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Geppy's Geppy Thread (GBP/JPY)

  • #14,981
  • Oct 29, 2014 11:04am Oct 29, 2014 11:04am
Quoting js5020
{quote} I have a grid type 6 position trade still running from 169.00, up around 20% atm with all trades in the money,,,, Im watching occasionally but not concerned as there dosent seem to be any reversal signals as of yet that I see.
If these condition remain I definitely see 176.20/00; there we gonna see a Reversal or Continuation* imho.

Otherwise 173.20/00 is next and from there:
http://www.forexfactory.com/showthre...88#post7820388

Add: Continuation* to 179.80/60
  • #14,982
  • Oct 29, 2014 11:05am Oct 29, 2014 11:05am
Quoting albchr
{quote} ... ...
Thank you Sir!
  • #14,983
  • Oct 29, 2014 11:16am Oct 29, 2014 11:16am
Quoting js5020
{quote} I have a grid type 6 position trade still running from 169.00, up around 20% atm with all trades in the money,,,, Im watching occasionally but not concerned as there dosent seem to be any reversal signals as of yet that I see.
Thats some sweet pips, yeah Im about to switch brokers since mine doesn't allow hedging and its FIFO rules which makes it annoying to top a trade and take that off if you want . Hope Im not to late to the party Are ypu planning on adding more legs ?
  • #14,984
  • Oct 29, 2014 11:28am Oct 29, 2014 11:28am
Quoting FX-Ray
{quote} http://www.forexfactory.com/showthre...30#post7819830 Missed by ~7 Pips and kept Mr.Workingforex in the trade for from 168.20/00 to 176.20/00
I though we were partners in crime and you had some from 168.20 - 168.10. Although I did take partials at previous DPs, but still holding on to some!

All credit goes to you my friend!
  • #14,985
  • Oct 29, 2014 11:32am Oct 29, 2014 11:32am
Quoting workingforex
{quote} I though we were partners in crime and you had some from 168.20 - 168.10. Although I did take partials at previous DPs, but still holding on to some! All credit goes to you my friend!
Sure, im still long. Have the same SL as you do. Its not like I give you an advice and dont follow it myself

http://www.forexfactory.com/attachme...4&d=1413400279

Quoting FX-Ray
{quote} Sure, im still long. Have the same SL as you do. Its not like I give you advice and dont follow it myself http://www.forexfactory.com/attachme...4&d=1413400279
Didnt get fills at 168.00 167.90 167.80 though..
  • #14,986
  • Oct 29, 2014 11:37am Oct 29, 2014 11:37am
Quoting FX-Ray
{quote} Sure, im still long. Have the same SL as you do. Its not like I give you an advice and dont follow it myself http://www.forexfactory.com/attachme...4&d=1413400279
That is my MAN, well done!
  • #14,987
  • Oct 29, 2014 11:39am Oct 29, 2014 11:39am
Quoting IveGotQuads
{quote} Thats some sweet pips, yeah Im about to switch brokers since mine doesn't allow hedging and its FIFO rules which makes it annoying to top a trade and take that off if you want . Hope Im not to late to the party Are ypu planning on adding more legs ?
Im holding off on adding atm due to this resistance level but will add once/if it breaks. I closed my high leveraged 25:1 trade from the same area yesterday on the rejection of the level, that one was worth quite a bit more than the gridder. I have moved the grid stop to break even of 171.5.
  • #14,988
  • Oct 29, 2014 11:56am Oct 29, 2014 11:56am
Quoting workingforex
{quote} That is my MAN, well done!
You are funny dude

Relax and listen to some music

Inserted Video
  • #14,989
  • Oct 29, 2014 12:39pm Oct 29, 2014 12:39pm
Quoting IveGotQuads
{quote} Thanks Temujin thats some good advice and Ive moved SL to break even. Probably prepared for a breakeven trade if that happens, I wonder what the traders with a 200 pip position will do ? now that will be some discussion.

COT data says most are long USD. That's $2,000 a pip at the CME. Do they know something we don't?
Be humble or be humbled.
  • #14,990
  • Edited 6:27pm Oct 29, 2014 3:13pm | Edited 6:27pm
Quoting Temujin
{quote} COT data says most are long USD. That's $2,000 a pip at the CME. Do they know something we don't?
Makes sense most are long USD. The more a price to tend in one direction the more sellers/buyers are attracted. The probability for a squeeze ascends just because those buyers/sellers become the opposite side of their trades if they need to bail.

