emini-watch.com - futures io
futures io



emini-watch.com


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one ericbrown with 6 posts (29 thanks)
    2. looks_two RichardHK with 6 posts (33 thanks)
    3. looks_3 Pley with 6 posts (11 thanks)
    4. looks_4 Wipeout with 6 posts (2 thanks)
      Best Posters
    1. looks_one RichardHK with 5.5 thanks per post
    2. looks_two ericbrown with 4.8 thanks per post
    3. looks_3 Cloudy with 2.2 thanks per post
    4. looks_4 Pley with 1.8 thanks per post
    1. trending_up 44,850 views
    2. thumb_up 134 thanks given
    3. group 29 followers
    1. forum 61 posts
    2. attach_file 3 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

emini-watch.com

(login for full post details)
  #1 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received

Anyone try out the indicators on emini-watch.com? I liked the free "better volumes" indicator from their site which is also posted on Ninjatrader.com. They have a bunch of nice free stuff. And it seems all they sell are their indicators. Thanks.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to Cloudy for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(254 thanks from 25 posts)
looks_twoSalao's Journalby Salao
(60 thanks from 12 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(48 thanks from 18 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(37 thanks from 15 posts)
looks_5Maybe a little bit different journalby Malykubo
(17 thanks from 16 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Crude Dude Oil Trading System
83 thanks
Big Mike in Ecuador
76 thanks
Help improve the FIO community
41 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
30 thanks
futures io site changelog and issues/problem reporting
21 thanks
 
(login for full post details)
  #3 (permalink)
 ericbrown 
Tulsa, OK
 
Experience: Advanced
Platform: Tradestation, TOS, Python
Broker: IQFeed, Tradestation, TOS
Trading: ES, SPY, Options
 
ericbrown's Avatar
 
Posts: 201 since Jan 2011
Thanks: 339 given, 253 received


I'm actually using emini-watch's indicators (better Pro-Am, Better Momentum and Better Sinewave). I love the indicators....they're giving me the exact information I've been looking for from the market. I've gone from an average of ~1.5 points a day over 7 trades to ~ 2 points over 3 trades per day. For me, that's a great change.......I'm not trading as much and the trades I'm taking are higher probability.

The indicators have helped me with Support/Resistance and volume + who's buying when.

I'd recommend the three indicators...good stuff.

Follow me on Twitter Reply With Quote
The following 13 users say Thank You to ericbrown for this post:
 
(login for full post details)
  #4 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
 
Posts: 958 since Feb 2010
Thanks: 1,189 given, 658 received

I watch his review everyday, and have been using better volume for long time, good for tick chart.

Reply With Quote
The following 5 users say Thank You to supermht for this post:
 
(login for full post details)
  #5 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received

Thanks EricBrown and Supermht! I tried them. They are great. While they still require discretion and
practice to use, they nailed general swings very nicely. Very good "early warning" signals, while not exact on entries, early warnings don't show up much in other generic indicators/systems. There's not much one can do about "cyclical" areas except maybe go to a smaller time frame or tick size. I like the idea of the better momentum indicator based on volume very much. And of great value to me, the indicators are actually fun to use. The author does a free summary most every day. I truly believe he's a trader sharing his ideas, and not just selling indicators. Thanks.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to Cloudy for this post:
 
(login for full post details)
  #6 (permalink)
 mkaminski 
Colorado, US
 
Experience: Advanced
Platform: NinjaTrader
Broker: NT/CQG
Trading: e-Mini S&P & Treasuries
 
mkaminski's Avatar
 
Posts: 90 since Jun 2011
Thanks: 99 given, 58 received

Following is the EasyLanguage code for emini-watch's Stopping Volume indicator. It was provided at no cost by them so I figured I'd post it here in case someone would like to convert it into NT7 language for anyone who was interested.

Inputs: TextColor(White), Space(True), StopAlert(True),
SpaceMulti(1), TextSpaceMulti(0.75);
Variables: OffsetBottom(0), OffsetTop(0), OffsetInput(0);

If Space = True then begin
Value1 = Average(Range,10)*SpaceMulti;
Plot1(H+Value1,"TopSpace",Tool_Black,0,0);
Plot2(L-Value1,"BottomSpace",Tool_Black,0,0);
End;

OffsetBottom = 0;
OffsetTop = 0;
OffsetInput = Average(Range,10)*TextSpaceMulti;

Condition1 = Ticks > Ticks[1] and Range < Range[1] and L < L[1];
Condition2 = Ticks > Ticks[1] and Range < Range[1] and H > H[1];

If Condition1 then begin
OffsetBottom = OffsetBottom+OffsetInput;
Value1 = Text_New(D,T,L-OffsetBottom,"Stop");
Value2 = Text_SetColor(Value1,TextColor);
Value3 = Text_SetStyle(Value1,2,2);
If StopAlert = True then begin
Alert("Stopping Volume Low");
End;
End;
If Condition2 then begin
OffsetTop = OffsetTop+OffsetInput;
Value1 = Text_New(D,T,H+OffsetTop,"Stop");
Value2 = Text_SetColor(Value1,TextColor);
Value3 = Text_SetStyle(Value1,2,2);
If StopAlert = True then begin
Alert("Stopping Volume High");
End;
End;

Michael

Reply With Quote
The following 9 users say Thank You to mkaminski for this post:
 
(login for full post details)
  #7 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received

There's also a free download of a version of BetterVolume3 someone wrote for NT7 on the Ninjatrader support forum: Links and Downloads Manager - NinjaTrader Support Forum

It seems to me the better pro-am indicator may effectively indicate a significant block of limit orders. It's like a tape reading for volume batches indicator without having to do actual tape reading of the order flow.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to Cloudy for this post:
 
(login for full post details)
  #8 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
 
Posts: 236 since Jan 2012
Thanks: 132 given, 331 received

Dear Cloudy, Eric,

Are you guys still using these Better indicators? Do seem like useful tools.

Wishing you good trading.
Richard
Hong Kong

Reply With Quote
 
(login for full post details)
  #9 (permalink)
 ericbrown 
Tulsa, OK
 
Experience: Advanced
Platform: Tradestation, TOS, Python
Broker: IQFeed, Tradestation, TOS
Trading: ES, SPY, Options
 
ericbrown's Avatar
 
Posts: 201 since Jan 2011
Thanks: 339 given, 253 received


RichardHK View Post
Dear Cloudy, Eric,

Are you guys still using these Better indicators? Do seem like useful tools.

Wishing you good trading.
Richard
Hong Kong

Hi Richard -

I am still using the emini-watch tools. They are very nice indicators to help get a grasp of what is happening in the market.

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to ericbrown for this post:
 
(login for full post details)
  #10 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received


Unfortunately, I found Better Momentum vague to use. Better Sinewave I like for on-chart dynamic resistance and support levels but they can also be commonly broken. Better ProAm can signal coming reversals sometimes but often in a strong new trend price just keeps on going no matter how many pro signals the other way.. It's just way too discretionary and no solid set combination or rules and signals. But then the same thing can be said for most any indicators. I still have them as I bought the lifetime license and there's been a recent free (for owners) update.

It may be a good substitute instead of following a traditional volume ladder. Maybe similar win/loss percentages seeing churn. And as supposedly volume based indicators, the Better indicators may be good confirmation/filter tools in combo with other methods such as watching price action.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to Cloudy for this post:
 
(login for full post details)
  #11 (permalink)
 ericbrown 
Tulsa, OK
 
Experience: Advanced
Platform: Tradestation, TOS, Python
Broker: IQFeed, Tradestation, TOS
Trading: ES, SPY, Options
 
ericbrown's Avatar
 
Posts: 201 since Jan 2011
Thanks: 339 given, 253 received

I would agree somewhat on the momentum indicator. There are times when teh momentum indicator is helpful and other times where its been opposite what I thought it should be telling me.

