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Testimonials

Below is a sampling of some of the many unsolicited testimonials we recieve from happy customers. To protect the privacy of our clients, we have reduced the full names to initials. The newest testimonials are at the bottom of the page, the oldest at the top.

 

FOP is great... i set the UP fractal and sold ES H2 at 1123(at end of fractal) got out at the bottom of the DOWN fractal at 1076. natal forecast was good and smartmoney/dumbmoney is always a winner. THANKS, FC

*****

I believe that people like yourselves are doing extraordinary work in the futures business and would also like to tell you that I made $4000 profit today on the S&P based on your forecast and $15000 in the past week and a half.
MB

*****

What i have looked at so far is impressive. My initial thoughts are that you have something exceptional that can be very beneficial to experienced cycle or timing traders like myself. The less experienced probably run into trading or interpretive problems and get discouraged or blown out.. Unfortunately I have a number of deadlines, overdue and approaching, that will tie me up for another two weeks or so. Once done, I plan on diving into your material...Your work is the most exciting I have seen for years.
WB

*****

Your continued support is deeply appreciated. I have never come across a developer that provides such dedicated technical support.
BW

*****

Fantastic work Erik. I checked out the down load area as you suggested.
You have raised the bar on trading programs. Work fast my friend.
B

*****

started using your software yesterday.
i kinda got it set-up to where it works for me,..
had a good day, i was up 42.50 points, trading 10 emini, 5 trades
RC

*****

From everything I've seen, this is the best software ever produced.
PF

*****

Erik, I just went out to your web pages a few times and spent about an hour trying to absorb the content and come to a decision about purchase (rent). Just one word comes to mind........"JEEZO PETE, HOLY MOLY, TRADESTATION..... MOVE THE F__K OVER!"
KM

*****

I'm still absolutely amazed at the accuracy of natal forecast and your other propriatary indicators. Man, keep up the good work. All updates working slick!
H

*****

Well, I haven't seen another momentum indicator perform like your and in my TS
I have plenty of them... As for exhaustion bars, they do their job, sure are not the holy grail but
properly used can help in identifying turning points... I want to thank you again for your unusual availability, I hardly remember any american like that. most of all you don't seem to be there only to sell something.
FB

*****

I just thought I would pass this along to you. The pivots [Exhaustion Bars] were RIGHT ON today. We had an absolutely terrific day. I think I can get used to them!!!

Best,
CR

*****

"I'm really impressed... I have now realized what is really possible with your developments..."
LM

*****

Hi Erik, a very impressive day!!! The market, although inverted, turned right on time. Keep up the good work!!!!
MM

*****

You have a great product with wave59 and it should be recognize for what it is. I cannot think of any other software for trading at this point in time that has more sophisticated tools and vast number of features as your creation. Plus Wave59 keep evolving with more and more sophistication that are rally usefull for trader. Keep up the good work.
PS

*****

9-5 called a short breakout on PMCS at 17.79 and it is now 17.36. This is really cool! Just thought you would like to know...:)
TR

*****

Well either I was real luck today or SQ9 is awesome. At 9:30 am et I predicted the hi or low would be 1504/1455 on the E-nq. It was right on, let's see if I can do it again.
JG

*****

Erik this is an INCREDIBLE product. I use the Natal Forecast with [...] and it's amazing how closely the Dow follows this track. I've tested it back to the beginning of this year with a few basic rules I devised and it shows 22 wins and 5 losses. I can't get as good results with the Nasdaq though. Perhaps I need to experiment with some other planets and such.
I was also extremely impressed with your Ultra Smooth Momentum Indicator. I can't tell you the number of times that I've been burned by trying to use divergence in indicators like regular momentum and MACD!
I'd appreciate any pointers you could send along regarding Astrology and market timing. Thank you for an excellent product!
Sincerely,
FT

*****

finding time/price locations with square of 9, ephemeris,and using pattern tools: fib vortex and FOP is amazing.
most of the time i know when and where price will be the night before i put on a trade and how many 8min bars i have before i get out. figuring out how far the trade will go i have not perfected. a lot of times it blows right through the pre determined exit levels so i make more money which is just fine. i always exit by the time i've reached my projected bar count. it is really a little un nerving to have this kind of clarity in the markets.
thanks for these wonderful tools and the adventure i'm on!
sincerely, FC

*****

Hi Erik,
Taking a while to adapt to Lomb, and ultra smooth. Wanted to share something really neat though. End of day, about to go long indicators and divergence said yes. But I was slow to get in so was looking for good entry and it started to retrace down, so I waited.. I got the fib vortex up and aligned, earlier, and it hadn't reached the projected high. As I watched the mkt. come down, and it was cool because I was half expecting this, It landed on the axis line and followed it right up, finishing right at the anticipated high on a curved line. Wow spooky...My trading friend think I am nuts...But I am starting to trust this thing...I switched to es so I could use the easier , your guidance, on the 12 x3 scaling....Just wanted to share my amazement..all the best DF

*****

Thanks Erik, I am pretty impressed with your program. It can keep you on
the right side of the market, and you know when to look for turning points.

