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Geppy's Geppy Thread (GBP/JPY)

  • #8,981
  • Sep 30, 2013 7:44pm Sep 30, 2013 7:44pm
Hey FX-Ray, question for ya...

I'm interested in your analysis. Your target at 156.25 has not been hit, do you still think that it will be? If your answer is yes, that's a good 275+ pips from current levels so I'm curious what your game plan is, and whether you thought 156.25 was/is a legitimate target or not?

While the 4H looks bearish from here, I expect to see support around the 159 level, possibly a break of it, but then an onward push higher, as the Weekly TF is just starting to turn.

Do you trade based on volume alone or do you use a method more similar to VSA? And also am curious to know if you rely so much on volume, do you use volume-by-price indicators or just volume weighted by time? Just looking for a further explanation, as you seem to know what you are talking about... which is why I find it confusing because I'm personally not so sure how realistic that target of yours is.
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  • #8,982
  • Sep 30, 2013 8:20pm Sep 30, 2013 8:20pm
hey smash how can you say the 4hr chart is bearsih it looks pretty darn bullish to me...could you explain please???
  • #8,983
  • Sep 30, 2013 8:28pm Sep 30, 2013 8:28pm
Quoting ninner
hey smash how can you say the 4hr chart is bearsih it looks pretty darn bullish to me...could you explain please???
No problem. See the chart below. The 4H stochastics is starting to turn (that is what I was referring to), but keep in mind, that is just one time frame... of MANY.
Attached Image


FX-Ray... don't forget my question above.
Please check out my blog at https://from-zero-to-hero . net
  • #8,984
  • Sep 30, 2013 8:35pm Sep 30, 2013 8:35pm
But if one were really smart, (s)he would notice the structure and patterns that is going on here... and goes on all the time. While 4H may be bearish, the Daily is still bullish although almost ready to turn, and the Weekly is proving to be uber bullish as it is starting to turn which will, in effect, make the Daily and all the time frames below that all the more stronger. Do you get where I'm going with this LOL.

Shorts are for losers!

Please check out my blog at https://from-zero-to-hero . net
  • #8,985
  • Sep 30, 2013 9:14pm Sep 30, 2013 9:14pm
Sorry for all the posts but I will most likely be starting a thread of my own soon to discuss my method of trading. I believe it is very good and accurate but I've got a lot on my plate now so it's gonna take some time for me to get going. Either that or I've been thinking about possibly writing an e-book, as I could desperately use the money (HAH...! If that's not irony then I don't know what is). I am going through a tough time right now, and so it'd be interesting to know if anyone here would be interested in such a product? Provided that it were sold for like $99 or less. I would be shocked but very grateful if anyone is interested, as I would disclose everything I know.

My knowledge far surpasses my trading ability, which is why I often get frustrated.
Please check out my blog at https://from-zero-to-hero . net
  • #8,986
  • Sep 30, 2013 9:27pm Sep 30, 2013 9:27pm
Good reading here....thanks Mpt for the level I hadn't considered......cool getting great input....
Aluko.....trade short term, especially tonite....if you are buying, find a way to hold on to it....if selling take profit tonite on a spike then long...meaning with-in a week and a half....we'll all be buying....till then.....whipsaws...I promise they'll whipsaw us.
  • #8,987
  • Sep 30, 2013 9:30pm Sep 30, 2013 9:30pm
Quoting smash1820
Sorry for all the posts but I will most likely be starting a thread of my own soon to discuss my method of trading. I believe it is very good and accurate but I've got a lot on my plate now so it's gonna take some time for me to get going. Either that or I've been thinking about possibly writing an e-book, as I could desperately use the money (HAH...! If that's not irony then I don't know what is). I am going through a tough time right now, and so it'd be interesting to know if anyone here would be interested in such a product? Provided that it...
smash to me honest i dont think the 4 hour is that bearish.... to me its in a brand new leg B NOTICE how the slow stochastc is still rising and at about 82 and thee macd is rising......its what i call a double cup formation....the right side from about 159.68 to 160 will be heavy resistancce though...I don see it being a leg C FROM the previous buy mode if it breaks abouve the 160 that would be very bullish....however, my decisions are mainly from monthly and weekly charts as im more of a position trader than a short term trader so to each their own

