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Geppy's Geppy Thread (GBP/JPY)

  • #16,441
  • Edited 3:32am Nov 19, 2014 2:49am | Edited 3:32am
Went long at 183.20. The H4 double top will attract many sellers like my former self, and then I will just sell to them later lol

Edit: Convincing breakout right now ...
Fix up, trade sharp ...
  • #16,442
  • Nov 19, 2014 3:34am Nov 19, 2014 3:34am
Quoting Hickson
Went long at 183.20. The H4 double top will attract many sellers like my former self, and then I will just sell to them later lol
Nice call, I like the logic behind it. Im still long from 30ish & 40ish; next is 183.90

Add: I closed the longs off 50ish as it came close to reduce risk.
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  • #16,443
  • Nov 19, 2014 3:37am Nov 19, 2014 3:37am
Quoting FX-Ray
{quote} Nice call, I like the logic behind it. Im still long from 30ish & 40ish; next is 183.90 {image}
Done much better than me, since I only have this one soldier from 183.20 right now, as you know I was stopped out in minor profit on the spike yesterday, but maybe it can grow big lol

Logic was just defying the things you learn about trading in general by broker education etc. because I have discovered that there is no value in solely trading candle patterns - at least not for me. They might give a hint, but not alone.
Fix up, trade sharp ...
  • #16,444
  • Nov 19, 2014 3:40am Nov 19, 2014 3:40am
Quoting FX-Ray
{quote} (H1) Said, done, no BS-Trading Add: I'll take partials at 183.90ish {image}
Done. Partials taken.
  • #16,445
  • Nov 19, 2014 3:43am Nov 19, 2014 3:43am
Quoting FX-Ray
{quote} Done. Partials taken.
"Forgot" the second position. Maybe not convinced enough in recovery mode and risk aversion?
Fix up, trade sharp ...
  • #16,446
  • Nov 19, 2014 3:45am Nov 19, 2014 3:45am
Quoting Hickson
{quote} "Forgot" the second position. Maybe not convinced enough in recovery mode and risk aversion?
Cant follow, could you get more clear
  • #16,447
  • Nov 19, 2014 3:48am Nov 19, 2014 3:48am
Quoting FX-Ray
{quote} Cant follow, could you get more clear
Plan was to split positions more, building pyramids of winners. Since I have an aversion to draw downs since they drag me into horrible decisions, sometimes I do not want more positions to minimalize risk. But one more on this clearly would not have hurt with stops in place.
Fix up, trade sharp ...
  • #16,448
  • Nov 19, 2014 3:53am Nov 19, 2014 3:53am
Funny that GBP/USD is driving the move this time.
Fix up, trade sharp ...
  • #16,449
  • Nov 19, 2014 3:59am Nov 19, 2014 3:59am
Quoting Hickson
{quote} Plan was to split positions more, building pyramids of winners. Since I have an aversion to draw downs since they drag me into horrible decisions, sometimes I do not want more positions to minimalize risk. But one more on this clearly would not have hurt with stops in place.
Indeed - I know Im wrong at/below 182.20; never touched the SL, only took risk out of the position.
  • #16,450
  • Nov 19, 2014 4:03am Nov 19, 2014 4:03am
I think I take about 80 pips here to go and buy groceries in peace during the quiet noon time.

Edit: Ooooops, that was fast! But like master Schick said: Profit is profit!
Fix up, trade sharp ...
  • #16,451
  • Nov 19, 2014 4:25am Nov 19, 2014 4:25am
Quoting Hickson
I think I take about 80 pips here to go and buy groceries in peace during the quiet noon time. Edit: Ooooops, that was fast! But like master Schick said: Profit is profit!
Damn Hickson, dont let me make another picture lol
  • #16,452
  • Nov 19, 2014 4:32am Nov 19, 2014 4:32am
Wow. Over a 100 pip jump after a non-event. Banks be working overtime today.
  • #16,453
  • Nov 19, 2014 4:42am Nov 19, 2014 4:42am
Quoting FX-Ray
{quote} Damn Hickson, dont let me make another picture lol
Too late ...
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Fix up, trade sharp ...
  • #16,454
  • Nov 19, 2014 5:09am Nov 19, 2014 5:09am
Quoting 4xNewGuy
Wow. Over a 100 pip jump after a non-event. Banks be working overtime today.
I would not really call it a non event: the pound sold off last week on the basis that the BOE was turning more dovish. The minutes just released are showing that that is not really the case yet. Bar a hawkish Fed tonight, we should see more upside over the coming days....
  • #16,455
  • Nov 19, 2014 5:13am Nov 19, 2014 5:13am
anyone considering shorting?
  • #16,456
  • Nov 19, 2014 6:05am Nov 19, 2014 6:05am
Quoting Didgeridoo
anyone considering shorting?
shorted 50ish and 40ish, SL: 184.70; TP(1): 183.90; TP(2): 183.30
Also took partials of longs here as with 183.90

Add: 184.50 is 75% from DP 182.80/60 & 185.20/00
  • #16,457
  • Nov 19, 2014 6:13am Nov 19, 2014 6:13am
Quoting FX-Ray
{quote} shorted 50ish and 40ish, SL: 184.70; TP(1): 183.90; TP(2): 183.30 Also took partials of longs here as with 183.90 Add: 184.50 is 75% from DP 182.80/60 & 185.20/00
Good morning,

That is nicely done, I had a small long from yesterday from 182.70, took partials at 184.43, letting the other run at the minute, watching for the next DP.

Any positions in EU today ?
  • #16,458
  • Nov 19, 2014 6:17am Nov 19, 2014 6:17am
Quoting workingforex
{quote} Good morning, That is nicely done, I had a small long from yesterday from 182.70, took partials at 184.43, letting the other run at the minute, watching for the next DP. Any positions in EU today ?
Good Evening working,

for E/U 1.25308 is crucial imho; 1.2480/78 is equilibrium, optimal downside target today: 1.2428 also possible long there.
If 1.25308 support upside target (1) is 1.2575, next decision will be made there.
  • #16,459
  • Nov 19, 2014 6:38am Nov 19, 2014 6:38am
Quoting FX-Ray
{quote} Good Evening working, for E/U 1.25308 is crucial imho; 1.2480/78 is equilibrium, optimal downside target today: 1.2428 also possible long there. If 1.25308 support upside target (1) is 1.2575, next decision will be made there.
Yes tonight's FOMC minutes will also give it a push either way, will add to my short position if we go near 1.2575, will keep the DPs in mind.
  • #16,460
  • Nov 19, 2014 6:47am Nov 19, 2014 6:47am
Waiting for Geppy to make a decision ... meanwhile in USD/CAD land:
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Fix up, trade sharp ...
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