TUFXP
TUFXP is Another hit by Keith Cotterill, and his publisher Nick Laight, from Canonbury Publishing.
I have been bombarded by emails promoting this Forex Trading Platform TUFXP, and showing impressive testimonials of people that have tested the software.
When I received in the post the Sales Letter, I was amazed at the promises, and it has to be good for the price they charge. Well, how does The Ultimate FX Predictor generate trades?
Well, Keith Cotterill doesn`t explain. As he says: "If you`d spent 15 years perfecting something, you`d be reluctant to give your secrets away too! But also it would take me 500 pages or more to explain the inner-workings of TUFXP - and it would probably bore the hell out of you!"
"I guess all you need to know is that, embedded in The Ultimate FX Predictor, are the same trend-spotting tools and turning point detector that have made Don`t Tell the Professionals an underground sensation. With two big differences... 1. These tools have been refined and updated to be used with devastating accuracy on the Forex market. 2. They`ve been 100% 'hidden' in TUFXP. They`re in the background, ticking away whenever you use the software... but you can completely forget about them - just like you don`t think about how your engine`s working every time you drive your car! ALL you need to do is look for the red or green signal, and follow the prompts!"
These are two of the promotional emails:
| Hello Was it the welks? Or perhaps the oysters? Maybe the crab claw or prawns? Whoever is to blame, I have been suffering! You see, I had hoped for a bit of a break down here in Rye, East Sussex, to recharge the batteries, enjoy the beautiful coastline and sample the 'fruits of the sea'. Well, seems the local sealife had other plans for me! I won't go into the gruesome details, but I shall perhaps be a little less cavalier when it comes to shellfish dinners for the foreseeable future! Now that I have managed to drag myself out of bed and feel a bit better, I just wanted to share some of the latest responses from the beta testers on the new forex software I have been teasing you with recently. And the great news is, the feedback confirms our early excitement: * With a bank up £1,455 after 24 trades (and 18 winners) Terry H commented: "The signals are very accurate in giving spot on predictions as to making pips on the Forex...a no-brainer really. What a brilliant cash-maker this is!" * After B.F got his hands on the software and bagged 110 pips in 2 morning trades he said: "It's like giving a cashpoint in your living room!" * After three days trading, tester Matt Newton emailed to say that he'd made 6 trades...all of them successful. Matt made 221 pips in total...which at just £5 a point means £1,105 profit in just 3 days. * "I must say that so far the results have been excellent!! " Although sensibly just paper trading to start, Mike Holwill saw 230 pips profit in just a week . . . if he had been staking £5 a point he would have been up £1,150! Mike also said: "I think that even a complete novice would find it straightforward, as Keith explains most points very well. He also highlights and repeats the important bits to ensue they go in! I love the flexibility of the trade calculation tool and the potential trade points - really allows you to tweak the system to suit your style - testing historically is also very easy." * Most Forex systems take months to get the hang of. David Jessop is in his late '70s, and he racked up 49 pips in his first ever session using this tool! At just £5 a point that's £245 clear profit, right from the get-go. * Anthony decided to test the tool's ultra- conservative 'scalping' method. This is where you get in-and-out in a flash, creaming off lots of small pip gains. He carried out 27 trades in a month. 25 were successful... with just TWO losses! Despite the fact this is a super-safe approach, £5 stakes would have netted £1140 in a month... £10 a point and Antony would have made £2,280 clear profit. * Bernard Pickup and his wife Rosemary just started trading with this system after coming back from holiday. They emailed to say: "3 trades this morning - ALL SUCCESSFUL - only 30 pips (!!!) but with far more confidence than ever before - all thanks to you." * Andy White has traded 3 times so far. All 3 were winners. When asked if there was any way we could improve the tool he replied: "Unless you want to make something that is very simple to understand into something that is very complex (for no good reason), then it cannot really be improved." And there's not long to wait . . . the official launch of the new software - The Ultimate FX Predictor - is all set from Friday 11th April. I can also tell you as little more about who is behind all this. You may have heard of Keith Cotterill before - he's the chap behind the hugely popular Don't Tell The Professionals trading training programme. Now while Keith's DTTP strategy has been mainly focused on commodities and more recently FTSE 100 stocks, we also realised that there was a huge demand for a simple Forex strategy that could be used throughout the day. After much pestering from me and scores of his DTTP students, Keith decided to figure out a way of adapting his successful trading strategy for the currency markets - after 6 months in development it's finally ready. I knew it would be good, but I don't think any one of us involved imagined the real life results would be this good! Of course I will keep updating results as and when I get them, but I am supremely confident this is going to change the way ordinary people can trade forex. So watch out for further updates from me in the coming days . . . Right, I'm going back to bed to recover from Nemo's Revenge! Best regards from Rye Nick |
| ************************** URGENT ANNOUNCEMENT! ************************** Hi "Ok, I give in, I give in!" I've had dozens of readers jamming up our phone lines and my inbox this morning demanding to know what time I would be releasing info on the new Forex system I've been teasing you about. Well, now you can check it out in all its glory here: Link Here I've been involved with the development of The Ultimate FX Predictor from the beginning and this is something really special! We have now completed the extensive beta testing and the results are better than I could have hoped for! Let me give you a quick update: - After one week Terry Hodgkinson had made £1,455 and now stands at £1,950 pure profit using no more than £5 per pip stakes. - Ultra conservative Anthony Wright could only trade first thing in the morning before taking his son to school, but managed to bag 228 pips from 27 trades - with £5 stakes that's £1,140! - Mike sums it up perfectly: "The biggest enjoyment comes from its profitability - averaging 30 points a day so far (after 7 days trading) with relatively little risk and taking up only 3 hours of my day - perfect!" - And yes, my resident guinea pig (er, my father) is also on the case. He emailed to say he has grabbed another 25 pips this morning! Now I am just desperate to unleash this to WRMM readers and hear about YOUR successful trades. I know this is going to generate so many wonderful stories! You see, this simple 'click and profit' system lets you dip into the Forex market . . . over breakfast, at lunchtime . . . AND in the evening to grab 10, 20, 30 even 40 pips or more each day! There's no complex charts . . . no fancy jargon. Just a simple red or green dot will show you when to get in and out for a profit. Now rather than waste time telling you all the great benefits of this new system, I urge you to click on the link below and read a report that tells you everything you need to know: Link Here You also have a full 30-day risk free home trial to try it out -fully underwritten by me as co-publisher. As you could be trading within 24hrs of receiving UFXP, this gives you plenty of time to put it to the test and see how much you make! Only then do you have to decide if it is for you or not. I won't delay any longer, as I'm sure you're keen to find out what all the fuss is about! Check out full details here: Link Here I can't wait to hear about your first successful trades using this new software! Best regards Nick |
As you can see, TUFXP sounds fantastic.
