02/08/02 chat transcript of e-mini traders anonymous

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.
johnl96: thanks
(09:32 AM) ppusa: let's go up
(09:33 AM) Daniel X: YES lets so i can get a better short on the wayto the gap
(09:34 AM) johnl96: ADD took out yesterday's high already
(09:34 AM) ppusa: which gap? am gap?
(09:34 AM) Daniel X: openning gap
(09:35 AM) Daniel X: down to 15 area
(09:35 AM) Daniel X: fail at 33
(09:35 AM) ppusa: 40 big resis
(09:35 AM) ppusa: through that and long?
(09:35 AM) Daniel X: waiting for a possible fail @ 33
(09:35 AM) ppusa: for now biased up
(09:36 AM) ppusa: that it?
(09:36 AM) ppusa: nope
(09:37 AM) ppusa: may keep going as gartley is close to or completed
(09:37 AM) Daniel X: k
(09:38 AM) ppusa: sh
(09:39 AM) Daniel X: ;-)
(09:39 AM) jean2: DanX is making me a believer
(09:40 AM) ppusa: ort
(09:40 AM) Daniel X: 19 support
(09:40 AM) Daniel X: watch bounce
(09:41 AM) Daniel X: hoping at least 15
(09:41 AM) johnl96: figured you'd be looking for 17 or so Daniel
(09:41 AM) johnl96: never mind
(09:41 AM) Daniel X: 19 support
(09:41 AM) jean2: 19 Globex low
(09:41 AM) ppusa: covered
(09:42 AM) Daniel X: 15 to 19 anywhere is good
(09:42 AM) Daniel X: and da bounce
(09:43 AM) Daniel X: will fall back if opening range acts as ceiling
(09:43 AM) google_2: morning
(09:43 AM) jean2: I'm wrong on the 19 Globex low - it was 11?
(09:44 AM) google_2: 11 globex low
(09:45 AM) Daniel X: 31.50 open range high should make it move up
(09:45 AM) Daniel X: and it's failing so far
(09:46 AM) google_2: hi dan
(09:46 AM) Daniel X: hey gm
(09:48 AM) Daniel X: so we the cieling at the opening range high as metioned so lets see if we chop a bit
(09:48 AM) Daniel X: anyone have any ideas?
(09:49 AM) ppusa: yea
(09:49 AM) google_2: take a look at nq 15 min charts
(09:49 AM) ppusa: what are yo looking for
(09:49 AM) google_2: we have a new channel
(09:49 AM) ppusa: i am long q's
(09:49 AM) ppusa: forever
(09:49 AM) google_2: last 3 pushes down
(09:49 AM) Daniel X: 33 it the key area
(09:49 AM) google_2: including yesterdays's close
(09:49 AM) Daniel X: *is
(09:50 AM) Daniel X: i hate these news spikes
(09:50 AM) ppusa: saw that google
(09:51 AM) Daniel X: iliquid market locals tried to short and covered quick
(09:52 AM) Daniel X: please don't choppppllllzzzz
(09:52 AM) google_2: didn't break last trend from yesterday's last upswing
(09:52 AM) ppusa: am is going to be tough
(09:53 AM) Daniel X: any one else felt it would chop?
(09:53 AM) johnl96: ADD is at it high for the month
(09:53 AM) ppusa: yes
(09:53 AM) johnl96: believe it or not
(09:53 AM) Daniel X: i shouldn't felt...
(09:53 AM) Daniel X: lol
(09:53 AM) Daniel X: *saw
(09:53 AM) ppusa: lots of support in this area...beem buyers all week
(09:54 AM) google_2: s26
(09:54 AM) ppusa: forever's over ...out
(09:54 AM) Daniel X: yes i figured choppy trading from an aatempt to fill gap and res 31 to 33
(09:55 AM) Daniel X: between sup @19 to rs @33
(09:55 AM) ann_87: number at 10
(09:56 AM) ensign_1: as tp would remind--new hod in bonds
(09:56 AM) FrankT: ES looking more bullish than NQ
(09:56 AM) Daniel X: lol
(09:56 AM) Daniel X: but the bonds!!!
(09:57 AM) ppusa: i figured i would wait and see if this sold off....then if it turns up later buy....
(09:57 AM) Daniel X: i'll step aside 5 min post report
(09:57 AM) Daniel X: not that brave
(09:58 AM) ppusa: i have headache all ready from first short
(09:58 AM) Daniel X: PP ..last night i went over alot of stuff and tried to firgure out if we're putting in a floor or a ceiling near term
(09:59 AM) Daniel X: lol
(09:59 AM) Daniel X: safest to trade imo in direction of gap on the open
(09:59 AM) google_2: out 1 +3
(09:59 AM) mccmatthew: 1070 floor 1100 ceiling near term
(10:00 AM) Daniel X: thnx MC
(10:00 AM) Owen 1: Anybody in a position
(10:00 AM) Daniel X: yes im sitting down QWEN
(10:00 AM) Owen 1: You short from where
(10:00 AM) google_2: flat
(10:00 AM) Daniel X: under 33
(10:00 AM) johnl96: It's going to take a lot to make me bearish here
(10:01 AM) Owen 1: Flat
(10:01 AM) mccmatthew: flat
(10:01 AM) ppusa: i think very close to bottom and again hoping for a no brainer buy later in the day
(10:01 AM) Daniel X: stop at 38 now
(10:01 AM) Daniel X: 28
(10:01 AM) google_2: s23
(10:01 AM) ppusa: inbetween then and now who knows
(10:02 AM) Owen 1: Nice trade Danial
(10:02 AM) Daniel X: risky
(10:02 AM) Daniel X: but thnx
(10:03 AM) ppusa: bot q's again
(10:03 AM) Daniel X: no dont do that to me nowww
(10:03 AM) Daniel X: wait till i cover!
(10:03 AM) Owen 1: Short nq
(10:04 AM) ppusa: i think lower
(10:04 AM) ppusa: but holding q's
(10:04 AM) Daniel X: hoping gap fill
(10:04 AM) Owen 1: Stop even 26
(10:04 AM) Daniel X: losing pat
(10:04 AM) ppusa: wold like to see 1390 then turn
(10:04 AM) Daniel X: 1390! woah
(10:05 AM) google_2: flat
(10:05 AM) Owen 1: Out B/E
(10:05 AM) google_2: -2
(10:05 AM) Daniel X: out
(10:05 AM) Tom_B: lng
(10:05 AM) Owen 1: flat
(10:06 AM) ppusa: having fun?
(10:06 AM) Daniel X: sure
(10:06 AM) Tom_B: l 27
(10:06 AM) johnl96: long es
(10:06 AM) johnl96: this could be one of those sucker deals
(10:07 AM) ppusa: then again?
(10:07 AM) FrankT: ES at pivot resistance
(10:08 AM) ppusa: buy here?
(10:08 AM) Daniel X: ;-)
(10:08 AM) Owen 1: long nq 29
(10:08 AM) ppusa: take out high by a little or not?
(10:08 AM) FrankT: Looks like NQ bouncing between bb edges...
(10:08 AM) ppusa: or more
(10:09 AM) Tom_B: B/E stp
(10:09 AM) Daniel X: now yuo see em .now you don't
(10:09 AM) Tom_B: grrr
(10:09 AM) google_2: 10 more minutes
(10:09 AM) Daniel X: for?
(10:10 AM) google_2: resolution of pattern
(10:10 AM) Owen 1: Out 29 B/E
(10:10 AM) Daniel X: oh ok
(10:10 AM) dave_b_quik: trendvue has over 100 participants today. I guess It's a free observation day for anyone who requests a password.
(10:10 AM) Tom_B: :(
(10:10 AM) Daniel X: good owen ..imo take no chances
(10:11 AM) Daniel X: yes it is Dave
(10:11 AM) ppusa: hour chart doesn't look real bullish
(10:11 AM) Owen 1: I trade system no thinking do what it tells you and haven't had a losing week in 2 months
(10:12 AM) Owen 1: I wrote a Parabolic system
(10:12 AM) Daniel X: oh really...excellent!!!
(10:12 AM) dave_b_quik: that's great, owen!!!
