has anyone noticed the DOW-FTSE difference recently? FTSE has stubbornly failed to keep up with the Dow. The latest trade is ongoing, and is currently over 700pts in the red (according to the method, not sure what the new guy is doing on the website as a new trade hasn't been triggered). difference when trade started (meant to decrease) was about 5300. It's now 6000pts!!! That must be near a record high. Any comments?
Glenn
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Gecko
He appeared to have a new rule for closing a big loser based on a number of days, although it's not clear what that was/is.
The new trade is a short from 6031, so it's not the same trade. The last one was short from 5379 as I recall.
OK it's a short again, but if that's what his system is suggesting, then that's what he posts.
Glenn
He appeared to have a new rule for closing a big loser based on a number of days, although it's not clear what that was/is.
The new trade is a short from 6031, so it's not the same trade. The last one was short from 5379 as I recall.
OK it's a short again, but if that's what his system is suggesting, then that's what he posts.
Glenn
Bigbusiness
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I gave up on this when I realised how big some of the loses can be. It just doesn't suit me to withstand a large loss in the hope of making a profit in the long term. I am also not convinced that it works well in all markets. It would be interesting to see 10 years worth of results. That would cover bull and bear markets.
Thanks BB,
I seem to remember you and some of the other guys figured out how it works, I should look for your posts & see if I can back test it some more.
I'm out now anyway. Small profit this time, missed out a bit with Finspreads though closing CAC Feb & opening March. Think I can rollover with D4F, maybe try them as I now have a PC which can run their software.
Cheers,
Mute.
I seem to remember you and some of the other guys figured out how it works, I should look for your posts & see if I can back test it some more.
I'm out now anyway. Small profit this time, missed out a bit with Finspreads though closing CAC Feb & opening March. Think I can rollover with D4F, maybe try them as I now have a PC which can run their software.
Cheers,
Mute.
golddigger
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I see that Index King is selling the methodology for his Specials and also for something called the FTSE Stealth Trade .
If anyone has bought these I would be interested in their opinions.
If anyone has bought these I would be interested in their opinions.
FetteredChinos
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lol i discovered the method for his specials a while ago. unless it has changed since i last looked at his site.
from memory, the buy/sell target was the price of the Dow yesterday, plus the days rise in the FTSE.
eg to use an example. dow closed yesterday at 10314
lets say todays FTSE closes down 50 points.
that means that if the Dow closes TONIGHT at less than 10264 we BUY DOW/SELL FTSE.
if FTSE today rises 50 points (phat chance!) then the target for the dow is 10364 (10341+50) . if the DOW closes above that then we SELL DOW/BUY FTSE.
i think that is how it was worked out. he may have employed some filters to make the expenditure seem worthwhile. but really, the drawdowns can be humungous.
not sure what his stealth trade is though. sounds enticing doesnt it lol.
please dont take my words as gospel, you may want to double check that i have the figures correct..
FC
from memory, the buy/sell target was the price of the Dow yesterday, plus the days rise in the FTSE.
eg to use an example. dow closed yesterday at 10314
lets say todays FTSE closes down 50 points.
that means that if the Dow closes TONIGHT at less than 10264 we BUY DOW/SELL FTSE.
if FTSE today rises 50 points (phat chance!) then the target for the dow is 10364 (10341+50) . if the DOW closes above that then we SELL DOW/BUY FTSE.
i think that is how it was worked out. he may have employed some filters to make the expenditure seem worthwhile. but really, the drawdowns can be humungous.
not sure what his stealth trade is though. sounds enticing doesnt it lol.
please dont take my words as gospel, you may want to double check that i have the figures correct..
FC
FetteredChinos
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no, in know. and i dont really fancy doing so. 
im pretty happy with my own trading methods.
i will have a look at his website again and see if i can reverse engineer the rules. they arent that tricky really. apart from the arbitray exit rules.
im pretty happy with my own trading methods.
i will have a look at his website again and see if i can reverse engineer the rules. they arent that tricky really. apart from the arbitray exit rules.
