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Browsing Category: "Louise Woof"

Foolproof Evening Trading maintain good results…

January 25th, 2009 | Posted in Foolproof Evening Trading, Louise Woof, Market Indices
It’s been three weeks since the official launch of Foolproof Evening Trading from Louise Woof. I’ve written several posts since then on how the system is doing. The first introduced the service, the second provided an update in the early stages and the third gave feedback on enhancements and the likelihood that the price would rise soon.

Louise has now provided the results of the three weeks trading and in summary they show a profit of 470 pips. This is based on using IG Index and evening trading only. Using the Capital Spreads platform the return is 217 pips based on the same criteria.

Note that I’ve reported evening results first as I would imagine for most people these are of the most significance. It is possible to trade from mid afternoon and if we look at those results we have 1095 pips on IG Index and 552 for Capital Spreads.

So, there is definitely potential for long term profit here even if you only trade in the evenings. Obviously to achieve results like those above you would need to trade for the full three hours each evening of the week which may not be practical for everyone. With that in mind it should still be possible to achieve between 100 and 200 pips a week irrespective of which platform you use.

In Louise’s latest email she drops a very large hint that the price of Foolproof Evening Trading is likely to rise in price very soon so if you would like to buy it at the early bird price of £157 then I’d suggest you act sooner rather than later. There is a 30 day money back period which provides reassurance that you can try without losing your money if it’s not for you.
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Foolproof Evening Trading increases hours and soon price…

January 19th, 2009 | Posted in Foolproof Evening Trading, IG Index, Louise Woof, Market Indices
It appears that Foolproof Evening Trading has become very popular with users and Louise Woof, who developed the system, has been busy updating things.

Having been asked if the system could be used for a longer time period Louise has said that it can be used starting at 2.30PM BST which gives another three and a half hours each trading day. Team this up with using IG Index and you could find yourself with a very manageable system. The extra hours and more ambitious criteria with IG Index will allow you to be more selective as to when and how long you trade.

Louise sends out regular email updates with hints and tips on how to maximise your success with Foolproof Evening Trading so even if you are new to the whole business of spread betting it shouldn’t take too long to get up to speed.

There have also been requests for Louise to publish weekly results so that people can check that they are using the system correctly. The first results were recently issued and I can confirm that they matched the paper trading I did on the Finspreads account I was using.

I’m looking at funding my IG Index account to take advantage of the increased number of trades with this platform and once attention is away from the new US President being sworn in I’ll look to actively trade.

It’s perhaps no surprise that as this product has been well received the price is likely to rise very soon. It’s currently £157 as an early bird bonus. Don’t forget that there is a 30 day money back guarantee if it doesn’t suit your circumstances so is worth buying now before the price goes up.
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Foolproof Evening Trading System update…

January 16th, 2009 | Posted in Foolproof Evening Trading, Louise Woof, Market Indices
I always find it interesting when a new programme or service is launched aimed at online investing. The developer/author obviously makes certain assumptions about how people will use their new product and create the rules on this basis.

As Louise Woof of Foolproof Evening Trading has discovered people don’t always do what you expect them to.

When the system was launched Loiuse recommended that users could use one of two spread betting firms, Capital Spreads or IG Index. She suggested that people use the charts provided by Capital Spreads even if trading on IG Index.

As it turns out most people would rather use the charts from IG Index if they are trading with that platform. The outcome of this is that Louise has issued an update to the effect that when using IG Index charts the criteria for identifying a trade can be altered slightly.

As Louise explains the overall strike rate shouldn’t change so you’d still be looking in the region of 70% successful trades overall.

I’m using Finspreads for trading so I’ll keep to the original settings. You can see the results that I’m getting paper trading in the comments section of this post.

If you are interested in learning more about Louise’s product then click here.
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Foolproof Evening Trading System launches…

January 10th, 2009 | Posted in Foolproof Evening Trading, Louise Woof, Market Indices
In a previous post I announced that Louise Woof planned to launch a new trading system. Well, now that system named Foolproof Evening Trading System has been officially launched.

The idea behind this system is that it should suit those people who are unable to trade during normal market hours due to other commitments. To be precise the system is designed to work between 6PM and 9PM GMT so if you are in another part of the world you should check what this is in your timezone.

I’m not going into detail about the system itself, suffice to say that it works on a particular indices using a 5 minute chart. The idea is that you look for a particular signal  on the chart and once that appears you check one other indicator. Assuming all is correct you place a buy or a sell trade depending on the way the indices is moving.

Criteria for closing the trade is fairly straightforward and this can be triggered 5 minutes after opening or later. As with all good trading systems there is a stop loss employed to ensure that any trade that goes against you is managed properly.

The cost of the system currently is £157 but is likely to rise in the future. You should note that this system is based on spread betting so will not be available in all countries.

Louise recommends two companies IG Index and Capital Spreads to work with. Another that I use is Finspreads as I found the joining process fairly painless with them.

Having paper traded the system for 2 days now it’s probably too early to make an informed decision but first impressions are positive. The whole Foolproof Evening Trading philosophy is based on simplicity and in that regard it scores well. Clearly you will need to dedicate the time in front of the screen to apply the system and whilst this sounds easy there are things to consider. As you are looking at working in the evening there is a risk that interruptions could impose on your focus. Also, when the signal happens you need to place the trade quickly so you will need to have a reliable internet connection. This constraint is also important when closing a trade as the indices can move quickly.

Given my limited exposure to date I would recommend this system for those who want to try working the markets in the evening as long as you can dedicate the time. There is a 30 day trial period so if it doesn’t suit your needs you can always get a refund.
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