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  #1 (permalink)
 Ben16JP2 
New York, United States
 
Experience: Beginner
Platform: NinjaTrader,TradeStation
Broker: Optimus/Rithmic
Trading: ES
 
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Posts: 75 since Oct 2010
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I have come across Traders Help Desk and it looks like they offer a FREE trade room?

If anybody has spent some time there could they please post there experience.

Thanks

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  #3 (permalink)
 brevco 
Denham Springs, LA
 
Experience: Advanced
Platform: Amibroker / Ninja Trader
Broker: Mirus Zenfire
Trading: TF 6E NQ
 
Posts: 194 since May 2010
Thanks: 259 given, 187 received


Yes, the trading room is free. She is planning to open another room, starting in May, for a minimal fee....about $50, for people who trade the currency futures, so the room will be open from around mid-night until 5:30 AM MST, then the free room will be open from 5:30 AM 'til about 9;30 AM after that. There will be someone else moderating the paid subscription room, then I understand she will come on at 5:30 like always. The person who will moderate the paid subscription room will be someone who trades her methodology.

She also holds seminars from time to time but you can learn her methodology by participating in the free chat room. People can ask questions and she answers them. For people who have taken one of her seminars, she has opened a Wednesday chatroom (for free) from 2:00 PM - 4:00 PM EST as a follow-up to her seminars.

She does sell indicators as well, but I have heard her tell people they do not need her indicators to trade. She said she has people at her seminars who come with their own chart setup and indicators and she still works with them.

I think she is very generous with her time and she is always willing to help anyone who is willing to learn. One thing I like about her chat room is there are not different moderators all the time. She is the only one who moderates the free room.

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  #4 (permalink)
oiltrader72
NewYork
 
 
Posts: 3 since Mar 2010
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I really like the new presenter Anthony, he is outstanding in live chart reading. If nothing get, traders can learn how to read the charts in real time without spending a penny!

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  #5 (permalink)
 brevco 
Denham Springs, LA
 
Experience: Advanced
Platform: Amibroker / Ninja Trader
Broker: Mirus Zenfire
Trading: TF 6E NQ
 
Posts: 194 since May 2010
Thanks: 259 given, 187 received

Yes, I agree. He is excellent. However, it is my understanding in May he will be moderating the paid chat room for people who have taken her seminar or webinar. The cost is supposed to be $50 per month. That chat room is going to be open during the Euro session when I will be asleep! ;o) I am not sure if Anthony will be moderating the regular chat room after May. He might come on occasionally to give Gail a break. I think moderating every single day the way Gail does, it can be exhausting since she does her trading during the Euro session, then moderates in the morning until about 11:30 EST.

I'm not aware of any other "free" chat rooms like Gail's. Most require a subscription. Woodies CCI used to have a free chat room but when he opened the paid chat room, all the moderators left to go there so there is no longer a live moderator in Woodies free chat room.

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  #6 (permalink)
 tickvix 
USA
 
Experience: Intermediate
Platform: Infinity
Broker: Infinity
Trading: ES, Euro
 
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Ben16JP2 View Post
I have come across Traders Help Desk and it looks like they offer a FREE trade room?

If anybody has spent some time there could they please post there experience.

Thanks

I have been in the room for about one year now. Trade only one set up and making money. I like it a lot. Gail is very good at what she does. Focus of the room on price action and risk. Money management is the major part of what she is talking most of the time.
Gail's set ups are easy to learn and to follow.
I have written about this room in the past but was told since she is using "spaghetti" indicators such as ADX and RSI then what she is showing cannot be good. LOL

I would try after all it is FREE for now.

Thank you

Grego

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  #7 (permalink)
 Keithh 
AKL
 
Experience: Intermediate
Platform: MultiCharts
Broker: IQ Feed
Trading: Currency Futures
 
Posts: 17 since Apr 2011
Thanks: 4 given, 10 received

Currently checking out the free room and have signed up for Gails webinar. Lots of talking and not alot of trading being done... but it's early days so keeping an open mind for now. Having lookied at their indicators, I'd say most can be replicated with free stuff available... except for the ADX peaks which I haven't seen before. Robert who is starting a live room there comes across as very knowledgeable but has only being trading Gails method since January. Hardly a proven track record. Will let you know how it all goes.