(10:13 AM) Owen 1: As my wife says thinking always gets me in trouble
(10:13 AM) dave_b_quik: how do you handle chop?
(10:13 AM) Daniel X: not hat yo said that....they won't leave you alone!!!
(10:13 AM) Daniel X: now that
(10:13 AM) google_2: lol dan
(10:14 AM) Owen 1: System being parabolic usually breakseven during shop but will catch every trend
(10:14 AM) dave_b_quik: owen, if you're ready to post your system on the systems page at dacharts_dachart_dacharts_dachart.com, just holla
(10:15 AM) Daniel X: looking forward to it Owen
(10:15 AM) Owen 1: ONe sec I'll post last 2 month report
(10:15 AM) ppusa: long
(10:15 AM) Daniel X: ok
(10:15 AM) Daniel X: thnx
(10:15 AM) ppusa: tight stop
(10:15 AM) ppusa: stopped
(10:16 AM) google_2: s27
(10:16 AM) Daniel X: i admire youe cajones PP
(10:16 AM) Daniel X: your
(10:16 AM) Daniel X: watch the BB
(10:18 AM) ppusa: bb ping pong
(10:19 AM) google_2: out 1 +4
(10:19 AM) Daniel X: flat and stay till we break and stay below 20 and above 33
(10:19 AM) ppusa: if this is a bottom it ain't much of a spikey one
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(10:20 AM) google_2: potential vblock
(10:21 AM) Owen 1: Daniel I'll send you report can't having trouble posting
(10:22 AM) Daniel X: ok what type of file
(10:22 AM) Daniel X: can you send it in pdf?
(10:23 AM) Owen 1: You got to put me on buddy list. Tradestation or Excel
(10:23 AM) Owen 1: You got either one
(10:23 AM) ee_88: good morning
(10:23 AM) Daniel X: nope but send excel..i'll convert it
(10:24 AM) dave_b_quik: owen, send it to dave@dacharts_dachart_dacharts_dachart.com and I'll post it
(10:24 AM) Daniel X: thats a good idea
(10:24 AM) Owen 1: k
(10:26 AM) Owen 1: Just sent post daily and summary Dave.
(10:26 AM) dave_b_quik: great
(10:27 AM) Owen 1: Rough week only up 1860 per contract - 500 commissions
(10:27 AM) google_2: flat
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(10:31 AM) ppusa: what a mess
(10:32 AM) Tom_B: grrr
(10:32 AM) Tom_B: lng
(10:34 AM) Daniel X: just wait for a break out of the 20 to 35 range and let it hold as support or resistance..
(10:34 AM) Owen 1: Short 33
(10:34 AM) dave_b_quik: the owen parabolic stats are posted in today's folder
(10:34 AM) Daniel X: trade the higher probabilities if you can't take it...i'can't
(10:34 AM) Owen 1: thx
(10:35 AM) Daniel X: thanx Owen..Dave
(10:35 AM) ppusa: i like that final spike at the low
(10:35 AM) ppusa: other than this yuck
(10:35 AM) Tom_B: flat
(10:36 AM) Daniel X: keep in mind that the longer this little gap at 1415 stay unfilled the more bullish the session may become
(10:37 AM) ppusa: above ma's
(10:37 AM) Daniel X: locals controlling though..so far
(10:37 AM) ann_87: sox has higher low on 5 min going to hod now..
(10:37 AM) ann_87: ticks are 900
(10:37 AM) Daniel X: thnx Ann
(10:37 AM) ann_87: trins are low
(10:38 AM) ppusa: bb ping pong
(10:38 AM) jimmer49: pp playig bb pp?
(10:39 AM) ppusa: weewee
(10:39 AM) Owen 1: out 29 +4
(10:39 AM) Daniel X: where's our guitar player when we need him...
(10:40 AM) Daniel X: good ..damn good...will get a scalp account re opened
(10:40 AM) Owen 1: i pay 4.80 rt
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(10:40 AM) Daniel X: 6.50 best
(10:41 AM) Quan2: Owen, who's your broker
(10:41 AM) Daniel X: IB?
(10:41 AM) Owen 1: Average trade around 20 - 5 commision trades 20 times a day. Average about 300 a day
(10:41 AM) Owen 1: IB
(10:42 AM) Owen 1: One thing about scalpiing this system no large draw downs. I would switch methods if I ever had a 1000 draw down
(10:42 AM) Daniel X: huh i bet
(10:43 AM) ann_87: getting rule of 4 on the hourly?
(10:43 AM) ppusa: you were in here awhile ago not having much success. did you get it fixed?
(10:43 AM) Owen 1: Worst day -420.00
(10:44 AM) Owen 1: That was you big boy. Were the one that doesn't call his trades
(10:44 AM) Daniel X: diff systems for diif enviroments...like macd is supposed to be better in a bull market and others in a bear...never checked it out though
(10:44 AM) Tom_B: lng
(10:45 AM) jimmer49: I think macd good in any market
(10:45 AM) jimmer49: except intraday chop
(10:45 AM) Daniel X: me too
(10:45 AM) ann_87: ticks came back to 0 now at 400
(10:46 AM) jimmer49: adx on the floor
(10:46 AM) Daniel X: the only thing for chop is experience i guess
(10:47 AM) Tom_B: _1
(10:47 AM) Tom_B: -
(10:47 AM) Owen 1: OH you were the one that just points out million indicators but doesn't take a trade. That doesn't pay my bills. Your learning though that's good.
(10:48 AM) Daniel X: who me?
(10:48 AM) Tom_B: suspect best way to go is just be long & hold..but don't really know
(10:48 AM) Owen 1: no ppusa
(10:48 AM) Daniel X: oh ok
(10:48 AM) jimmer49: don't start
(10:48 AM) Owen 1: long 2850
(10:49 AM) Daniel X: lolol
(10:49 AM) Owen 1: 29 fill
(10:49 AM) Owen 1: Target 3350 stop 23.5
(10:50 AM) ann_87: is this the burnt down barn pattern?
(10:50 AM) Tom_B: burn $ pattern
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(10:50 AM) Tom_B: sry Ann, wat's that ?
(10:51 AM) Tickaholic: This is the Ronco Chopper Deluxe Pattern
(10:51 AM) ann_87: pp has a barn pattern..... it was a joke tomb
(10:51 AM) ann_87: tom b
(10:51 AM) Tom_B: k :)
(10:51 AM) Tom_B: like today's mkt.. :)
(10:51 AM) jimmer49: chinese fire drill pattern is what I see
(10:52 AM) Owen 1: B/E stop
(10:52 AM) ann_87: lol
(10:53 AM) Tom_B: Smax out 4 long breakfast or any trades ?
(10:53 AM) ann_87: inverted h and s? ?
(10:54 AM) pender: Where's Buffy today?
(10:54 AM) jimmer49: probably none Tom, although I'm not counting
(10:54 AM) Tom_B: tnx Jimmer
(10:54 AM) prakso: hello good morning all - was away for 5 days - had to take a little vacation at the Manzanillo Beach - now will see if I can hit the bricks -Ha - ha - have a good day you all
(10:55 AM) Owen 1: Daniel you got to put me onbuddy list
(10:55 AM) Daniel X: ok
(10:55 AM) Daniel X: done
(10:55 AM) p_8: tough day
(10:56 AM) p_8: squint-for-pattern day = stay-on-the-sideline day
(10:56 AM) Owen 1: out B/E
(10:56 AM) Owen 1: long again
(10:57 AM) Owen 1: out 34
(10:58 AM) Owen 1: Click Accept file Daniel
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(11:01 AM) Tom_B: lng
(11:02 AM) Owen 1: missed long signal at 28
(11:02 AM) Tom_B: Hail Mary Pass
(11:03 AM) Owen 1: short 37
(11:03 AM) Owen 1: 3650 fill
(11:03 AM) ppusa: breakout
(11:04 AM) Owen 1: stop 40.5
(11:04 AM) ppusa: is 40 stil the number to get through?
(11:04 AM) ann_87: ticks 650
(11:04 AM) ppusa: upside?
(11:04 AM) ppusa: is that good or bad?
