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

Well I guess it isn’t fair for me to sit on the sidelines and not post. Its like taking candy from a candy store and not paying. LOL!

This forum is a daily read for me, and I DO appreciate your daily posts DALE!

Your recent pack of indicators is fantastic (very nicely organized)! As a client, and acquaintance, I hope your efforts are being rewarded with some $$ for your own accounts. You have certainly given us all the tools we need to add $$ to our accounts!

We all have to make a living here, and the amount of work you do for the readers of this topic, and your clients, is bar none above and beyond! Thank you for that!

Unfortunately, I have not been successful as of late using the FSS and DMS. I do believe in the systems, but the markets right now react so much on emotion, that technical plays seem pointless at this stage. When technicals indicate a pair is moving, some politician hands out more cash or some company says they are starving for cash, and everyone runs in the opposite direction.

New trends with USD weakness may be forming, but with such huge volatility ‘little players’ like me are getting their socks knocked off! I have had positions be positive over 250 pips, and plummet to a loss of over 200! Frustrating, yes, but realistic considering the global circumstances.

I am aware that we are all trying to understand and EFFECTIVELY implement Wilder’s systems (and tweaked versions), but let us not forget; we are amidst a once in a lifetime global crisis. The issues the global economy is facing today are far beyond anything we have ever seen before. When I want to be frustrated, I keep reminding myself what exactly it is we are dealing with! There will be good times to come and if we all can weather this storm, I don’t think will be too much that can stop us years to come.

I have the utmost respect for you Dale. I only know of your recent experiences based on the posts you make here, but as a man trying to make a living doing this, I can’t imagine the stress you endure with trying to find a profitable strategy. My hat is off to you sir!

I guess my mumbling is over now. I have enjoyed this thread immensely, and will continue to trade Wilder’s systems. Profitable days will be ahead!

Regards,
M.

Dale,

u r making my mind works 24/7 i love that and i hope it is not falling in love with the system just loving it will be enough for me!!!

ok i am with u with that as i think now we can have some sort of a winning strategy .the good thing about the book the more u read the more u find things and only daily trading experience makes u understand the system more and more

any ways thanks for sharing this with us and please keep up the good work

hello sirken :
it is always good to find some one in canada sharing the book with me (us)!!! .yes u r right my friend things r going bad all over the world and we r facing things that is really new to the market i don’t think it never happens before

Regards,

Akram

Ok, ok, ok!!! My ‘resolve’ is once again strengthened!!! LOL!!!

I THANK you ‘kind sirs’ for the good words!!! They’re worth more than money to me!!! (OK: I lie but they ARE much appreciated anyway in a BIG way)!!!

sirkeen (M):

You are right about EVERYTHING you say about the market(s) right now and I have to remember that. I currently have 15 positions open on various instruments / pairs (DON’T WORRY: I’ve reduced my lot size so that I can trade more instruments so I’m NOT breaking the money management rules). They’ve been opened gradually since last Friday based only on the DMS (and / or my two ‘derivatives’ as detailed in my previous two posts) and, with the exception of GBP/ZAR, which has had me SAR at a small loss once (SO FAR), all the other positions have moved between profit and loss on a daily basis and yes: it IS EXTREMELY frustrating and it ‘plays tricks on the mind’ as it were. I mean: you’re sitting here now, doing EVERYTHING 'by the book, and because of your ‘research’, you’ve SEEN the previous trends (THAT YOU MISSED), based on EXACTLY the same methodology, and still: here you sit with NOTHING to show for four days work!!! THESE are the frustrating times and THESE are NORMALLY the times when people (ME) ‘mess up’. Having said that: I’m ‘sticking’ with this DMS / ADX Oscillator now until I’ve either made both YOU AND I AT LEAST a USD MILLIONAIRE OR I go broke (note that I used ‘I’ when I said ‘go broke’ and not ‘WE’)!!! Even although I’ve made mistakes: I’ve been at this long enough now to know that no matter what ANYONE says (because one or two people have disagreed with me on this one): ‘MURPHY’ and his ‘LAW’ are EVER PRESENT in this business!!! You want the markets to move??? OK: I’ll switch to Pivot Points as soon as I complete this message and close all these positions out at whatever their current profit / loss position is!!! WHAT’S THE BET??? FIVE MINUTES after I do that: THE WHOLE LOT will start trending until 2010!!! There’s a thought: any hedge funds out there in trouble??? Market not moving??? Running out of time??? Well GIVE ME A CALL!!! For a (rather LARGE) fee: I’ll close out all my stuff and your problem will be solved!!!

