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QID, QLD Trading (QQQ)

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Last Post: 3/1/2017 1:14:36 PM - Followers: 86 - Board type: Free - Posts Today: 0

QID and QLD day trading. Signals are based on Modified NERS (CCI based system but with RSI and and EMA Filters).

To learn more about NERS please visit,http://investorshub.advfn.com/boards/read_msg.aspx?message_id=14508055 ;
(These are the Basic Rules for NERS (Nocona's Early Retirement System):

When the CCI is above the +100 you are holding long. When it drops below the +100 you are out of the long and short.

When the CCI is below the -100 you are holding short. When it rises above the -100 you cover the short and go long.

The tricky part happens when the CCI will not reach the opposite 100 line. How to handle when (1) the CCI will not break the zero line at all (2) the CCI breaks the zero line but then soon goes back in the other direction (3) the CCI breaks the zero line and holds there for awhile but without breaking the 100 line. These situations have been the subject of discussion between Nocona and I which you can read about in past posts. The one thing Nocona and I agree on is in situation #2 - If the CCI breaks the zero line, but then crosses it again, you close your position and enter the opposite position. (If short, go long; If long, go short.)

If the CCI goes to a HFE (hook from extreme) beyond the 200 line, Nocona will use the break back of the 200 line as an entry, just like the 100 line.

What CCI to use? The idea started with the 60 min chart using a 12 CCI, but Nocona was entering mid bar and not waiting the whole hour for the bar to close. So it then seemed reasonable to move to a shorter time frame chart with a longer (but equivalent) CCI. So:

60 min 12 CCI is equivalent to:
30 min 24 CCI
15 min 48 CCI
10 min 72 CCI
5 min 144 CCI

The 5 min 144 CCI can be very whippy and is not advised to be used alone without consultation of a longer time frame chart.

I think that about covers it.)
Traders resource: http://www.barchart.com/cheatsheet.php?sym=QQQ

Daily Chart;  http://stockcharts.com/h-sc/ui?s=QQQ&p=D&b=5&g=0&id=p72901990837

Protect your assets use only cash positions to buy stocks, Please do not use margin till trend is in your desired direction. Use stops and protect profits.

Disclaimer: Several trading systems will be presented and discussed on this board over time.  While it may appear that the systems are successful, that is no indication that they will be successful for you. 
You alone are responsible for doing your own due diligence to prove to yourself that you can be successful with a trading system.  No one who presents their views of how to trade can be responsible for your success or failure.

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#7080   Bought 239.50 for 12 Cents, its a gamble. farooq 03/01/17 01:14:36 PM
#7079   So yesterday close was one of few days farooq 03/01/17 10:15:48 AM
#7078   Whatever one say it is strangest trading I farooq 02/28/17 11:29:38 AM
#7077   Medium trend is up short trend is now farooq 02/23/17 04:02:58 PM
#7076   5 Min shart saying I am ready to farooq 02/22/17 04:05:18 PM
#7075   Here is news story explaining what happen in farooq 02/17/17 12:59:22 AM
#7074   Thanks, If we break 233.80 and close below farooq 02/16/17 11:49:41 AM
#7073   farooq.so far your prediction is working dotnet 02/16/17 11:24:00 AM
#7072   Still long if we close above 234.54, stop farooq 02/15/17 03:58:26 PM
#7071   Well they made new high in nightly session farooq 02/15/17 09:26:30 AM
#7070   farooq, may be your gut feeling is right dotnet 02/15/17 09:18:01 AM
#7069   Market will try to make new high in farooq 02/14/17 06:31:31 PM
#7068   So in simple words market does not want farooq 02/14/17 04:17:13 PM
#7067   So we made new high, now what ? farooq 02/14/17 01:19:59 PM
#7066   We will make new high tomorrow on SPY farooq 02/13/17 04:00:26 PM
#7065   Hourly RSI on SPY at 78, Usually I farooq 02/13/17 01:42:21 PM
#7064   T/A say close above 230.55 keep the trend farooq 02/09/17 03:48:43 PM
#7063   STC @0.27. double+1 cent farooq 02/08/17 11:52:04 AM
#7062   SPY 2/8 229.00 Put long for 0.13. farooq 02/08/17 11:36:23 AM
#7061   you can text me on my cell phone, farooq 01/30/17 03:06:48 PM
#7060   Farooq sorry can't answer PM but have you Beerworld 01/30/17 01:44:21 PM
#7059   I did, please check it out. farooq 01/30/17 11:19:36 AM
#7058   I do not have private message. Can u dotnet 01/28/17 12:50:20 PM
#7057   Thanks, I miss your posts. farooq 01/23/17 05:46:26 PM
#7056   CCI gave signal first but soon after EMA farooq 01/23/17 05:45:51 PM
#7055   good one.was that your cci or 3 ema dotnet 01/23/17 04:45:23 PM
#7054   good call Beerworld 01/23/17 04:26:31 PM
#7053   Buy signal generated on QLD @ farooq 01/23/17 01:00:10 PM
#7052   Depends on time horizon, market will correct but farooq 01/19/17 11:19:26 AM
#7051   Oh boy I snagged one here. Nicademus 01/12/17 10:08:47 AM
#7050   Looks like a good time to get some Nicademus 01/10/17 02:14:29 PM
#7049   Looks like it's falling off Tuesday's DOJI , risk on 12/01/16 10:11:51 PM
#7048   Few things to remember to be a better trader. farooq 11/20/16 04:06:12 PM
#7047   Santa rally back on table. Not expected after jones99 11/10/16 03:28:43 AM
#7046   Good job. Nice call. Was that just instincts. dotnet 11/09/16 07:11:12 AM
#7045   I was all over that prediction and called StockNinja33 11/09/16 12:13:27 AM
#7044   I do not trade option on Future so farooq 11/08/16 04:12:33 PM
#7043   i see these futures have options.do they trade dotnet 11/08/16 03:56:16 PM
#7042   Royg1927 farooq 11/07/16 06:27:07 PM
#7041   Why y'all weds? What does that have to MikeBK205 11/07/16 01:04:45 PM
#7040   let's talk Wednesday and see who is right StockNinja33 11/07/16 01:02:42 PM
#7039   Good call MikeBK205 11/07/16 01:01:31 PM
#7038   Hi Dotnet, farooq 11/07/16 09:48:30 AM
#7037   Farooq, hope u made a lot on futures dotnet 11/06/16 09:08:01 PM
#7036   No way StockNinja33 11/06/16 08:32:19 AM
#7035   Could be but I am sure Clinton is farooq 11/06/16 08:18:11 AM
#7034   Market will tank Monday !!! StockNinja33 11/05/16 11:34:16 AM
#7033   I bet ur wrong StockNinja33 11/03/16 04:51:58 PM
#7032   No he won't. farooq 11/03/16 04:49:57 PM
#7031   And Mark Cuban will cry ! StockNinja33 11/03/16 04:17:04 PM
PostSubject