WHERE ARE ALL THE YANKS ??..I haven't had much of a response from the system's creator so I'm appealing to your audience. I'm interested in trading this with the Dow futures contract (symbol YM) and I'm wondering if anyone else is doing so (?).
If so, are you using the same 30-35 point targets and 60 point stops or is there a necessary "adjustment" ?
Thanks in advance.
KRLY

Two trades so far this month and both have been profitable for +70 pips in total.

(KRLY - We have contacted DOW Letter and when we received a response we will post)


ReviewTeam - www.systemsfortraders.com

Hello, I finally heard from The Dow letter.
My question :
" Can you give me an idea (either what you'd do or what others are trying) if trading the actual YM contract. Would you (they) use the same 30/60 points you use or have you (they) come up with a different figure for the YM as opposed to the Wall St. 30 contract offered at IG ? I'd really appreciate any suggestions you might have ?"
His answer :
"Apologies for the delay we've been having a lot of new subscribers and the associated support that goes with it has been keeping us very busy.
Our system is best suited for European customers as we trade the Dow using IG Index spread betting and or CFDs platform. We have some US clients who use the e-mini/YM Dow contract with US brokers. The key thing is to get a broker who has 24 hours trading and allows for trades to be automatically closed after hours so that once a trade is live it can close itself when our stop or limit is hit - usually overnight. We would advice to stick to the same 35/60 limit/stop point distance in order to accurately trade our system. Additionally you may wish to paper trade for a while to make sure our system can be used with your broker in the US."

It kinda/sorta answered my questions but if there's anyone actually trading the YM with this I'd appreciate your comments.
Thanks.........KRLY123

Hey "ReviewTeam", I've got a request for ya. Would you mind, with the next Dow trade you take, listing the time (GMT is fine) of your EXIT ? I'm still fiddling with the YM : Wall St. Index conversion.
Also, the thought just struck me....what happens when neither order (Stop nor Limit) is hit before the regular trading session begins again ? Just wondering.............
KRLY123

For sure we will post our actuals in here the day after the trade closes out - hope that helps.

All trades are left to run to expiry, e.g. until Stop or Limit has been hit - the difference is usually 90 - 95 points between the two so it's usually hit overnight or shortly after the new session starts.


ReviewTeam - www.systemsfortraders.com

+35 points on the Short side from last nights trade for us.

(KRLY123 - Our exit on IG Index was at 10224 at 01:18 on 28th May - Hope thats useful)


ReviewTeam - www.systemsfortraders.com

Thanks for the extra effort. You guys are a class act !!
KRLY123

You are welcome.


ReviewTeam - www.systemsfortraders.com

3 DOW Journal trading signals in May - All winners for a net 105 points for the month

Thats a profit of just over 8.5% based on 5% risk per trade and 60 points risk per trade.


Do remember, your comments are important, if you decide to purchase this service, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

Todays trade:
They state: "We went Long at 9,920"

The dow closed at 9932, according to google finance. On IG index, the close was at 9934. I went long just before the close and got in at 9936.

To get in at 9920, they would have had to go long around 1-2 minutes before the close. They are already closed out for a 30pip profit, but I am left at the mercy of the monday open. Given the potential for manipulation with their post-ante email, I'm a little worried.....