Just a suggestion from past experience. I have found that you really have to spell things out. because your audience ranges from very inexperienced to very sophisticated.
For example I found my posts worked much better when I began to say 'sell long position to cash' than just 'sell'.
In your current post you may want to add in a reminder of how to get an hourly chart, as opposed to daily with maybe an example of how to change chart settings.
This will all be a help in the future for you as it will cut down the more common questions.
Nocona ... posting charts to follow trades (see below) ... Ken
======================= Posted by: nocona In reply to: None Date:9/1/2005 10:50:53 AM Post #of 2347
QQQQ / RSI 5 Hourly System informatiom:
When the RSI 5 of an Hourly bar closes below 26 BUY QQQQ When the RSI 5 of an Hourly bar closes above 70 SELL QQQQ
When the RSI 5 of an Hourly bar closes above 74 SHORT QQQQ When the RSI 5 of an Hourly bar closes below 30 COVER QQQQ
Use a 2% stop loss
Make your trade at the end of an Hourly bar
Use a Live Chart where the 1st bar is a full hour (9:30 ET to 10:30 ET)
Since 5-24-05 there have been 28 trades with 24 gains, 3 losses and 1 even for a collective gain of 20.43% w/o margin. Use whatever % margin you are comfortable with.
If you use options, invest only 10% of allocated money in options and invest 90% in QQQQ
Use slightly in the money near term options
The system is currently short. I will up date with each trade.
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