I guess what I'm saying is with the right recipe of factors in play this emerging market thing can become uncontainable and this market can roll over into a full on bear market.

Geppy's Geppy Thread (GBP/JPY)

175 seems like a stretch MPT even though the BOJ is still the midst of an extremely aggressive easing program. We'll get some hints on the sentiment tomorrow with BOJ meeting. 1/3 of the analysts say new measures in April but with these fears going ...

Geppy's Geppy Thread (GBP/JPY)

Good stuff guys. We've already seen the capital outflows from the emerging markets as their exchange rates with the USD are so abnormal now. Dollars are being pulled out of these risky high yields into safer instruments. The question now is will ...

Geppy's Geppy Thread (GBP/JPY)

If this breaks 167.95 is next

Geppy's Geppy Thread (GBP/JPY)

WOOT WOOT! So now where should we TP this thing? Anyone?

Geppy's Geppy Thread (GBP/JPY)

CAD CPI mostly as expected. DOW futures look better at minus 69. The market looks like it wants to get a grip now and calm down a bit. I'm in too. Come on, up, up, up.

Geppy's Geppy Thread (GBP/JPY)

Futures are trying to come up now DOW negative 90. 1 hour and 10 min. still left before the open. Big CAD CPI data in 8 minutes.

Geppy's Geppy Thread (GBP/JPY)

AUD/JPY and USD/JPY are being supported and already up 45 pips. GBP/JPY is near the zone. I just don't wanna go long right here and have them shake me out only to have it rise later.

Geppy's Geppy Thread (GBP/JPY)

This is gonna be tricky. DOW futures are getting worse by the hour, at a minus 100 now. Gold is up $7.80. This is gonna be another dive for the markets but the bounce will be lucrative. The question is where to go long.

Geppy's Geppy Thread (GBP/JPY)

I had to come back and trade NY. There is some dough to be made here. The 169 area is holding but we are still pre market.

Geppy's Geppy Thread (GBP/JPY)

I"m gonna step back and trade something slower this last trading day of the week. EUR/USD. The move was so fast I had no business trying to get greedy and close my short for a bounce. It was fun though. Have a great weekend everybody.

Geppy's Geppy Thread (GBP/JPY)

Wow, that was almost a disaster trying to catch a bounce with that kind of downward velocity at 170. Terrible

Geppy's Geppy Thread (GBP/JPY)

Thanks for all your help this week MPT. Now I can finally start to be a real trader on these longer time frames and not be glued to a screen 10 hours a day.

Geppy's Geppy Thread (GBP/JPY)

Volatility is indeed increasing. The VIX index spiked up 7% today on the S&P but an increase the measure is usually associated with down moves. The tier one bank is the individual traders enemy and what I know is that when something is rising in a ...

Geppy's Geppy Thread (GBP/JPY)

The cool part is that we see it early. Being new at forex part of the mystery to me was the signals that are propagated through the mass forex media. By the time I see them it's a few hundred pips in the new direction and now all the risk is mine to ...

Geppy's Geppy Thread (GBP/JPY)

Okay will do. Yes, it is tanking now. The market is rolling over and will not assume a bullish trend until the correction is over. This is only day 2 of it.

Geppy's Geppy Thread (GBP/JPY)

Wow! Thanks so much. Elliot is complex but if you know it the tool is powerful. Yes it is looking bearish. Let's see if London gives this bad boy a smack down. So the trick is knowing what wave you're in and when it ends.

Geppy's Geppy Thread (GBP/JPY)

You're right MPT. I just read some article title about how GJ is really a UJ story. Now Taro Aso is saying Japan is actually out of a deflationary environment. There does not seem to be the need for more stimulus to off set the new tax or take these ...

Geppy's Geppy Thread (GBP/JPY)

I've been at this for a year now and I find myself trading segments of all 3 sessions and sleeping in between. I would like to make the transition to trading a daily time frame so I can accumulate more pips and have a life again. It's gonna be a ...

Geppy's Geppy Thread (GBP/JPY)

Hello MPT! The sell off today had a certain texture to it. It had a feel I have not seen in a while. I see how far the market had extended in 2013 and I'm seeing things now that are indicative of a correction before this gets any higher, GBP/JPY ...

Geppy's Geppy Thread (GBP/JPY)