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Geppy's Geppy Thread (GBP/JPY)

  • #15,801
  • Nov 8, 2014 12:11am Nov 8, 2014 12:11am
Hi Guys,

I hope everyone had a great week of trading.

I'm not sure I'm able to post images as of yet as I just joined.

Is there anyone here familiar with Elliot Wave Analysis... I'm not the best at E.W, however I'm looking at the Monthly Chart and it appears the Pin bar that formed earlier today seems to have created a wave 5, extended wave 3 @ 156.78, however wave 5 seems to be a little extended?

We're current at 50% fibo from 251.212's high, I can't see it in my mind that we'll reach 199.660 or there about's (61.8% fibo)

I use a lot of Pin Bar retracements for my trading, so 167.94 (pin bar low) for the long term seems more possible than 199.66 target... Then a retest back to the weekly's 184.27 pin high.

What's your take on it?

FXCyborg ~ Chris.

P.S
Does anyone know of an indicator and or script that will create a buy or sell stop order where you place your Horizontal Trend Line (I've seen some that asks you to enter the words sellstop or buystop so the indicator knows what to do - however it's not exactly what I'm looking for)... I'm looking for one where I can set an expiry time on the order so it gets deleted/ignored automatically.
Thank you.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #15,802
  • Nov 8, 2014 1:53am Nov 8, 2014 1:53am
Quoting Mr. Scott
{quote} Well, that would not be nice, might mention person by name. {image}
That would be the one. By name? Probably not necessary really. A certain 15M scalper by chance?
Ghost Rider - WWTBMD?
  • #15,803
  • Nov 9, 2014 7:41am Nov 9, 2014 7:41am
I will be looking to buy this pair next week.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 116 KB
Money never sleeps I can hear the dollar calling me
  • #15,804
  • Nov 9, 2014 10:16am Nov 9, 2014 10:16am
Quoting shivam332
I will be looking to buy this pair next week. {image}
Word! I want 178.1!!
  • #15,805
  • Nov 9, 2014 10:21am Nov 9, 2014 10:21am
Quoting Clusiot
{quote} Word! I want 178.1!!
Good luck to both of us then! hehe.
Money never sleeps I can hear the dollar calling me
  • #15,806
  • Nov 9, 2014 10:31am Nov 9, 2014 10:31am
Quoting shivam332
{quote} Good luck to both of us then! hehe.
Yes sir! I may not get my level, but that's the mistake I want to make.
  • #15,807
  • Nov 9, 2014 10:36am Nov 9, 2014 10:36am
Quoting Clusiot
{quote} Yes sir! I may not get my level, but that's the mistake I want to make.
I'm off to bed now sir but this forex won't let me sleep haha. Maybe coz I can't live without my fx bitch
Have a nice day sir and wish you lots of pips
If 180 is broken then we will see your level for sure
Money never sleeps I can hear the dollar calling me
  • #15,808
  • Nov 9, 2014 2:09pm Nov 9, 2014 2:09pm
I posted this chart before, but did a little more analysis, and posting one more time...

I believe best possible scenario for bullish move this week is 183ish area. I would not be surprised if price ranged between 181-183 for a while (blue shaded area). But I would be surprised if we see price above 183 any time soon.

The wall bulls need to break through is 183. After that, will need to contend with the prior high above 184. But, again, from what the chart is telling me, the bears have put up a wall at around 183, and are pushing the price down.

I would expect price to hit 180ish area before it goes above 183. Of course, anything is possible, but if you look at the H1 chart, the consolidation/ranging that the price is currently doing does not look ready to move up. Since the spike above 183 on 11/5, it is clearly on a down-trend.

Of course, if we end up with a reversal pattern on H1 or H4, then maybe another test of 183 area and above. But until then, I'd look for lower prices...

Just my opinion...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 80 KB
  • #15,809
  • Nov 9, 2014 2:30pm Nov 9, 2014 2:30pm
Decision points calendar week 46 for GBP/JPY:

(1) 193.40/20 (six-sigma)
(2) 189.20/00
(3) 187.20/00
(4) 185.00/84.80 (optimal TP long)
(5) 183.40/20
(6) 179.80/60
(7) 176.20/00 (optimal TP short)
(8) 173.00/72.80
(9) 166.80/60 (six-sigma)

New week, new opportunities, new challenge. Good Luck everyone.