Thanks again,
MM

*****

This is an amazing program, it is changing my life!
F

*****

I'm absolutely amazed at your program and indicators. It certainly is a pleasure to have the advance indication of market direction. Nobody else has got that, that I'm aware of. Good luck on your marketing efforts as you well deserve all the success I'm sure you're going to have.
HB

*****

Also wanted to let you know that I have tried several software programs and also plug in's for
Tradestation. I can't tell you how much I like wave59 in just the one week I've utilized it for trading.
RG

*****

Just a quick word to tell you that your soft is great and offers more than other programs in the market.
PC

*****

This is WILD!
What a great tool for the NQ!!!
Thanks, this program is the best I’ve ever used, keep it coming, but maybe you want to rename it to “ATM”! lol
SH

*****

[The following was in response to a question posted in the discussion group]

Yes this program delivers what is promised and more.

Yes you can make loads of money using the unique tools in this
program.

I make money on 8 or 9 out of 10 setups / trades (mostly i get stopped
out early and have to get back in)

i started trading with system writer in the early 90's
i have every product Omega res. has put out including
prosuite 2000i and the online ver. tradestation 6

W59 IS UNIQUE!!!

you can not find a program with this collection
of tools. they give you an edge.

to be a trader you have to find how YOU trade. the program is only a
tool but what a tool!!! if you can't develop a winning technique with
this program you probably should not be a trader.

go to wave59.com find the "weekly showcase" print these out and STUDY
them. you will find techniques that are truly amazing.

this program's strengths are in DAY TRADING it is NOT designed for
long term position trading.

I would buy this program just for the intraday natal forecast.

the ephemeris, square of nine,and drawing tools are the most unusual
and powerful features in the program. when you learn how to use them
they will predict FUTURE time and price windows where trades will
occur. you dont chase price you let it come to you, when it does
your dead right and your trade will be a winner!

the clarity that this program can give you about price movement is
incredible. i feel that i have an unfair advantage, TRADING HAS NEVER
BEEN EASIER or more enjoyable.

forget about the money in the markets and just let this program
teach you how the markets really work. the money is just a by-product
of your knowledge...HAVE FUN along the way! (this is not work it's
play):)

how long does it take to become a doctor? get an MBA? become a
certified auto mechanic? trading is no different. IT IS NOT QUICK EASY
MONEY!

when you really are not worried about money, and are totally immersed
in W59, feel very comfortable with what you see on the
screen, you know when you have a trade with out a doubt, you are
probably ready to start trading with this program.

PLEASE USE PROTECTIVE STOPS when you enter a trade, but give price
enough room to move...THANKS! .....OK! OK! i hear you! i'll get off my
soap box now!

frank c.

*****

Hi Erik

These tools are great, I fit some of the tools to Comex Gold and they fit great. The vortex is superb! I don't know how to use Sq. of 9 yet and many other tools, it seems like a full time job, there are so many to learn. The 9/5 is on the money. and the little dots work good.

People who don't have tools like these are trading blind, and they will get ticked out of a good position time and again. As far as the astro tools go, I used the wave generated out of nasa data on the exchange location and the one that shows the red and blue lines crossing each other. The date I used was a logical one since I don't know the actual, "...", and it seems to fit very well. I used other dates that did not fit as well. In fact it fit the gold daily right to the notch when I slid the chart up and down with the big hand. I guess cosmic logic is true logic, and unencumbered by worldly emotion. Like a pilot suffering from vertigo, you must trust your indicators! When your winning position is high flying on a long and your emotions have been wiped up and down you need a navigator to tell you where your at. Of course you know all of this, but don't you like it when someone discovers what you are trying to do for them.

Thanks for these very nice tools!

TZ

*****

Wave59 is the single best trading software I have ever seen, period. If you can't make money with these indicators, most of which are not available anywhere else, you shouldn't be trading. As far as I am concerned, it is the Holy Grail.

DV

*****

Dear Erik

I just wanted to thank you again for your help and let you know that everything is going great.... I applied the tools and indicators to past data and tried to assess where I would go long or short as paper trade and the accuracy is amazing. My best surprise is the Natal forecast - I remember that at the first days after finding out about your software I was very excited, but I almost didn't even wanted to read about the Natal forecast. But now I fall in love with this indicator more and more from day to day.

Thanks.

Sincerely Yours
R

*****

By the way, I really like your software. I've traded for a few years using many different software and yours is the best so far. I'm very pleased with what I use and I don't even use half of what you have to offer!

Keep up the good work!
DV

*****

Hi Erik,
I have been trying and using Wave59 and found it is the most stunning software in the world even just using few indicators.....
DF

*****

...Any ways I think I'll stick around while you keep making a product that is already very powerful, even better and more exciting. My hat is off to you and I extend a nice thank you for what you have done already.
RJ

*****

I gotta tell you this is the most useful tool I have ever used I wish I knew about it 5 years ago when started trading it could have saved me a bundle
KB

*****

For the first time ever, I'm able to stay on the right side of the market. Your AMA's are incredible! Combined with Ultra smooth it's a killer!!
JB

*****

It [9-5 Count] has to be the greatest indicator of all time. I congratulate you on your work.
RW

*****

I can't believe that between the ultra smooth momentum, the lomb periodogram and the exhaustion bars and 9/5, all the soybean turns at the major turns of the chart were picked off!!!!!!!
P

*****

...In any case thanks for the help. If I sounded a bit urgent in my messages it's because I wouldn't even think of trading without Wave59 now. A testament in itself about your program. Believe me when I say I have used a lot of them in the past. From GET RT, to Elliot Wave Analyzer (and others). They don't even come close to W59.
JG

*****

Just a short note to let you know I am enjoying all of the indicators which you have sent me. You and your organization have done a great job on developing and programming these gems! Thanks.

