Scalping For A Living & Proven Strategies - Jean-Francois Boucher | Trader Interview
ฝัง
- เผยแพร่เมื่อ 26 มิ.ย. 2024
- In this Forex trading video, Etienne sits down with Jean François Boucher and talks about the art of scalping for a living. Learn the importance of timing and managing risk, spreading trades, and floating drawdowns.
Chapters:
00:00 The Art of Scalping for a Living - Jean François Boucher
04:05 Support and resistance levels
09:50 Selling when it's expensive
15:00 Fixing the drawdowns
22:08 Trading the next move
25:13 Managing exits
26:00 Managing risk and spreading trades with boxes
27:55 Trading probabilities and anticipating future moves
29:21 Managing bias and trading within a time window
30:43 Clear exit strategy and knowing when to stop
43:58 Consistent small profits and learning from mistakes
50:39 Where to find Jean Francois Boucher (link below)
#desiretotrade #forextrader #traderinterview #scalping
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Jean Francois Boucher's website: jasperforex.com
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You are doing an amazing job, Etienne by finding and bringing great personalities like him for the interviews. One such a gem is JF. Man this guy is a philosopher and love listening to him speak spontaneous with such a simple approach with great wisdom. What an inspiration we get from this guy!! Also, your way of interviewing them is way better than many as you allow them to speak completely. I have become your fan now. LOL. You have lot of patience listening and asking right questions with no rush. Keep up your good work!!!👏👏👏💚
Good Lord!!! This Man just gave me a career!!! Thank you so much for this content ❤❤❤❤
That's awesome!
I have lots of respect for Jean but his strategy forces you to risk a huge portion of your account similar to Apiary fund and trade the fund.
Love it sir❤❤❤ saya rasa kita memiliki frekuensi yang sama tentang scalping. Kerja yang sangat luar biasa. Salam from Indonesian
How has this strategy been going?
What specifically did you takeaway from this strategy that has you so excited?
I have come to realize that trading is very personal. Scalping is not new, but JF Boucher's style of scalping is refined to suite him. He has redefined his own method.
Thanks Etienne for interviewing him a third time. I love JFB and this is very close to the way I trade. Please in a few weeks/months have him again in your podcast...after all he gave the channel the highest. ..:)
Will do!
So essentially, his exit strategy involves averaging down on a losing trade in the hopes that the stock will decrease enough for him to exit the trade successfully. It's essential to have a sizable account to support this strategy. Good luck, and keep me posted on how it goes!
One of the most inspirational people! Jean Francois Boucher, all love and respect
this is sooooooooo funny, because on my demo where I set sometimes no SL or a very big one with less risk or swing trade, I win most of the time, sooner or later the trades get in my favor, hit tp. but reality, with tighter SL or bigger risk or whatever, I lose.
if I let the trades flow, it works out. if I care about SL I have more losses.
i am so happy finally someone is talking about. never heard people discuss this.
But the very few times you do lose (because losses are inevitable), won't you lose a detrimental amount, like days to weeks worth of profits?
Fr man. This is next level shit
@@awa3245, yes, you would, which is why cost averaging and adding money to bad trades is a piss poor strategy.
@@markl431 exactly. i know it "works" for some...but watching this video made me itch lol. I don't DCA... look at how much extra work jeez. most of my days are one and done with a good setup.
@@Buu7899, good for you! For the life of me, I will never understand why traders would stay in a setup that clearly reversed against them. It must be the: I would rather be right than make money attitude.
What is the word. "martingale" and deep pockets.
JFB’s legendary strategy right here. Amazing.
Gotta agree! Thanks for watching!
The cash register analogy... Awesome! Merci Beaucoup!
Glad you liked it!
Today was the first time I was able to understand and make money on the way and on the pull back learning the support and resistance is HUGE
hey I just want you to know, Jesus is real and He loves you and died for you. 🤍
Great interview - this guy's style is fascinating
Thanks so much for the info, you are looking so well!
Priceless 😮
I want this guy to read me bedtime stories 😂
Thanks for another interview with him Etienne! Jean's awesome!
As for drawing boxes, personally I edit my own Fib Retracement tool, that way the whole chart is mapped out quickly 👌
My main take away from this is “risk”
He’s found a way to silence the noise in his human brain with his style of spreading his risk across the board.
Is this a form of hedging? This is by far the most interesting approach to risk/ trade management I’ve ever seen
This isn’t even trading, it’s really art
It is kind of a grid
sport rather
Yeah, 1 loser will take out 10 or more of your winners. Why don't you try this in real life and see what happens.
notice towards the end when he talks about how many clicks he needs to do to pay off the dishwasher he bought. He doesn't want to push his luck at the casino... 20 clicks per day. Im sure this would be okay with smaller amounts of money. but I will say a lot of prop firms wont allow DCA for a reason.
its an art of gambling based off probability. where as most other successful traders do not trade this way.
