Welcome Msg: Welcome index futures traders and TrendVUE.com alumni.  Today's charts at www.DaCharts.comWARNING: Any trades posted here are for educational purposes only. Do not trade other traders' calls unless you understand the trade and are prepared to take the a
Buffy_04364: So glad to see others can open this room thanks
donl_2: G M everybody
Buffy_04364: good morning
Dirk-X: Happy Monday
Buffy_04364: I have posted the 12/4 and 9/3 retro style trader charts to look over
Buffy_04364: Due to an unexpected bridge match, I did not get to compare total pts
Buffy_04364: I have to run down to the post office to get a package - hope it is the pyrapoint book.  Howard should be asking me if I received it so......
Buffy_04364: hold the fort until I get back - thanks
Orprepus: good morning yall
leont_2_1: g/m
Tom_B: GM, LEI at 10am EST
NQTrader: Good Morning
Dirk-X: Thinking we might see a surprise blast upwards today....Lots of shorts in this market, few longs...a combination that really just means most everyone is either a staying in, staying out, or waiting to buy or cover
ppusa: ?
Dirk-X: good question...I'll have to ponder it for a while
Dirk-X: LOL
ppusa: PalTakj wasn't scrolling, never mind
ppusa: Futures have a lower low than yesterday. NQ may want to slam itself today, up tomorrow? Four days down xounting today.
ppusa: counting
Buffy_04364: back
Buffy_04364: no book :-(
Dirk-X: Wedging down, though
ppusa: Which way do wedges usually break. Pour spouts or turn up?
gravestonedoggie: depends on their context
ppusa: If anyone cares, I posted some PnF charts Friday night. At this price, NQ medium term PnF's are not what I would say are over extended. If NQ trades lower from here, without a bounce. I feel we would be over extended and any long from lower levels should be worth more than a scalp. If we trade up first, scenario changes.
Dirk-X: Falling wedges signify that, as the downward move progresses...
Buffy_04364: someone posted a link to a transcript of a class on teachmetotrade website last week
Buffy_04364: I read it saturday and it was great - need to follow all the links though
Dirk-X: the breakouts through each succesive support level bring in fewer and fewer new sellers..
Buffy_04364: now that I have signed up for the website I can't find it again
Dirk-X: and force out fewer and fewer longs...
Buffy_04364: so if anyone knows the link would appreciate it again
Buffy_04364: ppusa we all have been dying to see your PnF charts
Dirk-X: so, eventually, when there is any kind of upward thrust at all,...
Buffy_04364: glad you figured it out
Dirk-X: shorts start to cover and then new participants who have been waiting to go long decide that now is the time
Buffy_04364: now you need to post some todays folder  :-)
ppusa: Thanks Buffy. I can't tell based on the PnF's whether we are breaking from congestion and should get plowed or whether we will hold these levels and the Nasdaq will live happily everafter. 
ppusa: NQ has filled most daily gaps and it is possible based on longer term PnF's to paint a rosy outlook for the near term. My trouble with longer term PnF's is a miss costs a lot of money.
Dirk-X: I.O.W., a falling wedge is just evidence of growing "potential energy" for a buying frenzy simply because those who wish to sell have already sold.
ppusa: that makes sense
NQTrader: ppusa, do you use Atin's PnF charts thru Qfeed (QCharts)?
gravestonedoggie: wedge tends to equal loos of momentum and a more even fight between buyers and sellers, for ming a trap...
gravestonedoggie: however, note that wedges dont always break as expected.. the rising wedge in tobnds broke to the upside last week
ppusa: I create PnF on Ensign
NQTrader: ah, I see
gravestonedoggie: alos, a wedge is important within the context of a trend
NQTrader: If anyone here uses QCharts, there is a PnF program available for free
NQTrader: it is very good, flexible and has multiple time frames available
gravestonedoggie: a falling wedge after a long decline has different implications than a falling wedge after an advance
gravestonedoggie: where do you get it, nq?
Dirk-X: Yes agree strongly
Dirk-X: 15min Overview posted
NQTrader: hold one
gravestonedoggie: hold one?
