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Geppy's Geppy Thread (GBP/JPY)

  • #6,741
  • May 12, 2013 8:28pm May 12, 2013 8:28pm
Quoting KillerWhale
{quote} Not a good place to enter long here
Long I think not a good place to trade any currency at the moment
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  • #6,742
  • May 12, 2013 8:32pm May 12, 2013 8:32pm
Quoting KillerWhale
{quote} Not a good place to enter long here
Was not showing a long Sir.............Limited upside is saying short it...........
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  • #6,743
  • May 12, 2013 8:33pm May 12, 2013 8:33pm
Quoting forexalien
{quote} Limited up side, bollinger Squeeze................H1 {image}
Shorting it ...................
Attached Image (click to enlarge)
Click to Enlarge Name: 5_12 GJ H1.JPG Size: 258 KB
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  • #6,744
  • May 12, 2013 8:35pm May 12, 2013 8:35pm
Where should be the best TP area? 60pips?
  • #6,745
  • May 12, 2013 8:36pm May 12, 2013 8:36pm
just a small comment - i think you should focus on the lower edge of the current range. your indicators are good for a quantitative approach but are not as good as price action at identifying entries. in this situation, we are presumably at the top of the rally (or not even close to the top) and i can tell you from my own experience that this is never a good place to go against the trend without a clear confirmation. it's worse than peeing against the wind ... just my two cents.
i'm out to the gym.

p.s. my pending sell stop is below 155.69 and i am targeting 154.10.


Quoting forexalien
{quote} Limited up side, bollinger Squeeze................H1 {image}
Nihil Sine Deo.
  • #6,746
  • May 12, 2013 8:38pm May 12, 2013 8:38pm
thank you, much appreciated
Quoting KillerWhale
{quote} Agree, By the way, here is a vouch for you.
Nihil Sine Deo.
  • #6,747
  • May 12, 2013 8:43pm May 12, 2013 8:43pm
Quoting Scrat
just a small comment - i think you should focus on the lower edge of the current range. your indicators are good for a quantitative approach but are not as good as price action at identifying entries. in this situation, we are presumably at the top of the rally (or not even close to the top) and i can tell you from my own experience that this is never a good place to go against the trend without a clear confirmation. it's worse than peeing against the wind ... just my two cents. i'm out to the gym. p.s. my pending sell stop is below 155.69 and...
With the UJ still climbing, I would tend to agree....

I am looking a couple of days out for this to fall yet..............
The More You Learn, The More You Earn.....
  • #6,748
  • May 12, 2013 11:32pm May 12, 2013 11:32pm
4Hr....Have sm CT, but a lot of ways to play her north me thinken. 154.68 look tastey
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  • #6,749
  • May 13, 2013 12:26am May 13, 2013 12:26am
Supply Zones.. A Bit lower even..
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  • #6,750
  • May 13, 2013 1:46am May 13, 2013 1:46am
Morning dudes

Still holding my shorts... Will see how today plays out. The trend is long for sure but can't be buying at this price with current range at the moment in my opinion.
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  • #6,751
  • May 13, 2013 3:08am May 13, 2013 3:08am
Lets see what happens at 157~157.2 (assuming it gets there)
  • #6,752
  • May 13, 2013 10:39am May 13, 2013 10:39am
Finally some movement! Would like to see the high end of 154 S3 taken out then jump on the BULL train
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  • #6,753
  • May 13, 2013 10:45am May 13, 2013 10:45am
Glad I choose to trade UJ for now
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  • #6,754
  • May 13, 2013 10:55am May 13, 2013 10:55am
Cleared all shorts at 155.66 and looking for a slight pullback to reload.
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  • #6,755
  • May 13, 2013 10:56am May 13, 2013 10:56am
Quoting EatPIPs
Finally some movement! Would like to see the high end of 154 S3 taken out then jump on the BULL train {image}
Yeah, a retest of the previous top on the 6th would be a great place to start considering longs again. Nice trading, dude.
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  • #6,756
  • May 13, 2013 11:04am May 13, 2013 11:04am
Quoting Geppy
{quote} Yeah, a retest of the previous top on the 6th would be a great place to start considering longs again. Nice trading, dude.
Thanks dude

I've closed 2 of my 4 shorts at 155.6 however leaving the other two open. I still believe we will see 154 again before heading up so going to hold onto these until opening some longs. Just my opinion of course
To live a successful life, we must lose our fear of being wrong
  • #6,757
  • May 13, 2013 11:09am May 13, 2013 11:09am
Quoting EatPIPs
{quote} Thanks dude I've closed 2 of my 4 shorts at 155.6 however leaving the other two open. I still believe we will see 154 again before heading up so going to hold onto these until opening some longs. Just my opinion of course
Definitely a possibility and looking much more likely now that we've broken through the bottom part of this range. I'm looking to reload just a bit higher from here and see how far she'll run
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  • #6,758
  • May 13, 2013 11:12am May 13, 2013 11:12am
Quoting Geppy
{quote} Definitely a possibility and looking much more likely now that we've broken through the bottom part of this range. I'm looking to reload just a bit higher from here and see how far she'll run
Snap dude I just added one more short here
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  • #6,759
  • May 13, 2013 11:59am May 13, 2013 11:59am
Opened first long @ 155.80
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  • #6,760
  • May 13, 2013 12:05pm May 13, 2013 12:05pm
Quoting KillerWhale
Opened first long @ 155.80
4H looks a little nasty, dude. I'd personally hold off and favor shorts for now. Another 100pips down wouldn't be a bad thing and looks highly probable at this point.
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