8 AM Trader review

Sunday, November 28, 2010

INTRODUCTION

Yet another of those who make a tidy sum while you munch your cornflakes trading strategies.Unique selling point here is "come to the end of the week might be a better situation for attempting to 660 about 15 minutes every morning."Regular tax free benefits are created by a simple ' trade ' about FTSE every morning and the other on the DOW.

The strategy showed a return of 70 to 660 per week over a time frame 11 week during May and August 2010 assuming a position 10. in other words the risk 100 per trade based on applying a stop fixed point 10, no a single losing week during this timeframe.

THE STRATEGY

The manual is 74 pages in length. Alan Milton, the supplier, compares the approach to Lake fishing, layout 2 nets for catching fish regardless of how to (fish/markets) moved. entries DOW and FTSE is well defined and stops, as these are fixed (10 units of record).

The exit strategy from the other side is not so obvious, used terminology such as "judgement call", "take what you're happy with and rely on your gut instinct". Trading time is crica 08: 00 London time.

CONCLUSION

Unusual for us is that we don't even trade this strategy, we have our reasons:

-The author discusses a PIP for the movement of an index, a PIP is a term used in Forex trade only.
-The logic of the system doesn't seem quite good, why use 2 different, supposedly correlated markets, when only one as easily could be used.
-Exit strategy is simply too wooly.
-If you are running the recommended time, spread on the FTSE generally are so great that not really meaningful to be anywhere near this, especially if you are trading with 10 breakpoint.

We shall be non-existent trust in this strategy, notably the extraction process and the sheer logic behind it.


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