Geppy vs. GJscalper - a duel to the death! | Page 71 | Forex Factory

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Geppy vs. GJscalper - a duel to the death!

  • #1,401
  • Jul 26, 2016 3:34pm Jul 26, 2016 3:34pm
Quoting penci
{quote} This round up & summary of all your positions is very transparent and I like it a lot. Whether I agree of disagree is totally irrelevant but this sort of round up is very helpful for new traders like me & your opinion as an experienced trader helps me a lot. Keep up the good work, grass for climbing out of the well this week btw! Im doing the same currently; good make up this week correcting the losses made last week from impatience & over leveraging -- Anyway, enjoy the week ahead & good luck Geppy.
Thanks, penci. I'm glad you find it valuable and glad you mentioned it... I just wrapped up today's roundup:

http://www.forexmademillionaire.com/...undup-7262016/
check out my blog: forexmademillionaire dot com
  • #1,402
  • Jul 26, 2016 4:16pm Jul 26, 2016 4:16pm
Love this Geppy! More trading/thinking/analyzing, and less drama! Definitely raising the quality of this thread thanks!


Quoting Geppy
Hey all, staying mostly quiet/away here because I just don't like all the negativity. I like to work on my counter-trend/scalping game a bit when I can since that's the weak part of my game. My GBP/JPY and USD/JPY trades are both scalps and doing OK. The GBP/JPY stop loss is at break even and the USD/JPY stop is at -7 pips. So I have little to lose on these trades now. My USD/CAD is a long term swing position I hope has a lot of potential. The EUR/USD shorts are just to test the waters and maybe be somewhere between a scalp and a swing trade (couple...
  • #1,403
  • Jul 26, 2016 4:18pm Jul 26, 2016 4:18pm
Quoting FSUtrader
-89.7% return sounds like you personally should have a fear of failure.. A terrible trader spouting philosophical nonsense in broken english is just what this thread was missing
Better chance using this martingale system at the casino to double the puny account . Maybe few more ideas for the forex martingale gambling system.

https://www.system-martingale.com
  • #1,404
  • Jul 26, 2016 4:46pm Jul 26, 2016 4:46pm
I think this competition has badly effected the trades of both of you. At least i can't believe the equity curve, you both have currently. It does not reflect the real potential you both have. Emotions seem to be affecting the trading decisions of both. I suggest to please call a draw of this match now. Otherwise, both of you are not gonna be beneficial of it.

Wish you both guys , a nice trading week ahead.
Forex; the game of movements not the game of candles.
  • #1,405
  • Jul 26, 2016 4:53pm Jul 26, 2016 4:53pm
Geppy's worst trade loss was 3%, with win rate close to 50%, and average winning trade is greater than average losing trade. Seems okay so far imo...
  • #1,406
  • Jul 26, 2016 5:15pm Jul 26, 2016 5:15pm
Quoting Pip-Miner
{quote} Better chance using this martingale system at the casino to double the puny account . Maybe few more ideas for the forex martingale gambling system. https://www.system-martingale.com
Here you go: http://lp.mt4programming.com/marting...FZSIfgodI7sPgQ
check out my blog: forexmademillionaire dot com
  • #1,407
  • Jul 26, 2016 5:16pm Jul 26, 2016 5:16pm
Quoting MrsTrader
Love this Geppy! More trading/thinking/analyzing, and less drama! Definitely raising the quality of this thread thanks! {quote}
check out my blog: forexmademillionaire dot com
  • #1,408
  • Jul 26, 2016 5:17pm Jul 26, 2016 5:17pm
I'm glad so many people STILL have "suggestions" for GJS and I.

Here's my suggestion: Keep them to yourself.
check out my blog: forexmademillionaire dot com
  • #1,409
  • Jul 26, 2016 6:34pm Jul 26, 2016 6:34pm
Quoting Geppy
My GBP/JPY and USD/JPY trades are both scalps and doing OK. The GBP/JPY stop loss is at break even and the USD/JPY stop is at -7 pips. So I have little to lose on these trades now.
GBP/JPY stop now at +18 and USD/JPY at +7 -- can't lose, just the way I like it.
check out my blog: forexmademillionaire dot com
  • #1,410
  • Jul 26, 2016 7:15pm Jul 26, 2016 7:15pm
Quoting Geppy
{quote} GBP/JPY stop now at +18 and USD/JPY at +7 -- can't lose, just the way I like it.
when are you thinking shorting gj , thinking 139 as looks like a u is underway. lets see what price does
  • #1,411
  • Jul 26, 2016 8:21pm Jul 26, 2016 8:21pm
Quoting Pip-Miner
{quote} when are you thinking shorting gj , thinking 139 as looks like a u is underway. lets see what price does
Plan was originally outlined here as I do each day: http://www.forexmademillionaire.com/...undup-7262016/

We could run higher, but I'm prepared for that. I like the technical picture here a lot.

