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Signal confirmed now long QID from 47.32 stop bit lose @ 47.02
First signal on sell QLD @ 77.84.
So I missed about a buck.
Signal still long but decided to take profit here 76.89 that is 1.03 profit per shares.
I will post the signal when it actually says sell.
New signal for day trade Long QLD 75.85, stop 75.50.
Edit: Move stop to 76.15 and trail it same way.
Trend1 and Pokersam,
I am not debating this topic and this is my last post on this topic. I am a trader and I can not waste my time on these silly things. Every trader has ego some small and some big and that is why most traders are stubborn.
Poker asked for opinion so I gave mine.
Here is all I can do, He is a trader so he may be busy like all traders, and just be patience,
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26456376
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26456489
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26456570
2/1/2008
fwiw...opening up below 1388 ES still keeps the double top in play on a day session chart. Rally from the low yesterday was 55 points (nice fib number lol) if 1333 ever gets taken out south before 1388 gets taken out nort...puts a target of 1278 on it.
Here is page you can see his past posts.
http://investorshub.advfn.com/boards/profile.asp?User=15964
Now those who wants proof they should do there own research more I do not have time do that for them. I am sorry for that.
Best regards.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26468780
I think he replied your question in above mentioned post.
I am not discussing his personal business, all good trader go in manging money so no surprise for me.
fasttrade,
Welcome aboard, I am looking forward to your posts.
Farooq
Trend1,
Welcome to the board.
He writes regularly you can read his posts.
Pokersam asked a question I gave my opinion.
I am not in debate with him, he brings a lot to his board. He is very hard working poster with big ego. IMOP.
I am long QLD from a lower level Where I sold last, I fail to post it in timely manner so I am not mentioning it here, I posted my signal but mentioned I like long side better here. Yhoo and MSFT deal will instill a fear in bears camp. Early signs of Bull Market.
Farooq
Pokersam,
You will not like my response but Teaparty 's work is bit superior to your work. His targets are more accurate and he is humble and probably more successful as trader.
IMOP.
Lindy,
Your hard work and staying the course is exemplary, I respect that very much. I do not know E Wave so I could not critic Pokersam work, but with out doubt he put a lot of effort in it. I admire his consistent effort with out asking any reward.
I think retest was done on last Jan lows and at least they have no chance to be retested till we test 1420 1442 area on SPX, which will violate Poker's count and I ask that hypothetical question but I never got an answer.
My max projection on QQQQ is 49.50 and low is 43.35.
I thank you all of you for sharing your hard work.
Farooq
QID stopped out for 20 Cents loss those who were watching could make 20 to 25 cents, I was busy so delayed in increasing stop loss to become gain protector.
Good luck.
Signal is stopped out on QID for 20 Cents profit. Still on sell but could change to long any time.
Farooq
Edit: Long QID from 48.80 stop 48.60.
Two-timer,
Welcome aboard.
Thank you I am looking forward for your contributions.
I do like to post daily signal but that becomes too much work.
I am thinking to post swing trades, but I will post some daily signal also.
System is long QID from 48.90 today and is still long. Stop is 49.10 now.
My soul and heart is on long side but I decided to post signal any way.
Good luck.
Farooq
I think your target could be achieved, but not in next 8 week, IMOP.
I also think on SPX 1420 is minimum we will reach before testing bulls again.
If you do not mind what will be alternate count and what it will project?
Your work is always top rated, but we can disagree on our views.
I do expect a retreat to 43.20 on QQQQ but now I doubt for that even.
Farooq
W@G2 QQQQ 01/30/08 for a 02/01/08 close
46.00 rayrohn (someday it will get to 46)
45.60 Farooq
It is a bad data chart, AAPL never traded above 135 today.
With real data candle will be different.
But I have seen usually bad spikes are followed by real price reaching at that level ultimately.
It is a bad data chart, AAPL never traded above 135 today.
With real data candle will be different.
But I have seen usually bad spikes are followed by real price reaching at that level ultimately.
If Fed does not drop rate at all, after first 2 hours we can rally hard.
No more rate cut will signal Fed is ready and now that Economy can survive. As long as they are cutting rate we can and should go down.
For Next 10 Weeks recent lows will not be tested again.
Bear market flush is done by French bank.
It will be hard for QQQQ to take out 43.20 on closing basis. IMOP.
W@G1 QQQQ 01/28/08 for a 01/30/08 close
46.01 ronnies
46.00 rayrohn
44.95 Farooq
Rest of QLD stopped out @ 72.50 with 7.50 profit earlier sale brought 13.00 $ profit so Average profit per share was 10.25 per share.
Signal is on sell for QQQQ but I am taking a break here. My personal bias is on long side, so when signal and me in conflict I step aside but I do post what system is saying.
Good luck and Happy trading.
Hi Sbird, Welcome aboard
This was a REFCO board which I decided to change, Trend1 keep changing board name which did not represent what I was posting so here we are now.
I will start posting my daily signal after my trip to Pakistan.
I am posting some swing trade signals.
Please share your Ideas.
Thanks,
Farooq
Chico,
Thanks for response, I trade in 4 Accounts, IRA (Mostly mutual funds few stocks), Long term Holdings (5-10 years, Longest is about 35 years), Short term trading account for QQQQ complex,
and Options account.
