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Geppy's Geppy Thread (GBP/JPY)

  • #16,401
  • Nov 18, 2014 5:46am Nov 18, 2014 5:46am
Quoting FX-Ray
Off-topic: For those trading E/U Decision points for today - 2014.11.18: (1) 1.2670/68 (2) 1.2588/86 (3) 1.2576/74 (4) 1.2524/22 (5) 1.2510/08 (6) 1.2484/82 (7) 1.2472/70 (8) 1.2446/44 (9) 1.2422/20 (10) 1.2272/70 {image}
anyone shorted 24/22ish?
  • #16,402
  • Nov 18, 2014 5:48am Nov 18, 2014 5:48am
Quoting JasmineQu
{quote} This is what I do expect most! UJ is stucked @117, it is falling anytime, and GBP is bearish at all , why can't GJ get the chance of moving down ?
I agree with this setup. But, of course there are risks: if USD/JPY lowers. GBP/USD may rise. What is needed is GBP to have ADDED reasons to lower, or risk aversion IMO. This scenario isn't quite ripe just yet IMO
  • #16,403
  • Nov 18, 2014 5:52am Nov 18, 2014 5:52am
Quoting FX-Ray
{quote} anyone shorted 24/22ish?
Shorted 1.2519 earlier.
Fix up, trade sharp ...
  • #16,404
  • Nov 18, 2014 5:54am Nov 18, 2014 5:54am
Quoting Hickson
{quote} Shorted 1.2519 earlier.
Nice, dont let it become a negative trade, targets 2510 and optimally 2484
Anyway when it gets above + strong momentum optimal TP today 2576
  • #16,405
  • Nov 18, 2014 6:04am Nov 18, 2014 6:04am
Quoting FX-Ray
{quote} Nice, dont let it become a negative trade, targets 2510 and optimally 2484 Anyway when it gets above + strong momentum optimal TP today 2576
I decided to trade so small that the amount of money is ridiculous until I get any consistency over some months. Then I can still think about risking more. Maybe selling my soul for some weeks/months to at least build an account with some k then lol
Fix up, trade sharp ...
  • #16,406
  • Nov 18, 2014 6:07am Nov 18, 2014 6:07am
Quoting Hickson
{quote} I decided to trade so small that the amount of money is ridiculous until I get any consistency over some months. Then I can still think about risking more. Maybe selling my soul for some weeks/months to at least build an account with some k then lol
stop it,,lol you know what i mean,,?????if i live by you i would come around and kick you up the arse,,lol your a good guy i would really really like you to make money out of this ,positive thou Hick , regards Billy
  • #16,407
  • Nov 18, 2014 6:07am Nov 18, 2014 6:07am
Quoting FX-Ray
{quote} Nice, dont let it become a negative trade, targets 2510 and optimally 2484 Anyway when it gets above + strong momentum optimal TP today 2576
Good Morning Ray, Good morning All,

Had a nice lil break, will be back off and on for now and yes that would the area I will add to my EU shorts, watching for now.


PS Add: Dreams really do come true. Mine came wrapped in Baby Blue
  • #16,408
  • Nov 18, 2014 6:09am Nov 18, 2014 6:09am
Quoting Hickson
{quote} Shorted 1.2519 earlier.
Bailed for now, I want to figure out what the market wants in US session. There has not been a really strong reaction towards the ZEW news and even though I think short is the right way over all, I do not want to be short here at the moment ... something is fishy, especially with an option expiry at 1.26 for today US session ...
Fix up, trade sharp ...
  • #16,409
  • Nov 18, 2014 6:09am Nov 18, 2014 6:09am
Quoting workingforex
{quote} Good Morning Ray, Good morning All, Had a nice lil break, will be back off and on for now and yes that would the area I will add to my EU shorts, watching for now. PS Add: Dreams really do come true. Mine came wrapped in Baby Blue
.... ....
Ghost Rider - WWTBMD?
  • #16,410
  • Nov 18, 2014 6:11am Nov 18, 2014 6:11am
Quoting workingforex
{quote} Good Morning Ray, Good morning All, Had a nice lil break, will be back off and on for now and yes that would the area I will add to my EU shorts, watching for now. PS Add: Dreams really do come true. Mine came wrapped in Baby Blue
Hi workingforex ... baby blue? Blue pills? Blue notes? Blue bottles?
Fix up, trade sharp ...
  • #16,411
  • Nov 18, 2014 6:13am Nov 18, 2014 6:13am
Quoting workingforex
{quote} Good Morning Ray, Good morning All, Had a nice lil break, will be back off and on for now and yes that would the area I will add to my EU shorts, watching for now. PS Add: Dreams really do come true. Mine came wrapped in Baby Blue
  • #16,412
  • Nov 18, 2014 6:14am Nov 18, 2014 6:14am
Quoting elbert3
{quote} stop it,,lol you know what i mean,,?????if i live by you i would come around and kick you up the arse,,lol your a good guy i would really really like you to make money out of this ,positive thou Hick , regards Billy

