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Geppy's Geppy Thread (GBP/JPY)

  • #12,521
  • Edited 8:38am Mar 28, 2014 8:33am | Edited 8:38am
Quoting FX-Ray
{quote} Next decision point is 170.80/60; Stops @ 170.40/50/60
triggering..next 50/60ish

Add (Offtopic): Thats what just happend in E/U, masses sold bottom, institutionals bought it up. Liquidity served them about to fill them low. Defending 1.3700; never printed
  • #12,522
  • Mar 28, 2014 8:38am Mar 28, 2014 8:38am
Quoting alukojoshfx
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
looking to move my stop loss to BE when the price gets to 170.60
  • #12,523
  • Edited 8:48am Mar 28, 2014 8:40am | Edited 8:48am
Quoting alukojoshfx
{quote} looking to move my stop loss to BE when the price gets to 170.60
3 Weeks, well done. Do you go longer term? If yes your target is around 174.20/00

Add: With a little bit luck you should get it next week or after next.
Add(2): Whats your trading time horizon? (Gonna give you the adjusted levels then)
  • #12,524
  • Mar 28, 2014 8:42am Mar 28, 2014 8:42am
Quoting FX-Ray
{quote} triggering..next 50/60ish Add (Offtopic): Thats what just happend in E/U, masses sold bottom, institutionals bought it up. Liquidity served them about to fill them low. Defending 1.3700; never printed
Triggering done, price is inbetween decision point @ 170.80/60
  • #12,525
  • Mar 28, 2014 8:48am Mar 28, 2014 8:48am
Quoting FX-Ray
{quote} If 170.80/60 acts as support next decision point @ 171.80/60
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_m15_280314.png Size: 43 KB
Hero calls followed by margin calls...
  • #12,526
  • Edited 8:56am Mar 28, 2014 8:50am | Edited 8:56am
Quoting PhAnTi'
{quote} {image}
The crimea event last week just offered a cheap entry, deep dip. I like that you added to your winner. Well done.
Add: 173.60/40 positive sweet spot
  • #12,527
  • Mar 28, 2014 8:58am Mar 28, 2014 8:58am
Quoting PipsMaster23
{quote} ...and GBPJPY above its 89 SMA and heading for 171.00...
Out of curiosity and because I do not know, what is the significance of an 89 SMA ?
  • #12,528
  • Mar 28, 2014 8:59am Mar 28, 2014 8:59am
172 Target

http://i.imgur.com/rwlYW6Z.png
  • #12,529
  • Mar 28, 2014 9:04am Mar 28, 2014 9:04am
Quoting eNjoyPips
{quote} Since some in this forum call for shorts, let me call for long! However, I will close my long and convert to shorts if movement goes against me. If long: my first target would be 170.3, and then 170.77. If I open short and close long, I would be looking at 168.7-169, depending on momentum. This 168.7-169 area is psychological uptrend for Bulls on daily chart. Any Daily close below this, Long term bulls are in trouble.
Both targets achieved for the night.

Will look into LONG entries next week. the Bulls are back.
  • #12,530
  • Mar 28, 2014 9:06am Mar 28, 2014 9:06am
Quoting eNjoyPips
{quote} Both targets achieved for the night. Will look into LONG entries next week. the Bulls are back.
Well they never disappeared, just being at the sidelines
  • #12,531
  • Mar 28, 2014 9:14am Mar 28, 2014 9:14am
Quoting eNjoyPips
{quote} Both targets achieved for the night. Will look into LONG entries next week. the Bulls are back.
If I may correct your qouted post, long term bulls are likely not to be in trouble because fundamentals are still up and those who really trade it longer term are not going to be stopped out. Large positions traders buy and hedge risk with options. At least the ones I know.
  • #12,532
  • Mar 28, 2014 9:19am Mar 28, 2014 9:19am
Ray is back. Went long in N.Y. yesterday at 170.06 on that spike. What a loser entry, that one was greedy sloppy but it worked.
Be humble or be humbled.
  • #12,533
  • Edited 9:48am Mar 28, 2014 9:25am | Edited 9:48am
Quoting Temujin
Ray is back. Went long in N.Y. yesterday at 170.06 on that spike. What a loser entry, that one was greedy sloppy but it worked.
Not that bad, we had a minor support @ 169.60/40; last week you got a nice short on that crimea event. You were right about the downside risk what offered a cheap entry this week but still dont like the motion, tight range, too sloppy for the dragon. Anyway well done.
  • #12,534
  • Mar 28, 2014 9:31am Mar 28, 2014 9:31am
170.80/60 looks positive, for those who want to protect profits adjust you stop according to your strategy below 170.50
  • #12,535
  • Mar 28, 2014 9:35am Mar 28, 2014 9:35am
Quoting mercy seat
One Hour TF => : EURUSD 1.3742 (-1) ... USDCHF 0.8867 (+1) ... GBPUSD 1.6605 (+2) ... USDJPY 102.23 (±0) ... USDCAD 1.1034 (-2) ... EURJPY 140.48 (-1) ... AUDUSD 92.58 (+5) ... NZDUSD 86.69 (+7) ... EURAUD 1.4842 (-6) ... GBPJPY 169.72 (+4) ... GBPAUD 1.7934 (-6) ... Thursday 27. Mar 2014 ... 23h00 CET ...