My favorite of the indicators is the pro-am colorbars...that seems to be the most helpful for me. I'm a big believe of watching price + Volume and the pro-am does both of those really well.

Follow me on Twitter Reply With Quote
The following 5 users say Thank You to ericbrown for this post:
 
(login for full post details)
  #12 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
 
Posts: 426 since Oct 2009
Thanks: 255 given, 751 received

Indeed,

I am not a huge fan of commercial methods; however--this one seems valid/legit if one puts in the TIME and then makes it one's own with proper risk management etc...

I do watch his video's from time to time.

My trading partner also likes his work; though we don't use it actively.

peace

Hedvig

Reply With Quote
The following 2 users say Thank You to researcher247 for this post:
 
(login for full post details)
  #13 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
 
Posts: 236 since Jan 2012
Thanks: 132 given, 331 received

Thanks Eric, Cloudy, and Hedvig,

Most valuable feedback and having studied many Emini-watch videos plus several months ES printouts of 2000 tick charts (my trading choice) of all Better Indicators from a friend, I can see all the issues discussed.

I am a discretionary price action trader (Al Brooks style) but like Eric do put some added value on Price+Volume. After all the Wyckoff, volume spread analysis, market delta, tape reading, and similar study the last few months, the Better indicators did seem to offer some insight into what is happening with volume. Never happy to see a bull bar, for example, that when you look into bar it shows more down volume than up! These Better thingies are operating on numbers behind bars so that told me I didn't need to be doing same continuous calculation work myself.

Nothing is 100% of course, otherwise there would be no market, but the primary tool has to be our own brain I figure - into which various information is fed. Hard work. So, I am going to buy these thingies and add them to my chart. I will not use them exclusively as Barry of Emini-watch seems to do, as being too reliant on them is counter-productive I believe - and what Cloudy seems to have found (?).

Emini-watch Barry does get out of good trades too early (like yesterday!) based on his indicators, whereas I can see price action simply going into a tight trading range (TTR) before moving on, for example. Better Momentum indicators do often flag a TTR it seems, rather than reversal which is still of great value. And breakouts from Better Sine Wave S/R is also valuable. Anyway, Barry is a self-confessed 'too emotional' trader at times which is why I really him and his updates. He's a real trader for sure just like Al Brooks at the other extreme. Al is cold as ice.

The perfect price-volume tool to me (if such a thing exists) seems to be something on the lines of the Market Delta software. But being locked into TradeStation for now I will keep an eye on that and similar tools that may appear. Until then I will continue with training my own cerebral cortex with price action supported by various market and volume indicators: the Better Trio (plus Better Volume bars) and my trusty $TICK, $TIKI, $TRINSP, $PCVA, $VOLSPD, $INX and Time & Sales. Together with the TS Matrix price ladder I have more than enough to help me see what is 'happening in the market' as Eric noted.

At the end of the day I am simply trying to understand and get on-board with what the market makers are doing - and trying to make a fraction of the money those guys extract from the market daily through their constant manipulation cycles. Price+volume is one door into their world I believe.

Thanks again everyone. Will drop back in later and report back on how these Better thingies go.

Sorry for rambling on but just trying to give back something of value hopefully. Apologies for any typos.

Richard
Hong Kong

Reply With Quote
The following 7 users say Thank You to RichardHK for this post:
 
(login for full post details)
  #14 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
 
Posts: 236 since Jan 2012
Thanks: 132 given, 331 received

So far so good with these indicators. Combined with extended study of the VSA free materials (Tom Williams) and Gavin Holmes new book there is a lot going for having a virtual 'assistant' watching the volume and supply/demand imbalances for me. Still learning but getting there.

One query though. As these indicators use the ES symbol Trade Volume setting, I cannot get the standard Tick Counter to work.

Q: Is there a Tick Counter that I can use with a Trade Volume setting chart? I get very twitchy not knowing when the bar is going to close! I am using a 2,000 ticks chart with TradeStation.

Richard
Hong Kong

PS. Since above message I have dropped $PCVA and $TIKI. Not useful. But added the @NQ Nasdaq which tends to lead the S&P. And using the $TRIN not $TRINSP which did not really help.

Reply With Quote
 
(login for full post details)
  #15 (permalink)
 kleros 
San Diego, CA
 
Experience: Intermediate
Platform: Sierra Chart, TOS
Trading: CL, ES, ZB
 
Posts: 28 since Nov 2012
Thanks: 127 given, 105 received

This is my first post. I am new to trading futures, but have been a equity fund manager for +12 years. I am interested in purchasing these indicators for NinjaTrader. Any recent thoughts on them? Also, has anyone tried to replicate the Pro-Am indicators? I've looked through a few forums and it looks like that indicator is most unique?

Reply With Quote
 
(login for full post details)
  #16 (permalink)
 longboat 
Philadelphia, Pa
 
Experience: Advanced
Platform: Sierra Charts
Broker: Amp/CQG
Trading: CL, ES
 
longboat's Avatar
 
Posts: 144 since Jun 2009
Thanks: 901 given, 214 received

Kleros,

I have the indicators and they are excellent. I don't think you can replicate them. Barry has done some great coding with them. Probably the best set of indicators you can buy combined with his videos. I don't use them much anymore as I don't really like to trade the ES. They just didn't give me enough entries to keep my attention. Good luck.

Longboat

Reply With Quote
The following 4 users say Thank You to longboat for this post:
 
(login for full post details)
  #17 (permalink)
 kasiulai 
Benicia, Solano, CA
 
Experience: Beginner
Platform: ninjatrader
Trading: futures, ES, CL, YM
 
Posts: 5 since Mar 2012
Thanks: 2 given, 0 received

Have anyone tried the Better indicators with other markets than ES, such CL, NG and gold?

I am thinking of getting this package of indicators. The cost is quite reasonable.

Reply With Quote
 
(login for full post details)
  #18 (permalink)
 ericbrown 
Tulsa, OK
 
Experience: Advanced
Platform: Tradestation, TOS, Python
Broker: IQFeed, Tradestation, TOS
Trading: ES, SPY, Options
 
ericbrown's Avatar
 
Posts: 201 since Jan 2011
Thanks: 339 given, 253 received

I have applied the Better Indicators to NQ, YM and TF and CL and they do a pretty good job. You've got to play around with the Tick Chart sizing.

Barry addresses using the indicators on other markets quite well on his website...for example for Oil: Do the ‘Better’ Indicators Work on Crude Oil? Yes

Follow me on Twitter Reply With Quote
The following user says Thank You to ericbrown for this post:
 
(login for full post details)
  #19 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
 
Posts: 236 since Jan 2012
Thanks: 132 given, 331 received


kleros View Post
This is my first post. I am new to trading futures, but have been a equity fund manager for +12 years. I am interested in purchasing these indicators for NinjaTrader. Any recent thoughts on them? Also, has anyone tried to replicate the Pro-Am indicators? I've looked through a few forums and it looks like that indicator is most unique?

Kleros,

I am still using the better indicators and recently moved to NinjaTrader so had to buy again! That may count as some kind of endorsement. Buying the second time you can get a 50% discount.

I find the Better SineWave to be very useful. Uncannily accurate as you can see from yesterday's attached ES action on a 2000 tick chart. Red = Resistance, Blue = Support. Indicator first appears on next bar so excellent for confirmation with usually more reliable second entries. If you want earlier indication you can use the Better SineWave 2 indicator included that shows the approaching events (below chart). Plenty info on screen already for me though.

