Secrets To Scalping For A Living - Jean-Francois Boucher | Trader Interview
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- Опубликовано: 17 июн 2024
- In this Forex trading video, Etienne sits down with Jean-Francois Boucher, and they discuss secrets to scalping for a living. Learn how to measure volatility and get an exclusive glimpse of his day's live trade.
Chapters:
00:00 Secrets To Scalping For A Living - Jean-Francois Boucher
00:50 Who is Jean-Francois Boucher?
01:42 What is he up to these days?
03:01 Jean's focus on trading
04:33 Trading strategy effectiveness
08:02 Dealing with fear of loss
09:55 Managing your losses
11:22 MUST WATCH: live trade
12:58 "Action points"
13:08 Average support and resistance
16:40 Framing risk, measuring volatility
19:25 Swing trading expectations vs. Jean's boxes
24:53 Effects of changing his psychology
26:47 The boxes' advantages
29:42 Staying too long
30:32 Playing within your "sandbox" during the day
31:51 Designing your own strategy
34:26 Where to look for strategy
42:07 "Trading what you see" for two hours
48:02 Look for the bounce, not the swing
49:47 Working with probability, not randomness
51:47 "Insurance company" trading style
54:11 Standard deviation in trading
57:05 What the internet teaches everyone about taking losses
58:18 Benefits of trading forex
58:59 Where to find Jean-Francois Boucher
#desiretotrade #forextrading #traderinterview #JeanFrancoisBoucher #livetrading
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Jean-Francois Boucher's website: www.jasperforex.com
Twitter: / jasperforex
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Развлечения
I wish I could be as light-hearted as this guy during trading. He's having a conversation and having fun speaking about his craft, which scalping takes a lot of concentration in the NOW. The whole time he's smiling....I envy this seasoned veteran.
Best quote, " You are invited to dinner, ... you are the dinner."
Scalping, high probability, low risk-reward ratio, saved my life. I've been trading for around 2 or 3 years, and only now am I seeing consistency after trying out many strategies, time frames, assets, and so on. I focus solely on the EUR/USD pair, specifically during the overlap of the London and NY sessions, 1-minute chart for entry, take profit 1:1.7 stop loss 0.9R. Including commissions, my TP is 1.5R, and my SL is 1.0R. The only management rule I follow is moving the SL to breakeven once the RR reaches 1:1.
I've been taking most of days only one trade per day, following the ideas that Jean-Francois is advocating, you have a high probability setup, you win, you take your profits, you exit the casino.
Last 20 trades, 31% breakeven trades, 31% losses, and 38% wins. Excluding the breakeven trades, WR is 55% for a 1:1.5 RR system. Winning frequently greatly benefits one's psychology. Scalping is life.
Quick tip on multiplicating the asian range: you can utilize the Fibonacci retracement tool by setting it to 0, 1, 2,... and -1, -2, -3, and so on. Measure the range with the 0-1 and this is it, it will automatically draw the boxes, providing you with a helpful map. I'm impressed by its effectiveness.
Thanks Etienne and Jean-Francois
Are you measuring time ?
@@traderr784 what do you mean?
@@gomesdiogo Well ....he was using a box to frame price and time ....using the fib tool only price is measured if you get my drift
@@traderr784 Oh, got you.
I use the Asian range daily for reading liquidations, not as my main tool. I tested this projection idea and provided the Fibonacci tip, but I'm not using it in my system, what I do is I analyze price using Linda Raschke's ideas on the daily chart, ICT concepts of Asia range, Asia/London/NY killzone, and with this I have one or few bias for the day (my trade is the ny killzone, retracement in ny of london's move, expecting continuation, but sometimes it reverses, if my daily bias allows, I still can take it to the other side)
Then I use the concepts taught by mentfx of highlighting supply/demand zones (for ICT fanatics, OBs) selected after BOS on the 15m chart and monitoring the 1min chart, looking for a Wykcoff accumulation/distribution that touches the sz/dz/ob to enter
hope this helps
Hello sir Diogo. Have you enrolled to Jean-Francois course the way you exactly trade? I really like your trading strategy. Thank you very much
"Small, achievable, repeatable goals". Great process for building confidence and shifting psychology. A small change, that will make a BIG difference!
