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. hanksterr: morning Dave dave_b_quick: mornign Hank hanksterr: congrats on plus day yesterday, very tough day dave_b_quick: ya, not a retro day dave_b_quick: I'm working on coming up with a different system for those days hanksterr: you got a winner, nothing is perfect dave_b_quick: I'd like to be able to just switch gears once retro detects choppy trading and do a lot better. Stay tuned. hanksterr: have you done any stats like avg wins/losses etc dave_b_quick: no, but yesterday Howard Arrington asked for permission to make RetroTrader available in Ensign, so that might provide the tools for real backtesting hanksterr: terrific angel0216: what is this room about dave_b_quick: what was that? hanksterr: not that 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'. (08:34 AM) hanksterr: Dave, what part of T Lo info do you think is the best part to start with. I want to start learning her ideas. (08:39 AM) dave_b_quick: the 2B and 1-2-3 reversals are very important (08:39 AM) dave_b_quick: my best trades have been of the 2B concept (08:39 AM) dave_b_quick: relax (08:40 AM) dave_b_quick: grab a coffe (08:41 AM) dave_b_quick: i've been thinking of moving my trading room to a room big enough for a gym and see if i can get in shape (08:43 AM) Daniel X: u mean to say that you don't breath heavy everytime you enter a trade? (08:43 AM) Daniel X: lol (08:43 AM) Daniel X: and sweat out the stress (08:43 AM) dave_b_quick: ya, i dono if that counts for an aerobic workout tho (08:44 AM) Daniel X: lol (08:45 AM) Daniel X: i push a little iron myself 2 /3 times a week (08:46 AM) Daniel X: how about when you take the money and run! (08:46 AM) Daniel X: u do run don't you? (08:46 AM) dave_b_quick: i run a little, but never enough. Running to the bank might be good if the bank wasn't so close. (08:46 AM) Daniel X: lol (08:58 AM) Orprepus: morning yall (08:58 AM) dave_b_quick: morning (09:00 AM) Daniel X: Dave... last night i tested a Retro scalp mode 9/3 combo and neted a gain of 38 points in 10 trades....the fact that the 3 min gives alot of reversal signals makes it difficult to get more than 5 at a time...it's like you have to take every 3 to 5 points you see! (09:01 AM) dave_b_quick: those TF's may work better after the summer doldrums are over (09:01 AM) Daniel X: someone then has to come over and tap you on the shoulder and tell you when you should be changing to 15 /5 mode! (09:02 AM) beanman_1: fyi, Open interest is way down on the NQ's since june... (09:02 AM) beanman_1: you can see when it pick up in the COT report (09:02 AM) dave_b_quick: ya, if howard does the programming for us it will be a lot easier to test and retest (09:02 AM) Daniel X: have you tried any other TF for scalping? (09:02 AM) Daniel X: oh ok gotcha Paltalk: Please visit our advertisers by clicking on banners. (09:03 AM) dave_b_quick: i'm working on that dan (09:03 AM) Daniel X: I've sent an email out to all RT Investor users and Linnsoft himself we'll see what they come up with for me. (09:04 AM) Daniel X: back in 10 mins (09:04 AM) dave_b_quick: ok (09:05 AM) elly_34: good morning (09:06 AM) dave_b_quick: hi elly (09:07 AM) beanman_1: morning Elly, fyi Have you tried Carolyn Boroden's svc? (09:11 AM) larrybf: dave- HI. where can i go to get a detailed explanation of the 2B concept? (09:11 AM) dave_b_quick: over the weekend i posted a link on the retrotrader page for 2B and one for 1-2-3 (09:12 AM) larrybf: great. thanks (09:13 AM) dave_b_quick: the link is in the rules section where it mentions 2B (09:14 AM) beanman_1: Larry, what is your email and I can send the .pdf from Trader Vic's book (09:14 AM) beanman_1: on 1-2-3 and 2b's (09:15 AM) gunner-: beanman I'd like to see that.... gunner@canada.com (09:16 AM) dave_b_quick: beanman, is that the reprint that was posted at the ispec TMC group at yahoo? (09:16 AM) larrybf: great beanman! the email address is freewinner@hotmail.com (09:18 AM) hanksterr: larry, please send me that also at hanksterr@home.com (09:18 AM) hanksterr: sorry beanman (09:19 AM) beanman_1: yes , this came from ispec (09:20 AM) Orprepus: posted 120M NDX chart (09:21 AM) Orprepus: bman - me too orprepus@home.com (09:21 AM) larrybf: I never trade before 9:50 AM, but if I were to try trading the open what time frame should I be looking at? (09:23 AM) cctraderx: beanman, email me too at cctraderx@yahoo.com (09:26 AM) gunner-: larrybf http://www.gunners-targets.eboard.com See Opening Gambit (09:26 AM) larrybf: thanks gunner (09:29 AM) gunner-: traders need to start looking at market much earlier. .good action coming in from Europe in Globex now.. some good early morning trades (09:29 AM) gunner-: IMO (09:30 AM) Orprepus: agree (09:30 AM) Orprepus: always trade off of overnight data in the first hour (09:30 AM) cctraderx: agree, thanks gunner Paltalk: Your friends are just a click away! Press the invite button NOW! (09:33 AM) larrybf: thanks gunner i thought so but have been afraid to put real money up yet because "experts" say that amateurs trade the open (09:34 AM) Buffy_04364: Morning all (09:34 AM) dave_b_quick: morning buffy (09:34 AM) dave_b_quick: morning gunner (09:34 AM) dave_b_quick: morning all (09:34 AM) Orprepus: morning buffy (09:34 AM) QSuzy: Hi Buffy....morning everyone... (09:34 AM) Buffy_04364: so gunner did you get the early morning 10pts? or at least a piece of it? :-) (09:35 AM) Buffy_04364: morning QSuzy - glad you returned (09:35 AM) QSuzy: B....thanks.... (09:36 AM) beanman_1: Larry... Trading is a zero sum game.. It is easier to take money from amatuer's... (09:38 AM) gravestonedoggie: i think gunner mean pre-open, 7:30 to 9:15 roughly (09:38 AM) gravestonedoggie: which i suspect is more pro dominated than amateur (09:38 AM) dave_b_quick: is anybody else getting gaps in eSignal data? (09:39 AM) Orprepus: fine here (09:39 AM) gravestonedoggie: ie. some floor traders i believe use that period to pick off a few pts (09:41 AM) gravestonedoggie: suppose could exend it earlier, too, if european markets are the influence (09:41 AM) dave_b_quick: can some body on eSignal post a 1m chart for me? (09:42 AM) dave_b_quick: oh, never mind, finally filled in the gaps (09:42 AM) jimsy1: where u folks posting charts? (09:42 AM) dave_b_quick: dacharts_dachart_dacharts_dachart.com (09:46 AM) ab_18: We need Aug 14 version Ensign Windows for todays class (09:46 AM) dave_b_quick: i installed it last night. what's the topic today? (09:46 AM) Buffy_04364: tks ab (09:46 AM) ab_18: Running late (09:47 AM) Just Awesome: anyone in here trade on the ASX ? (09:47 AM) ab_18: new features in Ensign Windows (09:47 AM) Daniel X: chop again? (09:48 AM) dave_b_quick: "we shall see" as T would say (09:48 AM) QSuzy: Is ensign class held in this room? (09:48 AM) beanman_1: Awesome.. What is ASX? (09:48 AM) Orprepus: in ensign software (09:48 AM) cctraderx: no they have another room for Ensign (09:49 AM) E-T: where is the room (09:49 AM) Just Awesome: the Australian Stock Exchange (09:50 AM) Orprepus: same place you found this one but called ensign software (09:50 AM) dave_b_quick: ET, in paltalk busines/finance (09:50 AM) dave_stewart: altr (09:50 AM) gravestonedoggie: ASX, no... how is it? (09:51 AM) cctraderx: ensign may not be open yet (09:51 AM) Just Awesome: i have been trading News Corporation between the ASX and NYSE ... there is potential for arbitrage (09:51 AM) dave_b_quick: the ensign room is only visible when somebody is attending (09:51 AM) Orprepus: support on lower BB 2M (09:52 AM) gravestonedoggie: i see.. interesting on news corp (09:52 AM) Just Awesome: profit results come out tommorow in Australia (09:52 AM) gravestonedoggie: what kind of spread between the two on NUE (09:53 AM) gravestonedoggie: opps, not nue (09:53 AM) gravestonedoggie: oops (09:53 AM) Just Awesome: and in the the US, August 16, 2001 at 8:00 a.m (New York) (09:54 AM) gravestonedoggie: i c (09:54 AM) gravestonedoggie: doggie shares wekeest (09:54 AM) ppusa: stochastics on 15 min kinda low (09:55 AM) gravestonedoggie: nq dipping under yest low (09:55 AM) Just Awesome: i feel profits will be lower than expected News Corp was down in Australia today expecting AU $1296 m profit (09:55 AM) Daniel X: out +3 (09:55 AM) gravestonedoggie: ok (09:55 AM) ppusa: may go up and retest HOD (09:56 AM) jimsy1: dave_b_quick - u interested in another site where u can post charts and scroll thru them, also chat about them, if so we can accommodate u at www.talkstox.com Come to the bullrooms english sign up, then chack out the charts or this might work http://www.talkstox.com/forum/showthread.php?s=&threadid=64 (09:57 AM) dave_b_quick: thanks, jimsy (09:57 AM) Orprepus: tl 4m (09:57 AM) jimsy1: also we have out teext chat workin there quite nicely too and a good group, no voice chat tho (09:57 AM) dave_b_quick: NQ5m 2B on yd LOD? (09:58 AM) Just Awesome: i an going short News Corp in the US and covering my position on the Australia (09:58 AM) ppusa: Dave, what is yd? (09:58 AM) dave_b_quick: yesterday (09:58 AM) ppusa: k (09:58 AM) Orprepus: good vol on drop (09:59 AM) Orprepus: got to love the down channel (09:59 AM) gravestonedoggie: what is us symbol for news corp? (09:59 AM) Orprepus: pp u short this (09:59 AM) ppusa: was (09:59 AM) Orprepus: still (10:00 AM) ppusa: got ticked off and covered. (10:00 AM) Orprepus: 11 dn bars 2m (10:00 AM) Just Awesome: the code is NWS (10:00 AM) gravestonedoggie: tic'off ... hehe (10:00 AM) gravestonedoggie: tic'ed off (10:00 AM) jimbo_320: 588 on sox (10:01 AM) gravestonedoggie: ah, there it is (nws).. thnx (10:02 AM) ppusa: AMAT had some decent news this morning re their earnings not that I care. (10:02 AM) jimbo_320: retail getting a boost, holding up dow Paltalk: Go bannerless and support PalTalk! Subscribe today! Only $9.95 a year! Click HELP on your Pal List then click 'Bannerless PalTalk'. (10:05 AM) jimbo_320: 3 point trading range on es 3 min charts, yurg (10:07 AM) ppusa: Orp, I saw a couple BB's get hit but the trade looked like it should slide down them. and the PnF pattern looked like there should be some follow thru. But the 15 min. chart stochastics (which I don/t look at too much) and my 15 point PnF says due for bounce. (10:07 AM) Orprepus: posted 233 tick (10:07 AM) ppusa: So I covered at 30 (10:07 AM) Orprepus: nq (10:08 AM) jimbo_320: 31 is yesterdays low (10:09 AM) Just Awesome: there is also a potential arbitrage in BHP Billiton (10:09 AM) Just Awesome: NYSE code BHP (10:11 AM) gravestonedoggie: mining, huh (10:11 AM) Just Awesome: profit results due out AUG 20 (10:11 AM) Orprepus: still holding short - stop now 37 (10:12 AM) ppusa: AMAT beat street by 2 cents and says "orders may have bottomed". (10:12 AM) ppusa: I had a poor entry (10:12 AM) Daniel X: out+2.5 (10:12 AM) Orprepus: entered at 44 (10:13 AM) Daniel X: im in scalp mode (10:13 AM) gravestonedoggie: sox is yawning at taht amat news (10:13 