Special Notices for George IV - 2009
I have not posted here in a while as I am on vacation this month, if that can truly be possible when you run a business, but it's more of a vacation than my "vacation" in August. Anyway, while the markets remain fairly congested, we are up about 9 pts in ES so far this month. Things in YM are tougher. This has to do with the fact that YM is a futures contract for a stock index that consists of 30 rather stodgy stocks, and so its volatility is bound to be lower than that of ES, a futures contract for a stock index that consists of 500 relatively dynamic stocks. Unless volatility returns, trading this system will remain slow; for instance, so far this month we have had only 2 trades in ES and only one in YM. I believe that during these days of reduced volatility, the optimal way to use George IV for trading YM is in conjunction with KING.
I can't believe we have again managed to squeeze some profits out of this silly constipated monkey, formally referred to as Mr. Market. Expect to see soon headlines like: "Mr. Market raped again. Police helpless. Serial rapist on the loose. Arrest warrant issued." He always does it. Whenever he loses, that is. Whenever he loses, it's always a crime against humanity. He is big time into spinning things like that.
This is one tough congested monkey, but thanks to some recent modification we are handling it okay. I just wish I introduced it a bit sooner because that would have made last month much better too. But, hindsight is 20/20 and I don't adjust results after the fact as some do. Well, no one is perfect, but it's the fact that some of those bozos can charge even $975 for something like that that really gets me.
Another sucker rally, but this time we were well prepared and managed to protect ourselves from the decline. Yes, Mr. Market, the days of easy wins (for you) are pretty much over. You have to try much harder, but even then, we both know that you are just an old fart that can't do that much...
Another good day and after the most recent adjustments to this system sent out just yesterday, I believe we are on the right track to profits for the rest of the year. I don't give up so easily. However, YM remains congested. That's the way it has been for quite a few months now. Hopefully, things improve this fall. If not, I may need to make some adjustments again.
Two sucker rallies, the one today particularly painful, robbed us of our monthly profits, but overall the losses are pretty marginal and I am going to institute a mechanism to prevent this kind of highway robbery from happening in future. I will also add a new kind of trades to capitalize on the lower volatility we are experiencing these days, so if these changes will not turn this system into a Holy Grail, then nothing will. So yes, Mr. Market, you are doomed again. Buy yourself a beer, dude, because that's the last beer you will ever afford. Watch me! These weak rallies reflect the fact that the trust in the long sought economic recovery is far from overwhelming, and the summer time with lower volumes certainly does not help these rallies either.
We came very close to an excellent trade two days ago (in YM). Alas, this was only close, but no cigar. Fortunately, we had no such problem today, posting 6 and 60 pts wins in ES and YM. That's the second trade in ES this month and the second winner. We are over 10 pts for the month in this market and doing pretty well in YM as well, so this system is definitely far from being dead.
It's always good to start a new month with a win and, fortunately, this happens quite often with this system, so let's hope that more days like that will come this month after the very congested price patterns in June. I will soon be offering a July 4th special for George IV, to commemorate the birthday of this great nation, so please stay tuned. Foreigners are welcome too, unless you are anti-American. Meanwhile, please check out a July Fourth special for KING.
It's been a pretty tough month so far, but we can still win it. Considering how shaky and totally lacking direction the markets seem to be, we are doing pretty well. After today's win, we are only one more win away from the positive balance in ES, and only two good trades away from the same in YM. Unfortunately, the previous trade was one of those really sadistic acts of Mr. Market, one of those things he is so well know of. Namely, we got stopped out on the lowest tick of the day and right after that the market surged to close some 5 pts from where our stop-loss happened to be. It wasn't a good trade, it could have been easily dismissed as poor by a good discretionary trader for the same reasons as the last trade in April. Well, I may make this a new rule in the upcoming update.
We came close to a trade today that would have been a loss, but we avoided it again. However, this was a borderline type of situation and a more confident trader, especially with KING credentials, would have acted on what the system indicators were telling him, even a little before the entry proper. That's one of those things that constitute the added value of this system and something that I plan to elaborate on a bit more in a special document called "Suggestions" that is in the works. But I probably won't release it until the price of George IV hits $300, which is not that long away, I think.
