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WARNING: Any trades posted here are for educational purposes only. Don't take the trades
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sb17: retested it a short time later
(09:24 AM) sb17: it held
(09:25 AM) latkinso: It is the sample template in
ensign, correct?
(09:25 AM) sb17: this morning 1078 retested again...it
held
(09:25 AM) Buffy_04364: the one
obtained through ensign internet services is
(09:25 AM) sb17: ES globex high 1084
(09:25 AM) Buffy_04364: let me
qualify last I knew
(09:25 AM) tippet: sb no volume on
this ah nq bounce ... watching for short
(09:26 AM) BrainStorm: morning all...time flies when
messing with indicators almost late !
(09:26 AM) sb17: have no idea what NQ is doing
(09:26 AM) sb17: volume doesn't matter in globex
(09:27 AM) Buffy_04364: can draw a
triangle on the 133T too
(09:27 AM) tippet: is the rumor
true that Abbey is bearish now ..calling for a retest....
(09:27 AM) sb17: ES 13 min chart 5ema < 15ema but 5
pointing up
(09:27 AM) Buffy_04364: hadn't
heard that one tippet
(09:27 AM) dave_b_quik: g'morning
traders
(09:28 AM) Buffy_04364: hi dave
(09:28 AM) Tom_B: G'M
(09:28 AM) tomsurf: morning dave
(09:28 AM) tippet: heard it at Don
Sews chat last night...
(09:28 AM) Buffy_04364: for all who
where not here this link goes to pyra with numbers on the lines so you have it for the day
if I am not at machine
(09:28 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/Buffy-4m_Pyra10.gif
(09:29 AM) tomsurf: tip-,
lol....was wondering if CNBC would parade her on to help prop up the market, lol
(09:30 AM) Tom_B: Trgt 30-36
(09:30 AM) ppusa: PnF usual pattern says unlikely to
gete above the current HOD until a low is in..
(09:30 AM) sb17: and they'e off
(09:30 AM) Tom_B: res 52-55
(09:30 AM) sb17: ES low retest expected
(09:30 AM) Tom_B: 64 run
(09:34 AM) tippet: SOX up alitle to
the 20ema5
(09:35 AM) Tom_B: hldng shrt
(09:35 AM) prakso3: anyone of you having problems with
e-signal datafeed this morning??
(09:35 AM) Buffy_04364: none here
(09:35 AM) dave_b_quik: yesterday i
had to contact esignal and get them to turn GLOBEX back on
(09:35 AM) p_8: nq #f is not
working well, nq h2 is OK
(09:36 AM) Buffy_04364: 1330 is bos
not showing on url
(09:36 AM) ppusa: es bounce
(09:36 AM) tippet: SOX repelled by
20ema5
(09:36 AM) Buffy_04364: esignal
said a problem with it on si pp
(09:37 AM) tippet: lil buy diver nq
5min? rsi
(09:37 AM) Tom_B: out
(09:37 AM) Tom_B: +2
(09:38 AM) BrainStorm: flat too +3 and +4.5
(09:38 AM) Tom_B: I'm SOOOO slow
(09:38 AM) BrainStorm: I have very little faith in
these java platforms..compared to the equity ones like realtick and cyber
(09:39 AM) BrainStorm: funnily enough I get better
fills when its wild
(09:40 AM) Tom_B: res rt hre
(09:40 AM) ppusa: PnF is nicely
oversold...looking for some indication it's safe to buy?
(09:40 AM) Buffy_04364: none here
pp
(09:40 AM) ppusa: SP bouncing
nicely
(09:40 AM) Buffy_04364: maybe if
goes through tos
(09:41 AM) ppusa: probably just
retracement
(09:41 AM) Tom_B: Getting fish ready
(09:41 AM) ppusa: i think the HOD
is in so i don't know about PnF
(09:42 AM) ppusa: so i have to be
wrong about one or the other
(09:43 AM) Tom_B: I shd write a book, "Anatomy of
A Trade, Gone Bad"
(09:43 AM) Buffy_04364: ggood title
tom
(09:43 AM) Tom_B: lol
(09:44 AM) ppusa: went long and out
(09:44 AM) ppusa: looks good
(09:45 AM) ppusa: i would like to
see the market trade in a range for several months
(09:45 AM) ppusa: this could
explain what may happen next
(09:46 AM) Buffy_04364: as long as
big enough range pp
(09:46 AM) ppusa: 1350 to 1550 area
(09:47 AM) ppusa: anyway for today
if all the PnF are going to reverse the low should be in
(09:47 AM) scorp: exactly buffy
(09:47 AM) tippet: 50% lleg
(09:47 AM) scorp: range is good as long as its a
big fat range
(09:49 AM) tippet: 20mea5
(09:49 AM) scorp: i got long 1344, took +1.5 on the
trade; oy
(09:49 AM) tippet: also 79% lleg
(09:49 AM) tomsurf: 1358 NQ globex
high ES was 1084
(09:51 AM) ppusa: if nq gets above
64 i think that would be very positive
(09:52 AM) Buffy_04364: or it could
be the head on a 4m pp
(09:52 AM) ppusa: 64 is low from a
few days ago
(09:52 AM) tomsurf: Daily pivot is
1086.5 ES and 1366 NQ
(09:52 AM) Buffy_04364: tks tom
(09:53 AM) paul_441: does anyone have a
recommendation to a broker offering the Best Online trading platform?
(09:54 AM) Buffy_04364: www.pfgbest.com
(09:54 AM) Buffy_04364: that is
what I use
(09:54 AM) Buffy_04364: more than
ib but answer the phone
(09:54 AM) paul_441: what is their commission?
