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Geppy's Geppy Thread (GBP/JPY)

  • #6,241
  • Apr 20, 2013 10:05am Apr 20, 2013 10:05am
Will UJ hit 100 coming week?
And GJ 154?
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  • #6,242
  • Apr 20, 2013 10:20am Apr 20, 2013 10:20am
Quoting KillerWhale
Will UJ hit 100 coming week? And GJ 154?
I think it could happen... finally!
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  • #6,243
  • Apr 20, 2013 10:27am Apr 20, 2013 10:27am
Quoting KillerWhale
Will UJ hit 100 coming week? And GJ 154?
I've got 5 long positions open, @ 151.19, 21, 29, 31 and sadly enough one @ 152.50 that I forgot to close when we went down.
Overall I am 1 pip in profit with the weekend spread of 17.4
New voice message: Why are you calling me? If I need you, I'll call you!
  • #6,244
  • Apr 20, 2013 11:00am Apr 20, 2013 11:00am
Quoting KillerWhale
I've got 5 long positions open, @ 151.19, 21, 29, 31 and sadly enough one @ 152.50 that I forgot to close when we went down. Overall I am 1 pip in profit with the weekend spread of 17.4
I wouldn't worry, dude. I think we're finally done with the consolidation we've been seeing and can now continue the trend. That's not to say we won't see pullbacks... a couple hundred pip correction could definitely happen, but I think for now we should find support in the 150 zone if it does.
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  • #6,245
  • Apr 20, 2013 12:15pm Apr 20, 2013 12:15pm
overall agree to the bullish view, with just a small comment. if we see higher highs all's well and beautiful BUT let's keep in mind that the road to 154 or above MIGHT go through 148. it's a possibility, we may see a visit down there, and if it happens i will treat it as pullback unless it goes below mid-147.
in other words, right now i have a bullish bias as long as we are above 147-147.50.
Nihil Sine Deo.
  • #6,246
  • Apr 20, 2013 12:26pm Apr 20, 2013 12:26pm
Quoting Scrat
overall agree to the bullish view, with just a small comment. if we see higher highs all's well and beautiful BUT let's keep in mind that the road to 154 or above MIGHT go through 148. it's a possibility, we may see a visit down there, and if it happens i will treat it as pullback unless it goes below mid-147. in other words, right now i have a bullish bias as long as we are above 147-147.50.
I'm prepared to go to 148.1, but with my magic Gann HiLo I don't have to fear, I can always throw in some shorts to ride along with the longs and then buy more at lower levels. Only problem with that is that I don't allow myself to sleep when that happens.
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  • #6,247
  • Apr 20, 2013 1:05pm Apr 20, 2013 1:05pm
sure you can sleep, the only thing is you must be sure is that you're on the right side of the track. if you are... you can even go fishing for a couple of weeks, let alone sleeping

Quoting KillerWhale
I'm prepared to go to 148.1, but with my magic Gann HiLo I don't have to fear, I can always throw in some shorts to ride along with the longs and then buy more at lower levels. Only problem with that is that I don't allow myself to sleep when that happens.
Nihil Sine Deo.
  • #6,248
  • Apr 20, 2013 1:17pm Apr 20, 2013 1:17pm
Quoting Scrat
sure you can sleep, the only thing is you must be sure is that you're on the right side of the track. if you are... you can even go fishing for a couple of weeks, let alone sleeping
I don't fish, I just watch them, really I once saw a shark of the coast of Point Loma @ a hundred feet deep. (Not a great white obviously, since I'm still here).
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  • #6,249
  • Apr 20, 2013 8:23pm Apr 20, 2013 8:23pm
Something to watch for.

http://www.zerohedge.com/news/2013-0...not-successful
Ghost Rider - WWTBMD?
  • #6,250
  • Apr 20, 2013 10:07pm Apr 20, 2013 10:07pm
afternoon guys!

hope everyone is having a great weekend = Chris I think there is a lot of weakness in cable - esp seeing as fitch downgraded UKs credit rating - which most likely is what caused the shorting on Friday. Also I think the BOE would like to see a weaker GBP.. Totally agree with BOJ plans out muscling the cable weakness for us to keep going higher - I just think cable will make the pull backs a little more interesting and maybe bring about some more buying opportunities.

greenies for all next week after a slightly frustrating week for most last week (me def included) - which is all part n parcel of the shenanigans of forex


Quoting albchr
Index food for thought for our beloved Beast. Daily/Weekly USD - On the daily the dollar broke it's 10 range today after properly breaking and testing what I've seen as a daily bull flag. This is good news for UJ but the work isn't over yet. On the weekly it now sits right against the 38.2% resistance with a slightly higher resistance to left set in March. Yen - After going into this G20 week getting stronger, the Yen tested and was rejected by an important resistance level. With the prevailing thought coming out of the G20 that the BoJ easing...
"Millionaires don't use astrology, billionaires do"
  • #6,251
  • Apr 20, 2013 11:47pm Apr 20, 2013 11:47pm
strange.. http://www.bloomberg.com/news/2013-0...s-fall-1-.html

all yen pairs are presently 30-60 pips lower than when markets "closed"... was hoping more of a gap the other way - still lots of time though so lets see what happens
"Millionaires don't use astrology, billionaires do"
  • #6,252
  • Apr 21, 2013 12:10am Apr 21, 2013 12:10am
Quoting forex_growth
strange.. http://www.bloomberg.com/news/2013-0...s-fall-1-.html all yen pairs are presently 30-60 pips lower than when markets "closed"... was hoping more of a gap the other way - still lots of time though so lets see what happens
This doesn't say much, the best values you get 1-2 hours before market opens. But even with big GAPs I would put in a trade anymore before opening. Last time I did that the Sunday after BoJ explosion and got an 86 pips slippage or so.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #6,253
  • Apr 21, 2013 12:33am Apr 21, 2013 12:33am
holy crap thats huge - reminds me of silver with that sort of slippage - scary beast also

yeah had a feeling few hours before would define things more.. let the fireworks commence then

