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  • #1
  • First Post: Edited Jan 7, 2025 8:50am Jan 3, 2025 1:53pm | Edited Jan 7, 2025 8:50am
Beware! When a trader tells you they have a win rate of 80% or higher (especially people selling courses), demand that they show you proof from no less than 100 trades on a live account. If they are unwilling to do this, it's likely because they are lying to you.

The reason why I call them thieves is because they steal your time feeding you with lies. Don't fall into their trap. It's your money they are after. They want you to buy their courses. And if they don't have a course to sell, then it is likely they are just hungry for attention and validation.

If they have no problem bragging about their success rate in trading, then they should have no problem showing you the receipts! Until they provide proof, they are just blowing smoke.

UPDATE: It's getting ugly in here! Let's be respectful of one another. This thread was not created with the intent to call people out in it and make accusations against FF members. I was making a specific point. Unfortunately, some people have taken it in the wrong direction.

I have requested for the thread to be deleted. I'm not sure the moderators will grant my request, but I think it is for the best that this thread be removed.

Let's stay focused and positive.
Learn from your mistakes and march on.
  • #2
  • Jan 4, 2025 3:41am Jan 4, 2025 3:41am
Here is a list of traders and educators that have provided actual proof of profitable trading:
1.
2.
3.
4.
5.

It takes a lot for me to IGNORE you, but you can try.
  • #3
  • Jan 4, 2025 3:56am Jan 4, 2025 3:56am
80% Anyone who believes this is willing to get scammed. However, this is what happens when people (Up and coming traders) listen to people on YouTube saying they have a 94% win rate with 1:7 R&R

See people buying $10k courses because someone shows them a lot of writing on there analysis thinking its great!
  • #4
  • Jan 4, 2025 4:00am Jan 4, 2025 4:00am
Quoting here2there
Beware! When a trader tells you they have a win rate of 80% or higher (especially people selling courses), demand that they show you proof from no less than 100 trades on a live account. If they are unwilling to do this, it's likely because they are lying to you. The reason why I call them thieves is because they steal your time feeding you with lies. Don't fall into their trap. It's your money they are after. They want you to buy their courses. And if they don't have a course to sell, then it is likely they are just hungry for attention and validation....
T721, Pat Chiko, Coreg2004 should all be called out. Stealing people time by fake results. Follow a post
#849,794 (https://www.forexfactory.com/thread/post/15102962#post15102962) for proof.

There are claims about Coreg2004 of editing his posts. I personally haven't looked into it yet but reading throught empirical evidence about Dow Theory, Elliot Wave etc it just doesn't yield positive profits without using excessive risk. Maybe academics are wrong, but I haven't seen anyone actually making money with it. Only selling the dream.

T721 doing somekind of sub/unsub business(marketing) here and "helping" people with his pdf-s. Luring people to telegram groups. Open pdf and there is instagram of some guru. Not sure what happens after or what he does exactly with all that. Claims to be profitable trader over 20+ years but is having trouble comprehending and reading basic english. Strange is all I'm saying.
How to succeed in zero sum game?
  • #5
  • Jan 4, 2025 5:06am Jan 4, 2025 5:06am
Quoting dempire1
{quote} T721, Pat Chiko, Coreg2004 should all be called out. Stealing people time by fake results. Follow a post #849,794 (https://www.forexfactory.com/thread/post/15102962#post15102962) for proof. There are claims about Coreg2004 of editing his posts. I personally haven't looked into it yet but reading throught empirical evidence about Dow Theory, Elliot Wave etc it just doesn't yield positive profits without using excessive risk. Maybe academics are wrong, but I haven't seen anyone actually making money with it. Only selling the dream....
Morning Dempire
Hope you had a good Christmas. and happy new year.
I cant speak for Pat Chiko or Coreg2004, but I can speak for T721 ( Terry )
You are right Terry has a Telegram channel currently with 38 members. Unfortunately I can't speak for Pat Chiko, or Coreg, but I can speak for T721.
T721 has done a lot of videos on a Sunday night uk time as he lives in Edingburgh which is in Scotland uk, and not some foreign country as you have previously falsely stated.
I have been a member of the Telegram channel for approximately 6 to 8 weeks. Although I have not been able to attend the live videos, T721 has also recorded them to watch at a later date. The videos show where T721 expects the market to go during the previous week mostly using liquidity pools, divergence, and other things that come to mind while he is recording these videos.
To traders that are profitable in this way of trading is probably well known, but to the less profitable one's like me, he has helped me a lot. all the content has been done free, and T721 gives a lot of insight during the week as to what trades he is in. which trades are doing well, and which one's are not.
As it is clear, and obvious you are wrong about T721. it is possible that you could (not is ) wrong about Pat Chiko, and Coreg2004
If you are getting frustrated with your own trading. there is some really good threads on Forex Factory that could be of help.
TooSlow has 2 excellent threads. inthebox has a very good one, and many many more
Hope this helps
Kind regards
Kevin
  • #6
  • Jan 4, 2025 5:52am Jan 4, 2025 5:52am
Quoting kevin1959
{quote} Morning Dempire Hope you had a good Christmas. and happy new year. I cant speak for Pat Chiko or Coreg2004, but I can speak for T721 ( Terry ) You are right Terry has a Telegram channel currently with 38 members. Unfortunately I can't speak for Pat Chiko, or Coreg, but I can speak for T721. T721 has done a lot of videos on a Sunday night uk time as he lives in Edingburgh which is in Scotland uk, and not some foreign country as you have previously falsely stated. I have been a member of the Telegram channel for approximately 6 to 8 weeks....
Hello Kevin

