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Mark If you want measure the lenght of a wave on a grid you need to know where it starts. Therefore you need the last wave (which per definition at least has a lenght of 1 grid unit - for NDX in our case it's 5 points). I have attached a graphics. Hope that explains that. Let's me know...

Interesting graph about YM, ES, NQ and ER2 compared over the last 5 days. See the divergence between NQ and ER... I think a good measure should take into account: - Multiple of Tick-Size Movement of the instrument (should be big). - 'Linearity' compared to other instruments.

Attached the graphics with 'real' data. System is currently long.

Based on historical data of the last 10 days there is following possible system for the VIX: Enter when wave reached a length of .5 Trail .5 on grid no Profit Target Potential Profit 24 (no gaps)

03/14/07 -6.6% 03/15/07 -15.5% I need again to work with more focus.

Step #8 Checked with real charts. The swing trade system would have lost power because of opening gaps. ----------------------------------------------------------------------------- Remark: NDX is not a tradable instrument, but Qs and NQ-Futures are. There is a need of very extensive...

See the 2 unit wave system attached. It's a swing system with following rules: Enter only if the last competed wave had a length of 2 units. Exit on trailing stop base (trailing on 5 point grid). Profit 5 points...

Step #7 To find a good system (in hindsight) I looked how I should have got in sync with the NDX the last 10 days. I.e. after a 2 unit wave the system is profitable in riding the wave. The better system is to be counter wave oriented and short each wave (expept if the last one was 2...

Step #5 Then I looked at a P/L diagram of a strategy to enter in trend direction with a 1 unit (5 points) trailing stop. It turned out that it was negativ with -7 unit.

Step #4 Then I developed a strategy how to enter and exit the waves.

Step #3 Then I analysed the statistics. Which wavelength occured how often? PS: I you have counted we have actually 64 waves in that 10 days timeframe.

Step #2 Then I looked at the lenght of the waves. The first wave is starting from 1720 and end at 1750. So, the length on a 5 point grid is 30 (1750 - 1720). Therefore I noted the length of 6 units (30/5 point grid size). I did that for all waves. In total 62.

Mark Marsupilami thank you for your offer to review. Step #1 First of all I took a 5 minute chart of the NDX (10 days chart attached). Then I market the intersections between the graph and the 5 point grid.

Same picture for the RUT on a 4 years window.

NDX is trending UP on a 4y time base

SPX trend direction is UP on a 4y timeframe

Market direction for the INDU is clearly UP. See attached the chart over 4 years.

JLB123 Keep on the good work. Be transparent. The more you provide the more are yourself inspired.

Over years NDX is/was a swing index. See signals on 4 years daily closings.

... but not to buy too early.