Geppy vs. GJscalper - a duel to the death! | Page 48 | Forex Factory

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Geppy vs. GJscalper - a duel to the death!

  • #941
  • Jul 22, 2016 4:06am Jul 22, 2016 4:06am
OK, all. I'm off to bed. Hopefully GJscalper is taking the rest of the week off and getting drunk somewhere. He should use the weekend to recalibrate, get his head straight, and see if he can start grinding it back.

Geppy, You are a great analyst; but looking at your Wk1 balance, I am sure you are not too happy either with your judgement (either on entry/exit positions). Unless Friday brings you back to the starting point of your initial investment ($5K), you too are in red. A lot to learn even when we are seasoned traders. It has been a tough week with lots of choppy sessions. No one is a winner until one of you establishes a clear green zone within your expertise. Wishing you the best.
  • #942
  • Jul 22, 2016 4:13am Jul 22, 2016 4:13am
Both earn my respect for the different styles in trading, technical and fundamental, well, we just cant get enough of the market sentiment and the market makers, they know what we are doing and thinking based upon charts.
this is a real life encounter for all the talks and walks in opinion and advisory, that is nothing wrong in loses , it provides a lesson to be learned, I have burn-out and faces 80% loses too, perhaps it was the euphoria in winnings that got the bias to continue the winning ratios in mind, suppressing the losing % at a constant.

[quote=MrsTrader;9043555]{quote} This made me LOL in office![/q​
  • #943
  • Jul 22, 2016 4:22am Jul 22, 2016 4:22am
Martingale is not the problem here. As already stated, Gscalper already used it in the TE history for a loss of 8.3%. So can't see any money mangement issue. SL was clearly missing and it may be due to a mechanical or psychological​ error. That's a lesson for all of us. It teaches us as well the virtue of humility vs arrogance.
  • #944
  • Jul 22, 2016 4:30am Jul 22, 2016 4:30am
Quoting edmun1388
{quote} I already give warning .
Edmun is a much better scalper in my opinion
  • #945
  • Jul 22, 2016 4:57am Jul 22, 2016 4:57am
It seems many people here are great at criticizing and giving advice, I am sure they all had a great trading performance this week...
  • #946
  • Jul 22, 2016 5:13am Jul 22, 2016 5:13am
Even the best scalper in the world should not scalp on Friday. GJ just got hit hard. Now both are back to square. Interesting week to start the duel.
  • #947
  • Jul 22, 2016 5:15am Jul 22, 2016 5:15am
Hence the original $10 offer I guess...

But since there are no emotions attached with MM, I guess everything would still be A-ok, even if 70% of $150,000 had just gone up in smoke...
Come with me if you want to live....
  • #948
  • Jul 22, 2016 5:17am Jul 22, 2016 5:17am
Martingale is not scalping at all
atheer1
  • #949
  • Jul 22, 2016 5:22am Jul 22, 2016 5:22am
Quoting Ill-b-back
Hence the original $10 offer I guess... But since there are no emotions attached with MM, I guess everything would still be A-ok, even if 70% of $150,000 had just gone up in smoke...
  • #950
  • Jul 22, 2016 5:22am Jul 22, 2016 5:22am
Quoting rythmrig
I reckon invert the challenge and see who can smoke the account the quickest !!!
GJ might actually be the 'winner' according to this. Hope he recovers after this big plunge. Nice weekends y'all.
  • #951
  • Jul 22, 2016 5:32am Jul 22, 2016 5:32am
Quoting fxtrader18
{quote}
even on a scalpers 1m chart the pounds PA demise/retest was obvious

anyway, it's been fun, not to make toooo big - a - thing of it..
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Come with me if you want to live....
  • #952
  • Jul 22, 2016 5:54am Jul 22, 2016 5:54am
Quoting darko2010
It seems many people here are great at criticizing and giving advice, I am sure they all had a great trading performance this week...
My point to Geppy was that "we cannot decide the winner based on who is the least loser" in this dual? No doubts Geppy is fantastic on technical analysis;but he had a better over GJ Scalper due to the 'latter's" arrogance on the level of investment on the very 1st day of the dual. One bad entry / judgement will get you out of the market with such a low level capital. This was exactly what we all witnessed with GJ Scalper's decision in the initial stages.