Since I found your channel, he's one of my favorite people that you interview. His explanations are like ABC and 123.
"[This industry], you've been invited over for dinner with a big smile, but they never told you that you were going to be the meal" - JFB. Great thing to always remember.
As he said that I read this lol
I love the analogy about predicting the local weather in the short term, vs. long term. This is exactly why I am a scalper!
🔥🔥🔥
He is definitely not the average trader out there, he does what most think is wrong and always bring the “dont fight the trend” etc to the conversation, i need to meet this guy we got same mindset and approach 100% its crazy
I also love that he said “In the last 30 minutes I’ve made 84 dollars”. That’s 160 bucks an hour. That’s what I make in a day at my job. You could make a living like this and not ever have to deal with the psychological hassle of seeing a 2k position size get wiped out overnight.
@@roycesjourney37wow that's awesome that you make that at your day job! Mind if I ask what you do?
Thats only true if you take 2 trades every hour for 8 hours if not then you have to divide that 84 dollars by 8 hours @@roycesjourney37
everytime I used this in testing it works way better as a breakout lol
A true trader and a great teacher. Objective mindset.
Duuuuuuuude awesome to see Jean back on the channel! Etienne, you're a star! As is Jean of course 😂
I love this man. When I first started trading, everyone told me trade the daily chart trade a four hour chart I would be in a trade for a week and a half and end up losing it really took a strain on my psychology.
Jean-Francois Boucher, helped me identify what sort of trading style suits me now I have a direction to focus and work on. Thank you Etienne
Jean-Francois' method really helped me solve a stop dilemma. In scalping I wanted tight stops, but not too tight as we all know. If the trade works for me, which is 80% of the time, price rarely moves more than 2pts (ES), but then there's making it up when I'm wrong. I'm really good at support/resistance, and using those areas as my "boxes" gives me more entry opportunities and much better risk management. I trade 2 contracts presently, 3 tick profit per trade. I forward tested Jean-Francois' method (as I understand it) today and ended up with 93% win/loss and the loss was a whopping 4 ticks, and because of the averaging, the largest win was 2pts, avg time in markets was 3min. SO much less stress than guessing exact entries when there are several good candidates, and taking stops every time the market chose the one I didn't, as I'm holding my breath (I know - breathe, right?). I'm still exact with my entry, and following all my rules for prep and execution, but this one little adjustment was a real eye-opener - I think it is more aligned with what the market actually does because it's not fighting with price.
thank you for your comment Maureen Mabrey, I would like to connect with you to learn your system as I find this really great. are you willing to connect with me for it?
should help me out really much. if yes, I let you my email, pure for trading, nothing else as I am a beginner for a while now, and the guy is absolutely right
Can you elaborate on using support and resistance as "boxes"? Curious how you do that. Drawn on the 1 hour, the 15, the 5? Thanks.
3 tick? Or points?
@@lucimilena1Jean got courses, maybe u can go there
Wow this totally blew my mind. Thanks for this amazing video.
Also, congrats on 100k subs Etienne, your channel easily deserves millions more!
Much appreciated! Always my pleasure to help!
I'm officially obsessed with this channel!💞💚
I’m glad to hear that! If I can help in any way, don’t hesitate to let me know!
This guy is Living legend..thanks for the video..please schedule another one
I remember this guy. if im not mistaken he came from apiaryfund. Try to search "trade the fund" they're using the so called "the wobble technique"
@@jenarch25 it's close to the 'wobble ' but not quite - it's an adaptation and YES I'm still a Funded trader with the ApairyFund.
Thank you Jean and Etienne
Don't forget to like the video, guys! This content is free and priceless!