AM) ppusa: agree for right now Dan but I am hoping we get a shot at LOD or HOD. (10:13 AM) ppusa: later on (10:14 AM) Orprepus: one tick below BB pul back and bounce off of 100MA on 2m (10:15 AM) Orprepus: needed bounce after 11 dn bars - but looks like it will continue (10:15 AM) Just Awesome: bye (10:15 AM) dave_b_quick: bye awesome (10:15 AM) gravestonedoggie: 45 min tbond looks bit tired (10:16 AM) gravestonedoggie: es had 5 min inside bar (10:16 AM) Orprepus: looking for it to go lod and take out monday low (10:17 AM) Orprepus: 1621 (10:18 AM) Orprepus: taking out mon low could really start to tumble (10:18 AM) dave_b_quick: great (10:18 AM) ppusa: yes Orp,, bounced stopped dead at ma (10:19 AM) ppusa: retro short off 15 min break? (10:19 AM) dave_b_quick: ya (10:19 AM) Orprepus: still good vol - surprised a little (10:19 AM) gravestonedoggie: 45 min adx is in the dumps bigtime (10:20 AM) gravestonedoggie: which means be alert (10:20 AM) jimbo_320: es takes 1190 (10:21 AM) ppusa: The fact that the HOD is below onday's high of 1666 positive for shorts for time being. Makes me think HOD is in. (10:22 AM) Daniel X: out +2.5 (10:22 AM) Orprepus: i agree - would like to see it take out overnite high - but came real close (10:23 AM) ppusa: 1-2-3 to current low (10:23 AM) Daniel X: sorry PPUSA didn't see ur comment (10:24 AM) Daniel X: i'll stay in scalp mode untill i see easy trend although Retro is kicking my butt! (10:25 AM) 4nq: morning all (10:25 AM) dave_b_quick: good morning 4 (10:25 AM) cctraderx: morning (10:25 AM) Daniel X: morning 4 NQ (10:26 AM) Orprepus: stop now 29 (10:26 AM) Buffy_04364: morning (10:26 AM) ppusa: 5 min MACD is buried.. I am going to get a shovel. (10:26 AM) gravestonedoggie: suspense at 1620 (10:26 AM) 4nq: that 200sma was a beauty again (10:27 AM) ppusa: 4nq, you mean when we went through and then turned right around? (10:28 AM) 4nq: never really went thru (10:28 AM) 4nq: i tick (10:28 AM) 4nq: one (10:28 AM) Orprepus: adx still rising on 2m & 3M - ignore the oscillators (10:28 AM) ppusa: right, couple depending on chart (10:28 AM) beanman_1: fwiw, (10:29 AM) jimbo_320: v. oversold here (10:30 AM) 4nq: long nq (10:30 AM) ppusa: trend in steep decline. No longs here. (10:30 AM) jimbo_320: retro up 15 so far? (10:30 AM) ppusa: sorry NQ (10:30 AM) 4nq: lol (10:30 AM) dave_b_quick: ya, jimbo (10:31 AM) jimbo_320: lose 5 on the open? (10:31 AM) 4nq: exited (10:31 AM) ppusa: due for bounce but I try to pass when decline is so severe. (10:31 AM) 4nq: covered commiss (10:31 AM) jimbo_320: tick does not indiacte bottom here (10:31 AM) Daniel X: damn out +.5 (10:32 AM) dave_b_quick: you're workin too hard, dan (10:32 AM) ppusa: I used to think the nq would put in a "V" bottom and I would buy. Never did, always just rounded and I got buried. (10:32 AM) gravestonedoggie: now es has ducked under yest low (10:32 AM) Orprepus: 1614 strong support (10:33 AM) ppusa: So now I wait for rounding and look for entry. Paltalk: Please support our sponsors by clicking on banners. (10:33 AM) 4nq: long again (10:33 AM) gravestonedoggie: pp likes round bottoms.. hehe (10:34 AM) 4nq: depends how round........lol (10:34 AM) gravestonedoggie: hehe (10:34 AM) jimbo_320: es is at yesterdays low 1187 (10:34 AM) ppusa: hehe (10:34 AM) 4nq: lookin for 23 (10:35 AM) 4nq: hmmm, maybe 1523 (10:35 AM) gravestonedoggie: hehe (10:35 AM) jimbo_320: next es support is 1176 if 86-87 goes (10:35 AM) ppusa: Looking like HOD is in. (10:36 AM) Orprepus: knock knock 1614 (10:36 AM) ppusa: If true, shouldn't be much of a buyer. (10:36 AM) 4nq: longer (10:36 AM) ab_18: narrow ranges and rallying mood may soon be behind us (10:37 AM) ppusa: Orp, like usual, I jumped the gun on entry at 33. Where did you go? (10:37 AM) jimbo_320: more selling coming? (10:37 AM) 4nq: MSFT lod (10:37 AM) Orprepus: still holding short from 44 (10:37 AM) ppusa: that's my man (10:38 AM) ab_18: yeah go op (10:38 AM) Daniel X: Retro up 20 (10:38 AM) jimbo_320: at last someones beating retro :-) (10:38 AM) Daniel X: lol (10:39 AM) dave_b_quick: orp could teach retro a few things (10:39 AM) Daniel X: yes (10:39 AM) 4nq: exiting adds@17 (10:39 AM) Orprepus: retro does pretty well (10:39 AM) Daniel X: ORP what chart ur entry? (10:40 AM) Orprepus: just got a better entry and really like to trust in the trade (10:40 AM) Orprepus: i'll post entry chart (10:40 AM) ab_18: "buying right is half sold" (10:40 AM) dave_b_quick: thanks orp i was gonna ask too (10:41 AM) Daniel X: thnx (10:43 AM) ppusa: I don't think the entry was any secret if you believed the bear scenario. (10:44 AM) ppusa: 4nq, high of this hour is 19. (10:45 AM) 4nq: this "JobDirect" banner on top doesn't help one's confidence level!!!!! (10:46 AM) dave_b_quick: LOL i have a casino banner (10:46 AM) ppusa: I have Casino on net (10:46 AM) Buffy_04364: I have a pretty sunset :-) (10:46 AM) dave_b_quick: when i get stopped out at a loss it switches to the jobdirect banner (10:46 AM) jimbo_320: 1186 about to go (10:47 AM) ppusa: just wondering when we would hear from you Buffy (10:47 AM) Daniel X: ppusa r u short? (10:47 AM) ppusa: no (10:47 AM) ppusa: flat (10:47 AM) ab_18: May turn up here (10:47 AM) Daniel X: flat and mad (10:47 AM) 4nq: i want out......must be the low for a while (10:47 AM) ppusa: I now believe HOD is in and in no hurry to buy (10:48 AM) ppusa: although looking good in here. (10:48 AM) Buffy_04364: I have been positng charts (10:48 AM) ppusa: 4nq I'm helping you out. (10:48 AM) dave_b_quick: ya, daily chart looks like only a 2 bar bounce and then klunkage (10:49 AM) ppusa: we went through the 11-13 area (10:49 AM) ppusa: bot (10:49 AM) Buffy_04364: time line on pyra coming (10:49 AM) Daniel X: moon charts say we bottom tommorow (10:49 AM) ppusa: scalping (10:49 AM) dave_b_quick: and the second NQ daily upbar was dark cloud cover (10:49 AM) Daniel X: looks like we started today (10:49 AM) 4nq: i'm even @15 (10:50 AM) Orprepus: posted 2M - also large tf were bearish trend (10:50 AM) 4nq: starting to get painful (10:50 AM) ppusa: I don't know that we will go through 19? thought mwe might by a little but... (10:52 AM) ppusa: looking for 15 (10:52 AM) ppusa: thank you (10:52 AM) Daniel X: Retro out at 15.50 (10:53 AM) jimbo_320: out es +3 (10:53 AM) ppusa: I think next hour will have a lower high and low than this hour so I would like to buy then. (10:53 AM) ab_18: trading range nq yesterday back 4700, 4600, 6100, 3700 and 9500 last Thursday (10:54 AM) Daniel X: Retro + 19.5 (10:54 AM) ab_18: trading range today already 4000 (10:54 AM) Daniel X: ppusa buy as in cover short? (10:55 AM) Daniel X: 15 was what? (10:55 AM) Daniel X: long short (10:55 AM) ppusa: But some longer term PnF's suggest 15 - 22.5 point bounce. So my overall strategy is scalp in here by buying dips only. Will not pay up. May go short in between here and a 20 point bounce if I see the right opportunity. (10:55 AM) 4nq: exited (10:55 AM) Daniel X: ok thnx (10:56 AM) Daniel X: 4NQ...still in pain? (10:56 AM) 4nq: flat (10:56 AM) jimbo_320: trend forming on nq45, 1610 bottom of tl (10:56 AM) ppusa: i bot 12.5 and sold 15 (10:56 AM) ppusa: 20 contracts. (10:56 AM) ppusa: just kidding, 2. (10:56 AM) Daniel X: your fills must have been all over the place (10:57 AM) Daniel X: lol (10:57 AM) Orprepus: stopped out 17.5 - 26.5pts (10:57 AM) 4nq: thank you baby Buddha (10:57 AM) ppusa: good job Orp (10:57 AM) Daniel X: excellent (10:57 AM) Orprepus: thxs (10:57 AM) Buffy_04364: great job (10:57 AM) jimbo_320: nice job O (10:58 AM) ppusa: I'm getting the shovel to dig the 15 min stochastics out of the hole. (10:58 AM) ppusa: See how sweet Orp's trade was. No scalp bs (10:58 AM) 4nq: sweet trade,Orp (10:58 AM) jimbo_320: 1186 has held for the last 3 days (10:59 AM) 4nq: ur funny,pp (10:59 AM) Orprepus: thxs (10:59 AM) Orprepus: just listen to the market (10:59 AM) Orprepus: I think (10:59 AM) ppusa: sorry jimbo but i don't look much at the S&P. Indu still holding yester's low. (11:00 AM) dave_b_quick: Hey, i finally got a copy of that worm virus! (11:00 AM) Orprepus: worm I or worm II (11:00 AM) ppusa: did it screw you up (11:00 AM) dave_b_quick: "i send you this file in order to have your advice" and there's a file attached called NDA3.doc.bat (11:00 AM) ppusa: You opened it? (11:00 AM) Buffy_04364: It has been weeks since I got one of them (11:00 AM) dave_b_quick: no, i didn't open the attached file (11:01 AM) Buffy_04364: must be going around again (11:01 AM) ppusa: was it addressed to you? or bulk? (11:01 AM) gravestonedoggie: maybe someone on vacation came back and opened file and started allover (11:01 AM) dave_b_quick: to me (11:01 AM) Buffy_04364: mine we adressed to me (11:01 AM) ppusa: coffee Buffy? (11:01 AM) Daniel X: 1618 pivot point 1rst support (11:01 AM) dave_b_quick: i think it goes through your address book automatically and uses the addresses (11:02 AM) Buffy_04364: yep it does (11:02 AM) Daniel X: so now becomes res (11:02 AM) Buffy_04364: nice chart O (11:02 AM) Orprepus: ok whatda think - range until the train and bond close - close flat? (11:02 AM) ppusa: I straight away delete all that stuff. (11:02 AM) Buffy_04364: ditto (11:02 AM) ppusa: close flat? (11:03 AM) dave_b_quick: ya, i'll delete it (11:03 AM) ppusa: we are down 18 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! (11:03 AM) Orprepus: think we can bounce in the afternoon (11:03 AM) ppusa: I think Dow chart says the market breaks further later. (11:04 AM) Orprepus: only thing keeping us from rolling down right now is OE (11:04 AM) ppusa: If market closes unch, probably see 1800 before 1400? (11:04 AM) cctraderx: OE? (11:05 AM) ppusa: then we should buy and hold. (11:05 AM) Orprepus: options Expiration - historically insitutions rally market going into OE (11:05 AM) cctraderx: thanks (11:05 AM) Orprepus: but come tuesday wednesday next the other shoe could drop (11:05 AM) ppusa: 15 min says oversold. (11:05 AM) ppusa: Maybe I am missing something and I should buy (11:05 AM) Orprepus: next = next week (11:06 AM) Daniel X: Buffy T-Lo style would sell 12.50 just below 1rst new high bar? PLZ confirm (11:06 AM) Daniel X: 5 min (11:07 AM) Buffy_04364: on what daniel (11:07 AM) Orprepus: do you track VIX and VNX (11:07 AM) Buffy_04364: nq TF? (11:07 AM) Daniel X: 5 min NQ (11:07 AM) Buffy_04364: yes and then move it up with each up bar if expected to go down (11:08 AM) Buffy_04364: inside bars she tends to keep the same and not move it up (11:08 AM) Orprepus: ppusa - do you track VIX & VNX (11:08 AM) Buffy_04364: Mine is at 1615 right now (11:08 AM) ppusa: 50 point PnF reversed as I mentioned it might a couple days ago. No track (11:10 AM) Daniel X: u mean move stop to top of every up bar? (11:10 AM) ppusa: Orp, would it be all right with you if the market just TANKED! (11:10 AM) Buffy_04364: wow we talking an exit (11:10 AM) Buffy_04364: or an entry (11:10 AM) Daniel X: ???? confused (11:10 AM) Buffy_04364: ditto (11:10 AM) Daniel X: k thnx (11:10 AM) Buffy_04364: I was talking about reentering on a drop down (11:10 AM) Orprepus: sure - charts point that way right now (11:10 AM) Buffy_04364: thought you were too (11:10 AM) Buffy_04364: which would be on the low of the bar (11:10 AM) Buffy_04364: does that help Daniel? (11:10 AM) ppusa: so no closey flatty, ok (11:10 AM) Daniel X: gotcha (11:11 AM) Buffy_04364: great didn't want to confuse you :-) (11:11 AM) ppusa: Bufy, are you short? (11:12 AM) Buffy_04364: yes (11:12 AM) Daniel X: @15 i think (11:12 AM) ppusa: from? (11:12 AM) rambler_12: 5'2"? (11:12 AM) Buffy_04364: 15.50 (11:12 AM) Buffy_04364: risk now 1pt (11:13 AM) Daniel X: lol stop rambling rambler! (11:13 AM) rambler_12: sorry : ) (11:13 AM) Buffy_04364: LOL rambler 5'4" (11:13 AM) Buffy_04364: close enough :-) (11:13 AM) Buffy_04364: out for -1 (11:14 AM) Daniel X: heels Buffy? (11:14 AM) Daniel X: lol (11:14 AM) Daniel X: 2 inches (11:14 AM) Buffy_04364: LOL don't wear those things! (11:14 AM) Buffy_04364: remember this is jeans and sweatshirt country :-) (11:15 AM) Daniel X: on your toes which you seem to be then that should add the 2 inches (11:15 AM) 4nq: i thought heels were banned in Maine??? (11:15 AM) Buffy_04364: LOL (11:15 AM) Buffy_04364: LOL (11:15 AM) Buffy_04364: to both of you! (11:15 AM) Buffy_04364: higher low is in now (11:15 AM) Buffy_04364: so what is it going to do? (11:16 AM) Buffy_04364: brb (11:18 AM) Daniel X: sell stop @ 13 buy stop@ 19.50 Retro re enty (11:18 AM) 4nq: longnq (11:18 AM) Daniel X: cajones against the trend!!! (11:19 AM) ppusa: couldn't get through 19 (11:19 AM) ppusa: slow down (11:19 AM) Daniel X: filled 13 (11:20 AM) 4nq: ......only one cajones left!!!! (11:20 AM) Buffy_04364: bk (11:20 AM) Daniel X: lol (11:20 AM) shaun_eko: you all trade emini? (11:21 AM) Daniel X: yes we do (11:21 AM) shaun_eko: any trades lining up? (11:21 AM) shaun_eko: Not sure how your room works? (11:21 AM) Daniel X: yes (11:21 AM) Orprepus: BB tightening (11:21 AM) Daniel X: ping pong time! (11:21 AM) 4nq: longer (11:22 AM) shaun_eko: i agree...i don't really see any patterns lining up.....not til 1pm central at least (11:22 AM) Buffy_04364: bk (11:22 AM) ppusa: thinking about it 4nq but still waiting (11:22 AM) dave_b_quick: brb (11:23 AM) Buffy_04364: time line on pyra (11:23 AM) ppusa: 19 to be or not to be. (11:23 AM) Daniel X: wide spread (11:23 AM) 4nq: shaun_eko, what other rooms do u go to?? (11:23 AM) Buffy_04364: made a lower high (11:23 AM) Daniel X: still short @ 13 (11:23 AM) Daniel X: losing pateince (11:24 AM) Daniel X: going to 9/3 min combo (11:24 AM) ppusa: bathroom (11:24 AM) gravestonedoggie: no chart necessary (11:25 AM) ppusa: dan, you short at 13, 4nq long at 13 (11:25 AM) Daniel X: yes (11:26 AM) Daniel X: lod going (11:26 AM) Buffy_04364: or a 2B or s 1-2-3 (11:26 AM) Buffy_04364: lots of possibilities here (11:26 AM) gravestonedoggie: stubbborn here (11:26 AM) Daniel X: gone (11:27 AM) jimbo_320: qqq's under 40 (11:27 AM) Daniel X: stop b/e (11:27 AM) Daniel X: 12.50 (11:28 AM) Orprepus: taking a breakfast break (11:28 AM) beanman_1: 2b or not to be at LOD (11:29 AM) jimbo_320: 1185 on es (11:29 AM) 4nq: was stped (11:29 AM) Daniel X: stop @6.5 (11:29 AM) Daniel X: + (11:30 AM) beanman_1: not 2B.... (11:30 AM) Buffy_04364: nope sure isn't (11:30 AM) jimbo_320: 1600 coming up.... (11:30 AM) 4nq: anyone having intermit stoppages in Esignal?? (11:31 AM) Buffy_04364: it has been beeping is that why? (11:31 AM) wlevicki: not me 4nq, earlier today for 15 seconds only (11:31 AM) Daniel X: out @1603.5 (11:31 AM) Buffy_04364: can't see anything on the tick charts (11:31 AM) 4nq: getting like 30 sec to a minute (11:32 AM) Daniel X: sorry stop @03.50 (11:32 AM) jimbo_320: tick 653 (11:32 AM) Buffy_04364: mine at 4 (11:32 AM) 4nq: u got my $$$, DAN.......consider it onlly a loan! lol (11:32 AM) Buffy_04364: LOL (11:33 AM) Buffy_04364: 4nq - dangerous to trade against the trend :-) Paltalk: Click banners to visit our sponsors. (11:33 AM) cctraderx: LOL (11:33 AM) Daniel X: and stopped +9.5 (11:33 AM) Daniel X: lol 4NQ (11:33 AM) ppusa: 200 offered at 03 (11:34 AM) Buffy_04364: hmmm I didn't see it take 3.50 (11:34 AM) Buffy_04364: yet (11:34 AM) ppusa: check it ouot (11:34 AM) Daniel X: coming (11:34 AM) ppusa: out (11:34 AM) jimbo_320: out on es 1183.75, +3.25 (11:34 AM) ppusa: heavy selliing nq (11:34 AM) Daniel X: Buffy u having problems with best today? (11:34 AM) Buffy_04364: no I am not (11:35 AM) Daniel X: out .see (11:35 AM) Buffy_04364: pending a little slow to go away but was chalking that up to isp (11:35 AM) jimbo_320: stoch dug in even deeper now ! (11:35 AM) Buffy_04364: and of course being in Maine :-) (11:35 AM) Buffy_04364: out also at 4 (11:35 AM) Daniel X: i'm not getting fill confirmatios (11:35 AM) Buffy_04364: drat didn't give it enough room (11:36 AM) Buffy_04364: !!!!1 (11:36 AM) Buffy_04364: should of used half of long bar (11:36 AM) Daniel X: Retro still in!!! (11:36 AM) Buffy_04364: I am impressed once again (11:36 AM) Buffy_04364: I am not having a problem with that at all daniel (11:36 AM) Buffy_04364: did you upgrade? (11:37 AM) jimbo_320: dan, are u scalping and trading nq simult? (11:37 AM) Daniel X: yes and on b server (11:37 AM) 4nq: we go test 1581 area today?? (11:37 AM) Buffy_04364: ditto (11:37 AM) Daniel X: it'a account status problems (11:37 AM) Daniel X: PP target 1593 (11:37 AM) Buffy_04364: ok here on that (11:37 AM) jimbo_320: with retro i mean (11:38 AM) 4nq: Esignal lock again here (11:38 AM) 4nq: what's nq? (11:38 AM) cctraderx: 1598 (11:38 AM) Buffy_04364: interesting where it decided to bounce - posted (11:38 AM) beanman_1: Dan.. I have same target since last horizontal line was busted (11:38 AM) 4nq: back (11:39 AM) 4nq: is 96 the low? (11:39 AM) ppusa: started new hour on hour chart and looky that, lower low than previous (11:39 AM) Daniel X: Jimbo i'm trying to combine the 2 styles ..by cutting half of my contracts for daniel X and hold the rest for retro (11:39 AM) Buffy_04364: now that sounds like a plan (11:39 AM) Buffy_04364: I like that idea daniel (11:39 AM) Daniel X: cake anyone? (11:39 AM) Buffy_04364: satifies the personality better (11:39 AM) Orprepus: nice call pp (11:40 AM) ppusa: easy one Orp. (11:40 AM) Daniel X: retro stop moved to 99.50 (11:41 AM) ppusa: Hour chart, hour chart, hour chart, hour chart, hour chart (11:41 AM) ppusa: PnF's way over extended. Good time to ignore them (11:41 AM) ppusa: Blend to the trend (11:41 AM) Orprepus: adx on rocket curve (11:42 AM) cctraderx: did anyone see the LBR site this morning and comment on sp (11:42 AM) Orprepus: zoom (11:43 AM) Daniel X: looks like they want to take out Retro @ 99.50 (11:43 AM) ppusa: range for this hour, 1596-1604. could take out both endds. (11:43 AM) ab_18: site address? (11:43 AM) Daniel X: and stopped (11:43 AM) cctraderx: called a trend one broke out of hour channel (11:43 AM) Orprepus: http://www.mrci.com/lbr/charts/index.asp (11:43 AM) ab_18: tks (11:43 AM) cctraderx: www.mrci.com/lbr.charts (11:43 AM) Orprepus: cc saw it (11:43 AM) cctraderx: orp beat me to it (11:44 AM) Orprepus: sorry (11:44 AM) cctraderx: np (11:44 AM) ppusa: Dow took out yester low. (11:45 AM) ppusa: Who's your daddy? (11:45 AM) Orprepus: good chart just never know when they get posted (11:45 AM) ppusa: long again. (11:45 AM) Daniel X: Daniel +9.5 Retro X +13.5 (11:45 AM) ppusa: please don't stop right here. (11:46 AM) Buffy_04364: I don't think the market can hear you ppusa - although many times I have wished it could :-) (11:46 AM) 4nq: is dollar diving? (11:46 AM) jimbo_320: any donations gratefully recieved here (11:46 AM) ab_18: the mkt hears "let me out, let me out" (11:47 AM) ppusa: some big meeting about dolar this afternoon. (11:47 AM) ab_18: but not at your price (11:47 AM) Buffy_04364: now is this a 2B? (11:47 AM) dave_b_quick: i just got back from taking my daughter to work and i see i didn't get stopped out while i was gone! (11:47 AM) Daniel X: Lunch! (11:47 AM) Daniel X: back in 10 mins (11:48 AM) Buffy_04364: nope you didn't dave! (11:48 AM) Buffy_04364: retro rules (11:48 AM) dave_b_quick: when it works, it works good (11:48 AM) Buffy_04364: if a 2B didn't make higher high so........ (11:48 AM) Buffy_04364: another test? (11:49 AM) 4nq: i hope i pass this time (11:50 AM) ppusa: new lows coming up, hour chart steep decline. HOD in, no one should buy this thing except me. (11:51 AM) Buffy_04364: go right ahead ppusa (11:51 AM) Buffy_04364: not something I would want to do today - will watch the bounces :-) (11:51 AM) ppusa: anyone still short from higher levels? (11:51 AM) dave_b_quick: yup (11:52 AM) ppusa: how high (11:52 AM) dave_b_quick: got short at 1635 and 1626 (11:52 AM) Buffy_04364: 1635 (11:53 AM) dave_b_quick: gonna add a rule to retro for putting on a 2nd contract (11:53 AM) ppusa: why 26? I see the 35 (11:53 AM) Buffy_04364: first one out at what dave (11:53 AM) Daniel X: i saw 24 (11:53 AM) dave_b_quick: first one i moved my stop to BE too soon, shoulda stuck with the retro rules (11:54 AM) Buffy_04364: ok and the from where? (11:54 AM) dave_b_quick: got back in off the 15m inside bar, 1626 (11:55 AM) Buffy_04364: tks (11:55 AM) dave_b_quick: k (11:55 AM) ppusa: 19 high of hour, I should have gone there. (11:55 AM) dave_b_quick: the new rule for retro is to put on a 2nd position if in the money and another entry signal (11:56 AM) ppusa: said might take out both ends of this hour. Took out low. See if we go for 1604 or die. (11:57 AM) ppusa: oh happy day (11:59 AM) ab_18: happy week still inside week (12:02 PM) Daniel X: 4NQ did u pass (12:03 PM) Daniel X: ? (12:03 PM) Daniel X: sell every bounce 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'. (12:04 PM) 4nq: i am using the famous Aviary system today (12:04 PM) Daniel X: which is? (12:04 PM) ppusa: Kinda oversold to be selling little bounces. (12:04 PM) ppusa: Wait for cross of MA (12:04 PM) 4nq: ....eat like a canary, crap like a condor!!!! (12:04 PM) Buffy_04364: higher low in on lower TF (12:04 PM) ppusa: sell above MA, buy below (12:04 PM) Daniel X: lolololol (12:05 PM) dave_b_quick: LOL 4 (12:07 PM) ppusa: Buffy, what chart are you looking at? (12:08 PM) Orprepus: moving back MA's (12:08 PM) Orprepus: 2m (12:08 PM) Buffy_04364: 60T 75T 2M 225T (12:08 PM) ppusa: dj, snp trading above ma. nas still below (12:08 PM) Buffy_04364: doesn't look like it is going to put in a higher high though (12:08 PM) dave_b_quick: retest of Friday low is 1582 (12:09 PM) Orprepus: might gbe a lower low (12:09 PM) Orprepus: there it is (12:09 PM) ppusa: Yes, Dow and S&P ready to be sold, nas not going means sell here. (12:09 PM) Buffy_04364: already did (12:10 PM) Buffy_04364: but not entirely comfortable with it yet (12:10 PM) coyote_4: proptrader demo today at 3:45 central time room proptrader to down