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AlphaWave Trading Review (www.alphawavetrader.com)

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  #101 (permalink)
 longboat 
Philadelphia, Pa
 
Experience: Advanced
Platform: Sierra Charts
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Trading: CL, ES
 
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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)
 BeachTrader 
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)
 trendfriendpa 
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
Broker: TD Ameritrade
Trading: options, ES/NQ futures, stocks
 
Posts: 77 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)
 trendfriendpa 
philadelphia USA
 
Experience: Intermediate
Platform: TOS, Webull, Tradovate
Broker: TD Ameritrade
Trading: options, ES/NQ futures, stocks
 
Posts: 77 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)
 Big Mike 
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  #106 (permalink)
 rplust 
Thailand
 
Experience: Intermediate
Platform: Ninja Trader
Trading: Oil
 
Posts: 5 since Jun 2012
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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)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 974 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)
 flipper26 
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)
 longboat 
Philadelphia, Pa
 
Experience: Advanced
Platform: Sierra Charts
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Trading: CL, ES
 
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Yea and I bet the losers don't appear on the monthly track record. Most don't.

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  #110 (permalink)
 tellytub 
london uk
 
Experience: Beginner
Platform: NinjaTrader
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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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  #111 (permalink)
 longboat 
Philadelphia, Pa
 
Experience: Advanced
Platform: Sierra Charts
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tellytub View Post
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.

Ha she doesn't say what is an aggressive trade till after it loses and then she doesn't include it in the track record. Simply ridiculous ripoff for people paying for a trade room. Her solution? Spend $3k to learn the better trades... ah right!

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  #112 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 974 given, 274 received

Here is the URL for BBTrades: BBTrades Base Pack - BBTrades The indicator is BBT_ABC

It has a lot of different settings on this indicator. Waves, ABC,'s ect

Here is the manual, this is a partial since users get a detailed one which is 94 pages: https://www.bbtrades.com/uploads/3/9/0/9/3909145/bbtrades_indicator_guide_-_nt7_brief.pdf


flipper26 View Post
do you have the URL for BBT? Would like to check it out. Thanks


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  #113 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
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Longboat, you're right. For 3 days we only watched her trade, and wrote them down. Her aggressive trades that were losers, not all were recorded, and the all the aggressive winners were. So as usual do not believe her stats they are fiction, and not exact. It's really too bad the first 2 days she have 1 loser, and it was recorded....but from that point one, her loses where not always recorded as such. She did say for the most part, that the trades were aggressive prior to the trades to taking them....I do not remember if she called all of them.


longboat View Post
Ha she doesn't say what is an aggressive trade till after it loses and then she doesn't include it in the track record. Simply ridiculous ripoff for people paying for a trade room. Her solution? Spent $3k to learn the better trades... ah right!


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  #114 (permalink)
 ironman07 
Kansas City Mo.
 
Experience: Intermediate
Platform: Tradestation
Broker: tradestation
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tradermark2009 View Post
Here is the URL for BBTrades: BBTrades Base Pack - BBTrades The indicator is BBT_ABC

It has a lot of different settings on this indicator. Waves, ABC,'s ect

Here is the manual, this is a partial since users get a detailed one which is 94 pages: https://www.bbtrades.com/uploads/3/9/0/9/3909145/bbtrades_indicator_guide_-_nt7_brief.pdf

Trademark Would you mind starting a thread on BBT? their manual actually looks detailed and has many good trading examples with explanations.. Any other feedback you might have appreciated.

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  #115 (permalink)
 longboat 
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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Don't ever sign up for newsletter updates. I have tried to unsubscribe three times and it is impossible. You also get one every day from some other vendor like Felton Trading to name one, that she sells your name to!


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  #116 (permalink)
 gilharris 
Corpus Christi, Tx
 
Experience: Advanced
Platform: Ninja Trader
Trading: 6E
 
Posts: 6 since Aug 2012
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I've been reading the comments about Alpha Wave Trader. I like everyone else, did the one week free and then signed up for a monthly subscription. I figured I could just make money following her. There were times that I was in her trading room that I missed trades, because they occurred so quickly. After about 2 weeks in the class, I could tell she really did see something and I wanted to learn it, so I signed up for the education class. The 1st week in the class, I could see the trades and by the 3rd week I started trading a live account. I have been profitable ever since. What I liked most about the program, is that once I finished, I had a trading plan. I knew when to get in and out of a trade. How many contracts to trade, where to place my stops, what time of day and what days to trade. I don't need anyone to hold my hand anymore. I can see and take the trades by myself.
Until learning her method, it is hard to understand why so many of the trades that are taken have bad ratios. I only take trades that give me a minimum of a 1 to 1 ratio. There are normally one or two trades a day that setup on the instruments I trade. After learning her method, I know that it would be next to impossible to trade 3 instruments with a live account. So many of the trades occur so quickly. If she only traded the conservative trades that I take, very few people would be patient enough to sit there day after day waiting on a trade. I'm thankful I learned from her.

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  #117 (permalink)
 aligator 
Las Vegas, NV
 
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
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Does Ala Peters from AlphaWave go by the name Josephine on certain forums?

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  #118 (permalink)
 gilharris 
Corpus Christi, Tx
 
Experience: Advanced
Platform: Ninja Trader
Trading: 6E
 
Posts: 6 since Aug 2012
Thanks: 28 given, 12 received

Not that I'm aware of

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  #119 (permalink)
 rogera 
Spencer, WV 25276
 
Experience: Intermediate
Platform: Ninja Tradeer
Trading: 6E, CL, TF and ES
 
Posts: 11 since Sep 2011
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gilharris View Post
I've been reading the comments about Alpha Wave Trader. I like everyone else, did the one week free and then signed up for a monthly subscription. I figured I could just make money following her. There were times that I was in her trading room that I missed trades, because they occurred so quickly. After about 2 weeks in the class, I could tell she really did see something and I wanted to learn it, so I signed up for the education class. The 1st week in the class, I could see the trades and by the 3rd week I started trading a live account. I have been profitable ever since. What I liked most about the program, is that once I finished, I had a trading plan. I knew when to get in and out of a trade. How many contracts to trade, where to place my stops, what time of day and what days to trade. I don't need anyone to hold my hand anymore. I can see and take the trades by myself.
Until learning her method, it is hard to understand why so many of the trades that are taken have bad ratios. I only take trades that give me a minimum of a 1 to 1 ratio. There are normally one or two trades a day that setup on the instruments I trade. After learning her method, I know that it would be next to impossible to trade 3 instruments with a live account. So many of the trades occur so quickly. If she only traded the conservative trades that I take, very few people would be patient enough to sit there day after day waiting on a trade. I'm thankful I learned from her.

I have not posted for awhile, but will post once again. I agree with Gil that one has to wait for the best setups. Additionally, I also find it difficult to trade more than one instrument--reason is because to analyze the highest probability setup takes some time and I miss trades on other instruments when I attempted to trade 3 instruments. One can trade a slow instrument--like ZB, ZN or ES with a faster instrument like TF, YM or NQ; however, I still will miss trades. But to trade CL with another instrument I find it impossible for me.
If any of you cannot trade nor know how to read waves and candlestick patterns, then she can teach you this. She taught me this when no other room (of many that I have been in) did.
Steve Nison teaches candlestick patterns, but does not teach you how to trade the patterns. The question you need to ask yourself is: is it worth over $3,000.00 (or whatever she is now charging) to learn this. You have to decide this for yourself.
I am no longer in the trade or education room, and have not been since August. I learned the method in
April of 2012 and have had a few months time to evaluate it. I am not one that wants to sit around everyday a few hours watching my charts and may not get even one good setup for that day. Therefore, I now trade another method but still use Alla's method when it sets up--what I mean by this is if I am not in a trade, I will take one, but if I am already in a trade and it sets up I will go for higher profit targets from my initial entry.
What she taught me has improved my trading, although I no longer strictly trade her method alone.
When i first started her method I took many setups, but did not restrict it to the highest probability ones. I had a fantastic record for the first 10 days, but then I started not to have such a good record and actually would have losing days and breakeven weeks. It was then I knew I had to wait for the really high probability set ups; however, there were too few of them each week to earn the money I require to live.
The weekly income that I require is the reason that I had to go to another method for trading (I am retired and have been using up my IRAs while learning to trade). Additionally, I would not always get filled on 5 contracts on the illiquid instruments where you get more setups than you do on ES. Therefore, on the low volume instruments that I mentioned above one cannot put on the amount of contracts that would return a livable return when waiting for one to three high probability trades a week using her method alone on one instrument.
Additionally, if one uses the stops she teaches and the profit targets she teaches, one can actually lose even when you gets the first target on multiple contracts--unless you wait for the best setups that rarely occur; and, you are lucky if you get more than one from 9:00 to 11:30 EST; AND, you move your stops differently than she teaches.
I have mentioned in my earlier posts about too many trading the method on the illiquid instruments--no fills or partial fills unless you want and accept slippage by doing market orders.
Alla does not trade a live account but makes her living off of her room. She acknowledges this and states her reasons why she does not trade a live account, but I wonder if this is the whole story????
In summary, she does teach a method where one can trade and can succeed, if you learn proper money management, only take the high probability trades when they present themselves, and are satisfied to make at best a few hundred dollars a week trading 3 contracts. Additionally, I had to marry other time frame charts with the basic 8 and 13 range charts she uses in order to get the highest probability trades--this is the reason I could only trade one market using her method alone.
I believe most traders in her education room are simulating and not trading live accounts--or they were when I was there through August of this year. Gil, Jonathan (no longer in the room) and myself were the only traders that I know that traded a live account. I do not know any traders that make good money ($150,000.00 per year or more) that are using her method alone. The ones that make good money, that I know, have combined her method with other things they know or trade their own methods.

