One im trialing right now is jpj... complete waste of time unless you want to hear how to use market delta and setup your charts all day long...lol
I don't blame the guy for not giving away his methods for trial members, but he won't answer any type of questions, such as average win/loss, expectancy, average heat he takes... etc. . And so far, hes not making money..lol
I've purchased bootcamp long back in 2008. All I can say is, its very good for starting out with MarketProfile. Never attended his trading rooms as I dont trade US markets ( different time zones another issue ). But I can say i didn't waste my money after purchasing it.
If you are lookin for the Market Profile Room and Education JPJ trading and Trader Girl. I think they charge 1500 one time for life.
JP is not your best teacher in the world since I have been thought by JP. The best part of his trading is the fact that he has the same set ups and he trades the same set ups day after day. You would never see his DOM, but if he is in the room trading and not smoking he is in the trade. Please note JP would add to his bad positions but then close his trade if is not working. I could never was able to do that.
Trader Girl I do not know if she is any good at teaching, but people who took her seminar told me she is very good. Set ups are the same since she were thought by JP and were in the room for some time.
There is no paper manual for JPJ class, but TG has the manual and set ups.
So all in all you have 2 places to learn. JP would offer free week in his room. I do not know if TG would do the same.
I guess this is all
TickVix/Gregory
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i tought bill of https://www.hugedomains.com/domain_profile.cfm?d=ioamt&e=com was the undisputed heavyweight champion of market profile trading. and he charges small amount monthly. in adidition to that, bill has a steady following of sizeable devotees. thats not the case with a number of other bills i know
Reza is an excellent teacher and calls his trades live. He takes alot of time and interest to be sure people are learning the methodlogy and there's plenty of opportunity for questions. His room is normally open 24 hrs a day with additional proprietary signals provided on the charts. He has a second room with signal charts that cover 5 markets.
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I took Reza's boot camp and advanced course last year and compared to JP and Trader Girl (Debbie Crawford) and Reza is the best of the three, however with that said Reza never really teaches a method its all theory and in his room he has a lot of charts and methods he is testing so I guess even he has not got it figured out yet.
As for Trader girl she is just copying JP and she has way to many set ups for my liking over 18 at last count, when I started with her she said she has 2 days a week where she hits a 10 point trade,, well while in her room I never saw her take 1 10 point trade in a month let alone 2 in a week.
Also she started off saying that targets are +2 +5 +10 then when things went bad her targets got less and less and she was taking no end of 1 point trades,, which is fine but not when she states in her webinars that she only trades the big moves.
Then there is JP well enough said...LOL
IOAMT is a good source to learn Market Profile and Kam from L2ST which I am happy with and still use to this day.
Market profile theory is the only working method which apply for any market .imo.and reza's room is the best place to learn this and the best room where you can find all the tools related to market profile.i have been in his room for almost 3 years and very happy with it.
I just spent 4 days in Reza's trading room. I wasn't impressed at all. On Wednesday he kept shorting gold & crude on a very strong trend day and lost over $1k. It was funny how he was cursing the market and complaining about how "they" stopped him out.
For his "proprietary" trading signals, I found the zigzag & volatility stop indicators in IRT gave me the same signals. When I told him this he threatened me with legal action if I told anyone.
For the bootcamp, I think it's best to learn Market Profile from the source. Dalton has two books, a DVD course, and free webinars.
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I just don't understand why some market profilers are only considering trades that go against the trend just because price is out of balance. To me, these setups have nothing to do with Market Profile. The tool should help the trader form an opinion about the current bias (short/medium term), identify zones of inventory and locate areas of support/resistance based on volume. In short, what people call market structure. Too many players look at it in a rigid and fixed way thinking they can remove ambiguity proceeding this way. However, i like the way Dalton talks about it.
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I totally agree. In my opinion Reza does exactly what you describe. He says "strong resistance at xx.xx" and then fades it, totally disregarding the context. This is not how one uses Market Profile. I can recognize people doing this because for a long time I was trading like that. So it's interesting to join a trading room and see the trader trading like I was a year or two ago.
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I have taken this course and all I can say is for what he is charging it is a deal. He responds to all questions for as long as you have them. I sent him a list of questions at dinner time one day and he responed at 10pm, the service he provides is really good. I spent time in his actual trading room (which is separate from his MP Webinar) and his style was not for me...no indicators, relying on support and resistance combined with MP. Not my trading style but he is right on the money with MP theory. And he explains it in a way that makes it simple. and easy to understand. I would recommend this course to anybody seriously interested in learning about MP.
