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Thank you every one.
Farooq
W@G2 QQQQ 12/27/06 for a 12/29/06 close
44.05 DrWorm
42.31 Farooq
41.66 frenchee
W@G1 QQQQ 12/26/06 for a 12/27/06 close 2day~wag
43.53 Myself °¿°
43.35 Farooq
43.00 Dr_Sean #msg-15790469
42.71 frenchee
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
Happy Holidays and Merry Christmas to Everyone.
Wishing you all the best!
Farooq
You calculate projected move with cup or inverted cup formation.
This is one reliable way; remember nothing is guarantee in market. Odds favor it. It is game of probability, you play long enough you could be ahead in the game. That is one reason many professional players do it in Box. You always define box. If I short I always buy calls against that so If I am wrong it would not kill me, If long buy Puts with it.
Always define risk before you enter. I do not do this thing with my NERS trading.
Good luck.
Farooq
We have done that about $2 decline from top, need to go up closing near 43.40 JMHOP.
It is a 65% call my stop is 10 cents below my buy.
Farooq
Astoguy,
You wrote about me in August "Looks like you are a doctor blowing away your money in LONGS in a downtrending market?" and I wrote to AJ,
http://www.investorshub.com/boards/read_msg.asp?message_id=12419275
What is your opinion about me now?
I am just kidding. I think 1360 on SPX is in cards now.
Good luck.
Farooq
I think we are heading to 1360. What do you think?
TIA.
Farooq
Little while ago I wrote about S&P that where we are heading, I think we are there so we might take a breather here. Here are my thoughts for AJ
http://www.investorshub.com/boards/read_msg.asp?message_id=12419275
I think 1360 on SPX is in cards now.
Farooq
AnderL,
Congratulations good call.
Farooq
W@G2 QQQQ 12/20/06 for a 12/22/06 close
45.05 DrWorm
44.75 rayrohn
44.55 Farooq (I am late but it is fun to see with out money) amusing
44.45 bob3
44.28 Wonderbuy
44.18 quiet
43.70 Dr_Sean
43.50 LTMatt
43.26 frenchee
43.00 anderl
Be,
Thanks you for your kind words.
NERS is helping me in my short term trading.
Farooq
All details are posted there on there site.
http://www.proshares.com/funds/distributions
Farooq
Good board, Congratulations.
If we do not take out 43.20 in next 7 days we are going to 47.50 in about 3 months before heading down. If 43.20 taken out we could touch 41.29, just thinking loud.
Farooq
Gleno34,
Why you went short again?
NERS?
TA?
Hunch?
How strong was indicator?
Reason I am asking these that we take most of the trades with out analysis and they take our energy. We need to let go sub par trade, Just like taking loss when you are not right. Write down reason you went in to trade and follow how long it is valid. Just sharing the way I learned it and still do that. I also admit that I still make my share of mistakes.
Good luck.
Farooq
gloe,
Thanks for input, My point is we went in to 5/144 for better entry points but original system was 15, 30, 60, min bars with respective CCI 48, 24,12. So once we enter and becomes profitable switching back to 15 minutes create less whip saw and more profits, we can enjoy a bit less stress full life. Shorter time frame need more attention and create more trades.
Suppose you do 10 trade round trip @ IB it is 10 Cents for them, so if you made 30 cents in a day you gave them 33% I hope you have noticed range for average day trading is 1% and no system can get every penny. so few trade you do your share increase dramatically. I think it as a business that how I can cut cost and increase my profits. This board acts as my board of directors who brings different ideas some will negate my idea and give me better argument for contrary. Trading is not a adrenaline rush to me. I intentionally take time off from trading just to make sure this is not addiction just my business.
I do understand any increment of 100 +/-100 CCI can be traded.
Thank you, again.
Farooq
Nocona,
They did not steal the lure you changed the stick, 15 min 48 CCI is short from yesterday 44.60 and still short. Am I reading wrong? Is it not better to enter on 5 min and then staying with 15 min if position is profitable more then 20 cents?
No 3/8 cross over there yet, although on CCI only it could be covered @ open when it went above -200.
Trying to learn this.
Farooq
Very good observation. Did you covered your position or still short?
Good luck.
Farooq
Be,
Good call, but I have a feeling you will be short again, I am still short, looking for 43.30 -- 43.10.
Time to lock profit and buy puts????
Will 3rd attempt to take out 44.85 will succeed????
Farooq
You are very welcome. I am so thankful for your contributions.
Farooq
Same to you I hope you might be able to peak once in a while.
Happy holidays and merry christmas to all board members.
Farooq
QT is very easy It will fill wholes in plan good to know you have back up plan.
I am not good with computers but I can run that. Download it and open it.
If you need help we will help you.
Farooq
That is around 44.15.
Farooq
3 day Price brake, low or high very short term indicator.
Farooq
Bob257,
Thanks for sharing your trade, Market is made up of many participants but some has more resources then other and they can bend it for few hours to few days but ultimately it does what it suppose to do take the path of least resistance. Today triple witch is a coin toss. I am short here but I will be on my toes @ 44.35 and personally I do not think we are going to close below 44.16 if that would be the case I will be short again, With bearish bias right now I am short with long bias.
I would like to share one simple thing here if prices are above 9 EMA on daily chart I trade with long bias and if we are below it then short bias. In my trading I gives importance to 3 day PB and 20 Day MA also. Once it is settled I am trading with NERS and my modification is 10 to 15 cents stop loss.
I hope it helps.
Good luck.
Farooq
Go to time bar (below the chart), reduce time to last two or one hour you need, then remove spike. Afetr removing spike go back to time frame you are watching.
Farooq
2X-Be-Me,
So far you seems to be on the money, I was expecting weak ness so it could fill yesterdays gap but what do I know. I do see 45.30 in next few days. JMHOP
Farooq
Be,
I agree.
Farooq
Gleno34,
You need to have backup plan Just like any business, I used to trade with esignal and back up prophet once I started Quote tracker I dropped esignal. Try QT it is little work in the beginning but then it pays off. JMHOP, Good luck.
Farooq
Be,
I think you are in good shape today is tricky market, Once profitable use stop loss, IMHOP. Good luck.
Farooq
marketmaven,
Sorry I rarely trade individual stocks now. Do not know about it. There is too much risk for my stomach. It seems pullback is due, but I was wrong many times. JMHOP
Farooq