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TQQQ trade ideas

Model for Friday 7.8.12Historically, Fridays are a ranging market. This pattern is very different from the Holiday Weekend Friday pattern we had on July 1st - that is stored as a special holiday pattern. I look for tomorrow to resume a RANGED structure. Looks like there could be a big move in the morning (either up or down) and then reversal with somewhat flat movement into the close. Look for RANGE strategies to succeed. This model excludes July 1st data, as that was a holiday weekend. That pattern is separate.
NASDAQ:TQQQ
by dratzlogic
WED FOMC Pattern 7.6 Post-Mortem AnalysisI have updated the FOMC Minutes Model with today's actual data, and posted the charts for comparison. When looking at the actual data from today, you can see that the overall pattern held up quite well. It's not a perfect match, but it was never intended to be. We are looking for overall patterns and swing points. The pattern actually informed some key swing moments, including the 1150 AM drop, a slow rise in price towards minutes publication, the post publication rise, and then drop.
NASDAQ:TQQQ
by dratzlogic
Wed Pattern with FOMC minutes 7.5This is a pattern analyzing Wednesdays where FOMC minutes are released using TQQQ. Assumptions and Overview: 1) History predicts future 2) Note two chop zones, but by far the more severe one is at 1250 to 115 3) 1150 AM is high point 4) Note that when minutes are released there is spike in volume, and two contradicting volatile candles. 5) The price action after the minutes are published could be very different from the pattern. Depending on the information. 6) Data includes 7.7.21, 8.18.21, 10.13.21, 11.24.21 - all with a flat average. Then includes the following with .15 Moving Weighted Averages: 1.5.22, 2.16.22, 4.6.22, 5.25.22. Always follow price action. Happy Trading!
NASDAQ:TQQQ
by dratzlogic
Tuesday After Holiday Pattern for 7.5.22This is an updated Tuesday Holiday Model (for Tuesdays following a three day weekend). This model averages in the most recent holiday data from Juneteenth (recognized June 20). The drops tend to fall at the exact algo sell zones - 10:30 AM, but the end of day drop tends to come earlier at 3:10. Note that the chop zones on Tuesdays are typically very flat, and very severe eating away any profits you may be attempting to scalp. Chop Zones are typically from 1240 to 205 historically, but be mindful of the dangerous Tuesday chop, and use a momentum indicator to spot chops in case this zone shifts. Happy Trading!
NASDAQ:TQQQ
by dratzlogic
Using Momentum Indicator to identify chop zonesIf you are a short term scalper, then chop zones can be your bane and take all your profits. Using the Momentum Indicator, you can identify the propensity for chop zones early by adding some trend lines. The Momentum indicator starts with the assumption that as the chart line moves towards zero, the more choppy and less momentum the market is moving. However, we need some guidelines to identify thresholds above and below zero for choppy areas. Using July 1st as an exemplar, I have plotted chop zones that correlate with the momentum indicator. In this particular case, I added trend lines at 0.15, 0, and -0.15 as prime chop zones. When the indicator is in this range, it is best to wait for breakouts if you are scalping. Try this method on your own charts to identify prime chop zones and tweak it if necessary. However, I plan on using these chop thresholds going forward.
NASDAQ:TQQQEducation
by dratzlogic
2
Time to Buy Stocks? TQQQ Analysis -73% There is something to be said about speculation. Here we have the QQQ 3X fund, testing a key area. Not only are we testing a key area, but "large-risk" (largER anyway) is currently sitting -68% from the all time high.... Even more weird, when the whole world economy was shut down in 2020, TQQQ contracted -73.28%; oddly enough, at least in this view... we bounced at... -73.28%. (these measurements could be off by a few percentage points I just measured it once and they happened to be the same measurement. Anyway, this looks like a good risk reward entry. I have bought and will continue to provide updates. For now, I have bought with the expectation that price will test the all time high from here. God bless.
NASDAQ:TQQQLong
by ChiefMacro
8
Wednesday Model 6.29The Revised Model for Wednesday is posted. This model averages the data from the Actual Data in with the Original Model at 15% weight. This way, you can see what the old "original model" was, and compare it to the newly revised model. The day's swing low is 12:40PM in the model. And the morning high comes in early at 9:55 AM. Historically, Wednesdays are fairly choppy and flat. But as always, the pattern is not a market timing tool. It's simply a historical representation of intra-day trends. Note the swing points, as those may be key - no matter which direction the market is trading compared to the model. Happy trading!
NASDAQ:TQQQ
by dratzlogic
Monday Pattern MAThis is a moving weighted average of Monday Intra-day patterns. As such, it is lagging, and cannot be used to time the market. Historically, there is a high at 9:45 with a decline at 12:10 and a second low at 1:00, with a slow rise. Volatility shows times with low movement, and high potential to chop your profits. Even if the pattern doesn't hold true, still look for potential swing points. as they may hold. Today there is Housing data being release 30 minutes after the open. I would focus on that data and market movement. Cheers!
NASDAQ:TQQQ
by dratzlogic
FRIDAY intra day patternAssumptions: For 6.24.22 1) 52 weeks SMA 2) Remove all Fridays preceding holiday/3 day weekends 3) Weighted Moving average for last three weeks of June, and continue WMA moving forward 4) Weights: 52 weeks SMA (.55) June week 1 (.1) June week 2 (.15) June week 3 (.2) 5) Moving forward, 10% WMA on each new week. 6) Chop Zones in red show times with low movement/price in range where it might be dangerous to initiate new trades. 7) Even if pattern itself doesn't hold true, the swing points may hold true. Simply inverse the pattern. Patterns are built using data exported from Trading View Premium. Thank you TV.
NASDAQ:TQQQ
by dratzlogic
Daily Patterns for Tuesday 6.22Assumptions: This is a moving average of a Tuesday Pattern that follows a Holiday Weekend where the market is closed on Monday. This provides a potential map for 6/21/22. Data is a simple weighted average in Excel. Holidays present and Weights: Indep Day 21- 10%, Labor Day 21 - 15%, MLK 22 - 20%, Wash Bday 22 - 25%, Mem Day 22 - 30%. Volatility is calculated based on an absolute percentage difference of the moving average Open and Close Values on a 5 minute chart. Danger Zones with low Volatility are highlighted in Red. Potential Danger Zones for Scalping on Tuesday following a holiday are: 9:45AM 10:35AM 11:15-1135AM 1:00 PM 135PM 235 PM 325-335 PM These zones should be avoided as they have low volatility, and are chop zones. The chart is a visual display of the data on the left, showing the overall trend movement throughout the day. This data is simply a model of past data. Not a trading plan. You can use the visual chart to view the areas of low volatility, and how the market trend is overall throughout the day. This was built in Excel with simple formulas, but using data exported from Trading View.
NASDAQ:TQQQ
by dratzlogic