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Geppy's Geppy Thread (GBP/JPY)

  • #7,361
  • Jun 21, 2013 5:02am Jun 21, 2013 5:02am
Hey Guys!! I took a long break away from forex news, forums etc... It was making my trading a bit fuzzy, tho while still profitable I thought I would see what it would be like to trade only what I saw on the charts and just major news headlines. I was getting too many signals from reading posts and news websites. Plus I took a 2 week vacation with the girlfriend and traded once a day off the daily charts and put my laptop away. And man did it do me wonders

It is good sometimes to just get away and trade a blank screen and it has been some of my best days this year, besides the 1200 pips I made on this beast from the BOJ in april. I also have been providing signals to a signal service provider and they have been liking my results, probably because I made them more pips in a few weeks then they did last quarter hahah.

But anyway, I missed you guys and now I am back for the rest of the year. A vacation is always nice and I suggest it if you feel like forex is taking over your life hahah.

Just bought this dip here at 150.70...
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  • #7,362
  • Jun 21, 2013 5:03am Jun 21, 2013 5:03am
Quoting CEOcypha
{quote} Executed a very similar strategy on USD/JPY I think that retrace is over Hope for fireworks in US session
Yeah I would like for 152 to be taken out today. To keep things interesting.
To live a successful life, we must lose our fear of being wrong
  • #7,363
  • Jun 21, 2013 5:16am Jun 21, 2013 5:16am
Welcome back BobGnarly!
  • #7,364
  • Jun 21, 2013 5:38am Jun 21, 2013 5:38am
If GJ breaks over 152.7 or so, I'll believe it's in an uptrend to the top - obviously next week. It looks like it may have some up-move left in it, but lack of recent momentum and lower time frame divergence give me the feeling that it may terminate at or around 152.2 - ie marginal new highs only. Am happy to be proved wrong.
  • #7,365
  • Jun 21, 2013 5:47am Jun 21, 2013 5:47am
Quoting Mpt
If GJ breaks over 152.7 or so, I'll believe it's in an uptrend to the top - obviously next week. It looks like it may have some up-move left in it, but lack of recent momentum and lower time frame divergence give me the feeling that it may terminate at or around 152.2 - ie marginal new highs only. Am happy to be proved wrong.
Second that.
To live a successful life, we must lose our fear of being wrong
  • #7,366
  • Jun 21, 2013 5:51am Jun 21, 2013 5:51am
Just need to break yesterdays high and we're good to go, it will make a 2nd attempt today for sure,as long as the lows held you almost always have another try at the highs, trade safe its a friday, dont give back your hard earned pips!
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  • #7,367
  • Jun 21, 2013 5:53am Jun 21, 2013 5:53am
Quoting CEOcypha
Welcome back BobGnarly!
Happy to be back, now time for the girl to start bitching about being on the forums all the time... She doesnt bitch when we take a 2 week vacation to flordia from my trading account tho
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #7,368
  • Jun 21, 2013 5:55am Jun 21, 2013 5:55am
Quoting BobGnarly
{quote} Happy to be back, now time for the girl to start bitching about being on the forums all the time... She doesnt bitch when we take a 2 week vacation to flordia from my trading account tho
got to love 'em !
To live a successful life, we must lose our fear of being wrong
  • #7,369
  • Jun 21, 2013 6:02am Jun 21, 2013 6:02am
Quoting EatPIPs
{quote} got to love 'em !

What would we do without them? Hahah

taking profit from my 150.75 long +40.. Had an amazing week. I learned to never get greedy on friday plus its quadruple witching day...
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  • #7,370
  • Jun 21, 2013 6:17am Jun 21, 2013 6:17am
Quoting BobGnarly
{quote} What would we do without them? Hahah taking profit from my 150.75 long +40.. Had an amazing week. I learned to never get greedy on friday plus its quadruple witching day...
Nice one dude!

I'm holding onto mine over the weekend most likely
To live a successful life, we must lose our fear of being wrong
  • #7,371
  • Jun 21, 2013 7:20am Jun 21, 2013 7:20am
Added more longs here
To live a successful life, we must lose our fear of being wrong
  • #7,372
  • Jun 21, 2013 9:36am Jun 21, 2013 9:36am
Very close to the 150.3 support. This zone has been support for three previous downward attempts on the 5M and also been a resistance level.

As i'm writing this we have pierced through that level. Next few candles will decide if I get out the longs or hold on.
To live a successful life, we must lose our fear of being wrong
  • #7,373
  • Jun 21, 2013 9:43am Jun 21, 2013 9:43am
I'm out of all my longs with a loss

Oh well ha ha im on the bear train now 38.2 first stop. Let's recover those losses by end of today. Still have over 100pips to complete ADR
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 84 KB
To live a successful life, we must lose our fear of being wrong
  • #7,374
  • Jun 21, 2013 9:58am Jun 21, 2013 9:58am
If we look at the 1HR chart, the last 4HR fib has held twice at the 50. It was rejected to go further down on the last attempt down at 147.3 area Daily fib of 50. With this current rejection, we could quite easily see 147 touched again (not today of course) before testing that zone to go back up (or breaking through and going further back down).

If it were to break that zone then it would be down to 145 before heading up again.

The overall trend is up as we know but this bitch is playing hard to get as of late. Got to be clever trading this pair through these ups and downs :nerd:

Very interested to see where this pair closes today. Regardless of my current open positions, with the way PA has been playing out today, I can see this thing closing in the low 149s.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 94 KB
To live a successful life, we must lose our fear of being wrong
  • #7,375
  • Jun 21, 2013 10:05am Jun 21, 2013 10:05am
This is why I took my profits this morning, it is very confusing for the crosses at the moment. You have $strength which weighs down on gbpusd bringing down gj with it. This149-152 range needs to be broken either way for our next direction.


I cut my major longs from 142 at 154. I would love to enter my next major trade around 145-46 are for my target of 163.

Scalping on the 1m until we have a direction is the best bet. Trading breakouts from support and resistance have been making me 20-30 pips at a time and when you do that 40 times a week it adds up


Catch yas sunday night
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  • #7,376
  • Jun 21, 2013 11:48am Jun 21, 2013 11:48am
This PA is crazy today

Anyway, out of my shorts and back in with the longs!
To live a successful life, we must lose our fear of being wrong
  • #7,377
  • Jun 21, 2013 8:51pm Jun 21, 2013 8:51pm
Hey guys, I was MIA all day today because the gf and I were moving into the new house finally. Exhausting!

I'm still holding my longs I put on at 150.50 the other day though and still targeting 153.00

Today was definitely a bit crazy, but hopefully next week provides a bit more clarity and decisiveness.

Have a good weekend, all!
check out my blog: forexmademillionaire dot com
  • #7,378
  • Edited 7:19am Jun 22, 2013 6:52am | Edited 7:19am
Yet another day that closed below the 50 day ema. Resistance on Friday/saturday morning where I am was at just above the double/triple top. If price gets to 153 or even 152.5 (50 day simple moving average), then the present level will act as support for a further move up next week. If the triple top or just above holds, it will become bearish. Very bearish.
  • #7,379
  • Jun 22, 2013 10:22pm Jun 22, 2013 10:22pm
Quoting Geppy
Hey guys, I was MIA all day today because the gf and I were moving into the new house finally. Exhausting! I'm still holding my longs I put on at 150.50 the other day though and still targeting 153.00 Today was definitely a bit crazy, but hopefully next week provides a bit more clarity and decisiveness. Have a good weekend, all!
Where's the new abode ( roughly ). My son and GF are presently sharing a house on the hills above Oakland at Leona Heights.
  • #7,380
  • Jun 23, 2013 10:30pm Jun 23, 2013 10:30pm
Quoting Mpt
{quote} Where's the new abode ( roughly ). My son and GF are presently sharing a house on the hills above Oakland at Leona Heights.
We're in Walnut Creek.
check out my blog: forexmademillionaire dot com
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