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Geppy's Geppy Thread (GBP/JPY)

  • #10,581
  • Feb 4, 2014 4:17am Feb 4, 2014 4:17am
Quoting Mpt
OK, it dropped out of the 'cloud' and cloud base sits now at about 165.2. Any break over there will try for 165.7/165.75, which happens to be the daily pivot. (and a level discussed here yesterday) Failure there takes it to new lows. A last second break over there could well reset the uptrend.

The down trend restarts here
  • #10,582
  • Feb 4, 2014 4:57am Feb 4, 2014 4:57am
hi,
is there any chance to geppy go long?
Every man who thinks ahead of his time is sure to be misunderstood.
  • #10,583
  • Feb 4, 2014 5:16am Feb 4, 2014 5:16am
Quoting FX-Ray
{quote} Okay 165.50/30 looks fine so far. Next decision point @ 166.40/20
Beautiful
  • #10,584
  • Feb 4, 2014 5:38am Feb 4, 2014 5:38am
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  • #10,585
  • Feb 4, 2014 11:17am Feb 4, 2014 11:17am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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I have attached a I hr chart and a 15 min chart both bullish. My target 167.50.
  • #10,586
  • Feb 4, 2014 11:17am Feb 4, 2014 11:17am
Quoting Nihilist
hi, is there any chance to geppy go long?
Unless you were awake at 1AM EST time, you would have missed it. I did manage to make 20 pips going short at 165.57 and taking partial at 165.37 due to price action and no momentum. I got stopped out at breakeven for the other half of my position. The markets are getting harder to trade with all the volatility in the stocks market, EM and News events not to mention that geppy is one of the hardest pairs to trade. Ill suggest patience and maybe getting confirmations before entering trades at this point. Hopefully we get trading opportunities tomorrow Cheers !!
  • #10,587
  • Feb 4, 2014 11:18am Feb 4, 2014 11:18am
Quoting Rafiki
{image}{image} I have attached a I hr chart and a 15 min chart both bullish. My target 167.50.
Wish you goodluck !!!
  • #10,588
  • Feb 4, 2014 1:28pm Feb 4, 2014 1:28pm
Thanks Quads, my opinion is if we break 166.25 /166.50 next target would be 167.50 , however, this is the MONSTER and one move at a time is the safest approach.
  • #10,589
  • Feb 4, 2014 2:33pm Feb 4, 2014 2:33pm
Attached Image (click to enlarge)
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H 2 chart attached, almost bullish, remember the key word is ALMOST. If it does the bullish run could continue to 167.50

It is the waiting game always.
  • #10,590
  • Feb 4, 2014 3:07pm Feb 4, 2014 3:07pm
I have entered short at 165.890, I am seeing a bearish wedge right now, and it is also a previous level of support which should act as a resistance now, and moreover the volume has decreased as long the wedge has been rising.
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  • #10,591
  • Feb 4, 2014 6:46pm Feb 4, 2014 6:46pm
Real early Thursday and Friday morning, I'd say ole' chaps.....top drawer, cheerio
Yep, 'long 'bout 4am New York time.
  • #10,592
  • Feb 5, 2014 3:03am Feb 5, 2014 3:03am
Quoting Carlicus
I have entered short at 165.890, I am seeing a bearish wedge right now, and it is also a previous level of support which should act as a resistance now, and moreover the volume has decreased as long the wedge has been rising. {image}
Closed my short position at 165.321 (38% fib retracement)
  • #10,593
  • Feb 5, 2014 3:08am Feb 5, 2014 3:08am
Looking for a significant break down - eventually. Assuming 163 breaks, expecting around 160
  • #10,594
  • Feb 5, 2014 3:33am Feb 5, 2014 3:33am
careful those shorting, 16,445 could hold it. We'll see.
  • #10,595
  • Feb 5, 2014 4:45am Feb 5, 2014 4:45am
this might be an eye opener. you know damn well the BOE won't be lowering rates anytime soon. i think we are see'ing a full on trend shift.
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  • #10,596
  • Feb 5, 2014 4:54am Feb 5, 2014 4:54am
Quoting allisonmagic
this might be an eye opener. you know damn well the BOE won't be lowering rates anytime soon. i think we are see'ing a full on trend shift. {image}
If you said that sort of thing on the UJ thread, they'd burn you at the stake for heresy.
  • #10,597
  • Feb 5, 2014 4:55am Feb 5, 2014 4:55am
Quoting Mpt
{quote} If you said that sort of thing on the UJ thread, they'd burn you at the stake for heresy.

haha for sure
  • #10,598
  • Feb 5, 2014 4:58am Feb 5, 2014 4:58am
Quoting cat
careful those shorting, 16,445 could hold it. We'll see.
Absolutely zero offence directed at you for an extremely valid comment, but 850 pips ago GJ confirmed short. At 167 it reconfirmed short. At 166 it re-reconfirmed and since then nothing has changed. The test and hold at 165.75/166 confirmed again. (although I'm not certain this little correction is entirely finished).

It is now under the 38/50 of the move up from 156 and the 61.8 gave a poor bounce. Purely by definition, short term new highs are no longer probable. Each and every single one of its corrections have given the impression that they may be starting a new move up - we wait for a retrace to the 61.8 or the 76, it looks like it will hold, then it fails.

It has reversed, at least in the medium term (subject to 163). By implication, it is not long. ............therefore it must be short until it stops. But I guess if this ends up like the cable or UJ thread, people will keep longing it until they give up.
  • #10,599
  • Feb 5, 2014 6:48am Feb 5, 2014 6:48am
Quoting Mpt
{quote} Absolutely zero offence directed at you for an extremely valid comment, but 850 pips ago GJ confirmed short. At 167 it reconfirmed short. At 166 it re-reconfirmed and since then nothing has changed. The test and hold at 165.75/166 confirmed again. (although I'm not certain this little correction is entirely finished). It is now under the 38/50 of the move up from 156 and the 61.8 gave a poor bounce. Purely by definition, short term new highs are no longer probable. Each and every single one of its corrections have given the impression that...
Oh I agree it couldn't be more bearish at present, I was really directing that post at anyone trying to jump in after the news, not at those already short. I believe we are going down to at least 16,100, though short term, as in this afternoon, it's possible we may see a bounce up as high as 16,670.
  • #10,600
  • Feb 5, 2014 7:47am Feb 5, 2014 7:47am
Quoting Fx-gtg
sold 168.60 tp 1000 pips 158.60
not this but a short from 174.36 did reach 1000 pips
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