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Geppy's Geppy Thread (GBP/JPY)

  • #17,241
  • Jun 27, 2016 9:18pm Jun 27, 2016 9:18pm
Quoting Geppy
The 136.00 level we talked about has been hit, but it feels like it wants to go higher yet.
i got out my short this morning , gold starting selling of and dragon , usdjpy starting going up - looks like they may try close the gap 137 area today
  • #17,242
  • Jun 27, 2016 9:30pm Jun 27, 2016 9:30pm
I'm going for long now. Take profit at 139.00. Just below the close gap level. BOJ starting to talk about the easing.
  • #17,243
  • Jun 27, 2016 10:50pm Jun 27, 2016 10:50pm
Quoting Pip-Miner
{quote} i got out my short this morning , gold starting selling of and dragon , usdjpy starting going up - looks like they may try close the gap 137 area today
Yeah man, I've been out of my shorts for awhile and long. Stop is in profit now, so letting it ride for time being. Planning on taking a third of it off at 136.50 should we get there though.
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  • #17,244
  • Jun 28, 2016 2:18am Jun 28, 2016 2:18am
How low can the dragon go tonight?... any takers?
  • #17,245
  • Jun 28, 2016 3:34am Jun 28, 2016 3:34am
Quoting petehnm
How low can the dragon go tonight?... any takers?
Wait for the retracement after the chart close its gap at 139.00. Still waiting for it to get there.
  • #17,246
  • Jun 28, 2016 7:02am Jun 28, 2016 7:02am
Quoting petehnm
How low can the dragon go tonight?... any takers?
If you read back even a few posts, it's pretty clear most of us here are short-term bullish. Still holding my longs, now 200 pips in profit. Doesn't seem like she's ready to give up just yet.

I wouldn't be surprised if we had a positive day, or at least flat, in US equities today. That would help lend support to Geppy.
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  • #17,247
  • Jun 28, 2016 7:19am Jun 28, 2016 7:19am
Stop moved to 136.00 (red line in chart). That locks in 142 pips of gains for sure now:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-06-28 05.18.10.png Size: 59 KB
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  • #17,248
  • Jun 28, 2016 10:25am Jun 28, 2016 10:25am
Hey gang, I've parted ways with all of my shorts at 136.90 -- a solid 232 pip gain.

I could be getting out too early, but that's ok. I need some time to let my mind sit with an unbiased viewpoint and look for signs that the rally is stalling. Kinda feels like it already is unless we can push to higher highs soon.
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  • #17,249
  • Jun 28, 2016 10:37am Jun 28, 2016 10:37am
one leg down from here maybe
4H RSI overbought.
(USDJPY)

uncertainty pushes JPY north and the water is not crystal clear yet.
  • #17,250
  • Jun 28, 2016 10:38am Jun 28, 2016 10:38am
Quoting Geppy
Hey gang, I've parted ways with all of my shorts at 136.90 -- a solid 232 pip gain. I could be getting out too early, but that's ok. I need some time to let my mind sit with an unbiased viewpoint and look for signs that the rally is stalling. Kinda feels like it already is unless we can push to higher highs soon.
Well, that didn't take me long. Short now:

Attached Image (click to enlarge)
Click to Enlarge Name: fxtrade.png Size: 169 KB


I could be early, and will cut it if it starts running higher again. But I like taking a stab here.
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  • #17,251
  • Jun 28, 2016 10:43am Jun 28, 2016 10:43am
Quoting Geppy
{quote} Well, that didn't take me long. Short now: {image} I could be early, and will cut it if it starts running higher again. But I like taking a stab here.
Have not seen the OANDA trading platform in a while. Looks interesting with the net long and short. Is your account by any chance a hedging enabled account?
A 1 pip gain is better than a 1 pip loss.
  • #17,252
  • Jun 28, 2016 10:49am Jun 28, 2016 10:49am
Quoting aeternum
{quote} Have not seen the OANDA trading platform in a while. Looks interesting with the net long and short. Is your account by any chance a hedging enabled account?
There's no hedging allowed that I'm aware of. They do something a bit odd with the "current long" stuff. That's just their way of saying "this is the price you'd trade at to buy right now". They do the same thing when I close positions. The ticket will say "long" when I closed a short and "short" when I closed a long.

I don't get it, but whatever.
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  • #17,253
  • Jun 28, 2016 10:50am Jun 28, 2016 10:50am
I just have to post this here too:

So, remember our resident n00b that had been ripping at me, and others, for trading (smartly may I add) during the UK referendum? I'll refresh your memory.

