Mr Spread Betting is back, be careful everyone

This is a discussion on Mr Spread Betting is back, be careful everyone within the Home Trader forums, part of the Trading Career category; Just received this in my mail: Good morning David Robertson here AKA: Mr Spread Betting. It's been a while since ...

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Old Mar 6, 2012, 10:05am   #1
Joined Apr 2011
Mr Spread Betting is back, be careful everyone

Just received this in my mail:


Good morning

David Robertson here AKA: Mr Spread Betting.

It's been a while since I put something together on the trader training front, as I have been busy overseas, and enjoying the sunshine in Florida, France and Corfu. But over the past few weeks I have actually been thinking of putting together an on-line, London open, interactive trading room that aims to concentrate on a small selection of currency pairs during the first 2-3 hours of the London open. (Please read the full email to see my GUARANTEED offer)

I mostly day trade/scalp the EUR/USD - AUD/USD - NZD/USD - EUR/JPY - USD/JPY using market order flow information and support and resistance. I'm not sure if you know exactly what market order flow is or not, so I will give a brief overview of what it details.

Market Order Flow is basically the buying/selling pressure between Bank for International Settlements (BIS), Clearer's One of the big four UK banks (Barclay's, Lloyds, HSBC, RBS), Corporates: The treasury departments of large multinational corporations, Custody banks: A bank which holds securities in custody for other financial institutions, IMM The International Monetary Market division of the Chicago Mercantile Exchange, Model fund's, Real money; Nickname for “end users” of foreign exchange, who trade to pay for transactions or liquidate proceeds from transactions in other markets like equities, fixed income and commodities, Sovereign wealth fund's (SWF): A fund set up by a country with large foreign exchange reserves to help manage those reserves, and not to mention Central Banks. These orders and buying/selling pressure takes place within a market known as the 'wholesale market' which is only open and available to the organizations/institutions as stated above. This is the place that these mobs do their business in order to then supply quotes to the retail and commercial clients on the spot market. As you may know there is NO central exchange for the currency market as it is an over the counter product. But with a good supply of contacts on various dealing desks across the globe and brokerage houses who have access to the wholesale markets, you can gain very good information on where these names have their BUY & SELL stops, and BIDS & OFFERS sitting. Combine that information with good support and resistance, and you have very strong technical levels to day trade the FX market. I post some of the Order Flow levels on my twitter account: @ForexMarketFlow

I have a contact list of various dealing desks which are based in Asia, France, London, Australia and the US which I personally pay over £3,500 per month for. Most of the contacts are from the same 3 banks, but with different trade sessions and objectives based on the base country currency and interest rates, each dealing desk has it's own daily/weekly objective. I get daily information each day supplied to me from my contacts that clearly state where the Order Flow is within the market. The information I get states where the names above have their BIDS & OFFERS and BUY & SELL stops within a 10 pip range. I then simply take this information and mark it of on my chart using green horizontal lines, then mark of my technical support and resistance levels using blue horizontal lines. Once I see a confluence area ( Order flow levels equal to, or near to technical support and resistance) I then use my MT scalping method to enter the market and make some pips. That way I'm not only trading pure technical support and resistance levels, but also a zone where the banks/institutions also have BIDS & OFFERS sitting in the market (Market Order Flow).

I tend to only trade the first 2-3 hours of the London session these days, and that's why I was thinking of starting a trade room during this period. During the Live Room I would show you how to trade the MT scalp method, as well as supply you with all the Order Flow levels & support and resistance levels for the pairs I was looking at that morning. During the Live room the aim is to make 20-60 pips profit per trade using only a 15 pip stop each day. I only take trades that are backed with support and resistance AND Market Order Flow.

My Money Back & Half price Guarantee!

I don't want anyone to be part of my Live Room and feel that they may not make money after paying a subscription fee, so what I'm also going to offer is a full money back guarantee if we fail to make at least 400 pips per month. The 400 pips per month is just the minimum requirement that I would have to hit within the Live room hours each month so that you are covering your Live room subscription payment and MAKING profit. I would suggest that you trade a minimum of 50p per pip so that you can cover the subs fee and still walk with a profit based on the minimum 400 pip target. If I fail to make a minimum of 400 pips within 1 calendar month during the live room hours, I will refund your full months subscription fee and only charge you 50% for the next month!

Even if I make 399 pips during the month, I will refund the months fee and give you the next month at 50% the cost.

On average we are making between 800 – 1,500 pips each month. Normally placing 1-3 short term trades per day between the hours of 07:40 & 10:00 am GMT. We recently went on a 6 week run which gave 47 winning trades in a row, and resulted in a net profit of 1,612 pips using 15 pip stops on each trade.

If I get enough interest in the Live room, then I will push ahead and open the doors. I want to make it as affordable as possible for everyone without taking away from your monthly profits. So the monthly subscription fee for the live trade room is £89 pm. And remember, if we fail to make less the 400 pips on any calender month, I will refund the £89, and give you the next month for £44.

