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With regards to Commodex, I have watched it off and on for many many year,
even as an older child I was aware of it as my father was a Commodex
subscriber. It does make money, but you must be oriented toward long term
trading. It is also true that there was an investigation into Commodex in
the early 60s, Futures ( or Commodities as it used to be known ) magazine
ran a story on this some years back. I don't know that it was the SEC or
the CEA, but there was definitely an investigation by some busy-body
government agency, all because of a too perfect win record. I would not be
discouraged, that they do not manage money, as trading requires not only a
sound system ( which I think Commodex is ), but also the proper disposition
( personality).
It also requires a willingness to put up with what in my opinion is endless
meddling by the CFTC and the NFA.
I would never manage money just because of these two organizations. My
father did make money using Commodex, but like many traders is search of the
holy grail, spent too much time jumping from method to method to reap the
benefits. I say this because anytime you mention that a system is good,
someone always retorts with "why didn't they trade it and retire a wealthy
individual." Again trading requires much more than a good system ( of which
there are many ), it requires the proper personality. In short, if you are
oriented toward long term trend trading, Commodex is great in my opinion.
If you are not long term oriented, you will not make money with it, as you
will grow impatient and begin to not strictly adhere to the recommendations.
Bill Shumake
-----Original Message-----
From: Chris Jackson <chrisj@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, September 19, 1998 2:44 AM
Subject: GEN - Commodex claim to be "most consistently profitable daily
futures trading system"
>I would appreciate feedback from anyone who has experience with this
>approach.
>
>Especially from long term users or brokers who use this service. They
>seem to have a long and interesting history.
>
>Further comments follow after this quote.
>
>"COMMODEX is the oldest, most diversified, most consistently profitable
>daily futures trading system in the world".
>
>"THE SECRET TO COMMODEX SUCCESS
>
> Back in the 1950s, Edward B. Gotthelf realized commodities
>operated like huge auctions. If you could observe the
> number of people bidding, you could tell when prices were too
>low or reaching tops. You know it's true. When
> prices are low, everyone bids... all hands go up. When prices
>begin to top, fewer and fewer hands are seen.
> Edward B. Gotthelf designed an ingenious set of formulas that
>use volume and open interest changes to actually
> "count" market participation... in each contract... every day.
>His remarkable correlations reduce market action into
> precise index numbers called the DAILY and the TREND.
>
> He named his system "COMMODEX" which stands for COMMOdity
>inDEX. From 1959 through 1963
> COMMODEX was so accurate and so successful, Edward B. Gotthelf
>earned the reputation as "the man who
> couldn't lose!" In fact, COMMODEX was labeled "inside
>information" by the S.E.C. and C.E.A. in 1963 and
> Edward B. Gotthelf was asked not to trade for his own account!
>COMMODEX sees and counts every single
> commodity transaction. Therefore, COMMODEX knows who is doing
>what... how much... in which markets... and
> when. Insiders, floor brokers, commercial traders, and large
>speculators cannot hide from Edward B. Gotthelf's
> unique formulas".
>
>
>"In fact, COMMODEX was labeled "inside information" by the S.E.C. and
>C.E.A. in 1963 and
> Edward B. Gotthelf was asked not to trade for his own
>account!"
>
>******
>
>Do any of the older hands in the group know if this is all hype or based
>on fact?
>
>Seems extraordinary if it is true and it would have to be one of the
>industries best kept secrets.
>
>Of course like many things it may not perform as well now as it did back
>in 1963.
>
>
>http://www.commodex.com/
>
>See subset portfolios for some performance history.
>
>Group or private feedback would be much appreciated.
>
>Thanks.
>
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