(11:05 AM) ann_87: good usually .... but still trade set ups
(11:05 AM) Daniel X: where did u get in from Tom?
(11:05 AM) ann_87: sox tookout hod
(11:06 AM) Tom_B: not pretty 32.5
(11:06 AM) Daniel X: i got it Owen thnx will look over on weekend
(11:07 AM) Owen 1: Excel will open it. I trade the opposite of the signals when you see buy I sell vice versa
(11:07 AM) Daniel X: let 33 hold as support now
(11:07 AM) Tom_B: pbk then truth or consequences
(11:07 AM) Owen 1: Got to write code to reverse that
(11:07 AM) Daniel X: really..good..thnx
(11:08 AM) ppusa: i'm in buy mode for the time being....with high readings on stochastics but maybe they will skid
(11:08 AM) Owen 1: out 34 +2.5
(11:09 AM) ppusa: nice owen...if you can get a dime out of this stuff you're doing well
ppusa: usually type
(11:11 AM) Tom_B: Nature of volitilty is req less aggress stp strat
(11:11 AM) Tom_B: 4 me anyway
(11:11 AM) raz_62: whats going on here today
(11:12 AM) ppusa: nq is sitting on it's 11200 bar ma
(11:12 AM) ppusa: 1200
(11:12 AM) ppusa: right here right now
(11:12 AM) ppusa: that's a lot of bars
(11:12 AM) Tom_B: stp B/E
(11:13 AM) Tom_B: Broker Happy
(11:14 AM) Daniel X: brb have a fewnerrands to run
(11:17 AM) Owen 1: Short 32
(11:17 AM) Owen 1: Let's go tom kill this thing
(11:18 AM) Owen 1: Out 2850
(11:20 AM) Owen 1: Selling 33.5
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(11:22 AM) Owen 1: Short 33.5
(11:22 AM) Owen 1: Stop 39
(11:25 AM) Owen 1: out 27 +5.5
(11:25 AM) ppusa: shiort
(11:26 AM) ppusa: flat
(11:27 AM) ack_57: $ndx
(11:27 AM) Owen 1: Sven did you get the system setup
(11:28 AM) ann_87: es and dow has 3 humps
(11:28 AM) Sven_00: Still working on it
(11:28 AM) dave_b_quik: Buffy e-mailed her apoligies that she had to go to town again today, will be back this evening
(11:29 AM) dave_b_quik: apologies
(11:29 AM) Owen 1: You'll see that the signal on that last trade was to take profits at 28 but I got greedy and took 27 profit
(11:34 AM) Owen 1: Selling 2050
(11:36 AM) Owen 1: missed selling 20
(11:36 AM) Owen 1: short stop 25.5
(11:36 AM) ann_87: that 3 hump pattern was clearer in es and dow
(11:37 AM) ppusa: the 3 hump highs?
(11:38 AM) ann_87: yes
(11:38 AM) ann_87: on hte 3 min dow it is very clear
(11:39 AM) ann_87: pp can you see it?
(11:40 AM) Owen 1: Tom you still in
(11:40 AM) tomsurf: morning...was checking out T's room.
(11:40 AM) raz_62: me too
(11:40 AM) ppusa: yes ma'aan...was checking out dow and sp
(11:41 AM) raz_62: followed her in too many losers left
(11:41 AM) ann_87: that helped me to take the trade in nq
(11:41 AM) ann_87: just gave more confidence..
(11:41 AM) ppusa: you...? in a trade...?
(11:41 AM) tomsurf: I like T but can't hang in her room....she makes me nervous
(11:42 AM) Tom_B: IF you look at retrace frm yest hi to lo it set up real nice ..proj test of bot , poss...
(11:43 AM) ppusa: flag
(11:43 AM) FrankT: smax 20 pt rule
(11:43 AM) Owen 1: Out 23
(11:43 AM) Owen 1: -3
(11:44 AM) ppusa: quick scalp
(11:44 AM) ppusa: +3
(11:44 AM) ppusa: i show this as a return to trendline
(11:44 AM) ppusa: flag
(11:44 AM) Tom_B: shrt set up coming, imho
(11:45 AM) ppusa: i think
(11:45 AM) ppusa: crazy day though
(11:45 AM) prakso: tom - what does imho mean please ?
(11:45 AM) ppusa: wouldn't it be just like this to go straight up?
(11:46 AM) Tom_B: in my humble opinion
(11:46 AM) prakso: thks
(11:46 AM) prakso: thks
(11:46 AM) Tom_B: I'm showing a set up developng for a sell & poss test or new low
(11:46 AM) Tom_B: of this mve
(11:47 AM) Tom_B: of course, like pp said cud always do anyhting
(11:50 AM) ppusa: what i see is there was no move over a swing high this am....just sideways in a descending channel
(11:50 AM) ppusa: hence no breakout,,,owen had a good short
(11:51 AM) ppusa: 3 hump is a sideways move across a descending channel
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(11:52 AM) ppusa: very seldom have i seen a turnaround that starts early...yesterday died
(11:53 AM) ppusa: reason for chop this am i NOW realize was oversold condition that got worked off
(11:54 AM) ppusa: 1-2-3 flag complete?
(11:55 AM) Tom_B: 2 hmps
(11:55 AM) Owen 1: What are you trading Traendline, 1,2,3 Gully, Breakout, Decending Channel, Sideways? Just wondering. Getting a little confused by all the comments.
(11:56 AM) Owen 1: Like the comment jsut a little confused pp
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(12:01 PM) ppusa: owen PM me for explanation of whatever part you have question about
(12:02 PM) prakso: s21,5
(12:03 PM) raz_62: leg and arc
(12:03 PM) raz_62: 5min
(12:04 PM) raz_62: i miss google
(12:04 PM) ppusa: look for 3 humps down and stochastic buy divergence
(12:05 PM) ppusa: long on a break of a major swing
(12:06 PM) Casper-22: hi all
(12:07 PM) Tom_B: bk
(12:08 PM) raz_62: if this is an arc look for reverse at 12 or 5
(12:09 PM) ppusa: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-08/trendlines.jpg
(12:09 PM) Tom_B: raz I 'm looking 4 marginal new low also
(12:10 PM) Tom_B: I vote 4 the 5 :)
(12:10 PM) raz_62: kinda flattened out for an arc
(12:10 PM) tippet: looking for that 50% level on naz
(12:11 PM) ppusa: if you review the chart i posted you will see nq is at upper side of channel
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(12:11 PM) raz_62: the tl chart
(12:12 PM) ppusa: y
(12:12 PM) raz_62: you just want that 1390
(12:12 PM) ppusa: it looks so yummy but
(12:13 PM) dave_b_quik: tippet, your chart wasn't working 'cuz it had a "?" in the filename, i fixed it
(12:13 PM) raz_62: sure looks 3 humpy
(12:13 PM) raz_62: on 55t
(12:13 PM) ppusa: nice symmetrical decline
(12:13 PM) tippet: testing the lower wedge line now 60min nq
(12:15 PM) ann_87: 1405.50 would be equal legs
(12:16 PM) ppusa: you would have to believe this will take out the highs to buy here because the range is small Like a 180 turn
(12:16 PM) Owen 1: Short 12
(12:16 PM) Tom_B: pp that seel set up was one of those simple ind sells :)
(12:17 PM) ppusa: speak english
(12:17 PM) ppusa: flag was perfect
(12:17 PM) raz_62: i feel im missing the reversal
(12:17 PM) Tom_B: my sma hist W:4 pbks in an impulse wave
(12:18 PM) ppusa: raz i know the feeling but it has neverpaid off for me before
(12:18 PM) ppusa: banks in japan are in big big trouble
(12:18 PM) raz_62: not too strong
(12:18 PM) raz_62: just broke the tl up
(12:18 PM) raz_62: on this move
(12:18 PM) Tom_B: might hved a little retrace & 1 more push
(12:19 PM) ppusa: i think this is the high of this 15 min bar
(12:19 PM) raz_62: still above it
(12:19 PM) ppusa: i think a new low will have buy divergence
(12:20 PM) ppusa: raz did you look at my post?
