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Geppy's Geppy Thread (GBP/JPY)

  • #8,661
  • Sep 9, 2013 9:40am Sep 9, 2013 9:40am
short @ 156.48
  • #8,662
  • Sep 9, 2013 9:41am Sep 9, 2013 9:41am
Quoting edindzeko
short @ 156.48

Same here
  • #8,663
  • Sep 9, 2013 9:43am Sep 9, 2013 9:43am
bull flag. could be a good spot for bull trap.
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A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #8,664
  • Sep 9, 2013 9:44am Sep 9, 2013 9:44am
the 20ema is squeezing prices up out of box. wow!
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #8,665
  • Sep 9, 2013 9:47am Sep 9, 2013 9:47am
im short too but this could get ugly fast. last hope is major resistance at 156.59
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #8,666
  • Sep 9, 2013 9:49am Sep 9, 2013 9:49am
im ready for the spillover. double pressure would be ideal.
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #8,667
  • Sep 9, 2013 9:59am Sep 9, 2013 9:59am
Final resistance in this area, if it's ever reached, is 157.7/8/9
  • #8,668
  • Sep 9, 2013 10:06am Sep 9, 2013 10:06am
Quoting fxrustyspoon
im short too but this could get ugly fast. last hope is major resistance at 156.59

  • #8,669
  • Sep 9, 2013 10:13am Sep 9, 2013 10:13am
may 13th high on daily...156.59
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A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #8,670
  • Sep 9, 2013 10:27am Sep 9, 2013 10:27am
Just a GP rally, lets hope JPY can out do it. we are in a major monthly supply area also though so 163.60 is more of a final bull target.
All posts are my personal opinion
  • #8,671
  • Sep 9, 2013 12:07pm Sep 9, 2013 12:07pm
Quoting smash1820
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


Good to be back ... Had an awesome day for some scalping, respected my indicators very well. I think it's feeling a little heavy at the moment...
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  • #8,672
  • Sep 9, 2013 12:41pm Sep 9, 2013 12:41pm
Quoting BobGnarly
{quote} Good to be back ... Had an awesome day for some scalping, respected my indicators very well. I think it's feeling a little heavy at the moment...
Might have to wait 6-7 hours to see what Asia thinks but I agree (obviously, I'm already short)
  • #8,673
  • Sep 9, 2013 6:41pm Sep 9, 2013 6:41pm
Shorted already, bet it'll fail to break the previous high line.
Believe what you see instead of what you think!
  • #8,674
  • Sep 9, 2013 6:59pm Sep 9, 2013 6:59pm
is geppy trying to form a double top on weekly... ma fingers wanna short it atm
Get Rich or Die Tryin
  • #8,675
  • Sep 9, 2013 7:14pm Sep 9, 2013 7:14pm
Quoting hoom
is geppy trying to form a double top on weekly... ma fingers wanna short it atm
yeah.. I see the two horns of a devil. Looks like there's a strong resistance there though. Pretty sure that it's gonna go down any moment but long term, it's gonna go 163. But we've been expecting a down move for like days and still not coming.. Perhaps it really needs to make good horns on weekly. So.. go down next week? haha
  • #8,676
  • Sep 9, 2013 7:45pm Sep 9, 2013 7:45pm
added short 156.52.no sl. tp 154.65 to fill the gap
  • #8,677
  • Sep 9, 2013 10:17pm Sep 9, 2013 10:17pm
what about the previous gap?
  • #8,678
  • Sep 9, 2013 10:57pm Sep 9, 2013 10:57pm
overall trend is up
  • #8,679
  • Sep 9, 2013 10:59pm Sep 9, 2013 10:59pm
look for a strong drop then a huge uptrend
  • #8,680
  • Sep 9, 2013 11:25pm Sep 9, 2013 11:25pm
People on this (other other forums) seem terribly concerned with the small gap of Monday last, yet appear totally oblivious to the gap of 4 April 2013 with its trendline that began at the intervention of 4 August 2011 .

After dropping below it again in June, price has spent the past 60 days attempting to get back over and stay above that trendline. The latest attempt was the gap back over on Monday. The larger TL now sits near the bottom of the "gap" area around 155.2


Disregarding whether GJ looks ready to drop or whatever indicators are saying - until price drops and holds below 155.2 or so, GJ has the potential of becoming somewhat bullish.

By the way, for all the "the gap always closes" folks - the gap of January 1993 finally closed after 4 years.
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