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Geppy's Geppy Thread (GBP/JPY)

  • #5,021
  • Apr 11, 2013 7:29am Apr 11, 2013 7:29am
Quoting KillerWhale
Please understand ALBCHR, there are no real numbers. The numbers you hear are the numbers that the GOVERNMENT wants you to hear. It's all fake, as long as there are Congress Men and Senators that want to be elected for another term they do what you want them to do. The as soon as they are elected, they change their minds! Fucking MORONS
To live a successful life, we must lose our fear of being wrong
  • #5,022
  • Apr 11, 2013 7:35am Apr 11, 2013 7:35am
Dammit,no big movement after the news realesed!
  • #5,023
  • Apr 11, 2013 7:43am Apr 11, 2013 7:43am
Quoting KillerWhale
Please understand ALBCHR, there are no real numbers. The numbers you hear are the numbers that the GOVERNMENT wants you to hear. It's all fake, as long as there are Congress Men and Senators that want to be elected for another term they do what you want them to do. The as soon as they are elected, they change their minds! Fucking MORONS
Ummm... kind of why I called them "fantasy" numbers bro

But there ARE real numbers. Just that we'll never hear them for the just reasons you stated. Unless of course the economy is good and the real numbers won't hurt those politicians.

As a small example the REAL unemployment rate is more like 13% to 14% if you were to include all those who have simply given up looking for work. But they NEVER include them to keep Obama in office.

This number today tells me that the 16,000 less than expected probably lost their jobs but just haven't made it to the unemployment office yet
Ghost Rider - WWTBMD?
  • #5,024
  • Apr 11, 2013 7:47am Apr 11, 2013 7:47am
Quoting albchr
I wonder how much she'll pullback so I can load more longs? Thinking maybe 152.80ish?
Getting there but a grabbed a long at .93. Will add more lower if we get it.
Ghost Rider - WWTBMD?
  • #5,025
  • Apr 11, 2013 7:57am Apr 11, 2013 7:57am
Quoting albchr
Getting there but a grabbed a long at .93. Will add more lower if we get it.
I add a long at 80!Let's see what will happen!How is usually your SL per position?
  • #5,026
  • Apr 11, 2013 8:02am Apr 11, 2013 8:02am
Quoting Dano12
TP 153 37 small Short




Yesterday my note 153 20 / 153 34 TP and short
  • #5,027
  • Apr 11, 2013 8:04am Apr 11, 2013 8:04am
Just closed my short from 153.10 for +30 and entered long at 152.74, target 153.70, I've also got a sell order at 153.70.
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  • #5,028
  • Apr 11, 2013 8:12am Apr 11, 2013 8:12am
Quoting kaka_ht
I add a long at 80!Let's see what will happen!How is usually your SL per position?
LOL...you beat me! I got 82 lol

I haven't set any SL yet. In a strong trend like this I'll wait until I'm all loaded up and then base a SL on the lowest price seen before it starts climbing again. Not an approach I recommend for everyone but it just works for me as we have no idea how far it will correct before resuming the trend. Obviously if it exceeds my MM I'll cut the trades.

I've given up a LOT of potential profits this week as I couldn't be at the screen so I set stops too tight to cover my longs. Perhaps I should know better but when I have to leave, I leave nothing to chance. Better to be taken out for just a couple pips profit and be able to reload later then come back and find myself in one hell of a hole. Something not uncommon with the BEAST! LOL

At the rate she's dropping, maybe we'll see 152.50? Lower?
Ghost Rider - WWTBMD?
  • #5,029
  • Apr 11, 2013 8:15am Apr 11, 2013 8:15am
Quoting GDR3k
Just closed my short from 153.10 for +30 and entered long at 152.74, target 153.70, I've also got a sell order at 153.70. {image}
... Nice trading GDR. Reminds me of how I traded before trying to convert to longer term trades. I'm thinking of giving up the conversion!
Ghost Rider - WWTBMD?
  • #5,030
  • Apr 11, 2013 8:18am Apr 11, 2013 8:18am
Quoting albchr
LOL...you beat me! I got 82 lol I haven't set any SL yet. In a strong trend like this I'll wait until I'm all loaded up and then base a SL on the lowest price seen before it starts climbing again. Not an approach I recommend for everyone but it just works for me as we have no idea how far it will correct before resuming the trend. Obviously if it exceeds my MM I'll cut the trades. I've given up a LOT of potential profits this week as I couldn't be at the screen so I set stops too tight to cover my longs. Perhaps I should know better but when I have...
I got in at 152.82 too! Same boat albchr!
I am going to allow some more sideways/downside action before g/j resumes the move north.

pending buy limit at 152.3, since yesterday. Will move depending on price action.
  • #5,031
  • Apr 11, 2013 8:28am Apr 11, 2013 8:28am
That has been a good retrace so far... Was hoping it would go as far back as 152.5 (it may smash through that still) but looking good
To live a successful life, we must lose our fear of being wrong
  • #5,032
  • Apr 11, 2013 8:30am Apr 11, 2013 8:30am
Quoting Rookie-Roger
I got in at 152.82 too! Same boat albchr! I am going to allow some more sideways/downside action before g/j resumes the move north. pending buy limit at 152.3, since yesterday. Will move depending on price action.
LOL...we better start rowing! I'm in at 152.93, 82, 65....But...how low will she go? Yen is getting a little feisty and the pound bumping SR. Can't help but wonder if this is in anticipation of Kudro opening his yap tonight. Man this guy loves to hear himself talk! LOL
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Ghost Rider - WWTBMD?
  • #5,033
  • Apr 11, 2013 8:32am Apr 11, 2013 8:32am
Quoting albchr
... Nice trading GDR. Reminds me of how I traded before trying to convert to longer term trades. I'm thinking of giving up the conversion!
I prefer trading the smaller timeframe, I rarely use anything less than 30minute or 1hour charts as I find this the best for day trading.. I tried longer term trading but I make more doing what I'm doing; scalping the intraday swings.

I'm starting to think I should of held that short.........
  • #5,034
  • Apr 11, 2013 8:33am Apr 11, 2013 8:33am
Quoting albchr
LOL...you beat me! I got 82 lol I haven't set any SL yet. In a strong trend like this I'll wait until I'm all loaded up and then base a SL on the lowest price seen before it starts climbing again. Not an approach I recommend for everyone but it just works for me as we have no idea how far it will correct before resuming the trend. Obviously if it exceeds my MM I'll cut the trades. I've given up a LOT of potential profits this week as I couldn't be at the screen so I set stops too tight to cover my longs. Perhaps I should know better but when I have...
Yes,I understand you set your SL by mental!But buy this way you have to be always sit in the front of the computer to see what PA react!Remmember GJ have the highest average movement!
  • #5,035
  • Apr 11, 2013 8:33am Apr 11, 2013 8:33am
Quoting KillerWhale
Lol, unemployment, that was the real joke that got me going in FOREX. I was laid off from a $70K+ job on Jan 5th 2011. My job as Senior Treasury Analyst for a Fortune 500 company was outsold to India. Big dip for a few weeks but I had all the time to study Forex. I had unemployment money for 18 months but 35% of that money disappeared in Cobra health insurance so not much left after tax. That's where I started trading for a living and I have never regretted it for a minute.
I like to read stories like this, congrats on taking the plunge, I assume you won't return to a day job again?
  • #5,036
  • Apr 11, 2013 8:38am Apr 11, 2013 8:38am
Quoting albchr
LOL...we better start rowing! I'm in at 152.93, 82, 65....But...how low will she go? Yen is getting a little feisty and the pound bumping SR. Can't help but wonder if this is in anticipation of Kudro opening his yap tonight. Man this guy loves to hear himself talk! LOL {image}
I'm not as brave, have to respect the bearish 4H candle at resistance. got in at 152.43. That makes 3 positions on this pair. That's enough for me.
  • #5,037
  • Apr 11, 2013 8:41am Apr 11, 2013 8:41am
I was wondering if she'd reach the DP (red line) I have at 152.38. Dam she may be testing the 76.4 fib at 152.15ish again.

One more grabbed at .50 but I better sit on my hands now....
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Ghost Rider - WWTBMD?
  • #5,038
  • Apr 11, 2013 8:43am Apr 11, 2013 8:43am
Im glad a i held onto my short, looked a bit iffy for a while
  • #5,039
  • Apr 11, 2013 8:43am Apr 11, 2013 8:43am
Quoting albchr
I was wondering if she'd reach the DP (red line) I have at 152.38. Dam she may be testing the 76.4 fib at 152.15ish again. One more grabbed at .50 but I better sit on my hands now.... {image}
Do u add any more GJ long postion?
  • #5,040
  • Apr 11, 2013 8:45am Apr 11, 2013 8:45am
Quoting albchr
I was wondering if she'd reach the DP (red line) I have at 152.38. Dam she may be testing the 76.4 fib at 152.15ish again. One more grabbed at .50 but I better sit on my hands now.... {image}
Lets hope this daily pivot holds! Anyway, gonna hold this long, r:r 1:1
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