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Geppy's Geppy Thread (GBP/JPY)

  • #3,301
  • Mar 27, 2013 6:05am Mar 27, 2013 6:05am
Quoting albchr
I've got this 4H TL and the 55ema holding to "save" my shorts here. I can't loose!!
LOL....will it last? My father always said "I'd rather be lucky than good".... Here's where the rubber meets the road for me.
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Ghost Rider - WWTBMD?
  • #3,302
  • Mar 27, 2013 6:20am Mar 27, 2013 6:20am
Well I've covered my trades as I can no longer watch. Hoping to see a drop to 141.70ish at least.
Ghost Rider - WWTBMD?
  • #3,303
  • Mar 27, 2013 6:22am Mar 27, 2013 6:22am
I am a small TP short
  • #3,304
  • Mar 27, 2013 6:31am Mar 27, 2013 6:31am
Quoting netera
I am a small TP short
From where?

I hope not from around here? This would be shorting near the bottom of the 4H range.
Ghost Rider - WWTBMD?
  • #3,305
  • Mar 27, 2013 6:39am Mar 27, 2013 6:39am
from 142.50 to 142.00
  • #3,306
  • Edited 7:24am Mar 27, 2013 7:09am | Edited 7:24am
Closed the 142.80 @ 142.30 for +50.

Holding the 143.15 and covered @ 142.70 for +45 so far

EDIT: Actually, I've closed the 143.15 @ 142.33 for +82 as well now.

Feels like it's loosing some steam and that's 132 pips in the bank.
Ghost Rider - WWTBMD?
  • #3,307
  • Mar 27, 2013 7:24am Mar 27, 2013 7:24am
Quoting albchr
Closed the 142.80 @ 142.30 for +50.

Holding the 143.15 and covered @ 142.70 for +45 so far
Good one to those who have been short! This range may yet continue. I've added another long position on the drop. Cheaper price is fine by me. Average open long at 142.624- bit of a draw down, for sure.
  • #3,308
  • Mar 27, 2013 7:37am Mar 27, 2013 7:37am
Quoting Oser
Good one to those who have been short! This range may yet continue. I've added another long position on the drop. Cheaper price is fine by me. Average open long at 142.624- bit of a draw down, for sure.
... 142.32

Looking to see if it will test the 50% @ 142.89 ... Range play
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Ghost Rider - WWTBMD?
  • #3,309
  • Edited 8:35am Mar 27, 2013 8:01am | Edited 8:35am
fill our socks.! Ha

nothing of note on thomson -correct spelling there....it says thomson reuters now.....IFR watch...they're long on the usd/jpy at 94.30...stop 93.50....going for 95.50, flat on the GBP/JPY and EUR/JPY. Long AUD/JPY

this chart picture(I'm a chart hacker) is perfect if the market operators wanted to drop the JPY pairs for a shake-out....I'm thinking

Cyprus.....A British security firm that transports cash for Cypriot banks is working round the clock, sending teams out with police protection to stock bank machines and readying guards for when banks reopen on Thursday
  • #3,310
  • Mar 27, 2013 8:02am Mar 27, 2013 8:02am
Interesting 4H close. May not be good for longs.
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Ghost Rider - WWTBMD?
  • #3,311
  • Mar 27, 2013 8:15am Mar 27, 2013 8:15am
Quoting albchr
... 142.32

Looking to see if it will test the 50% @ 142.89 ... Range play
Out at +2... I'll have to wait until I get home later.
Ghost Rider - WWTBMD?
  • #3,312
  • Mar 27, 2013 8:16am Mar 27, 2013 8:16am
Today could present the perfect opportunity to stay short if you are already in the black.
Tomorrow will be a big day I think and I can't see any other scenario than risk-off once the Cypriot banks decide what to do. They have already delayed the opening once, so tomorrow is about as good an opportunity as it gets imo.

Scenario 1 - Banks re-open and there are stampedes of Cypriot people withdrawing their savings.
Scenario 2 - Banks delay opening again and market very likely punishes them.

Scenario 3 - Banks re-open and everything is hunky dory.

Obviously, this all may not play out, but if you're trading the percentages and are already short, I can't see why you would close.