Yours very truly,
M

*****

Wave 59 is amazing! First I thought it was pure luck, but it is not................so a lot of money has become mine, the last days.......
WM

*****

As I said before your software "ROCKS".
The best out there and I've tried them all.
AM

*****

I am very impressed with Wave59. It's an awesome piece of software. I will not trade again without it. I have given the Wave59 a pretty good workout each night during this month of February [...] The tools you've designed into Wave59 are uncanny in their ability to pick turning points.
RB

*****

Yesterday was my first trading day using your innovative indicators, and I was very pleased, and somewhat amazed at their combined value for timing trades. After I tune up my knowledge and instincive read on them, it seems that it can only improve. Congratulations on your hard work and innovative genius.
RK

*****

Dear Erik:

I received your book: Volume #1 this weekend, and am still reading it.

I sincerely mean this: I have a huge collection of market books which cost me a small fortune over the years. This book is superior in every respect to all the others. It is a pleasure to read. It is as if a teacher has lifted the veil and revealed what you have to know to make money in the market.

The price would be cheap and a bargain if it were $1000.00

I can't wait for the rest of the series!!!!!!

I can't thank you enough.

Sincerely,
PB

*****

Wave59 is great. I was using Metastock and was having a great deal of trouble getting things done. There were things I wanted to do because I was recognizing time price relationships that I could not manage with their tools. Especially with their lack of proper chart scaling tools. The Lomb Periodogram and the Fibonacci Vortex are amazing in their accuracy. I'm using them on 1 minute e-mini S&P charts. The Lomb, even when it isn't accurate, is keeping me out of some potentially losing trades by watching the probability histogram. Thanks for the great work.
RM

*****

Erik –
Just want to say, your program rocks. I am a new user. I was referred by Yank. At first I didn’t believe this stuff would work the way it does, but I do now. Thanks for making a program like this.
C

*****

I got book you send me. Thank you very much! :-)) This book is packed with great information. I am very happy to receive it You are so kind to share your wave 59 program and knowledge to us. I am look forward to buying your 2nd book.
MY

*****

I just signed up last week and have to say this is the most amazing software I have ever seen - there are so many fantastic tools - you must be a total genius to put all this together. I just received the book on the technical operators yesterday and found that really interesting and most helpful - I am really looking forward now to your next book - when do you hope to have it published?
DT

*****

Your software is all I need and it's great. By the way, all my friends think I lost it when I told them about this hocus-pocus software. Talk about the hoots and howls. But..........guess who's laughing now. Really good stuff you know.
D

*****

I have only had wave59 for a day and a bit, but have already set up a 5 min chart and added quite a number of indicators. I don't need to tell you, I'm sure, that wave59 is so far in front (of what I had been using) it isn't funny. There were about 6 divergences from the super smooth momentum indicator alone over a matter of hours, whereas with the online chart I have been using, only 2 were detectable, but with so much noise that I would have queried them anyway. Combined with the EX bars and the 9-5 count (these act to confirm each another) all these trades were workable - AND profitable. Add the Gann fan and the Fib. vortex, which I did after getting the scaling right, and that just added to the confirmations.

At long last it seems that with wave59 I will be able to turn a profit with a high degree of certainty in trading, instead of just hoping that my analysis from old indicators would work.

Apologies for the bit of rambling, but I guess you get that from most newbies.

Thanks
JS

*****

I am astounded by the complexity of your program. My husband is a programmer and also says "WOW". He tells me that there is no way I will appreciate how much hard work went into this program.

I did get esignal downloaded so I have data to work with....now to try and
learn even half of all the goodies that you offer.

Thanks so much for taking the time to write this program and I hope you end
up making a ton of money from it.

P

*****

Your indicators were loaded yesterday and first look and reading the instructions has you as some sort of genius in my eyes. The indicators are brilliant in concept to actuality on the charts.

JD

*****

hi, Dear Earik..
After studying the wave59 for the last 2 weeks, what i have looked at so far is impressive and I'm sure that I still in basic level of using it, This is an amazing program, and I'm sure that it will changing my life soon ! [...] Your work gives me the feeling that there is nothing random in this life, extraordinary work... thank you so much for making it simple to view..

UJ

*****

Just want to tell you that your Action Zone is fantastic. It delineates the day high and low most of the time. And many often it is the exact day's high or low. When the boundary is broken, it becomes an important resistance or support line.

E

*****

[Note: This was in response to a question posted on the list: "Is anyone making money with this software?"]

Believe me, this is best trading software ever available to private
trader. If you make money or not is actually matter of your research, discipline
and trading plan.

