Geppy vs. GJscalper - a duel to the death! | Page 133 | Forex Factory

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Geppy vs. GJscalper - a duel to the death!

  • #2,641
  • Aug 5, 2016 9:07am Aug 5, 2016 9:07am
Quoting Ill-b-back
I find it fascinating how 1 traders Forex BET based on technical analysis is referred to as "Trading", while another traders Forex BET based on Fundamental analysis is referred to as "Gambling". The hypocrisy is astounding...
If the forex bet is not exposed to possible 'black swan' type catastrophe most folks may have kept open positions into news release.
  • #2,642
  • Aug 5, 2016 9:08am Aug 5, 2016 9:08am
Quoting Ill-b-back
I find it fascinating how 1 traders Forex BET based on technical analysis is referred to as "Trading", while another traders Forex BET based on Fundamental analysis is referred to as "Gambling". The hypocrisy is astounding...
Most people say gambling because of the 20% drawdown... Which could have been worse. What people don't get is that losing 0.5% a day for 40 days is worse. Everyone trades based on their comfort level.
Trade in the now
  • #2,643
  • Aug 5, 2016 9:12am Aug 5, 2016 9:12am
Quoting Geppy
{quote} Don't try to talk any sense into anyone on this thread, bud. This one attracts the haters, trolls, and those looking for something to criticize. Come join us over here if you're looking for logic, intelligence, and overall good analysis.
Hi Geppy, I will pop over and have a look thx for the invite. I really only try to trade GU though so not sure I would contribute much.
To be honest, I have trouble taking trading ideas from others and incorporating them (at times to my own detriment), but will be curious to see what you get up to over there. Thx again
Come with me if you want to live....
  • #2,644
  • Aug 5, 2016 9:25am Aug 5, 2016 9:25am
Quoting skyway
{quote} If the forex bet is not exposed to possible 'black swan' type catastrophe most folks may have kept open positions into news release.
And how do we know which news releases will or won't bring a black Swan? I know the important ones are more likely, but the trend of the US jobs market has been improving. Even the contradictions between improving jobs numbers and rising unemployment stats has been indicative that more people have started looking for work again. GJerks scare tactics re NFP sinking the Geppy ship were clearly just that.

So Geppy may have lost 20% - 30% of his account if the unexpected occurred (remember canadian data has been very bad), and this is"Gambling".......


GJerks loses 30% of his account if the 4th order fails, but this is "Trading"......

Part of my point also is that no one knows if a major forex price move is going to prove their technical analysis correct, just as know one knows if a major NFP event is going to help prove their fundamental analysis correct.

Forex IS gambling, but with an educated edge.
Come with me if you want to live....
  • #2,645
  • Aug 5, 2016 9:27am Aug 5, 2016 9:27am
Quoting alldirex
{quote} Most people say gambling because of the 20% drawdown... Which could have been worse. What people don't get is that losing 0.5% a day for 40 days is worse. Everyone trades based on their comfort level.
I agree particularly with your last point
Come with me if you want to live....
  • #2,646
  • Aug 5, 2016 9:27am Aug 5, 2016 9:27am
Quoting Ill-b-back
{quote} GJerks loses 30% of his account if the 4th order fails, but this is "Trading"......
You're forgetting one key element: The fourth order "can't fail", man!!!
check out my blog: forexmademillionaire dot com
  • #2,647
  • Edited 9:40am Aug 5, 2016 9:30am | Edited 9:40am
This large floating loss that many posters point to is not simply another criticism from haters especially when the trades are not at least temporarily closed prior to such a major news release when it's already sitting on a large floating loss sums up the trader's perception of risk management where these guys who voiced their opinion don't share the same risk tolerance at that level.
  • #2,648
  • Aug 5, 2016 9:32am Aug 5, 2016 9:32am
Quoting Ill-b-back
{quote} And how do we know which news releases will or won't bring a black Swan? I know the important ones are more likely, but the trend of the US jobs market has been improving. Even the contradictions between improving jobs numbers and rising unemployment stats has been indicative that more people have started looking for work again. GJerks scare tactics re NFP sinking the Geppy ship were clearly just that. So Geppy may have lost 20% of his account if the highly unexpected occurred (remember canadian data has been very bad), and this is"Gambling"..........
You'll never know, this kind of news may react against technical and fundamental analysis, if you know, you will put position of full margin before the news.
And true there are element of luck there, if your analysis correct your capital will grow and vice-versa.
For GJerkS, i think he is very angry and cant accept the reality now, since he lost and burnt his account, he lost $655 in his duel account. This amount of money is not small from place where he come from.
We dont know what kind of maneuver that he will take to have his revenge.
making money is easy in forex, losing money is even easier...
  • #2,649
  • Aug 5, 2016 9:33am Aug 5, 2016 9:33am
Quoting Ill-b-back
{quote} And how do we know which news releases will or won't bring a black Swan? I know the important ones are more likely, but the trend of the US jobs market has been improving. Even the contradictions between improving jobs numbers and rising unemployment stats has been indicative that more people have started looking for work again. GJerks scare tactics re NFP sinking the Geppy ship were clearly just that. So Geppy may have lost 20% - 30% of his account if the highly unexpected occurred (remember canadian data has been very bad), and this is"Gambling"..........
If you're asking about my personal opinion I've stated it clearly earlier that any one trade idea should not expose the account to more than 5% and for a large account not more than 1% drawdown.
  • #2,650
  • Aug 5, 2016 9:42am Aug 5, 2016 9:42am
@ Geppy That UCAD
  • #2,651
  • Aug 5, 2016 9:42am Aug 5, 2016 9:42am
Quoting skyway
{quote} If you're asking about my personal opinion I've stated it clearly earlier that any one trade idea should not expose the account to more than 5% and for a large account not more than 1% drawdown.
Hi, yes I understand your opinion and I have read it on earlier posts to him.

