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Geppy's Geppy Thread (GBP/JPY)

  • #13,741
  • May 28, 2014 11:21pm May 28, 2014 11:21pm
Quoting karmostaji
{quote} Take 2 patience pills in the morning and 2 in the evening, after food
Will do. But I was more alluding to the notion that it may not be overly bearish anymore. If it's a triangle, yes, there' lots more downside. But as a bullish wedge it may have just completed - finally - after 106 days - or is very close to doing so.
  • #13,742
  • May 28, 2014 11:50pm May 28, 2014 11:50pm
Quoting Mpt
{quote} Will do. But I was more alluding to the notion that it may not be overly bearish anymore. If it's a triangle, yes, there' lots more downside. But as a bullish wedge it may have just completed - finally - after 106 days - or is very close to doing so.
Very much possible, we must wait and see I guess. 169.50 area is definitely strong support, it might need some real bad news to break it.

Good luck to all whether you are bullish or bearish
Trade what you see, not what you think.
  • #13,743
  • May 29, 2014 12:51am May 29, 2014 12:51am
I also agree with 169.40-50 , Let see what will she goes...I do both Short and Long...^_^
Learning and Learing
  • #13,744
  • May 29, 2014 8:12am May 29, 2014 8:12am
There was a clear rejection at the 169.50 mark last night... the zone I said to keep an eye on. If we can get below that, there should be room to fall. But if not, the uptrend could definitely continue. I'm still on the sidelines and just watching how things play out.
check out my blog: forexmademillionaire dot com
  • #13,745
  • May 29, 2014 10:11am May 29, 2014 10:11am
Quoting Kismet180
{quote} Welcome back Temujin!
Thanks my friend! Playing a little catch up. Read that the BOJ is now looking to exit stimulus? Sold at 170.19 for a lucky first trade back.
Be humble or be humbled.
  • #13,746
  • May 29, 2014 10:35am May 29, 2014 10:35am
I'm buying here at 169.70 shooting for the 171.9
I make it rain from the center of my Keytar
  • #13,747
  • May 29, 2014 11:34am May 29, 2014 11:34am
Quoting Temujin
{quote} Thanks my friend! Playing a little catch up. Read that the BOJ is now looking to exit stimulus? Sold at 170.19 for a lucky first trade back.
I did read that, and I think it plays in over the coming days but I was surprised the yen did not get alot stronger with the news. I do think we get a rise up before further fall, so I am long right now but plan to keep a close eye. The 4 hour pin really shows the market is confused on where to take it (same for UJ) but I think it will head towards 171 as a relief rally (as long as 10 year yields keep bouncing around and not dropping). Did you read that a Ukrainian General was in the helecopter that was shot down? I had thought that something like that would bring Ukraine back to the front but I guess I was wrong on that one... Needless to say, let us all go collect some nice fat pips!
  • #13,748
  • May 29, 2014 1:59pm May 29, 2014 1:59pm
anyone else like that daily pin bar forming???
I make it rain from the center of my Keytar
  • #13,749
  • May 29, 2014 3:50pm May 29, 2014 3:50pm
Quoting Piano Man
anyone else like that daily pin bar forming???
and the 10 year yield? similar candles. do you think we see 171.50. or am I just being crazy? I am long from 169.75, and do not mind letting it run for the afternoon.
  • #13,750
  • May 29, 2014 4:03pm May 29, 2014 4:03pm
Quoting Kismet180
{quote} and the 10 year yield? similar candles. do you think we see 171.50. or am I just being crazy? I am long from 169.75, and do not mind letting it run for the afternoon.
I'm a little scared of letting my trade run much longer since tomorrow is Friday and end of the month...
I make it rain from the center of my Keytar
  • #13,751
  • May 29, 2014 9:51pm May 29, 2014 9:51pm
caution,
the first target mentioned above has completed.
right now,i would not trade G/J until it break 169.50-170.20 range.
i never focus on the probability for up and down,
let the market tell us.

happy trading!
no other killers to me but emotion
  • #13,752
  • May 29, 2014 11:45pm May 29, 2014 11:45pm
No incentive for me to be long anymore. The speculation for a June boost in easing is gone. Here comes the yen.
Be humble or be humbled.
  • #13,753
  • May 30, 2014 7:17am May 30, 2014 7:17am
Daily consolidating/correcting and losing o/s strength BELOW the Ichimoku cloud for the first time in many weeks.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 59 KB


It may yet attempt a run higher towards the cloud at about 170.6/7 today or early next week.
  • #13,754
  • May 30, 2014 8:02am May 30, 2014 8:02am
Quoting Mpt
Daily consolidating/correcting and losing o/s strength BELOW the Ichimoku cloud for the first time in many weeks. {image} It may yet attempt a run higher towards the cloud at about 170.6/7 today or early next week.
Rates seem to be stabilizing with a decrease in all that volatility that was so profitable before. I like 167.50 as a price target but that may take weeks.
Be humble or be humbled.
  • #13,755
  • May 30, 2014 8:27am May 30, 2014 8:27am
This was what I've been looking for in GBPJPY for the past 2 weeks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY Support and Resistance.png Size: 31 KB
Click to Enlarge Name: GBPJPY 30 May 2014 Support and Resistance.png Size: 51 KB
A 1 pip gain is better than a 1 pip loss.
  • #13,756
  • May 30, 2014 1:44pm May 30, 2014 1:44pm
closed out my longs.
everyone have a great weekend!
I make it rain from the center of my Keytar
  • #13,757
  • Edited 9:15pm May 30, 2014 4:44pm | Edited 9:15pm
It was a good week. I began Forex in January and managed to finally triple my account balance this week. Patience is a cruel girlfriend, but I think we are finally seeing eye to eye. I definitely am looking forward to June. Everyone have a great weekend!
  • #13,758
  • May 31, 2014 4:13am May 31, 2014 4:13am
Quoting Kismet180
It was a good week. I began Forex in January and managed to finally triple my account balance this week. Patience is a cruel girlfriend, but I think we are finally seeing eye to eye. I definitely am looking forward to June. Everyone have a great weekend!
Well done mate, keep pushing higher. Patience is the key and think you have got it, just make sure you keep the respect for market. Good luck and have a great weekend.
  • #13,759
  • Jun 1, 2014 1:50am Jun 1, 2014 1:50am
Hi everyone, I'm new into this field.
Just wanted to share and do tell me if I'm wrong.
Retracing back to 171.10 and a further down is possible.
Else, hitting 200 EMA (Blue line) will decide whether it will go further to North or South.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 57 KB
  • #13,760
  • Jun 1, 2014 9:55am Jun 1, 2014 9:55am
Quoting Kismet180
It was a good week. I began Forex in January and managed to finally triple my account balance this week. Patience is a cruel girlfriend, but I think we are finally seeing eye to eye. I definitely am looking forward to June. Everyone have a great weekend!
Awesome Kismeti! Keep it up.
Be humble or be humbled.
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