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Geppy's Geppy Thread (GBP/JPY)

  • #13,921
  • Jun 18, 2014 11:14pm Jun 18, 2014 11:14pm
Quoting Mpt
{quote} By the ascending triangle in reversal mode, I assumed he was referring to a so-called rising wedge.
Ahh, gotcha... rising wedge would make sense.
check out my blog: forexmademillionaire dot com
  • #13,922
  • Jun 19, 2014 12:46am Jun 19, 2014 12:46am
Quoting Geppy
{quote} {quote} Funny, in my experience it's a bullish continuation pattern. Regardless, you made me at least google it: http://www.investopedia.com/articles.../03/091003.asp
Perhaps I understood it wrongly from babypips then. I'm glad you linked that article
A 1 pip gain is better than a 1 pip loss.
  • #13,923
  • Jun 19, 2014 12:48am Jun 19, 2014 12:48am
Triangle ,i am learning it today ^_^

thanks for the tips

But what is rising wedge?
Learning and Learing
  • #13,924
  • Jun 19, 2014 1:05am Jun 19, 2014 1:05am
Quoting pladee
Triangle ,i am learning it today ^_^ thanks for the tips But what is rising wedge?
http://thepatternsite.com/chartpatterns.html
  • #13,925
  • Jun 19, 2014 1:11am Jun 19, 2014 1:11am
Quoting Mpt
{quote} http://thepatternsite.com/chartpatterns.html
I never knew there were so many patterns. Sometimes I wonder if people still trade plain and simple anymore. Good link though
A 1 pip gain is better than a 1 pip loss.
  • #13,926
  • Jun 19, 2014 1:14am Jun 19, 2014 1:14am
This pair really looks like it could burst at the seams to the upside. I have buy order at 173.08 and 102.6 if I get lucky enough
  • #13,927
  • Jun 19, 2014 1:20am Jun 19, 2014 1:20am
Quoting aeternum
{quote} I never knew there were so many patterns. Sometimes I wonder if people still trade plain and simple anymore. Good link though
Many of them are a waste of time, but there are a few that you be able to recognise. The main ones being wedges, triangles, the much quoted but rare head and shoulder and reversals.

Maybe someone else can suggest a couple of others.

But never put your faith in any of them - all they're telling you is what 'might be' rather than what 'will be'.
  • #13,928
  • Jun 19, 2014 1:26am Jun 19, 2014 1:26am
Quoting Mpt
{quote} Many of them are a waste of time, but there are a few that you be able to recognise. The main ones being wedges, triangles, the much quoted but rare head and shoulder and reversals. Maybe someone else can suggest a couple of others. But never put your faith in any of them - all they're telling you is what 'might be' rather than what 'will be'.
Yes I never do. I believe yen pairs are due for a long awaited retracement
A 1 pip gain is better than a 1 pip loss.
  • #13,929
  • Jun 19, 2014 4:56am Jun 19, 2014 4:56am
Sell @ 173.261 ...

Attached Image
I see it all in between ...
  • #13,930
  • Jun 19, 2014 5:28am Jun 19, 2014 5:28am
Quoting Thx
Sell @ 173.261 ... {image}
Stopped out @ +3 ... , is this a sign that GJ will break north ???
I see it all in between ...
  • #13,931
  • Jun 19, 2014 6:36am Jun 19, 2014 6:36am
My GBP/USD sell at 1.6986 is under pressure as cable cuts through 1.70. About to give up all 88 pips I gained on EUR/AUD. Let's see if I learned anything trying to trade these stupid reversal speculation positions.
Be humble or be humbled.
  • #13,932
  • Jun 19, 2014 6:43am Jun 19, 2014 6:43am
Quoting Thx
{quote} Stopped out @ +3 ... , is this a sign that GJ will break north ???
can not exclude any possibility for a new high,
but i reluctant to buy this pair right now.
patient to see a much clearrer signal.
no other killers to me but emotion
  • #13,933
  • Jun 19, 2014 7:11am Jun 19, 2014 7:11am
Ummm, no I just cannot bring myself to be the banker's idiot. I can't close this trade or buy this pair. Forex takes balls of steel and it's my job to grab prices and then be immovable in my stance. Bring it you mutha*$@*!!!
Be humble or be humbled.
  • #13,934
  • Jun 19, 2014 7:26am Jun 19, 2014 7:26am
Hi everyone,

I followed this Thread for a while and I cant help myself to ask if anyone knows about the methodology used by FX-Ray. I studied all his post the last 2-3 weeks and I can imagine what he did but I cant comprehend how he did see all those things. The post Im most curious about is this one: http://www.forexfactory.com/showthre...16#post7269916

The first picture how he drawn it is amazing, I never seen something like this before, its still legal despite the elapsed time.
I got many more question but I dont want to overdo asking here.

Thanks!
  • #13,935
  • Jun 19, 2014 7:34am Jun 19, 2014 7:34am
There's a monthly R2 @ 173.062, maybe we can expect a bit resistance at that area ... probably ...

I see it all in between ...
  • #13,936
  • Jun 19, 2014 8:59am Jun 19, 2014 8:59am
Hi guys

maybe this is stupid question. Who lead the game??
Maybe lots of are waiting for the drop but ot doesn't, that mean there are a huge who keep these pair up.
So then there must be a big player behind the scene??

sorry, i just wondering about it ....^_^
Learning and Learing
  • #13,937
  • Jun 19, 2014 9:21am Jun 19, 2014 9:21am
Quoting Thx
There's a monthly R2 @ 173.062, maybe we can expect a bit resistance at that area ... probably ...
Open sell @ monthly R2 (173.062), Stop between 10-15 pip. wish me luck ...
I see it all in between ...
  • #13,938
  • Jun 19, 2014 9:42am Jun 19, 2014 9:42am
Quoting pladee
Hi guys maybe this is stupid question. Who lead the game?? Maybe lots of are waiting for the drop but ot doesn't, that mean there are a huge who keep these pair up. So then there must be a big player behind the scene?? sorry, i just wondering about it ....^_^
I definitely don't know the answer to that question, but maybe you can check this thread (if you haven't ... of course ) http://www.forexfactory.com/showthread.php?t=486128 about how the big guys operate their shop, mostly from the sell side/ market maker perspective, but still a great thread ...
I see it all in between ...
  • #13,939
  • Jun 19, 2014 9:50am Jun 19, 2014 9:50am
Quoting Thx
{quote} Open sell @ monthly R2 (173.062), Stop between 10-15 pip. wish me luck ...
manage to get out @ -8, ...
I see it all in between ...
  • #13,940
  • Jun 19, 2014 1:25pm Jun 19, 2014 1:25pm
GBPJPY H1 chart shows the corners BATMAN. So time to SELL?
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