Brilliant, thank you very much guys.
Jean Francois is an individual who is very in touch with who he is as a trader - brilliant !.
You are the only consistent guy in the trading RUclips realm
I appreciate it!
He’s great. Love him 😊
This is so helpful, I think I’ve found my trading style thanks to Jeans pro tips
That’s awesome!
I learned the hard way that though currency trading is intuitive, it's not "normal" intuition. Scalping this way is exactly that: a non-intuitive approach that becomes totally intuition driven based on experience in changing the way that you look at the information you're making decisions on. Great stuff and well explained.
Great video Sam , much appreciated.
This is GOLD. ❤❤❤
I love this psychology! Never have understood people who stay at the tables when they are losing! Know when to fold em! :).
Jeeeean yes! In my limited time learning to trade (course I'm on teaches range trading 💪 been several months now) I've also come to the conclusion that price only ever ranges, all it does is move from one to the next. A "trending day" is simply price moving to the next range, or another above/below the next,but it will end up in a range that can be mapped out prior.
I came across an indicator for TradingView called "Balance Zone Extension" told to use a fixed range volume profile to map a high/low of a range, input them into the indicator and, voilà. You have the chart mapped out... Price ranges, and ranges... 😂
This one works. You just have to manually input the bottom and top price. But once you found the st deviation, it works like a charm
I really like your measuring cup in the kitchen. :)
it will help me a lot.
thank you.
thank you so much sir for all those vids i discovered you maybe a years ago and i almist finished watch everything you ever published, being a scalper this particular guy is very interesting to me even if my systeme is very different...but his mindset fit mine, i just cant swing trade, even day trade is too slow for me...swing trade i was bad but i lasted alot longer in day trade because i didint loose money, won a little. once i started scalping i became so much more happy and money poured in.
for me 3-4 pips is a big trade lol. i make 8-16 pips in the morning and i close shop. iknow you and many other know so much more than me, but me personaly that the best i can do, it work for me.i love routine nd there is nothing more routine-y than scalping. i wish i went this way rigth at the start i would have saved 4 years
Glad to hear you found what works for you. Keep crushing it! 📈
Life changing video for me, seriously great words from Jean-Francois Boucher.
I’m glad to hear that!
Some great points made in this video 🤘🏼
I’m very glad you liked it!
Thank you for all the great videos.
Thanks for always watching!
good to see this man healthy again, what a great trader and character he is !!!
WOW this is the most valued advice and easy and possible to achive.
Thanks for sharing to both of you.
Glad it was helpful!
This is a more refined way of how I trade… amazing insight
Glad to hear! 👏
I'm really getting acquainted into this -ve RR high probability strategy. Well done.
best skill i ever learned.
Useful video and a real trader also, good job.
Thanks for bringing such an amazing guest,
Glad you enjoyed it!
JB is a great person I'm glad to see you are doing well
Keep up the great work
Thanks, you too!
Good to see you in good health and spirit's my friend
The thing I like about this interview is ..... the emphasis of the psychology of his trading style. A rigorous risk management approach being the key, not liquidating his gains in a few trades ...... . Forex is a monster, and fractal leveraged trading that has the event driven loss that can be ..... very hurtful. There are times that even strict risk management does not work
my goodness this guy did an interview from a top a mountain in the jungles of guatemala, thats where am from! what a guy! love this guy~!!
Green screen
He was in North America sitting on the top of his chair seat.
I'm trading from Jasper National Park which is located in the Canadian Rocky Mountains, on the green screen is a picture of Jasper.
THANK YOU SO MUCH
I've always been a fan of measured moves.
This is how confident you should be on the system that you are using. I had this mistake of not focusing on my strengths and shifting to what other traders believed the most. Trade what works for you but it should be still inside the logic of RISK MANAGEMENT.
Got you, that's what I'm struggling with atm.