ProAm is also useful, but more useful since I installed the Jigsaw DOM so I can now see both market order sizes from the Jigsaw tools, and large limit orders via the ProAm. The Triangle is the ProAm ProExit indicator which along with the various bull and bear divergence circles are useful, but not to be used as 100% setups of course.

Better Momentum helpful for feeling general momentum to back up DOM/tape reading analysis. Only glance at this to see general market balance.

By moving to NinjaTrader (for Jigsaw tools) I missed the multi-chart backup of TradeStations' tabbed windows BUT forcing me to simplify my workspace has actually helped. I no longer follow the multi timeframes as Barry does on his Emini-watch site - but focusing on the single 2000 tick chart with market internals info (TICK/PREM) plus key stocks in the Market Analyzer is all I need.

Better indicators should normally be used as Price Action confirmation, not for entries alone. DOM/order flow also used as confirmation but increasingly getting more useful for exit decisions as well as scalp entries.

Hope that helps. Trust you can decifer the Better Indicators Ok on image. Blue is Pro, Gold is Amateur bars. Sine wave those short blue/red dashed lines. Other lines my own S&R reference levels getting ready for next session.

Richard
Hong Kong


Reply With Quote
The following 14 users say Thank You to RichardHK for this post:
 
(login for full post details)
  #20 (permalink)
 kleros 
San Diego, CA
 
Experience: Intermediate
Platform: Sierra Chart, TOS
Trading: CL, ES, ZB
 
Posts: 28 since Nov 2012
Thanks: 127 given, 105 received

RichardHK,

Thanks for the informative reply. I plan to use these indicators with NinjaTrader. I am curious as to why you moved to only one time frame at 2000 ticks.

Reply With Quote
 
(login for full post details)
  #21 (permalink)
 rptrader 
MN
 
Experience: Intermediate
Platform: NinjaTrader
 
Posts: 103 since Mar 2010
Thanks: 461 given, 81 received


RichardHK View Post
Kleros,

I am still using the better indicators and recently moved to NinjaTrader so had to buy again! That may count as some kind of endorsement. Buying the second time you can get a 50% discount.

I find the Better SineWave to be very useful. Uncannily accurate as you can see from yesterday's attached ES action on a 2000 tick chart. Red = Resistance, Blue = Support. Indicator first appears on next bar so excellent for confirmation with usually more reliable second entries. If you want earlier indication you can use the Better SineWave 2 indicator included that shows the approaching events (below chart). Plenty info on screen already for me though.

ProAm is also useful, but more useful since I installed the Jigsaw DOM so I can now see both market order sizes from the Jigsaw tools, and large limit orders via the ProAm. The Triangle is the ProAm ProExit indicator which along with the various bull and bear divergence circles are useful, but not to be used as 100% setups of course.

Better Momentum helpful for feeling general momentum to back up DOM/tape reading analysis. Only glance at this to see general market balance.

By moving to NinjaTrader (for Jigsaw tools) I missed the multi-chart backup of TradeStations' tabbed windows BUT forcing me to simplify my workspace has actually helped. I no longer follow the multi timeframes as Barry does on his Emini-watch site - but focusing on the single 2000 tick chart with market internals info (TICK/PREM) plus key stocks in the Market Analyzer is all I need.

Better indicators should normally be used as Price Action confirmation, not for entries alone. DOM/order flow also used as confirmation but increasingly getting more useful for exit decisions as well as scalp entries.

Hope that helps. Trust you can decifer the Better Indicators Ok on image. Blue is Pro, Gold is Amateur bars. Sine wave those short blue/red dashed lines. Other lines my own S&R reference levels getting ready for next session.

Richard
Hong Kong



@RichardHK,

Do these indicators have a sound alert that fires when those dots and triangles appear for a potential trade?

Thank you,
rptrader

Reply With Quote
The following user says Thank You to rptrader for this post:
 
(login for full post details)
  #22 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
 
Posts: 236 since Jan 2012
Thanks: 132 given, 331 received

@kleros

I started with the 5 minutes chart following Al Brooks' price action but was always frustrated with the slow action and endless waiting. Yes, I know patience is a virtue, but wanted more setups to review.

Got into the Better Indicators and set up three tick charts as per BI Barry's site advice and found that Ok (500,1500, 4500t).

Then came across a trader called Mack doing a daily chart review ( PATS Trading) who uses a single 2000t chart which made a lot of sense. As for Al Brooks' approach, the more simple the better, and found the 2000t to be all I needed.

I dropped the lower and higher TFs (667/6000) I had set up with the 200t after moving to NinjaTrader where screen real estate was more difficult to layout (as noted earlier).

Following Mack's lead, I am now very comfortable with one main chart and use the market internals and DOM/T&S for support along with the Better Indicators. I also have a small 5 min chart open as still following Al Brooks' daily updates. The 5 minute can often act as strong support too of course.

@rptrader

Yes, there are alerts for all indicators. Lots of flexibility except that after moving to NinjaTrader I lost many custom sounds due to its inferior audio handling.

Hope that helps.

Reply With Quote
The following 7 users say Thank You to RichardHK for this post:
 
(login for full post details)
  #23 (permalink)
 rptrader 
MN
 
Experience: Intermediate
Platform: NinjaTrader
 
Posts: 103 since Mar 2010
Thanks: 461 given, 81 received

@RichardHK,

Thank you for the quick reply.

rptrader

Reply With Quote
 
(login for full post details)
  #24 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received

Saw this free article on JigSawTrading.com's website where someone used Eminiwatch's better ProAm paintbar indicators to help him on a strategy on entries. Basically on the "pro" volume bars in the initial trend direction sometimes leaving consolidation.

Tape Reading - Cumulative Delta

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #25 (permalink)
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
 
paps's Avatar
 
Posts: 1,721 since Oct 2011
Thanks: 2,173 given, 1,710 received

Yes use them primarily for ES...have a section of my screen where it runs. Also have a chart of CL using them. Yes...the Pro/Ams though great....really does not say buy/sell. I use them and supplement with other stuff such as Volume studies / Tick / S&R / VWAP. It helps....but i would probably never trade with them only without my other charts ...especially volume. Hope this helps.

Reply With Quote
The following 2 users say Thank You to paps for this post:
 
(login for full post details)
  #26 (permalink)
 David_R 
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,517 since Nov 2009
Thanks: 2,278 given, 2,412 received

Barry Taylor of emini-watch.com put together a series of videos called 10 Days to better emini trading. If you sign up to receive the series you will get one video by email each day for 10 days. I found each one to be very good advice for someone that may be struggling. He gives his opinions and ideas that may help one improve their results. It's not a sales pitch for his indicators just things that he himself has done to improve his own trading.

10 Days to Better Emini Trading | Emini-Watch.com

D

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to David_R for this post:
 
(login for full post details)
  #27 (permalink)
 ericbrown 
Tulsa, OK
 
Experience: Advanced
Platform: Tradestation, TOS, Python
Broker: IQFeed, Tradestation, TOS
Trading: ES, SPY, Options
 
ericbrown's Avatar
 
Posts: 201 since Jan 2011
Thanks: 339 given, 253 received


David_R View Post
Barry Taylor of emini-watch.com put together a series of videos called 10 Days to better emini trading. If you sign up to receive the series you will get one video by email each day for 10 days. I found each one to be very good advice for someone that may be struggling. He gives his opinions and ideas that may help one improve their results. It's not a sales pitch for his indicators just things that he himself has done to improve his own trading.