Well, it sounds tempting, to say the least. But is it that good? Let`s say you spend the money, here is what you get.
You get a software, actually, a trading platform, which is the old Tess Platform, adapted to a Forex market. It will give you signals in colors
There are many variables in the setup page. What I mean, you can trade different "INTENSITY", giving you more signals or less signals. And you are advice to trade between 7-10 am and then 13:30-15:00. But you are advice NOT to trade the News.
Well, this is quite difficult to do, as all the main Announcements are basically are those times.
Let me show you how the dots look in the platform.
At the top you have a daily chart, and 2 more charts at the bottom, 5min and 10min.
The first trade of this day (18 june 2008) was a sell signal GBP-USD and gives a loss of 12 pips. That`s with an intensity of 5, but you would have not entered this trade with an intensity of 10.
Then to the next signal
Next signal is green to buy GBP-USD and this time it is a profit of 18 pips.
Another one approaching 10am
And this one is another loss, this time 6 pips.
Now you move to the next trading time after 1:30pm, and we have another loss. It could be 8pips, using a trailing stop.
Oh, By the way, you need to pay for the data feed, to have the live data in your platform. This is based on a monthly subscription.
In the previous chart you will notice the bar is really high, too long. So Keith Cotterill here, in the video, reload the data, to continue with his analysis. This makes me wonder if he actually trade the signals. It seems he just go through the charts at the end of the day, not having reload the data before. And then he follos with a green dot, that is not on the previous chart. So.... how does he trade a green dot that is not on his chart?
This trade gives 15 pips profit, although there is a red dot in the meantime, which would have produced a loss of 8 pips
There is a warning on each Report of TUFXP, which I want to show.
Bit scary, to say the least.
Well, now we move on to the 19 of June.
A loss of 7 pips at 7am. But wait, maybe if we change the trailing stop this could give us some profits:
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Let`s see now... yes, now we have a profit of 6 pips. Do you think this is hindsight???
But for this same trade, maybe we should have use a trailing stop, let`s see... and yes, more profits. This time 8 pips. Great!!!! That was a very good transaction, you see?
Next trade at 9am ...
Stopped out with 1 pip loss. No, wait, you could have been scalping this time, so you would have 10 pips. Then the news came out (announcement), and there is a gap that goes without trade.
Next trade is a short trade, with profits of 6 pips.
Well, scalping would have been 10 pips.
All the previous charts are based on 5 min bars. You could be instead trading 10 min bars. So at 7am you get 7 pips profits.
Then later on, you would have been long instead of short, with a trade giving you a loss of 15 pips. Not even scalping those 10 pips you would have got profits.
Next one 33 pips profit
Now 20 of June, first trade on the 5min chart with intensity set at 10
Losing 8 pips. Then the second trade....
And another loss, this time of 16 pips.
Well, let`s stop here. I could carry on and on, but let`s do a review now
Review of TUFXPAfter being part of Don`t Tell The Professionals, I`ve heard lot of times Keith Cotterill refering badly to trading platforms giving signal. During my time with DTTP he usually argue that his system was better than this expensive platforms because he add brain to the analysis. Refering to his Reports. So when he decided to launch this platform UTFXP with fores signals I was trully shocked, I wouldn`t expect a signals platform from Keith himself. And as he advertises it, in his Sales Letter, it reads "A simple 'Click-and-Profit' system that lets you dip into the Forex market... just by following 'dummy-proof' red and green signals..." £28,600-£57,200 side-income, depending on stakes. The price is £2,447 + VAT, and you have to consider the subscription for the live data as well. I really believe UTFXP is overpriced. Having trade myself different systems over the last few years, I have found really good systems for few pounds, and sometimes even for free on trading forums. Although you have to find them, and that`s not easy. For a trading platform giving signals I would expect some average trading results, but for that price, I would definitely expect something sort of miraculous. The testimonials speak of 150 pips profits, plus. So reviewing the platform itself and seeing this kind of results over the week I tested it, I would hardly say I was amazed. I have no doubt the testimonials are true. But in my experience, trading have cycles, and there are good times and bad times. Maybe are was lucky enough to just review the platform in a bad cycle, but anyway... My verdict: I`d rather keep my money in my bank account. If you want good trading systems for free, go to www.forexfactory.com |
Time wasters, high priced junk products, affiliate stuff..
Well, I have been following the results shown on their website (for a couple of months now), and decided to give it a try. The robot really works, the profits are real, my account is growing day by day, and the best part is that it is hands free.
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