We avoided a very bad entry today that would have resulted in a loss in the past had I not made some improvements to the system over last year, effectively eliminating one type of entry that was causing problems due to a significant increase in volatility. At least, in ES, but this is the original trading vehicle for this system and I tend to focus on it in these notices. The fact that this system works so great for YM (five winning months in a row!), even though it was not really designed for it, it's a great bonus and a pretty solid testimonial to the system flexibility. Incidentally, I have not made any modifications to the system since basically last year, perhaps I will in future, but I see no urgent reason for that at this point. What this means is that when you buy this system, you buy it knowing that someone takes care of the system performance and modifies it to make sure that system performs as best as reasonably possible. And it does.
And that was yet another nice one. Who says this system can't make money? And how stupid is that, anyway? We also jumped through " the magic line" that George II uses for its entry, which is usually a good indication that things are really well aligned, which is why I have been recommending George II to those trading George IV for some time now. And right now you can even get George II free with your purchase of George IV. When you get bits of sound ideas like those encapsulated by George IV and George II you get yourself a solid trading foundation. Then you can trade like a king. Or just like KING. One of the major reasons why so many do not succeed at this business is because they are really not interested in laying a solid foundation. They just want to trade! Yeah, let's just trade! Woohoo! Needless to say, the consequences of this are not so hard to predict.
I have some really good news to tell you. First of all, this month we made money in both markets (ES and YM), and what's even better, May was the fifth consecutive winning month for this system in YM! And one more piece of information that you may want to know to act on: the price of the system is going up in June...
Yes, Victoria. That was awesome. I agree. Yet another winner. I am totally speechless. I am, like, without speech... Okay, I am not. I am used to it, already. In fact, this is one boring system. It just keeps making money, and making money, and making money... It's totally boring! And then that loser, Mr. Market, keeps threatening me with his lawyers saying that what George is doing is illegal, although they have yet to figure out how. You can't believe how tough your life can be when you are a developer of a really good system. Really...
And he tricked us again. Again in ES. We came very close to a very good trade, but one fine condition was not met completely by the entry time and so there was no trade by the book. But this condition was met shortly after the entry and it was possible to re-enter at the same or even better spot before the target of 6 points would eventually be reached. Well, once again, sometimes small things can have a big impact, but that's the nature of the markets. They are non-linear and this type of behavior is a hallmark of non-linear systems. What this means is that even small changes in the input can produce big changes in the output. The butterfly effect, often invoked to illustrate the chaotic behavior, is a familiar example: a butterfly in Texas can cause a desert storm in the Middle East by simply flapping its wings; a small disturbance in the weather pattern caused by the butterfly can have a devastating effect on the weather somewhere else. At least, this is possible in principle. On a more positive note, we got 60 pts in YM, so it wasn't a day totally wasted for those trading this system purely mechanically.
He tricked us. I mean Mr. Market. We came very close to a trade in ES, that if entered at the right time would have produced a sound 6 point profit. The thing is that while the conditions for the entry at the entry time were all finely met, some condition prior to the entry (which I think may be too restrictive) that determines the strength of the trend bias was not met and so there was no trade if you were to use this system in a purely mechanical way. With a bit of discretion applied, you would have squeezed out another 6 pointer. Well, I sense that tonight this old bastard is going to brag to his trophy wife how he has fooled George. Yep, that's the only way he can avoid losing. By gimmicks. On the other hand, I take it as one more evidence that the system is sound even if not perfect.
The second trade of the month and the second winner. Despite all Mr. Market's stupid posturing, bluffing and puffing, typical of old geezers with trophy wives and other pedophiles (the rhyme not intended), we ended up on the giving end. In both markets, although only in ES we were able to claim the full profit of 6 points, while in YM we came several ticks shy of our coveted 60 points, but ended up with a smaller profit. Still, 20+ points is not so bad, either.
One of those days when you could have made money using the system ideas that indicated a strong trend bias from the open confirmed by the bounce from our favorite moving average. Right after this bounce, the market resumed its upward trend. A few of my more creative clients told me that their trading has improved quite a bit after they had incorporated George IV ideas into their trading strategies. In fact, George IV ideas are also useful to those trading KING and so no wonder that George IV's indicators are fully disclosed to them.
