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MBOXX ( similar to Weis Wave )/Wyckoff


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MBOXX ( similar to Weis Wave )/Wyckoff

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  #101 (permalink)
 KahunaDog 
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Popsicle View Post
I purchased the grandfather package too and I have been in the room since 2nd February this year. Although the above post is correct, I do think there is a bit more to be said about the trading room.

In the beginning I was also perplexed about the setups that are being taught as a foundation. But as I dug deeper I realized something. Trading is not about using a set of indicators (as most of us hopefully know by this stage). It is mostly about getting over yourself. Your mindset, your pre-conceived ideas etc. What Matt, Mike and the other pros teach in the room is what it takes to become a professional day trader. That is the foundation of the whole apprenticeship. Yes, you read that right, it is an apprenticeship. As in I am going to learn from a master how to develop a certain skill and apply that skill and master it. The basic setup you start off with to learn this skill is just that, basic. But it is done for a very good reason. It teaches you how to read price action, how to read momentum and how to manage risk effectively. Once you master that, you can basically do anything in trading.

Here is the thing that I see over and over in the room though. People cannot get over themselves and just accept the fact that they might have to start again with a very basic way to trade. Without fail they come into the room kicking and screaming and questioning everything. They begrudgingly start the basic setup idea, but every step of the way still fighting it and putting their own biases on it. The people I see that make it are the people who can get over their own ideas of what trading should be and just go with the flow and actually learn to trade. I have not come across another trading room ever that is so interested in making you an independent trader. One that does not need anybody else to trade. Yes I agree, if you look at the ratio of people who have 'made it' in the room it looks relatively small. What people miss though is that they all have one thing in common. They have all gotten over themselves and put trading first, no biases etc.

Once you have this basic setup down and trading it well, there are many options. All the pros in the room trade their own accounts differently. I think this is a testament to the fact that this room is there to teach you a basic way of looking at the market and you can build literally anything on top of that and be successful. Matt covers all the MBox indicators and concepts in the room every day constantly through the day. All you have to do is ask questions and he will happily answer.

You can look at my other posts on this forum. Over the last 4 years or so I have tried many approaches, some almost successful and some a total disaster. I have been in this room for almost three months now and I am happy to say that I have reached consistency already. I pretty much make my nut every day. And this I guess is the end goal, to be a consistent trader that could do this for a living. The only question you have to ask yourself is how far are you willing to go to achieve this. What are you willing to let go of and what are you willing to learn, even though it may seem basic in the beginning.

Just my 2c

^This.

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  #102 (permalink)
Lfx987
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KahunaDog View Post
I have MBOX, I like it. It does what it was designed to do.


Do I trade like Mike the originator?
No.
What people fail to understand is the MBOX is based on Wyckoff/Dow theory. More importantly they fail to understand Wyckoff and indicators.
The indicators do what they're supposed to do. Thumbs up.
People fail to understand the context of the markets, the indicators, Wyckoff, market context, market concepts, self.

If you listen to the room moderator in the youtube video he is a real person who talks like a real person, colorful and like a lot of New Yorkers. Get over the political correctness, bs, etc. What a joke. If you don't like that then don't go. From what I read you can trial the room. No I am not in the room or a member. I simply liked the indicators and had an understanding of them before I bought. They did what I needed so I bought it. 1000usd no big deal. Invest in yourself and education. I knew ahead of time what the indicators did. How to start using it and what to look for. Do not try to buy the indicators to learn to trade. Learn about the markets, then learn what to measure then decide what tools to best use.


All these posts slamming MBox and Mike(S)... you should take responsibility for your own education, accountability and not be so sensitive.
I have a ton of indicators I paid for through the years and I like MBox for it displays what it is supposed to. I use several pieces of it in my normal layout. I use it in conjunction with footprintS, vol profile and dom.


You seem to be confusing a lot of different points:

1 - The room does not utilize mBox. In fact Mike(S) actually tells people to remove all the mBox stuff if they want to make money, he calls that stuff "shit".

2 - You do not need to join the room if you want to learn mBox. The rooms primarily set-up is the pull-back to moving averages. No mBox needed, in fact they don't teach any set-ups off mBox.

Mike(S) only contributes to the room, he is not the owner, that is Matt Bowen. As you said, you have never been o the room let alone heard Mike(S) view on certain topics (people of color) they are frankly abhorrent.

As regards taking responsibility for your own education, well if I signed up to learn accounting because that's what the course implied but the teacher started teaching marketing, would I be happy - No I would not. The room was sold as a means to LEARNING mBox which it clearly was failing to do. That is the point

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  #103 (permalink)
Lfx987
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KahunaDog View Post
^This.

Wrong.

That statement was so full of holes.

A good teacher looks at a students strengths and weaknesses and then determines a course of action. That room teaches one set-up and if you can't get it (because that trading style does not fit your personality) as someone else mentioned, you are ridiculed and berated. The room simply cannot teach another set-up because it does not have one. It's either learn the one set-up or get lost as you are rubbish. Hardly a sign of a good teacher is it?

As you said, you have never been to the room so I hardly think you are qualified to comment on it. Leave the comments on the room to those who have experienced it.

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  #104 (permalink)
 Maydo 
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JonnyBoy View Post
The MBOXX videos and charts are presented to you by Cherry Picked Films Ltd. He never shows losses. He never shows when his indicators perform badly. He just scans for the instruments that worked that particular day for his indicators and marks up a chart. Pretty much rinse and repeat.

I watched one of his videos. It had lots of comments about him trading in SIM on his platform. He refuted and it appears the comment(s) has since been deleted.

It is easy to make a video of you trading profitably. If you made tons of money, post it. If you lost a ton of money, don't post it.

There is a reason why he doesn't give a free trial. It is up to the potential purchaser as to the reason why.



You may be right about that, but his indicators are actually really good..at leas for my trading system

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  #105 (permalink)
 KahunaDog 
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Lfx987 View Post
Wrong.

That statement was so full of holes.

A good teacher looks at a students strengths and weaknesses and then determines a course of action. That room teaches one set-up and if you can't get it (because that trading style does not fit your personality) as someone else mentioned, you are ridiculed and berated. The room simply cannot teach another set-up because it does not have one. It's either learn the one set-up or get lost as you are rubbish. Hardly a sign of a good teacher is it?

As you said, you have never been to the room so I hardly think you are qualified to comment on it. Leave the comments on the room to those who have experienced it.

You have 17posts, +10 are on bashing the room.

Have you watched the free youtube videos with the designer? He repeatedly shows over dozens of videos to build a frame work. How many x have you written notes on the videos? How many x have you tried to build trading plans for yourself and the day through the designers frame work integrating Wyckoff and the indicators? How many times have you read Wyckoff ?

You don't know what you don't know

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  #106 (permalink)
 JonnyBoy 
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Maydo View Post
You may be right about that, but his indicators are actually really good..at leas for my trading system

Fair enough. I am glad they work for you.

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  #107 (permalink)
Lfx987
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KahunaDog View Post
You have 17posts, +10 are on bashing the room.

Have you watched the free youtube videos with the designer? He repeatedly shows over dozens of videos to build a frame work. How many x have you written notes on the videos? How many x have you tried to build trading plans for yourself and the day through the designers frame work integrating Wyckoff and the indicators? How many times have you read Wyckoff ?

You don't know what you don't know

I have not bashed the room - I haves said they do not teach mBox which is fact.

I have said they teach only one basic set-up and they have no others basic set-ups to each - that is fact.

I have been in the room - that is fact.

You have not - that is also fact.

The videos is not what people paid for when they joined the room - in fact, about until maybe last year, the videos were non existent (I joined 2018)

And when did I bash the indicaor? My whole point is that the room does not teach the indicators or Wyckoff - that is the point which you seem to be so getting confused over. yet that is what people pay money on the understanding they will be learning (ie. people taking personally responsibility to learn).

You don't know if you are defending the room or the indicator, or both. You certainly have zero right to defend the room considering you have never been in there (your own words). So please tell me who is better qualified to talk about the room? You or I?

With regards the mBox indicator, what I said was that it could be created freely on Sierra for that is also fact.

You talk about people taking responsibility for their education yet when they do but the education was not what was advertised, you seem to think its still the vendor is not to be blamed.

My lack of post does not mean my posting have no relevance especially as they come from direct knowledge about the matter.

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  #108 (permalink)
 KahunaDog 
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Lfx987 View Post
Hello all,

I purchased the Grandfather package in 2018.

...

I felt "cheated" with the grand-father package.

^Fact.

I plainly said I did not join the room.

