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AlphaWave Trading Review (www.alphawavetrader.com)


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AlphaWave Trading Review (www.alphawavetrader.com)

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  #101 (permalink)
Philadelphia, Pa
 
Experience: Advanced
Platform: Sierra Charts
Broker: Amp/CQG
Trading: CL, ES
 
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Posts: 144 since Jun 2009
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SawDr View Post
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.

Yea and see how many of those losing trades actually show up in the track record on the website!


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  #102 (permalink)
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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trendfriendpa View Post
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

Is that Scott Landers? I know him from Mel Raiman's Precision Trading system. He is a good guy.

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  #103 (permalink)
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
Broker: TD Ameritrade
Trading: options, ES/NQ futures, stocks
 
Posts: 76 since May 2011
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Yes, it is Scott Landers. Met him at one of Mel's classes. Have taken classes developed and presented by Scott through Marketgauge.com Unfortunately, since the strategies were proprietary to Scott, they are no longer offered/available through Marketgauge. The website was a long-term goal of Scott's.

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  #104 (permalink)
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
Broker: TD Ameritrade
Trading: options, ES/NQ futures, stocks
 
Posts: 76 since May 2011
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SawDr View Post
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.

Thanks for the clarification.

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  #105 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
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  #106 (permalink)
Thailand
 
Experience: Intermediate
Platform: Ninja Trader
Trading: Oil
 
Posts: 5 since Jun 2012
Thanks: 0 given, 5 received

Just my 2 cents.... I signed up (and paid) for the trial and as I forgot about the recurring payment I'm in for another month. Am I impressed? No. A trade room that does not place live trades in front of your eyes leaves room for evasive arguments. I have seen her calling 2 NQ long trades at the end of a ralley into supply zone which both lost and I wonder why somebody would do that and on the other hand ignore the very profitable ralley prior to that. At another time I missed a short trade she did not call but suddenly showed up. I asked and she said bluntly I should pay attention as she had mentioned earlier that she "might consider" such trade. Well, without stop order placed in advance there would have been no chance to get into that trade as it was a fast moving break out. And the constant propaganda that she can't tell why she took a trade because those secrets you will all learn in the trading course is not appropriate for a trading room people pay for. And "this is a risky trade our course members would not take", so why does she initiate that in the trading room?. Again...there is no live trading at her end...so I will be gone after the month I paid for.

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  #107 (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 paid for a week then she offered a free week. The last 3 days she had as rp stated 5 losing trades. She explained 3 away, by saying that in her course she "DOES NOT TEACH THOSE ENTRIES SINCE THEY ARE AGGRESSIVE STYLE, SHE ONLY TEACHES CONSERVATIVE TRADES" She states she only calls them to give more trades to her paying trading room clients. Ok, that makes since to me...NOT......she calls trades that are first wave trades that have a low rate of break-out or follow through (Notes: she does not say that her aggressive trades are first wave trades, but my wave counting software from BBT has matched her on all trades but 1. Her so-called conservative trades I think are 3rd wave trades, which have a higher rate of success-near 70-80%. I really do not care about losses, as long as they are to plan. The issue I have is ....do not make excusses for loses, and take ownership of them in the room on those trades she didn't do that....by saying that I only call aggressive trades so the trading room has trades.....that to me is just stupid, then just explain them away that she does not call them in the training room. It just lacks the usual trading room crediability that most rooms do not have...I will add her to my list. Now for those you you have no problem with that then good for you.....but I want to spend my money on a trading rooms transparency, and thruthfulness.....like I said losses are a true reality....just don't make excuses....I really like honesty....and that is where I will spend my hard earned money....not excuses.



rplust View Post
Just my 2 cents.... I signed up (and paid) for the trial and as I forgot about the recurring payment I'm in for another month. Am I impressed? No. A trade room that does not place live trades in front of your eyes leaves room for evasive arguments. I have seen her calling 2 NQ long trades at the end of a ralley into supply zone which both lost and I wonder why somebody would do that and on the other hand ignore the very profitable ralley prior to that. At another time I missed a short trade she did not call but suddenly showed up. I asked and she said bluntly I should pay attention as she had mentioned earlier that she "might consider" such trade. Well, without stop order placed in advance there would have been no chance to get into that trade as it was a fast moving break out. And the constant propaganda that she can't tell why she took a trade because those secrets you will all learn in the trading course is not appropriate for a trading room people pay for. And "this is a risky trade our course members would not take", so why does she initiate that in the trading room?. Again...there is no live trading at her end...so I will be gone after the month I paid for.


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  #108 (permalink)
toronto, ontario/canada
 
Experience: Beginner
Platform: ninjatrader, mt4
Trading: TF, Currencies, ZS
 
Posts: 133 since Oct 2011

do you have the URL for BBT? Would like to check it out. Thanks

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  #109 (permalink)
Philadelphia, Pa
 
Experience: Advanced
Platform: Sierra Charts
Broker: Amp/CQG
Trading: CL, ES
 
longboat's Avatar
 
Posts: 144 since Jun 2009
Thanks: 898 given, 206 received

Yea and I bet the losers don't appear on the monthly track record. Most don't.

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  #110 (permalink)
london uk
 
Experience: Beginner
Platform: NinjaTrader
Broker: Zen-Fire
Trading: Stocks
 
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Posts: 409 since Jun 2009
Thanks: 333 given, 120 received


what I dont understand is in the performance menu it all looks amazing, but are they all the "aggressive" trades that people are NOT supposed to take ... as you're supposed to take the conservative trades.

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