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Geppy's Geppy Thread (GBP/JPY)

  • #16,121
  • Nov 12, 2014 8:26am Nov 12, 2014 8:26am
Quoting FX-Ray
{quote} I´d like to see this {image}
I could live with that Ray.

Anyway, we seem to have hit a lull here. Just as well as I have to get my day moving. Flat across the board now and unless I see something obvious on a walk by, will likely stay that way today. I'll pop in when I can.

Have a wonderful day everyone.
Ghost Rider - WWTBMD?
  • #16,122
  • Nov 12, 2014 8:26am Nov 12, 2014 8:26am
Quoting Mr. Scott
{quote} That is bounce pattern, prefer tbt. Or need more info.
Above 183.00/82.80 its 184.40/20
Below 183.00/82.80 its 179.20/00

imho
  • #16,123
  • Nov 12, 2014 8:28am Nov 12, 2014 8:28am
Quoting albchr
{quote} I could live with that Ray. Anyway, we seem to have hit a lull here. Just as well as I have to get my day moving. Flat across the board now and unless I see something obvious on a walk by, will likely stay that way today. I'll pop in when I can. Have a wonderful day everyone.
This remembers me at the '40ish' recently as ally mentioned there is a 76.4% level, I cant find the post, Ill check later if I can find it. Had a Déjà-vu on this one.

Add: Anyway, its going so far. Have a wonderful day too Sir!
Add(2): Im off for a break, laters
  • #16,124
  • Nov 12, 2014 8:39am Nov 12, 2014 8:39am
Quoting FX-Ray
{quote} This remembers me at the '40ish' recently as ally mentioned there is a 76.4% level, I cant find the post, Ill check later if I can find it. Had a Déjà-vu on this one. Add: Anyway, its going so far. Have a wonderful day too Sir! Add(2): Im off for a break, laters
Close enough?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily1112.jpg Size: 178 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #16,125
  • Nov 12, 2014 8:40am Nov 12, 2014 8:40am
Quoting Mr. Scott
{quote} Close enough? {image}
Looks great!
  • #16,126
  • Nov 12, 2014 10:58am Nov 12, 2014 10:58am
Quoting delpiero
{quote} Hi Quads, I am just a rookie actually, I learn many things from posts here like yours. But I have a feeling that we will go 179,50-180 before next jump. I trade according to daily and H4. When I look at daily, I think that it should go down. Ok, USD is gaining power and JPY is going down the situation was same for the last 3 years. And I didnt see 2 big jumps in 1-2 months during this 3 years.
sorry for the late reply but yeah I see what you mean. I left my trade @ breakeven and left Take profit open, I dont know where this will go so Ill let the market decide. We can never truly tell anything in Fx market especially where price is going , all we can deicide is our risk and thats the next level I am trying to attain. presently at work so it helps take my mind trying to baby my positions. Yall full time traders amaze me I would have taken the 100 pip profit if I was at home.
  • #16,127
  • Nov 12, 2014 12:01pm Nov 12, 2014 12:01pm
5 pip SL and 120 pip target of around 183.5

R:R of 1:24
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 40 KB
  • #16,128
  • Nov 12, 2014 1:09pm Nov 12, 2014 1:09pm
So anybody with an open sell position still in the game ??
  • #16,129
  • Nov 12, 2014 1:16pm Nov 12, 2014 1:16pm
Quoting IveGotQuads
So anybody with an open sell position still in the game ??
hey... i have a small sell @182.46 and @182.18.... i am expecting it to post a price around 181.60 before going for 3rd wave of 5th wave ( which was started from 181.07)
  • #16,130
  • Nov 12, 2014 1:51pm Nov 12, 2014 1:51pm
Quoting IveGotQuads
So anybody with an open sell position still in the game ??

yes pyramid running,stops above the high
  • #16,131
  • Nov 12, 2014 2:09pm Nov 12, 2014 2:09pm
Nice, seems we have a healthy dose of shorts. We are making lower highs on coorelating pairs like Usd/jpy and Eur/Jpy on the 1hrly. If this prints a daily low below 181.70 a lot of Stop losses will be triggered, more power to the bears. Will be paying attention to the Asian session to add to the position if the opportunity arises. I like the weekly candle bar forming, might be the start of a retrace perhaps to the 50fib from 168. Not a bad trade if you catch it. goodluck
  • #16,132
  • Nov 12, 2014 2:12pm Nov 12, 2014 2:12pm
Wow, okay, now I'm lonely. Am I the only one trying to grab pips on 1 minute chart with long trade now? I had to TP, as price started to fizzle...

