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.
<...>
(11:24 AM) Daniel X: wake up!
(11:24 AM) Daniel X: gosh..everyone asleep/
(11:24 AM) ppusa: i think a third hump would look so good here
(11:24 AM) FrankT: volume had dried up
(11:25 AM) Daniel X: yes unbeleivable
(11:25 AM) ppusa: i am going to create some cd labels
(11:26 AM) Daniel X: tell you what ...locals are afrais the funds will step back in so shorting is scary right now
(11:27 AM) ppusa: i hate it when you say things that make me think
(11:27 AM) Daniel X: lol
(11:27 AM) jean2: thanks for the input everyone - it is very helpful here.
(11:27 AM) ppusa: step back in from where
(11:27 AM) Daniel X: put me on ignor!lol
(11:27 AM) ppusa: i alreaady do
(11:27 AM) Daniel X: a retrace i imagine
(11:27 AM) ppusa: you are like a virus
(11:28 AM) Daniel X: and $ is the cure
(11:28 AM) Daniel X: lol
(11:28 AM) jean2: oh yea right Daniel...only if I was real dumb
(11:28 AM) ppusa: so where are they now if they are going to step back in?
(11:28 AM) Daniel X: not saying they will
(11:28 AM) jean2: I'm here to learn and I am grateful the more skilled traders are willing to share their knowledge.
(11:29 AM) Bob Cole: Thursday morning meetings in the "war room"... donnuts
(11:29 AM) Daniel X: just that locals who normally fade this are afrid to da anything
(11:29 AM) Daniel X: as you can see
(11:29 AM) ppusa: did funds step in this am?
(11:29 AM) Daniel X: was shoert from 1505
(11:29 AM) ppusa: or maybe you don't know?
(11:29 AM) Daniel X: cut at 2.5
(11:29 AM) ppusa: repeating only what you heard?
(11:30 AM) ppusa: i don't understand
(11:30 AM) Daniel X: wellwhat i heard cinfirms my thoughts
(11:30 AM) Daniel X: confirms
(11:31 AM) ppusa: i guess i am just wondering if they have been on the sidelines or what
(11:31 AM) Bob Cole: flat again short at 1503 covered at 1502
(11:31 AM) Tom_B: still lng
(11:31 AM) Daniel X: brb
(11:31 AM) ppusa: this 1500 area should get taken out but maybe later
(11:31 AM) Tom_B: HEY
(11:32 AM) Daniel X: we need a retset of 95 for a decent new high no?
(11:32 AM) Daniel X: PP?
(11:32 AM) ppusa: it will be a target later in the day
(11:32 AM) Daniel X: ok
(11:32 AM) Tom_B: Don't thmnk so hre
(11:32 AM) ppusa: anyone who wants to buy has to buy higher then they bring it back
(11:32 AM) Daniel X: yes i would think so...
(11:33 AM) Tom_B: 1520 still in the sites
(11:33 AM) Daniel X: 17 for me
(11:33 AM) Daniel X: flat though
(11:33 AM) Tom_B: picky, picky
(11:34 AM) Daniel X: if and when funds come back in we should go right through that projected high
(11:35 AM) Daniel X: like as if thats any help...lol
(11:35 AM) Daniel X: brb 5 mins
(11:35 AM) ppusa: Appetite For Destruction
(11:35 AM) ppusa: oh sorry...working on my CD label
(11:36 AM) Tom_B: Daniel...lng from recnt retr
(11:36 AM) tippet: this could be rt shoulder
(11:37 AM) Bob Cole: 1509 LSS sell was a nice short first time... maybe again?
(11:39 AM) Bob Cole: Buffy, you there?
(11:39 AM) Tom_B: sp 04
(11:40 AM) Bob Cole: Tom, do you trade all day? Seems to me the action is over after 90 minutes?
(11:40 AM) Tom_B: out +1
(11:41 AM) tippet: approaching neckline
(11:42 AM) Tom_B: I try to trde for position...sometimes i mess up...a lot i mess up but today it's ovr 4 now...was lookng for a test of hi...but nothing there...so aside
(11:42 AM) ppusa: looks klike 1500 now
(11:43 AM) Tom_B: Unless thngs change dramatically i'll be on the lng side...used to trade both sides but wud lose my perspective so hve been trying to slow dwn...wud prefer 3 - 4 trds a day
(11:44 AM) Daniel X: PP...you read that eamil i've sent you...does it colaborate your numbers?
(11:45 AM) Daniel X: i've done 3 so far Tom...
(11:45 AM) Daniel X: short long short
(11:46 AM) Daniel X: my 1rst trade almost always is in the direction of the gap
(11:46 AM) Tom_B: lkng hre this cud be a shrt setting up
(11:46 AM) Bob Cole: I've done this for less than 2 weeks... seems like I do fine for firs hour then give it back the second hour... function of decreasing volume I think
(11:46 AM) Tom_B: BIG supp hrs though...i'm aside
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(11:47 AM) tippet: neckline holding for now...
