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Geppy's Geppy Thread (GBP/JPY)

  • #17,621
  • Jul 13, 2016 9:22pm Jul 13, 2016 9:22pm
Who knows what will happen Im short at the moment. Im strong in my convictions, but I dont have a crystal ball to make my predictions hahahaha! If it goes up the next few days I'd say it'll go down quickly.
  • #17,622
  • Jul 13, 2016 9:23pm Jul 13, 2016 9:23pm
Quoting TaoTrader
Who knows what will happen Im short at the moment. Im strong in my convictions, but I dont have a crystal ball to make my predictions hahahaha! If it goes up the next few days I'd say it'll go down quickly.
Im talking about most GBP pairs, excluding the EUR/GBP
  • #17,623
  • Jul 13, 2016 9:25pm Jul 13, 2016 9:25pm
Quoting frx_trader
I am hesitant to make any prediction atm. But I just tell what my chart tells me. On my chart, UJ H1 and H4 is still going up, may be we will see 105 soon.
I agree. Same thing I'm seeing and same thing on GBP/USD, but there's th BoE that kind of muddles things.
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  • #17,624
  • Jul 13, 2016 9:33pm Jul 13, 2016 9:33pm
Quoting Geppy
{quote} I agree. Same thing I'm seeing and same thing on GBP/USD, but there's th BoE that kind of muddles things.
thanks, Geppy. The momentum to the upside (UJ) is getting greater and greater. Let's see what GBP rate decision will bring to JPY pairs.
  • #17,625
  • Jul 13, 2016 9:52pm Jul 13, 2016 9:52pm
Quoting frx_trader
{quote} thanks, Geppy. The momentum to the upside (UJ) is getting greater and greater. Let's see what GBP rate decision will bring to JPY pairs.
I just closed all GBP/JPY longs... slight 60 pips profit on that trade. But I have GBP/USD longs, so I'm leaving those and letting them ride through the rate decision.
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  • #17,626
  • Jul 13, 2016 9:54pm Jul 13, 2016 9:54pm
When looking at the 15-minute it's actually a tempting sell:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-13 19.53.49.png Size: 117 KB
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  • #17,627
  • Jul 13, 2016 10:04pm Jul 13, 2016 10:04pm
From what the press was saying last week I was led to believe the BoE would definitely cut rates, either by .25 or .5 percentage points.

But, after this week it seems the chances of a rate cut are trending down.

There doesn't seem to be a consensus out there anymore.
Furthermore, I'm starting to think - besides the initial emotional sell off if and when a decision is made to cut rates - that a rate cut might already be priced in to the market.

Does anyone have a better handle on the situation than I do?
  • #17,628
  • Jul 13, 2016 10:05pm Jul 13, 2016 10:05pm
Quoting Mulegrinder
From what the press was saying last week I was led to believe the BoE would definitely cut rates, either by .25 or .5 percentage points. But, after this week it seems the chances of a rate cut are trending down. There doesn't seem to be a consensus out there anymore. Furthermore, I'm starting to think - besides the initial emotional sell off if and when a decision is made to cut rates - that a rate cut might already be priced in to the market. Does anyone have a better handle on the situation than I do?
I think you're pretty spot on here, Mule. It's a crapshoot at this point, so probably best to remain flat or trade much smaller size than you'd normally do.
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  • #17,629
  • Jul 13, 2016 10:09pm Jul 13, 2016 10:09pm
Quoting Geppy
{quote} I think you're pretty spot on here, Mule. It's a crapshoot at this point, so probably best to remain flat or trade much smaller size than you'd normally do.

Damn, I was afraid someone would say that .
  • #17,630
  • Jul 13, 2016 10:12pm Jul 13, 2016 10:12pm
Quoting Geppy
{quote} I think you're pretty spot on here, Mule. It's a crapshoot at this point, so probably best to remain flat or trade much smaller size than you'd normally do.
Agreed completely!
  • #17,631
  • Jul 13, 2016 10:31pm Jul 13, 2016 10:31pm
Just printed our first red, 15-minute candle after 9 green ones. Time for me to take a stab at shorts.
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  • #17,632
  • Jul 13, 2016 10:34pm Jul 13, 2016 10:34pm
Quoting Geppy
Just printed our first red, 15-minute candle after 9 green ones. Time for me to take a stab at shorts.
10-4. Entered short at 138.11.
  • #17,633
  • Jul 13, 2016 10:46pm Jul 13, 2016 10:46pm
Very good!
  • #17,634
  • Jul 13, 2016 11:06pm Jul 13, 2016 11:06pm
Quoting goldgirl
{quote} Possible. I am looking at 136.50 and 135.50, 2 entries point for another long trade.
136.50 long trade entered
  • #17,635
  • Jul 13, 2016 11:15pm Jul 13, 2016 11:15pm
Quoting goldgirl
{quote} 136.50 long trade entered
can i ask how did u determine 136.50?
for my learning =D
  • #17,636
  • Jul 13, 2016 11:19pm Jul 13, 2016 11:19pm
still long bias for the long term?
  • #17,637
  • Jul 13, 2016 11:26pm Jul 13, 2016 11:26pm
Quoting belgeran
{quote} can i ask how did u determine 136.50? for my learning =D
see 4h
  • #17,638
  • Jul 13, 2016 11:37pm Jul 13, 2016 11:37pm
Quoting belgeran
{quote} can i ask how did u determine 136.50? for my learning =D
Yes , please proof it GG with your screen shoot because GJscalpers is still around he needs a proof of a super call.
  • #17,639
  • Jul 14, 2016 12:02am Jul 14, 2016 12:02am
I have a hunch on how to trade UJ. If BOE holds on to 0.5. UJ may drop around 100 pips. That presents buying opportunity. If BOE cuts to 0.25 or 0. UJ will rise to 107 and beyond.

Either way, UJ presents buying opportunity. Buy now, and then buy again once it drops.

What my hunch is UJ just buy, buy, and buy. Just my hunch.
  • #17,640
  • Jul 14, 2016 12:03am Jul 14, 2016 12:03am
Quoting Cm7
{quote} Yes , please proof it GG with your screen shoot because GJscalpers is still around he needs a proof of a super call.
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