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Geppy's Geppy Thread (GBP/JPY)

  • #2,301
  • Mar 13, 2013 11:20am Mar 13, 2013 11:20am
Quoting M15
Why this irony? I know that longterm trend is strong bullish but meanwhile you can also make money on short schort scalps.
I don't know how bullish this trend is right now - there are loads of bearish signs.

I wouldn't get involved right now, too many mixed messages on this pair.

There are many, many bearish signs but the bulls don't want to let go.

I wouldn't be surprised to see this thing drop to 140.50.
Trade at your own risk.
  • #2,302
  • Mar 13, 2013 11:23am Mar 13, 2013 11:23am
Quoting Geppy
Again, thanks. I wasn't aware of that.
Again, why this irony? I didn't mean anything bad. I don't want to argue.
Cheers
  • #2,303
  • Mar 13, 2013 11:24am Mar 13, 2013 11:24am
Quoting Fx3423454
I don't know how bullish this trend is right now - there are loads of bearish signs.

I wouldn't get involved right now, too many mixed messages on this pair.

There are many, many bearish signs but the bulls don't want to let go.

I wouldn't be surprised to see this thing drop to 140.50.
Care to post a chart or any sort of evidence to support these "bearish signs"?
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  • #2,304
  • Mar 13, 2013 11:34am Mar 13, 2013 11:34am
GBP/JPY has been bouncing around the 142.901 line the past day and a bit. It has moved away from it a bit today and is slowly moving towards it again. If price bounces off of it, it should be a fairly good long entry confirmation.

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  • #2,305
  • Mar 13, 2013 12:17pm Mar 13, 2013 12:17pm
come on..break upper...come on
  • #2,306
  • Mar 13, 2013 12:22pm Mar 13, 2013 12:22pm
Quoting akumelayu
come on..break upper...come on
lol, lookin' good so far... the next 24 hours should be good.
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  • #2,307
  • Mar 13, 2013 12:23pm Mar 13, 2013 12:23pm
Quoting Geppy
lol, lookin' good so far... the next 24 hours should be good.
i hope that
  • #2,308
  • Mar 13, 2013 12:27pm Mar 13, 2013 12:27pm
Quoting Geppy
Care to post a chart or any sort of evidence to support these "bearish signs"?
http://etfdailynews.com/2013/02/20/i...ing-trust-fxb/

http://countingpips.com/2013/03/cot-...november-2011/
Trade at your own risk.
  • #2,309
  • Mar 13, 2013 12:42pm Mar 13, 2013 12:42pm
Quoting Fx3423454
http://etfdailynews.com/2013/02/20/i...ing-trust-fxb/

http://countingpips.com/2013/03/cot-...november-2011/
So a speculative article about what Soros might do and analysis of the COT report. Those are your bunch of bearish signals for Geppy?

You do realize that both of those are easily cancelled out (and then some) by what's going on with the Yen.
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  • #2,310
  • Mar 13, 2013 12:49pm Mar 13, 2013 12:49pm
Quoting Geppy
That's what happens when you trade against the trend. Why pick up pennies in front of a bulldozer?
I'm mostly a daytrader Gep. I'll pick up pennies wherever they are. We had a nice pinbar on Friday which was ripe for a pullback.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #2,311
  • Mar 13, 2013 12:51pm Mar 13, 2013 12:51pm
Quoting whatever007
I'm mostly a daytrader Gep. I'll pick up pennies wherever they are. We had a nice pinbar on Friday which was ripe for a pullback.
That said that trade is most likely over.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #2,312
  • Mar 13, 2013 12:53pm Mar 13, 2013 12:53pm
Quoting whatever007
I'm mostly a daytrader Gep. I'll pick up pennies wherever they are. We had a nice pinbar on Friday which was ripe for a pullback.
Not me.

Picking up pennies is like eating celery.
check out my blog: forexmademillionaire dot com
  • #2,313
  • Mar 13, 2013 1:02pm Mar 13, 2013 1:02pm
Quoting Geppy
Not me.

Picking up pennies is like eating celery.
Eating celery is good for you.

Plus 5% halfway through the week when the market has gone nowhere. No complaints.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #2,314
  • Mar 13, 2013 1:05pm Mar 13, 2013 1:05pm
Quoting whatever007
Eating celery is good for you.

Plus 5% halfway through the week when the market has gone nowhere. No complaints.
Seriously?

You do know that celery has negative nutritional value. It literally takes more energy to eat it than it can provide your body.

That's my point. I love how I have to spell it out lol.
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  • #2,315
  • Mar 13, 2013 1:19pm Mar 13, 2013 1:19pm
Quoting Geppy
Seriously?

You do know that celery has negative nutritional value. It literally takes more energy to eat it than it can provide your body.

That's my point. I love how I have to spell it out lol.
You're an idiot. Now that we're talking about the nutritional value of celery, it is a great source of vitamin A and K and good for your digestive health among other things.

Regardless, my bad. I forgot I was talking to Warren fucking Buffet and that you know everything that there is to about trading. Can you spare me a penny?
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #2,316
  • Mar 13, 2013 1:30pm Mar 13, 2013 1:30pm
Quoting whatever007
You're an idiot. Now that we're talking about the nutritional value of celery, it is a great source of vitamin A and K and good for your digestive health among other things.

Regardless, my bad. I forgot I was talking to Warren fucking Buffet and that you know everything that there is to about trading. Can you spare me a penny?
nuked.
check out my blog: forexmademillionaire dot com
  • #2,317
  • Mar 13, 2013 1:40pm Mar 13, 2013 1:40pm
Quoting Geppy
The beast is on clearance and I'm buying!

I'm kicking myself for releasing my longs yesterday too, Killer.
Geppy's enduring drawdown. That's why he's acting a bit sharp. I'd post a chart of the rejection of the 61.8% retracement of the bearish engulfing monthly candle and the fact we are still down on the week and within the range of last week but I can't be bothered.
Gone to a better place
  • #2,318
  • Mar 13, 2013 1:44pm Mar 13, 2013 1:44pm
Quoting smikester
Geppy's enduring drawdown. That's why he's acting a bit sharp. I'd post a chart of the rejection of the 61.8% retracement of the bearish engulfing monthly candle and the fact we are still down on the week and within the range of last week but I can't be bothered.
lol, I'm definitely not in drawdown right now. My break-even point is 143.21

But nice try.
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  • #2,319
  • Mar 13, 2013 2:14pm Mar 13, 2013 2:14pm
My. My.

It seems that the tone of this thread has certainly diminished. I have enjoyed, for the most part, what this thread has been about and some of the insightful analysis - so, if at all possible, can be please get back to that?

Geppy, my BE is at the same spot! Certainly a frustrating ranging day, just as it was last week.

For perspective, read back at your first post. Where was price then? I found it pretty ironic.

And for the monthly and weekly candle comment earlier. With all respect and humility, as I am new, since it is only Wednesday and the 13th of March, isn't it a little early to call it this way?



  • #2,320
  • Mar 13, 2013 2:27pm Mar 13, 2013 2:27pm
Anyone else looking to get in Long?

http://i.imgur.com/Qt8wTkv.png


Ill be keeping a close eye on 30m & 1H to see how it reacts to the trend line
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