How to Use the Delta Phenomenon by Welles Wilder to Trade Forex
The Delta Phenomenon is a trading method developed by Welles Wilder, the author of several popular technical analysis books such as New Concepts in Technical Trading Systems and The Adam Theory of Markets. The Delta Phenomenon is based on the idea that there is a hidden order in the movements of the market that can be revealed by studying the cycles of the moon and the sun.
In his book The Delta Phenomenon or The Hidden Order in All Markets, Wilder explains how to identify the delta cycles for different markets and time frames, and how to use them to predict the future direction and turning points of the price. He also provides a software program called Delta Graphics that can help traders apply the delta method to any market.
However, some traders may find it difficult or inconvenient to use Wilder's software or book, especially if they want to trade forex. Forex is a 24-hour market that does not have a fixed opening and closing time like stocks or futures. Therefore, the delta cycles may vary depending on which time zone or broker you use. Also, Wilder's book and software are quite expensive and may not be easily available for everyone.
Fortunately, there is a way to use the delta phenomenon by Welles Wilder to trade forex without having to buy his book or software. All you need is a free pdf merge tool that can combine multiple pdf files into one. Here are the steps to follow:
Download the free pdf files of Wilder's book The Delta Phenomenon or The Hidden Order in All Markets from this link: https://archive.org/details/TheDeltaPhenomenonOrTheHiddenOrderInAllMarkets
Download the free pdf files of Wilder's newsletters The Delta Society International from this link: https://archive.org/details/TheDeltaSocietyInternational
Use a free pdf merge tool such as https://www.ilovepdf.com/merge_pdf to combine all the pdf files into one. You can also use any other pdf merge tool of your choice.
Open the merged pdf file and read it carefully. You will find all the information you need to understand and apply the delta phenomenon by Welles Wilder to trade forex.
Use a free charting software such as https://www.tradingview.com/ to plot the delta cycles on your forex charts. You can also use any other charting software of your choice.
Follow the rules and guidelines given by Wilder in his book and newsletters to trade forex using the delta phenomenon. You can also modify or adapt them according to your own style and preferences.
By following these steps, you can use the delta phenomenon by Welles Wilder to trade forex without having to spend a lot of money or time. You can also benefit from the insights and wisdom of one of the most respected technical analysts in history. However, remember that trading involves risk and you should always do your own research and testing before risking your money in the market. aa16f39245