Monday, January 12, 2009

Wave59 Is A Huge Help For Business

The Wave59 investing program doesn't garner the same attention as some of the big boys get, but it is certainly one of the most unique charting platforms that is in the marketplace. We're all so used to hearing about the same old indicators that every one had used a million times over and over again. Technical indicators like 50 daily moving averages aren't really new ideas.

The cool thing is that wave59 does a lot of things that no other stock software can do. For instance, they use astrology indicators, like an ephemeris and many others. Now, no matter what your opinion is on the subject, there is definitely and interesting correlation between the history of price action & movement with the astrological signs. They may be the most famous for coming up with the Fibonnacci Vortex. It's this incredible pattern that let's you pick with great accuracy the of high and low swing points to the pip, many times. The only trouble is that it is not exactly mechanical by nature. There is a great deal of interpretation that is required.

You can also design your trading system, just like you could with Metatrader, but a big difference is that with Wave59, you could use neural nets to devise your indicators. I've heard a lot of people say that they think this is a great piece of software, however; they still aren't able to bring everything into one and make money with forex investing. I think that has a lot to do with how different this tool is compared to others, so a lot of people just aren't used to it. It doesn't matter how you feel really, I think that Wave59 provides at least some value, and people interested in stocks and forex should at least give it a look. It might not be exactly for you, but if it is I could be a big boost. That's why I figured I'd write about wave59.

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