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Geppy's Geppy Thread (GBP/JPY)

  • #5,881
  • Apr 16, 2013 10:23am Apr 16, 2013 10:23am
As silly as it may seem - inverse H&S?
  • #5,882
  • Apr 16, 2013 10:23am Apr 16, 2013 10:23am
I bought on that drop. To my advantage or not... Time will tell!

Still got the 150.5 region as a TP for today.
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To live a successful life, we must lose our fear of being wrong
  • #5,883
  • Apr 16, 2013 10:25am Apr 16, 2013 10:25am
Good morning all! I slept in and had an amazing night's sleep... it's crazy what being flat can do for your rest

That being said, I'm contemplating some shorts here. We've broken some trend line support and are struggling to get through some other resistance areas. It could be time!
check out my blog: forexmademillionaire dot com
  • #5,884
  • Apr 16, 2013 10:25am Apr 16, 2013 10:25am
Quoting Geppy
Good morning all! I slept in and had an amazing night's sleep... it's crazy what being flat can do for your rest That being said, I'm contemplating some shorts here. We've broken some trend line support and are struggling to get through some other resistance areas. It could be time!
Afternoon dude
To live a successful life, we must lose our fear of being wrong
  • #5,885
  • Apr 16, 2013 10:27am Apr 16, 2013 10:27am
Quoting EatPIPs
I bought on that drop. To my advantage or not... Time will tell! Still got the 150.5 region as a TP for today. {image}
Tough place to be buying in my opinion, but I've gotten it wrong twice in the past 12 hours
check out my blog: forexmademillionaire dot com
  • #5,886
  • Apr 16, 2013 10:30am Apr 16, 2013 10:30am
Quoting Geppy
Good morning all! I slept in and had an amazing night's sleep... it's crazy what being flat can do for your rest That being said, I'm contemplating some shorts here. We've broken some trend line support and are struggling to get through some other resistance areas. It could be time!
Good morning bro!

Glad you're rested up. Don't think you'll exert too much energy here today...lol

Been throwing a couple small shorts here and there and covering quick. Not much to speak of yet.
Ghost Rider - WWTBMD?
  • #5,887
  • Apr 16, 2013 10:36am Apr 16, 2013 10:36am
Quoting albchr
Good morning bro! Glad you're rested up. Don't think you'll exert too much energy here today...lol Been throwing a couple small shorts here and there and covering quick. Not much to speak of yet.
I think we'll continue lower. Take a look... 5min trend line broke and rejection earlier from the 800ema. I think if/when we break below 149.40 that will be the green light for lower.
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check out my blog: forexmademillionaire dot com
  • #5,888
  • Apr 16, 2013 10:38am Apr 16, 2013 10:38am
Quoting Geppy
Tough place to be buying in my opinion, but I've gotten it wrong twice in the past 12 hours
Yes not ideal but my stops got hit within this area earlier in profit - rather bank some profits than just let them hang around until further movement!

Therefore just reloaded when it pulled back a bit. If I get knocked out this round then so be it but if it pushes through then it would of been worthwhile. I have a TP for today and im still seeing that as possible until shown otherwise.
To live a successful life, we must lose our fear of being wrong
  • #5,889
  • Apr 16, 2013 10:40am Apr 16, 2013 10:40am
Quoting Geppy
I think we'll continue lower. Take a look... 5min trend line broke and rejection earlier from the 800ema. I think if/when we break below 149.40 that will be the green light for lower. {image}
Yeah, I don't have the TL but been on the 5M all morning. I've just been watching the 50 and 100 ema's.

Just had two covered and taken out for a couple each. Have two more now at 149.83/77....
Ghost Rider - WWTBMD?
  • #5,890
  • Apr 16, 2013 10:42am Apr 16, 2013 10:42am
In an ideal world.....

edit, we could even see another go at the 50% fib level which lines up perfectly with an area I'd most definitely go long from, hmmm......lets see if the dragon wants to play.
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  • #5,891
  • Apr 16, 2013 10:43am Apr 16, 2013 10:43am
Quoting EatPIPs
Yes not ideal but my stops got hit within this area earlier in profit - rather bank some profits than just let them hang around until further movement! Therefore just reloaded when it pulled back a bit. If I get knocked out this round then so be it but if it pushes through then it would of been worthwhile. I have a TP for today and im still seeing that as possible until shown otherwise.
Good stuff, dude. I'll admit I didn't see us coming back this high, but the move down yesterday (especially near and after close) was overdone in my opinion.

The question is... if we do start heading back down, how far will it go? 145.50 seems like the next logical target and somewhat conservative given the last low we put in. Then we're looking at 143.55 or so. But how long can we go with the BoJ behind the scenes? I'm not sure, but I'll just be playing it all by ear.
check out my blog: forexmademillionaire dot com
  • #5,892
  • Apr 16, 2013 10:50am Apr 16, 2013 10:50am
my long term view. waiting for 151.50 to 152 to go short
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  • #5,893
  • Apr 16, 2013 10:57am Apr 16, 2013 10:57am
The only thing keeping me thinking short "for now" is that we've reached the 23.6% of yesterday's fall, bounced and held below. Last hour closed below the 38.2%. With the 50ema now capping price and the top of a 1H channel? I figure...what the heck.
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Ghost Rider - WWTBMD?
  • #5,894
  • Apr 16, 2013 11:01am Apr 16, 2013 11:01am
Quoting albchr
The only thing keeping me thinking short "for now" is that we've reached the 23.6% of yesterday's fall, bounced and held below. Last hour closed below the 38.2%. With the 50ema now capping price and the top of a 1H channel? I figure...what the heck. {image}
I believe we still have more room , I am long until around 152 and I will short there for the big fall
  • #5,895
  • Apr 16, 2013 11:13am Apr 16, 2013 11:13am
Quoting msniper
I believe we still have more room , I am long until around 152 and I will short there for the big fall
And you may be 100% right. Good luck!

I for one am out. I'm too tired and I'll not whittle away yesterday's profits in this muck...lol
Ghost Rider - WWTBMD?
  • #5,896
  • Apr 16, 2013 11:15am Apr 16, 2013 11:15am
Alright guys, I'm off to get my taxes finalized. I've got some sell stops below so maybe I'll come back and have a position on :-)
check out my blog: forexmademillionaire dot com
  • #5,897
  • Apr 16, 2013 11:26am Apr 16, 2013 11:26am
Should be trading GU right now. Take a look. This is what I feared over the weekend for GJ. The UJ falling, The GU rising and the Dragon caught going nowhere..LOL
Ghost Rider - WWTBMD?
  • #5,898
  • Apr 16, 2013 11:29am Apr 16, 2013 11:29am
Quoting albchr
And you may be 100% right. Good luck! I for one am out. I'm too tired and I'll not whittle away yesterday's profits in this muck...lol
right decision. yesterday i blew 200 pips profit on my GBPNZD. because i did not stop myself on time.
As Above, So Below
  • #5,899
  • Apr 16, 2013 11:48am Apr 16, 2013 11:48am
Quoting albchr
Should be trading GU right now. Take a look. This is what I feared over the weekend for GJ. The UJ falling, The GU rising and the Dragon caught going nowhere..LOL
I wait GU for a retracement to take a long!Buy a dip is my view about Gu!
  • #5,900
  • Edited 12:18pm Apr 16, 2013 11:52am | Edited 12:18pm
another short before the fall... stop already @ BE.

Edit: My addition got stopped out but I re-entered at the test of my trend line @ 150.03 again. Its stop is also @ BE.

Edit 2: Closed both positions as the price penetrated the trend line. That's it for me today. See you guys later...
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