From the category archives:

Spread Betting

July 1, 2011

MoneyText

A quiet week, no trades at all until Friday, when we managed 11 pips profit, which boosted our bank back towards break even, now standing at £967.71p, a gain of £23.60 on the week. Unfortunately, the strike rate is still a long way short of the claimed 82% at an actual 48%, yet we are not losing any substantial monies and even one good trade would put us back in the black.

Some more news this week is that from July 5th, the service will provide alerts for up to four currency pairs as well as those for the FTSE which are currently sent. No extra cost is required for this increase in the service and it will be interesting to see how the method works in relation to the much higher volatility of currencies.

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Filed under FTSE 100,Spread Betting by Terry Shepherd

July 1, 2011

TEK Trading

I hope you’ve been following the information on the TEK page and have had a look over the recent trades including those trades that are currently running live.

Kyle has been posting these at the request of a reader that suggested showing live trades so that there can be no ‘cherry picking’ of past winning trades etc.

As you’ll know, Kyle has already locked in 350 pips profit on two trades and they are still running. That’s a guaranteed profit of £3500 trading at £10 a pip in a few days.

Kyle has spent some time showing my blogger, Arthur, the method and he is very impressed indeed. Here is a snippet from his latest post:

“My first reaction to TEK is that it is a very strong set of methods, loosely based on principals that have been around the financial trading arena for many years. Anything that has stood the test of time in this cauldron has some gravitas to it!

As stated above I missed a lovely setup for 50 pips, and there were other missed opportunities yesterday too. Looking backwards, I can see that a target of 50 to 100 pips per day would be possible, but a more realistic target of 30 pips or so is definitely achievable. 30 pips consistently per day at £10 per pip is £300 per day (tax-free if you spread bet). 20 trading days per month, this is a tidy income and a very achievable target using TEK techniques.”

TEK can be used on any market in any time frame and therefore is suitable to people who like to trade during the day and also to people who don’t have much time for trading but would like to spend a bit of time each week looking for longer term trades. Kyle will help you find a way to trade that suits you and your lifestyle and he will teach you how to do it profitably.

It’s not often an opportunity like this comes along.

By learning Kyles techniques you could, if you wished, trade for a living as Kyle does. The returns can be substantial, certainly far more than most jobs provide, and all done from the comfort of your own home. You can trade when it suits you too, instead of working when you’re told to work.

Even if you just want to make a side income, these techniques allow you to trade in the evenings or early mornings so you can fit it in around a job. You may even find your part time income from this ‘hobby’ starts bringing in more than your job does.

You may already be a successful trader. If so, do you already make 50-100 pips a day, consistently? Do you rely on complicated indicators and have charts full of lines and graphs and waves etc? You don’t need to. The Price Action will tell you which way the market is going to move and it’s right most of the time. And with risk/reward ratios of 3/1, 4/1 and above it’s a no brainer.

You can do this from anywhere using just the free charts provided by the spreadbetting firms. No subscriptions to pay for data feeds, no need to rely on signal services and, if you use spreadbetting firms, no tax to pay on your earnings either.

This really is the best business in the world because it’s so simple, yet so lucrative. It really could change your life.

If you do have any questions at all about this method then please feel free to e-mail Kyle directly at:

kyle@tekft.co.uk

Kyle has set a provisional date for the seminar on Saturday 30th July in Birmingham. It will be a full day event with lunch and refreshments included of course.

The proposed syllabus will be:

Fundamentals of financial markets – simplifying economic/political news.

Money management.

Proper risk to reward.

Price Action techniques to combat any market condition.

Mastering the psychology of trading.

Goal setting: achieving what you want.

Trading template: this is what I do every day before I trade, what to look at,
what to be thinking, how to approach the markets.

Trader type: this will help to discover if you want to be a short term or
longer term trader (I am talking about the time frames you use).

This event is suitable for complete beginners and experienced traders alike.

The event is open to just 50 delegates because each delegate will receive full, ongoing, back up support following the training. Kyle is committed to teaching you how to be a successful trader so if you do want to learn how to trade from a real, professional, full time, already successful trader who walks the walk, then now’s the time to act.

Download the registration form and secure your place before it’s too late.

There are only 50 places available (now 23).

Places are given strictly on a first come, first served basis.

You can download the registration form here:

TEK Booking Form

Places left: 22

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

July 1, 2011

TEK Trading

Stop loss moved up on the RIO TINTO trade and we have been stopped out on the GOLD trade, with 100 points profit on that trade. Currently 250 up on RIO TINTO.
It is key to know where your exit is after you get in a trade and as we can see with the GOLD trade, it is possible for the trade to reverse and still come out with a substantial profit.

Click on an image to enlarge:

You can learn how to do this yourself 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 1, 2011

TEK Trading

There was a 60 point move on GBP/USD I Missed yesterday morning, and an equally nice move on Oil. I just couldn’t get my game head on yesterday, so I gave up and didn’t trade at all. This is the safest option and it is better to do this than have losing trades.

I am at a funeral today (Friday) and Monday is the 4th July holiday in the USA and therefore a no trade day for me. So I’ll pick this back up on Tuesday.

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Filed under Forex,FTSE 100,Spread Betting,Stocks,Trading by Arthur

June 30, 2011

TEK Trading

Just a quick update: stop loss moved to 1,510 on GOLD (securing 100 points profit) and 435.0 on Rio Tinto (securing 150 points profit). Click on an image to enlarge.

Registration opens later today for people on the Early Bird List.

There are only 50 seats available so if you want to learn how to trade like this then don’t miss this opportunity. If you have any questions at all then feel free to ask.

