Welcome Msg: Welcome index futures traders and TrendVUE.com alumni. Today's charts at www.DaCharts.com
WARNING: Any trades posted here are for educational purposes only. Don't take the trades unless you understand them and can take the risk.
sb17: ES still holding 1st fib line retrace
tippet: 71% hit yest lo globex hi nq
jimmer49: where are all our chatterers?
tippet: 144t 3rd touch trendline next is 4th
tippet: long 71
(09:49 AM) ann_87: trins are very low
(09:49 AM) ann_87: 74 2 day low
(09:50 AM) tippet: testing uppert channel line
(09:52 AM) tippet: 20em15 here
(09:53 AM) scorp: google here?
(09:53 AM) scorp: is this railroad?
(09:55 AM) scorp: nq "gap" fill
(09:55 AM) scorp: almost, too quick there
(09:55 AM) tippet: see a h&s break now on 144t
(09:56 AM) tippet: ?
(09:56 AM) raz_62: no gap remembe ;-)
(09:57 AM) raz_62: was a 79% ret though
(10:03 AM) Tom_B: Just conjecture..see 1507 possible today
(10:09 AM) Daniel X: come on 77
(10:10 AM) raz_62: dang had a profit order sitting at 76 forever and it didnt fill when it got there
(10:10 AM) Daniel X: order driven market
(10:11 AM) Daniel X: brb
(10:11 AM) FrankT: Look at ES 3m...pit traders must be having fun...
(10:11 AM) scorp: price is all over the place on the es
(10:12 AM) raz_62: only 3 cars traded at 76
(10:14 AM) Daniel X: we're stuck between 65 support and 77 res
(10:16 AM) johnl96: this is just getting silly now
(10:16 AM) Hollie_: Is pp, google and rose playing hooky today?
(10:16 AM) ppusa: here
(10:17 AM) ppusa: i think opened on high of am
(10:17 AM) ppusa: sold q/s on the open
(10:17 AM) larrybf: if two price bars are adjacentis it a valid double top or double bottom? i.e.- must thewre be bars between them??
(10:18 AM) raz_62: no
(10:18 AM) dave_b_quik: for me, yes
(10:18 AM) 1goods: holly are you taking attendance holly are you taking attendance
(10:18 AM) raz_62: thats called tweezers
(10:18 AM) dave_b_quik: otherwise it's just a tweezer top
(10:18 AM) larrybf: thanks
(10:18 AM) Daniel X: a big player has to step in here
(10:19 AM) Daniel X: no one wants to take the lead
(10:19 AM) Hollie_: lol, glad you're here pp
(10:19 AM) ppusa: yes
(10:20 AM) larrybf: anyone play the bounces off of bollinger bands??
(10:22 AM) jimmer49: I would never do such a thing - lol
(10:24 AM) ppusa: bb support...covered q short
(10:24 AM) ppusa: not going long yet
(10:26 AM) tomsurf: 1452 globex low NQ
(10:27 AM) ann_87: 56 r2
(10:27 AM) ann_87: and yest low
(10:28 AM) Daniel X: 40
(10:29 AM) ann_87: sorry s1 1446
(10:30 AM) Daniel X: thnx
(10:34 AM) Daniel X: accelleration move coming
(10:34 AM) Daniel X: gap
(10:37 AM) ppusa: i don't see a buy signal but oversold
(10:38 AM) Daniel X: no buys till it consolidates a bit...too risky for me
(10:39 AM) tippet: SPX holding 1080
(10:42 AM) sb17: well, i only got a little out of that mess
(10:44 AM) ann_87: 1439 would be equal leg swings fwiw....
(10:45 AM) ppusa: if the high is in nowhere to go but down
(10:45 AM) ppusa: but oversold
(10:46 AM) raz_62: also will be 1625
(10:46 AM) raz_62: 162%
(10:46 AM) Daniel X: yes oversold but...air pocket gap between here and 1400
(10:46 AM) raz_62: of the up move
(10:47 AM) Daniel X: when 40 goes
(10:47 AM) Daniel X: join the bobsled team
(10:48 AM) Arabian Knights: <http://www.referralware.com/home.jsp/86581704>
(10:49 AM) Daniel X: first bounce and w8 for a lower high
(10:50 AM) tomsurf: Daniel- w8?
(10:50 AM) tomsurf: wait, lol
(10:50 AM) Daniel X: wait = w8
(10:50 AM) tomsurf: ;-)
(10:51 AM) ppusa: long
(10:51 AM) ppusa: out one
(10:51 AM) ppusa: stop at low on other
(10:52 AM) Daniel X: if 46 goes hold it
(10:52 AM) johnl96: this is probably an LBR turtle buy on some tf, but I'll be darned if I'm going to try to figure it out
(10:53 AM) ppusa: stop at b/e which is 40 and holding
(10:54 AM) Daniel X: good
(10:54 AM) Daniel X: but watch 46 support ..has to hold
(10:55 AM) Daniel X: PP..still the Master bottom picker...
(10:56 AM) ppusa: due for 3 point pb
(10:56 AM) raz_62: heard that makes your fingers smelly
(10:56 AM) ppusa: trend is still down
(10:56 AM) Daniel X: lol
(10:56 AM) ppusa: but???leaving stop
(10:57 AM) Daniel X: b/e?
(10:57 AM) Daniel X: move to just under support
(10:57 AM) Daniel X: in case of lower high swing
(10:57 AM) johnl96: yeah, this was a turtle buy on 20 min es
(10:57 AM) ppusa: gonna leave it for now
(10:58 AM) ppusa: either straight up which i do not expect or lower
(10:58 AM) ppusa: sometimes the unexpected
(10:58 AM) Daniel X: sometimes
(10:58 AM) ppusa: 15 min chart says i might get lucky
(10:59 AM) ann_87: 52 55 area 38% retrace
(11:00 AM) Hollie_: chimp needs 13min ma's to cross before long
(11:00 AM) ppusa: oh sorry i look at chimp on 1 minute
(11:01 AM) Hollie_: you're foregiven
(11:01 AM) scorp: chimp is on one minute; but longer term mas on 13
(11:01 AM) scorp: also, i think you are really looking for the convergence and divergence of the ma lines
(11:01 AM) Daniel X: NDH under attack
(11:02 AM) Daniel X: till about 5 mins ago
(11:02 AM) QSuzy: Daniel....what's NDH?
(11:02 AM) Daniel X: the big one!
(11:03 AM) Daniel X: contracts
(11:03 AM) QSuzy: oh...ok...tx
(11:03 AM) johnl96: I'm short, what the heck
(11:03 AM) Tom_B: retr that refreshens
(11:04 AM) Hollie_: I have 1090.5 es pivot
(11:05 AM) Daniel X: 53 to 58 cluster res
(11:05 AM) bogeybunky: Anyone on this list have an account with Futurewise Tradeing?
(11:06 AM) bogeybunky: Just learned they have been shutdown by NFA
(11:06 AM) tippet: inv h&s
(11:06 AM) Daniel X: looks like we're gonna settle in a 15 point chop range
(11:07 AM) Daniel X: 40 to 55...we'll see
(11:09 AM) Daniel X: so we've held the 50% retracement area from sept 21rst
(11:09 AM) Daniel X: 1439.50
(11:10 AM) strad -: bogeybunky...sure don't but thx for the info
(11:10 AM) ppusa: overbot 3 and 6
(11:12 AM) ppusa: out
(11:12 AM) ppusa: 1-2-3 correction
(11:13 AM) Daniel X: and the chop range
(11:13 AM) ann_87: nice trade pp
(11:13 AM) Daniel X: usually around the 11am low to the first reversal high
(11:13 AM) ppusa: tks
(11:14 AM) ppusa: i should have bot back and left stop with an add at 55
(11:14 AM) ppusa: whatever on to next trade
(11:15 AM) ppusa: watch the 15 min chart here
(11:16 AM) Daniel X: add @55!!?
(11:16 AM) Daniel X: y?
(11:16 AM) Daniel X: Retro?
(11:17 AM) ppusa: sell stop would be here
(11:17 AM) ppusa: would have been stopped
(11:17 AM) Daniel X: oh ok gotcha
(11:18 AM) ppusa: PnF 15 still oversold
(11:19 AM) johnl96: lbr turtle buy at 81.50 on 1 min es
(11:21 AM) Daniel X: i usually add 15 points to the 11 am low to gat the upside target and to identify the chop zone...dont try this at home folks!!
(11:22 AM) ppusa: new lows
(11:23 AM) Daniel X: 50/50chance of it though
(11:23 AM) Daniel X: imo
(11:24 AM) ppusa: 1-2-3 correction followed by new lows...where is next downside target?
(11:24 AM) Daniel X: nothing under 1440 so...1400
(11:24 AM) qatwo: 1426.5
(11:25 AM) Daniel X: thnx
(11:25 AM) Daniel X: i never have #s after my main target gets hit....
(11:26 AM) Daniel X: i find it chops after
(11:26 AM) ppusa: 15 min could use a 1-2-3 correction up to 1460 area but i could see another leg down too
(11:27 AM) Daniel X: i'd rather be wrong in identifying the chop zone from earlier and keep selling this!!
(11:27 AM) Daniel X: lol
(11:28 AM) ppusa: either down for buying opportunity or up for a bear flag
(11:28 AM) Daniel X: volume still dropping off so....
(11:28 AM) ppusa: 2 trades so far sell this am and buy low for bounce
(11:29 AM) Daniel X: thats why i mentioned a new low as a 50/50 chance ..but we'll see
(11:29 AM) Daniel X: good
(11:29 AM) ppusa: maybe 3 selling at top of 3
(11:29 AM) Daniel X: you're cured PP!!
(11:30 AM) ppusa: probably not for long
(11:30 AM) scorp: thanks Jr
(11:30 AM) TeknoTrader: WHAT DID YOU SAY???
(11:30 AM) ann_87: test
(11:30 AM) scorp: Futurewise was closed down
(11:31 AM) ppusa: gartley potential here
(11:31 AM) Jr_Steggy: yes
(11:31 AM) Daniel X: if we keep getting these 30 min closes below 1460..lower and lower we go
(11:31 AM) Daniel X: must be a ton of sell stops under 1440
(11:32 AM) Igor1981: Guy's check out this site for cheap Laptops. http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=2001156141
(11:35 AM) Daniel X: if they have a Mac G4 lap for a G i'm a buyer..otherwise no thanks
(11:35 AM) Daniel X: that reminds me..PP you still collecting dust with the G4?
(11:35 AM) ppusa: y
(11:36 AM) ppusa: wantit?
(11:36 AM) Daniel X: we'll talk
(11:36 AM) plevin: I just looked at that site - with 5.5 days to go, don't expect the price to stay so low
(11:40 AM) ppusa: high of this hour
(11:40 AM) google_2: hi
(11:40 AM) google_2: just wanted everyone to know I entered long @ 1445 earlier
(11:41 AM) tomsurf: hey googs
(11:41 AM) google_2: and still holding
(11:41 AM) MartyJ01: hi google
(11:41 AM) google_2: I expect an upcycle for the next few days
(11:42 AM) tomsurf: thx for the info googs :-)
(11:42 AM) ppusa: if they wacked this one more time i think it could last...maybe form a gartley and whack it end of day for a setup rally tomorrow
(11:45 AM) ppusa: end of rally? based on hour chart?
(11:46 AM) scorp: google, that is a longterm buy?
(11:46 AM) google_2: tome long term in a bear market is 2 days
(11:46 AM) scorp: well, i meant days if not by end of day
(11:47 AM) google_2: I hope so scorp
(11:47 AM) ppusa: mid channel on BB's here...if it jumps should run to top of channel
(11:48 AM) ppusa: top of smax bb here
(11:50 AM) Daniel X: keeping tight fisted till we break out of the chop zone and going to lunch ..back in 15 mins
(12:04 PM) ppusa: smax sell?
(12:05 PM) ppusa: this one is crossing????
(12:05 PM) jimmer49: bb constraints for smax
(12:07 PM) sb17: ES forming large triangle
(12:09 PM) Tom_B: jimmer contin sell ?
(12:11 PM) ppusa: of all the recent crossings i liked the look of the last one the best
(12:11 PM) ppusa: bb's are very tight
(12:11 PM) jimmer49: not much of anything to continue imo, but might work
(12:11 PM) jimmer49: LL
(12:11 PM) Tom_B: tnx
(12:12 PM) raz_62: looks like triple diverfgence likely
(12:13 PM) raz_62: 5min stochs and rsi
(12:13 PM) jimmer49: L 43
(12:17 PM) jimmer49: didn't hld it, may be sorry +1
(12:17 PM) jimmer49: wuss
(12:18 PM) ann_87: lol
(12:18 PM) jimmer49: kick me ann
(12:19 PM) ann_87: you need kicking on that one lol
(12:19 PM) jimmer49: didn't practice what I preach
(12:19 PM) tomsurf: good to see you're human jimmer, lol
(12:20 PM) jimmer49: the curse of posting trades - that's why i don't usually do it
(12:20 PM) tomsurf: lol
(12:23 PM) johnl96: pretty strong ADD bearish divergence
(12:25 PM) ann_87: ss1
(12:27 PM) raz_62: im sure buffy had a reanchor at todays low
(12:28 PM) Daniel X: ok so lets take out 55 and hold
(12:28 PM) shane o c: 54 is 38% retrace from todays high to low
(12:28 PM) raz_62: good place to make a position
(12:28 PM) raz_62: usually
(12:30 PM) Tom_B: google's prob doing handstands :)
(12:31 PM) raz_62: probably trying to fight the urge to cash out
(12:32 PM) raz_62: that was 50% ret
(12:32 PM) Daniel X: 60 hit so...lets see it hold 55 now
(12:32 PM) Tom_B: if we can get thru here, it gets vry intrstng
(12:32 PM) ppusa: obot here
(12:32 PM) Daniel X: very
(12:33 PM) ppusa: 20 bar ma on 15 minute
(12:33 PM) Daniel X: sox recovering
(12:33 PM) jimmer49: I have something wierd here - the macd on my 5m chart is upside down - it is going down now and was up at the bottom
(12:33 PM) jimmer49: all other tf's normal
(12:33 PM) ppusa: i am hoping this leads to another new low
(12:34 PM) Daniel X: thats odd
(12:34 PM) ppusa: HOWEVER
(12:34 PM) ppusa: the next time through here is the rule of 4
(12:34 PM) FrankT: Which application Jimmer?
(12:34 PM) Daniel X: 55 holding
(12:35 PM) ppusa: got a nice big fat downtrend line through here on the 15
(12:35 PM) FrankT: Some charting apps will allow you to invert chart...sometimes I hit it by mistake...
(12:35 PM) ppusa: based on the action and everything else a new low might be the buy of the year
(12:35 PM) Daniel X: 5 min MAs starting to show promise
(12:37 PM) ppusa: i've seen many days like today sell off into close and then next day straight up
(12:39 PM) ppusa: that was a very interesting buy setup
(12:39 PM) shane o c: we have had 4 neg days in a row
(12:39 PM) ppusa: seems like the only chart that showed it well was the 5 minute
(12:40 PM) Daniel X: i'm in it held 55
(12:40 PM) ppusa: still sidelined here
(12:40 PM) ppusa: back to unchganged
(12:40 PM) ppusa: might go short soon
(12:40 PM) Daniel X: willingto take b/e on this one
(12:41 PM) ppusa: just long from lower
(12:42 PM) google_2: anyone having problems with logging on paltalk?
(12:42 PM) google_2: I keep getting bounced
(12:42 PM) ppusa: you mean when you buy?
(12:42 PM) Daniel X: np here
(12:42 PM) Tom_B: ok hre
(12:43 PM) ppusa: jimmer what chart did you use for your last entry?
(12:44 PM) Daniel X: cutiing 1/2 @ 65
(12:44 PM) jimmer49: 2m and 55t
(12:44 PM) johnl96: no google, paltalk's fine for me
(12:44 PM) Daniel X: alot of stops up here
(12:45 PM) Daniel X: watch 68 now
(12:45 PM) ppusa: this pattern here is identical to yesterday's hod at 1500
(12:45 PM) Daniel X: don't say that!!
(12:45 PM) Daniel X: lol
(12:45 PM) google_2: different play
(12:46 PM) Daniel X: 77 next
(12:46 PM) ppusa: well i want to be long so i am not shorting this yet
(12:46 PM) Tom_B: My am call...1504-07
(12:46 PM) Tom_B: admit it's a "long" shot
(12:46 PM) google_2: tom
(12:46 PM) google_2: you'll probably get it
(12:46 PM) ppusa: i am short here on paper
(12:47 PM) google_2: just speculating - I'm not qualified
(12:47 PM) ppusa: it's all i ave left
(12:47 PM) Tom_B: me neither :)
(12:47 PM) Daniel X: shorts should panick above 75
(12:47 PM) Tom_B: hldng lng, using extra deoderant
(12:48 PM) ppusa: paper
(12:48 PM) johnl96: the ADD's more bullish than its been all day
(12:48 PM) Daniel X: if it doesn't hold 65 or go past68 ...
(12:48 PM) ppusa: if it goes any higher we're talking about an outside up day
(12:49 PM) Daniel X: 1501 to 1515 upside max
(12:49 PM) ppusa: y
(12:49 PM) ppusa: 20
(12:50 PM) Daniel X: we have indicesstarting to support this but unless they all go positive it won't last
(12:50 PM) ppusa: paper trader
(12:50 PM) Daniel X: stopped 64.50
(12:51 PM) ppusa: due for 10 point pb
(12:51 PM) ppusa: minimum
(12:52 PM) ppusa: i have a nice paper profit
(12:52 PM) ppusa: i think i got in close to the high???
(12:52 PM) ppusa: don't remember exactly where
(12:53 PM) ppusa: quiet in here today
(12:53 PM) Daniel X: holds 60..look for a dip buy
(12:53 PM) ppusa: kind of nice
(12:54 PM) ppusa: looks like the gartley i announced at LOD
ppusa: 5 waves up in it
(12:54 PM) johnl96: this looks like a plummet in the making to me
(12:54 PM) ppusa: same
(12:55 PM) ppusa: i am going to add to my paper position
(12:55 PM) ppusa: short 4 here
(12:56 PM) ppusa: the old run the stops at unchanged routine
(12:57 PM) Daniel X: only a move above 65 to 75 changes th bearish sentiment of the last 3 sessions
(12:57 PM) ppusa: and later in the day too
(12:58 PM) Daniel X: holding 60
(12:58 PM) Daniel X: jookingood
(12:58 PM) ppusa: should have waited for this bounce before adding. add next break of 60
(12:59 PM) Daniel X: yes thats right
(12:59 PM) ppusa: still short 4 adding 4 at 60
(12:59 PM) ppusa: adding now
(12:59 PM) ppusa: short 8
(01:00 PM) Daniel X: careful ..we're above the 200
(01:00 PM) ppusa: stop at 61
(01:00 PM) Daniel X: at 55 on the 5min
(01:00 PM) ppusa: the high of this bar
(01:00 PM) ppusa: 1 minute chart
(01:01 PM) Daniel X: 59.50 is the smax entry on hito cross
(01:01 PM) Daniel X: histo
(01:01 PM) ppusa: covering 4 at 54
(01:01 PM) ppusa: that was 10 tick reversal
(01:03 PM) ppusa: shold cover some here but seeing as it's paper
(01:03 PM) Daniel X: w8 a bit
(01:03 PM) ppusa: this hour low is 54.5 that's why the 54 cover
(01:04 PM) ppusa: tell ya what out 2 here
(01:04 PM) Daniel X: 55 holding
(01:04 PM) ppusa: short 6 w/ stop at 61
Paltalk: An Instant Dating session has just started. If interested, come join one of the lobbies in the Instant Dating catg now.
(01:04 PM) ppusa: symmetrical decline there
(01:04 PM) ppusa: should have covered all
(01:05 PM) ppusa: oh well short 6 w/stop
(01:09 PM) ppusa: where is everyone?
(01:10 PM) Tom_B: listening to u :)
(01:10 PM) ppusa: i guess
(01:10 PM) Daniel X: making $ i hope
(01:10 PM) ppusa: quietest i have ever seen
(01:10 PM) Daniel X: must have us on ignor
(01:11 PM) ppusa: in the past that move to 64 is a clean sell to new lows
(01:11 PM) ppusa: see what happens
(01:11 PM) Daniel X: yes 65 has to old fo rany upside potential
(01:11 PM) Daniel X: hold
(01:12 PM) ann_87: ib on 5 min forming
(01:13 PM) ppusa: don't forget that trendline
(01:13 PM) ppusa: 15 minute
(01:13 PM) ppusa: i would only buy a retracement from it but it's there
(01:13 PM) ppusa: 1450 area will have to make a decision
(01:14 PM) ann_87: 56.50 yest low
(01:14 PM) johnl96: here's my prediction...we're on our way to a new low starting pretty much now
(01:14 PM) ppusa: n is biased here towards up
(01:14 PM) johnl96: on the es
(01:14 PM) ppusa: after this 10 point correction PnF could contradict that
(01:15 PM) Tom_B: lng
(01:15 PM) ppusa: the 30 point PnF says higher
(01:15 PM) ppusa: the 25 reversed
(01:15 PM) johnl96: here's my thinking pp, nothing else I've said today's been right, I might as well say something outrageous
(01:15 PM) ppusa: a few more points up and the 30 reverses
(01:16 PM) ppusa: but a few more points up breaks the trendline
(01:16 PM) ppusa: brach said last night hold today's low which obviously we didn't could mean several days up
(01:16 PM) ppusa: also i think he mentioned 1440
(01:16 PM) ppusa: google looking for a few good men
(01:16 PM) ppusa: i mean days up
(01:17 PM) ppusa: all points to higher
(01:17 PM) Tom_B: Chimp lng :)
(01:18 PM) Tom_B: added
(01:19 PM) ppusa: 70 reverses the 30 point...after this there is the 50, etc.
(01:19 PM) ppusa: decision time here
(01:19 PM) Tom_B: C'mon stop fuel
(01:19 PM) ppusa: 50 point is encouraging
(01:20 PM) Daniel X: out 3@60
(01:20 PM) Daniel X: 70 sry
(01:20 PM) ppusa: yea
(01:20 PM) kellyr_1: I think the emini S&P is trying to reach 1195
(01:20 PM) ppusa: i missed the buy but right this minute all signs higher
(01:21 PM) Daniel X: i took it @66.50
(01:21 PM) ppusa: and even if i got out i would get back in on a dip and hold
(01:21 PM) ppusa: ififififif it gets through here
(01:21 PM) shane o c: nice dan i went 65.5 to 69
(01:22 PM) Tom_B: grrrr
(01:22 PM) Daniel X: u too!
(01:23 PM) Daniel X: b/e on the rest
(01:23 PM) Daniel X: out
(01:24 PM) johnl96: short es 89.25
(01:24 PM) johnl96: cmon linda
(01:25 PM) ppusa: only question imo is whether 1450 will get hit before 1500
(01:25 PM) Tom_B: ?
(01:26 PM) johnl96: it just stopped...
(01:26 PM) ppusa: the 50 area .... where we should have hit on my paper trade
(01:27 PM) johnl96: wha happen?
(01:27 PM) Tom_B: holding 5m 200ema, so far
(01:27 PM) shane o c: lookin for weak 3rd push for short
(01:28 PM) ppusa: bored
(01:29 PM) Tom_B: lng
(01:29 PM) Daniel X: we need to clear the whole 65/75 area for any chance to get going
(01:29 PM) ppusa: i have the 15 min BB at kelly's 1485 area
(01:30 PM) ppusa: ANN! weren't you talking about 1440 last night?
(01:31 PM) Daniel X: i was talking about it since the open yesterday
(01:32 PM) Tom_B: so was google
(01:32 PM) noelia_10: Hello somebody has web cam
(01:32 PM) ppusa: i remember it geting tossed around
(01:32 PM) Tom_B: out -1.5
(01:32 PM) Daniel X: we needed to stay above 93 or it was 40 target
(01:32 PM) Daniel X: yesterday we got 17 points from it
(01:32 PM) ppusa: noelia is putting on a show
(01:33 PM) shane o c: shorted 69 to 66 on weak 3rd push
(01:33 PM) Daniel X: good short
(01:33 PM) ppusa: every one of these pullbacks is walking up the 200 ma on the 1 miinute chart
(01:34 PM) ppusa: this last one is so far the low of the current hour
(01:35 PM) kellyr_1: John ...nice short on emini
(01:37 PM) Daniel X: looking for a bounce off 60 to 65..fail and i'm gona bear it
(01:37 PM) Daniel X: PP don't u have a 3 day down rule?
(01:38 PM) Daniel X: turn around on the 4th?
(01:38 PM) noelia_10: Where are you
(01:38 PM) Daniel X: here we go
(01:39 PM) ppusa: new hour just started....opened and pulled back a bit...not the best time to go short...gave back my paper profits
(01:39 PM) Tom_B: lng
(01:39 PM) ppusa: no 3 day down rule here
(01:39 PM) ppusa: 3 humps?
(01:40 PM) ppusa: is this it?
(01:40 PM) ann_87: 73.50 low of 2 days ago
(01:40 PM) Daniel X: i guees
(01:40 PM) Daniel X: guess
(01:40 PM) ppusa: still biased long here...that hasn't changed
(01:41 PM) ppusa: BUT could pullback in here
(01:41 PM) Daniel X: lets see if 76 brings the bulls out
(01:41 PM) Daniel X: should
(01:42 PM) ppusa: i always forget to look for those 3 humps
(01:43 PM) ppusa: finally get them and i am so burnt trying to kknock the market down before they are in that i miss the real drop
(01:44 PM) cburgat: hey everyone
(01:44 PM) Daniel X: histogram has way too many gaps..yuck
(01:44 PM) Daniel X: lets hold 65
(01:45 PM) johnl96: I think I'm getting the hang of this turtle trade
(01:45 PM) ppusa: let's not
(01:45 PM) Daniel X: lol
(01:45 PM) ppusa: look at all those targets
(01:45 PM) ppusa: 56, 58.5, 63.5
(01:45 PM) Daniel X: no longs till 65/75 goes
(01:46 PM) ppusa: now we will have some fun?????
(01:46 PM) Daniel X: i know..crazy huh
(01:46 PM) ppusa: i wish you guys would remind me about those humps
(01:47 PM) ppusa: short q's
(01:48 PM) Daniel X: glad only held one on that
(01:50 PM) ann_87: yest low 56.50
(01:51 PM) sb17: in LBRs book, i think those hills on the ES are called the Three Little Indians trade
(01:51 PM) tomsurf: sb- yes, that's true
(01:53 PM) sb17: now we need a right shoulder
(01:53 PM) Daniel X: we've been getting strong scale up res between 65/75
(01:53 PM) ppusa: overall i am still bullish
(01:53 PM) Daniel X: thats bull
(01:54 PM) Rose0001: Hello everybody. Just got connected.
(01:54 PM) Tom_B: Missed u !!
(01:54 PM) Rose0001: Comcast says internet access was down in all of PA for comcast.
(01:54 PM) Rose0001: I need to see what I missed.
(01:54 PM) ann_87: we all missed you Rose
(01:54 PM) Rose0001: Thanks, guys.
(01:55 PM) ann_87: 59 is 38 % retrace of move from low
(01:55 PM) sb17: hi rose, we've missed you
(01:56 PM) Tom_B: i 'm shooting 4 56, swl
(01:56 PM) Rose0001: Hi SB. Thanks.
(01:56 PM) johnl96: rose, you'd have better luck staying connected with tin cans and a piece of string!!
(01:57 PM) Rose0001: John are you in PA?
(01:57 PM) johnl96: yes, ma'am
(01:57 PM) Rose0001: Comcast?
(01:57 PM) Tom_B: cvrd
(01:58 PM) ppusa: same
(01:58 PM) ppusa: still need lower but i can't tell whether new lows on the day or just consolidate here and then higher after one last downside fake
(01:59 PM) ppusa: soi covered
(01:59 PM) ppusa: soi
(01:59 PM) ppusa: so i
(01:59 PM) ann_87: rose i have comcast and it is fine
(01:59 PM) ann_87: i am sure they willfix your problem
(02:00 PM) johnl96: I like it
(02:00 PM) Rose0001: They told me all of PA was down.
(02:00 PM) Rose0001: Since this AM. I haven't been online since 8 AM.
(02:00 PM) johnl96: nope, been up all day
(02:01 PM) jimbo_320: good afternoon all
(02:01 PM) Rose0001: Thanks. Won't bother the room with my problems.
(02:01 PM) tomsurf: Rose- I wonder if Buffy has same problem?
(02:01 PM) jimbo_320: do or die here
(02:02 PM) ann_87: jimmer can you say what smax is doing here?
(02:02 PM) Rose0001: Buffy has been able to connect either?
(02:02 PM) Rose0001: has =hasn't
(02:02 PM) tomsurf: haven't seen her
(02:02 PM) Rose0001: She wasn't in the room yeterda either.
(02:02 PM) scorp: buffy is out today
(02:02 PM) scorp: she hopes to be back by the ensign class
(02:03 PM) dave_b_quik: buffy had to go to town today
(02:03 PM) jimbo_320: added pivots already but i am now adding murray math and gann to auto-trader over the next week, watch this space
(02:03 PM) dave_b_quik: wow, jimbo, yr amazing
(02:03 PM) jimmer49: No idea ann, except that the 1/3 bb rule has been a bugaboo much of the day - will figure out later if that was good or bad
(02:04 PM) jimbo_320: anyone following murray, looks good so far
(02:04 PM) FrankT: Have you met him Jimbo?
(02:04 PM) cburgat: jimbo, how is retro and smax programming coming along?
(02:04 PM) ann_87: ok jimmer
(02:05 PM) jimmer49: yesterday smax over 100 on 2m
(02:05 PM) jimbo_320: no been reading the enthois site
(02:05 PM) ann_87: great jimmer!
(02:05 PM) FrankT: He is a real piece of work....
(02:05 PM) cburgat: jimmer, smax was over 100 points yesterday on NQ?
(02:05 PM) jimmer49: yes
(02:05 PM) jimmer49: 2 min
(02:06 PM) FrankT: But the Octaves strategies seems to work pretty well
(02:06 PM) jimmer49: don't pm me please
(02:06 PM) cburgat: Frank, what is the Octaves strategy?
(02:06 PM) jimbo_320: retro is tricky due to 2b swinglows etc so i am leaving for moment, i want to add murray first
(02:06 PM) cburgat: what is Murray, Jimbo?
(02:06 PM) AlphaW: voodoo, LOL
(02:07 PM) FrankT: He makes an analogy to musical scale...
(02:07 PM) FrankT: but really based on fib numbers
(02:07 PM) cburgat: is there info on it somewhere, Frank?
(02:07 PM) jimbo_320: 77 was 0/8 apparently today
(02:07 PM) FrankT: It is basically an o/s o/b indicator with focus on TF
(02:08 PM) TurnSig: Murrey is 'natural' S/R #s and the length and time in the last move.
(02:08 PM) FrankT: have U been to his web site?
(02:08 PM) cburgat: no, i haven't seen it
(02:09 PM) FrankT: If you have Qcharts, someone has written a shareware which uses same mate
(02:09 PM) cburgat: i have TradeStation
(02:09 PM) jimbo_320: www.murray math or something like that or www.entios.com
(02:10 PM) ann_87: 2 day low support??
(02:10 PM) thoff: jimbo you mentioned auto trader, what is that?
(02:11 PM) jimbo_320: my charting and trading software www.members.tripod.co.uk/jcssolutions/markets.htm
(02:11 PM) thoff: jimbo, is this a mechanical method you are mentioning?
(02:12 PM) Daniel X: when it gets this tough to make a few points...i call it a day
(02:12 PM) sb17: sorry, jimbo, it doesn't come up
(02:13 PM) AlphaW: gotta take off all protection to get thru tripod....
(02:13 PM) tomsurf: Daniel- it does look like the market is at a major decision point here
(02:13 PM) jimbo_320: yes sorry i put the wrong url in, it has changed
(02:13 PM) tomsurf: lots of cross surrents I guess
(02:13 PM) Daniel X: either that or locals took control...chop
(02:14 PM) jimbo_320: http://members.lycos.co.uk/jcssolutions/markets/index.htm
(02:14 PM) jimbo_320: Try that under auto-trader section
(02:15 PM) ppusa: anyone want to bet there is a spike down tonight and a higher open tomorrow?
(02:16 PM) johnl96: not really
(02:16 PM) ppusa: i have a cycling jacket that says auto trader.com
(02:17 PM) ppusa: i will send you a video ... hang on
(02:18 PM) Ira-1: Ensign 1: what will the training session cover today? thank you
(02:19 PM) johnl96: I'm short, who's with me here?
