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Geppy's Geppy Thread (GBP/JPY)

  • #13,121
  • Apr 22, 2014 5:38am Apr 22, 2014 5:38am
maybe another touch lower band and break out either sides
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  • #13,122
  • Apr 22, 2014 6:30am Apr 22, 2014 6:30am
Quoting Freshpips
Anyone have any idea why the market has had such low volume this year? Daily ranges on everything have been reduced, so many false breakouts and deep correctional moves, very few fluent moves/trends... Very frustrating market conditions. Any Ideas on when this may change?
I'm hoping someone can tell me too. I upload an ADR table on another thread every now and then and its horrific out there at the moment. Towards the end of last year we had the top 6 pairs (not exotics) well over 300 each. Now they sometimes barely lift above 120!?
In life you get 3 types of people, those who can count and those who can't.
  • #13,123
  • Edited 7:20am Apr 22, 2014 6:40am | Edited 7:20am
Decision Points calendar week 17 for GBP/JPY:

(1) 174.20/00
(2) 173.45/25
(3) 172.70/50
(4) 171.95/75
(5) 171.20/00
(6) 170.15/69.95
(7) 169.30/10
(8) 168.45/25
(9) 167.60/40

Good Luck!

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  • #13,124
  • Apr 22, 2014 6:51am Apr 22, 2014 6:51am
Quoting Freshpips
Anyone have any idea why the market has had such low volume this year? Daily ranges on everything have been reduced, so many false breakouts and deep correctional moves, very few fluent moves/trends... Very frustrating market conditions. Any Ideas on when this may change?
Its a market stage. It does repeat consistently, protect capital, better on the sidelines instead of being chopped to death.

Add: Still preferring long
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  • #13,125
  • Apr 22, 2014 6:54am Apr 22, 2014 6:54am
Quoting HedgePiglet
{quote} I'm hoping someone can tell me too. I upload an ADR table on another thread every now and then and its horrific out there at the moment. Towards the end of last year we had the top 6 pairs (not exotics) well over 300 each. Now they sometimes barely lift above 120!?
That's what I mean, its an extremely difficult market to trade... Its very choppy, then if your lucky you may get a 3 bar run, then more chop. Very frustrating.
  • #13,126
  • Apr 22, 2014 6:56am Apr 22, 2014 6:56am
Quoting FX-Ray
{quote} Its a market stage. It does repeat consistently, protect capital, better on the sidelines instead of being chopped to death. Add: Still preferring long {image}
I completely agree Ray, its just having the discipline to ride out the storm... Most traders will be getting burnt in these conditions, whether they admit it or not. Irrespective of strategys/systems, when the market moves like this, I think its difficult to know where it wants to go...

Edit: Nice entry you just posted Ray... Id lock as much of that in as possible.
  • #13,127
  • Apr 22, 2014 7:05am Apr 22, 2014 7:05am
Quoting Freshpips
{quote} I completely agree Ray, its just having the discipline to ride out the storm... Most traders will be getting burnt in these conditions, whether they admit it or not. Irrespective of strategys/systems, when the market moves like this, I think its difficult to know where it wants to go... Edit: Nice entry you just posted Ray... Id lock as much of that in as possible.
Either you stick to it or you learn it the hardway (losing money), up to you to make up your mind. Even if volatility/range is kinda low still offers opportunities, like the run off 172.05. Important to adapt SL/TP to actual market condition/stage.
  • #13,128
  • Apr 22, 2014 7:06am Apr 22, 2014 7:06am
Price inbetween decision point (3)172.70/50; if demand next is (2)173.45/25; else (4)171.95/75
  • #13,129
  • Apr 22, 2014 7:10am Apr 22, 2014 7:10am
Quoting FX-Ray
Price inbetween decision point (3)172.70/50; if demand next is (2)173.45/25; else (4)171.95/75
Decision point (4) also contains T/B/T level (90/80)
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  • #13,130
  • Apr 22, 2014 7:27am Apr 22, 2014 7:27am
Minor decision point 172.25/15
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  • #13,131
  • Apr 22, 2014 11:16am Apr 22, 2014 11:16am
172,50s becomes support? dont like it..
  • #13,132
  • Apr 22, 2014 11:30am Apr 22, 2014 11:30am
Quoting Far-Mar
172,50s becomes support? dont like it..
Why fight it?
  • #13,133
  • Apr 22, 2014 11:38am Apr 22, 2014 11:38am
Quoting FX-Ray
{quote} Why fight it?
i sold at 172,70.. in the morning.. with 20 pips SL. could have around 40 pips, but refused. What is yours average TP on this pair? i mean how many pips on one trade
  • #13,134
  • Apr 22, 2014 11:41am Apr 22, 2014 11:41am
Quoting Far-Mar
{quote} i sold at 172,70.. in the morning.. with 20 pips SL. could have around 40 pips, but refused. What is yours average TP on this pair? i mean how many pips on one trade
Im up +230 so far, you should have taken those 40s because you traded against the actual flow, if it can sustain above 172.70/50 next is 173.45/25

(http://www.forexfactory.com/showthre...25#post7420025)

Add: Added @50ish, am going to bail this trade if it doesnt work out and wait, no special vola today and range is ok. Am done for today.
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  • #13,135
  • Apr 22, 2014 11:50am Apr 22, 2014 11:50am
http://up.ssc.vn/images/753Untitled.png
  • #13,136
  • Apr 22, 2014 11:50am Apr 22, 2014 11:50am
Quoting FX-Ray
{quote} Im up +230 so far, you should have taken those 40s because you traded against the actual flow, if it can sustain above 172.70/50 next is 173.45/25 (http://www.forexfactory.com/showthre...25#post7420025) Add: Added @50ish, am going to bail this trade if it doesnt work out and wait, no special vola today and range is ok. Am done for today. {image}
Cool!

I am still holding my GJ @ 171.60, hopefully will book in around the levels you gave 173.25-45.

PS Add: Top man!
  • #13,137
  • Apr 22, 2014 11:52am Apr 22, 2014 11:52am
Quoting giahung4ever
{image}
Wow dude, are you serious?
  • #13,138
  • Apr 22, 2014 11:54am Apr 22, 2014 11:54am
Quoting giahung4ever
{image}
real account?
  • #13,139
  • Apr 22, 2014 11:55am Apr 22, 2014 11:55am
Quoting workingforex
{quote} Cool! I am still holding my GJ @ 171.60, hopefully will book in around the levels you gave 173.25-45. PS Add: Top man!
If 173.25/45 holds it can go further, you can take partials there and protect profits with remaining position, like below 172.40/20
  • #13,140
  • Apr 22, 2014 12:01pm Apr 22, 2014 12:01pm
I hope GJ will go down from 172.70 to 167.xx , God , please help me now
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