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. 
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larrybf: anybody know why the nasdaq futures spiked  20 points at 8:30 am?
GGriz: report
GGriz: productivity up 2.5%
larrybf: thanks ggriz
(09:11 AM) dave_b_quick: Good morning, traders!
(09:11 AM) GGriz: k
(09:14 AM) larrybf:  i don't follow news because i don't get it real-time. anybody know a "cheap" realtime news source?
(09:16 AM) larrybf: dave- don't tell teresa lo this,but I think your site is much more valuable and informative for futures traders
(09:16 AM) ispec_Pete77: larrybf: There are several economic calanders avalable I am using T's this week
(09:17 AM) larrybf: Pete- is it "real-time" news?
(09:17 AM) dave_b_quick: thanks, Larry.  Teresa had a real good educational section on the old site that i hope she will transfer to the new site.
(09:18 AM) Orprepus: Good Morning!
(09:19 AM) dave_b_quick: i have some ideas for some more features i'd like to add to dacharts_dachart_dacharts_dachart.com, like trader profiles and articles
(09:19 AM) dave_b_quick: morning orp
(09:19 AM) larrybf: I subscribe to briefing.com but they are always at least 2 minutes later than bloomberg. A LIFETIME for futures momentum trading
(09:20 AM) larrybf: I hope so dave. your site and elitetrader.com are my two favorite trader websites
(09:21 AM) dave_b_quick: of course the ultimate news source is the price action: the news as interpreted by the market
(09:21 AM) ispec_Pete77: larry   No, just a chedule. I see that you are looking for actual news. I may try Teachtrade market update, this will probably include news as it affects the market.
(09:21 AM) dave_b_quick: wow, larry that's a tremendous compliment
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(09:22 AM) Orprepus: You da man Dave right after Howard for EW
(09:22 AM) Daniel X: morning everyone ..back in 15 min.
(09:22 AM) dave_b_quick: i've been following the teachtrade rt commentary, nice to get an "insiders" POV
(09:23 AM) larrybf: dave- i truly mean it. and i think 95% of trading websites are ripoffs. keep up the good work
(09:23 AM) dave_b_quick: thanks for the encouragement
(09:23 AM) larrybf: Pete. thanks i'll have to check it out.
(09:26 AM) hanksterr: Dave, what is your website address
(09:28 AM) dave_b_quick: www.dacharts_dachart_dacharts_dachart.com
(09:29 AM) hanksterr: really like what you are doing
(09:29 AM) dave_b_quick: thanks much
(09:29 AM) larrybf: totally agree
(09:31 AM) hanksterr: I am looking for a good online futures trading company.  Any suggestions. thanks.
(09:33 AM) dave_b_quick: i like interactivebrokers.com and a lot of people use pfgbest.com too
(09:41 AM) larrybf: hank i am a computer dummy. i find interactive brokers platform easy to use and it is FAST
(09:42 AM) larrybf: plus sometimes you get price improvement on limit orders
(09:43 AM) Daniel X: ok well 1701 was pivot point 1rst support
(09:47 AM) hanksterr: thanks for the help, I have PFGBEST now, but am in the process of disputing an order they said I placed that I didn't and it cost me a big loss to close the order.
(09:47 AM) hanksterr: Has anybody else had these kind of problems?
(09:47 AM) cheetah55: no problems with IB
(09:48 AM) hanksterr: looks like I am headed to IB
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(09:53 AM) Buffy_04364: that was interesting - anyone have a clue why I was in this room but not in this room?  Only showed about six of us.  closed it and came back in and everyone was here.  
(09:53 AM) dave_b_quick: i was wondering what happened to you, buffy, figured you must be in 90 minutes
(09:54 AM) Buffy_04364: no I was in the phantom room  LOL
(09:54 AM) Buffy_04364: even posted to it and wondered why no one was answering me LOL
(09:54 AM) dave_b_quick: stuck in the twilight zone
(09:54 AM) gravestonedoggie: they sent msg about an upgrade... which i guess ghosted that room
(09:54 AM) gravestonedoggie: i was in there a bit too
(09:54 AM) dave_b_quick: that happened to me before, and i finally figured it was because my cable provider refreshed my IP address
(09:55 AM) Buffy_04364: sure was clue card was it said 18 people in the room and I could see only six
(09:55 AM) gravestonedoggie: no, not today.. something they did with upgrade
(09:55 AM) Buffy_04364: ok will watch for it now
(09:55 AM) Buffy_04364: learn something new everyday
(09:56 AM) dave_b_quick: happened to me 3 times during one of mike's classes, and i missed a lot of the class
(09:56 AM) Buffy_04364: wow - never knew it was out there to happen until today
(09:56 AM) gravestonedoggie: i was in the ghsoted room and typed in there and it typed ok... but did not see anyone else type
(09:59 AM) Orprepus: I trade that way sometime - place an order and the market gets it
(09:59 AM) Orprepus: sometimes and sometimes not
(10:00 AM) gravestonedoggie: hehe
(10:12 AM) boomer_95: anyone trading?
(10:15 AM) Buffy_04364: nope just got the cats fed AC going and hopefully can start focusing on the market without interruptions
(10:19 AM) bobp_3: Hi folks....where can I find Howard Arrington; I don't see his Ensignsoftware group....?
(10:20 AM) Buffy_04364: it is the group ensign windows users
(10:20 AM) bobp_3: Thanks, buffy....will try there...
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(10:22 AM) Buffy_04364: time line on pyra - ordered the book
(10:23 AM) Orprepus: see it - still think we will maintain down channel
(10:24 AM) Buffy_04364: posted - we are out of down channel on 4M
(10:24 AM) Buffy_04364: now following up diagonal
(10:26 AM) Buffy_04364: can't wait until Howard has upgrade ready to enable you to post too
(10:26 AM) Orprepus: watching 60M - trying to see down trend will continue
(10:27 AM) Buffy_04364: let us know
(10:27 AM) Orprepus: will do
(10:28 AM) Orprepus: could be one of those low high low days if it can close the gap
(10:29 AM) Orprepus: "A"  shaped chart
(10:29 AM) Buffy_04364: need sto get through 10.50
(10:30 AM) gravestonedoggie: es r at globex hi
(10:36 AM) gravestonedoggie: now what?
(10:36 AM) gravestonedoggie: es globex hi goes and nq fills gap
(10:36 AM) Buffy_04364: close above 1715 would be nice
(10:38 AM) gravestonedoggie: kind of spikey action there
(10:40 AM) Buffy_04364: sure was - also tested high of yesterday afternoon - nq
(10:41 AM) gravestonedoggie: yes.. possibly dip under yest range early today was trap
(10:42 AM) gravestonedoggie: on nq
(10:42 AM) Buffy_04364: time will tell GSD
(10:42 AM) gravestonedoggie: at least, 15 min cahrt has tht look
(10:44 AM) gravestonedoggie: gloom was very thick in the 90min room yesterday
(10:45 AM) dave_b_quick: y'mean 'cuz there was no directional move to ride?
(10:45 AM) gravestonedoggie: they were practically salivating over how much worse things could get
(10:46 AM) gravestonedoggie: since psychology is a mob thing, that means probably awful lot of shorts around
(10:47 AM) ab_18: consumer confidence is better 6 months out than now.  Good sign
(10:47 AM) ppusa: Today's 1690 potentially low for week. Gapped down yesterday to put in the low, now up.
(10:47 AM) cctraderx: well you did have glen in there
(10:50 AM) Buffy_04364: shall we go for the third leg up and see if there is a 4 and 5?
(10:50 AM) ppusa: looking for a short here. have a couple charts overextended. anyone have some feedback
(10:51 AM) Buffy_04364: very seldom on two legs up but it does happen
(10:51 AM) ab_18: es @ 1212 maybe resistance for now
(10:51 AM) Buffy_04364: would be against the trend but you are good at that :-)
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(10:52 AM) ppusa: buffy two legs up - what TF?