Does T721 provides videos in telegram group or does them LIVE?

Here is the post #848,632 (https://www.forexfactory.com/thread/post/15090203#post15090203) where I mentioned that I SPECULATE. Please google the meaning of speculation.

"To traders that are profitable in this way of trading is probably well known, but to the less profitable one's like me, he has helped me a lot" - I haven't seen anybody making consistent money with fake liquidity, liquidity pools, SMC, ICT, Technical Analysis. All I see are screenshots of some profits sometimes or posts after the price have moved to advertisers direction. But do we know how many similar entries they made? How many trades they lost before that 1 went their way for 20 pips? Open your Trading Explorer and lets see truly how much it has helped you during your 6-8 weeks "learning period". Are you man enough to do it?

Wouldn't trust to "learn" from anybody without live (not fake) Trading Explorer. Waste of time as with T721 wasting his, yours and everybody else's time. 20 years of supposedly profitable trading but NOT ONE SINGLE PROOF PROVIDED. Why "help" at all?

It's shady AF.

Best Regards
How to succeed in zero sum game?
  • #7
  • Jan 4, 2025 6:54am Jan 4, 2025 6:54am
Quoting dempire1
{quote} Hello Kevin Does T721 provides videos in telegram group or does them LIVE? Here is the post #848,632 (https://www.forexfactory.com/thread/post/15090203#post15090203) where I mentioned that I SPECULATE. Please google the meaning of speculation. "To traders that are profitable in this way of trading is probably well known, but to the less profitable one's like me, he has helped me a lot" - I haven't seen anybody making consistent money with fake liquidity, liquidity pools, SMC, ICT, Technical Analysis. All I see are screenshots...
Hi Dempire
T721 does live videos on a Sunday night for the coming week. I watch the videos at a later date when I have time.
Is it wise when speculating to spread disinformation on several theads about certain people? This only weakens a persons credibility when proven wrong in which you are in the case of T721.
T721 has given plenty of charts on various threads in forex factory with his thoughts on where price is going that you have chosen to ignore which of course is your choice, but once again weakens a persons credibility, which is probably why you are ignored on these sites. I haven't seen any charts from yourself to prove T721 wrong
I have not traded the way T721 has shown yet. as it has been the Christmas period, and I have a lot of money tied up in selling GBP/JPY and losing quite a lot at the moment, but things have turned around this last week.
The only other member on the Telegram channel, who is also on forex factory is ianlikesgolf, and he has attended the live videos.
I am sure if you send him a message he will reply to the honesty, and credibility of T721
Enjoy the rest of the weekend, as I have grandbaby duties now.
Hope this reply is helpful
kind regards
Kev
  • #8
  • Jan 4, 2025 11:22am Jan 4, 2025 11:22am
Quoting dempire1
{quote} Hello Kevin Does T721 provides videos in telegram group or does them LIVE? Here is the post #848,632 (https://www.forexfactory.com/thread/post/15090203#post15090203) where I mentioned that I SPECULATE. Please google the meaning of speculation. "To traders that are profitable in this way of trading is probably well known, but to the less profitable one's like me, he has helped me a lot" - I haven't seen anybody making consistent money with fake liquidity, liquidity pools, SMC, ICT, Technical Analysis. All I see are screenshots...
Does T721 provides videos in telegram group or does them LIVE? Live when i have time..... you welcome to join if you want and share some of your trades... you might learn something or not--who knows
  • #9
  • Jan 4, 2025 11:24am Jan 4, 2025 11:24am
Quoting kevin1959
{quote} Hi Dempire T721 does live videos on a Sunday night for the coming week. I watch the videos at a later date when I have time. Is it wise when speculating to spread disinformation on several theads about certain people? This only weakens a persons credibility when proven wrong in which you are in the case of T721. T721 has given plenty of charts on various threads in forex factory with his thoughts on where price is going that you have chosen to ignore which of course is your choice, but once again weakens a persons credibility, which is probably...
Thanks Kev
  • #10
  • Jan 4, 2025 12:39pm Jan 4, 2025 12:39pm
Quoting dempire1
{quote} Hello Kevin Does T721 provides videos in telegram group or does them LIVE? Here is the post #848,632 (https://www.forexfactory.com/thread/post/15090203#post15090203) where I mentioned that I SPECULATE. Please google the meaning of speculation. "To traders that are profitable in this way of trading is probably well known, but to the less profitable one's like me, he has helped me a lot" - I haven't seen anybody making consistent money with fake liquidity, liquidity pools, SMC, ICT, Technical Analysis. All I see are screenshots...
a few things posted in room
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  • #11
  • Jan 4, 2025 12:58pm Jan 4, 2025 12:58pm
another gu post..... too early to say wether that 12300 zone will be the bottom before a bull run.... depends on pa when we get down there
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  • #12
  • Jan 4, 2025 1:26pm Jan 4, 2025 1:26pm
Totally agree, 95% of all telegram groups are scam. I do not get why so many people believe in those so called "traders" without any proof of trading...
  • #13
  • Jan 4, 2025 3:24pm Jan 4, 2025 3:24pm
Quoting here2there
Beware! When a trader tells you they have a win rate of 80% or higher (especially people selling courses), demand that they show you proof from no less than 100 trades on a live account. If they are unwilling to do this, it's likely because they are lying to you. The reason why I call them thieves is because they steal your time feeding you with lies. Don't fall into their trap. It's your money they are after. They want you to buy their courses. And if they don't have a course to sell, then it is likely they are just hungry for attention and validation....
Dear here2here:

I think this needs an explanation though your point about those who sell courses or are just looking for attention is well taken - they indeed do not trade with profit. Their profit is either nonexistent or does come from selling courses.

Now, I DO NOT SELL ANY COURSES and will not ever sell them. The reason is very simple: I can make much more money and make it much more easily than selling courses.

Having said that, I regularly end a trading day with an 80% win rate or higher. Naturally, the question is what the definition of a win rate is:

1. Is it the number of winning trades divided by the total number of trades? If so, here are the results for the past two trading days. I need to explain that I trade the futures - instrument ES, namely S&P 500 e-minies - from the opening time of trading in New York at 9:30 am for the next 60 to 90 minutes only:

Thursday, Jan 2, 2025: 10 trades, No loss, therefore, the win rate would be 100%
Friday, Jan 3, 2025: 13 trades including two losses, the winning rate (11/13 times 100) = 84.62%

2. If, on the other hand, we want to define the win rate in terms of profit and loss measured in US Dollars, the picture is as follows:
Here I need to explain that I use a fixed automated Profit Target of 1.0 point that equals $50 for one contract.
Similarly, I use 2.0 points or 3.0 points Stop Loss depending on the volatility of the market, which equals $100 to $150 per loss for one contract.
I typically trade only one contract. (But there is nothing to stop me from trading 2,3, 5 or 10 contracts per trade as the instrument ES is extremely liquid.)

I traded one contract per each trade on Thursday and Friday. Therefore:
Thursday, Jan 2, 2025: 10 trades, No losses. 10 profitable trades at $50 each equaled $500 dollars, win rate 100% (less commission of $4.50 per contract per trade)
Friday, Jan 3, 2025: 13 trades including two losses; 11 winning trades at $50 each equaled $550, two losses - one at 2.0 points and one at 3.0 points equaled 5.0 points at $50 per point - the total loss of $250. The Net Profit expressed as a difference between the Profit of $550 and the Loss of $250 equaled $300.
Thus, in terms of Profit and Loss expressed in US Dollars, the win rate on Friday was ($300/$550 times 100) = 54.55% (less commission of $4.50 per contract per trade)

This only shows that talking about the "win rate" without defining what this win rate means is misleading.
Furthermore, this demonstrate how the selection of the Stop Loss in combination with a small number of lost trades can wreck your trading.

