From the category archives:

Forex

August 2, 2011

Forex Hijacker

I am going to be looking at Forex Hijacker published by Canonbury Publishing. The cost is £287 with a 30-day money back guarantee. What you get is a pdf and training videos to back the book up. I found the pdf a tad bloated with details on how to open accounts with Brokers, this information could have been put in to a separate book or left as an online resource. However, the video support is welcome and very much worth watching,

There are three systems: basic, fly-past and retrace-to-channel. The first two are very much aimed at noobie traders, and I’ll be focusing on retrace-to-channel. My first impressions are very positive, a simple enough system which may alter the way I currently trade! The systems are well laid out and are, I believe, easy to follow. I did have a question which Jason responded to quickly, even though it was posed on Sunday.

I will be looking at the GBP/USD and EUR/USD pairs as this is what Jason, the author, looks at. I will also be doing my own thing with Crude Oil as my personal trading is in the Oil market and I want to have a look-see as to whether I should incorporate this system in to my own trading plan.

I will be using the cash-master standard £10 per pip and each trade will have a 15 pip stop loss. I will update results each weekend rather than daily.

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Filed under Forex,Spread Betting,Trading by Arthur

July 26, 2011

TEK Financial Trading

I have an update on the TEK Financial Trading seminar today.

A lot of people were unable to make 30th July so Kyle has moved the
date back by one week to 6th August. There are two or three people
that were also unable to make 6th August so Kyle is accommodating
them with their own ‘mini’ seminar on a date that suits them.

Registrations for this event close this week so if you’ve been
sitting on the fence wondering whether to get involved or not then
now’s the time to make up your mind.

Just to re-cap, Kyle is going to show you exactly how to trade so
that you can either become a full time trader, or trade part time
in your spare time. He will show you exactly where to look, and
what to look for, so that you can make a consistent profit from
trading the markets.

The key word here is ‘consistency’. Kyle’s method works beautifully
by concentrating purely on price action. This means you don’t need
to use any complicated indicators or software. All you do is open
up a spread betting platform, load up their free chart, and look
for a specific pattern. When you see the pattern you will know,
with a high degree of accuracy, which way the market is going to
move. The profit potential of this knowledge is limitless.

You don’t even need to use spread betting platforms, this works on
any standard trading platform so wherever you live in the world,
you can use this method to make a consistent, healthy income.

Although many traders are already familiar with money management,
Kyle will show you how to trade very safely, only ever risking a
small proportion of your trading bank on any given trade, and how
you can double your trading bank every couple of months.

Kyle does this for a living and is keen to help you do the same.
Full support is provided, so once you’ve learned how to do it, Kyle
will be there to help you get started.

Our blogger, Art, has already demonstrated how well the method
works for someone who has just learned it.

Although registration closes this week, if you are unable to make
6th August Kyle is happy to accommodate you on another day, even if
there are just a handful of people.

Also, a few international readers have asked if it’s possible to
receive the course on DVD. I spoke with Kyle about filming the
seminar and he agreed that if there was enough demand for a DVD he
would be happy to accommodate. It’s not cheap to have it filmed and
produced though so there would need to be at least four DVD
requests to make it viable.

You can download your booking form here:

http://www.cash-master.com/blog/tek-registration-information/

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Filed under Forex,FTSE 100,Spread Betting,Stocks by Graham

July 16, 2011

Moneytext

This a Forex trading advice service with a 30-Day free trial, which is fair, followed, if you like the results, by a monthly subscription more or less in line with the average horse tipping service.

As promised on the sales page, this is very simple, requires no work at all with your own crystal ball and takes but a few moments of your time each day. You receive a text to your mobile phone each morning when there is a trade opportunity, you enter the trades in a suitable spread-betting program and leave it to activate when conditions are met.

Or maybe not. The first morning, I received a message at 9.35am, advising me to place two trades on the FTSE index, one a buy, one a sell. Price and stops were advised, also a cancellation time. Within the two hour window allowed, neither was activated.

With the targets and stops advised, a success rate of around two thirds would break even, so if the claimed strike of 82% is realised, this would be a profitable service.

After testing for ten weeks the strike rate was down to 40% and the bank to £852.65, this being a loss of 97 pips overall.

This isn’t actually a big loss, taken over 10 weeks, but the strike rate has steadily declined in that time from the claimed 82%. Indeed, since the 23rd May there have been only 5 winning trades from 23. When you consider the cost of the service, it will obviously take a long time to get into profit while keeping pace with the subs.

Whether the Author can modify his selection criteria in a beneficial way I don’t know, but clearly, in its present form it can’t be considered to be a profit centre. Consequently, I have to judge it as Failed.

