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Geppy's Geppy Thread (GBP/JPY)

  • #8,401
  • Aug 7, 2013 11:08am Aug 7, 2013 11:08am
Quoting msniper
current price 149.00 I am expecting a retrace around 100 ~ 200 pips before falling down again I closed my short

So we are resuming now ?
  • #8,402
  • Aug 7, 2013 4:34pm Aug 7, 2013 4:34pm
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...
Good evening guys ,...

Today was a good the pullback was succesfull and i have been targeting 150,000 . Finaly take it on 150,110. I know it is stupid , ...but later i will try to prove in some way that im trading Mmmmh as im looking on the whole situation here i would say we have had the pullback and now it looks like that the 150 000 as the whole number is holding. So my first impression is "downtrend " . SO after all this what have had happened i will be now targeting 147.800 as a place where price was able to get. Whát makes me to make such a decision ? :

  1. Tomorow will be a NINJA day. Lot of JPY stuff is going to be released (look the fx calendar) like Current Account and some monetary statement and BOJ press conference. Im little bit of afraid as i have heard some good news about GBP ... AAAAAAAAAAAAND on the bloomberg there is a nice article about How the Yen rises to seven week High before BOJ Decision .......... the summary is ...it will by just NINJA
  2. From the technical point of view there is still beautifull "whatever movement " on daily graph. But when we look at H4 D1 W1 there is a still valid signal for sell . To be fair on H4 it is something middle . On daily the signal is the same and look at the W1 ,...there is a beautifull double top ,.... lets wait for its validation

Wish you all guys green pips

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Many green pips guys
  • #8,403
  • Aug 7, 2013 6:26pm Aug 7, 2013 6:26pm
Unless GJ retraces MORE than 61.8% to below 148.75, opening a short may possibly be a little unwise. GU may well extend. UJ may be arriving at support in the next 10~50 pips and also nearing the end of a possible descending wedge.

The drop below 148.1 and quick rebound that did not progress to 151.8 (yet) MAY have changed the game.
  • #8,404
  • Aug 7, 2013 11:26pm Aug 7, 2013 11:26pm
you could easily get a bounce to 150.79 then i would be careful if you wer long..
  • #8,405
  • Aug 8, 2013 3:49pm Aug 8, 2013 3:49pm
Quoting TomTheTrader
{quote} Good evening guys ,... Today was a good the pullback was succesfull and i have been targeting 150,000 . Finaly take it on 150,110. I know it is stupid , ...but later i will try to prove in some way that im trading Mmmmh as im looking on the whole situation here i would say we have had the pullback and now it looks like that the 150 000 as the whole number is holding. So my first impression is "downtrend " . SO after all this what have had happened i will be now targeting 147.800 as a place where price was able to get. Whát makes me...

You know ,...

Today was the day (or still is) when nothing happen. We could see a nice PING PONG game. Im went out from my trade with - 4 pips and whooole day do nothing here. Well but there is a still good place to reload shorts on 150.650 or something around this with the TP cca 149.200 where the price was able to get for sure. We will see what this "little ninja" will do For now im very conservative and take just a small trade as we are finishing the week by Friday
For all have a good day ,... or night

Lot of green pips guys
Many green pips guys
  • #8,406
  • Aug 8, 2013 4:19pm Aug 8, 2013 4:19pm
I will long @149.85 and below. Targets will be very high later I will decide the target
  • #8,407
  • Aug 8, 2013 5:13pm Aug 8, 2013 5:13pm
Quoting msniper
I will long @149.85 and below. Targets will be very high later I will decide the target
Your target was 140-138 2 days ago , Has the downtrend been broken from your point of view ?
  • #8,408
  • Aug 8, 2013 7:37pm Aug 8, 2013 7:37pm
Quoting netera
{quote} Your target was 140-138 2 days ago , Has the downtrend been broken from your point of view ?
yes that was my target 140 and 138 but following my EW counting I see some changes and this thing should head up. and the area between 148.50 to 149.90 is a good area to buy
  • #8,409
  • Aug 8, 2013 7:39pm Aug 8, 2013 7:39pm
Quoting msniper
{quote} yes that was my target 140 and 138 but following my EW counting I see some changes and this thing should head up. and the area between 148.50 to 149.90 is a good area to buy
So we could reach 149 before flying up ? i have some shorts open
  • #8,410
  • Aug 8, 2013 8:02pm Aug 8, 2013 8:02pm
this actually may be a better place to go short....keep an eye on the 2 hour chart
  • #8,411
  • Aug 8, 2013 8:11pm Aug 8, 2013 8:11pm
waiting for the hour close
my charts show a rejection of 150.37ish could give space for some downward movement
time will tell
  • #8,412
  • Aug 8, 2013 8:20pm Aug 8, 2013 8:20pm
i trade the trend...the longer term trends are still down and the technicals arent that good....
  • #8,413
  • Aug 8, 2013 8:46pm Aug 8, 2013 8:46pm
I am still holding my Shorts
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  • #8,414
  • Aug 8, 2013 9:11pm Aug 8, 2013 9:11pm
I have a bullish view, but this is at least worth taking into account - if only for a north side breakout point - or maybe its all a big coincidence