(09:54 AM) Buffy_04364: 10
(09:55 AM) paul_441: any one i should contact?
(09:57 AM) oddplayer: I use J-Trader, works
good...thats the platform thru an IB $8
(09:58 AM) ppusa: well so far
market hasn't got above 64
(09:58 AM) paul_441: With ib...is there more than one
platform or is it just J-Trader?
(09:58 AM) tippet: invert h on nq
poss rt shoulder forming now
(09:58 AM) tomsurf: tip- lol, was
just seeing same
(09:59 AM) sb17: ES almost reached globex high
(09:59 AM) tomsurf: inverted
H&S on ES too
(09:59 AM) tippet: i m pres short
and making up for earlier bad short but we'll see
(09:59 AM) tomsurf: possible
forming that is
(09:59 AM) oddplayer: bounced off resistance of
late yesterday retrace
(10:00 AM) oddplayer: probably let it sell down for
long entry
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(10:01 AM) tomsurf: if inverted
H&S plays out??? then 1380 target
(10:01 AM) ppusa: my feeling is if
this doesn't make a new high it will be down all day
(10:01 AM) oddplayer: cannontrading has a number of
different platforms you can use
(10:02 AM) tippet: neckline repel
(10:03 AM) BrainStorm: not sure wether to play for chop
or a morning trend
(10:04 AM) tippet: SOX at prev
afternoon resis
(10:04 AM) oddplayer: I am not looking for a
trend.....
(10:04 AM) tippet: still stalking
inv h&s
(10:04 AM) oddplayer: hoping for a trading range to
set up
(10:04 AM) Buffy_04364: umbrella on
1m
(10:04 AM) p_8: WR7 yesterday, so
we may have a choppy range day today
(10:04 AM) oddplayer: 1076-1083 is my hope, and
I'll work the long side
(10:05 AM) Buffy_04364: not as
reliable as on larger tf
(10:05 AM) Buffy_04364: but......
(10:05 AM) oddplayer: unless the bottom collapses
of course
(10:05 AM) ppusa: gonna take it
down...maybe late day turn arond
(10:06 AM) oddplayer: got a target?
(10:06 AM) Buffy_04364: conflickting
signals
(10:06 AM) ppusa: not here
(10:06 AM) ppusa: wherever the low
is
(10:06 AM) ppusa: 1300
(10:06 AM) oddplayer: this support is critical
(10:07 AM) tomsurf: TomB...have to
be on buddy list to repley ;-)
(10:08 AM) Tom_B: ok
(10:08 AM) Tom_B: done
(10:08 AM) oddplayer: come on, give me a 1077 as
entry
(10:09 AM) latkinso: How do you highlight on this chat?
(10:09 AM) Buffy_04364: no idea
(10:09 AM) latkinso: me either, lol
(10:10 AM) oddplayer: whats the question?
(10:10 AM) latkinso: how do you highlight a persons
incoming comments?
(10:12 AM) Buffy_04364: rally for
right shoulder? on 4M
(10:12 AM) Tom_B: This is the retrace that refreshens
(10:12 AM) ppusa: triangle
(10:14 AM) ppusa: es at HOD
(10:14 AM) paul_441: pp....i agree
(10:15 AM) Tom_B: aggress lng
(10:16 AM) Buffy_04364: 50ema
holding
(10:16 AM) tippet: es lil stronger
(10:16 AM) tippet: smax buy?
(10:17 AM) Tom_B: if we get ovr 64, 71 trgt ttmar, CT
TRde
(10:17 AM) ppusa: fakey?
(10:17 AM) tippet: long term chimp
ema flatttttt chop area
(10:18 AM) ppusa: es came off new
high rather quickly
(10:19 AM) Tom_B: 2.5 risk...definitely an agg CTrnd
trde
(10:19 AM) oddplayer: yeah, they're not suppsed to
go up there...they have a job to keep
(10:19 AM) Tom_B: imvho
(10:20 AM) tippet: poss bear flag
15min..right below trndline
(10:20 AM) Tom_B: tnx tipp
(10:22 AM) Tom_B: grrr
(10:22 AM) tippet: LL?
(10:22 AM) Tom_B: missed me stp by .5, so far
(10:22 AM) Buffy_04364: coming to
neckline
(10:23 AM) oddplayer: a pearl necknace
(10:23 AM) Buffy_04364: now what
(10:23 AM) BrainStorm: pulled mine out tom and got
wiggled out :(
(10:23 AM) Buffy_04364: test of
high of day
(10:23 AM) BrainStorm: pulled up rather
(10:24 AM) ppusa: the hour chart
looks like nq could get an up hour next hour but might just then be a flag setup
(10:24 AM) oddplayer: maybe lunchbunch will buy it
up big
(10:25 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/Buffy-133T_TL1.gif
(10:25 AM) oddplayer: gotta walk my pup, brb
(10:26 AM) Tom_B: stp B/E
(10:26 AM) Tom_B: out
(10:27 AM) jimbo_320: good morning all
(10:27 AM) Buffy_04364: hi jimbo
(10:27 AM) Tom_B: hi Jim
(10:27 AM) BrainStorm: hey jimbo
(10:28 AM) Tom_B: shrt
(10:28 AM) oddplayer: flat 0 trades
(10:30 AM) ppusa: possibly a new
high coming up based on hour chart
(10:30 AM) ppusa: i went short but
flat
(10:31 AM) ppusa: keep tight stops
on shorts
(10:31 AM) BrainStorm: good call Tom
(10:31 AM) Buffy_04364: M top on 1M
(10:31 AM) Buffy_04364: they are pp
(10:32 AM) paul_441: edge of triangle now
(10:32 AM) Tom_B: must watch 4 bot of tri, ttmar /
(10:32 AM) Buffy_04364: already
below TL I posted
(10:32 AM) ppusa: my feeling is if
it goes down from here it will come back or if it goes up first will be down later
(10:33 AM) Buffy_04364: flat
(10:33 AM) Buffy_04364: what tf tom
(10:34 AM) tippet: tri brk
(10:34 AM) ppusa: es still holding
an upchannel
(10:35 AM) Tom_B: out +5.5
(10:35 AM) Tom_B: 1m
(10:35 AM) ppusa: choppy and could
stay like this
(10:35 AM) Tom_B: If 1 had 2lot wud cash 1 hre &
B/E second
(10:36 AM) BrainStorm: good play Tom what are you using
for entries ?