On that note, there was somebody on this forum who posed the following question: "If you have ten trading sessions with a loss, does it mean that your trading method is unprofitable?" The author's answer was "No, this does not mean that your trading method is not profitable."

Based on the numbers above and the interplay between the Stop Loss with a rather small number of losing trades and the Profit Target, my answer to the question above is an emphatical "Yes, your trading method is HIGHLY unprofitable."
  • #14
  • Jan 4, 2025 4:43pm Jan 4, 2025 4:43pm
Quoting kevin1959
{quote} Hi Dempire T721 does live videos on a Sunday night for the coming week. I watch the videos at a later date when I have time. Is it wise when speculating to spread disinformation on several theads about certain people? This only weakens a persons credibility when proven wrong in which you are in the case of T721. T721 has given plenty of charts on various threads in forex factory with his thoughts on where price is going that you have chosen to ignore which of course is your choice, but once again weakens a persons credibility, which is probably...
Hi Kevin

1. You are claiming that T721 helps you to make money but you aren’t making any money
2. I’m losing credibility by “spreading false info” but none of you MAKE ANY MONEY TRADING… How am I spreading false info?
3. T721 gives plenty of charts - I can give you plenty of charts doesn’t make me profitable trader, are you like literally fool?
4. I will open my Trading Explorer if T721 will do it also from 2021. I think it’s much better credibility than stupid pics of useless charts. Yet I don’t run any “business” here but I’m still willing to open TE.
5. You haven’t traded the way T721 yet… ??? Why are you “learning” if you’re not even using it?
6. I’m not banned on any threads. Fact.