So what I did I bought some six months options on QQQQ and some 3 months options. I would like to buy some QLD options but price Quotation on those are way out and they are thinly traded, I am long QLD 65 Feb calls from a very low level. I almost bought them at the recent bottom, I can exercise them and get the delivery of stock.
I am a day trader also but after losing a lot I learned that trading account should be always separate from investment accounts. I go through same dilemma that why not trade all accounts like trading account (because of high return it produce).
NERS with some variations of mine producing great results.
I am thankful to Nacona and Gloe for teaching us so good and sharing the knowledge.
I do share my trading signals on my board QID QLD Trading(QQQQ).
http://investorshub.advfn.com/boards/board.asp?board_id=4514
I do not follow hard and fast NERS rules so I do not post my signals here.
Thanks again and happy trading.
Deleted massage double post.
Sold half position at 78. I am expecting a pull back here but I was wrong many times before so keeping half position. Stop is in place.
Happy trading.
LC,
Thank you for sharing your thoughts, I am long QLD from 65 and sold half for 78 today. I was expecting a pull back here but as you know it rarely happen when crowd is expecting some thing.
Question is what you will do and how you will play it?
I thank you for contributing your hard work, it has improved my trading.
TIA.
Stay with the trade, 77 was first target and second target is 82.
Those who wants some profit they can take some profit and can invest some of it in QLD 75 options; Which reduce risk for losing all profit.
Stop is now 72.50
Happy trading.
Farooq
QLD bought @ 65.00 stop is 63.00.
Sold all QID @ 55.20 Now waiting to buy QLD.
Still long QID stay with trend, my stop is yesterdays low 49.50.
Once this trend stop I will do more day trading.
I will take partial profit @ 54.50 level and will buy QID calls as protection for future long. Since that is not scope of the topic so I am discussing it more here.
W@G2 QQQQ 01/23/08 for a 01/25/08 close
46.00 rayrohn
42.97 Farooq
41.25 ronnies
W@G1 QQQQ 01/21/08 for a 01/23/08 close
46.20 rayrohn
46.08 frenchee (Expecting a rebound as there are positive divergences between price trend and RSI(10), Force Index (13), and MFI (7) on the daily charts.)
44.60 Farooq Just for fun
44.04 ronnies
Fed rate cut have changed the picture.
So far signal on QID is long. Use stops in volatile market.
I will try to write down my system again here.
I do think we will try to close in green today. If we close red today, we will test 1265 -- 1244 on SPX before turning up.
I do think we should turn up here and test 1400 on SPX again before testing those lows.
Opinions and Questions are welcome.
Tomorrow could be a great opportunity to go Long QID in the morning and then going long QLD at the end of the day.
W@G1 QQQQ 01/14/08 for a 01/16/08 close
48.60 frenchee (correction to resistance)
48.00 rayrohn
47.75 Farooq, I think Monday we will try to test 46.50 then bounce back. It could be 5 % bounce, but on conservative side I am going for little less.
Thank you all.
I think to create more interest in the board we need to give some explanation that how we are picking our price target.
We need to interact more on system we are using to reach on a decision.
I am sorry I do forget to post on Wednesday.
Happy trading.
W@G1 QQQQ 01/07/08 for a 01/09/08 close
51.00 dr_sean
50.35 bob3
50.10 frenchee (playing the fill-the-gap theory)
49.25 rayrohn
49.00 Farooq
Stopped out @ 41.70 for 25 cents loss. I will short it again if 41.75 - 41.80 is reached.
Ford 35 $ in coming years (By 2012). Although we may go down in short run.
Why it is going to happen?
New technology bring more profits, cars are moving in that arena, Hybrid, Hydrogen, fuel cell, Electric cars are examples.
2- Balance sheet is improving, they are making money this year then losing it. Market like to see 4 Quarter positive earnings before they move it.
3- They got money at lower end of cycle so they are not going to suffer that much from credit crunch.
4- Health cost will be more under control then before.
5- Labor cost is now more in sync with Japanese and European
manufacturers because of cheap dollar.
6- Ford is punished along with GM because of sub prime exposure, but Ford has not exposure to it the way GM has and way market is telling.
Weak hands will be flushed out in this fall people buy on TA based analysis and sell when those para meters are broken. MM and big sharks knows that, easy way to drop price is when there is fear and lack of liquidity.
So they are dropping it to a point where they think every weak hand will be sold.
Today we hit 22 year low it does tell how far we have come.
Other out side factors.
Obama wins and you will see oil in 40-50 dollar range in 1 year, yesterday that is become 55% probability, in 5 days it might become 65 %. In case of Clinton drop will be gradual. Oil market is already starting to discount it in presence of severe weather. You can see the price drop.
There is 35 Dollar premium because of Iran war fear when Mr. Bush said world war III is possible, you can go back and check the chart.
Iraq war has 25 dollar premium and there is 15 dollar because of weak dollar. Dollar will take some time to improve.
If Obama and Clinton will be on ticket I will go long on US$ also.
I was wrong on covering my short yesterday. So I could be off by few years, do your due diligence. Although I was thinking they will test previous lows before going up.
Good luck to all holders of Ford.
Short QID 41.35 stop 41.70.
Signal might change fast I might cut loss small if my feel is not good.
Covered at 41.18 for 40 Cents profit.
Short QID @ 41.58 stop 41.85.