Geppy's Geppy Thread (GBP/JPY) | Page 68 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Geppy - Pick the bottom 18 replies

Lets Talk GBP/JPY "the geppy" 156 replies

geppy is "ugly" when ? 14 replies

Geppy outlook 0 replies

Attachments: Geppy's Geppy Thread (GBP/JPY)
Exit Attachments

Geppy's Geppy Thread (GBP/JPY)

  • #1,341
  • Feb 28, 2013 7:36pm Feb 28, 2013 7:36pm
It seems some of you are getting antsy and worrying because we're not moving with a lot of certainty right now. You have a right to be.

After an earthquake, people don't just come out and go back to what they were doing... back to their daily routines.

They worry. They worry that it's not actually over yet, that maybe it was just a precursor to a larger, yet-to-come quake. They worry that even if it is over, that strong aftershocks could topple severely damaged, yet still precariously standing buildings.

These are all valid reasons to be concerned. But for now, we're showing signs of recovery and PA is behaving. I'm staying pretty conservative with my targets until I see that the dust has definitely settled and earthquakes are far from our minds.

Here's my 30min chart... behaving quite nicely:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy30m.gif Size: 51 KB
check out my blog: forexmademillionaire dot com
  • #1,342
  • Feb 28, 2013 7:40pm Feb 28, 2013 7:40pm
Quoting Fx3423454

Just entered long @ 140.51 SL @ 140.30

Only 21 pip risk.

Bad data, exited manually @ 140.38

Minimal loss.
Edited 23 minutes ago. Highest price on my feed was 140.338. Hmmmm.....

EDIT: Oh well, I'm gonna lay down and let the aftershocks rock me to sleep....lol
Ghost Rider - WWTBMD?
  • #1,343
  • Feb 28, 2013 7:47pm Feb 28, 2013 7:47pm
I'm short here in this area still looking for another leg down in this correction.


Attached Image (click to enlarge)
Click to Enlarge Name: GJ D1 2-28.png Size: 30 KB
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,344
  • Feb 28, 2013 7:48pm Feb 28, 2013 7:48pm
Quoting Geppy
It seems some of you are getting antsy and worrying because we're not moving with a lot of certainty right now. You have a right to be.

After an earthquake, people don't just come out and go back to what they were doing... back to their daily routines.

They worry. They worry that it's not actually over yet, that maybe it was just a precursor to a larger, yet-to-come quake. They worry that even if it is over, that strong aftershocks could topple severely damaged, yet still precariously standing buildings.

These are all valid reasons to be...
Nice post Geppy! You're right, price is moving kind of slow but it looks like it wants to break higher. I think a break above 141 should confirm bullish bias for the short to mid-term.

I must have missed your post earlier but what is your current targets for GBP/JPY?
  • #1,345
  • Feb 28, 2013 7:48pm Feb 28, 2013 7:48pm
Quoting albchr
Edited 23 minutes ago. Highest price on my feed was 140.338. Hmmmm.....

EDIT: Oh well, I'm gonna lay down and let the aftershocks rock me to sleep....lol
I'm not sure what you mean.

But, anyway I hope the rally keeps going for you guys.
If not we will get a bearish signal on the 4H and I will be back in it.
Trade at your own risk.
  • #1,346
  • Feb 28, 2013 7:48pm Feb 28, 2013 7:48pm
Quoting sam69
hi all,
going long here,tp 140.78
tp hit...waiting for short opportunity @140.78
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,347
  • Feb 28, 2013 7:50pm Feb 28, 2013 7:50pm
Quoting 100PipsADay
Nice post Geppy! You're right, price is moving kind of slow but it looks like it wants to break higher. I think a break above 141 should confirm bullish bias for the short to mid-term.

