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Geppy's Geppy Thread (GBP/JPY)

  • #16,881
  • Jan 7, 2015 1:21pm Jan 7, 2015 1:21pm
Good to see you here MPT. It's time for the GBP/USD, AUD/USD and EUR/USD to shine now. The USD bull trade is off now. Enjoy plenty of pips. Long EUR/USD from 118.12
Be humble or be humbled.
  • #16,882
  • Jan 7, 2015 1:22pm Jan 7, 2015 1:22pm
180 being mad stubborn
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  • #16,883
  • Jan 7, 2015 2:50pm Jan 7, 2015 2:50pm
Gidday GBP/JPY

Took a hit playing both ways

all good on the shorts

but ditching longs 2k

Teach me for being to greedy

All good been down to the doctors

an bought my self a brand new asshole

Things are almost back to normal

Time for bit off revenge trading:nerd:
  • #16,884
  • Jan 7, 2015 9:23pm Jan 7, 2015 9:23pm
Quoting thegmann
180 being mad stubborn {image}
Never under-estimate the ability of this pair to turn an apparent (and obvious) down move into a total retrace. 180.1/2 formed a base for an up-move, with targets being 180.9, 181.3 or 181.9. At least one of those should hit - if not the whole damn lot. It's what happens after that is the question.

Is this a mere correction, or is it the start of a climb up? GJ has a unique feature that can make a trend move look exactly like a correction - and vice versa. Just playing 'pretend', should it somehow get back to 185 this week, any retrace might well be somewhat limited before it break back up again with strength.

The significance of 185 ish in that case would be where price again meets the gap TL from the week's open, also coinciding with the gap TL going back to 172.
  • #16,885
  • Jan 7, 2015 9:30pm Jan 7, 2015 9:30pm
Quoting Mpt
{quote} Never under-estimate the ability of this pair to turn an apparent (and obvious) down move into a total retrace. 180.1/2 formed a base for an up-move, with targets being 180.9, 181.3 or 181.9. At least one of those should hit - if not the whole damn lot. It's what happens after that is the question. Is this a mere correction, or is it the start of a climb up? GJ has a unique feature that can make a trend move look exactly like a correction - and vice versa. Just playing 'pretend', should it somehow get back to 185 this week, any retrace might...
My charts are saying that it will hit 172 but this time I don't know why but I don't want to believe my chart. lol
Money never sleeps I can hear the dollar calling me
  • #16,886
  • Jan 7, 2015 9:31pm Jan 7, 2015 9:31pm
Quoting Temujin
Good to see you here MPT. It's time for the GBP/USD, AUD/USD and EUR/USD to shine now. The USD bull trade is off now. Enjoy plenty of pips. Long EUR/USD from 118.12
Hi mate. I REALLY would not be surprised to see GU turn up soon for at least a retrace. Its downside momentum does seem to be dropping away.
  • #16,887
  • Jan 7, 2015 9:43pm Jan 7, 2015 9:43pm
Quoting shivam332
{quote} My charts are saying that it will hit 172 but this time I don't know why but I don't want to believe my chart. lol
That's what I was alluding to. It's obvious to see a loss of this area causing it to head down, effectively as a H&S type formation. Yeah, in that case it may hit where you suggest and any bounce up would struggle to get back to 187/189, probably ahead of an even larger down move later. But right now, maybe the LEAST obvious path may yet turn out to be right. It's happened SO often that I'm always sceptical and a little cautious about just assuming it's going to keep heading down.

