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Signal went flat @41.55.
Long should put a stop if want to stay long it is on 5 minute chart.41.10 should be stop.
Farooq
Edit: Signal went short on QID 41.18 stop 41.38.
Out at 40.80 signal still long but think little is left.
No short yet.
Signal went long again @ 39.57 but I am in at 39.59 stop is 39.55. target 39.90 40.00 area.
Farooq
QID long on 5 Minute bars @ 39.48 stop 39.30.
Target 39.70
Farooq
Edit: Stop now 39.60 could hit 40.05 area.
Stopped out @ 39.60 Signal still long. I might buy it again and I will try to post, now want to go for lunch.
Good to see you back, I am a free loader on IHUB so will use my posts wisely. Do not want to be addicted.
Congratulation on good trade.
Signal stayed short original signal. Stop now 39.76.
Signal long @ QID 39.85 it is short term signal on 5 minute bar stop 39.70 target 40.30 area. Then move stop with trend.
Edit: Stop moved to 39.90 which got hit and now no position.
Stop now moved to 40.70 on QID short trade.
Signal will take profit @ 39.82.
Edit: Trade closed @ 39.82 No buy signal short is still in place but taking profits is my way of trade, people who like to stay with trend could move stop now 40.20.
QID Sell short from yesterday @ 41.05 stop on 41.40.
I use QID because of more liquidity then QLD if share not available to short one can use QLD long.
Farooq
I will try to post my signal Timely, but here are few things I need to mention I do trading for living so my primary Job is making money not posting.
Every one should do there own D/D fills in the markets are fast so every one might not get same fill it could be better or worst.
I use hard stops as well as trailing stops.
I will post all signals generated by set up, It takes a lot of things from NERS if you need more info you can go to CS board.
I have added few things for cosmetic purposes in it.
I do lose money so remember I am a human being, I have seen signals are more correct then my intuition so here we go.
Signals are from 5 minute to 30 minutes bars which might not be suitable for every one.
Farooq
I think if it is OK with TREND1 I can start posting my signals for QID and QLD here.
What do you say TREND1?
If public come to know before merger price can move up fast. They were talking to consultant in this matter, They do say that all talks have terminated. Why in the world you need to hire consultant if you are not serious about it. Point is if price is right they might sell it. JMHOP.
Do your own D/D.
What Ford will fetch in Chrysler Ford Merger or taking it to Private
I think at such low price Ford is a great candidate to be acquired and becoming a private company.
That will keep Ford trust Happy and they will have some control also.
I think Ford can Fetch 21 to 23 $ easily. Any comments?
Good for you. Writing was on the wall.
I do look different charts including yours, A trader takes input from every source but he always adapt a method which works for him.
Happy trading.
Book marks increase with success and correctness of your calls, you should not worry about bookmarks, writing will increase your concentration and you will be a better trader.
If you worried about book mark then go on popular board and post some great calls and people will follow you.
Ultimately it is your call.
I do not trade your system I follow NERS with my flavor.
You can take two screen shot, one for long and one for short and post them here and then post link to those messages in IBOX.
They are help full for people who wants to trade some thing other then QID QLD. JMHOP.
Farooq
It will be a good Idea to have link for for these long and short ETFs in IBox, JMHOP.
Farooq
Trend1,
In my experience, trend line reject the way it did has highest probability to move the price in opposite direction for 2-3 percent. Let's see in future.
I appreciate your hard work.
Farooq
It broke trend line number and pull back, now what is the significance of this action?
TIA.
Farooq
What would happen if net drain would be bigger. That is need to be answered.
Gleno34,
QID is inversely link to QQQQ if it rise 1% QID will drop 2%.
If QQQQ drop 1.75 % QID will increase 3.5 %.
It relation is percentage wise not price wise.
When people explain they make it simple. I hope it help.
Farooq
Gleno34,
Your chart showing EMA 10 @ 1531.78, and 20 MA 1538.07 I do not see any thing showing 1485, But I think we have a chance to touch that area but then going for 1605 area on S&P cash. IMOP.
