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Geppy's Geppy Thread (GBP/JPY)

  • #16,221
  • Nov 14, 2014 1:44am Nov 14, 2014 1:44am
Quoting js5020
Looking at the monthly "areas", it looked like our recent highs pierced into a new "area" and pulled back to current "area" twice now,,,, maybe I looked till I found what I wanted to see and then again maybe we might see a pullback?

In my opinion, a pullback wiill happen depends on whether UJ has a pullbak next week.
Believe what you see instead of what you think!
  • #16,222
  • Nov 14, 2014 2:51am Nov 14, 2014 2:51am
Will this happen next ? Look forward to futher charts and discussion.
Attached Image (click to enlarge)
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Believe what you see instead of what you think!
  • #16,223
  • Nov 14, 2014 3:03am Nov 14, 2014 3:03am
Quoting Mpt
{quote} Hi mate. In recent times, the one that shines as the best example was 176.1. You had that down as a point of interest and from a wave point of view, that was a point that was exactly 500 pips above the low at 171. The prior wave 169 to 173 was also 500 in length and from an EW perspective, there was a good likelihood that two waves of equal length would terminate there as the end of a correction up from 168. The next possible place was around 179.1 ish, representing a 1.618 extension. 175.9 was also the 61.8 retrace of the move 180.6 to...

Razor-sharp observations mate. I´ve thought about your post and watched my stats and did some calculations. I found what you mean and to be honest I never paid attention to it, I even never considered fibos in my approach. Impressive MPT.

Quality post here.
Attached Image(s) (click to enlarge)
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  • #16,224
  • Nov 14, 2014 3:32am Nov 14, 2014 3:32am
Quoting FX-Ray
{quote} Razor-sharp observations mate. I´ve thought about your post and watched my stats and did some calculations. I found what you mean and to be honest I never paid attention to it, I even never considered fibos in my approach. Impressive MPT. Quality post here. {image} {image}
Fibos drawn on chart.
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  • #16,225
  • Nov 14, 2014 3:44am Nov 14, 2014 3:44am
Quoting FX-Ray
{quote} Fibos drawn on chart. {image}

Thank you for your nice charts! Forgive me,but ,I still can't get it, what does it help for trading ? Long or short with target ?
Believe what you see instead of what you think!
  • #16,226
  • Nov 14, 2014 3:51am Nov 14, 2014 3:51am
Quoting JasmineQu
{quote} Thank you for your nice charts! Forgive me,but ,I still can't get it, what does it help for trading ? Long or short with target ?
I dont know myself yet
  • #16,227
  • Nov 14, 2014 4:06am Nov 14, 2014 4:06am
Quoting Mpt
{quote} Who knows why these 'magic' numbers work
....
Ghost Rider - WWTBMD?
  • #16,228
  • Nov 14, 2014 4:08am Nov 14, 2014 4:08am
Quoting albchr
{quote} ....
Quoting FX-Ray
{quote} Fibos drawn on chart. {image}
Chris, you would ever draw fibos like this?
  • #16,229
  • Nov 14, 2014 4:29am Nov 14, 2014 4:29am
Quoting FX-Ray
{quote} I dont know myself yet
food for thought; weekly
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  • #16,230
  • Nov 14, 2014 4:47am Nov 14, 2014 4:47am
Quoting JasmineQu
{quote} Thank you for your nice charts! Forgive me,but ,I still can't get it, what does it help for trading ? Long or short with target ?
It remains bearish, fading out of 182.4
  • #16,231
  • Nov 14, 2014 4:55am Nov 14, 2014 4:55am
Quoting FX-Ray
{quote} {quote} Chris, you would ever draw fibos like this?
Apologies for the delay Ray. I posted quick then ran to the store.

Well, if I have my guess right on how you drew them, not normally. It almost seems you've "fit" the key fib numbers to predetermined pivot / SR points?
Ghost Rider - WWTBMD?
  • #16,232
  • Nov 14, 2014 4:58am Nov 14, 2014 4:58am
Quoting FX-Ray
{quote} food for thought; weekly {image}
We're looking at the same menu.
Ghost Rider - WWTBMD?
  • #16,233
  • Nov 14, 2014 5:02am Nov 14, 2014 5:02am
Quoting albchr
{quote} Apologies for the delay Ray. I posted quick then ran to the store. Well, if I have my guess right on how you drew them, not normally. It almost seems you've "fit" the key fib numbers to predetermined pivot / SR points?
Yeah indeed I wonder if that makes sense
  • #16,234
  • Nov 14, 2014 5:06am Nov 14, 2014 5:06am
Quoting FX-Ray
{quote} Yeah indeed I wonder if that makes sense
In truth, since the golden ratio remains a constant, it doesn't really matter so long as you allow (compensate) for the offset.
Ghost Rider - WWTBMD?
  • #16,235
  • Edited 6:06am Nov 14, 2014 5:20am | Edited 6:06am
For now, draw fibs from the AVERAGE high of 184.3 to the previous low of 171. Include 23.6, 38.2, 50 and 61.8.

You'll find that the 179.2 value appears as a 38.2 retracement.
  • #16,236
  • Nov 14, 2014 8:34am Nov 14, 2014 8:34am
Quoting FX-Ray
{quote} Fibos drawn on chart. {image}
I like a chart of fibo's.....thanks for posting that
  • #16,237
  • Nov 14, 2014 8:40am Nov 14, 2014 8:40am
I'm trying to figure out just exactly what effect gold's dropping price has for the magnificent pair from hail.....
  • #16,238
  • Nov 14, 2014 10:51am Nov 14, 2014 10:51am
Quoting Mpt
For now, draw fibs from the AVERAGE high of 184.3 to the previous low of 171. Include 23.6, 38.2, 50 and 61.8. You'll find that the 179.2 value appears as a 38.2 retracement.
I used to believe a retracement on 180.6, while now it seems impossble , we may not see 179 within this year.
Believe what you see instead of what you think!
  • #16,239
  • Nov 14, 2014 6:14pm Nov 14, 2014 6:14pm
It plays a hard game.

It kept fading 182.4/6, but refused to get down, appearing to be held up by channel support. So, it either fades under 181.5 to confirm at least a medium term correction towards 179x or 178x or even 176, OR it jumps back again very early next week towards 183 first then 183.8/184.6 (maybe a final UJ blow out?) in a similar manner to the consolidation top way back at 133.5, before adjusting down.

Obviously, a leap over 184.6 would delay any downside correction or reversal for some time, as such a move could take it to significant new highs.

Down 60 or so pips to confirm downside, or the possibility of another high? Failure to break up heavily on Sunday/Monday would suggest it remains in downside correction.
  • #16,240
  • Nov 14, 2014 8:51pm Nov 14, 2014 8:51pm
Quoting Mpt
It plays a hard game. It kept fading 182.4/6, but refused to get down, appearing to be held up by channel support. So, it either fades under 181.5 to confirm at least a medium term correction towards 179x or 178x or even 176, OR it jumps back again very early next week towards 183 first then 183.8/184.6 (maybe a final UJ blow out?) in a similar manner to the consolidation top way back at 133.5, before adjusting down. Obviously, a leap over 184.6 would delay any downside correction or reversal for some time, as such a move could take it to significant...

lol. so in short - price will go up or it will go down.
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