I guess I'm just keeping my options open. But the lack of conviction to the upside is getting tiresome.
  • #16,888
  • Jan 7, 2015 10:07pm Jan 7, 2015 10:07pm
Quoting Mpt
{quote} That's what I was alluding to. It's obvious to see a loss of this area causing it to head down, effectively as a H&S type formation. Yeah, in that case it may hit where you suggest and any bounce up would struggle to get back to 187/189, probably ahead of an even larger down move later. But right now, maybe the LEAST obvious path may yet turn out to be right. It's happened SO often that I'm always sceptical and a little cautious about just assuming it's going to keep heading down. I guess I'm just keeping my options open. But the lack of...
Any break above 182 could lead us to 185-186 again and if this time it breaks 182 we surely ain't coming down without seeing 190-192.
I will stay out until I get clear indication.
Money never sleeps I can hear the dollar calling me
  • #16,889
  • Jan 7, 2015 10:57pm Jan 7, 2015 10:57pm
Quoting shivam332
{quote} Any break above 182 could lead us to 185-186 again and if this time it breaks 182 we surely ain't coming down without seeing 190-192. I will stay out until I get clear indication.
Your argument is the same as mine. But, still, the lack of upside movement is of some concern.
  • #16,890
  • Jan 7, 2015 11:26pm Jan 7, 2015 11:26pm
Quoting Mpt
{quote} Your argument is the same as mine. But, still, the lack of upside movement is of some concern.
Money never sleeps I can hear the dollar calling me
  • #16,891
  • Jan 8, 2015 4:12am Jan 8, 2015 4:12am
Got hit down at 180.9 (no surprises) but maintained over the central 180/180.1 pivot area. More crap to overcome at 180.7/9, but should it pass there, it's good for higher.

Should it lose 179.5/8 decisively, it's short. Until then it remains long. At least into the 182 area.
  • #16,892
  • Jan 10, 2015 7:58pm Jan 10, 2015 7:58pm
Correction should be expected.
  • #16,893
  • Jan 12, 2015 5:39pm Jan 12, 2015 5:39pm
Is this thread dead, or what?!
check out my blog: forexmademillionaire dot com
  • #16,894
  • Edited 6:26pm Jan 12, 2015 6:07pm | Edited 6:26pm
Quoting Geppy
Is this thread dead, or what?!
Maybe, Just waiting for the dump, brought to you by the letters U & J. But, yet gain, it still has to move under 178.5/178.8 and 178. If so, 177.2 ish may yet hold it up. Only under there are we talking the 176/175 - down to 173 area.
  • #16,895
  • Jan 12, 2015 6:58pm Jan 12, 2015 6:58pm
Quoting Mpt
{quote} Maybe, Just waiting for the dump, brought to you by the letters U & J. But, yet gain, it still has to move under 178.5/178.8 and 178. If so, 177.2 ish may yet hold it up. Only under there are we talking the 176/175 - down to 173 area.
Seeing a good start with that drop. It finally hit my first of three TPs, so that's nice. The rest of the trade is now a free-roll for me
check out my blog: forexmademillionaire dot com
  • #16,896
  • Jan 12, 2015 7:07pm Jan 12, 2015 7:07pm
And if anyone is curious, I've opened my trade explorer up here:

http://www.forexfactory.com/geppy#88
check out my blog: forexmademillionaire dot com
  • #16,897
  • Jan 12, 2015 7:15pm Jan 12, 2015 7:15pm
19 traders currently viewing and nobody will saw a peep? Sheesh, what's up with that!
check out my blog: forexmademillionaire dot com
  • #16,898
  • Jan 12, 2015 7:36pm Jan 12, 2015 7:36pm
Quoting Geppy
19 traders currently viewing and nobody will saw a peep? Sheesh, what's up with that!
Once upon a time the best of the best used to occupy these GJ forums, but nowadays it seems that many folks aren't interested in talking/debating/analysing this pair.

More so, it appears the preference is to be spoon fed pip by pip trade calls. A pity really, because in just following others, the chance to really learn and think for yourself is significantly reduced.
  • #16,899
  • Jan 12, 2015 8:17pm Jan 12, 2015 8:17pm
Quoting Mpt
{quote} Once upon a time the best of the best used to occupy these GJ forums, but nowadays it seems that many folks aren't interested in talking/debating/analysing this pair. More so, it appears the preference is to be spoon fed pip by pip trade calls. A pity really, because in just following others, the chance to really learn and think for yourself is significantly reduced.
My view on GJ is it will hit 175.xx lets wait and watch
Money never sleeps I can hear the dollar calling me
  • #16,900
  • Jan 12, 2015 8:37pm Jan 12, 2015 8:37pm
Quoting shivam332
{quote} My view on GJ is it will hit 175.xx lets wait and watch
You could end up being right. Compare the daily UJ and GJ charts - side by side. UJ sits today about where GJ sat 7~8 days ago. That might mean nothing, but if you then compare the weekly charts, UJ may well be sitting at 114 next week, which equates to where GJ sits now.
20 traders viewing now