4 month results after using Andrew Mcguire service

[anastanast]

Yeah, that's why i started small for a few months then scaled once i saw solid progress and got a handle on what he's doing.

He's was trading for big banks like Goldman and JPM for 30 years before he blew the whistle on them and went out on his own, so safe to say he knows more than most of us. The guy is in his 60's..

You mentioned risking "40 cents" - I've actually never seen one of his stops set to worse than risk @ .20 and most are "stop to entry price".

When he loses it's only broker's commission lost or worst case 10-20 cents but the wins are anywhere from $3 - $20...
So risk/reward is skewed highly in his favor.

Will continue to post progress whether good or bad.

When does is trading take place? That is what hours and time zone?? Thank you

[pino]

Someone asked me to post when i took some money out of the market..
Bought 11 of these krugs,eagles and maples last week with less than half of last month's earnings..

Trading 10 contracts now with income of $40-60k/month.

Hi. Congrats on the profits. I tried his service for 1 month but found most of his trades occurred in the wee hours of the night (USA Time). Congrats on your success, but I'd like to know if you are based in UK/Euro area or the US?

Thanks,

[Ebie]

It wouldn't work. Even if GLD wasn't a dog, it doesn't have the leverage.

??
I don't understand.
Buy on margin if you want leverage...

[lhslancers3270]

Yeah, that's why i started small for a few months then scaled once i saw solid progress and got a handle on what he's doing.

He's was trading for big banks like Goldman and JPM for 30 years before he blew the whistle on them and went out on his own, so safe to say he knows more than most of us. The guy is in his 60's..

You mentioned risking "40 cents" - I've actually never seen one of his stops set to worse than risk @ .20 and most are "stop to entry price".

When he loses it's only broker's commission lost or worst case 10-20 cents but the wins are anywhere from $3 - $20...
So risk/reward is skewed highly in his favor.

Will continue to post progress whether good or bad.

As I said good for you hope your luck holds out. You have to be buying selling many many multiple contracts and scalping for not much more than you risk. Even if you had told me he risked 40 cents a trade when Gold was trading under 500 bucks I would have a problem believing this. At current levels I highly doubt it is possible. Does this guy trade more than once a session or does he make his buck or so and wait till the next day. I'm not saying you're lying but I find this very hard to believe.

[creep276]

As I said good for you hope your luck holds out. You have to be buying selling many many multiple contracts and scalping for not much more than you risk. Even if you had told me he risked 40 cents a trade when Gold was trading under 500 bucks I would have a problem believing this. At current levels I highly doubt it is possible. Does this guy trade more than once a session or does he make his buck or so and wait till the next day. I'm not saying you're lying but I find this very hard to believe.

ihslancers,
Sometimes 10 trades a day but i'd say average is 4..
On the other stuff.. I just know he uses his own proprietary indicators and ive seen him call short term peaks and troughs almost daily. Maybe the guy is just lucky.. Dunno..

[Air Garcia]

just a little info on Andrew Maqudire (AM).. for the couple of doubters that don't think this is for real...

http://en.wikipedia.org/wiki/Andrew_...whistleblower)

I really thought that everybody involved with the metals market knew this info, but as the initial author of the thread stated, this guy worked for GS for 40ish years. He's not a newb nor a fraud or a theif ... He's on KWN often (although I can only take that site in small doses). He trades in London so the hours are tough to get a grip on, but the service was conceptualized after AM got sick of the big boys BS'n their way by making the big bucks and sticking the little guy. Therefore, he became a whistleblower - he wrote this big email detailing - and i do mean detailing - to the hour/minute of what was going to happen when to the powers that be on what day (http://www.gata.org/node/8466/). And you know what - the events continued to happen as indicated by his letter PROVING the conspiracy.

Shortly after that he and his wife were involved in a mysterious hit and run - and by shortly - i mean the very next day. You can read that on his wikipedia page.

