Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Out of QID short @ 38.62. No long signal still short. I am taking trade here because of S2.
Edit: 90 Cents profit support evaporated like it was never there.
New target is 38.20 I may re try at my exit price. I doubt I will get it soon.
Nacona,
I do trade ER2 and NQ future but not aggressively. I have tendency to trade them conservatively. Some how QID work fine.
I think it is emotional knot some where.
I say thank you to you for sharing with us your hard work. I also learned from you going short where you sell long and that has improved my results. I still sometime pause in going short but I do it more often if in counter trade signal is in my favors.
I have given much attention to SR levels after gloe mentioned it way back. I am still learning every day. Thank you Gloe, You are a wonderful lady, You thought us well.
I am also realizing simple the system better I trade. I think MACD is little lagging among all I use.
To Jetlag:
a method (combination of signals) that can be applied with any trading/charting
Yes it is combination of indicators signal which could be apply on actively traded issues, IMOP.
Resident masters can explain it better then me. I am just a student.
Short QID from 39.52 target now 39.08, old short signal, trying to ride again.
We did come close to our previous target of 39.65 but there was no momentum to go down.
Buy Long QID 39.40 stop 39.20 target 39.65 to 39.80.
Edit: out @ 39.53 signal still short, I am not comfortable with counter trend trades if they do not turn in my favors soon.
Signal is short on QID from yesterday 3:05 41.60 so this is not new signal. I just took my profit yesterday.
Nacona,
Thanks for kind words I am using NERS with modifications and some discretionary trades.
Program is based on CCI 144, signal 12,6
RSI, settings 14,5
DMI ADX, LC settings 9,14
MACD, Default value 12,26,9
Slow Stoch 5,3
Different MA. 3,8 EMA LSMA 26 EMA 34 to stay with trend
I have mentioned those settings in previous posts. It is NERS with my flavors.
Pivot DMH, DML, and support and resistance points from QT,
I do trade near resistance, or support with in signals some time it work out some time I am left out of trade, recently I was just lucky.
I like to see at least 2 indicators in sync CCI and RSI I take in consideration more and try to trade on right side of signal and trailing stops. I use 20 to 30 Cents stop loss.
I hope it helps some others. These are ideas which make me comfortable to trade NERS, I do exit on 50 or 100 and some time before if others indicators are giving opposite signals.
Staying with trades are one tough cookie.
I do read this board regularly, thank you for sharing.
These are signals, my profit could be more because I missed 1.10$ to post there.
I am postings my signals, every one is not filled on same price so no results can be matched in real time markets are fluid and fast.
Yes if you trade 4X this is what you could make. little more may be I exited few trade early.
Here is the summery of signals results.
1 Signal profit 25 Cents
2 Signal profit 60 Cents
3 Signal profit 33 Cents
4 Signal profit 100.00 Cents
5 Signal profit 12 Cents
6 Signal Loss (2) Cents
7 Signal profit 50 Cents
8 Signal profit 40 Cents
9 Signal profit 70 Cents
Total profit = $ 3.96 per share
Max day trading on margin 4 X 3.96 = 15.84 $
On 100,000.00 account = 35640.00 - Commission
Good luck.
Buy to cover short @ 41.10 and went long from same, target 41.50. Stop 40.90.
Profit from last trade 50 Cents.
Edit: Out at target and short from there. short from 41.50 stops 41.75 target 40.80.
Out at target now flat.
Brought 70 Cents in. Signal still short no long yet but I am out.
Signal now turned short QID @ 41.60 stop 41.85. target 41.15.
Buy long QID signal was generated at 1:35 around 40.70 signal target was 41.40 but it is still long. I was away so could not post. I will not take it in to trading brief.
We did miss about 70 Cents in early trading possibility while I was gone.
That shows need for set up and posting there signal here.
Good luck.
It is lunatic for trader to think taxes and not take extra 4 % return on portfolio.
You are right for investors taxes are important in the equation.
