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; Originally Posted by Depth Trade Last I heard is he had just opened a Hotdog stand along with his trading ...

Reply
 
LinkBack Thread Tools Search this Thread
Old May 5, 2009, 8:05pm   #97
 
Depth Trade's Avatar
Joined Sep 2005
Quote:
Originally Posted by Depth Trade View Post
Last I heard is he had just opened a Hotdog stand along with his trading `system`.
Illuminati (plural of Latin illuminatus, "enlightened") is a name that refers to several groups, both historical and modern, and both real and fictitious


Or you can contact him Via Radio Taxi, I think cab #23 is the one he drives.
__________________
"So what else is on your mind, besides 100-proof women, 90-proof whiskey, and 14-carat gold?"
-Lee Marvin/The Professionals
Depth Trade is offline Newsletter / tip sheet / trading advice vendor   Reply With Quote
Old May 12, 2009, 1:49pm   #98
 
5 Posts
Joined Apr 2006
Greetings one and all!!

This is a bookmark.

I've recently been made redundant - been looking to get into trading for ages and this seems a good opportunity to make a start (especially if I am about to get 2 months paid garden leave)

Thinking of going with Flag Trader but waiting for a spot of divine inspiration....someone convince me to take the plunge!!

swisdom is offline   Reply With Quote
Old May 12, 2009, 2:22pm   #99
Joined Apr 2009
Quote:
Originally Posted by swisdom View Post
Greetings one and all!!

This is a bookmark.

I've recently been made redundant - been looking to get into trading for ages and this seems a good opportunity to make a start (especially if I am about to get 2 months paid garden leave)

Thinking of going with Flag Trader but waiting for a spot of divine inspiration....someone convince me to take the plunge!!

Check your private messages.

HaloTrader is offline   Reply With Quote
Old May 13, 2009, 9:27pm   #100
Joined Oct 2008
Update

Hi again everyone

I’m still experimenting with the FlagTader system. Just virtual trades in the main, with the exception of one small ‘real’ trade that I placed with IG Index on 7th May.

Why am I still just mainly paper trading? .. you might well ask. Answer:

1. Because of the recent Earnings Season, from which we’re just emerging. This period, apparently, is not a good time for FlagTrading; and
2. I’m still building-up my confidence with the system, as IMHO it might prove expensive to dive-in head first with real money, without first discovering under what circumstances (why, when and where) a trade could go TU.

Now then, during the two-week period from April-14 to April-29 I selected 19 potential trades which the FlagTrader system identified; a mixture of both bull flags and bear flags. The FT system selected the overwhelming 'good-looking' majority as bulls [i.e. 16 bulls – 4 bears], no doubt because of the recent up-trending stock market since early March. I deliberately included a handful of dubious stocks, just to see what happens to these alongside those that, at first view and according to the FT system, should more-than-likely breakout in the right direction and become profitable. The ‘iffy’ ones are, of course, more likely to enter into a drawdown situation and ultimately perhaps prove to be losers.

Results so far:

10 positions have closed GTC (good till cancelled) either by way of a pre-determined (1) limit order to close, or (2) stop loss.

I have 5 winners - with combined gains of 1303 points; and 5 losers - with a combined loss of 798 points. Resulting in an overall net profit on these filled orders of 505 pts.

2 trades were not triggered – and are now abandoned. I’ve walked away from these.

2 trades were absolutely ridiculous – and even I don’t understand why I selected them! [.. I must have had a ‘senior’ moment at the time, eh!?] - so I’ll discount these and say no more.

Five are still active. Three of these have yet to reach my pre-selected profit target – and have formed/ are forming ‘rounded tops’ *. The other two are just drifting along, more or less going nowhere – and unless they breakout in the right direction with the next 24-48 hours, I will also abandon these.

* Looking back at the three that have moved up, then drifted back down into a potentially losing position: With the benefit of what this paper exercise has taught me, I without question set my initial profit targets far too high. With the further benefit of wonderful hindsight, it’s clearly better to take a smaller first profit of say 150-250 pts, rather than setting the initial target at a whopping 664 points (yes, really, – that’s how naïvely optimistic I have been).

SUMMARY

So in summary, I’m still getting to grips with working the system properly.

Since May-01 I have selected another 16 stocks [15 bulls – 1 bear]. I have been far more diligent in my selection process with these this time. As mentioned, one of them is for real and is now in my ‘Orders to Open’ with IG Index. The order has yet to be filled BTW.

It will be interesting to see how I get on with this further selection, bearing in mind a potential imminent retracement from this now overbought [allegedly] recent two-month stock market rally.

CONCLUSION

So as I see it, my count suggests that there might be up to six of us newbie FTers posting on this thread, namely:

- Jchohan (June)
- Pjchalmers (Paul)
- Chris_P_D (Chris)
- Martinl (Martin)
- Andys280176 (Andrew)
--------------------
- Keith-H (myself)

Have I got this right? – If so, then it would be good to share experiences with you guys – and with this in mind, please do not hesitate to contact me if you think exchanging knowledge would be to our mutual benefit.

