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Attachments: Geppy vs. GJscalper - a duel to the death!
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Geppy vs. GJscalper - a duel to the death!

Not taking sides, but good job so far gjscalper. Keep it up.
Please check out my blog at https://from-zero-to-hero . net
Quoting j_snail
I've been silently watching this entertaining thread for a while, following your current interesting trade pip by pip gj. I even shot a small sell with your first trade but I'm still holding to it are you sure your levels are accurate? I have different ones {image}
I am very sure about MY levels. Being that you have never been explained how my system is calculated and recalculated we will have totally different levels. Which is why I don't give back to back orders because if I give enough of them, it would be easily "reversed engineered" and that is the LAST thing I want. Why? Well because I have put over 8 years of trading day after day into this, only to then give it away on a forum! #NoThanks
@GJscalper I've turned a new leaf. No more trolling.
Quick calculation.
Right before this open order of .15 My account balance was 965.00

From my entry to the SL it is 24 pips.
So if I do stop out right on the nose it would be a loss of 24 pips times 1.50 usd = 36 usd

36 usd is about 3.7% of my account. So based on my system and the money management which I use, a 3.7% loss is excellent for me, considering that I am aiming to make the same amount!

How did I get 3.7% 36/965 times 100 = 3.7
@GJscalper I've turned a new leaf. No more trolling.
Quoting smash1820
Not taking sides, but good job so far gjscalper. Keep it up.

Thank you sir. I hope when it is all said and done people will realize that "scalping" is the best way to trade no matter the market condition. Flat or break out! I say that because many people have mentioned that it has been easy for me to profit in these 4 days because the market has been "flat". Flat or not, a scalper tends to enter BEFORE the breakout and not during.
@GJscalper I've turned a new leaf. No more trolling.
  • Post #865
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  • Edited 10:29pm Jul 21, 2016 10:24pm | Edited 10:29pm
Quoting GJscalper
{quote} I am very sure about MY levels. Being that you have never been explained how my system is calculated and recalculated we will have totally different levels. Which is why I don't give back to back orders because if I give enough of them, it would be easily "reversed engineered" and that is the LAST thing I want. Why? Well because I have put over 8 years of trading day after day into this, only to then give it away on a forum! #NoThanks
Observing your trade GJscalper. Interesting try to understand the basic concept of logic. I am trying to learn, that's all. Why every 15 minutes, the Fibo level changes?
And Why the sequence second trade TP was change from TP 140.309 to 140.470?
And, behold, with every hardship comes ease:
Quoting RoelsMajor
{quote} Observing your trade GJScalper. Interesting try to understand the basic concept of logic. I am trying to learn, that's all. Why every 15 minutes, the Fibo level changes? And Why the sequence second trade TP was change from TP 140.309 to 140.470?

Time isn't a factor at all once the fibs are calculated.

As For why the TP changes the answer is simple! The Buys will always have a certain tp compared to the Sells tp.
So if this system is built on the "fact" that you won't experience three straight losses, that would mean that if your first order is a buy, the third order in the same sequence would be a buy also. Making order number 2 a sell. So say order number one was a buy TP would be 140.309
If order two was a sell then tp would be 139.491
Should order two fail then the tp for number three would still be 140.309

In other words the fib levels never change unless the TP is hit!
@GJscalper I've turned a new leaf. No more trolling.
Quoting GJscalper
{image} Ok. As of this moment, I am in a scalp sell of GJ. TP is 139.491 SL is a CLOSE at or above 140.046 on the 1m ----------------------------------------------------------- Should the SL condition be met, I will then switch to a 1.5 long of GJ tp = 140.309 SL = given once it is activated!
Good to see you're back at it after getting the computer back in action.
check out my blog: forexmademillionaire dot com
Quoting Geppy
{quote} Good to see you're back at it after getting the computer back in action.

Thanks Geppy. This is the second time in two weeks in which this computer has done thing to me. Hopefully it will be the last time. I am hoping to make maybe 2-4 trades before 11gmt and call it a day. I haven't gotten more than 3 hours sleep since Monday and I swear that I am seeing double.
@GJscalper I've turned a new leaf. No more trolling.
Quoting GJscalper
{quote} Time isn't a factor at all once the fibs are calculated. As For why the TP changes the answer is simple! The Buys will always have a certain tp compared to the Sells tp. So if this system is built on the "fact" that you won't experience three straight losses, that would mean that if your first order is a buy, the third order in the same sequence would be a buy also. Making order number 2 a sell. So say order number one was a buy TP would be 140.309 If order two was a sell then tp would be 139.491 Should order two fail then the tp for...
Interesting
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
Quoting GJscalper
{quote} Time isn't a factor at all once the fibs are calculated. As For why the TP changes the answer is simple! The Buys will always have a certain tp compared to the Sells tp. So if this system is built on the "fact" that you won't experience three straight losses, that would mean that if your first order is a buy, the third order in the same sequence would be a buy also. Making order number 2 a sell. So say order number one was a buy TP would be 140.309 If order two was a sell then tp would be 139.491 Should order two fail then the tp for...
Well a really bit weird based on Ur screenshot pictures in post #858 and facts of Ur trading (TP always change) and I don't quite understand what U mean, but anyway Thanks. Keep a good work. Have a nice profit.
And, behold, with every hardship comes ease:
Quoting GJscalper
{quote} Thank you sir. I hope when it is all said and done people will realize that "scalping" is the best way to trade no matter the market condition. Flat or break out! I say that because many people have mentioned that it has been easy for me to profit in these 4 days because the market has been "flat". Flat or not, a scalper tends to enter BEFORE the breakout and not during.
Hi GJscalper;