You said complaints about the indicators and room.
You fail to take responsibility. Blame other people. You do not want to trade how they trade in the room. You want to trade how you trade. You blame the teacher, the teaching style and everything else.

You have 10+ posts against this room of a total 23 or so posts.

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  #109 (permalink)
 KahunaDog 
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Cross thread
Jigsaw Trading View Post
I understand this need - but are you 100% sure you want a mentor? What if the mentor asks you to do stuff you don't really want to do:

- Be 100% responsible for your trading decisions & your trading plan
- Cut down your trading time so you have more time to go over videos of every trade you make at the end of every day
- Write to your trade journal after every trade
- Stick rigidly to your plan and make no off plan trades (people find this really tough)
- Keep an eye on the news, the volatility, the pace of the market - use that to decide whether to trade or not
- Not trade on some days
- Throw a lot of your beliefs about trading away
- Have 100% faith in your mentor and follow his instructions to the letter

I'm not saying any of these are things you specifically...

In my experience. A lot of people looking for a mentor are looking for setups. They are looking for a shortcut. They are looking for less work. It's normal for traders to underestimate the amount of work involved to improve and when the shortcut initially looks like a lot of extra work - they bail.


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  #110 (permalink)
Lfx987
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KahunaDog View Post
^Fact.

I plainly said I did not join the room.

You said complaints about the indicators and room.
You fail to take responsibility. Blame other people. You do not want to trade how they trade in the room. You want to trade how you trade. You blame the teacher, the teaching style and everything else.

You have 10+ posts against this room of a total 23 or so posts.

Wrong again.

The grand father package was sold with the implication that it would teach mBox. It clearly was not doing this. So yes I feel cheated.

I signed up to learn a very particular aspect only then to be taught something else. This is called mis-representation. Not sure what you are finding so hard to understand.

Let me ask you a question. If you signed up to learn how to trade via the Dom based on a particular advertising, yet the teacher started teaching moving average set-ups, how would you feel? Are you saying you are wrong for wanting to learn Dom or is the teacher wrong for teaching what you signed up for? It's really is that simple.

For someone who claims he has never been in to the room or knows anything about it, you sure are wasting an awful lot of time defending it. Why?

And for your information, my claims have been validated by others who fell for the blatant mis-representation.

Oh and if you read carefully, I have written that what they teach works wonderfully for some, it just wasn't what I wanted as I already had that and was looking to add something else to my knowledge base.

So again, why such a defence of something you have zero experience of knowledge of?

So what if I have 10 posts out of 24 - I am sharing what I have experience of (which others have also backed up) whereas you are defending that which you have zero experince of. So who should people believe, you with zero knoweldge in this matter or those who have experience in this matter?

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  #111 (permalink)
 KahunaDog 
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Lfx987 View Post
Wrong again.

The grand father package was sold with the implication that it would teach mBox. It clearly was not doing this. So yes I feel cheated.

I signed up to learn a very particular aspect only then to be taught something else. This is called mis-representation. Not sure what you are finding so hard to understand.

Let me ask you a question. If you signed up to learn how to trade via the Dom based on a particular advertising, yet the teacher started teaching moving average set-ups, how would you feel? Are you saying you are wrong for wanting to learn Dom or is the teacher wrong for teaching what you signed up for? It's really is that simple.

For someone who claims he has never been in to the room or knows anything about it, you sure are wasting an awful lot of time defending it. Why?

And for your information, my claims have been validated by others who fell for the blatant mis-representation.

Oh and if you read carefully, I have written that what they teach works wonderfully for some, it just wasn't what I wanted as I already had that and was looking to add something else to my knowledge base.

So again, why such a defence of something you have zero experience of knowledge of?

So what if I have 10 posts out of 24 - I am sharing what I have experience of (which others have also backed up) whereas you are defending that which you have zero experince of. So who should people believe, you with zero knoweldge in this matter or those who have experience in this matter?


For those readers unaware...


The grandfather package is the set of indicators. That is what Lfx87 felt cheated on. That is bashing the indicators.
So who is confused?

Re-"The grand father package was sold with the implication that it would teach mBox. It clearly was not doing this. So yes I feel cheated."

Readers the mbox site has an easy accessible page that advises 7 steps - follow his social media, study his youtube, read indicator descriptions, about the reason why the algos print, do homework, read strategy articles and others.
How is that not teaching, the markets?


The room is/was a seperate item.
I clearly said I was not in the room but had watched videos of it.
Did you? I clearly hear MikeS being very colorful in the free youtube videos of the room.

I paid for the indicators.
I am happy with the indicators. I am happy with the support I got and emails from the designer. I am happy with the regular videos of him posting regularly in his analysis using the Wyckoff principles he clearly has laid out in writing and in the 3 dozen plus videos.
He has 7 steps listed after purchase to learn mbox. You can even read those freely without purchse.
Pages of detail explaining each indicator.
You do not need to Buy mboxwave before studying the material he freely posts. From subscribing to his social media, following his videos, doing homework, following Wyckoff principals he presents and others. The videos also clearly showed what he tracked as he goes through his thought process looking at price, volume, imbalances, waves, pace, etc.
So how does the grandfathers not teach?

Re- "if you read carefully..."
You're complaining I didn't read carefully yet you did not carefully read
grandfathers package is the indicators (which you say you felt cheated on) not a combination of indicators and room.


You also failed to read/comprehend the room was available on a guest pass. Then you complain about that as well. He clearly wrote on the site the room is available on a guest pass. This is one example of not taking ownership of your actions.

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  #112 (permalink)
Lfx987
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KahunaDog View Post
For those readers unaware...


The grandfather package is the set of indicators. That is what Lfx87 felt cheated on. That is bashing the indicators.
So who is confused?

Re-"The grand father package was sold with the implication that it would teach mBox. It clearly was not doing this. So yes I feel cheated."

Readers the mbox site has an easy accessible page that advises 7 steps - follow his social media, study his youtube, read indicator descriptions, about the reason why the algos print, do homework, read strategy articles and others.
How is that not teaching, the markets?


The room is/was a seperate item.
I clearly said I was not in the room but had watched videos of it.
Did you? I clearly hear MikeS being very colorful in the free youtube videos of the room.

I paid for the indicators.
I am happy with the indicators. I am happy with the support I got and emails from the designer. I am happy with the regular videos of him posting regularly in his analysis using the Wyckoff principles he clearly has laid out in writing and in the 3 dozen plus videos.
He has 7 steps listed after purchase to learn mbox. You can even read those freely without purchse.
Pages of detail explaining each indicator.
You do not need to Buy mboxwave before studying the material he freely posts. From subscribing to his social media, following his videos, doing homework, following Wyckoff principals he presents and others. The videos also clearly showed what he tracked as he goes through his thought process looking at price, volume, imbalances, waves, pace, etc.
So how does the grandfathers not teach?

Re- "if you read carefully..."
You're complaining I didn't read carefully yet you did not carefully read
grandfathers package is the indicators (which you say you felt cheated on) not a combination of indicators and room.


You also failed to read/comprehend the room was available on a guest pass. Then you complain about that as well. He clearly wrote on the site the room is available on a guest pass. This is one example of not taking ownership of your actions.


Wrong again.

The grandfather indicators includes the room at the time when it was offered in 2018.

It was only after the furor (on this platform) where it was indicated that the room did not even use them, and once of the co-host told everyone, "take that shit off", that it appears as if mBox Mike has removed the access to the room as part of the package. The grandfather package included the extra amount to join the room at the time. Feel free to ask anyone who joined at the time.

Below is an image from the email received when I joined in 2018. As can be clearly seen, the grandfather package a the time included access to the room.

Again, the 7 step training program only became available a few months ago when the situation with regards t lack of training (including in the room) was highlighted on this forum. Up until then, that page didn't even exist.

Watching a video of the room gives you the full picture does it? That is laughable - the only videos of the room put out (I have seen them too) have been highly selective compared to what happens in the room; It's like watching a clip of a pilot and saying you now qualified to make calls on everything about the plane.

Those videos you are so happy with, you should be thanking me and others on here who highlighted the lack of education which resulted in mBox mike Making the videos. Up until then, any education from mBox Mike was sparse. It's only thanks to this forum and to people who were not afraid to lay out their honest opinions that you are now benefiting from the changes implemented by mbox Mike.

Go and have a look at the Youtube list of all the videos mBox Mike posted is there. Look at the dates. You will clearly see it was only AFTER these complaints that he started posting more of them. In fact, when I joined, he had only 5 videos up and none of them were training videos - go check for yourself.

"Free guest pass" - again, you are assuming this was available in 2018 (it was not).

