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 tyresmoke Please forgive me for the long post! If I recall, earlier in this thread, Guy indicated ...

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Old Jun 16, 2011, 5:33pm   #241
Joined Sep 2006
Re: Guy Cohen - Illuminati Trading System

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Originally Posted by tyresmoke View Post
Please forgive me for the long post!

If I recall, earlier in this thread, Guy indicated that since getting negative feedback about the style of marketing for his systems (having followed his publisher's/marketer's recommendations) he's thinking of changing it. It's quite possible that the ad copywriters took photos from an image site and stuck them alongside e-mail quotes from system users. That's not good but it doesn't directly reflect on whether or not Guy's system works (i.e. more profits than losses over time).

I'm probably as sceptical as most on here. My first response to anything that looks 'too good to be true' is to dismiss it outright and tell everyone else to avoid it. I don't believe in 'get rich quick' schemes. I have never knowingly fallen for a con in my entire life. Yet, having done literally days of research on GC's Flag Trader system, I can't find any negative feedback anywhere (from actual, paid-up users) which is quite astonishing.

Long story short, I've decided to give it a go. There's currently a 50% discount (this probably isn't a discount at all, but there's no way I would pay the supposed full price of a grand for this) and a 30 day free trial. Your direct debit for the purchase price isn't activated until the end of the 30 daytrial period, so you can cancel your DD (a couple of days before the trial is up, to be safe) and return the course material 'in any condition' and you've lost nothing. You've got your bank's Direct Debit guarantee if your money is taken improperly - if you've never used this guarantee before it's an almost immediate, automatic refund - so your money is completely safe. You can paper trade before chucking money at it, so I really can't see what I have to lose here.

I've got no connection at all with Guy Cohen or his publishers, etc. And I'm not expecting miracles. I just like the idea of a system which presents me with potentially great opportunities every day that I can then decide to trade or not. Yes, I know I could probably find some of these myself, but I'd rather pay someone else to do the hours of legwork here. It's as simple as that.

I'll let you know how I get on

Hi there, this is Guy ... apologies for not being on here for such a long time, and thank you for giving FlagTrader (FT) a try.

I want to address a couple of points that others have made recently on this board.

First, Agora are truly presenting FT at a 50% discount right now - the original price was £997, and FT now includes a big update with my OVI indicator and scanner. The OVI is a very cool piece of work that tracks options transaction data - but it's important to realize that FlagTrader is NOT an options product.

Second, we honour all refunds within a few days of the refund period, always have and always will. Agora are also generous in this regard in that if you're a few days late they'll still honour a refund. The same applies to me. This is one of the reasons why our feedback is so good. I think it's fair to say that people who engage with us only have positive things to say, even if they didn't gel with the system itself.

Customer service is something I'm very hot on, and we record all communications. Anyone who's dealt with us directly will only have positive feedback in this regard, and there's also plenty of good feedback about my systems themselves too. We are simply not allowed to make false testimonials and these do get properly vetted.

I realize that there are many unscrupulous operators out there. Unfortunately this creates problems for the good guys, but I guess it also means I try doubly hard to provide (a) great systems (which many out there agree I have) and (b) top class support.

One obvious and fair question is why create these systems and release them to the public? It's mainly a business decision based on the fact that R&D, software development and support is expensive and time consuming. Remember, for the OVI we're crunching hundred-of-millions of rows of data every night.

As for my trading methods, these are dynamic yet risk averse, based on sound trading principles advocated by some huge trading legends. What I've done is to create algorithms and courses to emulate their methods - this makes it easy for others to use, and we have a lot of success stories. My OVI indicator is endorsed by some of the top traders in the US, so it really is the real deal, but as we all know, trading is as much a mind game as it is a technical game.

This is where my trading plan comes in and this explains partly why we've had such good feedback. One thing I've noticed on here is that the little negativity that there is on this board is actually not about my methods or my customer support, but a more general (and totally understandable) cynicism about the industry itself. To the cynics, I'm with you! There's a lot of junk out there, but I've never heard or read anyone say that about my stuff.

Just a brief word about my trading plan. It allows for a quick partial profit on the first half of the trade, and a windfall on the second half. The latter will happen when a trend materializes. This is what drives up our batting averages, and in some cases we've seen several hundred percent in a matter of weeks. This only occurs when stocks are trending. When the market is churning you won't see those kinds of returns, but my trading plan keeps you pretty safe during those times too.

Is it possible to tell which market we're in, trending or choppy? Well the OVI does a pretty good job in that regard, but I can't claim that I or the system has any kind of hindsight. However, the trading plan I teach does a really good job of keeping you safe (and quiet) during the choppy markets, and getting you busier when the neat patterns start to show up.

Many systems really don't have a properly worked-out trading plan. The trading plan is all-important and mine is thorough.

The problem with many trading plans is that they have you either exit too early (which means you stay too long the next time!) or have you stay too long (and then you exit too early the next time!).

By taking partial early profits and staying in for the ride (should it materialize) we pretty much get the best of both worlds. But it does require the discipline of accepting you really don't know in advance what's about to happen next.

Those of you who receive my emails may think (positively!) differently because we've made some pretty good calls on the market. This is down to the composition of chart patterns in combination with my OVI indicator. This is what I teach you to do and many of my students report a far greater intuition with the markets after a time with me and the OVI.


Ok, I'm rambling now - many apologies, it's easy to get carried away!