(11:47 AM) Daniel X: yes BOB first 90 min and then last 60 to 120 mins
(11:47 AM) tippet: crack
(11:47 AM) Tom_B: AGREE, DAN
(11:48 AM) ppusa: okay this could be a setup for a test of the highs
(11:48 AM) ppusa: hour chart looks like it
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(11:49 AM) Tom_B: y...spot to buy bk, arnd hre
(11:49 AM) ppusa: so far PnF has (i think anyway) correctly called this
(11:49 AM) Daniel X: iys not so much that trades don't work in between those periods ..but the probability of follow through with the speed your looking for in very low
(11:49 AM) Daniel X: in = is
(11:50 AM) ppusa: like to see a little bit lower
(11:50 AM) Daniel X: i see 94 PP
(11:50 AM) ppusa: if i was gonna buy
(11:50 AM) ppusa: i am thinking a new high first dan then sell off to 94
(11:50 AM) ppusa: 94 here would i think put market on the defensive
(11:51 AM) Daniel X: lim thinking the opposite
(11:51 AM) Bob Cole: 1497 is my buy
(11:51 AM) ppusa: don't think it is ready to throw it in yet
(11:51 AM) Daniel X: but don't want to think too much!
(11:52 AM) Daniel X: thinking tose who missed the 1rst run up will buy on the 2nd
(11:52 AM) Daniel X: tose =those
(11:52 AM) Tom_B: like a lng hre but don't like time of day
(11:52 AM) Daniel X: question is when
(11:54 AM) Tom_B: 1500, 96 stp, my #'s BUT...no &%$@
(11:54 AM) Daniel X: with this volume hmmm....
(11:55 AM) Daniel X: Tom i luv your entries..what are they based on?
(11:55 AM) Tom_B: mgic 8 ball
(11:55 AM) Shakil: hello
(11:55 AM) Tom_B: FIB/GANN, ELL
(11:56 AM) Daniel X: ok thnx
(11:56 AM) Shakil: my name is shakil
(11:56 AM) Shakil: what is your name
(11:56 AM) Tom_B: luv the trades i don't take too :( , GRRR
(11:56 AM) Daniel X: <<<<<<<<<my name is
(11:56 AM) Shakil: no
(11:56 AM) Tom_B: who's got that fish
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(11:57 AM) dave_b_quik: ><[[[[>
(11:57 AM) Daniel X: lol
(11:57 AM) Tom_B: LOL
(11:57 AM) Shakil: who are you
(11:58 AM) Shakil: iam pakistani
(11:58 AM) Tom_B: still can get this..hve to wait
(11:58 AM) Shakil: what is your countru
(11:58 AM) dave_b_quik: we're traders, we don't talk, we type
(11:58 AM) dave_b_quik: from many countries
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(11:58 AM) Shakil: but way
(11:59 AM) Shakil: i what is your e-mail address
(11:59 AM) Tom_B: Dan...still like 20 but will proj a trgt whn we get nearer
(11:59 AM) Shakil: pleas tell me
(12:00 PM) cyberbryan: shakil we be the guys who are teaching the Afghans the american way. we are traders
(12:00 PM) Shakil: what is your name
(12:01 PM) Tom_B: Dan good scalp to 06
(12:01 PM) ppusa: great fish dave
(12:01 PM) Tom_B: i'm not nimble to get that kind of range
(12:02 PM) Tom_B: but hldng lng frm 1500ish that's another thng
(12:02 PM) Tom_B: grrr, might hve too
(12:04 PM) ppusa: :::::::::::::><[[[[>
(12:04 PM) BrainStorm: how do I put notes on a chart in ensign ?
(12:04 PM) ppusa: pencil
(12:04 PM) ppusa: or draw tools
(12:04 PM) BrainStorm: hehe
(12:05 PM) BrainStorm: being dense cant find a text tool
(12:05 PM) ppusa: N in draw tools
(12:05 PM) BrainStorm: ahh N for note I guess
(12:07 PM) tippet: 79% here of drop
(12:09 PM) Tom_B: test
(12:09 PM) Tom_B: see me ?
(12:09 PM) tippet: y
(12:09 PM) Tom_B: tnx
(12:09 PM) Tom_B: cmptr went off deep end
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(12:10 PM) tippet: upper wedge line
(12:10 PM) Daniel X: Tom..a question..when setting fibs..how many bars back do u use?
(12:11 PM) Daniel X: and what tf 5 min?
(12:11 PM) Tom_B: I use swing H/L
(12:11 PM) Daniel X: of current day?
(12:11 PM) Daniel X: or pre
(12:11 PM) Tom_B: & prev Day
(12:11 PM) Daniel X: ok hanx
(12:11 PM) Daniel X: t
(12:11 PM) Daniel X: t
(12:12 PM) Daniel X: brb
(12:12 PM) Tom_B: I use 15m TF to try not to lose my head on shrt trm wiggles
(12:12 PM) Tom_B: Use Daily pivots
(12:13 PM) Tom_B: Plus other stuff & keep a fish nearby
(12:14 PM) ppusa: i am looking for another 3 humps in this leg
(12:15 PM) Tom_B: 20 still in the sights hve missed getting lng BUT will buy higher
(12:15 PM) Tom_B: or retrace if we get it hre...maybe :)
(12:16 PM) Tom_B: might get into a pennent
(12:17 PM) Tom_B: Going into scalptro mode hre i thnk
(12:18 PM) Tom_B: wasn't that 3rd hmp, pp ?