(10:53 AM) Buffy_04364: 60T  75T 3M
(10:53 AM) cctraderx: looks like 3 on es 5 min
(10:54 AM) gravestonedoggie: overextended yes.. but thing trapped shorts really feeling it
(10:54 AM) Buffy_04364: posted 75T
(10:54 AM) gravestonedoggie: think
(10:54 AM) Buffy_04364: I only talk about nq
(10:54 AM) Buffy_04364: sorry
(10:54 AM) cctraderx: np
(10:55 AM) Buffy_04364: didn't make higher high
(10:55 AM) ppusa: yester's high 28.5 so I am waiting.
(10:55 AM) Buffy_04364: tks ppusa
(10:55 AM) gravestonedoggie: both es and nq still have the unfilled gap from yest above
(10:56 AM) ppusa: if i miss it so what
(10:56 AM) ab_18: es and dow just under yesterdays high with nq there
(10:56 AM) Daniel X: ok im back... just not in it this morning
(10:56 AM) Buffy_04364: agree better to be around tomorrow  :-)
(10:56 AM) gravestonedoggie: yes, so yest hi 1st R
(10:56 AM) Daniel X: hey Buffy how u doing?
(10:57 AM) Buffy_04364: doing good
(10:57 AM) Daniel X: good
(10:57 AM) Buffy_04364: sideways instead of pullback is a good thing isn't it guys?
(10:57 AM) Daniel X: yah sure
(10:57 AM) ab_18: yyy
(10:57 AM) ppusa: we hit overhead resistance and are overextended but realistically should fill gap.
(10:57 AM) gravestonedoggie: seems reasonable
(10:58 AM) Daniel X: ppusa ...looking for a short?
(10:58 AM) Buffy_04364: 21 might be right for it
(10:58 AM) gravestonedoggie: let see what this pullback lookslike
(10:58 AM) ppusa: yes
(10:58 AM) Daniel X: ok thnx
(10:59 AM) Buffy_04364: plse remembere I said MIGHT
(10:59 AM) ppusa: but i think i missed it 
(10:59 AM) gravestonedoggie: the tape has turned pretty decent
(10:59 AM) Daniel X: well on the flip side..23 is suppose to be a break out # on PnF
(11:00 AM) Buffy_04364: tks daniel
(11:00 AM) ppusa: if i don't get the high oh this one (a scalp) I won't chase it. Too much exposure.
(11:00 AM) gravestonedoggie: danile, think idea is might see it rest a bit on 1st try at yest hi
(11:00 AM) Daniel X: 1740 is the Pivot Point
(11:01 AM) Daniel X: so we're all waiting
(11:01 AM) gravestonedoggie: persoanlly, i'm leery of the trapped shorts
(11:01 AM) Buffy_04364: I am too 
(11:01 AM) cctraderx: thinking that it will go up?
(11:01 AM) Daniel X: ditto
(11:02 AM) Buffy_04364: that is why I gave it the room of 21 before even thinking about a short
(11:02 AM) Buffy_04364: still going sideways on smaller tf
(11:02 AM) dave_b_quick: nice inside bar on 9m
(11:02 AM) Buffy_04364: 22 is holding 5 times now
(11:02 AM) Buffy_04364: yes it is dave
(11:04 AM) Orprepus: tough to short with yesterday's high so close to be taken out 
(11:04 AM) Buffy_04364: whoops can't count - 4 times
(11:04 AM) gravestonedoggie: also in uptrend on 3 and 5 min, etc
(11:05 AM) Buffy_04364: ma are flat in 75T
(11:05 AM) Buffy_04364: wonder which way this is winding up for
(11:05 AM) Buffy_04364: anyone have a crystal ball :-)
(11:06 AM) Buffy_04364: time line coming up on pyra
(11:06 AM) dave_b_quick: otta be good for at least a stop run to the upside
(11:06 AM) ppusa: i think there is a good possibility the high of the month is in. The nas would look so good on a monthly chart if the low this month was lower than previous. (Even if we didn't make a new yearly low.)  Afterwards,  maybe we could come back and take out the high, whatever. Fundamentally, there is still no support for stocks and people arestill  buying on future expectations.high
(11:06 AM) Daniel X: i do ...but it only works when i come out of a trade too early
(11:06 AM) Daniel X: lol
(11:07 AM) Daniel X: crystal ball that is
(11:07 AM) Buffy_04364: gee you too daniel
(11:07 AM) Daniel X: yes lol
(11:08 AM) Orprepus: use the force trader - trust in the trade - got make one to trust it it - self talk going on
(11:08 AM) ppusa: Because of this, I am overall bearish. I do have one P & F chart that says we could hit 1800 which might change  things
(11:09 AM) ppusa: So ... if the high of the week is in which doesn't seem likely, then this market is in trouble.
(11:09 AM) ppusa: Some guy on CNBC this morning was calling for a crash
(11:10 AM) gravestonedoggie: trend looks to be up, so will will look for long side setups... until shown otherwise
(11:10 AM) Buffy_04364: trend is your friend
(11:10 AM) ppusa: I want answeers. I/m going to call Radio Shack.
(11:10 AM) dave_b_quick: i'm working a BS off 5m and 9m
(11:11 AM) gravestonedoggie: hehe
(11:11 AM) gravestonedoggie: wonder if there will a midday chop
(11:11 AM) Daniel X: it
(11:11 AM) Daniel X: already begun
(11:11 AM) Daniel X: lol
(11:12 AM) Buffy_04364: LOL does look it doesn't it
(11:12 AM) Buffy_04364: nice dave
(11:12 AM) dave_b_quick: ya, borselino said the big locals already took off for the day
(11:13 AM) Daniel X: thnx Dave
(11:13 AM) Daniel X: ppusa?
(11:13 AM) Daniel X: Radio Shack
(11:14 AM) Daniel X: i must have missed something
(11:14 AM) ppusa: Their ad says you got questions, we have answers
(11:14 AM) Daniel X: jingle ..gotcha..giggle
(11:14 AM) 4nq: howdy all
(11:15 AM) cctraderx: hi 4nq
(11:15 AM) Daniel X: $Nq what brings you in this AM?!!
(11:15 AM) gravestonedoggie: their stock dumped big yest
(11:15 AM) 4nq: u people hear any reason for the pop??
(11:15 AM) Orprepus: welcome nq - ya trading
(11:15 AM) Orprepus: sun spots i hear
(11:15 AM) 4nq: Daniel, i would like some of your money!!!lol
(11:16 AM) Daniel X: lol
(11:16 AM) gravestonedoggie: hehe
(11:16 AM) 4nq: Op,attempting to
(11:17 AM) ppusa: that pullback to 19.5 hit an uptrending ma (support). My P&F's are looking for a 15 point drop from whatever high we ddrop from. Waiting for ma's to flatten out and i will short (hopefully higher).
(11:18 AM) ppusa: 4nq did you fix your nq daily. I have a suggestion?
(11:18 AM) ab_18: 4nq:  you trade soybeans?  Is there a turn tomorrow?
(11:18 AM) 4nq: llet me hear it ,pp
(11:19 AM) Buffy_04364: did not make a higher high
(11:19 AM) bigrexxx: record short interest on nyse & nasdaq issues likely cause of bounce- 60 min sto's had been on bottom rail awhile also
(11:20 AM) bigrexxx: dow held 50% of latest range- got a 70 pop off that
(11:20 AM) 4nq: 18, looks like beans buy was yesterday
(11:20 AM) 4nq: i am flat
(11:21 AM) ppusa: 4nq - set-up   computer   change future update time to before the evening session. I set mine to 13:35 pst
(11:21 AM) ab_18: right, but cover tomorrow?
(11:21 AM) bigrexxx: dow bounced of a 62% number at lod also
(11:21 AM) 4nq: that's what i have now ,pp
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(11:23 AM) Buffy_04364: higher low though
(11:23 AM) Buffy_04364: hmmm doesn't know what it wants to do
(11:23 AM) ab_18: 4nq: reason I ask b/c bns and stks usually invert for some reason
(11:24 AM) 4nq: is there a way to change font in here?