I must have missed your post earlier but what is your current targets for GBP/JPY?
They are those red, dashed lines in my chart in the post you quoted.
check out my blog: forexmademillionaire dot com
  • #1,348
  • Feb 28, 2013 7:54pm Feb 28, 2013 7:54pm
Quoting Geppy
They are those red, dashed lines in my chart in the post you quoted.
Haha got it!
  • #1,349
  • Feb 28, 2013 7:57pm Feb 28, 2013 7:57pm
Quoting sam69
tp hit...waiting for short opportunity @140.78
whats your tgt TP on this short, Sir?
Thanks.
  • #1,350
  • Feb 28, 2013 8:25pm Feb 28, 2013 8:25pm
Dont mind the ipad mt4 chart lol.. But a break of the high has no resistance until 141.33

Its my mini account but same idea
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 129 KB
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #1,351
  • Feb 28, 2013 8:28pm Feb 28, 2013 8:28pm
Quoting BobGnarly
Dont mind the ipad mt4 chart lol.. But a break of the high has no resistance until 141.33

Its my mini account but same idea
Yep, even then it's more of a resistance zone, or cluster between 141.30 and 141.80 or thereabouts.

That's the zone I'm focused on to see what sort of hesitation/reaction we get once there.
check out my blog: forexmademillionaire dot com
  • #1,352
  • Feb 28, 2013 8:32pm Feb 28, 2013 8:32pm
Quoting Geppy
Yep, even then it's more of a resistance zone, or cluster between 141.30 and 141.80 or thereabouts.

That's the zone I'm focused on to see what sort of hesitation/reaction we get once there.
Yep if we blast thru I will add on a pullback
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #1,353
  • Feb 28, 2013 8:38pm Feb 28, 2013 8:38pm
Quoting BobGnarly
Yep if we blast thru I will add on a pullback
Yeah, of course

The question is... will you potentially short that area like a crazed cowboy?

I may
check out my blog: forexmademillionaire dot com
  • #1,354
  • Feb 28, 2013 8:42pm Feb 28, 2013 8:42pm
Quoting Geppy
Yeah, of course

The question is... will you potentially short that area like a crazed cowboy?

I may


Hahaha I know you would! I have a plan set up, dont worry
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #1,355
  • Feb 28, 2013 8:48pm Feb 28, 2013 8:48pm
I'm HOPING to be able to hold current long positions until new highs are seen on the Daily, but we'll see, obviously a long way to go until that happens as we are currently about 750 pips away at the moment.
  • #1,356
  • Feb 28, 2013 9:14pm Feb 28, 2013 9:14pm
Quoting 100PipsADay
I'm HOPING to be able to hold current long positions until new highs are seen on the Daily, but we'll see, obviously a long way to go until that happens as we are currently about 750 pips away at the moment.

Might not have to wait too long
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 223 KB
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #1,357
  • Feb 28, 2013 9:19pm Feb 28, 2013 9:19pm
Quoting 100PipsADay
I'm HOPING to be able to hold current long positions until new highs are seen on the Daily, but we'll see, obviously a long way to go until that happens as we are currently about 750 pips away at the moment.
thats a good idea but only thing is bearish engulfing on monthly, i think it will test again 138.38?, so i have a pending sell @140.78 with target 138.38
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,358
  • Feb 28, 2013 9:23pm Feb 28, 2013 9:23pm
Quoting behman8850
whats your tgt TP on this short, Sir?
Thanks.
138.38, see post 1357...
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,359
  • Feb 28, 2013 9:38pm Feb 28, 2013 9:38pm
Quoting sam69
138.38, see post 1357...
thank you sir.
  • #1,360
  • Feb 28, 2013 9:39pm Feb 28, 2013 9:39pm
Quoting sam69
thats a good idea but only thing is bearish engulfing on monthly, i think it will test again 138.38?, so i have a pending sell @140.78 with target 138.38
I just took a look at all of the monthly charts and you are definitely right, there is a bearish engulfing for GBP/JPY on the monthly, however, I don't see that on any other JPY cross pair therefore I am a little hesitant about the credibility of this particular candle.

Typically JPY pairs move in tandem with each other, some faster and some slower. We are definitely in a weekly and now monthly uptrend for ALL JPY pairs so when it comes to long term trades I would hesitate to go short.

Of course the occasional day trade and even swing shorts can be very profitable but they are definitely counter trend trades.

Food for thought: After looking at the current week's candle, if we move up another 100 pips or so before weekly candle closes we may have a Hammer which would obviously be bullish price action. Hard to say which one to follow...

Monthly Bearish Engulfing Counter Trend OR Weekly Hammer w/ the Trend

Thoughts anybody...?
32 traders viewing now