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

  #81 (permalink)
Elite Member
Boise Idaho
 
Futures Experience: Intermediate
Platform: ninjaTrader
Broker/Data: Amp / CQG
Favorite Futures: ZB
 
Posts: 28 since Dec 2009
Thanks: 34 given, 20 received


rogera View Post
King Kenny, I agree with you that a few trading in the thinly traded markets, e.g. cl, tf, ng, nq, gc etc., in a live account will not be filled. I use market limit orders and today I had two trades not filled until it came back to fill me. I did 8 trades on cl today with one loser and 7 winners with 31 ticks net profit per contract less commissions. As far as I could ascertain I was the only one in Alla's education room that was trading the cl. I did ask if anyone else was trading it and no one answered. Therefore, on 2 of my 8 trades I did not even get a partial fill with my limit orders until cl came back to my limit order and I was filled.

So you are correct, if others were trading live cash accounts with me in cl then I would not have been filled on all my orders and they would also not have complete fills and or no fills.

Only ES (which I also trade) and the bonds along with the Forex can absorb very many traders using this system at one time.

Maybe the students were busy trading and didn't want to talk to you?

I just can't believe that you and others think that a couple of dozen orders from Alla's students would possibly keep you from getting filled in a market like CL during normal market activity. It could't possibly be the fact that the market is really thin right now because of the vacation days taken by the heavy hitters just before school starts? It couldn't have been that price jumped over your price from HFT's and then came back to fill you? It did that to me on two different orders in two different markets on two different days a couple of weeks ago. News? Slow Data? Slow Ping rates on the internet? Slow cache on the computer? You told me in one of our private conversations that you always took CL trades before market open and did rather well with them. Stick with what works for you. But you might be right...

I'll bet in three weeks, the markets will be back to their regular old selves, trading will be good, fills will be good and then what...?

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  #82 (permalink)
Elite Member
LA, CA, USA
 
Futures Experience: Advanced
Platform: MultiCharts
Favorite Futures: S&P
 
Posts: 12 since Sep 2010
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grinder View Post
First: I've not given you permission to take such liberties in how you address me. "...My Dear," is straight out an insult. Don't.

Oh my days, I rest my case, good luck to you whoever you are.

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  #83 (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


OK, finally I got some time to reply to some misleading quotes here:


grinder View Post
First: I've not given you permission to take such liberties in how you address me. "...My Dear," is straight out an insult. Don't.

I am so sorry that you were insulted for being called "my dear", I hereby announce that you are not my dear, please forgive me.


grinder View Post
Second: Once again you are assuming something that is not true and we all know that it makes an "ass" out of a person as the saying goes. I do trade live all of the time. I was trading live when I joined Alphawave Traders until I decided I was making too many mistakes and needed to stop and understand the rules better, until they became second nature and I could take a trade without thinking about them. After the course, I started trading live full time again. For the record I'm much more profitable then I've ever been. If something happens and I'm not profitable, the markets changes, news, I'm not feeling it, old baggage pops up that kills my trading decisions, I quit for the day or week, just like the last two weeks, right now in this sucky market.

Thank you so much for calling me an "ass", you are a great man. However, we are not talking about your trading here, we are talking about AWT. I am so glad that you are making money using a system that so clearly love. Keep up the good work.


grinder View Post
Third: For the second time you've assumed something that was incorrect (review the paragraph above for references about the out come of this and the label that is attached to a person because of it). I've been trading the TF/Russel live off and on since 2009 and it's one of my favorite markets. In fact I was one of the people leading the parade to get Alla to call the trades in the Russel. I'm very aware of what thin markets are and how they act. I know how to place my orders so they are filled at my prices, and if they are not: There's always another trade coming along in a couple of minutes anyway. That's part of trading. Even if Alla had 50 traders that traded the Russell at the same time, 150 contracts at the same time would probably never happen. Even with the same system, every trader is a discretionary trader and they would all have to agree to take the trade... Not going to happen.

Like is said in my post, we are assuming that traders enter trades at the same time, if 50 of them or whatever the number maybe. Introducing large number of contracts to a thin market will not get you filled. BTW, the post was not for you in particular, it was for everyone, so if you understand thin market or not is not the subject, also, you don't get another trade in every couple of minutes on AWT system, you can refer to their performance sheet that tells you the number of trades undertaken per month per instrument. Another point I was trying to make, was that not enough students of AWT have gone live yet to trade together to see the results, and what I said was I feared that Roger's trading will suffer once more and more people go live. I suggested that you put larger orders on a sim that can give you partial fills so people can see for themselves how many contracts they can push through thin markets, it is a good exercise for everyone to make sure they understand. Please read my sentences and absorb them fully instead of calling me an "ass".


grinder View Post
Fourth: Alphawave Traders is not a breakout system. If you were in her room as long as you say you were, then you heard her say this. It's something that she states over and over. Sometimes the trades happen to be breakout type of trades but that is coincidental, not by design and the best Alphawave trades are NOT breakout trades. That kind of thinking is like this: If a Ferrari Sportscar has four wheels and a VW bug has four wheels, then it must be a Sportscar also. Now that doesn't seem right.

