AlphaWave Trading Review (www.alphawavetrader.com) - futures io
futures io futures trading



AlphaWave Trading Review (www.alphawavetrader.com)


Discussion in Trading Reviews and Vendors

Updated by Big Mike
      Top Posters
    1. looks_one longboat with 13 posts (21 thanks)
    2. looks_two kimyew with 12 posts (2 thanks)
    3. looks_3 stymie with 10 posts (33 thanks)
    4. looks_4 kignkenny with 10 posts (32 thanks)
      Best Posters
    1. looks_one rogera with 3.5 thanks per post
    2. looks_two stymie with 3.3 thanks per post
    3. looks_3 kignkenny with 3.2 thanks per post
    4. looks_4 longboat with 1.6 thanks per post
    1. trending_up 86,481 views
    2. thumb_up 307 thanks given
    3. group 64 followers
    1. forum 184 replies
    2. attach_file 3 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

AlphaWave Trading Review (www.alphawavetrader.com)

(login for full post details)
  #91 (permalink)
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
Broker: TD Ameritrade
Trading: options, ES/NQ futures, stocks
 
Posts: 76 since May 2011
Thanks: 52 given, 52 received


Diesel View Post
I have been in 89 live futures trading rooms to date; 38 this year alone; 3-4 simultaneously each day. I have a science (MS, PhD- Molecular Genetics), business (MBA-Finance) and legal (JD-IP/CyberLaw) background. I observe and sim trade at least 75-100 trades in each room and apply heavy computational analyses to extract precise trade room performance stats. If initial room performance is worthy, I will continue my evaluation to 200-300+ trades. My basic trade room evaluation strategy has been published (Futures Truth Magazine, Issue #2-2012) and my needs are simple:

1. Transparency: I want the Head trader to communicate (speak, type, denote on price chart or with a trade dome) precise trade numerics (entry, exit, tgt, stop) and the official trade room strategy on how to manage that trade. I can't trade what I can't see, hear, or read.

2. Truthfulness: I want the official track record to faithfully recapitulate past performance and I will check all official performance data against what I observed in person. Be assured, many do not match.

3. Temperance: financial stewardship; dependability, reliability, etc. Ex: I observed/recorded a Head Trader lose $19,600 in one ES trade; a Head Trade fall asleep and snore (often) while in trades with real money; and many other shenanigans. I want none of that.

I have observed 360+ trades (NQ, 6E, TF) called in Alpha Wave Trader from 04.03.12 on; trades 1-100 I took on sim; 101-150 @ 3 contracts real money; 151-250 @ 5 contracts; from then 10 contracts/trade.

While it would be impolite to quote P/L, Alla Peters, Head Trader @ Alpha Wave Traders, is among the top 3 very best rooms I have evaluated. She is a vibrant virtuoso of futures trading and exhibits superior trade performance. Her stops and targets (five targets per trade - unique to the industry) and overall room structure gets an A+ for the above 3Ts. (ps: IMO, based on my evaluation of the 3 Ts above and more, I personally avoid PureTick, Emini Professor and TradeDesk.biz).

Fellow traders, you would do yourself a massive disservice to discount Alpha Wave Trader on the basis of one opinion blathered from single disingenuous ex-room attendee, for it took me nearly 2 years to find such an accomplished futures room.


