Take my word for it - A Trading Journal

Nice catch with that screen shot.

One things for sure, the people that still think shakes was a great trader are really in the dark.


he didn't have any "work load"

- Yesterday he traded demo only, still lost
- Today he had no chat window to deal with, still lost




This is a classic case of "Put your money where you mouth is" where the guy can't back up his claims, calls everyone a child for challenging him in the first place, then runs away never to be seen again, taking a select few with him.

hi...


well I am sure he came on here and claimed being up 120pips....

But posted in his rant on his own thread...

"Yesterday, account down 0.1% (ie £200)"

thats explains why he never replied to the question of what account he was talking about....certainly not his demo trading account as he has stated himself now...

hi all...



He claims it was hard work doing the trading of both accounts and with 120 people watching...

well he never seemed to have any problem trading and posting within seconds the trade on his thread and doing so for a few hours plus answer a couple question also while he was doing it..

So that arguement does not wash either....

And the claim....." I manage accounts, simple really. "

That should be enough to tell everyone what was comming...

Damn im blocked from posting in his thread boooo !

The truth hurts sometimes. It's actually a pretty spectacular fail on his part to have lost so much.

His "always use an ECN" rant is hilarious, a) ECN's not available to everyone due to capital restrictions.

b) It shows that he has a lack of knowledge when it comes to the architecture of the forex market.

I for one am hopefully changing to an ECN sooner rather than later, but there are disadvantages to them too.


Traders Laboratory is pretty good. And that Wychoff method is a good idea for trading . . Unlike black line only

Pity he could not get a profitable system together in forex.


I am not really surprised at the "massive ego dying" business at the end, if he was smarter he would have just said "I am just having a few bad days, everyone goes through them" and continued on.

Lol he's still making his extortionate amounts of money on his live account though,even though he was only trading demo yesterday.


Credit to all in this thread who opened my eyes to the scam, you all know who you are. I will not say I was in here from the start because I was not but I also tried to aware people after my massive failure to let steelhead slip through the net hehe. I learned the truth in here.

Another case for the Scamjournal !

EDIT: Any by saying "black line only" does not work, I am saying that a "black line" on its own without any s/r or anything else, without any reference to numbers will not work. He himself claims he uses a black line only but there were numerous times when he started talking about the 1.25 and other levels which will hold (sometimes) as s/r because of the nature of the level and the effect of financial options on the currency markets (think the 1.35 level on Cable a while back)

If you got - Black line only, a price feed from an ECN, traded on retail, and if you filtered in the

a) best times to trade
b) s/r, fibonaccis. use several things and see what works best by forward / backtesting. Even certain EMA's can work (eventhough I do not use them I still notice that they do hold sometimes, some of them do )

After a while you might develop a viable system . . .

Combined with repeating patterns of movement observed on the black line.

Have fun watching charts for eleven hour days as well. Lol

2ND EDIT - He also had terrible money management.

3RD EDIT - I probably would not choose EURJPY to trade, but thats just a personal thing.

http://ui29.gamespot.com/156/mythwalrus_2.jpg

joh:
Hi Jwentro, was out of town - and will be in the next days anew. So I was not able to read your comments. At the end it is at least for me not that important, because I am doing something for myself. But after reading that Shakes could not success with his own demo trading, I think I should say some words to your words.


Jwentro wrote:

Im going to question him....

is that really all the impressive though? for instance:

joh:
Yes, for myself it is impressive because I have tried to double my account but was not able to do it. Now I found a way. And in a short time I did it 2 times in about 4 hours each. For yourself this does not need to be impressiv, for you this don't need to mean anything. And I don't see that this should be my problem.

Jwentro:
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

joh:
You are right, that could be done and you made me aware of such a possibility. The biggest problem is that in this forex business there are so much scams and so much lies around this sort of business that the best attitute to anyone who is posting here in FF or in another similar Forum is to be criticaly. Those who have been in these forums for some time know that. We have been witnessed incredible assertins without any sound proof.

In this sense I agree with you. But direct to you assuming I opened 2 accounts: far away from the truth! But also this is not my problem. I know that I can do it and that is for me enough. I could also answer: so what?

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

joh:
Assume that you don't know this or that you know when to trade that way because of some Fundamentals. So this is a no well thought argument. But anew: who cares! I know that it is possible that that your assumptions are just incorrect. Anew: so what?

