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Geppy's Geppy Thread (GBP/JPY)

  • #11,401
  • Mar 4, 2014 7:13am Mar 4, 2014 7:13am
Failure to break 170.15 ~170.20 soon may suggest that price compression is again happening in a rounding top. Should that be the case, highs can be expected to be lower and lows lower - until it's finished.

Again, here's an approximate and possible analogy to these moves - dated March 2013. If it's the same, we're crawling down the right side now.



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  • #11,402
  • Mar 4, 2014 8:36am Mar 4, 2014 8:36am
Inserted Video


Think about it.
  • #11,403
  • Mar 4, 2014 8:55am Mar 4, 2014 8:55am
Quoting FX-Ray
http://www.youtube.com/watch?v=2vj-ZmYTGAw Think about it.
truth
  • #11,404
  • Edited 9:41am Mar 4, 2014 9:27am | Edited 9:41am
Quoting FX-Ray
{quote} There you go (weekly). All above support. As long as E/J is able to stay above 139.35/10 and U/J above 101.50/45 I prefer long trades. I prefer shorts above 170.80/60 but still aiming 172.20/00 because it caught my attention for days, serious money exchanged there.. there are still shorts, much liquidity. {image}
Remember this? Check E/J(mid pic).100Pips up from that level. U/J same with some penetration/lost motion (right pic).

Add:
So how many went short below that level @ U/J; How many went short inbetween that level @ E/J; How many went short G/J 169.40/20?
Where are traders still waiting to get short, where to get long? Where are traders with an intact positions likely to cover?
Ask yourself and trade contextual to the according market sentiment.
  • #11,405
  • Mar 4, 2014 10:03am Mar 4, 2014 10:03am
Quoting FX-Ray
{quote} Remember this? Check E/J(mid pic).100Pips up from that level. U/J same with some penetration/lost motion (right pic). Add: So how many went short below that level @ U/J; How many went short inbetween that level @ E/J; How many went short G/J 169.40/20? Where are traders still waiting to get short, where to get long? Where are traders with an intact positions likely to cover? Ask yourself and trade contextual to the according market sentiment.
I have a small short position on UJ at 101.55, and small short position on EJ at 139.55 that I got into last night (figures). I am looking to add to them when they look poised to retrace and will clear them off my sheet.

I also have a small long position on GJ at 170.30, took profit from the small rise this morning. Thought it was going to spike again so I immediately got back in. Looking to add to it in dips and TP around 170.80/60.
  • #11,406
  • Mar 4, 2014 11:11am Mar 4, 2014 11:11am
Let's start the short just a few ago..............
  • #11,407
  • Mar 4, 2014 11:42am Mar 4, 2014 11:42am
Quoting jimi
Let's start the short just a few ago..............
sell pound just like never
  • #11,408
  • Mar 4, 2014 11:59am Mar 4, 2014 11:59am
what does this crappy pair doesn't wanna fall anymore?
  • #11,409
  • Mar 4, 2014 12:02pm Mar 4, 2014 12:02pm
Quoting jimi
{quote} sell pound just like never
K, thanks. Will do. Will start in the morning tough, am too busy now. Hopefully i wont miss this unique chance.
  • #11,410
  • Mar 4, 2014 12:54pm Mar 4, 2014 12:54pm
Quoting jimi
what does this crappy pair doesn't wanna fall anymore?
Looks like the GJ just woke up. You still going short, or are you thinking long?
  • #11,411
  • Mar 4, 2014 1:13pm Mar 4, 2014 1:13pm
building my shorts again in GBPJPY... TF remains same daily.
  • #11,412
  • Mar 4, 2014 2:02pm Mar 4, 2014 2:02pm
@Quads
still with me dude?
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  • #11,413
  • Mar 4, 2014 2:24pm Mar 4, 2014 2:24pm
we love forex
  • #11,414
  • Mar 4, 2014 2:27pm Mar 4, 2014 2:27pm
Quoting jimi
what does this crappy pair doesn't wanna fall anymore?
she is a beast...
  • #11,415
  • Mar 4, 2014 3:18pm Mar 4, 2014 3:18pm
imho, sell hard now,at least i will.edit.. we at some nice areas to sell fom
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  • #11,416
  • Mar 4, 2014 4:17pm Mar 4, 2014 4:17pm
Quoting BlueGas
imho, sell hard now,at least i will.edit.. we at some nice areas to sell fom {image}
Damn............they are buying again..........
  • #11,417
  • Mar 4, 2014 4:46pm Mar 4, 2014 4:46pm
Quoting jimi
{quote} Damn............they are buying again..........
Did anyone see the three long spikes down about forty minutes after the open?

I think someone heavy is selling this pair...

  • #11,418
  • Mar 4, 2014 4:54pm Mar 4, 2014 4:54pm
Quoting Orly
{quote} Did anyone see the three long spikes down about forty minutes after the open? I think someone heavy is selling this pair...
What I see are strong buyers immediatly at the open
  • #11,419
  • Mar 4, 2014 5:12pm Mar 4, 2014 5:12pm
Quoting jimi
{quote} What I see are strong buyers immediatly at the open

And buy on dip again........will see if this crappy turn
  • #11,420
  • Mar 4, 2014 6:32pm Mar 4, 2014 6:32pm
I think right now would be the time to sell this beast big time. Seemingly bulls are getting tired of running with every step (read: candle) and in the big picture, i wouldn't believe it to go over 160-180 pips in one run. Possible, but highly improbable.
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