From the category archives:

Trading

November 23, 2011

Betfair Success Formula

RUNNING TOTAL +£13.98

AC Milan v Barcelona -£0.36

Marseille v Olympiakos +£0.05

RUNNING TOTAL +£13.67

 

Filed under Football,Trading by Liam

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November 22, 2011

Betfair Success Formula

RUNNING +£3.76

I did 2 games this evening, 1 went well and the other didn’t really go anywhere.

Man U v Benfica +£9.50

Lyon v Ajax +£0.72

RUNNING TOTAL +£13.98

Filed under Football,Trading by Liam

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November 21, 2011

Betfair Success Formula

I’m going to be recording the results for the Betfair Success Formula.

It’s a very easy to use trading method that requires bets to be placed on two Betfair markets pre-game, you then look to close all trades at half time.

The e-book is quite thin on detail and most of it is taken up with examples of profitable trades. The sales page shows results to $50 lays, the book mainly uses $30 but, to be honest, with a max advised lay price of 8.00 those stakes are going to be a bit rich for most people to start with. I’m not keen on books that talk about laying in terms of Stake, they really should make clear that your Liability is what you stand to lose if things go wrong. But in this case they always refer to Stake even when dealing with odds-on prices of sub 1.80, so it’s swings and roundabouts I suppose.

You are advised to take on only 1, or at most 2, games a day and to stick to the major league and cup competitions for liquidity reasons.

So I’ll be recording results to £10 Lays using the recommended max odds of 8.00 (so max liability £70) and will give my net profit/loss for each game attempted. Commission has been deducted from all figures given.

I had a couple of practice goes over the weekend and it went pretty much to plan, so went live with it this evening.

 

Spurs v Villa +£3.76

 

So a winning start and it was pretty much stress free easy trade out at half-time. In the book the author suggests using trading software and recommends one that you have to pay for however they do also give the names of other free tools that will do the job just as well and they even show you the maths of how to do it yourself. I just use betcalc to do it for me.

Filed under Football,Trading by Liam

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October 2, 2011

FX-180

FX-180 Final Review

FX-180 costs £247. For that you get a 91 page PDF. I found this a little bloated, but as an experienced trader I don’t need all the blurb on how to setup an account and configure the charts. However, if you are new to ForEx trading you will find this information useful. There is also a members area online which only slightly improved upon the content of the PDF in my opinion.

I did change one thing from my initial setup; I stated that I was looking for a risk/reward ratio of 1:1. The vast majority of the time this target would not have been met, so instead I closed when the candle changed colour and closed above/below the line (depending on the direction of the trade). This way I was able to take some profit out qualifying trades whilst being able to run with a strong movement.

As per normal I used £10 per pip. I looked at EUR/USD and GBP/USD pairs on the 5 minute timeframe and these pairs form the basis of this summary. I also looked at US Crude and Gold using a 4 Hour timeframe, hopefully to demonstrate that the longer timeframes are a viable option too. More on Gold and Oil later.

Let me say up front that I dislike the structure of this system. I do not like lagging indicators and to build a system based on two of them is not a solid idea in my opinion. However I cannot argue with a profit over the five weeks of this trial. 300 pips were accrued in five weeks, or 60 pips per week on average. This equates to £3,000 at £10 per pip. The average stoploss was 28 pips but was rarely activated.

The maximum stop was 67 pips, so to play £10 per pip at 1% risk you’ll need a bank in the region of £67K. Obviously you can reduce this by using higher risk; you only need a bank of £13.5K at 5% risk.

My main criticism of FX-180 is the reason I am stopping this trial early; playing 5-minute charts glues you to your computer all day, and you barely have time for “comfort breaks”, meals or tea breaks.  Even then, you get a lot of false setups that never trigger. I feel this is a lot of work for a mere 60 pips per week. It is because this is taking way too much of my time each day that I am calling a halt to this trial.

So, I don’t like the structure of the system: lagging indicators, masses of computer time and many false setups. This would be a FAIL other than the fact that is has made a profit. That alone will make this NEUTRAL.

