[Tasuki]

Hi folks,
Criminy, it's been a dog's age since I've been on Traders Lab. Hope you're all surviving the volatility with your accounts intact!
Anyway, a friend of mine is thinking of purchasing and using the specialty indicators provided by a company called emini-watch.com. No reviews of them in the review section, and only a couple of random posts with no useable info. So, maybe nobody uses these indicators, but if there are folks on Traders Lab who have tried the indicators, I'd like to know what they think. Are they worth $425? Are they worth anything at all?
Thanks,
Tasuki

[TheNegotiator]

I have heard of them but can't give you any feedback I'm afraid. All I would say is I would be very wary of parting with money for an indicator unless I knew exactly how it worked.

[zdo]

Tasuki,

Dude! where have you been?

re emini watch
Nothing ‘wrong’ with these products. Reasonably priced.
but…
Are the “Better_” ‘s really better?
Better Sine Wave… it’s going to have to be tremendously better to overcome the over- simplification of ‘sine wave’ crap to begin with…
randomly it will be in-synch (like in the cherry picking screenshots) about 10% of the time …not to mention lag… and not to mention….
ie it may be a better sine wave, but it will always be a very, very stupid solution for cycles work.

Better Volume… He released the code way back when… it’s “better” … but better than what?  … not even better than the most rudimentary VSA, etc

Better Trin… ok. but again. better than what? If one is really into Trin, it’s better to roll your own ‘better’ indicator

Better Momentum… it’s probably not nearly as adaptive as it is billed… ie it’s better sometimes…

Better ProAm … definitely better than nothing… still it’s rudimentary VSA … might be a good place to start but, speaking from experience, ultimately he’ll have to roll his own if he’s really into transaction (size, etc) analysis

Better Trendlines… are better than nothing at all. (… and what happened to the Better Triangles? )

If your friend knows these are the tools he will be using then (for all but a tiny few), they are definitely more cost effective (and easier) to buy than they are to code from scratch.
It’s probably better for him to buy them a la carte instead of the package because most likely will never use more than two of them consistently… I would suggest the last two on the list above have any value at all to the noob or developing trader…

zdo

[Tasuki]

Thanks, zdo, your analysis is most helpful!
To answer your question, I dropped out of Traders Lab during the conflict that erupted a couple of years ago regarding VSA. There were alot of childish posts at that time, and I just got fed up with the nonsense. Recently, I've been keeping up with my VSA through the free weekly emails done by Todd Krueger. Pretty good stuff. Todd also brings in Wyckoff, which is helpful, and adds some new elements from his own trading. Wyckoff is ancient, of course, and some of what he talks about doesn't work any more. The very best stuff I've found, however, is on Tim Morge's Market Geometry website. Tim's not a very nice fellow, but if I were carrying around as many diseases as he has, my mood would be far fouler, I'm pretty sure. But he and Shane, his partner, have the best educational stuff on the markets. IMHO. They're all into structure, which is very cool stuff, because it works in tandem with VSA and/or indicators. The fact that they can make money without indicators, or even volume, on their charts, is a testament to their skills at reading the "flow of price" based solely on the structures they see in the market. If you haven't checked it out, I'd recommend it. They have lots of free stuff on their site.
Anyway, thanks again for your thoughtful reply! Happy trade-hunting to you!
Tasuki

[proemini]

Thanks, zdo! that's really a analysis! Keep it up!

Best regards,

[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) 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.

[jazzyjrfl]

I am an avid user of the emini-watch.com indicators and would recommend that anyone interested in them should watch all the videos that are linked to the emini-watch.com page.

Only after watching the videos and seeing how they are used in real-time to determine good entry and exit points can you compare them to your current indicators/methods to see if this other way of viewing market direction will give you a better edge than you currently have.

[chubbardo]

Use the indicators. Better than what is a good question. What I don't like about the method is the lack of explanation on how to use them effectively. A trade plan is needed. It's also very discretionary, so they are not really a system more like something to add to your own style of trading. I like the ProAm churn bars for spotting high volume orders and value this. The others I just haven't managed to use effectively. Are they worth the dosh... depends on your financial situation I guess. For me they help be in sync with the price ebb and flow. Considering it will cost 200-300$ to get something coded I think the price is ok.