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Geppy's Geppy Thread (GBP/JPY)

  • #11,561
  • Mar 6, 2014 4:08am Mar 6, 2014 4:08am
Quoting Islander
{quote} I agree and for me, I would like to see a daily close with increased volume above this area to confirm the continuation after that higher low on Monday.....otherwise, UJ is confined in this rising wedge / triangle....
Indeed.
  • #11,562
  • Mar 6, 2014 5:12am Mar 6, 2014 5:12am
i dun suggest on trading in either direction now.. waiting for the MPC Rate Statement tonight before making a decision
  • #11,563
  • Mar 6, 2014 5:59am Mar 6, 2014 5:59am
Here we go
  • #11,564
  • Mar 6, 2014 6:05am Mar 6, 2014 6:05am
looks like shorts coming in and voila POW..it shoots up 172 printed
  • #11,565
  • Mar 6, 2014 6:26am Mar 6, 2014 6:26am
Its difficult to predict the beast as data awaits... bias is downside, but standing toll and taking all SL
  • #11,566
  • Mar 6, 2014 6:44am Mar 6, 2014 6:44am
Quoting Noob Trader
Its difficult to predict the beast as data awaits... bias is downside, but standing toll and taking all SL
It came like a flash 50 pips into the profit and suddeenly its gone... dunno wether to exit and run for my life or wait? Any help, went long 171.55 dunno what to do with the beast
  • #11,567
  • Mar 6, 2014 6:59am Mar 6, 2014 6:59am
Quoting alukojoshfx
{quote} It came like a flash 50 pips into the profit and suddeenly its gone... dunno wether to exit and run for my life or wait? Any help, went long 171.55 dunno what to do with the beast
in half hour we have unemployment data, waiting for direction is the best recipe for the moment.

It may trap both side so unless you have bigger buffer to contain with , i would cover with BEP as well. Spike on either side can be rough.
  • #11,568
  • Mar 6, 2014 7:00am Mar 6, 2014 7:00am
Exit that trade and wait for another signal
  • #11,569
  • Mar 6, 2014 7:28am Mar 6, 2014 7:28am
Quoting FX-Ray
{quote} Didnt get triggered today, what doesnt mean they disappeared, 2morrow another day. WeŽll see then.
Okay back. Got triggered.

Update:
Minor Decision Point @ 171.75/65
Next major decision point @ 172.00/80 (mentioned here: http://www.forexfactory.com/showthre...12#post7320712)

Add: Break of 172.00/71.80 to the upside and test from above, ill stay bullish; If not probably see a test of 170.80/60 for continuation, again.
  • #11,570
  • Mar 6, 2014 7:33am Mar 6, 2014 7:33am
JPY above 103...
  • #11,571
  • Mar 6, 2014 7:38am Mar 6, 2014 7:38am
http://www.forexfactory.com/showthre...92#post7314192

IŽll stay in for 173.20/00
  • #11,572
  • Mar 6, 2014 7:39am Mar 6, 2014 7:39am
http://www.forexfactory.com/showthre...on#post7310272

172.20/00, done.
  • #11,573
  • Mar 6, 2014 7:40am Mar 6, 2014 7:40am
Quoting FX-Ray
http://www.forexfactory.com/showthre...92#post7314192 IŽll stay in for 173.20/00
Add: Took partials @ 172.20
  • #11,574
  • Mar 6, 2014 7:41am Mar 6, 2014 7:41am
Update:

Minor decision point @ 172.25/17
  • #11,575
  • Mar 6, 2014 7:42am Mar 6, 2014 7:42am
Quoting FX-Ray
http://www.forexfactory.com/showthre...92#post7314192 IŽll stay in for 173.20/00
Same here i'll stay for 173.50.. any opinion cos GJ is a beast
  • #11,576
  • Mar 6, 2014 7:43am Mar 6, 2014 7:43am
Quoting alukojoshfx
{quote} Same here i'll stay for 173.50.. any opinion cos GJ is a beast
Aiming it since monday
  • #11,577
  • Mar 6, 2014 7:44am Mar 6, 2014 7:44am
Quoting FX-Ray
Update: Minor decision point @ 172.25/17
Seen that?
  • #11,578
  • Mar 6, 2014 7:46am Mar 6, 2014 7:46am
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'll take it - TP reached 154 pips on Daily 76.4% fib retracement.
  • #11,579
  • Mar 6, 2014 7:46am Mar 6, 2014 7:46am
Quoting FX-Ray
http://www.forexfactory.com/showthre...92#post7314192 IŽll stay in for 173.20/00
Its time like this I wish I had the guts to stay in my trade and not settle for peanuts ughhhh...so many bad habits from the past !!!
  • #11,580
  • Mar 6, 2014 7:48am Mar 6, 2014 7:48am
Short squeeze
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