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Geppy's Geppy Thread (GBP/JPY)

  • #2,041
  • Mar 8, 2013 2:41pm Mar 8, 2013 2:41pm
Quoting albchr
On your brokers time maybe. Last one for me closed just 38 minutes ago and looks like SHIT for my longs....
ahh you're right. My last one closed at noon your time and the next is closing in 20 min, so it's a rad looking hammer.
check out my blog: forexmademillionaire dot com
  • #2,042
  • Mar 8, 2013 2:45pm Mar 8, 2013 2:45pm
Quoting Geppy
ahh you're right. My last one closed at noon your time and the next is closing in 20 min, so it's a rad looking hammer.
Yup, I aint worried. At least it closed over the 50% so it's all good. My broker closes in 15 minutes so I'm pretty much done for the week.
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Ghost Rider - WWTBMD?
  • #2,043
  • Mar 8, 2013 3:01pm Mar 8, 2013 3:01pm
Quoting albchr
Yup, I aint worried. At least it closed over the 50% so it's all good. My broker closes in 15 minutes so I'm pretty much done for the week.
Good stuff, man. I've got a feeling next week is gonna be awesome!
check out my blog: forexmademillionaire dot com
  • #2,044
  • Mar 8, 2013 3:10pm Mar 8, 2013 3:10pm
Quoting Geppy
Good stuff, man. I've got a feeling next week is gonna be awesome!
Yeah I see some pullback (buying oppertunity) possible during next week but you gotta LOVE this weeks close at 143.335.

Back to the trend me thinks.
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Ghost Rider - WWTBMD?
  • #2,045
  • Mar 8, 2013 3:20pm Mar 8, 2013 3:20pm
Quoting albchr
Hey folks I'm back. Short visit today as she didn't have much energy today.

So it looks like it reached my thinking of 142.90ish + a little. Very cool for a little more discount buying

It also seems the tone in here by a few (you know who you are) is rather negative lately. That's too bad because Geppy has a really nice thread going here and up until recently, we've had a good time sharing thoughts, trading methods, charts and some laughs win or loose while NOT judging others and how they trade. I respect Geppy, this thread and those...
nice one al,I was going to abandon the thread due to immature behaviour
well written,great thread lets not ruin it with this tit for tat sh1t
  • #2,046
  • Mar 8, 2013 3:33pm Mar 8, 2013 3:33pm
Quoting Tedge UK
nice one al,I was going to abandon the thread due to immature behaviour
well written,great thread lets not ruin it with this tit for tat sh1t


Have a great weekend everyone.

As Bob would say, Long and STRONG! (he better be right)
Ghost Rider - WWTBMD?
  • #2,047
  • Mar 8, 2013 3:33pm Mar 8, 2013 3:33pm
Quoting Geppy
Well said, man. I appreciate it. But it's NOT my thread... I simply started it. However, I will regulate it to an extent. If someone is causing issues, I'll give them the boot. If the thread gets out of hand in general, I'll probably just stop posting and leave.

The quality has definitely degraded here this week. The last thing I want is this thread turning into the EUR/USD one.
great thread here Geppy,why is it there is always on FF some twat that wants to cause shit.....don't get it myself...carnt be doing with negs
  • #2,048
  • Mar 8, 2013 3:34pm Mar 8, 2013 3:34pm
Friends. This is how it looks at the end of the day Friday. Can you please tell me what can be done next week on basis of this fibs please?
Newbie here!
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  • #2,049
  • Mar 8, 2013 3:48pm Mar 8, 2013 3:48pm
Quoting behman8850
Friends. This is how it looks at the end of the day Friday. Can you please tell me what can be done next week on basis of this fibs please?
Newbie here!
148.
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  • #2,050
  • Mar 8, 2013 3:54pm Mar 8, 2013 3:54pm
Quoting behman8850
Friends. This is how it looks at the end of the day Friday. Can you please tell me what can be done next week on basis of this fibs please?
Newbie here!
Hey behman8850,

Of course nobody can "predict" (Except maybe BOB...lol)what will happen next week but take a look at the same fibs you have, on my 4H chart above.

Quoting albchr
Yup, I aint worried. At least it closed over the 50% so it's all good. My broker closes in 15 minutes so I'm pretty much done for the week.
Now take a look at this weekly. Again, I can't "predict" but for me, the 140 area is the pivot as you can see by the arrows here. Above that, I'm buying dips. Below it, I'm selling rallies. To be on the safe side (especially on this beast), figure 50 pips either side of 140. So buy above 140.500 and sell below 139.500.