Quoting KillerWhale
This doesn't say much, the best values you get 1-2 hours before market opens. But even with big GAPs I would put in a trade anymore before opening. Last time I did that the Sunday after BoJ explosion and got an 86 pips slippage or so.
"Millionaires don't use astrology, billionaires do"
  • #6,254
  • Apr 21, 2013 4:14am Apr 21, 2013 4:14am
Quoting forex_growth
holy crap thats huge - reminds me of silver with that sort of slippage - scary beast also yeah had a feeling few hours before would define things more.. let the fireworks commence then
My long kicked in exactly after the close of the first minute @ Oanda. Fortunately it was not a problem because we went much higher after that.
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  • #6,255
  • Apr 21, 2013 5:38am Apr 21, 2013 5:38am
Quoting forex_growth
afternoon guys! hope everyone is having a great weekend = Chris I think there is a lot of weakness in cable - esp seeing as fitch downgraded UKs credit rating - which most likely is what caused the shorting on Friday. Also I think the BOE would like to see a weaker GBP.. Totally agree with BOJ plans out muscling the cable weakness for us to keep going higher - I just think cable will make the pull backs a little more interesting and maybe bring about some more buying opportunities. greenies for all next week after a slightly frustrating week...
You have summed up in a paragraph what my long winded, chart infested post was saying FG. Maybe one day I'll learn to do the same...LOL

I think we all know selling the YEN "long Term" is a good play. But keep in mind the dollar buddy. It's major player and for guys like me who aren't long term, set a trade and wait months/years, those "interesting pullbacks" you mention will be the killers I'll need to look out for and even turn into selling opportunities along the long term path.

I'm just saying for intraday/weekly traders, I think we're back to the times of having to look both ways before crossing a busy street...lol
Ghost Rider - WWTBMD?
  • #6,256
  • Apr 21, 2013 6:36am Apr 21, 2013 6:36am
Quoting KillerWhale
This doesn't say much, the best values you get 1-2 hours before market opens. But even with big GAPs I would put in a trade anymore before opening. Last time I did that the Sunday after BoJ explosion and got an 86 pips slippage or so.
gl killer. we got g-20, imf meeting today.
  • #6,257
  • Apr 21, 2013 6:55am Apr 21, 2013 6:55am
Quoting pkimnyc
gl killer. we got g-20, imf meeting today.
Thanks, I knew, I'll see what happens before I do anything stupid.
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  • #6,258
  • Apr 21, 2013 9:20am Apr 21, 2013 9:20am
hey guys just off to bed as its gone midnight here now...

just a simple view also in terms of geppy - first pic is monthly - we've settled above the 23 fib from the move down and if you look at the second chart (4HR) we can see price plays beautifully to the 23 fib - I'll happily keep buying above that sucker for sure - regardless of BOJ..

Attached Image(s) (click to enlarge)
Click to Enlarge Name: geppy monthly.png Size: 110 KB
Click to Enlarge Name: geppy 4hr.png Size: 104 KB
"Millionaires don't use astrology, billionaires do"
  • #6,259
  • Apr 21, 2013 10:42am Apr 21, 2013 10:42am
Hey guys... whew, busy weekend! I had 2 bday parties yesterday: one BBQ and one on a boat in the SF bay. Check out the pics below, it was a gorgeous night and the Giants were playing so we scooted through McCovey Cove for a bit. The one of the gf and I was taken apparently by accident, but I think it's a pretty cool pic. The night one is the bay bridge which gets very little recognition but is getting redone right now and they've got some light show going on it every night, so it looks pretty cool. Great night and great weather.

I'll be house hunting all day so I won't be around for the open.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ggunderbelly.JPG Size: 988 KB
Click to Enlarge Name: MeandKB.PNG Size: 512 KB
Click to Enlarge Name: GiantsStadium.JPG Size: 845 KB
Click to Enlarge Name: baybridge.JPG Size: 785 KB
Click to Enlarge Name: baybridge2.JPG Size: 773 KB
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  • #6,260
  • Apr 21, 2013 12:22pm Apr 21, 2013 12:22pm
Quoting Geppy
Hey guys... whew, busy weekend! I had 2 bday parties yesterday: one BBQ and one on a boat in the SF bay. Check out the pics below, it was a gorgeous night and the Giants were playing so we scooted through McCovey Cove for a bit. The one of the gf and I was taken apparently by accident, but I think it's a pretty cool pic. The night one is the bay bridge which gets very little recognition but is getting redone right now and they've got some light show going on it every night, so it looks pretty cool. Great night and great weather. I'll be house hunting...

Very nice bro! Sounds like a great weekend to me. The shot of you two is cool. Many high end photographers seek shots like that so it's one heck of an accident.

I managed to squeak in a little wind therapy today so I'm ready for open

A little prop for continued Yen selling perhaps?

http://www.bloomberg.com/news/2013-0...s-fall-1-.html
Ghost Rider - WWTBMD?
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