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Geppy's Geppy Thread (GBP/JPY)

  • #11,961
  • Mar 13, 2014 5:51am Mar 13, 2014 5:51am
Interestingly UJ GU and GJ have all just bounced off their weekly Pivots at almost the same time.
  • #11,962
  • Mar 13, 2014 5:52am Mar 13, 2014 5:52am
Quoting alberthall
{quote} i am very shocked that not only my apology are not accepted by you, but ending up being ridiculed. i too have feelings sir. and i dig deep and kneel to ask for forgiveness not just from you but all the people who taken my words as harm. i know its my mistake to be insensitive, and i thank you for correcting me, and begged for forgiveness. but as another human being to another, to be treated as is i am but a dog, trying to show his territory and prowess. im deeply ashamed how this situation turned out to be. and by that, i say i am disappointed...
Then please understand that money is being made both ways. Right now, it's a little hard to work out whether we have an uptrend starting or whether its another correction. Once we a have a confirmed trend running, others will post regularly as to anticipated resistance/support levels that may assist.

Stick with the thread and it may help (at least a little more than others, anyway). Best wishes.
  • #11,963
  • Mar 13, 2014 6:04am Mar 13, 2014 6:04am
Quoting alberthall
{quote} dear cat 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....
Your theory sounds wonderful, and if it helps you make money, then it is even more wonderful. Personally, theories give me a headache, I have enough on my plate just trying to work out price movement. You are welcome to this thread which is definitely one of the best on FF, but don't be too offended if some of your theories/views/opinions etc are questioned by others, but on the whole the people I've seen on this thread are a decent, well-mannered bunch who just want to earn money trading forex, without the abuse I've come across on some of the other threads. This pair is also the best to trade, a bitch at times, but it moves like no other, which is what we want. Take it easy pal
  • #11,964
  • Mar 13, 2014 6:05am Mar 13, 2014 6:05am
Quoting Mpt
{quote} Then please understand that money is being made both ways. Right now, it's a little hard to work out whether we have an uptrend starting or whether its another correction. Once we a have a confirmed trend running, others will post regularly as to anticipated resistance/support levels that may assist. Stick with the thread and it may help (at least a little more than others, anyway). Best wishes.
i support that. in my opinion the market right now is not a really a good place for investors, too many uncertainties. i would stay away from it myself and maybe take a vacation or two until all these are settled down. im but too greedy to stop. maybe until i hit my monthly limit of -5% capital.. a common problem with us traders i would concur.
  • #11,965
  • Mar 13, 2014 6:28am Mar 13, 2014 6:28am
I think you need to be a little clear in your own mind if you want to trade long term (invest as you say) or trade short term.

You should know that most people posting here are probably going to be day traders or short to medium term traders and the sentiment of these traders can change very quickly, and become confusing especially if you are looking at long term trades.

Also something worth noting... trading is stressful so making comments or remarks that are not particularly helpful will annoy some traders.

Quoting alberthall
{quote} i support that. in my opinion the market right now is not a really a good place for investors, too many uncertainties. i would stay away from it myself and maybe take a vacation or two until all these are settled down. im but too greedy to stop. maybe until i hit my monthly limit of -5% capital.. a common problem with us traders i would concur.
  • #11,966
  • Mar 13, 2014 6:35am Mar 13, 2014 6:35am
Time to lighten the mood here on the Geppy thread - this one normally gets a few laughs for those that haven't seen it, and those that have
Inserted Video
  • #11,967
  • Edited 7:14am Mar 13, 2014 6:41am | Edited 7:14am
Quoting caldera
I think you need to be a little clear in your own mind if you want to trade long term (invest as you say) or trade short term. You should know that most people posting here are probably going to be day traders or short to medium term traders and the sentiment of these traders can change very quickly, and become confusing especially if you are looking at long term trades. Also something worth noting... trading is stressful so making comments or remarks that are not particularly helpful will annoy some traders. {quote}
lol. sorry for the typo. i rarely distinguished traders and investors. but what i meant is traders. hope this does not confuse anybody.

my usual dictionary:traders/investors=1day-2months (techs and fundamentals), implied vot, bond yields, sentiment, charting etc
business=yearly by measuring yearly income, eg carry, portfolio balance model, deficit, etc (mainly fundamentals)

hope this clears things out dear sire caldera, if you pardon the pun( as to quotemoses beacon)... *im thinking of caldera from mount and blade alberthall

**add, and thanks for the advice, i hope i will abstain from such comments in the near future. after all, i think ive found my home(for exchanging forex ideas between average joes likes us)

