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

[dpaterso]

Hi,

As is well known around these circles: I'm a 'J. Welles Wilder Jnr. Junkie' and it's thanks to 'the old man' that I'm still here being in a position to post due to my trading one or two of his systems that he designed and are detailed in his book 'New Concepts In Technical Trading Systems'.

However: 'the old man' wrote another book, a few years later, called 'The Adam Theory of Markets or What Matters Is Profit'. I never really bothered with the book because I knew that it didn't detail particular trading systems (other than 'The Adam Theory of Markets' which could be construed a technical trading system of sorts in my opinion but is nothing like his other technical trading systems detailed in 'New Concepts In Technical Trading Systems'). But for some reason or the other, this weekend, I was browsing the Internet, looking for 'just general stuff' on Wilder, and came across a .PDF download of the book. So I figured 'what the hell' and downloaded it.

Well all I can say is this: whether or not you agree with or can identify with 'The Adam Theory of Markets' the (other) content of this book WILL change your trading life and the way you 'see' or 'perceive' markets FOREVER. In true 'Wilder Style' there is no 'waffle'. And don't go downloading it because you think that there is some type of 'Holy Grail' trading system detailed in it. There isn't. But his insights, thought processes, general rules to follow, why we do not follow these general rules, and what the impact can be of not following these general rules, are 'priceless'. In some instances: one could argue that he's input and insights are controversial and sometimes even contradict what we all have just come to accept as 'general rules of thumb' (or have simply 'regurgitated' these 'general rules of thumb' based on somebody else's 'regurgitation' of the same). But read it carefully (more than once if you have to i.e. I had to and I'll be reading it again before I place another trade again tonight or tomorrow) and I'll tell you: this book WILL change your trading life. It's not long, it's not a huge download, no I didn't buy it, and no it's no longer subject to copyright (so you're 'in the clear' there anyway and so am I).

If I've ever posted or shared something of real value with any of you on this site: this it it I believe.

To be honest: I took a REAL 'knock' on Friday on a trade that has now set me years back. And I couldn't understand WHY or WHAT made me take this trade and WHY I let it go against me after having a 'pretty darn good' two to three year record behind me. Sure I've taken the 'odd' 'riskier' trade and due only to sheer luck have those trades paid off (UNFORTUNATELY handsomely). Download and read this book. It explains EXACTLY why I broke an (almost) unblemished trading record over the past two to three years and why it happened, what my thought processes were at the time (unbeknown to me at the time), and why it's REAL easy for it to happen again.

The book can be downloaded from the 'E-books for Trading Systems' thread in the 'Downloads' forum on my forums (and no: I'm not trying to 'solicit' new members or clients i.e. I don't have the bandwidth nor do I see the necessity to upload the book to various different and multiple sites so anyone that's got 'issues' with this 'tell somebody who cares').

Technical Trading Systems at TechTraderCentral - Home

And I assure you of this: this is not your usual 'psycho babble' either.

Once again I say: if nothing else this is my 'gift' to you (from 'the old man' anyway). For those of you who have been trying to trade profitably and no matter WHAT you do you just don't seem to be able to 'come out on top' then I believe the contents of this book will solve your problem (even if it means that you have to read it at the start of every single trading session).

I sincerely hope this helps you and results in your improving your trading (if you're already profitable) or 'get you there' if you're not.

Regards,

Dale.

[TalonD]

hey Dale, sounds interesting. I just downloaded it.

[goldenmember]

lol i read through a couple of pages and agree with everything that was written so far.

[Buckscoder]

I risked just a glance and imho a nice read. Thanks Dale!

[d-pip]

Dale, why don’t you post and attach the e-book here on the babypips forum?

Coming on babypips and talking up an ebook and then directing people to another forum that asks people to register and go through an email activation process to get the ebook seems a bit scam-ish to me.

If you truly want to share the information and you’re “not trying to ‘solicit’ new members or clients” post and attach it right here.

thanks!

[dpaterso]

Good (monday) morning).

d-pip:

Now c'mon. You don't REALLY believe that I'm not trying to solicit new members or clients??? LOL!!! Have you seen how 'lonely' it is over there??? Just me and 167 members (of which at least 10 are old BabyPips 'friends', one or two Deltastock employees, the admin account, and another account for me in case there is a problem with my own account i.e. a sort of 'back door'). Although I see we're on 177 members this morning so it's working. LOL!!! But I do see and understand what you're saying although it's not meant to be 'scam-ish' I assure you. And honestly: I AM running out of bandwidth (I'll be surpirsed if I make it through the day today i.e. I use 3G and have to buy data bundles and can only do that tonight). But yes: that's 'lame' I know.

What I CAN promise you is this though (and there are a few members here that can attest to this): I don't spam people with emails or advertising or 'special offers' and very seldom will you receive a general email from me or from the forums. What more: I'll never share your email address with anyone so you don't have to worry about that either. And it's only the downloads forum that requires reqistration (which is unfortunate in this case). This only done to stop 'Joe Public' who is not REALLY interested but just goes and downloads GIGs of data 'for the fun of it'. Remember: I'm in South Africa. There's no such thing as a 'free ride' here let me tell you. You 'pay' for EVERYTHING e.g. bandwidth, disk space usage, traffic usesage, you name it, you pay for it!!! I suppose BASICALLY the idea is 'I scratch your back and you scratch mine' i.e. I get some new members (who really don't have to even bother with my forums if they don't want to) which makes my forums 'look good' and you get some information that I believe that you can benefit from. AND BY THE WAY (this not being directed at you at all d-pip): the very REASON for me having my OWN forms is because nobody gave me the 'votes' to have 'one 'lil 'ol forum' opened here for equity futures and commodities traders so DON'T BLAME ME!!! LOL!!!

I wasn't expecting a message such as yours this morning so HERE is what I wanted to post this morning:

I was 'slightly' 'off-track' when I said that there is not a trading system in the book. After reading it AGAIN: 'The Adam Theory of Markets' IS, according to Wilder, a trading system in and of itself. I've not tried it or tried to draw the charts and 'flip' them yet to see if there is any credence to this trading system but I'm keen to find out. Put it this way: if the ONLY thing it's useful for is its ability to 'predict' the most likely future direction of the markets for a given period then that's good enough for me.

Also: I have 'The Delta Phenomenon' (which, and I have to boast here, was very kindly given to me as a GIFT, would you believe, by Wilder's 'Delta Society', something which means a great deal to me and something which I cherish). HOWEVER: either I'm too 'dumb' or have that 'left brain / right brain' thing (problem) but I don't quite 'get' 'The Delta Phenomenon'. The reason I mention this is because 'putting two and two together' it would seem that 'The Delta Phenomenon' had it's ever so humble beginnings in 'The Adam Theory of Markets'. All I'm saying is don't think that 'The Adam Theory of Markets' IS the 'basic' 'Delta Phenomenon'. 'The Delta Phenomenon' is WAY more complicated and although I've tried to 'solve Delta' for certain markets I just don't 'get it'.

I just thought I'd mention this.

I download the book from a rather 'dubious' site (see how much 'risk' I'm prepard to take on YOUR behalf) and then uploaded this book to my 'spam, banner, and virus free' 'collection' purely because it 'spoke to me'. It may not do the same for you but, because of Wilder's writing style, it's CLEAR and LOGICAL if nothing else. What's frightening: it's just so LOGICAL??? I'm INFAMOUS for waiting for pullbacks or taking countertrend trades. After reading this book I felt quite 'foolish'??? I remember a few years ago telling my (then) girldfriend to not buy Gold at $900 (which she was about to do) because it's 'too high'. Fortunately she wasn't that interested in trading and didn't and basically lost interest but I'm guessing if she looked at a Gold chart TODAY she's be 'after my blood'. And how many good trades have I myself missed because I've looked at a chart and said 'it's too high' or 'it's too low'??? These being but two examples.

Anyway: aside from the possible 'scam' perception I bellieve it to be good solid information and I hope it helps (especially new traders). For the MOST part: I've learned MOST of those 'lessons' but some of them are definitely contributors to a new trader's failure or difficulty to 'get ahead'.

Regards,

Dale.

[Haley12]

Dale, It is useful for me to enhance my knowledge in forex trading. It is one of the best books about trading that I searched online. I am going to read all topics covered in it.

[Clint]

Dale, why don’t you post and attach the e-book here on the babypips forum?

Coming on babypips and talking up an ebook and then directing people to another forum that asks people to register and go through an email activation process to get the ebook seems a bit scam-ish to me.

I think I know Dale well enough to assure you that he's not running any sort of scam.

But, for you overly-suspicious types, here's a shortcut to the Wilder book that Dale is praising so highly ---

THE_ADAM_THEORY_OF_MARKETS_-_Welles_Wilder.pdf - 4shared.com - document sharing - download

If you choose the slow download (several seconds wait before download starts), you can avoid signing up for anything.

Works just fine.

Also, 4shared downloads have always proved to be safe. I have very robust antivirus/anti-spyware/anti-malware apps on my computer, and they are fine with 4shared downloads.

[dpaterso]

Hello Clint,

Nice to hear from you (I thought you weren't 'speaking' to me anymore because of that little 'incident' a while back). But thanks for your 'vote of confidence' anyway.

But now YOU'RE 'raining on my parade' TOO!!! LOL!!! See this post (to TalonD):

Jay's Unofficial BabyPips Book Club

LOL!!!

Anyway: it doesn't matter WHERE it comes from really let's face it. As I may have noted: the text sort of 'spoke' to me like no other book I've actually bought (I'm still not sure about the 'Adam' system but I'm working on testing it although thank goodness I don't need tracing paper and a pencil to accomplish the same). Just as long as it (the book) has a positive result on sombody's trading then that's all that counts really.

(The above being said though: my download is not 'throttled' so it's faster unless you're a 'paid subscriber' of one of these file sharing sites)!!! Sorry: couldn't help that one!!! LOL!!!

Regards,

Dale.

[dpaterso]

Uh HUH d-pip:

I've got an answer for you!!! I couldn't upload the book here even if I wanted to. I've just tried to upload a copy of FuturesMag for someone else and guess what: there's a 2MB file size limit!!! LOL!!!

Just 'taking the 'pi*s' with you is all (but there really IS a 2MB file size limit).

Regards,

Dale.