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Geppy's Geppy Thread (GBP/JPY)

  • #17,561
  • Jul 13, 2016 3:26am Jul 13, 2016 3:26am
@Geppy your distinction was spot on. My trading style is more like investing and I look at 12 months. You are doing a great job. Keep it up!

Quoting Geppy
{quote} 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...
  • #17,562
  • Jul 13, 2016 4:52am Jul 13, 2016 4:52am
Quoting Articulate
@Geppy your distinction was spot on. My trading style is more like investing and I look at 12 months. You are doing a great job. Keep it up! {quote}
Thank, brother.
check out my blog: forexmademillionaire dot com
  • #17,563
  • Jul 13, 2016 5:02am Jul 13, 2016 5:02am
got a feeling we could see 148.x and 1.38 on GU
  • #17,564
  • Jul 13, 2016 6:20am Jul 13, 2016 6:20am
maybe but we see tripple top on M30 so i expect retrace to 136,50 and then we could go further to 144.
  • #17,565
  • Jul 13, 2016 6:40am Jul 13, 2016 6:40am
Quoting Don96
got a feeling we could see 148.x and 1.38 on GU
So you're suggesting positive news out of BoE tomorrow, then?
  • #17,566
  • Jul 13, 2016 6:45am Jul 13, 2016 6:45am
Quoting Don96
got a feeling we could see 148.x and 1.38 on GU
I'm sure about exact numbers, but PA feels like it's setting up to rip higher. Just has that feeling.
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  • #17,567
  • Jul 13, 2016 7:29am Jul 13, 2016 7:29am
Quoting Geppy
{quote} I'm sure about exact numbers, but PA feels like it's setting up to rip higher. Just has that feeling.
I guess if Carney doesn't drop rates tomorrow, it may give sterling the boost its looking for
  • #17,568
  • Jul 13, 2016 8:06am Jul 13, 2016 8:06am
Quoting lancedes
{quote} I guess if Carney doesn't drop rates tomorrow, it may give sterling the boost its looking for
Absolutely. They could drop rates but not be super dovish. That combo could send us higher too.
check out my blog: forexmademillionaire dot com
  • #17,569
  • Jul 13, 2016 8:14am Jul 13, 2016 8:14am
Quoting Geppy
{quote} I'm sure about exact numbers, but PA feels like it's setting up to rip higher. Just has that feeling.
it does indeed, ill be loaded once it looks ready
  • #17,570
  • Jul 13, 2016 8:17am Jul 13, 2016 8:17am
Quoting lancedes
{quote} So you're suggesting positive news out of BoE tomorrow, then?
I don't really factor news in, when I say that I mean I play the charts until the news, if the news comes out and trade is invalidated then I'm wrong, if it comes out good then its just an accelerated trade imo... I wont add trades before news events on the day but ill let it play B.E if its got the room, ill be looking at longs around 137.5x perhaps and ill load max on a break above 139.4x
  • #17,571
  • Jul 13, 2016 8:59am Jul 13, 2016 8:59am
Adam shorted 2500 lots of GJ and he just made millions in les than an hour. What a great trader
  • #17,572
  • Jul 13, 2016 9:58am Jul 13, 2016 9:58am
GBPJPY is showing a full body height 4-hour red candle and is currently supported at 137.7.

This level need to hold before we can resume the bull run towards 145.4.
  • #17,573
  • Jul 13, 2016 10:12am Jul 13, 2016 10:12am
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...
As for USD/CAD, I am looking at a long at 1.2930, SL 1.2900. TP1 : 1.3300 TP2 1.3450
  • #17,574
  • Jul 13, 2016 10:15am Jul 13, 2016 10:15am
Told you that there is no stimulus from Japan. Just some rumor. But trading is about rumor. It's all in the mind of trader. Abe is very successful to change people mind.

Well, one can pull this trick once in a while. The next time Abe talks about stimulus. I bet the market will think he is joking.
  • #17,575
  • Jul 13, 2016 10:18am Jul 13, 2016 10:18am
Quoting frx_trader
Told you that there is no stimulus from Japan. Just some rumor. But trading is about rumor. It's all in the mind of trader. Abe is very successful to change people mind. Well, one can pull this trick once in a while. The next time Abe talks about stimulus. I bet the market will think he is joking.
I don't know, man. Abe likes to tell markets one thing and do the opposite when it's least expected.
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  • #17,576
  • Jul 13, 2016 10:19am Jul 13, 2016 10:19am
Quoting vodanh
Adam shorted 2500 lots of GJ and he just made millions in les than an hour. What a great trader
Good for him. Glad someone is making a bunch of money while I hold my longs still.
check out my blog: forexmademillionaire dot com
  • #17,577
  • Jul 13, 2016 10:19am Jul 13, 2016 10:19am
Quoting Geppy
{quote} Absolutely. They could drop rates but not be super dovish. That combo could send us higher too.
Possible. I am looking at 136.50 and 135.50, 2 entries point for another long trade.
  • #17,578
  • Jul 13, 2016 10:21am Jul 13, 2016 10:21am
Still have my longs with my stop loss at 137.00 -- that'd bank me almost 600 pips on my entire trade.

But if that level trades and the 50-hour SMA breaks, we'd likely see further downside.

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  • #17,579
  • Jul 13, 2016 10:23am Jul 13, 2016 10:23am
Quoting goldgirl
{quote} Possible. I am looking at 136.50 and 135.50, 2 entries point for another long trade.
SL 133.50 Target TP1 143 TP2 144
  • #17,580
  • Jul 13, 2016 10:26am Jul 13, 2016 10:26am
Quoting Geppy
{quote} Good for him. Glad someone is making a bunch of money while I hold my longs still.


You made my day geppy
thank you
Stay GREEN my friends........
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