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Geppy's Geppy Thread (GBP/JPY)

  • #7,761
  • Jul 18, 2013 11:59am Jul 18, 2013 11:59am
hello friends....just newbie here...looking nice on gbp/jpy to short..seems it already overbought...enter sell at 153.00 and lucikly easy money come to me.....is this the best entry to hold the entry? any opinion on this pair?..thanks...
  • #7,762
  • Jul 18, 2013 1:50pm Jul 18, 2013 1:50pm
Quoting Geppy
Hey all... the more and more I look at Sterling based pairs, the weaker they're looking to me. GBP/USD is in an overall downtrend, that's no secret. I've actually been waiting patiently to short that puppy, and the time may be here now. As most of you know, I like to scale into my positions. So I'm taking my first poke at it here at 1.5215 Furthermore, I closed out some GBP/AUD longs last night. It's also looking weak to me up here near 1.6600 The daily chart has been struggling for weeks to get much higher than 1.6800... could we have a mid-term...
Nice brief, thanks for that.
Just do not understand why are u holding geppy short while u are bullish
I have some shorts too and thinking to cut them before weekend
  • #7,763
  • Jul 18, 2013 2:08pm Jul 18, 2013 2:08pm
Quoting magicgate
{quote} Nice brief, thanks for that. Just do not understand why are u holding geppy short while u are bullish I have some shorts too and thinking to cut them before weekend
I think I've made that pretty clear on at least two posts: it's a short-term scalp as I'm expecting a pullback. I'm very clear with my biases by saying "short-term", "long-term", or "overall".
check out my blog: forexmademillionaire dot com
  • #7,764
  • Jul 18, 2013 2:13pm Jul 18, 2013 2:13pm
Haha, me too guys. I tried a short earlier and have been taking it on the chin so far. I'm hoping as long as it doesn't break this downtrend line, which is rather weak by the way, that shorts are still fair game.

PS: Glad to be on the same side as you Geppy! I can't wait until I can put on a full 2 lots and be able to call that a "starter" position... nice!!!
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Please check out my blog at https://from-zero-to-hero . net
  • #7,765
  • Jul 18, 2013 2:20pm Jul 18, 2013 2:20pm
Ugh... it broke. I think we're going higher now. Took a loss on that short, but I think it'll be worth it for this move. I'm now long from 153... and praying
Please check out my blog at https://from-zero-to-hero . net
  • #7,766
  • Jul 18, 2013 2:57pm Jul 18, 2013 2:57pm
Good. I'm glad to see this 153.00 level holding so far. I was just going to say... if 153 can hold, I don't see any real resistance until around 154.
Please check out my blog at https://from-zero-to-hero . net
  • #7,767
  • Jul 18, 2013 4:35pm Jul 18, 2013 4:35pm
Historically the G/J rises on a thursday evening-fiday morning when bullish.....let me shoot you guys a signal here in a minute.....I think it will be a long GBP/JPY.....just a minute..
  • #7,768
  • Jul 18, 2013 4:38pm Jul 18, 2013 4:38pm
OK...it looks like it came in at 7 pm New York time....it says buy G/J...stop loss 152.84....more ....
  • #7,769
  • Jul 18, 2013 4:40pm Jul 18, 2013 4:40pm
I'm comparing the 30M candles from 7pm to 7:30 pm.......
  • #7,770
  • Jul 18, 2013 4:42pm Jul 18, 2013 4:42pm
And interpreting a 4H......I'm wrong sell the hail out of it......standby 1...
  • #7,771
  • Jul 18, 2013 4:44pm Jul 18, 2013 4:44pm
Nope...it's a buy....stop at 152.90.....if stopped out...wait 5 hours.....
  • #7,772
  • Jul 18, 2013 4:49pm Jul 18, 2013 4:49pm
Woah, be careful dude, you're starting to sound like me. Haha!

I'm still holding on to my longs from 153.00 -- anyone care to join me?

I wouldn't bother using a stop though. It'll probably just screw you over... It's fakeout city right now. Should get going here in a minute tho.
Please check out my blog at https://from-zero-to-hero . net
  • #7,773
  • Jul 18, 2013 5:01pm Jul 18, 2013 5:01pm
I've added short at 153.1
  • #7,774
  • Jul 18, 2013 5:22pm Jul 18, 2013 5:22pm
It's more tradable with small stops....floor traders do that kind of stuff....they're willing to take small losses...
  • #7,775
  • Jul 18, 2013 5:24pm Jul 18, 2013 5:24pm
I think it's hitting resistance about now. What it does with it is another matter
  • #7,776
  • Jul 18, 2013 5:29pm Jul 18, 2013 5:29pm
She's robbed me of 153.4 I was hoping to get in there for a final short. Oh well. Good day all I'm going fishing.
  • #7,777
  • Jul 18, 2013 5:42pm Jul 18, 2013 5:42pm
Hey Pumpndump....I hope it's nice for fishing.....
I'd love to get out but it's 100 degrees here ..dangit.
  • #7,778
  • Jul 18, 2013 5:50pm Jul 18, 2013 5:50pm
Quoting Pumpndump
She's robbed me of 153.4 I was hoping to get in there for a final short. Oh well. Good day all I'm going fishing.
I didn't say it would kill it dead. Just that there would seem to be resistance here
  • #7,779
  • Jul 18, 2013 6:31pm Jul 18, 2013 6:31pm
Quoting Mpt
I didn't say it would kill it dead. Just that there would seem to be resistance here
Nice job Mpt. I'm really f*ing mad now because I got short from 153.20 and took my profits too early and tried to buy some back for a quick scalp and of course that f*ed me up... I should have just held on to my short dammmmmmit
Please check out my blog at https://from-zero-to-hero . net
  • #7,780
  • Jul 18, 2013 6:52pm Jul 18, 2013 6:52pm
yep short for 152.21...it could go further ...the daily cloud top is 151.70 I think...
..
Hey Smash1820...how did you know it was about to make a move? I'm curious
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