YouTube - The Real Delta Phenomenon | Forex Factory

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YouTube - The Real Delta Phenomenon

  • #1
  • First Post: Sep 24, 2015 11:08am Sep 24, 2015 11:08am
I created a You Tube video explaining how to do Delta phenomenon solutions with no inversions.

Inserted Video
Price movement is not random!!
  • #2
  • Sep 24, 2015 12:54pm Sep 24, 2015 12:54pm
Wrong. Price movement , at least in the short term, is random. Anyone who has taken a freshman econ class knows that. BTW, Welles Wilder's claim to fame was making useless crap indicators that don't work. I've never heard of Sloman's delta" theory. I have however heard of "ocean theory" , another piece of useless BS garbage that will lose you money if you trade with it. After googling, I found Sloman was apparently the "genius" behind it as well.

Anyway, to all who use this stuff, I have but one simple question - have you bankrupted Goldman Sachs yet? No? I didn't think so....
  • #3
  • Sep 25, 2015 10:47am Sep 25, 2015 10:47am
Posted a new video on how to do 2 lunar month Delta for intraday trading of forex.

Inserted Video
Price movement is not random!!
  • #4
  • Edited 2:04pm Sep 25, 2015 1:52pm | Edited 2:04pm
Hi Russell, I too use some of Wilders work. His indies have stood the test of time.

My question is rather simple. Why go through all of that number crunching when price will tell you what you need to know?

I am asking because I am always looking to get better in my trading. I am open to any and all ideas.
If you are good at something, never do it for free--Joker
  • #5
  • Sep 25, 2015 4:37pm Sep 25, 2015 4:37pm
Quoting jmn5611
Hi Russell, I too use some of Wilders work. His indies have stood the test of time. My question is rather simple. Why go through all of that number crunching when price will tell you what you need to know? I am asking because I am always looking to get better in my trading. I am open to any and all ideas.
Price AND time are what you need to know. Thanks for the post.
Price movement is not random!!
  • #6
  • Sep 25, 2015 11:31pm Sep 25, 2015 11:31pm
Quoting 4xis2ez
{quote} Price AND time are what you need to know. Thanks for the post.
My first mentor was WD Gann. I was lucky enough to have the resources to buy all of his books, and most of the books of the people who wrote about him. My question remains the same. WHY do we need price and time.

Gann himself verified his predictions with price action. If price does not move as we expect on the day of the turning point, do we take the trade anyway? I am curious to know what you think.

And Russell, this is not a gotcha setup. You have put out some good work. I really want to know what you think.
If you are good at something, never do it for free--Joker
  • #7
  • Sep 25, 2015 11:37pm Sep 25, 2015 11:37pm
This is a odd day for me. I remember this book from when i started trading years ago. Then i said nope not gonna do 200 bucks. Well i bought it on ebay last week. just got it today. 10 years older and more versed in the market i read it cover to cover. I am having some issues doing the calculations.

so i started googling and low and behold i found these two videos then finally found my way here where the author resides. I just started an excel spread sheet and coding in ninjatrader to populate the lines. I am doing this more for interest at this point. I was really hoping that maybe the author Russ would take the time to show how to get the intermediate lines. Or possible walk through even another stock etc.

I would deeply appreciate it and I can share the code for ninja if i get things working

Thanks
P.S any more info would be great

I am available on skype also
timmyb46
  • #8
  • Sep 26, 2015 12:20am Sep 26, 2015 12:20am
Quoting gravitist
Welles Wilder's claim to fame was making useless crap indicators that don't work.
Depends on how you define 'work'.
  • #9
  • Sep 26, 2015 2:28am Sep 26, 2015 2:28am
Quoting Atokys
{quote} Depends on how you define 'work'.
Delta Phenomenon.. I would define "work" as charging 30,000 USD for the "secret"
Wold you believe that some people actually paid that money ? ... yes indeed.
  • #10
  • Sep 26, 2015 4:56am Sep 26, 2015 4:56am
Welles Wilder did decent work, whether or not his indicators 'work' is up to you.

Quoting Mingary
{quote} Delta Phenomenon.. I would define "work" as charging 30,000 USD for the "secret" Wold you believe that some people actually paid that money ? ... yes indeed.
?
  • #11
  • Sep 26, 2015 5:51am Sep 26, 2015 5:51am
Quoting jmn5611
{quote} My first mentor was WD Gann. I was lucky enough to have the resources to buy all of his books, and most of the books of the people who wrote about him. My question remains the same. WHY do we need price and time. Gann himself verified his predictions with price action. If price does not move as we expect on the day of the turning point, do we take the trade anyway? I am curious to know what you think. And Russell, this is not a gotcha setup. You have put out some good work. I really want to know what you think.
Hi again,
Delta is just a tool. It tells you the approximate timing of turn points. Best used when using a longer and shorter Delta time frame are looked at together. When both time frames line up in the same direction, it could be a worthwhile move. Nobody knows how far a market will move regardless of your trade strategy. Did traditional technical analysis tell you that the flash crash on Aug 24 was going to happen? No it did not. But the Delta cycles suggested a down move would take place, just not how far.
Price movement is not random!!
  • #12
  • Sep 26, 2015 6:06am Sep 26, 2015 6:06am
Quoting 4xis2ez
{quote} Hi again, Delta is just a tool. It tells you the approximate timing of turn points. Best used when using a longer and shorter Delta time frame are looked at together. When both time frames line up in the same direction, it could be a worthwhile move. Nobody knows how far a market will move regardless of your trade strategy. Did traditional technical analysis tell you that the flash crash on Aug 24 was going to happen? No it did not. But the Delta cycles suggested a down move would take place, just not how far.
Hi,

Traditional TA did tell us the the flash would happen. How do I know? I participated. I can show charts if you want.

