Looking for a review of the X Ray Trading System?
I recently discovered the X Ray Trading System website from Chuck Hughes which makes bold claims.
I’ve taken a closer look to understand what it actually offers and how it works.
Keep reading below as I’ve put together a full review showing the pros and cons and what is actually on offer here.
Before I start…
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X Ray Trading System Review
Here is what I’ll be sharing in this review:
Table of Contents
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What Is X Ray Trading System?
The X-Ray Trading System is a presentation of a trading program by the same name and Chuck Hughes’ new newsletter, the PowerTrend Options Alert service.
I’ve reviewed other trading systems lately like the Weekly Paycheck Indicator and The V3 Effect.
Chuck’s investment strategy is based on the timing of the markets. In this case, the predictive tool he uses is the X-Ray Trading system.
He named it the X Ray system because it looks past the superficial information on a stock chart to gauge how a stock is going to move.
He has used it to win 10 world trading championships and make more than $3.7 in profits. It has a 91.2% success rate.
Chuck believes that any person who has never traded or had a bad experience trading is one successful trade away from getting hooked to it. His “One Trade Away” challenge embodies that belief.
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How Does The X Ray Trading System Work?
The X-Ray system uses a modified stock chart that contains special indicators to find the right stocks to buy and determine the right time to buy them.
The process of picking a trade goes through a series of steps:
Step 1: Identifying the right stock
Chuck introduces a 10-month moving average (a red line) for a fluid read of the long-term trend.
When the long-term trend crosses the short-term trend, it signals that the stock is a recommendation material.
In other words, when the red line crosses the purple line, Chuck moves to step two.
Step 2: Knowing when to enter the trade
So much more goes on behind the scenes with the X-Ray system. For example, there are two more indicators.
The second signal is called Multiple time frame analysis. This signal acts as a filter that shows the best time for you to enter the trade.
Keltner channels are the second part of the X-Ray system. They can tell when the stock they are tracing has been overbought or oversold. Ideally, you want to buy a stock that is trending upwards and oversold.
Step 3: Finding the right options to buy.
Instead of buying stocks, Chuck buys options because they are cheaper and they amplify returns.
Chuck’s system looks for an option whose time value is 1% or less the price of the underlying stock.
When the markets are down
When the purple line is below the red line, it means that you should bet against the stock using put options.
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Who Is Chuck Hughes?
Chuck Hughes is an expert options trader.
Before Chuck got into trading, he was an airline pilot.
During his first two years, he made over $460,000 in profits.
He has been in the finance industry for more than 30 years now.
During that time, he has made millions of dollars with his simple options trading strategy.
He is also a 10-time trading champion – a record in the Trading Champions competition’s history.
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How To Access The X Ray Trading System?
To access the trading system, you must subscribe to Chuck Hughes’ PowerTrend Options.
Here are the benefits of signing up to the service:
- PowerTrend Options Alerts: When the X-Ray system spots a trading opportunity with the right timing, Chuck sends you an email with instructions on what you need to do to buy it. He also reveals the ticker symbol and the maximum entry price.
- Members-only text message alerts: When a new alert is sent to your inbox, you will receive a text telling you to check your email.
- PowerTrend Academy videos: You also receive 20 videos that show you how to trade options. These will come in handy if you have never traded them.
- Chuck’s Options Blueprint: The blueprint shows you how Chuck’s option selection strategy works. Along with the academy videos, it sets you up to start trading on your own.
- Tickets to the PowerTrend Trading Summit (2020): You will receive two tickets to the event where you will meet Chuck in person. You can ask him questions and network with other traders.
- Access to the Chuck Hughes Thunderbirds Trading Contest starting on January 2nd. There will be prizes for those who do well during the competition.
- Priority Personal Concierge Service: You can call the customer care reps any time between 9-5 ET, Monday to Friday.
- Bonuses: You will receive free Daily e-letters like Chuck’s Chart of the Day, The 5 Minute Forecast, and One Last Thing.
When it is time to sell, you will be sent an email with the subject line “flash sell.”
Subscription Fee
You will pay $995 if you are among the first 320 people to join, the rest pay $2,920 for a one-year subscription. For a three-month trial, you will only pay $295.
Performance Guarantee
If the PowerTrend Options Alerts do not deliver a 620% return, you are entitled to an extra year of the service free of charge.
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Is X Ray Trading System A Scam?
The X Ray Trading system is not a scam.
Meb Faber, a financial researcher who’s written a book called the Ivy Portfolio, tested the timing strategy that Chuck uses with the X-Ray Trading System over 108 trading days.
He concluded that it was more effective than the more popular buy-and-hold strategy.
In addition to that, Chuck’s tax returns show that with one account, he made more than $1 million.
Pros of X Ray Trading System
- Chuck’s system is clear and uncomplicated. Even beginners who have never traded can use it.
- Although riskier, options trading gives you more bang for your buck than stocks. Besides, Chuck has found a way to use options with relatively lower risk.
- Options tend to be cheaper than the underlying stock. Chuck shows an example with Facebook where a single share costs $200 but the options derived from it cost as little as $1.
- It is an evergreen strategy that finds investment opportunities in all market conditions.
Cons of X Ray Trading System
- Options are more complicated than stock.
- Only the first 320 people to join the service will receive a discount on their subscription fee.
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Verdict For X Ray Trading System
For the PowerTrend Options Alert service, Chuck relies on market timing to determine when to enter or exit a trade.
He then uses options to amplify his gains and bet against stocks that are on a downtrend.
If you share the same ideals or intend to try something different from the usual buy-and-hold strategy, I think his newsletter will give you a good introduction to both.
Before you leave
If you’re tired of scams and want a real solution for making money online check out my recommendation below.
It’s helped me earn over $300k in the last 12 months alone:
Go here to see my no.1 recommendation for making money online
(This is a 100% free training)
Mark Charles is the founder of NoBSIMReviews and has been making a 6-figure income online for over 10 years.
After reviewing 1000’s of programs, he knows what works and what doesn’t: