Hello.
I realise that this has become a 'corpse thread' (just love that description) but it sort of 'popped up' at the bottom of the screen while I was replying to someone on another thread.
The Delta Phenomenon and The Adam Theory of Markets??? Mumbo Jumbo??? I used to think so too. Now: I'm not so sure I'll tell you (at least insofar as Adam Theory goes anyway and in all fairness I never really gave The Delta Phenomenon 'a fighting chance' because it was WAY 'over my head').
Put it this was: my entire trading career has been based on Wilder's trading systems in 'New Concepts In Technical Trading Systems' (mainly his Swing Index System). I was given The Delta Phenomenon (just the book) and I think I even started a thread somwhere here at some point on the subject. But it was (or SEEMED to be anyway) a 'flaky' and without the software or being a member of The Delta Society it's not something I felt comfortable with i.e. WAY to much room for 'personal interpretation' (unfortunately I need 'trade-by-number' as in 'paint-by-number' technical trading systems that leave very little to my own intepretation or imagination). An not too long ago I decided to take a look at The Adam Theory of Markets (not for any particular reason I must add). I couln't help thinking that I've 'entrusted' my trading career and money to Wilder so why doubt his other, and later, works??? Well I was surprised. Put another way: even if you leave Adam Theory 'out of the equation' it's a FANTASTIC book (especially for any new traders). The text alone and the rules set out and the insights in the book are worth the price let me tell you. Anyway (again for no GOOD reason really): I've been 'dabbling' with Adam Theory for a little while now and that's why I noted above that I'm not TOO SURE that it's 'mumbo jumbo'!!! Alright: I don't trade FOREX but I DID in fact take a small short on EUR/USD based on Adam and, well, whether it be 'beginners Adam Theory luck' or Adam Theory that really does have merit I know not. But that trade turned out to be 'stellar'. Unfortunately I had to close it to cover a huge loss on the most SPECTACULAR of opening gaps that happened when the US Futures opened for Trading on Tuesday (well 'my' Tuesday anyway). But the point is that I'd STILL be short on that trade right up until today and even THAT trade I got in 'late' i.e. it would have been worth WAY more had I been 'solving (that word I got from my messing around with The Delta Phenomenon) Adam a few weeks prior because Adam would have had me 'in' at a much higher price. Not only that: but the trade never at ANY stage turned to a loss and obviously not a single whipsaw (which unfortunately is what I live with on a day-to-day basis trading my main trading system but I'm alright with that NOW anyway)!!! LOL!!!
Anyway: just my $100 worth on the subject.
If anyone is interested there is a current thread on this very topic that I have going on BabyPips (see the link below). Feel free to 'chime in' anybody that's interested. Alright: 'one spectacular trade doth not a trading system make'. That I'm fully aware of. But hey: I'm giving it (Adam Theory) a 'fighting chance' anyway. I THINK the difference between Adam Theory and The Delta Phenomenon lies in the fact that Adam Theory simply ensures 'forcibly' that you're trading WITH the market and not AGAINST the market i.e. it's not a 'prediction tool' (which was my INITIAL impression) as is, I believe, The Delta Phenomenon. And that's a BIG difference.
Anyway and like I said anybody interested can 'chime in' if they feel like it here:
http://forums.babypips.com/newbie-is...ilder-jnr.html
Regards,
Dale.
Edit:
After looking back on this thread I just realised that I'd been posting about The Delta Phenomenon right here back in 2008 already!!! LOL!!! Weird.
I realise that this has become a 'corpse thread' (just love that description) but it sort of 'popped up' at the bottom of the screen while I was replying to someone on another thread.
The Delta Phenomenon and The Adam Theory of Markets??? Mumbo Jumbo??? I used to think so too. Now: I'm not so sure I'll tell you (at least insofar as Adam Theory goes anyway and in all fairness I never really gave The Delta Phenomenon 'a fighting chance' because it was WAY 'over my head').
Put it this was: my entire trading career has been based on Wilder's trading systems in 'New Concepts In Technical Trading Systems' (mainly his Swing Index System). I was given The Delta Phenomenon (just the book) and I think I even started a thread somwhere here at some point on the subject. But it was (or SEEMED to be anyway) a 'flaky' and without the software or being a member of The Delta Society it's not something I felt comfortable with i.e. WAY to much room for 'personal interpretation' (unfortunately I need 'trade-by-number' as in 'paint-by-number' technical trading systems that leave very little to my own intepretation or imagination). An not too long ago I decided to take a look at The Adam Theory of Markets (not for any particular reason I must add). I couln't help thinking that I've 'entrusted' my trading career and money to Wilder so why doubt his other, and later, works??? Well I was surprised. Put another way: even if you leave Adam Theory 'out of the equation' it's a FANTASTIC book (especially for any new traders). The text alone and the rules set out and the insights in the book are worth the price let me tell you. Anyway (again for no GOOD reason really): I've been 'dabbling' with Adam Theory for a little while now and that's why I noted above that I'm not TOO SURE that it's 'mumbo jumbo'!!! Alright: I don't trade FOREX but I DID in fact take a small short on EUR/USD based on Adam and, well, whether it be 'beginners Adam Theory luck' or Adam Theory that really does have merit I know not. But that trade turned out to be 'stellar'. Unfortunately I had to close it to cover a huge loss on the most SPECTACULAR of opening gaps that happened when the US Futures opened for Trading on Tuesday (well 'my' Tuesday anyway). But the point is that I'd STILL be short on that trade right up until today and even THAT trade I got in 'late' i.e. it would have been worth WAY more had I been 'solving (that word I got from my messing around with The Delta Phenomenon) Adam a few weeks prior because Adam would have had me 'in' at a much higher price. Not only that: but the trade never at ANY stage turned to a loss and obviously not a single whipsaw (which unfortunately is what I live with on a day-to-day basis trading my main trading system but I'm alright with that NOW anyway)!!! LOL!!!
Anyway: just my $100 worth on the subject.
If anyone is interested there is a current thread on this very topic that I have going on BabyPips (see the link below). Feel free to 'chime in' anybody that's interested. Alright: 'one spectacular trade doth not a trading system make'. That I'm fully aware of. But hey: I'm giving it (Adam Theory) a 'fighting chance' anyway. I THINK the difference between Adam Theory and The Delta Phenomenon lies in the fact that Adam Theory simply ensures 'forcibly' that you're trading WITH the market and not AGAINST the market i.e. it's not a 'prediction tool' (which was my INITIAL impression) as is, I believe, The Delta Phenomenon. And that's a BIG difference.
Anyway and like I said anybody interested can 'chime in' if they feel like it here:
http://forums.babypips.com/newbie-is...ilder-jnr.html
Regards,
Dale.
Edit:
After looking back on this thread I just realised that I'd been posting about The Delta Phenomenon right here back in 2008 already!!! LOL!!! Weird.