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Geppy's Geppy Thread (GBP/JPY)

  • #15,981
  • Nov 12, 2014 3:12am Nov 12, 2014 3:12am
Quoting FX-Ray
{quote} Sir yes sir! Newsrelease: IŽd love to see a spike up to the high and a immediate rejection + sell off.
chart [attach]1548283
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gbus hope it follows in at 5925
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  • #15,982
  • Nov 12, 2014 3:24am Nov 12, 2014 3:24am
Quoting elbert3
{quote} chart {image} gbus hope it follows in at 5925 {image}
news coming locked in 22 pips watch the blue box areas
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  • #15,983
  • Nov 12, 2014 3:29am Nov 12, 2014 3:29am
t-minus 1m
  • #15,984
  • Nov 12, 2014 3:30am Nov 12, 2014 3:30am
Quoting FX-Ray
t-minus 1m
break this mornings high 6100
  • #15,985
  • Nov 12, 2014 3:32am Nov 12, 2014 3:32am
Mixed news, but I'd say it's slightly in favor of bears for the intraday, given that we've never had any significant corrections despite new highs. My plan is as follows: if the geppy goes to today's highs, I'll just short it from there.

What do you guys think?
  • #15,986
  • Nov 12, 2014 3:32am Nov 12, 2014 3:32am
Wow, NO IDEA what happened there. Set a pending buy for 183.500. 4:30 hits, it drops a bit, then moves up and hits my position...

BUT opens my position down at 183.28. For some reason, the market just gifted me 22 pips...
  • #15,987
  • Nov 12, 2014 3:37am Nov 12, 2014 3:37am
Quoting 4xNewGuy
Wow, NO IDEA what happened there. Set a pending buy for 183.500. 4:30 hits, it drops a bit, then moves up and hits my position... BUT opens my position down at 183.28. For some reason, the market just gifted me 22 pips...
well done but i found in the past that trading way could back fire and wipe out the 2 trades ,,
  • #15,988
  • Nov 12, 2014 3:37am Nov 12, 2014 3:37am
Quoting Vermillion
Mixed news, but I'd say it's slightly in favor of bears for the intraday, given that we've never had any significant corrections despite new highs. My plan is as follows: if the geppy goes to today's highs, I'll just short it from there. What do you guys think?
It's tough. Initially I was thinking bear. We had a 130 pip drop from the high point of the bull charge. That's enough to consider it the start of an intraday bear move IMO. But seeing how the market just won't let go of 183.450, I'm not so sure anymore.

At any rate, lots of news, so I'm waiting until the dust has settled before I make any moves that last longer than 15 minutes.
  • #15,989
  • Nov 12, 2014 3:39am Nov 12, 2014 3:39am
I will try to give my view of the news release, Claimant count was lower than expected but Earning and wages have been one of the main concern for BoE, unemployment is still within range of 6%, so overall I think, it is good for UK (just my view, may be wrong). Better earning is a good sign and we might see some up-tick in GU and GJ.

But again I am flat on GJ, watching Decision Points as posted by FX-Ray, watching GU closely. Though I would drop my 2 cent! What do you all think.
  • #15,990
  • Nov 12, 2014 3:40am Nov 12, 2014 3:40am
Quoting elbert3
{quote} well done but i found in the past that trading way could back fire and wipe out the 2 trades ,,
Oh yeah it's risky. Sometimes it can backfire and give me a loss. But I have never seen a broker that takes my trade, goes back in time, and gives me a better opening position.

I better send them a christmas card for this one.
  • #15,991
  • Nov 12, 2014 3:47am Nov 12, 2014 3:47am
Quoting 4xNewGuy
{quote} Oh yeah it's risky. Sometimes it can backfire and give me a loss. But I have never seen a broker that takes my trade, goes back in time, and gives me a better opening position. I better send them a christmas card for this one.
i was pp out plus 22 on both pairs waiting to see next trade ,,might long gbj,??? see what my set up looks like
  • #15,992
  • Nov 12, 2014 3:54am Nov 12, 2014 3:54am
Quoting workingforex
I will try to give my view of the news release, Claimant count was lower than expected but Earning and wages have been one of the main concern for BoE, unemployment is still within range of 6%, so overall I think, it is good for UK (just my view, may be wrong). Better earning is a good sign and we might see some up-tick in GU and GJ. But again I am flat on GJ, watching Decision Points as posted by FX-Ray, watching GU closely. Though I would drop my 2 cent! What do you all think.