(11:24 AM) 4nq: or space lines wider?
(11:24 AM) Buffy_04364: not that we have been able to find
(11:25 AM) 4nq: thx
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.
(11:29 AM) ppusa: if the hod is in and we sell off, the markets could end up in serious trouble.
(11:30 AM) ppusa: nothing like straight up last week, straight down this week
(11:30 AM) 4nq: they should be  imo
(11:32 AM) Buffy_04364: could be bull flag on 3M
(11:32 AM) Buffy_04364: so far
(11:32 AM) gravestonedoggie: yes... 
(11:32 AM) ppusa: yes
(11:33 AM) Orprepus: I agree - I view last week as just the continuation of putting another step in the down escalator
(11:34 AM) ab_18: like the long side here for a moment
(11:34 AM) ppusa: Buffy, you said you counted 2 legs up on 3M. Then this retracement was to base of 2nd leg. Yes?
(11:35 AM) 4nq: my take is that crazy consumer will FINALLY realize the endless spending is a daeth trap when he/she sees neighbor lose job, he loses job, mortage payments r late,etc..........and the anal-ists will stop calling bottoms
(11:35 AM) Buffy_04364: not quite but close
(11:35 AM) ppusa: got it
(11:35 AM) ab_18: let's see if we get one more fake out
(11:35 AM) 4nq: there r no fake outs
(11:35 AM) 4nq: hehe
(11:36 AM) Buffy_04364: I see what you are saying ppusa and yes it is to where the second leg started
(11:36 AM) ab_18: base base base
(11:36 AM) Buffy_04364: just a little slow here
(11:36 AM) Buffy_04364: :-)
(11:39 AM) 4nq: good fortune to all...........cya later
(11:39 AM) Buffy_04364: bye
(11:39 AM) Buffy_04364: only 5 bar retracement on the 9M
(11:39 AM) dave_b_quick: thanks 4nq
(11:39 AM) Buffy_04364: last one forming now
(11:40 AM) ppusa: ok buff, then I now know what you mean by 2 legs.
(11:40 AM) dave_b_quick: volume is dismal
(11:40 AM) gravestonedoggie: not a market for the instant gratification crowd
(11:40 AM) Buffy_04364: what would be your termonology ppusa
(11:40 AM) ppusa: same
(11:40 AM) Buffy_04364: k
(11:41 AM) ab_18: trend is our friend ...la  la  la   just wait
(11:41 AM) gravestonedoggie: two legged thing with feathers
(11:41 AM) dave_b_quick: ya, like wake me up in september
(11:41 AM) Buffy_04364: LOL
(11:41 AM) gravestonedoggie: if this is my friend, i dont need enemies
(11:41 AM) Buffy_04364: LOL
(11:41 AM) Buffy_04364: LOL
(11:42 AM) Buffy_04364: I like that one GSD
(11:42 AM) Orprepus: dave or october
(11:42 AM) gravestonedoggie: hehe.. if we try hard, maybe it will mvoe
(11:42 AM) ab_18: look @ 5 min cash for  8:45  trend is up
(11:43 AM) gravestonedoggie: 1/2 pt on es looked like a big bar :-(
(11:44 AM) Buffy_04364: posting the 3M flag chart
(11:44 AM) ab_18: thks
(11:45 AM) Buffy_04364: not sure the lines are exact but the idea is there
(11:45 AM) Orprepus: SOX  divergent - moneymoney where is the money going today - anticipation of CSCO and INTC - quick call Meekers at 1-880 Buy- Semi
(11:46 AM) Buffy_04364: yeah csco and intc has to be hanging over this market to some extent
(11:47 AM) Buffy_04364: wasn't it just a few weeks ago that the box makers were stocking up on chips cause they thought prices were going to go up and now intc is cutting them
(11:47 AM) Buffy_04364: that might have ramifications
(11:47 AM) gravestonedoggie: this worse than yesterday
(11:48 AM) Orprepus: Out of computer companies Dell is the only one thta has a buy recommendation by the dead fish gang
(11:48 AM) dave_b_quick: i was just reading that in the 92 recession the fed kept lowering interest rates 'til they got down to 3%
(11:49 AM) gravestonedoggie: the bid and the asked dont even change
(11:49 AM) dave_b_quick: nobody bidding or asking
(11:49 AM) Indycator: gsd, don't bother asking the bid
(11:49 AM) Buffy_04364: patience GSD it will - sometime.....
(11:49 AM) gravestonedoggie: hehe
(11:49 AM) Orprepus: Intc prices wars because AMD has taken huge market share with support  of SDRAM for their high CPU - Intel had to use the costly RAMBUS
(11:49 AM) dave_b_quick: anybody ever trade oat futures?
(11:50 AM) Indycator: no, you?
(11:50 AM) ppusa: Based on CNBC's news stories, I think Intel manipulates their company too much. Don't trust them
(11:50 AM) dave_b_quick: it's kinda like this
(11:50 AM) ab_18: or orange juice or .umber
(11:50 AM) Buffy_04364: amd is a good chip for RT stuff from what I hear and number crunching goes to the intel chip
(11:50 AM) Indycator: yeah, lumber is fun
(11:50 AM) ppusa: How about unleaded gas?
(11:51 AM) Indycator: I have traded palladium years aog
(11:51 AM) Indycator: talk about thin
(11:51 AM) Daniel X: today is" better" than yesterday we had a 20.5 point range today so far 35 points so almost 2x better!LOL
(11:51 AM) Buffy_04364: lol
(11:51 AM) Buffy_04364: sure doesn't seem it
(11:51 AM) ab_18: and forget pork bellies
(11:51 AM) Limit1x: 5 min nq bear flag
(11:51 AM) Buffy_04364: just  as slow
(11:51 AM) Indycator: pork bellies darn near 100
(11:52 AM) ab_18: stay with the oats thread
(11:52 AM) Daniel X: was out in Toronto yesterday ..i missed nothing
(11:52 AM) Indycator: bacon getting expensive
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(11:52 AM) Buffy_04364: just posted chart again - which rules - the flag or the TL???
(11:52 AM) ppusa: My P&F says the 15 point drop should occur from a price close to today's high. Which means we probably missed it.
(11:52 AM) Buffy_04364: I don't think I have had lines up before if this has happened
(11:53 AM) Buffy_04364: gee I am happy with 5pts  LOL
(11:53 AM) cctraderx: lol
(11:54 AM) ab_18: stoch still headed down maybe turn up little after the hour
(11:54 AM) Daniel X: just might have to double the contracts
(11:54 AM) ppusa: Well, Buffy, without OP trades, I feel the risk reward isn't there and long term you will lose.
(11:55 AM) Buffy_04364: ok tks
(11:55 AM) Daniel X: open pit?
(11:56 AM) ppusa: I was wondering when someone would ask?
(11:56 AM) Daniel X: lol
(11:56 AM) Buffy_04364: Mike used that term a couple of times
(11:56 AM) ppusa: OP trades are longer term, higher reward trades named after Orprepus.
(11:57 AM) gravestonedoggie: hehe
(11:57 AM) Daniel X: gotcha
(11:57 AM) Daniel X: back in 15 mins
(11:57 AM) ppusa: 15 minute chart looks like base of flag
(11:58 AM) ab_18: if you trade SOMP  seat of my pants   then SIT TIGHT should be first sensation
(11:58 AM) ppusa: maybe rally will ensue from here.
(11:58 AM) ab_18: looking better
(11:59 AM) ppusa: yep
(11:59 AM) gravestonedoggie: or maybe jsut catatonia
(12:00 PM) Orprepus: thanks for the note about LT trades
(12:00 PM) gravestonedoggie: downside headfake there
(12:00 PM) ppusa: i am not buying but looks good now. I may buy if we get the 15 point pullback.
(12:02 PM) ab_18: see 5min cash putting in higher low?
