the delta phenomenon

propslave · Mar 11, 2009

Feel free to post and explain successful trades you've made using delta phenomenon...

diutinusfides · Mar 11, 2009

I don't discuss trades or methodology on public forums. But, as an example - the fall in the Pound Sterling to the 1.3500 level coincides rather ideally with a LTD 1. For those of you who have your LTD's posted on the gbpusd over the past half century will note that the start of the 7000 point decline came on point 13 (as it has done all 3 times in the past for moves > 5000), and ended at point 1, in the same weekly position (again, as it did in those 3 substantial declines). Going further in detail, we also made a ITD 1 low in the Asian session today, and have also seen confluence in a MTD low zone. This is not a buy suggestion, merely an example of a strong confluence of time frames using Delta. I wouldn't trade this, blindly, myself. There are many other tools that go into initiating a trade and setting up desired risk and reward ratios.

zgtrader · Mar 11, 2009

The creator of the method in the delta story went on to found his own similiar product. Ocean Theory.

And from the name of his website, you can just tell how well it works.

http://www.mayyoubehappy.com/oceanbook.html

MAESTRO · Mar 11, 2009

Thanks for the laugh

MAESTRO · Mar 11, 2009

I have a better theory. I call it the "GAMMA PHENOMENON". If your farts come out in groups of four you should get short in this market. It is an amazing natural order of things. You should try it.

AMT4SWA · Mar 11, 2009

I ONLY use the DELTA FORCE....... http://www.youtube.com/watch?v=BCSVfTL784Q

Arnie · Mar 11, 2009

Quote from solsaul:

does anybody have any experience with the delta society and does the delta phenomenon work

Yes
No

TraderZones · Mar 11, 2009

Quote from Arnie:

Yes
No

I like a well though-out answer

kinggyppo · Mar 11, 2009

Quote from MAESTRO:

Welles Wilder is the original author of RSI oscillator and some other "OLD SCHOOL" technical analysis tools. I used to have his original book: "The Delta Phenomenon" but found it very subjective and inaccurate. The story is also very lame. He met a fellow who spotted cycles of "4" in everything and tried to use it to forecast the markets. Pretty "unsophisticated" stuff.

http://www.amazon.com/New-Concepts-Technical-Trading-Systems/dp/0894590278

This book was way ahead of its time. You can get a used copy of Market Wizards for less than ten buckson on Amazon, to me the stuff in there is priceless.

guy990opl · Oct 4, 2009

I am still confused if this "delta phenomenon and ocean theory" are good softwares or not. The price 10k or more is very expensive.

I believe that J Wilder and Jim Sloman are very smart...too smart to sell a trading software for 10k if it does make a lot of money...don't you think ?

They might be good traders, yet they both have websites selling trading products.