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Geppy's Geppy Thread (GBP/JPY)

  • #12,581
  • Mar 31, 2014 12:15am Mar 31, 2014 12:15am
Quoting PatienceFx
{quote} Mpt i remember reading this long time back, have a look https://www.google.com/search?q=7+ye...e+market+crash
—1973: Arab oil embargo, with spillover into 1974 stock market low of wave IV.
—1980: peak in the inflation rate; top in gold, silver and mining stocks, interest rate spike, stock-market “massacre” and low of wave 2 (circle).
—1987: stock market crash and low of wave 4 (circle).
—1994: “Republican Revolution;” suspicion of government due to Waco attack (1993), “black helicopters,” etc.; stock market breaks uptrend line at low.
—2001: successful terrorist attack on the World Trade Center; low of wave (3) of 1 (circle) [actually 3 (circle) of a].
Seven years after 2001 is 2008, so that is the next year to look for an extreme in social fear.
There was certainly a crisis and plenty of social fear in 2008, so this cycle performed as it should have. This rhythm prompted me to wonder if there might be a 7-year cycle in the stock market that would explain the regular appearance of these crises.
  • #12,582
  • Edited 4:05am Mar 31, 2014 12:40am | Edited 4:05am
I am longing for the next few hrs.
Attached Image
  • #12,583
  • Mar 31, 2014 12:55am Mar 31, 2014 12:55am
Quoting PatienceFx
{quote} Mpt i remember reading this long time back, have a look https://www.google.com/search?q=7+ye...e+market+crash
Yeah, I'm aware of all those concepts and arguments. The only problem is that, although there is probably some sort of regular cycle, it's not regular enough to know when it's going to happen again.
  • #12,584
  • Edited 1:40am Mar 31, 2014 1:07am | Edited 1:40am
Quoting Temujin
{quote} I'm short the euro/yen now but GBP/JPY maxes out at the 200 SMA on the monthly chart at 178.65. If they input another round of easing I'm sure it will get there at the end of this year. The question now is timing and keeping the bias mostly long, buy the dips.
Hi Temujin,

I get the feeling there could be QUITE a dip, given resistence in an overcrowded market (in my permabearish opinion). But, given current bullish momentum, think I'm gonna sit on my hands (after this message)

Good luck to you with your trades.
  • #12,585
  • Mar 31, 2014 1:55am Mar 31, 2014 1:55am
https://s3-eu-west-1.amazonaws.com/l...dget-vwap.html
  • #12,586
  • Mar 31, 2014 4:08am Mar 31, 2014 4:08am
Quoting PatienceFx
{quote} but GU {image} summary gu n uj will give a buy trigger soon
  • #12,587
  • Mar 31, 2014 4:14am Mar 31, 2014 4:14am
Very Happy with current price action... more please!!!!
Cheers!!
  • #12,588
  • Edited 5:05am Mar 31, 2014 4:41am | Edited 5:05am
Decision Points calendar week 14(EU)/14(US) for GBP/JPY:

(0) 177.40/20
(1) 175.70/50
(2) 174.00/3.80
(3) 174.00/3.80
(4) 173.40/20 (Sweet Spot (+))
(5) 172.40/20
(6) 170.80/60
(7) 169.10/8.90
(7) 167.40/20
(8) 166.80/60 (Sweet Spot (-))
(9) 164.20/00

