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.
(09:23 AM) Tom_B: GM all
(09:23 AM) tippet: Raz - managed to get the 60min nq chart posted that shows the trendline offf the 1/09 hi
(09:25 AM) tippet: wea re at the 62% retrace of afternoon drop-79% would be 82
(09:26 AM) Bob Cole: Good morning
(09:31 AM) tippet: bounce off yest lower channel line
(09:34 AM) Dotcoza: Hi everyone
(09:35 AM) dave_b_quik: hi all
(09:40 AM) ppusa: might be a short here if it turns good sell sig PnF
(09:41 AM) ppusa: IF
(09:41 AM) ppusa: otherwise rule of 4
(09:43 AM) tippet: trendline right above eh?86
(09:43 AM) ppusa: es is doing nothing
(09:44 AM) ppusa: new low es
(09:44 AM) ppusa: sorry double bottom
(09:45 AM) Tom_B: shrt
(09:45 AM) ppusa: now new low
(09:46 AM) raz_62: yuck
(09:47 AM) ppusa: sp looks like it wants to turn up
(09:47 AM) raz_62: tried one of those anticipation smax trades -5
(09:48 AM) Mr S and P: 1485.00 buy stop
(09:48 AM) raz_62: tom still short?
(09:49 AM) Tom_B: y, but not happy
(09:49 AM) Tom_B: stp 84.5
(09:50 AM) Tom_B: close
(09:51 AM) Tom_B: grrr
(09:51 AM) Mr S and P: target 88.50
(09:51 AM) raz_62: dont feel bad i stopped out and got back in
(09:52 AM) Mr S and P: cashing some at 88.50
(09:53 AM) Mr S and P: 1483.00 prot stop on rest
(09:53 AM) raz_62: -5 again
(09:54 AM) Tom_B: hve wild shot to 1505, grrr
(09:54 AM) Mr S and P: next target 1496.00
(09:54 AM) tippet: rule of 4
(09:54 AM) Tom_B: 94.5-96 is nxt
(09:55 AM) tippet: 00 is 50% 1/24hi
(09:55 AM) ppusa: well unless yesterday's low goes it's up
(09:56 AM) tippet: top of yest channel?
(09:56 AM) raz_62: what does that mean
(09:56 AM) Mr S and P: prot stops moved to 1489.00
(09:56 AM) Mr S and P: 96 target
(09:56 AM) raz_62: if it dont drop 30 points it didnt drop 30 points
(09:58 AM) Tom_B: mr sp, that last 1 pt is the toughest :)
(09:58 AM) ppusa: well i was wondering if i should sell the q's i have been in or hold them
(10:00 AM) raz_62: when did you buy q's I must have missed that
(10:02 AM) ppusa: been in and out for more than a week
(10:03 AM) ppusa: trading against the position
(10:04 AM) Mr S and P: stop hit 1489.00 t+7 on three +4 on 2 = +11 total flat now
(10:04 AM) Mr S and P: 95.50 buy stop
(10:04 AM) Tom_B: little lng scalp trd
(10:05 AM) ppusa: sold them
(10:05 AM) tippet: lower hi?
(10:06 AM) Tom_B: out
(10:06 AM) ppusa: some PnF is overbought
(10:06 AM) ppusa: see how it all shapes up
(10:07 AM) Mr S and P: straight cancel buy order
(10:08 AM) ppusa: anyone see a reason to go short?
(10:09 AM) ppusa: i have ma's still trending up
(10:09 AM) dave_b_quik: right on support from daily and 60m down trenline and yd HOD, could go either way
(10:09 AM) Mr S and P: possible target 1501 off daily chart several days ago high stops there
(10:09 AM) Tom_B: see pbk 4 another push
(10:09 AM) p_8: yesterday HOD is still holding, so won't short yet..
(10:10 AM) Tom_B: proj 1505 4 poss trgt...
(10:10 AM) ppusa: holding?
(10:10 AM) ppusa: meaning above it
(10:10 AM) p_8: y
(10:10 AM) Mr S and P: 1493.50 buy stop
(10:10 AM) ppusa: gotcha
(10:10 AM) QSuzy: macd signals on 7min and 5min still positive....
(10:10 AM) Buffy_04364: flag?
(10:11 AM) ppusa: not sure buffy
(10:11 AM) ppusa: i was thinking it was but have doubts on this one
(10:12 AM) ppusa: it would look good if this turned into an outside down day
(10:12 AM) dave_b_quik: is raz talking? i don't hear a thing
(10:12 AM) ppusa: hear nothing here
(10:12 AM) Mr S and P: 11494.00 can replace buy stop
(10:12 AM) Buffy_04364: your are right pp could go either way
(10:13 AM) ppusa: i do not
(10:13 AM) ppusa: !!!!!!!!!!
(10:13 AM) raz_62: had global hot key enabled
(10:14 AM) dave_b_quik: longs coming in from multiple time frames, if they bail it should be fun
(10:15 AM) Mr S and P: 1494.50 can replace buy stop
(10:15 AM) ppusa: now flag?
(10:16 AM) Mr S and P: 1501 still target
(10:16 AM) ppusa: i missed the buy back there
(10:16 AM) Bob Cole: i got it 1486.5
(10:17 AM) ppusa: great orice
(10:17 AM) ppusa: price
(10:17 AM) raz_62: why did you buy at that price
(10:17 AM) ppusa: that completed that pattern
(10:17 AM) Tom_B: nice BC
(10:18 AM) Mr S and P: 1495.50 can replace buy stop
(10:18 AM) Bob Cole: cuz short at 1489.5
(10:20 AM) ppusa: SP and Dow look better with now with new highs
(10:23 AM) raz_62: 2min smax was short thru that bump up
(10:24 AM) ppusa: market looks shortable now that dow and sp havemade new highs...maybe just scalps?
