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I remember hearing some analogy, not everyone is fit to be a trader, just like not everyone is fit to be a rock star, olympic athlete, etc.... I've been having good consistency with MBox for the last few of months, but have been trying to trade for years (unsuccessfuly). Perhaps I don't get bogged down in the psychology and just needed to find the right approach. But even with the right approach (Wyckoff / MBox), it would make sense that not everyone will be profitable. We do not live in a world where everyone can perform and be what they want to be even when given the same opportunity. We live in a "equal opportunity" but different outcome kind of world, I think because we are all different and have different strengths and weaknesses. Trading seems to be a dream for many, but only a percentage are really cut out to be traders. I think this has to do with dealing with the psychology / emotions of it. And if someone can't deal with the psychology of it, perhaps trading is not their path. I don't mean anything bad by it, but I'm reading your posts and how hard you have tried and that nothing has worked for you. Perhaps it is time to cut the losses short. Focus on entirely something else that you are actually good at. Just my 2 cents....
Can you help answer these questions from other members on NexusFi?
Hi,
here I share a Weis Wave indicator based on dorschden's PriceActionSwing in combination with a volume delta indicator. I shared it in the Ninjatrader Ecosystem but apparently a vendor/third party or someone else did not like it and it disappeared …
I have tried this version. It is just 1 wave indicator, where as MBox has 10 indicators and 3 signals for a full system. Not really a comparison. There are many "free" waves out there including PriceActionSwing indicator (also I have used), but if you want a free version you will not find a complete system there.
One of the advantages that MBox has, the way I see it is the precision delta algorithm. The order flow on the wave is much easier to read compared to the "built in" delta. None of the free versions have this. The MBox indicators are designed to be looked at together to provide a comprehensive picture of chart analysis. 1 wave indicator will not do this. MBox also has the Algo Signals (buy / sell entries), various histograms like mbox histogram and cumulative delta, and one of my favorites X Kontrol. I am all for alternatives and a free market, and think others should try it if they want to, but to state that it does the "same thing" as MBox is a complete mis-representation, as it is in no way a comparison or replacement of the entire MBox system and the community / support that go along with it.