So, long story short, what AM is doing with the service that I learned about on tfmetalsreport is to stick it to the man - the man being GS and JPM, et al. by taking the game to them and earning as much fiat as possible and hopefully the good participants will know enough to take their fiat and convert to PM's. The converting to PM's removes metal from the system which we all know is leveraged 100+ to 1 so less actual phyz in the system will hopefully bring the monster down more quickly- in turn GS and JPM.

That is the philosophy of AM's service that he offers - "hey, i know what these bastards are up to, pay me a fee, watch me trade IN REAL TIME, do what I do - let's defeat these bastards."

His generosity - granted you pay him $100 for the first month, $500 thereafter - is rooted in a very selfless spirit that helps the member, helps him, helps the community and screws da' man.

Yes, this is my first post and I just joined so nail me a neophyte that's not welcome to your little pow wow and i'm not worthy to comment yada yada yada, but I had to write this to clear the air - I wish one of ya'll would take some of the newbies under your wing and do what AM is doing here and instruct others in the fine art of trading GC futures contracts as AM is doing you. I mean, if the newbs gotten this far they've obviously gotten a trading account and have some knowledge as to what is going on with physical, and options and futures, but maybe just don't know the intricacies of it. Together we can crush the system. Together we can win - and the more of US against THEM - all the better.

Look, i don't know Creep276 from Adam, but I believe his story - 100% - only a total douche bag would lie about it. I mean, reading his progress from 1 contract to 10 - and those 11 beautiful rounds sitting on his machine - count me envious and wishing I could do that also... I listened to the initial podcast where AM and TF announced the service way back when knowing it was going to be successful and creep276 is proof - and i'm sure there are others out there that are succeeding also.

[<SLV>]

Someone asked me to post when i took some money out of the market..
Bought 11 of these krugs,eagles and maples last week with less than half of last month's earnings..

Trading 10 contracts now with income of $40-60k/month.

J E A L O U S. You've got me thinking...

[Goldhedge]

Yes, this is my first post and I just joined so nail me a neophyte that's not welcome to your little pow wow and i'm not worthy to comment yada yada yada, but I had to write this to clear the air - I wish one of ya'll would take some of the newbies under your wing and do what AM is doing here and instruct others in the fine art of trading GC futures contracts as AM is doing you.

Me thinks you've been hanging around the wrong boards...


Sure, we can spot a BS'er within minutes, but first they have to BS us. So far, I don't sense any.


Oh, and Welcome to GIM2! Hope you like it here. We do...

[anastanast]

Anyone know for sure what hours he does his trading??

[Air Garcia]

Me thinks you've been hanging around the wrong boards...
Oh, and Welcome to GIM2! Hope you like it here. We do...

I guess i'm a little gun-shy. I apologize for generalizing - somebody got chomped early in this thread and labeled so I just assumed I would be the same.

Thanks Goldhedge for the welcome, I do appreciate it. I lurk your board longtime and finally decided to jump in.

[creep276]

Hi. Congrats on the profits. I tried his service for 1 month but found most of his trades occurred in the wee hours of the night (USA Time). Congrats on your success, but I'd like to know if you are based in UK/Euro area or the US?

Thanks,

Living in States and EU both.. No prob for me working late nights when in states though..

[<SLV>]

Creep --

1. How do you get his trade information -- is it actually "real time"?
2. Are you trading on margin? If not, how is it leveraged?

I think you are wise to start pulling out half of your profits each month now that you are bringing in serious cash. Sounds like you are operating with a solid plan.

[Eat Beef]

??
I don't understand.
Buy on margin if you want leverage...

You don't understand the mechanics of the two markets. The best leverage you can get with GLD is 4:1 (you probably can't get that), with GC it's more like 40:1.

I have no idea how an entry works with stop at breakeven. Even at .20 you're going to get stopped out A LOT.

[RunningScared]

I want to do this.