(12:20 PM) ppusa: it says nq can go to lower side of channel
(12:20 PM) raz_62: yeper
(12:20 PM) Owen 1: out 09 +3
(12:21 PM) raz_62: is buffy here
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(12:21 PM) raz_62: dogi on 5
(12:21 PM) ppusa: buy scalp
(12:21 PM) Owen 1: Selling 12 again
(12:22 PM) raz_62: daniel why so quiet??
(12:23 PM) Tom_B: pp, cowboy
(12:23 PM) ppusa: yea i do not know why
(12:23 PM) ppusa: i don't know what i see
(12:23 PM) Tom_B: good spot to probe
(12:23 PM) raz_62: 2 diji on 5
(12:23 PM) ppusa: possible gartley
(12:23 PM) raz_62: doji's
(12:24 PM) tippet: 60min nq wedge currently holding
(12:24 PM) Owen 1: short 12
(12:24 PM) Owen 1: Stop 17.5
(12:24 PM) Tom_B: l 11.5
(12:24 PM) ppusa: i guess this is what i saw
(12:25 PM) raz_62: this is it
(12:25 PM) ppusa: wow what a cowboy
(12:25 PM) raz_62: broke the tl
(12:25 PM) raz_62: on 5min
(12:25 PM) ppusa: out
(12:25 PM) prakso: flat 11.5
(12:25 PM) Tom_B: To hold or not to hold... ??
(12:26 PM) ppusa: try it if good cost
(12:26 PM) prakso: flat 11.5 + 10
(12:26 PM) raz_62: 2buy or not 2buy
(12:26 PM) ppusa: 15 min chart looks good
(12:26 PM) ppusa: that's what i was looking at
(12:26 PM) raz_62: i said 5 is 7.5 close enuff
(12:26 PM) Tom_B: y
(12:27 PM) ann_87: nq on hourly has triple buy divergence
(12:27 PM) Tom_B: out...4 rotation
(12:27 PM) ann_87: but higher time frame
(12:27 PM) ann_87: so...
(12:28 PM) raz_62: if we got another big push down would make 3 pushes down on 5min
(12:28 PM) raz_62: looks possible
(12:29 PM) raz_62: 1 more push to 1400 and zoom?
(12:29 PM) ppusa: clueless
(12:29 PM) ppusa: but looks like a bottom
(12:29 PM) Tom_B: This lo might hold this is the key, imho
(12:29 PM) ppusa: i agree
(12:30 PM) ppusa: can always buy higher so don't get excited
(12:31 PM) Tom_B: simple ind says retr but others gertting ready for upmove
(12:31 PM) pender: Raz, where is your 1405.00 from?
(12:31 PM) Owen 1: out 12.5
(12:31 PM) Owen 1: -.5
(12:31 PM) raz_62: 162%
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(12:32 PM) raz_62: of first leg
(12:32 PM) raz_62: of leg and arc
(12:32 PM) pender: I show 1412 as 162% from 1425.50 high?
(12:33 PM) Tom_B: l 15
(12:33 PM) ppusa: 15 min chart has potential...resis here
(12:33 PM) raz_62: next 5min bar should go up slightly then fall i hope
(12:33 PM) Tom_B: HEY
(12:33 PM) ppusa: if this goes much higher i think it will go
(12:34 PM) ppusa: resis right here
(12:34 PM) ppusa: trendline i drew on that chart i posted
(12:34 PM) ppusa: kinda early to turn up
(12:35 PM) Tom_B: out
(12:35 PM) raz_62: just reading the pattern
(12:35 PM) raz_62: I HOPE
(12:35 PM) ppusa: yikes
(12:35 PM) raz_62: need to make a new high for this bar then down
(12:37 PM) Daniel X: anyone get a peice of that coming out of the chop zone under 20?
(12:37 PM) Tom_B: y
(12:37 PM) Daniel X: good
(12:37 PM) Daniel X: i waited a long time for that 1
(12:37 PM) raz_62: its got a piece of me today so far
(12:37 PM) Daniel X: nooo come on
(12:37 PM) Tom_B: trying to figure if this is THE spot to buy or wait for a bit of retrace...
(12:38 PM) Daniel X: Raz u serious?
(12:38 PM) raz_62: yep
(12:38 PM) Daniel X: sorry to hear that bud
(12:38 PM) raz_62: -3.5
(12:38 PM) Daniel X: oh ok
(12:38 PM) Daniel X: i wanted no trads till 33 and 20 range broke
(12:39 PM) pender: raz, recheck your fib #
(12:39 PM) ppusa: up more
(12:39 PM) Daniel X: sold 18.50 after the bounce
(12:39 PM) ppusa: yes
(12:39 PM) raz_62: now down to 1400
(12:39 PM) raz_62: come on
(12:39 PM) ppusa: r u short?
(12:39 PM) raz_62: no
(12:39 PM) Daniel X: 1410 was the days target but 1400 looks easy now doesn't it
(12:39 PM) ppusa: good i think
(12:39 PM) ppusa: LOD?????
(12:40 PM) Daniel X: yep 1410 was the days target PP
(12:40 PM) ppusa: right here is 20 bar ma
(12:40 PM) Tom_B: l 14.5
(12:40 PM) Daniel X: but who realy knoows
(12:40 PM) raz_62: still want the 3 humps to complete
(12:40 PM) raz_62: may let me down
(12:40 PM) ppusa: can always buy higher
(12:40 PM) Daniel X: true
(12:40 PM) Tom_B: out
(12:41 PM) ppusa: right here is still iffy
(12:41 PM) ppusa: but i did buy back q's
(12:41 PM) Daniel X: Tom now your out it'll go
(12:41 PM) raz_62: this bar is key
(12:41 PM) raz_62: i believe
(12:41 PM) Tom_B: +4 , LOL
(12:41 PM) Daniel X: 18/20previous support
(12:41 PM) Daniel X: lets see if res now
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(12:42 PM) Tom_B: Hit res
(12:42 PM) ppusa: above the 20 bar ma on 5
(12:42 PM) ppusa: or at it anyway
(12:42 PM) Daniel X: yep
(12:43 PM) Daniel X: Tom your suprising the hell out of me!!!what a huge difference in your trading!!!good going
(12:43 PM) Tom_B: Magic 8 Ball :)
(12:44 PM) Tom_B: Tnx
(12:44 PM) Daniel X: must be costing you a bundle in bananas
(12:44 PM) raz_62: could i borrow it
(12:44 PM) Daniel X: lol
(12:44 PM) Tom_B: Still can't figure Smax out..this is work :)
(12:44 PM) Daniel X: Chimp trading right?
(12:44 PM) Tom_B: no
(12:44 PM) Daniel X: oh ok
(12:44 PM) ppusa: downtrendline here
(12:44 PM) Tom_B: Too Complex
(12:45 PM) raz_62: we could complete 3 humps down right on time for 1 pm reversal :)
(12:45 PM) Daniel X: what is he or she one of them retired NASA chimps?
(12:45 PM) Tom_B: This shud be hi for rev, but wud like to see hmp
(12:46 PM) ppusa: that was a 10 point reversal
(12:47 PM) ppusa: biased up
(12:47 PM) ppusa: maybe later
(12:47 PM) ppusa: ?
(12:48 PM) Tom_B: shrt
(12:48 PM) FrankT: Retrace less than 40% pp
(12:48 PM) Tom_B: 2 pt risk
(12:49 PM) Daniel X: braks below 16 ..thats it
(12:49 PM) ppusa: top of trendline...maybe get a test at least
(12:49 PM) raz_62: we shoulda shorted
(12:49 PM) Daniel X: goood entry Tom
(12:49 PM) raz_62: and reversed at 1400
(12:49 PM) Daniel X: yes 18 res was the clue
(12:50 PM) Daniel X: don't look for a runner though..caution
(12:50 PM) Tom_B: y, prob only retrace
(12:51 PM) raz_62: i probably blew the whole pattern s16
(12:51 PM) Daniel X: i 'm thinking possibly 1400 but chop on th eway
(12:51 PM) FrankT: volume very low here
(12:51 PM) Daniel X: to it
(12:52 PM) Tom_B: grrr
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(12:52 PM) Tom_B: Still bullish...playing retr
(12:52 PM) Tom_B: out
(12:53 PM) Daniel X: out where?
(12:53 PM) Daniel X: market?
(12:53 PM) Tom_B: y
(12:53 PM) Tom_B: B/E
(12:53 PM) Daniel X: good trade still
(12:53 PM) Daniel X: ouch
(12:53 PM) Daniel X: lol
(12:54 PM) Tom_B: Y, xpected more of a retr...no vol bad sign...
(12:54 PM) Daniel X: yes
(12:54 PM) Tom_B: getting me more bullish
(12:55 PM) Tom_B: will just wait now
(12:55 PM) Daniel X: stochastic bullish
(12:55 PM) jimbo_320: sox under 50ema5 and 20ema right now
(12:55 PM) Daniel X: er...they closed the market..
(12:55 PM) Daniel X: looks like everyone heard you Tom
(12:56 PM) Daniel X: all w8ing
(12:56 PM) Tom_B: xcept the shrts with PATIENCE
(12:56 PM) jimbo_320: enjoy rest of day bbl
(12:57 PM) raz_62: come on 1400
(12:57 PM) raz_62: stop be
(12:57 PM) Owen 1: long 14
(12:57 PM) Owen 1: stop 10.5
(01:00 PM) Tom_B: might hve really dropped the ball on that last shrt ..
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(01:02 PM) Owen 1: out B/E
(01:02 PM) dragonfly_37: was lookimg like a downward linear regression..not sure now
(01:02 PM) Tom_B: lng
(01:02 PM) Tom_B: 14
(01:02 PM) raz_62: gonna stop me out and drop
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(01:04 PM) raz_62: my stops have a magnetic personality
(01:04 PM) Owen 1: LOL
(01:04 PM) dragonfly_37: lol
(01:05 PM) Tom_B: out
(01:05 PM) Tom_B: time 4 the butt kicking machine
(01:05 PM) Tom_B: GRRRRRRRR
(01:06 PM) Tom_B: lng
(01:06 PM) raz_62: thats the tl
(01:06 PM) raz_62: be careful
(01:07 PM) raz_62: out e
(01:07 PM) raz_62: crud
(01:07 PM) Owen 1: What are you taking your trades on Tom you seem to be on the same side as me alot. Not that that's good. You may want to take the opposite side
(01:07 PM) raz_62: coulda had my 3.5 points back
(01:07 PM) Tom_B: LOL..
(01:08 PM) Tom_B: I'll ck out ur stat's & let u know :)
(01:08 PM) Tom_B: This is scaring me..prob right way to go :))
(01:08 PM) Owen 1: You seem to have a set method which is the only way to trade.
(01:10 PM) Tom_B: Owen , wish it was MORE structured..I make a llot of DUMB mistakes..like dumping that last long evntho it didn't hit my stop & then buying in higher, that addes up :(
(01:10 PM) google_2: still your entries are good
(01:11 PM) Daniel X: yes they r
(01:11 PM) raz_62: where you come from
(01:11 PM) Tom_B: it's my exits...
(01:11 PM) Tom_B: gotta get the $
(01:11 PM) google_2: you trade 1 or 2?
(01:11 PM) Owen 1: I screwed up my system is still long from 15.5 with20.5 target and 10.5 stop. If I follow my system I know it's profitable day in and day out. But as you know emotions and greed get in the way
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(01:12 PM) Tom_B: 1 & sometimes add 1 aft 1st retr if i see trnd...like maybe today
(01:12 PM) Owen 1: I call it my
(01:13 PM) ppusa: smax buy?
(01:13 PM) google_2: yes 2 would be better
(01:13 PM) google_2: to let the 2nd 1 run
(01:13 PM) ppusa: to high in the bb
(01:13 PM) Owen 1: ROBOT and he gets mad at me if I don't let him trade like he wants to trade the system
(01:13 PM) Tom_B: got out ..
(01:13 PM) pender: Google, I bought that book you recomended, need a degree in advanced math to understand :-)
(01:14 PM) Tom_B: 100ema
(01:14 PM) Tom_B: 1min
(01:14 PM) google_2: read it more than once
(01:14 PM) raz_62: google was that a leg and arc on 5min
(01:14 PM) google_2: you'll find great secrets there
(01:14 PM) pender: for sure
(01:14 PM) ppusa: i can't imagine the guys coming back from lunch and not wanting to smack this one more time
(01:14 PM) google_2: raz yes
(01:15 PM) tomsurf: pender- mines on it's way ;-)
(01:15 PM) Tom_B: looks neg now
(01:15 PM) rich012: owen, I noticed your stop and target on your system were both 5 points from entry. Is the target and stop loss from entry usually about the same?
(01:15 PM) google_2: if anyone is interested I can go over the most important things in this book
(01:15 PM) raz_62: i was waiting to buy at 05 and missed it
(01:15 PM) Owen 1: I thiink I got longs at 5.5 and shorts at 5
(01:15 PM) google_2: things I know that work
(01:16 PM) tomsurf: googs that would be great
(01:16 PM) raz_62: me
(01:16 PM) raz_62: me
(01:16 PM) raz_62: me
(01:16 PM) MartyJ01: yes
(01:16 PM) google_2: excellent book
(01:16 PM) raz_62: not today please
(01:16 PM) tomsurf: maybe the chapters or page numbers that you feel are of significanse
(01:16 PM) Tom_B: Hw about post to dasite
(01:16 PM) Owen 1: You got TS I'll send you the system. A couple of guys in the room are helping me track it
(01:16 PM) raz_62: i have to go to florida tnight for a funeral
(01:16 PM) alan123: name of book?
(01:16 PM) Tom_B: outline or recommended items ?
(01:17 PM) pender: Google, I'll fly you to NH to interpret for me
(01:17 PM) google_2: ok
(01:17 PM) Tom_B: this chart looks like a watermellon seed being squeezed
(01:17 PM) ppusa: she is coming here first
(01:17 PM) google_2: whatever you decide on
(01:18 PM) pender: Maybe you should go on tour :-)
(01:18 PM) tomsurf: googs you in So. CA?
(01:18 PM) google_2: name of book
(01:18 PM) google_2: Fibonacci Applications and Strategies for Traders
(01:18 PM) google_2: Author: Robert Fischer
(01:19 PM) alan123: thank you
(01:19 PM) google_2: tom yes
(01:19 PM) dave_b_quik: google, a few of us talked about making a place for book reports at the website
(01:19 PM) Tom_B: long
(01:20 PM) google_2: dave sounds good
(01:20 PM) raz_62: google move before it falls off please
(01:20 PM) tomsurf: geez, I should do a daytrip and drive down sometime ;-)
(01:20 PM) Tom_B: out
(01:20 PM) ppusa: no trend again
(01:21 PM) raz_62: sure blew a chance for a great pattern
(01:21 PM) Owen 1: Long 15.5
(01:21 PM) Tom_B: u know it'sgonna MOVE
(01:21 PM) Owen 1: Stop 10.5
(01:21 PM) Daniel X: as long as it stya under res me no go long
(01:21 PM) Tom_B: shrt
(01:22 PM) raz_62: flat
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(01:22 PM) Owen 1: Opposite Tom you can't lose on this one
(01:22 PM) raz_62: :)
(01:23 PM) j-loc: hello
(01:23 PM) j-loc: yo dave man
(01:23 PM) j-loc: davo
(01:23 PM) j-loc: dave
(01:23 PM) dave_b_quik: me?
(01:24 PM) google_2: no shorts for me
(01:24 PM) Tom_B: i'm shrt & just threw quik $ 100 away
(01:24 PM) google_2: playing reversal pattern
(01:24 PM) Owen 1: out 19
(01:24 PM) raz_62: tri poke ar
(01:24 PM) Daniel X: good
(01:24 PM) Owen 1: +3.5
(01:24 PM) ppusa: i see a trendline waiting to be broken
(01:26 PM) Tom_B: shrt
(01:26 PM) Daniel X: hungry..bbl
(01:26 PM) Owen 1: Long 1450 again
(01:27 PM) Owen 1: Stop 10.5
(01:27 PM) ppusa: is this a short?
(01:27 PM) raz_62: if it drops quick could still make the 3 humps down
(01:29 PM) raz_62: faked that little tri break
(01:29 PM) ppusa: i short and out
(01:29 PM) ppusa: think it was a keeper
(01:29 PM) Tom_B: out
(01:29 PM) google_2: stop 1410
(01:30 PM) Tom_B: +5
(01:30 PM) Owen 1: Stopped 10.5
(01:30 PM) Tom_B: Btr wud be exit 1 swlow & tral 2nd
(01:30 PM) Owen 1: Nice trade tom
(01:31 PM) ppusa: google what is stop entry or exit?
(01:31 PM) scorp: yep
(01:32 PM) raz_62: prolly exit
(01:32 PM) google_2: pp
(01:32 PM) raz_62: she was playing the reversal
(01:32 PM) google_2: long entry @ 1422
(01:32 PM) Tom_B: Cheap suits r out time is getting ripe for upmove..if this is any good here...
(01:32 PM) google_2: if we break t hat
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(01:33 PM) raz_62: you werent long
(01:34 PM) Tom_B: LOL:
(01:34 PM) Tom_B: were u ?
(01:34 PM) raz_62: i should dye my hair blonde i'm so easily confused
(01:34 PM) ppusa: hey Tippet...breaking out of 60 minute wedge
(01:34 PM) Tom_B: gotta be flexible
(01:35 PM) tippet: not yet
(01:35 PM) ppusa: they gonna slam it
(01:35 PM) ppusa: downward
(01:35 PM) tippet: still in got poke earlier
(01:35 PM) raz_62: coulda done it when i wuz short
(01:35 PM) tippet: agreed this is going
(01:36 PM) tippet: NAZ 1744 come on down
(01:36 PM) ppusa: gimmie da hammer
(01:37 PM) Wiinky: Any opinions on Trade Station 6 and there brokerage services for e-mimis?
(01:37 PM) ppusa: bob barker here.....nasdaq composite from new york...come on down
(01:37 PM) dave_b_quik: kinda expensive
(01:37 PM) raz_62: earl says 1382 raz
(01:38 PM) tippet: mr softie doing a tightrope act
(01:38 PM) Wiinky: considering minimum activity to qualify for free TS6 usage
(01:39 PM) dave_b_quik: ya, i was thinking that might be worthwhile
(01:39 PM) Owen 1: short 11
(01:40 PM) Owen 1: stop 16.5
(01:42 PM) Owen 1: stop even
(01:42 PM) Owen 1: out B/E
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(01:43 PM) tippet: holding that wedge
(01:44 PM) ppusa: for now
(01:44 PM) ppusa: major buy divergence
(01:44 PM) ppusa: 5 min
(01:44 PM) ppusa: so maybe lower
(01:45 PM) Wiinky: $2 diff between IB and Them for e-mini . ($2 x 20 trades) = $40. So forty dollars per month for access to TS6.
(01:46 PM) Owen 1: Winky what's TS Commision ?
(01:46 PM) google_2: what's the return on capital you'll park there?
(01:46 PM) Wiinky: $5.95 emini
(01:46 PM) google_2: need to calculate that
(01:46 PM) dave_b_quik: i thot TS charged $6 each way?
(01:46 PM) Wiinky: $15 for stocks up to 5000 shares
(01:47 PM) Owen 1: Futures?
(01:47 PM) Wiinky: And I thought IB was $4 each way
(01:47 PM) dave_b_quik: IB charges $2.40 each way
(01:47 PM) Owen 1: Oh no I pay IB 4.80 rt
(01:47 PM) Wiinky: OH!
(01:47 PM) Tom_B: TS 5.95 RT ?
(01:48 PM) dave_b_quik: so with TS you pay $7.20 per RT for the charts and data
(01:48 PM) Wiinky: 5.95 one way
(01:48 PM) Tom_B: tnx
(01:48 PM) Wiinky: I was just checking ther site last night
(01:48 PM) Owen 1: I scalp about 100 a week so the diffrenceto me between 12 and 5 is about $700 a week.It adds up
(01:49 PM) Wiinky: So dif on twenty qualifying trades is $70
(01:49 PM) Owen 1: In 2 weeks that's my morgage payment
(01:50 PM) Owen 1: But I got TS. It's a good product to get you profitable
(01:50 PM) Tom_B: lng
(01:50 PM) Tom_B: 11
(01:51 PM) raz_62: 130.00
(01:51 PM) Owen 1: nice Tom
(01:51 PM) Tom_B: we'll see
(01:51 PM) google_2: sit on it
(01:51 PM) google_2: worth the risk
(01:52 PM) Owen 1: use a B/E stop and walk away come back in 20 minutes and it will be at 21
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(01:53 PM) google_2: agree
(01:54 PM) Tom_B: Of course clearing 20 wud be encouraging
(01:54 PM) google_2: that's the right shoulder
(01:54 PM) google_2: so it's decision time
(01:55 PM) ppusa: this cold go to 28 and still die
(01:56 PM) Owen 1: Winky I use esiganl and TS but I own TS. But I think I pay esignal 150 a month. But you got to have it. This is a business. Barry Bonds wouldn't use a toy bat.
(01:56 PM) google_2: broke hs
(01:56 PM) Owen 1: Go Tom
(01:56 PM) tomsurf: nice one working for ya Tom
(01:56 PM) google_2: nothing beats patterns
(01:57 PM) google_2: simplicity
(01:57 PM) raz_62: hit that prior little trend line
(01:57 PM) Tom_B: This to me is just shrt cvrng
(01:57 PM) ppusa: butterfly bottom
(01:57 PM) ppusa: W
(01:57 PM) Tom_B: wish i understood that sophisticated stuff
(01:58 PM) tomsurf: agree...they kept trying to push down a gave up for a rest maybe...we'll see
(01:58 PM) Tom_B: prob now to hold or fold
(01:58 PM) tomsurf: still in range
(01:59 PM) ppusa: yep...more bb pong
(01:59 PM) Owen 1: You don't need to. Simplicity is the key. The more c rap in your head the worse. Draw a trendline. the key is to trade one method not 10
(01:59 PM) Wiinky: Owen I used ensign for several months and was still confused. I hope TS6 is "easie".r
(01:59 PM) google_2: well said owen
(02:00 PM) raz_62: thought owen traded the bollinger band method
(02:00 PM) tomsurf: Owen- speaking as someone that's had alot of crap in my head I agree, LOL
(02:00 PM) tomsurf: keep it simple
(02:02 PM) raz_62: zzzzzZZZZZzzzzzz
(02:02 PM) Tom_B: need to get thru here vry soon
(02:03 PM) ppusa: raz push your mic button one time
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(02:06 PM) ppusa: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-08/trendline.jpg
(02:06 PM) Owen 1: long 19
(02:07 PM) ppusa: dow has done a uturn
(02:07 PM) ppusa: sp too
(02:07 PM) ppusa: nas is lagging
(02:08 PM) raz_62: 3rd touch
(02:08 PM) raz_62: do we need 4
(02:09 PM) Tom_B: least it can do is get the SWH's
(02:10 PM) ppusa: just short of an outside up bar
(02:10 PM) ppusa: hour chart
(02:11 PM) raz_62: are they gonna fake a break and dump it
(02:12 PM) ppusa: thinking that they might
(02:12 PM) tomsurf: good one Tom
(02:12 PM) Tom_B: tx
(02:13 PM) ppusa: i see no bigger picture evidence yet of a strong up
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(02:13 PM) Tom_B: shrt
(02:13 PM) Tom_B: 15..vry late
(02:15 PM) pender: possible 3 humps, 1 minute chart
(02:15 PM) Tom_B: out
(02:16 PM) Tom_B: lng
(02:16 PM) Tom_B: got faked
(02:16 PM) ppusa: do we have a rule of 5?
(02:17 PM) raz_62: how bout 7
(02:17 PM) tomsurf: Tom B, may want to take 2 deep breaths between trades, lol
(02:18 PM) Tom_B: shrt...I'm a spas
(02:19 PM) Tom_B: need a structured sys...otherwise i'm a nut
(02:20 PM) Tom_B: if i took out the flip flops...i''d do real well, but...
