Geppy's Geppy Thread (GBP/JPY) | Page 171 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Geppy - Pick the bottom 18 replies

Lets Talk GBP/JPY "the geppy" 156 replies

geppy is "ugly" when ? 14 replies

Geppy outlook 0 replies

Attachments: Geppy's Geppy Thread (GBP/JPY)
Exit Attachments

Geppy's Geppy Thread (GBP/JPY)

  • #3,401
  • Mar 27, 2013 4:31pm Mar 27, 2013 4:31pm
Quoting Fx3423454
Wow, you guys are finally out of your long bias.

Good for you.
Sure, over 700 bull pips is enough until it says we can do the same on bear pips for a while. Make no mistake though, it's still a bullish trend overall. No bias, just following price.
Ghost Rider - WWTBMD?
  • #3,402
  • Mar 27, 2013 4:33pm Mar 27, 2013 4:33pm
Quoting Fx3423454
Wow, you guys are finally out of your long bias.

Good for you.
Always stay flexible, dude. We made pips both ways
check out my blog: forexmademillionaire dot com
  • #3,403
  • Mar 27, 2013 4:46pm Mar 27, 2013 4:46pm
yep, that 50-200 period cross-over was the bomb.....caught my attention.....those thomson IFR boys were all about the 50ma being above or below the price.....on usd/jpy....
  • #3,404
  • Edited 5:48pm Mar 27, 2013 5:23pm | Edited 5:48pm
hmm. lots of bears here okay im going long then because 95% lose and only 5% win in this market so this means since everyone is selling i should go long !
  • #3,405
  • Mar 27, 2013 5:36pm Mar 27, 2013 5:36pm
Quoting Robot
hmm. lots of bears here okay im going long then because 95% loose and only 5% win in this market so this means since everyone is selling i should go long !
So Wise
  • #3,406
  • Mar 27, 2013 5:37pm Mar 27, 2013 5:37pm
Quoting albchr
Sure, over 700 bull pips is enough until it says we can do the same on bear pips for a while. Make no mistake though, it's still a bullish trend overall. No bias, just following price.

No Movement , I am not surprised , I am sure you went to sleep
  • #3,407
  • Mar 27, 2013 5:38pm Mar 27, 2013 5:38pm
142.95, could this be turning point?
How to Win at Sports Betting: DON'T DO IT!
  • #3,408
  • Mar 27, 2013 5:40pm Mar 27, 2013 5:40pm
Quoting Robot
hmm. lots of bears here okay im going long then because 95% loose and only 5% win in this market so this means since everyone is selling i should go long !
There are so many things wrong with this statement. Where do I begin?

1) 95% of traders don't lose money. You've probably seen this highly inaccurate statistic touted by many a n00b and, being too lazy to think for yourself, took it for the truth. Here is some real data on the percentage of profitable traders by broker.

2) You mistakenly believe that the majority of traders on FF accurately represents the views of the retail trading market as a whole. That would be like going into a gym in the United States and expecting to see 35% of the people there suffering from obesity since 35% of the US population is now obese. I would argue that the individuals that express their views here on this thread are much like those at a gym: more in tune with trading and better traders than the average retail trader. They've gone out of their way to learn from others, share their views, and become better. I have no doubt we are not representative of the majority.

3) "loose" (with two o's) is something you would expect from a slut, as in "That chick is loose!" . What you should have typed is "lose", as in "By posting such crap in this thread, you lose any potential respect I might have had for you".

That is all.
check out my blog: forexmademillionaire dot com
  • #3,409
  • Mar 27, 2013 5:42pm Mar 27, 2013 5:42pm
Quoting Robot
hmm. lots of bears here okay im going long then because 95% loose and only 5% win in this market so this means since everyone is selling i should go long !
That might be partly true for the EURUSD thread with 55000 pages and hundreds of traders (the number is not 95% btw), but not necessarily for this specialized thread with relatively more experienced traders.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,410
  • Mar 27, 2013 5:44pm Mar 27, 2013 5:44pm
Quoting KillerWhale
That might be partly true for the EURUSD thread with 55000 pages and hundreds of traders (the number is not 95% btw), but not necessarily for this specialized thread with relatively more experienced traders.
got it covered, bro
check out my blog: forexmademillionaire dot com
  • #3,411
  • Mar 27, 2013 5:46pm Mar 27, 2013 5:46pm
Quoting Geppy
There are so many things wrong with this statement. Where do I begin?

1) 95% of traders don't lose money. You've probably seen this highly inaccurate statistic touted by many a n00b and, being too lazy to think for yourself, took it for the truth. Here is some real data on the percentage of profitable traders by broker.

2) You mistakenly believe that...
lol Relax buddy a little sarcasm? take a nice deep breath. If i knew you would show so much anger towards my reply, i wouldn't have wrote that.
  • #3,412
  • Mar 27, 2013 5:46pm Mar 27, 2013 5:46pm
Quoting Geppy
.

3) Loose (with two o's) is something you would expect from a slut, as in "That chick is loose!" . What you should have typed is "lose", as in "By posting such crap in this thread, you lose any potential respect I might have had for you".

