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Geppy's Geppy Thread (GBP/JPY)

  • #4,101
  • Apr 4, 2013 7:21pm Apr 4, 2013 7:21pm
By the way guys... USD/JPY just broke the highs that were set on the 11th

EDIT: I wouldn't be surprised to see 148 cracked TONIGHT at this rate... gosh, that sounds an awful like something I said last night about 146...
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  • #4,102
  • Apr 4, 2013 7:22pm Apr 4, 2013 7:22pm
Quoting albchr
and crap I've done it again. all this typing and I missed it take off again. WHEN will I learn to put myself first?? LOL
It's not the typing, dude. It's the fact you closed your longs in the first place!!!!!111!!!ONEONE!!!!111

haha
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  • #4,103
  • Apr 4, 2013 7:23pm Apr 4, 2013 7:23pm
I recently read in a book on long-term trading that usually 90% of a yearīs move in the S&P occurs over a span of only 10 trading days (or sth to that effect), and that was why you should hold on to your position for as long as possible (so you will catch the occasional windfall profits). Well and thatīs what this massive bull candle reminds me of (though some of the daytrading people here seem to have caught it anyway).
  • #4,104
  • Apr 4, 2013 7:25pm Apr 4, 2013 7:25pm
Quoting Myo
I recently read in a book on long-term trading that usually 90% of a yearīs move in the S&P occurs over a span of only 10 trading days (or sth to that effect), and that was why you should hold on to your position for as long as possible (so you will catch the occasional windfall profits). Well and thatīs what this massive bull candle reminds me of (though some daytrading people here seem to have caught it anyway).
I could believe that. And if you're a position trader, yes, absolutely you need to trade like that.

But there's a lot that happens in between the advances, and if you're good at reading PA you can do amazingly well by combining them. I like to fall in the middle as a swing trader myself.
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  • #4,105
  • Apr 4, 2013 7:26pm Apr 4, 2013 7:26pm
Quoting Geppy
By the way guys... USD/JPY just broke the highs that were set on the 11th EDIT: I wouldn't be surprised to see 148 cracked TONIGHT at this rate... gosh, that sounds an awful like something I said last night about 146...
i guess the most important $1,000,000 question is...when do we short this mutha?
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #4,106
  • Apr 4, 2013 7:27pm Apr 4, 2013 7:27pm
Geppy how high is this thing going to run?! I have never seen anything like this before!!!
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  • #4,107
  • Apr 4, 2013 7:28pm Apr 4, 2013 7:28pm
Quoting fxrustyspoon
i guess the most $1,000,000 question is...when do we short this mutha?
OK, that's it.

WTF!?!?! Is everyone short a few screws in here? Why the hell would you even be thinking of shorting this?

The only question in my mind right now is: "hmmm... do I really need a SL? Nope."
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  • #4,108
  • Apr 4, 2013 7:28pm Apr 4, 2013 7:28pm
Quoting Geppy
It's not the typing, dude. It's the fact you closed your longs in the first place!!!!!111!!!ONEONE!!!!111 haha
If there were a little dude hanging his head I'd use him but all I got is... ... and ....

BUT! I'm back in with two more so 3 running
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Ghost Rider - WWTBMD?
  • #4,109
  • Apr 4, 2013 7:31pm Apr 4, 2013 7:31pm
Quoting fxrustyspoon
i guess the most important $1,000,000 question is...when do we short this mutha?
Ummm...next week or the week after for a few perhaps?
Ghost Rider - WWTBMD?
  • #4,110
  • Apr 4, 2013 7:31pm Apr 4, 2013 7:31pm
Quoting albchr
If there were a little dude hanging his head I'd use him but all I got is... ... and .... BUT! I'm back in with two more so 3 running {image}
haha good! now stop being a n00b!
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  • #4,111
  • Apr 4, 2013 7:34pm Apr 4, 2013 7:34pm
Quoting fxrustyspoon
i guess the most important $1,000,000 question is...when do we short this mutha?
wait until she reached 150
making money is easy in forex, losing money is even easier...
  • #4,112
  • Apr 4, 2013 7:35pm Apr 4, 2013 7:35pm
Quoting Geppy
It will get more painful. Do this: - close all of your trades right now - buy at market exactly one-half the size of all of the trades you just closed - hold You'll make a good chunk of that money back. Cutting losses can be hard, and flipping bias on a dime can be much MUCH harder. I suggest you do it now and get comfortable doing it again and again and again. The best traders can do this without a thought.
not posting anything just wanted to remind everyone geppy is a phophet...jk
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #4,113
  • Apr 4, 2013 7:36pm Apr 4, 2013 7:36pm
My god this is too insane... I'm cannibalizing other in-the-money trades just to free up margin to buy more geppy!