The position appears to be better if you look at the four-hour Crude Oil and Gold. These add another 1,423 pips or 284 pips per week, and takes the profit to a respectable £17,225 at £10 per pip. However the average stoploss was 350 pips. You’d need a bank of at least £350k to play these (at 1% risk), but as one trade had a stop of 739 pips, actually nearer £750K. In other words, whilst the four-hour Crude Oil and Gold worked, the size of bank requires is beyond the reach of most cash-masters readers. Four-hour Crude Oil and Gold doesn’t rescue the NEUTRAL rating. I have not tracked whether four-hour currencies work or have reduced stops, they may well do.

You can get FX-180 here:

http://www.cash-master.com/FX-180.php

Filed under Forex,Spread Betting,Trading by Arthur

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October 2, 2011

FX-180

Week 5 (26/9 to 30/9)

Date Instrument Direction Stop Pips
21-Sep Gold Sell 407 1661
26-Sep EURUSD Buy 40 -30
26-Sep GBPUSD Sell 27 -3
26-Sep EURUSD Buy 35 58
26-Sep Gold Buy 739 -411
27-Sep EURUSD Buy 22 11
28-Sep EURUSD Buy 20 20
28-Sep EURUSD Sell 25 0
28-Sep EURUSD Sell 23 -23
28-Sep GBPUSD Buy 35 30
28-Sep GBPUSD Sell 23 14
28-Sep Crude Sell 242 -9
28-Sep EURUSD Sell 20 20
28-Sep GBPUSD Sell 28 12
29-Sep GBPUSD Sell 15 -6
29-Sep EURUSD Sell 28 0
29-Sep GBPUSD Sell 21 6
29-Sep GBPUSD Sell 28 12
30-Sep GBPUSD Sell 19 -6
30-Sep GBPUSD Buy 26 -10
30-Sep EURUSD Buy 20 1
30-Sep EURUSD Buy 33 -12
30-Sep GBPUSD Sell 38 -38
30-Sep EURUSD Sell 30 -2

 

Summary:
GBP/USD this week 11 pips. Total 95 pips for £950 at £10 per pip.
EUR/USD this week  43 pips. Total 204.5 pips for £2045 at £10 per pip.
Overall (Currencies Only) this week 54 pips. Total 299.5 for £2995 at £10 per pip.

Please remember that the Crude Oil and Gold trades are purely for my own satisfaction. Crude is a strange beast and is not a recommended market for new traders.

Closing the trade that was left open last week:

Gold  last week  +1661 pips. Total 1941 pips for £19,410 at £10 per pip.

Crude this week -9 pips. Total -107 pips for £-1070 at £10 per pip.
Gold  this week  -411 pips. Total 1530 pips for £15300 at £10 per pip.
Overall (Commodities Only) this week -420 pips. Total 1423 for £14230 at £10 per pip.

Overall (all instruments) this week -366 pips. Total 1722.5 for £17,225 at £10 per pip.

Filed under Forex,Spread Betting,Trading by Arthur

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September 26, 2011

FX-180

Week 4 (19/9 to 23/9)

One long-term trade on Gold still open; currently some 1,700 pips up on this trade.

Date Instrument Direction Stop Pips
19-Sep GBPUSD Sell 21 0
19-Sep EURUSD Sell 25.5 -8
19-Sep EURUSD Buy 30 -12
20-Sep Crude Buy 232 -232
20-Sep GBPUSD Buy 23 39
20-Sep EURUSD Sell 61 20
20-Sep EURUSD Buy 37 28
21-Sep EURUSD Buy 15 -15
21-Sep EURUSD Buy 30 2
21-Sep GBPUSD Buy 37 17
21-Sep EURUSD Sell 18 -1
21-Sep GBPUSD Sell 25 13
22-Sep GBPUSD Sell 20 6
22-Sep GBPUSD Buy 34 -1
22-Sep GBPUSD Buy 52 7
22-Sep EURUSD Buy 33 7
22-Sep EURUSD Sell 18 37
22-Sep EURUSD Buy 38 17
23-Sep GBPUSD Sell 21.5 -10

 

Summary:
GBP/USD this week 71 pips. Total 84 pips for £840 at £10 per pip.
EUR/USD this week  95 pips. Total 161.5 pips for £1615 at £10 per pip.
Overall (Currencies Only) this week 166 pips. Total 245.5 for £2455 at £10 per pip.

