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Geppy's Geppy Thread (GBP/JPY)

  • #8,241
  • Jul 30, 2013 6:39pm Jul 30, 2013 6:39pm
Quoting plesac
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. {image}
yes, that's same as my friends....also the daily tenken line or so. 10-4 smash.! I'll start checking
  • #8,242
  • Jul 30, 2013 7:09pm Jul 30, 2013 7:09pm
I suppose we have a sell goin...unless 8:30 pm New York time reverses it....
  • #8,243
  • Jul 30, 2013 11:12pm Jul 30, 2013 11:12pm
are we at a critical level now??
support line (previous resistance)
4H chart
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  • #8,244
  • Jul 31, 2013 12:58am Jul 31, 2013 12:58am
Rather than retrace (which it looked like a few hours ago) 149 area support seems like it's going to fail, although I would expect a small bounce at about 148.5/6 - maybe up to 149.8 (daily pivot)
  • #8,245
  • Jul 31, 2013 1:03am Jul 31, 2013 1:03am
154 level is looking very far now...
again like geppy stated earlier, the pair moves fast..wonder if it can get back up
  • #8,246
  • Jul 31, 2013 8:39am Jul 31, 2013 8:39am
Hey dudes,

Starting to build some longs now with tight SL to get going.

Had a 3rd touch off the Daily LTL, quite a strong 4HR support line and 23.6 Monthly FIB all within range.

Maybe I am going in too early but looking for 148.38 to hold
To live a successful life, we must lose our fear of being wrong
  • #8,247
  • Jul 31, 2013 10:06am Jul 31, 2013 10:06am
Quoting EatPIPs
Hey dudes, Starting to build some longs now with tight SL to get going. Had a 3rd touch off the Daily LTL, quite a strong 4HR support line and 23.6 Monthly FIB all within range. Maybe I am going in too early but looking for 148.38 to hold
hmm... 149.20ish seems like a good sell zone to me.

check out my blog: forexmademillionaire dot com
  • #8,248
  • Jul 31, 2013 10:21am Jul 31, 2013 10:21am
Quoting Geppy
{quote} hmm... 149.20ish seems like a good sell zone to me.
Yeah could be dude

But the last 3 1HR candles have closed the wick on the 4th previous candle therefore for me that is a complete candle so believe the bulls have more power at the moment.

Many resistances in the way, 149.23, 149.45, 149.86, 150.03 ...... lets see what happens. And that is if 148.38 hold also
To live a successful life, we must lose our fear of being wrong
  • #8,249
  • Jul 31, 2013 10:52am Jul 31, 2013 10:52am
EatPips , Geppy Miss both of you , I shorted from 149.20 Hope we could break 148.40
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  • #8,250
  • Jul 31, 2013 10:52am Jul 31, 2013 10:52am
Quoting EatPIPs
{quote} Yeah could be dude But the last 3 1HR candles have closed the wick on the 4th previous candle therefore for me that is a complete candle so believe the bulls have more power at the moment. Many resistances in the way, 149.23, 149.45, 149.86, 150.03 ...... lets see what happens. And that is if 148.38 hold also
I'm long also my TP is 151.211 but could change want to see it test 149.284 if that holds will bail as it stands 4 hour looks pretty solid at the moment for more up. What is ur TP?
  • #8,251
  • Jul 31, 2013 10:58am Jul 31, 2013 10:58am
Quoting netera
EatPips , Geppy Miss both of you , I shorted from 149.20 Hope we could break 148.40 {image}

Closed that short by wrong !! hate 1 click trading , i won't open it again now
  • #8,252
  • Jul 31, 2013 11:10am Jul 31, 2013 11:10am
Quoting iNSIELD
{quote} I'm long also my TP is 151.211 but could change want to see it test 149.284 if that holds will bail as it stands 4 hour looks pretty solid at the moment for more up. What is ur TP?
Yeah looking for 4HR to close above 149.5 would be sweet.

My first TP is at 150. But again, if I see the momentum building up, I will probably edit the first TP and just add more.