I like this guy, thx for the upload.
A very interesting approach, many thanks!
Glad you liked it!
One of the golden rules in trading seems to be "never average down". He does it on purpose.
Whenever you hear these “common rules” in trading, you can always find someone trading profitably doing the opposite… from my experience.
I was trading in a very similar way in a demo account, with way less risk management. I had the balance up to 80k from 50k in a couple days trading MNQ, and blew it up because I didn't know where to stop selling into a short to get my average position up.
Besides not managing the risk, I was exiting my positions on a first in first out basis that would result in the initial closing of positions being losses, but still the current price was usually on the right side of my average position price when I started closing positions.
Like he said it's a fun way to trade. When the price starts working in your favor you get to hit the button a bunch of times each for profit. As opposed to committing to hitting buy once and sell once and the pressure that comes with timing it right.
Not gonna be efficient with per trade fees and commisions though.
Glad to see Jean-François is doing well and back on your show, loved his last one with you!
More to come! Glad you liked it!
Fascinating! I like how he applies logic to the markets and like the way he engineered an exit at be if trades go against you. Great stuff!
Glad you enjoyed it!
Why is it on a Demo account?
Brilliant...the institutions target day traders stop losses for equity. In volatile market I do the same and target these ...
This is good one for even experienced traders like myself❤❤❤
I've learned for myself that scalping pretty much requires an investment of time spent on the chart, much like a job, from x time to x time. I scalp for an hour. The swing trading, that's easy, pop in an out. Five minutes or less. I find both trading styles fascinating.
Great interview! I enjoyed the detailed breakdown of the strategy
I’m glad that was useful!
Appreciate you big dawg 😎
I would love an in depth look at he he would create a box for MNQ! Please have him back on and go thru that process more. Grateful you both
Thank you guys I'm trading to break away from being poor. This info is life saving
Excelent vídeo. Blessings from Puebla, Mexico. 🇲🇽🇲🇽🇲🇽
"3" pip target, means he's not willing to take losses... .... allowing "36" pip drawdown..🤨
It seems like a solid way to generate extra income, but I wonder how it would affect one's portfolio in the long run.
I use a strategy very close to this since 2018, fx and derivatives. Thank you for the content Etienne.
Glad that was useful!
daytrading the euro is like watching paint dry
This is exactly what I needed to hear. I go into panic mode when I go into drawdown and these TH-camers who don’t trade pounded in my head to cut my losses. As soon as I exit it almost always goes back to my entry and a lot of times goes to my target without me. Only average in if you go small size though
Be careful about this, but you can always experiment :-)
patience and mindset. know that you always have the potential to lose. either improve your entrance or stop loss. years ago drawdown used to freak me out and Id chicken out earlier a lot of the time before my stop loss was hit. only to find out the trade went in my favor 75% of the time or more. and if the drawdown is too much for your account then you have entered with too big a size. hope this helps.
Good stuff there is a million way to make money in the market it's unbelievable .
He build his own grid system with his own logic :). Nice
Similar thoughts here.
👍 I love watching this guy. 😅 I always wonder why he never uses moving averages to determine trend direction. Then scalp the prevailing trend. One less thing to calculate.
Welcome back
hes a real character
Totally!
Great interview
Really helped, joined the dots
Thankyou
Great to hear!
If you have 4 boxes and the trade goes against you in the first box to the fourth box, isn't way more than 4 percent of your account at risk. The draw down into stop out would be massive, wouldn't it?
Yes it would be. He's basically advocating to continue adding to a bad trade while he's hoping and praying for the bad trade to turn around and give him a large enough move in the right direction. A bag holder mentality.
@@markl431I tinkered with this a bit .2 below price 2 above and added as I went along . Volatility will tell ye where its goin then . ..
he's a living example of a good trader... explaining what he is doing on unpredictable live markets, unlike the rest who is so dumb trying to discuss what they see on a closed market..
lost you at 13.40 when you said avg it . good luck to everyone who wants to follow
This is the best way to trade!!!!!.standard deviation.,.
Interesting concept but you can see clearly in his own charts he is on a demo account. I could understand this while trading during an interview but when he showed his past history that had 100's maybe 1000's of trades these where on a demo account as well even though the lots sizes were small. Perhaps there is a reason for this but he should have made this clear in the interview.
I agree. I appreciate the tactics and strata however please show us the following on a live account.
So those boxes are pretty much ATRs?
Very good eye opener! learn something from it only you says pushing your luck but if the system is everyday repeatable and 90% win rate there is no luck involved right?
