Coghlan Capital OmniTrades Review

A service by Coghlan Capital in cooperation with Signalinea and its founder and primary trader James Farro.

  • Editor Rating

  • Rated 5 stars
  • Spectacular
Coghlan Capital OmniTrades
  • 4.67/5 Avg. User Rating

  • Rated 4.67 stars
  • 6 Reviews

  • Updated
    Editor: 98%
    User: 85%
  • Videos
    Editor: 98%
    User: 80%
  • Charts
    Editor: 98%
    User: 88%
  • Content Quality
    Editor: 98%
    User: 97%
  • Reliability
    Editor: 98%
    User: 91%

Review Summary:

All in all a service that has started proving itself from the first day it went live. Great service, great trader, great company.

A new service from Coghlan Capital. Coghlan Capital are the analysts with some of the best services we reviewed since we have been online. This recent addition has begun to give the same quality we have come to expect from Coghlan Capital.

omnitrades website screenshot

The Service

The service offers analysis of various markets and products. They are; commodities, currencies, options, stock indices and more. And the analysis done seems to be a mix of the analysis services at Coghlan Capital and fundamental research. This ensures a solid technical analysis base to manage risk with the added edge of fundamentals to anticipate moves. And it keeps the focus on risk management we are used from this company and it’s other services.

It looks like trades posted are longer in nature. From one day to several weeks. And the charts he uses to trade are also longer term.

I can also tell you the trader actually trades his own money. He posted several screenshots from his broker terminal that indicated positions and P/L of his trades, showing significant numbers. This alone makes him very interesting, because not many services or analysts trade their own money. A very valuable point of this service in my eyes, because that is very rare.

The Performance

omnitrades open and closed trades

Looking at the performance already achieved with all the listed trades, we can say that this service is off to a good start. This service is currently up 9.23% on the open trades and 54.07% up on the closed trades.

And with trades like these, I bet you want to take a closer look:

The Analyst

James Farro OmniTrades

James Farro

The service is run by James Farro. James is an independent trader and has been trading his own money since 1995. He used twitter and his blog, called Signalinea, to engage with other traders for a while now. And their is a flurry of trading charts posted to his blog and twitter. With some geo political analysis thrown in as well. He created some videos too. These are about serious trading topics, but with some great humor thrown in.

Another indication that there is some humor on his site, is in the three characters listed on the contributors page of his blog. But I will leave that up to you to find out if you are interested.

Aside from the humorous note of this site. All the analysis and information he posts looks very solid. He has a thorough understanding of various markets. And he is up to date on Geo-political issues. And all this combined is probably the reason why Coghlan Capital convinced him to team up with them.

This looks like a great service. And we have updated this review to reflect what we saw the last weeks.

All in all a service that has started proving itself from the first day it went live. Great service, great trader, great company.

 

Pros

  • Covers many markets, so many trading options
  • All time trades tracking
  • Service from a known high quality analysis company

User Reviews

  1. Exici

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    • Rated 5 stars

    Great new service from Coghlan Capital. Very happy so far. Will give an update after being a member for some more time…

  2. Ronzaldiago

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    • Rated 5 stars

    It’s amazing that James Farro is agreeing to show his trades publicly. This guy is notoriously private. He had a trade back in 2008 where he made something like $30m in a day on oil. lives in monaco… Ill try the service and report back here.

  3. Paul Murray

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    • Rated 4 stars

    I have followed the site quite extensively. James seems like a talented trader, but I wonder if any subscribers can clarify the following:

    1. Why is James so ‘private’ about his background. There is NO information on his site or anywhere else about his background, his experience in trading or whether he ever worked for an institution or not.
    2. The overall returns are very impressive, but the site would benefit from showing the volatility required/experienced. 60% drawdowns (albeit from peak) are not something that many investors would consider acceptable, but it would be worth James Farro/Coghlan Capital making that clear as well as the headline return so that investors know what they are getting in to.
    3. Risking 10% per trade using mostly naked options positions (which it seems he uses most of the time) is a sure fire way to blow up eventually. In fact it is a statistical inevitability. It just needs a string of successive losses and account is gone.

    I would welcome other subscribers or James or Paul to comment as I genuinely like the service but find the lack of transparency (apart from trade results) to be a slight negative against the service.

    @Ronzaldiago or @Exici can you comment?

    Paul

  4. Chris Andrews

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    • Rated 5 stars

    Paul,

    I’ve been on his service for about 3 months and honestly i’ve learned more in that time then my previous 17 years trading.
    When you said that it’s a statistical inevitability that his techniques blow up the account, i think that’s just incorrect.
    He uses 10% of his account on each trade, BUT he uses no leverage on his futures and FX positions and he goes for only very large moves on these non-leveraged positions. This element sounds quite boring for traders that want excitement but it’s the insurance that the method provides to allow the options trades that pull in the majority of his returns. Slow, gradual income from non-leveraged positions and higher risk, higher reward options positions.
    I originally found him through a blog he puts out with random trades, analysis and geo-political tirades. This site had been up quite a while before he went
    to CoghlanCapital. This post from yesterday where he took about +10% out of crude oil illustrates what i’m saying about the non leveraged positions http://signalinea.com/crude-oil-follow-up-closing-position/ .

    Your privacy question, i can tell you what i know.
    Ive spoken to him via email a few times via email and he’s been very forthcoming and open on a few topics aside from trading. From this and what ive gathered from others is that he trades his own money since the 1990’s with no institutional background at all (i may be in the minority believing this is a good thing). He posted a tweet sometime last year saying he had decided to turn down an offer from a large institution even though it was the best one he’d gotten in years.

    He hooked up with Paul Coghlan through Paul’s median line analysis method. Later Farro started posting his trades on the Coghlan site. That’s what i know.

  5. kookikat

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    • Rated 5 stars

    Great service.

  6. Paul Murray

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    • Rated 4 stars

    Hi Chris and kookikat!

    Thanks for your posts. I am confused Chris by your comment though. You say he uses 10% on EACH trade, which is consistent with what he said on the site. However you also say he doesn’t use leverage on a lot of his trades. I am sure the former is true, but if he uses 10% on the options trades and loses 100% or close to on some of them, which he has on occasion (not having a dig at this btw, but that is what you expect with options on occasion), then he is down 10% on total AUM each time one of those trades goes awry.

    The fact is that the return profile is NOT smooth. I am not saying it is not ‘good’ or impressive, but the volatility is caused by options, and the account did have a 60%+ drawdown peak to most recent ‘trough’. This is definitely not a low beta performance!

    If you can clarify or confirm I would be grateful.

    I notice James is also covering the metals trades service now that Andrew has for some reason left…what’s the story behind that one?

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