From a TA perspective there is still a hefty bearish reg diverg on the Daily and if we get a reasonable retrace to say 132.5, it is likely we would get a bullish hidden diverg on the Weekly to give us a better long term plan.
  • #3,313
  • Mar 27, 2013 8:26am Mar 27, 2013 8:26am
still holding onto mine and added to them - only small numbers and moved stop losses just above - win win

Quoting albchr
Interesting 4H close. May not be good for longs.
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"Millionaires don't use astrology, billionaires do"
  • #3,314
  • Mar 27, 2013 8:27am Mar 27, 2013 8:27am
Quoting ukdaytrader
Today could present the perfect opportunity to stay short if you are already in the black.
Tomorrow will be a big day I think and I can't see any other scenario than risk-off once the Cypriot banks decide what to do. They have already delayed the opening once, so tomorrow is about as good an opportunity as it gets imo.......
Key phrase right there. I wish they'd just get on with it and make a decision regardless of what it is....lol

132.50? That much you think? I was looking at 140ish but not much further. Hmmm....
Ghost Rider - WWTBMD?
  • #3,315
  • Mar 27, 2013 8:28am Mar 27, 2013 8:28am
hey bro...

not seen you on here for yonks... hows it all going? you still updating on twitter?


Quoting ukdaytrader
Today could present the perfect opportunity to stay short if you are already in the black.
Tomorrow will be a big day I think and I can't see any other scenario than risk-off once the Cypriot banks decide what to do. They have already delayed the opening once, so tomorrow is about as good an opportunity as it gets imo.

Scenario 1 - Banks re-open and there are stampedes of Cypriot people withdrawing their savings.
Scenario 2 - Banks delay opening again and market very likely punishes them.

Scenario 3 - Banks re-open and everything is hunky...
"Millionaires don't use astrology, billionaires do"
  • #3,316
  • Mar 27, 2013 8:30am Mar 27, 2013 8:30am
Quoting forex_growth
still holding onto mine and added to them - only small numbers and moved stop losses just above - win win
Good Plan FG!

I'm making up for some losses Sunday/Monday so .. better banked than risked.

I figure at some point we'll get a bounce to reload.
Ghost Rider - WWTBMD?
  • #3,317
  • Mar 27, 2013 8:32am Mar 27, 2013 8:32am
Quoting albchr
Key phrase right there. I wish they'd just get on with it and make a decision regardless of what it is....lol

132.50? That much you think? I was looking at 140ish but not much further. Hmmm....
Yea, I have a rather weird way of reading regular divergence and although it's pretty much impossible to get the timing right, the play out areas always seem to get there. If you stick an MACD on the Weekly chart with a fib from the bottom to the top, 133.35 represents just the 50% fibo of the entire move. If we then get a bullish HD forming, we are still looking at a long term long.

We are in a long term uptrend imo, but need to clear out all the weak longs before we start the gradual. (and long), climb higher.

I also have a 1000 target for Gold. Crazy huh. lol
  • #3,318
  • Mar 27, 2013 8:37am Mar 27, 2013 8:37am
bro never be shy about that - the amount of times I have been stung clinging on and its bounced and I wished I had taken profit is unbearable sometimes.. LOL

my euro and eur/jpy doing beautifully well also so figured can afford to hang on this time and see how it plays out

Quoting albchr
Good Plan FG!

I'm making up for some losses Sunday/Monday so .. better banked than risked.

I figure at some point we'll get a bounce to reload.
"Millionaires don't use astrology, billionaires do"
  • #3,319
  • Mar 27, 2013 8:38am Mar 27, 2013 8:38am
Quoting ukdaytrader
Yea, I have a rather weird way of reading regular divergence and although it's pretty much impossible to get the timing right, the play out areas always seem to get there. If you stick an MACD on the Weekly chart with a fib from the bottom to the top, 133.35 represents just the 50% fibo of the entire move. If we then get a bullish HD forming, we are still looking at a long term long.

We are in a long term uptrend imo, but need to clear out all the weak longs before we start the gradual. (and long), climb higher.

I also have a 1000 target for...
Nothing crazy about any of it (especially the gold) when viewed that way. Thanks!
Ghost Rider - WWTBMD?
  • #3,320
  • Mar 27, 2013 8:40am Mar 27, 2013 8:40am
Quoting ukdaytrader
Yea, I have a rather weird way of reading regular divergence and although it's pretty much impossible to get the timing right, the play out areas always seem to get there. If you stick an MACD on the Weekly chart with a fib from the bottom to the top, 133.35 represents just the 50% fibo of the entire move. If we then get a bullish HD forming, we are still looking at a long term long.

We are in a long term uptrend imo, but need to clear out all the weak longs before we start the gradual. (and long), climb higher.

I also have a 1000 target for...

1000....works with the weak us dollar view.....global fundamental outlook is in the way ....is gold getting tired being up there for so long?
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