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  #120 (permalink)
 longboat 
Philadelphia, Pa
 
Experience: Advanced
Platform: Sierra Charts
Broker: Amp/CQG
Trading: CL, ES
 
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Posts: 144 since Jun 2009
Thanks: 901 given, 214 received

Yea sure we believe you, ......NOT!


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  #121 (permalink)
 rogera 
Spencer, WV 25276
 
Experience: Intermediate
Platform: Ninja Tradeer
Trading: 6E, CL, TF and ES
 
Posts: 11 since Sep 2011
Thanks: 5 given, 33 received


Diesel View Post
I have observed ~143 live futures trading rooms over the past 2 years and evaluated 50-1000 live trades for clarity of trade entry (entry price, targets, stops), financial stewardship and actuate performance records in each room. Alpha Wave is among the top 10 best rooms that I have seen and is consistently profitable; I am at trade 412 as of this writing. I posted such a testimony on their web site.

I agree that often, due to attendee pressure, head traders will call less that perfect set ups, as opposed to sitting on their hands. Almost all rooms succumb to this pressure but be assured even such less than perfect trades do not cast a significant negative effect on overall profit loss. A publication I have written, The First-Rate, First-String, Five-Star Futures Trading Rooms, delineates this and other aspects of superior trade performance. It is in press with Futures Truth Magazine.

Hi Diesel,

I do not remember you from the Education/Trade room. Did you purchase the system and are you a member of the Education room?

I question that you have taken 412 live trades and are profitable in your cash account--especially if you use the money management that Alla teaches. Since I do not remember you, over what length of time were these trades taken? Are these simulation trades or live cash account trades? Which instruments are you trading? How many contracts do you trade? Do you have any fill problems? Are your entries based on buy and stop limit orders or market orders, or precisely how are you entering? Are you taking your own trades, or are you taking the trades Alla calls, or that Danny calls, or precisely how do you choose which trades you take? How many charts are you using on each instrument that you trade and which ones are they? Alla teaches that you should use a minimum of 2 charts, and she uses at least 3 charts on each instrument.

Danny calls very few trades, Alla can call many, but 412 trades is dfficult for me to believe unless you are trading many instruments and the time frame has to be at least a year, unless you are taking every trade possible and then I know you must be losing money! If you are not losing money, please prove it to me by sending me a private message with an attached pe;rformance record of your cash account. You can do this without giving your account number in Ninja. I have done this in the past for others who wanted to see my performance record.

I agree with you and posted that Alla teaches a method where one can trade profitably; however, my experience with the method has taught me that you cannot enter all of her setups and to be profitable that you must only enter trades that are the very best.

These very best trades on a chart are: 1. you have at least 3 profit targets before you have a support/resistant area on that chart, 2. the 60 min chart is in a particular wave pattern (also the 60 min chart takes time to learn to read the wave patterns and most have difficulty with it, but time and experience with it and you can master it), 3. And, when entering a trade on a shorter time frame chart you want to see that a higher time frame chart is also setting up the trading pattern she teaches.

Additionally, besides the 3 charts she uses on an instrument I found it necessary to also have other time frame charts up on the same instrument in order to get more than 1 to 3 very best trades a week during the best trading hours of 9:00 AM to 11:30AM EST. Therefore, I was running the following charts: 8, 13 and 21 range, 3, 5 and 60 minute and a 600 and 900 tick chart on each instrument that I wanted to trade--reason why I stated that I could only trade one instrument and not miss the very best trade setups.

Jonathan, the former moderator and an exceptional trader but is no longer with her, also used many time frame charts on the CL. He used 3 different tick charts, minimum of two range charts and a minimum of 3 minute charts. CL was the only instrument that he traded. Additionally, I recommend that one should pick one instrument to trade so that you know that instrument.

I will state that if you use the charts and type of trades that I set forth above, my win percentage was 85 to 90% overall and many days it was 100%. However, with the illiquid markets I did have fill problems on TF, CL and NQ. Additionally, I used a different money management strategy than she teaches.

I still use her method but have combined it with my method and what I have learned, through experience, of watching charts to trade successfully.
In summary I would like to know how you are trading the method with your 412 trades and were they executed in a live account wherein you can verify your results? Also, why are you not a moderator in the education room—with your purported success with the system??? The traders in that room sure could use your success to increase their accounts!!!

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  #122 (permalink)
 rplust 
Thailand
 
Experience: Intermediate
Platform: Ninja Trader
Trading: Oil
 
Posts: 5 since Jun 2012
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Diesel View Post
I have observed ~143 live futures trading rooms over the past 2 years and evaluated 50-1000 live trades for clarity of trade entry (entry price, targets, stops), financial stewardship and actuate performance records in each room. Alpha Wave is among the top 10 best rooms that I have seen and is consistently profitable; I am at trade 412 as of this writing. I posted such a testimony on their web site.

I agree that often, due to attendee pressure, head traders will call less that perfect set ups, as opposed to sitting on their hands. Almost all rooms succumb to this pressure but be assured even such less than perfect trades do not cast a significant negative effect on overall profit loss. A publication I have written, The First-Rate, First-String, Five-Star Futures Trading Rooms, delineates this and other aspects of superior trade performance. It is in press with Futures Truth Magazine.

I don't contest her trading approach (there are a thousand ways) but she does not trade live (nor on demo), thus to talk about a trading room is superfluous.

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  #123 (permalink)
 greenroomhoo 
annapolis USA
 
Experience: Intermediate
Platform: Ninja, MC, Sierra, Amibroker
Broker: PFG (too bad), IB, Fidelity, AMP
Trading: ES, NQ, Equities, Forex, Etc.
 
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i would love to hear what the other nine trading rooms were in the top 10...if you would not mind. thanks





Diesel View Post
I have observed ~143 live futures trading rooms over the past 2 years and evaluated 50-1000 live trades for clarity of trade entry (entry price, targets, stops), financial stewardship and actuate performance records in each room. Alpha Wave is among the top 10 best rooms that I have seen and is consistently profitable; I am at trade 412 as of this writing. I posted such a testimony on their web site.

I agree that often, due to attendee pressure, head traders will call less that perfect set ups, as opposed to sitting on their hands. Almost all rooms succumb to this pressure but be assured even such less than perfect trades do not cast a significant negative effect on overall profit loss. A publication I have written, The First-Rate, First-String, Five-Star Futures Trading Rooms, delineates this and other aspects of superior trade performance. It is in press with Futures Truth Magazine.


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  #124 (permalink)
 quin2k 
Wellington, New Zealand
 
Experience: Advanced
Platform: Ninja Trader, MetaTrader
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rplust View Post
I don't contest her trading approach (there are a thousand ways) but she does not trade live (nor on demo), thus to talk about a trading room is superfluous.

My exact sentiments, rplust. End of story!

quin2k

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  #125 (permalink)
 Jaguar52 
NY + NY/USA
 
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But the same for everyone.... no matter who you are, or where you come from. There is just no getting away from it.
I found this string (I finished trading early today) and read through it entirely.

Everything in this string is great - either pro or con. No matter what you read, anywhere by anyone, your best chance is to prove things to yourself. This business will require investments of time and money for due diligence and research. Only take advice from your mom or dad. Period. And once you reach 21, take even that with a grain of salt.

So, go out there and investigate enough to make a decision - your own decision based on what you can see. If you cannot see it, be careful to not hope it is being hidden from you for a price. There are no magic formulas, or systems or methods. In trading, the bottom line is the real cash trading of the method or systems by you, not anyone else. Unfortunately, this lesson does not come cheap... ever.

YOU ARE THE HOLY GRAIL.

PS - Hey DH - are you still doing that crazy thing?

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  #126 (permalink)
 andrewrunners 
Miami, FL, USA
 
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I have made many favorable posts in the past regarding Alla Peters and Alpha Wave but unfortunately things have changed. I went back into the room on one of her free Tuesdays and was appalled at what I found. She posted an entry for a trade on the TF and as soon as it triggered she rolled her entry 3 ticks back. So, according to her, I entered the trade 3 ticks late. Anyway, she recommended closing the trade at break even, even though people like me were down on the trade. She booked it as a one tick winner. She got clobbered in her trades on crude oil. She has morphed into a slick huckster who will do anything to avoid booking a loss. In the middle of this debacle she was showing pics of her new dog in the trading room.

ANDREWrunners
FIAT VOLUNTAS TUA
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  #127 (permalink)
 GrkBear 
Woodstock, GA
 
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As a trader who uses fibs, I am always looking for an edge or nugget I can use. I attended her webinar today and decided to come here to Big Mikes to see if anyone else has had any experience with her and her room. After listening to her, I was not impressed, even more so after reading the posts here. Yeah, there are a lot of rooms that charge what she charges and way more, but is that using proper logic to justify paying for her room?? Save yourself the money and use it towards an account. There is plenty of free trading info out there. Take the time to find it and study it. Once you find something you are comfortable with, make it yours. The education fee for AWT would be better served in your trading account.

P.S. This goes for most "Education Rooms" that charge a pretty penny. As Jaguar52 said, " You are the Grail".

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  #128 (permalink)
 grinder 
Boise Idaho
 
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andrewrunners View Post
I have made many favorable posts in the past regarding Alla Peters and Alpha Wave but unfortunately things have changed. I went back into the room on one of her free Tuesdays and was appalled at what I found. She posted an entry for a trade on the TF and as soon as it triggered she rolled her entry 3 ticks back. So, according to her, I entered the trade 3 ticks late. Anyway, she recommended closing the trade at break even, even though people like me were down on the trade. She booked it as a one tick winner. She got clobbered in her trades on crude oil. She has morphed into a slick huckster who will do anything to avoid booking a loss. In the middle of this debacle she was showing pics of her new dog in the trading room.

I'm sorry to hear this. I learned techniques from AWT that I use everyday in my trading.

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  #129 (permalink)
FalseProphets
Toledo, OH
 
 
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Hello,
Keeping the traders helping traders philosophy in mind, I thought I would post something more than just a critique.
Yes, she is slick and has built up a good sized room in a small time for doing very little. Comments from others during her webinars range from typical newbie wonder of fibs to guys drooling on Ukranian(?) accent. They obviously have not been hustled before.
The entry is simply a double top/bottom or a W/M style reversals. She enters after the first wave, at the point where a pivot is taken out and sets the first of 3 targets at a symmetry end of an ABC pattern. This by definition has an inverted rr. When the waves develop from a minor abc to a full fledged 5 wave pattern, the other two targets are set at fib numbers for wave 4 and 5 (generally around 261 to 361 levels). This she calls danger zones. How cute!
This is a valid entry for price action and its also in every price action based text ever written.
Folks are getting sucked in by the mystery she creates when she draws using her magic fib wand, not knowing that the tools are free and so is the setup. The trade mgmt is weak and the entry is too sparse to be a full trading system.
You may make up your own mind about her personal brand of ethics regarding her winner/loser tally.
Hope the post helps atleast 1 futures.io (formerly BMT) member before he/she squanders hard earned dollars.
Thanks!

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  #130 (permalink)
 kignkenny 
LA, CA, USA
 
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andrewrunners View Post
I have made many favorable posts in the past regarding Alla Peters and Alpha Wave but unfortunately things have changed. I went back into the room on one of her free Tuesdays and was appalled at what I found. She posted an entry for a trade on the TF and as soon as it triggered she rolled her entry 3 ticks back. So, according to her, I entered the trade 3 ticks late. Anyway, she recommended closing the trade at break even, even though people like me were down on the trade. She booked it as a one tick winner. She got clobbered in her trades on crude oil. She has morphed into a slick huckster who will do anything to avoid booking a loss. In the middle of this debacle she was showing pics of her new dog in the trading room.

The funny thing is I never saw a picture of her INSIDE that room!!!

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  #131 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
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kignkenny View Post
The funny thing is I never saw a picture of her INSIDE that room!!!

@kignkenny:

Well, if you're looking after a picture at all, here you go...

Alla Peters - Trader Kingdom

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  #132 (permalink)
 kignkenny 
LA, CA, USA
 
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Daytrader999 View Post
@kignkenny:

Well, if you're looking after a picture at all, here you go...

Alla Peters - Trader Kingdom


Nope, you didn't get it, always a picture of her, then a separate picture of a room, but NEVER a picture of herself INSIDE that trading room!!! Does not exist!

Just a ploy to sucker peeps in...

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  #133 (permalink)
 rwbil 
Baltimore MD
 
Experience: Intermediate
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After reading various reviews on Alpha Waves, I thought I would try the 1 week for $10. Maybe I would learn something.

I have only tried it out for one day, but I will tell you want I saw for that day.

First I am very suspicious of any of the post here that only say GREAT things. There are always pros and cons. Maybe these folks have drunk the Kool-Aid.

Trades

First I only traded in Sim. She tells you to go long on oil and only gives a stop. No entry, no target. And then she says we are out with a profit. Seriously! I went long oil the second she said to and then got stopped out.

I and other students questioned her and like others have said she just belittles the people who ask her about the trade. It was a complete joke.

I took one other trade based on her call that also got stopped out and she booked it as a winner.

She then talked about how she had 19 winners this week and 1 loser.

But it was clear she did not trade anything. I have no idea how she came up with that winning ratio. But if it is not based on live trades being filled then it is just a made up fantasy number.

Trading Room

There were around 70 people in the room.

I would think going into a Trading Room the moderator, Ally, would teach her method. That is definitely not what you get here. Instead it seemed to be a sales pitch for her educational material.

The trades called were a joke. I do not know any nice way to put it. I seriously doubt anybody, unless by pure luck, could make money trading based on her losey gosey calls.

It seemed her trading system was based on wave theory and custom Fib numbers.



Overall Thoughts


Her trading room seemed to be more about entertainment than actual trading. Maybe people are paying to be entertained by her. She talked about moving to Florida and not getting a hotel reservation. She then talked about Australia and how there minimum wage was $17. She then went on talking about how great Australia was compared to the US. I did not agree with anything she said, but not worth trying to argue via a chat menu.
Her strategy seems to use the Trading Room as a front to get people to buy her course. She even talked about her advance course. I loved how she said you might get the privilege of being invited to take her advance course after completing her regular course.

This whole sales pitch thing kind of made me ill.

Except for what I said above, I really could not understand what the point of the living trading room was. She made it clear you had to study her educational material before you could follow her trades, but it sounded like there was another trading room for her students who bought her educational material. If that is the case then what purpose could this trading room be for except as a place to sale you on her educational material.
In other words her calls in the live trading room are not clear enough to trade and she says you have to understand her material to be able to know when to trade and if there is another trading room for those students, then what in the world does this live trading room provide?

I have no idea how good her educational material is. Maybe it will help or maybe not. I only can say in my opinion her non student trading room has little value.


After Ally finally left, Danny took over the room. What a breath of fresh air. I asked him what the purpose of this live trading room and he said it was to show you what you could do once you learned her system. At least that was the 1st honest statement I heard there.

Chatting with Danny, he says he trades live in this pre market oil room. He was one of her students that she personally mentored. I do not know how much live trading he has done. Being he seemed upfront, genuine, and honest, I might give his room a one week trial. One concern was he also put out some Win Rates, but when asked about the Risk to Reward I could not get an answer. It was like he did not understand if you have a 4 Tick Target with a 12 Tick Stop you need an 80% win rate to be overall profitable.

Afterwards I Skyped with one of her students. He seemed very positive. According to him there were 100 students in the training course. Gosh, I was thinking 100 students at $3,000 a pop for an 8 week training course; Ally is doing pretty Good. Like I said he was happy with the course, but when I asked him for the most basic trading performance statistics he could not provide any. He had not really started to trade live yet and did not even care what his stats where. Yet he had full confidence in the system. I just do not think like that. I want to see proof.


She has some free days. I think they are more like sales pitch day. I would suggest going on one of those days and see for yourself.

Anybody is welcome to freely PM me if they have questions.