load demo go to www.proedgeonline.com (12:11 PM) dave_b_quick: have you tried it coyote? (12:11 PM) Buffy_04364: I will be in the ensign class at that time (12:11 PM) Orprepus: ensing today (12:11 PM) Orprepus: need that spell checker (12:11 PM) Buffy_04364: LOL (12:11 PM) Orprepus: rt (12:12 PM) Buffy_04364: out (12:12 PM) ppusa: insync (12:12 PM) Orprepus: I came name that tune in 5 notes (12:12 PM) Buffy_04364: took my .5 and ran :-) (12:12 PM) Orprepus: limbo limbo how low will you goooooo (12:13 PM) ppusa: hard to go short here. (12:13 PM) Buffy_04364: yep it is so stop is tight (12:13 PM) ppusa: should break away from ma to downside but (12:13 PM) ppusa: hasn't yet (12:13 PM) Buffy_04364: time line in pyra too (12:13 PM) dave_b_quick: ya, it's always easier to stay short than to go short (12:13 PM) Orprepus: agree dave (12:13 PM) coyote_4: this is Jr_Steggy (12:13 PM) ppusa: i am holding long (12:14 PM) ppusa: probably be a tiiming thing in this area. (12:14 PM) dave_b_quick: hi JR (12:14 PM) coyote_4: hi guys (12:14 PM) coyote_4: new PC (12:14 PM) larrybf: dave- regarding your trader profiles- i am not too good at writing or typing but if there was a checkoff questionaire i would be very happy to fill it out (12:14 PM) Buffy_04364: Hi Howard (12:14 PM) ppusa: downtrend to steep to take out high of hour. (12:15 PM) dave_b_quick: larry, how about doing it as an interview? (12:15 PM) Buffy_04364: nice pyra chart Howard (12:15 PM) Ensign Software: hi, my PP on NQ was posted as image half hour ago. (12:15 PM) coyote_4: ok have a good day trading hope to see you all at the demo bring a friend very nice systemm to trade from (12:15 PM) larrybf: ok- but i dont have a mike (12:15 PM) Daniel X: come on 90 (12:15 PM) Orprepus: thxs howard (12:15 PM) Daniel X: 89 (12:15 PM) dave_b_quick: where you live, larry? (12:15 PM) Daniel X: 88 (12:15 PM) Daniel X: 87 (12:16 PM) larrybf: coyote what demo? (12:16 PM) larrybf: new york (12:16 PM) Buffy_04364: still waiting for my book they must of sent it snail mail :-) (12:16 PM) Ensign Software: Reminder of the Ensign Training class today at 3:30 pm Central in the Ensign Windows Users group room. All are welcome to join us. Todays subject will be New Features and Studies. (12:16 PM) dave_b_quick: i'll be in Queens for my daughters wedding next month (12:16 PM) Buffy_04364: will be there Howard (12:17 PM) Buffy_04364: need a typist today? (12:17 PM) dave_b_quick: seeya there, Howard (12:17 PM) Ensign Software: buffy, I will ask for ship date. (12:17 PM) Buffy_04364: it will get here when it gets here Howard (12:17 PM) larrybf: great- i would love to buy you dinner (12:17 PM) dave_b_quick: you're on! (12:17 PM) Ensign Software: all typing contributes to a better more complete transcript. (12:17 PM) larrybf: i will meet you in queens (12:18 PM) Buffy_04364: ok will do if you want - Kimball was cutting out last week - hopefully no problem this week (12:18 PM) dave_b_quick: Great! PM me yr contact info or put it in an e-mail. (12:19 PM) ric2: test (12:19 PM) larrybf: i will email you after market closes (12:19 PM) dave_b_quick: hi ric2 (12:19 PM) dave_b_quick: ok (12:19 PM) ric2: hi (12:19 PM) Buffy_04364: hi ric2 (12:20 PM) Orprepus: what a team (12:20 PM) dave_b_quick: are you a new fish in the pond, ric2? are you a trader? (12:20 PM) ric2: yes i try learning es mini (12:21 PM) ppusa: big group today (12:21 PM) Orprepus: hello roger (12:21 PM) Ensign Software: Kimball and I will type this week too, but the more the better. Excess can be groomed out of the final published transcript, but it is harder to add it in, or at least it takes more effort. (12:21 PM) dave_b_quick: welcome ric2, this is a good place for you (12:22 PM) Buffy_04364: hmmm, might we get a lot of duplication to edit out? (12:22 PM) jimbo_320: posted chart of potential es head and shouldersetup on daily (12:22 PM) ppusa: here we go (12:22 PM) dave_b_quick: out +28 (12:22 PM) ppusa: sweet (12:22 PM) ppusa: dude (12:22 PM) dave_b_quick: retro out +37.50 (12:23 PM) Buffy_04364: nice Dave (12:23 PM) dave_b_quick: ty (12:23 PM) ppusa: did anyone see that ridiculoously stupid movie "where's my car". (12:23 PM) Orprepus: great dave (12:23 PM) Ensign Software: Kimball was reading the Retrotrader rules I printed out and commented on the similarities it has to a system he has been working on and keeping a detailed track record of in paper trading the NQ and ES too. His system is already coded in ESPL and totally automatic in the trade results it publishes each day. Perhaps we can talk him into sharing or perhaps his can be converted into Retrotrader with little additional effort. (12:24 PM) Buffy_04364: that is interesting Howard (12:24 PM) Daniel X: dave i took 33 myself Retro style in 3 trades (12:25 PM) ppusa: going for 04...6 minutes to make it (12:25 PM) Buffy_04364: wonder what the main differences are between the two (12:25 PM) dave_b_quick: with the new rule i added today for retro to add positions, retro would be up 80 (12:25 PM) lesbi_4: any garment related (12:25 PM) ppusa: 10 point PbF reversed. (12:25 PM) Daniel X: by adding contracts? (12:26 PM) lesbi_4: in garment export (12:26 PM) Buffy_04364: so where would he of added the second contract dave (12:26 PM) dave_b_quick: ya, add another contract on each new signal (12:26 PM) Daniel X: i saw 3 new signals (12:26 PM) dave_b_quick: 2nd on inside bar @1626, 3rd on upbar @1613 (12:27 PM) Daniel X: sorry 2 new after the 35 sell (12:27 PM) Daniel X: exactly (12:27 PM) Buffy_04364: I see (12:27 PM) Daniel X: 24 for me and 13 (12:28 PM) dave_b_quick: the theory is to have the smallest position at the time of greatest risk, and bigger position at times of least risk & greatest probability of continuation (12:28 PM) Buffy_04364: yep (12:28 PM) Daniel X: so every swing high when short add a contract (12:28 PM) dave_b_quick: ya, basically (12:29 PM) beanman_1: Like Forest Gump trading (12:30 PM) beanman_1: sell every rally in DT and buy every dip in Uptrend (12:30 PM) dave_b_quick: increasing position size as you go? (12:30 PM) 4nq: decreasing (12:31 PM) Orprepus: like that idea of increasing positon size - ryan jones trading (12:31 PM) 4nq: increasing total pos. degreasing unit size (12:32 PM) dave_b_quick: so you put on your biggest position at the beginning of a trade 4? (12:32 PM) 4nq: y (12:32 PM) gravestonedoggie: is the gretest risk really at the beginning of the trend and the least risk at the end of trend? (12:32 PM) dave_b_quick: must be a hurter when you get stopped out? (12:33 PM) dave_b_quick: when you put on a trade you risk your whole crash stop (12:33 PM) gravestonedoggie: what nq is saying makes sense.. scale out as goes in your favor, not scale in Paltalk: Please support our sponsors by clicking on banners. (12:33 PM) cctraderx: makes sense - if in a trend, fewer contracts at end when wrong (12:34 PM) scottybythelake: Scale in on position trades. (12:34 PM) dave_b_quick: after you have 10 points in a trade, even risking 5 points on a second unit still leaves you 5 points profit, so no risk to your starting capital (12:34 PM) flash216: 5 (12:35 PM) gravestonedoggie: yes, dave, but it deteriorates your expectancy, if most of your winners prove to be in that range (12:35 PM) Daniel X: i've been scaling out (12:35 PM) dave_b_quick: ya, it would depend on the expectancy of yr system (12:35 PM) 4nq: but ur r figuring from wrong price (12:35 PM) gravestonedoggie: optimal position sizing really depends on your trade expectancy over time (12:36 PM) gravestonedoggie: if most of your trades are large winners, then adding as you go will work (12:36 PM) gravestonedoggie: if average move turns out to be modest, then adding will kill you (12:36 PM) dave_b_quick: in a scalping strategy like 4nq you have to start with the max position size, but for trend following system like retro it's the opposite (12:37 PM) Daniel X: ditto Dave (12:37 PM) Orprepus: agree (12:37 PM) Daniel X: y type faster (12:37 PM) gravestonedoggie: sure, but style is not as important as the trendiness of the market (12:37 PM) Daniel X: of course it is!! (12:37 PM) gravestonedoggie: if you add and makret is not trending, you will get bet up (12:37 PM) gravestonedoggie: beat (12:37 PM) Daniel X: scalps are in any market (12:38 PM) dave_b_quick: ya, in a choppy market retro only risks 1x the crash stop, when trend develops, will risk a portion of profit on probability of continuation (12:39 PM) 4nq: let's all post r statements........then i can tell u what is working the best! lol (12:39 PM) 4nq: lotsa ways to skin the mkt (12:39 PM) dave_b_quick: LOL, ya, 4nq has been doing this a lot longer than me too (12:39 PM) gravestonedoggie: will trends prove to be such that your system on average captures 20 pts, or 30 or 60? ... the expectancy of various position sizing approaches will vary based on that (12:40 PM) 4nq: whatever works for u ,use it..........until it stops (12:40 PM) dave_b_quick: will have to do more backtesting, GSD (12:40 PM) Daniel X: at the end of the week or month whatever Retro still out does any stlye (12:40 PM) gravestonedoggie: right (12:40 PM) Orprepus: just trade with the trend and we all win (12:41 PM) gravestonedoggie: worth backtesting and exploring it as dave suggests (12:41 PM) dave_b_quick: but today would have doubled the retro results with the additional positions, and on the chop days the results would have not been effected (12:42 PM) gravestonedoggie: seems to me on some chop days you would turn an even or small winner day into a loser by virtue of adds, no? (12:42 PM) gravestonedoggie: has to be (12:43 PM) dave_b_quick: you wouldn't have the chance to add unless a second leg develops (stop entry) (12:43 PM) Daniel X: exactly (12:43 PM) Buffy_04364: we can go back over the daily retrotraders charts and tell (12:43 PM) 4nq: i think coin flipping might work in 70% of mkts IF money management was good. MM is the key. (12:43 PM) Buffy_04364: agree 4NQ - keep losses small (12:44 PM) dave_b_quick: ya, Van Tharp backtested a coinflip system with good results (12:44 PM) gravestonedoggie: yes, but without adds, the 1st winner is awinner, period... with add, you may end up with the 2 trades being breakeven.. so your result deteriorated (12:44 PM) 4nq: i always wanted a session with him (12:45 PM) dave_b_quick: just read his book from the library, he gave me the position sizing idea, that's one of his key strategies (12:45 PM) gravestonedoggie: or the 2 trades together may end up net a smaller winner.. (12:45 PM) gravestonedoggie: i cant see how on chop day result would not be effeccted (12:46 PM) dave_b_quick: ya, GSD, statistically risking a percentage of profits tests out well (12:46 PM) Indycator: 4nq, we will all send you e-bucks so you can buy a session with V Tharp (12:46 PM) dave_b_quick: GSD, chop day results not effected because never get past one position (12:47 PM) 4nq: controlling loses should be