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Geppy's Geppy Thread (GBP/JPY)

  • #15,581
  • Nov 6, 2014 2:38pm Nov 6, 2014 2:38pm
Quoting benaiah
I guess I shouldn't complain? But it's kind of hot {image}
Lucky son of a bitch. I'm in a dark room all day until dark. Grrrrr.
There's always money in the banana stand.
  • #15,582
  • Nov 6, 2014 2:38pm Nov 6, 2014 2:38pm
Quoting benaiah
{quote} Ha ha, you recognized where I am? Sorry to anyone dealing with cold and/or rain and snow. I've been there, done that. Decided 20 years ago, I didn't want to deal with it anymore... Anyway, waiting for the next GBPJPY decisive move, and thought I'd share a picture...
Why not, if I ever get the chance I will do the same. But the similarity is amazing, isn't it?

http://www.forexfactory.com/showthre...89#post7848889
Fix up, trade sharp ...
  • #15,583
  • Nov 6, 2014 2:40pm Nov 6, 2014 2:40pm
Quoting Hickson
{quote} Why not, if I ever get the chance I will do the same. But the similarity is amazing, isn't it? http://www.forexfactory.com/showthre...89#post7848889
  • #15,584
  • Nov 6, 2014 2:54pm Nov 6, 2014 2:54pm
Could be turning it's nose back up. For me, 182.30 is key. As long as it doesn't fail this level, it looks to me like it may be resuming upward...
  • #15,585
  • Nov 6, 2014 3:05pm Nov 6, 2014 3:05pm
Of course, I mostly only post short-term views, i.e. intra-day, so please take in that context...
  • #15,586
  • Nov 6, 2014 3:13pm Nov 6, 2014 3:13pm
Quoting benaiah
Could be turning it's nose back up. For me, 182.30 is key. As long as it doesn't fail this level, it looks to me like it may be resuming upward...
looks like UJ is climbing to retest the 4H 2100 pin bar from the 5th, its about 50%, GU still falling towards support,, we should know soon?
  • #15,587
  • Nov 6, 2014 3:18pm Nov 6, 2014 3:18pm
Quoting IveGotQuads
{quote} Take a look at Gbp/Usd ...probably there is where you want to long and short the Gbp/Jpy Also dollar buyers are very exhausted... I usually look at the relationship of the Usd/Jpy and Gbp/usd for clues, Off course this is in the short term. I believe some one posted a trendline support for the Gbp/Jpy ...all it takes is for it to get broken and all hell will let loose.
Meh, I broke even with it. Saw it move up before falling asleep, so moved my stop to BE.

And low and behold, market's still scared of the 181.890 area. Damn, if any spot was a good place to go long from, that was the spot. But lol, I have to sleep sometime.
  • #15,588
  • Nov 6, 2014 3:27pm Nov 6, 2014 3:27pm
For me to maintain confidence in short term bullish outlook, I'd need to see a strong H4 close, i.e. engulfing bar, otherwise it'll be just an inside bar situation that could go either way...
  • #15,589
  • Nov 6, 2014 5:16pm Nov 6, 2014 5:16pm
Quoting js5020
{quote} looks like UJ is climbing to retest the 4H 2100 pin bar from the 5th, its about 50%, GU still falling towards support,, we should know soon?
Inside bar situation on H4 and D1, but will see how far it can be ridden up? If it follows UJ (more room to move), maybe it'll go further than I think?

However, the overall picture in my opinion is still favoring short opportunities. So, will be looking for when it gets slammed down again to jump on the short bandwagon. If it manages to make a new high, well a different story
  • #15,590
  • Nov 6, 2014 5:24pm Nov 6, 2014 5:24pm
Quoting benaiah
{quote} Inside bar situation on H4 and D1, but will see how far it can be ridden up? If it follows UJ (more room to move), maybe it'll go further than I think? However, the overall picture in my opinion is still favoring short opportunities. So, will be looking for when it gets slammed down again to jump on the short bandwagon. If it manages to make a new high, well a different story

Seems to have found support at 20MA on 4h and making a bullish move from there. Definitely will be keeping my eye out, 4h chart shows uptrend is still intact and strong uptrend.
  • #15,591
  • Nov 6, 2014 5:59pm Nov 6, 2014 5:59pm
Quoting Pip-Ranger
{quote} Seems to have found support at 20MA on 4h and making a bullish move from there. Definitely will be keeping my eye out, 4h chart shows uptrend is still intact and strong uptrend.
yep, I just see some resistance that will need to be broken. H4 shows a lot of S/R levels that will need to be plowed through. But in my opinion D1 chart shows the overall picture best.

