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Geppy's Geppy Thread (GBP/JPY)

  • #3,481
  • Mar 28, 2013 8:43am Mar 28, 2013 8:43am
Quoting albchr
Well I hope so but always remember, an open mind makes a better trader.

If I have to cut these shorts for a small loss I won't think twice about it. I've learned the hard way that hanging on to hope is a VERY costly approach in this business.

Your view now ?
  • #3,482
  • Mar 28, 2013 8:44am Mar 28, 2013 8:44am
Quoting blobsaudio
5 or 8 (depending on how you look at it) rejections at roughly the same point if this hourly fails to break through again.

Attachment
Yep, 142.90 is proving to be a tough nut to crack.

If anyone was seeing what Geppy was saying about the 50/800 cross on the 1H as confirmation, it happened 8 hours ago. And if you look at the 50/200sma trigger, it crossed at 144 (70 hours ago), The 50/200ema at 143.80 (63 hours ago) so it will be interesting to see if it falls hard.
Ghost Rider - WWTBMD?
  • #3,483
  • Mar 28, 2013 8:45am Mar 28, 2013 8:45am
Quoting netera
Your view now ?
Still holding and remaining open minded.
Ghost Rider - WWTBMD?
  • #3,484
  • Mar 28, 2013 8:49am Mar 28, 2013 8:49am
Quoting albchr
Yep, 142.90 is proving to be a tough nut to crack.

If anyone was seeing what Geppy was saying about the 50/800 cross on the 1H as confirmation, it happened 8 hours ago. And if you look at the 50/200sma trigger, it crossed at 144 (70 hours ago), The 50/200ema at 143.80 (63 hours ago) so it will be interesting to see if it falls hard.
Good morning!

Yeah, not a lot of action last night... this is really the only thing to note (the 50/800 cross). With the holiday tomorrow, we could very well be trapped in this consolidation mode until Monday. Lame, yes... but whatcha gonna do?

I'm still holding my shorts with same SL and TP. Nothing has change in my book.
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  • #3,485
  • Mar 28, 2013 9:01am Mar 28, 2013 9:01am
Quoting Geppy
Good morning!

Yeah, not a lot of action last night... this is really the only thing to note (the 50/800 cross). With the holiday tomorrow, we could very well be trapped in this consolidation mode until Monday. Lame, yes... but whatcha gonna do?

I'm still holding my shorts with same SL and TP. Nothing has change in my book.
Morning bud,

My thinking as well.
Ghost Rider - WWTBMD?
  • #3,486
  • Mar 28, 2013 9:25am Mar 28, 2013 9:25am
Quoting Geppy
Good morning!

Yeah, not a lot of action last night... this is really the only thing to note (the 50/800 cross). With the holiday tomorrow, we could very well be trapped in this consolidation mode until Monday. Lame, yes... but whatcha gonna do?

I'm still holding my shorts with same SL and TP. Nothing has change in my book.
Was Waiting your view
  • #3,487
  • Mar 28, 2013 9:48am Mar 28, 2013 9:48am
WHY so much tries to break up ?!!
  • #3,488
  • Mar 28, 2013 9:51am Mar 28, 2013 9:51am
Well, this isn't worth watching anymore. Perhaps the JPY news at 7:15 tonight will shake things around a bit.
Ghost Rider - WWTBMD?
  • #3,489
  • Mar 28, 2013 9:51am Mar 28, 2013 9:51am
Quoting netera
WHY so much tries to break up ?!!
Look at GBP/USD
  • #3,490
  • Mar 28, 2013 9:58am Mar 28, 2013 9:58am
good eye netera....that guarantees a break to the down side, the bond spreads in Japan are out of balance...but require just one good down move, it will have to be a big one,...to shake out the longs...then up big time and prolly fast...floor trader method. they have to get rid of some long traders to keep the uptrend...it's about the operators hitting stops, that's how they make money....

so the stops....."00" levels get clobbered, anywhere near there and they'll run the 00 by 22 pips at least. the other stop level is the "50" levels....they'll run them twice...the first time by a few pips....then the second time by 18 pips at least.
  • #3,491
  • Mar 28, 2013 10:10am Mar 28, 2013 10:10am
I have been building and building and building my longs, you can see my entry on the chart, Just riding the 2x1 gann line to 163

Wont be on too much, since I wont be by my computer that much during the trading day, why? lol I have a few limit orders around 142.25 and thats about it, I am all ready to for the flight to 163


I accidently positioned the gann entry a little bit too much to the right, the 2x1 line is actually a lot closer to the current price, providing nice support.
Attached Image (click to enlarge)
Click to Enlarge Name: gjgann.png Size: 64 KB
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  • #3,492
  • Mar 28, 2013 10:19am Mar 28, 2013 10:19am
Quoting Geppy
Good morning!

Yeah, not a lot of action last night... this is really the only thing to note (the 50/800 cross). With the holiday tomorrow, we could very well be trapped in this consolidation mode until Monday. Lame, yes... but whatcha gonna do?

I'm still holding my shorts with same SL and TP. Nothing has change in my book.
I have a short @ 142.76, gonna take it out @ be or a few pips if possible and then wait and see.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,493
  • Mar 28, 2013 10:21am Mar 28, 2013 10:21am
Quoting KillerWhale
I have a short @ 142.76, gonna take it out @ be or a few pips if possible and then wait and see.
You will get out. And it should go lower too...
  • #3,494
  • Mar 28, 2013 10:26am Mar 28, 2013 10:26am
Quoting KillerWhale
I have a short @ 142.76, gonna take it out @ be or a few pips if possible and then wait and see.
What does this mean ?
  • #3,495
  • Mar 28, 2013 10:27am Mar 28, 2013 10:27am
Look for 143.19 very soon....

I really want 145 by the end of the week but tomorrow being a bank holiday I highly doubt any big moves...Unless Kuroda says some interesting things tonight..


He knows that when his meeting starts the jpy pairs will go ballistic, that being the reason for him not trying to hurt the yen too much until then.
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  • #3,496
  • Mar 28, 2013 10:28am Mar 28, 2013 10:28am
Quoting publicjud
You will get out. And it should go lower too...
Took it out with 3 pips loss
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,497
  • Mar 28, 2013 10:29am Mar 28, 2013 10:29am
Quoting KillerWhale
Took it out with 3 pips loss
Right on time I think, it's going through 143
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,498
  • Mar 28, 2013 10:32am Mar 28, 2013 10:32am
huh...

its purely cable thats being the bitch...

still holding shorts - and stupid euro is doing my nut in LOL

wheeeeeeeeeeee

Quoting KillerWhale
Right on time I think, it's going through 143
"Millionaires don't use astrology, billionaires do"
  • #3,499
  • Mar 28, 2013 10:33am Mar 28, 2013 10:33am
I think 10 weeks of consolidation is enough
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  • #3,500
  • Mar 28, 2013 10:35am Mar 28, 2013 10:35am
Quoting BobGnarly
I think 10 weeks of consolidation is enough
SomeOne hack his account please
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