Geppy's Geppy Thread (GBP/JPY) | Page 406 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Geppy - Pick the bottom 18 replies

Lets Talk GBP/JPY "the geppy" 156 replies

geppy is "ugly" when ? 14 replies

Geppy outlook 0 replies

Attachments: Geppy's Geppy Thread (GBP/JPY)
Exit Attachments

Geppy's Geppy Thread (GBP/JPY)

  • #8,101
  • Jul 25, 2013 1:12pm Jul 25, 2013 1:12pm
what is QQE??

Anyway...here is how the UJ has developed now...while, luckly GJ is moving north faster..

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh1.png Size: 85 KB
  • #8,102
  • Jul 25, 2013 1:35pm Jul 25, 2013 1:35pm
Quoting apfrezza
what is QQE?? Anyway...here is how the UJ has developed now...while, luckly GJ is moving north faster.. {image}
lol, you're kidding right?

You have an indicator on your chart and you don't even know what it is or where it came from? It says "QQE" RIGHT now it lol.
check out my blog: forexmademillionaire dot com
  • #8,103
  • Jul 25, 2013 1:44pm Jul 25, 2013 1:44pm
I've got no idea what to do with this chart.
Attached Image (click to enlarge)
Click to Enlarge Name: H1.work plan..PNG Size: 147 KB
deep RoT is essential for everlasting happyness
  • #8,104
  • Jul 25, 2013 1:47pm Jul 25, 2013 1:47pm
this chart rather make sense to me. should we load up with SHORT, right now
Attached Image (click to enlarge)
Click to Enlarge Name: D1.down hill..PNG Size: 78 KB
deep RoT is essential for everlasting happyness
  • #8,105
  • Edited 2:22pm Jul 25, 2013 1:58pm | Edited 2:22pm
Quoting X.work
this chart rather make sense to me. should we load up with SHORT, right now
It's tough to say. You have clearly identified a key level, so it might just be best to sit this out for a little and wait for more clarity. I've been getting whipsawed around by trying to trade it. My guess is it probably breaks to the upside, and then 153 will become support. I can tell you that bulls are in control right now, and while it may not necessarily go up right away, I'd rather be long here than short in fear of potentially missing the next push higher.

PLUS, this looks like some nice slow and steady accumulation, which would make sense because that fits right into the long-term trend.
Please check out my blog at https://from-zero-to-hero . net
  • #8,106
  • Jul 25, 2013 2:14pm Jul 25, 2013 2:14pm
Haha, oh man. I spoke a minute too soon. This is why we all need an algo trading for us, because the market is changing every single minute. Should have trusted my gut and first trade and held on to my short. Dang.

I still think the bullish thesis is mostly in tact, but seems like it's not time to break 153 just yet. Sorry I suck I interpreted that signal wrong. I figured they were going to do something that they didn't and it changes everything. Damn. I guess sometimes I still make things harder than they have to be.
Please check out my blog at https://from-zero-to-hero . net
  • #8,107
  • Jul 25, 2013 2:41pm Jul 25, 2013 2:41pm
Quoting smash1820
{quote}PLUS, this looks like some nice slow and steady accumulation, which would make sense because that fits right into the long-term trend.
how do you define long term trend. I thought Daily chart is long enough, I use 5minute chart to trade.
deep RoT is essential for everlasting happyness
  • #8,108
  • Jul 25, 2013 2:46pm Jul 25, 2013 2:46pm
Quoting smash1820
Haha, oh man. I spoke a minute too soon. This is why we all need an algo trading for us, because the market is changing every single minute. Should have trusted my gut and first trade and held on to my short. Dang. I still think the bullish thesis is mostly in tact, but seems like it's not time to break 153 just yet. Sorry I suck I interpreted that signal wrong. I figured they were going to do something that they didn't and it changes everything. Damn. I guess sometimes I still make things harder than they have to be.
checking H4 its bouncing up. so this moves is only a shallow dip. I think your correct about its going up.
deep RoT is essential for everlasting happyness
  • #8,109
  • Jul 25, 2013 3:49pm Jul 25, 2013 3:49pm
Quoting smash1820
Haha, oh man. I spoke a minute too soon. This is why we all need an algo trading for us, because the market is changing every single minute. Should have trusted my gut and first trade and held on to my short. Dang. I still think the bullish thesis is mostly in tact, but seems like it's not time to break 153 just yet. Sorry I suck I interpreted that signal wrong. I figured they were going to do something that they didn't and it changes everything. Damn. I guess sometimes I still make things harder than they have to be.

