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simon jousef's GTR trading room


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simon jousef's GTR trading room

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  #11 (permalink)
Rome
 
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Posts: 16 since Dec 2009
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Someone can go more in depth with market profile usageusing MP for stoploss and how he teaches rejection and continuation?I have my vision but i 'm interested in how he teaches this.Thanks

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  #12 (permalink)
San Diego
 
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jerryjerry View Post
uzzo .the membership is standard and premium th e standard is $7300 and the premiun is $9850 the standard you get to use the trade room for $199 a month and a few of the preprietary incators the premium you get coaching .the swing trade room where he calls swing trades by text or what ever choice you want , 12 months to the gtr. room and many others feathers. yes any one can use the room all the trades are called ahead of time so you will have pently of time to get in . he all so tells you when to get out , and he uses smart stops which is about 3 to 6 ticks which is rally hit but you will have to see for your self here is the link address.Global Trade Room - Live Trade Calls


To me the price seems very expensive compared to other rooms that offer lifetime membership (TTZ, JPJ Trading, Valhalla, even Felton). I visited the room a couple of times and while I saw good trades, I found Simon unclear in some of his calls and also annoying with his weird cheer leading style of grunting when he is in a winning trade.

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  #13 (permalink)
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Manta, Ecuador
 
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jerryjerry View Post
first of all i have been a member of the gtr trade room since june 2013 .when it was $4300 for the life time memship to the members area and access to the trade room for $199 a month it has since gone way up but you get what you pay for all i know is that i make money every day i am in the room and that is all that counts to me . i dont care if who believe me or not . i am making money so that is all i care about

I care.

All of your posts in three years have been about this vendor, and your posts read like an advertisement.

One could easily assume you are the vendor and this is self promotion.

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  #14 (permalink)
Auckland
 
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I braved it and attended the session

Very confusing, One guy is calling short and other saying lets go long...get ready for long. entry is xxxx okay thats a small loss, lets go long now.

Not something you would learn from or to understand how they call their entries and method is difficult to ascertain.

Sharmas

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  #15 (permalink)
GARLAND TEXAS
 
Experience: Intermediate
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Posts: 19 since Nov 2011
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Big Mike View Post
I care.

All of your posts in three years have been about this vendor, and your posts read like an advertisement.

One could easily assume you are the vendor and this is self promotion.

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i am sorry you feel that way, how can you asome who i am when you do not know me i say what i say about the gtr room because it is what i use . i dont trade for a living i trade for fun it is a hobby of mine because i do not have nothing to do all day , because i do not need to work. this is who i am

LKL: Free after 22 years

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  #16 (permalink)
Site Administrator
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jerryjerry View Post
i am sorry you feel that way, how can you asome who i am when you do not know me i say what i say about the gtr room because it is what i use . i dont trade for a living i trade for fun it is a hobby of mine because i do not have nothing to do all day , because i do not need to work. this is who i am

LKL: Free after 22 years

Because I am the administrator of the site, and I see the patterns and behaviors of vendors that disguise or lie about their identity in order to promote their products all the time.

Your posts read like advertisements, including costs and all the "upside" of how much money is being made, with no discussion of the risk or negative views on this vendor.

You also continue to post here even after you've already made your "review", responding to people as if you were the owner of the trading room.

It is all highly suspicious and of course if true you are in violation of our forum rules and will be banned permanently.

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  #17 (permalink)
Europe
 
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I joined them twice for the free session they offer on a weekly basis.
There were two chaps in the room (Bob and Sandy?) discussing trades and some other topics. Almost like a radio show ... The older guy almost sounds like Lahey from the Trailer Park Boys ....

I only listened for 1 -2 hrs each session and was not able to always pay full attention, so take my words with a grain of salt.

From what i saw / heard they were not trading exactly in the same way. One of them basically used a trendline / box breakout method. The other one seemed to position himselves with limit orders around key profile levels / SR levels.
The trendline guy showed his charts and he was watching three different markets all the time.

