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Geppy's Geppy Thread (GBP/JPY)

  • #2,481
  • Mar 15, 2013 9:00am Mar 15, 2013 9:00am
Quoting albchr
Haha...for all I know this puppy may shoot to 147 before the days' end...LOL

Let's hope so
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  • #2,482
  • Mar 15, 2013 9:08am Mar 15, 2013 9:08am
Quoting Geppy
Let's hope so
Actually, you may have just been 1 day ahead with your call Wednesday when you wanted it to "chugalug" to our 145.50 TP and then fall back to 144.75ish. Looks like that may happen now.

Whoops...that was yesterday I think...lol
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  • #2,483
  • Mar 15, 2013 9:27am Mar 15, 2013 9:27am
scooped another at 144.80
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  • #2,484
  • Mar 15, 2013 9:31am Mar 15, 2013 9:31am
Quoting Geppy
Just added another at 145.10

Some here may think I'm crazy for adding as we drop and not waiting. This is how I see it:

- I don't like trying to be perfect. I prefer to know the aggregate position size I want to put on and splice it up into several buys/sells and get in within a range rather than one price point. For example, if I'm going to buy a standard lot, I may do it in 4 purchases of 2.5 mini lots each.

- Recall I took one-third of my position off at 145.50 last night. Any price I get below that is awesome! If I had simply been holding...
Geppy, I don't think you're crazy at all. Your perspective helps me change the way I am thinking about my recent moves. As I write, I'm slightly in the red, but I am still bearish with the yen and with the stering finding some support, this bodes well for a future rally. I too see these pullbacks as buying ops.

Thanks for the shift in perspective.
  • #2,485
  • Edited 9:32am Mar 15, 2013 9:31am | Edited 9:32am
Quoting Geppy
scooped another at 144.80
It's a disease man ...

144.810

Still think we may see 30ish here but who knows?
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  • #2,486
  • Mar 15, 2013 9:35am Mar 15, 2013 9:35am
Quoting Oser
Geppy, I don't think you're crazy at all. Your perspective helps me change the way I am thinking about my recent moves. As I write, I'm slightly in the red, but I am still bearish with the yen and with the stering finding some support, this bodes well for a future rally. I too see these pullbacks as buying ops.

Thanks for the shift in perspective.
Haha, well that's good. I guess I was just saying that because it seems like the Friday Flamers like to come out to try and get their kicks. Then the flock around all week until they run off to lick their wounds. I guess they're all still in the hospital getting fixed up.
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  • #2,487
  • Mar 15, 2013 9:41am Mar 15, 2013 9:41am
Quoting Geppy
Haha, well that's good. I guess I was just saying that because it seems like the Friday Flamers like to come out to try and get their kicks. Then the flock around all week until they run off to lick their wounds. I guess they're all still in the hospital getting fixed up.
Now now....
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  • #2,488
  • Mar 15, 2013 9:48am Mar 15, 2013 9:48am
Yen is gaining pretty big, but getting over extended on the 4H....
When the facts change I change my mind, what do you do sir
  • #2,489
  • Mar 15, 2013 9:59am Mar 15, 2013 9:59am
144.49 off 1H 55ema touch. DP (red line) just below at 144.26
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  • #2,490
  • Mar 15, 2013 9:59am Mar 15, 2013 9:59am
Albchr may have called the bottom for the day. Nice call. What, may I ask, were you using to determine this?

With all the pieces in place on that Japanese Yen front and with the sterling, supposedly finding "stability" can anyone make sense of this?

I will try to offer my two cents: after yesterday's rally this is a minor correction.

EDIT: Or this is Friday profit taking day... but like Geppy, I am holding longs over the weekend.
  • #2,491
  • Mar 15, 2013 10:03am Mar 15, 2013 10:03am
This is my 2 cents! LOl
A picture speaks a thousand words!
Next stop is at 142.57.
Good Luck Yall!
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  • #2,492
  • Mar 15, 2013 10:06am Mar 15, 2013 10:06am
Quoting Oser
Albchr may have called the bottom for the day. Nice call. What, may I ask, were you using to determine this?

With all the pieces in place on that Japanese Yen front and with the sterling, supposedly finding "stability" can anyone make sense of this?

I will try to offer my two cents: after yesterday's rally this is a minor correction.

EDIT: Or this is Friday profit taking day... but like Geppy, I am holding longs over the weekend.
Dude, don't read so much into it. Nothing goes in a straight line forever.

This is a minor correction.
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  • #2,493
  • Mar 15, 2013 10:07am Mar 15, 2013 10:07am
Quoting behman8850
This is my 2 cents! LOl
A picture speaks a thousand words!
Next stop is at 142.57.
Good Luck Yall!
OHHHH! here they come...
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  • #2,494
  • Mar 15, 2013 10:07am Mar 15, 2013 10:07am
A little blurb on forexpros.com:

"Currently we are at 145.65 at the .214 Fibo. The overall target is the R7 at 147.74. Expect a pullback and then a move above 145.85. A good target for today (triple witching day) would be the 146.00 before the square up. The ATR (Average True Range) for the pair currently is 155 pips."

Sounds good too me.
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When the facts change I change my mind, what do you do sir
  • #2,495
  • Mar 15, 2013 10:08am Mar 15, 2013 10:08am
Quoting Geppy
OHHHH! here they come...
Geppy Dude. I buy n sell, I dont care , its called Scalping. After all Money IS Money! LOl Lets see .
  • #2,496
  • Mar 15, 2013 10:10am Mar 15, 2013 10:10am
Quoting behman8850
Geppy Dude. I buy n sell, I dont care , its called Scalping. After all Money IS Money! LOl Lets see .
novel. I've never met ANYONE who doesn't both buy and sell.
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  • #2,497
  • Mar 15, 2013 10:13am Mar 15, 2013 10:13am
Quoting Oser
What, may I ask, were you using to determine this?
Basically a just a combination of an expected sell off (profit taking), SR (1H 55ema, DP and fib) on the charts posted before and the index charts here. Expected some correction on both the YEN and Pound after yesterday to the nearest SR on each. Also all that info on the possible YEN selling.

Add in some gut feeling and a little knowing the dragon and that's my best guess.

Could be right and it will turn and fly. Could be wrong and watch it crash! <<(Although me thinks not) LOL
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  • #2,498
  • Mar 15, 2013 10:15am Mar 15, 2013 10:15am
Quoting behman8850
This is my 2 cents! LOl
A picture speaks a thousand words!
Next stop is at 142.57.
Good Luck Yall!
That would be a MARVELOUS place to buy more from!
Ghost Rider - WWTBMD?
  • #2,499
  • Mar 15, 2013 10:19am Mar 15, 2013 10:19am
Quoting albchr
That would be a MARVELOUS place to buy more from!
I guess so! Lets see whether we Reach there, n when.! GL. Atleast on my Hr 1 chart it shows that we WILL bethere like previously shown from 145.63 to 144.64 now to 142.57.
  • #2,500
  • Mar 15, 2013 10:20am Mar 15, 2013 10:20am
Quoting Geppy
Dude, don't read so much into it. Nothing goes in a straight line forever.

This is a minor correction.
YEP! And actually Geppy, we may get a nice test of the 61.8% here. If so that will be my last buy in. I think I can afford 3 now....LOL
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