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Geppy's Geppy Thread (GBP/JPY)

  • #16,301
  • Nov 18, 2014 1:46am Nov 18, 2014 1:46am
Quoting Mpt
For what it's worth, a failed attempt to hold over 182.6 may well bring a fairly rapid descent once under 182.
100% agree. Am watching for a short. No reason to enter right now IMO.
  • #16,302
  • Nov 18, 2014 1:58am Nov 18, 2014 1:58am
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watching to 1 load 2 take off and short
  • #16,303
  • Nov 18, 2014 1:59am Nov 18, 2014 1:59am
Quoting elbert3
{image} watching to 1 load 2 take off and short
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same here in conjunction
  • #16,304
  • Nov 18, 2014 2:01am Nov 18, 2014 2:01am
Quoting Didgeridoo
{quote} 100% agree. Am watching for a short. No reason to enter right now IMO.
Currently 182.70. Let's see. Still long from 181.846
Fix up, trade sharp ...
  • #16,305
  • Nov 18, 2014 2:08am Nov 18, 2014 2:08am
Quoting elbert3
{image} watching to 1 load 2 take off and short
Why do you always have to bring in your huge orders in the opposite direction of my positions?
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Fix up, trade sharp ...
  • #16,306
  • Edited 2:33am Nov 18, 2014 2:20am | Edited 2:33am
Quoting FX-Ray
(H1) 182.25 tested; if break above and test from above (pic); continuation to 182.80/60 is likely Anyway..added at 80ish {image}
(H1)
Thats what I´ve meant
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  • #16,307
  • Nov 18, 2014 2:25am Nov 18, 2014 2:25am
Quoting FX-Ray
{quote} Thats what I´ve meant {image}
Good morning FX-Ray, nice chart. Let's see if we can break 182.80 now.
Fix up, trade sharp ...
  • #16,308
  • Nov 18, 2014 2:28am Nov 18, 2014 2:28am
Currently bids in 60ish area?
Fix up, trade sharp ...
  • #16,309
  • Nov 18, 2014 2:28am Nov 18, 2014 2:28am
Quoting Hickson
{quote} Good morning FX-Ray, nice chart. Let's see if we can break 182.80 now.
Good Morning mate. Indeed let's see and if not then short

Offtopic: E/U long; just added at 85ish (pic (M5))

Add: Link (original mix)

Inserted Video
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  • #16,310
  • Nov 18, 2014 2:34am Nov 18, 2014 2:34am
Quoting FX-Ray
{quote} Good Morning mate. Indeed let's see and if not then short Offtopic: E/U long; just added at 85ish (pic (M5)) Add: Link (original mix) http://www.youtube.com/watch?v=PHEZC1HQcEI {image}
E/U running
  • #16,311
  • Nov 18, 2014 2:38am Nov 18, 2014 2:38am
Quoting FX-Ray
{quote} Offtopic: E/U long; just added at 85ish (pic (M5))
Why not, I had a sell this morning I closed immediately on E/U. If not down, then up. Excellent analysis
Fix up, trade sharp ...
  • #16,312
  • Nov 18, 2014 2:41am Nov 18, 2014 2:41am
Quoting Hickson
{quote} Why not, I had a sell this morning I closed immediately on E/U. If not down, then up. Excellent analysis

(10) "A buy signal that fails is a sell signal. A sell signal that fails is a buy signal."

http://www.forexfactory.com/showthre...29#post7309429

  • #16,313
  • Nov 18, 2014 2:44am Nov 18, 2014 2:44am
Quoting Hickson
{quote} Currently 182.70. Let's see. Still long from 181.846
Good trade, Hickson. Right now, the market seems rangebound.The only trade setups, IMO, being to trade into the ranges.

The only pair showing (slight) trending that I'm looking at is GBP/NZD. I was under the impression that GBP/AUD would trend more, but not at the moment. Very volatile.
  • #16,314
  • Nov 18, 2014 2:45am Nov 18, 2014 2:45am
Here are both plans, seems we've got the same thought. By far, 182.80 is easy to break, well next will be 183.30.
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Believe what you see instead of what you think!
  • #16,315
  • Nov 18, 2014 2:47am Nov 18, 2014 2:47am
Quoting FX-Ray
{quote} (10) "A buy signal that fails is a sell signal. A sell signal that fails is a buy signal." http://www.forexfactory.com/showthre...29#post7309429
It is a good read, I already have read it, and should read it again. Yesterday I thought how much value was in this seemingly trivial rule. How much profit would I have made if I just had reversed losing positions in the past instead of reentering them or adding to them? Winners add to winners, losers add to losers ... The only question now is: When will I adapt this without a second thought?
Fix up, trade sharp ...
  • #16,316
  • Nov 18, 2014 2:49am Nov 18, 2014 2:49am
Quoting Didgeridoo
{quote} Good trade, Hickson. Right now, the market seems rangebound.The only trade setups, IMO, being to trade into the ranges. The only pair showing (slight) trending that I'm looking at is GBP/NZD. I was under the impression that GBP/AUD would trend more, but not at the moment. Very volatile.
Yes, not much movement. Range trading is really different from trading the moves - best is to master both.
Fix up, trade sharp ...
  • #16,317
  • Nov 18, 2014 2:52am Nov 18, 2014 2:52am
Quoting Hickson
{quote} It is a good read, I already have read it, and should read it again. Yesterday I thought how much value was in this seemingly trivial rule. How much profit would I have made if I just had reversed losing positions in the past instead of reentering them or adding to them? Winners add to winners, losers add to losers ... The only question now is: When will I adapt this without a second thought?
No second thought, there is none.

You buy, you get stopped out -> you know its not uptrending
You sell, you get stopped out -> you know its not downtrending

If you get stopped out on both you know its ranging

You need to learn to take informations out of your trades.
  • #16,318
  • Edited 3:00am Nov 18, 2014 2:59am | Edited 3:00am
Lots of news coming out in about half an hour. I'm willing to bet it's the straw that breaks the camel's hump, aka FX-Ray's DP. It's been sitting in that nice little zone for almost a few hours now. I was contemplating opening a position, but I'm waiting for the news to hit first.

No sense in me opening a position right now that has a 50/50 chance of going my way. Why risk standing in front of a runaway train and taking a loss? I'll just pull a magic act, and wait at two stations in the opposite directions, then get on when I know which way it's going.
  • #16,319
  • Nov 18, 2014 2:59am Nov 18, 2014 2:59am
Quoting 4xNewGuy
Lots of news coming out in about half an hour. I'm willing to bet it's the straw that breaks the camel's hump, aka FX-Ray's DP. It's been sitting in that nice little zone for almost a few hours now. I was contemplating opening a position, but I'm waiting for the news to hit first. No sense in me opening a position right now that has a 50/50 chance of going my way. Why risj standing in front of a runaway train and taking a loss? I'll just pull a magic act, and wait at two stations in the opposite directions, then get on when I know which way it's...
Sounds like a plan

Add: Already locked-in profit at 182.25
  • #16,320
  • Nov 18, 2014 3:05am Nov 18, 2014 3:05am
Quoting FX-Ray
{quote} Sounds like a plan Add: Already locked-in profit at 182.25
Had the stop a bit higher to lock in profits and already S/O
Fix up, trade sharp ...
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