10 Days to Better Emini Trading | Emini-Watch.com

D

I've watched the 10 videos and really enjoyed them. Barry does good work.

Follow me on Twitter Reply With Quote
The following 4 users say Thank You to ericbrown for this post:
 
(login for full post details)
  #28 (permalink)
 OpalDragon 
Des Moines, Iowa
 
Experience: Advanced
Platform: Ninja Trader
Trading: 6E, CL, Anything that moves
 
Posts: 486 since Jun 2012
Thanks: 647 given, 192 received


RichardHK View Post
Kleros,


Hello Richard!

Great post! and Thanks for the input! Do you still use the E-mini-watch tools?

I had quick question >> I wonder if you could post a few pictures of the Better Mom and the BETTER SINE on CL

with RJay No Gap Range Bars set to 5 tick ? They are great and he gives them on his site for free. /https://www.innovative-trading-solutions-online.com/new/range-no-gap-bars-chart/

Is that possible?

THANKS

OPAL

Reply With Quote
 
(login for full post details)
  #29 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,005 since Jun 2009
Thanks: 32,468 given, 98,288 received


OpalDragon View Post
They are great and he gives them on his site for free.

Please link to his site then, a quick search on futures.io (formerly BMT) shows they were only shared in Elite section prior to your post.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #30 (permalink)
 OpalDragon 
Des Moines, Iowa
 
Experience: Advanced
Platform: Ninja Trader
Trading: 6E, CL, Anything that moves
 
Posts: 486 since Jun 2012
Thanks: 647 given, 192 received


Big Mike View Post
Please link to his site then, a quick search on futures.io (formerly BMT) shows they were only shared in Elite section prior to your post.

Mike

Alright... Edited

Reply With Quote
 
(login for full post details)
  #31 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
 
Posts: 236 since Jan 2012
Thanks: 132 given, 331 received


OpalDragon View Post
Hello Richard!
Great post! and Thanks for the input! Do you still use the E-mini-watch tools?
I had quick question >> I wonder if you could post a few pictures of the Better Mom and the BETTER SINE on CL
with RJay No Gap Range Bars set to 5 tick ? They are great and he gives them on his site for free. / RangeNoGap | NinjaTrader Bar Chart By RJay
Is that possible?
THANKS
OPAL

Hi Opal,

Wow, that post was nearly 30 months ago when I was still looking my holy grail setup! Am not using the full suite of Better Indicators now as with price action and my Jigsaw tools there are more than enough signals to work on. I found the multi-timeframe with better indicators to be overkill for me, so dropped all but the ProAm indicator which does work Ok.

Down now to a single 2000 tick ES chart with Jigsaw to support price action setups. Just one 21EMA on the chart plus the Better ProAm as noted. Also have the Prem and NYSE Tick for 5% support, but Tick in particular appears to be manipulated by the big guys most of the time so need to be careful. Have a 5 minute ES to the side as use Al Brooks price action concepts and watch the 5 minute to imagine what Al is saying in his trading room.

Never bothered with Crude Oil and attach a snapshot of yesterday's 5 min chart (note I am 12 hours ahead) with all the Better Indicators inserted. Not sure what good this is, but no point me getting into anymore as you really need a BI full-suite user to help out. Maybe a tick chart would be more useful?

Hope that helps.
Richard


Richard
Hong Kong
Reply With Quote
The following 5 users say Thank You to RichardHK for this post:
 
(login for full post details)
  #32 (permalink)
Dijon
Ashburn, VA United States
 
 
Posts: 20 since Jul 2015
Thanks: 4 given, 10 received


Cloudy View Post
Anyone try out the indicators on emini-watch.com? I liked the free "better volumes" indicator from their site which is also posted on Ninjatrader.com. They have a bunch of nice free stuff. And it seems all they sell are their indicators. Thanks.

I used all the indicators for a couple of years but couldn't get profitable with them alone. I still use the pro-am and momentum but more for confirmation than actual setups. They are really nice though and do provide useful information, just couldn't figure out how to apply them real time.

Reply With Quote
 
(login for full post details)
  #33 (permalink)
 forgiven 
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
forgiven's Avatar
 
Posts: 668 since Mar 2012
Thanks: 154 given, 396 received

i got the indicators a few years ago. the better volume is the best of the 3. it is good at i.d. a false brake out by small traders. i still use it. the guy that runs this is a good trader. going through all his stuff will not be a waste of time but you can do that for free. as for the rest of the indicators or his trading style... you would need to spend years working with it to master it... i have not found any other trader that has done that. so i would buy the better volume and go through all his works. it will help ... some...

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to forgiven for this post:
 
(login for full post details)
  #34 (permalink)
 PilotTrader 
New Brunswick NJ/USA
 
Experience: Intermediate
Platform: NT7, NT8
Trading: NQ, CL, GC, NG, HG
 
PilotTrader's Avatar
 
Posts: 154 since Aug 2014
Thanks: 90 given, 346 received


ericbrown View Post
I would agree somewhat on the momentum indicator. There are times when teh momentum indicator is helpful and other times where its been opposite what I thought it should be telling me.

My favorite of the indicators is the pro-am colorbars...that seems to be the most helpful for me. I'm a big believe of watching price + Volume and the pro-am does both of those really well.

Hello ericbrown,

You seem to be an avid user of the three emini-watch indicators and was wondering, a few years after your last post, if (1) are you still using these indicators, (2) if so, how do you like the know all-in chart, multi-time frame update?

Lastly, I watched a few of Barry's videos and was wondering if he provides detailed entry and exit trade set-ups using these indicators? Couldn't find any details in his website and I have yet to hear back from him (I emailed him last week, no reply yet).

On an aside, I did find two of his free indicators to be quite helpful and when I incorporated this BGTrend indicator into one of my NT8 strategies, improved the win-rate a few percentage points. 7 Free Trading Indicators (and 1 Free Download) | Emini-Watch.com

Regards, Ricardo

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #35 (permalink)
 ericbrown 
Tulsa, OK
 
Experience: Advanced
Platform: Tradestation, TOS, Python
Broker: IQFeed, Tradestation, TOS
Trading: ES, SPY, Options
 
ericbrown's Avatar
 
Posts: 201 since Jan 2011
Thanks: 339 given, 253 received


PilotTrader View Post
Hello ericbrown,

You seem to be an avid user of the three emini-watch indicators and was wondering, a few years after your last post, if (1) are you still using these indicators, (2) if so, how do you like the know all-in chart, multi-time frame update?

Lastly, I watched a few of Barry's videos and was wondering if he provides detailed entry and exit trade set-ups using these indicators? Couldn't find any details in his website and I have yet to hear back from him (I emailed him last week, no reply yet).

On an aside, I did find two of his free indicators to be quite helpful and when I incorporated this BGTrend indicator into one of my NT8 strategies, improved the win-rate a few percentage points. 7 Free Trading Indicators (and 1 Free Download) | Emini-Watch.com

Regards, Ricardo

Hi Ricardo -

I do still use the emini-watch indicators. I use the 'old' version' not the multi-timeframe versions that he charges $100 a month for now. I've never used the new version.

Barry does provide entry/exit setups in a general sense (e.g., all three timeframes are lined up, professional bar, etc etc) but he doesn't provide any specific setups regularly other than occasionally in his update videos.