I suggest you take a step back and acknowledge that all that exists now (which you seem so happy at) is a result of the complaints made on forums such as this.

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  #113 (permalink)
 sienna 
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LFX987,
You are 100% correct and thank you for summarizing the time lines accurately. That was my experience also, as someone who had bought Mboxx Indies PLUS Mboxx Training, late last year.
I too consider the 'offer' to have been misleading (at the time it was made). The intricacies of the NOBS trade room have been aired by others, so I won't add to that.
regards

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  #114 (permalink)
 Maydo 
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I really think his videos that he is posting are extremely misleading! There is a lot of people that think one magic indicator will make you rich and that's what is looks like based on his videos! Really easy and no losing trades! However, if you know how to trade you know that is not the case! I personally don't care about his videos and how he trades, but I personally love his indicators. I work really well with my style and it's actually really improved my trading. But I implement these indicators to my style. Also, I do understand all of the them and know what they are telling me! But for sure his probably targeting unexpirisce people to buy his indicators based on those videos!

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  #115 (permalink)
 KahunaDog 
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Lfx987 View Post

Go and have a look at the Youtube list of all the videos mBox Mike posted is there. Look at the dates. You will clearly see it was only AFTER these complaints that he started posting more of them. In fact, when I joined, he had only 5 videos up and none of them were training videos - go check for yourself.

First video jun 2017...

This training video is August 2018

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  #116 (permalink)
Lfx987
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KahunaDog View Post
First video jun 2017...

This training video is August 2018


And the rest, what is the dates of all the others? After Sept 2019 right? ? So one video was sufficient training and all that was ever needed right?

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  #117 (permalink)
 KahunaDog 
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Lfx987 View Post
And the rest, what is the dates of all the others? After Sept 2019 right? ? So one video was sufficient training and all that was ever needed right?

Yes.
1 training video is enough.
It's clear you do not understand the video or Wyckoff or volume.

You will keep being angry and anything anyone says will not change it. Have a nice life.

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  #118 (permalink)
Lfx987
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KahunaDog View Post
Yes.
1 training video is enough.
It's clear you do not understand the video or Wyckoff or volume.

You will keep being angry and anything anyone says will not change it. Have a nice life.


If one training video was enough, why the need to sell the room as well?

If one video was enough, why the need to now produce so many others? Why not just point to the one absolutely brilliant video that explains it all?

Wyckoff isn't the be all and end all - Wyckoff didn't even mention delta which is what mBox Mike now concentrated on, he doesn't even look at volume in his new videos. So please excuse the "one video tells you all you need to know rubbish"

Your vociferous defense of the room (despite never been there) and of a software, the ability of which can be re-created on many platforms (albeit not as neatly presented) really does make me wonder who you really are and what your association with the vendor is? The fact that you had t go through every post I have written on this platform and work out what I said etc, tells me you have deep vested interest with the vendor.

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  #119 (permalink)
 KahunaDog 
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Lfx987 View Post

Wyckoff isn't the be all and end all - Wyckoff didn't even mention delta which is what mBox Mike now concentrated on, he doesn't even look at volume in his new videos. So please excuse the "one video tells you all you need to know rubbish"

Your multiple posts clearly show lack of Wyckoff understanding. Considering you've been studying it for 2 years, maybe trading isn't for you.

The one video showed plenty. Plenty to build a system on and become profitable. You just want to keep blaming Mbox for conning you. Blame. Blame. Blame.

What other indicator package from the designer updates with regular videos to supplement the original training video? (There may be a couple buy 98% will not). There are now 40videos. He shows his thought process and reviews his trades.



You are a problem consumer, a customer who would complain at anything.

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  #120 (permalink)
Lfx987
London
 
 
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KahunaDog View Post
For those readers unaware...


The grandfather package is the set of indicators. That is what Lfx87 felt cheated on. That is bashing the indicators.
So who is confused?

Re-"The grand father package was sold with the implication that it would teach mBox. It clearly was not doing this. So yes I feel cheated."

Readers the mbox site has an easy accessible page that advises 7 steps - follow his social media, study his youtube, read indicator descriptions, about the reason why the algos print, do homework, read strategy articles and others.
How is that not teaching, the markets?


The room is/was a seperate item.
I clearly said I was not in the room but had watched videos of it.
Did you? I clearly hear MikeS being very colorful in the free youtube videos of the room.

I paid for the indicators.
I am happy with the indicators. I am happy with the support I got and emails from the designer. I am happy with the regular videos of him posting regularly in his analysis using the Wyckoff principles he clearly has laid out in writing and in the 3 dozen plus videos.
He has 7 steps listed after purchase to learn mbox. You can even read those freely without purchse.
Pages of detail explaining each indicator.
You do not need to Buy mboxwave before studying the material he freely posts. From subscribing to his social media, following his videos, doing homework, following Wyckoff principals he presents and others. The videos also clearly showed what he tracked as he goes through his thought process looking at price, volume, imbalances, waves, pace, etc.
So how does the grandfathers not teach?

Re- "if you read carefully..."
You're complaining I didn't read carefully yet you did not carefully read
grandfathers package is the indicators (which you say you felt cheated on) not a combination of indicators and room.


You also failed to read/comprehend the room was available on a guest pass. Then you complain about that as well. He clearly wrote on the site the room is available on a guest pass. This is one example of not taking ownership of your actions.

Please stop - you are clearly linked to the mBox service as evidence of constantly trying to berate me.

Look at what I wrote. I clearly said the indicator was useful but that it could be created on Sierra charts so you didn't have to pay for it however I did say the indicator looked cleaner than what was available. You clearly missed this.

With regards Wyckoff, he used volume and on cleally larger time frames. As evidence by the videos, mBox doesn't even use volume any more but an off shoot Delta which is read diffwrently so clearly the one video fron 2018 doesm't even make sense in the current context of what is being provided and how it is being used.

All the 40 videos has been a direct result of the complaints on forums like these, yet you give no credit to those who instigated Mike in to making the videos.

You make it aound like Wychoff is the be all and end all, clearly it is not yet you want to promote it like it is which is nonsense.

Ad hominum attacks on me, thank you. Shoes me I am getting to you with logic and you have nothing left.

MikeS colorful language, outright racism maybr colorful in your book but it certainly is not in mine. As you said, you have never been in the room and had to listen to such filth so don't try and cover it up for what it is. Pure filth and vile.

I give honest opinions, good and bad. The fact you could simply have said the indicators worked for you and left it (you have provided zero proof they do). But fact you are defending the entire operation with so much energy and personal attacks can only lead me to, as well as others who are logical, in to concluding you have a vested financial interest in the mBox operation.

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  #121 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
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Lfx987 View Post

MikeS colorful language, outright racism maybr colorful in your book but it certainly is not in mine. As you said, you have never been in the room and had to listen to such filth so don't try and cover it up for what it is. Pure filth and vile.

Do you have any evidence of MikeS allegedly being racist? Is this the MBOX vendor or the owner of the trading room (that has nothing to do with MBOX) you are referring too?

I understand another user alleged he had concerns the operator of the trading room was belittling non English speakers, but as a public forum and community we need to be careful about making accusations like this. It is a very strong allegation that could have implications beyond this forum.

I am playing devils advocate here. This thread has certainly got pretty heated recently!

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  #122 (permalink)
Lfx987
London
 
 
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JonnyBoy View Post
Do you have any evidence of MikeS allegedly being racist? Is this the MBOX vendor or the owner of the trading room (that has nothing to do with MBOX) you are referring too?

I understand another user alleged he had concerns the operator of the trading room was belittling non English speakers, but as a public forum and community we need to be careful about making accusations like this. It is a very strong allegation that could have implications beyond this forum.

I am playing devils advocate here. This thread has certainly got pretty heated recently!

I should have made clear, it is NOT mBox Mike. MikeS is someone who helps out in the room in an un-offcial capacity so much so that he is defacto, part of the workings of the room.

No, I did not record anything as MikeS goes on one of his rants without warning but then again, i didn't have a reason to recotd it as I never had any ulterior motives like wanting to expose the room or anything. I just ended up leaving and this was one of the reasons as it just wound me up to the point of anger at such a backwards attitute.

In all fairness, you could sense the owner Matt Bowen cringing at times and would try and move the conversations on but then it's up to him to control the content of the room.

Once again, my apologies if I did not make clear that this is NOT mBox Mike.

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  #123 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
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Maydo View Post
Do you guys know that Mbox can be purchased for $50! NOT FROM ME!!! I am just a messenger

I am not sure what this even means. Are you expecting people to PM you so you can refer them to somebody selling a cracked version of the software?

