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  #1 (permalink)
Experience: Intermediate
Platform: NINJA
Posts: 9 since Aug 2009
Thanks: 15 given, 15 received

Any feedback on Bill Barrett's www.tradethespikes.com system??

Anyone Can Trade The Spikes

Seems like a good guy and system...any feedback would be appreciated.


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  #3 (permalink)
Experience: Intermediate
Platform: Market Delta
Trading: ES
Posts: 23 since Dec 2009
Thanks: 0 given, 29 received

This may help..
Forums - Bill Barrett - anyone heard of him or use his system?

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  #4 (permalink)
Honolulu, Hawaii
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
bluemele's Avatar
Posts: 2,547 since Jun 2010
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marker View Post
Very few threads on the internet, if not any, pertains to "bracketing the news trade" technique.
I wonder why?

I know you know why. haha....

I did it for about 3 months. Down 300.00 with a demo'd system that was very profitable for about 3 months.

NG/CL never got filled.

6E was OK. 6J was not enough volume and would always knock me out at a loss in live, unlike demo.

ES was worthless.

TF was dangerous.

CL always seemed the best, but it would never fill me and go right by or give me a small loss or small win even though it went 80 ticks!

I wasn't using this system as i Haven't read it, but I followed another groups system that they do so well on "SIM!"

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  #5 (permalink)
Experience: Intermediate
Platform: NINJA
Posts: 9 since Aug 2009
Thanks: 15 given, 15 received

Well...I appreciate the feedback.

It does look like Bill is bracketing the news trade. Not sure I completely understand why
you guys are saying that it is not talked about on the web or doesn't work? Maybe you can give more details??

The tradethespike.com system is $1,997.00....out of my range. I watched Bill do a "spike" live in
a webinar on Jan 7th. He did call his entries and it was a profitable trade and it was
a very quick trade.

Marker...I have also been watching your video's and reading your blog from start to finish. Good stuff.
I am thinking about joining your room....but don't want to get off topic.

bluemele...can you give more detail on how you were entering your trades? I don't understand how you
didn't get filled if you have your order in front of the market? Does it just go that fast and skip your trade??

Thanks again for your input and insight.

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