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Long QLD @ 67.10 signal came at 66.50 did took in time was in debate, so stop is 66.30 those who are not comfortable with this stop can adjust according to the point they like.
I will move the stop to 67.50 once we reach 68.00.
Edit: Out of QLD 68.95 expecting some resistance at EMA 34 line. SO better take profit.
$ 1.85 profit per shares.
I do want to mention that signal is still long I just took profit because I see some pause at those levels.
Long QID 54.30 stop 53.90.
Edit: Sold at 55.15, initial signal show some weakness is coming.
85 Cents profit for today.
W@G1 QQQQ 02/04/08 for a 02/06/08 close
43.0 dr_sean
Congratulation right on the money.
I will follow my system more closely, my disruption cause me some good shorting opportunity. I will be doing both long and short trade tomorrow as opportunity arise.
Thank for sharing your views.
It is really tough to go long when every thing looks so bleak.
LC,
Thanks for sharing,
DMI-9 is ADX is 9 also.
3/8 EMAs
Chaikin Oscillator is it on QT default value 3-10?
Will it be to much to ask for paint bar parameters? When you have time. You can copy and paste rules in the reply.
Here is my set up which I named LC 15 look like.
Thank you again for your time and kindness.
LC,
What are your settings of indicators? I hope you do not mind to share in detail, if they are propriety then it is OK.
Fasttrade,
You did good. Let us know when you buy, and if like what is the reason to buy?
Thank you again for sharing.
Faroq
northam43,
Great call, I was in serious doubt that we can break 43.50 on QQQQ but political picture has broken all resistance.
Pokersam, Good call.
Once prices drop from normal pattern then whole picture change.
On QQQQ break of 43.50 change whole dynamic. All short term indicators are indicating more weakness.
Shorting here is risky but rewarding.
Stopped out @ 69.50 for 44 Cents profit.
Bought again @ 69.10 stop now 68.80.
Same precautions.
Stopped out because of trailing stop BE +10 Cents.
No more trading although it can go up tomorrow but risk of over night is a bit more.
I will buy QLD Feb 65 calls if signal become positive.
Gleno34,
I bought some QLD at 69.06 stop was 68.70 now I moved it to BE+10 Cents.
I just came back and saw drop I am buying here QLD @ 69.06 stop is 68.70 because of market volatility.
I usually use cash only in this type of situation once position is profitable I will use margin.
Indicators are over sold but they could remain over sold. use caution with funds.
Sold QLD @ 72.55 for $ 1.55 profit signal was long at the time but I need to leave desk. Use stops and protect some profit.
Long QLD from 71 stop 70.50 signal long.
W@G2 QQQQ 02/06/08 for a 02/08/08 close
45.00 lol it a hope that by friday we fill the gap
43.50 In case we test lows I do not think we will, but I was wrong so many times.
43.00 dr_sean
42.25 bob3
41.94 frenchee (next support level)
There are 100,000 blocks of put traded on QQQQ for Feb 45 and Mar45 Puts and 100000 calls on Feb 45 calls. seller sold March Puts for Feb 45 calls protection IMOP. CNBC reported and CBOE volume shows it. Expiration of Feb will be around 45 and 46 on QQQQ.
No buy signal at close, they are taking no prisoners, all in cash in trading equity account.
I have bought April QQQQ 45 calls for 1.90 and 1.80 so average is 1.85. That is almost same amount I made in QLD trading today.
This position is bought in option trading account.
Farooq
Went long in cash account @ 71.10 QLD no stop was placed at the time.
Now signal is long from 71.50 so stopped is place at 71.50.
Edit:
Close above 72.02 will be big positive for 2-3 day trend on QLD.
We may retest todays low tomorrow, while I am writing it I am stopped out for 40 Cents profit.
Long again QLD @ 71.60 stop 71.30 lose stop because of gains accumulated today.
Edit:
I was early, stopped out for 30 Cents loss, that was my last trade on margin for the day.
We could but we will not, they are hedging for possible Obama's victory.
Bear markets drop are slow steady, bull market drops are fast and furious. What do you see here?
If Hillary and McCain are winners tonight, tomorrow will be bad day for bears.
I could be wrong so use stop. I stopped out of QLD long @ 72.30 again it is still profit.
Add 75 cents more for today.
Long QLD 71.55 stop 71.35.
Long at open QLD @ 72.70 bad fill stop placed just 20 Cents below. Target gap fill.
