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Geppy's Geppy Thread (GBP/JPY)

  • #16,521
  • Nov 19, 2014 2:02pm Nov 19, 2014 2:02pm
Quoting MudraGuru
i am the fool of the day... i am advocating since last one week that GJ will cross 185 and i myself closed all my long positions at 183.30 and went short.. now in a loss of around 160 pips and put my SLs at 185.20 .... Learned a big lesson... Although at 185.20 i would be at BE or may be in some profit but i could have done better. Poor me
185.16 is my pending order to go down,tp is 100 pips
i hope that will not hit ur sl sir,but,u may move it a little up,thats up to u
  • #16,522
  • Nov 19, 2014 2:05pm Nov 19, 2014 2:05pm
Quoting Hickson
{quote} You can never be perfect in this crazy market. I also only took half of today's possible profit, had just one buy and cashed the + 80 too early. Well, at least BE after a mistake for you, so no drama.
thanks Hickson...
but i m really feeling bad.. this was the first time when i waited for almost 2 days to get buy position triggered and still couldnt do the best..

anyway going to sleep otherwise i will make more mistakes ... dont wanna see my SLs being hit... neither wanna move them emotionally...
  • #16,523
  • Nov 19, 2014 2:33pm Nov 19, 2014 2:33pm
Quoting MudraGuru
{quote} thanks Hickson... but i m really feeling bad.. this was the first time when i waited for almost 2 days to get buy position triggered and still couldnt do the best.. anyway going to sleep otherwise i will make more mistakes ... dont wanna see my SLs being hit... neither wanna move them emotionally...
Wait until you really take a huge loss after waiting for days and weeks to earn the fruit of your work and then make a mistake based on emotions ... THEN you feel bad. I did it all.
Fix up, trade sharp ...
  • #16,524
  • Nov 19, 2014 2:51pm Nov 19, 2014 2:51pm
Quoting MudraGuru
{quote} thanks Hickson... but i m really feeling bad.. this was the first time when i waited for almost 2 days to get buy position triggered and still couldnt do the best.. anyway going to sleep otherwise i will make more mistakes ... dont wanna see my SLs being hit... neither wanna move them emotionally...

I Did the same thing - I changed bias too quick
  • #16,525
  • Nov 19, 2014 3:26pm Nov 19, 2014 3:26pm
Now it is getting really interesting ... retracement or just walk through?
Fix up, trade sharp ...
  • #16,526
  • Nov 19, 2014 4:13pm Nov 19, 2014 4:13pm
Quoting Hickson
Now it is getting really interesting ... retracement or just walk through?
Danged if I know, atm I have long orders above and short orders below,,, Ill just fill in the blanks after one picks up.
  • #16,527
  • Edited 4:28pm Nov 19, 2014 4:15pm | Edited 4:28pm
The highlited area is the zone the market will now be regaining as a zone of demand on the back of an improving British economy. 198.00 is the next target. Overall we are on the way to new highs.
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  • #16,528
  • Nov 19, 2014 4:58pm Nov 19, 2014 4:58pm
Quoting TheBody
Long 181.846. SL 181.446. Target 185.246
Target hit!
  • #16,529
  • Nov 19, 2014 5:27pm Nov 19, 2014 5:27pm
Quoting Hickson
{quote} Wait until you really take a huge loss after waiting for days and weeks to earn the fruit of your work and then make a mistake based on emotions ... THEN you feel bad. I did it all.
  • #16,530
  • Nov 19, 2014 7:17pm Nov 19, 2014 7:17pm
closed my longs from a low of 181ish... now trying to catch a short short until I can reload on longs again. I've never been a great counter trend trader so right now it feels like gambling on a small retrace... we'll see. Slightly in profit right now after covering the spread, but not enough to set a BE stop.... because it is at the top I went a little bigger in lot size than usual. I suck at selling tops......


