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Hi,
I've received many responses to my previous post on this subject.
While I will not divulge my methods, I will offer the following
recommendation:
Disregard Wilder's series as shown in the book, and determine them yourself.
The Delta series that I trade is the intermediate one, with points typically
coming 1-2 weeks apart.
I've pored over many, many charts of different markets, in some cases 25
years worth of data.
The inescapable conclusion is that the Delta principle is unquestionably
amongst the best timing indicators for trading.
Now, that doesn't mean that it's perfect, and it doesn't mean that you can't
lose money on a trade.
It does mean that you can usually buy near the low, and sell near the high,
catching the bulk of a price move.
What I do is to use Delta for timing, chaos theory and swing objectives for
price, and aggressive risk management to keep the occasional loss to a
minimum.
Good luck,
Warren
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