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Geppy's Geppy Thread (GBP/JPY)

  • #8,501
  • Aug 20, 2013 1:38am Aug 20, 2013 1:38am
Closed All shorts at 152.05 Waiting to load more on a pullback
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  • #8,502
  • Aug 20, 2013 2:08am Aug 20, 2013 2:08am
Assuming, having retraced 38% 148.8/153.5 that this is the first move up of the final wave (5) to the top, moderate resistance is at or around the double top and heavy resistance at about 154.7/8/9.
  • #8,503
  • Aug 20, 2013 5:36am Aug 20, 2013 5:36am
Hey dudes

Well i'm still holding my small longs from yesterday and have added another today's low so far bouncing off the 50MA. Stops are in tight, looking ideally for a close above 152.7 in current or next 4HR candle.

Purely PA with SR trading at the moment on this pair.
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To live a successful life, we must lose our fear of being wrong
  • #8,504
  • Aug 20, 2013 9:35am Aug 20, 2013 9:35am
macd is upward. how far up will it go.
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deep RoT is essential for everlasting happyness
  • #8,505
  • Aug 20, 2013 2:17pm Aug 20, 2013 2:17pm
i took my profits...last night..im not liking how it cant break that trend line...this could end up being a B- AND a failure pattern..i wwill keep watching until it becomes clearer...
  • #8,506
  • Edited 7:18pm Aug 20, 2013 4:56pm | Edited 7:18pm
This session time is all about the aud.....and mainly like I post a bunch...that carry trade EUR/AUD, and the " in our face " pure manipulation....it'a buy and hold since sunday 7 pm in New York...the target....900 pips to the fibo from long ago...It'll probably be there by friday....betcha....
  • #8,507
  • Aug 20, 2013 7:34pm Aug 20, 2013 7:34pm
this pair is having problems right now.....cant handle these higher levels
  • #8,508
  • Aug 20, 2013 10:31pm Aug 20, 2013 10:31pm
is anyone looking to go short right here ..right now
  • #8,509
  • Aug 20, 2013 11:24pm Aug 20, 2013 11:24pm
Quoting ninner
is anyone looking to go short right here ..right now
Holding firmly onto my longs!
To live a successful life, we must lose our fear of being wrong
  • #8,510
  • Aug 21, 2013 12:39am Aug 21, 2013 12:39am
Yep, always sell a xx.94 failure....especially on the first approach from 100 pips below....have you noticed that? works 9 times out of 10.
  • #8,511
  • Aug 21, 2013 6:56am Aug 21, 2013 6:56am
Hey dudes

Quick update, 2 of my 3 longs are covered with positive SL because of the USD news coming out in 5 mins and later on today.

I still see it making a new recent high (news dependent) and could quite possible see a quick retrace should it go south.
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To live a successful life, we must lose our fear of being wrong
  • #8,512
  • Aug 21, 2013 7:36am Aug 21, 2013 7:36am
Hi guys. Supporting traders who are shorting Geppy at the moment. Sold the pair from 153,200. SL @ 153,650.

Good luck to all!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #8,513
  • Aug 21, 2013 11:11am Aug 21, 2013 11:11am
Quoting EatPIPs
Hey dudes Quick update, 2 of my 3 longs are covered with positive SL because of the USD news coming out in 5 mins and later on today. I still see it making a new recent high (news dependent) and could quite possible see a quick retrace should it go south. {image}
Really need to break 153.9 today....
To live a successful life, we must lose our fear of being wrong
  • #8,514
  • Aug 21, 2013 4:18pm Aug 21, 2013 4:18pm
Quoting EatPIPs
{quote} Really need to break 153.9 today....
lets take a walk to 148.x-150.x
  • #8,515
  • Edited 5:18pm Aug 21, 2013 4:38pm | Edited 5:18pm
There's heavy sell pressure up there somewhere......I think a spike up would see me jump a sell trade.....play spikes on this historically long the " GBP/xxx pairs " days >>>Like 44-60 pips up spike or schmooze up move. Euro's a buy...stop at xx.28 EUR/AUD blasting off for 300 pips by next week.
  • #8,516
  • Aug 21, 2013 7:03pm Aug 21, 2013 7:03pm
That was one hell of a comeback, wasn't it?!

Honestly, I wasn't expecting this strong of a bounce lol, but I'm grateful for it, now I have managed to maintain the balance in my options account since the beginning of this week. Kinda disappointed I haven't added to it cuz there was plenty of opportunity, but for now I'm glad to be even.

If anything, don't these quick "rebounds" that we keep having add to my overall bullish thesis?
Please check out my blog at https://from-zero-to-hero . net
  • #8,517
  • Aug 21, 2013 7:07pm Aug 21, 2013 7:07pm
There's 55 of the 60 pips.......selling now on a scale allottment deal.... over on that usd/jpy, did you know one can see a 4 week cycle...
  • #8,518
  • Aug 21, 2013 7:08pm Aug 21, 2013 7:08pm
Quoting Gbp/jpy
There's 55 of the 60 pips.......selling now on a scale allottment deal
haha, me too!
Please check out my blog at https://from-zero-to-hero . net
  • #8,519
  • Aug 21, 2013 7:14pm Aug 21, 2013 7:14pm
smash hard to know i just play the technicals for the most part..i think there is a good chance we pullback hard .i still think we will make a leg D and peak D on the monthly...need to see how the 152.08 to 152.15 holds up...im kinda mad that i sold early ..but at least i know i had the correct analysis...just needd more patience.

best
  • #8,520
  • Aug 21, 2013 7:39pm Aug 21, 2013 7:39pm
Quoting ninner
smash hard to know i just play the technicals for the most part
What the heck do you think I do?

In my opinion, if you're not trading off the technicals, you're living in the stone age.

Quoting ninner
i think there is a good chance we pullback hard .i still think we will make a leg D and peak D on the monthly...need to see how the 152.08 to 152.15 holds up...im kinda mad that i sold early ..but at least i know i had the correct analysis...just needd more patience. best
I don't do much Fibonacci or elliot wave analysis, but I agree I think a pullback is necessary, and then onward we shall go! I wouldn't be surprised if we see 156.00 within two weeks time, and although I am not predicting this, I'm just saying I wouldn't be surprised if it were to happen...

I also agree that patience is sometimes the hardest part of trading. I'm still working on that too, ya know... the reason I get angry a lot is because my analysis is often correct, but it's the patience part -- like you said -- that can be difficult to grasp.
Please check out my blog at https://from-zero-to-hero . net
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