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Geppy's Geppy Thread (GBP/JPY)

  • #15,881
  • Nov 11, 2014 4:11am Nov 11, 2014 4:11am
Quoting Schickeria
{quote} USDJPY hit on the pip also http://www.forexfactory.com/showthre...67#post7861767
next USDJPY 116.199
next GBPJPY 184.169

if targets don't hold
  • #15,882
  • Nov 11, 2014 4:15am Nov 11, 2014 4:15am
Quoting FX-Ray
{quote} Nice, IŽd like to give u an advice: Dont backtest them rather forwardtest them. Then analyse, adapt and repeat.
Sounds good man. Because frankly, I'm not sure if the zones from 2008 would hold up now.
  • #15,883
  • Nov 11, 2014 4:15am Nov 11, 2014 4:15am
Quoting 4xNewGuy
{quote} Sounds good man. Because frankly, I'm not sure if the zones from 2008 would hold up now.
Well who knows anyway? Nobody!
  • #15,884
  • Nov 11, 2014 4:31am Nov 11, 2014 4:31am
I know trading is not about hoping but .. please not again ...
Attached Image (click to enlarge)
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Fix up, trade sharp ...
  • #15,885
  • Nov 11, 2014 4:35am Nov 11, 2014 4:35am
Quoting Hickson
I know trading is not about hoping but .. please not again ... {image}
Ok look, if we see some momentum at 70ish to the downside get at BE as soon as possible if not rather bail and wait for 185.00/84.80 or 183.40/20. Possible stop for your trade 184.10 + Spread because if it fails to print 184.10 your chances are moderate.

Add: If you got stopped out too many times for one direction, just pick the opposite, I know its easy said.
Recommended read: http://www.forexfactory.com/showthre...29#post7309429
  • #15,886
  • Nov 11, 2014 4:42am Nov 11, 2014 4:42am
Quoting FX-Ray
{quote} Ok look, if we see some momentum at 70ish to the downside get at BE as soon as possible if not rather bail and wait for 185.00/84.80 or 183.40/20. Possible stop for your trade 184.10 + Spread because if it fails to print 184.10 your chances are moderate. Add: If you got stopped out too many times for one direction, just pick the opposite, I know its easy said. Recommended read: http://www.forexfactory.com/showthre...29#post7309429
... Sound advice.
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Click to Enlarge Name: GBPJPYM15.png Size: 49 KB
Ghost Rider - WWTBMD?
  • #15,887
  • Nov 11, 2014 4:59am Nov 11, 2014 4:59am
Quoting albchr
{quote} ... Sound advice. {image}
I hope it is, thats what I would do if I feel uneasy about a position. Rather get out at BE then to take a loss if it exposes you are wrong.
  • #15,888
  • Nov 11, 2014 5:04am Nov 11, 2014 5:04am
Quoting FX-Ray
{quote} I hope it is, thats what I would do if I feel uneasy about a position. Rather get out at BE then to take a loss if it exposes you are wrong.
Absolutely. especially when playing the CT bounces.
Ghost Rider - WWTBMD?
  • #15,889
  • Nov 11, 2014 5:08am Nov 11, 2014 5:08am
Quoting albchr
{quote} Absolutely. especially when playing the CT bounces.
Yes kinda feel bad because I might be the reason, he followed me, I think I gonna stop posting positions.
  • #15,890
  • Nov 11, 2014 5:32am Nov 11, 2014 5:32am
Quoting shivam332
I will be looking to buy this pair next week. {image}
updated sl in profit and now waiting for projected target to hit
Money never sleeps I can hear the dollar calling me
  • #15,891
  • Nov 11, 2014 5:37am Nov 11, 2014 5:37am
Quoting FX-Ray
{quote} Yes kinda feel bad because I might be the reason, he followed me, I think I gonna stop posting positions.
I used to post mine in my journal as soon as I took them. When I noticed it was being followed more I stopped posting them "right away" just for that reason. I'm not always right of course and I don't want others trading my trades. Even if I was always right they can't know "how" I trade them anyway.

But one thing I also know for sure. Learning NOT to follow others is a necessary step in the process. It's human nature to want to win and I'd be willing to bet just about everyone learning this business has followed others at one point or another. I know I did in the beginning. Taught me a valuable lesson very quickly that I'll not soon forget.
Ghost Rider - WWTBMD?
  • #15,892
  • Nov 11, 2014 5:43am Nov 11, 2014 5:43am
Quoting albchr
{quote} I used to post mine in my journal as soon as I took them. When I noticed it was being followed more I stopped posting them "right away" just for that reason. I'm not always right of course and I don't want others trading my trades. Even if I was always right they can't know "how" I trade them anyway. But one thing I also know for sure. Learning NOT to follow others is a necessary step in the process. It's human nature to want to win and I'd be willing to bet just about everyone learning this business has followed others at one point...
Yes indeed it is. Even the most important one.
  • #15,893
  • Nov 11, 2014 5:46am Nov 11, 2014 5:46am
Quoting FX-Ray
{quote} Yes indeed it is. Even the most important one.
Amen!
Ghost Rider - WWTBMD?
  • #15,894
  • Nov 11, 2014 5:50am Nov 11, 2014 5:50am
Shorted the Geppy at around 181.75 - sitting with major loss now

What do you guys think?
  • #15,895
  • Nov 11, 2014 5:56am Nov 11, 2014 5:56am
Quoting BenderTrader
Shorted the Geppy at around 181.75 - sitting with major loss now What do you guys think?
Sad to hear that
This is my view on this pair, but maybe we could see 182 before big up.
http://www.forexfactory.com/showthre...15#post7857315
Money never sleeps I can hear the dollar calling me
  • #15,896
  • Nov 11, 2014 5:59am Nov 11, 2014 5:59am
Quoting BenderTrader
Shorted the Geppy at around 181.75 - sitting with major loss now What do you guys think?
Never let losers run.. never.

If it is unable to test 185.00/84.80 again, like 184.30 (2014.11.06) and see stong momentum at 183.40/20 you might get a chance to get out for BE or even take profit at 179.80/60 if it continue. Above 185.00 I dont know, anything can happen. I wouldnt let it run until your account is done. Good luck.
  • #15,897
  • Nov 11, 2014 6:10am Nov 11, 2014 6:10am
Nearly stopped out again during the research meeting ... it will not be a huge loss, but the problem is that 20 * bad trade is still a major loss if this continues. I do not let my losers run now, but the winning % is down a lot! Well, was expected ... change is never easy.
Fix up, trade sharp ...
  • #15,898
  • Nov 11, 2014 6:17am Nov 11, 2014 6:17am
Quoting Hickson
Nearly stopped out again during the research meeting ... it will not be a huge loss, but the problem is that 20 * bad trade is still a major loss if this continues. I do not let my losers run now, but the winning % is down a lot! Well, was expected ... change is never easy.
Hm, seems your trade-interval is too short.
  • #15,899
  • Nov 11, 2014 6:18am Nov 11, 2014 6:18am
Quoting FX-Ray
{quote} Hm, seems your trade-interval is too short.
And yes - trade less, win more.
Fix up, trade sharp ...
  • #15,900
  • Nov 11, 2014 6:20am Nov 11, 2014 6:20am
Quoting BenderTrader
Shorted the Geppy at around 181.75 - sitting with major loss now What do you guys think?
What % of your account does that represent? If I may ask that is.
Ghost Rider - WWTBMD?
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