I am now trading the exact opposite of whatever you say and it makes me money
  • #8,110
  • Jul 25, 2013 4:45pm Jul 25, 2013 4:45pm
Tightened my to to 152.3 .. I think we might retest that.. from there re assessment for what could happen the next two days is needed IMO.. but we'll see if we hit it..
Fall down 7 times, Stand up 8.
  • #8,111
  • Jul 25, 2013 4:47pm Jul 25, 2013 4:47pm
Looks like 152 will hold this week on GBPJPY , still looking to 154
I Wish You All The Best
  • #8,112
  • Jul 25, 2013 4:56pm Jul 25, 2013 4:56pm
Quoting X.work
I've got no idea what to do with this chart. {image}
.
good chart...that's supply and demand....then one monitors the % absorption of the PA attacking that level.. The levels are well defended untill they are 100% absorbed..
  • #8,113
  • Jul 25, 2013 5:12pm Jul 25, 2013 5:12pm
Hey Geppy...your thread is awesome these days....about the market, men....it's all really a program, and it will take out the short term ...high leverage traders...
...
So, find a way to combat that.....we have a new market...it has changed permanently.....plus the european 2 month vacation. That's why I posted short term only trading....But notice what Geppy said....managable size trades and wait it out. that will work...I have a real job ahead of me interpreting candles on a 15 minute chart...it works....now I'm tracking down the filters to make it better....
..
This thread is the best...
  • #8,114
  • Jul 25, 2013 5:17pm Jul 25, 2013 5:17pm
I just noticed the 4H G/J has a spinning top....a shooting star and the next candle could be a bullish hammer.....look out. Especially if the 1H matches.
  • #8,115
  • Jul 25, 2013 5:53pm Jul 25, 2013 5:53pm
Quoting Gbp/jpy
Hey Geppy...your thread is awesome these days....about the market, men....it's all really a program, and it will take out the short term ...high leverage traders... ... So, find a way to combat that.....we have a new market...it has changed permanently.....plus the european 2 month vacation. That's why I posted short term only trading....But notice what Geppy said....managable size trades and wait it out. that will work...I have a real job ahead of me interpreting candles on a 15 minute chart...it works....now I'm tracking down the filters to make...

I foudn this really cool documentary about these "black boxes" a while back
Inserted Video
if you wanna learn a little more about the impact of these..

Although reading that article what I took from it was that we as humans may finally be catching up to machine. I think it has more to do with access to internet/trading programs/technical analysis becoming available to everyone who trades. Fib levels/harmonic patterns/candle analysis wasn't so easy in the mid to late 90s..

^ by the way, this is all these automated traders base their risk/trades off of. you can't input news into a machine. So thats a whole other thing though.

Also manageable size trades is key.. Over leveraging isn't a problem imo.. thats why mini lots (.01) exist... haha. I mean honestly I'm leveraged as a first time trader at 1/50 and a .01 lot couldn't bust my account.. we'd have to hit some craaaazy record hi-lows fast to do that. So it's trade size imo. Gotta risk to be rewarded though...

you don't make 105 million dollars in 10 years trading like a grandma.. This woman is no grandma.. Well she might be. But she risks 60 percent of her capital consistently.. doesn't always work out that way I understand.. But it never works out for the guy risking 1-3 percent of his capital at a time either is my point..

Inserted Video
<--- 2002 Karen takes an options trading course. Karen then starts trading with $100k of capital. Now Karen is managing around $190,000,000 which $110,000,000 being profits. She explains her high probability trading strategy in just 3 large indexes.
Fall down 7 times, Stand up 8.
  • #8,116
  • Jul 25, 2013 5:56pm Jul 25, 2013 5:56pm
That's the floor trader method......now you know about 6 pip stops....
  • #8,117
  • Jul 25, 2013 6:13pm Jul 25, 2013 6:13pm
Today I've lost almost all that I earned last 5 days...forex is devil!
  • #8,118
  • Jul 25, 2013 6:19pm Jul 25, 2013 6:19pm
That is why proper risk management is important.

You will always lose trades but as long as your R/R is 1:2 or higher you will hopefully come out on top.

If you lose 8 trades but you win 5 trades you will still come out on top.

So imagine if you win 8 trades and lose 5 trades? You will crush the odds.
  • #8,119
  • Jul 25, 2013 6:47pm Jul 25, 2013 6:47pm
Quoting str33t
{quote} I foudn this really cool documentary about these "black boxes" a while back http://www.youtube.com/watch?v=aq1Ln1UCoEU if you wanna learn a little more about the impact of these.. Although reading that article what I took from it was that we as humans may finally be catching up to machine. I think it has more to do with access to internet/trading programs/technical analysis becoming available to everyone who trades. Fib levels/harmonic patterns/candle analysis wasn't so easy in the mid to late 90s.. ^ by the way, this is all...
I traded all the majors and a few crosses on black box systems for a hedge fund in Chicago back in the day
check out my blog: forexmademillionaire dot com
  • #8,120
  • Jul 25, 2013 6:53pm Jul 25, 2013 6:53pm
Still bullish on UJ Geppy? Might range 99.33-98.84 now, fell under that trend line, but markets aren't trending right now so doubt it really matters.

Messed up on my GU trade by not taking profit at 1.5268 support level I had drawn out so didn't make so much on that trade when I got out like 50 pts higher.


Thinking UJ will go higher from here back to 99.87-100 maybe tonight.... Would be a buyer under 99 and already attempting to go for a rally with tight/break even stops.

Does seem like it wants to head to 99 or sub 99 at least once more, hope it does.
33 traders viewing now