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  #134 (permalink)
 gordobo 
New York<NY
 
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Just wanted to add my two cents...
I spent this morning in Alla’s room and I was extremely disappointed. The whole thing looks like a scam. She refused to share her dom when I asked for it. She refused to answer my question about the approach (on the high level) that she uses to define so-called “Danger Zones” and “Decision Points”. She told me that it was her proprietary method that she developed over the course of 15 years of her trading career. Even with Ninja trader pivots you’ll get more precise levels of PP,S1,s2,r1,r2 then with her “proprietary” method. I asked several other questions just to assess her knowledge and understanding of what she was doing but all I heard was “proprietary” method, go and take my course (for $3,300).
Just click on “My story” tab on her AphaWaveTrader web site and read it.
She claims to be a ballet dancer from Ukraine and claims that G..d instructed her how to read unique patterns in price waves. I find it very amusing!!!
My recommendation - don't waste your time and money.

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  #135 (permalink)
 peterg 
maui
 
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Nothing special here...move along.. you can find Alla Peters videos on Trader Kingdom for free.

Compare the above charts with the video, with the ES she uses candle bodies on primary wave... with Cl uses a wick and a body on the 4th wave.

Fibonacci levels on ES, TF, and CL - Trader Kingdom

She uses a basic fib retracement tool in reverse to project basic fib extensions 189, 262, 360, 460 & 560 from the candle body closes of primary wave (read "Alpha Wave".) In other videos a 162EXT and 200Ext are used.

Regardless, She renames/claims them as "Decision PT 1&2" and "Danger Zones 1&2" and some times 3.

This is a regressive/backward technique using a two point retracement tool to give essentially external retracements ...it works and is more quickly accomplished than using an fib extension which requires 3 points to be picked projection and is more progressive and easier to follow and accounts for the retracement depth of the last wave... "Simple" as she often says. To which I say not very dynamic, let alone exact

But is it for speed or mystery? And why rename something to make it proprietary, or again mystery?

And why truncate price action / target projection by using time based candle closes instead of including the wicks?

This is in direct conflict with her "Pure Price Action" approach as well her insistance on using range candles as well as fib candle range sizes 8,13,21.

Time Candle closes are determined by TIME not Price, however she never discusses Time Projections/ Expirations in her wave analysis.

Her nomenclature is less than standard which also adds to the confusion or better ( Mystery.)

She uses "Major trend" and "Minor trend" and how a "retracement" is not a "correction" or a "reversal"

I dont know maybe a retracement is a minor trend and a correction is a reversal or a retracement or both. However don't ask for a clarification....That'll set you back 3K and way too much personal patience

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  #136 (permalink)
 kignkenny 
LA, CA, USA
 
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I am still getting emails from them, after I let them know what I thought of them (several times and not in very nice tone either!!)
Persistence is the key I know, but this is getting seriously ridiculous!!! Any thoughts how to stop them jamming my inbox?

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  #137 (permalink)
 longboat 
Philadelphia, Pa
 
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Had the same problem. She ignored my request. I finally had to just set gmail to recognize it as spam. Nice huh?


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  #138 (permalink)
 kevinkdog   is a Vendor
 
 
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kignkenny View Post
I am still getting emails from them, after I let them know what I thought of them (several times and not in very nice tone either!!)
Persistence is the key I know, but this is getting seriously ridiculous!!! Any thoughts how to stop them jamming my inbox?

Try this:

How to Report a Violation of the CAN-SPAM Act | eHow.com

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  #139 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
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same here, they are still sending junk email to me, I pull it to spam.

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  #140 (permalink)
 ironman07 
Kansas City Mo.
 
Experience: Intermediate
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Since we are in the midst of a classic snow storm i have a few weeks free to visit some trading rooms.. alfa wave room is the first . After reading previous reviews I was braced for the "show" Ala was putting on. Question number 1 will you show you DOM are you just winging it here? she didn't like and tried to change the subject something she is a master at. When i asked about her so called danger zones as simply being fib extensions she seemed even more disturbed/
To clarify here my previous profession was in the adult entertainment business and managing over 40 entertainers/strippers so I'm a expert in spotting women who know how to work men and Ala should get a award for all the crap she comes up with. She talk a good game but your not going to learn a thing of value in her free room. Every trade i saw was called out after the fact and all the losers were swept under the carpet/ When I finally addressed why she didnt want to talk about the losers she had shown she tried to turn the tables calling me trouble to which i said the only trouble i was having was trying to understand her ramblings about everything but the trade set ups. She kept trying to change charts to find a few winning trades she could show the room.
After seeing the charts posted here and on her videos I cracked her so called code and sent her a message that I didnt need to take her 3500 class as I had already figured it out . Just take a look at the pics section on her site and you'll see a number of older men snuggling up to her and Ella striking poses like the so called model/ hustler she appears. The days I had were entertaining but as far as educational value NONE. If you'd like to hear a Russian MILF tallk like a sex operator then this is the room for you.

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  #141 (permalink)
 wavey 
Germany / Italy
 
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I checked them out recently as well, but had to cancel due to all the sales talk. Danny was in on a Friday and atmosphere was much nicer than with Alla I found. They appeared to be pretty disciplined but was not long enough with them to comment on statistical significant call quotas.

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  #142 (permalink)
 gilharris 
Corpus Christi, Tx
 
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I took the Alph Wave class over two years ago and it really helped my trading. I did the PHD program with Investtools and wasted thousands of dollars signing up and then going to their seminars around the country ect.. and never made any money. When I signed up for the PHD program the instructor told me and the other person that he would personally make sure we were successful. I never heard from him again. I've done Tradeguider, Keene on the Mkts, DTI and the list goes on. The thing is with all trading rooms, it is like going to a zoo. Everyone likes something different. I know there have been very successful traders in every one of the trading companies I have listed. They just didn't work out for me.

In learning the Alpha Wave Method, what was taught made sense to me and I could see the trades and follow the rules for trading. I learned and made the trades even more conservative and with better ratios (2-1, 3-1 etc) than are shown in the trading room. When Alla is demonstrating her method, she is trying to attract new students. I haven't listened in some time, I think she posts and says her calls are for demonstration only. She just makes calls as she sees. She doesn't trade live or in Sim. When there have been posts that she called winners and losers incorrectly, it does occur, but I believe it is done accidentally.

I believe Alla is one of the best traders I have ever seen. Some of us love what we learned from her. There have been students that say they are very successful. As I said, it is a zoo and we all like different personalities and trading styles.

In the beginning, I thought anyone could just follow her calls and do very well trading. After taking her class, I took very few of the calls she made. They were very aggressive. She is trading very aggressively just to show her ability to make the calls in the right direction and market to obtain new students.

I have met her and her family in person. They are a very nice family and I enjoyed the time I spent with them. I like what I learned from her and plan on always following her method.

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  #143 (permalink)
JCHAWAII
Haleiwa, Hawaii, USA
 
 
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#142 (permalink) Report Post
gilharris
Elite Member
Corpus Christi, Tx

Trading Experience: Advanced
Platform: Ninja Trader
Favorite Instrument: 6E

Posts: 6 since Aug 2012
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Alpha Wave Trader
I took the Alph Wave class over two years ago and it really helped my trading. I did the PHD program with Investtools and wasted thousands of dollars signing up and then going to their seminars around the country ect.. and never made any money. When I signed up for the PHD program the instructor told me and the other person that he would personally make sure we were successful. I never heard from him again. I've done Tradeguider, Keene on the Mkts, DTI and the list goes on. The thing is with all trading rooms, it is like going to a zoo. Everyone likes something different. I know there have been very successful traders in every one of the trading companies I have listed. They just didn't work out for me.

In learning the Alpha Wave Method, what was taught made sense to me and I could see the trades and follow the rules for trading. I learned and made the trades even more conservative and with better ratios (2-1, 3-1 etc) than are shown in the trading room. When Alla is demonstrating her method, she is trying to attract new students. I haven't listened in some time, I think she posts and says her calls are for demonstration only. She just makes calls as she sees. She doesn't trade live or in Sim. When there have been posts that she called winners and losers incorrectly, it does occur, but I believe it is done accidentally.

I believe Alla is one of the best traders I have ever seen. Some of us love what we learned from her. There have been students that say they are very successful. As I said, it is a zoo and we all like different personalities and trading styles.

In the beginning, I thought anyone could just follow her calls and do very well trading. After taking her class, I took very few of the calls she made. They were very aggressive. She is trading very aggressively just to show her ability to make the calls in the right direction and market to obtain new students.

I have met her and her family in person. They are a very nice family and I enjoyed the time I spent with them. I like what I learned from her and plan on always following her method.


Aloha

Like Lauren Bacall, you got me when you said Trading Rooms are like a zoo...lol and how true. I love it how passionate some of the people in futures.io (formerly BMT) get about their opinions. I learned in the Army that opinions are like a** holes, everyone's got one. I've never had any time for forums before so I make a lot of protocol mistakes here, for which I am sternly corrected very quickly.

