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Geppy's Geppy Thread (GBP/JPY)

  • #7,961
  • Jul 24, 2013 3:04am Jul 24, 2013 3:04am
Quoting Geppy
Shouldn't be long now... Bed time for me, later kids! {image}
Yup just waiting to crack 154.2
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To live a successful life, we must lose our fear of being wrong
  • #7,962
  • Jul 24, 2013 4:20am Jul 24, 2013 4:20am
Expanding triangle
  • #7,963
  • Jul 24, 2013 8:39am Jul 24, 2013 8:39am
Why so quiet in here?
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  • #7,964
  • Jul 24, 2013 8:45am Jul 24, 2013 8:45am
Quoting Geppy
Why so quiet in here?
I wonder also

I closed my longs at 153.8 and took two shorts, closed at 153.5 and reloaded another two longs now looking to break this into 154
To live a successful life, we must lose our fear of being wrong
  • #7,965
  • Jul 24, 2013 8:47am Jul 24, 2013 8:47am
Quoting EatPIPs
{quote} I wonder also I closed my longs at 153.8 and took two shorts, closed at 153.5 and reloaded another two longs now looking to break this into 154
hehehhe short from here for me , hope i i dont end underwater
  • #7,966
  • Jul 24, 2013 8:50am Jul 24, 2013 8:50am
Quoting netera
{quote} hehehhe short from here for me , hope i i dont end underwater
Bulls got too much strength IMO opinion dude yet
To live a successful life, we must lose our fear of being wrong
  • #7,967
  • Jul 24, 2013 8:53am Jul 24, 2013 8:53am
closing longs for tonight
been burnt too many times by sleeping with open positions
happy hunting all
hopefully i wake up with an opportunity to go long again
  • #7,968
  • Jul 24, 2013 9:04am Jul 24, 2013 9:04am
Quoting EatPIPs
{quote} I wonder also I closed my longs at 153.8 and took two shorts, closed at 153.5 and reloaded another two longs now looking to break this into 154
Both closed at 154. Staying on the sidelines now until 15M candle calms down to decide where to go.

I will be going long but where to enter not sure yet. May scalp a short here after the 15M close for some pips before reloading on the longs.
To live a successful life, we must lose our fear of being wrong
  • #7,969
  • Jul 24, 2013 9:45am Jul 24, 2013 9:45am
Quoting EatPIPs
{quote} Both closed at 154. Staying on the sidelines now until 15M candle calms down to decide where to go. I will be going long but where to enter not sure yet. May scalp a short here after the 15M close for some pips before reloading on the longs.
Huh... I bought another on that dip
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  • #7,970
  • Jul 24, 2013 10:06am Jul 24, 2013 10:06am
Quoting Geppy
{quote} Huh... I bought another on that dip
Yeah I was waiting to see where that 15M ended up. Still yet to close above 153.87 regardless of it being broken.

Saying that I have reloaded after that 15M candle. My initial target is into the 156/157 region however I keep taking my profits at the next resistance on my charts, waiting for a pullback and then reloading. Doing this, I am also trying to make some pips on the pullbacks but so far they have not been worth it as the pullbacks have been crap!

Anyway, see you at the top
To live a successful life, we must lose our fear of being wrong
  • #7,971
  • Jul 24, 2013 10:08am Jul 24, 2013 10:08am
Quoting EatPIPs
{quote} Yeah I was waiting to see where that 15M ended up. Still yet to close above 153.87 regardless of it being broken. Saying that I have reloaded after that 15M candle. My initial target is into the 156/157 region however I keep taking my profits at the next resistance on my charts, waiting for a pullback and then reloading. Doing this, I am also trying to make some pips on the pullbacks but so far they have not been worth it as the pullbacks have been crap! Anyway, see you at the top
haha, sounds good bro
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  • #7,972
  • Jul 24, 2013 10:33am Jul 24, 2013 10:33am
That was the close I was looking for on the 15M

Adding more longs as soon as we break out of the 15M channel!
To live a successful life, we must lose our fear of being wrong
  • #7,973
  • Jul 24, 2013 12:09pm Jul 24, 2013 12:09pm
i'm prefer buying GJ since weekly's chart going to complete either Stoch(fast retrace back to 2 slows in parallel) or bb to the up side.
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  • #7,974
  • Jul 24, 2013 12:39pm Jul 24, 2013 12:39pm
I'm flat on all Yen pairs.

