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Geppy's Geppy Thread (GBP/JPY)

  • #13,421
  • Apr 30, 2014 12:01am Apr 30, 2014 12:01am
Get ready for another move down for G/J !
Take what the market gives you.
  • #13,422
  • Apr 30, 2014 12:11am Apr 30, 2014 12:11am
gj will make one more effort here

compare last week chart and the tree

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  • #13,423
  • Apr 30, 2014 12:32am Apr 30, 2014 12:32am
Should this be the final down move in what would be a bullish trend, then price should/must not travel below 169.5.

If it does so, even by a few pips, then we are either looking at a new down leg in a larger triangle (that looks like a pennant at the moment) .... or the start of a reversal (only proven when price drops below 163.9)

This assumes, of course, that 172.15 ish breaks
  • #13,424
  • Apr 30, 2014 12:34am Apr 30, 2014 12:34am
Quoting PatienceFx
gj will make one more effort here compare last week chart and the tree {image} {image}
the h1 tree lol

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  • #13,425
  • Apr 30, 2014 12:48am Apr 30, 2014 12:48am
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lower low,
maybe a fantastic oppotunity to sell GJ.
no other killers to me but emotion
  • #13,426
  • Apr 30, 2014 12:55am Apr 30, 2014 12:55am
Congrats to all those that shorted!
Take what the market gives you.
  • #13,427
  • Apr 30, 2014 1:05am Apr 30, 2014 1:05am
Quoting Tiggrrr
Congrats to all those that shorted!
my concept is simple

for intra day if h1 rsi 14 is below 50 then sell and put your hippo weight on it
  • #13,428
  • Apr 30, 2014 1:11am Apr 30, 2014 1:11am
h4 ideas

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  • #13,429
  • Apr 30, 2014 1:14am Apr 30, 2014 1:14am
Quoting PatienceFx
{quote} nothing much, gj has lost steam at +89 pips from month open, uj has broken 102.7 barrier gu is married to 6804 {image}
what the heck was i thinking when i said that about gu lol

its back to his wife
  • #13,430
  • Apr 30, 2014 1:20am Apr 30, 2014 1:20am
Funny how the weekly pivot is holding it up, yet 48 hours ago price just drove straight through it. A case where diagonal supports throughout this whole mess can be more significant than horizontals.
  • #13,431
  • Apr 30, 2014 1:21am Apr 30, 2014 1:21am
Time to buy G/J for retrace!!

BTW on the 1H chart there is a right shoulder forming.
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Take what the market gives you.
  • #13,432
  • Apr 30, 2014 2:53am Apr 30, 2014 2:53am
Good Morning Forex factory Members and Guests

10am Eastern OPTIONS Expiry
For Today, Wednesday April 30, 2014

USD/JPY

103.50 -pay out 500 million
103.00 -pay out 500 million
102.80
102.75
102.724 Daily High - Taken Out Yesterday
102.65 - HOLDING so far
102.50 - BREACHED
102.40 - BREACHED
102.25 - BREACHED
102.20 -pay out 200 million - HOLDING so far
101.65
101.40


GBP/JPY

173.33 Significant Resistance
173.00 Resistance
172.62 Significant Resistance
172.35 Resistance
172.02 Support
171.70 Support
171.50 Support
171.19 Significant Support
171.04 Significant Support

HDA OUT
  • #13,433
  • Apr 30, 2014 3:06am Apr 30, 2014 3:06am
before or after FOMC maybe GJ will touch 173 look at H4 it makes higher high.
  • #13,434
  • Apr 30, 2014 3:34am Apr 30, 2014 3:34am
Quoting khol_hands
before or after FOMC maybe GJ will touch 173 look at H4 it makes higher high.
@khol_hands:

Currently the GBP/USD is heavily bid at 1.6800 and heavily offered at 1.6850

So GBP/JPY will hold up quite nicely for now.

The USD/JPY is nicely behave and based on the option barriers that have been breached so far on the USD/JPY, we have a very high probability of a bullish momentum on the GBP/JPY

Your target of 173.00 is a valid

However we have to be prepared for any eventualities

So keep an eye on the USD/JPY options barriers and continue to watch the GBP/USD if 1.6800 continues to provide support.

HDA OUT
  • #13,435
  • Apr 30, 2014 3:43am Apr 30, 2014 3:43am
See what I mean

GBP/USD is trying to test 1.6800 support again and it is pulling down the GBP/JPY with it

Let see what happens

HDA OUT
  • #13,436
  • Apr 30, 2014 3:55am Apr 30, 2014 3:55am
Indicators

For traders that use algorithmic indicators to help with their analysis of the market. Nothing is wrong with that if you find that it helps with your trading and you are making money from the market.

I however use FACTUAL tools, not indicators.

I trade off of actual FACTS that happen in the market.

I have clearly laid out all the FACTS, so lets see what happens.

Once as traders you to begin to learning WHY, based on FACTS, the market is doing what its doing and what to look for,

YOUR EDGE IN THE MARKET IS MULTIPLIED, TEN FOLD

Hence my Motto, STRESS FREE TRADING

So now we know what to look for to say YES its Bullish and we know what to look for to say YES its Bearish.

HDA OUT
  • #13,437
  • Apr 30, 2014 4:27am Apr 30, 2014 4:27am
@FX-Ray:

If you are watching, give Forex Factory another chance and come back.

Today is my last day to post as my wife gets back to day.

So I wont be around for a bit again

FX-Ray please see posts below

Sunday, August 4, 2013 at 9:52am Eastern
http://www.forexfactory.com/showthre...24#post6867124


Christmas Eve, Friday, December 24, 2010 at 9:58am Eastern
http://www.forexfactory.com/showthre...99#post4264199

HDA OUT
  • #13,438
  • Edited 4:50am Apr 30, 2014 4:38am | Edited 4:50am
last post about decision point from fx-ray

Decision Points calendar week 17 for GBP/JPY:

(1) 174.20/00
(2) 173.45/25
(3) 172.70/50 (from me: now we 're here)
(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

T/B/T on 15m: 172.40-50
  • #13,439
  • Apr 30, 2014 4:45am Apr 30, 2014 4:45am
Quoting HDA
@FX-Ray: If you are watching, give Forex Factory another chance and come back. Today is my last day to post as my wife gets back to day. So I wont be around for a bit again FX-Ray please see posts below Sunday, August 4, 2013 at 9:52am Eastern http://www.forexfactory.com/showthre...24#post6867124 Christmas Eve, Friday, December 24, 2010 at 9:58am Eastern http://www.forexfactory.com/showthre...99#post4264199 HDA OUT
Really impressive HDA, the way you remember posts and reference to them! HOW DO YOU DO IT MAN!

Good job and nice seeing you here and your contributions, really appreciate. I also wish FX-Ray to come back. Hope you can also drop by soon!

PS Add: Tell your Misses there are a lot of people looking forward for your posts, so be kind to us.
  • #13,440
  • Apr 30, 2014 5:00am Apr 30, 2014 5:00am
Quoting workingforex
{quote} Really impressive HDA, the way you remember posts and reference to them! HOW DO YOU DO IT MAN! Good job and nice seeing you here and your contributions, really appreciate. I also wish FX-Ray to come back. Hope you can also drop by soon! PS Add: Tell your Misses there are a lot of people looking forward for your posts, so be kind to us.
@workingforex:

Thank you. Just trying to help.

I don't know how I do it, I just do it.

I love my wife, so I'll do whatever it takes to make her happy. She lets me posts when she thinks I have been a great husband.

I hope she is reading this

HDA OUT
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