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Someone can go more in depth with market profile usageusing MP for stoploss and how he teaches rejection and continuation?I have my vision but i 'm interested in how he teaches this.Thanks
Can you help answer these questions from other members on NexusFi?
To me the price seems very expensive compared to other rooms that offer lifetime membership (TTZ, JPJ Trading, Valhalla, even Felton). I visited the room a couple of times and while I saw good trades, I found Simon unclear in some of his calls and also annoying with his weird cheer leading style of grunting when he is in a winning trade.
i am sorry you feel that way, how can you asome who i am when you do not know me i say what i say about the gtr room because it is what i use . i dont trade for a living i trade for fun it is a hobby of mine because i do not have nothing to do all day , because i do not need to work. this is who i am
Because I am the administrator of the site, and I see the patterns and behaviors of vendors that disguise or lie about their identity in order to promote their products all the time.
Your posts read like advertisements, including costs and all the "upside" of how much money is being made, with no discussion of the risk or negative views on this vendor.
You also continue to post here even after you've already made your "review", responding to people as if you were the owner of the trading room.
It is all highly suspicious and of course if true you are in violation of our forum rules and will be banned permanently.
I joined them twice for the free session they offer on a weekly basis.
There were two chaps in the room (Bob and Sandy?) discussing trades and some other topics. Almost like a radio show ... The older guy almost sounds like Lahey from the Trailer Park Boys ....
I only listened for 1 -2 hrs each session and was not able to always pay full attention, so take my words with a grain of salt.
From what i saw / heard they were not trading exactly in the same way. One of them basically used a trendline / box breakout method. The other one seemed to position himselves with limit orders around key profile levels / SR levels.
The trendline guy showed his charts and he was watching three different markets all the time.
They were transparent and upfront about which trades they took, on some occasions i saw the chart trader.
As far as i could tell they were making money (sim or live, i don't know).
The trades i saw were apparently executed with 3 contracts, taking off 2 contracts at just a few ticks (3 ticks i think i saw).
What makes me very cautious is when people discuss continuously about how much money you can make theoretically. This for me is always a red flag. It usually starts with some small number, which is supposed to make it sound achievable ("making $200/day should be easy....") and then all of a sudden numbers become bigger and bigger. Then they said if you'd make $200/day consistently any hedge fund would pay you $10M/year to trade for them... yeah, right!
There was a lot of boasting about how they can explain every tick in the market at any time and how they could even teach a monkey how to trade. They also kept mentioning how good Simon, their partner (not present) is, how he would identify turning points to the tick and take huge runners... (how lucky they are they have him and he is not actually trading for one of these hedge funds making millions!)
In summary, from what i saw (and again i cant say i kept watching very closely) it seemed to me that their method revolves around scraping a few ticks off at high probability inflection levels, immediately taking 2/3rds off to reduce risk and hoping to catch the occasional runner.
If it work for them, that's fine, there's worse out there. For me personally this kind of risk management is problematic.
Some may be able to pick up themselves how to trade like that, some may want to pay someone for the service to be taught.
my two cents ... I was in the room for about 6 months 2 years ago.
Cons:
Inconsistency of thought (one could call it lack of objectivity) - you're told in all videos and promos that everything is explained to detail and clearly. Then, lo and behold, sometimes the same thing is a short, sometimes its a long. Trading isnt easy to explain and the conditions are always different, but then why say that all presented trading rules are clear.
Too much risk (this is subjective to what trades I seek) - trades are done in multiples of 3 contracts with the same stop (e.g. 6 ticks), with targets being 5 ticks on two contracts and the last is left as a runner. As soon as the smaller targets are reached, the room operator will have made enough money for a "risk-free" trade where he goes for bigger profits. My problems with this is that the first two contracts have risk:reward < 1 which goes against all I feel is right.
Occasionally, "less solid" ideas are being presented as something that really works. If the room operators knew that network packets can be lost/arrive in different order that they were sent in, they would see that relying on EXACTLY X contracts being bought/sold on a price, but not X-1 or X+1 contracts, is an illusion of having a real rule.
Pros:
Students can ask questions. The answer will be understandable depending on the similarity of the student's and room operator's thinking (that was my problem), but Simon is very helpful and willing to discuss.
Trading is done with REAL money and all students see it. You see all the charts, orders, etc. in real time. No editing, no delayed charts, etc.
Access to educational videos as given for a lifetime, including updates.
The trading day, in the vast majority of cases, ends with a profit in the hundreds.
Overall, I have learned much from this room, e.g. seeing that
trading can be done
you dont have to be a rocket scientist with a PhD from maths to succeed