Akram:

You and I ‘go back’ a long way and I’m glad that you FINALLY have ‘gotten oown to it’ with ‘the book’. To be honest: I DID, at one stage, wonder if you HAD actually bought it. But, it would appear, that you, like me, made the mistake of buying it for ‘decoration’ until things got ‘dire’!!! I’m just glad that I have the ‘battle scars’ because of this so that I can help YOU!!!

ANYWAY:

I’ve nothing ‘new’ to add. As I type this post I see the Dow is off -130 points AGAIN (and, of course, it takes my positions with it) and here was me thinking that Monday was the start of the ‘Santa Claus Rally’ (OK: maybe I’m being like the retailers here and ‘getting ready for Christmas too early’ i.e. they’ve had their decorations up in the stores for three months already)!!!

ACTUALLY:

I DO have something to add come to think of it (and it’s something I’ve noticed for at least a good two or three, maybe four weeks, and I’m still trying to figure it out):

Since I’ve been ‘at this’: with forex it really did not seem to make much difference WHEN or WHERE you were trading i.e. the pairs always moved in one direction or the other regardless. The ‘strange phenomenon’ that I’ve noticed of late: EVEN FOREX is ‘dead in the water’ until the NYSE opens. Then EVERYTHING moves UNTIL the NYSE closes again. Then we’re back to ‘idle time’. Anyone else notice this and, if so, would anyone like to ‘hazard an educated guess’ as to WHY this appears to be happening??? I mean: it IS happening. My current ‘work regimen’ involves me being here from 07h00 my time, right through the European market open at 10h00 my time; there is a SLIGHT ‘burst of energy’ at the European open then nothing until 16h30 when the NYSE opens; things now start MOVING and will continue to do so until the NYSE closes at 11h00 my time and then NOTHING again; then I sit here until 01h00 so that I can place orders after Delta’s charts have ‘rolled over’; then I sit here till at least 03h00 ‘staring into space’ (or typing up inane messages); then ‘I can no longer’; then I go to bed and are back at 07h00 my time.

OK (the ‘short and concise’ version): I’ve sat religously watching all the forex pairs and all of the major indices for eighteen hours a day, almost non-stop, for at least three weeks now. ‘NOTHING OF NOTE’ happens until the NYSE opens. I’m here for the European opening as well as the Canadian / Asian / Australian open, so it’s not that I’m ‘missing movements’ because I’m doing something else. It’s DEFINITELY different of late i.e. there were normally, what seemed to be, ‘sustained moves’ in AT LEAST the currencies for MUCH longer periods over a 24 hour period but as I say, of late, just about everything is ‘dead in the water’ until the NYSE opens. (OK well this was the ‘shortish’ version)!!!

Now for the ‘short’ version:

(Only kidding).

Anyone notice this and, if so, care to explain WHY???

Regards,

Dale

Ok another thing here also

u want to trade when the ADX forms the turning point and use the extreme point rule with the last candle high or low (depends short or long) that was formed when the turning point happened.

so why can’t we have another small stuff (i don’t know am i welcomed to add or suggest something here) like adding a sort of another helping indicator which is the fabbonaci or pivot point why i am saying this coz when we spot this thing that is forming with the ADX then we will buy or sell and we know that this pull back for the price might happen in a very short period pushing the price in an opposite direction we just need a sort of guide line here of where the price will find a resistance so that we can close our position. earlier before the price go against the trade??? make sense? no?

i am limited on trying or testing what i am saying coz i am not one of your clients so i don’t have the indicators that every body has.so why can’t u try it? if what i am saying make sense for u??

edit: well my friend i bought it but as i told u i left it in canada with my new house watching the renovation that has been done doing nothing until i came back from Egypt a month ago!!! so yes i got it for a year for decoration!!!