They were transparent and upfront about which trades they took, on some occasions i saw the chart trader.
As far as i could tell they were making money (sim or live, i don't know).
The trades i saw were apparently executed with 3 contracts, taking off 2 contracts at just a few ticks (3 ticks i think i saw).

What makes me very cautious is when people discuss continuously about how much money you can make theoretically. This for me is always a red flag. It usually starts with some small number, which is supposed to make it sound achievable ("making $200/day should be easy....") and then all of a sudden numbers become bigger and bigger. Then they said if you'd make $200/day consistently any hedge fund would pay you $10M/year to trade for them... yeah, right!

There was a lot of boasting about how they can explain every tick in the market at any time and how they could even teach a monkey how to trade. They also kept mentioning how good Simon, their partner (not present) is, how he would identify turning points to the tick and take huge runners... (how lucky they are they have him and he is not actually trading for one of these hedge funds making millions!)

In summary, from what i saw (and again i cant say i kept watching very closely) it seemed to me that their method revolves around scraping a few ticks off at high probability inflection levels, immediately taking 2/3rds off to reduce risk and hoping to catch the occasional runner.
If it work for them, that's fine, there's worse out there. For me personally this kind of risk management is problematic.
Some may be able to pick up themselves how to trade like that, some may want to pay someone for the service to be taught.

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  #18 (permalink)
hollywood
 
Experience: Intermediate
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Posts: 213 since Jun 2010
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I saw a recast of Kai Whitney with Adrienne Toghraie...it looks like they are doing free trials of the room....I may check it out.

It seems a little 'too good to be true' style trading, concerned with volume profile and following order flow.

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  #19 (permalink)
Prague, Czech republic
 
Experience: Beginner
Platform: NinjaTrader/ZF
Trading: ES, TF
 
Posts: 81 since Jul 2010
Thanks: 95 given, 34 received

Hi,

my two cents ... I was in the room for about 6 months 2 years ago.

Cons:
  • Inconsistency of thought (one could call it lack of objectivity) - you're told in all videos and promos that everything is explained to detail and clearly. Then, lo and behold, sometimes the same thing is a short, sometimes its a long. Trading isnt easy to explain and the conditions are always different, but then why say that all presented trading rules are clear.
  • Too much risk (this is subjective to what trades I seek) - trades are done in multiples of 3 contracts with the same stop (e.g. 6 ticks), with targets being 5 ticks on two contracts and the last is left as a runner. As soon as the smaller targets are reached, the room operator will have made enough money for a "risk-free" trade where he goes for bigger profits. My problems with this is that the first two contracts have risk:reward < 1 which goes against all I feel is right.
  • Occasionally, "less solid" ideas are being presented as something that really works. If the room operators knew that network packets can be lost/arrive in different order that they were sent in, they would see that relying on EXACTLY X contracts being bought/sold on a price, but not X-1 or X+1 contracts, is an illusion of having a real rule.

Pros:
  • Students can ask questions. The answer will be understandable depending on the similarity of the student's and room operator's thinking (that was my problem), but Simon is very helpful and willing to discuss.
  • Trading is done with REAL money and all students see it. You see all the charts, orders, etc. in real time. No editing, no delayed charts, etc.
  • Access to educational videos as given for a lifetime, including updates.
  • The trading day, in the vast majority of cases, ends with a profit in the hundreds.

Overall, I have learned much from this room, e.g. seeing that
  • trading can be done
  • you dont have to be a rocket scientist with a PhD from maths to succeed
  • how people use the tape and market profile
  • "trading habits" of people who do this for a living
  • and many more, that I cannot verbalize.

Cheers,
Daniel

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  #20 (permalink)
Duluth MN
 
Experience: Intermediate
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I have attended the GTR rooms free Tuesday trials on several occasions.

While I have been in the room they generally do quite well. I got used to their conversational style after awhile.

Question: Does anyone have an idea how they are deriving their "Magnet Lines" that the market "is drawn back to"?

The price for the room is steep but they seem to make money consistently from the sample of time I have watched.

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