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; Hi, He covers 35 markets in 7 key diverse sectors, am surprised if his FTSE figures are that high , ...

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Old Oct 31, 2003, 10:12am   #16
 
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Hi,
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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Old Oct 31, 2003, 4:16pm   #17
 
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Tandy - thanks v.much for your reply.

Can I ask if you only use CFTR`s signals to both open AND close trades, or do you use trailing stops? Their literature and verbal advice seems to suggest they mainly rely on the former.

I presently use Deal4free spreadbet to trade stocks & indices. On their commodities & currencies the spreads look to a lot wider in relation to their average daily range.

Do you mind telling me whether you use spreadbetters, CFDs or futures to trade commodities? If the latter, do you consider the narrower spreads outweigh the tax disadvantages?
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Old Oct 31, 2003, 6:27pm   #18
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tradertim (and anyone else who knows the answer)




I would appreciate it if you could kindly say what the website is for CFTR associates ?


Thanks in advance.
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Old Oct 31, 2003, 6:37pm   #19
 
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Peugots - there is no website for CFTR - they communicate new trades (nightly)by e-mail for their SignPost system. Information on their course is sent by post.
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Old Oct 31, 2003, 7:27pm   #20
 
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I use CFTR to get me into the trade and my own jugdement to get me out, the trailing stops are on my own reading of the market and my pain threshold ! Infact by following the market charts and a bit of reading one can start to pre-empt some of CFTRs entry and exit points.
Yes spreads are wider, since they are less traded instruments by UK spread betters.But since your holding period is longer and activity less this is not an issue. Besides by having say 4 SB a\c you can check spreads and more inportantly NTR which varies significantly with each firm and they do not all trade the same markets. But also allows you to deal and watch screen prices when one of them has a computer break down like Finspreads did most of yesterday!
Think thats all the advise I can give , otherwise I might start charging ! But hope you understand this is not for daytrading but as a result having tried both more rewarding and certainly more enjoyable!
Go for it , good luck and enjoy
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Old Oct 31, 2003, 11:38pm   #21
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I would appreciate it if anyone could tell me what the contact details for CFTR are?
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Old Oct 31, 2003, 11:55pm   #22
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
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Well I dont know why you would want it but according to Mail on Sunday the email address is:

cftrgoldbars@aol.com


Paul
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Old Nov 1, 2003, 12:49am   #23
 
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Their e-mail address is actually CFTRGoldBars@aol.com. Alternatively you can ring 0208 742 8000.
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Old Nov 1, 2003, 10:43am   #24
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Hi Tandy,have read with interest your info on CFTRGold Bars and SignPost and agree with you it works, as I have used it . Can you please tell me what level of capital you think is sufficient to trade (spread /bet ) the commodities with this system, I use ATR set at 5 days for part of my stop level, the Finspreads shut down was a real pain last week and the next days offer of a smaller spread on the FTSE/DOW a joke . I do trade (Spread Bet ) the Dow with my own reading and some help from the system, you can see my entry each week in the Dow contest . Best Regards Twiglet (twiggytwo)
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Old Nov 1, 2003, 11:04am   #25
 
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Hi,
I started with £1,500, enough for a couple of non corelated trades, but then had a bit of luck thanks to CFTR. Ideally I would suggest say £5000 in order to run three positions concurrently.The secret being to ensure your not over exposed to simular instruments and also not all trades in the same direction ie not just long posistions . I agree on stops mine are simular, still
long soyabean and copper, tempted to re-enter long cotton march next week.
Hope that helps , Good luck
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Old Nov 1, 2003, 12:01pm   #26
 
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Tandy, I note you live in Surrey which is were Jeff lives who runs CFTR Associates. I see you have also just started posting and seem to know an awful lot about a system that is a complete waste of time and is frankly a rip off so anybody thinking of going I would advise not too.
You don't say a lot about yourself in your profile is this because you are CFTR ????
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Old Nov 1, 2003, 12:02pm   #27
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Thank you Tandy, the £5000 is the amount I had in mind and I think compounding profits on other trades is the way to arrive at the £5000 if you do have it. as for other trades,I use CSI for my feed (from USA ) and have found CELLTECH CHIROSCIENCE from their software/indicators 12 all to buy I opened a spread bet on 28th Oct at 429.4 (DEC ) and it is still running the close price yesterday was 459 forCCH the CSI feed/software is 100% clean data. thanks again for your help. Twiglet
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Old Nov 1, 2003, 12:15pm   #28
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Schoe, so these people are best avoided then in your honest opinion ? Thanks for your insights. Cheers
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Old Nov 1, 2003, 1:03pm   #29
 
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Hi Schoe,
No I am not CTFR, lots of people (sadly) live in Surrey. Yes I believe in CFTR , I used to be a City Trader, (hence need to live in Surrey)! However I have traded succesfully full time pa for a couple of years using a number of systems and am earning more tax free than the City was paying.Draw your own conclusion

Yes I have joined this posting in the past week , since unlike some threads , I am willing to help others (without charging)! trade profitable and enjoy a better quality of live. At least Tradertim apreciated my advise and Twiggytwo seem to agree. Perhaps I schould not bother next time.
Think this thread is probaly coming to a natural close .
Rgds
ps Twiggytwo thanks for your additional input will look into it more next week ,but now its Rugby World Cup !
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Old Nov 1, 2003, 2:16pm   #30
 
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Don't want to cause you any offence Tandy but I am suspicious of someone who praises a system that is a rip off. If you used to be a City Trader and earn your living trading how come you only started trading CFTR with £1500 as you said in a post a few up from this one??
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