Regards,

Akram

Hello,

First:

This thread ‘belongs’ to NOBODY so of COURSE you’re free, and ENCOURAGED, to express YOUR ideas and opinions so ALWAYS feel free to do so!!!

I ‘see’ / ‘hear’ what you’re saying and it MAY be a good idea.

HOWEVER: I am just TOO scared to ‘wander’ and add to, or take away, from what we’ve got.

This thread is ‘riddled’ with posts by me giving details of what I THINK will improve THIS or make THAT more profitable and you know what: NONE of it has made ANY difference and, as a matter of fact, I believe it’s all been counterproductive!!!

MR Wilder was (is: WHY do I always talk about him in the past tense) a BRILLIANT technician and I’m SURE he knew (there I go again), KNOWS, what a Pivot Point is so WHY then did he NOT say: ‘OK: well you MAY use Pivot Points if you want to try to …’??? This is (possibly unfortuanately) ‘where I’m at’ right now (and where I intend to STAY). I ‘stand by’ my changes to the SIS / FSS because the ‘standard’ SIS which included the LIMIT DEFINITELY needed a small change to accomodate trading forex pairs but the two DMS ‘derivatives’ that I posted about today, as I said, in NO WAY represent a change or manipulation to Wilder’s equations or anything like that i.e. they’re just an ‘interpretation’ of what I read and see. I mean (I think I’ve covered this before): I went to GREAT lengths to try to get the VS to ‘lock in profit’. It worked for one or two trades then ‘fell over’. I’m SURE that Wilder tried EVERY constant from 0 to 1276 with the VS before settling on 2.8 - 3.1. See what I’m getting at???

Somewhere along the line I think I lost site of what this thread was SUPPOSED to be about i.e. it was started to discuss the trading systems of J. Welles Wilder Jnr. NOT to discuss the trading systems of Dale Brenton Paterson (LOL!!! We have 'Parabolic SAR - that’s all!!! for that)!!!

(Actually: if you want to have a GOOD laugh then just go back on some of these threads and look at some of your old posts!!! I found one last night that simply AMAZED me!!! I was talking UTTER RUBBISH in a reply to someone, after I’d only ‘been at this’ for about two months. The reason that I was so AMAZED was simply because I to replied with such ‘AUTHORITY’ on the matter but yet I was talking nonsense!!! There’s a lesson there. At least TRY to do SOME sort of ‘background check’ in the person giving you advice!!! What REALLY made me laugh was that my losses at that time were ONLY $4 000!!!).

I honestly now believe this: stick with these systems, take the inevitable knocks, but JUST KEEP TRADING THEM, and you will succeed. ‘Take away too much from’ or ‘add too much to’ these systems and I reckon you’re putting yourself at a disadvantage.

But also always remember: the above is JUST MY opinion. Feel free to add whatever you like to the systems and throw whatever you like at this thread to facilitate discussion thereof. (If nothing else: it gives me something to do i.e. to reply to you)!!! (LOL!!!)

Having said ALL of that:

WHAT EXACTLY did you have in mind (I JUST cannot help myself can I)!!!

And BY the way:

You STILL have not told ANYONE which broker you are trading with???

Regards,

Dale

OK:

I’d be lying to you if I told you that I’ve never even CONSIDERED using ‘something else’ NOW AND THEN to confirm signals.

I’ve attached a chart of GBP/ZAR.

As I said: I’ve stopped and reversed once already (and it looks like I going to be given a signal to stop and reverse AGAIN at a loss very shortly).

I went long as per the DMS signal as indicated on the chart. I was then given another signal to stop and reverse BUT here’s the thing: the order value was calculated to be 15.0099 at the time (based on my ‘ATROrder’ indicator). I have to give myself a ‘pat on the back’ because I ‘obeyed’ my signals BUT I HAVE to admit that AT THE TIME I thought: there is an almost 1 000% chance that price is going to bounce at around 15.0000 ESPECIALLY knowing this pair and it’s volatility. See what I’m saying??? BUT KNOW of course: nobody has ANY idea as to how this trade is eventually going to ‘pan out’. DO YOU apply some ‘common sense’ ‘techniques’ or JUST TRADE these systems??? RIGHT NOW, in SPITE of the fact that I MAY have to SAR at a loss AGAIN on this pair: ‘my money’ is to JUST TRADE these systems (although I’m going to be REAL ‘pis*sed’ if I have to SAR AGAIN on this pair)!!!