I'm waiting on some bullion to come in (just shipped), so that I can immediately sell it back to help me get the recommended $20K for starting out.

Is anyone willing to help me? I really feel I can do this. Mostly I just need help getting started. Ideally I'd like to start trading the first week in September.

[creep276]

Creep --

1. How do you get his trade information -- is it actually "real time"?
2. Are you trading on margin? If not, how is it leveraged?

I think you are wise to start pulling out half of your profits each month now that you are bringing in serious cash. Sounds like you are operating with a solid plan.

SLV,

1. It's an interface you can see in the pic i posted.. When he posts something it emits a loud beep and you need to be there to act upon it if you choose to do so. It's real time. They sent a mailer out a while back saying they upgraded to an even faster system than before so that the highest lag time is like 1/10 of a second now. So pretty quick.

2. Margin on futures contracts at this time is around 17:1. Right now it takes about 9K to purchase a contract that is "100 ounces of gold" or $161,000.

[creep276]

I want to do this.

I'm waiting on some bullion to come in (just shipped), so that I can immediately sell it back to help me get the recommended $20K for starting out.

Is anyone willing to help me? I really feel I can do this. Mostly I just need help getting started. Ideally I'd like to start trading the first week in September.

RS,
Yeah, i wouldn't do much trading in August if i were you. Volume is really thin. Waiting until September is probably the way to go. This week is dead so far across the board. I've been sitting it out to get some sun this week personally.

[RunningScared]

Thanks creep. I sent you a private message on Sunday... not sure if you got it.

[RunningScared]

But for short term trading, 20k per contract is fine as long as you use stops.

Right now it takes about 9K to purchase a contract that is "100 ounces of gold" or $161,000.

OK, newb question here: If it's 9K per contract, why do I need 20K in my account?

I realize I might need some cash to cover my short position if it starts heading up, but a spare 11K?

Please school me.

With 20K couldn't I trade 2 contacts? How much padding do I need in my account?

[Eat Beef]

If you're asking these questions, please don't open an account.

Trading, even with a guru "always right" service, is HARD. It takes an immensely deep skillset, and even then you can experience drastic drawdowns in your account. The market changes frequently, what worked last week/month/year won't necessarily work now.

Please note, I'm not trying to talk you out of trading, but what you're planning is something akin to jumping into a formula 1 racecar without ever having so much as driven a lawn mower. It won't end well.

I would suggest you start trading stocks with no margin, and a 10k account. After you've run that account to zero, you'll be ready to start learning.

[creep276]

OK, newb question here: If it's 9K per contract, why do I need 20K in my account?

I realize I might need some cash to cover my short position if it starts heading up, but a spare 11K?

Please school me.

With 20K couldn't I trade 2 contacts? How much padding do I need in my account?

Aside from the mathematical reasons not to utilize 100% of your margin like that is that we as humans tend to get emotionally involved when a whole account is on the line for a trade. If you aren't able to trade with total clarity and devoid of any emotion whatsoever then things just wont go your way. Jim Puplava was quoting someone in an interview a few weeks ago when he said "I've never seen scared money win". I don't know why, but it's true..

[RunningScared]

If you're asking these questions, please don't open an account.

Trading, even with a guru "always right" service, is HARD. It takes an immensely deep skillset, and even then you can experience drastic drawdowns in your account. The market changes frequently, what worked last week/month/year won't necessarily work now.

Please note, I'm not trying to talk you out of trading, but what you're planning is something akin to jumping into a formula 1 racecar without ever having so much as driven a lawn mower. It won't end well.

I would suggest you start trading stocks with no margin, and a 10k account. After you've run that account to zero, you'll be ready to start learning.

I know I've got a lot to learn, but if I can figure out the basics (and avoid some newb pitfalls) -- like how to place orders and what balance to have in my account, how much more is there to it when AM is going to tell me what, when, and for how much to buy and sell -- along with my stops?