(10:36 AM) ppusa: Buffy you said
inside day maybe and what i am sayiing is somewhat similar.........lots of sideways
(10:36 AM) Buffy_04364: tagging TL
(10:36 AM) Buffy_04364: true pp
(10:36 AM) Tom_B: I shd still be shrt but am afraid of
triangle
(10:36 AM) tippet: kissback
(10:36 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/Buffy-133T_TL2.gif
(10:36 AM) Buffy_04364: same one
tippet?
(10:37 AM) Tom_B: shrt
(10:37 AM) tippet: watching spx if
it gives up we should get weaknesss
(10:38 AM) tippet: yes buffy
(10:38 AM) tippet: es breaks
trdnlin
(10:38 AM) Tom_B: shrt 48, dah, stp b/e
(10:39 AM) jimbo_320: chart of 1083.75
short
(10:39 AM) jimbo_320: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/autotrader1.gif
(10:39 AM) ppusa: several things i
am looking at suggest lots of sideways......big butterfly
(10:40 AM) tippet: time frame?
(10:40 AM) ppusa: 1 min
(10:40 AM) jimbo_320: thats what a love
a screen of RED .. yeeha
(10:40 AM) Buffy_04364: bline below
20 on everything inc 133T not 3m though
(10:40 AM) Tom_B: Hve trgt 32-7
(10:41 AM) Buffy_04364: 1330.83 is
bos
(10:41 AM) Buffy_04364: 1338 bos
tagging it now
(10:41 AM) Tom_B: thn agn, might put it on auto pilot
& trail :) ?
(10:41 AM) ppusa: 6 point looking
for a bounce
(10:41 AM) jimbo_320: covered 1
(10:42 AM) tippet: some little kid
trying to pullbutterflies right wing off
(10:42 AM) oddplayer: I'm short
(10:42 AM) jimbo_320: 9800 first dow
target
(10:42 AM) Tom_B: out
(10:42 AM) ppusa: that's a first
for Tom
(10:43 AM) tomsurf: nice TomB
(10:43 AM) Tom_B: Kiss my petunia :)
(10:43 AM) Buffy_04364: bear flag?
(10:43 AM) ppusa: when did you
start buying low?
(10:43 AM) BrainStorm: 3rd spot on today by my rekoning
(10:43 AM) Tom_B: + 11.5
(10:43 AM) ppusa: nice
(10:44 AM) Tom_B: Hit my trgt frm yest...must see
now...running out of trgts :)
(10:44 AM) ppusa: lotta down hours
on hour chart
(10:44 AM) tomsurf: 1327 is S1
(10:45 AM) ppusa: not looking for a
turn around but i wonder how that will get resolved
(10:45 AM) Tom_B: Tom my #'s are projected a little
diff bt close 1322-23
(10:45 AM) tomsurf: ES holding
critical level so far
(10:46 AM) ppusa: you know everyone
will short all the way up to a new high...maybe this was needed to change the psychology
(10:46 AM) Tom_B: a "bottom picker" likee pp
is prob thinkng this is "the"spot :)
(10:46 AM) ppusa: yea i am thinking
a little more down
(10:46 AM) tomsurf: TomB-
yes...just put it out there to see if diff. numbers are in similar area ;-)
(10:46 AM) S and P: careful possible big down side
breakout here !!
(10:46 AM) S and P: later guys
(10:47 AM) Buffy_04364: trading
like a flag
(10:47 AM) tomsurf: S and P...hang
for awhile
(10:47 AM) BrainStorm: first fib at 1328
(10:47 AM) Tom_B: Maybe the autopilot trail stp wud be
a good idea :( darn 1 lots
(10:47 AM) jimbo_320: sp new lows
(10:48 AM) Tom_B: 32 low side of range..
(10:48 AM) jimbo_320: big vol on sell
side
(10:48 AM) tomsurf: sox- new LOD
(10:49 AM) jimbo_320: coming up on the
500 tom
(10:49 AM) Buffy_04364: tagged bos
(10:49 AM) oddplayer: if it goes....it blows
(10:49 AM) Buffy_04364: 1323.54
next bos
(10:50 AM) Buffy_04364: 1327.19
diag x
(10:50 AM) ppusa: about to go long
(10:50 AM) Tom_B: not taken, stirred
(10:51 AM) Tom_B: let the cowboys cash in
(10:51 AM) ppusa: PnF looks great
here for long but i am tired this am
(10:52 AM) ppusa: trend to steep
down right now
(10:52 AM) ppusa: but i am looking
(10:52 AM) Tom_B: pp imvho...besides hi risk...if this
retrace hlds hre little pop
(10:53 AM) ppusa: yes but i am also
wondering if this will turn around based on what i see
(10:53 AM) oddplayer: it responded 2 days ago
(10:53 AM) Tom_B: or btr...nvr can tell with btm
pickng, at least i can't
(10:53 AM) oddplayer: wouldn't bet on today
(10:54 AM) ppusa: for example an up
hour in here would mean a new high so it's either not gonna happen or the market will turn
(10:54 AM) tomsurf: always find it
interesting that on what could be a big day, at least important that LBR is doesn't have
an SP chart up, lol
(10:54 AM) Tom_B: contrary ind ?
