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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

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

Sorry Cynic - The question wasn't for you, it was for Bunny etc.

I wrote Omar, but I meant Ivan: he's the guy that did all the Somnus programming. It's my age that's the problem, sometime I have a senior moment. Perhaps it's best to just ignore me.

Can you not just turn the bloody thing off Ken? You may as well at times like this and trade manually. Or if in doubt stay out? The amount of time spent fiddling with it sort of defeats the object don't you think? Sorry, don't want to sound negative but unless you have a portable loo daren't leave your screen. :0)

Chris - Why would I want to turn it off?

I take it you trade manually but I reckon a ROE of 100% in a year, is a fair return. I asked Cynic what sort of return he gets, but he wasn't prepared to give me an answer. Perhaps you would be willing to tell me yours.

Ken, no where near 100% return, but I am not a full time trader.

from what i have heard, most full time day-traders don't last long ..... ken is clearly one of the minority and pretty good at it ..... however, i have a feeling that his returns are a bit distorted as it seems he very rarely crystalises any losing positions

anyway, more power to his elbow, and certainly this is developing into an interesting thread

my 4th trade opened @ 10237.5
about the 2 points , yes Ken i go along with whatever you think,

oomar - long or short? .... i'm doing nothing, but my inclination would be to expect a bounce

Omar - I don't propose actually doing it, but it's something we could consider adding next time I have Ivan working on the EA. Having said that I was hoping I wouldn't need to have it changed again, as it's working pretty well now.

I'm not going to at the moment, but there's nothing to stop anyone changing the T/P setting as trades are added. The question is, 'is the extra £5 worth the trouble'?

Chris - I'm not a full time trader either. I retired when I reached 80 and I've got nothing better to do now.

I think you'll find that this is the only thread on the internet that posts every trade (good or bad) and provides all the details. Most just say something like 'I made a killing today or I made 20 points on my FTSE long'. They seldom mention the losers.

cynic,

the 4th trade is long.


Ken,

you have made another mistake with my name in post 220.

Sorry Omar - But don't worry, I won't ask you to update the EA for us.

At 10:15 the initial short signal surfaced so we know what the next trade will be. It's now just a case of not knowing when it will open.

Our lady friend will know what to do!

Ken I am out most of today but just a quick response to your suggestion.
I do not think it worth doing, there are too many variables already we don't need another one.

Somnus is a geezer as i told you before :-)
if a girlie, would have been Somna

OK Cynic - But I still think she must be a girl, because she's always right!

Either way she's now opened a short and whichever way we go from here, we close a trade. I just hope the US moves the market enough for it to be today.