(02:19 PM) jimbo_320: lol pp
(02:19 PM) johnl96: he probably does, jimbo
(02:19 PM) Daniel X: not me
(02:19 PM) ppusa: can you see it?
(02:20 PM) Daniel X: i'm up 31 on 7 trades and its getting tuff to stay in a trade
(02:20 PM) Daniel X: so....i'm looking for easy trades
(02:20 PM) Daniel X: look at the 200 on the 5 min
(02:20 PM) Daniel X: humpty dumpty
(02:20 PM) ppusa: i have to stop the video computer will crash
(02:20 PM) Ira-1: ON a daily basis it has just hit its target price and should get a retracement from here.
(02:23 PM) ppusa: this the last buying opportunity???i would like to see a definitive spike before up but
(02:24 PM) ppusa: potential Gartley?
(02:24 PM) Tom_B: l 57
(02:25 PM) Daniel X: still needs to get above 65/75 or we're chopp till the close
(02:25 PM) Ira-1: now a 60% probability of 1098
(02:25 PM) Daniel X: good entry Tom
(02:26 PM) Tom_B: C'mon Dan help out :)
(02:26 PM) Daniel X: let it hold 60
(02:26 PM) Daniel X: lol
(02:26 PM) Daniel X: ok limit @1465 20 contracst
(02:27 PM) ppusa: 3 and 6 poiint PnF here on a late call
(02:28 PM) Tom_B: lol...made $ 10
(02:28 PM) Daniel X: u had to watch 60 support
(02:28 PM) ppusa: not paying attention
(02:28 PM) ppusa: only got 5.5
(02:29 PM) ppusa: happening a lot lately...might have to switch to 5 poiint
(02:29 PM) Daniel X: 5 point what?
(02:29 PM) Daniel X: target?
(02:29 PM) ppusa: 1463-6=1457
(02:30 PM) Daniel X: oh ok 5 point PnF
(02:30 PM) ppusa: hit 57.6
(02:30 PM) ppusa: .5
(02:30 PM) Daniel X: k
(02:30 PM) ppusa: 1-2-3-4 here
(02:31 PM) Daniel X: 60 key but not a damn long till this whole 65/75 area is cleared
(02:31 PM) nell6: is there voice
(02:31 PM) Daniel X: for me
(02:31 PM) ppusa: here comes 57
(02:32 PM) ppusa: mostly type only
(02:32 PM) ppusa: who's your daddy
(02:32 PM) Daniel X: he;s in jail
(02:33 PM) Tom_B: shrt 58
(02:33 PM) Daniel X: good
(02:33 PM) Daniel X: watch the 200 on the 5 min
(02:35 PM) ppusa: bear flag?
(02:35 PM) ann_87: head and shoulder 15 min?
(02:35 PM) Tom_B: looks it
(02:36 PM) ppusa: oh look 50
(02:36 PM) Tom_B: target anyone ?
(02:36 PM) Daniel X: humpty Dumpty like i said
(02:37 PM) johnl96: new lod comin' guys, I'm tellin' ya
(02:37 PM) ppusa: this is area i was looking for as possibly the buy zone
(02:37 PM) Daniel X: Tom 46 target so far
(02:38 PM) Tom_B: k
(02:38 PM) cburgat: Jimmer, you still around?
(02:38 PM) Daniel X: locals controlling the market..and i don't like trading when they do
(02:40 PM) raz_62: how do you determine that
(02:40 PM) Daniel X: u take it Tom?
(02:40 PM) jimmer49: yes, but busy cburgat
(02:40 PM) nell6: how do you know daniel x?
(02:40 PM) Daniel X: know what...locals ?
(02:40 PM) Tom_B: cvrd 52
(02:40 PM) raz_62: yes
(02:41 PM) nell6: that they are controlling the market now
(02:41 PM) Daniel X: when we move back and forth but really no follow through
(02:42 PM) raz_62: i am really clue less on that how many locals are there do they trade electronically
(02:42 PM) Daniel X: on the florr
(02:42 PM) Daniel X: floor
(02:42 PM) raz_62: i think we going to 1413
(02:44 PM) Daniel X: i just got confirmation off the floor that locals are in scalp mode
(02:44 PM) tippet: have a desc wedge on 5mn got poke out bottom and bounce off 71% of days range see if we can reverse up
(02:44 PM) ppusa: did
(02:44 PM) ppusa: good eye Mr. Tippet
(02:44 PM) Daniel X: 14:31
(02:44 PM) raz_62: i dont want to be scalped
(02:44 PM) Daniel X: thats why i stay out
(02:45 PM) ppusa: that was the spike i was looking for
(02:45 PM) ppusa: now what's next?
(02:45 PM) jimmer49: hardly enough time to think anything through in this action
(02:45 PM) raz_62: what is the floor like do they sit around with computers trading e minis electronically
(02:46 PM) Daniel X: locals place their orders through dealers
(02:48 PM) ppusa: S and P lagging a bit
(02:49 PM) Daniel X: if at 3:30 we stay below 53 to 58 1400 comes into play most likely thursday
(02:49 PM) ppusa: recovering
(02:51 PM) Daniel X: traders getting ready for more downside but not biting just yet
(02:51 PM) johnl96: how do you know that Daniel?
(02:52 PM) Daniel X: ;-)
(02:52 PM) johnl96: I won't tell anyone, I promise
(02:52 PM) Daniel X: lol
(02:52 PM) Tom_B: soon, vry soon
(02:53 PM) johnl96: oh, great, we broke out the Magic 8 Ball again
(02:53 PM) Tom_B: let's hve a bullet train here
(02:53 PM) johnl96: I just shorted again
(02:53 PM) johnl96: so you better be right Daniel
(02:55 PM) Daniel X: john send me my commission through PayPal
(02:55 PM) Daniel X: don't forget their in scalp mode
(02:56 PM) Daniel X: if no one jumps on with them they'll cover quick
(02:56 PM) ppusa: if that move to 1474 is a cycle high of sorts then we need a major cycle low
(02:56 PM) Daniel X: damn lost dats brb
(02:56 PM) raz_62: will they scalp all the way to 1413
(02:56 PM) johnl96: I don't understand what's holding this up...
(02:57 PM) Tom_B: give it a few min
(02:57 PM) Daniel X: yes John ..thats what i'm thinking too
(02:57 PM) Daniel X: i have been wrong on occasion though
(02:57 PM) Tom_B: nah :)
(02:57 PM) Daniel X: lol
(02:57 PM) Daniel X: thnx Tom
(02:58 PM) Tom_B: LOL
(02:58 PM) Tom_B: grrr
(02:58 PM) nell6: what are we looking at?
(02:58 PM) nell6: nq?
(02:59 PM) nell6: just to be sure we are on the same page , currently at 1447.50
(02:59 PM) Tom_B: flat
(02:59 PM) Daniel X: it's atake what u can get market
(02:59 PM) ppusa: good buy coming up on smax
(02:59 PM) Daniel X: yes NQ Nell
(02:59 PM) ppusa: the kind i like to see i think
(03:00 PM) Daniel X: johnu cover?
(03:00 PM) raz_62: good buy??????
(03:00 PM) Daniel X: damn i keep losing data connection
(03:00 PM) Daniel X: brb
(03:00 PM) raz_62: 1413 my man
(03:00 PM) ppusa: watch the 3 minute
(03:01 PM) nell6: 1413 ?
(03:01 PM) amer_68: top 1/3 pp
(03:01 PM) AlphaW: 1413????
(03:01 PM) Tom_B: not on 2m
(03:01 PM) raz_62: just a crazy prediction wi=th little basis
(03:01 PM) ann_87: 3rhd push down
(03:02 PM) ppusa: you guys
(03:02 PM) Daniel X: i'd be really suprised if e go to 1413 today
(03:02 PM) Tom_B: l 50
(03:02 PM) ppusa: you never let mehave any fun
(03:02 PM) ann_87: sma long 50.50?
(03:02 PM) ann_87: buy div on 3 min
(03:02 PM) Tom_B: tnk so ann, on 2m...nvr know though ..
(03:02 PM) nell6: maybe with 4pt stop
(03:03 PM) Daniel X: John?
(03:03 PM) raz_62: would have been chewed up
(03:04 PM) ppusa: who's your daddy
(03:04 PM) Daniel X: i told you before ..mt daady's in jail!!
(03:04 PM) amer_68: good on you pp!
(03:04 PM) raz_62: hope my daddy dont get gored by the BULL
(03:05 PM) ppusa: a scalped that long
(03:05 PM) ppusa: but that is the one i like to see
(03:05 PM) Daniel X: yes shhould stay in scalp mode as long as they do
(03:05 PM) ppusa: trend started to flatten
(03:06 PM) Tom_B: time to do it
(03:06 PM) ppusa: 3 humps down kinda?
(03:06 PM) ppusa: rule of 4
(03:07 PM) Tom_B: or i'm a Chimps butt
(03:07 PM) Tom_B: Dan l 50
(03:07 PM) Daniel X: ok
(03:07 PM) ppusa: okay my buy says long with a stop for now
(03:08 PM) ppusa: this could die here i do not know
(03:08 PM) Daniel X: i can't scalp in this
(03:08 PM) Tom_B: out 1/2
(03:08 PM) shane o c: dan i can't either
(03:08 PM) johnl96: think positive
(03:08 PM) shane o c: i can scalp -2 -1 -2
(03:08 PM) raz_62: they been doing 2000ticks down 2000 ticks up for a while
(03:08 PM) ppusa: check out the channel on the 15 minute
(03:09 PM) Daniel X: i used to ..but now i'm after the real moves
(03:09 PM) Daniel X: lol shane..u serious
(03:09 PM) shane o c: that is minus 1 or 2
(03:10 PM) Daniel X: unless you're good at BB ping pong like PP and i'm not w8 for breakout
(03:10 PM) tippet: this up is a freeken messss not convincing
(03:10 PM) Tom_B: flat
(03:10 PM) ppusa: i woldn't call this bb ping pong
(03:10 PM) Tom_B: :)
(03:10 PM) Daniel X: although Tom's kicking my but on scalping now
(03:10 PM) ppusa: we got the 3 humps
(03:11 PM) Daniel X: yes PP humped
(03:11 PM) Daniel X: not humps
(03:11 PM) ppusa: now time for next setup
(03:11 PM) Tom_B: I'd rather hve the bigger swings...dropped the ball on sme of those today..the "easy" $
(03:11 PM) ppusa: you shorted the humps didn't you
(03:12 PM) Daniel X: hey $ is $ can't complain
(03:12 PM) shane o c: looking for break of 55 for r h&s
(03:12 PM) Daniel X: no no i'm not a scalper unless when i scalp out on a real move
(03:13 PM) ppusa: done for the day
(03:13 PM) ppusa: unless it takes off
(03:13 PM) Daniel X: oh yes i stopped an hour ago roughly
(03:13 PM) shane o c: here we go
(03:13 PM) Tom_B: l
(03:14 PM) Daniel X: time to short
(03:14 PM) Tom_B: lol
(03:14 PM) ppusa: close here?
