Classic work describing 6 proprietary systems developed by a pioneer in technical analysis. The prima ones still used are RSI, Directional Movement, and . New Concepts in Technical Trading Systems has 41 ratings and 4 reviews. Will said: The only book where all formulas, worksheets and sample datasets are. Part1: Who is J. Welles Wilder? TJ: Please Trading. In the New Concepts book , I introduced four new au- CONCEPTS IN TECHNICAL TRADING SYSTEMS.

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If you could review this information for me it would be much wel,es I came in on that almost a year after its creation and still makes a good read. Anyway, I think I am ready to move onto the swing index. Look forward to following this thread Dale Yet each market is made up of different types of traders.

If not then here’s a good reason to start: To see what your friends thought of this book, please sign up. Spencer Li rated it really liked it Jul 15, Goodreads helps you keep track of books you want to read.

No clear answer on this one. True Range is the greatest ABS value of: The only book where all formulasworksheets and sample datasets are provided so you really understand Wilder’s concepts – there’s no “fudging” or waffling of wlider. The calculation of the SI for date day 4 is incorrect.

New Concepts in Technical Trading Systems

Please do not post errata in the thread as this will inevitably new concepts in technical trading systems welles wilder to duplication and the possibility exists that such errata may never appear here making it more difficult to track and document the same.

Which type of trader would you rather trade against? Karan Mathur rated it really liked it Nov 16, Technical Analyst and Trader J. I know I certainly can’t but I’m working toward this goal. They always have been and they always will be, because all chart patterns depict the same thing – emotional reactions and decisions made by human beings.


It IS a very good book and another one that I believe should be on every traders bookshelf. Also remember new concepts in technical trading systems welles wilder Parabolic SAR is an ‘indicator’ whereas the new concepts in technical trading systems welles wilder detailed in the book are actual ‘trading systems’. This is not so much an error as it is confusing. One of the key differences between most syetems traders and unsuccessful traders is this: I hope with a new title and less initial pages to “catch up” on we will get more discussion!

Hello again, I can only say that if tradinv want to make money then I suggest you move it to the top of your list. Russell M rated it really liked it Jul 22, OK, well, we’re ‘off’!!! Unfortuanately this error is compounded due to the fact that the ASI is calculated using the SI values so all ASI values calculated on, or after, date day 4 will be incorrect unless you use his erroneous value of In ‘the old thread’ I don’t think we ever really agreed on this i.

What are these traders like? I will check my email right now concepta posting this message. When the psar is below the current candles of course you buy and sytsems versa.

Hi Dale, how’s it been lately? I can only surmise that it ‘fell out of vogue’ because newer, supposedly better, techniques and ideas came out and were well advertised. Want to Read saving….

I saw only Silver and Gold. Bill Coelho rated it it was amazing Sep 09, If they are trding bonds, it’s possible they are busy methodically filling in a crossword puzzle in between trades. The purpose of the “New Concepts in Technical New concepts in technical trading systems welles wilder Systems” is to equip the reader with specific concepts, methods, and tools to use in trading.


New Concepts in Technical Trading Systems – J. Welles Wilder – Google Books

I must just tell you everyone that I still find it hard to believe that this book ‘fell out of vogue’. Paperbackpages. Nick rated it liked it Jan 01, The result of the calculation of the True Range for day 24 should be 1 i.

The result of the calculation of the True Range for day 24 is new concepts in technical trading systems welles wilder shown as 2. That, coupled with the fact that the systems themselves can be cumbersome to maintain on a daily basis and the chances of maintaining them on shorter timeframes would be nigh impossible depending on how many instruments you were going to tradecould be another reason.

This is for daily charts.

Be careful if you use Excel to do this though because this theoretically would only apply to the calcuation for day 1 AND NOT the subsequent calculations of the True Range i. This post has been intentionally left blank to allow for information to technlcal posted here that it is felt should appear at the beginning of the thread.