Regards,
F

PS. I do make money with it. Lots of money. Every single trading day.

*****

Earik,

I have been testing this for only a few days and realize the value of your
work! I have been trading futures for the last 10 yrs, and trading full-time
for a living for the last 4 yrs (day trade as well as posn trade) and have
seen a lot of methods/procedures come and go with big claims of success but
very little "meat".

I congratulate you on your product, the quality, efficiency and the price. A
big thank you from the bottom of my heart.

AB

*****

By the way, I really love this software you wrote. Amazing. And your book is really helping me use it better!

Thank you,

MM

*****

hey earik....

just a letter of compliment.....happen to be checking out your system short while back and noticed the uncanny shape of the natal forecast for yesterday and what actually happenned...........also the 9's and 5's were setting up for a buy which was supported by the cci which i watch alot

very interesting stuff here!

thks DT

*****

I'm REALLY enjoying your software. I'll try to avoid the usual refrain, "you're a genius," but that's got to be the truth. You must really be proud of your work. I know I would be.

M

*****

Dear Earik Beann,

At the end of the free trial I must thank you for your work. The Wave59 really works. I did some paper trading with good results. I have tried earlier eight different forecasting internet services and the Wave59 was the first one where I reached positive balance though on paper only. [...] Continue the same way. Once more receive my thanks.

Yours VK

*****

Thank you very much for making this avibable for lease that works for me!=) And thank you for making your product one of the very best i have tried . Im now cranking out alot more winning trades than i ever had . And soon i think i will have the bragging rights of calling myself a pro with this software. You have something better than Advanced Get here keep up the good work i leased Get but it almost seems like it lags the market or maybe it that awfull high price that just was killing me . Thank you for making your software trading solution and offordable reality. And heck i only live in Utah i might find myself in CO shaking your hand someday i think thats where u guys are form right? Well anyway you deserve all the good credit your recierving for this software i cant imagine anyone having somthing bad to say about this software package unless they simply do not know how to use it period. Your software is a God send and God bless and God speed be with you and protect you and your staff form harm as we have seen with todays terroist attack not even trains are safe no more . I give to charitys when i win i help the poor!!!=)

Customer 4 life
DD

*****

Hey Earik,

I just saw my first properly set up Fib Vortex - Incredible! Between this and what I've seen with Natal Forecast I'm blown away.

TJ

*****

Hi Earik

I must say I would not have believed the close cohesion between daily price movements and both the Fibonacci Vortex and the Natal Forecast unless I had witnessed them both myself during live trading. The vortex acts like a magnet whichever way I set it up even when I carry my chart over to the next day and the Natal reading has been uncannily accurate three days out of four so far!! Brilliant!

Now I just need to sort out my data feed and get a better handle on how to interpret the key reversal signals but the Wave59 software is so good I think it is basically just going to come down to me having the guts to pull the trigger when the indicators say so!

Thanks again and regards

RP

*****

Earik,

I got your software installed yesterday and spent several hours enjoying it.

Earik, this is BY FAR, the most powerful trading program I have ever seen.
I started using trading software in 1987 and have either looked at or actually used many programs since that time. Your program has them ALL beat by a country mile and that comment comes from someone who has been trading the futures markets since 1958.

Thanks again for your program. I LOVE IT.

Best regards,

TS

*****

Good Day,

This is perhaps the best software on the market today. I've enjoyed my trial period a lot. My wife and I will be traveling most of the summer and into the early fall. I will contact you when I return to active trading late this year.

Thanks,

T

*****

I now realise that I have made a mistake in cancelling my account with Wave59. I have tried other systems and none of them can match Wave59. Could you please reactivate my account.

Thank you,
FJ

*****

BTW, I'd like to take a moment to congratulate you on an astonishing software package -- one that I've already found useful even in this "mystery market". ;-) I'm very much looking forward to volume 2 of Trading with Wave59. (Volume 1 is a great read, by the way!)

Thanks again for a truly innovative toolset!

PM

*****

[...] P.S.  I think that this software is absolutely BRILLIANT!!! After much experimenting, I have found my secret harmonics set-up and the market tracks the Natal like a dream!

MK

*****

By the way I would like to add that I'm very very happy about program. I found it almost 100 % proof on 30 and 60 minutes on YM futures. Only this week I made over 300 points. Keep it going.

LD

*****

Earik,

I love your program. I downloaded it today and used your 9-5, 123 exhaustion, smooth mom, and lomb period to confirm my 3 ema cross with aroons and two price oscillators. Very nice. [...] As a software engineer for the last ten years and having a B.S. in Mathematics, I must say you have done a great job with this program.

MT

*****

I have been a trader for many years and have never seen anything comparable to the Fibvortex, it is truly amazing. We have had one losing day trading since July 18. [...] If there is anything I can do to help promote Wave59 just let me know. Thanks again for developing Wave59.

PF

*****

The live results and back testing with regard to my methodology seem, at this point appear to allow me to improve my point take by roughly 25% with the Wave59 Software- Both with better management inside trades and keeping me out of bad ones....

JP

*****

[...]

P.S. I received the first 2 books I ordered, Trading with Wave59 and The Fibonacci Vortex Handbook. I finished reading Trading with Wave59. I loved it!

