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Geppy's Geppy Thread (GBP/JPY)

  • #17,541
  • Jul 12, 2016 1:57pm Jul 12, 2016 1:57pm
Quoting Geppy
{quote} Hey bud, it's hard to advocate for longs after we've gone so far so quickly. That's not to say we won't go further, I just don't know. If you're looking to get in, just try to find a close place for a stop lose and take a stab at it. If you connect, you'll get a good run. Then just start locking in gains. But sometimes it's best to just take a step back and wait. Don't chase the trade if you've missed it. There's always another. I'm starting to accumulate USD/CAD at current levels. That's a trade I've been stalking and talking about on the...
On your USDCAD are you long or short, what's your time frame ?
  • #17,542
  • Jul 12, 2016 2:04pm Jul 12, 2016 2:04pm
@ Geppy I just read your blog, the opportunity to go long may be here, divergence on the USDCAD 1hr
  • #17,543
  • Jul 12, 2016 2:09pm Jul 12, 2016 2:09pm
Quoting Articulate
@Geppy, You are a sound analyst, but your views like most of the others here are short-term. What is playing out at the moment is indicated in the monthly chart below. Price is currently in the lower range of 4000 pips. We can be in this range for the next few months or even a few years (who knows). I entered about 2 days ago at 130, the profit is currently locked at 135. If the weekly candle close above 140, the price can run all the way to 150-155 or even 160. This is the big picture, I thought I should share my thoughts occasionally for those...
Hey Articulate, I do appreciate your thoughts. I also think we can see the prices you mention.

In terms of my view being "short term" though, I'm not sure I agree. I'm definitely not a scalper. To me that's short term. I swing trade. That could mean days or weeks, but generally not months.

In my opinion, if you look at the weekly or monthly timeframes as your lowest time frames, you aren't really trading at that point. You're investing. There's nothing wrong with that, but I think the distinction is important.

Regardless, you raise a great point. It's very important to understand that everyone in these forums has a different time horizon for their trades. That's why forums can be dangerous. Someone screaming "it's time to sell!!!" could be trading a 1-minute chart. When in reality, a different person could be buying on a higher timeframe. It's all relative.
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  • #17,544
  • Jul 12, 2016 2:15pm Jul 12, 2016 2:15pm
Quoting perebeks
{quote} On your USDCAD are you long or short, what's your time frame ?
Quoting perebeks
@ Geppy I just read your blog, the opportunity to go long may be here, divergence on the USDCAD 1hr
Yes, my friend I am buying USD/CAD. Maybe we should take this to the FMM thread over here since I don't want to pollute this dedicated GBP/JPY thread.

But I'm trading off the 4-hour time frame and I have a long time horizon for the trade. A trip up to the 1.40's and beyond is not out of the question.
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  • #17,545
  • Jul 12, 2016 2:21pm Jul 12, 2016 2:21pm
Quoting Geppy
{quote} {quote} Yes, my friend I am buying USD/CAD. Maybe we should take this to the FMM thread over here since I don't want to pollute this dedicated GBP/JPY thread. But I'm trading off the 4-hour time frame and I have a long time horizon for the trade. A trip up to the 1.40's and beyond is not out of the question.
I totally agree, lets keep it GBPJPY in here
  • #17,546
  • Jul 12, 2016 2:24pm Jul 12, 2016 2:24pm
GJ 100 MA seems to be a resistance. I think it will retrace before heading to 144 or perhaps 150
  • #17,547
  • Jul 12, 2016 2:30pm Jul 12, 2016 2:30pm
Quoting zackgallardo
GJ 100 MA seems to be a resistance. I think it will retrace before heading to 144 or perhaps 150
Sounds like you're referring the the 4-hour chart?

