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Geppy's Geppy Thread (GBP/JPY)

  • #11,981
  • Mar 13, 2014 9:35am Mar 13, 2014 9:35am
Quoting caldera
I think it's mostly over growth weakness in China. And there is of course political uncertainty over Ukraine. Right Temujin... {quote}
I'd say it's all technical and Ukraine, and we might see much more if roumors are not only roumors...

Attached Image (click to enlarge)
Click to Enlarge Name: Ukraina5.JPG Size: 24 KB
  • #11,982
  • Mar 13, 2014 9:46am Mar 13, 2014 9:46am
Anyone else think we have a BUY point right now?
  • #11,983
  • Mar 13, 2014 9:47am Mar 13, 2014 9:47am
That H4 candle is ridiculously huge.
  • #11,984
  • Mar 13, 2014 9:49am Mar 13, 2014 9:49am
Quoting Didgeridoo
Anyone else think we have a BUY point right now?
I am buying it currently.. Its surely a buy in Dips opportunity..
Its all Rumours Impact.. and it will reverse back quickly too..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #11,985
  • Mar 13, 2014 9:50am Mar 13, 2014 9:50am
Quoting Wuza
{quote} I'd say it's all technical and Ukraine, and we might see much more if roumors are not only roumors... {image}
Hey Wuza,

What is the name of this service provider.. I forgot the name. I was using them last year..

Thanks
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #11,986
  • Mar 13, 2014 9:50am Mar 13, 2014 9:50am
Quoting Didgeridoo
Anyone else think we have a BUY point right now?
No buying until at least the LL @ 168.80 is tested..
Online Prop Firms are not the solution
  • #11,987
  • Mar 13, 2014 9:53am Mar 13, 2014 9:53am
I really shouldn't of tried to catch this falling knife, got cut pretty bad. I'm going to wait for a clear reversal signal before I go in again.
  • #11,988
  • Mar 13, 2014 9:54am Mar 13, 2014 9:54am
Quoting caldera
That H4 candle is ridiculously huge.
Yeah. Plus, in terms of price action, there is finally some downward hesitation.
  • #11,989
  • Mar 13, 2014 9:57am Mar 13, 2014 9:57am
Quoting caldera
That H4 candle is ridiculously huge.
but it's got nothing on the H6
  • #11,990
  • Mar 13, 2014 9:58am Mar 13, 2014 9:58am
Chinese warships buildup in South China sea in the name of searching Malaysian missing flight , next crisis in the making if Chinese warships don't back off after searching.
  • #11,991
  • Mar 13, 2014 10:14am Mar 13, 2014 10:14am
Quoting mercy seat
Uno momento ... I must trade a little bit ... Great fun ... ;-|


GBP/JPY :


Haa! I never would like to do that with a clumsy java trader ... neither metatrader ... nor anything else suchlike platform ... and I could imagine Wuza knows now what I mean ... Attachment

Goes faster than I could post ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,992
  • Mar 13, 2014 10:29am Mar 13, 2014 10:29am
Good job guys! I've been looking for trading opportunities since the begining of the week and i've stayed tunned to this thread but no trade for me.

What i look for is simple a candle pattern (Piercing line, dark cloud, hammer, shooting star....) in either direction, if long it must be above EMA 100 with default macd above 0 line AND if sell it must be below EMA 200 with default macd below 0 line.

Hopefully this help, hit my target last week which is 200pips and 100pips stp funny it has always been falling withing FX ray decision level and target.

Just trying to contribute my own quota to the thread... will post my trade as soon as i see one, for now sitting on the hands
  • #11,993
  • Mar 13, 2014 10:33am Mar 13, 2014 10:33am
Out of shorts @ 169.37 as broker server behaving rough... Will enter again once server stabilize. hail broker to get me out of shorts.
  • #11,994
  • Mar 13, 2014 10:36am Mar 13, 2014 10:36am
Just some thoughts on the price action today.

It was an engineered move to give a false sense of strength before the slaughter.

I think the main give away was the expanding or broadening wedge which tends to cause the market to become unstable resulting in a big drop.

I think there were signs that JPY would strengthen... negative news out of china, the drop in copper prices... the political turmoil in the Ukraine.

Since yesterday despite multiple attempts UJ couldn't break above 102.84 which was the Low before NFP and an important historical Support/Resistance level.

The negative news out of china in the morning which caused UJ to slip. But not before a rally in GU which was a clever stop hunting exercise which gave a false sense of direction.

GU continued to rally during the London Session but there wasn't any particularly positive stimulus to sustain that move especially when it bounced of the Weekly pivot.

GJ looked as though it had come out of its downtrend from the past few days and that was the whole point.

I think there were some signs suggesting otherwise, the fact that all three UJ, GU and GJ had bounced off their pivots at almost the same time was an important signal, and the fact that positive USD news caused the dollar to weaken and not strengthen which is what we should expect.

170.00 is also an important level for the price to not touch that level after getting so close is rare. It is a level where people like to buy and sell and of course place their stops.
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  • #11,995
  • Edited 11:12am Mar 13, 2014 11:01am | Edited 11:12am
looking for long at 167.50-167-80
u/j magnet at 100.70-100.80

trend should continue, but risk aversion should see more inflow towards safe haven at least until referendum is a done deal

argument for long:1. even with sactions, russia will likely got a back pat rather than full sanction
2. trend line broken thus require drastic action from CB to prevent speculator selloff

argument for short: 1. recent price action are attributed to japanese traders (unconfirmed report)
2. gbp seems to be under a lot of scrutiny from conventional analyst (fxstreet, twitter etc)
3. merkel big talk about full blown economic war with russia
4. talks of western exporters against more QE from BoJ

please correct if idea is ill **analysis based solely on price speculating and forward guidance by CB
  • #11,996
  • Mar 13, 2014 11:12am Mar 13, 2014 11:12am
Quoting caldera
Just some thoughts on the price action today. It was an engineered move to give a false sense of strength before the slaughter. I think the main give away was the expanding or broadening wedge which tends to cause the market to become unstable resulting in a big drop. I think there were signs that JPY would strengthen... negative news out of china, the drop in copper prices... the political turmoil in the Ukraine. Since yesterday despite multiple attempts UJ couldn't break above 102.84 which was the Low before NFP and an important historical Support/Resistance...
Nice interpretation!
That's why I don't use SL anymore. I will use hedge instead.
Dedication brings Satisfaction and Success.
  • #11,997
  • Mar 13, 2014 11:12am Mar 13, 2014 11:12am
Quoting mercy seat
{quote} Wham bam ... Bingo Twingo ... and you know that ... better trading ... than sabbering with the freaks ... ;-|

GBP/JPY :


Here we are ... and major move might be soon over and done for today ... another leg will follow ... Attachment


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #11,998
  • Mar 13, 2014 11:13am Mar 13, 2014 11:13am
Quoting mercy seat
{quote} GBP/JPY : Here we are ... and major move might be soon over and done for today ... another leg will follow ... {image} ;-|
What are those green and red lines on your chart.. Some EA automatic indication lines ?
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #11,999
  • Mar 13, 2014 11:15am Mar 13, 2014 11:15am
Quoting caldera
Just some thoughts on the price action today. It was an engineered move to give a false sense of strength before the slaughter. I think the main give away was the expanding or broadening wedge which tends to cause the market to become unstable resulting in a big drop. I think there were signs that JPY would strengthen... negative news out of china, the drop in copper prices... the political turmoil in the Ukraine. Since yesterday despite multiple attempts UJ couldn't break above 102.84 which was the Low before NFP and an important historical Support/Resistance...


Jawoll ... it's a nice megaphone pattern ... and we managed to cross below its critical zone ... which is much more than welcome ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,000
  • Mar 13, 2014 11:31am Mar 13, 2014 11:31am
Going long 168.55, S3 + Major Support

Aiming for 170, s/l 30 pips. R/R 3:1
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