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Geppy's Geppy Thread (GBP/JPY)

  • #8,221
  • Edited 9:24pm Jul 28, 2013 9:07pm | Edited 9:24pm
yep, not only has the Nikkea tanked....every sector is tanking in Japan....this noon there....bonds and futures down...
...
buy that 150.40 .....buy the usd/ jpy......europe should reverse this because of the usd suport being so close by....just a little more then a reverse.....asia is done making it's contribution to the start of a jumpin week
  • #8,222
  • Jul 28, 2013 10:16pm Jul 28, 2013 10:16pm
Japans leader is going to give a speech in 15 minutes...
  • #8,223
  • Jul 29, 2013 12:31am Jul 29, 2013 12:31am
Quoting Gbp/jpy
Japans leader is going to give a speech in 15 minutes...
Didn't look like anything new. Just a reiteration of what was already said
When the facts change I change my mind, what do you do sir
  • #8,224
  • Jul 29, 2013 3:08am Jul 29, 2013 3:08am
Quoting Pumpndump
{quote} I don't much like tough rude talking online. It's pointless I can't smash your face in afterwards.
First of all you accused him of "getting battering" and then when he reacts a little "hotly", you begin to think of "smashing face". What did you expect - to be appreciated for not reading posts carefully enough but to go dishing out your opinion of other's trading. If you are good enough, show your trades.

Forums are about comradeship and not to point out what is not there! Then he is being the ultimate gent by not barring most of posts - have you noted the title of the Thread - it is Geppy Thread (GBP/JPY).

Most posts are like Economics lecture -class. This is not judgement ground for an Economic's Chair at Harvard. Here the emphasis should be on making money not propounding economic theories. And here following G might make you more money than countering him !
  • #8,225
  • Jul 29, 2013 11:37am Jul 29, 2013 11:37am
i think we are looking for a potential long now. we wait more pips to decide on whether to change the trade.
Come tomorrow, I'll wake up new
  • #8,226
  • Jul 29, 2013 4:13pm Jul 29, 2013 4:13pm
Quoting smash1820
{quote} 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,...
I hope you don't trade for a living
  • #8,227
  • Jul 29, 2013 5:17pm Jul 29, 2013 5:17pm
I suppose the buy signal will go out tonite....the daily, 8H and dealer chart all say up. With a low possible ( there's wiggle room for more loss ) below that last 4H wick....a little below wouldn't change it. I that level gets run down, the sell is on.
  • #8,228
  • Edited 6:07pm Jul 29, 2013 5:41pm | Edited 6:07pm
At this time, GJ sits EXACTLY on the bottom side of what could be interpreted as its long term rising channel - a TL that started its life back at 125.6. My best "guess" is that 150 is that level.

A VERY STRONG bounce from here COULD take it up to 154 resistance or higher.

A drop now below this TL takes it to about 148.8 or so support, followed by a possible 38/50/61.8 retracement before the downtrend continues. Final support for this TL might be down around 149.8/9

UJ continues to sit at its equivalent support

GU sits precariously at what appears to be rising TL support.
  • #8,229
  • Jul 29, 2013 6:03pm Jul 29, 2013 6:03pm
Quoting Mpt
At this time, GJ sits EXACTLY on the bottom side of what could be interpreted as its long term rising channel - a TL that started its life back at 125.6. My best "guess" is that 150 is that level. A VERY STRONG bounce from here COULD take it up to 154 resistance or higher. A drop now below this TL takes it to about 148.8 or so support, followed by a possible 38/50/61.8 retracement before the downtrend continues. UJ continues to sit at its equivalent support GU sits precariously at what appears to be rising TL support.
...
I didn't know where it was....thanks for that......I didn't have time before I had to run out the door.....Late.....What I saw on all those charts was the 34,3,3 showing both the 8hr and daily oscilators sitting on the 50% or oversold.... line with the 4H dealer on the third push to take. Thank you. I'll go have a looky at this. cool
  • #8,230
  • Jul 29, 2013 6:10pm Jul 29, 2013 6:10pm
Dont expect the 149.99 to hold....that is not a stop run, any decent, self respecting stop run at the "00" level will go past that level by at least 22 pips.....the ".50" level.....by 15 pips. so, one could just almost bet real cash money the PA was going to go get that 149.77/83...I swear to ya's
  • #8,231
  • Jul 29, 2013 6:21pm Jul 29, 2013 6:21pm
Quoting Gbp/jpy
Dont expect the 149.99 to hold....that is not a stop run, any decent, self respecting stop run at the "00" level will go past that level by at least 22 pips.....the ".50" level.....by 15 pips. so, one could just almost bet real cash money the PA was going to go get that 149.77/83...I swear to ya's
Yep, support sometimes hides a few pips below what appears to be the final break out point - then price comes back and bites you on the bottom.