Hi Jane
Can i ask have you been following these trades if so how are you doing ,i also worked out how they work but i found especially for the daily ones it was very hard to get on at the price specified ,it would be interesting to here your views ,thanks .
Can i ask have you been following these trades if so how are you doing ,i also worked out how they work but i found especially for the daily ones it was very hard to get on at the price specified ,it would be interesting to here your views ,thanks .
J
jaichopra
Mr.Chill as you have worked out the caculations formula,
would you be so kind to share as to how the daily trades are calculated,for the ones as I who would be grateful for your information. Many many thanks Jai.
would you be so kind to share as to how the daily trades are calculated,for the ones as I who would be grateful for your information. Many many thanks Jai.
FetteredChinos
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jai, see my post above, or see any of BigBusiness's posts on the IK theads previously.
with a bit of excel coding the world is ure oyster!!
FC
with a bit of excel coding the world is ure oyster!!
FC
J
jaichopra
thanks FC
BUT AS I AM NOT COMPUTER LITERATE EXCEL CODING OR SIMILAR IS OUT OF MY UNDERSTANDING.
I HAVE READ YOUR POST ABOVE BUT AM CONFUSED DUE TO JANE'S COMMENTS ".....YOU OBVIOUSLY HAVEN'T BOUGHT THE BOOK".
I WOULD APPRECIATE YOUR KIND CLARIFICATION UPON THE FORMULA USED FOR THE "SPECIAL TRADES" AND AM GRATEFUL FOR YOUR TIME AND ANY OTHER KIND PERSON FOR A DEFINITE CLEAR GUIDANCE.
MANY THANKS JAI.
BUT AS I AM NOT COMPUTER LITERATE EXCEL CODING OR SIMILAR IS OUT OF MY UNDERSTANDING.
I HAVE READ YOUR POST ABOVE BUT AM CONFUSED DUE TO JANE'S COMMENTS ".....YOU OBVIOUSLY HAVEN'T BOUGHT THE BOOK".
I WOULD APPRECIATE YOUR KIND CLARIFICATION UPON THE FORMULA USED FOR THE "SPECIAL TRADES" AND AM GRATEFUL FOR YOUR TIME AND ANY OTHER KIND PERSON FOR A DEFINITE CLEAR GUIDANCE.
MANY THANKS JAI.
Mr Chill
Yes I bought the book when it first came out. I don't actually trade index pairs as I've found a better pair. I'm not sure why but Richard has advertised the formula on Dow/Ftse Dow/Cac etc when in fact these aren't anywhere near the best to use !
If you want to trade just one index then you should look at either Nikkei/Dow or Hang Seng/ Dow because when the asians are over you can predict the Dow targets without having to worry about losing money in after hours on the asian markets. Also you trade when the conditions have been consistant over 2 days to get the better profits. This has produced 97% winners just by trading the DOW in this way.
The Ftse stealth trade is actually good but the opportunities are around 3 or 4 a month for the really easy ones.
Overall I have profited very well from this book and have no complaints. You get the formula and conditions then apply it to the pairs given as examples or find your own whether they are indices or whatever.
I usually do £3-£5 stakes and have made over £4000 since I bought the book, thats with Ftse stealth and my own choice of trade (Dow/HS)
Hope this helps
Jane
Yes I bought the book when it first came out. I don't actually trade index pairs as I've found a better pair. I'm not sure why but Richard has advertised the formula on Dow/Ftse Dow/Cac etc when in fact these aren't anywhere near the best to use !
If you want to trade just one index then you should look at either Nikkei/Dow or Hang Seng/ Dow because when the asians are over you can predict the Dow targets without having to worry about losing money in after hours on the asian markets. Also you trade when the conditions have been consistant over 2 days to get the better profits. This has produced 97% winners just by trading the DOW in this way.
The Ftse stealth trade is actually good but the opportunities are around 3 or 4 a month for the really easy ones.
Overall I have profited very well from this book and have no complaints. You get the formula and conditions then apply it to the pairs given as examples or find your own whether they are indices or whatever.
I usually do £3-£5 stakes and have made over £4000 since I bought the book, thats with Ftse stealth and my own choice of trade (Dow/HS)
Hope this helps
Jane