(12:03 PM) ali al-shamsi: eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
(12:03 PM) ab_18: nq needs to put in higher low to be safer
(12:03 PM) ali al-shamsi: eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
(12:03 PM) ali al-shamsi: ffffffffffffffffffffffffffffffffffffffffffffffffgggggggggggggggggggggggggggfffffffffffffffffffffffffffffffffffffffgggggggggggggggggggggfffffffffffffffffffffffffffffffffffggggggggggggggggggggggggggggggfffffffffffffffffffffffffggggggggggggggggggfffffffffffffffffffffffffffffffffffgggggggggggggggggggggggffffffffffffffffffffffffffgggggggggggggg
(12:04 PM) gravestonedoggie: who has the hammer?
(12:04 PM) gravestonedoggie: looks like dave only
(12:05 PM) cheetah55: `hold on
(12:05 PM) cheetah55: just got back
(12:05 PM) Orprepus: no no H is after G
(12:05 PM) cheetah55: don't tick me off
(12:05 PM) gravestonedoggie: i think he left
(12:05 PM) gravestonedoggie: hehe
(12:05 PM) Limit1x: did he she say long or short? lol
(12:06 PM) cheetah55: I show him still here
(12:06 PM) gravestonedoggie: hehe
(12:06 PM) gravestonedoggie: a little frustration maybe
(12:06 PM) ppusa: too funny
(12:06 PM) gravestonedoggie: get him then
(12:06 PM) gravestonedoggie: thnx
(12:07 PM) Indycator: was that some encrypted code for us traders?   like the beatles white album?
(12:07 PM) gravestonedoggie: hehe
(12:07 PM) gravestonedoggie: read it backwards
(12:07 PM) Indycator: lol
(12:08 PM) gravestonedoggie: i think it says"nasdaq is dead backwards
(12:08 PM) ppusa: now that's funny!!!!
(12:09 PM) Buffy_04364: gee a little excitement while I got a coffee  :-)
(12:09 PM) gravestonedoggie: in a language not immediatly apparent to me
(12:09 PM) Buffy_04364: nor me  
(12:09 PM) dave_b_quick: not safe from cyber-terrorism anywhere
(12:09 PM) Indycator: buffy, the great ali stopped in and gave us some guidance....he must be an analyst
(12:10 PM) ab_18: ANALyst
(12:10 PM) ppusa: anal  yst
(12:10 PM) cheetah55: some kind of worm
(12:10 PM) Indycator: everything is now very clear to me
(12:10 PM) Buffy_04364: gee, he isn't any different from all the others
(12:10 PM) Buffy_04364: LOL
(12:10 PM) Buffy_04364: nice indy
(12:10 PM) Indycator: oh, so you think he made no sense?   :)
(12:10 PM) Buffy_04364: LOL
(12:11 PM) Indycator: what concerns me is that gsd seemed to understand him
(12:11 PM) ppusa: oh please stop, I'm in tears
(12:11 PM) Buffy_04364: ditto
(12:12 PM) ab_18: if 1717 is a sell going down maybe a buy coming up
(12:12 PM) dave_b_quick: i was distracted with another project and didn't notice the intrusion 'til after he left.
(12:12 PM) ppusa: dbl btm on 15 min
(12:12 PM) Buffy_04364: 1717 would be a test of last swing log\w
(12:12 PM) gravestonedoggie: lol
(12:12 PM) dave_b_quick: cheetah isn't wielding his hammer today
(12:13 PM) gravestonedoggie: cheetah time
(12:13 PM) Indycator: heck, we needed an anvil for that guy
(12:13 PM) gravestonedoggie: or a decoder ring
(12:14 PM) Buffy_04364: still in that flag!
(12:14 PM) gravestonedoggie: about as much pattern in what he wrote as in the 1 min chart
(12:15 PM) Indycator: gsd, do you consider the ES 5M chart to be a spike and ledge pattern?
(12:16 PM) gravestonedoggie: that is a real possibility...
(12:16 PM) Indycator: that could fake a few people out of their sleep
(12:16 PM) gravestonedoggie: would normally think not, since coming out of a sell-off like taht
(12:16 PM) gravestonedoggie: but wehn a flag, like buffy is describing, takes so long... wonder if it may fail
(12:17 PM) gravestonedoggie: speaking of the devil
(12:17 PM) sp-leo: good buying opportunity maybe
(12:18 PM) gravestonedoggie: limit suggested this is a bear flag
(12:18 PM) Buffy_04364: well just went below MA on 3M
(12:18 PM) gravestonedoggie: quite awhile back
(12:18 PM) gravestonedoggie: which is same thing you saying, indy.. basically a stealth flag
(12:18 PM) Indycator: yeah,  either good buying opportunity or good bye
(12:18 PM) cheetah55: long es here
(12:18 PM) sp-leo: looks like a bear trap
(12:19 PM) sp-leo: shake out a few longs and then up.  i'm buying 06
(12:19 PM) Buffy_04364: the trend was up when this flag started doesn't that make it a bull flag?
(12:19 PM) sp-leo: but you know how opinions are
(12:20 PM) cctraderx: y buffy
(12:20 PM) cctraderx: at least my understanding
(12:20 PM) Buffy_04364: k
(12:20 PM) Buffy_04364: thought I was losing it
(12:21 PM) Buffy_04364: :-)
(12:21 PM) cheetah55: out -.25   
(12:21 PM) gravestonedoggie: yes, buffy... 
(12:21 PM) cheetah55: Missed this morning.  Think I will wait until later today.  This is sloooooooooooowwwwwwww.
(12:22 PM) Indycator: buffy, maybe limit was referring to the ES which looks different than nq....don't know
(12:22 PM) Orprepus: seems SOX is finally sucingk the life out of the NASDAQ
(12:22 PM) Buffy_04364: ahhh, of course
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(12:22 PM) gravestonedoggie: but in some smaller timeframe if you see a move down and then sidewya, in that timeframe can be downtrend and bear flag
(12:23 PM) Indycator: timeframe makes a big difference....moment of truth for the ES now
(12:23 PM) gravestonedoggie: just as in 45 min time frame, the morning move up might be part of a bear flag
(12:23 PM) gravestonedoggie: but basically, i agree with you buffym, that looked like a bull flag
(12:23 PM) gravestonedoggie: that was my take, anyway
(12:23 PM) Indycator: exactly, gsd,  45M bounced up to resistance and that is it so far
(12:23 PM) ab_18: failed signal is the strongest signal
(12:24 PM) gravestonedoggie: true
(12:25 PM) ppusa: My P&F said we would fail. That rally stopped dead at the one hour 50 bar ma. We all were just nervous about yesterday's high.
(12:25 PM) gravestonedoggie: i think we reamin in a trading range on almost any larger tf chart.. so flags get trickier in a range
(12:25 PM) Orprepus: tick goes negative for first time in 2 hours
(12:25 PM) ppusa: No big deal. Where's the next trade.
(12:25 PM) Buffy_04364: tks O
(12:26 PM) Buffy_04364: now testing first high of the day
(12:26 PM) ppusa: Hey OP, I too had looked at the sox. Look out below!!!
(12:26 PM) gravestonedoggie: yeah, next trade
(12:27 PM) Orprepus: yes 600 SOX critical for bull side
(12:27 PM) Limit1x: this is slow, it took 35 min to go 10 points on that bear flag.
(12:27 PM) Buffy_04364: I take it it didn't hold that?
(12:27 PM) ppusa: I don't like the way it is approaching the moving average. Looks like it will drop right thru and that's powerfull.
(12:28 PM) Indycator: limit, you looking at nq or es?  or both?
(12:28 PM) Limit1x: nq
(12:29 PM) Buffy_04364: posted final 3M chart with the results of the bull flag
(12:29 PM) Buffy_04364: if anyone was following it
(12:30 PM) ppusa: We all were Buffy. Thank you 
(12:30 PM) ab_18: nq and es broke 11:30 sup but...but dow holding
(12:31 PM) Buffy_04364: now maybe for a test of the backside of that flag?