(10:24 AM) raz_62: macd was down stoch was down
(10:24 AM) raz_62: what said buy
(10:24 AM) raz_62: we had had a lower high
(10:25 AM) Mr S and P: 1495.50 buy stop 1485.50 sell stop orders in one stop for the other
(10:25 AM) ppusa: raz what are you referring to?
(10:25 AM) raz_62: wonder what said buy
(10:25 AM) ppusa: where
(10:25 AM) ppusa: when
(10:25 AM) raz_62: you said you missed the buy bob caught it
(10:26 AM) ppusa: 1486?
(10:26 AM) ppusa: the trend is up
(10:26 AM) raz_62: at yes
(10:26 AM) ppusa: look at the slope of the ma's
(10:26 AM) ppusa: 1486 hit the 200 bar ma on the 1 min
(10:26 AM) ppusa: sorry 50 bar
(10:26 AM) ppusa: now the ma's are flattening
(10:27 AM) raz_62: wasnt it a lower low
(10:27 AM) Tom_B: ttmar shrt 90 to 85 ish
(10:27 AM) raz_62: buy lower lows
(10:27 AM) ppusa: yea just enough to get people out
(10:27 AM) Mr S and P: it's been real lol later
(10:27 AM) ppusa: what do you think a 1-2-3 is
(10:27 AM) ppusa: raz watch the trend
(10:28 AM) Tom_B: Was @m Smax a sell on last high with Diverg ?
(10:28 AM) Tom_B: 2m
(10:28 AM) ppusa: bumping the 50 bar ma here
(10:28 AM) raz_62: i had a smax sell at 1005
(10:29 AM) ppusa: looks like go through
(10:29 AM) raz_62: but looking at 2min
(10:29 AM) ppusa: raz here is a no brainer trade
(10:29 AM) ppusa: if we take out yesterday's low go short
(10:29 AM) raz_62: at 1450
(10:30 AM) Tom_B: pp u border on genius
(10:30 AM) BrainStorm: hello hello
(10:30 AM) raz_62: im sorry i still dont think my questiopn was totally foolish
(10:30 AM) Tom_B: out shrt +5
(10:31 AM) raz_62: smax was short stoch and macd down new low lower high
(10:31 AM) strad -: long 85.50
(10:32 AM) ppusa: mistake i think
(10:32 AM) Buffy_04364: no ? is foolish raz
(10:32 AM) Buffy_04364: anyone go short on test of high?
(10:32 AM) Buffy_04364: wish I had of been here
(10:32 AM) Buffy_04364: oh well
(10:32 AM) Tom_B: sld 90
(10:33 AM) Tom_B: cvr 85
(10:33 AM) ppusa: 84 minimum downside
(10:33 AM) ppusa: could be HOD
(10:33 AM) Tracy007: i did
(10:33 AM) ppusa: think i should reserve that notion until later
(10:34 AM) Tom_B: cvrng shrt 85 is safe play , to me...after that hve to see
(10:34 AM) ppusa: 84 reverses 10 point PnF
(10:34 AM) ppusa: who thinks that will be the end of this correction as opposed to going for the low?
(10:35 AM) Bob Cole: ready to long here
(10:35 AM) ppusa: decision time here
(10:35 AM) Bob Cole: waiting for signal
(10:35 AM) Tom_B: This is the spot 4 a lng if any good, imho
(10:36 AM) Tom_B: waiting also
(10:37 AM) Bob Cole: long
(10:37 AM) raz_62: dont it usually go back to double and triple tops
(10:37 AM) Bob Cole: 1486 fill
(10:37 AM) raz_62: tweezer tops?
(10:37 AM) ppusa: i bot q's back
(10:37 AM) ppusa: i think it is a mistake but i did for now
(10:38 AM) tippet: for what its worth Carpino has a cycle high friday
(10:38 AM) ppusa: hit good support from a few ma's
(10:40 AM) ppusa: hit uptrending ma's ... possible flag on 15 min
(10:44 AM) ppusa: 1500 + would make a nice HOD
(10:45 AM) Bob Cole: covered
(10:46 AM) Bob Cole: that would be sold
(10:46 AM) ppusa: es does not look like it is ready to turn up
(10:49 AM) ppusa: es has a flat bottom
(10:49 AM) Tom_B: which means ?
(10:49 AM) ppusa: on it's pullback low
(10:50 AM) ppusa: if this is going to turn up i think es needs a little spike
(10:50 AM) Tom_B: tnx
(10:50 AM) raz_62: sure looks like 3 humps
(10:50 AM) Buffy_04364: just evacuated LA airport
(10:50 AM) Buffy_04364: thought you guys should know
(10:50 AM) ppusa: es has a little bitty spike now but is on it's low
(10:50 AM) Tom_B: y ?
(10:51 AM) Buffy_04364: no explaination given
(10:51 AM) Buffy_04364: on fox news
(10:51 AM) Tom_B: tnx
(10:51 AM) ppusa: think that was it
(10:51 AM) ppusa: for now
(10:51 AM) ppusa: es had the final spike now up
(10:52 AM) ppusa: worked well watching es there
 
<missing ..>
 
(12:41 PM) Daniel X: man don't get into these hope and pray trades
(12:41 PM) raz_62: i wish
(12:41 PM) Tom_B: 62% ret
(12:42 PM) Daniel X: this is why i don't trade this volume...no idea whats going to happen!!
(12:42 PM) Tom_B: If u want to sell...this is abt the spot...i'm not there , YET
(12:42 PM) Daniel X: scarsthe crap out of me
(12:43 PM) Tom_B: is that y it's damp ovr here ?
