Geppy's Geppy Thread (GBP/JPY) | Page 866 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Geppy - Pick the bottom 18 replies

Lets Talk GBP/JPY "the geppy" 156 replies

geppy is "ugly" when ? 14 replies

Geppy outlook 0 replies

Attachments: Geppy's Geppy Thread (GBP/JPY)
Exit Attachments

Geppy's Geppy Thread (GBP/JPY)

  • #17,301
  • Jun 30, 2016 9:41am Jun 30, 2016 9:41am
I am sure it will break that channel. Perhaps next week but It sure will. So if you have enough equity, add more position to short this dragon.

Goodluck
  • #17,302
  • Jun 30, 2016 9:57am Jun 30, 2016 9:57am
Quoting vodanh
I am sure it will break that channel. Perhaps next week but It sure will. So if you have enough equity, add more position to short this dragon. Goodluck
My bias is down too, simply based on the overall trend. But there's no "sure" thing in forex trading... ever. I like your conviction, but be careful with getting overly sure or confident.
check out my blog: forexmademillionaire dot com
  • #17,303
  • Edited 10:19am Jun 30, 2016 10:04am | Edited 10:19am
Bank of England's Carney speaking now, mentioning the likelihood of some monetary policy stimulus needed possibly over the summer... sending Sterling down.

Also seeing a drop in USD/JPY at the same time. Not clear why. But remember, today is end of the month/quarter/H1 -- so lots of folks getting the books in order today.

more here: http://www.zerohedge.com/news/2016-0...cy-over-summer
check out my blog: forexmademillionaire dot com
  • #17,304
  • Jun 30, 2016 10:35am Jun 30, 2016 10:35am
Quoting Geppy
{quote} I think you mean the 100-hour SMA? That's what I'm looking at. I'll have the daily analysis up shortly.
Looking at that now I have no clue where I got that 1h 200ma. I think I was looking at the 15min chart. Anyway short since 138.15 looks like she finally wants to stretch her legs this week
  • #17,305
  • Jun 30, 2016 10:44am Jun 30, 2016 10:44am
Quoting FSUtrader
{quote} Looking at that now I have no clue where I got that 1h 200ma. I think I was looking at the 15min chart. Anyway short since 138.15 looks like she finally wants to stretch her legs this week
No worries, I knew what you meant/were looking at. Just a typo I figured.

Yes, looking good. The big question now is will she be able to break the post-Brexit lows. Not saying today or even this week, but that's the next level in focus (133.00-ish).

Definitely no reason to let go of shorts, especially considering I think it's just a matter of time before USD/JPY rolls over too.
check out my blog: forexmademillionaire dot com
  • #17,306
  • Jun 30, 2016 11:39am Jun 30, 2016 11:39am
I'm adding about 10% to my current short position here (136.80).
check out my blog: forexmademillionaire dot com
  • #17,307
  • Jun 30, 2016 12:03pm Jun 30, 2016 12:03pm
Quoting Geppy
I'm adding about 10% to my current short position here (136.80).
Good luck Geppy, as usual
  • #17,308
  • Jun 30, 2016 12:20pm Jun 30, 2016 12:20pm
Quoting Geppy
{quote} No worries, I knew what you meant/were looking at. Just a typo I figured. Yes, looking good. The big question now is will she be able to break the post-Brexit lows. Not saying today or even this week, but that's the next level in focus (133.00-ish). Definitely no reason to let go of shorts, especially considering I think it's just a matter of time before USD/JPY rolls over too.
My calculations on the daily chart, if the price closing at around 135.60 before the Tokyo open, then the prices will slide to 132.80 tomorrow.
  • #17,309
  • Jun 30, 2016 12:30pm Jun 30, 2016 12:30pm
Quoting Cm7
{quote} My calculations on the daily chart, if the price closing at around 135.60 before the Tokyo open, then the prices will slide to 132.80 tomorrow.
Thanks, brother.

135.60 is definitely a "line in the sand". I don't know about putting timelines on it... try not to do that. But getting below there definitely opens up 133.00 -- below that, LOOK OUT!
check out my blog: forexmademillionaire dot com
  • #17,310
  • Jun 30, 2016 1:02pm Jun 30, 2016 1:02pm
Quoting Geppy
{quote} Thanks, brother. 135.60 is definitely a "line in the sand". I don't know about putting timelines on it... try not to do that. But getting below there definitely opens up 133.00 -- below that, LOOK OUT!
Thr habits of the Japanese market is following the trend that occurred in the US a few hours earlier and indeed the most soft target is 133.00. 132.80 is merely an accessory, hehehe after the target is reached then I can close it manually. ( Already short @ 136.820 stop 100 pips target 132.80 ).

Thank you brother.
  • #17,311
  • Jun 30, 2016 1:34pm Jun 30, 2016 1:34pm
Quoting vodanh
{quote} Totally agreed. Great Advise. Thanks Personally I think it is in the downtrend and the only reason that this pair rallied was to fill the gap. Thus as long as the gap has been filled it has no reasons to spike up. That is my 2 cents. Therefore I will be adding shorts unless the Central banks decide to intervene the market. VD
GBP/JPY is ranging hard right now .
if it break down is going to hell. We well see.
well i trade short term, if the break out is 50 pips to 150 pips i'm good to go.