(10:55 AM) tomsurf: ???
(10:55 AM) Tom_B: 32 area was my trgt...who knows if
it's worth the ...its written on
(10:56 AM) ppusa: i try to come up
with a scenario that will make all the charts happy
(10:56 AM) ppusa: hour chart could
be 3 pushes
(10:56 AM) tomsurf: this last push
down looks like 2push on the 15min chart
(10:56 AM) Tom_B: Thnkng a set up coming for a reas
retr ..scalp
(10:57 AM) ppusa: i am gonna take a
quick nap and see if this rounds and holds
(10:57 AM) jimbo_320: coming up on dow
20ema
(10:57 AM) oddplayer: sellers took down tuesday at
lunch before the rally off lows
(10:58 AM) oddplayer: or was it wednesday
(10:58 AM) sb17: BLine is great...i'm slow..at the
moment...but i'll get faster
(10:58 AM) jimbo_320: 30s holding
trendline
(10:58 AM) Tom_B: sb, join da club, i'm always chasing
da train
(10:59 AM) scorp: i just called IB, they are so
unfriendly
(10:59 AM) ppusa: so far i think
this is only retracement but keep my other thoughts in mind
(10:59 AM) sb17: new system always takes me a little
time
(10:59 AM) tomsurf: heck, I feel
like the cabose sometimes
(10:59 AM) jimbo_320: +green vol
(10:59 AM) Tom_B: sb glad u hve an xcuse...i hvn't
figured a good one out yet :)
(11:00 AM) sb17: got in TOO early at the open...lost a
little...needed to wait for BLine to show its hand
(11:00 AM) lionsss: what tf sb?
(11:00 AM) tomsurf: TomB, lol
(11:00 AM) Buffy_04364: tagging 50
3ma on 133T
(11:00 AM) scorp: sb, Bline with ES? what
timeframes?
(11:00 AM) Tom_B: Coming to quick shrt scalp area,
ttmar
(11:00 AM) jimbo_320: dow 20ema5
(11:01 AM) sb17: need a retest here
(11:01 AM) scorp: from what i have seen, Bline is
not as clear with ES as it is with NQ
(11:01 AM) jimbo_320: vol surge
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(11:01 AM) sb17: Bline very clear with ES today
(11:02 AM) scorp: yeah, ES 1M Bline does look good
(11:03 AM) Buffy_04364: testing
this tl now - price above it and pulled back
(11:03 AM) sb17: on ES I'm writing down my own little
rules that aren't in the Buffy instructions
(11:03 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/Buffy-133T_TL3.gif
(11:03 AM) sb17: Such as how to separate a great trade
from a good one
(11:03 AM) Buffy_04364: maybe you
can share what you have come up with for es
(11:03 AM) Buffy_04364: :-)
(11:03 AM) Buffy_04364: sounds good
(11:04 AM) tomsurf: sb- all righty
;-)
(11:04 AM) jimbo_320: end of retrace ? http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/autotrader3.gif
(11:04 AM) tippet: hit 50%
(11:05 AM) Tom_B: lng 41.5
(11:05 AM) sb17: just got one
(11:06 AM) sb17: yes....
(11:06 AM) sb17: love the bline...and stop entry
(11:07 AM) tippet: 20ema5 on bothe
nq and es
(11:08 AM) Tom_B: out
(11:08 AM) Tom_B: 43.5
(11:09 AM) Tom_B: i'm chicken but it hld 37 on retr
which was top of band so i went lng...just vry SLOW thought 47 reas trgt..
(11:11 AM) Tom_B: anybody counting hmps on 1m i see 2nd
hmp on that hih
(11:11 AM) jimbo_320: volume dry up
(11:11 AM) Buffy_04364: it is there
(11:12 AM) Tom_B: grrr
(11:12 AM) Buffy_04364: depends on
what you count also
(11:12 AM) Buffy_04364: tl is
broken
(11:13 AM) Buffy_04364: plus RO4
and wedge on 55T
(11:13 AM) sb17: I'm using the note feature on Ensign
for the first time today...want to keep track of ideas
(11:14 AM) Tom_B: tnx Buff..so much to watch :)
(11:14 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/Buffy-133T_TL4.gif
(11:14 AM) jimbo_320: mom leaving chop
time?
(11:14 AM) Buffy_04364: that isn't
a 133T it is a 55T
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(11:15 AM) Buffy_04364: that is why
we are a team tom :-)
(11:16 AM) Buffy_04364: lower high
(11:16 AM) jimbo_320: bbl
(11:16 AM) Tom_B: Maybe da scalpers will come out of da
wdwrk now & shw & tell :)
(11:16 AM) Buffy_04364: not easy in
here
(11:16 AM) Buffy_04364: conflicting
signals again
(11:17 AM) Tom_B: y,
(11:18 AM) Tom_B: I thnk bot might be in for NOW but
might just chop
(11:19 AM) Buffy_04364: test of
last swing high
(11:20 AM) tippet: trying to post
chart of huge falling wedge on nq#f todays high is under the lower wedge line ... (hod in
place?)