(12:43 PM) Daniel X: lol
(12:44 PM) Tom_B: 1490 - 90.5 is 79% ret...if this is retr that shud hld it othwise... north
(12:44 PM) Daniel X: thats what i have also Tom
(12:45 PM) Daniel X: 90 should turn bears to bulls
(12:46 PM) raz_62: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-13/trade599.jpg
(12:46 PM) Daniel X: volume between tradable and no tradable
(12:46 PM) Daniel X: no=non
(12:47 PM) Hailian1: Any body help me
(12:48 PM) Dotcoza: Please tell me how I can help you,
(12:48 PM) Hailian1: i am looking for Book keeping lients
(12:48 PM) Dotcoza: Sorry we are all out of stock here
(12:49 PM) Daniel X: try the ex Enron executives they have alot of $ to manage
(12:49 PM) raz_62: this looks kinda 3 humpish
(12:49 PM) raz_62: i got 3 humped again
(12:49 PM) Daniel X: hide ..lunder
(12:49 PM) Daniel X: launder
(12:50 PM) ppusa: very hard to tell as the hour chart looks bullish
(12:50 PM) Daniel X: 90will bw key
(12:50 PM) Daniel X: be
(12:50 PM) Tom_B: Court is out...verdict close
(12:50 PM) Daniel X: looks like a "W" on the 5 min no?
(12:51 PM) raz_62: cant be exposive with no volume'
(12:51 PM) raz_62: unless its a raz rally
(12:51 PM) Daniel X: yes..something is going on here
(12:52 PM) Daniel X: not normal
(12:52 PM) Daniel X: news?
(12:52 PM) Tom_B: grrrr
(12:52 PM) ppusa: gonna go for 6 point reversal
(12:53 PM) raz_62: i always have this effect on the market believe it or not
(12:53 PM) Daniel X: yes good trade
(12:53 PM) Tom_B: shrt 86
(12:53 PM) raz_62: i have a track record to prove it
(12:53 PM) Daniel X: what effect?
(12:53 PM) Daniel X: oposite of your position?
(12:53 PM) raz_62: always moves hard againsdt my position
(12:53 PM) ppusa: trend still up
(12:54 PM) ppusa: come on and break
(12:54 PM) Daniel X: if we can get above and hold 90..we should see 1500
(12:54 PM) ppusa: SP breaking a bit
(12:54 PM) Daniel X: above 85 and 90
(12:55 PM) ppusa: Dan we know that ...chill
(12:55 PM) Daniel X: ha sto hold though
(12:55 PM) Tom_B: 89.5 stp
(12:55 PM) Daniel X: oh you do eh ok i'll chill
(12:55 PM) raz_62: monday i covered my long 1 p[oint from lod and my short .5 point from hod
(12:56 PM) Daniel X: since im no help i'll chill
(12:56 PM) Daniel X: lol
(12:56 PM) Tom_B: too much caffeine Daniel ?
(12:56 PM) raz_62: before my trade w ewere making lower highs lowerlows correct
(12:57 PM) Daniel X: no..too just been there done that..and trying to keep ppl from taking unnecessary losses
(12:57 PM) raz_62: what was the biggest mistake away from not stopping out
(12:57 PM) Dotcoza: Question: Does anybody know anything about "zentigertrading"
(12:57 PM) scorp: some
(12:57 PM) Tom_B: I'm shrt btw because of a vry tight stp & decision time, imho
(12:58 PM) Tom_B: 3.5 pt risk
(12:58 PM) ppusa: flat here
(12:58 PM) Dotcoza: Any good?
(12:58 PM) ppusa: for now
(12:58 PM) ppusa: suggest going for it if you like
(12:59 PM) ppusa: 83 is target
(12:59 PM) ppusa: and i chickened out
(12:59 PM) Daniel X: i know so chill
(12:59 PM) Daniel X: ;-)
(12:59 PM) Tom_B: They just might be reloading to run me ovr but , goo R to R
(12:59 PM) Tom_B: good
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(01:03 PM) Tom_B: tightn stp to 88.5 2.5 pt risk
(01:03 PM) FrankT: smax cont lng at about 86.50
(01:03 PM) ppusa: darn computers
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(01:03 PM) ppusa: i'll be back
(01:04 PM) raz_62: out 86 -13 -26 on day im outta her seeya later
(01:05 PM) Daniel X: RAZ no wait
(01:06 PM) Daniel X: RAZ put me on your buddy list
(01:06 PM) ppusa: don't do it
(01:06 PM) Daniel X: lol
(01:07 PM) Daniel X: there' no way you should be down that much with all the guidanve in ths room
(01:07 PM) Daniel X: RAZ?
(01:08 PM) Daniel X: what vevr
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(01:09 PM) Tom_B: lng 90.5
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(01:11 PM) FrankT: Volume improving
(01:12 PM) FrankT: Anyone with a swing high tgt?
(01:12 PM) Tom_B: 1500
(01:13 PM) Tom_B: actually 99 - 00.50...
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(01:19 PM) Daniel X: i wanna take this but my rules tell me to wait
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(01:20 PM) Daniel X: hmmm
(01:20 PM) FrankT: ES looking healthy
(01:21 PM) ppusa: i have seen this am butterfly pattern many times i need to react faster to it
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(01:23 PM) FrankT: may stall here
(01:24 PM) ppusa: i have a zillion double tops...would like to see 1505 plus area
(01:25 PM) ppusa: coming off the high
(01:26 PM) ppusa: it sure looks like a short based on patterns
(01:27 PM) Tom_B: out B/e
(01:27 PM) Daniel X: no chances..good
(01:28 PM) Tom_B: I'll prob rebuy aft some rotat
(01:28 PM) raz_62: back
(01:28 PM) Daniel X: yes
(01:28 PM) raz_62: went for a real haircut
(01:34 PM) Daniel X: volume freakin me out
(01:34 PM) ppusa: i sold q's again
(01:34 PM) Tom_B: Get a grip
(01:34 PM) ppusa: trend looks awfully steep
(01:35 PM) ppusa: what should i do get back in or stay gflat
(01:35 PM) Tom_B: still behaving like a correction to me... wud xpect new hi just for stps & bkout plyrs
(01:36 PM) ppusa: es needs more of a pb
(01:36 PM) ppusa: maybe
(01:36 PM) ppusa: exception would be take out the high by a bit and then retrace
(01:37 PM) Tom_B: Whole upmve has been on low vol...correction agnst dwn trnd....thnk we r finishing up a W:5:A some where around here...then 3 waves dwn...