(12:31 PM) ab_18: Would rather kiss the "clothesline " than get my neck caught on it
(12:32 PM) ppusa: I have a P&F that says 22.5 point pullback and we are back to the ma's
(12:32 PM) Buffy_04364: giggle
(12:32 PM) ppusa: translation, maybe the HOD is in
(12:33 PM) Buffy_04364: test of high of first 3m now
(12:33 PM) Buffy_04364: hmm bar should be in there sorry
(12:34 PM) ab_18: turn "little after the hour"  was a 12:03 high
(12:35 PM) Buffy_04364: does anyone use 60T charts for stops?
(12:36 PM) Orprepus: not me 
(12:36 PM) ppusa: Everyday there are 2 or 3 OP trades. today they were buying this morning and selling the high. I missed both and don't think we will see another.
(12:36 PM) Limit1x: what is OP?
(12:37 PM) Buffy_04364: open pit
(12:37 PM) Limit1x: thanks, what does that mean?
(12:37 PM) ppusa: I bet OP shorted the high...Op, did you?
(12:38 PM) Orprepus: yes right after first down bar on 2m BB spike
(12:38 PM) ppusa: OP means long term, High reward
(12:39 PM) ppusa: Cheetah, give him the boot!!!
(12:39 PM) Orprepus: got out for 3 pts when  lost signal and had to reboot twice
(12:40 PM) Buffy_04364: that must of been scarey
(12:40 PM) Buffy_04364: hate it when it happens
(12:40 PM) ppusa: what is BB
(12:40 PM) Orprepus: no data call the pits to get out
(12:40 PM) gravestonedoggie: boll band
(12:40 PM) Buffy_04364: bolinger band
(12:41 PM) Orprepus: yes bollinger Bands - this like yesterday slow grinding - wasy to trade on short TF
(12:41 PM) ppusa: was that around 1724?
(12:43 PM) Orprepus: yes 1723 entry
(12:43 PM) Buffy_04364: nice O
(12:44 PM) ppusa: I was hesitant on that trade because i shorted after report a little early and got nipped.
(12:44 PM) ppusa: This morning early
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(12:47 PM) gravestonedoggie: yeah.. have to stand in front of trend on that kind of setup
(12:47 PM) ppusa: You da man. (or woman)
(12:47 PM) Orprepus: waited for pull back into envelope before entry - was running the upper rail from 171050
(12:47 PM) gravestonedoggie: hehe
(12:48 PM) Orprepus: thanks pp - man would do fine
(12:48 PM) ab_18: manners
(12:48 PM) Buffy_04364: that last flag didn't take as much patience as the first one
(12:48 PM) Daniel X: 1701 1rst sup
(12:49 PM) gravestonedoggie: i see Op, very nice, thnx... 
(12:49 PM) Orprepus: now running lower rail on BB
(12:50 PM) gravestonedoggie: right.. think temple willianms used that term sometimes
(12:50 PM) gravestonedoggie: or is that just common term?
(12:50 PM) Limit1x:  nq a/d ratio still dropping
(12:51 PM) Buffy_04364: pyra hitting a time line
(12:52 PM) ppusa: My P&F says if we break low, probability get significant drop before support. Won't be just by a couple ticks
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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.
(12:54 PM) ppusa: probable chop until close
(12:54 PM) cheetah55: .
(12:54 PM) gravestonedoggie: i c .. thnx
(12:56 PM) Daniel X: well if we break 1701 support ..i have 1660 as a target being 2ndSup
(12:56 PM) Buffy_04364: inside bar on 5M
(12:57 PM) Buffy_04364: that is a ways away
(12:57 PM) Buffy_04364: pyra 1690
(12:57 PM) Orprepus: inside bar also DB
(12:57 PM) Orprepus: oops broekn
(12:58 PM) Orprepus: broekn = broken
(01:01 PM) ppusa: i hope no one is losing money in this room. The majority of these trades have been easy to see. Someone could have bot the flag but I said no and it's not like anyone else was saying jump in. I hope everyone was watching.
(01:02 PM) Buffy_04364: It is each ones responsibility to make their own decisions for a trade or not.  Everyone more than welcome to ask our opinions on one but in the end we each decide for ourselves
(01:02 PM) Buffy_04364: guess what I am trying to say is no one needs the added pressure of anyone thinking they are calling trades  :-)
(01:03 PM) gravestonedoggie: if marjority of trades were easy to see, everyone would be trading and making big $
(01:03 PM) dave_b_quick: "there is risk in trading futures"
(01:03 PM) Orprepus: your right  Buffy & Dave
(01:03 PM) gravestonedoggie: futures a zero sum game... so not quite so easy
(01:03 PM) ppusa: True, but i would like to think we are all doing ok
(01:03 PM) ab_18: life is a "box of chocolates"  take the next trade
(01:04 PM) Buffy_04364: I don't call mine anymore becaue I got an email saying I never said I got out - they were following my calls - I think I got interrupted by a phone call or something
(01:04 PM) gravestonedoggie: yes... always make me uncomfortbale though when folks say trading easy
(01:04 PM) Buffy_04364: I would hope we are all doing ok also
(01:04 PM) gravestonedoggie: because it creates misimpression for beginners
(01:05 PM) Buffy_04364: everyone who uses ensign being able to post their charts will make asking questions a lot easier along with being able to see what others are talking about
(01:05 PM) Buffy_04364: it sure does GSD
(01:06 PM) Buffy_04364: so I keep mine to general terms now and post charts - if anyone was wondering why you now know  :-)
(01:07 PM) gravestonedoggie: i may have missed the origianl point, though.. sorry if i did
(01:07 PM) dave_b_quick: i posted a disclaimer at dacharts_dachart_dacharts_dachart.com (CJ's idea)
(01:07 PM) Buffy_04364: good one too
(01:07 PM) Buffy_04364: GSD - at one point I was typing my trades
(01:07 PM) larrybf: glad to see that i am not the only person who thinks trading is hard.. i Love trading but whenever i think i "know" how to do it i get kicked in the butt
(01:07 PM) Buffy_04364: email reason why I don't anymore
(01:08 PM) Buffy_04364: keeps us humble and hard working larry  :-)
(01:08 PM) larrybf: true buffy
(01:08 PM) Buffy_04364: you aren't the only one it happens to trust me
(01:08 PM) larrybf: i forget every monday though
(01:09 PM) Buffy_04364: LOL
(01:09 PM) Buffy_04364: LOL
(01:09 PM) Buffy_04364: good one larry
(01:10 PM) Orprepus: as with anything that you want to be succesful in you have to work hard
(01:10 PM) Buffy_04364: trying to reverse here?
(01:10 PM) ppusa: There was someone upset last week. I had said I would not go short. I brought all this up because of that. 
(01:11 PM) ppusa: As far as "easy", I think the good trades are. It's the patience that sucks.
(01:11 PM) Buffy_04364: so true
(01:11 PM) Buffy_04364: well, we aren't always going to agree on the trades - if we do back the truck up and hmmm should we take the trade the other way than we all think?  LOL
(01:13 PM) ppusa: Many times it just depends on the exit. Last week I was selling when you were buying and we both made $
(01:13 PM) gravestonedoggie: ok, gotcha
(01:14 PM) ppusa: by the way, we are oversold
(01:14 PM) ppusa: but i am not buying
(01:15 PM) ppusa: We have 9 down bars on the 15 min
(01:16 PM) ppusa: that just changed
(01:16 PM) Orprepus: bounce to ema and back down?
(01:17 PM) ab_18: high of the low taken out...higher lows...looking at last reaction high
(01:17 PM) ab_18: noise..maybe nothing
(01:19 PM) ab_18: But I like higher than low close
(01:19 PM) ab_18: That is signal bar
(01:19 PM) sp-leo: dumped long 06 @ even.  
