Geppy's Geppy Thread (GBP/JPY) | Page 624 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Geppy - Pick the bottom 18 replies

Lets Talk GBP/JPY "the geppy" 156 replies

geppy is "ugly" when ? 14 replies

Geppy outlook 0 replies

Attachments: Geppy's Geppy Thread (GBP/JPY)
Exit Attachments

Geppy's Geppy Thread (GBP/JPY)

  • #12,461
  • Mar 27, 2014 4:49am Mar 27, 2014 4:49am
Quoting PipsMaster23
BIG SMILEY FACE!!!!
So far 120+ pips to the good (entry 168.69)... moving SL to 169.499 Hoping for price to get above and stay above 170.15 (161.8% Fibo projection)

Hopefully GBP strength will carry EURUSD and EURJPY, i have just entered long on both pairs, albeit small initial positions till price does start moving in favor then will add more as it goes...
Cheers!!
  • #12,462
  • Mar 27, 2014 5:43am Mar 27, 2014 5:43am
An interesting place for the price to stop.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4.png Size: 52 KB
  • #12,463
  • Mar 27, 2014 5:53am Mar 27, 2014 5:53am
Quoting caldera
An interesting place for the price to stop. {image}

Indeed - also a BRN and the 38% retrace of fall in the first part of the month. It was also the December high and is the 80 day VWAP.....
Trading Levels with WRBs
  • #12,464
  • Mar 27, 2014 5:56am Mar 27, 2014 5:56am
Quoting mercy seat
{quote} Hopefully it has been dewormed ... Haa! Okay good ... Now we are diving into profitable sequestration borderlines ... and this will automatically create fresh sell limits in higher zones ... ;-| {image}

You see that? ...

Okay good ...

GBP/JPY :

Now we are diving into profitable sequestration borderlines ... and this will automatically create fresh sell limits in higher zones ... Attachment
And some profitable sequestrations been done in 169.83 - 77 zone ...
Automatically fires some fresh ones in higher zones ... triggered by profit taking executions ... generates fresh ones ... due to a very fast algo system ...

Nothing will be changed unless a clean cross of beyond critical levels at 170.22 zone ...
Ok? Attachment


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,465
  • Mar 27, 2014 6:58am Mar 27, 2014 6:58am
Quoting PipsMaster23
{quote} So far 120+ pips to the good (entry 168.69)... moving SL to 169.499 Hoping for price to get above and stay above 170.15 (161.8% Fibo projection) Hopefully GBP strength will carry EURUSD and EURJPY, i have just entered long on both pairs, albeit small initial positions till price does start moving in favor then will add more as it goes...
Target reached and i have just exited with 2/3 profits... SL remains as per my last message...

Now if price stays above these levels next TP level should be 171.28 and 173.16

Lets see!!
Cheers!!
  • #12,466
  • Mar 27, 2014 9:19am Mar 27, 2014 9:19am
I think the retracement has now reached its limit (140.25)... Stocks took a dive today and pretty much offset the JPY pairs... however, stock prices seem to have found solid support SP500 1840 and look like they will now make a strong charge north and towards previous highs (pin bar on 4 hr albeit incomplete)....

Im still holding my positions as follows:

GBPJPY entry 168.69 - closed 2/3 at 170.18 SL 169.49 / will move SL higher by 25pips for every 40pips higher the market goes above 170.15
EURUSD entry 1.3758 SL 1.3679 Target: 1.4050
EURJPY entry 140.46 SL 139.89 Target 143

As always time will tell and it could take a week or 2 for this all to take play
Cheers!!
  • #12,467
  • Mar 27, 2014 9:20am Mar 27, 2014 9:20am
Quoting PipsMaster23
I think the retracement has now reached its limit (140.25)... Stocks took a dive today and pretty much offset the JPY pairs... however, stock prices seem to have found solid support SP500 1840 and look like they will now make a strong charge north and towards previous highs (pin bar on 4 hr albeit incomplete).... Im still holding my positions as follows: GBPJPY entry 168.69 - closed 2/3 at 170.18 SL 169.49 / will move SL higher by 25pips for every 40pips higher the market goes above 170.15 EURUSD entry 1.3758 SL 1.3679 Target: 1.4050 EURJPY entry...
Sorry, my opening statement and price is reflecting EURJPY..
Cheers!!
  • #12,468
  • Mar 27, 2014 9:42am Mar 27, 2014 9:42am
GBP/JPY :

Meanwhile we are deep in profit again after some profitable sequestrations been done in 169.930 zone ... 14h38 CET
Automatically fires some fresh ones in high zone ... triggered by profit taking executions ... generates fresh ones ... due to a very fast algo system ...

