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Geppy's Geppy Thread (GBP/JPY)

  • #8,381
  • Aug 6, 2013 7:09pm Aug 6, 2013 7:09pm
Quoting Mpt
{quote} That is the very big question. A direct crash through 149.5 could well be ominous.

my hourly just closed at 149.36....
  • #8,382
  • Edited 8:21pm Aug 6, 2013 8:03pm | Edited 8:21pm
I note that our friend GU might be starting to give up its pretence about being bullish - but then it has to drop another 50 or 60 pips to confirm
  • #8,383
  • Aug 6, 2013 8:34pm Aug 6, 2013 8:34pm
GU big news in 8 hrs with BOE inflation report and Carney speaking.

UJ looks disgustingly weak. Cutting my wrists a bit for not staying short. Think we might stay in 97.05 - 97.57 range till break out.
  • #8,384
  • Edited 9:13pm Aug 6, 2013 8:45pm | Edited 9:13pm
Quoting Mpt
I note that our friend GU might be starting to give up its pretence about being bullish - but then it has to drop another 50 or 60 pips to confirm
my first tp is near that range
short from 149.296
sl moved to BE
hope it stays clear of that!

Edit: Stopped out
  • #8,385
  • Aug 6, 2013 11:30pm Aug 6, 2013 11:30pm
Quoting TomTheTrader
{quote} Actually from the opening of the market we had some movement up , but after the opening i dont trade few hours. Today at 10:30 we have some GBP stuff so will be watching it. As we have move i have used a standard deviation channel and we can nicely seen that the middle line havent been broken up , on the other hand i will use my "eagle eye" to focus how in few ours will close the candles if above or below ,... (for now im for short scenario) With this scenario i will be targeting the area around 148,726. Also the stochastic show...

Morning guys

Have been very happy i have seen the situation in the morning . I have closed my shorts little bit earlier than 148,726 asi i have mentioned , i did it at 149,000 but from 151 it is very goog and lot of green pips. On the other hand we are sitting on some "magical support " and at the bottom of the channel so i took som long ,.... (also expecting some pullback so maybe 50 pips or something like that . It would be great till 150.000 ( lets talk about scalping? ) After that i will reload some short again. So definitely targeting 150,000 and after that again short .
What makes me sure that this " beast " is heading up is :

  1. there MUST be a pullback after such a move
  2. and from monday im still hearing that data for GBP will be some extraordinary for this week ( maybe yes maybe no )

So hope that today Carney Speaking and Iflation report would be good ( yeah the word inflation sounds bad , but on 50% i m still thinking about "how the news are so much good. " )

Wish you guys lot of green pips

Many green pips guys
  • #8,386
  • Aug 7, 2013 12:37am Aug 7, 2013 12:37am
current price 149.00 I am expecting a retrace around 100 ~ 200 pips before falling down again

I closed my short
  • #8,387
  • Aug 7, 2013 12:49am Aug 7, 2013 12:49am
Quoting TomTheTrader
{quote} Morning guys Have been very happy i have seen the situation in the morning . I have closed my shorts little bit earlier than 148,726 asi i have mentioned , i did it at 149,000 but from 151 it is very goog and lot of green pips. On the other hand we are sitting on some "magical support " and at the bottom of the channel so i took som long ,.... (also expecting some pullback so maybe 50 pips or something like that . It would be great till 150.000 ( lets talk about scalping? ) After that i will reload some short again. So definitely...

I don't know, GJ looks utterly awful to me.
  • #8,388
  • Aug 7, 2013 1:02am Aug 7, 2013 1:02am
Quoting Ck87
{quote} I don't know, GJ looks utterly awful to me.
hi CK87, what gives you this view?

i am learning the trade so any information is good information for me at this stage

i tried playing a few shorts from 149.3ish however only managed to bag 20 odd pips because of tight stops
  • #8,389
  • Aug 7, 2013 1:41am Aug 7, 2013 1:41am
Aside from nominal and questionable support at 148.25, there's considerable channel and TL support just below at about 148 ~ 148.1, but it does all come together at one point. They all hold, or they all break together.
  • #8,390
  • Aug 7, 2013 3:35am Aug 7, 2013 3:35am
Quoting Mpt
Aside from nominal and questionable support at 148.25, there's considerable channel and TL support just below at about 148 ~ 148.1, but it does all come together at one point. They all hold, or they all break together.
i think i see something similar
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 211 KB
  • #8,391
  • Aug 7, 2013 4:23am Aug 7, 2013 4:23am
http://img823.imageshack.us/img823/1446/dnob.png
Trade what you see, not what you think.
  • #8,392
  • Aug 7, 2013 4:32am Aug 7, 2013 4:32am
It looks very possible that we are going to eliminate 147 today...
To live a successful life, we must lose our fear of being wrong
  • #8,393
  • Aug 7, 2013 6:15am Aug 7, 2013 6:15am
Quoting EatPIPs
It looks very possible that we are going to eliminate 147 today...
That has been a hell of a retrace for today in 3 1HR candles!

This PA is way to risky to be trading right now.
To live a successful life, we must lose our fear of being wrong
  • #8,394
  • Aug 7, 2013 6:52am Aug 7, 2013 6:52am
what the heck!
went for dinner...didnt set stop because i was in a rush
come back to 250 pips loss!!!!
  • #8,395
  • Aug 7, 2013 9:39am Aug 7, 2013 9:39am
Quoting flash4
what the heck! went for dinner...didnt set stop because i was in a rush come back to 250 pips loss!!!!
Well, that'll teach ya!
check out my blog: forexmademillionaire dot com
  • #8,396
  • Aug 7, 2013 9:45am Aug 7, 2013 9:45am
Quoting Geppy
{quote} Well, that'll teach ya!
To live a successful life, we must lose our fear of being wrong
  • #8,397
  • Aug 7, 2013 9:47am Aug 7, 2013 9:47am
ahah thanks chaps!
live and learn
onwards and upwards!
  • #8,398
  • Aug 7, 2013 9:48am Aug 7, 2013 9:48am
Quoting flash4
ahah thanks chaps! live and learn onwards and upwards!
That's the spirit. Don't for get your stop loss next time though
To live a successful life, we must lose our fear of being wrong
  • #8,399
  • Aug 7, 2013 10:16am Aug 7, 2013 10:16am
looks like it was a wild few hours...the trend is still down...what do you guys think???
  • #8,400
  • Aug 7, 2013 10:32am Aug 7, 2013 10:32am
Quoting msniper
current price 149.00 I am expecting a retrace around 100 ~ 200 pips before falling down again I closed my short

Your strategy was right...very impressive...

will you please share what type of strategy do you use for analysis or what indicators.
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