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Geppy's Geppy Thread (GBP/JPY)

  • #5,941
  • Apr 16, 2013 5:45pm Apr 16, 2013 5:45pm
Quoting albchr
My shorts are under water! I'm going back to babypips damit! I'll be back in a year or so.

This might sound stupid, but I learned my best money management from upping my risk, the bigger size the more strict you will be, well it worked for me anyway.


When you see 5xs your normal pip size flashing in front of you it makes you be extremely patient.
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  • #5,942
  • Apr 16, 2013 5:49pm Apr 16, 2013 5:49pm
looks like it's time to start buying dips.
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  • #5,943
  • Apr 16, 2013 5:51pm Apr 16, 2013 5:51pm
Quoting Geppy
looks like it's time to start buying dips.


I was going to pull the trigger on that 1 hr pinbar reversal yesterday!! The uncertainity of the boston mess yesterday made me cautious :/
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  • #5,944
  • Apr 16, 2013 5:54pm Apr 16, 2013 5:54pm
Quoting BobGnarly
I was going to pull the trigger on that 1 hr pinbar reversal yesterday!! The uncertainity of the boston mess yesterday made me cautious :/
Oh well... if the trend is now resuming up, there will be plenty of pips to make.
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  • #5,945
  • Apr 16, 2013 5:56pm Apr 16, 2013 5:56pm
Quoting Geppy
Oh well... if the trend is now resuming up, there will be plenty of pips to make.
No doubt
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  • #5,946
  • Apr 16, 2013 5:57pm Apr 16, 2013 5:57pm
Quoting Geppy
looks like it's time to start buying dips.
Clear and close above this area and I'll agree. The 200sma is a bit of resistance me thinks. As of now, I just don't know yet.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #5,947
  • Apr 16, 2013 6:04pm Apr 16, 2013 6:04pm
Quoting albchr
Clear and close above this area and I'll agree. The 200sma is a bit of resistance me thinks. As of now, I just don't know yet. {image}
Whoops...forgot the fib of the fall

Let's see what happens at the 61.8% 150ish
Attached Image (click to enlarge)
Click to Enlarge Name: gj_1h.gif Size: 23 KB
Ghost Rider - WWTBMD?
  • #5,948
  • Apr 16, 2013 6:08pm Apr 16, 2013 6:08pm
Scrat will probably laugh at me but...just for shits and giggles. Interesting...
Attached Image (click to enlarge)
Click to Enlarge Name: gj_1h_v.gif Size: 17 KB
Ghost Rider - WWTBMD?
  • #5,949
  • Apr 16, 2013 6:17pm Apr 16, 2013 6:17pm
Quoting BobGnarly
Been flat since this morning.. Trying a range break {image}
Stop at BE @ .204

Going to go read my new book... Cya guys later
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  • #5,950
  • Apr 16, 2013 6:49pm Apr 16, 2013 6:49pm
you got it right.
but just keep in mind, the trend can continue up even after you see decreasing volumes. ideally, for a valid reversal i would like to see a correlation between buying and selling volumes. for instance, in this case, smaller "buying" volumes + increasing "selling" volumes, there must be selling if we are to see a move down, right? it isn't, so no shorts for me at the moment.

Quoting albchr
Scrat will probably laugh at me but...just for shits and giggles. Interesting... {image}
Nihil Sine Deo.
  • #5,951
  • Apr 16, 2013 6:53pm Apr 16, 2013 6:53pm
Quoting Gbp/jpy
msniper....nice chart for us to look at. thanks for that....are you floor trading? thanks in advance, buddy (from the oppsite side of the world!!)
you are most welcome bro
  • #5,952
  • Apr 16, 2013 7:12pm Apr 16, 2013 7:12pm
Quoting Scrat
you got it right. but just keep in mind, the trend can continue up even after you see decreasing volumes. ideally, for a valid reversal i would like to see a correlation between buying and selling volumes. for instance, in this case, smaller "buying" volumes + increasing "selling" volumes, there must be selling if we are to see a move down, right? it isn't, so no shorts for me at the moment.
Gotcha! Thanks man.

Well I'm getting some sleep. Have fun guys, see ya in the morning.
Ghost Rider - WWTBMD?
  • #5,953
  • Apr 16, 2013 7:33pm Apr 16, 2013 7:33pm
So right here at this run up to 151.00......the 30 M and 15 M charts show the most "in your face bullish candle formation" three and four white soldiers, in candle talk.
  • #5,954
  • Apr 16, 2013 7:53pm Apr 16, 2013 7:53pm
61.8% Fib level from recent move down still holding...
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-16_1651.png Size: 88 KB
  • #5,955
  • Apr 16, 2013 8:58pm Apr 16, 2013 8:58pm
its still holding 61.8

Quoting 100PipsADay
61.8% Fib level from recent move down still holding... {image}
  • #5,956
  • Apr 16, 2013 9:08pm Apr 16, 2013 9:08pm
Quoting 100PipsADay
61.8% Fib level from recent move down still holding... {image}

everybody can see that it is holding.
so what???
As Above, So Below
  • #5,957
  • Apr 16, 2013 9:14pm Apr 16, 2013 9:14pm
Quoting tashkent
everybody can see that it is holding. so what???
So I personally won't be buying until this recent DOWN MOVE is over...

I forgot I need to spell these types of things out for people like you, sorry about that, I should have been more clear earlier, just didn't think anybody's hand needed to be held.
  • #5,958
  • Apr 16, 2013 9:16pm Apr 16, 2013 9:16pm
Quoting ssaqeel
its still holding 61.8
uhhhhhh... I think that's EXACTLY what he said...
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  • #5,959
  • Apr 16, 2013 9:16pm Apr 16, 2013 9:16pm
In fact, this area is the best R:R if one were to short. Definitely not looking to go long at this time...

*I'm already short on a few other JPY cross pairs so am going to hold off on GBP/JPY for the time being, however, this spot is looking like a nice area to short.
  • #5,960
  • Apr 16, 2013 9:23pm Apr 16, 2013 9:23pm
Quoting 100PipsADay
In fact, this area is the best R:R if one were to short. Definitely not looking to go long at this time... *I'm already short on a few other JPY cross pairs so am going to hold off on GBP/JPY for the time being, however, this spot is looking like a nice area to short.
I actually shorted, but was only doing so as a scalp. I was planning on taking longs from a retest of the break out area. However, the more I look at the charts, the more undecided I feel...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 104 KB
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