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Geppy's Geppy Thread (GBP/JPY)

  • #10,441
  • Jan 28, 2014 4:07am Jan 28, 2014 4:07am
Quoting deanoracer
Anticipating a rally towards the confluence of the hourly 200SMA, the DTL F diagonal trendline and the 61.8 retracement. The confluence identified in olive was formerly support, could potentially turn to resistance (171.18/171.37). Price has not retested the 200 SMA since breaking thru to the downside. To the upside, a close and retest that remains above the Olive confluence zone may open the way up towards 171.80 / 172.00 {image}
Update:
Attached Image (click to enlarge)
Click to Enlarge Name: 2014 01 27_ GBPJPY hourly_A.jpg Size: 278 KB
  • #10,442
  • Jan 28, 2014 4:15am Jan 28, 2014 4:15am
Quoting Temujin
I sold at 171.07. So where do we go now? 166?
Can I ask why you sold already?
  • #10,443
  • Jan 28, 2014 4:17am Jan 28, 2014 4:17am
Quoting Temujin
I sold at 171.07. So where do we go now? 166?
that would be sweet...
  • #10,444
  • Jan 28, 2014 4:28am Jan 28, 2014 4:28am
There is no where to go now but new lower ground. Higher, been there. 168, 169 been there.
Be humble or be humbled.
  • #10,445
  • Edited 11:07am Jan 28, 2014 4:43am | Edited 11:07am
Quoting Temujin
There is no where to go now but new lower ground. Higher, been there. 168, 169 been there.
I don't claim to know where price is going. I know there are still targets to the upside, and there are targets to the downside. Price will need to close and remain back below the 4 hour 200sma to keep a bearish bias... just my opinion

I am in short at 171.17. I have taken some profit and moved my stop to BE (+ a few) for the remaining positions...
the beast gives and then it takes. Better safe than sorry.

free trade now, looking for 167.20 ish (daily AB=CD) for a target

Either I get stopped out for a couple plus have some profit already, or I get a busload, and have some profit already.
Back to bed!!!
  • #10,446
  • Jan 28, 2014 8:42am Jan 28, 2014 8:42am
Bus load oh yes. now I need 170.40 to break to release the Kraken.
Be humble or be humbled.
  • #10,447
  • Jan 28, 2014 9:58am Jan 28, 2014 9:58am
Attached Image (click to enlarge)
Click to Enlarge Name: Jan 28 2014 H 4 10 51 am Geppy posting.png Size: 67 KB


Hello all,

I have been following this thread for a few days and have decided to post. I have attached a H 4 Ichimoku chart that tells me the Daily trend is going bullish, there is possibility of a retrace to the 169.50/ 170 area before she continues up.

Just my two cents.
  • #10,448
  • Jan 28, 2014 10:20am Jan 28, 2014 10:20am
Thanks, nice chart. 170.40 is holding. No break so far.
Be humble or be humbled.
  • #10,449
  • Jan 28, 2014 11:33am Jan 28, 2014 11:33am
Quoting deanoracer
{quote} I don't claim to know where price is going. I know there are still targets to the upside, and there are targets to the downside. Price will need to close and remain back below the 4 hour 200sma to keep a bearish bias... just my opinion I am in short at 171.17. I have taken some profit and moved my stop to BE (+ a few) for the remaining positions... the beast gives and then it takes. Better safe than sorry. free trade now, looking for 167.20 ish (daily AB=CD) for a target Either I get stopped out for a couple plus have some profit already,...
Just waking up to +60/70 pips on remaining positions and price stalling a bit at 170.40 ish. Tightening up my stops.