Just a note following sirkeen’s (M.'s) comments:

I am at least very pleased that ALTHOUGH my positions are going nowhere: GBP/ZAR aside I’ve not been stopped out or been given false signals as yet and this whole lot has been ‘up and down and up and down’ for days now.

Regards,

Dale

By the way:

The Dow is now ‘up’ a WHOLE +31 points and, guess what: I’m ‘in the green’ (nett) on my positions!!! I MAY as well just trade Dow on its own!!! It’s very SAD when you get all excited because the Dow is up by +31 points!!!

And following on from my post about nothing happening when the NYSE is closed: I’ve just had a GUTWRENCHING reminder that this week, TOMORROW, is Thanksgiving so the NYSE is closed AND if THAT’S not bad enough: the NYSE is only open a limited number of hours on Friday because it’s ‘The Day After Thanksgiving’!!! Ohhh man!!! HAPPY THANKSGIVING!!!

gbpzarsar.zip (60.9 KB)

Hokay:

MAN: the ‘creative juices’ are just FLOWING TODAY I’ll tell ya’ll!!!

Akram:

I THINK I may just have an answer as to where to take profit on these ‘Counter DMS Entry Signal Trades’ WITHOUT applying ANYTHING else but ‘Wilder’!!!

See that attached chart of USD/SEK.

I had a downturn of ADX (yesterday) if I remember so I placed a LIMIT ORDER SELL ‘a couple of ticks below the low’ of the signal bar. That order has now been executed so I’m short and my STOP LOSS is ‘a couple of ticks above the high’ of the signal bar.

As you know: I’m now HOPING AND PRAYING that very soon I’m going to get a signal to go short as per the DMS and that the current uptrend is not going to continue. WHEN I GET THAT SIGNAL I believe THIS is when to take profit i.e. after the close on the day when I get the signal. Why??? Because as per ‘The Extreme Point Rule’: price MAY retrace at that point and the current trend MAY continue!!! Make sense???

Anyway: It’s nice, it’s clean, it’s ‘pure Wilder’.

As a matter of fact: I’m even tempted to say that if you’re NOT in a profit here but you have been given a signal to go short by the DMS then you close the position ANYWAY EVEN at a loss for the reason stated above. Remember: these are really ‘opportunistic’ trades with a higher risk (but limited by the stop loss) so if you ‘win you win’ and if you ‘lose you lose’ which is a WHOLE lot better than holding a position like this, forever HOPING that it’s going to ‘come back to you’ if the current uptrend continues.

OR: ‘Mixing’ this type of trade together with the ‘Counter Extreme Point Rule Trade’ you COULD EVEN STOP AND REVERSE at this point (although this is starting to get complicated again)!!!

What do you think anyway?

One of the reaons that ‘counter anything’ trades are more profitable really is, of course, because you’re going AGAINST what everyone else is doing. In this case what could possibly happen (when you get the DMS / ADX signal to go short): EVERYONE ELSE (that are not ‘in the know’) are going to go short thus ‘jumping in too late’ and EVERYONE ELSE who is currently long (and in nice profit I’ll wager) will get stopped out at around the time you get the DMS signal to go short. So what happens: the ‘Johnny come latelies’ fuel a move down and trigger the stops which then fuel a move up!!! That’s a bit of ‘market pshycology’ as understood by Dale!!!

Regards,

Dale. (forexbrokersonline.net).

usdsektp.zip (86.4 KB)

Guys (or should I say ‘just Dale and Akram’ :p),

“I’m so excited I could”… well, you know the rest.

