Price is trying to fake resistance at 172

Geppy's Geppy Thread (GBP/JPY)

Good morning. I just woke up. ... I think Japanese Trade Balance will have to become a red colored news on FF Calendar. I still claim Fokushima plays a major role. This week again I heard that some country rejected import of their cars as they were ...

Geppy's Geppy Thread (GBP/JPY)

Well... I am EMA guy, but I also look at the Price action. First of all, There is one very important EMA on a Daily and that is 153 EMA, put it on the chart, please. Do you see it about 450 days ago? This is where I said we are in a bull trend and ...

Geppy's Geppy Thread (GBP/JPY)

lol and it broke it.

Geppy's Geppy Thread (GBP/JPY)

There are 6 barriers on my chart where the top of today is. If it brakes that continuation up is possible...

Geppy's Geppy Thread (GBP/JPY)

If I quote one professional trader about my trading: "Your trading is a joke." Maybe it really is.

Geppy's Geppy Thread (GBP/JPY)

If average gain would be 100 pips, then cumulative would be 600 pips. Deduct 36 pips (3 weeks x 2 pip value x 6 positions) and spread 18 pips (3 pips x 6 positions) then gain would be 546 pips. How is this bad? Are you a professional trader?

Geppy's Geppy Thread (GBP/JPY)

cca 2 pips in swap per week is a lot? I don't think so. Lets say you have position open for 3 weeks. That would be about 6 pips of swap. If price moves 200 pips in your favour, then 6 pips swap + 3 pips spread is pocket change.

Geppy's Geppy Thread (GBP/JPY)

At this point Nikkei has huge problems staying above 15.000, GU doesn't seem to be bullish, on D it is forming lower lows and lower heights, but yes, news can change everything...

Geppy's Geppy Thread (GBP/JPY)

I am running short on 6 positions and my plan is to hold them until 168 area. Maybe its gona go, maybe not...

Geppy's Geppy Thread (GBP/JPY)

You could have state reason for the trade! We might be able to discuss it.

Geppy's Geppy Thread (GBP/JPY)

Why did i expect that

Geppy's Geppy Thread (GBP/JPY)

I would love to see a mirror of the last week's bar. But if price continues to rise it can go to 173.6 without much problem.

Geppy's Geppy Thread (GBP/JPY)

Possible channel... We will soon see...

Geppy's Geppy Thread (GBP/JPY)

Oh look, we hit 171 (almost). In the mean time Nikkei visited 15000 area and is consolidating. If everything starts droping we might have a nice black swan event coming up (down actually) this week. Good luck to all!

Geppy's Geppy Thread (GBP/JPY)

Careful please! Price can still retrace to 171 before the fall continues, watch the W chart. Black swan event might not be this week. 168 is valid on my chart, too, even few pips below.

Geppy's Geppy Thread (GBP/JPY)

Well I didn't expect price to fall so soon... but since it did, we might fly South... depends also on nikkei, for now however is stable and might paint weekly bearish pin...

Geppy's Geppy Thread (GBP/JPY)

Weekly: EJ made a Bullish pin so I expect some retrace North, but 20 EMA should stop the price and bounce down. UJ as well made a Bullish pin, but is just below the traffic zone, so I don't think it is going North a lot. GU on the other hand had in ...

Geppy's Geppy Thread (GBP/JPY)

I agree, until 164 price can still call a long term range, under 163 would call for old levels South.

Geppy's Geppy Thread (GBP/JPY)

Uf! That would be extremely bearish, like good bye up trend forever and would probably call for 164.

Geppy's Geppy Thread (GBP/JPY)