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Geppy's Geppy Thread (GBP/JPY)

  • #7,661
  • Jul 12, 2013 2:28am Jul 12, 2013 2:28am
Quoting Mr.C
Pending G/J sell order @ 150,160 activated.

Good morning traders. Was a bit greedy this time: trade activated and stopped out at b/e after a good run down. Wish you all good luck today!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,662
  • Jul 12, 2013 2:30am Jul 12, 2013 2:30am
One thing I fully agree about with guicci is that gj is ultimately very bearish. Whether it's a h&s, or whether it drops next week, or whether it reclaims the top, it will fail at 156.7. If it makes double top, it should fall back to 147 and possibly try again...before failing. Then it's just a question of 137, 133.5, 117 ... or lower.
  • #7,663
  • Jul 12, 2013 3:26am Jul 12, 2013 3:26am
Sitting at what could be today's support right now
  • #7,664
  • Jul 12, 2013 4:35am Jul 12, 2013 4:35am
Quoting gucc100
{quote} yo,, see charts. second day and possible weekly closed below TL. almost there... time ticking enjoy ! {image} {image}
Hello Gucc,
what a difference this charting software makes! As per our meet up last year in NY. Nothing like MT4 . Hope all well in SA.
See you in Canada soon...bring family this time.

Regards
Markets are not Random, they are designed!
  • #7,665
  • Jul 12, 2013 7:02am Jul 12, 2013 7:02am
Downtrend dominating now. Shorted it with target @ 148.50.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-d1-forex-capital-markets.png Size: 55 KB
When Scalpers win, I lose and Vice varsa...
  • #7,666
  • Jul 12, 2013 7:39am Jul 12, 2013 7:39am
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting Goldflake
Downtrend dominating now. Shorted it with target @ 148.50. {image}
Normally what is your Stop Loss?
All things are difficult before they are easy.
  • #7,667
  • Jul 12, 2013 8:01am Jul 12, 2013 8:01am
Quoting Goldflake
Downtrend dominating now. Shorted it with target @ 148.50. {image}
Same with TP @ 148.80
  • #7,668
  • Jul 12, 2013 10:22am Jul 12, 2013 10:22am
Lots of bears in here it seems. I dig it! You're all making me even more confident in my positions
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check out my blog: forexmademillionaire dot com
  • #7,669
  • Jul 12, 2013 10:29am Jul 12, 2013 10:29am
Quoting Geppy
Lots of bears in here it seems. I dig it! You're all making me even more confident in my positions {image}
I feel ya dude

Even though im short, I can't be longing this pair no more, not until 151.7 is at least taken out and preferably 153.2!

Then again shorts ain't exactly been strong for last few days, still waiting for 148.7 to be taken out
To live a successful life, we must lose our fear of being wrong
  • #7,670
  • Jul 12, 2013 10:51am Jul 12, 2013 10:51am
Quoting EatPIPs
{quote} I feel ya dude Even though im short, I can't be longing this pair no more, not until 151.7 is at least taken out and preferably 153.2! Then again shorts ain't exactly been strong for last few days, still waiting for 148.7 to be taken out
Fair enough, man. Obviously, to each their own. I'm just going on the fact that we're at support and the overall trend is up. In my mind, there's no reason NOT to buy unless that channel I posted is actually broken (not a lame "break" that was posted earlier... that's just silly).

