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QID, QLD Trading (QQQ)

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Last Post: 5/13/2022 4:09:09 PM - Followers: 122 - 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):

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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PostSubject
#7760   Gave initial buy signal, With a stop at 298.10. farooq 05/13/22 04:09:09 PM
#7759   Wont be long below $300 Porterhouse10 04/21/22 02:06:50 PM
#7758   Still on buy stop at 365.77 now. farooq 03/29/22 11:22:25 PM
#7757   Hold long, Stop on QQQ is 355.50 on farooq 03/26/22 12:11:57 PM
#7756   Exited, now long sqqq vikita 03/25/22 11:57:42 AM
#7755   System went long and still long QQQ and QLD. farooq 03/22/22 02:47:37 PM
#7754   I will be a seller around 22.50, I farooq 03/14/22 10:09:33 AM
#7753   QID weekly chart remains on a 'Buy'. str8_chuter 03/12/22 03:33:29 PM
#7752   Some profit taken on shorts, again we closed farooq 03/10/22 10:13:44 AM
#7751   Closed on sell signal. farooq 03/07/22 04:01:59 PM
#7750   Let's see $298! Porterhouse10 03/04/22 10:01:04 AM
#7749   If day trading it was 320. For swing farooq 02/24/22 03:08:15 PM
#7748   Farooq does this call have a moving stop. Beerworld 02/24/22 02:50:59 PM
#7747   $300 next stop for starters Porterhouse10 02/24/22 06:54:14 AM
#7746   QQQ on a sell. Stop is 344.89. farooq 02/23/22 11:16:20 AM
#7745   So many charts (in all indexes ) FlyFishingStocks 02/21/22 12:39:22 PM
#7744   Long at 342 vikita 02/18/22 02:21:56 PM
#7743   Me too ;-) GLTU ! GLTA ! Man6677 02/18/22 03:12:46 AM
#7742   Got back in today dranesthesia1 02/17/22 07:51:28 PM
#7741   Exited, no position now vikita 02/17/22 09:52:12 AM
#7740   Long on qqq, will exit if it goes vikita 02/16/22 04:12:00 PM
#7739   Why so weak today , yesterday was very Man6677 02/16/22 01:43:04 PM
#7738   Could not hold it. farooq 02/14/22 03:21:29 PM
#7737   QID registered an important breakthrough today on the str8_chuter 02/11/22 08:20:31 PM
#7736   Qqq made island shape, i remember you mentioned vikita 02/09/22 12:16:30 PM
#7735   I am hoping it will fill the 362 vikita 02/08/22 12:18:55 PM
#7734   GLTA ! Man6677 02/08/22 12:12:48 PM
#7733   Gap filled but difficult call signal turning will farooq 02/08/22 11:57:49 AM
#7732   Long on tqqq, 354 area seems like support vikita 02/08/22 09:47:53 AM
#7731   When everyone is looking for correction it seldom farooq 02/03/22 11:59:30 AM
#7730   Agreed, do you think it will go further vikita 02/02/22 10:47:15 PM
#7729   It seems it will close at 369 keeping vikita 02/02/22 03:58:37 PM
#7728   It is at sell, if we close here farooq 02/02/22 11:46:36 AM
#7727   Out of tqqq, 369 for qqq seems resistance, vikita 02/02/22 10:20:02 AM
#7726   QQQ closed on buy so is TQQQ on farooq 01/31/22 01:59:10 PM
#7725   Long on tqqq vikita 01/28/22 12:21:22 PM
#7724   These are group of traders trained by Dennis farooq 01/27/22 09:41:56 PM
#7723   Turtles? That's a new phrase for me Ferda 01/27/22 08:52:54 PM
#7722   Turtles are pushing it down, but it is farooq 01/27/22 08:01:26 PM
#7721   Completely agree. Looking for the 200 SMA dranesthesia1 01/27/22 05:38:24 PM
#7720   $300 by mid 2nd qtr Porterhouse10 01/27/22 04:13:43 PM
#7719   With current drop and going back up MM farooq 01/27/22 01:10:59 AM
#7718   Still long signal with all volatility. farooq 01/25/22 11:56:07 PM
#7717   We clean up most of the longs, Now farooq 01/25/22 12:39:53 AM
#7716   There's $340 Porterhouse10 01/24/22 11:06:42 AM
#7715   "The selloff ends when $AAPL hits its 200da" str8_chuter 01/23/22 10:54:46 AM
#7714   The selloff ends when $AAPL hits its 200day Porterhouse10 01/22/22 04:22:32 PM
#7713   Aye, 340 looks like minor support. Then another str8_chuter 01/22/22 04:08:02 PM
#7712   Next stop $340 Porterhouse10 01/20/22 03:12:23 PM
#7711   Got a feeling that its a false signal, exited vikita 01/20/22 02:26:53 PM
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