K.B. Advisory Ltd. is an independent Foreign Exchange forecasting and trading company providing subscribers worldwide with daily technical forecasts and trading recommendations on the major international currencies covering the short to medium/long term time frames. KBA's subscribers include banks, corporate treasurers and fund managers, as well as active traders.

Advisory Services

K.B. Advisory Ltd. offers daily technical analysis and trading recommendations on the major currencies.

• USD/JPY
• USD/CHF
• EUR/USD
• GBP/USD
• AUD/USD
• EUR/JPY
• EUR/GBP
• EUR/CHF

Trading Systems/Approach

M.I.T.S.: Technical. Not confined to trending or non-trending markets. Uses a statistical approach, based on mathematical formulas and probability factors resulting in forecasts for the next 3 - 18 hours. New recommendation every day for each time zone. Ideal for Intraday traders.

SYSTEM: Strategic approach. Technical and trend following. For the medium/long term outlook. We use a combination of pivotal and trend profiles, which are combined with a series of mathematical and cyclical indicators in order to take advantage of medium - long term trends. Recommendation made only when certain criteria fulfilled. Ideal for proprietary traders and fund managers.

Output

Readers receive 3 reports per day on all the above currency pairs (1 report/day for AUD/USD), which contain a summary of the current short term market situation as well as the medium- long-term trend indicators. Additionally, we list the M.I.T.S. recommendations with precise entry and exit levels plus a SYSTEM trade when appropriate. The reports are suitable for any FX trader, but favor daily/weekly position takers.

Updates daily at
• 24.00 GMT -- Asian update
• 05.30 GMT -- European update
• 12.15 GMT -- American update

Special reports

The first week of every month, special medium- long term outlooks on the 4 major markets will be produced. Fundamental reports are provided as an additional service free of charge for our subscribers.

History

Keith Black, the founder and Managing Director of K.B. Advisory Ltd., has built up a significant reputation in the world of FX technical analysis over the last decade and is considered by some to be one of the world leaders in this field. The success of his technical forecasts on the major FX currencies, which Keith previously provided worldwide through Reuters and Telerate screens, (while holding the position as chief analyst and proprietary trader for the Bank of New Zealand), led to the formation of K.B. Advisory Ltd. This company (founded in 1998) has already experienced a steady growth in subscriptions and currently offers services to banks, fund managers, daytraders, investors, brokers and export companies in more than 25 countries worldwide.

Unique analysis and trading system

The combination of Keith's unique experience in technical analysis and knowledge on how to successfully run strategic trading positions, combined with the latest state of the art technology and computerized technical models, gives subscribers an opportunity to take advantage of various profitable moves in the FX markets.

Keith currently uses a combination of Elliott Wave Principle, classical charting techniques, mathematics, a selection of trend following and oscillating technical indicators and time cycles, as well as a revolutionary probability model to formulate his daily market outlooks. The general trading model which Keith Black has developed over the last several years, and on which we base the strategic SYSTEM TRADE recommendations, has proven to be very reliable in recognizing sustained market trends at an early stage. The model's success has, and is still, impressing clients who follow the various entry and exit signals recommended in the daily reports. Furthermore, Keith has, in combination with Mark Hollenstein, developed the new M.I.T.S. (Mathematical Intraday Trading System), which is designed as an intraday model, and which is based on a revolutionary new concept of price analysis and which is expected to trade well in trending as well as in non-trending markets. Furthermore, K.B. Advisory Ltd. continually reviews and tests different technical indicators to ensure that the trading systems contained in the models are in line with new cutting edge technical analysis developments. This approach avoids being caught with a trading model that used to work well two or three years ago, but is not really coping with the changing market of today.

Advantages of K.B. Advisory Ltd.

• Proven 3 year track record of performance
• All daily reports and forecasts updated personally by Keith Black
• A truly strategical trading approach for different time frames. No "24 hour" monitoring of Websites for latest "random" updates required
• Timing of updates ensures reports are accurate and on the traders desk at the start of each trading zone
• Forecasts based on state of the art trading model and mathematical programs
• Reports cover a full 24 hour cycle of all trading zones. Reports are updated for the Asian, European, and American openings.
• Additional medium - long term outlook provided monthly and fundamental market reports on a daily basis.

Management

Keith Black - Managing Director

Born in 1957 in New Zealand, Keith has been in the financial services industry for over 24 years, specializing in bank treasury operations since 1987. In 1993 Keith became chief technical analyst and proprietary trader for the Bank of New Zealand, a position he held until his departure June 30th 1998. Over the last 10 years Keith has developed a domestic and international reputation for his work in technical analysis and the development of trading systems for the FX market. During 1998, Keith reached a stage where he felt self employment in this field was imperative to enable the further development of his forecasting and system trading techniques. Based on the overwhelming success of his forecasts, Keith decided to form K.B. Advisory Ltd. in 1998 and has been managing the company ever since. Up to this day, Keith personally writes every single forecast and report, providing the required consistency which clients can expect from their forecaster. Keith actively developes and fine tunes new trading systems in order to stay at the cutting edge of technical analysis.

Mark Hollenstein - Marketing Manager/Chief Trader

Born in 1969 in Switzerland, Mark joined the Swiss Bank Corporation FX Treasury in 1987 and has advanced through the prestigeous training programs the swiss banks are well known for. From there, Mark went on to trading a variety of FX products interbank. Overall, Mark has gained 10 years of experience in the FX interbank market and has been a senior spot and options trader for major FX players such as the former Swiss Bank Corporation in Zurich and NY, as well as The Industrial Bank of Japan. In late 1998, Mark moved to New Zealand to join up with Keith in order to further develop and market the services of K.B. Advisory Ltd. worldwide.

More recently, Mark has been also responsible for the establishment of TRADETECH LTD., a currency management company of which Mark and Keith are both directors, and which runs trading accounts and trading lines for its clients. Mark is also involved in the testing and development of new trading systems and has very recently developed together with Keith the M.I.T.S.

Performance of K.B. Advisory Ltd.

K.B. Advisory Ltd. has provided daily trading recommendations on its reports since inception in 1998. The performance of these recommendations has been recorded and accumulated on a monthly basis for each year. We, unlike some forecasting companies, are willing to show the potential points gained or lost by following our system based trades.

Therefore, when deciding to subscribe to a forecasting service, we recommend you consider the following points:

• Does the forecasting company produce any trading recommendations at all, and if so, are they regular?
• Are they backed up by a P&L?
• Can the forecasting company produce a track record of performance for more than 2 years?
• Is the recorded performance solely relating to daily trade recommendations or has the forecaster added weekly/monthly or intra-day results to the accumulated total and are the results always stated in points or dollar value (if so, what amount is being traded each time)?
• How accurate are their entry and exit levels, what FX data providers are they using to substantiate their trading results?
• How easy is the system to follow, are you supposed to check some Internet site 24 hours a day for random updates?

Since we have implemented a new trading system as per 1 September 2001, called M.I.T.S,, we will list the performance of this system aswell as the"New System Trade" on a monthly basis, which will allow a better evaluation than the YTD data previously provided. Detailed daily performance of the M.I.T.S. and how both new systems should be traded are provided to all clients and all trialists at the start of a free trial.