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Geppy's Geppy Thread (GBP/JPY)

  • #12,421
  • Mar 25, 2014 8:38pm Mar 25, 2014 8:38pm
Quoting Mpt
{quote} OK, my dog looked at it and says that if GJ can't stay over 168.7 it will drop. He's also talking about possible reversals, but, hey, he's usually no better than those banks.
Haha! Interesting, There was a DOW Jones rally and GJ is higher but in that same range. Maybe until the end of the month and quarter we will see a slow grind higher. No one wants to be an under performer for Q1.
Be humble or be humbled.
  • #12,422
  • Mar 25, 2014 8:54pm Mar 25, 2014 8:54pm
Quoting mercy seat
{quote} GBP/JPY : And again in selling mode ... ping-pong preferred ... avg @ 169.3001 ... This way as shown here ... and we did it for a third time ... even been long after ROLL ... I couldn't resist ... ;-| {image}

GBP/JPY :


And major profits are taken again ... partials as shown there in charts ... re-do in higher zones considered ... as shown beforehand as well ... Attachment

Maybe this pair can find a kind of bottoming out structure now ...

A REVERSO trades to the upside might be a suitable solution then ...

Tomorrow morning I will be off from here at first ... merger and scale out activated therefore ...

See you later ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,423
  • Mar 25, 2014 9:00pm Mar 25, 2014 9:00pm
it's a nice ranging pair. If and when it breaks from this range, I do think it will go upwards. So I only dare right now buying low and not selling high.
  • #12,424
  • Mar 25, 2014 10:12pm Mar 25, 2014 10:12pm
Oh yes! I have some goods for you now fellow pound/yen traders:

Etsuro Honda, an aide to Prime Minister of Japan Shinzo Abe stated during an interview that the Bank of Japan may add to QE measures in May. This may mean Abe is asserting pressure on the BOJ to ease more because it comes from someone close to Abe but from none of the BOJ members. Easy pips in the hundreds may be on the way soon. In the mean time I'm short EUR/USD. That ECB scare of negative rates so close to another ECB meeting is becoming more real. That money is going to get cheaper real quick.
Attached Image (click to enlarge)
Click to Enlarge Name: nn20130427a2a.jpg Size: 270 KB
Be humble or be humbled.
  • #12,425
  • Mar 25, 2014 11:21pm Mar 25, 2014 11:21pm
E/U Will enter if it crosses 1.3804
It could rise maybe to the 1.3840 area before doing so
Its on my watch list...good call
  • #12,426
  • Mar 26, 2014 3:08am Mar 26, 2014 3:08am
very suspiscious upward movement
  • #12,427
  • Mar 26, 2014 3:15am Mar 26, 2014 3:15am
typical Geppy move - blink and you missed it. Very strong reaction off of the 15m 200ema which caught me examining my naval though I should have known better as there was clear support at around 890. Now I'm looking at H4 and if this move can follow through, I think it'll be capped for today at around 16,980 which is the 200ema with resistance pivot level 2 just above.
  • #12,428
  • Mar 26, 2014 3:18am Mar 26, 2014 3:18am
Quoting IveGotQuads
very suspiscious upward movement
That's what I was thinking, or rather the force behind it. I don't think it's a pump and dump though as the support on charts up to Hi looks solid to me, though H4 is ambiguous to say the least.
  • #12,429
  • Mar 26, 2014 3:40am Mar 26, 2014 3:40am
Quoting PipsMaster23
Cheeky long position taken at 168.69
This Cheeky long seems OK now, i am targeting previous daily highs around the 172/173 levels and perhaps even beyond... i will allow this trade room to breath if need be, but as long as we stay above 168.80 i feel confident.

Daily charts shows the pair highly oversold but there could still be a few knee jerk reactions before a final breakout the the upside comes through... just noise from the market to try and confuse everyone. As always, time will tell!

I am also long EURUSD with VWAP of 1.3777 and i am still holding longs in USDCHF from 0.8710, albeit i have taken 2/3 out of this positions already.