Who says that this is a bad system? What are you stupid? We added yet another 6 points to the total profits in ES, despite Dow being a major drag on the overall market. And a bit more in the 18 point category. And we even made some tiny profit in YM. If 10+ points can be called tiny...
We squeezed out a tiny profit in both markets despite rather poor entries. Remember, today was a Fed day, so the exit was sooner than usual. I don't expect another trade tomorrow, so we are closing the month with wins in both markets and in both target categories. This is also the fourth winning month for this system in YM in the 60 point target category this year, and the third monthly win in ES in the 6 point target category. Life is good. Ask Bill or Rob, if you don't believe me...
If you did not wet your pants today while trading this system, that's because you did not have your pants on! That was one of those roller coaster days. First we get a few ticks shy off of the 6 pt target, then a big swing takes us all the way down near the 9 pt stop-loss, only to have Mr. Market punished for being too greedy. So George IV 1 - Mr. Market 0, and I bet this loser will be all over TV tonight saying bad things about George. That's a regular pattern now, folks. First he tried to sue George, now he is conducting constant smear campaigns on TV and the Internet. He just can't win! This was the fourth win in ES since the last drawdown of two consecutive losses that could have served as a good moment to start trading this system. Unfortunately, we did not get a signal in YM today, but sometimes it is ES that we do not get lucky with a signal, so now we are about even.
Another excellent day in both markets and in both target categories. Had you started trading this system after the recent two consecutive losses in ES, you would now have been up 18 pts in the 6 pt target category. This may not be the best system on the planet, but for only $250, it is definitely one of the safest and easiest to use systems you can buy. At least, as far as truly mechanical systems are concerned. In fact, I do not feel comfortable using the name "system" for something that involves discretion because something like that cannot be uniquely examined in a systematic way. I have a bit higher standards for what I call the system. There is nothing wrong with discretion per se, but if you are a beginner you may be frustrated seeing that your results and those "achieved" by the vendor are widely different. Which is also the reason why I prefer to offer KING to those who sound like they are comfortable with discretion. At the same time, I think George IV is a very fine system for everyone.
Yesterday was one of those days when the system called a trade in YM, but did not in ES although it came very close to doing so. What do you do in a case like that? Well, quite formally, since George IV is a mechanical system, if you want to trade it by the book, there is nothing else you can possibly do. In fact, it's better not to do anything but just to follow the system pretty much to the letter. But that's just one way to trade. Another way is to allow a bit of discretion and consult how the system works in the other market. Had you done so, you would have pocketed an extra 6 pts. And there is yet another way to improve your trading decisions in ES. Namely, by consulting George II. Yesterday, that ugly dog made off like a bandit again, scoring over 10 pts on a trade that was called in the same direction as the one in YM (or a possible trade in ES). That's one of the reasons why I recommend George II for those trading George IV. That is, to enhance your trading decisions if you decide to allow a bit of discretion. Plus, George II is really an amusingly simple system. Alternatively, you can blame your poor luck in ES on Mr. Market whose meanness is well known and requires no further comments. Except that doing so too often will make you look like a loser, so it may indeed be a (much) better idea to get George II instead. Incidentally, we made 60 pts in YM on that yesterday's trade and we are close to 100 pts for the month in this market. After 3 winning months this year already...
After 3 trades in YM so far this month, we are doing fine in the 60 pt category as two of these trades have been winners. In ES, we have been less lucky as the first two trades this month turned out to be losers, but the following two delivered profits, in both the 6 pt and 18 pt category. In the latter we are doing a bit better so far this month. One should add that the second losing trade came only 2 tick away from the 6 pt profit, so we got really unlucky there, but sometimes Mr. Market is just like that. Mean, that is. On the other hand two losses in a row (three is even much better) is what you want to have before you start trading this system. Had you started like that a few days ago, you now would have been up 12 pts in the 6 pt category, not only recovering your investment in this system but also pocketing some extra money for your dog or cat or some other significant one. And that with only 1 ES contract.
We added two more wins and one loss since my last notice here, that is in the 6 pt category of ES. In this category we are holding over 20 pts for the month, quite comfortably over 20 too. We have not been so lucky in YM, but we are still above 100 pts in the same category. These are the most recommended target categories for this system. But we are up also in the 18 pt category, in both markets, so the system has definitely delivered this month and it is highly unlikely that these profits will decrease considering that there is only one day left for trading in March.