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

joh:
Yes, thats all what I did - you don't need to be impressed by any means by such a silly trade. It is just a matter of taste if you will.
You know Jwentro, it is more difficult than you think. You must be aware how your equity looks like. But you must also know when to buy/sell in minutes or first wait for a while. At the same time you must look that you do not over leverage your account, whick is very very difficult. And so on and so on. Realy not easy dear Jwentro. Ask Shakes why he could not managed hes demo account. And why do you think is it possible to take part in a demo contest like "FX Trader of the Year 2009 Demo Contest" as you can see in a forum like FXStreet? Because it is not easy and you must take into consideration some important rules. We could meet there and try it out. What do you think? Maybe you are some sort of Maverick in doubling or trippling demo accounts!

Jwentro:
I'm not saying you didnt do it (obviously you did), but the fact I can easily replicate it just by opening 2 accounts shows me nothing.

joh:
Anew, yes, you are right in bringing this argument. Unfortunately I can not prove the contrary. Therefore come with me to fxstreet and apply with me for a demo contest. There we could both see what comes out. At least for you - and this i can asure you will be your experience - that it is more difficult than you think.

Jwentro:
If you want I will do the exact same thing to prove my claim.

joh:
Ok, ok, do it! Do it and post your results here in this treath. I give you the possibility to do it the way you thought it out: with 2 accounts. What I myself did not, but as I said above I can't prove to you. I could invite you to come to my home and stay for some days so you can really see how I am doing! Would be this a possibility? Please don't forget that Shakes also wanted to prove how impressive he can trade. Don't tap into the same hole! Think twice before doing it!

Well dear Jwentro, take my answer as a friendly dissens on your opinion about trading a demo account like I did. And rest asure that at the end this is not so important for you. Yes, it is important for me because I am experimenting with some possibilities that I never thought were possible. This has also been my interest in Shakes trading method.

Well, I wish you peace of mind , take it not too seriously (this remembers me of the following phrase: "I am too important to take myself too seriously" remember I am a sort of , wish you make a lot of

from joh who is now

jOH,

I JUST HAD A HUGE RESPONSE TO YOUR MESSAGE BUT CLICKED AWAY FROM IT, I WILL RETYPE IT LATER.

Hi Jwentro, hope you won't bann me? Take it easy and have a nice weekend joh

Hey Pete, remember me, you were calling me an infantile 15 year old a week ago. I heard that you learned your scalping from Shakes. I wonder if you would be willing to do a live demonstration for us? He? Free webminar software for 30 days? Just for a couple of hours. Please do not have any open trades at the start of the demonstration. Thank you and look forward to hearing from you.
http://www.forexfactory.com/showpost...&postcount=960

http://www.forexfactory.com/images/icons/icon10.gif

I WILL TYPE MY RESPONSES IN THIS FONT


Jwentro:
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

joh:
You are right, that could be done and you made me aware of such a possibility. The biggest problem is that in this forex business there are so much scams and so much lies around this sort of business that the best attitute to anyone who is posting here in FF or in another similar Forum is to be criticaly. Those who have been in these forums for some time know that. We have been witnessed incredible assertins without any sound proof. YES WE FINALLY BROUGHT TO LIGHT AN INCREDIBLE ASSERTION W/O ANY PROOF TODAY

In this sense I agree with you. But direct to you assuming I opened 2 accounts: far away from the truth! But also this is not my problem. I know that I can do it and that is for me enough. I could also answer: so what? IT ISNT ENOUGH FOR ME, HENCE WHY I QUESTIONED YOU

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

joh:
Assume that you don't know this or that you know when to trade that way because of some Fundamentals. So this is a no well thought argument. But anew: who cares! I know that it is possible that that your assumptions are just incorrect. Anew: so what?

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

joh:
Yes, thats all what I did - you don't need to be impressed by any means by such a silly trade. It is just a matter of taste if you will.
You know Jwentro, it is more difficult than you think. IT ISNT DIFFICULT TO OPEN ONE ACCOUNT LONG & ONE SHORT You must be aware how your equity looks like. But you must also know when to buy/sell in minutes or first wait for a while. IT LOOKS LIKE YOU DIDNT HAVE ANY CONCEPT BEHIND YOUR ENTRY POINTS.At the same time you must look that you do not over leverage your account, whick is very very difficult. And so on and so on. Realy not easy dear Jwentro. Ask Shakes why he could not managed hes demo account. And why do you think is it possible to take part in a demo contest like "FX Trader of the Year 2009 Demo Contest" as you can see in a forum like FXStreet? Because it is not easy and you must take into consideration some important rules. We could meet there and try it out. What do you think? Maybe you are some sort of Maverick in doubling or trippling demo accounts! DID I SAY I WAS A MAVERICK? THIS IS YOUR STATEMENT THAT PISSES ME OFF. I NEVER CLAIMED I COULD TRIPLE ACCOUNTS AT WILL, I JUST SAID I COULD DOUBLE AN ACCT DOING THE EXACT SAME THING YOU DID. (EXECUTE ALOT OF IDENTICAL ORDERS AT THE SAME TIME AND HOPE)