Follow me on Twitter Reply With Quote
The following 4 users say Thank You to ericbrown for this post:
 
(login for full post details)
  #36 (permalink)
 PilotTrader 
New Brunswick NJ/USA
 
Experience: Intermediate
Platform: NT7, NT8
Trading: NQ, CL, GC, NG, HG
 
PilotTrader's Avatar
 
Posts: 154 since Aug 2014
Thanks: 90 given, 346 received


ericbrown View Post
Hi Ricardo -

I do still use the emini-watch indicators. I use the 'old' version' not the multi-timeframe versions that he charges $100 a month for now. I've never used the new version.

Barry does provide entry/exit setups in a general sense (e.g., all three timeframes are lined up, professional bar, etc etc) but he doesn't provide any specific setups regularly other than occasionally in his update videos.

Gotcha, thank you sir for the quick reply! ;-)

I may simply bite the bullet and pay the $100 entry fee as a 1-month look/see to make a determination if this is something I can use or incorporate into my trading (which is mostly mechanical). The overall concept seems sound to me and the fact that his BetterXTrend indicator helped with my strategy performance results is a big plus to me. And if that's the case, you will probably hear a lot more from me asking a few more dumb questions. ;-)

BTW, other that what you have already posted in the past with regard to Barry's indicators, do you have any further insights that you can add with regard to your experience in using these indicators? Thanks again.

Best regards, Ricardo

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #37 (permalink)
 PilotTrader 
New Brunswick NJ/USA
 
Experience: Intermediate
Platform: NT7, NT8
Trading: NQ, CL, GC, NG, HG
 
PilotTrader's Avatar
 
Posts: 154 since Aug 2014
Thanks: 90 given, 346 received

Just to update, I have decided to forego using these so-called 'better' indicators from Emini-Watch. After emailing Barry, the creator of these indicators, numerous times, asking some very basic questions with regard to trade performance and statistical expectations from these indicators as well as a few detailed questions regarding trade entry locations, Barry simply chose to ignore my emails and has not responded. He did only respond to my first inquiry (after second and third requests) and his response prompted me to ask more detailed, probing questions, which has been, as of this day, been totally ignored.

And that's that. Am moving on to good and better things.


Regards to all,
Ricardo


Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to PilotTrader for this post:
 
(login for full post details)
  #38 (permalink)
 mattz   is a Vendor
 
 
mattz's Avatar
 
Posts: 2,489 since Sep 2010
Thanks: 2,427 given, 3,758 received


PilotTrader View Post
Just to update, I have decided to forego using these so-called 'better' indicators from Emini-Watch. After emailing Barry, the creator of these indicators, numerous times, asking some very basic questions with regard to trade performance and statistical expectations from these indicators as well as a few detailed questions regarding trade entry locations, Barry simply chose to ignore my emails and has not responded. He did only respond to my first inquiry (after second and third requests) and his response prompted me to ask more detailed, probing questions, which has been, as of this day, been totally ignored.

And that's that. Am moving on to good and better things.


Regards to all,
Ricardo


You want indicators to have performance? I dont know this vendor or the indicator he/she offers, but you sure you have reasonable expectations? I never heard of an indicator that has performance. Indicators "indicate", they are not performance driven.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Reply With Quote
The following user says Thank You to mattz for this post:
 
(login for full post details)
  #39 (permalink)
 PilotTrader 
New Brunswick NJ/USA
 
Experience: Intermediate
Platform: NT7, NT8
Trading: NQ, CL, GC, NG, HG
 
PilotTrader's Avatar
 
Posts: 154 since Aug 2014
Thanks: 90 given, 346 received


mattz View Post
You want indicators to have performance? I dont know this vendor or the indicator he/she offers, but you sure you have reasonable expectations? I never heard of an indicator that has performance. Indicators "indicate", they are not performance driven.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Ha, ha, indicators indicate... very funny :-)

Actually, this vendor 'recommends' trade set-ups using the three indicators he has up for rent. His stated target for these set-ups is 4 points on the ES. I didn't think it would be unreasonable for me to ask what kind of win-rate to expect OR what win-rate the owner is getting following these set-ups, that reaches the 4-point targets.


Regards,
-Ricardo

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to PilotTrader for this post:
 
(login for full post details)
  #40 (permalink)
 mattz   is a Vendor
 
 
mattz's Avatar
 
Posts: 2,489 since Sep 2010
Thanks: 2,427 given, 3,758 received


PilotTrader View Post
Ha, ha, indicators indicate... very funny :-)

Actually, this vendor 'recommends' trade set-ups using the three indicators he has up for rent. His stated target for these set-ups is 4 points on the ES. I didn't think it would be unreasonable for me to ask what kind of win-rate to expect OR what win-rate the owner is getting following these set-ups, that reaches the 4-point targets.


Regards,
-Ricardo

I see.

For me indicators are always a small part of a larger set up and not a trigger for trading. Rather than having fixed targets on indicators, traders should understand the context and volatility. But again, I don't know this specific one.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Reply With Quote
 
(login for full post details)
  #41 (permalink)
 PilotTrader 
New Brunswick NJ/USA
 
Experience: Intermediate
Platform: NT7, NT8
Trading: NQ, CL, GC, NG, HG
 
PilotTrader's Avatar
 
Posts: 154 since Aug 2014
Thanks: 90 given, 346 received


mattz View Post
I see.

For me indicators are always a small part of a larger set up and not a trigger for trading. Rather than having fixed targets on indicators, traders should understand the context and volatility. But again, I don't know this specific one.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Yeah, I understand that. However, since the vendor provides, or recommends, specific trade-ups using his indicators (that one has to pay for), with set targets and stops, I can't understand why he won't, or hesitant to, provide trade performance expectations for stated set-ups, that's all. Perfectly logical, IMO.

Not much different if I am purchasing an airplane wherein the manufacturer would provide performance numbers to expect, such as true airspeed, rate of climb, etc. using specific power settings for any given temperature, pressure and altitude environments. But of course, this is trading and not aviation. ;-)

Who knows the guy could be on vacation and simply can't answer my emails, then I would respectfully apologize for all the negative things I have said and make a retraction.


Regards, Ricardo


Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #42 (permalink)
 Pley 
Chantilly, VA 20152
 
Experience: Beginner
Platform: Tradestation
Trading: emini
 
Posts: 12 since May 2016
Thanks: 1 given, 16 received

After reading this thread starting at 2011, now it is 2017 December. No one seems to be too negative about it.

I bump into Barry's free video, it seems pretty good. I started paper trade Emini since 2016 June. It's about a year and a half, still looking ways to increase the odd in understanding market structure.

In the video, he seems like a successful trader who did a lot of homework and improves his trade thru hard work overtime. I agreed most what he said in his free video. Trade less and focus with less distraction.

I was a little put off after I saw he sold indicators like many other people. Although he seems to put a lot of work in these indicators. So I am going to give them a try and see how well it fit my trading.

I can't help to think he may not be trading anymore since he would just collect the rental fee from the indicator. As he said, you always at risk while you are in the market.

Padraic

Reply With Quote
 
(login for full post details)
  #43 (permalink)
 Wipeout 
Springfield, Missuouri
 
Experience: None
Platform: Sierra, Ninja
Broker: NinjaTraderBrokerage
Trading: ES
 
Wipeout's Avatar
 
Posts: 39 since Oct 2017
Thanks: 117 given, 18 received


Pley View Post
After reading this thread starting at 2011, now it is 2017 December. No one seems to be too negative about it.

I bump into Barry's free video, it seems pretty good. I started paper trade Emini since 2016 June. It's about a year and a half, still looking ways to increase the odd in understanding market structure.

In the video, he seems like a successful trader who did a lot of homework and improves his trade thru hard work overtime. I agreed most what he said in his free video. Trade less and focus with less distraction.

