:: Martin Cole

a self-taught trader who isn't afraid to teach students live in front of a trading terminal.

back to the list of master traders

Martin Cole is best known as the self-taught trader and author of the 'Bright Futures' trading method. Placing great store in the psychological aspects of trading, Martin believes that 'belief structures' determine price action, and that the market is, in fact, completely rigged by insiders and market makers. Despite having no record at any major financial institution, and having only self-published a book, Martin is extremely well regarded in trading circles, not least for his ability to price his courses at amazingly high levels and still get students.

Martin lives in Spain, where he teaches his Bright Futures method to students who seem to be willing to pay up to £12,000 GBP for a weekend of tuition from the man. Dismissing criticism that while his psychological methodology may be sound, his actual trading techniques are simplistic beyond belief, Cole has taken his entire philosophy and encapsulated it into a software program called 'PAT', which attempts to show, in a new 'triangle' charting style, the entire belief structures underpinning the market.

Martin Cole's Bright Futures strategy is easy to describe - watch for an 'inside day' (a day whose high and low are completely contained by the high and low of the day before), then on the next day, draw a 'mid line' thru yetserday's high and low. If prices open below that line, it shows weakness, if above, it shows strength.

Any penetration past a certain fixed point means a Cole breakout in that direction (the example Cole quotes is his favorite market, the German DAX, where he advocates a fixed 30 point zone beyond which one trades a breakout, and a fixed 90 point profit target - it is these fixed elements, by the way, which cause criticism of his actual knowlege of trading).

Preferring to trade via a 'tick' chart, Martin also explains how to trade on non-inside days, although the explanation of this in his book is so confused as to be unuseable.

As a day trader, Marting Cole's style is a watered down beginner's version of:-

The Camarilla Equation Devised by famous Bond Trader Nick Stott in 1989, the incredible SureFireThing Camarilla Equation needs nothing more than yesterday's Open, High, Low and Close in order to draw you a 'roadmap' of today's market action, enabling you to draw up to thousands of dollars a day from the markets! If you are day trading, you need an edge, and the SFT Camarilla Equation quite simply gives you the most incredibly accurate trading levels for ANY liquid stock, future, commodity or option. The simple rules to trade with the Equation are in direct contrast to the superb 'mean reversion' maths used to develop it originally. SureFireThing.com offer an online calculator to generate levels for any security you want to trade, and plenty of annotated charts to get you making BIG profits FAST with the MINIMUM RISK. More... Staff and reader overall review : 92%