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bill mcdowell
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bill mcdowell

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

Thanks NQ

Ahh wait so you started over a year ago not in 2010? Thanks again for your sharing your exp. Glad to see the light of the tunnel for you with the CL. I imagine it's been a tough journey. The key for me I suppose is how many students total has he had and of 37 students what % do they comprise.

I have no doubt his method works as he's been in this game awhile. However being able to extract that knowledge may prove to be difficult for some and I fear that spending $3k to find out I'm one of the ones that would not benefit is a bit harsh. I've spent many hours overlooking his free videos and versions of his Saturday seminars and though I can see some merit in his methodology I am a bit frustrated with his speaking style. However that is on me. It's like a professor in college. Sometimes you just don't sync well, and can't absorb the material and that may very well be the case here.

Again thanks for sharing your insight, its good to hear from the other side and I wish you well on the CL.


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. 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


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  #32 (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: 3,698 since Oct 2009
Thanks: 3,041 given, 4,498 received

Although i never followed his method or bought his course there is one thing i like about the guy, Bill's approach is based on a bottom up approach as opposed to a top down approach. If you think you need to predict future price locations to trade profitably then this guy might help you to look at the markets or 'price action' differently. Everything that he professes is at the polar opposite of predicting the future.

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  #33 (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



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. 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

Thanks for the clarification. Your original post implied that you had recently taken the course in 2010 and had found it to be an 'uphill struggle.' Others here weighed in with similar comments and I provided my own experience along with other students I knew around that time. This is the first time hearing that people other than Bill have been successfully implemented this particular methodolgy. When I spoke to Bill in 2009 and 2010 he was unsure how well his students were doing, which seemed odd for someone running a mentoring program.

I do agree that the basic methodlogy and his overall approach has a number of merits, but I maintain that Bill's method of teaching and the complexity of his system gets in the way. While trading may be complicated, it does not have to come anywhere near the level that Bill has laid out. For example, he categorizes all the potential trades into c3/C3, C3/c1, etc. but I don't know if that is really important for his trading decisions, his statistical records, or he notes this information just for the heck of it. Is this level of detail necessary or is it just clutter?

Good luck with the CL. Reading between the lines, the majority of the success is coming from the revised methodology developed for the CL. Let us know how this works out.

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  #34 (permalink)
Elite Member
Portland
 
Futures Experience: Beginner
Platform: NinjaTrader, TradeStation, MultiCharts
Favorite Futures: TF
 
Posts: 23 since Jun 2010
Thanks: 3 given, 10 received

He offers or used to offer half the course for half the cost which I did. He kept pushing me to sign up for the balance, but I never did. Seemed like a lot of his material was dated in the sense that he no longer taught it. The end result was reviewing a lot of stuff that no longer applied. He really needs to go through all the videos and distill everything down to his current methodology.

Glad I didn't go the full route. I came away with my own simplified approach.

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  #35 (permalink)
Elite Member
Wodonga Australia
 
Futures Experience: Intermediate
Platform: NT, MT4
Broker/Data: tba
Favorite Futures: tba
 
Linds's Avatar
 
Posts: 290 since Jul 2010
Thanks: 348 given, 277 received

Iím in my 6th year of teaching the SCIENCE & ART of consistently profitable trading in ALL market conditions. I freely disclose my methodology especially in my free Saturday sessions. But the core of my course is providing the personal guidance traders need to master the INTUITIVE skills required for RTB trading, which in turn leads to near 100% daily profitability. The SECRET is numerous hours of highly focused RTB screen timeómuch using Market Replay anytime 24/7. You donít learn to play the piano by just learning the Ďmusic rulesí; you learn to play ONLY through disciplined practice. So it is with tradingóand you need a competent teacher to guide your practice. Please join me as I share my studentís consistent >95% real money trading results and how they do it.



from an advertisement from an upcoming webinar by Bill McDowell


95% of his student are profitable? Vendors talking about percentages in the 90% worries me. Pretty sure the content of this thread would not support this claim.

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  #36 (permalink)
Elite Member
California
 
Futures Experience: Intermediate
Platform: ninja,md
Broker/Data: zen,dtn
Favorite Futures: CL
 
Posts: 28 since Aug 2009
Thanks: 56 given, 16 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

After attending this weeks Trader Central webinar and Saturdays session in Bill's room I"ve decided to try Bill's method again. Looking back the problem was not the method but me.

Mark


Last edited by markw; February 12th, 2011 at 09:55 PM. Reason: spelling
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  #37 (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: 3,698 since Oct 2009
Thanks: 3,041 given, 4,498 received

The last time i attended one of his webinar in 2009 he was using 4 contracts for each trade. I find this quite a large position for someone starting to trade. Also, i think if your method can not be profitable with one contract then it means it depends solely on money management to achieve its prowess. This might be tough for some.

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  #38 (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


Linds View Post
Iím in my 6th year of teaching the SCIENCE & ART of consistently profitable trading in ALL market conditions. I freely disclose my methodology especially in my free Saturday sessions. But the core of my course is providing the personal guidance traders need to master the INTUITIVE skills required for RTB trading, which in turn leads to near 100% daily profitability. The SECRET is numerous hours of highly focused RTB screen timeómuch using Market Replay anytime 24/7. You donít learn to play the piano by just learning the Ďmusic rulesí; you learn to play ONLY through disciplined practice. So it is with tradingóand you need a competent teacher to guide your practice. Please join me as I share my studentís consistent >95% real money trading results and how they do it.



from an advertisement from an upcoming webinar by Bill McDowell


95% of his student are profitable? Vendors talking about percentages in the 90% worries me. Pretty sure the content of this thread would not support this claim.

I think that's totally fishy. I don't think that better than 20-40% is possible even for the best vendors/mentors. The trader is always the weakest link.

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  #39 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: 6E ES
 
Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
Thanks: 2,902 given, 3,330 received

Dr. Bill

The way Dr. Bill tracks the trades: all trades are recorded and graded, so profitability has a different criteria. I would of enrolled in Dr. Bill's course if it wasn't for futures.io (formerly BMT). At futures.io (formerly BMT) everything I want in trading is right here. Thanks Big Mike

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  #40 (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 still on and off in the room. 2 students seem to average 90%.

it would be nice to hear from current paid up members how they are performing. most people seem unwilling to share experiences,especially when they have losses

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