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Geppy's Geppy Thread (GBP/JPY)

  • #3,861
  • Apr 3, 2013 10:44pm Apr 3, 2013 10:44pm
nabbed another at 142.35
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  • #3,862
  • Apr 3, 2013 10:44pm Apr 3, 2013 10:44pm
Quoting Geppy
Yeah, here's a more naked chart. Definitely need to break that upper trend line. Again, I think it's just a matter of time and I expect retracements to be very limited for now. We've got the press conference in an hour I believe. {image}
here we go geppy its goin up...
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  • #3,863
  • Apr 3, 2013 10:48pm Apr 3, 2013 10:48pm
Quoting fxrustyspoon
here we go geppy its goin up...
Indeed

There's really no good reason to go down for awhile. Should be consolidation, up, consolidation, up, repeat for awhile now.
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  • #3,864
  • Apr 3, 2013 11:04pm Apr 3, 2013 11:04pm
Well I totally passed out and missed all the action. What the heck happened? I take it more easing? Or...fake here?
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  • #3,865
  • Apr 3, 2013 11:13pm Apr 3, 2013 11:13pm
snagged more at 143.14
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  • #3,866
  • Apr 3, 2013 11:13pm Apr 3, 2013 11:13pm
Quoting Geppy
Indeed There's really no good reason to go down for awhile. Should be consolidation, up, consolidation, up, repeat for awhile now.
The Bulls are out in force and looking for spots to go long. It sounds like the BOJ statement not only exceeded expectations but blew them out of the water! The big decision now is where to trail stops so as not to get taken out by any consolidation.
  • #3,867
  • Apr 3, 2013 11:20pm Apr 3, 2013 11:20pm
Quoting derabuf
The Bulls are out in force and looking for spots to go long. It sounds like the BOJ statement not only exceeded expectations but blew them out of the water! The big decision now is where to trail stops so as not to get taken out by any consolidation.
It's literally been FREE MONEY for at least the last hour... if you haven't been buying, you're insane in my book.

Like I said, there's no good reason to get out of longs right now. Everyone was expecting a disappointment and now they see the BoJ came to play. I don't see any reason why we couldn't test at least 146 this week.
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  • #3,868
  • Apr 3, 2013 11:28pm Apr 3, 2013 11:28pm
Quoting Geppy
It's literally been FREE MONEY for at least the last hour... if you haven't been buying, you're insane in my book. Like I said, there's no good reason to get out of longs right now. Everyone was expecting a disappointment and now they see the BoJ came to play. I don't see any reason why we couldn't test at least 146 this week.
Did I say this week? It could happen TOMORROW at this rate
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  • #3,869
  • Apr 3, 2013 11:29pm Apr 3, 2013 11:29pm
Better late than never I guess. Kind of feels like I'm jumping on the caboose here though.
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  • #3,870
  • Apr 3, 2013 11:30pm Apr 3, 2013 11:30pm
Quoting Geppy
It's literally been FREE MONEY for at least the last hour... if you haven't been buying, you're insane in my book. Like I said, there's no good reason to get out of longs right now. Everyone was expecting a disappointment and now they see the BoJ came to play. I don't see any reason why we couldn't test at least 146 this week.
this is a sad day, i had a few longs around 141.20 with TP

just woke up
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  • #3,871
  • Apr 3, 2013 11:30pm Apr 3, 2013 11:30pm
Quoting Geppy
It's literally been FREE MONEY for at least the last hour... if you haven't been buying, you're insane in my book. Like I said, there's no good reason to get out of longs right now. Everyone was expecting a disappointment and now they see the BoJ came to play. I don't see any reason why we couldn't test at least 146 this week.
Lolz, we're up 350 pips in the last 2.5 hours.
I think it was kind of to be expected.
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  • #3,872
  • Apr 3, 2013 11:30pm Apr 3, 2013 11:30pm
Quoting albchr
Better late than never I guess. Kind of feels like I'm jumping on the caboose here though. {image}
HA! You literally posted that 1 minute ago and we're already above 144... you're fine bro
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  • #3,873
  • Apr 3, 2013 11:31pm Apr 3, 2013 11:31pm
Quoting KillerWhale
Lolz, we're up 350 pips in the last 2.5 hours. I think it was kind of to be expected.
Expected? Is that why you shorted "the top" like an hour+ ago?
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  • #3,874
  • Apr 3, 2013 11:33pm Apr 3, 2013 11:33pm
Quoting KillerWhale
Lolz, we're up 350 pips in the last 2.5 hours. I think it was kind of to be expected.
Actually 380 pips up
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  • #3,875
  • Apr 3, 2013 11:34pm Apr 3, 2013 11:34pm
Quoting KillerWhale
Actually 380 pips up
I'm short @ 144.09
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  • #3,876
  • Apr 3, 2013 11:35pm Apr 3, 2013 11:35pm
Quoting Geppy
Did I say this week? It could happen TOMORROW at this rate
Yes!

Surely the MPC Rate News won't rain on this parade??
  • #3,877
  • Apr 3, 2013 11:35pm Apr 3, 2013 11:35pm
Quoting Geppy
Expected? Is that why you shorted "the top" like an hour+ ago?
That one was closed out very quikly
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  • #3,878
  • Apr 3, 2013 11:40pm Apr 3, 2013 11:40pm
hope you guys have been getting yours in?? sorry been quiet - other doc been on hols so Ive been working full time - pfftt not used to working more than 3 days a week HAHA

missed out on all the shorts Im sad to say - but this was worth the wait - gonna hold also - Geps what you looking for as target bro? Id like to see break of 145.2ish area and close above
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  • #3,879
  • Apr 3, 2013 11:48pm Apr 3, 2013 11:48pm
Quoting forex_growth
hope you guys have been getting yours in?? sorry been quiet - other doc been on hols so Ive been working full time - pfftt not used to working more than 3 days a week HAHA missed out on all the shorts Im sad to say - but this was worth the wait - gonna hold also - Geps what you looking for as target bro? Id like to see break of 145.2ish area and close above {image}
Good to see you, FG! I'm glad you scooped some on this glorious Wednesday night move

Not sure on target yet. I'd like to see a break of the lavender trend line and a test of the highs from the 15th around 146.

After that, a retest of the lavender line as support would be ideal before another leg up to test and/or break 148.

The next 12 hours should give us some clues. It's too one-directional now to think about bailing
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  • #3,880
  • Apr 3, 2013 11:53pm Apr 3, 2013 11:53pm
And still that weekly TL holds for a bounce...LOL If this easing is for real, I REALLY want to see it smashed this week!
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