Geppy's Geppy Thread (GBP/JPY) | Page 410 | 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)

  • #8,181
  • Jul 26, 2013 9:56am Jul 26, 2013 9:56am
Quoting Ck87
{quote} hahaha, hope you're making lots of pips on this. UJ will go to 95 minimum, don't care what anyone says. Might not be in a straight line, but it's coming to a broker near you in August.
Lol I didn't ride it this far down. TP at 98.3, and bagged 35 pips on AUDJPY. I had to get some sleep! Like I was saying before the yen likes to exaggerate it's self in one direction or another, so I pick up on when strong moves these this happen. Typically if it's up .5+ percent before London it will continue on it's way. It's when yen is consolidating that is tricky.

I was able to bag 25 on eurodollar short, and 20 on Aussie dollar short. Had a great day, now off to relax!

Quoting Mpt
{quote} I know this is not a UJ thread, but the "problem" I have with the 95 argument is illustrated in this near perfect geometry - which may well get larger yet follow the same appearance. What you see is either a reversal (probably not) or continuation - a perfect example too - almost as if was "designed" on purpose . ahem. {image}




But the problem with that is lines are broken on a daily basis. I apply math to my trading as well, but you can be contained within theory. When some institution liquidates their position, they are not worried about geometry.
When the facts change I change my mind, what do you do sir
  • #8,182
  • Jul 26, 2013 9:58am Jul 26, 2013 9:58am
Quoting Ck87
The problem with that is this isn't geometry class, it's the forex market. You may be right, but take a look at the nikkei and tell me you think that has no downside. It's going to get sold off hard and so will UJ. Now we're seeing a -1% down move in UJ and dollar pairs aren't even up, this is going to be a brutal sell off.

I must have been mistaken .. I was looking for the geometry room. I'm not disagreeing with you, but that formation means only two things. Maybe it will only attempt a continuation, get so far, then fail. I know you mention 95, but I must be one of only people left who still want to /expect to see a new low on UJ.

Anyway, I'm outa here. It's 1 am Saturday.
  • #8,183
  • Jul 26, 2013 10:07am Jul 26, 2013 10:07am
Quoting Mpt
{quote} I must have been mistaken .. I was looking for the geometry room. I'm not disagreeing with you, but that formation means only two things. Maybe it will only attempt a continuation, get so far, then fail. I know you mention 95, but I must be one of only people left who still want to /expect to see a new low on UJ. Anyway, I'm outa here. It's 1 am Saturday.

Haha was just joking with you, definitely want to see a new low. Cheaper prices on all yen pairs will be a blessing. As I've said before, the weaker hands must be shaken out, and we will shake them out and drink their blood. It's going to be relentless


I'm not sure there's anymore downside today on UJ, if there is it'll be 97.57ish, If we get to 98.50 I like selling there. We'll see.
  • #8,184
  • Jul 26, 2013 10:08am Jul 26, 2013 10:08am
Quoting Pumpndump
{quote} Quite, after taking a good battering on your longs good man.
I was out last night, schmuck.

My account never takes "batterings"... I'm not a noob. I use proper risk/reward and have a win rate of 72%.