The rumor has it that Mr. Market is planning to sue George IV for ruining his sex drive, then his sex life, and then his career. Well, it is our policy not to comment on rumors, but it is certainly true that George IV delivered another punch today. Whether this punch will indeed impair Mr. Market's sex drive is none of our business. On the other hand, why should we even worry about it. Unlike George, Mr. Market can always get bailed out. He is simply too big to fail! And you know what? When even that bad dog George II is beating Mr. Market (by the scorching 35+ ES points today), I am not in the least surprised that Mrs. Market wants her own bailout too. From that sorry loser, that is!
Mrs. Market called me today to ask if George is really as bad as her husband makes it sound and whether she should dump that old loser for good. Well, I could not answer the latter question (I am just a humble trader and not some degreed marriage counselor), but my answer to her former question was a resounding "yes." So perhaps she will not dump that old loser for good yet. Yes, that means that Georgie boy humiliated Mr. Market again (in both markets) and since it was the fifth time in a row (in the 6 pt category), no wonder that Mr. Market's relationship is suffering. Poor soul. Still a loser, though...
My, my... it turns out we squeezed out another 6 pts from the market in ES, so that would be 18 pts for the month already! Our love fest with Mr. Market continues. Even that bad dog, George II, joined us in the festivities, the festivities in question being kicking Mr. Market's butt. Guess who did not join us in the festivities? Well, the usual suspect, Mr. Market himself. He says that it's kinda hard to kick one's own butt. Yeah, really? Now, let me tell you something: that's a typical lame loser's excuse, pal!
Yet another good day in the market in the 6/60 pt target category for ES/YM, so looks like we are doing well this year too. I would not say this surprises me, but considering that Mr. Market can be quite mean at times, it's good to see that he is behaving himself.
February was not that bad either. We made over 150 pts in YM and lost only 6 pts in ES, but that's really nothing compared to 27 pts in ES in January in the same category of 6/60 pts, which is our main category in ES/YM. And we started March with a solid win in both markets too. Life seems good...
This magnificent bastard has delivered again. Nice job, Mr. Market, really nice job. We will buy you a dinner this weekend. So you don't starve to death, you loser! This has been an excellent month in both markets. Let's hope February is at least as good as this one.
Sweet, Mr. Market. Just sweet. One of these days, we will buy you a beer. Two trades today (a very rare event) and two winners in both markets. Yep, we know why you can't afford a beer, you loser!
The forces of good (meaning yours truly and his clients) have won yet another battle against the forces of evil, lead by Mr. Evil himself, AKA Mr. Market. Suck it up, dude! Yep, yet another great day, the fourth win in a row in the 6 point target category, and the third in a row this month, in both 6 and 18 point categories. In the latter we are nearly 30 points up for the month. Not bad, not bad at all. Things are good in YM as well, where we have posted 3 winners in both categories this month as well. So whoever says this is a bad system must be of one of those losers from Mr. Market's team.
Another good day, we got our 6 points easily, crossed 12 points easily too, but then we closed a few ticks shy of 10 points in the 18 pts category. Obviously, this Evil Bastard, AKA Mr. Market, will always try to shortchange you. By the way, do you know that Mr. Market is the real father of Bernie the Great Con, AKA Bernie Madoff? Maury Povich has recently revealed it on his show. And he can be trusted, right? Yeah, what a surprise. Like father like son. Anyway, things are pretty good even despite these people...
That would be a brilliant start of the New Year. Well, almost... The thing is that although we did touch the 18 pt profit mark, we did not penetrate it and so I cannot honestly claim it. Which does not change the fact that most other vendors out there would, but that's why I am different. I claim only 10.75 pt in the 18 pt category. I am a trader and not marketer, first and foremost, and so this kind of creative accounting, which virtually everyone in this business subscribes too, is not my thing. I know when a profit is a profit as opposed to pure baloney. Obviously we did score in the 6 pt category too, the one Bill is most interested in. And we did well in YM too. I think 2009 should be as good to George IV as was 2008.
Disclaimer: HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS UNLIKE AN ACTUAL PERFORMANCE RECORD. SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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