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Author Topic: Nick Vaughn ftse100-spreadbetting  (Read 57821 times)

Offline jgadefelth

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #15 on: February 01, 2011, 11:25:05 AM »
Is there somewhere i can see historical performance for some mounth or even better some years ??

i cant find anything like that on the page ?


best regards

Offline badbactim

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #16 on: February 01, 2011, 12:13:11 PM »
There was originally " records " of past performance on Nicks web site but these seem to have been taken down. Dont know if contacting Nick himself he could provide evidence ??
Sl hit today - 25

cheers

Offline Gumrai

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #17 on: February 01, 2011, 08:15:49 PM »
i use capital spreads and is therefore tax free

Todays result + 30 points, although a management trade email suggested taking 70% of your profit at approx 20 points profit and letting the rest run which it did eventually hit the full tp of 30 points.
I personally took all the profit at 20 points as I was out for the afternoon.
Since my subscription - 5 trading days - 5 profit days
Will contitnue with my journal next week, but iam impressed

cheers
hi
+35 points is correct, my mistake, but as i said i closed early, looking back at the tp levels, letting the trade run it would have been +35 points

cheers

It does annoy me and make me wary when I see results reported like this.
This trade was reported as a 35 point win on the website, but that doesn't truly reflect the result.
Honest reporting would be +20 points with 70% of the position, +35 points with the remaining 30%.
If you were betting 10 Pounds per point, you would think that this trade gave 350 Pounds profit whereas it actually returned 245 Pounds.
This is still a good result, but it should not be reported as a 35 point winner.

If this trade is followed by a 25 point loser, you would get the impression that 10 points profit was taken from the 2 trades but you would have made a very slight loss.

Thanks for posting your results Badbactim and I hope that you will continue to do so. Hopefully over the course of the next few months we will get an idea of the true results from a trader instead of the unsubstantiated claims of 150 - 300 points per month by the vendor.

Offline badbactim

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #18 on: February 01, 2011, 08:25:21 PM »
Hi Gumrai

You are totally correct and it is something the review team at systemsfortraders have picked up on with Nick. Nick did respond to this on the website which can been seen in the forum, i personally close all at any suggested % tp level .
I will report this in my future results of any suggested % tp

cheers

Offline Gumrai

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #19 on: February 01, 2011, 09:21:51 PM »
Hi Gumrai

You are totally correct and it is something the review team at systemsfortraders have picked up on with Nick. Nick did respond to this on the website which can been seen in the forum, i personally close all at any suggested % tp level .
I will report this in my future results of any suggested % tp

cheers

Nick posted at systemsfortraders re the trade "Nick Vaughn FTSE Analysis & Update 28-Jan-2011"

He did include the details of the trade, but it bugs me that he goes on to say "Total points gain +35"

I replied with a similar post to the one above and had an email notification that Nick had posted a reply. Strangely, when I clicked on the link back to the thread, my post was no longer there ??

Nick's response was included in the email notification.

Quote
Hello and thank you for the question.

If you read the trade review correctly , I do state thet 70% of the position signaled to be removed between 5920-5925.

My quote
*"As price slowed down at the 5920 level I suggested we remove 70% of the position between 5920 - 5925 and move stop to entry."*

I think thats perfectly clear.

+35 points is what the trade earned, that is not misleading, that is fact.

70% removed between 5920-5925.

30% closed at 5910.

If think my origanal post is not misleading and in fact pretty easy to understand.

But thanks for the question and effort anyway.

Nick

"Total points gain +35" is most definitely misleading, especially as it was just posted as a 35 point win on Nick's website with no details of the trade.

I just don't like to see "padding of the results", it puts up a red flag.

The other thing that I don't like. I assume that you received a trade management email/SMS
"As price slowed down at the 5920 level I suggested we remove 70% of the position between 5920 - 5925 and move stop to entry."

