TQQQ trade ideas
TQQQ upwards priojectionsThis is what should happen if we return to the pattern of the last 6 months.
TQQQ - 5 Year Trend Up, March drop, Elliot Wave to the TopAre we going to bounce off of the February High? or are we going to continue on the current downward trend? Thoughts?
March high is providing support two bounces so far. Possible A leg of correction. Trend channel down continues to provide resistance.
Still a long way down to the 200MA
Daily chart shows trading in a narrowing wedge.
*INFORMATION ONLY - NOT TRADING ADVICE - I AM NOT A FINANCIAL ADVISOR*
$TQQQ targeting $160 *fingers crossed*I am expecting TQQQ to hold the channel line, the SMA (red), and the long term resistance/support line (yellow). So long as this holds I anticipate a price target of $160/$165 by 10/01. Adjust stop losses accordingly to protect against the downside.
3 Gaps Down Bullish Reversal ConfirmedNASDAQ:TQQQ
On 9/8/2020, it broke support but recovered the next trading day. While doing so, the 3 gaps down bullish reversal got a confirmation when the prices crossed above the level of $124.00.
Kauai Daves Trading plan, part IWe are nearing the R4 in the 60 minute charts. If we reverse at R4 to go down, I will sell my hundreds of shares of TQQQ. Then if we go down, I sill sell 200 shares of SQQQ for a profit. and go long lower to blast off again.
TQQQQ Bearish BreakYearly chart... the Directional Movement Index shows an almost Identical cross right before the market crashed in March. Formation of the chart is not complete, but with 2 out of 3 moving indexes crossing recent market pull backs can be explained. Should the formation complete (comparable in purple squares in the DMI), then what we are seeing now is just the beginning of a big drop. If the Directional Movement can pivot then recent losses could just be a minor pull back. Tomorrow will gives us all the answers we need. GLTA
Understand I am not a financial Advisor and this is not Financial advise please do your own Due Diligence
TQQQ Stil long from these levelsHave had to buy and sell a lot of SQQQ & 500 SPXS to keep from taking losses on these longs, so I am at break-even still, in these shares... TQQQ
You may recall I bought these on Sept 04, I'm still holding at breakeven, shorting to cover as needed.
On Thursday I sold 500 shares SPXS and went long at the bottomFriday many of us thought we might go up, but we had a second day of PAPER SELLING. I'm trading ETFs in a cash account, swing trading.I had bought 80 shares of TQQQ tripple QQQ Bullish.
So rather than take a loss Friday morning I bought 200 shares of SQQQ, tripple short QQQ to cover my losses and add profit. I cashed out on those too, bought at $20 sold at $26.
I'm still holding 0 loss, really, 100 shares of TQQQ... I am that sure we go up Tuesday. If we don't i will buy another 200 SQQQ.
I watch 60 minute candles multiples weeks at a time. I buy at S4 and Sell at R4++ now
My Buddy Diggiddy's Gap Trader Indicator. We have a gap 9/04One of Mortidggiddy's Indicators says sell, but I like this one better.... One whole mopre day of vacation.
We have a gap up above us, sometimes Asia and Eurpoe steal our trades though watch out.
Possible 20% Return on TQQQTQQQ has been on a strong upward trend follow the 180 day EMA. Last week had a significant drop but closed above the 180 day EMA. Great possible buy opportunity for a potential 20% return.
This week would be a great opportunity to enter TQQQ! According to my own analysis and some others, I'd say the day is near for the best entry point on TQQQ. Great short or long term investment and overall bullish on this one.
(This isn't advice and is just an estimate according to analysis)~
NQ1! aka QQQ the naz to MeWe have a potential setup for a short on Tuesday, however I don't always believe Indicators, and I think there is a strong
chance of an UP Tuesday, esp with the FED and 28 bullish days in a row for each correction. I have let you guys watch my actual trades
you guys have watched me sell the tops and buy the bottoms publically some, my brothers, have watched me for 5 years, some for 20, but
these last few months have been great all wins..
I BUY the exact bottoms, and SELL the exact tops, it sounds like bragging, but look at my charts over the last 4-5 years. Sold in the exact tops
of March 02 2012 but i was warning everyone since December to get ready to short. Then in April I quickly quit being a Contrarian proud of
being contrary but finally vindicated... then on march 01 I started telling people to buy. It is all there in my charts.
I decided to join the winners who bought the dips and sold the tops. We did short the 62% retracement, where a battle royal went on
up and down like these last few days, for weeks.
