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Geppy's Geppy Thread (GBP/JPY)

  • #11,861
  • Mar 12, 2014 4:38am Mar 12, 2014 4:38am
If 170.80/60 holds as support next decision point @ 172.00/71.80 & 173.20/00; else 169.40/20
  • #11,862
  • Mar 12, 2014 4:44am Mar 12, 2014 4:44am
Quoting FX-Ray
If 170.80/60 holds as support next decision point @ 172.00/71.80 & 173.20/00; else 169.40/20
yup 170.60-170 is no trade zone as of now. could swing either way
  • #11,863
  • Mar 12, 2014 4:44am Mar 12, 2014 4:44am
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 Add(2): Minor decision point @ 170.85/83 Add(3): Actual decision point E/J @ 142.60/40; watch it for confirmation
E/J back into 142.60/40
  • #11,864
  • Mar 12, 2014 4:46am Mar 12, 2014 4:46am
Minor decision point @ 170.64/58
  • #11,865
  • Mar 12, 2014 4:50am Mar 12, 2014 4:50am
First up then down again scenario ?

Blue rising wedge trend line should work as a support, as Ray said 170,6 level is an decison point acording to pivot points S1 and Fib retracement arount there and if not broken on hourly basis should give a pop up towards 171 or 171,3 in extension.

Attached Image (click to enlarge)
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  • #11,866
  • Mar 12, 2014 4:58am Mar 12, 2014 4:58am
Minor decision point @ 170.80/77
  • #11,867
  • Mar 12, 2014 5:06am Mar 12, 2014 5:06am
Fx-Ray can you please elaborate,when you said decision point, does that me it could go up or down?
  • #11,868
  • Mar 12, 2014 5:11am Mar 12, 2014 5:11am
Quoting FX-Ray
Minor decision point @ 170.80/77
Nice levels Ray, Hope you are doing good buddy!

I still can't understand when/how to decide whether to enter or no or to wait till next decision point. Am I asking too much of a silly question or too much of information ? Would you like to share that please.

Cheers!

PS: Also I just use normal charting tool provided by my broker, is there any good platform or tool that you recommend.
  • #11,869
  • Mar 12, 2014 5:14am Mar 12, 2014 5:14am
Quoting workingforex
{quote} Nice levels Ray, Hope you are doing good buddy! I still can't understand when/how to decide whether to enter or no or to wait till next decision point. Am I asking too much of a silly question or too much of information ? Would you like to share that please. Cheers!
If You already have thoose points marked then it's cool Now just switch to lower time frames each time price reach any of thoose pre defined points/zones and look for reversal candles or thoose which breaks that level/zone. If we are at 170,5 for example and You're looking at H4 chart then switch to 5 minutes chart for example and if it's turning then switch to 15m anc check what's going on there. It's hard to explain but try it and You'll get it )
  • #11,870
  • Mar 12, 2014 5:19am Mar 12, 2014 5:19am
Quoting mercy seat
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 ... {image} Schaun wir mal! ;-|


Done ... and A REVERSO with LONG positions to the upside again ... since 170.510 has been taken ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-12_11h06_min015_can-b-GJ_Spot.png Size: 26 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,871
  • Mar 12, 2014 5:20am Mar 12, 2014 5:20am
Quoting workingforex
{quote} Nice levels Ray, Hope you are doing good buddy! I still can't understand when/how to decide whether to enter or no or to wait till next decision point. Am I asking too much of a silly question or too much of information ? Would you like to share that please. Cheers! PS: Also I just use normal charting tool provided by my broker, is there any good platform or tool that you recommend.
No you dont ask too much, I have nothing to hide. Actually im watching E/J 142.60/40 which is equivalent to G/J 170.80/60; you want to know what happend to both price areas simultaneously.
The advice of Wuza could be a option you might consider but at this one you really need to find the key for yourself. Im sure you can.
  • #11,872
  • Mar 12, 2014 5:24am Mar 12, 2014 5:24am
Quoting mercy seat
{quote} Done ... and A REVERSO with LONG positions to the upside again ... since 170.510 has been taken ... ;-| {image}
Hey, how about we all post in your "by invitation only" thread ??
  • #11,873
  • Mar 12, 2014 5:38am Mar 12, 2014 5:38am
E/J still in 142.60/40 -> actual 142.48
G/J below 170.80/60 -> actual 170.46

Scenario 1: E/J maintain above 142.40; G/J gonna follow back into 170.80/60 => upside (next: 172.00/71.80)
Scenario 2: E/J cant maintain inbetween 142.60/40 and gonna follow G/J => downside (next: 169.40/20)
  • #11,874
  • Mar 12, 2014 5:41am Mar 12, 2014 5:41am
Quoting Wuza
{quote} If You already have thoose points marked then it's cool Now just switch to lower time frames each time price reach any of thoose pre defined points/zones and look for reversal candles or thoose which breaks that level/zone. If we are at 170,5 for example and You're looking at H4 chart then switch to 5 minutes chart for example and if it's turning then switch to 15m anc check what's going on there. It's hard to explain but try it and You'll get it )
Nice stuff Wuza! Will work on that
  • #11,875
  • Mar 12, 2014 5:41am Mar 12, 2014 5:41am
Under 170/170.2 there is not much support at all for quite some time
  • #11,876
  • Mar 12, 2014 5:45am Mar 12, 2014 5:45am
Quoting FX-Ray
{quote} No you dont ask too much, I have nothing to hide. Actually im watching E/J 142.60/40 which is equivalent to G/J 170.80/60; you want to know what happend to both price areas simultaneously. The advice of Wuza could be a option you might consider but at this one you really need to find the key for yourself. Im sure you can.
I am sure Ray, i will find that out one day, as I know I am going to stay here and make it, little by little.

Why I keep on asking is so that you seniors can help me in reducing the learning curve for me. I really appreciate your advice, will take it from there. You did not answer my PS in the last quote.
  • #11,877
  • Mar 12, 2014 5:50am Mar 12, 2014 5:50am
Quoting Kabukabu-FX
Fx-Ray can you please elaborate,when you said decision point, does that me it could go up or down?
Yes indeed. The decision making is up to you then.
  • #11,878
  • Mar 12, 2014 5:54am Mar 12, 2014 5:54am
Quoting workingforex
{quote} I am sure Ray, i will find that out one day, as I know I am going to stay here and make it, little by little. Why I keep on asking is so that you seniors can help me in reducing the learning curve for me. I really appreciate your advice, will take it from there. You did not answer my PS in the last quote.
Seems nothing gets pasts you
Dont wanna make any recommendation here, hope you understand.
  • #11,879
  • Mar 12, 2014 5:55am Mar 12, 2014 5:55am
Minor decision point @ 170.35/28
  • #11,880
  • Mar 12, 2014 6:00am Mar 12, 2014 6:00am
Free fall awaiting... if last low broken around 168.xx... Downside is as crazy as 160. All eyes on Ukraine and Russian behavior.
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