I was a little put off after I saw he sold indicators like many other people. Although he seems to put a lot of work in these indicators. So I am going to give them a try and see how well it fit my trading.

I can't help to think he may not be trading anymore since he would just collect the rental fee from the indicator. As he said, you always at risk while you are in the market.

Padraic

Come back to this thread and post how things are going, I am interested in these indicators also and would like to hear about your progress. Best of Luck to you!

Reply With Quote
 
(login for full post details)
  #44 (permalink)
 Pley 
Chantilly, VA 20152
 
Experience: Beginner
Platform: Tradestation
Trading: emini
 
Posts: 12 since May 2016
Thanks: 1 given, 16 received

Hi Wipeout, hope your handle is not your trading account..lol.

I leased the indicator for $100 a month under the "new" Multi-Time-Frame screen feature setup. Gone with the older lifetime purchase.

The Good is that $100 to find out. If it doesn't work for me; A small sum. If it helps my result $100 is not an issue per month in trading Future (ES) as a retirement career. I had paid over $4000 for one vendor and another $3000 at another for the lifetime license on software/indicator in the last few years. Sadly, I didn't wind up using them as much even though they do forward my trading.

The background of these indicators are over ten years old and improvement from the author, His trading style should be valuable for many beginners in my opinion. I am relatively new to trade ES with 20+ years on and off in the stocks market. I like Elliott Wave and Harmonic along with Fib. Own all Al Brooks books and his video. Day trade Future is not easy with high failure rate, but the result is great when you can get in the club.

So, it took me no time to install it in my Tradestation. I used an international credit card to pay to avoid oversea exchange fee since he is in Australia, I believed.

My result improves in a short period. I test it from the middle of the holiday season to post new year at my paper testing. It may add at least a point+ at my ES trade. I was like many newbies start out as a scalper but have a feeling, it may not work well for the long term at least for me.

It took me a full day to understand the screen by reading his startup video and make some notes. After install, the chart looks very cryptic with the color dots and horizontal bars. He uses red as the bull and white color as bear take some use to. I left it alone to match the tutorial videos. Every day, I get a little more experience to use it.

Overview, his method is discretionary trading. The indicators don't tell you the entry buy or sell. But inform trader the market structure. So no holy grail here and system trading. His philosophy happens to agree with me to take small 4 points and out per day as in his free ten days video. So his indicators are revolved around that concept.

Three indicators on one screen.
1. Sine wave - with three charts in one, where he called it MTF (MultiTimeFrame) trading based from Dr. Elder books, I happen to read it in the 90s. It displays support and resistance in the chart from three-time frames. 500/1500/4500 ticks. I used to trade in 5 minutes chart from Al Brook but now convinced tick chart is much better.
2. Volume momentum - This is the best for me to add Volume in my trading, but it is not precise enough to use it as a signal as other had said. Volume is essential since it leads price to conventional wisdom.
3. Pro vs. amateur bars - This indicator marks the bar in blue and yellow to warn you who is making the trade. Professional or amateur.

The startup tutorial is okay to walk you thru the setup. It is easy if you know your platform well.

To get more experience how to absorb the indicators and its subtlety may take a while depending on your skill on how you may add to your current setup and integrate into your experience. For me, it felt like adding an x-ray vision in the market for me; mainly I gain volume information and pro and armature. The Sine wave three-time frame is excellent to see them on one screen without switching the chart as the older version was. You can still use the old way by changing an input parameter.

The most important for me is giving me more confidence in my entry and help me to stay the course during minor shake out. The indicator seems to help me to ride the wave 3 when it shows up.

In the end, there is no magic in the day trading world. That means nothing work 100%. Al Brook said 60/40 win rate is average or excellent. Otherwise, there is no market. Get your win when it looks sure and stays out make sense to me.

Reply With Quote
The following 2 users say Thank You to Pley for this post:
 
(login for full post details)
  #45 (permalink)
 Wipeout 
Springfield, Missuouri
 
Experience: None
Platform: Sierra, Ninja
Broker: NinjaTraderBrokerage
Trading: ES
 
Wipeout's Avatar
 
Posts: 39 since Oct 2017
Thanks: 117 given, 18 received

Yeah, my handle means many things as far as my account is concerned not yet. Thanks for the response Pley greatly appreciated. ericbrown and yourself had good things to say about the better indicator series, I will take another look at them and follow up with some questions if that's ok. I'm also looking into Jigsaw I'm thinking of taking the dive into order flow and leaning to trade more like a prop trader, I was dabbling in using level 2 and time & sales when I traded stocks with good results but stopped and didn't follow through, takes a bit of practice. Now that I've moved to futures price action is not enough for me alone I'm on a journey now future is a hole different ball game.
Best to you! Wipeout

Reply With Quote
 
(login for full post details)
  #46 (permalink)
 Pley 
Chantilly, VA 20152
 
Experience: Beginner
Platform: Tradestation
Trading: emini
 
Posts: 12 since May 2016
Thanks: 1 given, 16 received

I am thinking to try out jigsaw/order flow sometime down the road. The Best indicators work best in sideways or slow up and down trends.

For stronger up trend like last week. Another trend following indicator will work better. A strong trend doesn't happen often. So the Better sine wave is a good tool for ranging market.

Reply With Quote
 
(login for full post details)
  #47 (permalink)
 Wipeout 
Springfield, Missuouri
 
Experience: None
Platform: Sierra, Ninja
Broker: NinjaTraderBrokerage
Trading: ES
 
Wipeout's Avatar
 
Posts: 39 since Oct 2017
Thanks: 117 given, 18 received

Hey Pley, Yes don't want to change whats working for you, it takes so long to figure out and test new concepts. prop traders are profitable in three months so will see what happens with me in three months.

Reply With Quote
 
(login for full post details)
  #48 (permalink)
 Tymbeline 
Leeds UK
 
Experience: Intermediate
Platform: TradingView
Broker: LCG, Oanda
Trading: ES, 6E, Cable
 
Tymbeline's Avatar
 
Posts: 474 since Apr 2015
Thanks: 1,254 given, 656 received


Pley View Post
For stronger up trend like last week. Another trend following indicator will work better.


Not having an indicator at all can also work pretty effectively, in a trend as strong as that.



Wipeout View Post
prop traders are profitable in three months


Most prop traders aren't profitable within 3 months, and not within 30 months, either. There's a huge turnover of participants, with the great majority losing money.

Reply With Quote
The following user says Thank You to Tymbeline for this post:
 
(login for full post details)
  #49 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,450 since Jan 2013
Thanks: 48,912 given, 21,581 received


Tymbeline View Post
Not having an indicator at all can also work pretty effectively, in a trend as strong as that.

...

Most prop traders aren't profitable within 3 months, and not within 30 months, either. There's a huge turnover of participants, with the great majority losing money.


mattz View Post
For me indicators are always a small part of a larger set up and not a trigger for trading. Rather than having fixed targets on indicators, traders should understand the context and volatility. But again, I don't know this specific one.

Matt Z

I just saw the activity on this old thread and wanted to take a look at what's happening on it now.

First, I agree with @Tymbeline that most prop traders, like most traders of any sort, eventually lose money. I also agree that you can make money without indicators.

Second, I absolutely agree with Matt's response that it's not going to be the indicators (or any other technique) that make the difference, by themselves.

With that said, I did buy Barry's indicators some time ago, for Trade Station and then for NT. (This was before his more recent consolidation of many timeframes into one view, with subscription pricing.) I thought, and think, that they are very good at what they are meant to do, and if you look at the market in the terms that he uses, I expect that they would prove very useful.