If we go up I am like 75% loaded up with TQQQ Tripple NAZ long from the exact bottom, which is where I sold my 200% bigger # of
shares of SQQQ I bought for $20 and sold for $26 like 200 shares... give or take.. Point is I reserve 25% of my portfolio for days like today
where we started heading down I hedged, big time... I swing trade ETFs either TQQQ & SQQQ or SPXS and SPXL.
I've not had a losing day for the last 20-30 sessions. I'm trading ( tagging along for the ride) with "Paper", not contrarian Retail, and losing.
I am thinking of opening a room soon. I ran kauai Dave's Daytraders and kauai Daves Trendtraders sooms on Tcnet. What is Tcnet?
They are two premier Charting services.... eSignal and TC2000 which comes with a DVD you can examine all stocks with massive research
and knowledge. The worden family... So they run Tcnet which is like TradingView and I took classes from the masters, David Elliot awarded #1
Stock Trainer by the Wall Street Stock Traders Society. I quit work at 45 with half a million dollars and daytraded with these brothers, and while
learning from Dave about Elliot ABC waves, and all charting techniques I met my trading partner, Giget, so hot! She ran a Wall Street Trader Team
and managed 34 brokers... She charges Sheiks $14,000 for 1 week training. When we started i paid her $200/hr to teach me to actually trade.
Then we became long distance lovers and friends and Trading partners... She trained me on full elliot waves using Prectners book Elliot Wave Theory.
Giget and I trader programmed trading on www.tradenavigator.com I wrote programs to make machine trades using first moving averages and later
Donchian Channels. Yes there are Donchian Chanels and Kelter Channels... And I trade within them... using pivots and VWAP on one chart, which also has
Fibonacci ribbons of all levels.
So my program bought at S4 and sold at R4, based on these channels, and I have learned that by programming in the right strategy one can do programmed trading.
In my next pose i will talk about starting a room with some history you can chose to ignore.
Post II:
I could teach you all all this and more, maybe i will start a room. let me know in IM if you are interested I would need a band of brothers to pass along messages
to each other and me. These would be my substituents and Lieutenants who could attend the rooms while I am away. I would be in the room from when i wake
up in the morning, which might be 12-1AM bedtime, 3.28 AM (fib, LOL) 5 AM, 6.28 AM lol or 8:30 AM EST. I'd be in the room at least 1 hour, probably more like
2-3 hours a day.
At TCNet 3500 people joined the day i opened My room... You guys watch me trade every day you know. I don't lose. not in the last 30 days.
Some Recent History:
I would charge people to join my room and teach them my low stress 60 minute candles , swing trading methodology. I look at every kind of chart anyone here
has ever heard of, hell I traded Futures using Market Profile and once even programmed 96 firewalls for Schwab and was taught options trading and awarded the
status of Accredited Investor, $500k in assets and a quarter million dollar income.
In 1992 I opened a $10K online brokerage account with Schwab, Street Smart Pro, and I still watch those charts as well they are very real-time minutes ahead of
tradingview. Although ChartMojos charts are realtime. i need to ask him about which futures feeds he uses. I have other friends or colleagues ho post charts here.
They might not agree, but I would consider
Some of myFW rulesets controlled 9 firewalls and in 1 year i only made 1 mistake. Believe it or not i scored 155 on an IQ test once.
They reason Schwab offered me unlimited overtime is because i replaced a team of 6 writing firewall "ECNs" for Exchange Communications Networks. As a Day Trader
I Architected these same kind of "Exchange Communications Networks", systems for traders fully redundant and fault tolerant systems for daytraders,
dual power supplies. mirrored and striped terabyte hard drives and two backup cellular networks with DSL primary network... now i trade over www.otrmobile.com
5G cellular network using ATT cell cites, for $70/mo but after 5 pm things slow down, but the market is closed and we are all off partying.
#TQQQ #NASDAQ Be Careful about Correction From 155-217$#TQQQ #NASDAQ Be Careful about Correction From 155-217$
From 90$ - 60$ ---> Strong Long
Bulls Win the Channel! Resistance is now SupportTQQQ blasted through the 1D resistance formed Aug 30 2018. It's now acting as support with bulls defending and winning the channel each time.
From here on out the future looks bright.
Correction is likely coming sometime in the near term. Adjust stop losses accordingly.
$TQQQBuy from the buy stop GTC (Good Till Canceled) set at $132.03 (10 cents above resistance on a daily chart)!
TQQQ struggling to break out of upper resistance - ominous sign?TQQQ is struggling to break out of a pattern set between sept, march and again in July on the 1d chart. We would expect it to stay in channel, but is meeting the upper resistance. Will be watching closely to see what happens next and setting limits accordingly.
