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Strategies & Market Trends : trading the QQQ
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To: bernard rogers who wrote (414)2/26/2002 10:08:49 PM
From: hypostomus  Read Replies (1) of 714
 
You and I would make a great comedy team. Re your 10:30 trade, I went long at 10:34 for 2 minutes at 34.806. I just happened to be randomly right on that one. My trade reasoning was based on my current practice of putting +/-1.4% and +/-0.4% channels around the 75sma in one minute bars. Often if price exceeds the wider channel it will regress to the mean (the 75ma). Your 10:56 trade was a beauty. From my point of view that worked because the 75 ma (the 15 ma in 5 minute bars) was reliable resistance, as it often is. Re your 12:24 trade, on my chart that was a case of price crossing the 75ma, which in my opinion is unreliable. Re your 1:19 trade, the comedy tag team strikes again. I got in just as you were getting out, except this time I was the one who was wrong. Re your 1:27 trade, on my screen that was a bad risk because price and the 15ma were about to bounce off the 75ma. NICE, NICE trade at 3:19. Throw up the +1.4% channel around the 75ma and see why. I didn't have the courage of my own convictions on that one.

I don't have any particularly clever trades to offer up, so let me show you an instructive failed one. At 1:54 I went long at 34.84 because the 75ma had been providing support. Surprise! My system said that should have been a safe trade. At least I got a new rule out of that one as compensation for my loss.

I notice you're trading larger. Any particular reason why, if I may ask?
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