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Geppy's Geppy Thread (GBP/JPY)

  • #10,021
  • Dec 20, 2013 1:23am Dec 20, 2013 1:23am
45% Oanda retail are long after 400+ pip rally..
  • #10,022
  • Dec 20, 2013 5:52am Dec 20, 2013 5:52am
will be shorting from 172 all way to 155
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  • #10,023
  • Dec 20, 2013 6:20am Dec 20, 2013 6:20am
Quoting eliteincome
Hello New to this chart made a mistake going short an it went against me. Every body talking 173 to 183 etc Its above 170.8 now Got longs in now i suppose open them up an wait

Don't follow opinions on forums! Think for yourself, make your own strategy, be responsible for your own actions.
  • #10,024
  • Dec 20, 2013 9:53am Dec 20, 2013 9:53am
Quoting NJaNeer
45% Oanda retail are long after 400+ pip rally..
its routine. Now 400 point down, retailers will be knocked out.
  • #10,025
  • Dec 20, 2013 10:50am Dec 20, 2013 10:50am
will have to see what level will this pair break before making an entry.. if it hits 169.8 it might be a bear lead until 166 or even lower.. go for short during this point. however, if it breach 171.2.. long this pair and see it reach 174 before failing and make some correction. personally i dun think this pair will move so much into the north direction
  • #10,026
  • Edited 3:12pm Dec 20, 2013 2:51pm | Edited 3:12pm
good trade ideas by all in this thread....but the major turn will be in 13 to 30 days, I promise that,, so remember to be reserved in your view of the probabilities. maybe just play with 1%....your mind will tell you to go for broke when it discovers some faint candle formation or supply. or am I the only one.?
..
eta, not 13....11 days sorry bout dat.... 11 to 30 days
  • #10,027
  • Dec 20, 2013 2:57pm Dec 20, 2013 2:57pm
I will be holding my long from 170.00 over the weekend for a potential gap up (to the moon!)
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  • #10,028
  • Dec 21, 2013 6:56am Dec 21, 2013 6:56am
Quoting smash1820
I will be holding my long from 170.00 over the weekend for a potential gap up (to the moon!)
this is what all jpy pairs have been doing on new week open higher go higher. come back to open and close week higher
  • #10,029
  • Dec 21, 2013 8:31am Dec 21, 2013 8:31am
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10 nov end of cykl
  • #10,030
  • Dec 21, 2013 9:01am Dec 21, 2013 9:01am
Quoting smash1820
I will be holding my long from 170.00 over the weekend for a potential gap up (to the moon!)
With no events scheduled over the w/end and a holiday in Japan on Monday apparently, I see the potential for a gap up very low. If anything, considering that friday we closed near the lows, with possible stops to the downside not to far from current levels, I see more of a chance for a continuation of the move down at the beginning of the week. So if I were long at 170 I would try to scratch the trade at the open and possibly look for a better level to renter if you are bullish long term...just my opinion of course and good luck to you whatever you decide to do
  • #10,031
  • Dec 21, 2013 11:16am Dec 21, 2013 11:16am
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Smile, Breath, and Go slowly
  • #10,032
  • Dec 21, 2013 11:37am Dec 21, 2013 11:37am
Just a waiting game now till market open ))
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  • #10,033
  • Dec 21, 2013 2:50pm Dec 21, 2013 2:50pm
Quoting ez0770
With no events scheduled over the w/end and a holiday in Japan on Monday apparently, I see the potential for a gap up very low. If anything, considering that friday we closed near the lows, with possible stops to the downside not to far from current levels, I see more of a chance for a continuation of the move down at the beginning of the week. So if I were long at 170 I would try to scratch the trade at the open and possibly look for a better level to renter if you are bullish long term...just my opinion of course and good luck to you whatever...
Yeah, you might be right about it not gapping up, but we'll see. If it gaps down, that would suck for me but I still don't expect very much downside from 170. I think it'll probably start the week around there and be a real battleground area, but for now I'd expect 170 to hold and then eventually go higher.

We're starting to see some confluence within the stochastics at higher time frames, like 15M, 30M, 1H, 4H, and Daily. And as you've mentioned, there is always the potential for a gap-down instead of a gap-up when the market opens tomorrow on Sunday, and so there is the possibility that a pullback might need to occur before the longs get started for the week. But like I said, I don't really expect much of a pullback beyond 170, as I expect it to hold, and hence my net long position through the weekend.

Actually, to be honest I'm not that happy with my entry level cuz I know I could have gotten a better price (hence the discipline), so I'll need to settle for a basic entry from 170. I basically expect it to be another bullish week though, and I think it is possible we could test the 171 highs and potentially break past it towards 172. Of course I might be wrong, but one thing that I have learned is do not underestimate the power of the Geppy.
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  • #10,034
  • Dec 22, 2013 2:54am Dec 22, 2013 2:54am
Why people are buying at 170 ? If you wanted to be buying this pair you should have done it 2000 pips ago and be targeting 172.00 then pressing the sell button !
Copy my trades for free ask me how )
  • #10,035
  • Dec 22, 2013 3:13am Dec 22, 2013 3:13am
Hello

I held longs open 170 to 171+

Went in with pending long 167 should have been 169

Thinking if it takes a turd over the weekend

GBP looks like a we pull back 162.5

Ducking an diving an being in the right place at the right time

the market is playing with the retailers.

Being new to this pair an learning the ropes:nerd:
  • #10,036
  • Dec 22, 2013 8:59am Dec 22, 2013 8:59am
Quoting londontg
Why people are buying at 170 ? If you wanted to be buying this pair you should have done it 2000 pips ago and be targeting 172.00 then pressing the sell button !
Only me that's buying... And I'm trying to make up for lost time (and money) ;D
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  • #10,037
  • Dec 23, 2013 11:52am Dec 23, 2013 11:52am
No one else is buying other than myself?! I'm shocked! You bunch of 's.

PS: This is NOT a disclaimer to start buying now. You can get a better price, for sure.
Please check out my blog at https://from-zero-to-hero . net
  • #10,038
  • Dec 23, 2013 5:31pm Dec 23, 2013 5:31pm
Merry Christmas, Happy Holidays and all the best for the New Year
to all.
Hopefully see/read all next year.
  • #10,039
  • Dec 23, 2013 6:01pm Dec 23, 2013 6:01pm
Well, I'm still buying, and have some buy limits set to catch any dips.
I'm still bullish on GPYJPY and will remain so until I see a definite turnaround on the charts.
Holy Grail part 1. - Cut loses short.
  • #10,040
  • Dec 23, 2013 6:26pm Dec 23, 2013 6:26pm
Hello

Yeah had some hit targets

An thought about an went back in again

6 long pending 168 t0 171

169 to 172.5 170 to 171.5 etc
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