Don't open your mouth when you have no clue what you're talking about.
check out my blog: forexmademillionaire dot com
  • #8,185
  • Jul 26, 2013 10:10am Jul 26, 2013 10:10am
Kurora speech next week (Monday) is a good reason why jpy pairs not declining faster as they usually do. Just my opinion
  • #8,186
  • Jul 26, 2013 10:16am Jul 26, 2013 10:16am
Quoting Geppy
{quote} I was out last night, schmuck. My account never takes "batterings"... I'm not a noob. I use proper risk/reward and have a win rate of 72%. Don't open your mouth when you have no clue what you're talking about.
To live a successful life, we must lose our fear of being wrong
  • #8,187
  • Jul 26, 2013 10:18am Jul 26, 2013 10:18am
Quoting Fx-gtg
Kurora speech next week (Monday) is a good reason why jpy pairs not declining faster as they usually do. Just my opinion
Shoot what about dollar pairs. Dollar index down .31 percent and euro down, Pound down, Aussie down.. only currencies up against the dollar are CHF and SEK. It's a bit odd.
When the facts change I change my mind, what do you do sir
  • #8,188
  • Jul 26, 2013 10:19am Jul 26, 2013 10:19am
Quoting Geppy
{quote} I was out last night, schmuck. My account never takes "batterings"... I'm not a noob. I use proper risk/reward and have a win rate of 72%. Don't open your mouth when you have no clue what you're talking about.
I do remember you saying your SLs were hit. Perhaps some people should read postings before comment.
When the facts change I change my mind, what do you do sir
  • #8,189
  • Jul 26, 2013 10:20am Jul 26, 2013 10:20am
Quoting EatPIPs
{quote}
Yeah, seems like every time I try to come back here and contribute some idiot(s) get into the mix and remind me why I generally stay away.
check out my blog: forexmademillionaire dot com
  • #8,190
  • Jul 26, 2013 10:22am Jul 26, 2013 10:22am
Quoting Pip Anon
{quote} I do remember you saying your SLs were hit. Perhaps some people should read postings before comment.
Yup: http://www.forexfactory.com/showthre...91#post6848091
check out my blog: forexmademillionaire dot com
  • #8,191
  • Jul 26, 2013 10:26am Jul 26, 2013 10:26am
Quoting Geppy
{quote} Yeah, seems like every time I try to come back here and contribute some idiot(s) get into the mix and remind me why I generally stay away.
Shite, I have had "breaks" from FF, and each time I come back there are more idiots. With a $4 trillion dollar market everyone thinks they are traders.
When the facts change I change my mind, what do you do sir
  • #8,192
  • Jul 26, 2013 10:26am Jul 26, 2013 10:26am
We're at a 61.8 retracement of the current 3-month range.. if it pushes below it will keep moving fast imo.. if it doesn't pass it.. It's gonna take a minute for bulls to take control again.. anyone trying to go long I commend you for your gigantic balls.. Haha
Fall down 7 times, Stand up 8.
  • #8,193
  • Jul 26, 2013 10:30am Jul 26, 2013 10:30am
Quoting str33t
We're at a 61.8 retracement of the current 3-month range.. if it pushes below it will keep moving fast imo.. if it doesn't pass it.. It's gonna take a minute for bulls to take control again.. anyone trying to go long I commend you for your gigantic balls.. Haha
Lol. Geppy's pip range is so large that you can scalp with good timing. II have a screen dedicated to yen futures, geppy and Sterling-dollar. When you learn (just a general statement) how to cross-analyze it is not as daunting as it seems.
When the facts change I change my mind, what do you do sir
  • #8,194
  • Jul 26, 2013 10:34am Jul 26, 2013 10:34am
Quoting Pip Anon
{quote} Lol. Geppy's pip range is so large that you can scalp with good timing. II have a screen dedicated to yen futures, geppy and Sterling-dollar. When you learn (just a general statement) how to cross-analyze it is not as daunting as it seems.

Oh i know, I'm just payin attention to the stall at the 50 percent retracement wondering if that we'll have a repeat. as far as risk vs reward.. I'm just sayin it's a great entry if it goes up, but who knows. maybe that volitility will push 'er up instead of down >.< thats why I'm just excited right now watching it sit right on that fib level.. Maybe it will steer the next week right here?
Fall down 7 times, Stand up 8.
  • #8,195
  • Jul 26, 2013 10:41am Jul 26, 2013 10:41am
Looks like the Bearish move still had a little steam left in it. GBPJPY is prepping itself for a potential buy off the trendline to net a few quick/easy pips. Still has a little ways to go though. Looking for right around the 150 area, slightly above. Could be a great way to end the trade week, or start the new one, still several hours left this week, hard to say if it'll fizzle or keep going.

