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Geppy's Geppy Thread (GBP/JPY)

  • #15,641
  • Nov 7, 2014 4:48am Nov 7, 2014 4:48am
Quoting FX-Ray
That impact was impressive.. {image}
He was a panelist at some french bank thing. I gave it a 70% chance of doing absolutely nothing. There was a chance of something happening, but wasn't looking very likely.

Like when Kuroda talks to university students. Lol, I highly doubt he's going to drop any hints at a seminar like that.
  • #15,642
  • Nov 7, 2014 4:53am Nov 7, 2014 4:53am
Quoting FX-Ray
{quote} Chris, you just dropped some wisdom here. Thats the real hard work.
A lot of folks really don't understand their deepest underlying mindset in life. Trading without knowing exactly who and what you "really" are is like tossing cash in the trash. When we're younger and growing up we tend to convince ourselves of things that make us comfortable. Makes it easier to deal with the bumps in the road of life. It's a perfectly natural self defense mechanism we all have. Fighting through the portions that aren't exactly true to get at the door to further growth is the challenge.

That's why ego MUST be the first thing to go. Loosing that is the key to that door and thus, the first step.
Ghost Rider - WWTBMD?
  • #15,643
  • Nov 7, 2014 4:53am Nov 7, 2014 4:53am
I took one more look at the DPs. You say that you calculated these, but they can be also spotted in the charts. The DPs are never a single line but rather an area, a zone. I have discovered before some time that the concept of support/resistance lines is misleading and I rather want to have a conception of areas. Therefore it makes perfect sense to have these two DPs embracing a certain area of decision making - mostly supply/demand zones where the price has not been able to stay for long, if I am not mistaken.
Fix up, trade sharp ...
  • #15,644
  • Nov 7, 2014 4:54am Nov 7, 2014 4:54am
Quoting FX-Ray
{quote} You guys always make me thirsty or hungry at the wrong time!
...
Ghost Rider - WWTBMD?
  • #15,645
  • Nov 7, 2014 4:58am Nov 7, 2014 4:58am
Quoting albchr
{quote} A lot of folks really don't understand their deepest underlying mindset in life. Trading without knowing exactly who and what you "really" are is like tossing cash in the trash. When we're younger and growing up we tend to convince ourselves of things that make us comfortable. Makes it easier to deal with the bumps in the road of life. It's a perfectly natural self defense mechanism we all have. Fighting through the portions that aren't exactly true to get at the door to further growth is the challenge. That's why ego MUST be the first thing...
Good Morning Guys,

As always, well said Chris!
  • #15,646
  • Nov 7, 2014 4:58am Nov 7, 2014 4:58am
Quoting Hickson
I took one more look at the DPs. You say that you calculated these, but they can be also spotted in the charts. The DPs are never a single line but rather an area, a zone. I have discovered before some time that the concept of support/resistance lines is misleading and I rather want to have a conception of areas. Therefore it makes perfect sense to have these two DPs embracing a certain area of decision making - mostly supply/demand zones where the price has not been able to stay for long, if I am not mistaken.
IŽd like to refer to this post: http://www.forexfactory.com/showthre...07#post7844807
  • #15,647
  • Nov 7, 2014 5:01am Nov 7, 2014 5:01am
Quoting workingforex
{quote} Good Morning Guys, As always, well said Chris!
Good morning workingforex!
Fix up, trade sharp ...
  • #15,648
  • Edited 5:12am Nov 7, 2014 5:05am | Edited 5:12am
Quoting FX-Ray
{quote} IŽd like to refer to this post: http://www.forexfactory.com/showthre...07#post7844807
This pattern is (beside Daily Highs/Lows), one of the most consistent pattern you'll find in any market, any financial instrument and any timeframe. Simply because as long as buyers and sellers competing, this pattern will exists, doesnt matter if I share it or not.
  • #15,649
  • Nov 7, 2014 5:05am Nov 7, 2014 5:05am
Quoting workingforex
{quote} Good Morning Guys, As always, well said Chris!