I'm not saying trading is easy, but AM is taking care of the hard part, right?

All I want to do is mirror what AM is doing. That's it.

[Eat Beef]

I've done my best to warn you, best wishes and all that...

[creep276]

I know I've got a lot to learn, but if I can figure out the basics (and avoid some newb pitfalls) -- like how to place orders and what balance to have in my account, how much more is there to it when AM is going to tell me what, when, and for how much to buy and sell -- along with my stops?

I'm not saying trading is easy, but AM is taking care of the hard part, right?

All I want to do is mirror what AM is doing. That's it.

If youve never traded futures it's best to go a few months with a practice account to learn how to place stops etc. Placing a stop for example as a Day Order rather than Good to Cancel could be the end of your account.. About 100 other mistakes that can be made just not knowing your platform like the back of your hand. You have to be able to to it in your sleep...blindfolded..hogtied.. Otherwise potential for loss is huge. But if you just spend the time and learn it (like anything else in life) you can do really well.

[RunningScared]

If youve never traded futures it's best to go a few months with a practice account to learn how to place stops etc. Placing a stop for example as a Day Order rather than Good to Cancel could be the end of your account.. About 100 other mistakes that can be made just not knowing your platform like the back of your hand. You have to be able to to it in your sleep...blindfolded..hogtied.. Otherwise potential for loss is huge. But if you just spend the time and learn it (like anything else in life) you can do really well.

Awesome; thanks man.

I want to spend the time to learn it. Is a "practice account" just a real account with a small dollar amount that you play around with?

[lhslancers3270]

If youve never traded futures it's best to go a few months with a practice account to learn how to place stops etc. Placing a stop for example as a Day Order rather than Good to Cancel could be the end of your account.. About 100 other mistakes that can be made just not knowing your platform like the back of your hand. You have to be able to to it in your sleep...blindfolded..hogtied.. Otherwise potential for loss is huge. But if you just spend the time and learn it (like anything else in life) you can do really well.

Paper trading doesn't work. Unless you have money on the line you will never know how you will react. You do realize that trading is a zero sum game there is a loser for every winner. For all those that are getting all hot and bothered with these short term pie in the sky returns I suggest that they do a little reading and then ask yourself why on this earth would anyone no matter how well intentioned would want to be bothered trading anyone else's money if they found the Holy Grail.

[lhslancers3270]

You don't understand the mechanics of the two markets. The best leverage you can get with GLD is 4:1 (you probably can't get that), with GC it's more like 40:1.

I have no idea how an entry works with stop at breakeven. Even at .20 you're going to get stopped out A LOT.

40 cent stops? No way in hell.

[lhslancers3270]

Trading 101. You buy at the ask and you sell at the bid. Off the bat you're down. Do you enter/exit with market or limit orders? Dig a little and you will see that it is not possible to make any money risking 40 cents with gold at 1600 bucks. Take a day off and sit in front of a computer and watch the trades go by and you'll see for yourself that this is not possible.

[creep276]

Trading 101. You buy at the ask and you sell at the bid. Off the bat you're down. Do you enter/exit with market or limit orders? Dig a little and you will see that it is not possible to make any money risking 40 cents with gold at 1600 bucks. Take a day off and sit in front of a computer and watch the trades go by and you'll see for yourself that this is not possible.

Yeah, i would think the same. But he has a proprietary indicator that lets him know just before a decent move. This combined with median line analysis and probably some other stuff.. Most of the time his positions are in profit within 2 mins so stops aren't triggered. I'll pm you a few hours of his posts from a few months back so you see what i mean..otherwise it won't make sense..

[lhslancers3270]

Got it. I wonder what he pays for round turns on his trades.

[Ebie]

Yeah, i would think the same. But he has a proprietary indicator that lets him know just before a decent move. This combined with median line analysis and probably some other stuff.. Most of the time his positions are in profit within 2 mins so stops aren't triggered. I'll pm you a few hours of his posts from a few months back so you see what i mean..otherwise it won't make sense..