Please do not lose sight of 20 pips per day is more than enough for financial freedom. 20 pips times 20 trading days is 400 pips per month. At £10 per pip that is £4,000 tax-free per month.  Currencies alone are more than capable of reaching this target.

Please also remember that the Crude Oil and Gold trades are purely for my own satisfaction. Crude is a strange beast and is not a recommended market for new traders.

Crude this week -232 pips. Total -98 pips for £-980 at £10 per pip.
Gold  this week  0 pips. Total 280 pips for £2800 at £10 per pip.
Overall (Commodities Only) this week -232 pips. Total 182 for £1820 at £10 per pip.

Overall (all instruments) this week -66 pips. Total 427.5 for £4275 at £10 per pip.

Filed under Forex,Spread Betting,Trading by Arthur

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September 17, 2011

FX-180

Week 3 (12/9 to 16/9)

Date Instrument Direction Stop Pips
09-Sep EURUSD Sell 14 -7
12-Sep EURUSD Buy 19 33
12-Sep EURUSD Sell 42.5 -4
12-Sep GBPUSD Buy 18 2
12-Sep EURUSD Sell 25 13
12-Sep EURUSD Buy 22.5 22
12-Sep EURUSD Sell 37.5 10
12-Sep EURUSD Buy 52.5 -3
13-Sep EURUSD Sell 28 33
13-Sep EURUSD Buy 42.5 12
13-Sep EURUSD Sell 28 8
13-Sep EURUSD Sell 24 6
14-Sep Crude Sell 252 n/t
14-Sep EURUSD Sell 41 -41
14-Sep GBPUSD Buy 67 10
14-Sep Gold Sell 402 270
15-Sep GBPUSD Sell 41.5 -40
15-Sep GBPUSD Buy 49.5 13

Summary:
GBP/USD this week -15 pips. Total 13 pips for £130 at £10 per pip.
EUR/USD this week  89 pips. Total 66.5 pips for £665 at £10 per pip.
Overall (Currencies Only) this week 74 pips. Total 79.5 for £795 at £10 per pip.

Please do not lose sight of 20 pips per day is more than enough for financial freedom. 20 pips times 20 trading days is 400 pips per month. At £10 per pip that is £4,000 tax-free per month.  Currencies alone are more than capable of reaching this target.

Please also remember that the Crude Oil and Gold trades are purely for my own satisfaction. Crude is a strange beast and is not a recommended market for new traders.

Crude this week 0 pips. Total 134 pips for £1340 at £10 per pip.
Gold  this week  270 pips. Total 280 pips for £2800 at £10 per pip.
Overall (Commodities Only) this week 270 pips. Total 414 for £4140 at £10 per pip.

Overall (all instruments) this week 344 pips. Total 493.5 for £4935 at £10 per pip.

Filed under Forex,Spread Betting,Trading by Arthur

2 comments

September 15, 2011

Total Football Trading

ADDITIONAL

I have now heard back from the authors about the incorrect screenshot I mentioned in my review. My original email had gone astray and they have assured me they do provide full back up support to customers. I do believe that to be true because, as mentioned in my review, the books have been put together with some serious thought and effort and are not at all like the slapdash rehashes we see all too often so I see no reason why they would not be willing to back it up with some after sales service. They’ve nothing to hide from with this.

It seems that the copy I have for my review is an early copy and that the error I found was also spotted by customers and has since been corrected so the copy you get will not have the incorrect screenshots. As I said in the review, it was far too obvious to be any kind of deception.

Just wanted to clear that up as I do like this product. The methods themselves may not be new to those of us that have seen hundreds of betting products over the years, but they do have some interesting, novel, and sensible filters and stop-loss features and the books are extremely well laid out and easy to follow. I particularly like the Rookie Mistakes parts, I’ve been guilty of pretty much everything in there at one point or another and it’s a nice touch to have them included.