Price won't go far, unless there's a break out above 183.16, then it'll have 184.32 to contend with. The huge bearish candle sticking out the top gives it an overall bearish bias in terms of break out. If it breaks out down below 181.73 (daily close) it would seem headed to 175ish area.

And, if I might venture my personal opinion, looking at the lower time frames, I don't think price will get past 183.30ish area before another dip.

But again, my opinion, and I'm sure it will go whatever way it goes

In fact while writing this, I see some bearish price action on lower time frames, and closed my long positions at BE, and will probably short it from here, or stand aside/call it a day. But, that's more intra-day than other above comments...
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  • #15,592
  • Nov 6, 2014 10:53pm Nov 6, 2014 10:53pm
It is a tough day to be a short with all the scary price action... will take a lot of guts holding on. Right now I am leaning towards buying but just clicking buy is disastrous as you are throwing yourself to the wind. I would like for price to get to 182.11 for a buy or better yet 181.85...the markets way of shaking out the weak buyers. If we happen to get to 182.86 pretty quickly I will look for a breakout pattern , if this is false I will be riding with the bears. Gl and may we all make pips in any direction
  • #15,593
  • Nov 6, 2014 11:34pm Nov 6, 2014 11:34pm
it's a buy at 2:30am NewYork time......
  • #15,594
  • Nov 6, 2014 11:40pm Nov 6, 2014 11:40pm
Looks to be gearing up for a nice bullish break out on the near term horizon...
  • #15,595
  • Nov 7, 2014 1:18am Nov 7, 2014 1:18am
Quoting benaiah
Looks to be gearing up for a nice bullish break out on the near term horizon...
I think the biggest test will be FX-Ray's DP of 183.20/00.

181.99/79 Has been some strong support these past couple of days. The price refuses to break below it. If it goes bull, it needs to break the 183.20/00 area. If it doesn't, then there will likely be a reversal back down towards the 182-ish area to close out the week.
  • #15,596
  • Nov 7, 2014 1:49am Nov 7, 2014 1:49am
Good morning .. A very puzzling PA ... waiting for DP should be the way here ...
Attached Image (click to enlarge)
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Fix up, trade sharp ...
  • #15,597
  • Nov 7, 2014 1:59am Nov 7, 2014 1:59am
Quoting Hickson
Good morning .. A very puzzling PA ... waiting for DP should be the way here ... {image}
pound looks like it's on the verge of a huge collapse in the crosses... shrugs. maybe the medium term uptrend for pound is ending
Build good relationships with others.
  • #15,598
  • Nov 7, 2014 2:04am Nov 7, 2014 2:04am
If anyone's interested in scalping, it seems to be sticking in the range of 182.64-182.44. There appears to be a lot of indecision. Perhaps people waiting on what Carney has to say in a couple of hours?
  • #15,599
  • Nov 7, 2014 2:06am Nov 7, 2014 2:06am
Quoting shellsnail
{quote} pound looks like it's on the verge of a huge collapse in the crosses... shrugs. maybe the medium term uptrend for pound is ending
Let's see, GBP/USD could still be in a correction. Nothing clear until 1.5680 is broken in my view.
Fix up, trade sharp ...
  • #15,600
  • Nov 7, 2014 2:47am Nov 7, 2014 2:47am
Quoting 4xNewGuy
If anyone's interested in scalping, it seems to be sticking in the range of 182.64-182.44. There appears to be a lot of indecision. Perhaps people waiting on what Carney has to say in a couple of hours?
Don't know how to make profit from all these inside moves noise ... to be honest, I have never seen someone who has shown me a valid scalping strategy with consistent profits. Does not mean you do not have one though, but with these kind of inside moves I do not want to trade.
Fix up, trade sharp ...
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