We're getting that bullish movement I've been waiting for. I am going to ride this one out until stochastic is at overbought levels on the H4 and then possibly short the beast.

Geppy's Geppy Thread (GBP/JPY)

Hmm... I think it's hammer time. video

Geppy's Geppy Thread (GBP/JPY)

Might have been too enticing for buyers to pass up. Most JPY crosses haven't even broken their 200 MA on the 4H charts. Stochastic is in oversold territory. If this is a sustainable downtrend this potential spike might be a good chance to exit my ...

Geppy's Geppy Thread (GBP/JPY)

I'm still in a long position --- not getting out yet. The downtrend is very immature at this point too --- so I am sure we'll see some kind of pullback. If I am going to exit I will do it at that point. Otherwise, I might just wait it out for the ...

Geppy's Geppy Thread (GBP/JPY)

I don't think it's going to take months to get an overbought reading on the H4 charts. Anyway, I know my system works --- I just did not buy at the right time so now I am stuck with a bad trade for now. Like I said, I don't mind taking a loss but I ...

Geppy's Geppy Thread (GBP/JPY)

Pullbacks happen in all trends up or down. Also, there are successful traders that use stochastics in trending markets --- like Sean Hyman. url He has been the primary influence for me in FX. I definitely respect all traders opinions, I am like a ...

Geppy's Geppy Thread (GBP/JPY)

I understand and I am willing to exit the position but just not when stochastics are in oversold territory. I will wait until we are in overbought territory. I don't need to hang on to a losing trade --- I am just not going to exit just yet. I ...

Geppy's Geppy Thread (GBP/JPY)

I am long from 144.17 --- I don't mind taking a loss. But, I would only consider doing that when stochastic reaches overbought conditions on H4. I am not going to sell when stochastic is in oversold territory --- which is where it is now. We all ...

Geppy's Geppy Thread (GBP/JPY)

Still hanging on to my long position. Stochastic is reaching oversold levels on H4. I don't care if I have to wait a couple of weeks, I won't sell for a loss. They'll have to take it from my cold dead hands.

Geppy's Geppy Thread (GBP/JPY)

I still have 97.1% of my usable margin. Nobody's spooking me out of this one. The only thing I could have done better was enter at a more conservative price. But, I will still wait to sell for a profit.

Geppy's Geppy Thread (GBP/JPY)

Looks like fundamentals are giving the bulls a hard time for sure. Lots of possible bad news looming over the sterling. I am still in my long position. I won't sell for a loss.

Geppy's Geppy Thread (GBP/JPY)

Bullish 5, 10 EMA crossover signal on the 1H charts now present. MACD going from negative to positive. Let's see what happens. Looks bullish.

Geppy's Geppy Thread (GBP/JPY)

I am still holding my long position in GBPJPY and I did not get stopped out today. Occillators are showing oversold conditions on the 4H chart. We are also looking at a possible bounce off of the 200 MA on the 4H charts. The 4H chart is also the ...

Geppy's Geppy Thread (GBP/JPY)

The 15 minute chart still shows an ascending triangle which is basically a continuation pattern. I also use very little leverage because sometimes people forget that the idea of trading and investing is to sell an asset for more than what you bought ...

Geppy's Geppy Thread (GBP/JPY)

If you look at the monthly charts, you can see a very tiny doji or indecision candle in the midst of a powerful uptrend. I see the recent pullback as a buying opportunity. When looking at the bigger picture I do not see any bearish signs. I would ...

Geppy's Geppy Thread (GBP/JPY)

Hail to the beast!

Geppy's Geppy Thread (GBP/JPY)

Actually, it looks like GBPJPY had AUDJPY beat during the financial crisis of 2008. GBPJPY was at about 211 just before the crisis and dropped all the way down to 130 before it began it's recovery. No question that GBPJPY is a beast.

Geppy's Geppy Thread (GBP/JPY)

JPY surges when stock markets crash, no need to look any further than the financial crisis of 2008. I think shorting AUDJPY is probably one of the best bets during a panic. But, JPY benefits across the board whenever there is panic in the air.

Geppy's Geppy Thread (GBP/JPY)

This consolidation does look different than others we have had on the daily chart. Either way it goes, it was a good run up and if it goes south I will be riding that wave too. Cowabunga Dudes!

Geppy's Geppy Thread (GBP/JPY)

Seeing as 80% of all trades involve the USD I have been looking at the USDJPY for some clarity. The Monthly, Weekly and Daily charts show absolutely no signs of any kind of bearish divergence and after what happened this morning a buy signal popped ...

Geppy's Geppy Thread (GBP/JPY)