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AlphaWave Trading Review (www.alphawavetrader.com)
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AlphaWave Trading Review (www.alphawavetrader.com)

  #91 (permalink)
Elite Member
philadelphia USA
 
Futures Experience: Intermediate
Platform: TOS, Sierra Chart
Broker/Data: TD Ameritrade, Infinity Futures
Favorite Futures: options, Russell emini futures
 
Posts: 74 since May 2011
Thanks: 50 given, 51 received

AWT - Trading Room


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.

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The following user says Thank You to trendfriendpa for this post:
 
  #92 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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trendfriendpa View Post
understand not allowed to mention

Why?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #93 (permalink)
Elite Member
Boise Idaho
 
Futures Experience: Intermediate
Platform: ninjaTrader
Broker/Data: Amp / CQG
Favorite Futures: ZB
 
Posts: 28 since Dec 2009
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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.

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  #94 (permalink)
Elite Member
philadelphia USA
 
Futures Experience: Intermediate
Platform: TOS, Sierra Chart
Broker/Data: TD Ameritrade, Infinity Futures
Favorite Futures: options, Russell emini futures
 
Posts: 74 since May 2011
Thanks: 50 given, 51 received

A Traders Road

https://futures.io/vendors-product-reviews/23207-traders-road.html

Here is another vendor

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  #95 (permalink)
Elite, not Elitist :)
San Diego
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: AMP / CQG
Favorite Futures: CL, ES, NQ
 
BeachTrader's Avatar
 
Posts: 339 since Nov 2011
Thanks: 153 given, 401 received



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.

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The following user says Thank You to BeachTrader for this post:
 
  #96 (permalink)
Elite Member
Concord, CA
 
Futures Experience: Intermediate
Platform: Sierra Charts and NT7
Broker/Data: AMP/CQG
Favorite Futures: Mini's and CL
 
Posts: 225 since Oct 2009
Thanks: 929 given, 272 received

I have been in a lot of rooms....not bad so far

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.


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  #97 (permalink)
Elite Member
philadelphia USA
 
Futures Experience: Intermediate
Platform: TOS, Sierra Chart
Broker/Data: TD Ameritrade, Infinity Futures
Favorite Futures: options, Russell emini futures
 
Posts: 74 since May 2011
Thanks: 50 given, 51 received

A Traders Road


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


Last edited by trendfriendpa; September 20th, 2012 at 11:12 PM. Reason: mistyped word
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  #98 (permalink)
Elite Member
philadelphia USA
 
Futures Experience: Intermediate
Platform: TOS, Sierra Chart
Broker/Data: TD Ameritrade, Infinity Futures
Favorite Futures: options, Russell emini futures
 
Posts: 74 since May 2011
Thanks: 50 given, 51 received

Track Record Not Available


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.

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  #99 (permalink)
Trading for Fun
ho chi minh city
 
Futures Experience: Intermediate
Platform: Metatrader 4
Favorite Futures: Forex
 
Posts: 52 since Mar 2011
Thanks: 16 given, 9 received

signed up for a trial

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.

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  #100 (permalink)
Elite Member
Washington, DC
 
Futures Experience: Intermediate
Platform: Ninja and TOS
Broker/Data: Ninja
Favorite Futures: CL, ES
 
SawDr's Avatar
 
Posts: 55 since Dec 2009
Thanks: 81 given, 38 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.

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