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Geppy's Geppy Thread (GBP/JPY)

  • #8,441
  • Aug 11, 2013 12:21pm Aug 11, 2013 12:21pm
Money talks. Trouble is, mine only knows one word — Goodbye.
  • #8,442
  • Aug 11, 2013 8:18pm Aug 11, 2013 8:18pm
Quoting theDHT
{quote} Hey MS Dunno if you know this, but DB will no longer be posting on EYI since late last week, since he has gone commercial (per FF rules, commercial members cant post on regular threads)... that guy and I disagreed on most things... I guess I am too new to FF to say that I will miss him... I hope you will continue to post your analysis there... it is a good thread, but sadly he chased a lot of good traders away with his constant bantering... Im still unclear about your rationale... you are saying 1000 pip drop for EJ (I note that you closed...
I will no longer post in EJ thread. and I will only trade GJ for now. about my view its clear in my previews chart. I am short in GJ from 149.30 and I am targeting 147 area and once we reach there I will start to find a good spot to enter long for good targets.

I am expecting UJ to drop between 94.20 to 95 which will support my GJ drop.

I am calling for 200 pips drop that's decent. no need to think for big targets at the moment until the market decide. but I want to go long after this last drop because I am expecting USD strength which will make UJ bounce along with GJ

I hope I am right..

good luck
  • #8,443
  • Aug 11, 2013 8:50pm Aug 11, 2013 8:50pm
Quoting msniper
{quote} I will no longer post in EJ thread. and I will only trade GJ for now. about my view its clear in my previews chart. I am short in GJ from 149.30 and I am targeting 147 area and once we reach there I will start to find a good spot to enter long for good targets. I am expecting UJ to drop between 94.20 to 95 which will support my GJ drop. I am calling for 200 pips drop that's decent. no need to think for big targets at the moment until the market decide. but I want to go long after this last drop because I am expecting USD strength which will...
You may well be sure of direction, but have you considered that the move up from 147.6 was possibly a wave 1 and we're just now completing wave c of 2 - and that the correction is over
  • #8,444
  • Aug 11, 2013 9:19pm Aug 11, 2013 9:19pm
Reminder: Japan PM Abe addressing media at 0220GMT
  • #8,445
  • Aug 11, 2013 10:36pm Aug 11, 2013 10:36pm
Quoting Mpt
{quote} You may well be sure of direction, but have you considered that the move up from 147.6 was possibly a wave 1 and we're just now completing wave c of 2 - and that the correction is over
i doubt it at this point ..the technicals arent confirming it....the technicals are still bad!!!
  • #8,446
  • Aug 11, 2013 10:42pm Aug 11, 2013 10:42pm
Quoting ninner
{quote} i doubt it at this point ..the technicals arent confirming it....the technicals are still bad!!!
I am short from 149.30 TP 148.20
  • #8,447
  • Aug 11, 2013 11:18pm Aug 11, 2013 11:18pm
im short from 152.30 and at this point i will take profits arounnd 142
  • #8,448
  • Aug 11, 2013 11:40pm Aug 11, 2013 11:40pm
Quoting ninner
im short from 152.30 and at this point i will take profits arounnd 142
thats a very big target!
  • #8,449
  • Aug 12, 2013 1:44am Aug 12, 2013 1:44am
Morning guys ,...

Have been watching this little ninja ,... i would be very conservative about shorts. We have bounced from the low line of the standard deviation channel. Actualy i will not trade this one today but theoreticaly i would target 150.461 which is the middle line of the channel and after that i will reload again shorts. On the other hand the stochastic is not clear but there is a possibility that the fast line will bounce up or the second scenario is that it will be consolidating sideways.

When i have researched the forex calendar especialy the JPY ninja stuff the numbers were not pretty good so that is why i cant see this one to go more down for now. BUt i will be watching this and set some pending orders.

Wish you all green pips guys
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Many green pips guys
  • #8,450
  • Aug 12, 2013 2:09am Aug 12, 2013 2:09am
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  • #8,451
  • Aug 12, 2013 8:23am Aug 12, 2013 8:23am
Hey dudes

Not been around on this thread for a while as I am not currently trading this pair due to it's instability as of lately.

However, if I were trading it, I would be in short right now, looking to take some out between 148.42 and 148.21.

Depending on what would happen there (break or retrace) I would then either add more shorts looking to take out at 147.58 and eventually 147.1.

Short term I would be short as 150 is being rejected very precisely lately.

If we do take out 150 in the near future it would be 151.35 - 151.51 that would be my concern and two more resistance channels above that. But personally think it will be a little while before we see that
To live a successful life, we must lose our fear of being wrong
  • #8,452
  • Aug 12, 2013 10:54am Aug 12, 2013 10:54am
Quoting flash4
{quote} thats a very big target!
well we will see if we get there or not...today so far has been bad price action however, it appears to be trying to form what i call an m pattern and it looks like it may trying to retest 148.26..if that holds that would be very good price action not that it wont go down further however, if your short you have to bbe aware of that strength..if that fails.then that is poor action and it may go down to test 146.65 area thats the next level im watching...

warmest regards,

travis
  • #8,453
  • Aug 12, 2013 12:07pm Aug 12, 2013 12:07pm
Quoting netera
Geppy & EatPips ; where are you guys ? Thread needs your posts
Been staying away from the forum lately.
check out my blog: forexmademillionaire dot com
  • #8,454
  • Aug 13, 2013 12:23am Aug 13, 2013 12:23am
well...closed my short earlier today and went long...that left side low held and cant bust it down..now they are going to try to bust it up ....risky play ahead of the cpi announcement so we will see....

warmest regards
  • #8,455
  • Aug 13, 2013 1:29am Aug 13, 2013 1:29am
good time to scalping GBPJPY until upcoming GBP news
  • #8,456
  • Aug 13, 2013 10:25am Aug 13, 2013 10:25am
placed my limit shorts on this pair
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In trading, you have to be defensive and aggressive at the same time
  • #8,457
  • Aug 15, 2013 3:53am Aug 15, 2013 3:53am
Hi All
The pair is active within 2 days, but this thread looks like dead mouse
Hold some shorts here and hope to add more from 1.52хх - 1.53 today
Geppy, where are you? we are all wating for your charts
  • #8,458
  • Aug 15, 2013 11:17am Aug 15, 2013 11:17am
there is still internal strength in this currency pair.....it still appears it wants go higher in the longer term
  • #8,459
  • Aug 15, 2013 5:30pm Aug 15, 2013 5:30pm
GJ will fall so hard soon and may be today to below 149 I still hold my short.

there is a possibility to make a new small high than yesterday to complete the diagonal but if we break 151.52 before we make new high then there will be no more highs for few days
  • #8,460
  • Aug 15, 2013 8:06pm Aug 15, 2013 8:06pm
hard to know at this point...i thought it may be heading down too but im not so sure anymore....im currently long from the 150 area..until it breaks this consolidation we wont really know unfortunately...best if you arent in all ready is to wait for confirmation.
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