(11:21 AM) Buffy_04364: hmmm first
one had # in it so won't work
(11:21 AM) Buffy_04364: waiting to
see if second try works
(11:21 AM) tippet: second one?
(11:21 AM) paul_441: Buffy..do you have a contact
at pfg that i could call?
(11:21 AM) Buffy_04364: yes nqf
falling
(11:21 AM) Buffy_04364: instead of
nq#f falling
(11:22 AM) tippet: 62% 49
(11:22 AM) tippet: 20ema5
and200ema1 here
(11:23 AM) ppusa: i am back
(11:23 AM) ppusa: autographs
anyone?
(11:23 AM) tippet: RO 4 on 5min off
13:25 yest
(11:24 AM) scorp: ppusa!
(11:24 AM) tippet: anyone else see
it
(11:24 AM) dave_b_quik: i fixed it,
tippet
(11:24 AM) ppusa: i noticed Mr. Petunia
went long........didn't like the bottom so had to try it here
(11:24 AM) tippet: thanks dave what
did i do wrong
(11:25 AM) Tom_B: shrt
(11:25 AM) dave_b_quik: the # sign
(11:25 AM) dave_b_quik: the 2nd one
was just a name with no chart, so i deleted that and changed the name on the one that
worked
(11:25 AM) ppusa: lots of retracement i
think this is setting up for an hour with a higher high
(11:26 AM) tippet: thanks
(11:26 AM) tippet: have the rule of
4 plus buy diver on 5min nq ?
(11:27 AM) ppusa: i like long
(11:27 AM) ppusa: i liked it better
lower but the hour chart
(11:28 AM) Tom_B: out -4...first Bad trde of da day
(11:28 AM) tippet: chart posted on
RO4
(11:29 AM) Tom_B: thnk i jumped at top of retr
(11:29 AM) ppusa: lower high there
(11:29 AM) ppusa: here
(11:29 AM) tippet: RO4 vs humps up?
(11:29 AM) ppusa: watching SP
(11:30 AM) ppusa: about to break to
up????
(11:30 AM) ppusa: new high sp
(11:30 AM) ppusa: not daily high but
breaking out of this lower congestion
(11:30 AM) tippet: 1st crack
trndlne RO4
(11:30 AM) tippet: es 40ema5
(11:30 AM) p_8: trap?
(11:31 AM) ppusa: either this is the
end of the up or
Paltalk: Your friends are just a click away!
Press the invite button NOW!
(11:31 AM) tippet: 15 min bear flag
on the line here
(11:31 AM) ppusa: new hour just started
(11:32 AM) ppusa: 52.5 is previous hour
high
(11:32 AM) tippet: path of least
resis is??? would have to bet down if i were betting
(11:34 AM) scorp: we are near the mas
(11:34 AM) Buffy_04364: ib 4m
(11:34 AM) Tom_B: shrt 45
(11:35 AM) scorp: this is too messy to be playing
with; but i am short too
(11:35 AM) Tom_B: grrr
(11:35 AM) tippet: threw my hat in
as well
(11:36 AM) tippet: damn 144t still
holding ever so
(11:37 AM) p_8: chop zone?
(11:37 AM) scorp: buffy, you here?
(11:37 AM) Buffy_04364: right on
the 50 ema
(11:37 AM) Buffy_04364: and trapped
(11:37 AM) scorp: lol
(11:37 AM) ppusa: i am looking for a
long still from somewhere
(11:37 AM) scorp: is this a no trade area? in your
opinion?
(11:37 AM) tippet: gone
(11:37 AM) ppusa: yikes es jumping
again
(11:37 AM) Tom_B: out
(11:37 AM) tippet: careful
(11:38 AM) scorp: exactly, careful
(11:38 AM) Buffy_04364: range is
big enough but need to be real careful
(11:38 AM) scorp: i got lucky there
(11:38 AM) ppusa: nq is quite below 20
bar ma
(11:38 AM) ppusa: means oversold still
(11:38 AM) scorp: is that 1M, pp?
(11:38 AM) oddplayer: long the 5m 20ma
(11:38 AM) tippet: on 15? but now
over 20 and RO4
(11:38 AM) ppusa: 15
(11:38 AM) ppusa: sorry
(11:39 AM) ppusa: i am not ready to buy
but
(11:39 AM) tomsurf: odd- that ES?
(11:39 AM) oddplayer: yes
(11:39 AM) tomsurf: looks good
(11:40 AM) ppusa: i am not going to say
anymore about long.....said enough. watching
(11:41 AM) Tom_B: shrt
(11:42 AM) scorp: still, LS
(11:42 AM) scorp: on 2M NQ chart, is that a triple
divergence?
(11:42 AM) eblaster: hey, is this a free group?
(11:42 AM) Buffy_04364: don't have
2m up
(11:43 AM) Buffy_04364: yes
(11:43 AM) eblaster: wow
(11:43 AM) Buffy_04364: we only
type during the day
(11:43 AM) Buffy_04364: welcom
(11:43 AM) eblaster: thanks
(11:43 AM) scorp: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/scorp8.jpg
(11:44 AM) scorp: thats the chart for 2M
(11:44 AM) sb17: ES very nice up trend line...just
waiting to be broken
(11:44 AM) Tom_B: Stp B/e
(11:44 AM) Tom_B: out
(11:45 AM) Buffy_04364: sure looks
it scorp
(11:45 AM) Buffy_04364: nice charts
tippet
(11:45 AM) Tom_B: grrr
(11:46 AM) eblaster: everyone in here trade eminis?
