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Geppy's Geppy Thread (GBP/JPY)

  • #12,201
  • Mar 19, 2014 4:00am Mar 19, 2014 4:00am
Quoting Temujin
Sell it at 169.08.
it may work that way. Gold is dropping so it looks like markets expect a strong USD and less risk appetite...all USD crosses down...any downside surprise from BOE may take GBP down enormously let alone Crimea situation...however I am not putting my money at risk until later today
  • #12,202
  • Edited 5:13am Mar 19, 2014 4:43am | Edited 5:13am
Quoting eNjoyPips
{quote} Based on yesterday's US open ( or a few hours before for US residents), pair held 167.8 critical level. However we are not safe from that level yet. We need to enter 169.2-169.6 zone, with break and 4 hour close above 169.72, to continue extending towards 170.49. Any 4hour close below 167.8, brings new level at 167. Add: 167.8/167.9 might be touched again prior to today's US open. Lets see.
Current sentiment is Up! However, we need to break the above bolded zone area to continue UP.

For anyone who has longs (and that includes me), please be aware that there will be FOMC tonight 1800GMT time. This means prior to that, US open might be a volatile session.

Add: Long already closed in case readers wonder.
Levels to note
167.8/168 today
168.48
169.2/169.6 zone
169.72
  • #12,203
  • Mar 19, 2014 5:17am Mar 19, 2014 5:17am
Quoting mercy seat
{quote} Good morning fellow traders! Moin! ;-|

GBP/JPY :


I just came in and did sell something in 168.90 zone ...

Done at 11h00 CET ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,204
  • Mar 19, 2014 5:30am Mar 19, 2014 5:30am
Quoting mercy seat
{quote} GBP/JPY : I just came in and did sell something in 168.90 zone ... Done at 11h00 CET ... ;-|
Good sell. I sold other pairs instead of this.

What's ur TP like in near term?

Based on mine, 168.48 level is something to consider.
  • #12,205
  • Mar 19, 2014 6:43am Mar 19, 2014 6:43am
Quoting eNjoyPips
{quote} Good sell. I sold other pairs instead of this. What's ur TP like in near term? Based on mine, 168.48 level is something to consider.
Yes ... agreed ... uno momento ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,206
  • Mar 19, 2014 6:44am Mar 19, 2014 6:44am
Quoting mercy seat
{quote} Yes ... agreed ... uno momento ...

GBP/JPY :


We did manage to rise our avg and total BE a tad higher up ...

It is at 169.0305 atm ...

Some profits taken as well in various stages in the time between ...

###

Sterling in recovery games ... Euro still eyeing for 1.4 hurdle ...

Tendency in hourly TF and 20 min TF is pointing to the upside still ...

GJ can try for a move towards 169.35 or 169.50 again ...

Bears might try to defend 169.35 zone ... whereas any clean cross of beyond 169.50 / 70 would concern a change of structures ...

###

On the downside 168.60 - 168.50 has to offer suitable prop up in order to maintain its corrective recovery structures ...

Bulls might try to defend that zone ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,207
  • Mar 19, 2014 7:54am Mar 19, 2014 7:54am
GBP/JPY :


We did manage to rise our avg and total BE a tad higher up again ... afterwards some interim zigzag steps did pay out ...

And currently it is at 169.065 atm ...

Due to some profits taken at various stages in the time between ... and thus we remain flexible ...

###

You need a chart? Here we have a 20 min view ... incl. some settings for PSAR ... EMA + SMA ... Pivots ... usw. etcetera pp ... Attachment


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,208
  • Edited 9:19am Mar 19, 2014 9:08am | Edited 9:19am
Quoting gigicualex
{quote} Yes indeed. Nice movements there while EU stalling

GBP/JPY :


Diving and drifting into profit zones ...

Don't wait too long ... trade instead of ... time is money ... and you know that already ... Attachment ...

And don't forget to cash some from time to time ...

###

In case there are no significant cuts below DPP zone anymore ... then some A REVERSO procedures to the upside might be considered again ...

No need to look out for prices not to come within a convenient course of the time ...

Market has always different facettes to make it with ...

###

Jawoll Gigi ... EU is not that much tempting currently ... Sterling is a nicer gameboy or toy atm ...

And Yen pairs are a little bit nicer too ...

This way we are doing it at the present time ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,209
  • Mar 19, 2014 9:31am Mar 19, 2014 9:31am
Is it just me or are we all waiting for fx-ray to post his levels and bias ....With each person giving both long and short positions one would think either its a demo account or just basically overtrading. This pair isnt to be trifled with and its well known this is the hardest but most rewarding pair to trade, I just do not sense the respect of the markets here.
  • #12,210
  • Mar 19, 2014 9:56am Mar 19, 2014 9:56am
My view...

Long above 169.1

Short below 168.5

The short-medium term trend is turning from short to long.