Looking forward to hear from you T721, Kevin and rest charlatans.
How to succeed in zero sum game?
  • #15
  • Jan 4, 2025 7:58pm Jan 4, 2025 7:58pm
Quoting Eurorally
{quote}... I traded one contract per each trade on Thursday and Friday. Therefore: Thursday, Jan 2, 2025: 10 trades, No losses. 10 profitable trades at $50 each equaled $500 dollars, win rate 100% (less commission of $4.50 per contract per trade) Friday, Jan 3, 2025: 13 trades including two losses; 11 winning trades at $50 each equaled $550, ....
Could you show the link, on FF, to those trades you made before happening?
  • #16
  • Jan 5, 2025 12:06am Jan 5, 2025 12:06am
Quoting Eurorally
{quote} Dear here2here: I think this needs an explanation though your point about those who sell courses or are just looking for attention is well taken - they indeed do not trade with profit. Their profit is either nonexistent or does come from selling courses. Now, I DO NOT SELL ANY COURSES and will not ever sell them. The reason is very simple: I can make much more money and make it much more easily than selling courses. Having said that, I regularly end a trading day with an 80% win rate or higher. Naturally, the question is what the definition...
Demonstrate that you have an 80% win rate out of no less than 100 live trades. And make it known what you are trading, your entry price, and target before placing each trade. That way, it will not be possible for you to fake the trades.
Learn from your mistakes and march on.
  • #17
  • Jan 5, 2025 12:50am Jan 5, 2025 12:50am
Quoting dempire1
{quote} Hi Kevin 1. You are claiming that T721 helps you to make money but you aren’t making any money 2. I’m losing credibility by “spreading false info” but none of you MAKE ANY MONEY TRADING… How am I spreading false info? 3. T721 gives plenty of charts - I can give you plenty of charts doesn’t make me profitable trader, are you like literally fool? 4. I will open my Trading Explorer if T721 will do it also from 2021. I think it’s much better credibility than stupid pics of useless charts. Yet I don’t...
Hi Dempire.
Let me try and explain in the same format as you have used
1 I didn't say I was not making money in forex. I clearly said that I had a lot of money tied up in my G/J trade. This trade is nothing to do withT721, and has been running for a few weeks now. I keep an eye on all news coming out of Japan, and when they put the intrests rates up, and the british pound getting weaker, then there is a good chance these losing trades will eventually be in profit.
2 When I speak about credability I did make it clear that I can only vouch for T721. You have flamed T721 in many threads on forex ffactory, then cunningly have get out card by using speculation. I find this in bad taste, especially when you are doing your best to destroy another persons character.
3 you have seen pleny of charts from T721 giving an insight into what could happen, he has also posted one on this thread. No one knows with 100 pecent accuracy if this will happen, but they are charts posted before the event. You were posting some good charts way back in 2021, and if i'm not mistaken in your charts you are using liquidity areas, and you seemed to have done well. All you have to do is post a chart on this thread like T721 has done, if you want to keep any credability at all.
4 The trade explorer you use is just another get out of gaol card. You use this on everyone on forex factory who you try and discredit. There is nothing stopping you posting your trade explorer account if you wish to.
5 I thought I made it clear why I am not trading the way T721 is, and you answerd your own question. I am only learning and obseving at the moment, T721 insists on bactesting all of his trading ideas which I am doing at the present time and being over the Chrismas and holidays the markets don't always play out because of low volume, but of course you will already know all this as you have been trading 8 or 9 years. I don't have to make a living trading as I am retired now, but when I started my journey over 15 years ago, I got the bug and really enjoy doing it.
6 I didnt say you have been banned. I said no one replys to you on these threads when you are doing your damdest to destroy other traders, with as you say your own pure speculation.
7 I am aware that there is no number 7 but just here me out before you start calling me an idiot or a fool. On this thread T721 has invited you to his Telegram channel, it is now up to you to be a big person and accept. You will be able to talk to T721 when he does his live video session about any proplems to do with trading, then you can come back on this site and give an honest review with non of this silly speculation nonsense. If you fail to accept then you credibility has been shot on this thread as it has on the others. I am looking forward to meeting you on the telegram channel, as I am sure that you are not the type to hide behind a keyboard.
Kind regards
Kev
  • #18
  • Jan 5, 2025 1:35am Jan 5, 2025 1:35am
I am expressing my personal opinion.
This type of thread on FF does more harm than good. There are already several threads of this type on FF, some of them have a long history. In my opinion, they are even against FF regulation but somehow no one closes them. The only really noticeable effect is the disappearance of several FF members with an interesting perspective, very different from everyone else.
Judging others with only partial knowledge of them is an activity that I do not like. Just as I do not like witch-hunting. Because that is what it reminds me of. Sooner or later it goes in the wrong direction. Sooner or later it will turn into a vendetta.
Waste of time and energy. The Erebus (post #2) closes the matter for me.
Everyone has to go their own way. How they do it is their business. If they are smart, they have a chance to find a way, if they are not smart, they have a problem that no warning threads will save them from.
I wish all FF members a Happy New Year 2025.
  • #19
  • Jan 5, 2025 1:43am Jan 5, 2025 1:43am
Quoting BlackNapkins
I am expressing my personal opinion. This type of thread on FF does more harm than good. There are already several threads of this type on FF, some of them have a long history. In my opinion, they are even against FF regulation but somehow no one closes them. The only really noticeable effect is the disappearance of several FF members with an interesting perspective, very different from everyone else. Judging others with only partial knowledge of them is an activity that I do not like. Just as I do not like witch-hunting. Because that is what it...
Hi BlackNapkins.
what an excellet post, best one I have seen in a long time.
And a very happy new year to you too
kind regards
kev
  • #20
  • Jan 5, 2025 2:40am Jan 5, 2025 2:40am
Quoting kevin1959
{quote} Hi Dempire. Let me try and explain in the same format as you have used 1 I didn't say I was not making money in forex. I clearly said that I had a lot of money tied up in my G/J trade. This trade is nothing to do withT721, and has been running for a few weeks now. I keep an eye on all news coming out of Japan, and when they put the intrests rates up, and the british pound getting weaker, then there is a good chance these losing trades will eventually be in profit. 2 When I speak about credability I did make it clear that I can only vouch...
Hi Kevin

1. Why are you “learning” from T721 if you’re not making money? What are you learning there then?
2. Flaming is wrong usage of words. By fact T721 acts as either advertiser or a teacher here on FF. How come he can’t open trading explorer to prove his credibility? Claiming 20 years of profitability, shouldn’t be hard. If he can’t why is he trying so hard to subscribe and advertise his telegram group to “help” others but seeing on you yourself he hasn’t helped you within 6-8 weeks and you still don’t make any money and you don’t even use what he “teaches”?
3. what I posted in 2021 and before didn’t yield any positive long term profits.
4. Why are you luring me so hard to some telegram group when none of you make any money? Are you stealing personal information?

The purpose of this group works well if it’s proven with facts. And facts are showing that T721 information or telegram group haven’t yielded any longer term positive profits for him or his members. Only pictures of charts and a dream. A tactics used by lots of charlatans in this industry.

Why is T721 trying so hard to advertise his group?
How to succeed in zero sum game?
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