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Geppy's Geppy Thread (GBP/JPY)

  • #5,961
  • Apr 16, 2013 11:27pm Apr 16, 2013 11:27pm
Quoting Geppy
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... {image}
Agreed, price could definitely move either way which is why I don't want too many positions open at this time. However, I'm still leaning a little more to the downside for the time being.

When in doubt, stay out!
  • #5,962
  • Apr 16, 2013 11:31pm Apr 16, 2013 11:31pm
Quoting 100PipsADay
Agreed, price could definitely move either way which is why I don't want too many positions open at this time. However, I'm still leaning a little more to the downside for the time being. When in doubt, stay out!
Well, I'm in doubt... however, if I can get some positions on and get SLs to the point where they're in the money... well, why not?
check out my blog: forexmademillionaire dot com
  • #5,963
  • Apr 16, 2013 11:33pm Apr 16, 2013 11:33pm
Quoting 100PipsADay
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.
good to know my friend. i really appreciate you spelling "these types of thing for people like me". English is not my native language. it is just one of those many languages i speak.
so, personally i will not be bothered with any fibies, ma's or indies. they mean nothing to me. good luck with your shorties.
As Above, So Below
  • #5,964
  • Apr 16, 2013 11:53pm Apr 16, 2013 11:53pm
so far so good fellows. let's break this 151 with confidence. 152 is on the horizon.
As Above, So Below
  • #5,965
  • Apr 16, 2013 11:58pm Apr 16, 2013 11:58pm
No short for me at the moment.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #5,966
  • Apr 17, 2013 12:05am Apr 17, 2013 12:05am
seem to slow down, dont think it can pass with current momentum with out dropping first. selling then BE!
  • #5,967
  • Apr 17, 2013 12:08am Apr 17, 2013 12:08am
Quoting draego
seem to slow down, dont think it can pass with current momentum with out dropping first. selling then BE!
I'll just wait and go long and will try to go long lower.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #5,968
  • Apr 17, 2013 12:12am Apr 17, 2013 12:12am
Morning dudes

Glad to wake up again and have all my longs from last night banked at TP... Didn't need as strong of a coffee this morning

Im long again at the 61.8 - I have 153.05ish as a target for today, lets see what happens.

I'll also be buying more on the dips along the way to my target.

GL in trading today all!
Attached Image (click to enlarge)
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To live a successful life, we must lose our fear of being wrong
  • #5,969
  • Apr 17, 2013 12:42am Apr 17, 2013 12:42am
looks like down to 150.27 first
  • #5,970
  • Apr 17, 2013 1:31am Apr 17, 2013 1:31am
Long 150.70 and 151
New voice message: Why are you calling me? If I need you, I'll call you!
  • #5,971
  • Apr 17, 2013 1:37am Apr 17, 2013 1:37am
Quoting KillerWhale
Long 150.70 and 151
Hey KillerWhale,

Just curious, what made you want to go long at this price? Were you longing ever since we bottomed out at 146.32 the other day?
  • #5,972
  • Edited 2:12am Apr 17, 2013 1:44am | Edited 2:12am
We may possibly be looking at a straight forward wedge, triangle or flag. Or it will continue to the top. But with no further information to go with, maybe the weekly pivot at 151.7 might be the top of the present move. Just a guess.

Attached Image (click to enlarge)
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  • #5,973
  • Apr 17, 2013 2:09am Apr 17, 2013 2:09am
Quoting 100PipsADay
Hey KillerWhale, Just curious, what made you want to go long at this price? Were you longing ever since we bottomed out at 146.32 the other day?
I went first long at 148.55, just adding a bit since my signals still point up (Gann hilo 1 hr and 4 hr)
New voice message: Why are you calling me? If I need you, I'll call you!
  • #5,974
  • Apr 17, 2013 2:10am Apr 17, 2013 2:10am
Quoting KillerWhale
I went first long at 148.55, just adding a bit since but signals still point up (Gann hilo 1 hr and 4 hr)
Gotcha!
  • #5,975
  • Apr 17, 2013 2:23am Apr 17, 2013 2:23am
Hi everyone. Some jpy index outlook. It comes to strong weekly demand zone and makes strong rejection. Atm it looks like jpy pairs want to make some fakeout (new highs) and then strong possibility of correction wave.

Cheers
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  • #5,976
  • Apr 17, 2013 2:58am Apr 17, 2013 2:58am
I'm using this as a buying opportunity.

100pips, I'm really interested in knowing why you'd be selling.

If I understand triple screen properly, weekly and daily are both in an uptrend according to MACD. Wouldn't you be looking for oversold conditions on the 1h to get long now?
check out my blog: forexmademillionaire dot com
  • #5,977
  • Apr 17, 2013 3:01am Apr 17, 2013 3:01am
Quoting Geppy
I'm using this as a buying opportunity. 100pips, I'm really interested in knowing why you'd be selling. If I understand triple screen properly, weekly and daily are both in an uptrend according to MACD. Wouldn't you be looking for oversold conditions on the 1h to get long now?

My AUD/JPY, NZD/JPY, and USD/JPY D1 charts have all now crossed over to the downside, actually as of yesterday...

Therefore, I actually got quite a few short positions yesterday and today... *I don't trade GBP/JPY using the EA but will often trade along side the other JPY pairs as they tend to move in tandem more than often...
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  • #5,978
  • Apr 17, 2013 3:07am Apr 17, 2013 3:07am
I've added another long at 150.2
To live a successful life, we must lose our fear of being wrong
  • #5,979
  • Apr 17, 2013 3:09am Apr 17, 2013 3:09am
Quoting EatPIPs
I've added another long at 150.2
Where are other your long positions?Are they stopped out or you still hold them?
  • #5,980
  • Apr 17, 2013 3:19am Apr 17, 2013 3:19am
I'm gonna be babysitting until this GBP data comes out and then bed time for me.
check out my blog: forexmademillionaire dot com
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