If it does manage to break 150 next week, could be a massive sell off in the next ~1-2 months. Just something I've been keeping an eye on.

I trade both with the trend and against it, using basically support/resistance, and my eyes. Bears have the market at the moment, and are putting the bullish trend in jeopardy. Will be hard to stay Bullish unless a successful break of 154 can hold. The recent bearish drop has put us quite a distance away from that, unlikely that we're immediately going to be heading straight back there.

My two pips. Trade Safe.
  • #8,196
  • Jul 26, 2013 10:43am Jul 26, 2013 10:43am
Quoting Geppy
{quote} I was out last night, schmuck. My account never takes "batterings"... I'm not a noob. I use proper risk/reward and have a win rate of 72%. Don't open your mouth when you have no clue what you're talking about.

72% damn, teach me

Look forward to earning pips with you, sir
  • #8,197
  • Jul 26, 2013 10:56am Jul 26, 2013 10:56am
Quoting str33t
{quote} Oh i know, I'm just payin attention to the stall at the 50 percent retracement wondering if that we'll have a repeat. as far as risk vs reward.. I'm just sayin it's a great entry if it goes up, but who knows. maybe that volitility will push 'er up instead of down >.< thats why I'm just excited right now watching it sit right on that fib level.. Maybe it will steer the next week right here?
We will see. CPI data was nice, and shows Abeconomics is working, but I am curious at what cost. Up almost 2% today, I would expect it to float down without making new lows.
When the facts change I change my mind, what do you do sir
  • #8,198
  • Jul 26, 2013 3:27pm Jul 26, 2013 3:27pm
Just catching up a bit... I didn't trade today AT ALL, stocks or forex, but I'm not surprised to see this after 153 did not hold yesterday.

Quoting EatPIPs
To be honest dude, I know this pair usually sniffs some coke on Friday's but I didn't expect it to take out the weekly 38.2 today. Hell no! The 4HR is so oversold I can't help myself but load up some longs here back to the 50. Let's see if I can make some of today's losses back man!
The 4H is oversold, yes, but I think there is still more room to fall, so I think GBP/JPY said it best when he was referring to the "cycle low". I still have no idea how he came up with that stuff, but it seems to match up with my analysis. We may bounce a bit on Monday, but I'm afraid that might be it. Keep an eye on the Daily chart, guys. I am so mad that I traded this week like crap, as usual. It's even worse because I called a lot of this out in my post last Sunday, and although it didn't happen exactly as I'd thought, it's been pretty darn close. Gotta stick to the system like so many people here are talking about.
Please check out my blog at https://from-zero-to-hero . net
  • #8,199
  • Edited 4:25pm Jul 26, 2013 3:42pm | Edited 4:25pm
Quoting Geppy
Yeah, seems like every time I try to come back here and contribute some idiot(s) get into the mix and remind me why I generally stay away.
I think you guys need to be more supportive of my friend Ck. We are both intraday traders, and I am often shorter than that, and that is a very tough thing to do. I bet none of you can scalp GJ with a reasonable sense of accuracy, day in and day out. I know I have had a LONG learning curve over the years and it is still going on in fact. I almost responded to that post and was going to say be careful dude, but we all have to make our own decisions in the end. Give us daytraders a little more respect because I can assure you it is a very, very tough thing to be good at.

And don't give me that B.S. that "it can't be done". Oh, and also, if it weren't for us "idiots", you guys wouldn't be making any money... so I personally would stfu if I were you. I know who the smart people are in this room.
Please check out my blog at https://from-zero-to-hero . net
  • #8,200
  • Jul 26, 2013 5:13pm Jul 26, 2013 5:13pm
.. that's a long term cycle low...we also have a 48 week and a 96 week cycle....you can see them on a 8H chart...
28 traders viewing now