TRADE SETUP QID
#1
Posted 04 January 2007 - 11:13 AM
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.
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
#2
Posted 04 January 2007 - 12:25 PM
http://bigcharts.mar...&mocktick=1.gif
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
Posted 04 January 2007 - 12:48 PM
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
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
Posted 04 January 2007 - 01:00 PM
http://bigcharts.mar...&mocktick=1.gif
Edited by SemiBizz, 04 January 2007 - 01:01 PM.
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
Posted 04 January 2007 - 01:25 PM
#6
Posted 04 January 2007 - 01:54 PM
can you tast it.i can..
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.
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
Posted 04 January 2007 - 03:14 PM
Edited by SemiBizz, 04 January 2007 - 03:15 PM.
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
#9
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
#10
Posted 04 January 2007 - 03:33 PM
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