You can try Moneytext for free here:

http://www.cash-master.com/moneytext.php

0 comments

Filed under Forex,FTSE 100,Spread Betting by Terry Shepherd

July 14, 2011

Boss Forex Signals

A disappointing start to this service with a loss of 329 pips so far on the mid-long term trades and a small profit of 17 pips on the live webinar trades.

This is what Lee had to say about his results:

“Not the start I had wanted…. No excuses as it is my job to call these trades, I will be running live calls showing one of my screens on the webinar for all scalp trades and the longer terms will go through the live feed but I will also show on the webinar and the members blog vids all reasons for entering trades and showing how each decision was made for the longer term trades.

I am very confident in having the best signals site around and I have worked very hard this last week and I am hoping this will pay off.

I have had to give refunds back to many members but I am wanting to start a fresh with the 2 methods one for scalping and the other for mid/long terms.

Anyone who has had a 7 day free trial will be welcome to another one as I will delete the profiles and let another trial be had by any members wanting another look at the new structure.

I will be aiming to help members achieve early goals of 20-40 pips so members will not have to be tied up all day for people only wanting lesser daily targets.

I am also starting a trade copier service this week and I will have an account which can be shown to all that will record all the trades given.

This will mean anyone that has not got time to trade can also benefit. I will give you an update on this next weekend as this will be tested more this week and we will be going live a week tomorrow.

I will welcome any of your bloggers to come and watch the daily webinars and give a real time review.

Looking forward to getting the service going now all the glitches are sorted, the live webinar is a great tool as the delay is only about a second so great for scalping.

Regards,

Lee”

Past results for BOSS have always been excellent, however, in light of the recent results I’m going to recategorise this service as Neutral and ask one of the Cash Master bloggers to run a fresh test on the new service.

0 comments

Filed under Forex,Spread Betting by Graham

July 14, 2011

TEK Trading

I didn’t see any setups this morning and I have a medical appointment this afternoon.

No trades today

4 comments

Filed under Forex,Spread Betting,Trading by Arthur

July 14, 2011

TEK Trading

http://screencast.com/t/zzsZND3b

Just the one trade today and that on EUR/USD off the 1 hour chart. I set the stops at 50 pips and exited for 46.9 pips profit. There were only 10 more pips more or less in the move, so, for once, I exited at about the right point.

There was a nice setup for Oil just before a news event, so entry would have been very risky and I let it pass.

0 comments

Filed under Forex,Spread Betting,Trading by Arthur

July 11, 2011

TEK Trading

Two more trades from TEK Trading. Click on an image to enlarge:

Kyle has told me that the  date of this event may have to be moved back a week or so, depending on when the venue is available, and there are some seats left if you are interested in attending.

Full details here:

http://www.cash-master.com/blog/tek-registration-information/

0 comments

Filed under Forex,FTSE 100,Spread Betting,Stocks by Graham

July 11, 2011

TEK Trading

I have been poorly over weekend and feeling poorly today. Detail isn’t required here (trust me on this) but it’s probably a virus. Unlikely to trade today, hopefully back on track in a day or so.

0 comments

Filed under Forex,Spread Betting,Trading by Arthur

July 7, 2011

TEK Trading

A difficult day’s trading for me as there have been lots of heavy hitting news events at regular intervals. I didn’t see any tradable patterns on AUD/USD. I did manage to hop on a Brent oil trade towards the end of my trading window.

http://screencast.com/t/vqCOdB6fvvc

I set the Stops on this at 35, 40 would have been prescribed by the method. The trade made 93 pips (£930 at £10 per pip), more pips were available but I slightly messed up my target, which would have been 100 anyway. 100 pips on a move should be enough for anybody!

I have been trading this for 6 days now. My pip total is 162.9 pips for £1, 629 profit at £10 per pip.

As stated earlier in the week, as tomorrow is Non-Farm Payroll I won’t be trading tomorrow.

0 comments

Filed under Forex,Spread Betting,Trading by Arthur

July 6, 2011

TEK Trading

I am calling it quits a tad early today. I only got one trade today and that was on AUD/USD.

http://screencast.com/t/vYiLxOLAHar

I did miss a fine setup on EUR/USD for 60 pips. Oh well always next time!

Stops on the AUD/USD trade were 20 pips, and I took 17.2 pips of profit for £172 at £10 per pip. The momentum showed signs of exhaustion and this was a safe exit.

Oil gave me no setups today off the 1 Hour chart.

0 comments

Filed under Forex,Spread Betting,Trading by Arthur