From the category archives:

Forex

Tuesday 10th March

I’ve moved the stop up to 30 pips today. I had an e-mail from a reader yesterday that uses my method and got stopped out late yesterday afternoon at 25 pips. The trade went 29 pips into loss and then on to make 15 pips profit. I think 30 pips is a good stop for now because a losing trade can be recovered by two winners and with the strike rate we seem to be getting this shouldn’t be a problem. Another reader is keeping a log of results using slightly different stops and limit’s with this method so that hopefully we should get an ‘ideal’ setting in a few months. It seems to be working pretty well like this for now though.

This morning when I logged on a trade was already in progress and showing a 10 pip loss. I jumped in on it and made my 15 pip profit pretty quickly (I didn’t have as far to go!). It did go on to make the profit anyway had I entered at the correct level:

Then a losing trade on the EURGBP. Looks like the news item took me out but I was already in the trade from around 8.30:

We had a quick winner on the EURUSD shortly afterwards:

Then another loser on the same:

And unfortunately another loser on the GBPUSD:

We had a winner straight after on the GBPUSD but as I was already in the previous losing trade there wasn’t time to get in on this one:

So a poor day for me today but we can’t win them all I suppose.

0 comments

Filed under Forex,Spread Betting by Graham

March 10, 2009

LS Trader


It’s time to draw an end to the trial of LS Trader. The nature of this type of trading means that it’s a slow burner with profits being made monthly rather than daily and I’ve been blogging this for three months now. I can confirm that everything they’ve claimed since I started does match what I’ve experienced so I have no reason to doubt any claims they have made for previous years.

The site is professional and easy to navigate. The trades are easy to identify and place and it does indeed only take 15 minutes a week to manage, in which time you are placing new trades and moving stops on existing trades.

Last week was another good week with subscribers in all trades now being up by over 30% for 2009. Some of the trades are in considerable profit like FTSE 100 with 425 pips and Eurodollar 652 pips in profit. Subscribers that are in the Wall Street trade are in profit by 1644 pips and German Dax 705 pips.

I have no hesitation in recommending this service to anyone serious about making long term tax free profits. Their recommended starting bank is £3000 and they explain a little trick to allow you to get around the minimum bet in IGIndex so you can really bet as little as you like although I would suggest that in order to make it profitable after paying the subscripition you really want to be staking a minimum of £200 per trade. If you have £10,000+ to invest in this then I’d say you will definitely do a lot better than sticking it in a savings account in the current climate. Of course it must be remembered that past performance is no guarantee of future performance but I’m confident that these guys will make my money work an awful lot better than my pension fund manager!

You can subscribe to LS Trader here:

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

UPDATE:

3rd June 2009

Time for an update on LS Trader.

The last few months have been pretty tough for LS Trader with lots of trades going into the red or closing out at a loss. However, we have been assured all along that this is normal for this type of trading and that it’s important to stick with it as it always turns around soon enough. Well, it took longer than expected but turn around it did and they are now up 31% on the year overall.

I got an e-mail today from one reader that has managed to stick through the lean months and is now enjoying a pretty impressive balance in his IG Index account. He sent me an image of his account but obviously I have had to cut out the trade names and entry levels/stop losses:

All trades are currently in profit and below I have pasted the latest newsletter from LS Trader:

The past 2 weeks have been excellent for the LS Trader system and several markets have continued their recent trends and many other markets have broken out of the long consolidation phase that we wrote about last month. In just the past 2 weeks alone the LS Trader model account has gained 39%.

At the time of writing, we have 23 trades open and all 23 are in profit so we are currently being rewarded for our patience through the unusually long consolidation phase with some nice profitable trends. If things continue along similar lines to the past couple of weeks then we should be setting new equity highs in the not too distant future.

Just as a refresher, we are going over the main points regarding periods of consolidation and trending here because it is important to understand this:

1) The recent consolidation phase which has been going on in many markets since November appears to be coming to an end.