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  #124 (permalink)
 Maydo 
New York
 
Experience: Intermediate
Platform: NinjaTrader
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Posts: 23 since Oct 2019


JonnyBoy View Post
I am not sure what this even means. Are you expecting people to PM you so you can refer them to somebody selling a cracked version of the software?

I actually don't so I just delete it.. but if you surf the web you can fine people selling his stuff..that's all

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  #125 (permalink)
 chipps1983 
Dover+NJ/US
 
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No Need to waste money if you can figure out things in SC. No indicator or a system will make you a successful trader.

They are merely a tool to summerize the market data and trade with it.

Mbox did got my attention a few months back from youtube. Yes, Mr. Mike only shows profitable trades. I even tried their Trial of trading room to understand MBOX tools and trading room is completely different and run by a different person.

I asked Mike (MBOX) if he can give a trial to assess the tools and he said there are no trials. I did not reach out to him any further.

I was able to mimic Mbox style chart by using SC indicators and also a free indicator shared to color the bars consecutively. I do not use 100% of his concepts but I do watch price action swings. Delta, Cumulative Delta and order flow to my trading.


Mbox style


Mbox style coloring bars


I got this one free from below SC custom study builder. His reference was from SC Custom builders list. They are free.
https://forum.obchodni-indikatory.cz/

Mbox style ZZ Cumulative Volume

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  #126 (permalink)
 KahunaDog 
Hawaii at the beach
 
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chipps1983 View Post
No Need to waste money if you can figure out things in SC. No indicator or a system will make you a successful trader.

They are merely a tool to summerize the market data and trade with it.

Mbox did got my attention a few months back from youtube. Yes, Mr. Mike only shows profitable trades. I even tried their Trial of trading room to understand MBOX tools and trading room is completely different and run by a different person.

I asked Mike (MBOX) if he can give a trial to assess the tools and he said there are no trials. I did not reach out to him any further.

I was able to mimic Mbox style chart by using SC indicators and also a free indicator shared to color the bars consecutively. I do not use 100% of his concepts but I do watch price action swings. Delta, Cumulative Delta and order flow to my trading.


Mbox style


Mbox style coloring bars


I got this one free from below SC custom study builder. His reference was from SC Custom builders list. They are free.
https://forum.obchodni-indikatory.cz/

Mbox style ZZ Cumulative Volume

Very good. I like how you added the delta to the below chart histogram. It is repetitive, but I like the look.

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  #127 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
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chipps1983 View Post
No Need to waste money if you can figure out things in SC. No indicator or a system will make you a successful trader.

They are merely a tool to summerize the market data and trade with it.

Mbox did got my attention a few months back from youtube. Yes, Mr. Mike only shows profitable trades. I even tried their Trial of trading room to understand MBOX tools and trading room is completely different and run by a different person.

I asked Mike (MBOX) if he can give a trial to assess the tools and he said there are no trials. I did not reach out to him any further.

I was able to mimic Mbox style chart by using SC indicators and also a free indicator shared to color the bars consecutively. I do not use 100% of his concepts but I do watch price action swings. Delta, Cumulative Delta and order flow to my trading.


Mbox style


Mbox style coloring bars


I got this one free from below SC custom study builder. His reference was from SC Custom builders list. They are free.
https://forum.obchodni-indikatory.cz/

Mbox style ZZ Cumulative Volume

Looks nice. Probably one of the reasons he doesn't allow a free trial because of exactly what you have done here. It isn't difficult to replicate.

I am not on SC, but perhaps sharing the template will help other uses? Is that a thing in SC...sharing of chart templates I mean?

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  #128 (permalink)
 chipps1983 
Dover+NJ/US
 
Experience: Intermediate
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Here is the SC template. One has to registered on https://forum.obchodni-indikatory.cz/ (Which is free) to get consecutive color bars indicator. The template is also uploaded in Sierra Chart Downloads / Sierra Chart Studies.

Hope it Helps.

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  #129 (permalink)
 Big Mike 
Site Administrator
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  #130 (permalink)
 Big Mike 
Site Administrator
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Regarding my last post, I want to make it clear that any/all discussion is welcome on futures io. We do not censor you, so long as you are posting facts or sharing your opinions.

That said, we have a zero tolerance policy with violating our rules, which includes piracy.

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  #131 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
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Big Mike View Post
Regarding my last post, I want to make it clear that any/all discussion is welcome on futures io. We do not censor you, so long as you are posting facts or sharing your opinions.

That said, we have a zero tolerance policy with violating our rules, which includes piracy.

Mike

Thanks Mike. I am glad the vendor was on top of it as well.

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  #132 (permalink)
 Tradarr 
Atlanta Ga. USA
 
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I use MBox but have become frustrated with the developer. I have requested several times for an update to add plots/signals for use in NT8 Strategy Builder and the owner insists they are there and they are not. The instructions for using with Market Analyzer and Chart Alerts are vague, I had to figure out on my own using chart data box that the signals are inverted, pull up a chart with Mbox, highlight a bullish pb signal on the chart then look at the chart data box and it shows a -1, a bearish pb shows a 1, I used this method to determine the correct settings for all the signals when using them in Market Analyzer alerts and Chart Alerts, that is not in the software documentation. When it comes to automating Wyckoff strategies in Strategy Builder I now use the updated VPA indicator in the NT8 user share which now has plots/signal availability in Strategy Builder.

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  #133 (permalink)
 Tradarr 
Atlanta Ga. USA
 
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Tradarr View Post
I use MBox but have become frustrated with the developer. I have requested several times for an update to add plots/signals for use in NT8 Strategy Builder and the owner insists they are there and they are not. The instructions for using with Market Analyzer and Chart Alerts are vague, I had to figure out on my own using chart data box that the signals are inverted, pull up a chart with Mbox, highlight a bullish pb signal on the chart then look at the chart data box and it shows a -1, a bearish pb shows a 1, I used this method to determine the correct settings for all the signals when using them in Market Analyzer alerts and Chart Alerts, that is not in the software documentation. When it comes to automating Wyckoff strategies in Strategy Builder I now use the updated VPA indicator in the NT8 user share which now has plots/signal availability in Strategy Builder.

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I was slightly incorrect on the signals documentation, it is there in the developers API guide, but I am not a coder and use Strategy Builder for my automation. I assumed if a freelancer could add plots and selection of plot signals to VPA for SB in a few hours, the same could be done for Mboxwave.


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  #134 (permalink)
 vaibhavkamble 
Parsippany, NJ, USA
 
Experience: Beginner
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Hi @Tradarr, do you mean developers api is available for MBoxWave and same could be used to expose plots for SB? As far as I know, MBoxWave indicators arent open for tweaking through API and only author of this indicator can expose these plots via some planned feature release but I could be wrong.

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  #135 (permalink)
 Tradarr 
Atlanta Ga. USA
 
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vaibhavkamble View Post
Hi @Tradarr, do you mean developers api is available for MBoxWave and same could be used to expose plots for SB? As far as I know, MBoxWave indicators arent open for tweaking through API and only author of this indicator can expose these plots via some planned feature release but I could be wrong.

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You're correct, the instructions are there for developers creating custom strategies not for Strategy Builder. I received a complaint from the developer regarding my posts, he still insists plots are there in SB for selection and any inabilities to use are NinjaTrader support issues?

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  #136 (permalink)
 Tradarr 
Atlanta Ga. USA
 
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Here's the link to his API guide, for those creating strategies using ninjascript.

https://mboxwave.com/ninjatrader-api-guide

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  #137 (permalink)
 Tradarr 
Atlanta Ga. USA
 
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Now it would be really cool if some could combine the Price Action Swing indicator with the VPA indicator for a great free open source application combining Gann and Wyckoff strategies.
Tradarr View Post
Here's the link to his API guide, for those creating strategies using ninjascript.

https://mboxwave.com/ninjatrader-api-guide

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  #138 (permalink)
 warsteiner72 
munich
 
Experience: Advanced
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i cannot recommend mbox mike sokolik. he is a liar and a deceiver. and I can only warn everyone to buy something from him. a few years ago i bought the software from him, and in august 2020 i got coached by his partner jimmy chen. mbox mike has confirmed to me beforehand that I will be refunded if I am not satisfied after the first lesson. jimmy then sent me a video with a lot of blabla and after the first real coaching hour I posted a few losing trades on the private telegram channel. suddenly it was said that I am not coachable and jimmy canceled the lessons with the comment "half the amount will be reimbursed". i then wrote to mbox mike and after some ugly conversation he said he would reimburse me for the missing half. jimmy said he could only reimburse me after a month (funny, he doesn't make money with trading - of course not). A short time later, the two of them deleted the entire telegram conversations, but I took screenshots beforehand, because I had already thought of something like that) ... in the meantime, 0.0 euro was refunded. and, what's even better, mbox mike doesn't answer any more to emails and has simply deactivated my software ... so he stole from me twice, once with the software and once with the coaching. I can only advise everyone to stay away. Here is a chart from today showing the non-working indicators ..