During the live room I take questions on the markets, as well as teach you my trading methods. I will also CLEARLY state my audio/voice any trade details....ie: the pair, entry price, stop price, possible targets and why I'm calling the trade, as well as when I'm exiting the trade. You will see my charts in real time on your own PC/MAC screen as well as hear me talk. Ad you are invited to ask as many questions as you like.

So that’s it from me for now.

If you would like to place your name down as a possible member then please send me an email david.robertson97@yahoo.co.uk

Cheers

Davie
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Old Mar 6, 2012, 10:10am   #2
 
Lord Flasheart's Avatar
Joined Jan 2004
re: Mr Spread Betting is back, be careful everyone

youd just love to see how he counts his pips. Most of them take 1/3 off,then another 1/3,then another 1/3. Therefore it should be treble the loss when they lose. Just one of the tricks Im sure he will be up to. Good to have this stuff pointed out,thanks
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Old Mar 6, 2012, 10:56am   #3
Joined Sep 2011
re: Mr Spread Betting is back, be careful everyone

why don't you get people to pay their montly subscription at the end of every month rather than the start?That's a proper guarentee
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Old Mar 6, 2012, 11:00am   #4
Joined Oct 2006
re: Mr Spread Betting is back, be careful everyone

Just as Mahmoud is about to disappear another clown appears (or reappears). It's never ending.
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Thanks! The following members like this post: The Leopard
Old Mar 6, 2012, 11:03am   #5
 
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Joined Mar 2012
re: Mr Spread Betting is back, be careful everyone

Hello,

Actually I had a 100 quid bet with my friend that my name would be brought up here within 48hrs after I sent the email out, so cheers for that

Since you brought the subject up about the removal of position sizes such as remove 1/3 here, 1/3 there and so on, I trade the full position size from start to finish and trail the stop. The 400 pips minimum per month is based on full stakes, full pips and not percentages of original stake size. The trade room has just closed for the day, and we booked 43 pips on 2 trades (full stake size).

Feel free to follow my twitter feed as shown on the email that milka so kindly posted as I post a lot of Order Flow info on there, most recently I made people aware that the ACB had BIDS sitting clustered down at the 1.3150/70 zone, which the EURO has just recently tested and triggered those BIDS, in return the EURO pushed back up to the 1.3185 level.

There is SELL STOPS sitting clustered down through 1.3140 - 1.3120, and BUY STOPS sitting above 1.3200 with OFFERS lining the 1.3220-40 area, there is BUY STOPS above through 1.3245 - 50 with more OFFERS sitting at the 1.3260-80 and 1.3300 level.
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Old Mar 6, 2012, 11:09am   #6
 
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Joined Mar 2012
re: Mr Spread Betting is back, be careful everyone

Quote:
Originally Posted by sammmmm View Post
why don't you get people to pay their montly subscription at the end of every month rather than the start?That's a proper guarentee

Maybe!

I will Certainly think about it.
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Old Mar 6, 2012, 11:13am   #7
 
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Joined Jan 2004
re: Mr Spread Betting is back, be careful everyone

Mr SB

Perhaps Im jumping to conclusions and maybe wrongly. So how about this as suggested in a previous post. you invite a member into your live room for a week or so,so that you can show the live trades in real time. I have always given credit where it due,so now you have the chance to prove yourself.You can if you wish post the trades on this thread,providing they are in real time with stops etc.Following on twitter is not something that can prove anything,it has to be done as the trades are taken.Would you like us to keep the thread clear so you can trade on here,Im sure we will all agree to that.Good luck with whatever you decide
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Old Mar 6, 2012, 11:22am   #8
 
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Joined Mar 2012
re: Mr Spread Betting is back, be careful everyone

Quote:
Originally Posted by Lord Flasheart View Post
Mr SB

Perhaps Im jumping to conclusions and maybe wrongly. So how about this as suggested in a previous post. you invite a member into your live room for a week or so,so that you can show the live trades in real time. I have always given credit where it due,so now you have the chance to prove yourself.You can if you wish post the trades on this thread,providing they are in real time with stops etc.Following on twitter is not something that can prove anything,it has to be done as the trades are taken.Would you like us to keep the thread clear so you can trade on here,Im sure we will all agree to that.Good luck with whatever you decide

Hello,

I have no problem in doing that. I just want to make one thing clear, the info posted on twitter is not trade recommendations, it is order flow information that I receive from contacts on various dealing desks.That info should be used in conjunction with the traders own method of trading and/or with technical support & resistance. The order flow data is just where the main institutions are seen in the wholesale market with their BIDS/OFFERS, SELL STOPS & BUYS STOPS. So for example I stated on my last post here that there is clustered SELL stops through 1.3140-20 which the EUR/USD is now trying to work its way through, once/if these orders are tripped the EURO will look for more supply.

I will Certainly post trades here LIVE as well as order flow details and other info that can be used.
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