like breathing.......if ya don't ya die. for me,biggest part of money mgrment is letting profits run. been workin on that one for a long,long time (12:47 PM) dave_b_quick: i'd like to do your seiminar, 4nq (12:48 PM) dave_b_quick: seminar (12:48 PM) gravestonedoggie: agree nq (12:48 PM) Daniel X: Retro's next entyr 94.50 (12:48 PM) Daniel X: or 1600.50 (12:49 PM) gravestonedoggie: if you ahve wide enoughh chop you cant get past 1 position? (12:49 PM) ppusa: that is the high and low of this hour (12:50 PM) ppusa: Is that really retro's entry? (12:50 PM) dave_b_quick: it's possible, GSD, but on 15m has to be real choppy (12:50 PM) gravestonedoggie: ok (12:50 PM) Daniel X: yes 15 min inside bar (12:50 PM) ppusa: interesting (12:51 PM) gravestonedoggie: be nice if we could stick this in a program and test a few years of data (12:51 PM) ppusa: I am going to nap. I will turn my speaker volume way up. Wake me (gently) if the market does anything important (12:51 PM) dave_b_quick: ya, ppusa, IF downtrend is to resume will get filled on downside breakout of 15m upbar (12:51 PM) 4nq: anyone have a trumpet?? (12:51 PM) ppusa: haha (12:51 PM) 4nq: hehe (12:51 PM) Orprepus: hehe (12:52 PM) rambler_12: sing him a lullaby (12:52 PM) ab_18: wake up gently pp (12:52 PM) Daniel X: Retro filled (12:52 PM) Daniel X: 94.50 (12:52 PM) ab_18: maybe here (12:52 PM) ppusa: I think on this particular trade retro may get nailed. (12:52 PM) ppusa: intereestiing (12:52 PM) Daniel X: but doldrums usually take it back more often than not!! (12:53 PM) ppusa: if that happens maybe retro should only go for 2 legs (12:53 PM) ppusa: we will see because at this point a third leg may still have a run (12:53 PM) dave_b_quick: ya, pusa, retro mignt get sopped out in triangle action here (12:53 PM) dave_b_quick: or higher low (12:54 PM) ppusa: stay tuned for answers. nap (12:54 PM) Indycator: everyone say hi to 1der (12:54 PM) cctraderx: what was said last week - trust the trade (12:54 PM) cctraderx: 1der found us (12:54 PM) dave_b_quick: ya, ppusa, the highest probability and profitability is probably on the middle leg of a 3 leg move (12:54 PM) cctraderx: hi w (12:54 PM) Daniel X: Retro has got to have a doldrums rule (12:55 PM) cctraderx: hi 1der (12:55 PM) dave_b_quick: working on it Dan (12:55 PM) Orprepus: hey 1der - whats the city like today (12:56 PM) 1der: FOGGY What else!!! Hi everyone :) (12:56 PM) beanman_1: Dave, that is correct.. wave 3 of a 3 (12:56 PM) Indycator: 1der, Orp didn't ask what you your brain was like (12:56 PM) Orprepus: lol - sunny in the south bay (12:57 PM) 1der: Nice to be back with friends!!!! LOL! (12:57 PM) Orprepus: too cold to think in the city (12:57 PM) Indycator: it is open season in the free room, 1der (12:57 PM) 1der: Orp, of course its Sunny, Your property is worth more :) (12:58 PM) Daniel X: Retro stopped (12:58 PM) dave_b_quick: long time no see 1der (12:58 PM) Daniel X: retro filled 1601 (12:58 PM) Orprepus: hey it drop 23% last qtr (12:58 PM) 1der: dave ;) (12:58 PM) Orprepus: dot gone effects (12:59 PM) ppusa: I'm napping, keep the noise down! retro rule 2 legs (12:59 PM) 1der: I guess all the Hot Air from the DotComs keeps the fogg away (12:59 PM) 1der: LOL! (12:59 PM) Orprepus: lol (12:59 PM) Orprepus: thats dot gone - and the city had more than the south bay (01:00 PM) 4nq: heard commercial real estate in SF is down 50%+ (01:01 PM) Orprepus: chop chop retro (01:01 PM) 1der: Ya, but residential is still going up and selling well. (01:01 PM) Daniel X: I think Retro has to dial down to 9/3 combo..let's see how that works (01:01 PM) Buffy_04364: Hi 1der! (01:02 PM) 1der: Hi Buffy, I was thinking about you last night :) (01:02 PM) 1der: Wondering where you were (01:02 PM) gravestonedoggie: 1dering (01:02 PM) Orprepus: just amazes me that a lot of people want to live in one of the coldest places in the bay area (01:03 PM) 1der: GSD Wuz Up??? (01:03 PM) Buffy_04364: you found me 1der (01:03 PM) Buffy_04364: usually here (01:03 PM) gravestonedoggie: hehe.. how you doing? where you been hiding? Paltalk: Press the INVITE button NOW! Get your friends in on the fun! Invite them to join us on PalTalk today! (01:03 PM) Orprepus: just need cj and his great charts (01:04 PM) Buffy_04364: time line on pyra (01:04 PM) Buffy_04364: yes cj does (01:04 PM) gravestonedoggie: i saw that movie, " the 1derers" (01:04 PM) 1der: GSD, been hanging in eitr T's or Mike's rooms (01:04 PM) Buffy_04364: Mike occasionally visits us (01:04 PM) gravestonedoggie: oh, i c (01:04 PM) ppusa: Nas has rounded bottom on daily. Orp, what if we did close flat? Then 200 point PnF would suggest 1800 (01:05 PM) cctraderx: thought you were napping (01:05 PM) ppusa: i talk in my sleep (01:05 PM) Buffy_04364: LOL (01:05 PM) cctraderx: LOL (01:05 PM) Orprepus: hey who woke you up (01:05 PM) ppusa: phone rang (01:05 PM) cctraderx: LOL - turn ringer off (01:05 PM) ppusa: back to sleep (01:06 PM) Daniel X: deposite your money here account # 4635467 deposite your money here account ..... (01:06 PM) Daniel X: repeat after me (01:06 PM) ppusa: prefer sheep (01:06 PM) Orprepus: LOL (01:07 PM) Buffy_04364: giggle (01:07 PM) Indycator: 1der, you were thinking about buffy last night? hmmmm (01:07 PM) Daniel X: your getting sleepy deposit ur money here..... (01:07 PM) ppusa: knock it off!! (01:07 PM) Daniel X: lol (01:07 PM) Orprepus: LOL (01:08 PM) Buffy_04364: :-) (01:08 PM) 1der: Well I wasn't thinking about YOU INdy LOL! (01:08 PM) Buffy_04364: giggle (01:08 PM) Indycator: dang (01:09 PM) Indycator: or....thank goodness (01:09 PM) cctraderx: being from the city, that might be good indy, hehe (01:09 PM) 1der: LOL! (01:09 PM) Buffy_04364: what is it going to do now? (01:09 PM) Orprepus: bear flag 16M - moving to MA's (01:09 PM) 1der: 16 min, that is new :) (01:09 PM) ppusa: no way Jose (01:09 PM) Buffy_04364: not with higher low IMO (01:09 PM) Indycator: 1der, you should check out the 17M (01:10 PM) Daniel X: 3 box PnF (01:10 PM) Daniel X: 3 min (01:10 PM) Orprepus: 1 der you live near castro (01:10 PM) Buffy_04364: winding up for something though (01:10 PM) Daniel X: but signal on 15 min PnF (01:10 PM) Daniel X: buy (01:10 PM) gravestonedoggie: miami? (01:10 PM) 1der: Orp, Everywhaer in SF is near Castro (01:10 PM) Orprepus: LOL (01:10 PM) ppusa: high last hour 04, this one 2.5 (01:10 PM) 1der: It's in the middle of the city (01:11 PM) Orprepus: easy access i hear (01:11 PM) ppusa: now 04 (01:12 PM) ppusa: gonna take you higher (01:12 PM) Orprepus: pp hoping for bear flag - don't like that 1800 (01:12 PM) Daniel X: Retro's move to 9/3 combo working out so far long @ 98 (01:12 PM) Indycator: 1der, you move to Havana? (01:12 PM) Daniel X: me 1601 (01:13 PM) gravestonedoggie: hehe (01:14 PM) Daniel X: 3 min Pnf looking good (01:14 PM) gravestonedoggie: lives by the bay of pigs (01:14 PM) gravestonedoggie: i 1der what that name is about (01:15 PM) 1der: Indy, you out there man ! (01:15 PM) ppusa: went to sell longs and bot 2 more. (01:15 PM) ppusa: sold them (01:15 PM) ppusa: and one long (01:15 PM) 1der: GSD it came from "1 -duh" if you are from the east coast LOL! (01:15 PM) gravestonedoggie: hehe (01:15 PM) Daniel X: out +4 myself (01:16 PM) gravestonedoggie: no, i meant the name 'bay of pigs' (01:16 PM) Daniel X: Retro still in (01:16 PM) gravestonedoggie: 1 duh deserves another (01:16 PM) 1der: he he (01:16 PM) ppusa: Orp look at the dow and snp chart. They suggest nas might hold. They are no where near their lows. Although I agree with your scenario, this must be considered. (01:17 PM) ppusa: daily charts (01:17 PM) gravestonedoggie: that's 1-duh-ful (01:18 PM) Orprepus: PPusa - if dow, sp and nasdaq stay in range from monday i think we are ok going into next week (01:18 PM) Orprepus: daily sure (01:19 PM) Daniel X: Moon cycles say bid down day thursday if u beleive in that! (01:19 PM) Orprepus: just filling the step down from alst week (01:19 PM) Daniel X: bid = big (01:19 PM) Orprepus: alst = need spell checker real time (01:20 PM) Daniel X: sorry i mis interpreted low will be in thursday (01:20 PM) Daniel X: not the same meaning is it! (01:20 PM) ppusa: no sir (01:20 PM) jimbo_320: maybe the reason retro works well is because, it has fixed rules, there is no human factor involved. It is not based on rational because the market is not, no bottom, top picking ..... (01:20 PM) Daniel X: filled again 6.5 (01:21 PM) ppusa: out (01:21 PM) ppusa: buy dip (01:21 PM) jimbo_320: does the new retro pyramiding include exiting, or is it all or nothing? (01:21 PM) Daniel X: Retro still in from 1601 on 15 min and doldrum chart 9 min @98 (01:21 PM) Orprepus: dan-x - I think you can hold long through the train (01:22 PM) ppusa: 1x6 PnF has acrophobia (01:22 PM) Daniel X: hope so ORP (01:23 PM) ppusa: this be swing high for awhile? (01:23 PM) ppusa: I buy dip, then breaky (01:24 PM) Orprepus: nq where are you with 200ma (01:24 PM) Orprepus: just bounced? (01:24 PM) Orprepus: nq= 4nq (01:24 PM) Orprepus: dan-x missed the 200 ma (01:25 PM) boomer_95: Daniel..where ya getting the moon cycle info? (01:25 PM) ppusa: okay flagman, another leg or hold? (01:25 PM) Daniel X: saw it posted @ Clearststion (01:25 PM) gravestonedoggie: matter of fact, nq just kissed 200 ma on 1 min (01:26 PM) ppusa: 15 point PnF reversed (01:26 PM) gravestonedoggie: 200 ma = 20 ma on 10 min chart (01:26 PM) ppusa: up and 1x6 reversed down (01:27 PM) Orprepus: watch it on 2m (01:27 PM) gravestonedoggie: one man's 200 ma is another man's 20 (01:27 PM) ppusa: 1x6 no longer has acrophobia (01:27 PM) Orprepus: also pull back on BB (01:27 PM) Orprepus: 100ma (01:27 PM) Orprepus: for me (01:28 PM) gravestonedoggie: so 200 on 2 = 20 ma on 20 min (01:28 PM) gravestonedoggie: 2 min nq did doji at upper bb (01:29 PM) ppusa: i makey big mistakey (01:29 PM) ppusa: bot back (01:30 PM) Daniel X: Retro still long @1601 15min and @ 98 9min (01:30 PM) Orprepus: 200ma 1m = 100ma 2m = 50ma 4m = 20ma 10m etc.. (01:30 PM) gravestonedoggie: ya (01:31 PM) Orprepus: what is for my 16m? (01:31 PM) ppusa: i didn't think of that Orp (01:31 PM) gravestonedoggie: what is what for 16M? (01:31 PM) Orprepus: had to change color to burnt orange to see it better (01:32 PM) ispec_cj: Hi everyone, just posted updated chart of NQ.. (01:32 PM) cctraderx: hi cj (01:32 PM) Orprepus: what SMA for 16M that equals 200MA 1M? (01:32 PM) Orprepus: hey cj (01:32 PM) dave_b_quick: thanks, CU (01:32 PM) dave_b_quick: CJ (01:32 PM) Buffy_04364: hi CJ (01:32 PM) ispec_cj: Hi all :) (01:33 PM) gravestonedoggie: 12 2/3 ma, orp (01:33 PM) gravestonedoggie: on 16m (01:33 PM) dave_b_quick: have you been leading the 90 minutes group with Teresa, CJ? 