Posts by "daveo"

YW boss. Another good CNBC interview. I always enjoy your tv.

usdjpy long trade on strength divergence but majors generally been narrow ranging today, eur, gbp, usd and jpy. aud been strongest most the day.

I'm going to counter balance all the negative comment this past few days.

I trialled AL's premium service first quarter of this year. I decided 3 months would provide a fair appraisal. I wanted to see first hand how he integrated the short term fundamentals with his technicals. I was not there for the trade set-ups, I am too old in the tooth to change my own methodology.

He was on a wave 3 up with his trade calls. The first month I was amazed at the success ratio and that degree of success is always an alert that wave 4 down comes next. The wave 4 was not too painful as it happened.

I think with any signal service traders should pick and choose which set-ups they wish to take, which ones fit their own analysis and perspective. Take responsibility for your choices and don't be too greedy. If a trade is going nowhere get the hell out early. You can always re-enter. Never expose more than 2% of your account to all open positions. That rule should be set in stone whatever type of trading you pursue.

Just because AL will sometimes add multiple positions to a specific symbol shouldn't mean you have to to risk over trading. If that idea goes wrong you really don't want to be in multiple positions with it. This comes down to "Greed".

For complete novice traders who have not even mastered basic classical chart analysis they have no business following ANY signal service. Sheer folly to think there is easy money for no work input. The premium service is more ideal for intermediate level traders imho. Value can be obtained just following the thought trains, you don't have to take all or any of the trades.

$90/month is a very small investment if you manage to learn something from it.

Its not necessary to be a hero picking a major top. Why not await some degree of confirmation on smaller timeframe. In the long run this pays off--reducing losses stepping in front of rising/falling trains.

And now we have Rajoy diverting attention with the Gibralter event to cover his own corruption pressures. It costs money to send our navy over to the rock :-) What next ?