What coincidence, just wanted to post something regarding DPs.

Update calendar week 46 GBP/JPY:

(1) 192.80/60 (six-sigma-event)
(2) 188.60/40
(3) 186.80/60
(4) 184.40/20
(5) 183.00/82.80
(6) 179.20/00
(7) 176.20/00
(8) 172.80/60
(9) 169.80/60
(10) 166.80/60
(11) 160.80/60 (six-sigma-event)

Last days made significant changes in sentiment thats why I updated them before this Sunday. These are up to date. Time, Range and Volatility are considered.
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  • #15,993
  • Nov 12, 2014 4:02am Nov 12, 2014 4:02am
Quoting FX-Ray
{quote} What coincidence, just wanted to post something regarding DPs. Update calendar week 46 GBP/JPY: (1) 192.80/60 (six-sigma-event) (2) 188.60/40 (3) 186.80/60 (4) 184.40/20 (5) 183.00/82.80 (6) 179.20/00 (7) 176.20/00 (8) 172.80/60 (9) 169.80/60 (10) 166.80/60 (11) 160.80/60 (six-sigma-event) Last days made significant changes in sentiment thats why I updated them before this Sunday. These are up to date. Time, Range and Volatility are considered. {image}
DP 5 seems to be getting all the attention at the minute, we have been piercing from above, do we take that as it becoming a bit of a resistance at the minute. Ideally I would like to see lower levels, probably a visit to DP 6 and below but 'Market will do what Market has to do.'

PS Add: Nice work on EU. Well done!
  • #15,994
  • Nov 12, 2014 4:02am Nov 12, 2014 4:02am
Quoting FX-Ray
{quote} What coincidence, just wanted to post something regarding DPs. Update calendar week 46 GBP/JPY: (1) 192.80/60 (six-sigma-event) (2) 188.60/40 (3) 186.80/60 (4) 184.40/20 (5) 183.00/82.80 (6) 179.20/00 (7) 176.20/00 (8) 172.80/60 (9) 169.80/60 (10) 166.80/60 (11) 160.80/60 (six-sigma-event) Last days made significant changes in sentiment thats why I updated them before this Sunday. These are up to date. Time, Range and Volatility are considered. {image}
is it the possible to go under the line?? 159 etc
  • #15,995
  • Nov 12, 2014 4:04am Nov 12, 2014 4:04am
Quoting elbert3
{quote} is it the possible to go under the line?? 159 etc
feels like a small move and drop ,, cant put my finger on it thou ????
  • #15,996
  • Nov 12, 2014 4:05am Nov 12, 2014 4:05am
Quoting workingforex
{quote} DP 5 seems to be getting all the attention at the minute, we have been piercing from above, do we take that as it becoming a bit of a resistance at the minute. Ideally I would like to see lower levels, probably a visit to DP 6 and below but 'Market will do what Market has to do.' PS Add: Nice work on EU. Well done!
Offtopic!

I bailed out at 64ish, took +65; I tried a long at below 35ish. Hope she let me get 65 or 95; if not ill get me out for 10

Pic: M15
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  • #15,997
  • Nov 12, 2014 4:08am Nov 12, 2014 4:08am
Quoting elbert3
{quote} is it the possible to go under the line?? 159 etc
Yes but that would be a six-sigma-event, probability: 0.000001% (crisis etc.)
  • #15,998
  • Nov 12, 2014 4:12am Nov 12, 2014 4:12am
Quoting FX-Ray
{quote} Yes but that would be a six-sigma-event, probability: 0.000001% (crisis etc.)
I post them for the sake of completeness, I mean you never know...
  • #15,999
  • Nov 12, 2014 4:23am Nov 12, 2014 4:23am
Quoting FX-Ray
{quote} Offtopic! I bailed out at 64ish, took +65; I tried a long at below 35ish. Hope she let me get 65 or 95; if not ill get me out for 10 Pic: M15 {image}
tested the intermediate-daily low at 55ish, if it prints 45 im out for 10
  • #16,000
  • Nov 12, 2014 4:26am Nov 12, 2014 4:26am
Quoting FX-Ray
{quote} Yes but that would be a six-sigma-event, probability: 0.000001% (crisis etc.)
Hi, I had to google what six-sigma is lol ...
Fix up, trade sharp ...
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