400
100% winning daytrades today. but took a loss on the QID swing. took profit in vxx.
358
YES. covered at 4576 //// 3 centrs from my target............
346
YES. 4578....5 cents from 4573 trgt
345
if we close down here,,,, risk is much less keepin the qid... but i'm opting out nonetheless... got enough shorts
339
yes,,,,,,,,,,qqqqhit 4588... one cent from my target.... 4587 4573... bounced off the 4588 expected
336
qqqq is behaving...going downnnnnnn.........nice for the shorts and qid ;)
327
i prob will get stopped out if they do a successful headfake / stoprun...
324
1882 qid stop
321
qid stop 1883
317
PG swing i will keep....that chart has direction
316
qid stop 1879
310
qqqq continues to give perfect touches to the 3min DTL... resistance is holding
305
i am taking the 2.6%ish loss on my qid swing today. not worth it. still think its good trade but can always buy back. market is directionless again.... dont want to swim with sharks. A CAT 5 hurricane is fine, but not sharks.
258
qqqq marginal break OVER its dtl... bullish mild mild
256
*18.76 stop
254
qid stop now tite at 18.95....i still think higher qid but i can always buy it back. i will take the 2.6% loss if stopped out. other trades cover the loss....
251
downside risk on QID is about 18.34.... using that as part of my risk:reward decision to keep the QID swing or not today. qid last 18.86
239
qqqq declining R on DTL is 46.01 now...lsat qqqq 4598
236
xlf needs to hold 1448,,,esp 1444 to prevent down...last 1448
234
stop lowered to 4607 for all but 25%
232
so much for the 4594 warning...has not materialized...usually would have within next 2 minutes...
228
xlf weakening...slightly
225
qqqq trgt still 4587 4573
223
4594 qqqq warning just popped up on my software... last 4598....suggests a drop
212
qqqq staying under declining resistance line now at 46.02...
157
poss inv HS or cup handle forming in qqqq...both bullish...3min ,,, the chart is warning only no confirmations
155
3min qqqq RSI has stayed under 57 all day...bearish for qqqq long daytrades (good for shorts)
145
the qqqq did a perfect touch of my DTL 3min...R holding thus far.... watching for break of R or S
143
right now... i will hold the qid swing still overnite... might sell today if things change
137
even at 67%...only suggests chop...bias down in qqqq under 4605/11
136
67% confid bull crouch tiger qqqq.... watching the shorts here now....
134
mental stop cover qqqq 4605....
127
i MIGHT take a 2% loss on my swing QID today and close the trade....and re-buy next week.... unsure... possible... dpends on close.... i hate taking the loss....but might...
122
MM have widened their spread, testing the mkt...no one is interested either way right now lol... no movement
despite no pressure from MM
120
taking profits here at LOD on 10%
118
MM holding up qqqq now... on the bid....if they drop the bid... 4587
116
qqqq trgt 4587 here....... then 4573
1114
maybe ES want to test the yest LOD 1114..... last 1118... 1114 hidden support to test
113
triangles have played out well tday
112
poss daily bear engulf pattern in qqqq....not confirmed yet....needs to close lower.... a weak engulf tho
111
xlf stubbornly pressing that 1451....trying to breakout... lesat qqqq going down....
108
qqqq moving lower....trickling ...dribble,,,drip
1259
4611 mental stop
1258
lowering stops to 4613 for most of qqqq shorts....... keeping 25% at breakeven as usual
1254
CANCELLING order to short more q at 4610.... will re-eval if it gets there.
1248
under 46.11 my bias remains down for the qs
1241
welll....the expected coil decision by 1236pm didnt happn yet.... its LATE....
1237
qqqq 3min chart....poss intraday mini-waves... made 3 down, on 4th now, with 5th down to follow still today...
1228
acc/dis bear diverg qqqq daily from sept--dec. no bear money flow diverg daily.
1227
mini bear desc triangle qqqq 2min chart
1225
qqqq charts still suggest break of 4595 or at least a retest of it...last 4604...
