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Geppy's Geppy Thread (GBP/JPY)

  • #1,421
  • Mar 1, 2013 12:00pm Mar 1, 2013 12:00pm
The lesson today: never discount the beast!

These moves were brutal today, and I can't say I'm sad I slept through the first half (the drop).

I'm now hoping we can rally to 141.20 and I can close out my trades... start next week fresh.
check out my blog: forexmademillionaire dot com
  • #1,422
  • Mar 1, 2013 12:00pm Mar 1, 2013 12:00pm
Quoting BobGnarly
Well what do ya know

Have a good weekend guys!
Ghost Rider - WWTBMD?
  • #1,423
  • Mar 1, 2013 12:03pm Mar 1, 2013 12:03pm
Quoting Geppy
The lesson today: never discount the beast!

These moves were brutal today, and I can't say I'm sad I slept through the first half (the drop).

I'm now hoping we can rally to 141.20 and I can close out my trades... start next week fresh.
LOL...wish I was sleeping through it bro. I was craping the old jeans for a bit back here..... ....(4H from before)

141.xx and I'm closing too. Actually, I'm closing soon anyway as I have to leave.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #1,424
  • Mar 1, 2013 12:07pm Mar 1, 2013 12:07pm
I just hope if he puts me on his ignore list I don't have to see his posts. lol

Damn. I am still seeing them.
Trade at your own risk.
  • #1,425
  • Mar 1, 2013 12:07pm Mar 1, 2013 12:07pm
Quoting Geppy
The lesson today: never discount the beast!

These moves were brutal today, and I can't say I'm sad I slept through the first half (the drop).

I'm now hoping we can rally to 141.20 and I can close out my trades... start next week fresh.

Wait until the monthly bar would turn red, you might miss a massive march bro, anyways good trading and have a good weekend
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #1,426
  • Mar 1, 2013 12:24pm Mar 1, 2013 12:24pm
Just woke up to see that I missed out on about $5k worth of profit if only I had kept my positions opened...

DAMN IT!!!!
  • #1,427
  • Mar 1, 2013 12:31pm Mar 1, 2013 12:31pm
Quoting BobGnarly
Wait until the monthly bar would turn red, you might miss a massive march bro, anyways good trading and have a good weekend
Dude, you know as well as I do... there's always time to get back in.

Regardless, looks like I'll be holding through the weekend. I may even buy a lil more here
check out my blog: forexmademillionaire dot com
  • #1,428
  • Mar 1, 2013 12:32pm Mar 1, 2013 12:32pm
Quoting 100PipsADay
Just woke up to see that I missed out on about $5k worth of profit if only I had kept my positions opened...

DAMN IT!!!!
Aren't you like 100% automated? Or was that someone else?
check out my blog: forexmademillionaire dot com
  • #1,429
  • Mar 1, 2013 12:34pm Mar 1, 2013 12:34pm
Quoting Geppy
Aren't you like 100% automated? Or was that someone else?
Most of my trades are automated. However, due to the MACD being in a down trend for so long signals are still saying Sell so I am not using them at all right now and have been manual trading this week.

Also, I step in every once in a while to intervene regardless. The EA doesn't detect support, resistance, or price action...

Here are the results of my EA since September 2011:

EUR/AUD: http://www.forexfactory.com/showthre...25#post6419425

AUD/JPY: http://www.forexfactory.com/showthre...86#post6422786

CAD/JPY: http://www.forexfactory.com/showthre...57#post6440857

NZD/JPY: http://www.forexfactory.com/showthre...61#post6440861
  • #1,430
  • Mar 1, 2013 12:35pm Mar 1, 2013 12:35pm
Quoting Geppy
Dude, you know as well as I do... there's always time to get back in.

Regardless, looks like I'll be holding through the weekend. I may even buy a lil more here
Will your broker honor your stops if hit over the weekend Geppy?

Mine won't which is why I always try to be flat unless a couple hundred in profit.
Ghost Rider - WWTBMD?
  • #1,431
  • Mar 1, 2013 12:41pm Mar 1, 2013 12:41pm
Quoting 100PipsADay
Most of my trades are automated. However, due to the MACD being in a down trend for so long signals are still saying Sell so I am not using them at all right now and have been manual trading this week.

Also, I step in every once in a while to intervene regardless. The EA doesn't detect support, resistance, or price action...

