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Sold QID for 52.25 for 20 Cents profit. I will be stepping out.
Have a good and prosperous day.
Sold QLD @ 70.05 for 40 Cents profit.
Long QID @ 52.05.
Signal long QLD @ 69.65 stop 69.45. target 70.50.
W@G2 QQQQ 02/20/08 for a 02/22/08 close
45.00 dr_sean
44.96 rayrohn lol I really got no clue
44.63 Farooq
44.01 bob3 dartboard
42.84 frenchee
I agree with # 1 with out any doubt.
I agree with # 2, once price stability is disturbed many other factors plays role in price movements. Same as when price will drop.
I totally agree # 3 but as a leader he should resisted it and even should take a stand.
Democrats are in this boat also they were trying to remove fears of SA.
My point is this war is on faulty intelligence and it should end soon and we should remove and eliminate real terrorisms threat.
I agree no more debate is needed on my part, Thanks for sharing your views.
OT,
I am a Democrat, but I did voted for McCain over Bush in 2000 primary.
I want to see who is best for USA.
I do not want to see a dry drunk in white house again.
McCain is not in that category actually we have great candidates this time. I am a Democrat but I like old McCain.
Some one who is ready to listen not ignorant.
This war is to keep oil price higher not keeping pipe line alive, We are paying back debt of campaigns to oil producers and defense companies.
America is suffering and middle east is flourishing because of this war, IMOP.
Iraq had done nothing against our national interest, except he tried to kill Sr. Bush and Jr, says that is enough reason for war, go figure.
One thing that Saddam was doing which was intolerable was sending suicide bomber to Israel and we went there to remove him, but I think if CIA would have all resources and mind in to it they could have done it with out all this bloodshed.
American lives and resources could be saved, we could eliminate UBL by now.
I really become very sad when I think that our soldiers are dying for one person lack of intelligence.
We have great army and I fully support them, but we need to think they are fathers, brothers sons and daughters of some one.
War should be the last thing, but I agree if you start a war then by all means try to win it.
Russia is providing support and arms to Talibans in Afghanistan and to Iraq insurgents and we are bleeding like they were bleeding when they were in Afghanistan.
Russia is hoping for same outcome.
I hope our leaders will understand.
Farooq
blasher,
professionals sell in to strength and buy weakness, IMOP oil will be moved up a bit more here so technical trader will buy it on break out and fundamental traders will be selling it. There is 30 $ premium built in oil for Iran war fear. It will disappear after Democratic victory if it happen, I do think market will start discounting it for about buck a week from March.
Market is thinking McCain can beat Obama, They also putting in Hillary's Victory for today. They might be surprised.
Here is my 2 Cents. By next February oil will be trading under 70 $ and after 3rd year it will be under 45 $.
What will be the effect on Economy?
I do think bottom is already placed in for next 4 months. Market is doing remarkably well considering what is thrown at it.
Bulls always climbs walls of worry. There are no new short, all who are left are 401 K and pension funds they could sell but I do not see the reason now.
All long term investors are buying now, look around who is buying and what is there long term record.
I was wrong many times before and I could be in future too.
Happy trading to all.
Farooq
Fasttrade,
I bought March 45 calls for 0.67 Cents, and left a Good till cancel order for 81 Cents. To my surprise they are all gone for 14 Cents profit. I do not mind 20 % increase in few minutes.
I hope you have added about 1 % in your account.
I need to listen to Roy more carefully he made great calls.
Good luck and happy trading.
Farooq
Came back and saw I was stopped out from QLD @ 71.80 for 30 Cents loss.Signal is trying to become long again so I am buying non margin position here @ 70.00. My chart of QLD has problem here.
Long on the basis of QQQQ.
I will be back.
Edit:
My charts for QLD is messed up I sold my long position for 70.20 for 20 Cents profit.
I will not be posting any more signal please use your charts for signals.
Farooq
LOL,
I am still few zeros less,
I have not cross 10,000 mark on QLD in single trade.
Last question needs thinking.
blasher that was good one.
76 Million on QQQQ @ 13:19:08 and 4 million on QLD traded at 13:24:19.
I am still long QLD. Stop is bigger then normal.
Roy,
I admit you are a better option trader then me but stock trading give me multiple opportunities to take scalp.
Fasttrade and you both are right in your observation that QQQQ is trying to fill the gap; but one of these days it will fail to fill the gap and will create upside momentum, till then keep on doing what you are doing.
Roy, I have no doubt you will change your position at that point swiftly.
Good luck.
Long QLD now @ 72.10
Out of QLD @ 72.50 for 25 Cents profit.
Long QID again 50.05.
Edit:
Out of QID @ 50.62 leaving some for other side, that gave 57 Cents profit, so far $ 1.27 profit per share.
Took a long on QLD here @ 72.25 if this market wants to go up this should show up now.
It is not a signal trade, or signal is not changed yet. I am trying to front run signal.
Stop is 72.00.
Signal at this moment is short and MACD is trying to pull back so we should be short here, I took a long on QID @ 49.80 my stop is 49.55 but I will take small profit also.
Edit: Took my profit @ 50.25 That is 45 Cents profit.
2 day W@G1 QQQQ 02/19/08 for a 02/20/08 close
44.50 Farooq
44.25 bob3
44.00 dr_sean
43.45 frenchee
blasher,
Roy is a great option trader I am happy that on this board such talented trader has joined me.
I think every one's contribution is great.
I am looking forward for your trades.
Farooq
Roy,
All in cash is good strategy for traders I am long some April 45
Calls my cost is way less then where they are now.
I like you way of play of option way superior then any I have seen.
My position in option still mess up my mind for trading QQQQ complex.
Thanks for sharing your view.
Farooq
Fasttrade,
Thank you for sharing.
Farooq
fasttrade,
Great trades, congratulation.
If you like to share and have time post during the day so other can benefit.
Roy shared his trades and I traded one following him but different strike(he was trading Feb strike), I did March strike and was able to make 10% profit.
Blasher was on similar trade also.
More eyes are better then one.
Just a suggestion.
Farooq
Roy,
I was expecting that kind of return from you.
Congratulation on your successful day.
Farooq
Roy,
Do not forget to cash your chips, I followed you with March 44 QQQQ calls at 1.22 sold for 1.34 thank you for 10% gift. 2 loads.
I hope you know I have bad habit of leaving some on the table for others. Near closing liquidity can dry. Signal is still long.
Farooq
Roy,
Do not forget to cash your chips, I followed you with March 44 QQQQ calls at 1.22 sold for 1.34 thank you for 10% gift. 2 loads.
I hope you know I have bad habit of leaving some on the table for others. Near closing liquidity can dry. Signal is still long.
Farooq
Blasher,
You have a good board here, I read your post at my board, What series and strike in QQQQ you are trading?
Good to see you back.
Farooq
Hi 'sammy1024,
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26738426
Read replies for the above mentioned post and look at trades with chart, We discussed the trades in replies.
For basic NERS setup read CS group Board iBOX reference.
Man you need to do some leg work too. I will be happy to fill the gap.
Basic signal is CCI 144 histogram, I take CCI 12,6 as primary signal, rest of the things you will notice when you read trades.
I have a bad habit of jumping too early on minor pull back, you could become or may be you are better trader then me.
So keep going trade small size till you have confidence, write what happen and why, Writing here do the same thing for me.
Happy trading.
Farooq
Roy,
Great trade, I hope you will navigate it properly.
I will not post any trade today, busy in and out.
I will try to read and post when possible.
Happy trading.
Farooq
Long QID @ 50.42 stop 50.20. Non margin position.
Edit: out at 50.75 for 33 Cents profit.
Sold QLD long for 72.50 signal is still long, bulls need to close above 72.75 for upward move to have any chance.
Roy,
No, I did not follow stop there and I was able to sell higher (sometime I am lucky) mostly if I did not follow rule I am punished hard, but it is typical bear market churn. Now at 71.60 new buy signal on QLD Stop on 71.50.
I sold more then half yesterday (APRIL 45 QQQQ calls) I will probably looking for 44 also.
Congratulations, on MSFT calls and IWM Puts. I will read Ninjas.
Roy,
That is the reason I sell my positions (Trading)when I leave my desk. It happen all the time.
Sold QLD at 73 delayed post, market is trying to see resolve of bulls which seems to have no conviction. I still want to give few more days for my April 45 QQQQ calls.
Happy trading.
Signal Long QLD @ 72.75 stop 72.45.
Long QLD 73.50 projection 74.05 stop 73.20.
Edit: Out at 73.80 not comfortable with the trade.
Congratulation great job.
What do I know.
Farooq
d-k,
I am using QT.
Add another CCI indicator where you have CCI histogram with value 12,6 attach both of them by clicking black dot out side the box. Click apply then OK.
Help is great place to learn more about QT.
northam43,
I gave you the source, other people might have same conclusion.
I read this post now. The guy used to post on SI in 2004 and 2005. He used to trade future and only S&P big contract. Now live some where in Florida.
Pokersam, I bought APRIL, QQQQ 45 calls few days ago so closed 1/2 of them, rest are costing me almost close to nothing, your 2005 concept.
"How did you come about SPX 1365 being the line in the sand?"
Golden spiral Fib studies, it is propriety work own by some one else so can not share with out permission.
In a bear market short term rallies could be more then four days.
I am not saying 1365 put us LT bull market. At this point who wanted to be out is out, so to come down we need to go up and up more then normal wisdom is projecting.
Happy trading. Need to take care of my QQQQ calls.
Northam43,
Technically we are in bear market since 2000 we never crossed 5000 on COMP and because of changes in DOW and S&P we surmount highs. I am aware of that fact but in a bear markets we can have sustained rallies. ALL seven years in NDX were rallies in a bear market. I think this bear market will last 11 to 15 years. Japan has still not above last high in 22 years.
Pokersam work is great but in short term he is a bit stubborn for my taste. I differ with his short term forecast so I wrote my opinion. As for as his work is concerned he is very hard working and a sincere trader. He share all his work without a charge or compensation and that is his greatness. He answer when ever some thing is asked so I am obliged for his contributions.
We all are trying to make money.
I admire and thank you for sharing your opinion. Thanks again.
Fasttrade,
If we take out 1365 on SPX and 12500 on DJIA on closing basis then we can reach there.
We then actually can go up to 1525 on SPX, Whole thing will be changed, we are in a bear market below 1365 and every one knows that.
Hillary is out and Obama will be easily defeated by McCain so political trade will soon be unwinds. That is going to cause surge. IMOP.
In March April if political picture started to show Obama wining then we will go lower for six to 9 months. IMOP again.
Today should be up 1.7% on indexes.
Signal Short on QID from 50.30, I have non margin trade in it. I was not sure for trade at the time and still not sure.
I hate to go against Roy's trade. He is an excellent trader.
Edit:
I am out of short trade @ 50.05 signal changing to long again, Market is too fast I need brake now. 25 Cents profit on this one.
Stepped out of QID short @ 49.95 at signal change now long from there on QID stop 49.75. My projection is 50.40.
Profit 20 Cents
Edit: Sold QID long @ 50.30 locked 45 Cents profit Signal still long.
So far today's profit is 90 Cents total.