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Geppy's Geppy Thread (GBP/JPY)

  • #16,021
  • Edited 5:14am Nov 12, 2014 4:59am | Edited 5:14am
Quoting Hickson
Long 183.11, risk not so high with SL 182.61
I couldn't resist either with a tight Stop.
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  • #16,022
  • Nov 12, 2014 4:59am Nov 12, 2014 4:59am
Quoting hickson
{quote} probably ... So many traders and systems out there. That is why nobody can just teach you a winning system i guess. It will work for them, but only for them in most cases. So i will have to continue my way to the jungle for a bit more to create one for myself from all the pieces flying around.
you tube ,that is how i learn tls i draw on the high or low the take the line to the next high or low on any time chart ,,
  • #16,023
  • Nov 12, 2014 5:00am Nov 12, 2014 5:00am
Quoting Hickson
{quote} Nice catch ...
If this blows through the high at 95ish then SL = 85 and TP = 1.2555 (I know I know, let me )
  • #16,024
  • Nov 12, 2014 5:02am Nov 12, 2014 5:02am
Quoting workingforex
{quote} I couldn't resist either with a tight Stop. {image}
Optimally IŽd like to get 80ish and below but lets wait for now
  • #16,025
  • Nov 12, 2014 5:06am Nov 12, 2014 5:06am
Quoting FX-Ray
{quote} Optimally IŽd like to get 80ish and below but lets wait for now
Did you not say that you only want to trade in DP? So you want to wait for a test of the 80s and then trade in DP?

Btw, U/J is at support, but it does not look strong atm, at least to me ...
Fix up, trade sharp ...
  • #16,026
  • Nov 12, 2014 5:07am Nov 12, 2014 5:07am
Quoting hickson
{quote} don't know about all the lines ....
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plain 1 hour bottom then next wick gives you a line then you see price move out,, and top next wick draw your line ,, and so on,, thats only my way,, and does not always work because there could be r/s outside the lines but you look for them,,, hope this helps,, i am no pro,,,just plain you tube trader lol gl
  • #16,027
  • Nov 12, 2014 5:09am Nov 12, 2014 5:09am
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profit taking area
  • #16,028
  • Nov 12, 2014 5:10am Nov 12, 2014 5:10am
Quoting elbert3
{quote} {image} plain 1 hour bottom then next wick gives you a line then you see price move out,, and top next wick draw your line ,, and so on,, thats only my way,, and does not always work because there could be r/s outside the lines but you look for them,,, hope this helps,, i am no pro,,,just plain you tube trader lol gl
I see ... so basically trendlines on low timeframes for scalping ... well, why not. youtube trader LOL
Fix up, trade sharp ...
  • #16,029
  • Nov 12, 2014 5:10am Nov 12, 2014 5:10am
Quoting Hickson
{quote} Did you not say that you only want to trade in DP? So you want to wait for a test of the 80s and then trade in DP? Btw, U/J is at support, but it does not look strong atm, at least to me ...
Jep thats what I said and I consider ATR too. I dont want get early in, I want the best possible price.
  • #16,030
  • Nov 12, 2014 5:14am Nov 12, 2014 5:14am
Ok, forget about the longs for now lol
Fix up, trade sharp ...
  • #16,031
  • Nov 12, 2014 5:14am Nov 12, 2014 5:14am
Quoting workingforex
{quote} I couldn't resist either with a tight Stop. {image}

That did not last very long, will try once more near 182.52 with tight stop again!
  • #16,032
  • Nov 12, 2014 5:15am Nov 12, 2014 5:15am
Quoting IveGotQuads
Back in the long seat @ 183.54 25 pips of the lows of the pin bar and 30 pips combined SL I don't think we could have had a better entry (20 pip Stop loss) here as the bulls are basically preventing price from dropping below 183.50 but I don't know, with lower highs progressing and multiple touches on support ( 6 to be exact) I will have to reassess. If momentum doesn't break 184.36 might be dumping this position and look for a break out to the lows. {image}
Ignoring the temptation to short @ 183.75 Patience pays off, with all the effort the bulls made price wasn't able to gather steam. Entry after the pull back continuation at the break @ 183.03 Classic descending triangle, lets see how far it goes down.
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  • #16,033
  • Nov 12, 2014 5:15am Nov 12, 2014 5:15am
Quoting hickson
{quote} i see ... So basically trendlines on low timeframes for scalping ... Well, why not. Youtube trader lol
any time frame this is now the expanded chart on the left you can see the start or bottom,price has gone up and come down then gone up so 2nd line this now gives you a potential target for any more drops,, or break out,, watch to see if it breaks
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  • #16,034
  • Nov 12, 2014 5:19am Nov 12, 2014 5:19am
seeing nice sell off so far, currently at 182.51 from 183.02 short entry
  • #16,035
  • Nov 12, 2014 5:20am Nov 12, 2014 5:20am
Quoting hickson
ok, forget about the longs for now lol
this gold is start of tl,,,if,,,if,the price can get into the bottom tl,,,potential
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to go to the 1200 top line,,,we will keep this for future ,,lol dont trade it if you dont see it thou,, i get it wrong ,,,
  • #16,036
  • Nov 12, 2014 5:27am Nov 12, 2014 5:27am
Quoting IveGotQuads
{quote} Ignoring the temptation to short @ 183.75 Patience pays off, with all the effort the bulls made price wasn't able to gather steam. Entry after the pull back continuation at the break @ 183.03 Classic descending triangle, lets see how far it goes down. {image}
If its able to take out the stops below 181 you got good odds for 179.20/00; Nice trade!
  • #16,037
  • Nov 12, 2014 5:27am Nov 12, 2014 5:27am
Quoting hickson
ok, forget about the longs for now lol
i bet your sorry you mentioned the lines lol my friend quads will be going mad he like clean charts,,,regards quads ,,,,lol even as far back as this one if it breaks the support then it gives a potential target ,,,,last one here endeth the lesson,,lol regards billy
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  • #16,038
  • Nov 12, 2014 5:30am Nov 12, 2014 5:30am
Quoting elbert3
{quote} i bet your sorry you mentioned the lines lol my friend quads will be going mad he like clean charts,,,regards quads ,,,,lol even as far back as this one if it breaks the support then it gives a potential target ,,,,last one here endeth the lesson,,lol regards billy 1548483

Hahaha I was about to start cursing like ELBERT clean your damn charts !!!! jeez .... but its all good known you for a long time now. Hows the family ?
  • #16,039
  • Nov 12, 2014 5:33am Nov 12, 2014 5:33am
Quoting FX-Ray
{quote} If its able to take out the stops below 181 you got good odds for 179.20/00; Nice trade!
Thanks , nothing is set in stone. Just make a plan and stick to it and learn from it. I see some bulls picking up the orders so already moved SL to BE . That's all I can do for now
  • #16,040
  • Nov 12, 2014 5:34am Nov 12, 2014 5:34am
Quoting IveGotQuads
{quote} Thanks , nothing is set in stone. Just make a plan and stick to it and learn from it. I see some bulls picking up the orders so already moved SL to BE . That's all I can do for now
Indeed, good luck!
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