Forex Price Action

[jadd806]

How does this really help them and how would tricking a few price action traders help?

It helps them by minimizing slippage. Submitting a large enough order will eat through all of the ask prices and move the market. When you have a lot of orders bunched up in one place you will get more fills at that price, thus minimizing your average cost.

It isn’t rocket science, and it isn’t cheating. Everybody knows that your entry order is at the high or low of the price action signal, and everybody knows that your stop is at the swing high/low.

I will probably be banned from this thread for saying this, and it’s been mentioned in the past (I think a couple months ago most recently). This method does not work long-term. I regretfully wasted my money on this course. There is a reason why neither Johnathon nor anybody else here can post an account statement showing their profits over a span longer than a few months - they simply don’t have it. You’re a complete and utter pipe dreamer if you think Forex is this simple.

It’s not “a few price action traders”. Tons of traders are doing this. This method is [I]not[/I] Johnathon’s invention. He ripped it almost rule for rule from a guy who goes by the name james16. He has a PA thread over on Forex Factory, and james16 is the father of the “freebie thread on a newbie forum, and then you have to pay for more content” set-up. Everybody else like Johnathon and Niall Fuller just hopped on the train to copy him after seeing how much money the guy raked in.

Everything here is perfectly set-up so that you fall for the pitch. The “2% per trade” rule is the bread and butter. By risking small percentages of your account, you will undoubtedly end up in a positive statistical deviation at some point. Go to a blackjack table and you will see the same thing if you play with perfect basic strategy (house edge .5%). You will fluctuate between -25% and +25% bankroll. The newbie will attribute this to skill (and then buy the course), when in reality it’s just statistics. Over the long run you lose to the house edge, or the spread in this case, because you have no edge.

I’ll admit it, I fell for it too. I’m not proud of that fact. But ask yourself - if a method as simple as this worked, wouldn’t it already be done to death by bots on Wall Street until it no longer worked?

The [B]only[/B] way to beat the market is to exploit a pricing inefficiency. Once that inefficiency gets out to the masses, it’s done for. Consider: arbitrage, or the January Effect. Inefficiencies are a closely guarded secret of real professional traders. Of course, Johnathon doesn’t have to protect his system because I guarantee you that [B]he does not actually trade this method.[/B] Sure, he looks for them on the charts to post them here. But I guarantee he does not take the trade, because he knows the method doesn’t work.

I challenge anybody to refute this with a [B]statistically significant[/B] number of trades taken with this method that proves there is an edge. I guarantee nobody will be able to do so and I will be banned from the thread for laying this all out. It took me a while to piece it all together, and it is really all very clever. But once the wool is pulled away from your eyes you can see it.

[buster48]

It helps them by minimizing slippage. Submitting a large enough order will eat through all of the ask prices and move the market. When you have a lot of orders bunched up in one place you will get more fills at that price, thus minimizing your average cost.

It isn’t rocket science, and it isn’t cheating. Everybody knows that your entry order is at the high or low of the price action signal, and everybody knows that your stop is at the swing high/low.

I will probably be banned from this thread for saying this, and it’s been mentioned in the past (I think a couple months ago most recently). This method does not work long-term. I regretfully wasted my money on this course. There is a reason why neither Johnathon nor anybody else here can post an account statement showing their profits over a span longer than a few months - they simply don’t have it. You’re a complete and utter pipe dreamer if you think Forex is this simple.

It’s not “a few price action traders”. Tons of traders are doing this. This method is [I]not[/I] Johnathon’s invention. He ripped it almost rule for rule from a guy who goes by the name james16. He has a PA thread over on Forex Factory, and james16 is the father of the “freebie thread on a newbie forum, and then you have to pay for more content” set-up. Everybody else like Johnathon and Niall Fuller just hopped on the train to copy him after seeing how much money the guy raked in.

Everything here is perfectly set-up so that you fall for the pitch. The “2% per trade” rule is the bread and butter. By risking small percentages of your account, you will undoubtedly end up in a positive statistical deviation at some point. Go to a blackjack table and you will see the same thing if you play with perfect basic strategy (house edge .5%). You will fluctuate between -25% and +25% bankroll. The newbie will attribute this to skill (and then buy the course), when in reality it’s just statistics. Over the long run you lose to the house edge, or the spread in this case, because you have no edge.

