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Geppy's Geppy Thread (GBP/JPY)

  • #10,401
  • Jan 27, 2014 12:26am Jan 27, 2014 12:26am
Quoting pungggi
{quote} Dont you think you are a bit late in counter trading this pair?
I've got it going up today, that's all, and I'm not in yet, in fact I'm currently short but still expect an up day. We'll see
  • #10,402
  • Jan 27, 2014 1:57am Jan 27, 2014 1:57am
Quoting cat
Looking to go long on this pair today. Need a small pullback to around 16,893, and then I'm expecting to set a TP once long at 171.20 which is the H1 200ema as it stands right now, and R1 pivot point.

i must admit you got it almost to the pip if your are long now..
Online Prop Firms are not the solution
  • #10,403
  • Jan 27, 2014 2:09am Jan 27, 2014 2:09am
Quoting pungggi
{quote} i must admit you got it almost to the pip if your are long now..
I am from 908 but will kill quickly if It shows signs of rolling over as that is still a possibility. Holding for now though.
  • #10,404
  • Jan 27, 2014 2:38am Jan 27, 2014 2:38am
TP near 169 flat. Watching to sell it again at 170.30
Be humble or be humbled.
  • #10,405
  • Jan 27, 2014 4:32am Jan 27, 2014 4:32am
This thing has gone up like 4,000 pips in just over a year. The correction or retrace will be more than a mere few hundred.
Be humble or be humbled.
  • #10,406
  • Jan 27, 2014 4:38am Jan 27, 2014 4:38am
Short from 170.17. Let's see how high they can take it to make the believers think we are still in a bull market so they can leave them long.
Be humble or be humbled.
  • #10,407
  • Jan 27, 2014 4:43am Jan 27, 2014 4:43am
Quoting Temujin
Short from 170.17. Let's see how high they can take it to make the believers think we are still in a bull market so they can leave them long.

considering that gbp and usd is about to rape rape the eur you might be on the wrong side of things.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #10,408
  • Jan 27, 2014 5:15am Jan 27, 2014 5:15am
Geppy has already moved its ATR, 200 pips. so i dont think there is much opportunity above 170.6 today. I still believe it should test 165 area before a move higher can begin (if that is case). short-term i see down
  • #10,409
  • Jan 27, 2014 6:07am Jan 27, 2014 6:07am
Long, tp 171.00 and it will be a strong resistance point.
  • #10,410
  • Jan 27, 2014 9:57am Jan 27, 2014 9:57am
Quoting 110101
{quote} considering that gbp and usd is about to rape rape the eur you might be on the wrong side of things.
Plus 40 pips so far, I don't think so.
Be humble or be humbled.
  • #10,411
  • Jan 27, 2014 12:04pm Jan 27, 2014 12:04pm
Tp'd that one. Can't fight them. If they want it to go to 174.82 again it will. Signals and common sense all aside.
Be humble or be humbled.
  • #10,412
  • Jan 27, 2014 12:20pm Jan 27, 2014 12:20pm
Ok. Now I know why they call it "the beast".
Fix up, trade sharp ...
  • #10,413
  • Jan 27, 2014 1:05pm Jan 27, 2014 1:05pm
Quoting Temujin
Tp'd that one. Can't fight them. If they want it to go to 174.82 again it will. Signals and common sense all aside.

That's my target. But your trade was a good one just not a home run. It's good to see that greed didn't affect your decision. I don't know where you got out but I would've closed my short ass soon as the hourly turned bullish. 2 hours ago.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #10,414
  • Edited 4:11pm Jan 27, 2014 3:36pm | Edited 4:11pm
If it breaks the previous high at 170.5, it heads towards channel resistance at 171.2 to 171.5. If that breaks, it already completed at 167.7 and this is the start of a new up move.

If it fades under 169.4, it moves to new lows, and this was a correction.
  • #10,415
  • Jan 27, 2014 4:21pm Jan 27, 2014 4:21pm
Quoting Mpt
If it breaks the previous high at 170.5, it heads towards channel resistance at 171.2 to 171.5. If that breaks, it already completed at 167.7 and this is the start of a new up move. If it fades under 169.4, it moves to new lows, and this was a correction.
Oh Mpt, gotta love all of your IF, IF, IF scenarios.

Just wondering, have you ever tried making a bold assertion and sticking to it?

Or do you always trade after-the-fact, with confirmation only?

I'm not trying to poke at ya man, and no harm meant, I just think it's funny how every word out of your mouth starts with IF! You should change your name to TheIfMeister... LOL
Please check out my blog at https://from-zero-to-hero . net
  • #10,416
  • Jan 27, 2014 4:40pm Jan 27, 2014 4:40pm
Quoting smash1820
{quote} Oh Mpt, gotta love all of your IF, IF, IF scenarios. Just wondering, have you ever tried making a bold assertion and sticking to it? Or do you always trade after-the-fact, with confirmation only? I'm not trying to poke at ya man, and no harm meant, I just think it's funny how every word out of your mouth starts with IF! You should change your name to TheIfMeister... LOL
Fair enough. I accept that my vision may not be as clear and concise as others, so henceforth I will desist from posting analysis.
  • #10,417
  • Jan 27, 2014 5:11pm Jan 27, 2014 5:11pm
Quoting Mpt
{quote} Fair enough. I accept that my vision may not be as clear and concise as others, so henceforth I will desist from posting analysis.
No, no, Mpt, don't do that! You took it the wrong way. I think that was my bad and improper attempt at a joke.

Your posts are some of the most useful ones here. Why else do you think I've subscribed to you? Please do not let my miserable sense of humor keep you from posting. Perhaps it is I who should walk away, haha.

I guess what I am trying to say is... Where does your bias fit into the picture? Surely, you must have a bias. And yet, I very rarely hear you talk about it.

In other words, at some point you will have to make a decision...between the scenarios you have outlined. So how do you ultimately make that decision? You strike me as a very objective trader so I am interested.
Please check out my blog at https://from-zero-to-hero . net
  • #10,418
  • Jan 27, 2014 5:11pm Jan 27, 2014 5:11pm
This seems to be the decisive point here then. I've seem the banks twist it, drag it and turn it past a point like this here right now in Tokyo. Looks like a replay of it all over again. Just by some miracle even though it shot up 250 pips the first trading day of the week it continues higher. All the bearish PA where it looks to break down become buy signals and they sell all the places where it's surging up. This is a very mean algorithm they are running now. 1,2,3 attempts at the pivot the close of NY then down and one more up.

They are trying their best to grind it higher.
Be humble or be humbled.
  • #10,419
  • Jan 27, 2014 5:13pm Jan 27, 2014 5:13pm
Oh thanks for all the analysis and lively commentary. You guys make this thread informative and very fun too.
Be humble or be humbled.
  • #10,420
  • Jan 27, 2014 6:08pm Jan 27, 2014 6:08pm
Quoting smash1820
{quote} No, no, Mpt, don't do that! You took it the wrong way. I think that was my bad and improper attempt at a joke. Your posts are some of the most useful ones here. Why else do you think I've subscribed to you? Please do not let my miserable sense of humor keep you from posting. Perhaps it is I who should walk away, haha. I guess what I am trying to say is... Where does your bias fit into the picture? Surely, you must have a bias. And yet, I very rarely hear you talk about it. In other words, at some point you will have to make a decision...between...
I never have a locked in bias. My preferred option is down. When UJ breaks back into the ichimoku cloud (about 10 pips down), this thing should also turn down. The question is whether it bounces at the top of its own cloud at about 167, or drops into it. The base of GJ's daily ichimoku is 163.
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