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.
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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.
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This post has been selected as an answer to the original posters question
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.
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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.
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