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  #8 (permalink)
 Keithh 
AKL
 
Experience: Intermediate
Platform: MultiCharts
Broker: IQ Feed
Trading: Currency Futures
 
Posts: 17 since Apr 2011
Thanks: 4 given, 10 received

There's a reason its free. Day after day of pointless chat with a few hit and miss trades. It did sway me back to using pure price action though, so that's a good thing. I don't believe their indicators offer any edge and may infact be a burden. There's been some 200+ pip moves on EUR/USD recently and the moderator was yapping the whole way down saying how the indicators were amazingly accurate. Honestly if a system can't catch a basic trend move like this... whats the point.

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  #9 (permalink)
 brevco 
Denham Springs, LA
 
Experience: Advanced
Platform: Amibroker / Ninja Trader
Broker: Mirus Zenfire
Trading: TF 6E NQ
 
Posts: 194 since May 2010
Thanks: 259 given, 187 received

Hello, Keithh:

She has a paid room now for $49 a month, but it is limited to people who have taken her seminar. I believe Tickvix has participated in the paid room recently, but not sure if he is still in it. Just before the paid room was open, I believe someone by the name of Anthony, moderated in the free room to show how the paid room will be run. He did an excellent job of calling the trades and using Gail's methodology. I think Tickvix has been very successful since finding Gail, but he learned the methodology and can now trade without a "crutch."

Gail prefers the Euro, but since she now offers the paid room, she moved to the Russell in the free room. Not sure why, but I always traded the Russell until I found THD. I noticed lately that the Russell started moving when the Euro was choppy or not doing anything. But as fate would have it, if I'm focusing on the Russell, then the Euro moves. If I'm focused on the Euro, then the Russell moves! Frustrating, to say the least.

The free room is to help people learn to trade a methodology (her methodology), follow a set of rules and minimize losses. I would not rely on the free room to call trades. That really isn't the purpose of the room. As far as the indicators, you really do not need her indicators. I do have a couple of them, but I've found other things right here on futures.io (formerly BMT) that will mimic most of her indicators and they work.

Trading price action by itself is a wonderful thing if you can do it. But, as with most things, when it works, it works. When it stops working, then as traders looking for the holy grail, we start looking to add things. For me, I like to look for divergence and I've not found that by looking at price action alone.

There are very few "free" trading rooms (if any) that call trades and they all have a disclaimer. In the end, I know I have to rely on myself and not someone else to make money. I've heard so many traders criticize these online trainers because they do not post their trades to show how successful they are in their own trading. Even if they did, or were allowed to, how can you be sure they're truthful? I think I can judge whether or not someone's method is successful just by watching and observing. I don't need "proof."

What I've found is every methodology works, but only if the rules are followed for that specific methodology....and because we aren't "perfect" most of us have a tendency to add or change stuff....or maybe we do not react fast enough to get into the trade.....or more important, we fail to manage the risk, and that's where we fail.

What I've learned from Gail is that in order to be successful you have to develop enough confidence in a methodology (you have to "own" it) to be able to execute the trade when you see a set-up and then manage the risk. And, managing the risk is more important than the execution!

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  #10 (permalink)
 brevco 
Denham Springs, LA
 
Experience: Advanced
Platform: Amibroker / Ninja Trader
Broker: Mirus Zenfire
Trading: TF 6E NQ
 
Posts: 194 since May 2010
Thanks: 259 given, 187 received


When I first learned of THD and considered purchasing a few indicators from THD she said you really do not NEED her indicators to trade successfully. And that is true. She developed them to go along with the methodology that she teaches, but you do not need them. I also remember her telling me that she has trained people at her seminars who do not even use her indicators....she has taught them to trade using what they are comfortable with (indicators).