Jwentro:
I'm not saying you didnt do it (obviously you did), but the fact I can easily replicate it just by opening 2 accounts shows me nothing.

joh:
Anew, yes, you are right in bringing this argument. Unfortunately I can not prove the contrary. YOU CANT PROVE THE CONTRARY, THATS WHY I'LL NEVER BELIEVE ITTherefore come with me to fxstreet and apply with me for a demo contest. There we could both see what comes out. At least for you - and this i can asure you will be your experience - that it is more difficult than you think. I WILL NEVER DO A DEMO CONTEST, AND WILL NEVER ACCEPT A DEMO CONTEST. THE MERE IDEA BEHIND A DEMO CONTEST MAKES ME WANT TO STOP BREATHING.

Jwentro:
If you want I will do the exact same thing to prove my claim.

joh:
Ok, ok, do it! Do it IT SEEMS LIKE YOU GOT MADE AT THIS PART OF THE POST. I WILL DO IT NEXT WEEK AND POST THE RESULTS HERE. BUT IT WILL SHOW NOTHING AS ALL MEMBERS OF THIS FORUM KNOW YOU CAN EASILY OPEN 2 ACCTS AND CHOSE ONE WAY ON EACH and post your results here in this treath. I give you the possibility to do it the way you thought it out: with 2 accounts. What I myself did not, but as I said above I can't prove to you. I could invite you to come to my home and stay for some days so you can really see how I am doing! Would be this a possibility?THAT IS DEFINITELY NOT A POSSIBILITY, LOL Please don't forget that Shakes also wanted to prove how impressive he can trade. Don't tap into the same hole! Think twice before doing it!WHY WOULD YOU BRING UP SHAKES? IM NOT PROVING ANYTHING, IF ANYTHING THAT STATEMENT APPLIES TO YOU

Well dear Jwentro, take my answer as a friendly dissens on your opinion about trading a demo account like I did. And rest asure that at the end this is not so important for you. Yes, it is important for me because I am experimenting with some possibilities that I never thought were possible. This has also been my interest in Shakes trading method. NEVER ADMIT YOU WERE INTERESTED IN THE FRAUD KNOWN AS SHAKESFX

Well, I wish you peace of mind , take it not too seriously (this remembers me of the following phrase: "I am too important to take myself too seriously" remember I am a sort of , wish you make a lot of

from joh who is now

Hi all...



Its scarey quiet here.....

Anyway....One on the other thread....just cant help blaming market condition in almost every post he makes...

He cant read....Shakes trades the NOW price...trends have no effect on him......so give the market conditions excuss a bit of a rest

I think we can all take a break for the weekend since we are responsible for bringing to light one of the biggest liars in FF history.

Granted, this thread is much more than a "Lets bring down shakes" "lets challenge every method"

We did find Denvertrader before the Mods closed his account. who knows who else will arise out of shakes ashes.


also my Buy of GBPUSD is finally paying off

hi all..


Yes that support area held firm again...

True that, I think our work is done.

Lol @ the guy complaining about market conditions, they were perfectly fine. I scalped the pip out of it to the tune of 3% on one of the days he claimed were "bad days" . Shakes scam also worked in trends and ranges so it was in the NOW and not lagging like support resistance etc.

He couldnt even scam the pip out of it heh.


EDIT - Any chance of a chart on your thought process on that GU entry, I only had one cable trade all week. One of my favourite pairs.

EDIT - Looks like Shakes is back, you know I almost believe him in relation to what he says.

It must be pretty hard to trade with so many people watching you. I don't know why he got so mad about it earlier. Although it is easy to trade a profit when nobody was there, he had nothing to lose by trading afterwords.

this is a copy of my post and attachments in my shakesfx thread:

---------------------------------------------------------------------------------------------------

Thank you for everyone’s kind words in this matter.

The fact is I can’t trade knowing there is an audience of up to 200 watching...it affects me too much. But even so, with trying to show where I enter and exit trades, chat, drawing, answering emails/PM’s...trying to trade my own account, the fact that I am trying to spend time with the family and not on a Webinar, crappy market conditions yesterday and Wednesday etc....it all adds up to not having a clear head for trading properly. It didn’t work, it’s as simple as that really.

First day B/E after giving back £3K trying to show traders where to enter and exit...Second day finishing at -£200 (0.1%), today up at £226K...off the top of my head I think that is around 2.75% ROI for 3 days.
I said I would post the results tonight, so here we are...

