Replies to post #1314 on Invesco QQQ Trust Series 1 (QQQ)

[smartone]

royg that is a techbook BB chart!

thanks for the tip

[farooq]

Hi Roy,
I trade 5 min chart so today I left a lot on the plate, 15 and 30 are still on short, I need to improve it. 5 minute lately creating more whip saw, trading is more trend following on longer duration then it was few months back, change of character for the market I am waiting for confirmation on long signal.
I think with this much move downside is limited so I am waiting for long opportunity.

Sold OIH May 195 puts for 10% profit left as much on plate. That went down so I can not complain.

Long now May 46 calls from 1.23. Signal long. Target 46.20 stop 45.90

Edit: Roy most people take position prematurely and in real case more stops are hit and those do not take position if same set ups appear again because of fear of previous loss.
Mechanical system fails because of spikes.

Happy trading.

[royg1927]

Sold SMH May 30 puts at 1.05 for +.32 = +43%