Geppy's Geppy Thread (GBP/JPY) | Page 387 | 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)

  • #7,721
  • Jul 17, 2013 3:54am Jul 17, 2013 3:54am
Quoting Mpt
{quote} I also have a vague idea that the top may be in ... but we'll wait and see
Yes that move up took us nicely to the top of the triangle on my charts (just a bit above actually) touching the 138.2 4HR fib to the pip. I would now eventually like to see it get through 149.05 and then resume down if that is the way it is going to go.
To live a successful life, we must lose our fear of being wrong
  • #7,722
  • Jul 17, 2013 4:00am Jul 17, 2013 4:00am
Quoting EatPIPs
{quote} Yes that move up took us nicely to the top of the triangle on my charts (just a bit above actually) touching the 138.2 4HR fib to the pip. I would now eventually like to see it get through 149.05 and then resume down if that is the way it is going to go.

If it gets to 152.3 to 153 it's probably in a bearish (ultimately) formation. If it stops at 152 it has real potential of ending up as a bullish pattern.
  • #7,723
  • Jul 17, 2013 4:02am Jul 17, 2013 4:02am
Quoting Mpt
{quote} If it gets to 152.3 to 153 it's in a bearish (ultimately) formation. If it stops at 152 it has real potential of ending up as a bullish pattern.
For me I can't see it being ultimately bullish until 153.1 is taken out.
To live a successful life, we must lose our fear of being wrong
  • #7,724
  • Jul 17, 2013 4:07am Jul 17, 2013 4:07am
Might look to go long if it retraces back to the 151.00 level. 50 Fib level from previous move plus a support line now from previous resistance. Stop loss around 150.75 (0.618 Fib level)
It Pays to Trade - trusted rebate service
  • #7,725
  • Jul 17, 2013 4:10am Jul 17, 2013 4:10am
Quoting EatPIPs
{quote} For me I can't see it being ultimately bullish until 153.1 is taken out.
I'll draw it up in a couple of hours and explain my reasoning. It's dinner time here shortly.
  • #7,726
  • Jul 17, 2013 4:22am Jul 17, 2013 4:22am
Quoting EatPIPs
{quote} For me I can't see it being ultimately bullish until 153.1 is taken out.
Overall trend is still long.

As you can see on the attached daily chart the overall trend is up but the channel we are in is yet to be broken + closed. As I mentioned in a previous post, unless I don't see 153.1 taken out (with close), I still see this dropping IMO.

If and when this gets back down to the 146 zone, for me personally it will be the ultimate decider if it will drop right down or break out of the channel back up.

Im being very patient with my very low risk small trade because I am just waiting for the right moment to add in bigger lots. Potentially I would of added more at the last 4HR close but again, i'll leave my trades open for as long as needed.