Looks this way now ... Attachment

Nothing will be changed unless a clean cross of beyond critical levels at 170.22 zone ... avg total short BE = 170.2821 ... easygoing ...
And this is second report on this ... as 170.22 has been violated ... but not broken per definition as explained before ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,469
  • Mar 27, 2014 10:30am Mar 27, 2014 10:30am
anyone take a look at price action on the other yen crosses? AUD & NZD have been stuck up in the air in their current spot since about 930am... wondering when things might settle down.
  • #12,470
  • Mar 27, 2014 11:02am Mar 27, 2014 11:02am
Warren Buffett must be buying all the yen today. I hope he goes to lunch soon so we can have some real price action on way or another...
  • #12,471
  • Mar 27, 2014 11:35am Mar 27, 2014 11:35am
Quoting mercy seat
GBP/JPY : Meanwhile we are deep in profit again after some profitable sequestrations been done in 169.930 zone ... 14h38 CET fires some fresh ones in high zone ... triggered by profit taking ... generates fresh ones ... due to a fast algo system ... Looks this way ... {image} Nothing will be changed ... avg total short BE = 170.2821 ... this is second report on this ... as 170.22 has been violated ... but not broken per definition as explained before ... ;-|


GBP/JPY :


Nothing will be changed unless a clean cross of beyond critical levels at 170.22 zone ... avg total short BE = 170.2821 ... easygoing ...
And this is third report on this ... as 170.22 has been violated ... but not broken per definition as explained before ...

Yes ... good one ... and now we did take profit finally ... all fine now ... took the stuff from the table ... done at 169.558 ... 17h16 CET ...
Enough for now ... could bounce again ... Attachment ... moreover other instruments are nice as well ... they need some nursery too ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,472
  • Mar 27, 2014 11:55am Mar 27, 2014 11:55am
Quoting mercy seat
{quote} GBP/JPY : Nothing will be changed unless a clean cross of beyond critical levels at 170.22 zone ... avg total short BE = 170.2821 ... easygoing ... And this is third report on this ... as 170.22 has been violated ... but not broken per definition as explained before ... Yes ... good one ... and now we did take profit finally ... all fine now ... took the stuff from the table ... done at 169.558 ... 17h16 CET ... Enough for now ... could bounce again ... {image} ... moreover other instruments are nice as well ... they need some nursery too...
You've done a great job reading the pair this week Mercy. Thank you for your inputs.
  • #12,473
  • Mar 27, 2014 3:07pm Mar 27, 2014 3:07pm
Sold G/J at 169.82 SL above 170.30 looking for a drop to MPP and WPP at 168.70 might make it with a little push from Putin.
  • #12,474
  • Mar 27, 2014 8:52pm Mar 27, 2014 8:52pm
finally seen my entry after waiting for 3 weeks @ 169.60 with price above EMA 100, macd positive and a piercing line. stp is 100 pips, tp1 200 pips and tp2 300pips... wish us all happy pips
  • #12,475
  • Mar 28, 2014 1:20am Mar 28, 2014 1:20am
Hi all, sorry for not posting for this week. Just came back home earlier this morning.

Earlier trades which I last posted were all closed already. But lets move on to today.

Today's Levels

171.6
171.2
170.7/170.8 (Today's target)
170.2/170.3 (Minor resistance)
169.3/169.5
168.7/168.8
168.35/168.40

I would look to enter long around 169.4 zone (169.3-169.5). However, if 4 hour candle close above 170.3, we can assume next target is 170.7. Any 4 hour candle close below 169.3, I would target 168.7.

Remember, today is crazy Friday, so trade with care.
  • #12,476
  • Mar 28, 2014 2:02am Mar 28, 2014 2:02am
Quoting PipsMaster23
{quote} So far 120+ pips to the good (entry 168.69)... moving SL to 169.499 Hoping for price to get above and stay above 170.15
Congrats on your 120+ pips
  • #12,477
  • Mar 28, 2014 2:06am Mar 28, 2014 2:06am
Quoting eNjoyPips
Hi all, sorry for not posting for this week. Just came back home earlier this morning. Earlier trades which I last posted were all closed already. But lets move on to today. Today's Levels 171.6 171.2 170.7/170.8 (Today's target) 170.2/170.3 (Minor resistance) 169.3/169.5 168.7/168.8 168.35/168.40 I would look to enter long around 169.4 zone (169.3-169.5). However, if 4 hour candle close above 170.3, we can assume next target is 170.7. Any 4 hour candle close below 169.3, I would target 168.7. Remember, today is crazy Friday, so trade with care....
Welcome back and hey im one of those that see it @ 168.70 zone today . off course it might not happen as the market is unpredictable but im leaning more favourable to shorting today
  • #12,478
  • Mar 28, 2014 2:08am Mar 28, 2014 2:08am
Placed two pending orders at 169.87 and 169.68 for buy stop and sell stop. some suggestions?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 64 KB
  • #12,479
  • Mar 28, 2014 2:18am Mar 28, 2014 2:18am
If it is really in a major uptrend, then it will break 170 then the very significant weekly resistance at 170.2/3 and then proceed directly to the top with little in its way.

If it has just completed a long correction, then it should break under 169.5/6 and head back down towards 168.7/8.

Take your pick
  • #12,480
  • Mar 28, 2014 2:20am Mar 28, 2014 2:20am
In 3 lines or less, lets just say your orders are predictable and susceptible to manipulation. I would rather lean towards using orders after the moves and a small retracement rather than going aggressive.
7 traders viewing now