Trading Systems in 'New Concepts In Technical Trading Systems' by J. Welles Wilder

[dpaterso]

Hey,

I'm pleased that you 'see my point' with regard to 'The Delta Phenomenon'. As I said: it's something that I'm SURE has merit BUT I don't believe it's something that will work for me. You must understand that I have commitments to my 'clients' and deadlines to meet and that / they must come first. It would be very short sighted of me to start experimenting with something that I cannot honestly say that I believe in.

As far as the indicators are concerned:

ANYONE who has bought 'the book' should be able to trade the systems without these indicators. The stuff that I've coded simply makes it easier to trade the systems in 'the book' is all. The potential problem exists when someone downloads the indicators, without going to the trouble of learning how to trade these systems, and expects the indicators to replace 'the book'. This would be wrong (on second thought). I mean to say: I know for a fact that some people are actually 'down' in SPITE on having the indicators but because of my 'tweaks' and I aim to 'make that right'.

SO: I reckon we just 'move on' and carry on 'as before'.

If it's alright with everyone: I reckon Akram and sverigesson get added to the mailing list and we 'move on'. Akram has 'been around' since I started trading and has 'lived' through all my 'Parabolic SAR - that's all!!!' 'ups and downs' and I believe that sverigesson has some valuable contributions to make given his background.

I hope that's alright with everyone (and I cannot help but feel I've made too much of a 'big deal' about this)!!!

On the POSTITIVE 'side of life':

I'm about 11% up on capital now thanks to the DMS / ADX and that's over a period of four days. I've not had to SAR at a loss yet (other than GBP/ZAR as I've mentioned, so let's see what happens).

'In closing' (for the night):

Thank you to EVERYONE who contributes to this thread.

Regards,

Dale. (forexbrokersonline.net).

[sverigesson]

Dale,

I agree about the Delta P. I certainly didn't expect you to drop everything and try it out again, just that I might be able to have a conversation about it with ya.

As for the indicators, I totally agree. Someone who does not know 'the systems' would be totally lost, and definitely empty out their account. The book, and to some extent this thread, are essential reads as far as making the indicators useful.

Finally, well done. 11% in 4 days is nothing to scoff at (assuming that's what you meant). I hope to do so well.

Anyways, tomorrow I'm off with the family to eat at my wife's grandma's, and friday is another family dinner, so if you don't see me until Saturday, fear not.

Happy Pips,
Son of Sweden

[myinvestorsplace]

Thank you for sharing useful information.The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.




MyInvestorsPlace - trading, value,
investing, forex, stock

[pip huntter]

Sorry Dale,

u know in Canada we have dam snow 2 days back we got a 5 cm snow and off course that is not something compared to what we will have next month so i went on shopping for the snow blower hope u know how it looks like!!

ok as far as the parabolic sar concerned u r right i went through some old posts and i was really amazed that it took us long time and we never stopped on implementing and try to make things works while nothing was really worth it and the good thing is that when some one jump with a new idea we all go blind to try it and lossing alot of money!!

my broker is stifx but i want to change into Delta shortly when i am sure of what i am doing.coz i will do that for living basicly!!

ok as for the idea i was trying to tell u about is that now suppose we have ADX forming the turning point and we see the down turn of the ADX after the ADX has crossed above both the DI'S lines we will put a stop loss order on the low or the high (depends if we r long or short) made when this turning point happens now we r limiting our loss if it happens. and as wilder was saying when the turning point happens it is time to pocket some profit so why can't we use the fabonnaci or pivot point so that we know when the price will find a resistance and we can make our profit on the first level of the resistance that the price will or might touches it or get near this level.


Regards,

Akram

[pip huntter]

Dale,


i saw the attached chart again u missed another good opportunity 16 days back if u go back 16 days before the day u place the counter DMS ENTRY TRADE u will find another opportunity that u lost!!!

Thats is good well done but see u can be in a trade from 2 months ago having this trade up till now with a allot of profit and so far u can hold this position.

But let us be honest here. if u have this trade and u where in a long position 2 months back will u ever bother your self with the counter trade Dale???

if i was in this position (i really wish!!) i will never ever bother with the counter trade but i will take it in to account that there might be an end with my current position. or a retracement for the price and then it might come to my favor again what do u think???

hello sverigesson thanks for sharing this with us and welcome to the thread.

Regards,

Akram

[dpaterso]

Good (Thursday) morning everyone.

Akram:

Just so that you know:

I only completed the ADX Oscillator about a week and a half ago so there are MANY trades that I missed because I was not looking for them at the time. Believe me: I regret not seeing those trades more than you do!!! I'll give you a little 'hint': with the lot sizes that I trade I SHOULD have made almost $43 000 on ONE SINGLE TRADE (USD/SEK) between September and the close last Friday!!! It's enough to drive anyone (ME) INSANE but hey: I won't be missing any MORE trades. I ASSURE you of that!!!

And you're right of course: NOBODY would bother about all these 'counter' trades IF you WERE in those trades. Having said that: I have NO idea if or when we're going to see trends like those that have just passed. Even Wilder says that moves DOWN are more 'violent' (my words not his) and of a shorter duration than moves up. I suppose I'm just looking at those 'counter' trades to make SURE that if I HAVE 'missed out' on something there is at least an opportunity to 'get in' somewhere.

Now NOT to complicate things any further but JUST when you think you have 'all the answers' then something else 'comes up' (and to make matters worse this is from 'the old man' HIMSELF):

I'm attaching a copy of an interview with 'the old man' that is posted on his website. I THINK this has been posted on this thread before (right at the beginning) but I'm not sure just how many people bothered to read it. I know that I've read it several times in the past but only NOW, after all the time that's been put in here, do I see things that before had very little impact on me. Read the attached .PDF and pay PARTICULAR attention to what he says about the Volatility System and the 'constant' (which he refers to as a 'parameter')!!! I'm DEFINITELY NOT going to 'move' from what I'm doing NOW i.e. the DMS BUT I just thought that it was REAL interesting that we WERE, in fact, 'on the right track' when it came to 'tweaking' the VS constant although I don't think that we actually found the 'sweet spot' and have no idea how to work that out!!! It's also interesting to note that he mentions Fibonacci and support and resistance!!!

Strange as this may sound though: I ain't 'moving' now.

Regards,

Dale. (forexbrokersonline.net).

[dpaterso]

Hmmm. It would appear that 'Thanksgiving' is not necessarily 'bad' for me!!!

Up 13% now and counting. This is now 'vaguely' starting to resemble what I've become accustomed to with our 'Wilder stuff'!!!

Do me a favour everyone:

If you so much as hear a RUMOUR that 'lil old me' is trading anything other than the daily timeframes: be sure to call the authorities and have me put in a straitjacket will you!!! (By the way: I just found out something intersting. My spelling of the word 'straitjacket' IS INDEED correct. The word 'strait' means 'tight' or 'narrow'. The words 'straight jacket' or 'straight-jacket' are indeed the incorrect spelling. Now THERE is a bit of useless information for you)!!!

Uh: make that 16% now!!!

Regards,

Dale. (forexbrokersonline.net).

[sverigesson]

Dale,

Well done! Good to see that things are finally looking up for you a bit. Hope your gains continue (and yes, you are right on straitjacket )

Well, I'm doing my morning internet before our Thanksgiving meal (its usually too early to be called "dinner"... more like late lunch), and I wanted to post my email for anyone who wanted to get ahold of me.

acforsberg@hotmail.com

Well, catch you all later!

Happy Pips (sounds like Dale is already getting some!),
Son of Sweden

[pip huntter]

ooh Dale,

that is what we call it back on the track!! well-done my friend hope to see u on the top 10 of the month at delta website!!!

i think today will run smoothly and it is time to make some pips out of the market .the thanksgiving could be a bonus for u

Regards,

Akram

[dpaterso]

Oy,

I've just sent another update of the indicators to everyone (YES Akram, YOU TOO, and sverigesson as well. Akram: check your hotmail account).

Regards,

Dale. (forexbrokersonline.net).