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Geppy's Geppy Thread (GBP/JPY)

  • #1,061
  • Feb 27, 2013 3:03pm Feb 27, 2013 3:03pm
Quoting BobGnarly
shiti blows, they are never close hahah
I wasn't commenting on their track record... I wouldn't know.
check out my blog: forexmademillionaire dot com
  • #1,062
  • Feb 27, 2013 3:04pm Feb 27, 2013 3:04pm
Hey Guys.... was doing really well trading GJ... unfortunately I didn't anticipate a spike as high as to test 140.... so I lost my position. Still trading small accounts, and I am in a pattern - from this place of being somewhat stuck... I wanted to ask for any insights of support...

It seems I have trouble adhering to my strategy... it gets so easy to want to jump in and make high leverage calls when the market is moving in my favor... however, it tends to kill me... for obvious reasons.

And I wanted to ask for help from the Thread... I feel that the quality of traders on here is definitely higher than the average thread... and I would love any insights you guys have... or maybe a basic strategy I can start with so as to simplify my trading.

Like last night I let positions build and ended up shorting at 138.33... I didn't see any reason for 138 to hold a third time... and the retrace up to 139.14 BARELY wiped me out...

However, I will do whatever it takes to learn and grow through this, so any insights you guys have are greatly appreciated!

Please help!
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  • #1,063
  • Feb 27, 2013 3:04pm Feb 27, 2013 3:04pm
Quoting albchr
Do you really pay attention to these Geppy? I've never even looked at one.
Nope, just saw it while scrolling FXLive and then Bob's post reminded me of it, so I used it for an example since people were getting cheeky with him.
check out my blog: forexmademillionaire dot com
  • #1,064
  • Feb 27, 2013 3:05pm Feb 27, 2013 3:05pm
Quoting BobGnarly
Damn, 7? mines 5 ny time
I'm with MBT and they are REALLY weird about this. I think it's midnight EST. How odd is that?
check out my blog: forexmademillionaire dot com
  • #1,065
  • Feb 27, 2013 3:08pm Feb 27, 2013 3:08pm
Quoting Geppy
I'm with MBT and they are REALLY weird about this. I think it's midnight EST. How odd is that?

Woahh, you can have a whole different daily set up .. I'm with tradestation and its 5
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  • #1,066
  • Feb 27, 2013 3:12pm Feb 27, 2013 3:12pm
Quoting albchr
7:00pm NY bro. 3 hours from now.
My broker uses same server time
  • #1,067
  • Feb 27, 2013 3:12pm Feb 27, 2013 3:12pm
Quoting BobGnarly
Damn, 7? mines 5 ny time
Really? What broker Bob? I'm with IBFX
Ghost Rider - WWTBMD?
  • #1,068
  • Feb 27, 2013 3:13pm Feb 27, 2013 3:13pm
Quoting albchr
Really? What broker Bob? I'm with IBFX

Trade Station
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  • #1,069
  • Feb 27, 2013 3:17pm Feb 27, 2013 3:17pm
Quoting Geppy
Nope, just saw it while scrolling FXLive and then Bob's post reminded me of it, so I used it for an example since people were getting cheeky with him.
But you're saying that you really can determine what the large banks/institutions are doing? If so I find that so hard to believe. You'd think everyone would know that and be getting rich easily then.

Sorry if I sounded cheeky Bob........ I didn't mean to. Just sounds too good to be true is all.
Ghost Rider - WWTBMD?
  • #1,070
  • Feb 27, 2013 3:18pm Feb 27, 2013 3:18pm
Quoting BobGnarly
Trade Station

Shows you how much I know. I thought Trade Station was a platform, not a broker....lol
Ghost Rider - WWTBMD?
  • #1,071
  • Feb 27, 2013 3:20pm Feb 27, 2013 3:20pm
Quoting BobGnarly
Woahh, you can have a whole different daily set up .. I'm with tradestation and its 5
Yeah, it's weird that way. But luckily daily is a big enough TF where you generally see the trend and if you're trading off it, candles aren't terrible important IMO.
check out my blog: forexmademillionaire dot com
  • #1,072
  • Feb 27, 2013 3:21pm Feb 27, 2013 3:21pm
Quoting albchr
Shows you how much I know. I thought Trade Station was a platform, not a broker....lol
Yeah, I'm not sure who they clear their FX with... I thought about them a few years ago, but they were clearing through a bucket shop so I didn't.
check out my blog: forexmademillionaire dot com
  • #1,073
  • Feb 27, 2013 3:22pm Feb 27, 2013 3:22pm
Quoting Geppy
I'm with MBT and they are REALLY weird about this. I think it's midnight EST. How odd is that?