I just wanted to put my 2 bits in about Allah Peters. She sounds like she is making love to the market...lol.

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  #144 (permalink)
thailerdurden
san antonio, tex
 
 
Posts: 79 since Nov 2014
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wow! JCHAWAII , you have tried more things than even me. Personally I have gotten very good at spreadsheet programming, and that's about it.

You actually learned something from ALLA PETERS?? I found that she has a great voice, because she was opera trained. I'm willing to look past her broken english "remember what we must remember"..."meaning of the meaning" and "s and p respects decision point 2". But if she cannot make sense in her trading room, how is she going to be able to teach me anything??

That's also the conundrum of a free trial. If I don't learn anything, then I wouldn't pay for the program. If learn a lot, then I don't need the program.

Also, if these gurus are so great, why don't they post the trading logs that show the time/position/profit. All trading platforms make this easy, even in the demo mode.

Even I know how to do that!

Hawaii huh! Lucky you!!!

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  #145 (permalink)
JCHAWAII
Haleiwa, Hawaii, USA
 
 
Posts: 25 since Feb 2014
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thailerdurden View Post
wow! JCHAWAII , you have tried more things than even me. Personally I have gotten very good at spreadsheet programming, and that's about it.

You actually learned something from ALLA PETERS?? I found that she has a great voice, because she was opera trained. I'm willing to look past her broken english "remember what we must remember"..."meaning of the meaning" and "s and p respects decision point 2". But if she cannot make sense in her trading room, how is she going to be able to teach me anything??

That's also the conundrum of a free trial. If I don't learn anything, then I wouldn't pay for the program. If learn a lot, then I don't need the program.

Also, if these gurus are so great, why don't they post the trading logs that show the time/position/profit. All trading platforms make this easy, even in the demo mode.

Even I know how to do that!

Hawaii huh! Lucky you!!!


Aloha

I never said I learned anything from Allah Peters. I just said that she sounds like she is making "love" to the market when she trades. A little bit of humour might go a long way for you.

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  #146 (permalink)
JCHAWAII
Haleiwa, Hawaii, USA
 
 
Posts: 25 since Feb 2014
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...and PS, I agree with you about posting their PnL's while they trade.

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  #147 (permalink)
thailerdurden
san antonio, tex
 
 
Posts: 79 since Nov 2014
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oops, I see now that you were quoting GillHarris.

Does any guru post his account statements?

Even I can go in demo mode throw some arrows on a chart claiming I put a position here or there, not specifying if I was long or short. Then go back saying I took the profitable choice.

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  #148 (permalink)
 BBarbieri 
Atlantic City New Jersey United States
 
Experience: Advanced
Platform: ninja trader
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Greeting All,

I would like to give a review of Alla Peters and the Fibonacci Trading Institute. I started with Alla in July 2018 mastery

course and then private mentoring. She has been a wonderful teacher and has taught me a distinctive natural trading

method. It is "simple pure price action" combined with Fibonacci numbers. I have been trading for, embarrassingly, too

many years, with limited success. After completing master course in mid sept. 2018 I went live after doubling my demo

of 25K. My results from mid sept. to present day have been 300% ROI on my original 25K cash account. Incredible and

most likely disbelieved, I had to send her my account statements proving my results. For the record my win ratio is

85.11% mostly because I am still a little too aggressive. There is room for improvement because another of her

students, a complete beginner, is in the mid 90%. Old habits die hard. Just by results alone, my praise of her ability to

teach and her understanding of any tradable instrument cannot be high enough. Especially in a vocation that is paved

with tombstones of many blown accounts. Alla Peters is the real deal and a wonderful person as I had the chance to

meet with her in NYC as she has done with many of her students, visiting them around the world when she has the

opportunity. Amazing Method, Amazing Person.

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 xplorer 
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kimyew View Post
I have been Alla Peters student since 15 December, 2018, and I am still on the Mastery Course. I would like to post Fibonacci Trading Institute Review and Alla Peters Review, because after 2 years of searching and trading failed stratergies and indicators, I have found the course that taught me how the market works, how to read price action and how to trade profitably. After months of studying and paper trading her method, yesterday I closed my very first Fibonacci trade - call options on VZ. The trade was FLAWLESS and I made 100%. Her Alpha Fibs are GOLD, PRICELESS, nothing comes close to the accuracy it provides. You will know where price is and where price will go, think how profitable that is.

Alla Peters has cracked the stock market. I mean it! There is no one else who understands, and can explain the market like she does. She breaks the market down to the tick, minute, days, weeks, months and years. Just check it out you won't regret it. I have stopped looking for any other methods because this is it. I can't day trade, its too hectic and complicated for me, so I use her methods to swing trade on the daily and weekly charts.

From a clueless trader, Alla Peters has given me the knowledge to look at a chart and understand what the hell is happening with price and the market, and how to profit from it. I am forever grateful.

Just so I am clear: you are raving about this course after having closed your very first live trade related to this method?

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 bobwest 
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kimyew View Post
The trade was FLAWLESS and I made 100%. Her Alpha Fibs are GOLD, PRICELESS, nothing comes close to the accuracy it provides. You will know where price is and where price will go, think how profitable that is.

...

Alla Peters has cracked the stock market....


xplorer View Post
Just so I am clear: you are raving about this course after having closed your very first live trade related to this method?

Also, to be clear, why did you post a whole ton of one-liner posts today (I count 8) to push you to the number of posts that allowed you to post a review?

Are you connected to this vendor in some way?

Inquiring minds want to know.

Bob.

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 BBarbieri 
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bobwest View Post
Also, to be clear, why did you post a whole ton of one-liner posts today (I count 8) to push you to the number of posts that allowed you to post a review?

Are you connected to this vendor in some way?

Inquiring minds want to know.

Bob.

I am not sure about posts you are referring to. I posted a "new thread" which was mistake and corrected it by posting in proper thread as per moderator e-mail. no one liners from me. ????

I have no connection to vendor but as her student, she is still mentoring me.


Brad

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 bobwest 
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BBarbieri View Post
I am not sure about posts you are referring to. I posted a "new thread" which was mistake and corrected it by posting in proper thread as per moderator e-mail. no one liners from me. ????

I have no connection to vendor but as her student, she is still mentoring me.


Brad

I didn't mean you. Sorry.

I was addressing @kimyew, whose post I had just quoted:


kimyew View Post
The trade was FLAWLESS and I made 100%. Her Alpha Fibs are GOLD, PRICELESS, nothing comes close to the accuracy it provides. You will know where price is and where price will go, think how profitable that is.

...

Alla Peters has cracked the stock market....

And whom @xplorer had just quoted and also addressed.

You were sort of in the crossfire, unintentionally, and were not referred to or meant to be. Sorry it seemed that way.

Bob.

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 MiniP 
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bobwest View Post
I didn't mean you. Sorry.

I was addressing @kimyew, whose post I had just quoted:



And whom @xplorer had just quoted and also addressed.

You were sort of in the crossfire, unintentionally, and were not referred to or meant to be. Sorry it seemed that way.

Bob.

geez bob stop picking on people

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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 BBarbieri 
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bobwest View Post
I didn't mean you. Sorry.

I was addressing @kimyew, whose post I had just quoted:



And whom @xplorer had just quoted and also addressed.

You were sort of in the crossfire, unintentionally, and were not referred to or meant to be. Sorry it seemed that way.

Bob.

no problem I'm still learning how to work my way around in here with the myriad of stuff, thanks for letting me know
cheers!!

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 wldman 
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and not a single response to the over under comment in Chat 2. This Alla person has got it figured out huh? Good to know!


bobwest View Post
Also, to be clear, why did you post a whole ton of one-liner posts today (I count 8) to push you to the number of posts that allowed you to post a review?

Are you connected to this vendor in some way?

Inquiring minds want to know.

Bob.


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 xplorer 
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kimyew View Post
I wouldn't have posted the 1 live trade and been so excited about the one trade if I didn't double my paper trading account in 2 months with 100% success. Yes. 100% on 12 or 13 trades. I suppose you can call me small minded, but, that's why I posted the review.

Anyone who has been in the trading industry long enough knows the value placed on paper trades Vs. the value placed on execution in a live environment.

To trade live only once and be raving about one live trade so much that you keep posting about it I would call you naive.

Unless of course you have an incentive to make these over enthusiastic posts.

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 wldman 
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has moved from Thursday to Monday.


kimyew View Post
I've responded to few here. Thanks.


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 BBarbieri 
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I know I posted review couple of days ago but I'm in raving mode about the course and all that I have been able to accomplish. I created a short vid on you tube. At the time of creation net for month was around 7k … with a couple of days left 11k and change. I'm sorry but I'm just so darned pleased I met her.

