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Geppy's Geppy Thread (GBP/JPY)

  • #9,101
  • Oct 7, 2013 9:46pm Oct 7, 2013 9:46pm
I'm also leaning toward the bullish side. Its a pretty slow night so far though.
  • #9,102
  • Oct 7, 2013 9:47pm Oct 7, 2013 9:47pm
Quoting smash1820
I sure hope not! Way to change the topic of conversation, my friend... Anywho, you might want to rethink what you said... LOL. "If GJ can get back over 156.7/8, it might get back to 156 or 156.3 or 156.4." Last I checked, GJ has to go THROUGH 156.3/4 before it gets to 156.7/8. No offense, I just thought that was kind of funny, because you might as well say, "There is a 50% chance of it going up, and a 50% chance of it going down." Anyway, you know what my thoughts are on GJ... you might as well call me the...

I as well am perm bull on the yen crosses, but until the US shutdown and debt ceiling are resolved, I welcome the drops, no matter how far they go. In fact, the further these crosses fall, the more likely Japan's Abe will step in to weaken the yen further.
  • #9,103
  • Oct 7, 2013 10:00pm Oct 7, 2013 10:00pm
Quoting smash1820
{quote} I sure hope not! Way to change the topic of conversation, my friend... Anywho, you might want to rethink what you said... LOL. "If GJ can get back over 156.7/8, it might get back to 156 or 156.3 or 156.4." Last I checked, GJ has to go THROUGH 156.3/4 before it gets to 156.7/8. No offense, I just thought that was kind of funny, because you might as well say, "There is a 50% chance of it going up, and a 50% chance of it going down." Anyway, you know what my thoughts are on GJ... you might as well call me the...
Umm, you're right. It was a typo. I meant to say 155.7/8

And the other comment was directed at somebody else.

I am neither bullish nor bearish at the moment. If it falls below 154.6, then that opens up below 150 and quite likely below 147 at some time. If it gets back up over 157, then it will likely struggle up before a significant fall. But, I simply play it as comes. The only benefit to me in seeing it below 154.6 would be the small pleasure from the reactions of all those folks who blindly believed in and trusted all the TV talking heads, the group-think of people on Yen related forums/journals and a bunch of politicians in a far off country. The people who talked themselves into the proposition that Yen pairs will now only go up. So do I have a bias? Maybe not for trading but definitely for personal and morbid satisfaction.
  • #9,104
  • Oct 7, 2013 10:12pm Oct 7, 2013 10:12pm
do you see doble bottom H1??? but MA 30 doesn't confirm. london market will show direction.
bulls be patience!!!
  • #9,105
  • Oct 7, 2013 10:21pm Oct 7, 2013 10:21pm
Quoting Mpt
So do I have a bias? Maybe not for trading but definitely for personal and morbid satisfaction.
Hahahahhaa. I feel ya, my friend. Screw those CNBC criminals! LOLLLLLLL

Quoting supaH
I as well am perm bull on the yen crosses, but until the US shutdown and debt ceiling are resolved, I welcome the drops, no matter how far they go. In fact, the further these crosses fall, the more likely Japan's Abe will step in to weaken the yen further.
Point well taken. And a good point indeed!

I have just analyzed the market as well and feel it is best to stay out as of now. I don't usually do this (because I am so constantly tempted to trade), but I think it is for the better. I think the short-term bias is to the downside for the next few hours or so -- perhaps at least until Europe and London opens -- but after that I will look to be a buyer once again. Like Khol says!!
Please check out my blog at https://from-zero-to-hero . net
  • #9,106
  • Oct 7, 2013 10:33pm Oct 7, 2013 10:33pm
Quoting khol_hands
do you see doble bottom H1??? but MA 30 doesn't confirm. london market will show direction. bulls be patience!!!
Keep in mind moving average is a lagging indicator. So if you trade based off of that, you are going to get delayed signals.

Here is the double bottom you speak of:
Attached Image
Please check out my blog at https://from-zero-to-hero . net
  • #9,107
  • Oct 8, 2013 6:20am Oct 8, 2013 6:20am
Short Positions @ 156.25
Liquidity is short above 156.25
Adequate Liquidity waiting at lower prices.
Targets - see attachment
Low transaction volume today, stop tight.

