I have been using MBOX for about 1 year. You know before I discovered the indicators from Mbox Mike I was a bit lost. I didn't know whether to pursue the WyckOff system because I couldn't read it. Once I started using these new indicators my confidence in the Wyckoff system grew steadily. But why was that? Because I understood the fundamental laws of this system through the Mbox indicators. Simply, this is the perfect visual trading tool.
Another added value is that with the godfather package you get all new versions of the indicators. And that Mike doesn't slack off and is still working on an already good indicator package.
I usually trade an hour a day. MBOX shows me the current trend very quickly and I can quickly see what is happening on any given day. As far as the performance requirements of the indicators are concerned, everything works well even on my PC with Ryzen 7 3700X. Loading the charts is snappy. A final note. Please read all the information at mboxwave.com . Especially all the tutorial videos. It is very important
See you on charts!
AH
Ahmed
Posted
MBoxwave Volume Analysis Indicators
Richard Wyckoff was a 20th-century pioneer of a trading methodology that he developed after studying how the stockmarket big players were manipulating stocks to lure smaller investors into the market to fleece them from their money. He studied volume in particular by watching the tape, literally watching buys and sells volume being printed bar-by-bar on a tape, and looking for composite operator footprints who are the big players accumulating stocks or distributing them after pushing up the price. He became proficient at volume analysis and began a newsletter to help inform the masses. He founded, wrote and edited The Magazine of Wall Street which had more than 200,000 subscribers. Wyckoff was forced to close down his newsletter because his tape reading skills became so good that large firms subscribed to his stock alerts so they could front run the retail investors.
The Wyckoff skills are still valid but are not taught as widely. MBoxwave uses components of Wyckoff methodology to give alerts of “smart money” accumulating, absorbing or distributing enabling those new to trading and those experienced to more easily identify key points in price movements – up or down.
Wyckoff wrote down his methodology and sent out details to subscribers who wanted to learn his method. His explanation for studying stocks and using volume in particular was “…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”
Wyckoff wanted to teach ordinary investors to see the market as if they were the big players in the market, moving it and profiting from it. This is the value of all the various MBoxwave indicators, they give clues as to how to view the evolving market, bar-by-bar and wave by wave, as to spot the footprints of composite operators and to trade alongside them and not become their victim.
A lot of emphasis behind MBoxwave is analysis of supply and demand, because that is the nature of a market of stocks. There are sellers and there are buyers. When you have more sellers than buyers, the market goes down. When you have more buyers than sellers, the market goes up. One of the problems with simply watching volume bars on a chart is that volume can be manipulated. You need to use several tools to avoid being trapped by volume manipulators. MBoxwave provides those tools, you just need to study it to understand when its telling you to be in or out of the market.
TV
Taras V.
Posted
MBox indicators gave me the confidence I didn't have before
My previous trading experience was based on volume nodes and market profile analisys in conjunction with some simple instruments like SMA and Stochastic oscillator. But the result of that work was not satisfying. After some unsuccessful experiments with Bookmap (where I tried to analise liquidity and Time and Sales data) I started to look for any "fresh look" on the market structure. My broker (NinjaTrader) has lots of videos and webinars with invited successfull traders who are explaining their approach to market analisys. I've watched some and one day amoung those videos I've discovered Mike and his MBox banch of indicators. It was basic VSA analisys (Wyckoff methodology) supplemented with Delta and T&S (Order Flow) indicators. It seemed to me that time that I've at last seen something simple and efficient. I've bought the indicators half a year ago and it was not so simple from the beginning... It took me couple of months to get used with that new market data visualisation and "waves reading patterns" where I had to reveal the increasing dominance of buyers or sellers. Besides to be more effective I've carefully read all the explanations, hints and examples given on the main MBox site and watched all the videos frome Mike's youtube channel. So, after six months I can say that now I have stable and profitable trading with the help of MBox Indicators.
I want to thank Mike for his help and also for improving and adding new instruments into MBox packadge. And especially for that confidence I had never have before!
MZ
Michael Z.
Posted
The key to becoming a consistently profitable trader!
