Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
Posts: 3,424 since Aug 2010
Thanks: 1,052 given,
Forum Reputation: Legendary
Also, if you ever make the mistake to "Like" her on Facebook, you get tons of outdated useless half-ass charts to litter your FB for miles. I sent her a note to stop the garbage trail, yet it kept commimg. I reported her as Spam.
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I totally agree with LongBoat. Alla risk to reward ratio is out of line. One loser will take out the profits from two or three winners. She never shows total number of profits made from those trades she posted as winners against losers. Guess that was the reason why the result page is no longer on her site. One thing I notice though, if I am not mistaken. If a trade is a winner it pretty much work in your favor soon after the trade is entered. But when the stop is reached half way of what is given, say 15 ticks stop and you are now down 8 ticks from entry, that pretty much is going to be a loser.
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Thanks for the effort you put in to your review. Very comprehensive and I'm sure it will be appreciated by all who read this thread.
Sounds like things have changed since I was in the room. When I was there she called out both aggresive and conservative entries and announced them as such, but I don't remember any calls will any stops more than 2x target. I don't remember any belittling of room participants.
The advanced course was $499 when offered to me in May. I didn't take it so I don't know what was covered. It was mentioned for quite a while before it was offered and I just assumed it was waiting for price to be at one of her fib levels from a higher time frame chart before taking the trade on the lower time frame chart. When announced, the advanced course was spread out over 4 days so there must have been more to it that what I assumed.
Totally agree with your last comment about running a room instead of just trading. When I started with her I got the impression that she was trading this method herself and remember her interrupting one of our sessions to enter a trade. As things went on, and the marketing became more and more prominent, my impression changed and being the cynic that I am, I wonder if she trades anymore at all. Collecting fees from 65 people at $179/month is not bad.
As with all methods that require discretion, some will do well with this method while others won't.
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Thank you. Longboat. I'm glad that I wasn't alone in thinking that Alla is dodgy and arrogant!
In view of the large stops and small targets, I suspect that her system is designed for a trader to hop on board at the start of the "A" wave of a correction (hence the name; alphawave) , in the hope that the trade eventuates into a ride that would take the trader to the end of the "C" wave of the correction, or better still if it turns out into a W3 if the suspected correction turns out to be impulsive.
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This post has been selected as an answer to the original posters question
Hi Fellow Traders and you Longboat:
I could not disagree with you more regarding Alla and her trading methodology. I paid to learn her trading discipline and have never come across anything more effective. The piles of junk software and trailing indicators do nothing to help out the serious trader. You are doing everyone a disservice here by dissuading them from trying out the best of the best.
Ninety fine percent of her trade entry calls are clear and well defined. Occasionally, there is a slip up but that is inadvertent and not meant to deceive or mislead. Yes, her first targets are modest and her stops can be large but I cannot tell you the number of 40 and 50 tick winners that she calls that would have wiggled you out if you employed a tighter trailing stop. August is without a doubt the toughest month of the year to trade and she does an amazing job of keeping you out of chop.
Jonathan, her crude oil trader is a prodigy. He alone is more then worth the price of admission. He doesn’t call his trades out loud and I think he should but his trading entries are clearly posted because he uses Ninja’s chart trader. Last week he called a 90 tick winner and this week a 75 tick winner on crude oil. Gimme a break here, this man is an amazing trader. To call the trading room a marketing tool is nothing sort of ridiculous.
One more thing, the trade example you are citing on the 6E, where she had a 4 tick target and an 18 tick stop never occurred. If she is trading an 8 range, your entry will be one tick above the target candle with your stop one tick below; that’s a max of 10 ticks. How you arrived at 18 ticks on an 8 range entry candle is beyond me.
Alla herself is a no nonsense balls to the wall lady. If you ask a stupid question she raps your knuckles! Is she tough sometimes, yup! But is she brilliant always, yup also! She doesn’t mollycoddle you and that’s what some traders went. But that’s not what they need. They need a call to action. Not the, “poor baby” approach but the, “get real and get smart” call to start studying approach.
During her training sessions she BEGS her students for homework. Just more work for her but exemplifies her dedication. She wants to turn out successful traders. She answers questions via e-mail and is totally accessible by phone which she oftentimes picks up herself. No secretary to wall her off from her students. No need, because of her track record.
I still have my Seven Summits Trading Software (Pro Version). It’s a pile of junk. Forget the $1,499.00 I paid for it. In a choppy market it will put you in the poor house just like every other “break out” software system. But Alla’s trading method protects you big time. The numbers speak for themselves; 80 people in the trading room, 50 people in the educational room.
I encourage everyone to check out her trading room. It’s a free ride. Her methodology isn’t for everyone because it’s difficult. No buy on greed dot, sell on red dot here. Just no nonsense trading methods that if mastered will take you to the next level.
ANDREWrunners FIAT VOLUNTAS TUA
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The point I was trying to make here is that if you have the ego of an egg shell, go buy some software. Alla isn’t out to give you psychotherapy or hold your hand she is out to make you money. And she is amazingly ethical.
ANDREWrunners FIAT VOLUNTAS TUA
Last edited by andrewrunners; August 16th, 2012 at 11:29 PM.
Yea I know, I am not talking about hand holding or ego. I am talking about her treating a member with no respect. A member that was correct when she was in fact wrong! Here is what happened last week. She called a long on 6E out with a 4 tick target. The trade was offered at the target but it was never bid there. Alla counted it as a win anyway. I was in the trade and never got a fill to close. Another member in the room posted that he was still in the trade. Alla jumped all over him! She ripped him for not knowing the rules and that he is not paying attention and that we are already out of that trade. If you want to be a successful trader you need to follow her...It went on to be a loser of 12 ticks by the way. The member was correct! He did not deserve to be belittled in the room when in fact Alla doesn't understand bid and ask or that there can be orders ahead of you. Just because it hits her little fib tool target line doesn't mean you get filled. If she was at least trading a sim account she would have known that, but maybe that is the reason she doesn't sim so she can count those fantasy fills as winners.
I know you spent $3,000 for the course and I am glad you are making money with it. I don't approve of her arrogant commentary when people make comments that is all. I would prefer to see Jonathan trade CL.
I don't know if she sent you here to defend her method since Big Mike rightfully deleted her ridiculous post, but with only 10 posts in this forum your recommendation of her method doesn't carry the clout of others that have been posting in here for years.
Good luck. My review of the method stands -with pros and cons.
Oh and Quin2k I believe she is just trying to catch the third Elliott Wave sequence most of the time on the 8 or 13 range charts, nothing magical.
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