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Geppy's Geppy Thread (GBP/JPY)

  • #10,821
  • Feb 13, 2014 3:32am Feb 13, 2014 3:32am
Quoting Danny Maina
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
Part of your answer could be happening right now. If GJ climbs up for a new high, it implies that this is the first move up in a new uptrend - which negates the 175/155 part of your argument. If it fails to get up, your hypothesis is alive and well (until proven otherwise)
  • #10,822
  • Feb 13, 2014 6:06am Feb 13, 2014 6:06am
Unlucky again. Price went +50 pips over 169.80 and then +50 pips below 169.80 and all my SL hit...
  • #10,823
  • Feb 13, 2014 7:06am Feb 13, 2014 7:06am
Quoting Jure86
Unlucky again. Price went +50 pips over 169.80 and then +50 pips below 169.80 and all my SL hit...
Jure,

http://www.forexfactory.com/showthre...13#post7276213
http://www.forexfactory.com/showthre...07#post7273507

169.80/60 - 20Pips = 169.60/40

And you know the next decision Point:

http://www.forexfactory.com/showthre...27#post7267827
http://www.forexfactory.com/showthre...98#post7257698
  • #10,824
  • Feb 13, 2014 7:27am Feb 13, 2014 7:27am
what would impact of negative data from USA ?
  • #10,825
  • Feb 13, 2014 8:01am Feb 13, 2014 8:01am
Quoting Noob Trader
what would impact of negative data from USA ?
No impact per se. Just to fill those longs around 40ish as you see in my previous post.
  • #10,826
  • Feb 13, 2014 8:06am Feb 13, 2014 8:06am
If it cracks below 169 im going to cash in.
  • #10,827
  • Feb 13, 2014 8:06am Feb 13, 2014 8:06am
Quoting FX-Ray
{quote} Jure, http://www.forexfactory.com/showthre...13#post7276213 http://www.forexfactory.com/showthre...07#post7273507 169.80/60 - 20Pips = 169.60/40 And you know the next decision Point: http://www.forexfactory.com/showthre...27#post7267827 http://www.forexfactory.com/showthre...98#post7257698
First trade: I was waiting for the break of 168.40. Price went up and I set BuyLimit at 168.40 with SL at 167.99 and price hit my SL.
Second trade: I was waiting for the break of 169.80. Price went up and I set BuyLimit at 169.80 with SL at 169.35 and price hit my SL.

Was such trades OK or not?
  • #10,828
  • Feb 13, 2014 8:06am Feb 13, 2014 8:06am
Quoting FX-Ray
{quote} No impact per se. Just to fill those longs around 40ish as you see in my previous post.
It failed to crack 170 three times, if break then 171 possible today or tomorrow ?
  • #10,829
  • Feb 13, 2014 8:11am Feb 13, 2014 8:11am
Quoting Noob Trader
{quote} It failed to crack 170 three times, if break then 171 possible today or tomorrow ?
I cant tell you that for sure, nobody can. I just know if supports holds here there is no reason to go short. If 170.00/69.80 and 170.50/30 gets squeezed there should be enough fuel to reach 171.20/00. If thats resistance and cracks this support, there is a high probability we reach 168.40/20
  • #10,830
  • Feb 13, 2014 8:21am Feb 13, 2014 8:21am
Quoting Noob Trader
{quote} It failed to crack 170 three times, if break then 171 possible today or tomorrow ?

seems i will follow ray today... i'm not use to long term if it breaks below 169 i will also cash in though it will be painful cos I've gotten to 200 pips early this morning before the crash down. Now there is Dark Cloud on 4H, if that pattern fails am safe if it doesnt i'll be out like FXray planned to.
  • #10,831
  • Feb 13, 2014 8:23am Feb 13, 2014 8:23am
Waoo trendline broken, dark cloud is intact and pips is reducing seriously... Any advise to leave or stay, trading 4H though! but cant afford to loose all i've made so far
  • #10,832
  • Feb 13, 2014 8:25am Feb 13, 2014 8:25am
Now at today's low(U.K opening)... Needs to make a decision now.. any help in the house?
  • #10,833
  • Feb 13, 2014 8:26am Feb 13, 2014 8:26am
Probably we may get another 100 pips movements in next 10-12hrs. It's purely base on my strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: GbpJpy130214.png Size: 21 KB
  • #10,834
  • Feb 13, 2014 8:34am Feb 13, 2014 8:34am
Quoting morewins
Probably we may get another 100 pips movements in next 10-12hrs. It's purely base on my strategy. {image}
Waooooooo that is my entry.. that will make faint hehehe. lets just hope 139 holds anyting on the table around that region i'll go for it. Discipline and patience. thanks all the same i appreciate at least someone heard my call.. smilessss
  • #10,835
  • Feb 13, 2014 8:43am Feb 13, 2014 8:43am
*smile* keep it simple is the most effective way to trade forex especially this GJ. Good luck all . I'm going to bed now see you tomorrow.
  • #10,836
  • Feb 13, 2014 9:55am Feb 13, 2014 9:55am
Back 2 testing ground 170, will it or will it not... break of 170 would put it 100 pips on
  • #10,837
  • Feb 13, 2014 10:07am Feb 13, 2014 10:07am
damn it failed again... useless will trade sideways between 169.20-170
  • #10,838
  • Feb 13, 2014 10:14am Feb 13, 2014 10:14am
The major point is break the 200 SMA on 4hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
  • #10,839
  • Feb 13, 2014 10:27am Feb 13, 2014 10:27am
So nobody thinks this can get to 171.00 today
  • #10,840
  • Feb 13, 2014 10:29am Feb 13, 2014 10:29am
notoriously holding below 170
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