(11:46 AM) dave_b_quik: y
(11:46 AM) eblaster: cool
(11:46 AM) Buffy_04364: we all do
both the nq and es
(11:46 AM) sb17: missed that divergence ES 1-min
(11:46 AM) tippet: still hshort
damn it die
(11:46 AM) sb17: need one more little bounce
(11:46 AM) eblaster: also, divergence on 15 min
(11:47 AM) Tom_B: esig data ?
(11:47 AM) sb17: i'm on esig
(11:47 AM) scorp: yehaw!
(11:47 AM) Tom_B: it belched
(11:48 AM) eblaster: usually will not retrace more than
5/8 from peak if valid, confirmation is a break of 82.5
(11:48 AM) scorp: now this is pod racing!
(11:48 AM) tippet: oiut
(11:49 AM) sb17: come on...need another bar or two
1-min on ES
(11:49 AM) Tom_B: Scalptro...not my thing :(
(11:49 AM) scorp: sb, you looking for a bline
bounce?
(11:50 AM) sb17: yep...short the bounce
(11:50 AM) sb17: on 1-min
(11:50 AM) jimbo_320: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/autotrader5.gif
(11:50 AM) sb17: oh yes...this might be very good
(11:50 AM) scorp: noon bunny hop, coming up
(11:50 AM) eblaster: so, i take it everyone uses
his/her own methodology
(11:50 AM) Buffy_04364: nice jimbo
(11:51 AM) Buffy_04364: yes and
contributes observations to the room
(11:51 AM) eblaster: no, "monitor" giving
siganls?
(11:51 AM) eblaster: k
(11:51 AM) tippet: es above the
20ema5
(11:51 AM) Buffy_04364: most hang
around to answer ?s after market closes
(11:51 AM) scorp: we are learning to trade together
(11:51 AM) eblaster: cool
(11:51 AM) Buffy_04364: the motto
of the room is to teach you to fish :-)
(11:51 AM) scorp: so we can rely on our own
"calls"
(11:52 AM) ppusa: i wanna catch a
whopper
(11:52 AM) eblaster: cool
(11:52 AM) eblaster: just found out about paltalk
(11:52 AM) scorp: i just don't want to be like
"The Old Man and the Sea"
(11:52 AM) sb17: there it is...79.50
(11:52 AM) sb17: a little tentative
(11:53 AM) Buffy_04364: in triangle
on 1M
(11:53 AM) scorp: 1M ES had an umbrella; nice
signal
(11:53 AM) eblaster: actually run a subscrption site,
and thinking of adding voice chat to it
(11:53 AM) Buffy_04364: :-) scorp
(11:53 AM) Tom_B: 42 supp
(11:53 AM) sb17: looking to exit
(11:54 AM) Tom_B: then 37
(11:54 AM) jimbo_320: head and
shoulders on es 30second
(11:54 AM) ppusa: nice spike on es
helped determine the actual time to go short
(11:54 AM) sb17: out
(11:54 AM) eblaster: don't want to offend anyone ;), or
take you out of game
(11:54 AM) sb17: didn't like that hesitation
(11:55 AM) sb17: now watch, it will head south
(11:55 AM) Tom_B: sb, nice ttmar
(11:55 AM) Tom_B: got supp hre
(11:55 AM) dave_b_quik: which site,
blaster?
(11:57 AM) eblaster: www.eminidaytrading.com
(11:57 AM) scorp: sb, smart exit
(11:57 AM) Tom_B: messed that trade up 4 6pts...stp TOO
CLOSE, grrr
(11:57 AM) ppusa: good trades there on
entry too
(11:57 AM) dave_b_quik: since you
made me ask for it, it's not spam LOL
(11:57 AM) eblaster: haha
(11:58 AM) jimbo_320: big bear flag on
30min dow with apex at 9900
(11:58 AM) Tom_B: getting da fish
(11:59 AM) Buffy_04364: bouncing
off bos
(11:59 AM) ppusa: scorp what are the
settings you are using in the stochastics window on the chart you posted?
(11:59 AM) jimbo_320: looking short
(11:59 AM) sb17: ES if short,,here's the place
(12:00 PM) sb17: i'm not taking it...price action too
slow
(12:00 PM) Buffy_04364: looks like
bline pp
(12:00 PM) Buffy_04364: 5/3/3
(12:00 PM) Buffy_04364: 9/3/3
(12:00 PM) Buffy_04364: 35/10/1
(12:01 PM) Buffy_04364: bos didn't
hold
(12:01 PM) Buffy_04364: scorp?
(12:01 PM) jimbo_320: red is the colour
lol
(12:02 PM) tippet: need to start a
fish farm ...C R A P
(12:02 PM) Tom_B: CRAP or CARP ?
(12:03 PM) tippet: both
(12:03 PM) tomsurf: tip- ooh, being
slapped w/a carp would be bad ;-)
(12:03 PM) p_8: crab?
(12:03 PM) sb17: ES...anybody in on that short call?
(12:03 PM) tippet: 144t hump
trndline brk posted
(12:04 PM) tomsurf: SOX test of low
(12:04 PM) sb17: guess i should have kept my original
short at 79.50
(12:04 PM) Tom_B: I fell off da NQ train
(12:04 PM) ppusa: higher low?
(12:04 PM) tippet: 79% l leg
(12:05 PM) ppusa: hummm
(12:05 PM) Tom_B: THIS is the test imvho
(12:05 PM) Tom_B: lng
(12:05 PM) tomsurf: humm....HL ES
and NQ??
