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Geppy's Geppy Thread (GBP/JPY)

  • #11,241
  • Feb 27, 2014 3:28pm Feb 27, 2014 3:28pm
Today I'm not able to figure out what this crappy is doing.........
  • #11,242
  • Feb 27, 2014 3:37pm Feb 27, 2014 3:37pm
Quoting FX-Ray
{image}
  • #11,243
  • Feb 27, 2014 4:18pm Feb 27, 2014 4:18pm
Time to short ?
  • #11,244
  • Feb 27, 2014 4:28pm Feb 27, 2014 4:28pm
Quoting jimi
Time to short ?
Not sure just yet. A lot of news coming out within the next hour
  • #11,245
  • Edited 5:12pm Feb 27, 2014 4:49pm | Edited 5:12pm
Right. The news and the odd reactions. I am fading breakouts right now for fun, but plan to truly enter the market after the news. I am also watching EJ as I think there is a chance it will hit 140.35/40 before GJ makes a move, and if EJ breaks this level I may hold off to enter later. Best of luck to everyone!
  • #11,246
  • Feb 27, 2014 5:04pm Feb 27, 2014 5:04pm
Quoting Jeremy Oak
{quote} Not sure just yet. A lot of news coming out within the next hour

Seem not as high impact
  • #11,247
  • Feb 27, 2014 5:42pm Feb 27, 2014 5:42pm
Market manufacturing took a hit but CPI was good and household spending increased. Abe san's programs have indeed become effective. The better the data get's the less speculation for more easing in the spring but GBP/JPY is holding on.
Be humble or be humbled.
  • #11,248
  • Feb 27, 2014 5:54pm Feb 27, 2014 5:54pm
excellent jpy data but this shitty does not wanna fall anymore........................
  • #11,249
  • Feb 27, 2014 7:05pm Feb 27, 2014 7:05pm
It's Falling real good now. That mini crash was the tell but here comes Mark Carney to the rescue in 14 hours. Still there is global risk abounding regardless of the S&P's new record high. CNBC reported Yellen blamed the weather, YAY! Really? hmmm. Are they sure it was the weather? The WSJ reported Italy will go bankrupt. Ukraine is about to be cut in two. The pound is a safe haven currency sure but so is the yen and GBP/JPY is the alpha dog of risk appetite. Bank algorithms do not like uncertainty.
Be humble or be humbled.
  • #11,250
  • Feb 27, 2014 8:10pm Feb 27, 2014 8:10pm
Last time the SPX and Nikkei deviated like this was November 2013

I'm pretty skeptical at this point but nothing really bearish about it at right now
Attached Image (click to enlarge)
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  • #11,251
  • Feb 27, 2014 8:42pm Feb 27, 2014 8:42pm
A record high on the S&P in the midst of an EM mini crisis and very poor U.S. data. You don't see it? These stocks are not cheap at all anymore no matter what any analyst says. There is a disconnection between technicals and fundamentals that cannot be ignored forever.

You could be right though. Markets rise 70% of the time. The question Edindzeko is this; How much of the equity prices are solid earnings and real forward-looking growth and how much of it is stimulus, QE, speculation. etc. We are about to find out because the QE will be completely withdrawn by next fall.

Knowing this is pending let's see how confident the bulls are with prices like Amazon at $360 a share and all the rest.

Anyway 50 pips so far shorting GJ. I'll try to hold it but Mark Carney is about to be on with sunshine and ice cream. Buyers get T-shirts and sellers like me get kicked up the arse. We will see.
Be humble or be humbled.
  • #11,252
  • Feb 27, 2014 10:37pm Feb 27, 2014 10:37pm
Quoting jimi
Today I'm not able to figure out what this crappy is doing.........
  • #11,253
  • Edited 1:16am Feb 28, 2014 1:05am | Edited 1:16am
Good Morning,

anyone got that long around 169.40/20?

Actuall decision points
@ 170.10/69.90
@ 170.80/60

Add: Above @ 171.50/30 & 172.20/00 ; Have a feeling this is going to be a interesting friday
Add(2): Levels are still the same
Attached Image (click to enlarge)
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  • #11,254
  • Feb 28, 2014 1:13am Feb 28, 2014 1:13am
Quoting FX-Ray
Good Morning, anyone got that long around 169.40/20? Actuall decision points @ 170.10/69.90 @ 170.80/60 {image}
dem.. u are good
  • #11,255
  • Feb 28, 2014 1:17am Feb 28, 2014 1:17am
It continues to fool both bear and bulls, taking stop loss of weak players on both side, I would continue to remain shorts, with scalping some qty between 169.50-170.50 .
  • #11,256
  • Feb 28, 2014 1:19am Feb 28, 2014 1:19am
Quoting FX-Ray
{image}
If anyone got questions regarding the reading feel free to ask questions here but I really expect you guys read & thought about it before.
  • #11,257
  • Feb 28, 2014 1:28am Feb 28, 2014 1:28am
Quoting FX-Ray
Good Morning, anyone got that long around 169.40/20? Actuall decision points @ 170.10/69.90 @ 170.80/60 Add: Above @ 171.50/30 & 172.20/00 ; Have a feeling this is going to be a interesting friday Add(2): Levels are still the same {image}
Nah, I saw it but i didnt wanna break my rules usually start session @ 7am London time. eek !!!
  • #11,258
  • Feb 28, 2014 1:33am Feb 28, 2014 1:33am
Quoting IveGotQuads
{quote} Nah, I saw it but i didnt wanna break my rules usually start session @ 7am London time. eek !!!
No mistake here then
  • #11,259
  • Feb 28, 2014 1:37am Feb 28, 2014 1:37am
I did go short @ 170.18 ....im quite confident as theres more than 4 confluences supporting the position. The 200 EMA, the coorelation with E/J and U/J...on the 4hrly feb 12th resistance turned to multiple support on the 16th and 26th which acted as resistance again, 5 min doji and inverted hammer. I was really dotting my I and T's this time. Hope it goes well as I need to regain my confidence with the terrible trade yesterday.
  • #11,260
  • Feb 28, 2014 1:41am Feb 28, 2014 1:41am
stopped out +2 pips as I moved SL , really not about to take a hit on friday. sheesh
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