after a long learning journey in trading,
I felt I was missing something and had the luck and the opportunity to meet Mboxwave; it gave me great solidity and confidence on the most important issue which is the imbalance between supply and demand; the indicators are focused
synchronized perfect for the operational analysis and accompany you in every moment of the trade; xcontrol is an indicator I would say fantastic because it allows you to work a market window where there is total control of the bulls or bears, so it allows you to select the best opportunities in directionality; I can only say thanks to Mike for his kindness, availability and great competence;
CH
Christopher
Understand what you're actually doing and why
Okay, so I got roped into the market with the gamestop/amc frenzy. I did well off that, but wanted to make that the norm, not just a one shot. Jump to me googling nonstop about various methods/indicators/courses. When I say I drank from the hose, I mean I chugged half the ocean trying to find something that was simple, but also consistent. Most things I found were one or the other.
All this searching, hitting dead ends, regrouping, and searching again (over and over and over) led me to mboxwave.
For the first time I found a system that actually made sense and didn’t rely on an entire zodiac library of horoscope chart patterns and indicators.
Now I finally know where my entries and exits are. I know when something has a high degree of confidence that it will move in my favor or if it’s more of a gamble.
I also day trade futures now vs. stocks.
To say this system has changed my life would be an understatement. I’m not talking about deep inner change or anything approaching life-coachy nonsense. I mean that I now day trade for a living, as my only job, and I make much more than I did previously.
If I can give you two tips about this system:
1. Get into futures. I get it, it’s more complicated up front, but once you understand the breakdowns of the different instruments, you’ll be happy you changed. There are plenty of vids on youtube about futures. If you’ve never traded futures, keep in mind that the price over on the side isn’t how much you pay to enter a position. Coming from stocks, I thought I had to pay ~$4000 for 1 share of the ES. This is prob funny to current futures traders, but I didn’t know what I didn’t know at the time. I thought futures worked just like stocks.
2. Use sierra chart. Again, I get it, it’s not free like thinkorswim, but trust me, it’s a ton better. I tried out tradestation as well and can say, don’t go that route.
If you want to see examples of charts with these indicators, the creator has a ton of vids on his youtube page (mboxwave) and twitter (mboxwavewyckoff).
Watch the vids.
Seriously, the creator goes step by step through his thought process for each trade. This is teach a man to fish vs. give a man a fish territory.
