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Geppy's Geppy Thread (GBP/JPY)

  • #9,861
  • Dec 5, 2013 8:45pm Dec 5, 2013 8:45pm
Quoting Mpt
{quote} Yep, elliott waves et al are often fine but when you look at them they are really an implementation of many other factors all chucked in together and presented in pretty packaging. And, of course, when you refer to waves, you just know that peoples' eyes will start to roll. That's why I thought that basic mathematics and a fibonacci relationship might be more acceptable - especially in this case. FYI, any eventual sustained break much over about 170 takes it to the next step which is (1650 x 3.618) + 125.6 =177.5. Just by sheer coincidence...
good reading for thought...the elliott wavers out there have the JPY pairs going back up to where they fell from almost......"B"....the "C" down to 101 for UJ,



In the major A B C correction following wave 5


ETA...the target was 101.59 for the start of "B".....the UJ hit 2 pips away....
  • #9,862
  • Dec 5, 2013 9:00pm Dec 5, 2013 9:00pm
Quoting Gbp/jpy
{quote} good reading for thought...the elliott wavers out there have the JPY pairs going back up to where they fell from almost......"B"....the "C" down to 101 for UJ, In the major A B C correction following wave 5 ETA...the target was 101.59 for the start of "B".....the UJ hit 2 pips away....
The thing is that if UJ drops down too far, it may still be in a correction. I'm talking pennant, larger triangle or similar. Only if it gets over its top does it confirm as impulsive. In my opinion, anyway.

Another possible target for GJ if it drops again could be 165.4 (a wave 169.1/167.3, b wave 167.3/168.4, c wave a x 1.618 = 165.4 ish)
  • #9,863
  • Dec 5, 2013 9:30pm Dec 5, 2013 9:30pm
Quoting Gbp/jpy
{quote} I'm surprised to hear that....blasted....if someone blasted...they must have been friggin rookies, sounds about right. I follow your posts religiously....and I was given a system that kicks azz. Your math and long term view is good input. But the policy change was huge news...I should tell it exactly and traders would perk their ears up....but I'm too old to remember how to put it ...ECB....policy on Japans swap interest protocol or such talk as that Yep....they announced that they were changing it back to how it was from 2002 till 2007.....uuuuhh.....huh!!...
I once told him a similar thing that his analysis are distinct and mostly accurate.
  • #9,864
  • Dec 5, 2013 9:44pm Dec 5, 2013 9:44pm
Quoting Nobleactor
{quote} I once told him a similar thing that his analysis are distinct and mostly accurate.
I remember that
  • #9,865
  • Dec 6, 2013 2:13am Dec 6, 2013 2:13am
so it's confirmed the bottom is 164/165 yet?
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  • #9,866
  • Dec 6, 2013 2:32am Dec 6, 2013 2:32am
i see gbp/jpy on 107.00
look at this hidden divergance.
Attached Image (click to enlarge)
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  • #9,867
  • Dec 6, 2013 2:38am Dec 6, 2013 2:38am
Quoting ud1nh0
so it's confirmed the bottom is 164/165 yet?
If it can get and hold over about 167.5, it's good for the top. Otherwise, it may yet fall back
  • #9,868
  • Dec 6, 2013 7:46am Dec 6, 2013 7:46am
looks like US economy is recovering... USDJPY pushing GBPJPY back up.
  • #9,869
  • Dec 6, 2013 1:49pm Dec 6, 2013 1:49pm
Hi

Way to quiet in here

its getting up again 168.2

anybody trading to 170

Long any way to 170 TP

Had a pit stop but not sure now:nerd:
  • #9,870
  • Dec 6, 2013 3:33pm Dec 6, 2013 3:33pm
Quoting eliteincome
Hi Way to quiet in here its getting up again 168.2 anybody trading to 170 Long any way to 170 TP Had a pit stop but not sure now:nerd:
i would stick with it...next stop is the 180 to 181 area in my view
  • #9,871
  • Dec 6, 2013 4:22pm Dec 6, 2013 4:22pm
TP on the "B" wave....if it is over or something other than a "B".....I don't care...it was a battle really....my system had my stop get hit by 6 pips for one set of lot allocations. I had 102.67 for targets....102.99 should turn it down on the UJ....now I'm allowing for stronger intervention on Sunday....still heartbroken over those 1.4 lots that didn't go on up for the target.
...
ETA... target for that UJ is 101.27....GBP/JPY maybe 164.xx
  • #9,872
  • Dec 6, 2013 4:29pm Dec 6, 2013 4:29pm
Quoting Gbp/jpy
TP on the "B" wave....if it is over or something other than a "B".....I don't care...it was a battle really....my system had my stop get hit by 6 pips for one set of lot allocations. I had 102.67 for targets....102.99 should turn it down on the UJ....now I'm allowing for stronger intervention on Sunday....still heartbroken over those 1.4 lots that didn't go on up for the target. ... ETA... target for that UJ is 101.27....GBP/JPY maybe 164.xx