Inserted Video
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ride2.jpg Size: 260 KB
Click to Enlarge Name: ride.jpg Size: 244 KB
  • #9,108
  • Oct 8, 2013 9:08am Oct 8, 2013 9:08am
i wonder how GBPJPY effect when SNB Chairman Jordan Speaks start same time London close
Mail: holygrailea (AT) gmail ( DOT ) com
  • #9,109
  • Edited 9:22pm Oct 8, 2013 8:04pm | Edited 9:22pm
long 156.21 tp1 156.55 (MA100 H1) tp2 156.91 short term. :nerd:
  • #9,110
  • Oct 9, 2013 3:39am Oct 9, 2013 3:39am
Quoting FX-Ray
Liquidity is short above 156.25 Adequate Liquidity waiting at lower prices.
There we go
  • #9,111
  • Oct 9, 2013 3:40am Oct 9, 2013 3:40am
Quoting khol_hands
long 156.21 tp1 156.55 (MA100 H1) tp2 156.91 short term. :nerd:
Hi,

This news hit your SL?
  • #9,112
  • Oct 9, 2013 4:43am Oct 9, 2013 4:43am
Quoting FX-Ray
Short Positions @ 156.25 Liquidity is short above 156.25 Adequate Liquidity waiting at lower prices. Targets - see attachment Low transaction volume today, stop tight. http://www.youtube.com/watch?v=ASBoAc_yGm0 {image} {image}

more of such charts please.. even better, how to make them?
A trade should be based on an assumption based on facts
  • #9,113
  • Oct 9, 2013 4:50am Oct 9, 2013 4:50am
It may not be quite 154.6 yet, but how dare Cable think it can break this line. Someone should give it a good spanking.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyweekly.png Size: 63 KB


I note that UJ has stopped a couple of pips short of 97.5. If it had gone there, it would have probably dropped back to about its bottom or so. The fact that it hasn't implies that it may have more downside. So it still has a possible chance to take out 95.9 and GJ 154.6 with it. I am giddy with anticipation.
  • #9,114
  • Oct 9, 2013 5:46am Oct 9, 2013 5:46am
Quoting gstup
{quote} Hi, This news hit your SL?
no sl my broker give me high leverage (1:1000). 155.45 its good support right now. according to daily tl must be bounce 156.91 before further down. hope you fine at all
  • #9,115
  • Oct 9, 2013 7:36am Oct 9, 2013 7:36am
Quoting khol_hands
{quote} no sl my broker give me high leverage (1:1000). 155.45 its good support right now. according to daily tl must be bounce 156.91 before further down. hope you fine at all

I hope you right. GL.
  • #9,116
  • Oct 9, 2013 7:43am Oct 9, 2013 7:43am
Quoting FX-Ray
Short Positions @ 156.25 Liquidity is short above 156.25 Adequate Liquidity waiting at lower prices. Targets - see attachment Low transaction volume today, stop tight. http://www.youtube.com/watch?v=ASBoAc_yGm0 {image} {image}
Wow these charts are incredible, how did you make them?
  • #9,117
  • Oct 9, 2013 8:35am Oct 9, 2013 8:35am
Quoting khol_hands
{quote} no sl my broker give me high leverage (1:1000). 155.45 its good support right now. according to daily tl must be bounce 156.91 before further down. hope you fine at all

155.45 looks like broke... very easily.
  • #9,118
  • Oct 9, 2013 9:30am Oct 9, 2013 9:30am
There is still room for more decline i think, maybe it will rally quite a bit and approach the trendline, I know there is a lot of debate over gaps but one is close to being closed and the other sits at 152. ish which would have to break the trendline to close it.

Be aware of the Uk interest rate decision tomorrow, we may get lower today then pull back tomorrow! who knows?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.png Size: 39 KB
  • #9,119
  • Oct 9, 2013 9:58am Oct 9, 2013 9:58am
Quoting gstup
{quote} 155.45 looks like broke... very easily.
154.6 next support. Im still hold till profit.
  • #9,120
  • Oct 9, 2013 10:01am Oct 9, 2013 10:01am
Quoting khol_hands
{quote} 154.6 next support. Im still hold till profit.
it fills the gap (shorter already take profit) . but next FOMC???
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