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; Thought this might be interesting to those that have not spotted it on another board, Illumanati Trader. best regards Hi ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 27, 2008, 9:43pm   #31
Joined Oct 2007
Thought this might be interesting to those that have not spotted it on another board, Illumanati Trader.

best regards

Hi there

This is Guy. I don't make a habit of going on message boards but your post was somehow on Google and I was intrigued!

The answer to your question is that I created Illuminati Trader at the beginning of 2006 in anticipation of great uncertainty and volatility in the markets.

The method is based upon trading volatility, not direction. I'm an options specialist and have traded volatility successfully for many years. My methods originate from my academic studies, my software applications, and my hard won battles in trading!

What I'm looking for are stocks that (a) have a news announcement coming but where the outcome is not known, (b) are displaying consolidating chart patterns, (c) have reasonably priced options premiums which I calculate in a number of ways with varying levels of sophistication. Now that sounds straightforward, but without the right set of tools, just finding one candidate stock could literally take days.

I created the brand new software so I could take advantage of the increasing volatility that I was anticipating. All this forms the basis of Illuminati Trader. With this tool I can find candidate opportunities with ease and within minutes.

Part of the product features a filter for flag/consolidation patterns, which is excellent and even if my traders want to take it slow with the options strategies, they can simply trade the flag patterns which has been particularly well received.

You'll see that my publisher is the FT and clients licensing software from me include NYSE Euronext. The trading figures in the marketing pieces are my own audited figures which were required particularly in the US.

An obvious question is "why license such a valuable tool?" A number of reasons. First, two different traders will find different opportunities appealing, therefore there are no liquidity issues with the application of the method. Ultimately I use the software application and it continues to be improved for both mine and my students benefit.

I hope this addresses your questions adequately. Unlike some out there I don't put myself on a pedestal and I'm pretty approachable within reason. I also place a lot of value on support and have a full time team based in the US.

You can never underestimate the feeling of reading an unsolicited email from someone writing in to thank you for a great trade they've made or how you've improved their life in some way. Because of this I'll certainly release more training products in the near future, especially now I know how to use the presentation software!

If you want to contact me directly I'll be happy to answer your questions. Email me on Guy@optioneasy.com.

All the best


Guy




Quote:
Originally Posted by intercreate
Has anyone heard or used of the system promoted by Guy Cohen called Illuminati Trader System?



From reading the information on the site in the link I gather the system most likely involves spreads and most likely the futures market?

Kind Regards

INTERCREATE
shiversc is offline   Reply With Quote
Old Nov 27, 2008, 11:01pm   #32
Joined Nov 2008
Ok update as requested i did 3 trades one didnt hit the entry point and went the opposite way so no entry therefore no loss. The two remaining trades were successful but chickened out when both got to 100 points as per my comment re thanksgiving. But another £50 approx so thats over £100 in four trades. Details as requested Stock CPRT entry point 24.65 profit take 23.65 stop set at 26.97. Stock ANDE entry point 12.86 profit take 11.86 stop set at 16.03. This one was a bit wierd as it gapped, then hit the trade then went down and hit the profit point.
Now i realise my stops were at about 220 points and just over three hundred. This doesnt make sense as the pot i therefore risked was very high, but i have only a small amount of capital to play with and have rigourously applied Guys criteria. The problem is if i had lowered the stop 1. it wouldnt have complied with his tried and proven method and 2. I risked stop outs if the market moved only slightly the wrong way. I think i will now most probably trade the 10 to 15 $ stocks for a while so lowering my stop spread until i increase my pot which thankfully has increased by 20% in two days. A bit risky i know.
By the way the response from Guy doesnt amaze me his is friendly helpful and knows he has a winning system. Having met him his response sums him up nicely.
Paul
pjchalmers is offline Commercial web site   Reply With Quote
Old Nov 27, 2008, 11:43pm   #33
Joined Oct 2007
Paul,
Many thanks for the detailed illustration of your trades and two good wins. I don't like holding positions even overnight due to bad experience of getting Stops spiked out at the open. Holding over a US holiday weekend would certainly require a steady nerve!
You might just want to check the calculation of the Stops as 25% seems very wide unless they are highly volatile. If they are this volatile then the risk of the Stop being hit would seem high and the loss as a % of your bank enormous.
It would be interesting to know what was the original number of profit points targeted.
shiversc is offline   Reply With Quote
Old Dec 1, 2008, 2:46pm   #34
Joined Dec 2007
Anyone else with any experience with Flag trader? I was thinking about buying the system and trying it for a month but Guy's webpage is making me think twice. Its the typical blah blah blah with a few letters saying how good it is from people who have apparently bought it and made loads (i did notice one letter was posted twice with slight variations which has made me suspicious.) I also noticed that Guy says he just wants the money and not to have a flashy exciting time earning it but just to sit back and watch the money roll in, I wonder why he is doing seminars and advising people rather than just sitting back and watching his system work for him then? Just the obvious questions that make me think hang on a sec.