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!!! (01:34 PM) ispec_cj: dave, yes, I've been in and out of T's room.. (01:34 PM) Orprepus: thxs (01:35 PM) ispec_cj: oh, leading??!! NO ! LOL (01:35 PM) ispec_cj: no leading LOL (01:35 PM) Buffy_04364: nice chart as usual cj (01:35 PM) Buffy_04364: Howard has also posted an updated pyra (01:35 PM) ispec_cj: thnx Buffy.. (01:36 PM) QSuzy: Hi cj.....what's the time frame on the NQ chart? I should be able to tell but bars look different from all my time frames..... (01:36 PM) Orprepus: nice chart cj (01:36 PM) ispec_cj: Hi, SuzyQ, that is a 10M chart...glad to see you around again btw (01:37 PM) QSuzy: Thanks.....good to be back and good to see you too!!..... (01:37 PM) Daniel X: retro still long (01:37 PM) Daniel X: 1601 15min and 1598 9 min (01:38 PM) Orprepus: hitting 200ma again (01:39 PM) Daniel X: on what chart? (01:39 PM) Orprepus: 2m & 4M (01:39 PM) Orprepus: nq (01:39 PM) Daniel X: mt 40 ema is at 1607 (01:39 PM) Daniel X: oh ok (01:39 PM) Daniel X: my 200 is at 1623 (01:39 PM) Daniel X: 5 min (01:40 PM) Orprepus: it is resistance (01:40 PM) Orprepus: dan-x 200sma 1m = 40sma 5M (01:40 PM) Daniel X: true (01:41 PM) Buffy_04364: lower high (01:41 PM) Orprepus: gsd - 16M 200sma not working (01:41 PM) Daniel X: back in 5 mins (01:41 PM) gravestonedoggie: how so, op? (01:41 PM) Buffy_04364: 75T posted (01:41 PM) Orprepus: triangle thingy (01:41 PM) Buffy_04364: yep that is what it shows (01:42 PM) gravestonedoggie: 200 on 1 ma, equal about 13 on 16 min (01:42 PM) gravestonedoggie: 200 on 1 min (01:42 PM) Buffy_04364: close to time line in pyra (01:42 PM) QSuzy: Retro traders.....been reading about this trade....looks good for someone trying to get away from smaller time frames.......Question: When did you start looking for a long trade? On what looks like 2B test at 12:10pm or higher low on 5min chart at 12:55pm?? (01:43 PM) Daniel X: buys 15 min breakouts (01:43 PM) Orprepus: thxs gsd - 13 looks better (01:44 PM) Orprepus: triangle break (01:44 PM) Daniel X: Retro still long never stopped out from 1601 15 and 1598 9 min (01:44 PM) Orprepus: broke through 200sma 1m (01:45 PM) Daniel X: QSuzy as in Suxy Q from Jerry's room? (01:45 PM) QSuzy: Daniel.....nope.....she's an imposter, I guess! (01:45 PM) ab_18: indu 5 min above 200ma this bar (01:45 PM) gravestonedoggie: right op (01:45 PM) Daniel X: oh ok (01:47 PM) 1der: Catch ya later, have to get something to eat :) (01:47 PM) Orprepus: see 1 der (01:47 PM) dave_b_quick: suzy, the 5m 2B at 12:10 qualifies as a 5m reversal signal for retro to take upside breakout of the 15m bar. I was just getting stopped out of the short and missed that entry at 1597.50 (01:48 PM) Daniel X: thnx Dave (01:50 PM) dave_b_quick: Since that entry signal was the same as the exit signal i would have had to earn my handle to catch it (01:51 PM) QSuzy: Thanks dave.....retro long now has a stop a tick below 1598, right?......Once a trade is in the money, the stop may well exceed 5 points from current price....am I interpreting this correctly? (01:51 PM) dave_b_quick: usually there's more space between the exit and the next entry (01:51 PM) Daniel X: i dialed down to 9/3 min combo during doldrums to catch earlier entries (01:51 PM) Daniel X: 98 9 min was entry (01:52 PM) dave_b_quick: right, suzy (01:52 PM) Daniel X: trying to decide if Doldrums should be for scalping only! (01:52 PM) Buffy_04364: back into triangle (01:53 PM) Orprepus: below 200sma 1m (01:53 PM) QSuzy: I've been looking at retro charts.....I like some of those daily returns! (01:53 PM) Buffy_04364: diabolical thought - can this be one big bear flag on 12M and 15M? (01:54 PM) Buffy_04364: 5M also (01:54 PM) Daniel X: we are all aspiring to be Retro! (01:54 PM) Roger Schelling: yea Buffy.....wedge for sure on 15 M huh? (01:55 PM) dave_b_quick: ya, suzy, we all like those big numbers. It's hard to catch every trade tho. I'm still working on it, but sometimes i think i have ADD. (01:55 PM) Roger Schelling: i watchng retro too......:) sure want to see how that reverse plays on when or IF the wedge has to "return from whence it came " (01:55 PM) ppusa: out (01:55 PM) Buffy_04364: just posted 5M (01:56 PM) ppusa: overslept (01:56 PM) gravestonedoggie: agree buffy (01:56 PM) Buffy_04364: we will wait and see but at least now we are ready if it is :-) (01:56 PM) Daniel X: when i xlap my hands you will forget every thing you heard while asleep! (01:57 PM) Daniel X: clap (01:57 PM) dave_b_quick: actually that last 5m downbar fits the definition posted for wimpy 2B (01:57 PM) Buffy_04364: giggle (01:57 PM) Daniel X: Dave meaning it 's a hold? (01:57 PM) Orprepus: LOL (01:58 PM) Buffy_04364: true Dave it does - of the last swing high (01:58 PM) Buffy_04364: right? (01:58 PM) dave_b_quick: dan if you go by the letter of the law it's an exit at1603 (01:58 PM) Orprepus: ppusa i'd call your broke just to check on your account (01:58 PM) Daniel X: thnx (01:58 PM) ppusa: i are bumping 15 min moving averages. should turn back down. (01:59 PM) ppusa: hang on, phone call (01:59 PM) ppusa: whaddya mean I have no $$$ (01:59 PM) Daniel X: 15 min inside bar (01:59 PM) dave_b_quick: and by the letter of the rule it would be a short at the next downside 15m bar break (01:59 PM) Daniel X: sell 98.50 (02:00 PM) Orprepus: bear flag 60M (02:00 PM) cctraderx: oh, Buffy - good call (02:00 PM) ppusa: dan did you dump your longs (02:00 PM) Buffy_04364: tks cc (02:01 PM) Daniel X: yes (02:01 PM) ppusa: retro short now? (02:01 PM) cctraderx: that's why dave gave you a hammer - :-) (02:01 PM) Daniel X: 98.50 yes (02:01 PM) Buffy_04364: LOL (02:01 PM) ppusa: glad I woke up in time (02:02 PM) ppusa: where was the trumpet/ (02:02 PM) ppusa: ? (02:02 PM) dave_b_quick: ya, retro short 1598.50 (02:02 PM) Buffy_04364: we were still digesting the fact that that is what it might be (02:02 PM) Roger Schelling: Was the net on long a loss Daniel ? for retro ? (02:03 PM) Buffy_04364: Mike is right - take a break and you see things you missed before (02:04 PM) Daniel X: no out +2 (02:04 PM) Daniel X: on 15 min Paltalk: To visit our sponsors, click on banners! (02:04 PM) Buffy_04364: my stop at 99 (02:04 PM) Daniel X: +5 on 9 min (02:04 PM) Buffy_04364: which locks in 2 (02:04 PM) Daniel X: 1601 long (02:04 PM) ppusa: 1608.5 nice swing high on 15 minute (02:04 PM) Daniel X: nevermind (02:04 PM) Buffy_04364: that was such a nice gravestone candle on the nine too daniel (02:04 PM) ppusa: I think we may just have needed that little more up from 1600 to completee consolidation (02:05 PM) gravestonedoggie: hehe (02:05 PM) Buffy_04364: we wil see hit my stop (02:05 PM) gravestonedoggie: glad you liked it (02:05 PM) Buffy_04364: :-) (02:06 PM) Buffy_04364: it was a perfect one GSD! (02:06 PM) Daniel X: caution before 2:20 train!!!!!! (02:07 PM) Buffy_04364: short again at 96 (02:07 PM) Buffy_04364: will be tight (02:07 PM) cctraderx: well got orders in place - going out for a few to see if can refresh (02:07 PM) ppusa: Looks to me like new lod due (02:08 PM) Buffy_04364: thanks for reminder daniel (02:08 PM) Daniel X: ditto (02:08 PM) ppusa: Price is sliding down BB (02:09 PM) dave_b_quick: da boyz should certainly help us take out the sell stops under LOD here... 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. (02:10 PM) ppusa: PnF and hour say likely another leg down (02:10 PM) ppusa: although dbl btm (02:10 PM) ppusa: they usually get broken (02:11 PM) Buffy_04364: just posted a pyra (02:11 PM) Daniel X: out +2 (02:12 PM) Daniel X: .5 (02:13 PM) dave_b_quick: 1599 would confirm higher low for retro and get me out 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. (02:16 PM) gravestonedoggie: cracked gas, eh? (02:16 PM) ppusa: 81 to 78 (02:17 PM) Buffy_04364: that is where we are headed ppusa? (02:17 PM) Buffy_04364: or gas? (02:17 PM) ppusa: 82 to 78 down 27 (02:17 PM) ppusa: 270 (02:17 PM) Daniel X: Careful short side (02:17 PM) gravestonedoggie: trading unleaded is a gas (02:17 PM) Daniel X: trian can trap you (02:17 PM) Daniel X: train (02:17 PM) Buffy_04364: yes just didn't know if his figures were for gas or nq (02:18 PM) Buffy_04364: both fit :-) (02:18 PM) gravestonedoggie: nq been taking on gas (02:18 PM) Buffy_04364: LOL (02:18 PM) dave_b_quick: ya, keeping my SL at the top of the last 5m bar (02:18 PM) gravestonedoggie: call it the unnatural gas contract (02:18 PM) ppusa: hit BB on 1 min and pinged like a pong (02:18 PM) Daniel X: .5 points from stop limit @89.50 and noe the train (02:19 PM) dave_b_quick: can't believe that's all the test we get (02:19 PM) Buffy_04364: and don't adjust it for inside bars - or at least watch that and see how it works out (02:19 PM) Roger Schelling: now that's a 2B with thrust on the 1 min (02:19 PM) Roger Schelling: but already at target (02:20 PM) Buffy_04364: yep and it doesn't look like it wants to keep going either (02:20 PM) Buffy_04364: but who knows roger (02:20 PM) ppusa: easdy boys (02:20 PM) dave_b_quick: can't leave those juicy stops under LOD!! (02:20 PM) Buffy_04364: ? (02:20 PM) Roger Schelling: yup (02:21 PM) Buffy_04364: bulls are putting up a fight here (02:21 PM) ppusa: lots of double and triple and quadruple and what ever comes after that here. (02:21 PM) Roger Schelling: that ws one just like the teacher teaches :) (02:21 PM) ppusa: bottoms (02:21 PM) Buffy_04364: yes it was roger (02:21 PM) dave_b_quick: doesn't show on the 5m yet, but I'm gone +2 (02:21 PM) Buffy_04364: bulls won (02:21 PM) ppusa: i will be pieio'd if we don't break (02:22 PM) Buffy_04364: don't blame you Dave (02:22 PM) dave_b_quick: one more tic down and would have hit major sell stops (02:22 PM) Daniel X: mine is there@ 89.50 (02:23 PM) Daniel X: looking @99.50 long (02:23 PM) dave_b_quick: STOP/Limit i hope... (02:23 PM) Daniel X: yes (02:23 PM) Buffy_04364: think they will still try for it? (02:23 PM) Daniel X: always (02:23 PM) ppusa: this looks like swing high on a 5min (02:23 PM) Daniel X: the train be careful (02:24 PM) ppusa: first swing on a 15, then swing on a 5 (02:25 PM) ppusa: hitting top BB on one minute (02:25 PM) Buffy_04364: yep another battle going on for sure (02:26 PM) Orprepus: vol low (02:26 PM) Daniel X: i feel a spike coming (02:26 PM) Buffy_04364: down I hope Daniel (02:26 PM) gravestonedoggie: sorry to hear that (02:26 PM) Daniel X: mee too (02:26 PM) Roger Schelling: man wonder if they can crack EBAY under 60 this time.......PE 212 or sum10 like that (02:27 PM) Buffy_04364: sounds like a good candidate for it roger (02:27 PM) Daniel X: although Train trade could take it the other way (02:27 PM) dave_b_quick: gonna risk 4 on the short side again for the stop run (02:27 PM) gravestonedoggie: msft has broken key support in 64-65 area (02:27 PM) Buffy_04364: I am short and have .5 at risk (02:27 PM) Buffy_04364: thanks gsd (02:27 PM) Buffy_04364: that is something (02:27 PM) Orprepus: msft below 64? (02:27 PM) cctraderx: the only thing about ebay is that it's one of the few that makes money (02:27 PM) Buffy_04364: how about ibm (02:28 PM) Daniel X: stop limit @ 89..50 although looking to cancel (02:28 PM) Buffy_04364: that just stays