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  • #16,531
  • Nov 19, 2014 7:38pm Nov 19, 2014 7:38pm
Quoting Oser
closed my longs from a low of 181ish... now trying to catch a short short until I can reload on longs again. I've never been a great counter trend trader so right now it feels like gambling on a small retrace... we'll see. Slightly in profit right now after covering the spread, but not enough to set a BE stop.... because it is at the top I went a little bigger in lot size than usual. I suck at selling tops...... {image}

lol, out at a little better than Break Even - I don't have the stomach to counter trend trade... I'm loading back up on longs... I may have some draw down, but I am more comfortable with that for some reason than counter trend trading... all fundamentals point long - 120 U/J.... who knows with the dragon.... :: the PA right now does not support short IMO but as soon as I say that it could shoot down....

good luck all, I hope everyone was able to profit from these recent moves - up or down pips are to be had...


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  • #16,532
  • Nov 19, 2014 8:04pm Nov 19, 2014 8:04pm
It's possible that UJ at 118.3 has enough significance for at least a short hold.

UJ entered into this present up trend at 102.5 and retested its support for the last time at 101.8 on or about August 18. Since then it has moved 1650 pips. UJ's monthly pivot sits exactly at the mid point of that distance, being 109.9, so it's reached a point that is equal to the distance above and below centre.
  • #16,533
  • Nov 19, 2014 8:13pm Nov 19, 2014 8:13pm
Quoting TheBody
{quote} Target hit!
nice trade... u gonna load up another long??
  • #16,534
  • Nov 19, 2014 8:14pm Nov 19, 2014 8:14pm
http://www.zerohedge.com/news/2014-1...sh-7-year-lows

http://www.zerohedge.com/news/2014-0...hart-investors

For your viewing pleasure if anyone is interested in a good read - nice analysis on what is happening...

Added some buy limits on both pairs, hope for a drop to fill the orders...
  • #16,535
  • Nov 19, 2014 8:51pm Nov 19, 2014 8:51pm
Quoting Oser
http://www.zerohedge.com/news/2014-1...sh-7-year-lows http://www.zerohedge.com/news/2014-0...hart-investors For your viewing pleasure if anyone is interested in a good read - nice analysis on what is happening... Added some buy limits on both pairs, hope for a drop to fill the orders...

Good reading,really ....the ECB changed the protocol on jpy pairs from what they instituted in 2007.....to back to how it was on the run up to 251.11

back when the price action was down around 124.xx........been long since.
  • #16,536
  • Nov 19, 2014 9:02pm Nov 19, 2014 9:02pm
Quoting Gbp/jpy
{quote} Good reading,really ....the ECB changed the protocol on jpy pairs from what they instituted in 2007.....to back to how it was on the run up to 251.11 back when the price action was down around 124.xx........been long since.
what's up man? how have these recent moves north been treating you?
  • #16,537
  • Edited 11:20pm Nov 19, 2014 9:38pm | Edited 11:20pm
If this trend is even somewhat correct, I think we're going to see some selling today. Still looking bullish overall, but might have a day or two of shorts to close out the week this week before resuming its movement upwards.
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edit: Just took another stab at the 4h trend. This one seems to be a bit more accurate than the last. Still showing signs of going bearish for the day, but a more accurate resistance level. Just wondering when this bastard will finally take a bear turn. I know the whole MPC minutes thing was all nice and sweet, but Carney's speech was almost the polar opposite of it. At any rate, I'm preparing for a correction long-term. This pair's been overbought for over a year now.
  • #16,538
  • Nov 20, 2014 12:43am Nov 20, 2014 12:43am
Attached Image (click to enlarge)
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double breakout
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p on the top tl 186.400???
  • #16,539
  • Nov 20, 2014 3:26am Nov 20, 2014 3:26am
Looks like no man's land to me. No idea. Stressful demands by colleagues at the office and therefore flat.
Fix up, trade sharp ...
  • #16,540
  • Nov 20, 2014 3:33am Nov 20, 2014 3:33am
Should have bought some cable though ...
Fix up, trade sharp ...
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