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figured i'd see what my charts showed for the week on the qqq using pure 9:30 - 16:00 15 min 48 cci signals (like an automated system); note that there were several times when cci got close, but never crossed & that a 5 min or some other signal would have reversed
mon L 42.26 11:00 42.43 15:45 +.17
S 42.43 15:45 42.48 16:00 -.05
L 42.48 16:00
tues 42.35 12:45 -.13
S 42.35 12:45 42.45 14:00 -.10
L 42.45 14:00 42.41 14:15 -.04
S 42.41 14:15 42.45 15:00 -.04
L 42.45 15:00 42.45 15:15 0
S 42.45 15:15 42.57 15:30 -.12
L 42.57 15:30 42.56 16:00 -.01
S 42.56 16:00
wed 42.72 9:45 -.16
L 42.72 9:45 42.46 10:30 -.26
S 42.46 10:30 42.40 13:30 +.06
L 42.40 13:30 42.29 14:15 -.11
S 42.29 14:15
thur 41.90 10:15 +.39
L 41.90 10:15
fri 41.87 11:00 -.03
S 41.87 11:00 41.75 13:45 +.13
L 41.75 13:45 41.92 EOD price +.17
total 5 wins (+.92); 11 losses (-1.05); 1 be; net: -.13
wow, not too good without using intervention from 5 min or woodie cci?
thanks gloe; thought woodie didn't like to use the hfe as a signal on his 5 min charts?
those 8:00 AM start cci values are quite different than the 9:30 start ones - seems to be working for you here
if trading strict 5 min NERS on QQQQ, woulda been whip-sawed a lot today: @ +100 early (due to gap up & reverse), then @ '0', then twice @ -100, then once @ -200; is this why 15 min may be better choice at times?
gm all; Nocona, looks like after whipping around '0' line late yesterday, the qqqq went long then reversed to short at eod (cross back below +100). if futs stay up, would you reverse first thing in AM, or have you already made a move pre-mkt? thanks
Nocona - thanks for clarifying - asked cause i really wasn't sure if you took the 1 min signal or not
hi gloe; over the weekend Nocona mentioned using 1 min / 720cci when 5 gets close - i show the 1 min went below, then crossed back (but yes, 5 min didn't)?
gm all; been following NERS for a few days now, & highly impressed - please keep up the great work & the helpful posts; btw, Nocona, assume you are presently long qqqq from fri afternoon cross back above -200? thanks
hi lisa, hope all is well with you & your trading. have had relatively good trading results using your 20sma & 7ema combo on 5 & 10 min charts. question though - during early AM trading do you include the pre-mkt price movements from 8:00 AM? almost seems i prefer to include, though noticed your charts do not seem to show it. thanks tom
lol - good one tea
hi pokersam, was wondering if you ever thought of using your daytrading style on the es, nq & er2 futures? also, do you sometimes take your trade entries when the williams is turning from extremes, or only when crossing 50? thanks
thanks for the excellent advice lisa - maybe i'll stay away from the wild goog for a while; also, do you ever try trading the futures with your charts/methods - any +'s/-'s to trading the futs versus stocks?
not sure if i'm over thinking this or not - long @ open?, 10:10, 10:45 & 11:40 & then short @ 12:50, 1:40 & 2:20, & then long again @ 3:10 & 3:40 - am i doing too many 7ema bounces? also, i was trying to scalp GOOG today - had a tough time with it - kind of range bound, whippy & seemed to keep bouncing off 200 ema on 5 min chart - also, i was playing 1&3 min trend line breaks & got burned twice when i entered just before it does a trend reversal (is this a no-no when it's on the bolinger?) - do you see any good plays on it today that i'm missing? thanks
hi lisa, i see 3 rejections/bounces off the 20 ma & also possibly 4 bounces off the 7 ema; once it went through the 20 ma would you start looking for shorts, or best to check higher time frame charts first?
thanks for the informative reply - you gave me some great new ideas - have a nice & profitable day & keep posting those wonderful charts
hi lisa, really enjoy your commentary & charts here - especially as i try to daytrade with similar charting techniques (GOOG & BIDU lately) - however, i'm a novice & keep changing/trying different charting combinations for one i like best - seems you're very good/polished at this - do you have any posts, etc. that define your technique a little more - seems you're using a lot of 5 & 10 min charts looking for trades which trend one side or the other of the 20ma - in particular taking trades on 20ma & 7ema rejects especially when a oscillator is turning in your favor also? is 1 min useful too or too fast & whippy as i often find - i'm also playing with trend line breaks on the charts, but how much is too much? thanks tom
thought so - always need to read between the lines with you though unless someone asks a bit more directly
you sound almost like the old super bull - thus assuming that intermediate term you're quite positive & have loaded up a bit on a few longs here?
aj, still have a bit of APOL that's hurting - iyo best to dump & re-enter nearer the right shoulder or just wait it out? thanks
z, i've still got a bit of ERTS - would you take profits here at this new high, or does it have a bit left IYO - thanks
hi steve, IYO, will it be time to switch to the short side for a day or so before the resumption above 1400, or does it just blow right up there tomorrow? - thanks
semiconductors hot here Zeev - IYO, take profits here, or let it ride til next week since the trend may finally be changing? thanks
hi AJ, i know you were looking for a possible down day tomorrow - IYO, OK to hold SMH through tomorrow for a run next week, or best to sell here & wait til monday? thanks
Zeev, think HANS has 1 more run in it to new highs - any exit recommendations?
market seems strong today - expecting any AM pullback here or grind it up all day?
nice map today - any predictions for tomorrow? - maybe a gap & go would be real nice (or will a re-test be needed first)?
good call - right on the money - so, is this support a good place to go go long right now? - or wait for a re-test / clearer direction?
still looking for that turn at about 1820? any thoughts on if this AM may do the trick?
sure seems SMH & SOX are both having a hell of time getting through daily 20ema however?
thanks; btw, are you still long SMH as i am? - is it still best to exit this position around your 1410 NDX target or could it possibly be a longer term hold?
perhaps this double bottom low on the dow satisfies the EOM play?
CYBX doing poorly - are you holding for a bit or looking for an exit?
Zeev, as i presently have no positions in them, are ZBRA or MRVL good buys here?
typical morning pull-back here? any ideas on a map for today & monday?
thanks AJ - you're bust'n butt tonight on analysis - take a break and catch some olympics on the tibe
if so, will early next week be the low for a while, or is a 2nd leg down still in the works for end of august after a bounce?
you buying august (or later) calls?