David_R 

Because I don't know what to do to fix it. Or, I try things, but don't give it enough time. I would journal, but when the trading was shitty and still losing money I would stop. I write trading plans with rules and as soon as the trading is shitty I don't bother with the plan. I had a number of sessions with Jared Tendler at $500/ hr. Same stuff. Write this down. How did you feel. Notice how you felt. People tell me to read Trading in the Zone. Read it a long time ago. Do I implement what's in the book, or read it and put it down? The latter. I take full responsibility for all of this. The lack of patience and discipline doesn't stop/start when trying to trade. There is a slew of things that could and should be done better. Preparation and planning and review. Believe me, I don't want to come out and say I completely quite 100%. It's like leaving the door open. But days are going buy, the market has been rallying like a mad man and I'm not participating in any of it. I don't get up to trade the open because my first thought is why bother. It will just end up the same.

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....

There is a free version in nexusfi. Does the same thing.

Weis Wave Delta NT8 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 …

AnyM 

There is a free version in nexusfi. Does the same thing. Weis Wave Delta NT8 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.

FYI.... Mike just did a Webinar on Semi Automated Trading, I found it very interesting

cmelody 

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.

How helpful/accurate do you find the various types of signals?

vickisb 

How helpful/accurate do you find the various types of signals?

So Mike recommends to trade double and triple algorithms and set alerts on them. That way you don't have to stare at the charts all day. I do not trade every signal as the setups vary in strength and I am still learning to be consistent. But when I get a signal I look at the chart and see if the setup is strong according to the other indicators, then I take it. Using this approach I have done decently. At least I am not losing money anymore, I am either breaking even or making small profits. But also I have a lot of FOMO and tend to get out of trades too early due to fear. I am learning to ride out the trades as that is where the profits are, then I can see that it is truly a profitable system if you can do that. Some members have developed automated strategies for bloodhound that are shared for free in the room, along with backtested results. Honestly, Mike could charge more money for this IMO.

nttradert 

I use MBoxWave tools in my trading every day (mainly MWave chart/Mboxwavehistogram) as my primary indicators - fairly successfully. There are a number of indicators as part of the package and additional indicators/algos are added on a regular basis. Make sure you are running the latest version of NT8 as previous versions of NT did not always play well with the indicators. There are a few different pricing models, but if you want continuous updates go for the grandfather package as that covers everything and there is generally a new indicator every 2 months or so. Mike, the developer, has always been prompt in his replies when I have had queries, suggestions or a problem (so far has always been a problem with my PC/NT config and not the tools). There is also an offer for access to a trading room who use the tools every day and provide training, mentorship and advice. The guys in the room are all successful traders (sadly no Trump jokes allowed though), who I feel go out of their way to help you. Although I do not trade the same systems as them, they provided me with great additional knowledge on Wyckoff and using the mboxwave tools in my trading as well as learning how trading should be done. I initially bought the product a number of months ago, before the additional pricing models were available, but was able to upgrade at a good price, went all in and have no regrets. I think the match of a great product with training from a great team of knowledgeable profitable traders is a fantastic match and I highly recommend both mboxwave and the training room. Out of all the money I have spent (wasted) over the years, this is one of about 4 things I've purchased that has contributed to me becoming a better and successful trader. tomC

Hi Tom

Is this the bob amico trading room where he sells the algo's for $5K. His results do look impressive

mkec 

Hi Tom Is this the bob amico trading room where he sells the algo's for $5K. His results do look impressive

I will try to answer this question. As far as I know and understand, MBoxWave is separate. I am an MBoxWave member and only paid for the indicators and got access to the MBoxWave trading room as well. It did not cost 5K, much less. I have heard of bob amico, what I think he has done is programmed automation on top of MBoxWave and that is what he sells for 5K, he sells the automation. So these are 2 separate products. I emailed Mike about it, he said that bob just buys MBoxWave indicators from him and what he does with the indicators with the automation and selling it that is bob's business.