Geppy's Geppy Thread (GBP/JPY)

I hear ya. just get burned out. and this pair isnt rockin like it was for a bit there anyhow. ranging, consolidating, not making sense, not running hard as usual.

I really enjoyed it when both those guys were posting. Now its you [eatpips] and others that are holding it down and I totally appreciate that. Wish I had something of merit to add to the mix.. but yeah. Travis n Al were cool and had good input, helped me make some solid decision$

This pair is just like any other but a bit more volatile.

I suppose it all comes down to what type of trader you are (long or short term) but this pair still makes money to those who trade it how she likes to be traded. Not saying that every trade is a win but with geppy you need more patience and longer trades.

For me personally on this pair, scalping usually means holding a trade for a day or two.

156 is holding it down. 4HR close again below. Not liking the look of this from the bulls perspective.

hey innersong, thanks man i try my best to add to the knowledge on this thread not much to say at this point....daily chart probably Leg B technicals are strong....slight chance could be a Leg E but i doubt it...weekly is most like a LEG B tellls me we have alot more to go to the upside yet unless the leg C AND D are very quick so we wont know more until at least another 4 weeks that is the earliest you can have a peak D if i did my math right...to me looks very strong and will probably go higher but based on the weekly you cant rule out a double top yet....so it should be interesting

cheers

travis

Hi InnerSong, EatPIPs and ninner, I've just joined FF and came straight to this forum and this thread in particular. I'm trading this pair with a small real account and I'm psyched to have found a group of individuals trading it as well. I'll try to post regularly. Right now I think there's a significant S/R level at 156.5 and I'm waiting for a definitive candlestick formation before I jump in long/short.

Made a nice push up here into a good supply level on daily timeframe already showing signs of stalling with room for a retrace back down. Long at 154.20

Whale, baby....do you want to be known as the kind of person that can't even do a back and forth with logic or techs....? I'm ashamed of you....now I want you to quit posting like a small person....I'll be looking for more big guy ability....now....

Oh, man....what a great nite trading.
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I found a 4 hour "SADE" mix on youtube music........after that....maybe some guitar rock~~~~~MONTROSE..sammy hagar and " ROCK CANDY, BABY ", then....the uriah heep live
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Hey, if the eur/aud closes tomorrow for the week at this level, we're on....GBP/JPY losing steam but still holding the buy

tomorrow morning could be interesting and some some pivotal event risk.....

It's collapsing...... yay. Double negative data for GBP....
Now it's 8AM GST. If 9:30AM GST data are bearish, then it could go down like crazy......

It's gonna be a wavy ride down to 152 now. Next week may see 150 again but possibly a bounce from 152.

At 154.1, GJ is bouncing off the 38.2 retracement level for the entire up-move from 150.4. Whilst it may only travel part of the way back before continuing down, a move back over about 156 could suggest another move higher next week towards the 157/158 area

possible reversal h n d.

I sold at 156.5 earlier today, tp at 155.8

nice pullback today however, all its really doing is forming a cup formation on the daily....technicals are still strong....still looks like a leg B and possibly a peak B on the daily and on the weekly could be a leg E or a leg B.....NEED the fast ma to cross over the slow on the macd though and the stochastics are still rising....im still speculating that its a leg B AND higher highs to follow....we will see...short term traders probably had a field day shorting it though...i hope they did well

cheers

travis

Whats up guys! Sorry for not being on in a while. I have been starting up a very small trading business, and between paperwork and establishing a shell off shore its been a busy few months with very little trading. I don't normally trade Jun- Aug anyway, Too much BS and ranging for me. I have some time now to start trading and just in time for the fomc and Septaper

I have also been developing a Short term scalping system in addition to my love for long term trading. Scalping was always a weakness for me not really because I lacked skills but because I lacked a low spread ecn broker. My new one has a .8-1.2 spread on GJ which is awesome and so I finally started working on my scalping system

As for GJ direction, We have been stuck between a boring 500 pip range this whole summer, Looking to break the highs and test 163 as I have been saying all year. I'm flat at the moment but short term I see some downside. Here is my system I am working with and its seems to be giving very few false alerts. The downside seems to be in favor and we might have a good short opportunity with an opening Gap to the upside, so look to fade that. Tokyo BS with winning the olympics will most likely cause a stupid gap up....

Anyway its good to be back on the forums!!

hey bob , i like your style...i agree with you about this pairi think the 163 area is logical point where it wants to go.....i wonder if you can go into your scalping technique abit more indepth

travis

And back to the long term 163/156.7/156.1 trendline. Maybe just a retest - but just 'cause the nice man at Forexlive said to fade any gap up, I would prefer to wait.

The price is going up, and has been for a while... That's all you guys need to know. You just have to be smart about when you buy.

Of course, that's easier said than done.

It's nice to have ya back on the forum BobGnarly! My system is almost identical to yours except I don't use Ichimoku, I focus on stochastics instead. And I'm working on a short-term scalping system as well

short 155.94 potential double top daily.