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Geppy's Geppy Thread (GBP/JPY)

  • #11,841
  • Mar 11, 2014 9:40pm Mar 11, 2014 9:40pm
Quoting mercy seat
{quote} Okay good ... Market did move a tad towards higher zone ... corrective in nature ... USD/JPY : ENTRY series with avg LONG = 102.9518 ... some profits taken => partial EXIT in 103.025 zone ... GBP/JPY : ENTRY series with avg LONG = 171.1349 ... some profits taken => partial EXIT in 171.200 zone ... ### Possible re-do procedures taken in consideration ... we will wait for another point of time ... enough for now ... ### Maybe after change of value date ... maybe during Tokyo Session ... we will see ... laters ... ;-|

...


Quoting mercy seat
After ROLL the market is fully neutralized ... Neither neither fish nor fowl ... ;-|


USD/JPY :


I think I will tend to reverse any corrective moves to the upside soon ...

Further decline looks more likely ... some action towards below 102.85 - 102.71 at first ...

And then maybe up again ...


GBP/JPY :


Similar procedures planned ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,842
  • Mar 11, 2014 10:00pm Mar 11, 2014 10:00pm
Quoting mercy seat
{quote} USD/JPY : I think I will tend to reverse any corrective moves to the upside soon ... Further decline looks more likely ... some action towards below 102.85 - 102.71 at first ... And then maybe up again ... GBP/JPY : Similar procedures planned ... ;-|

Quoting mercy seat
After ROLL the market is fully neutralized ... Neither neither fish nor fowl ... ;-|


USD/JPY :


Okey-dokey ...

We did cash all profits and play it A REVERSO for now ... since 103.051 has been given ... been the case at 05h23 CET ...

Further decline looks more likely ... some price action down towards below 102.85 - 102.71 at first ...

And then maybe up again ...

That's what we would like to see ...


GBP/JPY :


Similar procedures planned ... Attachment ... I will report later ... as these pairs are not my only concerns ...

We will see ...

Schaun wir mal!




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,843
  • Mar 11, 2014 10:07pm Mar 11, 2014 10:07pm
Guys,

before You start buying look for the Nikkei.
  • #11,844
  • Mar 11, 2014 10:09pm Mar 11, 2014 10:09pm
Hi,

though i am not much expert, but i believe that still there is lot of potential to go to the 170 first before any real up move, it will still go down and then we have a up move. Let's see how it behaves.
  • #11,845
  • Edited 10:27pm Mar 11, 2014 10:16pm | Edited 10:27pm
Lower highs all time, this thing is F%#*% bearish. Got 15 pips out of it and closed that long. The key to success is to keep your mind nimble and keep changing it.
On top of all the other stuff I've posted here pointing to a growth slow down now it's being reported copper is at it's lowest in almost 4 years. This yen carry is unwinding before our every eyes, it's just deceptive because it's being bid somewhat in each session. The bank agos are just attempting to detect a rally but there is none to be found. I think it will start to a further break down.
Be humble or be humbled.
  • #11,846
  • Mar 11, 2014 10:29pm Mar 11, 2014 10:29pm
GBP/JPY :


Same procedures here ...

We did cash all profits and play it A REVERSO for now ... since 171.199 has been given ... that's been the case at 06h08 CET ...

Further decline looks more likely ... probably we can see some price action down towards below 170.90 and or 170.66 at first ...

And then maybe up again ...

We will see ... critical zone has been mentioned already since yesterday and the day before ... preliminary orders and strategy as shown here ...

Chart with near-term strategies ... Attachment

Schaun wir mal!




