So many deleted posts, reprimands, and negative views about this product! I've never used this product myself, but I think there has to be some reasons for these sentiments. I personally would not be comfortable with, or spend much time and effort on any product which generates that much polarity.
've had this indicator for a year but have never been able to realize its genus (too many dots for me) .. In a nutshell indicator divides the days up (all mondays, all tuesdays, etc) then uses this info per day to identify which times of that day showed potential.. The times the dots print are available before todays trading day..
Enclosed is a chart and an explanation from the vendor,, for me there seems to be too many false signals to be of any use..
Comments would be appreciated? txs all
Please no "vendor" bashing,, want this to be educational... txs
think #7 comment below is a bit of a stretch.....
1.go back and circle the red amacd at 5:40...that occurs at the double bottom after an impulse new low move.
2.Circle the green dot at 6:30ish, where the market stopped, and attempted to punch higher (pivot).
3.Circle the red market at 11:00 on the down leg of the reversal low.
4.Circle the red Powerzone red marker and AMACD marker at the bottom of the impulse move through to a double bottom on the new low at support.
If you only look a the dots at, double bottom, pivot, reversal, support, bull flag, pivot high, etc, as is indicated in the post by the vendor. Why don't I just look for these market structures myself, instead of buying this indicator? or just buy an indicator that actually identifies these market structures for me, instead of a deluge of dots that hopefully land near one of these structures?
Throw enough dots on a chart, some of them are bound to hit something!
Last edited by monpere; February 3rd, 2011 at 10:00 PM.
After sitting through many of their presentations I would only take trades when a big dot matches their S/R lines. Others are too random. I never bought it. Michael is a decent guy, but just not for me.
Michaelangelo saw the statue in the stone before he started to carve and chipped away everything that was not the statue
Flags, lines, s/r , appear in the minds eye on a plain chart with just the dots for the fortunate.
I just see the dots right now...................... well there it is!
I do have a bot that uses this software in a mechanical manner whos rules are available on the vendor website, it involves only two vendor triggers and the bollinger band, predefined no guess work.. This was not entered in the bot contest because u gotta buy a license to use their indicator.. This would have been my first choice in the bot contest.
Last edited by gg80108; February 4th, 2011 at 05:38 PM.
I purchased the system about 1.5 years ago. I ran it for three months could not find an tradable system from the indicators. I went in a webinar last week looks like they have it more together. still i wont purdhase any more indicators with out a room that can show me how they work with complete transparency. I am learning the 1-2-3 price reading mythod curently.
The following 2 users say Thank You to danathetrader for this post:
I know Flux Ron personally. Ron is a fine and honest person. Ron has the flux indies down to a science. I could give someone tomorrow's newspaper and they still couldn't make money. The flux is like any other indy, it might be your edge or it might not. The Flux is not the holy grail, because there are none.
I didn't read any attacks personally or inferred against Ron or Mike.. . So Ron being a" fine guy personally", I just don't see what issue ur comment is addressing....
For me BTF was little weak yrs ago explaining (ie: "inversion", " neutral dots", "hpe times" )just wasn't there 1.5 yrs ago) and just what the flux wasn't(but who would buy it then if it was just another indicator with no sizzle?)
The training is better now because the main theme is using the flux for confirmation of other technical indicators, like u posted.. This was not the case when they were starting out..
All of the vendors I have seen, who run trading rooms were "successful" traders in " someway" before being involved in the current indicator they are selling and really don't need the indicator be successful trading today. Problem with experience/already successful, is that u draw on experience and u don't know it, so is this indicator helping u make a decision or was it that 15 years of experience for 90% of the decision??
Its funny because once in a while vendors ego will get the best of them and say that they don't need any indicators to trade....
The following user says Thank You to gg80108 for this post: