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Geppy's Geppy Thread (GBP/JPY)

  • #1,221
  • Feb 28, 2013 8:07am Feb 28, 2013 8:07am
Quoting Geppy
I think what albchr, is saying is that he wants to see some accountability. I agree.

This thread has been really awesome so far... not like your typical FF thread with a handful of quality posters that are diluted by a bunch of yahoos with stupid calls and no reasoning. Those guys are the type that always seem to be long or short as the market turns and getting out of what would have been losing trades at "b/e +1" every single time. I hate those guys, and I'm not saying you are one of them, Oscar.

Let's raise the bar for FF in the Geppy thread!
Yup!

I have really enjoyed being here and it's my sincere hope it stays an intelligent, insightful and informative thread. Right or wrong (we all are), just explain your views with charts, numbers and comments.

And I'm Chris everyone. Nice to meet you all
Ghost Rider - WWTBMD?
  • #1,222
  • Feb 28, 2013 8:27am Feb 28, 2013 8:27am
My system does not involve using S/R levels as they were meant to be broken.

I don't have target prices but I do place stops just under (bullish) or above (bearish) the first candle that causes the signal.
I also trail my stops usually placing them under or above a candle that indicates a possible change in direction.

Sometimes I don't trail the stop at all, just get out when there is a signal change.

I'm sorry I can't lay out an entire trade because I don't know when the next bearish signal will come.

However, just because a system simply involves surfing a trend doesn't mean it isn't profitable.
Trade at your own risk.
  • #1,223
  • Feb 28, 2013 8:47am Feb 28, 2013 8:47am
Just playing here. Interesting point of meeting with the TL and 55ema at 139.80. Can we go up now? lol
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Ghost Rider - WWTBMD?
  • #1,224
  • Feb 28, 2013 8:53am Feb 28, 2013 8:53am
Quoting albchr
Just playing here. Interesting point of meeting with the TL and 55ema at 139.80. Can we go up now? lol
Here's my 30min... the yellow, 100ema is sandwiching PA with the 50ema (green). I think it's only a matter of time before we break higher though.
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check out my blog: forexmademillionaire dot com
  • #1,225
  • Feb 28, 2013 8:59am Feb 28, 2013 8:59am
Quoting zarach
excuse me sir just curious the blue line is it MA or LSMA?thank you
I'm sorry zarach, I just saw this question. That's a 55ema.

Very basically....

I use it on the daily to see if price closes either above or below to indicate a possible direction.

On the 4H to indicate a possible 4H first target. (Multiple lots partial close area)

On the 1H as a good bounce marker. (For scalping opposite way)
Ghost Rider - WWTBMD?
  • #1,226
  • Feb 28, 2013 9:05am Feb 28, 2013 9:05am
Quoting Geppy
Here's my 30min... the yellow, 100ema is sandwiching PA with the 50ema (green). I think it's only a matter of time before we break higher though.
We really do see things alike Geppy. For me (30min) it's dam near the same. Only it's a 55 (Blue) and 200ema (Red) and 200sma (Green).

Still like it trading above the 50% so yep, I agree with a higher break as of now.
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Ghost Rider - WWTBMD?
  • #1,227
  • Feb 28, 2013 9:20am Feb 28, 2013 9:20am
Quoting albchr
I'm sorry zarach, I just saw this question. That's a 55ema.

Very basically....

I use it on the daily to see if price closes either above or below to indicate a possible direction.

On the 4H to indicate a possible 4H first target. (Multiple lots partial close area)

On the 1H as a good bounce marker. (For scalping opposite way)
It's alright sir since you use channel and the blue line is inside it I thought you use lsma for identifying regression slope, thanks for your answer
  • #1,228
  • Feb 28, 2013 10:25am Feb 28, 2013 10:25am
Hey 100pips....

Where can I get this better volumes indicator?


Quoting 100PipsADay
This 139.20"ish" area has definitely held nicely on a daily close 3 days in a row. I'm just not totally convinced that we have seen the bottom when it comes to a weekly perspective just yet. Also, considering that retail longs have been steadily on the rise as of late makes me a little worried.

2nd thing is the amount of selling volume which was seen on 2-25! There was more volume on that day then there was on ANY day of the entire past 12 months. Take a look a the Black candle on 2-25.

Colors:
Red = Heavy buying
Black = Heavy selling
Green...
  • #1,229
  • Feb 28, 2013 10:27am Feb 28, 2013 10:27am
Closed out my long position for +4 pips.

I know it's nothing but it was a countertrend trade.

