Welcome Msg: Welcome index futures traders. Most of us follow methods taught at intelligentspeculator.com. We're here when "TRENDVUE TRADERS WKSHOP" is locked down for a paid session. You can post charts at www.DaCharts.com Spammers & hecklers get the boot. dave_b_quick: morning Paltalk: Are banners a bummer and popups a pain? Cure your banner blues NOW for $9.95 a year! Click HELP on your Pal List then select Bannerless PalTalk to subscribe now! tomsurf: Good morning everyone.....hey a new guy's here today ;-) tomsurf: mike- were the possible Dow entries based off the futures or cash prices? tomsurf: OK, I did hear that the commercials were long th Dow mike_bruns: BRB Paltalk: Click banners to visit our sponsors. fang_6: what was going on here? dave_b_quick: getting ready to start the day trading index futures fang_6: bye tomsurf: GDP came in on the low side of estimates but no big reponce outta the market. dave_b_quick: hmmm, i guess that's bullish gravestonedoggie: good morning all dave_b_quick: Yo, GSD! dave_b_quick: the room was open when i got here this AM, i think JH spent the night here maybe? tomsurf: Mlynch and Morgan bought the doggie out of the SP's yesterday gravestonedoggie: nothing like getting a little globex trading in Dirk-X: Morning, boys and girls dave_b_quick: mornin PoloEQ: Good morning everyone Buffy_04364: good morning all dave_b_quick: g'morning polo, buffy Buffy_04364: Happy Camper here - got to see Neil Diamond on the Today show! dave_b_quick: Oooh, some treat Buffy_04364: sure was Buffy_04364: been to a couple of his concerts - new song from CD coming out next week says he hasn't lost it yet :-) Buffy_04364: Have to call isp and phone company this am Buffy_04364: can't send mail and they did something to mess up the reg phone line Buffy_04364: about a week ago Buffy_04364: always something dave_b_quick: oh dear PoloEQ: Buffy are you trading over a phone line? Buffy_04364: I have two line one for phone and one for dsl Buffy_04364: so yes guess so PoloEQ: oh phew Buffy_04364: used to have 3 lines before dsl PoloEQ: dsl at least PoloEQ: and were off! Buffy_04364: yes I asked for it so often that I was their first paying customer in the area LOL Dirk-X: Just posted a chart...watch out for this angeld R...or breakout of this pattern PoloEQ: lol Dirk-X: posting now dave_b_quick: Looks like you got it figured out, dirk. I found one chart in the root directory and moved it to today's folder gravestonedoggie: what is the link again? dave_b_quick: www.dacharts_dachart_dacharts_dachart.com Paltalk: Love PalTalk but hate the banners and popups? Go bannerless! Only $9.95 per year! Click HELP on your Pal List then click 'Bannerless PalTalk'. gravestonedoggie: thnx Buffy_04364: repair department not answering :-( PoloEQ: pivot point R1 1695.8 Buffy_04364: record lows today for temperature after record highs three days ago - can you tell I am not focused yet Buffy_04364: thanks polo dave_b_quick: 2B??? Buffy_04364: maybe Dirk-X: Waiting for establishment of support level... PoloEQ: twice failed so target if it continues to fall is 1354 PoloEQ: 1654 PoloEQ: sorry! Buffy_04364: np we know dave_b_quick: i like the first # PoloEQ: lol dave_b_quick: ss 1687.50 dave_b_quick: 5m inside bar PoloEQ: pulling back to 1687 PoloEQ: minor support PoloEQ: hope for more than a pullback Buffy_04364: no trend yet PoloEQ: 3rd failure PoloEQ: remember what happened yesterday @84 dave_b_quick: stopped out +.5 dave_b_quick: moved to BE too quick Dirk-X: 82 to 80 should be tough support Dirk-X: 76 should be very strong as well PoloEQ: sold 84.50coverd79.50 dave_b_quick: nice job PoloEQ: thanks Dirk-X: short John FF: Polo what TF do u trade? PoloEQ: 1/5/9 PoloEQ: till trend developes PoloEQ: then 5/9..then 9 Dirk-X: sl =76.5 PoloEQ: dave i wish i had your quick trigger finger PoloEQ: 1654 looks easy now Dirk-X: out +5 dave_b_quick: good job, dirk PoloEQ: great everyone Indycator: polo, 1696 R1 was right on target PoloEQ: as usual PoloEQ: nice no? Indycator: yes PoloEQ: i just cannot hold for the whole 20point run!!! dave_b_quick: Polo, i use mostly stop entries and exits because i'm so slow at the trigger... PoloEQ: oh isee tomsurf: Polo- ya I jusmped off alittle to soon but day is young Dirk-X: lots of support through this whole area, may translate to some tricky chop...looking for scalps for now Buffy_04364: hit bottom of pyra channel and I am long dave_b_quick: first real pyra trade? Buffy_04364: yes Buffy_04364: it is fighting the risistance line and maybe shouldn't of taken it Paltalk: Please support our sponsors by clicking on banners. Buffy_04364: out cheetah55: buffy, 4min nq at 2.8 deg? Where is the anchor? PoloEQ: Tom/Dirk did u get some off the 2:20 yesterday? Dirk-X: LOng Buffy_04364: my degrees on chart posted is 11.25 and anchor is way back at a high months ago cheetah55: 4 min? Buffy_04364: 4m cheetah55: tx Buffy_04364: I made chart two screens and really crunched the data up to do it Buffy_04364: I posted it this am Buffy_04364: before I started trading tomsurf: Polo- to make a long story short, no Buffy_04364: I should of trusted it long again Buffy_04364: never left the channel PoloEQ: OK tomsurf: hey, I'd like to report otherwise, lol Dirk-X: out +10 Buffy_04364: posted an updated one cheetah PoloEQ: everyone here took + 10 i beleive cheetah55: ok PoloEQ: nice one Dirk Dirk-X: interesting to see a lowere high here Dirk-X: if it happens PoloEQ: ditto tomsurf: Polo- glad to hear Buffy_04364: took 5 dave_b_quick: lower hi would make a H&S Buffy_04364: out when it hit the top of the channel Buffy_04364: 2b on 3M Buffy_04364: ? PoloEQ: Hey is this yesterday or today....repeating market? PoloEQ: nevermind..im losing it it's Friday dave_b_quick: lol PoloEQ: Situation critical PoloEQ: right here cctraderx: its ok Polo PoloEQ: if 80 doesn't hold..... Buffy_04364: consumer sentiment came in low PoloEQ: what wa shousing? PoloEQ: Housing Buffy_04364: don't know david didn't say PoloEQ: ok Buffy_04364: just asked him PoloEQ: lower tops on PnF Buffy_04364: yep Buffy_04364: 3LB too Buffy_04364: and short off of it PoloEQ: good cctraderx: housing was in line with expectations Buffy_04364: tks cc Dirk-X: inside bar on the 15min cctraderx: welcome PoloEQ: thnx CC Buffy_04364: took 5 dave_b_quick: 9m inside bar too cctraderx: pyrapoint is paying of today PoloEQ: excellent Buffy_04364: pyra and 3 lb and 60T chart Buffy_04364: going to play with pyra more on the intraday tick charts since it works with them also so I hear Buffy_04364: this weekend PoloEQ: looks like the beginning of the 1 min backside selling from 90 Buffy_04364: one of my books recommends a BB setting of 13 I have gone back to it Dirk-X: short Buffy_04364: ditto PoloEQ: 73 good cover area PoloEQ: using the 20 point rule Dirk-X: sl=83 Buffy_04364: out don't like way acting Buffy_04364: and that is stupid I guess - gut feeling PoloEQ: sometimes you just gotta trust the backside instead of the gut LOL Buffy_04364: lol Buffy_04364: time line on pyra being hit now tomsurf: Polo- lol Dirk-X: two consec. inside bars on the 15min PoloEQ: don't like 1 min sideways action PoloEQ: plz stay below 80 PoloEQ: they're holding it @ the 20ema 5 min John FF: 81 is 61.8 retracement from hi PoloEQ: thx Paltalk: Press the INVITE button NOW! Get your friends in on the fun! Invite them to join us on PalTalk today! Indycator: polo, pivot on ES today is 1201.50. Recent low was 1201.75 Dirk-X: still short Dirk-X: still 83 PoloEQ: 2 consec insides also 9 min PoloEQ: srt@79 Dirk-X: got to go here PoloEQ: i like where stochastics are headed...keeping me in Dirk-X: what a fight here PoloEQ: PnF big break @ 75 PoloEQ: strong support PoloEQ: +2 too long Dirk-X: going to b/e.. Dirk-X: b/e=79 PoloEQ: will re enter if 75 breaks John FF: trend down only sell bounces Dirk-X: out John FF: 71 is number where shorts should start to cover PoloEQ: that's right larrybf: Buffy-THANK YOU for the email info Buffy_04364: welcome PoloEQ: i had 73 ..close enough cctraderx: hi mike Buffy_04364: Mike was going to send you pyra chart but now you can look yourself Indycator: morning mike.. John FF: sox breaking dn, good indicator for naz Buffy_04364: tks John and yes it is PoloEQ: PnF 75 PoloEQ: short@74.50 Dirk-X: short with ya Polo Buffy_04364: gee I was filled at 74 Buffy_04364: :-) PoloEQ: lol Buffy_04364: now are we all right or all wrong LOL PoloEQ: LOL cheetah55: polo, waht is your setting on the PNF? Dirk-X: Im getting out...dont like this zone Dirk-X: I'll watch you guys make money for me PoloEQ: 0.5/3 cheetah55: tx PoloEQ: near short cover area Buffy_04364: did you read in help where he gives the example of 200.00 equals 2 dollars Buffy_04364: so I use 50.00 - keep forgetting to ask him John FF: to close to first hr lo to take position could go either way dave_b_quick: LOD test Buffy_04364: pyra says to watch 16666.72 for support PoloEQ: out 70.50 John FF: if this breaks dn look for 1660 Buffy_04364: out Buffy_04364: 3lb reversed PoloEQ: too too long...scalp day only for me Buffy_04364: still in down channel on pyra though Buffy_04364: no close above it Buffy_04364: brb cats want to be fed PoloEQ: will re enter@ some point Dirk-X: key will be if the 76 zone becomes as tough R as it was S PoloEQ: fails here...another sell PoloEQ: glad we're on the same page gravestonedoggie: nq has corr3ected sideways off morning peak John FF: dbl top 1 min Dirk-X: trying a short here tight PoloEQ: 3rd DT gravestonedoggie: es and dow, stteper declines cctraderx: how has es trading been GSD? Dirk-X: out -2.5 PoloEQ: guess we had a 2B gravestonedoggie: ok, cc, thnx.. you? PoloEQ: lets see what 80 brings us cctraderx: do you still trade es mostly? gravestonedoggie: yes gravestonedoggie: had 10 nq trades on wednesday, but mostly es Dirk-X: long Buffy_04364: 1682.83 is resistance on pyra PoloEQ: ouch my neck! gravestonedoggie: hehe Buffy_04364: giggle cctraderx: watching nq here, trading qqq with nq chart for now PoloEQ: ok lets do this 2 points at a time Buffy_04364: LOL PoloEQ: T-Lo style Buffy_04364: why not it is the one pt that is scarey :-) PoloEQ: at her site she states that she only takes trade setups that could net her at least 2 points Paltalk: You DO have a choice! Buy bannerless to end your popup blues today! Click HELP on your Pal List then click 'Bannerless PalTalk'. Only $9.95 a year! That's less than THREE CENTS per day! WOW!!! cheetah55: long ES cheetah55: for trip back to at least 06 or to the highs John FF: trend going positive Buffy_04364: yes it is Buffy_04364: long at 83 Buffy_04364: 1698.94 next resistance on pyra PoloEQ: i have 95 on PP Dirk-X: out +4 PoloEQ: good PoloEQ: became an investor for a bit ther i see Indycator: very nice cheetah! John FF: dbl top 89 PoloEQ: triple now tomsurf: 1207.5 ES gonna be some R, but if it gets past could run cheetah55: out of 1 es for +4.5 PoloEQ: good tomsurf: cheetah- nice trade PoloEQ: on days lijke this take what it gives Buffy_04364: nice cheetah Dirk-X: hoping for retracement to buy here PoloEQ: Buffy still holding PoloEQ: ? Buffy_04364: all this sideways actionon the 60T is nuts Buffy_04364: yes PoloEQ: what's the deal with 89 here? Buffy_04364: 3LB hasn't reversed cheetah55: still long 1 es dave_b_quick: looks like noman's land on 15m cctraderx: what a move cheetah, way to go Buffy_04364: this will be 3rd inside bar on 3m Buffy_04364: I reverse position dave_b_quick: 5 of the last 10 NQ 15m bars are botomed on 1676 cctraderx: hmmm Dirk-X: LOng cheetah55: looks higher PoloEQ: do you realize we're trading a 27 point range, it's amazing how much we've taken out so far! John FF: look for 1695 to 1705 PoloEQ: pnf break at 90.00 Dirk-X: sl=b/e=86.5 cheetah55: out of other ES long +6.5 dave_b_quick: way ta go! PoloEQ: excellent cheetah55: tx Indycator: cheetah da man today cheetah55: I got time to lose it !! cheetah55: LOL PoloEQ: lol Buffy_04364: well on phone with repair - they finally called back and I don't know where I left you guys off - but flat now - have to go check something for them PoloEQ: alright don't go too far Dirk-X: took 5.5 PoloEQ: good Dirk-X: right at too much R Dirk-X: will look to re-enter after it gets through and re-tests PoloEQ: ditto Dirk-X: after=if, and only if PoloEQ: but of course Buffy_04364: back Buffy_04364: now have to call again and tell them to get their butts up here and fix it! Indycator: you tell 'em buffy! Buffy_04364: the hum on phone is so loud you can hardly hear who you are talking with Buffy_04364: I personally think it is that stupid cable company putting lines in for cable modems - you know the same ones that knocked out my electricity :-) Buffy_04364: gee did mike ever say anything at all? wonder if he looked at pyra chart PoloEQ: not an iota Buffy_04364: thanks PoloEQ: no free advice or trades i guess Dirk-X: Just posted two more charts....I think this aspect of what's happening is critical right now..."Birdseye" and "CloseUp" Buffy_04364: nice chart X11 Buffy_04364: well, guess I will still eamil him a chart Buffy_04364: stop buy just filled dave_b_quick: Mike was commenting on some charts this morning early. When he's trading his own account he doesn't have much time to talk. Buffy_04364: that is true Dirk-X: That one isn't from today, Buffy, a leftover from the other day with the wrong date...new charts all start with "DirkX" prefix Buffy_04364: k Paltalk: To visit our sponsors, click on banners! Buffy_04364: still nice Buffy_04364: out for +1 Buffy_04364: looking to re enter Dirk-X: Why, thank you...think it may pop through but thats 4 waves up on the 150-tick Buffy_04364: thanks dirk great overview of how important this area is PoloEQ: thinking the same PoloEQ: i cannot see it fail here after coming up from so deep ispec_cj: this is where trendVUE defectors are! LOL Indycator: nice charts dirk......looked like you were hooked up to an EKG though! tomsurf: cj- LOL Indycator: okay, who told CJ where we were hiding......:) Indycator: hi CJ... Buffy_04364: Hi CJ!!!!!!!! :-) Buffy_04364: miss seeing your charts ispec_cj: Indy, I saw the bandit flag up... dave_b_quick: Hey, CJ cctraderx: hi cj PoloEQ: feels like the whole world is watching Buffy_04364: you been away? haven't seen them posted to ispec either Dirk-X: Think it fails here... ispec_cj: Buffy, I post some charts every once in a while on ottographs.. Buffy_04364: none yesterday right? Dirk-X: Which kinda sucks because, if it does, we'll have to fight back through all those levels again Buffy_04364: I thought I checked ispec_cj: no, yesterday I was in Mike's room all day.. Buffy_04364: of course how silly of me to forget. How was it? boomer_95: mike's room..?? what room is that.? Buffy_04364: good day I bet Buffy_04364: the class Indycator: dirk, maybe we will get the 5th wave up ispec_cj: Buffy, Mike's class is always good :) tomsurf: mike does a good job for sure Buffy_04364: yep it is - I didn't remember what day it was until too late to sign up Buffy_04364: :-( Indycator: boomer, mike bruns does a class every thursday ispec_cj: where do you guys have charts? talkstocks? John FF: would like to see pullback to 85 or so but probably won't get it dave_b_quick: dacharts_dachart_dacharts_dachart.com Buffy_04364: and anyone can post Buffy_04364: have example of pyrapoint up there ispec_cj: thanks.. PoloEQ: lets see who gives in first shorts or longs John FF: methinks shorts ispec_cj: wow, dave_b nice site! dave_b_quick: Thanks, CJ, just a quickie tomsurf: cj- dave has us covered :-) Buffy_04364: isn't it! ispec_cj: that is great! tomsurf: ;-) dave_b_quick: cost me $10 for the domain registration and $5/month for the hosting. I wanted to learn PHP anyway. gravestonedoggie: stealth bear flag?... or jsut bull flag in progress? ispec_cj: dave, who hosts it? Buffy_04364: bear IMO dave_b_quick: simonweb.com dave_b_quick: $5/mo for 50Mb PoloEQ: logic defying move gravestonedoggie: looks like it buffy dave_b_quick: with MySQL, PHP, FP extensions included ispec_cj: thanks.. PoloEQ: in a bear market longs usually give in first Buffy_04364: and when did you think this market was logical? LOL PoloEQ: lol gravestonedoggie: ahve 2b sets on 5 min charrt as well Buffy_04364: I get banged over the head if I do that is for sure tomsurf: nice indide bars there on the 5min ES/NQ gravestonedoggie: and right at key downtrend line, as dirk's chart shows gravestonedoggie: so, an interesting juncture PoloEQ: blame it on the DOW gravestonedoggie: (downtrned line on daily) Buffy_04364: got 2.5 out of it cheetah55: short ES from 8.75 gravestonedoggie: i got in same price, cheetah PoloEQ: not touching this enviroment cheetah55: alright gsd, let's get some lower here Dirk-X: Big dragonfly Doji on the 15min, screaming top here...plus Trader Vic 1,2,3 reversal completed on the shorter TF's...but....etc... Indycator: cheetah after all the ES chips today :) cheetah55: plenty of support below. If it goes down, it will stairstep gravestonedoggie: yes.. could always jsut be a pullback at R, trapping R shorters PoloEQ: plz no Dirk-X: 75tic Vic reversal chart posted tomsurf: 1206 s/b pretty good support, break that and you're laughing. dave_b_quick: when every other bar is an inside bar, they kinda lose their urgency (NQ 5m) PoloEQ: 82 is the # PoloEQ: true Dave Indycator: dirk, dragonfly on the nq? Dirk-X: 15min Indycator: isn't that a gravestone doji? gravestonedoggie: hehe dave_b_quick: pretty close to it, or a finger gravestonedoggie: hope you will not trun out to ahve used my name in vain dave_b_quick: oh, now i get it... Dirk-X: same thing...in my book anyways...i guess both are cool sounding...as long as it sounds cool, it works for me... :-) ispec_cj: Buffy, I see you're using pyrapoints and 3 point break...how do you like them? Dirk-X: 15min NQ chart posted