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Old 07-23-2009, 09:11 AM
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Thomas Long Thomas Long is offline
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Quote:
Originally Posted by Xiao View Post
HI Mr Long


Thank You for Elliot wave Link And I just reading Your Opinion, Yes that is very nice...

And Mr. Long, You have Very Good Knowledge So Could you Tell me Any Good System Like In This Forum A Guy Called Cmellon he Use Delta And His Delta count Is Mind Blowing so Could you Tell me Any This Type Of System In The Forex World....

waiting For your Post..


Thank you
Like the Elliott Wave, the Delta Phenomenon is an attempt to predict future market turns. It is based on the lunar cycle and it's influence on human behavior. It can be somewhat complicated and is not meant to be a stand alone approach to trading. You can find quite a bit on this subject by just doing an internet search on "The Delta Phenomenon". My real issue with this type of analysis is that new traders get caught up in trying to predict future market movement instead of reacting to what the market is currently doing. They have a tendency to support their prediction in spite of evidence to the contrary and may miss some good trading opportunities because of it. I think that new traders should first tackle the basics of trading, which includes trading with the trend and the use of strong money management before moving to more complex subject matter like Elliott Wave and the Delta Phenomenon.
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