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Geppy's Geppy Thread (GBP/JPY)

  • #9,641
  • Edited 7:49pm Nov 25, 2013 4:40pm | Edited 7:49pm
Quoting khol_hands
{quote} my short still alive.
GJ 160-165
EJ 132-137
UJ 97-101
AV 450 PIPS:nerd:
  • #9,642
  • Nov 26, 2013 6:52am Nov 26, 2013 6:52am
Hi,
I decided to short this pair. Look at the H4 chart - what do you think ? my TP is 163.45

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.png Size: 30 KB
  • #9,643
  • Nov 26, 2013 11:28am Nov 26, 2013 11:28am
Anybody else thinking today low was some profit taking, and next stoop is 168? I wonder if it will cut thru that fib level
  • #9,644
  • Nov 26, 2013 11:32am Nov 26, 2013 11:32am
Quoting trader luke
Hi, I decided to short this pair. Look at the H4 chart - what do you think ? my TP is 163.45 cheers{image}
ya i did the same thing, short the 4H chart. but G/J is being such a bitch. sorry but i am mad been trading like a S.O.B.

i'm guessing the trade won't work out now that i'm in it. it actually looks like a consolidation/basing pattern on the 1H.

but what the F. maybe i just don't have the patience for trading
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  • #9,645
  • Nov 26, 2013 11:39am Nov 26, 2013 11:39am
looks like 4H stoch may do a full oscillation, so the 1H basing pattern should prove to be bullish. go f'ing figure.
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  • #9,646
  • Nov 26, 2013 11:40am Nov 26, 2013 11:40am
i'm about ready to give up, so sick of this shit
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  • #9,647
  • Nov 26, 2013 11:51am Nov 26, 2013 11:51am
Quoting smash1820
i'm about ready to give up, so sick of this shit
well, I'm still patiently waiting for it to drop..
  • #9,648
  • Nov 26, 2013 1:47pm Nov 26, 2013 1:47pm
Quoting smash1820
looks like 4H stoch may do a full oscillation, so the 1H basing pattern should prove to be bullish. go f'ing figure.
of course, writing this post just made me think of something... i'm going to program it into the EA now. its crazy how good stochs can be.

but i need to get back to focusing on my favorite pair, Geppy! i forgot all of the reasons why i love it (and sometimes hate it) so much.

i think im just mad because i missed out on the big move. from 156'ish to current levels somewhere around 165. what a monster move, i wasn't expecting it to come so quickly, although i did know that it was coming. that is why i get so angry. ughhhhhhh!

also missed the move from 140+ i kinda started to focus on Geppy around the day that BoJ statement came out, and so i've found myself in a sort of guilt and misery trap that i can't get out of (because i haven't traded that well ever since that date). and so much personal sh** has happened to me lately i can hardly stand it, and it makes trading well that much harder. and my focus on ultra-short time frames like 1M and 5M or even 15M is just too much noise and i'm starting to think its not even worth it.
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  • #9,649
  • Nov 26, 2013 3:44pm Nov 26, 2013 3:44pm
Quoting smash1820
{quote} of course, writing this post just made me think of something... i'm going to program it into the EA now. its crazy how good stochs can be. but i need to get back to focusing on my favorite pair, Geppy! i forgot all of the reasons why i love it (and sometimes hate it) so much. i think im just mad because i missed out on the big move. from 156'ish to current levels somewhere around 165. what a monster move, i wasn't expecting it to come so quickly, although i did know that it was coming. that is why i get so angry. ughhhhhhh! also missed...
Nopestick around here Smash....now that 15M is a good chart....I use it for short term and try to figure a medium term but, haven't yet....
and we can't hold trades for 6 months due to the tax....
  • #9,650
  • Nov 26, 2013 4:56pm Nov 26, 2013 4:56pm
Under any normal situation, with any " normal pair" I would say it's getting ready to be very bearish. BUT if the correction already finished with the fall to 163.6, then it's still possible for it to now rise over 164.3 and back towards the top. If any fall from there stops above 164.3, then that initial move up could just have been the first move in a new trend.

