Hi Martin,

Well that worked like a dream today,+£1500 net !

(To work out NZD rate Multiply 1500 x 2.7 to arrive at $4,050 NZD Equivalent for this particular trade)

I must say I wasn’t convinced on the upside after so many contracts on PAT yesterday trading at between 4350 and 4380 ,about 6000 contracts and we only got a move up from yesterday number one of about 60 points. I must say that when we broke through the sell line today I was thinking happy days !!

Cheers

Phil

P.S. I’m gonna buy my mate PAT a drink now !!!

——————————————————————————–

Martin, forgive me for blowing my own trumpet, – but that’s 190 points I’ve

made during the past two days!!!! (£2,945.00 Per contract traded )

Steve Fry.

——————————————————————————–

Martin

Just a quick note to let you know……………

Yesterday Bf day….90 points (£1,395.00 Per contract traded )

——————————————————————————–

Today(did not check until after open)missed long for 30 points(angry with myself)

Watched fall all the way back to zone(resisting urge to trade short against the strategy)

Stuck to plan short at 27 on spread bet ,closed at 37 for 90 spot on.(pleased because i traded short although head said market not gonna drop anymore). (£1,395.00 Per contract traded )

Two days gone to plan, much easier than my non-bf scalping days!

Thanks once again

Steve

——————————————————————————–

Sell order activated at 4327.

Stop at 4357

Limit at 4237

LIMIT HIT!!!!!!! – 90 points taken. – It’s almost too easy today! (£1,395.00 Per contract traded )

Steve Fry

Back to home Page

——————————————————————————–

My day to date – should have gone long after early retrace but sat and

watched. Mindful of yesterday’s No 1 at 4380 went short on spread as market

had achieved its 100 points from mid. Filled at 4419 and waited to see 4380

tested. It appears to have failed the test – now at 4361 and 58 points to

the good.

Next serious test should be 4355 and intend to exit when touched.

Just regret missing the early 30 points under BF. (£899.00 Per contract traded )

Regards

Peter Baker

——————————————————————————–

Martin – Fri looks like another inside day presumably we just recalculate mid price as in BF1 etc and trade mon & tues as well?

Not having a bad week so far +104 (£1,612.00 Per contract traded )

Thanks & kind regards

James

Don’t be put off by technical jargon words such as pips, point, or contracts. These are just basic trading terms that are FULLY explained and DE-MYSTIFIED when you take the online trading course. They are nothing more than words used to explain market movement and price.

——————————————————————————–

Martin,

Seemed like perfect BF Scenario 3 conditions. Waited until the first retrace

before placing the fill. This was at 4369, giving me a chance 88 points back

to the midline. – Brought down stop to protect profit once market had

reached the upper 15. -Eventually getting stopped out at 4299, giving a

profit of 70 points.(£1,085.00 Per contract traded )

Steve.

——————————————————————————–

Your explanations really are excellent and answer most of my pending questions…did manage a short at 75 limit buy at 50 for 25 points. (£387.50 Per contract traded )

David

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Back to home Page

not wishing to be outdone!!!!!!!!!…………..

I decided that I simply HAD to get into this market because of terrific

energy from two setups only 20 points apart – no entry using my foundation

strategy – have been noting your comments on PAT use (which I am not yet

running) and decided to ‘black box’ it away from the first no.1 price, the

open of 5303, going long at 5318, stop at (initially 96) 88 – determined

that this market would give me 90 points at 5408 – kept stop 40 points

behind until I saw massive volume at 5379 and decided to move stop to 5364

(15 points below) – just got hit for gain of 46 less spread – 4 trades this

week for gross 130.5 less 24pts of spread = 106.5 – I am really enjoying

myself – looking forward to trying out the PAT software when I’ve got the

time – D.H. confirms that it really is the business. (£1,643.00 Per contract traded )

Very best wishes as always,

Mike.

God this is fun!!

——————————————————————————–

Long today at 27.5..filled at limit sell of 61….plus33.5 Only one trade each day this week and each one a winner.Up 101 points on week..and there’s still so much more in this to learn.Many thanks.

David (£1,565.00 Per contract traded )

The Book that details it all.

PAT history, the BF trading strategy. Proof that what was printed more than 5 years ago is STILL a highly profitable trading strategy and will continue to be so due to its unchanging core structure.

——————————————————————————–

From here on below there is no longer the monetary equivalent of the points taken, if you want to know the monetary value then multiply the points by £15.50 (current value)

——————————————————————————–

Explanation ref failed mini-bf on short side followed by explanation of

revising Bf line with Pats works and helps the penny drop today.Only traded

long for 30 cos was not sure but good lesson.

steve lyons

——————————————————————————–

Points that I liked from course:

The postage stamp of the strategy. The opening of account with little money because as you said if you can’t make money with a little you won’t with a lot.

The fact that we need to be patient. The idea of using trading as a means to enjoy other things in life.

The idea of getting up and leaving the trading room and getting fresh air etc .Having a clear mind with the five minute review and living for now.

John Williams

——————————————————————————–

Martin came away from the day very pleased + 38. Thanks!

I took the first down bar of the day at 5173 short got stopped -14.

Was I wrong in taking this trade i.e why did you/ Steven not take it?

Regards

James

PS Still feeling that smugness!

Back to home Page

——————————————————————————–

Long at 22.5…got out at 46.5(No.1 on 21 Aug.)…plus 24

David

——————————————————————————–

you may be amused to hear that I reached my 90 point target and exited on limit while I was combining the last of our winter wheat this afternoon – also (after phone call from D.H.to say that price has hit the midline) I placed my entry stop whilst in a meeting with the architect in charge of refurbishing the pub we bought recently!! – the important thing is that my belief in my own trading strategy is so solid that I can take trading decisions without even having to sit in front of my screen, AND without hesitation.

you would be amazed (or perhaps you wouldn’t) and just how good I feel about life these days!

Best wishes, Mike.

p.s. I have a short stop in place at 17!

——————————————————————————–

Took my stop to 5305 so was taken out marginally after you. Had one of my

better days gaining nearly 70 points

Phillip West

——————————————————————————–

Long at 45 limit filled at 75..plus 30 ,have to go out so that ‘ll do for today

David

——————————————————————————–

Just a short note to let you know how I got on with PAT (Good Irish Name) today.

Installed PAT

Number One of 5183

Spreadex Quote 5197 – 5206 Bought £15 @ 5206

Spreadex Quote 5240 – 5249 Sold £15 @ 5240

Result £15 X 34 = £510

Happy Days have a good night tonight..Speak to you later.

PAT is paid for…

Conrad Lagan

Back to home Page

——————————————————————————–

Hi Martin,

Made 50 points short so far today. That’s over 300 points with BFs and PAT in

little more than a week. While not expecting this return every time, it’s a

bloody great piece of software. It seems to back up a little theory I had

devised called the 2:30 theory – that the market breaking long or short after

2:30pm <idea I had that the US market news starts to filter into the European

market and gives it a little push one way or the other> had some extra momentum.

Other factors came in, but PAT would re-inforce this.

Used to be that sons would want to become train drivers like their dads, but

Steven’s going to be a trader Welcome to the modern world – “The Cole

Trading Dynasty” starts here!

Have a good weekend,

Brian

Back to home Page

——————————————————————————–

Hi Martin!

I had a fair day yesterday:

Long on the Open (reversal) and Filled at 5550.5 (9:15)

Sell Limit Order Filled at 5580 at 12:14 for the 29.5 points.

——————————————————————————–

Hi Martin

Following THE BF STRATEGY took 30 points out today – call it ice cream dosh as am off to Dale (in Wales) to meet among others Max the surfing dog !! Yipeeeee.

Re the PAT – I will wrap my grey matter around in early Sept on my return.

Best

Gary

——————————————————————————–

Another 30 points!!!!

Steve Fry.

——————————————————————————–

BF Day 1 got 30 points.

David

——————————————————————————–

I think I got too many at +63 I moved up to 5828 immediately after new

upspring formed whilst you waited until the market could retrace 30 points to

this level. I also started locking in points on significant retraces after

seeing P&F chart bounce a couple of times at 5930 which seemed to look like a

support zone. I realise now I was outside strategy but you will have to put

it down to ignorance rather than a deliberate act. I am sure I will get

better with a few more trades to follow. It seems to me that you tend to move

stops only to a point where the market can always retrace 30 points on BF

day1. Can you confirm?

Derek

Back to home Page

——————————————————————————–

Hi Martin,

managed to make 40 points in the morning before being called away from trading. Didn’t bother to email because it seemed so puny but, although a bit disappointed I couldn’t hang around beyond 11 am, am still happy that I stuck to the strategy exactly. Also impressed with the “professional money” indicator. It meant the break of the 5930 line had backing and fulfilled its potential very well. Will this be increasing the number of points on offer or just making the current lot more secure?

