From the category archives:

Spread Betting

May 28, 2011

Forex Fortune Signal

Week 4 (to 27 May)

Date Currency Buy/Sell ENTRY STOPS Date Buy/Sell EXIT Pips
23-May AUD/JPY Sell 86.35 50 23-May Buy 86.1 25
23-May EUR/USD Sell 1.398 50 23-May Stop 1.403 -50
24-May AUD/JPY Sell 86.14 50 24-May Stop 86.14 0
25-May EUR/JPY Sell 114.93 50 25-May Stop 114.83 10

 

One trade opened 17 May is still open.

This week: -15 pips at cash-master’s standard £10 per pip = -£150

Total: -84 pips at cash-master’s standard £10 per pip = -£840

0 comments

Filed under Forex,Spread Betting,Trading by Arthur

May 28, 2011

Supreme Signals

Final Review

I have been following a new ForEx signal service since the start of the year; 5 months in to the service feels like a good place to stop and look at what we have.

This service was not expected to issue signals every day, but one to two signals per week is expected. The service has been followed for 20 weeks, in that time either Graham or myself have received 43 signals; so this estimate was spot on.

I have compared my results against Lisa’s results page and we do match bar 4 losing trades 24-Feb to 28Feb.

As usual, the cash-master standard of £10 per pip has been used. After 5 months I am showing a loss of 203 pips or £2, 030, and the costs of subscription has to be added to this total.

I am all for long-tern profits and all that, but I would expect to see a profit after 5 months, and therefore this service has to be filed under failed.

You can join Supreme Signals here:

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

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Filed under Forex,Spread Betting,Trading by Arthur

May 27, 2011

Moneytext

Bit of a disappointment today. Long trade was triggered but retraced and hit the buffers. Second trade, a short, was also triggered later and that, too, retraced to the stop loss. So, 26 pips given back. We need a decent run next week to finish off the first 30 days.

A poor week altogether, three days no trades and three losses. Poor economy doesn’t help.

It should be noted that I don’t post on days when there is no trade to post about. Therefore, you can assume that if there is no post, there has not been a trade.

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Filed under FTSE 100,Spread Betting by Terry Shepherd

May 24, 2011

Supreme Signals

20 April to 20 May

Date At Pair Pips Profit
20-Apr 09:59 USDJPY 50 £     500.00
21-Apr 11:08 EURCHF 60 £     600.00
26-Apr 13:27 GBPUSD -50 -£     500.00
28-Apr 13:45 USDCAD -52 -£     520.00
03-May 09:31 EURUSD -45 -£     450.00
03-May 21:35 USDJPY 40 £     400.00
09-May 14:15 NZDUSD -45 -£     450.00
11-May 17:42 NZDUSD 45 £     450.00
19-May 08:01 USDCHF -31 -£     310.00
19-May 22:04 USDCAD -48 -£     480.00
20-May 09:03 USDCHF -52 -£     520.00

 

A loss of 128 pips for this period, making a total loss of 93 pips since I started getting signals on 24th January.

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Filed under Forex,Spread Betting,Trading by Arthur

May 23, 2011

Moneytext

My first loss today, I suppose it had to come in order to get the strike rate down from 100% to somewhere near the claimed 82%. It cost us 12 pips.

0 comments

Filed under FTSE 100,Spread Betting by Terry Shepherd

May 23, 2011

Boss Forex Signals

£1000 a month profit guarantee?

Yes, you read that right. This is unprecedented in this industry and it’s certainly something I’ve never seen in all my years in this business.

But it’s even more exciting than that. To be able to make this sort of guarantee this service has got to be pretty confident, right? Well they are confident because this is the minimum they make on a monthly basis. In fact, they actually average between £4,000 and £10,000 a month at £10 a pip.

So what’s this all about?

Boss Forex Signals is the new signal service from the author of the Boss Trading Method that we’ve reviewed on the Cash Master Blog very favourably. The method made £7,800 profit during our test and has been getting rave reviews around the web.

Well, a lot of people have been asking for Lee to set up a signal service whereby they can just copy his trades live as he trades them. So he has!

And what’s more he’s so confident in his service he’s offered a minimum 100 pips profit a month guarantee. If you follow his signals and don’t make a minimum of 100 pips in a month, you get that month’s subscription fee back!

Now I’ve seen profit guarantees before whereby if you don’t make a profit, you don’t pay anything. But Lee’s guarantee ensures that you make a pretty decent profit or your money back. So if you only make £900 one month at £10 a pip, then you still get your months subscription refunded.

This is great for people who bet in small amounts too. Even if you only bet at £1 a pip, if you make less than £100 in a month, you don’t pay anything.

But we already know how well this method works, and even at £1 a pip you are looking at an average of £400-£1,000 a month profit. It’s a no brainer.

