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Geppy's Geppy Thread (GBP/JPY)

  • #1,581
  • Mar 5, 2013 10:33am Mar 5, 2013 10:33am
I can't see any reason to cut your longs short... especially if they're in the money.

Here's my 1h view courtesy my iPhone. The 50ema (green line) has been providing great support. Patience is the key right now... it's a slow grind higher which is to be expected.
Attached Image (click to enlarge)
Click to Enlarge Name: photo.PNG Size: 71 KB
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  • #1,582
  • Mar 5, 2013 10:35am Mar 5, 2013 10:35am
All other yen pairs starting to pop, The 140 90 level was solid support, always nice to see higher and higher support levels And the day will most likely close with a long lower wick, signals buying
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  • #1,583
  • Mar 5, 2013 10:39am Mar 5, 2013 10:39am
Quoting BobGnarly
All other yen pairs starting to pop, The 140 90 level was solid support, always nice to see higher and higher support levels And the day will most likely close with a long lower wick, signals buying
Yep, and the 1h 50ema is getting ready to cross the 100ema. We haven't had the 50ema above the 100ema (on the hourly) since about Feb. 13th or so. We're slowly building more and more evidence that the retracement is finished.
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  • #1,584
  • Mar 5, 2013 1:02pm Mar 5, 2013 1:02pm
my god this is really fucking boring!
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  • #1,585
  • Mar 5, 2013 1:26pm Mar 5, 2013 1:26pm
Quoting Geppy
my god this is really fucking boring!
LOL...yup! I closed my longs for profit a while ago and reloaded just for something to do.

Now long at 141.05 and 141.18
Ghost Rider - WWTBMD?
  • #1,586
  • Mar 5, 2013 1:28pm Mar 5, 2013 1:28pm
Quoting whatever007
This diagnonal wedge whatever you call it thing from last week's low looks like it will end today, took small short.
I go away for half a day and price is exactly where I left it, um, did one of you guys pull the plug on the market or something?
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,587
  • Mar 5, 2013 1:33pm Mar 5, 2013 1:33pm
Feel like I've got the wave count again.... Was confused on a wave within a wave there for a second... couldnt tell which correction we were in...

So all of those that like free money.... Heres the chance.... once again....

Free Money I say, Free Money....

We are longing around here.... (*If you havent already) for the wave 3 up to 142.80....

Nice overlay has our target just at the 161.8 fib of this most recent wave 1 *(140.56-141.42)... Which we are now finished correcting our wave 2 correction and are loading up for our climb up wave three and to our first target of 142.80. (If your a noob this is your target).

I say first target because I expect her to follow suit of here recent wave frequency and head up beyond the 161.8 and potentially in the 143-144 range (*I'm only leaving a few small orders for target in that range).... Otherwise I will be looking to go short up there for a correction down to 135-132.
  • #1,588
  • Mar 5, 2013 1:35pm Mar 5, 2013 1:35pm
Yahoo!!!!
  • #1,589
  • Mar 5, 2013 1:38pm Mar 5, 2013 1:38pm
Quoting Teddicus
Feel like I've got the wave count again.... Was confused on a wave within a wave there for a second... couldnt tell which correction we were in...

So all of those that like free money.... Heres the chance.... once again....

Free Money I say, Free Money....

We are longing around here.... (*If you havent already) for the wave 3 up to 142.80....

Nice overlay has our target just at the 161.8 fib of this most recent wave 1 *(140.56-141.42)... Which we are now finished correcting our wave 2 correction and are loading up for our climb...
Do you have a chart with your count? I'm not a wave expert but this looks like a corrective to me since last week's low. I don't think we will get all the way to 61%.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ H4 3-5.png Size: 40 KB
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,590
  • Mar 5, 2013 1:40pm Mar 5, 2013 1:40pm
Quoting Teddicus
Feel like I've got the wave count again.... Was confused on a wave within a wave there for a second... couldnt tell which correction we were in...

So all of those that like free money.... Heres the chance.... once again....

Free Money I say, Free Money....

We are longing around here.... (*If you havent already) for the wave 3 up to 142.80.....
Alright Broseph!

I just loaded up dude!

Since you were on the money last night I will take another chance with your Elliot Wave voodoo! LOL

I also got a bullish 5/10 EMA crossover on the 15M.
RSI is above 50 and MACD def. has room to climb.

Also Stochastic is rising and not in overbought territory.
Trade at your own risk.
  • #1,591
  • Mar 5, 2013 1:42pm Mar 5, 2013 1:42pm
See my anaylsis several posts ago... I think it was like saturday (page 97).... has all my charts...

I don't feel like hunting for it right now.
  • #1,592
  • Mar 5, 2013 1:44pm Mar 5, 2013 1:44pm
The overlay corresponds with the overall trend... the fibos were like snap on....
  • #1,593
  • Mar 5, 2013 1:54pm Mar 5, 2013 1:54pm
Quoting whatever007
I go away for half a day and price is exactly where I left it, um, did one of you guys pull the plug on the market or something?
I'm selling and Bob is buying... so the market is deadlocked
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  • #1,594
  • Mar 5, 2013 1:57pm Mar 5, 2013 1:57pm
Support will hold at 140 (61.8 of recent wave 1) ... then things should get interesting
  • #1,595
  • Mar 5, 2013 1:57pm Mar 5, 2013 1:57pm
The D1 may close soon with a bullish EMA crossover on some JPY pairs.

This will be a very bullish sign for me - especially considering that I am a muppet who loves automated trading systems. LOL.
Trade at your own risk.
  • #1,596
  • Mar 5, 2013 1:58pm Mar 5, 2013 1:58pm
I love this:

http://www.forexlive.com/blog/2013/0...n-boj-divided/

Them being "divided" has nothing to do with differing viewpoints regarding inflation. Their only divided on the timeline to get there LOL.
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  • #1,597
  • Mar 5, 2013 2:03pm Mar 5, 2013 2:03pm
WOW - BULLISH DAILY CHART 5/10 EMA CROSSOVER(S) - AUDJPY and NZDJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpydaily.png Size: 62 KB
Click to Enlarge Name: nzdjpydaily.png Size: 55 KB
Trade at your own risk.
  • #1,598
  • Mar 5, 2013 2:04pm Mar 5, 2013 2:04pm
Quoting Geppy
I'm selling and Bob is buying... so the market is deadlocked
Dang, you guys go ahead for those 500 pip trades, I'm just interested in my 1% a day.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,599
  • Mar 5, 2013 2:04pm Mar 5, 2013 2:04pm
Quoting Geppy
I'm selling and Bob is buying... so the market is deadlocked
....
Ghost Rider - WWTBMD?
  • #1,600
  • Mar 5, 2013 2:08pm Mar 5, 2013 2:08pm
Quoting Teddicus
Support will hold at 140 (61.8 of recent wave 1) ... then things should get interesting
Wave 1 with that much overlap, I don't know.
Soar on my wings, you'll touch the hand of God, he'll make you King.
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