I know you and your team are doing your best but I doubt the business model is really sustainable per my previous comments about the difficulty of finding an edge (& traders with an edge) in forex these days.
First of all i'd like to clarify that i'm not intentonally blunt, i understand how hard and desperate all the followers might feel and even the trader himself.
BUT the trader had people asking him for a sign of life, having their accounts demolished for a potential profit of , what, 20 pips tops?!
It's a basic golden rule that no trades should be open, especially by ''pros" before a central bank announcement, especially from a central bank belonging in EU.
I can't even contemplate how can someone trust 20k's on an unknown dude from the other side of the continent.
Yes the market has changed dramatically this year going from been v quiet prior to Sept to trending type behaviour since then. I still swing trading yes.
Actually I am not really a fan of back testing since it measures the past price action not the future. I should explain the logic behind this in a future video.
Gary's website can be found at http://www.scalpfutures.com/
Video about Forex trend following: http://learncurrencytradingonline.com/subscribe-surf.html
Appreciate what you are trying to do with the site but most of the traders are only making money by carrying hidden risks (inc Viper). Eventually this hidden risk shows up as per Dayfox & FXAmp. I have made this mistake myself in the past. It is pretty tough to make money in forex right now given the random walk/levy flight structure of the market. I suspect systems analysis won't help very much.
Also do you have any mathematical modelling results for your system. It will vary a lot from market to market but I think Trendcatcher is very powerful if used selectively.
Thanks for your feedback. As I pointed out to Peter, I am sharing the model that has worked the best for us ever since we've been using our TrendCatcher system across all markets and therefore, it absolutely makes sense not only to us, but also to a very large percentage of our customers who are scaling out with our TrendCatcher system and they couldn't be any happier. However, as I demonstrate in my presentation, our TrendCatcher system can be used the opposite, such as scaling in and holding all positions until the TrendDirection changes.
Please let me know if I can help you with any other questions.
- Fisic Financial ResearchCEOThe password for the private video page on my site is - 744805
Fisic was founded in 2010 by Peter Brennan, a former engineer turned professional trader. The name Fisic is Gaeilge for physics reflecting the scientific approach applied to trading.
The company was set up to respond to the needs of people who aspire to trading on the financial markets and need assistance from a professional trader.
Integrity is an important goal for us and we intend to stand out from the many unethical practices in the industry (false performance records, training scams, stock pumping and other fallacies). Our objective is to add value by helping people to become profitable traders.
Fisic Financial Research - Market Commentary 29th Sept 2014
I have opened a new Zulutrade and Metatrader 4 MQL signals account for readers to follow. The Zulutrade account is free and the MT4 MQL acco
Fisic Financial Research - Market commentary 18th August
A ugust holiday trading conditions so not much change last week. Price action has returned to been both quite and random. The dollar index c
Fisic Financial Research - Market commentary 11th August 2014
Frustrating week. I had some positions in profit but was holding looking for the dollar index to bust a move higher to 82. But it just whips
Fisic Financial Research - Market commentary 4th August 2014
As discussed last week I suspected the dollar bully would take the ball up to the next line of dollar index resistance at 81.50 and we saw t
Fisic Financial Research - Market commentary 21st July 2014
A better week last week especially for the scalper account. Volatility picked up bit mainly due to the news noise coming from the Ukraine an
Fisic Financial Research - Market commentary 14th July
Very random forex market right now and tough to trade. Any trade signals are suspect. The problem with a random market is that it can still
Fisic Financial Research - Market commentary 7th July 2014
Last week was difficult. I deviated from my 'scalper' trade plan because I thought there were some potential swing trade opportunities setti
Fisic Financial Research - Market commentary 30th June
Quiet market again last week with the dollar index in random walk mode with a slow drift back down to the 80 zone. This lack of directional
Fisic Financial Research - Market commentary 23rd June 2014
A dull forex market last week apart from some minor moves after Yellen last Wednesday appeared to row back on inflation concerns. The verbia
Fisic Financial Research - Market commentary 16th june 2014
There was not a lot happening last week with the exception of Thurs night (8pm GMT) when sterling took off like a rocket after BOE governor
Fisic Financial Research - Market commentary 9th June 2014
Well, last Thursday Draghi stepped up to the plate and lowered rates from 0.25% to 0.15% and actually pushed the deposit rate into negative
Fisic Financial Research - Market Commentary 14th April 2014
Dollar bulls really crashed and burned last week when the Fed came out with pretty inconsistent minutes from its last meeting which seemed t
Fisic Financial Research - Fisic performance & Analysis for first we...
Currency direction relied heavily on two events last week. The ECB on Thursday and the US NFP number on Friday. As it turned out Draghi (ECB
Fisic Financial Research - Market commentary 31st March
A fairly quiet week in forex last week with the dollar index reluctant to move away from the 80 zone. Volatility is on the low side right no