Geppy's Geppy Thread (GBP/JPY) | Page 743 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Geppy - Pick the bottom 18 replies

Lets Talk GBP/JPY "the geppy" 156 replies

geppy is "ugly" when ? 14 replies

Geppy outlook 0 replies

Attachments: Geppy's Geppy Thread (GBP/JPY)
Exit Attachments

Geppy's Geppy Thread (GBP/JPY)

  • #14,841
  • Oct 19, 2014 10:13pm Oct 19, 2014 10:13pm
UJ up = buy GJ

at least for a nice scalp
Please check out my blog at https://from-zero-to-hero . net
  • #14,842
  • Oct 20, 2014 12:11am Oct 20, 2014 12:11am
Quoting smash1820
UJ up = buy GJ at least for a nice scalp
yes, the euro is at a top.....sending us jpy up....
  • #14,843
  • Edited 1:13am Oct 20, 2014 12:59am | Edited 1:13am
Quoting shivam332
Weekly closing below 171.00 and it will be down but I don't think we'll go down at this moment. If BOE increase the Interest Rate then it will be back above 176 levels. {image}
I know people want a rate hike, but Carney has said several times that he's holding off until the spring. He's waiting on some better numbers (mainly employee wages) before an increase in the interest rate. The vote will likely stay at 2-0-7.

A lot is also going to hinge on with what's going on in Japan. They've said the yen's been devaluing faster than they wanted, to they might even ease up with the "quantitive easing", which could pull the geppy back down a bit.

At any rate, it's in a nice little range right now. Plenty of pips to be made off some well placed day trades.
  • #14,844
  • Oct 20, 2014 2:03am Oct 20, 2014 2:03am
Quoting FX-Ray
Decision Points Calendar Week 43 GBP/JPY: (1) 185.00/84.80 (2) 183.40/20 (2) 180.20/00 (4) 178.60/40 (5) 176.40/20 (6) 173.40/20 (7) 168.20/00 (8) 166.80/60 Good Luck!
Levels noted, will try to work around them! Thank you!
  • #14,845
  • Oct 20, 2014 2:29am Oct 20, 2014 2:29am
Very interesting week... woke up saw price action and immediately went sell. No risk analysis, didn't follow my plan that I had created Sunday night, no journal entry, such a recipe for disaster, I immediately closed the position. These are the acts that make us lose "over trading/thinking you are a scalper and not cherry picking the best trades" Anyway, I had marked out the levels I wanted to see price make some moves on and go from there. Sorry to the bulls but I am a short term bear and I believe this week is for us. I really want price getting up to 172.75/ 80 and showing clear direction from there... I do not know how far down it might go as that is part of the equation we can only guess, at least my risk will be defined. GL to all
  • #14,846
  • Oct 20, 2014 2:34am Oct 20, 2014 2:34am
Quoting FX-Ray
Decision Points Calendar Week 43 GBP/JPY: (1) 185.00/84.80 (2) 183.40/20 (2) 180.20/00 (4) 178.60/40 (5) 176.40/20 (6) 173.40/20 (7) 168.20/00 (8) 166.80/60 Good Luck!
Welcome back again as usual some nice insights.... A little very further than my eyes can see nevertheless is a lighthouse in these treacherous waters. You are right this might retrace to the bulls entry levels so buyers need to start planning for that possibility.
  • #14,847
  • Edited 5:43am Oct 20, 2014 4:38am | Edited 5:43am
Quoting IveGotQuads
{quote} Welcome back again as usual some nice insights.... A little very further than my eyes can see nevertheless is a lighthouse in these treacherous waters. You are right this might retrace to the bulls entry levels so buyers need to start planning for that possibility.
I just watch 173.40/20 for now; it failed to test the current daily low by ~10pips, I see that as strenght. We prob get a retrace or reverse around 173.40/20 but in optimal conditions I´d like to see it becoming a T/B/T Level. So test from downside, break from downside, test from upside and the continuation until next decision point 176.40/20 . Trend looks healthy so far, depends on 173.00 though.

Add:
Scenario 2 (High Volatility):
It goes straight through 173.40/20 and unable to test that point again.

Inserted Video
  • #14,848
  • Oct 20, 2014 11:56am Oct 20, 2014 11:56am
Quoting FX-Ray
{quote} I just watch 173.40/20 for now; it failed to test the current daily low by ~10pips, I see that as strenght. We prob get a retrace or reverse around 173.40/20 but in optimal conditions I´d like to see it becoming a T/B/T Level. So test from downside, break from downside, test from upside and the continuation until next decision point 176.40/20 . Trend looks healthy so far, depends on 173.00 though. Add: Scenario 2 (High Volatility): It goes straight through 173.40/20 and unable to test that point again. http://www.youtube.com/watch?v=f2FjPxY8siA...
Strenght confirming, added all day, gonna bail below 172.20 and buy lower if it does print the lows. Remaining positions still intact. (http://www.forexfactory.com/showthre...08#post7803608)

Done for today. Laters.
Attached Image (click to enlarge)
Click to Enlarge Name: add.png Size: 60 KB
  • #14,849
  • Oct 21, 2014 5:00am Oct 21, 2014 5:00am
Good morning all, how is trading GJ going ?