(02:20 PM) ppusa: today is hard because trend is flat
(02:21 PM) Tom_B: hvenot been able to specifically structure it...
(02:21 PM) raz_62: been some good shorts off that tl
(02:21 PM) ppusa: this is a return to the broken trendline
(02:21 PM) tippet: need coookies
(02:21 PM) tomsurf: either bb ping pong or wait to get outta this range
(02:21 PM) raz_62: but we didnt have the tl till the first short huh
(02:23 PM) tomsurf: market looks like it's wearing out shorts and longs
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(02:23 PM) ppusa: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-08/trendline.jpg
(02:24 PM) raz_62: i would sure like 5 points
(02:24 PM) raz_62: hate to lose
(02:25 PM) ppusa: end of day might be very profitable
(02:25 PM) Tom_B: 4 the locals ??
(02:26 PM) Tom_B: agree if we can stay here
(02:26 PM) Tom_B: time issue
(02:26 PM) raz_62: wish i cud be here
(02:26 PM) Tom_B: or bk ofcourse
(02:26 PM) Daniel X: idi i miss much?
(02:26 PM) Daniel X: did
(02:26 PM) raz_62: 4 ticks
(02:27 PM) raz_62: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-08/trend%20line582.jpg
(02:28 PM) blurr123: futs downtred
(02:29 PM) Daniel X: well i guess i'm gonna call it a week and 'll be back Monday am...have a nice weekend everyone
(02:29 PM) tippet: SOX lower trendline of triangle
(02:29 PM) tomsurf: you too Daniel
(02:29 PM) Tom_B: Dan...miss all the trauma ?
(02:29 PM) Daniel X: lol c ya
(02:29 PM) blurr123: hows the smax doing today?
(02:29 PM) nell6: anybody make good coinage today???
(02:29 PM) Tom_B: Bye
(02:30 PM) nell6: i have been out all day
(02:31 PM) tomsurf: 2 IB's on 4min
(02:32 PM) raz_62: whats an lb
(02:32 PM) tomsurf: inside bar
(02:32 PM) Tom_B: pound of bologna
(02:32 PM) raz_62: duh
(02:33 PM) raz_62: wish i knew when it was gonnna chop
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(02:34 PM) Tom_B: Still hldng shrt here...
(02:34 PM) raz_62: 6 beautiful trades off my channel since 1230
(02:36 PM) raz_62: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-08/channels583.jpg
(02:36 PM) Tom_B: raz..saw ur gann chnls..maybe you'd do a talk on them sometime...
(02:36 PM) raz_62: actually i changed it was bettter before
(02:37 PM) raz_62: he he
(02:37 PM) Tom_B: grr stpd
(02:37 PM) raz_62: better let me learn them first
(02:38 PM) raz_62: L16.5
(02:40 PM) ppusa: yea baby
(02:41 PM) raz_62: out even
(02:41 PM) raz_62: crud
(02:41 PM) ppusa: if this gets above 20 it should have at least a little follow through and hopefully more
(02:42 PM) tippet: 20ema15 now right at 20
(02:42 PM) ppusa: good consolidation here prior to break
(02:42 PM) raz_62: now it will go
(02:42 PM) nell6: up or down ppusa
(02:42 PM) raz_62: against the law to go with me onboard
(02:43 PM) ppusa: only guesses here nell
(02:43 PM) ppusa: not hard to guess up
(02:43 PM) ppusa: has a nice sgelf now to spring from
(02:43 PM) ppusa: shelf
(02:43 PM) ppusa: before this there was no consolidation
(02:44 PM) raz_62: crap
(02:44 PM) raz_62: for once
(02:44 PM) ppusa: now will it stick?
(02:44 PM) ppusa: shoot raz
(02:44 PM) raz_62: gotta go cyall next week
(02:44 PM) Tom_B: bye
(02:46 PM) Owlee123: has anyone used fib clusters?
(02:47 PM) tippet: test upper wedge line
(02:48 PM) ppusa: sold excess q's
(02:48 PM) rich012: owlee, on what timeframes?
(02:48 PM) ppusa: sat through that whole mess
(02:49 PM) Owlee123: intraday 1, 3, 5 min
(02:49 PM) FrankT: Nice smax trade
(02:50 PM) rich012: I use fibs but not really clusters.
(02:51 PM) Owlee123: saw something about a fib cluster software that 'more accurately' figures them out- just wondering if it was worth the $
(02:51 PM) ppusa: obot?
(02:52 PM) tippet: 20ema 30 and wedge line resis
(02:53 PM) ppusa: still no compelling evidence to suggest big up
(02:53 PM) ppusa: also 10 point PnF obot
(02:53 PM) ppusa: needs at least sideways before higher
(02:53 PM) prakso: tippet - what is a wedge line ??
(02:54 PM) tippet: check charts there is one from this am 60min
(02:55 PM) rich012: owlee, what is the software?
(02:55 PM) tippet: falling wedge - a potentially bullish pattern
(02:56 PM) ppusa: notice the late day surge
(02:56 PM) tippet: going for poke
(02:57 PM) Owlee123: rich, fear-greeds' fib cluster
(02:57 PM) ppusa: i need to borrow 30,000 dollars?
(02:58 PM) ppusa: does anyone know the symbol etrade uses for the qqq's
(02:58 PM) dave_b_quik: QQQ i think
(03:00 PM) tippet: wooowoo
(03:00 PM) ppusa: HOD coming up
(03:02 PM) rich012: owlee, find there website..will check it out.
(03:02 PM) ann_87: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-08/Ann%20nq%20.jpg
(03:04 PM) Owlee123: Rich- http://www.feargreed.com/ndx.jpg shows jpg. go to the root for the details
(03:04 PM) dave_b_quik: ya, ann, 4th testt of that big trendline
(03:04 PM) dave_b_quik: so is that rule of 4?
(03:05 PM) ann_87: ? not sure
(03:05 PM) ann_87: on htat dave
(03:05 PM) ann_87: but a nice buy div on 15 and 30 and hourly
(03:06 PM) ann_87: we broke out earlier of that wegde thing and now just noticing what up against
(03:06 PM) ppusa: bringing home da bacon
(03:06 PM) ann_87: good boy pp...
(03:07 PM) dave_b_quik: is yr qqq data working yet, pp?
(03:07 PM) ppusa: obotish
(03:07 PM) ppusa: no
(03:07 PM) dave_b_quik: :=(
(03:07 PM) ppusa: no big a quick phone call
(03:08 PM) rich012: owlee, I have never looked at fib clusters before. I wouldn't want to buy some software that does a nice job of giving worthless info to me.
(03:08 PM) ann_87: 25.50 support?
(03:09 PM) ann_87: nq and es confirmed upmove
(03:09 PM) tippet: howd t&v do on the move ann
(03:11 PM) ppusa: i am sitting long on a truck load of q's looking for 1630 followed by 3 humps
(03:11 PM) ppusa: i sold the trailer
(03:12 PM) ann_87: t getting stopped out
(03:12 PM) ann_87: and v is looking to still get in
(03:13 PM) nell6: ann what is t&v
(03:13 PM) ann_87: teressa and victoria
(03:13 PM) tomsurf: ann- they drove me nuts this AM
(03:13 PM) tippet: 24.5 38% of move
(03:13 PM) ann_87: ok back to trading
(03:14 PM) ppusa: everyone out?
(03:14 PM) jimbo_320: good afternoon everyone
(03:14 PM) prakso: 1s29.5
(03:18 PM) Tom_B: cud get to 40 ish area assuming shrts do a bit of cvrng
(03:20 PM) pete77_1: Res from 45 min MA?
(03:21 PM) Tom_B: just a non qual opinion
(03:21 PM) tippet: 20ema60 here
(03:22 PM) ppusa: shoot i want my trailer back
(03:22 PM) ann_87: dave maybe was like a rule of 4
(03:22 PM) raz_62: dang my barrel need cleaning
(03:23 PM) google_2: reached upper channel
(03:25 PM) ppusa: whaddya think hold or fold?
