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Geppy's Geppy Thread (GBP/JPY)

  • #10,181
  • Jan 13, 2014 10:59am Jan 13, 2014 10:59am
Quote
http://a1.twimg.com/profile_images/7...ure_normal.jpg
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target by the way on gbpjpy is 166 - see friday's video for more on this (if u havent seen it yet) http://t.co/b0qIQUObVr


what do you guys think?
  • #10,182
  • Jan 13, 2014 11:56am Jan 13, 2014 11:56am
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  • #10,183
  • Jan 13, 2014 1:04pm Jan 13, 2014 1:04pm
buy stop 169.500
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THERE IS NO SYSTEM
  • #10,184
  • Jan 13, 2014 1:10pm Jan 13, 2014 1:10pm
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  • #10,185
  • Jan 13, 2014 1:13pm Jan 13, 2014 1:13pm
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  • #10,186
  • Jan 13, 2014 3:16pm Jan 13, 2014 3:16pm
Looking for a rally back up now... maybe to around 169.78? hmmmm, we'll seee..
  • #10,187
  • Jan 13, 2014 4:14pm Jan 13, 2014 4:14pm
Tokyo stock exchange was on holiday yesterday. I am starting to look for buying opportunities in this pair over the next 48h or so. I think the upwards trend will resume and we will see new highs by Februrary.
  • #10,188
  • Jan 13, 2014 7:21pm Jan 13, 2014 7:21pm
Guys,

I am thinking of switching from trading GBP/JPY exclusively to trading USD/JPY exclusively.

Yes, yes, GBP/JPY is still my favorite pair of all time... BUT...

The reason for this is because my binary options broker offers UJ expirations every hour, whereas for GJ it's every 4 hours.

And more expirations = more $$$ $$$

Just thought I would mention that because I will probably focus my time on the USD/JPY Discussion thread from here on out.

It was a pleasure working with you all and reading your comments, and although I'll still check back from time to time, now you know where you can find me.

PEACE OUT, God Bless, and Happy Trading!
Please check out my blog at https://from-zero-to-hero . net
  • #10,189
  • Jan 13, 2014 7:59pm Jan 13, 2014 7:59pm
Some Median lines that may help
Attached Image(s) (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #10,190
  • Jan 13, 2014 8:18pm Jan 13, 2014 8:18pm
Quoting eaglestar
Some Median lines that may help {image} {image}
Hmmmmm....

No offense, but I've never seen any value in Andrew's Pitchfork and I really don't see how this helps... especially without any explanation? It's just a bunch of lines on a chart which anyone can draw and it would be just as accurate (because it predicts nothing).

Perhaps if you had volume on the chart then we could see the relationship between supply and demand at certain price levels, but without that or any indicators to go along with it I find these charts worthless.

Perhaps you could enlighten us and describe -- specifically -- what you see in the PA, and how this will help us predict the future.
Please check out my blog at https://from-zero-to-hero . net
  • #10,191
  • Jan 14, 2014 5:13am Jan 14, 2014 5:13am
Quoting samansadeghi
buy stop 169.500 {image}
moved sl to BE
+45 untile now
THERE IS NO SYSTEM
  • #10,192
  • Jan 14, 2014 2:25pm Jan 14, 2014 2:25pm
Looking to short around 171.90.
Attached Image (click to enlarge)
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"A true speculator tries the market small." - Jesse Livermore
  • #10,193
  • Jan 14, 2014 6:34pm Jan 14, 2014 6:34pm
Quoting samansadeghi
buy stop 169.500 {image}
closed buy +165 pips
THERE IS NO SYSTEM
  • #10,194
  • Jan 14, 2014 6:38pm Jan 14, 2014 6:38pm
Quoting samansadeghi
{quote} closed buy +165 pips
Congrats!

What's next for GBPJPY? another move up or down? Looking at fundamentals it should go up, isn't it? Im stuck with floating -70pips from 169.86 - 170.55 and i need to close one leg to get BE. Just don't know what's gonna happen next atm.
  • #10,195
  • Jan 14, 2014 8:00pm Jan 14, 2014 8:00pm
Quoting edindzeko
Tokyo stock exchange was on holiday yesterday. I am starting to look for buying opportunities in this pair over the next 48h or so. I think the upwards trend will resume and we will see new highs by Februrary.
We think the same, how do you figure that 48 hours.....it came to me out of the blue....
  • #10,196
  • Jan 14, 2014 9:42pm Jan 14, 2014 9:42pm
Quoting mario83
What's next for GBPJPY? another move up or down? Looking at fundamentals it should go up, isn't it? Im stuck with floating -70pips from 169.86 - 170.55 and i need to close one leg to get BE. Just don't know what's gonna happen next atm.
With Geppy, my bias is ALWAYS to the "upside".
Please check out my blog at https://from-zero-to-hero . net
  • #10,197
  • Jan 14, 2014 11:30pm Jan 14, 2014 11:30pm
Ready for 173-74 lvls
  • #10,198
  • Jan 14, 2014 11:46pm Jan 14, 2014 11:46pm
Quoting Noob Trader
Ready for 173-74 lvls
proof am long bt xpectn a huge move down @ 172
if a good signal shows up
  • #10,199
  • Jan 14, 2014 11:53pm Jan 14, 2014 11:53pm
Been a while since participated in this thread.

Currently have two open long positions. One open since yesterday, locked +SL TP 173. Other opened earlier, no SL TP 175.

In my view this month we will see a new high.

EP
Attached Image (click to enlarge)
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To live a successful life, we must lose our fear of being wrong
  • #10,200
  • Edited 5:13am Jan 15, 2014 4:25am | Edited 5:13am
Hi,

Ok, i made back some pips on different pair so willing to close this geppy small nightmare on my account. Looks like small H&S forming on H1 however, Cable looks bullish so it might invalidate forming this pattern. What’s your view?

If cable goes up I assume it will def. move higher gbpjpy – is that right?

Attached Image




PS:


Quote
According to our Strong/Weak analysis and resulting chart above, the Yen has increased four positions higher from the weakest currency to the middle of the pack in the past two weeks. This large move could be indicative of at least a temporary trend change for the Japanese Yen suggesting the Yen may further strengthen.
In fact, we previously wrote about two patterns in the USD/JPY pair that suggest deeper retracements lower may be on the horizon for the pair. The pair has currently stayed below 106 resistance leaving the two patterns in place as a possible explanation for the move.
Executing the Trade
Since we anticipate the JPY may experience a broad based rally, we will take a diversified approach and buy the single currency against a basket of currencies. There are several advantages to trading a currency rather than a pair with the largest benefit being diversification.
We will initiate a JPY Buy Basket trade through the Mirror platform. You can even try this out in a practice account at the same link above.
We will look to risk 2.0% on the trade for a minimum profit objective of 4%.

source: http://www.dailyfx.com/forex/educati...o_Buy_Yen.html
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