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Geppy's Geppy Thread (GBP/JPY)

  • #16,341
  • Nov 18, 2014 3:52am Nov 18, 2014 3:52am
E/U still runnin', +65 so far
  • #16,342
  • Nov 18, 2014 3:53am Nov 18, 2014 3:53am
Quoting FX-Ray
{quote} Rather ask yourself why you feel 'nervous'; I think its good everyone has its own point of view. This creates ideas and let you rethink your own and if you still feel nervous than there is something you did wrong not knowing about yet. I recommend you to read this: http://www.forexfactory.com/showthre...29#post7309429 You will do yourself a favour.

Totally agree... I like your perspective... emotions are a tricky beast in the market.... something I've yet to master, but am getting better at. Emotions are what have caused to cut winners too short and losers too soon (only to see price rebound in the very direction I wanted it to go)... one must have a strategy, their "edge", and commit to the trade. This makes trading a bit more mechanical and less emotional. Still something I am trying to master...
  • #16,343
  • Nov 18, 2014 3:53am Nov 18, 2014 3:53am
Quoting Oser
{quote} Totally agree... I like your perspective... emotions are a tricky beast in the market.... something I've yet to master, but am getting better at. Emotions are what have caused to cut winners too short and losers too soon (only to see price rebound in the very direction I wanted it to go)... one must have a strategy, their "edge", and commit to the trade. This makes trading a bit more mechanical and less emotional. Still something I am trying to master...
Learning by doing, no way to skip it

Add: steady self-reflection is key, then you know what it means when someone say 'Trading is a mind-game'
  • #16,344
  • Nov 18, 2014 3:56am Nov 18, 2014 3:56am
Quoting FX-Ray
E/U still runnin', +65 so far
U/J also hovering right below the 117 psychological level - a definitive break here would be another good sign for northern movement...
  • #16,345
  • Nov 18, 2014 4:01am Nov 18, 2014 4:01am
E/U: runnin'
G/J: runnin'

  • #16,346
  • Nov 18, 2014 4:02am Nov 18, 2014 4:02am
Quoting FX-Ray
E/U: runnin' G/J: runnin'
E/U next 1.2576 if 1.2524 holds
G/J: 183.30 rejected; probable test of 182.80/60; if positive: I'll add to position
  • #16,347
  • Nov 18, 2014 4:05am Nov 18, 2014 4:05am
Quoting FX-Ray
{quote} Rather ask yourself why you feel 'nervous'; I think its good everyone has its own point of view. This creates ideas and let you rethink your own and if you still feel nervous than there is something you did wrong not knowing about yet. I recommend you to read this: http://www.forexfactory.com/showthre...29#post7309429 You will do yourself a favour.
i was relying big time on EW and that was the basis of taking a buy position at 181.45 with SL at 181.00 ( below 181.07 was the invalidation of 1st wave of 5th wave )
and i was correct.. this was the classic case of EW ( 2nd wave can never go below the base of 1st wave)...
i still feel that right now we are in 3rd wave of 5th wave, and this 3rd wave is having a target around ( 161.8% of 1st wave, 181.07 - 184.65) 186.88...

I was nervous because i had a really big buy ( as per my account size ) at 181.45 but now i m cool.... i am holding a small position right now which is very well within my risk appetite...
  • #16,348
  • Nov 18, 2014 4:06am Nov 18, 2014 4:06am
183.3 appears to be formidable resistance as does 117 on the U/J. A break and close on both is the next hurdle.
  • #16,349
  • Nov 18, 2014 4:12am Nov 18, 2014 4:12am
Quoting Oser
183.3 appears to be formidable resistance as does 117 on the U/J. A break and close one both is the next hurdle.
Attached Image (click to enlarge)
Click to Enlarge Name: gbj5.png Size: 74 KB
see if it comes back below break out before any more fall first,,, 185.. ???
  • #16,350
  • Nov 18, 2014 4:15am Nov 18, 2014 4:15am
WOW. What just happened with that 15m candle? WOW!
  • #16,351
  • Nov 18, 2014 4:15am Nov 18, 2014 4:15am
WHAT WAS THAT?!
  • #16,352
  • Nov 18, 2014 4:16am Nov 18, 2014 4:16am
Quoting 4xNewGuy
WOW. What just happened with that 15m candle? WOW!
Somebody added a few too many 0's to their trade at the bank?
  • #16,353
  • Nov 18, 2014 4:17am Nov 18, 2014 4:17am
Over 100 pips in 15 minutes. Seriously. These banks gotta stop being so blatant with their moves.
  • #16,354
  • Nov 18, 2014 4:17am Nov 18, 2014 4:17am
The market's way to clear out late longs?
Fix up, trade sharp ...
  • #16,355
  • Nov 18, 2014 4:19am Nov 18, 2014 4:19am
183.30 and 182.25 lol
  • #16,356
  • Nov 18, 2014 4:20am Nov 18, 2014 4:20am
http://www.forexfactory.com/news.php?do=news&id=513695

Tax Hike Delayed? But why is the market not responding? Such crap right now. I was able to add to my longs on this little dip as I had some limit orders in place....
  • #16,357
  • Nov 18, 2014 4:23am Nov 18, 2014 4:23am
Quoting Hickson
The market's way to clear out late longs?
Probably hitting stops, and suckering in some traders to go short, so THEY can take the longs. One thing I've learned. If you're chasing a very fast move like that, odds are you're being suckered in to going the wrong way.
  • #16,358
  • Nov 18, 2014 4:24am Nov 18, 2014 4:24am
Quoting Oser
. I was able to add to my longs on this little dip as I had some limit orders in place....
How could this be crap?
Fix up, trade sharp ...
  • #16,359
  • Nov 18, 2014 4:25am Nov 18, 2014 4:25am
Quoting Oser
http://www.forexfactory.com/news.php?do=news&id=513695 Tax Hike Delayed? But why is the market not responding? Such crap right now. I was able to add to my longs on this little dip as I had some limit orders in place....
Oh I think the market responded. In about a 15 minute span.
  • #16,360
  • Nov 18, 2014 4:26am Nov 18, 2014 4:26am
Quoting 4xNewGuy
{quote} Probably hitting stops, and suckering in some traders to go short, so THEY can take the longs. One thing I've learned. If you're chasing a very fast move like that, odds are you're being suckered in to going the wrong way.
That's right, big players lure a lot of retailers to toss out their money and then just reel them in with the big guns. Only exception is probably something like FOMC where a fast move is a fast move usually in only one direction. Still not advisable to jump in ...
Fix up, trade sharp ...
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