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Geppy's Geppy Thread (GBP/JPY)

  • #11,761
  • Mar 11, 2014 6:39am Mar 11, 2014 6:39am
H1 200ema bounce. No confirmation to go long yet, but best ( potential opportunity ) to buy since Friday. Hourly chart still bearish, but clear support area @ 17,133 so we'll see.
  • #11,762
  • Mar 11, 2014 6:41am Mar 11, 2014 6:41am
Quoting FX-Ray
Minor decision point @ 171.51/48
Seen that?
Add. Pay attention to 60ish
  • #11,763
  • Mar 11, 2014 6:42am Mar 11, 2014 6:42am
Guys, trading can be stressful... I read somewhere once that if you are stressed while trading then you shouldn't be trading. Just step away compose yourself and then return with a cool head.

I also think calling out trades doesn't really benefit anyone if it is not in context. If you are here to prove that you are right and everyone else is wrong then you are spoiling this thread.

I think if anyone has a need to post a trade, please put it in context... Please at least post some charts showing your analysis, your timeframe and your risk for that particular trade.
  • #11,764
  • Mar 11, 2014 6:46am Mar 11, 2014 6:46am
Quoting FX-Ray
{quote} Seen that? Add. Pay attention to 60ish
I am watching it, won't jump the gun today!

Keep up the good work
  • #11,765
  • Mar 11, 2014 6:48am Mar 11, 2014 6:48am
Quoting caldera
Guys, trading can be stressful... I read somewhere once that if you are stressed while trading then you shouldn't be trading. Just step away compose yourself and then return with a cool head. I also think calling out trades doesn't really benefit anyone if it is not in context. If you are here to prove that you are right and everyone else is wrong then you are spoiling this thread. I think if anyone has a need to post a trade, please put it in context... Please at least post some charts showing your analysis, your timeframe and your risk for that...
Agreed. Out of context it is annoying to say the least, though an initial post explaining what you see and why, followed by the buy or sell levels is fine. Charts for those who want to, but because my charts fr example bear no resemblance to anyone else's, these have limited use, though I can of course only speak for myself.
  • #11,766
  • Mar 11, 2014 6:48am Mar 11, 2014 6:48am
Quoting caldera
Guys, trading can be stressful... I read somewhere once that if you are stressed while trading then you shouldn't be trading. Just step away compose yourself and then return with a cool head. I also think calling out trades doesn't really benefit anyone if it is not in context. If you are here to prove that you are right and everyone else is wrong then you are spoiling this thread. I think if anyone has a need to post a trade, please put it in context... Please at least post some charts showing your analysis, your timeframe and your risk for that...
Calling out trades alone might not be beneficial per se. But talking for hours about the context without any trades is also a waste of time. Its like showing you a package with beautiful paper wrapped around it without ever showing you whats really in there. Its like preaching water and drinking wine.
  • #11,767
  • Mar 11, 2014 6:49am Mar 11, 2014 6:49am
Quoting workingforex
{quote} I am watching it, won't jump the gun today! Keep up the good work
Nice to hear buddy, just like I said I dont like the motion atm, but still a sweet spot.

Short Stops @ 172.40/20 & 173.20/00. Since longs liquidated above 173.20/00 and majority went short there I see liquidity there.
  • #11,768
  • Mar 11, 2014 6:53am Mar 11, 2014 6:53am
Quoting FX-Ray
{quote} No, watch momentum. I dont like the motion atm.
I learn alot from you sir. but i dun understand what u mean by the momentum.. what indication is that? as in how do u read it?
  • #11,769
  • Mar 11, 2014 6:54am Mar 11, 2014 6:54am
Quoting Jrshin
{quote} I learn alot from you sir. but i dun understand what u mean by the momentum.. what indication is that? as in how do u read it?
Jrshin, no indicator, forget about them, what are you seeing in the moment? Thats important.
  • #11,770
  • Mar 11, 2014 6:57am Mar 11, 2014 6:57am
Quoting FX-Ray
{quote} Jrshin, no indicator, forget about them, what are you seeing in the moment? Thats important.
from m15 and m5 it seem that it is going north.. but still unable to break 171.6 at the moment.
  • #11,771
  • Mar 11, 2014 7:00am Mar 11, 2014 7:00am
Quoting Jrshin
{quote} from m15 and m5 it seem that it is going north.. but still unable to break 171.6 at the moment.
Exactly, then wait.
Add: If it does, wait for retrace. Dont buy high and sell low.
  • #11,772
  • Mar 11, 2014 7:00am Mar 11, 2014 7:00am
I think discussing potential setups is in keeping with the purpose of this thread, and helps everybody learn.

