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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

haven't been following USA as busy trying to unscramble some silly biz nonsenses
i'ld guess because it brings into focus the increasing likelihood (it's a certainty!) of a rate increase in december following the election of the crook or the maniac

also Dow has had a thumping rises for 2 days, albeit following an even bigger sell-off

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btw, Somnus was a geezer as the ending "us" should have told you :-)

DOW
am going to the gym shortly so shan't be able to follow, but i note cash Dow is now quite comfortably below 18,320
a short is worth considering

Hi again.

It's always good to see the first trade closed each day as it means my wife can have her hair done tomorrow.

I'm now waiting for Somnus to give me the level 2 long signal, which will move the T/P to a more reasonable level.

i'm just back and note that Dow has fallen away as i thought it might
Dax does not yet look low enough for me to want to punt long

Dax now barely 10,400 and a quick look at the charts over the last couple of days indicates that a modest long may not now be a bad idea

i've tried to get a clue as to where Dow may now be headed, but certainly the daily chart just looks rather messy

It may not be low enough for you Cynic, but I expect Somus to open my level 2 long in exactly 8 minutes.

Got the 2nd long at 5.15 Ken but my T/P is 10493.5 because as you well know I am very greedy. Still no sign of Omar or JR though.

Bunny - Perhaps they've gone to the Ryder Cup, thinking you would be playing there.

Whatever, I'm happy with this week and we still have time to close another couple of trades before it's over.

OUCH!
Dax now 10,354 and i reckon you must have dealt at a fair bit higher than that

Loving this as I still have a very old 6 trade ring fenced short series open with a T/P of 10231.8 (see member current T/P link above).

It really isn't important Cynic, because whatever happens I only get my £100 when the trade closes.

My level 3 long is now likely to open at 19:15.

Bunny - I hope it drops and rescues you, but it's Omar's short that I'm concerned about. It's not like him to go off without telling us, so I just don't know what to think.

Hello all, thread has certainly been busy, but I only found out if I login and look at the thread.

Really would have liked a thread email alert option to exist in MAM as in ADVFN. Maybe should put it to them on the enhancements thread.

Ken, just noticed you have also joined Cynic's posh brigade ! Spill the beans...how did you do it?

Edit: Bunny is half way there as well !

Ken,

thanks for your concern, i still need 10017 and 9351 to close my both short ring fenced series. I have three longs just like you in my third series.
Also the ftse shorts still open.

Got it on that initial 7am spike down Ken.
One of the 6 ring fenced trades goes back to July, which just goes to prove that you do need to be patient sometimes

I'm pleased to see that we haven't lost our friends JR and Omar.

Well done Bunny.

I don't know how you guys can sit and watch those 'ring fenced' trades, knowing that the market may never return to the level you need. I suppose you just sit and hope that your winners will cover the losses.

It's very unlikely that we'll open another long in the next hour or so, but we may well be starting a short series about 10:15.

It's dropping again now, so perhaps you should ignore the last line in 209.

Your thoughts please guys.

As the number of open trades in a series increased, the difference in the T/P's reduces in proportion, so with 5 trades open the difference in the T/P for 50 points as against 40 points is only 2. Do you think it's worth asking Ivan to change the EA so that it allows the T/P to be changed by a chosen amount (say 2 pts) each time a trade is added?

i don't understand the question
however (a) it is the last trading day of the month and (b) Dax will react according to the perception of whether or not deutsche bank will actually fold