Sir this strategy is good, with this are there any possible ways of 90% predicting buy or sell bar, I'm just assuming so
it makes sense when the market is rotational and we know the market is 80% of the time rotational but every once in a while when it's trending, this strategy will be catastrophic. Don't know any successful trader trading like this, risking 10points to get 1 pont.
But he told you he is only risking up to 4% at max exposure. Discipline to stop once your max daily loss is hit is key. 4 out of 5 winning days at your logic.
Then you haven't watched Jean trade. He's taken some big losses but never blows his account.
His risk is always 4%. When he hits a trending market and the trades extend beyond his 4 boxes, he loses at max 4%.
He explains it all in the video.
Catastrophic, = 4% of the account - max drawdown of the strat... If you define the risk % as 36 pips of your lot size = 1% of your account.. (which i think is what he is doing), then catastrophic = max 4%. If 1% of your account is defined as literally 1% of your capital, the max loss is 4% x 36 pips...Still might not kill you - I need to do the maths.
There's a reason why you dont know any succesful trader trading like this lol. he is just managing his loss if and when he loses.
How did he create the box that size?
How does a lossing (spreaded 4%) looks like?
Why the bounce lower in uptrends, isn't it better to take the retracements (take it in anticipation of the bounce back to the trend move)?
Is this the Euro future? What is the instrument and time frame?
I wish we knew what was his account at. We can't even see it and the camera moves to see what he won.
30-40 trades a day?! Wow! I thought the average price boxes is an excellent idea. Not sure I'm on board with the hedging type strategy. Obviously this gentleman is successful with it. I'd have to practice that. Right now I'm doing well with my method. But I am still always learning. I will try the box technique. Interesting. Wonder if it corresponds to Elliot waves and Fib retracements and extensions. Bet it does.
How much leverage does he use?
Most prop firms don’t allow DCA right ?
What broker does he use? He seems to have zero spread on EURUSD, and I would be interested to know what the commissions are per trade, as I usually trade EURUSD but with a 2 pip spread, and that would make this method not so profitable 🤔
He holds MULTIPLE positions in drawdown, up to 36 pips, until they are ALL in profit 3 pips or more. His style only works for him because he is very very good at it.
Anybody could summarise it by step by step. As per my understanding let say imagine as we try in altcoin. If daily spread of a coin is 10 usd. Average move 1 usd. Open for short position starting 101, 101,102,103,104 now 4 position. Current price 102. Close all position at once after immeditely average down the loosing position ? Is it the way?
Jean is a legend...i have been trying to learn dan adapt with his box method...and truly it works...his method really works but i used his method along with my style and it works...how can i contact Jean to learn more?
You can get in touch with John through his website in the description.
I traded similarly to this man 😂😂😂 I thought. I am an alien who does not follow trading norms 😂. 😂.
Isn’t better to just use measured moves?
I see a sellside liquidity grab, then a market structure shift and its going to buyside. You can have your box sir
lmao right!?
Watching the trades in more detail, so he's typically taking just $4 total profit per trade, or up to 16 if he reaches max position size. But repeating around 40x in a two hour window?
Yes, but with his risk factor always at 4%. So when one trade closes, he can open another trade if the opportunity presents. Therefore, the maximum amount of trades can be higher than 4 per box
@@NeonNeuron got you, thanks
his strategy basically is mean reversion just defined with boxes lol.
Why he doesn't use fractals at round numbers? It would be easier. I think the secret here is his hedge logic. It is magic ;-)
If i got that right, he's just lookin for a 3 PIP profit? while initially risking 36 PIPS? I know he manages drawdown as well but pretty crazy initial RR. Really cool seein people who don't have a traditional RR models
You missed the part where he said he entered the trade multiple times over and over again while already in drawdown. Which is something that you should only do if you are 100% certain with your system and your overall risk
@@chinbosschinboss2484 Thanks for the reply. Yeah, i was referencing the points u made & thanks for clarifying. Pretty crazy system but seems to be working for him. 3 PIPS target is crazy tho lol must have been alot of pain in figuring that system out
RR is mythology. Only 3-5 % of traders will be profitable if they are looking for a 1:4, 1:5, 1:6 RR. It is just too difficult for day traders to achieve this RR. You only trade once or twice a week with small profits. You lose 4 trades in a row just to win one. Psychologically, this is unsustainable. This is why 95% of traders burn their accounts.
He trades like the banks do…I think this is the best way to
easy to trade on demo mode
yeah seem to be demo mode. why an experienced trader would do that---
How does he draw that box ?
There is a button in the charting software that lets him drag from one corner of a rectangle to another.
@@ScottHz Im sorry, let me rephrase my question what's the logic behind that box ?
He explained it in a previous interview, from memory he finds the smallest 1/2 hour overnight range and uses that as a single box.