Add:

If you look at the daily EUR/USD chart right now, no one thinks long; lets assume we get printed 1.2600 and price is unable to hold itself at those levels; lets say consolidation. I see higher levels defenitely. For example: Unable to stay below 1.26000, test of 1.277; shorts bail, up momentum, next target 1.3000, just my 2 cents..
  • #14,991
  • Oct 29, 2014 6:08pm Oct 29, 2014 6:08pm
Quoting IveGotQuads
{quote} Thats some sweet pips, yeah Im about to switch brokers since mine doesn't allow hedging and its FIFO rules which makes it annoying to top a trade and take that off if you want . Hope Im not to late to the party Are ypu planning on adding more legs ?
Just a question, why do you need hedging? I wont say I never tried hedging, but I what I found is if you become good enough to profit from both sides of a hedge your likely good enough to "hammer" the right side, not tie up funds, not take drawdown, swap funds between accounts, not be trading like an animal all hours of the day and night etc. FIFO is a no issue for me, when I don't want to be in a grid type trade anymore I close the entire position, there are only certain conditions that I will even start one in the first place.
  • #14,992
  • Oct 29, 2014 9:25pm Oct 29, 2014 9:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 2014.png Size: 369 KB

30 Mins Time frame..going down towards 173.80 then 173.15/25..
  • #14,993
  • Oct 29, 2014 11:11pm Oct 29, 2014 11:11pm
Quoting FX-Ray
{quote} Sure, im still long. Have the same SL as you do. Its not like I give you an advice and dont follow it myself http://www.forexfactory.com/attachme...4&d=1413400279 {quote} Didnt get fills at 168.00 167.90 167.80 though..

I'm not long, bought puts Sunday night and this thing must be below 174.75 by the N.Y. close. Suprised to come home and log in to see it was still a threat in Tokyo.
Be humble or be humbled.
  • #14,994
  • Oct 29, 2014 11:32pm Oct 29, 2014 11:32pm
Now it's the right time of the week to see some follow-through....
  • #14,995
  • Oct 29, 2014 11:34pm Oct 29, 2014 11:34pm
Aiming 173.50 lets see
Money never sleeps I can hear the dollar calling me
  • #14,996
  • Oct 30, 2014 1:29am Oct 30, 2014 1:29am
Going short now at 61.82% retracement, nice and tight sl above top channel line with min. risk.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 20.png Size: 53 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #14,997
  • Oct 30, 2014 3:50am Oct 30, 2014 3:50am
Sell limit triggered at 174.60..TP1 173.80/75 then tp2 173.15/25
  • #14,998
  • Oct 30, 2014 5:50am Oct 30, 2014 5:50am
Quoting js5020
{quote} Just a question, why do you need hedging? I wont say I never tried hedging, but I what I found is if you become good enough to profit from both sides of a hedge your likely good enough to "hammer" the right side, not tie up funds, not take drawdown, swap funds between accounts, not be trading like an animal all hours of the day and night etc. FIFO is a no issue for me, when I don't want to be in a grid type trade anymore I close the entire position, there are only certain conditions that I will even start one in the first place.
I see, yeah makes sense. ill message you later, thanks
  • #14,999
  • Edited 10:20am Oct 30, 2014 10:03am | Edited 10:20am
Quoting workingforex
{quote} That is my MAN, well done!
Dude we are on almost halfway to 176.20/00, im not sure whether its gonna reverse, continues or ranges there. As soon as 176.00 gets printed use the same procedure as here: http://www.forexfactory.com/showthre...30#post7819830

Good Luck

Add: Anyway, I expect some acceleration around 175.35
  • #15,000
  • Oct 30, 2014 10:22am Oct 30, 2014 10:22am
Quoting FX-Ray
{quote} Dude we are on almost halfway to 176.20/00, im not sure whether its gonna reverse, continues or ranges there. As soon as 176.00 gets printed use the same procedure as here: http://www.forexfactory.com/showthre...30#post7819830 Good Luck
Surely I will increase my stop to 175.75 when 176 get printed. Keeping a close watch at the minute, seems like in a tight range since morning today.

Thank you for the input, much appreciated.
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