I surprise myself when I say I agree with you about "Scalping" being the best way to Trade.

I say surprising because in the past I have been a long term Trader, Trading D1 Charts.

I now realise that the less time spent in the Markets the better, as you have stated, accuracy of entry with as little as possible Draw Down is the way to go.

Trading M1 is the speed boat of the Trading world you are able to dart in and out of positions Trading both with and against the Primary Trend.

M1 (preferably Tick Charts) are the "heart beat" of the Markets everything emanates from that first Tick.

The critical part is following your own path in learning how to measure that "heart beat".

Good luck to both you and Geppy in your Trading endeavours.
Quoting GJscalper
{quote} Although this is my Hobby, I do trade full time, as I dedicate at least 10 hours a day to this. As for being able to LAST, it all boils down to ALWAYS using SL and respecting price action. If you are around tomorrow, you will see how my charts are setup and how the moment GJ hits my TP, i exit at that very price. I never let the profit ride nor do I ever trade for break even. As someone else mentioned, my form of trading deals with "martingale" money management. Why martingale? Well because martingale ALONG with the system which I uses,...


MUCH RESPECT TO YOU GJ SCALPER. Many traders wouldn't take the time to explain their situation in depth. I give you allot of credit and look forward to seeing what you can do in this "Battle of the Titans" match with Geppy
“The most valuable commodity I know of is information”
Quoting GJscalper
{quote} Thanks Geppy. This is the second time in two weeks in which this computer has done thing to me. Hopefully it will be the last time. I am hoping to make maybe 2-4 trades before 11gmt and call it a day. I haven't gotten more than 3 hours sleep since Monday and I swear that I am seeing double.
As a trader you should always have more than one computer by your side
Quoting stevepatt
{quote} Hi GJscalper; I surprise myself when I say I agree with you about "Scalping" being the best way to Trade. I say surprising because in the past I have been a long term Trader, Trading D1 Charts. I now realise that the less time spent in the Markets the better, as you have stated, accuracy of entry with as little as possible Draw Down is the way to go. Trading M1 is the speed boat of the Trading world you are able to dart in and out of positions Trading both with and against the Primary Trend. M1 (preferably Tick Charts) are the "heart beat"...
I really like the way you put it. In terms of the "heart-beat". I have taken the time to read many other threads and everyone seems to believe that the HIGHER tf is the way to go and that the LOWER TF (1m) is just noice. Yet I like to think of Noise as something that the person hearing it doesn't understand. Simply think about how a 4hr candle would look if we had 0 price movement for 240 1m candles.
@GJscalper I've turned a new leaf. No more trolling.
we have gone nowhere since the big break yesterday, wide zone, both support and resistance tested, I might look to short against 1.42 for a scalp, or most probably look elsewhere today....good luck to you chaps....
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Look Sharp/Trade Tight
I too am curious as to which style prevails. But the more I think about it, the sample size is too small. Not to mention the other variables involved. It seems the best style to follow is the one that makes you money. After all that's what its all about. Personally I change it up, as of late, I'm in scalp mode. I don't, and will never understand why so many people here on FF insist on believing their style, or method is correct and the other guys is wrong.
Look Sharp/Trade Tight
lol, nice, now we see some action eh?
Look Sharp/Trade Tight
Quoting PayTheLimit
I too am curious as to which style prevails. But the more I think about it, the sample size is too small. Not to mention the other variables involved. It seems the best style to follow is the one that makes you money. After all that's what its all about. Personally I change it up, as of late, I'm in scalp mode. I don't, and will never understand why so many people here on FF insist on believing their style, or method is correct and the other guys is wrong.
Hey PTL, good to see you. I don't think there's a right or wrong strategy either. And I agree, changing it up is key. This challenge was more or less started because neither of us believed the other was a consistent trader. The strategy is secondary.
check out my blog: forexmademillionaire dot com
Quoting Geppy
{quote} Hey PTL, good to see you. I don't think there's a right or wrong strategy either. And I agree, changing it up is key. This challenge was more or less started because neither of us believed the other was a consistent trader. The strategy is secondary.
understood...
Look Sharp/Trade Tight
dude, don't let her get away from you, its not worth it, frankie might try to run the stops in cable
Look Sharp/Trade Tight
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