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Geppy's Geppy Thread (GBP/JPY)

  • #8,881
  • Sep 24, 2013 9:18am Sep 24, 2013 9:18am
back to home 154-158
  • #8,882
  • Sep 24, 2013 9:33am Sep 24, 2013 9:33am
Quoting khol_hands
back to home 154-158
tp 157.15 support MA 100 h4
  • #8,883
  • Sep 24, 2013 4:31pm Sep 24, 2013 4:31pm
The price needs to go back up a little , even if we're in a massive downmove...it needs to run the stops up there at xxx.54 .....it needs to go to .73 for a decent...self respectable stop hunt, HUH!!
  • #8,884
  • Sep 24, 2013 10:07pm Sep 24, 2013 10:07pm
  •  Leebos
  • | Joined Aug 2012 | Status: I do not believe in a fate that fal | 75 Posts
Quoting Gbp/jpy
The price needs to go back up a little , even if we're in a massive downmove...it needs to run the stops up there at xxx.54 .....it needs to go to .73 for a decent...self respectable stop hunt, HUH!!
You're onto it. I see good pullback potential at around 156.700
A nice area to take a little profit off the table and save it for the reload.
I've had this swing on my card for quite some time.
  • #8,885
  • Sep 24, 2013 11:51pm Sep 24, 2013 11:51pm
Assuming it moves below 157.3 at all, it SHOULD bounce at either 156.6/156.3 or 155.6 - just like it SHOULD have bounced at 158.5.
  • #8,886
  • Sep 25, 2013 3:28am Sep 25, 2013 3:28am
its break m30 zone. the downtrend still around us
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym30.png Size: 52 KB
  • #8,887
  • Sep 25, 2013 3:37am Sep 25, 2013 3:37am
Quoting khol_hands
its break m30 zone. the downtrend still around us {image}
but we need under 157.32.
  • #8,888
  • Sep 25, 2013 4:35am Sep 25, 2013 4:35am
It has to be taken out by more than 25 or so pips.
  • #8,889
  • Sep 25, 2013 5:22am Sep 25, 2013 5:22am
Putting it all into a Fib related perspective, we're sitting around the 23.6 of the range 160 through 150.4 at 157.7. A typically indecisive area that may well continue for many more hours until it moves. I've seen this area muck around for more than 2 days before it moves on, although it can sometimes return to the the top (or close to).
  • #8,890
  • Sep 25, 2013 1:44pm Sep 25, 2013 1:44pm
I'm short @158.40 with my TP of 156.
GL all
Money never sleeps I can hear the dollar calling me
  • #8,891
  • Sep 25, 2013 1:51pm Sep 25, 2013 1:51pm
GBP is going to crash. Because the UK data is incomplete. They retracted most information, such as employment rate is actually based on short term employment. Plus London PLC group one of the UK largest banking is owing 10 trillion dollars based on a turn around of stocks.
Money never sleeps I can hear the dollar calling me
  • #8,892
  • Sep 25, 2013 1:58pm Sep 25, 2013 1:58pm
Quoting shivam332
GBP is going to crash. Because the UK data is incomplete. They retracted most information, such as employment rate is actually based on short term employment. Plus London PLC group one of the UK largest banking is owing 10 trillion dollars based on a turn around of stocks.

I hear you Shivam332 but all this info is already in the market and the pound is still getting stronger.

Olu
If you think you can or cannot do it you are correct
  • #8,893
  • Sep 25, 2013 3:03pm Sep 25, 2013 3:03pm
Yep the continental europeans currencies are different than that island european currency, glad for that.
The third failure for 159.00, all eyes on the nikkei now....the Japanese culture does a three times off....then fourth time on. Did you know the Nikkei is poised for a elliott wave stomp....go have a looky....it shows wave 5 underway, with that drawn out and thereby confusing wave 4 finally over. ( If you don't know what wave the GBP/JPY is in, then it's probably in wave "4"...)
  • #8,894
  • Sep 25, 2013 3:24pm Sep 25, 2013 3:24pm
Cool Leebos,....I caught slippage up there at .78, put 63% of the account on .71....good enough. stop at .84......and .99....and the last one at 159.09, like I always do up there just past that .99....historicaly a killer stop ( .09 - .13 ) in practice.
The take profits are 39 pips~~~then 75 pips. The 39 pips is a huge hurdle.....I get reverse action at 39 pips ALWAYS....
  • #8,895
  • Sep 25, 2013 3:27pm Sep 25, 2013 3:27pm
Potential downside momentum coming to GBPJPY in swing time frames. Gluck.
Data Miner
  • #8,896
  • Sep 25, 2013 3:46pm Sep 25, 2013 3:46pm
Ha, no sign of an after market move in New York......cool The short has more of a chance to extend....next stop....7pm or so in New York. I'm looking for a place to get long.....but selling the crud out of it till 7:40 pm
  • #8,897
  • Sep 25, 2013 4:16pm Sep 25, 2013 4:16pm
Quoting Gbp/jpy
Ha, no sign of an after market move in New York......cool The short has more of a chance to extend....next stop....7pm or so in New York. I'm looking for a place to get long.....but selling the crud out of it till 7:40 pm
good point gbp/jpy. i'm a position trader so don't have much to contribute on short term moves. my analysis is based on my data mining software with longer time frames. gluck!
Data Miner
  • #8,898
  • Sep 25, 2013 5:42pm Sep 25, 2013 5:42pm
Quoting Gbp/jpy
( If you don't know what wave the GBP/JPY is in, then it's probably in wave "4"...)

I agree - but only as long as 154.65 does not break. At that moment, it may indicate that the major wave 4 completed at 147.5 and major wave 5 has already finished at 159.9, being what may still be the top of a channel.
  • #8,899
  • Edited 7:48pm Sep 25, 2013 7:33pm | Edited 7:48pm
Did you guys see that reversal at 7:42 in New York....on the one minute chart usually on my screens at 7:42.....that was a buy....with a stop of 16 pips.....
Usually goes for 12 pips at least....likely to reverse at 8pm. If not then, 9pm, one of those two unless it's a powerful, serious type move....with small corrections. ( no real reverses ) ...I put in a buy at 156.37.....stop .11, ...Right now it's a sell with 158.42 stopping all the action.....whatcha thinkin?...
  • #8,900
  • Sep 25, 2013 7:56pm Sep 25, 2013 7:56pm
Quoting FX Rainmaker
Potential downside momentum coming to GBPJPY in swing time frames. Gluck.
Rainmaker....cool name.Gives me an idea for some trading music.!! TRAFFIC, maybe 1971.....
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