Something really important he alluded to:
Just because you’re willing to take a 10%, or whatever your risk tolerance is, loss, that doesn’t mean you have
to. Use your head, you instinctively know when something is gonna dump on you. Why sit there and watch it cut your legs off? That’s insanity.
Great interview and video Etienne. I am not a scalper but very useful video to all of us
Glad it was helpful!
I am a new trader but I already figured out what this man is saying it’s all makes sense to my thoughts in trading scalping is not risky than what they said that swing trading is less risky but scalping is way risky is all lies scalping is more easy if you are a beginner trading start with the 5mints time frame
huge tip good video right here 2 thumbs up
Big thanks
Super strategy! Trade like insurance company business. Nice comparison!
Glad you liked it!
His a great person for the channel
Totally agree!
what a great guy !!!
great info. risk box.
nice video。
good luck for this gentleman's cancer fighting.
Interesting strategy, thanks E
Glad you liked it, man!
thank you, Thank you...
I done this in paper using a tradingview and it's fun
I have been trading since the coronavirus.i had a basic knowledge of how the markets wòrk.
I was trying to find my style of trading(i preferr to be involved, and not wait for one move)
Thanks for putting the cherry on the top of the cake!!!!!
Luke Ton Hoogard says
!!!!
Amazing strategy, love the boxes. Etienne, do you know how JF handles the "repair box", the 4the box ahead to the SL?
Etienne, this video has been watched by more than 100k people i.e 20 times more then the average of your videos. This means that many of us are very interested in Jean-Francois Boucher. Please can you make a new video with him on a normal day trading because in this video was recorded on Easter Friday with low volatility so I believe we did not see the real potential of this strategy. Thanks
Yea I know this would come up....
As of April (since the recording of this podcast but before its release) Global Prime and its management team split into 2 separate legal entities - "Afterprime" is the newly created broker which continues to offer Trader Evolution and MT4 and still provides ECN access to the market.. Don't forget to tell them who sent you.
Hope this helps.
good luck
yeah... but if youre in rocky mountains... how do you use them?? it says US residents cant use them :(
Frame of reference, point of interest, support and resistance
I would like to know how we could determine deviations for other forex pairs or indicies ?
Hi Jean. You messure the Bias with the daily candle. In this video the candle shows a lower high and low so bias is short right? Why you take a long trade if i may ask? I am trying to learn and adapt your system, it is great!
I am definetly going to try this strategy. what is the platform used? It looks very good.
Jean-François, tu es un génie !
cool he divide the range then managing opistions
hi so you wait with trading untill the price consolidate?
He mentioned in a previous video that he have a super low spread . It might not work for everyone until you find and signed up with that low fee broker. So that's your first step for those who want to trade like that
Definitely get a commission broker with near 0 spreads
he trades eurusd, most of the brokers have 0.1 spread on this pair
Make sure it is an ECN account with comms and low spreads
this is very true for me.
Glad to hear that!
Love his laugh. :))
Hey, nice vid. Can you tell where you accent is from? Im having a hard time trying to understand some of the things you said.
Great video and channel! I like Jean-francois trading style but something he didnt tell us is how to identify if you will be bullish or bearish during the session he is trading?
He scalps ranges created by the box i.e sells the top of the box and buys the bottom
Glad the guest spoke in english, otherwise would have missed valuable lesson
At 20min. "1 target, 1 SL, 1 size, 1 time of day, 1 instrument, and the remaining variable is me ! "
THIS IS MY LIFE ❤️❤️❤️
Your Channel is soo GREAT ! WOW ! you are helping the world by interviewing these peoples.
Thank you, for ever grateful. 🙌👍👌🙏
Thanks for watching. Keep crushing it! 📈
a live demo would be great, any one can do talk the talk but if you’re that good show us in live action
Made my $20 using his technique in Asian trading hours
how to determine sTD for one instrument?
nice
Brilliant! It makes so much sense! :-)
It makes sense only if you have a commission free broker. But using a commission free broker put you at risk of bad fills and imprecise entry and exit that can affect your results.
