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Geppy's Geppy Thread (GBP/JPY)

  • #3,861
  • Apr 4, 2013 12:44am Apr 4, 2013 12:44am
nabbed another at 142.35
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  • #3,862
  • Apr 4, 2013 12:44am Apr 4, 2013 12:44am
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 4, 2013 12:48am Apr 4, 2013 12:48am
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 4, 2013 1:04am Apr 4, 2013 1:04am
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 4, 2013 1:13am Apr 4, 2013 1:13am
snagged more at 143.14
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  • #3,866
  • Apr 4, 2013 1:13am Apr 4, 2013 1:13am
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 4, 2013 1:20am Apr 4, 2013 1:20am
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 4, 2013 1:28am Apr 4, 2013 1:28am
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 4, 2013 1:29am Apr 4, 2013 1:29am
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 4, 2013 1:30am Apr 4, 2013 1:30am
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 4, 2013 1:30am Apr 4, 2013 1:30am
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 4, 2013 1:30am Apr 4, 2013 1:30am
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 4, 2013 1:31am Apr 4, 2013 1:31am
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 4, 2013 1:33am Apr 4, 2013 1:33am
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 4, 2013 1:34am Apr 4, 2013 1:34am
Quoting KillerWhale
Actually 380 pips up
I'm short @ 144.09
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  • #3,876
  • Apr 4, 2013 1:35am Apr 4, 2013 1:35am
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 4, 2013 1:35am Apr 4, 2013 1:35am
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 4, 2013 1:40am Apr 4, 2013 1:40am
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 4, 2013 1:48am Apr 4, 2013 1:48am
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 4, 2013 1:53am Apr 4, 2013 1:53am
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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