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Geppy's Geppy Thread (GBP/JPY)

  • #4,241
  • Apr 5, 2013 9:48am Apr 5, 2013 9:48am
I got me 225 pips while vacationing! I didn't want to trade today, but GPY/JPY was temping. I placed a buy at the bounce at 3-months high. GPY/JPY is a beast. 1 hour chart shows Long Lower Shadows = Buyers market.
  • #4,242
  • Apr 5, 2013 9:51am Apr 5, 2013 9:51am
Quoting 100PipsADay
LOL Shoot I'm just trying to make up for my losses from yesterday as well as missing out on that huge 600 pip move yesterday!!!
just a guess but I'd say you've done well to that end.

Actually, I keep thinking about what Scrat said yesterday about not even counting pips, just %. I have to agree. I don't even know how many pips I have today but I think it's around 600ish. Got roughly 178, 150 and 65 floating now and I banked around 200ish this morning.
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  • #4,243
  • Apr 5, 2013 9:53am Apr 5, 2013 9:53am
and there goes 149
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  • #4,244
  • Apr 5, 2013 9:54am Apr 5, 2013 9:54am
Quoting albchr
just a guess but I'd say you've done well to that end. Actually, I keep thinking about what Scrat said yesterday about not even counting pips, just %. I have to agree. I don't even know how many pips I have today but I think it's around 600ish. Got roughly 178, 150 and 65 floating now and I banked around 200ish this morning.
That is very true! Great job bro! 600 pips! You mind me asking where you're at now in terms of % since you started your account?
  • #4,245
  • Apr 5, 2013 9:56am Apr 5, 2013 9:56am
Quoting albchr
just a guess but I'd say you've done well to that end. Actually, I keep thinking about what Scrat said yesterday about not even counting pips, just %. I have to agree. I don't even know how many pips I have today but I think it's around 600ish. Got roughly 178, 150 and 65 floating now and I banked around 200ish this morning.
I personally think counting pips is stupid. So many people count them differently than others. To me, even if I have 4 positions long geppy and each goes for 100 pips... that's not 400 pips. To me, that's 100 pips.

Take the average of your entry and your average exit and that's your pip count.

I see people coming on here and saying they've made thousands of pips, but it really doesn't mean anything to me. Percentage of account is the only real measure as you can't inflate that.
check out my blog: forexmademillionaire dot com
  • #4,246
  • Apr 5, 2013 9:58am Apr 5, 2013 9:58am
Oh, and by the way everyone... 148.52 was the 23.6% fibo on the monthly chart. HUGE level in my opinion and we should now be looking to the 38.2% fibo at 168.14 in the medium/long-term (depending on what is long to you... oh and depending on geppy's attitude 'cause she could take us there next week at this rate lol).
check out my blog: forexmademillionaire dot com
  • #4,247
  • Apr 5, 2013 9:58am Apr 5, 2013 9:58am
Quoting Geppy
and there goes 149
Added 149.19 with a 148.60 SL.
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Ghost Rider - WWTBMD?
  • #4,248
  • Apr 5, 2013 10:02am Apr 5, 2013 10:02am
As far as % today my 2 smaller "aggressive" accounts are both up roughly 20% today alone and my larger account is up about 8%. Well I actually took a total combined loss of 1,242 pips from earlier this week wiping out all of my gains so far this month.

However, these positions today more than make up for the losses and am now up about 9% since March 18th. Not too bad...

March and April Trades: -130 Pips

Floating Profit: 1,920 Pips
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  • #4,249
  • Apr 5, 2013 10:03am Apr 5, 2013 10:03am
Quoting Geppy
I personally think counting pips is stupid. So many people count them differently than others. To me, even if I have 4 positions long geppy and each goes for 100 pips... that's not 400 pips. To me, that's 100 pips. Take the average of your entry and your average exit and that's your pip count. I see people coming on here and saying they've made thousands of pips, but it really doesn't mean anything to me. Percentage of account is the only real measure as you can't inflate that.
I agree bro. And with the stupid 5 digit systems, I round off while others count "pipettes" LOL

For me each "individual" trade I'll count. But if that trade has multiple lots, it's all one count. i.e. .01 or .02 on a 100 pip move is 100 pips. Others split it up. So yes, many different views and % is all that matters.
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  • #4,250
  • Apr 5, 2013 10:06am Apr 5, 2013 10:06am
Quoting Geppy
I personally think counting pips is stupid. So many people count them differently than others. To me, even if I have 4 positions long geppy and each goes for 100 pips... that's not 400 pips. To me, that's 100 pips. Take the average of your entry and your average exit and that's your pip count. I see people coming on here and saying they've made thousands of pips, but it really doesn't mean anything to me. Percentage of account is the only real measure as you can't inflate that.
LOL I am actually guilty of that!