(01:20 PM) sp-leo: 45 min is to long to be wrong
(01:20 PM) gravestonedoggie: better movement today overall
(01:21 PM) ppusa: OP yea, but i don't know where after bounce. no charts say we are due for anything more either way
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(01:25 PM) Orprepus: resistance on intraday top TL & EMA 5m, 9m 15m - pickem - should track down or just chop out until bond close and than drop
(01:26 PM) Orprepus: drop to close - but not much
(01:27 PM) Orprepus: buffy here's where I could use that posting a chart feature
(01:27 PM) Buffy_04364: yes it is
(01:27 PM) Buffy_04364: coming soon
(01:27 PM) Buffy_04364: going to take a break now
(01:27 PM) Orprepus: like the idea of what I see I can show you and vis versa
(01:28 PM) Orprepus: see ya
(01:30 PM) ppusa: op you are pretty bearish
(01:30 PM) dave_b_quick: that will be great to see yr charts, orp
(01:31 PM) ppusa: I would like to be but more 50-50
(01:32 PM) ppusa: Question regarding BB - Do you wait for BB to spike before looking for something?
(01:33 PM) Orprepus: short term trend last two day down, interm trend mixed lst 5- 6 days and long term trend 3-4 weeks down  - never like trading against the trend
(01:34 PM) Orprepus: wait for spike and than pull back into envelope
(01:34 PM) Orprepus: for BB
(01:34 PM) ppusa: think i understand. Added it to one chart and will keep an eye on it.
(01:35 PM) Orprepus: works good in chop with stos
(01:35 PM) ppusa: thanks
(01:36 PM) ppusa: will follow it as well as my other 27 charts
(01:36 PM) ppusa: multiple monitors
(01:36 PM) Orprepus: 27 - wow - on commodity?
(01:36 PM) ppusa: get a radiation buzz everyday/
(01:36 PM) Orprepus: on = one
(01:36 PM) dave_b_quick: how many eyes ya got, ppusa?
(01:36 PM) ppusa: 3
(01:37 PM) Orprepus: how many monitors -  how big of a trading room?
(01:37 PM) ppusa: that's why I don't like interruptions while trading.
(01:37 PM) ppusa: loose the flow
(01:37 PM) ppusa: easy boys
(01:38 PM) ppusa: not big
(01:38 PM) ppusa: 3 monitors plus 2 more for internet access, quicken, paltalk, etc
(01:38 PM) ppusa: 2 computers
(01:38 PM) Orprepus: pp how many commodities
(01:38 PM) Orprepus: do you trade
(01:39 PM) ppusa: would like to add 4th monitor with just one big chart to follow waves. Charts to small.
(01:39 PM) ppusa: almost all nq
(01:39 PM) ppusa: occasionally i throw up unleaded gas or something
(01:40 PM) dave_b_quick: you use ensign, ppusa?
(01:40 PM) ppusa: had another computer to trade stocks but right now just nq
(01:40 PM) ppusa: ensign
(01:40 PM) ppusa: 8 monitors was a little much
(01:41 PM) Orprepus: you need the CNBC chart wall LOL 
(01:41 PM) ppusa: It Yea, I need something
(01:41 PM) ppusa: Listen to cnbc in back ground
(01:42 PM) ppusa: All kidding aside, I find all the charts really help
(01:42 PM) ppusa: I can better dial in the pullbacks with point and figure.
(01:42 PM) supermanJef: u guys use voice or just type?
(01:43 PM) Orprepus: me too -  all 18 of them
(01:43 PM) Orprepus: mostly type
(01:43 PM) Orprepus: you can talk if you want
(01:43 PM) larrybf: I use a 13 period  BB on a 5 minute chart. someone in another room said i should use an 8 period BB. Any other opinions?
(01:44 PM) supermanJef: 8-13 crossover very popular by smaller traders
(01:44 PM) supermanJef: 5-15-30 a much more followed sequence by the street
(01:44 PM) supermanJef: u want to follow what the big cash follows
(01:45 PM) larrybf: no mike
(01:45 PM) supermanJef: mic i assume u mean
(01:45 PM) ab_18: nq needs to move above 1710 
(01:45 PM) supermanJef: later all - trade well
(01:46 PM) ab_18: 12:45 reaction high in down trend
(01:46 PM) dave_b_quick: thanks jef
(01:46 PM) Orprepus: thanks for stopping by
(01:46 PM) larrybf: yright jeff
(01:47 PM) larrybf: how do i set up multiple period bollinger bands without having "spagetti" for a chart?
(01:48 PM) Orprepus: get the wall monitor LOL sorry
(01:49 PM) Orprepus: what is important in BB is not the MA but the outer bands - remove the MA 
(01:49 PM) larrybf: thanks
(01:49 PM) Orprepus: bounce off of EMA and TL
(01:50 PM) Orprepus: tick goes negative
(01:51 PM) ab_18: sto div  caught us looking
(01:52 PM) ab_18: stochastics divergence
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(01:53 PM) larrybf: i havent backtested this, but usually if 1:30- 2:00 is negative we'll go further negative into the close. No computer skills to test this observation
(01:53 PM) Orprepus: ignored the sto with rising ADX  - shorted at 1706 one tick below low of bars that bounced off of tl & EMA
(01:54 PM) ppusa: I was going to go but phone rang.
(01:56 PM) ppusa: gut feeling we bounce, chop chop rest of day
(01:56 PM) gravestonedoggie: pretty triangulated
(01:56 PM) gravestonedoggie: specially es
(01:56 PM) ppusa: still holding low of retest
(01:57 PM) Orprepus: made trade b/e - will wait and see
(01:57 PM) Orprepus: out
(01:58 PM) ppusa: I think scalp, no moves
(01:59 PM) ppusa: hungry, food
(02:01 PM) Orprepus: dave how is retro doing today
(02:02 PM) dave_b_quick: not so hot, retro does good with trends
(02:03 PM) gravestonedoggie: i thought retro traded at end of day
(02:03 PM) dave_b_quick: ya, but i was trying to keep him honest by giving him rules to follow
(02:04 PM) gravestonedoggie: oh
(02:05 PM) larrybf: dave- what is the imp[ortant to be learned from studying retrotrader charts?
(02:06 PM) cheetah55: long es
(02:06 PM) dave_b_quick: just trying to develop a longer time frame perspective, larry
(02:07 PM) cheetah55: what the heck....getting bored
(02:07 PM) gravestonedoggie: boredom trade
(02:07 PM) gravestonedoggie: good one though
(02:07 PM) larrybf: ok,  thanks
(02:08 PM) cheetah55: out +.50
(02:08 PM) cheetah55: well, not bored anymore
(02:08 PM) cheetah55: got the heart pumping if only for a minute !!
(02:08 PM) gravestonedoggie: think if you get those longer tf trades right and keep watching them, then you may develop confidence to trade those setups
(02:09 PM) gravestonedoggie: nice exit
(02:13 PM) Orprepus: out with 6pts/contract - taking lunch break
(02:17 PM) Daniel X: watch out for 2:30 train
(02:17 PM) Daniel X: 2:20/2:40
(02:21 PM) Daniel X: 95 looks like the low
(02:22 PM) larrybf: has teresa lo posted her free e-book yet?
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(02:22 PM) Daniel X: dunno
(02:23 PM) Daniel X: larry macd going+
(02:23 PM) larrybf: yeah thanks
(02:23 PM) Daniel X: what's your take
(02:24 PM) Daniel X: 1701 res
(02:25 PM) ab_18: no buying mood
(02:25 PM) ab_18: on the mkt not macd
(02:25 PM) larrybf: I am short nq from 1703
(02:25 PM) Daniel X: was from 9.50 out =8
(02:26 PM) Daniel X: sorry 1710 out 1702
(02:27 PM) Daniel X: i expect it to go thru here
(02:27 PM) Daniel X: up that is
(02:27 PM) ab_18: nd open @ 1703
(02:27 PM) ab_18: es and dow above open
(02:28 PM) gravestonedoggie: shock the monkey and win $20
(02:28 PM) Daniel X: watching the paint dry
(02:28 PM) Daniel X: lol
(02:28 PM) larrybf: i hope not . trendlines on the 5 min don't say up yet
(02:29 PM) Daniel X: doesn't have to
(02:29 PM) larrybf: why?