That is all.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,413
  • Mar 27, 2013 5:49pm Mar 27, 2013 5:49pm
Too bad I didn't add short @ 1.4290 but when it was there I had 20 pip spread on Oanda.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,414
  • Mar 27, 2013 5:53pm Mar 27, 2013 5:53pm
Quoting KillerWhale
lol its funny first he wrote that chick is lose then he edited it the same goes for me
  • #3,415
  • Mar 27, 2013 5:55pm Mar 27, 2013 5:55pm
Quoting KillerWhale
Too bad I didn't add short @ 1.4290 but when it was there I had 20 pip spread on Oanda.
I did , I am so happy i began to build my own view and always check this thread to compare my view with yours
  • #3,416
  • Mar 27, 2013 5:55pm Mar 27, 2013 5:55pm
Quoting Robot
lol Relax buddy a little sarcasm? take a nice deep breath. If i knew you would show so much anger towards my reply, i wouldn't have wrote that.
Again, lots of stuff wrong with your post.

You're original post wasn't sarcasm, that I'm sure. You're obviously now trying to backpedal by claiming it was.

There was no "anger" coming from me, just pure annoyance.

You did not "reply" to anything... it was a post. A reply is what I'm doing right now.

Grammar lessons provided for free, courtesy Kibin.Com
check out my blog: forexmademillionaire dot com
  • #3,417
  • Edited 6:33pm Mar 27, 2013 6:23pm | Edited 6:33pm
Quoting Geppy
1) 95% of traders don't lose money. You've probably seen this highly inaccurate statistic touted by many a n00b and, being too lazy to think for yourself, took it for the truth. Here is some real data on the percentage of profitable traders by broker.
yeah sorry for busting in - these numbers donīt mean much, not enough information. i suppose stuff like this is put out by brokers to lure suckers into the game. I came across a "real" study about daytrading lately (large sample size and long time horizon). results: 0,27% were consistently profitable and they averaged 5% a year. bad news. ok now that i have a foot in the thread - can I ask you questions about swing/position trading from time to time in this thread or is this gbp/jpy only?


edit: was about daytrading stocks
  • #3,418
  • Mar 27, 2013 6:44pm Mar 27, 2013 6:44pm
Quoting Myo
yeah sorry for busting in - these numbers donīt mean much, not enough information. i suppose stuff like this is put out by brokers to lure suckers into the game. I came across a "real" study about daytrading lately (large sample size and long time horizon). results: 0,27% were consistently profitable and they averaged 5% a year. bad news. ok now that i have a foot in the thread - can I ask you questions about swing/position trading from time to time in this thread or is this gbp/jpy only?


edit: was about daytrading stocks
I would definitely NOT spend so many hours for making 5% per year.
And yes it is GJ only.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,419
  • Mar 27, 2013 6:49pm Mar 27, 2013 6:49pm
Quoting Myo
yeah sorry for busting in - these numbers donīt mean much, not enough information. i suppose stuff like this is put out by brokers to lure suckers into the game. I came across a "real" study about daytrading lately (large sample size and long time horizon). results: 0,27% were consistently profitable and they averaged 5% a year. bad news. ok now that i have a foot in the thread - can I ask you questions about swing/position trading from time to time in this thread or is this gbp/jpy only?


edit: was about daytrading stocks
Actually, with the new regulations that have been put out these last few years, brokers are required to "open" the books a bit more. I really don't think they'd be advertising that 25ish percent of traders are profitable... it really isn't a large chunk and definitely not encouraging to some one new. Once you start wondering what "profitable" means, it opens up a whole bunch of other possibilities. What percentage actually make a fair amount of money? You can be it's not that full 25% as most are probably just doing a bit better than break even, etc.

I'm not sure this is the thread to discuss swing trading, although you'll see stuff pop up from time to time. I'm sure there's got to be some educational threads on that here on FF.
check out my blog: forexmademillionaire dot com
  • #3,420
  • Mar 27, 2013 7:07pm Mar 27, 2013 7:07pm
Quoting Geppy
Actually, with the new regulations that have been put out these last few years, brokers are required to "open" the books a bit more. I really don't think they'd be advertising that 25ish percent of traders are profitable... it really isn't a large chunk and definitely not encouraging to some one new. Once you start wondering what "profitable" means, it opens up a whole bunch of other possibilities. What percentage actually make a fair amount of money? You can be it's not that full 25% as most are probably just doing a bit better than break even,...
OK Iīll find another place. Itīs just that all the old guys are gone: piptrapper, skynet, holy cow, that "equity millipede"-dude etc. Makes it kinda hard. Noone left except for you, it seems. And Iīve read the old stuff, of course, but as the name implies itīs old, petrified stuff. Markets are moving though. Live discussions are healthier, more fun. OK Iīm out for now.

edit: I think 25% win rate is promising enough for the average guy to open an account. Hell, even 5% sucess rate is enough for some to keep chasing that dream relentlessly.
6 traders viewing now