I do think that his use of the John Ehlers cycle concepts, and his extension of them to create a support/resistance indicator, is brilliant. The other ideas are well-designed and well-implemented also. I am glad that I became familiar with them.

But I never really used them in live trading. Not that there is anything wrong with them, it's just that a tool has to fit the user. Somehow, they were not my cup of tea. This may sound vague, and it is, but it addresses something that people looking for a solution may not have had the experience of yet: you need to have a basic idea of what the market is doing, and why, and then your technical tools need to help you in seeing the opportunities that are there, given how you look at what is happening. If they don't illuminate what is going on, for you, they aren't going to help you. And that basic view of the market is very individual.

This means that you can't get an indicator, or set of them, and mechanically apply them and expect them to work. The same can be said for any technique or method.

I still subscribe to Barry's emails, and get one from time to time. Years ago he used to send out an email every day, and after giving his overview of the day's action, he would play a recording he had made during the day as he was trading. I am convinced he was genuine, and that he was doing the live trading that he said he was. (Yes, I know that anything can be faked, but I don't think so. He was not always successful, and it had the feel of real trading, with its mistakes, second thoughts, and all the rest that goes on in real life.)

So I do think he is legit in what he is offering. Will it make you any money? Well, I don't know. (Which applies to any and every other person who offers any trading help.)

But if you haven't tried his stuff, and if it looks interesting to you, it may be worth giving it a try. Take this as a qualified endorsement. Just don't expect any indicator or method to do the main job for you. But do take what it gives you, if it proves helpful.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 8 users say Thank You to bobwest for this post:
 
(login for full post details)
  #50 (permalink)
 Wipeout 
Springfield, Missuouri
 
Experience: None
Platform: Sierra, Ninja
Broker: NinjaTraderBrokerage
Trading: ES
 
Wipeout's Avatar
 
Posts: 39 since Oct 2017
Thanks: 117 given, 18 received


Tymbeline View Post
Not having an indicator at all can also work pretty effectively, in a trend as strong as that.





Most prop traders aren't profitable within 3 months, and not within 30 months, either. There's a huge turnover of participants, with the great majority losing money.

I have never thought of prop trading as a career, but it did cross my mind a few times if I could get the right training and could perform well. I want to take the Jigsaw Institutional course I Think it would be a big eye opener, after watching Peters webinars looks like good knowledge, I need to ask who has been through it. Tymbeline What do you Know about it. any info would be greatly appreciated. by the way, you could probably tell I know nothing about this subject the quote of the 3 month's profitability came from a jigsaw video and my quote is a little out of context. just to be clear.

Reply With Quote
The following user says Thank You to Wipeout for this post:
 
(login for full post details)
  #51 (permalink)
 Wipeout 
Springfield, Missuouri
 
Experience: None
Platform: Sierra, Ninja
Broker: NinjaTraderBrokerage
Trading: ES
 
Wipeout's Avatar
 
Posts: 39 since Oct 2017
Thanks: 117 given, 18 received

Sorry went off subject I’ll move the prop talk to a more appropriate thread.
I am working on trying the better indicators for a month. Thanks everyone.
Wipeout

Reply With Quote
 
(login for full post details)
  #52 (permalink)
 Pley 
Chantilly, VA 20152
 
Experience: Beginner
Platform: Tradestation
Trading: emini
 
Posts: 12 since May 2016
Thanks: 1 given, 16 received

Agreed with you guys comments.

Changing trading with new indicators does take time to get used to.
Barry method happens to co-inside the way I trade (get 4 points and out on ES etc, support and resistance etc). The main reason I tried it.

Yes, watch all his videos a few times and see it fits you. His indicators were supporting his way of trading, so you have to be his style to have a good result in general.

Yes, it will take a lot of exploration, time and money to find your style. I have been trading ES on paper for 16 months to solidified my style, still early to test it for real.

Still searching a way or is there a way to better understand the market structure and market profile. Any input on that? What process you do to gain in that area?

Reply With Quote
The following 3 users say Thank You to Pley for this post:
 
(login for full post details)
  #53 (permalink)
 Pley 
Chantilly, VA 20152
 
Experience: Beginner
Platform: Tradestation
Trading: emini
 
Posts: 12 since May 2016
Thanks: 1 given, 16 received


Wipeout View Post
I’ll move the prop talk to a more appropriate thread.
I am working on trying the better indicators for a month. Thanks, everyone.
Wipeout

I will be interesting to hear your experience

Reply With Quote
 
(login for full post details)
  #54 (permalink)
 Wipeout 
Springfield, Missuouri
 
Experience: None
Platform: Sierra, Ninja
Broker: NinjaTraderBrokerage
Trading: ES
 
Wipeout's Avatar
 
Posts: 39 since Oct 2017
Thanks: 117 given, 18 received


Pley View Post
I will be interesting to hear your experience

Jigsaw has a free video series 12 videos sent to your e-mail I think one a day, most of them are short and gives you a chance to look at what they offer for tools it's nice and friendly but still a sales pitch, interesting program I am thinking on it here's the link. https://www.jigsawtrading.com/

Reply With Quote
The following user says Thank You to Wipeout for this post:
 
(login for full post details)
  #55 (permalink)
 Pley 
Chantilly, VA 20152
 
Experience: Beginner
Platform: Tradestation
Trading: emini
 
Posts: 12 since May 2016
Thanks: 1 given, 16 received

After eight months of on and off using the indicators. I am going to report my experience and opinion. It turns out the consensus of this thread is about right. The indicators do have value, but you need more.

I still hang around Emin Watch material which they are good, but not currently leasing the indicator at $100 a month. I definitely would buy it with a one-time fee. But renting it long term is not an investment for me.

The indicators are useful for seeing and get to know the Emini market actions. But not necessarily make you money since indicator is not an exact science as most season traders already know. As other said, it is part of the winning combination or the just journey to get there.

Currently, the one I use - Sinewave indicator but not the Better Sinewave. Turn out after I dug deeper, the Sinewave indicator is out there on the internet and was created by a Rocket Scientist John Ehlers. That is what Emini Watch sinewave indicator work was based on and with additional work around the signal processing way to analysis Price Chart (signal waveform). Google it would help understand how it works. There are a few books by John Ehlers at Amazon and the TradeStation code of the Sinewave. It is free on the internet along with another one called iTrend are my current favorites in my trading tools.

Emini Watch indicators are Sine, Momentum, Volume, None of them are the holy grail, but they can help with practice for some people with similar goal and objective. Many time, it is too much information and sometimes contradiction if you used them all. Have you second guess the price chart during the trading session. So it opens my eyes. Eventually, a trader needs to develop his own trusted system after using many others like Emini Watch indicators is my current assessment.

Reply With Quote
The following 6 users say Thank You to Pley for this post:
 
(login for full post details)
  #56 (permalink)
 Stevea94 
Newbury, UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader, Kinetick
Trading: NQ, CL, 6E
 
Posts: 78 since Oct 2015
Thanks: 1 given, 146 received

I've released a few of my indicators and was asked a question relating to one of them and referred the person to the Emini-Watch website (I'm not connected in any way). In doing so, I re-read (and re-viewed) some of his material and was reminded of how useful I found it some years ago when I started down this road.

I don't use Barry's stuff, but I have and I think his concepts are really good. They are not the holy grail of course and he doesn't promise that, nor does he promise that trading is easy.

What his site does do however, is provide one of the broadest and yet most detailed overviews of the art and science of his trading style, covering technical and non-technical issues, with lots of detail as to the why's and wherefores. I particularly found this page Manifesto useful as a central hub and I've done every sub-link multiple times.

