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Geppy's Geppy Thread (GBP/JPY)

  • #1,081
  • Feb 27, 2013 4:15pm Feb 27, 2013 4:15pm
Quoting BobGnarly
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
I've never had a requote. I'll have to take a look at tradestation again. But I actually like the MT4 platform better.

Anyway, been a long, hell of a day and I need some shut eye. Have fun folks and keep it real.
Ghost Rider - WWTBMD?
  • #1,082
  • Feb 27, 2013 4:18pm Feb 27, 2013 4:18pm
Quoting albchr
I've never had a requote. I'll have to take a look at tradestation again. But I actually like the MT4 platform better.

Anyway, been a long, hell of a day and I need some shut eye. Have fun folks and keep it real.

Ahh lucky! My only complaint with trade station is there funding... Wires only and checks... but checks are free and overnight is only $10 so not a huge concern
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  • #1,083
  • Feb 27, 2013 4:20pm Feb 27, 2013 4:20pm
Quoting Fx3423454
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...

Good luck to you too, hope your strategy works out for ya
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  • #1,084
  • Feb 27, 2013 4:22pm Feb 27, 2013 4:22pm
Quoting BobGnarly
Good luck to you too, hope your strategy works out for ya

Tip- Do not! let others influence your decisions, it's fine if you find someones analysis and it matched up with yours... Me and Geppy seem to disagree sometimes and guess what? We both make pips... Just dont be afraid to be wrong and don't "hope" your system will be right and turn and go in your direction.
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  • #1,085
  • Feb 27, 2013 4:29pm Feb 27, 2013 4:29pm
Quoting BobGnarly
Tip- Do not! let others influence your decisions, it's fine if you find someones analysis and it matched up with yours... Me and Geppy seem to disagree sometimes and guess what? We both make pips... Just dont be afraid to be wrong and don't "hope" your system will be right and turn and go in your direction.
That's very good advice.

I actually know my system works I just have to start using it. lol

But, it's true.
At the end of the day other people don't have to live with your decisions you do.

So make sure you can live with the outcome.
Good advice dude.
Trade at your own risk.
  • #1,086
  • Feb 27, 2013 4:36pm Feb 27, 2013 4:36pm
Quoting BobGnarly
Tip- Do not! let others influence your decisions, it's fine if you find someones analysis and it matched up with yours... Me and Geppy seem to disagree sometimes and guess what? We both make pips... Just dont be afraid to be wrong and don't "hope" your system will be right and turn and go in your direction.
Tru dat!

I'm looking for a buy zone now... thinking 138.55

Thoughts?
check out my blog: forexmademillionaire dot com
  • #1,087
  • Feb 27, 2013 4:39pm Feb 27, 2013 4:39pm
Anyone know if pound yen has a better average daily range than euro yen over the past few months? I think EJ is a bit more but not positive.

Great thread.
Be hopeful in a winning position, and fearful in a losing position.
  • #1,088
  • Feb 27, 2013 4:48pm Feb 27, 2013 4:48pm
What the heck is causing this wider than normal spread? I'm seeing a spread of 10-11 pips when mine is usually 4

what gives?
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  • #1,089
  • Feb 27, 2013 4:48pm Feb 27, 2013 4:48pm
Quoting Rag2RichesFX
Anyone know if pound yen has a better average daily range than euro yen over the past few months? I think EJ is a bit more but not positive.

Great thread.
ATR past 60 Days:

EUR/JPY: 175
GBP/JPY: 170
CAD/JPY: 110
AUD/JPY: 105
NZD/JPY: 100
  • #1,090
  • Feb 27, 2013 4:49pm Feb 27, 2013 4:49pm
Quoting Rag2RichesFX
Anyone know if pound yen has a better average daily range than euro yen over the past few months? I think EJ is a bit more but not positive.

