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Geppy's Geppy Thread (GBP/JPY)

  • #14,561
  • Sep 17, 2014 3:00pm Sep 17, 2014 3:00pm
Quoting IveGotQuads
{quote} That was a nice game plan keeping your longs till today... nice foresight. I do think your plan worked based on fundamentals much more than technical as from experience...even with good news at that extreme point this morning, sellers would always rush there including the big ones. There was a trader who kept trades like that - FX-Ray. He always used to make at least 500 pips or in that range... even leveraging more positions by pyramiding the gbp/Jpy and made it look easy. Wish he would come back to the thread. Nice trade again buddy ...
I wish the same, hope FX-Ray is reading this and decides to come back! GL for tomorrow!
  • #14,562
  • Sep 17, 2014 3:58pm Sep 17, 2014 3:58pm
Quoting freundr
GBPJPY at a 6 year high on the eve of the vote for Scottish independence. Speculation or is the outcome a given?
Good question. My theory is, market moves up really high, scots vote yes, pair plummets. Or alternately, scots vote no, pair still comes down some, but at a much slower rate. This kind of movement, I haven't seen it in a long time. I don't think a no vote would actually strengthen the pairing (and if you look at the G/U, you'll see this G/J's movements are not in line with that one anymore)

I've been waiting to put in a short and make some good money, but haven't seen the opportunity yet. Thought it was there at 176.180, it wasn't.

Already up about 120 pips on my longs, since I've just left them with an open TP, and going to continue with an open TP, just monitor them fairly closely.

If this pair keeps going bull if after the vote, then I have no effing clue and the markets win this round.
  • #14,563
  • Sep 17, 2014 4:28pm Sep 17, 2014 4:28pm
Quoting mrhb30jr
{quote} hi all, I Keeps my long GBPUSD TP 1.65xx and GBPJY - TP 176,xx, SL BE cheers {image}
hi all,

GU close, hold GJ long 2nd target 183,xx....

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 30 KB
  • #14,564
  • Sep 17, 2014 5:46pm Sep 17, 2014 5:46pm
Quoting mrhb30jr
{quote} hi all, GU close, hold GJ long 2nd target 183,xx.... cheers {image}
If anyone's looking for a long this area it's in right now is a decent spot. Not sure if it will drop down to 176.100, but it's still showing a lot of upside by staying in the trend.
  • #14,565
  • Edited 8:27pm Sep 17, 2014 8:11pm | Edited 8:27pm
Yes, it went more than that 330 pips trending.....It's at 370 pips or so.....

For the Elliott Wave Analysis one's.....we could see a fall back to the wave 4 "D" leg. 175.53 or so.....

Jump the us yen and that eur/aud, too! men.....did you know they all belong in this thread, they are "CARRY" instruments. ( which is GBP/JPY's claim to fame )


ETAdd....that dealer chart shows no reason for the price to fall.....
  • #14,566
  • Edited 9:03pm Sep 17, 2014 8:49pm | Edited 9:03pm
Quoting Gbp/jpy
Yes, it went more than that 330 pips trending.....It's at 370 pips or so..... For the Elliott Wave Analysis one's.....we could see a fall back to the wave 4 "D" leg. 175.53 or so..... Jump the us yen and that eur/aud, too! men.....did you know they all belong in this thread, they are "CARRY" instruments. ( which is GBP/JPY's claim to fame ) ETAdd....that dealer chart shows no reason for the price to fall.....
That's what I'm waiting to see. It's sitting on the support I'm seeing at 176.620. If it doesn't jump back into the trend, it's either signalling a break and going to start moving bearish, or the trend is shifting and still going bullish, just not as sharply. Think I'll sit out for a little bit until it shows a clear direction. Maybe wait for London to open and see what they do with this. Happy trading!

edit: It seems to be staying in that trend. Going to do what I've been doing all day, open a bunch of small positions incrementally, and close if it hits somewhere around 30 pips.
  • #14,567
  • Sep 17, 2014 9:16pm Sep 17, 2014 9:16pm
Quoting 4xNewGuy
{quote} That's what I'm waiting to see. It's sitting on the support I'm seeing at 176.620. If it doesn't jump back into the trend, it's either signalling a break and going to start moving bearish, or the trend is shifting and still going bullish, just not as sharply. Think I'll sit out for a little bit until it shows a clear direction. Maybe wait for London to open and see what they do with this. Happy trading! edit: It seems to be staying in that trend. Going to do what I've been doing all day, open a bunch of small positions incrementally, and...
yessirr....these two weekdays are the big ones for GBP/JPY....
  • #14,568
  • Sep 18, 2014 12:00am Sep 18, 2014 12:00am
Wow, some nice movement out of japan for once. 60 pip spike, followed by a slower 60 pip drop. C'mon London! Make some magic happen here.
  • #14,569
  • Sep 18, 2014 3:09am Sep 18, 2014 3:09am
Doesn't look like much is happening due to the scottish vote. A good time to scalp though. Been scraping some small change with that.
  • #14,570
  • Sep 18, 2014 5:21am Sep 18, 2014 5:21am
Quoting mrhb30jr
{quote} hi all, GU close, hold GJ long 2nd target 183,xx.... cheers {image}
hi all,

my 2nd target 183,xx

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4a.png Size: 24 KB


cheers
  • #14,571
  • Sep 18, 2014 6:08am Sep 18, 2014 6:08am
Quoting Mpt
{quote} Overbought? ...
At this point 178.3 is (for the intraday) very overbought. Possible good entry for short.
  • #14,572
  • Sep 18, 2014 6:26am Sep 18, 2014 6:26am
Quoting IndigoPingvi
{quote} At this point 178.3 is (for the intraday) very overbought. Possible good entry for short.
I am not very convinced with short-entry right now, just my personal view, still see some upside and might see a break above 180 or above. Ideally would like to see it above 179 by the end of today!
  • #14,573
  • Sep 18, 2014 7:08am Sep 18, 2014 7:08am
Quoting IndigoPingvi
{quote} At this point 178.3 is (for the intraday) very overbought. Possible good entry for short.
173.00 on Sept 16 and now 178.20 at this time. 500+ point move in 2 days ? Definitely overbought but are we headed for a pullback or retracement ? USDJPY is still going strong on 6 year highs so which tail is wagging the dog ?
  • #14,574
  • Sep 18, 2014 8:26am Sep 18, 2014 8:26am
Quoting freundr
{quote} 173.00 on Sept 16 and now 178.20 at this time. 500+ point move in 2 days ? Definitely overbought but are we headed for a pullback or retracement ? USDJPY is still going strong on 6 year highs so which tail is wagging the dog ?
pull back... wrong bet unless you want to scalp 20-25 pips. All the dips were bought 180 is next level in next 24 hours
  • #14,575
  • Sep 18, 2014 9:29am Sep 18, 2014 9:29am
and then at the height of my arrogance after a 100 pip gain on the sell side the pair began to skyrocket to new highs that I never could have anticipated, LOL!!
Be humble or be humbled.
  • #14,576
  • Sep 18, 2014 4:23pm Sep 18, 2014 4:23pm
This 500 pips in 2 days has the power to destroy traders !!! distorts reality.... glad the weekend is here. Give us time to ponder why we doing this.
  • #14,577
  • Sep 18, 2014 4:42pm Sep 18, 2014 4:42pm
quadruple witch day.....words might not explain what will happen
  • #14,578
  • Sep 18, 2014 4:49pm Sep 18, 2014 4:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: gj4.gif Size: 126 KB
  • #14,579
  • Sep 18, 2014 6:04pm Sep 18, 2014 6:04pm
All my momentum indicators say this is totally overbought and a definite sell. Wow this looks like the perfect trade!!!
Enter Signature
  • #14,580
  • Sep 18, 2014 6:05pm Sep 18, 2014 6:05pm
Make that 600 points in 2 days....100 in the last 30 minutes. Wonder where the institutional money in going..
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