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Geppy's Geppy Thread (GBP/JPY)

  • #8,001
  • Jul 24, 2013 6:15pm Jul 24, 2013 6:15pm
Quoting smash1820
{quote} 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
Haha, I hear ya, but thats what it's all about. Failure is just an overly used synonym for giving up.
Fall down 7 times, Stand up 8.
  • #8,002
  • Jul 24, 2013 6:34pm Jul 24, 2013 6:34pm
I'll do all three pairs on the 7 pm trade....it'll just take a minute....
  • #8,003
  • Jul 24, 2013 6:34pm Jul 24, 2013 6:34pm
Quoting smash1820
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.
That's only because I have a giant ego.

Didn't you know, GBP/JPY is actually named after me lol
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  • #8,004
  • Jul 24, 2013 6:45pm Jul 24, 2013 6:45pm
sell aud stop xx.53
  • #8,005
  • Jul 24, 2013 6:46pm Jul 24, 2013 6:46pm
sell G/J stop xx.79
  • #8,006
  • Jul 24, 2013 6:47pm Jul 24, 2013 6:47pm
sell usd/jpy stop x.44
  • #8,007
  • Jul 24, 2013 6:56pm Jul 24, 2013 6:56pm
Quoting Gbp/jpy
sell usd/jpy stop x.44
That was quick, huh?
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  • #8,008
  • Jul 24, 2013 7:03pm Jul 24, 2013 7:03pm
Going for a retest of 100 level on UJ.
  • #8,009
  • Jul 24, 2013 7:09pm Jul 24, 2013 7:09pm
Quoting Ck87
Going for a retest of 100 level on UJ.
Hope so... I've got my first buy order in just above there
check out my blog: forexmademillionaire dot com
  • #8,010
  • Jul 24, 2013 7:56pm Jul 24, 2013 7:56pm
I'm still feelin a bit bearish. Just a complete crap entry brought on by sundays volatility. i'm gonna go ahead and risk it though. SL moved to just above the weekly mother bar, and TP at 151.. although 152 is current target for some profits. As for as this weeks daily lows, we've broken through that resistance.. and you all probably remember what happened there >.< ..

Obviously history is not indicative of future performance. But it is surely indicative of Bullish SL and Bearish PO's.. hah.. Any way. Short term trade turned into a long term.. Now the worst part of trading..

Sit and wait... *twiddles thumbs*.
Fall down 7 times, Stand up 8.
  • #8,011
  • Jul 24, 2013 8:12pm Jul 24, 2013 8:12pm
Wonder if we'll start seeing UJ go down with EU, GU, AU, etc. Pretty sure this was happening more recently? Would love to see everything sell off hard and give really good entries on the yen pairs.

One can dream. For now there seems to be a ton of buying interest in UJ.
  • #8,012
  • Jul 24, 2013 8:19pm Jul 24, 2013 8:19pm
Quoting Ck87
Wonder if we'll start seeing UJ go down with EU, GU, AU, etc. Pretty sure this was happening more recently? Would love to see everything sell off hard and give really good entries on the yen pairs. One can dream. For now there seems to be a ton of buying interest in UJ.
That's called a "risk off" situation... all you need is the stock market to crash (in layman's terms).
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  • #8,013
  • Jul 24, 2013 8:29pm Jul 24, 2013 8:29pm
Ahhhh, well I'm expecting about a 100 point drop in the S&P sometime soon to 1600 level or so, so that would be awesome Cheers to lower entries on yen pairs !
  • #8,014
  • Edited 10:45pm Jul 24, 2013 9:19pm | Edited 10:45pm
Wooo hoooo!!! Just closed my short and even though it was with ultra-small size, I'll still take it. Just got back from the club now... ran 5.0 miles to the inch, so I feel a little better now

Going to eat a little bit and then I'll catch up and still share my thoughts. There's some really smart people here on this thread. You guys da best!!

