Delta Trading - The Foundation Of Predicting Market Turning Points. The Delta trading Phenomenon was discovered by a man named Jim Sloman who then sold his idea and contributed more to Welles Wilder, founder of technical analysis indicator Relative Strength Index (RSI).

Let me tell you this much: I SURE hope that 'The Delta Phenomenon' is 'on the mark': is anybody watching the Dow, Nasdaq, and S&P Futures today??? Something really good had better happen before the NYSE opens tomorrow I'll tell you!!! On the other hand if it turns out to be an 'inversion' then it's 'oh fu*k' for the Dow!!!

But that's the problem i.e. I need to know where to put the '1' because an inversion can only (is only) supposed to occure at a point '1'. Are we at a point '1' now (I mean is a point '1' supposed to be somewhere around the 22 Jan grid line)???

Dear Delta Followers, I hope that a couple of you are following this post and saw the DJIA fall at scary speed down some 400 points. My prediction of the low was 11967, now the low fell through that and hit the 3.140 fib ext of the last correction, I did not expect the move to be so strong, but it closed within three point of my price. If this is the low then I would not expect it to close no lower than this price from now on. Tommorrow is the seventh day of this fall, I think the bottom is in. Hey smalldog2, Good on you (and the rest of us). Download full mp3 hargai aku stafa band.

The Dow is UP as I type. (Bad hangover today though that's why 'so quiet' today)!!!

I see the S&P is also up so far today but I'm worried about the Nasdaq: why is it lagging behind? I had to edit this message (for anyone that saw the original version my 'figures' were wrong): I just noticed something. For some or the other inexplicable reason my broker has a 'f*ck up' on the US CFD's and indices i.e.

The bar for yesterday is 'combined' with the bar for today i.e. There is no new bar for today only yesterdays bar combined with the movements for today almost as if the charts did not 'tick over' yesterday. How about that!!! I must tell you that I'm 'battling' with Delta on these instruments though i.e. I had another good look today and I don't know if it's just because of my hangover or what but it's not that 'clear' on them.

On the Gold charts it just 'jumps' out at you though. Oh well, I'll 'draw some more colored lines tomorrow' and see what I come up with. Maybe something will 'jump out at me' again tomorrow!!! Just for interest sake I thought I'd attach a current chart of the Dow with 'basic' Delta plotted.

'Uncanny' is the only word that comes to mind!!! (For a 'larger' and much 'clearer' 'full size view' download this file if you like): (This chart has Wilders Volatility System and ASI from the Swing Index System overlayed as well but NO comments or markups as on the 'thread chart'). Just thought I post for 'interest sake'.

Edit: Just thought I'd attach a chart from about a week ago as well i.e. Prior to the current one for comparison purposes (sorry the quality of the older chart is not so great but you can still read my 'Delta predicitions')!!! (The older chart is the second one in this post). Just to let you all know that I have not been sitting on my laurels and watching you good people post, no I have been getting down and dirty with the king of pattern trading Mr larry Pesavento.

Now, I could not get Delta to work for me because I am a wild sort of guy that hate having his stop kicked and I would rather make 4 pips then have a 50 point stop hit, so what have I been doing. I called Mr Pesavento, who by the way is one hell of a nice guy and asked him to teach me all he knew about patterns. For the past three weeks I have been getting his chart and studying them to see how a master see the markets. Very, very educational. I would say that in retrospect Delta looks fantastic especially if you move your points around a bit, but we are in the business of trading the market and not predicting the future. Delta is a fixed time based system, very similar to that proposed by Hurst, now the markets are not based on static cycles, the cycles are dynamic in as far as they expand and contract. Think of it like this, you can fib price and project where the next wave might end, it is not set in stone, but I like most traders use it and it can be very very accurate.

But what about time, how many off you use fib time to project the current wave forward, not many, because time is a hard concept to get your head round, price is easy. I use time in my trading and now I regularly make money instead of losing it like I did when I started. Thats not to say I don't lose, of course I do and this is where my next reverlation is going - money management we often hear about it but seldom practice it especially in the begining. You can day trade with 15 point stops - once I am in a contract that stop get pushed over the last bar high or under the last bar low and I only move it in the trade direction. I often get stopped out for a small profit, where as when I traded a delta method, I would often get hit for 100-200 point loss waiting for the market to turn.