Long QID 40.72 target 41.05 area. stop 40.50
Out with a loss of 2 Cents trailing stop was increased to 40.70. Signal turning negative.
No clear direction we are trading water here.
Loss on trade 2 Cents.
QID trading is all short term gains.
One need to register as trader to take full benefits.
W@G2 QQQQ 11/28/07 for a 11/30/07
51.20 Farooq
ETFC options buying.
Strange activity in ETFC option.
Increase volume in April 2008 option April 10 calls bought @ 0.45 Cents 15000 contract traded.
7800 traded on April 5 calls, and
7500 on April 15 calls.
Usual volume is under 100 Contracts for those months.
Need break so took my profit @ 40.83. I be back in soon.
Profit on trade 0.12 Cents.
Decided to take profit at 40.60 signal is still short on QID but I think it is trying to change. Right now flat.
profit on this trade 1.00
Edit: Enter short QID again @ 40.95 tight stop 41.05.
Signal still short.
Signal went short @ 41.60 target 41.00 stop 41.75.
Edit: moved the stop to 41.45.
I did not took short at level because signal changed to long @ 41.40.
I try to update message but Ihub did not allowed. Target of this long is gap fill and more. Stop was 41.10 but now moved to 41.73.
Market is very fast so my posting could delay. use tight stops counter move is possible.
Stopped out @ 41.73 signal is still long. It could change any minute.
I took 41.15 to cover my position It has difficulty holding below DML line.
Signal still short.
Total profit 80 Cents. This gives us lee way for lose stops.
I will short again if signal stay short @ 41.46. I should have gone long when I covered but market is fast and moved away from me.
I do not like middle of signal trade odds are not good for that trade.
Signal on QID is short but took gap open trade went long @ 41.50 will be out for 25 Cents profit and will reverse to short.
System short QID from 41.75.
target 40.90, stop 41.85.
Edit: Trailing stop now on 41.68.
If there are profits Lock them.
I trade 5 minute candle chart, I use QT soft ware for charting and signal and different data source, Program is based on CCI 144, signal 12,6 RSI, ADX, MACD, Different MA. I have mentioned those settings in previous posts. It is NERS with my flavors.
But main difference is if I am uncomfortable with set up I let it go, I also take profit based on S/R DMH DML Pivot and Fib ratio.
I do miss trades based on my bias but I am a human being. I do make mistakes, this might be a little lucky streak so take it with grain of salt.
I trade for living so my posts may be delayed here but once you set up your charts accordingly signal should match. Results will be still different because of fills and way we trade. I usually trade market, some time limit when I am lazy or acting stupid. Cost of miss opportunity is too much.
Please share your ideas, I am always eager to learn from other traders.
I am thankful to Nacona and Gloe from CS Group for sharing the hard work. I am in debit to many other wonderful traders.
I am free loader on IHUB so my posts are limited. I use another forum which is invitation only member forum. Since I am not owner of the forum I can not invite any one.
I welcome your intrest in this board and looking forward for mutual dialogue for improving our skills.
Good luck.
Here is what happen today.
1 Signal profit 0.65
2 Signal profit 0.50
3 Signal profit 0.27
4 Signal profit 0.25
5 Signal Loss (0.05)
6 Signal profit 0.65
7 Signal profit 0.25
8 Signal profit 0.68
Total Profit $ 3.20 per share.
on full day trade margin = 3.20 X 4 = 12.80
On 100,000.00 day trading account generated 30080.00 Profit - Commission. individual results will vary according to fill. Put some time and learn system so you can pick early signal.
I am flat going in tomorrow.
Good luck.
I bought again on pull back at 41.75 and sold for 20 cents.
I am long from 41.70 now, signal is long but ready to turn soon, but I am wrong on that many times.
I will wrap up after the close.
Edit: Sold @ 42.38 that is 0.68 Cents profit. Now flat to close.
I am out of QID at 41.75 now leaving will be back after 30 Minutes.