2) Our research shows that when markets consolidate they tend to do so for approximately 8 to 13 weeks. Anything much over 13 weeks is considered a fairly brutal consolidation and leads to false breakouts from the consolidation range.

3) Our research also indicates that the longer a market trends then the longer the consolidation that is required before the markets return to trending again.

4) Conversely, (and this is where it should be good for us over the coming months) the longer a consolidation phase goes on for, the larger the resultant trends will be.

5) The consolidation that we have just been through has been just over twice the length of time as is normal.

6) When the markets consolidate what you are essentially seeing is a fight between bulls and bears. The majority of the market participants sit’s on the sidelines and does not want to get involved in the fight but instead wait’s to see which side is the victor. Once the battle is won and a decisive breakout occurs then the rest of them market participants who have been watching the move jump on board.

7) The resultant move leads to a trend and as this trend continues, more and more of the latent market participants join the move, which perpetuates the trend. The trend then continues until everyone who wants to be involved is in the market and once this happens the trend comes to an end.

8) It can often take 6 months or more for everyone to get involved and that is roughly how long a good trend can last. The average duration of a winning trade with the LS trader system last year was 80 trading days (or 4 months). Some were more than this and some were less, but 80 days is the approximate average.

9) We are currently in the early phases of numerous potential trends and several more markets are not that far from also breaking out from their current ranges. If these trends continue then we should be in for some nice profitable trades over the next few months.

If you are not a member of LS Trader, you can still join us, and start making these phenomenal profits today. To join the LS Trader system, click on the link below:

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

Kind Regards

Robert Stewart & Phil Seaton
The LS Trader Team

 

UPDATE October 2011

It’s been a while since I’ve done an update on LS Trader.

This is a service that requires very little input from the subscriber as you spend around 15 minutes a week placing your trades. So rather than day trading where you get in and out of the markets in a matter of hours, with this service you place your trades on a Monday morning and then you don’t even have to look at it again until the following Monday where you will place new trades and move stops on existing trades etc.

So it’s more of a long term investment vehicle than a system that you need to keep an eye on all the time.

The results over the last twelve years show an average return of 226% a year, however, that is mainly due to one bumper year in 2008 when the markets went crazy and the service produced a return of 1504%:

2000 222.70%
2001 204.20%
2002 70.00%
2003 305.60%
2004 90.90%
2005 32.80%
2006 155.50%
2007 116.70%
2008 1504.10%
2009 -43.04%
2010 30.86%
2011 30.13%

If we take out that year completely, the average return over the other 11 years is actually 101%.

Considering the amount of effort required this is still a very impressive return.

The service is currently FREE to try and there is NO PayPal or Credit Card confirmation required – just an email address, so if you are interested then head over to:

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

0 comments

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

Monday 9th March

Following a few e-mails over the weekend about my 35 pip stop I’ve decided to have a go with a 25 pip stop this week. Apparently when scalping it’s more prudent to set a smaller stop
because a couple of losing trades in a row won’t then put you back too much. Looking over last weeks trades it doesn’t appear to make much difference with a 25 pip stop except that the losing trade would have cost me less. I’ll give it a go and see how it gets on.

Also, the time frame on my charts is an hour out due to the clocks changing in the US. I can’t remember how to change it in TESS.

So onto today and a winner on the EURUSD just after 11am:

(Edit: I’ve just noticed I’ve done the screenshot on the 10 and 15 minute charts when this qualified on the 5 and 10 minute so I entered on the 10 minute entry point… it won on all three anyway so I’ll leave it as it is.)

And another on the same around 2.15:

A nice easy 30 pips for a good start to the week.

0 comments

Filed under Forex,Spread Betting by Graham

Friday 6th March

We nearly had a trade at 9.10 on the EURUSD but the entry points on the two time frames were 17 pips apart and I set a limit of 15 pips.

