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Geppy's Geppy Thread (GBP/JPY)

  • #2,341
  • Mar 14, 2013 3:34am Mar 14, 2013 3:34am
Quoting Geppy
Yep, patience is paying off for the bulls

Not surprising in the least.

We're currently trading above the 61.8% fibo (144.05) from the last drop. I'd like to see a strong close above this zone preferably on a 1h and 4h close. The next target is the 76.4% fibo at 145.53 and that's where my TPs lie.

Alright, time to try and get some sleep.

http://charts.mql5.com/1/148/gbpjpy-...ng-futures.png
agree...i with you mate
  • #2,342
  • Mar 14, 2013 3:47am Mar 14, 2013 3:47am
Gooooooood Morning Folks!!
Ghost Rider - WWTBMD?
  • #2,343
  • Mar 14, 2013 3:55am Mar 14, 2013 3:55am
Quoting albchr
Gooooooood Morning Folks!!
haha, what's up man. I need to get to sleep (had some late paperwork to do), but now I wanna see the 1h close. Then I'm off.
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  • #2,344
  • Mar 14, 2013 4:00am Mar 14, 2013 4:00am
Quoting Geppy
haha, what's up man. I need to get to sleep (had some late paperwork to do), but now I wanna see the 1h close. Then I'm off.
they are selling wernt they supposed ro buy at end of hour?
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #2,345
  • Edited 4:26am Mar 14, 2013 4:00am | Edited 4:26am
Quoting Geppy
haha, what's up man. I need to get to sleep (had some late paperwork to do), but now I wanna see the 1h close. Then I'm off.
Well I am finally. I must have been just exhausted bro. I crashed at 6pm last night!! Slept for almost 10 hours. I normally only need 3.

Get some rest bud, I'll take next watch...LOL

EDIT: It's this 4H that I'll be watching. Third assault on the 61.8 and a close above would be nice. The Yen index is encouraging though. In my opinion, that was a key 4H close. The pound? Well....lol....it's the pound. Best thing about the pound right now is it keeps giving us pullbacks to buy on....LOL
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Ghost Rider - WWTBMD?
  • #2,346
  • Mar 14, 2013 6:00am Mar 14, 2013 6:00am
What a great sight to wake up to plus I had a buy limit get filled at 143.15 ... Cya guys later
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  • #2,347
  • Mar 14, 2013 7:00am Mar 14, 2013 7:00am
I am very much liking what today may bring!
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  • #2,348
  • Mar 14, 2013 7:05am Mar 14, 2013 7:05am
Good sign
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  • #2,349
  • Mar 14, 2013 8:44am Mar 14, 2013 8:44am
Quoting albchr
Good sign
Yep! Things seem to finally be falling into place. We're over the 61.8% fibo and all time frames are looking quite feisty

Hopefully we can keep on truckin' through the rest of today.
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  • #2,350
  • Mar 14, 2013 8:57am Mar 14, 2013 8:57am
Quoting Geppy
Yep! Things seem to finally be falling into place. We're over the 61.8% fibo and all time frames are looking quite feisty

Hopefully we can keep on truckin' through the rest of today.
Daily close at or over 144.75 please...

Then it can drop to test the 61.8% to load more longs...
Ghost Rider - WWTBMD?
  • #2,351
  • Mar 14, 2013 8:59am Mar 14, 2013 8:59am
Quoting albchr
Daily close at or over 144.75 please...

Then it can drop to test the 61.8% to load more longs...
Ugh, yeah that could be nice. But honestly, I'd like to see a continuous chugalug to my TP at 145.50 and then a pullback to maybe 144.75 or thereabouts. It's been one of those patient weeks and I'd like to bank some.
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  • #2,352
  • Mar 14, 2013 9:04am Mar 14, 2013 9:04am
Quoting Geppy
Ugh, yeah that could be nice. But honestly, I'd like to see a continuous chugalug to my TP at 145.50 and then a pullback to maybe 144.75 or thereabouts. It's been one of those patient weeks and I'd like to bank some.
LOL...ok, that'll work. My TP is 145.45 so to have it done today? SWEET!!

