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Geppy's Geppy Thread (GBP/JPY)

  • #16,921
  • Jan 13, 2015 11:07am Jan 13, 2015 11:07am
Quoting js5020
The longer this goes on the more 175ish becomes a possibility.
175 is definitely not far from reach
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  • #16,922
  • Jan 13, 2015 11:27am Jan 13, 2015 11:27am
i am getting there to my target at 176.3x . Chart below

https://www.tradingview.com/v/65Q0gX9w/

Quoting Geppy
{quote} 175 is definitely not far from reach
  • #16,923
  • Jan 13, 2015 11:33am Jan 13, 2015 11:33am
Quoting ssaqeel
i am getting there to my target at 176.3x . Chart below https://www.tradingview.com/v/65Q0gX9w/ {quote}
Very nice chart, ssaqeel. I love it when people post stuff like this. Keep it up!
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  • #16,924
  • Jan 13, 2015 1:22pm Jan 13, 2015 1:22pm
Thanks Geppy it means a lot to me specially when it comes from you.

I have a similar chart and same situation EJ as well

https://www.tradingview.com/v/62S7s2ky/


Quoting Geppy
{quote} Very nice chart, ssaqeel. I love it when people post stuff like this. Keep it up!
  • #16,925
  • Jan 13, 2015 1:33pm Jan 13, 2015 1:33pm
Quoting ssaqeel
Thanks Geppy it means a lot to me specially when it comes from you. I have a similar chart and same situation EJ as well https://www.tradingview.com/v/62S7s2ky/ {quote}
Nice.

EURJPY has been a great money-maker for me both this and last week. I'm actually watching the lower timeframes for more shorts on EURJPY and geppy right now.
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  • #16,926
  • Jan 13, 2015 4:32pm Jan 13, 2015 4:32pm
Many questions are about to be answered. UJ heading on down towards 116.9 - will it hold as the base of a triangle? Or will it drop straight through en route 115/114?
  • #16,927
  • Jan 13, 2015 4:41pm Jan 13, 2015 4:41pm
Quoting Mpt
Many questions are about to be answered. UJ heading on down towards 116.9 - will it hold as the base of a triangle? Or will it drop straight through en route 115/114?
Definitely! And I can't wait for the answers
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  • #16,928
  • Jan 13, 2015 6:45pm Jan 13, 2015 6:45pm
New lows... not by much, but still progress.
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  • #16,929
  • Jan 13, 2015 7:34pm Jan 13, 2015 7:34pm
Most Yen pairs are sitting on what would normally be good support (s). Should they fail in unison ... ? ..... .. there'll be one very long (and red) monthly candle.
  • #16,930
  • Jan 13, 2015 7:41pm Jan 13, 2015 7:41pm
Quoting Mpt
Most Yen pairs are sitting on what would normally be good support (s). Should they fail in unison ... ? ..... .. there'll be one very long (and red) monthly candle.
Well, hey... if we're talking the monthly chart the high 150s could be a target. Looks like a nice area that we broke up through and was never retested as support.
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  • #16,931
  • Jan 13, 2015 7:44pm Jan 13, 2015 7:44pm
In long with first scale in filled 177.934 Second scale in at 176.30 SL 173.
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  • #16,932
  • Jan 13, 2015 7:51pm Jan 13, 2015 7:51pm
Quoting thegmann
In long with first scale in filled 177.934 Second scale in at 176.30 SL 173. {image} {image} {image}
That's one heck of a SL! Good luck to you, sir.
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  • #16,933
  • Jan 13, 2015 7:57pm Jan 13, 2015 7:57pm
Quoting Geppy
{quote} Well, hey... if we're talking the monthly chart the high 150s could be a target. Looks like a nice area that we broke up through and was never retested as support.
I would imagine if it followed that path, it would run right down to about 169/170 for a large bounce. 158/163/monthly cloud has never been tested. But I still think this a correction and not yet the 'big one'. We'll see if the 177 and 176 areas hold up. Everything appears to hold at various supports but that can change - as well we know.
  • #16,934
  • Jan 13, 2015 8:00pm Jan 13, 2015 8:00pm
173 is intelligent as it's the 76% retracement - below which it would be unlikely to be a 'standard ' correction.
  • #16,935
  • Jan 13, 2015 8:08pm Jan 13, 2015 8:08pm
Quoting Geppy
{quote} That's one heck of a SL! Good luck to you, sir.
  • #16,936
  • Jan 13, 2015 8:10pm Jan 13, 2015 8:10pm
i have 176.30 ( 61.8%) and 173.19 (76% this is the place where my lower trendline ) on daily for swing 168.16-189.46)
https://www.tradingview.com/v/65Q0gX9w/

Quoting Mpt
173 is intelligent as it's the 76% retracement - below which it would be unlikely to be a 'standard ' correction.
  • #16,937
  • Jan 13, 2015 9:42pm Jan 13, 2015 9:42pm
Quoting Mpt
{quote} I would imagine if it followed that path, it would run right down to about 169/170 for a large bounce. 158/163/monthly cloud has never been tested. But I still think this a correction and not yet the 'big one'. We'll see if the 177 and 176 areas hold up. Everything appears to hold at various supports but that can change - as well we know.
We definitely could be finding a bottom, honestly though... that never matters to me. I trade the most favorable trend in between the 15 min and 1 hour timeframes generally. If I miss catching a bottom or top, that's fine... there will be plenty of time to make money once the tide turns.
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  • #16,938
  • Jan 14, 2015 6:11am Jan 14, 2015 6:11am
Things are looking a bit nuts, all. I'm out of all positions for now and will re-evaluate. The landscape seems to be changing a bit with the lower than expected consumer spending data. It seems there are now more questions as to how well the US economy is actually doing and that could weigh on the previous USD strength.
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  • #16,939
  • Jan 14, 2015 7:01am Jan 14, 2015 7:01am
Geppy where are you hiding?
  • #16,940
  • Jan 14, 2015 8:47am Jan 14, 2015 8:47am
Quoting FX-Ray
Geppy where are you hiding?
Me? not hiding at all, bud. Just hanging here for a bit.
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