All the best and thanks again for the great support!

Brian

——————————————————————————–

Back to home Page

Hi Martin,

Caught the rise out of the zone yesterday at 5907 ( just above the

initial high of the day ) and was stopped out at 5930 after lifting my

stop a couple of times. Straight forward 23 points.

I wasn’t ready to trade through the bottom of the zone so late in the

day and was surprised how far it went down !

Not sure about BF day +1 since it has been up and down all in one day.

Richard

——————————————————————————–

Hi Martin,

Again, it seemed that I prempted what you were doing. Placed a buy order at

5898 and got filled soon after. Watched as it seemed to proceed to greater

heights. Moved my stop from 71 to 81 soon after. Eventually moving my stop to

5929 just before your e-mail of your stop move to 24. Left it there until

being stopped out by the dramatic decline. I was a bit dissapointed that we

didn’t have the full run, but still made a gain of 24 points after spread.

Roll on days 2 & 3. Hopefully the PF signals are a little bit more reliable

Mike Sugars

——————————————————————————–

Hi Martin

Have been having a few bad spells with the P&F, but not today, entered at 9:27 looking for a 60 point profit, as I’m not brave enough for the big 90. Have missed many a good opportunities. Well, it paid off at 1pm.

Looking forward to seeing the software re Pro money.

Thanks again for the great support.

Best Regards

Sylvia

——————————————————————————–

Hi Martin.

68 points yesterday! Went out afterwards, sat in a beautiful square near the

university of Granada, and had a beer and tapas.

Laters,

H.

——————————————————————————–

Hey MC,

I got in @ 5890 based on the P&F set-up and also 5889 was my buy line. I got

out @ 5957 at 12:20 (GMT) as I had to go and do some work, now looking at the

charts, I think I got lucky as it was close to the high of the day. + 67 points

Later dude

Paul

——————————————————————————–

Hi Martin

Had moved stop to 35 before your (non) advice arrived but hey took out 30 points !!

Have been doing some NLP work on myself recently because I was aware I needed it – as a result I feel that I have been concentrating much more on the quality trade aspect of the game. Today was for me a good example of this for me – very early on today by following the strategy I had eliminated the prospect of a loss – I could ONLY win from thereon.

Enough about me – hope you all did as well out there – looking forward to Friday !!

Best

Gary

——————————————————————————–

I did some quick number crunching regards my initial trading in July:

I had 8 trades: (+4/-4), 50/50 as predicted.

The P/L ratio conformed almost precisely to what the BF System predicts! (Minus 49 points / Plus 156 points).

Robert Bauer

Back to home Page

——————————————————————————–

.but not such a bad day in the end?!

Buy line to 28 and then sell line to close for a net 77.5!!

you’re a brick, Martin.

regards,

Mike.

——————————————————————————–

Plus 32.5 on long side

David

——————————————————————————–

Martin!

Never did I ever believe that I would be responding to you so soon after your recent compliment and confidence in me! I have had my course fees paid back by the market in my very first five days trading in a ‘Live’ environment!!! (Don’t bother putting this up on your web site: Nobody would believe it!!!) OK, I did paper trade for two months after returning from Spain in May; but one of my goals was to actually go ‘Live’ within two months of attending your course. I was grateful simply for having achieved that! The transition from paper trading to ‘Live’ trading was, indeed, seamless, as you said it should be!

Now… even though I don’t plan to deviate from the strategy, I do need to be able to deal more appropriately with understanding ‘volume’, strength, re-enforcement & support. I feel it’s time to please put me on your members group mail

Tell me (I’m curious!): Has any other of your ‘Virgin’ students ever made more than a £1,000.00 on their first profitable trade?

Bob

——————————————————————————–

Hey MC,

Well, another good day, I had a -8.5 and then +30.

With the P&F charts, I am able to trade with courage and conviction, but I

still need a little more time when trading off the tick chart. I missed out

on the +30 on day1.

£333.00 per contract traded

——————————————————————————–

Filled at 5826

Stop loss at 5819

Limit at 5856

Limit just reached. Another 30 points!!

£465.00 per contract traded

Steve Fry.

——————————————————————————–

Took 29 points from a lunchtime trade. Could have had 30 but set my limit on

5855 instead of 5856 as you said to try and pick a significant number. It

went to 5856 and I noticed 4 contracts traded. Were these yours by any chance?

Derek Olsen

£465.00 per contract traded

Back to home Page

——————————————————————————–

Hi Martin!

My paper trades in the recent past had confirmed what you intimated to us in Competa: that Day 3 can often present more opportunity for us. I hope tomorrow is no different! I’m up 95.5 points since my 1st trade last Monday morning!

Robert Bauer

£1480.00 per contract traded

——————————————————————————–

Morning MC,

Were you late out of bed this morning, haven’t heard from you.

I took +30 this morning from the nice little set-up in the P&F.

Paul

£465.00 per contract traded

——————————————————————————–

Martin,

When the spring formed at around 10:20, I proceeded (on paper) to place my fill order on the end of the spring at 5813, my stop at the other end of the spring (cross-referenced on the tick chart) was at 8526.

Because the risk was 13 points in size, I placed my limit order at 5774, (ratio 3:1) -39 points from the fill and then sat it out. gradually progressing down to my target around 1:40pm. So there you are, 39 points taken!

Was I right to sit it out and take my target pointage or would you have moved the stops and then gone for even more profit?

Steve Fry.

£604.50 per contract traded

——————————————————————————–

Martin!

I was having teething problems with Trade screens and felt I wasn’t 100% ready to drive them just yet… Still, I knew the basics, so decided to dive in at the deep end and have a go! I decided not to miss the opportunity of a BF Day 1.

You know I took a 14 point loss early on…

Later on in the morning I recognised that the market was reversing and going North!. When it broke through at quarter to eleven (London time), I got Filled at 10:52am at 5806.5 and placed a Sell Stop at 5797 to give me a 9.5 spread. I had previously arranged to drive my neighbour to Liverpool at 2:30pm, so knew I had a couple of hours to try and reach my 90 target (5891) and collect some 84.5 points.

£1309.00 per contract traded

Back to home Page

The market rose steadily for over 3 hours and was approaching 91 (indeed, it was at 5887.5!) when I had to exit. I knew I was well ‘into the money’ and wanted to wait (I already had a Sell Limit Order in at 91), but I didn’t want to move my Stop and leave my equipment un-attended for 2+ hours. (Disaster if I got disconnected!!!)

So, circumstances forced me to Sell at Market and I got Filled at 2:14 (London time) at 5878 giving me 71.5 points for the trade and netting me 57.5 points for the day. I accept the fact that I didn’t adhere to The Rules as the target wasn’t reached and the market subsequently moved in a Southerly direction to Close in the 30’s (5841 actually). I was quite fortunate in bailing out at the time I did! No, I am not giving the money back!

Fact is, and more importantly, I’m no longer a paper trader!!!

I am now about to become a Stage 2 Player!!! (And all thanks to you, of course!!!)

I hope this is the very last ultimate long message you ever get from me. I will, however, still question and have questions, but they will be shorter, I promise!!!

I hope I haven’t been too much of a trial for you… Thanks for persevering!

Bob!

£891.25 per contract traded

——————————————————————————–

Just for the record I have ordered Trade Station from Larry…and on the

advice you gave me on course I have waited until the market paid for it!

I think it will help my learning process but I will not break my plan for BF

DAYS.

Steve Lyons

——————————————————————————–

Hi Martin,

You haven’t been dozing again on that patio of yours ?

Have been stopped out once …very close call on the stop….but I lost the argument

Now short again with 12 points locked in

Good morning to Steven if here is watching AND learning today

Regards,

Howard

£186.00 per contract traded

——————————————————————————–

Took 29.5 points on short side…..got an appointment.. wouldn’t like to call it…just because I shall be away if it does 90 !!!!

David

£457.00 per contract traded

——————————————————————————–

Hi Martin

I went short at 6114. Stopped out 6071 for 43 points. Like you I thought it was looking sluggish. Now waiting for retrace or return to zone. Maybe delay day tomorrow which may go well with the US back in.

Thanks for the confirmation.

Best regards Derek

£666.00 per contract traded

Back to home Page

——————————————————————————–

Hi Martin,

I did a carbon copy of your trade apart from the entry point which was 6106.

I drew support levels from 2nd July of 6086 and then 6058. I thought there

might be a problem in breaking through that. + 41 points

MikeHi Martin,Report:In early, linked up.1 Short 6115.5 – usual problem stop too tight stopped at 6130.5 = -152 In again Short 6115 – stop too tight stopped 6119 = -3.53 In Again short 6115 – 2 hours later needed to go to meeting pulled in

tight to 6063 stopped at 65 = + 50 pointsNow if I had followed the rules stop at 6146 would have been better.I’m probably going to break now until the next BF day while I get things

sorted out here!

