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Blasher, Well come aboard, Thanks, We are looking forward to your contribution thank you for sharing your view and your trade.
Roy, blasher trade QQQQ so I think he is talking about FEB QQQQ 44 Puts. Blasher you can correct me if I am wrong.
Short QID from 50.15 going with signal. Stop 50.45.
Hi Roy,
I saw your posts but could not reply early because of trading.
I am out of QID long for 25 Cents profit I also left some on the table, but it is part of the game, there was nothing I knew which would have told me to sell at 50.40.
You will make it today. Signal on QID is still short but trying to turn long so you may turn out OK, but be Vigilant.
Thank you for sharing your trades.
I missed first QLD trade, Now long QID from 49.85 CCI 100 line reject trade. Stop is 49.55.
Edit: I am stopped out on trailing stop at 50.10 for 25 Cents profit.
Today's profit: 25 Cents.
OK, here's a try with trades on the 1st chart:
short 10:35; out at support or 11:25 signal reversal? "You missed first long trade @ 9:40 AM"
long 11:25; out at 34 ema or 12:00 signal reversal?
"I will take on 11:20 and 11:25 last bar price or close is good enough for me by rule you are right.
short 12:00; stop out, or no since no 3/8 cross?; out at 13:10 signal or wait for 3/8 cross? at 11:55
long at 13:10, or should one wait for 3/8 cross 1st?; stop out?? RSI confirmed long
short at 13:25; stop out, or out at 13:45 signal revarsal, or again wait for 3/8 cross at 14:00?? CCI signal and RSI giving signal Long at 13:25 with 20 Cents stop.
long at 13:45, or again is a 3/8 cross needed 1st?; stop out?? 3/8 when you are in a trade already mostly
short at 14;10; stop out?? Short @ 2:05 CCI RSI signal
long at 14:20, but no 3/8 cross yet?; out at 34ema or 14:45 signal reversal? CCI RSI long 14:15 LAST BAR IS QUE,
short at 14:45 (or 14:50 when 3/8 crosses back?); out at 14:55 3/8 cross? Correct
long at 15:00, but don't take due to being just under 34ema?
Good choice, Whip saw.
long at 15:35; still in at day's close? Correct
seems like alot of chop 2nd part of day? Yes
please let me know how flawed/incorrect my take was on the signals - thanks
I have tried, it is still and art, you got it mostly right and score B+ now just need practice. A for effort.
Good luck.
Farooq
Pokersam,
Thank you, As usual you are kind and generous.
Thanks again.
Farooq
Pokersam,
If you have few moments I would like your views on following chart, it will be appreciated if you give your TA without EW.
TIA.
"btw2, I started this account with $93 around Thanksgiving of last year."
It is not a personal attack, I would like to know which broker allowed you to trade future with that amount? They do not allow a margin account with that money; or is it a hypothetical account?
Congratulation for those results.
Roy,
I was expecting that kind of return from you.
I took a non margin long position in QLD 72.37 stop is 72.00 projection 73.50, 74.25.
Margin will be used if price come down and indicators stays same.
Signal on QLD is long.
We could have a powerful up move if we take out 73.20 area, I do not know if that will really happen.
Edit:
Bears are determined to keep it down sold at turn of signal @ 72.33 for 4 Cents loss.
I am done for the day see you all tomorrow.
Farooq
Roy,
My bias for gap fill was for First hour, you can see now my projection does not take in gap fill.
EMA 34 is giving resistance on 5 min Chart, I am leaving my desk so taking profit here at 50.00
50 Cents profit.
Long Position in QID is stopped out for 15 Cents loss.
Long again QID @ 49.50 stop 49.40. Projection 50.15.
Long QID @ 49.75 one more try.stop 49.60. Projection 50.20to 50.25.
From 9:50 to 10:40 5 changes in CCI signal direction and 5 in RSI.
Difficult to post in timely manner. Need to give more attention to my own trading.
Long on QID here at 49.83 stop is 49.60.
Edit,
Stopped out 49.93 for 10 Cents profit, Morning churn afternoon run.
W@G2 QQQQ 02/13/08 for a 02/15/08 close
44.0 dr_sean
45.00 Farooq Although 45.60 could be in play.
Signal on QID went short from yesterday 3:45 and still short.
I have taken a short position here at 50.22.
Edit:
Took trade off the table @ 50.02 system is still short, but my gut feeling is it is trying to fill gap, I am usually proved wrong in those circumstances but I feel comfortable, there will be other trades along the way.
20 Cents profit.
I am posting few recent charts see where you would have taken trades?
My style of teaching is different, although I am not sure weather I am gaining more in this exercise or you are.
I am not guru, I am a student of market like you are.
Feel free to ask any question.
Here are the charts.
Farooq
Paul,
Thank you for bookmark. Please do not hesitate to share your Ideas, I am looking forward for them.
You have a great mind.
Thank you again to visiting my board.
Farooq
Roy,
Thank you for reminding me,I do use it but not as a primary indicator. I promise to study it more.
I think I mention before that if more indicators are pointing in same direction then initial movement is more predictable that make me take full margin and once it is positive I can place a trailing stop. That is prefect recipe for win win situation.
Thank again for sharing.
I will not be able to post today due to some important matter.
Follow the signal.
Happy trading.
Thank you.
W@G1 QQQQ 02/11/08 for a 02/13/08 close
43.00 dr_sean
44.32 frenchee
45.30 Farooq although realistic up ward movement can stall and close at 44.80, but what do I know, could be wrong as usual.
W@G1 QQQQ 02/11/08 for a 02/13/08 close
43.00 dr_sean
44.32 frenchee
45.30 Farooq although realistic up ward movement can stall and close at 44.80, but what do I know, could be wrong as usual.
Roy,
Drink orange juice or take extra Vit.C 500 mg. eat proteins.
I think you are right they are trying to break SMA 65 on chart and QID will go higher.Signal tried turning back never confirmed it. Still long QID.
I have not taken trade because I am done leaving for some important work.
See you later. Happy trading.
Farooq
Roy,
I am out, Sold QID @ 52.33 for 83 Cents profit, that is SMA 65 resistance. Signal is still long but it could change any minute so ring the cash register. Now flat till signal change.
Profit today:
65 Cents
90 Cents
83 Cents
Nacona,
I have switched to QID, I saw your post little late.
I do not have much faith in QID trade since it is a counter trend trade to market and my sentiments but I learn from you to take signal any way. I have move my stop to BE+ 5 Cents profit.
I will take profit on it around 52 and 52.50 let's see what happen.
Whole effort is may be I can lit up another candle so I just want to pass it on.
Funny thing is in my e-mail there was an offer to manage money from hedge fund they want me to put my money in there fund as condition. I laughed at them.
I am reluctant to give up my freedom.
Thank you for visiting here.
Farooq
Roy,
Sold QLD for 71 even 90 Cents profit, signal turn negative so now long QID 51.50 stop 51.25.
Great trade on your part way more profit (% wise) then my trades.
Profit today:
65 Cents
90 Cents
Roy,
Signal refuse to GO long QID. So I went long QLD @ 70.10 it is a risky trade stop is 69.80 stay vigilant with trade.
So your position and mine is same.
System is short from yesterday @ 53.80 I was not here at the time I took short @ 52.90 today stop 53.10.
Farooq
Edit: QID covered @ 52.25 signal is ready to change not confirmed yet. So no long yet.
Profit today:
65 Cents
Nacona,
Thank you for interest, I am a free loader on IHUB but I will try to post as much as possible. I just do not wants to be addicted.
"I'll bet that you and I have worked a lot harder for a whole lot less in the past. Agreed?"
Agree and it is now easy and fun.
I am thankful to you, best thing I learn from you to going opposite once you liquidate original trade and following indicators strictly.
Happy trading.
Farooq
Sammy1024,
I will be happy to help in non trading hours, I hope you understand I do it for living.
Basic concept is same, NERS you are taking trade in CCI direction; 12,6 signal is more sensitive so when signal crossover occur I see for RSI and MACD confirmation if slope is happening and they confirm I take trade and put a stop I am comfortable with. Every one has there own comfort level and they should follow it. It is all discipline from there, by the way I am still not as good as Nacona or gloe is I am trying to improve. I got very valuable teaching from Nacona so I am trying my best to give it to other people.
I am not a good writer or communicator but I will try my best.
I do trade some trades on Golden spiral system since that is proprietary system so I can not share it. I do try to mention trade is on signal or not.
Your suggestions are welcome.
Farooq
Hi Roy,
Welcome aboard, I am delighted to see you here.
QID and QLD option spread is prohibitive in trading, they want about a buck in front month buying and selling. I can definitely
will benefit from your expertise.
Thanks again, give your suggestion when you have time. I am looking forward for them.
Farooq
LC
Thanks for your comments, I have adopted your suggestions, I had a 3,8 EMA paint bar which I was using.
NERS with my modification work fine for me currently, but your set up has one attraction for me and that you do not need to be in front of terminal all the time.
I want to study it more. Any other suggestions are welcome.
Thank you very much again.
Farooq
LC
Thanks for your comments, I have adopted your suggestions, I had a 3,8 EMA paint bar which I was using.
NERS with my modification work fine for me currently, but your set up has one attraction for me and that you do not need to be in front of terminal all the time.
I want to study it more. Any other suggestions are welcome.
Thank you very much again.
Farooq
Pokersam,
I did some trading from both side, here are results.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26631529
I do think your bullish forecast is pretty good, not because we are stating new bull market, but bear markets have 5, 10 % rallies. We churn and churn in bear market, but this kind of steep drops are not the character of a bear market, these are phenomena of end stage and that confuse me.
I will keep trading according to my system.
Thank again for sharing your views.
Gleno34,
Earlier you asked anyone trading QLD, here are my results.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26631529
7.10 Per share in cash basis.
14.20 per share on normal margin,
and if one has guts to trade 28.40 per share on max day trade margin.
Happy trading
Nacona,
I traded QID and QLD and my results for today are here.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26631529
7.10 per share in cash
(I quit early today otherwise it would be 10.10 per share.)
14.20 per share in margin account and
28.40 If one has guts to trade on full day trade margin. WOW
Thank you again for such a wonderful gift.
I do feel political situation will effect for few weeks, but I will be trading NERS with some of my flavors.
I think every one need to add what ever makes one comfortable.
When ever I do not take trade according to rules I lose more.
System keep my emotions out of trade.
I am afraid soon DaBoys will learn about our secret and will come up with some new thing.
In market like today it is blessing, but a lot off work.
I am out of short QID @ 51.30 that 2.85 profit per share. Fundamentally I should stay with trade but I think we may go back up a bit.
Signal was go long few minutes ago but so far I think I got a good price.
Edit:
Sold long QID which was bought for 51.30 for 52.50 this is too much, I am taking a break now, so add 1.20 profit, it will go up more signal is still long. I am going on lunch with wife.
Profit today
0.85
1.85
-0.20
0.55
2.85
1.20
I was stopped out on EMA 8 cross at 54.15 for 55 Cents profit and went short on QID stop was 54.50.
Posting was delayed but I mentioned my indicators. Stay with trade or go long with QLD.
Profit today
0.85
1.85
-0.20
0.55
I have updated iBox.
I took 20 cents stop loss on QID trade I was stopped out then took long again at EMA34 support level 53.60 is my entry.
Profit today
0.85
1.85
-0.20
So now long QID from 53.60 stop was 53.40 which is moved up now to 10 Cents below EMA 8 line.
NM,
"There is NOT way we see 43.00 today, ZERO chance"
Well all people make mistake and I do more then you but be humble when you think you are right you could be wrong on that certain thing.
If they (Da Boys) could not put support here it will be out of there hands too. Market is all psychology and TA can only help so much.
I appreciate your hard work.
I agree we have more then 60 % chance to OE around 45 $.
Happy trading.
Long QID again, @ 54.00 my confidence on this one is low but I am taking it because I have seen that when I impose my views I miss trades, but stop will be close 53.80.
So far today we have profit of $ 2.85 per share.