And keep in mind we call this the Dragon/Beast for a reason. It can make 100 to 300 pip moves in a day so don't think you can use 20/30 pips SL's on her. She'll eat them up quickly a lot of times. Trade a demo on her especially if you're new to trading.

Hope it helps.
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Ghost Rider - WWTBMD?
  • #2,051
  • Mar 8, 2013 3:56pm Mar 8, 2013 3:56pm
Quoting BobGnarly
148.
Shit! Why didn't I think of saying it that easily? .. lol
Ghost Rider - WWTBMD?
  • #2,052
  • Mar 8, 2013 4:11pm Mar 8, 2013 4:11pm
Quoting behman8850
Friends. This is how it looks at the end of the day Friday. Can you please tell me what can be done next week on basis of this fibs please?
Newbie here!
For a newbie that's a nice clean Fibonacci retracement. I also wouldn't be surprised if GBY/JPY made a small dip below the 50% level on the Asian session before moving back up again. Or if it does drop below the 50% level maybe put in a buy stop a just above 143.00 (say 143.15) with an appropriate stop. 142.50 (one quarter so to speak) may also act as a psychological support before GBP/JPY moves up again?
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Pity the fool who thinks they'll make it overnight...
  • #2,053
  • Mar 8, 2013 4:23pm Mar 8, 2013 4:23pm
Quoting albchr
Shit! Why didn't I think of saying it that easily? .. lol


Did you see the new cot report? The amount short yen is insane some big buying before close as well. I was in that crowd
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  • #2,054
  • Mar 8, 2013 4:50pm Mar 8, 2013 4:50pm
Quoting BobGnarly


Did you see the new cot report? The amount short yen is insane some big buying before close as well. I was in that crowd
I haven't seen it, but assuming it's really extreme... doesn't worry you at all?
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  • #2,055
  • Mar 8, 2013 4:53pm Mar 8, 2013 4:53pm
Quoting BobGnarly


Did you see the new cot report? The amount short yen is insane some big buying before close as well. I was in that crowd
No I haven't. But that would worry me I think. Does it include large banks and institutions? If so, they've been driving it down, now the retailers are in the short side and BAM! They'll drive it back up....LOL

I'm telling ya the index looks ready (or is at least at a good point) to pop long on yen.
Ghost Rider - WWTBMD?
  • #2,056
  • Mar 8, 2013 4:55pm Mar 8, 2013 4:55pm
Quoting behman8850
Friends. This is how it looks at the end of the day Friday. Can you please tell me what can be done next week on basis of this fibs please?
Newbie here!
Looks like a hotdog chart lol.
  • #2,057
  • Mar 8, 2013 4:56pm Mar 8, 2013 4:56pm
Quoting BobGnarly
148.
thanks buddy! LOl
  • #2,058
  • Mar 8, 2013 5:02pm Mar 8, 2013 5:02pm
Quoting albchr
Hey behman8850,

Of course nobody can "predict" (Except maybe BOB...lol)what will happen next week but take a look at the same fibs you have, on my 4H chart above.



Now take a look at this weekly. Again, I can't "predict" but for me, the 140 area is the pivot as you can see by the arrows here. Above that, I'm buying dips. Below it, I'm selling rallies. To be on the safe side (especially on this beast), figure 50 pips either side of 140. So buy above 140.500 and sell below 139.500.

And keep in mind we call this the Dragon/Beast...
Thanks a lot Buddy and may god bless your mom! Good Luck!
  • #2,059
  • Mar 8, 2013 5:09pm Mar 8, 2013 5:09pm
Quoting deanbo
For a newbie that's a nice clean Fibonacci retracement. I also wouldn't be surprised if GBY/JPY made a small dip below the 50% level on the Asian session before moving back up again. Or if it does drop below the 50% level maybe put in a buy stop a just above 143.00 (say 143.15) with an appropriate stop. 142.50 (one quarter so to speak) may also act as a psychological support before GBP/JPY moves up again?
Thanks a million for your fine analysis on your fibs on hr. 4 chart. Will act as you advised.
Bomi
  • #2,060
  • Mar 8, 2013 6:00pm Mar 8, 2013 6:00pm
The beast ran up about 130 pips from London open until right after the NFP announcement.

If you had sold right then you would have bagged the most pips.

Then after the subsequent drop you could load back up at a big discount.

I guess they don't call her the beast for nothing. haha

But, actually CAD/JPY was the winner of the day running up about 170 pips.
Trade at your own risk.
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