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Geppy's Geppy Thread (GBP/JPY)

  • #7,241
  • Jun 13, 2013 4:27pm Jun 13, 2013 4:27pm
Quoting Geppy
As far as I can tell, the next resistance zone is at about 150.70 Like my ghetto chart? I'll probably take them all of there and potentially look to rebuy after that. {image}
Yeah I had two TPs at 150... Just got back in now to see the charts and the banked profits.

I will be leaving the remaining TPs at 150.2-4 as I need to get some sleep now. SL in place also at a nice profit number

I've made over 600 pips today haven't done that for quite some time!!!

Speak to you tomorrow
To live a successful life, we must lose our fear of being wrong
  • #7,242
  • Jun 13, 2013 4:33pm Jun 13, 2013 4:33pm
Quoting EatPIPs
{quote} Yeah I had two TPs at 150... Just got back in now to see the charts and the banked profits. I will be leaving the remaining TPs at 150.2-4 as I need to get some sleep now. SL in place also at a nice profit number I've made over 600 pips today haven't done that for quite some time!!! Speak to you tomorrow
Wow, dude... very, very nice!

Normally I'd say we're done for the week, but with the action we've been seeing... tomorrow could be lucrative too.

See ya then.
check out my blog: forexmademillionaire dot com
  • #7,243
  • Jun 13, 2013 4:41pm Jun 13, 2013 4:41pm
Quoting Geppy
{quote} Wow, dude... very, very nice! Normally I'd say we're done for the week, but with the action we've been seeing... tomorrow could be lucrative too. See ya then.
I think tonight (GMT) will be very nice. I've decided to remove my TPs and leave a trailing stop on all my open longs... Let them play how they want to

See ya tomorrow dude
To live a successful life, we must lose our fear of being wrong
  • #7,244
  • Jun 13, 2013 4:43pm Jun 13, 2013 4:43pm
On the 1HR 151.34 looks reachable and where on this rally I would see resistance...
To live a successful life, we must lose our fear of being wrong
  • #7,245
  • Jun 13, 2013 6:28pm Jun 13, 2013 6:28pm
Quoting EatPIPs
On the 1HR 151.34 looks reachable and where on this rally I would see resistance...
Definitely doable. But I'm going to play it a little more conservative.

My SL for all entries is in 149.70, and then I have TPs layered up to just under 151.00

Here's hoping
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 85 KB
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  • #7,246
  • Jun 13, 2013 6:31pm Jun 13, 2013 6:31pm
Quoting Geppy
{quote} Definitely doable. But I'm going to play it a little more conservative. My SL for all entries is in 149.70, and then I have TPs layered up to just under 151.00 Here's hoping {image}
are my eyes deceiving me or do you really have a 50+ lots position on?
  • #7,247
  • Jun 13, 2013 6:35pm Jun 13, 2013 6:35pm
Quoting Myo
{quote} are my eyes deceiving me or do you really have a 50+ lots position on?
They're mini lots, Myo... 72.50 total - so just over 7 standards.
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  • #7,248
  • Jun 13, 2013 7:08pm Jun 13, 2013 7:08pm
Quoting Geppy
{quote} Definitely doable. But I'm going to play it a little more conservative. My SL for all entries is in 149.70, and then I have TPs layered up to just under 151.00 Here's hoping {image}
Stopped out and flat for now. Nikkei is trading up, but USD/JPY doesn't seem to be liking it. Something seems off...
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  • #7,249
  • Jun 13, 2013 7:25pm Jun 13, 2013 7:25pm
Hello everyone
Is there a good source of order information (bids / offers) for GBPJPY? For GBPUSD there is a daily list on forexlive that is great for supplementing my own GBPUSD support and resistance levels, but I cant find anything as comprehensive for GBPJPY. I see that there are UJ and EJ bids and offers regularly listed on forexlive, is it a matter of correlating these levels with GJ? Or deriving GBPJPY order interest levels from the order book info available on OANDA's site? I've been fumbling with trying to sort this out for a while, any clues from GJ traders would be appreciated.
  • #7,250
  • Jun 13, 2013 7:51pm Jun 13, 2013 7:51pm
Quoting Geppy
{quote} Stopped out and flat for now. Nikkei is trading up, but USD/JPY doesn't seem to be liking it. Something seems off...
oh my i just went long at 94.85 . iŽll just pretend not to be bothered.
  • #7,251
  • Jun 14, 2013 1:25am Jun 14, 2013 1:25am
Quoting Myo
{quote} oh my i just went long at 94.85 . iŽll just pretend not to be bothered.
Currently short, but heading to bed soon.
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  • #7,252
  • Jun 14, 2013 1:43am Jun 14, 2013 1:43am
Hi everyone, my best analysis of support levels on the downside:


146.6

145.9 a level that price also stopped at on March 15, but was retested on April 5

144 and 145 some support

142.4 daily 200 MA

141.4

140.5~7

If it drops below the 145.9 area, I expect final support somewhere between levels 3 and 4 above.
  • #7,253
  • Jun 14, 2013 1:43am Jun 14, 2013 1:43am
Alright, guys... here's my chart before I shove off for the night.

I just sell-stopped my way into one more short at 148.85 and, as you can see, I'm looking for a drop to retest Thursday's lows (or thereabouts). We may see some continuation and a break down if we trade down that far, or we may see a bounce. I have no clue right now, I'm just playing the current direction of PA.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 85 KB
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  • #7,254
  • Jun 14, 2013 1:53am Jun 14, 2013 1:53am
OK, I lied about going to bed just yet.

Here's another chart (even though it seems I'm talking to myself). This is the 5min view and notice the trendline since our recovery from yesterday's drop was just broken. Next support is 148.40 and if/when that goes, there's not much between that and the low 147s
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 84 KB
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  • #7,255
  • Jun 14, 2013 2:54am Jun 14, 2013 2:54am
Conversely, just to be unbiased, resistance is at 152 and 153
  • #7,256
  • Jun 14, 2013 3:18am Jun 14, 2013 3:18am
Quoting Mpt
Conversely, just to be unbiased, resistance is at 152 and 153
Classic retest of the broken TL. Assuming we head through 148.48 next, I won't be surprised to see us slice through 148.40 pretty quickly. I adjusted so TPs to spread them out a bit too:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 85 KB
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  • #7,257
  • Jun 14, 2013 3:30am Jun 14, 2013 3:30am
Hey dudes

Well my TS got hit pretty quickly last night but all good well over +100 on the remaining ones

I don't think I am going to be trading much today as I know I will end up buying full lots with yesterdays profits and my RR just isn't there yet.

Saying that, I opened a small short an hour or so ago - looking for a break and close below 148.34 and will add another few maybe.

The 50 yesterday was holding very strongly therefore if it does pass that then 145 seems reachable (61.8) but there are many strong barriers on the way there.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 85 KB
To live a successful life, we must lose our fear of being wrong
  • #7,258
  • Jun 14, 2013 3:31am Jun 14, 2013 3:31am
Quoting Geppy
{quote} Classic retest of the broken TL. Assuming we head through 148.48 next, I won't be surprised to see us slice through 148.40 pretty quickly. I adjusted so TPs to spread them out a bit too: {image}

I fully agree, but I still want to see it below the Daily 100 at 148.
  • #7,259
  • Jun 14, 2013 3:42am Jun 14, 2013 3:42am
But I think Cable's gunna take a dump
  • #7,260
  • Jun 14, 2013 3:44am Jun 14, 2013 3:44am
Nice little break there... making progress (finally)
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