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heckmondwike07
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June,
Thanks for the feedback.
Do you need to be sitting in front of computer all day long placing traders or can you do this in evenings i.e. outside work committments? Can you set-up entry/exit points using your spread trading account (sorry I'm a newbie)?
Have you started trading for real money yet? And is it worth time/money for a newbie to start?
Thanks, heckmondwike07
Thanks for the feedback.
Do you need to be sitting in front of computer all day long placing traders or can you do this in evenings i.e. outside work committments? Can you set-up entry/exit points using your spread trading account (sorry I'm a newbie)?
Have you started trading for real money yet? And is it worth time/money for a newbie to start?
Thanks, heckmondwike07
pjchalmers
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Hi all
Im just starting in trading and went to guy cohen traning day on saturday just gone. It covered 3 items illuminati trading, flag trader(his new product) and a secret one off monthly trade called ambush trading only being introduced for the first time to the training day people. My initial comments are as follows:-
Day was brilliantly run, hotel food setting great. Guy was inspirational, options trading (illuminati)was a bit tough as i was learning from scratch. Flag trader was where i was just swept off my feet. Its so simple to understand the way he brought it over was brilliant. It takes all technical aspects away, he shows you a process that you rigorously follow. No need to calculate anything just follow 5 steps. The ambush trading secret i cannot divulge as i have signed a contract not to tell but it is amazing but you can only use it once a month. I went home saturday night feeling the money was very well spent. But the acid test is can i get it to work like he did. The software was installed early hours sunday morning ( as soon as i got home) which actually gives you the potential trades and by sunday lunchtime i had easily selected 40 possible trades. Two of them materialised yesterday and i made 100 points on one and 130 on the other. I only have a £500 starting pot so I bet 24p (minimum stake) a point on igindex and took just over 50 pounds, if i kept my nerve and used his last step of managing the trade i would have won more. Amazing, more are lining up now, my pot increased by 10% in one day. So that you understand the time implications (as i have seen amazing things written by copywriters like earn £1,000 per day doing 6 hrs per week) it takes about 15 minutes per day to use the software to locate potential trades then another 30 minutes to assess each one for the novice eye. Then about 30 minutes to set up trades found that comply to the 5 steps. So you are talking about 1.25hrs to check assess and place bets. I have done this for 2 days so is based on what it took me so far. I think that when im going properly the whole process with extended trade searches will take about 1.5 hrs. Hope this helps anyone who is considering doing anything with Guy. For me flag trader is the way to go.
Im just starting in trading and went to guy cohen traning day on saturday just gone. It covered 3 items illuminati trading, flag trader(his new product) and a secret one off monthly trade called ambush trading only being introduced for the first time to the training day people. My initial comments are as follows:-
Day was brilliantly run, hotel food setting great. Guy was inspirational, options trading (illuminati)was a bit tough as i was learning from scratch. Flag trader was where i was just swept off my feet. Its so simple to understand the way he brought it over was brilliant. It takes all technical aspects away, he shows you a process that you rigorously follow. No need to calculate anything just follow 5 steps. The ambush trading secret i cannot divulge as i have signed a contract not to tell but it is amazing but you can only use it once a month. I went home saturday night feeling the money was very well spent. But the acid test is can i get it to work like he did. The software was installed early hours sunday morning ( as soon as i got home) which actually gives you the potential trades and by sunday lunchtime i had easily selected 40 possible trades. Two of them materialised yesterday and i made 100 points on one and 130 on the other. I only have a £500 starting pot so I bet 24p (minimum stake) a point on igindex and took just over 50 pounds, if i kept my nerve and used his last step of managing the trade i would have won more. Amazing, more are lining up now, my pot increased by 10% in one day. So that you understand the time implications (as i have seen amazing things written by copywriters like earn £1,000 per day doing 6 hrs per week) it takes about 15 minutes per day to use the software to locate potential trades then another 30 minutes to assess each one for the novice eye. Then about 30 minutes to set up trades found that comply to the 5 steps. So you are talking about 1.25hrs to check assess and place bets. I have done this for 2 days so is based on what it took me so far. I think that when im going properly the whole process with extended trade searches will take about 1.5 hrs. Hope this helps anyone who is considering doing anything with Guy. For me flag trader is the way to go.
heckmondwike07
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Hello PJChalmers,
Thank you for your review/feedback.
If the flagtrader identifies potential trades for you then does it help you with assessment based on your risk profile or do you do this yourself? Can you also please clarify if trader needs to be sitting in front of his PC all day long to place, monitor such trades or can you do this in evening and wait for trades to move in right direction before you place your bets automatically?
