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Geppy's Geppy Thread (GBP/JPY)

  • #17,341
  • Jul 4, 2016 9:03pm Jul 4, 2016 9:03pm
Hey gang, in the last weekly update I mentioned the 135.50-135.70 zone being a key level for GBP/JPY to get through.
I'm happy to report we've now broken down through that level. Things are looking good for our short position!

I fully expect the door to be open for a test (and possible break) of 133.20 next.

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  • #17,342
  • Jul 4, 2016 9:59pm Jul 4, 2016 9:59pm
Quoting Geppy
Hey gang, in the last weekly update I mentioned the 135.50-135.70 zone being a key level for GBP/JPY to get through. I'm happy to report we've now broken down through that level. Things are looking good for our short position! I fully expect the door to be open for a test (and possible break) of 133.20 next. {image}
I will wait for a retracement at 135.620. Then I will go short till the next support which is at 133.20.
I just hit my take profit (short) this morning at 135.414.
I did not see GBP will be strong for this month.
Political and economical wise are all over the place. But just keep an eye on Japan monetary easing.
  • #17,343
  • Jul 5, 2016 2:18am Jul 5, 2016 2:18am
Quoting Geppy
I'm adding about 10% to my current short position here (136.80).
Yes, I remember this call bro, you are the best analysts, congratulations. I followed that call and now I am up 260 pips.
  • #17,344
  • Jul 5, 2016 5:29am Jul 5, 2016 5:29am
hey there, so from last week like I said I keep my position and it hits my s/l on 135.20. So like I said about plan B, it hits my "short" order to. And now my target is 132.00 so till now I'm doing well...
God, i love, how i'm trade!!!
  • #17,345
  • Jul 5, 2016 5:53am Jul 5, 2016 5:53am
hi geppy where next for gbpjpy?
  • #17,346
  • Jul 5, 2016 7:13am Jul 5, 2016 7:13am
Things are looking good, gang.

133.20 is the next level we need to chew through to really see the momentum pick up to the downside. It really feels like it's just a matter of time.
check out my blog: forexmademillionaire dot com
  • #17,347
  • Jul 5, 2016 7:16am Jul 5, 2016 7:16am
Quoting Cm7
{quote} Yes, I remember this call bro, you are the best analysts, congratulations. I followed that call and now I am up 260 pips.
Glad to hear it, bud. I hope there's plenty of more meat on the bone for this trade. If you like trades like this, check out my blog. I write up a daily analysis there: www.forexmademillionaire.com
check out my blog: forexmademillionaire dot com
  • #17,348
  • Jul 5, 2016 7:42am Jul 5, 2016 7:42am
The geppy plummeted to a very important level. very speculative longs might jump here backtaling shorts covering which makes for more bullish ar this level.

Downside is more likely to continue though

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  • #17,349
  • Jul 5, 2016 7:45am Jul 5, 2016 7:45am
Hi Geppy, congrats on your thread. I've just stumbled upon it and it seems like its fairly stress free trading.
From what I've picked up in what I've read is that you generally trade from levels of support and resistance so a relatively short term swing trader. That is a similar style of trading that I have become accustomed with so will follow your thread and blog closely.
GBPJPY is sitting a good support, lets see if it holds.
Just my 2 cents worth
  • #17,350
  • Jul 5, 2016 10:08am Jul 5, 2016 10:08am
Quoting Guy Mann
Hi Geppy, congrats on your thread. I've just stumbled upon it and it seems like its fairly stress free trading. From what I've picked up in what I've read is that you generally trade from levels of support and resistance so a relatively short term swing trader. That is a similar style of trading that I have become accustomed with so will follow your thread and blog closely. GBPJPY is sitting a good support, lets see if it holds.
Hey man, yes... I think that's an accurate assessment of my trading style. My full position in GBP/JPY right now is averaged from 136.32, so almost 600 pips in profits right now. I've been short since the middle of last week. So I'll generally hold trades for a couple days to a couple weeks. Really just depends on the current environment and how well things are trending.
check out my blog: forexmademillionaire dot com
  • #17,351
  • Jul 5, 2016 10:14am Jul 5, 2016 10:14am
where will your tp level be?
  • #17,352
  • Jul 5, 2016 10:26am Jul 5, 2016 10:26am
Quoting Shoezgal
where will your tp level be?
Hey Shoezgal, it's so hard to say right now because there's not much in terms of support. I'm thinking somewhere between 129.00 and 130.00 but I'll likely just keep my eye on price action to tell me where to get out.

It's always a balance between letting the trade run as long as possible and finding the right moment to take profit when the trend is this strong.
check out my blog: forexmademillionaire dot com
  • #17,353
  • Jul 5, 2016 10:34am Jul 5, 2016 10:34am
thank you geppy! after it had moved so much i'll be waiting to see if there's any retracements in the coming days. have taken half my shorts off and will let the rest run with a stop above 133.
  • #17,354
  • Jul 5, 2016 10:35am Jul 5, 2016 10:35am
Quoting Shoezgal
thank you geppy! after it had moved so much i'll be waiting to see if there's any retracements in the coming days. have taken half my shorts off and will let the rest run with a stop above 133.
Good stuff. Good luck to us both!
check out my blog: forexmademillionaire dot com
  • #17,355
  • Jul 5, 2016 4:06pm Jul 5, 2016 4:06pm
Whew! Just cranked out today's update, guys. Here it is: http://www.forexmademillionaire.com/...oundup-752016/
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  • #17,356
  • Jul 5, 2016 6:06pm Jul 5, 2016 6:06pm
Seeing some early Asia action here.

Wow... buh bye 132.00
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  • #17,357
  • Jul 5, 2016 6:50pm Jul 5, 2016 6:50pm
Quoting Geppy
Seeing some early Asia action here. Wow... buh bye 132.00
the gbp party continues
  • #17,358
  • Jul 5, 2016 6:51pm Jul 5, 2016 6:51pm
Great analysis Geppy
  • #17,359
  • Jul 5, 2016 6:59pm Jul 5, 2016 6:59pm
Quoting Pip-Miner
{quote} the gbp party continues
Damn straight, it's a rager!
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  • #17,360
  • Jul 5, 2016 6:59pm Jul 5, 2016 6:59pm
Quoting Fader123
Great analysis Geppy
Thanks, brother. We're having a good run, that's for sure!
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