Guy Cohen Flag Traders Review - Independent Bull And Bear Flag Chart Patterns Trading Course And System Review By Alan Hill

I came across this unbiased Guy Cohen's flag traders review article from on Guy Cohen's stock trading course package using bull flag and bear flag chart patterns. You can make your mind up together with my review /recommendations on Guy Cohen's stock trading courses

I agree with most of these reviews, but not sure about the 10 cds as there are only 8. May be he had a special review package or could be a typing error on his flag traders review article.

Read through the following flag traders review and make your decision on Guy Cohen's flag traders course and flag traders system .

If you can't wait, you can click here to go straight to Guy Cohen's flag patterns trading course.

Guy Cohen Flag Traders Trading Course And Flag Traders System Review

Guy Cohen's New Automated Trading System by Alan Hill in Day Trading (submitted 2009-02-23)


vote From the desk of Alan Hill - January 2009


My name is Alan Hill and after many of my financial investment clients have contacted me to ask my opinion of some of the courses available, so, I decided to have a look at some of them and this is the start of this process. Having made a lot of money in the area of financial trading over the years, I have built up a loyal following of people.

Now, I have been pursuaded to look at some of the best systems on offer in the market and to actually trade with them and give my views about what I think.

This is the first system that I have tried - it is what is reported by others to be the best system in the market - it is Guy Cohen's Flag Trading System. I will pull no punches - I have reviewed this honestly and so you can make your own mind up given my trading with his system. If you just want to go directly to his site, you can find him by visiting....
However, before you go there, read about my experiences in trading this system and see what you think.

Summary of the Flag Trading System

After his considerable success with his Illuminati Trading system, Guy Cohen was asked by some of his delighted students if he could make the system quicker and easier to learn whilst still making the huge profits that the system had been making.

After a hectic and exhaustive production and testing phase - the new system was labelled as 'ready' and as an experienced trader of long standing, I was asked if I would test the system. I agreed to do so but only if I were allowed to test it with no censure of my comments. This was agreed and so here I am.

The product arrived - what had I let myself in for? I have to say that as I was reviewing this product at the outset - I was a little surprised at reading in Guy's sales letter on his site that he was making thousands each month by just tapping a few computer keys for 20 minutes each day.

Well what did thousands mean; dollars, pounds sterling, YEN? If the latter was the case, then thousands might be the cost of a loaf of bread. This said, I acknowledged that I was being a little picky here.

I must confess that having spent years studying trading in all kinds of markets, I was sceptical about whether or not a course of this type could possibly teach a complete novice how to trade in less than a month, which is what was claimed by Mr Cohen.

When the course arrived I unpacked the 10 CD's and the software and I flipped through the instructions - phew! Did Guy's sales letter say 'Easy'?

I also had to admit that there wasn't much in the way of written material - Guy has put most of the information into CD/DVD files so you get to see him doing his stuff rather than reading about it.

So who is Guy Cohen anyway?

Well Guy has been making money for his clients for over 20 years and some of these clients are huge corporate financial companies and household names and they form an impressive list.

He has taught students all over the world and for the last 12 years he has made his income full time by trading himself in all areas including commodities, options, futures, currencies and equities.

Guy's trading and teaching methods are so well respected that his client list includes New York Stock Exchange Euronext, (the biggest stock exchange in the world) and he has given exclusive training sessions on trading all over the world including the US, Europe and the Far East. Try as I did to find some holes in his credentials, I simply could not.

This is a guy with an impressive track record and whilst I usually refrain from using the word 'Guru', I would be happy to allow myself to use this term in Guy's case.

I already knew about Guy's prowess on the UK and US commodities and forex markets and he is indeed legendary, but other than having read a few notes that he wrote a couple of years ago, along with a book or two that he had written, I had not actually worked with him until now.

Guy has written several best-selling trading books and these are serious investment works that are considered essential reading on Wall Street and in MBA programs throughout the world. They've even been translated into several languages including Mandarin and Indonesian!

So, I came to the conclusion that Guy knows a thing or two about trading.

Some of the best aspects of the Flag Trading System

Before I get into the main meat of my review let me just briefly cover what I think is a particularly strong aspect of this new product.

Over the years I have had some great successes. This said, I could have made much more money than I have done and the main reason why I have not is that I just don't have enough time to trade seriously.

I don't invest or trade for a complete living and so I cannot keep my eye on the ball. With this system however I found that most of the features are automated and the clever software tells you; when to invest, what direction to invest (long - going up or short - going down), which secret indicator predicts the market and how long to watch it for.

I am left wondering how much I would have earned over the years if I had been able to use something like this.

To achieve this automation, Guy has devised an amazing 'Trading Flag' which I have never seen before in this format and this is a totally new way of looking at complex data with a simple indicator system.

This 'Secret Signal' is the main difference from the hugely successful and accurate 'Illuminati Trading' course that Guy did a while back. Guy's 'Secret Signal' is found by using the automated software which comes with the package.

