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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

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.

Yup, cynic is spot on...

Who was Somnus

even the greek equivalent - the romans "stole" their gods from there - was a bloke (hypnos)

somnus seems to a classic stockbroker ..... sometimes right and sometimes says buy when sell was meant and vice versa :-)

currently, Dow is shrugging off fears about DB and Dax has recovered a good lump of its poise
however, all can change in a flash as we all know to our cost

I've told you, Somnus is a girl as far as I'm concerned because she's always right.

I note that you haven't mentioned Somnos so if there's uncertainty about how to spell it, who knows? Now lets make some money.

Ken, just hope the DB problems do not cause another GREXIT type scenario.

JR - I haven't been keeping up with the news this morning, but if they do announce something over the weekend it will only open one trade and we just could still have a short open.

Who knows where we'll be tonight anyway. You can only check the history, you can't check what's going to happen in the future.

i note that uncle sam is hitting db, barclays and some american bank all at the same time to rake in $billions in very short order

i'm sure there will be much negotiating at gov't level though of course it would be strenuously denied

At the moment we're sitting right in the middle between our T/P's, so it doesn't really matter which way it goes.

I'm sure the US will close at least one trade for us today.

Ken - Re post 221, absolutely. Respect!

Will the new short open first or will the long close first, that is the question!

14:15 should provide the answer.

with Dow already up 100+ Dax is being dragged with it and is now barely down on the day

Cynic - My long closed at 14:27 and I think Bunny got his 50 points as well.

I'm just waiting for the level 2 short to arrive, which it's bound to at some time later.

i have a couple of Dax longs running too
looked pretty silly first thing, but now the larger one is now back in the money and i've set a limit as i'm driving down to bath shortly

We seem to be on track to open the level 2 short in about 15 minutes.

Is anybody still long here?

The above message tells you how much I know. A hundred point rise in 15 minutes and it's still going up.

I'll be FLPT made a killing.

when are we going to open the second short trade in series Ken????

I give it 10 minutes Omar and then we'll raise the T/P to something more achievable, but we'll still need about 140 points correction to close.

With 2 trades open perhaps DB will go but over the weekend, but I doubt it.

News came out that DB may settle for around $5 billion, which probably explains the extreme 100 point rise in 15 mins

German Bank Holiday on Monday.

Yes you're right Chris, I'm afraid I forgot but I'm entitled to a day off so I'll take one myself.

The level 2 short is now open.