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Geppy's Geppy Thread (GBP/JPY)

  • #9,461
  • Nov 19, 2013 7:28pm Nov 19, 2013 7:28pm
thats more like it CK87
  • #9,462
  • Nov 19, 2013 7:29pm Nov 19, 2013 7:29pm
guys, what are your thoughts on the upcoming mpc asset purchase facility? I do think that gbp will be bullish
  • #9,463
  • Nov 19, 2013 7:48pm Nov 19, 2013 7:48pm
Looking for 160.65 some time tonight on GJ.... but my targets are never hit so go long if we're close to that ha
  • #9,464
  • Nov 19, 2013 7:51pm Nov 19, 2013 7:51pm
Quoting Ck87
Looking for 160.65 some time tonight on GJ.... but my targets are never hit so go long if we're close to that ha

I am looking at the same target, but I suspect 159.9 is quite posible as well this week...
  • #9,465
  • Edited 8:04pm Nov 19, 2013 7:51pm | Edited 8:04pm
If it falls out of 161 area support, the weekly pivot at 160.3 may hold it. Below that, it's probably 159.3. or 159.8/9
  • #9,466
  • Nov 19, 2013 7:52pm Nov 19, 2013 7:52pm
There's no way I have the patience to wait A YEAR, yet alone a month.

Not to mention a day, either. LOL.

Now how am I supposed to change that?!
Please check out my blog at https://from-zero-to-hero . net
  • #9,467
  • Nov 19, 2013 7:55pm Nov 19, 2013 7:55pm
Quoting smash1820
There's no way I have the patience to wait A YEAR, yet alone a month. Not to mention a day, either. LOL. Now how am I supposed to change that?!

Maybe practice doing it with very small positions
  • #9,468
  • Nov 19, 2013 7:59pm Nov 19, 2013 7:59pm
We need USD/JPY to break 99.98 CPP to get there though. Afraid that might not happen till much later...

If it even does


GU can always cash though hehe
  • #9,469
  • Nov 19, 2013 8:01pm Nov 19, 2013 8:01pm
Quoting Ck87
Maybe practice doing it with very small positions
HAHA, you might be right. I wasn't expecting such a logical response, but I guess that makes sense.

It's just... I don't really have the patience for anything, these days...

I think that's really my problem.
Please check out my blog at https://from-zero-to-hero . net
  • #9,470
  • Edited 8:47pm Nov 19, 2013 8:24pm | Edited 8:47pm
Hope price goes back up now, looking for a re-entry.

Hate giving back profits to the market. Most probably going to regret it as it will probably just go down and not give me a chance to get back in

I'm so good at getting out when I shouldn't and staying in when I shouldn't , it's depressing, should be an indicator that price will go down now.

Swear it's at least 80-90% of the time... price definitely gonna go lower because i got out.
  • #9,471
  • Nov 19, 2013 10:43pm Nov 19, 2013 10:43pm
short 161.24 tp 160.4 double top and GU will going down.
  • #9,472
  • Nov 19, 2013 10:46pm Nov 19, 2013 10:46pm
i try to focus on round numbers...in this case..159,160,161....so far the 161 has held which is positive....one thing i noticed is that 159 did not get a retest...usually an important level will get a retest....thats why short term i have a funny feeling that will come to fruition....
  • #9,473
  • Nov 20, 2013 8:48am Nov 20, 2013 8:48am
Looking at the 1h chart, most probably see this as a triple top and a selling opportunity.

Not me.

I think it's only a matter of time before we break higher and run for a good while. The first failure at 161.75ish saw rejection down to below 160.45, the second failure showed rejection down to only just above 161.00. Now at our third attempt, the drops (so far) are pretty minimal and they seem to be getting bought up quickly. Furthermore, the third test came quite quickly after the second compared the amount of time between the first rejection and second attempt.

In my opinion, this is classical consolidation before continuation of the previous move. I'm long and ready to hold on for a bit. I'm not sure where we'll go from here (assuming that I'm right), but there's a monthly fib retracement (38.2%) in the low 168s. There's also the obvious cluster of resistance in the low 163s, but I have a feeling that if we break higher, we're going to slice right through that.

Here's to patience and waiting
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  • #9,474
  • Nov 20, 2013 9:20am Nov 20, 2013 9:20am
GU down little bit as nikkei and ej do the same. so added short.161.53 good luck
  • #9,475
  • Nov 20, 2013 9:21am Nov 20, 2013 9:21am
so if go to below 160.45 again means confirmation of downward move rite?
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  • #9,476
  • Nov 20, 2013 9:54am Nov 20, 2013 9:54am
Quoting Geppy
Looking at the 1h chart, most probably see this as a triple top and a selling opportunity. Not me. I think it's only a matter of time before we break higher and run for a good while. The first failure at 161.75ish saw rejection down to below 160.45, the second failure showed rejection down to only just above 161.00. Now at our third attempt, the drops (so far) are pretty minimal and they seem to be getting bought up quickly. Furthermore, the third test came quite quickly after the second compared the amount of time between the first rejection and...
...
Yep, a run through a bunch of pips without even slowing down....like it does every time in the 126"s.....it always cuts from 126.00 straight to 131.00 without a blink. That's what I told my client when they got antsy at 127.xx I told them we won't even remember the 127's or 128's in a week or so.
So sitting here 200 pips under the 163.xx high means we reverse or blast through to 171.00....from right here where we are. Maybe we won't even remember the 160's
  • #9,477
  • Nov 20, 2013 10:17am Nov 20, 2013 10:17am
high change of a breakout past 162
  • #9,478
  • Nov 20, 2013 1:33pm Nov 20, 2013 1:33pm
I wonder if price is going to hoover around 20 EMA on 4H chart again. If so then price might test lower trendline... We'll see...
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  • #9,479
  • Nov 20, 2013 2:17pm Nov 20, 2013 2:17pm
I am following this thread for quite long time ! Geppy is always against the crowd , and unfortunately he is ALWAYS right !
  • #9,480
  • Nov 20, 2013 2:42pm Nov 20, 2013 2:42pm
Quoting netera
I am following this thread for quite long time ! Geppy is always against the crowd , and unfortunately he is ALWAYS right !

I respect all traders, but the only thing that is always right in this business is the chart itself For the time being 161 area holding as a resistance...
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