Brad

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 BBarbieri 
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SawDr View Post
Hi Brad - sent you a PM - please touch base when you can. Thanks

SawDr,
I think the best thing is to check out the site I believe you can get into trade room just by going to the site. if not e-mail Alla and ask any questions you have plus a room invite?. If you check out you tube vids they show a lot of the method but you have to analysis the s%$ out of it. I definitely spent time reviewing the setups she shows on youtube and looked beyond to the meaning on the charts she shows. Mastery is a good way to start however she gives a lot more in private mentoring. Mentors and student are not always the right fit as I have been in quite a few Martial Arts dojos Some teachers I connected to some not so good, if you get my meaning. As you are probably aware, trading is a self-fulling art; not just algorithms. As far as your dedication to time, it is a priceless commodity. Check out the site see if it fits for you. Hope I helped with your query.
Brad

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 ironman07 
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Let see we have two newbies here with one only posting about the great Alpha Wave system. I think its time for the moderators to jump in and question what real affiliates these posters have. Of course you've joined this site just to tout the great wavetrader. I think most of us who've been here many years can see whats going on.

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 billk2246 
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I have been trading for many years with a fair amount of success. I primarily trade Gold and Emini Futures and occasionally Forex. About six months ago I started to expand my knowledge by attending, with a healthy degree of skepticism the webinars of The Fibonacci Trading Institute hosted by Alla Peters. Occasionally I visited her Trading Room. I was both intrigued and confused.

After a reasonable amount of procrastination, I recently took the plunge and enrolled in her Mastery Class. While I have only been her “ student” for two weeks I am totally enthralled. I attend every class as well as well as every session of the Daily Trading Room. I am spending hours studying the videos and modules. While I’ve just begun to scratch the surface of available material, I am amazed by what I’ve learned – including how much of what I’ve done over all these years was “ misguided”. Her teaching how to maximize profits by knowing when to walk away and NOT trade is a new skill for me!

Her system is clear and concise but takes dedicated work and practice. In my opinion it is for serious minded individuals who wish to truly learn how the markets work, and how to capitalize on realistic opportunities. For those considering expanding their trading skills this is an honest and viable approach. Less experienced traders may even have an advantage as they don’t have to overcome years of accumulated “ bad habits”.

I am happy to state that the cost of this program is the best investment that I have made in a very long time!

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 john5 
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peterg View Post



Nothing special here...move along.. you can find Alla Peters videos on Trader Kingdom for free.

Compare the above charts with the video, with the ES she uses candle bodies on primary wave... with Cl uses a wick and a body on the 4th wave.

Fibonacci levels on ES, TF, and CL - Trader Kingdom

She uses a basic fib retracement tool in reverse to project basic fib extensions 189, 262, 360, 460 & 560 from the candle body closes of primary wave (read "Alpha Wave".) In other videos a 162EXT and 200Ext are used.

Regardless, She renames/claims them as "Decision PT 1&2" and "Danger Zones 1&2" and some times 3.

This is a regressive/backward technique using a two point retracement tool to give essentially external retracements ...it works and is more quickly accomplished than using an fib extension which requires 3 points to be picked projection and is more progressive and easier to follow and accounts for the retracement depth of the last wave... "Simple" as she often says. To which I say not very dynamic, let alone exact

But is it for speed or mystery? And why rename something to make it proprietary, or again mystery?

And why truncate price action / target projection by using time based candle closes instead of including the wicks?

This is in direct conflict with her "Pure Price Action" approach as well her insistance on using range candles as well as fib candle range sizes 8,13,21.

Time Candle closes are determined by TIME not Price, however she never discusses Time Projections/ Expirations in her wave analysis.

Her nomenclature is less than standard which also adds to the confusion or better ( Mystery.)

She uses "Major trend" and "Minor trend" and how a "retracement" is not a "correction" or a "reversal"

I dont know maybe a retracement is a minor trend and a correction is a reversal or a retracement or both. However don't ask for a clarification....That'll set you back 3K and way too much personal patience

What are the so-called decision levels? How would you plot them?

Thank you.

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 billk2246 
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I am curious as to what the purpose of your post is and as to where you received the information on which you base your analysis. Have you take a course at the Fibonacci Trading Institute? If you have, then I just don't comprehend what you are saying. If you haven't, then I would respectfully suggest that one can not comment credibly-either pro or con-without having first learned the methodology. A mere cursory review can only lead to confusion.

I am a graduate of her program and trade her methods daily--and I just don' t find the system to be anything like what you describe.

As just one specific response to your comments - it is not accurate to say that she insists on utilizing range charts. The program utilizes both range based candles and time based ones. In my 6 plus months in the program I have not heard of a preference for either approach in short term trading. Obviously investments, as opposed to trades, cannot possibly be based on short term range charts. In my day trading I primarily utilize no gap range candles - after first analyzing price action on two specific time based charts. I learned this approach from the course., and it certainly works for me!

I have been trading for over 20 years and I have spoken with many other graduates and program participants. Following the system, which of course requires great discipline, produces a VERY favorable ratio of successful trades. But, it requires work and serious application of the " rules"

I am also curious as to why you attach charts that appear to be approximately 6 years old.

I look forward to your response.

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 bobwest 
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billk2246 View Post

I am also curious as to why you attach charts that appear to be approximately 6 years old.

I look forward to your response.

@billk2246, the post you are responding to, by @john5, is itself a response and a question to an old post he is quoting in full from 2013 by @peterg, shown in the quote box that takes up much of his post. It's @peterg's charts and his comments from 6 years ago that you have questions about.

Sometimes a user will go into an old thread and, not realizing how old the entries are, will post a question to something he just read, thinking it's part of a current discussion. Then it may not be clear to another user where the original post came from or when it was made. It looks like this is what happened here.

If you click on the small white arrow within the colored box containing the quoted user's name, @peterg, it will take you to the original post, from March 21, 2013.

I don't know whether ether you or @john5 will get your questions answered at this late date.

Bob.

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  #165 (permalink)
 john5 
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bobwest View Post
@billk2246, the post you are responding to, by @john5, is itself a response and a question to an old post he is quoting in full from 2013 by @peterg, shown in the quote box that takes up much of his post. It's @peterg's charts and his comments from 6 years ago that you have questions about.

Sometimes a user will go into an old thread and, not realizing how old the entries are, will post a question to something he just read, thinking it's part of a current discussion. Then it may not be clear to another user where the original post came from or when it was made. It looks like this is what happened here.

If you click on the small white arrow within the colored box containing the quoted user's name, @peterg, it will take you to the original post, from March 21, 2013.

I don't know whether ether you or @john5 will get your questions answered at this late date.

Bob.

I saw that it was an old entry, but I just wanted to know how he has come up with those two charts that he posted. They don't seem to match her plots.

The topic still seems to be current. The fibs are popular and they have been at the core of my trading strategy for a very long time. I'm naturally curious, because who wouldn't want to learn something knew? But it is challenging to understand if her technique is any different from what I have been using.

She doesn't show how she plots the levels and what those levels are. There is also no verified track record of her actual trades. If her technique is so revolutionary, she has invented it, right?...then why charge people $8K for it? She can make that in 15 minutes trading the cash open every day. I mean, if she is so great, there is no limit to an ammount of money she can make. Why spend so much time on youtube videos, webinars, etc if she can make a lot more money just trading?

So not doing that and choosing to "teach" instead would be like a person who claims to know how to win every lottery or a lot of them, but then saying something like, "Nah, I have a "passion" for teaching how to win a lottery and I'm gonna charge you a lot of money for it, and you go ahead and win all those lotteries, but I am good with a lot less than I can win myself.

It just makes no sense.

It seems the reason she does not show the levels and how she plots them is simply because if she did, she wouldn't be able to claim that she has invented this method, because everybody would see that it is nothing new. Maybe her rules are unique and good, but not showing the levels and claimining to invent how to plot the fibs, does not pass my smell test.

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 Cloudy 
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john5 View Post
So not doing that and choosing to "teach" instead would be like a person who claims to know how to win every lottery or a lot of them, but then saying something like, "Nah, I have a "passion" for teaching how to win a lottery and I'm gonna charge you a lot of money for it, and you go ahead and win all those lotteries, but I am good with a lot less than I can win myself.

It just makes no sense.

I attended her trial trading room for a week just for fun. Jaded as I am now, I quickly could tell she probably didn't trade at all, and it was just a vague ad session to sell her 8k package, while blabbing about Ackerman and 'mixing with impressed hedge fund managers' like she was some socialite. Nothing clear, no entries in fact, just claims of wins after a few hours. Then saying her fib methods are special when there are hundreds of fibs and elliot wave gurus out there already.

