bill mcdowell - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


bill mcdowell
Updated: Views / Replies:29,890 / 68
Created: by nqcruiser Attachments:4

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 4  
 
Thread Tools Search this Thread
 

bill mcdowell

  #21 (permalink)
Elite Member
San Marcos, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: 6E, ES
 
Posts: 55 since Nov 2010
Thanks: 125 given, 34 received


mavinwiz View Post
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!

I also took this course in 2007/2008 when I was just starting out. I did not have any success learning this method, mainly due to the absurd complexity. The basics of the post-entry trade management can be picked up by doing tick replay in NT but the system is "all or nothing" so you have to learn the other components. The most difficult part is trying to identify which of the 10 or so different setups are "low risk" and which ones should be avoided and make that decision in seconds. Since this is a scalping methodology, you need a rather high win rate to overcome losses and commissions (4 contracts yield $150 per winning trade on average).

Bill McDowell states that the trader must develop the skill to "read the bars" but he is rather vague about what that actually means. Unfortunately, he does not discuss potential trades in a live market so you are left to guess when he is considering a trade, whether he actually took a given trade or he was already in a trade in one of his other 3 markets, etc. He enters each potential trade into his trade 'log' whether taken or not, occasionally even in hindsight.

IMHO, his method of teaching leaves much to be desired and this is the weakest point in his mentoring. While he seems sincere in his intent to help, he tends to ramble and go off on minor tangents not directly related to the question at hand. Overall, I found his mentoring to be a rather frustrating experience. After talking with several other students last year, the general consensus was that the system showed promise but no one was actually following it. If anyone has had some success, I would be interested in getting a simplified explanation of what Bill is trying to teach here. A great deal gets lost in translation. The same for Al Brooks - why do these guys have such a hard time explaining what they do?

To answer your last question, I would not recommend this course for anyone just starting in trading. Stick with the simple concepts and develop your own methodology, and then test it and modify it as you progress. If you get down to it, Bill McDowell just developed a unique method that fits him and his beliefs. If you really want to follow in his footsteps, then that is the actual path you should take.

Reply With Quote
The following 3 users say Thank You to ddnut for this post:
 
  #22 (permalink)
Elite Member
Cape Town, South Africa
 
Futures Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker/Data: ampfutures/Zen-Fire
Favorite Futures: 6E, Cl, TF
 
Posts: 117 since May 2010
Thanks: 15 given, 50 received

i am the sponsor of this thread. i should say that, with all due respects to my fellow billsroom students, disagree with the negative sentiments expressed here. Yes Bill makes a lot of noise about making 2000 trades, as he think that would arm the trader enough thru repeated exposure. I have never heard about 11 trade setups. I have been in billsroom in december 2010 and i am now outside as I want to pick up in February with oil mentoring. Bill could doctor his screenshots from nt7, but his winrate is 90%. As the thread starter, I have personally not come across anyone with a better winrate

Reply With Quote
 
  #23 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,492 received



nqcruiser View Post
...but his winrate is 90%. As the thread starter, I have personally not come across anyone with a better winrate

I think mopere has a 95% win rate

Reply With Quote
 
  #24 (permalink)
Elite Member
arcadia
 
Futures Experience: Intermediate
Platform: Ninja
Favorite Futures: es
 
Posts: 22 since Aug 2009
Thanks: 29 given, 21 received

Thanks for post

That was a very comprehensive post. Thank you so much for sharing your experiences. I've talked to a couple other former students now and they all seem to agree that though Bill maybe successful at this..his teaching of the methodology leaves a lot to be desired.

Even based on his seminars and free videos, I did get an inkling that it would be difficult to replicate these results. Even when he was doing a market replay on Sim it was difficult to comprehend what exactly he was looking for. I was under the impression that in live trading it would be easier but based on what you are saying it would be very similar.

His stop management was very active and aggressive and seemed a bit arbitrary at times. I know it is a skill he honed over many years, however without clear explanation of how and why, it would be difficult to learn.

Your input was very much appreciated!

How has your trading journey progressed? What methods have you continued to research and study? It is a difficult one indeed..

Best of luck!

Reply With Quote
The following user says Thank You to mavinwiz for this post:
 
  #25 (permalink)
Elite Member
arcadia
 
Futures Experience: Intermediate
Platform: Ninja
Favorite Futures: es
 
Posts: 22 since Aug 2009
Thanks: 29 given, 21 received

Ahh - Current Student?

Ahh Nqcruiser - so you are a current student? So you are on the 2nd month of the four month course? Do you feel his results are repeatable?

I don't understand what you mean you are outside but picking up Feb with Oil Mentoring? I do know he has a further $1500 course for Oil and Gold mentoring but that's after the initial 4 month course is that correct?

