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Geppy's Geppy Thread (GBP/JPY)

  • #1,601
  • Mar 5, 2013 4:09pm Mar 5, 2013 4:09pm
Quoting Geppy
I'm selling and Bob is buying... so the market is deadlocked

Hahahahha Yes me and gep have the money flow to gridlock the forex markets


But anyway a bullish close in my opinion, tried many times to get below the 90 level today and buyers stepped right in. A lot of big economic factors this week and everyone is waiting for that...

But im a perma-bull till 160
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  • #1,602
  • Mar 5, 2013 4:10pm Mar 5, 2013 4:10pm
Quoting whatever007
Dang, you guys go ahead for those 500 pip trades, I'm just interested in my 1% a day.

1900 pips is my TP
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  • #1,603
  • Mar 5, 2013 4:14pm Mar 5, 2013 4:14pm
Quoting BobGnarly
1900 pips is my TP
And it should be. If this correction is over then we get 160 is no problem. 170 based on fibo levels on the monthly.
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  • #1,604
  • Mar 5, 2013 4:17pm Mar 5, 2013 4:17pm
Quoting whatever007
And it should be. If this correction is over then we get 160 is no problem. 170 based on fibo levels on the monthly.
mmmm, what I wouldn't give for a nice, prolonged trend
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  • #1,605
  • Mar 5, 2013 4:18pm Mar 5, 2013 4:18pm
If this baby pops a hair above 141.437 watch out.....
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  • #1,606
  • Mar 5, 2013 4:26pm Mar 5, 2013 4:26pm
Quoting Geppy
mmmm, what I wouldn't give for a nice, prolonged trend
Been there done that, we had our chance.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,607
  • Mar 5, 2013 4:35pm Mar 5, 2013 4:35pm
I am waiting for the 7:30 GDP data to come out for Aussie and if it's good I am going long Aussie and/or Kiwi at least for now.

I might ride it out for awhile, daily interest is an incentive too.

I might hop on the GJ train once we have a bullish signal on the Daily.
Trade at your own risk.
  • #1,608
  • Mar 5, 2013 4:35pm Mar 5, 2013 4:35pm
Quoting BobGnarly
If this baby pops a hair above 141.437 watch out.....
I'm with ya there Bob. Next stop 142.50?
  • #1,609
  • Mar 5, 2013 4:37pm Mar 5, 2013 4:37pm
Quoting forextine
I'm with ya there Bob. Next stop 142.50?
Doesn't look like it so far
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  • #1,610
  • Mar 5, 2013 4:38pm Mar 5, 2013 4:38pm
As we can see hr. 1 Bullish, hr. 4 Bearish and Daily again Bullish!!!
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  • #1,611
  • Mar 5, 2013 4:46pm Mar 5, 2013 4:46pm
Quoting whatever007
Been there done that, we had our chance.
Yes, true... there's only one chance for all FX moves. Trends only come once in a life-time.
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  • #1,612
  • Mar 5, 2013 4:49pm Mar 5, 2013 4:49pm
Quoting Geppy
Yes, true... there's only one chance for all FX moves. Trends only come once in a life-time.
okay okay

I don't think we are there yet.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,613
  • Mar 5, 2013 5:02pm Mar 5, 2013 5:02pm
I'm about to drop a bomb on NZDJPY in about an hour and a half.
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  • #1,614
  • Mar 5, 2013 5:05pm Mar 5, 2013 5:05pm
Quoting whatever007
okay okay

I don't think we are there yet.
I'm not sure I understand your posts.

meh.
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  • #1,615
  • Mar 5, 2013 5:11pm Mar 5, 2013 5:11pm
Quoting Fx3423454
I'm about to drop a bomb on NZDJPY in about an hour and a half.
Actually, after thinking about this more ---

I am coming around --- we are about to see a Bullish 5/10 EMA Crossover soon on the Daily chart for GJ as well and she has a lot of room to run.

The last resistance area was 148 and we are at 141 now.

That's like 700 pips.

Whereas, Kiwi and Aussie are only a couple hundred pips from their highs.
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  • #1,616
  • Mar 5, 2013 5:14pm Mar 5, 2013 5:14pm
Quoting Fx3423454
Actually, after thinking about this more ---

I am coming around --- we are about to see a Bullish 5/10 EMA Crossover soon on GJ as well and she has a lot of room to run.

The last resistance area was 148 and we are at 141 now.

That's like 700 pips.

Whereas, Kiwi and Aussie are only a couple hundred pips from their highs.
Yep. And when the beast gets moving, she's hard to stop. Those 700 hundred pips can happen before you know it.

The best plan is to always be flexible with your bias. Right now, it seems like the thread is biased and positioned for more upside. But that could change tonight, tomorrow, etc.
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  • #1,617
  • Mar 5, 2013 5:22pm Mar 5, 2013 5:22pm
Just more fuel for the fire...
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  • #1,618
  • Mar 5, 2013 5:24pm Mar 5, 2013 5:24pm
Quoting Geppy
Yep. And when the beast gets moving, she's hard to stop. Those 700 hundred pips can happen before you know it.

The best plan is to always be flexible with your bias. Right now, it seems like the thread is biased and positioned for more upside. But that could change tonight, tomorrow, etc.
This is tough because it looks like we might get that crossover this week not only for GJ but also EJ.

I got an itchy trigger finger right now. LOL.

Also if we get good news out tonight for AUD there will be a little spike.

Question: Does anyone know how Non-Farm Payroll affect the beast?

Basically, my question is if good news comes out for Non Farm Payroll is their usually an immediate rally for GJ?
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  • #1,619
  • Mar 5, 2013 5:31pm Mar 5, 2013 5:31pm
Quoting Fx3423454

Basically, my question is if good news comes out for Non Farm Payroll is their usually an immediate rally for GJ?
This is always a common question/topic, although this thread was just in its infancy during the last NFP.

Keep in mind, NFP is a U.S. based number. That means, its effect is largely felt on USD based pairs: EUR/USD, USD/JPY, GBP/USD... you get the point.

So what happens if there's a good NFP number and the USD rallies? Well, GBP/USD would drop while USD/JPY would rise. The result is a "tug-of-war" in GBP/JPY that generally cancels out any violent moves.

Because of this, I generally don't worry about holding my positions in crosses like GBP/JPY through numbers like NFP.

I hope that makes sense, and I welcome any differing opinions/views.
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  • #1,620
  • Mar 5, 2013 5:32pm Mar 5, 2013 5:32pm
Quoting Fx3423454
This is tough because it looks like we might get that crossover this week not only for GJ but also EJ.

I got an itchy trigger finger right now. LOL.

Also if we get good news out tonight for AUD there will be a little spike.

Question: Does anyone know how Non-Farm Payroll affect the beast?

Basically, my question is if good news comes out for Non Farm Payroll is their usually an immediate rally for GJ?

UJ would get a nice spike and a weaker yen will pull the other crosses up with UJ
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