So in a nutshell, i am long EURUSD with targets 1.40, if we break above this pschological level and stay above i see 1.4250/1.44 as top.
GBPUSD and GBPJPY long with 1.68 for GBPUSD and 173.00 for GBPJPY

USDCHF i think 0.8875 is a top for this

Happy trading to all!
Cheers!!
  • #12,430
  • Mar 26, 2014 3:48am Mar 26, 2014 3:48am
Quoting PipsMaster23
{quote} This Cheeky long seems OK now, i am targeting previous daily highs around the 172/173 levels and perhaps even beyond... i will allow this trade room to breath if need be, but as long as we stay above 168.80 i feel confident. Daily charts shows the pair highly oversold but
thats my target in the long run but right now from what my eyes is telling me ill be going short
  • #12,431
  • Mar 26, 2014 3:50am Mar 26, 2014 3:50am
It's simply resisting the 'opportunity" to go back below 168.8. Frankly, it's been in retarded mode since it departed 161 last year. It needs a really good correction to sort it out. The old GJ was free flowing, stuck to trendlines and was sort of predictable - a goodly time in rehab would be good.
  • #12,432
  • Mar 26, 2014 3:51am Mar 26, 2014 3:51am
Quoting cat
{quote} That's what I was thinking, or rather the force behind it. I don't think it's a pump and dump though as the support on charts up to Hi looks solid to me, though H4 is ambiguous to say the least.
by the way if you want to get the "true 200 EMA for the 15 min chart use the 800 EMA " works like a charm
  • #12,433
  • Mar 26, 2014 3:57am Mar 26, 2014 3:57am
Quoting IveGotQuads
{quote} by the way if you want to get the "true 200 EMA for the 15 min chart use the 800 EMA " works like a charm
Well seeing as that's invisible, it works every time!
  • #12,434
  • Mar 26, 2014 4:00am Mar 26, 2014 4:00am
Quoting cat
{quote} Well seeing as that's invisible, it works every time!
ahh my apologies then , must be your platform . But nevermind...ignore what I said
  • #12,435
  • Mar 26, 2014 4:04am Mar 26, 2014 4:04am
Stalemate at the moment between bears who want to take it down from this H1 200ema which has held for the past 4 days, and those holding buy positions from yesterday. For me it just looks a mess right now, though I think we need to go down again to around the Daily central pivot to rebuild to go higher.
  • #12,436
  • Mar 26, 2014 6:50am Mar 26, 2014 6:50am
Quoting SirMcPip
{quote} Stops moved to BE at 168,00 It should now be time for a move north.

Grüezi wohl Mäckie!

Admirable easygoingness!

And yes ... "mit 'nem kleen Stück Schweineglück" ... it could try some rebound activities ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,437
  • Edited 7:25am Mar 26, 2014 7:02am | Edited 7:25am
Quoting Mpt
Many people are now seeing this so-called trendline. We are now probably back inside it, but I think its base now sits at about 168.8/9. Under there, we're outside again. At the same time, I note that the daily and weekly TF are both losing their respective OS conditions. Repeating my post of late last week : http://www.forexfactory.com/showthre...35#post7355935 " The length of time it spends in this area may be an early indication as to its longer term intentions. Obviously, it's had a hard time dropping out and down ; if...
Should it really have been in a rounding bottom all this time, then by inference the correction completed at 167.7. Accordingly, it should start to get very bullish shortly. We will see.

In other words, it should prove itself very soon. One way or the other.
  • #12,438
  • Mar 26, 2014 7:24am Mar 26, 2014 7:24am
Hi traders. Hope you're doing well. Back to Geppy today. Placed a pending sell @ 169,530 with SL @ 169,830.

Good luck today!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #12,439
  • Mar 26, 2014 7:45am Mar 26, 2014 7:45am
Quoting Mr.C
Hi traders. Hope you're doing well. Back to Geppy today. Placed a pending sell @ 169,530 with SL @ 169,830. Good luck today!
GBP/JPY sell activated @ 169,510. Same SL @ 169,830.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #12,440
  • Mar 26, 2014 8:09am Mar 26, 2014 8:09am
Quoting Mr.C
{quote} GBP/JPY sell activated @ 169,510. Same SL @ 169,830.
And target is?
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