Attachment 1.
Snapshot of start balance of £200,000 as stated by myself and not £223,000 as stated on another thread. £3000 profit was the result of trades witnessed by others on the demo webinar a day or so beforegoing live on Wed. Note the swap payment /time/date and deposit amount/ amount withdrawn to make it easier for traders to follow the 2 lot rules and risk management/money management style. Money was actually removed from the demo account to ensure the start amount was the same as stated in my posts before going live

Attachment 2.
Snapshot of start balance after position entered with swap rate paid for overnight position held.
Note time and date to confirm untruthfulness of claims that I created an account with £223,000...therefore was £3000 pounds down on first day of trading.

Attachment 3 and 4.

Scalping the pip out of it screen shots after I closed the webinar and walked away due to negative responses and untruths being thrown all over the other journal...(I cant actually believe the mods allowed it to happen. Might as well call me a moth*r f*cker and still get away with it? Is that how it works?)

You kinow, I dont trade candles...the candles screenshot was to help some of you see what's going on

I just can’t trade to an audience. No excuse, it’s as simple as that, I can’t do it. I am waiting for perfect setups; I am hesitating before entering and therefore entering late etc. I can trade, so I scalped it tonight without an audience to show you this works.

Attachment 5.
Frantic orders over the last 4 hours...easy when 200 watchers aren’t breathing down my neck.


Attachment 6.
Black circle shows trade I walked away from when I read the negative responses appearing on this thread and the other. I couldn’t be bothered, threw my toys out of the pram and got on with something else. But, note the "0" loses...this is the part many find hard to believe, but it has been witnessed by many.


Attachment 7.
Account Summary.
Start Balance:
£220,000
End Balance after 3 days:
£226054:39
Total profit £6054:39. Total risk per trade: Normally 0.1%, maximum 0.2%
ROI: 2.75% in 3 days with a 0.1% risk. I average around 10-15% per month as a whole.

As for trading 2 demos as mentioned by the other thread, anyone of the 200 odd people over the last few days would have spotted that.

As for 8000 pips in a month? I cant even be bothered to explain about the difference of say someone with 10 lots making 100 pips in one hour...therefore you say he has a total of 1000 pips a day...30,000 pips a month? OK. Put it into context please. 8000 pips divided bteween 2 lots, this has always been clear and is written out very clearly on the first page of this journal as well as in each days trading results. Each lot is listed with the results from each.

Well, I apologise for throwing my toys out of the pram, but there we are.

My "dig" is at certain persons who know who they are...to everyone else have a great weekend.

All the best

Shakes

-----------------------------------------------------------------------------------------------------

Hi...

well not getting into a debate here......everyone saw it LIVE...

The mod's let it go because this is a forum where anyone can have a say....and we did....It would have been very handy for you if the mod's just silence anyone from questioning someone that makes rediculous cliams...

By the way...just curious...you say you manage accounts...where do you do that from...Iraq...reading parts of your other posts you spend about six months there and was still there in Dec ..(based on your christmas post last year ) You mentioned to the other thread that you had to go there to get some money to cover your account while in drawdown....BUT regardless you were posting from there in Dec.


And it was you pushing the live trading the way you did it,....you went on another forum telling them there also about....200 online watching....when was they..I saw 117 thursday...and no idea Friday as you removed the chat...

Hi all..


Well looking at your broker accounts there...

the starting point is obviously a question...

BUT I must say...you are trying to mislead everyone here...

The 220,000 you show is for the 24th the day before the webinar started..

The day of the webinar you added a running profit to the balance so the starting Balance based on your pics....is 222,654

2,654 more than your try to claim...

So, no mention of the post then? No apology? Still stupid remarks....? You are curious? Well I suppose because you are curious I should tell you my whole life story? Maybe you would like to know about the friends I have lost in Iraq? Emm? Maybe I should send you photos of their widows and fatherless children? Maybe you would like to come to the next funeral seeing as you are curious?

Goodbye trolls

Hi all...


Oh so no answer to the question of the previous days running trade (24th).


And again he runs off...

Oh and I am pretty sure....you mentioned you went there to collect some danger money for working there....not the reason your claiming here...

The day before the Webinar 15 people were asked to join and see if it was working proplerly. The trade had been placed and was witnessed. If you dont believe me, find one of the 15 (which is all the software allows into a Webinar "Meeting" as opposed to a full webinar.) Did you read the posts in my thread talking about this? Would you like another screen shot of the balances? Does it matter? There will always be something alse you will ask or query.

As for Iraq, I didnt realise we were going to get political and personal, but seeing as you brought it up, I looked after Coalition forces as a private security contractor.