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bill mcdowell


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bill mcdowell

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  #11 (permalink)
California
 
Experience: Intermediate
Platform: ninja,md
Broker: zen,dtn
Trading: CL
 
Posts: 28 since Aug 2009
Thanks: 56 given, 16 received

During the time I was in the room I never saw Bills live dome nor his account balance. I dont know if Bill is profitable or not.(trading live)Because the method takes a small profit on first target with the following targets farther out and keeping your stop tight the win rate needs to be high. Most of the members I talked to were not profitable and the one that was had been trading several years.The one thing I got out of the room was(Bill said learn price action and it will take thousands of screen hours)I was unable to make consistent profits with his method.I had a few monster days but the method gives you alot of setups both good and bad imo.


Mark

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  #12 (permalink)
USA
 
Experience: Intermediate
Platform: Infinity
Broker: Infinity
Trading: ES, Euro
 
tickvix's Avatar
 
Posts: 232 since Feb 2010
Thanks: 137 given, 156 received


markw View Post
During the time I was in the room I never saw Bills live dome nor his account balance. I dont know if Bill is profitable or not.(trading live)Because the method takes a small profit on first target with the following targets farther out and keeping your stop tight the win rate needs to be high. Most of the members I talked to were not profitable and the one that was had been trading several years.The one thing I got out of the room was(Bill said learn price action and it will take thousands of screen hours)I was unable to make consistent profits with his method.I had a few monster days but the method gives you alot of setups both good and bad imo.


Mark

I keep reading about all the rooms on the web where people charge a lot of money. I have been in many rooms in the past but could not find any room that would help me to arrive to the point where I would stop loosing.
Now several months ago I read a post on this forum about HelpersTradeDesk. I decided to try. Room is free. Today in fact she said she would bever charge for the room.
Gail is the name of moderator. She is trading currency futures. She has her DOM up all the time. In the room she is trading on SIM.
She is making money most of the days. Today she lost big!!! But this is OK since we all human and we make mistakes.
Trades are real time, SIM P&L real time. If any of you trading TF, or any of the currency futures I think she is worth to look at.
Also she has a lot of educational stuff on her website. It is not 100% but trading never 100%

TickVix/Gregory

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  #13 (permalink)
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


HelpersTradeDesk?

Link please.

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  #14 (permalink)
USA
 
Experience: Intermediate
Platform: Infinity
Broker: Infinity
Trading: ES, Euro
 
tickvix's Avatar
 
Posts: 232 since Feb 2010
Thanks: 137 given, 156 received

TradersHelpDesk - Trading Price with Low Risk

Link to the website


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  #15 (permalink)
San Diego
 
 
Posts: 14 since Dec 2009
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markw View Post
During the time I was in the room I never saw Bills live dome nor his account balance. I dont know if Bill is profitable or not.(trading live)Because the method takes a small profit on first target with the following targets farther out and keeping your stop tight the win rate needs to be high. Most of the members I talked to were not profitable and the one that was had been trading several years.The one thing I got out of the room was(Bill said learn price action and it will take thousands of screen hours)I was unable to make consistent profits with his method.I had a few monster days but the method gives you alot of setups both good and bad imo.


Mark

During a recent discussion with Bill, he admitted that very few of his students are successful (4 days out of 5) on either the simulator or in live trading. Based on my review, the ideas behind his scalping method have merit but I also observed several indications that he would not be a good mentor. As a result, I cannot tell whether his method is flawed or merely his mentoring program.

In any case, Bill McDowell's hypertrading style does not interest me. The one thing that does is his indicator that draws support/resistance lines on swings and extends these lines out until they are broken. I've looked in the download section here and on NinjaTrader but have not seen this. It is similar to the default Swing indicator in NT but those lines stop when the swing level changes instead of continuing to extend to the right until the line is broken by price. It seems that such an indicator would be extremely convenient for general trading. Has anyone seen one?

Marqui

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  #16 (permalink)
Frankfurt
 
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
 
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Posts: 1,754 since Jun 2009
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hi Marqui,

have a look at thisone : swingmodified2

it has an option to choose how many swing-lines you let run further
maybe its in the direction you need it.



-

max-td
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  #17 (permalink)
arcadia
 
Experience: Intermediate
Platform: Ninja
Trading: es
 
Posts: 22 since Aug 2009
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markw View Post
During the time I was in the room I never saw Bills live dome nor his account balance. I dont know if Bill is profitable or not.(trading live)Because the method takes a small profit on first target with the following targets farther out and keeping your stop tight the win rate needs to be high. Most of the members I talked to were not profitable and the one that was had been trading several years.The one thing I got out of the room was(Bill said learn price action and it will take thousands of screen hours)I was unable to make consistent profits with his method.I had a few monster days but the method gives you alot of setups both good and bad imo.


Mark

Hi Mark


Thanks for the honest post about the room. So did you end up subscribing or did you just do a trial to the room?

How many members were in the room when you checked it out?

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  #18 (permalink)
California
 
Experience: Intermediate
Platform: ninja,md
Broker: zen,dtn
Trading: CL
 
Posts: 28 since Aug 2009
Thanks: 56 given, 16 received

I was in the room back in late 2008 and was a member. At that time the room had 10 to 15 active members. Not sure how much the room has changed or not since but I did see Bill's recent charts and they look similar.


Mark

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


markw View Post
I was in the room back in late 2008 and was a member. At that time the room had 10 to 15 active members. Not sure how much the room has changed or not since but I did see Bill's recent charts and they look similar.


Mark

Wait so does that mean you paid for the course? Are you still using his methodologies? Was it worth it? I guess I am asking is would you recommend it?

Thanks for the quick response!

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  #20 (permalink)
California
 
Experience: Intermediate
Platform: ninja,md
Broker: zen,dtn
Trading: CL
 
Posts: 28 since Aug 2009
Thanks: 56 given, 16 received


Yes I paid for the course and was in the Hotcomm room for 4 months. No I am not using the method. Is it worth it? Bill's method was teaching how to trade price action. I wanted a more in depth teaching of reading price bars then Bill taught..My job situation had changed and that also was the reason for me not signing on for more room time.


Mark

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