Get on the Earlybird list here:

http://www.cash-master.com/blog/tek-financial-trading

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

June 30, 2011

TEK Trading

Wasn’t around, so missed an entry of the 1Hour AUD/USD that would have netted 30 pips and a move on Oil of over 100 pips. As it was the move I did take as a mere 84 pips.

I have had a little trouble yesterday getting the stakes on that I want. My Broker appears to only operate in stakes rounded to a multiple of 10p. On Tuesday I used 30p instead of 22p, and yesterday 10p instead of 14p. Hence the statement below isn’t an accurate reflection of the profit. However, it does show the pip totals and so is with showing.

So the total is 37 pips up over the 2 days. However, using Kyle’s stake plan this translates as £1.88 profit, using the cash-master standard £10 per pip, £370.

Had I taken the 130 pips I missed …

http://screencast.com/t/jbkBz5Cim

 

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Filed under Forex,FTSE 100,Spread Betting,Stocks,Trading by Arthur

June 29, 2011

TEK Trading

You might just know it, the first trade was a loser. Actually though there were two reasons why the trade should not have been opened. To make matters worse, about 30 minutes prior, there was a valid setup that would have netted 50 pips that I missed!

The upside is I recognised the pattern, so if we can knock these newbie mistakes on the head, we should have a successful trial

http://screencast.com/t/xZ1wFBNjfxf8

This was a trade off the 5 minute chart as I was around and looking at it.

My first reaction to TEK is that it is a very strong set of methods, loosely based on principals that have been around the financial trading arena for many years. Anything that has stood the test of time in this caldron has some gravitas to it!

As stated above I missed a lovely setup for 50 pips, and there were other missed opportunities yesterday too. Looking backwards, I can see that a target of 50 to 100 pips per day would be possible, but a more realistic target of 30 pips or so is definitely achievable. 30 pips consistently per day at £10 per pip is £300 per day (tax-free if you spread bet). 20 trading days per month, this is a tidy income and a very achievable target using TEK techniques.

The trick is to show this type of profit moving forward. Hopefully I can, but I am bound to make mistakes similar to the mistake made above as I learn to apply TEK methodology to my trading.

Another thing that concerns me given the short-term nature of this blog; the Greek Financial Crisis vote is 90 minutes away as I write this. Passed or rejected this is a market moving event that will have ripples over the next 24 to 48 hours, possibly beyond (some Commentators forecasting the beginning of the end of the Euro!). This is going to make trading for the remainder of this week tricky for even experienced traders. Being aware of the news and political events is key, because of this I am suspending my personal trading this week, but trying to keep this going!

3 comments

Filed under Forex,FTSE 100,Spread Betting,Stocks,Trading by Arthur

June 29, 2011

TEK Trading

Kyle has been asked to show some live trades so here are a few he entered yesterday and are currently live. Click on each image for full size view:

Plus here’s the latest video from Kyle with some registration information:

Full details available here:

http://www.cash-master.com/blog/tek-financial-trading/

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

June 29, 2011

TEK Trading

First of all let me say TEK must not be confused in any way with TEC (Trading Elite Club). They are completely different and run by different people. TEC is (was?) a signal service, TEK focuses more on teaching you to trade for yourselves.

Graham has been asked to provide some trading statements with regards to this opportunity. I have agreed to do this because, as an unpaid volunteer, I can perhaps provide an independent view.

There are one or two caveats with this review to be aware of:

  • As the training day is only a few weeks away this won’t be a full on review. The intention is to show some trades during the registration window to help you decide whether or not to attend the seminar.
  • I am busy with other things at the moment, so I intend to focus on longer timeframes. This will mean I have fewer trades, but they should be for bigger gains. If I can do some lower timeframe stuff, I will.
  • This review is off the back of a 60 minute session on Skype. As I am already a trader (I think) I was able to absorb what Kyle told me fairly quickly. However, this is a new way for me to trade and some mistakes are likely if not inevitable! Although I might be able to point to a trade and say I should not have entered at this point, regrettably I’ll be unable to say why in order to protect Kyle’s trading method.
  • It is going to be difficult to record results using the standard £10 per pip as Kyle uses variable lotsizes/stakes (don’t worry if you don’t understand this, all will be explained on the day). I can (and will) provide a £10 per pip figure but be aware that this counter to the TEK methods.

So, with that in mind I am setting up a brand new demo account with my Broker: Smart Live Markets, and here goes ….

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Filed under Forex,FTSE 100,Spread Betting,Stocks,Trading by Arthur

June 26, 2011

Forex Fortune Signal

Forex Fortune Signal Final Review

 

I have been trialling another ForEx signal service for the last eight weeks. The signals for this service can be received via email, Facebook or Twitter. I am receiving emails. During the trial an auto-trading solution was implemented; I neither looked at nor tested this platform. Towards the end of the trial Stocks were added, but I didn’t test these either as there were only a few days of the trial left to go.

This service is very simple 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.  Your stoploss and profit targets are contained within the signal. Where the stoploss is moved to protect profits, further emails are received. The stoploss is normally set at 50 pips.

The service launched at the end of May. I believe that there is a week’s free trial and that the subscription costs are $97 per month (about £60 at current exchange rates).

When I started this trial the website contained some very encouraging figures for the previous month; up 257 pips. Unfortunately the real performance has been way off this, and the trial finished 106.6 pips down (-£1, 066 at £10 per pip).

I appreciate that there will be occasional losing trades, and indeed occasional losing weeks must also be expected but I don’t expect a signal service to still be down after eight weeks of operation.  When paying for signals, the performance has to be exceptional; there have been 4 losing weeks and only 14 of the 30 trades closing in profit, a strike rate of 46.6%. I would have done better tossing a coin! Therefore I categorise this as FAILED.

You can join Forex Fortune Signal here:

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

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Filed under Forex,Spread Betting,Trading by Arthur