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Geppy's Geppy Thread (GBP/JPY)

  • #14,001
  • Jun 26, 2014 3:16am Jun 26, 2014 3:16am
Very nice comment everyone. ^_^
Learning and Learing
  • #14,002
  • Jun 26, 2014 4:22am Jun 26, 2014 4:22am
Well, was stopped out, and it move south again, but did't want to risk more pips and was not able to watch. Now I'll just sit and wait to see were she wants to go!
  • #14,003
  • Jun 26, 2014 4:57am Jun 26, 2014 4:57am
Quoting Geppy
{quote} Hey alb (and all)... I'm still around, it's just that price action has been so lacking lately there's little reason for me to be in front of charts. I wish it were the other way around. Hopefully we break out of this range soonish.
Nice to see you back and about again dude
To live a successful life, we must lose our fear of being wrong
  • #14,004
  • Jun 26, 2014 5:00am Jun 26, 2014 5:00am
Quoting IveGotQuads
{quote} Next decision point would be 173.20/30, with about 75% of retail traders selling... it just looks even more plausible for smart money to take advantage of all the stops above this range.
Once all the weak shorts are taken out due to fear and start buying to close their positions....smart money will sell into this buying frenzy. Probably 173.30/50 should be a sweet spot to look for shorting opportunities. Of course you should get confirmation so we try not to start calling tops.
  • #14,005
  • Jun 26, 2014 5:15am Jun 26, 2014 5:15am
Starting to sound like the cable thread around here. Next it'll be brokers chasing stops!



Neither Cable nor UJ (or GJ ) has yet broken up..
  • #14,006
  • Jun 26, 2014 5:19am Jun 26, 2014 5:19am
Quoting aktrader
On other hand if this 172.75 does hold, a 61.8% retracement would take us back up to 173.58-60 where there is significant structure. Thats 70 pips from where we stand at this moment with a risk of say 20 pips. Who knows if it will go to the 61.8 but again there is significant structure there
I hope people got In on a little of this
  • #14,007
  • Jun 26, 2014 5:25am Jun 26, 2014 5:25am
Quoting Mpt
Starting to sound like the cable thread around here. Next it'll be brokers chasing stops! Neither Cable nor UJ (or GJ ) has yet broken up..
Hey MPT long time , you didn't take a break yet ? I took a much needed 3 month break. Anyway calm your touchy feelings, Nobody said anything about brokers chasing stops... whether you want to believe it or not stops are targeted by smart money traders and bankers with access to information retail doesn't have but i'm sure you already knew that. He who doesn't adapt now will fall by the wayside, hope this isn't you. Cheers
  • #14,008
  • Jun 26, 2014 5:27am Jun 26, 2014 5:27am
Quoting IveGotQuads
{quote} Hey MPT long time , you didn't take a break yet ? I took a much needed 3 month break. Anyway calm your touchy feelings, Nobody said anything about brokers chasing stops... whether you want to believe it or not stops are targeted by smart money traders and bankers with access to information retail doesn't have but i'm sure you already knew that. He who doesn't adapt now will fall by the wayside, hope this isn't you. Cheers
"Smart money" ??

And, no, they really aren't.

GJ REALLY hasn't broken up yet. When it happens, I'm sure you'll know. Until then, honestly, 30 or 40 pips pips is still but noise. When it cracks over .35/.4 and then .67, it's up.

Any other comments re MM or brokers or aliens or whatever is simply a lack of knowledge as to the parameters.