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testimonials from people who have never posted before are always a little suspicious.
all great in theory but unfortunately he didn't make money with all that theory when I observed his trading room. His trading was complete chaos. he was fading very strong trend moves. he was using a very lagging volatility stop (his proprietary signals are nothing more than a zigzag & volatility stop) to time his entries resulting in getting in late and having a large stop. he was cursing the market when his stop was hit and complaining how 'they stopped him out'. I didn't see any qualities in a consistently profitable professional trader. It's easy to write up testimonials on a website and memorize some MP concepts, but trading with them is an entirely different thing.
his p/l records on his website are 'doctored' too, making him look profitable.
anyone can see for themselves but it will cost you $25 for the trial to see it. My advice: save your $25!!!
i post videos on my blog where I generate an equity curve real time from my brokers website so there is no doubt that i am profitable with real money. reza won't do that. anyone who won't is more likely a fake than a pro.
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I understand but I just joined Big Mikes Forum (couple weeks). Your observations are correct with his actual trading room. What I am endorsing is his actual Market Profile Bootcamp. I have read most of the relavant MP Books and Reza's bootcamp gives the same info but it is explained in a way that I could understand it better. Some of the MP books out there I found a little confusing. Considering it covers ths same info that others charge 3k for (based on the publishjed outlines of the courses), I felt the couple hundred bucks I paid for the bootcamp money well spent.
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This is what I find fascinating: just knowing market profile concepts is not enough to make money in trading. i struggled with that for a while myself, which is why i did the trial of reza's room. in the end it all comes down to really understanding the auction process and i think that's the part that reza has missed.
For those who want to truly learn this, I highly recommend watching all of Dalton's free webinars several times as well as futurestrader71's webinars which require a small donation to charity. and of course lots of practice studying the markets & applying the concepts.
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Reza cleared up MP for me in a way I could really use everyday.. For me, Reza kept me in the game and shows us amazing setups .. the room has been extremely valuable to me
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I was a member of this room for a long time and can confirm that it is a big rip-off. Results posted on the site are fake, none of the setups that were used showed any profit when backtesting them, a lot of really simple stuff was presented as advanced ideas. He even traded on a simulator for a long time claming it was real money.
Profiletraders.com is just a super shady site and I would advice anyone who wants to learn market profile to save your money.
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Don't waste your money with profiletrader, this guy only Sim-trades, and everyone of his so called posted trades are from a Simulator. While I was in his room on a trial he never showed his live DOM once, shocking when you consider the guy to be a 1 lot trader.
I've also notice that he continually adds to his losing position even if it go's against him by 4 pts, or 30cts and more. If there were real money on the line, trust me, no one in their right mind would do this. They would just bail on the trade when there stop is hit for a small loss.
I guess he doesn't need to use a stop because its all Simtrades anyway. Can you image trading this way and there is a strong trend day up/down and your on the wrong side of the trade, say bye bye trading account, especially if you keep adding to your losing position. Its only going to take 3 - 4 of these and you're out of business real fast.
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I have taken most of Reza's courses and found them very valuable. After taking his courses his trade room is for free (ie no monthly charges). Hes got his own approach to Market Profile and also uses various other approaches which he teaches through the courses. I have been in many rooms and i must say that very few people are as honest as Reza, he posts his trades before they happen (unlike) most, stop levels etc. Sure at times he adds to loosing trades providing they still fit criterias (so does every prop firm in town). ofcourse he has loosing trades and even days, as every trader has. But all in all his calls make profits and the room is educational itself, and a fun place to hang out. He doesnt sell himself as calling out trades, he merely posts what he is doing himself, up to anyone to follow, or use levels, as stops, entries, to learn or trade.
ive seen prob 15-20 rooms over the years, and today just hang out in one and thats Reza's for 3 years now. Most people are charlatans in the business of indicators, education, rooms etc, so rare to come across something i like.
But dont expect someone else to make money for you, that wont ever ever happen, you still gotta do the learning, develop your own approach, take your own decisions, that wont ever change no matter what room your in.
cheers
p
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I am looking at this room for a place to learn Market Profile. There are some bad reviews and some good ones as well. Are you still using this room? Can you say the trading as taught and practiced is consistent and profitable? Any details would be great, I have watched a few of his videos so I understand his basic methodology.
