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Geppy's Geppy Thread (GBP/JPY)

  • #12,041
  • Mar 14, 2014 7:31am Mar 14, 2014 7:31am
S&P is making new low right now..
Online Prop Firms are not the solution
  • #12,042
  • Mar 14, 2014 7:44am Mar 14, 2014 7:44am
USDJPY below 100.70 & 98.11 bloodbath, particularly below 98.11 , bang bang 92 or even lower. I am crazy but thats what I am. Trade according to your will power as this is my personal opinion. Gain would be yours so does loss.
  • #12,043
  • Mar 14, 2014 7:54am Mar 14, 2014 7:54am
Check this out... We may be in a buying zone

GBPJPY - Entering the Buying Zone -
http://screencast.com/t/69mGU0J9qW3
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #12,044
  • Mar 14, 2014 8:02am Mar 14, 2014 8:02am
I don't understand why people are going long. You are standing on the tracks with a freight train heading right at you, and you are playing chicken with it by riding towards it on your bicycle.

There is major risk aversion with a major political crisis taking place. And, it's not unusual for GJ to move over 500 pips in 2 days. Check your daily charts.

Trying to pick a top or bottom on a another pair is difficult enough, trying to pick a top or bottom on GJ is potentially suicidal.

I think it's short for now until there are signs of a reversal.

And sometimes, like now it's better to not trade if you're not already in a trade because not being in a trade is better than being in a losing trade.

If you missed this move... don't chase it, let it go. It's dangerous trying to board a train while it's heading down the tracks at breakneck speeds... it's better to wait for the next set up, and to get on the train when it has stopped at a station and you have some idea where it's heading.
  • #12,045
  • Mar 14, 2014 8:13am Mar 14, 2014 8:13am
Quoting caldera
Trying to pick a top or bottom on a another pair is difficult enough, trying to pick a top or bottom on GJ is potentially suicidal.
Perfect line to describe this pair. Better stay away from bus if not boarded at first.
  • #12,046
  • Mar 14, 2014 8:17am Mar 14, 2014 8:17am
Quoting mercy seat
{quote} GBP/JPY : Zack Peng ... sequestration in 168.245 zone ... larger sizes ... Profitable ... And avg BE now at 168.0479 therefore ... ;-|


GBP/JPY :


Bulls might not feel very comfortable anymore ... ...

Critical zone 168.11 has not been broken with a clean cross cut ...

But violated for now ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,047
  • Mar 14, 2014 8:50am Mar 14, 2014 8:50am
Quoting mercy seat
{quote} Critical zone 168.11 has not been broken with a clean cross cut ... But violated for now ... ;-|
Take that back

This could either be a good reversal, the momentum is much stronger when compared to the previous pull backs. I am most probably wrong but hey sharing my thoughts
  • #12,048
  • Mar 14, 2014 9:03am Mar 14, 2014 9:03am
Boom. C'mon 169.40. Might make this more of a guessing game for the day instead of a sure short.

Just hit 200% liquidity. Good morning Friday.
  • #12,049
  • Mar 14, 2014 9:22am Mar 14, 2014 9:22am
Higher Lows in GU, UJ and thus GJ into the US Opens and thank you for a nice 100 pip rally up to the next BRN
Trading Levels with WRBs
  • #12,050
  • Mar 14, 2014 9:39am Mar 14, 2014 9:39am
Quoting eNjoyPips
{quote} 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.
Typical of geppy bouncing on US open, just like yesterday.

Shorts seem to be over for this week, depending on Monday's open. I personally would not enter any shorts now. Long would be preferred but all depending on price action.

This pair has a chance to retest 168 level again, at the same time bouncing of ascending trendline (see aviz12 chart). Should that happen, next week would be a "long" week.

Hope everyone made many pips this week, cuz it has been really eventful!

Levels to watch

For upside: 168.8/169.1, 170.1/170.2, 171.2, 172.0
For downside: 168.2/168, 167.4/167.6, 167.25.

Have a great weekend!
  • #12,051
  • Mar 14, 2014 10:15am Mar 14, 2014 10:15am
Spike was trapped to give false impression... Only monday Russian inaction can support this pair... Russian not gonna back off as per my understanding... only scope if Obama back off after drawing multiple red lines like they one done in Syria. If Obama don't duck then god bless stock markets.
  • #12,052
  • Mar 14, 2014 10:51am Mar 14, 2014 10:51am
Quoting mercy seat
{quote} GBP/JPY : Bulls might not feel very comfortable anymore ... ... Critical zone 168.11 has not been broken with a clean cross cut ... But violated for now ... ;-|


Fair enough buddies ...

Was a nice rodeo today! Flatkovskaya ... Attachment

Have a nice week-end!



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,053
  • Mar 14, 2014 12:51pm Mar 14, 2014 12:51pm
Gbpjpy sellll sellll sellll seelllll seeeelllll!!!!
  • #12,054
  • Mar 14, 2014 12:56pm Mar 14, 2014 12:56pm
Quoting Siuwax88
Gbpjpy sellll sellll sellll seelllll seeeelllll!!!!
Why would you say that?
  • #12,055
  • Mar 14, 2014 1:18pm Mar 14, 2014 1:18pm
Quoting benmoro
{quote} Why would you say that?
Because JEN pisses me off. But it should be quite a BUY GBPJPY and the site, but I do not know what price to go, because I do not know how long it will take ..
  • #12,056
  • Mar 14, 2014 1:21pm Mar 14, 2014 1:21pm
And so I am to buy GBPJPY, who knows if I'm doing well, so we'll see ...
I hate GBPJPY, but I love
  • #12,057
  • Mar 14, 2014 1:31pm Mar 14, 2014 1:31pm
Quoting Siuwax88
And so I am to buy GBPJPY, who knows if I'm doing well, so we'll see ... I hate GBPJPY, but I love
I hope someone would provide a sound analysis on a potential geppy reversal. And yes, the geppy is a love hate relationship.
  • #12,058
  • Mar 14, 2014 2:26pm Mar 14, 2014 2:26pm
Quoting benmoro
{quote} I hope someone would provide a sound analysis on a potential geppy reversal. And yes, the geppy is a love hate relationship.
I can post my view... 167.1 is quite possible (kind of trendline with some of noise in both directions) , but not necessary. If it brakes, then 164 is possible. However, more possible is up, when and how much depends on situation with Ukraine... IF I will open a trade on Monday, it will be long position only.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 82 KB
  • #12,059
  • Mar 14, 2014 3:30pm Mar 14, 2014 3:30pm
What are the chances for a last minute spike as people close their sell positions going into the weekend?
  • #12,060
  • Mar 14, 2014 4:06pm Mar 14, 2014 4:06pm
Quoting Kismet180
What are the chances for a last minute spike as people close their sell positions going into the weekend?
i guess not big.. chanches are there that we open on monday with a gap direction south..
Online Prop Firms are not the solution
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