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Geppy's Geppy Thread (GBP/JPY)

  • #12,621
  • Mar 31, 2014 3:56pm Mar 31, 2014 3:56pm
gj asian fade to 171.30-40 area and tmrw buy this sob back EU session. initial target on longs = 172.60
  • #12,622
  • Mar 31, 2014 3:58pm Mar 31, 2014 3:58pm
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!
Quoting Mr.C
{quote} GBP/JPY: TP for today's short order is set @ 171,510. Will be reversing to long from there with SL @ 171,110.
Today's ‪Geppy plan didn't work out 100% as planned. My active short position didn't reach the target @ 171,510 by couple pips. Second, buy order hasn't been triggered as it was sitting at the above mentioned zone. Short stopped out at +1. I have also cancelled pending buy a min ago.

No new orders. Calling it a day. Take care!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_140331_m5.png Size: 45 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #12,623
  • Mar 31, 2014 4:35pm Mar 31, 2014 4:35pm
Quoting caldera
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...
Hi caldera,

you are right but your last link is from March 19th, 2014 18:00:50 GMT; I dont pay attention to it. I focus on 2nd April which is this Wednesday for what I posted Bloomberg News. The market always focus on 1 or 2 fundamentals at the same time. For JPY its been BoJ quantitative easing so far. Sorry for any confusion here, I should be more careful with posting news. I just thought to myself for some it might be useful. Thanks for calling attention to those.
  • #12,624
  • Mar 31, 2014 4:48pm Mar 31, 2014 4:48pm
Hi FX-Ray,

My criticism was leveled at the Fed and the conflicting signals they are sending out via their representatives. I just get the impression that these people want to add fuel to the flames of speculation. It was in no way targeted at you. As far as your posts are concerned they are top notch.


Quoting FX-Ray
{quote} Hi caldera, you are right but your last link is from March 19th, 2014 18:00:50 GMT; I dont pay attention to it. I focus on 2nd April which is this Wednesday for what I posted Bloomberg News. The market always focus on 1 or 2 fundamentals at the same time. For JPY its been BoJ quantitative easing so far. Sorry for any confusion here, I should be more careful with posting news. I just thought to myself for some it might be useful. Thanks for calling attention to those.
  • #12,625
  • Apr 1, 2014 12:37am Apr 1, 2014 12:37am
All Orders Closed.. waiting for a fresh opportunity. A dip will be fine and if the trend continues without it i'll stay aside till there is a correction or reversal. So much thanks to the house its been a profitable month, only two trades spotted in march... hope for a better April.

Happy new month!
  • #12,626
  • Apr 1, 2014 12:42am Apr 1, 2014 12:42am
Quoting alukojoshfx
Happy new month!
Happy new month!!! And happy new week as well!

You can tell I'm happy... lol
Please check out my blog at https://from-zero-to-hero . net
  • #12,627
  • Apr 1, 2014 1:30am Apr 1, 2014 1:30am
Quoting Mr.C
{quote} {quote} Today's ‪Geppy plan didn't work out 100% as planned. My active short position didn't reach the target @ 171,510 by couple pips. Second, buy order hasn't been triggered as it was sitting at the above mentioned zone. Short stopped out at +1. I have also cancelled pending buy a min ago. No new orders. Calling it a day. Take care! {image}

for me this pair is still bullish... I dont see any reason to try to place sells here. Maybe it might be too late for longs, but I'm still targeting 172.80.
Stop at 170.5 for ~140pips +

Dont gonna add longs tough.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_h4_010414.png Size: 38 KB



Best,
J
Hero calls followed by margin calls...
  • #12,628
  • Apr 1, 2014 3:16am Apr 1, 2014 3:16am
G/J inbetween decision point @ 172.40/20; Manufacturing PMI in t-13min
  • #12,629
  • Apr 1, 2014 3:17am Apr 1, 2014 3:17am
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.
172.40/20. Done.
  • #12,630
  • Apr 1, 2014 3:33am Apr 1, 2014 3:33am
Quoting FX-Ray
{quote} 172.40/20. Done.
Long triggered @172.30, hope to see 173.20 today, will keep you posted.
  • #12,631
  • Edited 3:55am Apr 1, 2014 3:33am | Edited 3:55am
Quoting FX-Ray
G/J inbetween decision point @ 172.40/20; Manufacturing PMI in t-13min
Actual < Forecast; 55.3 < 56.7

Minor decision point @ 171.93/84
If not able to test it and go straight back to 172.40/20 and it acts as support next decision point @ 173.40/20; else 170.80/60

Add(1): 172.40/20 is crucial here
Add(2): X/JPY @ 116.265
  • #12,632
  • Apr 1, 2014 4:14am Apr 1, 2014 4:14am
Stop cascades @ 172.60/50/40
  • #12,633
  • Apr 1, 2014 8:00am Apr 1, 2014 8:00am
Quoting FX-Ray
{quote} Actual < Forecast; 55.3 < 56.7 Minor decision point @ 171.93/84 If not able to test it and go straight back to 172.40/20 and it acts as support next decision point @ 173.40/20; else 170.80/60 Add(1): 172.40/20 is crucial here Add(2): X/JPY @ 116.265
171.93/84 positive.
  • #12,634
  • Apr 1, 2014 8:48am Apr 1, 2014 8:48am
Quoting FX-Ray
Stop cascades @ 172.60/50/40
Inbetween decision point @ 172.40/20
I delare the hunt opened
  • #12,635
  • Apr 1, 2014 9:55am Apr 1, 2014 9:55am
Quoting FX-Ray
{quote} Inbetween decision point @ 172.40/20 I delare the hunt opened
So keep longer BUY GBPJPY? Because somehow I do not know if that works PA
  • #12,636
  • Edited 10:30am Apr 1, 2014 9:59am | Edited 10:30am
Quoting Siuwax88
{quote} So keep longer BUY GBPJPY? Because somehow I do not know if that works PA
Agreed, volatility is decreasing, if you dont have any intact position yet I wouldnt go long now, but if you have it is worth waiting if those stops gets triggered or not. I dont like the todays range and motion neither since tommorrow is going to be an interesting day, its worth waiting for it.
  • #12,637
  • Apr 1, 2014 10:02am Apr 1, 2014 10:02am
Quoting FX-Ray
{quote} Agreed, volatility is decrasing, if you dont have any intact position yet I wouldnt go long now, but if you have it is worth waiting if those stops gets triggered or not. I dont like the todays range and motion neither since tommorrow is going to be an interesting day, its worth waiting for it.
Wait for the TP? that is still current 173.40?
  • #12,638
  • Edited 10:13am Apr 1, 2014 10:06am | Edited 10:13am
Quoting Siuwax88
{quote} Wait for the TP? that is still current 173.40?
If 172.40/20 is support here, then TP is 173.40/20
Add: Recommend to protect profits below 172.00
  • #12,639
  • Apr 1, 2014 10:07am Apr 1, 2014 10:07am
http://www.bloomberg.com/news/2014-0...tax-rises.html

"Etsuro Honda and Koichi Hamada, economic advisers to Abe, said last month that May will be a critical time for the Bank of Japan to decide whether additional easing is necessary."
  • #12,640
  • Apr 1, 2014 10:20am Apr 1, 2014 10:20am
Quoting FX-Ray
http://www.bloomberg.com/news/2014-0...tax-rises.html "Etsuro Honda and Koichi Hamada, economic advisers to Abe, said last month that May will be a critical time for the Bank of Japan to decide whether additional easing is necessary."
thanks for the info
If you will take additional mitigating it takes to be a powerful weakness JEN? Begin before or after he appears to mitigate?
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