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Geppy's Geppy Thread (GBP/JPY)

  • #4,801
  • Apr 10, 2013 2:12am Apr 10, 2013 2:12am
Everything showing green here, no serious drops in play yet IMO
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To live a successful life, we must lose our fear of being wrong
  • #4,802
  • Apr 10, 2013 2:13am Apr 10, 2013 2:13am
Good Morning

I see we're still stuck below 152.15

Sure hope she can break out of her cage today.
Ghost Rider - WWTBMD?
  • #4,803
  • Apr 10, 2013 2:15am Apr 10, 2013 2:15am
testing 152.1, bounced off 152 so hopefully we get some more pips. I'd like to see a retest of 152.36
When the facts change I change my mind, what do you do sir
  • #4,804
  • Apr 10, 2013 2:19am Apr 10, 2013 2:19am
Quoting Pip Anon
testing 152.1, bounced off 152 so hopefully we get some more pips. I'd like to see a retest of 152.36
I'd like to see a retest of 163
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,805
  • Apr 10, 2013 2:21am Apr 10, 2013 2:21am
Quoting KillerWhale
I'd like to see a retest of 163
Amen!
Ghost Rider - WWTBMD?
  • #4,806
  • Apr 10, 2013 2:23am Apr 10, 2013 2:23am
Quoting KillerWhale
I'd like to see a retest of 163
Haha in due time I hope. First full day trading Geppy and doing well. Looking short-term out In 2008 it was 215
When the facts change I change my mind, what do you do sir
  • #4,807
  • Apr 10, 2013 2:35am Apr 10, 2013 2:35am
And we have a higher high again
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  • #4,808
  • Apr 10, 2013 2:36am Apr 10, 2013 2:36am
And we're off!
Ghost Rider - WWTBMD?
  • #4,809
  • Apr 10, 2013 2:36am Apr 10, 2013 2:36am
Quoting KillerWhale
And we have a higher high again
Lovin it. Kind of hating that I took a leg off 25 pips ago
When the facts change I change my mind, what do you do sir
  • #4,810
  • Apr 10, 2013 2:38am Apr 10, 2013 2:38am
Its going to blow up sooner than later from the looks of things. Waiting for it to leave the "zone"...
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To live a successful life, we must lose our fear of being wrong
  • #4,811
  • Apr 10, 2013 2:38am Apr 10, 2013 2:38am
wutssss my SL get hit by a flying kick
  • #4,812
  • Apr 10, 2013 2:42am Apr 10, 2013 2:42am
Quoting GDR3k
I've got a sell order waiting at 152.485, just under the bearish 4hr candle's open(150.504/psychological level of .50) which started this monumental downmove way back on 23rd October, 2009. Price hasn't been back to this area since and to that end, I anticipate quite a bounce back down from here provided it goes in my favour, it will be more of a scalp, r:r 1:1 with a stop loss of 87 pips. {image}
Order hit, lets see what happens.
  • #4,813
  • Apr 10, 2013 2:45am Apr 10, 2013 2:45am
Needs to break 152.49. This hour would be nice.
Ghost Rider - WWTBMD?
  • #4,814
  • Apr 10, 2013 2:53am Apr 10, 2013 2:53am
Quoting tafy68
Ouch man, you musta had low leverage to hold for that many pips which is a good thing. Either cut your losses and start fresh or average in again and hope for a retrace, hard choice
Its already -$200 ! If I close, i would loose my 30% of my investment, I am trading with Micro Account. Let faith on god!
  • #4,815
  • Apr 10, 2013 2:56am Apr 10, 2013 2:56am
Closed all 14 positions @ 152.55. Now on the way back adding new longs every 10 - 15 pips
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,816
  • Apr 10, 2013 3:15am Apr 10, 2013 3:15am
Quoting greensaturn
Its already -$200 ! If I close, i would loose my 30% of my investment, I am trading with Micro Account. Let faith on god!
Dude you should seriously consider cutting your losses now rather than blowing your account completely. I'm assuming you didn't have any SL in place and you were taking a "chance" on the trades when you placed them?

Make your own decisions however be logical dude!

Good Luck
To live a successful life, we must lose our fear of being wrong
  • #4,817
  • Apr 10, 2013 3:19am Apr 10, 2013 3:19am
Quoting greensaturn
Its already -$200 ! If I close, i would loose my 30% of my investment, I am trading with Micro Account. Let faith on god!
30% is better than 75%. Japan's largest QE ever. This can go up alot, and a 1000 pip correction is unlikely.
When the facts change I change my mind, what do you do sir
  • #4,818
  • Apr 10, 2013 3:29am Apr 10, 2013 3:29am
Quoting Pip Anon
30% is better than 75%. Japan's largest QE ever. This can go up alot, and a 1000 pip correction is unlikely.
1000 pip correction? Lolz we won't even close that weekend GAP anytime soon. Every day gives a new high.
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  • #4,819
  • Apr 10, 2013 3:30am Apr 10, 2013 3:30am
Quoting KillerWhale
1000 pip correction? Lolz we won't even close that weekend GAP anytime soon.Every day gives a new high. {image}
Lol I know, I wouldn't expect one. If his shorts were closer in, IDK but he was holding like 147 shorts
When the facts change I change my mind, what do you do sir
  • #4,820
  • Apr 10, 2013 3:32am Apr 10, 2013 3:32am
Quoting greensaturn
HI, I have short @ 143.761 & 147.307 and now the price is 151.762! when does it break down? and what would be its expected highest and lowest price.
I think its very unlikely we will be seeing 143.761 for a long time, a small chance we could see 147.307, with that said, If I was in your situation with the same short positions, I'd move my stop loss on both positions to 153.35 and leave it, a break above this and it'll continue going IMO, but its your money, your position.
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