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Geppy's Geppy Thread (GBP/JPY)

  • #5,381
  • Apr 12, 2013 2:50pm Apr 12, 2013 2:50pm
Is anyone else around watching this? Pretty frickin' crazy ass awesome
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  • #5,382
  • Apr 12, 2013 3:00pm Apr 12, 2013 3:00pm
Quoting Geppy
Is anyone else around watching this? Pretty frickin' crazy ass awesome
Quickly recovered.
  • #5,383
  • Apr 12, 2013 3:02pm Apr 12, 2013 3:02pm
My money is on a "gap" down on Sunday. In fact, I just sold some more... call me crazy
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  • #5,384
  • Apr 12, 2013 3:09pm Apr 12, 2013 3:09pm
I hate days like this
  • #5,385
  • Apr 12, 2013 3:10pm Apr 12, 2013 3:10pm
Quoting blobsaudio
I hate days like this
Why's that?
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  • #5,386
  • Apr 12, 2013 3:15pm Apr 12, 2013 3:15pm
Quoting duderoo1
Quickly recovered.
I sold about every 5 pips on the way up starting from 151.40
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  • #5,387
  • Apr 12, 2013 3:16pm Apr 12, 2013 3:16pm
Quoting Geppy
Why's that?
-240 pips across 2 positions after following my system rules and sitting on my hands waiting for the conditions to enter where met.

Also probably looking at a loss on cable soon as well as an added bonus, again after waiting and following my rules.

To top it off I used a larger lot size today as well.
  • #5,388
  • Apr 12, 2013 3:20pm Apr 12, 2013 3:20pm
Quoting blobsaudio
-240 pips across 2 positions after following my system rules and sitting on my hands waiting for the conditions to enter where met. Also probably looking at a loss on cable soon as well as an added bonus, again after waiting and following my rules. To top it off I used a larger lot size today as well.
Ouch, what are your entry conditions / system rules?

  • #5,389
  • Apr 12, 2013 3:20pm Apr 12, 2013 3:20pm
Quoting blobsaudio
-240 pips across 2 positions after following my system rules and sitting on my hands waiting for the conditions to enter where met. Also probably looking at a loss on cable soon as well as an added bonus, again after waiting and following my rules. To top it off I used a larger lot size today as well.
Well, if they're your rules I'd assume that your traded a proven system. Nothing you can do about that, and you can't even worry about it if that's the case.
check out my blog: forexmademillionaire dot com
  • #5,390
  • Apr 12, 2013 3:23pm Apr 12, 2013 3:23pm
Quoting fastrader
I wish I had shorted when I said this.. Lol Anyhow, albchr, I guess I didn't make myself clear, i meant the news of stimulus is over and there won't be any more surprises.. That will obviously make the market go through a huge correction which it is doing now and then retrace to new highs this month I hope.. I don't know about u guys but I like trading on the upside trend rather than the downside.. Having said that Ive put in many short positions for now.. Happy trading everybody.. !
Hey fastrader, Ok...lol When I woke up at midnight last night rubbing my eyes and saw that I was like WHAT?? LOL

I really thought you meant the stimulus lasted a week and was over. My apologies and Very nice spot on the reversal bro!!

Would have been a great place to close my longs all in nice profit and go short, instead of the losses I took this morning.
Ghost Rider - WWTBMD?
  • #5,391
  • Apr 12, 2013 3:25pm Apr 12, 2013 3:25pm
Quoting Geppy
Well, if they're your rules I'd assume that your traded a proven system. Nothing you can do about that, and you can't even worry about it if that's the case.
As i remeber these are the same conditions as last week , strange high moves few mins before market closes then a gap , i think we will experince a gap this week too , really hope so
  • #5,392
  • Apr 12, 2013 3:26pm Apr 12, 2013 3:26pm
Quoting albchr
Hey fastrader, Ok...lol When I woke up at midnight last night rubbing my eyes and saw that I was like WHAT?? LOL I really thought you meant the stimulus lasted a week and was over. My apologies and Very nice spot on the reversal bro!! Would have been a great place to close my longs all in nice profit instead of the losses I took this morning and go short.
Hindsight is 20/20, dude. When you trade like we do... your goal is to ride the trend until it knocks you out. I always expect to take some lose before flipping my bias. The important part is that you're actually ABLE to flip your bias (the faster the better).

