TRUMarkets Report

[The_Snowman]

Did you catch the advice this morning?

 

[lee 53]

21/4/11
I am a client of Tru Markets, started trading Dec 1st 2010 with $10,000

Total Trades to date 67 Account balance: $10641
44 winning trades from 67 (small wins big losses)
Well it was looking good there for a second, but the TRU experts decided to short the Aussie $ and the British pound, ouch and ouch
You reckon I actually took those trades Snowman? :
Personally I been sittin on the aussie and spot gold as longs for a while
Cheers

 

[lee 53]

4/5/11
I am a client of Tru Markets, started trading Dec 1st 2010 with $10,000
These are the suggested trades (in hindsight) to financial members.
Total Trades to date 70 Account balance: $10340
45 winning trades from 70
My broker is sending the TRU advisors another dart board for Xmas

 

[lee 53]

6/5/11
I am a client of Tru Markets, started trading Dec 1st 2010 with $10,000
These are the suggested trades (in hindsight) to financial members.
Total Trades to date 72 Account balance: $9993
45 winning trades from 72
Yep we are on a losing streak (whats new)?
Here is another classic Trumarket trade >
Yep I have paid to get advice like this

 

[lee 53]

Well nearly 6 long long months as a client of TRUMarkets.
Lets see I paid just over a grand for their advice.
I put 10 grand in the pot for trading, I traded all the emailed suggested trades.
Thats 77 trades so far for 47 wins and in total a loss of $376.
My money in the bank would at least be black
Another 6 months I could try doing the opposite trades!! would have worked so far
I wonder if they will be around?
I have pissed some money on the wall in my life and this has been no exception

 

[jaystar86]

Well nearly 6 long long months as a client of TRUMarkets.
Lets see I paid just over a grand for their advice.
I put 10 grand in the pot for trading, I traded all the emailed suggested trades.
Thats 77 trades so far for 47 wins and in total a loss of $376.
My money in the bank would at least be black
Another 6 months I could try doing the opposite trades!! would have worked so far
I wonder if they will be around?
I have pissed some money on the wall in my life and this has been no exception

Give it a go. Probably can't hurt... Considered doing the same with my old 'full service' brokers advice (not giving advice here)

 

[skc]

Well nearly 6 long long months as a client of TRUMarkets.
Lets see I paid just over a grand for their advice.
I put 10 grand in the pot for trading, I traded all the emailed suggested trades.
Thats 77 trades so far for 47 wins and in total a loss of $376.
My money in the bank would at least be black
Another 6 months I could try doing the opposite trades!! would have worked so far
I wonder if they will be around?
I have pissed some money on the wall in my life and this has been no exception

Lee, thanks for sharing their results.

Do you know how / why they generate the various trade signals? Do you have the knowledge to understand whether they are legit or not?

Here's my equity curve for this financial year, with 531 closed trades. But I went through a drawdown phase over some 160 trades with ~7% drawdown. Now I am not saying that Trumarkets is good and you should stick with them... but it is entirely possible that you happened to start at a drawdown/flat patch of their methodology.



Changing methodology too soon can be detrimental to one's trading. But so is changing methodology too late. The only way to assess is for you to have the information and knowledge to judge for yourself whether their method is broken or just experiencing a bad stretch.

Good luck.

 

[lee 53]

Guys after 6 months of trading for a loss ( now down $600 after the last trade went belly up)
I just want others to know before throwing money away like i did for crap advice.
When I asked for my money back they said tough titties, so via these forums i will continue to publish the results of their suggested trades.
SKC dont know what your reply refers to? TRUMarkets have not had that many trades this f/y, I refer to the trades they SMS/email to clients not the hog wash they put out every day where you have a 'bet' each way on the SPI. Geez a bloke might as well go to the horse races and put a quid on every horse
I reckon you have a vested interest in TRUMarkets??
"a flat patch of their methodology' ' a bad stretch' ????mate...you got to be kidding!!!! 6 MONTHS !!!! hello hello
my own personal trading is up a modest 20% this year and I'm talking real money not 10k pocket money, I just dont like getting taken for a ride.

 

[skc]

Guys after 6 months of trading for a loss ( now down $600 after the last trade went belly up)
I just want others to know before throwing money away like i did for crap advice.
When I asked for my money back they said tough titties, so via these forums i will continue to publish the results of their suggested trades.
SKC dont know what your reply refers to? TRUMarkets have not had that many trades this f/y, I refer to the trades they SMS/email to clients not the hog wash they put out every day where you have a 'bet' each way on the SPI. Geez a bloke might as well go to the horse races and put a quid on every horse
I reckon you have a vested interest in TRUMarkets??
"a flat patch of their methodology' ' a bad stretch' ????mate...you got to be kidding!!!! 6 MONTHS !!!! hello hello
my own personal trading is up a modest 20% this year and I'm talking real money not 10k pocket money, I just dont like getting taken for a ride.

