Geppy's Geppy Thread (GBP/JPY)

How do you see this close ?

SSSSsssssitssssssssassgoin'sssdownsssssSSS SSSfor the lassssst time not SSSunday

LMAO!

those lazy bastard @%$%#$#@$#@#@#@#...... pffttt mondays off indeed - albeit I cant say much seeing as I only work 3 days a week HAHA

you guys still holding?

Well the long I took earlier ended this week at zero pips, right at BE.

I'll close it as soon as I can on Sunday.

And I'll probably go short as soon as spreads die down to normal on Sunday afternoon

Hi KW,why short?looks to me like its a long call with the last 2 daily candles showing strength,just wondering........


Great thread btw guys

Are you still believing it will go down ? i am still holding my shorts to 141.60

Hey Tedge, saw you lurking all week but didn't see anything from you all week while she dropped. You had the same thought at the start of the week as well. Careful about being "too" biased bro.

I received this PM this morning and felt it should be posted here along with my response for others to see. I'm withholding the name of the member as I'm not trying to embarrass or attack anyone here. My response may seem a bit "cold" and quite honestly, it really is a bit out of my character but we're trying maintain a certain level of quality here and I feel (hoping) this may help set the tone.

EDIT: I should add I did receive the poster's permission to post this.

The PM...


My response...

Hi (?),

I prefer we keep questions on the thread as much as possible. That said....

First, When you've been on these forums as long as Geppy and I have, it's pretty easy to see those who are asking questions about trading "methods" from those asking "what they should do" about a trade. I think it's pretty obvious you're asking for advice about what to trade and how, rather than how to learn that for yourself. I don't appreciate your comment about Geppy here. He's done more to help others on this forum than I have but has become tired of folks asking "what to do" about their trades.

It's pretty obvious that you've used my break point of 143.30 to determine holding or not and it's also obvious you're now using Geppy's TP level of 141.60. When I asked you on the thread "Why you took those shorts and what target you had" you never replied. THESE are clear signs of someone following others and NOT trading on their own, for their own reasons. I can promise you this WILL CAUSE YOU TO FAIL because your situation (Account size, risk, experience, emotions etc..) are different and we have NO way to know them. So our approach is most certainly going to be different than yours.

Second, While the amount of change may vary, spreads with "most" brokers will widen during times of high or low volatility. Get used to it. Mine are currently (on market close) 8 pips. Normally they are 3 to 4.

Third, nobody has responded to your questions for a couple reasons I imagine. In the case of the one you asked me "Held as to not identify the poster", you asked me that an hour AFTER the market closed so, not much point in answering. Next, it's a HOLIDAY weekend man. Most "serious" trading folks aren't hanging around this forum to discuss trading.

Fourth, if you "think the answers are obvious", why are you asking the questions???

I'm going to post this on the thread but I will leave your name out of it because I'd like others to see that neither Geppy or I will entertain such comments or "complete" lack of the most basic concepts of trading. You really need to learn them before entering into a more advanced thread. I highly recommend going through ALL the courses at www.babypips.com to start with. Once you've successfully graduated you'll have a much better idea on how to come up with your own trading views.

We are in this thread to discuss trading views back and forth with one another. Not to teach these basic concepts.

Have a good "Holiday" weekend bro!

Look out everybody....thin markets will send some wild price action. There's no one around to hold in the reigns. last friday a week ago was the sell....a monster new low would help the uptrend because the market operators couldn't stand everybody and their brother being long on the GBP/JPY.... Their favorite.....! It fits the wave count, too! time for a wave four low. then blast outta that price level so fast nobody can catch up.

I'm into entry orders and everyone should buy the break of that week ago friday high.....

anyone pm me anytime for tips or explanation of anything.

Yeah I held on to my shorties, but I'll be looking to get out of them (and probably long) before the BoJ hoopla.

Gepp bro ,forgot to ask you , did u get the condo ?

Hello

Hello there.

bearish butterfly pattern still valid for GBP/JPY. If any chartist here let me know your views

It was a long story: we pulled our original offer, then a week later decided to revise it and go in again. Yesterday they came back with a very slight counter ($10k difference) and stated there was another offer on the table they were countering too. We agreed to the counter outright, then they ended up going with the other offer, apparently because it was higher.

So the search continues.

Maybe something better is waiting for you guys... Good Luck