CheersJohn

£775.00 per contract traded

——————————————————————————–

HI Martin,

Grabbed £406 net today. It was like pulling teeth !I noticed an isolation tick at 6052 which turned out to be the bottom. Closed my stop down to 6073 and was taken out. Hopefully a delayed day tomorrow!

Cheers

Phil Sawyer

Many thanks for the warning

——————————————————————————–

I was short at 6114 and escaped at 6068.5 for +45.5

Went short on spread also at 6111 and got out at 6065 for +46

All in all a very good day (though nerve wracking when it broke the mid for the second time at 09.50)

All the best

Peter

£713.00 per contract traded

——————————————————————————–

I waited and I stuck to MY strategy and look what happens I have continued to make good!!!!

On Friday I got stopped out for 10 + 6 = 16 points But overall the 3 day event has returned a good profit points wise and also some small amount of cash !!!HowardYesterday got stopped -31.5 pts and lost 42 points on spread bet. Went long on spread and took 71 points @ £20 out which recovered the day but didn’t have the confidence to go long at 5908 which should have done for a proper 90 points. Did you???

Regards

Peter Baker

£1420.00 per contract traded

——————————————————————————–

Hello Martin

Did short it from 57, I had 42 in the bag at one stage but was to generous with the retrace and ended up with 20 then had to work from 11.30 daxtime. Gutted that I missed the afternoon going long, next time.

One thing Martin I didn’t understand why you got stopped out at 52 on your first trade, your s/loss seemed very .close or did I miss a signal

Best regards Gary

£806.00 per contract traded

Back to home Page

——————————————————————————–

Hi Martin

I did well this morning taking 40 points, 5865 to 5825, on the short but as has happened too often, the day job took me away from the real action. I am still trying to work a strategy (for work not trading) that leaves me able to concentrate properly as I start responding emotively, we know how destructive that can be, if I get distracted. I am only dealing on BF days. In general I do tolerably well but could do better.

My day job is going too well for my trading business. The difference being how I want to live.

Anyway what can I say to except thanks again.

Best regards Derek.

£620.00 per contract traded

——————————————————————————–

Out at 5998……….

YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEES!!!!!!!!!!!!!!!

£1390.00 per contract traded

Note actual £’s taken are not listed below here as I am sure by now you have the general idea. (ie each point taken has a value of 25.00 Euros / £15.50 per contract traded. So 50 points profit with one contract = £775. Two contracts £1550 Four contracts £3,100 etc

——————————————————————————–

Mike

Finally ended up £1052 after dealing like a plonker on the downside and getting my composure back on the up side !! I finally got them to honour the trade at 5998 which was the limit order I put in about 13.47 to be in front of the queue when It got there. It never got filled so I sold one at market 5978.I’m not so sure there wasn’t any dodgy dealing going on as they only told me the order had been filled after I phoned them to complain. But anyway I got the fill at 5998 which was absolutely spot on. Thanks again for your guidance !

Cheers

Phil Sawyer

——————————————————————————–

Hi there

Yesterday I did pick up on some largish buying @ 5895 ,5896 at 16.00 and 18.00 so was not too surprised to see huge retrace.

Took out 40 on the short side early this pm and was happy with that.

Best

Gary

Back to home Page

——————————————————————————–

Howdy pard’

Although I’ve been a tad quiet recently, this is only due to me taking you at your word Martin. I’ve started to switch the computer off when non BF days, and after trading, simply switching off and going swimming etc. MUCH LESS STRESS!!!

Had a good month and the discipline is approaching something reasonable. Today – a measly 21.5 points but hey, points make prizes. Last two trading days previous to this one, 40.5, and 40 points. Steady as she goes…..

Hope you’re in the best of health.

Cheers, Henri

——————————————————————————–

Initial entry was fine….pulled my stop to 50 from 62..disappointingly stopped out at 52.5….plus 12.5

David

——————————————————————————–

Long at 5911…closed at 5940..plus29.So well pleased with 41.5 points on what was an interesting day

David

——————————————————————————–

Thanks again Martin, It was really good to see confirmation on-line via your emails. I was ready for the start but by the time my order ticket came up the market

had dropped. In a t 5860, stopped out 5836.5. On Easy2trade it seems you cannot bring up the order ticket before the market

opens. all the best David NayarShort at 5927.5

DavidClosed out at 5889.5…..plus38

——————————————————————————–

Dear Martin, Thanks very much for your emails etc. The last one with regard to the point

and figure chart really brought some clarity to entry points and stop points. I used it today and for the first time felt confident. I was stopped out for

20 points but I was being cautious (your email). The market went on to meet

my target – but what the hell I was being cautious and on a free trade. Thanks David NayarSold June dax 6083..took a considered exit @ 6035…plus 48

David

PS well done with the book. says everything …things in it I learnt for first time!!

As promised my thoughts for the day (UK times)

0800 Read your mail – decided I would trade only if ‘in the box’

0805 Opens at 6090 21pts off mid – wait and see

0846 Finally enters box to 6098 – placed sell under last bottom at 6078

0855 Market hovering I am not filled – think I should perhaps cancel

0857 See 150 activity bar at 6082.5 followed by nice clump at 6085 – expect to be filled now

0902 Filled at 6078 stop at 6108 – too wide perhaps? Target 6006

0921 It hasn’t gone south in a big way I’m beginning to have doubts

1040 Finally its headed south and going nicely

1135 There has been thin activity for a while – gaps in the tick chart and no movement. Decide to accept the points in hand and get out at 6039.5 -

should I have stayed?????

£500+ for 3.5 hours work – can’t complain.

Regards

Peter

Back to home Page

——————————————————————————–

Hi Martin,

Decided to abandon ship early today due to end of contract looming. Short at 6071.5, after isolation tick(Wasn’t convinced before that)and covered it at 6046.5(tried to buy at 6045 but easy2trade platform wont accept market order if your limit and stop orders still in, taking you over your limit. Worth noting). Anyway £382 profit rather good for mornings work!

I’m off to the garden with a beer while the sun lasts !

All the best

Phil Sawyer

——————————————————————————–

Hi Martin,I appreciate the tremendous dedication and service that you have provided. All your students are very fortunate.

Wish you and your family continued success.Regards,

Liang

Took 35.5 pts. before a previous commitment to take family to the seaside…it was a glorious day thank goodness!!!!! You are so right in what you say I hope all will take heed.I have asked for info from Easy..I may ring you next week assuming you have used it.

DavidNo too brilliantly, I’m afraid. I only managed 23 points gain, then I stood aside. On hindsight I could have made more if I had entered more trades. I am just taking one trade a time for now, until I gave more confidence. Also I do not want to sit by the screen all day waiting for a second chance. Once I make my points, I’m out…for now. I must try to stay in for the full points though. Will try to do better.

Thanks for pointing out my oversight on Monday. It was not scenario 3:

Paul

——————————————————————————–

Good evening Chief,

Got stopped out yesterday for £100 loss. Picked up the delayed day today. Short at 6237 and 6212 .Limit /stop orders in with the brokers. Off to the beach for the day with the family. Just got back ,18.15p.m.Limit order executed at 6161.£1200 net PROFIT!!!

Now that’s what I call a nice days work!!

All the best

Phil Sawyer

——————————————————————————–

Sorry for bombarding you today with inconsequential e-mails. I guess I am just getting excited now that my trading days are not far off, and having heard from two fellow students from the Feb course that their efforts are now starting to take shape.

Cheers

John

——————————————————————————–

Have been trying to keep to the strategy. Had a poor time late April and got fingers burnt a bit. Couldn’t do the last B/F day in May as was away in Cornwall for week but didn’t appear to have missed much.. Also was tied up yesterday but looking at trading reckoned it was a delay day.

Sat down full of expectation this morning. Good news and bad news. Best trade ever 60+ points. Bad news was that having watched it for over 2 hours decided it wasn’t going anywhere and it was time for a break. Within 5 mins it had dropped to my target 90 – that’s life and at least it restored confidence and delivered a good profit.

Philip West

Back to home Page

How to trade forex

Even more testimonials that prove how any ordinary person with the right guidance can become a successful trader.

Hi Martin.

Well after reading your book and reminding myself of a lot I had forgotten, I waited patiently for the MBF and picked up a nice thirty points. Could have been 90 but that was not what I was aiming at and easy to see in hindsight. Oliver did the same after also getting thirty points yesterday. I missed yesterdays trade because I was acting as go between with Larry and Oliver each on a different phone trying to sort out passwords.

