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Geppy's Geppy Thread (GBP/JPY)

  • #4,061
  • Apr 4, 2013 3:29pm Apr 4, 2013 3:29pm
Quoting albchr
I could be wrong here but I smell a little retrace coming with the hourly candles here. I banked my 3 weakest longs for 80 and will reload if she drops to test 145.60ish. If not, I'll add as she goes up more. {image}
smell the same thing here, lets find out whether it started or only a fake beginning
making money is easy in forex, losing money is even easier...
  • #4,062
  • Apr 4, 2013 3:31pm Apr 4, 2013 3:31pm
Seems to me like we're just gonna consolidate till Kuroda speaks. We're only 2.5 hours away. Then it should start moving again... big question is which direction.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #4,063
  • Apr 4, 2013 3:42pm Apr 4, 2013 3:42pm
Quoting gugun555
smell the same thing here, lets find out whether it started or only a fake beginning
I think it's at least safe to say she's running out of steam and after almost 700 pips on the day, it wouldn't shock me to see some pullback.

Quoting livethedream
Seems to me like we're just gonna consolidate till Kuroda speaks. We're only 2.5 hours away. Then it should start moving again... big question is which direction.
And that's what I can't help wondering. I'm always suspicious when almost 24 hours after a big news event, the guy comes out to "speak" about it. Ummm...Why? What needs to be said? You're going to ease like mad and that should be that....no? lol

All I know for sure is, nobody ever went broke banking profit. I have no doubt we have more upside to come but perhaps I may be able to get in at better prices. We shall see.
Ghost Rider - WWTBMD?
  • #4,064
  • Apr 4, 2013 3:45pm Apr 4, 2013 3:45pm
Quoting livethedream
Seems to me like we're just gonna consolidate till Kuroda speaks. We're only 2.5 hours away. Then it should start moving again... big question is which direction.
wild movement can happen before kuroda speaks....some traders will book profit before it...
making money is easy in forex, losing money is even easier...
  • #4,065
  • Apr 4, 2013 3:52pm Apr 4, 2013 3:52pm
Quoting albchr
Ok, I'm sorry but I just have to ask. Exactly how much time did you spend coming up with that?
My thoughts EXACTLY
check out my blog: forexmademillionaire dot com
  • #4,066
  • Apr 4, 2013 3:52pm Apr 4, 2013 3:52pm
Quoting livethedream
Seems to me like we're just gonna consolidate till Kuroda speaks. We're only 2.5 hours away. Then it should start moving again... big question is which direction.
Damn, I'll be at my social bowling league at that time... meh, guess I'll have to come back to higher highs
check out my blog: forexmademillionaire dot com
  • #4,067
  • Apr 4, 2013 3:57pm Apr 4, 2013 3:57pm
Quoting albchr
I think it's at least safe to say she's running out of steam and after almost 700 pips on the day, it wouldn't shock me to see some pullback. And that's what I can't help wondering. I'm always suspicious when almost 24 hours after a big news event, the guy comes out to "speak" about it. Ummm...Why? What needs to be said? You're going to ease like mad and that should be that....no? lol All I know for sure is, nobody ever went broke banking profit. I have no doubt we have more upside to come but perhaps I may be able to get in at better prices....
Here dude: http://www.forexlive.com/blog/2013/0...in-parliament/
check out my blog: forexmademillionaire dot com
  • #4,068
  • Apr 4, 2013 4:02pm Apr 4, 2013 4:02pm
Quoting Geppy
My thoughts EXACTLY
Yeah, and notice no response?

No big deal to me but looking back over the posts, the guy comes in here every so often with no charts, positions, calls or TA but has some whacky, often hard to understand comments about Lord knows what....LOL

When will folks realize if they want to gain a little credibility, right or wrong, post some CHARTS showing positions, TA and the like. Simple "text" means nothing to me until I get to know someone fairly well.
Ghost Rider - WWTBMD?
  • #4,069
  • Apr 4, 2013 4:05pm Apr 4, 2013 4:05pm
Quoting albchr
I think it's at least safe to say she's running out of steam and after almost 700 pips on the day, it wouldn't shock me to see some pullback. And that's what I can't help wondering. I'm always suspicious when almost 24 hours after a big news event, the guy comes out to "speak" about it. Ummm...Why? What needs to be said? You're going to ease like mad and that should be that....no? lol All I know for sure is, nobody ever went broke banking profit. I have no doubt we have more upside to come but perhaps I may be able to get in at better prices....
That's my big "IF". My larger position right now is in the Usd/Jpy, and I'm confident we'll see 99-100, but how soon are we gonna get there, and same with 150 on the Gbp/Jpy. I see us breaking 148... but how soon is the more important question.

Guess we'll get a clearer picture in 2 hours.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #4,070
  • Apr 4, 2013 4:10pm Apr 4, 2013 4:10pm
Quoting livethedream
That's my big "IF". My larger position right now is in the Usd/Jpy, and I'm confident we'll see 99-100, but how soon are we gonna get there, and same with 150 on the Gbp/Jpy. I see us breaking 148... but how soon is the more important question. Guess we'll get a clearer picture in 2 hours.
There won't be any fireworks with this Kuroda stuff in a couple hours. Maybe it propels us to start chugging higher again, but there's absolutely no reason to believe we're going to drop all of a sudden.

Of course, just my opinion...
check out my blog: forexmademillionaire dot com
  • #4,071
  • Apr 4, 2013 4:10pm Apr 4, 2013 4:10pm
Quoting Geppy
Here dude: http://www.forexlive.com/blog/2013/0...in-parliament/
Good to know and I'm not surprised. As I said I have no doubt we'll head higher and probably much higher but nothing goes in a straight line forever. If it doesn't drop first I'll just buy. If it does so much the better. What I won't do is short the pullbacks if any.

