Delta Phenomenon Welles Wilder Pdf Editor
Welles Wilder - The Delta Phenomenon: or The Hidden Order in All Markets
As a successful trader for over ten years, I thought that I had seen about every price forecasting theory ever devised. This book proved that notion false. The Delta phenomenon (actually discovered by Jim Sloman) reveals a perfect order found in all markets that can be used to forecast turning points in price behavior. Any reader familiar with technical analysis will find this book to be a great asset to their trading library. However, this book is only recommended for those who are 'serious' about technical analysis. The concepts contained in the 'Delta Phenomenon' are sophisticated and a novice will not find this book helpful to their trading. Personally, I have not been able to use Delta to make money in the markets -- primarily because I use other methods that I am more comfortable with -- but the concepts revealed in this book have permanently changed how I look at price behavior.
New Concepts in Technical Trading Systems
Parabolic SAR, Relative Strength Index, Directional Movement Index (ADX) -- developing even just one of these would constitute an important contribution to technical analysis. Yet all of these popularly followed indicators and more were the work of this one man and were first popularized in this single 1978 classic.
But this book merits more than mere admiration. For traders looking for carefully presented formulas, clear discussions of their logic, and helpful discussion of indicators' interpretation straight from the horse's mouth, this book is a great asset.
I would acknowledge that for discretionary traders who do little if any backtesting or who pay no more than scant attention to indicators other than price, volume, and maybe some moving averages, this book probably won't hit your hot button.
But as a systems trader, I'm especially appreciative, since nowhere have I found a better or more authoritative discussion of ADX and ADXR, two especially potent indicators whose multi-stage calculations haven't been consistently represented in various secondary sources I've examined.
Finally, for traders who tend to enjoy tinkering with the development of their own novel indicators, Wilder's discussions of his conceptual starting points in developing each of his indicators will probably prove very stimulating.
As a successful trader for over ten years, I thought that I had seen about every price forecasting theory ever devised. This book proved that notion false. The Delta phenomenon (actually discovered by Jim Sloman) reveals a perfect order found in all markets that can be used to forecast turning points in price behavior. Any reader familiar with technical analysis will find this book to be a great asset to their trading library. However, this book is only recommended for those who are 'serious' about technical analysis. The concepts contained in the 'Delta Phenomenon' are sophisticated and a novice will not find this book helpful to their trading. Personally, I have not been able to use Delta to make money in the markets -- primarily because I use other methods that I am more comfortable with -- but the concepts revealed in this book have permanently changed how I look at price behavior.
New Concepts in Technical Trading Systems
I agree with Atilla and Bez, Delta together with EW and fibs ratio applied to price and time can provide a real insight and advantage to trading. Fallout 4 child mods. There is nothing magical about the lunar months cycles, fullmoons, halfmoons and so on. In my application the lunar months provide the same time. Anyway, being a 'Wilder fan' I bought 'The Delta Phenomenon' and when I first received it I thought he had 'lost it' i.e. Talking about the moon and the earth and the tides and stuff like that i.e. All 'mumbo jumbo' to me ESPECIALLY when compared to the absolute 'brilliance' of all his other work.
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Parabolic SAR, Relative Strength Index, Directional Movement Index (ADX) -- developing even just one of these would constitute an important contribution to technical analysis. Yet all of these popularly followed indicators and more were the work of this one man and were first popularized in this single 1978 classic.
But this book merits more than mere admiration. For traders looking for carefully presented formulas, clear discussions of their logic, and helpful discussion of indicators' interpretation straight from the horse's mouth, this book is a great asset.
I would acknowledge that for discretionary traders who do little if any backtesting or who pay no more than scant attention to indicators other than price, volume, and maybe some moving averages, this book probably won't hit your hot button.
But as a systems trader, I'm especially appreciative, since nowhere have I found a better or more authoritative discussion of ADX and ADXR, two especially potent indicators whose multi-stage calculations haven't been consistently represented in various secondary sources I've examined.
Finally, for traders who tend to enjoy tinkering with the development of their own novel indicators, Wilder's discussions of his conceptual starting points in developing each of his indicators will probably prove very stimulating.