(12:05 PM) ppusa: still eaarly they may
get the low by a little but i am looking
(12:06 PM) Tom_B: DEath wish 2002
(12:07 PM) Tom_B: I don't recommend this trde
(12:07 PM) Tom_B: just fyi
(12:08 PM) tomsurf: Buffy- are
those Citizens envelopes on the 1min chart you posted earlier?
(12:08 PM) jimbo_320: 50% of down
channel right here
(12:09 PM) jimbo_320: 76 break yields
70 ?
(12:09 PM) tippet: 1700 naz gonna
brk
(12:10 PM) Buffy_04364: yes they
count waves well
(12:10 PM) Buffy_04364: :-)
(12:10 PM) Buffy_04364: that is
about all I get out of them
(12:11 PM) tomsurf: look very
interesting...heck and colorful if nothing else ;-)
(12:11 PM) p_8: compq lod
(12:11 PM) FrankT: ES trying not to break low
(12:12 PM) Buffy_04364: 2.34 trinq
(12:12 PM) jimbo_320: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/autotrader6.gif
(12:13 PM) tomsurf: SOX- new LOD
(12:14 PM) tippet: watch 500 sox
(12:14 PM) tomsurf: tip- you see
that as the edge of the cliff?
(12:15 PM) sb17: turning up here
(12:15 PM) sb17: Es
(12:15 PM) tippet: should bounce
first touch then well see
(12:15 PM) scorp: es has to prove to me it really
wants up
(12:15 PM) Tom_B: My theory, if it's gonna be any good,
don't know yet :) buy it at the edge of the canyon
(12:15 PM) sb17: DB
(12:16 PM) jimbo_320: if dow breaks
9830 we have a measured move to 9700 dow
(12:17 PM) tippet: naz is too close
to 62% retrace and gaps think if were gonna get buying it will be because some technical
buy progr is hit off a tech signal anything else seems like nervous shorts covering
(12:17 PM) sb17: ES 3 pts off bottom at this point
(12:17 PM) sb17: that's pretty strong considering the
trading range of today
(12:17 PM) jimbo_320: found some
support at 67% of days es down-channel
(12:17 PM) Tom_B: Hey, I HOPE SO
(12:18 PM) sb17: looking for Bline retracement for long
(12:18 PM) sb17: on 1m
(12:18 PM) oddplayer: volley the market till the
close
(12:18 PM) scorp: thats what i am waiting for on es
(12:19 PM) sb17: ok..scorp..here's one observation so
far... on 1m
(12:19 PM) sb17: ....the best retracements on a long
come back below 50
(12:19 PM) sb17: or around 50
(12:19 PM) sb17: also consider Teresa's 4-6 bar
retracement rule
(12:19 PM) sb17: let's see what happens here
(12:20 PM) sb17: right now we're on the 1st retracement
bar
(12:20 PM) sb17: now second
(12:21 PM) sb17: that stoch is dropping toward 50
(12:21 PM) Tom_B: ou
(12:21 PM) sb17: now on 3rd retrace bar
(12:21 PM) Tom_B: t
(12:21 PM) jimbo_320: 74 is import es
number
(12:21 PM) jimbo_320: important
(12:21 PM) sb17: come one..want the stoch to go lower
(12:22 PM) sb17: 4th retrace bar coming up
(12:22 PM) sb17: here is it
(12:22 PM) scorp: sb, if it does reverse, it will
be a bounce off the bline
(12:22 PM) sb17: it's going to bounce
(12:22 PM) sb17: watch this
(12:23 PM) sb17: now on 5th bar
(12:23 PM) sb17: showing strength
(12:23 PM) scorp: very nice
(12:23 PM) sb17: this will be good for 1-2 pts
(12:23 PM) sb17: look at that!!!
(12:24 PM) scorp: wheres the fish?
(12:24 PM) sb17: you can pay me after the close
(12:24 PM) sb17: lol
(12:24 PM) sb17: how's that for a guided trade?
(12:24 PM) scorp: yeah, well, i wish i didn't
papertrade it
(12:24 PM) Paxton1: can i know anyone in this room
using man financial to trade online? facing problems 2day?
(12:24 PM) Buffy_04364: It has been reported that Osama
bin Laden was captured
(12:24 PM) scorp: nice one
(12:24 PM) scorp: uh oh
(12:25 PM) sb17: here we go
(12:25 PM) ppusa: no way
(12:25 PM) p_8: buffy, the real
one? he has many look alike
(12:25 PM) ppusa: don't blame rally on
that
(12:25 PM) scorp: buffy, where did you hear that?
(12:25 PM) sb17: if traders believed such a story,
there would be a rally
(12:25 PM) Buffy_04364: that was a
lie
(12:25 PM) Tom_B: SPIKE
(12:25 PM) Buffy_04364: someone
sending using cnn format
(12:26 PM) Buffy_04364: sorry
(12:26 PM) ppusa: already said there
would be a rally. don't give credit to news
(12:27 PM) sb17: I tell you...BLine has renewed my
confidence in trading over lunchtime
(12:27 PM) Buffy_04364: you learned
it fast sb
(12:27 PM) scorp: bline is really good once you get
it down
(12:28 PM) jimbo_320: if this is all
the market can market on big laden capture watch out sept lows
(12:28 PM) tippet: if rumor worth 5
up when denied itll be worth 20down
(12:28 PM) jimbo_320: market can manage
(12:28 PM) sb17: I wouldn't say that I have it down
yet....but I'm loving it given the fact i lost money earlier in the week using other
strategies
(12:29 PM) BrainStorm: hands sit....last couple of
trades on lousy volume
(12:29 PM) Buffy_04364: it was a
hoax using cnn format for breaking news email jimbo
(12:29 PM) sb17: scorp,...now here's a retracement to
avoid
(12:30 PM) ppusa: knock it off or you
all go on ignore
(12:30 PM) sb17: somebody will take it of corse
(12:30 PM) sb17: course
(12:30 PM) ppusa: anyone long?