The main point is to say hello to everyone here. I've never hidden from anyone and my contact details are available for anyone to get in touch.

I hope this helps.

Regards

Guy
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Old Jun 16, 2011, 6:17pm   #242
Joined Jun 2008
Re: Guy Cohen - Illuminati Trading System

thanks ,Guy thats a great post and cleared up many of my doubts.if i should want to sign up to your new offer(which i do)where is the link or address i can go to?
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Old Jun 16, 2011, 6:40pm   #243
 
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Re: Guy Cohen - Illuminati Trading System

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Originally Posted by marco dean View Post
thanks ,Guy thats a great post and cleared up many of my doubts.if i should want to sign up to your new offer(which i do)where is the link or address i can go to?
try https://www.f-s-p-secure.co.uk/fsp/a...147067501&ol=1
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Old Jun 16, 2011, 7:11pm   #244
Joined Oct 2006
Re: Guy Cohen - Illuminati Trading System

a fool and his money...
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Old Jun 16, 2011, 11:28pm   #245
Joined Sep 2006
Re: Guy Cohen - Illuminati Trading System

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Originally Posted by pboyles View Post
a fool and his money...
Hi pboyles

As I mentioned, both I and Agora are scrupulously fair when it comes to refunds - far more so than anyone else I'm aware of. So it's not really a fair post you're making there, and I dare say it doesn't seem to be based on any experience you have had with my systems.

It's very easy to make generalized sweeping statements ... and I'd probably agree that in the majority of cases you'd be right. But in our case we really do look after our students whether they succeed and stay, or otherwise.

Regards

Guy
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Old Jun 16, 2011, 11:39pm   #246
Joined Feb 2009
Re: Guy Cohen - Illuminati Trading System

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Originally Posted by guyko21 View Post
Hi pboyles

As I mentioned, both I and Agora are scrupulously fair when it comes to refunds - far more so than anyone else I'm aware of. So it's not really a fair post you're making there, and I dare say it doesn't seem to be based on any experience you have had with my systems.

It's very easy to make generalized sweeping statements ... and I'd probably agree that in the majority of cases you'd be right. But in our case we really do look after our students whether they succeed and stay, or otherwise.

Regards

Guy
Guy, why have you been putting up fake pictures of people giving testimonials or pretending to trade/learn your system. It reeks of deceit. Why should anyone trust anything further you have to say before you have adequately explained this? If you are UK based, you should know that deceptive advertising is both a civil wrong and potentially can also constitute criminal fraud in the UK.

I look forward to your explanation.

Regards,

Mcclaine
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Old Jun 16, 2011, 11:59pm   #247
Joined Jun 2011
Re: Guy Cohen - Illuminati Trading System

I am all for someone to give this a go and report back. It would not be acceptable if the person then comes back and say yes it works and he made money from it. We don't know who is or isn't a stooge here. So the person coming back should provide a few real time trade signals to prove he can really make money from it. In fact, I think the operator of the website should provide a few real time signals to convince people they can do what they claim. Sadly, though, I don't think we will get to see these signals.
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Old Jun 17, 2011, 9:22am   #248
Joined Oct 2006
Re: Guy Cohen - Illuminati Trading System

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Originally Posted by guyko21 View Post
Hi pboyles

As I mentioned, both I and Agora are scrupulously fair when it comes to refunds - far more so than anyone else I'm aware of. So it's not really a fair post you're making there, and I dare say it doesn't seem to be based on any experience you have had with my systems.

It's very easy to make generalized sweeping statements ... and I'd probably agree that in the majority of cases you'd be right. But in our case we really do look after our students whether they succeed and stay, or otherwise.

Regards

Guy

I'm not making a sweeping statement, I'm stating that you have published positive testimonials on your website along with photographs to encourage people to pay you for training. The photos are not of your customers they have simply been copied from other websites. Why should anyone trust you with their money when you use these sort of tactics to fool people? You should read Section 2 of the Fraud Act and familiarise yourself with the offences concerning false advertising.
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Old Jun 17, 2011, 9:46am   #249
Joined Oct 2006
Re: Guy Cohen - Illuminati Trading System

Having said that I will make one sweeping statement. Anyone who reads a website like this http://guycohen.net/private/ and falls for it and pays out thousands of pounds is a fool.
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Thanks! The following members like this post: Pazienza
Old Jun 17, 2011, 10:20am   #250
Joined Apr 2006
Re: Guy Cohen - Illuminati Trading System

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Originally Posted by mcclaine View Post
Guy, why have you been putting up fake pictures of people giving testimonials or pretending to trade/learn your system. It reeks of deceit.
Dont get me wrong, I despise vendors more than most, but I think you need to take a more balanced view.

Surely its common practice in marketing and advertising to use images of people who may not necessarily be users of a particular product. Actors are commonly used in TV adverts, do you really believe George Clooney drinks a particular brand of coffee ?, or is he probably being paid a 7 figure sum to imply he does ?

There's a whole industry based around selling stock photographs precisely for this reason.

I probably agree that implying that the person in the photograph was the person giving the testimonial is crossing an ethical line, but where should that line be drawn ?

A key component of successful advertising is to show people how they aspire to be (hence pictures of people sitting on yachts in extic locations with fit totty etc). Many of the customers for these types of products will be fat ugly mingers living on sink estates ! would you really want to put pictures of these types of people on a website.
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