Good Morning WF
Ghost Rider - WWTBMD?
  • #15,650
  • Nov 7, 2014 5:06am Nov 7, 2014 5:06am
Quoting FX-Ray
{quote} IŽd like to refer to this post: http://www.forexfactory.com/showthre...07#post7844807
One of them thar gold nuggets folks should pocket. ...
Ghost Rider - WWTBMD?
  • #15,651
  • Nov 7, 2014 5:12am Nov 7, 2014 5:12am
Quoting FX-Ray
{quote} This pattern is (beside Daily Highs/Lows), one of the most consistent pattern you'll find in any market, any financial instrument and any timeframe. Simply because as long as buyers and sellers competing, this pattern will exists, doesnt matter if I share it or not.
Sometimes it really sucks not to be a native speaker, I corrected this post maybe 5 times lol
  • #15,652
  • Nov 7, 2014 5:14am Nov 7, 2014 5:14am
Quoting albchr
{quote} I've actually changed PA to PS. Price "Action" means nothing to me anymore. Price "Structure" is everything.
I like PS also. I got yelled at yesterday from someone who said I don't know PA and I just said ok

good to know I am not the only one
  • #15,653
  • Nov 7, 2014 5:15am Nov 7, 2014 5:15am
Quoting FX-Ray
{quote} IŽd like to refer to this post: http://www.forexfactory.com/showthre...07#post7844807
Yes, the concept of test, break, retest and continuation ... so simple, yet so hard to profit from because of human nature.
Fix up, trade sharp ...
  • #15,654
  • Nov 7, 2014 5:15am Nov 7, 2014 5:15am
Quoting AllyB
{quote} I like PS also. I got yelled at yesterday from someone who said I don't know PA and I just said ok good to know I am not the only one
You should have asked him/her if he/she can define 'PA' lol
So many talk about it.. but...
  • #15,655
  • Nov 7, 2014 5:17am Nov 7, 2014 5:17am
Quoting Hickson
{quote} Yes, the concept of test, break, retest and continuation ... so simple, yet so hard to profit from because of human nature.
Watch for them, collect them, build a map, make a plan, then money - and riskmanagement, then execution.
Simply said, hardly done.
  • #15,656
  • Nov 7, 2014 5:18am Nov 7, 2014 5:18am
Quoting FX-Ray
{quote} You should have asked him/her if he/she can define 'PA' lol So many talk about it.. but...
he said I should use bollingerbands to see how PA works

like I need another indie when I got such good levels
  • #15,657
  • Nov 7, 2014 5:19am Nov 7, 2014 5:19am
Quoting AllyB
{quote} he said I should use bollingerbands to see how PA works like I need another indie when I got such good levels
Aha...
Another one to have a monopoly on the truth..
You know this phenomenon is also a pattern amongst traders xD
  • #15,658
  • Nov 7, 2014 5:20am Nov 7, 2014 5:20am
Quoting FX-Ray
{quote} Sometimes it really sucks not to be a native speaker, I corrected this post maybe 5 times lol
That's Okay you are very clear and concise. So hey guys fx-ray has spent a ton of time getting those points through his algo for time constraints and his ease, but there's a quick shorthand way of getting it as well. Change your chart temporarily to a line graph on any time frame ( the dailies is supposedly the best) ....use the closing price of course. Any point where support turned to resistance and vice-versa is a critical turning point. The more you spend on a pair the easier it becomes to spot major zones and minor zones. Hope its clarified and I know this is basic info but not everybody knows, just the same way I suck as elliot waves and using fibonacci right I dont even bother using them. Have a good weekend im done for the day.
  • #15,659
  • Nov 7, 2014 5:20am Nov 7, 2014 5:20am
Quoting FX-Ray
{quote} Aha...
folks need to stick to their system and what works for them and let me do the same
  • #15,660
  • Nov 7, 2014 5:22am Nov 7, 2014 5:22am
Quoting AllyB
{quote} folks need to stick to their system and what works for them and let me do the same
and again.. completed
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