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1 Review by Richard

DayTradeIdeas

DayTradeIdeas

10/10/14
Have been using Jason's FTSE 100 futures service since May 14 now and am very pleased. I can only comment on the FTSE report as thats all I trade and all I subscribe to however based on my experience of it I expect the other positive reviews are accurate too.
Providing you are clear that you are the trader, no one else, and therefore understand that you are paying (a reasonable price) for a technical service here, you can then objectively decide whether this is worthwhile, perhaps after test driving it for a while first. If by contrast, and with no experience, you expect to pay a small amount each month to be immediately spoon fed individual trades which never fail to do anything but work for loads of points every day, and you don't want to or are unable to learn how to trade yourself, then its not so much that this service is not for you, its more a case of realising that no such service exists. That's not to say that you don't get suggested trades here every day. You do. And you could do alot worse elsewhere. But in my view if you ignore all the levels you are given and only wait for and then follow those trades, if and when they arise, you are at best not using this service to its full potential and at worst will lose money (which will be no ones fault but yours). Instead, to use an analogy, use this in the same way you would use a set of advanced charts. If you are brand new to trading you may not even realise that you need advanced charts. But for anyone else, would you trade without advanced charts? No. Do you blame the advanced charts if your trade doesn't work? No. Does using advanced charts mean that every (or even any) trade you do will work? No. But have you got more of an edge and are you stacking the odds more in your favour if you use advanced chats? Yes. You can get them for free, but you sort of get what you pay for don't you, so you will probably pay for good advanced charts because they are a necessary part of your trading arsenal. If you think of this service in the same way then you may start to find it useful.
What you are subscribing to here is a set of technical levels = support, resistance and profit target levels for the day, (as well as a one line steer to the possible days action plus the materials on the website). That doesn't mean you shouldn't work out your own levels as well. But if you want a helping hand while you learn, don't have time initially, or want a (good) second opinion, then in my view this is worth the price, because the quality of the levels you are given is where this really shines. You get roughly 3-5 levels both sides of where you are each morning, and sure, of course it is not going to hit all of them, or work on all of them. And sometimes they don't work at all (it doesn't make sense to say they are 'wrong' as this is trading probabilities not seeing into the future). But I agree with other reviewers that it is uncanny how well these do work when they work, and the hit rate generally is good enough for me to want this as part of my trading arsenal.
You get these in a very short concise report (which you need to access each day) and it is there well before the markets open in the morning. At first I wanted more than just a few lines but now I actually prefer how concise this is. It doesn't dwell on endless speculation and repeat everything you can read in the FT etc, just gives the days levels and perhaps a couple of 'ideas' of what might work. Equally Jason doesnt try to trade the news, but sticks to the technical analysis. And that is the way you want it. This is only my view, but in my admittedly early to intermediate experience, trading the news on index futures requires you to be in exactly the right place when it breaks and then make the right interpretation of it. Quite do-able, but you can get that right (or wrong) yourself, and dont need help with that, and if you get it right and on time it may certainly upstage any technical trade. But fundamentals only drive the markets maybe 20-30% of the time, depending on whats happening out there? Technicals flip the market around all day every day for the remainder.
But remember, the trade is up to you at the end of the day. If you are a new or intermediate trader or even a seasoned pro wanting a second opinion then DayTradeIdeas may help give you an edge, until such time as you can plot your own levels better (assuming that time comes of course). Dont be afraid to take advice from others until then, provided you choose carefully. The more edges you get, the more chance there is your trading will work. Its not the holy grail, or the genie out of the bottle, or as amazing as its own promotion makes it sound, but, for me, at the price this comes at, this has given me a powerful addition to my trading arsenal and has in my view shifted the odds a bit more in my favour.
Richard.

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