thanks for bringing my attention to the UJ......its a very bullish consolidation..in fact if it takes out the highs esp with a wide bar..its going to 120
  • #9,873
  • Edited 11:39pm Dec 6, 2013 8:48pm | Edited 11:39pm
Quoting Gbp/jpy
TP on the "B" wave....if it is over or something other than a "B".....I don't care...it was a battle really....my system had my stop get hit by 6 pips for one set of lot allocations. I had 102.67 for targets....102.99 should turn it down on the UJ....now I'm allowing for stronger intervention on Sunday....still heartbroken over those 1.4 lots that didn't go on up for the target. ... ETA... target for that UJ is 101.27....GBP/JPY maybe 164.xx
This up move out of 165.85 could still progress up, and after maybe only falling back a little to 167 ~ 167.2 it might yet make double top early next week.
  • #9,874
  • Dec 7, 2013 9:44am Dec 7, 2013 9:44am
Yes....I'm perkin on that information, after all....hail man...we're all~~ALL~~all of us medium term long....and beyond....
I remember some idgitt was posting 314.00 for target....150 UJ...
  • #9,875
  • Dec 7, 2013 11:14am Dec 7, 2013 11:14am
Quoting Gbp/jpy
Yes....I'm perkin on that information, after all....hail man...we're all~~ALL~~all of us medium term long....and beyond.... I remember some idgitt was posting 314.00 for target....150 UJ...
I guess there's somethin' about elliot waves that really TICKS me off (no pun intended!), I don't know what it is, but hey, I'll try to be nice and keep my feelings in check...

But maybe I am that "idiot" you are referring to, as I do genuinely think G/J is going back to 251 or beyond... And that G/U and U/J will naturally follow.

Give me evidence to the contrary and maybe I'll change my mind
Please check out my blog at https://from-zero-to-hero . net
  • #9,876
  • Dec 7, 2013 3:45pm Dec 7, 2013 3:45pm
Hello

New chart for me

Started off small trades

Bit confusing it was moving to 169 etc

then it took a dive in heart beat

Got longs from 168.2 to 170

Still it took quiet big dive

On close it crawled back again.

Thinking I will go easy on this chart

until I can work out what is going on.
  • #9,877
  • Dec 7, 2013 4:59pm Dec 7, 2013 4:59pm
Quoting smash1820
{quote} I guess there's somethin' about elliot waves that really TICKS me off (no pun intended!), I don't know what it is, but hey, I'll try to be nice and keep my feelings in check... But maybe I am that "idiot" you are referring to, as I do genuinely think G/J is going back to 251 or beyond... And that G/U and U/J will naturally follow. Give me evidence to the contrary and maybe I'll change my mind

I agree that GJ will surge WAY higher. However, I don't think it's going to be a case of GJ going up and GU/UJ following. I think it's going to be a case of UJ going way higher, and GJ/EJ following.

GU is a hit or miss. May go much higher, may stay sideways and go lower.
  • #9,878
  • Edited 11:42pm Dec 7, 2013 9:43pm | Edited 11:42pm
Never heard of this turning up in forex before, but it's still a good one.

I guess if the Fibonacci relationship is so prevalent, maybe there's no reason why another "magic" number might not get a gig sometimes as well. Here goes ...



Height of first move 116.837 ~ 133.49 = 1665.3 pips

Height of total move so far 116.837 ~ 169.138 = 5230.1 pips

Height of total move to date, divided by height of first move = 5230.1 / 1665.3 = 3.14 = pi

Being as precise as possible, 1665.3 * 3.14159265359 = 5231.7 pips



But to be honest, only if GJ drops out of 163 and then 160 does this become a truely magic number.
  • #9,879
  • Dec 8, 2013 12:06am Dec 8, 2013 12:06am
Quoting Mpt
Never heard of this turning up in forex before, but it's still a good one. I guess if the Fibonacci relationship is so prevalent, maybe there's no reason why another "magic" number might not get a gig sometimes as well. Here goes ... Height of first move 116.837 ~ 133.49 = 1665.3 pips Height of total move so far 116.837 ~ 169.138 = 5230.1 pips Height of total move to date, divided by height of first move = 5230.1 / 1665.3 = 3.14 = pi Being as precise as possible, 1665.3 * 3.14159265359 = 5231.7 pips But to be honest, only if GJ drops out of 163...
Cool....Pi has rights, too....I was thinking about this today....what drives the public mind...? How the ratios work....
  • #9,880
  • Dec 8, 2013 1:34am Dec 8, 2013 1:34am
Quoting Gbp/jpy
{quote} Cool....Pi has rights, too....I was thinking about this today....what drives the public mind...? How the ratios work....
Don't know if I would necessarily base a business decision on it, but the confluence of that particular relationship, along with the daily 100 sma at 168.2, another "distance traveled multiplier" at 168.4/5 and the fib 38.2 sitting also at 168.1/2 are probably all manifestations of the "high resistance around here" sign post.

I suspect that if nothing else, we may sit in this general area for a while.
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