HI Bob,
Nice to hear from you. I have for the past months traded these two vehicles and I'm quite happy doing so if anything because it provides me with a little more security in knowing I won't wake up some morning with it down (or up) 10 points or so from some news event (in case I have to keep my position overnight).
Currently I am weighting more the 30 min charts of each the SPY and QQQ, along with confirmation of the futures and moreso the VXN and VIX. I use two moving averages 5 and 15, while confirming them with MACD, RSI and Stochastics. Its seems to be working quite well.
I currently use tradestation and I am very happy with its service. The charting and strategy capabilies are quite powerful. I also use q-charts for another service only in the case of a data, server breakdown. If you don't mind switching brokers, then tradestation is going to give you more bang for your buck. It gives you everything, including charts, strategies, level II etc, for free as long as you use their service. Its great. If you don't want to change brokers then q-charts is the best charting service out there. The graphics are wonderful, its only the support and sometimes the data feed that are to be the negatives.
Anyway, hope this has helped you and I will post later on any longs or shorts taken.
Good Luck,
TraderXx
Nice to hear from you. I have for the past months traded these two vehicles and I'm quite happy doing so if anything because it provides me with a little more security in knowing I won't wake up some morning with it down (or up) 10 points or so from some news event (in case I have to keep my position overnight).
Currently I am weighting more the 30 min charts of each the SPY and QQQ, along with confirmation of the futures and moreso the VXN and VIX. I use two moving averages 5 and 15, while confirming them with MACD, RSI and Stochastics. Its seems to be working quite well.
I currently use tradestation and I am very happy with its service. The charting and strategy capabilies are quite powerful. I also use q-charts for another service only in the case of a data, server breakdown. If you don't mind switching brokers, then tradestation is going to give you more bang for your buck. It gives you everything, including charts, strategies, level II etc, for free as long as you use their service. Its great. If you don't want to change brokers then q-charts is the best charting service out there. The graphics are wonderful, its only the support and sometimes the data feed that are to be the negatives.
Anyway, hope this has helped you and I will post later on any longs or shorts taken.
Good Luck,
TraderXx
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