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Geppy's Geppy Thread (GBP/JPY)

  • #13,681
  • May 16, 2014 1:24am May 16, 2014 1:24am
Quoting Mpt
{quote} 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.
hi mpt, kindly please post your chart as reference.thank you
  • #13,682
  • May 16, 2014 3:10am May 16, 2014 3:10am
Quoting alanz76
{quote} hi mpt, kindly please post your chart as reference.thank you
My post was a personal amusing dig at the previous poster (gbp/jpy) who has long held a very bullish expectation.

Now, I'm sure it is ultimately bullish, ... and everyone here who is a long time GJ watcher is fully aware that when price gets over 173.1 it becomes very bullish again. But, playing the simple contrarian, this is the chart that has always intrigued me. The fact that standard fib retracement levels on this chart also coincide with nearly every place that we paused at or tested on the way up from 117 is probably a huge coincidence. But then, coincidences don't determine direction.

Here's the chart. Look at it and forget about it unless GJ ever breaks under about 163.

Attached Image (click to enlarge)
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  • #13,683
  • May 16, 2014 3:36am May 16, 2014 3:36am
Quoting Mpt
{quote} My post was a personal amusing dig at the previous poster (gbp/jpy) who has long held a very bullish expectation. Now, I'm sure it is ultimately bullish, ... and everyone here who is a long time GJ watcher is fully aware that when price gets over 173.1 it becomes very bullish again. But, playing the simple contrarian, this is the chart that has always intrigued me. The fact that standard fib retracement levels on this chart also coincide with nearly every place that we paused at or tested on the way up from 117 is probably a huge coincidence....
Thank you
  • #13,684
  • May 16, 2014 3:44am May 16, 2014 3:44am
Nikkei at bottom 14110. The downstair move could be very strong. Let's see.
No emotions, just trade
  • #13,685
  • May 16, 2014 5:23am May 16, 2014 5:23am
using day open [ balance ]

Attached Image (click to enlarge)
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  • #13,686
  • May 17, 2014 10:26pm May 17, 2014 10:26pm
uj monthly needs a stimulus or a ww3 to move it arse

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  • #13,687
  • May 17, 2014 10:30pm May 17, 2014 10:30pm
Quoting PatienceFx
uj monthly needs a stimulus or a ww3 to move it arse {image}
same applies to gj weekly, making it more useful to scalp its arse on smaller time frames than to expect big targets

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  • #13,688
  • May 21, 2014 7:16am May 21, 2014 7:16am
this room use to rock, now is dead? Just shorted at 170.745- feels heavy
  • #13,689
  • May 21, 2014 7:37am May 21, 2014 7:37am
is it too late to enter short right now at 170.738? to take 30 pips
  • #13,690
  • May 21, 2014 9:46am May 21, 2014 9:46am
Quoting Compulsive
this room use to rock, now is dead? Just shorted at 170.745- feels heavy
Definitely agree... this thread used to be the best

I've been short for the past week, but I covered yesterday and went long. It was clearly forming a base and with the DOW down over 100 points yesterday coupled with our inability to go lower, I knew something was up.

I'm currently long at an average of 170.45 and planning on holding for now.
check out my blog: forexmademillionaire dot com
  • #13,691
  • May 21, 2014 9:56am May 21, 2014 9:56am
Quoting Compulsive
this room use to rock, now is dead? Just shorted at 170.745- feels heavy
buncha cat fights and members went their own ways. shocking to see geppy posting up in here. must be a blue moon. perhaps albchr makes a return as well...
  • #13,692
  • May 21, 2014 10:10am May 21, 2014 10:10am
Quoting InnerSong
{quote} buncha cat fights and members went their own ways. shocking to see geppy posting up in here. must be a blue moon. perhaps albchr makes a return as well...
Worse threads have been resurrected, I'm sure
check out my blog: forexmademillionaire dot com
  • #13,693
  • May 21, 2014 10:15am May 21, 2014 10:15am
Quoting InnerSong
{quote} buncha cat fights and members went their own ways. shocking to see geppy posting up in here. must be a blue moon. perhaps albchr makes a return as well...
No way!

