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Geppy's Geppy Thread (GBP/JPY)

  • #13,181
  • Apr 23, 2014 3:26am Apr 23, 2014 3:26am
I think support is @ 171.20.. dunno if am right
  • #13,182
  • Apr 23, 2014 3:29am Apr 23, 2014 3:29am
Quoting alukojoshfx
{quote} thanks a lot, but at what price would i know if its been rejected?
It already rejected 172.70/50, the question is if price is able to get back into that area and sustain. If it does, hold onto it and take partials @ 173.45/25. The next decision point down is171.95/75. Since you have a long trade off 172.04 which is between those decision points you got following scenarios:

(1) You close all your position below 172.00
(2) You bail the long trade at 172.04 @ BE and the long trade at 171.44 protect profits below decision point 171.95/75
(3) You let them all run and bail if your average is BE

Add: Btw, it rejected the minor decision point I posted yesterday (http://www.forexfactory.com/showthre...67#post7420067), if it holds it should get back into 172.70/50; next is 173.45/25 then; if not next is 171.95/75
  • #13,183
  • Apr 23, 2014 3:35am Apr 23, 2014 3:35am
Quoting Mpt
{quote} I guess we both said the same thing - in different ways.
Yes thats why I just agreed, different perspective, same thing. (I have no clue of EW)
  • #13,184
  • Apr 23, 2014 3:40am Apr 23, 2014 3:40am
Quoting FX-Ray
{quote} It already rejected 172.70/50, the question is if price is able to get back into that area and sustain. If it does, hold onto it and take partials @ 173.45/25. The next decision point down is171.95/75. Since you have a long trade off 172.04 which is between those decision points you got following scenarios: (1) You close all your position below 172.00 (2) You bail the long trade at 172.04 @ BE and the long trade at 171.44 protect profits below decision point 171.95/75 (3) You let them all run and bail if your average is BE Add: Btw, it rejected...
This sounds very helpful and relieving. I'm glad you guys are helpful. my first stp is 172'12 and 171.60 respectively with target @ 174.90... thanks alot seems i can can now watch with no fidgeting
  • #13,185
  • Apr 23, 2014 3:45am Apr 23, 2014 3:45am
And karmostaji's favourite indicator, the 4 hr gann is flipping - meaning more down
  • #13,186
  • Apr 23, 2014 3:53am Apr 23, 2014 3:53am
Quoting Mpt
And karmostaji's favourite indicator, the 4 hr gann is flipping - meaning more down
Am watching 25/15, if it holds next is 172.70/50; if not next is 171.95/75
  • #13,187
  • Apr 23, 2014 3:56am Apr 23, 2014 3:56am
Bought 172.25; gonna bail below 172.10; 1st target 172.70/50
  • #13,188
  • Apr 23, 2014 3:57am Apr 23, 2014 3:57am
Quoting Mpt
And karmostaji's favourite indicator, the 4 hr gann is flipping - meaning more down
atleast to 171.75 area and we shall see then... bounce or more downside..
Trade what you see, not what you think.
  • #13,189
  • Apr 23, 2014 3:58am Apr 23, 2014 3:58am
Quoting karmostaji
{quote} atleast to 171.75 area and we shall see then... bounce or more downside..
What is Gann 4H flipping?
  • #13,190
  • Apr 23, 2014 3:59am Apr 23, 2014 3:59am
Quoting FX-Ray
{quote} Am watching 25/15, if it holds next is 172.70/50; if not next is 171.95/75
Good morning!

Me too watching at the minute!

PS Add: By the way what is all time high in GJ ? The one I could find was GJ @ 251.
  • #13,191
  • Apr 23, 2014 4:00am Apr 23, 2014 4:00am
Quoting workingforex
{quote} Good morning! Me too watching at the minute! PS Add: By the way what is all time high in GJ ? The one I could find was GJ @ 251.
251 is wrong, G/J all time high @ 1014.10 printed mid March 1963
  • #13,192
  • Apr 23, 2014 4:02am Apr 23, 2014 4:02am
Quoting karmostaji
{quote} atleast to 171.75 area and we shall see then... bounce or more downside..
How come I knew you were watching?
  • #13,193
  • Apr 23, 2014 4:03am Apr 23, 2014 4:03am
Quoting workingforex
{quote} Good morning! Me too watching at the minute! PS Add: By the way what is all time high in GJ ? The one I could find was GJ @ 251.
That was in 2007 or so. Basically, GJ has as lot of catching up to do - eventually
  • #13,194
  • Apr 23, 2014 4:05am Apr 23, 2014 4:05am
Quoting FX-Ray
{quote} What is Gann 4H flipping?
Gann Hi-lo indicator. It suggests that 1/4/daily etc resistance or support is intact or broken
  • #13,195
  • Apr 23, 2014 4:06am Apr 23, 2014 4:06am
Quoting karmostaji
{quote} atleast to 171.75 area and we shall see then... bounce or more downside..
agreed
  • #13,196
  • Apr 23, 2014 4:06am Apr 23, 2014 4:06am
Quoting workingforex
{quote} Good morning! Me too watching at the minute! PS Add: By the way what is all time high in GJ ? The one I could find was GJ @ 251.
The good ole days with Auslanco when the whole madness started, +1,000 pips in a day.

I miss those days
Trade what you see, not what you think.
  • #13,197
  • Apr 23, 2014 4:07am Apr 23, 2014 4:07am
Quoting Mpt
{quote} How come I knew you were watching?
You are a magician
Trade what you see, not what you think.
  • #13,198
  • Apr 23, 2014 4:09am Apr 23, 2014 4:09am
Quoting FX-Ray
{quote} 251 is definitely wrong, G/J all time high @ 1014.10 printed mid March 1963
OMG!! I hope/wish I am holding on to 171.60 long and it reached 1963 level. Lol!

PS Add: Hope/Wishing are strong emotions in trading, need to keep them under check all the time. Just a piece of advice. Trade what you see and see what you trade!
  • #13,199
  • Apr 23, 2014 4:29am Apr 23, 2014 4:29am
Quoting karmostaji
{quote} You are a magician
People say many things about me - a magician is usually not one of them. But yes ... the old days where folks weren't exited about 50 pips in a day. They will return
  • #13,200
  • Apr 23, 2014 4:44am Apr 23, 2014 4:44am
Quoting Mpt
{quote} People say many things about me - a magician is usually not one of them. But yes ... the old days where folks weren't exited about 50 pips in a day. They will return

GM - any chance you could dust off your crystal ball and let us know when that will be....
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