Geppy's Geppy Thread (GBP/JPY)

Does this chart show you what I think? Haha.

Gonna be a pullback here, but then higher.

Just like being a little bit pregnant

But 153.6 has to break.

Not anymore with UJ, lookin ugly

Ugh!!! Maybe you are right. I was a bit premature.

God damn, that stupid, nasty 1H chart. Tons of headfakes going on here. They probably just wanted me out of the market Sons of bitches!!!

I also traded that move like a tard. Was 6/7 up until that point, and the 1 loss I had was for $1.

I think the big boys are loading up here between 153.20 and 153.40. But hey what do I know.

See how that .20 support held PERFECTLY? It's because the big boys were buying there. You can see it in the price action. And now that we've broken .40, we're off to the moon.

Looks like tomorrow will finally be a positive day for the stock market... I've got to get there right at 8:30 sharp!

If I didn't get shaken out right before this move like an idiot, I'd be up more than 40% in less than 12 hours. Now I am only up 24%. Fell from 22% just now to 14% but then back up to 24%. I guess I shouldn't complain.

Going to short A LITTLE here for a scalp from .63 and see how it goes. I think that was a big move up from the .20 level and it could use a little digestion. I'm sure it won't be long though before I jump right back in.

get ready to buy GJ big time !!!

GBP news is QoQ and YoY not MoM hence strongest news

tick. tock.

153.6 is proving hard to stay above. If it can't get over and stay, it will drop


... just like that

Son of a bitch!!! I wasn't aware of GBP data.

And I closed my short literally a minute before this drop and went long

There goes a lot of my hard work for the day.

God damn, I am so mad now. I need to go smoke a bowl. I'll take a hit for you Geppy

here is a useful link to help you in the future

http://www.forexfactory.com/calendar.php

i am too late i entered long just before the data release

I've mentioned that data at least twice in the last 3 pages I believe. It's pretty much all we've been talking about.

Regardless, I used the drop to get out of my shorts... I'm bearish GBP/USD but I'm not seeing the confirmation I need to see yet to get a real position on. So it's time to wait.

I used the drop to buy me some GBP/JPY though

Nice job Geppy. You are da man!

I guess I'm still not used to trading around these "fundamentals" just yet. And I'm thinking now it's better to not trade them at all. It doesn't seem that logical to me that a technical approach would be able to predict something so "fundamental". Sure, it'll get it right every once in a while, but even a broken clock is right twice a day.

I'm going to back in this thread for the last 5-10 pages or so, read everything again, and do a pretty heavy analysis. I can't believe I didn't catch this!

Hmmm, Geppy, I dunno you may be right here with GU, but it looks like it was a Distribution play that brought it back up there to resistance and now we have a 4H pin bar over there, so I'm thinking we can get a pretty nice sell off on GU now.


Hopefully I don't get sent to the kiddie pool on this one Almost added to my short right before the news because it didn't feel right. Welp. Let's send her to 1.5268!

This is another link you should look at
http://en.wikipedia.org/wiki/Hubris

It is a good place to sell from a technical perspective... maybe.

The thing is, there's been no confirmation yet so it's definitely risky. I think it's only a matter of time before GU heads lower again, I just don't know when that time will be. When it does come, my target will be in the 1.4450 range (no typo there).

So if you look at it from that perspective, I wouldn't mind seeing it drop 100 pips before I enter. That'd be some potentially good confirmation and more ideal to enter and short building a solid short position.

Anyway, back to bed for me. Everyone be aware of the data coming out in ~3.5 hours. I'll probably sleep through it... but I may pull my ass out of bed. We'll see.

Yeah, I think I definitely have some of this. I'm not proud of it, but at the same time, I think you need to have a great sense of conviction in order to be a successful trader, and I believe that good trading is more a matter of all the intangibles that can't be taught rather than pure intelligence or the lack thereof.

There are definitely things that I'm trying to work on, but change does not come easy my friend. I have had a very, very, very hard time lately with a lot of personal shit happening to me, and I wish I could say it hasn't affected my trading but it has. It has affected a lot more than my trading, and I am starting to think about things in new ways. Plus, I am trying to program a very, very advanced EA that could basically trade anything at any time and you've gotta have some serious conviction to even attempt such a thing in my opinion. My approach is unlike a lot of people's here. My charts look just like all of yours, but my system goes well beyond that. I take a lot of different variables into consideration at all times. But really, what is at the core of my trading is the ultimate belief that markets CAN be predicted with a high degree of accuracy... all of the time (except for what I call "the fundamentals" like that GBP data). You can call it impossible if you want, but that won't stop me. I can take a punch, or two, or three.

Look at my signature. It's one of the only things that keeps me going.

PS: Why do you think I came to these forums in the first place? To gain approval? As you can see from some of my responses, that's the last thing on my mind. To sell something? Nope. I don't have anything to sell as of now (although I'd love it if I did). Even if I did have something to sell, I wouldn't be doing it here on this GBP/JPY thread... The reason I came to these forums was to further my understanding of the markets. Plain and simple. Just like I'm sure that's why you're all here too.

Just closed my short at 152.75 from 154. TP actually set at 152.4 but I closed it because I am more than happy to bag the pips now. Done for the week. See you all nex week!