I’ll admit it, I fell for it too. I’m not proud of that fact. But ask yourself - if a method as simple as this worked, wouldn’t it already be done to death by bots on Wall Street until it no longer worked?

The [B]only[/B] way to beat the market is to exploit a pricing inefficiency. Once that inefficiency gets out to the masses, it’s done for. Consider: arbitrage, or the January Effect. Inefficiencies are a closely guarded secret of real professional traders. Of course, Johnathon doesn’t have to protect his system because I guarantee you that [B]he does not actually trade this method.[/B] Sure, he looks for them on the charts to post them here. But I guarantee he does not take the trade, because he knows the method doesn’t work.

I challenge anybody to refute this with a [B]statistically significant[/B] number of trades taken with this method that proves there is an edge. I guarantee nobody will be able to do so and I will be banned from the thread for laying this all out. It took me a while to piece it all together, and it is really all very clever. But once the wool is pulled away from your eyes you can see it.

jad806 shouldn’t be banned from the site Jonathon for we’re all adults and looking at various opinions helps us grow as traders ,while I may not or may agree with him is another matter, good for him for stating his opinion.

[rocky123]

It helps them by minimizing slippage. Submitting a large enough order will eat through all of the ask prices and move the market. When you have a lot of orders bunched up in one place you will get more fills at that price, thus minimizing your average cost.

It isn’t rocket science, and it isn’t cheating. Everybody knows that your entry order is at the high or low of the price action signal, and everybody knows that your stop is at the swing high/low.

I will probably be banned from this thread for saying this, and it’s been mentioned in the past (I think a couple months ago most recently). This method does not work long-term. I regretfully wasted my money on this course. There is a reason why neither Johnathon nor anybody else here can post an account statement showing their profits over a span longer than a few months - they simply don’t have it. You’re a complete and utter pipe dreamer if you think Forex is this simple.

It’s not “a few price action traders”. Tons of traders are doing this. This method is [I]not[/I] Johnathon’s invention. He ripped it almost rule for rule from a guy who goes by the name james16. He has a PA thread over on Forex Factory, and james16 is the father of the “freebie thread on a newbie forum, and then you have to pay for more content” set-up. Everybody else like Johnathon and Niall Fuller just hopped on the train to copy him after seeing how much money the guy raked in.

Everything here is perfectly set-up so that you fall for the pitch. The “2% per trade” rule is the bread and butter. By risking small percentages of your account, you will undoubtedly end up in a positive statistical deviation at some point. Go to a blackjack table and you will see the same thing if you play with perfect basic strategy (house edge .5%). You will fluctuate between -25% and +25% bankroll. The newbie will attribute this to skill (and then buy the course), when in reality it’s just statistics. Over the long run you lose to the house edge, or the spread in this case, because you have no edge.

I’ll admit it, I fell for it too. I’m not proud of that fact. But ask yourself - if a method as simple as this worked, wouldn’t it already be done to death by bots on Wall Street until it no longer worked?

The [B]only[/B] way to beat the market is to exploit a pricing inefficiency. Once that inefficiency gets out to the masses, it’s done for. Consider: arbitrage, or the January Effect. Inefficiencies are a closely guarded secret of real professional traders. Of course, Johnathon doesn’t have to protect his system because I guarantee you that [B]he does not actually trade this method.[/B] Sure, he looks for them on the charts to post them here. But I guarantee he does not take the trade, because he knows the method doesn’t work.

I challenge anybody to refute this with a [B]statistically significant[/B] number of trades taken with this method that proves there is an edge. I guarantee nobody will be able to do so and I will be banned from the thread for laying this all out. It took me a while to piece it all together, and it is really all very clever. But once the wool is pulled away from your eyes you can see it.

[B]I totally agree with every single word said by jadd, this is a true clear fact. it is all very correct. Jonhathon never trade this system, he makes his money by teaching some blind people. I challenge Johnathon or any one else in this thread who can show us a constant profitable live account over past 12 months. I am 100% sure that no one will ever do, and this is the solid proof for all of you guys reading this thread. [/B]

[Kasravi]

[B]I challenge anybody[/B] to refute this with a [B]statistically significant[/B] number of trades taken with this method that proves there is an edge.

Hi Jadd,

I always admire your neat writing skills and above all you are a clever and nice lad. That’s what I think of you personally.

Last year I decided to dedicate my time more to this thread and made robust studies into Johno’s credibility. Here is my post it might not change your mind but might shed some light: Results

Best

[jadd806]

Hi Jadd,

I always admire your neat writing skills and above all you are a clever and nice lad. That’s what I think of you personally.

Last year I decided to dedicate my time more to this thread and made robust studies into Johno’s credibility. Here is my post it might not change your mind but might shed some light: Results

Best

Thanks for the compliments. I do think you were on the right track with back-testing, but 30 trades is not near a large enough sample size.

I do think the absence of forward tested results from anybody here really speaks for itself though. If Johnathon really was successful with this method then he would be using those results to help market his course.

When it all boils down, if a method that is being sold actually works then it would not be being sold. It is simply illogical to sell a system with an edge for $300 when the very act of more people trading a system dulls the edge. That is not subjective, it is how the market works.

If it really were this easy to beat the market… Why would Wall Street hire PhD holders in quantum physics and applied mathematics to generate a few measly percentage points higher returns than the S&P 500 every year?

I kept quiet for a while, debated posting this, and just kind of took it as a lesson learned by the over-eager newcomer that I was when I bought this course. But every time I saw the thread pop up, I would get a little more disgusted when a newbie was swindled in here.

Some of the stuff made no sense in the beginning. Like only using the Daily charts. That should not matter since the markets are fractal. No chart generates “more reliable” signals. But then I put it together. Just another clever piece of marketing to keep people on the hook and prevent them from getting a large enough sample size of trades to see that the method does not actually work before they get impatient and decide to pony up for the private course.

[buster48]

[]

Once again jadd806 has posted an intelligent view and shouldn’t be banned for his opinion this is what learning from others is all about,only fools listen to only one side of an argument and if johnathan is genuine I’m sure he’ll answer and do the honourable thing by not banning anyone who questions his teachings.

[jadd806]

Thanks Buster. Unfortunately I will be banned, as has happened to everybody in the past who has pointed out what’s really going on here. Although I think I see the picture more completely than they did. I don’t want anyone who enjoys posting in this thread to side with me, or you will likely go down with my ship.

The way of the world is for those who do injustice to quash the voice of any who bring their wrongdoings to light. This time shall be no different.

I will be banned from the thread, this will be glossed over by Fox with some pretty words (but no real substance or proof of results), and in ten pages people will be back to posting set-ups and contemplating buying the course.

Oh well. If I can make a few people [I]think[/I] and question what they really see here before I am silenced, then it was worth my time.

[Libertysilver]

He should be banned .

[Teachme]

[QUOTE=“Libertysilver;637319”]He should be banned .[/QUOTE]

There are not many Honest writers like Jadd. I will encourage him to write more and people who have very close mind and can not act with maturity should be banned. Thanks Jadd for opening our eyes

[semmee]

Thanks Buster. Unfortunately I will be banned, as has happened to everybody in the past who has pointed out what’s really going on here. Although I think I see the picture more completely than they did. I don’t want anyone who enjoys posting in this thread to side with me, or you will likely go down with my ship.

The way of the world is for those who do injustice to quash the voice of any who bring their wrongdoings to light. This time shall be no different.

I will be banned from the thread, this will be glossed over by Fox with some pretty words (but no real substance or proof of results), and in ten pages people will be back to posting set-ups and contemplating buying the course.

Oh well. If I can make a few people [I]think[/I] and question what they really see here before I am silenced, then it was worth my time.

