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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: HairBall who wrote (28920)	10/10/1999 1:21:00 PM
From: JDinBaltimore	Read Replies (1) of 99985

LG I am fascinated by the substance of this post. I want to start off with a bit of ramble myself then follow with a question. I have a trading model that is completely home grown of which I will never divulge. It was contrived - if you can believe this - from being a pilot. When you fly, and possibly you've never taken notice during overcast or night landings, that the pilot ends up on the runway, in most cases <g>. It is a learned process based on instrument interpretation, ie. IFR - instrument flight rules. Trust in indicators with no visual sight of reference to maintain you're life and land the aircraft safely! Granted, I don't believe financial markets are life threatening, But I fly the indicator until my objective is met. I only trade the SPX. I only trade when the indicator is very strong for a direction change, I only take in the money positions, I don't care which side I'm on. I take the position, and immediately place sell at 3.5 points above. There may be days when there are 4 clear signals, and days with none. The disheartening aspect of this system is you're out in 3.5 points, and you sit and watch a swing of 30 points. You hit the nail on the head with that MAGNITUDE indicator. I have an idea for one that I would like to develop, and would be willing to share the premise. Would you or any other thread followers be interested in trying to develop? Best Regards JD

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