flipper26 View Post
I'm glad the system is working for you but at a cost of over $3000 for the beginners education it is quite steep.
I do take issue with your comments about other rooms though. I have been in many trading rooms as well and the size of the stops will vary with the instrument traded but I have yet to see many that use stops of 20-30 ticks for anything other than CL. Most of the rooms I've been in do not use student trainers or assistants or whatever you want to call them. If the moderator is sick or away then the room does not operate for that day - this has happened in the vast majority of rooms that I have been in.
My biggest problem with Alla is that she is not trading live or SIM and as a result when she enters a trade she will be in that trade until either 1) her profit targets are hit, or 2) her stop is hit. I witnessed a trade several months ago on NQ that quickly went against Alla but rather than identify that the trade went against her and advise everyone to get out she stayed in it until her stop was hit. It was a loser of almost $300. There are times when you can identify that a trade will not go your way and it is just good money management to get out of the trade as quickly as possible rather than wait for your stop to get hit. You donít realize that Alla is doing this without being in the room and observing several trades. For anyone that is trading live based on her calls you need to ensure that you have your own methods for exiting the trade when you deem appropriate.
I also have an issue with Alla selling my email address and I too am now inundated with emails from other vendors selling their systems or promoting their webinars.

I was in the trading last week (wk of 9/10/12) when Alla made an entry call - TF (emini Russell) went to the first line, retraced, went to the second line retraced, (this was before 11:30 a.m.). When the room closed at 12:30 she said for those who hadn't exited to be aware of the three additional targets and trade safely. TF continued very slowly proceeding up to, and a little beyond, the 5th target. By the end of the trade TF had made a 200 tick move.
Yes, I have been in the room when a entry call was made, TF moved up 5 ticks and then retraced and took out the stop. I am one who does say in the chat - TF was stopped out - and Alla does verbally acknowledge this statement. Each culture has a way of dealing with negative statements. Maybe why she says TF closed.
This is my experience in the room for one month.

Reply With Quote
The following user says Thank You to trendfriendpa for this post:

Can you help answer these questions
from other members on futures io?
With 1 click place orders on two accounts (rithmic and cqg)
NinjaTrader
Chart text fixed and move with time
NinjaTrader
TOS script
ThinkOrSwim
TOS script help - crossover with alerts - help please?
ThinkOrSwim
Volume Chart Trend Lines
TradeStation
 
 
(login for full post details)
  #92 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,904 since Jun 2009
Thanks: 31,586 given, 94,532 received


trendfriendpa View Post
understand not allowed to mention

Why?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #93 (permalink)
Boise Idaho
 
Experience: Intermediate
Platform: ninjaTrader
Broker: Amp / CQG
Trading: ZB
 
Posts: 28 since Dec 2009
Thanks: 34 given, 21 received



trendfriendpa View Post
I understand from someone who has a website for trading (understand not allowed to mention) and is/has been a successful trader (consultant for hedge funds as well as been trading since the age of 17 - now in his 30's). Taught many to trade successfully. The trial charge is so only those really interested join the trial. After that it is their choice to sign up for longer or not.

As it was explained to me:
It's easy to create a false name.
It's easy to create a different email.
It's not that hard to change or hide your IP address if you can search the internet.
It's hard to fake a credit card or paypal account for that small payment.

They check those payments very carefully for repeats.

Reply With Quote
 
(login for full post details)
  #94 (permalink)
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
Broker: TD Ameritrade
Trading: options, ES/NQ futures, stocks
 
Posts: 76 since May 2011
Thanks: 52 given, 52 received



Here is another vendor

Reply With Quote
 
(login for full post details)
  #95 (permalink)
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
BeachTrader's Avatar
 
Posts: 310 since Nov 2011
Thanks: 153 given, 416 received


trendfriendpa View Post


Here is another vendor

trendfriendpa - What do you think of this vendor or do you know the person running the site? I saw you open a separate thread on it too, so I am guessing you really want us to have a look at this site. Never heard of it myself.

Reply With Quote
The following user says Thank You to BeachTrader for this post:
 
(login for full post details)
  #96 (permalink)
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 967 given, 274 received

I signed up for a week trial, and have been in a lot of rooms. 09-19 She callled at least 3 trades and all hit target2. She did more but that is all I took. NQ, TF and 6E She trades only using fibs and price action patterns. The fibs are marked using her own names. She looks at 60 min, daily charts to help her with determining her long/short directions, and what she calls decisions areas/zones. Her trading charts are 8R and 13R charts. For the first day she was good, clear on entries, targets and stops. I did not trade heavy since it was my first day. She handled the room really good, and I thought the trades were called out ahead of time. I know first impressions are not the best, so I will reserve my full opinion until my trial is done.


Diesel View Post
There are 345 live futures trading rooms; 204 do not post any official track record. Einstein said a thing that has not been measured cannot be understood. True. Without any track record, I find nothing to judge site value. It appears to be an educational site and more than likely, actual trades (entry, exit, tgt, stop) are not called. Right now I only focus on futures rooms with performance records.


Reply With Quote
The following user says Thank You to tradermark2009 for this post:
 
(login for full post details)
  #97 (permalink)
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
Broker: TD Ameritrade
Trading: options, ES/NQ futures, stocks
 
Posts: 76 since May 2011
Thanks: 52 given, 52 received


BeachTrader View Post
trendfriendpa - What do you think of this vendor or do you know the person running the site? I saw you open a separate thread on it too, so I am guessing you really want us to have a look at this site. Never heard of it myself.

I met Scott about 8 years ago. He is one trader who really wanted people to learn to trade and not lose money. I took at least 4 of his classes offered through marketgauge.com. The owners invited him to present the classes at the urging of other traders whom he had helped.

He is clear in his teachings, very knowledgeable about the markets, technical guy and a good person.

If you want to contact him directly - S_lander@bellsouth.net

Reply With Quote
 
(login for full post details)
  #98 (permalink)
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
Broker: TD Ameritrade
Trading: options, ES/NQ futures, stocks
 
Posts: 76 since May 2011
Thanks: 52 given, 52 received


Diesel View Post
There are 345 live futures trading rooms; 204 do not post any official track record. Einstein said a thing that has not been measured cannot be understood. True. Without any track record, I find nothing to judge site value. It appears to be an educational site and more than likely, actual trades (entry, exit, tgt, stop) are not called. Right now I only focus on futures rooms with performance records.

Alla makes it very clear that she is not licensed and only licensed individuals are permitted to post their track record in $. She does post the number of successful trades as well as losers on the website.

Maybe one of the AWT traders will be willing to post their financial track record since they starting using the AWT method.

There was an individual in the room the other day by the name of Dean who is said to be a reviewer of trading rooms. He commented he had not had a losing trade in the 18 weeks he has been in the room. He has not taken the course, only is in the trading room where trades are called. If Dean reads this trend, maybe he will be willing to post his track record.

Reply With Quote
 
(login for full post details)
  #99 (permalink)
ho chi minh city
 
 
Posts: 52 since Mar 2011
Thanks: 16 given, 9 received

I know it's not the best way to decide if a trading room is decent but I have taken the plunge for the trial based primarily on Alla's presentation style in the free webinars on the web. She says all the right cues which make me believe she might have something to offer.

Her delivery style is crystal clear. Now I am curious how well her method does under fire.

Reply With Quote
 
(login for full post details)
  #100 (permalink)
Washington, DC
 
Experience: Intermediate
Platform: Ninja and TOS
Broker: Ninja
Trading: CL, ES
 
Posts: 92 since Dec 2009
Thanks: 109 given, 58 received



trendfriendpa View Post
Alla makes it very clear that she is not licensed and only licensed individuals are permitted to post their track record in $. She does post the number of successful trades as well as losers on the website.

Maybe one of the AWT traders will be willing to post their financial track record since they starting using the AWT method.

There was an individual in the room the other day by the name of Dean who is said to be a reviewer of trading rooms. He commented he had not had a losing trade in the 18 weeks he has been in the room. He has not taken the course, only is in the trading room where trades are called. If Dean reads this trend, maybe he will be willing to post his track record.

He said that he didn't have a losing week, he never said not a losing TRADE...there are plenty of losing trades called in the room - several yesterday.

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > AlphaWave Trading Review (www.alphawavetrader.com)


May 22, 2020


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts