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 disi Don't do it! Keep your money and save it! thanks for the advice - I have ...

LinkBack Thread Tools Search this Thread
Old May 28, 2009, 12:32pm   #105
5 Posts
Joined Apr 2006
Originally Posted by disi View Post
Don't do it! Keep your money and save it!
thanks for the advice - I have duly disregarded it!

Guys - I am in. I have gone through the software and been doing a few paper trades. I am a complete noob

Agree with pain in the ass factor with the OX accounts - just a little bit concerned with IGIndex not safeguarding against initial leaps (albeit a rare occurrence)! Also like the Tradesense documentation from IGIndex which turned up in the post yesterday - very impressive looking info.

From what I have seen on ths disks...and from what I have seen when "paper" trading I am suitably excited and think this could really have some mileage in it but I guess time will tell

I'll be monitoring closely and hopefully we can be successful altogether - good luck peeps!
swisdom is offline   Reply With Quote
Old May 28, 2009, 1:13pm   #106
Joined Oct 2008
I think it's good that we can exchange views & ideas like this; it's a learning curve for all us newbie FlagTraders at the end of the day. Thanks for the update Andrew - COO was one that I also spotted, but I'm glad that I decided not to trade it. I agree, taking early profits during uncertain times has got to be the way to go.

I do like your enthusiasm swisdom .. . Good luck to you too.

I think there could be a lot of 'action' coming within the reasonably near future - just my hunch.

And Guy, if you are reading this, please note that your blog updates (e-mail alerts) are really appreciated - . So keep 'em coming, as I for one take a lot of comfort from these regular communications from you.
Keith-H is offline   Reply With Quote
Old May 28, 2009, 3:48pm   #107
5 Posts
Joined Apr 2006
To start with I am concentrating on Bull flags until I get my head around the whole system - the Bear flags are a little daunting (I know it's just the reverse but I want to be cautious here)

I am finding that it is very addictive and I want to keep checking my progress and thats something I need to curb as I don't want this taking over my life completely!

That said - I might be dipping my toe in tonight.....just for a very low risk taster...
swisdom is offline   Reply With Quote
Old May 30, 2009, 8:58pm   #108
Joined Sep 2006
Italo said:

"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."

No i'm even shrewder than that! I tend to think i'll take first profits about 70c later !!!

Nothing like being careful.

Someone said that there is a bit of concern with IGIndex regarding no real insurance against sudden leaps in the price. I think this can be managed, as long as you don't trade around earnings or any significant news events + trade during trading hours so that you are not hit by any leaps when the market opens. Guy said this is quite rare using the FT methodology but I can't vouch for that to be honest.

Actually I wonder if Guy got round to asking IGIndex to try and incorporate a tool that allows you to put in a limit for trading in IGIndex so you don't get caught by a big jump? I think he said he was suggesting improvements to IGIndex themselves.


P.S. A good thing to do is look through historical patterns and see if you can spot flags etc and think would I have traded that, what would have happened etc?

Last edited by andys280176; May 30, 2009 at 9:03pm.
andys280176 is offline   Reply With Quote
Old May 30, 2009, 9:08pm   #109
dr.blix's Avatar
Joined Dec 2008
what i'd like to know is, what does it have to do with Freemasonry?

All your base are belong to Blix
UK Equities Thread -
dr.blix is offline   Reply With Quote
Old Jun 10, 2009, 3:53pm   #110
5 Posts
Joined Apr 2006
Well I am delighted to say I had my first day trading yesterday and ended up with one of my 3 trades becoming active and netting me a small profit. Admittedly I am only doing £0.10 / point but even so thats more than enough to keep me on my toes not being particularly wealthy at this moment in time!

I am keeping an eye on things though and it's really exciting stuff - just looking forward to finishing work on Friday and having plenty of time to myself to really concentrate on it (my other 2 trades are a million miles away from becoming active at present so I'm thinking I was a little too cautious on them!)

All in all I am going to continue with this and hope, between us, we can come out on top.

for what it's worth I went with IGIndex as it seemed more straightforward than Options Express - but haven't yet got TC2000 on my machine but might give that a go tonight

happy trading lads and lasses!
swisdom is offline   Reply With Quote
Old Jun 10, 2009, 7:42pm   #111
Joined Sep 2006
Got two trades on today. Having a bit of a sticky patch, nothing really breaking out. I am very cautious though and tend to cancel trade after one day if it hasn't broke out from the flag. No losses but no gains.

andys280176 is offline   Reply With Quote
Old Jun 16, 2009, 9:41pm   #112
Joined Sep 2006
Well today I got my first virtual profit using optionsexpress. It was a trade I had kind of forgot about really. I put it on to buy 100 and then after a very slow move to the upside I moved up the stop and sold at a higher price. I could have potentially made a little bit more had I kept a closer eye on it but in hindsight...?


Bought 100 at $11.19
Sold 100 at £12.75

Because it is virtual trade I couldn't put on one triggers two so couldn't take half-profits. I probably could have put on two half trades and one with limit thinking on it now. This is what you do in IGIndex.


Profit of about $122
andys280176 is offline   Reply With Quote

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)