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Trade Spread Bets

I wasnt able to give Trade Spread Bets a proper trial with other commitments the first week and being away last week so cant pass a proper verdict. The email i got today to signal the end of my 2 week trial is below. The full year for £295 seems a good deal but i suppose that all depends on wether the service works for you or not.

The subscription details are below

Hi Paul

Your subscription has now finished should you wish to
continue the cost is £99 for 2 months or if you join
for 12 months the cost is only £295

To rejoin go to www.paypal.com & pay info@tradespreadbets.info

Thank you for your custom we look forward to you
rejoining

Best Regards
Mark

Trade Spread Bets
www.tradespreadbets.info

Trade Spread Bets update.

Apologies i’m not able to give this service a live review – all i’m able to do is post the daily emails i’ve received from the operators this week. I’ll post todays email tomorrow and i think that will be the end of the trial. Seems to make a lot of pips from the results talked about in the daily email.

The Trend trades yesterday totalled 237 pips profit.

The EUR/USD failed to retrace so no trade.

The GBP/USD opened at 1.4387 and closed at 1.4430 after hitting its Target.

The USD/CHF opened at 1.1587 and closed at 1.1521 after hitting its Target and let run on.

The USD/CAD opened at 1.0706 and closed at 1.0650 after hitting its Target.

The USD/JPY opened at 90.35 and closed at 90.45.

The EUR/JPY opened at 110.88 and closed at 111.26.

TREND trades: all pairs have hit their respective entry points.

EUR/USD go Short at entry point 1.2330 with a Target of 1.2260.

GBP/USD go Short at entry point 1.4500 with a Target of 1.4440.

USD/CHF go Long at entry point 1.1520 with a Target of 1.1600.

USD/CAD go Long at entry point 1.0550 with a Target of 1.0620.

USD/JPY go Short at entry point 90.35 with a Target of 89.80.

EUR/JPY go Short at entry point 111.35 with a Target of 110.50.

HEDGE trade:

The EUR/CHF looks like staying in a decent range of movement for resuming of trading.

FTSE 100 trade:

The Long trade opened at 5032 and reached a maximum of 5044 giving a maximum profit of 12 points.

Today’s trade:

Open a Long trade with a Limit Order at 5053.

Open a Short trade with a Limit Order at 5013.

Link both trades with an OCO order.

Stop for both trades at 20 points.

CAC/DAX trades:

The earliest that a Long trade on the CAC could be opened was around 3394, and a Short trade opened at around 5730.

Unfortunately the CAC started a gallop upwards and although it reached its Limit Profit Order, part of the profit had been eroded. Arrangements will have to be made to avoid this situuation for the future.

The DAX hit its Stop.

The net profit only amounted to £9.84.

Today’s trades:

Enter now Long with CAC at 3448. Stake £1.85. Stop 3438. Limit Profit Order 3468.

Enter now Short with DAX at 5824. Stake £1.09. Stop 5841. Limit Profit Order 5789.

Please read these couple of points that will be helpful,

The entry point price has nothing whatsoever to do with the actual trades.

Don’t open a trade on the hour candle between 0800 and 0900 – this is an

absolute no no.

The very first candle which can be traded upon is the one which opens at 0900,

and of course this candle must have opened above the entry point price for a

Long trade and below the entry point price for a Short price.

The term LONG means BUY or GOING UP – SHORT means SELL or GOING DOWN

Regards

Mark

Trade Spread Bets

www.tradespreadbets.info


Below is an example of the email you receive daily from Trade Spread Bets -

pretty extensive stuff. I have to be honest i wont be able to give this a full review

as i thought this was just a simple signal service. as i’ll be trading other stuff i’ll

only really be able to put up the daily email as confirmation of the trades.

Hi

Last Friday the Trend trades produced a total of 223 pips profit.The
total for the week was 963 pips.The total for the month amounted to
4205 pips.
The FTSE 100 trades produced a maximum of 663 points profit, provided
you closed out at the point of the index starting to retrace, so
effectively the profit would have been a lesser figure.
The EUR/USD failed to retrace so no trade.
The GBP/USD opened at 1.4418 and closed at 1.4461.
The USD/CHF failed to open a correct direction retracement candle, so
no trade.
The USD/CAD opened at 1.0661 and closed at 1.0720.
The USD/JPY opened at 90.01 and closed at 89.38 after hitting its
Target and let run on.
The EUR/JPY opened at 112.39 and closed at 111.81 after hitting its
Target and let run on.

