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Geppy's Geppy Thread (GBP/JPY)

  • #13,881
  • Jun 17, 2014 6:26am Jun 17, 2014 6:26am
we will see a Major dump today
  • #13,882
  • Jun 17, 2014 7:07am Jun 17, 2014 7:07am
Quoting tomplank
we will see a Major dump today
Any reasoning at all behind that statement, or is it just one of those crystal ball predictions that, if doesn't come to fruition, we don't hear from you ever again?

Just curious.
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  • #13,883
  • Jun 17, 2014 8:48am Jun 17, 2014 8:48am
I don't have a crystal ball, but my chart shows Not today. The 4h is very sideways, with more of a break north. Correct me if I'm wrong.
  • #13,884
  • Jun 17, 2014 9:35am Jun 17, 2014 9:35am
Quoting LouiseZA
I don't have a crystal ball, but my chart shows Not today. The 4h is very sideways, with more of a break north. Correct me if I'm wrong.
I have no clue if you're right or wrong as I don't have a crystal ball. Just looking for you to add some substantial reasoning to your claims, that's all.
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  • #13,885
  • Jun 17, 2014 9:50am Jun 17, 2014 9:50am
on my Chart , She is nearly close to my Resistance that i drew at 173.45 , and the next will be 173.70 , and 174.40 ,
Wish she wont; go futher than my first line 173.45 , Cause i am still looking for a Short ....^_^
Learning and Learing
  • #13,886
  • Jun 17, 2014 10:10am Jun 17, 2014 10:10am
Pladee, I'm with you, waiting to close my short. Started to show south on 4h, but have little hope. To night is the trade balance data, wait and see!
  • #13,887
  • Jun 17, 2014 11:58am Jun 17, 2014 11:58am
Quoting LouiseZA
Pladee, I'm with you, waiting to close my short. Started to show south on 4h, but have little hope. To night is the trade balance data, wait and see!
Shorts do actually make sense here.

Obviously, we're at some pretty nasty resistance in this 173.50ish zone and have been since early January!!! Wow, typing it out like that makes me realize how range-bound we've been. BLAH!!

So shorts here with a stop above 173.50 (maybe 173.75) seem like a solid risk/reward here. That being said, the overall daily lows have been getting higher and higher since January. We're currently getting pretty darn close to the decision point. So while the risk/reward may be appetizing from a support/resistance perspective, it's not as appetizing from a timing one. In other words, a target for shorts might be in the mid 171s or low 172s now whereas we could have targeted the low 170s the last time price was at this resistance. Price is being slowly squeezed and decision time is coming... eventually.

So the question is which way will it go? My bias is up, but you never know. I've put on some small shorts, but I'm keeping to SL tight and looking to perhaps go long if I see this baby drop 100-200 pips.
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  • #13,888
  • Jun 17, 2014 7:02pm Jun 17, 2014 7:02pm
I am agree with U, Geppy. her low is getting higher , and simce she moving roughly 100-200pip on both side ,so the Short target should be roughly low 172 or mid 171. I guess these target are enough for get a good profit. I am not expect to see 169-170 anymore.

My Rsi,stochastic are showing high and there should be a turn very soon. The new today maybe the key??
Learning and Learing
  • #13,889
  • Jun 17, 2014 7:40pm Jun 17, 2014 7:40pm
I don't know what any of you are talking about. It looks bullish on just about every significant time frame I can see. Moreover, I don't even understand how itemizing any one particular speculative observation supports anything.

Finally, 173.50 isn't even any type of significant support and/or resistance. Perhaps, 175 but 173.50? Not quite.

Are we supposed to derive some kind of respect from our little keyboard warrior peers by quoting some kind of irrelevant number?

