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Geppy's Geppy Thread (GBP/JPY)

  • #10,801
  • Feb 12, 2014 6:18pm Feb 12, 2014 6:18pm
Quoting ozboy
{quote} thank you to point out. so bear may be in danger ? {image}
Yes looks like so...almost fell for that today as I thought the short term bullish cycle was over. All in all I think its been easy pips this week which is good.
  • #10,802
  • Feb 12, 2014 7:31pm Feb 12, 2014 7:31pm
Heads up....it's time for some movement...historically upward...with gbp/xxx pairs...early....in London Open.
  • #10,803
  • Feb 12, 2014 7:47pm Feb 12, 2014 7:47pm
Quoting Gbp/jpy
Heads up....it's time for some movement...historically upward...with gbp/xxx pairs...early....in London Open.
Dont like the look of nikkei 225 potential hs and breakout will send it down in risk off.
  • #10,804
  • Feb 12, 2014 10:02pm Feb 12, 2014 10:02pm
Quoting Temujin
170.28 The 200 SMA on the H4 chart may end the party. It has to power through that now, otherwise the 600 pip move is way over extended. I'll go short here.
It's done. 7 days and 600 pips upward. I'm not gonna go long here and be their sucker.
Be humble or be humbled.
  • #10,805
  • Feb 12, 2014 10:13pm Feb 12, 2014 10:13pm
Geppy wants to fly
  • #10,806
  • Feb 12, 2014 10:20pm Feb 12, 2014 10:20pm
Quoting samalmoore
Geppy wants to fly
Im thinking we may finally see a pullback to 167
  • #10,807
  • Feb 12, 2014 10:24pm Feb 12, 2014 10:24pm
Quoting edindzeko
{quote} Im thinking we may finally see a pullback to 167
but I'm looonnnngg
  • #10,808
  • Feb 12, 2014 10:33pm Feb 12, 2014 10:33pm
Gbp/Jpy end the Rally of Bullish Movement from 5/2/14 onwards continously of 640 Pips upward ,now its reached the 170.30 in H4 there is strong resistance level is there ,so break down will start in coming days,min of 300-400 pips downfall ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4.png Size: 33 KB
  • #10,809
  • Feb 12, 2014 10:35pm Feb 12, 2014 10:35pm
But Geppy told me that he enjoyed it at 170.3 and wants to visit there again soon!
  • #10,810
  • Feb 12, 2014 10:36pm Feb 12, 2014 10:36pm
Quoting samalmoore
{quote} but I'm looonnnngg
Could still rally to 171 but seeming unlikely. Depends on how long you want to hold it, overall its still bullish and after we retrace to 167 area I'll probably consider long.

FX-RAY can probably chime in with some more wisdom, dude knows this pair like the back of his hand.
  • #10,811
  • Feb 12, 2014 10:39pm Feb 12, 2014 10:39pm
.... 'scuse me guys.... someone told me drinking and trading dind't mix very well. I think drinking and trading and then going on forums is an even worse idea!!!!
  • #10,812
  • Feb 12, 2014 10:50pm Feb 12, 2014 10:50pm
tempted to take my £8.48 and run....
  • #10,813
  • Feb 12, 2014 10:54pm Feb 12, 2014 10:54pm
Its immediate direction rests on whether support at 169.8 and 169.6 holds. If so, then another high is possible.

169.5 or below may well bring a bounce, but it would probably be limited to below the previous high.
  • #10,814
  • Feb 12, 2014 11:06pm Feb 12, 2014 11:06pm
meh... losing interest... not going my way.....
  • #10,815
  • Feb 12, 2014 11:17pm Feb 12, 2014 11:17pm
of course it went JUST far enough to wipe me out and now it turns around...
  • #10,816
  • Feb 12, 2014 11:18pm Feb 12, 2014 11:18pm
Quoting samalmoore
of course it went JUST far enough to wipe me out and now it turns around...
....
whatever... goodnight! good luck to all you guys!
  • #10,817
  • Feb 13, 2014 12:13am Feb 13, 2014 12:13am
For those who think that yen pairs can never go down, under 101.7 UJ is very much back in the bearish camp.
  • #10,818
  • Feb 13, 2014 12:16am Feb 13, 2014 12:16am
Quoting samalmoore
{quote} .... whatever... goodnight! good luck to all you guys!
Hi, the main key is Patient and Discipline... Just sit on your fingers plan your trade and trade your plan dont rush in and out i've been long 3 days now and still holding the long position unless my system told me to opt out. Hoping market get to 171.50 region. Presently on 100 pips. The patient made me wait for a week before entering trade and the discipline will make me exit at my system call.

More pips in the house today hoping for some volatility as there is good strenght in GBP sad enough we only have partial weakness in JPY... all thesame good luck
  • #10,819
  • Feb 13, 2014 2:52am Feb 13, 2014 2:52am
Quoting Mpt
For those who think that yen pairs can never go down, under 101.7 UJ is very much back in the bearish camp.
For me its highly bearish below 97, below 100 warning bell, it will move up
  • #10,820
  • Feb 13, 2014 3:08am Feb 13, 2014 3:08am
I have this feeling that the geppy will be trapped between 175 and 155 in the coming weeks. The larger TF( monthly) is quite undecided. coming down to the weekly, last weeks pinbar and the bullish impulse observed, 170 is a realistic target by the close of the week
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