Quoting GJscalper
{quote} Would it be safe to say that you "banked" on luck. I mean think about high impact news being released and you go to sleep after. The reality is many of us like to "Monday morning"quaterback calls. A person can have all the experience in the world, but your experience or what you believe will happen place no role in what actually happens. In this event people were able to trade the crazy price action, where as in others we have seen people get locked out of their brokers. Clearly high impact news trading is pure luck and it gets away from...
Quoting GJscalper
{quote} This was his last post within this thread, and then the next one was "Look everyone, I am super master because I knew it would drop and here is my profit". However no trade explorer or anything third party source that the account was actually live, or that the trade was actually his. Ego and lying as a funny way of coming back to hunt peopole, which is why they never post their trade explorer, but only modified screenshots of their "accounts". If you are a high impact member, you should lead by example. Simply stating that you entered during...
Quoting GJscalper
Look at that 400 pip gap. Many account opened up margin called. Only even consider the call of someone unless they have a trade explorer. Many people are here to sell you subscription to their calls, but why would I do that when I can make more from PAMM service? You have to learn that the holy grail isn't real, but you being able to learn patterns is much higher than say a Monkey trading currency. Everything is in the charts. The only thing is you have to trade live as you backtested. In other words if you are looking at the 1m your only...
Our boy has gone radio silent for the last 24 hours or so. I haven't seen him on any threads. Even after I saw him taunting people on the GBP/USD thread yesterday.

And so, since I'm such a caring, loving guy, I thought I'd check up on him and his amazing trade explorer he always points to as a sign of his expertise. Yes, this:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-06-28 08.42.44.png Size: 130 KB


The lesson here, folks?

#1: Don't be a douche bag. The guy came out attacking me for no reason except the fact I posted a screenshot with my profits from a trade. The only reason someone gets angry at you for something like that is because they resent you and are jealous they can't do the same in their trading.

#2: When someone with very little history here on FF comes in and starts railing on anyone, let alone long-time, respected members of the FF community, be suspicious. This is not someone you should follow, trust, or believe has any skill. If they did, they wouldn't so clearly have something to prove.

#3: Karma is a bitch
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  • #17,254
  • Jun 28, 2016 10:52am Jun 28, 2016 10:52am
Quoting Geppy
{quote} There's no hedging allowed that I'm aware of. They do something a bit odd with the "current long" stuff. That's just their way of saying "this is the price you'd trade at to buy right now". They do the same thing when I close positions. The ticket will say "long" when I closed a short and "short" when I closed a long. I don't get it, but whatever.
I believe they introduced a hedging option for accounts not too long ago. I'm not sure if the timezone changes though, I think it might.

Yes, their platform is a little odd. Some people, like yourself, do get pretty clean charts out of it though.
A 1 pip gain is better than a 1 pip loss.
  • #17,255
  • Jun 28, 2016 10:59am Jun 28, 2016 10:59am
Quoting aeternum
{quote} I believe they introduced a hedging option for accounts not too long ago. I'm not sure if the timezone changes though, I think it might. Yes, their platform is a little odd. Some people, like yourself, do get pretty clean charts out of it though.
Hmm, even for US accounts? Sometimes I just buy/sell at market to do partial closes on positions and it just executes normally with no hedge. Haven't done that in a few weeks though, so who knows. I'd be surprised though, I don't think US regulation allows it.
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  • #17,256
  • Jun 28, 2016 11:03am Jun 28, 2016 11:03am
Quoting Geppy
{quote} Hmm, even for US accounts? Sometimes I just buy/sell at market to do partial closes on positions and it just executes normally with no hedge. Haven't done that in a few weeks though, so who knows. I'd be surprised though, I don't think US regulation allows it.
I'm not sure about that since I am living in Singapore. Yes, they usually do sell stops etc. I'm really bad with those terms though.

Well if you are keen to hedge, you may want to enquire about it. I use MT4 accounts and there is an additional option for hedging.
A 1 pip gain is better than a 1 pip loss.
  • #17,257
  • Jun 28, 2016 11:06am Jun 28, 2016 11:06am
Quoting aeternum
{quote} I'm not sure about that since I am living in Singapore. Yes, they usually do sell stops etc. I'm really bad with those terms though. Well if you are keen to hedge, you may want to enquire about it. I use MT4 accounts and there is an additional option for hedging.
Gotcha. I'm not big on hedging anyway. I look at it as what's the point? Unless I'm holding a position that I want to keep through a big news event and I truly want to hedge it (in the purest sense of the word), then yeah... I get it.

But most people just use the hedge to act as a sort of stop loss, planning to take both trades off for a profit. That just seems silly to me.
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  • #17,258
  • Jun 28, 2016 11:14am Jun 28, 2016 11:14am
Quoting Geppy
{quote} Gotcha. I'm not big on hedging anyway. I look at it as what's the point? Unless I'm holding a position that I want to keep through a big news event and I truly want to hedge it (in the purest sense of the word), then yeah... I get it. But most people just use the hedge to act as a sort of stop loss, planning to take both trades off for a profit. That just seems silly to me.
Yes indeed. I tried it once.. When I was.. I guess you could call it betting? By taking scalps both ways and closing everytime the position comes into my TP level.

This method fails so badly in a moving trend though.
A 1 pip gain is better than a 1 pip loss.
  • #17,259
  • Jun 28, 2016 1:43pm Jun 28, 2016 1:43pm
Hey all, something is smelling fishy to me.

SPY is currently threatening new highs, but GBP/JPY doesn't seem to be following.

This feels a lot like yesterday when we were seeing just the opposite. SPY was making new lows but GBP/JPY couldn't follow suit. That's when I decided to cut my shorts and go long.
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  • #17,260
  • Jun 28, 2016 3:41pm Jun 28, 2016 3:41pm
Hot off the presses, here's today's roundup: http://www.forexmademillionaire.com/...undup-6282016/
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