If someone destroys a thread, I just leave it. Back to this thread Mav. I know you have been reading it. If you are not reading it, I want you to put me on ignore and respond to this post stating you will not read this thread and that you will put me on ignore. And Mav: why were they going long QQQ at 86.40 today after 3Pm? It thought it is a short.
You should write what you think, not the opposite of what you think but want others to think. And, do not forget to put me on ignore. It is easy to do. It is just a click of a button.
OIC. My calculator only supports 12 digits, so mebbe I'll have to buy a 12C so that I can calculate TU's R/R ratios.
QQQ intraday at 3pm = long signal (symmetrical triangle breakout) QQQ in every time window (from intraday through 5-years) = long trade at 3pm today What is "it" and why did "it" think QQQ a short at that time?
Long is wrong into today's close, and you're down on marks (5-10 cents). The NDX tape closed poorly and is a short. NDX loses 15 tomorrow.
Thanks for 1. and 2. Now, I understand why they were buying. You are the first (and only one) who gave an answer I find solid and logically makes sense to me. 3. Because of price action! . SPY was down, QQQ broke the low, and you guys brought it to the high of range. Do you think you are superwomen who would turn the whole market, make new highs, and have it run in less than one hour?
Day traders are flat into the close today; the triangle breakout had no fuel to break the intraday range. Swing traders wouldn't be initiating a new long today; they'd be long from one of the many pullbacks on the daily or weekly charts and if swinging longer term they'd remain long, looking to add on the next pullback.