It will take awhile to go through and try to implement the Fibonacci one! You have been very exacting, and should be complimented on your excellent work!! As far as I can see the software is unsurpassed by any, including Nexgen.

Paper trading with Wave 59 is like magic compared with the old indicators that many courses and so called Super Traders like John Carter and Don Miller use. I have spent thousands of dollars on seminars and live trading courses at the Marriott Hotel. All of them use old 100 year old indicators and a lot of scam, plus when you meet them, they are very arrogant, and boast about trading 19 contracts at a time. All I have been doing is loosing money off and on all year!

CL

*****

The FibVortex is an astounding tool!! You are a genius - thanks for thinking of it!

Regards,

RL

*****

Hi Earik,

First night of live-trading the EUR/USD on a 15' time-frame.

3 Wins / One loss (got greedy and gave some back).
Account up 4% on minimal risk.

I'm a Wave59 convert.

Regards,
K

*****

...Incidentally, your vortex book is one of the best-written trading books I've ever bought--concise, clear, and to the point. If you ever put out more on the vortex, I'd like to purchase that as well.

RO

*****

[This message is from a post on our bulletin board - Ed.]

kbinns,

A while back I came across Wave59, I did not want to spend the extra money for another charting service since I had a platform with a chart on it. I finally broke down and tried Wave59 for the free month and used IQFeed as the realtime chart feed. Earik has been wonderful at helping me get set up. I use indicators through Wave59 that other charting services wish they had. Month after month, my bottom financial line before Wave59 was basically a break even situation. Now, I am making money. I have forever been told that less than 1% of the traders out there truly consistantly make money. It was not because I was not working hard enough before, because I would be on the computer all day and part of the evening until I was tired looking at charts. The problem was not my knowledge of the market, it was that I was using indicators that everyone else was using. Those indicators do not work as they are! Just think for a minute, why are less than 1% of traders consistantly profitable if everyone is using the same indicators? The answer is so simple that it is a slap in the face. They are using indicators that are different. Wave59 provides those different indicators. And in my case, if Wave59 does not have the exact indicator that fits your trading style, Earik will help guide you in the right direction so you can develop your own indicators. YES... Wave59 software allows you to develop your own indicators.

So... Is the price of Wave59 and the price of IQFeed worth it? In my case where this is my only income, the answer is YES! If you are truely happy with the income you are making from trading the way you are presently trading, then you should stay with the charts you presently have.

If you are wondering why I am endorsing Wave59, it is because I am NOW making money from the market. Very few can truly say that. I am not trying to brag about making money, the point is that it took Wave59 to do it. Of all the different things I have done in life and all the education I have, I can say that trading is the hardest way I ever had to make money. It takes every legal advantage you can get!

T

*****

Earik,

Hope all is well with you. Just wanted to pass along another round of thanks - the edge/system I have developed with Wave59 is incredibly dependable and has given me the most profitable week of my life.

[...]

One of the principles of my former business life was to catch people doing things right…chalk up my feedback to that or maybe it's just the fact that I sit here day after day making money all by myself with no one to share it with besides my wife (and of course we know what she does with it!)

For what it's worth, I consider the system I have to be relatively basic with the differentiating factor being that it’s built primarily on indicators you have with Wave59 that most traders using conventional indicators do not have access to.

Anyhow - have a great weekend and keep up the great work!

RL

*****

I thought this day would never come!! Thanks Wave 59!!

PJ

*****

Many thanks and congratulations on producing some of the best software I have worked with after spending the best part of $10K in 6 months -the 9/5 and exhaustion bars are amazingly accurate with the 3 min NQ and ES charts .

PB

*****

[This was in response to a question posted on the email list about the merits of W59 - Ed.]

....Over the past 15 years, I have used Metastock, TS, QCharts, ... you name it! Wave59 is simply the most powerful, versatile, PRACTICAL charting software I have found.

With Wave59, I have developed my own custom indicators, combined neural nets with automated trading systems, spanned indicators across multiple time frame charts to consolidate trading signals into a single system trigger point, set up relatively painless trading system backtesting capabilities on 5 years' worth of 5 minute charting data. If you can imagine it, Wave59 can most likely help you make it a reality.

I can honestly say that Wave59 will be my software of choice for the rest of my trading career.

Good trading to you,
K

*****

I'm thankful for this great software - amazing stuff. Thanks for your vision.

Cheers,
K

*****

[Ed: This was written by a Wave59 user in response to questions posted on the email list by a prospective customer]

--Are you happy with the program? Disappointed? Somewhere in between?

Yes. It is still under development, so there are enhancements being added often. The program writer seems responsive to requests, which is truly rare (I've been trading 20 years, have developed my own systems and indicators, some of which have been published). When I emailed Earik about a potential issue, he telephoned me to sort it out - but it turned out to be a non-issue. How often do you see service like that?


--Are you able to make it work for you in the manner you hoped it would when you started using it?

Yes. I used the 30 day trial to shake down the software, and I was very pleased with the particular indicators I wanted to use, primarily the Chart Squaring, Gann Fans, Fibonacci tools, and Counters, which I have used manully for years. It greatly reduces the time I need to do my forecasts.