And yes, seems to be resistance for now. If it appears to be stalling here I may cut, run, and look to reload lower. Thing has been a one-way train though so I wouldn't be surprised if it plows higher.
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  • #17,548
  • Jul 12, 2016 2:35pm Jul 12, 2016 2:35pm
It's also important to note that the 50-hour SMA has crossed the 200-hour SMA. This hasn't happened since pre-Brexit. So pretty significant:
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  • #17,549
  • Jul 12, 2016 2:40pm Jul 12, 2016 2:40pm
Quoting perebeks
skibo robo skibo ...yekpa oshe!!!!!! Translation- exhilarating and intense exclamation depicting enormous excitement

smh. lol. given the kind of pips u've been baggin i bet CHANGE ain't got nuttin on you.
  • #17,550
  • Jul 12, 2016 3:41pm Jul 12, 2016 3:41pm
Quoting mamalujo
{quote} smh. lol. given the kind of pips u've been baggin i bet CHANGE ain't got nuttin on you.
We try brother, hope you've been getting your share of green pips?
  • #17,551
  • Jul 12, 2016 4:10pm Jul 12, 2016 4:10pm
Quoting Geppy
{quote} Sounds like you're referring the the 4-hour chart? And yes, seems to be resistance for now. If it appears to be stalling here I may cut, run, and look to reload lower. Thing has been a one-way train though so I wouldn't be surprised if it plows higher.
yes geppy. 4H chart. target retrace 23% . Im still holding my target 144 or 150
  • #17,552
  • Jul 12, 2016 4:11pm Jul 12, 2016 4:11pm
Alright, gang. Today's daily roundup is now live on the blog.

Soak it up like a sponge and let's continue killing it this week!

http://www.forexmademillionaire.com/...undup-7122016/
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  • #17,553
  • Jul 12, 2016 5:29pm Jul 12, 2016 5:29pm
Quoting Geppy
Alright, gang. Today's daily roundup is now live on the blog. Soak it up like a sponge and let's continue killing it this week! http://www.forexmademillionaire.com/...undup-7122016/
Hmm. Picnicking the top for retracing is dangerous. Noted to myself , not to stay in front of the train again . I got a 10% draw down from this 600 pips move. What a bad day for me
  • #17,554
  • Jul 12, 2016 5:36pm Jul 12, 2016 5:36pm
Quoting vodanh
{quote} Hmm. Picnicking the top for retracing is dangerous. Noted to myself , not to stay in front of the train again . I got a 10% draw down from this 600 pips move. What a bad day for me
Sorry to hear that, brother. This baby may still scream higher though, maybe you can snipe an entry and make it back.
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  • #17,555
  • Jul 12, 2016 5:51pm Jul 12, 2016 5:51pm
nuff said
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  • #17,556
  • Jul 12, 2016 5:53pm Jul 12, 2016 5:53pm
Quoting Squiggles
nuff said{image}


I tell ya. If you're here long enough (like I've been), you see a character like this come through FF every few months. Once he blows all his accounts and doesn't have any more money to trade he'll leave though.

Sadly, there are newbies here that think people like him actually know what their doing. They "follow" him, lose money, then blame forex for being a scam. It's sad really.
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  • #17,557
  • Jul 12, 2016 7:22pm Jul 12, 2016 7:22pm
sh*t, I couldn't help myself. Added a little bit at 138.18 -- for better or worse.
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  • #17,558
  • Jul 12, 2016 10:57pm Jul 12, 2016 10:57pm
I do not get anything from the correction of 1.000 pips. Now I know some analysis is better than MACD.
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  • #17,559
  • Jul 12, 2016 11:30pm Jul 12, 2016 11:30pm
Butting up against higher time frame resistance here from the most recent swing high.

Rumours of Japan actually not going with 'helicopter money' also exaggerating the technical roadblock.

I see Geppy is leading the long charge (and with a name like that how can he not ). Expecting this little swing level to be blown out of the water?
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  • #17,560
  • Jul 13, 2016 12:05am Jul 13, 2016 12:05am
Quoting Vantage FX
Butting up against higher time frame resistance here from the most recent swing high. Rumours of Japan actually not going with 'helicopter money' also exaggerating the technical roadblock. I see Geppy is leading the long charge (and with a name like that how can he not ). Expecting this little swing level to be blown out of the water? {image}
Trust me brother, I trade this baby long and short.
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