Im of the opinion that this system sounds too good to be true, and we all know what that usually means so are there any other traders using this system?
JayZ1966 is offline   Reply With Quote
Old Dec 1, 2008, 5:48pm   #35
Joined Nov 2008
You need more than one opinion so hopefully other people will comment but I will try to answer some questions. This is in my domain so can speak with great authority on some of your questions as I am a very successful internet marketer.
1. A copywriter will have written this and it is a typical copy as copywriters have been taught. I personally believe its starting to loose its effect and becoming old hat but Ted Nicholas who is the godfather of copywriters is starting to change but not many others. I personally think the copy doesn't do the product justice and the benefits for you and me were not brought out very well hence the blah blah was big and the benefits were sparce. There are also other mistakes which you haven't picked up either.
2. I think when you have something good and you are successful like he is then doing seminars is a way of letting that ego bit out every now and again. But there is another income stream he is trying to set up and that is a residual income i.e do nothing and the money comes rolling in but you have to set this up and people joining his setup will use his software continuously and they will pay a modest yearly fee to do this. So he then achieves what he is setting out to do and what he openly says he wants.
I hope this helps some of your questions from an internet marketing point of view. As for trading im the novice but from my point of view it seems to be working very well. If you think of this as trading then your going down the wrong path. To me its not, I have been shown to do a number of steps to something that is spewed out of a computer programme, if it passes the tests put a trade on it as the results show then wait and watch. It then has a high probability it will work and from my experience so far it does. I know hardly anything about trading but i know how to follow some simple steps. I have probably like you tried many holy grail products . I know as I have been burnt on all except one thing i found which is what i now do ass a living. Guy has taught me what seems a very good working income even though the flag trading is in its infancy.
Hope this helps a little bit
Paul
pjchalmers is offline Commercial web site   Reply With Quote
Old Dec 1, 2008, 10:43pm   #36
Joined Oct 2007
Paul,
just had some time to look at the Nasdaq : ANDE trade to see how the prices worked. The entry looked good and it went all the way to 11.17. This one has been falling for a while and would have been a great short when it broke resistance at $30!. It's always easy in hindsight. Depending on the timeframe of the trade the Stops you quote look correct for a daily range as some days showed a near 10% move. I am not familiar with $ trades but have taken it that it's a point a cent on a spreadbet.
Well done, if most are like this, looks like a winner.
C
shiversc is offline   Reply With Quote
Old Dec 2, 2008, 4:36pm   #37
Joined Dec 2007
I was wondering what the difference between Flag-Trader-Stock-Consolidation-Chart-Pattern-Trading-Secret-Flag-Trader (£997) and www.secretflagtrader.co.uk (£1721) is apart from that they seem to be the same system but the price of the system is different. Is one a legit site and the other a con?
JayZ1966 is offline   Reply With Quote
Old Dec 5, 2008, 8:52pm   #38
Joined Jan 2007
Is Flag Trader Still Performing and Expected?

Hi Paul (pjchalmers),
Some questions and a request for you. Does FT generate Sell as well as buy signal to get you out of the trade or just rely on trailing stops? Can it only be used to trade equities or would futures, options, currencies, indexes and bonds also be possible – thinking of risk reduction here by trading multiple markets? Any chance of a further update on your progress with Flag Trader since last post? An idea of how the system is trading and perhaps details of a few more trades would be very interesting if you can find the time. Thanks for your time and input so far it is appreciated by many of us.

Last edited by stevensri; Dec 6, 2008 at 3:12am. Reason: Added some questions
stevensri is offline   Reply With Quote
Old Dec 7, 2008, 3:48am   #39
 
6 Posts
Joined Dec 2008
Hey just wanted to thank pjchalmers for sharing his experience with the Illuminati method with us. I've been debating whether to buy this for a while, and I think you answered my questions. Good luck trading.
4X-Trader is offline   Reply With Quote
Old Dec 9, 2008, 12:24pm   #40
Joined Nov 2008
Hi JAYZ1966
The flag trader software is £997+VAT, dont pay anymore. The best bet is to call the number on Guys site and place your order. Im sure there are plenty of people trying to muscle in on Guy' success but dont fall for it.