UJ is still under its triangle breakout. GU remains in a modest reversal pattern. So far.
  • #14,009
  • Jun 26, 2014 5:35am Jun 26, 2014 5:35am
Quoting Mpt
{quote} "Smart money" ?? And, no, they really aren't.
Men MPT go sit down somewhere, nobody has your time this early morning. If you disagree with someones comments that's fine and actually welcomed, but don't throw sly comments like you salty. I have no problem calling a fool out
  • #14,010
  • Jun 26, 2014 5:53am Jun 26, 2014 5:53am
MPT, first of all If you typing more than 3 lines you doing too much. I doubt anybody reads past 2 lines this days... anyway I dont use or care for your famous triangle breakouts neither do I believe in your standard methods as any institution with enough assets can manipulate those. The point is express your opinions and respect others that don't see things the way you see things. If you old and stuck in your ways that's fine, i'm done with the back and forth. out for the day
  • #14,011
  • Jun 26, 2014 9:30am Jun 26, 2014 9:30am
The 172.75 was broken. hope the head and shoulder on daily will complete.
  • #14,012
  • Jun 26, 2014 9:40am Jun 26, 2014 9:40am
Quoting IveGotQuads
MPT, first of all If you typing more than 3 lines you doing too much. I doubt anybody reads past 2 lines this days... anyway I dont use or care for your famous triangle breakouts neither do I believe in your standard methods as any institution with enough assets can manipulate those. The point is express your opinions and respect others that don't see things the way you see things. If you old and stuck in your ways that's fine, i'm done with the back and forth. out for the day
Who dat, who dat? Do dat do dat....----Iggy Azalea. Do you just try to put grammatical errors in your posts purposefully because you want it to sound kind of street?
Be humble or be humbled.
  • #14,013
  • Jun 26, 2014 9:42am Jun 26, 2014 9:42am
Quoting LouiseZA
The 172.75 was broken. hope the head and shoulder on daily will complete.
It will. The DOW is cracking now.
Be humble or be humbled.
  • #14,014
  • Jun 26, 2014 12:19pm Jun 26, 2014 12:19pm
Hello Guys,

My trade are all close..since it reach 172.80 and start short again after the news...^_^ , Take 25-30 Pips and wait....

Anyway, I have a question that LouiseZa talking about Head&shoulder on D1

So I attach the photo , if I am right , then we are lookingto complete the head then ???
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 163 KB
Learning and Learing
  • #14,015
  • Jun 26, 2014 12:35pm Jun 26, 2014 12:35pm
Quoting EatPIPs
{quote} Nice to see you back and about again dude
Hey man! Good to be back, and good to see you too.
check out my blog: forexmademillionaire dot com
  • #14,016
  • Jun 26, 2014 1:03pm Jun 26, 2014 1:03pm
Pladee, the head is not finished yet. Their are many traders using the patterns of the candles for trading, I don't, but it's interesting how they form and sometimes work. Maybe somebody on the tread can give you more info. The time zone your platform is on, will make a deference. My time is GMT+3, but your chart looks similar. Congrats with your trade. It was a good day for the shorts!.
  • #14,017
  • Jun 26, 2014 5:45pm Jun 26, 2014 5:45pm
If price breaks that yellow trendline.. oh baby.. Niagara falls are knocking doors.. but.... nothing to fear yet.. right shoulder needs to build up a little more.. so watching close will be the wisest thing these days.. I am freezing my long term longs.. I would recommend only short term longs..

Happy Trades
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-005.jpg Size: 373 KB
Focus only on what truly matters!
  • #14,018
  • Jun 26, 2014 5:58pm Jun 26, 2014 5:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: fs.PNG Size: 28 KB
  • #14,019
  • Edited 9:40pm Jun 26, 2014 8:28pm | Edited 9:40pm
I'll keep this as brief as possible. Right now I see 3 different paths.

Option 1 is that price continues to slowly fall and takes out 172/172.3 then 172, being ultimately very bearish.

Option 2 is that Louise's H&S is real and price returns to 173.6/7 then drops out of the 173 then 172 area. Both of these support a large triangle that peaked at 174.1

Option 3 is that price returns to about 174.1, only falls back into 173 or so, then breaks up in the largest bullish event in over 6 months, meaning that the whole triangle completed at 169.5.
  • #14,020
  • Jun 26, 2014 11:03pm Jun 26, 2014 11:03pm
I'll take option #1 due to the correlations of the pair to the tops of the US and European equity markets. GBP/JPY has surged at a furious pace from the 160 level and now it's time to be realistic. The BOJ missed that much expected April and June increase in QE just as the stock market was topping out. Data in Japan is improving and we can see that the pair is going nowhere higher, not UJ, EJ or this one. Eventually 165.00 is in the cards for reasons on the pound side of it this pair too. UK data can't dazzle forever and even when it does now no big deal, it's already priced in.

This is it everyone, the top of the pair, no 178 and all that, it's done.
Be humble or be humbled.
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