That's why you really can't chase these things ... just wait for them to confirm.
  • #8,232
  • Jul 29, 2013 6:24pm Jul 29, 2013 6:24pm
If just entering there's more to lose going short then long if you got SL set right. Joy news might push this baby around a bit but this is looking all technical right here. A push up is likely IMO but it will become a bull trap as the yen really seems to want to strengthen right now.
Fall down 7 times, Stand up 8.
  • #8,233
  • Jul 29, 2013 6:33pm Jul 29, 2013 6:33pm
Quoting str33t
If just entering there's more to lose going short then long if you got SL set right. Joy news might push this baby around a bit but this is looking all technical right here. A push up is likely IMO but it will become a bull trap as the yen really seems to want to strengthen right now.
...
10-4 it's like grabbing a tiger by the tail....these days..but (ihaveatokyoopentradeilove)
  • #8,234
  • Jul 30, 2013 6:26am Jul 30, 2013 6:26am
Quoting Chubbly
I hope you don't trade for a living
I don't know what you have against me, dude. You need to stop picking on me... I hope you stop posting here on these forums if all you're gonna do is attack people.



No offense but you are the ultimate n00b.
Please check out my blog at https://from-zero-to-hero . net
  • #8,235
  • Jul 30, 2013 6:30am Jul 30, 2013 6:30am
Woooooo baby!!!!! I just got up out of bed and woke up to the most beautiful thing... an effortless 70-pip profit on my short!


Rode the move up to 151, and now back down to 150.00... My trading account is starting to make a comeback now! Perhaps all that homework I did is making a difference after all


Can you believe it, Chubbly??? An actual winning trade?

Gotta still go back though and catch up. There will be some people/comments who I'll be ignoring. Some people just never learn...
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Please check out my blog at https://from-zero-to-hero . net
  • #8,236
  • Jul 30, 2013 1:12pm Jul 30, 2013 1:12pm
Still have a sell on the short term....usually I get a bump at least...but interpreting the 15 M and 1H candles.....still down ...here at the 149.35 mark...
  • #8,237
  • Jul 30, 2013 4:16pm Jul 30, 2013 4:16pm
Quoting Gbp/jpy
Still have a sell on the short term....usually I get a bump at least...but interpreting the 15 M and 1H candles.....still down ...here at the 149.35 mark...
You may be right, but I am being VERY cautious here. The 30 minute chart could turn soon and that would make things bullish around 149.35 imo.

But it's hard to interpret this damn lack of volume... I agree with you there... especially when we are consolidating and your broker is just making things harder with a 10 point spread!

But GBP/JPY, I'm really liking what I see from you so far and I'd love to talk to you in more depth about it sometime... if you don't mind, of course!
Please check out my blog at https://from-zero-to-hero . net
  • #8,238
  • Jul 30, 2013 4:26pm Jul 30, 2013 4:26pm
GJ is heading to 151.35 ~ 151.55 area
  • #8,239
  • Jul 30, 2013 4:41pm Jul 30, 2013 4:41pm
Quoting msniper
GJ is heading to 151.35 ~ 151.55 area
Just out of curiousity, would you mind sharing your reason for saying this? I'm sure we could all use a little perspective from a seasoned trader.



Any and all thoughts are welcomed!
Please check out my blog at https://from-zero-to-hero . net
  • #8,240
  • Jul 30, 2013 4:50pm Jul 30, 2013 4:50pm
I had 149,95 pending sell from yesterday daily close, and targeting 200 ema on daily. ichi stil blue and we didnt have even cross over of base and coversion line yet. very weak signal for me.
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