The Adam Theory of Markets by J. Welles Wilder Jnr.

[Jedster]

you may be bold...no problem with that

Here is a screen shot literally as we speak (well from a couple of minutes ago) showing all my Adam positions:



http://www.upl.co/uploads/trades.png

[dpaterso]

you may be bold...no problem with that

Here is a screen shot literally as we speak (well from a couple of minutes ago) showing all my Adam positions:



http://www.upl.co/uploads/trades.png

Very nice. Cannot fault you on that lot!!! That's for sure.

Actually DAMN nice.

I'm REALLY of the opinon though (alright it's more than just an opinion i.e. it's backed up a bit by technicals): the stock market is going correct and very soon and maybe even today. From a technical aspect: the S&P is having 'issues' with 1350.00 The Dow has made THE PERFECT double top ON THE WEEKLY CHARTS (you know how strong a signal THAT is). RSI(14) is in W-A-Y overbought territory and has been for some time (a few days) on the S&P. That's where I'm coming from. And it's interesting to me to note that even although Greece has got a great deal of its sh*t over with: that, along with the unemployment claims (I think it was i.e. I wasn't watching and only saw after the fact), and the ECB's 'stories', caused nothing than a major spike up and the Dow is now well on its way down again.

And alright (screw ALL of the above): I'm short the Dow and the S&P 500!!! LOL!!!

Regards,

Dale.

[Jedster]

There is a lot of fluctuating. In the last few days I've gone from net +460 to net -120. So, lots going on...

It really is great having directly opposite views of exactly the same picture. The dow is at big resistance, agreed. But, it is trying to get through. If there is some big economic news today or tomorrow, that could be sufficient to drive it through. Equally, a correction (albeit a small one) might be what is required so that it can continue with the rise.

With my Adam hat on, I don't know what you are talking about with that double top thing... My 4H chart just shows a constant march onwards and upwards. Same for the SP500...

It is also worth thinking that Adam says, you WILL get it wrong at the top and bottom. That is just going to happen. As long as you get the middle bit, that should be sufficient. I don't think the dow is going to keep rising, it is going to fall at some point. When that happens, I'll go short.

[pipsaday]

Hi Jedster,

You've used Adam very well. You have provided a clear explanation about your trade which is a great help to me to understand Adam better. Thanks for sharing!

[PaladinFX]

When's the last time you took a look at the daily chart of the S&P?

I dunno ... I think sometime around 1992 or so.


O.

[PaladinFX]

yes absolutely...

only, in fact, I accidentally mis-typed my SL and put in 1.5820 instead of 1.5802 (I wanted the stop just above the 1.58 level). And, guess what was the low from my broker....

...to the pip...

not even .01 lower.

and exact print of 1.5820!

Anyway, fortunately, because this is a demo account, and because this is a test, I just put in a pending order to re-enter at the exact same price as before. So when the price gets up there, it will be as if nothing happened

lol, I know that song.

Oh well, if you've re-entered right away, nothing's lost.
Even on a live account you'd have lost the spread only ... few bucks won't kill you.


O.

[PaladinFX]

Hi Jedster,
You've used Adam very well. You have provided a clear explanation about your trade which is a great help to me to understand Adam better. Thanks for sharing!

Yeah, concur.

[Jedster]

That's a bit odd...just received an email notification about a new post, but there is nothing here.

Any ideas?

[PaladinFX]

That's a bit odd...just received an email notification about a new post, but there is nothing here.

Any ideas?

Happens all the time ... delayed delivery of the notification mail.
I sometimes get mails notifying me of my own three-hours-old posts.

I've taken to actually reading the notification mails, to pre-check the post they refer to.


O.

[dpaterso]

Yeh. It was me.

I tried to upload one of my charts from Delta Trading but it doesn't matter whether I upload the actual file here or reference it from an external url: for some reason or the other BabyPips just doesn't 'like' my charts and it's really odd. I mean: on my forums they display clearly and cleanly and appear exactly as they do on my PCs locally. I've always had this issue here. This morning I even thought to FIRST use Adobe PhotoShop, create the highest quality .JPEG I could from an uncompressed bitmap (chart) but same thing. The image is just not 'sharp' and looks 'dirty and washed out'.

But basically it was just a chart of the Dow with an 'Ahem...' and an inane comment that Adam (as you noted) obviously doesn't recognise double tops etc. because the Dow is falling real nice now. I guess I just wanted to 'take the pi*s' really (sort of 'tongue in cheek'). You know. Just for fun. That's what the post was about anyway.

Regards,

Dale.

Edit:

Sorry: I meant to say 'it was me' and I'd deleted the post out of sheer frustration. That's why you received a notification but no post when you looked.

The above being said though: YESTERDAY I received SIX INSTANT EMAIL NOTIFICATIONS AT ONCE for ONE post that Oliver1968 had posted here!!!