Richard

——————————————————————————–

Hi Martin

I need say no more than you know even more about this game and us than I thought.

I have strayed and suffered a little. I did, however, return to the fold this morning (Son’s birthday and Bank Holiday precluded yesterday). Only took 48 points but you can imagine how much better that was than what went before.

There have been long lean spells in the BF strategy lately. Do you have an average figure for the frequency? I suspect not and imagine it is or should be irrelevant.

Anyway I am still out here and trying to remain pure.

Best regards Derek.

——————————————————————————–

Hi – I think you are missing a good day.

Yet again I am going to triumph by playing it slightly wrong- sold at 6210 without stop loss and just taken my 35 points profit. Entry point was dictated by bloody London traffic on way to work!

Pete Cousins

——————————————————————————–

Delay day for tomorrow!! Managed to get 20pts today. Sold at 41 and waited to see if the resistance of 32 would be breached. Did a steady drop over 3 or so hours. Decided to let it run and keep dropping the stop in between washing the car and feeding the cats. It paid for our lunch today anyway. I did enjoy it.

Later

Mike

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Hi Martin

Just to let you know that I made a trade today 30 minutes after arriving home from USA, because it was a BF day, scenario 3. I took 35 points in two minutes. In fact it was from the same phone call that Dax dashed forward, and I bagged it. The difference using the strategy was that my heart did not race. My first trade ever without emotion.

Thanks.

Paul

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Hi Martin

Congratulations on finally getting it off the press I look forward with anticipation to reading it.I have just placed an order for book, please check I may have ordered previously, but I can’t remember

Have I fallen off your trading E-mail list or did you not cover the BF on Mon/Tues and today?

By the way have just accumulated 116 points (40.5, 38, and 37.5) from the Bf and 2 subsequent days, but I was could only use the BF and 330 mid as signposts. Not really a coherent strategy!

Cheers Ian

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Hi Martin.

Just saw your comments for the BF day this week. Very interesting and I agree holeheartedly. I ended up doing more or less the same as you. I also managed a Day 2 trade this week with over 30 points after an excellent rejection at about 9.22. I now only trade BF, DBF and Day 2 and this is how it’s going to stay.

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Plus 37.5…when is this market going to make a positive move?..York races tomorrow so that will take care of today’s patience!!!

David

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Morning Martin.

Enjoyed this one. Sold at 100, buy at 65. Plus 35 on the day. Will send some pics of the bike over later.

Did you get my e-mail from 10th?

Mike

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Hi Martin.

I got in at 6104 closed out 6071 for my 30 points. Oli told me I should have waited to 6064 because that would have been 90 points off the lower -15 line at 6154.!!!

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Hi Martin,

Managed to get 22 points net from spread betting.

Going on to easy trade this week so hopefully I’ll be getting the proper market spread instead of 8 points!!!

All the best

Phil Sawyer

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Took 30 points early cos was not sure how far it would without your confirmation. Treated it as a day 2 and set risk/reward to suit! In when it came below 6100 cos missed early action and closed dead on 30 at 6065! I know there was a lot more but was not sure and Monday phones busy so kept leaving screen.

Steve

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Hi Martin

What a way to start a week and a new course! Perfect scenario 2 should have sold at 6117 I was slow off the mark got in at 6107.5.Target 6055 45 minutes on the button. It hit 6055 and took off north.

What can I say but thanks.

Best regards Derek

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Hi Martin

Just a quickly to say hi to your new attendees – tell them that I went to the market and retrieved fees paid to him – they can too !! With the departure or Messrs Stupid and Greedy came Mr Prudent who took out some sweet points today.

Look forward to the new forum, now a …”funny thing happened on the way to the ….”

Best regards

Gary Duff Smith

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Not in quite the approved style but I managed a net 90 profit – entered Friday at 6165 out today at 6075. (Stops were in place over weekend!). My first real chance to trade properly and a pleasing result. Looking at the updated students feedback on your website I have a bit of catching up to do on the colleagues from my course.

Look forward to the bulletin board.

Thanks

Pete Cousins

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Hi Martin

Bit of a mixed week – started with a total loss of 11 points from two trades – (nowadays I am a STRONG believer in stops and the tighter the better if one is taking an early morning foray from the outset)

As the week progressed I realised that in some way although I had made 2 very small loss circles I was feeling a bit niggled that I had had to give something back to the market. It was not a major headache or problem just a niggle – since then I have decided to look at the loss as a small contribution to the market so that it can give to some other trader who might be needier than I !!

In the light of this before my next trading session I sat here without the pc on and imagined that my mind was a bathtub and that I had just pulled the plug out so that I could empty it of all thoughts etc.

I entered the market early on and soon put a 1.5 point in the money stop on. The price turned back and I made 1.5 points. Before the start I had been looking at the previous day highs and felt a very strong gut reaction that the market just had to go up, so I did something that I have never done before – I went straight back in.

My instinct was right and I made 40 sweet points !!

Gary Duff Smith

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Hi Martin,

Good news again – had to estimate yesterday’ 2nd 330m values as PC had locked up.

Long at 5926 Exit 5963. Target 30 points as I was uncomfortable so far from BF line. But had to trade as system said so!! Initial stop was at 5895 – a bit wide for 30 point target, so moved to 5929 (break even) when I could.

Dithered a bit getting exit stop in, this time in my favour.

Whole trading account now positive

Cheers,

John

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Hi Martin,

Just want to say that It’s 08.35 and I’ve finished for the day with another £740 in the bin(net profit after trading with spread betting).

Course fees well and truly covered!!!

Many Thanks

Phil Sawyer

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Afternoon Guru. (sorry, I know you hate this term). Guess what I’m doing? (and should you think it’s worth it, please put this on the site) After thinking that I knew better (how many times have you heard this from past students?)and getting slapped for my efforts, I am now spending a very pleasant time going back over charts since the beginning of Oct and confirming, (as if it needed it) that if you stick to the rules, “the world’s your lobster” as Delboy would say. Why, why, why, when one knows it works, do so many of us stray from the path? Last Friday = classic example of inaction caused by negative emotion built up by MY OWN folly. Forget the rules at your own peril, that’s what I say. In response to your mails asking if there are too many testimonials on the site? No, it’s not too much. It’s a testimony to your professionalism. There are a lot of positive vibes out there thanks to you

Martin.

Cheers, H.

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Just had to drop you a line – could not resist going short on stop at 5834 AGAIN, but AFTER it had broken the midline – placed tight stop at 52 (just above the high) and it was spot on – so 18pt stop then gave me a (3×18=) 54 point exit at 780 – a nice little Brucie Bonus to end the day!!

I am SO chuffed!!

best wishes as always,

Mike

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Hi Martin,

Certainly a lively opening in the DAX today. Seems it could have broke either way. After sell line broken convincingly placed stop under start of first retracement(5787).Retraced approx.20 points, placed stop at 5703 ,under 2nd lower low. Filled at 5702.Market headed south and filled my first stop at 5785.Placed buy stop order at 5744 closed my stop loss down to 5776 and went out. Filled at 5748 for £910 profit. Stuck to the rules and it worked like a dream!

You still have to work very hard at this and be sharp but the strategy is excellent if adhered to.

All the best

Phil Sawyer

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Martin

I made 40 I shorted at 60 was stopped at 20 when the market retraced to 43

Ian Rogers

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Hi Martin

Thank you for the e-mails. They gave me the desired confidence boost. Sold late at 5821 (my feed went down at the crucial point). Bought at limit at 5751. I got that hit at 12:21. Made 70 points.

One day, I hope soon, we will get together and remember these nervous times.

Many thanks. Derek.

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Hi Martin

Was somewhat taken by surprise today because just as the market opened I discovered that 10 /4 had lost the 30th March from my screen. (fortunately I had made a print copy of it).

This diverted my attention somewhat and when had regained it I sold @ 5860, putting a buy stop @ 5830 very shortly afterwards.

The market took me out but hey I made an easy 30 points !!

Talking of which to date I have more than taken out the cost of course fees out of the market which makes me feel good !!!

Regards

Gary

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Hi Martin,

This is all looking pretty good!! Filled long 5866. Exit 5937.+71 points. All before breakfast. Biggest profit on a trade so far.

I’m moving, my expectations slowly up to the 90 point target. I’ve got entry & loss emotionless. Just need to do the same on the profit!!!

I could not have done this without your support.

Thanks,

John Patey

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Hi martin

What a brilliant run. Onboard at 870 and out at 954 gain of 84pts A great start to the weekend. If it falls back to the zone Today! do we go again?

Regards

Gary Simmons

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Martin

Enjoyed that. 50 pts after spread. How accurate is that??? Hit 55 then dropped off. Next time!!

