DislikedFirst of all, I have no bias towards him, I am just collecting facts. Aside from the losing positions earlier, he is holding this profitable trade and is collecting good money from it, there is not denying that. As far as "scalping the pip outta it", as far as I am concerned he is not doing that. He took a few positions early on and cut his losses short, but is banking on this large trade to carry him into profit. Looks like any old short term trending system to me.Ignored
Shakes's trading is actually "God like" if his statements at the start of his thread are true and I AM NOT SAYING they are NOT TRUE merely pointing out how EXTREMELY DIFFICULT it would be and how unbelievably good and unique a trader would have to be to pull them off. AND that his statements on how he trades simply do not add up, seriously.
He says candlesticks are useless and then he uses them ? Huh ?
If he is a live trader Why would he even be holding a profitable trade on demo ? I could open up 20 demo accrounts across a load of different Metatraders and get a 300 pip winner.
I might forward test new ideas on demo but I am not doing any of my live trading on them, why would I ?
Isn't he using something like 15 pips as a stop loss? Thats a nice 20% trade . . . . .
I trade the Daily's and Weekly's and I only get a few 300 pip winners lol so I do not know what his "tape reading" rules are and his what his exit strategy is to allow him have such a high percentage of winning trades and then SOMEHOW have a 300 pip winner out of nowhere . . .