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Geppy's Geppy Thread (GBP/JPY)

  • #3,921
  • Apr 4, 2013 3:47am Apr 4, 2013 3:47am
Quoting 100PipsADay
Just PM me if you have any questions about that strategy and I'll do my best to keep it short, sweet, and to the point.
Just put a PDF together and attach it to your first page. After all, you have time Mr. Autobot ... LOL
Ghost Rider - WWTBMD?
  • #3,922
  • Apr 4, 2013 3:51am Apr 4, 2013 3:51am
Quoting Geppy
There's absolutely no such thing as too high or too low. The market dictates price, it's never too high to buy or too low to sell.
I know that, but to go long in one day when we are already 380 pips up goes a little bit too far for me.
It's like going long when when you are at the third pivot resistance.
That's just a thing that I don't do.

I'd rather wait a day.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #3,923
  • Apr 4, 2013 3:51am Apr 4, 2013 3:51am
Quoting forex_growth
better than expected gbp pmi... hopefully kick cable up 100 PIPS wheeeee
Yep, the pound is trying again. an hour ago this 4H bar was at the bottom....lol
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #3,924
  • Apr 4, 2013 4:13am Apr 4, 2013 4:13am
Well the 61.8 held this last 4H down. I'll likely cash in these longs soon and await a pullback to reload. A test of the TL and or the 50% would be a nice place if it get's there.
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Ghost Rider - WWTBMD?
  • #3,925
  • Apr 4, 2013 4:18am Apr 4, 2013 4:18am
I was umming and arring alot whether to share this - was just gonna share with a few but seeing as you cant PM charts its always worth sharing some fun.

anyways this was just a little experiment I decided to do with one of my accounts - I have a few. so the experiment revolved around the "hope" that BOJ would walk the walk... I transferred my money out and left 100 bucks. I dont mind losing this if it goes wrong and the so called result could be better than 100 bucks loss so who cares.

please note: This is not a strategy, this is not how one should conduct themselves in forex, and I am not trying to sell anyone anything here haha it was just a little bit of fun.

so I bought geppy at 30 cents a pip to start off with, twice. my stop loss was 25 pips. I then set buy stops at different intervals, each getting bigger as my balance went up and got larger - I maxed at 2 x 80 cents a pip along with many at 50 cents a pip. I did this with eurjpy also.. I then left it went to see my patients.

Since I have added a few - only at 10 and 20 cents a pip for fun extra fun.

anyhoo - I just wanted to share the results - it paid off well and ultimately I should just close shop - but seeing as initial investment is safe I may as well see how far it goes...

sharing is caring!

Ive got a busy evening shift and then rugby training tonight so catch you all laters...

ciao ciao
Attached Image (click to enlarge)
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"Millionaires don't use astrology, billionaires do"
  • #3,926
  • Apr 4, 2013 4:26am Apr 4, 2013 4:26am
Quoting forex_growth
I was umming and arring alot whether to share this -.....{image}
Oh man! Now I'm just jealous

Goes to show that a little luck can go a long way!

NICE!!
Ghost Rider - WWTBMD?
  • #3,927
  • Apr 4, 2013 4:29am Apr 4, 2013 4:29am
haha thanks bro - nah dont be it could have gone totally opposite way!!

I did hesitate whether to put it up - not there as bragging right - was just exciting to see and wanted to share with friends- as long as people understand its something I could have lost without any problems in terms of the 100 bucks, and its not a normal way to manage your money, then a little bit of fun n experimentation never harms anyone... I think hahahahah



Quoting albchr
Oh man! Now I'm just jealous Goes to show that a little luck can go a long way! NICE!!
"Millionaires don't use astrology, billionaires do"
  • #3,928
  • Apr 4, 2013 4:30am Apr 4, 2013 4:30am
Quoting GDR3k
Been a busy couple of days outside of trading and will be quite busy for the rest of the week, I'm still holding my long from 142.55 and entered long again at 141 at the 61% fib, right now though I'm scalping the small waves of this upmove going for around 10-20 pips at at time, whatever negative I'm in right now off that 142.55 long should be countered soon.
Just closed both of those long positions at 143.75 for +120 and +275. I'd been in negative for over a week from the long position at 142.55 and its finally nice to see some profit, it was a nice sight when I looked at the chart this morning thats for sure.
  • #3,929
  • Apr 4, 2013 4:34am Apr 4, 2013 4:34am
Quoting forex_growth
haha thanks bro - nah dont be it could have gone totally opposite way!! I did hesitate whether to put it up - not there as bragging right - was just exciting to see and wanted to share with friends- as long as people understand its something I could have lost without any problems in terms of the 100 bucks, and its not a normal way to manage your money, then a little bit of fun n experimentation never harms anyone... I think hahahahah
Absolutely bro. That's like throwing a 100 bucks on the craps table and hitting it...LOL Dam nice chunk of beer money there.
Ghost Rider - WWTBMD?
  • #3,930
  • Apr 4, 2013 4:37am Apr 4, 2013 4:37am
Quoting GDR3k
Just closed both of those long positions at 143.75 for +120 and +275. I'd been in negative for over a week from the long position at 142.55 and its finally nice to see some profit, it was a nice sight when I looked at the chart this morning thats for sure.
Yeah you held that for a long time bro. Glad to see it work out for you.