Phew! Finally! After spending hours a day reading this thread for the past week, I’ve finally caught up with you guys. And wouldn’t you know, I can’t start trying anything till Monday (we all know trading between Thanksgiving and the weekend probably isn’t smart, right?). Anyways, let me get some things out of the way, and hopefully I can start contributing along with you guys.

Dale: You just string me along, dontcha?! First you’re an SIS purist, then for about 30 pages, you’ve switched to VS? Then, a couple days ago you tell me you’re back on a modified SIS(which I have somethings to say about, but more on that later), and now, just a few days ago, you jump on the DMS train! But Dale, that’s part of the reason I love ya, man. You just tell it like it is. The FSS(and most trading systems, I’m sure) just can’t handle these economic conditions, and if you’ve found one that might be able to weather the storm, then rock on! Though since I’ve been trying to learn the SIS first, I now have to go back to ‘the book’ and study up on DMS. But hey, I’ve got some time to fiddle this weekend.

Akram: Hey man, glad to see you’ve finally ‘gotten’ your book and officially joined the club. Good to know that at least someone was keeping Dale company over the past few weeks.

By the way, where did everyone go? On the other hand, I can’t really blame them for jumping ship while things settle down (though who knows how long that could take). And as far as the economy goes, I’m just as puzzled as everyone else in the world. Hell, I am (technically) and economist, and I couldn’t tell you what’s happened except that too many people in the financial sector have had their heads too far up their a**es for too long! Greed has distorted the business practices of banks and other financials far beyond what should have ever be allowed, and the world is suffering because of it. Hell, when I decided to change my major from physics to economics, it was because “the job prospects are better”. Screw that! Right after I graduate, this whole crap heap fall over, and jobs that I’m qualified for have all but dried up (especially here in Michigan, the state with the highest unemployment in the whole flipping country, whoopee!). So here I am trying to start making a living doing this, just like Dale. Hope it works out. But hey, as Dale always says, if we live through this, oh the stories we’ll have to tell to our grandchildren!

As for my situation, and how it relates to our ongoing quest: I, unlike many others who have inhabited this thread, am not a programmer by any extent of the imagination. Thus, I won’t be helping you write indicators, backtest, or automate anything. However, I do have a BS (thats about all its worth now, Bull****) in economics from a highly respected University, and I’ve always been an outside the box kind of thinker. Hopefully this will be enough to advance our cause. Unfortunately, as of yet, I don’t have excel on my computer, nor do I have the indicators from Dale yet, so until I can get an account going at Delta, I may be of limited use (which, I have to do testing before I start a live account, which prevents me from getting the indicators, which prevents me from testing effectively… sigh, its a vicious cycle :confused:). Now I’ve just got to study up on these systems some more and see if I can be of some limited assistance.

As for the systems themselves… Remember a few weeks ago, Dale, when you discovered that the ASI was ultimately unnecessary? I have come to the conclusion as to why these things keep coming up (and why we constantly strive to discover new aspects of the systems, even when Dale keeps saying that they’re probably fine the way they are). Wilder, while a genius and a hojillionaire, is ultimately not much of an academic (notice he’s not, Professor Wilder). Hence, instead of rigorously deriving the SI equation for the benefit of all his readers, he simply states that he has ‘derived the equation for the SI with such and such criteria in mind, and you’ll just have to trust him’. Unfortunately, I believe that given a full derivation of his formula, Dale (or I, had I been here at the beginning) could have easily proven that the limit and the consideration for daily price gaps was superfluous in forex in about 10 minutes. Instead, it took Dale over a year and a half of fiddling to finally understand this. Not griping at Wilder, since he gave us these systems, but lets face it, the guy has made a bazillion dollars already, and he doesn’t need to follow standard academic procedures in his books if he doesn’t want to.

Finally, I hope to use this space to discuss the Delta Phenomenon (from now on, I will write Delta P., cause I hate typing it out). However, since no one else has the book (that we know of), it’ll probably just be Dale and me. However, one thing from the Delta P. that is applicable… the Delta solutions are by definition slightly off in a “strong or week” market. This is something we all must remember. “Even the best system can be thrown off by trying times such as ours.” Just hang in there.

