Replies to post #7073 on MDA - Market Direction Analysis (MDA)

[LG]

WLorD: No offense taken. Over the years on SI and IHub I have on many occasions done exactly what you have requested.

When I am not actively making trades, I rarely post about trades. If I don't have my money on the line, I don't think it fair to influence others, even when I really think I am right.

Currently I am not aggressively trading the markets, but once I do begin again, I will post entry and exit setups, triggers and stop loss points more often in an effort to share what I do. Sometimes I will use Index Tracking Stocks like the QQQ and at other times I will point out what I believe to be a good equity opportunity. However, I am not interested in posting every trade I make, I just don't have the inclination. The proof of true success in doing what we do for a living is evidenced in how it improves our lives monetarily and through the freedom of setting one’s own schedule.

Be advised, I have no intentions of compiling a trading record online. My ego does not require it. If folks prefer to devalue my input as a result, then so be it. I much prefer to have an improving portfolio than online “at-a-boys”.

By the way, I wish I could just pull winning trades, pivot points, etc out of my ass...gg, the fact is, all of my analysis boils down to educated guesswork Everything I do is based on methods and techniques that I believe give me high percentage opportunities to profit. Given the fact that all predictive analysis is guesswork, I am destined to be wrong at times and that is where backup exit strategies come into play.

Making money in the markets is as much about managing your trades properly as being right.

Regards,
LG

[LG]

OK WLorD: Here you go, if I can get this posted before it
breaks...gg

Bearish pennant in the works...My weekly model is still in
overbought; my daily model has begun to roll down out of
overbought. My intraday modles are mixed. I always prefer when
they all line up, but that just does not happen enough, so you
must learn to interpret how they affect one another and when. My
130 and 65 minute models are still in the oversold range pulled
down by yesterday’s expected decline. However as shorter-term
models often do, they cycle during moves. What can I extrapolate
from the mixed models?

Given the current price actions location (23.6% fib area 27.70
and just above the 3/12 RSL) I would look for the QQQ (and other
COMPX Indices) to drop out of their bearish intra-day
consolidation patterns and continue Friday’s move down. Once the
3/12 RSL is breached we should see some initial acceleration.
Keep in mind that my intraday models are mixed and the 130 and
65min models will begin to exhibit influence. This influence is
likely going to come in the form a test for resistance of the
3/12 RSL from underneath.





Regards,
LG

[LG]

By the way...RSL (Rising Support Line)

Regards,
LG

[LG]

WLorD: I know I have not been posting directly to you, but I trust some of my recent charts and commentary have revealed at least a little how I use my methods to discern upcoming intra-day pivot points and work at profiting from them. Over the years my methods for me have been right more often then wrong. While at times the methods have me anticipating early, the use of trade management techniques work at minimizing losses while working to capitalize on the winners.

Regards,
LG

PS: I've been sharing my analysis online in a similar manner since Dec 1998 on the SI MDA now MDD thread. Of course, not as often anymore as I am supposed to be, semi retired. I just show up on the IHub MDA Thread now and then to assist Augieboo with hosting...gg