I wonder if he does this with other items besides gold futures, such as certain stocks?

[creep276]

Got it. I wonder what he pays for round turns on his trades.

Not sure who he uses but $4.64 for roundtrip through interactivebrokers.. $2.32 each way..

[lhslancers3270]

Not sure who he uses but $4.64 for roundtrip through interactivebrokers.. $2.32 each way..

OK thanks that cheap. Continued luck with the trades.

[creep276]

They're also doing currencies using median line analysis and teaching it. But it's his partner Paul Coghlan..not Maguire..

I've been dabbling a bit and doing ok.. He really nails the support/resistance levels..

GBP - http://www.youtube.com/watch?v=fei5NSNAR6g&feature=plcp
EUR and JPY - http://www.youtube.com/watch?v=zSLeTjZGYqE&feature=plcp

[SilverByThePound]

They're also doing currencies using median line analysis and teaching it. But it's his partner Paul Coghlan..not Maguire..

I've been dabbling a bit and doing ok.. He really nails the support/resistance levels..

GBP - http://www.youtube.com/watch?v=fei5NSNAR6g&feature=plcp
EUR and JPY - http://www.youtube.com/watch?v=zSLeTjZGYqE&feature=plcp

Can you use Mcguire's service with the mini gold contracts or just the regular ones?

[DodgebyDave]

What do you suppose she got for her soul?

Vince Foster.

[creep276]

Can you use Mcguire's service with the mini gold contracts or just the regular ones?

Probably could..just worse spreads on the smaller contracts.. So profit potential diminished a bit..

[Air Garcia]

Vince Foster.

Ouch. That hurt.

[creep276]

Progress report:

Picked up another 65 rounds with last month's earnings.



Little plug for mister maguire:
http://www.coghlancapital.com/mt-moreinfo

[<SLV>]

Dang. Wish I had the time, knowledge, and means to jump in.

[RunningScared]

OMG you're killing me.

You save more in a month than I can save in five years, living like a pauper.

Ugggg.... wish I knew how to do this.

[creep276]

He caught that fomc spike yesterday.. Bought at 1729.60 and out at 1755 in the course of about 45 seconds. Then bought again at 1744 and out in the 1770's. I tried to catch it all but wasn't quite quick enough but did about 70% of what he managed to pull.
Biggest day yet by far.

[mnmom]

They're also doing currencies using median line analysis and teaching it. But it's his partner Paul Coghlan..not Maguire..

I've been dabbling a bit and doing ok.. He really nails the support/resistance levels..

GBP - http://www.youtube.com/watch?v=fei5NSNAR6g&feature=plcp
EUR and JPY - http://www.youtube.com/watch?v=zSLeTjZGYqE&feature=plcp

Is the setup for the currency exchange similar to the gold futures? 20k start, $500/mo cost, etc. I've been trading on forex myself for several years, but to have someone doing the analysis for you in real time would have excellent advantages. What interface are you using for the currency exchange?

[creep276]

Currency analysis is $95 a month...two weekly webinars and daily morning analysis including a currency pairs and gold/silver.. And a daily metals analysis video..usually 5 mins or so in length.
Paul also does private mentoring sessions..

Is the setup for the currency exchange similar to the gold futures? 20k start, $500/mo cost, etc. I've been trading on forex myself for several years, but to have someone doing the analysis for you in real time would have excellent advantages. What interface are you using for the currency exchange?

[danz]

I just mean i personally place my stop at the same time as entry. Each stop is different depending on the chart. But with the Mcguire service he sends out something like "i am buying 1 lot of gold here" Then around 5 seconds later "filled at 1589.20" then a few seconds later "stop placed at entry price" or "stop placed at 1589.00".. By the time i can place my trade he has placed his stop as well as the initial order and i have received both messages. So i just place them all at once.
He places his stop and entry order a few seconds apart from each other but after 10-30 secs it takes me to read, setup and place my orders i have full stop and entry info to place both simultaneously.

