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Geppy's Geppy Thread (GBP/JPY)

  • #3,541
  • Mar 28, 2013 1:06pm Mar 28, 2013 1:06pm
Quoting GDR3k
This pair loves the 50ema on the daily chart, there is always some sort of reaction when price hits it or is near it, take a look below.
Put a 100ema on that chart and have a look. The 50 is always close for sure but price "generally" trades thru it. The 100 provides more bounces and turns IMO. See where the 100 is on the daily now? It's 140.45 and 141ish has been my target for these shorts.

But in the end, who knows? Some mouth or news could come out and turn all the technicals on their head.
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  • #3,542
  • Mar 28, 2013 1:07pm Mar 28, 2013 1:07pm
Short 143.02 tp 30 pips
  • #3,543
  • Mar 28, 2013 1:08pm Mar 28, 2013 1:08pm
Quoting tafy68
Short 143.02 tp 30 pips
Just thinking,

This trading above 143.00 and combined with a new month starting Monday, it could be that our detour South has ended.
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  • #3,544
  • Mar 28, 2013 1:09pm Mar 28, 2013 1:09pm
Quoting BobGnarly
1st hourly close above 143 in 33 hours
We get one above 143.30 and I'll start to sweat...lol
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  • #3,545
  • Mar 28, 2013 1:10pm Mar 28, 2013 1:10pm
Quoting KillerWhale
Just thinking,

This trading above 143.00 and combined with a new month starting Monday, it could be that our detour South has ended.
So I'm flat till things get clear.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,546
  • Mar 28, 2013 1:16pm Mar 28, 2013 1:16pm
No question the GBP is pushing higher but it has that nasty ole 50% just above it. The yen is also showing strength but not much today. They are both getting stronger at the same time with pound just a little ahead. Still a tossup in my book and the reason for this chop.
Attached Image (click to enlarge)
Click to Enlarge Name: LFXJPY_GBPLFX_DAILY.PNG Size: 66 KB
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  • #3,547
  • Mar 28, 2013 1:24pm Mar 28, 2013 1:24pm
Quoting KillerWhale
So I'm flat till things get clear.


I will be really excited with a monthly close over 143, That combined with next weeks boj meeting can be a very nice combo
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  • #3,548
  • Mar 28, 2013 1:33pm Mar 28, 2013 1:33pm
Quoting BobGnarly
I will be really excited with a monthly close over 143, That combined with next weeks boj meeting can be a very nice combo
You say that as if you know what the outcome of that meeting will be. Do you?

I have no idea of course but being that I've seen them (them being the big mouths in all countries) spend months telling us one thing, and then do another time and time again, I can't rely on events like that. Especially for "predictive" purposes.

After all the hype over the past year, I'd just LOVE to see them pull a reverse and watch the YEN go thru the roof...LOL Not because I'm short, just because....
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  • #3,549
  • Mar 28, 2013 1:40pm Mar 28, 2013 1:40pm
Quoting albchr
Nope, I don't but hey, that's just me. I don't get spooked by a few pips on the Beast bro.

Let's see what happens when it hit's the TL and 100ema in my last 1H chart post. Whoops....bouncing as I type...
Gotta agree with this. Once I have what I consider a decent position, I'm not getting out unless my SL is hit. Doing so would not only violate my trade plan, but it's just too risky. What if price doesn't come back to give you a new, solid entry? One of the hardest things to do is find and take good entries... there's no reason to have to do it more than what is necessary.

Plus, it's much easier to just sit on my hands and wait for TP or SL
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  • #3,550
  • Mar 28, 2013 1:49pm Mar 28, 2013 1:49pm
Quoting albchr
The one thing I will say is, it seems we've had a fair amount of late day moves this month. Perhaps today will give us some? Doubt it but maybe...lol
Guess I was wrong. More late day moves but I have to say, this slow crawl up with yen news coming in about 2-1/2 hours is somewhat suspicious to me.
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  • #3,551
  • Mar 28, 2013 2:04pm Mar 28, 2013 2:04pm
Quoting albchr
Guess I was wrong. More late day moves but I have to say, this slow crawl up with yen news coming in about 2-1/2 hours is somewhat suspicious to me.
I want to ask something , i see these news on the homepage of FF with yellow and orange icons ( low - medium ) impact . Should i give them that attention ?
  • #3,552
  • Mar 28, 2013 2:05pm Mar 28, 2013 2:05pm
Quoting albchr
Guess I was wrong. More late day moves but I have to say, this slow crawl up with yen news coming in about 2-1/2 hours is somewhat suspicious to me.
I wouldn't hold your breath. News out of Japan hasn't had much effect lately...
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  • #3,553
  • Mar 28, 2013 2:24pm Mar 28, 2013 2:24pm
SL = 143.50
  • #3,554
  • Mar 28, 2013 2:27pm Mar 28, 2013 2:27pm
Quoting Geppy
I wouldn't hold your breath. News out of Japan hasn't had much effect lately...
Oh I'm not. Remember yesterday when I said I had one position left to play and I was thinking about placing it if we reached yesterday's DP at 143.16? I'm still thinking about that. But slow moves like this always through me off a bit...lol
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  • #3,555
  • Mar 28, 2013 2:37pm Mar 28, 2013 2:37pm
Quoting netera
I want to ask something , i see these news on the homepage of FF with yellow and orange icons ( low - medium ) impact . Should i give them that attention ?
Probably better to ask a fundamental trader really. But as far as the "impact" colors, I imagine FF knows enough to have them correct.
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  • #3,556
  • Mar 28, 2013 2:39pm Mar 28, 2013 2:39pm
Quoting albchr
Oh I'm not. Remember yesterday when I said I had one position left to play and I was thinking about placing it if we reached yesterday's DP at 143.16? I'm still thinking about that. But slow moves like this always through me off a bit...lol
I'd consider doing the same, but I'm locked and loaded from a risk perspective... just sittin on my hands.
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  • #3,557
  • Mar 28, 2013 2:46pm Mar 28, 2013 2:46pm
Quoting Geppy
I'd consider doing the same, but I'm locked and loaded from a risk perspective... just sittin on my hands.
Maybe too late...LOL

Wow! Did I really spell throw "through" on that last post??? Geezzzz Chris! ...
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  • #3,558
  • Mar 28, 2013 3:17pm Mar 28, 2013 3:17pm
Quoting albchr
Maybe too late...LOL

Wow! Did I really spell throw "through" on that last post??? Geezzzz Chris! ...
any hope ??
  • #3,559
  • Mar 28, 2013 3:18pm Mar 28, 2013 3:18pm
Quoting albchr
Maybe too late...LOL

Wow! Did I really spell throw "through" on that last post??? Geezzzz Chris! ...
Yeah, I noticed
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  • #3,560
  • Mar 28, 2013 3:38pm Mar 28, 2013 3:38pm
Quoting BobGnarly
Look for 143.19 very soon....
Very pleased with breaching that level.... 143.38 next on the list... looking to add there and adjust stops accordingly..


It's been weeks of getting stopped close to BE.. This is the cost of getting the start of the next leg up, and having a 2000 pip tp.


Possible ema crossover about to happen on the 4hr, could have some significance
Attached Image (click to enlarge)
Click to Enlarge Name: crossover ema.png Size: 74 KB
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