LOVING this!
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  • #4,114
  • Apr 4, 2013 7:36pm Apr 4, 2013 7:36pm
wowsers.. there are big time players now expecting 120 usdjpy to come a knocking.. there is no chance of shorting even if you offered me 50k to do the shorts... such a waste...

look for levels and buys on dips and keep doing that is what I would suggest.

I have to say I never used a demo myself - I tried one once with 50k in it and traded gold n silver - realised I could turn 50k to 400k in a week and knew it was ridiculous based on fact I opened 10 lots at a time and had no stop loss... for me it was like a fun game to had - so I reckon if you can have the discipline to treat it as if real then sweet - but for me I was just like a kid with it..

Im still holding and account almost reaching 6.7k now - Its taking me about 2 minutes plus to change all stop losses as we go along haha collectively I know have almost 2.5 lots in total - I dont think I have ever played with even .7 at any given cumulative time so Im in LOL



Quoting fxrustyspoon
i guess the most important $1,000,000 question is...when do we short this mutha?
"Millionaires don't use astrology, billionaires do"
  • #4,115
  • Apr 4, 2013 7:36pm Apr 4, 2013 7:36pm
Sooo a break through 148 and we are into territory last seen in early 2010?!?

  • #4,116
  • Apr 4, 2013 7:36pm Apr 4, 2013 7:36pm
Quoting Geppy
haha good! now stop being a n00b!
I'm sorry Pappy... ...it'll never happen again. I hope the love letters don't stop!
Ghost Rider - WWTBMD?
  • #4,117
  • Apr 4, 2013 7:38pm Apr 4, 2013 7:38pm
Quoting fxrustyspoon
not posting anything just wanted to remind everyone geppy is a phophet...jk
lol, not at all dude. Anyone should have seen this since last night. No surprises here.

If we break 148 tonight/tomorrow... I'll have a hard time not holding most of this position to the upper 150s (the first red line on this weekly chart).
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  • #4,118
  • Apr 4, 2013 7:39pm Apr 4, 2013 7:39pm
Quoting fxrustyspoon
not posting anything just wanted to remind everyone geppy is a phophet...jk
i have a good question geppy. Why does the market wait till us to close and aussie to open before it starts moving?
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #4,119
  • Apr 4, 2013 7:39pm Apr 4, 2013 7:39pm
Come on DRAGON!! One good PUSH over the hump!!
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Ghost Rider - WWTBMD?
  • #4,120
  • Apr 4, 2013 7:40pm Apr 4, 2013 7:40pm
Quoting forex_growth
wowsers.. there are big time players now expecting 120 usdjpy to come a knocking.. there is no chance of shorting even if you offered me 50k to do the shorts... such a waste... look for levels and buys on dips and keep doing that is what I would suggest. I have to say I never used a demo myself - I tried one once with 50k in it and traded gold n silver - realised I could turn 50k to 400k in a week and knew it was ridiculous based on fact I opened 10 lots at a time and had no stop loss... for me it was like a fun game to had - [b]so I reckon if you...
That or treat the real thing like a game... you just need one of those disciplines

Nice work dude, keep it rolling!
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