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Geppy's Geppy Thread (GBP/JPY)

  • #11,001
  • Feb 20, 2014 2:02am Feb 20, 2014 2:02am
Quoting PipsMaster23
Entered Long at 169.90, SL 169.19, TP 1.7280 (1st target)
  • #11,002
  • Feb 20, 2014 2:06am Feb 20, 2014 2:06am
Quoting SirMcPip
Time: 04:59 AM GMT BOUGHT GBP/JPY AT 1,70 TARGET 1,80 STOPS: NONE
  • #11,003
  • Feb 20, 2014 2:08am Feb 20, 2014 2:08am
i will only buy with confirmation 168.75 on to 175 if it permits
  • #11,004
  • Feb 20, 2014 2:13am Feb 20, 2014 2:13am
Quoting cat
Should be a bounce off of the H1 200ema.......perhaps not, but still think it may turn soon.... it's right on the H4 200ema now, so watch to see if it breaks or yields....okay, I'll shut up!!!
Nice call , you should have more confidence in your system
  • #11,005
  • Feb 20, 2014 2:15am Feb 20, 2014 2:15am
this pair is one aggressive currency pair..it can blow your account you know... playing tactically is the game
  • #11,006
  • Feb 20, 2014 2:18am Feb 20, 2014 2:18am
For three days it has confirmed, re confirmed and re-reconfirmed sell. Just like I lost count with UJ on how many times it confirmed short. ( I gave up after 12 from memory). Although UJ's time might be up soon.
  • #11,007
  • Feb 20, 2014 2:18am Feb 20, 2014 2:18am
I think any Buy trade now is definitely going against the momentum and therefore risky unless it's a scalp. H4 is showing that we ' should ' now fall to around 16,800 where there is support, or 16,740 which is the Daily rising 100 simple moving average which could well hold it if it falls that far. We shall see.
  • #11,008
  • Feb 20, 2014 2:21am Feb 20, 2014 2:21am
not forgetting 156.25 on weekly support
  • #11,009
  • Feb 20, 2014 2:24am Feb 20, 2014 2:24am
Quoting caldera
"this retail technical analysis that everyone is following is a bunch of crap" So that is your opinion. What do you trade by, your gut feeling?
Never underestimate your gut feel :-). Here is a chart. The red line is why we rallied from where we rallied. The Yellow Line is where i expect us to go. This time ist proved to be demand again, in line with the developing fundamentals. ...just my 2 Cents.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYWeekly.png Size: 39 KB
  • #11,010
  • Feb 20, 2014 2:26am Feb 20, 2014 2:26am
Quoting cat
I think any Buy trade now is definitely going against the momentum and therefore risky unless it's a scalp. H4 is showing that we ' should ' now fall to around 16,800 where there is support, or 16,740 which is the Daily rising 100 simple moving average which could well hold it if it falls that far. We shall see.
you may be right but I like your first comment better
  • #11,011
  • Feb 20, 2014 2:28am Feb 20, 2014 2:28am
Quoting SnaveForex
not forgetting 156.25 on weekly support
then again this might just be corrective wave 2 on daily
  • #11,012
  • Feb 20, 2014 2:29am Feb 20, 2014 2:29am
Quoting SnaveForex
not forgetting 156.25 on weekly support
or 148.00 on monthly
  • #11,013
  • Feb 20, 2014 2:47am Feb 20, 2014 2:47am
At the moment, all it's doing is retracing. There is no suggestion yet of total reversal - there will be somewhere around here that may hold it .
  • #11,014
  • Feb 20, 2014 2:56am Feb 20, 2014 2:56am
Quoting SnaveForex
{quote} then again this might just be corrective wave 2 on daily
That's what I'm working on. But if drops out the bottom and 163 doesn't hold, then 159 is indeed possible.
  • #11,015
  • Feb 20, 2014 3:06am Feb 20, 2014 3:06am
Quoting IveGotQuads
{quote} Nice call , you should have more confidence in your system
It was thinking aloud that's all, never a good idea! Yesterday's H1 200ema held it beautifully, sending it up 150 pips, and today I thought it might stop it, at least for awhile. Anyway, that's irrelevant now. I've got it falling to Daily pivot support @ 16,820 today. Technically, there's now nothing to stop it, and that's all I go on.
  • #11,016
  • Feb 20, 2014 3:46am Feb 20, 2014 3:46am
Quoting cat
{quote} It was thinking aloud that's all, never a good idea! Yesterday's H1 200ema held it beautifully, sending it up 150 pips, and today I thought it might stop it, at least for awhile. Anyway, that's irrelevant now. I've got it falling to Daily pivot support @ 16,820 today. Technically, there's now nothing to stop it, and that's all I go on.
I must admit that I was long @ 169.30 and bailed with 5+ pips due to selling pressure and got back in @ 169.45 In retrospect this has not been a stress free trade but Im comfortabe with the risk involved
  • #11,017
  • Feb 20, 2014 4:04am Feb 20, 2014 4:04am
Waiting for cable to drop out of 1.66. Then GJ should move.
  • #11,018
  • Feb 20, 2014 4:15am Feb 20, 2014 4:15am
Quoting IveGotQuads
{quote} I must admit that I was long @ 169.30 and bailed with 5+ pips due to selling pressure and got back in @ 169.45 In retrospect this has not been a stress free trade but Im comfortabe with the risk involved
16.945 is a good entry in my book.Be careful though- because you are going against strong selling pressure across all pairs. If it goes to 16,994 you'll have done well. You never can tell though - I'd be holding until I get clear confirmation that it's about to roll over for another leg down.
  • #11,019
  • Feb 20, 2014 4:28am Feb 20, 2014 4:28am
Quoting cat
{quote} 16.945 is a good entry in my book.Be careful though- because you are going against strong selling pressure across all pairs. If it goes to 16,994 you'll have done well. You never can tell though - I'd be holding until I get clear confirmation that it's about to roll over for another leg down.
yeah the tricky part of trading gbp/jpy is knowing when to take profits or talk half off or to even add to the position. Because this pair just moves so much its easy to have regrets when you close trade and it goes an extra 100 pips.
  • #11,020
  • Feb 20, 2014 4:32am Feb 20, 2014 4:32am
Quoting SnaveForex
{quote}
LOL, im still in this trade just by the skin of my teeth.... Above 170.20 i will feel very confident!

Lets see
Cheers!!
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