Mike Sugars

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Martin

Only got 35 points after my spread – market moved too quickly before I could hit my buttons ! – no excuses, will be better prepared next time.

Tony Jiggins

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Hi Martin,

Thanks for the confirmation yesterday with regards to the breaking of the buy line.

Decided to trade with Cantor. Put buy stop at 5868(top of first peak)executed at 73.Stop loss order in at 62(below last trough) and MIT order at 5955(90 points from buy line).Filled at 5951.Net profit 78 points. An excellent risk/reward ratio!!

I must say that your strategy is an excellent one to follow .I just wish I’d followed this when I first started trading then I wouldn’t have spent the last couple of years like a dog chasing it’s on tail !!

Your course is absolutely perfect for people that have never traded before and excellent for those that have but are prepared to get rid of all those nasty habits that build up over the years and adopt the strategy RIGIDLY.

All the best

Phil Sawyer

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Hi Martin

Got in late due to reasons I cannot go into here but still took out a modest points win !!

It looked fun (but not in the biblical sense) Have to go out shortly to pick up my pocket money amongst other things but will try and call you later

Gary D

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Hi Martin

Just a note to let you know that yesterday I made 44 points, but started to be over eager, which I must discipline myself & then loss 10 pts.

Anyway another good day this morning took 34 pts in the first 10mins. Thinking it is BF2 so take the 34 pts & be done for the day.

Thanks very much for the support.

Best Regards

Sylvia

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Yesterday was interesting. Having had a couple of BF days in last week or so I hadn’t checked the previous night and had made other plans. Glanced at charts at about 10.30 and spotted the error of my ways.

Decided to chance my arm and got on just before noon at 95. Had moved my stop up a couple of times and when I replied to you was at 49. Got taken out soon after but had taken 50+ out.

Phillip

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19/3/01 – delay day – short at 5837, closed at 5747 + 90pts less spread. Hope you had a good holiday Martin -

Don’t think I could bear to leave the Dax behind now – rather stay at home!

Best wishes,

M.P.

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Hi Martin, had a couple of trades today. First one reduced stop in line with strategy but was taken out shortly afterwards with a slight profit. Undeterred and got on again for 40+ point profit. Off to play golf now as I think I’ve earnt it.

Phillip

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Martin

Just to give you some feedback on your course, you may find the following interesting from my perspective as someone who has never traded before.

I know it’s only been a couple of months since your course, but since I have been watching the markets, the urge to trade outside the strategy is fairly powerful. Time and time again, I say to myself, ‘I know which way it is going, I could take a bit out of this movement / trend here and make some money’. Especially recently when there has been 100 – 200 point moves in a day. Of course, the market always does its own thing, and this would be pure gambling.

The only thing that has stopped me taking the gamble, is the sound of your voice in my ear saying “I told you, you would do it ! You will learn by losing money.” Time and time again on your course, you stressed to ’stick to the strategy’, and showed us examples of losses that were made when tempted to do otherwise.

At the time, I could not comprehend why anyone would want to do otherwise ! Now I can see how easy it is to stray and look for opportunities to ‘curve fit’ so to speak.

I can still hear you say ‘you will trade outside the strategy, and you will lose money. When it hurts, you will come back to the strategy and start to make money.’ We all shook our heads and said in unison ‘no we won’t’ !

At the moment, it’s your smug ‘knowing’ smile that stops me !

I must admit, my first loss was when my trade was outside the rules, but in my defence, being a bit green, I did not realise it at the time.

On your recommendation, I read the book “The Disciplined Trader’, and the one thing I’ve taken out of it is the following statement:

‘As a trader, it is more important to know that you will always follow your rules than it is to make money, because whatever money you make, you will inevitably lose back to the market if you can’t follow your rules.’

For you it’s blatantly obvious, but for us beginners, it is quite a mental hurdle to be aware of.

Always learning, and with more experience I hope to emulate your more successful students in the near future.

Tony

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Saw your mail and bottled Closed at 5772 Why did you close? – 30 pts in the bag or lack of faith in direction? Anyway 62 pts to the good. (I’m embarrassed to admit my best yet)

Thank you

Regards

Peter

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Hi martin

I was too slow getting in, and dithered is it to late, as it dropped past 29 28 27? Then went in at 18.5. Now I was nervous, was I chasing the market? Anyway I was aiming for 744, Had my first stop at 848 dropped it to 822.5 at 12.48pm dropped it again to 784 at 13.13pm and was closed out 2mins later for a gain of 34pts. I’m pleased to have got started, but the first trade really got the adrenaline pumping!

regards

Gary

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Hi Martin, had a couple of trades today. First one reduced stop in line with strategy but was taken out shortly afterwards with a slight profit. Undeterred and got on again for 40+ point profit. Off to play golf now as I think I’ve earned it.

Phillip

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Martin

It never crossed my mind that there might be another bite at the cherry so I hadn’t entered the market when I got your mail. Quite reasonably I thought I would wait for the retracement and sure enough it came (29 points). I entered ,I knew as a somewhat weak holder, at 27 the now new low held for a long time but finally stopped out for minus 31.I am not angry with myself it was just within my strategy! Don’t say we’re off again tomorrow it will be day four. Had a really good February plus 354 points. As always your guiding hand is much appreciated.

David

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Hi Martin,

I think you sussed me out pretty well and yes I have had my distractions recently. This has been part of MY learning curve but now I am back on board.

I waited very patiently for the market to come back to the SELL line Today and then sold a little bit late at 6160. I had a stop in at 6180.

I managed to lock in 10 points ( I need 10 because of 8 point spread giving me a 2 point advantage) Then I just let the market pan out and was able to bag some 70 points .

Eventually getting out at 6090. So far I WAS 150 points up on the week. BUT like an idiot I thought I could call the market again this afternoon on the LONG side back up. This would have been possible if I HAD entered the trade using the correct rules.

But I panicked and took any old price on the way up and of course got stopped out for loss of 20 points . NOW I know how stupid I was. So although I finish up this week on 150 – 20 – 8 (spread) = 122. It could have been a “perfect” week had I stuck fully to the rule set.

A few harsh words from you will now doubt follow but I can take it on the chin because I believe I am almost at the point I want to be at.

The FREEDOM point. Hear from you soon.

Regards,

Howard

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Hi Martin

managed to get 85 pts today being greedy seeing if it would go above 6300, best tally so far should put me back on track with the bf strategy.

Ian

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Hi Martin,

I should tell you that I took 80 points today minus my spread of 6 = 74 points BAGGED.

Thanks a lot, YOU know how hard I have worked to get this far. Now we have tomorrow to look forward to !!!! I will call you soon

Cheers an beers,

Howard ( A rather happy Howard )

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Hi Martin

Got my account up and running at 8.30 and had placed order by 8.39 (impetuous or what?)

Only made 58 points due to huge downward spike of 38 points. I’m sure it will not always be this good, but many thanks for my first success

Ian

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Martin

Bought at 6220 stop at 6180 (Cantor Index at £15 per point)

1. Moved stop to 6220

2. Moved stop to 6250

3. Moved stop to 6570 Locked in 50 Points at £15 = £750

Still there………

Conrad

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Limit filled @ 91…plus 86 x2

David

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Martin

What can i say………just closed, 5 mins before the Nasdaq opens ,for 88 points closing at 6300 Lovely! Once again many thanks this system I love.

Steve

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Martin

plus 34×2..so I’m well pleased. Now for the next day

David

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Hi Martin.

I took your very sagacious advice and, after placing a stop and limit order oco, went out to see my friends for lunch. +26.5 It really does make an incredible difference to the state of mind to let the market just do its own thing and not to worry.

Ta v much. H.

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Just got back, stopped out at 35, +29 points, roll on next time, back to work now.

Gary

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Hi Martin,

Just a quick note to say that I made 30 points. In long at 6222 and out at 6252 after the first big retrace. I was holding out for more but then panicked and now I’m happy to have made 30 and be out.

Best wishes,

Pam.

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Martin

Bought on stop 6201 at 9:15 filled at 6201.5 at 9:18 and because I was fully prepared and ready to risk the full 30 points I set my stop at 6171 in the market no hesitation. Exit target at 90 points (6291 actually decided on limit stop at 6289). I sat calmly if not happy as the price fell to 6173. Then it rose.

I had decided in advance to shadow trade with spread a betting trade. So as the price rose again and I could see what was happening I placed a buy spread and got an excellent price at 10:00 AT 6195 exit target at +60 points (6259 in the market).

11:35 Moved DAX stop to 6208

12:20 Sold the spread bet on target at 6253 +58 points @£6 per point.

12:45 Dax dropping from 6260 sensed the market had changed so brought stop into 6240 should be relatively safe if we kept going up.

13:20 DAX stopped out at 6240 +38.5 points.