(03:14 PM) Daniel X: Tom out up the 2 min..mannnn BB ping pong
(03:14 PM) Tom_B: if no folwthru...y to shrt
(03:15 PM) Daniel X: put up a 2 min
(03:15 PM) shane o c: -2
(03:16 PM) Daniel X: this is locals
(03:17 PM) johnl96: well, I'm glad the bond market closed and kick started this thing for us
(03:17 PM) tippet: feel like a salmon fighting his way upstream .....
(03:17 PM) Daniel X: everone put up a 2 min and you'llsee what i mean..by locals controlling
(03:17 PM) Tom_B: Feel like a salmon in a bears mouth
(03:18 PM) Daniel X: since 12.50 pm BB ping pong
(03:18 PM) raz_62: 50 level is always tuff
(03:18 PM) ann_87: the salmon indictor
(03:18 PM) johnl96: ok, what am I looking at Daniel?
(03:18 PM) shane o c: pick up sticks--where your were a kid
(03:18 PM) Daniel X: everytime like clock work see
(03:18 PM) shane o c: shen
(03:19 PM) shane o c: when
(03:19 PM) jsmac: I think that's when the locals come out and play pickpocket
(03:19 PM) Rose0001: LOL, jsmac.
(03:19 PM) jimmer49: these moves well defined by 8 period bb on 2 min
(03:20 PM) Daniel X: yes i remember it was you who clued me into this months ago
(03:20 PM) Daniel X: jimmer
(03:20 PM) Daniel X: thnx
(03:20 PM) johnl96: speaking of clues, I have none
(03:20 PM) Daniel X: btw
(03:20 PM) raz_62: 34 period channel also
(03:20 PM) raz_62: back and forth
(03:21 PM) raz_62: on 50t
(03:21 PM) jimmer49: only way to play these little quick bb moves is to lay in wait with a limit order near top or bottom band and if filled grab 2 point as soon as you have it
(03:21 PM) ppusa: nq closing beneath yesterday's low sets up turtle soup
(03:21 PM) Daniel X: or hold till reverse BB
(03:21 PM) jimmer49: if wrong the lose 2, but mostly right
(03:22 PM) Ira-1: well 1091 came to pass, so much for the 60% probability. Still in a downtrend
(03:22 PM) johnl96: no it doesn't pp
(03:22 PM) Daniel X: PP if we close below 53/58 1400 looks promising
(03:22 PM) tomsurf: jimmer- lol, I imagine that just a couple of blinks
(03:22 PM) jimmer49: once reversal has shown itself is often too late when bb range only 4
(03:23 PM) Daniel X: jimmer i meant to the oposite BB
(03:23 PM) raz_62: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-06/raz%2034channel575.jpg
(03:23 PM) jimmer49: tomsurf - quickest way to make money I know, but not really fun imo
(03:23 PM) johnl96: possible turtle soup on es but not on nq
(03:23 PM) raz_62: for any interested
(03:23 PM) tomsurf: jimmer- I think the key you mentioned is having order in and ready.
(03:24 PM) tomsurf: otherwise it's already moved
(03:24 PM) amer_68: JIMMER What if slide along band like at 14:53 & 150 2est?
(03:24 PM) ppusa: if i may say 2 cents about scalping...i think it best that one waits for the best setups. inmy experience it takes full concentration to catch the best setups and if i begin looking for scalps it takes away from the biggies. Of course there are a few exceptions like the 2nd hump being worth about 10 points.
(03:24 PM) johnl96: jimmer, is this that enthios bb scalp thing I was reading about?
(03:25 PM) JKearney: who releases the trades in here?
(03:25 PM) johnl96: anyone, for entertainment only
(03:25 PM) Daniel X: releases?
(03:25 PM) Daniel X: calls?
(03:25 PM) JKearney: who runs the room?
(03:25 PM) Daniel X: dave
(03:25 PM) ppusa: runs it or owns it?
(03:26 PM) Daniel X: but we all cal setus and personal trades
(03:26 PM) johnl96: you're from the CFTC aren't you
(03:26 PM) dave_b_quik: LOL i opened the room, but hardly run it
(03:26 PM) ppusa: you need to talk to me
(03:26 PM) JKearney: no i was just wondering
(03:27 PM) ppusa: especially if you have a complaint
(03:27 PM) dave_b_quik: thot maybe you were volunteering, JK
(03:27 PM) JKearney: lol no complaints here
(03:27 PM) jimmer49: John - I am talking about my own, don't know about enthios
(03:27 PM) Tom_B: geesh
(03:27 PM) Daniel X: a few months ago i almost got a job offer from abbyJ Cohen...u wanna hire a trader?
(03:27 PM) johnl96: k jimmer, my confusedness continues
(03:28 PM) Daniel X: JK that was for you
(03:28 PM) raz_62: she sold me my yahoo
(03:28 PM) ppusa: where did he go
(03:29 PM) Daniel X: ask her for my commission on the 1100 low six week rally i called when she was here
(03:29 PM) raz_62: about to hit the top channel again
(03:29 PM) Daniel X: tha should cover the yahoo lost
(03:29 PM) ppusa: let me at him
(03:29 PM) ppusa: last time she was her she warned us that she was taking profits
(03:29 PM) ann_87: adx below 20
(03:30 PM) Daniel X: when was this PP?
(03:30 PM) tippet: 4th touch 15mn
(03:30 PM) Daniel X: we're going nowhere
(03:30 PM) raz_62: anyone know why google stopped by to tell us she was long at 45 and left????
(03:31 PM) tomsurf: ann- I woulda guessed that w/out looking I think
(03:31 PM) tomsurf: but tells us we be doing nothing ;-)
(03:31 PM) Daniel X: unless 65/75 gets clear
(03:31 PM) raz_62: if we knew then what we know now
(03:31 PM) ann_87: i know tom lol
(03:32 PM) raz_62: could have retired in the past hour
(03:32 PM) Daniel X: we all knew then...didn't want to listen or beleive!!!
(03:32 PM) ppusa: quite awhile ago dan
(03:32 PM) ppusa: before the top but in that general area
(03:32 PM) Daniel X: thnx PP
(03:33 PM) Daniel X: Chimp slipping on banana pls?
(03:33 PM) Daniel X: peels
(03:34 PM) tomsurf: not really a good chimp day
(03:34 PM) sb17: you can say that again, tom
(03:34 PM) Tom_B: We lived in DaNile, now were under water :)
(03:35 PM) Tom_B: referencing Dan's comments
(03:35 PM) ppusa: 3 humps nq?
(03:35 PM) raz_62: sideways speed bumps maybe
(03:36 PM) Tom_B: good scalping...anyone here doing that ?
(03:36 PM) raz_62: looks like a ekg of my heartbeat
(03:36 PM) johnl96: jimmer, enthios woulda shorted 1453 (i think) on 2 min and covered on next bb touch...is that kinda what you're talking about?
(03:36 PM) Daniel X: pit 605 full
(03:36 PM) raz_62: bottom channel here
(03:37 PM) johnl96: ya know raz, I was actually looking at an ekg book once to find price patterns (no lie!!)
(03:37 PM) raz_62: this looks real here
(03:37 PM) jimmer49: yes, john
(03:37 PM) johnl96: no luck tho
(03:37 PM) raz_62: maybe
(03:38 PM) jimmer49: It was one of those that would have lost unless very patient
(03:38 PM) Daniel X: i salut all who will trade this move
(03:38 PM) ann_87: tomsurf just to clarify i was speaking of the smax 3 min 9period adx... not the 14 period
(03:38 PM) raz_62: on your advice ill watch
(03:38 PM) tomsurf: ann- ah... I was mostly just kidding ya after watching all this chop ;-)
(03:39 PM) Tom_B: nice bb shrt
(03:39 PM) raz_62: its going down
(03:39 PM) ann_87: np tom... just wanted to clarify what adx i was speaking about
(03:40 PM) Daniel X: i do not have the nerves for this
(03:40 PM) jimmer49: very good bb short because price breached the upper bb on 3 min by about 2 and bb remained flat, and then price fell through to the downside
(03:40 PM) Tom_B: This one i didn't take, dah
(03:40 PM) jimmer49: that is a very good setup, but must be very quick to spot and get
(03:40 PM) nell6: can't take em all Tom_B
(03:41 PM) Tom_B: Jimmer what is basis to cvr...rev or take out of recent sw lo like here ?
(03:41 PM) ppusa: this sell - smax - the one i like
(03:41 PM) Daniel X: cover at BB Tom
(03:41 PM) ppusa: you check 'em...you trade 'em
(03:41 PM) Daniel X: safest trade
(03:42 PM) Daniel X: smax BB surge
(03:42 PM) Tom_B: pp ?
(03:42 PM) jimmer49: on those bb trades it is always a snap judgement when to get out, but I usually expect min 2 points and try to get at least 3/4 of way to opposite bb.
(03:42 PM) Tom_B: tnx
(03:42 PM) jimmer49: general feel can help to stay longer at times
(03:43 PM) ppusa: tom?
(03:43 PM) raz_62: off duty cop shoots a child by accident in philly...
(03:43 PM) Tom_B: chk'm, trd'm ?
(03:43 PM) ppusa: the last 2 smax trades
(03:43 PM) raz_62: cop was giving demonstration in a school - kid was not killed
(03:44 PM) jimmer49: willing to settle for b/e rather than give up too soon, because there will be another trade very soon unless range changes
(03:44 PM) Tom_B: ride both sides or stay with trnd ?
(03:44 PM) ppusa: you talkiing to me?
(03:45 PM) johnl96: can't find a real clean turtle reversal on any tf on es
(03:45 PM) Daniel X: the locals are on both sides
(03:45 PM) jimmer49: usually no real trend is when this is best done
(03:45 PM) Tom_B: Taxi ?
(03:45 PM) Daniel X: no trend
(03:45 PM) Tom_B: ok
(03:45 PM) jimmer49: bb should be lateral except on 1 min, which almost never is
(03:45 PM) johnl96: ok, long now
(03:45 PM) ppusa: good smax buy off lower bb
(03:46 PM) Daniel X: u serious John!!!
(03:46 PM) Daniel X: ?
(03:46 PM) tomsurf: enthios site sure is interesting...many thanks to Rose.
(03:46 PM) Daniel X: to next B
(03:46 PM) Daniel X: b
(03:47 PM) Tom_B: agree with john
(03:47 PM) tippet: same count 3 humps down on 5min
(03:47 PM) amer_68: jimmer: Trigger?
(03:47 PM) Tom_B: Got the swL, Dan
(03:47 PM) Daniel X: good
(03:48 PM) jimmer49: amer - not sure what you are asking
(03:48 PM) Daniel X: mt data keeps cutting out ..brb
(03:48 PM) johnl96: he's asking if your horse is named Trigger, jimmer
(03:48 PM) jsmac: lol
(03:49 PM) jimmer49: no, my wife lol
(03:49 PM) amer_68: Enter on first up bar if fall below a flat bb?
