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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...?
Can you help answer these questions from other members on NexusFi?
OK, finally I got some time to reply to some misleading quotes here:
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.
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.
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".
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.
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.
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.
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.
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.
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.
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!
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.
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.
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.
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.
