Peter said:Has anyone had any sucess with Welles wilders Delta phenomenon.
I just bought the book ?
TheBramble said:Peter I used it for a while (about a year) and had as many wins as losses. So with good money management, you could do OK.
However, although I enjoyed the basis of the research, in practise, it's largely untradeable.
Couple that with the EXTREMELY subjective interpretations of turning points and inversions from the DSI monthly newsletter AND that fact that we in the UK get it 6 weeks late AND that it takes a lot of mucking around to switch the HIGH-LOW points on what seems little more than a whim from Wilder Central in order to match the performance of the system with reality and you're better off tossing a coin.
I'm not disputing the possibility that the underlying basis of Delta has substance - not at all.
There's also the issue of the UK representative who markets it. A bit short on personal communications skills...
However, it's a good read and the software is fun to play with.
I presume by another system you mean Ocean Theory. Does anyone have any actual experience of using Ocean Theory or gone on the course?DaveJB said:Welles Wilder (he of RSI fame, etc) met a chap who claimed he could predict markets, who then persuaded WW he could indeed do that. WW seems to have bought the chap out (Jim Sloman, or soemthing like that) as the chap is now selling a different system that is, presumably, even better.
Maybe try asking about Nexus...Peter said:I also had problems getting a reply from The UK rep. So far I havent had any replies to my questions on Delta.
Yes I am using it, it is very very expensive, with no details on how to trade it, you get a couple of basic indicators plus some theory.I presume by another system you mean Ocean Theory. Does anyone have any actual experience of using Ocean Theory or gone on the course?