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  • #361
  • Feb 25, 2009 9:29am Feb 25, 2009 9:29am
Quoting Marsh
Max losses = 3 in a row

15pip stop loss

15x3 = 45 pip account drawdown.
Good stuff, thanks for clearing that up because it was not cleared by Shakes.
Nobody views account drawdown in terms of pips, only in terms of %.

You seem like a man with all the answers, if he is always taking profit at +10 on his first lot, then why has he pip totals that are not in xx0 ?

(See picture)

Also WHY is he even bothering to count pip totals , every trader knows that +pips means nothing unless you ALWAYS have fixed TP and SL (And he does not with the second lot) Why does he not do it in terms of % ?

It's stuff that people use as marketing to get newbs interested in their system (10 pips a day, 15 pips a day can make you rich rubbish)

I have often had weeks where I was negative on pips and I was positive in % terms.
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  • #362
  • Feb 25, 2009 9:48am Feb 25, 2009 9:48am
Quoting Jwentro
Im going to question him....

is that really all the impressive though? for instance:

I'll open one demo Long EURUSD, open 50 Buy Orders at 40 standard lots
Open a second demo short EURUSD, open 50 sell Order at 40 standard lots


as long as the market didnt whipsaw in between, 4 hours from now I could easily have a doubled account.


it seems like thats all you did, all buy orders on EURUSD all within minutes of each other??

I'm not saying you didnt do it (obviously you did), but the fact I can easily replicate it just by opening 2 accounts...
By your very argument you prove that demanding proof of others success is a useless venture. If its hard enough to find profit on your own balance sheet, why try so hard to find it on someone elses. In the end it will not improve your trading in the slightest bit.
Headline: USD drops due to news of USD dropping!
  • #363
  • Feb 25, 2009 9:51am Feb 25, 2009 9:51am
Quoting Gaston
By your very argument you prove that demanding proof of others success is a useless venture. If its hard enough to find profit on your own balance sheet, why try so hard to find it on someone elses. In the end it will not improve your trading in the slightest bit.
Could not be said better
  • #364
  • Feb 25, 2009 9:51am Feb 25, 2009 9:51am
Once again guys....can you guys block me from this thread ...I am wasting my time posting in this thread...please help me out
  • #365
  • Feb 25, 2009 10:10am Feb 25, 2009 10:10am
Quoting Shermenator
Once again guys....can you guys block me from this thread ...I am wasting my time posting in this thread...please help me out
Are you watching ShakesFX live trading?
  • #366
  • Feb 25, 2009 10:17am Feb 25, 2009 10:17am
Quoting Shermenator
Once again guys....can you guys block me from this thread ...I am wasting my time posting in this thread...please help me out
Sherm,

I like you, I think you are a good trader. And I see you help people out lots. I do not trade your method but it is a perfectly good system looking from the outside in.

But you and I BOTH stood up for steelhead, and in the end. He was selling his signals. . It really made me start questioning some stuff that goes on around here.

Some of the stuff Shakes says does not add up honestly, he says candles are rubbish and then uses them ?

Why does he STOP trading after 3 trades ? His edge simply does not disappear, you either have an edge on the market or you do not.

He says his system works in both trends and ranges, then when price goes into a range (Which is still profitable if you know how to trade them) he says it is "no time for scalping" . .

He claims candlesticks as rubbish and then uses them.

Seriously like, that stuff does not add up. . .

What about the anywhere between 1 and 5 minutes difference between posting his "trade calls" and the actual event . . .

I will actually be the first to Apologize if I see that he is the real deal. . .
  • #367
  • Feb 25, 2009 10:24am Feb 25, 2009 10:24am
Quoting Gaston
By your very argument you prove that demanding proof of others success is a useless venture. If its hard enough to find profit on your own balance sheet, why try so hard to find it on someone elses. In the end it will not improve your trading in the slightest bit.

Demanding proof of others is not a useless venture, but showing proof that could be so easily replicated (by opening one account long and one short) is useless proof. Therefore the argument is still valid. ( i would think a member as highly regarded as you would actually look at the results posted, see all the guy did was buy a wave and doubled his account)


also, who says I havent posted a profitable balance sheet? I didn't start this thread to blast everyone, just to show how easily newbies fall into the trap of "1000's of profits per month"

and why does the accusation that I need to see hard-results autmatically relate to me? this thread is for all members of FF, so they don't get drawn into scams/ non profitable strategies.
  • #368
  • Feb 25, 2009 10:27am Feb 25, 2009 10:27am
Quoting Shermenator
Once again guys....can you guys block me from this thread ...I am wasting my time posting in this thread...please help me out


how about not wasting bandwidth with useless posts such as the one you made above? or better yet, try to restrain yourself from posting here.

