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Geppy's Geppy Thread (GBP/JPY)

  • #5,401
  • Apr 12, 2013 3:37pm Apr 12, 2013 3:37pm
Just sold one more position at 151.05
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  • #5,402
  • Apr 12, 2013 3:38pm Apr 12, 2013 3:38pm
Quoting GDR3k
Ouch, what are your entry conditions / system rules?
Fairly simple trade. Price bounced off the zone 151.78, it had bounced off it previously, the candle had a good wick and didn't go lower than where it bounced before, there was also a large gap between the bounces happening, finally price then moved above the high of the candle that I am pointing at.

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  • #5,403
  • Apr 12, 2013 3:38pm Apr 12, 2013 3:38pm
Quoting albchr
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 {image}
141.50???? Yowza that'd be nuts!

And yeah... we had a low in the mid 150s but she's back near 151 now.

Shit got CRAZY!
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  • #5,404
  • Apr 12, 2013 3:47pm Apr 12, 2013 3:47pm
Quoting Geppy
141.50???? Yowza that'd be nuts! And yeah... we had a low in the mid 150s but she's back near 151 now. Shit got CRAZY!
Whoops! I meant 145.40ish.... It's on my chart but hey.... I DID say "perfect" world....

Yeah I'm seeing 150. 90ish as I write this. No matter, she's going the right way!
Ghost Rider - WWTBMD?
  • #5,405
  • Apr 12, 2013 3:50pm Apr 12, 2013 3:50pm
Quoting Geppy
Just sold one more position at 151.05
This is why it SUCKS my broker is closed!! I can't do crap to add to the ride! I claim no fair...all brokers should close at the same time! lol
Ghost Rider - WWTBMD?
  • #5,406
  • Apr 12, 2013 3:51pm Apr 12, 2013 3:51pm
Quoting Geppy
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!
Working on the emotional side slowly, its the hardest part.
  • #5,407
  • Apr 12, 2013 3:52pm Apr 12, 2013 3:52pm
Quoting blobsaudio
Working on the emotional side slowly, its the hardest part.
Truest words I ever heard!

Keep truckin'.
check out my blog: forexmademillionaire dot com
  • #5,408
  • Apr 12, 2013 3:53pm Apr 12, 2013 3:53pm
Quoting albchr
This is why it SUCKS my broker is closed!! I can't do crap to add to the ride! I claim no fair...all brokers should close at the same time! lol
I'd sell some for ya, but I'm fully loaded
check out my blog: forexmademillionaire dot com
  • #5,409
  • Apr 12, 2013 3:55pm Apr 12, 2013 3:55pm
alb, can you throw up a chart of the run up since the BoJ (maybe a 4H) and a fib retracement?

I'm not in front of my charts, but curious to see where those fibos come in at.
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  • #5,410
  • Apr 12, 2013 3:55pm Apr 12, 2013 3:55pm
Japan Quake Magnitude 6.7 JMA Says
  • #5,411
  • Apr 12, 2013 3:56pm Apr 12, 2013 3:56pm
Quoting Geppy
I sold about every 5 pips on the way up starting from 151.40
you are a great trader. if i was qualified i would 've given u a vouch
We trade to live not live to trade................
  • #5,412
  • Apr 12, 2013 3:57pm Apr 12, 2013 3:57pm
Quoting educatedthug
Japan Quake Magnitude 6.7 JMA Says
Seriously? When did that happen? That could be part of the reason for this move.
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  • #5,413
  • Apr 12, 2013 3:59pm Apr 12, 2013 3:59pm
Quoting Geppy
Seriously? When did that happen? That could be part of the reason for this move.
M6.0 - 9km NW of Sumoto, Japan

2013-04-12, 20:33:16 UTC

http://earthquake.usgs.gov/earthquak...00g5yg#summary

Not good.
  • #5,414
  • Apr 12, 2013 4:02pm Apr 12, 2013 4:02pm
Quoting ovyeh
you are a great trader. if i was qualified i would 've given u a vouch
haha, thanks dude!
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  • #5,415
  • Apr 12, 2013 4:03pm Apr 12, 2013 4:03pm
Quoting GDR3k
M6.0 - 9km NW of Sumoto, Japan 2013-04-12, 20:33:16 UTC http://earthquake.usgs.gov/earthquak...00g5yg#summary Not good.
Events like this often translate into "risk off" which would translate into a selloff in GBP/JPY. However, I feel like the selling started before the quake?
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  • #5,416
  • Apr 12, 2013 4:04pm Apr 12, 2013 4:04pm
Quoting Geppy
alb, can you throw up a chart of the run up since the BoJ (maybe a 4H) and a fib retracement? I'm not in front of my charts, but curious to see where those fibos come in at.

There ya go bro.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #5,417
  • Apr 12, 2013 4:05pm Apr 12, 2013 4:05pm
Quoting albchr
There ya go bro. {image}
ahhh beautiful. Thank ya!
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  • #5,418
  • Apr 12, 2013 4:06pm Apr 12, 2013 4:06pm
Quoting Geppy
Events like this often translate into "risk off" which would translate into a selloff in GBP/JPY. However, I feel like the selling started before the quake?
I feel the same, it may just add more fuel to the fire for this downmove which started earlier.
  • #5,419
  • Apr 12, 2013 4:06pm Apr 12, 2013 4:06pm
Quoting albchr
There ya go bro. {image}
mmmm... that 38.2% fibo looks quite doable.

Me thinks I'll shoot for that, especially considering we already tested and bounced from the 23.6% before the close.
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  • #5,420
  • Apr 12, 2013 4:18pm Apr 12, 2013 4:18pm
Quoting Geppy
mmmm... that 38.2% fibo looks quite doable. Me thinks I'll shoot for that, especially considering we already tested and bounced from the 23.6% before the close.
I agree. SIG shows me a close of 150.98. If so, we closed at the bottom of support area 151 - 151.70. That's great!

I can't show it on my CLOSED chart at 151.46 but, at 150.98 it's a nice weekly bar closed under the 76.4 as well.
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Ghost Rider - WWTBMD?
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