Good week so far
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  • #7,975
  • Jul 24, 2013 12:51pm Jul 24, 2013 12:51pm
Hey all... I sent this as a PM in a conversation with EatPips. I thought it'd be good to post it here too:

Yeah, I'm actually not sure how comfortable I'd be holding longs through tonight. We have UK GDP tonight, and it's a pretty big risk event. Like I said... from a technical perspective, I think GBP/USD is looking weak. The overall trend is down and I see this most recent most off the highs as corrective. We've actually stalled right at the 61.8% fibo of the latest down move (daily or 4h chart) which happens to coincide with the 800ema on the 4h.

Fundamentals, in my opinion, do have a tendency to follow technicals. Tonight's GDP data could be the catalyst to start Sterling on the way back down. If so, it'd push GBP/JPY with it at least initially. But in the grand scheme of things, I think we're going to be moving to an environment where the USD is driving rather than the JPY. When that happens, I find it's generally best to be in USD denominated trades rather than getting caught in the cross pairs' tug-of-war.

Just my opinion, but that's what I'm looking at. If we don't see any follow through by NY close, I may bail on my trades and bank profits.

NOTE: I did, as posted, already decide to close my trades.
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  • #7,976
  • Jul 24, 2013 1:07pm Jul 24, 2013 1:07pm
Quoting Geppy
Hey all... I sent this as a PM in a conversation with EatPips. I thought it'd be good to post it here too: Yeah, I'm actually not sure how comfortable I'd be holding longs through tonight. We have UK GDP tonight, and it's a pretty big risk event. Like I said... from a technical perspective, I think GBP/USD is looking weak. The overall trend is down and I see this most recent most off the highs as corrective. We've actually stalled right at the 61.8% fibo of the latest down move (daily or 4h chart) which happens to coincide with the 800ema on the...
I've just bought more on this drop
To live a successful life, we must lose our fear of being wrong
  • #7,977
  • Jul 24, 2013 1:11pm Jul 24, 2013 1:11pm
Quoting EatPIPs
{quote} I've just bought more on this drop
haha, no fear with tonight's GDP eh?
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  • #7,978
  • Jul 24, 2013 1:21pm Jul 24, 2013 1:21pm
Quoting Geppy
{quote} haha, no fear with tonight's GDP eh?
Fear? Me? lol.

I'll answer that tomorrow after the GDP
To live a successful life, we must lose our fear of being wrong
  • #7,979
  • Jul 24, 2013 1:25pm Jul 24, 2013 1:25pm
Perhaps we get a bit of a reversal tonight/tomorrow. I think UJ is off to 101.50, maybe higher. As I was saying last night, it's not that I thought being long GJ was bad, it's that I thought UJ long is better percentage wise.

GU , EU, AU are all weak. Had you been playing AJ, you'd be in the red right now due to heavy AU selling. I'm looking forward to any retraces up for GU/EU to sell. Should probably be going long UJ on any decent size pull back as well.


Nice trades to the longs, wish you continued success!
  • #7,980
  • Jul 24, 2013 1:39pm Jul 24, 2013 1:39pm
Quoting Ck87
Perhaps we get a bit of a reversal tonight/tomorrow. I think UJ is off to 101.50, maybe higher. As I was saying last night, it's not that I thought being long GJ was bad, it's that I thought UJ long is better percentage wise. GU , EU, AU are all weak. Had you been playing AJ, you'd be in the red right now due to heavy AU selling. I'm looking forward to any retraces up for GU/EU to sell. Should probably be going long UJ on any decent size pull back as well. Nice trades to the longs, wish you continued success!
GBP/JPY moved about 50% further than U/J on a per pip basis since last night to the highs...
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