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Geppy's Geppy Thread (GBP/JPY)

  • #15,841
  • Edited 4:19am Nov 11, 2014 2:44am | Edited 4:19am
current view

It failed to test both DPs, up and down, Current DP 183.40/20 acts as pivot.
I think the decision will be made here for another test or break of 184.30 & 181.10(daily high and low);

Anyway rejection of 183.70 of 1/4 way to DP 185.00/84.80

Add: noticeable is that these failures happend on halfways
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  • #15,842
  • Nov 11, 2014 2:51am Nov 11, 2014 2:51am
Quoting FX-Ray
current view It failed to test both DPs, up and down, Current DP 183.40/20 acts as pivot. I think the decision will be madehere for another test or break of 184.30 & 181.10; Anyway rejection of 183.70 of 1/4 way to DP 185.00/84.80 {image}
Good morning Ray,

Very true, I think with today holiday being observed in many countries, we might see some moves up and down, will try to careful today with the moves. Today unless it seems very tempting and is at the point where I want to see it, DP 6 or below, will just watch.
  • #15,843
  • Nov 11, 2014 2:52am Nov 11, 2014 2:52am
Seems the zone I was seeing at 183.35/15 has flipped. It's now 183.55/53. It was a little sketchy during that big rush last week during the asian session so it was trickier than usual to try and figure out. Just going to hold on to my longs right now, and wait and see if it reverses, or just stays in this area then new york has its way with it.
  • #15,844
  • Nov 11, 2014 2:55am Nov 11, 2014 2:55am
Quoting FX-Ray
current view It failed to test both DPs, up and down, Current DP 183.40/20 acts as pivot. I think the decision will be madehere for another test or break of 184.30 & 181.10(daily high and low); Anyway rejection of 183.70 of 1/4 way to DP 185.00/84.80 Add: noticeable is that these failures happend on halfways {image}
hourly
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  • #15,845
  • Nov 11, 2014 2:56am Nov 11, 2014 2:56am
Quoting 4xNewGuy
Seems the zone I was seeing at 183.35/15 has flipped. It's now 183.55/53. It was a little sketchy during that big rush last week during the asian session so it was trickier than usual to try and figure out. Just going to hold on to my longs right now, and wait and see if it reverses, or just stays in this area then new york has its way with it.
Morning 4x,

you mind making a map of your points?
  • #15,846
  • Nov 11, 2014 2:58am Nov 11, 2014 2:58am
Quoting Hickson
Good morning. Way too unclear for me. Was stopped out of shorts twice yesterday and it just pushed through the upper DPs just to stop a bit over there ... who is able to trade this?
I have placed my sell limit order @ 183.57 A quick look at the 15 min candle we see a candle that both engulfs the preceding candle and closes below it. Essentially a reversal and a confirmation all at the same damn time... (my best candle pattern) only problem is that its big and we have to hope the train comes back to pick us up. GL
  • #15,847
  • Nov 11, 2014 2:59am Nov 11, 2014 2:59am
Quoting workingforex
{quote} Good morning, Yes I also was stopped out twice trying to shorting this beast, still moving up and down DP, would rather wait. You need a lot of patience if you trying to ride this dragon.
But WHEN you ride ...
Fix up, trade sharp ...
  • #15,848
  • Nov 11, 2014 2:59am Nov 11, 2014 2:59am
Quoting FX-Ray
{quote} hourly {image}


15M -
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Ghost Rider - WWTBMD?
  • #15,849
  • Nov 11, 2014 3:00am Nov 11, 2014 3:00am
Quoting FX-Ray
{quote} hourly {image}
2 ideas
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  • #15,850
  • Nov 11, 2014 3:02am Nov 11, 2014 3:02am
The Pin High will get hit first before it decides to come down.


Quoting FX-Ray
{quote} 2 ideas {image}
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #15,851
  • Nov 11, 2014 3:02am Nov 11, 2014 3:02am
Quoting albchr
{quote} 15M - {image}
Im looking at fibos and have no I idea, again
  • #15,852
  • Nov 11, 2014 3:02am Nov 11, 2014 3:02am
Quoting FXCyborg
The Pin High will get hit first before it decides to come down. {quote}
And what if not?
  • #15,853
  • Nov 11, 2014 3:04am Nov 11, 2014 3:04am
Quoting IveGotQuads
{quote} I have placed my sell limit order @ 183.57 A quick look at the 15 min candle we see a candle that both engulfs the preceding candle and closes below it. Essentially a reversal and a confirmation all at the same damn time... (my best candle pattern) only problem is that its big and we have to hope the train comes back to pick us up. GL
Plus a long upper wick could potentially indicate a reversal ... but with this monster you never know ... GL to you as well!
Fix up, trade sharp ...
  • #15,854
  • Nov 11, 2014 3:05am Nov 11, 2014 3:05am
Quoting FX-Ray
{quote} Im looking at fibos and have no I idea, again
LOL .. You don't need to. What you do works very well. Screw Fibos!
Ghost Rider - WWTBMD?
  • #15,855
  • Nov 11, 2014 3:07am Nov 11, 2014 3:07am
Quoting albchr
{quote} LOL .. You don't need to. What you do works very well. Screw Fibos!
I think it depends who uses them, Schickeria is pretty good with them as much as Ive seen. Its just not my style tho, too bad
  • #15,856
  • Nov 11, 2014 3:08am Nov 11, 2014 3:08am
Quoting FX-Ray
{quote} Im looking at fibos and have no I idea, again
Always funny how good traders say: "I do not know about that ... " Clearly indicates to me that all these fancy TA tools are heavily overestimated.
Fix up, trade sharp ...
  • #15,857
  • Nov 11, 2014 3:09am Nov 11, 2014 3:09am
Quoting FX-Ray
{quote} I think it depends who uses them, Schickeria is pretty good with them as much as Ive seen. Its just not my style tho, too bad
He is the master of Fibo ... I think only gatorinla is playing at the same league with this here.
Fix up, trade sharp ...
  • #15,858
  • Nov 11, 2014 3:14am Nov 11, 2014 3:14am
Quoting FX-Ray
{quote} I think it depends who uses them, Schickeria is pretty good with them as much as Ive seen. Its just not my style tho, too bad
As it is with any approach. For me? Fibos =
Ghost Rider - WWTBMD?
  • #15,859
  • Nov 11, 2014 3:22am Nov 11, 2014 3:22am
there's no "If not", its a case of "when"

There's orders up there to be filled, they're not going to leave their money up there for long.

Quoting FX-Ray
{quote} And what if not?
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #15,860
  • Nov 11, 2014 3:28am Nov 11, 2014 3:28am
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}
Well done. Effective use of basic fibs and wave length measuring - the most simple use of tools available - including stuff that's freely available on the internet.

FYI, at the moment it appears to be in 5 of 3 (or JUST MAYBE) 3 of 5. Anyway, I expect a marginal new high and, after a fall back, a top probably not past 187.5.
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