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Geppy's Geppy Thread (GBP/JPY)

  • #4,021
  • Apr 4, 2013 11:31am Apr 4, 2013 11:31am
Scrat ... I doubt if anyone held their full trade for 600 pips ... lol .. It's not exactly an everyday occurrence !!

I should print it out and display it next to my new pin up hero, Kuroda san (powerful man, but he looks like a typical salary man) ....

Guys, I don't post much, 'cause I simply trade breakouts, with a tad of intuition that one seems to pick up over time ..

An amazing day for the trading archives .. G'night (Japan time) ..
  • #4,022
  • Apr 4, 2013 11:37am Apr 4, 2013 11:37am
speaking of which - on the same page with the pullback but i'll evaluate the configuration tomorrow after market close. as far as i can see at this very moment, it should go back to at least 142.80 BUT this value will go up by the end of the trading week. same goes for u-j, about 94. we'll see.

Quoting Geppy
Yeah, I hope we get a pullback too {image}
Nihil Sine Deo.
  • #4,023
  • Apr 4, 2013 11:38am Apr 4, 2013 11:38am
Quoting Geppy
In my mind, it's not about the losses... think of all the pips you've lost by trying to buck the trend. That's what we call "opportunity cost", my friend.
600 pips! Are you kidding me!!! Wtf did i miss??? Im a truck driver and lose internet in dead zones i open my platform and i see the carnage...remember geppy i closed my trade at 142.2 content with 80 pippers...lol im hating life. I knowni shouldnt do the shoulda woulda thing. So is there gonna be a retracement?
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #4,024
  • Apr 4, 2013 11:41am Apr 4, 2013 11:41am
I'm beginning to think the Dragon is just resting a bit. I thought a bit of pull back sooner after that run especially during NY lunch. But it's starting to look much like the last pause.
Attached Image (click to enlarge)
Click to Enlarge Name: gj_15m.gif Size: 19 KB
Ghost Rider - WWTBMD?
  • #4,025
  • Apr 4, 2013 11:41am Apr 4, 2013 11:41am
Quoting Scrat
yeah all's well thanks, too busy for posting like i used to but still come back here from time to time even if only for reading couldn't help it today... my dopamine levels went high when i saw my account in the morning.
Good stuff, dude. I hope you can stop by from time to time. Always appreciate your analysis!
check out my blog: forexmademillionaire dot com
  • #4,026
  • Apr 4, 2013 11:43am Apr 4, 2013 11:43am
Quoting fxrustyspoon
600 pips! Are you kidding me!!! Wtf did i miss??? Im a truck driver and lose internet in dead zones i open my platform and i see the carnage...remember geppy i closed my trade at 142.2 content with 80 pippers...lol im hating life. I knowni shouldnt do the shoulda woulda thing. So is there gonna be a retracement?
Yeah, I remember that. I told you to hold on... or at least I was hinting at it quite blatantly. Oh well, it happens man.
check out my blog: forexmademillionaire dot com
  • #4,027
  • Apr 4, 2013 11:43am Apr 4, 2013 11:43am
overall i think i made more than 600 today but that came also from g-u, e-u and u-j. plus another 200 or so still open on u-j which i intend to keep for as long as the trend lives. years, if necessary
but that's not my usual day, i aim for 1-2% every day, sometimes i make more sometimes less... today was way beyond any expectations.
Quoting albchr
Then it wasn't a wasted "very cool" But I did think the pips you made... lol
Nihil Sine Deo.
  • #4,028
  • Apr 4, 2013 11:44am Apr 4, 2013 11:44am
Quoting Scrat
speaking of which - on the same page with the pullback but i'll evaluate the configuration tomorrow after market close. as far as i can see at this very moment, it should go back to at least 142.80 BUT this value will go up by the end of the trading week. same goes for u-j, about 94. we'll see.
I have a really hard time seeing that, especially now that she's starting to look so comfy over 146.

Regardless, I picked up some Sterling shorts to hedge a bit.
check out my blog: forexmademillionaire dot com
  • #4,029
  • Apr 4, 2013 11:45am Apr 4, 2013 11:45am
Quoting fxrustyspoon
Im a truck driver and lose internet in dead zones
No BS...you too? Well hey to a fellow road warrior.

I hate trying to trade from the truck for just that reason. I have a years wi-fi account at all the TS's...LOL
Ghost Rider - WWTBMD?
  • #4,030
  • Apr 4, 2013 12:13pm Apr 4, 2013 12:13pm
Alright... I didn't get a ton of sleep last night so it's time for a little nap.

Maybe I'll wake up to fresh highs
check out my blog: forexmademillionaire dot com
  • #4,031
  • Apr 4, 2013 12:21pm Apr 4, 2013 12:21pm
Quoting Geppy
Alright... I didn't get a ton of sleep last night so it's time for a little nap. Maybe I'll wake up to fresh highs
Neither did I but after sleeping through the BoJ and missing the bulk of the ride, I'm afraid....