But seriously, Geppy isn't only the creator, but the life force behind this thread. I lurk, but don't want to interrupt.

Good to see you post Geppy.
Ghost Rider - WWTBMD?
  • #13,694
  • May 21, 2014 11:25am May 21, 2014 11:25am
Quoting albchr
{quote} No way! But seriously, Geppy isn't only the creator, but the life force behind this thread. I lurk, but don't want to interrupt. Good to see you post Geppy.
WOAH! Looksie who it is. Good to see you too, man. Hope things are going well.
check out my blog: forexmademillionaire dot com
  • #13,695
  • May 21, 2014 11:40am May 21, 2014 11:40am
Quoting Geppy
{quote} WOAH! Looksie who it is. Good to see you too, man. Hope things are going well.
Eh... hanging in there bro. Just came back to trading this April after some time off. Hope the new home is everything you guys wanted.
Ghost Rider - WWTBMD?
  • #13,696
  • May 21, 2014 12:57pm May 21, 2014 12:57pm
Quoting albchr
{quote} Eh... hanging in there bro. Just came back to trading this April after some time off. Hope the new home is everything you guys wanted.
Nice, I've been trying to get back in the saddle too but work and life have been crazy. I'm getting married in August and then shooting off for 2.5 weeks in Europe (Venice, Florence, Paris, and rounding it out in Mallorca). So lots happening, but trying to start throwing some more trades on. Also going to try and pop in here more often, see if we can't revive this ol' thread.

The house has been great though, can't believe it's been almost a year now we've been in there!
check out my blog: forexmademillionaire dot com
  • #13,697
  • May 21, 2014 1:06pm May 21, 2014 1:06pm
OK, all. I'm not a big fan of opening up my trade explorers but I like to try and be somewhat transparent. Here's my equity graph since getting back in the saddle (I'll probably update this weekly or monthly and welcome others to do the same).

As you can see, it was a little rough getting back into it but I'm headed in the right direction now. The unrealized gains represent my open longs I talked about taking yesterday. Before these last longs, I made some money on the short side after previously being long, hoping for a solid break of 173/174, and then realizing it wasn't quite time.

Looking at a chart, the overall trend is up. But we've been stuck in some gnarly consolidation for quite awhile. I think that this latest dip down was exactly what we needed to wash out any weak longs and hopefully sets us up for a big break of 173/174 area. An ideal playbook would be that break followed by a run to maybe 175ish, then a retest of previous resistance as support in the 173/174 area where we can reload longs for a longer ride north.

That's my hopeful, current plan at least:
Attached Image (click to enlarge)
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check out my blog: forexmademillionaire dot com
  • #13,698
  • May 21, 2014 6:28pm May 21, 2014 6:28pm
Welcome back Geppy.

To remain bullish, GJ must reclaim 171.5/7 and then break 172.3 ish to then test 173.1 before a fall back.

A drop soon under 170.8 and 170.5 suggests 169.5 then 169.0/1. Under 169 takes it much further down.
  • #13,699
  • May 21, 2014 6:45pm May 21, 2014 6:45pm
Quoting Mpt
Welcome back Geppy. To remain bullish, GJ must reclaim 171.5/7 and then break 172.3 ish to then test 173.1 before a fall back. A drop soon under 170.8 and 170.5 suggests 169.5 then 169.0/1. Under 169 takes it much further down.
Definitely some tough/critical levels above, but don't forget the weekly trend is up, Up, and UP. I've seen her blow through levels like they weren't even there on plenty of occasions. So stay sharp!
check out my blog: forexmademillionaire dot com
  • #13,700
  • May 21, 2014 8:11pm May 21, 2014 8:11pm
Hi guys,

Yesterday i almost out of the game with GJ .
i agree that the trend is up for the week. And i personally go long up to 172.75 (that is my targe for now).
i also believe that 173/174 we will see it maybe on next week. But once my target is reach i will wait until the pull back again and go short again till 171.


i am apologized if my idea may not all correct, i just a beginner and i am happy if u guy correct me.


thanks
Learning and Learing
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