Lee. I have no vested interest in TruMarket what so ever, and I don't trade FX or futures so what they do are of no relevance to me.

I didn't say the TruMarket is good and you should stick with them. I just used my own trading results to show you that a positive system can have drawdowns and rough patches (That stretch of 160 trades was around 4 months). And I asked you to assess TruMarket's methodology for yourself.

The only way to assess is for you to have the information and knowledge to judge for yourself whether their method is broken or just experiencing a bad stretch.

But if you have no trust in their methods and have no means of assessing whether their performance will turn around or not, then by all means stop trading their tips.
I think a lot of people do appreciate your posting as an honest independent review of their performance (or there lack of). But I would appreciate if you could not accuse people of having vested interest just because they tried to look at the problem from a different perspective.

 

[The_Snowman]

another gem today! they have their analysis, but for mine, I saw a break UP of the daily & 4H trend lines, daily Stochastic UP, 4H MACD - UP, that's just the stuff I look at, nothing magic

What's the odds, when Europe opens they will sell it right back down to entry point?

Edit: Entry signal given at vertical yellow line, horizontal lines are prices given

 

[The_Snowman]

Hey @ lee 53,

We have been gifted the HIGH of the day for the EUR-USD, hope you are ready to make up all those lost $$$$$$$ ?????

John

PS - confidentiality clause prevents cut & paste at this time

 

[lee 53]

Hey @ lee 53,

We have been gifted the HIGH of the day for the EUR-USD, hope you are ready to make up all those lost $$$$$$$ ?????

John

PS - confidentiality clause prevents cut & paste at this time

Gday John and others, Ah Yes John that last trade the EUR/USD!

That was trade number 80 in my full 6 months with TRUMarkets.and for round figures I am down $1000 from my $10000 starting capital. Good value hey paying over a grand for this advice?
These are the last 15 trades -152,-216,-256,-208,+169,-211,+200,-220,-229,-201,-196,-219,+98,-177,-176
Going through a 'rough patch'?

THE TREND IS YOUR FRIEND ....number 1 rule in all methodology Mr TRUMarket!

 

[The_Snowman]

Here it is, however I am disappointed it didn't drop right back down to entry point, but I was right about the HIGH part, you know the numbers Mr Lee

 

[lee 53]

TRUMarkets update 7/6/11
Only one trade to report on and surprise it lost me another $172
So we are down $1172 on my 10k in 6 months on 71 trades.
Things have gone quiet from the TRUMarket gurus as they have sent the dartboard out for repair...........aparantly it is very worn on the edges :

 

[The_Snowman]

lee53,
Didn't you get the deal yet? You go short at the stops given, works every time!

Actually, I'm watching this pair for short entry but it would be strictly counter-trend, tight stop situation but it is due for a little pullback, as is the EUR-USD and with the GBP strong today, might be soon

 

[lee 53]

QUOTE=The_Snowman;638267]lee53,
Didn't you get the deal yet? You go short at the stops given, works every time!

Ha!! yep aint it painful!

Actually, I'm watching this pair for short entry but it would be strictly counter-trend, tight stop situation but it is due for a little pullback, as is the EUR-USD and with the GBP strong today, might be soon [/QUOTE]

I see a channel happening atm and a reversal of trend at 89, using the KISS method > trend/ support / resistance.
I use 4 hour/ 30 min /5min for my own FX trades, I personally dont trade against the trend unless it is news based.

Cheers

 

[lee 53]

22/6/11 the darkest day of the year
Todays trade from TRUMarket > Sell short EUR/USD with the STOP suggested lower than the entry and the target higher than the ENTRY..........Goes to show how they get the results I have been getting for 6 months!
and after you set the trade an admendment comes through..........sorry we stuffed it
For the records we now have completed 86 trades in 6 months and my 10 grand is skinnier, like $9,449.
How did I ever get involved with this crowd?

 

[lee 53]

lee53,
Didn't you get the deal yet? You go short at the stops given, works every time!

Hey John the snowman
Works if you you go long on TRUMarket stops too!
Current trade GBP/USD nice little trade going long off the suggested trades stop loss

 

[lee 53]

EOY Report 1/7/2011
I have taken all the suggested trades from TRUMarkets for 7 months
Results from 93 trades > 56 wins 37 losses
Starting capital $10000, balance now $9,757 less brokerage.

OK I have been slamming these idiots for months, so who do I see as good advisers?
Well for free Comsec daily video reports, especially Juliana Roadley and GO Markets free daily report and Business Spectator for continuous market news.

Have I made money 2010/2011? +22%! no thanks to TRUMarkets tho
All the best for 2012

 

[lee 53]

Just a end of month update;
No, they have not come good and I am not sunning it in the Bahamas :
I have taken all the suggested trades from TRUMarkets for 8 months
Results from 110 trades
Starting capital $10000, balance now $9,874 less brokerage.
Same, same methodoligy.............make small profits on many trades, wipe out the gain on a few big losses..............