AlphaWave Trading Review (www.alphawavetrader.com) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


AlphaWave Trading Review (www.alphawavetrader.com)
Updated: Views / Replies:62,329 / 146
Created: by tickvix Attachments:3

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

AlphaWave Trading Review (www.alphawavetrader.com)

  #31 (permalink)
Elite Member
vancouver
 
Futures Experience: None
Platform: NT
 
Posts: 10 since Jul 2010
Thanks: 5 given, 32 received


longboat View Post
Stymie thanks for fielding questions! I went in the room for one day after a webinar and didn't go back because I thought a few times she was calling out the entry after it had already moved ( like another room I was in did). I doubt you could have got her fill in the room all the time. I get the impression from you that the method is legit and ...

1. maybe if we study the 8 range chart she uses it might give me a heads up on when to be ready for her price? She does give a warning, but it is still possible to miss it.

2. The inverse risk/reward ratio put me off some. One of her trades hit Target One and then stopped out for an overall loss, but it shows up as a winner if you just look at the winning trades column. You think I could cover the cost of the room and make some money trading one contract to start? Could I get enough fills is my question?

3. I understand she has to make her levels "secret" or you could just use the Ninja tool, but she can't change them too much or they won't be Fibonacci, probably close?

She did say she doesn't trade live when she is moderating 2 rooms at once. Combine that with the constant emails to buy and watch her partner webinars and you can see why I was put off. I wouldn't pay anyone 3k again for education, but it seems like you didn't need the education package to make money, so I may give the monthly room a shot based on your comments, (thanks in advance, we'll see what you say). If you stay in the room long enough you will pay more than the education package! I guess I am figuring that you could have figured it out before that crossover of expenses happens after 18 months of room fees.


If the market is moving quickly, it can seem like the calls are coming after the fact. No need to worry because if you miss an entry, there will almost certainly be another a bit later. Since there are no indicators used, entries are based on candles, and since you are using range bars, you will know where the bar will end so you can place your entry (using stop orders) before the candle closes.

Studying the 8 range chart will help. If you mark your chart with her entries and stop levels and look at enough of them, you should be able to figure it out.

She uses a good MM system and if you follow it you should never lose $$ on any trade that reaches target one. You peel off most of your contracts at target one so the only way to lose would be if you got really bad slippage on your remaining stops. In my experience, the only trades that lost were the ones that never made target one.

The inverse risk/reward issue does exist. How much importance you give it depends on your style. Target one on an 8 range chart is 8 ticks and the stop is 9 ticks. If you front run the target (recommended) then you risk 9 ticks to make 7. The positive expectancy of the entries is enough for me so that I am not worried about the risk/reward issue.

Based on my experience, I stand by my belief that someone can easily cover the cost of the room each month and earn enough that they could (by increasing contract size as their account grows) earn the education fee within 6 months. Though by that time some will have figured things out and not need to take the education. Even by starting out trading only one contract.

The target levels are fib based. I've never been a fan of fib levels as sometimes they are respected, mostly they're not. I don't use her targets because of my lack of confidence in fib levels. Draw enough lines on a chart and one of them will mark a turning point. Instead I just trail my stop.

When I started with her, I thought she made most of her money trading. I really wanted to learn how to trade waves (don't know why I was so obsessed with waves) and her fees were much lower back then so I signed up. As her business grew, it became more and more like other educators and after a while I came to the conclusion that they're not really any different from the other setups out there that make their money on education and room fees rather than on trading. This is reinforced each time they sell my email address to other educators/mentors (I got 2 emails from them touting other educators this week alone). I've never been able to figure out why, if their method is so good, that they want us to look at other methods too. Their business model seems to have changed since I started with them. Their method seems sound, but their business practices don't appeal to me. If they charged a fee that just covered the cost of a seat in their webinar room, I would still be with them, but after paying them for the education, I don't like the idea of them making a couple hundred bucks off me each month for the privilege of hearing her speak (even though she does sound like a wonderful person).

If I knew then what I knew now, I would not have paid for the education up front, I would have stayed in the room, paying the monthly fee, until I earned enough to cover the course fees. I may even have figured it out by myself.

Stymie

Reply With Quote
The following 4 users say Thank You to stymie for this post:
 
  #32 (permalink)
Elite Member
vancouver
 
Futures Experience: None
Platform: NT
 
Posts: 10 since Jul 2010
Thanks: 5 given, 32 received


rogera View Post
Fellows, the fibs is nothing secret about them; however, how she draws the fibs is different than anyone else that I have seen and different than how I use to draw them too. The real secret to her trades is the price structure and candlestick patterns she uses plus the rules for those structures and patterns.

As I stated before, I never was a successful trader until I learned this method. It is well worth the price because if you learn this method, you can make a living in the market. In the last week I had 17 trades and 15 were winners!

I take my own trades using her method and not what Alla calls because she calls every possible trade she sees with her method. I personally take the high probabilty ones where I can see how the longer time frame charts are possibly setting up for her method too. I take trades primarily off the 8 and 13 range charts, but am watching the 21 range and 60 min charts too. If I enter off the 8 range I like to see the 13 range in a possible price structure too and if is not I take all my profit at the first target area.

I will be in trades that she calls, but I have already seen the pattern, and because she is watching 3 markets and answering questions she does miss some trades.

Another reason I do not follow her calls is that she is watching the 6E and NQ. I do not trade any of those. I use to trade the 6E but it has been so dead during the US session I have stopped. I follow the CL, Tf and ES now.

As far as her readjusting her fibs after an entry, you would understand if you knew the method. When she does this it is because she is calling the more conservative entry; however, she readusts the fib when the fill is because the conservative entry is not where the pattern is and you have to readjust the fib to get the proper price target.

