Geppy vs. GJscalper - a duel to the death! | Page 30 | Forex Factory

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Geppy vs. GJscalper - a duel to the death!

  • #581
  • Jul 19, 2016 9:38pm Jul 19, 2016 9:38pm
Quoting GJscalper
{quote} *Sighs* You have no idea how difficult it is for me to not insult you right now from not knowing what expected R:R vs REAL R:R is. Especially considering the fact that I already explained it. However, since I am here to help, I will explain once more. Get your notepads and please turn off your Pokemon Go as that is distracting you. Now the EXPECTED r:r is what we see typically on websites when people refer to what their SL in pips is compared to TP in pips. So say a person is about to enter a GBP/JPY short. The R:R (RISK:REWARD) would be...
THAT is some serious accuracy, usually im about 6 pips to 10 pips before it goes my way, then I get out too early, but also, not to be greedy so if the profit stalls or reverses I get out.
  • #582
  • Jul 19, 2016 9:42pm Jul 19, 2016 9:42pm
GJScalper, what is your average return monthly trading the way you do? Curious where you picked up your current strategy. You must have nerves of steel to trade this way! Nice work
“The most valuable commodity I know of is information”
  • #583
  • Jul 19, 2016 10:12pm Jul 19, 2016 10:12pm
Quoting GJscalper
{quote} hate hate hate hate hate hate hate. I swear that is how I feel about all the people asking stupid questions and having the nerve to critize me when they don't have a TE or even have basic knownledge of what drawdown in pips is. hate hate hate hate hate hate
hence why I call this comedy (+spelling )
  • #584
  • Jul 20, 2016 12:43am Jul 20, 2016 12:43am
This is going to be super awkward for Geppy if he loses lol.
  • #585
  • Jul 20, 2016 12:55am Jul 20, 2016 12:55am
Too much crap to go back and read to check if this has been mentioned, probably has, but a lot of GBP news out in half hour. Risky to have trades on when it's luck of the Irish which way it will go. So whatever happens in next hour 50-50 luck.
  • #586
  • Jul 20, 2016 1:39am Jul 20, 2016 1:39am
My hope for this thread is that they become friends with a newfound respect for one another and both make a ton of money!
Both strategies are capable of being profitable.

I employ both.
I look for swing trades to last for hours to days on the majors while scalping in between on crosses.

As pointed out time and time again, it's all about the money management.
Eat your stops like big boys and let the profits run.
You can lose your shirt if your buttons are loose.
  • #587
  • Jul 20, 2016 1:40am Jul 20, 2016 1:40am
GJscalper , you must care when do this type of trade , 1 mistake can kill account .
Attached Image (click to enlarge)
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Exits == most important part of your strategy
  • #588
  • Jul 20, 2016 1:51am Jul 20, 2016 1:51am
Quoting edmun1388
GJscalper , you must care when do this type of trade , 1 mistake can kill account . {image}
One mistake can kill account YES, but as mentioned prior my stop losses on avg are less than 10 pips when using those types of lot sizes. Risking 60 usd to earned 60usd was the goal there. However ICmarkets lagged me out pretty bad, which is why I didn't get the close at the price I wanted while trail stopping that buy, and as you can see once again, that order to buy ended up being a very nice accurate entry. I never was more than 10 pips in red on that same wager.
@GJscalper I've turned a new leaf. No more trolling.
  • #589
  • Jul 20, 2016 1:51am Jul 20, 2016 1:51am
Man GJ is pumping big time at the moment.
@GJscalper I've turned a new leaf. No more trolling.
  • #590
  • Jul 20, 2016 1:57am Jul 20, 2016 1:57am
Quoting GJscalper
{quote} One mistake can kill account YES, but as mentioned prior my stop losses on avg are less than 10 pips when using those types of lot sizes. Risking 60 usd to earned 60usd was the goal there. However ICmarkets lagged me out pretty bad, which is why I didn't get the close at the price I wanted while trail stopping that buy, and as you can see once again, that order to buy ended up being a very nice accurate entry. I never was more than 10 pips in red on that same wager.
ok, make sure put stop loss , God cant save you without stop loss.
Exits == most important part of your strategy
  • #591
  • Jul 20, 2016 2:08am Jul 20, 2016 2:08am
Days like Monday (When GJ was flat) and days like today, when the market has spiked back up is what makes swing trading so hard. Although the payout of getting a swing trade correct is huge, the fact is a flat market or guessing the wrong direction and even more so on a pair like GBP/JPY is what can cause a minus 40-60% in one sitting.
Honestly I would rather have Geppy and I have these accounts last for 12 months, but GJ is a beast and she can go against you 300 pips in no time, and with scalping your position, you make it that much easier for the market to hammer you. Of course most people wait out runs like this, as MOST times the price will "correct" but beliving in "correction" when you don't have a clear rule of money management will result in massive drawdowns which can almost never be recovered as quickly as they were lost.

