• s.t.a.r. forex
  trading system home
• buy s.t.a.r.
• new keys
• contact / faq

S.T.A.R. - the Super Trades At Retrace FOREX Trading System

CAPTURE the Best Part of Super Trades

contact

Email at



It would be a pleasure to hear your testimonials, comments and suggestions,

or questions about the STAR Forex Trading System. Also, please do not

hesitate to send any questions or concerns about this website.



Due to the seriousness of financial concerns, as stated in our

Risk Disclaimer no trading advice of any kind may be given.

Thank You In Advance for Your Understanding.



Wamest Regards,

Tom Hennessy

faq

Q

Not a question but I got this email Fri. Apr 25, about 1 week after Duane M. got his STAR Trading System:

Hello Tom, I hope that all is well for you. I thought that I would share my first successful trade with you. I have attatched the Eur-jpy chart. As you can see, price touched the signal line and dropped like a rock!!

A

I have reproduced here what he did and marked up what made him so happy. The rectangular box is cleared out proprietary info from the system.

The subject line of his email was simply, 'Success!!'. Thanks, Duane for sharing this with us.

04/23/08 pivot EUR/JPY

Q

General question I get asked alot:

Is this software, an e-course or an ebook?

A

This is not software. The System Requirements are there because I use Metatrader 4 as a distribution method for the system tools. You won't have to waste time doing what I have already done which is setting up the system for you to run. You may migrate it to your own system because it is transparent - you'll have all the settings.

You trade the system yourself so you are NOT subjected to the robot's scenario of Stop Out or Lose Out every time the market oscillates. They just haven't made an indicator yet that has the correct mix of sensitive and sensible. Indicators are simple robots unable to distinguish all market action components and since Expert Advisors (software) or standalone software programs run only on those indicators they must choose between automated and effective. You pay a huge price letting a robot run your money "for you".

It is not really an e-course but it is thorough and has over 40 illustrations of actual start to finish play-by-play trade setup and execution. Theory is not used except briefly to show why something is being done. This is a step by step action guide to let you isolate the signal on the right spot. There is a right spot. So it is an ebook that while you are learning will probably feel like an e-course and while you are trading with it will seem like a pocket guide to the three steps you learned!

Q

B. < ----- @h--mail.com> wrote:

Hi,

Can your forex system be traded by someone who works 9-5 EST?

I noticed you refer to daily charts in your text but often display charts with much smaller timeframes...

Thanks

A

Hi B,

Thanks for your interest. It most certainly can be traded on that basis.

I find this system to give me more time freedom than anything I have used yet. Reason being that the signals begin to form a fair time ahead.

For instance the signal for the NOV 01, 07 entry was confirmed AUG 20, 07 and it was just a matter of waiting until the price met the signal. And you could see that marker coming days ahead of time. Just place a limit order with a stoploss and go to work. That is some pretty good warning! And so that trade gained over 3400 pips. It did not have to be watched closely at all.

You could even trade 4 hour basis and still have loads of time to plan the entry. Those are good runs and then you can use a target profit and perhaps a trailing stop set conservatively - then adjust as you see fit at the end of each day.

That is a flexibility you get with these signals without losing the available movement like an automaton filter/oscillator which may run unattended but robs the potential. Don't forget if there really was a software automated solution to the complexity of the market EVERYONE would have already retired.

You can take the signals on as large a time basis as you want. So it really is a matter of what suits you.

I hope that clears it up sufficiently for you. :)

Warmest Regards,
Tom Hennessy

Q

F. A. < ----- @ --hoo.com> wrote:

Hello,

I came across your site and am interested in the STAR trading system. Could I get you to please clarify a few things for me beforehand though.

I am really awful at interpreting elliot waves, and well...pretty much anything that's too subjective like wave-theories. I was just wondering if your system is as discretionary as elliot waves, and would it be something that is more subjective? In terms of simplicity, would I be able to find trades, without second-triple guessing myself (bad habit I have...)?

Look forward to hearing back from you,

Cheers

A

Hi F,

It is precisely because of those things you mention that I was so happy to offer my system (so don't be too hard on yourself).

Elliott Wave knowledge is not necessary. It is completely explained how to use simple steps using tools that are supplied. The tools are brought down to a very basic setup to allow you to see a very objective trigger.

Just as importantly this system will identify when NOT to get in. This is just as objective since the steps for entry are simple and clear. To accomplish this there is a first step using 1 tool to get you on the timeframe for the next tradeable pivot. That 1st tool also selects your 2nd tool so you match up correctly to see when the trigger comes.

Even though the power of a brand new and proprietary elliott wave "Key" puts you at the right place at the right time, you will not be counting any waves at all.

I think that the problem with many methods is that trades are working for a while but when the trend changes it is not recognized. It is likely that at that point the analysis which was working will fail for more than half of the following move causing much whipsawing and many stoplosses. This is because the new move is on a different timeframe and yet the trader continues to apply his analysis on the former timeframe.

Although it has taken years of research to find the key to the elliott waves I was so pleased when I saw that the power of that could be applied by anyone at all using my technique. That is how the STAR Forex Trading Sytem came about. It just takes the complexity out of it by method.