Very true about % of account being the main factor.
  • #4,251
  • Apr 5, 2013 10:08am Apr 5, 2013 10:08am
Quoting 100PipsADay
That is very true! Great job bro! 600 pips! You mind me asking where you're at now in terms of % since you started your account?
Not at all Terry

Since December 1st - Banked 543% ... Floating (as of now) 583%

Just shy of 10% this week with the floaters
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  • #4,252
  • Apr 5, 2013 10:09am Apr 5, 2013 10:09am
Quoting albchr
I agree bro. And with the stupid 5 digit systems, I round off while others count "pipettes" LOL For me each "individual" trade I'll count. But if that trade has multiple lots, it's all one count. i.e. .01 or .02 on a 100 pip move is 100 pips. Others split it up. So yes, many different views and % is all that matters.
Others split it up or count all positions as 1 trade. I don't! This means I make more pips then you! LOL

What the hell is a pipette?
  • #4,253
  • Apr 5, 2013 10:09am Apr 5, 2013 10:09am
Quoting albchr
Not at all Terry Since December 1st - Banked 543% ... Floating (as of now) 583% Just shy of 10% this week with the floaters
Very nice!

If I could have made those kinds of returns in the same period of time with my larger account I would be worth half a million dollars!
  • #4,254
  • Apr 5, 2013 10:18am Apr 5, 2013 10:18am
Quoting 100PipsADay
Others split it up or count all positions as 1 trade. I don't! This means I make more pips then you! LOL What the hell is a pipette?
.... That's what I call the "extra digit". For example like on these pairs, it used to be 140.00, now it's 140.00x. On say GU it was 1.5000 now it's 1.5000x. The X is a fraction of a pip or a "pipette" in my book . Over 5, I round up, 5 or less down. Keeps me honest...LOL
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  • #4,255
  • Apr 5, 2013 10:19am Apr 5, 2013 10:19am
Quoting 100PipsADay
Others split it up or count all positions as 1 trade. I don't! This means I make more pips then you! LOL What the hell is a pipette?
The pip's girlfriend obviously! lol
check out my blog: forexmademillionaire dot com
  • #4,256
  • Apr 5, 2013 10:21am Apr 5, 2013 10:21am
Quoting 100PipsADay
Very nice! If I could have made those kinds of returns in the same period of time with my larger account I would be worth half a million dollars!
Thanks bro

EA's may be solid and that's great for steady returns! But they can't be flexible and react to fluid markets like we can. Which of course, "could" be very bad as well ...LOL
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  • #4,257
  • Apr 5, 2013 10:23am Apr 5, 2013 10:23am
Quoting Geppy
The pip's girlfriend obviously! lol
... ...
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  • #4,258
  • Apr 5, 2013 10:24am Apr 5, 2013 10:24am
Quoting albchr
.... That's what I call the "extra digit". For example like on these pairs, it used to be 140.00, now it's 140.00x. On say GU it was 1.5000 now it's 1.5000x. The X is a fraction of a pip or a "pipette" in my book . Over 5, I round up, 5 or less down. Keeps me honest...LOL
Oh ok, thanks for clarifying.
  • #4,259
  • Apr 5, 2013 10:24am Apr 5, 2013 10:24am
Quoting Geppy
The pip's girlfriend obviously! lol
  • #4,260
  • Apr 5, 2013 10:32am Apr 5, 2013 10:32am
Looks like 149 is "trying" to hold.

I have to say I love this thread and the folks here. I've never laughed more or had this much fun trading before.

EDIT: Spoke too soon. Maybe 148.80? LOL
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