Good Luck

Inserted Video
  • #12,589
  • Mar 31, 2014 4:59am Mar 31, 2014 4:59am
Quoting FX-Ray
Decision Points calendar week 14(EU)/14(US) for GBP/JPY: (0) 177.40/20 (1) 175.70/50 (2) 174.00/3.80 (3) 174.00/3.80 (4) 173.40/20 (Sweet Spot (+)) (5) 172.40/20 (6) 170.80/60 (7) 169.10/8.90 (7) 167.40/20 (8) 166.80/60 (Sweet Spot (-)) (9) 164.20/00 Good Luck
Nice Job on the Levels I did manage to get in long @ 171.55 after the pull back from fridays hi. By the way thanks for the PDF, those nuggets are priceless !!!
  • #12,590
  • Mar 31, 2014 5:01am Mar 31, 2014 5:01am
Quoting IveGotQuads
{quote} Nice Job on the Levels I did manage to get in long @ 171.55 after the pull back from fridays hi. By the way thanks for the PDF, those nuggets are priceless !!!
You said it, keep pushing
  • #12,591
  • Edited 5:10am Mar 31, 2014 5:08am | Edited 5:10am
Minor decision point @ 171.67/63
Add: Next major decision point @ 172.40/20
  • #12,592
  • Mar 31, 2014 5:15am Mar 31, 2014 5:15am
Quoting FX-Ray
{quote} You said it, keep pushing
yeah done for the day with SL in place, probably holding this trade for much longer than I usually do as the 15 mins ,1 hr , 4hr and weekly charts are all screaming long... very rare do you get multiple time frames saying the same thing. very good risk to reward and high probability/no stress trade. Wish it was like this everyday, anyway Goodluck to everyone's ones trade. regards !!
  • #12,593
  • Edited 5:43am Mar 31, 2014 5:29am | Edited 5:43am
Quoting IveGotQuads
{quote} yeah done for the day with SL in place, probably holding this trade for much longer than I usually do as the 15 mins ,1 hr , 4hr and weekly charts are all screaming long... very rare do you get multiple time frames saying the same thing. very good risk to reward and high probability/no stress trade. Wish it was like this everyday, anyway Goodluck to everyone's ones trade. regards !!
If not just stay out, last week I took 2 trades, nothing special. But when it runs dont fight it. I know it looks like a cowboy trade but I traded it at a major decision point and direction is clear so far.
(Reference post: http://www.forexfactory.com/showthre...58#post7370358)
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  • #12,594
  • Edited 5:55am Mar 31, 2014 5:44am | Edited 5:55am
X/JPY @ 116.00
Add: If X/JPY accelerate above 116.00; All X/JPY crosses should(!) follow.
  • #12,595
  • Mar 31, 2014 5:50am Mar 31, 2014 5:50am
Quoting FX-Ray
{quote} If not just stay out, last week I took 2 trades, nothing special. But when it runs dont fight it. I know it looks like a cowboy trade but I traded it at a major decision point and direction is clear so far. (Reference post: http://www.forexfactory.com/showthre...58#post7370358) {image}
Hey there, nice to see you back on this thread.

Did get in again @171.20, earlier booked in the long trades again on Friday @171, so going nice and smooth at the min, looking for it to break 172.

Also will you please share your opinion on EJ and UJ as well. Really appreciate your work! Well done!
  • #12,596
  • Mar 31, 2014 5:51am Mar 31, 2014 5:51am
Quoting workingforex
{quote} Hey there, nice to see you back on this thread. Did get in again @171.20, earlier booked in the long trades again on Friday @171, so going nice and smooth at the min, looking for it to break 172. Also will you please share your opinion on EJ and UJ as well. Really appreciate your work! Well done!
working,

check all X/JPY charts, look at H1, they all look almost the same, all clear.
  • #12,597
  • Mar 31, 2014 5:57am Mar 31, 2014 5:57am
Hi traders. First order this week and it is Geppy. Sold the pair @ 171,780. SL @ 172,180.

Wish all a successful week!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #12,598
  • Mar 31, 2014 5:58am Mar 31, 2014 5:58am
Quoting Mr.C
Hi traders. First order this week and it is Geppy. Sold the pair @ 171,780. SL @ 172,180. Wish all a successful week!
Be careful, stops @ 171.90 and above 172.00; gl
  • #12,599
  • Mar 31, 2014 6:00am Mar 31, 2014 6:00am
Just do NOT see it how any one could be shorting (maybe short term), but it seems that GBP/JPY is ready for another big run: And the perfect wave that pushes this beast is setting up in GBP/USD and USD/JPY for another run

http://i.imgur.com/vLD3iqs.png
  • #12,600
  • Mar 31, 2014 6:02am Mar 31, 2014 6:02am
Quoting FX-Ray
X/JPY @ 116.00 Add: If X/JPY accelerate above 116.00; All X/JPY crosses should(!) follow.
gaining momentum, actual 116.03
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