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Geppy's Geppy Thread (GBP/JPY)

  • #2,421
  • Mar 14, 2013 3:06pm Mar 14, 2013 3:06pm
Quoting Geppy
I'm not closing yet

Nice Geppy!
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  • #2,422
  • Mar 14, 2013 3:08pm Mar 14, 2013 3:08pm
Quoting Geppy
I'm not closing yet
Holy blankety blank!! That's awsome bro!

If I could scale in as many positions as you I'd probably think the same. If this little test of mine pans out and I reach my goal by mid summer, I'm seriously considering selling everything to fund a "real" size account.

This would have to fade a long way for you reach BE. 143.21ish if I remember right?
Ghost Rider - WWTBMD?
  • #2,423
  • Mar 14, 2013 3:11pm Mar 14, 2013 3:11pm
Quoting Oser
Nice Geppy!
Also very impressive!!
Ghost Rider - WWTBMD?
  • #2,424
  • Mar 14, 2013 3:12pm Mar 14, 2013 3:12pm
Quoting albchr
Also very impressive!!
Geppy's is bigger!

  • #2,425
  • Mar 14, 2013 3:14pm Mar 14, 2013 3:14pm
Quoting albchr

This would have to fade a long way for you reach BE. 143.21ish if I remember right?
Spot on, sir. Good memory.
check out my blog: forexmademillionaire dot com
  • #2,426
  • Mar 14, 2013 3:19pm Mar 14, 2013 3:19pm
Does anyone know of any news announcements coming up which may impact this pair? So I don't have to ask and bug you all, besides FF homepage, what are your sources for news?
  • #2,427
  • Mar 14, 2013 3:28pm Mar 14, 2013 3:28pm
Quoting Oser
Does anyone know of any news announcements coming up which may impact this pair? So I don't have to ask and bug you all, besides FF homepage, what are your sources for news?
I honestly don't pay much attention to news other than what's on FF to let me know when things might get crazy for a bit. Since I really don't understand fundamentals and how they impact the market overall, it's more a source of confusion for me.
Ghost Rider - WWTBMD?
  • #2,428
  • Mar 14, 2013 3:32pm Mar 14, 2013 3:32pm
Quoting albchr
I honestly don't pay much attention to news other than what's on FF to let me know when things might get crazy for a bit. Since I really don't understand fundamentals and how they impact the market overall, it's more a source of confusion for me.
Ahhh, so I'm NOT the only one with this understanding.
  • #2,429
  • Mar 14, 2013 3:45pm Mar 14, 2013 3:45pm
Quoting Oser
Ahhh, so I'm NOT the only one with this understanding.
Well, I've only been actively trading for about a year and a half now. When I started I learned there were two ways to trade. Technicals and fundies. (Actually a combo of both is probably best). Since my study time was very limted, I chose technicals because even in a stable world market, I believe it takes many years of market experience to learn fundies to an advantageous extent. Technicals are much easier and faster for me.

I'm picking up bits and pieces here and there but I'm finding just reading the charts works best for me. Especially since I honestly don't think "most" of what we get in news can be trusted anyway.
Ghost Rider - WWTBMD?
  • #2,430
  • Mar 14, 2013 4:26pm Mar 14, 2013 4:26pm
Quoting Oser
Does anyone know of any news announcements coming up which may impact this pair? So I don't have to ask and bug you all, besides FF homepage, what are your sources for news?
Yes, there is this: http://www.forexlive.com/blog/2013/0...-key-boj-vote/

The Yen hasn't reacted much to these events, but you never know. It could be the final thing it has been waiting for to start rallying again. I'm considering pulling my TPs for until after the vote is in, just in case we get an awesome rally much higher.
check out my blog: forexmademillionaire dot com
  • #2,431
  • Mar 14, 2013 5:10pm Mar 14, 2013 5:10pm
Quoting Geppy
Yes, there is this: http://www.forexlive.com/blog/2013/0...-key-boj-vote/

The Yen hasn't reacted much to these events, but you never know. It could be the final thing it has been waiting for to start rallying again. I'm considering pulling my TPs for until after the vote is in, just in case we get an awesome rally much higher.
My exposure was pretty high, so I banked all of my open trades at the day close. The plan is to wait for a possible pull-back, if it does that, and reload with the longs. If it continues going north, I'll get back in.
  • #2,432
  • Mar 14, 2013 5:11pm Mar 14, 2013 5:11pm
Don't know if it's just me but, I can almost feel the tension that somethings about to pop!