We all know that you will go back to Shakes thread proclaiming yourself immortal for being banned by this thread.

Maybe you can go defend Steel some more.
  • #369
  • Feb 25, 2009 10:30am Feb 25, 2009 10:30am
Exactly, that is the point Jwentro was trying to make, BANNED.


Quoting Jigsaw
Good stuff, thanks for clearing that up because it was not cleared by Shakes.
Nobody views account drawdown in terms of pips, only in terms of %.

You seem like a man with all the answers, if he is always taking profit at +10 on his first lot, then why has he pip totals that are not in xx0 ?

(See picture)

Also WHY is he even bothering to count pip totals , every trader knows that +pips means nothing unless you ALWAYS have fixed TP and SL (And he does not with the second lot) Why does he not do it in terms of % ?

It's stuff that people...
  • #370
  • Feb 25, 2009 10:35am Feb 25, 2009 10:35am
Ordinarily I would not bother with this. But when the claims are so outlandish, and u ask a simple question and he bans you. And then he calls you a troll, and others retarded. And he tells the noobs that it is easy, when it is obvious he does not trade. Then he got what he deserved. If he is your friend, tell him to come clean and do not waste people's time. B/C he is on everyone's radar for being so arrogant. Got it? You insult people and there are consequenses. Got it?
  • #371
  • Feb 25, 2009 10:46am Feb 25, 2009 10:46am
Quoting Jwentro
Demanding proof of others is not a useless venture, but showing proof that could be so easily replicated (by opening one account long and one short) is useless proof. Therefore the argument is still valid. ( i would think a member as highly regarded as you would actually look at the results posted, see all the guy did was buy a wave and doubled his account)


also, who says I havent posted a profitable balance sheet? I didn't start this thread to blast everyone, just to show how easily newbies fall into the trap of "1000's of profits...
Please explain how proof of his success is of any value to you?

My point above, Jwentro, is why even bother? Are you investing in Shakes? Giving him your money to trade? Taking his signals live and trading them on a real accout? If not, then who cares what HIS balance sheet looks like. For all personal intents and purposes, he is doing nothing more than showing off a system. Even if he is trying to sell something, it is the person who follows him that is at fault, not Shakes. Anyone dumb enough to blindly follow any system is stupid enough to lose money to it. So instead of spending countless hours trying to determine if Shakes is telling the truth based on HIS performance, why not take some responsibility and run your own tests on the system. At the end, if you fail, all you can say is, “This system does not work for me”. At the end, if you succeed, then congratulations. Either way, there is value to be learned from either of the above scenarios. There is no value gained from demanding HIS proof. That is worthless, because even if he cannot profit from his own damn system, that does not mean some one else can.

Now, as a sub thought: I only speak on this because I believe these principles apply to any system displayed on this forum. I do not know ShakesFX, and have not tried his method. I will leave my own opinion about his way of trading out of this for the time being. I just want to make that clear.
Headline: USD drops due to news of USD dropping!
  • #372
  • Feb 25, 2009 10:54am Feb 25, 2009 10:54am
Can't try to see if system works because there is no system. All he did today was contrary to vague notions that he talked about before. There is no system. So before you come here and speak, you inform yourself a little more. And if you knew anything about trading, you would have a problem with him telling noobs that it is easy. He is trying to draw a crowd and then charge noobs who probably know more than him.


Quoting Gaston
Please explain how proof of his success is of any value to you?

My point above, Jwentro, is why even bother? Are you investing in Shakes? Giving him your money to trade? Taking his signals live and trading them on a real accout? If not, then who cares what HIS balance sheet looks like. For all personal intents and purposes, he is doing nothing more than showing off a system. Even if he is trying to sell something, it is the person who follows him that is at fault, not Shakes. Anyone dumb enough to blindly follow any system is stupid enough to...
  • #373
  • Feb 25, 2009 10:57am Feb 25, 2009 10:57am
Quoting wwwin
Can't try to see if system works because there is no system. All he did today was contrary to vague notions that he talked about before. There is no system. So before you come here and speak, you inform yourself a little more.
Then it appears we have two differing opinions about what defines a system. I do not consider myself misinformed here.