(12:18 PM) tippet: wedge line held (bears are cheering )
(12:18 PM) ppusa: it could be Tom
(12:19 PM) ppusa: hit some bb up there
(12:19 PM) Tom_B: just more buyt stps to fuel upmve... lol
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(12:19 PM) ppusa: but i count 3 humps in first leg
(12:19 PM) ppusa: so i think 3 more in this leg
(12:19 PM) tippet: someone has to take the contrarian view here es woops
(12:20 PM) ppusa: SP made a new high up there by a little
(12:20 PM) ppusa: still like to see another push
(12:20 PM) tippet: yup
(12:21 PM) ppusa: that would be third time up
(12:21 PM) Tom_B: hmmmm, for me to get shrt i prob hve to see last 15m swlo go
(12:23 PM) Tom_B: Smax Shrt
(12:23 PM) Tom_B: ?
(12:23 PM) BrainStorm: volume greater on that last run up than the retrace
(12:23 PM) sb17: hi everyone
(12:23 PM) Tom_B: hi
(12:23 PM) sb17: i'm finally rockin with Ensign
(12:24 PM) tomsurf: sb- great
(12:24 PM) sb17: of course, figuring out the alerts and EPSL ...that's another story
(12:24 PM) tippet: smax (jimmer -discretion rule)
(12:25 PM) sb17: here's a reiteration of an idea from SMAX which i have found invaluable....
(12:25 PM) sb17: trading the retracement after the MACD crossover is the safest trade
(12:26 PM) Tom_B: brb
(12:26 PM) sb17: i use a 3-min on SMAX...
(12:26 PM) tippet: so sb would u short 5
(12:26 PM) sb17: sometimes the retracement may be only 1 bar
(12:26 PM) sb17: i'm trading ES...no short here..yet
(12:27 PM) tomsurf: sb- true. That's almost a universal truth
(12:27 PM) sb17: what's a truth?
(12:27 PM) FrankT: sb do you mean a retracement of reversal after a 20 pt move or on any reversal?
(12:27 PM) tomsurf: what you just refered to with smax
(12:28 PM) sb17: not reversal...retracement
(12:28 PM) sb17: also....
(12:28 PM) sb17: i trade the 1st retracment after the crossover
(12:28 PM) BrainStorm: first retracement is nearly always the safest trade regardless of your trigger
(12:28 PM) sb17: that's important
(12:28 PM) FrankT: You mean on continuation trade
(12:28 PM) sb17: yes, frank
(12:29 PM) tomsurf: think that's also called a 1st cross set p too
(12:29 PM) BrainStorm: give up some risk but giove up some reward also :-)
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(12:29 PM) sb17: today looks like sharp reversals at the top
(12:29 PM) FrankT: ok- I like to enter after the first retracement on reverasal also
(12:29 PM) sb17: maybe this afternooon.....we'll see a dump
(12:30 PM) ppusa: if nothing else at least a pb to 1500
(12:30 PM) Tom_B: BK, had to reboot
(12:30 PM) ppusa: or shall i say another pb to 1500
(12:30 PM) sb17: this morning with SMAX on the 3-min, there were two retracement trade opportunities
(12:31 PM) sb17: possible three if you were quick
(12:31 PM) sb17: the first one was right after the open...i always hate those
(01:31 PM) ppusa: it is still going through files??????
(01:31 PM) scorp: pp, i'm looking
(01:31 PM) ppusa: first time the disc has been in
(01:31 PM) ppusa: i'm sure something is wrong but????
(01:32 PM) Tom_B: 800-441-7234...gen'l cust svce
(01:32 PM) hanksterr: do a ctrl alt del and it will tell u if it is not running
(01:32 PM) ppusa: thanks
(01:32 PM) scorp: tom beat me
(01:32 PM) scorp: just like my entries, always late
(01:32 PM) Tom_B: pp said exit my lng so ......, nah
(01:33 PM) hanksterr: they will tell u to reboot lol
(01:33 PM) Tom_B: pp, body slam it a few times
(01:33 PM) ppusa: yea
(01:34 PM) ppusa: okay i am wondering if a pb late in the day to 1500 is a buy for more up tomorrow...guess we will find out...
(01:34 PM) ppusa: in the meantime
(01:34 PM) ppusa: nq is walking up the 20 ma on the 15 positive sign
(01:34 PM) ppusa: SP is quite far from it's highs here
(01:35 PM) ppusa: 3 point PnF says reversal
(01:35 PM) ppusa: 10 has just short of a double top
(01:35 PM) Tom_B: if we take out hod, we will surpass 1520...imvho but i'll hve a btr idea depending on whn
(01:35 PM) ppusa: 15 overextended
(01:35 PM) ppusa: good consolidated walk up here
(01:36 PM) ppusa: look for 3 point drop then?
(01:36 PM) ppusa: also the low of this hour looks sketchey
(01:36 PM) ppusa: would like to see a new high
(01:36 PM) Tom_B: ME TOO
(01:38 PM) Tom_B: Shoot
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(01:38 PM) Tom_B: OUT
(01:39 PM) Tom_B: OUT, pp
(01:39 PM) sb17: here we go...a crack
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(01:39 PM) tippet: es good key
(01:40 PM) sb17: ES support 1121
(01:40 PM) ppusa: es broke last swing
(01:42 PM) ppusa: but es is in a position to bounce back
(01:42 PM) ppusa: shoot
(01:43 PM) Tom_B: LOL, in a TRI angle
(01:43 PM) ppusa: short and hating it
(01:43 PM) Tom_B: prob good pos
(01:44 PM) ppusa: always a crappy entry
(01:44 PM) Tom_B: Sideways always a pain in the wallet
(01:44 PM) tippet: wave ct Tom?
(01:44 PM) sb17: still a little early dor a dump
(01:45 PM) ppusa: that's what is in the back of my mind
(01:45 PM) sb17: well, maybe
(01:45 PM) Tom_B: Not sure whre we are hre...HOD might hve been EOW:5 of this upmove or this is just a correction with new highs to come...can't tell
(01:46 PM) Dotcoza: Is it holiday in states on Monday?
(01:46 PM) tippet: thnxs
(01:47 PM) sb17: ES in huge triangle
(01:47 PM) Tom_B: Hrdest thing abt ELL wve 4 me is u don't always know where u r until you've already been there :)
(01:47 PM) tippet: lower trendline of rising wedge on 15min
(01:47 PM) sb17: yes... i gotta see the direction first
(01:47 PM) all -: yes Dot
(01:48 PM) Dotcoza: THANX
(01:48 PM) sb17: the thing is...if it dumps, there might not be much room for getting on board
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(01:48 PM) Tom_B: Hwevr...if i had to flip a coin...abt this triangle...i'd still go with up..until proven otherwise
(01:48 PM) sb17: Tom..could be
(01:49 PM) sb17: little more sideways...this will make it better
(01:49 PM) ppusa: yea i swore i wasn't gonna short until i saw some real neg stuff
(01:50 PM) Tom_B: sometimes the hrdst thing to do is buy agnst the bot of it so if ur wrong u hve min risk vs waiting for teh upside & risk a fake
(01:50 PM) ppusa: 200 to sell at 05
(01:50 PM) ppusa: that helps
(01:50 PM) tippet: looking to break lower trendline of rising wedge here
(01:50 PM) Tom_B: I'm not able to do that yet
(01:52 PM) tippet: crack
(01:52 PM) ppusa: who's your daddy
(01:53 PM) qatwo: breaking 15m20
(01:53 PM) ppusa: i am out for now which means the tank is coming
(01:53 PM) Tom_B: nice call pp
(01:54 PM) ppusa: thanks
(01:54 PM) ppusa: you know what helped me a lot was the 15 minute doji
(01:54 PM) ppusa: i like to see those
(01:54 PM) ppusa: also your smax sell
(01:54 PM) Daniel X: well here comes that 94 test ..close enuff
(01:54 PM) ppusa: same thing
(01:55 PM) ppusa: there's a reasonable chance to expect that high to last for a few days
(01:55 PM) ppusa: support is here
(01:55 PM) ppusa: go through the low goes, then we have 4 up days...etc. etc. so that may be a major cycle high
(01:56 PM) Daniel X: well like thought no new high without a 34 test so now we'll see
(01:56 PM) Daniel X: 94 sorry
(01:57 PM) Daniel X: nice higher low long trap ..the SOBs
(01:58 PM) Plutonium: Make 50% commission on each sale www.waysofliving.com
(01:58 PM) ppusa: i shold be short and adding i wzant you all to know
(02:00 PM) Tom_B: agree on shrt
(02:00 PM) ppusa: 50 bar ma on 15 here
(02:00 PM) Tom_B: 94.5
(02:00 PM) Daniel X: cut 1/2 at 95
(02:00 PM) ppusa: based on PnF that was not a scalp but a play for a major move/
(02:00 PM) tippet: at the uptrendline off the 8th - cracking
(02:01 PM) Daniel X: 90 support
(02:01 PM) ppusa: Dan were you long this am?
(02:01 PM) Tom_B: if it takes out 88...i'm adding
(02:01 PM) Daniel X: nope
(02:01 PM) Daniel X: well ys
(02:01 PM) Daniel X: short long then short
(02:02 PM) Daniel X: news?
(02:02 PM) ppusa: can we change the rating of this room for a minute while i vent?
