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Geppy's Geppy Thread (GBP/JPY)

  • #16,601
  • Nov 21, 2014 5:00am Nov 21, 2014 5:00am
Quoting Hickson
{quote} Still long, Stop to BE now.
Quoting IveGotQuads
Nice trade Hickson I got in @ 184.25 as well but it took me 2 tries. Read your earlier comment and I think it is profound that you are in the right track with letting your profits run. Maybe putting the trades in Break even was the better play but overall don't let it get to you. And don't fear Fridays unless its in your system or method which I doubt.
DP 185.20/00 close; good luck
  • #16,602
  • Nov 21, 2014 5:02am Nov 21, 2014 5:02am
Quoting IveGotQuads
{quote} I know the R:R is sick but too many forces against going short
from past experiences:

x/JPY correlation broken,
either GBP/JPY will go down
or
all of the others (disregard A/J - N/J : http://www.forexfactory.com/news.php?do=news&id=514427)

edit:

I don't mind taking hits, as I made +%60 return from
eur/gbp eur/nzd gbp/nzd gbp/aud
  • #16,603
  • Nov 21, 2014 5:04am Nov 21, 2014 5:04am
Quoting IveGotQuads
{quote} Nice trade Hickson I got in @ 184.25 as well but it took me 2 tries. Read your earlier comment and I think it is profound that you are in the right track with letting your profits run. Maybe putting the trades in Break even was the better play but overall don't let it get to you. And don't fear Fridays unless its in your system or method which I doubt.
Nice relativation, not everything is black and white, thanks. BE should have been the play instead.
Fix up, trade sharp ...
  • #16,604
  • Edited 5:19am Nov 21, 2014 5:04am | Edited 5:19am
Quoting FX-Ray
{quote} Pic(1): DP (3) 1.2566/64 (M5) Pic(2): DP (6) 1.2428/26 (M5) {image} {image}
(M5)

Long

Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: long_eu_1.png Size: 32 KB
  • #16,605
  • Nov 21, 2014 5:07am Nov 21, 2014 5:07am
Quoting FX-Ray
{quote} Pic(1): DP (3) 1.2566/64 (M5) Pic(2): DP (6) 1.2428/26 (M5) {image} {image}
We are in DP (6) as of now, getting piercing from the top, lets see if it holds. I think we should go under DP (7).

Did not enter in GJ trade but will wait as of now.
  • #16,606
  • Nov 21, 2014 5:09am Nov 21, 2014 5:09am
Quoting workingforex
{quote} We are in DP (6) as of now, getting piercing from the top, lets see if it holds. I think we should go under DP (7). Did not enter in GJ trade but will wait as of now.
(H1)

If DP 185.20/00 gets tested and holds as resistance next 182.80/60
Attached Image (click to enlarge)
Click to Enlarge Name: gj_tbt.png Size: 44 KB
  • #16,607
  • Nov 21, 2014 5:15am Nov 21, 2014 5:15am
just a small correction,
I would wait until bears clear away...

check
CAD/JPY
USD/JPY
GBP/JPY
CHF/JPY

before entering long positions,
by their nature x/JPY move in the same direction.
  • #16,608
  • Nov 21, 2014 5:21am Nov 21, 2014 5:21am
Quoting FX-Ray
{quote} (H1) If DP 185.20/00 gets tested and holds as resistance next 182.80/60 {image}
Very nicely explained, very helpful for understanding. Will keep a close watch and keep updating here.
  • #16,609
  • Nov 21, 2014 5:25am Nov 21, 2014 5:25am
Quoting workingforex
{quote} Very nicely explained, very helpful for understanding. Will keep a close watch and keep updating here.
May sound crazy but I expect a sentiment change to the downside. If 185.20/10/00 gets tested and expose itself as resistance I'll aim for 182.80/60 no matter what and add the whole way down.
  • #16,610
  • Nov 21, 2014 5:27am Nov 21, 2014 5:27am
Quoting openyoureyes
{quote} hope no one follows my trading calls I am still short ~184.500, SL: 184.700
moved SL to 185.250,

added another short @ 184.700 // SL: 184.757

pending sell stops for each 10 pips below 184.550
  • #16,611
  • Nov 21, 2014 5:32am Nov 21, 2014 5:32am
Quoting FX-Ray
{quote} May sound crazy but I expect a sentiment change to the downside. If 185.20/10/00 gets tested and expose itself as resistance I'll aim for 182.80/60 no matter what and add the whole way down.
plan for now
Attached Image (click to enlarge)
Click to Enlarge Name: selllimit_gj.png Size: 35 KB
  • #16,612
  • Nov 21, 2014 5:37am Nov 21, 2014 5:37am
Quoting MudraGuru
{quote} right now it may retrace till 184.65
After all its good to see a nice and profitable weekend ...since it has taken 184.65 level now it should retrace till 183.60 - 75 area, which is another fibo level...
  • #16,613
  • Nov 21, 2014 5:38am Nov 21, 2014 5:38am
Quoting FX-Ray
{quote} (M5) Long http://www.youtube.com/watch?v=SxThZpslbhE {image}
Im out.
  • #16,614
  • Nov 21, 2014 5:40am Nov 21, 2014 5:40am
Quoting FX-Ray
{quote} May sound crazy but I expect a sentiment change to the downside. If 185.20/10/00 gets tested and expose itself as resistance I'll aim for 182.80/60 no matter what and add the whole way down.
i dont think it would go below 183.30 level ... 183.70 is a fibo level, where it should reverse and move for 186.80 - 186.90...

there would be another reversal after printing 186.80 - 90 and finally it would aim fro 190 - 191 area...
  • #16,615
  • Nov 21, 2014 5:42am Nov 21, 2014 5:42am
Quoting FX-Ray
{quote} May sound crazy but I expect a sentiment change to the downside. If 185.20/10/00 gets tested and expose itself as resistance I'll aim for 182.80/60 no matter what and add the whole way down.
Yes as they say "Money is to be on both sides of the trend" but I will let it pass and watch it patiently, would long it at 182.80-60.

Will watch closely now and keep updating here the T/B/T -
  • #16,616
  • Nov 21, 2014 5:43am Nov 21, 2014 5:43am
Quoting MudraGuru
{quote} i dont think it would go below 183.30 level ... 183.70 is a fibo level, where it should reverse and move for 186.80 - 186.90... there would be another reversal after printing 186.80 - 90 and finally it would aim fro 190 - 191 area...
Dont pay attention to fibos but you can show a pic if you feel like
  • #16,617
  • Nov 21, 2014 5:46am Nov 21, 2014 5:46am
Quoting FX-Ray
{quote} plan for now {image}
I have long TP @ 185.40 will be watching with you ... but i think this will go higher if the bears Stop losses get hit
  • #16,618
  • Nov 21, 2014 5:47am Nov 21, 2014 5:47am
Quoting IveGotQuads
{quote} I have long TP @ 185.40 will be watching with you ... but i think this will go higher if the bears Stop losses get hit
Indeed possible my friend, time will tell
  • #16,619
  • Nov 21, 2014 5:48am Nov 21, 2014 5:48am
Quoting FX-Ray
{quote} Im out.
Moving towards DP (7) and below. I have some shorts (long-term), still not sure of TP, 1.22xx, technically it should go up but fundamentally it seem should go down, with December TLTRO's coming up and if they are taken up well, I would rather take my short before then!
  • #16,620
  • Nov 21, 2014 5:50am Nov 21, 2014 5:50am
Quoting workingforex
{quote} Moving towards DP (7) and below. I have some shorts (long-term), still not sure of TP, 1.22xx, technically it should go up but fundamentally it seem should go down, with December TLTRO's coming up and if they are taken up well, I would rather take my short before then!
Thats a point. I think there are still too many bears holding on to their positions. The market is very efficent in taking both(!) buyers and sellers out until it gets in the original direction.
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