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Geppy's Geppy Thread (GBP/JPY)

  • #6,461
  • Apr 25, 2013 8:39pm Apr 25, 2013 8:39pm
Quoting KillerWhale
{quote} Only 1 left, at this moment @ -79 pips.
Really funny, this GU
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  • #6,462
  • Apr 25, 2013 8:45pm Apr 25, 2013 8:45pm
Quoting KillerWhale
{quote} Really funny, this GU {image}
don't know what's happening, but my last short is now -105

edit, -115
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  • #6,463
  • Apr 25, 2013 9:34pm Apr 25, 2013 9:34pm
Quoting roro53
{quote} excellent point..... re: u/j Last night Japan's MoF numbers showed selling of foreign bonds although mkt consensus has been the BOJ's aggressive monetary policy is pushing money (insurers/pension funds) into foreign mkts (soverign debt) Kuroda and BOJ Policy Stmt tonight.......don't know...maybe can shorten the timeline to achieve 2% inflation? Tomorrow....US GDP Q1....expectation for 3% looks to be the high side given weak ec prints recently....if GDP comes in on the downside the recent highs just below 100 may be a top for u/j until...
Thanks for the recap, roro... I really like the fundi side you bring to the thread!
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  • #6,464
  • Apr 25, 2013 10:01pm Apr 25, 2013 10:01pm
I get the feeling that most are bearish right now, but I'm not seeing the case for it. We had a breakout last night, and while we were unable to take the 154 handle... we're still challenging it.

Right now, PA is at support. The 1h 50ema saw a bounce (so far) and it's also the 50% fibo of the most recent move up (from last night), AND the most recent previous high (the lower red line).

Basically, there's a lot of support in this area and we're still in an uptrend. I say this is a buy zone and I'm targeting 154.85 I've got my TP and SLs in and will probably head to bed soon.

See you guys in NY.
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  • #6,465
  • Apr 25, 2013 10:24pm Apr 25, 2013 10:24pm
Quoting KillerWhale
{quote} don't know what's happening, but my last short is now -105 edit, -115
EDIT

+5 at the moment
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  • #6,466
  • Apr 25, 2013 10:25pm Apr 25, 2013 10:25pm
Quoting KillerWhale
{quote} EDIT +5 at the moment
yeah, no sooner do I post that and the bottom falls out lol
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  • #6,467
  • Apr 25, 2013 10:29pm Apr 25, 2013 10:29pm
Quoting KillerWhale
{quote} EDIT +5 at the moment
And I stopped it as +20, I just wish I had lead the other 2 this far!


Now I'm long again.
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  • #6,468
  • Apr 25, 2013 10:32pm Apr 25, 2013 10:32pm
Quoting KillerWhale
{quote} And I stopped it as +20, I just wish I had lead the other 2 this far! Now I'm long again.
I'm glad you were able to get out unscathed, dude. And yeah, I still believe long is the side to be on too. Just gonna be a bumpy ride until we can get through that darned 154...
check out my blog: forexmademillionaire dot com
  • #6,469
  • Apr 25, 2013 10:34pm Apr 25, 2013 10:34pm
Quoting KillerWhale
{quote} And I stopped it as +20, I just wish I had lead the other 2 this far! Now I'm long again.
Isn't it funny, I'm long now at exactly the same place where I was short from yesterday, 152.25.
And another long @ 152.22.
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  • #6,470
  • Apr 25, 2013 10:36pm Apr 25, 2013 10:36pm
Quoting Geppy
{quote} I'm glad you were able to get out unscathed, dude. And yeah, I still believe long is the side to be on too. Just gonna be a bumpy ride until we can get through that darned 154...
Ride it out man, we'll get where we want to be!
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  • #6,471
  • Apr 25, 2013 10:37pm Apr 25, 2013 10:37pm
Quoting KillerWhale
{quote} Ride it out man, we'll get where we want to be!
Of course that's the ultimate 163 and then heavily short from there.
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  • #6,472
  • Apr 25, 2013 11:10pm Apr 25, 2013 11:10pm
i am not bearish.
my line in the sand is 151.41, everything that doesn't go below this level is just a dip and i will buy it.

Quoting Geppy
I get the feeling that most are bearish right now, but I'm not seeing the case for it. We had a breakout last night, and while we were unable to take the 154 handle... we're still challenging it. Right now, PA is at support. The 1h 50ema saw a bounce (so far) and it's also the 50% fibo of the most recent move up (from last night), AND the most recent previous high (the lower red line). Basically, there's a lot of support in this area and we're still in an uptrend. I say this is a buy zone and I'm targeting 154.85 I've got my TP and SLs in and...
Nihil Sine Deo.
  • #6,473
  • Apr 25, 2013 11:32pm Apr 25, 2013 11:32pm
Quoting Scrat
i am not bearish. my line in the sand is 151.41, everything that doesn't go below this level is just a dip and i will buy it. {quote}
Right
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  • #6,474
  • Apr 25, 2013 11:34pm Apr 25, 2013 11:34pm
Quoting KillerWhale
{quote} Right
That's why I'm flat GJ, because I'm bearish UJ and GU
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  • #6,475
  • Apr 25, 2013 11:39pm Apr 25, 2013 11:39pm
cable is anything BUT bearish right now.
Quoting KillerWhale
{quote} That's why I'm flat GJ, because I'm bearish UJ and GU
Nihil Sine Deo.
  • #6,476
  • Apr 25, 2013 11:45pm Apr 25, 2013 11:45pm
Quoting Scrat
cable is anything BUT bearish right now. {quote}
My view of cable:
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  • #6,477
  • Apr 25, 2013 11:57pm Apr 25, 2013 11:57pm
exactly. but this is not bearish , at least not now.
Quoting KillerWhale
{quote} My view of cable: {image}
Nihil Sine Deo.
  • #6,478
  • Apr 26, 2013 12:10am Apr 26, 2013 12:10am
Quoting Scrat
exactly. but this is not bearish , at least not now. {quote}
It will be........................ soon
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  • #6,479
  • Apr 26, 2013 12:14am Apr 26, 2013 12:14am
Quoting KillerWhale
{quote} It will be........................ soon
So
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  • #6,480
  • Apr 26, 2013 12:27am Apr 26, 2013 12:27am
Quoting KillerWhale
{quote} So {image}
or better
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