I know PA is like saying to the big guys “Here look. This is where I’m placing my stops”. Even if the brokers dont know through non dealing desks, its almost too easy to know where the price action traders mind is when you look at a chart. It’s just too easy. That’s why everyone complains about “My stop got hit AND THEN IT MOVED MY WAY” That gorgeous pin you see is being seen by everyone. Even the big guys and they want to stop you out to get the best deal they can. That I know. That I think everyone knows if you’ve truly looked into the forex world. C’mon if you’re really into this stuff, you’ve questioned everything.

However, the “big guys” are not one entity. I believe they’re groups categorized into 4 major banks with CITI holding the highest volume. Just google this stuff, real easy. That does not mean they all work together. They make deals with each other (great youtube clip online just search forex. Again, don’t be lazy do some research) but that doesn’t mean that it all goes according to plan. Sometimes it works, and sometimes, it just doesn’t.

Supply and Demand or Support and Resistance work. PA works. Just know that some signals are easy to wreck and some are not. People just take this too literally and go into the 1HR or 4HR and assume S/R and PA is all powerful. Sure when it’s on the Daily Weekly or Monthly coupled with other factors. Use that S/R with a 1HR pin and all it takes is a few hundred million (easy for banks) for that to be moved against you, especially when that 1HR pin looks like child’s play on the Daily time frame. It’s about the volume needed to go against a defined S/D area. Not the reliability of the signal. This is where it’s easier for the big guns to wreck your stops. Think about it. Is it easier to wreck a PB stop in a 1HR or Daily? Think of the volume it would take to move against a pin with firm S/R on the daily compared to the 1HR. A few hundred mill will kill your PB or EB on the 1HR but you would need a couple billion to move against a Daily PB of considerable size on a support level being tested by the world. Don’t forget private banks are not the only “banks” or “Big Guns” in play. There are many “BIG” players and to assume they all are working together is like world peace. Even they get into “fights”.

I don’t follow conventional rules. I am a Contrarian at heart. I dont play this BS 2% rule. I don’t care about R:R (again, people use R:R like it comes with immediate results. Factor in time to your R:R). I use volume and slow stochastics. I use a 200 EMA. I place my S/R lines at exact Round numbers. I play all sorts of other formations and patterns. I don’t follow the 1-2-3 trend. I eyeball it. I don’t care about correlations. Everything’s f**king correlated. I view the long term trend as objective and PA as subjective. Confusing I know.

Basically what I’m saying is this. This place was just a start for me. It was a great start. That’s why I check this thread from time to time. I never know when I’ll learn something new. I learned that there are many other perspectives and certain things just happenned to fit me. You have to explore. These are the tools I use, but one I will never leave out is basic PA. Don’t take everything literally. Just let it fall into your personality and mold yourself as well as your own system. Just remember that the markets are Money. It’s not PA or patterns or time frames. It’s all about Money and making more money.

I’m not sure how more people using the same trading system dulls the edge in itself (forgive me I may be stupid and not understand that aspect) Also it sounds like you’re talkin about HFT’s or algo traders, that of which got a lot of uneccessary attention recently but nevertheless havent been doing so well either in the trading world. Also look at how professional traders trade. Lots of videos online look it up. They risk 50 mill to make a measly 50k in a few minutes. There’s your tiny 1% hedgefund algo gain per month. Also (sidenote) when people complain "why does he sell stuff when hes making all this money through trading). You don’t want more money? Cmon be serious. Why are we all here. It’s because of money. Why not take a stab at making MORE money.

Oh and I don’t think it warrants a ban I might get banned but who cares. This does not mean my trading has been suddenly halted. My thoughts are all over the place. Your method of trading is yours alone and yours alone to construct. Nobody else will know you better than you and nobody will help you on this road.

Stay Classy:)

[Libertysilver]

[QUOTE=“Teachme;637329”] There are not many Honest writers like Jadd. I will encourage him to write more and people who have very close mind and can not act with maturity should be banned. Thanks Jadd for opening our eyes[/QUOTE].

Lol.

If only you knew but okay .

I still question my self to why some one who is completely against forex and thinks it’s a scam and impossible to earn money when others are earning everyday continue to post
And give there opinion like he’s states plenty of times on many threads that forex is a waste of time . And yet he continues to waste his time posting about forex .

