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Dr. Brett uses this, and that is what got me interested to begin with. But really, I know how when I am in a bad trade my body does things that I am slow to pick up on but notice later -- like being hunched over in the chair, elevated heart rate, real tense, etc.
I think a device that you can hook up and establish a baseline for 'calm' and then a baseline for 'good trade' and 'bad trade' would be incredibly useful! I am sure the device can pick up on these signals your body makes so much quicker than you can, in the heat of the moment.
And it looks pretty cheesy. It seems the "software" only listens for the strength (volume) of the audio tone, because the input to the computer is the Mic-in jack, not USB. Hmm.
I think you mentioned you were going to email Dr. Brett and see if he has a recommendation? From his books, I don't think he ever named the one he uses (or I missed it), but I am quite certain it has computer feedback like graphs and charts.
I just watched the video, really cool. I wish it was more "precise", like a chart or graph. But I think this abstract method probably works just as well.
I've dropped them an email and see if any reply comes back. If not I'll drop them a call over 2 weeks or so see what the current status on this product is.
--> Got my reply already, the email is no longer working.. I'll see if i can drop them a call
this answer is "a little" late but the one that was recommended by Dr.Menaker is EmWave Desktop. It runs fully on your computer. I havent bought it but im considering it. Here is a link emWave Desktop Bio-feedback device from HeartMath | Beyond The Barriers
There are different bio feedback devices measuring all kinds of different things. The emWave i think measures heart rate variability. I can see the benefit of this since at the very least it shows you when you are in a relaxed state of mind. However Dr.Steenbarger mentioned in a Seminar that there is also a device that is able to measure the temperature of your skin on your head and depening on in which mental state you are it can supposedly show you when you are "in the zone" based on which part of your brain you are currently using.
The only device similar to this is what i found here: Muse: The Brain-Sensing Headband | Indiegogo