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Geppy's Geppy Thread (GBP/JPY)

  • #16,261
  • Nov 17, 2014 6:50am Nov 17, 2014 6:50am
(D1)

Anyway, daily is still unable to close below 1/2 of DPs (181.80); if it stays like this, I see at least a test of 183.90 (upper 1/2)
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  • #16,262
  • Nov 17, 2014 7:16am Nov 17, 2014 7:16am
Quoting FX-Ray
(D1) Anyway, daily is still unable to close below 1/2 of DPs (181.80); if it stays like this, I see at least a test of 183.90 (upper 1/2) {image}
maybe stupid to ask, what are those fractions representing?
  • #16,263
  • Nov 17, 2014 7:21am Nov 17, 2014 7:21am
Hy guys... i'm totally newbie and i'm loosing money with geppy.. so i'll follow your post with much attention... What do you think about this setup?

Could is this TL a good entry point?
Regards
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  • #16,264
  • Nov 17, 2014 7:22am Nov 17, 2014 7:22am
Quoting Oser
{quote} maybe stupid to ask, what are those fractions representing?
Its not stupid, its just halfway or 50%, the others are 25% and 75%; nothing complicated, I just pointed on what I observed.
  • #16,265
  • Nov 17, 2014 7:54am Nov 17, 2014 7:54am
Had the same entry. Nevertheless we stay in a correction at the moment, I don't expect to go higher than 183.20.

183.20 should be a good take profit and then let see if we go back down or break the correction in order to go higher.
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  • #16,266
  • Nov 17, 2014 7:56am Nov 17, 2014 7:56am
Quoting cescof
Hy guys... i'm totally newbie and i'm loosing money with geppy.. so i'll follow your post with much attention... What do you think about this setup? Could is this TL a good entry point? Regards {image}
I'm only in my 3rd year. But I like it. Good risk reward as the stop can be just under hor resistance. I also don't hear anyone giving any reasons why the „ could possibly strengthen or why the Japanese economy isn't on the verge of an absolute crap storm.
  • #16,267
  • Nov 17, 2014 7:56am Nov 17, 2014 7:56am
Quoting MaximeCau
Had the same entry. Nevertheless we stay in a correction at the moment, I don't expect to go higher than 183.20. {image}
What IŽve learn from the dragon is the uncertain is probable
Add: I just pay attention to 182.80/60 atm, just wanna see it can hold above it, ill stay long.
  • #16,268
  • Nov 17, 2014 7:57am Nov 17, 2014 7:57am
Quoting Clusiot
{quote} I'm only in my 3rd year. But I like it. Good risk reward as the stop can be just under hor resistance. I also don't hear anyone giving any reasons why the „ could possibly strengthen or why the Japanese economy isn't on the verge of an absolute crap storm.
Assuming youre thinking long as I am just in long myself.
  • #16,269
  • Nov 17, 2014 8:03am Nov 17, 2014 8:03am
Quoting FX-Ray
{quote} What IŽve learn from the dragon is the uncertain is probable Add: I just pay attention to 182.80/60 atm, just wanna see it can hold above it, ill stay long.
Going higher is possible. But if we do, we will have another long entry, above the correction. It depends on what kind of a trader you are : swing trader, or day trader...

For sure we stay in a strong uptrend in all JPY currency pairs, and to continue higher is truly possible.
  • #16,270
  • Edited 8:18am Nov 17, 2014 8:06am | Edited 8:18am
Quoting MaximeCau
{quote} Going higher is possible. But if we do, we will have another long entry, above the correction. It depends on what kind of a trader you are : swing trader, or day trader... For sure we stay in a strong uptrend in all JPY currency pairs, and to continue higher is truly possible.
To be honest, IŽd love to go short just now but I dont wanna fight price yet, if I go short then soonest at 185.20/00; short steady above highs; the current daily low is also a rejection of the lows of 2014.11.10 & 2014.11.04
  • #16,271
  • Nov 17, 2014 8:11am Nov 17, 2014 8:11am
Quoting FX-Ray
{quote} To be honest, IŽd love to go short just now but I dont wanna fight price yet, if I go short then soonest at 185.20/00; short steady above highs; the current daily low is also a rejection of the low of 2014.11.10 & 2014.11.04
Thinkin in terms of orderflow Im curious where those who shorted the lows are going to bail out.
  • #16,272
  • Nov 17, 2014 8:20am Nov 17, 2014 8:20am
Quoting FX-Ray
{quote} Thinkin in terms of orderflow Im curious where those who shorted the lows are going to bail out.
Got 182.25 for now.
  • #16,273
  • Nov 17, 2014 8:22am Nov 17, 2014 8:22am
Quoting FX-Ray
{quote} Got 182.25 for now.
Hi FX-Ray, I know nothing for sure, just the current price movement reminds me of this pattern: Price is pushed up against resistance again and again and shoots up immediately any time it drops on lower TFs. I have often seen that once it gets a bit higher the stops gets blown away and it breaks out with a strong follow through. I do not know if it will happen of course ...
Fix up, trade sharp ...
  • #16,274
  • Nov 17, 2014 8:24am Nov 17, 2014 8:24am
Quoting Hickson
{quote} Hi FX-Ray, I know nothing for sure, just the current price movement reminds me of this pattern: Price is pushed up against resistance again and again and shoots up immediately any time it drops on lower TFs. I have often seen that once it gets a bit higher the stops gets blown away and it breaks out with a strong follow through. I do not know if it will happen of course ...
Hi Hickson, all possible Im just dropping some thoughts
  • #16,275
  • Nov 17, 2014 8:27am Nov 17, 2014 8:27am
Quoting FX-Ray
{quote} Got 182.25 for now.
You shorted there?
  • #16,276
  • Nov 17, 2014 8:29am Nov 17, 2014 8:29am
Quoting Greenstar
{quote} You shorted there?
No shorted 183.30 last night and went long at 181.35ish; Im watching 182.25 for bullish continuation for current trade
  • #16,277
  • Nov 17, 2014 8:33am Nov 17, 2014 8:33am
lovely rejection of 181.80
  • #16,278
  • Nov 17, 2014 8:38am Nov 17, 2014 8:38am
Quoting FX-Ray
lovely rejection of 181.80
set up limits at 181.100 bec i follow actionforex's weekly commentary, or bec i looked at daily candles. i got them well off to work. get to look again in 12 hours

put limits on where you said you'd short - past 185. actionforex thinks 190 so that is the longer term idea i have in mind.
  • #16,279
  • Nov 17, 2014 8:41am Nov 17, 2014 8:41am
Quoting Greenstar
{quote} set up limits at 181.100 bec i follow actionforex's weekly commentary, or bec i looked at daily candles. i got them well off to work. get to look again in 12 hours put limits on where you said you'd short - past 185. actionforex thinks 190 so that is the longer term idea i have in mind.
Speaking of longterm, posted Feb'14:

http://www.forexfactory.com/showthre...16#post7269916
  • #16,280
  • Nov 17, 2014 8:42am Nov 17, 2014 8:42am
Quoting FX-Ray
lovely rejection of 181.80
didn't have internet last night so now I slept too much

hopefully stay connected but not counting on it. real high winds are making it hard for they to get the lines back up.

good trades there so looks like I got some catching up to do
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