![]() ![]() This makes sense on the surface since Delta predicts the timing of cycles but not the magnitude, and Elliot Wave predicts magnitude but not the timing. There has also been chatter among traders that the Delta cycles work well with other indicators like Fibonacci or Elliot Wave. To be fair though, most useful technical analysis techniques are subject to interpretation, and many users of Delta say that the cycles do indeed need a lot of interpreting. The problem with that statement is that the criteria for Delta cycles is very objective and mechanical, which means that it can easily be back-tested to see if there really is an edge. ![]() It is simply an indicator used to aid in forecasting. This book is explicit in admitting that the Delta cycle is not a complete trading system. The Delta Cycles supposedly work in any market, but each individual market has a unique cycle. Other than the occurrence of an inversion, the cycles are constant, so you have the ability to extrapolate the cycle far into the future. Sometimes the cycles have a point where they change, called an 'inversion'. ![]()
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