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Geppy's Geppy Thread (GBP/JPY)

  • #12,121
  • Mar 17, 2014 4:14pm Mar 17, 2014 4:14pm
Quoting mercy seat
GBP/JPY : Corrective consolidation or rebound phase ... might give 169.10-40 at first ... Critical support is considered around 167.70 zone for today ... Attachment ... simplified view ... only very few levels ... if not higher than 170.12 then further downside attempts again ... clean cut of below 167.70 would re-open the downside ... No bullish continuation unless a clean cross of above 170.72 hurdle ... more likely capped for now ... ;-|

EUR/JPY :


Similar trading procedures has been done with this pair. Currently we are short since 141.797 and 141.892 ...

This way ... as shown in chart here ... Attachment ...

But as it is a Monday ... and ROLL is not far away anymore ... therefore we will tend to unwind soon ... irrespective of "so-called" technical setup reasons ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,122
  • Mar 17, 2014 4:22pm Mar 17, 2014 4:22pm
GBP/JPY :


Highest been given (BID) has been 169.607 until now ...


EUR/JPY :


Highest been given (BID) has been 141.977 until now ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,123
  • Mar 17, 2014 8:20pm Mar 17, 2014 8:20pm
Two pairs has been taken in short mode for now ...


GBP/JPY :


Fresh selling actions since 169.585 ...


EUR/JPY :


Fresh selling actions since 141.925 ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,124
  • Mar 17, 2014 8:28pm Mar 17, 2014 8:28pm
Something is........................................................coming.
Be humble or be humbled.
  • #12,125
  • Mar 17, 2014 8:35pm Mar 17, 2014 8:35pm
Who is that person who told me I'd wait 2 years to buy GJ in this area? Come back here you bullish monger. Short AUD at .9090. This market is B.S. Nice relief rally with no risk appetite driver and a backdrop of big risk. Looking to China as a global growth driver but the car is out of gas among all other risk trend extinguishers.
Be humble or be humbled.
  • #12,126
  • Mar 17, 2014 9:31pm Mar 17, 2014 9:31pm
maybe 142.2xx good for short but I dont. just small pulback MA 200 on H1.
BOJ will be more aggressive in weakening yen as the PBOC will do the same and No war in Ukraina
  • #12,127
  • Mar 17, 2014 11:39pm Mar 17, 2014 11:39pm
BEJIING—Zhejiang Xingrun Real Estate Co., a property developer based in a small city south of Shanghai, is unable to repay almost $400 million worth of bank loans, a person at the local government financial affairs office said Tuesday.

The default is unusually large for a developer in one of China's most affluent regions. The person from the financial affairs office in Fenghua city said local government officials have been meeting in recent days to determine how to deal with Zhejiang Xingrun's 2.4 billion yuan worth of bank debt and dispose of the developer's remaining assets. The person declined to give her name and to provide further details.

Calls to Zhejiang Xingrun's office Tuesday morning went unanswered.

The default comes as China's financial system is increasingly showing cracks. Last week, solar components maker Shanghai Chaori Solar Energy Science & Technology Co., became the first Chinese company to default on a domestically-issued bond. Moreover, a number of trust companies have signaled that their borrowers are unlikely to be able to repay their debts.
  • #12,128
  • Mar 17, 2014 11:42pm Mar 17, 2014 11:42pm
Quoting PatienceFx
BEJIING—Zhejiang Xingrun Real Estate Co., a property developer based in a small city south of Shanghai, is unable to repay almost $400 million worth of bank loans, a person at the local government financial affairs office said Tuesday. The default is unusually large for a developer in one of China's most affluent regions. The person from the financial affairs office in Fenghua city said local government officials have been meeting in recent days to determine how to deal with Zhejiang Xingrun's 2.4 billion yuan worth of bank debt and dispose of the...
http://online.wsj.com/news/articles/...46143919333398
  • #12,129
  • Mar 17, 2014 11:53pm Mar 17, 2014 11:53pm
GJ to jump 100 pips here [ 169.50 ]
  • #12,130
  • Mar 18, 2014 1:35am Mar 18, 2014 1:35am
Quoting Noob Trader
{quote} Inability to act is serious fault and being Suprepower, its beginning of end if not corrected within time. As far as Syria, Obama was playing lost game from day 1. Obama is more fool than most of people believed. He is like empty vessel which make lot of noise or you can tag him as paper tiger. If defeat is almost certain than better to remain sideways rather than poking nose in the battle. After Iraq, US was not in position to take unilateral attack on Syria and Putin exploited it to the max. Iran will never be favorable to US regardless...
Then you do not know even the first thing about politics and the rise of power. You underestimate the power Obama wields due to preconceived notions or just plain ignorance. Pls stick to trading , I doubt this is a subject you want to bring your extreme right leaning ideals into . Never ever underestimate anyone who gets to the top in any thing, you dont get there by been nice and you certainly dont get there by luck alone. NO ONE reading this site knows the inner working of congress or the true workings of a super power. Just stick to watching House of cards Shame on you for calling the most powerful man on earth a paper tiger lol . yeah you are a noob for sure.
  • #12,131
  • Mar 18, 2014 1:41am Mar 18, 2014 1:41am
Quoting IveGotQuads
{quote} Then you do not know even the first thing about politics and the rise of power. You underestimate the power Obama wields due to preconceived notions or just plain ignorance. Pls stick to trading , I doubt this is a subject you want to bring your extreme right leaning ideals into . Never ever underestimate anyone who gets to the top in any thing, you dont get there by been nice and you certainly dont get there by luck alone. NO ONE reading this site knows the inner working of congress or the true workings of a super power. Just stick to watching...
  • #12,132
  • Mar 18, 2014 2:06am Mar 18, 2014 2:06am
Quoting mercy seat
Okay ... I will take some rest soon ... Two pairs has been taken in short mode for now ... GBP/JPY : Fresh selling actions since 169.585 ... EUR/JPY : Fresh selling actions since 141.925 ... ;-|