(03:25 PM) Tom_B: guess there's more ?
(03:25 PM) google_2: holding
(03:25 PM) google_2: for few days
(03:26 PM) nell6: where can i find information on what t&v is ann ??
(03:26 PM) ppusa: out of all excess
(03:26 PM) raz_62: tereasa and victoria
(03:26 PM) FrankT: Another nice smax entry around 1431
(03:26 PM) google_2: this time 1 car though
(03:26 PM) google_2: check 15 min
(03:27 PM) google_2: that should provide guidance
(03:27 PM) Tom_B: This is res...to me anyway
(03:27 PM) dave_b_quik: nell, T&V are Teresa and Victoria, hosts of TrendvueLive (see www.trendvue.com)
(03:27 PM) google_2: 1445 is 127 fib
(03:27 PM) ann_87: oh sorry nell
(03:27 PM) ann_87: just saw your post
(03:28 PM) rich012: T and V are class acts....just compare the attendence in their rooms to gully and kingfish.
(03:29 PM) Rose0001: Hi everybody!. I think they finally fixed my cable. It was the line leading into the house.
(03:29 PM) rich012: And heck, kingfish is free half the time
(03:29 PM) Tom_B: HI ROSE
(03:29 PM) tomsurf: rich- yes, they are real traders for sure.
(03:29 PM) tomsurf: Rose- great news
(03:29 PM) nell6: okay so they make live calls ?
(03:30 PM) ann_87: fantastic rose
(03:30 PM) strad -: congrats on that Rose....a pain u don't need for sure
(03:30 PM) Rose0001: Thanks, Tome. What did I miss today?
(03:30 PM) Rose0001: Seems like real chop earlier today.
(03:30 PM) tomsurf: lotta chop and then a nice rally finally
(03:30 PM) Tom_B: Great day...at times but difficult , at least 4 me...
(03:30 PM) google_2: overdue
(03:31 PM) Rose0001: The last hour looks good.
(03:31 PM) tomsurf: googs, yes then beat at the downside forever it seemed
(03:31 PM) Tom_B: just eliminate the garbage in btywn & this wud be easy :)
(03:31 PM) google_2: basing is painful
(03:32 PM) raz_62: for some i made 13 rt's the last hour lost on all
(03:32 PM) google_2: rule of 4 on 15 min
(03:32 PM) google_2: no shorts
(03:33 PM) Tom_B: I need to get into longer TF's
(03:33 PM) ppusa: breaking the midpoint of the BB on my hour chart. getting out is one thing shorting is not for me
(03:33 PM) ann_87: ok
(03:33 PM) ppusa: yet
(03:34 PM) ppusa: 50 poiint PnF says higher but maybe pb now or monday?
(03:36 PM) ppusa: trend is uppullback
(03:36 PM) ppusa: this hour has died in this pattern everyday this week.
(03:37 PM) ppusa: 15 point PnF says sell??? anyone want to step up?
(03:37 PM) w_�Š�ŠS4: no way lol
(03:37 PM) raz_62: are we frozen
(03:37 PM) FrankT: NQ at pivot resistance
(03:38 PM) raz_62: my nq locked up
(03:38 PM) raz_62: my ib
(03:38 PM) raz_62: i mean
(03:38 PM) raz_62: gods mercy i guess
(03:39 PM) FrankT: Globex problem?
(03:39 PM) raz_62: stuck at 45.5
(03:39 PM) FrankT: Me 2
(03:39 PM) : 43.50
(03:39 PM) Tom_B: 43.5
(03:39 PM) Tom_B: 44
(03:39 PM) FrankT: Other exch ok
(03:40 PM) Tom_B: 43..5
(03:40 PM) Tom_B: 44
(03:40 PM) raz_62: my charts work
(03:40 PM) raz_62: ib down
(03:40 PM) ann_87: ib down??
(03:40 PM) raz_62: thanks
(03:40 PM) Tom_B: ESig ok
(03:40 PM) Rose0001: IB frozen at 45.5 here too.
(03:40 PM) Tom_B: 42.5
(03:41 PM) raz_62: i blew it up
(03:41 PM) Tom_B: Don't know how u IB traders deal with that..
(03:41 PM) Tom_B: 45
(03:41 PM) raz_62: first time in monthys
(03:41 PM) Tom_B: it was lst wk too
(03:42 PM) FrankT: Problem report from IB now
(03:42 PM) raz_62: slowed the action tremendously huh
(03:42 PM) raz_62: bet large percentage of traders use ib
(03:42 PM) ann_87: it says ib working on it
(03:43 PM) raz_62: and some of us hackers too
(03:43 PM) Tom_B: lol
(03:43 PM) �
�: always have backup account
(03:43 PM) ann_87: we deal with it
(03:44 PM) Tom_B: gotta hve bkup acct...
(03:44 PM) raz_62: about to close this one
(03:44 PM) raz_62: lack of funds
(03:44 PM) Tom_B: it's those few days whn Globex goes dwn & ur in a position, grrrr
(03:45 PM) Tom_B: trdng 45-46
(03:45 PM) jean2: what do you do with your backup account? counter the trade if it goes against you and you can't execute with IB?
(03:46 PM) rich012: jean, yes
(03:46 PM) raz_62: just quotes not working
(03:46 PM) rich012: Interactive Brokers
(03:46 PM) TheBigD: cme disabled
(03:47 PM) jean2: thanks rich
(03:48 PM) ppusa: what is Dan doing?
(03:48 PM) Tom_B: Daniel ?\
(03:48 PM) Tom_B: Bye
(03:48 PM) tomsurf: bye Rose
(03:49 PM) raz_62: bvye
(03:49 PM) prakso: bye rose - same to you
(03:49 PM) tomsurf: anyone know why Buffy hasn't been around much?
(03:49 PM) dave_b_quik: buffy has had to go to town on business 3 days in a row
(03:50 PM) nell6: where is a good place for second account if you are using IB as first account?
(03:50 PM) tomsurf: dave- Thanks...just miss her ;-)
(03:50 PM) nell6: you sure won't be happy if you were short now
(03:51 PM) Tom_B: shrts aren't xactly stampedeing here..
(03:51 PM) raz_62: what you think made it jump 40 points
(03:52 PM) Tom_B: that was xpected
(03:52 PM) scylnx: Asbestos news on HON about 2pm
(03:52 PM) TomEds: how come CME disable
(03:52 PM) Tom_B: wknders pocketng profits
(03:53 PM) raz_62: people who went long on this upmove gotta get out
(03:54 PM) raz_62: i would think but im dumb
Tom_B: thnkng can be a problem..:)
raz_62: you can close it
(03:54 PM) raz_62: it works
(03:54 PM) raz_62: i think
(03:55 PM) Tom_B: Pete supposedly just quotes dwn...
(03:55 PM) ppusa: anyone stillhere?
(03:55 PM) TomEds: anyone use IB have CME problem ?
(03:55 PM) pete77_1: I had astop in but dont know if it went
(03:55 PM) google_2: yes
(03:56 PM) TomEds: anyone ?
(03:57 PM) raz_62: just turned this into a nother losing week
(03:57 PM) pete77_1: me too
(03:57 PM) raz_62: bye everyone
(03:59 PM) Tom_B: bye raz
(03:59 PM) tomsurf: take care raz
(03:59 PM) google_2: bye raz
(04:01 PM) Tom_B: tnx G...u 2
(04:01 PM) prakso: have a great weekend all of you - bye -
(04:01 PM) Tom_B: Take care all... all the best
(04:02 PM) pete77_1: Still on hold with ib
(04:12 PM) pete77_1: I finally got an answer, I am long one, my stop was not executed. I have faith in Google, I trust she is right about market direction.
(04:15 PM) hanksterr: missed today. does anybody have the transcript they could email me
(04:17 PM) pete77_1: I would be glad to Hank, but only have the last couple of hours.
(04:23 PM) rich012: Did nq's stop trading at 4:00?
(04:23 PM) p_8: 3:55
(04:23 PM) p_8: halted
(04:23 PM) rich012: So it was a cme problem?
(04:23 PM) p_8: y
(04:23 PM) rich012: ok, thanks