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Geppy's Geppy Thread (GBP/JPY)

  • #14,021
  • Jun 27, 2014 1:54am Jun 27, 2014 1:54am
Quoting Temujin
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...


Yeah, well, as was so wisely stated by fx3422271, ours is but a profession of speculation ; most inspired comment I've heard in ages

BTW, good to see the triangle breakout on UJ is going extraordinarily well. Or maybe I shouldn't mention that??

There is a possible 4th option, taking more than a week, but we'll see if 172.5 breaks first. Gotta keep it to three lines.
  • #14,022
  • Jun 27, 2014 2:10am Jun 27, 2014 2:10am
102 pips and going, 3 lines lol. Who dat,who dat? Option 4, hmmm.
Be humble or be humbled.
  • #14,023
  • Jun 27, 2014 2:20am Jun 27, 2014 2:20am
tf...h1

Bullish pattern formed near the fibo 78,6 + stoch...

long at 172,66

looking for 173+

Venceremos
The good thing with the future is that it is progressively approaching...
  • #14,024
  • Edited 3:49am Jun 27, 2014 3:24am | Edited 3:49am
Quoting Temujin
102 pips and going, 3 lines lol. Who dat,who dat? Option 4, hmmm.

WTF, wassup? Good hold at 172.5. Maybe
  • #14,025
  • Jun 27, 2014 4:29am Jun 27, 2014 4:29am
Just open a short at 172.80 and looking for 172.50 for the third time, hope she can break to next level at 172.2/3
Learning and Learing
  • #14,026
  • Jun 27, 2014 5:08am Jun 27, 2014 5:08am
Option 2 for long term, she's going to become bullish. As Mpt said: profession of speculation. Let's see what happens in week or two!
  • #14,027
  • Jun 27, 2014 5:22am Jun 27, 2014 5:22am
Quoting Ata-Turkoglu
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 {image}
Update on GJ (4 Hour)

Niagara falls are coming and... I prefer short trades as long as price stays under orange trendline..

Happy Trades
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-006.jpg Size: 332 KB
Focus only on what truly matters!
  • #14,028
  • Jun 27, 2014 5:34am Jun 27, 2014 5:34am
Quoting Ata-Turkoglu
{quote} Update on GJ (4 Hour) Niagara falls are coming and... I prefer short trades as long as price stays under orange trendline.. Happy Trades {image}
Now I understand. Your feed doesn't show another drop to 171.035, which was the bottom of the large move up. Factoring that in, we are above your TL. You're basically missing about 50 pips of data

wrote that wrong - we sit exactly on the TL
  • #14,029
  • Jun 27, 2014 5:41am Jun 27, 2014 5:41am
Quoting Mpt
{quote} Now I understand. Your feed doesn't show another drop to 171.035, which was the bottom of the large move up. Factoring that in, we are above your TL. You're basically missing about 50 pips of data
I guess you meant 172.035.. but anyway.. I didn't see any of that kind of drop even on other threads.. what broker you are using mate?

Happy Trades
Focus only on what truly matters!
  • #14,030
  • Jun 27, 2014 6:04am Jun 27, 2014 6:04am
Quoting Ata-Turkoglu
{quote} I guess you meant 172.035.. but anyway.. I didn't see any of that kind of drop even on other threads.. what broker you are using mate? Happy Trades
Pepperstone. It was fairly quick, but was down for maybe an hour below your feed.



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  • #14,031
  • Jun 27, 2014 6:23am Jun 27, 2014 6:23am
Quoting Mpt
{quote} Pepperstone. It was fairly quick, but was down for maybe an hour below your feed. {image}
Oh wait wait wait... now I see what you are talking about.. there is no stop loss hunting or whatever.. my chart uses a different candle indicator: The Heiken Ashi Smoothed.. here it draws the candles in its own way.. sorry mate should have told that before.. its more about the wave patterns to get an idea of the trend not the specific bottom or tops as you see them on your normal candle charts.. so I hope I could explain myself..

Happy Trades
Focus only on what truly matters!
  • #14,032
  • Jun 27, 2014 6:36am Jun 27, 2014 6:36am
Quoting Ata-Turkoglu
{quote} Well first thing I noticed about Pepperstone is that they are not FCA regulated.. Personally I trust FCA regulated brokers more.. I don't know anything about ASIC.. and the peak you mentioned is still interesting though.. maybe it was just a stop loss hunting of your broker.. but anyway thanks for your warning.. Happy Trades

Asic is the nominal regulator, as per SEC in the USA. They're a waste of space, but pepperstone's feed is pretty good.

Anyway, best wishes.
  • #14,033
  • Jun 27, 2014 9:26am Jun 27, 2014 9:26am
How do you like those head and shoulder patterns? Can see now that the time dif does not matter, only the candles are a little different.
  • #14,034
  • Edited 3:19am Jun 30, 2014 2:05am | Edited 3:19am
Long at 172.5 for 173.8. Lets see if I make a fool of myself. Will dump it if it drops out of 172.1/2
  • #14,035
  • Jun 30, 2014 2:14am Jun 30, 2014 2:14am
You may be right. Eur/Jpy moving up, even after not so good German data.
  • #14,036
  • Jun 30, 2014 11:00am Jun 30, 2014 11:00am
Sold the euro at 1.3644, yikes.
Be humble or be humbled.
  • #14,037
  • Jun 30, 2014 11:08am Jun 30, 2014 11:08am
176.146 HERE WE COME.
  • #14,038
  • Jun 30, 2014 12:33pm Jun 30, 2014 12:33pm
Quoting Fx3422271
176.146 HERE WE COME.
why 176.1412348451141651684684845 ?
  • #14,039
  • Edited 2:17pm Jun 30, 2014 12:48pm | Edited 2:17pm
Quoting randomn00b
{quote} why 176.1412348451141651684684845 ?
It is what it is.
  • #14,040
  • Jun 30, 2014 12:57pm Jun 30, 2014 12:57pm
Quoting Fx3422271
{quote} It is what it is.
meh
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