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Geppy's Geppy Thread (GBP/JPY)

  • #12,601
  • Mar 31, 2014 6:07am Mar 31, 2014 6:07am
I'm holding my long from Friday for 17,400 - all I see is strength atm.
  • #12,602
  • Mar 31, 2014 6:08am Mar 31, 2014 6:08am
Quoting FX-Ray
{quote} gaining momentum, actual 116.03
Still thinking what should be ideal TP for G/J, E/J for today, I am of the opinion of it to break 172.20 soon with price action coming in effect at that level.
  • #12,603
  • Mar 31, 2014 6:09am Mar 31, 2014 6:09am
Quoting FX-Ray
{quote} Be careful, stops @ 171.90 and above 172.00; gl
171.90 triggered, next 172.00/10/20
then we are at next major decision point @ 172.40/20

X/JPY @ 116.07, momentum confirmed.
  • #12,604
  • Mar 31, 2014 6:11am Mar 31, 2014 6:11am
Quoting FX-Ray
{quote} Be careful, stops @ 171.90 and above 172.00; gl
Thanks mate. Testing the area.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #12,605
  • Edited 6:13am Mar 31, 2014 6:11am | Edited 6:13am
Quoting workingforex
{quote} Still thinking what should be ideal TP for G/J, E/J for today, I am of the opinion of it to break 172.20 soon with price action coming in effect at that level.
172.40/20; if holds as support next is 173.40/20; if 172.40/20 offer enough supply probable test of 170.80/60; again. Market still up.
Add: If you feel uneasy take profits, never something wrong with that if you can wait for a chance of re-entry.
  • #12,606
  • Mar 31, 2014 6:21am Mar 31, 2014 6:21am
Quoting FX-Ray
{quote} 172.40/20; if holds as support next is 173.40/20; if 172.40/20 offer enough supply probable test of 170.80/60; again. Market still up. Add: If you feel uneasy take profits, never something wrong with that if you can wait for a chance of re-entry.
Thanks for you kind advice, will take on board and do accordingly. Good luck to you and others here as well.

PS: Has the market been very kind off late or its just me!
  • #12,607
  • Mar 31, 2014 6:28am Mar 31, 2014 6:28am
Quoting workingforex
{quote} Thanks for you kind advice, will take on board and do accordingly. Good luck to you and others here as well. PS: Has the market been very kind off late or its just me!
Dont lose respect, confidence kills
Lunchtime, laters
  • #12,608
  • Mar 31, 2014 6:32am Mar 31, 2014 6:32am
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 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.
http://www.bloomberg.com/news/2014-0...sis-eases.html
  • #12,609
  • Mar 31, 2014 6:36am Mar 31, 2014 6:36am
Anyone else seeing a possibly entry point atm (buy). Seems a support level is forming at 171.7 area.
  • #12,610
  • Mar 31, 2014 6:37am Mar 31, 2014 6:37am
Quoting Didgeridoo
Anyone else seeing a possibly entry point atm (buy). Seems a support level is forming at 171.7 area.
Minor decision point @ 171.73/68
  • #12,611
  • Mar 31, 2014 6:44am Mar 31, 2014 6:44am
Relative Sell signal as per system. Entered. MM and RM in place.
  • #12,612
  • Mar 31, 2014 6:44am Mar 31, 2014 6:44am
Gee, if you ignore the gap up, price really hasn't moved all that much today - relatively. If this tax hike was to sweep the market you'd expect 'more'. Then again, it's a very slow market (perhaps because of the fixing inquiries?) Price, seeming to move only once there's a level of relinquishment.


And yeah, agreed FX-Ray. Minor decision point, which is still deciding.
  • #12,613
  • Mar 31, 2014 6:49am Mar 31, 2014 6:49am
Quoting FX-Ray
{quote} Dont lose respect, confidence kills Lunchtime, laters
You are right! Will be careful and as always respect the market! Always try to keep emotions in check, but sometimes you feel like sharing.
  • #12,614
  • Mar 31, 2014 7:03am Mar 31, 2014 7:03am
There it is again. Weird pa when time hits the hour.
  • #12,615
  • Edited 7:17am Mar 31, 2014 7:15am | Edited 7:17am
X/JPY dipped 116.00 and rejected it; actual 116.05; next 116.10, if it does take it out with momentum next at G/J is 172.40/20 then.
  • #12,616
  • Mar 31, 2014 7:50am Mar 31, 2014 7:50am
Quoting FX-Ray
X/JPY dipped 116.00 and rejected it; actual 116.05; next 116.10, if it does take it out with momentum next at G/J is 172.40/20 then.
Took out 116.10; in about a hour Fed Chair Yellen speaks; be careful and protect profits. Off my desk, laters.
  • #12,617
  • Mar 31, 2014 8:49am Mar 31, 2014 8:49am
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!
GBP/JPY: TP for today's short order is set @ 171,510. Will be reversing to long from there with SL @ 171,110.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #12,618
  • Mar 31, 2014 9:04am Mar 31, 2014 9:04am
"Fed's Yellen says extraordinary commitment to stimulus will be needed for some time, a view widely shared by fellow policy makers; Fed short of reaching Employment and inflation goals"

(Source: http://talking-forex.com/)

Minor decision point @ 171.80/73
  • #12,619
  • Mar 31, 2014 11:45am Mar 31, 2014 11:45am
thanks Fx-Ray, Closed 80% of my long on friday not to cool with leaving trade over the weekend, now looking for a re-entry meanwhile i'll be tracking the price with the remaining size left.
  • #12,620
  • Mar 31, 2014 3:33pm Mar 31, 2014 3:33pm
This my friend is reason enough to drive a person insane.

The FOMC release last week gave a completely opposite impression.

Hence the GBPUSD drop of 140 pips and the USDJPY rally of 110 pips. (USD strength)

It suggested that recovery is on track and that tapering would continue with possible rate rises as early as 2015.

http://www.forexlive.com/blog/2014/0...ent-threshold/

And today, some extraordinary "commitment to stimulus is needed"... only two weeks later. How do you make heads or tails of the conflicting information coming from the same source?

http://www.forexlive.com/blog/2014/0...for-some-time/

Quoting FX-Ray
"Fed's Yellen says extraordinary commitment to stimulus will be needed for some time, a view widely shared by fellow policy makers; Fed short of reaching Employment and inflation goals" (Source: http://talking-forex.com/) Minor decision point @ 171.80/73
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