Geppy's Geppy Thread (GBP/JPY)

Quoting smash1820

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Dear Mpt: This is all you need to know: "We're about to find out as Kuroda, like some feverish hedge fund manager, corners Japan's. Neglected in all the celebrating: to reach a 2 per cent inflation goal that's both arbitrary and meaningless, the BOJ is destroying Japan's standing as a market economy." PLEASE REMEMBER THAT WHILE THE SHORT-TERM REACTION MAY BE BEARISH, THE LONG-TERM REACTION MAY BE ANYTHING BUT THAT... (IN FACT, QUITE THE OPPOSITE...)

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Quoting albchr

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{quote} {quote} Looks like it might play out after all Ray. .... {image}

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Quoting smash1820

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{quote} Dear Mpt: This is all you need to know: "We're about to find out as Kuroda, like some feverish hedge fund manager, corners Japan's. Neglected in all the celebrating: to reach a 2 per cent inflation goal that's both arbitrary and meaningless, the BOJ is destroying Japan's standing as a market economy." PLEASE REMEMBER THAT WHILE THE SHORT-TERM REACTION MAY BE BEARISH, THE LONG-TERM REACTION MAY BE ANYTHING BUT THAT... (IN FACT, QUITE THE OPPOSITE...)

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Quoting Mpt

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{quote} The market is getting twitchy. All it takes is one low liquidity moment to repeat March 2011 or worse. It may be inherently bullish, but there's not too much support underneath it right now and it only takes one person with their finger on the trigger. And this 2% inflation/ QE thing - the BOJ invented QE back in the late '80's. If you look at the long term chart posted here a day or two ago, you can well see that their efforts have thus far come to nought.

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Quoting 4xNewGuy

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{quote} Man, twitchy is an understatement. 110+ pips in 15 minutes.

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Quoting Gbp/jpy

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Well hail....it's doing the Tokyo lunch reverse again.......

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Quoting Mpt

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{quote} Maybe they all gorged themselves on puffer fish.

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Quoting HareshBM

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initiating GBPJPY buy at current levels (182.50) targeting 184.40 and placing stop-loss near 181.35.

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Quoting albchr

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{quote} Thanks Ally .. It would be nice to see that translate into a 1H stick but it almost "feels" like there could be another short thrust coming? Perhaps my upper number or close to it. ...

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Quoting albchr

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{quote} If she can close below by day's end (NY), test and hold I'm with you to 179.80/60. {image} Anyway I'm off now. I have much to do. Enjoy the day folks.

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Quoting IveGotQuads

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I think I have had about 3 winning trades of about 80+ pips turn to break-even the past 2 days. The intra-day trader in me in the past would have taken profits early but having seen the power of a position I don't even care how many break evens I get. I just get this feeling that price is not going to be at this levels for a pretty long time so as long as you participate we would be rewarded. I wonder if anybody is getting chopped up or have a way of sorting through the noise.

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Quoting Didgeridoo

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{quote} It's back at a reasonable support level, no?

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Quoting smash1820

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{quote} please remember, excess stimulus is NEVER a good thing #callingPipAnon

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