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Geppy's Geppy Thread (GBP/JPY)

  • #3,201
  • Mar 26, 2013 12:27pm Mar 26, 2013 12:27pm
Quoting ec_creep
hey, bro thanks!
been waiting for this news for quite a while now! a little relieved, but south korea is making this uneasy for that 2% inflation target.

Yea we are just getting started in my opinion..

More info

 

  1. BOJ to combine two asset-purchase facilities
  2. Combined facility will have one target
  3. Target may be monthly or total to be reached over time
  4. To be discussed at next weeks BOJ meeting
  5. Goal is to make scale of monetary easing more transparent

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  • #3,202
  • Mar 26, 2013 12:30pm Mar 26, 2013 12:30pm
beware of BOJ intervention probably tonight.
We trade to live not live to trade................
  • #3,203
  • Mar 26, 2013 12:43pm Mar 26, 2013 12:43pm
Quoting BobGnarly
Yea we are just getting started in my opinion..

More info

 

  1. BOJ to combine two asset-purchase facilities
  2. Combined facility will have one target
  3. Target may be monthly or total to be reached over time
  4. To be discussed at next weeks BOJ meeting
  5. Goal is to make scale of monetary easing more transparent

it's about time if they want boj to reach that target.
thanks again!
  • #3,204
  • Mar 26, 2013 12:57pm Mar 26, 2013 12:57pm
Quoting ovyeh
beware of BOJ intervention probably tonight.
What makes you think that?
Probability Professor
  • #3,205
  • Mar 26, 2013 1:03pm Mar 26, 2013 1:03pm
I'm bullish to ranging on the Yen crosses. Take profit of 144.50 GJ, 95 UJ.
Probability Professor
  • #3,206
  • Mar 26, 2013 1:03pm Mar 26, 2013 1:03pm
Quoting ovyeh
beware of BOJ intervention probably tonight.
Don't be saying that
  • #3,207
  • Mar 26, 2013 1:52pm Mar 26, 2013 1:52pm
All the BoJ news is still just jawboning. Like Bob said, it's going to be boring until the actual meeting and/or they actually take action.

It seems that the jawboning rallies are getting less and less robust. Also, I wouldn't be surprised to see a drive lower from now until the meeting. The market doesn't like to give anything away too easily.
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  • #3,208
  • Mar 26, 2013 3:16pm Mar 26, 2013 3:16pm
I honestly think their hasn't been a big enough Yen rally for the BOJ to have the need to step in
  • #3,209
  • Mar 26, 2013 4:39pm Mar 26, 2013 4:39pm
good eye there supaH......I'd bet cash money....I'm talkin' cash money on the barrelhead here....that the yen pairs do a terror move down before sunrise.........he he

I'm out doing the new driveway....I'll get a wave count on the usd/jpy here before too long.....from my buddy Ian in Japan.....
  • #3,210
  • Mar 26, 2013 4:50pm Mar 26, 2013 4:50pm
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  • #3,211
  • Mar 26, 2013 5:09pm Mar 26, 2013 5:09pm
Quoting GDR3k
I hope you're not seriously considering that a valid trend line...
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  • #3,212
  • Mar 26, 2013 5:36pm Mar 26, 2013 5:36pm
Ho...Hum...I really hate days like this. Just muddies the waters for me. I honestly don't know if this is a chance to add shorts or wait for a bounce to down to get out...LOL
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Ghost Rider - WWTBMD?
  • #3,213
  • Mar 26, 2013 5:43pm Mar 26, 2013 5:43pm
Analysis until the BOJ meeting...

As I said yesterday I firmly believe yesterday was a shake out and test of some newly created support from the 147 high. I see us creeping up from here until the boj meeting and that being the catalyst to get us to new yearly highs


Edit- I also attribute the recent selling due to Japanese year end... That most likely is over.
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  • #3,214
  • Mar 26, 2013 5:45pm Mar 26, 2013 5:45pm
Quoting Geppy
I hope you're not seriously considering that a valid trend line...
no, but that channel has potential.
  • #3,215
  • Mar 26, 2013 5:48pm Mar 26, 2013 5:48pm
Newly created support for next leg up ?
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  • #3,216
  • Mar 26, 2013 5:59pm Mar 26, 2013 5:59pm
Quoting BobGnarly
Newly created support for next leg up ?
From one daily bounce?

I think that line needs to be a bit higher along all those other pivot points at 143.40ish myself. Which would actually put price right under it now. Hmmm....
Ghost Rider - WWTBMD?
  • #3,217
  • Mar 26, 2013 6:04pm Mar 26, 2013 6:04pm
Quoting GDR3k
Just took a small long at 142.95, very very low risk.

gotta nip out for the rest of the day, back tonight.
Just closed this trade for +53 @ 143.48.



Will look to get in long again tomorrow.
  • #3,218
  • Mar 26, 2013 6:06pm Mar 26, 2013 6:06pm
Quoting albchr
From one daily bounce?

I think that line needs to be a bit higher along all those other pivot points at 143.40ish myself. Which would actually put price right under it now. Hmmm....
You see the size of the last bounce from one day? Lol
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  • #3,219
  • Mar 26, 2013 6:12pm Mar 26, 2013 6:12pm
Quoting BobGnarly
You see the size of the last bounce from one day? Lol
A little hard to see on that chart (looks like about 142.90 so including today about 65 pips up?) but it's easy to see the multiple resistance points just above current price. Don't get me wrong Bob, I think most of us here would agree we're in a bullish trend that is still in tact.

Given all your much lower longs, and how long (perhaps years) you intend to hold them, it's easy to keep calling long. But I'd be curious to hear your view if, A) you were currently flat, B) looking to get in and C) wanting to make money this week?

What would you do at this point, long, short or stay out?
Ghost Rider - WWTBMD?
  • #3,220
  • Mar 26, 2013 6:17pm Mar 26, 2013 6:17pm
Quoting albchr
A little hard to see on that chart but it's easy to see the multiple resistance points just above current price. Don't get me wrong Bob, I think most of us here would agree we're in a bullish trend that is still in tact.

Given all your much lower longs, and how long (perhaps years) you intend to hold them, it's easy to keep calling long. But I'd be curious to hear your view if, A) you were currently flat, B) looking to get in and C) wanting to make money this week?

What would you do at this point, long, short or stay out?

Putting me on the spot eh? jk bro


A.) if flat Well then you are just watching .

B) look for entries on the 4-8 hr

C) would trade ranges on the hourly
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