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  #139 (permalink)
 Oriole 
Naples FLA
 
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I agree it would be very helpful if Mike would post losing trades and analysis of why it was a loser and what could have been done differently. His $10K+ win YOU TUBE Videos only tell part of the story.

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  #140 (permalink)
 Tengoku 
Slovakia
 
Experience: Master
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Hes just another useless seller of indicators using stolen methodology. No trial, no refund - that tells everything about honesty and if vendor trully believe his indicators are perfect. I think hes afraid, that after user will try indicators, he ll get a lot of refund request, not even half of trial requests would purchase it after.

Guy who dont understand, that trading isnt about profit but managing, therefore customer (trader) would benefit more from seeing losing trades, than winners!
Even stupid change of platform cost with him, lol... instead of charging for it, he should just sell licence for all platforms.

Dont buy software, which u cant try!!

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  #141 (permalink)
 Tradarr 
Atlanta Ga. USA
 
Experience: Intermediate
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Posts: 91 since Mar 2017
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I'll be content when Mbox adds value plots for his signals in Strategy Builder, his plots are there for color selection but currently no way to select individual plots for values.I suspect at times so one other than the developer is responding to support emails. You should consider going rule based automated trading if discretionary trading isn't good for you.
Tengoku View Post
Hes just another useless seller of indicators using stolen methodology. No trial, no refund - that tells everything about honesty and if vendor trully believe his indicators are perfect. I think hes afraid, that after user will try indicators, he ll get a lot of refund request, not even half of trial requests would purchase it after.

Guy who dont understand, that trading isnt about profit but managing, therefore customer (trader) would benefit more from seeing losing trades, than winners!
Even stupid change of platform cost with him, lol... instead of charging for it, he should just sell licence for all platforms.

Dont buy software, which u cant try!!

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  #142 (permalink)
 Aussielad 
Sydney
 
Experience: Intermediate
Platform: Ninjatrader
 
Posts: 17 since Mar 2010
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warsteiner72 View Post
i cannot recommend mbox mike sokolik. he is a liar and a deceiver. and I can only warn everyone to buy something from him. a few years ago i bought the software from him, and in august 2020 i got coached by his partner jimmy chen. mbox mike has confirmed to me beforehand that I will be refunded if I am not satisfied after the first lesson. jimmy then sent me a video with a lot of blabla and after the first real coaching hour I posted a few losing trades on the private telegram channel. suddenly it was said that I am not coachable and jimmy canceled the lessons with the comment "half the amount will be reimbursed". i then wrote to mbox mike and after some ugly conversation he said he would reimburse me for the missing half. jimmy said he could only reimburse me after a month (funny, he doesn't make money with trading - of course not). A short time later, the two of them deleted the entire telegram conversations, but I took screenshots beforehand, because I had already thought of something like that) ... in the meantime, 0.0 euro was refunded. and, what's even better, mbox mike doesn't answer any more to emails and has simply deactivated my software ... so he stole from me twice, once with the software and once with the coaching. I can only advise everyone to stay away. Here is a chart from today showing the non-working indicators ..

I have been using Mboxwave for over 18 months now and have been very happy with it, no complaints at all. After I bought it I did have some questions regarding certain elements of the package and Mike very quickly and courteously answered all the questions that I had. I have also noticed that when a vendor such as Ninjatrader upgrades their software, Mike upgrades MBox very quickly afterwards. Like any trading system or methodology, Mbox is another tool in a traders arsenal and it does take time to learn, incorporate and test out new tools to see whether they can help with a traders' edge, so one has to have diligence and also patience.

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  #143 (permalink)
 erwinbeckers 
Zoetermeer
 
Experience: Beginner
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Posts: 7 since Aug 2018
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I have this love-hate relationship with mbox wave.
I mean.. I think the indicators look very good. But I think they are way overpriced for what they do.
And what's with this no trial or refunds policy. They really expect me to pay $1k for software I cannot test ??
I know some people did, and all respect to them, but I'm not gonna pay for software I cannot test and/or refund

Luckily I'm a developer myself. So I decided to see if I could re-create the indicators, just for fun.
It took me a while, but I think I got this nailed now!
The hardest one for me was to get the gann swing to work. It's pretty easy to do for historical bars, but the trouble is at the right end of the chart.
The bar which is currently building could be making a new swing hi/lo, but that can change with every tick until the bar has finished.

Another issue was calculating the delta volume per bar (without enabling tick replay).
Really weird that NinjaTrader 8 just does not have this build in. I had to ask NinjaTrader how to do it and luckily they showed some (undocumented) ways to get it


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  #144 (permalink)
Gauer
garopaba + santa catarina
 
 
Posts: 37 since Aug 2019
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You donīt need to pay for this if you have Sierra Chart, you can easily have practically the same setup.

Sierra have a zig zag which displays cumulative volume just like the weis wave, and you can choose it to display delta if you want to.

The regular cumulative delta is actually better than this period based one by mbox. You can easily recreate mbox cumulative delta using the bid and ask difference study and then using the periodic sum study to choose how many bars of the bid and ask difference study to sum.

And you can come up with different ways of plotting the bid and ask to recreate the bid ask pace study, you can use the time and sales study in combination with other studies, but honestly you are already cluttering the chart with information you donīt need to trade VSA effectively, in fact all you need for VSA is price, volume and structure, the rest is your choice of making it more complicated.

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  #145 (permalink)
 iq200 
Surrey, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
 
Posts: 304 since Jun 2010
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warsteiner72 View Post
i cannot recommend mbox mike sokolik. he is a liar and a deceiver. and I can only warn everyone to buy something from him. a few years ago i bought the software from him, and in august 2020 i got coached by his partner jimmy chen. mbox mike has confirmed to me beforehand that I will be refunded if I am not satisfied after the first lesson. jimmy then sent me a video with a lot of blabla and after the first real coaching hour I posted a few losing trades on the private telegram channel. suddenly it was said that I am not coachable and jimmy canceled the lessons with the comment "half the amount will be reimbursed". i then wrote to mbox mike and after some ugly conversation he said he would reimburse me for the missing half. jimmy said he could only reimburse me after a month (funny, he doesn't make money with trading - of course not). A short time later, the two of them deleted the entire telegram conversations, but I took screenshots beforehand, because I had already thought of something like that) ... in the meantime, 0.0 euro was refunded. and, what's even better, mbox mike doesn't answer any more to emails and has simply deactivated my software ... so he stole from me twice, once with the software and once with the coaching. I can only advise everyone to stay away. Here is a chart from today showing the non-working indicators ..

The fact that you claim to have paid for the software and it is no longer working borderlines on FRAUD IMHO. If you paid using paypal or a credit card, you should be able to raise a case and claim your money back.

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  #146 (permalink)
 warsteiner72 
munich
 
Experience: Advanced
Platform: ninjatrader
 
Posts: 27 since Apr 2010
Thanks: 30 given, 6 received


iq200 View Post
The fact that you claim to have paid for the software and it is no longer working borderlines on FRAUD IMHO. If you paid using paypal or a credit card, you should be able to raise a case and claim your money back.

The Problem is, i bought the software years ago. so i cannot take the money back. and for the coaching he or jimmy chen was clever enough to take only wire as payment method... but i really hope,
a lof of people read this and do not make my mistakes. because that saves money and anger

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  #147 (permalink)
 zextra 
Mountain View CA
 
Experience: Beginner
Platform: Sierra Chart
Trading: EUR/USD
 
Posts: 6 since May 2013
Thanks: 2 given, 6 received


warsteiner72 View Post
The Problem is, i bought the software years ago. so i cannot take the money back. and for the coaching he or jimmy chen was clever enough to take only wire as payment method... but i really hope,
a lof of people read this and do not make my mistakes. because that saves money and anger

I don't usually post or write much on this forum. I mostly just read. Someone told me there was an MBoxWave thread so I decided to check it out. I also bought the software a few years ago. Took me a little time to get used to it, but in the end it has helped me greatly with my trading.

Initially I wasn't going to write anything, but thought I would just share my experiences with trading in general. Take it or leave it, doesn't matter to me, but maybe it will be of use to somebody. I don't know why, but it seems like a lot of people on this forum are looking for other people's opinions instead of formulating their own. Trading is very personal, take bits and pieces of knowledge from various places but in the end you need to come up with your own conclusions and your own way of trading.

