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New Concepts in Technical Trading Systems | 
 enlarge | Author: J. Welles Wilder
Publisher: Trend Research
Category: Book
List Price: $65.00
Buy New: $48.46
You Save: $16.54 (25%)
New (2) Used (7) from $48.46
Rating:  13 reviews
Sales Rank: 28534
Media: Hardcover
Pages: 142
Number Of Items: 1
Shipping Weight (lbs): 1.4
Dimensions (in): 11.2 x 8.6 x 0.8
ISBN: 0894590278
Dewey Decimal Number: 332
EAN: 9780894590276
ASIN: 0894590278
Publication Date: June 1978
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: FREE BOOK with purchase! "Keeping a Cool Head in a Hot Market", a $10, 40 page E-book. Mint condition, prompt shipment, in business since 1975.
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| Customer Reviews: Read 8 more reviews...
 Best sell-by date has passed December 4, 2008
ML (Singapore)
This book contains the indicators that has made Wilder famous; RSI, ADX, parabolic stops, and a few others. Wilder is almost the "father of the indicator" so this book is a classic. The book also contains tables and columns so that you can calculate the indicators by hand. Remember this book was published before the PC.
Today you can get these indicators described in most textbooks on technical analysis and you don't need to do hand-calculations, so I don't see a need to also buy this book. If you want the original source go ahead and by this book. Otherwise give this book a pass.
I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.
 Shhhh! Please don't tell anyone! September 16, 2008
Big Pecs 8 (Pompano Beach, FL)
1 out of 3 found this review helpful
I was first introduced to this book in 1983. I didn't merely read this book, I absorbed it.
I learned that doing the mathematics was only the beginning. With alarming ease, you could actually "feel" the market and it's strength or weaknesses long before it was being reported on CNN and CNBC.
ADX and DMI are now part of my everyday breathing and eating.
I really can't describe how much $$$ it has saved me and how much $$$ I've made from learning about Welles Wilder.
But please, let's just keep it a secret amongst friends.
Don't tell anyone about this book and if someone asks, you've only heard of Welles Wilder from gypsy fortune tellers and, besides, he was committed to the looney bin years ago.
And if anyone is bright enough to suspect you're not quite telling them the truth, just lie!
New Concepts in Technical Trading Systems July 25, 2008
M. Kellogg (Washington DC)
2 out of 2 found this review helpful
I have been purchasing books on trading for many years and recently it was suggested that I could find more detail on the RSI in Wilder's book so I purchased it. The book is dated - basically written before PCs were available for charting the indicator so much of the book goes through the manual calculation of ADX and RSI indicators which is fine. What is suprising is the lack of depth in setting the parameters which is understandable since all of the work in the book was manually calculated. Several "system" approaches are described but in modern terms I don't see them as very effective. Basically the book served the purpose of describing the indicators but in reflection the book is much to dated to recommend. You can find the same info on the Internet for free at some trader's website with some searching.
 Even after 30 years, it still has value... February 10, 2008
rmr7 (Northeast NJ)
As other reviewers have pointed out, many of the techniques first described in New Concept in Technical Trading have filtered into common practice, as well as most charting software.
In spite of its influence, many of Welles Wilder's ideas outlined in this book still haven't been discussed much. This lack of discussion is by no means a reflection of their usefulness.
For example, how often do you see systems like the reaction trend system, that has a default setting of trading short term swings in counter trend fashion, but also has the capacity to shift gears, and follow the trend, should one arise? As the markets have become tougher, having a system like this (in reality, 2 systems in 1), is essential.
Or how about the swing index, which provides an alternative formula and chart to objectively identify the concept of a price "swing", useful in finding appropriate places to set stops?
This is a great book for the technician interested in developing a system.
JUST ONE AND BEST December 21, 2007
Thunderbolt
DMS is the best system I ever known and works well for me
Thank you Mr Wilder.
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