Persumably you can also define your exit points whether they are to minimise your losses or to take profits? 10% return in a day is very impressive so well done and I hope you manage to double your pot within a couple of weeks!
How many trades have you placed so far and what has been your losses to profits factor? Do you only place a percentage of your pot i.e. 3% as your stake? Which markets do you trade in forex or usual stock markets?
I'm seriously thinking about investing in flagtrader software but need to fully understand all concepts before I committ to purchasing. Can you kindly answer above questions?
Many thanks and good luck.
Thank you for your review/feedback.
If the flagtrader identifies potential trades for you then does it help you with assessment based on your risk profile or do you do this yourself? Can you also please clarify if trader needs to be sitting in front of his PC all day long to place, monitor such trades or can you do this in evening and wait for trades to move in right direction before you place your bets automatically?
Persumably you can also define your exit points whether they are to minimise your losses or to take profits? 10% return in a day is very impressive so well done and I hope you manage to double your pot within a couple of weeks!
How many trades have you placed so far and what has been your losses to profits factor? Do you only place a percentage of your pot i.e. 3% as your stake? Which markets do you trade in forex or usual stock markets?
I'm seriously thinking about investing in flagtrader software but need to fully understand all concepts before I committ to purchasing. Can you kindly answer above questions?
Many thanks and good luck.
pjchalmers
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Its me again
Just saw some other comments and questions so will try to answer with my limited knowledge or experience.
1. Buying flag trader gives you one year free software access to flag finder after that you pay a yearly subscription which is i think about £500
2. You dont need to sit infront of the computer screen all day just over 1 hr is fine and can be done any time in the day or night. My initial thoughts are before 2.30 pm or after 9p.m only because Dow is then closed and the days candle is formed so easier to see a flag forming or formed.
3. I am using igindex and yes you set upthe trades on your spread betting account in advance they only trigger if all the criteria are met, if the trade is a dud tand the stock moves the wrong way then you havent lost anything as you didnt trigger it, so onto the next one.
4. Igindex also has a great text system so you can actually simply put in an alert to you mobile if a trade is triggered or hits a certain level, no need to keep checking.
5. Im a newbie to trading but not a newbie to trying other trading packages and been totally dissapointed and led up the garden path e.g pure matrix . Flag trader is not like this so on this point im talking from a position of knowledge.
5. I will keep you informed of my progress
Paul
Just saw some other comments and questions so will try to answer with my limited knowledge or experience.
1. Buying flag trader gives you one year free software access to flag finder after that you pay a yearly subscription which is i think about £500
2. You dont need to sit infront of the computer screen all day just over 1 hr is fine and can be done any time in the day or night. My initial thoughts are before 2.30 pm or after 9p.m only because Dow is then closed and the days candle is formed so easier to see a flag forming or formed.
3. I am using igindex and yes you set upthe trades on your spread betting account in advance they only trigger if all the criteria are met, if the trade is a dud tand the stock moves the wrong way then you havent lost anything as you didnt trigger it, so onto the next one.
4. Igindex also has a great text system so you can actually simply put in an alert to you mobile if a trade is triggered or hits a certain level, no need to keep checking.
5. Im a newbie to trading but not a newbie to trying other trading packages and been totally dissapointed and led up the garden path e.g pure matrix . Flag trader is not like this so on this point im talking from a position of knowledge.
5. I will keep you informed of my progress
Paul
pjchalmers
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Hi heckmondwike
I will answer your questions on main site so others benefit.
1. the flag finder software identifies potential trades only, you have to do the rest, assessment risk profile is your job. But let me make it clear there are four more steps to do the software does the first one you do the others. They are very easy there is no ifs or buts its mechanical not guesswork just follow his exact steps. If there is a flag identified you check with the other 4 points to see if it passes the test. These points are easy to do and the answers to some of these tests are also actually available with the answer for you by checking certain data on other free websites, i would say it takes about 4 to 5 minutes to assess everything about an identified flag as to whether you want to trade it. this includes the exact entry exit and stop points I realise im making it sound very easy like a 123 guide but it actually is. I understand why guy makes everyone sign a very detailed confidentiality agreement as i could teach you these steps now all i would not have is the initial identification software, thats why you must go with Guy to get this.
2. Using igindex you set up all the necessary entry exit and stop points before the trade starts so you know your risk and profit targets before you start. Ig actually allows a 24p a point bet so the losses if you get them are small. The thing is if the flag hits and passes the 5 steps then the chance of it working is huge as you have set up a trade that has so many things in its favour the chances of failure are small.