up there not matter what they do or say (02:28 PM) Buffy_04364: lost my .5 (02:28 PM) gravestonedoggie: aol has been selling off a few weeks now (02:28 PM) Buffy_04364: oh well reward was worthit (02:29 PM) Buffy_04364: yep noticed that last night (02:29 PM) Buffy_04364: higgher low (02:29 PM) Buffy_04364: hmmm another flag? rebound? I know the TRAIN :-) (02:30 PM) Daniel X: careful (02:30 PM) Buffy_04364: hitting resistance on teh pyra chart now (02:31 PM) Buffy_04364: tagged 200ma on 1m (02:32 PM) jimbo_320: 100 ema at 1190 (02:32 PM) Orprepus: db on 60m very rare (02:32 PM) Buffy_04364: does it usually hold Orprepus? (02:33 PM) Orprepus: nice call on the spike dan (02:33 PM) Buffy_04364: yes it was (02:33 PM) Daniel X: train 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'. (02:33 PM) Orprepus: db usually taken out (02:33 PM) Buffy_04364: tks (02:34 PM) Daniel X: 1602 res (02:35 PM) Buffy_04364: hit top of BB on 2M also (02:36 PM) Orprepus: hit apex of up&dn channel on 2M (02:36 PM) Buffy_04364: I have a tl coming up (02:37 PM) dave_b_quick: HOD is only 40 points away for you longs (02:37 PM) Orprepus: 2m coming on 4m (02:37 PM) Orprepus: LOL (02:37 PM) Orprepus: will take it out overnight if not sooner - aghh (02:38 PM) Orprepus: dow just keeps hanging in there (02:39 PM) Buffy_04364: on the tme line now (02:40 PM) Buffy_04364: just noticed that last up swing tagged the bottom of the flag line (02:40 PM) gravestonedoggie: split market today.. nq weak, a number of areas elsewhere strong (02:40 PM) cctraderx: what areas gsd (02:41 PM) gravestonedoggie: cyclicals, drugs, oils, foods (02:42 PM) dave_b_quick: so we still get the downside stop run, buffy? (02:42 PM) Orprepus: short (02:42 PM) Daniel X: hope more than that Dave (02:42 PM) cctraderx: t y gsd (02:42 PM) Buffy_04364: who knows Dve but on board (02:43 PM) gravestonedoggie: maybe if nq breaks support, that may get market's attnetion (02:43 PM) Daniel X: stop limit @89.50 for me (02:43 PM) Buffy_04364: it sure would GSD (02:43 PM) gravestonedoggie: sp is 6 pts above low, while nq right about on its low (02:44 PM) gravestonedoggie: lod, that is (02:44 PM) Roger Schelling: This is that fierce sell off after 2B........T tells about.if it survives this with a higher low.........well (02:44 PM) Buffy_04364: stop hit (02:45 PM) ppusa: been on phone (02:45 PM) Daniel X: in or out Buffy? (02:45 PM) ppusa: IOrp, short? (02:45 PM) ppusa: Orp (02:45 PM) Orprepus: y (02:45 PM) Daniel X: stops cleaned (02:45 PM) Daniel X: filled 89.50 (02:46 PM) Orprepus: 96.5 entry (02:46 PM) larrybf: did program sell begin? (02:46 PM) ppusa: my chart says good follow through on drop (02:46 PM) dave_b_quick: nice, orp (02:46 PM) larrybf: NQ? (02:46 PM) Orprepus: yes we had a program sell order hit (02:46 PM) Orprepus: the spoos (02:46 PM) jimbo_320: short from 1600 nq, 1190 es .... (02:46 PM) cctraderx: spike up, spike down (02:47 PM) ppusa: below 82.5 (02:47 PM) cctraderx: trend change up, change down (02:47 PM) ppusa: many sell signals (02:47 PM) larrybf: Orprepus- where do I get that info? (02:47 PM) cctraderx: pp - nq (02:47 PM) Orprepus: watching PREM (02:47 PM) cctraderx: nq - signals? (02:48 PM) ppusa: yes but would be true for all I assume (02:48 PM) cctraderx: y, thanks (02:48 PM) Roger Schelling: yea this time no thrust on the 2B as I see it ....yet (02:48 PM) Roger Schelling: 1m (02:48 PM) larrybf: thanks (02:49 PM) ppusa: deer here (02:49 PM) dave_b_quick: deer in headlights? (02:49 PM) jimbo_320: tick needs to go -ve here (02:49 PM) Orprepus: dow giving it up (02:50 PM) ppusa: last night I was in this rural area with lots of deer. I saw one and could really relate to the guy (02:50 PM) larrybf: dave- what is retro status? (02:51 PM) Orprepus: pp - didn't know George W was at south shore (02:51 PM) dave_b_quick: sorry, i got caught up on the LOD drama and shot from the hip without asking retro first, lemme look (02:51 PM) dave_b_quick: 5m 2B (02:52 PM) larrybf: thanks (02:52 PM) dave_b_quick: but my stop was a little wider, and still short (02:53 PM) larrybf: stops adjustable? (02:53 PM) dave_b_quick: retro would be out (02:53 PM) larrybf: ok (02:53 PM) Orprepus: took out db on 60m (02:53 PM) jimbo_320: st out es +3.5 (02:53 PM) Orprepus: money in the bank that one is (02:54 PM) jimbo_320: sell the bug green spike to key resistance (02:55 PM) jimbo_320: oops, big green (02:55 PM) Orprepus: LOL (02:55 PM) Orprepus: come on take out 82.50 (02:56 PM) jimbo_320: nq st 1593, tempted to bail here (02:56 PM) ppusa: Hour chart has now gone sideways enough to look god ififif it wanted to bounce. It has my permission. But looks and feels more like 2nd leg due down as I know we all (i think) expect. (02:56 PM) ppusa: good (02:57 PM) jimbo_320: tick set lower high on that spike up (02:57 PM) ppusa: basement please (02:57 PM) Orprepus: adx rising again (02:58 PM) ppusa: parking level 4 (02:58 PM) Orprepus: 82.50 please (02:58 PM) 4nq: looks too easy here (02:58 PM) Orprepus: bond close coming (02:58 PM) ppusa: might want buy orders in (02:59 PM) 4nq: 1576 in cash is a big one (02:59 PM) Orprepus: yes (02:59 PM) Roger Schelling: minor new lows with no 2B thrust= grind down (03:00 PM) dave_b_quick: 15m 2B trigger at top of current bar in another minute or so (03:00 PM) Orprepus: hitting support area and lower vol (03:00 PM) Buffy_04364: nice to have you typing Roger :-) (03:00 PM) 4nq: u people talk a lot re trains..........I have caught 4, missed 5, been thrown off 6, and run over by 2! I am going for a boat ride!!!! (03:00 PM) Buffy_04364: LOL (03:01 PM) cctraderx: ROFLMAO (03:01 PM) jimbo_320: i am out nq +13 (03:01 PM) Buffy_04364: ditto (03:01 PM) dave_b_quick: LOL 4, wear yr lifejacket (03:01 PM) dave_b_quick: good job, jimbo! (03:02 PM) Orprepus: nice jimbo (03:02 PM) Roger Schelling: Hey Buffy it all 2B or not 2B.......just glad to be with folks that know what the heck i'm talking about :) (03:02 PM) Buffy_04364: yes good info Jimbo (03:03 PM) jimbo_320: probably too soon but as they say 'take profits' Paltalk: Please visit our advertisers by clicking on banners. (03:03 PM) jimbo_320: O, got that one from you sell top of downtrend line, low risk high reward (03:04 PM) Buffy_04364: there was never a doubt in my mind about you knowing what you are talking about Roger! I visit your website :-) (03:04 PM) dave_b_quick: ditto, roger, it's really good for me to have the privilege of rubbing elbows with such a great bunch of accomplished traders (03:04 PM) Roger Schelling: ahhhh (03:04 PM) Orprepus: ditto roger (03:04 PM) Roger Schelling: anohterm minor newlow........no thrust..in reverse as yet (03:04 PM) Roger Schelling: another (03:04 PM) 4nq: less than 200 points to April lows.........make ur resevations now! (03:05 PM) 4nq: what's the url,Roger? (03:05 PM) cctraderx: roger - what's your site again (03:05 PM) Roger Schelling: hangon (03:05 PM) Roger Schelling: http://www.esnap.net/rschelling/ (03:05 PM) Roger Schelling: Now that's a scratch pad site so....if you want charts...just save ......them to changes in any discussion i happen to be in :) (03:06 PM) Roger Schelling: but welcome to any or all (03:07 PM) dave_b_quick: NQ 15m 2B close (03:08 PM) Buffy_04364: really do have to watch that pyra better - posted (03:09 PM) Ensign Software: Just a reminder that Ensign training class on studies starts in 1 hour 25 minutes, at 3:30 central. Please join us. (03:09 PM) Ensign Software: just posted another NQ chart with PP on dacharts_dachart_dacharts_dachart folder for today. (03:09 PM) Daniel X: problem with best made me lose 12.5 points i'll be back in a bit gotta check thru trades (03:10 PM) Buffy_04364: the 4M sure is working today Howard (03:11 PM) Ensign Software: Buffy, please round up your fellow traders from this room to follow you over to the training class after the market closes. Thanks. (03:11 PM) beanman_1: also posted 15 min pyra chart (03:11 PM) Buffy_04364: will remind them Howard (03:11 PM) Ensign Software: yes, see the PP chart I just posted with all key tops on EOS (03:11 PM) Buffy_04364: yep but working great for nq also (03:12 PM) Ensign Software: my chart example was NQ (03:12 PM) cctraderx: could you do one for es also? (03:12 PM) cctraderx: nq chart looks great (03:13 PM) Ensign Software: ok, give me 1 moment to mark it up and post it. (03:13 PM) ppusa: am I the only one long? (03:13 PM) Orprepus: nice bman (03:13 PM) cctraderx: nice bman (03:14 PM) beanman_1: thks orp... those indicators came right out of the pyra book (03:14 PM) Orprepus: bman what is asi indicator (03:15 PM) 4nq: i'm long ,pp........and exiting here (03:15 PM) 4nq: flat now (03:15 PM) wlevicki: yes i could never get it to run, after pasting from EW site (03:15 PM) beanman_1: Wilders Accumulative Swing indicator.. ESPL code avail. at Ensigh website (03:15 PM) Orprepus: thxs (03:16 PM) jimbo_320: had a 1585 limit buy set but didn't send it, wish i did (03:16 PM) ppusa: I figure I will deal with it if we break (03:19 PM) 4nq: nq taking on a little long weight.........so it can come down farther (03:19 PM) Orprepus: post 120M NDX update (03:19 PM) Orprepus: down the channel (03:19 PM) jimbo_320: could be setting up w bottom ? (03:19 PM) ppusa: sold 1 (03:20 PM) Buffy_04364: what TF jmbo? (03:21 PM) 4nq: diet time (03:22 PM) ppusa: taking onm weight (03:22 PM) ppusa: on (03:22 PM) jimbo_320: i was looking on the 8 min but that green candle just turnd into a hangman so mnnn.. (03:22 PM) ppusa: 4nq like that expression (03:22 PM) Ensign Software: ES chart with Pyrapoint End of Squares marked just posted to dacharts_dachart_dacharts_dachart folder. (03:22 PM) Ensign Software: walter, the ASI tool on the web site has been updated and works with current version of EW. (03:23 PM) Buffy_04364: thanks Howard (03:23 PM) cctraderx: thanks Howard - wow (03:23 PM) dave_b_quick: I don't speak Italian or Portugese or whatever that was (03:24 PM) Orprepus: thxs howard (03:24 PM) beanman_1: Howard...Is that chart anchored at low? Lately I have not been able to get Pyra to anchor at Low (03:24 PM) wlevicki: Thanks howard just seen response (03:25 PM) Ensign Software: both examples are anchored on bar low. when you place the anchor we snap to bar high or bar low, which ever is closest to your mouse tip. (03:25 PM) Buffy_04364: we have some great charts posted today by all! (03:25 PM) Ensign Software: so just drag your anchor point closer to the bar's low and it will snap to it. (03:25 PM) ppusa: they certainly are giving everyone a chance to buy here. Usually that is not good. Still long though (03:26 PM) beanman_1: Yes Howard, But the zero is below bar low unless there is a spike a can't see (03:27 PM) ppusa: what is DA ROOM. Is that us? (03:27 PM) dave_b_quick: i bot the 15m 2B, but hit LIMIT instead of STOP and got blown outa the water (03:27 PM) dave_b_quick: dis mus be da room (03:28 PM) Ensign Software: you might be on neighboring