(02:29 PM) Daniel X: wartch
(02:29 PM) larrybf: ok
(02:30 PM) gravestonedoggie: "One of the most helpful things that anybody can learn is to give up trying to catch the last eighth - or the first.  These are the two most expensive eighths in the world."
(02:30 PM) dave_b_quick: who said that?
(02:30 PM) cheetah55: prep short es here
(02:30 PM) gravestonedoggie:  - Reminiscences of a Stock Operator
(02:31 PM) dave_b_quick: lotta truth there
(02:31 PM) gravestonedoggie: i have paid that expensive price more than ocne
(02:32 PM) cheetah55: no short
(02:32 PM) cheetah55: too choppy
(02:32 PM) ab_18: close?
(02:33 PM) Daniel X: 7 min to go
(02:35 PM) Daniel X: 5 min
(02:36 PM) gravestonedoggie: that when the no-short zone ends?
(02:36 PM) Daniel X: 240
(02:36 PM) gravestonedoggie: dmz for shorts
(02:36 PM) Daniel X: i hope
(02:38 PM) Daniel X: 3 min
(02:38 PM) Daniel X: see
(02:39 PM) larrybf: yup. out 1704.5
(02:39 PM) Daniel X: out +4
(02:39 PM) Daniel X: i fill u in
(02:39 PM) larrybf: good going
(02:39 PM) dave_b_quick: i like it daniel
(02:40 PM) larrybf: how long you been folloeing that time period?
(02:40 PM) Daniel X: me too
(02:40 PM) Daniel X: months
(02:40 PM) Daniel X: trading it foe 3 weeks
(02:40 PM) Daniel X: Dave u get some ?
(02:41 PM) gravestonedoggie: es was better paly in there
(02:41 PM) dave_b_quick: not this time, daniel, just rooted for you
(02:41 PM) larrybf: i love this room. every day i learn something
(02:42 PM) larrybf: something worth learning
(02:42 PM) Daniel X: thnx dave!
(02:42 PM) ab_18: clever
(02:43 PM) Daniel X: Larry look at your charts back 1 month or so and you'll notice a 2:20 to 2:40 pop
(02:43 PM) dave_b_quick: you doing that trade with 10 contracts yet, daniel?
(02:44 PM) Daniel X: i u simplt buy at 2:20 and sell at 2:40 your average win was 5 points and average loss 8 points
(02:44 PM) dave_b_quick: new trading hours, 2:25 to 2:45
(02:44 PM) Daniel X: no Dave 2 initial and if it dips 2 more
(02:45 PM) Daniel X: lol
(02:45 PM) Daniel X: in this  yes i agree
(02:46 PM) Daniel X: Globex overnight closing @ 2:30
(02:46 PM) John FF: need a 13 min close above 1705 to reverse dn trend
(02:46 PM) Daniel X: ditto John
(02:47 PM) larrybf: i am definitely gonna check it daniel. the trend reversal made my jaw drop. thanks again
(02:48 PM) Daniel X: wlcm
(02:49 PM) larrybf: daniel, do you ever adjust the 2:40 exit time?
(02:49 PM) Daniel X: no not really
(02:50 PM) larrybf: ok thanks
(02:50 PM) John FF: interesting concept, adjusting time?
(02:50 PM) Daniel X: but i do adjust the entry often
(02:50 PM) John FF: like to adjust it back about 30 yrs
(02:50 PM) Daniel X: trying to time the low and today i saw it at 95 but did not pull the trigger because of 1701 resistance
(02:51 PM) larrybf: what time frame for entry?
(02:51 PM) gravestonedoggie: hehe
(02:51 PM) Daniel X: doesn't matter
(02:51 PM) Daniel X: it's based on time
(02:51 PM) larrybf: ok
(02:51 PM) coyote_4: prop trader DEMO  wen night 7:30 room proptrader
(02:51 PM) Daniel X: Globex overnoght session closes @ 230
(02:52 PM) Daniel X: $:30 tonight to 2:30 tomorrow
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(02:52 PM) Daniel X: sorry 2:30 
(02:53 PM) Daniel X: aaaarrrrgggg4:30/2:30
(02:55 PM) John FF: can't take out 1705
(02:57 PM) bigrexxx: in terms of volume in stock issues hourly the 2pm hour volume is among the least
(02:57 PM) bigrexxx: 3pm hour largest volume of day next to opening hour
(02:58 PM) bigrexxx: so if we have a trending day we get countertrend play about 2:30
(02:58 PM) Daniel X: alot of Futs traders only trade 1rst hour/ last hour
(02:59 PM) bigrexxx: time theory on the 1/2 hour fairly well known we see programs run off top o hour or bottom o hour all the time
(02:59 PM) bigrexxx: 3:20 known to be interesting program time they try to beat the 3:30 boyz
(03:00 PM) Daniel X: good to have a floor specialist in the room!
(03:00 PM) bigrexxx: lol
(03:00 PM) bigrexxx: does glenn ever come in here?  too bad they closed other room
(03:01 PM) Daniel X: ouch  nasty
(03:02 PM) dave_b_quick: i think glenn goes to the paid room
(03:02 PM) Orprepus: back oh my
(03:02 PM) John FF: 89 1st sup
(03:02 PM) bigrexxx: guess he can afford it :)
(03:03 PM) Orprepus: bounced off of TL & ema again
(03:05 PM) Orprepus: Dan-x - 2:20 - 2:40 rally - again - I am watching that now!!
(03:05 PM) Daniel X: what's that!?
(03:05 PM) Daniel X: i missed something
(03:06 PM) Daniel X: oh ok gotcha
(03:07 PM) Daniel X: u mean from now on
(03:07 PM) Orprepus: didn't you say market usually rallies between 2:20 & 2:40 I assume est
(03:07 PM) Daniel X: yes
(03:08 PM) Orprepus: it did - had  lunch and just got back and saw rally
(03:08 PM) Daniel X: oh ok 
(03:09 PM) John FF: imo move up here from lo is sht covering
(03:11 PM) John FF: should find big res at 1702.50
(03:13 PM) ppusa: 3 down hours, possible due up?
(03:13 PM) ppusa: actually 4
(03:14 PM) Daniel X: oh no that changes everything let me exit my trade!
(03:14 PM) Daniel X: lol
(03:14 PM) John FF: dn every 13 min since 11am
(03:14 PM) ppusa: dan you short?
(03:15 PM) Daniel X: scalping only
(03:15 PM) Daniel X: bias yes
(03:16 PM) Daniel X: it can't take out BRL 
(03:18 PM) Daniel X: bearish resistance line  now would be at1700
(03:18 PM) Daniel X: there she goes
(03:18 PM) Daniel X: sorry it
(03:18 PM) Daniel X: i apologize to the ladies in the room
(03:21 PM) Daniel X: sellers appeared the last 2 times we came up to the 200 ema on the 9 min
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(03:24 PM) bigrexxx: record short interest both nyse and nasdaq stock issues for july- the boyz will rock it up if csco gives em a chance
(03:24 PM) bigrexxx: on nq daily we have 3 period pb to the 15 dma
(03:25 PM) bigrexxx: so bullish case still intact as T has been mentioning correct?
(03:25 PM) bigrexxx: nq 20ema daily right in here also
(03:26 PM) gravestonedoggie: also backtest of broken descending tl on daily?
(03:26 PM) gravestonedoggie: not sure
(03:26 PM) bigrexxx: right so a failure on ugly csco report would be telling
(03:26 PM) gravestonedoggie: where that is at the moment
(03:28 PM) jimbo_320: cisco a.m.c ?