This provides a huge step forward to what has been available in the past. For me and anyone else who does not want to spend hours a day monitoring figures, this is just a dream come true.

Don't worry though, if you are the sort of person who loves the tediousness of doing this manually, Guy tell's you how you can do this and how you can disable this aspect of the software, but for me this 'automation' was a major positive point.

How was Guy's effectiveness in relation to promises he made ?

I have to say that even given my grave doubts as to whether or not this type of material could be easily and quickly taught to students - on balance I think that 90% of people could follow this course and be trading well within a month.

However, this cannot be achieved without some sort of commitment on behalf of the student, I suppose that a course has never been made which will allow a student to learn without at least some effort on their part.

In his sales text Guy talks about one of his students taking his trading account from $10,000 up to $140,000 by just using his system. I started with a trading stake of $1,500 and after 30 days of 'small' trading my trading bank was at $3,950 (but I really was a bit cautious and I did not take all suggested trades).

I have to say however, that the bank had reduced at its lowest point to $850 and it took a little nerve to maintain my composure. I found that once a trade is moving - stop losses and stop gains are moved to 'lock in' gains without liquidating your position - quite powerful stuff really for such 'beginners'.

Now, this is an important point. I was able to ignore my in-built human worries because of my knowledge of how markets work but I have to say to any novice considering using any form of financial trading, if you cannot get to grips with the fact that from time to time your investment will be below what you started with, then think very carefully before becoming involved.

You need to be strong and it is this aspect which causes novice traders the most problems. If you can stay the course and be resolute, then you will undoubtedly earn money but if not, then give yourself a break and consider some other form of income generating opportunity.

For those who can combat this - you are facing a computer based money-making machine.

I did become a little confused at one point.....

At one point in the course I became confused about one particular technical point. I contacted Guy's staff and also asked on the forum of Guys 'Elite Inner Circle'.

I was very soon put on the right track and I didn't have another question after that. Chatting to the people in his Inner Circle - they were all complementary and they all seemed to be making significant sums of money - though I only have their word for this. I don't think however that they could ALL be making it up lol!

As I understand it, purchasing Guy's course entitles a new customer to be a pare of the 'Elite Inner Circle' and this will be invaluable to anyone who is worried about what happens if they get stuck with any aspect of the course.

The Flag Trader Sales Letter did make me a bit angry....

I have to say that I got a bit angry at reading Guy's sales letter. I am not a lover of long sales letters - maybe its because I feel that people are filling the space up with 'waffle' and unnecessary padding but I believe 90% of the claims that he makes are well argued and essentially true.

His attention to detail is remarkable and I could tell that the software is really something special. I think that what I paid for the course was a steal just for the 'Secret Signal' information and the software alone. With a small investment bank, I made enough to cover the course in 30 days which sounds reasonable to me.

It's just that long sales letters tend to annoy me and I get a bit frustrated, so this was a negative experience for me.

How could the product be improved?

The only thing I could think about regarding this system being improved is if Guy arranged for a pager to be provided with the system.

A pager once programmed could alert an investor to new trades and would allow almost 24 hour trading if required. It would also allow a position to be terminated if a trade was moving the other way - but then again that is what stop losses are for.

What questions still need answering

Having never traded using fixed odds betting, I feel that more could have been covered on this subject but in fairness to Guy - he had never professed to cover this in his trading system. I do feel that to make this system even better, it should be adapted to offer some sort of automated fixed odds betting.

My recommendation

I would recommend this system to anyone who is determined to make money from home using nothing more than a computer and an internet link.

Provided the mentality is not to make a fortune for no effort, then I think that anyone can take Guy's system and have money coming in within a month. This is always assuming however that the student has an initial stake investment.

Overall I would rate this at 4.5 stars which is the highest score from a trading system that I have tried and I have looked at many of them over the years.

Cost or Value?

As a young man someone once said to me "Alan, you are the sort of person who knows the cost of everything - and the value of nothing". Once I managed to work out what they meant I thought long and hard about it. From that time onwards I changed my thinking about cost.

Since then I have never said "that's expensive" when I have only been given the price. I look at the cost of something and I analyse what value can be obtained from it so I get a balanced viewpoint.

Some things cost cents or pennies and are very, very expensive because they deliver no value. Whereas some things cost millions but if they add appropriate value and so they can be remarkably cheap.

Guy Cohen's Flag Trader system is, in my informed opinion, remarkably cheap. However, don't buy it unless you are prepared to work the system - otherwise it will be remarkably expensive.

Suggestion for future products......

I feel that Guy should now look at other areas of trading and further automation and see if he can design and build a fully automated trading system which does not even need a human to interface with it. Still, this seems a bit 'pie in the sky' - so may never actually be possible.

You can find out more about this trading package by visiting Guy Cohens site which is at: Please keep me informed about your progress if you purchase Guy's trading course - I will post the comments on here for other potential customers to review.