Obviously I'm kicking myself for letting my longs go this morning. But that's what I get for trying to read the fundies. Both Geppy and I took longs at the same time but he held out as you did. Oh well, more to be made around the corner but just once I'd like to grab one of these quick, easy money killer moves.
Ghost Rider - WWTBMD?
  • #3,931
  • Apr 4, 2013 4:47am Apr 4, 2013 4:47am
Quoting albchr
Yeah you held that for a long time bro. Glad to see it work out for you. Obviously I'm kicking myself for letting my longs go this morning. But that's what I get for trying to read the fundies. Both Geppy and I took longs at the same time but he held out as you did. Oh well, more to be made around the corner but just once I'd like to grab one of these quick, easy money killer moves.
Aye, It could of gone either way depending on what the BOJ said. I'm going back to scalping next week as I can make a lot more on the percentage side.
  • #3,932
  • Apr 4, 2013 4:52am Apr 4, 2013 4:52am
nice bro - so good to see negatives turn to positives! good end to the week well played

Quoting GDR3k
Just closed both of those long positions at 143.75 for +120 and +275. I'd been in negative for over a week from the long position at 142.55 and its finally nice to see some profit, it was a nice sight when I looked at the chart this morning thats for sure.
"Millionaires don't use astrology, billionaires do"
  • #3,933
  • Apr 4, 2013 4:53am Apr 4, 2013 4:53am
always plenty more to be made bro and yours is around corner! I cut my shorts waaaay too early beginning of this week - and this helped pay it back up - so swings and roundabouts I reckon

Quoting albchr
Yeah you held that for a long time bro. Glad to see it work out for you. Obviously I'm kicking myself for letting my longs go this morning. But that's what I get for trying to read the fundies. Both Geppy and I took longs at the same time but he held out as you did. Oh well, more to be made around the corner but just once I'd like to grab one of these quick, easy money killer moves.
"Millionaires don't use astrology, billionaires do"
  • #3,934
  • Apr 4, 2013 4:56am Apr 4, 2013 4:56am
Quoting forex_growth
nice bro - so good to see negatives turn to positives! good end to the week well played
Cheers, I'm keeping out the markets today and that will probably be it for the week, today looks to be quite crazy all for the wrong reasons ; http://www.forexfactory.com/calendar.php?day=apr4.2013
  • #3,935
  • Apr 4, 2013 5:11am Apr 4, 2013 5:11am
holy crap!!!! $&(*#&%(*#$*%(#(... LOL didnt see all of that - hmmm to hold or to close - got feeling BOE are going to rape themselves as per usual with regards to their conferences... hmmmmmmmm

on the other hand the ECB and BOE could make things even more bullish and end this day for me with a gargantuant haul... LOL



Quoting GDR3k
Cheers, I'm keeping out the markets today and that will probably be it for the week, today looks to be quite crazy all for the wrong reasons ; http://www.forexfactory.com/calendar.php?day=apr4.2013
"Millionaires don't use astrology, billionaires do"
  • #3,936
  • Apr 4, 2013 5:18am Apr 4, 2013 5:18am
just to add to my experiment - this is what my eurjpy looked like.

due to the leverage I could not start with an open position on eurjpy as I had 2 on geppy - so figured Id just use buy stops and as account grew from geppy then Id have funds to kick open these trades...
Attached Image (click to enlarge)
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"Millionaires don't use astrology, billionaires do"
  • #3,937
  • Apr 4, 2013 5:27am Apr 4, 2013 5:27am
Quoting forex_growth
holy crap!!!! $&(*#&%(*#$*%(#(... LOL didnt see all of that - hmmm to hold or to close - got feeling BOE are going to rape themselves as per usual with regards to their conferences... hmmmmmmmm on the other hand the ECB and BOE could make things even more bullish and end this day for me with a gargantuant haul... LOL
Yeah, still some news that's sure to stir things up a bit. I'm wondering about holding or not as well. Unless I remove my stops the whips would probably take me out for next to nothing anyway. Hmmm...to bank or gamble...always the question.

But it doesn't run much flatter...lol
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #3,938
  • Apr 4, 2013 5:36am Apr 4, 2013 5:36am
I know its one of those where you tighten stops... and its drops... bangs them out within a pip or 2 and rockets opposite way

Im gonna hold - Ive done well and am happy - also if it drops loads then I'll just reload again and take it from there - time will tell - Im thinking luck has been good so far - why not ride the bitch out for all she has

Quoting albchr
Yeah, still some news that's sure to stir things up a bit. I'm wondering about holding or not as well. Unless I remove my stops the whips would probably take me out for next to nothing anyway. Hmmm...to bank or gamble...always the question. But it doesn't run much flatter...lol {image}
"Millionaires don't use astrology, billionaires do"
  • #3,939
  • Apr 4, 2013 5:41am Apr 4, 2013 5:41am
Quoting forex_growth
I know its one of those where you tighten stops... and its drops... bangs them out within a pip or 2 and rockets opposite way Im gonna hold - Ive done well and am happy - also if it drops loads then I'll just reload again and take it from there - time will tell - Im thinking luck has been good so far - why not ride the bitch out for all she has
For sure FG, in your shoes I'd do the same without a second thought. But getting in so late and so high? Taking it is probably best for the account. I can always find another entry either lower or higher. But waiting and wondering is the real account killer!
Ghost Rider - WWTBMD?
  • #3,940
  • Apr 4, 2013 5:47am Apr 4, 2013 5:47am
Quoting albchr
Just banked my weakest long for 42. Keeping the other two and looking to see if 144 goes or holds.
Ok, banked my next weakest long for 40. Still holding one for now.
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