Thanks for your support.

John

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Hi Martin,

Long at 6201 at 10:02 this morning. Stopped-out at 6234 at 15:16 for a 33 point gain. Are we heading for another XXXX day scenario?

Regards,

Chris Morris

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Martin

First real (money) trade today – got in at 6206 and stopped out at 6235 for a 29 point gain hanks

Tony

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Hi Martin

It felt like the first day at school. I also feel as if I have joined an exclusive club. Feels good. Thanks

Mike

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Finally run out of patience and bought at market. Screen had passed below 6510 when I picked up the phone but despite going to 6509 got filled at 6513. Still +20 is better than – 20 – recovers earlier loss.

Good luck with your trade and have a good weekend.

Regards

Peter

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Martin

Felt I had to update you today as I feel good that my knowledge of the markets is really improving.

Lost 10 points on the DAX today. I was out most of the day and set a too tight stop of 10 points and lost it to the days high by just 1.5 points. I knew what was likely to happen to the market and would have entered again if I had been around (successfully as would seem).

However you will be pleased to know that there was a BF day on the FTSE and it behaved impeccably. I made 39 points and again left it to do it’s thing without me watching.

I initially set a wide stop but narrowed it to 13 points with a 39 point target and got it. I now understand what you have learnt and was content to leave it alone. I understood that either I would be stopped out, or the market would just drift sideways and end up being a delayed BF day (sounds obvious I know) but most importantly if it did carry on down then there would be a dramatic change in belief structures and it would continue down for a decent gain. I would have got more points if I had been in front of the screen all day but that is not the point.

I have more understanding of retrace and in fact welcome the 25-35 point retrace as a sign that if it does turn again and continue on down that this is another good sign that it will be our day. The FTSE shorted a total of 89 points from opening, almost exactly the normal target.

All in all a very good learning experience which is giving me confidence and understanding of the markets.

I know you are probably inundated with mails but thought you must like to know how we are getting on.

Regards

Robin

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PS sorry for not being in touch much this week but got 30 points twice at £20 a point each time…Still Happy Days…..Worn Out Also

Conrad

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Martin, I was just going to send you an email asking you whether you fancied a *****?!

Seriously though, a magnificent Valentines day gift for yesterday.

I got in @ 548 and was stopped out a 505. (this seemed like a reasonable stop when the market was @ 487.

43 pts minus 10 points spread @£10 a point = £330 profit.

I’m not getting cocky but it’s great to make my first BF circle a winning one.

Jason

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Hi Martin,

At last a success! I made 30 points this morning (it was a long two & a half hours!) so I’m happy. I got in at 6540 and brought my stop down to 6510 when it had gone down to about 6495, fully expecting to be stopped out and that was fine.

Pam

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Hi Martin

Took 49 points today, after waiting for the retrace & the market did not go thru the low of the day , instead is heading north for another retrace?. Decided to put in a tight stop loss & take the profit.

All the best.

Sylvia

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Martin

Another good day. I did have a few doubts during early – mid January as I lost 34 points during 2 trades one day, I guess the Christmas period put a damper on the way the markets perform. However during February it has been fantastic. Managed 9 points yesterday on day 1 but the DAX seems to be mirroring the last BF day and delaying over to day 2. Got out with 37 points today. makes a total of 119 for the month of February. Fantastic – long may it continue. Trouble is it’s a real sod losing 35 points on the retracement to my stop at 6512. I know you didn’t advocate this as a stop and it has turned and gone back down, but not to a new low, we cannot justify a 50 odd stop can we? What have you done today in the way of points? Are you still in.

Robin Lane

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Hi Martin,

Thank you for your reply yesterday. I guess you know the trade today. Sell on stop 6550. Mind set on 90 points!

Kept in for the drop to 6478 – wonderful, but then had to sit with the haul back to 7500.

Stared at the screen for so long and so hard I ended up with a headache.

At 14:10 pulled my stop into 6505 taken out at 14:13 for +44 points – never mind good profit and there may be more tomorrow.

John Patey

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An interesting day a post mortem on the results would be fascinating. For myself I had a stop at 13(having put it there before your e-mail” stops again”. Result plus 37 x2. What was the stop progression during the day. an interesting lesson to us all I imagine

David

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Out at 20 (plus spread) just before close – a disappointing 18pts (48 to 20 less 10) for what seemed like a very hard days work!!

Mike

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Hi Martin

Managed to get 26 points today, after a very rough & long ride. Also, lost my internet connection & had to phone the trading desk to close the position. FYI, if you haven’t already got it, the trading desk number for the DAX is in Switzerland 00 4141 726 9510.

Maybe, we will see a better trading day tomorrow?

Best Regards

Sylvia

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Entered late (and with great reluctance after making a fool of myself yesterday) on stop at 6770, then placed buy stop on the buy line at 6805 after fill – jaw dropping plunge came a while later and after such a long wait and (perceived) massive build up of downward pressure I was sorely tempted to break my own (and your) cardinal rule of exit and let the trade run – happily, good sense prevailed and I placed a limit order to buy it back at 6685 with masses of time to spare (quite proud of myself here!) – stop moved down to 6767 at the appropriate moment – closed out by one exquisite and solitary tick at 13:04:28. a classic day 1 result giving + 85pts less spread of 10pts = +75.many thanks, Martin

Best wishes, Mike

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Dear Martin Stopped out for a 83 point profit thanks Charlie

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Brilliant Sold on stop at 47,stop 67, moved stop to 53, placed limit order to buy at 11 36 points, THANKS. So painless selling and buying on stop. That’s it for to day, no greed off to work soon Gary

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Martin 54 points from the Dax Not my best trading but the points were pleasing and helpful!! Sold at 6775.5 at 08:15 (not too sure if my exposure was 15 or 30 points – I know – not good discipline) I found the ride down pretty rough. Placed free trade stop at 6770 at 11:15 felt a bit better. Still scared of losing the profit but mind over matter (maybe). Wasn’t really sure if I should come out for 30 or 45 points. Then when the price suddenly fell I felt it was too good to miss. No time for limit stop. So took protective stop to market at 12:26 bought at 6721.5 OK I know the price continued on down afterwards but I am quite pleased with the 54 points, worth the wait. I could have done better, but I need these successes to prove I can do it.

Cheers, John

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Hi Martin I am currently in a sell trade @ 6769 with 10 pt stop loss. Are you using a 10pt stop on your sell trade 6772 and are stopped out at 6782? Your point yesterday on not moving the stop until the low of the day is broken, at 11:50am the 10min chart showed H 6771 / L 6750 and which broke the low 6763 at 9:00am, so why is this not considered as breaking the low of the day at that time? Anyway, I have now closed my trade for a 58 point profit. Thanks very much for including me on your email list, it helps a great deal as I am still feeling my way through.

Best Regards Sylvia

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I did not enter short today simply because my strategy says that as it did not hit the midline then no trade. However I guess that on a delayed day this can be a bit fluid and as it opened within the envelope then it was on. However I did place a spread bet YESTERDAY at the close and was short @ 50 ….got out @6685 (the 90 point level for today’s trade)..plus 60…..this trade was not in my strategy either!!!! but we had discussed it.It develops all the time doesn’t it.

Have a good course.

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Martin…

One Big Thank You To You Spreadex Opened At 6771 @ £20 Closed At 6709 @ £20 62 @ £20 = £1240 Cantor Index Quoted 6765 to 6775 (Only first trade so had to put a stop loss in,put @6805,which they charge 2 Points for and then give you the centre price of the Quote i.e.6758 Opened At 6758 @ £20 Moved Stop to 6718 (Locked in 40 point profit) Closed At 6710 @ £20 48 @ £20 = £960 Total 110 Points @£20 Total Profit of £2200

Happy Days Conrad

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Back to home Page

Martin I confess to moving my stop down from 6757 to 6726 after 6685 touched. I know I should have got out at 6685) and 2) waited until the bottom was breached. Greed is not good but as I said it’s a strange feeling to be ahead. Anyway I was stopped at 6727 so ahead 49 points. Breaks the risk/reward rules but its a hell of a lot better than being minus. My first win – I wont call it a proper win – so confidence boosted for next time.

Many thanks Peter

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If you like victory mails – just to let you know that I had 13 points yesterday (BF1) and 60 points today (BF2). I set my target at 60 today and went out on a limit buy at 6313. Happy even though it went down further. I am curious however to what others got. Should I really have had a target of 90 – but wouldn’t have got it until 17.00 hours DAX time.

Best Wishes Robin

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Hi Martin, At last a breakout from the compression we have been experiencing! Your prediction last night was spot on I took 76 points this a.m.

Kind regards Keith Graham.

