Tuesday, May 04, 2010

QQQQ Hourly

QQQQ 60 minute (7, 2.0)

QQQQ 60 minute (7, 4.0)

The above charts show off the trend model with the 2.0 and 4.0 ATR settings. The latter is a wider setting;  fewer, more accurate trades.  The former, 2.0, is still the default setting, nonetheless, in both cases the QQQQ is on a short term Sell signal.  You can see the subtle differences that these respective settings make in trading around the signals and I continue to observe and evaluate my entire list of tradables using both settings, i.e. which one gives a more tradable edge?

Note also the pattern of lower highs and lower lows.  If QQQQ takes out the low from last week @ 48.98,  it may lead to an acceleration lower.


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