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Old 06-10-2013, 07:31 AM   #1 (permalink)
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Shirley Hudson's (Forexmentor) London Close Trading Strategy Review and Trade Log


I recently purchased the London Close Trading strategy from Shirley Hudson and the Forexmentor team. Below is a video review. In this thread, I'll also be keeping a journal of trades.


First, though, we are giving away one copy of the course FOR FREE! This Saturday, June 15, 2013, we'll select at random one person who has circled us on Google+ and given us a +1. To get your chance to win this course for free, head on over to our Google+ page.

Here is a brief review of my take on the course thus far:

1. Shirley has posted her track record using the system, boasting 90%+ returns. After taking a look at the method and her approach, I think the results are honest.

2. The course does require a basic understanding of support/resistance, some basic indicators, and how to place a trade. If you review David's introductory course, our introductory forex course, and our page on support and resistance, I think you will have the necessary foundation to trade this strategy.

3. The course requires being able to watch the markets from around 9 AM EST to 1 PM EST (3 PM GMT to 7 PM GMT). That's a broad window of time and one could probably trade the strategy using a more narrow window, though it helps to have this timeframe open.

4. The strategy involves trading the 5 or 15 minute timeframe. I'll be focusing on the 15 minute timeframe for my trade log here.

5. My favorite part of this strategy is that it can be executed with proper money management with a very small account. I think $500 is sufficient; I'll be trading it with an account balance of just over $800 USD.

6. Purchasers of the course also get one month access to Shirley's trading room, in which she shares the trade she places using this strategy, and provides email support to members.

If you have any questions or would like to share your experience with this strategy, join us in the comments below.

ADDED September 7, 2013: Here is an interview with Vipin Sharma, a full-time day trader who uses the London Close strategy, with his thoughts on the system.

ADDED November 23, 2013: Here is a video showing how a volatility increases at 11 AM EST each day. This is the time of day the London session closes, and relates to a market idiosyncrasy this strategy is designed to exploit.


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Old 06-10-2013, 05:51 PM   #2 (permalink)
 
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90%/annum?
Over how many years records?
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Old 06-10-2013, 06:04 PM   #3 (permalink)
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her web site shows a 90%+ success rate since january of 2010. i'm in the process of testing the strategy and will post my results here. did not get a trade signal today. results can vary depending on how one utilizes the strategy; it is pretty rules-based, but there is certainly some subjectivity involved.
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Old 06-11-2013, 01:27 AM   #4 (permalink)
 
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Very interesting. I'll be following this thread.
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Old 06-11-2013, 04:15 AM   #5 (permalink)
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Quote:
Originally Posted by Simit Patel View Post
her web site shows a 90%+ success rate since january of 2010. i'm in the process of testing the strategy and will post my results here. did not get a trade signal today. results can vary depending on how one utilizes the strategy; it is pretty rules-based, but there is certainly some subjectivity involved.
Great Simit! I am also interested in this strategy.
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Old 06-14-2013, 07:02 AM   #6 (permalink)
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just a reminder that today is the last day folks have to enter the contest. if you haven't already, visit our google+ page to earn your chance at winning the london close strategy!
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Old 06-17-2013, 09:36 PM   #7 (permalink)
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Journal?


Hey Simit,

What happened to the promise of the journal in this page where you record your trades? Come on man, you got all of us excited and are just pouring cold water on all our excitement.
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Old 06-18-2013, 08:05 AM   #8 (permalink)
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hey jey,

i'll be posting my results at the end of each month. so far, i've only placed 2 trades; 1 was a winner, 1 was breakeven.
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Old 07-09-2013, 07:52 AM   #9 (permalink)
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here is my one month update of the london close trading strategy. i am up a little over 1% thus far. i placed 8 trades and had 5 winners, 2 losers, and 1 breakeven. thus far i'm pleased with the strategy and think it is worthwhile, though it does require practice and effort -- it is not really a "get rich quick" type of offering. as i mention in the video, though, i think it is a good strategy for traders to practice, and i think it could help inspire traders to create similar strategies of their own.

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Old 08-24-2013, 11:22 AM   #10 (permalink)
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Questions regarding london open as you promote ...

They promoting that they are 100% real and access record .. 94% accuracy ..
It's amazing numbers and from the basis of sales and trading so should shirely, be trading big account today ...

What amazes me is that performance is demonstrated on a exel sheet no copy from the trading account or link to an independent like currensee who can verify
that the numbers are correct ..

Another thing is amiss when london open is so accurate why sell $ 200 courses when you can earn a fortune to manager account instead?

I have to admit in my curiosity, I bought the london close course,,, 24 hours after i complaining on the course content and demanded money back..
*

Is this really anything to promote!! Is it worth spending money and time on it, should not forex aspirants spend the money elsewhere instead?
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