This is a signals service FFS! Instructions should be clearly defined
At what level do you take some profit and move your stop-loss? Is it 5920 or 5925?
If it had hit 5925 and reversed, you can be sure that he would claim that as the exit level

Offline badbactim

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #20 on: February 01, 2011, 10:48:58 PM »
you had a post removed from sft forum ?
that is weird as it is a very open forum. I do understand your frustration and it it something that i know has been taken up with Nick. Nick has asked members for feed back last week on his web site / service and this way of reporting was questioned, only time will tell on if he provides clarification to the overall managment of trades on his web site in a performance area

cheers

Offline Gumrai

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #21 on: February 02, 2011, 04:20:53 AM »
you had a post removed from sft forum ?
that is weird as it is a very open forum. I do understand your frustration and it it something that i know has been taken up with Nick. Nick has asked members for feed back last week on his web site / service and this way of reporting was questioned, only time will tell on if he provides clarification to the overall managment of trades on his web site in a performance area

cheers

The thread is under the heading "Selected Market Feeds" so it is possible that Nick is able to remove posts. What's strange is that he replied to my post and his reply was deleted also.
The good thing is that SFT will do an honest review and give the results as a percentage gain risking 2% per trade. That's the way that all results should be posted as pips and points really mean nothing. As we all know, it's possible to be positive in pips, but negative in profit at the end of the month.

Offline DamBuster

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #22 on: February 02, 2011, 09:11:34 AM »
+20 points this morning

Offline Nick Vaughn

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #23 on: February 02, 2011, 10:31:32 AM »
Good Day Folks

A few of my clients informed me on this thread and I thought I would give a one off reply.

My service has no flags attached to it. The results are reported every day with all the trade management decisions posted. The results were up on my personal website but as that section is being re-worked with a more advanced results profiling table that is due up in the coming weeks I have added 1 basic table on site until the advanced table is completed.

There seems to be a personal battle towards me here from Gumrai who in my opinion has a chip on his/hers sholder for some reason most likely he/she has been let down in the past. There is a few points I want to make clear...

1: I'm not here to impress or make you happy Gumrai, if you don't like my service or me then thats your problem not mine, I wont lose any sleep. But get your full facts correct before making comments and posting false allegations about me or my company on a public domain, as this can lead to libel legal action.

2: I offer a full refund if I fail to make 100 points per month. No quibble, No questions! it is a guarantee, who else offers that?

3. My service has a current promotion on one site that lets you take a 1, 14 day trial to see if you like what I offer. If not you have only paid one pound.

My job apart from trading is to provide profitable signals and help earn my clients money every month. If they were not happy they would not be there. If I was failing to make the 100 points guaranteed every month my service would be out of buisness as the subscriptions would be refunded every month and I would have no clients.

Also if I was missleading anyone I'm sure they would have posted by now that they were not happy or my service was not as "claimed"

At the current time of typing this mesg I have over 350 clients that have been with me for a long time, and a further 80 clients who have joined this year through various different promotion packages that I have offered.

Apart from myself, other members/clients are reporting their results with my service signals... do you see any bad comments? the only bad comments are coming from NON members/clients that have not used my service.

I will not be replying to this thread again. This was a one-off response. But I will be keeping my eye on it from time to time.

Again as a friendly reminder please get your facts straight before posting about me or my service. As I would like to keep debates civil and in a friendly manner. I would hate to use legal action for libel comments made against me or my company. The easy solution to this is have your full facts in place and in order with no assumptions or allegations.

Clear up

"The thread is under the heading "Selected Market Feeds" so it is possible that Nick is able to remove posts."

I have no power what-so-ever in deleting posts of the SFT website!

"As price slowed down at the 5920 level I suggested we remove 70% of the position between 5920 - 5925 and move stop to entry."

This is a signals service FFS! Instructions should be clearly defined


The trade management is clerly defind to the clients. The above is a trade review posted for non clients.
Again get the facts correct and DO NOT make judgments of what the signals actually say on the SMS and email when you do not even have subscription to see the alerts.

Again friendly and civil debates and reportings are more than welcome, but as soon as comments step out of line claiming and assuming subjects about me or my company that are not true, then the libel line is starting to be crossed.

