FAQ's

 



• How are the forecasts computed?

• What are G-lines?

• Which markets can I trade with your forecasts?

• How accurate are your forecasts?

• Do subscribers get forecasts for multi-day moves or is it one day at a time?

• What broker is recommended?

• For options, do you do puts and calls, in or out of the money?

• Is it suitable for daytraders also?

• Do you forecast DOW and NASDAQ futures also?

• What is the best way to trade your forecasts?

• Is your system backtested?

• What are the EMF intraday updates and alerts?

• What is the best way to trade the EMF Alerts?

 


How are the forecasts computed?

Our method of forecasting system is very complex, but in a nutshell we calculate different cycles in the market and our computers spit out the forecast for the following week. These forecasts are best suited for swing trading and even daytrading.




What are G-lines?

G-lines are usually yellow in color, they are our weekly forecasts posted in the members area every Sunday for the week ahead. These are great for swing trading, taking one or two trades a week. Our forecasts can also be used to daytrade.




Which markets can I trade with your forecasts?

Our primary focus is SP500 futures index. You can trade any type of trading instrument including stocks, futures, options. Anything that moves in the direction of the market can be traded using our forecasts, - markets such as Russell, Dow, Nasdaq, QQQQ, SPY and so on. We currently have forecasts for SP500 Emini Futures (ES), Nasdaq (NQ), Dow (YM), SPY, QQQQ and DIA




How accurate are your forecasts?

On a week to week basis we can predict the direction of the trading week with nearly 85% accuracy. Open to close on each day is about 80% as long as we get the direction of the week correctly.




Do subscribers get forecasts for multi-day moves or is it one day at a time?

The forecasts are one week in advance, here is a sample forecast that our members receive in the members area every Sunday night -





What broker is recommended?

We recommend a list of our prefered brokers


AMP Futures -- http://www.ampfutures.com -- trading@ampfutures.com -- 800-560-1640

 

B-T Trading -- http://www.bt-trade.com/ -- info@bt-trade.com -- 800-453-4474

 

Global Futures -- http://globalfutures.com/ -- kirk@globalfutures.com -- 866-249-4579

 

Mirus Futures -- http://mirusfutures.com/ -- byron@mirusfutures.com -- 312-423-2241

 

Optimus Trading Group -- http://optimusfutures.com/ -- matt@optimusfutures.com -- 1-800-771-6748

 

Striker Securities -- http://www.striker.com -- wgallwas@striker.com -- 800-669-8838

 


For options, do you do puts and calls, in or out of the money?

Sometimes we do puts and calls-  with both S&P an ND futures and SPY and QQQQs-  I look for the big moves on the forecast and use only a small portion of my account on the trade.  Futures may be better in a taxable account if you can afford it and the contract you are trading is liquid-  I will trade by what the market gives me, so I don't have a set number of trades per month-  My first advice is to not be too aggressive with the options-  If you don't have a solid handle on the leverage you are using, I wouldn't do it- That is, how much the option moves in price for a corresponding move in the underlying.  

The closer you get to the money, the more it will move in general- I tend to trade right around the money for this reason- By doing this, I will get price acceleration if it goes my way and less of a loss if I am wrong.  Find a high or low in the forecast that seems to be confirmed by the intraday to make your move- You will have to develop your own style that fits your own personality and account size. Use caution- have fun-  Good luck-



Is it suitable for daytraders also?

Yes, it is, though we recommend trading on a longer term basis - 1-2 trades a week. Day trading can be dangerous, exhausting and once almost always loses out on the big moves that we forecast.

 


Do you forecast DOW and NASDAQ futures also?

Yes we do and those forecasts are the same as S&P500 forecasts

 


What is the best way to trade your forecasts?

Our service is really about three things: Pivots, Direction and Absolute levels (amplitude). Therefore, it is really important to identify the high and low pivots (in time, not price) to see where the trends will change. Our forecast will show you the high or low pivot point.

Another way to trade is to take shorter trades that set-up where the market diverges from the correct direction (based on the pivot to pivot analysis described above). Simply trade in the direction of the forecast where either a) the market has retraced away from the forecasted trend or b) where it has
taken out a previous low or high from the previous day (or some other significant level).  Keep in mind, lower risk strategies are often associated with making trades at price levels at or near forecasted weekly pivots and not in the middle of a pivot cycle.

 


Is your system backtested?

We do not use backtesting-  The history record you see on our site is actual-  We believe backtesting is a farce.  Back-tested systems will always fail unless they are based on something real. The record you see on the site is real and not hypothetical-  There is a big difference between this and a hypothetical record.
 
Backtests are based on assumptions and the vendors don't tell what those assumptions are.  That is why you get the "dishonesty" associated with vendors promoting backtested systems-  The probability that a backtested system will continue to work as tested is about zero.  I have never heard a vendor tell their prospects this.  We just stay away from all that and use our real history.

 


What are the EMF intraday updates and alerts?

Each morning at 10AM Eastern time, we report a projection for the day’s price direction. Then at various points during the day (as early as 10:05), we report alerts that are typically a more timely entry than the update itself. These alerts are not reported on the site at this time as they are relatively new. The alerts and updates were developed to meet the specific needs of our clients in this volatile market condition. At this time (12/08), the alerts, even though we do not advertise them, are the best part of the service; a kind of best kept secret of our members. Many weeks (in this market) the alerts, by conservative measures, produce $2500 or (much) more trading one S&P Emini contract.


What is the best way to trade the EMF Alerts?

The stats we use in the updates for the alert service are just based on entering at or near a 40 minute high (short) or low (long). It is a simple approach. The alerts as is the case with all EMF product, its a tool. You could also do well fading previous day's hi/lows in the direction of the alert. For example, know the globex high/low, the previous day's hi/lo and the zone around both 15 minute and 60 minutes range after the 930AM (eastern time open). Today was a great example (12/11/08).

The globex high was 899.50 at the time of the alert; 25 points of gain on the short trade if closed at the close of the day. Yesterday at 10:30 it triggered a long alert (12/10/08). You could have bought at the globex low of 888.50 and held to the close for 18 points of gain. To be honest, we did not claim this kind of gain and report a much more conservative level, but it certainly was attainable using these methods. This method of choosing support and resistance levels is incredible and is used by some of the very best traders.

 

 

 
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