John FF: bad time of day to trade Indycator: you can always change your name to dragonflydoggie PoloEQ: John it depends on your objectives gravestonedoggie: hehe John FF: only 1 obj. make money hehehe Paltalk: Subscribe to bannerless to stop the popups today! Get it NOW for less than THREE CENTS a day! Click HELP on your Pal List then click 'Bannerless PalTalk'. John FF: at lunch boys in pit much better position to manipulate market gravestonedoggie: if turn back up and take out highs, should be shorts trapped John FF: critical sup here on 3 min cheetah55: gsd, u got a stop in? gravestonedoggie: 0850 now Dirk-X: I agree, though, John. Moves are mostly super slow and often counter-intuitive through this time period... cheetah55: 8.75 b/e here mike_bruns: Iny miny mine mo, which way do we go.... mike_bruns: Down or to luch. Buffy_04364: LOL mike_bruns: Lunch here. Buffy_04364: mike, did you get to look at the pyra chart? mike_bruns: No, een pretty busy this AM. Buffy_04364: I like 3lb and pyra and pa together Buffy_04364: on 60T no less mike_bruns: I'll go look at this chart site. gravestonedoggie: not much evidence of selling pressure mike_bruns: or buying. gravestonedoggie: in fact, none that i can see gravestonedoggie: ticks at 700 and trin at 69 suggest buying Dirk-X: Hi, MIke ! ! Buffy_04364: yep pretty sidewas on 3M gravestonedoggie: ticks at 700 is strong buying gravestonedoggie: sorry, my chart stopped gravestonedoggie: on ticks gravestonedoggie: that is old data, sorry gravestonedoggie: ticks are 71.. neutral gravestonedoggie: you are right, no pressure either way cheetah55: took 1.5 on 1 es..holding other mike_bruns: OK, I looked at the pyrapoint charts. Pretty but I have no idea what I am looking at or for. gravestonedoggie: ticks 282 Buffy_04364: ok the greeen diag lines form up channels Buffy_04364: the red diag are down channels gravestonedoggie: so more on buy side than anything else, fwiw Buffy_04364: horizontal are suuport and resist Buffy_04364: the cyan lines are time lines mike_bruns: Yes I know but the interpretation I do not. gravestonedoggie: covering here Buffy_04364: as long as it doesn't close outside the channel you are suppose to stay in the trade Buffy_04364: close John FF: A VOICE! cheetah55: out also...not worth it to mess with this midrange stuff a lunch time Buffy_04364: not poke through gravestonedoggie: just not much followthru or anything gravestonedoggie: see what it does off this PoloEQ: this is interesting Buffy_04364: just posted up to date one mike_bruns: Look for a several week trading range of 1250 to 1180 PoloEQ: stop cleasing always makes me giggle Buffy_04364: guess you can hear me all right today - too loud? PoloEQ: Dirk...guess we'll have to wait till 2:20 eh! Indycator: nothing buffy gravestonedoggie: not too loud at all gravestonedoggie: in fact, real quiet Buffy_04364: you can't hear me ? ok will leave and come back rs_5: no sound here, buffy Heinz: Hey Mike, rs_5: can hear mike rs_5: hi mike rs_5: hi all Dirk-X: We'll just have to see, Polo.... tomsurf: taking a little break here Buffy_04364: well, I just said that it closed out of the down channel Buffy_04364: and is hitting the time line Buffy_04364: back in a sec ispec_cj: Hi Mike, good to see you at the defectors camp too! :-) gravestonedoggie: think the time line hit me this morning when i woke up Dirk-X: Looks like a 3 pt MACD divergence on the 5min NQ... will post Heinz: Does cj=Carlos? ispec_cj: this room is more fun, at this rate Teresa herself will join us also :) PoloEQ: lol Buffy_04364: ok lets try again mike_bruns: I ahve to go read the posting instructions. Indycator: heinz CJ does not equal carlos Indycator: bingo ispec_cj: just kidding...:) may be we can sayb this room is more focused :) Buffy_04364: yahoo Buffy_04364: tks Buffy_04364: wonder why it happens rs_5: yes mike_bruns: cj -lol cheetah55: long es gravestonedoggie: you tiger Buffy_04364: inside bar on 3M gravestonedoggie: nice, tiger Heinz: Where is Carlos these days? dave_b_quick: buffy, that happens on my other computer when my cable company changes my IP address every couple of hours. Buffy_04364: long mike_bruns: NQ 5M had 9/20 conservative buy set up Buffy_04364: could explain it as they sure have their problems today mike_bruns: 86.50 buy stop Buffy_04364: email going out double spaced and duplicate so the boys say mike_bruns: Paltalk doing maintenance too. ispec_cj: Heinz, Carlos is a bit more bearish than me :) mike_bruns: Oops, no email problems here. mike_bruns: Glad to see a couple hold the hammer Indycator: CJ....but you are no proustt, right? Buffy_04364: my isp having the problems Buffy_04364: at various times difficult to send and other times to receive mike_bruns: So how many passerbys come in and wonder what's up? ispec_cj: Indy, thank god NO!! LOL Indycator: very few mike ispec_cj: I miss them both though :) dave_b_quick: it's too quiet in here for most of the sightseers Buffy_04364: so on that pyra the close above confirms shift to up channel I believe Indycator: CJ, yeah, I miss carlos :) Indycator: we should all go visit him dave_b_quick: i don't remember the last time we had to bounce somebody mike_bruns: watch the test of the HOD here. dave_b_quick: where's Carlos, Mexico City? mike_bruns: Wow , dave PoloEQ: Monday we didn't we have an Indian selling Xmas deco dave_b_quick: oh, ya, but we didn't have to bounce him/her PoloEQ: oh ispec_cj: NQ 300 tick chart so far the one with the least noise IMO.. gravestonedoggie: he was selling candles gravestonedoggie: should ahve asked him for a doji star gravestonedoggie: bloody dead here PoloEQ: and we we're trading with them!!lol gravestonedoggie: yeah dave_b_quick: gonna go raid the fridge mike_bruns: well, I should and see what is happening in T's room. I bailed earlier after we got into a discussion on use of multiple contracts. Didn't wish to disrupt her Done in 90M but had to clarify a