Calling out a trade such as you did doesn't.

Can you not see how calling out a 1000 pip trade without a stop loss and without any reasoning or context just doesn't do anything for anyone, except maybe annoy some people.

Quoting SirMcPip
{quote} Calling out trades alone might not be beneficial per se. But talking for hours about the context without any trades is also a waste of time. Its like showing you a package with beautiful paper wrapped around it without ever showing you whats really in there. Its like preaching water and drinking wine.
  • #11,773
  • Mar 11, 2014 7:02am Mar 11, 2014 7:02am
Quoting caldera
I think discussing potential setups is in keeping with the purpose of this thread, and helps everybody learn. Calling out a trade such as you did doesn't. Can you not see how calling out a 1000 pip trade without a stop loss and without any reasoning or context just doesn't do anything for anyone, except maybe annoy some people. {quote}
Exactly Caldera, bullseye.
  • #11,774
  • Mar 11, 2014 7:05am Mar 11, 2014 7:05am
Quoting Mpt
Congratulations people! Every other GJ thread over the years has always devolved into fighting, bickering and general shit-fighting during consolidations and 'difficult' times. For some obscure reason, this particular thread managed to survive for months, if not years without stooping to those previous lows. When things were confused, the thread just went quiet or engaged in idle chit chat. Words were often said, but more in jest or sarcasm than anger. Sadly, today that changed.
Relax MPT, all still the same.
Add: Off my desk, back @ ny session.
  • #11,775
  • Mar 11, 2014 7:11am Mar 11, 2014 7:11am
Hi all

please say me simply, at this price 171.485, whats first S and R? S1 & R1?
And in your idea the trend is bullish or bearish?
and after opening NewYork It will be remain Bullish or Bearish?

Thanks a lot
  • #11,776
  • Mar 11, 2014 7:17am Mar 11, 2014 7:17am
Quoting eNjoyPips
{quote} Thanks for levels Fx-ray, they appear similar to mine Now, at 0200GMT prices should try to go above 173.00. For shorts, I would target 170.3/170.00, valid till 0200GMT next day. Personal Bias: Long towards 173.00. If it hits by US open, short may be in play, depending on P.A during US open.
Seeing this p.a, I do not think long is recommendable at least for today.

Why?

171.7 support has been broken in 4 hour chart. Next destination should be 170.8, then 170.3.

If pair closes above 172.26/30 in 4 hour chart, then upwards towards 173.00/173.55.

Trade safely people.
  • #11,777
  • Mar 11, 2014 7:25am Mar 11, 2014 7:25am
Quoting workingforex
Guys think we need to take a CHILL-PILL. This thread has been very helpful and encouraging for newbies like me, have learnt a lot, still doing. So lets keep on doing the good work and be productive and positive in our talks! Hope peace prevails!! PS Add: FX-RAY has been a very good contributor and patient with everyone! GIVE respect GET respect!!
Totally agree.

All of us have different styles of trading. For now I see some of us here are swing and positional traders. No wrong doing either.

Keep up the good posts from everyone
  • #11,778
  • Mar 11, 2014 7:26am Mar 11, 2014 7:26am
Quoting workingforex
Guys think we need to take a CHILL-PILL. This thread has been very helpful and encouraging for newbies like me, have learnt a lot, still doing. So lets keep on doing the good work and be productive and positive in our talks! Hope peace prevails!! PS Add: FX-RAY has been a very good contributor and patient with everyone! GIVE respect GET respect!!
Well said, lets go further from here.
  • #11,779
  • Mar 11, 2014 7:27am Mar 11, 2014 7:27am
As anticipated, a strong resistance at the 300EMA and a new fall. I anticipate this will continue down through the 50% level, and lets hope it reaches the 75%.
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In life you get 3 types of people, those who can count and those who can't.
  • #11,780
  • Mar 11, 2014 7:32am Mar 11, 2014 7:32am
Quoting HedgePiglet
As anticipated, a strong resistance at the 300EMA and a new fall. I anticipate this will continue down through the 50% level, and lets hope it reaches the 75%. {image}
If fibs or moving averages are playing a part in this equation, it's more by coincidence than by design
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