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  • #8,415
  • Aug 8, 2013 9:32pm Aug 8, 2013 9:32pm
i have done some calculations and if the 150.80 holds then i will be looking for a move to the 146.60 level

gl all
  • #8,416
  • Aug 9, 2013 12:18am Aug 9, 2013 12:18am
Guys, I just noticed something and I can't help but wonder...

Some JPY data just came out recently. It was supposed to come out at midnight my time (CST), and all signals were pointing bullish up until about 11:50 PM. Then, at around 11:53 PM, everything changed, and the signals reversed and turned completely bearish...

Then again, just now at about 12:01, one minute after the SUPPOSED release, they reversed it again back to the original signal (bullish)...

So they changed it from bullish to bearish to bullish within a 10-minute period of what is supposed to be a "minor" news release...

They nailed the timing, and they even nailed the news release. Markets selling off starting at 11:53 PM corresponds to the "missed estimate" of the news. Consuimer Confidence was supposed to come in 45.3, but it came in at 43.6... Am I missing something, or is this clear and definitive proof that someone, somewhere had inside and advanced knowledge of this data?

And that makes me wonder, if I am correct in saying that, and Consumer Confidence is *supposed* to be a "low impact" event, god only knows what they do for "medium" and "high" impact events.

Just some food for thought, but it makes me nervous. I wish I'd never have to bring this up, but it seems like these guys think they can keep getting away with this kind of behavior, and the sad truth is that they might be right. Which makes me sick.

Thoughts???
Please check out my blog at https://from-zero-to-hero . net
  • #8,417
  • Edited 12:40am Aug 9, 2013 12:29am | Edited 12:40am
I just started trading binary FX options recently and I'm loving it... but it's making me notice every... single... detail...
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Please check out my blog at https://from-zero-to-hero . net
  • #8,418
  • Aug 9, 2013 12:55am Aug 9, 2013 12:55am
Quoting smash1820
Guys, I just noticed something and I can't help but wonder... Some JPY data just came out recently. It was supposed to come out at midnight my time (CST), and all signals were pointing bullish up until about 11:50 PM. Then, at around 11:53 PM, everything changed, and the signals reversed and turned completely bearish... Then again, just now at about 12:01, one minute after the SUPPOSED release, they reversed it again back to the original signal (bullish)... So they changed it from bullish to bearish to bullish within a 10-minute period of what is...
The sooner you simply accept that everything is pre-ordained and the entire future is mapped out in front of you, the sooner you won't feel sick anymore worrying about it and simply accept that que sera sera. If that doesn't sit well with you, then just drink more and more often.

What you say is correct. It happens that way. Welcome to the twilight zone.
  • #8,419
  • Aug 9, 2013 1:07am Aug 9, 2013 1:07am
Quoting Mpt
The sooner you simply accept that everything is pre-ordained and the entire future is mapped out in front of you, the sooner you won't feel sick anymore worrying about it and simply accept that que sera sera. If that doesn't sit well with you, then just drink more and more often. What you say is correct. It happens that way. Welcome to the twilight zone.
I understand your point, and I agree with you to a certain extent. Since we can't change it, we'll just have to find a way to live with it...

But, still, I stand for a high moral ground and although we will have to accept it (for now), that doesn't mean we have to be satisfied with it (ie: the status quo / manipulation in the markets).

Also, I wrote that post with the assumption that manipulation goes on. It is tough if not impossible to prove, but it's at least nice to hear that I'm not alone in this thinking.

Thank you for the response. I appreciate it, and I welcome more input still.

PS: You said one thing that confused me: I'm surprised to see you say "everything is pre-ordained", etc., because the one thing I've learned from my years of trading is the exact opposite: that nothing is pre-ordained and everything can change in an instant. I think the technicals can predict the next wave, but it's hard to understand the entire sea from just one little wave...
Please check out my blog at https://from-zero-to-hero . net
  • #8,420
  • Aug 9, 2013 12:38pm Aug 9, 2013 12:38pm
Geppy & EatPips ; where are you guys ?

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