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Geppy's Geppy Thread (GBP/JPY)

  • #13,161
  • Apr 22, 2014 10:59am Apr 22, 2014 10:59am
Quoting FX-Ray
{quote} Ditto
NOT f@#king going down will wait until Japan open, if not, i close) or SL will be eaten..)
  • #13,162
  • Apr 22, 2014 11:09am Apr 22, 2014 11:09am
Quoting giahung4ever
[B = Far-Mar; 7421030] {quote} ngày mai tôi nghĩ rằng, nếu chúng ta sẽ được may mắn tôi không nghĩ rằng một cái ǵ đó sẽ xảy ra với tài khoản của bạn, nếu nó có thể đứng 172,70 s. nếu có sẽ không có bất kỳ cành. nhưng hy vọng có giành `t có bất kỳ! tôi nghĩ bán sẽ bắt đầu với Nhật Bản mở cửa .. anyway don `t lo lắng,...
very hope so)
  • #13,163
  • Apr 22, 2014 1:43pm Apr 22, 2014 1:43pm
Chinese data in 5 hours will most likely start the ball rolling, one way or another... however under 50 is contraction, so move down on GJ is more likely. Also Nikkei was dropping today, while GJ was rising, could mean fast descent tomorrow for GJ. But, it is forex, no one knows for sure.
  • #13,164
  • Apr 22, 2014 2:50pm Apr 22, 2014 2:50pm
Quoting Trendzalore
If it stays where it is right now around 172.66 it is going to run up soon. Trading near value area high of the day. Price is higher than yesterdays value area and points of control have been rising for the last 4 trading days. Given that UJ my pop upwards, GJ is ready to follow.
This bears repeating.
  • #13,165
  • Apr 22, 2014 6:54pm Apr 22, 2014 6:54pm
Did I say run? I meant slow trot
  • #13,166
  • Apr 22, 2014 7:35pm Apr 22, 2014 7:35pm
Attached Image
  • #13,167
  • Apr 22, 2014 8:32pm Apr 22, 2014 8:32pm
now the jpy pairs are biased up a little.....just wanted to say something.....he he
  • #13,168
  • Apr 22, 2014 8:33pm Apr 22, 2014 8:33pm
Quoting Gbp/jpy
now the jpy pairs are biased up a little.....just wanted to say something.....he he
Futures look to shake off Chinese data a bit. I would expect it to continue to trade lower (yen futures) into NY open, but euro PMIs may give it fuel
When the facts change I change my mind, what do you do sir
  • #13,169
  • Apr 22, 2014 9:24pm Apr 22, 2014 9:24pm
Quoting giahung4ever
i trust we will win with this order in the future
Don't get married to your positions.
Trade what you see, not what you think.
  • #13,170
  • Apr 23, 2014 12:26am Apr 23, 2014 12:26am
Quoting karmostaji
{quote} Don't get married to your positions.

It bears repeating..
  • #13,171
  • Apr 23, 2014 12:30am Apr 23, 2014 12:30am
Quoting FX-Ray
{quote} It bears repeating..
what do you mean it bears repeating... dunno if i should close my long cos the correction is so sudden? any hint/help pls? urgent
  • #13,172
  • Apr 23, 2014 12:51am Apr 23, 2014 12:51am
Quoting alukojoshfx
{quote} what do you mean it bears repeating... dunno if i should close my long cos the correction is so sudden? any hint/help pls? urgent
The term bears is a word that is most often used in America - it's 'worth' repeating
  • #13,173
  • Apr 23, 2014 1:14am Apr 23, 2014 1:14am
Quoting alukojoshfx
{quote} what do you mean it bears repeating... dunno if i should close my long cos the correction is so sudden? any hint/help pls? urgent
Price?
  • #13,174
  • Apr 23, 2014 1:16am Apr 23, 2014 1:16am
Quoting Mpt
{quote} The term bears is a word that is most often used in America - it's 'worth' repeating
thanks MPT, any advise on this trade, is it a correction or reversal just kinda panic cos the downward rate is too sudden
  • #13,175
  • Apr 23, 2014 1:17am Apr 23, 2014 1:17am
Quoting FX-Ray
{quote} Price?
1st entry 171.44 second entry 172.04 any help fx-ray... should i hold on or close?
  • #13,176
  • Apr 23, 2014 1:20am Apr 23, 2014 1:20am
Quoting alukojoshfx
{quote} 1st entry 171.44 second entry 172.04 any help fx-ray... should i hold on or close?
Okay look, decision point 172.70/50 got rejected, its trading 40ish now, if it gets back into it and sustains there you may hold, in case it doesnt you should protect your profit below 172.00. Dont let a winner become a loser.
  • #13,177
  • Apr 23, 2014 1:20am Apr 23, 2014 1:20am
Quoting alukojoshfx
{quote} thanks MPT, any advise on this trade, is it a correction or reversal just kinda panic cos the downward rate is too sudden
First answer Fxray - but my view - only from elliot waves, is that if price now gets back over 172.49 it is still long. Under there, it is possibly a new move down. I'm taking 172.48 as the bottom of a POSSIBLE subwave 1
  • #13,178
  • Apr 23, 2014 1:21am Apr 23, 2014 1:21am
Quoting FX-Ray
{quote} Okay look, decision point 172.70/50 got rejected, its trading 40ish now, if it gets back into it and sustains there you may hold, in case it doesnt you should protect your profit below 172.00. Dont let a winner become a loser.
thanks a lot, but at what price would i know if its been rejected?
  • #13,179
  • Apr 23, 2014 1:22am Apr 23, 2014 1:22am
Quoting Mpt
{quote} First answer Fxray - but my view - only from elliot waves, is that if price now gets back over 172.49 it is still long. Under there, it is possibly a new move down. I'm taking 172.48 as the bottom of a POSSIBLE subwave 1
Yap, thats correct, where do you see next support?
  • #13,180
  • Apr 23, 2014 1:24am Apr 23, 2014 1:24am
Quoting FX-Ray
{quote} Yap, thats correct
I guess we both said the same thing - in different ways.
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