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Geppy's Geppy Thread (GBP/JPY)

  • #1,781
  • Mar 7, 2013 8:09am Mar 7, 2013 8:09am
Quoting pkimnyc
wanna see my losing trade?
We all have losses, 2 days ago I setup Oanda MT4 and my first 4 trades went bad, I lost 2.5% of my trading account balance but with this GJ surprise my account balance is now + 3%
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,782
  • Mar 7, 2013 8:22am Mar 7, 2013 8:22am
It's quieter in here than I'd expect it to be now that we've finally got a good move in the beast.

I think a lot of people started second guessing their longs last night and got out or even start shorting. Patience can be a hard nut to crack in this game!
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  • #1,783
  • Mar 7, 2013 8:28am Mar 7, 2013 8:28am
Quoting Geppy
It's quieter in here than I'd expect it to be now that we've finally got a good move in the beast.

I think a lot of people started second guessing their longs last night and got out or even start shorting. Patience can be a hard nut to crack in this game!

Patience is key brother You know me just sitting on these babies until they hatch, might have to wait until next year
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  • #1,784
  • Mar 7, 2013 8:31am Mar 7, 2013 8:31am
Alright, enough of this monkey business... I'm out a bit before my target. She may still run up, and I hope she does for any of you still long. But I've got enough pips on the table that it's time to clear them off and start over again.

On the sidelines for now...
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  • #1,785
  • Mar 7, 2013 8:33am Mar 7, 2013 8:33am
Quoting BobGnarly
Patience is key brother You know me just sitting on these babies until they hatch, might have to wait until next year
Trust me, bro... I respect that. Last year I had some epic trades in EUR/GBP and EUR/AUD where I was just holding for months and pyramiding. Those pairs tend to trend a lot cleaner though. With the violent moves we get in geppy, I can't resist trading in and out.
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  • #1,786
  • Mar 7, 2013 8:36am Mar 7, 2013 8:36am
Quoting KillerWhale
We all have losses, 2 days ago I setup Oanda MT4 and my first 4 trades went bad, I lost 2.5% of my trading account balance but with this GJ surprise my account balance is now + 3%
yea, i hear you buddy. seeing red in account when just starting out is a bitch. glad to see it turned green. congrats.
  • #1,787
  • Mar 7, 2013 8:43am Mar 7, 2013 8:43am
I couldn't resist...
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  • #1,788
  • Mar 7, 2013 8:43am Mar 7, 2013 8:43am
Quoting Geppy
Nice PK! Good to see you here, bro.
thanks for the welcome bro.
  • #1,789
  • Mar 7, 2013 8:55am Mar 7, 2013 8:55am
Quoting pkimnyc
yea, i hear you buddy. seeing red in account when just starting out is a bitch. glad to see it turned green. congrats.
We all need a little luck besides our trading experience right?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,790
  • Mar 7, 2013 8:57am Mar 7, 2013 8:57am
Quoting albchr
Ok, got my 25% back

Time to scalp this range to death until she decides a direction.
Ok...where's the "kick myself in the ass" icon??

Congrats to all of you who, unlike me, stuck with your longs....

I made back the 25% but could have had some more. Two bad choices this week (little kick my own ass icon here) lol
Ghost Rider - WWTBMD?
  • #1,791
  • Mar 7, 2013 8:58am Mar 7, 2013 8:58am
Quoting KillerWhale
We all need a little luck besides our trading experience right?
And looking at the clock, the dow jones and such, yes I would say we have seen the high for today.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,792
  • Mar 7, 2013 9:01am Mar 7, 2013 9:01am
Quoting albchr
Ok...where's the "kick myself in the ass" icon??

Congrats to all of you who, unlike me, stuck with your longs....

I made back the 25% but could have had some more. Two bad choices this week (little kick my own ass icon here) lol
Yeah dude, that's the thing about scalping ranges... you never know when the range is going to break.

I often kick myself for not taking profit and buying back when things are ranging, but then I remind myself that you just never know.

It happens, we learn from it, we become better traders.
check out my blog: forexmademillionaire dot com
  • #1,793
  • Mar 7, 2013 9:04am Mar 7, 2013 9:04am
And Indian rupees, I'm always short there because of the high interest it pays, but now I'm even positive in pips
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,794
  • Mar 7, 2013 9:07am Mar 7, 2013 9:07am
Quoting Geppy
Yeah dude, that's the thing about scalping ranges... you never know when the range is going to break.

I often kick myself for not taking profit and buying back when things are ranging, but then I remind myself that you just never know.

It happens, we learn from it, we become better traders.
Funny thing is, I never got a scalp in. I booked my profit to recover that 25% and it never really looked back enough for any signs. LOL

No doubt I'm having a hard time adjusting to the larger time frames and the holding needed. But I'll get there at some point.
Ghost Rider - WWTBMD?
  • #1,795
  • Mar 7, 2013 9:08am Mar 7, 2013 9:08am
I wonder if I should short GJ now, just thinking about it.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,796
  • Mar 7, 2013 9:18am Mar 7, 2013 9:18am
Quoting KillerWhale
I wonder if I should short GJ now, just thinking about it.
As am I, I'd like to wait to get in a higher price though, on or around the .50 level. Being anal with entrys has its downsides at times as they sometimes never get hit..

Short term direction is still up though.....
  • #1,797
  • Mar 7, 2013 9:26am Mar 7, 2013 9:26am
Added some to my small long at 15... Just keep buying and buying USD
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  • #1,798
  • Mar 7, 2013 9:36am Mar 7, 2013 9:36am
Quoting KillerWhale
I wonder if I should short GJ now, just thinking about it.
I took a couple more, but I'm keeping a VERY close eye on it.
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  • #1,799
  • Mar 7, 2013 9:50am Mar 7, 2013 9:50am
Quoting Geppy
I took a couple more, but I'm keeping a VERY close eye on it.
Me as well.
Ghost Rider - WWTBMD?
  • #1,800
  • Mar 7, 2013 10:10am Mar 7, 2013 10:10am
UJ just broke 77 watch out
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