Geppy did see a nice extension above its daily critical resistance and crossed above 170.80 for now ...

We did take some small sell trades here ... at 170.835 ... 15h15 CET ...

Maybe for a small correction down ... no big deals on a late Friday ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #12,536
  • Mar 28, 2014 9:58am Mar 28, 2014 9:58am
Quoting FX-Ray
{quote} 3 Weeks, well done. Do you go longer term? If yes your target is around 174.20/00 Add: With a little bit luck you should get it next week or after next. Add(2): Whats your trading time horizon? (Gonna give you the adjusted levels then)
Yes FX-Ray i do long term, i use u.k trading time. Will really appreciate the adjusted level 'cos i still have difficulties in picking tp, so i just 200pips and only spot trade once or twice in a month.

Your help will really go a long way.
  • #12,537
  • Mar 28, 2014 10:04am Mar 28, 2014 10:04am
Quoting FX-Ray
{quote} Not that bad, we had a minor support @ 169.60/40; last week you got a nice short on that crimea event. You was right about the downside risk what offered a cheap entry this week but still dont like the motion, tight range, too sloppy for the dragon. Anyway well done.
Thanks Ray, I just started seeing that the profits on my shorts were vanishing, it wasn't working at all and the price was not breaking down as I thought it would. This is some end of the quarter ramp up that we are seeing now, equities too.

I can't really say the players are front running the next QE package for May or June because GBP/USD has held that 1.6475 area broke above 1.65 and now it's beyond 1.66 in step with the DOW Jones reclaiming 16,400. Next quarter will be interesting. Is it in May or June or July or at all. Everyone is trying to read the BOJ now because it's getting close.
Be humble or be humbled.
  • #12,538
  • Edited 10:25am Mar 28, 2014 10:05am | Edited 10:25am
Quoting alukojoshfx
{quote} Yes FX-Ray i do long term, i use u.k trading time. Will really appreciate the adjusted level 'cos i still have difficulties in picking tp, so i just 200pips and only spot trade once or twice in a month. Your help will really go a long way.
I got following upside targets:

(1) 171.80/60 this week optimum (probably not get filled here)
(2) 173.60/40 optimal target next week or after next
(3) 174.20/00 2-3 weeks (Sweet Spot Upside)
(4) 175.80/60 3-4 weeks+
(5) 178.20/00 1-3 month+

These gonna change next week, gonna keep you updated. Good Luck

Add: As long as fundamentals are up(!)
Add(2): You might check this: http://www.forexfactory.com/showthread.php?p=7269916#post7269916 Pic(1)
  • #12,539
  • Edited 10:10am Mar 28, 2014 10:08am | Edited 10:10am
Quoting Temujin
{quote} Thanks Ray, I just started seeing that the profits on my shorts were vanishing, it wasn't working at all and the price was not breaking down as I thought it would. This is some end of the quarter ramp up that we are seeing now, equities too. I can't really say the players are front running the next QE package for May or June because GBP/USD has held that 1.6475 area broke above 1.65 and now it's beyond 1.66 in step with the DOW Jones reclaiming 16,400. Next quarter will be interesting. Is it in May or June or July or at all. Everyone...
Nice call here, you are right about that. I think as long as BoJ leave the quantitative easing policy in place fundamentals are still up. Well as usuall time will tell. Keep it up.

Add: Of course they are always risks to the downside, like the crimea event you called last week.
  • #12,540
  • Mar 28, 2014 10:15am Mar 28, 2014 10:15am
Today might be stop hunting of the big move down for yen pairs. These are stops if anyone thinks of long term short:

GBPJPY < 171.6
CHFJPY < 116.8
EURJPY < 142.3
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