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Geppy's Geppy Thread (GBP/JPY)

  • #2,381
  • Mar 14, 2013 9:14am Mar 14, 2013 9:14am
Quoting BobGnarly
hmmm got 743 here
144.692 high on mine last 4H. But this hour may do it!
Ghost Rider - WWTBMD?
  • #2,382
  • Mar 14, 2013 9:16am Mar 14, 2013 9:16am
Quoting Geppy
I was considering the exact same thing! However, I do have quite a full boat right now. So at a very minimum I'm going to cut some. If MBT would give me more margin as positions moved in my direction, I'd probably just hold. But they don't.

After May is done, I may consider experimenting with a different broker for that purpose.

So if MBT would give you more margin, Gep, would you just buy the pullbacks?

I am asking because my broker allows increased margin and wondering if I should do just that myself....
  • #2,383
  • Mar 14, 2013 9:18am Mar 14, 2013 9:18am
Well no debating any more
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  • #2,384
  • Mar 14, 2013 9:26am Mar 14, 2013 9:26am
Quoting Oser
So if MBT would give you more margin, Gep, would you just buy the pullbacks?

I am asking because my broker allows increased margin and wondering if I should do just that myself....
That's usually how I prefer to trade while moving a SL more and more into the money as she goes (but giving plenty of breathing room). It's all personal preference and you'll need to find what works for you.
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  • #2,385
  • Mar 14, 2013 9:26am Mar 14, 2013 9:26am
Quoting BobGnarly
Well no debating any more
Yeah, I was just gonna say that...

Alright guys, I'm out for a bit but I'll check back in before NY close.
check out my blog: forexmademillionaire dot com
  • #2,386
  • Mar 14, 2013 9:28am Mar 14, 2013 9:28am
Quoting Geppy
Yeah, I was just gonna say that...

Alright guys, I'm out for a bit but I'll check back in before NY close.
Later bro
Ghost Rider - WWTBMD?
  • #2,387
  • Mar 14, 2013 9:30am Mar 14, 2013 9:30am
Quoting albchr
144.692 high on mine last 4H. But this hour may do it!
Oanda fxtrade was 144.83750!
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #2,388
  • Mar 14, 2013 9:34am Mar 14, 2013 9:34am
Quoting Geppy
Yeah, I was just gonna say that...

Alright guys, I'm out for a bit but I'll check back in before NY close.
144.83650 fxtrade feed...
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #2,389
  • Mar 14, 2013 9:34am Mar 14, 2013 9:34am
Quoting fxrustyspoon
Oanda fxtrade was 144.83750!
Bid or Ask?
Ghost Rider - WWTBMD?
  • #2,390
  • Mar 14, 2013 10:36am Mar 14, 2013 10:36am
Price is flirting with breaking that 3/7 candle!
  • #2,391
  • Mar 14, 2013 10:42am Mar 14, 2013 10:42am
Also appears that there is some usd/jpy divergence in price action - so is this all pound strength that is buying a *weakened* yen? Imagine what will happen when the pound is strong at a time when the yen really gives way...
  • #2,392
  • Mar 14, 2013 10:45am Mar 14, 2013 10:45am
Quoting Oser
Price is flirting with breaking that 3/7 candle!
That's exactly what I'm hoping to see here....

Quoting albchr
Daily close at or over 144.75 please...

Then it can drop to test the 61.8% to load more longs...
Ghost Rider - WWTBMD?
  • #2,393
  • Edited 11:18am Mar 14, 2013 10:48am | Edited 11:18am
Quoting Geppy
Funny how quiet the bears are today
I was not bullish or bearish on this pair. I just wasn't attracted to it any longer for the time being.

I have been more interested in GBP/SEK.
It has moved about 2,700 pips in a little over 24 hours.

It's been a nice ride.

In any event, I'm glad your patience finally paid off.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPSEKM15.png Size: 64 KB
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  • #2,394
  • Mar 14, 2013 10:51am Mar 14, 2013 10:51am
Quoting BobGnarly
A break here above 73 will take us to 94 and then 145

As stated earlier. Wouldn't be surprised to see 145.886 by the end of tomorrow
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  • #2,395
  • Mar 14, 2013 10:52am Mar 14, 2013 10:52am
Quoting Oser
Also appears that there is some usd/jpy divergence in price action - so is this all pound strength that is buying a *weakened* yen? Imagine what will happen when the pound is strong at a time when the yen really gives way...
Pretty much.

LOL... been imagining/wanting that for weeks now. When/if it happens, then you'll see the Dragon really fly!
Ghost Rider - WWTBMD?
  • #2,396
  • Mar 14, 2013 10:54am Mar 14, 2013 10:54am
Quoting BobGnarly
As stated earlier. Wouldn't be surprised to see 145.886 by the end of tomorrow
I've moved one of my TP's to 145.80. Left the other at 145.45 ...
Ghost Rider - WWTBMD?
  • #2,397
  • Mar 14, 2013 10:59am Mar 14, 2013 10:59am
Quoting Fx3423454
I was not bullish or bearish on this pair. I just wasn't attracted to it any longer for the time being.

I have been more interested in GBP/SEK.
It has moved about 2,700 pips in a little over 24 hours.

It's been a nice ride.

In any event, I'm glad your patience finally paid off a little.
I don't see any buy orders on that chart. But I suppose you got in and rode the whole way with a massive position huh?

I suppose if you did, a GBP/SEK thread might be a better place to post that.
Ghost Rider - WWTBMD?
  • #2,398
  • Mar 14, 2013 11:20am Mar 14, 2013 11:20am
Quoting albchr
I don't see any buy orders on that chart. But I suppose you got in and rode the whole way with a massive position huh?

I suppose if you did, a GBP/SEK thread might be a better place to post that.
Of course, dude. Every pip bagged!
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  • #2,399
  • Mar 14, 2013 11:20am Mar 14, 2013 11:20am
Quoting albchr
I don't see any buy orders on that chart. But I suppose you got in and rode the whole way with a massive position huh?

I suppose if you did, a GBP/SEK thread might be a better place to post that.
I don't use MT4 to make my orders. I use FXCM TSII. I just prefer MT4 for the charting.

I thought you blocked me dude, I was actually a bit happy that you "said" you did.
Trade at your own risk.
  • #2,400
  • Mar 14, 2013 11:22am Mar 14, 2013 11:22am
Quoting Geppy
Of course, dude. Every pip bagged!
I never said that I "bagged" every pip.

Anyway, ladies I said I was happy for you so you can be happy too.
I only posted it in response to your comments.

It also happens to involve GBP.

Anyway, I'm happy for anyone who is succeeding not just myself.

Cowabunga
Trade at your own risk.
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