Howdy creep276, have signed up for the service and am trying to follow his trades.
The big issue for me is the speed at which his information reaches me. For some reason instead of stating "buying one now" and transmitting as fast as possible -- he tends to buy, wait for the filled price and then post a single message such as "buying one lot of gold here, 1xxx.xx, stop 1zzz.zz".
Precious seconds and even minutes are wasted during him placing the order, waiting for the execution of the trade, deciding on the stop price and then typing it all up as a single message.
It often leads to me entering the trade when he's already selling one (of two lots).
How do you deal with the issue?
I automatically place stops as I enter at +/-.30 or so, so losses are capped, but the delay in the entry itself kills any potential profit.
Any hints are greatly appreciated. It appears Andy's got great info, but is unable to convey it in time, at least for me.

[33percent]

I want to do this, but is it good idea for me to do it when I might not have access to a computer 24/7, I'm deployed overseas. I have decent internet connection. I'm a newb at this but, I've traded plenty of stocks back in my day. So you put in $500/month you get $20k to work with to buy and sell contracts??

[RunningScared]

I would suggest reading the entire thread.

[33percent]

I did read it, and I'm still lost. I gave them a call but so when people talking $20,000 that's their money initial account is like with etrade or scottrade for example. They pay andrew $500 a month for what he does every month. People mirror trade what he does for the $20k they have in their account, they make like $2k/month off trading. So this thread is for people who have over $100k stashed away, and play with $20,000 of their own money like it's not a big deal. I barley make $20k a year, hell took me 3-4 paychecks to just save up for 1 ounce of gold.

[Goldhedge]

I want to do this, but is it good idea for me to do it when I might not have access to a computer 24/7, I'm deployed overseas. I have decent internet connection. I'm a newb at this but, I've traded plenty of stocks back in my day. So you put in $500/month you get $20k to work with to buy and sell contracts??

In a word... NO!

[creep276]

Howdy creep276, have signed up for the service and am trying to follow his trades.
The big issue for me is the speed at which his information reaches me. For some reason instead of stating "buying one now" and transmitting as fast as possible -- he tends to buy, wait for the filled price and then post a single message such as "buying one lot of gold here, 1xxx.xx, stop 1zzz.zz".
Precious seconds and even minutes are wasted during him placing the order, waiting for the execution of the trade, deciding on the stop price and then typing it all up as a single message.
It often leads to me entering the trade when he's already selling one (of two lots).
How do you deal with the issue?
I automatically place stops as I enter at +/-.30 or so, so losses are capped, but the delay in the entry itself kills any potential profit.
Any hints are greatly appreciated. It appears Andy's got great info, but is unable to convey it in time, at least for me.

Ive played with various methods over the past 9 months or so. Lately I've been putting in a limit order at or just above his fill price. So not so much trying to time the trade while he does it really but rather trading around his executions. 9 times out of ten we see it back up and fill.

But as you know he has a knack for timing the exact moment before a big run and filling right before. Those trades are hard to catch sometimes as the only way to to fill within 30 secs or so of his.

[Jimfrancisco]

Good brokers are hard to come by - a relative knows nothing about stocks, shares, bond, nothing (nor do I). But her finance man manages to get her a return of around 10% per year, and has done for 12 years now. She has not touched the capital, just lives from the interest. Capital invested is around £700k.
And that is after the guy takes HIS cut - she is more than happy with the results. The guy is a share wizard - he buys and sells all day and his business partner takes over at night. They both left a BIG company because they thought the company were doing it wrong - and they were. Now the pair of them manage all the financials for her (one does stocks, shares, the other bonds and customer talks) - very pleased with them, and as I said, even in this sh*tty economic climate, manages to get her 10% per annum after his own charges.