What about SL?

Geppy's Geppy Thread (GBP/JPY)

Where do you see your initial TP? 172? 171?

Geppy's Geppy Thread (GBP/JPY)

We've a minor resistance around 108.1 (probably going to be broken), followed by the 108.40/50 mark. The reason as it turned out, was that the BOJ won't intervene for the moment, but the U.S. bonds and stocks are performing above expectations. We're ...

USD/JPY Discussion

Anyone think it'll breach 109?

USD/JPY Discussion

*shrugs* That's why I'm only considering at the moment. It's the ideal price to short around there, but I'll probably wait for signs of a major breakout/breakdown. But honestly, by intraday standards, I'm expecting a correction. It's not just the ...

Geppy's Geppy Thread (GBP/JPY)

....Wow. Just Wow. This pair is so extremely overbought by intraday standards that it's not even funny. USD unemployment claims did nothing to damper the bullish momentum, and now we're dancing on 85-90 RSI levels in the 5 minute chart. Only one ...

USD/JPY Discussion

Is that a heads and shoulders pattern I'm seeing around that price (173.40/20) in the daily chart? Considering a short around 173.5 with SL at the 174 mark.

Geppy's Geppy Thread (GBP/JPY)

I meant in intraday short terms, which is measured by minutes, not hours or days. For example, right now we've seen around a 25pip move upwards since my last post. That was what I was referring to when I said that the pair was extremely oversold-it ...

Geppy's Geppy Thread (GBP/JPY)

It has to go up a bit. It's extremely oversold right now; we'll see it go up maybe a couple 10 pips. After that, I guess it's anyone's guess. 172.8 keeps holding as a resistance but GBP/JPY was previously roaring to soar to new highs.....I don't ...

Geppy's Geppy Thread (GBP/JPY)

Still feel like we have have more small climb before the market corrects itself. We've maintained the 1.120 psychological support, and we've really only briefly breached the 1.122 bullish support on Oct 15 before going straight back up. I think the ...

USD/CAD

I tentatively agree. I didn't expect it to fall so quickly, but the continued rate of decline despite favorable news....and there's the expected correction from the double top. I might cancel my scalping longs, but threre's one thing that gets me: ...

USD/CAD

We've crossed the major resistance established earlier this year (around late February). The only remaining major resistance is back in 2009 levels, which is around 1.6-1.7 (depending on which form of stochastics you use). IT won't be a straight ...

USD/CAD

Don't buy/sell before the news. Any pair about the USD is a huge risk right now, and the risks aren't worth the potential gains. We have a bullish sentiment for USD/CAD (obviously), so if both the main news for USD & CAD favor going long on USDCAD, ...

USD/CAD

GBP and USD go hand in hand for foreign pairs. If one makes an extreme move, so does the other. A very bad USD = bad GBP. Also, the GBP did NOT have good data; AEI only met expectations, and while unemployment was above average, it was overshadowed ...

Geppy's Geppy Thread (GBP/JPY)

Agreed. the news for the GBP weren't favorable, and Draghi's announcement didn't merit such high rises. In all likelihood, this is a premature bullish momentum, one that will check itself back to the 170.5 levels by the time of the U.S. ...

Geppy's Geppy Thread (GBP/JPY)

Yeah....I shorted 10 micropips from 180.3 I took that one just for kicks and giggles, and now I'm kicking myself for not selling more. *facepalm* Edit: On a second note, I hate having to wait for a promotion before shorting the the GBP/JPY. Almost ...

GBP/JPY

Definately a shakeout by market makers. Just look at GBP/JPY, which made a breakthrough for the bulls just recently. This is a bit too steep for a 3rd wave correction, and given the contradicting nature of the JPY news as of late (which favors non ...

USD/JPY Discussion

Once 173.6 line is breached for good, where the next decent resistance? We always have a psychological resistance at whole numbers, so we definately have 174 (support being 173). But is there any before that? I can't seem to find any right now.

GBP/JPY

Saw the Canadian building permits in the past few years. It seemed as though the permits have been performing above expectations too long, so I took a long at 1.11501 right before the update. Given that the permits are 21% below expectations, my TP ...

USD/CAD