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,847
  • Mar 11, 2014 10:30pm Mar 11, 2014 10:30pm
Quoting mazurskilos
Guys, before You start buying look for the Nikkei.
The Nikkei is gonna start to suck bad. No further incentives from the BOJ and taxes are on the way. I don't want to keep selling at this support level or buy it either. I'm out for a while for a try at USD/CHF. Maybe when the Russians take Crimea for good I'll see a reversal, maybe not.
Be humble or be humbled.
  • #11,848
  • Mar 11, 2014 10:41pm Mar 11, 2014 10:41pm
I always love this pair and its my favorite pair, when i got a loss in any other pair, i always earned and recovered from GBP/JPY. I think it,s the best pair till now i traded.
  • #11,849
  • Mar 11, 2014 11:19pm Mar 11, 2014 11:19pm
my new point of view technically,
we are heading towards the lower daily upside channel..
so 169.60-80 could be a turning point, but if doesnt hold, there is room till 167.10 (low 10th of februray)
Attached Image
Online Prop Firms are not the solution
  • #11,850
  • Edited 1:14am Mar 12, 2014 1:00am | Edited 1:14am
Its trying to make a bottom side reversal - negated by a drop below 170.9 - in which case it becomes a southbound continuation
  • #11,851
  • Mar 12, 2014 1:20am Mar 12, 2014 1:20am
Quoting Mpt
Its trying to make a bottom side reversal - negated by a drop below 170.8/9
GM - agreed....the 5m UJ chart is turning up and the 15m UJ chart is showing a potential inverted head & shoulders as it held in the 102.80 S&R zone.

I am now waiting to see IF cable is going to turn up or revisit yesterday's low ~its 6600 area.....whilst it decides, I bought EJ in the 7:55 gmt bar....
Attached Image (click to enlarge)
Click to Enlarge Name: mar12 uj 5m lo.png Size: 53 KB
Trading Levels with WRBs
  • #11,852
  • Mar 12, 2014 1:28am Mar 12, 2014 1:28am
Quoting Mpt
Its trying to make a bottom side reversal - negated by a drop below 170.9 - in which case it becomes a southbound continuation
I agree, 20 ema daily should be good support, nikei reversing as well, but below that line could be a free fall...
  • #11,853
  • Mar 12, 2014 1:33am Mar 12, 2014 1:33am
Yeah, but it turned into a continuation (south) pattern instead - as expected.
  • #11,854
  • Mar 12, 2014 1:50am Mar 12, 2014 1:50am
Anyone noticed the straight bounce from 170.80/60 to 171.60/40? Things getting interesting here.
Add: Liquidity above 171.60, 171.96 and 172.40
Add(2): Minor decision point @ 170.85/83
Add(3): Actual decision point E/J @ 142.60/40; watch it for confirmation
  • #11,855
  • Mar 12, 2014 1:55am Mar 12, 2014 1:55am
Quoting FX-Ray
Anyone noticed the straight bounce from 170.80/60 to 171.60/40? Things getting interesting here. Add: Liquidity above 171.60, 171.96 and 172.40
GM - yes, that was a great call and doubtless you banked some nice pips
Trading Levels with WRBs
  • #11,856
  • Mar 12, 2014 1:58am Mar 12, 2014 1:58am
Quoting Islander
{quote} GM - yes, that was a great call and doubtless you banked some nice pips
Hope im not the only one banked some
  • #11,857
  • Mar 12, 2014 1:59am Mar 12, 2014 1:59am
Major indexes like Dow, S&P,Europe making H&S pattern, is it just coincidence or something else, time will say
  • #11,858
  • Mar 12, 2014 2:14am Mar 12, 2014 2:14am
Quoting Noob Trader
Major indexes like Dow, S&P,Europe making H&S pattern, is it just coincidence or something else, time will say
Based on that premise, GJ bounces out of 168.7 - which just happens to to be the monthly pivot.

Note - many instruments exhibit H&S patterns, which usually fail. Traditionally on GJ , for some strange reason, they often do NOT.
  • #11,859
  • Mar 12, 2014 2:16am Mar 12, 2014 2:16am
March 61.8% breached and now on H4 200ema - could bounce from here - if not, I've got the 76,4% @ 995 followed by the H4 200sma @ 963.
  • #11,860
  • Mar 12, 2014 2:28am Mar 12, 2014 2:28am
Sustain below 170.40/170 would invite more pain to evergreen longers.
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