*OT* For support/resistence, most/all the guys I follow chart COMPX (and not QQQs)....Since QQQs almost always move direction of COMPX (proxy), I don't feel much is lost in translation (if I post where COMPX stands when I make a trade vs. QQQ)
For some reason, its just easier for me to post the COMPX; Is a bit kooky, I admit, but after I enter trade, I usually post that here next thing, (and since I'm trying to do everything quick) and I don't check confirmation (of QQQs price on actual trade) until after that, so I just eyeball the COMPX to give the report here..and then I check price on trade...btw, I use mental stops quite often, something many traders disavow totally, but it works for me.
Of course, I got QQQ prices w/COMPX on screen, but I just usually trade off of key levels on COMPX |