I am particularly happy to post any comments (including any negative ones if you wish to make them) in the interests of ensuring that people are kept informed of what courses are producing the results and which one's are not.

Thanks for reading my review and I hope that his goes some way to helping you to understand a little bit about this trading course/system.

Kind regards

Alan Hill Trader, Teacher and Presenter

P.S. You can find out more about Guy's course by visiting....

About the Author

I have been studying and trying investment and trading systems for over 20 years. I do not work as a full time trader but I have always had a passion for wanting to know about what is available.

I am now looking to develop my profile on the internet and to help wannabe investors and traders to find their way through the minefield of courses, software and other gizmo's which are out there.

There are other Guy Cohen flag traders review, but the above flag traders reviews by Alan Hill seemed to be telling you exactly how he found it like the pros and cons.

As I explained on chart patterns page, you need to follow certain rules to become flag traders and be successful in trading those flag patterns. Some flag traders have made money trading these explosive continuation patterns, while some other flag traders lost money when the prices spiked up and down and they wonder why.

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In their own words, here are some of the recent flag trader course testimonials.

From Gimmepips @ trade2win forum

After exchanging a few emails with Guy, I decided to re-join Flag Trader, and within the first 2 weeks, I managed to find 8 good opportunities with the software, 1 of which lost, but the other 7 all hit the 1st profit target.

Most of them are still running, one was stopped at BE on the second half. One of the trades currently has over 1700 points profit running, which is over 1:4.5 R:R, which is not bad by anyones standards.

It took literally 30 minutes a day to find the trades, and make sure they tick all the boxes on my checklist.

The stocks the software found for me were;

  • MFC - Nice trade
  • UNTD - Ditto
  • VMC - Not great, but still profit
  • APOL - Hit first PT, stopped at BE on 2nd half
  • ESI - What a beauty, 1700 pips on second half running
  • LEAP - Loser
  • POOL - 1st PT hit, close to being stopped at BE on 2nd half
  • PLXS - 1st PT hit, running.

Trading like this is great when the markets are breaking out nicely and then trending, as these stocks have mainly done. Just look at ESI, shame they're not all like that one!

When I previously bought the system, I couldn't find many opportunities as the markets were swinging wildly, but to be fair, this is what Guy has said all along, and at the time he was telling me to be patient.

The key is that this way of trading keeps you safe (or out) when the markets are choppy.

This time around I was lucky to rejoin at a time when the markets are behaving nicely, and now I have a much better understanding as to how and why this approach can work.

So, not too bad a start, and I'm hoping it'll continue.

Here are some more testimonials from Guy Cohen's Flag Trader Inner Circle Member Area

Latest Trades

Hi Guy a quick update on where I am at present I have been fairly quiet until a couple of weeks ago when I entered 4 nice looking flags these took a while to take off but are doing nicely at present

  • LVS entered @ 1190 taken profits and still riding down
  • THO entered @ 1857 taken profits and still in with partial position
  • WBC entered@ 2085 this was a slow burner but over the last few days has moved nicely into profit not far to go now for first profit target
  • IOC entered @ 941 another slow burner still not quite in profit but going in the right direction and have tightened my stop up.

Last Monday I did a search on Flag-Trader and of the 300+ stocks I found just 4 lovely looking patterns and these are the results

  • HOG –entered @ 2390 profits taken and still riding down no pun intended!!
  • ENR –entered@ 5620 again a beauty 1st profit target hit today may have to exit due to earnings
  • REG – entered @ 3917 1st profit target hit and still in the trade
  • PII – ENTERED @ 2911 Approaching 1st profit target

To anyone who is finding it difficult just keep with it because this has to be the most powerful opportunity I have seen in 20 years and probably one of the most simple.

My starting bank was £5000 and it now stands at a few quid short of £19000 using just 3% of my capital per trade."


Profitable Trades

"I would like to thank you for the incredible tools Flag-Trader has given me. In the past, I have lost several thousand dollars on large trades that went wrong, so by comparison, investing in Flag-Trader was an easy decision to make, taking into account I am now making a significant number of profitable trades."

Flag Success

"This is just to say that I bought a put on MGM invested $5,500 and sold it a week later for over $11,000. I am truly enjoying trading flags all thanks to your genius self. Keep up the great work."

B. Dhillon

Privileged Flag-Trader

"I feel privileged to have become an Flag-Trader. I now don’t worry about the direction of any stock that I trade and I don’t have to be glued to my screens every day.

I literally just log on and scan for the best opportunities at the best times and only select the very best of the best … to devastating effect! I’ve stopped over-trading and I now look forward to trading without pressure as a result.

I still have my main job, and use my Flag-Trading to generate another substantial pot on the side. In the last quarter cycle my broker must have thought I had a complete transplant as I was trading a completely new style to before … and with completely different results!"
J. Muller