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Temujin replied Jan 22, 2014Where do you hit it JCandle? Same move on the 17th last week and they faded it then too.
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 22, 2014This is sickening. Algorithmic black box high frequency crap. Patterns from the 1 minute chart on. It's been an hour.
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 22, 2014This is an impulse move. When is this thing gonna retrace! Down, come on. Sold at 172.54
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 22, 2014You got it right! I suffered through that one no SL. Tanked on me 60 pips but now we are all good. GBP/JPY to 178 and Mark Carney for Prime Minister.
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 22, 2014Yeah I think so Emerald eyes but it's tanking now.
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 22, 2014What is this thing MPT? How do you use it? It looks just like a MA line.
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 22, 2014Que's Gann, hmmm. Worth a look for sure. Up, up, up. Fast, slow, slower but up. Sellers will be broken on the wheel of Tokyo justice with the full weight of the Bank of Nippon. Not cool at all. They will have their inflation target for the glory of ...
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014Nice job FX342271. Since this is the 2nd round of easing coming up here this is how I think it will go; we are in a front running phase of it now. Buy until the projected exchange rate. Somewhere Between here and 178. Then in April TP the actual ...
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014BTW, I doubled my trade size and bought at 172.07 just now like an idiot but it worked, oh goodness! Took the profit. Let's see what these Japanese men have to say, press in 48 minutes. Okay I'll just tell myself to never sell it, never sell it, ...
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014Wow, I'm upset. Sold at 171.85 and it went down 50 pips. Now every single one of those has been bought up with good speed and now I'm in the negative. I see what they are doing and it is undeniable. Every dip is bought up higher no matter what trend ...
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014BTW, what time frame do you guys trade this monster on? I would like to do H4 or daily. Is 167.50 in the cards now you think?
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014It's looking very bearish right now on that news even though the price is holding some. I TP'd it and sold it at 171.85 Just as expected from the BOJ. Nothing new. So if they are seeing improvement in the inflation and economy maybe no need for new ...
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014I think you guys are right and there was a sloppy head and shoulders pattern there too. I also looked and saw a Harmonic bat that was bearish but resiliently the pair kept grinding higher. My plan was to sell it down to 167.70 or so but in one night ...
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014J Candle it looks to be that way but now I see an upward channel on the H4 chart. Look at the low of 168.34 on 1/13/14 and you can see a new trend line developing. Looks to be the classic higher lows and higher highs now. We need a good chart ...
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014It was supposed to be at 167.50 buy now as it failed at the weekly pivot. Amazing how Japan and friends worked the grind to twist the downward channel back up. Long at 171.87. 172 is broken. looks like we retest the 174 area in the coming weeks. ...
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014Thanks Phanti, makes me feel a little better going long this high. Oh man.....my stomach feels queasy.
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014It appears it's going for the break. This pair is known as "The Dragon" AKA the "Widow Maker". It takes balls of steel and an iron stomach because of the velocity and range. Good luck to all of you trying to saddle this beast.
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 21, 2014Yes, 172 holds the key here. The London "City Boys" will make the decisive break. We are just an hour into this H4 candle now. USD/JPY the same huh? I guess so and that's a great clue seeing USD/JPY is holding it's ground. So all the bank ...
Geppy's Geppy Thread (GBP/JPY)
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Temujin replied Jan 20, 2014And that break out looks more and more to be to the upside. Looks like we are heading to the double top of 174.50
Geppy's Geppy Thread (GBP/JPY)