[buster48]

two good intelligent posters on here now (as well as others of course)who it would be sad to lose,jadd806 and semmee we can all learn and we should, and you heard forex was simple did you, !!! yeh right

[buster48]

.

Lol.

If only you knew but okay .

I still question my self to why some one who is completely against forex and thinks it’s a scam and impossible to earn money when others are earning everyday continue to post
And give there opinion like he’s states plenty of times on many threads that forex is a waste of time . And yet he continues to waste his time posting about forex .

Did he say its a waste of time or just the basic method should be incorporated with your own twiddles to make a workable system as did semmee, Cant agree about the ban though mate I saw a thread the other day where the guy was banning every man and his dog if their opinions differed from his , he didn’t last long after that, cheers buddy.

[Libertysilver]

No he said waste of time everybody who trades is a smuch looser is is under in a illusion from there broker basically .

[Libertysilver]

I would love baby pips to ban me
Especially if it’s for shutting up this guy. honestly this site is full of rubbish , honestly , look around you

This site is meant for helping people get started really

Not one successful trader I know , uses any fourm or anything to chat to people for what …

Usually most people are gone after 2 years anyway ,
They usually don’t have the proper mind set to continue , making money on forex is very easy

In the 1980s trading legend Richard Dennis taught a group of people with no trading experience to trade in just 14 days.

They were a diverse group including- an actor, a security guard and female auditor but after 14 days this group were given trading accounts and went on to make $100 million dollars in 4 years!

The system he taught them was essentially simple so simple in fact that anyone could learn it but he gave them something more - He gave them the mindset to succeed and instilled rock solid confidence and discipline in his pupils.

He knew that giving a system was not enough - he needed to give them the mindset to succeed.

So if there is one thing you need to learn from your forex trading education its forex trading is simple to do but you need to have the right mindset to turn potential in profits.

[buster48]

I would love baby pips to ban me
Especially if it’s for shutting up this guy. honestly this site is full of rubbish , honestly , look around you

This site is meant for helping people get started really

Not one successful trader I know , uses any fourm or anything to chat to people for what …

Usually most people are gone after 2 years anyway ,
They usually don’t have the proper mind set to continue , making money on forex is very easy

In the 1980s trading legend Richard Dennis taught a group of people with no trading experience to trade in just 14 days.

They were a diverse group including- an actor, a security guard and female auditor but after 14 days this group were given trading accounts and went on to make $100 million dollars in 4 years!

The system he taught them was essentially simple so simple in fact that anyone could learn it but he gave them something more - He gave them the mindset to succeed and instilled rock solid confidence and discipline in his pupils.

He knew that giving a system was not enough - he needed to give them the mindset to succeed.

So if there is one thing you need to learn from your forex trading education its forex trading is simple to do but you need to have the right mindset to turn potential in profits.

Yeh I have seen that liberty I think it was the turtle system or something so have to have another look, I’m sure Jonathon wont ban us all, he’s an intelligent guy ,and knows some of us are thinkers and not lemmings(well hope he does,)if we all get banned it would prove a point, I’ve learnt a few good things from people on here and will continue to watch and post (if we don’t get banned)we’re all still learning even Jonathan.

[ziggy25]

I know PA is like saying to the big guys “Here look. This is where I’m placing my stops”. Even if the brokers dont know through non dealing desks, its almost too easy to know where the price action traders mind is when you look at a chart. It’s just too easy. That’s why everyone complains about “My stop got hit AND THEN IT MOVED MY WAY” That gorgeous pin you see is being seen by everyone. Even the big guys and they want to stop you out to get the best deal they can. That I know. That I think everyone knows if you’ve truly looked into the forex world. C’mon if you’re really into this stuff, you’ve questioned everything.

However, the “big guys” are not one entity. I believe they’re groups categorized into 4 major banks with CITI holding the highest volume. Just google this stuff, real easy. That does not mean they all work together. They make deals with each other (great youtube clip online just search forex. Again, don’t be lazy do some research) but that doesn’t mean that it all goes according to plan. Sometimes it works, and sometimes, it just doesn’t.