You can get Total Football Trading here:

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

Filed under Football,Trading by Liam

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September 13, 2011

Total Football Trading

This is a one-off review of the TOTAL FOOTBALL TRADING system.

What we have here is a portfolio of ten trading methods spread across three ebooks that all target different areas and stages of a football match. There is a fourth book covering preparation, mentality, bank-roll management etc.

As you would expect with such a wide ranging approach it is a bit of a mixed bag and, to be honest there, there’s nothing that’s really earth-shatteringly new to a fairly experienced trader. There are however some novel twists on old ideas and most methods have sensible and logical stop-loss points that do show that this has been more carefully thought out than a lot of the tiresome rehashes on the market, so this is not to be dismissed out of hand considering the purchase price of around £60 (depending on exch rate) there’s a fair bit of value for money.

Trading book 1 deals with 3 pre-match trading systems. Now this type of trading falls into the Marmite category for me, you either like it or you hate it. There’s not a lot of middle ground. The upside is that, if done well, this is one of the best and lowest risk ways of trading football. The downside is that to make it worthwhile you need a pretty big betting bank and be willing to tie a large chunk of it up for most of the day. The methods given in the book are nothing new, but they are very thoroughly and clearly explained and there is plenty of sensible advice on how to manage the trade, including having a set in stone stop-loss point that will not hurt the bank much at all.

Trading book 2 contains 4 in-play market trading methods. Again, some of these methods are well established. There was one in particular that caught my eye as something I hadn’t seen in exactly this format before. It looks reasonable in principle but there is a bit of a worry on this one. There are examples shown of the market you are looking for, the bets being placed and then the market with your potential profit/liability shown. The problem is that the photo showing the bet being placed is for the wrong bet for this system. Now that could just be an error in that they selected the wrong photo a couple of times but it does put you thinking. I have not had a response from the authors to my question about this, again worth thinking about.  I really don’t think the wrong photo being used is too sinister as the system does make sense and it looks more error than deception as it’s too obvious to be devious. But as with book 1, I have to say that on the whole it’s all very clearly written (bar the 1 error I found), it does make sense and safeguards, checks and stop-losses (where needed) are logical.

Trading book 3 finishes us off with 3 more in-play methods. Our old friend Lay The Draw is here. To be fair, this isn’t the standard version but it is still a well known twist on it. Pretty bog-standard affair really but there’s a filter that I hadn’t seen or thought of before, a very sensible easy to check little stat that makes perfect sense and will be added to my own betting. There’s one other system in here that I think Noah came up with whilst bored on his boating trip (it is that old) and then a tricky little system that could end up giving you a free bet.

So all-in-all we have 10 strategies working out at £6-£7 each and put in that context it is worth the money if you are getting started in trading or want to improve the knowledge you already have. All the books are very easy to follow, have clear examples, give the reasoning for why they work, show rookie mistakes to avoid and then give advanced strategies to adopt once you’ve got the hang of the basics.

I do feel that this is reasonable value for money and it will certainly steer new and intermediate traders in the right direction but will be of limited use and interest to experienced traders. It’s best used during the main football season due to liquidity levels but that’s true of most trading methods. I’m happy to put this in APPROVED, as long as you are looking for a decent, value for money guide to the basic-mid level trading and are not expecting a reinventing the genre affair.

(please also read additional entry made 15/9/11)

 

You can get Total Football Trading here:

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

 

ADDITIONAL

I have now heard back from the authors about the incorrect screenshot I mentioned in my review. My original email had gone astray and they have assured me they do provide full back up support to customers. I do believe that to be true because, as mentioned in my review, the books have been put together with some serious thought and effort and are not at all like the slapdash rehashes we see all too often so I see no reason why they would not be willing to back it up with some after sales service. They’ve nothing to hide from with this.

It seems that the copy I have for my review is an early copy and that the error I found was also spotted by customers and has since been corrected so the copy you get will not have the incorrect screenshots. As I said in the review, it was far too obvious to be any kind of deception.

