Geppy's Geppy Thread (GBP/JPY) | Page 874 | 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)

  • #17,461
  • Edited Jul 11, 2016 12:15am Jul 10, 2016 11:41pm | Edited Jul 11, 2016 12:15am
Plotting the Price of Forex Market without time for us to see what is the real structure of the price on each levels... this is for GBPUSD. I am a buyer on this pair @ 1.3... the spaces in the plot data is the points where the breakout will happen in future. so from here you can actually see where to buy where is your target as well
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 99 KB
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #17,462
  • Jul 10, 2016 11:43pm Jul 10, 2016 11:43pm
this is for usdjpy... I will buy this at 100, target is 109
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 96 KB
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #17,463
  • Jul 11, 2016 12:00am Jul 11, 2016 12:00am
Quoting bdsilvano
this is for usdjpy... I will buy this at 100, target is 109 {image}
Not going to pretend I understand this. But glad to see us chew through 131 already.
check out my blog: forexmademillionaire dot com
  • #17,464
  • Jul 11, 2016 12:33am Jul 11, 2016 12:33am
Not surprised to see us stalling a bit here:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-10 22.33.08.png Size: 134 KB
check out my blog: forexmademillionaire dot com
  • #17,465
  • Jul 11, 2016 1:10am Jul 11, 2016 1:10am
Next up now would be the highs from July 4th (magenta circle on chart). That means basically getting through 132.00 -- seems reasonable soon given current PA:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-10 23.09.30.png Size: 138 KB
check out my blog: forexmademillionaire dot com
  • #17,466
  • Jul 11, 2016 1:49am Jul 11, 2016 1:49am
My studies over the weekend also made me think that yen pairs were getting ready to turn. I went long last nigh at 13050 and just bought more at 13151. I believe this was a big trend turning point for a buy and hold long term long. It could break the 2015 high if one is inclined to hold long term. I would of liked it to make a new low before this move up though. I would of felt much stronger about that high one day being broken. Maybe looking at months or years before its broken and most people will not hold onto trades that long.
  • #17,467
  • Jul 11, 2016 4:01am Jul 11, 2016 4:01am
The pound leads, Sterling Yen lags behind, Yen could be more than a month behind.

To the previous poster who chose to ignore Time... Time is more important. Resistance or support is, over months or years or decades (in this case) not linear but curved. Wait enough time and s/r is negated. Below about 129, 15 year support is gone. 120 ish support (not horizontal but REAL support) was taken out about three weeks ago. The 131.5 (or so) support broke last week. Upon a further breaks down, all known supports dating back to 1992 are gone.
  • #17,468
  • Jul 11, 2016 6:07am Jul 11, 2016 6:07am
geppy how are you trading this now into BOE on thur?
  • #17,469
  • Jul 11, 2016 6:25am Jul 11, 2016 6:25am
thanks geppy....
I've made 200+ pips so far (just reading your blog) ....since the market open till now....
  • #17,470
  • Jul 11, 2016 6:29am Jul 11, 2016 6:29am
Quoting Shoezgal
geppy how are you trading this now into BOE on thur?
Hey, Shoezgal. I'll have some thoughts later today. But for now, holding long.
check out my blog: forexmademillionaire dot com
  • #17,471
  • Jul 11, 2016 6:30am Jul 11, 2016 6:30am
Quoting zackgallardo
thanks geppy.... I've made 200+ pips so far (just reading your blog) ....since the market open till now....
Glad to hear it, Zack. I'll be looking for my commission check in the mail. ;-)
check out my blog: forexmademillionaire dot com
  • #17,472
  • Jul 11, 2016 7:19am Jul 11, 2016 7:19am
Quoting Geppy
{quote} Hey, Shoezgal. I'll have some thoughts later today. But for now, holding long.
Something like this?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 72 KB
Click to Enlarge Name: GBPUSDM15.png Size: 81 KB
Stay GREEN my friends........
  • #17,473
  • Edited 7:31am Jul 11, 2016 7:31am | Edited 7:31am
Nobody should be surprised we're struggling with the 133.20 level, it's a level I've been talking about since last week.

I am still holding though (long from 130.00 still) as I want to see what happens with US equities and if they can propel us through 133.20

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-11 05.30.10.png Size: 138 KB
check out my blog: forexmademillionaire dot com
  • #17,474
  • Jul 11, 2016 8:17am Jul 11, 2016 8:17am
Nice new highs put in with a 15-minute bar close above the key 133.20 mark:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-11 06.15.09.png Size: 133 KB


In my opinion, the road is clear for a test of the 23.6% fib retracement on the daily at ~135.87:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-11 06.16.14.png Size: 171 KB
check out my blog: forexmademillionaire dot com
  • #17,475
  • Jul 11, 2016 8:20am Jul 11, 2016 8:20am
geppy i missed this entire move.....is this a good area to enter?
  • #17,476
  • Jul 11, 2016 8:24am Jul 11, 2016 8:24am
Quoting Geppy
Nice new highs put in with a 15-minute bar close above the key 133.20 mark: {image} In my opinion, the road is clear for a test of the 23.6% fib retracement on the daily at ~135.87: {image}

Exelent like always mate thank you....
cheers
Alex
Stay GREEN my friends........
  • #17,477
  • Jul 11, 2016 8:25am Jul 11, 2016 8:25am
Quoting Shoezgal
geppy i missed this entire move.....is this a good area to enter?
Honestly, I never feel comfortable answering questions like that. I have no problem giving commentary regarding what I'm doing, but I won't ever tell anyone what to do... especially when I'm not doing that same thing at that particular moment.

But if you did enter now, I think your stop needs to be below 132.40

Curious how you managed to miss this move though. You were here when trading started this week, and I assume you read my analysis on my blog?
check out my blog: forexmademillionaire dot com
  • #17,478
  • Jul 11, 2016 8:26am Jul 11, 2016 8:26am
Quoting alexforex541
{quote} Exelent like always mate thank you.... cheers Alex
check out my blog: forexmademillionaire dot com
  • #17,479
  • Jul 11, 2016 1:03pm Jul 11, 2016 1:03pm
Had a 12 hour power blackout with no internet looks like i got lucky with a buy thought that the news about a new prime minister in the uk would drive the gbp price up
  • #17,480
  • Jul 11, 2016 1:14pm Jul 11, 2016 1:14pm
Quoting mozart4646
Had a 12 hour power blackout with no internet looks like i got lucky with a buy thought that the news about a new prime minister in the uk would drive the gbp price up
haha, good stuff mozart. There's that news, yes. But we also have potential BoJ intervention. Not to mention the general risk-on sentiment right now.
check out my blog: forexmademillionaire dot com
11 traders viewing now