TFS
- Adapting traditional
techniques to today's markets
...
Two
distinct features
At the heart
of TFS are two features which set it apart from most futures trading
systems. The use of parabolas to determine the relevant position
of price at any given time and the use of timing points in the market.
These tools were exposed in the manuscripts of George Bayer in his
early 1900's research and also in the research work of WD Gann.
Both men worked
independently on parabolas from the turn of the century and used
these devices to predict the range of markets. Their manuscripts
however, provided little assistance on how to adapt these tools
to every day market conditions. The most significant aspect of
TFS has been the ability to determine the starting point of these
parabolas and, as to which direction they will go in the future.
It is a well
documented fact that Bayer and Gann were both able to consistently
pick a top or bottom, months into the future, and in part were
able to do this by measuring the rhythm of the market they were
trading in.
Each commodity
has a signature or timing cycle. Once determined, major tops and
bottoms can often be predicted with great accuracy. The TFS methodology
embodies this technology and when the parabola is combined, a
powerful predictive tool is the result.
Risk management is critical
TFS takes a
relatively cautious approach to investing in futures markets.
Only the largest and most liquid markets are selected for trading
and the portfolio is currently active in 19 markets. Risk management
in all its facets is an area that is closely monitored. It is
here, that principal trader David Gray has been successful in
further enhancing the reward to risk profile.
A
medium term trading system
In essence TFS
is a medium term break-out system using a combination of systematic
and discretionary trading tools. In addition to the elliptical
determination of tops and bottoms, relative strength indicators
and stochastics are employed to assist with trade entry and exit
points.
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VITAL
STATISTICS
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Performance
to date: 59%
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Start
date: November 1997
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Largest
historical drawdown: 15%
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Largest
expected drawdown: 20%
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Leverage:
2 to 3 times
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Round
turns p/$mil p/yr: 6,000
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Management
fee: 2% per annum
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Performance
incentive: 20% on net new profits calculated
and charged p/qtr.
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Performance
updates: Daily by phone
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Contract
notes: Mailed to you
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Valuation
and liquidity: Same day
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Rec.
minimum account size: A$50,000
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Total
Funds under management TFS $4,000,000
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Diclaimer
Tricom Futures
Services, the publisher of this notice, does not guarantee the
return of capital or any particular rate of return. Potential
investors are strongly advised to fully read the client agreement
and disclosure document and/or consult their investment advisor
prior to making an investment decision. Copies of the offer document
are available by calling Tricom on freecall 1800 810 488.