But you could cash in a couple of those lower longs (you know, the ones I also had and wish I still did...lol) and still have a few good runners.
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  • #2,353
  • Mar 14, 2013 9:06am Mar 14, 2013 9:06am
Quoting albchr
LOL...ok, that'll work. My TP is 145.45 so to have it done today? SWEET!!

But you could cash in a couple of those lower longs (you know, the ones I also had and wish I still did...lol) and still have a few good runners.
Yes, I could...

We'll see. This PA is acting too beautifully to think about cashing anything out just yet.
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  • #2,354
  • Mar 14, 2013 9:08am Mar 14, 2013 9:08am
Funny how quiet the bears are today
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  • #2,355
  • Mar 14, 2013 9:16am Mar 14, 2013 9:16am
Quoting Geppy
Yes, I could...

We'll see. This PA is acting too beautifully to think about cashing anything out just yet.
Can't argue with that brother. She does have a little wood to chop (144.75/145) to hit our TP but hey, I'm game.


Quoting Geppy
Funny how quiet the bears are today
Hard to talk much with a horn or two up your butt. I'm sure we'll hear more on a pullback though.
Ghost Rider - WWTBMD?
  • #2,356
  • Mar 14, 2013 9:19am Mar 14, 2013 9:19am
Quoting albchr
Can't argue with that brother. She does have a little wood to chop (144.75/145) to hit our TP but hey, I'm game.




Hard to talk much with a horn or two up your butt. I'm sure we'll hear more on a pullback though.
LOL, very true. It seems they always come out with a new EW count on those pullbacks
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  • #2,357
  • Mar 14, 2013 9:25am Mar 14, 2013 9:25am
Quoting Geppy
LOL, very true. It seems they always come out with a new EW count on those pullbacks
To me, EW = Eventually Where???? LOL

I never did understand it myself and don't feel the need to try. Not knocking those it works for though. More power to em if they can make sense of it.
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  • #2,358
  • Mar 14, 2013 9:30am Mar 14, 2013 9:30am
Quoting Geppy
LOL, very true. It seems they always come out with a new EW count on those pullbacks

I am curious about EW. Geppy, what is your take on elliot waves? would they consider this a failure of the EW or would it be that they had the wave count wrong?

From what I read it is essential to have the wave count correct, but it seems pretty convenient at times to say that if it failed, it must have meant the count was wrong... I am not sure.

EDIT: I also feel the need to say that I am not trying to be sarcastic or badgering. I really am just curious. It is easy to misconstrue the written word. I just want to learn.
  • #2,359
  • Mar 14, 2013 9:34am Mar 14, 2013 9:34am
Quoting Oser
I am curious about EW. Geppy, what is your take on elliot waves? would they consider this a failure of the EW or would it be that they had the wave count wrong?

From what I read it is essential to have the wave count correct, but it seems pretty convenient at times to say that if it failed, it must have meant the count was wrong... I am not sure.
To me, EW guys are like economists: ask two of them what the economy will be like in the near future and you'll get five answers.

It works out pretty well for them, because if one prediction turns out to be invalid, there are a bunch of others that ARE valid. That works great in hindsight, but it's absolutely worthless when trying to forecast.

Basically, I don't buy into it at all. I wouldn't ever waste my time.
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  • #2,360
  • Mar 14, 2013 9:39am Mar 14, 2013 9:39am
Quoting Geppy
To me, EW guys are like economists: ask two of them what the economy will be like in the near future and you'll get five answers.

It works out pretty well for them, because if one prediction turns out to be invalid, there are a bunch of others that ARE valid. That works great in hindsight, but it's absolutely worthless when trying to forecast.

Basically, I don't buy into it at all. I wouldn't ever waste my time.
Precisely!
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