Arnaud M.
How to better read price action
After trying many trading methods, I become quite convinced orderflow was the way to go. As a "chartist" (I trade off charts and price action), using additional charts like a footprint became a bit confusing (especially when tracking many instruments), so I looked for a tool that could give me key insights into orderflow directly on my main trading charts. Mboxwave offers just that: 1. a direct read of volume and delta, not per "bar", but per "move" (it will calculate across many bars until a reversal happens) with data provided directly on your chart, above / below candles. 2. a series of additional indicators placed below your chart that help visualize the delta of "moves" (on a faster basis), cumulative delta, pace of the market, etc. This allows to easily identify demand / supply strength or exhaustion, or "effort no result" type phenomenon. This is a tremendous help to better spot reversals (and stop chasing false bottoms / tops), by looking at whether the delta of moves seems to become exhausted or slowing down. Mboxwave will then print algo signals to help you recognize such patterns. And more important, to me anyway, it is a fantastic tool to stop exiting trades at the slightest hint of a pullback: it helps identify whether a move against you is likely to just be a pullback (stay in the trade!!!) or whether it's something potentially more dangerous (time to exit your trade, or at least tighten your stop loss). The impact on my P&L has been quite dramatic, with very significant gains in average $ won per trade (by staying longer in trades when nothing signals a potential reversal). And it helped me fix one of my biggest flaws, the hunt for tops & bottoms... Mboxwave sadly offers no trial, but by going through the many videos made available by MBoxMike on his YT channel you can really judge for yourself how potent the tool is. MboxMike has also now launched a Discord where he is very active, and super helpful to users.