For the rest of the questions other people have asked:-
1. The flag trader software generates sell and buy signals to enter the trades but you then have a trade management method which he teaches you (obviously i cant say what it is). This is based on trailing stops used in a certain way but the software doesnt tell you this. Guy teaches you how to do this but it takes only a tiny amount of time to set up.
2. This software is solely used for trading stocks but when you start to mix the others e.g options then this is where illuminatii product takes over. But in these market conditions at the moment and looking at it for the considerable future this method is the one to use. Im sorry I dont have the experience on the other items (etc) to give you a more complete answer. I have found and learnt a system without knowing too much about trading and i just use it as i've been taught. But im learning a bit more about trading every day!!
I have had more successful trades with flag trader and will find time in next few days to document some as you have asked but its working. One note of caution is that im taking less profits but guaranteeing them . The swings are so volatile that holding a trade for too long can be very risky now. Im taking a nice profit quickly and then using the trailing stops to grab a bit more if not it cuts me out still with my win in the bag.
Hope this helps, I promise to update you on my last trades in the next few days

Regards
Paul

Last edited by pjchalmers; Dec 9, 2008 at 12:27pm. Reason: spelling mistake
pjchalmers is offline Commercial web site   Reply With Quote
Old Dec 9, 2008, 1:42pm   #41
Joined Dec 2007
Quote:
Originally Posted by pjchalmers View Post
Hi JAYZ1966
The flag trader software is £997+VAT, dont pay anymore. The best bet is to call the number on Guys site and place your order. Im sure there are plenty of people trying to muscle in on Guy' success but dont fall for it.

For the rest of the questions other people have asked:-
1. The flag trader software generates sell and buy signals to enter the trades but you then have a trade management method which he teaches you (obviously i cant say what it is). This is based on trailing stops used in a certain way but the software doesnt tell you this. Guy teaches you how to do this but it takes only a tiny amount of time to set up.
2. This software is solely used for trading stocks but when you start to mix the others e.g options then this is where illuminatii product takes over. But in these market conditions at the moment and looking at it for the considerable future this method is the one to use. Im sorry I dont have the experience on the other items (etc) to give you a more complete answer. I have found and learnt a system without knowing too much about trading and i just use it as i've been taught. But im learning a bit more about trading every day!!
I have had more successful trades with flag trader and will find time in next few days to document some as you have asked but its working. One note of caution is that im taking less profits but guaranteeing them . The swings are so volatile that holding a trade for too long can be very risky now. Im taking a nice profit quickly and then using the trailing stops to grab a bit more if not it cuts me out still with my win in the bag.
Hope this helps, I promise to update you on my last trades in the next few days

Regards
Paul
Thanks for the reply, look forward to your next post with trade examples.

Joe
JayZ1966 is offline   Reply With Quote
Old Dec 9, 2008, 10:44pm   #42
Joined Jan 2007
Good to hear from you Paul

Hi Paul (pjchalmers),
Thanks for your reply. I appreciate that your probably tied up in a confidentiality agreement with Guy, I’m not trying to rip him or you off – just to get a better understand of his system from someone independent who is using it in anger.

Thinking about what you said. At the start, not knowing too much about trading may actually be to your advantage if you are using someone else’s system (assuming you’ve thorough training in it!). There’s less change of you thinking, “you know better” or just accidentally biasing the system. Basically new traders are more likely to follow Guy’s instructions to the letter than more knowledgeable ones.

Anyway best of luck with your trading – though sounds like you don’t need it.
Stevenri
stevensri is offline   Reply With Quote
Old Jan 14, 2009, 3:19pm   #43
 
2 Posts
Joined Jan 2005
Update on Flag Trader

Anyone trading this for real? How's it going?
DHPB is offline   Reply With Quote
Old Jan 18, 2009, 2:51pm   #44
Joined Oct 2008
I'm Going to 'Test Drive' The Flag-Trader System

[First Post]

Hello to you all - I've been lurking here for a while now, but thought this would be an appropriate time to post my first message.

FWIW, I've completed all the on-line research and 'due diligence' I can on Guy Cohen's background and his system products. Result: I'm reasonably convinced that he's a decent character. His offerings do seem genuine enough.

So I've just pulled-the-trigger and ordered the "Flag-Trader" system. Delivery time for the training software is promised at around 5 -7 days.

I'm not expecting the system to be a panacea to guaranteed success, of course. But at first view, it does appear to be a useful filtering tool to have in one's armoury before executing a trade.

I'll let you know how I get on with it all.

Cheers for now

KEITH
[Down in Cornwall - where the pasties come from!.. ]
Keith-H is offline   Reply With Quote
Old Jan 20, 2009, 10:27pm   #45
 
2 Posts
Joined Jan 2009
Similar Thoughts

Have just read Keith-H's post and am considering purchasing the software. Have no trading experience whatsoever but am experienced with horse betting so am naturally wary of too good to be true tipsters
varty 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)