Also thanks to FX-ray who has made my job so much easier with his posts. He has done a lot of the heavy pulling if you ask me. This is by far the hardest pair to trade. 
Geppy's Geppy Thread (GBP/JPY)
- #11,943
- Mar 13, 2014 2:25am Mar 13, 2014 2:25am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
{quote} Sweet dreams - may you wake up to a basketfull of green pips!
Mostly driven by GBP strenght all over the board so far..
Still inside the rising wedge lines, still some risk events conected with Crimean crysisi and 16th March referendum to ba taken into consideration if someone is thinking about longer term entries on /YPY pairs.
On the intraday basis..
Daily Pivot point and the rising wedge worked well as an support, now we are aproaching to the first real obstacle. Ressistance zone and supply zone at current levels 171,4-6. If that's broken then we might see 172 quite fast.
Still inside the rising wedge lines, still some risk events conected with Crimean crysisi and 16th March referendum to ba taken into consideration if someone is thinking about longer term entries on /YPY pairs.
On the intraday basis..
Daily Pivot point and the rising wedge worked well as an support, now we are aproaching to the first real obstacle. Ressistance zone and supply zone at current levels 171,4-6. If that's broken then we might see 172 quite fast.
- #11,956
- Mar 13, 2014 5:14am Mar 13, 2014 5:14am
- | Membership Revoked | Joined Jun 2011 | 4,778 Posts
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 {image}but thats just my 2cent.. GL all
when GOD brings you a challenge he also gives you the power to deal with it
{quote} Agree with u MPT. Purpose of posting is not to show off, but to share our levels/trades so hopefully someone new here would know where and when to react. I really appreciate FX-Ray posting those levels here as that's exactly what we need to know in trading, not when to go long or short. Money is made in both directions, which is the beauty of FX. Good luck for the next 2 days. Signing out till Japan open.
- #11,960
- Edited 6:19am Mar 13, 2014 5:51am | Edited 6:19am
- | Joined Mar 2014 | Status: Trader | 20 Posts
{quote} Don't be so sensitive mate, just take it on the chin and carry on. But honestly, no broker or bank is scrutinizing forex factory to see what traders are doing on the Geppy thread so as to hunt their stops, the notion is ridiculous, although you're not the first person here that I've seen with this imagined scenario. Just stick to your method and ignore other people here if they distract you from your sole purpose, which is to make money.
im hoping my opinion will not start another bout with you dear cat. heres my theory
1. support resistance
2. herding
3. community expand theory (exponentially increase as community rises) as single minded
due to these particular reasoning, i believe these levels can be at least 80% predicted at start of every week and/or every day by professional statisticians and with background of behavioural analysis. though i do discredit the motion that banks/broker do hunt stops/TP, but i do believe than majority of speculators are in loss. this is by default the meaning of speculation itself, to produce price increase/decrease, someone has to lose or gain(though i do not express any hate towards speculators*), for i am too is part speculator. please offer your insights dear cat. and thanks for having my back. my hope for humanity is restored.
...... a friend, alberthall**add: its a common view with classical/non-classical economist that market information timing are not in perfect synchrony, thus the reasons in price instability. as 60%of forex are made up by bankers and 30% to the big players, its a known fact that the last piece of information would be received by us the peasant of forex market(retail traders)