Bought @ 140.023 Sold @ 140.070 I am going to wait for the next short signal. I probably should have stayed in the trade until it gave me a bearish signal. Oh well. Sidelined for now.

Geppy's Geppy Thread (GBP/JPY)

Closed out my long position for +4 pips. I know it's nothing but it was a countertrend trade. I am expecting a bearish signal sooner rather than later. Last bearish signal was approx. 400 pip winner (02.19.2013-02.22.2013). The prior bearish signal ...

Geppy's Geppy Thread (GBP/JPY)

My system does not involve using S/R levels as they were meant to be broken. I don't have target prices but I do place stops just under (bullish) or above (bearish) the first candle that causes the signal. I also trail my stops usually placing them ...

Geppy's Geppy Thread (GBP/JPY)

No, I am still long because my system hasn't given me a bearish signal yet. However, I think it's coming. Countertrend signals are usually weaker and don't last as long but I still take them anyway as they can still be profitable. Like you said last ...

Geppy's Geppy Thread (GBP/JPY)

Looks like we'll be headed back down soon enough as I suspected.

Geppy's Geppy Thread (GBP/JPY)

When he actually reaffirms the 2% inflation target we might see a bullish move. In any event, I am just following the system now waiting for the next change of direction.

Geppy's Geppy Thread (GBP/JPY)

Yes, but I think he was talking about going long NOW. Not this morning. Nevertheless, it really doesn't matter to me. I am bullish for now until my system signals otherwise. I am not trying to predict anything bro. Cowabunga

Geppy's Geppy Thread (GBP/JPY)

I actually have some experience with NOT following my own system. My advice is to back test and forward test your system - and DO NOT trade anything other than MICRO LOTS or a DEMO until you are CONSISTENT AND PROFITABLE.

Geppy's Geppy Thread (GBP/JPY)

I had the same problem Gepster but back to normal now. I am already long, but to be honest I don't think this will last long. However, I will wait for my system to show a bearish signal on 4H before I start shorting again. Good Luck Gentlemen! I ...

Geppy's Geppy Thread (GBP/JPY)

That's very good advice. I actually know my system works I just have to start using it. lol But, it's true. At the end of the day other people don't have to live with your decisions you do. So make sure you can live with the outcome. Good advice ...

Geppy's Geppy Thread (GBP/JPY)

I was going to ask you earlier if you knew about some institutional info --- Do I think we are still heading downward? Yes. However, my system doesn't really involve having to think very much. I created a system and I have been in the trial phases ...

Geppy's Geppy Thread (GBP/JPY)

I back tested the hell out of my system and I know it works now it's time to forward test. Just got a 5/10 EMA crossover to the upside on the 4H charts. I don't know how long it will last before we go back down again but I don't care. I am just ...

Geppy's Geppy Thread (GBP/JPY)

I am not sure why you would wait for the monthly chart to show you a correction? It works from the bottom to the top on this. The weekly is now close to showing a total reversal. We might see EURJPY go all the way back to 107. We have textbook ...

USD/JPY Discussion

Don't worry now it's Draghi's turn to step up to the mic. In any event, like I said last night we prob. won't break the floor of this descending triangle until sometime near Friday. Interesting to see how you can make some quick pips on the M1 ...

Geppy's Geppy Thread (GBP/JPY)

I think this triangle will break sometime before March 1st. It's a pretty obvious descending triangle. I think Snoop said it best. lol url

Geppy's Geppy Thread (GBP/JPY)

Just went short @ 138.74 --- SL @ 139.00 Not my night tonight. lol I should just stick to the H4 or D1.

Geppy's Geppy Thread (GBP/JPY)

Until this thing breaks out of this triangle, I don't think we're going to see any big moves.

Geppy's Geppy Thread (GBP/JPY)

I like taking signals off the H4 charts but the M15 is where it's at. You can leverage more and place your stops a lot tighter. But, we all need to sleep of course. lol

Geppy's Geppy Thread (GBP/JPY)

You're definitely right --- the trend is your friend. I should only be taking short signals right now. It's also half the work. I'll just be taking short signals on the M15 from here on out.

Geppy's Geppy Thread (GBP/JPY)

Not looking good on the M15. The bears aren't playing around tonight. lol I should just stick to the M15 when placing trades and use the bigger charts for general biases. I will prob. get stopped out of my long position. Just moved my SL up to ...

Geppy's Geppy Thread (GBP/JPY)