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Geppy's Geppy Thread (GBP/JPY)

  • #10,841
  • Feb 13, 2014 10:31am Feb 13, 2014 10:31am
Quoting Noob Trader
notoriously holding below 170
Its touched it like 5-6 times on the 15 min TF in the last 8hrs ...its bound to fall like the wall of Jericho
  • #10,842
  • Feb 13, 2014 10:36am Feb 13, 2014 10:36am
Quoting IveGotQuads
{quote} Its touched it like 5-6 times on the 15 min TF in the last 8hrs ...its bound to fall like the wall of Jericho
what would happen if otherwise ?
  • #10,843
  • Feb 13, 2014 10:46am Feb 13, 2014 10:46am
Quoting Noob Trader
{quote} what would happen if otherwise ?
If it doesnt , then Ill have no trade
  • #10,844
  • Feb 13, 2014 10:47am Feb 13, 2014 10:47am
technically 15 min last candle close @ 170, let see what happen next
  • #10,845
  • Feb 13, 2014 11:42am Feb 13, 2014 11:42am
just went long at 170,16
  • #10,846
  • Feb 13, 2014 1:16pm Feb 13, 2014 1:16pm
Quoting Noob Trader
{quote} what would happen if otherwise ?
lol.. still holding on to my trades as i said earlier, but will watch closely overnight as its getting late here and who knows what will happen overnight.
  • #10,847
  • Feb 13, 2014 1:45pm Feb 13, 2014 1:45pm
Quoting rockya1
just went long at 170,16
Nice catch , and even better you waited for confirmation. I was taking a nap so jealous
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  • #10,848
  • Feb 13, 2014 3:58pm Feb 13, 2014 3:58pm
buy order triggered @ 170.18, glad of it to retrace and give us a chance in getting in. Hopefully this goes all the way !!
  • #10,849
  • Feb 13, 2014 4:14pm Feb 13, 2014 4:14pm
For all you elliott wavers out there, the mother pair~~~us/yen~~~has a short pop up to 102.85 to be completed...like soon. Then a fall of some import.
  • #10,850
  • Feb 13, 2014 4:18pm Feb 13, 2014 4:18pm
turning point or push higher ?
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  • #10,851
  • Feb 13, 2014 6:53pm Feb 13, 2014 6:53pm
I'm looking to go long around 169.775, I have a buy limit order here, but will probably move it up. 20 pip SL 120 pip TP. -OR- a better price in like ~7-10 hours if it doesn't drop down that far. 170.5xx seems to be a pretty solid resistance point so I would expect for it to pull back down before the bulls come back with some more momentum to break through on the third try (Unless it breaks through now in which case I'll take a trade later.)

Basically my idea is to trade this pair only with the direction of the 100 & 200 EMA's on the 15 or 30m charts and buy the bounces.

Also looking at Ozboy's chart ^^... I think it will touch the bottom of that channel before moving up.
  • #10,852
  • Edited 8:52pm Feb 13, 2014 8:29pm | Edited 8:52pm
The move to 170.6 appeared to be a text book corrective high, being 16 pips over the previous high.

It may now have finished, but a loss of 169/169.1 is needed to confirm, otherwise it could be taking the form of an expanding triangle, with one more high yet to come.
  • #10,853
  • Feb 13, 2014 9:46pm Feb 13, 2014 9:46pm
Not again... seems worse than yesterday dunno where Yen got its power against GBP. Any advise in the house in the house will be of help the sharp drop is scary does that mean a reversal saw one candle pointing to reversing on 4H. Should i still stay in the long? my 200 pips now 90 pips. So confused if am still observing Discipline and Patience or am being Greedy.. urgent help needed
  • #10,854
  • Feb 13, 2014 10:31pm Feb 13, 2014 10:31pm
Quoting alukojoshfx
Not again... seems worse than yesterday dunno where Yen got its power against GBP. Any advise in the house in the house will be of help the sharp drop is scary does that mean a reversal saw one candle pointing to reversing on 4H. Should i still stay in the long? my 200 pips now 90 pips. So confused if am still observing Discipline and Patience or am being Greedy.. urgent help needed
In my opinion you're trying to catch the last swing higher before it most likely retraces. 169.40 area kinda your last hope to hang on for a new high.
  • #10,855
  • Feb 13, 2014 10:49pm Feb 13, 2014 10:49pm
Quoting edindzeko
{quote} In my opinion you're trying to catch the last swing higher before it most likely retraces. 169.40 area kinda your last hope to hang on for a new high.

Thanks for the response... i'll hang on as long as it stays above 139. anything below i might close.
  • #10,856
  • Edited 11:47pm Feb 13, 2014 11:19pm | Edited 11:47pm
It's been a whole day since I sold this at 169.75. It's hung on but London is gonna crash it in a couple hours. There are just no suckers willing to stay long anymore after a 600 pip run in such a short time. There is no further fundamental catalyst to keep it up here. We saw a huge pop after the Carney speech but it's mostly buy the rumor, which they have and sell the news which is next.
Be humble or be humbled.
  • #10,857
  • Feb 14, 2014 12:52am Feb 14, 2014 12:52am
Quoting Temujin
It's been a whole day since I sold this at 169.75. It's hung on but London is gonna crash it in a couple hours. There are just no suckers willing to stay long anymore after a 600 pip run in such a short time. There is no further fundamental catalyst to keep it up here. We saw a huge pop after the Carney speech but it's mostly buy the rumor, which they have and sell the news which is next.
i'll keep the long
  • #10,858
  • Feb 14, 2014 1:07am Feb 14, 2014 1:07am
Quoting alukojoshfx
{quote} i'll keep the long
Keep an eye on UJ. It has to get back over 101.8 first and that roughly equates to GJ 169.5. That's your first resistance to clear.
  • #10,859
  • Feb 14, 2014 1:20am Feb 14, 2014 1:20am
break out and want to come back on Valentine Day? humz naughty girl
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  • #10,860
  • Feb 14, 2014 1:45am Feb 14, 2014 1:45am
Struggling at the 38~50 retrace. Much over there, its probably good for long - otherwise it dies away.
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