The Delta Phenomenon or the Hidden Order in All Markets

Rating:
Summary: A startling order of the markets revealed
Review: As a successful trader for over ten years, I thought that I had seen about every price forecasting theory ever devised. This book proved that notion false. The Delta phenomenon (actually discovered by Jim Sloman) reveals a perfect order found in all markets that can be used to forecast turning points in price behavior. Any reader familiar with technical analysis will find this book to be a great asset to their trading library. However, this book is only recommended for those who are "serious" about technical analysis. The concepts contained in the "Delta Phenomenon" are sophisticated and a novice will not find this book helpful to their trading. Personally, I have not been able to use Delta to make money in the markets -- primarily because I use other methods that I am more comfortable with -- but the concepts revealed in this book have permanently changed how I look at price behavior.

Rating:
Summary: A startling order of the markets revealed
Review: As a successful trader for over ten years, I thought that I had seen about every price forecasting theory ever devised. This book proved that notion false. The Delta phenomenon (actually discovered by Jim Sloman) reveals a perfect order found in all markets that can be used to forecast turning points in price behavior. Any reader familiar with technical analysis will find this book to be a great asset to their trading library. However, this book is only recommended for those who are "serious" about technical analysis. The concepts contained in the "Delta Phenomenon" are sophisticated and a novice will not find this book helpful to their trading. Personally, I have not been able to use Delta to make money in the markets -- primarily because I use other methods that I am more comfortable with -- but the concepts revealed in this book have permanently changed how I look at price behavior.

Rating:
Summary: It's not a trading system, it is a forecasting tool.
Review: Delta is not a trading system. It says so right in the book. It is an interesting forecasting tool. It is difficult to go through the processes presented, but it is doable. Really opened my mind.

Rating:
Summary: Delta Works -- The hidden order is there for the finding.
Review: In purchasing Delta, I thought that I was going to be able make a lot of money in the stock market since the ups and downs are already locked in. The only way you're likely to make any sort of money from this is in long term commodity futures. Even then, you're still not guaranteed success. I've given this book one star based on the fact that fundamentally Delta is utterly useless when it comes to accurate buying and selling.

Rating:
Summary: Delta Works -- The hidden order is there for the finding.
Review: While the delta phenomenon is not the holy grail of trading, when used with discipline, it can produce wonders for your trading plan. I use ONLY the delta signals and have seen papertrading results of 200% return on capital in 4 months.

Rating:
Summary: You can believe anything if you look hard enough
Review: Wow, so the markets move up and down, do they? And it appears that they do so in-step with various other observable phenomena? Only it's not always the same every time, and you have to fudge the answer regularly (inversions), and you have to put your faith in what everyone else would consider to be weird West Coast, New Age ideas? Nah, this doesn't work for me. Even if they're right, it would be soon be "traded away", because the utility of any trading system becomes marginal as soon as it is made public.
All this means is that markets allegedly turn according to some pseudo-regular cycle. But we could have figured that out anyway: in any given frame of reference, markets are not going to turn NO times, but neither are they going to turn an infinite amount of times.
Don't be sucked in by this - it's attractive, seductive and perhaps makes you want to submit, but this analysis is just as useful as any form of T.A. that requires you to recognise a real-time pattern whilst it is still forming: limited.
Finally, it's also HARD to analyse any underlier according to this prescription. Perhaps it once had some use but trust me I've used it and failed. I find other forms of market analysis much more fulfilling and, financially, rewarding. I doubt this Delta phenomenon will be able to help anyone make any money.
Sorry, but I'm just a non-believer - even though I've tried for many years to make it work.

Rating:
Summary: You can believe anything if you look hard enough
Review: Wow, so the markets move up and down, do they? And it appears that they do so in-step with various other observable phenomena? Only it's not always the same every time, and you have to fudge the answer regularly (inversions), and you have to put your faith in what everyone else would consider to be weird West Coast, New Age ideas? Nah, this doesn't work for me. Even if they're right, it would be soon be "traded away", because the utility of any trading system becomes marginal as soon as it is made public.
All this means is that markets allegedly turn according to some pseudo-regular cycle. But we could have figured that out anyway: in any given frame of reference, markets are not going to turn NO times, but neither are they going to turn an infinite amount of times.
Don't be sucked in by this - it's attractive, seductive and perhaps makes you want to submit, but this analysis is just as useful as any form of T.A. that requires you to recognise a real-time pattern whilst it is still forming: limited.
Finally, it's also HARD to analyse any underlier according to this prescription. Perhaps it once had some use but trust me I've used it and failed. I find other forms of market analysis much more fulfilling and, financially, rewarding. I doubt this Delta phenomenon will be able to help anyone make any money.
Sorry, but I'm just a non-believer - even though I've tried for many years to make it work.