Buffy_04364: on
gravestonedoggie: oh, thnx :)
NQTrader: http://www.xocharts.com/QPnf.htm
gravestonedoggie: thanks much
NQTrader: you are most welcome
NQTrader: personally, I use a 2 point box with a 3 box reversal on the NQ
Buffy_04364: with the 12/4 and 9/3 retro charts I posted for last Friday, I did not get to analyse them as to pts, etc with retro.  so if anyone forms an opinion please share
Dirk-X: Hey, it looks very helpful, thanks NQ
Dirk-X: I just noticed something wild...
Dirk-X: I had a stray line segment on my 45 min chart that i had apparently moved accidentally to an open area of the chart...
NQTrader: u r welcome Drik-X
Dirk-X: and when I tried to figure out where it came from...
ppusa: suspense
NQTrader: LOL
Buffy_04364: hurry dirk...............LOL
Dirk-X: I found that the slight downward slope it had fit meaningfully in about twenty different spots, as if...more suspense, LOL
Dirk-X: as if...
Dirk-X: that particular angle what somehow wired into the markets movement lately
Buffy_04364: yes tl way back can mean something in the future when price gets back to it
Buffy_04364: remember what T said friday when she stopped in
Buffy_04364: this could just be a poke through her TL to trap the shorts - I beleive that is what she said
Buffy_04364: also feels not going down because of sellers but lack of buyers
ppusa: I read Friday in DTN news the rwo times pc ratio reached over 1, currently 1.07, the market bottomed 3 weeks later. If I remember the article correctly
Buffy_04364: who is posting the Raz charts???
Buffy_04364: oh well, going for last cup of coffee before market opens
Buffy_04364: brb
Dirk-X: anybody got any idea how I can get in long right now on IB
gravestonedoggie: not working?
Dirk-X: transmitted buy-stop GTC but nothing seems to be happening
Dec54: what price?
Dirk-X: is there some detail I'm missing 
Daniel X: Good Morning VIETNAM...........Very..Intense..Emini..Traders..Netting...Alot of...Money
Dirk-X: 1129
Dirk-X: sorry 1529
Dirk-X: at the ask
cctraderx: enter at market
cctraderx: when that happens
Dec54: wopnt' buy till 1529 hits
Dirk-X: just getting light blue...ahh, thanks cc
cctraderx: had same prob last week
cctraderx: it cleared up but orders sat blue and would not go
Dirk-X: thoguh glad now I didn't get filled
Dirk-X: but market filled reasonably?
Dirk-X: cc?
cctraderx: y
gravestonedoggie: tws4 still having problems with orders slow to take?
Buffy_04364: bk
cctraderx: at the indicated price 
cctraderx: within 1 tick
gravestonedoggie: mike got filled recently on an order that would not cancel
cctraderx: had about 5 fills and not really a big problem
cctraderx: I thought Mike didn't know if he got filled for 15 mins - same prob but didn't get filled
cctraderx: then he tried another broker and had a stop filled way out of whack
Buffy_04364: do you know who that was cc?
cctraderx: dirk, another thing is to log out and back on, it cleared up for me
cctraderx: no,  Buffy but he said that was his trial for that broker
Buffy_04364: I bet it was
rs_5: morning all :)
Dirk-X: will buy if breaks 1531
Dirk-X: should see first bounce at 20-25
Daniel X: 1544 Pivot point
Buffy_04364: tks daniel
Tom_B: nq, some res 33-34
Daniel X: 33/34 is a good breakout # 31 minor
ppusa: 32 was last hour high Friday
Daniel X: what tf?
Daniel X: PnF
Daniel X: 5 min i see
Daniel X: Humpty Dumpty?
Buffy_04364: maybe still watchine
Buffy_04364: 1518-1519 test again?
Daniel X: 15 min Retro rule.............wait
Daniel X: 15 min
gravestonedoggie: with fed tomorrow, some poetntial for extra thin action today
jimbo_320: morning all
Dirk-X: here is important support
gravestonedoggie: morning jmbo
Daniel X: jimbo
cctraderx: morning jimbo
ppusa: Friday's intraday high 62 1/2. Maybe nq could hit 40 area?
Daniel X: ppusa 44 is the pivot so it should pull us there like a magnet
ppusa: i think the polarity is reversed
Daniel X: could be
ppusa: right on 200 bar 5 min ma
Daniel X: if we   move up  we go to it
ppusa: hour chart suggests higher
NQTrader: just went long @ 26.5
Daniel X: 1496 is 1rst PP support
Dirk-X: short
ppusa: first resist 44, then 70, then? 2400
Dirk-X: out
Dirk-X: -2
ppusa: i am long from friday looking for the 40's
ppusa: but 
ppusa: there was a lot of resis friday in 30's
Buffy_04364: hi jimbo
scott_24: probably new low before going up
ppusa: looks probable
Buffy_04364: support at 1516 on pyra
jimbo_320: hiya buffy
Buffy_04364: how does that compare with pnf and pivots
jimbo_320: a choppy day ahead?
Buffy_04364: looks it so far
Daniel X: think so hope not
ppusa: PnF not overextended. So cannot "guarantee" a bounce herre.
Buffy_04364: me too
gravestonedoggie: fed wait a possible factor
Buffy_04364: ok ppusa
Buffy_04364: yes it sure is
Buffy_04364: consensus seems to be 1/4 pt though
scott_24: are we retro short?
NQoos: retro would short 151900 .... 152950 would be long imo
Buffy_04364: not yet
Daniel X: ditto NQ00s
Buffy_04364: thanks nq - retro ? deferred to you and daniel  then I can watch what I usually watch
gravestonedoggie: fed wait could mean trading even thinner than has been
Buffy_04364: sure could - I am going to be real careful today
Daniel X: How is the volume?
Daniel X: anyone
Orprepus: vol low
jimbo_320: y, low for first 20
ppusa: Hi Orp
Daniel X: and mixed with cjop ..i think i'll cancel my orders
Daniel X: chop
Orprepus: tightening of BB 2M - something going to break - up or down?
Buffy_04364: hi orprepus
Orprepus: hi buffy -thxs for opeing the site today
Orprepus: or chat
jimbo_320: danx, we know what retros like in morning chop...
Buffy_04364: oh tom and nq beat me to it - nice to have help  :-)
Daniel X: especially on a Monday
Daniel X: well Retro filled @ 29.50
Buffy_04364: we all know how hard Monday is for me 
jimbo_320: es looks like it want to go up
Buffy_04364: although better since I spend some time looking at charts on sunday now
Orprepus: bounced off of lower BB 2m and now on 4th green bar - spiked upper BB - pull back?? likely
Daniel X: Mondays are the worst trading day IMO
larrybf: agreed!
Daniel X: along with Friday aft
gravestonedoggie: hehe... soon wont be much of week left
Buffy_04364: I still tend to watch more on monday than any other day
Orprepus: last week Monday & Friday - dreaded blue trading days - as in balck in blue
Orprepus: balck = black
Buffy_04364: sad but funny orprepus
Buffy_04364: that is why I am real careful on those days
Buffy_04364: been there
ppusa: retested high. which ever way retro goes probably a good trade.
Daniel X: did Retro get stopped i wasn't watching
Orprepus: this week blue day is tomorrow
Buffy_04364: not yet I don't think daniel
Daniel X: 24.50 stop
ppusa: correction, whichever way retro goes next
jimbo_320: volume on es indicates chop so be careful
Daniel X: Retro out
Daniel X: -5
gravestonedoggie: 'fillorkill', 'fooliosbrother'.. great names
Buffy_04364: I almost think he should wait for two bars
jimbo_320: u using paper or cash on retro, danx?
Daniel X: paper today
Daniel X: chop
Buffy_04364: going to test that low again?
gravestonedoggie: 'cellalot'... like it
jimbo_320: long 1164.5
Daniel X: Retro filled @ 19.50
Orprepus: lower BB 2m
jimbo_320: tight stop
Daniel X: News out this AM
Daniel X: ??
Cellalot: :)
Orprepus: spiked lower BB 2M
Tom_B: LEI, 9 cst
ppusa: Past mornings when nq takes out high by a tick and turns around, not taking out HOD, negative
Buffy_04364: I was just thinking that ppusa
Daniel X: Retro 1 point from getting stopped @ 24
Tom_B: 2B ?
NQoos: n