TradeTheMarkets(Hubert)trading room ?

their squeeze indicator is mint! Made lots of $$$ using it. Thing is if you trade just off that indicator you will be toast. John and Hubert will say so themselves. Indicator must be used with mkt direction and internals. You must know when to ignore the indicator, and when to jump on a signal. That is the key. Must use VIX TRIN TICK to make it work in your favor. Hubert stated in the chat room that a back test was done on the indicator.... and it lost money. But used in conjunction with the other things...I.E... ability to read mkt internals and direction, and it can be a cash cow. It will give alot of false signals... ex: ... NEVER ever go with the indicator call if the TICK is at an extreme level in the same direction. I Love their indicators.... gives me that extra step and ability to see things others may not. But as i explained in an older post.... never never never trade based on just one indicator or service. Put them all together and be a manager .... asses.

Netted almost 13 ES pts this week...... thanks in part to John and Hubert!

(Sshhhhhhh ..... their indicator is a component of my monster "Frankenindicator":cool:
 
lilduckling is spot on correct.

Some thoughts...

first of all, there is NO magic indicator. John and Hubert are the first to admit it. To paraphrase many, including John - traders start making money when they stop looking for the magic indicator, and start to manage risk. That's it.

I generally do not trade "indicators". I trade order flow, and key price levels/pivots - using TRIN, TICK, Market Profile, and Time Sales. So, my methodology (for intraday futures scalps) is similar to many things that John and Hubert Teach.

Yes, the "senter squeeze" (note that he did not invent this methodology, as he admits) DOES work. But as lilduckling says - it does not work in a vacuum. However, if you keep in mind key price points (support and resistance) and market internals, it is one of the best indicators you can have. It;'s based on a very simple concept - one that is also prevalent in market profile analysis - periods of range extension tend to be followed by volatility contraction and vice versa. It's not magic, but it's robust and it works very well - especially on a 5 minute timeframe (for the dow).

I also use a similar methodology on a daily, weekly, and monthly timeframe in some stocks and futures, and this also works very well.

One thing about the squeeze is that it helps keep you OUT of some trades. A good methodology just doesn't tell you when to consider entry, it tells you when to ignore some entry signals that you might otherwise take.

Only one thing moves price - supply/demand inbalance. I have great respect for john and hubert, and their methodology is sound.
 
Just wanted to thank everyone for sharing their thoughts. I have learned some useful things from the room but some of his methodology doesn't jive with mine.
A little surprised when he stated he and John made 300k in profits Th and Fri morn of the prior week. Rather bold claim in my estimation.
Trading room has got to be a huge money maker with approx. 230 folks paying $295 a month. Hubert is now requiring all paying members to buy one of their CDs @$495 due to an excessive number of repetitive questions apparently. I find this a little odd...
I wish them well.
 
Just so you know... John is just not your run of the mil advisory service like so many out there. He actually travels around the world advising institutions with very deep pockets. (When he was in Asia he called the break out in gold a while back). The man is legit.... hes honest. having said that...... i cant follow is calls... sorry but i just cant.... the time frame he lives on doesn't let me sleep at night... so I basically incorporated in my trading what i learned from Hubert... which is reading the TICK to time your entries and exits.... and ofcourse their indicator. I never herd of Hubert requesting people buy anything from them (I even heard of him discoursing some people from buying several of their products!!!!) . I will say.... they give out more stuff for free them most other services offer for a price. infact Hubert sent me a huge amount of links from otherwise cd,s i would have had to pay. Is their style for everyone?? NOPE... its not for me...(John is too long with huge stops... Hubert is too short and fast)... but just because they dont fit your style it doesn't mean they're frauds or out to get you.
 
Didn't imply they were frauds at all ,etc...But as a matter of fact I understand members of Hubert's room were told on Fri. by Hubert they would be required to purchase a particular training CD if they wanted to maintain their paying membership.
Maybe this is common in trading rooms.Sounds unusual to me(and others).
Apparently alot of folks love H and are profiting and learning accordingly... just curious before I committ.
Does a 300k profit in two days sound normal??
 
Quote from aspenboy:

Just wanted to thank everyone for sharing their thoughts. I have learned some useful things from the room but some of his methodology doesn't jive with mine.
A little surprised when he stated he and John made 300k in profits Th and Fri morn of the prior week. Rather bold claim in my estimation.
Trading room has got to be a huge money maker with approx. 230 folks paying $295 a month. Hubert is now requiring all paying members to buy one of their CDs @$495 due to an excessive number of repetitive questions apparently. I find this a little odd...
I wish them well.
More...


Everything about their site is fairly expensive. I agree, I too find it a little odd that Hubert would require existing chat room members as well as new members, to purchase a $495.00 CD to remain members of a chat room they already pay close to $300.00/month to belong to.

It's like he doesn't respect his paying members at all and is only out to hawk his merchandise. I get the impression that he doesn't really care whether people join or not, he obviously doesn't need the money that the monthly subscribers contribute. If he did I don't believe he would be so bold as to require they spend even more hard earned dollars on merchandise they may not want.

But, it's his room, and he can do things his way. This is one trial member that won't be joining permanently. Some of the information they provide is good information, but costly. It's really not worth being taken advantage of by being required to spend almost $500.00 extra, on a whim. I don't care how upset he gets from questions he receives from paying members. It just doesn't seem to be the right thing to do.

I, too, wish them well. They may need it, if Hubert keeps this up.
 
Quote from aspenboy:

Didn't imply they were frauds at all ,etc...But as a matter of fact I understand members of Hubert's room were told on Fri. by Hubert they would be required to purchase a particular training CD if they wanted to maintain their paying membership.
Maybe this is common in trading rooms.Sounds unusual to me(and others).
Apparently alot of folks love H and are profiting and learning accordingly... just curious before I committ.
Does a 300k profit in two days sound normal??
More...


I don't think that Hubert and John are frauds. I think they are both very good, profitable traders, trading their own systems. Systems that may or may not work for you as an individual. It'll cost you plenty to find out.

You heard correct, about Hubert requiring the purchase of a seminar CD for $495.00 on Friday, simply because he's tired of continually answering the same simple questions, over and over.

And you also seem to be correct in your assumption that a lot of folks seem to love Hubert. I really believe he's been told that entirely too many times. So much so that it has gone to his head.

What Hubert did is not common in trading rooms, especially not any I've ever been a member of.
 
Quote from aaka_trader:

I would not recommend buying any indicators from their website. They are all available for free at tradestaion forums.
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Do you have to be a Tradestation member to view them? I'm not. Can you post a link or PM them? Thx
 
Quote from tnc$ddc:

I
You heard correct, about Hubert requiring the purchase of a seminar CD for $495.00 on Friday, simply because he's tired of continually answering the same simple questions, over and over.

What Hubert did is not common in trading rooms, especially not any I've ever been a member of.
More...

Well if thats true then they are looking for people to start cancelling their subscriptions. I know when i was a member, he was bitchin and moaning about having to run the chat room.... and was saying they might shut it down. He also said that they wont be doing anymore siminars for a while if ever.

NOTE: I dont understand why they would wanna shut the room down..... i was in the chat room for about 5 weeks... and every week Hubert made big $$$ ... he would make live calls ..( he trades YM 16 contracts at a time)
 
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