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marketsurfer
 

Registered: Apr 2002
Posts: 5430

 

04-26-02 01:41 AM

due to several requests, i will post my daily nasdaq channel levels in this forum and our nasdaq index strategy for the day.
our current channel on the nasdaq composite is 1698 to 1757. we will enter shorts once 1698 is broken on the downside, go long above 1757 and stay flat in the channel. our system considers the upper or lower channel figures violated if the price move thru the figure by a FULL three minute candle. we are trading the nasdaq futures , qqq options, and the qqq based on this system. the system is currently FLAT.

all the best,

surf

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candletrader
 

Registered: Jun 2001
Posts: 4647

 

04-26-02 11:52 AM

I like the sign off "German engineering with Eastern thought".... sounds like a combination of a BMW and a Toyota...

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marketsurfer
 

Registered: Apr 2002
Posts: 5430

 

04-26-02 08:57 PM

our nasdaq index system went short when 1698 was violated in the composite. currently holding shorts over the weekend. mental stops are at 1703.


enjoy !
surf

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Kicking
 

Registered: Jun 2001
Posts: 2913

 

04-26-02 09:17 PM

why do you use COMP numbers not NDX or NQ? Often NDX will violate a support but not COMP (and vice versa) .

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marketsurfer
 

Registered: Apr 2002
Posts: 5430

 

04-26-02 09:49 PM

i use the composite since it is a broader view of the nasdaq, yes, the NDX and COMPX diverge at times, but will come back into alignment. these are position trades and not day trades i am placing. hope this makes sense.

surf

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toby400
 

Registered: Dec 2001
Posts: 386

 

04-27-02 07:00 PM

Great thread since, living in the UK, I am keen to learn how US traders use QQQ options.

Keep up the good work.

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