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Geppy's Geppy Thread (GBP/JPY)

  • #1,161
  • Feb 27, 2013 6:36pm Feb 27, 2013 6:36pm
Quoting Rag2RichesFX
if we break the highs im pretty sure we get an m15 divergence

then i will short again (but half position for scalp only, wont be sure if the 4 hour rolls over, when it does i can reload)

Ahh, wish I could handle scalping... Not my cup of tea but envy those that can do it
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  • #1,162
  • Feb 27, 2013 6:36pm Feb 27, 2013 6:36pm
FXLive is posting a lot of BoJ comments... maybe I'm reading them wrong, but they don't sound as dovish to me.
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  • #1,163
  • Feb 27, 2013 6:37pm Feb 27, 2013 6:37pm
You guys can watch this whacky PA hahaha, going to watch some movies
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  • #1,164
  • Feb 27, 2013 6:38pm Feb 27, 2013 6:38pm
Quoting BobGnarly
You guys can watch this whacky PA hahaha, going to watch some movies
I was just thinking the same thing lol

catch you later!
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  • #1,165
  • Feb 27, 2013 6:39pm Feb 27, 2013 6:39pm
later man!
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  • #1,166
  • Feb 27, 2013 6:44pm Feb 27, 2013 6:44pm
take care

might post here more often

1 hour looks bearish too. not looking for much! will become a bull pretty soon
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Be hopeful in a winning position, and fearful in a losing position.
  • #1,167
  • Feb 27, 2013 6:55pm Feb 27, 2013 6:55pm
Quoting BobGnarly
Ahh, wish I could handle scalping... Not my cup of tea but envy those that can do it
true. i dont use much if any leverage so its easier to enter without feeling like im going to lose my shirt and i like to do in in large TF resistance areas.


cya
Be hopeful in a winning position, and fearful in a losing position.
  • #1,168
  • Feb 27, 2013 6:58pm Feb 27, 2013 6:58pm
Woke up, longs activated, back to bed.

See ya for London.
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Ghost Rider - WWTBMD?
  • #1,169
  • Feb 27, 2013 7:03pm Feb 27, 2013 7:03pm
Quoting albchr
Woke up, longs activated, back to bed.

See ya for London.

good luck. hoping it dips to a bit above where your stop is so i can buy
Be hopeful in a winning position, and fearful in a losing position.
  • #1,170
  • Feb 27, 2013 7:10pm Feb 27, 2013 7:10pm
Quoting Rag2RichesFX
good luck. hoping it dips to a bit above where your stop is so i can buy
Thanks bro

139.70 possible still. If I'm up and it's there, I'll add...
Ghost Rider - WWTBMD?
  • #1,171
  • Feb 27, 2013 8:11pm Feb 27, 2013 8:11pm
Price still being contained by the 20 EMA on the H4 chart.

Also, price is well below the 20 and 50 EMA on the Daily chart so I will not look to get long until I see some Bullish Price Action on the D1 chart.

2nd Target of 132.75 is still in effect in order to form new "higher lows" on the Weekly chart. I will keep an eye on Price Action at that time though regardless of the 20 EMA and 50 EMA
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY_-_D1_(2-28).png Size: 120 KB
  • #1,172
  • Feb 27, 2013 8:14pm Feb 27, 2013 8:14pm
Was there really some sort of "news" announcement earlier?

When looking at the charts I don't see any indication of high volume trading on ANY time frame...

Needless to say, I'm still BEARISH on GBP/JPY.
  • #1,173
  • Feb 27, 2013 8:23pm Feb 27, 2013 8:23pm
There we are + 60 pips

1 more dip then finally time to go up i think
Be hopeful in a winning position, and fearful in a losing position.
  • #1,174
  • Feb 27, 2013 8:26pm Feb 27, 2013 8:26pm
Generally I trade EJ, but just took at short at 139.90 with a tp @139.21, feel like we are heading down for a little at some point, but have been wrong before
  • #1,175
  • Feb 27, 2013 8:42pm Feb 27, 2013 8:42pm
Quoting albchr
Thanks bro

139.70 possible still. If I'm up and it's there, I'll add...
Dropped. I'm in at 3984 (quite small, looks bearish)

Hopefully 60 holds.

But its okay, it will go up eventually. Weekly is almost ready to turn up.


PA looks like another test of the lows is coming though. But that would require one hell of a bearish daily candle...
Be hopeful in a winning position, and fearful in a losing position.
  • #1,176
  • Feb 27, 2013 8:50pm Feb 27, 2013 8:50pm
Quoting Rag2RichesFX
Dropped. I'm in at 3984 (quite small, looks bearish)

Hopefully 60 holds.

But its okay, it will go up eventually. Weekly is almost ready to turn up.


PA looks like another test of the lows is coming though. But that would require one hell of a bearish daily candle...
Aww heck, I can't sleep...LOL

The 55ema is right at 139.70 now and is "usually" a good bounce marker on the 1H. Hasn't quite touched yet but we'll see. Bullish certainly isn't clear on lower TF's (4H and below) but I'm sticking to my plan. Going to reply to Terry (100pips) on the daily next.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #1,177
  • Feb 27, 2013 8:54pm Feb 27, 2013 8:54pm
Quoting 100PipsADay
Price still being contained by the 20 EMA on the H4 chart.

Also, price is well below the 20 and 50 EMA on the Daily chart so I will not look to get long until I see some Bullish Price Action on the D1 chart.

2nd Target of 132.75 is still in effect in order to form new "higher lows" on the Weekly chart. I will keep an eye on Price Action at that time though regardless of the 20 EMA and 50 EMA
Hey buddy, While I'm not saying the dragon will fly, I had to reply to you comment about bullish PA on the daily. To me, this shows some pretty strong buying going on around a good SR area. As I said in a previous post, for me the last daily needed to close above the 50% (I actually said 140ish as that would have been better...lol) but it did.

Take a look. Your thoughts on this chart?
Attached Image (click to enlarge)
Click to Enlarge Name: gj_daily.gif Size: 17 KB
Ghost Rider - WWTBMD?
  • #1,178
  • Feb 27, 2013 9:02pm Feb 27, 2013 9:02pm
Quoting albchr
Aww heck, I can't sleep...LOL

The 55ema is right at 139.70 now and is "usually" a good bounce marker on the 1H. Hasn't quite touched yet but we'll see. Bullish certainly isn't clear on lower TF's (4H and below) but I'm sticking to my plan. Going to reply to Terry (100pips) on the daily next.
Nice chart!

Fibonacci sequence EMAs are the best

Those daily candles have me bullish but the trend is so heavy on weekly.

So I can envision one more bottom even though there is 3 very strong ones already

BUT! Hopefully not.
Be hopeful in a winning position, and fearful in a losing position.
  • #1,179
  • Feb 27, 2013 9:05pm Feb 27, 2013 9:05pm
Well I know you aren't addressing me, but I will say after looking at my own charts and yours that this pair looks bearish to me, like I said in my earlier post I believe shorting until 3921 is the smart move here. Buying seems a bit dangerous just going on what I have learned as a trader, such a big move up on the DOW today, will likely not repeat itself; but more instead see us down a bit the next day. There is no catalyst that should reverse the current short term down trend at least in the coming day unless it is a suprise.
  • #1,180
  • Feb 27, 2013 9:06pm Feb 27, 2013 9:06pm
*there is a suprise
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