Supply and Demand or Support and Resistance work. PA works. Just know that some signals are easy to wreck and some are not. People just take this too literally and go into the 1HR or 4HR and assume S/R and PA is all powerful. Sure when it’s on the Daily Weekly or Monthly coupled with other factors. Use that S/R with a 1HR pin and all it takes is a few hundred million (easy for banks) for that to be moved against you, especially when that 1HR pin looks like child’s play on the Daily time frame. It’s about the volume needed to go against a defined S/D area. Not the reliability of the signal. This is where it’s easier for the big guns to wreck your stops. Think about it. Is it easier to wreck a PB stop in a 1HR or Daily? Think of the volume it would take to move against a pin with firm S/R on the daily compared to the 1HR. A few hundred mill will kill your PB or EB on the 1HR but you would need a couple billion to move against a Daily PB of considerable size on a support level being tested by the world. Don’t forget private banks are not the only “banks” or “Big Guns” in play. There are many “BIG” players and to assume they all are working together is like world peace. Even they get into “fights”.

I don’t follow conventional rules. I am a Contrarian at heart. I dont play this BS 2% rule. I don’t care about R:R (again, people use R:R like it comes with immediate results. Factor in time to your R:R). I use volume and slow stochastics. I use a 200 EMA. I place my S/R lines at exact Round numbers. I play all sorts of other formations and patterns. I don’t follow the 1-2-3 trend. I eyeball it. I don’t care about correlations. Everything’s f**king correlated. I view the long term trend as objective and PA as subjective. Confusing I know.

Basically what I’m saying is this. This place was just a start for me. It was a great start. That’s why I check this thread from time to time. I never know when I’ll learn something new. I learned that there are many other perspectives and certain things just happenned to fit me. You have to explore. These are the tools I use, but one I will never leave out is basic PA. Don’t take everything literally. Just let it fall into your personality and mold yourself as well as your own system. Just remember that the markets are Money. It’s not PA or patterns or time frames. It’s all about Money and making more money.

I’m not sure how more people using the same trading system dulls the edge in itself (forgive me I may be stupid and not understand that aspect) Also it sounds like you’re talkin about HFT’s or algo traders, that of which got a lot of uneccessary attention recently but nevertheless havent been doing so well either in the trading world. Also look at how professional traders trade. Lots of videos online look it up. They risk 50 mill to make a measly 50k in a few minutes. There’s your tiny 1% hedgefund algo gain per month. Also (sidenote) when people complain "why does he sell stuff when hes making all this money through trading). You don’t want more money? Cmon be serious. Why are we all here. It’s because of money. Why not take a stab at making MORE money.

Oh and I don’t think it warrants a ban I might get banned but who cares. This does not mean my trading has been suddenly halted. My thoughts are all over the place. Your method of trading is yours alone and yours alone to construct. Nobody else will know you better than you and nobody will help you on this road.

Stay Classy:)

I still dont understand how the “big players” gain by placing a large order just to trigger your order/stops. How exactly does this benefit them? Are they not loosing money by placing this big order?

[ivanyo]

I still dont understand how the “big players” gain by placing a large order just to trigger your order/stops. How exactly does this benefit them? Are they not loosing money by placing this big order?

I’m not necessarily saying Price Action doesn’t work, but my understanding is that they can make that money back many times over by taking out your stops (allowing them to enter at a better position and therefore more profits)

e.g.
Trader 1 wants to go long at 1.00
TP at 1.5
SL at 0.9

Institutional Trader 1 wants to go long as well.
Institutional trader will sell/manipulate to take out your 0.9 stop.
Now they can place max lots to go long from 0.9 -> 1.5

They made thousands/millions - you are sitting there contemplating what could’ve been because your SL was hit but the trade went in your way.

[ziggy25]

ah ok i get it now, all they are doing is spending a little to bring the price down so that they can make a lot more as a result of the lower price. Thanks for clarifying.

[tonyro44]

Hi everyone now i am doing my research before the opening. On the subject of S/L , i do mental stops when ever i can because i don’t trust the brokers and the BIG BOYS. Just my 2 cents.

ah ok i get it now, all they are doing is spending a little to bring the price down so that they can make a lot more as a result of the lower price. Thanks for clarifying.