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Geppy's Geppy Thread (GBP/JPY)

  • #12,721
  • Apr 2, 2014 8:53pm Apr 2, 2014 8:53pm
Quoting ruffryders
{quote} it's an interesting chain of events though. Initially, crap news came out on au. Uj did not respond though to au decline initialy, then gu starts to rally - dragon goes up 20-30. Now uj starts to respond to au slide, and the dragon is up another 20-30. Some cool stuff.
@ruffryders:

Spot FX holds it aggregate value always. It is recession proof. So no matter what happens on any currency pair, it always balances out.


The FOREX market is made up by the follow ratio 60:40

60% (speculative market) 1,400 Trillion Annually or 4 Trillion A Day
Currency Swaps
Forwards
Options
Futures

AND

40% (non-speculative market) 547 Trillion Annually or 1.5 trillion A Day

Spot FX - We trade in this market.


When you combine all FIVE you get

1947 Trillion Annually or 5.5 Trillion A Day

HDA OUT
  • #12,722
  • Apr 2, 2014 8:56pm Apr 2, 2014 8:56pm
Quoting ruffryders
{quote} true, that + the val root, nice combo. No thai massage here, too bad. :d {image}
@reffryders:



HDA OUT
  • #12,723
  • Apr 2, 2014 9:06pm Apr 2, 2014 9:06pm
As you can see, so far the tight trading range that I alluded to re: the USD/JPY 10am Eastern Options Expiries for Thursday, April 3, 2014 continues to hold.

104.00 -Option Expiry (near term resistance)
103.50 -Option Expiry (near term support)

Take notice of the rejection on the USD/JPY at 104.00 because of the offers I told you about and the Options

HDA OUT

P.S - I'm heading to bed, the wife is calling
  • #12,724
  • Apr 2, 2014 9:07pm Apr 2, 2014 9:07pm
Quoting HDA
As you can see, so far the tight trading range that I alluded to re: the USD/JPY 10am Eastern Options Expiries for Thursday, April 3, 2014 continues to holds. 104.00 -Option Expiry (near term resistance) 103.50 -Option Expiry (near term support) Take notice of the rejection on the USD/JPY at 104.00 because of the offers I told you about and the Options HDA OUT P.S - I'm heading to bed, the wife is calling
agreed, good one bro!
  • #12,725
  • Apr 2, 2014 9:08pm Apr 2, 2014 9:08pm
GJ some overhead resistance on H4, once cleared, all the way to 40-60 area.
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  • #12,726
  • Apr 2, 2014 9:15pm Apr 2, 2014 9:15pm
Quoting HDA
As you can see, so far the tight trading range that I alluded to re: the USD/JPY 10am Eastern Options Expiries for Thursday, April 3, 2014 continues to hold. 104.00 -Option Expiry (near term resistance) 103.50 -Option Expiry (near term support) Take notice of the rejection on the USD/JPY at 104.00 because of the offers I told you about and the Options HDA OUT P.S - I'm heading to bed, the wife is calling
still UJ I got 104.40 target on price for today, we just started out anyway.
  • #12,727
  • Apr 2, 2014 9:31pm Apr 2, 2014 9:31pm
Quoting ruffryders
{quote} still UJ I got 104.40 target on price for today, we just started out anyway.
@ruffryders:

And you are sure about that? ok I will hold you to that. Lets see what happens.

Quoting ruffryders
{quote} HDA solid analysis, thanks for a heads up. Thought I was the by myself positioned LONG on GU. 6710-6750 looks like a decent target this week, 6940-7000 this month, and 7240 this quarter.
Please see previous post from GBP/USD thread on Monday, March 31, 2014.
http://www.forexfactory.com/showthre...41#post7372941

HDA OUT

They wife is going to kill me, shutting down trade station now
  • #12,728
  • Apr 2, 2014 10:50pm Apr 2, 2014 10:50pm
Good evening ruffryders and HDA,

It appears that UJ is stuck between support and resistance and harmonic numbers as well.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #12,729
  • Apr 2, 2014 11:44pm Apr 2, 2014 11:44pm
Where is gbp/jpy going?????? When The Trend Going down???
  • #12,730
  • Apr 2, 2014 11:50pm Apr 2, 2014 11:50pm
There will be buying opportunities around 172.40/60, cant wait for price to come down to these levels
  • #12,731
  • Apr 3, 2014 12:39am Apr 3, 2014 12:39am
Quoting ivegotquads
there will be buying opportunities around 172.40/60, cant wait for price to come down to these levels
172.80 is supp now, pa wont get there. Next 173.40.
  • #12,732
  • Apr 3, 2014 12:41am Apr 3, 2014 12:41am
Quoting hridoybd98
Where is gbp/jpy going?????? When The Trend Going down???
AS NOTED PREVIOUSLY HERE, THE ONLY SHORT SELLER IN GJ

http://www.forexfactory.com/showthre...00#post7376900
  • #12,733
  • Apr 3, 2014 1:10am Apr 3, 2014 1:10am
Minor decision point @ 173.93/82
  • #12,734
  • Apr 3, 2014 1:11am Apr 3, 2014 1:11am
Quoting FX-Ray
Minor decision point @ 173.93/82
I want to short 173.203 with TP 169.876
  • #12,735
  • Apr 3, 2014 1:13am Apr 3, 2014 1:13am
Quoting Schickeria
{quote} I'm want to short 173.203 with TP 169.876
IŽd like to short above 174.00 if it does go straight into it.
  • #12,736
  • Apr 3, 2014 1:18am Apr 3, 2014 1:18am
Quoting FX-Ray
{quote} IŽd like to short above 174.00 if it does go straight into it.
i agree with you 173.857-174.25 area is SELL for me.

but i try one before @ 173.203
  • #12,737
  • Apr 3, 2014 1:18am Apr 3, 2014 1:18am
Quoting FX-Ray
Minor decision point @ 173.93/82
Shall that be read that as 172.93/82? If not, that will be cool.
  • #12,738
  • Apr 3, 2014 1:19am Apr 3, 2014 1:19am
Quoting FX-Ray
{quote} IŽd like to short above 174.00 if it does go straight into it.
Key- point is 173.32/5 for 174.00
  • #12,739
  • Apr 3, 2014 1:21am Apr 3, 2014 1:21am
Quoting workingforex
{quote} Shall that be read that as 172.93/82? If not, that will be cool.
youŽve lost me there
  • #12,740
  • Apr 3, 2014 1:25am Apr 3, 2014 1:25am
Quoting Schickeria
{quote} i agree with you 173.857-174.25 area is SELL for me. but i try one before @ 173.203
be careful and gl
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