Multiple Day QQQ's Play

Rules for trading the QQQ's using a multi-day time frame.

1) When the Daily Nasdaq Futures charts and the Daily QQQ chart indicate a trade, use this as your decision.

2) If using an action chart, use the 21 minute as your action chart.

3) Purchase options either 1 strike price in the money or 1 strike price out of the money.  Only buy out of the money if it's within like 10 or 20 cents of being out of the money.  In the money is ALWAYS the safer bet.

4) Purchase plenty of time, you want enough time to capture a multiple day move.

5) Enter the trade when the bid/ask spread is no more than 5 cents apart.

6) If the Daily QQQ chart is coming off the bottom bollinger band headed up, or the top bollinger band headed down, you can typically expect a large move that can be as much as $4 per share.