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Opinions given on this thread are just that, 'opinions' and should not be taken as investment advice. Always do your own research before making investment decisions.

Useful links: IG Index FTSEIG Trading Live QuotesFTSE Dividend Adjustments Somnus Demark Based Trading Notes updated 16 July 2016 Click Here To download the Somnus Trading Excel Archive Spreadsheet to 1 July 2016 with Trade Signals and Limit Calculations Click here Somnus Club MT4 Expert Advisor Notes and Installation Instructions Click Here If you are interested in the Somnus Traders Club, please e-mail me at Somnus.Club@btinternet.com providing the following information as you would when joining any other sort of club: Somnus thread and real name, home address, land line telephone number so that I can call you without it costing me and if you wish a mobile number as well. I will ring you one evening (by prior arrangement) so that we can get to know one another. On this thread, the masculine shall include the feminine and the singular the plural.WEALTH WARNING - Spread betting can seriously damage your wealth. All development of the Somnus trading system has been carried out with a full understanding the risks involved and with adequate capital reserves. Please do not use any information from this thread without a full understanding of the risks. Consolidated Trades Record from 4 July 2016 Somnus is based on Tom Demark's system to spot the end of a trend and places automatic EA generated index trades on the GKFX MT4 spread-bet platform. I'm trading the DAX using a trade size based on my bank. A new trade is opened immediately a valid signal appears and the limit is adjusted as the number of trades in a series increases. When the number of open trades in a series exceeds 4, the first trade is closed and a new one is opened with the trade size increased to recover the loss. This is repeated as further trades are added to the series up to the maximum setting and then a new series is started. Updated 1 October 2016 A very satisfactory first week here on MoneyAM and having had quite a bit of contact with their office, including the MD (Bullshare) I'm very pleased with the move. 7 trades closed this week and the profit of £766.93 has raised my 13 week average from £607.97 to £620.20. The projected profit for the year now suggests 90.25% and a simple back of a fag packet calculation using 18.62% a quarter compounded 4 times comes to 97.98%, which is near enough for me. My intention remains to withdraw £1,000 of each £2,000 I make and this will of course affect the results, although I'm pretty sure that with the progress we've made recently I'll still double my bank and hopefully have a little extra on 4 July 2017. I've made a major change to my settings this week, as I've increased my Maximum Trades in Series from 5 to 7 combined with increasing the size from level 6 instead of level 4. Obviously it will be some time before the changes prove whether it was a good idea. The only other idea I've had this week was that bearing in mind the more levels there are open the smaller the difference is between the various TP's, it might be worth increasing the T/P as each level opens. This is something that can easily be done manually as long as you remember to change it back when the series closes and if you are away from your computer at the critical time, it doesn't really matter and there's normally plenty of time anyway. Those who've been around for a while will know that I'm never satisfied, so I'm planning to try it out by adding 1 point at each level and see what happens. Good luck. I'm trading the DAX using the following settings Somnus Performance   To view or update member's current T/P's Click here. To view forthcoming Economic News Click here. Ken Bachelor

The Group One horse was second, but ran well.

We'll have a valid short signal at 15:15, so it will then be a case of waiting for the first 1 hour reversal in the up trend. There is a slight hesitation at the moment, so perhaps the trade will open at 16:15.

Dow may give you a clue
the resistance comes in just below 18,200 ...... it's currently 18,172 but dithering a little

All markets tend to move in the same direction over time Cynic.

The reversal seems to be well underway at the moment, so it still looks like 16:15 unless it gets below 10,304 in the next 5 minutes.

As I suggested the short has opened, so whichever way the DAX moves from here we wiil have another £100. All we need is movement, hopefully upward movement as I've got 4 longs open and only 1 short.

yes it's all gone up :-)
confess i missed the boat at a tad below 10,320 so did nothing ...... however, i have other smallish Dax longs

banked a good profit on Dow longs a couple of days back

Cynic - I reckon a very good week for Somnus is 10 trades (2 a day on average) and a bad week is 5 trades (1 a day). £500 to £1,000 a week at the moment. We usually get somewhere in between.

It seems you're trading manually, so presumably you don't have any expectations other than hoping to catch the trade at the right time and winning.

i don't day-trade as rule ..... i don't have the time or the patience or even the skills
you're clearly pretty good at it, but you are also very much a rarity

meanwhile, i see DOW is really letting rip so there should be plenty of opportunity for you, and even a chance to recoup some of the (thumping?) losses you are currently wearing

i have a small "fun portfolio" which i use for trading ...... most is in individual stocks, though i also play a bit at the indices as you have noted

my major investment is in a small freehold which i was lucky enough to buy in 1978 and which yields hugely for the capital invested, and continues to rise in value

Sorry Cynic - I thought from the title of your thread that you are trading the FTSE and FTSE 250.

I'm also not sure what you mean by the losses I'm wearing. My current drawdown is 3.45%, but I don't start to become concerned until it reaches above 60%.

Ken,

Your t/p for the latest short is wrong.

Hi Cynic, perhaps, I can help and show in laymans terms what the system is doing, although compared to Ken, I am a novice as well.

The Somnus system will always aim to make a profit on a trade. To us a trade could be a single trade or a group of trades together which show a profit when the group is calculated together.

So for example, where you see the "Loss taken" in the table in the header, those trades are actually part of a single short group. The complete group P/L is:

-£527.50
-£723.75
-£213.25
-£36.12
£1654.07

The total for all the above is £153.45. So this group closed with a profit of £153.45. The "Loss taken" trades are where they have been closed and the next short trade opens at an increased trade size to recover the loss made on the "Loss taken" trade. The T/P is also automatically adjusted for all remaining short trades in the group. The 4th & 5th trades in a group would have increased trades sizes while the first 3 trades in the group will have the same trade size.

The key column in Ken's table is the "Series Totals" column.

Thank you Omar - I've corrected it now but it won't be too long now before we get another short, so I'll be doing it again soon.

Why have you and FLVT changed your names?

The only reason I can think of is that you've been very naughty and been banned here, and I don't believe that for one moment. I can think that Omar's been taken already, but you've never used that personally and surely nobody's using FLVT.

Thank you JR - At least you haven't changed your name.

the name Omar was not available, i had to add something to it.

Ken, I used FLVT a couple of years ago, can't remember the email address nor the password that I used. So, there is no way to use it ago.
Getting old, can't remember another, that's how naughty I am. :-(

Also, you change the stake increase in 6th trade, and series max. to 7, what's the advantage? If I understand correctly, there can only be ONE loss taken trade, and the series is 'ring fence' immediately afterwards; Right?

ken - why on earth should LVTP have been banned?

anyway, DAX is currently looking a bit strange .... there should be another ~100 points upside before hitting the buffers but is currently not keen to roar towards that

It should be FLVTP, but for whatever reason, it shows as LVTP instead.
Don't know why? Once I set it, I can't change it.

Press the contact at the top and email customer support and ask them to change it.

FLVT - We discussed the strategy tests I ran last weekend above.

I now feel that it's better to sacrifice a bit of the profits, in favour of reducing the potential drawdown from 90% to 60%. It's quite obvious that if you don't take the losses, your bank isn't reducing and if you're not increasing the trade size you're not increasing the margin needed.

As you know I hate the principle of ring fencing, so I'm also reducing that at the same time. In about 6 months time I'm sure I'll find out whether what I've done is a good or a bad play, but if I don't try things I'll never find out.

anyway, you should be quite cheery this morning with DAX zipping ahead, at least for now

Another winner, for you Ken; that is.
Well Done!