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TQQQ trade ideas

Thursday Model 7.14.22Thursday's model. I won't be lectured by someone who has no quantitative background in forecasting, or ridicules the forecasting methodologies of the top Forbes 500 companies I have consulted. Models are tested daily. The history is the baseline to feed the model and project going forward. I don't have the time or energy to backtest each model I build and manually account for with special events--something a Pine Script can never do. If you want to build something better, then do it. Regards
NASDAQ:TQQQ
by dratzlogic
TQQQ , LONG ( early starter ) Although a slightly weaker open we still are above the 10/21 ema's and I am rooting for the bulls to keep price above them . Will try to de risk this completely while keeping half the shares by the time and " if " we can get to the 50 sma where . That way if we close above the 50 , I'll still hold half these shares , which will be de-risked , and I can add another buy on a close above the 50. Stop 26.15 PT 1 - 28.49 sell 1/4 and raise stop to half risk PT 2 - 29.79 , sell another 1/4 run balance , just because clause and or a wedge drop exit
NASDAQ:TQQQLong
by NAK1987
Monday model for 7.11Model is marked with swing points. I have also added a VWAP model with 4 standard deviation bands versus the price action. Notes on the model show how price returns to neutral throughout the day. Note that we have had two Monday holidays recently - Juneteenth and July 4th holiday. So the most recent data we have for this pattern is 6/27. Be wary on Monday, as the lack of recent data could mean a significant shift in pattern could be taking place and the model is behind. Models are built from exported Trading View data and built in Excel. These are intra-day patterns only and do not predict price action. Happy Trading!
NASDAQ:TQQQ
by dratzlogic
TQQQ how could anyone resist If you believe in the future of the market, if your in the market and staying in, then wouldn't it be very smart to get the tqqq at these prices right now considering how close we are around a bottom. Just from how low it is off from where it was, which is where the market was according to the QQQ ETF is an incredibly good deal and discount. If you believe in the future of the market then that clearly means this, the QQQ will recover, and thus the TQQQ will recover along side at 3x the Leveraged rate. I have been accumulating shares every time its red. I'm down but it does not matter since my price target is back at Novemeber 2021 levels. The same goes for UPRO and UDOW. And is say FNGU and SOXL and NAIL. Their sectors are to significant to not eventually recover.
NASDAQ:TQQQLong
by Sawyer170
5
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