I got Mike's MBoxWave indicators about 2 years ago and it has totally changed the way I trade. Before that I was struggling with all other 'conventional' indicators, trying to find myself decent entries for my trades, but of course I was only being played by the big sharks with the deep pockets. I had heard about the new tools out there that were based on order flow and volume delta, but every time I would try to spend more than 15 minutes in front of those footprint charts, my eyes would get irritated. How is it possible that people spend hours in front of these charts, particularly in fast-moving markets, like NQ? Until I came across Mike's MBoxWave set of indicators, which allowed me to use order-flow information but in a much simpler and quicker to digest format. Based on the universally accepted Wyckoffian Logic, these tools will essentially tell you which way smart money is swaying the market, which is essentially the only chance small players like most of us are ever going to have trading the markets: to become the small fish under the belly of the big sharks and whales and thus be in position to get small bites of profit by being able to see which way big investors are moving. But it is not the group of indicators that you are getting; Mike has gone the extra mile and designed additional algorithms, which are continuously scanning for specific combination and sequence of indicator readings to produce Wyckoffian trade signals, which vastly increase the success probabilities for your trades. Finally, he maintains a Discord room where hundreds of users are getting together to exchange ideas and present their own, personal style of use of the MBoxWave tools to their peers. Mike is also around all the time to provide support and reply to questions, while at the same time he has produced dozens of videos (and he keeps producing them) of live trades, which essentially form 'The Bible' of his MBoxWave tools. I have gone through them many times taking notes about WHAT he is looking for, WHERE (price action, indicators etc.) and WHEN (market opening, previous session etc.) and I quickly built up a library of signals; all it takes is train your eye to be able to distinguish a handful of these signals in a given scenario that create the required confluence, and then Mike even tells you when to pull the trigger! Please to think this is a get-rich-quick scheme; Mike is providing you top class fishing tools and he is also teaching you how to fish; however you will still need to put the time and effort needed to become a good fisherman! In vast and hostile ocean full of 'experts' who never trade but will happily take your money to teach you how to trade, I consider myself incredibly lucky to have come across Mike and his set of tools so early in my endeavour as a trader.
ST
Steve
Posted
Mbox is dope
So some background I've been trading for now 10 years, went from crypto to fx/comms to now trading futures for a couple of prop firms so at this point I'm reasonably competent.
Found mbox though a friends recommendation and it looked like it complemented my standard technical structure that I use on the daily. So I picked it up and ever since it's been just a cornerstone in my active trading. Being able to see the actual delta demand and supply on the fly live is an absolute boon.
I trade pretty low down tick charts using 5m and hourly as general structure and if mbox is removed from my charts my market reads get a lot harder very quickly.
There's a lot of tools out there that don't actually show you exactly what's moving the market (supply and demand), and don't make it very clear what's happening and require quite a bit of 'interpretation' which can be taken any which way. Mbox makes this process as straightforward as you can reasonably get it trading financial instruments.
Cheers to Mike for a fantastic product I'll be using it for forever and a half.
MK
Morris K.
Posted
MBoxwave has simplified looking at…
MBoxwave has simplified looking at orderflow. I have spent large amounts of course money and learning money to get the essence of it. The MBoxwave indicators give you all you need to know in a "one-glance-single-screen" mode. The marking up off the charts comes naturally after a while of watching Mike lead by example on his huge catalog of videos. I use nothing else anymore. Starting out on MBoxwave shortens your learning curve and saves money in the long run. I discovered MBoxwave on it's Facebookpage You can purchase all you will ever need to daytrade on the MBoxwave website.
RK
Ricky K.
Posted
mbox wave software is a Game changer
The mboxwave software is a game changer. You know at any pointe in time, who is in control and what side of the market you should be on…The indicators are color coded , which allows you to quickly see the indicators that are in confluence, the strength of the move and the speed of the move…The scrolling Delta algo adds to the confirmation of who is in control of the move. All in all, mboxwave software is incredible. I am very comfortable, when I pull the trigger on a trade. Thanks Mike, for all your design and coding capabilities..a very happy customer, Rick Keyser
KC
Kanosparkmen C.
Posted
mboxwave
mboxwave
This software is really incredible, it is helping me to understand the fundamentals of the auction, nothing complicated such as the footprint, D.O.M and other tools.