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Geppy's Geppy Thread (GBP/JPY)

  • #13,261
  • Apr 24, 2014 5:23am Apr 24, 2014 5:23am
if tl breaks, dial 1800-GOD-PRAY

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  • #13,262
  • Apr 24, 2014 5:31am Apr 24, 2014 5:31am
Quoting roryh86
{quote} 172.10 not 172. But I feel there is a lot of price manipulation from bankers, attempting to force trends. GJ doesn't seem to be moving in a natural market way. Huge drop yesterday and then a huge rally back up to 172.10 same day, and if it breaks 172.10 and becomes bullish this doesn't make sense after the move hit major resistance trend line from jan and March high and a bearish engulfing bar on the daily chart was formed at swing high. With all the forex scandals lately I wouldn't be surprised if this is the case.
Are you kidding me? Trendline bounce almost to the pip. Fall and reached first dynamic support, broke it to give a hint that move down is not finished yet, broke it again to confirm intentions, next day retrace to dynamic daily pivot, to the pip exactly, continuation to fall... Fall delayed as good news came aboard, but price still in decline. Price is behaving exactly as it should. No manipulation whatsoever. Pure technical.
  • #13,263
  • Apr 24, 2014 5:32am Apr 24, 2014 5:32am
Quoting PatienceFx
if tl breaks, dial 1800-GOD-PRAY {image}
Conversely, we haven't had a good GJ dump for many a year
  • #13,264
  • Apr 24, 2014 5:32am Apr 24, 2014 5:32am
So much noise in here..

If 171.95/75 demand then 172.70/60; if supply then 171.20/00
  • #13,265
  • Apr 24, 2014 5:37am Apr 24, 2014 5:37am
Quoting IndigoPingvi
{quote} Are you kidding me? Trendline bounce almost to the pip. Fall and reached first dynamic support, broke it to give a hint that move down is not finished yet, broke it again to confirm intentions, next day retrace to dynamic daily pivot, to the pip exactly, continuation to fall... Fall delayed as good news came aboard, but price still in decline. Price is behaving exactly as it should. No manipulation whatsoever. Pure technical.
Agreed!
Trade what you see, not what you think.
  • #13,266
  • Apr 24, 2014 5:49am Apr 24, 2014 5:49am
Quoting cat
{quote} Ill reply to this as I have nothing better to do. There was no " huge " rally back up to 172.10. that was just the price finding support during the New York trading hours, which it very often does, and that support, for me, was the 1 hour 200SMA. We we have a situation at the top of a long bullish run, where we are ranging sideways. Expect then this pair at the moment to drop one day and rise the next, or just be stuck as it has been so far today. That is forex, and it behaves like this day in day out. So get rid of your conspiracy theories...

Conspiracy? Don't you read the news? http://uk.reuters.com/article/2014/0...0M71KO20140331

I agree with the 200 SMA on the hour chart, but a 60 pip run upwards 3 straight green bars with no hint of struggle at the very resistant area of 171.75-85?
  • #13,267
  • Apr 24, 2014 6:01am Apr 24, 2014 6:01am
Quoting roryh86
{quote} Conspiracy? Don't you read the news? http://uk.reuters.com/article/2014/0...0M71KO20140331 I agree with the 200 SMA on the hour chart, but a 60 pip run upwards 3 straight green bars with no hint of struggle at the very resistant area of 171.75-85?
I do read the news, but I don't trade it. As I said before,a late rally following heavy selling is nothing out of the ordinary for any pair, particularly this one, and especially when we are still in a bullish trend. Remember, when support is found, as it was yesterday, traders take profits and this with the addition of buyers coming into the market will push price back up pretty smartly to the first line of resistance, which was for me the 15m 100sma/200ema. Then the price had nowhere to go but to fall back again. Technical moves, nothing more.
  • #13,268
  • Apr 24, 2014 6:02am Apr 24, 2014 6:02am
JPY has weakened
  • #13,269
  • Apr 24, 2014 6:17am Apr 24, 2014 6:17am
GJ was up , very sad
  • #13,270
  • Apr 24, 2014 6:24am Apr 24, 2014 6:24am
Quoting giahung4ever
GJ was up , very sad
Use MONEY MANAGEMENT so you can trade relaxed instead of sweating bullets and commentating on GJ 1m chart.
Trade what you see, not what you think.
  • #13,271
  • Apr 24, 2014 6:35am Apr 24, 2014 6:35am
Quoting karmostaji
{quote} Use MONEY MANAGEMENT so you can trade relaxed instead of sweating bullets and commentating on GJ 1m chart.
because i have order sell 170.96 from 16-4-2014
  • #13,272
  • Apr 24, 2014 6:38am Apr 24, 2014 6:38am
Quoting giahung4ever
{quote} because i have order sell 170.96 from 16-4-2014
Use a stop loss always otherwise you will end up blowing your account and that's not a good feeling to experience.
Trade what you see, not what you think.
  • #13,273
  • Apr 24, 2014 6:42am Apr 24, 2014 6:42am
Quoting giahung4ever
{quote} because i have order sell 170.96 from 16-4-2014
So what's your plan of action now?
  • #13,274
  • Apr 24, 2014 6:45am Apr 24, 2014 6:45am
Quoting giahung4ever
GJ was up , very sad
May I suggest that instead of filling this thread with unnecessary and TOTALLY irrelevant comments you go to Babypips . com and go to their school where you will learn some of the basics about trading - one of which would be NOT to sit through a 280 pip drawdown without a VERY good reason and PLAN telling you why to do so.......you obviously have neither.
Trading Levels with WRBs
  • #13,275
  • Apr 24, 2014 6:49am Apr 24, 2014 6:49am
Quoting cat
{quote} So what's your plan of action now?
i hope it will go down
  • #13,276
  • Apr 24, 2014 6:50am Apr 24, 2014 6:50am
Quoting Islander
{quote} May I suggest that instead of filling this thread with unnecessary and TOTALLY irrelevant comments you go to Babypips . com and go to their school where you will learn some of the basics about trading - one of which would be NOT to sit through a 280 pip drawdown without a VERY good reason and PLAN telling you why to do so.......you obviously have neither.
I haven't got an issue with the draw down per se. It was the 2 lots traded with a 4.5K account.

GJ still not bullish
  • #13,277
  • Apr 24, 2014 6:54am Apr 24, 2014 6:54am
Quoting giahung4ever
{quote} i hope it will go down
I thought that your answer would be somewhere along those lines. I am not about to advise you to do anything except to say that you need to ask yourself whether you want to risk losing even more money, or do you get out now, cut your losses, learn from the experience, and never make the same mistake again. It may continue to fall, but it may now, having found support, go higher, in what is still a powerful up trend on the weekly chart. One thing for sure, I know what I would do.
  • #13,278
  • Apr 24, 2014 7:13am Apr 24, 2014 7:13am
Quoting Mpt
{quote} I haven't got an issue with the draw down per se. It was the 2 lots traded with a 4.5K account. GJ still not bullish
Agreed - provided that it IS part of a Trading Plan. If it is NOT, then it WILL influence the judgement of the trader until the position is closed.
Trading Levels with WRBs
  • #13,279
  • Apr 24, 2014 7:21am Apr 24, 2014 7:21am
Quoting PatienceFx
if tl breaks, dial 1800-GOD-PRAY {image}
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  • #13,280
  • Apr 24, 2014 7:44am Apr 24, 2014 7:44am
Quoting PatienceFx
{quote} {image} {image}

gj daily has a wedge

gj weekly has bounced strongly on rising trendline

summary: do whatever u want to do

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