Edit:
Stopped out @ 73.75 trailing stop hit. $ 1.05 profit. signal still long.
fasttrade,
Thank you for sharing your work. Pokersam work hard no doubt about that.
Well I was thinking they might succeed here for drop and they did I sold little early because of margin situation. But over all we need to go up more.
Obama victory in short run will drop market more. (I am not against any candidate but political situation does effect fundamental picture. If he will be President we can see 40 $ oil with in 24 months. Which in the short run will drop S&P but in the long run a strong bull market.
Thanks for you input, what indicator or system you are using?
Sorry for delayed answer.
Farooq
Detlevs,
Thanks and welcome to the board.
I updated iBox and will try to add more in coming days. Stay with us and give us your Ideas.
Thanks again.
Farooq
rayrohn,
You missed my entry.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26513676
Closing QID long position at 48.64 for 24 Cents profit. It was a margin position so I need to close it.
Todays returns for signal.
Cash return $1.19 per share.
Margin return $ 2.38.
Max day Margin return is $ 4.76.
Every one get different fills so individual returns could be different.
Signal is go long on QID from 48.40 stop 48.20.
Rayrohn,
That was a good exit when I came back I saw some good drop. I am ready to buy here if 75.30 area hold.
I am buying at 75.30 put the stop @ 75.10.
Edit:
Filled at 75.35 this move fast. I was trying to post real time.
Out with 45 Cents profit. Signal still long.
I need to leave my desk so selling here at 76.95 for 50 Cents profit signal is still long those who wants to stay long should place stop under 76.55 and move it up accordingly.
Todays profit 50 Cents.
Long QLD 76.45 stop 76.08.
Farooq
47.00 frenchee (Expecting the short-term trend to continue until it reaches trend-line resistance drawn from the low in Mar and Aug 07. See the iBox daily nine-month charts @ #board-3358)
46.25 bob3
46.01 ronnies
45.85 Farooq I do think first we may hit 46.80 area and then come back to test it again.
45.50 rayrohn
43.00 dr_sean
Jonr,
"EMA 34 = 1+1day 1+1 hour True trend is 1+1 day."
I hope you have read about true trend I think in past it was mentioned here in some posts, I will try to find original article.
What is usually considered in trading a good indicator for trend is EMA 34.
To translate and accommodate for shorter time frame we have to convert formula in short term. Same as CCI. EMA 3,actually represent same concept (almost, in some certain sense).
So I take EMA 34 for true trend on 30 min chart and 68 on 15 min and 208 for 5 min charts, Which I have modified to 65, and 200 respectively. This keep me with trade without whip saw.
Although I have a bad habit of jumping trade a bit early.
Since on my day trade I use max day trade margin some time so that comes with territory. I am reducing margin and trading some future.
I am not a good writer and communicator so I do not know I am making any sense. Hope it help to clarify my concept of using moving average for trend.
One thing I have noticed in trend less market it whipsaw you like many indicators.
Farooq
Rayrohn,
I post some daily signal on my board. So far not much follow up so I post one or two trades. I hope some will able to add it in their trading and get some benefit.
I trade QID QLD and options if you like drop a line, I would love to have your kind of company. I would love all who post here, sharing Ideas and trying to make some money.
I will keep posting. Sorry I miss spell your name in last post.
Please remove last post thanks.
Jonr,
Adding EMA34 on 30 Min give you a true trend.
EMA 34 = 1+1day 1+1 hour Which act as noise reducer.
True trend is 1+1 day. I think on 15 min EMA 65 will do the job.
Thank you for your hard work.
I love this board, it is making lots of people good traders.
Thank you all contributors.
Farooq
fasttrade,
I like your idea of going in cash over night. In day trading I try to do same.
I trade QID and QLD because of leverage. With full day trade margin it can beat future in profits.
Trade what you are comfortable with, QQQQ has more liquidity with out doubt.
Happy trading.
frenchee,
I am very happy to see you here.
Please visit often, beautiful chart. One of these days I will learn to post my QT charts with signals.
I think it indicating a minor bearish struggle brewing up.
I agree short term daily trend is up. Long side will make some serious money.
January 22 low can wait 8-10 weeks to be retested. IMOP.
We are going to have some down days in between.
Thanks again and happy trading.
Thanks, One has to win out of 2, LOL
OT
Teapaty,
I could not reply PM. If you like to leave e-mail address in PM I can reply.
Good luck.
Farooq
OT
Teapaty,
I could not reply PM. If you like to leave e-mail address in PM I can reply.
Good luck.
Farooq
signal whip saw here so out at 47.32 for even commission loss.