You are looking at this exactly the way you ought to be. It seems that the system you are looking for (and you MUST have a system) is this one. I may be biased but I haven't seen it fail yet so it is hard to argue with.

I wish you the best with your endeavors.

Warmest Regards,

Tom Hennessy

PS. Even though it is simple, it is thoroughly explained.

Q

F., from Italy. < ----- @ t-n.it> wrote:

1) It seems that you tested your STAR fx trading system starting only from last 1st of nov, 2007.

Well, due to the fact you find out this system many years ago, I’d like to get some older results trading the GbpJpy pair; can you backtest a wider period on this pair and send me your results?

Four months only are really a too short period to evaluate the reliability of any strategy (even if it’s well known, anyway, that "past results are not indicative of future performance", but a well conducted, extensive and reliable backtest, can, without any doubt, give a quite good idea about how the system will perform for the future in different market conditions).

2) Besides, what about Stop Loss using your STAR trading system? What’s happen if a trade move against my position, how to know when exit a trade in loss, if needed?

I think you cannot affirm that trading your method you can assure 100% positive trades (the Holy Grail don’t exist!), so, when a losing trade will come, I’ll be able to exit at the right time with the right pips stop loss?

Trading without an initial and fixed stop loss (even if "mental" only) it’s a suicide and come to lose all money, sooner or later, because the losing trades also are part of any strategy!

Please, let me know about the two points of mine above.

Thanks.

A

Hi F,

Thanks for your interest. You have a point about it being new. I stated that I have been researching the elliott wave key for years - not this technique however. This came about fairly recently. I suddenly realized that what I had been doing was repeatedly showing up a signal. One that anyone could see if I could get them first to be in the right place.

This is accomplished by the STAR System. But, being new, the possibility to backtest far in the past would require more data than is available on the timeframes to which it could be applied right now. Perhaps sometime in the future it may give a signal on a monthly timeframe but for now the largest is on a daily and that is covered on my site. That is the Nov. 01 one.

As far as being a holy grail I do not claim 100% in the future, just the recent past. I have seen it fire signals on even a tick chart but I don't intend it for that. So one's money management and stoplosses is straightforward and they are handled with the instructions that come with the system. Basically it is that since these prime retracements are coming so nice and tight to the former trend's hi or lo that it is a smaller than usual stoploss at the pivot + spread. If the signal comes in at more distant from that pivot than your normal money management practice would allow, then you would substitute the smaller level.

The signal is known a bit ahead of time and so you can see where you will be getting in. This allows the planning of stoploss strategy. The max drawdown so far was 60 pips and that was on a daily chart on a currency pair that is known for high average true range so this is to be expected for this trade. There are new screenshots on the website just today on the stats page which may give you a better look.

I hope this will give you sufficient peace of mind on the system. It would just seem to be a wise choice if you find that you would be sustaining the amount in stoplosses equal to the cost of the system. Since one really MUST have a system, and this is able to offer to put you in the wave's key, then it is the best choice.

It is not anything I have done to give it the power that it has. It is just the fact that when a trend changes this will recognize it due to elliott wave integrity. The only rabel-rousing that goes on about elliott wave counts is on the current degree. Nobody disputes that the waves-past follow elliott wave rules and guidelines. So in this I claim an edge only because I discovered something that the wave does - gives a tell-tale sign - and that aids counting and that in turn led to a technical analysis setup that led to the system.

I think you'll do fine with it. I know I have.

Good luck with your trades, F

Warmest Regards,

Tom Hennessy

Q

F., from Italy. < ----- @ t-n.it> writes back:

Hi Tom.

Do you think your STAR system could be applied to other pairs than GbpJpy (like EurUsd, GbpUsd, UsdJpy, EurJpy) with the same great results?

Did you test it on other pairs in some way?

F

A

Hi F,

Yes the STAR system will work in exactly the same way on all forex pairs. It will also work on any other leveraged instrument such as futures and commodities.

Also it will work the same way on all timeframes due to the elliott wave integrity on which it is built.

I have added this question to the FAQ page with screenshots of Friday's (yesterday 3/14/08) opportunity on gbp/usd. {ed note: see screenshots below}

Pivot was low 2.0213 (signal was 2.0248 for LONG) / stop is low + spread / take profit and reversal target is an already developing signal for SHORT.

Pivot was high 2.0391 (signal was 2.0370 for SHORT) / stop is high + spread / take profit and reversal target is a signal from STAR system using the same identical steps which are fully explained but simple and clear and objective.

Profit from this trade would have been 122 pips or 69% of that time basis' Super Trade with no loss and max drawdown of only 8 pips. Duration was 2-1/2 hours.

I hope you see the advantage of these retracement entries. The trick of course is the system signaling that they are not just speedbumps in the continuing trend which would trigger the stoploss.

Thanks again for your continuing interest, F.

Tom

GBP/USD 3-14-08 pivot open

GBP/USD 3-14-08 pivot close-or-reverse

So now it's time for YOU to Capture the BEST Part of the Super Trades

Just click over to the order page to get started with your own S.T.A.R. Ebook right here. You'll be so glad you did you just won't believe it. I still have a hard time believing it is this tight and effective.

The only other thing you can do is get last century results and stoplosses.

Purchase the S.T.A.R. Ebook Today