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Geppy's Geppy Thread (GBP/JPY)

  • #3,081
  • Mar 25, 2013 4:07am Mar 25, 2013 4:07am
Quoting netera
Me Too
That's three of us
  • #3,082
  • Mar 25, 2013 4:09am Mar 25, 2013 4:09am
Quoting albchr
LOL... you make me out to be much more than I am bro...

That short "would have" paid off had I kept it but after getting out with a 5 pip loss I was so exhausted last night I fell asleep...LOL

Yes I saw it's potential, but obviously didn't keep the "faith" in what I saw. No matter, it all works out in the end.

Not expecting too much from this long but we'll see.
Your humility is admirable. When that account grows to a million, you'll have quite the story to tell!
  • #3,083
  • Mar 25, 2013 4:13am Mar 25, 2013 4:13am
Quoting albchr
Not expecting too much from this long but we'll see.
I would expect 145.000 at least , a bounce off of 143.900 with a rather nice looking candle on the hourly, price has just about poked above the high of that candle as well.
  • #3,084
  • Mar 25, 2013 4:22am Mar 25, 2013 4:22am
Quoting blobsaudio
I would expect 145.000 at least , a bounce off of 143.900 with a rather nice looking candle on the hourly, price has just about poked above the high of that candle as well.
ahhhh.... the KILLER phrase! Expect nothing.....FOLLOW!

I don't see 145 from here but if it gets there....COOL!
Ghost Rider - WWTBMD?
  • #3,085
  • Mar 25, 2013 4:24am Mar 25, 2013 4:24am
Quoting Oser
Your humility is admirable. When that account grows to a million, you'll have quite the story to tell!
Haha... If this account reaches a million, I'll write a book. On how to tour the country on a Harley....LOL
Ghost Rider - WWTBMD?
  • #3,086
  • Mar 25, 2013 4:29am Mar 25, 2013 4:29am
Quoting albchr
ahhhh.... the KILLER phrase! Expect nothing.....FOLLOW!

I don't see 145 from here but if it gets there....COOL!
What's your target then ?

I though we could test 145.75 , But after i read what you wrote , i seem so optimistic
  • #3,087
  • Mar 25, 2013 4:29am Mar 25, 2013 4:29am
Quoting albchr
Haha... If this account reaches a million, I'll write a book. On how to tour the country on a Harley....LOL
If This account reaches a million your broker will close it
  • #3,088
  • Mar 25, 2013 4:34am Mar 25, 2013 4:34am
Quoting albchr
ahhhh.... the KILLER phrase! Expect nothing.....FOLLOW!

I don't see 145 from here but if it gets there....COOL!
Now you mention it, just spotted something that may get in the way of what I expect, will watch the price like a hawk when it approaches that line.

I said 145 as my expectation as the next zone I have marked is 145.4. 145 is a bit below it and a nice round number.

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  • #3,089
  • Mar 25, 2013 4:37am Mar 25, 2013 4:37am
Quoting netera
If This account reaches a million your broker will close it
Or introduce some extra slippage

Usually they will just enter the same positions themselves as someone who consistently wins according to some book I read a few weeks back.
  • #3,090
  • Mar 25, 2013 4:44am Mar 25, 2013 4:44am
Quoting netera
What's your target then ?

I though we could test 145.75 , But after i read what you wrote , i seem so optimistic
Ok, I know I'll catch a lot of flack for this but....I don't really have a "target". Never do. A target would suggest I "know" where price is going. I do not. Just going for the ride.

Now on a PA basis, if this hour can close above the 55ema (blue) here? I'll then watch PA on a 5m, 15m and 30m around 144.40ish to see if I should add, close and or reverse.
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Ghost Rider - WWTBMD?
  • #3,091
  • Mar 25, 2013 4:46am Mar 25, 2013 4:46am
Quoting netera
If This account reaches a million your broker will close it
LOL...I probably don't have much to worry about then. At least not (yet)
Ghost Rider - WWTBMD?
  • #3,092
  • Mar 25, 2013 5:05am Mar 25, 2013 5:05am
Nice 1H close so as of now, still going up. Will watch PA. Also keeping an eye on the 4H for around 144.50ish.
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Ghost Rider - WWTBMD?
  • #3,093
  • Mar 25, 2013 5:28am Mar 25, 2013 5:28am
Quoting albchr
Ok, I know I'll catch a lot of flack for this but....I don't really have a "target". Never do. A target would suggest I "know" where price is going. I do not. Just going for the ride.

Now on a PA basis, if this hour can close above the 55ema (blue) here? I'll then watch PA on a 5m, 15m and 30m around 144.40ish to see if I should add, close and or reverse.
Proving to be a little resistance here. Well...ok.... actually 144.397.... ... LOL

Let's see if testing 144.125 will send it back up.
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Ghost Rider - WWTBMD?
  • #3,094
  • Mar 25, 2013 5:31am Mar 25, 2013 5:31am
Quoting albchr
Proving to be a little resistance here. Well...ok.... actually 144.397.... ... LOL

Let's see if testing 144.125 will send it back up.
You are giving the Thread alot , Thanks
  • #3,095
  • Mar 25, 2013 5:41am Mar 25, 2013 5:41am
Quoting albchr
Proving to be a little resistance here. Well...ok.... actually 144.397.... ... LOL

Let's see if testing 144.125 will send it back up.
A bounce, but a weak one. So I have now covered my trade to see what's next. With any luck it will hold and I can add another long.

But bottom line, I can't loose. Account preservation.
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Ghost Rider - WWTBMD?
  • #3,096
  • Mar 25, 2013 5:45am Mar 25, 2013 5:45am
So much for luck!
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Ghost Rider - WWTBMD?
  • #3,097
  • Mar 25, 2013 5:47am Mar 25, 2013 5:47am
Quoting netera
You are giving the Thread alot , Thanks
You are welcome netera. I thought since we have at least two very good position traders here in Geppy and Bob, I'd try to add a little short term trading to the mix and how I try to break down PA and SR.
Ghost Rider - WWTBMD?
  • #3,098
  • Mar 25, 2013 5:58am Mar 25, 2013 5:58am
Quoting albchr
So much for luck!
And POOF! Gone...LOL

Now if I were scalping instead of looking for a good longer term long position, I'd have taken the 40 odd pips at the 144.30ish area. But no harm no foul and I can look some more.
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Ghost Rider - WWTBMD?
  • #3,099
  • Mar 25, 2013 6:02am Mar 25, 2013 6:02am
I loaded another long , Am i risking ?
  • #3,100
  • Mar 25, 2013 6:03am Mar 25, 2013 6:03am
wait for an announcement......the dollar may go higher to start monday, but not too much.....then the news will give the market a sharp move, if dollar up, then it will be sharp to the levels of last week......the jpy pairs have one more leg higher in just this count. way higher later I suppose.

for short term trading just set up a 15 minute chart with a 34,3,3 slo sto and play the 20 and 80 line on the three pushes to take theory. Except sunday we take the first push because of the impatient PA and low volatility.! also, put a 333ma on the 15M chart...for true trend direction.! notice how the PA acts like it gets flung by a stretched rubber band off the 20 or 80 line.!...when leaving the 333ma line
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