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Yes im still spending time in the room and Reza's approach and methodology is unique to him. He is teaching MP and other tools. Now as with any education it is up to the trader to apply this teachings into his/her trading. Reza calls out his trades before making them, with stops and targets and also calls out any changes to the plan ahead of plan. Like any trader he will have loss deals but overall his calls makes money. Saying that you never wanna join a room to blindly follow someone elses calls, it can give you ideas, but you have to have your own plan in place with entry criteria and most importantly risk management. I dont blindly follow any trade calls, but have my own plan and views which i use as a basis for my trades. I do enjoy hanging out in Rezas room as trading can easily become rather isolated and i like the social aspect of it as well as idea/brainstorming place, on top of the education.
Hope that helps, feel free to ask anything i might have missed.
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Hi Mattguin,
I will be joining his room on 1st Auguest or so. Basically learning MP and I have read very good reviews. Some 4 -5 years old reviews are not that good but recent ones are good. I will also be buying AuctionDashboard (footprint and profile) or Criticaldata (only profile) one of those soon. I hope that will give me what Reza uses otherwise will stick to old GOMI.
I am not related to any room or Reza. Just my independent opinion.
The following 2 users say Thank You to billsingh for this post:
Sounds good. Now since you raise some points in your post thought to give you my thoughts. In regards to software, Reza uses investor rt, with a traditional Market Profile setup (not volume profile) and some other prop charts. In my opinion the market profile charts can be done on Ninjatrader using something like finalg or rancho dinero, not sure about the ones you listed but will take a look at them now. Looking forward to see you in the room if you decide to join. Try to get a trial for a few days so that can judge yourself if this is for you. Also pls rememember Reza doesn't use or teach volume profile or order flow but Market Profile.
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Hi Mattguin, Just subscribed/paid for the curse, like to connect with you to get more input and advise on what is the best and fastest way to get thru this course. Really appreciate your help.
Just really go through it and ask the questions you need to Reza, the teacher. Im not a good teacher of his or anyone else's materials, but i have implemented all that i have learned and still learn every day from the market into my thinking when it comes to trading. Ofcourse if you have any general questions/concerns etc will try to help or put you in the right direction, if so pls pm me here on Big mike. Good luck in your studies.
Do you know the cost of joining the Reza chat room? Their website only stated the cost of the course + 1 yr membership. I don't know the cost after that.
most educators including market profile, and i have took most of the courses listed here. they teach you to trade from the edges . what they are teaching is a reversion to the mean. that is trading a correction of a very short trend. that is painful your trade is is seeing sharp pull back or has some traders say it is choppy ... easy to get shook out one way are the other. that is because the buyers or sellers are responding to higher or lower prices. they do not have the convection or size to move the market that far. do you think large trading desk are trying to execute from the edge. hell no.. they are looking to execute where they can get large orders filled with out it moving the market. where is that area from the middle of a big fat profile. that is why most big moves come out of the middle. that is where they know price will stall and there will be plenty of other traders to take the other side of there trading with out the price running away. do not think so ...pull up weekly volume profile charts ..see how many big moves come out of short fat profiles.
For those of you who have been using volume profile for some time, I think his series of webinars is excellent for picking up some new ideas and trading strategies. The thing about volume profile is that, unlike standard indicators, it's completely up to interpretation and there's always different ways of looking at it.
Having used volume profile for over 3 years now, and pretty much been there and done that, I didn't really expect to learn too much more from Reza. But, since the price was reasonable, and I recently made quite a decent amount from my trading already, I thought why not, it couldn't hurt and there's always room for learning. So instead of going out to buy a new Rolex, I decided to plunk down the $550 for his market profile series (costs much less than a Rolex also).
I must admit, that I was wrong. His first 2 webinars on market profile (boot camp and trade setups) were pretty standard (basically similar to what the rest of the other YouTube trading personalities are teaching), however, that's where it takes a complete turn and really goes into something quite unconventional (BUT logical). It really did help me look at these markets with a completely fresh pair of eyes. Which is a great thing. Only problem now, is I need to get 1 more monitor in order to display his chart setups.
Essentially, what he does is takes the time factor out of the equation altogether, and breaks the market up into swings. And then looks at each swing as a separate profile. So no longer looking at time based profiles, rather price based profiles. (hang on, before you reply that you already know about micro composites, his approach is quite different :P).
I really have learnt quite a lot from his material, and now basically trying to incorporate that into my own trading. On top of that, you also get 1 year in his trading room where he'll readily answer any questions you have, so that's a great plus.
Other than that, have really nothing negative to say about it. The cost is decent, and if you're looking to get some fresh ideas, or even if you are brand new to market profile, I highly recommend it based on the price he's charging.
Feel free to ask or PM me if you want further details.
Cheers!
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