CFTR Associates Goldbars Trading System

This is a discussion on CFTR Associates Goldbars Trading System within the Trading Systems forums, part of the Methods category; I shared your opinion at one point but to do this surely the spread bet companies would have to hedge ...

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Old Apr 15, 2003, 4:45pm   #9
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I shared your opinion at one point but to do this surely the spread bet companies would have to hedge all of their exposure to the market.

From the IG May 2002 trading statement.

"The Group's long-standing policy is not to hedge all of its exposure to the financial markets and, as a result, the level of trading income that the Group achieves for any given volume is subject to some variation. This characteristic has been reinforced by a decision taken in March to leave unhedged a higher proportion of our exposure than hitherto. While this is likely to lead to increased volatility in monthly profits, it will undoubtedly reduce our costs and, in the opinion of the Board, should result in higher profits over the longer term. "
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Old Oct 1, 2003, 12:22pm   #10
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CFTR Associates Goldbars Trading System


Im thinking of going to one of Jeff Jetvics seminars on the above Goldbar/Signpost Spread Trading Systems....I've spoke to him on the phone (supposidly) Its gonna set me back £695, so before i do, as anyone been on the course, heard of him etc.

I read a coulple of negative threads on the course....but im wondering if its working for a lot more ?

any info would be good,

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Old Oct 2, 2003, 5:56pm   #11
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The advert in The Mail on Sunday says something like:

"Who else wants to make £12,000 per week spreadtrading FTSE and Dow ?"

If the advert looks too good to be true then I would assume it is otherwise everyone would be talking about it and they are not.

Check this link:

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Old Oct 2, 2003, 5:56pm   #12
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I have been on this day in London a while ago now and I have to say it was the biggest waste of money I have ever been stupid enough to throw away.
I have recently been to see Naz and Mr Charts and they were both very good and teach you to trade properly not using a holy grail system that looks good on historical charts but in reality does not work. If you need any more info PM me.
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Old Oct 2, 2003, 7:04pm   #13
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I went on his course last year.Total waste of time IMO.He gives you his 'Goldbar' indicator which is a plugin for Omega Supercharts, which is supposedly based on indicating Market makers actions in a market and whether they are buying or selling, hence pushing the market up or down. Claims of 70% success rate(pie in the sky!!!).
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Old Oct 29, 2003, 1:24pm   #14
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I attended his coarse a year ago, although first impressions may be a bit chaotic for long term commodity traders it is extremly good with a success rate in recent months in excess of 80%.most of which I have followed and returns have been excellent.
It is not for day trading, or those with limited resources. You also need to subcribe to his weekly and daily email about£75 a month,which is more valuable than the coarse attendance in many ways ,as well as buy additional software.
Conclusion. This is a superb service but for serious professional long term trend traders only, with sufficient starting capital.
Good luck
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Old Oct 30, 2003, 8:01pm   #15
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Tandy - in CFTR`s literature it claims SignPost will produce 1 - 2 trades per week in each market covered, and return an average of around 150 points per week on the FTSE index. Can I ask what is your experience over the year that you`ve been using Signpost - in terms of the frequency of trading signals per market (particularly the indices if you trade these) and average net points made per week?
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Old Oct 31, 2003, 10:12am   #16
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He covers 35 markets in 7 key diverse sectors, am surprised if his FTSE figures are that high , more relistic of the Dow perhaps.
This system is at its best in commodities ,ie, energies, metals , meats ,foods and grain where there tends to be less volatility and longer more obvious trends.
I rarely trade indexes and never the FTSE, at least the Dax or US have some vol. CFTR for example has been neutral indexes for over a week, rigthly so, so you would have had a dull week.
Instead find a chart of cotton , which the system went long August and took profits only yesterday. As I highlighted only requires 5-8 trades a month to make a good living, although it does highlight 3-5 trades each week in the 7 sectors followed Average holding periods usualy in excess of a week and some a month or two , with a rolling stop in place.
So not for day trading but great if you only want to be infront of a screen for an hour or so a day
Good luck and hope this helps.
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