(02:02 PM) sb17: i hate these
(02:02 PM) Tom_B: This cud get vry int
(02:02 PM) Daniel X: i cut half my posirtio short
(02:03 PM) ppusa: at least i feel good about selling my q's
(02:03 PM) Daniel X: 89 fair value bounce
(02:03 PM) ppusa: you know in hindsight i am going to give you the "that was a no brainer trade"
(02:03 PM) Daniel X: ;-)
(02:04 PM) Daniel X: we saw it from this morning
(02:04 PM) Tom_B: Watch 88
(02:05 PM) Daniel X: stop@92
(02:05 PM) Daniel X: he he
(02:05 PM) Tom_B: grrr
(02:05 PM) Daniel X: buddy your entries are excellent if you're scare..take b/e at worst
(02:06 PM) Daniel X: out
(02:06 PM) Daniel X: my entries are always after yours
(02:06 PM) Daniel X: i get in late but hold longer
(02:06 PM) Tom_B: out
(02:07 PM) Tom_B: I did not take the shrt until WAY late
(02:07 PM) Daniel X: from?
(02:07 PM) ppusa: brb in a little bit
(02:07 PM) Tom_B: if it takes 88 i will seel
(02:07 PM) Tom_B: too embarassed to tell :(
(02:08 PM) Daniel X: i couldn't resist the 98.50 sell
(02:08 PM) Tom_B: BTW this cud be a great lng hre
(02:08 PM) Daniel X: lousy entry..market
(02:08 PM) ppusa: why 98.5?
(02:09 PM) ppusa: breakof 1500?
(02:09 PM) tomsurf: TomB, ah just say ya got in for a dog pile trade
(02:09 PM) ppusa: DAN
(02:09 PM) Tom_B: y, lat one in da pile
(02:10 PM) Tom_B: must watch 88... cud be great buy or avelanche
(02:10 PM) ppusa: better on the nose to be on top[
(02:10 PM) ppusa: PnF says 80 minimum
(02:10 PM) ugabriel: HI ALLLLLLLL
(02:11 PM) Tom_B: lng
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(02:11 PM) ugabriel: NAZ NOW AT 1857
(02:11 PM) cctraderx: which way PP
(02:11 PM) Tom_B: 90.5
(02:11 PM) tippet: ah believe we have a gap to fill from yest
(02:11 PM) ppusa: 80 minimum then we have the potential for an outside down day
(02:12 PM) Daniel X: sorry PP i have my 2 children with me and they're both sick had to step away a bit...whats up?
(02:12 PM) Tom_B: this is a retr play
(02:13 PM) Daniel X: aww phone ..1 sec
(02:13 PM) hanksterr: 1500 162 fib fwiw on 60 min nq
(02:14 PM) Daniel X: my dfeeble brain saw a short retest of 94 from the 1512 high and i waited untill 1500 broke
(02:15 PM) ppusa: i don't think the markets are so wildly overbought that an outside down day is possible but if ithappened it wold really put them on the defensive
(02:15 PM) ppusa: okay 1500 thanks...figured that was it
(02:15 PM) all -: thanx hanks
(02:15 PM) ppusa: knew you could only handle the easy stuff haha
(02:15 PM) Tom_B: tnx hnk..
(02:16 PM) Tom_B: if tks out 88 i rev
(02:16 PM) Daniel X: yes thats exactly it PP no lie
(02:16 PM) Daniel X: very cobservative
(02:16 PM) Daniel X: conservative
(02:16 PM) ppusa: i make fun in envy
(02:16 PM) ppusa: you have been doing well...keep it up
(02:16 PM) hanksterr: 262 fib is 1126.5 on es 60
(02:16 PM) ppusa: only time i will say that so write it down
(02:17 PM) ppusa: 65 point retracement from today's high is 62%
(02:18 PM) Daniel X: but soon i will be bugging you to show me how you and TOm get show ballsy short and longs from top and bottoms...but i will hold lol
(02:18 PM) ppusa: 1447
(02:18 PM) Daniel X: that has words missing..
(02:19 PM) Daniel X: my kids are keeping me busy
(02:19 PM) ppusa: 1505 was 62% retracement from last swing on daily to recent low
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(02:19 PM) Daniel X: brb
(02:19 PM) Tom_B: REVrs, shrt
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(02:20 PM) Tom_B: 87.5
(02:21 PM) tippet: thru 20ema60 like buttah
(02:22 PM) tippet: retest of the trendline off the 1/09 high from above coming
(02:22 PM) ppusa: to buy or not to buy
(02:22 PM) ppusa: outside down day or?
(02:22 PM) Tom_B: 74-75 supp ?
(02:23 PM) Tom_B: I'm hldng shrt esp if 74 goes will add
(02:25 PM) ppusa: i bot back
(02:25 PM) ppusa: q's
(02:25 PM) ppusa: great trade today so whatever
(02:25 PM) ppusa: probably out soon
(02:26 PM) Tom_B: grrr
(02:26 PM) ppusa: now if i could do that with the futures
(02:26 PM) Daniel X: but you can!
(02:27 PM) Daniel X: just trade 1 contract then no?
