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Experience at Live Trading Rooms


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Experience at Live Trading Rooms

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  #131 (permalink)
salt lake city utah
 
 
Posts: 3 since Nov 2010
Thanks: 9 given, 1 received

Volt, thanks for the mention of Absolute. I am taking a week trial, started friday with one profitable trade. I will visit each am next week and see how it goes. IMO no nonsense, serious trader that seems to be experienced, not a marketing guy!
happy trading!

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  #132 (permalink)
arcadia
 
Experience: Intermediate
Platform: Ninja
Trading: es
 
Posts: 22 since Aug 2009
Thanks: 29 given, 22 received


Al2010 View Post
I've been into many rooms including bill mcdowell's(one of the worst), the trading zone (one of the worst), emini addict(briefly), emini jjunkie and many others I do not remember... What's common for all or almost all those rooms there is endless talking which is really distracting to me and no clear trade posting like markers on the chart or such... It is easy to miss a trade when the trade is only announced. Most of them require you to buy their system or indicators, which to me is a scam. I was very disappointed with all the rooms I was in so far. I will try the suggested one above (Cannon) starting next week then share my opinion. And I do not care if this is infomercial or not. I want to know more. Does not look to me as infomercial...


Hi Al,

Just curious bout bill McDowell. Did you actually buy his course or did you just try the room out? I'd like more info if you can please. Been asking around about it. From the videos I've seen the trades are very hyper-active and I don't know if they are really repeatable.

Thanks!

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  #133 (permalink)
Gold Coast Australia
 
Experience: Intermediate
Platform: Ninja trader , Mt4
Broker: GoMarkets, PFG
Trading: Forex
 
Posts: 7 since Jan 2011
Thanks: 7 given, 0 received


I have been a member of 3 trading rooms and tried several others. All make profit with various methods time-frames etc.
WET had 3 sessions covering Asia, London and US the mentors were all great and profitable with different methods. i had to quit this room because of my lack of discipline, I ended up over trading due to the massive amount of calls and my lack of patience and discipline with regards to targets and discipline. I also had a poor understanding of support and resistance at the time which didn't help. (Would be keen to rejoin this room when I know I won't be tempted to overtrade)
Colin's Trade share plus room has a basic momentum trade looking for 5-10 pip trades based around pivots this system is profitable and easy to learn (my partner likes this, I don't). There are 3 sessions available (only 1 was good for my time frame AEST)
Currently with Triple threat Trading learning Fibonacci and harmonics patterns. This has made me click with regards to patience and discipline. I have no problem using a 50-150pip stop loss. and allowing trades to go to full target.

I believe any trading room can be good but only if you have learnt the self discipline required to trade to your trading rules witch suit your temperament.

Good Trading

Brent

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  #134 (permalink)
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
plethora's Avatar
 
Posts: 629 since Dec 2010
Thanks: 1,174 given, 425 received

great posts from advanced traders. thanks.zzzzzzzzzzzzzzzzzzzz

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  #135 (permalink)
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
plethora's Avatar
 
Posts: 629 since Dec 2010
Thanks: 1,174 given, 425 received

Can anyone recommend a trading room that focuses on or uses a 5M chart?

Thank you.

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  #136 (permalink)
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
plethora's Avatar
 
Posts: 629 since Dec 2010
Thanks: 1,174 given, 425 received

I meant to post these links to the following interesting trading rooms I found on this thread but inadvertently posted them elsewhere.

Thanks for mentioning them.




Top Reversal Pattern or Bull Flag? Video

S&P 500 Emini Day Trading Set Ups

FuturesTrader71.com | 2009-11-03 Overcoming

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  #137 (permalink)
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received


plethora View Post
Can anyone recommend a trading room that focuses on or uses a 5M chart?

Thank you.

Ok...I 'll be the mug...why MUST it be time (5m)...and furthermore, can you justify 'time charts' over alternatives...?


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  #138 (permalink)
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
plethora's Avatar
 
Posts: 629 since Dec 2010
Thanks: 1,174 given, 425 received

I can't justify anything. But I'm currently simming with the 5M and feel comfortable with that timeframe.
It would be nice if I could learn formal rules and have the opportunity to watch someone else's charts
as they take live trades in that same time frame.

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  #139 (permalink)
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received


plethora View Post
Can anyone recommend a trading room that focuses on or uses a 5M chart?

Thank you.


plethora View Post
I can't justify anything. But I'm currently simming with the 5M and feel comfortable with that timeframe.
It would be nice if I could learn formal rules and have the opportunity to watch someone else's charts
as they take live trades in that same time frame.

Fair enough, but why 5 m or time frames at all?


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  #140 (permalink)
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
plethora's Avatar
 
Posts: 629 since Dec 2010
Thanks: 1,174 given, 425 received


Trader, do you have a trading room in mind that is great but trades range bars,
or you're saying that range bars are better to trade than time charts?

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