Cheers for now

KEITH

PS

... and thanks [for nothing!] Depth Trade. FYI I've just carried some cursory research into a few recent threads where you have contributed yet more inspired and incredibly mature advice to other members of this forum. Like: how to prepare properly for an interview? [i.e. interviewing technique] .. in which your wise words of wisdom in post #7 are:

Quote:
Originally Posted by Depth Trade View Post
I would always take about 5 bong hits and if they didn`t tell me what I wanted to hear, I would tell them to F uck off.

Either way, you win.
.. that's about all we need to know about you.
Keith-H is offline   Reply With Quote
Old May 15, 2009, 11:06am   #101
 
5 Posts
Joined Apr 2006
Quote:
Originally Posted by Keith-H View Post
Hi again everyone

I’m still experimenting with the FlagTader system. Just virtual trades in the main, with the exception of one small ‘real’ trade that I placed with IG Index on 7th May.

Why am I still just mainly paper trading? .. you might well ask. Answer:

1. Because of the recent Earnings Season, from which we’re just emerging. This period, apparently, is not a good time for FlagTrading; and
2. I’m still building-up my confidence with the system, as IMHO it might prove expensive to dive-in head first with real money, without first discovering under what circumstances (why, when and where) a trade could go TU.

Now then, during the two-week period from April-14 to April-29 I selected 19 potential trades which the FlagTrader system identified; a mixture of both bull flags and bear flags. The FT system selected the overwhelming 'good-looking' majority as bulls [i.e. 16 bulls – 4 bears], no doubt because of the recent up-trending stock market since early March. I deliberately included a handful of dubious stocks, just to see what happens to these alongside those that, at first view and according to the FT system, should more-than-likely breakout in the right direction and become profitable. The ‘iffy’ ones are, of course, more likely to enter into a drawdown situation and ultimately perhaps prove to be losers.

Results so far:

10 positions have closed GTC (good till cancelled) either by way of a pre-determined (1) limit order to close, or (2) stop loss.

I have 5 winners - with combined gains of 1303 points; and 5 losers - with a combined loss of 798 points. Resulting in an overall net profit on these filled orders of 505 pts.

2 trades were not triggered – and are now abandoned. I’ve walked away from these.

2 trades were absolutely ridiculous – and even I don’t understand why I selected them! [.. I must have had a ‘senior’ moment at the time, eh!?] - so I’ll discount these and say no more.

Five are still active. Three of these have yet to reach my pre-selected profit target – and have formed/ are forming ‘rounded tops’ *. The other two are just drifting along, more or less going nowhere – and unless they breakout in the right direction with the next 24-48 hours, I will also abandon these.

* Looking back at the three that have moved up, then drifted back down into a potentially losing position: With the benefit of what this paper exercise has taught me, I without question set my initial profit targets far too high. With the further benefit of wonderful hindsight, it’s clearly better to take a smaller first profit of say 150-250 pts, rather than setting the initial target at a whopping 664 points (yes, really, – that’s how naïvely optimistic I have been).

SUMMARY

So in summary, I’m still getting to grips with working the system properly.

Since May-01 I have selected another 16 stocks [15 bulls – 1 bear]. I have been far more diligent in my selection process with these this time. As mentioned, one of them is for real and is now in my ‘Orders to Open’ with IG Index. The order has yet to be filled BTW.

It will be interesting to see how I get on with this further selection, bearing in mind a potential imminent retracement from this now overbought [allegedly] recent two-month stock market rally.

CONCLUSION

So as I see it, my count suggests that there might be up to six of us newbie FTers posting on this thread, namely:

- Jchohan (June)
- Pjchalmers (Paul)
- Chris_P_D (Chris)
- Martinl (Martin)
- Andys280176 (Andrew)
--------------------
- Keith-H (myself)

Have I got this right? – If so, then it would be good to share experiences with you guys – and with this in mind, please do not hesitate to contact me if you think exchanging knowledge would be to our mutual benefit.

Cheers for now

KEITH

PS

... and thanks [for nothing!] Depth Trade. FYI I've just carried some cursory research into a few recent threads where you have contributed yet more inspired and incredibly mature advice to other members of this forum. Like: how to prepare properly for an interview? [i.e. interviewing technique] .. in which your wise words of wisdom in post #7 are:



.. that's about all we need to know about you.
I'll be following you guys and your responses as I hope to be joining you soon. The more I read about it the more it appeals to me.