(03:49 PM) raz_62: 50 support now 50 res???
(03:50 PM) Daniel X: low 50s target
(03:50 PM) Tom_B: Dan..still time to get a real computer :)
(03:50 PM) jimmer49: amer - no. don't usually even wait for up bar, just set limnit order at or .5 above lower bb and hope to get fill
(03:50 PM) Daniel X: ahman wt..dat again
(03:50 PM) Daniel X: brb
(03:50 PM) Daniel X: lolTom
(03:51 PM) amer_68: Tks. Giddy yup!
(03:51 PM) Tom_B: shrt of bb
(03:52 PM) Daniel X: DBank sold 250 cars from 1452 to1445
(03:53 PM) Daniel X: 15:43
(03:53 PM) Daniel X: thats waht that move was about
(03:53 PM) Tom_B: out...a bit too late 4 me
(03:54 PM) Daniel X: once the locals take control we really go nowhere
(03:55 PM) Daniel X: raz you we're saying we're going down?
(03:55 PM) Daniel X: lol
(03:55 PM) jimmer49: the risk reward is favorable becuse of the success ratio
(03:55 PM) Tom_B: Dan I just grabbed a couple nice $ out of there witht his ting going nowhere
(03:55 PM) Daniel X: don't beleive for a sec
(03:55 PM) Daniel X: good at least someone can trade this...i canot
(03:56 PM) Daniel X: well i refuse too i meant
(03:56 PM) Tom_B: jimmmer is it typ a pt or 2 against ?
(03:56 PM) jimmer49: not doing it now because bb's have started moving around
(03:56 PM) raz_62: very unusual to chop until close
(03:56 PM) MartyJ01: Daniel where do you get trained on trading e-minis ? thnx
(03:57 PM) nell6: jimmer , what if it hits BB and continues to slid?
(03:57 PM) Daniel X: lol good question
(03:57 PM) raz_62: you lose
(03:57 PM) Tom_B: Dan went to the Retro School
(03:57 PM) jimmer49: lose a point or 2, make 2 or 3 with a success ratio of about 3 to one when conditions right
(03:57 PM) Daniel X: then to Smax school
(03:57 PM) jimmer49: and sometimes end up with 6 or 7 profit
(03:57 PM) Tom_B: tnx jimme
(03:57 PM) Tom_B: r
(03:58 PM) Tom_B: jimmer, do u use IB ?
(03:58 PM) jimmer49: yes
(03:58 PM) MartyJ01: Thats what I thought...lol
(03:58 PM) Tom_B: some here hve been having stability probs..hve u ?
(03:59 PM) ppusa: i was
(03:59 PM) ppusa: better today
(03:59 PM) Tom_B: same time..earlier this wk ?
(03:59 PM) ppusa: who had the bad memory chip?
(03:59 PM) jimmer49: and actually most of my bb trades are at market, even entries - I just sit here with market order ready and just whack it at the hopelfully right time
(03:59 PM) Tom_B: me...just my memory.. lol
(03:59 PM) raz_62: top channel
(04:00 PM) Daniel X: Raz>>>>>i lose?<<<<<<<
(04:00 PM) ppusa: seriously...someone did have a bad chip
(04:00 PM) Daniel X: what do u mean?
(04:00 PM) raz_62: no
(04:00 PM) Tom_B: k...tnx...do u hve a bkup bkr also ?
(04:00 PM) raz_62: when it slides down the band
(04:00 PM) raz_62: you lose
(04:00 PM) raz_62: what if it hits BB and continues to slid?
(04:01 PM) jimmer49: raz - when it slides down the band the bb game is over for a while
(04:01 PM) Tom_B: pp...i had & hve higher mem prob's but not ram , elsewhere...a mystery
(04:01 PM) Daniel X: oh ..yes but Dbank dumped 250 contracts at 52 to 45
(04:01 PM) jimmer49: when that happens, the bb is no longer flat
(04:01 PM) jimmer49: trade only like this when bb is flat
(04:01 PM) raz_62: what tf
(04:01 PM) raz_62: you trade
(04:02 PM) jimmer49: 2m and 1m for this
(04:03 PM) johnl96: well, I'm waiting on the 4:04 breakout here
(04:03 PM) Tom_B: pp, was that ques 4 me ?
(04:03 PM) Daniel X: well it was phun till about lunch so i hope everyone did ok today
(04:03 PM) raz_62: im not short today john
(04:04 PM) raz_62: they only push it 10 points after 4 when im short
(04:04 PM) Daniel X: lol
(04:04 PM) raz_62: been caught in that several times
(04:05 PM) Daniel X: too thin to tarde after 4 pm
(04:05 PM) Daniel X: trade
(04:05 PM) nell6: i agree with daniel x
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(04:05 PM) Daniel X: on average anyways
(04:06 PM) Tom_B: sometimes though Dan..you can smell a short cvr or lng liq after a move & ride it
(04:06 PM) Tom_B: into close
(04:06 PM) berma: is there an ensign class today?
Daniel X: get burned more often than not after 4
Tom_B: if u get good trde location, the odds r in ur fvr, imho
Daniel X: maybe thats just me though
raz_62: im with dan
raz_62: no more for me
Daniel X: i'm not that goodTom
ensign_kimball: Today's Ensign Windows class will discuss Stochastics, Williams %R, MACD, and Daily Price Lines. Starts at 3:30 Central Time (20 minutes)
raz_62: very helpless feeling to be wrong after 4
Daniel X: or just cannot stomach it anymore
Daniel X: yes very true raz
Tom_B: cut that out, no taking sides...besides it's a specific trade...more hit & run oriented...esp after extnded moves whn the mkt's out of balace
Daniel X: i saw PP hold a trade after 4 once and it only worked out till 4:13!!!!
Daniel X: scared the ....out of him i bet
johnl96: 4:13's a pretty decent 1 min scalp actually
johnl96: sometimes
Daniel X: i no longer get myself into a pay and pray trade
Daniel X: i'll let the volitilty take me out...and on to the next one
Daniel X: no need to be right against some big player stepping in
johnl96: looks like support's holding on es...
johnl96: but then so's resistance
johnl96: and they're the same number!!
Daniel X: 1440 by weeks end
(04:12 PM) Daniel X: looks like
(04:12 PM) Daniel X: u just never know
(04:12 PM) Daniel X: what i know
(04:13 PM) Daniel X: lol
(04:13 PM) johnl96: I'd ask why you say that, but you'd just type in a little smiley face, so I won't bother
(04:13 PM) Daniel X: i'll see everyone in the am...
(04:14 PM) Daniel X: John there are certain #s the pit watches
(04:14 PM) johnl96: here it is...4:13 scalp
(04:14 PM) johnl96: oh, ok
(04:15 PM) Tom_B: Definitelt ttmar
(04:15 PM) Daniel X: and when these #s print do what they are told
(04:15 PM) johnl96: 4:13 scalp good for b/e
(04:15 PM) nell6: b/e?
(04:15 PM) johnl96: break even
(04:15 PM) johnl96: mercifully, it's over
(04:16 PM) Tom_B: 4 all of us :)
(04:16 PM) Daniel X: u did ok though right?
(04:16 PM) Tom_B: me ?
(04:16 PM) Daniel X: yes
(04:16 PM) Tom_B: y
(04:16 PM) Daniel X: and john
(04:16 PM) johnl96: yeah, till I started trying to trade the chops
(04:16 PM) Daniel X: good
(04:16 PM) Daniel X: ah man ..sorry to hera that
(04:17 PM) Tom_B: i'd like to get better in the chop..that's usually where the mornings profits get donated
(04:17 PM) Daniel X: you had good entries but you have to cut fast
(04:17 PM) Tom_B: me ?
(04:17 PM) Daniel X: Tom practice on the Best demo account
(04:18 PM) Tom_B: i need to just grab 5 pts...get that a lot
(04:18 PM) Daniel X: no not u ..john..was calling chop entries but i think he was expecting to much out of the trades
(04:18 PM) nell6: the chop is where the market is most of the time?
(04:18 PM) raz_62: why did we chop till close
(04:18 PM) Daniel X: he expected a breakout
(04:18 PM) raz_62: thats not normal
(04:19 PM) Daniel X: be cause the range from the am was put in at the 11 am low
(04:19 PM) Daniel X: i add 15 points to that to estimate the chop zone
(04:19 PM) Daniel X: and w8 for the break out
(04:20 PM) raz_62: break low or high
(04:20 PM) raz_62: either way
(04:20 PM) Daniel X: if i get chooped up by it going in and out of that zone we ususally go nowhere and the locals step up to the plate and scalp each other to death
(04:20 PM) raz_62: how long have you been trading nq
(04:21 PM) Daniel X: oct 2000
(04:21 PM) Daniel X: after hey handed me my head on stocks
(04:21 PM) raz_62: me too
(04:21 PM) Daniel X: they
(04:21 PM) raz_62: i started 3-8-2000
(04:22 PM) nell6: nq better to trade than stocks daniel x ???
(04:22 PM) raz_62: tore me up
(04:22 PM) Daniel X: the volitlty was lost so i had to come to NQs
(04:22 PM) Daniel X: yes Nell
(04:22 PM) Daniel X: because of the margin rule
(04:22 PM) nell6: nq more choopy though
(04:22 PM) Daniel X: alot of day traders had to leave stocks and come here
(04:23 PM) Daniel X: yes more chop ..but if you can trade NQ..stocks are a walk in the park
(04:23 PM) johnl96: yes, daniel, I do hold too long in a choppy mkt
(04:24 PM) Daniel X: you had good enties
(04:24 PM) Daniel X: entries
(04:24 PM) Daniel X: i was hoping you took every damn 3 points you saw
(04:25 PM) johnl96: I made money today, but I gave too much back
(04:25 PM) Daniel X: you have to remember that in chop even though your right in the direction your stopp won't hold
(04:25 PM) TheBigD: wish there was a way to tell when it's going to chop
(04:25 PM) Daniel X: so you gotta look for the 5 point target
(04:26 PM) Daniel X: ther is a way
(04:26 PM) Ensign Software: The Ensign Windows training class starts in 5 minutes in the Ensign Windows chat room.
(04:26 PM) Daniel X: i did it today
(04:26 PM) johnl96: but I do very well overall
(04:26 PM) Daniel X: i showed you
(04:26 PM) TheBigD: yes?
(04:26 PM) johnl96: thanks howard
(04:26 PM) TheBigD: could you say again?
(04:26 PM) Ensign Software: You are all welcome to join us. Kimball will be training on how to use some of the studies.
(04:26 PM) ppusa: Tom
(04:26 PM) Tom_B: me ?
(04:26 PM) ppusa: yes
(04:26 PM) Daniel X: ok..look at the low around 11 am
(04:26 PM) Ensign Software: Is Buffy ill today, or just away??
(04:27 PM) Daniel X: when we stalled right ther and turned around
(04:27 PM) ppusa: yyou have me on ignore
(04:27 PM) ppusa: ?
(04:27 PM) Tom_B: LOL
(04:27 PM) Tom_B: no
(04:27 PM) Daniel X: i add 15 points
(04:27 PM) raz_62: not
(04:27 PM) johnl96: ok daniel, go the lo, now what?
