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Geppy's Geppy Thread (GBP/JPY)

  • #6,621
  • May 6, 2013 6:07pm May 6, 2013 6:07pm
Quoting Scrat
you mean like this? yes, i agree . just that this is not really bearish in my view, only a pullback. 2-3 days at most. {quote} {image}
Right, I just call it bearish because it is possibly a few hundred pips, or translated in 1 lot trading a few 1000 bucks.
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  • #6,622
  • May 6, 2013 6:23pm May 6, 2013 6:23pm
Quoting Scrat
you mean like this? yes, i agree . just that this is not really bearish in my view, only a pullback. 2-3 days at most. {quote} {image}
I wish I had the patience to just go long and let it ride until the channel breaks, but I just don't have that in winning trades.
And make targets from 500 to 1000 pips.

In losing trades I have much more patience. For instance in Feb I took some shorts UCAD, which was wrong, but with positive SWAP I just let it ride, and now almost 3 months later I am 50 pips in profit.

(I hedged it with longs, that's why I didn't set SL)
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  • #6,623
  • May 6, 2013 6:54pm May 6, 2013 6:54pm
if you're going with 1 lot/trade, it would take about 10 winning trades of about 1000 pips, and you just made a decent living for the whole year. higher timeframes, less time spent in front of charts, less stress, lower risk etc.
but everyone with its own style. sorry for the intrusion

Quoting KillerWhale
{quote} I wish I had the patience to just go long and let it ride until the channel breaks, but I just don't have that in winning trades. And make targets from 500 to 1000 pips. In losing trades I have much more patience. For instance in Feb I took some shorts UCAD, which was wrong, but with positive SWAP I just let it ride, and now almost 3 months later I am 50 pips in profit. (I hedged it with longs, that's why I didn't set SL)
Nihil Sine Deo.
  • #6,624
  • May 6, 2013 7:40pm May 6, 2013 7:40pm
Quoting Scrat
if you're going with 1 lot/trade, it would take about 10 winning trades of about 1000 pips, and you just made a decent living for the whole year. higher timeframes, less time spent in front of charts, less stress, lower risk etc. but everyone with its own style. sorry for the intrusion {quote}
Living in Del Mar takes more than that, but in Kearny Mesa it's OK
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  • #6,625
  • May 6, 2013 7:43pm May 6, 2013 7:43pm
Shit I closed my short UJ way too early @ 99.25
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  • #6,626
  • Edited 8:03pm May 6, 2013 7:50pm | Edited 8:03pm
Quoting BobGnarly
Bored and drawing, since trading is impossible today.... 30 min chart, uptrend still strong, but do we come out of this tunnel at new highs or testing lower TL before moving up {image}
last MoF flow of funds showed Japanese 'selling' foreign bonds.....prior to Golden Week....

looking for Japanese investors diversifying into foreign bonds as the catalyst beyond 'surprise' NFP numbers...my 2 cents

may not show up in the next set of numbers this week

also, there are educated arguments that QE4 has had ZERO impact on US employment, but as long as the FED runs its POMOs the equity markets remain elevated

if FX discerns the nuances then no uj 100, imo

tricky market
  • #6,627
  • May 6, 2013 7:54pm May 6, 2013 7:54pm
I'm gonna tale a very strong vodka orange to get some sleep before London opens.

So far so good 0.81% up for the day.
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  • #6,628
  • May 7, 2013 9:14am May 7, 2013 9:14am
Hey guys, it's been a busy week for me so I haven't been around much. I hope to read through the thread later this morning.

Real quick though... like I said going into the weekend last week: it wasn't time for longs yet! Shorts have been good to me. I'd loaded a few on Friday and took all but one off earlier this week (the one is still on there above 154.30) and then I reloaded some. Seeing a nice drop now.

I do still believe we'll want to be long, but it's not quite time to buy yet (although it's getting closer).

Talk later today!
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  • #6,629
  • May 7, 2013 10:03am May 7, 2013 10:03am
daily analysis for GBPJPY

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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #6,630
  • May 7, 2013 10:04am May 7, 2013 10:04am
Quoting ovyeh
we may see 153.33 atleast before another up movement been the 50% replacement of de up movement on Friday
this earlier quote is playing out well.
We trade to live not live to trade................
  • #6,631
  • May 7, 2013 10:35am May 7, 2013 10:35am
Quoting Geppy
Hey guys, it's been a busy week for me so I haven't been around much. I hope to read through the thread later this morning. Real quick though... like I said going into the weekend last week: it wasn't time for longs yet! Shorts have been good to me. I'd loaded a few on Friday and took all but one off earlier this week (the one is still on there above 154.30) and then I reloaded some. Seeing a nice drop now. I do still believe we'll want to be long, but it's not quite time to buy yet (although it's getting closer). Talk later today! {image}
I closed out all of my shorts and am now going to be sitting on my hands, watching for places to buy.