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 john5 
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Cloudy View Post
I attended her trial trading room for a week just for fun. Jaded as I am now, I quickly could tell she probably didn't trade at all, and it was just a vague ad session to sell her 8k package, while blabbing about Ackerman and 'mixing with impressed hedge fund managers' like she was some socialite. Nothing clear, no entries in fact, just claims of wins after a few hours. Then saying her fib methods are special when there are hundreds of fibs and elliot wave gurus out there already.

I'm pretty sure that her method works for those that have never used fibs before or don't know how to use them properly. In other words, it works for newbies. So all those positive reviews and testimonials might be true because they don't disclose their prior fibs using experience/knowledge.

That said, to provide value for someone who is not a complete beginner, hiding plots and making extraordinary claims without any proof is a non-starter.

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 peterg 
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billk2246 View Post
I am curious as to what the purpose of your post is and as to where you received the information on which you base your analysis. Have you take a course at the Fibonacci Trading Institute? If you have, then I just don't comprehend what you are saying. If you haven't, then I would respectfully suggest that one can not comment credibly-either pro or con-without having first learned the methodology. A mere cursory review can only lead to confusion.

I am a graduate of her program and trade her methods daily--and I just don' t find the system to be anything like what you describe.

As just one specific response to your comments - it is not accurate to say that she insists on utilizing range charts. The program utilizes both range based candles and time based ones. In my 6 plus months in the program I have not heard of a preference for either approach in short term trading. Obviously investments, as opposed to trades, cannot possibly be based on short term range charts. In my day trading I primarily utilize no gap range candles - after first analyzing price action on two specific time based charts. I learned this approach from the course., and it certainly works for me!

I have been trading for over 20 years and I have spoken with many other graduates and program participants. Following the system, which of course requires great discipline, produces a VERY favorable ratio of successful trades. But, it requires work and serious application of the " rules"

I am also curious as to why you attach charts that appear to be approximately 6 years old.

I look forward to your response.

I gave very specific examples of how Alpha uses fib projections in HER real world examples if you don't follow my details of how the are generated and from what points she specifically used to generate them I am sorry. If you would like to learn from me I can do that. But first why don't you school me as to her CURRENT methodology of fib projection; perhaps they have changed, perhaps not.

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  #169 (permalink)
 peterg 
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john5 View Post
I saw that it was an old entry, but I just wanted to know how he has come up with those two charts that he posted. They don't seem to match her plots.

The topic still seems to be current. The fibs are popular and they have been at the core of my trading strategy for a very long time. I'm naturally curious, because who wouldn't want to learn something knew? But it is challenging to understand if her technique is any different from what I have been using.

She doesn't show how she plots the levels and what those levels are. There is also no verified track record of her actual trades. If her technique is so revolutionary, she has invented it, right?...then why charge people $8K for it? She can make that in 15 minutes trading the cash open every day. I mean, if she is so great, there is no limit to an ammount of money she can make. Why spend so much time on youtube videos, webinars, etc if she can make a lot more money just trading?

So not doing that and choosing to "teach" instead would be like a person who claims to know how to win every lottery or a lot of them, but then saying something like, "Nah, I have a "passion" for teaching how to win a lottery and I'm gonna charge you a lot of money for it, and you go ahead and win all those lotteries, but I am good with a lot less than I can win myself.

It just makes no sense.

It seems the reason she does not show the levels and how she plots them is simply because if she did, she wouldn't be able to claim that she has invented this method, because everybody would see that it is nothing new. Maybe her rules are unique and good, but not showing the levels and claimining to invent how to plot the fibs, does not pass my smell test.

This only relates to PRICE. Simple stuff really, why shroud it in mystery. When we start applying this to VOLUME VECTOR, ORDER FLOW, C DELTA: that's next level stuff, worthy of examination and potential implementation. Its important to build on what you learn .........especially if one has spent 8K on it.

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 billk2246 
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you stated: I gave very specific examples of how Alpha uses fib projections in HER real world examples if you don't follow my details of how the are generated and from what points she specifically used to generate them I am sorry. If you would like to learn from me I can do that. But first why don't you school me as to her CURRENT methodology of fib projection; perhaps they have changed, perhaps not.

I am sorry - I must have been mistaken

I thought that the purpose of this site was for SERIOUS traders to share serious information. Before I return to that goal I will instead share 5 minutes with you.

You didn't respond to any of my questions-e.g. her supposed insistence on the use of range charts. Why dont you check out all of her videos on Utube--do ANY of them even mention range charts?

I like to learn from anyone who has something serious to share--It appears to me that you are here to criticize and to ask for others to share with you the course material they worked very hard to understand, to learn, and are utilizing for the sole purpose of making money ( which I do EVERY week ).

Rather than debate you , I prefer to do something constructive--instead I shall go to the the replay of my 2 trades that lost money last week- and see what I did wrong --then I will go to the replay of the 7 that made $ - and see if I did something correctly or just got lucky.



As for you - well, your 5 minutes is up!


For those who wish SERIOUS information on this topic, check out her free site on Utube - you may like it or you might not-but either way, it deals with fact not fiction

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  #171 (permalink)
 peterg 
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billk2246 View Post
you stated: I gave very specific examples of how Alpha uses fib projections in HER real world examples if you don't follow my details of how the are generated and from what points she specifically used to generate them I am sorry. If you would like to learn from me I can do that. But first why don't you school me as to her CURRENT methodology of fib projection; perhaps they have changed, perhaps not.

I am sorry - I must have been mistaken

I thought that the purpose of this site was for SERIOUS traders to share serious information. Before I return to that goal I will instead share 5 minutes with you.

You didn't respond to any of my questions-e.g. her supposed insistence on the use of range charts. Why dont you check out all of her videos on Utube--do ANY of them even mention range charts?

I like to learn from anyone who has something serious to share--It appears to me that you are here to criticize and to ask for others to share with you the course material they worked very hard to understand, to learn, and are utilizing for the sole purpose of making money ( which I do EVERY week ).

Rather than debate you , I prefer to do something constructive--instead I shall go to the the replay of my 2 trades that lost money last week- and see what I did wrong --then I will go to the replay of the 7 that made $ - and see if I did something correctly or just got lucky.



As for you - well, your 5 minutes is up!


For those who wish SERIOUS information on this topic, check out her free site on Utube - you may like it or you might not-but either way, it deals with fact not fiction


Let state that my review was based on a video Alpha made 5 YEARS AGO! Maybe she swapped the video with another and the levels dont match...I dont Know & frankly dont care...because
I gave details and analysis of the "secret" Alpha methodology, if you did not read or comprehend my post; then, I'm sorry you don't have a understanding of basic Elliott Wave & Fibonacci extentions, theory, calculation and implementation
My review of the tools and techniques Alpha employed, AT THAT TIME, revealed a RUDIMENTARY, at best, level of involvement.

As far as checking out her youtube channel and what Alpha is employing or sell selling now does not interest me one bit; there are those who trade and those who sell to traders. Great, but if one is selling basic Elliott Wave info by renaming it Alpha Wave< well that, my friend, is truly THE FACT of THE FICTION! #suckah punch

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  #172 (permalink)
 sienna 
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This video posted by 'Brad' is a straight copy from the vendor's website, posted by the same guy (Brad). In the interest of transparency, it would have been constructive to actually state that up front, when posting.....or (IMHO) first requesting permission from the FIO administrators.

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  #173 (permalink)
 xplorer 
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sienna View Post
This video posted by 'Brad' is a straight copy from the vendor's website, posted by the same guy (Brad). In the interest of transparency, it would have been constructive to actually state that up front, when posting.....or (IMHO) first requesting permission from the FIO administrators.

Hi sienna, do you have a link as to where exactly the video on the vendor's website is, please?

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  #174 (permalink)
 sienna 
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Sure:
https://fibinstitute.com/fibonacci-trading-institute-reviews/
See the screen with video embedded to the left...a straight copy posted here.

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  #175 (permalink)
 BBarbieri 
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Seems old documentation of Fibonacci trading Institute are being critiqued. Market flow and trading ranges have changed

and so with it, ones strategies. Tweak and improve always as has Alla's strategies.

I started trading live in October 2018 after doubling sim account with her method. Since trading live with 25K account

I have accumulated a net earnings of 345% or 111,369 plus original

25K. My win/loss ratio roughly 85%.

With the addition of new scanner and

software identifying trades is a lot easier plus opportunities have greatly increased.

There are always 2 or 3 quality trades a day but I only need one.


With respect to post about exact fib levels/extension... they are altered numerically in order to scale out of position to insure

profit at decision point 1 and 2. Reversal Zones(never heard them called danger zones) 3,4, & 5 allows a trader

to monitor price action; let runner run. Reversal Zones on a day trading chart would be completely different, compared

to longer term daily chart where reversal zones would have to be respected with greater impact. Zone is not to the tick

but the area.