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(01:38 PM) Tom_B: of course i really don't hve a clue :)
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(01:39 PM) Tom_B: Getting near time of day for some action
(01:40 PM) ppusa: need a trendline break
(01:40 PM) ppusa: for short
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(01:40 PM) Tom_B: keep thnkng my quotes are broke
(01:41 PM) ppusa: weird...if were really going up i would have thought the floor traders would take it lower
(01:41 PM) Tom_B: grrr
(01:42 PM) Tom_B: want to be lng...slapping self with fish
(01:42 PM) ppusa: finally got the 6 point reversal there so ready to go higher
(01:43 PM) Tom_B: is it worth it ?
(01:44 PM) ppusa: i don't know
(01:44 PM) ppusa: you thinking it might turn around?
(01:44 PM) FrankT: looks like globes burp
(01:44 PM) ppusa: after a new high
(01:44 PM) FrankT: globex
(01:44 PM) Daniel X: 90.50 long 89.50 stop
(01:45 PM) Tom_B: Don't know...need to see vol...
(01:45 PM) Daniel X: volume warrents this caution
(01:45 PM) Daniel X: stopped -1
(01:45 PM) Tom_B: this thng is trapped
(01:45 PM) ppusa: TL break
(01:45 PM) ppusa: 88
(01:46 PM) ppusa: thank you Tom...held my order up
(01:47 PM) Tom_B: grrr...shrt ?
(01:47 PM) Daniel X: i am
(01:47 PM) Tom_B: nuts ..waiting for dust to settle...this might be pbk before up
(01:48 PM) ppusa: yea might
(01:48 PM) ppusa: the 3 day up thing is keeping me out
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(01:49 PM) Tom_B: I'm not hearing a lot out of anyone else here...either they know or r just amused by our confusion... :)
(01:50 PM) raz_62: i just tried a short on th etl break but stopped out already
(01:50 PM) QSuzy: TomB....confused here too....:)
(01:50 PM) Tom_B: Raz shrt might be right but vry aggressive..imho
(01:51 PM) ppusa: back in
(01:51 PM) ppusa: fornow
(01:51 PM) raz_62: just tried to trade what i see which is usually a trick i suppose
(01:51 PM) ppusa: i can't imagine this thing not going up a little more
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(01:52 PM) ppusa: position trading
(01:52 PM) raz_62: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-13/tl%20break600.jpg
(01:52 PM) raz_62: maybe i need new glasses
(01:52 PM) Tom_B: almost bot it hre but ...maybe another small push dwn
(01:53 PM) Daniel X: 50/50 trade
(01:53 PM) BrainStorm: with the benefit of hindsight evrything up to 15 mins is trending down
(01:55 PM) ppusa: thanks brain
(01:56 PM) BrainStorm: though gut says another push at the HoD
(01:56 PM) Daniel X: looking for the 2oo ma breach
(01:56 PM) Daniel X: on the 5 min
(01:56 PM) Daniel X: done
(01:56 PM) Daniel X: or testint
(01:56 PM) Daniel X: testing
(01:56 PM) Tom_B: done ?
(01:56 PM) raz_62: not 200
(01:56 PM) Tom_B: 82.5 supp
(01:56 PM) Daniel X: i meant the 200 ma
(01:57 PM) ppusa: lots of lows to whack if this gets going
(01:57 PM) ppusa: chart pattern looks like it will turn up
(01:57 PM) ppusa: based solely on pattern
(01:58 PM) ppusa: lots of lows but maybe a new high then come back and get them all
(01:58 PM) ppusa: don't know
(01:58 PM) Daniel X: moving stop b/e
(01:58 PM) Daniel X: 87.50
(01:59 PM) Daniel X: stopped
(01:59 PM) raz_62: you got back in
(01:59 PM) Tom_B: Dan they're reading hre :)
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(01:59 PM) raz_62: thought you stopped at 89.5
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(01:59 PM) Daniel X: was short at 88
(02:00 PM) Daniel X: 89.50 was a long stop
(02:00 PM) ppusa: dow is up 107
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(02:00 PM) Daniel X: i know but NQ not participating
(02:00 PM) Daniel X: ??
(02:01 PM) Tom_B: if a lng is gonna wrk, we r getting VRY close
(02:02 PM) ppusa: my position is biased long until proven wrong scalping along the way
(02:02 PM) ppusa: sounds like jingle bells
(02:02 PM) Daniel X: AMAT leading the NAS
(02:02 PM) Tom_B: lng
(02:02 PM) Daniel X: is waht i hear
(02:02 PM) Tom_B: 86.5
(02:02 PM) raz_62: nas has proven its the place you want to be
(02:03 PM) Daniel X: sorry Amat leading the sox
(02:03 PM) raz_62: if you want to go broke
(02:03 PM) Daniel X: horroble vol still
(02:03 PM) Daniel X: horrible
(02:03 PM) Tom_B: getting fish ready just in case
(02:04 PM) Daniel X: looks good for a few TOM
(02:04 PM) Daniel X: but what do i know
(02:04 PM) FrankT: might have butt kicking machine ready before long too Tom...
