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Strategies & Market Trends : trading the QQQ -- Ignore unavailable to you. Want to Upgrade?

To: bernard rogers who wrote (408)	2/22/2002 9:13:48 PM
From: hypostomus	Read Replies (1) \| Respond to of 714

From my viewpoint the trouble with the 10:15 trade was that the trend was down in the 5 minute chart (75 ma in 1 minute). The 11:37 trade ordinarily would have been good, IMO, as it was the third leg in a morning bear flag. However, that second leg was a little squirrely. Interested we both got suckered by the third trade. I took it at 1:27, long at 33.40, closed at 33.32. That trade gave me a new rule, so it wasn't a total loss. After that I had a computer crash and missed the afternoon fun.

To: bernard rogers who wrote (408)	2/26/2002 5:28:30 PM
From: bernard rogers	Read Replies (2) \| Respond to of 714

Gross profit $29 - commissions -$78 net day loss -$49 Febuary 26 2002 not a good trading day, i was off balance be patient, do not fight the 5ma, 5sto, 1ma realize that you almost alway get in at least level too soon and out one level too soon, slow your timing down to match the QQQ you are trading with the perceptions of the herd 500 S 34.68 10:30 c 34.80 10:33 -$60 300 S 34.90 10:36 c 35.00 10:43 -$30 600 S 34.95 10:56 c 34.76 11:16 +114 500 L 34.64 12:24 c 34.70 11:38 +30 very bad entry, wait until the 1ma returns to its line, never never chase another it got 10cents below slow down take your time, also the timing you have to know that you will be one period at least too earyle jow inow im 500 L 34.65 1:19 c 34.70 1:25 +$25 500 S 34.70 1:27 c 34.80 1:30 -$50 you did not follow the 5ma you must do this at all times 500 S 34.84 2:56 c 35.10 3:11 -$130 This trade was criminal, everything was against it I took because it look like a H & S on the 5ma but 5sto was bad, i ought to be put in jail for trades like that, don't ever fight the 5ma, 5sto 1ma again 500 s 35.17 3:19 c 34.91 3:45 +$130 I took this trade because the 5sto was going neg and the 5ma was so far off its line. , and i believe what happens yesterday is not likely today