Geppy's Geppy Thread (GBP/JPY) | Page 374 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Geppy - Pick the bottom 18 replies

Lets Talk GBP/JPY "the geppy" 156 replies

geppy is "ugly" when ? 14 replies

Geppy outlook 0 replies

Attachments: Geppy's Geppy Thread (GBP/JPY)
Exit Attachments

Geppy's Geppy Thread (GBP/JPY)

  • #7,461
  • Jun 26, 2013 7:09pm Jun 26, 2013 7:09pm
Quoting theDHT
this was posted more than 48 hours ago. link to original post: http://www.forexfactory.com/showthre...84#post6773584 theDHT view: mind the trap if this pair succeeds in breaching and then holding (after test) the downward TL and major fib levels of the entire down swing, then we are on alert for potential change in trend to bullish. otherwise, we look for T1 as the current swing target, followed by a 127 extension or 100% FE of the recent swing. [edit] if we get to T1, we would be looking for a decent bounce, we may consider...
Well it never made it to your "trap"

I agree that for the swing trader we're headed down - the question is how far and how fast?

Short at 149.6 with a partial position. When it closes below 148.99 I'll take a larger position to get to 147.4 level.
...because you never know - until you do!
  • #7,462
  • Jun 26, 2013 8:03pm Jun 26, 2013 8:03pm
Potential head and shoulder
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 53 KB
  • #7,463
  • Edited 8:38pm Jun 26, 2013 8:05pm | Edited 8:38pm
However you draw the bottom of the descending wedge/triangle, GJ may already have completed or have one more leg down.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym30.png Size: 44 KB



.. or it will end up being a larger triangle than drawn.
  • #7,464
  • Jun 26, 2013 8:13pm Jun 26, 2013 8:13pm
Sell (limit) GBPJPY at 149.84 SL 150.40 TP 148.80
Happy trading!
  • #7,465
  • Jun 27, 2013 1:24am Jun 27, 2013 1:24am
Quoting Gbp/jpy
Funny thing is, in the GBP/J...mid term chart we have an expanded flat goin'. And then the short term has a triple three.....both have a lower target.....doesn't make sense to me but..... ... so now do we have to wait a long time for the 163.xx and above? Only the drops, or sells, are fast, long term. Talking to myself there for a minute, sorry. 4H says the price will reverse to longs. ..time enough for wiggle room in there
And don't forget that, at the end of a double or triple three, you'll often have a triangle formation
  • #7,466
  • Jun 27, 2013 2:08am Jun 27, 2013 2:08am
Hey dudes

Not in front of computer again today so trading through my phone but have a short term short in play here at the 200 resistance on the 1HR. Looks like it will drop down a bit here as showing overbought on the 1HR range however 4HR is showing signs to buy now so will manually close short depending if and where it drops to but had a nice cross over on the MAs on the 4HR now in the oversold zone so looks positive.
To live a successful life, we must lose our fear of being wrong
  • #7,467
  • Jun 27, 2013 4:01am Jun 27, 2013 4:01am
Quoting EatPIPs
Hey dudes Not in front of computer again today so trading through my phone but have a short term short in play here at the 200 resistance on the 1HR. Looks like it will drop down a bit here as showing overbought on the 1HR range however 4HR is showing signs to buy now so will manually close short depending if and where it drops to but had a nice cross over on the MAs on the 4HR now in the oversold zone so looks positive.
Looking to take the short out at 149.2
To live a successful life, we must lose our fear of being wrong
  • #7,468
  • Jun 27, 2013 6:12am Jun 27, 2013 6:12am
And now back to the top ... maybe 150.4
  • #7,469
  • Jun 27, 2013 7:46am Jun 27, 2013 7:46am
Quoting Mpt
And now back to the top ... maybe 150.4
This leg down isn't complete yet
To live a successful life, we must lose our fear of being wrong
  • #7,470
  • Edited 1:50pm Jun 27, 2013 1:38pm | Edited 1:50pm
The PA is sooooo...... boring, makes watching drying paint seem like fun.