I hope you're still holding those shorts. I think we'll have a nice drop on Sunday. I'm looking for 150.00 minimum before even thinking about looking for places to buy again.
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  • #5,393
  • Apr 12, 2013 3:27pm Apr 12, 2013 3:27pm
Hey everyone

Had to run out suddenly this morning. I'm curious how many of you have brokers still open? Mine closed 30 minutes ago and I see 151.46.
Ghost Rider - WWTBMD?
  • #5,394
  • Apr 12, 2013 3:28pm Apr 12, 2013 3:28pm
Quoting netera
As i remeber these are the same conditions as last week , strange high moves few mins before market closes then a gap , i think we will experince a gap this week too , really hope so
That's usually how it happens when you see large, quick moves like this late in the day.

Think of it this way: most traders are not at the desk right now... when they do get back on Sunday and see what happened, they'll be playing "catch up" which effectively adds fuel to the fire.
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  • #5,395
  • Apr 12, 2013 3:29pm Apr 12, 2013 3:29pm
Quoting albchr
Hey everyone Had to run out suddenly this morning. I'm curious how many of you have brokers still open? Mine closed 30 minutes ago and I see 151.46.
I'm open for another 30min and we're still dropping. We just poked below the 151 handle
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  • #5,396
  • Apr 12, 2013 3:31pm Apr 12, 2013 3:31pm
Quoting Geppy
Well, if they're your rules I'd assume that your traded a proven system. Nothing you can do about that, and you can't even worry about it if that's the case.
Yeah I know it works, it is just annoying more than anything, losing trades are never nice especially on this pair where the stops are generally bigger.
  • #5,397
  • Apr 12, 2013 3:34pm Apr 12, 2013 3:34pm
Quoting Geppy
Hindsight is 20/20, dude. When you trade like we do... your goal is to ride the trend until it knocks you out. I always expect to take some lose before flipping my bias. The important part is that you're actually ABLE to flip your bias (the faster the better). I hope you're still holding those shorts. I think we'll have a nice drop on Sunday. I'm looking for 150.00 minimum before even thinking about looking for places to buy again.
Yeah bro, sometimes living in this time zone is a real drag! Had I been able to stay awake and watch, it might not have hurt quite so much closing them...LOL

Yep I'm thinking the gap as well and in a "perfect" world? Maybe even the 61.8% at 141.40ish

But yes, locked and loaded (albeit not the best prices like you) but they'll do nicely I assume. 5 positions between 152.00 and 151.65
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #5,398
  • Apr 12, 2013 3:35pm Apr 12, 2013 3:35pm
Quoting Geppy
Why's that?
i love em....
  • #5,399
  • Apr 12, 2013 3:36pm Apr 12, 2013 3:36pm
Quoting blobsaudio
Yeah I know it works, it is just annoying more than anything, losing trades are never nice especially on this pair where the stops are generally bigger.
You've gotta learn to get over that feeling, dude. Losses are inevitable. I don't even think about them any more. All my good little longs got stopped out last night. Did I wish it didn't happen? Sure. But I realized the trend, at least for the short-term, had changed and PA was telling me it was time to go short. I saw it as an opportunity and now I'm heavily short and making back all the paper profits I had last night and then some!

That's trading... gotta roll with it!
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  • #5,400
  • Apr 12, 2013 3:37pm Apr 12, 2013 3:37pm
Quoting Geppy
I'm open for another 30min and we're still dropping. We just poked below the 151 handle
SWEET!!

Just opened SIGTrader and it's running. Showing me 150.54 as a low?
Ghost Rider - WWTBMD?
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