AWT is not a counter trend system, it is a trend trading system and stop orders are placed rather than limit orders, the point was that hence it is not counter trend, the opposite side pressure is not strong enough to absorb large number of contracts at around same level. This happens on breakouts and stop orders (that AWT uses). Again you are misleading here.


grinder View Post
Fifth: I talked to several people in Alla's room, other than than the two you listed, and they traded live. The three that I had in-depth conversations with, plus myself, makes four people that traded live, to your two, and that makes you wrong by 150%, again. Just because you or somebody else asks a room full of people, "Do you trade live", that doesn't mean you going to get truthful answers or even answers at all. Of the three people I talked to, #1 traded live but their success rate was unknown. #2 was pretty successful and very happy, they claimed. The third person traded live before joining Alla's room and was generally successfully but when I talked to him, his account was growing very fast and he was talking about the possibility of retiring early and trading full time.

I can not vouch for you or others that you are mentioning here, simply because I do not know you or them, I can only vouch for people that I have spoken to (and have made themselves known to me) and one is here in this tread to confirm. You saying that I can not get the true answer from a room full of people, for the same reason, we may not get a truthful picture from you either.


grinder View Post
Sixth: Finally we agree on something. Sim trading is not live trading, ever. It's always different for a lot of reason, most of which are psychological but machine generated fills, are not real market fills. The NinjaTrader platform does not have instant fills nor does it fill all contracts submitted at the same time, unless you override the default parameters and tell it to. It is as close to actual live trading as one can get I suppose. Still, real money trading is real money and until a person does it live, they will never know if they can be a trader or not. Interestingly enough, the first time I went from SIM on Ninjatrader to a real money account, I got better fills in most markets then I did when trading SIM. ...but give me a break about the BO, etc. If a trader wants to get into any market, it's really easy: "Buy the Ask" or "Sell the Bid". You give up one tic of profit on a trade. Big deal, you are going for those long targets right? One tic is nothing if you get the trade and get the profit. If you get stopped out all of the time, or one tic really does make a difference, your system sucks. Go back to shopping for a new one.

You are again misleading new traders here, Buy the Ask and Sell the Bid, will not give you only a one tick less profit at all times, what I said was that large number of orders will push the market up/down and create a gap, so buy the ask and sell the bid will be gaped up/down for more than one tick hence the spread gets much wider than one tick on thin markets (and when a lot of orders are placed together, or when a bunch of people place market orders at about the same time) it happens all day long on thin markets. Again, we are not talking about my system here as you mentioned above, I do go for large targets on reversals, but in AWT when on 8 range target is 4 to 6 ticks, and on 13 range, first target is 9 to 11 ticks, then 1 to 3 ticks of spread really really matters(it will be 10% to 75% of your first target's profit, gone out the window). Again, I am not on the spot light here, this thread is for AWT, not sure why you are making it personal.


grinder View Post
Kenny, I see that you are a software developer for traders ( "...after developing software for traders for many years..." https://futures.io/beginners-introductions/1-introduce-yourself-here-129.html#post82346). I agree Alla is not perfect and she would be the first to admit it too but Instead of trying to prove you're right about Alla and her system, why don't you share some of that software with these traders and if for legal reasons or other reasons you can't do that, develop some better software for the traders on Bigmike's. Help everybody become better traders, help them make some money. They would probably appreciate it a lot more than an endless thread that goes in circles.

Again, I am not trying to prove I am right, please do not twist my words. What I wrote was my take on the system, it is very accurate and logical. I have given the facts and figures, after developing software for Bonds, FX, Derivates, Exotics, market and credit risk for almost 20 years, perhaps I've learnt a thing or two. Again, it was not an endless thread that was going around here as you mentioned, until you made it back and forth with other participants, I only posted one article about my findings, and continued in the second article what I missed in the first one.

I appreciate it that you do not twist my words in the future and mislead the newbies and refrain from calling me names.

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  #84 (permalink)
Elite Member
CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: NinjaTrader
Favorite Futures: ES
 
Posts: 100 since Sep 2009
Thanks: 506 given, 71 received

funny stuff

Hope I'm not too late to the party but I must comment - I signed up for the free trial in April or so and then went to the monthly subscription. Watched that for a couple months and then signed up for the course. Like grinder, I was on the bandwagon to get Alla to trade TF. I've been trading it off for years.