1221
xlf has a bull poss pattern forming (133t chart) that has a target of 14.73. but a sustained, real break over 14.55 then 15.61 would be needed. pattern only warns, no breakout yet. actually still looks tired to me, expecting sideways or down in xlf
1218
i have drawn now a THIRD downtrend line intraday qqqq.... as long as qqqq stays under it, i will keep the qqq short.
1216
xlf continues to hold this mkt up, i think.... its growing weary on the upside, but there are also "berakout higher" signals... if xlf finan falls, the market should follow
1215
est decision time on the coil is 12:36pm at current velocity
1214
the qqqq 2min has formed yet ANOTHER coil...watching to see if breaks higher or lower,,,, slight down bias but bull signals too.... i remain short the q's
1204
the qqqq bull rsi swing almost happend but failed...tryihng again ....
1157
limit short more qqqq 4610.... riskier but have profits to re-invest... last 4605
1156
thus far....qqqq staying under the 4608/4610 in a continuing intraday lower hi, lower lo, bear... watching to see if break north
1146
if qqqq gets 4610, pulls back, then goes up, chart could form a bull W with an upside target of 4620ish....
1145
watching for 3min bull fail swing rsi in qqqq...among other things...may cover some more and re-short,,,idk.... will def keep 25% at 4617 stop tho
1143
the 3min bull diverg i mentioned b4 are causing this lil pop...hope its contained at 4610/4615
1141
got hit on the 4603...covered for profits... likely see 4605 now
1139
*4603....too close... raised stop from 4602
1138
spx is near yesterdays LOW of day... BUT ES is not so near its lower LOD for yest... hidden target down....
1135
qqqq hit 4601 but not 4602.....still in on that piece, not stopped out... *whew* one cent miss
1134
its all about support....that 4595 needs to crack lower and sustain.... or hold...
1133
ok the qqqq has forced me to redraw a second, less steep downtrend line, intraday action. this means chop / weakening trend, but again... 3 redraws are ok...this is 2 of 3
1131
(lately i am prefering to just use 3 times the # of shares in qqqq to mimic a 3x etf... smother price action on qqqq)
1130
small short qqqq can take 1.5% daytrade profit on 3x etf if they close here the trade
1126
however bull diverg forming in the qqqq that could halt the lower trgts...watching....stops set
1123
correction.....4587
1123
ok new added trgt in qqqq 4687 from chart pattern measure
1122
stops in the q's at 4617 and 4602
1120
qqqq is now back UNDER the original steep DTL intraday....
1119
15min qqqq boll bands expanding....could see a nice move...initial stages only
1118
an xlf break of 1439 would set some momen down...but well above that at 1448 but starting to crack
111177
charts suggest 4595 should break...but tough these low vol days
1115
qqqq---holding most for the ride down if we get it,,,, mite not on this day...might range trade or spin top candle
1114
yes. this is what happens with malformed crouching tigers at 62%.... chop or move back down....
1112
"loose" qqqq targets, from glancing,,, not refined thru calc... 4601 4596,,, 4573
1110
KEY KEY KEY.... qqqq 45.96 must hold by bullss.... its yest LOD
1109
qqqq hit the 4601 target... holding still
1108
PG short ...premise still holds... last 6115 at LOD now
1106
grrr i prematurely exited the vxx...profits too soon
1104
qqqq under 4614 suggests bearishness.... would keep the qqqq in bear HS pattern in the 133t chart
1103
despite the small move up, the bull crouch tiger remains at 62%...no hihger
1102
no bull divergence in the qqqq yet
1058
q 4605 down would imply a backtest of the broken DTL...last 4609
1057
qqqq has managed to break OVER the first steep intraday DOWNtrendline ....however 3 redraws are common to still maintain a downtrend....remaing short still ... stops set for 3 cent profit (breakeven)
1055
MM are mildly on the ask here...lowering the ask (bear qqqq)
1054
instead,,,looking for qqqq 4615 R to hold,,,, 133t chart
1053
62% bull crouching tiger in qqqq... suggests chop or maybe 4620....i'm not trading that long... remain short instead...having taken some profits already
1051
qqqq triangle backtest of the triangle all the way up to 4617 could happn here....