On the other hand, a fall now below 163.6 would support the argument that it's in the early stages of a bearish reversal.
  • #9,651
  • Nov 26, 2013 5:34pm Nov 26, 2013 5:34pm
Quoting Mpt
Under any normal situation, with any " normal pair" I would say it's getting ready to be very bearish. BUT if the correction already finished with the fall to 163.6, then it's still possible for it to now rise over 164.3 and back towards the top. If any fall from there stops above 164.3, then that initial move up could just have been the first move in a new trend. On the other hand, a fall now below 163.6 would support the argument that it's in the early stages of a bearish reversal.
With tapering unlikely in December, jan/feb debt ceiling issues so tapering questionable...do u not see gbp/usd breaking past 1.63 area...it could form a triple top there, but a break to 1.65 doesn't change anything fundamentally...add to that yen weakness long term ESP as inflation still not picking up...y shouldn't gbp/yen go to 1.68/1.71...bearish on this pair is from yen strength (nikkei flows but stock market is still rocketing) or pound weakness (eventual) but not there yet...

so any reason for bearish reversal?
  • #9,652
  • Nov 26, 2013 6:14pm Nov 26, 2013 6:14pm
What I like about this pair is that it "mostly" moves to the opposite direction of "Common" traders expectations.
"Everyone wants to go to Heaven, but no one wants to die."
  • #9,653
  • Nov 26, 2013 6:53pm Nov 26, 2013 6:53pm
Quoting monkey@forex
{quote} With tapering unlikely in December, jan/feb debt ceiling issues so tapering questionable...do u not see gbp/usd breaking past 1.63 area...it could form a triple top there, but a break to 1.65 doesn't change anything fundamentally...add to that yen weakness long term ESP as inflation still not picking up...y shouldn't gbp/yen go to 1.68/1.71...bearish on this pair is from yen strength (nikkei flows but stock market is still rocketing) or pound weakness (eventual) but not there yet... so any reason for bearish reversal?
Well, firstly, we aren't trading UJ or GU. Whatever they do and wherever they top or bottom does not mean that GJ has topped or bottomed.

I simply raise two alternatives.

If the 164 level goes and it falls below 163.6, the next support is around 163 or a little below. From there, we would probably see an exhaustive move back to near the top before it then maybe drops out of 161.7 support.

If 164.4 resistance area breaks, it would move back to the top, probably only dropping back to 164 support before continuing up. But even then, it would still have to hold 164 on a fall back to remain bullish.
  • #9,654
  • Nov 26, 2013 8:04pm Nov 26, 2013 8:04pm
NIKKEI15,470.30-44.98-0.29%
HANG SENG23,686.204.950.02%
S&P/ASX 2005,341.80-15.21-0.28%
  • #9,655
  • Nov 26, 2013 8:19pm Nov 26, 2013 8:19pm
smash you have to be patient
  • #9,656
  • Nov 26, 2013 8:23pm Nov 26, 2013 8:23pm
i will say if it gets inside 163 it could fall to 161...so one could play the counter trend move if that happaned
  • #9,657
  • Nov 26, 2013 8:32pm Nov 26, 2013 8:32pm
Quoting ninner
i will say if it gets inside 163 it could fall to 161...so one could play the counter trend move if that happaned
im actually the opposite if it gets to 165 it will drop to 158. first time trading this cross, so...
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #9,658
  • Nov 26, 2013 8:43pm Nov 26, 2013 8:43pm
Quoting 110101
{quote} im actually the opposite if it gets to 165 it will drop to 158. first time trading this cross, so...

doesnt matter we just have different methodologies...this works for me and if yours work for you..thats awesome..just trade your plan
  • #9,659
  • Nov 26, 2013 9:06pm Nov 26, 2013 9:06pm
Quoting smash1820
{quote} of course, writing this post just made me think of something... i'm going to program it into the EA now. its crazy how good stochs can be. but i need to get back to focusing on my favorite pair, Geppy! i forgot all of the reasons why i love it (and sometimes hate it) so much. i think im just mad because i missed out on the big move. from 156'ish to current levels somewhere around 165. what a monster move, i wasn't expecting it to come so quickly, although i did know that it was coming. that is why i get so angry. ughhhhhhh! also missed...

It's not worth it. Focus on H1 H4 D1 AND W1 like you focus on 1m 5m 15m and you will be in a lot better spot.
  • #9,660
  • Nov 27, 2013 3:07am Nov 27, 2013 3:07am
Quoting Cowboy11
Still long and don't see the ceiling yet atm. 170~180.
Can accumulate...........
Face both Win and Lose bravely
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