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Geppy's Geppy Thread (GBP/JPY)

  • #12,981
  • Apr 14, 2014 3:00am Apr 14, 2014 3:00am
Quoting ruffryders
{quote} guys GJ H4 classic FX-Ray setup T/B/T @ 170 and downwards continuation. now why would you want to go LONG now?
why not long ???

170.229
  • #12,982
  • Edited 5:21am Apr 14, 2014 4:29am | Edited 5:21am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #12,983
  • Apr 14, 2014 7:11am Apr 14, 2014 7:11am
Quoting Schickeria
{quote} why not long ??? 170.229
  • #12,984
  • Apr 14, 2014 2:56pm Apr 14, 2014 2:56pm
I think this thread is pretty much dead without FX-Ray. Does anyone know where did he go?
  • #12,985
  • Apr 14, 2014 3:05pm Apr 14, 2014 3:05pm
Quoting ruffryders
I think this thread is pretty much dead without FX-Ray. Does anyone know where did he go?
Don't really have time to check all pairs with full time job atm. I do not trade GBP/JPY atm, PA looks bearish, but could be back up for a stint (171.80? Very fast and shaky analysis) until Nikkei crashes and U/J breaks out to the South.
Fix up, trade sharp ...
  • #12,986
  • Apr 14, 2014 3:06pm Apr 14, 2014 3:06pm
Quoting Hickson
{quote} Don't really have time to check all pairs with full time job atm. I do not trade GBP/JPY atm, PA looks bearish, but could be back up for a stint (171.80? Very fast and shaky analysis) until Nikkei crashes and U/J breaks out to the South.
I was planning to start GJ trading with big lots in May 2014, finalizing my GJ system now. Was hoping to trade side by side with the boss of the thread.
Not to sound disrespectful here too, some other good traders on GJ also - Schickeria is a strong trader too.
  • #12,987
  • Edited 3:55pm Apr 14, 2014 3:24pm | Edited 3:55pm
Decision points calendar week 16 for GBP/JPY:

177.60/40
176.40/20
176.00/5.80
174.20/00
173.40/20
172.60/40 optimal weekly TP (long)
171.00/0.80
169.80/60
169.40/20
168.30/10 optimal weekly TP (short)
167.60/40
166.80/60
164.40/20
163.20/00
162.80/60

The reason for recent price decline is because BoJ did not add further to monetary policy (next July?), we are in identification stage. Fundamentals are still up. The question is where it will bottomed out. Decision point 169.80/60 is holding so far, next is 171.00/0.80, if price go thought and can hold above liquidity should come into market. Whatever happends, be careful and take what you can. Good Luck.
  • #12,988
  • Apr 14, 2014 3:28pm Apr 14, 2014 3:28pm
Quoting FX-Ray
Decision points calendar week 16 for GBP/JPY: 177.60/40 176.40/20 176.00/5.80 174.20/00 173.40/20 172.60/40 optimal weekly TP (long) 171.00/0.80 169.80/60 169.40/20 168.30/10 optimal weekly TP (short) 167.60/40 166.80/60 164.40/20 163.20/00 162.80/60
welcome back!
  • #12,989
  • Apr 14, 2014 3:41pm Apr 14, 2014 3:41pm
Quoting ruffryders
{quote} I was planning to start GJ trading with big lots in May 2014, finalizing my GJ system now. Was hoping to trade side by side with the boss of the thread. Not to sound disrespectful here too, some other good traders on GJ also - Schickeria is a strong trader too.
There are some strong traders here like Schickeria, I´d prefer to see them also post and give guidance simply because I dont want to do some one man show here. Im wrong too, thats why several opinions are important. Thats an invitation for competitive trading.
  • #12,990
  • Apr 14, 2014 3:51pm Apr 14, 2014 3:51pm
http://www.bloomberg.com/news/2014-0...abenomics.html

"The BOJ is ready to act if prospects for achieving its price target are at risk, Governor Haruhiko Kuroda said on April 11 in Washington where he was meeting with finance and central bank officials from the Group of 20.
“If something happens to hobble our progress toward achieving price stability, we are of course prepared to make the necessary monetary policy adjustments,” Kuroda said.
Should data for the April to June period signal a risk to the BOJ’s scenario, there’s a “high likelihood” that the central bank will add to easing at its July meeting, when the board will review of its April Outlook Report, said Goldman Sachs economists Baba and Tanaka.
The central bank could double the 1 trillion yen annual pace it accumulates exchange-traded funds, boost purchases of long-dated government and possibly extend the average maturity of its JGB purchases, the Goldman economists wrote in the April 12 report."
  • #12,991
  • Apr 14, 2014 4:07pm Apr 14, 2014 4:07pm
T/B/T/.../...
Attached Image (click to enlarge)
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  • #12,992
  • Apr 14, 2014 11:47pm Apr 14, 2014 11:47pm
Miss all of you guys, have not been on in a couple of weeks. Trying to raise capital and escape my other gig, lol. Be back in a few weeks.
Be humble or be humbled.
  • #12,993
  • Apr 15, 2014 2:25am Apr 15, 2014 2:25am
169.80>>169.40>>168.70>>168
  • #12,994
  • Apr 15, 2014 3:07am Apr 15, 2014 3:07am
Quoting Noob Trader
169.80>>169.40>>168.70>>168
Can't disagree
  • #12,995
  • Apr 15, 2014 3:51am Apr 15, 2014 3:51am
We tested 169.50 Friday and today both in very quick action.
On Monday we hit a low of169.58 in a more orderly fashion.
Lets see if we can pull back to the 170.17/39 area and begin
another orderly test of 169.50 with a follow thru break down
to the 168 levels as suggested.
It very hard for me, other than predicting the news which I
am not great at, to jump on that quick of a move.
  • #12,996
  • Apr 15, 2014 4:05am Apr 15, 2014 4:05am
Quoting EllisParrish
We tested 169.50 Friday and today both in very quick action. On Monday we hit a low of169.58 in a more orderly fashion. Lets see if we can pull back to the 170.17/39 area and begin another orderly test of 169.50 with a follow thru break down to the 168 levels as suggested. It very hard for me, other than predicting the news which I am not great at, to jump on that quick of a move.
Obviously, this area means an awful lot
  • #12,997
  • Apr 15, 2014 5:23am Apr 15, 2014 5:23am
IMHO.... GJ will drop but this F******g fundamental keep saying gbp is at a good period....
im still waiting to sing London bridge is falling down...
row row row your boat
  • #12,998
  • Apr 15, 2014 5:56am Apr 15, 2014 5:56am
Posted this yesterday on the UJ thread - for which I was admonished for not giving an analysis. I thought it tells a story without words.

Attached Image (click to enlarge)
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ps , it's a weekly chart, showing the whole move up from the bottom.
  • #12,999
  • Apr 15, 2014 5:57am Apr 15, 2014 5:57am
GBPJPY is a buy. From the technical viewpoint, it's quite clear.

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  • #13,000
  • Apr 15, 2014 7:01am Apr 15, 2014 7:01am
So far decision point 169.80/60 got rejected thrice
which is the weekly low and halfway of both decision points @ 170.40/20 ((171.00 + 169.80) / 2) which is weekly high.

Range is clear, if 170.40/20 gets taken out and show demand we should see 171.00/0.80; if 169.80/60 gets taken out next is 169.40/20 or below @ 167.20/00
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