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Geppy's Geppy Thread (GBP/JPY)

  • #16,281
  • Nov 17, 2014 8:44am Nov 17, 2014 8:44am
Quoting FX-Ray
{quote} Got 182.25 for now.
Its close..am curious what´s going to happen here
  • #16,282
  • Nov 17, 2014 8:47am Nov 17, 2014 8:47am
Quoting AllyB
{quote} 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
You can never sleep too much
  • #16,283
  • Nov 17, 2014 8:49am Nov 17, 2014 8:49am
Quoting Mr.C
Hi traders. Sold GBP/JPY @ 181,700. SL @ 182,100. Good luck everyone!
Busted with my GJ call. 50 pips to charity. Congrats for the long traders!

No more calls today. Wish all best of luck while hunting in the markets!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #16,284
  • Nov 17, 2014 8:59am Nov 17, 2014 8:59am
(H1)

182.25 tested; if break above and test from above (pic); continuation to 182.80/60 is likely

Anyway..added at 80ish
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  • #16,285
  • Nov 17, 2014 9:02am Nov 17, 2014 9:02am
Quoting FX-Ray
{quote} You can never sleep too much
did feel quite good

my charts look like a plate of spaghetti LOL getting a game plan formed here though
  • #16,286
  • Nov 17, 2014 9:03am Nov 17, 2014 9:03am
Quoting AllyB
{quote} did feel quite good my charts look like a plate of spaghetti LOL getting a game plan formed here though
I´d like to hear it as soon as you got it
  • #16,287
  • Nov 17, 2014 9:06am Nov 17, 2014 9:06am
I'm not sure if im correct, but have the GBP been pounded(!) to the ground the past few months and GBPJPY have been moving up? Also we got recession in Japan now, will this de-evaluate the Yen? If this is the case, there is huge upside in this pair.
  • #16,288
  • Nov 17, 2014 9:07am Nov 17, 2014 9:07am
Quoting FX-Ray
{quote} I´d like to hear it as soon as you got it
  • #16,289
  • Nov 17, 2014 9:25am Nov 17, 2014 9:25am
Despite the sell off I have maintained *all* of my long positions and added another long position at 181.15...

http://www.forexfactory.com/showthre...56#post7873856
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  • #16,290
  • Nov 17, 2014 9:31am Nov 17, 2014 9:31am
Okay am off my desk; laters and take care

Inserted Video
  • #16,291
  • Nov 17, 2014 9:52am Nov 17, 2014 9:52am
Garrett Emery is cool but how'bout some Grand Funk Railroad ..... or Lucinda Williams.....

music for trading.....


eta.....new music from texas.....Jerry Jeff Walker
  • #16,292
  • Nov 17, 2014 1:47pm Nov 17, 2014 1:47pm
​Cescof's post is the most accurate, imho.
  • #16,293
  • Nov 17, 2014 2:19pm Nov 17, 2014 2:19pm
Quoting FX-Ray
{quote} No shorted 183.30 last night and went long at 181.35ish; Im watching 182.25 for bullish continuation for current trade
That was a gutsy short after the whipsaw last night. Wish i had the guts to reneter and fade the news "that didnt do as expected" the bad Yen news was already priced in I guess.
  • #16,294
  • Nov 17, 2014 2:42pm Nov 17, 2014 2:42pm
I cut the shorts earlier in the day for a meager gain, just more indecision than Im willing to risk, Id rather be flat and will wait for something a bit more definitive to happen.
  • #16,295
  • Edited 5:56pm Nov 17, 2014 5:15pm | Edited 5:56pm
Quoting Mpt
​Cescof's post is the most accurate, imho.
Same view as 24 hours ago and 12 hours ago. Break over 182.6 and 182.8/183 takes it back to the top. Move below 182 and 181.5 now begins a trip down with a probable first bounce at 179.4 (but maybe 180)
  • #16,296
  • Nov 17, 2014 7:02pm Nov 17, 2014 7:02pm
Quoting Didgeridoo
{quote} Sorry to hear that. The only thing you can do IMO (I don't mean to sound patronizing, just wanting to assist), is to keep your head on your shoulders and learn from your mistakes. IMO, the few who do well are 'chocolate almonds' - soft on the outside, hard as hell on the inside.
Thanks Didger, Made a bad assumption days before about the BOJ. Will learn.
Be humble or be humbled.
  • #16,297
  • Nov 17, 2014 7:04pm Nov 17, 2014 7:04pm
Quoting FX-Ray
{quote} What happend?
My apologies for getting back so late, Public opinion was souring on the weakening yen, made a very lazy and complacent decision before the impending data.
Be humble or be humbled.
  • #16,298
  • Nov 17, 2014 7:22pm Nov 17, 2014 7:22pm
Grinding higher, Japan in recession and England sounding the alarm on paltry inflation. Still the bias will always be bullish against a central bank determined to demolish it's currency. I better remember that. The best pair in forex period. Can be early on a retrace, miss by even a hundred pips and be sitting way above break even within days if you are long.
Be humble or be humbled.
  • #16,299
  • Nov 17, 2014 8:07pm Nov 17, 2014 8:07pm
For what it's worth, a failed attempt to hold over 182.6 may well bring a fairly rapid descent once under 182.
  • #16,300
  • Nov 17, 2014 8:14pm Nov 17, 2014 8:14pm
the 15M says up moves in the mid -term....the 6:42 trade has run three profit closes......it has a short-term down move going with a stop at .58
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