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Geppy's Geppy Thread (GBP/JPY)

  • #5,561
  • Apr 15, 2013 8:14am Apr 15, 2013 8:14am
Quoting albchr
Just curious EP, what's the price on your S2? Mine is 149.662
149.799

Its been testing the hell out of it today. If it breaks and holds through then I will be adding more shorts till I see it changing ways on my charts...
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To live a successful life, we must lose our fear of being wrong
  • #5,562
  • Apr 15, 2013 8:16am Apr 15, 2013 8:16am
Quoting albchr
LOL...will it survive?
wow, that was close. my trades barely survived, but I don't think they will be able to do that if another attempt to the downside happen again...
  • #5,563
  • Apr 15, 2013 8:20am Apr 15, 2013 8:20am
Quoting GDR3k
Both my positions have just been hit at break even Still, its better to be safe than sorry :nerd:
Mine too (well+7), I edited my "will it survive" post but I guess too late for all the quotes. I'm flat and awaiting another victim.
Ghost Rider - WWTBMD?
  • #5,564
  • Apr 15, 2013 8:27am Apr 15, 2013 8:27am
Coiled, ready to explode.
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  • #5,565
  • Apr 15, 2013 8:33am Apr 15, 2013 8:33am
Quoting GDR3k
Coiled, ready to explode. {image}
Yes! But which way is the charge facing?
Ghost Rider - WWTBMD?
  • #5,566
  • Apr 15, 2013 8:36am Apr 15, 2013 8:36am
Up I Hope? I'm loaded up on longs at the moment
  • #5,567
  • Apr 15, 2013 8:37am Apr 15, 2013 8:37am
It's funny how we all like to see a gap filled. We're stuck in it right now. I think the "GAP" has been sufficiently filled already! Let's move on .. lol
Ghost Rider - WWTBMD?
  • #5,568
  • Apr 15, 2013 8:41am Apr 15, 2013 8:41am
Quoting fuzion
Up I Hope? I'm loaded up on longs at the moment
Why? From where? Any target? Chart showing the supporting reason(s)?

Or are you just pressing buttons and "hoping" as your first line would suggest? I "hope" not.
Ghost Rider - WWTBMD?
  • #5,569
  • Apr 15, 2013 8:47am Apr 15, 2013 8:47am
Quoting albchr
Yes! But which way is the charge facing?
No idea but I'm sure we'll soon find out I'm keeping out until it gets out of this wedge.
  • #5,570
  • Apr 15, 2013 8:48am Apr 15, 2013 8:48am
200EMa is acting as a great support on hourly chart, The price has been bouncing and wandering around it for last 10hours. IMO If price breaks and with little follow through we could see more down.
  • #5,571
  • Apr 15, 2013 8:51am Apr 15, 2013 8:51am
Quoting GDR3k
No idea but I'm sure we'll soon find out I'm keeping out until it gets out of this wedge.
Amen brother. This here is the Killing Zone and not in a good way...lol

If the 50 on these 4H index charts hold as both S and R, we may see some upside perhaps?
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Ghost Rider - WWTBMD?
  • #5,572
  • Apr 15, 2013 9:00am Apr 15, 2013 9:00am
Quoting albchr
Amen brother. This here is the Killing Zone and not in a good way...lol If the 50 on these 4H index charts hold as both S and R, we may see some upside perhaps? {image}
Yeah more than likely, but if this area doesn't hold I think we'll be seeing 147-146.50 on GJ pretty soon
  • #5,573
  • Apr 15, 2013 9:04am Apr 15, 2013 9:04am
Anyone here trade Gold? I sell at 1420,wait till 1300 first target and last target is 1100!
  • #5,574
  • Apr 15, 2013 9:05am Apr 15, 2013 9:05am
Quoting GDR3k
Yeah more than likely, but if this area doesn't hold I think we'll be seeing 147-146.50 on GJ pretty soon
Either way is fine with me. I'm a great train hopper (Literally but that's another story). I've held my personal bias all morning the 148.70/38.2% as the next mark but who knows. I do try to stay open minded...lol

Its times like this I wish I knew more about volume. It's obviously collecting orders but which ones more?
Ghost Rider - WWTBMD?
  • #5,575
  • Apr 15, 2013 9:08am Apr 15, 2013 9:08am
If we break and close on the 4h below S2 I will be opening more short positions as I agree this will be heading further south. Where it is at the moment is a tough break through. More bulls or bears that have the power is gonna tell us sooner or later. But I still have short positions open from earlier as my charts are still indicating this thing will move down today. Pending shorts are in place also.
To live a successful life, we must lose our fear of being wrong
  • #5,576
  • Apr 15, 2013 9:11am Apr 15, 2013 9:11am
Quoting albchr
Either way is fine with me. I'm a great train hopper (Literally but that's another story). I've held my personal bias all morning the 148.70/38.2% as the next mark but who knows. I do try to stay open minded...lol Its times like this I wish I knew more about volume. It's obviously collecting orders but which ones more?
Not sure if it makes any difference as the FX market is decentralized, but right now looking at the DoM on my platform there are alot of big short orders getting filled.
  • #5,577
  • Apr 15, 2013 9:13am Apr 15, 2013 9:13am
Quoting GDR3k
Not sure if it makes any difference as the FX market is decentralized, but right now looking at the DoM on my platform there are alot of big short orders getting filled.
DoM?? Enlighten please?
Ghost Rider - WWTBMD?
  • #5,578
  • Apr 15, 2013 9:18am Apr 15, 2013 9:18am
It appears price bounced off a daily zone. Would be rather nervous entering new shorts at this point myself.

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  • #5,579
  • Apr 15, 2013 9:19am Apr 15, 2013 9:19am
you can get an idea of how fast the market is moving (volume of trades) by using tick charts if your charting package allows.. you can't do it on Metatrader..
  • #5,580
  • Edited 9:32am Apr 15, 2013 9:21am | Edited 9:32am
Quoting albchr
DoM?? Enlighten please?
Depth of market, its basically the order book of the spot transactions getting filled by your broker, tells you the price and volume of lots available to be traded. I may be wrong, but thats the way I see it, I've never payed much attention to it. I believe most ECN brokers have it.
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