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Geppy's Geppy Thread (GBP/JPY)

  • #17,321
  • Jun 30, 2016 5:21pm Jun 30, 2016 5:21pm
Quoting FxBreath
{quote} 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 🤓😄
Interesting. I always like to hear/see differing positions than my own because it challenges my bias. What exactly makes you believe long is the way to be right now? Where are you long from? And where would price have to trade for you to give up on it?
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  • #17,322
  • Jun 30, 2016 6:32pm Jun 30, 2016 6:32pm
Quoting Geppy
{quote} Interesting. I always like to hear/see differing positions than my own because it challenges my bias. What exactly makes you believe long is the way to be right now? Where are you long from? And where would price have to trade for you to give up on it?
Ok, good question. So about my position, like you can understand, I'm a day trader. I'm entered to this position on Thursday this week at 136.00 long with s/l 135.2 and t/p 139.20. Now I'll explain you why I entered to that position. I saw the price rich'd the bottom of the post brexit and start to go north, so I decided to enter a long and exit write before closing gap which is 139.51. So the best price to exit is 139.20 and risk management is 1-4 so you can see why I'm made all this decisions. ��

O, I forgot to mention this position only till end of this week.
God, i love, how i'm trade!!!
  • #17,323
  • Jun 30, 2016 10:55pm Jun 30, 2016 10:55pm
Quoting FxBreath
{quote} Ok, good question. So about my position, like you can understand, I'm a day trader. I'm entered to this position on Thursday this week at 136.00 long with s/l 135.2 and t/p 139.20. Now I'll explain you why I entered to that position. I saw the price rich'd the bottom of the post brexit and start to go north, so I decided to enter a long and exit write before closing gap which is 139.51. So the best price to exit is 139.20 and risk management is 1-4 so you can see why I'm made all this decisions. �� O, I forgot to mention this...
Got it, that makes sense. I took longs off the lows earlier this week too. It went well, but I cut them too early (~137) but still managed to bank over 200 pips on 'em. I guess the difference is I don't think we're getting to 139.20... but you never know!
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  • #17,324
  • Jun 30, 2016 11:13pm Jun 30, 2016 11:13pm
Quoting Geppy
{quote} Got it, that makes sense. I took longs off the lows earlier this week too. It went well, but I cut them too early (~137) but still managed to bank over 200 pips on 'em. I guess the difference is I don't think we're getting to 139.20... but you never know!
Totally agree with you, you're never know what will happen. That's why I'm stick to the plan. And let to the price to came to my target. If not so I've got a plan B. 😉😄
God, i love, how i'm trade!!!
  • #17,325
  • Jul 1, 2016 1:31am Jul 1, 2016 1:31am
Quoting Geppy
Adding again here at 137.17 -- increases position size by 7.6%
From last night, you already have two positions that provide benefits , what a nice call
  • #17,326
  • Jul 1, 2016 7:08am Jul 1, 2016 7:08am
Quoting FxBreath
{quote} Totally agree with you, you're never know what will happen. That's why I'm stick to the plan. And let to the price to came to my target. If not so I've got a plan B. 😉😄
Absolutely. You should always stick to your plan. That's discipline, and much needed in this game.
check out my blog: forexmademillionaire dot com
  • #17,327
  • Jul 1, 2016 7:09am Jul 1, 2016 7:09am
Quoting Cm7
{quote} From last night, you already have two positions that provide benefits , what a nice call
Thanks, brother. Check out my blog if you like what I'm doing here. I write daily roundups on six pairs and analyze setups for them.
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  • #17,328
  • Jul 1, 2016 11:25am Jul 1, 2016 11:25am
the holding game is strong ...
  • #17,329
  • Jul 1, 2016 11:26am Jul 1, 2016 11:26am
Quoting TwFXtrader
the holding game is strong ...
I have no idea what that means lol
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  • #17,330
  • Jul 1, 2016 11:33am Jul 1, 2016 11:33am
Hard fight now at 136ish but I think we will close today below 136.00 which should be open the door to the "brexit lows".
  • #17,331
  • Jul 1, 2016 12:02pm Jul 1, 2016 12:02pm
Quoting joinup
Hard fight now at 136ish but I think we will close today below 136.00 which should be open the door to the "brexit lows".
it better.

i don't want to wait till next week open... might gap down
  • #17,332
  • Jul 1, 2016 12:11pm Jul 1, 2016 12:11pm
Quoting TwFXtrader
{quote} it better. i don't want to wait till next week open... might gap down
Hate to be a killjoy, but I highly doubt we're going to see much action the rest of this session.
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  • #17,333
  • Jul 1, 2016 12:12pm Jul 1, 2016 12:12pm
Quoting Geppy
{quote} Hate to be a killjoy, but I highly doubt we're going to see much action the rest of this session.
Why should more action be a killjoy?
  • #17,334
  • Jul 1, 2016 12:15pm Jul 1, 2016 12:15pm
Quoting joinup
{quote} Why should more action be a killjoy?
reread what I said... I highly doubt we'll see much action.

Meaning, not much will likely happen the rest of this session. The week is relatively done in terms of trading.

That said, anything can happen so you never know. Just been a sleeping session so far and it's not likely that changes.
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  • #17,335
  • Jul 1, 2016 12:18pm Jul 1, 2016 12:18pm
Quoting Geppy
{quote} Hate to be a killjoy, but I highly doubt we're going to see much action the rest of this session.
yeah i know ...
  • #17,336
  • Jul 1, 2016 12:33pm Jul 1, 2016 12:33pm
it's amazing how price stuck on the same level. I hope that next week will be more productive
God, i love, how i'm trade!!!
  • #17,337
  • Jul 1, 2016 12:39pm Jul 1, 2016 12:39pm
Quoting FxBreath
it's amazing how price stuck on the same level. ��
Friday on a critical level

i think is gonna break down tho
if not wait till next week .
  • #17,338
  • Jul 1, 2016 3:42pm Jul 1, 2016 3:42pm
I decided to keep position because it's still around 0 area and the 0 it's not result. So let's see what happens next week with my position. If it will reach the 139.20 or if it will go south and reach my s/l on 135.20...
God, i love, how i'm trade!!!
  • #17,339
  • Jul 1, 2016 3:44pm Jul 1, 2016 3:44pm
any way have a good weekend to all you guys
God, i love, how i'm trade!!!
  • #17,340
  • Jul 3, 2016 8:33am Jul 3, 2016 8:33am
Hi guys, my weekly outlook with analysis on six pairs is now live here: http://www.forexmademillionaire.com/...utlook-732016/

Looking forward to another week of trading!
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