Fundamentally, I think the Fed leans hawkish tomorrow. USD rallies, equities kick and scream, USD/JPY falls on risk-off, GBP/JPY shorts win both ways.

Maybe wishful thinking, but...
check out my blog: forexmademillionaire dot com
  • #1,412
  • Jul 26, 2016 8:28pm Jul 26, 2016 8:28pm
I give you credit Geppy for staying in during FOMC. Are you going to tighten the stops in case it turns out dovish?
“The most valuable commodity I know of is information”
  • #1,413
  • Jul 26, 2016 8:34pm Jul 26, 2016 8:34pm
Quoting ClipperFX
I give you credit Geppy for staying in during FOMC. Are you going to tighten the stops in case it turns out dovish?
I define my risk for each trade based on my technicals... not sure why I'd adjust my stops and veer from my trade plan.
check out my blog: forexmademillionaire dot com
  • #1,414
  • Jul 26, 2016 8:44pm Jul 26, 2016 8:44pm
I do know some traders that tighten their stops, just due to the extreme volatility that an event like this can bring. I just prefer to stay out as I tend to make stupid mistakes when the market isn't acting normal.
“The most valuable commodity I know of is information”
  • #1,415
  • Jul 26, 2016 9:00pm Jul 26, 2016 9:00pm
Quoting Geppy
I'm glad so many people STILL have "suggestions" for GJS and I. Here's my suggestion: Keep them to yourself.
LMAO... I couldn't of said it better myself. People with there stupid arse suggestions is what really makes this thread fun.
@GJscalper I've turned a new leaf. No more trolling.
  • #1,416
  • Jul 26, 2016 9:01pm Jul 26, 2016 9:01pm
Quoting ClipperFX
I do know some traders that tighten their stops, just due to the extreme volatility that an event like this can bring. I just prefer to stay out as I tend to make stupid mistakes when the market isn't acting normal.
Regardless of conditions, my stop loss is determined by technical levels. If anything, tightening my stop would do me a disservice. My expectation is that I will lose every trade I enter. So I have no problem taking my losses. It's part of the game. If I'm tightening my stop lose I'm no longer sticking to my plan. It's doubly foolish to tighten when expecting volatility. Why wouldn't you stick to your trade plan and allow your trade the room it needs to breathe?

Also, there's a difference between trading an event and holding trades through an event.

I traded Brexit (quite well I may add), but that was far different than a simple FOMC statement. Regardless, I don't see how the Fed can't be hawkish tomorrow. We'll see if I'm right or not. But really, it doesn't matter.
check out my blog: forexmademillionaire dot com
  • #1,417
  • Jul 26, 2016 9:01pm Jul 26, 2016 9:01pm
Quoting benaiah
Geppy's worst trade loss was 3%, with win rate close to 50%, and average winning trade is greater than average losing trade. Seems okay so far imo...
Worst closed trade compared to floating loss is two totally different things. You may want to look deeper into the stats.
@GJscalper I've turned a new leaf. No more trolling.
  • #1,418
  • Jul 26, 2016 9:03pm Jul 26, 2016 9:03pm
Quoting ClipperFX
I do know some traders that tighten their stops, just due to the extreme volatility that an event like this can bring. I just prefer to stay out as I tend to make stupid mistakes when the market isn't acting normal.
Hey bud how is it going? I am not sure why it surprises you that Geppy is going to take a positon prior to FOMC.... I mean he does hold positions over night and over the weekend.
@GJscalper I've turned a new leaf. No more trolling.
  • #1,419
  • Jul 26, 2016 9:12pm Jul 26, 2016 9:12pm
Hey GJ, doing well. I just think it's interesting to hold some relatively strong positions through FOMC. If his analysis is purely technical, then it is based on normal market moves. FOMC is anything but normal and can cause severe spikes and massive losses. If he is right though, he's going to be sitting pretty with his account at End of NY.
“The most valuable commodity I know of is information”
  • #1,420
  • Jul 26, 2016 9:16pm Jul 26, 2016 9:16pm
Quoting ClipperFX
Hey GJ, doing well. I just think it's interesting to hold some relatively strong positions through FOMC. If his analysis is purely technical, then it is based on normal market moves. FOMC is anything but normal and can cause severe spikes and massive losses. If he is right though, he's going to be sitting pretty with his account at End of NY.
Yup.... The word "IF" is key here. Yet, the price action expected during High impact news trumps everything. Then again, he isn't highly exposed to the market, so if the trade goes against him, he won't be in a big hole. He is trading near break even so if with a win, it won't send his account through the roof. I for one don't trade high impact news, as I leave that to the Lotto players who believe they can predict news and even if they are able to "guess" correctly, price action can shift against what the market "should" do.

Anyway I was looking forward to talking forex before FOMC, so hopefully those who have question can ask away.
@GJscalper I've turned a new leaf. No more trolling.
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