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Geppy's Geppy Thread (GBP/JPY)

  • #14,161
  • Jul 15, 2014 12:08pm Jul 15, 2014 12:08pm
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  • #14,162
  • Jul 15, 2014 12:54pm Jul 15, 2014 12:54pm
Who was teaching you to draw channels? DD dont be surprised if this weak you will see a new low
  • #14,163
  • Jul 15, 2014 1:03pm Jul 15, 2014 1:03pm
now it rebounds on lower timefrime to the upper side..

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Online Prop Firms are not the solution
  • #14,164
  • Jul 15, 2014 1:05pm Jul 15, 2014 1:05pm
Quoting op3lis
Who was teaching you to draw channels? DD dont be surprised if this weak you will see a new low
I am not perfect but I try..
  • #14,165
  • Jul 15, 2014 2:24pm Jul 15, 2014 2:24pm
Hey traders. Haven't been here for a while. Hope you're doing well with full pockets of green. Poped in to share some numbers from my machine. Placed a pending GBP/JPY sell @ 174,800 with a slightly wider than usual SL @ 175,450. Will update.

Good luck everyone!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #14,166
  • Jul 15, 2014 9:01pm Jul 15, 2014 9:01pm
Time to short the dirty dragon. 174.32. Account 122% in 4 weeks, trade #5.
Be humble or be humbled.
  • #14,167
  • Jul 15, 2014 10:33pm Jul 15, 2014 10:33pm
Nice CD leg is forming on this pair. i am tempting to short with SL 174.83 which is 78 fib of AB and target is fitting exactly at Trendline. What do you guys say?
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  • #14,168
  • Jul 15, 2014 10:41pm Jul 15, 2014 10:41pm
Today got news...
row row row your boat
  • #14,169
  • Edited 1:10am Jul 16, 2014 12:59am | Edited 1:10am
Unless it drops out of 174. it remains bullish to possibly the double top. But it has to break the resistance at 174.6
  • #14,170
  • Jul 16, 2014 1:22am Jul 16, 2014 1:22am
Other than that, frankly, it's hard to read. Because even 174.4 could hold it.
  • #14,171
  • Jul 16, 2014 1:37am Jul 16, 2014 1:37am
Bloody pathetic. 174.4 holds on one side and 174 the other.
  • #14,172
  • Jul 16, 2014 7:43am Jul 16, 2014 7:43am
Ya, its kind of stuck, i opened a long position this morning in 174,308 but it seems to be stuck, lets see what happens when the Japan opens up tomorrow. =0/
  • #14,173
  • Jul 16, 2014 8:47am Jul 16, 2014 8:47am
Quoting ssaqeel
Nice CD leg is forming on this pair. i am tempting to short with SL 174.83 which is 78 fib of AB and target is fitting exactly at Trendline. What do you guys say? {image}
I'm with you man..I didnt saw that ABC on my charts but i see a down for a retest to 173.00..Dont ask me why
  • #14,174
  • Jul 16, 2014 9:13am Jul 16, 2014 9:13am
Longer Term Investment
GBPJPY, Monthly, 2014 July 16
I've taken some shorts ~174.30 today at M15.
Be aware that the monthly candle from 2008.10.01 won't be running down by the market.
FXcube
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  • #14,175
  • Jul 16, 2014 11:04pm Jul 16, 2014 11:04pm
Short trade taken on break of yesterday's low 173.99 with stop loss 174.50

Quoting ssaqeel
Nice CD leg is forming on this pair. i am tempting to short with SL 174.83 which is 78 fib of AB and target is fitting exactly at Trendline. What do you guys say? {image}
  • #14,176
  • Jul 16, 2014 11:23pm Jul 16, 2014 11:23pm
Quoting Gotland
Ya, its kind of stuck, i opened a long position this morning in 174,308 but it seems to be stuck, lets see what happens when the Japan opens up tomorrow. =0/
Was stopped out on 174,003. Lesson learned, to tight stoploss.
  • #14,177
  • Jul 16, 2014 11:32pm Jul 16, 2014 11:32pm
173,20 is my first TP.
  • #14,178
  • Jul 16, 2014 11:40pm Jul 16, 2014 11:40pm
Since this pair is in bull trend and this is the retracement we are trying to catch. i hope we will not get stopped out. Good Luck Bogi

Quoting BogiFX
173,20 is my first TP.
  • #14,179
  • Edited 11:50pm Jul 16, 2014 11:46pm | Edited 11:50pm
Quoting Forexcube
Longer Term Investment GBPJPY, Monthly, 2014 July 16 I've taken some shorts ~174.30 today at M15. Be aware that the monthly candle from 2008.10.01 won't be running down by the market. FXcube {image}
I noticed that the Ichimoku chart has an enormous cloud on the monthly below where we are shorting from so I am cautious. When GBP JPY gets in this mood, it tends to continue, in this case down. We are creeping toward August which is the largest down month of the year seasonally for this pair. I will probably have to give up my longs at 173.00, which I worked very hard to get, staying up nearly all night (normally I cannot access the market at either London or New York but I am on vacation for a few more seeks). I don't know what the rate atmosphere was like for the pound in fall 2008.
  • #14,180
  • Jul 16, 2014 11:50pm Jul 16, 2014 11:50pm
Quoting ssaqeel
Since this pair is in bull trend and this is the retracement we are trying to catch. i hope we will not get stopped out. Good Luck Bogi {quote}
I have one short from 174,18 at BE and more in red.I hope exaclly the same .
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