The service is really simple to use too. All you do is log in to the members area and just wait for the signal. You get an audio alert when a trade is signalled so you don’t have to sit staring at charts waiting for a setup to occur… you don’t even need a chart open. When the signal comes you follow the instructions and open your trade with stops and limits in place. It’s easy as pie and requires no previous experience. Some days you get four or five trades and other days there are none (although rare), as Lee is only interested in trades with a good risk/reward ratio, opting for quality over quantity to keep the pip count high.

Lee is also on hand to answer any questions and help you out if you need any. Plus the members area is full of instructional videos that covers everything.

I can’t recommend this highly enough.

Oh yes, one more thing… there is even a 7 day free trial so you can just watch Lee trade and see how it all works before even paying a penny, even though your subscription is profit guaranteed!

Try out the Boss Forex Signal Service for free here:

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

 

UPDATE July 14th 2011

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 re-categorise this service as Neutral and ask one of the Cash Master bloggers to run a fresh test on the new service.

1 comment

Filed under Forex,Spread Betting by Graham

May 22, 2011

Flag Trader

Flag Trader Final Review

It was never the intention to run this as a long-term review as the method here is very close to the previously reviewed and approved Trade The Banks. As I currently have no open trades, and have been running this for seven weeks, now seems like a good point to warp this up.

Flag Trader is a stock trading method from the Guy Cohen stable. Whilst the method works for US and UK stocks I did find that the Trend Finder only really worked on US stocks. I therefore have concentrated on just US stocks tradeable on IG Index.

Flag Trader comes with online training material to watch which introduce the techniques you need to operate the system. These are quite involved, but can be followed by people new to this type of trading. If you are new to candlestick charts, stick to looking for one type of pattern until you are comfortable with the strategy and slowly expand from there.

I used the £10 per pip cash-master baseline, but split in to two profit targets as required by this method.

Each day I used the “Trade Finder” provided on the website to locate Bull Flags, Bear Flags and I excluded anything with imminent Earnings Reports.

The review period has coincided with the end of the tax year and many companies have had to issue reports. The review period also included Easter and several Bank Holidays. I believe that this has severely limited the number of possible trades.

The profit of £2,711 in 7 weeks of trading far outweighs the subscription. Once you have the hang of the system it is easy to use, and takes between 30 and 60 minutes per day but does not operate at weekends. It can be done in the evening after work, so is perfect for 9to5ers.

However, to operate at £10 per point you are going to need tens of thousands in your trading account. Just how much depends on your attitude to risk. Somewhere about three to five thousand will allow you to play around the £1 per point (assuming IGIndex allows you to place the trade at those stakes, sometimes they don’t for obscure stocks), but this is still a very healthy profit.

So apart from the operating capital required, it is hard to see any negatives to this at all, and this is APPROVED!

There is a 30-day money back guarantee, so it is well worth a look, and hopefully worth keeping too!

The system is VERY similar to Trade The Banks though, and I do not think you need both systems. Which one you use is up to you; my take is Flag Trader is easier for people new to trading to get in to whilst Trade The Banks is a little more complicated. From the results of the trails, TTB has better profit potential (TTB made £20k in 9 weeks as opposed to £2.7K in 7 weeks). Once caveat though, TTB and Flag Trader where trialled at different times of the year so a direct comparison is not possible.

You can get Flag Trader with a massive 50% discount here:

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

0 comments

Filed under Spread Betting,Stocks,Trading by Arthur

May 22, 2011

Flag Trader

Week 7 (to 20 May)

This period:

  • 2 new stocks opened, i.e. 4 new trades
  • 6 trades closed
  • 1 stock on the watch list
  • 0 stocks with pending orders

Trades opened and/or closed this period:

Opened Stock Closed Profit
05-Apr AMZN 16-May £     5,915.00
10-May AMZN 13-May -£        160.00
12-May RIMM 13-May £         263.80
12-May RIMM 17-May £         160.00
12-May VMC 12-May £         275.15
12-May VMC 17-May -£        160.00

 

Profit for the period is +£5,755.

Overall profit now stands at +£2,711.

0 comments

Filed under Spread Betting,Stocks,Trading by Arthur

May 22, 2011

Forex Fortune Signal

Week 3 (to 20 May)

Date Currency Buy/Sell ENTRY STOPS Date Buy/Sell EXIT Pips
                 
17-May AUD/USD Sell 1.051 50 17-May Buy 1.0544 -34.0
17-May AUD/USD Buy 1.0545 50 17-May Sell 1.0545 0.0
19-May GBP/USD Buy 1.6222 50 19-May Sell 1.6222 0
20-May EUR/USD Sell 1.4142 70 20-May Buy 1.4212 -70

 

One trade opened this week is still open.

This week: -104 pips at cash-master’s standard £10 per pip = -£1,040

Total: -69 pips at cash-master’s standard £10 per pip = -£690

0 comments

Filed under Forex,Spread Betting,Trading by Arthur

May 20, 2011

Moneytext

Minus the blips and slippages of my former account, this morning’s trade went smoothly, opening almost immediately after the Order was set and closing just after 10am for a gain of 13 pips.

0 comments

Filed under FTSE 100,Spread Betting by Terry Shepherd