"We are what we repeatedly do. Excellence, then, is not an act, but a habit." -Aristotle
  • #15,810
  • Nov 9, 2014 4:51pm Nov 9, 2014 4:51pm
Hello Everyone,
I have been reading this forum from long and now i thought of sharing my views about Geppy...

please comment if this picture makes any sense to any of you... ( or even if does not)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.H4.png Size: 32 KB
  • #15,811
  • Nov 9, 2014 5:24pm Nov 9, 2014 5:24pm
Quoting MudraGuru
Hello Everyone, I have been reading this forum from long and now i thought of sharing my views about Geppy... please comment if this picture makes any sense to any of you... ( or even if does not) {image}

That image would work for me, pretty much what Im looking for and Ray's optimal short tp would make me happy before turning north towards 195.
  • #15,812
  • Nov 10, 2014 1:56am Nov 10, 2014 1:56am
What's people's bias for today?

I'm looking to short on the break of the H&S Top on the 4HR. With a TP at 22nd Sept high around 178.33. SL at pin high. w/ trailing stop 100 pips
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #15,813
  • Nov 10, 2014 2:06am Nov 10, 2014 2:06am
Quoting FX-Ray
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." -Aristotle
My number 1 very favorite quote!
Ghost Rider - WWTBMD?
  • #15,814
  • Nov 10, 2014 2:09am Nov 10, 2014 2:09am
Good morning. Think I am going to a add a short here in DP. Either it goes through or out for a few. It rhymes, and what rhymes is good LOL
Fix up, trade sharp ...
  • #15,815
  • Nov 10, 2014 2:17am Nov 10, 2014 2:17am
Quoting FXCyborg
What's people's bias for today? I'm looking to short on the break of the H&S Top on the 4HR. With a TP at 22nd Sept high around 178.33. SL at pin high. w/ trailing stop 100 pips
Are you saying the H&S in H1 chart as I saw ? Break 181.00 will be necessory.
Believe what you see instead of what you think!
  • #15,816
  • Nov 10, 2014 2:26am Nov 10, 2014 2:26am
Key levels on the 1H to break and test for further south IMHO.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 41 KB

180.680 also carries through to the 4H
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 44 KB
Ghost Rider - WWTBMD?
  • #15,817
  • Edited 4:23am Nov 10, 2014 2:58am | Edited 4:23am
Hey all. Yet another week begins.

Looking like it's moving bearish for a bit. It's been testing the zone of 181.38/18 for a couple of days now. If it breaks (which seems likely with the amount of piercing going on), then a move down towards another zone at 180.62/42 would be the next target. There's a few more targets below that if the move continues bear.

Z1: 181.38/18
Z2: 180.62/42
Z3: 180.14/179.94
Z4: 179.65/45
Z5: 178.88/68

Take what I say with a grain of salt of course, I'm trying this method out this week. FX-Ray definitely knows what's going on with his long-term decision points for sure.

I've just been trying out something similar for more short-term oriented gains for the past week, and want to see if these zones bear some significance as this week plays out.

Best of luck to all, and hope we take more from the market, than the market takes from us.

edit: I should also add the ones north of the current zone in the case it goes bull for a bit

Z1: 181.99/79
Z2: 182.64/44
Z3: 183.35/15
  • #15,818
  • Nov 10, 2014 4:25am Nov 10, 2014 4:25am
Quoting 4xNewGuy
Hey all. Yet another week begins. Looking like it's moving bearish for a bit. It's been testing the zone of 181.38/18 for a couple of days now. If it breaks (which seems likely with the amount of piercing going on), then a move down towards another zone at 180.62/42 would be the next target. There's a few more targets below that if the move continues bear. Z1: 181.38/18 Z2: 180.62/42 Z3: 180.14/179.94 Z4: 179.65/45 Z5: 178.88/68 Take what I say with a grain of salt of course, I'm trying this method out this week. FX-Ray definitely knows what's going...
Nice, may I ask what by what approach you define them?
  • #15,819
  • Nov 10, 2014 4:42am Nov 10, 2014 4:42am
Thank you for the DPs Fx-Ray! Noted and will keep on updating any positions.

At the minute I am flat. This week we can see some moves with BoE Inflation report and Carney speaking on Wednesday. I am expecting a move lower, that is what I think most of us think! So lets see, will keep a close eye on DPs for any action and will keep updating here.
  • #15,820
  • Nov 10, 2014 5:19am Nov 10, 2014 5:19am
Quoting workingforex
Thank you for the DPs Fx-Ray! Noted and will keep on updating any positions. At the minute I am flat. This week we can see some moves with BoE Inflation report and Carney speaking on Wednesday. I am expecting a move lower, that is what I think most of us think! So lets see, will keep a close eye on DPs for any action and will keep updating here.
You´re welcome. Good luck!
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