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Geppy's Geppy Thread (GBP/JPY)

  • #4,861
  • Apr 10, 2013 6:25am Apr 10, 2013 6:25am
hey guys..

hope all are rocking n rolling! Word up Chris bro hows your day today? Havent seen Geps for a while.. hey man hope all is good too!

Im holding onto my longs still after my mini catastrophe on Monday... we all live n learn anyhoo money all made up already and loving the look of this PA... albeit if usdjpy targets 100... Im a little worried on how it will react there - seeing as such huge psych area, along with 130 Im wondering whether normal PA will push it through or if it'll need a nudge from boj...

anyway heres hoping for break of 143 and then 145-146 by end of the week! stupid cable also again putting slight damper on things..

PS: anyone have any views on FOMC meetings tomorrow and their impact? if any...
"Millionaires don't use astrology, billionaires do"
  • #4,862
  • Apr 10, 2013 7:05am Apr 10, 2013 7:05am
What was that spike down all about?
  • #4,863
  • Apr 10, 2013 7:06am Apr 10, 2013 7:06am
Quoting blobsaudio
What was that spike down all about?
BoJ's Kuroda says the BoJ has done what's necessary and possible for now
  • #4,864
  • Apr 10, 2013 7:06am Apr 10, 2013 7:06am
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}
Target hit +87 @ 151.615

Cheers, Mr Spike.
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  • #4,865
  • Apr 10, 2013 7:08am Apr 10, 2013 7:08am
Quoting KillerWhale
I have this feeling you must be noob, and dumb enough to start your forex adventure with GJ {image}
who was the dumb one now?
  • #4,866
  • Apr 10, 2013 7:08am Apr 10, 2013 7:08am
Quoting Rookie-Roger
BoJ's Kuroda says the BoJ has done what's necessary and possible for now
It is past 9pm in Tokyo, what a ridiculous time to announce this.
  • #4,867
  • Apr 10, 2013 7:09am Apr 10, 2013 7:09am
Quoting albchr
Patience, the way this crap is dribbling this week you may yet get your fill.
I had a feeling something was up...ummm..down..LOL
Ghost Rider - WWTBMD?
  • #4,868
  • Apr 10, 2013 7:11am Apr 10, 2013 7:11am
Quoting nobody
who was the dumb one now?
I'm quite sure it's not me, I have all my safe guards on alert. Always!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,869
  • Apr 10, 2013 7:12am Apr 10, 2013 7:12am
caught me shot on the beast and heavily on e/j
  • #4,870
  • Apr 10, 2013 7:13am Apr 10, 2013 7:13am
oh please..... not a chance you knew this was gonna happen... pffftt!

the sheer fact that you even ask that question denotes your newbness!


Quoting nobody
who was the dumb one now?
"Millionaires don't use astrology, billionaires do"
  • #4,871
  • Apr 10, 2013 7:16am Apr 10, 2013 7:16am
Interview with journalists just released

 

  1. BOJ won’t change monetary policy based on fx moves.
  2. Have done what’s necessary for now
  3. sees 2% inflation target as more important that 2 year timeframe
  4. BOJ will scrutinize effects every month but not necessarily change policy each month

http://www.forexlive.com/blog/2013/0...netary-policy/


Taking a look at that in more detail, it seems he has said nothing new at all other than pretending they are not trying to devalue their currency.

  • #4,872
  • Apr 10, 2013 7:22am Apr 10, 2013 7:22am
Glad I held that short, I was going to close and enter long.
  • #4,873
  • Apr 10, 2013 7:25am Apr 10, 2013 7:25am
interesting this isnt it..

I wonder if the Japs are there just buying and selling as Kuroda comments - bringing in the money back theyve pumped into the economy while they press their buy n sell buttons at different levels...

lets spread the rumour LOL

Quoting blobsaudio
Interview with journalists just released BOJ won’t change monetary policy based on fx moves. Have done what’s necessary for now sees 2% inflation target as more important that 2 year timeframe BOJ will scrutinize effects every month but not necessarily change policy each month http://www.forexlive.com/blog/2013/0...netary-policy/ Taking a look at that in more detail, it seems he has said nothing new at all other than pretending they are not trying to devalue their currency....
"Millionaires don't use astrology, billionaires do"
  • #4,874
  • Apr 10, 2013 7:26am Apr 10, 2013 7:26am
I am going to hold my long, this requires patience.
  • #4,875
  • Apr 10, 2013 7:27am Apr 10, 2013 7:27am
Quoting blobsaudio
Interview with journalists just released BOJ won’t change monetary policy based on fx moves. Have done what’s necessary for now sees 2% inflation target as more important that 2 year timeframe BOJ will scrutinize effects every month but not necessarily change policy each month http://www.forexlive.com/blog/2013/0...netary-policy/ Taking a look at that in more detail, it seems he has said nothing new at all other than pretending they are not trying to devalue their currency....
That was a big spike though
To live a successful life, we must lose our fear of being wrong
  • #4,876
  • Apr 10, 2013 7:29am Apr 10, 2013 7:29am
Just further buying opportunities now with that...
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To live a successful life, we must lose our fear of being wrong
  • #4,877
  • Apr 10, 2013 7:31am Apr 10, 2013 7:31am
30 min candles have some rather large wicks.
  • #4,878
  • Apr 10, 2013 7:32am Apr 10, 2013 7:32am
Quoting nobody
who was the dumb one now?
See what I mean NOBODY?
I picked up some more longs and the average is 50 pips in profit now.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,879
  • Apr 10, 2013 8:09am Apr 10, 2013 8:09am
It's gone quite in here?
To live a successful life, we must lose our fear of being wrong
  • #4,880
  • Apr 10, 2013 8:13am Apr 10, 2013 8:13am
In light of that press release my weaker longs are now closed just above BE and longs with better entries have had their SL's moved to just above BE
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