couple of reasons for doing what I do. mike_bruns: Be back in a bit. cheetah55: out of es long...way too quiet Buffy_04364: lost 1 Indycator: dave...carlos in mexico city ispec_cj: Mike, those discussions are always interesting...good to hear both views..imo ispec_cj: Dirk-X, nice charts.. Buffy_04364: should of checked pyra - oh well see which is right pyra or 3LB Buffy_04364: I have learned one thing with pyra and 3lb - gotta give them room with stops and much better to use market gravestonedoggie: sneaky rally Buffy_04364: because of the room you have to give them cheetah55: dang, needed to stay with my stop instead of getting out PoloEQ: Muhamad Ali used the"Rope a Dope" against his opponents...are the using the "Poke a Dope" on us!! PoloEQ: 3 times now cheetah55: quiet lunch hour......Those of u familiar with teachtrade.com know that the main guy was a very successful SP pit trader. One of the best. Now he and some partners have a web site etc.... which will become a pay site soon. He left the pits and ran/run a fund which apparently had very meager returns from what I have read........ Paltalk: Please visit our advertisers by clicking on banners. cheetah55: This brings up the question....is it possible to trade off the floor and make a lot of money with a $10,000 to $25,000 account trading 1-2 contracts in the mini's. I'm curious....do any of you make a living trading the mini's? PoloEQ: i do Buffy_04364: I do cheetah55: How may contracts? PoloEQ: costs more than that to get on the floor Buffy_04364: 2 nq PoloEQ: minimun 2 max 5 cheetah55: polo, nq's? PoloEQ: yes PoloEQ: only Indycator: mike bruns does well I believe, cheetah Buffy_04364: ditto Buffy_04364: yes he does and trades many other commodities too Buffy_04364: bond included mike_bruns: back Buffy_04364: were your eats burning LOL mike_bruns: Threw in my 2 cents and ran! LOL Buffy_04364: eats=ears Buffy_04364: giggle Indycator: oh, nothing Indycator: LOL mike_bruns: Oh, well I can run and yo can resume, eh? Indycator: mike, it was all good about ya Buffy_04364: of course it was cheetah55: buffy and polo, how many NQ points per week do u average for one contract, if you don't mind (using the last 3 to 6 mos)? PoloEQ: long 96 Buffy_04364: no clue Buffy_04364: sorry Buffy_04364: when I thought I was talking I asked if you found pyra for tradestation yet Mike mike_bruns: No, I have not. Buffy_04364: drat phone company here Buffy_04364: back when I can PoloEQ: out +.5 radtad_1: Buffy, where are the charts for Pyrapoint? I went to dacharts_dachart_dacharts_dachart.com and couldn't find them dave_b_quick: http://www.dacharts_dachart_dacharts_dachart.com/charts/2001-07-27/ radtad_1: Thanks Dave Indycator: gravestone doji on 9M NQ gravestonedoggie: nice eye.. pretty popular todayt Indycator: y Indycator: yes you are, gsd gravestonedoggie: lot of fakeouts today Indycator: ES 9M had one too...doji gravestonedoggie: candle time gravestonedoggie: what is the japanese candlestick name for a whipsaw? gravestonedoggie: "burning it at both ends" cheetah55: sold es gravestonedoggie: i cant show the symbol for it because this is a pg rated room Buffy_04364: back and they fixed it Buffy_04364: missed the sell signal Buffy_04364: oh well Buffy_04364: still have some time here cheetah55: out cheetah55: -1.00 es PoloEQ: long@96 again Buffy_04364: 94 here Buffy_04364: :-) Buffy_04364: watching for 2B though Paltalk: Your friends are just a click away! Press the invite button NOW! Buffy_04364: hitting time line again Buffy_04364: and resistance Buffy_04364: on pyra Buffy_04364: goes through here should be strong as top of channel there too PoloEQ: lets see 1700 this time sparks will fly dave_b_quick: Borselino says most of the locals went home already Indycator: ES 3M yet another gravestone doji PoloEQ: 20 ema coming through the PP res 1 @1695 Buffy_04364: stop at 95.50 PoloEQ: let the orders come in Buffy_04364: hung in cause of time line Buffy_04364: 97.50 Buffy_04364: 98.50 PoloEQ: 1705 PnF target Buffy_04364: tks PoloEQ: out +5 too long will re enter PoloEQ: i've got R2@1732 Buffy_04364: out PoloEQ: software crash give me 10 mins PoloEQ: great buufy..pulled it @ 05? PoloEQ: typing one hand gravestonedoggie: last 2 days had falling wedges.. now on 5 min es and nq looking a bit like rising wedges Buffy_04364: nope 03 Buffy_04364: should of though your target was right on PoloEQ: close enuff! Buffy_04364: hmmm now what Buffy_04364: going to take a break here Buffy_04364: need to walk around PoloEQ: me too puter crash Buffy_04364: we can't get over seventy here and body used to 90's so cold Buffy_04364: not nice polo Buffy_04364: walking arund might help and go out in the sunshine Indycator: gsd, I was seeing the same PoloEQ: ok charts are back Paltalk: Go bannerless and support PalTalk! Subscribe today! Only $9.95 a year! Click HELP on your Pal List then click 'Bannerless PalTalk'. PoloEQ: Buffy it doesn't matter if you buy the bottom and sell the top what matters is HOW MANT TIMES YOU GET THE MIDDLE!! Buffy_04364: back and thanks to sunshine warmer Buffy_04364: that is so true polo Buffy_04364: picking bottoms and tops not a good way to trade Buffy_04364: unless really scalping PoloEQ: they say bottom buyers are liars Buffy_04364: long at 03 Buffy_04364: LOL yep that is what they say Buffy_04364: stop tight in case lower high ispec_cj: dave_b_quick, you should include a risk page in your site also :) Buffy_04364: out for -2 dave_b_quick: good idea, cj Buffy_04364: short at 99 Indycator: will 96 be support now? Buffy_04364: out BE PoloEQ: here's the senario i'm expecting and hoping that will unfold in front of our very eyes....being above 1695 we should hold that area as we near the 2:20/2:40 time frame and we all know what usually happens....and we go for the Pivot point R@ @1632..... PoloEQ: lets see PoloEQ: oh yes and we're in an uptrend PoloEQ: if this doesn't happen ...I won't show my