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Geppy's Geppy Thread (GBP/JPY)

  • #9,021
  • Oct 2, 2013 1:33am Oct 2, 2013 1:33am
London is going to open within 30 min and euro news opening same time ( Spanish Unemployment Change ) but GBP news ( Construction PMI ) will effect gbpjpy ... and many other events today Minimum Bid Rate (EUR) , ADP Non-Farm Employment Change (USD) and ECB Press Conference at last Fed Chairman Bernanke Speaks

so we can expect good Fire Works today
Mail: holygrailea (AT) gmail ( DOT ) com
  • #9,022
  • Oct 2, 2013 11:49am Oct 2, 2013 11:49am
It's cool how the market is at extremes right now....but also, all the big boys are just waiting for the general outlook to " flip "....then it's off to the races.
unless the powers that be keep the deadlock going for ten more days....so I have entry orders all over the place up there up above the last demand level.....allotted to where some will get hit and others will not be allowed for lack of margin...trying to get a fill in a gap run up.
This morning I couldn't get one trade to take profit....all three were loses of 1.5%....cooled my jets....
  • #9,023
  • Oct 2, 2013 12:52pm Oct 2, 2013 12:52pm
Its so crazy, sold my car hoping ive gotten enough discipline to handle lot size and stop losses, I feel so bad this has to happen again and again. I miss my car so much, hope the car forgives me!
  • #9,024
  • Oct 2, 2013 8:12pm Oct 2, 2013 8:12pm
this pair is holdingup well right ....later this week BOJ announcces their rate decision that may give more insight..
  • #9,025
  • Oct 2, 2013 10:26pm Oct 2, 2013 10:26pm
Quoting ninner
this pair is holdingup well right ....later this week BOJ announcces their rate decision that may give more insight..
Very slim chance BOJ changes interest rates or their QE program.

Lots of Yen safe haven buying since the weekend, so I am short gbpjpy & eurjpy until the US shutdown is over.

As seen by Japan numbers today:

Foreign Bond Investment: Prev: 175B Today: 672B
Foreign Investment in Japan Stocks: 182B Today: 341B
  • #9,026
  • Oct 2, 2013 10:32pm Oct 2, 2013 10:32pm
wouldnt that indiccate bearishness on the yen longer term???
  • #9,027
  • Oct 2, 2013 10:56pm Oct 2, 2013 10:56pm
Quoting supaH
{quote} Very slim chance BOJ changes interest rates or their QE program. Lots of Yen safe haven buying since the weekend, so I am short gbpjpy & eurjpy until the US shutdown is over. As seen by Japan numbers today: Foreign Bond Investment: Prev: 175B Today: 672B Foreign Investment in Japan Stocks: 182B Today: 341B
you may want to think about covering your gbpjpy short....on the shorter time frames i see betteer price action and improved technicals????
  • #9,028
  • Oct 2, 2013 11:38pm Oct 2, 2013 11:38pm
If UJ cannot get back and hold over 97.7/98 , or if it trades below 96.8 (or, at the extreme 95.8), our friend's shorts may end up being an excellent choice. Possibly more excellent than he may be aware.

If Uj breaks up and/or GJ gets back over about 158.75 today, then he made a poor choice.

Either way, i still think that GJ has more to move down. UJ is sitting right on the line. With UJ, up potentially means many hundreds of pips, whereas down means the same.
  • #9,029
  • Oct 2, 2013 11:55pm Oct 2, 2013 11:55pm
to be honest im not interested in the usdjpy cus its just in a horizontal trading range which can last a long time...the other currency pair im liking is the NZDJPY....the gj did form a double topp on the daily but so far couldbt break the lows out and seems like the 20 sma is acting as support and price so far at least is acting strong and the 2 hour chart is acting very strong
  • #9,030
  • Oct 3, 2013 1:34am Oct 3, 2013 1:34am
Quoting ninner
to be honest im not interested in the usdjpy cus its just in a horizontal trading range which can last a long time...the other currency pair im liking is the NZDJPY....the gj did form a double topp on the daily but so far couldbt break the lows out and seems like the 20 sma is acting as support and price so far at least is acting strong and the 2 hour chart is acting very strong
You may have misunderstood me - But then I wasn't at all clear. What I should have said, rather than just quote levels, is that its "horizontal trading range" may be at or near an end. Where goes UJ, all other Yen pairs will follow to varying degrees.

I don't know about most folks, but I pay very close attention to UJ and also to GU - even though I rarely trade them. They are, after all, what makes up the G and the J.
  • #9,031
  • Oct 3, 2013 5:53am Oct 3, 2013 5:53am
Based on the assumption that the previous wave completed at 158.8, then our friend FXray's target of 156.25 should be close if length of wave A (245 pips) = length of wave C. If C = A x 1.38 then it's 155.5

Below 154.6 the uptrend is negated
  • #9,032
  • Oct 3, 2013 9:30am Oct 3, 2013 9:30am
nice week. hope you so
  • #9,033
  • Oct 3, 2013 10:12am Oct 3, 2013 10:12am
155 may be the day
  • #9,034
  • Oct 3, 2013 10:50am Oct 3, 2013 10:50am
Quoting Mpt
Based on the assumption that the previous wave completed at 158.8, then our friend FXray's target of 156.25 should be close if length of wave A (245 pips) = length of wave C. If C = A x 1.38 then it's 155.5 Below 154.6 the uptrend is negated
yup at this point could easily go to 155 but that would be quite normal
  • #9,035
  • Oct 3, 2013 11:54am Oct 3, 2013 11:54am
That's the first downward Thursday in a long time......didn't catch all of the move....or the noon-time in New York reverse....cause I'm all happy about that robust signal machine .... I get really "antsy" with a hundred pips and am absolutely unable to let the trade run....a nervous wreck.
  • #9,036
  • Edited 10:42pm Oct 3, 2013 10:19pm | Edited 10:42pm
We're in a lovely buy here....last time I saw this signal....it went wayy up......let's see about this time....
It's almost midnite in New York....157.13 or so.....that skinny sideways channel.....
EDIT add ....I just noticed a shooting star and a spinning top and a green bullish hammer......look out.!!
  • #9,037
  • Oct 3, 2013 11:06pm Oct 3, 2013 11:06pm
Quoting Gbp/jpy
We're in a lovely buy here....last time I saw this signal....it went wayy up......let's see about this time.... It's almost midnite in New York....157.13 or so.....that skinny sideways channel..... EDIT add ....I just noticed a shooting star and a spinning top and a green bullish hammer......look out.!!
I think the shooting stars you're seeing may just be the fireworks it's setting off to celebrate getting away from 158.
  • #9,038
  • Oct 4, 2013 1:04am Oct 4, 2013 1:04am
Quoting Gbp/jpy
We're in a lovely buy here....last time I saw this signal....it went wayy up......let's see about this time.... It's almost midnite in New York....157.13 or so.....that skinny sideways channel..... EDIT add ....I just noticed a shooting star and a spinning top and a green bullish hammer......look out.!!
i dont know ....it looks to be going lower now..probably test of the 50 day moving average
  • #9,039
  • Oct 4, 2013 2:44am Oct 4, 2013 2:44am
BOJ meeting will take decision before Tokyo close
Mail: holygrailea (AT) gmail ( DOT ) com
  • #9,040
  • Oct 4, 2013 2:55am Oct 4, 2013 2:55am
UJ sits at support at 97.7. Unless it falls shortly, I think 156 may do it. But then, just watch UJ dump just as we hit 156.
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