I also noted reverence to Elliot Waves in post, Alla has never taught anything with respect to Elliot Waves


5 waves, 3 wave, simple, complex ,truncation, wave intersection, Fibonacci retracement levels of wave 2&4, etc.

More importantly my thoughts lead me to trader psychology, the old 80% mind and 20% technic. Alla as a teacher and mentor( more personal relationship)

is one where I believe she really does care and would do anything to help a trader become a success story like mine(within reason)

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  #176 (permalink)
 billk2246 
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This will be my final comment on this subject

Ratio of successful trades to unsuccessful trades is better than 65%

Res Ipsa Loquitor

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  #177 (permalink)
 Big Mike 
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BBarbieri View Post
I have accumulated a net earnings of 345% [...] My win/loss ratio roughly 85%.

Sounds very much like you are a vendor, or at the very least you are a highly uneducated trader to say something like the above.

As you know, this community prohibits any users that make attempts to hide their identity for the purposes of misleading others. This community also prohibits vendors from making ANY post without first identifying themselves as a vendor, and then subsequent posts must follow our no self-promotion policy.

I've been running this site for over 10 years. I cannot tell you the number of stealth vendors that come on here thinking they can get away with pretending to be regular users and talk up how fantastic their own services and products are. And then I also can't tell you how many of those, once caught, deny the truth. It's a lot.

So, let me ask you plainly --- are you in any way affiliated with this vendor, in any way associated with Alpha Wave, Fib Institute, Alla Peters (or any other aliases he may go by), or in any way affiliated/associated with any of his other companies, products or services? Have you been asked to post here by anyone or for anyone?

Mike

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  #178 (permalink)
 billk2246 
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Were those questions for me??

If so--No I am not a vendor

No-no one asked me to Post etc

I am merely a trader who took the courses and benefited from them-- I also taught trading for many years -

Who ever places these posts critizing any program and is unwilling to answer simple questions displays questionable motives in so doing.

I was merely trying to ascertain those motives.

If I have in some way violated your protocall - I apologize.

In the future I shall remain in the shadows - where I am most comfortable.

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  #179 (permalink)
 Big Mike 
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billk2246 View Post
Were those questions for me??

No, I quoted @BBarbieri's post.

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  #180 (permalink)
 tradermark2009 
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Big Mike View Post
No, I quoted @BBarbieri's post.

Mike

Hi Big Mike, thank you for saying something on this. That 85% of almost 2 years is the greatest trading I've seen...ever. For the most part a good trader relies on good price action entry and very good $ management skills. At best i've seen about 66-73% win rate with a descent MAE. That 85% is a show me your brokerage records, before you say another word. Thats Jesse Livermore talk.
I took 1 month in her trading room about 7-8 years ago and she reminded me of puretick to the tee! She wouldn't give exact entries but when she had a winner she would let you know. Losers were few and only a few ticks. She would give an area but talk about her system as being exact on entries and targets when she taught. I knew she was a big fib fan but just didnt seem credible even in her 179 month room at the time. Just my 2 cents.
At the time she didn't work a lot off of prior support or levels then look for setups. Today without using market profile levels it would be impossible for me to trade. Today for me its trading to and from balanced areas. Still a huge fan of your trading back in the day. You got me started on that and I just wanted to thank you for it! Hope all is well! Mark

Sent using the futures.io mobile app

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  #181 (permalink)
 sdp1969 
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Hello everyone in the futures.io community,

I purchased the Fiboncci Institute system with private mentoring for the NT8 software in Nov 2019. I did so after seeing the multiple positive student reflections here on futures.io as well as forex peace army and the FTI website itself. Additionally, I spoke over the phone with three people who were trading with the FTI system and found them all to be very happy with the method. At this point, I have become somewhat proficient at the system and software and wanted to reflect my thoughts to the community. I must say that if you are a lazy trader and want to buy on red and sell on blue then DON’T buy this program. It is definitely hard work that takes time to wrap your arms around completely. It may have taken me longer to learn because I am stubborn and had to unlearn many things that were effecting my trading decisions in a negative way. What struck me right away was the depth of her teaching. The subtleties regarding market structure, price action and reading bar charts were truly enlightening and a new level of discovery for me in predicting immediate price movement. It is definitely hard work to re-wire your mind and learn to read the market like Alla…but when you do…..you are truly set. Forget stupid indicators, dots that color up your screen and lines that cross. You will now know how to READ the market and take high percentage trades based on the knowledge she has imparted to you. Every day I sit in the trading room and trade with Alla and the trading friends I have made. The camaraderie is very positive and she even lets the members see each others posts. (Many trading rooms do not allow the students to communicate with each other) Most days, by 11:00 Alla will ask the class how their trading went for the day….and who is crazy enough to do that unless you are confident in your system. The majority of those present in the class will reflect a winning day. Some days a few points and some days many points. Let me be clear about this, Alla Peters is passionate about making you a profitable trader. We have had multiple private sessions where she will quiz me endlessly until I get it. She will answer any questions I ask and will keep discussing a point if I don’t understand something. Pat is her programmer and also a prior graduate who provides updates multiple times a year to the fib software. Now to be clear, as I said, you can trade the FTI system without software and Alla taught it this way for years, but WITH the software you can monitor multiple markets and time periods simultaneously. There is NOTHING about the software or system that is a black box.

OK…I know what you are thinking…I could have been paid to write this or be lying my butt off. Also, If Allas system is SO good why is she selling it. Being someone who bought so many trading systems that were garbage from charlatans who just wanted my money, I will admit that these are valid questions. So instead of believing me or not, how about signing up to be a guest in her trading room and you will see for yourself. She is truly genuine when she says that she wants to help others. She feels that a life spent on this world living only to benefit yourself is selfish and a waste. After working with her for many months, she has never wavered on in this philosophy that she holds so dear. You can sign up for her for her room for a few days for free or 77 dollars for a month. Honestly, I thank God regularly that I had a buddy who was nice enough to introduce me to the Fib Institute with Alla Peters. There is no smoke and mirrors with the Fib Institute. Just a method of interpreting price action that provides high percentage trades by predicting the immediate movement of price. Check her room out as a guest and you will thank yourself later.

After looking for and buying multiple trading systems and programs since 2010…my journey is over.

Hope this helps,

Steven

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  #182 (permalink)
 Big Mike 
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 JonnyBoy 
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Big Mike View Post
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They are getting quite sneaky these days. An example in the thread below had dormant accounts with zero posts that were obviously setup by the vendor many moons ago, ready to pounce the moment bad reviews started coming in.

One post in particular was interesting. An Elite member since 2012 with zero posts came to the defence of the vendor. Okay, fair enough, but apart from stating FIO is of very little value, they went to the end of the earth (quite literally) to defend the vendor and deflect all bad press that had been raining down on them. We are supposed to believe this was just a subscriber of the vendors room, but quite frankly the amount of effort that took to formulate, write and link to older posts was extremely suspect. Of course, the thread since inception has been peppered with shills for the vendor and this is probably just another one. Either way, they are getting more sneaky these days...


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 Big Mike 
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JonnyBoy View Post
They are getting quite sneaky these days. An example in the thread below had dormant accounts with zero posts that were obviously setup by the vendor many moons ago, ready to pounce the moment bad reviews started coming in.

One post in particular was interesting. An Elite member since 2012 with zero posts came to the defence of the vendor. Okay, fair enough, but apart from stating FIO is of very little value, they went to the end of the earth (quite literally) to defend the vendor and deflect all bad press that had been raining down on them. We are supposed to believe this was just a subscriber of the vendors room, but quite frankly the amount of effort that took to formulate, write and link to older posts was extremely suspect. Of course, the thread since inception has been peppered with shills for the vendor and this is probably just another one. Either way, they are getting more sneaky these days...


Sometimes a user is just a rookie/noob and sucked into the whole blackmagic area of vendors selling indicator and system packages. I think its natural that traders gravitate towards that in the beginning, but it is my hope and desire that we open their eyes on FIO and at least teach them how to be objective when evaluating third party products.

A user being naive is one thing, a stealth vendor is, of course, another.

Mike

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 Big Mike 
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 redneck4Christ 
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researcher247 View Post
---------------

Discipline & rule-based issues? Check out this blog post. I commented in there as 'hedvig' as well.

How Often Do You Break the Rules? | PopDoc Trader

Work on your old habit issues every day for 20 minutes (meditate on it--seriously); you'll come out the other side an AWESOMELY consistent trader. Trading is boring to me {though I appreciate it more each year}. Treat it like a very high-paying job & then concentrate on at least 2 other passions outside of trading; you'll be a better trader and a better man for it.

peace

hedvig

Outstanding advice here and on Andrew Menaker's forum!

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