![]() ![]() All well and good and at this price, probably not a complete rip-off if you don’t want to do all the research yourself, which you can of course – just takes time.PROLOGUE I never thought, even in my wildest dreams, that I would ever write this book. The vendors will make a lot more of it and pull in Fibs (even some special, secret ones) and ladle in a bit of jiggery pokery which is based around Support and Resistance and tart it up. Each higher cycle modifies the lower, so if the major cycle is up and the intermediate ‘needs’ to be on a low, the higher cycle will prevent it making as much of a low as it would if it were all by itself.īetter still, go borrow The Delta Phenomenon from your library (ask them to get it if they don’t have it – they have to oblige) and that’ll give you over 100 pages of high-quality glossy colour diagrams and about half a dozen pages that cover the real meat. Just pull up a chart, mark the major lows, intermediate lows, minor lows. ![]() ![]() To be brutally fair and honest, there is the germ of truth underlying these systems and it’s based on cycles. I like Steve despite some minor contretemps and at £467 it’s a lot cheaper than the previous MM offering at £3000. Seems to be from the same stable as Delta, Market Matrix, Nexus and now Omega. Same with the OTC markets and ‘exchanges’. You need to find out how many hours the various currency pairs sleep each day and at what time(s). If you're using it for any market or exchange that doesn’t have a discrete number of whole trading hours, such as the US markets, taking the first 90 minutes of the trading day as one hour will assist enormously.įor those thinking of using this on the FX markets, a clue – they don’t really run 24 hours a day. ![]() If you're going to get into a serious study of short-term Delta and what actually underlies what Welles originally published (now much superseded) on the longer time frames, you might what to consider breaking the calendar day down into trading hours. The use of the lunar cycle is a useful temporal aid to calculation and not to be considered in any sense as a causative effect. The Delta periodicity for each of the Delta timeframes varies depending upon which stock sector or index you're using it for. Are you talking about one specific stock sector or index trendie? ![]()
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