Well, alrighty, I think thats about everything. I’ll step down off my soapbox now. Have a great Thanksgiving (even though you guys don’t celebrate it, I’m sure), and, as always…

Happy Pips,
Son of Sweden

WOW!!! That was some post!!!

Firstly: I’m sure everyone is glad to ‘have you on board’ so, although you and I have ‘chatted’ recently on YOUR thread, WELCOME here!!!

Let me give my input on one or two things though:

‘The Delta Phenomenon’ is a bit of a ‘touchy’ and ‘contraversial’ subject. I cannot speak for anyone else but I’m of the opinion that we (you) keep ‘The Delta Phenomenon’ out of this thread. You and I have ‘The Delta Phenomenon’ book but, as I’ve said to you, it’s not something that ‘tickles my fancy’. With your academic background you may be able to ‘rekindle’ my interest in it but for now: (speaking for myself) I’m ‘good’ with what ‘New Concepts’ has to offer.

Now I want to throw this open to everyone on this thread:

I must admit that I’m feeling ‘pretty bad’ about the fact that it is only my ‘self trade clients’ that have the Wilder ‘indicators’ that I’ve coded for Delta. The fact of the matter is: it has never been my intention to sort of ‘force’ people to open an account at Delta and specify me as the Introducing Broker so that I could get the comission and, in return, they’d get the Wilder ‘indicators’ that I’ve coded. So my question is this: how do you, my ‘self trade clients’, feel about me making these ‘indicators’ available for download to ANYONE and EVERYONE that follows or subscribes to this thread and all updates will be posted HERE instead of sent out via my mailing list??? Send me an email letting me know what you think. Of course: the ‘Wilder indicators’ do NOT and NEVER WILL replace ‘the book’ and I’m certainly not going to spend hours and hours going through the trading systems with someone who could not be bothered to buy ‘the book’ and at least TRY to understand the trading systems on their own. But, at the same time, I don’t feel right about excluding people that I DO know HAVE PURCHASED ‘the book’ but because I’m not making any commission out of them at Delta, they’re being excluded. As I said: the opinions of my EXISTING ‘self trade clients’ comes first so please let me know what you how you all feel about this issue.

Moving on:

As I said earlier today: I’m not convinced that making changes to these systems is the way to go. I’ve spent many an hour trying to ‘tweak’ these systems (for no good reason I might add) and the changes have not ‘paid off’. Then again (as I ALSO said earlier today): this thread does NOT belong to ANY individual so I’m just giving my opinion is all.

Anyway: this post was NOT to ‘dampen’ your enthusiasm. Welcome aboard!!!

Regards,

Dale. (forexbrokersonline.net).

Dale,

Well, first off, I guess I agree to no Delta P. on this thread. Just make a point to hop over to my thread every once in a while, ok (I promise, I’ll rekindle your interest!)?

As for the other issue: Let me make this clear. I don’t want you to just ‘give away’ the indicators that you’ve spent so much time working on. But let me put it this way… if someone gets the indicators but doesn’t join Delta, then they’re not making any money off them. And if they do join, then shouldn’t they be willing to at least declare you an IB? That’s how I feel, at least. Now, I don’t know if I’d post them right out on this thread… but say someone had been following for a while and getting into the systems, then I’d say, why not (course, I am a bit biased, seeing as I WANT THOSE INDICATORS! ;):D) Course, it is up to you and your (current) clients. Either way, if they do work as well for me as I hope they will, then you can bet I’m signing up asap (I’ll convince my “partner” that its for the best).

Now, lets see if any ‘self trade clients’ are still hanging around this thread, shall we?

On a personal note: I have felt like crap today, so I’ve taken the day off studying ‘the book’. And no, I’m not a drinker, so its not like I’ve been ‘hitting it early’ or anything like that. Still, I’ll probably be on the forum a few more times tonight, so maybe I’ll talk to you then (I have to grab YM sometime, too. It’s been probably 5 years since I’ve used it. :p).

Anyways… Happy Pips,
Son of Sweden

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).

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

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

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

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

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).

JWWArticle.pdf (1.55 MB)

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).

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.

<[email protected]>

Well, catch you all later!

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

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

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).