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Geppy's Geppy Thread (GBP/JPY)

  • #5,861
  • Apr 16, 2013 8:18am Apr 16, 2013 8:18am
Quoting GDR3k
I've only been to the land of Brum once, hated it and never went back haha ask one of them to say "chips & gravy"
Im not particularly a fan of there either but work is work and if Brummie is the location then bring on the chips and gravy ha ha
To live a successful life, we must lose our fear of being wrong
  • #5,862
  • Apr 16, 2013 8:22am Apr 16, 2013 8:22am
Quoting albchr
Yes, and go back over the last few months and look at the numbers. I think you'll see the pattern to which I'm referring.
No, I donīt. They are both picking up steam. Which pattern do you mean?
  • #5,863
  • Apr 16, 2013 8:30am Apr 16, 2013 8:30am
IMO fundamentally we will be long for some time but short initially. Bloomberg News' Caroline Baum yesterday mentioned something significant about BOJ "The BOJ will double the monetary base by purchasing about 7.5 trillion yen of Japanese government bonds per month. It plans to extend the average maturity of its portfolio from three to seven years. And it will continue such actions until it achieves its inflation target." This may not be popular with the other 19 members during the G-20 meeting this week as Japan drives their currency weaker, unless the yen is rallying......
  • #5,864
  • Apr 16, 2013 8:33am Apr 16, 2013 8:33am
Quoting Myo
No, I donīt. They are both picking up steam. Which pattern do you mean?
I'm not going to banter it back and forth. We all need to place our faith where we see fit. I choose not to place mine in politically motivated numbers. Rather, I place mine in what I "see" and know is happening around me.

If you think it's "picking up steam", then apparently you didn't read my post that started this.

But even so, keep in mind the bulk of these new "homes" are multi family buildings...i.e. Apartments. That alone should give a clue as to how the economy is doing over all.

Having trucked around this country a tad, I've made friends from a rather wide area coast to coast to coast. Those who know such things tell me much the same in their areas as well. It's all about "impressions" and keeping the public hoping is key to keeping things going right now.
Ghost Rider - WWTBMD?
  • #5,865
  • Apr 16, 2013 8:48am Apr 16, 2013 8:48am
Quoting albchr
But even so, keep in mind the bulk of these new "homes" are multi family buildings...i.e. Apartments. That alone should give a clue as to how the economy is doing over all.
No, the "bulk" of these new homes are single homes and have been so for at least a year (see picture attached). Or am I looking at the wrong table?
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  • #5,866
  • Apr 16, 2013 8:59am Apr 16, 2013 8:59am
Quoting Myo
No, the "bulk" of these new homes are single homes and have been so for at least a year (see picture attached). Or am I looking at the wrong table? {image}
Oh what the hell, the market is boring right now. The "source" of that table?
Ghost Rider - WWTBMD?
  • #5,867
  • Apr 16, 2013 9:10am Apr 16, 2013 9:10am
All my longs hit SL in profit.

Will now look for better entries to load up
To live a successful life, we must lose our fear of being wrong
  • #5,868
  • Apr 16, 2013 9:20am Apr 16, 2013 9:20am
Quoting GDR3k
Still waiting for 150.12 to get hit so my order can get filled. I'd like to see another go at the 50% fib/147.25 area or atleast 148. The R:R on this one is good. {image}
Stop moved to break even @ +45, lets do this...

I'm being aggressive with my stops again, but its better to be safe IMO.
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  • #5,869
  • Apr 16, 2013 9:21am Apr 16, 2013 9:21am
Just playing. See how it goes for a small short from 149.92
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Ghost Rider - WWTBMD?
  • #5,870
  • Apr 16, 2013 9:22am Apr 16, 2013 9:22am
Quoting GDR3k
Stop moved to break even @ +45, lets do this... {image}
  • #5,871
  • Apr 16, 2013 9:38am Apr 16, 2013 9:38am
Quoting albchr
Oh what the hell, the market is boring right now. The "source" of that table?
Itīs page 4 of the residential construction statistics from march 2013, issued by the United States Census Bureau and the Department of Housing and Urban Development; the source for "housing starts" and "building permits".

http://www.census.gov/construction/n...ewresconst.pdf
  • #5,872
  • Apr 16, 2013 9:47am Apr 16, 2013 9:47am
another attempt to go short... stop is @ BE.
Attached Image (click to enlarge)
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  • #5,873
  • Apr 16, 2013 9:48am Apr 16, 2013 9:48am
Quoting cortmann
another attempt to go short... stop is @ BE. {image}
Good entry, we could see a considerable move down from here, who knows how much steam is really in this upmove...
  • #5,874
  • Apr 16, 2013 9:51am Apr 16, 2013 9:51am
Quoting Myo
Itīs page 4 of the residential construction statistics from march 2013, issued by the United States Census Bureau and the Department of Housing and Urban Development; the source for "housing starts" and "building permits". http://www.census.gov/construction/n...ewresconst.pdf
And thus the "numbers" that get published and passed to us. I rest my case.

I guess it's kind of like this to me Myo. You and I are friends. Long time good friends that trust one another. I tell you something today that I've seen with my own eyes and tomorrow you read a news report from an uninterested source that doesn't give a crap about us that states the opposite. Who do you believe?

I don't know about you (and I'm honestly not trying to be confrontational here) but, when my friends of over 30 years "in the industry" tell me the numbers are BS and I also "see" their results of that for myself? I trust them over that source. But, that's just me
Ghost Rider - WWTBMD?
  • #5,875
  • Apr 16, 2013 9:52am Apr 16, 2013 9:52am
Quoting albchr
Just playing. See how it goes for a small short from 149.92 {image}
Added at 149.83
Ghost Rider - WWTBMD?
  • #5,876
  • Apr 16, 2013 9:58am Apr 16, 2013 9:58am
Quoting GDR3k
Good entry, we could see a considerable move down from here, who knows how much steam is really in this upmove...
according to demand & supply method, it may go down to the root of the compression channel, which is 149, fairly easily as the waves consumed demand until that level. if it goes below 148.75, we may see 148 as well, as there is no base until 148.25 - 148.00. surely time will tell whether we will go down until the median line in my graph...

just my 2 cents... :nerd:
  • #5,877
  • Apr 16, 2013 10:01am Apr 16, 2013 10:01am
Quoting albchr
Added at 149.83
I went out for a while and miss the short train now!
  • #5,878
  • Apr 16, 2013 10:09am Apr 16, 2013 10:09am
Quoting kaka_ht
I went out for a while and miss the short train now!
I wouldn't worry. As of now it's more like a cab ride than a train. If it turns into one, there will be other stops to get onboard. Others here caught stops before me.

I'm just scalping a bit and both are covered already.
Ghost Rider - WWTBMD?
  • #5,879
  • Apr 16, 2013 10:15am Apr 16, 2013 10:15am
Quoting cortmann
according to demand & supply method, it may go down to the root of the compression channel, which is 149, fairly easily as the waves consumed demand until that level. if it goes below 148.75, we may see 148 as well, as there is no base until 148.25 - 148.00. surely time will tell whether we will go down until the median line in my graph... just my 2 cents... :nerd:
149 does look likely, my target is set at 148.16
  • #5,880
  • Apr 16, 2013 10:16am Apr 16, 2013 10:16am
I'd like to see the 100 (orange) cap this but I think it will take the 50 (blue) and thus, knock me out.

EDIT: Yep!
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Ghost Rider - WWTBMD?
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