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Hi Martin, Bit slack at the moment so I thought I would give you some interesting statistics. I made my first live trade exactly 2 years ago today. In that time 81.5% of my net gain points have come since 1/8/00 (when I first started to trade strictly to my strategy) on BF. Also since 1/8/00 I have traded 79% of days correctly. Just confirms previous predictions. I would prefer this (if you were to consider publishing) not to carry my name. Away for a few days to celebrate my mother’s 90th. birthday…back at desk on Weds.

Name withheld as requested. This individual is to be congratulated for a degree of commitment to a strategy that we can all learn from. Well done

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Martin Judged it to be a delayed day. Long @ 42 (I consider this to be some what weak however) stop 20.Moved progressively to 37 now 49. Limit sell 6704 Stopped out @ 63….plus 21

David

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Hi Martin I understand you have just had another course…hope all went well. I thought you may like to now how I dealt with yesterdays trade and perhaps it can be a lesson to your future students. It is all to do with stops, in particular the positioning of my trailing stops. I entered long at 6642 and initial stop at 6620.My first move of this stop was to 37 then to 49.At these points the 10 min bar in question had a lower low than either the previous bar and the following bar and the old high had been broken (all old stuff really). My next stop was moved up to 63,this refers to the 19th.and 20th.10 min bars on my chart. THE FUNDAMENTAL DIFFERENCE WAS THAT THERE WAS NO CLEAR BOTTOM ON EITHER OF THESE BARS, (they both had identical low values). MY strategy says that is NOT the way to do it and I should wait for a clear bottom. Consequently I was taken out at 63.Had I stuck to my rules I would have got to my limit sell of 6704 and taken 63 instead of 21!! I know that is being hard on myself but I am now at a level to do that. The point for any new student is that deflecting from your strategy a mere fraction can be expensive. David

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Your course has given me a great peace of mind. Didn’t know what I was looking for until I came to you. It’s the structure /framework to work within and the techniques and methodologies within it. I feel tremendously unburdened and extremely positive and cant wait to start. Phillip

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Got fed up sold @ 70…..plus17 talk next week David

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Hi Martin, Just completed my first “BF” trade……………………..successfully! Details and reasoning as follows: Gap up opening 80+ points from mid-line, therefore looking like trading scenario 3 (there also seemed to be higher- than – average volume in late trading yesterday). Saw the market go to 6779.5 (target long exit would have been 6773) before 12:00, accompanied by many volume spikes and 3 XXX BFs, one at 6773. At 12:14 entered a sell stop order at 6768.5, which was filled at 12:22, targeting a 30 point gain. Set stop order at 6778.5, which came very close to being hit. Got very bored watching the action, and nearly pulled the trade on account of the time things were taking. Set a ‘market if touched’ exit for 6738.5, had some lunch, went and fetched the my daughter from school, and got back in time to see my MIT order filled at 15:47 at 6740 for a 28 point gain. Then watched the market drop like a stone another 70 points! Chris Morris

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Hi Martin, Just to let you know that I sold the DAX on Friday 19/01/01. My total trade netted me 68 points. The BF days DO work but it needs time and commitment with a will to succeed. The only problem I had was with my broker who did not understand when I instructed them to go to market with my stop. This held up my closing of the trade, had it been closed on time the result would have been 78 points Needless to say I will be switching brokers as soon as I can !!! Feel free to post the above details on your web site. Regards, Howard.

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Moved stop down to 22…filled @ 24 for a 31 points x 2 contracts. David Hudson Martin Hi I assume you got your 150 points last week. Nice trade. I got 100 plus in 2 trades because I closed out overnight half way through daily Dax future. Steve Lyons

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Martin I love it when the market hits my limit order and then drifts back. Today’s delayed BF hit 6352 once. (if you look, you’ll see one tick at that price) Nice little earner Terry….. cheers Henri

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Hi Martin I have just checked out my trading figures for the first seven weeks. Had I stuck ONLY to BF days themselves, I would now have over £5, 600 in my account as opposed to a respectable (but more stressed out) £2800. I don’t know how many hours it took you to find this way out but I’m happy you did. You are welcome to use this email as a testimonial should you wish and I’m more than happy to speak to ANYONE that has any doubts. All the VERY best, Henri.

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Dear Martin, Just stopped out for 128 points profit I took the short Fall, as I did not enter at the correct price, still what can I say Thanks you are a real Brick. Best wishes. Charlie

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Courtesy copy of email received earlier ,told him how I see it, all positive and genuine. Closed today for total of 70 points, many thanks. Steve Lyons

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Hi Martin Just a real quickie. Can you tell me how you change your charts to take into account the new contract. Is it as simple as click and drag, or do I have go through some long, tedious reconfiguration. By the way, took over 100 points last week. Hope you’re in the best of health. Cheers. Henri

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Hi Martin I managed to trade the bf day this morning gaining 77.5 points before being stopped out sold at 6503.5 at 9.07 Ian Rogers

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Hi again. 74 points from Dax today. Would have had 90 if I had entered at 95 but wanted to be sure as market crossed the average so entered at 93. Exited at 19 after market hit 05 (2 above my exit) and retraced. Henri

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Hi Martin, Just wanted to let you know that, what I learnt from you at your course really paid off this morning. It was only by chance that I looked at Friday’s Daily Dax this morning about 1a.m and guess what a BF set-up!!!. Thanks to you I took 90 points from the market with stops as you directed, (by way of spread betting). I betted using a stake of £50.00 per point. WOW!!! and thank you. Martin if you were a woman I would definitely date you. Too bad you’re married………………… Thanks for everything and don’t forget to send me your book. Saad Ali (LONDON)

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Dear Martin, Just took a pee at 25, when I was waiting to place order to stop me out at 6406, came back and shame shame I had to take 6413. Thank you from the bottom of my heart. It worked a treat and I would recommend you and your course to anyone they can ring me, e-mail me or send a carrier pigeon, the answer would be the same. what can I say thanks martin, you set me free. Charles O’Connor.

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Dear Martin Well that was pretty impressive. I went short exactly where I was supposed to go short, protected my self with a stop 30 points north. I then saw the market drop to the target of 6405, fill one contract (presumably yours), bounce and then fill another. It won’t surprised you to learn that I thought it would go further, which is what I did on the course. I hung on and was wrong – again! Anyway, I did close for a pretty decent 69 points – not as good as 90, but better than anything I did before coming to see you. So, whilst I am fairly pleased at the result, I am dissatisfied with myself. It doesn’t help that I have just seen the market drop again (as I type) to 6383, as, in a way and in this instance, my sentiments were right. I had Michael XXXX chortling on the phone – delighted to have got his 90 points, and Eric phoned to say that Charlie XXXX did the same. So their school reports will read “Excellent”, whereas mine will say “Could do better”. Anyway, 69 points is not a bad birthday present to myself. I’ve now got to work out/remember what to do on Days 2 and 3. I can remember that the target is 30, and the stop comes in at 10 points. Am I right in thinking that I should trade this as a XXX, and thus look for an XXXXXXXXXXXX Here’s to the next time. Best wishes Mark

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Thought about entering 6480 Waited for confirmation, entered 6470 moved stop to 6440 Missed the bottom (meetings bloody meetings!) Exit at 6415 Only 55 points, but I new it was going that way! Regards John Birbeck

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Hi Martin, I couldn’t resist the opportunity to trade for real today and made 52 points – not bad for a first day. I got in late (at 6478) and didn’t think it would go below 6400 so I was stopped out at 6426. It just goes to prove that it isn’t just a man’s world but also that you can start from scratch. Good to hear other people doing well today too. How about you? Best wishes, Pam.