--How steep have you experienced the learning curve to be? (especially the fib vortex)

The learning curve for the indicators is not long at all, just read the help files. It helps if you already understand the value, use and limitations of the technique e.g. Gann Fans, Fib Numbers etc. The Scripting Language is simple, but I would really like to see more examples and standard scripts. I hate learning new languages, and I learn best by examples rather than instructions. I had no problem writing my own custom indicators in the script, and the one I could not figure out, Earik said to email it to him and he would help me out with it. As for the Neural Net, I haven't even begun to try it out. WHile I don't like to have to pay for another group in order to learn it well and get the examples, I realize these guys have to make a living too - so when I see the need to systemetize my indicators I will join the group and pay up. The fees are reasonable for specific tasks, and I would think that 2-3 months would be sufficient to get a good grip on NN programming. The key I think is having a combination of indicators that show promise as a system. The Fib Vortex is not difficult to use, but you have to use it properly for what it was intended. Some traders (I am discerning this from the trades they have posted) use it for reversal trades and without a plan. It wasn't meant for that (used alone). It is great for forecasting where price may bounce, and may turn, but eventually, all the lines will be broken as price exceeds the size of the vortex. Exactly where it will break is not knowable. It is a great tool for setting price targets for entry or exit which are based upon a good plan. It is not by itself a forecaster of turns. The angles it generates are great, and when you calibrate it exactly, you can kind of tell when it's going to trand change, but not "absolutely." When you change your chart size, the vortex stays the same size. It would be nice to have the option for it to change scale with the chart, or not change scale, but it takes only seconds to resize it.


--Have you found the program's unique indicators to give you the kind of significant edge that is implied on the website and in the download that explains the program?

Really, none of them besides the 5-9 are unique, the principles are taken from the market masters, which in my opinion is great. I have already proven many of the indicators in my own trading experience, like the Gann Fan (most programs do not properly square the chart - which is absolutely necessary for many of the techniques such as fans, angles, fib relationships etc... to work properly -and so many other programs give erroneous results). On the Gann Fans, I would like to be able to calibrate each fan to a price scale (numericaly, by entering the number, rather than by eyeballing the calibration to the first high of the first pullback). (e.g. set the 1x1 to 45 degrees).


--Has anyone consistently applied the "mechanical" system that is offered in the explanatory download? If so, have you been able to do so profitably? Does it generate enough setups (particularly in emini intraday?

No. I have my own setups for e-minis, QQQ, and also Options. I haven't even tried it.


--What in your experience are the program's main strengths? weaknesses (if any)?

Strengths:
Combination of excellent tools (direct and abstract, as I call them)
Ease of application of tools (especially if you read the help files)
Customer Support (none better)
QScripting (easy to learn)
Ability to develop own systems
Reasonable Rental Rates (I have bought packages that I immediately didn't like, so the free trial is excellent, just enough time to prove that it works, and the monthly commitment to rental is great too - no year long subscriptions required)
Ease of use importing free daily data (like from Yahoo!) for daily charts.
Good basic education for Newbies on using advanced techniques (if they read the files, heh heh)

Weaknesses: (I would call them areas for potential improvements)
Needs "Cancel" buttons on indicators, now, if you select one and change your mind, you have to click ok (esc doesn't work) place it on your chart, then go to indicators and delete it. I would like to be able to cancel any operation, not just the ones that already have a cancel button.

Some indicators you cannot set the line width, or color, or it has a reduced color set. I would like more options there.

Some indicators have the same starting point, like a Gann Fan and Fib Retracement Numbers are both at the low. When you try to select one, it often selects the other because the hot-spots are on top of each other. What I have to do is use the towtruck to move one out of the way, set the other, adjust it, then move the original back. It gets tedious when you have three or more indicators starting at the same point. If there were a way to show all the hot spots so you could select the one you want to adjust (perhaps from a pop up list), this would save time and make the program easier to use.

I would like standard oscillators added. I use several different ones to confirm Elliot Waves. It would be easier for me if I didn't have to use two packages to add EW analysis. But most people do not know how to do this and need the full EW software anyway. I can do it just from the Oscillators. (been doing it a long time).

Again, the software is still being developed, and I would expect all these things to be added eventually. In fairness to Earik, I have not yet even mentioned these "potential enhancements" to him.


--Do you think it might be more suited to one trading style more than another? Why?

No. I use it with e-Signal real-time data feed for daytrading e-minis, and I use it with ascii data (daily) for options trading. I trade with different vehicles based upon market conditions. It is well suited to both, if you know what you're doing as a trader.


--Would you recommend Wave59 wholeheartedly? with reservations? not at all?

I think it's a great deal for any trader or wannabe trader. BUT, and this is a BIG BUT; by itself it will not make anyone a profitable trader. No signal or group of signals is 100%. The greater part of trading is planning, and then sticking with a plan. The plan has to included not only the forecast (based on signals) but also money management (Risk control). Most new traders don't yet realize this, and so have unrealistic expectations.

As far as the software alone is concerned, (that means developing good signals and an excellent forecast in a short amount of time) it is probably the best package available (and I have accumulated over $100,000 of software over the years) for one single reason:

Many traders use moving averages, Stochastics, blah blah blah - all types of indicators to try to forecast price movement. None of these types of indicators are really based upon what moves the markets. Therefore they are valuable only to the extent that other traders use them for decision making, and so by using them you can know what most technical traders will do at certain junctures.

The advanced indicators, like Gann Fans, Fibonacci, etc... are based upon what master traders have discovered; the things which affect human emotion (greed/fear/hope) and therefore affect the markets. The former I call "abstract indicators" and the latter I call "direct indicators." If you want to really understand what moves the markets (emotion), and enhance the reliability of your signals, go with the direct indicators - the advanced work of Gann, Bayer and others. Wave59 will help you learn the basics of these advanced techniques, and will enable you to implement them in very short order with a high degree of reliabilty in the correctness of the indicators.

So my answer is qualified; a hearty "Yes!" on recommending the software for developing reliable signals, and "Yes!" for generating a good forecast, based on correct implementation of advanced indicators. But I limit that by saying you still have to be able to create a solid low risk trading plan, be able to control your own emotions and stick to it, and use proper money management, in order to be able to succeed as a trader.


--Your candid comments about any or all of these questions -- or anything at all regarding the software -- will be greatly appreciated!

You're welcome, I hope this candid response helps. Earik, my apologies for saying here what I have not said to you about potential enhancements. But I figure you're covered up with requests, and these just aren't "mission critical" if you know what I mean.

MS

*****

All I can say right now is WOW!!!!

JA

*****

Thanks for taking the time to assist me on your program. I really like some of the unique features you offer. It isn't the same old run of the mill stuff which it seems every body uses and thus you trade like the crowd. I see that as a low probability affair.

BD

*****

Everything is up and running smoothly and caught the low of the day thanks to your software. Thanks for allowing ordinary joes like me to use a fantastic product which probably took you years to develop after you had already spent many years collecting the tools.

MB

*****

Hi Earik,

I have taken another look at the Fib. Vortex. I have to say I fell off my chair when I realized how to use this little machine.
First I squared price then I made my chart area square. When this was completed it all came together.
The Vortex is not a static pattern that you slap on price. It is a time machine that spins with the touch of the "pointer finger" at its center. Once the Vortex is placed and "tuned" it coils / uncoils to the market revealing it's true organic motion. It's simple, elegant, and POWERFUL . It goes beyond trading. The Vortex demonstrates growth in a tangible way. I was actually disoriented as I realized what was happening and watched the market grow through the motion of the Vortex. Everything I knew about trading became static colored lines on the screen...the Vortex is alive!...IT'S ALIVE!!!

Well, I ran and hid in the closet but I'm back now.

All I have to say is...... BRILLIANT ! ABSOLUTELY BRILLIANT!

Thanks for sharing with all of us little people who would not have these experiences that lead to deeper insight. We would surely miss out if you did not leave this stuff laying around to trip over.

sincerely,

F

*****

I do want to tell you what a fantastic, phenomenal program Wave59 is. It is not easy to describe my awe, enthusiasm and pure delight! Thank you for your indefatigable and inspired efforts in making such a truly advanced product available!

Respectfully,
BE

*****

This may be the greatest day-trading program ever devised...

MM

*****

Today i nailed the Russell 2000 emini , Icalled the bottom and the top, by one tick, using your "Vortex Fibonacci Indicator". I called the bottom and the top in a small private room, the guys were amazed, and wanted to nominate me to moderate a large well known room.......lol.

I'm sure Ihave a lot to learn, using your tools, since i am so new to your site, and I look forward to a exciting new venture here at Wave 59.

Thanks , J

*****

By the way I have not had a losing day using my combination of indicators. I am thrilled to go back to my FX sites that send out FX buy and sell signals and know that at least 3 out of 5 days I end up with more pips than they. Often I end up with 80 or so pips and they lost pips. Ureka!!

JW

*****

This is incredible stuff. Credit where credit is due guys..user friendly software (and do I mean friendly) utilising state of the art trading techniques..WOW. I have spent years researching trading and feel your software is the best I have seen, streets ahead of everything else. The esotoric Gann techniques? No problem! Complex astrological techniques! A snap..the icing on the cake? Neural nets for god's sake!! Truly a remarkable effort you guys...Wonderful!

PH

*****

I want to congratulate you on your book "Market Esoterica", it is the best book on trading that I have read. Many thanks for publishing this information.

MS

*****

Hello Earik,

First of all, I recently subscribed to Wave59 and to Quotecom. It didn't take long to decide to do that after reading about the software on your website which definitely made it sound like something I wanted to start using right away. In other words, your description built up a certain level of expectation for me. However after using it for a short time, I came to realize that (in my opinion) the software is actually a whole lot better than I thought it would be. Thank you. I'm very glad I 'stumbled' across your software. I came across your link somehow because I was acutally searching the internet for info on planet masses or planet 'importance' or 'influence' in an astrological (or Masonic) sense, because I had this feeling that there was 'something' that might be calculated along the lines of RD. I was looking for something and I guess I found it. Now that I have your 'Market Esoterica' book and the RD, I won't be doing any more such searches like that for while. Again, thanks. Funny how one thing leads to another.