bar instead of intended bar. Possibly widen bar spacing so you can see which bar you want to anchor on more clearly. You can use the Zoom button to highlight the anchor area, position the tool, and then unzoom to return to normal view. (03:28 PM) ppusa: Roger's link (03:28 PM) Buffy_04364: :-) (03:28 PM) Roger Schelling: oh that was Jerry's room (03:28 PM) dave_b_quick: aaahhh (03:28 PM) ppusa: ya long dave? (03:28 PM) dave_b_quick: no, hit limit by mistake and got taken out (03:28 PM) Roger Schelling: i need to change the link......i think it's dead now (03:29 PM) Ensign Software: DA ROOM will be the Ensign Windows Users room for the training today. Otherwise, don't know what DA ROOM is. (03:29 PM) Roger Schelling: we'll be there :) (03:29 PM) ppusa: flat then? (03:29 PM) Buffy_04364: cute Howard (03:29 PM) dave_b_quick: ya (03:29 PM) humptydumpty1: hi there (03:29 PM) Buffy_04364: wouldn't miss it (03:29 PM) humptydumpty1: how r u all (03:29 PM) humptydumpty1: anybody from germany here (03:29 PM) Buffy_04364: just remember everyone you have to download the new version before class (03:29 PM) humptydumpty1: please i need help (03:29 PM) humptydumpty1: about kontron embedded computer (03:30 PM) dave_b_quick: kontron? (03:30 PM) Ensign Software: we are all day trading rich and position trading poor, or about the same as always. (03:30 PM) humptydumpty1: ys kontron embedded is the name (03:30 PM) bobp_3: Howard: Were you able to make any progress on the $UVOL, etc large numbers prob. today....will there be an updated version soon? (03:32 PM) Buffy_04364: I think the latest one is today date (03:32 PM) Ensign Software: made progress today on $DVOL in Aug 15th version I am testing right now and looks good. Not yet uploaded. But probably will be just before class. Big numbers look good now in that the tick pool and the refresh match each other. I can post a sample chart to the dacharts_dachart_dacharts_dachart site for you to look at and talk back to me if you need to after looking at it. 1 moment for upload. (03:33 PM) bobp_3: Thanks very much, Howard.... (03:33 PM) beanman_1: Howard where is seminar going to be this PM? Paltalk: Your friends are just a click away! Press the invite button NOW! (03:33 PM) ppusa: new hour just started (03:33 PM) Buffy_04364: in ensign windows room here on paltalk (03:34 PM) ppusa: Dave, did you lose your shorts? (03:35 PM) dave_b_quick: LOL ya, my long too (03:35 PM) cctraderx: LOL (03:35 PM) jimbo_320: its another exciting close (03:36 PM) Buffy_04364: zzzzzzzzz (03:36 PM) jimbo_320: anyone noticed most of the market action seems to be in the morning these days? (03:36 PM) Buffy_04364: yep it does except for our flag (03:36 PM) cctraderx: y (03:37 PM) cctraderx: looks like sideways chop for atleast the last hour (03:37 PM) jimbo_320: its not just friday afternoons that are for fishing, its every afternoon :-) (03:37 PM) Buffy_04364: but we have to watch because we never know when it is going to change :-( (03:37 PM) ppusa: just put in high for this hour. Now whack it again. Or? (03:38 PM) bobp_3: Howard: Thanks again.....that looks like it's supposed to, so it looks like you've got it.....will this version automatically adjust itself to these large volume scales, or must that be adjusted within Market Hours scaing, etc? (03:39 PM) ppusa: Can't believe I am still long. (03:39 PM) Buffy_04364: going to try for it I guess (03:39 PM) Buffy_04364: but no rsi with it yet (03:39 PM) ppusa: hour chart looks like down (03:39 PM) Buffy_04364: keeping me watching (03:40 PM) ppusa: sold 1 (03:40 PM) ppusa: some Bozo buying 100 at 90 (03:40 PM) 4nq: I hear her warmimg up...........me, me ,me,do,do ,do re, re, re (03:40 PM) ppusa: do re me (03:41 PM) Orprepus: do rae me pop (03:41 PM) ppusa: deprived childhood (03:41 PM) ppusa: bot it back (03:41 PM) Ensign Software: bobp, in the next version for these large indexes, you will need to add the symbol to the market hours table and select the last scale choice in the scale drop down list which is divide by 1000 . Then it works pretty good. bye. need to return to my room and also get ready for the training class. (03:41 PM) Orprepus: the charts are live with the sound of profits (03:42 PM) Buffy_04364: bye Howard thanks for charts (03:43 PM) ppusa: Every chart I have says lower (03:43 PM) ppusa: Unless we turn up (03:43 PM) ppusa: haha (03:43 PM) 4nq: close below 81 and lotsa talking heads will be spinning tonite (03:43 PM) Orprepus: hehe (03:43 PM) cctraderx: and you are long? (03:43 PM) Buffy_04364: got on at 88 (03:43 PM) ppusa: don't ask (03:43 PM) bobp_3: Howard, Thanks!.....and my apologies to the room for just jumping in here with a question for Howard....but he's hard to get a hold of sometimes.....you guys have a great room going here! (03:43 PM) cctraderx: ok, won't (03:43 PM) ppusa: I will trade out of it if I have to. (03:43 PM) Orprepus: dead fish will say it is a great time to buy (03:44 PM) Buffy_04364: no problem bobp - we do it all the time (03:44 PM) dave_b_quick: no problem, bobp, come back again (03:44 PM) Orprepus: bobp - it is an open room - if it is about trading (03:44 PM) Buffy_04364: 88.50 is stop (03:44 PM) 4nq: only 192 points to Apr lows (03:44 PM) 4nq: reserve now (03:44 PM) 4nq: space is limited (03:45 PM) ppusa: If this market was really going to get wacked, it would already be happening. (03:45 PM) jimbo_320: apr low was 1400 ? (03:45 PM) 4nq: 1395 (03:45 PM) 4nq: use ND (03:45 PM) ppusa: My charts show there should be follow through but after that the possibility of a good size bounce. (03:45 PM) Buffy_04364: out (03:45 PM) Buffy_04364: and done for the day (03:46 PM) 4nq: 1349 cash is the # that counts (03:47 PM) 4nq: and 1620 compq (03:47 PM) ppusa: someone sold 200 nq earlier but i have seen a couple hundred to buy going thru down here. (03:48 PM) ppusa: Orp, no closey flatty. (03:49 PM) donl_2: do any of you trade with IB and if so how do you like them. (03:49 PM) cctraderx: I like em (03:50 PM) wlevicki: I do to last few months seem more stable too (03:50 PM) wlevicki: like em (03:50 PM) dave_b_quick: ya, i love IB (03:50 PM) donl_2: are their trading platform fast (03:50 PM) jimbo_320: i am up nearly 1.5 bucks on some CAT i bought this morning a nice move up (03:50 PM) cctraderx: y (03:50 PM) dave_b_quick: don, see my comments on IB at dacharts_dachart_dacharts_dachart.com (03:50 PM) donl_2: thanks, i am going to try them (03:51 PM) Orprepus: take it 82.50 (03:51 PM) Orprepus: there we go (03:52 PM) ppusa: It's about time...now watch the stupid thing bounce. (03:52 PM) donl_2: I have been day trading stocks, I am going to start trading es and nq (03:52 PM) Orprepus: cover and done for the day (03:52 PM) cctraderx: stock platform good too on IB (03:52 PM) ppusa: come on, it's finally going (03:53 PM) donl_2: you can move funds from one to another I understand (03:53 PM) cctraderx: y, fairly quick too (03:53 PM) jimbo_320: ebay breaks 60, and you can buy yhoo for 14 bucks (03:53 PM) cctraderx: in by noon and done by 3pm (03:53 PM) donl_2: thanks for the help (03:54 PM) donl_2: this looks to be a good trading room (03:54 PM) donl_2: a lots of good trader ir seams (03:55 PM) jimbo_320: jnj losing steam (03:55 PM) Orprepus: bounce tomorrow need to fill the step down? (03:56 PM) ppusa: Orp, if that is true, then that tells me they can't take it down. (03:56 PM) rambler_12: yep donl (03:56 PM) 4nq: One day soon, i think, no bounce just dumping (03:57 PM) jimbo_320: es closes at 1180, i see more down (03:57 PM) 4nq: no real panic yet (03:57 PM) cctraderx: why do u say that Orp? (03:57 PM) cctraderx: looks orderly (03:57 PM) ppusa: I think they can but the market acts like it just doesn't want to let go (03:57 PM) dave_b_quick: daily chart looks nice now with recent lows gone (03:58 PM) Orprepus: Option Expiration and look at 120M NDX chart I posted (03:58 PM) cctraderx: still have about 10 pts before lows on ES (03:58 PM) jimbo_320: stocks look terrible across the board, again (03:58 PM) dave_b_quick: is orp still short from 9:45? (03:58 PM) 4nq: when they hang Mary Meeker and the rest on Wall St the lows will be in!! LOL (03:59 PM) cctraderx: LOL (03:59 PM) dave_b_quick: "Let them eat cake"? (03:59 PM) ppusa: Abbey Joseph Blowin' (03:59 PM) ppusa: "a compelling value" (03:59 PM) Buffy_04364: well, see I shouldn't of left for a break :-( (04:00 PM) wlevicki: its days like these i wish i had CNBC, to know what to do (04:00 PM) Orprepus: no - covered earlier and got short again and just covered again two trades today for 40.5 pts (04:00 PM) ppusa: help (04:00 PM) Roger Schelling: Well all the calls will expire worthless.........now then need one rally before Friday afternoon......to ruyin the puts....and the market is happy :) JMHO (04:00 PM) rambler_12: lol wle (04:00 PM) jimbo_320: when cnbc prononouce 'sell sell', i'll be buying :-) , better indicator than the vix (04:00 PM) Orprepus: i agree roger (04:00 PM) cctraderx: agree roger (04:01 PM) Buffy_04364: true Roger (04:01 PM) cctraderx: lol - you may be right jimbo (04:01 PM) 4nq: most calls historically expire worhtless (04:01 PM) Orprepus: agree 4nq (04:01 PM) Buffy_04364: It sure has worked in the past Jimbo (04:01 PM) jimbo_320: what are they saying now? (04:01 PM) Buffy_04364: this sure doesn't look good on the daily! (04:02 PM) jimbo_320: if anyone is listening to them ... (04:02 PM) Buffy_04364: adx is rising (04:02 PM) Buffy_04364: etc (04:02 PM) 4nq: NDX is into big 4/10/01 daily bar (04:02 PM) Buffy_04364: Howard did new chart of nq 4M (04:02 PM) jimbo_320: shame we didnt take out 1180, we might be saved by the weekend again (04:03 PM) 4nq: we still might (04:03 PM) 4nq: easily (04:03 PM) Buffy_04364: then the feds are next week too Paltalk: Go bannerless and support PalTalk! Subscribe today! Only $9.95 a year! Click HELP on your Pal List then click 'Bannerless PalTalk'. (04:03 PM) Buffy_04364: when do we switch contracts? I keep forgetting :-( (04:04 PM) Orprepus: sept (04:04 PM) Buffy_04364: Ok Orprepus and we switch the week before expiration right? (04:05 PM) Buffy_04364: or something like that (04:05 PM) jimbo_320: the high for tomorrow is in, 1180 lol (04:05 PM) 4nq: 2nd thur? (04:05 PM) Orprepus: usually two weeks (04:05 PM) Buffy_04364: LOL jimbo (04:05 PM) Buffy_04364: oh ok (04:05 PM) ppusa: hey we are closed....go home (04:05 PM) Orprepus: getting lunch (04:05 PM) dave_b_quick: thanks to all for making this a great day (04:05 PM) ppusa: Bye Orp (04:06 PM) Buffy_04364: going to download the new ensign for class (04:06 PM) jimbo_320: ppusa, did you bail that long? (04:06 PM) Buffy_04364: bye Orp (04:06 PM) ppusa: No (04:06 PM) Buffy_04364: thanks (04:06 PM) ppusa: I am very comfortable holding it (for now) (04:06 PM) 4nq: there's ur 1180 break (04:06 PM) jimbo_320: just the one i hope :-) (04:07 PM) ppusa: I usually trade well holding from what I think may be a comfortable level.