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Strategies & Market Trends : Gann's cycles
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To: John Pitera who wrote (165)3/7/2001 3:49:35 AM
From: Patrick Slevin  Read Replies (1) of 191
 
Blizzard of '01 indeed. Another example of the weather forecasters screwing up commerce.

With three kids home I botched three trades today, cost me money. About once an hour my wife was screaming at one, or two were beating the daylights out of each other. Concentration was not to be had.

I did not know I was going to be so lengthy when I started the post. I would have lost the train of thought with the cutting, pasting, and saving. The computer does not go down often, it was an internet glitch.

Anyway, Chip and lip411 started a discussion on the Systems Thread and I posted a brief version of what I tried to say here. One thing that I left out was the issue that I have with patterns. With Wilder's Delta one tends to look for points and reversals throughout the day. With the way I trade now I believe that I can usually "guess" at how the day will trade by an hour into it. Before the market I have a good idea but by 10:30 EST I am almost certain of it. Delta's points tend to hit at either of three or four general times during any particular cycle day.

With Delta, it is somewhat easy to see these points in hindsight. Not so easy beforehand. Wilder's book was a disappointment to me. There was so much more he could have said. Using his book, I see what he is driving at but I cannot trade it. Perhaps it is because I am trading a difficult market, SP. Occasionally ND. I have not taken the time to attempt to apply it to other markets.

In any event, I could not begin to recall at this time everything that was running through my head that night. I was more amenable to a discussion of Delta than usual at the time.
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