JL

*****

Again thank you for putting this material together [Market Estoerica]…it has given a new perspective on the markets. For example, the Astronumerology chapter brings to light a dimension which eludes many.

AB

*****

Hello Earik,

I must commend you on this software. It is incredibly accurate and simple to use. So far this has proven to be the best analysis tool I have ever used for trading the forex. In my opinion some of the default indicators alone are worth the price of the entire package. I'm excited about further products, upgrades and developments from your company.

RSC

*****

Received the book [Market Esoterica] and read it Earik. For me, chapter 9 alone is worth the price of the book. I've not traded it yet but I've already found a couple turns in the emini to the minute and tick using your chapter nine concepts. Very impressive and thank you for putting it in print.

MB

*****

Hi Earik,

I just read your book [Trading with Wave59] love it, wished everyone write as well as you do, I have read so much about the momentum indicator and never understood much of what they have wrote, it was like a teacher talking with a mouth full of rocks, but I got it with just a few pages from you, so thanks...

*****

PLEASE CONTINUE MY SERVICE. IT IS GREAT. I USE IT TO MAKE PROFITS IN THE STOCK MARKET. YOU HAVE THE FINEST TOOLS I HAVE EVER SEEN.

RA

*****

By the way your 59 and exhaustion bar indicators are great . I have managed
to turn a 19k account into 55k in 12 weeks approx. In conjunction with
elliot wave and fib techniques. The exiting of trends has become much more
predictable and profitable

JB

*****

Hi Earik,

I have a few questions, but first let me congratulate you on writing
such an incredible book! I am so impressed not only that you pulled all
of this information together in one book, but your writing style is so
incredible that you seem to have a knack for explaining things very
clearly and precisely. You tell the pros and cons of each technique in
a simple, concise manner.

I was a former Wave59 subscriber and I purchased one of your books a few
years ago, so I knew that your style of writing would clear up many of
the questions I had about esoteric trading in a clear, logical, easy to
understand manner. That is why I had no problem paying the high
purchase price, because I have many different Gann & Bayer books, but
all of them left me still "scratching my head" with no logical way to
pull it all together.

I am also happy to be a student of these subjects because I truly
understand that we are dealing with something that reaches FAR beyond
trading. I like how you touch on that at the end of the book. I am
aware of all the scientific research on waves and particles, and I am a
student of the Universal Laws of Attraction, Sacred Geometry and enjoy
movies such as "What the Bleep Do We Know" and "National Treasure."
It's clear to those who are enlightened that we are dealing with the
very makeup of the universal and creation. Some of whom will call God.

Who would have thought that one could obtain spiritual enlightenment by
studying stock analysis! :-)

Anyway, there's NO DOUBT ABOUT IT! You're the best!

RW

*****

The market esoterica book is fantastic. I can't wait to be able to start using it for forex trading. You do seem to have a gift of explaining complicated theories in a practical way. Your book was much more informative and much easier to grasp than some of the other books and courses I read on Gann, market timing, etc.

AO

*****

hello earik,

i purchased your market esoterica book on the 15th of december last and its an amazing peice of work. i've been trading for about ten months now and and have paid a lot of learning fees!! thank god i stumbled upon wave 59 which has, along with a lot of soul searching, slowly reversed that trend so on a personal level i'd like to thank you sincerely.

yours thankfully,
PM

*****

Hey Earik,

I gotta tell ya this - ME is the greatest book on financial astro every written, seriously!! Anyway, thanks for the tip, will look more into it. I really like this hotplanet method, works like a charm.

BS

*****

Hi Earik,

I keep reading p.204 in Handbook of Market Esoterica ... the line where you
say you were paranoid about revealing the 'planet linking' technique. The
more I read that particular sentence, the more paranoid I become, imagining
how many more esoteric techniques you know that you haven't yet revealed.
So, I'm waiting. And I don't think I'm the only one. Maybe I'm greedy.
But I just have this feeling that you've got some things worked out that you
wouldn't even be able to find on the Sacred Science website.

Also to say ...I've read tons of market stuff and have bought tons of
software, and I have to say that the way you go about things beats the hell
out of everyone else.

Thanks,
JL

*****

Hello Mr. Beann,

Just wanted you to know I have been to several of these and always felt that
they didn't teach me anything I didn't already know. But I walked out of
your conference knowing that I had learned something that I had wanted to
learn for a long time. Thank you.


GS

*****

Hello Mr. Beann,

I’m writing to tell you what an breathtaking piece of software you have created! Wave59 cannot be beat for it’s amazingly accurate market timing and crucial trend following tools. It’s easy to use, well thought out and was obviously created by someone well versed in the needs of traders. A few months ago I purchased your book 'Trading With Wave 59 Valume 1', and true to form this book was also exceptional. In-depth, precise, and easily digestible, I would recommend it to anyone -- even those unlucky market participants NOT using Wave59 technologies; the insights it gave me into the process of trading have been THAT invaluable. I see you have a new book coming out soon -- make no mistake, I cannot wait for its arrival.

Thank you for everything, and happy trading!

DH

*****

Dear Earik,

I just wanted to let you know that the book arrived safely