Does QQQ follow a distinct trading pattern?

Does QQQ follow a distinct trading pattern?

  • Yes

    Votes: 9 81.8%

  • No

    Votes: 2 18.2%
  • Total voters
    11
Quote from murray t turtle:

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Sharpshooter;
a] yes, exactly, most of the time.

z]Yes ,on 200dma .
I dont use it in a mechanical sense, but daily chart parabolic stop & reverse[also named parabolic time/price] is a handy indicator, for example when silver/SLV goes parabolic, QQQ goes [did go anyway-LOL]QQQ goes parabolic@$120 area:D .

It [parabolic]will still be bullish ;
but it snuggs up the stops a bit so you or me doesnt stay bullish/give up gains all the way down to 200dma.:D

So as a clarification, SLV, parabolic stop & reverse area is about $43 more or less , 200 dma is about $25 more or less.Wisdom is profitable to direct.

Actually i have a bullish bias on SLV, silver, still;
but i respect the short term bears always.
------------------------------------------------------Granddad gave me a silver .50 coin, i shouldnt have sold it, so soon.:D ......

Even if one doesnt like a parabolic indicator;
a short term [or medium term trend trader/ investor like me]
got really less bullish when SLV made 7 or 8 higher lows[in a row] on daily candlecharts.No wonder the bears came out.LOL:D
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Those bears came right out of hibernation when they saw SLV make 7 or 8 higher lows in a row!!

I really like the parabolic SAR indicator, thank you for that recommendation.

Is there an indicator for QQQ that works the best or works most of the time for QQQ?
 
Quote from TheGoonior:

1) You need to be careful to prove to yourself that this is a valid method and not just based on "data mining." For example, something like picking the presidency based on previous Super Bowl winners may appear promising, but has no actual connection to the results, so it's merely a coincidence..
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There is nothing wrong with data mining. Your brain is using it real-time and without it it cannot function. You probably confuse data mining with results of it that use low relevance premises, like in your example. The OP did not refer to such non-relevance.

I have seen many in these boards confusing data mining with biased data mining results and demonizing data mining, while at the same time creating confusion to people who are not familiar with this most effective and powerful method for analyzing market action.
 
Initial Balance Trading For QQQ
Adam Shalit
Adam.Shalit@gmail.com



"70% of the time, the high or low of the trading day is made from 9:30-10:30am"

So how can we exploit this? First, we will need to make a plan. Once the plan is made I will need to test the plan out in a paper trading account to see if initial balance trading for QQQ is profitable.


Trading Plan

Buy QQQ if three or more of the following is happening in the 5 day chart:
Cover QQQ if three or more of the following is happening in the 5 day chart:

1. Upward Trend in Price
2. Upward Trend in Volume
3. Upward Crossover in MACD
4. Dramatic Decrease in MACD
5. Downtrend in MACD Histogram
6. Parabolic SAR Following Below

Short QQQ if three or more of the following is happening in the 5 day chart:
Sell QQQ if three or more of the following is happening in the 5 day chart:

1. Downward Trend in Price
2. Downward Trend in Volume
3. Downward Crossover in MACD
4. Dramatic Increase in MACD
5. Uptrend in MACD Histogram
6. Parabolic SAR Following on Top


Sell QQQ when you have made $1.00 profit on each share.
Stop Loss for QQQ is half of the anticipated profit on each share minus $0.10.

Cover QQQ when you have made $1.00 profit on each share.
Stop Loss for QQQ is half the anticipated profit on each share minus $0.10.


Stop Loss = $0.40
Profit Target = $1.00

Monday is a no trading day, only viewing and research on Monday's.
Hold no positions during the weekend.


Testing Phase

1. Trade in a paper trading account using this trading plan.
2. Open up a blog to post your results and your commentary each trading day.
3. Make your buy/short and sell/cover plan the night before the trading session.
 
Quote from shotse:

Those bears came right out of hibernation when they saw SLV make 7 or 8 higher lows in a row!!

I really like the parabolic SAR indicator, thank you for that recommendation.

Is there an indicator for QQQ that works the best or works most of the time for QQQ?
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Sharp shooter;
I look @ lots of things especially trend study[my favorite].

12 is a good number & QQQ hit high $120 are;a low of less than 24or $20];
like to work 12 hours a day/trends:cool:

Most traders dont look @ it this way, but URE,QQQ both seem high priced , so recently sold URE@61.2*[closed a long,from DEC 2009 early... entry,LOL }usually dont wait that LONG.] I can buy yesterday/anyway an OZ of silver for less than $61.2*:D

3 or 5or 7 is a good number also with QQQ;
3 Top trader books by Jack Schwager is real helpful patterns - no matter the time frame.Proverbs & that book Trading with The Best[forgot the author] but Mr. Morales, Dr Christian Karcher, IBD ,200dma..................................................................................................................................................................in that book.
 
Quote from murray t turtle:

==================
Sharp shooter;
I look @ lots of things especially trend study[my favorite].

12 is a good number & QQQ hit high $120 are;a low of less than 24or $20];
like to work 12 hours a day/trends:cool:

Most traders dont look @ it this way, but URE,QQQ both seem high priced , so recently sold URE@61.2*[closed a long,from DEC 2009 early... entry,LOL }usually dont wait that LONG.] I can buy yesterday/anyway an OZ of silver for less than $61.2*:D

3 or 5or 7 is a good number also with QQQ;
3 Top trader books by Jack Schwager is real helpful patterns - no matter the time frame.Proverbs & that book Trading with The Best[forgot the author] but Mr. Morales, Dr Christian Karcher, IBD ,200dma..................................................................................................................................................................in that book.
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thank you
 
here is a swing trading idea for the QQQ using weekly options;


QQQ trade with weekly options.

Here is a trade idea that I that got from either ET or Y!, can't remember.
The strangle part came from an idea in a Bernie promo.


Buy calls after several down days that are opposite to trend.

Buy puts after several up days that are opposite to trend.

Trend based on 1 week chart.

Trade weekly options with strke ATM, or 1 strike OTM.

Open trade on thu, fri, mon, or tue.

Close trade after several days.

Cost of option should be about $0.33 to $0.50

Trade could also be placed as a strangle.

Buy option in direction of expected move.

Buy as a hedge, cheaper option in opposite direction.
 
The Open is within 30% of the days range from Low 31% of the time and within 30% of the days range of the high 34% of the time.

If the QQQQs open the Top 1/3 rd of the previous days range it has a 77% chance of making a new high. The question is what percent close above the high?

If the QQQQs open in the Lower 1/3 of the previous days range it has a 79% chance of making a new low.
 
Quote from trhudson:

The Open is within 30% of the days range from Low 31% of the time and within 30% of the days range of the high 34% of the time.

If the QQQQs open the Top 1/3 rd of the previous days range it has a 77% chance of making a new high. The question is what percent close above the high?

If the QQQQs open in the Lower 1/3 of the previous days range it has a 79% chance of making a new low.
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Is there research backing this? Thank you for the post as of the moment right now I am trying to construct a trading strategy for the QQQ ETF. Hopefully with everyones knowledge combined on here we as a team can make a great one. Thanks for that info.
 
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