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Geppy's Geppy Thread (GBP/JPY)

  • #9,041
  • Oct 4, 2013 12:58am Oct 4, 2013 12:58am
Quoting SpikerTrader
BOJ meeting will take decision before Tokyo close
And what will the BOJ do? Unless they make the Yen into a manged float? When I last looked Yen was a floating currency.
  • #9,042
  • Oct 4, 2013 1:13am Oct 4, 2013 1:13am
Quoting Mpt
{quote} And what will the BOJ do? Unless they make the Yen into a manged float? When I last looked Yen was a floating currency.
do not forget BOJ's strong decision when Tsunami happened
Mail: holygrailea (AT) gmail ( DOT ) com
  • #9,043
  • Oct 4, 2013 1:31am Oct 4, 2013 1:31am
Quoting SpikerTrader
{quote} do not forget BOJ's strong decision when Tsunami happened
Interventions aside (the last was 3 years ago), it's a floating currency. Why do Yen pairs always have this cargo cult logic about them? Just open your mouth, look up in the sky and treasure will fall from the heavens. It's like heaven on a stick.

If it drops, so be it. EVERY intervention in the last 5 years was due to natural disasters or the fact that YEN pairs dropped below a long term trend line.
  • #9,044
  • Oct 4, 2013 2:17am Oct 4, 2013 2:17am
why GJ up and down now??? its all about GBP not yen. gj may be to a level of 153 or 154. now 157 where uj level 99 three weeks ago. according to my analysis if uj at 97 GJ maybe going to a level of 154 on the daily chart.
no more up for GU right now if we see weekly chart.
  • #9,045
  • Oct 4, 2013 2:19am Oct 4, 2013 2:19am
Quoting khol_hands
why GJ up and down now??? its all about GBP not yen. gj may be to a level of 153 or 154. now 157 where uj level 99 three weeks ago. according to my analysis if uj at 97 GJ maybe going to a level of 154 on the daily chart. no more up for GU right now if we see weekly chart.
I prefer to take long at 154 at least.
  • #9,046
  • Oct 4, 2013 2:41am Oct 4, 2013 2:41am
Quoting Mpt
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.
strong support 153.8-154. and tl fibonachi(50)
  • #9,047
  • Oct 4, 2013 2:43am Oct 4, 2013 2:43am
Quoting Mpt
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.
agree strong support today.
  • #9,048
  • Oct 4, 2013 2:49am Oct 4, 2013 2:49am
Quoting khol_hands
{quote} agree strong support today.
MA 200 ON THE H4
  • #9,049
  • Oct 4, 2013 3:49am Oct 4, 2013 3:49am
Hello, Its so painful seeing the market moving as you predicted after getting my account burnt, now i know its not only patience but discipline alongside patience win the race. I entered a trade thinking i can outsmart the market without waiting for complete conditions to be met. GJ still going toward 154.
  • #9,050
  • Oct 4, 2013 4:44am Oct 4, 2013 4:44am
20 hrs ago
Quoting Fx-gtg
155 may be the day
still within 24 hrs of call. so close to 155.55
  • #9,051
  • Oct 4, 2013 5:43am Oct 4, 2013 5:43am
Too bad I was asleep when this happened... I would have entered short term short trades after breaking 157... : (
  • #9,052
  • Oct 4, 2013 6:22am Oct 4, 2013 6:22am
didnt anyone notice the daily bullish divergence on gj....... load ur guns now
  • #9,053
  • Oct 4, 2013 6:46am Oct 4, 2013 6:46am
Quoting cheagil
didnt anyone notice the daily bullish divergence on gj....... load ur guns now
I'm waiting til Monday but yeah long looks good, target 157-157.4 area
  • #9,054
  • Oct 4, 2013 7:26am Oct 4, 2013 7:26am
Quoting cheagil
didnt anyone notice the daily bullish divergence on gj....... load ur guns now
..
Hi cheagil....is that a MACD or RSI divergence...I'm curious...can't find it...thanks
  • #9,055
  • Oct 4, 2013 7:32am Oct 4, 2013 7:32am
Quoting Gbp/jpy
{quote} .. Hi cheagil....is that a MACD or RSI divergence...I'm curious...can't find it...thanks
hi Gbp/jpy..its rsi
  • #9,056
  • Oct 4, 2013 7:42am Oct 4, 2013 7:42am
ooops ac no.
here..
  • #9,057
  • Oct 4, 2013 7:49am Oct 4, 2013 7:49am
Attached Image (click to enlarge)
Click to Enlarge Name: gj10.png Size: 63 KB


ok.
  • #9,058
  • Oct 4, 2013 8:40am Oct 4, 2013 8:40am
Quoting cheagil
{image} ok.
i decide to take this trade now. long 156

what is that indicator on your chart that switches from green to red?
  • #9,059
  • Oct 4, 2013 8:50am Oct 4, 2013 8:50am
Quoting edindzeko
{quote} i decide to take this trade now. long 156 what is that indicator on your chart that switches from green to red?

its called kolier_supertrend. it helps for swing trader like me.
but i think it repaints.
google it.
  • #9,060
  • Oct 4, 2013 10:42am Oct 4, 2013 10:42am
Quoting alukojoshfx
Hello, Its so painful seeing the market moving as you predicted after getting my account burnt, now i know its not only patience but discipline alongside patience win the race. I entered a trade thinking i can outsmart the market without waiting for complete conditions to be met.
I am sorry to hear about your troubles, aluko. I am in a similar position to you, so I know exactly what you are going through. Just try to stay strong and push through it as I am (sometimes, it can be very, very, very, VERY hard but we must never give up). I think you (and hopefully me too) are almost there. I've been saying for a long time that trading is not about your level of intellect, it is simply a matter of patience, discipline, and conviction... and then actually doing and following your plan without any exceptions.

For example, I told myself GJ was going to sell off starting around 158.70 the other night, and even though I was right to the tee, when the time came to place the trade (it was late at night and I was getting tired and impatient), I started to doubt and question my initial reasoning which led to me not taking the trade -- it would have been a beautiful 250+ pips -- and I have been fighting a losing battle since then... all because of one stupid, silly mistake which I have now compounded into a mere disaster. So I know what you are talking about!

... Hang in there my friend, we will get through this together. Feel free to PM me if you'd like to talk
Please check out my blog at https://from-zero-to-hero . net
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