Hah!!! I love how you just called wave theory "a bit of hocus pocus" PS: I am not dismissing it as a useful tool, I just seriously can't stop laughing.

Geppy's Geppy Thread (GBP/JPY)

I agree with everything you just said. It is so important that it is worth repeating. I would even argue that the psychological aspect is THE most important part of the system. It is the thing that most traders lack, including myself -- PDC: ...

AckelSystem

Understood... I believe that there was, is, or has to be a perfectly logical (technical) explanation for these moves as well. Wave theory can certainly account for a part of it, but I've always seen the waves as a simple function of both 1) measured ...

Geppy's Geppy Thread (GBP/JPY)

Thank you! I've been looking for something like that for a while. Your system looks interesting and I will read more about it tonight. However, I noticed that you said you are "fighting against the lack of discipline" and I can tell you that I have ...

AckelSystem

I don't know much about wave theory or how he came up with 150.82, but I was just looking at sup/res and it seemed like buyers came in at the .80 level and sold at 151 evens. It doesn't look like 150.80 is going to hold here though, in my opinion. ...

Geppy's Geppy Thread (GBP/JPY)

Hi, Could you please tell me which indicator you are using in the top-left corner of your charts? The one that tells you how much time remaining until the next high impact FF event? If it is not already attached, would you mind attaching it? Many ...

AckelSystem

It looks to me like someone is buying this area pretty heavily here. Check out these 1 min. candles. There seems to be some resistance around 151.00, but we may just break it here. I was thinking that wouldn't happen until tonight, but the momentum ...

Geppy's Geppy Thread (GBP/JPY)

PS: Haven't we been devaluing our currency for wayyy too long already? I am talking specifically the USD, Eurozone, and JPY. I mean, come on. Don't we all know that a strong economy goes hand-in-hand with a strong currency? Why not just have a ...

Geppy's Geppy Thread (GBP/JPY)

Stupid China, dragging down our markets... Does anyone have an indicator or EA that displays the time remaining (in your local time zone) until the next "high impact" event on FF? I'm not entirely sure how to program that but it sure would be ...

Geppy's Geppy Thread (GBP/JPY)

HAHAHAHA you guys are great!

Geppy's Geppy Thread (GBP/JPY)

Ok. Shorts win. I'm done with this ****. I'll be back once I figure things out. It seems I keep doing everything backwards.

Geppy's Geppy Thread (GBP/JPY)

I can see why you guys think 147.00 is a good target, but I'm not so sure if we're going to get there. Bernanke has spoken, it was pretty friggin volatile, but it seems to be settling down a bit now and I am bullish at least in the short-term. I ...

Geppy's Geppy Thread (GBP/JPY)

Thank you Mpt. That was a perfect answer. I am going to hold on to this information from now on. I've always wondered about this and your answer makes so much sense. I guess the "fundamentals" is something I can no longer avoid.

Geppy's Geppy Thread (GBP/JPY)

Oooh okay. I see that now. I just checked FF and I see that it was a high impact event. I've noticed that FF labels it like that which I think is cool, but I've never paid any attention to it and I guess I need to... at least to the high impact ...

Geppy's Geppy Thread (GBP/JPY)

sorry, but HOW COULD YOU SAY THIS MARKET IS NOT TECHNICAL?! Wtf just was that? Someone please tell me. Also if you could tell me what's wrong with me that would be great too.

Geppy's Geppy Thread (GBP/JPY)

i got fractal lows at 150.099... below there and it could get ugly

Geppy's Geppy Thread (GBP/JPY)

wtffff is going on?!?! and why didn't i take my profits?!!!

Geppy's Geppy Thread (GBP/JPY)

Up up up and awwwayyy! image

Geppy's Geppy Thread (GBP/JPY)

I'm not going anywhere, dude. I actually prefer that you focus on indices and ETF's rather than FX. I am a daytrader at a prop firm and that is exactly what I've been focusing on as of late. I like to trade the 3x leveraged etf's like UPRO, SSO, ...

Let's Trade Options

I disagree 100%... But hey, isn't that what makes a market?! Would be curious to know why you say this, anyhow. I'm happy to back up my claims as to why I believe the opposite... if anyone is, in fact, interested. Also, that's a pretty sweet chart ...

Geppy's Geppy Thread (GBP/JPY)