Great thread.
Yes, EJ has done a bit better which makes sense considering Sterling has been getting pounded compared to the Euro.
check out my blog: forexmademillionaire dot com
  • #1,091
  • Edited 5:01pm Feb 27, 2013 4:49pm | Edited 5:01pm
Quoting Geppy
What the heck is causing this wider than normal spread? I'm seeing a spread of 10-11 pips when mine is usually 4

what gives?
I had the same problem Gepster but back to normal now.

I am already long, but to be honest I don't think this will last long.

However, I will wait for my system to show a bearish signal on 4H before I start shorting again.

Good Luck Gentlemen!

I woulda, shoulda, coulda bagged about 500 pips from 02.19.2013 until now if I had followed my own system.
Trade at your own risk.
  • #1,092
  • Feb 27, 2013 4:50pm Feb 27, 2013 4:50pm
Quoting Geppy
What the heck is causing this wider than normal spread? I'm seeing a spread of 10-11 pips when mine is usually 4

what gives?
RBA news. A$ is overvalued
  • #1,093
  • Feb 27, 2013 5:09pm Feb 27, 2013 5:09pm
Updated renko chart, riskier entry than yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ renko 2-26.png Size: 20 KB
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,094
  • Feb 27, 2013 5:25pm Feb 27, 2013 5:25pm
hello Friends, good afternoon. I see an Inside Bar on daily, so I have gone long at 139.93 TP 180 pips. at 141.72. sl would be 138.12 today's low. good Luck to all. This Inside bar has come after yesterday's Long legged Doji which means a Top Reversal. Comments welcome please.
  • #1,095
  • Feb 27, 2013 5:26pm Feb 27, 2013 5:26pm
Quoting Geppy
Tru dat!

I'm looking for a buy zone now... thinking 138.55

Thoughts?
Don't think we will see that again

But I don't know this pair at all


I guess another bottom is possible though. Maybe 140.20 will be sold off so you can buy

Edit: 139 looks weak, needs to be filled at least.
Be hopeful in a winning position, and fearful in a losing position.
  • #1,096
  • Feb 27, 2013 5:28pm Feb 27, 2013 5:28pm
Quoting Geppy
Tru dat!

I'm looking for a buy zone now... thinking 138.55

Thoughts?
Hey Gep, just made this quick for ya, 140.42 is a make or break in my opinion, But a rejection can bring the 138-39 level into play
Attached Image (click to enlarge)
Click to Enlarge Name: Geppy.png Size: 77 KB
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  • #1,097
  • Feb 27, 2013 5:34pm Feb 27, 2013 5:34pm
Quoting BobGnarly
Hey Gep, just made this quick for ya, 140.42 is a make or break in my opinion, But a rejection can bring the 138-39 level into play
Cool, thanks... I'm not at my trading desk so I'm trying to do the ol' iPhone shlang-bang lol
check out my blog: forexmademillionaire dot com
  • #1,098
  • Feb 27, 2013 5:36pm Feb 27, 2013 5:36pm
Quoting Fx3423454
This could very well happen but I just follow my system.
For now my system indicates a bullish move.

However, it may just be a small upward move within a larger downtrend.

Point being that I am not sure it will give you a 180 pip gain.
But, I am not trying to predict anything anymore.

Just following my signals.

Cowabunga!
Today's ATR was 180 pips between high 139.92 and low of 138.12 = 180 pips.
  • #1,099
  • Feb 27, 2013 5:36pm Feb 27, 2013 5:36pm
Haven't negotiated the stop yet.

Just pulled up these naked charts and looked like a good short opp potentially
Attached Image (click to enlarge)
Click to Enlarge Name: beastnakedchart.jpg Size: 259 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #1,100
  • Feb 27, 2013 5:39pm Feb 27, 2013 5:39pm
Quoting Rag2RichesFX
Haven't negotiated the stop yet.

Just pulled up these naked charts and looked like a good short opp potentially
JPY PMI soon, just a heads up
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