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Long QID @ 50.90 use stops as your liking, Signal turning long on QID.
Edit: My stop is lose because I am front running signal, it has not turned yet.
"All in cash. I agree with your indications to hold short, but I'm leery as h--- to hold overnight as you well know. I sleep better."
Roy, as you have seen I went in cash in my trading account I know the feeling.
You did great yesterday. Congratulations.
Signal is short and it has not open at extreme. It may fade the gap it does not look like but things do change more then our imagination.
I took a long on QID but sold for 20 Cents profit. Now flat.
Farooq
W@G2 QQQQ 02/27/08 for a 02/29/08 close
45.00 rayrohn
44.10 dr_sean
43.50 Farooq
43.25 bob3
42.78 frenchee
Roy,
I covered my short QQQQ @ 43.95 it was 4X position. I went long at same it is 2X position stop is now 43.95. Signal is still short so I will not push my luck.
You are trading great.
I realize my own conflict after posting, benefit of writing that I am not sure with trade so bailed out with 3 Cents.
Flat here at the end, signal still short.
I am out at 44.37 on QQQQ signal can become negative any time now.
CCI 12,6 on sell RSI 14,5 on sell and now confirmed by 3/8.
Sorry I am a one finger typist so I type slow.
I think 44 area is again in to play.
Signal is long from 44.20 again, they printed 43.90 but I think 44.16 support was not broken so far. I would like to see more pull back before going up more, this is 3 rd day of advance.
Chris,
We are happy to see you here. I am glad you can concentrate on markets now. We are looking forward to see your contributions.
Distractions are part of life.
Dave, he is 28 year old college friend we went to same college.
He practiced here now he teaches medicine there.
Farooq
"CCI has not became red in this time frame so my interpretation is that we will try high again today some time."
In morning post I wrote that observation.
I was hoping some one will see indicators and post long signal. System went long at 10 :45 @ 43.48 on QQQQ I went long QQQQ March 45 calls @ 50 Cents. I am out of my all long March 45 calls some sold @ 84 Cents and Some at 85 Cents.
I may be early selling those calls like I was for IWM march 72 calls. So please do your own D/D.
Signal is short now and I am expecting it to reach 43.95 44 area.
I will try to write again. CCI and RSI are short 3/8 and MACD is resisting.
A friend has arrived so see you guys later.
Farooq
Signal gave a short on QQQQ yesterday 15:45 and remain short.
That translate to long QID or Short QLD.
CCI has not became red in this time frame so my interpretation is that we will try high again today some time.
Thanks for input, I will keep on posting signal intra day. It will be nice if other people post there signals and explain it is based on what indicators. Trust me it will improve your trading you will be more focus and avoid noise.
Feed back is welcome.
Now @ 10:09 AM system is trying second time to change to go long.
I have a question for the board, Is it beneficial for the board that I keep posting signal during trading hours? or should I write signals at end of the day?
TIA.
Your in put is important for me.
Ollie,
I am very happy to see you here welcome on our board, If you like to visit us again book mark subject and it will be easier to come back. Please do not be a stranger you are part of us.
We hope you will share your wisdom with us more often.
I and this board is looking forward to your contribution.
Happy trading.
Farooq
Roy,
Thanks to your wonder full post, credit goes to you. I sold remaining position of QLD @ 71.30 seems like chop chop session and after noon run. Signal is short from 71.46.
I am bit lazy today. Watching more then trading.
Out of IWM 72 calls for 1.25 and out of QLD half position @ 71.50, signal still long but like to take some profit off the table.
Long QLD 69.90 use stops to your tolerance. Signal long.
Roy,
Thanks for great input. I am long IWM march 72 calls from 0.95 Cents.
johnbits,
I Welcome you on this board.
You are welcome to post here any stock, just add Stock in starting line. It is my suggestion as I wrote to Paul.
If Ninjas moves there I will go with the herd.
Please share your trading Ideas.
Thank you for coming here.
Farooq
Roy,
Thank you for input, I will take a position soon.
Trading QQQQ on 5 min chart yesterday was difficult. It come with job.
I am glad we all were able to make money.
Candle stick daily chart suggesting upward bias.
I could be wrong on my bias, please do your analysis and let us know.
Thanks for response, I was out of post yesterday so could not answer many posts.
Have a great weekend.
Farooq
Paul,
This not my site, if you all are not here then it ultimately dies down.
Posting other issues is not prohibited here.
My suggestion is that note should start with word stock so those who are not interested they can skip.
First reason was to interact with fellow traders while other site has terrible reliability in past few weeks.
You know one person can watch few stock for day trading as it required precise knowledge.
Once we have people we can trust then we have more opportunities to profit from because more eyes are watching.
I do not trade IWM but I feel it could out perform market from here so I asked Roy's input because IMV (in my view) he is among one of the best.
After his input I can adapt it to my taste and that will make me comfortable.
We are here for trading so any idea which come for that purpose is more then welcome.
I am ready to implement all ideas on which majority agree.
I will keep posting on other site, I like that civilized forum, I am glad we have same here so far.
Thanks for sharing your views.
Farooq
W@G1 QQQQ 02/25/08 for a 02/27/08 close
44.84 Farooq
Bill,
Welcome aboard, very glad to see you here. Other board login problem was one reason to start this board.
Hope you will share your views with us.
Farooq
I hope we do not have to wait for ????????
Good job.
Farooq
fasttrade,
I was not happy with signals, but I am glad it worked out.
I will see what comes up.
Looking for Roy's help on IWM calls. I think IWM will out perform other indexes.
I sold QLD but I bought UWM @ 47.75 since this board is not for other stocks so never posted during normal hours, I am out @ 49.35 for 2.55 profit 2X position.
