Geppy's Geppy Thread (GBP/JPY)

My Daily signal is flat but overbought... i vote no trade today, i would rather sell than buy. But no trade today...

Even though the dive in price was a spike....it still counts as a loss of the level
I was hoping wouldn't happen....now it can go on down in a major way if it wants.....thursday's low was taken out....spike or not.....it still happened.

I'm still holding onto my longs from last week... The ride up isn't near complete yet IMO.

I was having a lot of fun, not too much of a profit per se, but just opening and closing about 20 very short, very small trades, 3-14 pips profits. So far, won 16 and lost 4 (10-11 pips SL). Still a few opened trades. I will stop when I lose 2-3 in a row and the market seems to have a direction.. But anyway, when this little game of mine is over, I suspect a down move? When markets are out of it's previous normal price channel, experts seem to forecast just one step further then what actually happens (often, eventually hits the target but not before another corrective wave)-- maybe it's just me. I remember the AUD/USD crash in the middle of summer and some were expecting 0.86, 0.83, etc but never went that far. GJ went up 800 pips last 3 weeks. Maybe a place to take a rest for now? At least a temporary break.

Also, Daily Slow Stochastic K & D on my screen are looking like they are just about to cross sometime this week- which has been pretty accurate throughout the year. On my screen, it was correct all 10 times for past 10 crossings, within about 7 day -/+ reaction time (within 7 days, your trade can just hit SL, so hence I don't trade by it. And sometimes the crossings are late by a week, by then your trades are over). This accuracy of Stoch is since the May high. But within that 7 days, maybe it will hit 163 too. But I expect a real pull back soon.. maximum 2 weeks. whether it goes to 160 area or not. The two fake pull backs in past 2 weeks were nowhere enough to complete a good crossing on my Slow Stoch yet. Just enough to get the crossing started. The real pull back will be at least 500 pips, possibly 1000 pips if we go up to 163 before pull back. Just from 157 area, even if it went to 163 then pull back 1000 pips (or to 160-161 then down 700 which is probably more likely IMO), that would still be a down move (but up move from 150). So.. with one more wave of bullish then pull back or just straight bearish, I'd say downward either way?

not that my opinion means much in the market..but i vote we arent nearly done to the upside yet...

I would love to see it rain

Come over here to England, plenty of it

WOW.... what an impressive calendar from UK....... RED. F-
[edit: well -_- at first, calendar on investing.com was ALL red except CPI then 4 of them got corrected to slightly bullish.. Confused.]

It doesn't matter. Over 157.8 it's long ... under 157.75/8 it's, well, kind of stuffed ... and under 157.5 it's absolutely rooted

Going to hit under 157.5 very soon.. looking at my slow stochastic, 1 HR chart.
And when it goes under 157.5..... slow stochastic on 1HR, 4HR AND daily will cross....
I think big down from here.

Yeah. By the way, "stuffed" and "rooted" are technical terms for "not so bullish"

A good clean close below 156.4 and further continuation down would be the first sign of a possible short IMO.

the new area GJ for several weeks... 153-158
I dont take a long before it goes to 153.
still short area 157-158. good luck!!!

I somewhat alluded to that in my post http://www.forexfactory.com/showthre...36#post6961836, although with specific levels. Not sure about the timeframe, but it could well be many more days if it creeps down. Remember, though, if it were to fall below the rising channel TL (now at 153.3 below us), it means a return to the 14x area, if not further down.

Still, it's all a little hard to see everything going to "plan" until it starts to head down -even slowly.

anyway thanks for link

let see what happen in new york season. formed pinbar H4.

Buy the carapppp outta 156.87......and the break of recent highs around 158.xx

Long..

Strong GBP over most pairs, good fundamental information. Break of strong resistance which has turned into a strong support.