Good morning Europe! Moin fellow traders!

These two pairs has been given some partial profits while in selling and short mode for now ... 07h51 CET start of activities ...


GBP/JPY :


Partial profit taking actions since 169.146 ... result = + 43.9 pips


EUR/JPY :


Partial profit taking actions since 141.575 ... result = + 45.0 pips


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,133
  • Mar 18, 2014 2:26am Mar 18, 2014 2:26am
GBP/JPY :


Some of us might remember those critical zones mentioned before ...

Here we can observe an eight hours barchart with some graphical hints ...

Purple line ... horizontal line ...

Green segment ... border line with a certain higher relevance of final determination ...

Fractal merger and sequestration procedures in 168.95 zone ...


;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-18_08h15_ GBPJPY _ min480 _ (500-spm) barchart (MA55 + CH).PNG Size: 15 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,134
  • Mar 18, 2014 3:23am Mar 18, 2014 3:23am
Quoting PatienceFx
GJ to jump 100 pips here [ 169.50 ]
Good call. Down 100.
  • #12,135
  • Edited 3:41am Mar 18, 2014 3:27am | Edited 3:41am
Quoting eNjoyPips
This week's key levels 172 171.2(key level for this week "long") 170.1/170.2 168.8/169.0 167.8/168 165.6/165.8 164.8/165 (key level for bulls) I believe we will need another leg down to test the lows, probably new low between 167.65-167.8. For longs, 171.2 will be key level for this week. Breach of that level would resume further upside.

We are on the way forming another leg down.

Critical level 167.8. I would like to see if this level holds today.

If it holds, I will go long.

if not, I will look for shorting opportunities.

Will keep updated.

Add: What I meant from "If it holds I will go long" is that if Daily candle closes above 167.8, then I would long around there. Since I don't use SL, I hedge if the position goes against me. Position for my hedge would depend on Daily low for today.
  • #12,136
  • Mar 18, 2014 3:28am Mar 18, 2014 3:28am
Time to get long.
Going Long. Aiming for 700 PIPS in the run of 1-2 months..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #12,137
  • Mar 18, 2014 3:33am Mar 18, 2014 3:33am
Quoting eNjoyPips
{quote} We are on the way forming another leg down. Critical level 167.8. I would like to see if this level holds today. If it holds, I will go long. if not, I will look for shorting opportunities. Will keep updated.

Jawoll! Yes ... we are near critical zone ... it is getting in striking distance ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,138
  • Mar 18, 2014 3:41am Mar 18, 2014 3:41am
Quoting mercy seat
{quote} Buon giorno Gigi! Looks reasonable ... and I wish you good luck with that! Who the heck is "k" ? ;-|

EUR/USD :


Still in a positive stance and it looks set for one more attempt to the upside ... maybe for a move towards 1.3950 - 60 or even up to 1.3980 zone in case of extension ...

Critical zone comes into play around 1.3850 zone and a tad below that ...

Uno momento ... look at my YEN pairs ... beautiful ... ...

Wham bam!

###

GBP/JPY :

We did start to sell in higher zones ... as mentioned and planned before ... and currently our belowed critical zone is getting in striking distance ...

For technical reasons we will unwind and have some EXIT procedures of major parts here around 168.35 area ...

And only a small rest will remain activated ... just in order to remain flexible with ease ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,139
  • Mar 18, 2014 4:11am Mar 18, 2014 4:11am
GBP/JPY :


In this case a bigger picture again ...

And you know the name of the games ...

No ENTRIES no EXITS ... and it is waste of time then ...

For today we have got a re-calculation for our beloved critical support zones at around 167.91 with confirmation keys in case of below 167.55 zone ...

No break no shake!


;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-18_10h01_ GBPJPY _ weekly _ (all-spm) barchart (EMA55).PNG Size: 19 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,140
  • Mar 18, 2014 4:53am Mar 18, 2014 4:53am
Quoting Noob Trader
Anyway back to trading. GBPJPY is unable to break 169.80 while holding 169. Downside bias remains intact.
Bias remains intact. Broken 169, now 168.40, break of 167.70 would invite new low below 164. Sell the rally is the theme for the pair. SL would be above 170 or 170.40
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