0.65 Cents profit.
Stopped out 41.10 5 Cents loss.
Signal went long again, so long from there 41.10 stop is break even now.
Target 41.85.
Failed to take out DMH stopped out at 41.10 now short from 41.05. Stop loss @ 41.10.
Last sale profit 0.25 Cents.
I re enter QID at exit point 40.85 and Signal still long we could see resistance at 41.25 DMH point.
Stop is break even + 0.5 Cents now, I will stay long if 41.25 taken out with vengeance. other wise I bail out.
Out of QID @ 40.85 signal changing, better take profit.
27 Cents gain.
Edit: As soon I took profit signal changed to long again, Whip saw.
I am waiting out this one, may enter at exit price.
Long QID signal 40.58 stop 40.40.
Target reached stay with trade put trailing stop @ 40.85 now.
Edit trailing stop now @ 40.75.
Stopped out for 0.50 Cents profit.
No long signal yet.
Short QID @ 41.25 stop 41.45 target 40.85.
This is initial signal it is not confirmed yet. I took it.
Nacona,
I am thankful to you for sharing your system. You are the best teacher.
I am also thank full for visiting this board.
System was short coming in today I use time to improve my entry.
For targets I am using Woodie's S&R points and DML, DMH,Pivot. Along with Fib number.
It is still an art as you know, but having a system gives me confidence to trade and use margin efficiently and I use 10 to 30 Cents stop loss according to market conditions. Stop loss is my flavor to NERS, I am using RSI 14,5 in NERS mix also on 5 min chart. I am not trading all signal but I am trying to post all. Posting close to real time is problem some time, because my primary job is to trade and make money for living. I will see how it goes.
Thank you again.
Do not forget to take profit When you can. Signal went long at 40.10 on QID and is still long. I may front run and short it 40.75. Will post here.
Signal short from 40.80. stop 41.25, target 40.25.
Edit: Covered short @ target , no position now, probably re short at 40.60 no signal for long yet.
Happy Thanks Giving to every one.
QID signal went long from 40.50 and still long.
I will back on Monday.
System gave first buy signal 41.37 At 10:00 I have not posted it because I am leaving soon and do not want to post if I can not follow, target of the signal is 42 area. IMOP.
Please always do your research and due diligence.
If you have 100,000 account with out selling you can trade 8 trade of 25000 but if you are a pattern day trader then 16, but by the close of the day you need to bring back your account to in the normal margin range. Next day your day trading power will be determined by cash available X 4.
So for pattern day trader it is better to close all position by end of the day. So he can have maximum funds available for trading. IMOP
You can read more from NYSE or google it.
here is one link.
http://www.daytradeteam.com/dtt/day-trading-strategy/2005/08/pattern-day-trader-rule.html
I hope it help.
Farooq
Sammy1024,
Main component is NERS with 3/8 I do use my own discretion some time and this will take some time to describe.
I have bad habit of front running signals but I mentioned them and I will keep posting accordingly.
As long we hit above 0.50 we should be OK trick is letting your winner run. I am a student also. My trading Experience is only 35+ years.
Thank you for visiting this board.
Farooq
I posted some QID trade signals on following board
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24705615
I traded NERS with some cosmetics and thank you to all who graciously shared there hard work with us.
It generated 2.43 $ per share profit.
on full day trade margin it returned above 21 % on equity.
1 Signal gain 1.23
2 Signal Gain 0.05
3 Signal Gain 0.12
4 Signal Gain 1.23
5 Signal Loss (0.20)
Total Gain $ 2.43 /per share.
100,000.00 $ traded with full day trade margin 9000 x 2.43 = 21870.00 $ minus commission is your profit. It cold be different for your fill.
I was late in posting in the end, market was too fast other wise it could be higher.
Happy trading.
Farooq
Signal Stopped out @ 41.38 for 20 Cents loss. Went long at same could not post signal so I stop for today, till new signal comes.