I struggled greatly for many years in my trading, looking for someone to help me, looking for the right indicators, looking for the right advice. I was looking everywhere except inside myself. I believe that is the biggest issue. When I realized how much psychology has to do with trading and all the emotional baggage I had (greed, fear, fear of losing, fear of missing out), that is when I started to make progress and started clearing that out.

In my searches for the right indicator set or trading method, Order Flow seemed to make the most amount of sense. Buying and Selling is economics and the "balance of powers" so to speak. I remember I got so excited when I found the David's Weis Wave and thought this is it. In reality, it was just the start. Volume gets manipulated by Algos running in the markets all day long and I had a really hard time making sense of it, and my trading was going really bad. I blew up 2 accounts and then decided to sim trade until I become profitable, if that is even possible...

I started looking into Delta indicators, understanding that volume alone did not reveal the entire picture. And started thinking what about a wave delta indicator or something like that. That's when I found MBoxWave. Back then there weren't any videos about it, and Mike wasn't showing live trades. There just really wasn't much information about it. However I am very thankful to Mike for what he has done and in my process of becoming a better trader. The vast amount of knowledge that he has shared is just incredible. Now I paid David Weis and studied with him. What I learned with David is a fraction of what I learned from Mike's videos that are completely free. It is a gold mine of knowledge and experience. He doesn't have to do this and I don't know anyone that is freely sharing their expert knowledge. This is something that just doesn't exist in the trading world. In this sense Mike is an anomaly.

For anybody that thinks they deserve a free ride and like to criticize anything that "doesn't work", I would suggest to dig deeper in yourself and find out what your personal obstacles are. Nobody has to buy anything and nobody has to share anything either. People like David Weis, Gary Dayton, and MBox Mike don't need to share anything at all, and then even get blasted for it. Not how I was brought up or raised. Having options never hurts. Take what is useful for you, discard what is not. But most important folks, make your own conclusions.

Getting to the last point, I'm not sure what issue this guy is having with the software. But I have been using MBoxWave for a few years now and everything is working just as well now as it was a few years ago. And Mike is always quick to respond via email. I've bought a number of trading products in the past and Mike's support is unsurpassed.

Have a nice day Y'all.

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  #148 (permalink)
 warsteiner72 
munich
 
Experience: Advanced
Platform: ninjatrader
 
Posts: 27 since Apr 2010
Thanks: 30 given, 6 received

i dont have a problem with the software, mbox mike deactivate the software, so the software does not work anymore. do you understand????? so, only for you again:

he stole my money twice

a) the software does not work anymore (what is the smallest problem because i really dont need it anymore and it slows ninjatrader from time to time
b) i paid for a coaching, that was ended by him/jimmy chen and did not get any money but also both said they will pay back

for me, this guy is criminal, nothing else




zextra View Post
I don't usually post or write much on this forum. I mostly just read. Someone told me there was an MBoxWave thread so I decided to check it out. I also bought the software a few years ago. Took me a little time to get used to it, but in the end it has helped me greatly with my trading.

Initially I wasn't going to write anything, but thought I would just share my experiences with trading in general. Take it or leave it, doesn't matter to me, but maybe it will be of use to somebody. I don't know why, but it seems like a lot of people on this forum are looking for other people's opinions instead of formulating their own. Trading is very personal, take bits and pieces of knowledge from various places but in the end you need to come up with your own conclusions and your own way of trading.

I struggled greatly for many years in my trading, looking for someone to help me, looking for the right indicators, looking for the right advice. I was looking everywhere except inside myself. I believe that is the biggest issue. When I realized how much psychology has to do with trading and all the emotional baggage I had (greed, fear, fear of losing, fear of missing out), that is when I started to make progress and started clearing that out.

In my searches for the right indicator set or trading method, Order Flow seemed to make the most amount of sense. Buying and Selling is economics and the "balance of powers" so to speak. I remember I got so excited when I found the David's Weis Wave and thought this is it. In reality, it was just the start. Volume gets manipulated by Algos running in the markets all day long and I had a really hard time making sense of it, and my trading was going really bad. I blew up 2 accounts and then decided to sim trade until I become profitable, if that is even possible...

I started looking into Delta indicators, understanding that volume alone did not reveal the entire picture. And started thinking what about a wave delta indicator or something like that. That's when I found MBoxWave. Back then there weren't any videos about it, and Mike wasn't showing live trades. There just really wasn't much information about it. However I am very thankful to Mike for what he has done and in my process of becoming a better trader. The vast amount of knowledge that he has shared is just incredible. Now I paid David Weis and studied with him. What I learned with David is a fraction of what I learned from Mike's videos that are completely free. It is a gold mine of knowledge and experience. He doesn't have to do this and I don't know anyone that is freely sharing their expert knowledge. This is something that just doesn't exist in the trading world. In this sense Mike is an anomaly.

For anybody that thinks they deserve a free ride and like to criticize anything that "doesn't work", I would suggest to dig deeper in yourself and find out what your personal obstacles are. Nobody has to buy anything and nobody has to share anything either. People like David Weis, Gary Dayton, and MBox Mike don't need to share anything at all, and then even get blasted for it. Not how I was brought up or raised. Having options never hurts. Take what is useful for you, discard what is not. But most important folks, make your own conclusions.

Getting to the last point, I'm not sure what issue this guy is having with the software. But I have been using MBoxWave for a few years now and everything is working just as well now as it was a few years ago. And Mike is always quick to respond via email. I've bought a number of trading products in the past and Mike's support is unsurpassed.

Have a nice day Y'all.


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  #149 (permalink)
 jktrader37 
Houston Texas USA
 
Experience: Beginner
Platform: NinjaTrader
Trading: CL
 
Posts: 1 since Feb 2015
Thanks: 4 given, 1 received

I have been using MBox Wave for about 6 months. I have found it to be the single most useful indicator set to date,
and I have tried too many to count. There are tons of examples posted by Mike ( MBox Mike) and I have found the
the educational material to be as good as any.

I have reached out to Mike several times, and he has responded quickly.
I am also in the middle of a four session coaching course with Jimmy Chen.
In my opinion, Jimmy is an excellent teacher, and his setups I believe
are solid, and very consistent.

My trading has turned around with this outstanding order flow toolkit,
and I hope I never have to trade without it again ( ES, CL, 6E)

Best of Luck !
james

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  #150 (permalink)
 sienna 
Melbourne, Australia
 
Experience: Beginner
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: Many
 
Posts: 140 since May 2012
Thanks: 179 given, 91 received


jktrader37 View Post
I have been using MBox Wave for about 6 months. I have found it to be the single most useful indicator set to date,
and I have tried too many to count. There are tons of examples posted by Mike ( MBox Mike) and I have found the
the educational material to be as good as any.

I have reached out to Mike several times, and he has responded quickly.
I am also in the middle of a four session coaching course with Jimmy Chen.
In my opinion, Jimmy is an excellent teacher, and his setups I believe
are solid, and very consistent.

My trading has turned around with this outstanding order flow toolkit,
and I hope I never have to trade without it again ( ES, CL, 6E)

Best of Luck !
james

Hi James,
I also have those indies (bought late 2019), but am unaware of Jimmy Chen and his coaching. Could you provide more info on what he delievers and the costs? Is he part of Mike at Mboxx? There was no mention of J Chen on Mboxx website.
Thanks
S

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  #151 (permalink)
weeclemans
Moscow + Moscow Oblast/Russia
 
 
Posts: 13 since Nov 2020
Thanks: 3 given, 8 received

sienna, you can ask Mike Sokolik about it, I think he will give you Jimmy Chen's contacts.

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  #152 (permalink)
Lfx987
London
 
 
Posts: 51 since Apr 2019
Thanks: 90 given, 71 received


weeclemans View Post
sienna, you can ask Mike Sappington about it, I think he will give you Jimmy Chen's contacts.

Mike Sappington has nothing to do with MBoxx.

Please rectify your message to save untoward aggravation for someone who has nothing to do with MBOXX

To clarify, Mike Sappington IS NOT Mboxx Mike.