My post is in response to Scalpers relentless chanting of Geppys "gambling", when in fact he has just as much at stake (30%), every time he starts a new sequence of trades.
Come with me if you want to live....
  • #2,652
  • Aug 5, 2016 9:52am Aug 5, 2016 9:52am
Quoting Ill-b-back
{quote} Hi, yes I understand your opinion and I have read it on earlier posts to him. My post is in response to Scalpers relentless chanting of Geppys "gambling", when in fact he has just as much at stake (30%), every time he starts a new sequence of trades.
Well if someone trades with small size account say $500 then he may have no qualms to trade at very high stakes but if any trader who does the same with larger size account he may lose his entire asset holdings.
  • #2,653
  • Aug 5, 2016 9:55am Aug 5, 2016 9:55am
Quoting Geppy
{quote} You're forgetting one key element: The fourth order "can't fail", man!!!
Sorry my bad...



Anyway....
Come with me if you want to live....
  • #2,654
  • Aug 5, 2016 9:58am Aug 5, 2016 9:58am
Quoting skyway
{quote} Well if someone trades with small size account say $500 then he may have no qualms to trade at very high stakes but if any trader who does the same with larger size account he may lose his entire asset holdings.
I totally agree and I doubt Geppy would put 30% of $300,000 on the line in one trade idea.

Money is relative and perhaps Geppy attributes the same or even less personal value to $5000 as GJS does to $500 because of their own independant financial circumstances.
Come with me if you want to live....
  • #2,655
  • Aug 5, 2016 10:02am Aug 5, 2016 10:02am
Quoting gugun555
{quote} You'll never know, this kind of news may react against technical and fundamental analysis, if you know, you will put position of full margin before the news. And true there are element of luck there, if your analysis correct your capital will grow and vice-versa. For GJerkS, i think he is very angry and cant accept the reality now, since he lost and burnt his account, he lost $655 in his duel account. This amount of money is not small from place where he come from. We dont know what kind of maneuver that he will take to have his revenge....
No idea, but I'm still waiting for the ocean view photo from his uncles flat near Trump Towers that he promised.

I'm thinking he realised the ocean view poster he has on his bedroom wall wasn't big enough to make the photo look legit...

But that's it from me, this thread is taking on a more positive tone, I've had my fun.

Enjoy..
Come with me if you want to live....
  • #2,656
  • Aug 5, 2016 10:03am Aug 5, 2016 10:03am
Quoting skyway
{quote} Well if someone trades with small size account say $500 then he may have no qualms to trade at very high stakes but if any trader who does the same with larger size account he may lose his entire asset holdings.
Account size is relative, my friend. $5k is not a substantial amount of money to me. I don't say that to brag, it's just the truth.
check out my blog: forexmademillionaire dot com
  • #2,657
  • Aug 5, 2016 10:09am Aug 5, 2016 10:09am
Hey GJ a possible setup for you for next week to try longer term trading so you don't blow your next account so quickly
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-ecn-h1-Hand S.png Size: 117 KB
  • #2,658
  • Aug 5, 2016 10:13am Aug 5, 2016 10:13am
I agree with both Ill be back and geppy about account size is relative, our individual circumstance differ there's no one size fits all.
  • #2,659
  • Aug 5, 2016 10:21am Aug 5, 2016 10:21am
Call it whatever you want, I have to call it:

Attached Image


To hold that trade all the way through NFP had to be about a 9.9 on the pucker factor. I know I couldn't have done it.

Of course someone else already took a nut shot to his account but hides it in shame.
  • #2,660
  • Aug 5, 2016 10:59am Aug 5, 2016 10:59am
Quoting magnumfreak
Call it whatever you want, I have to call it: {image} To hold that trade all the way through NFP had to be about a 9.9 on the pucker factor. I know I couldn't have done it. Of course someone else already took a nut shot to his account but hides it in shame.
It actually wasn't a big deal for me. I peeked at things real quick while still in bed, then went back to sleep.

As I said yesterday, I had a hard stop in at 1.2960. So worst case I was going to lose another 50 pips or so. I'd accepted that lose already, so taking it wouldn't be a big deal.
check out my blog: forexmademillionaire dot com
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