(04:27 PM) Daniel X: so 40 to 55 was the chop zone
(04:27 PM) raz_62: thats only 41
(04:27 PM) raz_62: low was 36.5
(04:27 PM) Daniel X: yes 40 41
(04:28 PM) Daniel X: add 15 points to that #
(04:28 PM) raz_62: duh
(04:28 PM) raz_62: my adding was bad on that
(04:28 PM) Daniel X: it a rough estimate
(04:28 PM) Tom_B: pp, remember ur name doesn't come up here, it's greyed out...to me..that's it..i'll try pm u
(04:28 PM) Daniel X: 11 am
(04:28 PM) Daniel X: low
(04:28 PM) Daniel X: add 15 points when we turn around
(04:28 PM) Daniel X: add you get roughly 55 right?
(04:29 PM) nell6: the low was at 11:30
(04:29 PM) Tom_B: pp shud be ok..
(04:29 PM) nell6: or 10:45 est
(04:29 PM) Daniel X: look at where the high was made after that 11 am low
(04:29 PM) Daniel X: no forget the low low just the 1 am low
(04:29 PM) johnl96: are you talking exactly 11:00 or the lows on either side?
(04:29 PM) Daniel X: 11 am
(04:29 PM) Daniel X: low
(04:30 PM) johnl96: 1444.50?
(04:30 PM) Daniel X: reversal period occurs right there
(04:30 PM) Daniel X: 11 oclock reversal period
(04:30 PM) Daniel X: usually
(04:31 PM) johnl96: ok so the chop zone is between there and +15 pts?
(04:31 PM) Daniel X: add 15 points and it goes right to 55 area
(04:31 PM) nell6: but the low was 1445 at 11:00
(04:31 PM) Daniel X: ok Nell add 15 points to your #
(04:31 PM) nell6: what am i missing?
(04:31 PM) nell6: 1460
(04:32 PM) johnl96: go, nell, go
(04:32 PM) Daniel X: ok and where did the market go after that turn around up side
(04:32 PM) TheBigD: so the point is to stayy out of trades until we breach this zone one way or the other?
(04:32 PM) Daniel X: yes stay out
(04:33 PM) Daniel X: i added 15 points to 1440 because the was support and the target on the day
(04:33 PM) Daniel X: so it went right to 55 and fell
(04:33 PM) johnl96: if you're gonna say it tagged 1460, i'm just gonna have to hack your isp or something daniel
(04:33 PM) TheBigD: thanks Daniel, will review this technique because I've been chopped, sliced, diced and ground into little pieces
(04:33 PM) raz_62: huh it went to 73
(04:33 PM) Daniel X: lol John
(04:33 PM) Daniel X: no it did not
(04:34 PM) Daniel X: it fell back down
(04:34 PM) johnl96: review what technique? I still don't have a clue what he's talking about
(04:34 PM) Daniel X: it fell and chopped till it broke out 55 to 60 area
(04:34 PM) raz_62: didnt go to 73
(04:34 PM) raz_62: 73.5
(04:35 PM) tkay_1: daniel, you still trading retro?
(04:36 PM) Daniel X: oops wrong button lol
(04:36 PM) Daniel X: ok got it?
(04:36 PM) johnl96: I know you add 15 pts to something.
(04:36 PM) raz_62: ok wehen we did break that level then what
(04:37 PM) Daniel X: when we break out it has to stay out and hold it as suport
(04:37 PM) johnl96: on the 2 min, my 11:04 bar has a low of 1144
(04:38 PM) Daniel X: i went long at 56.50
(04:38 PM) johnl96: +15 pts = 1159
(04:38 PM) Daniel X: just above 55 which was the 1440 taget and where the bounce area occured
(04:39 PM) Daniel X: that s ok John
(04:39 PM) johnl96: where are you getting 1440?
(04:39 PM) Daniel X: notice the market did nothing till that area was taken out
(04:39 PM) Daniel X: John 1440 was the low target on the day
(04:40 PM) Daniel X: just because we went slightly through it and stopped dead it shows me that the pit respected that low
(04:40 PM) johnl96: ok, now I'm REALLY confused
(04:41 PM) Daniel X: y?
(04:41 PM) johnl96: what does 11:00 have to do with anything
(04:41 PM) Daniel X: there are key time reversal periods all day
(04:42 PM) Daniel X: John remember what u said about buying or selling the 10 min bar?
(04:43 PM) johnl96: you had a proj lo of 1440 and it held, pretty much
(04:43 PM) Daniel X: yes it di exactly
(04:44 PM) Daniel X: the pit did not sell it either
(04:44 PM) johnl96: they you projected the top of the range at 1455 (1440 plus 15)
(04:44 PM) Daniel X: yes
(04:44 PM) johnl96: when it broke the top of the range you went long
(04:44 PM) Daniel X: yes
(04:45 PM) Daniel X: but not on the 1rst breakout
(04:45 PM) johnl96: ok, now all we need to know is where the 1440 came from
(04:45 PM) Daniel X: it had to go through come back and hold support then i weny long at 56.50
(04:45 PM) johnl96: (raz, nell, you grab him from behind and I'll beat it out of him)
(04:45 PM) Daniel X: lol
(04:46 PM) Daniel X: every one pretty much had the 40 as a target
(04:46 PM) ppusa: where was google today?
(04:46 PM) johnl96: ok, like any other break of resist
(04:46 PM) Daniel X: right
(04:47 PM) johnl96: ok
(04:47 PM) Daniel X: and i held it up to a test of 70 and moved my stop just under 65 support
(04:49 PM) nell6: so you took 18pts out of that trade?
(04:49 PM) Daniel X: and as you now know..when we fell back into the chop zone we really went no where
(04:50 PM) Daniel X: yes i cut 1/2 my pos @ 65 target
(04:50 PM) johnl96: ok, so are these projected lows and highs and supp/res like the decision point numbers and stuff George Angell teaches?
(04:50 PM) Daniel X: and moved stop to 64.50 an the rest
(04:50 PM) Daniel X: don't know him
(04:51 PM) Daniel X: probably though..u tell me
(04:51 PM) johnl96: I think Rose posts his numbers in dacharts_dachart_dacharts_dachart
(04:51 PM) Daniel X: oh ok thats why we have mathcing #s
(04:52 PM) johnl96: he teaches something called LSS...long, sell, sell short or something
(04:52 PM) Daniel X: but now about your 10 min buy sell opening trade
(04:52 PM) TheBigD: OK Daniel, I get it...but it has nothing to do with smax and wouldn't have helped if you were trying to trade smax
(04:52 PM) Daniel X: yes it does TBO
(04:52 PM) Daniel X: Smax confirms the move
(04:53 PM) Daniel X: it has to
(04:53 PM) Daniel X: John pointed out something really interesting this am
(04:54 PM) TheBigD: but at the second breakout at 1:18 ESTsmax was short
(04:54 PM) Daniel X: yes and the entry was?
(04:55 PM) TheBigD: make it 1:09
(04:55 PM) nell6: Can someone please spare some time to explain the nuances of SMAX to me in a private room ??
(04:55 PM) TheBigD: 1462.50 at 12:57
(04:56 PM) scorp: did anyone follow smax today?
(04:56 PM) scorp: was there a point total?
(04:57 PM) TheBigD: smax didn't go long until 1466 at 1:18
(04:57 PM) Daniel X: long no dip buy
(04:57 PM) Daniel X: long dip buy
(04:57 PM) TheBigD: sorry?
(04:57 PM) Daniel X: after holding a breaking through the chop zone with support
(04:58 PM) Daniel X: after it came out of the 40 to 55 chop area there was no way i was going short
(04:58 PM) Daniel X: whae it held support
(04:59 PM) Daniel X: when
(04:59 PM) Daniel X: it bounced right off of 56 like mad
(05:00 PM) Daniel X: you see it?
(05:00 PM) Daniel X: i barely had a chance to get in
(05:01 PM) TheBigD: I will study this some more, unfortunately have to go now
(05:01 PM) Daniel X: kewl
(05:01 PM) Daniel X: now John
(05:01 PM) TheBigD: thanks for the insight :)
(05:02 PM) Daniel X: its just something to protect us going into lunch
(05:02 PM) johnl96: ok, I'm here Daniel
(05:02 PM) Daniel X: ok John
(05:02 PM) Daniel X: remeber what u said this am?
(05:02 PM) johnl96: yes
(05:02 PM) nell6: do you trade smax daniel x?
(05:02 PM) Daniel X: ok look at a 10 min chart or 1 5 min
(05:02 PM) Daniel X: yes Xmax
(05:02 PM) Daniel X: lol
(05:03 PM) johnl96: nell, can we get thru this globex thing first?
(05:03 PM) Daniel X: ok i use a 5 min
(05:03 PM) johnl96: k
(05:03 PM) nell6: sure
(05:03 PM) Daniel X: look at the the first 2 5 min high and low
(05:03 PM) Daniel X: bars
(05:03 PM) johnl96: k
(05:04 PM) Daniel X: if you buy or sell the second bar which is youe 10 min price
(05:04 PM) Daniel X: what happens?
(05:04 PM) johnl96: thanks nell, sorry, didn't mean to sound rude
(05:04 PM) nell6: its okay i am watching this too
(05:05 PM) johnl96: well, looks to me, today at least, if you shorted the low of the 2nd bar you had a nice ride down
(05:05 PM) Daniel X: every time you buy/sell the 10 min high low what happens?
(05:06 PM) Daniel X: look back over a few days
(05:06 PM) Daniel X: please
(05:06 PM) Daniel X: u need to
(05:06 PM) johnl96: do I need to be looking at the globex for something?
(05:07 PM) nell6: every 10min or just the mornings?
(05:07 PM) nell6: i.e the first
(05:08 PM) johnl96: ok, howza bout monday?
(05:09 PM) johnl96: oh, wait, are you talking about that being a range? Buy above it, short below it?
(05:09 PM) johnl96: where'd he go?
(05:09 PM) mr_toad: anybody seen Thoff here today?
(05:10 PM) johnl96: yeah, for a little while
(05:10 PM) Daniel X: yes
(05:10 PM) johnl96: yes to me?
(05:10 PM) Daniel X: sorry bout that
(05:10 PM) mr_toad: ok...will check in tomorrow to see if his here
(05:10 PM) nell6: on tuesday you get stopped out
(05:10 PM) Daniel X: yes the trade is sell/buy the range breakout ...
(05:11 PM) johnl96: ok, so it really doesn't have anything to do with globex
(05:11 PM) Daniel X: but don't forget it has to be on the way to the gap fill
(05:11 PM) nell6: on monday depending on your stop you may get a very good ride down
(05:11 PM) Daniel X: not counter
(05:11 PM) johnl96: to what?
(05:12 PM) Daniel X: its a gap trade
(05:12 PM) Daniel X: don't go against the gap on that trade
(05:12 PM) johnl96: so you wouldn't have bought the top on monday because you're thinking it's just looking to fill the gap?
