Piptastic – Damon Elliott

Damon Elliott – Piptastic

FTSE Strategies Exposed

This manual (33 pages) opens with a focus on Damon’s background, Spread-betting (how it all works) and then Strategies (and why most of them don’t work). All useful information to those new or relatively new to trading.

Damon also reveals the system (that is not his) that he uses which “works consistently every day to take 15 pips profit every day”. We have asked Damon for permission and he is happy that we mention that it is the Markets Mastered/S&P Evening Trader system. Our previous review of this system can be found here.

Damon then explains his own system which he uses “every single day to earn 10/20 pips before 11:30″ which also incorporates the “one thing you can apply to any strategy to reduce up to 95% of losing trades”. The system is based on a 5 minute FTSE chart using a MACD with custom settings and price action around Pivot points with various options for Stop loss settings as well as Targets. This is a reasonable common sense strategy with a sound introduction to the various Stop and Target options one can/has to consider when trading lower time-frames (15 minutes or less). As part of Damon’s Daily updates (by email) he lists the outcome for each option every day as well as screen shots (with commentary) of the day’s Price action.

FTSE Evening Trader

This 27 page manual is, in essence a re-iteration of much of the trading information contained in the FTSE Strategies Exposed manual. It basically provides a little more detail on Damon’s FTSE system (see above) which he uses again (from around 16:30 (UK Local time)) to take 10-20 pips each evening. Again, results are included in the Daily updates.

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