My Mentorship with Welles Wilder and four more
Saturday, December 7, 2013 08:00 MST » 10:00 EST
The guest speaker for our December 7th Denver Trading Group meeting is Kirby Cooper. Kirby lives in Burlington, NC.
- "My Mentorship with Welles Wilder"
- "Welles Wilder's RSI & MA Method that Many Funds Use"
- "Delta as a Timing Tool"
- "My Mentorship with Gary Steckel"
- "Strategic Analysis Indicator as a Price Tool"
About Our Speaker
Kirby was mentored for over 10 years by his father-in-law Welles Wilder, the author of "New Concepts in Technical Trading" and "The Delta Phenomenon". While working for Mr. Wilder, Kirby learned how to time the markets using principles found in The Delta Phenomenon and to apply RSI, the Relative Strength Index as Funds use it. Kirby will describe that method which uses the RSA & moving averages.
The DELTA secret was discovered by gifted math genius Jim Sloman working alone in Chicago in the summer of 1983. Mr. Sloman described DELTA as a Greek letter derived from a word meaning 'door, in this case a door to the unknown. Jim sold the secret to Mr Wilder for over $1,200,000. Wells Wilder then shared the secret of Delta with 72 others for $35,000 each. They said they got even more than expected.
Mr. Wilder revealed the DELTA secret. It takes only 16 words: MARKETS REPEAT DIRECTLY OR INVERSELY RELATIVE TO THE TOTAL INTERACTION OF THE SUN, MOON, AND EARTH. Stop a minute and consider the implictions of that statement. The turning points shown on the charts will continue into the future as long as the Sun, Moon, and Earth continue in their present orbits - that is, continue doing what they have been doing since man has been on this earth.
Time can be broken down into the intermediate, medium and long term turning points using weekly and daily charts. The long term DELTA gives the major direction and major turning points. Using this with the intermediate term DELTA gives the complete picture. As one Delta member described: "It's like having a flight plan prepared for your trade. You know the direction you are going and how long it will take to get there." On these charts Kirby applies technical tools from Fibonacci and RSI to help define tops, bottoms and continuation moves.
In the past 3 years, Gary Steckel, a fund manager mentored Kirby on his logic, the Strategic Analysis Indicator or SAI. This logic was developed by Mr. Steckel and used to manage large funds on the Forex and the futures markets.
The SAI logic measures the "energy" of the market and uses a reflection of that source of energy in defining the numerical break-out levels for daily, weekly & monthly time periods. The logic is very dynamic and adaptive to the present market conditions and not based on the distant past like most models use, where their components are constant in relation to the market's own energy and velocity. An example is a nine-period moving average or any oscillator, for example: MACD. The Strategic Analysis Indicator is able to define a break-out level and four profit levels where the market will potentially stop or turn.
At this DTG workshop, Kirby will go through his theory on Time and Price using Delta Graphics software to define Time, and Trade Navigator Software from Genesis Financial Technologies to define Price. With these tools, Kirby will chart many of the key markets of interest today.
At this Denver workshop Kirby will go through his theory on Time and Price using Delta Graphics software to define Time, and Trade Navigator Software from Genesis Financial Technologies to define Price. With these tools, Kirby will chart many of the key markets of interest today. Kirby's current activities include writing a Time and Price Letter, overseeing a Forex account trading the SAI Aggressive Forex Strategy with VanKar, and trading on the Time and Price concepts mentioned in the DTG presentation.
Don't miss Kirby Cooper's presentation at the December 7th Denver Trading Group meeting...
Amount of historical data varies from 30 days to 14 years depending on the membership you choose.