(02:04 PM) Tom_B: LOL
(02:04 PM) FrankT: lol
(02:05 PM) BrainStorm: 84 is mid point of the days range and looks like a minor pivot
(02:05 PM) ppusa: 3 hours higher lows
(02:06 PM) Tom_B: Tnx Brain...hldng breath here
(02:06 PM) Tom_B: 83.5 stp
(02:06 PM) Tom_B: grrrr
(02:06 PM) Daniel X: one word comes to mind..
(02:06 PM) BrainStorm: talking here in order to try and stay out :)
(02:07 PM) Daniel X: a four letter word at that
(02:07 PM) ppusa: BB's look like the tail end of a caterpillar
(02:07 PM) Tom_B: FISH ?/
(02:07 PM) Daniel X: chop
(02:07 PM) Daniel X: locals seem in control
(02:07 PM) QSuzy: 3rd inside bar forming on 4min....
(02:07 PM) Tom_B: prob donating some $ to the floor Traders Mercedes Fund
(02:08 PM) Daniel X: and 2nd on the 5
(02:09 PM) QSuzy: yep
(02:09 PM) ppusa: transportatin index is down and i know Orprepus would clue into that
(02:09 PM) Tom_B: C'mon Dan, buy some.. :)
(02:09 PM) raz_62: i have made sure the dont need a new one
(02:09 PM) Daniel X: he he
(02:10 PM) Tom_B: last chance Dan :)
(02:10 PM) Tom_B: just kiddung, evyone ignore that
(02:10 PM) Daniel X: i had a target on PP long from 77 but yours..i dunno
(02:11 PM) Daniel X: bb too tight
(02:12 PM) raz_62: hi tthe tl and down
(02:12 PM) raz_62: next time 4th
(02:13 PM) Tom_B: This is NOT worth the intestinal wear & tear
(02:13 PM) Daniel X: you got it
(02:13 PM) Tom_B: May just pop the high & that's it
(02:13 PM) Daniel X: i cannot see any move with this volume ..although i tried
(02:14 PM) Daniel X: very unpredictable
(02:14 PM) ppusa: PnF leaning towards up
(02:14 PM) Daniel X: just barely tradable imo
(02:14 PM) raz_62: what volume are you looking for
(02:14 PM) Daniel X: tick volume on NQs
(02:15 PM) Daniel X: is what i look at
(02:15 PM) raz_62: minimum i mean
(02:15 PM) raz_62: 250 to 300 min now
(02:15 PM) Daniel X: 250
(02:15 PM) Daniel X: to 275
(02:15 PM) ppusa: es new low
(02:15 PM) ppusa: not LOD low
(02:16 PM) Daniel X: i have a reference line drawn in right at 275
(02:16 PM) Daniel X: RAZ
(02:16 PM) Daniel X: to keep me in check
(02:16 PM) Daniel X: lol
(02:16 PM) ppusa: last high at 89 hit down trend line off rally highs
(02:17 PM) BrainStorm: will ensign display tick volume ? or total volume for the period only ?
(02:17 PM) raz_62: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-13/wedgie601.jpg
(02:17 PM) Daniel X: i dunno..i use RT investor
(02:17 PM) ppusa: nas didn't confirm that last little es break
(02:17 PM) raz_62: what is the question
(02:18 PM) tomsurf: brain- ensign will do either but tick vol is the same for every bar by definition
(02:18 PM) Tom_B: if i don't get squashed ..it needs to move now
(02:19 PM) BrainStorm: will ensign display tick volume Raz ?
(02:19 PM) Daniel X: they say usually when in a triangle the break out resumes prior trend
(02:19 PM) Daniel X: 3/4 of the way to the apex
(02:20 PM) Tom_B: if this hlds, 1500 ish in sights still (lol)
(02:20 PM) Daniel X: yes ..lol
(02:20 PM) ppusa: this last rally now confirmed by es
(02:21 PM) raz_62: does anybody know what dynamite triangles are
(02:21 PM) Daniel X: long 90.50
(02:22 PM) Daniel X: tight stop
(02:22 PM) Daniel X: 89.50
(02:22 PM) Tom_B: tnx Dan..apprec the help :)
(02:22 PM) Tom_B: This is NOT going to be pretty
(02:22 PM) Daniel X: adx coming off the floor now
(02:23 PM) raz_62: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-13/dynamite%20triangles602.jpg
(02:23 PM) Daniel X: ;-) TOM
(02:23 PM) Daniel X: lol
(02:23 PM) raz_62: testing trend line
(02:24 PM) Daniel X: uh oh stops up here
(02:24 PM) Daniel X: i think
(02:24 PM) Daniel X: you see that
(02:24 PM) Daniel X: ?
(02:24 PM) Tom_B: I see nothing
(02:24 PM) FrankT: at 95?
(02:24 PM) Tom_B: maybe data stopped
(02:25 PM) Daniel X: 93 to 95
(02:25 PM) Daniel X: should force short cover
(02:25 PM) Tom_B: wat u talking abt ?
(02:25 PM) Daniel X: hoping
(02:25 PM) Daniel X: lol
(02:26 PM) Daniel X: Tom usually stops go in an area where we have several failures
(02:26 PM) Daniel X: no?
(02:26 PM) raz_62: tline won so far
(02:27 PM) Daniel X: stopped -1
(02:27 PM) Tom_B: y...missed part of ur comment thought i missed a move
(02:28 PM) raz_62: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-13/trend%20test603.jpg
(02:30 PM) Daniel X: locals trying to keep it below 93 to 95 area
(02:30 PM) FrankT: doing a pretty good job
(02:30 PM) Daniel X: they usually do!
(02:31 PM) Tom_B: 89 TSS
(02:31 PM) Daniel X: they force us samll guys to do the nervous dump
(02:31 PM) Daniel X: samll = small
(02:32 PM) Tom_B: nxt 15 min VRY impt
(02:32 PM) raz_62: doji on 5
(02:32 PM) Daniel X: yes RAz thanks
(02:33 PM) Daniel X: missed that
(02:33 PM) Tom_B: grrr
(02:34 PM) Daniel X: you out TOM?
