This thread is for those who wish to discuss, in real-time, the FX Friday system.

PLEASE REMEMBER: All posts we consider inappropriate, for whatever reason, will be deleted retrospectively and your membership will be terminated on a 3 strikes and out basis.

We look forward to making a success of this Trading Room.

We have not yet received the manual for this system - Until we do we will not be actively participating in this room, we have set the room up in anticipation!

Anyone try and second guess the system yesterday!

I chickened out of second guessing. I would however like to give a grand huzzah! for the password protected nature of this forum. It's not like I'm a freemason or something, but I personally think this system is worth testing at my own expense, and then retaining if required at said own expense. Whilst I don't really believe that the publishers of these systems restrict themselves to only 50/150/500 etc copies of the system, I do think that the chaps who made the effort in the first place deserve paying. Ensuring actual ownership of the system does potentially cut out some of the dumber questions too.

Anyway, rant over.

I did use the spreadsheet last weekend, but didn't like what i saw for the risk- reward ratio. There were 2 trades for profits of +32% and +37%. At those returns I won't be making many 'easy£100 fixes' every week, not prepared to risk £600 for that...
However, I don't have the manual yet, so let's wait and see what happens then...

I also with agree with Zorba, it's a great idea and a refreshing change to have a password protected forum. As I've paid out the hard cash i don't like to see the info given away for free on forums (your Forex Net Trap forum springs to mind here!)

Thanks and glad you like the idea, we too await the manual.

Re: Net Trap - We have done our best to ensure the system is not revealed but obviously someone completely determined can and will work it out, possibly not from our forum but certainly from others. It was with this experience that we decided to make these rooms password protected.

Thanks for the contribution and look forward to trading FX Friday with you.

We have our manual - Just reading through - back later !

My manual arrived - quick glance through it but r/r looks pretty poor - in an example cost of bet is £76.89 to return £100 !!!

Hmmm..........

Mitch

Hi all
Very much agree with the comments regarding the password, it makes a refreshing change!
I'm actually at work tonight so will "miss" the action tonight but look forward to reading the forum when I get home (and get a chance to read the manual)
Good luck everyone!!!

I received my manual today and went through the system. The FX Friday spreadsheet highlighted 2 potential trades today, but the returns were 16% for the first potential trade, and 26% for the second potential trade. The manual says not to go for anything that doesn't yield at least 30% profit, so it looks like it's a "no trade" Friday :-(

Having said that, the manual states that it's worth running the numbers again on Monday morning, as it may yet turn into a trading opportunity for these 2 currencies.

Has anyone else tried it today?

Haven't got the manual yet, but went throught the spreadsheet anyway.
Agree that there are 2 trades this weekend, but for me, one was showing at 18% and the other at 33%, so I think there should be one trade.
I'm only using the BoM demo account though, don't know if that gives different results to the 'real' account.

Anyone else?