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Geppy's Geppy Thread (GBP/JPY)

  • #3,101
  • Mar 25, 2013 8:03am Mar 25, 2013 8:03am
Quoting netera
I loaded another long , Am i risking ?
Well, what's your reason for doing so?

And, every time we pull the trigger we risk so....YES

EDIT: I should add that for "me", after that last 1H bar, I'll be looking at 143.50ish for another possible long should it get there.
Ghost Rider - WWTBMD?
  • #3,102
  • Mar 25, 2013 8:31am Mar 25, 2013 8:31am
Building new longs
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  • #3,103
  • Mar 25, 2013 8:38am Mar 25, 2013 8:38am
Now this is a 1H TL (red) but a 30m chart and that looks like a classic break and test of the TL so far. Yep, I think 143.50ish is possible here.
Attached Image (click to enlarge)
Click to Enlarge Name: gj_30m.gif Size: 26 KB
Ghost Rider - WWTBMD?
  • #3,104
  • Mar 25, 2013 9:29am Mar 25, 2013 9:29am
Quoting albchr
Now this is a 1H TL (red) but a 30m chart and that looks like a classic break and test of the TL so far. Yep, I think 143.50ish is possible here.
Hope NOT bellow 143.50 , I set My TP to 144.40
  • #3,105
  • Mar 25, 2013 9:40am Mar 25, 2013 9:40am
Quoting netera
Hope NOT bellow 143.50 , I set My TP to 144.40
Could easily extend to 143.30/143ish or even further.

I'm building a couple longs now but watching closely. Have one at 143.67 and 143.55. Will add one more if she reaches 143ish
Ghost Rider - WWTBMD?
  • #3,106
  • Mar 25, 2013 9:47am Mar 25, 2013 9:47am
Sure wish I had held that 144.65 sell last night...LOL

This puppy is tanking!!
Ghost Rider - WWTBMD?
  • #3,107
  • Mar 25, 2013 9:59am Mar 25, 2013 9:59am
i will add new long at 143.6
  • #3,108
  • Mar 25, 2013 10:01am Mar 25, 2013 10:01am
Quoting albchr
Sure wish I had held that 144.65 sell last night...LOL

This puppy is tanking!!
I did something similar today, entered a short after the engulfing candle on the 1HR chart then closed for a small loss after realizing where the engulfment happened, then watched price fall and hit the SL's for my longs

It hasn't been a very good week and a bit trading wise for me. It it isn't the Eurocrisis it's Fitch, if it's not that it's just a crap trade
  • #3,109
  • Mar 25, 2013 10:07am Mar 25, 2013 10:07am
I was long last night;
I switched to short before sleeping.

When I woke up I almost hit margin call;
I held most of it and
it paid off (really well)
  • #3,110
  • Mar 25, 2013 10:10am Mar 25, 2013 10:10am
It's a bit frustrating to see the lack of follow through/progress to the upside, but I'm staying patient and holding my longs. We bounced just before the 4h 200ema so that's a good sign.

I just wish this Cyprus crap would wrap up, but nooooo they have to go off on how they may leave the Euro after the bailout (yeah right). Let's put it behind us and get the BoJ to start taking action on all their easing promises.
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  • #3,111
  • Mar 25, 2013 10:18am Mar 25, 2013 10:18am
Good morning Geppy

I turned off the news Friday. The charts will work just fine as always and my head STILL hurts from all the posturing over this garbage last week....
Ghost Rider - WWTBMD?
  • #3,112
  • Mar 25, 2013 10:27am Mar 25, 2013 10:27am
GY has a date below 130 imo and it's been in place since early December. Don't have the time to post a chart right now.
Hope everyone stays safe.
Once we hit 128 or thereabouts, I will likely be looking for longs.
  • #3,113
  • Mar 25, 2013 10:41am Mar 25, 2013 10:41am
Quoting ukdaytrader
GY has a date below 130 imo and it's been in place since early December. Don't have the time to post a chart right now.
Hope everyone stays safe.
Once we hit 128 or thereabouts, I will likely be looking for longs.
I wasn't thinking quite that deep but hey, ya never know. I was looking at this possibility over the weekend though.

http://www.forexfactory.com/showthre...70#post6542370
Ghost Rider - WWTBMD?
  • #3,114
  • Mar 25, 2013 10:42am Mar 25, 2013 10:42am
Welp, gotta run. Have fun folks and trade well.
Ghost Rider - WWTBMD?
  • #3,115
  • Mar 25, 2013 11:05am Mar 25, 2013 11:05am
The usd/jpy is in a good sized expanded flat correction, could be a buy right here because it's at the bottom of the flat range ...so a tight stop is used.
buy 143.18 with a stop at .01...!! cool....buy a small lot allocation....it's not tuesday yet
  • #3,116
  • Mar 25, 2013 11:07am Mar 25, 2013 11:07am
Added long, average 1.4355 now
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,117
  • Mar 25, 2013 11:18am Mar 25, 2013 11:18am
Maybe 143.00 will hold because finally UJ is at support
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  • #3,118
  • Mar 25, 2013 11:25am Mar 25, 2013 11:25am
Quoting KillerWhale
Maybe 143.00 will hold because finally UJ is at support
NOT
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  • #3,119
  • Mar 25, 2013 12:00pm Mar 25, 2013 12:00pm
Quoting KillerWhale
NOT
haha, yeah... I'm flat now. May be looking at shorts on a bounce...
check out my blog: forexmademillionaire dot com
  • #3,120
  • Mar 25, 2013 12:14pm Mar 25, 2013 12:14pm
Quoting Geppy
haha, yeah... I'm flat now. May be looking at shorts on a bounce...
Yeah, I also dropped my longs
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