|
PureBytes Links
Trading Reference Links
|
I know I'm going to be sorry posting this. After so much slamming back and
forth I suppose I am allowing my "Irish" to drag me into the thick of an argument.
I tried Delta in the early 80s when it ran on an Apple 2. I also picked up the
book in the early 90s and thought it was interesting but did not use it.
But in February of last year a trader showed me how to use a form of Delta on
an intraday basis. So today I daytrade almost exclusively and trade S&Ps
almost exclusively. I don't rely on Delta; it's just another tool.
The application I have found to be very useful. But I tried it for a year in
the early 80s. I read the book perhaps 6 or 7 years ago. I was unable to apply
it until a year ago. It's just not that easy to understand without someone
physically going through it with you, and also being aware that it cannot
govern your life.
I find it no stranger than someone counting waves or looking for head and
shoulders tops or hanging men or any of the other stuff people look at.
I'm not a Delta member, director....I have no association with Delta; so
please, I'm sure there are plenty of anti-Deltas out there.......I'm not
trying to push anything so hold off and don't send me angry messages.
Further, I cannot explain how it is used intraday on an e-mail conversation.
I'm sure E-Wavers, et cetera, would have similar difficulty. So my second
request is that I hope I don't get a lot of mail asking me how. It's just a
technique, it's helped me be profitable, and that's all I care about.
--PJS
Tom Alexander wrote:
>
> Hi John,
>
> Sounds as if you have had quite an interesting experience with your Delta
> friends. Seems to me that if Delta was all that great people wouldn't be
> falling all over themselves to defend it, especially with private hate
> e-mail. If I was a satisfied Delta devotee and detected a public detractor
> I'd thank my lucky stars (get it - pardon the pun) and laugh as I admired
> my trading account balance.
>
> On the other hand, if I had spent thousands and thousands of dollars for
> something I was still struggling with that works about as well as, say, an
> RSI indicator, then I might tend to be a little defensive towards perceived
> criticism.
>
> Just remember, in trading the exercise of critical thinking is most
> important, just be wary when it exposes other's lack thereof.
>
> Regards,
>
> Tom Alexander
>
|