@@Blu376 thanks bro 🤝
The longest range in the Asia session is about the size of the box. For EURUSD, that's roughly a box at 9 pips.
How to try this in crypto?
It's a risk asset as I see it, I only scalp indicies, but in my case I look for buy ops only
So, you're using boxes instead of fib levels? Ok, whatever works 💪
Why does his screen say demo
Probably doesn't want to show his actual account size. Nothing wrong with that IMO.
Trading on a demo acc?
If his strategy is successful, why only 1% increments up to 4%? Why not 2.5% up to 10%?
martingale pro
RICH GET RICHER
If you are adding 1% in each box it doesnt mean you are only risking 4%. You risk 4% on the first box, 3% on the second, 2% on the third and 1% on the last, totalling potentially 10% risk per trade. He either doesnt know basic maths or is fucking with us.
I can't understand Etienne At All and I speak English.
This is unprofitable strategy 😂 it’s profitable only for him pure risk high risk and reward is small
Oh dear, not the brightest of sparks are you? 😂
Ict old version 😂
Broge maybe the next big thing
0x92fb1b7d9730b2f1bd4e2e91368c1eb6fdd2a009
Makes no sense at all. Curious to see the equity curve….
Salam, saya juga pakai rsi sudah 2 Minggu, Alhamdulillah winrate nya tinggi. Profit -+150% , setingan periode (3)apply close, market gold,
Cost averaging as a compensation for poor entry is a horrible practice, especially in day trading. Understand how much you can risk per trade and make sure that your risk is manageable. When you're wrong, get out and the most you can lose is what you risked to begin with. In the example above, the stop above the 4th box is insane. By then, you're up to your ears in losses and praying to God for a drop which may or may not come. With this kind of mentality, you really should be in Casino playing a roulette and doubling your bets every time you're wrong like many gamblers do.
If you think he is cost averaging to compensate for poor entry, then you weren’t listening. Spreading risk out is a type of intelligent diversification, and he is controlling his risk as well as anyone. He clearly explains all of this. If you understand the expectancy equation, then you understand why his 94% win rate gives him the cushion to float this type of drawdown. The occasional large loss is easily recouped by highly regular small wins
@@creativeadvance, what he's doing is the definition of cost averaging. To me, even if the initial entry was good, if the trend reversed, it makes zero sense to continue adding to a bad trade. You're basically left hoping for one reversal to bring you out of hot water that you wouldn't even be in if you exited a bad trade on time to begin with.
That intro made me lose iq points lol
Etienne, my friend, please speak slower 🙏
That's not scalping bro
What is it?
@@hareriti2463it's scalping.
this guy has the worst risk to win ratio I ever seen...36 pips SL and 3 pips profit....crazy. Why not put the SL outside the box, makes no sence at all to put a SL 12x profit
But that means he’s got a very high win rate too.
scalping forces you to use small size, so small wins , thats why this guy looks poor
Poor! He lives in Braff, Canada, in the Rocky Mountains. This is one of the most expensive places to live in Canada and the world! You missed a good opportunity to shut up.
Jesus, some of his logic is truly terrible. Like that of addicted gambler. Not of any sort of analyst. It's gibberish. And his argument for martingaling also doesn't make sense as when he does actually lose it could be quite big relative to his wins. So he's willing to risk 12 to 1 win. LOL. I'd take real care before following this guy. You always should be wary of those who probably make most of their income by teaching. There's a reason for this. But hey, he may be genuine. But if he is, his logic is still flawed and mostly gibberish....And why is this on a demo account lol ?
Hey Mike, I done this for 6 months and I can say it’s 100% legit. I switched to live after I knew it worked. I never really asked the question why he trades demo but I think because it’s linked to prop firm funded accounts. I also get your point about 12 to 1 ratio, but the stop loss is far away because the market generally rotates after 4 boxes (36 pips) so we give time for the market to move to our intended direction. The profit taking is in the 3 pips which when taken can be recycled time and time again (max 4 trades a box). When you get to the end of your trading day you should have loads of winning trades. You can increase your risk to reward if you want to and let runners run, but the aim is to take the 3 pips per trade and get out the market. When things go wrong you also have a time to break even due to how the market works. Anyway I hope you try it. All the best.
Hahaha ah the beauty of trading. So many styles, so many techniques 😉
Ça serait bien qu'il parle en français une bonne fois
All of this is fluff
so sell when you think its the top and add to losers? hahaha im jk but that's terrible advice.
"what could happen next is undetermined " 😂😂😂 but he can explain very well on the charts that he can see 😂
Very similar to how this guy Nick Shawn trades hmmm. You should invite him to your channel @Etienne Crete
hey, i currently live in sydney and im planning to trade fulltime while move to jakarta with my family, where can we chat?
cTrader platform 😊