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; twiggytwo, I see you are long CELL and CHIR and that you are holding the positions overnight. I have to ...

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Old Nov 1, 2003, 8:22pm   #33
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twiggytwo,

I see you are long CELL and CHIR and that you are holding the positions overnight. I have to say to you are you mad ? Have you seen how much the Nasdaq stocks have been gapping both up and down this last 10 days ?

Some have gapped by as much as $14 with others gapping $10, $7 etc I would argue that it is a total lottery at the moment to hold overnight positions. Personally I just wouldnt want the possible risk of losing 1,400 points but it is your decision.



Paul
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Old Nov 2, 2003, 12:52am   #34
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Hi Paul, I think you must have crossed wires when you say you see I am long CELL and CHIR as I am only long on one , it's called
CELLTECH CHIROSCIENCE and is listed (CCH ) in the FTSE 250 LSE you can see it if you look on Finspreads under the FTSE250 under C . The CSI feed and software covers all markets, Shares, and 72 world futures Commodities and all the world Indices it may come from the USA but you can still use it to see the London Market . I Have a moving stop on it 1/ 407.4 2/418.4
3/435.4 4/441.4 and the present stop no 5/ at 444.4 I do not think I'm mad as in the the last 2 years I have opened and closed 1,115 Spread Bets ( I keep good records ) with real money NOT paper trades and I have not gone bust, but made profits. Regards Twiglet
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Old Nov 2, 2003, 11:06am   #35
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twiggytwo,

I unreservedly apologise, my excuse is that it was Saturday evening with a few glasses on wine in me. I obviously didnt read it properly and thought you were trading Nasdaq stocks which you were not.


Paul
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Old Nov 3, 2003, 8:24pm   #36
 
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schoe/numspar/Trader333 - could you perhaps throw some more light on why you have negative views on the CFTR offerings?
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Old Nov 3, 2003, 9:16pm   #37
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For me it started with the advert in The Mail on Sunday that said
"Who Else Wants to Make £12000 per week on FTSE and Dow" The implication is that this is easily achievable which it certainly is not.

There is also a simple method of knowing if these "too good to be true claims" are just that. If it is that good everyone but everyone would be talking about it and everyone would want a piece of the action.

The discussion of how successful CFTR is across all trading borads is deafening by its absence.

Also if you could make £12K a week spread betting why waste time developing and then sell a system at all ?



Paul
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Old Nov 3, 2003, 9:26pm   #38
 
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I went on the course and sat in an untidy bedroom at his house in front of a computer to be shown gold bars that were supposed to show institutional selling or buying in other words VOLUME!!
After spending a fortune for the dubious pleasure of being shown this I then had to spend more money to buy some software which doesn't work and to be sent levels which are supposed to be a buy or sell signals on the indexes(for another fee!) I can get better more valuable info from free sites on the web. I have been on a few courses and this in my opinion was by far the worst value.I am not going to say anymore because people will disregard my comments and still go and waste their money. Oh yes before going he gave me the phone number of the chap who is supposedly earning the £12000 a week he was rude and unhelpful and said he used a variation on the system and stayed up all night trading! I was still gullible enough to go! If trading was as easy as knowing preset levels to buy or sell before the market opens then we would all make money the market reacts to news and sentiment this is not measureable using any software in my opinion.
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Old Nov 3, 2003, 10:24pm   #39
 
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schoe - thanks for the reply - can I just ask how long you traded the SignPost signals before deciding it wasn`t for you, and did you trade all their list of indices/commodities/currencies or only the indices?
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Old Nov 7, 2003, 12:20am   #40
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Twiggytwo,

could you explain a little more about CSI and where you can get details - a link or web address perhaps. Is it expensive?

Many thanks

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Thanks! The following members like this post: TheBramble
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