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Geppy's Geppy Thread (GBP/JPY)

  • #8,361
  • Aug 6, 2013 5:38am Aug 6, 2013 5:38am
It must now trade below 150.65 to maintain the bearish view
  • #8,362
  • Aug 6, 2013 8:17am Aug 6, 2013 8:17am
Quoting Mpt
{quote} As I don't have any Pokemon cards or marbles to trade, I guess I'll just have to use waves to trade GBPJPY to the best of my ability. Edit ... although the GU bullishness could be a concern for a bearish outlook
mp

mpt, fair enough....u do a good job using waves..my apologies
  • #8,363
  • Aug 6, 2013 8:57am Aug 6, 2013 8:57am
I've taken a small long from the bounce off support at 150.5. Targeting 151.4.
To live a successful life, we must lose our fear of being wrong
  • #8,364
  • Aug 6, 2013 9:16am Aug 6, 2013 9:16am
Quoting EatPIPs
I've taken a small long from the bounce off support at 150.5. Targeting 151.4.
Cut that long off. Yen is too strong swimming back into the 150.3-150.5 channel. Break 150.2 I would be looking 148s re-tested.

Staying away from this pair for now.
To live a successful life, we must lose our fear of being wrong
  • #8,365
  • Aug 6, 2013 11:30am Aug 6, 2013 11:30am
Quoting EatPIPs
Hey dudes, I'm flat and have been all week - waiting for a clear close above 151.510 or below 150.3 for an indication of direction
I wish I had this kind of willpower. That is what makes you a great trader, EatPips.
Please check out my blog at https://from-zero-to-hero . net
  • #8,366
  • Aug 6, 2013 11:35am Aug 6, 2013 11:35am
Quoting smash1820
{quote} I wish I had this kind of willpower. That is what makes you a great trader, EatPips.
Appreciate the kind words dude

I don't trade this pair when it goes against my prediction. I also hate selling this pair (as bizarre as that sounds) therefore am always looking for buy opportunities than sell opportunities.

Right now, I can see it dropping more but don't want to get in on the action.
To live a successful life, we must lose our fear of being wrong
  • #8,367
  • Aug 6, 2013 11:38am Aug 6, 2013 11:38am
Quoting EatPIPs
{quote} Appreciate the kind words dude I don't trade this pair when it goes against my prediction. I also hate selling this pair (as bizarre as that sounds) therefore am always looking for buy opportunities than sell opportunities. Right now, I can see it dropping more but don't want to get in on the action.
It's best to wait, and I have been all week (until now). We're stuck in a narrow range right now (looking at the hourly) and there's no clear direction until it's broken. Trying a shot at scalping the range for now, but no bias until it's broken.

Got a venue and date for the wedding now. woohoo!
check out my blog: forexmademillionaire dot com
  • #8,368
  • Aug 6, 2013 11:47am Aug 6, 2013 11:47am
Quoting Geppy
{quote} It's best to wait, and I have been all week (until now). We're stuck in a narrow range right now (looking at the hourly) and there's no clear direction until it's broken. Trying a shot at scalping the range for now, but no bias until it's broken. Got a venue and date for the wedding now. woohoo!
I got my bags packed dude!!!
To live a successful life, we must lose our fear of being wrong
  • #8,369
  • Aug 6, 2013 12:01pm Aug 6, 2013 12:01pm
A nice 80 pips for me. Not sure what it will do next but I will sit out till I see where it is going
  • #8,370
  • Aug 6, 2013 12:58pm Aug 6, 2013 12:58pm
Quoting EatPIPs
{quote} I got my bags packed dude!!!
hahaha!
check out my blog: forexmademillionaire dot com
  • #8,371
  • Aug 6, 2013 6:21pm Aug 6, 2013 6:21pm
this thing dropped while i was asleep!

not happy!!

an opportunity missed
  • #8,372
  • Aug 6, 2013 6:24pm Aug 6, 2013 6:24pm
Quoting flash4
this thing dropped while i was asleep! not happy!! an opportunity missed
It has been waiting all day yesterday to pop... And it just has. Landing at the 138.2 support. If it closes around here I wouldn't be surprised for 148 to be taken out soon.
To live a successful life, we must lose our fear of being wrong
  • #8,373
  • Aug 6, 2013 6:29pm Aug 6, 2013 6:29pm
Yeah, so rather than bounce at the 61.8 we fell through it. Next support 76.4 at 149, then double bottom then 200 pips below.
  • #8,374
  • Aug 6, 2013 6:29pm Aug 6, 2013 6:29pm
wow, dropped like rock..its heading towards thebottom of its channel...sooner than late it looks like....
  • #8,375
  • Aug 6, 2013 6:29pm Aug 6, 2013 6:29pm
JPY still handing out beatings.
  • #8,376
  • Aug 6, 2013 6:31pm Aug 6, 2013 6:31pm
not if you are on the righ side of the trade....
  • #8,377
  • Aug 6, 2013 6:32pm Aug 6, 2013 6:32pm
The BIG question is will 148.4 hold... If not, say hello to 146
To live a successful life, we must lose our fear of being wrong
  • #8,378
  • Aug 6, 2013 6:40pm Aug 6, 2013 6:40pm
Quoting EatPIPs
The BIG question is will 148.4 hold... If not, say hello to 146
no the real question is will it hold on 147. because once we break 147 by 1 pip only u will see 140 or 138 I am 100% confident about my analysis
  • #8,379
  • Aug 6, 2013 6:44pm Aug 6, 2013 6:44pm
Quoting msniper
{quote} no the real question is will it hold on 147. because once we break 147 by 1 pip only u will see 140 or 138 I am 100% confident about my analysis
All in good time my friend
To live a successful life, we must lose our fear of being wrong
  • #8,380
  • Aug 6, 2013 7:02pm Aug 6, 2013 7:02pm
Quoting EatPIPs
The BIG question is will 148.4 hold... If not, say hello to 146
That is the very big question. A direct crash through 149.5 could well be ominous.
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