This is from a fellow trader I follow. I've used the MOB for
years (Make or Break) it is a combo of fib extensions and Gann
projection from software called Advanced Get. It is uncannily
accurate. MFU is for the Money Flow Unit and is proprietary to this
trader.
Posted by bulf6285 on 22nd of Sep 2022 at 01:37 pm
Brophy, I used Advanced Get for years when I was trading on the
floor of the Comex. The MOBs were incredibly accurate. Their Elliot
Wave count was also pretty good. Never been able to replicate the
MOB in Tradestation, and I have tried very hard :) Can't find a
good enough explanation of the indicator to work off of though. I'd
be happy to do the programming and share if anyone has the
parameters.
Yes, I've used Advanced Get from time to time over the years.
Creator was Tom Joseph who has created many excellent indicators.
(He has his own company now and most recently created many of the
same tools for VectorVest programs. I mean almost exactly the same
tools and calls them different names! ha!!) The best explanation of
it that I heard was a combination of a Fib extension and Gann.
However, his Advanced Get's Elliot Wave left me cold though. Have
no idea how you would recreate it. If you purchased it, then you
own it forever and you can use any number of charting services.
there's versions on Trading View on Elliot Wave indicators like
that, one of them I have is called Elliot Wave Absolute, it's okay,
But I don't use it to make decisions, more just fun to look at once
in a while
but guys, view them out of curiosity, I won't put too much
energy into them. Focus on price action, patterns, and a few
indicators that you might use.
the guys who are always looking for that next holy grail
indicator never settle on something and master it, and thus end up
never making any money.
plus if you think about - there's nothing magical about those
programs trying to generate EW signals. They use technical
indicators to try and have it guess what the pattern is - which
will never ever be as good as you doing it yourself. It's just like
those programs that try to identify stock patterns like coils,
flags, inverse H&S patterns - they will find some of them, and
they will miss identifying tons of them, miss them all together
etc. Those EW programs I've looked at, they all constantly change
their counts as well - ha kind of like a lot of Elliot Wavers
do
This is from a fellow
Posted by brophy on 22nd of Sep 2022 at 12:20 pm
This is from a fellow trader I follow. I've used the MOB for years (Make or Break) it is a combo of fib extensions and Gann projection from software called Advanced Get. It is uncannily accurate. MFU is for the Money Flow Unit and is proprietary to this trader.
What trading platform or website
Posted by tmbrook1 on 13th of Oct 2022 at 10:57 am
What trading platform or website did this come from.
click the link header and
Posted by retirefire on 13th of Oct 2022 at 11:01 am
click the link header and read the post, all there. GL
SPX low today 3491.58. Somebody
Posted by retirefire on 13th of Oct 2022 at 10:27 am
SPX low today 3491.58. Somebody posted an interesting MFU chart with point of recognition 3500. Thanks brophy
brophy nice chart. I have
Posted by kobie on 22nd of Sep 2022 at 12:47 pm
brophy nice chart. I have a count of 3565 for the h&S continuation pattern
Brophy, I used Advanced Get
Posted by bulf6285 on 22nd of Sep 2022 at 01:37 pm
Brophy, I used Advanced Get for years when I was trading on the floor of the Comex. The MOBs were incredibly accurate. Their Elliot Wave count was also pretty good. Never been able to replicate the MOB in Tradestation, and I have tried very hard :) Can't find a good enough explanation of the indicator to work off of though. I'd be happy to do the programming and share if anyone has the parameters.
Yes, I've used Advanced Get
Posted by brophy on 22nd of Sep 2022 at 03:34 pm
Yes, I've used Advanced Get from time to time over the years. Creator was Tom Joseph who has created many excellent indicators. (He has his own company now and most recently created many of the same tools for VectorVest programs. I mean almost exactly the same tools and calls them different names! ha!!) The best explanation of it that I heard was a combination of a Fib extension and Gann. However, his Advanced Get's Elliot Wave left me cold though. Have no idea how you would recreate it. If you purchased it, then you own it forever and you can use any number of charting services.
there's versions on Trading View
Posted by matt on 22nd of Sep 2022 at 03:51 pm
there's versions on Trading View on Elliot Wave indicators like that, one of them I have is called Elliot Wave Absolute, it's okay, But I don't use it to make decisions, more just fun to look at once in a while
but guys, view them out of curiosity, I won't put too much energy into them. Focus on price action, patterns, and a few indicators that you might use.
the guys who are always looking for that next holy grail indicator never settle on something and master it, and thus end up never making any money.
plus if you think about - there's nothing magical about those programs trying to generate EW signals. They use technical indicators to try and have it guess what the pattern is - which will never ever be as good as you doing it yourself. It's just like those programs that try to identify stock patterns like coils, flags, inverse H&S patterns - they will find some of them, and they will miss identifying tons of them, miss them all together etc. Those EW programs I've looked at, they all constantly change their counts as well - ha kind of like a lot of Elliot Wavers do
A funny thing about those
Posted by brophy on 22nd of Sep 2022 at 04:04 pm
A funny thing about those auto Elliot Waves. They always work. Until you put money behind them.
Posted by timebandit on 22nd of Sep 2022 at 04:14 pm
Posted by DigiNomad on 22nd of Sep 2022 at 03:52 pm
That's a good target, too...on
Posted by brophy on 22nd of Sep 2022 at 01:03 pm
That's a good target, too...on the way down.
Interesting and very nice trades
Posted by retirefire on 22nd of Sep 2022 at 12:33 pm
Interesting and very nice trades off highlighted areas. Are they anything like supply/demand zones?
As I said those are
Posted by brophy on 22nd of Sep 2022 at 01:04 pm
As I said those are proprietary to that trader, but I believe they were MOBs of which he changed the name after they were tagged.
But also note that MACD
Posted by brophy on 22nd of Sep 2022 at 01:06 pm
But also note that MACD forming a divergence meaning there will be no direct route down there, IMO.