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Geppy's Geppy Thread (GBP/JPY)

  • #13,661
  • May 14, 2014 4:00am May 14, 2014 4:00am
Quoting arunthegreat
Only short today. It may test 171
rightly said mate!!
  • #13,662
  • May 14, 2014 4:41am May 14, 2014 4:41am
Quoting workingforex
{quote} rightly said mate!!
May book partial profits now.
Arun
  • #13,663
  • May 14, 2014 4:46am May 14, 2014 4:46am
Quoting arunthegreat
{quote} May book partial profits now.
10 or so more pips and it's only just begun.
  • #13,664
  • May 14, 2014 6:45am May 14, 2014 6:45am
Quoting Mpt
{quote} 10 or so more pips and it's only just begun.
I came out in gbpjpy. good profits.
Arun
  • #13,665
  • May 14, 2014 6:55am May 14, 2014 6:55am
Quoting workingforex
{quote} Will we test 173 again today ?
We broke 171,000 if candel gets cloed like it is now
  • #13,666
  • May 14, 2014 7:20am May 14, 2014 7:20am
Quoting lakhan
@LG Possibly... Staying out atm {image}
Well blew that TL. Got short on WR1. tgt 170.28, doubt it though. 180 pips so far. Might cut it at 200
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh41.png Size: 45 KB
  • #13,667
  • May 14, 2014 7:34am May 14, 2014 7:34am
Closed for 174 piperinos
  • #13,668
  • May 14, 2014 8:21am May 14, 2014 8:21am
Can see this rising back up to 172.00 area in the next few sessions
Be greedy when the market is fearful, be fearful when the market is greedy
  • #13,669
  • May 14, 2014 1:10pm May 14, 2014 1:10pm
It found the weekly trend line support at 170.60. May give a pullback.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpyweeklysupport.png Size: 34 KB
Click to Enlarge Name: gbpjpydailysupport.png Size: 40 KB
Arun
  • #13,670
  • May 14, 2014 7:03pm May 14, 2014 7:03pm
https://charts.mql5.com/4/709/gbpjpy...tments-inc.png
  • #13,671
  • May 15, 2014 4:19am May 15, 2014 4:19am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4-fxopen-investments-inc.png Size: 50 KB
  • #13,672
  • May 15, 2014 8:25am May 15, 2014 8:25am
Nice pattern. But it needs to break 171.0 area..
Intraday only.
  • #13,673
  • May 15, 2014 10:09am May 15, 2014 10:09am
Quoting PatienceFx
{image}
PatienceFx, it is really nice when you put down a word or two as well with your charts, hope am not asking for too much! Really appreciate your analysis.
  • #13,674
  • May 15, 2014 11:11am May 15, 2014 11:11am
The pattern failed today.
Intraday only.
  • #13,675
  • May 15, 2014 11:58am May 15, 2014 11:58am
Quoting navk
The pattern failed today.
May I know which pattern failed today .
Arun
  • #13,676
  • May 15, 2014 12:53pm May 15, 2014 12:53pm
Hormonic
Intraday only.
  • #13,677
  • May 15, 2014 2:47pm May 15, 2014 2:47pm
Quoting navk
The pattern failed today.
well the gartley did not fail, its just a matter of perception

UJ has reached bottom of its range, so its all about patience now

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-d1-fxopen-investments-inc.png Size: 38 KB
  • #13,678
  • Edited 9:43pm May 15, 2014 7:01pm | Edited 9:43pm
It sits at good support at 170.2/5. A loss of current support takes it to next nominal support at 169.7 ish. Thereafter 169.4/5 or so.

It could well bounce from any of those supports to maybe commence an uptrend, whereas a drop out of about 169.2 or so takes it down into the 168.5/7 ~168 to 167.5 area. A loss of 167.2 ish has it in the 165 area but only a loss of 162.5/163 says it's in reversal.

Whilst UJ appears to be at previous support, its weekly gann has just flipped for the first time in, well, a long while. Such action SUGGESTS that UJ support may be about to give way in the near future.
  • #13,679
  • May 15, 2014 10:15pm May 15, 2014 10:15pm
that's right...our super-dooper triple snooper elliott wave waited three weeks for the top to be hit....2 pips from it, anyway.....big down...but I want longs...
  • #13,680
  • Edited 10:55pm May 15, 2014 10:26pm | Edited 10:55pm
Quoting Gbp/jpy
that's right...our super-dooper triple snooper elliott wave waited three weeks for the top to be hit....2 pips from it, anyway.....big down...but I want longs...
Somehow I suspect you'll get that which you are given. I know I've said this before, but everyone just assumed that GJ would extend and continue towards the sky. But no-one - anywhere - seems to have ever contemplated the tiny possibility that this entire move from 117 was a mere correction - a C wave. (the first move to 163 in 2009 would have been the A wave). C waves do not always have an extension.

Highly unlikely - but still possible.
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