face in here ever again! PoloEQ: lol boomer_95: 1733 u mean? PoloEQ: yes sorry Buffy_04364: hitting another time line on pyra in 4 min ispec_cj: Buffy, are you using pyra for trading signals now ? Buffy_04364: not exactly but using it to anticipate more or less - first week watching it and waiting for book Buffy_04364: and just got setting from howard that made sense weds night Buffy_04364: didn't really understand the channels until then either and how they worded Buffy_04364: worded = worked :-) tomsurf: Buffy- when you get a chance could you say those settings and the date you put the high on? tomsurf: your charts w/it today definitly look better Buffy_04364: agree tom Buffy_04364: 11.25 is the degrees Buffy_04364: oh wow even more impressive with the chart ful on two monitors :-) PoloEQ: 20 min and counting... Buffy_04364: somewhere around june 29 is where I started it hard to tell if I have bar in right place or not tomsurf: thx, close enuff for me to experiment ;-) PoloEQ: now" this" is getting interesting Buffy_04364: watching PA is getting me out too early need to start trusting these guys they are a great pair tomsurf: been wondering if we might see the ernmor trap...maybe not but worth keping an eye on the 15min charts Buffy_04364: on time line now PoloEQ: uh oh Buffy_04364: see I only took a few points and 3lb and pyra said to stay in the short Buffy_04364: pa said to play safe and out Paltalk: Please support our sponsors by clicking on banners. Buffy_04364: going to have to come up with some odds on rules this weekend with these new ones gravestonedoggie: well, indy, wedge did lead to downmove gravestonedoggie: hope you did better with it than i did PoloEQ: looks like we might only get back to 1695 Buffy_04364: I posted pyra and you can see how it confirmed the downmove by closing outside the up channel PoloEQ: 10 mins Buffy_04364: gee maybe we should have a meeting this weekend and just discuss indicators or sometime Buffy_04364: ahhh that is right polo getting close Dirk-X: This HAS reversed, IMO...Though, my opinion changes quickly and often.. Looks like a short-term top to me Buffy_04364: volume is up on this downmove tomsurf: looking like the ole ernmor trap Buffy_04364: 3M just confirmed change of trend Buffy_04364: down Buffy_04364: now Buffy_04364: kicking myself for getting out early Buffy_04364: oh well Buffy_04364: market is always there Buffy_04364: just tagged resistance on pyra Buffy_04364: no support Dirk-X: Nice call Tom Buffy_04364: yes it was tom tomsurf: ;-) thx goes to ernmor gravestonedoggie: what is ernmor trap? i forget Buffy_04364: next lower setting on pyra doesn't make as much sense to me tomsurf: it's that rising wedge that goes up just enuff to get longs or down enuff to get shorts trapped PoloEQ: Dirk in that study you did ,were the 3 losing days Fridays? Buffy_04364: good ? polo Dirk-X: I'll chech Polo gravestonedoggie: es has basically come bak to yest high gravestonedoggie: and the area of the globex high PoloEQ: long 91.50 PoloEQ: out+.5 PoloEQ: will re enter Dirk-X: Wed, 7/18...Fri. 7/6...Wed. 6/27 (but the 27th was a crazy day through that period..looks like a Greenspan related event...swings of 25pt on 5min bars..) the other two were normal days...more details coming PoloEQ: so it's Fridays turn!!! Buffy_04364: LOL Dirk-X: 7/18 and 7/6 were both hard downtrend days all day Buffy_04364: inside bar on 3M dave_b_quick: nice tight one, too Dirk-X: 6/27 (Anybody remember what "event" happened that afternoon? Something crazy, no doubt) was falling from a rising wedge that had built on low volitility all day cctraderx: rate cut on 6/27 tomsurf: 6/27 was FOMC day Dirk-X: Long Buffy_04364: ditto dirk PoloEQ: filled@91. gravestonedoggie: rates 'only' cut 1/4 that day Buffy_04364: anyone notice how insides days don't work as well - can almost play the opposite of the way they break gravestonedoggie: this time yesterday, national semi was presenting at a confernece and announced that buisness was improving... buyers rushed in gravestonedoggie: acutally, around 2:15 dave_b_quick: lotta people afraid they'll miss the train tomsurf: Buffy- many times I think they just fake and trap before going in true direction dave_b_quick: ya, they fake me PoloEQ: seems like PoloEQ: lol tomsurf: well anyone who hasn't been faked out hasn't been around long, lol Buffy_04364: true guys Buffy_04364: that pyra has gone outside the channel but has not closes outside of it Dirk-X: Wish this timing was different...looking like gorgeous shorting opportunity, but I know there's excess demand right now so waiting..but...dang dave_b_quick: i thot maybe they just got together and said, "Hey, let's go take $100 outa dave's account." Buffy_04364: don't you guys love that little man that runs arund the box in the ad up top? Buffy_04364: he just has to go dave_b_quick: only $9.95... Buffy_04364: it is the crdit report one Buffy_04364: yep this weekend dave Buffy_04364: on the list Buffy_04364: played bridge last night and didn't even boot up when I got home PoloEQ: also i have a PnF break@95 Buffy_04364: no it has switched channels Buffy_04364: no =now Buffy_04364: lets see if works dave_b_quick: 2:30 Paltalk: Are banners a bummer and popups a pain? Cure your banner blues NOW for $9.95 a year! Click HELP on your Pal List then select Bannerless PalTalk to subscribe now! PoloEQ: 2:30? tomsurf: dave, if ya pay the 9.95 is this window smaller w/o the banner area? dave_b_quick: dono, i didn't fork over yet PoloEQ: oh ok tomsurf: lol, well do it for us and see LOL dave_b_quick: ask buffy on Monday Buffy_04364: yep will know by then Dirk-X: New rules for me: When it looks like short from 2:20 to 2:40...just stay on the sidelins...When looks a decent long or better, then trade it tomsurf: lol, OK Buffy PoloEQ: lol gravestonedoggie: are banners a bummer and popups a pain? Buffy_04364: sure are gravestonedoggie: hehe PoloEQ: ive seen it