Thank you

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  #153 (permalink)
weeclemans
Moscow + Moscow Oblast/Russia
 
 
Posts: 13 since Nov 2020
Thanks: 3 given, 8 received

fixed
thx

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  #154 (permalink)
 Aussielad 
Sydney
 
Experience: Intermediate
Platform: Ninjatrader
 
Posts: 17 since Mar 2010
Thanks: 4 given, 21 received

It appears that Mike has officially opened up a Trading Room which is free to all users who have purchased the Grandfather package. The room will be via Telegram. https://mboxwave.com/mboxwave-trading-room

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  #155 (permalink)
 NGtrader 
Vancouver, Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ninjatrader Continuum
Trading: RTY, ES, and Directional Options on QQQ, SPY, IWM, AMZN, AAPL, TSLA
 
Posts: 188 since Apr 2014
Thanks: 665 given, 148 received

I have been in the markets since 2007, started first with stock investing then going to penny stocks, fx, options and then futures. I've been learning the Wyckoff method for the past 3 years but like a typical trader I jumped around to other things. I also worked on an algo for two years too because I found my trading to be too inconsistent. Finally last March I focused more on Wyckoff and my tape reading skills really improved. Daytrading using Wyckoff can be challenging at times and you don't have much time to think about a trade. Sometimes you get confused when you are tired. MBox is a great visual aid that has helped me immensely. I bought the latest special that includes the trading room a couple of weeks ago and I've already made back the cost of the software and then some. I daytrade options on ETF's like SPY, IWM by watching corresponding futures instruments. Now with MBox I can also daytrade options on stocks like AMZN, AAPL, TSLA. I've actually daytraded all of these stocks already using MBox. I learned that with MBox I can even catch breakouts the day before they happen. When I say options I mean straight long calls and long puts, I don't need to do spreads or delta neutral strategies because I have very high confidence in the trades I take.

Mike gives lots of free Youtube tutorials as well as on his website on how to use his software. I think it's important to have a very good foundation in Wyckoff first. I don't think you should buy his indicator suite expecting to just trade off signals it produces. It's really important to understand why something is happening. You should have a thorough understanding of Wyckoff principles especially effort vs. result so you understand what the indicators together with the price movement and spreads on the candles are telling you.


I can't thank MBoxMike enough for creating this fabulous, real-time indicator suite!

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  #156 (permalink)
 iq200 
Surrey, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
 
Posts: 304 since Jun 2010
Thanks: 117 given, 194 received


NGtrader View Post
I have been in the markets since 2007.....


Can you please show 1 or 2 examples of stock setups?

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  #157 (permalink)
 NGtrader 
Vancouver, Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ninjatrader Continuum
Trading: RTY, ES, and Directional Options on QQQ, SPY, IWM, AMZN, AAPL, TSLA
 
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iq200 View Post
Can you please show 1 or 2 examples of stock setups?

Here is a Macy's setup using the software. I was looking at it because according to seasonality it is supposed to start moving up at this time of year. I was already in it although didn't get the best price as it went lower the next day. before it popped. I should have taken profit after it popped but I waited another day but it pulled back more and I got out with modest profit. I had January calls in it. I'm using 4 range charts here but now I'm using time-based charts with stocks, anywhere from 2 minute to 10 minute and also 60 and 90 minute charts for the bigger picture. One of the most useful tools in MBox that I look at are the delta volume numbers which are those numbers you see above and below the candlesticks. SP means spring, # is an algo buy signal if blue, it's red if it's a sell signal. It really helps to understand the Wyckoff principles and not just take trades because you see signals on a chart.

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  #158 (permalink)
 NGtrader 
Vancouver, Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ninjatrader Continuum
Trading: RTY, ES, and Directional Options on QQQ, SPY, IWM, AMZN, AAPL, TSLA
 
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Here is the AMZN trade I took today, marked up to show where I entered and where I exited and the reasons.

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  #159 (permalink)
 RocketScientist 
San Jose, CA
 
Experience: Advanced
Platform: Thinkorswim
Broker: Tradovate
 
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NGtrader View Post
Here is the AMZN trade I took today, marked up to show where I entered and where I exited and the reasons.

Thanks for your chart examples. Have you found the Mbox tools to be as accurate for stocks as they are for futures? With a lot of stocks volume being done in dark pools, I would imagine that the delta data is not as accurate as it is for futures. That's just my guess though.

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  #160 (permalink)
 NGtrader 
Vancouver, Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ninjatrader Continuum
Trading: RTY, ES, and Directional Options on QQQ, SPY, IWM, AMZN, AAPL, TSLA
 
Posts: 188 since Apr 2014
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RocketScientist View Post
Thanks for your chart examples. Have you found the Mbox tools to be as accurate for stocks as they are for futures? With a lot of stocks volume being done in dark pools, I would imagine that the delta data is not as accurate as it is for futures. That's just my guess though.

Nope, not an issue at all. Important thing about using the software is that you want to get price confirmation and not just take trades blindly just because a signal shows up, especially if trading faster timeframes like 1-minute charts. With MBox can also wait for multiple confirmatiions before taking a trade.

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  #161 (permalink)
 NGtrader 
Vancouver, Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ninjatrader Continuum
Trading: RTY, ES, and Directional Options on QQQ, SPY, IWM, AMZN, AAPL, TSLA
 
Posts: 188 since Apr 2014
Thanks: 665 given, 148 received

Also I'm only using level 1 market data for stocks. A buddy of mine told me about Zoom but unfortunately I was tired of looking at the screen and about to go outside for a run. Here is how it looked on MBox.

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  #162 (permalink)
 theprophe 
prague,czech republic
 
Experience: Intermediate
Platform: Irt,bookmap
Broker: Edgeclear
Trading: Mes
 
Posts: 41 since Nov 2010
Thanks: 46 given, 37 received

Thanks for the chart, I used to be in ZM but got out last week for a small loss, 334 was a key level, the action today was so strong after it breached it

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  #163 (permalink)
 iq200 
Surrey, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
 
Posts: 304 since Jun 2010
Thanks: 117 given, 194 received

On his youtube, MBoxMike uses Sierra Charts platform which I do not use.
Now I was looking through forums and when you are in Sim mode, Sierra Charts puts the word SIM on the title bar. However I don't see the title bar on any of his videos. Can anyone who frequents his room confirm if he trades live or sim?

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  #164 (permalink)
 zextra 
Mountain View CA
 
Experience: Beginner
Platform: Sierra Chart
Trading: EUR/USD
 
Posts: 6 since May 2013
Thanks: 2 given, 6 received

I use Sierra Chart. Open your Chart Trade Window while you are in Sim mode and you will see Sim1 in the drop down list of accounts. On Mike's videos you can see his account number in the Chart Trade Window. If it was sim it would show Sim1 instead of the Account number. And you would see the word "[Sim]" on the chart itself. My guess is the title bars are filtered from the video to maximize vertical pixels so you see more of his trading screen.

On one of the YouTube comments on his videos someone asked if it is a Sim account. Mike responded showing this image what the chart would look like if it was in Sim Mode



I am very grateful to Mike and for his videos, they have been a wealth of information for me and a gold mine. I have yet to see other vendors providing such quality videos, and all that for free. The videos and Mike's knowledge of the markets has improved my trading substantially.


iq200 View Post
On his youtube, MBoxMike uses Sierra Charts platform which I do not use.
Now I was looking through forums and when you are in Sim mode, Sierra Charts puts the word SIM on the title bar. However I don't see the title bar on any of his videos. Can anyone who frequents his room confirm if he trades live or sim?


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  #165 (permalink)
 iq200 
Surrey, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
 
Posts: 304 since Jun 2010
Thanks: 117 given, 194 received


zextra View Post
I use Sierra Chart. Open your Chart Trade Window while you are in Sim mode and you will see Sim1 in the drop down list of accounts. On Mike's videos you can see his account number in the Chart Trade Window. If it was sim it would show Sim1 instead of the Account number. And you would see the word "[Sim]" on the chart itself. My guess is the title bars are filtered from the video to maximize vertical pixels so you see more of his trading screen.

On one of the YouTube comments on his videos someone asked if it is a Sim account. Mike responded showing this image what the chart would look like if it was in Sim Mode



I am very grateful to Mike and for his videos, they have been a wealth of information for me and a gold mine. I have yet to see other vendors providing such quality videos, and all that for free. The videos and Mike's knowledge of the markets has improved my trading substantially.

I was in no way doubting MBOX Mike - apologies to anyone including Mike if my post had implicated that he was on Sim - I perhaps worded it incorrectly. I simply had no clue about Sierra Charts and had been wondering how to identify from the videos he posts. Suggestions on google had said it was in the titlebar. Thank-you for clarifying.

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  #166 (permalink)
omrangassan
Riyadh - Saudi Arabia
 
 
Posts: 34 since Aug 2012
Thanks: 5 given, 5 received


nttradert View Post
I use MBoxWave tools in my trading every day (mainly MWave chart/Mboxwavehistogram) as my primary indicators - fairly successfully.