@ FX-Ray, I am still holding on to GJ longs, still looks like will move up swiftly. Still waiting for 176.20/40 target for partials. But again watching closely how it goes, will keep posting!
  • #14,850
  • Oct 21, 2014 5:45am Oct 21, 2014 5:45am
Quoting workingforex
Good morning all, how is trading GJ going ? @ FX-Ray, I am still holding on to GJ longs, still looks like will move up swiftly. Still waiting for 176.20/40 target for partials. But again watching closely how it goes, will keep posting!
Whilst it may well make significant new highs, there remains the possibility that it already peaked - that will be know in a few short hours.

If it has finished, the bounces you're seeing will continue down in a channel, with the next bounce coming at about 171.5 etc etc until it falls back to base, then retests back to the 173x level. A new high is needed to debunk this idea.
  • #14,851
  • Oct 21, 2014 6:21am Oct 21, 2014 6:21am
Quoting Mpt
{quote} Whilst it may well make significant new highs, there remains the possibility that it already peaked - that will be know in a few short hours. If it has finished, the bounces you're seeing will continue down in a channel, with the next bounce coming at about 171.5 etc etc until it falls back to base, then retests back to the 173x level. A new high is needed to debunk this idea.
That all makes sense, that is why I would say good money management is needed all the time and pocketing in some money on regular intervals is of utmost importance.

PS Add: One should always keep a check on Greed and Fear factors of trading with good understanding of your and market's psychology, although I would admit easier said than done!
  • #14,852
  • Oct 21, 2014 6:38am Oct 21, 2014 6:38am
Quoting workingforex
Good morning all, how is trading GJ going ? @ FX-Ray, I am still holding on to GJ longs, still looks like will move up swiftly. Still waiting for 176.20/40 target for partials. But again watching closely how it goes, will keep posting!
Still waiting for 173.40/20; If it goes straight through I hold for 176.40/20. Dont wanna go short and fight the flow.
Added below 50ish, again.
  • #14,853
  • Oct 21, 2014 6:56am Oct 21, 2014 6:56am
Quoting FX-Ray
{quote} Still waiting for 173.40/20; If it goes straight through I hold for 176.40/20. Dont wanna go short and fight the flow. Added below 50ish, again.
Yes even I don't want to short GJ at the minute, I might add more on the dips rather than going against. Might miss on few pips and as they say 'there is money to be made on both sides of the trade' but its me personally!

PS Add: Stay calm and carry on!
  • #14,854
  • Oct 21, 2014 7:01am Oct 21, 2014 7:01am
If it gets back under 172.3 it sinks again
  • #14,855
  • Edited 4:14pm Oct 21, 2014 7:31am | Edited 4:14pm
Quoting Mpt
If it gets back under 172.3 it sinks again

Shall we make a little contest here to see how many people for BULL/BEAR ?

MPT - Are you on bear side ?

FX-Ray - Are you on the bull side ?

Workingforex - Is on the bull side.


PS Add: Its just for a healthy discussion, adjusting your position according to situation needed, also disclaimer added.
Attached Image
  • #14,856
  • Edited 6:10pm Oct 21, 2014 2:48pm | Edited 6:10pm
Quoting workingforex
{quote} Shall we make a little contest here to see how many people for BULL/BEAR ? MPT - Are you on bear side ? FX-Ray - You are on the bull side ? Workingforex - Is on the bull side. PS Add: Its just for a healthy discussion, adjusting your position according to situation needed, also disclaimer added. {image}
Spartan I am a bear. This thing is stalling below the 100 EMA on the H4 chart. Even a mega rally on the DOW today of over 200 points did not help it that much. This thing is going lower AFTER 174.
Be humble or be humbled.
  • #14,857
  • Oct 21, 2014 7:02pm Oct 21, 2014 7:02pm
Quoting workingforex
{quote} Shall we make a little contest here to see how many people for BULL/BEAR ? MPT - Are you on bear side ? FX-Ray - Are you on the bull side ? Workingforex - Is on the bull side. PS Add: Its just for a healthy discussion, adjusting your position according to situation needed, also disclaimer added. {image}
I was on the bear beginning of the week but I think the bulls will take it now. Being a bear this week has been disastrous as it has broken through the channel only to reverse upwards trapping traders. Its done that twice this past week and can be quite frustrating. I am surprised i'm only down -1.4% this week. Anyway tomorrow looks like it is going to be a good day ... kudos to the contributors of this thread. I am sure it is helpful to all of us
  • #14,858
  • Edited 9:17pm Oct 21, 2014 7:48pm | Edited 9:17pm
Under 171.8 it drops again - to 171.5/6. If it can hold over 172, it might track to 173.3/4 (or higher).
  • #14,859
  • Oct 21, 2014 9:24pm Oct 21, 2014 9:24pm
Some high impact data in a few hours from the BOE. Very drab uneventful I'm sure. No rate increase, not many votes to increase the rates and some growth is left wanting. Short from 172.07 in N.Y. this A.M. Under water on this trade 28 pips in Tokyo.
Be humble or be humbled.
  • #14,860
  • Oct 22, 2014 12:22am Oct 22, 2014 12:22am
It keeps hitting resistance at ~ 172.8 level. Repeatedly stumbling at this level. I'm leaning on bearish. IMO

But, given lack of conviction, bit too tricky at the moment. IMO
0 traders viewing now