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Geppy's Geppy Thread (GBP/JPY)

  • #11,021
  • Feb 20, 2014 4:33am Feb 20, 2014 4:33am
Quoting IveGotQuads
{quote} 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.
I know, you just never know with this pair, really just best to set your tp, and not be greedy because for every trade where you leave pips on the table, there;s another where you give them back. Nice trade though
  • #11,022
  • Feb 20, 2014 4:41am Feb 20, 2014 4:41am
Quoting cat
{quote} I know, you just never know with this pair, really just best to set your tp, and not be greedy because for every trade where you leave pips on the table, there;s another where you give them back. Nice trade though
thx, took half off @ 169.89 and moved Sl to BE ...final target @ 170.30 will go catch some zzzz's and check back when NY opens . Cheers
  • #11,023
  • Feb 20, 2014 4:43am Feb 20, 2014 4:43am
Quoting IveGotQuads
{quote} thx, took half off @ 169.89 and moved Sl to BE ...final target @ 170.30 will go catch some zzzz's and check back when NY opens . Cheers
nice one!
  • #11,024
  • Feb 20, 2014 8:09am Feb 20, 2014 8:09am
Trade in nice profit now from just missing my SL by 0.7 pips LOL

SL moved to BE+10 pips target 172.00/173.00 of course we need to get above 171.00 and close above this level!
Cheers!!
  • #11,025
  • Feb 20, 2014 8:14am Feb 20, 2014 8:14am
Quoting PipsMaster23
Trade in nice profit now from just missing my SL by 0.7 pips LOL SL moved to BE+10 pips target 172.00/173.00 of course we need to get above 171.00 and close above this level!
A lot of sellers are rushing in now
  • #11,026
  • Feb 20, 2014 8:16am Feb 20, 2014 8:16am
WTF is going on with this pair? I'm totally lost...180 or 160, it's chopping up my account and my mental space
  • #11,027
  • Feb 20, 2014 8:21am Feb 20, 2014 8:21am
You may not be able to see it on the hourly charts but if you check the 15 mins the bull run was very slow getting up and have made its intraday 3rd push already. May still go up as trading is is unpredictable but from experience and high probability set ups, NY session usually sends this opposite London
  • #11,028
  • Feb 20, 2014 8:36am Feb 20, 2014 8:36am
I took a small short at the 1H TL. Expecting some risk off in the next few sessions.
  • #11,029
  • Feb 20, 2014 8:40am Feb 20, 2014 8:40am
Quoting monkey@forex
WTF is going on with this pair? I'm totally lost...180 or 160, it's chopping up my account and my mental space
always expect the unexpected with the ' Beast'
  • #11,030
  • Feb 20, 2014 8:53am Feb 20, 2014 8:53am
Was hoping for a better short entry but managed @ 170.58 will be looking to hold this till friday afternoon. we can see on the 4hrly charts that we have been making lower highs so far for a while now, combined with the piercing of the 50 SMA . Whatever bullish momentum/trend we had is fading fast and the bears are rushing in full force. happy pip hunting cheers
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  • #11,031
  • Feb 20, 2014 9:18am Feb 20, 2014 9:18am
Agree for a short call.. might get to see testing of 168.4 soon
  • #11,032
  • Feb 20, 2014 9:36am Feb 20, 2014 9:36am
Also shorting on this pair.
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  • #11,033
  • Feb 20, 2014 9:39am Feb 20, 2014 9:39am
Quoting 2301041124
Also shorting on this pair. {image}
I would pay attention to short........
  • #11,034
  • Feb 20, 2014 9:41am Feb 20, 2014 9:41am
Quoting IveGotQuads
Was hoping for a better short entry but managed @ 170.58 will be looking to hold this till friday afternoon. we can see on the 4hrly charts that we have been making lower highs so far for a while now, combined with the piercing of the 50 SMA . Whatever bullish momentum/trend we had is fading fast and the bears are rushing in full force. happy pip hunting cheers {image}
I'm caution, already done 3 times LL/LH
  • #11,035
  • Feb 20, 2014 9:45am Feb 20, 2014 9:45am
Quoting Jrshin
Agree for a short call.. might get to see testing of 168.4 soon
yeah but we have to get past 169.00 - 169.25 zone first. In any event will be looking to take 1st profit @ 169.75 and final @ around that 169.00 to 25 zone. If we can just get the bulls off the train, they really putting up a tough fight. Anyway done for the day, gl to everyone
  • #11,036
  • Feb 20, 2014 10:27am Feb 20, 2014 10:27am
Here's what I think: for yen to weaken it would require inflation or economic data in Japan to start faltering (that's happening), for yen to strengthen we would need a risk off environment ( euro crisis resolved, US debt problems kicked down the road, china...who knows the truth)...Gbp to strengthen or weaken all dependent on economic data which is strong to mixed right now...so I think GBp/yen will strengthen further...
  • #11,037
  • Feb 20, 2014 10:36am Feb 20, 2014 10:36am
shorting this pair..they are watching this thread... this is a mere example of rinse and repeat ny will drop this thing down like its hot asia will buy this mofo up
  • #11,038
  • Feb 20, 2014 12:23pm Feb 20, 2014 12:23pm
Quoting caldera
New channel forming? {image}
Channel holding for the time being.
Attached Image (click to enlarge)
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  • #11,039
  • Feb 20, 2014 2:58pm Feb 20, 2014 2:58pm
Just look at the H4 chart, and look at the successive highs all the way through February up to the peak on the 18th. But now we have had two successive lows including today, with the 200ema still acting as support. We're definitely in range mode with the price right now poised in the middle of the range. If my arm was twisted I'd say we'll head down again from here towards the H4 200ema again, but really it's a tough call. See what it looks like early tomorrow morning. Time for beauty sleep.
  • #11,040
  • Feb 20, 2014 4:07pm Feb 20, 2014 4:07pm
Quoting cat
Just look at the H4 chart, and look at the successive highs all the way through February up to the peak on the 18th. But now we have had two successive lows including today, with the 200ema still acting as support. We're definitely in range mode with the price right now poised in the middle of the range. If my arm was twisted I'd say we'll head down again from here towards the H4 200ema again, but really it's a tough call. See what it looks like early tomorrow morning. Time for beauty sleep.
Its meandering in a very small range so far, decided to close the short trade for 20+ pips. No sense in leaving an open trade with not enough momentum. There is also the possibility of price moving up to 171.00 before falling back down. Just have to wait till frankfurt to see, Cheers.
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