There are a number of indicators as part of the package and additional indicators/algos are added on a regular basis.

Make sure you are running the latest version of NT8 as previous versions of NT did not always play well with the indicators.

There are a few different pricing models, but if you want continuous updates go for the grandfather package as that covers everything and there is generally a new indicator every 2 months or so.

Mike, the developer, has always been prompt in his replies when I have had queries, suggestions or a problem (so far has always been a problem with my PC/NT config and not the tools).

There is also an offer for access to a trading room who use the tools every day and provide training, mentorship and advice. The guys in the room are all successful traders (sadly no Trump jokes allowed though), who I feel go out of their way to help you. Although I do not trade the same systems as them, they provided me with great additional knowledge on Wyckoff and using the mboxwave tools in my trading as well as learning how trading should be done.

I initially bought the product a number of months ago, before the additional pricing models were available, but was able to upgrade at a good price, went all in and have no regrets.

I think the match of a great product with training from a great team of knowledgeable profitable traders is a fantastic match and I highly recommend both mboxwave and the training room.

Out of all the money I have spent (wasted) over the years, this is one of about 4 things I've purchased that has contributed to me becoming a better and successful trader.

tomC


what are the 4 things you bought and you find to be good ? beside mboxwave

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  #167 (permalink)
 jalley 
La Grange, CA USA
 
Experience: Intermediate
Platform: Ninjatrader, MetaTrader
Broker: NinjaTrader Brokerage
Trading: MES, MNQ, M2K, MYM
 
Posts: 23 since Jun 2020
Thanks: 14 given, 6 received

Is there a similar indicator here to the MBoxHistogram?

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  #168 (permalink)
 fryguy2 
Lakewood + CO
 
Experience: Intermediate
Platform: NT , MT4
Trading: Emini
 
Posts: 37 since Jul 2016
Thanks: 2 given, 15 received

Why not have to trading room open for guest for a few days. So they can potentially talk to real students. Anyone can write glowing reviews on their site.

His indicators do lag.

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  #169 (permalink)
 zextra 
Mountain View CA
 
Experience: Beginner
Platform: Sierra Chart
Trading: EUR/USD
 
Posts: 6 since May 2013
Thanks: 2 given, 6 received


fryguy2 View Post
Why not have to trading room open for guest for a few days. So they can potentially talk to real students. Anyone can write glowing reviews on their site.

His indicators do lag.


I think you have the wrong idea for how the room works. It is a support community and trades are not called out per se. Some traders share their trades, but it is not meant for copying, but for learning. Other members chime in when you share your analysis and if you didn't understand something correctly.

The purpose is to learn how to trade, not being spoon fed. If you don't have the MBoxWave indicators, you won't know what's going on. You should read what the room is and what you can expect from it, as it is exactly spelled out on this page https://mboxwave.com/mboxwave-trading-room . From what Mike has said many time (including from last webinar), the room is free, not something you are paying for and that is why there are no guest passes. I imagine if it was a paid room, then he would give guest passes. The goal is to bring the MBoxWave traders together, and to benefit from that you have to have the indicators.

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  #170 (permalink)
 fryguy2 
Lakewood + CO
 
Experience: Intermediate
Platform: NT , MT4
Trading: Emini
 
Posts: 37 since Jul 2016
Thanks: 2 given, 15 received


zextra View Post
I think you have the wrong idea for how the room works. It is a support community and trades are not called out per se. Some traders share their trades, but it is not meant for copying, but for learning. Other members chime in when you share your analysis and if you didn't understand something correctly.

The purpose is to learn how to trade, not being spoon fed. If you don't have the MBoxWave indicators, you won't know what's going on. You should read what the room is and what you can expect from it, as it is exactly spelled out on this page https://mboxwave.com/mboxwave-trading-room . From what Mike has said many time (including from last webinar), the room is free, not something you are paying for and that is why there are no guest passes. I imagine if it was a paid room, then he would give guest passes. The goal is to bring the MBoxWave traders together, and to benefit from that you have to have the indicators.




Not looking for trades from the room or be spoon fed. Just to have the ability to chat with current users. The ability to hear the pros and cons from actual users. You only will her good things from the seller.

The channel is on Discord. It's not costing him anything to run it. Vinny E-Mini runs a discord channel also and anyone can freely join and talk to current users and view past trade screen shots.

The seller is looking to charge over $1k for something, you have no ability to demo. Atleast with Vinny The-Emini guy, you can get on the channel and demo the software for free.

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  #171 (permalink)
 sienna 
Melbourne, Australia
 
Experience: Beginner
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: Many
 
Posts: 140 since May 2012
Thanks: 179 given, 91 received

My experience with the software is positive + negative. I have found it helpful to my way of trading, but I'm not here to promo the vendor.

What has happened to me recently (after a Win10 and NT8 upgrade) is that the latest Mbox version slows Ninjatrader to a crawl. This is newish. Sierra might well be a different situ...I only use NT8. NT8 tends to freeze many times a day and I've tracked it down to 2 indies within the MBOX pack. Mike from MBOX provided a quick response to my queries: Only have Mboxcharts up on my PC at any one time and delete all workspaces, due to the limitations of NT8. Apparently this is only an issue with NT8.....(my assumption).

Seperate to this I suspect that I'd need to upgrade my PC to a very fast chip. No other indies in my PC are giving me grief.....so that is unacceptable to me and I've had to stop using it. With a previous NT8 platform version and previous Win10 version, Mbox ran without issues...smooth and fast. I've done - and keep doing - the ususal maintenance on NT8, gleaned from the FIO contributions over a few years on how to keep NT8 running smoothly. So if the product is of interest, I'd probably steer clear of using it on NT8 Its a shame, as I like some of the info it provides, to my way of interpreting data. I could try it on Sierra or MT4, but don't have the inclinations to change platforms.

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  #172 (permalink)
 zextra 
Mountain View CA
 
Experience: Beginner
Platform: Sierra Chart
Trading: EUR/USD
 
Posts: 6 since May 2013
Thanks: 2 given, 6 received


sienna View Post
My experience with the software is positive + negative. I have found it helpful to my way of trading, but I'm not here to promo the vendor.

What has happened to me recently (after a Win10 and NT8 upgrade) is that the latest Mbox version slows Ninjatrader to a crawl. This is newish. Sierra might well be a different situ...I only use NT8. NT8 tends to freeze many times a day and I've tracked it down to 2 indies within the MBOX pack. Mike from MBOX provided a quick response to my queries: Only have Mboxcharts up on my PC at any one time and delete all workspaces, due to the limitations of NT8. Apparently this is only an issue with NT8.....(my assumption).

Seperate to this I suspect that I'd need to upgrade my PC to a very fast chip. No other indies in my PC are giving me grief.....so that is unacceptable to me and I've had to stop using it. With a previous NT8 platform version and previous Win10 version, Mbox ran without issues...smooth and fast. I've done - and keep doing - the ususal maintenance on NT8, gleaned from the FIO contributions over a few years on how to keep NT8 running smoothly. So if the product is of interest, I'd probably steer clear of using it on NT8 Its a shame, as I like some of the info it provides, to my way of interpreting data. I could try it on Sierra or MT4, but don't have the inclinations to change platforms.

After reading what you wrote, my guess is you have a software / hardware issue. I have the NT8 version of MBoxWave, running very smooth and fast, with no issues at all. My PC is not the latest or greatest either. My specs are 8th gen i7 with 16gb of ram and an SSD drive. If previously your MBox ran smooth and fast as you say, it isn't an indicator issue, but a computer issue. If something was working well before, and now it is not, then something must have changed in your computer / software configuration. NT8 is known to be a resource hog and you also have to realize that the way NT8 calculates Delta volume uses your CPU resources more. The way Ninja calculates Buying / Selling volume is not the most efficient. This is a well known Ninja issue, not even related to MBoxWave. Check out the native Order Flow indicators in NinjaTrader and they do not load any faster than MBoxWave. This shows it is not an MBoxWave issue, but how the overall architecture is in NinjaTrader for accessing tick data. Most indicators do not access tick data, only order flow indicators that show buying / selling pressure access tick data (like MBoxWave). NinjaTrader has decided this is acceptable, and for probably 90% of users this is. In the room, there are lots of people running on NinjaTrader and sharing screenshots every day with no performance issues at all. Whenever someone has performance issues, Mike has a guideline to follow that will keep your NinjaTrader running at optimal performance. It has worked for me, and many others in the room. Also, make sure you are running a PC that meets NinjaTrader's recommended requirements (not just minimal requirements).

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