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Geppy's Geppy Thread (GBP/JPY)

  • #13,061
  • Apr 17, 2014 3:26am Apr 17, 2014 3:26am
Quoting Far-Mar
{quote} http://www.forexfactory.com/showthre...07274&page=649 its about the day before yesterday made only 96 pips out of it. I dont have much sabr))) thats why i dont like uptrend no, im just living.. Almost 8 years)
Patience is one of the keys to being a successful trader.
Trade what you see, not what you think.
  • #13,062
  • Apr 17, 2014 3:29am Apr 17, 2014 3:29am
Quoting karmostaji
{quote} Patience is one of the keys to being a successful trader.
I know, but still cant(( tell me one thing please, if you bought yesterday, what is your target, average i mean.. 100 pips? 300 pips?
  • #13,063
  • Apr 17, 2014 3:38am Apr 17, 2014 3:38am
Quoting Far-Mar
{quote} I know, but still cant(( tell me one thing please, if you bought yesterday, what is your target, average i mean.. 100 pips? 300 pips?
It depends on the set up the chart is presenting, in this instance if 173 is broken, I will hold onto my trades till the uptrend seems exhausted, but in the meantime will move my stops higher as it goes up.

Every trade is different, we have to be flexible and adjust our trades/minds to what the chart is telling us and not get married to a position or direction.
Trade what you see, not what you think.
  • #13,064
  • Apr 17, 2014 3:44am Apr 17, 2014 3:44am
Quoting Far-Mar
{quote} Hi, you are bullish, aren't you? What is you target?
at least 172.60/40
http://www.forexfactory.com/showthre...69#post7405269
  • #13,065
  • Apr 17, 2014 3:45am Apr 17, 2014 3:45am
Cable new high. Could not sustain.
  • #13,066
  • Apr 17, 2014 3:49am Apr 17, 2014 3:49am
Quoting karmostaji
{quote} It depends on the set up the chart is presenting, in this instance if 173 is broken, I will hold onto my trades till the uptrend seems exhausted, but in the meantime will move my stops higher as it goes up. Every trade is different, we have to be flexible and adjust our trades/minds to what the chart is telling us and not get married to a position or direction.
And what about the stops for your positions? When you start trade.. Not more than 50 is fine?
  • #13,067
  • Apr 17, 2014 3:50am Apr 17, 2014 3:50am
Quoting FX-Ray
{quote} at least 172.60/40 http://www.forexfactory.com/showthre...69#post7405269
Thanks a lot, i will short there
  • #13,068
  • Apr 17, 2014 3:53am Apr 17, 2014 3:53am
Quoting Far-Mar
{quote} And what about the stops for your positions? When you start trade.. Not more than 50 is fine?
It all depends on how much % of your account you are willing to risk, my stops can vary between 50 to 150 pips for GJ.
Trade what you see, not what you think.
  • #13,069
  • Apr 17, 2014 3:54am Apr 17, 2014 3:54am
Quoting Far-Mar
{quote} Thanks a lot, i will short there
Dont jump the gun, it can break through and act as support, be careful.
  • #13,070
  • Apr 17, 2014 3:55am Apr 17, 2014 3:55am
Quoting karmostaji
{quote} It all depends on how much % of your account you are willing to risk, my stops can vary between 50 to 150 pips for GJ.
Thanks a lot, you helped me much. Allah bless you wish you all the best.
  • #13,071
  • Apr 17, 2014 3:55am Apr 17, 2014 3:55am
Quoting giahung4ever
sell GJ 171.6 TP 170.6 , hope lucky
Its still acting as support.

http://www.forexfactory.com/showthre...93#post7410393
http://www.forexfactory.com/showthre...67#post7409767
  • #13,072
  • Apr 17, 2014 3:58am Apr 17, 2014 3:58am
Quoting FX-Ray
{quote} Dont jump the gun, it can break through and act as support, be careful.
I have very tight stops) need to see price action there, in order to make a right decision. Anyway thank you so much, God bless!
  • #13,073
  • Apr 17, 2014 4:16am Apr 17, 2014 4:16am
Quoting workingforex
{quote} Still holding @ 171.80/60, waiting for it to break below.
You got your entry?
  • #13,074
  • Apr 17, 2014 4:16am Apr 17, 2014 4:16am
hope to see some action before holiday..
when GOD brings you a challenge he also gives you the power to deal with it
  • #13,075
  • Apr 17, 2014 4:17am Apr 17, 2014 4:17am
Cable's overnight break above the 1.6820 resistance area in a 25 pip 5m bar was a classic breakout move and price needs to hold above that area to confirm a continuation move towards its 2009 high at 1.7040.

UJ has recently put in a higher low above its longer term 102 support area and is once again chopping around its three month PVP level just above 102 and IF it holds above this BRN it improves the probability of another rally.....all good for GJ to revisit 173 or even 173.56.....TWT....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #13,076
  • Apr 17, 2014 4:21am Apr 17, 2014 4:21am
Quoting FX-Ray
{quote} You got your entry?
Yes entered @171.60, 171.60 acting as good support, hope we break above 172 and then 172.40-60. 172.60 can be resistance, so should be a good point to book some profit.

Cheers and thank you for the levels. Keep it up!

PS Add: I like the you made. Is that me ? Liked it!! hahahaha.. you made me laugh!
  • #13,077
  • Apr 17, 2014 4:25am Apr 17, 2014 4:25am
Quoting workingforex
{quote} Yes entered @171.60, 171.60 acting as good support, hope we break above 172 and then 172.40-60. 172.60 can be resistance, so should be a good point to book some profit. Cheers and thank you for the levels. Keep it up!
You´re welcome, nice entry.
  • #13,078
  • Apr 17, 2014 4:38am Apr 17, 2014 4:38am
Folks, there are no real entries for long. This move is 100% typical of the end of the wave pattern I threw up yesterday. It may make a new high ... but the end does not always come come with an extension. At a moments notice, 171.6 could get taken out.
  • #13,079
  • Apr 17, 2014 4:40am Apr 17, 2014 4:40am
Quoting Mpt
Folks, there are no real entries for long. This move is 100% typical of the end of the wave pattern I threw up yesterday. It may make a new high ... but the end does not always come come with an extension. At a moments notice, 171.6 could get taken out.
Of course it can and if it does downside targets also known.

Add: But is "This move is 100% typical of the end of the wave pattern I threw up yesterday." a reason to short though?
  • #13,080
  • Apr 17, 2014 4:48am Apr 17, 2014 4:48am
for now its in a very small range and not typical for GJ...i belive the break will come soon (i hope for north)
when GOD brings you a challenge he also gives you the power to deal with it
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