I will edit my post to incorporate the edit you made of yours: Where the hell did I say trading was easy? If he makes 10 grand selling off his system to new traders, then he was successful and they were not. It is plain and simple.
Headline: USD drops due to news of USD dropping!
  • #374
  • Edited 11:17am Feb 25, 2009 10:59am | Edited 11:17am
Quoting Gaston
Then it appears we have two differing opinions about what defines a system. I do not consider myself misinformed here.
Well then why don't you tell me what Shakes' system is, so that I can try for myself, as you say, to see if it works or not? Because anybody that has at least some experience agrees that he has no system. It cannot be objectively traded, so nobody can test it, as you want people to do.
  • #375
  • Feb 25, 2009 11:00am Feb 25, 2009 11:00am
Quoting Gaston
Please explain how proof of his success is of any value to you?

My point above, Jwentro, is why even bother? Are you investing in Shakes? Giving him your money to trade? Taking his signals live and trading them on a real accout? If not, then who cares what HIS balance sheet looks like. For all personal intents and purposes, he is doing nothing more than showing off a system. Even if he is trying to sell something, it is the person who follows him that is at fault, not Shakes. Anyone dumb enough to blindly follow any system is stupid enough to...


Once again, it makes no difference to me, i dont trade his system, i think its BS and impossible. I accuse him to show other members that results of $937,000 a month are improbable at best.

Secondly, did i say anywhere I'm giving him money to trade or taking his signals live? or that I ever have? Why even bring that into the equation?


Third, when someone posts they make 8600 pips a month trading 10 standard lots at a time, they need to be validated with results, shakes refuses to post them. Therefore we ride him to show them.

Last, maybe you're in the wrong thread with your thought process. I'm not saying its wrong, I'm just saying it isn't on par with us.
  • #376
  • Feb 25, 2009 11:05am Feb 25, 2009 11:05am
Quoting Jwentro
Once again, it makes no difference to me, i dont trade his system, i think its BS and impossible. I accuse him to show other members that results of $937,000 a month are improbable at best.

Secondly, did i say anywhere I'm giving him money to trade or taking his signals live? or that I ever have? Why even bring that into the equation?


Third, when someone posts they make 8600 pips a month trading 10 standard lots at a time, they need to be validated with results, shakes refuses to post them. Therefore we ride him to show them.

Last, maybe...
Thank you for taking the time to think about your reply before hitting submit. I appreciate that. I will only say that I mentioned you paying for his services etc. because I beleive you are NOT doing that, so why ask for a track record if he is not responsible for your money.

Anyway, I agree that I am out of place posting here. I believe I have made my point and will leave now. Have a good day.
Headline: USD drops due to news of USD dropping!
  • #377
  • Feb 25, 2009 11:10am Feb 25, 2009 11:10am
Quoting Gaston
Then it appears we have two differing opinions about what defines a system. I do not consider myself misinformed here.

I will edit my post to incorporate the edit you made of yours: Where the hell did I say trading was easy? If he makes 10 grand selling off his system to new traders, then he was successful and they were not. It is plain and simple.
True, but there is a rule at FF that he cannot use this site to do that.
  • #378
  • Feb 25, 2009 3:02pm Feb 25, 2009 3:02pm
I never draw trendlines, but i saw this on a chart and thought i'd share the channel.
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  • #379
  • Feb 25, 2009 3:51pm Feb 25, 2009 3:51pm
hi all...


well dont know what changed while I was asleep...how did his last trade work out...

I saw something by Marsh......3 * 15 = 45pips...max loss

If the first lot hits the stop then so does the second....so that is not 45...that is 90 pip max loss under that theory...for 3 losing trades..
But that theory was never told on the thread as far as I know.I hope he was not claiming that idea..

But as stated in his thread...and shown by his trading results....he never lets any winning trade turn to a losing trade...

So not sure what happened on that last trade but as soon as it got close to losing under the trading shown on the thread he would cut it loose before it got anywhere near the stop loss..
  • #380
  • Feb 25, 2009 3:58pm Feb 25, 2009 3:58pm
Quoting Angler
hi all...


well dont know what changed while I was asleep...how did his last trade work out...

I saw something by Marsh......3 * 15 = 45pips...max loss
Good work detective, I did not think of that. I forgot about Shakes's second salvo.

What now Marsh ? Also if you are still watching why did you not answer my questions earlier ?

EDIT - I was not talking to you angler, merely wondering as to whether I would have gotten some answers to my questions from some of Shakes's disciples. They are all probably too busy scalping the shit out of everything getting +2312 pips a day with 10 pip SL at 1% risk.
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