If GJ makes a power move here to the daily r1 (140.620) I would reckon that Geppy will add on to his sell of GJ but closing it will not be an option. I am simply assuming here, but this is why as a scalper I aim for accuracy as moments like this leaves one feeling hopeless.
@GJscalper I've turned a new leaf. No more trolling.
  • #592
  • Jul 20, 2016 2:12am Jul 20, 2016 2:12am
Quoting Tman72
{quote} THAT is some serious accuracy, usually im about 6 pips to 10 pips before it goes my way, then I get out too early, but also, not to be greedy so if the profit stalls or reverses I get out.

Correct that type of accuracy is insane and when I assume that a formation will give me an accurate entry, that is when I take those wagers which are .5 - 2% of my account per pip. Which is why it goes back to money and risk management and it took me to be questions by someone to have to explain it clearly for someone to understand it.

Many people just look at the closed trades and say "Whoa you risked so much..... etc" but they don't look at the accuracy of the entry nor do they even know that the stop loss on those same orders are less than 10 pips to begin with.
@GJscalper I've turned a new leaf. No more trolling.
  • #593
  • Jul 20, 2016 2:16am Jul 20, 2016 2:16am
Quoting ClipperFX
GJScalper, what is your average return monthly trading the way you do? Curious where you picked up your current strategy. You must have nerves of steel to trade this way! Nice work
Well as my signature says I am for 3% a day. Trading for me is nothing more than a hobby and I don't have 10k or more to wager in forex, although I have withdrawn those amounts starting off with small amounts, many times in the past. I think that having an EA makes it very easy to trade the manner in which I trade, as the hardest part of trading (money management) is already tied into it. So no matter what (assuming i don't lose signal with the server, or some crazy manipulation from the broker) is the only thing that will allow my account to run past the programmed sl. I stay away from high impact news and trading with "bias" as "bias" isn't what this system is based upon. Say GJ goes up 800 pips in one day, I would never sell because i think it can't keep going up.
@GJscalper I've turned a new leaf. No more trolling.
  • #594
  • Jul 20, 2016 2:18am Jul 20, 2016 2:18am
Quoting GJscalper
{quote} One mistake can kill account YES, but as mentioned prior my stop losses on avg are less than 10 pips when using those types of lot sizes. Risking 60 usd to earned 60usd was the goal there. However ICmarkets lagged me out pretty bad, which is why I didn't get the close at the price I wanted while trail stopping that buy, and as you can see once again, that order to buy ended up being a very nice accurate entry. I never was more than 10 pips in red on that same wager.
hard for me not to touch SL GJ for 10 pips, the spread itself for my broker is already 7 pips... lol
making money is easy in forex, losing money is even easier...
  • #595
  • Jul 20, 2016 2:19am Jul 20, 2016 2:19am
Attached Image


This is the current setup which my system has given me. I am now in a scalp sell of GJ in which my tp is 139.32
Sl is a close at or above 140.202 in which I will close the sell and reverse to the buy for a lot size of .04 lots. Should I reverse the order, the tp for the long would be at 140.62 which happens to line up perfectly with the dail y r1

Should the stop loss for this .01 order hit, I would only lose .3% of my total account
@GJscalper I've turned a new leaf. No more trolling.
  • #596
  • Jul 20, 2016 2:20am Jul 20, 2016 2:20am
Quoting gugun555
{quote} hard for me not to touch SL GJ for 10 pips, the spread itself for my broker is already 7 pips... lol
Sad I guess. My broker for GJ is 1.5 pips and the beauty about trade explorer is that you can see where my trade was and how many pips was my drawdown.
@GJscalper I've turned a new leaf. No more trolling.
  • #597
  • Jul 20, 2016 2:27am Jul 20, 2016 2:27am
Quoting Scooby
My hope for this thread is that they become friends with a newfound respect for one another and both make a ton of money! Both strategies are capable of being profitable. I employ both. I look for swing trades to last for hours to days on the majors while scalping in between on crosses. As pointed out time and time again, it's all about the money management. Eat your stops like big boys and let the profits run.

Bruh, you lame AF
  • #598
  • Jul 20, 2016 2:29am Jul 20, 2016 2:29am
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You can now see I am long, and now .04 and at this moment I have already covered the loss of the .01 order.

I would love to see this rally to the daily r1
@GJscalper I've turned a new leaf. No more trolling.
  • #599
  • Jul 20, 2016 2:36am Jul 20, 2016 2:36am
Attached Image (click to enlarge)
Click to Enlarge Name: yeahhhhhhhhh.PNG Size: 273 KB


A run right to the TP Covered loss by over 3x Now I wait for recalculation from EA.
@GJscalper I've turned a new leaf. No more trolling.
  • #600
  • Jul 20, 2016 2:52am Jul 20, 2016 2:52am
Attached Image


If GJ can drop to 140.391 on 1m and close there or lower BEFORE going up to the 140.825 then GJ will be a massive scalp short! Yet I don't think it will be able to pull that type of run here. Yet, what I think doesn't have baring at all on what the market will do! So let us see.
@GJscalper I've turned a new leaf. No more trolling.
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