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Looks like we reach the top again…just before the labor announcement next week..
How low will QQQ go this time??
QQQ remain on buy Stop sell is at 312.82 on closing basis.
QQQ close on buy stop sell is at 304.14 on closing basis.
Closed on sell buy stop is 300.20 on closing basis.
System say buy long, Stop is at 301.34 on closing basis.
The system say long. I will book some profit here, my opinion do your own D/D.
The system is long. Stop sell 297.05.
The system is on buy. Stop sell is at 292.96.
QQQ close on sell with stop buy at 290.76, we in pre market is already above that price. So if we open above 290.76 than It favors a long position.
Seems market wants to go higher but Russian conflict keep throwing curve balls.
STOP now 285.90. Sell short is signal.
We are way oversold, Fed cannot control Food, energy and rent inflation, they are just buying time.They all are supply related, pundits are not putting fingers on correct problems, only savoy one's talking about it. Supply channels are opening, if China opens more in six week we will start listening good news. So be careful use stop a violent rally is possible. It may prove one of best chance to buy stocks.
Good luck and happy trading.
I agree peoples retirement will crash and burn I’m waiting for this to drop $50 - $100 in a day
Red Wave is the only thing saving this Market, President Numb Nuts is useless, and an excuse maker, the Blame Game is their specialty.
US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already 'Out-of-Date'
June Inflation Hits 9.1 Percent, New 40-Year High
https://link.theepochtimes.com/mkt_app/june-inflation-hits-9-1-percent-new-40-year-high_4594424.html
Lost all support, next support level is $269.28
Hang on tight folks this ship is going down!!!
$250.00 here we coming!! Sooner than later.. maybe this week!!!
First stop 250, by Novemver 215, Red wave saves the day rendering Prez Numbnuts useless, which he pretty much is.
Bank of America… loss of 1.5% on GDP
Recession is already here.. how low will we go is the question
New bottom coming.. $276.00 to beat..
$269.98 … my call
Signal still long stop 291.33 on closing basis.
Signal is now long, Stop on closing basis is 288.80.
Still holding short. Same stop.
Close on sell signal stop is at 283.01 go long 284.32 on closing basis.
It seems it might tag 300 area on QQQ. I am not writing about QID, QLD because direction is more important. $289.50 would be my stop on closing basis at this time from long position.
It did tested support but closed on initial buy. Need to see how MM wants it to close on weekly option expiration.
Closed on buy signal. May test support again @278.65.
Up from now !
But always take care !
Stopped out.
Today gave sell signal on QQQ.
Stop 308.15.
Gave initial buy signal, With a stop at 298.10.
Still on buy stop at 365.77 now.
Hold long, Stop on QQQ is 355.50 on closing basis.
Exited, now long sqqq
System went long and still long QQQ and QLD.
I will be a seller around 22.50, I don't know exact top neither exact bottom.
QID weekly chart remains on a 'Buy'. Shares still comfortably above the 45-week MA.
Also had a crossover. 9-week MA above the 45-week.
Some profit taken on shorts, again we closed on sell signal.
Take profit when available. We are going in time frame where few weeks of rally possible.
If day trading it was 320. For swing closing above 339. It was rarely seen move.
Farooq does this call have a moving stop. If so where is it now?
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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):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=134066192
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
QID daily http://stockcharts.com/h-sc/ui?s=QID&p=D&b=5&g=0&id=p37821192489
http://stockcharts.com/h-sc/ui?s=QLD&p=D&b=5&g=0&id=p86671367294
Daily Chart; http://stockcharts.com/h-sc/ui?s=QQQ&p=D&b=5&g=0&id=p95639970560
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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