Really would like to see a close above 149.5 however.
To live a successful life, we must lose our fear of being wrong
  • #8,253
  • Jul 31, 2013 11:11am Jul 31, 2013 11:11am
Quoting netera
{quote} Closed that short by wrong !! hate 1 click trading , i won't open it again now
Ha ha dude! Be careful!
To live a successful life, we must lose our fear of being wrong
  • #8,254
  • Jul 31, 2013 1:30pm Jul 31, 2013 1:30pm
If this was the daily close i will add one more long
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  • #8,255
  • Jul 31, 2013 4:38pm Jul 31, 2013 4:38pm
Quoting Geppy
{quote} hmm... 149.20ish seems like a good sell zone to me.
check out my blog: forexmademillionaire dot com
  • #8,256
  • Edited 6:07pm Jul 31, 2013 5:56pm | Edited 6:07pm
Quoting Geppy
Nice trade Geppy! Wish I had joined you on that one (for my second short from ~149.20), but oh well, I guess...

I've been thinking about it, and I'm pretty sure my focus on ultra-short-term moves actually hurts me more than it helps!

Ck, man, I hope you're banking on this move... I think you got the selloff you were waiting for! Although, I know there's still more to come... I was trading great up until Bernanke spoke! Ugh!

Gotta start thinking a little more longer term. Does anyone find it surprising that since Bernanke spoke a few hours ago, the stockmarket is up, and GJ is down?! I don't find it surprising one bit now that I'm thinking about it. A little foreshadowing, perhaps? Market participants are not liking what they hear? News of Fed continuing to pump money into the markets? Sure, it can provide a short-term boost to the markets, but the market is smarter than that, and it will eventually catch up.

Speaking of... did you guys hear... how Obama changed the way we now calculate GDP? It's bogus, if you ask me! Total freaking bogus. And I'm trying to be polite. The ONLY reason someone would possibly do something like this when it's been this way for decades is to make themself look better... O'bummer.

Sure am kicking myself though for not swinging this one from 153.65, but heck, would, shoulda, coulda... I have learned that it doesn't get you anwhere when it's all said and done.
Please check out my blog at https://from-zero-to-hero . net
  • #8,257
  • Jul 31, 2013 6:20pm Jul 31, 2013 6:20pm
Unless it makes a significant new low (like about more than 20~30 pips lower than the previous one), I anticipate an upmove to start shortly to about 150 ~150.4
  • #8,258
  • Jul 31, 2013 6:27pm Jul 31, 2013 6:27pm
Quoting Mpt
Unless it makes a significant new low (like about more than 20~30 pips lower than the previous one), I anticipate an upmove to start shortly to about 150 ~150.4
I sure hope you are correct, sir



I personally just want a SMALL bounce, but I'm worried now that might be asking for too much.
Please check out my blog at https://from-zero-to-hero . net
  • #8,259
  • Jul 31, 2013 6:37pm Jul 31, 2013 6:37pm
remember, we have GBP data tonight.

Coming at ya in ~9 hours and then some more 3.5 hours later (~12.5h from now).
check out my blog: forexmademillionaire dot com
  • #8,260
  • Jul 31, 2013 6:39pm Jul 31, 2013 6:39pm
I'm trying to make sense of this market... and it's very hard... other than to say "it's just technical".

The only thing I can think of is... market participants really did not like what they hear... and it is nothing but an overreaction? A SEVERE overreaction? Does anyone else agree?

EDIT: Thank you Geppy. Probably would have ignored that news if you hadn't mentioned it

It sure will be interesting to see the impact it has from current levels. If you dont mind me asking, do you follow the news for just GBP and JPY, or do you follow all of the news events? Or just the high/medium-impact ones? I am wondering because technically the news doesn't come out locally until "tomorrow" my time, and that means I'd actually have to check the news for "tomorrow" just in order to even be aware of news that happens past midnight my time. Kind of frustrating, but I'd still like to know your thoughts on this, Geppy.
Please check out my blog at https://from-zero-to-hero . net
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