PS: I just gained ~16% of my (tiny) account in about... 4 hours? GJ didn't even do that much... but it shows what good money management can do.
Please check out my blog at https://from-zero-to-hero . net
  • #8,015
  • Jul 24, 2013 10:01pm Jul 24, 2013 10:01pm
Breakout gonna happen... which way is it going to be ?
Attached Image (click to enlarge)
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  • #8,016
  • Edited 10:42pm Jul 24, 2013 10:25pm | Edited 10:42pm
Quoting Ck87
Ahhhh, well I'm expecting about a 100 point drop in the S&P sometime soon to 1600 level or so, so that would be awesome
This could actually very well happen. I think 1600 is a perfect target. I trade the S&P a lot and today's action was pretty bearish (it kinda goes hand-in-hand with GJ... I actually use GJ as a leading indicator), I'm thinking it could be the start of a correction. We gave up 4 days worth of gains today. Plus there is huge put volume over call volume... Could even be the catalyst for an actual selloff and not just a correction if I am right that people are starting to think a little longer-term here. But if I am wrong about that, it would of course mean that new highs are still not that far away. But the 1700 level is currently being a b***h.

PS: Did you all hear Obama's "never ending speech" today? All I'm going to say is... LOL
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  • #8,017
  • Edited 11:26pm Jul 24, 2013 11:12pm | Edited 11:26pm
It LOOKS bearish as all shit and ready for collapse.

BUT... it just broke above a big resistance area, now slightly below (now about 40 or so pips down) - and it's stuck at another significant resistance at 153.4/153.6 (symbolized by the weekly Gann)
  • #8,018
  • Jul 24, 2013 11:21pm Jul 24, 2013 11:21pm
Holy mother of god!!! I think I just NAILED this short. This could be my best trade ever in terms of just following what I see on the charts. And I almost added to my short at 153.52 too!

Do you want to change your mind now Mpt?
Attached Image
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  • #8,019
  • Jul 24, 2013 11:21pm Jul 24, 2013 11:21pm
Quoting smash1820
{quote} This could actually very well happen. I think 1600 is a perfect target. I trade the S&P a lot and today's action was pretty bearish (it kinda goes hand-in-hand with GJ... I actually use GJ as a leading indicator), I'm thinking it could be the start of a correction. We gave up 4 days worth of gains today. Plus there is huge put volume over call volume... Could even be the catalyst for an actual selloff and not just a correction if I am right that people are starting to think a little longer-term here. But if I am wrong about that, it would...
I found it hard to listen to the Emperor early into his first term. He is so facile and empty. Anyways, I do agree this market is getting top heavy. I have mentioned way back when that Geppy is a good proxy for the S&P although sometimes they to decouple.

Personally, I think the short yen may get tired out for a while. It's down 10+% this year alone. The BoJ can only do so much, IMO. They can keep buying but the JGB risk of going haywire.

I think central banks are bitting off a bit more than they can chew.
When the facts change I change my mind, what do you do sir
  • #8,020
  • Jul 24, 2013 11:29pm Jul 24, 2013 11:29pm
Quoting Pip Anon
{quote} I found it hard to listen to the Emperor early into his first term. He is so facile and empty. Anyways, I do agree this market is getting top heavy. I have mentioned way back when that Geppy is a good proxy for the S&P although sometimes they to decouple. Personally, I think the short yen may get tired out for a while. It's down 10+% this year alone. The BoJ can only do so much, IMO. They can keep buying but the JGB risk of going haywire. I think central banks are bitting off a bit more than they can chew.
I would get too fixated as to what's going on with the Yen right now. Quite honestly, I think we may be shifting to a USD driven environment. Even with that aside, don't underestimate what the BoJ might do and the devaluation on the Yen that it could have.

Anyway, I've bought some USD/JPY and EUR/JPY... small sizes to start. Staying out of GBP/JPY for now though at least until after the GDP tonight. That being said, I am short GBP/USD and in profit, so I'm going to let that ride through the news at least.
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