Geppy's Geppy Thread (GBP/JPY) | Page 873 | 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)

  • #17,441
  • Edited 11:31pm Jul 7, 2016 11:20pm | Edited 11:31pm
Quoting Mulegrinder
My understanding is that if the BOJ did lower rates than we'd want t to go long.
but their rate already negative, so they should do something new or do something like they did in the end of 2012

and that were really huge upward movements, so I am afraid now to short any jpy-involved pairs cause I remember how those previous all of a sudden moves began
  • #17,442
  • Jul 7, 2016 11:56pm Jul 7, 2016 11:56pm
Quoting eugenyk
{quote} but their rate already negative, so they should do something new or do something like they did in the end of 2012 and that were really huge upward movements, so I am afraid now to short any jpy-involved pairs cause I remember how those previous all of a sudden moves began
Sure i share the same fear of Japanese interventions. That is why i never hold any leveraged yen pair over night. i only hold the really tiny positions that were triggered by my bots. Even though i have my own bias but sometimes i use my bots to confirm or gauge the price action; from there i enter and watch my leveraged trades and try to get 1% a day.
  • #17,443
  • Edited 5:53am Jul 8, 2016 5:12am | Edited 5:53am
Upside move.....no idea. Well yes 136 or even 139 is possible

Downside move ... Down to about 122, with consolation thereafter, probably a triangle between 128 and 122, centred on 125

130 ish is essentially the half way point
  • #17,444
  • Jul 8, 2016 5:35am Jul 8, 2016 5:35am
closed all my positions. no idea what's going to happen at NFP. Best is to sell on a good rally towards 132-133. Any thoughts?
  • #17,445
  • Jul 8, 2016 7:36am Jul 8, 2016 7:36am
North? South?
  • #17,446
  • Jul 8, 2016 8:06am Jul 8, 2016 8:06am
Any idea where its going after NFP?
  • #17,447
  • Jul 8, 2016 9:38am Jul 8, 2016 9:38am
Hey gang, as per my usual monthly tradition, I slept right through NFP this morning.

There's no sense gambling during that release. And markets will probably be quiet the rest of the day.
check out my blog: forexmademillionaire dot com
  • #17,448
  • Jul 8, 2016 12:35pm Jul 8, 2016 12:35pm
Quoting Geppy
Hey gang, as per my usual monthly tradition, I slept right through NFP this morning. There's no sense gambling during that release. And markets will probably be quiet the rest of the day.
Have a great weekend !! I am out of my leverage trades. Good luck to you all next week.
  • #17,449
  • Jul 8, 2016 12:50pm Jul 8, 2016 12:50pm
ah these days in general aren't so great for trading, volume is iffy and NFP sort of governs the rest of the day with a side of volatility. That said I wish I had an alert on gold falling $22, or 1.6% would have ridden that to the 1350s, take half home, and other half to 1370s. Now for actual geppy behavior, not much to do til Monday but it is getting tricker to trade longer frames as I feel as I should set tighter stops in case BOJ decides to do something rash to counter strengthening yen.
  • #17,450
  • Jul 10, 2016 9:13am Jul 10, 2016 9:13am
Hey all, I have a pretty long and interesting bit about GBP/JPY in this week's outlook.

Check it out here: http://www.forexmademillionaire.com/...tlook-7102016/
check out my blog: forexmademillionaire dot com
  • #17,451
  • Jul 10, 2016 3:17pm Jul 10, 2016 3:17pm
GBP/JPY currently trading at about 130.43 according to xe.com -- not that I'm antsy to get the week started or anything
check out my blog: forexmademillionaire dot com
  • #17,452
  • Jul 10, 2016 4:31pm Jul 10, 2016 4:31pm
Hi Geepy, im a newbie , looking forward to join the crusade 😀
  • #17,453
  • Jul 10, 2016 4:53pm Jul 10, 2016 4:53pm
Quoting surrich
Hi Geepy, im a newbie , looking forward to join the crusade 😀
I hope you're up for it, mate.

We fight hard Sunday through Friday.

We pillage as many pips as the market will allow.

Then we rest up over the weekend so we can do it all over again.

check out my blog: forexmademillionaire dot com
  • #17,454
  • Jul 10, 2016 5:20pm Jul 10, 2016 5:20pm
Great research Geppy
  • #17,455
  • Jul 10, 2016 5:37pm Jul 10, 2016 5:37pm
Quoting Fader123
Great research Geppy
Thanks, Fader. I'm hoping we can all profit from my work
check out my blog: forexmademillionaire dot com
  • #17,456
  • Jul 10, 2016 9:00pm Jul 10, 2016 9:00pm
Quoting Geppy
{quote} Hey, if we're talking like that... a run up to ~144 is not out of the question. If you look at the 50% fib retracement level from a daily perspective, that coincides very nicely with the previously broken trend line: {image}
Agreed. Anyway, Abe will try all methods and efforts to devalue JPY. Probably will be on military news instead of monetary policy.
  • #17,457
  • Jul 10, 2016 9:37pm Jul 10, 2016 9:37pm
if im Abe i will protect 130.00 until sentiment slowly change.
  • #17,458
  • Jul 10, 2016 11:16pm Jul 10, 2016 11:16pm
Longs are looking good tonight so far, gang.
check out my blog: forexmademillionaire dot com
  • #17,459
  • Jul 10, 2016 11:21pm Jul 10, 2016 11:21pm
annnnnnd here we go:

Nikkei report that Japan PM Abe to order stimulus on July 12

source: http://news.forexlive.com/!/nikkei-report-that-japan-pm-abe-to-order-stimulus-on-july-12-20160711
check out my blog: forexmademillionaire dot com
  • #17,460
  • Jul 10, 2016 11:39pm Jul 10, 2016 11:39pm
The NFP high on Friday was 130.912 -- above that and next resistance will likely be the 131.40-132.00 zone. Through there, should be a solid ride up to 133.20
check out my blog: forexmademillionaire dot com
5 traders viewing now