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Geppy's Geppy Thread (GBP/JPY)

  • #11,921
  • Mar 13, 2014 12:33am Mar 13, 2014 12:33am
Quoting cat
{quote} okay I've just bought @ 171.06. SL 170.94.
sl so close?
  • #11,922
  • Mar 13, 2014 12:38am Mar 13, 2014 12:38am
Quoting Jrshin
{quote} sl so close?
Yes, but far enough on the TF I entered on, which is 15 sec/1 min, any further and if it goes back past my SL it could fall another to a level that for me is poor R/R. For 12 pips it's worth a shot.
  • #11,923
  • Mar 13, 2014 12:52am Mar 13, 2014 12:52am
Quoting cat
{quote} Yes, but far enough on the TF I entered on, which is 15 sec/1 min, any further and if it goes back past my SL it could fall another to a level that for me is poor R/R. For 12 pips it's worth a shot.
killed it for -1 - if it isn't behaving they way you want, no point hanging on in hope, which is what I always do, get out quickly. Still favour longs today though, but it's got to re-load some more.
  • #11,924
  • Mar 13, 2014 12:57am Mar 13, 2014 12:57am
GM - UJ has just turned back from yesterdays low at 102.62 and has failed to turn its 5m chart up. GU has also turned back from a PVP level at 1.6678, so I am waiting to see what the London Open brings....
Trading Levels with WRBs
  • #11,925
  • Edited 1:45am Mar 13, 2014 1:10am | Edited 1:45am
Sold GJ in 8:04 bar......

Edit: 8:26 took partials +22 GU and UJ stalled at earlier lows...

Edit: 8:42 finally +40 on remainder as GU & UJ stall at S&R levels...
Trading Levels with WRBs
  • #11,926
  • Mar 13, 2014 1:19am Mar 13, 2014 1:19am
H4 shooting star, typically a bearish candle, but, it is positive and closed above the close of the previous candle, so there's hope for bulls. The level it's at now is fairly key as it is the 50% fib retracement level combined with the 15m 100sma which has curled under and now beneath the price. We then have the 61.8% followed by the 76.4% level at 17,045. Beneath that, and we could be falling further.
  • #11,927
  • Mar 13, 2014 1:20am Mar 13, 2014 1:20am
ok we know that GJ on high TF's is bulish(weekly,daily,4hrs)15min TF's seems to build again some loading for bulish
Attached Image (click to enlarge)
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but thats just my 2cent..

GL all
when GOD brings you a challenge he also gives you the power to deal with it
  • #11,928
  • Mar 13, 2014 1:36am Mar 13, 2014 1:36am
Quoting eNjoyPips
{quote} If 170.5/6 level holds, next level is 172, where we would see consolidation. Above 172, next 173.6 (with minor resistance at 173) Below 172, retest of 170.8/6 again. Thursdays and Fridays are good days to trade this pair, since direction is more predictable.
Late post.

171.2 minor resistance rejected.

Price currently back at 170.5/7 levels again.

With Europe open, this pair could retest recent low at 170.1/2 again.

For Shorts: Immediate target 170, followed by 169.6, 169.2, 168.8.

For Longs: If 170.5 holds, 171.2, 172/172.2, 172.8/173.

Add: Being Thursday, things would get tricky prior to US open. If shorts prevail in Europe open, there might be a bounce in US open. Lets see GMT 1200-1400.
  • #11,929
  • Mar 13, 2014 1:40am Mar 13, 2014 1:40am
Quoting eNjoyPips
{quote} Late post. 171.2 minor resistance rejected. Price currently back at 170.5/7 levels again. With Europe open, this pair could retest recent low at 170.1/2 again. For Shorts: Immediate target 170, followed by 169.6, 169.2, 168.8. For Longs: If 170.5 holds, 171.2, 172/172.2, 172.8/173. Add: Being Thursday, things would get tricky prior to US open. If shorts prevail in Europe open, there might be a bounce in US open. Lets see GMT 1200-1400.
To be sincere , how do you have targets for both longs and shorts. Are you in 2 positions at the same time ?
  • #11,930
  • Mar 13, 2014 1:42am Mar 13, 2014 1:42am
Quoting gigicualex
Good Morning, EURUSD reached the top of the channel, which could be a good position to start selling. Entered a sell at 1.3941 8:31CET with possible targets 1.3914/09. More pending sell orders set above at 1.3958, 1.3979, 1.40


Moin Gigi! Moin Jackub!


Good luck with your engagements. If I would be forced to trade then I would eye for GBP/USD pair or some minor Euro or Yen antagonists ...

EUR/USD is not tempting for me at this stage. I don't touch it here. Let's see what our comrade Wuza will have for us ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,931
  • Mar 13, 2014 1:44am Mar 13, 2014 1:44am
Below 170.40 - 170/169.80/169.40 & below 168.80 I am devil
  • #11,932
  • Mar 13, 2014 1:44am Mar 13, 2014 1:44am
Quoting cat
{quote} okay I've just bought @ 171.06. SL 170.94.
Appreciate the position posted,regardless of the outcome. Tired of seeing posters with both long and short targets. PPl really need to stick with one at a time
  • #11,933
  • Mar 13, 2014 1:47am Mar 13, 2014 1:47am
Quoting IveGotQuads
{quote} To be sincere , how do you have targets for both longs and shorts. Are you in 2 positions at the same time ?
Thanks for asking.

A bit of my trading log;

I had a long which was executed yesterday from 170.8, being my decision point. my 2 hour chart rejected 171.18 to be specific, and hence I closed it. Wanted to open long again if any 2 hour closed above that, but it went south and closed at 0800GMT.

I have no shorts open currently, but those levels I provided are what I believe to be good buying dips. Of course we need to see the momentum of the pair heading south, placing limits on those levels would be suicide. That's to say, the levels I provide are not buy and sell signals, but levels of support/resistance.

Currently I would wait for price at 1200GMT. Then I would know if I should open long or short, or sidelined still.

Hope these helps.
  • #11,934
  • Mar 13, 2014 1:48am Mar 13, 2014 1:48am
Buy order triggered @ 170.60 TP 171.12 SL 170.40 , going back to bed. gl to yall
  • #11,935
  • Mar 13, 2014 1:49am Mar 13, 2014 1:49am
Quoting cat
H4 shooting star, typically a bearish candle, but, it is positive and closed above the close of the previous candle, so there's hope for bulls. The level it's at now is fairly key as it is the 50% fib retracement level combined with the 15m 100sma which has curled under and now beneath the price. We then have the 61.8% followed by the 76.4% level at 17,045. Beneath that, and we could be falling further.

Its also worth remembering that March is the final month for Yen repatriation for their fiscal year end, thus continued downward pressure on UJ would not be unexpected....
Trading Levels with WRBs
  • #11,936
  • Mar 13, 2014 1:52am Mar 13, 2014 1:52am
Quoting Islander
Sold GJ in 8:04 bar...... Edit: 8:26 took partials +22 GU and UJ stalled at earlier lows... Edit: 8:42 finally +40 on remainder as GU & UJ stall at S&R levels...


Chart re above....

BTW, 170.53 is the highest PVP level of the past 80 days.....
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Trading Levels with WRBs
  • #11,937
  • Mar 13, 2014 2:01am Mar 13, 2014 2:01am
Quoting IveGotQuads
{quote} Appreciate the position posted,regardless of the outcome. Tired of seeing posters with both long and short targets. PPl really need to stick with one at a time
Thank you. Right or wrong, it is indeed important to post one's rationale and intention for trades, which I did previously, as merely posting buy here and sell there is useful for neither man nor beast.
  • #11,938
  • Mar 13, 2014 2:05am Mar 13, 2014 2:05am
Quoting IveGotQuads
Buy order triggered @ 170.60 TP 171.12 SL 170.40 , going back to bed. gl to yall
Interesting. I would only go long from 170.25, but even that i consider risky. Consider going BE soon, this looks bearish and could easily dive to 169.5
  • #11,939
  • Mar 13, 2014 2:08am Mar 13, 2014 2:08am
Quoting IveGotQuads
Buy order triggered @ 170.60 TP 171.12 SL 170.40 , going back to bed. gl to yall
Sweet dreams - may you wake up to a basketfull of green pips!
  • #11,940
  • Mar 13, 2014 2:18am Mar 13, 2014 2:18am
Quoting cat
{quote} Thank you. Right or wrong, it is indeed important to post one's rationale and intention for trades, which I did previously, as merely posting buy here and sell there is useful for neither man nor beast.
Might sound weird but my rational is that when the opening traders from the banks or institutions with order flow orders for commerce come on ...say 8 am london time. If their plan is to buy they first of all use the "sell orders " from regular world commerce to drive the price down to get cheaper price in entering their positions. Kudos to the fundamentals and chartists, apart from supply and demand or Major resistance and support zones and all others come second. Off course theres more to the premise but you dont have to agree with me its just my perception.
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