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Geppy's Geppy Thread (GBP/JPY)

  • #4,521
  • Apr 8, 2013 1:41pm Apr 8, 2013 1:41pm
Quoting Unknownpips
M15 showed a double bottom. {image}
I got in at 150.98 after I saw this. Now I'm trying to figure out where to get out, because the Usd/Jpy pair is getting ever so closely to 100, and I think I'd rather be out before we see the volatility that may play out at that level.

Just playing it by PA for now though... which always seems to work
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #4,522
  • Apr 8, 2013 1:54pm Apr 8, 2013 1:54pm
Quoting livethedream
I got in at 150.98 after I saw this. Now I'm trying to figure out where to get out, because the Usd/Jpy pair is getting ever so closely to 100, and I think I'd rather be out before we see the volatility that may play out at that level. Just playing it by PA for now though... which always seems to work
carn't help but think that she will pull back from there BIG time.......gone to far too fast..correct me if I'm wrong
  • #4,523
  • Apr 8, 2013 2:34pm Apr 8, 2013 2:34pm
Quoting Tedge UK
carn't help but think that she will pull back from there BIG time.......gone to far too fast..correct me if I'm wrong
Thats your sentimental view, however the fundamental and technical outlook is firmly bullish. And based on price action alone, pullbacks will be short lived unless there are fundamental drivers behind a stronger and more forceful move to the downside.

Expecting bull flag to continue by the same distance.
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  • #4,524
  • Apr 8, 2013 2:41pm Apr 8, 2013 2:41pm
Quoting BobGnarly
Yea I try not to think to hard about it lol.. This needed to cool off anyway.
Hey Bob ... When do you like to add more to your positions?

Do you have any rules about it?

I think some people like to use S/R levels and others use oscillators.
Trade at your own risk.
  • #4,525
  • Apr 8, 2013 2:44pm Apr 8, 2013 2:44pm
Quoting Fx3423454
Hey Bob ... When do you like to add more to your positions? Do you have any rules about it? I think some people like to use S/R levels and others use oscillators.
Clear 153 and 157/163 is there for the taking.
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  • #4,526
  • Apr 8, 2013 2:47pm Apr 8, 2013 2:47pm
Quoting Unknownpips
Thats your sentimental view, however the fundamental and technical outlook is firmly bullish. And based on price action alone, pullbacks will be short lived unless there are fundamental drivers behind a stronger and more forceful move to the downside. Expecting bull flag to continue by the same distance. {image}
Very good, logical analysis.
check out my blog: forexmademillionaire dot com
  • #4,527
  • Apr 8, 2013 2:51pm Apr 8, 2013 2:51pm
Quoting Geppy
Very good, logical analysis.

Hope you made a killing today bro only up upup to 163 as I have saying since january
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  • #4,528
  • Apr 8, 2013 2:57pm Apr 8, 2013 2:57pm
Quoting BobGnarly
Hope you made a killing today bro only up upup to 163 as I have saying since january
I have a massive amount on with an average of 151.10

Think I'll hold for a few hundred pips at least
check out my blog: forexmademillionaire dot com
  • #4,529
  • Apr 8, 2013 3:02pm Apr 8, 2013 3:02pm
Quoting Geppy
I have a massive amount on with an average of 151.10 Think I'll hold for a few hundred pips at least
Im at 151.20 now.. Was 151.12 earlier but I love to keep buying, pyramid this bitch
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #4,530
  • Apr 8, 2013 3:04pm Apr 8, 2013 3:04pm
Quoting BobGnarly
Im at 151.20 now.. Was 151.12 earlier but I love to keep buying, pyramid this bitch
Definitely... I really need to change brokers. I literally can't add any more until I take some off
check out my blog: forexmademillionaire dot com
  • #4,531
  • Apr 8, 2013 3:04pm Apr 8, 2013 3:04pm
I'm holding my longs and getting all caught up on this thread. started from around page 290 up... although Im not sure when exactly certain comments were posted pages back, shorting is just crazy. running with the pack, theres a party going on all the way to the top! m/ see ya there!
  • #4,532
  • Apr 8, 2013 3:08pm Apr 8, 2013 3:08pm
Quoting Geppy
Definitely... I really need to change brokers. I literally can't add any more until I take some off
Hey Geppy....that australian bunch FOREXFS allows 50% negative margin....!
  • #4,533
  • Apr 8, 2013 3:09pm Apr 8, 2013 3:09pm
Quoting Geppy
Definitely... I really need to change brokers. I literally can't add any more until I take some off
Wow for real? No floating margin? With your skills?! Change asap and go thru cashback forex and get .70 a trade bonus so happy I found them lol, its a nice monthly chek you normally wouldnt get
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #4,534
  • Apr 8, 2013 3:17pm Apr 8, 2013 3:17pm
Quoting Geppy
Definitely... I really need to change brokers. I literally can't add any more until I take some off
some kind of risk management system or certain amount of positions you can hold?
How to Win at Sports Betting: DON'T DO IT!
  • #4,535
  • Apr 8, 2013 3:21pm Apr 8, 2013 3:21pm
I've been lurking around in here a lot, and geppy and bob just to name a few of you are definitely amazing traders...i just recently started trading "the beast" lol....i was wondering though what effect will the usdjpy have on this pair once parity is hit?
  • #4,536
  • Apr 8, 2013 3:30pm Apr 8, 2013 3:30pm
Quoting Gbp/jpy
Hey Geppy....that australian bunch FOREXFS allows 50% negative margin....!
Sounds like suicide waiting to happen.
check out my blog: forexmademillionaire dot com
  • #4,537
  • Apr 8, 2013 3:32pm Apr 8, 2013 3:32pm
Quoting josh1125
I've been lurking around in here a lot, and geppy and bob just to name a few of you are definitely amazing traders...i just recently started trading "the beast" lol....i was wondering though what effect will the usdjpy have on this pair once parity is hit?
that would be unthinkable.

if .uj goes to parity, geppy will fall from about 151.80 to ~1.56 --- a disaster of epic proportions! :nerd:

(thing is, before japan inc is done foolin around here, it just might actually go to parity )
  • #4,538
  • Apr 8, 2013 3:33pm Apr 8, 2013 3:33pm
Quoting BobGnarly
Wow for real? No floating margin? With your skills?! Change asap and go thru cashback forex and get .70 a trade bonus so happy I found them lol, its a nice monthly chek you normally wouldnt get
They used to allow it, and then they stopped. MBT is conservative and that's part of the reason I chose them back in the day. When brokers were imploding (and taking client money with them), I was erring on the side of caution.

So what I'm really looking for (in order of preference/importance) is:

1. reputable
2. tight spreads
3. pyramiding

I've been looking at FXDD... anyone on them or used them? Thoughts? Spread looks tight, seem reputable (and I do know their name and that they've been in the game awhile). Not sure if they allow pyramiding though.
check out my blog: forexmademillionaire dot com
  • #4,539
  • Apr 8, 2013 3:39pm Apr 8, 2013 3:39pm
My own account is tradestation and my clients is fxcm, bith are amazing and bith of their platforms crush mt4 well I never really liked mt4 so I am biased

Tradestation has level 2's , add and close positions seperately as does fxcm. Fxcm has a sick spread on their dealing desk but I use the no dealing desk with +1 pip spread.

They are my 2 choices.
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #4,540
  • Apr 8, 2013 3:43pm Apr 8, 2013 3:43pm
From August, 2012 - April, 2013

EUR/JPY = approx. 3,100 pips.

GBP/JPY = approx. 2,700 pips.
Trade at your own risk.
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