turn around in much heavier selling Buffy_04364: channel didn't hold Dirk-X: Also...a theory might be that if there's more buyers pretty much as a rule during this time period... Buffy_04364: or should say channel switch didn't hold Dirk-X: then when that buying dries up, and its looking overall bearish, then after 2:40, it should really take off downward Buffy_04364: anyone besides cheetah have icq ? dave_b_quick: no, should I? gravestonedoggie: down that path lies trying to figure what the buying or eslling forces are all the time... if price setups work, best ignore the rest Buffy_04364: just asking cause you can chat like in here on weekends with it or if room not available Buffy_04364: no truer words spoken gsd Buffy_04364: no posting though Dirk-X: Though, 9 and 15min both looking like good buying opportunities...REI, MACD dave_b_quick: anybody who wants to use this room after hours can have the admin code to open the room Buffy_04364: I teach bridge and discuss stock charts with people on it Buffy_04364: how nice of you dave Buffy_04364: hhope not hard to do dave_b_quick: no, real easy Buffy_04364: this is a triangle on 3m you know Buffy_04364: even on 3lb Buffy_04364: how about pnf polo Buffy_04364: brb PoloEQ: still in @91 Dirk-X: 2 consec. insides on the 15 cctraderx: thar she blow cctraderx: blow=blows cctraderx: just a little late today PoloEQ: anyone else holding PoloEQ: come on push through 95 already PoloEQ: out +2 Dirk-X: still think the big money will come to the downside PoloEQ: i will follow no matter where it is Dirk-X: Right...all depends on where this push gets up to Indycator: polo, is your first name marco? Buffy_04364: :-) Dirk-X: Lower minor high, followed by lower minor Low will be necessary for even thinking about a short PoloEQ: lol dave_b_quick: gotta go, have a great weekend all Buffy_04364: u 2! tomsurf: dave- you too ! have a good one! PoloEQ: take care cctraderx: dave - thanks, have a good one Indycator: see ya dave... gravestonedoggie: bye dave Dirk-X: Bye Dave Dirk-X: Rising wedge forming on small TF's Paltalk: Click banners to visit our sponsors. cctraderx: see it on 5m Dirk-X: Short Dirk-X: SL=95.5 Dirk-X: Looking for my trailer, here cctraderx: how many bedrooms is it? hehehehe Buffy_04364: :-) gravestonedoggie: think he looking for a double wide Dirk-X: Hopefully, Doublewide... cctraderx: all right....... Buffy_04364: time line coming up - 14x70 here - plenty for just me Dirk-X: Not liking that 3min doji though Buffy_04364: hammer and looks like another forming gravestonedoggie: hammer time PoloEQ: lol gravestonedoggie: or maybe jsut jerk around time Buffy_04364: you mean chop chop Buffy_04364: :-) cctraderx: :-) gravestonedoggie: hehe gravestonedoggie: chpper time gravestonedoggie: chopper gravestonedoggie: humor time gravestonedoggie: jimmer time - trade the bands cctraderx: agree on that one GSD cctraderx: where is jimmer? gravestonedoggie: dont know gravestonedoggie: dont think i have the nerve to do those band trades cctraderx: I watched them for a few days after he explained, they were still working cctraderx: haven't seen recently, last week or so gravestonedoggie: yes... in this kind of environemnt.. i dont like trading against the immediate trend on the cahrt much, or not too often anyway, and that is what you must do n badn trades - fade each run Dirk-X: Short again gravestonedoggie: he also maintaiend he used something like a 1/2 pt stop... dont know how you could pick it off so precisely as that PoloEQ: short@91.50 cctraderx: but only during chop times gravestonedoggie: yeah gravestonedoggie: hmmm nq does look a beter short than es cctraderx: not like the last couple of days where there's been definite trend gravestonedoggie: nq has more of a pttern right now gravestonedoggie: yes PoloEQ: notice the Dow gravestonedoggie: feels like it has been signifcant up day, yet dow down 40 and nasdaq cash up only 5 cctraderx: been winded for a couple of days gravestonedoggie: es 5 min chart looks like it has been building a top since 11 am gravestonedoggie: could always fakeout and go up, i guess gravestonedoggie: but dont look that way PoloEQ: Dirk im also looking for your trailer Dirk-X: SL+93.5 cctraderx: nq 5 looks like H&S? gravestonedoggie: yes, similar to es cctraderx: yes it does gravestonedoggie: watch it wait for the last 10 minutes to move PoloEQ: 9 min grindind down evr so slowly but orderly PoloEQ: 1 hand typing cctraderx: doing good for 1 hand PoloEQ: my secretary thinks so! PoloEQ: oh u mean typing! PoloEQ: LOL cheetah55: gotta go. have a good one all. Pit is said to be very quiet. All locals. gravestonedoggie: bye c tomsurf: well, that answers the question about the other hand cctraderx: see ya cheetah Buffy_04364: bye cheetah tomsurf: cheetah, take care and have a good one PoloEQ: Good Buys Cheetah PoloEQ: out +2 Paltalk: Love PalTalk but hate the banners and popups? Go bannerless! Only $9.95 per year! Click HELP on your Pal List then click 'Bannerless PalTalk'. gravestonedoggie: i suppose the other way to play this would be to trail a stop over each bar as market swings down and vice versa on up swing gravestonedoggie: easy to say in hindsight PoloEQ: Everyone please have a nice relaxing weekend we did good this week...BYE. gravestonedoggie: bye gravestonedoggie: maybe nice to try on simulator Buffy_04364: that is basically what 3lb does I think Buffy_04364: at least makes easy to spot swing high lows Buffy_04364: yes polo nice week gravestonedoggie: i c gravestonedoggie: these bars really overlapping now Buffy_04364: yep those bulls and bears are really fighting it out cctraderx: the ones that are left, hehehehe Buffy_04364: giggle Buffy_04364: well going over to other room for a bit - so bye all and see you Monday Buffy_04364: thanks to everyone for contributing to a successful week tomsurf: Buffy, have a good weekend cctraderx: c u next week rs_5: buffy, how many points