1045
of course the principle of confirmation suggests that no trade is taken on boll band alone...but needs confirm with other signals indicators
1044
the qqqq 15 and 60 min boll bands are tight, narrow. a break below the 46.01 that CLOSES under it for 2 bars suggests further downward pressure. In general, one strategy is to play the BREAKOUT of narrow bollinger bands in the direction of the breakout.... With wide bands (which we have only on daily), it's inverse... when the prices are OUTof the band and come back IN,,,, play again in the direction. In this case, the prices would come from under the lower boll band, then pierce it higher, then close, signaling to go long. However, for now, intraday, we have narrow bands, that suggest short under 4601 decisively. I'm not playing the momentum downside breakout based on low volume... but i'll stay at least 25% short at breakeven to assure participation if it happens, since I'm in at 46.24 or 3 cents from HOD. hopefully that
doesnt sound confusing lol
1040
the triangle pattern and 20 plus indicators gave a beautiful short setup with decent followthru thus far.... 1.2% on a 3x etf in 1 hour...
1038
yes. qqqq short is behaving :)
1037
yest qqqq low of day was 4596... see if it tests it, stalls, or breaks lower
1036
CANCELLING 4601 limit cover...will do manually....stalled at 4605 not .01 as i expected....
1032
still watching this poss bull pattern in xlf daily.... mentioned it yest
1020
if qqqq can break 46.88 then it should give some nice down momen
1019
looking for qqqq to stay under .10 for now....stop .12 for a piece of q short
1016
qqqq short is 1.2% profit here on a 3x....taking some profits
1014
stop 4614 on 20% of q
1010
mental stop .17 qqqq
1009
q stops lowered again to .21 for a free trade,,,,,breakeven (well 3 cent profit lol)
1008
mental cover pt at 46.01....if it stalls there i will cover some qqqq.... small positions would cover 50% on stall there... i will wait to see if it can break unde
1007
qqqq broke south from the coill...2min...now must sustain... staying nimble, ready to cover if reverses
1005
yes. qqq at4615 trgt now.... it needs to break lower....
1004
qqqq 4615 would give a marginal breakdown in the q coil...but would need to sustain... a backtest back up likely if it does break lower
1002
looking for q tgo stay under .20
1001
ok the qqqq 2min is in a coil....watching to see where it breaks, among other indicators. may exit the short early depending on whether the R holds...rite now the short premise stands...staying short...last 4618
951
stop lowered to 4637 for qqqq short for now...
949
4601 first trgt for qqqq short
941
last few 4 days have been tricky... i have had to play the open to make any decent money...has worked thus far but the open can be tricky to trade
940
qqqq 4620 stall and bounce up expected...is ok for shorts
936
taking profits on vxx from yest... 32.95 sold...lookin to reenter again
934
it is possible that qqqq will make a new high today,,, watching the short pos. ... still good risk trade near R
932
shorting the qqqq 46.26 stop 47 for now...will lower stop later
5:27 AM
ES array for Thursday 5:30 AM -- 4:00 PM
ES array: 1128.50, 1125, 1120, 1113, 1111, 1107, 1102, 1098, 1091, 1089 where 1124 was the last price.
Key pivot is 1120. Over 1120 and rising is bullish. Under 1120 and falling is bearish.
How to read the array: The first number higher than the "current price" when you view the array represents resistance. The first lower than the "current price" when you view the array represents support. For example, in the sample array below, if the price when you view this array is 1124, then 1125 would be R and 1120 would be support. This means that if the last price is 1124, and it moves to 1125, the first expectation is to expect 1125 to hold, and to start a decline to 1120. BUT, if 1125 breaks higher, then we should expect instead a test of 1128.50.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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