But let's not forget we're also tied to the freaking pound. If they both fall together it could get a bit messy for a while.

EDIT: Perhaps a better word is fade instead of drop. I don't think we'll see any fast or hard drops for a while IMO.
Ghost Rider - WWTBMD?
  • #4,072
  • Apr 4, 2013 4:12pm Apr 4, 2013 4:12pm
Quoting albchr
Ok, I'm sorry but I just have to ask. Exactly how much time did you spend coming up with that?

oh nothing...I was going to say rookyish, but how about "I have dinner on saturdays with GBP/JPY....he he
  • #4,073
  • Apr 4, 2013 4:20pm Apr 4, 2013 4:20pm
Quoting Geppy
There won't be any fireworks with this Kuroda stuff in a couple hours. Maybe it propels us to start chugging higher again, but there's absolutely no reason to believe we're going to drop all of a sudden. Of course, just my opinion...
dude youve broken their hearts who hoping it is going to drop
making money is easy in forex, losing money is even easier...
  • #4,074
  • Apr 4, 2013 4:24pm Apr 4, 2013 4:24pm
Im overleveraged on my shorts from earlier today, i need that correction lol
  • #4,075
  • Apr 4, 2013 4:39pm Apr 4, 2013 4:39pm
Quoting Geppy
but there's absolutely no reason to believe we're going to drop all of a sudden. Of course, just my opinion...
maybe some profit taking tomorrow during NY
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,076
  • Apr 4, 2013 4:39pm Apr 4, 2013 4:39pm
yawwnnnnnnnn... morning guys.. well I managed to add a heap load at 146.00 and also back into my eurjpy - my 100 dollar account experiment is now looking at 4951.12 profit... in under 24 hrs

dont think Ive ever had such a good yr haha I will have to make sure beers on me somehow sometime somewhere!!

so question is now - cut it lose or keep letting the beast accumulate

Geps = just seen your pm bro - will grab a coffee n brekkie and put together a reply for you

Quoting albchr
Yeah, and notice no response? No big deal to me but looking back over the posts, the guy comes in here every so often with no charts, positions, calls or TA but has some whacky, often hard to understand comments about Lord knows what....LOL When will folks realize if they want to gain a little credibility, right or wrong, post some CHARTS showing positions, TA and the like. Simple "text" means nothing to me until I get to know someone fairly well.
"Millionaires don't use astrology, billionaires do"
  • #4,077
  • Apr 4, 2013 4:43pm Apr 4, 2013 4:43pm
Quoting tafy68
Im overleveraged on my shorts from earlier today, i need that correction lol
I feel for you but honestly, I can't understand how anyone could be placing shorts at ANY time during the past 20 hours or so.

If you're "counting on" a correction, IMO you're "hoping" and that's a dangerous thing in this business by itself. But especially in light of this situation with Japan. "IF" we get any correction at all it won't be much for sure. At least not this week and probably not next week either.

If you're overleveraged I respectfully suggest you reevaluate your trade plan before taking any more trades. I don't know what price you need to get out safely but my advice is still, cut those shorts and cut them soon. We all make bad trade decisions. You have to be willing and able to cut them loose without a second thought. Don't EVER be married to a trade.

Even if you cut it loose and it then goes your way. It's better to miss a good trade, than be in a bad one.

Save the account and live to trade another day.

Good luck and wish you the best.
Ghost Rider - WWTBMD?
  • #4,078
  • Apr 4, 2013 4:46pm Apr 4, 2013 4:46pm
we've all been there and it sucks - so important thing is to learn from it and move on! Ive blown my fair share of accounts, which Im sure alot of people who are now trading successfully will admit to also at some time in their lives..

this is sound advice below!

Quoting albchr
I feel for you but honestly, I can't understand how anyone could be placing shorts at ANY time during the past 20 hours or so. If you're "counting on" a correction, IMO you're "hoping" and that's a dangerous thing in this business by itself. But especially in light of this situation with Japan. "IF" we get any correction at all it won't be much for sure. At least not this week and probably next. If you're overleveraged I respectfully suggest you reevaluate your trade plan before taking any more trades. I don't know what price you need to get...
"Millionaires don't use astrology, billionaires do"
  • #4,079
  • Apr 4, 2013 4:46pm Apr 4, 2013 4:46pm
Quoting albchr
I feel for you but honestly, I can't understand how anyone could be placing shorts at ANY time during the past 20 hours or so. If you're "counting on" a correction, IMO you're "hoping" and that's a dangerous thing in this business by itself. But especially in light of this situation with Japan. "IF" we get any correction at all it won't be much for sure. At least not this week and probably next. If you're overleveraged I respectfully suggest you reevaluate your trade plan before taking any more trades. I don't know what price you need to get...
I know its terrible and i need to change my style... I blew my account before like this
  • #4,080
  • Apr 4, 2013 4:47pm Apr 4, 2013 4:47pm
cant get better and sincere advise than this....... Chris well said

Quoting albchr
I feel for you but honestly, I can't understand how anyone could be placing shorts at ANY time during the past 20 hours or so. If you're "counting on" a correction, IMO you're "hoping" and that's a dangerous thing in this business by itself. But especially in light of this situation with Japan. "IF" we get any correction at all it won't be much for sure. At least not this week and probably not next week either. If you're overleveraged I respectfully suggest you reevaluate your trade plan before taking any more trades. I don't know what price...
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