Altogether a very quiet day with lots of sideways movement.

At around 11.30 we had the first qualifying trade on the EURUSD and it took until just before 1pm to make the 15 pips:

We got another trade at 1.30 straight after a news item but you had to be quick to get on this one:

And would you believe it, the last trade of the week was a loser!

Ok, so it was the only losing trade all week but it would have been nice to have a full week of winners.

So how did we do with the scalping method this week?

20 winners, 1 loser. A 95% strike rate and £2,650 profit at £10 a pip. Not bad.

0 comments

Filed under Forex,Spread Betting by Graham

Thursday 5th March

A winner on the EURUSD:

And another on the EURGBP:

There was another trade that officially qualified around 11.45 on the EURGBP but as we were expecting (and we got) an interest rate cut at midday I figured we would see the market jump downwards and decided to stay out. It was the right decision:

Nothing else this afternoon. I’ve been asked why I am still using the old PTP signals when we have the new xxx signals to play with. The answer is simply that the old PTP signals work and if it ain’t broke, don’t fix it. I will get around to testing the new signals at some point but I will continue to use the old PTP’s because I’m not going to turn away over a grand a week to opt for an untested new signal!

0 comments

Filed under Forex,Spread Betting by Graham

Wednesday 4th March

I’m liking this scalping malarky. Another 75 pips profit today.

A winner on the EURGBP this morning:

And this one took well over an hour to make the 15 pips:

A winner on the EURUSD:

And another on the GBPUSD:

And another on the EURUSD:

0 comments

Filed under Forex,Spread Betting by Graham

Tuesday 3rd March

After seeing so many break even trades over the last few weeks I’ve decided to finally give my method a try with scalping. So exactly the same entry criteria with an intial stop of 35 pips and now a limit of 15 pips. Yesterday would have made 60 pips profit.

A winner GBPUSD this morning:

And another on the EURGBP:

And yet another on the EURUSD:

And another on the EURGBP:

And then a winner again on the GBPUSD:

And again on the EURUSD:

And the last trade of the day I left to run as I went to pick my daughter up from school (the advantage of setting a limit order). Another 15 pips on the EURUSD:

So a good day for scalping with this method, making 105 pips.

0 comments

Filed under Forex,Spread Betting by Graham

Monday 2nd March

There was a TESS update this morning which I installed. On opening the charts there were a load of new symbols showing up so I figured I better watch one of Keiths video updates tonight to find out what it’s all about.

There was a break even on the EURUSD this morning:

Then another straight afterwards:

And another on the GBPUSD:

All these break even trades recently certainly add up to a fair few pips at 15 each! I might have to have a look back through my trades and assess whether scalping might be the way forward (yes I’ve been saying that for months!).

Another blooming break even on the EURUSD, thats 60 pips I could have had:

0 comments

Filed under Forex,Spread Betting by Graham

February 27, 2009

The Ultimate Forex Predictor

Friday 27th February

30 pips on the EURUSD this morning:

A break even on the EURGBP:

And a break even on the GBPUSD:

A 14 pip loss on the EURGBP:

And a break even on the EURUSD:

Plus 8 pips more on the EURGBP:

That’s another 163 pips profit for my method this week keeping it over 100 pips a week for February. I will run this until April so I have a full years worth of results for this method and then do a full analysis of the method. So far it looks pretty consistant with the odd dodgy month. We’ve now done £41,270 at £10 a pip since April 08. Times that by seventeen and we’re looking at the same pension as Fred Goodwin, tax free too!

0 comments

Filed under Forex,Spread Betting by Graham

February 26, 2009

The Ultimate Forex Predictor

Thursday 26th February

4 pips on the GBPUSD this morning:

And 34 pips on the EURUSD, I would have used the 5 minute chart for the trailing stop on this as the 15 minute takes too long:

A break even on the EURGBP:

And 16 pips later:

0 comments

Filed under Forex,Spread Betting by Graham