I was near stop when it suddenly took off, I placed a limit order to sell near the open price. I could not believe it is gone.
I planned to buy calls on IWM with proceeds, I hope Roy will help me.
Bob3 dartboard work, Congratulations.
Sold March 44 calls for 99Cents 12 cents profit it was a limit order placed earlier.
Sold QLD @ 68.75 for 55 cents profit.
Skip, it is tough day, lot of small whips, I survived because of bigger stop.
Dave was right about time frame and I am not trading on much margin. My confidence level on trades are low.
I have observed if signal does not move immediately in your direction it is better to take small profit.
Signal still long but ready to turn I front run it. I am bit tired.
Why not 12000 shares?
You are right I am trading 1X margin.
Market are difficult here.
Dave, you are a very good trader.
We will know near closing weather we are right in our call.
My signal is long @ 68.20 On QLD and I have taken it. Use your stops.
Skip,
I welcome you here, I am very happy to see you joining us here. Other site problem was one of the reason to start this board.
Other was Dave left and no one trade as day trader there, So far we have great crowd here.
I think we will be OK here.
Please keep sharing your ideas.
Thanks for visiting this board.
Farooq
Dave,
I am not very intelligent person so take my views with grain of salt.
This down draft in housing and banking started 14 months ago so we are in bear market for 14 months and most bear market fall in this category.
Last three months of selling is from banks and insurance companies to cover losses and shore up balance sheets this kind of drop you see only when institution sells, public is sold out at 20 % drop or they are there with cash account and very unlikely to sell.
Internet and computer have changed every thing we know about market 17 years ago, except for psychology of crowd.
Why I am writing it because we might miss a good long profit opportunity in our bearish views.
What you are doing and wrote on Ninjas is I like to do.
I went long March 44 calls at 0.87 Cents. It is 2X position.
I wanted to write more but QT is bugging me with alerts.
Happy trading.
Dave
I think you will be stopped out if your stop is tight, I am thinking to do same but waiting to see 43.10 area 2/11/08 low.
I am wrong many time, you may not stopped out.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27028484
courtesy of Dr. Stoxx.
Here is the Hourly which is not broken but we are in process of testing lower line. I am not a stock chart member so I am using it.
Farooq
Roy,
On QQQQ 5 min chart we never went above 1st bar and 30 min is still on sell, I did bought 1X but bailed out with 2 Cents loss.
No short here I am on side line signal is short favors Long QID.
It is trying to test yesterdays bottom.
We are getting close to a rally, Big insurance companies are selling in to any strength to raise cash IMOP. If you see what they usually buy those are the one which has selling pressure.
Can you draw 12,6 signal on CCI 144 in stock chart?
Things can change any time. We just tested yesterday's low and some.
Good explanation of your dark side trade. ) :
Happy trading.
Farooq
What do you think how this chart will break out and why?
http://stockcharts.com/c-sc/sc?s=QQQQ&p=60&yr=0&mn=0&dy=20&i=p56659286360&a=54922872&r=432
Courtesy of Gleno34.
Stopped out of QLD @ 5Cents loss, now they can go up.
Signal still short but near over sold areas.
Can stay over sold, today will be the bulls test if they can come back.
I am long March 45 QQQQ calls @ 0.79, 3X load.
Dave,
Congratulation on good trade. If you would use all money on full day trade margin 4X return would be 19200 $ that would be nice ) :
Good to see you around.
Why not go long if you do not see further fall?
I am long QLD from 71.50 signal is long use stop as you like.
Roy,
On last trade I should be stopped out but I missed it. I sold QLD @ 73.10 today that was non margin trade.
Today I have to trade with less buying power.
On QT I have DMH, P, DML, then R1, R2, R3, S1, S2,S3, I give attention to these points except for strong rallies and strong declines these points help a lot in buying or selling.
I do not know weather stock chart provide it or not.
I think I did not nailed the high price it went up few Cents more as usual I was eager to sell, LOL.
My grand father was a good trader he always use to say me regret it after selling do not regret by keeping it. I do not know weather it make sense for you but it has helped me.
I broke this rule few time and it always cost me.
About trend and selling where I sold,
This is the point where bulls needs to take stand as I thought and if I would be wrong stop would have taken care of it. On first attempt at 12:30 price failed to take out R1 but it also failed to take out Pivot So I was 70% sure that it will try to break it and reach DMH which was 72.11, oh yeh I sold it before it reached there because it took 4 th attempts to break it on 5 min chart. My stop was 10 Cents below P point once trade is profitable these things work pretty good.
Today's pivot is 44 you look good for your puts. EMA 34 is 44.08.
Happy trading, and thank you for kind note.
dr_sean,
Great job on W@G keep going.
Farooq
Sold QLD long for 72.05 for 2.40 profit, Signal showing it may weaken so I took some profit.
Remember I am too early in selling most of the times. Those who wants to stay long should put stop around 71.15 now.
Edit: Long Again on gut feeling at 71.55 I am trying to follow my own rule no margin position. Signal is short here. Stop is mentioned above.
Dave,
I am very happy to see you here. I welcome you here, it will be great if you join us.
Dave, I rarely see news any more just trade set up. News is important so I read in the morning or after the close. like Roy CNBC is running in the back ground. Some thing to do with IBM.
Roy, My signal is ready to change, be care full.
Farooq
Roy,
As usual great trading I took a long on QLD @ 69.65 still long but my stop is 70 $ I think ride could be up to 73.50. Signal on 5 min chart is in your favor.
Happy trading.
Ollieox,
I am not responding because I do not want to make this board a Political board.
I like trading Ideas let's keep it that way. I think all others should also stop posting political comments here.
If we want politics we should go on that board or create one.
I was wrong posting my views here, lack of self control on my part. I am sorry for that.
Happy trading.
Farooq