Geppy vs. GJscalper - a duel to the death!

Alright, all. Enjoy the weekend.

For those real traders in here, rest up and take a mental break. Next week is full of new opportunities and profit potential.

This means your EA is a lot better trader than you are. Never ever leave it off again, unless you want to lose some money...

I see that very little i have to do. Trading my conservative trend lines only. Small daily returns. 5-10-15 bucks would be absolutely enough to fight at least for the second place. Finishing second is not bad, at all.

Next week it is likely the recovery effort of GJS to kill him, because he just can't control himself. If I am his money manager, the way I am a money manager in the company we built with my brother, GJS would do very well, cause obviously he has some talents, but he is in lack of basic 3-4 grade math skills. All that will turn him into a loser, eventually. That is why my chances for the second place in this competition increase substaintially.

Geppy have said that everyone who dares to challenge him would get smoked by him. I am not really sure about that. The next less than 12 months will show everybody up what kind of smokes and smells the competitors will release or breathe...

Anyway. US market has just closed guys, so you all have a wonderful weekend. We'll be back at it next week!

Ups Sorry Bro! I mean nearly $1100. The humble pie is the expensive one.

I just read in post #1 its suppose to be a 1yr challenge but this looks like an out n out sprint that left both traders in the red -21% and -69% after a few days trading.

Nobody will survive this challenge at this rate. Is this the way both you guys, swing trader and scalper trade for real? Why the haste?

Anyhow, both you guys deserve fullest respect to slug it out in public, thumbs up to both man whatever the result may be.

Sh*t happens. Suck it up and move on. Nothing you can do about it. In fact, I would recommend not spending a whole bunch of time beating yourself up for this mistake. Spend too much time on it and it can lead to "analysis paralysis" where you start to over analyze your trading decisions to the point you hesitate (or even worse freeze) on making a decision.

You have a system, so trade it. Sunday night get in front of the computer and start trading like you just opened a 200 dollar account.

I acutally placed a pending sell, which was the 1.00 that got hit, the price alert was to alert me there and at SL level. I didn't hear either. You can see I was here posting about 2 hours prior to entering that 1.00 and was fading in and out but being i had a small order .01 i was ok with it being open as I waited for 7:00 server time to come around as that is when the movement gets good. And to think pending orders is something i never use. The only reason why I decided to turn off the EA is because I don't like the EA trading if I can't baby sit it. I just like to watch the market as the EA runs, but last night it turned out to be a horrible decision.

Thanks forthe advice and it is the first time that it has happened only for me to recover it. Nothing has changed and it isn't like my system is wrong. As I said I am looking forward to marching this account back to 1k and hopefully never having that happen again. Think about it. What should have only been a 80usd loss turned into 700 usd. lol By far the funniest thing ever, and holding onto losers is not my thing as I want my last order to lose in order to reverse it.

Swing trader -114 trades, scalper - 49 trades after 5trading days.

Am I missing something? Change in rules?


Now MoneyZilla is in the challenge, a 3way now. Definitely things have changed after 5days. You guys have 360 days to stay afloat anyway, its not next week or month but 360 days.

depends.. however what if seen thusfar.. the contestants arent willling to miss any setup the market throws at them.. even if they are asleep..

now..

if i scalp a market and at this case Gbp/Jpy , i would prepare for the next day ...and if there is a wildboar in my crosshair i would pull the trigger and only if iam
the one looking thru the scope.. not a machine... and if there isnt i wont pull the trigger.. and call it a day...


vice versa.. same for swing trading.. either there is a setup worthwhile taking or there isnt...

simple as that.. but those two are constantly participating in the markets... not that this is a bad approach.. (equity millipede , tsunami, etc)
but that is a different approach alltogether... till then the black swan strikes..

My pending just hit too

it seems like 12 month show will be over in 12 days

unless, scalper pull himself by his his boot straps

Speaking of weekend...... With the less than stellar week you just endured partially because of a crazy price spike at market open Sunday night why would you leave 6 barely profitable (if you combine them all) trades on with no stop over the weekend? I thought maybe the TE just hadn't updated yet but it has. It may just be I don't fully understand your trading style but it would seem to me at least that starting fresh with no risk through the weekend would be the best plan.

I almost always hold positions over the weekend unless there's some obvious event risk.

Last weekend I was anticipating that the situation in Turkey would get worse before the market opened, knowing that it could be resolved and we see a bounce. That didn't work out, and it was an extraordinary situation with clear event risk. Usually that's not the case.

I'm more focused on the longer term picture, not short term trades. So I'm not concerned about closing out trades every weekend like most here.

Your assumption regarding having stop losses is completely false. I do have them in place, it's just not visible to you. Hope that helps clear things up for you, but not sure why you're so concerned about what I'm doing.

Are you ever going to trade that $5,000 account?

I was just asking. Usually when you have a stop in place, it may not show where it is placed but it will show a locked icon under the stop column. It does the same thing when you place a TP. Like this one I got off of the trades page:



As far as event risk, how about 2 days of G-20. The first after Brexit. Could be interesting. Could go heavily in your favor. All it would take is someone saying something about a recession for GBP or something like that and boom you will have a great start to the week.

