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Geppy's Geppy Thread (GBP/JPY)

  • #9,681
  • Nov 28, 2013 12:01am Nov 28, 2013 12:01am
One thing which can bring a bit of fear in bulls is the fact that Nikkie 225 is trading at the monthly resistance extending from the great fall. It has created several lower highs and lower lows and it has almost completed it's lower high now.. I think 16,300 figure would be just nice. After which it might be back to create one more lower low... just check the monthly nikkie 225 chart..
  • #9,682
  • Nov 28, 2013 12:11am Nov 28, 2013 12:11am
Quoting khol_hands
like or not its gonna bearish candle today. RSI (14) overbought on H4 and D1. {image} {image}
This bastard been overbought since 163 but keep going F@#*&ing up!!!
"Everyone wants to go to Heaven, but no one wants to die."
  • #9,683
  • Nov 28, 2013 12:12am Nov 28, 2013 12:12am
Quoting veer2010
{quote} When GBP is moving so strong.. RSI and other indicators doesn't really help.. it's a calculative move so I doubt your RSI can stop this move.. :-)
h1 maybe but h4 and daily she never lie
  • #9,684
  • Nov 28, 2013 12:29am Nov 28, 2013 12:29am
Quoting khol_hands
{quote} h1 maybe but h4 and daily she never lie
I would hedging part two (buy stop) if GU break this level 6325
  • #9,685
  • Nov 28, 2013 12:37am Nov 28, 2013 12:37am
Looking at monthly I would say we reached the top, if this goes further up, then it has a lot of potential...
  • #9,686
  • Nov 28, 2013 12:37am Nov 28, 2013 12:37am
Quoting khol_hands
{quote} I would hedging part two (buy stop) if GU break this level 6325
if she doesn't break the next level is 162 or 160 and gu 59xx like the others thinking
  • #9,687
  • Nov 28, 2013 12:59am Nov 28, 2013 12:59am
A few more pips up and it will accelerate away.
  • #9,688
  • Nov 28, 2013 1:04am Nov 28, 2013 1:04am
But even in a retrace, I hardly expect much below 165.6
  • #9,689
  • Nov 28, 2013 1:07am Nov 28, 2013 1:07am
Quoting Mpt
A few more pips up and it will accelerate away.

Thats my view. Whether its the top or it gona blow up again. I would say down would be limited to164.8 area..
  • #9,690
  • Nov 28, 2013 1:53am Nov 28, 2013 1:53am
Quoting IndigoPingvi
{quote} Thats my view. Whether its the top or it gona blow up again. I would say down would be limited to164.8 area..
It's definitely moving up this resistance line that I mentioned and it appears as a wedge but it yet get up further. It may then fall, or it may still spike up and break the resistance. Sometimes what appears as a wedge is just a means of very slowly breaking through resistance. If that happens, 168 will not hold and it will travel to its destination, which I suspect is in the high 170s
  • #9,691
  • Nov 28, 2013 2:02am Nov 28, 2013 2:02am
and it broke
  • #9,692
  • Nov 28, 2013 2:06am Nov 28, 2013 2:06am
Told ya all.. it is going to hit 170 in another 2 weeks or less.
  • #9,693
  • Nov 28, 2013 2:15am Nov 28, 2013 2:15am
That thing exploded out of the gate!
  • #9,694
  • Nov 28, 2013 2:23am Nov 28, 2013 2:23am
It might not stop there, monthly trendline would suggest 175-181 area by the end of December...
  • #9,695
  • Nov 28, 2013 2:27am Nov 28, 2013 2:27am
Quoting IndigoPingvi
It might not stop there, monthly trendline would suggest 175-181 area by the end of December...
Do you think market moves vertical? no way it can reach 181 or even 175 by end of december. I can agree if you say it will reach 172 by end of december..
  • #9,696
  • Nov 28, 2013 2:54am Nov 28, 2013 2:54am
Quoting veer2010
{quote} Do you think market moves vertical? no way it can reach 181 or even 175 by end of december. I can agree if you say it will reach 172 by end of december..
It moved vertically down several times in the past, monthly bars between 1000-1500 pips, why wouldn't it move vertically up? Gravity? It is true that some Japanese officials stated that they don't want yen to weak and are afraid of momentum, but once you get such momentum...
Since price started climbing up I just can't see such persistent momentum as it was in the last 4 weeks...
  • #9,697
  • Nov 28, 2013 2:58am Nov 28, 2013 2:58am
If it does stop here and falls back a little, the resistance could have held. I will post a chart in the next day or so that it somewhat creative, but after three f-ing years with this thing may actually tell the truth for once. And its one that I don't think many so called analysts have considered.

Essentially, it may achieve its initial target in five moves. Most people have considered this to be the final or fifth up-move - one that will extend a long way. But this move up from 147 may only be the third wave - with the very first beginning at 138. When this thing got over 166, it became the longest wave - and the most impulsive. Wave three will complete when its finished, and at 167 or 167.2 ish it MAY be completing the second to last move in this trend, with completion at around 168.

Folks may still get their high 170s, 180s or 190s, but not in a straight line.


Edit it did stop there and fell back.
  • #9,698
  • Nov 28, 2013 3:11am Nov 28, 2013 3:11am
Quoting Mpt
Edit it did stop there and fell back.
166.425 is dynamic pivot currently... should brake or bounce.
  • #9,699
  • Nov 28, 2013 3:11am Nov 28, 2013 3:11am
Quoting Mpt
If it does stop here and falls back a little, the resistance could have held. I will post a chart in the next day or so that it somewhat creative, but after three f-ing years with this thing may actually tell the truth for once. And its one that I don't think many so called analysts have considered. Essentially, it may achieve its initial target in five moves. Most people have considered this to be the final or fifth up-move - one that will extend a long way. But this move up from 147 may only be the third wave - with the very first beginning at...
So from 168, maybe an ABC correction followed by the next 1000 pip move up? What's your target mpt, short term u say 168, what's ur midterm n long term target, and over what period of time? If u don't mind answering
  • #9,700
  • Nov 28, 2013 3:14am Nov 28, 2013 3:14am
Quoting IndigoPingvi
{quote} It moved vertically down several times in the past, monthly bars between 1000-1500 pips, why wouldn't it move vertically up? Gravity? It is true that some Japanese officials stated that they don't want yen to weak and are afraid of momentum, but once you get such momentum... Since price started climbing up I just can't see such persistent momentum as it was in the last 4 weeks...
precisely.. the bull steam need to take a break and thats why I said 181 is impossible.. 172 is still a possibility. if you see 225 or so was the price when the great fall took place.. And not to forget that around that time was the economy was in boom (forget about housing market here).. so, if bulls want to take the price back to that area, the economy should support that view.. which is not true in this case.. the central govt rate at that time was way too high too.. so without raising rates, I do not see that it will go pass 180.
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