do you risk per contract nq? rs_5: o...bye buffy, talk with you Monday Buffy_04364: depends on chart Buffy_04364: rs rs_5: sorry Buffy_04364: depends on with or against trend Buffy_04364: no problem Buffy_04364: I guess that last one on with or against trend is the main one I use Buffy_04364: tight if against little more room if with rs_5: it bounce around so much, wonder what a good stop is Buffy_04364: have an article on stops based on ATR that I will be looking at this weekend Buffy_04364: if you enter trade you have to be willing to risk other side of range it is in Buffy_04364: not something I am always will to do Buffy_04364: will wait for breakout and retest to climb aboard the train Buffy_04364: that help rs? rs_5: thanks gravestonedoggie: some please ring the bell Buffy_04364: ok till Monday all rs_5: yes, very helpful, maybe next week we can talk about it some more cctraderx: ding ding ding rs_5: Take care Buffy_04364: k gravestonedoggie: thnks cc cctraderx: U R welcome tomsurf: gonna take off too, have a great weekend all :-) gravestonedoggie: h&s has not broken.. market holding up into close gravestonedoggie: bye tom cctraderx: Since I was bored, looked at jimmer trading, hindsight says profitable, if wait on bars to reenter the band gravestonedoggie: i c cctraderx: didn't hit the band much today or last hr or 2 gravestonedoggie: mmm gravestonedoggie: this chart is jsut noise here cctraderx: 11 moves of 1 pt + and 2 stop outs of 1/2 pt cctraderx: that's hindsight cctraderx: from 245 to now gravestonedoggie: excellent hindsight at that cctraderx: I'd take those points gravestonedoggie: yeah cctraderx: bout as good of a track record as the 220 train except many times during an hour gravestonedoggie: true cctraderx: got one now - lets see gravestonedoggie: is tht using 20,2 bbands, or he ones he used (8,2, i think) cctraderx: 8,2 gravestonedoggie: ok gravestonedoggie: guess i should work up the courage to try it cctraderx: maybe watch it for a couple of days cctraderx: that live one good for 1 pt gravestonedoggie: i think 20, 2 would ven do on es gravestonedoggie: today cctraderx: hit the other side of band on top out of 1 pt cctraderx: so I guess he would sell and short cctraderx: and he would have been good for at least another .75 gravestonedoggie: bands narrowing now gravestonedoggie: i think he took profit before reached other side cctraderx: very much so cctraderx: maybe i'll watch for it next week if it doesn't go directional gravestonedoggie: hehe gravestonedoggie: just the time we get ready to do it, trend will break out Dirk-X: What TF is that cc? cctraderx: 1 min NQoos: goood trading to all cctraderx: es and bb set at 8 cctraderx: hits the band he fades or on reentry cctraderx: only during chop times cctraderx: sl of 0.5 gravestonedoggie: closing it toward high side of range cctraderx: want to make it look good for the week gravestonedoggie: the one at 3:36 is an example where must take profit fast cctraderx: yep cctraderx: set target and let it rip gravestonedoggie: yes, but high end close is reasonably construcitve... on a candle, too cctraderx: agree cctraderx: at least for monday morning, heheh gravestonedoggie: yeah.. market looks flimsy enough to go down, but it managed to hold gravestonedoggie: no real sellers gravestonedoggie: looked flimsy enough cctraderx: usu type cctraderx: dont have mic cctraderx: quite a few good nq and es trades gravestonedoggie: i dont ahve speakers plugged in either cctraderx: mutes in the room NQoos: glad you made$$$$ gravestonedoggie: $ a day keeps the collection agency away NQoos: rather look achart when trading than rread screen messages NQoos: have a great weekend all cctraderx: u too cctraderx: LOL - GSD Paltalk: Please support our sponsors by clicking on banners. gravestonedoggie: hehe.. let's hope cctraderx: need more than a $ cctraderx: need many points - still lol gravestonedoggie: yeah.. and this afternoon, was hard to get it gravestonedoggie: this was a waste cctraderx: I think buffy said it best, do the opposite this pm gravestonedoggie: until we master band trading gravestonedoggie: yeah cctraderx: yep gravestonedoggie: go fade yourself.. hehe gravestonedoggie: hate when they ssneak it up late gravestonedoggie: i dont know why choose the 8 bands over 20 gravestonedoggie: 8 seems to tight cctraderx: he just did, said he wantd it tight for CHOP cctraderx: back and forth, back and 4th gravestonedoggie: yeah cctraderx: remember he said it would kill you in a directional move - thats why tight stop gravestonedoggie: seems like 20 works and a bit better at catching extremes.... maybe will compare em over weekend gravestonedoggie: yeah.. stop is critical cctraderx: he said it was too wide - he was trying to get as many points an hour during chop gravestonedoggie: yeah, guess so cctraderx: remember he got 15 that afternoon and he called most of them gravestonedoggie: yeah.. wonder if he still doing it cctraderx: I'm like you - need to see it more cctraderx: but he was trying to get that $ a day to keep the collection agency away - lol gravestonedoggie: hehe gravestonedoggie: in the past when i have focused on real small swings in chop, i then end up with not much energy or trouble shifting focus when real trend breaks out ... which is when easier money can be had gravestonedoggie: so that is another consideration.. you muct be able to make that swithc cctraderx: agree cctraderx: easy money / trading last 2 or 3 days cctraderx: cept for this pm gravestonedoggie: of course, you can lose focus just watching it and doing nothing too cctraderx: then switch over cctraderx: that was his point gravestonedoggie: yeah... gravestonedoggie: well.. got to run gravestonedoggie: have a good weeekend cctraderx: U 2 cctraderx: later - have a good WE see ya next week rs_5: Have a good weekend all :) Paltalk: Press the INVITE button NOW! 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