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Geppy's Geppy Thread (GBP/JPY)

  • #16,961
  • Jan 14, 2015 9:05pm Jan 14, 2015 9:05pm
Quoting Sants
hello Geppy may i know your trading system based on what parameters?
I'll consider it once I have more data.
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  • #16,962
  • Jan 15, 2015 3:52am Jan 15, 2015 3:52am
anyone know why only chfjpy heading north but others jpy pair go south?
  • #16,963
  • Jan 15, 2015 3:54am Jan 15, 2015 3:54am
Quoting mikok730
anyone know why only chfjpy heading north but others jpy pair go south?
you haven't seen eurchf?
  • #16,964
  • Jan 15, 2015 3:56am Jan 15, 2015 3:56am
may I know what is the main reason?
  • #16,965
  • Jan 15, 2015 3:58am Jan 15, 2015 3:58am
Quoting mikok730
may I know what is the main reason?
go to forex live
  • #16,966
  • Jan 15, 2015 6:42am Jan 15, 2015 6:42am
Will be surprised to see 177 hold up. I fear a quick drop may be coming. Pity this wasn't CHFJPY. It only rose a mere 4000 pips today.
  • #16,967
  • Jan 15, 2015 8:52am Jan 15, 2015 8:52am
WOW, what a night! These moves are historical.

I had some EURJPY and GBPJPY shorts on before bed that hit some of their initial targets. I woke up earlier this morning, saw the carnage and decided to take profits on the remainder of the positions. I figured I may as well take what's there and let some of the dust settle.

I hope nobody got hurt on CHF pairs.
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  • #16,968
  • Jan 15, 2015 9:38am Jan 15, 2015 9:38am
Hey all, just wanted to leave another note and tell everyone to be careful out there today. All bets are off with the news on Swissy and it's probably going to stay volatile.
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  • #16,969
  • Jan 15, 2015 11:32am Jan 15, 2015 11:32am
If we break yesterday's lows, we could be in for some real pain.

Things are getting dicy, folks.
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  • #16,970
  • Jan 15, 2015 11:37am Jan 15, 2015 11:37am
Quoting Geppy
If we break yesterday's lows, we could be in for some real pain. Things are getting dicy, folks.
There goes yesterday's lows. Now let's see if we can get some follow through...
check out my blog: forexmademillionaire dot com
  • #16,971
  • Jan 15, 2015 11:41am Jan 15, 2015 11:41am
Quoting Geppy
{quote} There goes yesterday's lows. Now let's see if we can get some follow through...
Yup, I am watching this ... looks like 176 is on the cards.
Fix up, trade sharp ...
  • #16,972
  • Jan 15, 2015 11:43am Jan 15, 2015 11:43am
Quoting Hickson
{quote} Yup, I am watching this ... looks like 176 is on the cards.
Yeah, I've got my first target at 175.50... but I admit I'm playing this one aggressive. I think this is the beginning of something. I see lots of people trying to buy, and I'm not sure why you'd be trying to catch this falling knife.
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  • #16,973
  • Jan 15, 2015 11:47am Jan 15, 2015 11:47am
Quoting Geppy
{quote} Yeah, I've got my first target at 175.50... but I admit I'm playing this one aggressive. I think this is the beginning of something. I see lots of people trying to buy, and I'm not sure why you'd be trying to catch this falling knife.
Went short after the break with tight stop, why would I buy into this ... it is heavy.
Fix up, trade sharp ...
  • #16,974
  • Jan 15, 2015 11:57am Jan 15, 2015 11:57am
Quoting Geppy
{quote} Yeah, I've got my first target at 175.50... but I admit I'm playing this one aggressive. I think this is the beginning of something. I see lots of people trying to buy, and I'm not sure why you'd be trying to catch this falling knife.
Huge support zone, equivalent of previous down move, matches up with same thing that happened with sell off in January of the beginning of last year. The fact that Japan's printing money and Britain is not. Just a few reasons. Of course this is buying for the long term not a 200-300 pip move.

Buy when the markets scared.
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  • #16,975
  • Jan 15, 2015 11:59am Jan 15, 2015 11:59am
Quoting thegmann
{quote} Huge support zone, equivalent of previous down move, matches up with same thing that happened with sell off in January of the beginning of last year. The fact that Japan's printing money and Britain is not. Just a few reasons. Of course this is buying for the long term not a 200-300 pip move. Buy when the markets scared. {image} {image}
Support or not, I wouldn't be caught dead buying into this selloff. Why not just wait for a bounce and confirmation of a bottom?

Play the trend, make money, rinse/repeat.
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  • #16,976
  • Edited 12:16pm Jan 15, 2015 12:02pm | Edited 12:16pm
Quoting Geppy
{quote} Support or not, I wouldn't be caught dead buying into this selloff. Why not just wait for a bounce and confirmation of a bottom? Play the trend, make money, rinse/repeat.
Rather scale into it with small .0x lot buys at logical support zones. Why would I sell into huge monthly support zones?

Also I was already in before the SNB fiasco today that caused this crazy risk off mood. Of course we'll see what happens. SL 173
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  • #16,977
  • Jan 15, 2015 12:07pm Jan 15, 2015 12:07pm
Quoting Geppy
{quote} Support or not, I wouldn't be caught dead buying into this selloff. Why not just wait for a bounce and confirmation of a bottom? Play the trend, make money, rinse/repeat.
Hey Geppy - Happy New Year brother. Sell off working quite nicely as we talked about before Christmas ... eh? Levels falling like dominos.

Next overall target for me as of now is 174.828. We'll see how it goes. Lot's of ups & downs ahead me thinks.
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Ghost Rider - WWTBMD?
  • #16,978
  • Jan 15, 2015 12:20pm Jan 15, 2015 12:20pm
Quoting albchr
{quote} Hey Geppy - Happy New Year brother. Sell off working quite nicely as we talked about before Christmas ... eh? Levels falling like dominos. Next overall target for me as of now is 174.828. We'll see how it goes. Lot's of ups & downs ahead me thinks. {image}
Alb! Great to see you, my man!

I trust you had a great holiday season and are loving this action

174.80 is definitely a nice level to target. I wonder if it will hold...
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  • #16,979
  • Jan 15, 2015 12:22pm Jan 15, 2015 12:22pm
Quoting thegmann
{quote} Rather scale into it with small .0x lot buys at logical support zones. Why would I sell into huge monthly support zones? Also I was already in before the SNB fiasco today that caused this crazy risk off mood. Of course we'll see what happens. SL 173 {image}
Well, at least you're being smart about it. And I agree, the overall trend is up. I'm just playing the current trend (down) until we decide to find a bottom. It's all a matter of style and preference. For me, I'm ok waiting for a confirmed bottom because I know the opportunities will be abundant once it comes. For now, I'll play the opportunities being offered to me.
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  • #16,980
  • Jan 15, 2015 12:26pm Jan 15, 2015 12:26pm
Quoting Geppy
{quote} Well, at least you're being smart about it. And I agree, the overall trend is up. I'm just playing the current trend (down) until we decide to find a bottom. It's all a matter of style and preference. For me, I'm ok waiting for a confirmed bottom because I know the opportunities will be abundant once it comes. For now, I'll play the opportunities being offered to me.
Of course, I i'm not saying my way is better. I was just pointing out why someone would be buying here.
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