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Geppy's Geppy Thread (GBP/JPY)

  • #6,021
  • Apr 17, 2013 6:32am Apr 17, 2013 6:32am
Quoting msniper
yah u r right i just keep adding more short with every strong bounce. by the time it reaches 141ish my account will be increased 300% because i over leverage this opportunity
Yes,I add more short,too!
  • #6,022
  • Apr 17, 2013 6:34am Apr 17, 2013 6:34am
Quoting Scrat
looks like we're heading to 147.81, first support put in place by yesterday's ny close. {image}
That's what I'm looking at for now as well Scrat. Just banked my 150.90 to add a little "margarine" to spread around...lol

I'm using less, but larger positions this run.
Ghost Rider - WWTBMD?
  • #6,023
  • Apr 17, 2013 6:37am Apr 17, 2013 6:37am
Quoting albchr
Finally a break. Maybe clear to the 23.6% 148.18ish now. Would be nice. If GU can step through 5250 now, should be easy for GJ to drop more.
147.6x would be even better for a bounce
  • #6,024
  • Apr 17, 2013 6:43am Apr 17, 2013 6:43am
Quoting blobsaudio
147.6x would be even better for a bounce
LOL...easy there partner... one step at a time...

So far this last drop fib is working very well. Either to the pip or within a few at every level.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #6,025
  • Apr 17, 2013 6:46am Apr 17, 2013 6:46am
okay. i will not exit my positions there, but maybe take some partial profits and then tighten stops and let it run.
i think this is the other leg of the swing that started from the last top. looks like we are dropping again but even if we see sub-146 i see the overall trend is still up, so i will be looking for buying opportunities. 144.15 looks like a nice area IF the drop will show signs of weakness, but we'll see if we even get there.

Quoting albchr
That's what I'm looking at for now as well Scrat. Just banked my 150.90 to add a little "margarine" to spread around...lol I'm using less, but larger positions this run.
Nihil Sine Deo.
  • #6,026
  • Apr 17, 2013 6:48am Apr 17, 2013 6:48am
147.81... 147.6x... what's the difference... man, g-j can jump 20 pips faster than i fart.
Quoting blobsaudio
147.6x would be even better for a bounce
Nihil Sine Deo.
  • #6,027
  • Apr 17, 2013 6:49am Apr 17, 2013 6:49am
Quoting kaka_ht
You still hold long trades?
Although I wish I had stuck to my weekend view, I haven't had a long all week kaka.

Not sure where you're getting that from??
Ghost Rider - WWTBMD?
  • #6,028
  • Apr 17, 2013 6:53am Apr 17, 2013 6:53am
Quoting albchr
Although I wish I had stuck to my weekend view, I haven't had a long all week kaka. Not sure where you're getting that from??
Haha,maybe I read incorrectly!

Do you plan add more short trade at every bounce 20-30 pips till 146?
  • #6,029
  • Apr 17, 2013 6:53am Apr 17, 2013 6:53am
Quoting Scrat
okay. i will not exit my positions there, but maybe take some partial profits and then tighten stops and let it run. i think this is the other leg of the swing that started from the last top. looks like we are dropping again but even if we see sub-146 i see the overall trend is still up, so i will be looking for buying opportunities. 144.15 looks like a nice area IF the drop will show signs of weakness, but we'll see if we even get there.
100% agree bro. We ARE counter trend trading right now. Unless it breaks 141.50/141ish (weekly) with conviction, We're still in bull run overall in my view.

It's what I love about the Beast. So many good pips within any trend!
Ghost Rider - WWTBMD?
  • #6,030
  • Apr 17, 2013 6:57am Apr 17, 2013 6:57am
Quoting kaka_ht
Haha,maybe I read incorrectly! Do you plan add more short trade at every bounce 20-30 pips till 146?
I "plan" as ALWAYS...to "Follow" PA as best I can. That's all I can do.

If I "knew" we were absolutely going to hit 146, I'd have bet the farm at 150.90 bro. Keep it real and don't try to predict.
Ghost Rider - WWTBMD?
  • #6,031
  • Apr 17, 2013 6:57am Apr 17, 2013 6:57am
Quoting albchr
LOL...easy there partner... one step at a time... So far this last drop fib is working very well. Either to the pip or within a few at every level. {image}
My wish to have it go to 147.6x is to do with where I place my price zones. Not saying it will happen, but would be a nice area for me to look for a long entry.
  • #6,032
  • Apr 17, 2013 7:01am Apr 17, 2013 7:01am
Quoting Scrat
147.81... 147.6x... what's the difference... man, g-j can jump 20 pips faster than i fart.
.. so true. You'd think anyone following the beast for a month would know that.

With all the noise and the G20 this week? It could pop a 100 in seconds!
Ghost Rider - WWTBMD?
  • #6,033
  • Apr 17, 2013 7:05am Apr 17, 2013 7:05am
Quoting blobsaudio
My wish to have it go to 147.6x is to do with where I place my price zones. Not saying it will happen, but would be a nice area for me to look for a long entry.
I hear ya and that's cool. It's why I always refer to an "area" as ISH. ISH on the beast "can" be 50/70 pips either way. So 147.60/148.18 all fits well within ISH...lol
Ghost Rider - WWTBMD?
  • #6,034
  • Apr 17, 2013 7:07am Apr 17, 2013 7:07am
looks like its going up now
  • #6,035
  • Apr 17, 2013 7:11am Apr 17, 2013 7:11am
Quoting GDR3k
Got a couple of buy orders waiting to catch temporary bounces back up. 148.97 target 20 pips, r:r: 1:1 148.32 target 25 pips, r:r 1:1. {image}
That was a close one, target hit +20 @ 149.17.

Pending sell order at 149.432, 11 pip target, r:r 1:1.

THE SCALPEL IS OUT
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  • #6,036
  • Apr 17, 2013 7:13am Apr 17, 2013 7:13am
Testing 38.2% Hope it holds..lol
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #6,037
  • Apr 17, 2013 7:16am Apr 17, 2013 7:16am
Quoting GDR3k
That was a close one, target hit +20 @ 149.17. Pending sell order at 149.432, 11 pip target, r:r 1:1. THE SCALPEL IS OUT {image}
Hello dude hows it going - GL with trading today
To live a successful life, we must lose our fear of being wrong
  • #6,038
  • Apr 17, 2013 7:18am Apr 17, 2013 7:18am
Quoting albchr
Testing 38.2% Hope it holds..lol {image}
If PA can't get through this level,I will add more short position!
  • #6,039
  • Apr 17, 2013 7:19am Apr 17, 2013 7:19am
Right, banked and flat. Will watch for more.
Ghost Rider - WWTBMD?
  • #6,040
  • Apr 17, 2013 7:21am Apr 17, 2013 7:21am
this is my map for trading g-j medium term.
we are in an upswing that can be seen on daily tf. inside this upswing, there is a leg down that can be seen on h4 - is this complete? i think not (although i may be wrong but we'll see) and so i am trying to ride this dip below 146 and then look for longs from there.

the alternative is that this leg down on h4 is complete and prices will go above 151.16.
Attached Image (click to enlarge)
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Nihil Sine Deo.
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