995 and counting (you still did not tell me if you won a prize)!!!
OK well, for anyone else interested in buying âNew Concepts In Technical Trading Systemsâ:
As you know (if you BOTHERED to read the thread AND IT WAS NOT TOO MUCH TROUBLE) I arranged a $20 discount on the book, for any babypips.com members, with Mr Wilderâs organisation. The arrangement was to NOT make the discount code âpublicly viewableâ so if you send me an email to [email protected] or a PM I will send you the code (this done only so that they know that it is a âgenuine memberâ of babypips.com purchasing the book and not just a âcasual browserâ looking to âsave a buck or twoâ).
Again: I DO NOT GET ANYTHING OUT OF THIS. I bought the book LONG before I arranged the discount from Amazon. I arranged this âdealâ purely to save ânew tradersâ a little bit of money (the $65 retail price excluding shipping is quite a âwhackâ if you only have $500 to start with) and I was also hoping that we could start some threads âdedicatedâ to the trading systems in the book and share thoughts, ideas, trades, etc. etc. etc. not to mention the fact that yes, the book is âoldâ and so are the trading systems (although, like I say, they DO work) so maybe we could sort of âtweakâ these systems or âupdateâ them IF NEEDS BE to suit todayâs market. See where I was âtrying to goâ with this i.e. â1000 heads is better than 1â!!!
As far as copyright and âdetailing the systemsâ on a thread is concerned I would not want any involvement with it if itâs done that way. I believe that âthe manâ like anyone else is entitled to fair payment for his work (believe me you will âmakeâ the cost of the book within your first trade or two). Iâm sure he does not need the money but itâs âthe right thing to doâ in my opinion. I have checked, Tony, on the Internet and I only come across one site where the IDEA and LOGIC of one or two of the trading systems is detailed NOT the ACTUAL ânitty grittyâ of the systems. Put it this way: if youâre lucky enough to âfindâ copies of the actual systems on the Internet and then contribute to the threads then there is nothing I can do about it. Having said that: I do believe that anyone that does not buy the book for $40 or $45 (I forget which) and then wantâs to âpiggybackâ off the threads is the very same type of person who is looking for the âquick fixâ and will inevitably âsee their ar*eâ so itâs probably of little consequence. Aside from the trading systems in the book there are âin depthâ explanations and calculations of HIS indicators i.e. RSI, ADX, CSI, and tips from âthe manâ on how he traded and lots of other little âtidbitsâ that youâre not going to get off of a thread.
Let me put it this way: I had one or two questions that related to something in the book (well not so much the book but more what his opinion was on a âSundayâ candle or bar and what to do with it if trading his systems) and he replied to me personally. Now that to me says a lot i.e. the book is sold with NO support and he was still prepared to answer my questions!!!
I know Iâm on a bit of a âWilderâ mission here BUT for all of you who say that âindicatorsâ are useless I must just tell you that yes, for short term trading, I would agree with you, but there must be a very valid reason why most analysts TO THIS DAY refer to Mr Wilderâs RSI when making long term trading decisions!!! Go figure!!! I NEVER see any one of them referring to Bill Williamâs Alligator or Awesome Oscillator!!! As a matter of fact I NEVER even hear them mentioning a candlestick or bar. What you DO hear is âRSIâ, Stochasticsâ, and yes, trend lines and MAâs. That HAS GOT to account for something!!!
NOW (and this is where itâs going to get REALLY good):
I have just become an IB for Delta Stock. Now while I know that I could not ordinarily âpuntâ a broker here for personal gain I have another type of âdealâ and that is this:
If you open a trading account with Delta Stock via me I will (at no charge) actually email you all the indicators that I have created for the trading systems in the book that I have programmed into Delta Stockâs platform. Fair deal???