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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
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!
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.
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.
