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Geppy's Geppy Thread (GBP/JPY)

  • #2,781
  • Mar 21, 2013 5:41am Mar 21, 2013 5:41am
Quoting GDR3k
According to FF calender, BOJ Gov Kuroda is speaking right now at 10am GMT, yet theres nothing anywhere about it, I've checked other sites FX calenders and none of them show it, thoughts?
Yeah, I can't seem to find anything about it either. Hmmmm....?

Either he has so much to say they're still waiting to sort it out, or it's just more announced crap to make the market react. Just like all the Cyprus garbage.
Ghost Rider - WWTBMD?
  • #2,782
  • Mar 21, 2013 5:44am Mar 21, 2013 5:44am
Quoting albchr
Yeah, I can't seem to find anything about it either. Hmmmm....?

Either he has so much to say they're still waiting to sort it out, or it's just more announced crap to make the market react. Just like all the Cyprus garbage.
Yeah more than likely, I've always wondered though, how does the market react to news the instant it comes out? do the banks and 'big boys' have some sort of word recognition software built into their trading algorithms that monitor all the outlets for the major financial news?
  • #2,783
  • Mar 21, 2013 5:54am Mar 21, 2013 5:54am
Oh boy! This is helpful. As if we haven't known this for about a year now....

http://www.forexfactory.com/news.php?do=news&id=416654
Ghost Rider - WWTBMD?
  • #2,784
  • Mar 21, 2013 5:59am Mar 21, 2013 5:59am
Quoting GDR3k
Yeah more than likely, I've always wondered though, how does the market react to news the instant it comes out? do the banks and 'big boys' have some sort of word recognition software built into their trading algorithms that monitor all the outlets for the major financial news?
I have no idea but it wouldn't surprise me. But I do know that these super computers can implement large quantities of orders in Nano seconds.

But then, Large banks and institutions aren't exactly sitting around waiting on the news "we" get. They either know ahead of time or just don't care as they can affect the market by themselves. All just my theories of course.
Ghost Rider - WWTBMD?
  • #2,785
  • Mar 21, 2013 6:07am Mar 21, 2013 6:07am
Quoting albchr
Oh boy! This is helpful. As if we haven't known this for about a year now....

http://www.forexfactory.com/news.php?do=news&id=416654
This may help explain why Kuroda's comments (if any) will likely have little effect until the board actually meets.

http://in.reuters.com/article/2013/0...92E11120130321
Ghost Rider - WWTBMD?
  • #2,786
  • Mar 21, 2013 7:22am Mar 21, 2013 7:22am
Quoting albchr
Oh boy! This is helpful. As if we haven't known this for about a year now....

http://www.forexfactory.com/news.php?do=news&id=416654
He will!?!?!
  • #2,787
  • Mar 21, 2013 8:09am Mar 21, 2013 8:09am
Waiting for 144.395 to get hit...
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  • #2,788
  • Mar 21, 2013 8:16am Mar 21, 2013 8:16am
Quoting GDR3k
Waiting for 144.395 to get hit...
Order hit, got filled at a lower price of 362, lets see if theres a push up from here.
  • #2,789
  • Mar 21, 2013 8:27am Mar 21, 2013 8:27am
Quoting albchr
Gotta love the Beast

long 28
Stop hit @ +21 Crazy day. Could have closed it for 70 or so.

Here we are again...lol
Ghost Rider - WWTBMD?
  • #2,790
  • Mar 21, 2013 8:28am Mar 21, 2013 8:28am
Quoting GDR3k
Order hit, got filled at a lower price of 362, lets see if theres a push up from here.
-10

  • #2,791
  • Mar 21, 2013 8:39am Mar 21, 2013 8:39am
Quoting GDR3k
-10

Did you close that or did you have a 10 pip stop?
Ghost Rider - WWTBMD?
  • #2,792
  • Mar 21, 2013 8:41am Mar 21, 2013 8:41am
Another shot or two
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Ghost Rider - WWTBMD?
  • #2,793
  • Mar 21, 2013 8:43am Mar 21, 2013 8:43am
for you elliott wavers out there we need a small drop in the yen pairs....then a nice run up to 99.07 for the us/yen....a little pullback then 102.00 almost.....3 pips shy.....is the final wave five. but 125.xx or more is a probability further out.

the us/yen has 94.72 printed for a low, and it needs to hold or we'll see 93.78.....or 93.21-44 then upward. The carry trade caused all the "jockying for position in the GBP/USD. The carry trade is not gone, the big boys make too much money from it to let it die. he he
  • #2,794
  • Mar 21, 2013 8:45am Mar 21, 2013 8:45am
Quoting albchr
Did you close that or did you have a 10 pip stop?
I had a 10pip profit target and 10 pip stop, it missed my target by no more than a pip on that small upmove from the area before going down again.
  • #2,795
  • Mar 21, 2013 8:49am Mar 21, 2013 8:49am
Quoting albchr
Another shot or two
Eh...not feeling it. Closed one +10, covered other and let's see.
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Ghost Rider - WWTBMD?
  • #2,796
  • Mar 21, 2013 8:54am Mar 21, 2013 8:54am
Quoting GDR3k
I had a 10pip profit target and 10 pip stop, it missed my target by no more than a pip on that small upmove from the area before going down again.
Yeah I was wondering. 10 pip stops will get eaten by the Beast all day long unless you just happen to hit it perfect. I use no less than 50 myself.

Just my 2 cents but if you're only looking for 10 pip gains, there are far easier pairs to do it on. If the Queen farts this Beast can swing 50/100 pips in seconds...LOL
Ghost Rider - WWTBMD?
  • #2,797
  • Mar 21, 2013 8:59am Mar 21, 2013 8:59am
Quoting albchr
Yeah I was wondering. 10 pip stops will get eaten by the Beast all day long unless you just happen to hit it perfect. I use no less than 50 myself.

Just my 2 cents but if you're only looking for 10 pip gains, there are far easier pairs to do it on. If the Queen farts this Beast can swing 50/100 pips in seconds...LOL
I'm generally pretty good at making accurate entrys on this pair and i prefer this pair over most others as it moves faster, you're right about the queen farting though!
  • #2,798
  • Mar 21, 2013 9:03am Mar 21, 2013 9:03am
Quoting GDR3k
I'm generally pretty good at making accurate entrys on this pair and i prefer this pair over most others as it moves faster, you're right about the queen farting though!
No doubt about the way she moves. That's why I like her too
Ghost Rider - WWTBMD?
  • #2,799
  • Mar 21, 2013 9:04am Mar 21, 2013 9:04am
Quoting albchr
Eh...not feeling it. Closed one +10, covered other and let's see.
LOL...stop hit +4

Time to see where she wants to base. 143.70ish would be nice.
Ghost Rider - WWTBMD?
  • #2,800
  • Mar 21, 2013 9:29am Mar 21, 2013 9:29am
Quoting albchr
You're set up nice now bro. Sleep on that
Looks like we bought too early yet again, man. I saw you were stopped out, but I'm still holding mine. My entries aren't ideal, but they're still relatively good.

Once I see some signs of basing down here, I'll be adding a bit more.
check out my blog: forexmademillionaire dot com
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