What sort of time are you guys putting in to this on a daily basis? The reason I ask is I have a couple of months of garden leave coming up and this is when I plan to do several hours per day swotting - but once I restart work again in August / September I will be restricted to a few hours in the evening - will this be sufficient for me?
swisdom is offline   Reply With Quote
Old May 27, 2009, 10:01pm   #102
Joined Sep 2006
Hi

Just thought I would give an update on what I have been doing. As Keith said the market is just coming out of earning so no real action yet for this newbie. What I have been thinking is pretty much in line with what Guy has put on his blogs. Market is only worth watching just now. There are more bears than bulls but not seen that many good looking patterns yet.

I have been learning and observing more than anything and have been doing some practice trades over the last month on paper with quite good results. BTW if anyone in the UK is thinking of opening a trading account I would advise going with IGIndex and spread betting because optionsExpress is just too much of a pain to set up + you need a minimum $2000 to do any sell short trades with OX.

IGIndex can be funded with practically nothing and you can bet at a minimun 10p a point with guaranteed stop loss and no tax to pay on any earnings.

So here's is some of my trades I have registered over the last Month or so:

End of March 09 flags:

This one didn't break out so no win but no losses either:

ALLERGAN INC Share Price Chart | AGN - Yahoo! Finance

Not the best of flags and would probably have exited it anyway as it wasn't doing much

COOPER COS INC Share Price Chart | COO - Yahoo! Finance

Start of April. No breakout so no profit but no loss either:

PICO Holdings Inc. Share Price Chart | PICO - Yahoo! Finance

Not the best of trades this one:

CONAGRA FOOD INC Share Price Chart | CAG - Yahoo! Finance

This was a good one. From the start of April look where it went:

MCGRAW HILL COS THE Share Price Chart | MHP - Yahoo! Finance

Another bull:

PHILLIPS VAN HEUSEN Share Price Chart | PVH - Yahoo! Finance

Another bull:

ASHLAND INC (NEW) Share Price Chart | ASH - Yahoo! Finance

So there was many like this over the last month or so. The thing i've learned really is taking profits early is most wise.

Andrew
andys280176 is offline   Reply With Quote
Old May 27, 2009, 10:13pm   #103
 
9 Posts
Joined Mar 2009
Thanks mate

Quote:
Originally Posted by andys280176 View Post
Hi

Just thought I would give an update on what I have been doing. As Keith said the market is just coming out of earning so no real action yet for this newbie. What I have been thinking is pretty much in line with what Guy has put on his blogs. Market is only worth watching just now. There are more bears than bulls but not seen that many good looking patterns yet.

I have been learning and observing more than anything and have been doing some practice trades over the last month on paper with quite good results. BTW if anyone in the UK is thinking of opening a trading account I would advise going with IGIndex and spread betting because optionsExpress is just too much of a pain to set up + you need a minimum $2000 to do any sell short trades with OX.

IGIndex can be funded with practically nothing and you can bet at a minimun 10p a point with guaranteed stop loss and no tax to pay on any earnings.

So here's is some of my trades I have registered over the last Month or so:

End of March 09 flags:

This one didn't break out so no win but no losses either:

ALLERGAN INC Share Price Chart | AGN - Yahoo! Finance

Not the best of flags and would probably have exited it anyway as it wasn't doing much

COOPER COS INC Share Price Chart | COO - Yahoo! Finance

Start of April. No breakout so no profit but no loss either:

PICO Holdings Inc. Share Price Chart | PICO - Yahoo! Finance

Not the best of trades this one:

CONAGRA FOOD INC Share Price Chart | CAG - Yahoo! Finance

This was a good one. From the start of April look where it went:

MCGRAW HILL COS THE Share Price Chart | MHP - Yahoo! Finance

Another bull:

PHILLIPS VAN HEUSEN Share Price Chart | PVH - Yahoo! Finance

Another bull:

ASHLAND INC (NEW) Share Price Chart | ASH - Yahoo! Finance

So there was many like this over the last month or so. The thing i've learned really is taking profits early is most wise.

Andrew
Cheers for that Andrew. How early do you take your profits mate? Do you follow Guys methodology in terms of target 1 and then target 2? Or do you just take out profits on target 1 and forget about target 2.
italo79 is offline   Reply With Quote
Old May 28, 2009, 11:39am   #104
Joined Nov 2008
Quote:
Originally Posted by swisdom View Post
Greetings one and all!!

This is a bookmark.

I've recently been made redundant - been looking to get into trading for ages and this seems a good opportunity to make a start (especially if I am about to get 2 months paid garden leave)

Thinking of going with Flag Trader but waiting for a spot of divine inspiration....someone convince me to take the plunge!!


Don't do it! Keep your money and save it!
disi is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Illuminati Trader intercreate Trading Systems 8 Sep 28, 2011 1:35pm
The Illuminati Trader System by Gary Coehn himessw First Steps 5 Aug 10, 2008 11:39pm
"Bible of Option Strategies" - Guy Cohen RichieE Educational Resources 1 Feb 4, 2008 2:52pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)