As always, time will tell but my bets are placed
check out my blog: forexmademillionaire dot com
  • #7,671
  • Jul 12, 2013 11:09am Jul 12, 2013 11:09am
Quoting Geppy
{quote} Fair enough, man. Obviously, to each their own. I'm just going on the fact that we're at support and the overall trend is up. In my mind, there's no reason NOT to buy unless that channel I posted is actually broken (not a lame "break" that was posted earlier... that's just silly). As always, time will tell but my bets are placed
Well either yours or my trade should get about 10% of the fuel needed for the jet
To live a successful life, we must lose our fear of being wrong
  • #7,672
  • Jul 12, 2013 1:27pm Jul 12, 2013 1:27pm
Well I'll be hornswoggled.....we got us anuder flat correction going.....just like the breakout of 150.07 or so, yesterday....wanna bet if we can count the a, b, c, d, e then off she goes waves....?
..
ya take the direction the PA was going and start the count on the reversal wave that completes the boundaries of the flat range it's in. Then, stay with me on this now,.....we have just enough gas to get to the isla....oh...sorry, wrong movie....the "e" wave is the one to exit....continuing the run up in this case. But back to that first part....as the price bars enter the range boundary....the "a" wave is the first one heading down ( since we're in a up move from 149.xx...50 something....)...~~, and then count the big waves that almost touch the edges....a b c d e then off to the races.
  • #7,673
  • Jul 12, 2013 1:54pm Jul 12, 2013 1:54pm
Quoting Gbp/jpy
Well I'll be hornswoggled.....we got us anuder flat correction going.....just like the breakout of 150.07 or so, yesterday....wanna bet if we can count the a, b, c, d, e then off she goes waves....? .. ya take the direction the PA was going and start the count on the reversal wave that completes the boundaries of the flat range it's in. Then, stay with me on this now,.....we have just enough gas to get to the isla....oh...sorry, wrong movie....the "e" wave is the one to exit....continuing the run up in this case. But back to that first part....as...
Gotchaaa:nerd:
  • #7,674
  • Jul 12, 2013 1:57pm Jul 12, 2013 1:57pm
Awwhw...disregard that last post, we have us a sondavitchin descending triangle....bullish for the outcome....textbook sunobavitchin descending bullish triangle...~~"hicccup"~~
  • #7,675
  • Jul 12, 2013 2:34pm Jul 12, 2013 2:34pm
Quoting Gbp/jpy
Awwhw...disregard that last post, we have us a sondavitchin descending triangle....bullish for the outcome....textbook sunobavitchin descending bullish triangle...~~"hicccup"~~
my thoughts exactly ..Gjp/bpy...burp
  • #7,676
  • Jul 12, 2013 2:51pm Jul 12, 2013 2:51pm
HAHAHAHA you guys are great!
Please check out my blog at https://from-zero-to-hero . net
  • #7,677
  • Jul 12, 2013 3:56pm Jul 12, 2013 3:56pm
EARLY next week the high point in the JPY pairs will be a sell till the bond markets reverse...be aware it's in the Japanese buying bonds the last 4 days finally. so that's down on the U. S. dollar till 136 or so in the 30 year "T" bills. 137 more likely....GBP/JPY still has downward potential....head and shoulders twice already above this price level...
  • #7,678
  • Edited 1:08pm Jul 13, 2013 9:27am | Edited 1:08pm
My partner Robert Balan says the European vacations are starting and the market will get thin till October. Can you believe they do two months. I'm jealous.
...
So we should all lose the idea that we can trade other than really short term, I think. The one pair that may take a straight trend is the EUR/AUD, one can see last summers PA.
..
G/J...one more medium term bump down should just about be all of that crap....the reason is it is being driven now by a change in ECB policy, that occurred when the pair from hail was coming out of the hole at 123.xx. the polcy was reverted back to what it was in 2007. I could be wrong, I know....but the Fed purposely ran the us dollar down on that last speech....which ran the stock markets to new world record highs. Sort of a pump and dump to get the stocks up and the dollar down( for debt reasons ).... and just 3 days before Bernanke's speech, the ECB said they want the euro to go down....actually stated that. So G/J....up, but not in a straight line, Huh! I'm watching equities, bonds and the Japanese net bond purchases...to come up with the sell a high mark in G/J sometime on monday or tuesday. And sell the euro at a new high.... also for 1.1700....1.2400 at least. wait for the options break of 1.2990 euro.
  • #7,679
  • Jul 13, 2013 1:18pm Jul 13, 2013 1:18pm
Oh yeah....that 1.3000 option expirey up there in that other post......ended on thursday morning at 10:30 am, like they all do.....then it starts the fakery.....it came down to 1 pip away from the option level before reversing. Then the next day it pierced it by one pip and reversed like crazy. They hide the actual option market effect on forex.
  • #7,680
  • Jul 14, 2013 9:01pm Jul 14, 2013 9:01pm
Stupid China, dragging down our markets...

Does anyone have an indicator or EA that displays the time remaining (in your local time zone) until the next "high impact" event on FF?

I'm not entirely sure how to program that but it sure would be helpful, and I've seen such a thing here on these forums.
Please check out my blog at https://from-zero-to-hero . net
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