Here are the results of my EA since September 2011:

EUR/AUD: http://www.forexfactory.com/showthre...25#post6419425

AUD/JPY: http://www.forexfactory.com/showthre...86#post6422786

CAD/JPY:...


I haven't posted GBP/AUD results but there is over 50,000 pips made between the 5 currency pairs (4 listed above + G/A) using basically only the EA since September 2011. However, I do still enjoy manual trading and chart analysis
  • #1,432
  • Mar 1, 2013 12:48pm Mar 1, 2013 12:48pm
Nice system 100 Pips -

I can relate to what you are saying. My system works better when we are total trending mode.

I think the JPY corsses are going through a transition, but in any event there has been some serious volatility lately.

My system works better in a trending scenario however I am modifying it.
Trade at your own risk.
  • #1,433
  • Mar 1, 2013 12:53pm Mar 1, 2013 12:53pm
really??....i thought hedgies trade on FX pro and fxcm

I have analyzed COT reports and most large institutions utilize futures contracts for currency positions.[/quote]
  • #1,434
  • Mar 1, 2013 12:54pm Mar 1, 2013 12:54pm
Quoting Fx3423454
Nice system 100 Pips -

I can relate to what you are saying. My system works better when we are total trending mode.

I think the JPY corsses are going through a transition, but in any event there has been some serious volatility lately.

My system works better in a trending scenario however I am modifying it.
The system that I follow is listed in my profile in detail. To be honest, I have no idea about your system due to your posts being so vague and your lack of charts...

Anyways, thanks and good luck!
  • #1,435
  • Mar 1, 2013 12:57pm Mar 1, 2013 12:57pm
Yes, well I think it is about probability not luck.

Anyway, I have not posted anything because I am forward testing it now.

I am not going to mislead anyone by telling them that my system has passed the trial phase.

Anyway, thanks and good luck to you as well. But, I think you also know that it is about probability not luck.
Trade at your own risk.
  • #1,436
  • Mar 1, 2013 1:00pm Mar 1, 2013 1:00pm
Quoting 100PipsADay
Most of my trades are automated. However, due to the MACD being in a down trend for so long signals are still saying Sell so I am not using them at all right now and have been manual trading this week.

Also, I step in every once in a while to intervene regardless. The EA doesn't detect support, resistance, or price action...

Here are the results of my EA since September 2011:

EUR/AUD: http://www.forexfactory.com/showthre...25#post6419425

AUD/JPY: http://www.forexfactory.com/showthre...86#post6422786

CAD/JPY:...
Gotcha. Good stuff, bro!
check out my blog: forexmademillionaire dot com
  • #1,437
  • Mar 1, 2013 1:02pm Mar 1, 2013 1:02pm
Quoting albchr
Will your broker honor your stops if hit over the weekend Geppy?

Mine won't which is why I always try to be flat unless a couple hundred in profit.
Honestly, I have no clue. The only time I'm adamant about being flat for the weekend if there's something really big doing down... like a G20 meeting.
check out my blog: forexmademillionaire dot com
  • #1,438
  • Mar 1, 2013 1:03pm Mar 1, 2013 1:03pm
Quoting Geppy
Gotcha. Good stuff, bro!
Thanks man! I'll be honest, I tend to lose more when I intervene so I try to let these trades go and let them do what they do best. It's hard sometimes though when my bias goes against them and emotions get involved... LOL
  • #1,439
  • Mar 1, 2013 1:23pm Mar 1, 2013 1:23pm
Quoting Geppy
Honestly, I have no clue. The only time I'm adamant about being flat for the weekend if there's something really big doing down... like a G20 meeting.
Yeah I rarely do. If I do have to/want to hold over the weekend I remove all stops. Like GU last week opened 100 pips lower. If I had a stop set 50 below the weeks close, they'd take me out at the 100 lower open. If I have no stop, I'm still in the trade. Kinda screwy...lol
Ghost Rider - WWTBMD?
  • #1,440
  • Mar 1, 2013 1:28pm Mar 1, 2013 1:28pm
Quoting albchr
Yeah I rarely do. If I do have to/want to hold over the weekend I remove all stops. Like GU last week opened 100 pips lower. If I had a stop set 50 below the weeks close, they'd take me out at the 100 lower open. If I have no stop, I'm still in the trade. Kinda screwy...lol
Yeah, screw GU though

That being said... that sucker is DUE for a bounce and it should be a nice lift to Geppy when it does.
check out my blog: forexmademillionaire dot com
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