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Hi Martin Do you run courses in basic math’s ?? I need to sign up for one. I black boxed it beautifully and was filled at 6495. Brought my stops down and bought back at 6435, thinking that is it 90 points !! Why did I think 6435 was 90 points from 6495 ???? I know now I took 90 points off my original stop at 6525. O fool that I am. Such an easy silly mistake. Still that is another 60 points so must not complain. My fault again. Worked a treat. Course nearly paid for . Weather appalling, Rain all night gales now, but a bit brighter. Richard

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Bought 2 @ 06…plus 89 points .5×2..very pleasing for a horrible wet day here at home. David Hudson Just taken my 90pts less spread of 10 – 6495(less 5) to 6405(less5) = 80 pts net. Many thanks!! Michae

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l Hi Martin Got off to a successful start. Hope you managed it. 82 points in the bag. Chickened out before the 90 but could have gone on another 20 points if brave enough. Robin Lane

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The Volume I referred to was on the sat quote chart. thanks. I have 29 points using your advice, thanks again Martin, I’ll defiantly be putting you on my Xmas card list. Cheers Charlie

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Hi Martin It worked like a dream. In (sell) as soon as the market opened & closed the circle to gain 90 points at 11:41am. Unfortunately, I couldn’t trade live as my DAX account is not yet opened. At least I can look at the bright side, in that there are my BF days to come. Thanks Martin, it truly does work. Best Regards Sylvia

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Hi Martin, I sold the market a bit latter than I should have done this morning. I hesitated for a short while but eventually did the following. Sold 1 on stop at 6480 Put in a larger stop than normal at 6515 ( I know I was a little wide here) But it worked out that the market needed a bit to breath this morning. Then moved my stop 6 times (Somewhat erratic but still locking in profits all the way down) Stopped out at 6420 60 points BAGGED (Real live trade at nominal 5.00 stake per tick) I know I need to improve my point of entry and must be prepared to get in a bit earlier in order to gain more from a BF day. And I need to fine tune the stops a bit more…must be more patient. But I DID trade and apart from a little bit of hesitation I did OK. So not a bad start to the week with room for improvement. 60 points not a fortune to most people. To me it’s like a bar of gold. Many thanks, Howard

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Hi Martin. I suppose it’s a case of proving it to ones self. You’re dead right. All the blood sweat and tears (literally on the last) aren’t worth it. BF day today. 90 points. Thank you for at least giving me the tools. Now it’s up to me to use them WISELY. Cheers H

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Hi Martin, Black boxed it at 6644 set stop at 6674, moved stops down twice and finally panicked out at 581, refusing to give up all my hard won points. Typing this at11:27 Dax time just as the market heads towards the full 90 points at 6554.My fault , I should not be so impatient. A good chunk of the course fees paid in one go. Thanks. Weather sunny after near hurricane in the night. Richard

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Hi again. Right, it seems that I have some data missing as well. I can only guess that Frankfurt had some feed issues. The only MBF I have on xxxxx is the one that I used (13.20-13.40). Seeing what happened throughout the rest of the day makes me a tad miffed that I only took 30 points, but hey, after all, the very reason I am in this is for freedom, which I was exercising yesterday afternoon, when out and about with xxx. Cheers. H.

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Martin ! likewise I’m afraid….. short at 32 the other day on the bf day 1 heh heh heh cheers Jon

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Hi martin Just checking my charts after leaving at two thirty after having taken 30 on a mini but unfortunately, my charts won’t update. I’m just getting a blank screen. As soon they update (hopefully first thing in the morning as I’m going to bed now) I’ll send you times etc. Cheers H

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Hi Martin, Details are as follows Established ( Night before ) BF mid at 6949. 0900 Market opens at 6943 0905 went in short @ 6943 top @ 6953 ) Moved stop to 6920 Bought at market @ 6881.5 Profit 61.5 points Following our discussions, I realise I should have used the tops and bottoms to greater use on the 10 minute chart.i.e. at 1149 hours I should have moved my stop down to this high of 6894 ( Allowed 4 points and set it at 6898). Then having protected a profit of 47 points I could have watched the market drop all the way down to 6830 and it would never have come back to this stop loss. Hope this is of some help to your students and feel free to request any more trades whenever. Have a good week , Kind regards Keith

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Short at 37.5 stop now 15 David Sorry short at 32.5 Stop now 95….limit buy 44 stopped out @73….plus 59.5 pts David Hi Martin First BF. First profit. Just stopped out for 59.5 point gain. Black boxed it first thing and followed it all the way down. Only criticism was that I moved my stop about seven times. Still, I’m happy. Thanks a million for showing me how. Cheers H

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All I can say is thanks very much. I really appreciate what are really words of wisdom. Unlike some, you don’t just talk the talk but walk the walk as well. I shall keep you abreast of my progress. Your words do not fall on deaf ears. I shall probably still only trade the proper BFs but it is very reassuring that some of what I’m seeing on a daily basis isn’t just me being a lunatic. Thanks once again. H

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Hi Martin, Thanks for your E-mails to-day. Just a few points: 1. Dax 23/10/00 I see what you mean now by underlying strength. I believe I was missing this point before. Obviously my tick chart for this particular day has now disappeared but looking at the 10min chart I can see no previous trading below my point of entry and hence no strength/support. I think I must have been thrown when the market continued South for such a long time. 2.Dax 20/10/00 Finally and in conclusion, I had quite a good week last week; Tues 24th Profit 65.5 points Thurs 26th Profit 80 points Did you receive my E-mail sent to the Hotel 24/10/00 showing my trading for that day ? Kind regards Keith

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Martin Brilliant ! The tick chart makes so much sense NOW! Just whizzed another 26 out, short from 6514.5 Didn’t complete the circle AGAIN but up 57 in 2 trades!! I feel there’s more left but I have to get some food. Golly gosh Typhoo time Cheers Jon 18/10.2000 Hi Martin YOUR SYSTEM BLOODY WELL WORKS. I’m not going to give it the large one, but I’ve just followed your mini BF system to the letter and made another thirty points. Entered the market at approx 1.40 after xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx and started to tick down, I entered the market at 6501 and moved my stop down progressively from 6514 – 6503 – 6496 – 6488 – 6482 and achieved my target of 6471. Apart from moving my stop one too many times (i.e. 4 rather than 3) did I do anything wrong? Oops, nearly forgot: it seems as if my position was confirmed when there was another BF during my position which also continued to tick down. Hope you’re well. Cheers. Henri 18/10.2000

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I would like to take this opportunity to thank you for the excellent seminar I attended. I thought it was a very good idea that there were a small number of people in attendance. Also I liked the fact the seminar was informal but on a personal level allowing the individual to actively participate. Probably the best money I have ever spent, and I have been on NLP courses, this was much more profound. Jon .Jeczalik

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HI Martin, thanks for the great course, I learnt an enormous amount from it. I am moving to San Francisco, so when/if you start sending emails, could you send any to xxxxxxxxxxxxxxxx.com please. Hope all is going well with you cheers Dave.Murphy

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Martin’s handling and control is excellent and he presented information in a stimulating and informative way, always taking great interest in everyone and everyone’s comment. David Hudson

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Martin Sorry to bother you again, but unable to get volume information on my chart . I shut down last right to re-organise the windows and the Dax chart after I retrieved it has no volume of trades on the bottom, help! had a anther profitable trade yesterday, but I or the broker made a mistake and he sold me anther one instead of buy. I am getting excited. The good news is I still made 3.5 points when he rang me back, after I had cancelled my stop buy at the same time, the annoying thing was I waited 6 hours for the opening, but a win is a win, and as you said any trade is a good trade. Cheers Charlie

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I was aware that I was in the presence of someone who knew not only what he was doing but also how to present that information. Gianni Catalinotto

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Incidentally sp delivered the goods the other day (the day after the gap up). This instrument gives extremely consistent profits (equally as good as Dax), but is more difficult to work…I am very nearly there. David

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I liked Martin a lot and am very grateful that he has taken the trouble and time to pass on to us some of the benefits of what he has learnt and put into practice in his own life. For me the workshop was 100%. Jeremy Stewart

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There are some individuals in this world who make a true, productive and value enhancing effect and I am glad to say that you are one of them. I am very fortunate to have made your acquaintance. Hugh King

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I could never hope to impart the knowledge provided at the workshop in it’s entirety. It is something that can only be truly appreciated when experienced first hand. When the journey was complete I knew exactly where I was. A great weight was lifted from me and I felt vibrant and ready for any challenges ahead and this will stay with me forever. The values imparted bear no relationship to the small cost of participating in the workshop, they exceed it many, many times. I truly know this has been a turning point in my life. Hugh King. Ireland

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I can recommend the workshop to anyone interested in furthering themselves in the Art of trading have learnt essential knowledge of market timing based on intuition which is an immensely important component of entry. With this knowledge and other concepts taught in the workshop, as well as exercises, my fears have retracted and I begin to look at the markets in a subtly different way. Anthony Mullock

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Your Herculean efforts with us and your understanding and sensitivity will long be remembered as that of a true friend. I hope this is a friend ship that endures on both sides Adrian Burriage

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I would like to thank you for all your help into making me into a highly Competa (nt) trader ! I am sorry I could not resist that one!! Seriously though, I cannot thank you enough for pointing me in the right direction not only with a trading strategy (which was numero uno reason for coming on the course) but somehow this became secondary as I learned the (or had it confirmed?) do we eat to live or live to eat philosophy. The money aspect is now to me not the sole end. I can see why you have developed your own means of balancing work/time/family into a less stressed trading strategy that fits into your ‘comfort factor’ criteria. I would like to congratulate you on a fine all round trading course that could possibly not be bettered anywhere in the world and worth many times the course fee paid. To repeat what I said on the course “even if I never traded again you have empowered me with the knowledge and a philosophy that has enriched me. Warmest regards Wayne Allen

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