TREND trades: all pairs have hit their respective entry points.
EUR/USD go Long at entry point 1.2500 with a Target of 1.2600.
GBP/USD go Short at entry point 1.4510 with a Target of 1.4460.
USD/CHF go Short at entry point 1.1540 with a Target of 1.1485.
USD/CAD go Long at entry point 1.0550 with a Target of 1.0620.
USD/JPY go Short at entry point 90.40 with a Target of 89.60.
EUR/JPY go Short at entry point 113.15 with a Target of 112.40.

HEDGE trade:
The EUR/CHF after a brief rise it appears to be dropping down into its
regular consolidation band.

FTSE 100 trades:
Last Friday the Long trade opened at 5056 and rose to 5091 to give a
maximum of 35 points profit.Had you set your Limit Profit Order to 35
points @ £1 per point, a profit of £35 would have been made.Rather
than hope that the Limit Profit Order would be hit, I opted for a 10
point profit at £5 per point. This was easily reached and provided
a £50 profit.
Today’s trades:
Open a Long trade with a Limit Profit Order at 5097.
Open a Short trade with a Limit Profit Order at 5057.
Link both trades with an OCO Order.
Stop for both trades at 20 points.

CAC & DAX trades:
Last Friday the CAC entered a Long trade at 3419 at 0915 at £3.25 per
point, and the DAX opened at the same time with a Short trade at 5827
at £1.91 per point.
The CAC trade hit its Limit Profit Order at 3439, and gave a profit of
£65, and the DAX hit its Stop at 5844 giving a loss of £32.47.
The net profit amounted to £32.53.
For some unknown reason the trade entry points have to be taken at
0912, entered into the 4 spreadsheets which give the Stop, Limit
Profit Order point, and the respective stakes for both trades, all of
which have to be entered as trades at 0915.
This would mean a second signal email being sent out at 0915, so I am
going to paper trade further for a few days using the trade entry time
of say 0830 in order to see if I would be able to send all the signals
at about 0830.

Finally, many members have asked if they could trade alongside me when
I place my own trades.I cannot do this for the Trend trades as I
cannot always rely up being in front of the computer, hence having to
rely up my two Spanish trading colleagues.
I personally often trade the GBP/USD being a volatile pair for most of
the time, quite successfully without wishing to be immodest, and I am
now thinking of using the live trading room for this purpose. You will
recall I tried trading the mini$5 index some time ago through the
trading room, but the volatility proved far too much so that by the
time I had sent the trade it was about time to close it.
Fortunately the GBP/USD is not nearly in the same volatility league.
The only problem I have is the times of the day to run the trading
room. Normally the GBP/USD starts to gallop from about 0630 prior
to the London opening for about 3 hours or so.Then there is another
slightly quieter gallop at around 1330 at the US opening for about
another 3 hours.Finally there can be some good movement during the
evening.

Please read these couple of points that will be helpful,
The entry point price has nothing whatsoever to do with the actual trades.
Don’t open a trade on the hour candle between 0800 and 0900 – this is an
absolute no no.
The very first candle which can be traded upon is the one which opens at 0900,
and of course this candle must have opened above the entry point price for a
Long trade and below the entry point price for a Short price.

The term LONG means BUY or GOING UP – SHORT means SELL or GOING DOWN

Regards
Mark
Trade Spread Bets
www.tradespreadbets.info


New Service – Trade Spread Bets

Going to be reporting the results of a new service (to me anyway) for the next week.

Trade Spread Bets is a Forex signals service which has an impressive results page. The operator has agreed to supply the signals to me for just a week which as we all know isnt enough time to make an informed decision on a service or not but its all i’ve got so lets hope its a good week or its going to be a wasted excercise for all of us. Theres no trial period either so hopefully this shows the operator is justifiably extremely confident in the service.

Signals are given between 8.30am & 9.00am

Anyway if you do decide to give the service a go please let him know you found out about it from the blog.


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