Good one Ellis. The PA looks to be supportive on these yen pairs I must say. My interpretation of the PA is that a definitive break lower is being rejected without a catalyst. Lots of stuff coming up too. CPI, BOE in 8 hours. Consumer ...

Geppy's Geppy Thread (GBP/JPY)

I was watching the old Nat Geo show "Russia's Toughest Prisons." In the "Black Dolphin" guards will blindfold a prisoner when transporting him to another building in the compound. They do this so that prisoners cannot track or know the guard staff's ...

Geppy's Geppy Thread (GBP/JPY)

Yes, that was strange indeed and no news to be found on the move at all. I noticed once 16,000 was threatened on the DOW Jones it popped up hard for no reason at all, GJ followed. They are going to attempt to wear us out the next 8 to 12 weeks so we ...

Geppy's Geppy Thread (GBP/JPY)

Good for you! Whether long or short there were some hefty pips on that spike. Something is telling me the bottom is about to fall out of these markets.

Geppy's Geppy Thread (GBP/JPY)

Nope! No war. Just more mischief by Tier 1 banks to shake out all the stock shorts and USD longs. Now I know we are in a USD bull market for sure.

Geppy's Geppy Thread (GBP/JPY)

Woo Hoo! look at the dollar break down! What is happening? War?

Geppy's Geppy Thread (GBP/JPY)

url Hmm, looks like the correlation with equities has returned. I'm feeling a rush to the exit door pretty soon on stocks and yen crosses but the damage should be limited with UJ and GJ because there is always that theme of more QE on the way from ...

Geppy's Geppy Thread (GBP/JPY)

For those that took that short with me near 169.00 last night if you held your ground, salud. A 43 pip draw was the result in London but 50-70 pips of profit in N.Y. if you held overnight. Yup, bank algos are on kill mode now. If there is anything ...

Geppy's Geppy Thread (GBP/JPY)

Overbought to me.

Geppy's Geppy Thread (GBP/JPY)

It's a consolidation, LOL!! I'm kidding. Better to just play the 5 min. chart at an area like this. That yen won't be staying weak when Mrs. Watanabe snaps that purse shut because of the consumption tax.

Geppy's Geppy Thread (GBP/JPY)

Now Jon Hilsenrath at the WSJ is reporting that short term rates are going to be held low at the Fed. Also I've read the market is waiting on results for earnings season. It's a component to why riskier pairs like GJ are just hanging out with no ...

Geppy's Geppy Thread (GBP/JPY)

If I was trading with 300K like you I probably would too.

Geppy's Geppy Thread (GBP/JPY)

Yeah, just because Tokyo takes it up does not mean it continues in London or N.Y. This is a neutral scalping area now.

Geppy's Geppy Thread (GBP/JPY)

Right about now we need comrade Vladimir to have his forces run in and get control of another natural gas plant on the border of East Ukraine. Stir up some of that market fear again. Crimeans of the world unite!

Geppy's Geppy Thread (GBP/JPY)

I'm in too guys, sold at 168.97

Geppy's Geppy Thread (GBP/JPY)

Over 250 points on the Nikkei and it had to happen at that technical level but I thought the China data would knock it down. It's being reported everywhere as evidence of a downturn. So the question is whether this is a divergence of that GJ break ...

Geppy's Geppy Thread (GBP/JPY)

Another possibility is the 169 area top and it just went to last Friday's zone of refusal.

Geppy's Geppy Thread (GBP/JPY)

Goodness! I had to cut that losing trade. The Nikkei is determined to have their relief rally near that crucial 14,000 level bad data or not. The last 2 days we've seen EJ and GJ break down but with no follow through in Tokyo right now. Do they ...

Geppy's Geppy Thread (GBP/JPY)

Wow look at the yen crosses go, surging on the bad data.

Geppy's Geppy Thread (GBP/JPY)

An 8 month low on HSBC Flash PMI was reported. I went short EUR/JPY at 141.24.

Geppy's Geppy Thread (GBP/JPY)