This thing is bullish and if I have to break down every single bullish chart pattern on every single significant time frame and then explain to everyone how Parabolic SAR works and when you should buy and where to put your stop loss and your price targets I might as well start up an alert service and charge a monthly fee.
  • #13,890
  • Jun 17, 2014 8:36pm Jun 17, 2014 8:36pm
Dear Fx3422271

That will be helpful ,if you perhaps explain some more detail?
I am really eager to learn more since I am totally a newbie and ofcourse any information will be a greatful.
Learning and Learing
  • #13,891
  • Jun 17, 2014 9:06pm Jun 17, 2014 9:06pm
Quoting Fx3422271
I don't know what any of you are talking about. It looks bullish on just about every significant time frame I can see. Moreover, I don't even understand how itemizing any one particular speculative observation supports anything. Finally, 173.50 isn't even any type of significant support and/or resistance. Perhaps, 175 but 173.50? Not quite. Are we supposed to derive some kind of respect from our little keyboard warrior peers by quoting some kind of irrelevant number? This thing is bullish and if I have to break down every single bullish chart pattern...
No significance hmmm? I count 3 rejections from the 173.50 area... I guess that's not at all significant.

https://www.tradingview.com/x/xJiKYasC
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  • #13,892
  • Jun 17, 2014 10:48pm Jun 17, 2014 10:48pm
Short triggered.. sl = 173.750..
  • #13,893
  • Jun 18, 2014 1:04am Jun 18, 2014 1:04am
OK, any break of the the 173.65 resistance takes it to about 173.85. That may do, but any break over about 173.90 suggests it has broken up.
  • #13,894
  • Jun 18, 2014 3:26am Jun 18, 2014 3:26am
Well, the BoE helped our shorts for now!
  • #13,895
  • Jun 18, 2014 3:46am Jun 18, 2014 3:46am
Quoting Fx3422271
I don't know what any of you are talking about. It looks bullish on just about every significant time frame I can see. Moreover, I don't even understand how itemizing any one particular speculative observation supports anything. Finally, 173.50 isn't even any type of significant support and/or resistance. Perhaps, 175 but 173.50? Not quite. Are we supposed to derive some kind of respect from our little keyboard warrior peers by quoting some kind of irrelevant number? This thing is bullish and if I have to break down every single bullish chart...
Why don't you start with simply posting a chart and your views? Your constant spamming around the forum invisible telling everyone how dumb they are does nobody any good really. Come on brother, let's see what you got.
Ghost Rider - WWTBMD?
  • #13,896
  • Jun 18, 2014 3:51am Jun 18, 2014 3:51am
Long now @ 173.074, before the news hit ....

Attached Image
I see it all in between ...
  • #13,897
  • Jun 18, 2014 5:10am Jun 18, 2014 5:10am
Quoting Mpt
OK, any break of the the 173.65 resistance takes it to about 173.85. That may do, but any break over about 173.90 suggests it has broken up.
She is now going south for some pips, If she can go through 172.80 , then she may come down to test around 172.05 , which I will set my TP above that.

It is just my opinion from Newbies...^_^
Learning and Learing
  • #13,898
  • Jun 18, 2014 5:18am Jun 18, 2014 5:18am
Quoting Thx
Long now @ 173.074, before the news hit .... {image}
Out for +15, i'm a bit worry because there's no immediate momentum after the news hit ...
I see it all in between ...
  • #13,899
  • Jun 18, 2014 5:21am Jun 18, 2014 5:21am
Quoting pladee
{quote} She is now going south for some pips, If she can go through 172.80 , then she may come down to test around 172.05 , which I will set my TP above that. It is just my opinion from Newbies...^_^
Hello pladee, I can see you are a new trader and having a rough time with it. This is nothing unusual. However if I may suggest something. This pair GBP/JPY is arguably the hardest of all the currencies there is to trade. It can, and does, hurt even experienced traders.

There is a reason we call her the BEAST and/or DRAGON. She will beat you up, cook you and eat you in no time flat. I suggest you start out with some of the more tame pairs like EU or GU etc.. etc... until you get some screen time in. 1000's of hours of screen time.

This baby is not to be toyed with by new traders. Just my humble opinion.

With today being FOMC, it's not really a good day to trade at all anyway.
Attached Image
Ghost Rider - WWTBMD?
  • #13,900
  • Jun 18, 2014 5:22am Jun 18, 2014 5:22am
Has anyone else noticed that the last 2 data releases from UK have caused brief drops in GJ but EJ has rallied from the data? I wonder what has changed, since it used to be that when data affecting GJ was released it had a similar reaction in EJ (ie. if data caused GJ to drop then EJ would also drop, and vice versa).
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