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Geppy's Geppy Thread (GBP/JPY)

  • #7,981
  • Jul 24, 2013 1:42pm Jul 24, 2013 1:42pm
Quoting Geppy
{quote} GBP/JPY moved about 50% further than U/J on a per pip basis since last night to the highs...

Yeah, heavy GU selling came late in session. If only we all had crystal balls , for now just balls
  • #7,982
  • Jul 24, 2013 3:32pm Jul 24, 2013 3:32pm
Quoting Ck87
{quote} Yeah, heavy GU selling came late in session. If only we all had crystal balls , for now just balls
That has nothing to do with it.

I said it moved 50% more... the move was UP. The GU selling hurt/hindered the move up in GBP/JPY.

In other words, despite the heavy selling in G/U today, G/J still managed to run up about 50% more than USD/JPY in the same period.
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  • #7,983
  • Jul 24, 2013 3:39pm Jul 24, 2013 3:39pm
I was watching the market the whole time and GU wasn't selling off at that point. On a per pip basis to start obviously GJ was going to be up more pips unless there was big selling on GU due to the fact that GJ is a higher priced pair.

Right now GBP.USD is -0.36% and GBP.JPY IS +0.51% while USD.JPY is +0.87%, it's basic math. I'm sure you can subtract 87-36. I'm pretty sure with your experience you know this.

So actually, yeah, it has everything to do with it.
  • #7,984
  • Jul 24, 2013 3:50pm Jul 24, 2013 3:50pm
Quoting Ck87
I was watching the market the whole time and GU wasn't selling off at that point. On a per pip basis to start obviously GJ was going to be up more pips unless there was big selling on GU due to the fact that GJ is a higher priced pair. Right now GBP.USD is -0.36% and GBP.JPY IS +0.51% while USD.JPY is +0.87%, it's basic math. I'm sure you can subtract 87-36. I'm pretty sure with your experience you know this. So actually, yeah, it has everything to do with it.
I said from the low to the high G/J outperformed... I can't be any clearer than that. And I really struggle to deal with stupidity. I'm trying my absolute best here!
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  • #7,985
  • Jul 24, 2013 3:52pm Jul 24, 2013 3:52pm
Quoting Geppy
{quote} I said from the low to the high G/J outperformed... I can't be any clearer than that. And I really struggle to deal with stupidity. I'm trying my absolute best here!

Yeah and you also said it had nothing to do with GU not selling off at that point, which is utter stupidity. At the point you're talking about (highs) GU was in the green on the day, and that was the reason for it. Grow up.
  • #7,986
  • Jul 24, 2013 3:58pm Jul 24, 2013 3:58pm
Quoting Ck87
{quote} Yeah and you also said it had nothing to do with GU not selling off at that point, which is utter stupidity. At the point you're talking about (highs) GU was in the green on the day, and that was the reason for it. Grow up.
Again... wrong.

Let me break this down for you, Mr. Simpleton.

I was talking specifically about the move up from low to high in both USD/JPY and GBP/JPY

You said, and stood by your statement today, that USD/JPY was a better play than GBP/JPY.

That's absolutely incorrect because if you measure from low to high in both pairs, GBP/JPY performed about 50% better than USD/JPY

Let me break that down even more for you since I know you're struggling to comprehend that:

If you bought USD/JPY last night and GBP/JPY and sold both today at session highs, GBP/JPY would have made you about 50% more money.

The selling in GBP/USD has (and I repeat) nothing to do with that fact.

How are you even alive?
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  • #7,987
  • Jul 24, 2013 4:00pm Jul 24, 2013 4:00pm
Oh ok, because people buy at lows and just sell at highs all the time. As long as you're being realistic bro. And you're someone who uses the word logic often, how odd.

And the fact that you would repeat selling (or lack thereof) in GBP has nothing to do with it shows how clueless you really are. Do you really make money trading? Insane. Sheer ignorance. Whatever you win, I'm stupid, you're smart, goood luck.
  • #7,988
  • Jul 24, 2013 4:04pm Jul 24, 2013 4:04pm
Quoting Ck87
Oh ok, because people buy at lows and just sell at highs all the time. As long as you're being realistic bro. And you're someone who uses the word logic often, how odd.
50% leaves a HUGE margin of "error" if you're talking about getting exact highs and lows.

Maybe you didn't know this, but 50% means half. That means it was quite easy to do even 10%, 20%, 30% better, etc. trading GBP/JPY over USD/JPY.

It wouldn't have been that hard; it wasn't that hard. I did it with ease and I'm sure many others did too.

Logical enough for you?
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  • #7,989
  • Jul 24, 2013 4:14pm Jul 24, 2013 4:14pm
and... measuring from high to low is common practice (surprised you don't know that).

That's why people talk about and measure True Ranges, or the number of pips a pair generally moves in a day.