**add, and for newbs(not to seniors) in forex market that trade on short term basis, you should understand that forex are controlled by banks and libor and all those nonsense that you dont need to know. if you trade short term, advise yourself that currency most likely will not fall couple of thousand pips in couple of days, even if it did, CB will always offset that by influxing/efflux reserves as to offset any imbalance that may come at a cost to ones countrys loss. so if you believe that youre too good to be in a position its better to TP unless going with the trend; trend supports the idea of CB(their true nature as to call it)/ this only applies to most G7/advanced countries(high current account etc), EM are different in context due to high interest and capital flow instability. learned that the hard way with -120% of my capital.
  • #11,968
  • Mar 13, 2014 6:44am Mar 13, 2014 6:44am
Quoting cat
Time to lighten the mood here on the Geppy thread - this one normally gets a few laughs for those that haven't seen it, and those that have http://www.youtube.com/watch?v=mszDh2D75es
  • #11,969
  • Mar 13, 2014 7:10am Mar 13, 2014 7:10am
Quoting FX-Ray
{quote} E/J above 142.60/40; G/J inbetween 170.80/60; stops above 80ish If G/J finds demand @ 170.80/60 it bottomed out here (check weekly). Off my desk, laters
quick update
Attached Image (click to enlarge)
Click to Enlarge Name: actual.png Size: 50 KB
  • #11,970
  • Mar 13, 2014 7:12am Mar 13, 2014 7:12am
I still think we're going higher. What I want to see is price to now drop to 17,100. I've got great support now on the 15m chart from 17,112 down to 17,081, but I've chosen my level because it's the 15m 200sma/61,8% fib. For me momentum is now headed north for the rest of today though I might miss out as I've got to pick the nipper up from school in 30 mins. Let's see how wrong I can be this time
  • #11,971
  • Mar 13, 2014 7:27am Mar 13, 2014 7:27am
Quoting FX-Ray
{quote} quick update {image}
Minor decision point @ 170.99/93

off my desk laters
  • #11,972
  • Mar 13, 2014 7:39am Mar 13, 2014 7:39am
Quoting mercy seat
{quote} 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 ... ;-|


GBP/JPY :


Hi ... comrades ... I just came back ... and I couldn't resist ... Attachment


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,973
  • Mar 13, 2014 7:52am Mar 13, 2014 7:52am
Quoting mercy seat
{quote} GBP/JPY : Hi ... comrades ... I just came back ... and I couldn't resist ... {image} ;-|

Quoting mercy seat
GBP/JPY : Hi ... comrades ... I just came back ... and I couldn't resist ... ;-| {image}

Wham bam ...

170.661 ... partial profits within very short time ...

Done 15h47 CET ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,974
  • Mar 13, 2014 8:10am Mar 13, 2014 8:10am
UJ is falling like a rock.

The only hope for longs is if GU can break above the weekly pivot. But without any positive news it doesn't look like it will.

Again, 170.63 needs to hold on GJ for longs. If it goes then the price will continue its downtrend and will fall heavily.
  • #11,975
  • Mar 13, 2014 8:13am Mar 13, 2014 8:13am
On the eve of huge political turmoil and GJ has erased all it's gains. Just for fun does anyone care to guess the opening price Monday morning just after the vote for Crimea to be part of Russia? Woke up to 20 pips on GBP/CHF, almost the same as I left it last night in London. Now the pair is being bid with vigorous enthusiasm.
Be humble or be humbled.
  • #11,976
  • Mar 13, 2014 8:41am Mar 13, 2014 8:41am
Wow.. broke resistance and came back down.. what is happening to yen?
  • #11,977
  • Mar 13, 2014 8:43am Mar 13, 2014 8:43am
my levels have been blown away by that strong downmove, but, we are now on the H4 200ema which you'll see is holding the price at the moment. The close of the 4 hour candle in 18 mins above or below the 200ema could determine whether it holds or drops further.
  • #11,978
  • Mar 13, 2014 8:55am Mar 13, 2014 8:55am
i hate to say this.. but.. sell!! every1
  • #11,979
  • Mar 13, 2014 9:02am Mar 13, 2014 9:02am
I think it's mostly over growth weakness in China.

And there is of course political uncertainty over Ukraine. Right Temujin...

Quoting Jrshin
Wow.. broke resistance and came back down.. what is happening to yen?
  • #11,980
  • Mar 13, 2014 9:34am Mar 13, 2014 9:34am
Quoting Noob Trader
Below 170.40 - 170/169.80/169.40 & below 168.80 I am devil
169.68 low, god bless evergreen longers if sustains below 169.80 ...
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