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TRADE SETUP QID


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#1 SemiBizz

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Posted 04 January 2007 - 11:13 AM

QID TRADE SETUP:





http://bigcharts.mar...&mocktick=1.gif



Yesterday was the highest volume day in the short history of the 2X QQQQ short equity - QID. High volume lows and high volume highs LOVE to be tested. Here we are looking to enter QID under 52.47 (yesterday's low) on a lower volume than yesterday on the daily and then a turnaround to test the high. The stop is our previously set 51.25, and the target is yesterday's high - 56.07.



RISK=1.22 REWARD= 3.60. - That represents a favorable 3/1 ratio.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#2 SemiBizz

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Posted 04 January 2007 - 12:25 PM

QQQQ Bearish Upthrust here on this 15 min chart. Nasdaq Chart turned down on 6 successive red candles on 3 min. What we'd like to see now is another upthrust to setup our QID entry on lighter volume.



http://bigcharts.mar...&mocktick=1.gif
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#3 SemiBizz

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Posted 04 January 2007 - 12:48 PM

Basically same deal as I described yesterday, Semiconductors have to take off here or this rally doesn't fly.

A Bearish Upthrust is setting up now on SMH at 34.22. We'll look for 34.22 to be tested on lighter volume just ahead of Nasdaq giving it up....



http://bigcharts.mar...&mocktick=1.gif
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#4 SemiBizz

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Posted 04 January 2007 - 01:00 PM

Bullish Spring already setup on intraday chart 15 min. Trying to be patient and let this upthrust happen. It's a better trade setup to get under that daily low of 52.47. If I were wantonly aggressive, I would enter under 52.81. :)

http://bigcharts.mar...&mocktick=1.gif

Edited by SemiBizz, 04 January 2007 - 01:01 PM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#5 bobalou

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Posted 04 January 2007 - 01:25 PM

can you tast it.i can..nice work

#6 SemiBizz

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Posted 04 January 2007 - 01:54 PM

can you tast it.i can..





:lol: only partially... I am long small, still waiting for QID to hit price points for max risk/reward to add... :)

Edited by SemiBizz, 04 January 2007 - 01:54 PM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#7 SemiBizz

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Posted 04 January 2007 - 03:14 PM

TRADE CONDITIONS MET. SMH over 34.22 on lighter volume QID under 52.47 on lighter volume. ADDED MORE QID 52.45. STOP 51.25

Edited by SemiBizz, 04 January 2007 - 03:15 PM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#8 Jnavin

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Posted 04 January 2007 - 03:18 PM

Well done!

#9 KCScott

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Posted 04 January 2007 - 03:19 PM

TRADE CONDITIONS MET.

SMH over 34.22 on lighter volume

QID under 52.47 on lighter volume.

ADDED MORE QID 52.45.

STOP 51.25



I'm in at 52.47 - Nice call
KC Scott Blogs at IBC: http://ibankcoin.com/kcscott/

#10 SemiBizz

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Posted 04 January 2007 - 03:33 PM

Nasdaq now over yesterday's high volume HIGH on lighter volume... BEARISH UPTHRUST.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics