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" BullsEye" Indicator ...... Know when the Institutions are most likely to step in ??
I was watching a Webinar yesterday, and a New Indicator has come out , that can " Predict " when the Big Players/Institutions are Most Likely stepping in, and from this ..... The BIG Upward and Downward moves occur.
It looks similar to a Stochastics Sling type Indicator , but it looks as if it Triggers a Candle or two before the Big moves occur.
Here's a Link to the Indicator, and the discussion of it's use and how to use it for " when " to place trades.,
It's already Coded for TorS , but it's a Proprietary Indicator , and you have to pay to have access to it.
Can other Developers and Traders, please shed some light on if an Indicator Very similar to this one ( the BullsEye " already exists?
Or is there already an Indicator out there, that could be tweaked to give almost Identical signals, as seen in the Attached Video?
My personal opinion is that you don't need that indicator and it's not going to make someone successful. It's also from John Carter formerly of tradethemarkets.com. They continually develop and sell the next "greatest thing". It's always a game changer. He did reversion bands, wave abc, multi timeframe dots and now the "ready aim fire" thing for $500.
I'd pass on this and literally on anything that comes from John Carter. He is in the business of "selling the indicator" not in what we are looking for which should be trading, using the indicator.
I think he does teach how to use the indicator, but that is an additional charge. I just think the name of his game is to sell. It may be an indicator, or an combination of indicator and live trading etc. Like I mentioned in my prior post, why so many indicators that always seem to be "IT". What happens when his new "ready aim fire" is conflicting with his "multi-timeframe dots"? I've seen in his videos where he says its an RAF signal to go long. But I notice in the video the dots don't agree, but a month ago one is supposed to look for an alignment of dots. It's a never ending supply of the next great thing. At least for him if people keep buying the stuff. Prior to MTF dots it was his ABC Wave. Now he never talks about it.
I think it's a shame because he seems like a sincere guy and a nice guy. But, it all just seems geared towards sales of product and not trading education.
I use to follow John Carter but found he was always promoting a new indicator as the must have solution. And yes, he seems and sounds sincere and knowledgeable. I purchased the Ready Aim Fire and Dyna range package. Sometimes it helps but not what I would call a Bullseye system.