I'm also all caught up on the thread. Seems like a lot of garbage posts are seeping in here which isn't surprising considering we're now open to the public
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  • #6,632
  • May 7, 2013 10:57am May 7, 2013 10:57am
Quoting Geppy
{quote} I closed out all of my shorts and am now going to be sitting on my hands, watching for places to buy. I'm also all caught up on the thread. Seems like a lot of garbage posts are seeping in here which isn't surprising considering we're now open to the public
150 - 152 should be nice buy zone
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  • #6,633
  • May 7, 2013 11:58am May 7, 2013 11:58am
agree. for me, perfect place for new longs would be 151.5xx.
Quoting KillerWhale
{quote} 150 - 152 should be nice buy zone
Nihil Sine Deo.
  • #6,634
  • May 7, 2013 12:23pm May 7, 2013 12:23pm
Quoting Scrat
agree. for me, perfect place for new longs would be 151.5xx. {quote}
Hard to say at this time. The way I see it, we could retrace a bit and then drop some more... or, we've seen the bottom already. We did find support just before the 200ema on the 1h or 800 on the 4h. I took longs at 153.08, 153.10, and 153.15

If we hesitate too much between 153.50 and 154... I'll be cutting them and potentially looking to short. But right now, I can't justify ditching them as we may have put the bottom in and start heading higher.
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  • #6,635
  • May 7, 2013 12:50pm May 7, 2013 12:50pm
Quoting Geppy
{quote} I closed out all of my shorts and am now going to be sitting on my hands, watching for places to buy. I'm also all caught up on the thread. Seems like a lot of garbage posts are seeping in here which isn't surprising considering we're now open to the public
tell me about it.. lol
  • #6,636
  • May 7, 2013 5:36pm May 7, 2013 5:36pm
Quoting Geppy
{quote} Hard to say at this time. The way I see it, we could retrace a bit and then drop some more... or, we've seen the bottom already. We did find support just before the 200ema on the 1h or 800 on the 4h. I took longs at 153.08, 153.10, and 153.15 If we hesitate too much between 153.50 and 154... I'll be cutting them and potentially looking to short. But right now, I can't justify ditching them as we may have put the bottom in and start heading higher.

hey, geppy....I think I know you from long ago.......like, I'm your Godfather if that's you from Irving....south Irving from your avatar, I see you have the same "pirates smile" as your sister....Jennifer. If that's you, I'm an old buddy of the bunch your parents hung out with in the 70's. Travis Guess....would be the name.....and I'm proud of ya....if that's you......Leslie and Mike, Betty and Jim and me and Debby....all proud of ya.
  • #6,637
  • Edited 6:22pm May 7, 2013 6:09pm | Edited 6:22pm
Quoting Scrat
agree. for me, perfect place for new longs would be 151.5xx. {quote}
uj buy orders at 98.30....lets see, but scaling in some below 99 (correction)
  • #6,638
  • May 7, 2013 6:50pm May 7, 2013 6:50pm
no kidding hey jack is that really you ? long time no see man... how have you been all these years. we should get together these days, i'm gonna need my 50 grands back man. how's the blonde doing? still driving that red camaro?

Quoting Gbp/jpy
{quote} hey, geppy....I think I know you from long ago.......like, I'm your Godfather if that's you from Irving....south Irving from your avatar, I see you have the same "pirates smile" as your sister....Jennifer. If that's you, I'm an old buddy of the bunch your parents hung out with in the 70's. Travis Guess....would be the name.....and I'm proud of ya....if that's you......Leslie and Mike, Betty and Jim and me and Debby....all proud of ya.
Nihil Sine Deo.
  • #6,639
  • May 7, 2013 8:05pm May 7, 2013 8:05pm
Quoting Scrat
no kidding hey jack is that really you ? long time no see man... how have you been all these years. we should get together these days, i'm gonna need my 50 grands back man. how's the blonde doing? still driving that red camaro? {quote}
that was kinda uncall for. I believe gbp/jpy was genuinely serious and did not make any improper remarks
  • #6,640
  • May 7, 2013 8:46pm May 7, 2013 8:46pm
Quoting draego
{quote} that was kinda uncall for. I believe gbp/jpy was genuinely serious and did not make any improper remarks
agreed.
and i thought this could only happen in malaysia where people still value relationship and friendship, like
"hey ali, long time no see. how's your father doing, still in KL? everyone of you?"

i really think that this kind of conversation is dead in US until i met gbp/jpy... bravo bro!!!!

waiting to load more buys at 152.45
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