(05:13 PM) Daniel X: exactly
(05:13 PM) Daniel X: you got
(05:13 PM) Daniel X: it
(05:14 PM) nell6: how about today ?
(05:14 PM) Daniel X: i would not have noticed it on the 10 min if you hadn't mentioned it...i mostly use the 5 min
(05:14 PM) johnl96: ok, so on Monday you put a sell stop just below the range and they went out and played 18 holes and covered at close?
(05:14 PM) Daniel X: lol
(05:15 PM) Daniel X: Monday i shorted 22 covered 11
(05:15 PM) Daniel X: on the swing
(05:16 PM) Daniel X: went to 5 but hey i wanted the bottom
(05:16 PM) Daniel X: so resold and was pissed too!!
(05:17 PM) johnl96: ok, got it
(05:17 PM) johnl96: nell asked about today
(05:17 PM) johnl96: i'm guessing when it filled the gap and kept going down something else kicked in
(05:17 PM) Daniel X: if you look over the last week it was the same trade every am
(05:17 PM) Daniel X: yes
(05:18 PM) johnl96: not today
(05:18 PM) Daniel X: i cover at the gap fill usually
(05:18 PM) Daniel X: and see if i can hold if we're at a critical #
(05:19 PM) Daniel X: what not today?
(05:19 PM) Daniel X: John?
(05:19 PM) johnl96: today it went down, filled the gap and kept going
(05:20 PM) johnl96: doew
(05:20 PM) johnl96: down
(05:20 PM) nell6: so the nq gaps down...
(05:20 PM) nell6: you then short the break of the first 10min bar ?
(05:21 PM) Daniel X: yes i cut 1/2 at he gap fill and the rest just above the 40 target
(05:21 PM) blurr123: hello
(05:22 PM) blurr123: how many points did smax get today?
(05:22 PM) Daniel X: Nell you have to short or go long in the direction of the gap fill
(05:22 PM) Daniel X: off that 10 min bar
(05:22 PM) Daniel X: never against ti
(05:22 PM) nell6: I am lost then
(05:22 PM) Daniel X: it
(05:23 PM) Daniel X: y?
(05:23 PM) johnl96: me too
(05:23 PM) nell6: as to why you went short on monday 02/4
(05:23 PM) Daniel X: ok look i'll expalin
(05:23 PM) Daniel X: i went short on monday because we gapped up
(05:23 PM) johnl96: are you saying the fact that the 10 min bar being down bar has something to do with it?
(05:24 PM) Daniel X: we usually fill the gaps right?
(05:24 PM) Daniel X: no no just the fact that gap get filled
(05:24 PM) nell6: on my chart of the NQ we gapped down
(05:24 PM) johnl96: monday gapped down
(05:25 PM) Daniel X: yes and the entry long was?
(05:25 PM) johnl96: above friday's close?
(05:26 PM) johnl96: which was never hit
(05:26 PM) Daniel X: no the entry on your 10 min is 28.50 lomg right to fill the gap
(05:26 PM) Daniel X: u cut the trade at the gap fill
(05:26 PM) Daniel X: but
(05:27 PM) Daniel X: u get a few points
(05:27 PM) Daniel X: and it never takes out fridays low
(05:27 PM) Daniel X: sso i sell the bottom of the 10 min range
(05:28 PM) johnl96: you're looking at the nq, right?
(05:28 PM) Daniel X: lol yes
(05:28 PM) nell6: but it didn't go up on monday
(05:28 PM) nell6: it went all the way down
(05:28 PM) Daniel X: its a gap scalp trade
(05:28 PM) Daniel X: fill gap only
(05:29 PM) johnl96: friday's close was 1534.50
(05:29 PM) johnl96: it never got there
(05:29 PM) johnl96: monday's high was 1532.50
(05:30 PM) Daniel X: fridays low on that last 5 min bar was 28
(05:30 PM) Daniel X: sorry 32
(05:31 PM) johnl96: oh, that gap
(05:31 PM) Daniel X: cut the trade
(05:31 PM) Daniel X: yse
(05:31 PM) nell6: now i see it . so is it the break of the first 5 min or 10 min?
(05:31 PM) Daniel X: 10 min
(05:31 PM) pete77_1: Dan I have been watching, appreciate the advice. What sort of stop do you use for this opening trade?
(05:31 PM) Daniel X: 5 point always
(05:32 PM) Daniel X: initial every trade
(05:32 PM) Daniel X: timing is crucial
(05:33 PM) johnl96: ok, so now I'm up $100 and I'm not finished with my first cup of coffee yet
(05:33 PM) Daniel X: u gotta know the suport res 3s on open ....lol
(05:33 PM) Daniel X: olol
(05:33 PM) johnl96: now what?
(05:33 PM) Daniel X: lol
(05:33 PM) Daniel X: ok so it cannot take fridays close out
(05:34 PM) Daniel X: whaich on Mnday 32 to 35 was a resistance 3
(05:34 PM) Daniel X: #
(05:34 PM) Daniel X: i'm a seller of the 10 min low
(05:35 PM) Daniel X: 22
(05:35 PM) johnl96: the first time? or the second time?
(05:36 PM) Daniel X: well no fill on the 1rst time right?
(05:36 PM) Daniel X: you're filled at 21.50 and bounces to 25 and my order goes in
(05:37 PM) Daniel X: sorry you not filled on the first timeat 21.50 bounces them my order goes in
(05:38 PM) Daniel X: i forgot to put the "not" in
(05:39 PM) Daniel X: we could not even take out or stay above the opening range low
(05:39 PM) Daniel X: i put the 21.50 in on the failure
(05:40 PM) Daniel X: and got positive fill
(05:40 PM) Daniel X: 22
(05:41 PM) Daniel X: ok kewl?
(05:41 PM) johnl96: I think I have it
(05:41 PM) Daniel X: hope so
(05:41 PM) nell6: yes i think i got it
(05:41 PM) Daniel X: try it on paper for a little till you do
(05:41 PM) nell6: i like the little twist
(05:42 PM) Daniel X: or back test it
(05:42 PM) Daniel X: lol
(05:42 PM) Daniel X: i said to myself....there has to be a way to trdae the gap fills without fear
(05:42 PM) nell6: is this it
(05:43 PM) Daniel X: and i cannot find anything easier...yet!
(05:43 PM) Daniel X: it helps when you know the key #s
(05:44 PM) johnl96: I imagine it would
(05:45 PM) nell6: so what are the key numbers
(05:45 PM) Daniel X: lol
(05:45 PM) johnl96: knew that was coming
(05:46 PM) nell6: lol
(05:46 PM) Daniel X: they're #s that the market trades around the previous day
(05:46 PM) nell6: S/R ?
(05:46 PM) johnl96: when you talk r3 and stuff, you're talking standard pivot point stuff right?
(05:46 PM) Daniel X: res/sup trouble areas
(05:46 PM) Daniel X: yes
(05:46 PM) Daniel X: sorta
(05:46 PM) Daniel X: but not quite
(05:46 PM) johnl96: I don't want to hear "sorta"
(05:47 PM) Daniel X: they are simple the previuos days trade around #s
(05:47 PM) johnl96: ok you got the numbers for tomorrow yet?
(05:47 PM) Daniel X: u know what i mean?
(05:47 PM) Daniel X: no i'll let you know in the am
(05:48 PM) johnl96: wait, it's giving me today's numbers
(05:48 PM) Daniel X: it failed
(05:48 PM) johnl96: here's what I got...
(05:48 PM) Daniel X: so down we went and the news helped it
(05:49 PM) Daniel X: today it was 65/75
(05:49 PM) johnl96: I'll count down from r3
(05:49 PM) Daniel X: ok
(05:49 PM) johnl96: 1534,1517.50,1589.50,1473(decision pt),1445,1428.50 and 1412
(05:50 PM) Daniel X: 40 50 63
(05:50 PM) Daniel X: i'll take note and compare in the morn with the ones i get
(05:51 PM) johnl96: whaddya mean sorta? those aren't even close!!
(05:51 PM) Daniel X: no i just made a fast call based on wherewe stalled and failed today
(05:52 PM) johnl96: oh, those are tomorrow's numbers?
(05:52 PM) Daniel X: yes
(05:52 PM) johnl96: yours?
(05:52 PM) Daniel X: and so r yours
(05:52 PM) johnl96: oh, mine were today's
(05:53 PM) Daniel X: theyr basd on l+h+cl /3?
(05:53 PM) johnl96: right
(05:53 PM) Daniel X: right?
(05:53 PM) johnl96: right
(05:53 PM) Daniel X: ok so they r tommorrows automatically
(05:54 PM) johnl96: ensign does it for me, I haven't actually checked to see if they're right or now
(05:54 PM) Daniel X: i wrote them down we'll compare in the am
(05:54 PM) johnl96: no, it doesn't do tomorrow's until today is yesterday
(05:55 PM) nell6: great!!!!
(05:55 PM) Daniel X: won't change much
(05:55 PM) johnl96: ok, my head's about to explode, thanks for everything Daniel
(05:55 PM) Daniel X: lol ok kewl
(05:56 PM) Daniel X: nell you ok?
(05:56 PM) nell6: thanks daniel , john , all
(05:56 PM) Daniel X: can i go eat supper now?
(05:56 PM) Daniel X: thnx
(05:56 PM) Daniel X: lol
(05:57 PM) Daniel X: good evening everyone
(05:57 PM) nell6: yeah thanks :)
(05:57 PM) Daniel X: c ya
(05:57 PM) laniermasters: anybody notice nq dropped 30 pts since high at 4:46?
(05:59 PM) p_8: y, csco up ramp and then clunked really hard
(05:59 PM) p_8: nq followed
(06:00 PM) laniermasters: thanks - I don't have afterhours for stocks.
(06:01 PM) p_8: y, i hardly do that myself, but tempted to see how csco react to the earning news
(06:01 PM) raz_62: hey lanier
(06:02 PM) raz_62: where is it now
(06:02 PM) raz_62: i said 13 earlier
(06:03 PM) raz_62: test am i online
(06:03 PM) laniermasters: 1431.5
(06:03 PM) laniermasters: hi, raz.
(06:04 PM) raz_62: hi
(06:04 PM) laniermasters: what are those funny channels on your charts?
(06:05 PM) laniermasters: (4:46 high was 1464.)
(06:05 PM) raz_62: period channels
(06:05 PM) raz_62: donchian channels
(06:05 PM) laniermasters: you trade them?
(06:05 PM) raz_62: adjustable
(06:05 PM) raz_62: sometimes
(06:06 PM) raz_62: did this am
(06:06 PM) raz_62: wish i had yesterday
(06:06 PM) laniermasters: It doesn't look like have them on TS.
(06:06 PM) raz_62: was choppy today
(06:06 PM) raz_62: should have some type
(06:06 PM) raz_62: hi lo channel
(06:07 PM) laniermasters: I wish I'd made a chimp cross trade after market closed this afternoon.
(06:07 PM) laniermasters: chicken to trade after hours - a lot of the rest of the time, too.
(06:08 PM) raz_62: me too