http://img.sadistic.pl/pics/6d09af3c4a76.jpg
Fix up, trade sharp ...
  • #16,413
  • Nov 18, 2014 6:17am Nov 18, 2014 6:17am
Quoting Hickson
{quote} {image}
Damn you Hickson, you picked up my concept but still like it lol

http://www.forexfactory.com/showthre...64#post7861764
  • #16,414
  • Nov 18, 2014 6:21am Nov 18, 2014 6:21am
Quoting FX-Ray
{quote} Damn you Hickson, you picked up my concept but still like it lol http://www.forexfactory.com/showthre...64#post7861764
I remember ... it was when the master told you the target of every wave!
Fix up, trade sharp ...
  • #16,415
  • Nov 18, 2014 6:31am Nov 18, 2014 6:31am
Quoting Hickson
{quote} Hi workingforex ... baby blue? Blue pills? Blue notes? Blue bottles?

Lol, Thanx Hicky Boy! Good now you have moved on from Geppy man to cool pictures!

Thank you everyone!
  • #16,416
  • Nov 18, 2014 6:32am Nov 18, 2014 6:32am
Quoting FX-Ray
{quote} Damn you Hickson, you picked up my concept but still like it lol http://www.forexfactory.com/showthre...64#post7861764
That was EPIC. 'Every wave has a target.... lol'
  • #16,417
  • Nov 18, 2014 6:34am Nov 18, 2014 6:34am
Quoting workingforex
{quote} That was EPIC. 'Every wave has a target.... lol'
I mean ... what would you do if Schick stands in front of you and firmly says: "Every wave has a target ... now get me a beer!"
Fix up, trade sharp ...
  • #16,418
  • Nov 18, 2014 6:35am Nov 18, 2014 6:35am
Quoting workingforex
{quote} Lol, Thanx Hicky Boy! Good now you have moved on from Geppy man to cool pictures! Thank you everyone!
Nothing wrong with Geppy man!
Fix up, trade sharp ...
  • #16,419
  • Nov 18, 2014 6:58am Nov 18, 2014 6:58am
Quoting IveGotQuads
{quote} Sounds like a very good advice... fortunately its a free trade with little downsides. perhaps should have taken profits earlier but if that bearish move was a position taking move then its worth the risk of breaking even. I like your concept though... right now its bulls advantage. Doesn't help that the stock market is up, even the Nikkei.
True. Yeah, overall a bull market. Right now though, not much upward momentum (essentially neutral price level) - perhaps given proximity to resistance (in terms of USD/JPY - which I use as a general measuring stick for GBP/JPY).
  • #16,420
  • Edited 7:19am Nov 18, 2014 7:02am | Edited 7:19am
Quoting MudraGuru
{quote} 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...
It may be prudent to at least re-visit the idea of this being a new up trend after a shallow correction. Just as an alternative, consider that wave 1 to the downside has completed at 181 and wave 2 may still be in progress or has finished as well at 183.3. If 2 has not completed, it may yet fall back (maybe to the bottom again and ideally below 182), only to complete later at 183.8 or 184x. Or, we are now in 3 to the down side, only confirmed with a break below 181. This could still be a correction masking itself as a down trend, or it could be the slow start to a relatively minor down trend - or the initial stages of a major one that could last weeks or months.

Before any of the "it's always gunna go up" brigade jump on me, this is only one view - but until such time as it makes a new high I will continue to view moves to the top side suspiciously as being counter trend.
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