Just wanted to clear that up as I do like this product. The methods themselves may not be new to those of us that have seen hundreds of betting products over the years, but they do have some interesting, novel, and sensible filters and stop-loss features and the books are extremely well laid out and easy to follow. I particularly like the Rookie Mistakes parts, I’ve been guilty of pretty much everything in there at one point or another and it’s a nice touch to have them included.

You can get Total Football Trading here:

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

 

UPDATE October 2012

This is an updated review for Total Football Trading.

I originally reviewed and Approved this trading package last year (see here) and thought it time I had another look.

This time I’ve been into the members area and had a good look round as well as looking at the manuals.

I must say that I’m still as impressed as I was last year, perhaps even more so. The manuals, that I have as pdf files, are all available on the members website but are really nicely laid out and very easy to access using onscreen tabs to jump to the bits you’re looking for. There’s some very handy links provided to betting resource websites, an area with additional new methods to try, many new videos showing trades and trading software being used live and most impressive of all is the new Members Forum where different trading ideas and products are discussed. This is a great addition as it allows you to kick around ideas and get some advice from like minded punters without any kind of bias.

Just to recap the basic product, what you get for your money is a collection of four ebooks dealing with every kind of football trade you can imagine as well as a section on how to approach trading and betting in general.

As I said in my first review of this product, old hands will have seen a good few of these methods before but the advice about bank management, selection filters, minimising losses, get out strategies and in particular “Rookie Mistakes” are an invaluable guide to novice & intermediate traders and a very welcome refresher course for experts who will always welcome an extra filter. I have re-read these books a few times over the last year and used them as jumping off points for new ideas/strategies of my own. I’m a great believer in cobbling together bits and pieces from things you have available to make something far more interesting than the sum of the parts and these books are great for that sort of thing.

It seems like I rarely get to thoroughly approve systems and services without feeling I have to insert quite a few “Yeah, Buts” in my write up but I do really like this package and at just over £60, (depending on exchange rate) for the ten methods and access to the really impressive Members Area, I consider this excellent value for money. The customer service and interaction parts are faultless too, they seem perfectly happy to guide and advise, standing firmly behind their work.

I may have to go and lay down in a darkened room with a damp cloth across my brow, I’m not used to being nice.

You can get Total Football Trading here:

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

Filed under Football,General,Trading by Liam

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September 10, 2011

FX-180

Week 2 (5/9 to 09/9)

A short week for me with a US Bank Holiday on Monday. Please also note a long-term Oil trade is still open.

Date Instrument Direction Stop Pips
06-Sep EURUSD Buy 22 36
06-Sep EURUSD Sell 57 8
07-Sep EURUSD Sell 29 -14
07-Sep EURUSD Sell 20 -12
07-Sep GBPUSD Sell 28 -28
07-Sep GBPUSD Buy 31 -3
07-Sep GBPUSD Sell 21.5 11
07-Sep GBPUSD Sell 21.5 -2
08-Sep Gold Buy 659 147
08-Sep EURUSD Sell 26 -9
08-Sep EURUSD Buy 15 -10
08-Sep GBPUSD Sell 28 -16
08-Sep Crude Sell 227.5  
09-Sep EURUSD Sell 14 -7

 

Summary:
GBP/USD this week -38 pips. Total 28 pips for £280 at £10 per pip.
EUR/USD this week  -8 pips. Total -22.5 pips for £-225 at £10 per pip.
Overall (Currencies Only) this week -46 pips. Total 5.5 for £55 at £10 per pip.

Please do not lose sight of 20 pips per day is more than enough for financial freedom. 20 pips times 20 trading days is 400 pips per month. At £10 per pip that is £4,000 tax-free per month.  Currencies alone are more than capable of reaching this target.

Please also remember that the Crude Oil and Gold trades are purely for my own satisfaction. Crude is a strange beast and is not a recommended market for new traders.

Crude this week 0 pips. Total -98 pips for £-980 at £10 per pip.
Gold  this week  147 pips. Total 10 pips for £100 at £10 per pip.
Overall (Commodities Only) this week 147 pips. Total -88 for £-880 at £10 per pip.

Overall (all instruments) this week 101 pips. Total -82.5 for £-825 at £10 per pip.

 

Filed under Forex,Spread Betting,Trading by Arthur

2 comments