Guy Cohen - Illuminati Trading System

This is a discussion on Guy Cohen - Illuminati Trading System within the First Steps forums, part of the Reception category; Hi All, Has anyone spot and suspect that "pjchalmers" could be Guy himself or his representative OR Am I just ...

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Old Feb 27, 2009, 12:42am   #71
Joined Nov 2006
Hi All, Has anyone spot and suspect that "pjchalmers" could be Guy himself or his representative OR Am I just paranoid? Plz dont asnwer this one "pjchalmers". Thanks and a bit of lol too.
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Old Feb 27, 2009, 2:42am   #72
Joined Jan 2007
Quote:
Originally Posted by andys280176 View Post
What I can't get is that Cohen says trading volatile markets is what this system does best at but his blogs stated (around about sep-oct 08) stated that the market was in a bad way and people would need to sit tight. Is this not exactly the ideal opportunities to use this or is it that he mean't 'bad way' as in they had just bottomed out?

He didn't say bad way specifically but it was words to that effect.

I also think you need to trade a bit more than he says (20 mins a day). Maybe you can once you have really mastered it but how do you recognise opportunities throughout the day - as we all know the market continually changes - and do all this in 20 mins.

Mind you he did state that sometimes you only have 3 or 4 top notch earning opportunities per week so maybe that is what he means. The crux of the system seemed to be that the system selects only the best of the best looking trades so you might only have a few per week or none at all.

Andrew
Hi Andrew,
Illuminati Trader System
Please note I am not an options trader in anyway. I also currently have none of Guy’s Trading system (I’ve just read a number of books on the subject). My understanding from Guy is that now is not a good time for Illuminati Traders – as the market is very high volatile. Illuminati traders, trade options in the main and option prices are directly related to volatility. So I would say, because of market volatility options are currently over priced. So, it would be difficult to find a set up where a low risk profit can be made from them.

For instance, a key option strategy for any Illuminati Trader is to buy a non-volatile stock option (low priced) before a news event hits. Once the news hits, sell the now volatile option (high price) for a profit. Basically the aim is sell volatility to the market. This is impossible to do when the whole market is as volatile as a hive of drop kicked bees. So, I would assume that options are just over priced for, a low risk, Illuminati Trader strategies at the moment. This will eventually change when market back down.

Flag Trader System
There is a Flag Trading section in Guy’s original Illuminati Trader system(s). Which is where the standalone FT system evolved from. In Guy’s FT system spread betting is used instead of options. Market volatile appears to have a much lower impact on the cost of placing a spread bet. So FT is very much in play at the moment.
That’s my understanding fwiw.


FT's 20min a Day Claim
Guy’s FT system uses EOD data to generate a list of possible trades (bets). Lets say, in the evening you manually filter and evaluate the list (according to Guy in around 20mins - once you know what you’re doing). You then place your chosen bet(s) then sit back till next evening (alternatively if you wish you can or watch/interfere during the trading day – its up to you).

Your bet is either:
1, Not triggered. You loose no money – either close or roll over the bet.
2, Triggered then reverses and hits your stop. You loose your stop loss and any slippage.
3, Triggered then reverses and closes at or below breakeven but above your stop. You have a decision to make – either close for a small loss or rollover the bet.
4, The bet is triggered and closes positive for you. Your trade is winning and you have a decision to make – either close for a profit or rollover the bet.

So, very easy for a simple, single bet per-stock approach.

However, just placing bets in the Evening while perfectly possible would mean probably missing out on a number of trading opportunities:

Stock regularly gap up and down at the open. If this were to happen to one of your bets and it gapped beyond your trigger point it simply wouldn’t be triggered. Your bet wouldn’t be placed – no loss but no opportunity to make money either. To avoid this you may well want to watch the open to place such “Gapped” bets manually. I think this situation is explained in much better detail in one of Guy’s free videos on his web site.

Also manually adjusting trailing stops and early closing of more complicated multi-bet strategies would also probably require some level manual intervention during day. Again I think this is shown in one of Guy’s free vids.

