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QID, QLD Trading (QQQ)

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Last Post: 8/16/2018 12:27:25 PM - Followers: 92 - 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, ;
(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:
QID daily

Daily Chart;

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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#7168   I am out of my long @95.60 no farooq 08/16/18 12:27:25 PM
#7167   Market drop hard, at 12:05 it gave a farooq 08/15/18 12:44:13 PM
#7166   Nice trade. maddog27 07/28/18 06:44:09 PM
#7165   Stay short if close below 89.68. farooq 07/24/18 01:07:28 PM
#7164   86.87 seems short term target on TNA. farooq 07/24/18 01:05:51 PM
#7163   Signal came for Short at 10:40 on QQQ farooq 07/24/18 01:03:38 PM
#7162   Looks that way RTMidgetman 07/05/18 11:20:07 AM
#7161   I have noticed new way of trading that farooq 07/05/18 10:59:19 AM
#7160   I went long QID at 40.30 and farooq 06/20/18 05:47:20 PM
#7159   How’d that workout for ya Jocynda 06/20/18 04:52:03 PM
#7158   I probably will short tomorrows opening. farooq 06/19/18 12:45:43 AM
#7157   It is OT, but can impact market farooq 04/18/18 04:22:15 PM
#7156   Well so far so good but question is farooq 04/12/18 08:18:33 PM
#7155   Market will open higher than lower test to farooq 04/09/18 11:57:34 PM
#7154   Great, I am so happy for you. farooq 04/06/18 04:44:03 PM
#7153   farooq, thank you for all your inputs. 5 dotnet 04/06/18 04:28:24 PM
#7152   Covered my short, farooq 03/22/18 12:29:29 PM
#7151   Last night analysis showed possibility of going lower farooq 03/22/18 09:26:17 AM
#7148   I did a speculative spread farooq 03/14/18 04:31:47 PM
#7147   We did open higher but later drifted lower. farooq 03/14/18 04:31:30 PM
#7146   We might try to go higher tomorrow. farooq 03/13/18 11:19:28 PM
#7145   Real impact is to be seen. farooq 03/09/18 05:28:17 PM
#7144   No...You could see yesterday the new all time Marketwise 03/09/18 02:05:32 PM
#7143   Q's playing along expectations. Breaching 166.60 would TechniTrend 03/05/18 11:21:57 AM
#7142   Expecting Q's battle field will be limited by TechniTrend 03/02/18 05:23:50 PM
#7141   QLD gave buy signal at 79 $ around farooq 03/02/18 12:51:23 PM
#7140   Double top in the NASDAQ? Hmmm....Could a Marketwise 03/01/18 02:23:14 PM
#7139   Thanks. farooq 02/20/18 09:19:47 AM
#7138   You could try bringing up here. beachcomber1 02/19/18 08:46:19 PM
#7137   We are going to dive a bit on farooq 02/19/18 08:31:07 PM
#7136   Hi admin, farooq 02/19/18 08:24:05 PM
#7133   You can learn a lot from these numbers. farooq 02/18/18 10:19:03 PM
#7132   Short QID or stay long on QLD till farooq 02/16/18 10:39:05 AM
#7131   My views on market, farooq 02/09/18 09:15:17 AM
#7130   Next week we can probably test 163.90 area farooq 01/18/18 06:17:14 PM
#7129   Sand Piper: check your broker - I'm catty 01/13/18 11:19:59 AM
#7128   i thit sqqq was the short? Sand Piper 01/12/18 08:56:05 PM
#7127   Sand Piper: I bought PSQ (QQQ shorts) catty 01/12/18 08:42:36 PM
#7126   is this market ever going to reverse? my Sand Piper 01/12/18 07:03:50 PM
#7125   I read that news but Roy name was farooq 01/02/18 04:42:06 PM
#7124   if you want to know how the car dotnet 01/02/18 03:57:44 PM
#7123   Hi Dave, farooq 12/28/17 10:31:31 PM
#7122   " farooq 12/28/17 04:18:02 PM
#7121   Happy holiday to all board participants. farooq 12/25/17 02:51:48 PM
#7120   Seems a manage market short with protection. farooq 12/20/17 03:55:46 PM
#7119   Good strategy. farooq 12/20/17 02:40:42 PM
#7118   Agree. It's looking for anything to hold onto. Leezee Life Strategies 12/20/17 02:24:34 PM
#7117   Market wants to correct, looks like but will farooq 12/19/17 12:50:16 PM
#7116   Sold @ 0.77. farooq 09/27/17 03:31:41 PM
#7115   I Bought SPY call 09/29 250 @ 0.23 farooq 09/27/17 11:44:41 AM