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. It's clever, and you can see it working quite often, but turning that into a profit is far from easy - when you think about it picking the trader is almost the easiest part of it all, timing the exit is much harder in my view and you cannot just let Delta run point to point with your money attached.ĭelta's own newsletter writer seems to have very mixed luck with it, he is presumably spending 24/7 trying to get it right - I have to agree with Tony's general theme here, it's clever but it's not particularly useful. I'd have to say that it is quite expensive to buy into, the book costs enough but the membership is rather higher, and I can't say it adds noticeably to ones trading armoury. įar more of a problem, in my view, is that there's no telling how far the move ought to go, it is far to easy to bail out far too early or late and produce a loss whilst 20:20 hindsight shows what appears to be completely obvious signals. It has good and bad about it, one resolution of the turning point inversion 'on a whim' is not to bother - the day should show a trend reversal, so as long as you know which way it's going so far.
0 Comments
Leave a Reply. |