Depends on the timeframe... Long term Fundamentals.... Unemployment in the UK has been falling since 2012 and the economy is growing, which is GBP +ve. Japan will continue their QE which is JPY -ve. Long term Technicals... As long as the trendline ...

Geppy's Geppy Thread (GBP/JPY)

The Ukraine crisis is a red herring. If it really is such a big global risk event, then Why is it that last week G/J rallied ~465pips U/J rallied ~253pips both without a break.

Geppy's Geppy Thread (GBP/JPY)

I think 171.17 will not break easily. It's at 50% fibo, and it coincides with the upper edge of the channel from the recent range. If anything it should bounce here. But if it does there probably won't be enough momentum to carry this above the ...

Geppy's Geppy Thread (GBP/JPY)

I think discussing potential setups is in keeping with the purpose of this thread, and helps everybody learn. Calling out a trade such as you did doesn't. Can you not see how calling out a 1000 pip trade without a stop loss and without any reasoning ...

Geppy's Geppy Thread (GBP/JPY)

Guys, trading can be stressful... I read somewhere once that if you are stressed while trading then you shouldn't be trading. Just step away compose yourself and then return with a cool head. I also think calling out trades doesn't really benefit ...

Geppy's Geppy Thread (GBP/JPY)

Break out of consolidation and based on similarity target ~176.800 Immediate target 172.800 followed by retest of 173.630.

Geppy's Geppy Thread (GBP/JPY)

The worst thing you can do (unless you know exactly what you're doing) is keeping positions open over the weekend. If there is a big gap in the wrong direction you can lose more than just your equity. You'll lose your shirt, trousers and your ...

Geppy's Geppy Thread (GBP/JPY)

A view.

Geppy's Geppy Thread (GBP/JPY)

Let's hope you didn't gamble. It went completely in the opposite direction. What I don't understand is why people can't back up their ideas with some solid technical analysis instead of calling out trades and turning forex trading into a casino.

Geppy's Geppy Thread (GBP/JPY)

Channel holding for the time being.

Geppy's Geppy Thread (GBP/JPY)

"this retail technical analysis that everyone is following is a bunch of crap" So that is your opinion. What do you trade by, your gut feeling?

Geppy's Geppy Thread (GBP/JPY)

SirMcPip, I just think that if you're going to call a trade as you did, it needs to be backed up by some analysis (especially some TA), otherwise what's the point posting?

Geppy's Geppy Thread (GBP/JPY)

That's a bold trade, especially without a SL. You're looking at a 1000 pip Target, what's your timeframe and reasoning?

Geppy's Geppy Thread (GBP/JPY)

New channel forming?

Geppy's Geppy Thread (GBP/JPY)

Hi 1again, Thanks for the positive feedback. I worked on this project a while back and I've only recently come back to it. I noticed a few bugs in the scripts and macros that I've been ironing out. I can see that there is still a lot of room for ...

Point and Figure

If anyone has found this excel method useful and has been able to plot useful charts, then please share your charts on this forum with any suggestions or comments.

Point and Figure

If anyone's interested, some time ago I worked on a method of using Excel for PnF charts using MT4 data. You can check out the thread here... url

Intraday Point and Figure Trading

Hi PipOracle and Smingjie, I'm sorry it's taken me so long to fix the problems you mentioned. I have uploaded a new excel file that should work fine. It is attached to the first post. Please read the instructions carefully, hopefully there won't be ...

Point and Figure

Please be wary of those making one shot sweeping statements, about where the price will go and what the levels mean without any charts or analysis. 1.313x is definitely not a minor resistance level just look at how price has respected this level on ...

EURUSD

Hi Stevewalker, I guess the price broke above 1.28030 on H4 - EURUSD looking alot more bullish According to my chart price has broken out of the bearish channel (magenta lines) and has started moving up a new bullish channel (green lines), i'm ...

Trading EURUSD only