Im going to post some big news on tufxp soon........................................
Come on Croman.
Don't keep us in suspenders.
Im going to post some big news on tufxp soon........................................
Come on Croman.
Don't keep us in suspenders.
I am busy composing it at the moment but i might post it from the safety of my bedroom
later...............................
OK here is the nine o'clock news from Croman, Even though I sent the material back to keith, I was still able to trade as they had already agreed to give me a 2 week overun (good of em!).
Well I logged on this morning and there was no signals jeese I was on my own!! good golly miss molly.
Before I tell you about my trading day and an amazing forex discovery I want to say that after my trial with TUFXP I am £5 up, mostly on 50p, £1 or the odd £2 bet. So I have to declare that I will NOT be returning to them. (I can hear the cheers, calm down now) basically I do not think Canonbury are shysters just good marketeers and they have some thought provoking products and they ALLWAYS refund on time, so do not be afraid of returning your products to them. In the next post I will let you know how I got on today by myself and my AMAZING discovery which will make you double money.
Croman
I am busy composing it at the moment but i might post it from the safety of my bedroom
later...............................
Croman
You the star! Really they gave you to more weeks to try? And you have an idea how to double money? Woow!
Let`s share with us... Cross my fingers that you will
Arek
I see what you mean, but surely nothing can say how far a long or short will run.
Im going to post some big news on tufxp soon........................................
CROMAN
Reach, Well I had to give it a good trial, I think pip chasing on small bets is not the way to go, so I am going to have to change my trading philosophy.
To day I AM £50 UP on my own £1 trades so anything is possible, I am busy at work today so I am going to post my AMAZING discovery to-night, (I sound like a canonbury e-mail).
Happy Piping
Croman
Hi everyone
I'm very new to this and have had very limited success to date with trading. I keep getting emails regarding 'The Ultimate Forex Predictor' software by Keith Cotterill. At over £2K, it's either worth every penny or a rip-off. Has anyone had any experience of this software?
Sheena
Hi Sheena,
You're asking the right questions and not jumping to any conclusions. Although it seems from some of the responses on this thread that participants clearly THINK they know everything there is to know about Forex trading when we the truth is we should all be constantly learning and innovating. Others others on the thread should be in a band -well done lads!
So I tried and returned the software package from TUFXP after 3 weeks real trading with a very small handful of pips under my belt. Although certainly not the thousand that some of the endorsees claimed to have made within a few days from buying the package. I am sure I will get my £2k back as this publisher is reputable - although some of the products they offer are, in my opinion, absolute junk.
Even though I sent this software back I must say that TUFXP is far from being Junk. The guy that put this package together is defintely not a muppet. It's clever and whilst it certainly isn't Meta Trader, some of the ideas are neat.
However... in my opinion, there are some pretty fundamental issues that they need to address (and I beleve could sort out if they wanted) to get it closer to the standard it should be to match the fantastic copywriting on the marketing blurb. So here's the rub..
Whilst I haven't tried its' earlier or associated software "Don't Tell The Professionals" (DTTP), (I think based on book by Keith Cotrill in respect of "Professional Money" trading various instruments on exchanges), TUFXP uses the same basic algorhythm and concept with the data stream coming from IQ Feed.
I am no computer nerd but in short the trading alarms provided by the software are predominantly created from "TRADING VOLUME". This means that a bar in a particular trading time frame might experience a high volume of trade and this on T.E.S.S. (the programme) = "Professional Money" either buying or selling the market. Based on this activity the software will either tell you to buy or sell the market.
But from what I know this is a problem in Forex that dose not exist on exchange traded instruments such as stocks, shares, futures etc. - where the single exchange can provide acurate traded volumes. And the reason... "Forex isn't traded on a single exchange" so where does the "volume traded" data from IQ feed come from?
Without looking at forex futures contracts (SSI and COT) etc., I don't know. So whilst basing equities, commodities and futures on 'volume traded' might work I have reservations about relying on this for Forex.
So does TUFXP (T.E.S.S.) actualy work? "Yes" and "No". In a stronlgy trending market it certainly does and I can imagine it giving a novice a real confidence boost to entering a trade. In a range bound market, however, it is my opinion that it could use improvment.
Putting this in context, if there has been some big new relaese and a market starts to move, it's not that hard to see that happening and jump on board for a few pips. But trading in a sideways market is a much mre diffcult game. And TESS gives so many conflicting alarms in such a market that you might as well turn it off. For example you might be told to enter a short position on one 5 minute bar and then 2 bars later told to enter a long position.
Another flaw is support and resistance. A piece of software that advises an entry "going short" 8 pips above an R3 daily pivot is problematic. Although in fairness move exhaustion is 'briefly' refered to in the training video.
I must say that the trade management signals (trailing stop calcs) are very good to help the inexperienced trader discipline their trades. In fact I think that this is probably the best part of the package.
In summary, whilst it wasn't for me I would suggest that you give it a try for a month. I wouldn't use it in a rangy market but I feel it might help boost confidence if used in conjucntion with other analytic tools and indicators.
Everything I know about trading Forex I have learned in the past 5 weeks. The most important thing I've learned is that I know nothing.
Trying Cotteril's system just lost me money, however I could see it wasn't junk.
You say that it works, "when the market starts to move". I found I couldn't distinguish a sideways market from an active one. You make the statement with the benefit of some years experience. This is why I believe your advice is good only for someone who has been studying these markets for at least a few months.
In my view any novice is going to lose over the medium term.
You say the management signals are the software's best part, but Cotteril has frequently suggested increasing trailing stop distance at the same time as pointing out how important they are in mitigating loss.
My advice to the novice - keep clear and save your 2 grand!