If Geppy needs more followers, he must take his account to "green" as soon as possible. He has the expertise and I am sure we are going to see that soon. The show must go on irrespective of whether GJ scalper makes a come back, and as far as I am concerned, no one is a winner yet in this dual. I don't expect everyone to agree with my opinion either.
  • #953
  • Jul 22, 2016 5:57am Jul 22, 2016 5:57am
Scalping is not the problem the problem comes from having let it go 74 pips in the red especially on a 1 min chart. He still has funds left though so I am sure we will see him back. I give both of the traders credit though for putting their trades out there. Neither one of them have done too well this week so neither can gloat about the other but I do not think I could trade either with everyone watching every move, they should be applauded for that if nothing else.
Success means going from failure to failure without loss of enthusiasm
  • #954
  • Jul 22, 2016 5:57am Jul 22, 2016 5:57am
Quoting Ill-b-back
Hence the original $10 offer I guess... But since there are no emotions attached with MM, I guess everything would still be A-ok, even if 70% of $150,000 had just gone up in smoke...

Thank you! Don't know how many times I said this in the beginning. Only equitable way to compare a trader's whole arsenal/trading skills to another is to have the same amount of scratch on the line. GJ wasn't able or willing to pony up $5k to start this little challenge and I think we can all see why...
  • #955
  • Jul 22, 2016 5:58am Jul 22, 2016 5:58am
He said he had a virus BEFORE the fact, so it's possible that his PC got hacked again.. another 2+2 is that the last time he posted was 8 hours ago... may indicate problems with his pc.
  • #956
  • Jul 22, 2016 6:19am Jul 22, 2016 6:19am
Trading in the open, coupled with the aim of beating the other trader, can never be easy. These two traders are good traders in my opinion. But the pressure to prove a point is just too much. I would not be surprised if at least one of them blows up his account, and that is what will save the other. Guys you set yourselves 12 months but you are trading like you have one week.

Cool down, take it slow, and you will do just fine
  • #957
  • Jul 22, 2016 6:27am Jul 22, 2016 6:27am
I agree, trading in front of others is kinda like peeing in front of others, difficult at best...
Look Sharp/Trade Tight
  • #958
  • Jul 22, 2016 6:28am Jul 22, 2016 6:28am
Quoting HeyYou
He said he had a virus BEFORE the fact, so it's possible that his PC got hacked again.. another 2+2 is that the last time he posted was 8 hours ago... may indicate problems with his pc.
its not because of the virus, how come a trader like him let significant position open without tight SL for like 50 mins?
he just got distracted, he used to put tight SL in all his position. and the martingale multiplier is a bit high, from 0.001 lot to 1 lot ??? that is 100x multiplier, i think he improvised too much.
making money is easy in forex, losing money is even easier...
  • #959
  • Jul 22, 2016 6:28am Jul 22, 2016 6:28am
The definition of The Scalper for GJscalper is wrong term Guys. Scalpers like to try and scalp between five and 10 pips from each trade they make and to repeat this process over and over throughout the day. GJscalper is not a scalper at all. I had an experience as a Scalper and had driven an EA from past using their "robot language logic" and have some success but in the end the EA stop to works. Nothing new under the same Sun, that U must know what your system weakness and try to find the solution before too long. And until now, the solution for martingale is still the same when prices driven against U. Cut Loss!!!
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  • #960
  • Jul 22, 2016 6:32am Jul 22, 2016 6:32am
Quoting Geppy
{quote} ...The FF community is here to teach and to learn. Mostly learn, because there are few that can teach. GJscalper stil needs to learn, and I think the FF community would be willing to embrace him if he decided to eat some humble pie.
Could not agree more! Well said Bud!
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