I'd like to hear the other side with a new student. Can you please elaborate on your experiences so far? He seems like a nice man, and I don't doubt he is successful. I guess I fear that I won't be able to pick it up if others have not as well. Though he has been doing this since 2006 so I imagine he must be doing something right!!

Many thanks!



nqcruiser View Post
i am the sponsor of this thread. i should say that, with all due respects to my fellow billsroom students, disagree with the negative sentiments expressed here. Yes Bill makes a lot of noise about making 2000 trades, as he think that would arm the trader enough thru repeated exposure. I have never heard about 11 trade setups. I have been in billsroom in december 2010 and i am now outside as I want to pick up in February with oil mentoring. Bill could doctor his screenshots from nt7, but his winrate is 90%. As the thread starter, I have personally not come across anyone with a better winrate


Reply With Quote
 
  #26 (permalink)
Elite Member
Cape Town, South Africa
 
Futures Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker/Data: ampfutures/Zen-Fire
Favorite Futures: 6E, Cl, TF
 
Posts: 117 since May 2010
Thanks: 15 given, 50 received

i have been with bill since december 2009 and yes,i did the 4 month course. in my case, i have moved on to cl course without proving success with tf anf 6e. bill did allow me to subscribe to this even tough he had misgivings. i am happy for this as i am really successful with cl trading on my own. I am scheduled to start the cl mentoring in february, having had almost a solid january with simtrading cl.

there seem to be a perception that bill's method in real trading is difficult and that few students have made it to be successful. the last i heard he had around 37 successful students. i have yet to meet a negatory naysayers in the room. those unsucessful once may be here on this thread but i dont know of any1 who has failed at his method.

once u do cl course, u can clearly see that bill's method is all about reading momemtum and watching price action to be able to jump onboard a move that is unfolding

Reply With Quote
The following user says Thank You to nqcruiser for this post:
 
  #27 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,492 received


nqcruiser View Post
i have been with bill since december 2009 and yes,i did the 4 month course. in my case, i have moved on to cl course without proving success with tf anf 6e. bill did allow me to subscribe to this even tough he had misgivings.


nqcruiser, why did you not succeed with TF or 6E ? What is so different with CL ?

Reply With Quote
 
  #28 (permalink)
Just starting out...
SF, Glendale
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: ES, YM, TF
 
Posts: 6 since Jan 2011
Thanks: 1 given, 1 received


nqcruiser View Post
As the thread starter, I have personally not come across anyone with a better winrate

Well, I have, so I can believe people like that do exist. It's kinda funny though that everyone is so quick to denigrate them without actually doing proper DD first.

Yes, good reliable trading methods can be complex. The same can be said about what I am using and I got it from another trading wizz with remarkable results that were hard to believe. No, I am not doing as well as he is, but I believe I can do much better and I am already very good.

I am not trying to endorse Mr. McDowell, as I know nothing about him. That's just a general comment about related matters.

Reply With Quote
 
  #29 (permalink)
Just starting out...
Los Angeles
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 7 since Jan 2011
Thanks: 4 given, 0 received


Martin Dunne View Post
Well, I have, so I can believe people like that do exist. It's kinda funny though that everyone is so quick to denigrate them without actually doing proper DD first.

Yes, good reliable trading methods can be complex. The same can be said about what I am using and I got it from another trading wizz with remarkable results that were hard to believe. No, I am not doing as well as he is, but I believe I can do much better and I am already very good.

I am not trying to endorse Mr. McDowell, as I know nothing about him. That's just a general comment about related matters.


Can you please share what trading coach you are using

Steve

Reply With Quote
 
  #30 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: MT4, StrategyRunner
Favorite Futures: ES,EUR/USD,Oil
 
TheSeeker's Avatar
 
Posts: 123 since Dec 2010
Thanks: 64 given, 65 received


Does this Bill McDowell have a website ? Never heard of him before.

Reply With Quote

Reply



futures io > > > bill mcdowell

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Poll: Health Care bill, for or against? Big Mike Off-Topic 99 March 25th, 2012 03:57 PM
House GOP Moves Toward Vote on Boehner Bill GridKing News and Current Events 0 July 26th, 2011 09:05 AM
BILL GROSS: Bond Investors Are Frogs kbit News and Current Events 0 June 1st, 2011 06:33 PM
House Bill 1716 - Is the End Near? estrader14 News and Current Events 2 February 21st, 2011 03:24 PM
US Senate Aims to Take Up Final Reform Bill This Week Quick Summary News and Current Events 0 July 12th, 2010 02:50 AM


All times are GMT -4. The time now is 06:50 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-22 in 0.14 seconds with 20 queries on phoenix via your IP 54.225.57.89