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Geppy's Geppy Thread (GBP/JPY)

  • #11,801
  • Mar 11, 2014 8:15am Mar 11, 2014 8:15am
Quoting Islander
I got fed up with The Dragon playing games.....long cable in the 15:04 bar Edit: out for a dozen in 3 minutes....and I'm finished for the day....
Islander, you kinda stress yourself, if you dont mind me to note it
  • #11,802
  • Mar 11, 2014 9:01am Mar 11, 2014 9:01am
Quoting FX-Ray
{quote} Islander, you kinda stress yourself, if you dont mind me to note it
LOL - no problem.....now wait until we get back to 250 pip days......then I NEED to get to the water fountain...
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Trading Levels with WRBs
  • #11,803
  • Mar 11, 2014 9:06am Mar 11, 2014 9:06am
Quoting Wuza
{quote} Then buy it in loger term ) {image} We've got an possible rising wedge present on higher time frames, for now 171,4-5 supply zone holds so we might see some up momentum to the daily pivot point which is not far away now. In longer term I'd look for break of that rising wedge to the downside with targets below 170 figure, but that's not an intraday analysis.
Wuza, which technical platform you use?
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #11,804
  • Mar 11, 2014 9:12am Mar 11, 2014 9:12am
I reside in the U.S. so London is open the time I sleep. My sell order still looks good. The DOW Jones and GBP/JPY are leaking out slowly. It seems bank news algorithms are scanning for resolutions on the Ukraine crisis but so far there are none. I expect selling pressure to accelerate as the weekend draws closer as long as no agreements are made to stop the referendum to vote Crimea into Russia. I antipcipate panic velocity selling when the Ukraine splits apart, with risky yen carry pairs like GBP/JPY the damage to the recent uptrend should be at maximum, more than any other instrument out there.

147 pips on that initial GJ short, 40 long UJ, 75 more short on GJ and 33 so far with the latest sell order for a total of 295 pips in about 8 trading days.

Go Russia!
Be humble or be humbled.
  • #11,805
  • Mar 11, 2014 9:19am Mar 11, 2014 9:19am
Quoting aviz12
{quote} Wuza, which technical platform you use?
I've used MT4 before but it's a piece of crap so I did my analysis on the tradingview site and now I'm using ING ProTrader.

It's developed by PfSoft ~ check their website If You want to get to know the platform better or try the demo acount of any brokerage that offer that plaform, I'd say that it's way more user friendly and easy to manage then mt4.
  • #11,806
  • Mar 11, 2014 9:21am Mar 11, 2014 9:21am
Quoting Wuza
{quote} I've used MT4 before but it's a piece of crap so I did my analysis on the tradingview site and now I'm using ING ProTrader. It's developed by PfSoft ~ check their website If You want to get to know the platform better or try the demo acount of any brokerage that offer that plaform, I'd say that it's way more user friendly and easy to manage then mt4.
I agree.
I do not like MT4 Charting platform.
I use CTrader ECN though.. But i do not like the technical charting side of it..
Yes PFSoft charting is good, will check it out. Thanks.

By the way You Bullish in GBPJPY.. i am.. and i see this dip to be a slight correction welcoming for buy in dips opportunity. Whats your view.
Or its the Russia & Ukraine news surfacing, impacting JPY safe haven strength ?
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #11,807
  • Mar 11, 2014 9:26am Mar 11, 2014 9:26am
Quoting aviz12
{quote} I agree. I do not like MT4 Charting platform. I use CTrader ECN though.. But i do not like the technical charting side of it.. Yes PFSoft charting is good, will check it out. Thanks. By the way You Bullish in GBPJPY.. i am.. and i see this dip to be a slight correction welcoming for buy in dips opportunity. Whats your view. Or its the Russia & Ukraine news surfacing, impacting JPY safe haven strength ?
I'm bearish on all /YPY pairs at current stage, You might misunderstood but I was quoting the phrase about selling the Yen, so buying Yen means shorting GBP/JPY for example

There are many factors to be taken into consideration here, Crimean issue will support Yen that's obvious, also Kuroda was a bit disapointing with his press conference so we should see some Yen strenght across the boards in mid term. Technicaly speaking an close below 171,4 should open way to sub 171 levels.
  • #11,808
  • Mar 11, 2014 9:31am Mar 11, 2014 9:31am
Quoting Wuza
{quote} I'm bearish on all /YPY pairs at current stage, You might misunderstood but I was quoting the phrase about selling the Yen, so buying Yen means shorting GBP/JPY for example There are many factors to be taken into consideration here, Crimean issue will support Yen that's obvious, also Kuroda was a bit disapointing with his press conference so we should see some Yen strenght across the boards in mid term. Technicaly speaking an close below 171,4 should open way to sub 171 levels.
I see.
However, i still believe Buy in Dips scenario for GBPJPY.
Further weakness in pipe-line for JPY.
Current 100-200 Pips correction is welcoming, for another up-leg of 600-700 Pips.
The Crimean issue, i believe may dust away in coming days. Do not think Russia would put heavy leg, which in return impact its relation with various countries..Its probably rather giving a Warning Wave and showing its strength..Thats aside, Kuroda today was surely a bit disappointing, however there aim is still intact, and for that more JPY weakness in hand.
Sometimes a shaker is required, for a nice up-leg
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #11,809
  • Mar 11, 2014 10:04am Mar 11, 2014 10:04am
Quoting mercy seat
{quote} Jawoll ... ;-|

