[jazzyjrfl]

I also want to add that Better SineWave is based on the Hilbert Transform. You can read about it's application to financial markets here The use of the Hilbert transform in market cycle analysis.

Before using the Better SineWave, I read and reread Ehlers several times and then attempted to write the indicator myself. However, since I do not possess a Phd in Math, I found myself pretty frustrated and after about 2 weeks, gave up on this effort.

I also realized that the Better SineWave has taken the Hilbert Transform and specialized it for day trading purposes by adding price confirmation.

[anituchka]

Originally Posted by Goldfish »

I've downloaded a few indicators from BigMikeTrading website for free. However, BMT has now blocked downloads, unless you are an Elite Member, (USD50 a year) because various companies/individuals were flogging them for lots of $$$ & it was causing angst.

Dont know about Emini-watch indicators -am checking them out now. Not sure what a "Better Trend Line" is! You just need to learn how to draw them correctly ! And learn Tom de Mark Trendline drawing - it can be hard work but worth it.

I use very few indicators, but one particular indicator from BMT that does exceptionally well for me, is the "anaSuperTrend" (line) indicator. Pullbacks respect it & usually power off it...while retracements do the same.

Look for good free stuff before you pay, is my take on them.

BMT elite forum is $50 ONE time payment, not annually. And it's well worth it..

[joshdance]

Originally Posted by Goldfish »

BMT has now blocked downloads, unless you are an Elite Member, (USD50 a year)

Moderators, could you possibly edit this user's post to reflect the accurate information, which is a ONE TIME fee of $50? I hate to see people post inaccurate information and not care enough to correct it.

[z07s3v]

To all emini-watch "better indicators" practitioners out there..

I just finished watching latest video. Any idea what Barry was looking at when he decided to go short? I know it was the "icebreaker" trade but I waited because of the flush on 1500, sell exhaustion, pros exit and bullish divergence on 500. Plus I was waiting for the economic #s to come out. I ended up taking my 1st trade @ 8:50 CST. Sometimes Barry will go against the signals because he has the ability to read the market so well but I'm still trying to figure out what he's looking at when he's going against the signals. I know the 4500 tick bar chart is in a trend move and we should be watching for the pull back but how did he know the index was making a pull back @ that moment?

My 2nd question is that how did Barry know to hold this trade the entire time? I only managed to get 1.75 pts but he was able to sit through the majority of that move.

Thanks!

[Goldfish]

Originally Posted by joshdance »

Moderators, could you possibly edit this user's post to reflect the accurate information, which is a ONE TIME fee of $50? I hate to see people post inaccurate information and not care enough to correct it.

My apologies for posting something which is inaccurate - I thought it was $50 anually and it was just a matter of reading BMT website info too fast. I'm very happy about that.

Also, its not about "not caring"...I simply missed the previous post about it. Thanks for bringing the error to my attention.

[steve46]

Just for the heck of it, I took a look at the site...I think the gentleman has the right idea as to how the market works generally. As to whether the indicators are "better" or just crap I really don't know....

Regarding the Hilbert Transform and John Ehlers, well his system (Ehlers) has been reviewed by Future's Truth I believe, so you can get a bit more info about the concept there....and you might want to check as how to the systems Ehlers designed based on that concept have done over the passed few years. There should be a track record available to the public. I am also skeptical about the gentleman's claim that he has "improved" Ehler's basic concept...He certainly talks a good game but whether he has the math and programming skills to do that is from my point of view unproven...

Regarding the other indicators I am somewhat skeptical...I do the same thing without having to resort to any indicators and I get the job done very nicely...If they work at all what you are payng for it seems to me, is the convenience of not having to take the time to learn how to recognize those signals using freely available data. Personally if they work, I would be all for it, because it took me several years to learn it on my own...so thats quite a savings in time alone.....again I will repeat I am skeptical because most "shortcuts" to success don't' work out well....

[z07s3v]

steve46,

Thank you for the information regarding Hilbert Transform and John Ehlers. I will definitely try to research that a bit more.

How did you go about learning to do the same thing without indicators? I've been actively trying to learn tape reading. I use camtasia to record the DOM each day and try to watch it but I find it extremely difficult. I don't expect to get it in a couple of weeks but hoping it will start to make sense if I do it for 6 months. I got the idea after reading nobsdaytrading book written by John Grady. Any suggestions on how to learn about interpreting volume and tick size?

Thank you!

[joshdance]

Originally Posted by z07s3v »

Any idea what Barry was looking at when he decided to go short?

Any number of things z07 -- check over the in the "Day Trading the E-Mini Futures" thread here on TL and you'll see that I was also very bearish at the same time, and if you read the posts you'll see why: selling right off the open, very little market buying, mostly selling. Secondly, early release 9:42 chicago number was bearish, and market sold strongly. 9:55 revised michigan number above expectations, market tried but did not respond very favorably. That alone tells a large part of the story. News does matter; or rather, the market's reaction to news. Basically, who in the first half hour had the tougher time, and who had the easier route? Lower lows, and lower highs. Very little market buying. Adds up to a reasonable possibility of a good short doesn't it?

Originally Posted by z07s3v »

Sometimes Barry will go against the signals because he has the ability to read the market so well but I'm still trying to figure out what he's looking at when he's going against the signals.

You kind of answer your own question here z07 -- he has the ability to read the market (apparently; I don't really know). So, who needs a signal?

Originally Posted by z07s3v »

I know the 4500 tick bar chart is in a trend move and we should be watching for the pull back but how did he know the index was making a pull back @ that moment?

He did not know it was making a pullback. He didn't KNOW anything more than anyone else watching.

Originally Posted by z07s3v »

My 2nd question is that how did Barry know to hold this trade the entire time? I only managed to get 1.75 pts but he was able to sit through the majority of that move.

The recurring theme here is the word "know" -- he didn't KNOW anything. He saw that the market was moving down, and he was on board. He exited when he thought the market might be prepping for a reversal, and it turns out he was profitable. You'll notice that he did not short at the very top, and did not exit at the very bottom, but caught a chunk in the middle.

Unfortunately, what you seem to be seeking is some special knowledge, information, or interpretation that can only come with repeated observation of the market. Even those who are very good still work in the realm of uncertainty; nothing is guaranteed or known.

As for the "better" indicators, or any indicators, the danger is exactly in what you seem to be doing now: giving your focus to them, instead of what the market is actually doing. Barry no doubt knows how to put his own indicators into context. You, however, along with many who buy them, no doubt, have little context surrounding them, and thus you are looking for the "signal" from a blue bar, a cyan dot, or something else, when in fact the answer is in the context itself.