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Geppy's Geppy Thread (GBP/JPY)

  • #12,021
  • Mar 14, 2014 1:27am Mar 14, 2014 1:27am
Quoting caldera
This can easily go as low as 167.5. I would not go long unless there is confirmation to go long. {image}
I would go long for 50 pips...
  • #12,022
  • Mar 14, 2014 1:31am Mar 14, 2014 1:31am
Quoting mercy seat
Good morning fellow traders! Buon giorno! Guten Morgen! Bonjour! Moin! ;-|

GBP/JPY :


Currently it is set to slide a few steps further ... Attachment ...

And we are using this opportunity ...

This way ... and by a few extra procedures ... manually ones ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,023
  • Mar 14, 2014 1:43am Mar 14, 2014 1:43am
Quoting mercy seat
{quote} GBP/JPY : Currently it is set to slide a few steps further ... {image} ... And we are using this opportunity ... This way ... and by a few extra procedures ... manually ones ... ;-|

GBP/JPY :


In other words ... currently this pair is in bear territory ... but I'm still willing to buy something here ... for a possible corrective move to the upside ...

At the present stage my avg BE for all long positions in total is @ 168.7147 ...

Prevailing trend on an hourly basis has been a neutralised one ... daily trend is down ... weekly trend is sideways (with mild negative note) ...

And at the present stage I am willing to try it this way as long as 168.11 has not been broken with a clean confirmation (minimum hourly bar) and closing bar basis ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,024
  • Mar 14, 2014 2:17am Mar 14, 2014 2:17am
It simply gives the illusion of trying to get bullish. Under 168.5 it probably dumps again.

It appears on low Tfs to be building a diagonal terminating wedge. But I think it simply LOOKS it.
  • #12,025
  • Mar 14, 2014 2:58am Mar 14, 2014 2:58am
Here is an interesting article that points out some negative effects of Japans monetary stimulus.

It's effectively reducing the average salary of the workers in the country.

http://www.bloomberg.com/news/2014-0...an-credit.html
  • #12,026
  • Mar 14, 2014 2:59am Mar 14, 2014 2:59am
Quoting mercy seat
{quote} GBP/JPY : In other words ... currently this pair is in bear territory ... but I'm still willing to buy something here ... for a possible corrective move to the upside ... At the present stage my avg BE for all long positions in total is @ 168.7147 ... Prevailing trend on an hourly basis has been a neutralised one ... daily trend is down ... weekly trend is sideways (with mild negative note) ... And at the present stage I am willing to try it this way as long as 168.11 has not been broken with a clean...

GBP/JPY :


Currently we are traveling with a total avg BE of 168.6889 ...

As we were using this opportunity to buy some series in dips there ...

Now we can wait ... some position squaring procedures has been taken in consideration above 168.92 zone ... Attachment ...

Easy cruising therefore ... be aware it's a crazy FRIDAY ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,027
  • Mar 14, 2014 3:00am Mar 14, 2014 3:00am
Quoting Temujin
So where are all the GBP/JPY bulls now? Where are all the doubters on the Crimea referendum risk event? Oh Break even btw on GBP/CHF, it sucks.
Averaging

Quoting Temujin
Friends and fellow traders you know I've been bearish on this pair for the last week at least. We are approaching the very significant level of 168.50 on the Daily chart. The reason for this is because it's the 90 period simple moving average. What we are searching for now is an enormous relief rally. We need something in the news. Somehow there must be a way for Putin to reverse this mad course of action without losing face. We had the show of force and the willingness of the people in Crimea to have the country split in two. Clearly the EU and...
Putin will not back off, only point is to see if Obama dare to retaliate or duck again as he did in Syria after drawing multiple red lines.

Quoting giahung4ever
please help me !!!!!!!! how to process please !!! {image}
Never over trade(excessive leverage), I lose some bonus accounts in past due to over trading. Better trade with broker which allow to trade 100 units rather 1000/10000 unit micro lot. You can always trade in 1000/10000 units in account with 100 units allowed but not the otherwise.

As said by caldera, better to close the trade, book lose , get relax and tune yourself for next trade.
  • #12,028
  • Mar 14, 2014 3:09am Mar 14, 2014 3:09am
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.

Wow. Logged onto my pc and saw my long closed and short executed. Didn't see this coming since away from PC.

Quoting eNjoyPips
{quote} My last post for this week. I will be placing longs from 170.8, 170.1, 169.2. TP: 172.6 & 173.55 Reason: 1) 170.8: A lot of resistance (170.8-171) if you see 4 hour chart, especially for month of Feb. 2) 170.1: Ichimoku cloud for 4 hour (yes I use ichimoku and it is very helpful when trading this pair) 3) 169.2: I believe it would not reach till this point, but if it does, it would be mainly due to previous swing low. Targets 172.6 reason: gap trading, I'm sure it would hit this point some time late this week. Target 173.55...
Currently have longs opened at 170.1 and 169.2. Shorts are already closed at 168.8.

Today's Levels

For Long: 171.2, 170.5/170.15, 169.2

For Short: 168.8, 168.2/168.0, 167.25.

My trading strategy: If 4 hour closest below 168.8, I will close my longs and short targeting 168.2/0. If 4 hour closest above 169.2, next target would be 170.15.