I would say the bottom line is that the system can quite conceivable be managed just as Guy indicates. However, if it were my money on the line I think I would be spending rather more time watching. It is quite possible though that that time would be very unproductive and possibly even counter productive.

I hope the above helps

Please note none of the above is intended as a recommendation or approval for any of Guy’s (or anyone else’s) trading systems or other products.

Rich – I wish
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Old Mar 1, 2009, 2:51am   #73
 
8 Posts
Joined Dec 2007
Guy Support

Quote:
Originally Posted by UK-JAC View Post
Hi i was googling to find out a blog to explore more about this product. I bought this one, currenty doing the course, however could you please tell me, which chart you use to make consolidation, i am using IG index, can i use their chart, if so how do you set up this.

To me its looks like a nightmare, buying additional chart software etcc.. also i sent many mails to guy support@flag-tradre.com, no reply at all. very poor support.

I still have 30 days trial period, i am really thinking of any use of this product.
I would appreciate if you could explain little more since you have already bought and experianced.
Many Thanks
Nordi
Hello everybody, i have been researching Guy
and as others seem to be saying, he seems
to be very genuine.

Nordi, just a thought...if you spelt the Flag
Trader address on the email as you have
here, it will be the reason you got no
answer. Check it out mate and let us know
as this is a very important point.

Thanks to all for your comments they are
very helpful to me and others.

Paul.
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Old Mar 1, 2009, 3:08am   #74
 
8 Posts
Joined Dec 2007
Quote:
Originally Posted by realpawl View Post
Hello everybody, i have been researching Guy
and as others seem to be saying, he seems
to be very genuine.

Nordi, just a thought...if you spelt the Flag
Trader address on the email as you have
here, it will be the reason you got no
answer. Check it out mate and let us know
as this is a very important point.

Thanks to all for your comments they are
very helpful to me and others.

Paul.
Me again,

Regarding Nordi's post, sorry, i am not
experienced and i stupidly saw the mistake and
wrote too quickly. I started at the begining of
this, and commented on an old post when i got
to it, without thinking what might be mentioned
further along. Obviously i have now gone back
and continued reading, and immediately i can
see its already been mentioned.

Paul.
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Old Mar 3, 2009, 4:31am   #75
 
1 Posts
Joined Mar 2009
mmm.........
syarifah is offline   Reply With Quote
Old Mar 3, 2009, 11:04pm   #76
Joined Nov 2008
Hi All

Let me try and encapsulate all the questions with a detailed answer. I have now been using flag trader for a number of months after going to Guy's seminar end of last year. I can say without any doubt that this is about as simple a trading method as you can get. Does it work well the answer to this is a definate yes. Do you need any trading knowledge the answer is NO. Can you fit this around work then YES you can. It is so flexible yet has an ability to seek out trades and pin them often with significant gains. You dont need a large bank to start and I have had many winning trades since day one and very few loosing trades its that good. To answer another question no you dont find a trade and immediately have to act. This is easily something you can fit around any job and there is time to place your trade to be successful. Sometimes a trade takes a few days from first spotting to activate, but when it goes boy does it go. I would recommend flag trader to anyone who wants to do well at trading. This can easily with little practice take over from your day job with the financial rewards to whoever wants to do it. As for Guy and support I have found both second to none. Guy is a down to earth person who really wants you to achieve and he will give support through his team to ensure you get this. I have tried many business opportunities over the years and Flag Trader is the best.
I realise this is high recommendation but its well deserved and I am proof to what flag trader claims to be able to achieve.
Just saw a note wondering whether I was Guy thanks for the compliment but no im not Guy lives in London and I live in Wales. If anyone wants to speak with me privately then send me a private message and I will give you my phone number and call you to give you more info. This way any thoughts of me being Guy will be instantly quoshed.
Regards
Paul

Last edited by pjchalmers; Mar 3, 2009 at 11:05pm. Reason: added phone call
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Old Mar 3, 2009, 11:10pm   #77
Joined Nov 2008
To Stevensri

I have not posted for a while as I have had a serious operation in the Princess of Wales hospital in Bridgend so have been out of action on the forum for a while. Hope this answers your question re posting.
Regards
Paul
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