Still Short...

Still waiting.....

Hopefully with the data tonight it will "spark" some kind of sell off.
...because you never know - until you do!
  • #7,471
  • Jun 27, 2013 1:42pm Jun 27, 2013 1:42pm
The daily chart still has lower daily highs and lower daily lows...seems like this spring is winding up but will it POP to the TOP or drop like a ROCK?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily0627.png Size: 16 KB
...because you never know - until you do!
  • #7,472
  • Jun 27, 2013 1:55pm Jun 27, 2013 1:55pm
Hey dudes

This may go a little up right now but by end of week tomorrow I still think it is going to go lower.

Holding onto my shorts from this morning
To live a successful life, we must lose our fear of being wrong
  • #7,473
  • Jun 27, 2013 3:42pm Jun 27, 2013 3:42pm
It's tough to pick a direction on the lower TFs right now... it's pretty muddled.

However, looking to higher TFs I think we're heading higher. The horizontal, dashed lines on my chart represent levels of resistance I'm watching. I've got some longs (both above and below current levels), and I may just hold them through next week too since I'll be on vacation. If I do any trading, it'll be from my phone so probably not a whole lot.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 81 KB
check out my blog: forexmademillionaire dot com
  • #7,474
  • Jun 27, 2013 4:24pm Jun 27, 2013 4:24pm
Still holding covered shorts ! Waiting for 149.30
  • #7,475
  • Jun 27, 2013 6:09pm Jun 27, 2013 6:09pm
added another short here
  • #7,476
  • Jun 27, 2013 6:26pm Jun 27, 2013 6:26pm
Quoting netera
added another short here
Any reason? Or just pure, gut feeling?
check out my blog: forexmademillionaire dot com
  • #7,477
  • Jun 27, 2013 6:32pm Jun 27, 2013 6:32pm
My long-term outlook for GBP/JPY is based upon what I believe is the correction phase.

Of course if it breaks ABOVE 152 then I'll go long to 157
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily0622.png Size: 39 KB
...because you never know - until you do!
  • #7,478
  • Jun 28, 2013 6:08am Jun 28, 2013 6:08am
Hey dudes

We are still messing about in this range. It's ok trading this very irritating PA but it involves checking the charts every so often which is now becoming quite annoying. Would like to place my trades and just wait for them to go in the overall direction as we are used!

Anyway, can't see my open trades on the posted chart but I am short in various places in this move up. Actually have a SL in place just above 152 but I still think this is overbought now in the current range. Can't see anything too exciting happening again today but hope someone lights the GJ rocket next week.

Looking to take out my shorts in the 148 region or cut them loose if we go into the 152s and close above.

Very tiresome.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 88 KB
To live a successful life, we must lose our fear of being wrong
  • #7,479
  • Edited 7:14am Jun 28, 2013 6:24am | Edited 7:14am
So, this what i see. Consolidation top as D wave in a triangle, or consolidating for a other upmove??!! Either way, just repeating my comment of LAST FRIDAY, we are still sitting just below the daily 50ema.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 76 KB


By the way, I vote for triangle consolidation top unless it breaks first above about 151.3


edit ... and overall, + or - 100~150 pips or so, it's bullish
  • #7,480
  • Jun 28, 2013 9:36am Jun 28, 2013 9:36am
Hey all!

I was out drinking with the gf and one of her companies "higher ups" last night, checked PA and saw we were stalling out again at 151ish. I closed all my longs on the spot for a decent profit and ended up shorting her after that. Still holding those as resistance seems to be holding again for now.

Gotta agree with EatPips... this range is killer and I hope we get out of it soon. Although I wouldn't mind us being locked in it all next week since I'll be out of town. But I wouldn't wish that on all of you now, would I?
check out my blog: forexmademillionaire dot com
2 traders viewing now