Quoting mercy seat
{quote} Areas and zones of major relevance has been mentioned there ... currently it has been neutralized ... you can benefit from ping-pong games ... Market has only two directions to make it with ... and I'm not the guy sitting with the crowds and herds of mental nursery cases in the fan curves with a noisy vuvuzela horn ... ### That's my way of views ... structured ... simples as mentioned ... no need to agree neccessarly ... if so ... fine ... if not so ... fine as well ... ;-|

Okay good ...

According to those views expressed before we have been taken trades in two YEN PAIRS as follows :


USD/JPY :

ENTRY series with avg LONG = 103.0511 ...


GBP/JPY :

ENTRY series with avg LONG = 171.3659 ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,810
  • Mar 11, 2014 10:14am Mar 11, 2014 10:14am
Quoting Temujin
I reside in the U.S. so London is open the time I sleep. My sell order still looks good. The DOW Jones and GBP/JPY are leaking out slowly. It seems bank news algorithms are scanning for resolutions on the Ukraine crisis but so far there are none. I expect selling pressure to accelerate as the weekend draws closer as long as no agreements are made to stop the referendum to vote Crimea into Russia. I antipcipate panic velocity selling when the Ukraine splits apart, with risky yen carry pairs like GBP/JPY the damage to the recent uptrend should be...
Crimea capture is almost done deal, only mode of capture is unknown... Full blown capture and annex into Russia or puppet government by forcing current Ukraine gov to resign is unknown. Russia will not back off... even if that mean some sort of sanctions by USA. But any attempted move against Russia will boomerang as it happen in Syria.

Any move to stop Crimea referendum without Russian approval will only urge Russia to take more forceful approach.
  • #11,811
  • Mar 11, 2014 10:16am Mar 11, 2014 10:16am
Oh goodness, Mercy Seat. You're dollar cost averaging these pairs and taking long positions? They are in a down trend, down.
Be humble or be humbled.
  • #11,812
  • Mar 11, 2014 10:29am Mar 11, 2014 10:29am
Soon it will move up.. from no angle its in down-trend.. just correction phase.. and its about to get over..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #11,813
  • Mar 11, 2014 10:31am Mar 11, 2014 10:31am
Quoting Noob Trader
{quote} Crimea capture is almost done deal, only mode of capture is unknown... Full blown capture and annex into Russia or puppet government by forcing current Ukraine gov to resign is unknown. Russia will not back off... even if that mean some sort of sanctions by USA. But any attempted move against Russia will boomerang as it happen in Syria. Any move to stop Crimea referendum without Russian approval will only urge Russia to take more forceful approach.

I agree Trader, Read an interesting NY Times article. Lavrov reported Kerry cancelled when in fact it was Lavrov that refused to answer talking points. Any diplomacy citing the new Ukraine gov. as a starting point to negotiate has been ignored. They are masters of the game these Russians, stalling as they take over every hospital, police station and check point.
Be humble or be humbled.
  • #11,814
  • Mar 11, 2014 10:40am Mar 11, 2014 10:40am
With that BOJ press conference stating no new QE, China credit has now been cut in half. Global event risk like Ukraine.

This market is a sell now. Market top with increased risk.
Be humble or be humbled.
  • #11,815
  • Mar 11, 2014 10:46am Mar 11, 2014 10:46am
Looking for 168.16 followed by 166.93 in the coming days.
Be humble or be humbled.
  • #11,816
  • Mar 11, 2014 11:36am Mar 11, 2014 11:36am
The Ukraine crisis is a red herring.

If it really is such a big global risk event, then Why is it that last week G/J rallied ~465pips U/J rallied ~253pips both without a break.
  • #11,817
  • Mar 11, 2014 11:39am Mar 11, 2014 11:39am
Quoting caldera
The Ukraine crisis is a red herring. If it really is such a big global risk event, then Why is it that last week G/J rallied ~465pips U/J rallied ~253pips both without a break.

It's very normal for markets to ignore events until they no longer ignore them. Happens all the time.
Be humble or be humbled.
  • #11,818
  • Mar 11, 2014 11:41am Mar 11, 2014 11:41am
So Caldera, what is your analysis for GBP/JPY? You know my view.
Be humble or be humbled.
  • #11,819
  • Mar 11, 2014 11:47am Mar 11, 2014 11:47am
dudes..wth? 168-166 in next couple of days? seems like ukraine is a full blown invasion. whered you get all these numbers from anyways?
  • #11,820
  • Mar 11, 2014 11:48am Mar 11, 2014 11:48am
found interesting chart
http://daily-forex-trader.blogspot.c...-11-march.html

bullish cypher pattern..

buy at 170.60 TP 171.60
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