(03:28 PM) bigrexxx: csco tonite after close
(03:29 PM) gravestonedoggie: would be careful not to get caught in a trade here late .. cause could be volatiluty when that happens after close
(03:29 PM) bigrexxx: on compx that breakout was 2055-65
(03:29 PM) gravestonedoggie: dont want to be in it if you dont mean to be
(03:31 PM) John FF: cisco looking for .02.  no room for error
(03:31 PM) jimbo_320: we have a healthy pullback on the daily now, good news and we see 1245, maybe the bad news is priced into the market and there is more upside potential here
(03:31 PM) bigrexxx: recall T had chart of QQQ breakout at 42.82
(03:31 PM) bigrexxx: sox.x near lod way under that 'breakout' of 200 dma which was about 625
(03:32 PM) cheetah55: short es
(03:32 PM) bigrexxx: csco uses alot of chips also so forward outlook is key
(03:32 PM) cheetah55: boredom trade again
(03:32 PM) jimbo_320: anyone have problems getting stops executed on stocks on ib, i often get last at my stop, but not executed, is there a delay ? futures work fine
(03:33 PM) ppusa: long and scared
(03:33 PM) jimbo_320: last trade at my stop
(03:33 PM) jimbo_320: ppusa, come on anyone can beat 0.02, cant they :-)
(03:33 PM) ppusa: ?
(03:34 PM) John FF: ask that to every .com that went out of business
(03:34 PM) cheetah55: still bored and a few dollars poorer
(03:34 PM) gravestonedoggie: there is something funky with their stock stops, but i forget how it works.. i think basically it has to trade thru your pirce before your order toes
(03:34 PM) ppusa: i said up hour and that's what i meant
(03:34 PM) gravestonedoggie: lol
(03:34 PM) ppusa: lol
(03:35 PM) jimbo_320: gravestone, so it needs volume?
(03:35 PM) cheetah55: try short again on es....just waking up
(03:36 PM) John FF: 1705 still res but postive above 1700
(03:36 PM) ppusa: i am out
(03:36 PM) gravestonedoggie: not sure excatly jimbo... think price, not volume... you might ask them
(03:36 PM) John FF: would not want to be long here
(03:37 PM) ppusa: still think we will hit higher high on hourly
(03:37 PM) ppusa: just not willing to sit in for it
(03:38 PM) ppusa: wouldn't want to be short
(03:38 PM) jimbo_320: thanks doggie
(03:39 PM) John FF: not long not sht stuck in the middle again
(03:39 PM) John FF: only 5 pts between sup and res
(03:40 PM) gravestonedoggie: wait mode
(03:41 PM) John FF: quick, someone call Joe Kernan and ask him what to do
(03:41 PM) ppusa: 1 tick to go and up hour
(03:42 PM) John FF: sht term bias to upside but very sht term
(03:42 PM) gravestonedoggie: hehe
(03:42 PM) cheetah55: out of long at b/e
(03:42 PM) ab_18: go 1704
(03:43 PM) ab_18: go go 
(03:43 PM) ppusa: 1/2 tick
(03:43 PM) ppusa: hitting BB, MA's, etc.
(03:45 PM) ppusa: this is painfull
(03:46 PM) gravestonedoggie: we may get a few days worth of move (the move we have not been getting last few days) in a gap
(03:47 PM) cctraderx: gsd, just make it easy for the rest of us and tell us which way, hehehe
(03:48 PM) John FF: divergence between sox and nq
(03:48 PM) gravestonedoggie: hehe.. yeah, that would be nice
(03:49 PM) jimbo_320: doggie, stops, the price has to be hit twice on nasdaq, or traded through to get elected.
(03:50 PM) gravestonedoggie: ok, thnx, there it is
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
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(03:52 PM) cctraderx: not yet
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(03:53 PM) ppusa: Well?
(03:54 PM) bigrexxx: this is a one time news event coming- can blow technicals out-- but 60 min's techs on bottom rail quite awhile
(03:54 PM) bigrexxx: anybody find dave's 'range expansion index' at bigcharts or barcharts.com?
(03:55 PM) gravestonedoggie: most of these announcments get the market juiced a bit, but when dust settles, not much impact
(03:55 PM) dave_b_quick: rex, y'mean Tom DeMark's REI
(03:55 PM) gravestonedoggie: wont find that on any free site
(03:55 PM) bigrexxx: yes demark
(03:55 PM) bigrexxx: k thx
(03:55 PM) gravestonedoggie: only tradestation, and ensign (coded addition there)
(03:55 PM) dave_b_quick: somebody wrote a custom program to do it in Ensign
(03:56 PM) dave_b_quick: if any Ensign users don't have it, just holler
(03:56 PM) dave_b_quick: Mike Bruns suggested using a fast stochastic as a substitute for REI
(03:57 PM) bigrexxx: bulls are really counting on csco to save the day- rally was just short covering since 7/24
(03:57 PM) bigrexxx: williams %R been good for me
(03:57 PM) Daniel X: sitin on the dock of the bay.........
(03:57 PM) gravestonedoggie: i really think that the market has chopped higher since 3 because shorts have greter fear here
(03:57 PM) ppusa: To late in the day to short off that up hour.
(03:57 PM) gravestonedoggie: fear of the csco pop
(03:58 PM) gravestonedoggie: so some shorts cover in front of it 
(03:58 PM) gravestonedoggie: and get that drift higher
(03:58 PM) gravestonedoggie: maybe locals recongize taht and gun stops
(03:58 PM) gravestonedoggie: and then it feeds on itself
(03:58 PM) bigrexxx: we saw market hold lows around 7/24 and now we find out about record short interest- big boyz knew it last week of july
(03:59 PM) gravestonedoggie: seems to me short intret been huge for some weeks and no secret
(04:00 PM) dave_b_quick: qqq calls are way outnumbering puts, that must be amateur money
(04:01 PM) dave_b_quick: buffy in da house
(04:01 PM) bigrexxx: ok i didn't see headlines 'record short interest' til last thursday that's on the listed and nasdaq stocks only
(04:01 PM) gravestonedoggie: little final short squeeze on es there maybe
(04:01 PM) bigrexxx: cot reports still big bearish outlook
(04:02 PM) gravestonedoggie: or else rumor?
(04:03 PM) bigrexxx: bondtalk.com interday has an 8/3 cot report analysis saying bond top
(04:03 PM) gravestonedoggie: interesting
(04:04 PM) bigrexxx: lots of commercial hedgers hit with shorts it says
(04:07 PM) ppusa: goodbye
(04:07 PM) Daniel X: have a great evening everyone...looks like this month so far is a great time to spend with the loved ones.
(04:07 PM) Buffy_04364: hi guys sorry fell asleep
(04:07 PM) Buffy_04364: did I miss much?
(04:07 PM) Daniel X: lol
(04:07 PM) cctraderx: nope
(04:07 PM) dave_b_quick: LOL, wise choice, Buffy
(04:07 PM) cctraderx: look at your screen and you may want to fall back asleep
(04:07 PM) Buffy_04364: charts just came up guess I didn't
(04:08 PM) Buffy_04364: oh well, still missed the best thing - the laughs
(04:09 PM) cheetah55: dave, I think u are right.  Good month to limit the trading, spend time with loved ones, vacate,  study and get ready for September.
(04:10 PM) cheetah55: Pit has been said to be vacated by the big boys soon after the open jsut about every day lately.  
(04:10 PM) cheetah55: Spoo vol is 2/3 normal
(04:11 PM) dave_b_quick: lotta golf goin on
(04:11 PM) Buffy_04364: wish it wasn't so hot here - could leave and do something
(04:11 PM) Buffy_04364: we are breaking records today
(04:11 PM) dave_b_quick: heat wave in Buffalo too, hit 90 one day
(04:11 PM) cheetah55: How hot?
(04:11 PM) cheetah55: in Maine?
(04:12 PM) Buffy_04364: over 90 again
(04:12 PM) cheetah55: hot everywhere I guess
(04:12 PM) Buffy_04364: hey howard posted a neat chart
(04:12 PM) cheetah55: should be trading commodities !!
(04:12 PM) Buffy_04364: must be what the new one coming will be able to do
(04:13 PM) gravestonedoggie: yeah, i feel asleep a couple of times sitting right here
(04:13 PM) gravestonedoggie: fell
(04:13 PM) dave_b_quick: gotta go, thanks to all and good night
(04:13 PM) Buffy_04364: did he stop in?
(04:13 PM) Buffy_04364: night dave
(04:13 PM) Buffy_04364: enjoy