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Geppy's Geppy Thread (GBP/JPY)

  • #2,561
  • Mar 17, 2013 2:03pm Mar 17, 2013 2:03pm
Quoting Pip Anon
http://www.bloomberg.com/quote/GBPUSD:CUR
http://www.bloomberg.com/quote/GBPJPY:CUR

Some buying in Sterling. Maybe the only saving grace. Although all Yen pairs are down big.
Now XE caught up.
  • #2,562
  • Mar 17, 2013 2:33pm Mar 17, 2013 2:33pm
Quoting Pip Anon
http://www.bloomberg.com/quote/GBPUSD:CUR
http://www.bloomberg.com/quote/GBPJPY:CUR

Some buying in Sterling. Maybe the only saving grace. Although all Yen pairs are down big.
Man the yen is getting hammered. My longs aren't looking so good...
  • #2,563
  • Mar 17, 2013 2:44pm Mar 17, 2013 2:44pm
Quoting Oser
Man the yen is getting hammered. My longs aren't looking so good...
Long geppy. Pound looks like has some strength. Still a chance, but who knows. Saving grace that England doesn't share euro
When the facts change I change my mind, what do you do sir
  • #2,564
  • Mar 17, 2013 2:49pm Mar 17, 2013 2:49pm
Quoting Pip Anon
Well, I don't know the how reliable the others are. FXStreet didn't even show much of a loss, now it's up 40. I mean I hope that's correct. However, I don't know why just the Yen pairs would be off. Unless banks selling Euro and buying Yen
I have no idea how accurate they are, I would of though all sites like xe, fxstreet, oanda and bloomberg would be close to each other in terms of price.
  • #2,565
  • Mar 17, 2013 2:51pm Mar 17, 2013 2:51pm
Quoting Pip Anon
Long geppy. Pound looks like has some strength. Still a chance, but who knows. Saving grace that England doesn't share euro
Who's your broker?

Oanda used to be open all the time, but now they open at 5 EST. Really sucks
  • #2,566
  • Mar 17, 2013 2:53pm Mar 17, 2013 2:53pm
Quoting forextine
Who's your broker?

Oanda used to be open all the time, but now they open at 5 EST. Really sucks
TD Ameritrade. Open at 5, too. Geppy is making a "comeback" lol. 142.8, at 2PM EST it was 141.13
When the facts change I change my mind, what do you do sir
  • #2,567
  • Mar 17, 2013 3:12pm Mar 17, 2013 3:12pm
FXstreet has finally caught up, looks like bloomberg was right.

It could be worse, it's only 100 or so pips below the SL on a trade I left often
  • #2,568
  • Mar 17, 2013 3:24pm Mar 17, 2013 3:24pm
Quoting blobsaudio
FXstreet has finally caught up, looks like bloomberg was right.

It could be worse, it's only 100 or so pips below the SL on a trade I left often
Yea. I have a small, small position. But still looking at a headache. I think it will survive. What I am thinking is they are selling Euros to buy Yen. However, Abe doesn't want that so he might take Yen down or have new asset purchases.

I might ride with it because with Japan's agenda it may work out. Dollar has been trading like a risk currency lately, correlated with US stock. But we may see it sink or become a "safe haven" it once was with euro in the shit.
When the facts change I change my mind, what do you do sir
  • #2,569
  • Mar 17, 2013 3:30pm Mar 17, 2013 3:30pm
Quoting Pip Anon
Yea. I have a small, small position. But still looking at a headache. I think it will survive. What I am thinking is they are selling Euros to buy Yen. However, Abe doesn't want that so he might take Yen down or have new asset purchases.

I might ride with it because with Japan's agenda it may work out. Dollar has been trading like a risk currency lately, correlated with US stock. But we may see it sink or become a "safe haven" it once was with euro in the shit.
I agree, yen is considered a safer currency than Euros and with the Eurozones latest hiccup it makes sense.

I have no idea what my current brokers policy is when situations like this happens. I don't know if they will close automatically at the market rate when they open or leave the position. Only 30 minutes until I find out.
  • #2,570
  • Mar 17, 2013 3:33pm Mar 17, 2013 3:33pm
I think it depends on your risk exposure. My broker will give until 3AM to they liquidate, or if it's above a certain risk they liquidate immediately.
When the facts change I change my mind, what do you do sir
  • #2,571
  • Mar 17, 2013 3:48pm Mar 17, 2013 3:48pm
Quoting blobsaudio
I agree, yen is considered a safer currency than Euros and with the Eurozones latest hiccup it makes sense.

I have no idea what my current brokers policy is when situations like this happens. I don't know if they will close automatically at the market rate when they open or leave the position. Only 30 minutes until I find out.
In the same boat blobs. Not sure either.
  • #2,572
  • Mar 17, 2013 4:04pm Mar 17, 2013 4:04pm
What the hell caused that gap?
Pity the fool who thinks they'll make it overnight...
  • #2,573
  • Mar 17, 2013 4:05pm Mar 17, 2013 4:05pm
Quoting deanbo
What the hell caused that gap?
Cyprus.
When the facts change I change my mind, what do you do sir
  • #2,574
  • Mar 17, 2013 4:08pm Mar 17, 2013 4:08pm
Quoting blobsaudio
I agree, yen is considered a safer currency than Euros and with the Eurozones latest hiccup it makes sense.

I have no idea what my current brokers policy is when situations like this happens. I don't know if they will close automatically at the market rate when they open or leave the position. Only 30 minutes until I find out.
They close out at the open price.
  • #2,575
  • Mar 17, 2013 4:10pm Mar 17, 2013 4:10pm
Quoting Geppy
Yep, pretty happy with last night's PA. There's nothing like hitting TP and getting paid to sleep

As stated earlier, I took a third of my total position off at 145.50 and I'm already adding it back on. I took some at 145.50, 145.40, and 145.27... I'll add more if we dip further, but I've already decided I'm holding through the weekend.

I don't have a TP set yet for the fresh longs, and I'm also considering moving half of the lower group to a higher TP... not sure yet.

This week has been a perfect example of patiently waiting, sticking...

I would not be too happy with all these longs..
  • #2,576
  • Mar 17, 2013 4:10pm Mar 17, 2013 4:10pm
Quoting forextine
They close out at the open price.
Who is your broker?
  • #2,577
  • Mar 17, 2013 4:12pm Mar 17, 2013 4:12pm
Quoting Jer21
I would not be too happy with all these longs..
One can never predict this type of move, we trade what we see and make decisions based off of all of the information available. Sometimes we're wrong and sometimes we're right, simple as that.
  • #2,578
  • Mar 17, 2013 4:13pm Mar 17, 2013 4:13pm
Quoting forextine
They close out at the open price.
Still not open for some reason
  • #2,579
  • Mar 17, 2013 4:15pm Mar 17, 2013 4:15pm
Quoting 100PipsADay
One can never predict this type of move, we trade what we see and make decisions based off of all of the information available. Sometimes we're wrong and sometimes we're right, simple as that.
As long as the daily doesn't close under 142.2 it should be ok. I'm still bullish.
  • #2,580
  • Mar 17, 2013 4:15pm Mar 17, 2013 4:15pm
Quoting 100PipsADay
One can never predict this type of move, we trade what we see and make decisions based off of all of the information available. Sometimes we're wrong and sometimes we're right, simple as that.
Totally agree. It may be another buying opportunity.

That's my plan anyway.
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