The course IS pricey, but they all are. The strategy IS simple, most of them are not. Alla does sometimes say a trade was a winner when it didn't seem that way to me. And she does get a little frustrated being asked the same questions countless times.

But, I would do it again. I don't rely solely on AWT strategies, but when I see a setup, it usually works.
My trading overall is better than before I took the course because I learned a lot about price action and support and resistance.

And, for the last couple months I've rarely said a word in either the private education room or the public guest room because I'm busy trading, not reading what somebody else is saying. If you're skeptical, just take the one week free trial - Alla makes some great calls every day.

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  #85 (permalink)
Elite Member
Spencer, WV 25276
 
Futures Experience: Intermediate
Platform: Ninja Tradeer
Favorite Futures: 6E, CL, TF and ES
 
Posts: 9 since Sep 2011
Thanks: 5 given, 26 received

Alpha Wave Trading and thin markets

I agree with Grinder and cv2low concerning what Alla teaches. Additionally I will restate once again that what Alla has taught me has made me a better trader. I do use the method she teaches.

If you are unsuccessful trading and need to learn about price action and support and resistance, then I highly recommend this course.

As of now I am unable to state whether too many learning this method will have an impact on getting filled on the thinly traded markets (e.g. TF, GC, NG, CL etc.). I certainly hope this is not the case.

Additionally, I do know the High Frequency Traders (HFTs) and traders that trade these markets can be filled on large orders; however, they break them down if they want a hugh order (ex. 100 or more contracts). Therefore, fills may not be a problem. TIME WILL TELL!

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

Alphawavetrader

For those who took the educational course or had the pleasure of Jonathon's CL , he is no longer participating as a moderator or trainer. He is doing so well he has gone on to greener pastures.

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  #87 (permalink)
Elite Member
Miami, FL, USA
 
Futures Experience: Advanced
Platform: ninjatrader
Favorite Futures: ES
 
andrewrunners's Avatar
 
Posts: 21 since Jan 2012
Thanks: 1 given, 17 received

Alpha Wave Follw Up

It has been many weeks since my last post in this thread. Since that time, many people have added comments. I wanted to post a follow-up comment.

I have been day-trading since 2004, constantly tweaking my strategy to make it more profitable. Since 2004 I think I have taken every free trading room week, trial offer that is out there. I have not found a single effective software system, from Nexgen to Netpick (SST), to Paintbar Factory to Decision Bar. None of them work. The only thing that varies is the price.

When I think back it makes sense. If someone is selling software, it just can’t work. If it did it would not be on sale at any price. They would be auto-trading it and making millions. They are all “breakout” systems that very in sensitivity and specificity.

There are only 2 enterprises out there that I have found that sell you trading methodology and NOT software. One is Top Dog and the other is Alpha Wave. I have taken both courses. I have taken Top Dog’s advanced courses. Their combined information have made me a very profitable trader.

Market structure is a critical component of a trade set-up and Alla and Alpha Wave teach amazing, superlative market structure methodology. But Alla is a purist and that is a weakness of hers. You do need to respect support/resistance levels and be careful on entering a long trade in an overbought market etc. That is where Top Dogs’s methodology comes into play. He uses momentum, stochastic etc. Combine the 2 and you get one kick-ass trading system.

I think members here are asking the wrong question; is Alpha Wave the perfect stand alone system? What they should be asking - is the Alpha Wave trading methodology a critical component of a successful trade. To that question, the answer is a resounding yes and if it is yes, the price for such wisdom (3K) is well worth it.

If you sensor the trades she calls in her trading room with 2 simple indicators, a stochastic and a momentum indicator, watch the 50 day-SMA and make sure you there is symmetry with the higher time frame 13 range chart you will hit home run after home run.

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

Charge for Trial - AWT


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.

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

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

AWT - other 2 trading rooms


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

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

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

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

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

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

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

You mentioned AWT as one of the top three trading rooms; please share the names of the other two for those who are not happy with AWT.

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  #90 (permalink)
Elite Member
Miami, FL, USA
 
Futures Experience: Advanced
Platform: ninjatrader
Favorite Futures: ES
 
andrewrunners's Avatar
 
Posts: 21 since Jan 2012
Thanks: 1 given, 17 received

Alpha Wave


Terrific post! I Trade her system with 2 simple add on indicators. This morning I was 3/3 on the 6E. I started trading at 6:30 AM EDT and was done by 9:30 AM. One of my trades was past the 5 target set-up. She has made me a very profitable trader. I recommend her trading methodology to everyone in this forum; and I am NOT a salesman.

ANDREWrunners
FIAT VOLUNTAS TUA
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