I think it will work this time.
I agree glen, that is why you always need to have safe guard in every circumstances. Stop loss or put protections.
Farooq
"Fact about QID: Since QID started trading. If you bought the monthly open price and set a limit order .60 cents above that price It would have been filled each month.
1000 shares X .60 = $600.00 per month
5000 shares X .60 = $3000.00
10,000 shares X.60 = $6000.00
And you only had to make two transactions a month (less than 5 minutes)
The big question is, will it do it again this month?"
QID failed to do normal thing. Some thing first for first time.
W@G2 QQQQ 10/31/07 for a 11/02/07 close
56.00 frenchee
54.26 The Cap'm
53.49 Farooq
52.70 AZ123
"Well Farooq - Sorry, I think you are dead wrong. The economy and the market are driven by the consumer. It always has been and it always will be. The consumer rules."
I could be dead wrong, but what is your explanation for this rise in market?
"who are "they"? "
Market participants with more then 10 Billions in assets and huge resources massive computers to track every tick and every sale.
I am thinking to go long NDX and put a stop under 200 points which is 10% I hope it will survive, when it will double I will sell and keep my original equity.
Pokersam,
This market does not go with logic, it goes on hype. It is fruit less to short this market, There is no short left, if they are they short against box so no real short. When they try to sell they saw it dive badly. What they do now, take it 2000 points higher.That in current dollar value is still half of 2000. Distribute there and then just stop buying it.
I am really surprise with current money managers they have never seen a real bear market. They only saw a IT melt down.
So stay long stay happy, keep stop under neath, throw out logic other wise you are going to miss best bull move in long time.
Stay long, stay long, stay long my new mantra.
Seems like your local problem. No break for me.
Thanks to every one for sharing your hard work.
W@G1 QQQQ 10/29/07 for a 10/31/07 close
55.00 bob3
54.49 frenchee
53.93 The Cap'm
53.05 Farooq (Out side chance of 51.77 also there)
Sold my Oct 52 puts for 300% profit after commission.
I think I sold too early, will try to buy back at close, I think 53 will be a better bet if they come back.
Still long QID some added @ 35.43.
capt_jmj,
Thanks for the link.
My point was Fed is still fear full and they continuously adding liquidity, So things are more bad then they look on the face.
I have decided to wait till I see draining of liquidity, because there is no reason to fight this.
Thanks again for sharing.
Pokersam,
This time you may be right, Today is among few days when we did not go up after a massive injection of Fed funds, Injection was 310 % more then anticipated. I was thinking we might go up by 100+ points. Fed injected 16 Billions which is almost close to what they were injecting near melt down time (They injected 19 billion on hight of credit fears). Market participant hoping for 5 Billion injection today. Fed knows our fundamentals are way weak then what people are saying.
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
So many bears are slaughtered that no one is ready to short any more. I am bearish today with some tight stops. I think QQQQ can come to 51.40 area and test that support.
I am long some QQQQ puts and some QID stock.
Like to hear your views and where you think initial support will be? TIA.
Thing can be overbought for long time, sanity is gone stay long put stop 3% lower, enjoy the ride.
Market going up on bad news look at MER what will happen when there will be good news?
Farooq
I hope your stop worked, all this time when most of this board is negative a lot of money is made, a prudent strategy would be to stay long with 5 day EMA as stop.
Why to fight a trend. IMHOP.
Is not our effort should be making money, then predicting the market, some time it is so simple to make money but we makes it very difficult.
Farooq
northam43,
Thank you for sharing your hard work and research, I am watching it with some interest.
Farooq
Out of QID @ 38.38 as target reached it might go to 38.50 area. I am usually out a bit early.
Sbird,
Thanks for sharing. I will try to write during a slow time.
Farooq
Trend1,
That is an interesting chart. PB3 seems to work well in in finding trend, could you please post a 5 minute PB3 chart.
QID signal went long @ 38.07. My stop is 38.06 and I am targeting for 20-30 Cents.
Farooq