3. I have placed two trades so far and both won. I see this lady jc has paper traded and won £1000 not a surprise if she has applied the steps before entering a trade.
Hope this helps
Paul
I will answer your questions on main site so others benefit.
1. the flag finder software identifies potential trades only, you have to do the rest, assessment risk profile is your job. But let me make it clear there are four more steps to do the software does the first one you do the others. They are very easy there is no ifs or buts its mechanical not guesswork just follow his exact steps. If there is a flag identified you check with the other 4 points to see if it passes the test. These points are easy to do and the answers to some of these tests are also actually available with the answer for you by checking certain data on other free websites, i would say it takes about 4 to 5 minutes to assess everything about an identified flag as to whether you want to trade it. this includes the exact entry exit and stop points I realise im making it sound very easy like a 123 guide but it actually is. I understand why guy makes everyone sign a very detailed confidentiality agreement as i could teach you these steps now all i would not have is the initial identification software, thats why you must go with Guy to get this.
2. Using igindex you set up all the necessary entry exit and stop points before the trade starts so you know your risk and profit targets before you start. Ig actually allows a 24p a point bet so the losses if you get them are small. The thing is if the flag hits and passes the 5 steps then the chance of it working is huge as you have set up a trade that has so many things in its favour the chances of failure are small.
3. I have placed two trades so far and both won. I see this lady jc has paper traded and won £1000 not a surprise if she has applied the steps before entering a trade.
Hope this helps
Paul
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heckmondwike07
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Paul,
Thanks for sharing your knowledge. I would be very interested in your trading results over the next week or so. I have noticed that you recommend Flag Trader over Illuminati Trader. What's the difference between the two? Is Illumninati Trader for more advanced users?
Many thanks, Heckmondwike07
Thanks for sharing your knowledge. I would be very interested in your trading results over the next week or so. I have noticed that you recommend Flag Trader over Illuminati Trader. What's the difference between the two? Is Illumninati Trader for more advanced users?
Many thanks, Heckmondwike07
pjchalmers
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I will keep this forum posted with results and we will see if or if not this really is something good. I am a very system/logical person and the reason i said flag trader over illuminati is that after 3 hrs of illuminati my head had gone even though i gained a lot of knowledge but with flag trader after 3 hrs i knew exactly how to do it and was confident to switch on a computer and be able to start immediately. It doesnt actually need any previous knowledge of trading as you just let the software do its work and then just do 4 more simple steps. Dont get me wrong illuminati is powerful but needs more training to be able to use it confidently but he gave me the illuminati training dvds as part of the seminar so i will learn and do as well i have no doubt it will make me a far better trader. They seem to go hand in hand and using both will make getting profits even easier. To start flag trader has to be the one to take but i think after a while of success you would naturally want to incorporate illuminati. I believe you can use the illuminati trading method on options to almost cover a loss if a flag trade suddenly reverses to mitigate any loss, if it does it almost makes flag trading virtually loss free but im not sure of this point so dont quote me on this one until i investigate more.
Paul
Paul
Paul,
Great to hear your experience has been positive and it would be very helpful if you can quote actual trades. Presumably you are allowed to do that as it would be after the event. Ticker, entry, stop, and limit would be interesting to see.
People have different views on risk but anything over 1% becomes exponentially more dangerous as drawdowns do happen. Betting just 25p a point with a 30 point stop is a 1.5% risk on a £500 bank. I prefer to look at it this way as £7.50 doesn't sound like much but as the stakes move > 1% of bank becomes significant, so I view 1.5% as the upper limit. Preservation of capital is crucial and I do know from bitter experience!
Happy trading.
Great to hear your experience has been positive and it would be very helpful if you can quote actual trades. Presumably you are allowed to do that as it would be after the event. Ticker, entry, stop, and limit would be interesting to see.
People have different views on risk but anything over 1% becomes exponentially more dangerous as drawdowns do happen. Betting just 25p a point with a 30 point stop is a 1.5% risk on a £500 bank. I prefer to look at it this way as £7.50 doesn't sound like much but as the stakes move > 1% of bank becomes significant, so I view 1.5% as the upper limit. Preservation of capital is crucial and I do know from bitter experience!
Happy trading.
pjchalmers
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No probs i have two further trades on at the moment and both are winning i will detail them when i close them. May have made a little error though as I placed these trades yesterday not realising it was thanksgiving today/tomorrow, but im up so lets hope this doesnt affect this too much adversely as volume has plummeted.
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 [email protected].
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
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 [email protected].
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
pjchalmers
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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
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
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.
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.
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?
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?
pjchalmers
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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
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
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
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
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?
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.
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:
pjchalmers
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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
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:
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