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Geppy's Geppy Thread (GBP/JPY)

  • #9,361
  • Nov 10, 2013 5:18am Nov 10, 2013 5:18am
Quoting shellsnail
{quote} I think GBP/JPY has one more high to go, but that's only because JPY weakness might get overwhelming. But who knows, see what the market does next week.
Yes, GJ probably has one more high into 161.5/163, but it may be a little while longer. Bear in mind, though, that an eventual break OVER about 163.5/164 would take it much higher. It's a waiting game and we may yet see it trading lower ... but below 154.6 it becomes questionable and below 154.1/2 it's all over. It's a typical triangle/range trade thing wherein it's not a sure thing until it breaks out.

Best wishes
  • #9,362
  • Nov 10, 2013 1:01pm Nov 10, 2013 1:01pm
imo...these waves keep subdividing....and we are still in primary wave 1...wave 3 subdivided and wave 5 has also subdivded...which is quite common
  • #9,363
  • Nov 10, 2013 3:44pm Nov 10, 2013 3:44pm
Clear divergence on weekly chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.weekly.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,364
  • Nov 10, 2013 3:48pm Nov 10, 2013 3:48pm
Quoting Davit
Clear divergence on weekly chart {image}

nice observation....st its going lower...longer term ...going alot higher.....
  • #9,365
  • Nov 10, 2013 9:03pm Nov 10, 2013 9:03pm
You guys know what they say....huh!....if we aren't sure what wave we're in.....it's probably a wave four.....
  • #9,366
  • Edited Nov 11, 2013 3:35pm Nov 10, 2013 9:24pm | Edited Nov 11, 2013 3:35pm
Quoting Davit
Clear divergence on weekly chart {image}
Thanks.....I needed that.... I had no idea!! and that's a huge divergence... plus the weekly chart takes presidence, and has wonderful candle patterns all it's own.....
  • #9,367
  • Nov 10, 2013 9:35pm Nov 10, 2013 9:35pm
Quoting Gbp/jpy
{quote} Thanks.....I needed that I had no idea and that's a huge divergence... plus the weekly rules.

Watch keenly GU
If it breaks 1.60 and going to 59 I anticipate drop of GJ as well.
Limit shorts at 1.59 and 1.5950
Regards
In trading, you have to be defensive and aggressive at the same time
  • #9,368
  • Nov 10, 2013 9:45pm Nov 10, 2013 9:45pm
Quoting Davit
{quote} Watch keenly GU If it breaks 1.60 and going to 59 I anticipate drop of GJ as well. Limit shorts at 1.59 and 1.5950 Regards

davit why are you trying to sell at the bottom. I think this is just a small correction in upward looking channel towards 1.65-1.66

edit: talking abt gbp/usd
  • #9,369
  • Edited 10:56pm Nov 10, 2013 10:46pm | Edited 10:56pm
Quoting giveachance
{quote} davit why are you trying to sell at the bottom. I think this is just a small correction in upward looking channel towards 1.65-1.66 edit: talking abt gbp/usd

Your perspective is somewhat misdirected.
Comparing past data 2008 or earlier is irrelevant in context of what British Pound is worth now.
In 2008 GU was traded at 2 dollar now its 4k pips lower.
So in context of Today's fundamentals I am selling from the Top or monthly Resistance..
Also depends your volatility target.If I am aiming 1.56 from 59 that's significant pips.Price can resume up trend again or continue go down.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpjpy.daily.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,370
  • Nov 11, 2013 7:18pm Nov 11, 2013 7:18pm
Quoting KillerWhale
And I'm long UJ so for me it's good.
Nice! I almost followed ya -- longing UJ that is. Yen crosses are off the hook! I was just long GJ, but of course I took profits too early, as usual.

That was a sick move in the last half hour.
Please check out my blog at https://from-zero-to-hero . net
  • #9,371
  • Nov 12, 2013 2:36am Nov 12, 2013 2:36am
the battle zone GU vs EJ
  • #9,372
  • Nov 12, 2013 2:38am Nov 12, 2013 2:38am
Quoting khol_hands
the battle zone GU vs EJ
nice scalping here
  • #9,373
  • Nov 12, 2013 2:39am Nov 12, 2013 2:39am
Quoting khol_hands
{quote} nice scalping here
short term down move is favorite
  • #9,374
  • Nov 12, 2013 2:58am Nov 12, 2013 2:58am
Quoting khol_hands
{quote} short term down move is favorite
but nikkei still goin up. so carefully
Attached Image (click to enlarge)
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  • #9,375
  • Nov 12, 2013 8:18pm Nov 12, 2013 8:18pm
up
  • #9,376
  • Nov 12, 2013 8:29pm Nov 12, 2013 8:29pm
Quoting Tiyaga
up
Line ball. It's in a continuation (up) or reversal pattern (down). Break below 158 tends to support the reversal argument
  • #9,377
  • Nov 12, 2013 9:24pm Nov 12, 2013 9:24pm
Quoting Mpt
{quote} Line ball. It's in a continuation (up) or reversal pattern (down). Break below 158 tends to support the reversal argument
160 isdefinate resistance but it hasnt broken down yet and is still hanging at the highs that isbullish until it doesnt.
  • #9,378
  • Nov 12, 2013 9:29pm Nov 12, 2013 9:29pm
targeting 200 EMA prior to GBP data
Attached Image (click to enlarge)
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When the facts change I change my mind, what do you do sir
  • #9,379
  • Nov 12, 2013 9:44pm Nov 12, 2013 9:44pm
bump
  • #9,380
  • Nov 12, 2013 10:09pm Nov 12, 2013 10:09pm
Quoting Tiyaga
up
long 158.06 tp 158.2
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