Have a good nap bro.
Ghost Rider - WWTBMD?
  • #4,032
  • Apr 4, 2013 12:25pm Apr 4, 2013 12:25pm
i was saying that because of the configuration of weekly volume profile. i become really interested if the week/month/quarter/year happens to close above the value area (value area is defined as the most traded range - conventionally 70% of the trades), because price will come back to test at least the upper limit of the value area. it may be sooner... it may be later... but it always will.
so back to this pair, i am saying that as of now there is a serious gap on daily & weekly profiles (although current week is not yet closed so will have to wait for that). daily is asking for a pullback to 142.08 according to tokyo profiles, and this week will probably ask for a pullback to 143. sooner or later. maybe later... who knows.

p.s. the higher the timeframe, the more reliable the signal BUT it may take much longer. actually, quarterly and yearly profiles call for huge pullbacks on both g-j (upper 130) and u-j (mid 82), don't know how that will be possible... maybe another fat finger or whatever... but it will happen.


Quoting Geppy
I have a really hard time seeing that, especially now that she's starting to look so comfy over 146. Regardless, I picked up some Sterling shorts to hedge a bit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: g-j-daily.gif Size: 40 KB
Click to Enlarge Name: g-j-wk-ongoing.gif Size: 41 KB
Nihil Sine Deo.
  • #4,033
  • Apr 4, 2013 1:16pm Apr 4, 2013 1:16pm
Quoting Scrat
i was saying that because of the configuration of weekly volume profile. i become really interested if the week/month/quarter/year happens to close above the value area (value area is defined as the most traded range - conventionally 70% of the trades), because price will come back to test at least the upper limit of the value area. it may be sooner... it may be later... but it always will. so back to this pair, i am saying that as of now there is a serious gap on daily & weekly profiles (although current week is not yet closed so will have...
Oh man, Scrat! I remember these charts... it's like a blast from the past. Love it!

I get what you're saying, but what about the circumstances we're in now? I mean, I'm sure this stuff holds true under normal trading conditions. But what's going on with Japan is far from normal and it's pure manipulation. That's got to affect the accuracy or probabilities of this stuff to at least some degree, no?
check out my blog: forexmademillionaire dot com
  • #4,034
  • Apr 4, 2013 1:20pm Apr 4, 2013 1:20pm
Quoting Geppy
Alright... I didn't get a ton of sleep last night so it's time for a little nap. Maybe I'll wake up to fresh highs
Did I say "maybe"?

Stupid me!
check out my blog: forexmademillionaire dot com
  • #4,035
  • Apr 4, 2013 1:38pm Apr 4, 2013 1:38pm
well i am not saying 'hey everyone load your shorts because this sucker is going down'. just showing some important levels backed by real market activity, it's just another way of looking at price action.
for sure, currencies can be and are manipulated, but nobody can do it forever. the rubber band will slap back at some point. for example look at euro, my quarterly profiles showed last june that 1.2650 has got big unfinished business, and i've been waiting since then to jump into shorts... and so i did when the right time came about 7 months later... now will reload more shorts when this rally is done... 1.32, 1.34 whatever. i can't let go until my targets are hit

p.s. although i must admit, yen is a bit different than euro...

Quoting Geppy
Oh man, Scrat! I remember these charts... it's like a blast from the past. Love it! I get what you're saying, but what about the circumstances we're in now? I mean, I'm sure this stuff holds true under normal trading conditions. But what's going on with Japan is far from normal and it's pure manipulation. That's got to affect the accuracy or probabilities of this stuff to at least some degree, no?
Nihil Sine Deo.
  • #4,036
  • Apr 4, 2013 1:40pm Apr 4, 2013 1:40pm
Quoting Scrat
well i am not saying 'hey everyone load your shorts because this sucker is going down'. just showing some important levels backed by real market activity, it's just another way of looking at price action. for sure, currencies can be and are manipulated, but nobody can do it forever. the rubber band will slap back at some point. for example look at euro, my quarterly profiles showed last june that 1.2650 has got big unfinished business, and i've been waiting since then to jump into shorts... and so i did when the right time came about 7 months later......
I hear ya, Scrat. And it's a good reminder because a lot of folks here will take that as a sell signal I fear. I'm digging Euro shorts too... hunting down entries as we speak
check out my blog: forexmademillionaire dot com
  • #4,037
  • Apr 4, 2013 3:14pm Apr 4, 2013 3:14pm
Im still trying to decide when/where to unload these longs. It just keeps going up and up. Im starting to think we may not see a significant retrace anytime soon...
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #4,038
  • Apr 4, 2013 3:23pm Apr 4, 2013 3:23pm
Quoting livethedream
Im still trying to decide when/where to unload these longs. It just keeps going up and up. Im starting to think we may not see a significant retrace anytime soon...
I'm hoping to hold to see how she reacts at 148... if that breaks, I'm going for 150 next.

If you're nervous, follow along on the 5min chart and keep moving your SL up to the last low.

For example, on this chart you could have moved your SL from 145.88 to 146.37 or just below that level. Locking in profits never killed anyone
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 82 KB
check out my blog: forexmademillionaire dot com
  • #4,039
  • Apr 4, 2013 3:35pm Apr 4, 2013 3:35pm
Quoting livethedream
Im still trying to decide when/where to unload these longs. It just keeps going up and up. Im starting to think we may not see a significant retrace anytime soon...
JPY news in coming hours can boost the beast to 148
making money is easy in forex, losing money is even easier...
  • #4,040
  • Apr 4, 2013 3:51pm Apr 4, 2013 3:51pm
Ah what a nice much needed nap

Still ticking away I see. Do I hear 147?
Attached Image (click to enlarge)
Click to Enlarge Name: LFXJPY_GBPLFX_DAILY.PNG Size: 66 KB
Ghost Rider - WWTBMD?
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