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Geppy's Geppy Thread (GBP/JPY)

  • #15,441
  • Nov 6, 2014 12:27am Nov 6, 2014 12:27am
Quoting benaiah
Only way I'd assume bullish again is if the prior high is taken out... I may not be able to stay up to find out. Will need to sleep shortly...
This will happen. It is just a matter of time.

Right now, the 30 minute TF is key, as demonstrated below.
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  • #15,442
  • Nov 6, 2014 12:28am Nov 6, 2014 12:28am
Quoting benaiah
{quote} maybe. I'm not convinced it is done falling yet. Probably goes without saying, won't fall in a straight line... First thing I'd look at is how far up can it make it through that huge bearish H1 candle before it is rejected? I'd look for it to get slammed before it gets half way up that candle. If I'm still awake, I'd probably sell around 183.15. Only way I'd assume bullish again is if the prior high is taken out... I may not be able to stay up to find out. Will need to sleep shortly...
Hmm looks like we seeing it differently had initially put a buy stop @ 183.11 like earlier but decided to just get in @ 182.79 and moved SL to BE The 1 hr time frame seems very convincing for a short with the shooting star and confirmed candle down...on the daily where we still early in the sessions it is looking more like indecision or just some big traders taking profits. If my BE position gets stopped out early I will be following the bearish direction.
  • #15,443
  • Nov 6, 2014 12:28am Nov 6, 2014 12:28am
Quoting Gbp/jpy
I'm calling for a rise during the London Open.....
yo whats up dude?

i dont really care about my position right now. it is small, and i know gj will eventually go higher...
Please check out my blog at https://from-zero-to-hero . net
  • #15,444
  • Nov 6, 2014 12:32am Nov 6, 2014 12:32am
Quoting benaiah
{quote} maybe. I'm not convinced it is done falling yet. Probably goes without saying, won't fall in a straight line... First thing I'd look at is how far up can it make it through that huge bearish H1 candle before it is rejected? I'd look for it to get slammed before it gets half way up that candle. If I'm still awake, I'd probably sell around 183.15. Only way I'd assume bullish again is if the prior high is taken out... I may not be able to stay up to find out. Will need to sleep shortly...
Cool.

Market is extremely volatile. Which is great, but entering at extremes of ranges is best strategy in these environments - as you point out.
  • #15,445
  • Nov 6, 2014 12:32am Nov 6, 2014 12:32am
Lunch and playtime are over. No one died from the puffer fish. Time to go back up.
  • #15,446
  • Nov 6, 2014 12:33am Nov 6, 2014 12:33am
Quoting IveGotQuads
{quote} Hmm looks like we seeing it differently had initially put a buy stop @ 183.11 like earlier but decided to just get in @ 182.79 and moved SL to BE The 1 hr time frame seems very convincing for a short with the shooting star and confirmed candle down...on the daily where we still early in the sessions it is looking more like indecision or just some big traders taking profits. If my BE position gets stopped out early I will be following the bearish direction.

This
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  • #15,447
  • Nov 6, 2014 12:34am Nov 6, 2014 12:34am
Quoting smash1820
{quote} yo whats up dude? i dont really care about my position right now. it is small, and i know gj will eventually go higher...
Oh Oh , very confident !! I like that. There's another saying that "always consider that your trades are wrong until the market proves you right" How about that

edit: I think that is supposed to help to deal with losses...but I think we have passed that stage anyway.
  • #15,448
  • Nov 6, 2014 12:39am Nov 6, 2014 12:39am
Suddenly looks overbought again.
  • #15,449
  • Nov 6, 2014 12:42am Nov 6, 2014 12:42am
Quoting Didgeridoo
Suddenly looks overbought again.
The monthly went into OB 24 months ago.
  • #15,450
  • Nov 6, 2014 12:45am Nov 6, 2014 12:45am
Quoting Mpt
{quote} The monthly went into OB 24 months ago.
True.

I just mean: there's too much of a s/t buying frenzy going on IMO.
  • #15,451
  • Nov 6, 2014 1:02am Nov 6, 2014 1:02am
Quoting albchr
{quote} {quote} Looks like it might play out after all Ray. .... {image}
Yeah indeed but thats whats happen sometimes, nothing I could avoid
  • #15,452
  • Nov 6, 2014 1:03am Nov 6, 2014 1:03am
Quoting brs386
{quote} This {image}
Nice chart ...not too many indicators or clutter. I see price came down to that trend-line, lets hope it holds
  • #15,453
  • Nov 6, 2014 1:06am Nov 6, 2014 1:06am
Still staying within the trend. Just slowing down and sticking near support.

Just waiting for London to give it a kick in the butt.
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  • #15,454
  • Nov 6, 2014 1:14am Nov 6, 2014 1:14am
current view
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  • #15,455
  • Nov 6, 2014 1:14am Nov 6, 2014 1:14am
Quoting 4xNewGuy
Still staying within the trend. Just slowing down and sticking near support. Just waiting for London to give it a kick in the butt. {image}
Call me a permabear, but I just don't see how price could significantly rise back up in the next few hours.
  • #15,456
  • Nov 6, 2014 1:15am Nov 6, 2014 1:15am
Quoting IveGotQuads
{quote} Nice chart ...not too many indicators or clutter. I see price came down to that trend-line, lets hope it holds

Here's hoping it holds and continues with an upward move
  • #15,457
  • Nov 6, 2014 1:22am Nov 6, 2014 1:22am
Quoting workingforex
{quote} Wow! Just locked in at 182.625, man! .... .... Once again I would like to thank you for this. First time ever I had kept a position for so long, all because of you and your regular inputs, have been in this trade since 168.05 and it is 1445 pips, locked-in. Once again
Congrats Take a day off and just watch, no reason to give anything back.
  • #15,458
  • Nov 6, 2014 1:39am Nov 6, 2014 1:39am
Quoting FX-Ray
current view {image}
Add
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  • #15,459
  • Nov 6, 2014 1:45am Nov 6, 2014 1:45am
Quoting smash1820
{quote} please remember, excess stimulus is NEVER a good thing #callingPipAnon
Hey there! Long time my friend. The pair go achieve higher prices, but resistance looks to be stacked going forward, while a retrace is likely. I think it is same to say Kuroda has gone metal, and the BoJ will undoubtedly be the catalyst to the next crisis.
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When the facts change I change my mind, what do you do sir
  • #15,460
  • Nov 6, 2014 1:51am Nov 6, 2014 1:51am
Quoting FX-Ray
{quote} Add {image}
Hi FX-Ray,
interesting chart. What do we see there? It is a market profile?
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