Re-reading his article on point #2 today just reminded me how insightful and well thought out his methods are, so I just thought I'd share the link here for any new traders out there, rather than posting it on my other threads.

Good luck.

Reply With Quote
The following 3 users say Thank You to Stevea94 for this post:
 
(login for full post details)
  #57 (permalink)
 pnguyen720 
Los Angeles
 
Experience: Beginner
Platform: NinjaTrader
Trading: NQ CL GC
 
Posts: 50 since Jan 2017
Thanks: 11 given, 16 received

Hey fellas -

Thinking about that Better Pro Am indicator but had a question about using them in an automated strategy in Ninjatrader. I heard somewhere that they're DLLs so you can't see the source code. Is that true?
If yes, do the indicators already have a way to integrate to an automated strategy (i.e. exposed public series)?
I wrote Barry and didn't get a response so maybe someone who's tried them can respond.

Thanks!

Reply With Quote
 
(login for full post details)
  #58 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,450 since Jan 2013
Thanks: 48,912 given, 21,581 received


pnguyen720 View Post
Hey fellas -

Thinking about that Better Pro Am indicator but had a question about using them in an automated strategy in Ninjatrader. I heard somewhere that they're DLLs so you can't see the source code. Is that true?
If yes, do the indicators already have a way to integrate to an automated strategy (i.e. exposed public series)?
I wrote Barry and didn't get a response so maybe someone who's tried them can respond.

Thanks!

Correct. They are dll's.

It's been a very long time since I used them, but I recall that when I got them, the email had some sort of directions about how to reference them in an indicator, which should apply to a strategy as well. (This is not the most current, leased version. I only used the earlier one where you just bought them. So this may not still be the case.)

Take a look at what Barry sent you and see if there is anything there about this.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
(login for full post details)
  #59 (permalink)
Raccoon
New York City, New York / US
 
 
Posts: 11 since Jan 2020
Thanks: 8 given, 1 received

Question to anyone who uses Barry's indicators... I'm seeing major discrepancy in how his charts plot the Better ProAm compared to mine. I'm using the older version on NT/ES. While I am on NT Continuum unfiltered data (Barry uses TradeStation), I've had similar issue in the past utilizing TradeStation as well. I'm pointing this out as a possibility of the data feed being at fault... not sure if it is but then I am perplexed as to what else could be causing such difference...

Barry's recent post with Professional / Amateur activity on top and mine below for the same span of price action. See how my "pros" are all over the place?

Any ideas what's going on here?? Would really appreciate your input...


Reply With Quote
 
(login for full post details)
  #60 (permalink)
 wcalem 
Georgetown, Texas United State
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES, 6E
 
wcalem's Avatar
 
Posts: 20 since Oct 2010
Thanks: 20 given, 14 received

You say you are using the older version, so does that mean your chart is just a 500 tick bar chart? I ask because with Barry's latest version he uses multiple time frames on one chart. So, his chart that you posted is showing the bars based on the 500 tick bar chart but the ProAm bars are based on the 4500 tick bar chart. I hope that makes sense. There are many videos about this on his site.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to wcalem for this post:
 
(login for full post details)
  #61 (permalink)
Raccoon
New York City, New York / US
 
 
Posts: 11 since Jan 2020
Thanks: 8 given, 1 received


wcalem View Post
You say you are using the older version, so does that mean your chart is just a 500 tick bar chart? I ask because with Barry's latest version he uses multiple time frames on one chart. So, his chart that you posted is showing the bars based on the 500 tick bar chart but the ProAm bars are based on the 4500 tick bar chart. I hope that makes sense. There are many videos about this on his site.

...ooooooohhhhhh.... Yes, mine is 500 ticks for bars AND ProAm... So his is 500 tick bars with 4500 ProAm.... That's a light bulb moment... Thank you so much. I do know he's now combining charts but somehow this little piece I did not connect

Reply With Quote
 
(login for full post details)
  #62 (permalink)
 owenbscott 
Los Angeles CA
 
Experience: Beginner
Platform: TradeStation
Broker: TradeStation
Trading: ES
 
Posts: 4 since Nov 2011
Thanks: 4 given, 11 received

I'll first respond to the most recent couple of posts ,and then more generally to the Better Indicators discussion.

Yes, it will not work to apply the "old" indicators to your chart and compare them with what Barry is showing on his charts in his current videos, because they are quite different indicators. A couple of years ago he switched his indicator product line to a subscription model, and also wrote new code that essentially combined all of things he used to do with multiple timeframes on different charts to one, where all timeframes are on a single chart. I also believe he changed some of the underlying logic as well.

However, what he is doing with this new platform, in my opinion, is that he has made an effort to take a step closer to "systemization" of the use of the indicators using his particular style of trading, which can only become evident by watching a small handful of certain videos he has made over the years where he explains the basis for his trading decisions. I have watched hundreds of his videos over the years, and there are only a few where he comes close to articulating a systematic way of using the indicators. In another post I will go back and search for those specific videos I'm talking about , if they are still around. Meanwhile, here is some history of my experience with the Better Indicators.

I first bought his three indicators as a package in 2011. I was particularly intrigued by the fact that he recorded his trading experience each day, posted insightful commentary while trading, and I also through that the indicators made a lot of sense. Back then he was also quite engaged with his audience. However, unfortunately, I came into futures trading too early with too much money, and despite my best efforts to emulate what Barry was essentially teaching by his daily posts, I blew up my $50,000 account in about nine months. It was a hard lesson - or I should say a hard set of many lessons. My main problem was that first, I was treating Barry's daily videos as "lessons", which they were not. And also I rushed into trading futures after many years of trading stocks without taking it nearly as seriously and methodically as I should have. Anyway - that's a story for another day, I guess. But .. back to the Better Indicators.

I continued to watch Barry's videos even after I couldn't trade anymore - after I got over the emotional loss, that is -- and I found that in agreement with what others have said in this thread, the indicators themselves are not a system, per se, and even if you were to fully absorb the way in which Barry uses those indicators, it still doesn't approach a system. That is to say, you will need to make your own rules around when to make decisions based on these indicators. And this is, of course, is best done through a lot of trial and error. In my case I actually used a live trading account to learn the fundamentals of trading and tried to emulate a style of trading that I had no business trying to emulate. Another thing that I believe that led to my own failure to use these indicators properly was that if you watch Barry actually using the indicators in many of his early videos, you will find that he is also injecting some insight into market behavior that he has in his head through his own experience about the market itself - that the indicators are not specifically indicating or otherwise providing information about. That is, Barry was and remains a discretionary trader through and through, and the thing about discretionary trading is that it is at least partly informed by things that in the head of the discretionary trader, and not in the screen.

This can be seen in glimpses in Barry's videos by listening to some of the things he is muttering about when he agonizes, in the recording, as to whether to exit a trade or not. (I imagine this is more true in the older videos. Frankly, I haven't watched one of his videos for a bit of a while.)

Thus, I believe that these indicators most definitely have value, but supplementary value to your larger trading intelligence and strategy. I think Barry might agree with that.

In a year or so, I hope to be able to return to trading in a more intentional and planned way (I have made some fitful attempts over the years - all resulting in small failures of little consequence.) When I am able to return seriously, I think that the Better Indicators will definitely have a place in my trading tool set, but only after I spend a decent amount of time understanding the way in which they are intended to be used.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to owenbscott for this post:


futures io Trading Community Trading Reviews and Vendors > emini-watch.com


Last Updated on September 13, 2020


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts