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Geppy's Geppy Thread (GBP/JPY)

  • #16,781
  • Dec 5, 2014 11:37am Dec 5, 2014 11:37am
Gidday GBP/JPY


Well been some great moves going on

Looking to pend longs lower down 1.87+ to 1.89+

Got my YEN bus loaded up

so have to be care full in the cross pairs

Weary of the nasty Yen retrace

which has not happened.
  • #16,782
  • Dec 7, 2014 5:16pm Dec 7, 2014 5:16pm
I hope everyone had a great weekend. I just returned from a friend's wedding in Orange County. It was a blast!

My bias is still long for GBP/JPY this week and just completed a write up here: http://www.forexmademillionaire.com/...her-this-week/

Trying to start a blog and keep it updated as that seems to be a more efficient way for me to stay accountable to myself (if that makes sense).
check out my blog: forexmademillionaire dot com
  • #16,783
  • Dec 7, 2014 5:22pm Dec 7, 2014 5:22pm
Quoting Geppy
I hope everyone had a great weekend. I just returned from a friend's wedding in Orange County. It was a blast! My bias is still long for GBP/JPY this week and just completed a write up here: http://www.forexmademillionaire.com/...her-this-week/ Trying to start a blog and keep it updated as that seems to be a more efficient way for me to stay accountable to myself (if that makes sense).
You are the man Geppy! I will have a look at that for sure!
Fix up, trade sharp ...
  • #16,784
  • Edited 6:43am Dec 8, 2014 6:24am | Edited 6:43am
An up trend that possibly masked itself as a rising wedge - acting much as would a rising wedge.

Now folks see a correction - that could be long , messy or deep. There's already an array of possible layouts for a correction being thrown around on these and other forums. What if it's an up trend masking itself as a correction?
  • #16,785
  • Dec 8, 2014 11:03am Dec 8, 2014 11:03am
Just updated my short-term target for my longs.

TL;DR -- I'm looking for 190.83

Want to know more/why? Read here: http://www.forexmademillionaire.com/...t-term-target/
check out my blog: forexmademillionaire dot com
  • #16,786
  • Dec 9, 2014 1:55am Dec 9, 2014 1:55am
Quoting Mpt
An up trend that possibly masked itself as a rising wedge - acting much as would a rising wedge. Now folks see a correction - that could be long , messy or deep. There's already an array of possible layouts for a correction being thrown around on these and other forums. What if it's an up trend masking itself as a correction?
It better not turn 187.5/188.2 into resistance
  • #16,787
  • Dec 9, 2014 2:25am Dec 9, 2014 2:25am
​​Feels like Christmas 2012 all over again.
  • #16,788
  • Dec 9, 2014 2:32am Dec 9, 2014 2:32am
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  • #16,789
  • Dec 9, 2014 3:42am Dec 9, 2014 3:42am
Attached Image (click to enlarge)
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  • #16,790
  • Dec 9, 2014 8:28am Dec 9, 2014 8:28am
Quoting Mpt
​​Feels like Christmas 2012 all over again.
Don't remember that, but looking back it rallied through the end of 2012.

Looks like it's going to be decision time soon here. Either we bounce of the 200ema on the 4-hour or continue lower...
check out my blog: forexmademillionaire dot com
  • #16,791
  • Dec 9, 2014 9:01am Dec 9, 2014 9:01am
Got some pending shorts in slightly above with tight stops. I hate trading against the overall trend, but the short-term seems to be corrective. We could have more to run yet that's for sure.
check out my blog: forexmademillionaire dot com
  • #16,792
  • Dec 9, 2014 9:21am Dec 9, 2014 9:21am
Quoting Geppy
Got some pending shorts in slightly above with tight stops. I hate trading against the overall trend, but the short-term seems to be corrective. We could have more to run yet that's for sure.
WOW! Literally took a shower, came out and found I'd been filled and was 100 pips in the money... had to do a double take lol
check out my blog: forexmademillionaire dot com
  • #16,793
  • Dec 10, 2014 1:03am Dec 10, 2014 1:03am
Hey all, been a while since I've been on this thread. Been spending a lot of time in FX-Ray's Dragon Rider's thread.

There's been a LOT of big moves lately, especially during the asian session which is pretty uncharacteristic. A couple of guys I'm learning from on another site attribute it to a lot of the big boys taking december off. Which seems to line up with when all these massive, seemingly random 15m spikes started popping up. After this week, I'm probably going to take the rest of the month off myself. This is just too crazy for my newbie self right now.

Anyhoo, here's my take on the beast via the 4h chart. It's remained in this channel since the first huge push north after Kuroda dropped the bomb on the yen. It's been sitting around support right now for a while, even pierced it a couple of times, but still remains in there. So my overall take is it's still going bull.

As always, if anyone sees differently, feel free to critique my post.
Attached Image (click to enlarge)
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  • #16,794
  • Edited 6:25am Dec 10, 2014 5:49am | Edited 6:25am
It's trying to build a rising channel (1/4hr). Might make 188.5/8 or so on the next pass, before dropping back into 187/188ish again. Then (maybe) another thrust from there to new highs.

All dependent, of course, on getting past 188 this time (and any time soon)

Not getting past 187.9/188 would not be cool from a bullish standpoint.
  • #16,795
  • Edited 11:33am Dec 10, 2014 8:46am | Edited 11:33am
Quoting 4xNewGuy
Hey all, been a while since I've been on this thread. Been spending a lot of time in FX-Ray's Dragon Rider's thread. There's been a LOT of big moves lately, especially during the asian session which is pretty uncharacteristic. A couple of guys I'm learning from on another site attribute it to a lot of the big boys taking december off. Which seems to line up with when all these massive, seemingly random 15m spikes started popping up. After this week, I'm probably going to take the rest of the month off myself. This is just too crazy for my newbie...
Hey 4xNG! Nice to see you here.

Honestly, I can't tell if that's a buy or sell on your chart.

I was biased to the long side early this week, but my longs got stopped out and I took a big hit to my account I'm trying to start from scratch (just $200). Now my bias has switched to playing the short side. I think we're still in an overall uptrend, but it seems like maybe a deeper correction is due.

I could see us dropping to the low 184s/high-mid 183s but I'd have to see a break of the 200ema on the 4-hour to be convinced we go further down than that. Time will tell but I'm currently holding shorts.
check out my blog: forexmademillionaire dot com
  • #16,796
  • Dec 10, 2014 10:49am Dec 10, 2014 10:49am
Quoting Geppy
{quote} Hey 4xNG! Nice to see you here. Honestly, I can't tell if that's a buy or sell on your chart. I was biased to the long side early this week, but my longs got stopped out and I took a big hit to my account I'm trying to start from scratch (just $200). Now my bias has switched to playing the short side. I think we're still in an overall uptrend, but it seems like maybe a deeper correction is due. I could see us dropping to the low 124s/high-mid 123s but I'd have to see a break of the 200ema on the 4-hour to be convinced we go further...
Probably I lost you somewhere there.
  • #16,797
  • Dec 10, 2014 11:34am Dec 10, 2014 11:34am
Oops, sorry about that typo. I meant 184s/high-mid 183s
check out my blog: forexmademillionaire dot com
  • #16,798
  • Dec 10, 2014 11:44am Dec 10, 2014 11:44am
Quoting Geppy
Oops, sorry about that typo. I meant 184s/high-mid 183s
Lol... I skipped a beat there coming from Geppy.
  • #16,799
  • Dec 10, 2014 1:01pm Dec 10, 2014 1:01pm
Fresh lows for the day... will we take out yesterday's lows?
check out my blog: forexmademillionaire dot com
  • #16,800
  • Dec 10, 2014 1:07pm Dec 10, 2014 1:07pm
Quoting Geppy
Fresh lows for the day... will we take out yesterday's lows?

Doubt it. It'll likely bounce off around 185 at the worst case, but I don't know what happens once the bounce reaches around 186.40/70. We might test the pivot point resistance of 187.8, but I'd say that after this bounce, we'll have a definite chance for even lower prices for the geppy.

I just managed to break even after operating in hundreds of dollars in losses from the geppy. Market is insane. My weekly profit stands at a measly $440 right now

edit: Typo. $240 was supposed to be $440.

I say this is profit is "measly" because I'm supposed to have a lot more in profit; I essentially lost the profit I had.
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