And, yes I will trade that 5000 account... that account is insignificant to me. I had a friend getting ready to open his first retail store and it had multiple electrical issues. He was in a bit of a panic since he opens Saturday morning and the people he is renting from claimed they couldn't get to it until late next week. In my former life I was an electrician so I offered to help..... in a store with no working air conditioning..... in Georgia.... during the summer..... yeah I know the heat has damaged my brain. LOL!

That's the attitude , keep going bro

I have TP's and SL's set to "me only". I know there are multiple options so not sure which shows the lock.

Anyway, yes in terms of any event risk I don't see there being anything that skews to a higher GBP/JPY, I guess I wasn't clear there.

my comment as a supporter for both the fighters.

first of all ,congrats for your courage to be accountable and reliable. whatever the fight for i see this is highly respect.

from the side of trading ( the supporters tends to feel better or smarter then the players) :

Geppy was trading a bit far for his style. some profit didnt taken and some close in red when switch from sell to buy and vice versa. thats why he have more entry in switching direction. mean the market not favor to his style. if only he keep the short from the first day i know he will be in huge profit right now.

GJS was a good scalp , that may be his expertise in trading. he seem know how and when to entry and take profit. he has a daily target and stick with it. that is why he have less entry. the ony problem that i see are money management . if only he keep the short for last day with a good money management he will be in huge profit too.

that is all i have learning and all the best for both fighter and all of us.

different people and different way. so, both must be respected in him way.

Hello Hello all fellow traders and specially to the competitors, sad to see was a rough friday for both, but it's trading and it happens...

I have been mostly on the side lines reading and trying to learn from this thread, unfortunately so far only GJS was brave and courage enough to share even that he only shares a little bit of the system at least we know what he looks for, what is the basic aspects of his trading system target and SL ETC, I understand he has an EA to do the things for him but that trading style can be also done manually so who ever likes it can study him, the secret there is where to place exactly the fibs and how to recalculate them, but for that you have to use your brain and figure that out cause I'm certain he wont reveal that to no one.

Geppy on the other half of the challenge we know nothing about what he searchs for, what are the targets ( even after he stated in the rules, all will be open no hidding anything, and he hides target and SL) not that this is important whatsoever, but I think he could eventually post some charts some analisys since he as claimed he wants this thread to evolve into a learning and case study thread, and I agree with him I think his idea is perfect, making this a learning and case study thread but for that they have to contribute, and so far only GJS is doing so...

Now....

@ GJS - Amazing acuracy, on most of his trades, he really has the special eye to see were to place his fibs, where the action will happen and because he has no bias he trades short or long because thats the rules of his system he trades one direction if he is right bang TP done in and out if he is wrong then he reverses and has we all know if it doesnt go up it goes down ( or vice versa), now just my personal opinion and this is not a criticism cause I am nobody to criticise, but my opinion is that you GJS use the martingale multiplier very agressive , going from 0.01 to 0.1 then 0.6/1 lot it's a bit risky but if well calculated and using your money managment then the max loss you can have its arounf 18/20% and if you are confortable with it then all good, again in my opinion you could use a smaller multiplier and dont expose yourself so much like a 0.01 to a 0.04 to a 0.1, and if needed a rescue 4th trade of a 0.25/0.3lot, since has your friend sosa said you guys never lost so far in a 4th trade scenario. but again no critique here just my opinion and as such it's worth what it's worth...

@Geppy - man ohh man, you are a swing trader that scales in and out, hence I understand why you may have so many trades, but chasing the trend ? chasing the swing?? it's not good brother and honestly thats what you have been doing, ok ok I know you already admitted that this week was not good, but jesus you ran after the trend and you were literally always late, only once I saw you going green and even so you didn't cash out where you should of cashed out anyways who am I to teach any of you anything I am again just giving my opinion here, I also think you should also participate and stimulate the idea of turning this competition into a competition/learning thread where all people can learn from it including you both, by sharing the analisys charing some charts, but again it's just an idea...

It was a very bad ending for this week but nothing is lost and there's much more trading coming and much more challenges to surpass, hopefully this will last until the 12months period.
so best of luck I wish you both to end up green or at least BE by the end of the upcoming week.

PS - just a simple word to this new challenger, that feel from the sky, like a #Godofforex I just really hope he wont come and ruin all this with his negative and bad atitude. In my opinion he shouldnt be allowed to enter because it's an unprecedented exception (some already asked before and were denied entry) and probably more people will like to force their way in, but if he enter the competotion,we have to notice by entering just on the 1st of august he already dodge a very dangerous trading week that made damage already in the 2 participants, so it's no were fair he entering an competition with 2/3 weeks late entry anyways it's not up to me to decide.

Peace.

PSS - I know I don't yet have a real TE and my demo TE means nothing so I removed it to private, but I as said before for now I can't have a real account, as soon as I can I will load a very small 200$ account and will try not to blow the damn thing , but I do believe that if you trade in demo with a serious atitude and if you treat it as much serious as you can you may develop some skills to be tested when you go live, until then best of luck to all real traders out there I envy you for being able to fill a real account and trade it bad or good, you are learning already more then I do, dealing with the emotions of winning or losing your hard earned money ... so see you guys soon.

again best of luck for you all