Encouraging daily close over the weekly TL on the yen. Nice close on the pound as well.

I've moved my TP to 147
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Ghost Rider - WWTBMD?
  • #2,433
  • Mar 14, 2013 5:14pm Mar 14, 2013 5:14pm
Quoting albchr
Don't know if it's just me but, I can almost feel the tension that somethings about to pop!

Encouraging daily close over the weekly TL on the yen. Nice close on the pound as well.

I've moved my TP to 147
Pop long or short? I have several buy limits open and a buy stop at the 145.010. Looking to reload! I'll pay spread for sure, but that is the nature of the beast.
  • #2,434
  • Mar 14, 2013 5:24pm Mar 14, 2013 5:24pm
Quoting Oser
Pop long or short? I have several buy limits open and a buy stop at the 145.010. Looking to reload! I'll pay spread for sure, but that is the nature of the beast.
If I knew that I'd either be adding to my longs or closing them and shorting the heck out of her...lol

But since I'm holding longs, and just moved my TP off another 150 pips, you can see what I'm hoping it might do. Of course it's probably just me and perhaps nothing will "pop" at all. But it "feels" that way after todays move and then just hanging here.
Ghost Rider - WWTBMD?
  • #2,435
  • Mar 14, 2013 5:40pm Mar 14, 2013 5:40pm
Quoting Oser
Does anyone know of any news announcements coming up which may impact this pair? So I don't have to ask and bug you all, besides FF homepage, what are your sources for news?
Also, I don't know if you visit Terry's (100pipsaday) thread but he's always posting interesting articals and videos and such. Here's a link to the first post of several dealing with the yen.

http://www.forexfactory.com/showthre...88#post6512988

Kyle Bass is a pretty sharp cookie and he's selling the YEN and buying gold over the next ten years or so. For a decent little background on who Kyle Bass is and some of his predictions, check this link.

http://en.wikipedia.org/wiki/Kyle_Bass
Ghost Rider - WWTBMD?
  • #2,436
  • Mar 14, 2013 6:24pm Mar 14, 2013 6:24pm
Quoting albchr
Don't know if it's just me but, I can almost feel the tension that somethings about to pop!

Encouraging daily close over the weekly TL on the yen. Nice close on the pound as well.

I've moved my TP to 147
I adjusted mine too... I've got a third of the position still at 145.50 and the remaining two-thirds at 146.10
check out my blog: forexmademillionaire dot com
  • #2,437
  • Mar 14, 2013 6:30pm Mar 14, 2013 6:30pm
Quoting whatever007
Yeah bro nuked. Just nuked.

Yeah bro, yeah.

Yeah bro, just made killing today, you're the best man.

No you go bro. You're the man. Yeah you.

Oh shit, gotta run, don't want my girl to see me trading again. She calls it gambling. I wonder why.

Crazy bro.

Later bro, you rule.

Nah you bro.




Clowns.
One of the funniest replies I've ever read on any forums. Reminds me of college, that kind of talk. Bulls/Bears always brings out confrontations in any trading arena. I have the out most all respects to everybody here.
  • #2,438
  • Mar 14, 2013 6:36pm Mar 14, 2013 6:36pm
whatever the outcome of this BOJ Vote. i guess Yen is going to be a looser which is good for our Longs

Quoting Geppy
I adjusted mine too... I've got a third of the position still at 145.50 and the remaining two-thirds at 146.10
  • #2,439
  • Mar 14, 2013 6:44pm Mar 14, 2013 6:44pm
Quoting ssaqeel
whatever the outcome of this BOJ Vote. i guess Yen is going to be a looser which is good for our Longs
Not at all accurate. If Iwata fails to get the required votes, that is definitely not good for our longs lol
check out my blog: forexmademillionaire dot com
  • #2,440
  • Mar 14, 2013 6:49pm Mar 14, 2013 6:49pm
LOL, Thanks bro

Quoting Geppy
Not at all accurate. If Iwata fails to get the required votes, that is definitely not good for our longs lol
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