I also have a TOS account. If you are just starting out, I would definitely take advantage of anything "free" you can find as long as you learn something from it, but if you are looking for someone to call out trades so you can make money, a broker can do that for you. You will have to ask yourself what are your expectations from a free trading room? Do you want someone who will teach you the skills to be a successful trader, or someone to do it for you?

The important thing about free trading rooms is to learn a methodology you are comfortable with and use that knowledge/education to help you develop your own trading style. It takes many, many hours of screen time to build confidence in trading, and it can be hazardous/dangerous to your trading account if you become dependent on someone else to make money for you (call the trades). Also, losing trades is part of this business and it isn't just about making money....it's all about managing risk.

It took me a long time to figure this out and trading has taught me so much about myself, personally. Some of it I liked, and some of it I didn't!

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  #11 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Cloudy View Post
I took a look at the free webinar. This time she seemed to be watching the Euro on 3 min, 34min with her "THD indicators". And the "risk flags". I checked out the indicators. Each separately is $599! She kept waiting for the market and her indicators to signal a trade saying the market was doing much. finally she entered and it stopped out for an 8 point loss. Then she said how easy it was to make it up later, and then said market wasn't doing much for the next hour or so. So about 2 hours of the free webinar then it got turned off. Needless to say I wasn't impressed. ...

depend on which day you are in I guess, she is trailing a winning trade right now, overall you just sit and wait for everything to get in sync.

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  #12 (permalink)
 jg1012002 
greensboro, nc
 
Experience: Master
Platform: NinjaTrader, TradeStation, MultiCharts
Trading: euro
 
Posts: 3 since Mar 2011
Thanks: 0 given, 6 received

First, and foremost, as I tell everyone in the free THD Live Trading Room, the room is not designed to be a follow along with Gail room. It is specifically designed to give traders the skills they need to trade with.

I focus on low risk, as well as risk to reward, and have many traders in my room that do not use my indicators but have learned a great deal about price action, ADX and RSI (they are both available free in any platform including ThinkorSwim). This is why I said an 8 tick loss on the Euro is easy to make up.

Second, trading is not about the indicators you are using. It is more about you, your mindset, your discipline, and your understanding of what you are using. I won the IBFX forex contest in New York (competing with 10 others traders) with a platform that compressed an entire day of date in 10 minutes. I did not have anything but price and a moving average. But I won the iPod. That itself proves that indicators are not magical but price and your actions are.

Three, I don't have any indicator that has a price tag of $599. I do have a couple for $595 but then I have others that are below that ranging from $125 and up. And, you always have the option of using the free ones provided with your platform. However, my trading uses my indicators and my trading plan is built around that.

Four, yes we chat about everything in the room, from the weather, to kids, to politics, to difficulties in trading. If there is not a trade setup then we may as well fill the time with other things.

Five, I do not allow people to see others in the room to protect the privacy of my clients. Of course, competitors often attend these rooms as well to try and add email addresses to their mailing lists. Then they promptly go and post how bad the trading room is, as well.

The THD Live Trading Room is designed for traders who want to help each other. We often have other traders in the room that give advice on what they do in their own professional trading and how they have overcome their own obstacles. However, we do not offer get rich easy schemes or tell you how easy it is. Quite honestly, trading is hard and it takes a lot of studying, about you, your markets, and your methodology to be successfully. But then again, most successful professionals have put a lot of time and study into their profession -- becoming a trader is no different.

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 bcmortimer 
Athabasca, Alberta
 
Experience: None
Platform: Ninja
Trading: currency futures
 
Posts: 1 since Aug 2010
Thanks: 72 given, 1 received

I have been in the THD trading room many times. Gail does not teach a get rich methodology. What she does teach is how to develop your own method of trading. Gail has worked with many different traders on an one to one bases. The THD has many different indicators. I found her Currency Meter to be very accurate when trading off of extreme retracements in currency futures. Gail is an expert in trading price and the theories of Richard Wyckoff.

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 tamerrashdan 
New York
 
Experience: Beginner
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It's one of the indicators on the website and unfortunately it's not available for NinjaTrader
Any idea if someone has something similar in Ninja?
Thanks

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 Cloudy 
desert CA
 
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