Re-entered long with another tight SL, but will change to short, if I see lower boundaries being pushed again. Currently, upper boundaries are pushed, which gives me the long bias. But of course, that could change pretty quick, so will be watching.
  • #16,133
  • Nov 12, 2014 2:33pm Nov 12, 2014 2:33pm
Quoting benaiah
Wow, okay, now I'm lonely. Am I the only one trying to grab pips on 1 minute chart with long trade now? I had to TP, as price started to fizzle... Re-entered long with another tight SL, but will change to short, if I see lower boundaries being pushed again. Currently, upper boundaries are pushed, which gives me the long bias. But of course, that could change pretty quick, so will be watching.
Might get some temporary push up with profit taking end of US session but cant call it because funddies can change anything. Anybody have some insights into the fundamentals, seems the retailers who rushed into stocks at that 10% correction month ago will be carrying the "brown bag of shit" when the music stops and it becomes a full blown correction. Nikkei is up which coorelates with this as well albeit I thought inversely. Stocks/Commodities are down accross the board. Safe haven currencies tend to pick up steam.
  • #16,134
  • Nov 12, 2014 2:53pm Nov 12, 2014 2:53pm
Well, for me, probably trading on a different time frame than most, but until price shows it can stay under 182.37 I will remain long, and targeting 183.50ish area.

If price falls under 182.37 and shows me that it has rejected it downwardly, then I will be short...

Edit: of course this is best case, but I expect I may need to TP sooner (again), unless a decisive breakout up. And I do expect price to go to 181.60 area eventually in agreement with prior posts...
  • #16,135
  • Nov 12, 2014 3:14pm Nov 12, 2014 3:14pm
Sometimes I get tunnel vision, and forget to look at the daily chart. But as it stands, we are in another inside bar situation, which speaks "range" loud and clear.

Bottom of the range has been respected today. Unless something happens within the next 50 minutes to change that...

So, my plan is always to go long at the bottom, and short the top. Currently bouncing off of bottom, so game plan remains the same.

I still view 182.37 as key confirmation as stated above. But even if it falls through 182.37, 181.93 will be another barrier the bears will need to break. So, it looks to me like we are up from here, at least were everything sits while I write this...
  • #16,136
  • Nov 12, 2014 3:53pm Nov 12, 2014 3:53pm
Ha ha, well the joke is on me. Definitely looking bearish now on H1/H4, and looks like will try to test bottom of range again... But will look to buy around 181.6
  • #16,137
  • Nov 12, 2014 4:02pm Nov 12, 2014 4:02pm
Quoting MudraGuru
{quote} hey... i have a small sell @182.46 and @182.18.... i am expecting it to post a price around 181.60 before going for 3rd wave of 5th wave ( which was started from 181.07)
booked profit on both deals and now flat till the close of current and next 4h candle...

would take a long position @181.40-60 area with SL @181.00 and TP above 185..

i dont think its going to test 181.07 but if it does it should go lower and my whole analysis( 4h chart i posted in my first post) has to be trashed...
  • #16,138
  • Nov 12, 2014 4:05pm Nov 12, 2014 4:05pm
one more thing, i dont think its going to post new high ( above 182.67) before going south ( 181.40 - 60 area)
  • #16,139
  • Nov 12, 2014 6:21pm Nov 12, 2014 6:21pm
A Daily chart showing ichimoku supports. Note the heavily bolded red line - for days it sat around 179/179.2 . Some hours ago, it rose quickly to where we now sit.

From my limited knowledge of such things, that suggests to me that it's either trying to make a base right here - or should it fail, then, in the event it gets to 179x, there may be not be as much support as may have been expected.

Attached Image (click to enlarge)
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  • #16,140
  • Edited 7:04pm Nov 12, 2014 6:42pm | Edited 7:04pm
Quoting Mpt
A Daily chart showing ichimoku supports. Note the heavily bolded red line - for days it sat around 179/179.2 . Some hours ago, it rose quickly to where we now sit. From my limited knowledge of such things, that suggests to me that it's either trying to make a base right here - or should it fail, then, in the event it gets to 179x, there may be not be as much support as may have been expected. {image}
Gah...I hate sitting right now, but given the rapid volatility at the support (as well as the increased spreads), I'm sitting here twiddling my thumbs and staring at my short.....

Mpt, speaking of which, are you holding onto shorts or longs right now?
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