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Geppy's Geppy Thread (GBP/JPY)

  • #13,081
  • Apr 17, 2014 4:50am Apr 17, 2014 4:50am
Quoting FX-Ray
{quote} Of course it can and if it does downside targets also known.
Hopefully you'll understand that I'm simply relaying not what I think - but what I know from experience. Still could be wrong though. It bounces off the 30 minute (yes 30) ichimoku cloud. FYI Should it fall in under 171.7, the cloud has a curious habit of masking external resistance/support levels. I think I've said this before.

Off for another glass of wine - the boredom is too much
  • #13,082
  • Apr 17, 2014 4:51am Apr 17, 2014 4:51am
Quoting Mpt
{quote} Hopefully you'll understand that I'm simply relaying not what I think - but what I know from experience. Still could be wrong though. It bounces off the 30 minute (yes 30) ichimoku cloud. FYI Should it fall in under 171.7, the cloud has a curious habit of masking external resistance/support levels. I think I've said this before. Off for another glass of wine - the boredom is too much
No offending here MPT, i just ask question and try to make a conversation, thats it. To your health!
  • #13,083
  • Apr 17, 2014 4:51am Apr 17, 2014 4:51am
Quoting FX-Ray
{quote} 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?
I think yes. But stops at 172.1/2
  • #13,084
  • Apr 17, 2014 4:52am Apr 17, 2014 4:52am
Quoting FX-Ray
{quote} No offending here MPT, i just ask question and try to make a conversation, thats it. To your health!
Zero offense taken mate. I'll have one for you
  • #13,085
  • Apr 17, 2014 4:54am Apr 17, 2014 4:54am
Quoting Mpt
{quote} I think yes. But stops at 172.1/2
True, maybe we see a stop hunt before holidays, I prefer long because I dont want to fight price.
  • #13,086
  • Apr 17, 2014 8:42am Apr 17, 2014 8:42am
News in 15 mins could be the catalyst
Trade what you see, not what you think.
  • #13,087
  • Apr 17, 2014 8:49am Apr 17, 2014 8:49am
Quoting karmostaji
News in 15 mins could be the catalyst
what kind of news are there? could you plz tell..
  • #13,088
  • Apr 17, 2014 8:50am Apr 17, 2014 8:50am
Quoting Far-Mar
{quote} what kind of news are there? could you plz tell..
Philly Fed Manufacturing Index : USD
  • #13,089
  • Apr 17, 2014 8:51am Apr 17, 2014 8:51am
Quoting Noob Trader
{quote} Philly Fed Manufacturing Index : USD
thanks mate.. why it is not mention in FF news?
  • #13,090
  • Apr 17, 2014 9:10am Apr 17, 2014 9:10am
Quoting Far-Mar
{quote} thanks mate.. why it is not mention in FF news?
it is there. I am able to see that... not sure why you can't
  • #13,091
  • Apr 17, 2014 9:47am Apr 17, 2014 9:47am
Quoting Noob Trader
{quote} it is there. I am able to see that... not sure why you can't
Thats all i see..
Attached Image (click to enlarge)
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  • #13,092
  • Apr 17, 2014 10:42am Apr 17, 2014 10:42am
Possibility.
otherwise 172.10 high is enough as is.
Attached Image (click to enlarge)
Click to Enlarge Name: gj -17april- 2014.png Size: 52 KB
Markets are not Random, they are designed!
  • #13,093
  • Apr 17, 2014 11:10am Apr 17, 2014 11:10am
Quoting Raza
Possibility. otherwise 172.10 high is enough as is. {image}
On right side of your screen you see a green button which is for filtering news, remove filter and then you will be able to see all news
  • #13,094
  • Apr 17, 2014 11:15am Apr 17, 2014 11:15am
Quoting munna.dakait
{quote} On right side of your screen you see a green button which is for filtering news, remove filter and then you will be able to see all news
Thanks Dakait bhai!

You trade the news I trade charts.
Markets are not Random, they are designed!
  • #13,095
  • Apr 18, 2014 6:30pm Apr 18, 2014 6:30pm
Does anyone think a shooting star candlestick formed with today's daily candlestick close? And taking into consideration the market conditions and the holiday, can this candlestick be considered a reliable signal for a downside?
  • #13,096
  • Apr 18, 2014 11:04pm Apr 18, 2014 11:04pm
Quoting roryh86
Does anyone think a shooting star candlestick formed with today's daily candlestick close? And taking into consideration the market conditions and the holiday, can this candlestick be considered a reliable signal for a downside?
How about this, you go and find all your shooting star s on a particular tf broker and test them all yourself and see, then you will officially know. A candle by itself will probably get you 50% if you are lucky.
All posts are my personal opinion
  • #13,097
  • Apr 19, 2014 2:18pm Apr 19, 2014 2:18pm
Quoting roryh86
Does anyone think a shooting star candlestick formed with today's daily candlestick close? And taking into consideration the market conditions and the holiday, can this candlestick be considered a reliable signal for a downside?
No. It was a bullish bar. There was however no significant brake North. It could mean price is running out of momentum, or it could mean nothing. Looks like there is a king of resistance forming a bit higher. It could bounce now, from there or brake up. I would say more chances are that it will go down, perhaps even through bottom red support trendline. I see JPY pairs heavily correlated with Nikkei and Nikkei has problems with 15.000 area... Good luck!
Attached Image (click to enlarge)
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  • #13,098
  • Apr 19, 2014 2:48pm Apr 19, 2014 2:48pm
I think it will go down to the 170.4 area. It's bouncing nicely off the 12H 200SMA.

Attached Image (click to enlarge)
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  • #13,099
  • Apr 20, 2014 7:48am Apr 20, 2014 7:48am
Quoting IndigoPingvi
{quote} No. It was a bullish bar. There was however no significant brake North. It could mean price is running out of momentum, or it could mean nothing. Looks like there is a king of resistance forming a bit higher. It could bounce now, from there or brake up. I would say more chances are that it will go down, perhaps even through bottom red support trendline. I see JPY pairs heavily correlated with Nikkei and Nikkei has problems with 15.000 area... Good luck! {image}
Yea I just noticed on my cTrader platform it showed as a bearish bar but on the MT4 platform and another broker it showed as bullish.

To be honest I think it has held pretty well around the 172 area and seems like it wont accept to go down before testing the upper trendline and 173 again. If anything I think it has better chance of piercing the upper trendline formed by Jan and March highs. The strong daily pin bar formed on 14th April shows the strength of the upward momentum, and maybe we will see some bounce from the -ve JPY Trade Balance news that will start off the week.

Good luck.
  • #13,100
  • Apr 20, 2014 9:59am Apr 20, 2014 9:59am
Quoting roryh86
{quote} ... maybe we will see some bounce from the -ve JPY Trade Balance news that will start off the week. Good luck.
Don't count to much on it, many countries still have holidays, price tends to have weird movements or stays in small range. Wednesday however should be fun.
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