Nick
« Last Edit: February 02, 2011, 10:36:17 AM by Nick Vaughn »

Offline badbactim

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #24 on: February 02, 2011, 10:43:13 AM »
+20 points today - managmenet email gave a move of sl to + 20 and move of tp with the hope it continued strongly up. Price hit original tp target then retraced, still very nice + 20 points

cheers

Offline jamestan1978

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #25 on: February 02, 2011, 01:12:40 PM »
thanks, what is the stoploss like? as in R:R ?
Edit: sorry saw this answer on previous post its 25pips
« Last Edit: February 02, 2011, 01:16:32 PM by jamestan1978 »

Offline redford

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #26 on: February 02, 2011, 11:44:06 PM »
My you are sensitive aren't you Nick.  This is the internet for goodness sake, not the Daily Mirror or some such.  I appreciate having a wide variety of comments and opinions about forex sites so that I can come to some reasonable judgement as to the service's value.  Gumrai's comments weren't out of line IMO and I happen to agree with some of them, and they provide some  balance to another over-the-top positive reference I've seen to your website.  As you know, the forex arena is packed with charlatans and crooks, it is difficult to determine the good from the bad without taking a subscription, and it is most beneficial to get opinions from others who have used the service, after which I can make up my own mind.

Offline Gumrai

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #27 on: February 03, 2011, 04:51:22 AM »
There is no personal battle between me and Nick Vaughn. If I see something that appears to be a misrepresentation then I will speak up.
The trade that I mentioned in my previous post was reported as a 35 point win and that appears to be a misrepresentation to me.
Incidently, the following trade was a 25 point loser so when the results are collated will these 2 trades together be represented as a 10 point win when they actually resulted in a very very slight loss?

I don't accept that I have said anything libelous and I don't believe that I have made any false allegations. I have questioned the method of reporting a trade result using Nick Vaughn's own report in his own words.

Quote
"As price slowed down at the 5920 level I suggested we remove 70% of the position between 5920 - 5925 and move stop to entry."

This is a signals service FFS! Instructions should be clearly defined


The trade management is clerly defind to the clients. The above is a trade review posted for non clients.
Again get the facts correct and DO NOT make judgments of what the signals actually say on the SMS and email when you do not even have subscription to see the alerts.

I apologise if the instructions actually sent to Nick's clients were clearly defined. Again, I read nick's post where he stated that the instruction, or rather suggestion was to adjust the trade between 5920-5925. If he sent out an instruction to close part of the position and move SL to entry at an EXACT level, I'm rather surprised that he would write differently in his review.
As the only facts I have to make me question the method of reporting are Nick's own words, then I have to believe that I am getting the facts correct.

The whole point of reporting results is to attract new clients. As a prospective client, I believe that I have the right to post concerning anything that I see as a misrepresentation.


Quote
Also if I was missleading anyone I'm sure they would have posted by now that they were not happy or my service was not as "claimed"

................. I do understand your frustration and it it something that i know has been taken up with Nick. Nick has asked members for feed back last week on his web site / service and this way of reporting was questioned, only time will tell on if he provides clarification to the overall managment of trades on his web site in a performance area.................


I have no axe to grind with Nick or his service and I wish him good luck and plenty of profitable trades. After all, if his service produces the profits, then it will be good for his clients.
I just hope that Nick can look at my posts as constructive criticism and change the way that he reports his results. Maybe show his results from risking 1 Pound per point instead of points profit. Mind you, I would only suggest that if the stoploss is a constant value.

Who knows. I might give the service a trial myself and if it does well, I'll be here posting my praise.

Good luck :)
« Last Edit: February 03, 2011, 04:53:18 AM by Gumrai »

Offline DamBuster

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #28 on: February 03, 2011, 09:24:16 AM »
Feb 3rd, Nick decided to stay out of the market today so no trade

Offline badbactim

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Re: Nick Vaughn ftse100-spreadbetting
« Reply #29 on: February 03, 2011, 10:19:37 AM »
concur with you db

cheers

 

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