You may not know this, but the way that is measured is from the daily low to the daily high (or vice versa) which yields the day's range.

GBP/JPY almost always has a higher true range than USD/JPY.
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  • #7,990
  • Jul 24, 2013 4:28pm Jul 24, 2013 4:28pm
Calm down lads, have a beer and make some money.
To live a successful life, we must lose our fear of being wrong
  • #7,991
  • Jul 24, 2013 4:32pm Jul 24, 2013 4:32pm
we are still in upswing

https://www.tradingview.com/x/szw9q0RR/
deep RoT is essential for everlasting happyness
  • #7,992
  • Jul 24, 2013 4:33pm Jul 24, 2013 4:33pm
Quoting EatPIPs
Calm down lads, have a beer and make some money.
What the hell do you think I do all day?
check out my blog: forexmademillionaire dot com
  • #7,993
  • Jul 24, 2013 4:47pm Jul 24, 2013 4:47pm
Quoting Geppy
{quote} What the hell do you think I do all day?
That was just a hidden reminder to top up the fridge
To live a successful life, we must lose our fear of being wrong
  • #7,994
  • Jul 24, 2013 5:23pm Jul 24, 2013 5:23pm
I'm just catching up a little... a lot of posts for a 12-hour period. I'll share my thoughts soon!
Please check out my blog at https://from-zero-to-hero . net
  • #7,995
  • Jul 24, 2013 5:24pm Jul 24, 2013 5:24pm
Quoting smash1820
I'm just catching up a little... a lot of posts for a 12-hour period. I'll share my thoughts soon!
You can skip over most of it... mostly bickering.
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  • #7,996
  • Jul 24, 2013 5:26pm Jul 24, 2013 5:26pm
Quoting Geppy
You can skip over most of it... mostly bickering.
Haha, but no. I refuse! I think there is actually a lot of really great insight here... and I'd like to respond to it if I could. Keep in mind the only reason we argue is because we all want to be right
Please check out my blog at https://from-zero-to-hero . net
  • #7,997
  • Jul 24, 2013 5:34pm Jul 24, 2013 5:34pm
Quoting smash1820
{quote} Haha, but no. I refuse! I think there is actually a lot of really great insight here... and I'd like to respond to it if I could. Keep in mind the only reason we argue is because we all want to be right
Haha, so true..

Well finally got some glorious sleep and it seems my shorts might not pan out after all.. just a tough call haven't been be for a day meow.. hah. For ex is so much more fun on the winning side >< lol
Fall down 7 times, Stand up 8.
  • #7,998
  • Jul 24, 2013 5:53pm Jul 24, 2013 5:53pm
Heck yes, FX is sooooooooooo much more fun on the winning side! I've been in a trading slump for a while now and it's been so bad and hard that I've seriously almost given up.

Quoting Geppy
Again... wrong. Let me break this down for you, Mr. Simpleton. I was talking specifically about the move up from low to high in both USD/JPY and GBP/JPY You said, and stood by your statement today, that USD/JPY was a better play than GBP/JPY. That's absolutely incorrect because if you measure from low to high in both pairs, GBP/JPY performed about 50% better than USD/JPY Let me break that down even more for you since I know you're struggling to comprehend that: If you bought USD/JPY last night and GBP/JPY and sold both today at session highs,...
But, first and foremost, I'd like to respond to this point. I'm about caught up now on the thread and I'm gonna have to side with Geppy on this issue. I got some great laughs reading this thread too but let's keep it mature people. Fortunately, we can still learn something from all of this...

But as far as this single point, I think the verdict is clear. There is a reason, after all, why I SPECIFICALLY trade the GBP/JPY now only. I don't even bother to look at what other pairs are doing, because I figure it's not worth my time (or it's too much work lol). Maybe I miss out on what could be useful information once in a while, but as far as the % performance... GJ is definitely the winner. I have traded other pairs before too and nothing even compares. I even tried trading EU last night for like 30 minutes and I made 2 pips and said screw it, this isn't worth it, I want my Geppy back

Plus, no offense bro, but you'd be stupid to argue with Geppy. He is the master of all masters. Just take a quick look at his history and it's hard to argue with that. Hell, this thread is even NAMED after him!

I'll have some more thoughts coming soon... regarding actual GJ analysis.
Please check out my blog at https://from-zero-to-hero . net
  • #7,999
  • Jul 24, 2013 6:07pm Jul 24, 2013 6:07pm
Fall down 7 times, stand up 8.
Fall down 7 times, Stand up 8.
  • #8,000
  • Jul 24, 2013 6:12pm Jul 24, 2013 6:12pm
Quoting str33t
Fall down 7 times, stand up 8.
Haha, thanks man. I really like that. It is so true. That cheered me up

Except for me, it's been more like fall down 70,000 times, stand up 70,001. LOL

I'm surprised I'm even still breathing.
Please check out my blog at https://from-zero-to-hero . net
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