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Geppy's Geppy Thread (GBP/JPY)

  • #6,721
  • May 10, 2013 9:31am May 10, 2013 9:31am
Quoting EatPIPs
{quote} it sure is what it is dude ha ha! R3 is holding so far today, still not sure on what today's final call will be for myself!
My guess is we just see some ranging today. I can't see anything significant happen, but then again... never know!
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  • #6,722
  • May 10, 2013 10:00am May 10, 2013 10:00am
Quoting Geppy
{quote} My guess is we just see some ranging today. I can't see anything significant happen, but then again... never know!
Geppy dude its the Geppy your talking about here ha ha
To live a successful life, we must lose our fear of being wrong
  • #6,723
  • May 10, 2013 10:09am May 10, 2013 10:09am
I am mainly in UJ at the moment and that's going fine
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  • #6,724
  • May 10, 2013 11:00am May 10, 2013 11:00am
I will start buying again @ 155.80
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  • #6,725
  • May 10, 2013 11:24am May 10, 2013 11:24am
looks like we going to have a nice pull back for buying opportunities.
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  • #6,726
  • May 10, 2013 11:44am May 10, 2013 11:44am
i closed my longs earlier around 156 and am long again from around 155.90. hoping to see a break and hold here above 156. it could happen by EOD, imo.
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  • #6,727
  • Edited 4:37pm May 10, 2013 12:57pm | Edited 4:37pm
if 156 breaks and holds, which it looks to me like it will, my next target will be 156.50. however, i have a tight stop in place should things head south.

EDIT: well i didn't close out of my position, so turns out i am net long over the weekend . i didn't get the greatest entry into my last trade(s), but have an average price just above 156, so i'd like to see it gap up on Sunday or just climb a little higher, which i personally think it can do. i still think 156.50 seems like a reasonable target for now, but i may reconsider if the market doesn't look too good at the open... haha i hope i'm right!
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  • #6,728
  • May 11, 2013 6:44am May 11, 2013 6:44am
Really I always have a good laugh when people trading gj are talking about:
A tight stop or a mental stop.

The tight stop will be taken out as soon as gj wiggles.
And the mental stop, well you saw it Thursday, it it breaks out there is absolutely no time to put a hard stop where the mental stop was.
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  • #6,729
  • May 11, 2013 12:12pm May 11, 2013 12:12pm
I've left my shorts open over the weekend looking to get out in the low 155s...
To live a successful life, we must lose our fear of being wrong
  • #6,730
  • May 11, 2013 7:25pm May 11, 2013 7:25pm
Unsurprisingly, the G7 presented no issues with what Japan has been doing in terms of easing:

http://www.forexlive.com/blog/2013/0...to-weaken-yen/

While this was expected, like FXLive says, it does take the uncertainty out of the equation and we may see further gains in USD/JPY and GBP/JPY alike come next week.

Hope everyone is enjoying the weekend.
check out my blog: forexmademillionaire dot com
  • #6,731
  • May 11, 2013 8:15pm May 11, 2013 8:15pm
Quoting Geppy
Unsurprisingly, the G7 presented no issues with what Japan has been doing in terms of easing: http://www.forexlive.com/blog/2013/0...to-weaken-yen/ While this was expected, like FXLive says, it does take the uncertainty out of the equation and we may see further gains in USD/JPY and GBP/JPY alike come next week. Hope everyone is enjoying the weekend.
The only bad thing is that GU is slowing down GJ
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  • #6,732
  • May 12, 2013 12:38am May 12, 2013 12:38am
GU is just move like her brother EuroUsd.
i think there will be high boost if euro fly, and then finally GU ready to hang out with us again.
just in my opinion.
  • #6,733
  • May 12, 2013 4:41am May 12, 2013 4:41am
I am leaving open long position , hope the news of the G7 can help
  • #6,734
  • May 12, 2013 3:40pm May 12, 2013 3:40pm
GJ will start with GAP UP
Currently 156.40
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  • #6,735
  • May 12, 2013 5:42pm May 12, 2013 5:42pm
Phew!

Very happy to see this GJ gap up, I closed out of my longs at 156.35 and will look to re-enter at a better price, depending on how this gap holds up. So far, I am still biased to the long side and if Geppy's post is true (that the G7 is okay with Japan's easing policy), I don't see any reason why we can't climb higher still...at least for now.
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  • #6,736
  • May 12, 2013 6:18pm May 12, 2013 6:18pm
very small short @ 156.70
  • #6,737
  • May 12, 2013 8:09pm May 12, 2013 8:09pm
i think at some point it will test again 154.10 but for now i don't see any clear signs for going short.
Quoting netera
very small short @ 156.70
Nihil Sine Deo.
  • #6,738
  • May 12, 2013 8:13pm May 12, 2013 8:13pm
Quoting Scrat
i think at some point it will test again 154.10 but for now i don't see any clear signs for going short. {quote}
Agree,

By the way, here is a vouch for you.
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  • #6,739
  • May 12, 2013 8:17pm May 12, 2013 8:17pm
Quoting Scrat
i think at some point it will test again 154.10 but for now i don't see any clear signs for going short. {quote}
Limited up side, bollinger Squeeze................H1
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  • #6,740
  • May 12, 2013 8:27pm May 12, 2013 8:27pm
Quoting forexalien
{quote} Limited up side, bollinger Squeeze................H1 {image}
Not a good place to enter long here
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