Day Trading & Forex Forum

adalat

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Morning every one, has anybody any info on the following, like what system this could be. If any one has it, is it workable? much appreciated, uses a 40 to 50 points stoploss and has 75% success rate.---------------------------------------------

What does the System consist of?

Surprising little actually. It shows you how to compare 2 separate pieces of information freely available online and work out

which way the FTSE 100 will move.

Now think this through carefully!

If you ignore the days of little or no movement then there are only 2 possible outcomes

The FTSE 100 will either go up or down.

That is a 50/50 chance or evens.

Tossing a coin and betting up for heads and down for tails would win half the time.

The System returns 70 – 75% correct forecasts which is roughly a 3/1 return.

At first the System requires only about 20 minutes to work out.

As you get more familiar with the forecast you will find the time factor reducing significantly.

It is for this reason I recommend paper trading for the first 2 weeks.

The market has always been there and it will still be there in a couple of weeks time.

You simply compare 2 separate pieces of information in the evening or early morning and prepare your bet

ie. (Decide whether to BUY or SELL the "DAILY FTSE 100")

Check the News headlines the next morning for any contra indications and place your bet. You can now watch it and exit if you wish or just let the bet close with the market at the end of the day.

PS This is not a cumulative system, what happened last week or last month has no bearing on the prediction method..... The indicator will only tell you the likely movement for the
NEXT TRADING day.

You will not have to keep old historic charts or records or even consecutive records.

Monday evening predicts Tuesday movement,
Tuesday evening predicts Wednesday movement, and so on.

The evening prediction is always for the following TRADING DAY

ellieCAPRI

Where do found this? I am interested with roll over trade, share if you have more info! Thanks

adalat

just put ftse systems in the search bar on ebay. Its there. I hope i haven't violated any forum rules here, sorry if i have.

maq

are you selling this on ebay?

samnakthong

Yeah seen this one coupled with another which is points entry system mixed up with a what the sp500 did overnight. system. At mo I'm working on a hybrid system myself which is a bit of all this and more. I'm trying to mix in a bungee and or binary angle to improve profit.

I'll post more when I need to borrow some more money.

superfuego

Well, I don't know much about trading, I know a lot about pattern prediction though. I'd be very impressed if it can guess correctly 70% of the time. Heck, that's better than the software I've spent two years of my life on, that only gets about 57% right on an index on average.

Anyways, I'm writing this to say that with proper money management, and 70% correct guess rate you would be very wealthy very quickly. The thing is, if they have this, why would they sell it? If I had that, I would use it to make money for a couple of years and then move to a Pacific island.

samnakthong

57 percent. That's only just better than tossing a coin. I mean cyclic trading and price watching can pretty much be 90 percent correct but theres no money in it cos of spreads. The trick is predicting big changes that are not econ news related. Get that one cracked and we're there.
Would be interested in the names of the two indexes that need to be compared. sp500 and DJ I,m guessing.