cheers
  • #8,988
  • Sep 30, 2013 9:31pm Sep 30, 2013 9:31pm
All of the GBP pairs look overextended to me, but I like the play of short GBPCAD the most at this hour. With gov't shutdown looming I don't want to play GBPJPY or GBPUSD....
  • #8,989
  • Sep 30, 2013 9:39pm Sep 30, 2013 9:39pm
Quoting edindzeko
All of the GBP pairs look overextended to me, but I like the play of short GBPCAD the most at this hour. With gov't shutdown looming I don't want to play GBPJPY or GBPUSD....
Ya pretty much every pair is going to be pretty volatile short term
  • #8,990
  • Edited 10:07pm Sep 30, 2013 9:41pm | Edited 10:07pm
Quoting supaH
Ya pretty much every pair is going to be pretty volatile short term
Which is why today has been such a great trading opportunity (and should continue to be)
Please check out my blog at https://from-zero-to-hero . net
  • #8,991
  • Sep 30, 2013 9:45pm Sep 30, 2013 9:45pm
Quoting ninner
{quote} smash to me honest i dont think the 4 hour is that bearish.... to me its in a brand new leg B NOTICE how the slow stochastc is still rising and at about 82 and thee macd is rising......its what i call a double cup formation....the right side from about 159.68 to 160 will be heavy resistancce though...I don see it being a leg C FROM the previous buy mode if it breaks abouve the 160 that would be very bullish....however, my decisions are mainly from monthly and weekly charts as im more of a position trader than a short term trader so to each...

I should have clarified. You are indeed correct. The 4H chart is not bearish although the 4H stochastics is, and the reason for this is that the 4H ADX is still rising.

In all honesty, to interpret the 4H chart I posted above, I should really have posted my full setup which consists of the following. Unfortunately, I don't have the time to go through my entire system right now...
Attached Image (click to enlarge)
Click to Enlarge Name: 4.JPG Size: 445 KB
Please check out my blog at https://from-zero-to-hero . net
  • #8,992
  • Sep 30, 2013 9:53pm Sep 30, 2013 9:53pm
He HE...53%....plus the 3% from Sunday hour 1......We take what the market gives us, sometimes it's rough going.
But lately it's been a different deal. You know, we need to get a bunch of profit in the bank quick....and quick....don't leave it sitting in there.!
I'm in Dallas , but the account is with a bank in Sidney....Forex FS
  • #8,993
  • Sep 30, 2013 10:03pm Sep 30, 2013 10:03pm
Quoting Gbp/jpy
He HE...53%....plus the 3% from Sunday hour 1......We take what the market gives us, sometimes it's rough going. But lately it's been a different deal. You know, we need to get a bunch of profit in the bank quick....and quick....don't leave it sitting in there.! I'm in Dallas , but the account is with a bank in Sidney....Forex FS
THAT IS AWESOME!!!! NICE JOB DUDE!!!!!!!!! 53% in a week is something to marvel at, especially with an account as big as yours. You've been on a tear lately!

Can I be one of your clients?

I think I really need to give you a call soon... LOL
Please check out my blog at https://from-zero-to-hero . net
  • #8,994
  • Sep 30, 2013 10:14pm Sep 30, 2013 10:14pm
Quoting Gbp/jpy
He HE...53%....plus the 3% from Sunday hour 1......We take what the market gives us, sometimes it's rough going. But lately it's been a different deal. You know, we need to get a bunch of profit in the bank quick....and quick....don't leave it sitting in there.! I'm in Dallas , but the account is with a bank in Sidney....Forex FS
Do you only trade GBPJPY or is that just your username? Either way nice work... teach me your ways
  • #8,995
  • Sep 30, 2013 10:41pm Sep 30, 2013 10:41pm
Quoting Gbp/jpy
He HE...53%....plus the 3% from Sunday hour 1......We take what the market gives us, sometimes it's rough going. But lately it's been a different deal. You know, we need to get a bunch of profit in the bank quick....and quick....don't leave it sitting in there.! I'm in Dallas , but the account is with a bank in Sidney....Forex FS
nice job buddy....im up just over 43 percent about 5 percent from sunday but i take it with a grain of salt since the market can rip it way in a heartbeatt...
  • #8,996
  • Sep 30, 2013 10:56pm Sep 30, 2013 10:56pm
Lol me too Niner. I'm up about 30% so far this week (ie: since yesterday) but on such a small account that it hardly matters. In theory, I should be able to double it again by the end of this week, but we shall see.
Please check out my blog at https://from-zero-to-hero . net
  • #8,997
  • Sep 30, 2013 11:18pm Sep 30, 2013 11:18pm
HAHAHAHAHAHAHAHAHAHA

Look how bullish this "government shutdown" is for the markets... LOLOLOLOLOL
Please check out my blog at https://from-zero-to-hero . net
  • #8,998
  • Sep 30, 2013 11:21pm Sep 30, 2013 11:21pm
Quoting smash1820
HAHAHAHAHAHAHAHAHAHA Look how bullish this "government shutdown" is for the markets... LOLOLOLOLOL
short 159.8 tp unlimited HAHAHAHAHA
  • #8,999
  • Sep 30, 2013 11:40pm Sep 30, 2013 11:40pm
Quoting khol_hands
short 159.8 tp unlimited HAHAHAHAHA
Good luck. I already took my profits.
Please check out my blog at https://from-zero-to-hero . net
  • #9,000
  • Sep 30, 2013 11:53pm Sep 30, 2013 11:53pm
Quoting smash1820
{quote} Good luck. I already took my profits.
yupz.. new double top
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