(02:27 PM) ppusa: as soon as i get my confidence back and some $$$ in the account
(02:27 PM) ppusa: you won't believe this but sitting here burning cd's helps because i wait for the setups
(02:27 PM) Tom_B: Maybe i shd try that..
(02:28 PM) Daniel X: it's not like you're calling them wrong..or have no one to colaborater with...so...
(02:28 PM) ppusa: it's the ones i don't call
(02:28 PM) Tom_B: hve a 1450-1 trgt...don't know if today
(02:28 PM) Daniel X: can't get em all
(02:28 PM) ppusa: and decide to trade
(02:28 PM) Tom_B: going to add soon
(02:29 PM) ppusa: the bad setups
(02:29 PM) Daniel X: ah i see
(02:29 PM) ppusa: baack to trading
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(02:29 PM) ppusa: we b oversold
(02:29 PM) ppusa: might be a good time to get flat and celebrate
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(02:30 PM) ppusa: this market could turn back up although i doubt it
(02:30 PM) ppusa: anyone short from the high i could see staying short but anyone else should probably be in scalp mode
(02:40 PM) ppusa: gimmie 5 waves up
(02:41 PM) ppusa: this sell off is perfect PnF retracement
(02:41 PM) ppusa: my PnF is very happy
(02:42 PM) Tom_B: shrt
(02:46 PM) Tom_B: unfortunately early..but will give a little time
(02:47 PM) Tom_B: out
(02:49 PM) ppusa: sold the q's again
(02:49 PM) ppusa: flat
(02:49 PM) pete77_1: Dell earnings after close
(02:49 PM) ppusa: i only see 1-2-3 but whatever
(02:51 PM) ppusa: anyone think this willmake a new high?
(02:51 PM) Tom_B: pp, thnk this is still a shrt ?
(02:51 PM) ppusa: longer term PnF says it could turn around and go back up
(02:51 PM) ppusa: not really willing to risk it Tom
(02:52 PM) ppusa: how is that for an answer
(02:52 PM) ppusa: i said cover down there and done
(02:52 PM) ppusa: i will give reasons pro and con
(02:53 PM) Tom_B: i've got a mixed bag hre
(02:53 PM) ppusa: short - daily 4 days up, hit 20 ma , has small gap, needs 62% retracement...could use a 50 point reversal although not required
(02:54 PM) all -: nice pender
(02:54 PM) Tom_B: Res rite abt hre maybe a touch higher
(02:54 PM) pender: If only I'd taken them
(02:54 PM) ppusa: so taht's what i am looking at
(02:56 PM) Tom_B: shrt
(02:56 PM) ppusa: be nimble tom
(02:57 PM) ppusa: only an hour left
(02:58 PM) Tom_B: if it's goign lower (?) then this is a W:4 retrace otherwise this correction & dwnside ovr...got to play it
(02:59 PM) ppusa: i see it
(02:59 PM) Tom_B: Got a 1450-1 potential trgt so for a few pts good r/r
(02:59 PM) ppusa: hour chart is with you...
(02:59 PM) ppusa: i don't know about the force though?
(02:59 PM) pete77_1: shrt
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(03:00 PM) Tom_B: me neither :)...whr's Dan ..need sme selling :)
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(03:00 PM) ppusa: hey this last bounce topped at the 20 bar ma on the 5...wake up Mr. Tippet!!!!!!!!!
(03:01 PM) ppusa: Mr. Tippet is the 20 bar ma man
(03:02 PM) Tom_B: new lo wud make me vry hppy
(03:02 PM) tippet: sorry dogs in need of TLC
(03:03 PM) ppusa: i think he was asleep
(03:03 PM) tippet: nice short Tom hit that 20ema5 boink
(03:03 PM) Tom_B: tnx Tipp, prob hre is a # of ind say not enough fuel in the tank
(03:03 PM) ppusa: put a cork in it Tippet!!!!!...admit you were asleep
(03:04 PM) ppusa: sure glad i sold the q's
(03:04 PM) ppusa: went with my own call for once
(03:04 PM) Tom_B: 74 nxt big #
(03:04 PM) p_8: es new lod
(03:05 PM) tippet: listen cd boy who said max pain on qqq's was 37.5 and hi of day on qqq's is????
(03:05 PM) Tom_B: will add under 74
(03:05 PM) ppusa: if this is a wave 5 doyou really want to add?
(03:06 PM) ppusa: just bought q's again
(03:06 PM) Tom_B: This is a W:3 dwn or a C:4 soooo
(03:06 PM) Tom_B: or 3:A don't know
(03:07 PM) tomsurf: fi ES 1113 gets a solid break....it all may be over
(03:07 PM) Tom_B: Hwevr wat's imp't to me is it appears to be a 5:# or a 3:3
(03:08 PM) Tom_B: darn that 74
(03:09 PM) Tom_B: prob wit this is trying to hld a position & letting it get away frm u
(03:10 PM) ppusa: hey i have right here as return to broken trendline on hour chart
(03:10 PM) tippet: 3min smax buy diver?
