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MBOXX ( similar to Weis Wave )/Wyckoff


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MBOXX ( similar to Weis Wave )/Wyckoff

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  #191 (permalink)
 zextra 
Mountain View CA
 
Experience: Beginner
Platform: Sierra Chart
Trading: EUR/USD
 
Posts: 11 since May 2013
Thanks: 2 given, 6 received


researcher247 View Post
MBOXX intrabar gives a hint as to what is happening. Though SIGNALS that print end of bar will often disappear due to something w/'swings' & such. I mostly use default settings or w/trend settings but still from time to time play around w/the settings.

I've had it for 2 years now - sometimes I'll look at it on longer timeframes 5min/15min - but for me it was an impulse buy back in the day. I've used it for managing stops & a bit of 'exhaustion' heads up as well.

It's a 'tool' like any other indicator.

I think a lot of times people expect indicators to do the work for them. I agree, indicators are a tool. Just like a carpenter needs to know how to use his tools, the trader needs to learn how to use their tools (indicators) as well. Overall, MBoxWave has been an indispensable tool in my daily trading that has consistently helped me make higher profits. Indicators are not magic, they must be studied and learned how to use it.

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