My thing is this, I have studied time cycles in very great detail. But what I have never discovered is whether time cycles are predictive or not. So far, I have not seen this to be the case. I am writing on this thread because I am very hopeful to be proven wrong. If you can put out there in real time how time cycles matter, for me, that would be the last piece in the puzzle.
If you are good at something, never do it for free--Joker
  • #13
  • Sep 26, 2015 7:56am Sep 26, 2015 7:56am
My opinion is that the "when" of market motion is where it's randomness is due to market participants changing so much.

For "when" to be a truly reliable and predictable element, the same actions have to be taken by the same market participants over and over again.

I think there are general patterns that are very traceable and trade worthy but even these have to be handled with excellent money management because of what can happen between the start of the trade and the completion of it.
"Holy Grail" exists - accepting where is the first step.
  • #14
  • Sep 26, 2015 9:13am Sep 26, 2015 9:13am
Quoting jmn5611
{quote} Hi, Traditional TA did tell us the the flash would happen. How do I know? I participated. I can show charts if you want. My thing is this, I have studied time cycles in very great detail. But what I have never discovered is whether time cycles are predictive or not. So far, I have not seen this to be the case. I am writing on this thread because I am very hopeful to be proven wrong. If you can put out there in real time how time cycles matter, for me, that would be the last piece in the puzzle.
Hi again,
The first video gives the future turn points starting the full moon day of Sep 28, this Monday for gbpusd. I have the approximate dates of the turn points plotted into the future. Take a screen shot of that and at the end of the lunar month, check out how it worked out. I don't know what else to say. It is not perfectly accurate. Maybe your looking for perfectly accurate timing. I can't help you there.
Good trading jmn
Russell
Price movement is not random!!
  • #15
  • Sep 26, 2015 9:18am Sep 26, 2015 9:18am
My reason for posting these video's is I am trying to convince the Delta Society to buy the rights to my discovery about their Delta Phenomenon and how it can be improved. In 1983, Welles Wilder paid Jim Sloman $1.25 million for his discovery. Just a fraction of that amount would be nice for me.
Price movement is not random!!
  • #16
  • Sep 26, 2015 9:27am Sep 26, 2015 9:27am
Quoting 4xis2ez
My reason for posting these video's is I am trying to convince the Delta Society to buy the rights to my discovery about their Delta Phenomenon and how it can be improved. In 1983, Welles Wilder paid Jim Sloman $1.25 million for his discovery. Just a fraction of that amount would be nice for me.
That is an interesting piece of info...

1) Welles Wilder knows his "Della Phenomenon" is a big con.
2) Jim Sloman knows his "Ocean" stuff is Snake Oil

==> how in the world could Welles Wilder have paid $1,25 million? My guess is that it was a lie, part of a marketing ply to entice the gullible.
I am curious what is your opinion as to what really happened ?
  • #17
  • Sep 26, 2015 1:50pm Sep 26, 2015 1:50pm
Quoting 4xis2ez
{quote} Hi again, The first video gives the future turn points starting the full moon day of Sep 28, this Monday for gbpusd. I have the approximate dates of the turn points plotted into the future. Take a screen shot of that and at the end of the lunar month, check out how it worked out. I don't know what else to say. It is not perfectly accurate. Maybe your looking for perfectly accurate timing. I can't help you there. Good trading jmn Russell
Very fair.

Thanks for the contribution Russell, and good luck!
If you are good at something, never do it for free--Joker
  • #18
  • Sep 27, 2015 9:01am Sep 27, 2015 9:01am
Quoting jmn5611
{quote} Very fair. Thanks for the contribution Russell, and good luck!
Hi jmn
I think I misunderstood your question. Yes, you want price action to be moving in the expected direction before entering a trade. The cycles is not a system that tells you when to go long or short. It is an additional form of analysis. It can help you determine how long a swing may last. If price moves early before the expected timing of a turn point, you can't do anything about that. But if it is "on time" or late, you can be ready for it.
Price movement is not random!!
  • #19
  • Sep 27, 2015 10:04am Sep 27, 2015 10:04am
Quoting 4xis2ez
{quote} Hi jmn I think I misunderstood your question. Yes, you want price action to be moving in the expected direction before entering a trade. The cycles is not a system that tells you when to go long or short. It is an additional form of analysis. It can help you determine how long a swing may last. If price moves early before the expected timing of a turn point, you can't do anything about that. But if it is "on time" or late, you can be ready for it.
I see. So my guess would be if you have a situation where price turns when the Delta predicts, you can be more confident in your trade and act accordingly?
If you are good at something, never do it for free--Joker
  • #20
  • Sep 27, 2015 4:14pm Sep 27, 2015 4:14pm
Quoting jmn5611
{quote} I see. So my guess would be if you have a situation where price turns when the Delta predicts, you can be more confident in your trade and act accordingly?
Correct........
Price movement is not random!!
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