(03:10 PM) ppusa: 5 minute divergence too but may go lower
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(03:10 PM) Tom_B: y, i'm out
(03:11 PM) ppusa: but WARNING... trendline hit
(03:11 PM) tippet: broken 60min trendline i have lower
(03:11 PM) ppusa: i have here...how much lower???
(03:12 PM) tippet: 70ish
(03:12 PM) pete77_1: out at 80 +5
(03:12 PM) ppusa: also 50 bar ma here 60 minute all sessions
(03:12 PM) tippet: 72 is 38% retrace todays hi and2/08 lo
(03:12 PM) Tom_B: nice trd pete
(03:12 PM) ppusa: tippet 70 ,,, 73,4 no big deal
(03:13 PM) ppusa: gap low 72.5
(03:13 PM) tippet: bottom line that gap is holding
Tom_B: i've got to ttmar more
Tom_B: esp at my #'s
tomsurf: TomB, maybe that sudden move is gonna take a while to digest
Tom_B: This si still a sell
(03:15 PM) ppusa: Tom must adapt mindseet to individual trades
(03:15 PM) Tom_B: imho...will still lk at it & 50 trgt
(03:15 PM) ppusa: i repeat....anytime you go for the high or the low you should stick in trade
(03:16 PM) ppusa: anytime you trade away from the highs and lows, scalp
(03:16 PM) Tom_B: sell hre t me
(03:17 PM) ppusa: what do you think tomorrow's high is going to be?
(03:17 PM) tomsurf: miko has been bounced from the group
(03:17 PM) Tom_B: No idea just shrt NOW
(03:17 PM) sb17: Sounds like he needed to get something off his chest
(03:17 PM) sb17: lol
(03:18 PM) ppusa: was someone saying something?
(03:18 PM) ppusa: i didn't hear anything
(03:18 PM) tippet: es poke uptrednline
(03:22 PM) Tom_B: let's go with the 74 all ready
(03:22 PM) ppusa: brb
(03:25 PM) tippet: es holding
(03:27 PM) tippet: hit 38% retrace from 2/08 lows on button and broken trnline
(03:27 PM) Tom_B: out
(03:28 PM) Tom_B: might not be done but need to ring register
(03:29 PM) dave_b_quik: good way to put it
(03:29 PM) Tom_B: also dbq, no follow thru after imp't #
(03:30 PM) scorp: raz not here today?
(03:31 PM) Tom_B: Gotto get my exits btr...dah
(03:32 PM) Tom_B: Right now...a trde i'm not tkng is to sell this retr
(03:33 PM) tippet: nice buy diver on 3 min and 5
(03:34 PM) Tom_B: I might be the only one but thnk we cud clunk
(03:36 PM) ppusa: still no higher low yet but looking like one due
(03:36 PM) ppusa: napping until close
(03:36 PM) Tom_B: me too, done 4 day..need to learn hw to exit...:)
(03:40 PM) tippet: have 20ema5 at 83
(03:40 PM) scorp: lol, i need to learn how to enter and exit
(03:40 PM) Tom_B: You or me ?
(03:40 PM) scorp: me!
(03:41 PM) Tom_B: ME too...sure wud help !!
(03:41 PM) ppusa: well come on guys
(03:41 PM) Tom_B: other than that , this is easy..right ?
(03:41 PM) ppusa: what did you expect for the low?
(03:42 PM) ppusa: 1350?
(03:42 PM) ppusa: once the majority of the range isin it's chop city
(03:42 PM) Tom_B: I was rooting for 1450
(03:43 PM) ppusa: well truth be told i understand but thought unlikely
(03:43 PM) ppusa: which is why i went L O N G
(03:43 PM) ppusa: and i would like to know if i shold fold or hold
(03:43 PM) Tom_B: Don't hve a clue
(03:44 PM) Tom_B: Listen TO the Force Luke
(03:44 PM) ppusa: i have seen these situations do 180's but have serious doubts as to whether this will be one
(03:45 PM) Tom_B: hve res hre 80 - 84 but nobody else agreed so it must be wrong
(03:45 PM) tippet: ema sandwich resis here 20ema60,5 here
(03:46 PM) ppusa: hit the sell button
(03:46 PM) jimbo_320: eveing all
(03:47 PM) ppusa: shoot crappy fill
(03:48 PM) ppusa: so much for my nap
(03:48 PM) Tom_B: I'm in sell mode still so tomorrow prob will be selling
(03:48 PM) ppusa: i hope tom
(03:48 PM) ppusa: i am with ya
(03:49 PM) ppusa: those q traders hate me...