I am expecting a bearish signal sooner rather than later.

Last bearish signal was approx. 400 pip winner (02.19.2013-02.22.2013).

The prior bearish signal was approx. 300 pip winner (02.25.2013-02.27.2013).
Trade at your own risk.
  • #1,230
  • Feb 28, 2013 10:39am Feb 28, 2013 10:39am
Seeing the GJ btw 23-38% retracement levels on the correction and resisting.

I feel like theres some more room on the downside, unfortunately i feel it could hit 142 before that happens...

Anyone use bill williams indicators?

mfi and volumes?
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  • #1,231
  • Feb 28, 2013 10:48am Feb 28, 2013 10:48am
Quoting Teddicus
Hey 100pips....

Where can I get this better volumes indicator?
I wish I could share it but I promised a friend that I wouldn't let it out. He is still working on the indicator as of now. Sorry Teddicus, wish I could share it with you...
  • #1,232
  • Feb 28, 2013 10:49am Feb 28, 2013 10:49am
: (

Will he bring it to market when its done?
  • #1,233
  • Feb 28, 2013 10:49am Feb 28, 2013 10:49am
Quoting Teddicus
Seeing the GJ btw 23-38% retracement levels on the correction and resisting.

I feel like theres some more room on the downside, unfortunately i feel it could hit 142 before that happens...

Anyone use bill williams indicators?

mfi and volumes?
I use Williams % indicator on H1 to scale in positions when trending

But not Bill Williams... LOL
  • #1,234
  • Feb 28, 2013 10:51am Feb 28, 2013 10:51am
Quoting Teddicus
: (

Will he bring it to market when its done?
If he does I will let you know, but as of right now I need to hold up my end of the deal. Hope you understand.
  • #1,235
  • Feb 28, 2013 10:51am Feb 28, 2013 10:51am
Bill William's Indicators are MFI combined with Volumes...
  • #1,236
  • Feb 28, 2013 11:05am Feb 28, 2013 11:05am
Don't even get me started on FX volumes... trying to get something accurate is a waste of time.

I have no idea why people even bother.
check out my blog: forexmademillionaire dot com
  • #1,237
  • Feb 28, 2013 11:06am Feb 28, 2013 11:06am
Quoting Fx3423454
Closed out my long position for +4 pips.

I know it's nothing but it was a countertrend trade.

I am expecting a bearish signal sooner rather than later.

Last bearish signal was approx. 400 pip winner (02.19.2013-02.22.2013).

The prior bearish signal was approx. 300 pip winner (02.25.2013-02.27.2013).
Curious... what price did you close at?
check out my blog: forexmademillionaire dot com
  • #1,238
  • Feb 28, 2013 11:12am Feb 28, 2013 11:12am
Quoting Geppy
Don't even get me started on FX volumes... trying to get something accurate is a waste of time.

I have no idea why people even bother.
You don't believe in election polls?

How does polling work?
Sampling public opinion, George Gallup once said, is like sampling soup: One spoonful can reflect the taste of the whole pot, if the soup is well-stirred. In other words, it’s all about finding a sample that reflects the larger population. Polling is based on the laws of probability. According to probability theory, it’s not necessary to sample the opinions of all 300 million Americans; a much smaller sample can reflect the larger population—if that sample is truly representative.

I don't think the concept for Volume is really any different... I do however think it's important to use a "larger" broker such as FXCM or Oanda though.
  • #1,239
  • Feb 28, 2013 11:27am Feb 28, 2013 11:27am
Quoting 100PipsADay
You don't believe in election polls?

How does polling work?
Sampling public opinion, George Gallup once said, is like sampling soup: One spoonful can reflect the taste of the whole pot, if the soup is well-stirred. In other words, it’s all about finding a sample that reflects the larger population. Polling is based on the laws of probability. According to probability theory, it’s not necessary to sample the opinions of all 300 million Americans; a much smaller sample can reflect the larger population—if that sample is truly representative.

I...
So you're polling a small sample of retail traders to help give you a direction on the broader market that is largely dominated by institutional traders and banks?

That's like polling the southern United States on how gay rights should progress. Sounds accurate!
check out my blog: forexmademillionaire dot com
  • #1,240
  • Feb 28, 2013 11:34am Feb 28, 2013 11:34am
Quoting Geppy
So you're polling a small sample of retail traders to help give you a direction on the broader market that is largely dominated by institutional traders and banks?

That's like polling the southern United States on how gay rights should progress. Sounds accurate!
Hmmm... I see your point
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