LOL...that's pretty screwy for sure. I don't understand why they aren't all just set to GMT. Guess that would give the retail traders too much advantage. Having different close/open times means everyone is looking at different setups as Bob said.
Ghost Rider - WWTBMD?
  • #1,074
  • Feb 27, 2013 3:24pm Feb 27, 2013 3:24pm
Quoting Geppy
Yeah, I'm not sure who they clear their FX with... I thought about them a few years ago, but they were clearing through a bucket shop so I didn't.

They claim to be stp/ecn... Not gonna lie spreads stay tight on major news events and I have never encountered slippage. They just bought out ibfx, who I tried for a week and saw them hunt stops like crazy... I have my mini account with them tho.

What price you see and click is the price you get, I would never switch as of now
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  • #1,075
  • Feb 27, 2013 3:39pm Feb 27, 2013 3:39pm
Quoting BobGnarly
They claim to be stp/ecn... Not gonna lie spreads stay tight on major news events and I have never encountered slippage. They just bought out ibfx, who I tried for a week and saw them hunt stops like crazy... I have my mini account with them tho.

What price you see and click is the price you get, I would never switch as of now
Hmmm...been with them since 09. Never had those issues. Spreads can get a bit crazy during news and slow times but it's better than it used to be and only lasts a few seconds.
Ghost Rider - WWTBMD?
  • #1,076
  • Feb 27, 2013 4:00pm Feb 27, 2013 4:00pm
Quoting albchr
Hmmm...been with them since 09. Never had those issues. Spreads can get a bit crazy during news and slow times but it's better than it used to be and only lasts a few seconds.

Yea the stop hunting didn't happen too often, I have 2 accounts open during the day(Tradestation and IBFX) same stops and you wouldn't believe the ones ibfx triggers that trade station doesn't and I had too many re quotes..They are not the worst I have tried , by any means. Just love trade station
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  • #1,077
  • Feb 27, 2013 4:02pm Feb 27, 2013 4:02pm
Wow UJ had a close above 92.20, very happy with that and GJ surged too right at the end...
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  • #1,078
  • Feb 27, 2013 4:07pm Feb 27, 2013 4:07pm
I back tested the hell out of my system and I know it works now it's time to forward test.

Just got a 5/10 EMA crossover to the upside on the 4H charts.

I don't know how long it will last before we go back down again but I don't care.

I am just following my system from here on out.
I know when we drop again it will probably be huge but I don't even need to think about it.

Just following my strategy and leaving my emotions where they belong.

With Oprah
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Trade at your own risk.
  • #1,079
  • Feb 27, 2013 4:09pm Feb 27, 2013 4:09pm
Quoting Fx3423454
I back tested the hell out of my system and I know it works now it's time to forward test.

Just got a 5/10 EMA crossover to the upside on the 4H charts.

I don't know how long it will last before we go back down again but I don't care.

I am just following my system from here on out.
I know when we drop again it will probably be huge but I don't even need to think about it.

Just following my strategy and leaving my emotions where they belong.

With Oprah
UJ still gonna get slammed down?
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  • #1,080
  • Feb 27, 2013 4:14pm Feb 27, 2013 4:14pm
Quoting BobGnarly
UJ still gonna get slammed down?
I was going to ask you earlier if you knew about some institutional info ---

Do I think we are still heading downward?

Yes.

However, my system doesn't really involve having to think very much.
I created a system and I have been in the trial phases of it.

It's time to stop screwing around and start forward testing it.

We just got a bullish 5/10 EMA Crossover on the 4H charts.

I don't know how long it will last but I am not concerned with predicting anything.

Just following the system.

In any event, good trade set-ups from yesterday dude!

Let's ride some more waves!

Cowabunga!
Trade at your own risk.
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