(02:34 PM) raz_62: doji on 60 also
(02:34 PM) Tom_B: no Stp @ 89
(02:34 PM) Daniel X: oh ok
(02:35 PM) Tom_B: not lkng good
(02:35 PM) Daniel X: brb
(02:37 PM) Tom_B: Ha s a fecal look to it
(02:40 PM) Tom_B: Finally out of my misery +2.5
(02:40 PM) BrainStorm: not sure where I want to be here so best out I guess
(02:41 PM) Tom_B: It can't stay in balance here
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(02:41 PM) Daniel X: hey Tom it was a good trade none the less
(02:41 PM) Daniel X: you gave it a chance
(02:41 PM) Tom_B: tnx...kinda suprised they didn't get the stops...still might
(02:42 PM) Daniel X: yes
(02:42 PM) Daniel X: might
(02:42 PM) ppusa: 5 houtr bars with higher lows
(02:42 PM) ppusa: sorry 4
(02:42 PM) ppusa: half asleep here
(02:42 PM) Daniel X: 84 to98 for 1 1/2 hours
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(02:43 PM) Daniel X: 84 to 95 sorry
(02:43 PM) Tom_B: any good tv ?
(02:43 PM) Daniel X: lol
(02:43 PM) raz_62: and i started it all or it would be 77 to 85
(02:43 PM) raz_62: lol
(02:43 PM) Daniel X: ha
(02:43 PM) ppusa: i count in the first wave from LOD 3 humps
(02:44 PM) ppusa: where we weent short
(02:44 PM) ppusa: we need 2 more pushes in this leg
(02:44 PM) raz_62: hey pp stick to P&F
(02:45 PM) Tom_B: Prob just BB ping Pong
(02:45 PM) raz_62: broke the tl
(02:46 PM) qatwo: back to 15/20
(02:46 PM) Hollie_: I this market going up or down?
(02:46 PM) Daniel X: nowhere
(02:46 PM) BrainStorm: cant find a nice looking chart to look at in any time frame Im interested in
(02:46 PM) Hollie_: bull flag on dow
(02:46 PM) raz_62: both
(02:46 PM) Hollie_: ok raz
(02:47 PM) raz_62: im not in dont know what to do with out me for direction
(02:47 PM) Daniel X: chop range 84 to 95 so....
(02:48 PM) p_8: in triangle, could go either way, watch for traps
(02:48 PM) Hollie_: ok
(02:48 PM) Daniel X: triangle breakout ususally resumes prior trend
(02:48 PM) Hollie_: on dow is that 3 humps on 5 min?
(02:48 PM) Tom_B: want to shrt but can't read it
(02:49 PM) raz_62: that was a forth touch failure
(02:49 PM) ppusa: wonder is this is still a buy here?????????
(02:49 PM) ppusa: lower low on hour chart
(02:50 PM) Tom_B: shrt
(02:50 PM) qatwo: es also below 15m20
(02:50 PM) raz_62: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-13/4th%20failed604.jpg
(02:52 PM) Tom_B: I wrk without a net
(02:52 PM) ppusa: hummm
(02:53 PM) qatwo: 81 is 62%
(02:53 PM) ppusa: yea it's nothing more than a pb still
(02:53 PM) ppusa: es still dropping
(02:53 PM) raz_62: 2nd hump maybe
(02:54 PM) raz_62: i was short at 90 :(
(02:54 PM) Tom_B: I'm suspect of this shrt , keeping a tight leash on ti
(02:54 PM) Tom_B: it
(02:54 PM) raz_62: covered at 88.5
(02:56 PM) raz_62: pull back and drop again sets up 3 humps down maybe
(02:56 PM) ppusa: raz i think if this drops further it will no longer be a pullback but a change in trend
(02:57 PM) ppusa: theyhave taken out the 81.5 low from 12:45
(02:57 PM) ppusa: nice setup for another leg up
(02:57 PM) p_8: anyone see tippet's 60-min chart this morning, nq poked the down trendline with today's HOD, it could fall further from here to the other end of the channel, or retrace a bit to trendline and reverse upward
(02:58 PM) raz_62: support at 65
(02:58 PM) ppusa: yes p8...poke this am
(02:58 PM) raz_62: dont think we drop that far
(02:58 PM) ppusa: raz don't even tthink about buying if the low goes
(02:58 PM) Tom_B: TBS 84
(03:00 PM) ppusa: 240 tick chart has today as a very nice inverted head and shoulders
(03:01 PM) Daniel X: when we stay above the pivoyal number all day..it usually takes a lot of sellers to go down through irt
(03:01 PM) Daniel X: it
(03:01 PM) Tom_B: This good supp so it's here or good bye
(03:01 PM) Daniel X: 75
(03:01 PM) ppusa: yes
(03:02 PM) Tom_B: -0.5
(03:03 PM) ppusa: trans index is still down
(03:05 PM) raz_62: things look good for a third hump and a bounce around 76
(03:05 PM) Tom_B: shrt 83.5
(03:05 PM) ppusa: maybe done now
(03:05 PM) raz_62: on the 1525bar i think
(03:05 PM) ppusa: out of time
(03:06 PM) raz_62: 15min trend line at 77
(03:07 PM) Tom_B: out 86.5 lng 87
(03:07 PM) raz_62: trend line test at 88 or 88.5
(03:08 PM) raz_62: bet it fails and makes a 3rd hump
(03:08 PM) ppusa: resis here
(03:09 PM) qatwo: at 5m20 again
(03:09 PM) Tom_B: I messed up last shrt...it hld supp well
(03:10 PM) p_8: hit the 60-min trendline and bounced
(03:11 PM) its_1: what is 2X * 4p - 99
(03:11 PM) p_8: 1
(03:12 PM) ppusa: 259
(03:12 PM) Tom_B: pp I had same answer !!!