Right now is the key market on gbp/jpy
SO MUCH OPPORTUNITY coming up
Be patient .
  • #17,312
  • Jun 30, 2016 2:10pm Jun 30, 2016 2:10pm
Quoting TwFXtrader
{quote} GBP/JPY is ranging hard right now . if it break down is going to hell. We well see. well i trade short term, if the break out is 50 pips to 150 pips i'm good to go. Right now is the key market on gbp/jpy SO MUCH OPPORTUNITY coming up Be patient .
Not sure I agree. Seems to have broken out of its range today. I see more downside potential ahead. Should be just getting started.
check out my blog: forexmademillionaire dot com
  • #17,313
  • Jun 30, 2016 2:48pm Jun 30, 2016 2:48pm
Adding again here at 137.17 -- increases position size by 7.6%
check out my blog: forexmademillionaire dot com
  • #17,314
  • Jun 30, 2016 2:50pm Jun 30, 2016 2:50pm
Quoting TwFXtrader
{quote} GBP/JPY is ranging hard right now . if it break down is going to hell. We well see. well i trade short term, if the break out is 50 pips to 150 pips i'm good to go. Right now is the key market on gbp/jpy SO MUCH OPPORTUNITY coming up Be patient .
I am a short term trader myself as well. My strategy was risking as much as 20 % of the account by adding position until the trend breaks. I know it is not a good reward strategy but I have some profit last couple month ( 10 % per month). I am still trying to refine the reward part. I always found myself not letting the profit run by cutting profit too early. I guess i need to control the my Fear and leave the trades for longer term
  • #17,315
  • Jun 30, 2016 2:57pm Jun 30, 2016 2:57pm
Quoting Geppy
Adding again here at 137.17 -- increases position size by 7.6%
Good Entries point . I like the trades.
Good luck making some pips in Asian market

However I never trade Asian markets ( I dont know when or what the crazy Japs do to manipulate the Yen)

I only trade the Europe+US market.
  • #17,316
  • Jun 30, 2016 3:24pm Jun 30, 2016 3:24pm
Quoting vodanh
{quote} Good Entries point . I like the trades. Good luck making some pips in Asian market However I never trade Asian markets ( I dont know when or what the crazy Japs do to manipulate the Yen) I only trade the Europe+US market.
Well, apparently not great entries that's for sure.

That being said, when I'm well in profit and the trend is going in my favor, I don't mind adding a bit more haphazardly. It works well for me. I'm a longer term trader (days... sometimes weeks for positions). I like to get a winner on and keep adding to it while slowly locking in gains with my stop loss.

Sometimes that ends up really sucking... like when you get stopped out at break even after having a lot of unrealized gains on at one point. But most times it works in my favor and I'm able to make outsized returns that those on this forum would accuse me of fabricating.
check out my blog: forexmademillionaire dot com
  • #17,317
  • Jun 30, 2016 3:31pm Jun 30, 2016 3:31pm
Here's today's roundup: http://www.forexmademillionaire.com/...undup-6302016/
check out my blog: forexmademillionaire dot com
  • #17,318
  • Jun 30, 2016 3:43pm Jun 30, 2016 3:43pm
Quoting Geppy
{quote} Not sure I agree. Seems to have broken out of its range today. I see more downside potential ahead. Should be just getting started.
it will break up or break down , yet just getting started.

even though i'm out missing so many trades by waiting for the break.
but it will soon be worth it.
  • #17,319
  • Jun 30, 2016 4:04pm Jun 30, 2016 4:04pm
Quoting vodanh
{quote} I am a short term trader myself as well. My strategy was risking as much as 20 % of the account by adding position until the trend breaks. I know it is not a good reward strategy but I have some profit last couple month ( 10 % per month). I am still trying to refine the reward part. I always found myself not letting the profit run by cutting profit too early. I guess i need to control the my Fear and leave the trades for longer term
if your doing good don't fix it.

cutting trade fast sometimes might be the reason that your winning.
a lot of people hold trades for too long and can't even tell when the market is going to turn around, than they fucked up.
wasting a lot of time on that trade.

For me is when i cut loss really fast is when i'm start profiting. This mean that you might know when to get out of trades.
(At first i was holding trades for too long i thought that my strategy is not working.
then i realized that is not the strategy that is going wrong. Is the way that i cut loss and cutting profit that really matter

By thinking there are always trades in the market keeps me moving and not getting greedy .
  • #17,320
  • Jun 30, 2016 4:58pm Jun 30, 2016 4:58pm
Quoting Geppy
{quote} My bias is down too, simply based on the overall trend. But there's no "sure" thing in forex trading... ever. I like your conviction, but be careful with getting overly sure or confident.
I'm totally agree with you, there is not sach a think in forex. That's why I'm still holding my long position and my target is still 139.20 🤓😄
God, i love, how i'm trade!!!
12 traders viewing now