(03:49 PM) Tom_B: i hop e for a higher open to wrk agnst, so far
(03:50 PM) ppusa: i have been reaming them for 2 weeks
(03:50 PM) ppusa: yes Tom or at least some tie during the day
(03:50 PM) ppusa: time
(03:50 PM) jimbo_320: evening everybody
(03:50 PM) Tom_B: hi jim
(03:50 PM) ppusa: which was why i asked you what you thought tomorrow's high might be
(03:51 PM) ppusa: hi jombo
(03:51 PM) jimbo_320: hi tom,
(03:51 PM) ppusa: jimbo
(03:51 PM) Tom_B: I'm not vry good at that until day starts to unfold
(03:51 PM) jimbo_320: ppusa at least not bimbo this time
(03:51 PM) Tom_B: right now only look to retracements
(03:51 PM) ppusa: because unless you figured there would be a collapse...selling the lows end of day is risky
(03:52 PM) Tom_B: which we're vry close to being at right hre
(03:52 PM) ppusa: risky business - strictly for cowboys
(03:52 PM) ppusa: and Tom Cruise
(03:52 PM) jimbo_320: hope did well got most of move down on es from 24 today - so happy as larry here
(03:53 PM) Tom_B: y... which is y i cvred sht whn no follw thru at 74
(03:53 PM) ppusa: who da is larry?
(03:53 PM) jimbo_320: larry is a metaphore
(03:53 PM) jimbo_320: from planet zug
(03:53 PM) ppusa: how much she charge?
(03:54 PM) ppusa: i metaho once in vetgas
(03:54 PM) Tom_B: BYE all, see u toomorrow
(03:54 PM) ppusa: bye
(03:54 PM) jimbo_320: really, dont tell the wife then..
(03:55 PM) ppusa: yours? why she care who i meet?
(03:56 PM) ppusa: jimbo you still at trader's
(03:58 PM) jimbo_320: close over 10,000 today, pp y
(03:58 PM) jimbo_320: maybe bulls still in control ?
(03:58 PM) ppusa: no
(03:58 PM) ppusa: hitting nq and es a bit
(03:59 PM) ppusa: the bet is on
(03:59 PM) tippet: bears will keep close under 10k
(03:59 PM) ppusa: some bozo will buy a share of ge for 3000 dollars and bump it up
(03:59 PM) Tom_B: look at NAZ
(04:00 PM) ppusa: i feel like forest gump for getting out
(04:00 PM) Tom_B: gotta like da shrt side...came bk to see hw it's doing...
(04:01 PM) Tom_B: u were LONG, rite ?
(04:01 PM) ppusa: i have a PnF chart i wold love topost
(04:01 PM) p_8: 9r here?
(04:01 PM) ppusa: me tom
(04:01 PM) Tom_B: y
(04:01 PM) ppusa: bot and sold that bounce
(04:01 PM) ppusa: last bounce exited
(04:01 PM) Tom_B: right, did u rev ?
(04:01 PM) jimbo_320: 9825 is 50% for bears
(04:01 PM) ppusa: no just out
(04:02 PM) Tom_B: k
(04:02 PM) ppusa: thought about buying again here but didn't
(04:02 PM) ppusa: yet
(04:03 PM) ppusa: the number of days up says no buy
(04:03 PM) jimbo_320: 5 waves too
(04:03 PM) jimbo_320: abc
(04:03 PM) Tom_B: this last 15m swh might be vry impt...
(04:03 PM) scorp: AHHHHHHHHHHHHHH
(04:04 PM) Tom_B: scorp ?
(04:04 PM) ppusa: jimbo you got that bet 10002
(04:04 PM) ppusa: see you all tomorrow
(04:04 PM) Tom_B: bye
(04:08 PM) melody_60: hi all i need some information for traiding
(04:26 PM) dave_b_quik: would anybody be interested in another seminar with gooogle?
(04:26 PM) p_8: y dave
(04:27 PM) p_8: is she coming back?
(04:27 PM) scorp: lol
(04:28 PM) p_8: ?
(04:32 PM) dave_b_quik: she said she would be able to do a weekend session from time to time
(04:34 PM) google_2: hi
(04:35 PM) tk-15: HI
(04:35 PM) google_2: hope everyone is having a good day
(04:35 PM) tk-15: we missed you today, google
(04:36 PM) google_2: I'll be running a session on monday morning at 11am EST
(04:36 PM) google_2: if everyone is ok with it
(04:37 PM) google_2: pls. raise hand if interested
(04:37 PM) google_2: so I can prepare necessary material
(04:38 PM) tk-15: sounds great, google
(04:38 PM) hanksterr: hi google, have u had any dealings with Joe Di Napoli, saw him in Sarasota
(04:39 PM) google_2: I like his style, I've heard many good things about the oscillator formulas in his book
(04:39 PM) google_2: although I don't particularly use them
(04:40 PM) hanksterr: also ordered fisher book
(04:40 PM) google_2: great
(04:40 PM) google_2: you won't be disappointed
(04:41 PM) hanksterr: Di Napoli would deny it but he alluded to the group we could see 7000 dow based on fibs
(04:41 PM) hanksterr: I was very impressed with him
(04:41 PM) google_2: and he's a true gentleman too
(04:45 PM) google_2: ok I have to run
(04:45 PM) google_2: take care everyone
(04:45 PM) google_2: and see you on Monday
(04:45 PM) raz_62: cya
(04:45 PM) hanksterr: bye google