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Geppy's Geppy Thread (GBP/JPY)

  • #9,901
  • Dec 9, 2013 11:18pm Dec 9, 2013 11:18pm
............ .............
Have break the 170, Moving toward 180.
Face both Win and Lose bravely
  • #9,902
  • Dec 9, 2013 11:23pm Dec 9, 2013 11:23pm
Quoting Cowboy11
............ ............. Have break the 170, Moving toward 180.
I disagree..moving back to 162 now ..
  • #9,903
  • Edited 11:40pm Dec 9, 2013 11:27pm | Edited 11:40pm
Beware of the chinese fundamentals

GBP Fundamentals later, they look Bullish i must say... Long GBPJPY (With the current trend)
DON'T TRADE THE DIRECTION, TRADE THE MOVE
  • #9,904
  • Edited 11:39pm Dec 9, 2013 11:28pm | Edited 11:39pm
Yep, they drove it right up and crashed into to 170 and a half. my system has a sell there.....stop @ .18
  • #9,905
  • Dec 9, 2013 11:33pm Dec 9, 2013 11:33pm
Daily chart divergence, I believe price will move towards south again.
  • #9,906
  • Dec 10, 2013 12:42am Dec 10, 2013 12:42am
170 was the fib 1.27 of the move 168.14~ 165.8. Whilst there's a first time for everything, I have NEVER seen GJ drop out of that fib extension level. Pause yes, small/moderate drop/rise yes. Collapse - no.

It normally halts at the 1.38 and will often drop at the 1.61.
  • #9,907
  • Dec 10, 2013 12:58am Dec 10, 2013 12:58am
Hello GBP/JPY

New here got longs only small to 172

Reading your posts

You thinking retrace:nerd:
  • #9,908
  • Dec 10, 2013 1:45am Dec 10, 2013 1:45am
If we make 2 assumptions, that gbp/usd by year end will be 1.66, UJ will be at 105...so 1.66 x 1.05 = 1.743...so maybe that's where we should look for some meaningful stop...or it could just keep going to 180 (unlikely)

what do u think (anyone) ?
  • #9,909
  • Dec 10, 2013 1:55am Dec 10, 2013 1:55am
There are large option expirations today in USD/JPY at 103.10 and 103.50. That should keep the price action in the pair range bound between these levels during the London session. So G/J should take its cues from cable. A soft UK manufacturing production number at 9.30 London time might be the excuse the market needs to take a bit of profit after cable broke out to multi year highs overnight.....
  • #9,910
  • Dec 10, 2013 1:55am Dec 10, 2013 1:55am
we have hidden divergence on most of the time frames for geppy suggesting a down move, add to that most of the crowd are now long! it seems like the perfect place to drop it, and drop it hard

not taking a position here for the time being, just watching and looking for the short entry to be triggered.

all the best
  • #9,911
  • Dec 10, 2013 2:13am Dec 10, 2013 2:13am
Quoting fxmasterdxb
we have hidden divergence on most of the time frames for geppy suggesting a down move, add to that most of the crowd are now long! it seems like the perfect place to drop it, and drop it hard not taking a position here for the time being, just watching and looking for the short entry to be triggered. all the best
trust me it wasnt me who moved the market 60 pips down lol

as if someone read my comment and reacted immediately
  • #9,912
  • Dec 10, 2013 2:18am Dec 10, 2013 2:18am
Quoting fxmasterdxb
we have hidden divergence on most of the time frames for geppy suggesting a down move, add to that most of the crowd are now long! it seems like the perfect place to drop it, and drop it hard not taking a position here for the time being, just watching and looking for the short entry to be triggered. all the best

h4 no div boss. h1 yes
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,913
  • Dec 10, 2013 2:25am Dec 10, 2013 2:25am
Quoting ud1nh0
{quote} h4 no div boss. h1 yes
what about daily & weekly? like what i said previously, most of the time frames not all of them
  • #9,914
  • Dec 10, 2013 2:40am Dec 10, 2013 2:40am
Quoting fxmasterdxb
{quote} what about daily & weekly? like what i said previously, most of the time frames not all of them

daily possible, weekly not seen, m30 yes
taken out 169.464 low
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,915
  • Dec 10, 2013 2:49am Dec 10, 2013 2:49am
i expect it to pause a little either here or on 169.20/10 waiting for GBP news, well if turns out to be bad for UK economy then next destination should be around 168.40

let's see!
  • #9,916
  • Dec 10, 2013 8:32am Dec 10, 2013 8:32am
Yep, a down move ...that signal was only the left-over third level of a short term 7 pm in New York trade....that only gets 11 pips on it's first layer.....I have to be sitting on my hands at 11 am New York....so I left 17% running..
  • #9,917
  • Dec 10, 2013 10:31am Dec 10, 2013 10:31am
30mins until 4hr close-my broker time, bulls want to see close above 169.110
  • #9,918
  • Dec 10, 2013 10:38am Dec 10, 2013 10:38am
well i moved my stop up and i got taken out....nice run while it lasted....up 5 weeks in a row...it is bound to correct ..i will sit on my hands until another entry comes by..still think its going higher...
  • #9,919
  • Dec 10, 2013 10:50am Dec 10, 2013 10:50am
Quoting ninner
well i moved my stop up and i got taken out....nice run while it lasted....up 5 weeks in a row...it is bound to correct ..i will sit on my hands until another entry comes by..still think its going higher...

me too. historical 165 is strong. funda jpn too.
if nikkei down would yen pairs all down?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,920
  • Dec 10, 2013 3:55pm Dec 10, 2013 3:55pm
Two 4HR hammers looking good to re-enter long, would like to see it close above 169.15 on a 15M chart for an entry
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