Since then took profit, and had a temporary brain freeze thinking it was good to go short. Tight SL, but closed that trade and went long again as per the M5 chart. Obviously, now at a key level, and could reverse. So watching closely to see if I ...

Geppy's Geppy Thread (GBP/JPY)

Also, just to be clear, I actually entered on M15 chart, but it's easier to show on the H1 after it confirmed the trade with that pin...

Geppy's Geppy Thread (GBP/JPY)

Sure... Let me know if any questions. I've attached the chart, drawn a line at support, and arrow at my entry point. So, SL below the tail of that H1 pin, which rejected support...

Geppy's Geppy Thread (GBP/JPY)

However... I'm still seeing the bulls winning in spite of the "bear slams". Obviously, in consolidation, and it could go back and forth for a while, or bears could slam it again, and that's that... But, I compare today with 11/5 it was obvious the ...

Geppy's Geppy Thread (GBP/JPY)

FX-Ray, thanks for posting I definitely respect your experience, and view. Your comments made me take a second look at my own view of what GBPJPY is doing now. And I noticed something I hadn't noticed before. The decisive moves shown on ...

Geppy's Geppy Thread (GBP/JPY)

Okay. Maybe this will take longer than anticipated Short term, bulls still have a slight edge, but fell back into consolidation... Of course, as long as it stays decisively above 183.123 and we have a NY daily close above this, I think ...

Geppy's Geppy Thread (GBP/JPY)

Sounds like the safe way to trade. The way I trade breakouts is to anticipate trade direction and get in early. Easier for me to set SL that way, and less risk, pip wise. But just my way, I respect anyone who "waits". Earlier I saw hesitation on the ...

Geppy's Geppy Thread (GBP/JPY)

Yep, agreed. Approaching key area. Bulls look strong... Not going short on lower time frames anymore the way things are looking. Long all the way, unless I see a U-turn on H1 or H4... Edit: Chart is M5, looking like a break out of bull flag, and ...

Geppy's Geppy Thread (GBP/JPY)

SL is 183.93. I'm not saying anyone should follow my trades. Unless you're comfortable watching the trade on lower time frames, and managing it accordingly. Currently watching M1...

Geppy's Geppy Thread (GBP/JPY)

In a 40-50 pip range right now. In my opinion good for both long and short trades. Closed my long positions, and am short right now, but if it breaks out of range, I'll change direction to long. if it drops 40-50 pips, Ill TP and go long...

Geppy's Geppy Thread (GBP/JPY)

If you DO decide that longer term is the way you want to trade, and primarily trade D1 time frame, I believe a break out of inside bar is the best kind of trade to take. So, if this price does break out (i.e. a NY daily close above 184.3) then I'd ...

Geppy's Geppy Thread (GBP/JPY)

I don't think wealth is the key. If you have even small account, lets say $150, you can still trade. Example with an average 1:5 R:R Average risk of $5 to make $25 on each trade. Win 10 trades, lose 30 trades, net profit of $100, which is a gain of ...

Geppy's Geppy Thread (GBP/JPY)

Actually, I think in respect to comfort level in terms of time frames for holding trades, we are on the same page. I usually don't hold over the weekend...

Geppy's Geppy Thread (GBP/JPY)

Having said that in retrospect, currently as the price is consolidating at upward resistance right now, I DO think it would be a good time to stand aside, if you are not in a long trade. Price could reverse here. But, I've moved my SL up, and will ...

Geppy's Geppy Thread (GBP/JPY)

Thanks for your response. However, my post was directed more to those trying to trade GBPJPY short over past several hours. But your response seems more to indicate your view is to stand aside, rather than try and pick a direction. I respect that, ...

Geppy's Geppy Thread (GBP/JPY)

For anyone jumping in short on this pair over past several hours, and uncertain of price direction, I recommend learning how to spot reversals and also how to gauge this on multiple time frames. You can still be wrong on any given trade, but at ...

Geppy's Geppy Thread (GBP/JPY)

181.759 needs to be broken for further downside... Otherwise, looking like this might be a nice place to go long, bottom of daily inside bar range...

Geppy's Geppy Thread (GBP/JPY)

hmm... Was hoping for a more decisive move right away, and eventual break out of the inside bar on the daily. No such thing. So, still completely indecisive on daily chart, but at the bottom of the range of the inside bar. I don't like being short ...

Geppy's Geppy Thread (GBP/JPY)

Will watch and see if it finds support around 181.20-30ish area. Possibly a good TP. If it falls through that area, then I'd look for it to fall below 181. We'll see...

Geppy's Geppy Thread (GBP/JPY)

I'm short. Low risk trade, as it is at the top of a channel down right now. Has to break out upward, or it will fall. If price cannot break above 182.14 very soon, I anticipate a 100 pip drop to 181ish...

Geppy's Geppy Thread (GBP/JPY)