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Geppy's Geppy Thread (GBP/JPY)

  • #12,921
  • Apr 8, 2014 2:59pm Apr 8, 2014 2:59pm
Quoting Hickson
Hi, it is interesting. GBP/USD was a rocket today, but due to JPY strength this was going down. Still had a short from yesterday, but I think I will just hold this and move the Stop to BE. Setup is just too nice. The price above 173/174 was rejected several times plus pinbars and bearish engulfing on the daily. With a retracement of GBP/USD and more JPY strength, this could easily give some more pips.
true. apparently downside is significant. if H4 red candle closes below 170.20 definately strongly bearish.

Currently price is well supported though by the trendline + 170.20-40 area.
  • #12,922
  • Apr 8, 2014 3:01pm Apr 8, 2014 3:01pm
Current Price 170.25 is not much I would like to Sell, because it's a 50% chance, but not sure .. According to me it should go GBPJPY price below 175, then the double summit meeting .. Also like USDJPY below 104.80 .. If both met of such prices at the end of April beginning of May .. And begin the largest decline (ie power JPY) the period of May often appear the biggest cons.
At the end of May we met with the price of 164 GBPJPY

or maybe I'm wrong?

Quoting ruffryders
{quote} from quick review of D1 you could see all the relevant levels on the chart. Current price (170.20) is quarter pivot for Q2 on GJ. If we push through this level, we will head toward 167.20-60 area pretty soon. if 167.20-60 cracks, than we go to 163.80-164.60 PS: note activated triple top on D1, this is a strongly bearish sign (more downside). {image}
  • #12,923
  • Apr 8, 2014 3:01pm Apr 8, 2014 3:01pm
Quoting ruffryders
{quote} here's my take on Nikkei D1 chart. Now if this H&S does in fact break to the downside, this will trigger huge down move in UJ and GJ/EJ. {image}
if this comes through, godzilla will swallow the dragon.
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  • #12,924
  • Apr 8, 2014 3:07pm Apr 8, 2014 3:07pm
Quoting ruffryders
{quote} here's my take on Nikkei D1 chart. Now if this H&S does in fact break to the downside, this will trigger huge down move in UJ and GJ/EJ. {image}

Nice one! I trade GBP/JPY only even sometimes i have to wait a whole month... sounds funny learnt that in a hard way
  • #12,925
  • Apr 8, 2014 4:54pm Apr 8, 2014 4:54pm
Since I got caught in the last one, I will not get caught in this one...
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  • #12,926
  • Apr 8, 2014 7:38pm Apr 8, 2014 7:38pm
My short position got cut while yesterday GBP critical news,

just woke up, saw my chart and...
Attached Image
  • #12,927
  • Apr 8, 2014 9:28pm Apr 8, 2014 9:28pm
Scalp..
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  • #12,928
  • Apr 8, 2014 9:49pm Apr 8, 2014 9:49pm
OK, men....they tanked the yen pairs....just one more day till we get long. the us and London open has to tank a little more on the poor us/yen. Then we try to find a place to get long for the historical thursday night deally.
  • #12,929
  • Apr 9, 2014 12:00am Apr 9, 2014 12:00am
169.79/87 never hit atm...
but i closed my short trade @ 170.00 physological level

short entry was 173.000 and 173.098

+300 Pips x 2 = 600 Pips cashed


Quoting Schickeria
{quote} 169.79/87 never hit atm... but i closed my short trade @ 170.00 physological level {quote} short entry was 173.000 and 173.098 +300 Pips x 2 = 600 Pips cashed

Quoting Schickeria
GBP/JPY first wave was a impulsive should also drop to 169.876 here my entry on 173.098 and some 173.000 area {image} {image}
  • #12,930
  • Apr 9, 2014 12:17am Apr 9, 2014 12:17am
Quoting Schickeria
{quote} For me is 104.096 the final goal of USDJPY for a drop down. Lets see.
Recap USDJPY

cashing here some profits

+ 978,3 Pips

some shorts stil running

Quoting ruffryders
{quote} nikkei recent D1 TL break to the upside. UJ can still do more upside.


Quoting ruffryders
{quote} for shorts on GJ, worth keeping an eye open on H4 wolfe wave, upon confirmation of point 5. expected to come 174.40-80 area. {image}
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  • #12,931
  • Apr 9, 2014 12:28am Apr 9, 2014 12:28am
UPDATE:

Getting tired of the GJ entry... hopefully something favourable will happen @ U.K open. Anything funny means closing the trade
  • #12,932
  • Apr 9, 2014 12:29am Apr 9, 2014 12:29am
i
  • #12,933
  • Apr 9, 2014 1:13am Apr 9, 2014 1:13am
Quoting Schickeria
{quote} Recap USDJPY cashing here some profits + 978,3 Pips some shorts stil running {quote} {quote} {image}
nicely done, congrats boss!
  • #12,934
  • Apr 9, 2014 1:40am Apr 9, 2014 1:40am
Exactly the same situation as yesterday ... can it get to, clear and stay over 171.1?
  • #12,935
  • Apr 9, 2014 4:03am Apr 9, 2014 4:03am
Congrats to all our pip takers !

{quote} Recap USDJPY cashing here some profits + 978,3 Pips some shorts stil running {quote} {quote} {image}

I am awaiting for more shorting opportunities

Any one thinks it will go do 170?
  • #12,936
  • Edited 10:40am Apr 9, 2014 8:31am | Edited 10:40am
Clear to 168/169
  • #12,937
  • Apr 9, 2014 2:57pm Apr 9, 2014 2:57pm
Quoting edindzeko
Clear to 168/169
More like to 173/174
Trade what you see, not what you think.
  • #12,938
  • Apr 9, 2014 3:28pm Apr 9, 2014 3:28pm
Quoting karmostaji
{quote} More like to 173/174
I think so also. Phili Fed Index has Yen down a tad bit, while sterling and euro have jumped up the past 2 days on the back of the IMF growth report. Also, Nikkei futures are (at this moment) up 40. It may be more clear after 8pm depending on Britain and Japan data releases. I still want to see it get past 171.60/80 and hold before entering long. But I am not going to short at the moment. Is anyone thinking of going long now?
  • #12,939
  • Apr 9, 2014 3:53pm Apr 9, 2014 3:53pm
Quoting karmostaji
{quote} More like to 173/174
Agreed. Optimally 173.40/20 Sweet Spot (+) this or next week.

(http://www.forexfactory.com/showthre...94#post7388294)

Add: Missed the entry at (6) 170.00/69.80
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  • #12,940
  • Apr 9, 2014 5:45pm Apr 9, 2014 5:45pm
Brilliant Traders,

I'm not sure about going long yet, I need to see it break above the 171.30-171.60 range... if not I see more to the downside.
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