Anticipation:
A break below 170.40 may open the way down towards 169.95/169.80 and potentially 169.23/169.11
A break above the recent high of 171.35 may open the way up towards 171.86/171.96 and potentially 172.55/172.60

have an awesome day traders!
  • #10,450
  • Jan 28, 2014 11:49am Jan 28, 2014 11:49am
Quoting deanoracer
{quote} Just waking up to +60/70 pips on remaining positions and price stalling a bit at 170.40 ish. Tightening up my stops. Anticipation: A break below 170.40 may open the way down towards 169.95/169.80 and potentially 169.23/169.11 A break above the recent high of 171.35 may open the way up towards 171.86/171.96 and potentially 172.55/172.60 have an awesome day traders!
Here is an updated chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 2014 01 27_ GBPJPY hourly_B.jpg Size: 249 KB
  • #10,451
  • Jan 28, 2014 1:32pm Jan 28, 2014 1:32pm
Attached Image
Be humble or be humbled.
  • #10,452
  • Jan 28, 2014 5:15pm Jan 28, 2014 5:15pm
This rally is brought to you by USDJPY as it keeps trying to break back into what will be (should it fail to get up further) a reversal pattern.

So its about here we find out whether GJ gets bullish again or not.
  • #10,453
  • Jan 28, 2014 6:36pm Jan 28, 2014 6:36pm
Star wars rocks ,, Babyyyyeee. Yep, I identify with that commander fish face......here's a personal photo of me.....
Attached Image
  • #10,454
  • Jan 28, 2014 7:12pm Jan 28, 2014 7:12pm
Sweet! Thanks GBP/JPY. FOMC tomorrow. Fresh bullish new channels and everything in the world is great!!

BTFATH

Buy The F%#@* all time high!!
Be humble or be humbled.
  • #10,455
  • Jan 28, 2014 7:19pm Jan 28, 2014 7:19pm
So are you saying that this pair is going to drop? Im trying to get a handle here....
  • #10,456
  • Jan 28, 2014 10:51pm Jan 28, 2014 10:51pm
It's only January and the market has grown quite stout over the last 18 months. Not just that we have the QE taper coming on line, an emerging market mini emergency and the China PMI slow down. There is also a little more Geo political risk in the pot now too in various places. No rate increase for the pound yet and the Bank of Japan has not signaled a measure to increase the stimulus in April. They might do just that but no clear language on that right now.

Another thing is just a normal market occurrence, the retrace. Retraces are healthy and there has been nothing like a real retrace on current levels. Just a few days down here and there. I think in order to get the best prices for the April stimulus speculation the banks must lead the sheeple to keep going long from here.

Then they will take a risk off approach to preserve profits and make more by slamming the market down and eating the sheeple alive.
Attached Image
Be humble or be humbled.
  • #10,457
  • Jan 29, 2014 12:54am Jan 29, 2014 12:54am
Quoting FX-Ray
{quote} Filled at first target @ 169.60
Filled at second target @ 171.40
  • #10,458
  • Jan 29, 2014 3:01am Jan 29, 2014 3:01am
Looks like this has reversed and heading back towards 172/173/174...new high? Without further stimulus in April announced I think a burst to 180 unlikely, so maybe we'll see 174 and then consolidate around 170 area, any thoughts?
  • #10,459
  • Jan 29, 2014 3:01am Jan 29, 2014 3:01am
While I have no idea what GU is doing,or where it may take us, uj continues to fail at the base of its reversal pattern
  • #10,460
  • Jan 29, 2014 3:43am Jan 29, 2014 3:43am
Quoting FX-Ray
I got these Price Levels confirmed for next week: 171.60/40 169.80/60 168.20/00 This might be crucial decision points. If 168.20/00 holds as support we might see 171.60/40 again before continuation to 166.60/40 If 168.20/00 holds as support we might see 171.60/40, if 171.60/40 holds as support we might see new highs @ 173.30/10 & above Pic 1: Chart Pic 2: Stats/Confirmation Good Luck {image} {image}
There we go, long from 168.20/00 closed @ equilibrium 171.60/40 and reversed. Target are previous support/pivot @ 169.80/60 or further to 168.20/00 @ initial long.
If 169.80/60 hold as support I might get long again. Time will tell.

Add: "Worst" Case: 166.60/40
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