(03:12 PM) p_8: lol
(03:12 PM) ppusa: nq or es?
(03:13 PM) ppusa: could be 61
(03:13 PM) ppusa: pessimistic
(03:13 PM) its_1: 91xp u fouls
(03:13 PM) scorp: no
(03:13 PM) scorp: 8xp -99
(03:14 PM) ppusa: what is xp?
(03:14 PM) its_1: xp is short 4 xp
(03:15 PM) its_1: ok lets c how clever u all r
(03:15 PM) its_1: what is 69
(03:16 PM) tomsurf: its_1 no time for games in here
(03:16 PM) ppusa: right
(03:16 PM) its_1: im asking a question
(03:16 PM) its_1: can anybody answer
(03:17 PM) Tom_B: its after 3:15 cst
(03:17 PM) its_1: lets try an other what is 7
(03:17 PM) p_8: how's bond doing?
(03:17 PM) Tom_B: hldng lng still...burning incense
(03:18 PM) its_1: what is a 100
(03:18 PM) raz_62: tl test
(03:18 PM) raz_62: again
(03:18 PM) tomsurf: its_1 your time in the spotlitght is about up
(03:18 PM) Daniel X: its
(03:19 PM) its_1: can no 1 answer]
(03:19 PM) Daniel X: ?
(03:19 PM) Daniel X: what do u wnat?
(03:19 PM) Tom_B: ejector button ?
(03:19 PM) BrainStorm: wonder if we will get a final run on HoD
(03:19 PM) Daniel X: want
(03:19 PM) pender: somebody gong this guy
(03:19 PM) raz_62: these 3 humps are beautiful symetry so far just need s to drop
(03:19 PM) ppusa: no gong...
(03:19 PM) raz_62: 4 5min bars down
(03:20 PM) ppusa: switch to ignore
(03:20 PM) raz_62: please
(03:20 PM) its_1: its a number u fouls
(03:20 PM) Tom_B: if we continue a litte sidewys...will go up
(03:20 PM) tomsurf: its_1 has been bounced from the group
(03:20 PM) ppusa: darn
(03:20 PM) Tom_B: THANKS TOM
(03:20 PM) Daniel X: learn to spellfool
(03:20 PM) pender: applause
(03:20 PM) Daniel X: probably a kid
(03:21 PM) Tom_B: Chanting & clapping little handheld cymbals
(03:21 PM) Daniel X: lol
(03:21 PM) tomsurf: kiddies should be at school, lol
(03:21 PM) p_8: they have internet in school, remember? lol
(03:21 PM) raz_62: mine are home already
(03:21 PM) raz_62: lol
(03:21 PM) raz_62: where they look at porn
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(03:22 PM) raz_62: another tl here
(03:22 PM) Tom_B: You'd think attendance might improve then ?
(03:22 PM) raz_62: touched it
(03:22 PM) amer_68: 91.5 top of 10:05 bar
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(03:23 PM) Tom_B: suspecting a spike..ttmar
(03:24 PM) Daniel X: can we mustera good old fashion rally here....
(03:24 PM) Tom_B: Buy some Dan
(03:24 PM) Daniel X: er...ok
(03:24 PM) raz_62: if we cud get this other hump
(03:24 PM) tomsurf: right back to test the trendline we broke on that last push down
(03:24 PM) amer_68: 87 botttom of 10:05 bar
(03:24 PM) tomsurf: backside test now
(03:25 PM) raz_62: now 4 down bars
(03:25 PM) raz_62: come on
(03:26 PM) nomimon: hi room
(03:26 PM) raz_62: would make rally start after 1540
(03:26 PM) raz_62: right on time
(03:26 PM) ppusa: good eye Tomsurf
(03:26 PM) Tom_B: better strt in 5 min or i'm out
(03:26 PM) nomimon: if any importer is living in this room?
(03:27 PM) p_8: raz, may need Tom's chanting and cymbal clapping to get the rally going..lol
(03:27 PM) nomimon: if any importer is living in this room?
(03:27 PM) Tom_B: no importers here
(03:27 PM) raz_62: im importer than some
(03:27 PM) Daniel X: no NOMINMON
(03:28 PM) nomimon: if any importer is living in this room?
(03:29 PM) p_8: so, nq is making even bigger triangle?
(03:30 PM) Tom_B: I'm goign to writ e the Fecal Trading sys
(03:30 PM) raz_62: buy limit at 77.5
(03:31 PM) raz_62: you know what that means
Daniel X: lol
(03:31 PM) FrankT: Should we get out the machine Tom?
(03:31 PM) ppusa: rule of 4 at HOD?
(03:32 PM) Tom_B: Well raz...i'm still lng...of course that doesn't mean diddley
(03:32 PM) FrankT: I could have used it a few times today...
(03:32 PM) Tom_B: No Frank, not YET
(03:33 PM) alan123: volume very low today
(03:33 PM) raz_62: tl again
(03:34 PM) Tom_B: This might go dwn to the wire
(03:34 PM) Daniel X: final hour have the potential to be emotional one way streets..locals are cautious on the short side
(03:34 PM) amer_68: Turtle trade on 3 min?
(03:34 PM) Daniel X: final hour trades that is
(03:35 PM) Tom_B: this thing 's been mvng like a turtle all day
(03:35 PM) BrainStorm: tempted to quit here while I'm behind lol
(03:35 PM) raz_62: surely you jest
(03:35 PM) p_8: more like cockroach move
(03:36 PM) p_8: confusing
(03:36 PM) Daniel X: we need some profit taking here in the other indices
(03:36 PM) Daniel X: for a move down
(03:36 PM) Daniel X: sox dow etc
(03:36 PM) Tom_B: Hey...they move pretty fast...at least they did in NYC..I used to go dwn into Sub basements & turn on the lights & count to 3 before i opened my eyes so the floor wud clear
(03:38 PM) Daniel X: Tom you still in the CBOT?
(03:38 PM) Daniel X: building?
(03:38 PM) Tom_B: out
(03:38 PM) p_8: y someone shed some light on the market, plz
(03:38 PM) Tom_B: now it can go up :)
(03:40 PM) Tom_B: GRRR
(03:40 PM) ppusa: good consolidation
(03:40 PM) ppusa: still long q's.....beaten up on futures
(03:40 PM) raz_62: anybody with a 5min chart look for similiarty between yesterdays last 2 hours and this ams first 2
(03:40 PM) ppusa: recent low held 50 bar ma on 15 minute which was bullish
(03:41 PM) Tom_B: Still looks good to me but it wore me out
(03:41 PM) ppusa: good point raz...railroad tracks
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(03:41 PM) raz_62: this whole market is bull %#ish
(03:42 PM) Tom_B: Dan, what r the locals ?
(03:42 PM) Tom_B: l/s ?
(03:42 PM) Tom_B: gone home
(03:43 PM) p_8: the locals are out to local bars?
(03:43 PM) raz_62: having a round on me
(03:43 PM) Daniel X: sory was afk
(03:44 PM) Tom_B: Merc Club is nice, u can sit there, have a cocktail & watch the screens & call in ur orders
(03:44 PM) Daniel X: the locals where pressing the short side at 90 most of the day
(03:44 PM) Daniel X: but cautious on this last one
(03:45 PM) Tom_B: Theonly thing pressed here today was my acct..
(03:45 PM) raz_62: volume picking up now
(03:46 PM) ppusa: 3 little indians i min chart
(03:46 PM) p_8: y, short at 89
(03:47 PM) Daniel X: good trade!
(03:47 PM) ppusa: tempted do sell q's
(03:47 PM) ppusa: to
(03:47 PM) BrainStorm: can someone tell me what the symbols are for continuous futures on eSignal are ?
(03:47 PM) Tom_B: 89 good Smax shrt
(03:48 PM) Daniel X: yes and good florr trade!
(03:48 PM) Daniel X: floor
(03:48 PM) Daniel X: be careful
(03:48 PM) blueem: brainstorm: nq #f
(03:48 PM) BrainStorm: thank ye
(03:49 PM) ppusa: 85.5 holding so far as this hour's low
(03:49 PM) Daniel X: 40 min 5 point chop zone!!!
(03:49 PM) Daniel X: ouch
(03:50 PM) p_8: hand on eject..
(03:50 PM) Tom_B: out of this something more meaningful develops
(03:50 PM) ppusa: same
(03:51 PM) ppusa: close here?
(03:51 PM) BrainStorm: volume tailing off Im outta here..have a good evning all
(03:51 PM) Tom_B: Bye
(03:51 PM) QSuzy: anyone know what Ensign class will be on this afternoon?
(03:52 PM) Daniel X: can someone tell me how to calculate 12 % away from the 20 ma..if you know what i mean?
(03:53 PM) Daniel X: PP ..Tom?
(03:53 PM) Daniel X: fib?
(03:53 PM) qatwo: in ensign?
(03:53 PM) Daniel X: something new im looking at
(03:53 PM) qatwo: use uniform bands
(03:53 PM) Daniel X: in anything really
(03:54 PM) Daniel X: oh ok
(03:54 PM) Daniel X: but on paper what does it represent
(03:54 PM) Daniel X: weekly daily?
(03:54 PM) Daniel X: intrady>
(03:54 PM) Daniel X: ?
(03:55 PM) p_8: out
(03:55 PM) qatwo: whatever you want
(03:55 PM) 9r: ema value X 1.12 or .88..depending on which side
(03:55 PM) Daniel X: oh ok thnx
(03:56 PM) Daniel X: g night all c ya in the morn
(03:56 PM) Tom_B: Dan too high end for me, i just try to push the right button here.. :)
(03:56 PM) Daniel X: lol
(03:57 PM) Daniel X: they say look for retracement
(03:57 PM) dave_stewart: -
(03:57 PM) Daniel X: when price is around 12% away from 20 ma
(03:57 PM) Tom_B: BYE & BYE to all Who put up with my raving today...tnx
(03:57 PM) p_8: this may clunk at 16:01
(03:58 PM) 9r: 20 ema on what timeframe?
(03:58 PM) Daniel X: 5 min
(03:59 PM) raz_62: bye all
(04:01 PM) ppusa: big fat triangle here on 15 min chart
(04:02 PM) Dotcoza: Where will I find ensign chat?
(04:02 PM) ppusa: ensign room
(04:02 PM) ppusa: ensign windows users
(04:03 PM) qatwo: don't see ensign room yet he should open it soon
(04:04 PM) Dotcoza: Ok thats why I dont see them ........THANX
(04:07 PM) ppusa: sold 1/2 q's
(04:07 PM) ppusa: don't trust this
(04:09 PM) 9r: p_8 I was hoping you could muster a little better clunk than that :)
(04:09 PM) p_8: LOL
(04:09 PM) ppusa: work on it tomorrow
(04:10 PM) qatwo: ensign room is open now
(04:10 PM) p_8: i need more practice...lol
(04:12 PM) ppusa: most of the clutter
(04:12 PM) ppusa: all the popups except the instant date
(04:12 PM) ppusa: bye all
(04:12 PM) jean2: thanks
(04:12 PM) qatwo: bye pp
(04:13 PM) ppusa: oh about the group thing
(04:13 PM) p_8: good night
(04:13 PM) ppusa: let's discuss
(04:13 PM) ppusa: but not today
(04:13 PM) qatwo: k
(04:13 PM) ppusa: everyone interested maybe let me know what you want to watch
(04:13 PM) ppusa: bye for now