For all you wave riders our there, there is much more profit to earn!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 67 KB
To live a successful life, we must lose our fear of being wrong
  • #7,727
  • Jul 17, 2013 4:34am Jul 17, 2013 4:34am
Quoting EatPIPs
{quote} Overall trend is still long. As you can see on the attached daily chart the overall trend is up but the channel we are in is yet to be broken + closed. As I mentioned in a previous post, unless I don't see 153.1 taken out (with close), I still see this dropping IMO. If and when this gets back down to the 146 zone, for me personally it will be the ultimate decider if it will drop right down or break out of the channel back up. Im being very patient with my very low risk small trade because I am just waiting for the right moment to add...
Fair enough. I won't bother posting my explanation. Suffice to say, if 152 is the top for now, the next low at 149.2 or double bottom should send to 153, back to about 152 then a top at 156.7, then 147, then 156.7 or so then 147, then a 61.8 or 76% retracement.......then collapse
  • #7,728
  • Jul 17, 2013 5:49am Jul 17, 2013 5:49am
Oh man, they ended the Q E in Britain....dang... that's huge for the GBP
  • #7,729
  • Jul 17, 2013 8:20am Jul 17, 2013 8:20am
40 pips so far
New voice message: Why are you calling me? If I need you, I'll call you!
  • #7,730
  • Jul 17, 2013 8:20am Jul 17, 2013 8:20am
Quoting KillerWhale
40 pips so far
forgot the pic
Attached Image
New voice message: Why are you calling me? If I need you, I'll call you!
  • #7,731
  • Jul 17, 2013 9:23am Jul 17, 2013 9:23am
long on that spike down through 151.00...GBP is strong so I'm looking for resumption of the long term up move. My 7:42 pm in New York signal likes long GBP/JPY.
  • #7,732
  • Jul 17, 2013 10:44am Jul 17, 2013 10:44am
Quoting Gbp/jpy
long on that spike down through 151.00...GBP is strong so I'm looking for resumption of the long term up move. My 7:42 pm in New York signal likes long GBP/JPY.
Yeah me too hit the 50% fib level and a good support line. Though might look to exit early as we shouldn't see much volume for the rest of the day
It Pays to Trade - trusted rebate service
  • #7,733
  • Jul 17, 2013 6:04pm Jul 17, 2013 6:04pm
i see 151.50 is holding , Short targeting 151.20
  • #7,734
  • Edited 10:17pm Jul 17, 2013 8:16pm | Edited 10:17pm
Quoting Mpt
{quote} Fair enough. I won't bother posting my explanation. Suffice to say, if 152 is the top for now, the next low at 149.2 or double bottom should send to 153, back to about 152 then a top at 156.7, then 147, then 156.7 or so then 147, then a 61.8 or 76% retracement.......then collapse
I'm curious...is that an irregular triangle...and then collapse...o,I see....projections and retracements as normal....ok..........GBP/JPY is following global sized fundamentals....so that could mean really bad....banks lock their doors...oh, dang
...
I just noticed on the economic caledar that Japan will have elections on Sunday...Monday....holding PA till that. And in line with that is Europe has gone on vacation early...usually we get till August....
  • #7,735
  • Jul 18, 2013 12:01am Jul 18, 2013 12:01am
S 152
  • #7,736
  • Jul 18, 2013 12:30am Jul 18, 2013 12:30am
Heyoooo... took all my longs off at 152.00 and flat now. I'll be looking to buy on any pullbacks
check out my blog: forexmademillionaire dot com
  • #7,737
  • Jul 18, 2013 12:48am Jul 18, 2013 12:48am
Quoting Geppy
Heyoooo... took all my longs off at 152.00 and flat now. I'll be looking to buy on any pullbacks
Hey dude! I just opened up a couple more shorts here

Good play on the longs.
To live a successful life, we must lose our fear of being wrong
  • #7,738
  • Jul 18, 2013 12:50am Jul 18, 2013 12:50am
Quoting netera
i see 151.50 is holding , Short targeting 151.20
What on earth are you doing? It holds but you target lower?
A 1 pip gain is better than a 1 pip loss.
  • #7,739
  • Jul 18, 2013 1:02am Jul 18, 2013 1:02am
Quoting Geppy
Heyoooo... took all my longs off at 152.00 and flat now. I'll be looking to buy on any pullbacks
Hi man, and what levels do you expect these pullbacks?
still sitting on a fence and waiting for a move up to start shorting
  • #7,740
  • Edited 1:43am Jul 18, 2013 1:30am | Edited 1:43am
Quoting Geppy
Heyoooo... took all my longs off at 152.00 and flat now. I'll be looking to buy on any pullbacks
This is exactly what I am doing too.... errr, at least was... until I bought back into the market almost exactly where I sold it at, LOL

I guess I still can't help myself!

I'm looking for a move up here on the 1M for another test of 152.00. PA appears bullish to me and I think we're going to break through this time, but if not I'll take profits there. I personally don't think it's time to short quite yet... but it will be soon.
Attached Image
Please check out my blog at https://from-zero-to-hero . net
6 traders viewing now