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Geppy's Geppy Thread (GBP/JPY)

  • #11,201
  • Feb 27, 2014 5:53am Feb 27, 2014 5:53am
Quoting SnaveForex
{quote} lucrative pair...nice break out
Yes it's well worth spending time to really study this pair, because when you get it right, the pips come hard and fast, but notice i said, when you get it right!
  • #11,202
  • Feb 27, 2014 5:55am Feb 27, 2014 5:55am
Quoting FX-Ray
{quote} To give you a advice, ignore dailys, focus on weeklys
I am impatience personality... it took lot of days to achieve daily TF setup, will try to improve it further to reach weekly TF.
  • #11,203
  • Feb 27, 2014 6:00am Feb 27, 2014 6:00am
Quoting Noob Trader
{quote} I am impatience personality... it took lot of days to achieve daily TF setup, will try to improve it further to reach weekly TF.
Truth be told, me too. Emotions will always overwhelming you, thats why its important to be 100,01% disciplined. Emotions will always be there and if you swing two- or three-digit lots you know what I mean
  • #11,204
  • Feb 27, 2014 6:10am Feb 27, 2014 6:10am
Quoting FX-Ray
Hi there, I got mails regarding my view of the YEN Pairs. Wanna make a quick summary because I dont have much time. Major Decision Points of G/J: @ 172.20/00 @ 170.80/60 -we are here- @ 169.40/20 @ 168.40/20 Stop Cascades below 170.10/69.90, if they got triggered probably see 169.40/20 where IŽd like to buy back. Major Decision Points of U/J: Am watching 102.30/102.05 if support we might see new highs, if demand cant hold it we might see tests of the lows. Major Decision Points of E/J: Supply: 140.80/60 Demand: 140.20/39.70 In between is a battlezone,...
Hi FX-Ray, when you speak about support or Demand for example 102.2/ 102.05 did you mean weekly support?
  • #11,205
  • Feb 27, 2014 6:10am Feb 27, 2014 6:10am
Quoting FX-Ray
{quote} Truth be told, me too. Emotions will always overwhelming you, thats why its important to be 100,01% disciplined. Emotions will always be there and if you swing two- or three-digit lots you know what I mean
Yes one wrong decision and whole month hard work gone in dust
  • #11,206
  • Feb 27, 2014 6:19am Feb 27, 2014 6:19am
Quoting k.k
{quote} Hi FX-Ray, when you speak about support or Demand for example 102.2/ 102.05 did you mean weekly support?
Exactly, as it cracked other followed. Same thing with E/J.
  • #11,207
  • Feb 27, 2014 6:22am Feb 27, 2014 6:22am
Quoting FX-Ray
{quote} Exactly, as it cracked other followed. Same thing with E/J.
Thank you for being helpfull.
  • #11,208
  • Feb 27, 2014 6:24am Feb 27, 2014 6:24am
Quoting k.k
{quote} Thank you for being helpfull.
YouŽre welcome
  • #11,209
  • Edited 6:49am Feb 27, 2014 6:35am | Edited 6:49am
Quoting Noob Trader
{quote} Yes one wrong decision and whole month hard work gone in dust
If thats the case you definitely have a bad MM. Size matters in correlation to your account size except you know exactly what you are doing and those funds are full-risk margin.

Add: Major problem of traders is they refuse to see the potential of both sides in the market. If I definitely know im wrong on a trade I immediatly looking for the opposite side without thinking.

Add(2): Love your nickname
  • #11,210
  • Feb 27, 2014 7:48am Feb 27, 2014 7:48am
babay come down
  • #11,211
  • Feb 27, 2014 7:54am Feb 27, 2014 7:54am
Next (minor) stop cascades @ 170.17/12 & 170.40/35 & 170.75/70
  • #11,212
  • Feb 27, 2014 7:55am Feb 27, 2014 7:55am
Quoting FX-Ray
Next stop cascades @ 170.17/12 & 170.40/35 & 170.75/70
Hmm, watching weekly, kinda can see it go even higher then 172, 175?
  • #11,213
  • Feb 27, 2014 7:56am Feb 27, 2014 7:56am
Quoting BlueGas
{quote} Hmm, watching weekly, kinda can see it go even higher then 172
True possible but no reason to get greedy Am satisfied with 172.20/00 ; Serious money has been exchanged there
  • #11,214
  • Feb 27, 2014 8:05am Feb 27, 2014 8:05am
Quoting FX-Ray
Next (minor) stop cascades @ 170.17/12 & 170.40/35 & 170.75/70
Seen that move @ 170.17/12? Stops.

They got punished for not taking Profits.
  • #11,215
  • Feb 27, 2014 8:08am Feb 27, 2014 8:08am
Quoting FX-Ray
{quote} True possible but no reason to get greedy Am satisfied with 172.20/00 ; Serious money has been exchanged there
FX-Ray, thanks for your insight and commentary on the trade - I'm sure a alot of people appreciate reading how you are seeing it 'in the moment'.

Out of interest, are you moving your stops to below the S/R areas (your 3 TPs) as price breaks closes above them?
  • #11,216
  • Feb 27, 2014 8:15am Feb 27, 2014 8:15am
Quoting hollowhead
{quote} FX-Ray, thanks for your insight and commentary on the trade - I'm sure a alot of people appreciate reading how you are seeing it 'in the moment'. Out of interest, are you moving your stops to below the S/R areas (your 3 TPs) as price breaks closes above them?
YouŽre welcome, no big deal. It depends on the trade, sometimes I do, sometimes not but most of the times there is no reason for giving away profits. In the moment I pay attention to 170.10/69.90, its half way of both major decision points. So if IŽd set a stop then below 170.10/69.90.
Like I said in my previous post, those shorts just got punished for it, they were 100Pips in Profit and gave it all away and if they got hurt and feel like revenge they even get short now what is pushing price even higher.

Add: Yes, those TPs are good spots to protect profit margin.
  • #11,217
  • Feb 27, 2014 8:22am Feb 27, 2014 8:22am
Quoting FX-Ray
{quote} YouŽre welcome, no big deal. It depends on the trade, sometimes I do, sometimes not but most of the times there is no reason for giving away profits. In the moment I pay attention to 170.10/69.90, its half way of both major decision points. So if IŽd set a stop then below 170.10/69.90. Like I said in my previous post, those shorts just got punished for it, they were 100Pips in Profit and gave it all away and if they got hurt and feel like revenge they even get short now what is pushing price even higher. Add: Yes, those TPs are good spots...
Thanks
  • #11,218
  • Feb 27, 2014 8:26am Feb 27, 2014 8:26am
Quoting hollowhead
{quote} Thanks
YouŽre welcome. Its funny, as we speak, price rushed. Those arent responsive buyers, those are shorts covering.

Add: Seen that short-wave from 170.25-17? They all gonna cover above 170.30
  • #11,219
  • Feb 27, 2014 8:35am Feb 27, 2014 8:35am
Quoting FX-Ray
{quote} YouŽre welcome. Its funny, as we speak, price rushed. Those arent responsive buyers, those are shorts covering. Add: Seen that short-wave from 170.25-17? They all gonna cover above 170.30
Squeeze on
  • #11,220
  • Feb 27, 2014 8:37am Feb 27, 2014 8:37am
Quoting FX-Ray
Next (minor) stop cascades @ 170.17/12 & 170.40/35 & 170.75/70
170.17/12 & 170.40/35 triggered, next one 170.75/70
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