I heard in a chatroom about Wave 59 technology it seems it is a new software and there is no rating in ET . Would like to know if anybody is using it .and what are your thoughts about it thanks Mark
I use Wave59 and find it somewhat magical in its techniques. The reason I like it is the totally different approach it takes to analyzing markets.... from genetic algorithms to composite cycle techniques... this software never ceases to amaze me. The feedback I get from clients is very positive Disclosure: Prime-Line is available as an add-in for Wave59.
I used to use it. I'm a scalper, and it's better for swing or position trading. The astrology features are interesting, especially liked the Bradley Siderograph. I switched to NeoTicker. Most flexible charting program I've found.
I looked at it a couple of years ago, prior to when it worked on my MetaStock data. It's a "technician's program", basically looking for about 5 things... such as, overbought/oversold oscillator, support/resistance line, fib relationship, and a couple of others. Where there is a confluence of 3 or 4 of the "things", that's where you look for reversal... with a stop. My impression was that it should be good for 60% winners, maybe more.
Thank you for the information it seems it is an interesting software , I may try the one month trial . Mark