I hope this helps you with some of your problems. I would say Stymie has not really learned the method and has it down pat, or he would be very happy with his results using the method.

Hey Rogera,

I never said I was unhappy with the results (I was profitable with it). Not sure why my posts are hard for you to understand, but they all say that the method is fine, it is the business practices of the outfit that I have an issue with.

Stymie

Reply With Quote
The following 2 users say Thank You to stymie for this post:
 
  #33 (permalink)
Elite Member
Washington DC
 
Futures Experience: Beginner
Platform: NinjaTrader7
Favorite Futures: ES
 
Posts: 72 since Oct 2010
Thanks: 97 given, 76 received

Sale?



supermht View Post
I am not interested in records , thanks, and I think you made a good story of SALE

I don't trade the same as rogera nor have I ever been in alla's room or have any affiliation with her or any other vendor (I don't ever plan on paying for a trading room), but I do talk with rogera frequently about trading (we have been friends for a while now) and what he is saying is true. I have seen him trade many different systems, unsuccessfully, but now he is finally successful. So, if you decide to dismiss his posts as "sale's talk," then that's your decision, but I know what he is saying to be true.

Reply With Quote
The following 4 users say Thank You to Jack22 for this post:
 
  #34 (permalink)
Elite Member
Naperville IL
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: NT broker
Favorite Futures: NQ ES 6E GC CL
 
Posts: 954 since Feb 2010
Thanks: 1,184 given, 646 received

ha , as a sales, you should be patient

Reply With Quote
 
  #35 (permalink)
Elite Member
Peterborough, ON
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: futures
 
gibips's Avatar
 
Posts: 16 since Dec 2010
Thanks: 13 given, 5 received

No free trial - she charges 9.99 for a week, then has your credit card info and will roll it into the full room price if you don't cancel before the end of the trial week.

Can't trust a vendor who charges for a trial.

Reply With Quote
The following user says Thank You to gibips for this post:
 
  #36 (permalink)
Elite Member
Naperville IL
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: NT broker
Favorite Futures: NQ ES 6E GC CL
 
Posts: 954 since Feb 2010
Thanks: 1,184 given, 646 received

correct


gibips View Post
No free trial - she charges 9.99 for a week, then has your credit card info and will roll it into the full room price if you don't cancel before the end of the trial week.

Can't trust a vendor who charges for a trial.

Yes, I found the same problem too, the funny thing is they also pretend to be customers and "make story" in order to attract newbies here.

Be careful, telling story is one of marketing method.

Reply With Quote
 
  #37 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,182 since Jun 2009
Thanks: 626 given, 6,248 received


gibips View Post
No free trial - she charges 9.99 for a week, then has your credit card info and will roll it into the full room price if you don't cancel before the end of the trial week.

Can't trust a vendor who charges for a trial.

5 red flags right there!

Reply With Quote
 
  #38 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Rithmic
Favorite Futures: GC
 
plethora's Avatar
 
Posts: 639 since Dec 2010
Thanks: 1,174 given, 422 received

So, Stymie, may I ask, did you also sign a non-compete when you went through the training -- or only the good Christian did?!

Reply With Quote
 
  #39 (permalink)
Elite Member
LA, CA, USA
 
Futures Experience: Advanced
Platform: MultiCharts
Favorite Futures: S&P
 
Posts: 12 since Sep 2010
Thanks: 6 given, 31 received


plethora View Post
So, Stymie, may I ask, did you also sign a non-compete when you went through the training -- or only the good Christian did?!

I just signed up with them, and noticed the good christian's name in the room too. Give me a couple of weeks and I'll let u have the final unbiased verdict. Watch this space.

Reply With Quote
The following user says Thank You to kignkenny for this post:
 
  #40 (permalink)
Elite Member
vancouver
 
Futures Experience: None
Platform: NT
 
Posts: 10 since Jul 2010
Thanks: 5 given, 32 received



plethora View Post
So, Stymie, may I ask, did you also sign a non-compete when you went through the training -- or only the good Christian did?!

I did not sign any such agreement, however, even though I am not a good Christian (I'm not a bad Christian either - I'm agnostic) I am careful not to divulge the method as that would not be fair to the vendor or those who did sign up with them and pay.

There are free trials to the room. I get lots of emails advertising these free days in their room (I think there was one this past week). Sign up to enough of the Ninjatrader partner webinars and you'll eventually get these invitations to their free days.

The trial week is only $10 I think (has it changed since I was with them?), and you should earn enough in that week to pay for the week and at least one month's room fee. Try to take at least one of the free days first before the week so you can get used to the room and then you'll make the most of the week you had to pay for.

I don't think they had my credit card info as I cancelled my monthly subscription via Paypal without any problems.

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

Reply



futures io > > > AlphaWave Trading Review (www.alphawavetrader.com)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
JPJ Trading Review Market Profile (www.jpjtrading.com) Big Mike Trading Reviews and Vendors 136 February 21st, 2017 03:05 PM
www.leadingedgetrading.com trading review JS12 Trading Reviews and Vendors 86 April 7th, 2016 08:14 AM
emini trading school (www.eminitradingschool.com) review drdam1 Trading Reviews and Vendors 29 October 28th, 2015 02:32 PM
Rockwell Trading - www.rockwelltrading.com (review) BeachTrader Trading Reviews and Vendors 26 October 23rd, 2012 10:55 AM
Bright Trading Review (www.stocktrading.com) stocktrade Trading Reviews and Vendors 4 August 1st, 2012 09:46 AM


All times are GMT -4. The time now is 08:06 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-08-21 in 0.19 seconds with 40 queries on phoenix via your IP 54.167.232.42