The news this morning was GBP +ve however, it appears the price is going to gyrate between those levels until FOMC. It seems that's what everyone's waiting for.
  • #12,211
  • Mar 19, 2014 10:13am Mar 19, 2014 10:13am
Quoting IveGotQuads
Is it just me or are we all waiting for fx-ray to post his levels and bias ....With each person giving both long and short positions one would think either its a demo account or just basically overtrading. This pair isnt to be trifled with and its well known this is the hardest but most rewarding pair to trade, I just do not sense the respect of the markets here.
Me too man!! Think he is off for a few days, hopefully comes back soon!!
  • #12,212
  • Mar 19, 2014 10:33am Mar 19, 2014 10:33am
Looks like Gold is showing that more taper than $10b coming. Currency is yet not responding. if more than $10b coming then Yen would be hammered right away.
  • #12,213
  • Mar 19, 2014 1:08pm Mar 19, 2014 1:08pm
Fed tapers $10b on expected line. As per this GBPJPY should continue to drift lower baring some spiker. Sell the rally stands as it is as of now. SL could be 169.80-170.40 play according to self capacity.
  • #12,214
  • Mar 19, 2014 1:35pm Mar 19, 2014 1:35pm
170.1 should be tested before any declines.

Quoting caldera
My view... Long above 169.1 Short below 168.5 The short-medium term trend is turning from short to long. The news this morning was GBP +ve however, it appears the price is going to gyrate between those levels until FOMC. It seems that's what everyone's waiting for.
  • #12,215
  • Mar 19, 2014 7:14pm Mar 19, 2014 7:14pm
I shorted AUD/USD at 0.9115 before the Fed chair speech and market open in N.Y. I'm pleased with the results. Janet Yellen came though for the U.S. dollar as I anticipated and upon my arrival from some business today I logged in hours after the market close to see the market price at 0.9026. I took 74 pips on this trade and I'm close to tripling my account balance in the last 4 weeks of trading. Beating them up so far, oh yes.

I wanted to initially short GJ and I'm glad I did not. For some reason it surged with UJ. Whew!
Be humble or be humbled.
  • #12,216
  • Mar 19, 2014 10:14pm Mar 19, 2014 10:14pm
Quoting khol_hands
{quote} Im long 168.55 tp 169.43
nice call baby
  • #12,217
  • Mar 19, 2014 10:19pm Mar 19, 2014 10:19pm
Looks good, I tried to sell GJ twice in Tokyo and it's not working, had to close the trades, one of them at a 10 pip loss. Since I missed the long trade on GJ, I do see another. I think USD/CAD has overstepped on the hype today. 3 bullish pennants? Come on, that has to come down some............at some point. Sold at 1.1245.
Be humble or be humbled.
  • #12,218
  • Mar 19, 2014 10:34pm Mar 19, 2014 10:34pm
No, no. Bad trade also. Concerned about the dollar nuts, they are out now and all it will take is some scary thing to wind them up again. Not sure what to trade now.
Be humble or be humbled.
  • #12,219
  • Mar 19, 2014 10:39pm Mar 19, 2014 10:39pm
Quoting eNjoyPips
{quote} Based on yesterday's US open ( or a few hours before for US residents), pair held 167.8 critical level. However we are not safe from that level yet. We need to enter 169.2-169.6 zone, with break and 4 hour close above 169.72, to continue extending towards 170.49. Any 4hour close below 167.8, brings new level at 167. Add: 167.8/167.9 might be touched again prior to today's US open. Lets see.

First failure at 169.72 as indicated above. We are in 169.2-169.6 zone now

Consolidation within area now, meaning further bullish movement is imminent. Only 4 hour close below 168.7 would negate bullish movement, and resume bearish movement.

Target prior to 0800GMT is 170.49. If target not reached by that time, 170.15 would be target to be reached by 1600GMT. Last target would be 169.91 by 0000GMT next trading day.

For those wondering what my positions are like, I'm currently long this pair, with TP 170.49 and targets to change as time changes.

Good luck

Add: Today's daily levels

171.2
170.2/170.4
169.7
168.7/168.8 (This is an excellent area for bulls to enter)
167.78/167.9
  • #12,220
  • Mar 19, 2014 10:52pm Mar 19, 2014 10:52pm
Hourly TF => : EURUSD 1.3816 (-1) ... USDCHF 0.8819 (+1) ... GBPUSD 1.6531 (-1) ... USDJPY 102.38 (+4) ... USDCAD 1.1241 (+5) ... EURJPY 141.41 (+3) ... AUDUSD 90.33 (+1) ... NZDUSD 85.37 (±0) ... GBPJPY 169.27 (+2) ... GBPAUD 1.8301 (+2) ... 23h01 CET ... Wednesday 19. Mar 2014



Correlation and probabilities with an estimation of strategic direction and potential alignment (Hourly TF) on a day to day basis ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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