commodity advisor services

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Floyd's system is different than any other. To effectively trade the market's you must find a good system and learn it. Commodity trading is hard work, and we are not a service that will tell you that you can get rich quick. If you are serious about commodity trading, I know that you will be very satisfied with our service, once you see what we have to offer. It is very difficult to make money in this business. However, some people are very successful at it. It does take a combination of things, more than just charts and more than just technical & fundamental analysis. You must have another important element, and that is understanding the players and always knowing who is holding the majority of longs and shorts in the market. This is the basis of Floyd's system, it is at the core of how the system evaluates the fundamentals of supply and demand in each market.

The system Floyd developed uses a methodology he coined as Independent Market Participant Analysis (IMPA). He focuses on the participants, those holding the longs and shorts in the market. Clearly, this is how the floor gains their edge in the market. When you combine the process he uses to measure the individual players in the market combined with traditional technical indicators and fundamental analysis, you are trading with the privileged knowledge of the floor traders on a position trading basis. Those on the floor of the exchanges clearly have an edge over the public, and that is very important to understand. From their front row seats (very expensive seats I might add), they can see everything. They know who is doing the buying and who is doing the selling. They also know the public has the weak hand. Understanding how they think and operate is vitally important for those of us trading off the floor as well. The information the floor traders have access to is by no means free. A seat on the Chicago Mercantile exchange is not cheap, but well worth the price.

Before we take a trade, we must have certain indicators setup and certain conditions present in the market. The core indicator is of fundamental origin and completely unrelated to price, old prices, price structures or price patterns. This is a very powerful leading indicator. Floyd's research has shown that it is extremely important to combine technical and fundamental indicators. Furthermore, it is also very important to use the fundamental indicators to lead, and technical indicators for entry, stops, exits and profit objectives.

Hello this is Floyd, let me explain a few basic concepts about how my IMPA position trading system works and how it is different than the common technical trading systems used by 90% of the individual futures traders - Let me also point out that we now provide several shorter-term trading techniques and swing trading approaches now as well (starting in 2000). The below discussion is focused on the longer-term position trading system (developed by myself in the early 90's) that I call my "IMPA" Position Trading System.

My IMPA Position Trading System is composed of two key components.

#1 - Fundamental analysis
#2 - Technical analysis.

Fundamental analysis is used to select the markets that have a unique underlying fundamental condition which is either bullish or bearish. Not all of the markets will have the right fundamental conditions. Most of the time, the markets are trading in a range and are in-balance. In other words, there are no imbalances in supply and demand or any fundamental conditions which may cause a shift in either supply or demand. Our system tracks the supply and demand balance by breaking down the open interest (open positions) by individual participant and then tracking each participant's behavior (IMPA). There are three participants in futures.

#1 - Public
#2 - Funds
#3 - Commercial hedgers

The fundamental portion of the system tracks the relationship between the three participants, by tracking and performing various statistical studies on the number of long and short positions held by each of the participants. Our proprietary fundamental indicators are derived solely from this information, and not from old prices. This is what makes the system very unique compared to 95% of all other systems. Statistical studies and surveys among traders (both small and large) show that 95% of the individual traders use technical based systems. These systems are all relatively the same, and are based on indicators which are derived from old prices (such as moving averages and oscillators). These indicators have an inherit flaw. They can not predict the future and they produce a significant lag which makes them extremely poor at forecasting the future. This is unfortunately how the traders use the systems and that is what they are expecting (a accurate and consistent forecast of the future). What they get is random results. Usually just enough success to keep then interested and in the business for about 6 months, or less.

I will be honest with you. We do not have a crystal ball. No one does. Never believe anyone who claims that have a magic system, or a system that produces 99 winners out of 100 trades. Those systems are all curve fitted, which means they were created around old-data for those sole purpose of producing unbelievable results. So be careful out there folks. Keep in mind that the average trader, using a technical system with a core indicator derived from old price data has an extremely low probability of achieving any kind of consistent success in the market beyond just plain old luck. What typically happens is the indicators work just about enough of the time to keep the average trader interested. Clearly, this is the path the majority take, and it is also clearly the wrong path. A simply analysis of the data reveals this to be true.

Here is how I explain it to new traders:
Using technical analysis only to forecast future prices is very much like driving your automobile using the rear view mirror for direction! All you see is what just occurred last, and you have no idea what is directly in front of you. You might drive off a cliff or run right into a telephone pole using only your review mirror for direction.

Furthermore (additional facts)
It is also a well known fact that approximately 90% of all individual futures traders lose money. 95% of them are using these very popular technical system that come stand with your average software package, and can also be found on the internet, some of them are even free. (Remember the old saying, nothing is free, at least not anything of any real value).

My system uses a proprietary form of fundamental analysis to forecast the future. Now forecasting the future is tricky. Again, no one has a crystal ball. However, we have found that for prices to advance sharply, or decline sharply, certain fundamental conditions must be present in the market ahead of the advance or decline. These conditions are outlined in my manuals and tracked with our proprietary system in over 500 different graphs and charts. This is the heart of our system, and it is a unique proprietary concept, unlike any other system available to the smaller individual traders. Certainly the larger traders and institutional traders have access to, and use similar types of studies and systems to track and trade the futures markets successfully. This system can give you the same edge that these larger players pay millions for.

There are two main proprietary indicators we monitor. These are the LCL and UCL lines. Those tell us when the conditions are right for a sharp and significant move in the market. When and only when the conditions are right, we begin using a set of proprietary technical indicators to time an entry into the market and to calculate our risk and potential reward. That is all I can tell you about our system without giving to much away.

I will also tell you that we have helped a number of regular normal people learn how to trade futures successfully. Some have quit their day jobs and now trade full time. If you like, I can have my assistant give you some names and emails of current members who have been using the system for a year or so. You can also read through our testimonials. Those are directly from our members who have been using the system, or have taken the workshop.

Everything you need to get started with learning, and trading this system is now on-line in the private area's of the vault. I only recently made the system available to the public via the internet. Prior to that, the system was only available to a few close friends and family. However, the internet has now opened up an opportunity for me to share what I have learned and developed with others who may be right where I was years ago - Just learning about this fascinating business of trading futures!

All the new price data is uploaded daily, all the charts are updated daily as well. We have three on-line manuals, a help section with previous member questions. I write two reports daily (morning and afternoon), and we have senior members who now trade full time that also write their own personal reports. The senior members reports capture the private detailed thoughts and analysis of the markets using our system and proprietary indicators from the stand point of an independent user (other than myself who developed the system). I have found that both commentaries (senior members and my own) have been very helpful to new traders just learning the system and futures trading in general. If you are serious about learning the nuts and bolts of the markets, how they function, how prices are determined, and how to identify the right conditions that lead to successful trades, I honestly can not think of any place better for you to start. If you are a seasoned trader, but unhappy with your results, this is probably exactly what you have been searching for!

The system also consists of proprietary risk management rules and money management techniques for dealing with both losing trades (they happen sometimes) and of course the winning trades. Managing the positions is very important, an area where most beginners do not realize the importance and make costly mistakes.

I look forward to welcoming you on board!

Floyd

Floyd has created additional indicators and secondary filters which we use to enhance our selection, filter out potential bad trades and time our entry and exits for maximum returns with the least amount of risk.

Floyd will not except brokerage memberships or other CTA's or commodity pool operators please. Access to proprietary information is limited to individual traders only.

We reserve the right to refuse membership to anyone for any reason. All trading involves risk and past performance is not indicative of future results. Copyright Floyd Upperman & Associates 1997 - 2001. All rights reserved.