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Geppy's Geppy Thread (GBP/JPY)

  • #11,501
  • Mar 5, 2014 7:01am Mar 5, 2014 7:01am
Quoting cat
{quote} Which it has done - TP 17,230 - though I'll be watching 17,134 very closely ( Daily 76.4% fib which pretty much held right through Feb )
I'm holding for the time being as momentum still looking strong despite what the news may bring. Stop moved to BE.
  • #11,502
  • Mar 5, 2014 7:03am Mar 5, 2014 7:03am
Quoting FX-Ray
News: ADP Non-Farm Employment Change in t-12minutes. Those who not planned news in their trading plan, get out of your position or at least protect profits, no reason to be a cowboy
FX would you mind posting UJ levels as well, much appreciated.

Cheers!
  • #11,503
  • Mar 5, 2014 7:05am Mar 5, 2014 7:05am
Quoting FX-Ray
They are still shorting..unbelievable Add: Halfway of both major decision points @ 172.00/1.80, do not get greedy Add(2): Minor decision point @ 171.25/20 Add(3): Minor decision point below @ 171.05/00

In the 12:30 bar - high volumed 5m spinning top at the S&R level / **25 SS.....BUT this might also be some profit taking rather than outright selling... - I took partials again here - I dont want a news spike down to wipe out too much of my profits.....remember, I'm a day trader, not (yet) a swing trader in GJ.....
Trading Levels with WRBs
  • #11,504
  • Mar 5, 2014 7:09am Mar 5, 2014 7:09am
Quoting workingforex
{quote} FX would you mind posting UJ levels as well, much appreciated. Cheers!
U/J major decision points this week:

104.35/30
104.025/.3975 (halfway)
103.70/65
103.05/00 (halfway)
102.40/35
101.55/50 (halfway)(!)
100.70/65
  • #11,505
  • Mar 5, 2014 7:10am Mar 5, 2014 7:10am
Quoting Islander
{quote} In the 12:30 bar - high volumed 5m spinning top at the S&R level / **25 SS.....BUT this might also be some profit taking rather than outright selling... - I took partials again here - I dont want a news spike down to wipe out too much of my profits.....remember, I'm a day trader, not (yet) a swing trader in GJ.....
Sure, there is nothing wrong with it, profit taking is always right (except you didnt plan otherwise). Profit is profit.
  • #11,506
  • Mar 5, 2014 7:13am Mar 5, 2014 7:13am
my shorts in pain....
  • #11,507
  • Mar 5, 2014 7:14am Mar 5, 2014 7:14am
Quoting Noob Trader
my shorts in pain....
Price?
  • #11,508
  • Mar 5, 2014 7:15am Mar 5, 2014 7:15am
139k.....
  • #11,509
  • Mar 5, 2014 7:16am Mar 5, 2014 7:16am
Sellers inbetween 171.20/10, gonna bail above 171.35/40/45
  • #11,510
  • Mar 5, 2014 7:16am Mar 5, 2014 7:16am
Quoting FX-Ray
{quote} Price?
avg around 170.80...
  • #11,511
  • Mar 5, 2014 7:18am Mar 5, 2014 7:18am
firmness in GBP is killing shorts... someone kick the cable
  • #11,512
  • Mar 5, 2014 7:19am Mar 5, 2014 7:19am
Quoting FX-Ray
Sellers inbetween 171.20/10, they gonna bail above 171.35/40/45
triggering...
  • #11,513
  • Mar 5, 2014 7:20am Mar 5, 2014 7:20am
Quoting Noob Trader
{quote} avg around 170.80...
Thats a bad position, cant help you here atm.
Add: Dont hold on losers, just dont, no matter what, bail if you know you are wrong and get over it as soon as possible!
  • #11,514
  • Mar 5, 2014 7:21am Mar 5, 2014 7:21am
Quoting FX-Ray
Sellers inbetween 171.20/10, gonna bail above 171.35/40/45
Yup, R2 ( 17,146 ) is usually a very good place to take profits for a day trader.
  • #11,515
  • Mar 5, 2014 7:23am Mar 5, 2014 7:23am
Quoting cat
{quote} Yup, R2 ( 17,146 ) is usually a very good place to take profits for a day trader.
Ah well ok wasnt aware about, thanks anyway
  • #11,516
  • Mar 5, 2014 7:24am Mar 5, 2014 7:24am
Quoting Noob Trader
firmness in GBP is killing shorts... someone kick the cable
well I just closed my news trade long in cable.....but I dont trade yards.....

Edit: still holding GJ longs....UJ's spike down held at its 102.32 S&R level....
Trading Levels with WRBs
  • #11,517
  • Mar 5, 2014 7:24am Mar 5, 2014 7:24am
Quoting FX-Ray
{quote} Thats a bad position, cant help you here atm. Add: Dont hold on losers, just dont, no matter what, bail if you know you are wrong and get over it as soon as possible!
I am in bit safe zone due to buffer I keep to trade this pair, because of buffer I can average it out to get my BEP, but my profits of early this week at stake... Will decide what to do after US opens
  • #11,518
  • Mar 5, 2014 7:24am Mar 5, 2014 7:24am
Quoting Noob Trader
{quote} I am in bit safe zone due to buffer I keep to trade this pair, because of buffer I can average it out to get my BEP, but my profits of early this week at stake... Will decide what to do after US opens
Never add to a losing position, period. Add to winners.
  • #11,519
  • Mar 5, 2014 7:26am Mar 5, 2014 7:26am
Quoting FX-Ray
{quote} Ah well ok wasnt aware about, thanks anyway
sarcasm with a smile never hurts
  • #11,520
  • Mar 5, 2014 7:31am Mar 5, 2014 7:31am
Quoting FX-Ray
{quote} Never add to a losing position, period. Add to winners.
I never add new order, I placed all the orders at different ticks... last order pending @ 171.40, orders were for 170.60,170.80,171,171.20,171.40, TGT 169.40, SL 171.80 (last high was placed around this lvl)
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