Scalping into a millionaire is much more difficult than you think. That's why most millionaire traders aren't scalpers.
I remember this guy. if im not mistaken he came from apiaryfund. Try to search "trade the fund" they're using the so called "the wobble technique"
@@jameslinmd I pay a commision on every single trade, it's the cost of doing business, pay to play - when you watch the video - at bottom of the screen are my trades and costs.
@@jenarch25 it's close to the 'wobble ' but not quite - it's an adaptation and YES I'm still a Funded trader with the ApairyFund.
Swing trading I learned after 5 years it’s what works for me. He is right. Psychology is what we need to learn to create our trading style. The game is to give away your money to the market in order for your education. You pay the market instead of paying the institution.
what chart system is he using? please?
"You choose to lose WHEN you choose to lose".....dang....that truth hits hard.
That’s an interesting perspective
@@ClubPenguin4Lyfe Yes, true.
I thought there was no profit to be had when buying and selling such small amounts after commissions and spreads etc? Where can I find the correct information and brokers about this please anyone?
When he says, he draws the boxes from the Asian session and that he is in the Rocky Mountains and says eight or nine… Is he talking about the Asian open if we were in New York? Meeting quick and dirty what is the best time to look for the five minute box if in New York zone thanks
Tokyo opens
Funded!
But can we tag people on RUclips?
His interview was good can i ask a question.he is a institution trader or retail trader ?....
Retail trader
"...tiny, tiny gains but lots of them..."
That's the sauce right there. If you can manage your losses, those gains over time will make a difference.
Again, this is not for everybody - find what works for you.
I’d like to know why he went long at the top of the bounce (his first long)
I really like the guests you have and they give a lot of insight. I think that it would be more enjoyable, since this in English, for you to hook up with a linguistic coach and work on your rhythm and pronunciation. If you did this it would expand a your audience exponentially.😊
yeah i can't undestand the questions
Thank you for making this content and hosting such knowledgeable presenters.
Just one small thing - at times I had trouble understanding you. Maybe it is just me, but I would welcome if you could try to articulate a little more clearly when speaking .. otherwise it sounds like mumbling.
I hope it is clear that I am not trying to criticize or make you feel bad.
Keep up the good work.
i could hear em perfectly 😂😂
Can you tell us what brokerage you use?
Jean uses Global Prime (you can see on his platform in the video)
Is his website old? The 3 model accounts shown on his site are in massive drawdown and havnt been updated since august last year.
YES it is old and yes they were are all in drawdown at the time of the tests ending. This was well after the war started to prove a point - if you dig a little deeper in the data, you will see HEDGING is being used and unlike popular belief the costs and TIME involved aren't always worth it. To resolve the hedges caused by the war starting hence the flight to safety the EAS would have required time I couldn't waste. so I stopped the experiment before it ended.
@@Jasperforexso these accounts were being traded by your EAs and not you? I see you trade on Darwin, do you have a DarwinIA account?
Put a 100 traders in a room they will all have different strategies. I never pigeon hole my tactics. I have zero idea of what I'm going to do. I may scalp or swing or put a limit order where I feel liquidity grabs are sitting. Probabilities. I rarely show the market a stop. I understand market makers and the games. You must realize there are millions of participants all with different ideas. That's the beauty of scalping.
we want an update man!!
Jean François is probably the one on this channel who is mastering eur/usd scalping
There aren’t a ton of good scalpers out there. JF is definitely one of the best ones I know.
agreed, I really like his honest and realisitc approach especially on the risk management side and his "box tool"@@DesireToTRADE
I am almost at the stage consistency with forex. I am wondering what is you're % gain on your overall capital per month? My goal is only 3% a month. I love to chase people who are the best at their job.
Many say swing trading is simpler, but I can't stand being down 40 pips during pullbacks that you don't know if will reverse
Im curious what leverage does this guy use?