Good luck all! Hope everyone made pips from yesterday's movement, and hopefully today too
  • #12,029
  • Edited 4:13am Mar 14, 2014 3:32am | Edited 4:13am
Below 168.5, the triangle formation is probably confirmed and under 168.2 and 167.5 would probably target area around 166.7/8. Much under there, it more than likely is not a triangle and would raise the possibility that GJ has maybe completed.

edit 166.7/8 not 167.7/8
  • #12,030
  • Mar 14, 2014 4:14am Mar 14, 2014 4:14am
Watching for a big spike upward on improving sentiment from U.S. consumers followed by a good fade later in N.Y. because of the uncertainty in Putin's Crimea come Monday. I can't be around for the data release so I'm going to reduce my trade size and go long with USD/CHF. I think the dollar index is at a good place for a turn around due to events over the weekend and the taper in bond buying by the federal reserve is just going to continue. Have a good weekend everyone.
Be humble or be humbled.
  • #12,031
  • Mar 14, 2014 4:56am Mar 14, 2014 4:56am
Quoting Temujin
Watching for a big spike upward on improving sentiment from U.S. consumers followed by a good fade later in N.Y. because of the uncertainty in Putin's Crimea come Monday. I can't be around for the data release so I'm going to reduce my trade size and go long with USD/CHF. I think the dollar index is at a good place for a turn around due to events over the weekend and the taper in bond buying by the federal reserve is just going to continue. Have a good weekend everyone.
Any such spike would probably send it on its way up and mean this move is finished
  • #12,032
  • Mar 14, 2014 5:00am Mar 14, 2014 5:00am
A shark pattern will be likely in daily period!
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 166 KB
  • #12,033
  • Mar 14, 2014 5:12am Mar 14, 2014 5:12am
Quoting Temujin
Watching for a big spike upward on improving sentiment from U.S. consumers followed by a good fade later in N.Y. because of the uncertainty in Putin's Crimea come Monday. I can't be around for the data release so I'm going to reduce my trade size and go long with USD/CHF. I think the dollar index is at a good place for a turn around due to events over the weekend and the taper in bond buying by the federal reserve is just going to continue. Have a good weekend everyone.
Yesterday's high volumed green doji off the 0.8700 handle - a new 2 year low - suggests that some $ buying has already started.....let's see what today's US session brings...
Trading Levels with WRBs
  • #12,034
  • Mar 14, 2014 5:49am Mar 14, 2014 5:49am
Quoting Rickcollins
A shark pattern will be likely in daily period! {image}
You may end up being right (if it doesn't get back up from here shortly)
  • #12,035
  • Mar 14, 2014 6:12am Mar 14, 2014 6:12am
Quoting eNjoyPips
{quote} Wow. Logged onto my pc and saw my long closed and short executed. Didn't see this coming since away from PC. {quote} Currently have longs opened at 170.1 and 169.2. Shorts are already closed at 168.8. Today's Levels For Long: 171.2, 170.5/170.15, 169.2 For Short: 168.8, 168.2/168.0, 167.25. My trading strategy: If 4 hour closest below 168.8, I will close my longs and short targeting 168.2/0. If 4 hour closest above 169.2, next target would be 170.15. Good luck all! Hope everyone made pips from yesterday's movement, and hopefully...
All longs closed since break of 168.8 (168.71 close). Short in play. Beware of bounce during US open. Target 168.2. Followed by 167.25.
  • #12,036
  • Mar 14, 2014 6:17am Mar 14, 2014 6:17am
See this:

GBPJPY Shaker: Whats really happening? Check it Out!
http://screencast.com/t/suIa7slSvK
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #12,037
  • Mar 14, 2014 6:20am Mar 14, 2014 6:20am
God bless evergreen longs if Putin cracks on Ukraine and Obama decides to retaliate... Chances of Obama ducking at last moment is high particular after Syria fiasco but ducking in Ukraine will hit harder to the tag of Super Power. So lets see if Obama dare to stop Putin from annexing or placing puppet government in Crimea.
  • #12,038
  • Mar 14, 2014 6:34am Mar 14, 2014 6:34am
Quoting Noob Trader
God bless evergreen longs if Putin cracks on Ukraine and Obama decides to retaliate... Chances of Obama ducking at last moment is high particular after Syria fiasco but ducking in Ukraine will hit harder to the tag of Super Power. So lets see if Obama dare to stop Putin from annexing or placing puppet government in Crimea.
This move now is, in fact, the one that soon verifies we're in a bullish consolidation - or the start of a significant downtrend.
  • #12,039
  • Mar 14, 2014 6:42am Mar 14, 2014 6:42am
Quoting Mpt
{quote} This move now is, in fact, the one that soon verifies we're in a bullish consolidation - or the start of a significant downtrend.
Bullish or condolidation, the movement is down for now. Bag as much pips as possible!

This means, this week's story is for bears.

Next week's, we'll see Monday.

Have a great weekend all.
  • #12,040
  • Mar 14, 2014 7:12am Mar 14, 2014 7:12am
Looks like UJ has just opened a 4hr candle with a gap down. I wonder if the upcoming US data release is going speed the decent.
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