(12:31 PM) oddplayer: flat
(12:31 PM) BrainStorm: worried about the overhead MA's
on the 5 pp
(12:31 PM) Buffy_04364: flat
(12:31 PM) jimbo_320: forming
descending triangle with support at 74
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(12:31 PM) BrainStorm: need not have been it seems
(12:31 PM) ppusa: we are in a little
triangle from LOD to recent swing high
(12:32 PM) Buffy_04364: could also
be one big bear flag never know
(12:32 PM) sb17: scorp....here's my second great truth
about the BLine...
(12:32 PM) sb17: ES...on the 3m chart...the Bline is a
lagging indicator of trend...
(12:33 PM) sb17: ..better to use "bunched"
crossover of Stoch lines an initial indicator of trend
(12:33 PM) sb17: following a reversal
(12:33 PM) sb17: also keeps one out of bad trades on
the 1m
(12:33 PM) sb17: case in point...
(12:33 PM) sb17: the 3m stoch lines just crossed
(12:34 PM) Buffy_04364: 3 hills on
1M
(12:34 PM) sb17: in that case...good to stay out of
long on 1m,..
(12:34 PM) Buffy_04364: ?
(12:34 PM) sb17: even though stoch 1m went below 50
(12:34 PM) scorp: sb, of course, that is why we
look at multiple time frames with Bline
(12:34 PM) sb17: of course BLIne on the 3m is still
indicator of trend overall
(12:35 PM) sb17: but it lags stoch lines
(12:35 PM) sb17: now...may the force be with you...lol
(12:36 PM) jimbo_320: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/autotrader7.gif
(12:36 PM) ppusa: ignore
(12:36 PM) Tom_B: as much as u might like a lng...is it
really worth it ?
(12:36 PM) sb17: no long here
(12:36 PM) ppusa: new HOD
(12:37 PM) scorp: tom, that is exactly what i was
thinking
(12:37 PM) ppusa: 50 point PnF
(12:37 PM) sb17: one of these days, i'm going to try
that upload chart feature on ensign
(12:37 PM) scorp: reward might not be there
(12:37 PM) ppusa: 5 days down
(12:38 PM) ppusa: might want to
reconsider
(12:38 PM) ppusa: has to be the right
long from the right place
(12:38 PM) tippet: pp u long?
(12:38 PM) scorp: right, and i am only thinking of
now
(12:38 PM) scorp: but maybe this is the right
place?
(12:38 PM) Tom_B: When i was picking bott earlier it
was not a smart trade...evn if this goes to the moon , doesn't matter, imho...for the few
times ur right u more than make up for it in greater losses...btr to wait for
confirm...always spots to get in along the way
(12:39 PM) ppusa: i agree Tom which is
why watching
(12:39 PM) Tom_B: at least that's MY PERSONAL EXP, i'm
sure others hre r more successful at it
(12:39 PM) ppusa: not implying jump
blind but if this starts to move it shold be ahold and add
(12:40 PM) tippet: hmm better opp
may be the short coming up at the 20ema15 IF it makes it there..and volume remains low
(12:40 PM) ppusa: right now nq has a
successful test of the low
(12:40 PM) ppusa: i think the bigger
picture is being overlooked
(12:40 PM) tomsurf: TomB- I think
succesful bottom picker may be oxymorn, lol
(12:40 PM) Tom_B: which is ?
(12:41 PM) Tom_B: lol
(12:41 PM) Tom_B: pp, wht's biggr pict ?
(12:41 PM) tippet: u think bigger
picture is "bullish"?? or just that were tech oversold and need to relieve some
of this
(12:41 PM) sb17: pp..are you leaning on your Ctrl key?
(12:41 PM) sb17: your mic is open
(12:42 PM) scorp: pp, your mic is open
(12:42 PM) jimbo_320: anyone see GB win
gold in curling last night ?
(12:43 PM) sb17: thanks pp
(12:43 PM) Tom_B: We're into res, hve dwn chnl &
triangle, any takers ?
(12:43 PM) Tom_B: shrt
(12:44 PM) jimbo_320: s 79.25 here
(12:45 PM) tomsurf: bbands getting
tight on 5min charts ES and NQ
(12:45 PM) jimbo_320: v. low volume
though
(12:47 PM) Tom_B: out
(12:47 PM) Tom_B: -2.5
(12:48 PM) jimbo_320: might get a spike
blowoff - dow not overbought enough yet
(12:51 PM) Tom_B: apprs my stp was 1 tic too close
(12:52 PM) jimbo_320: 3 legs up on bear
flag or a break upside ?
(12:53 PM) Tom_B: Good Ques Jimbo
(12:53 PM) ppusa: Tom for me i have
found always best to wait for a lower high
(12:53 PM) Tom_B: wht tfrme
(12:53 PM) ppusa: 1 min
(12:53 PM) Buffy_04364: net has
problems for me today
(12:53 PM) Tom_B: got it
(12:54 PM) Buffy_04364: data doing
that stopping and then bursting stuff agan
(12:54 PM) ppusa: i got fed up with
turning chicken at the top of the last move
(12:54 PM) Buffy_04364: anyone
else?
(12:55 PM) Tom_B: thnk same hre Buffy but then i hve
computer probs
(12:55 PM) Buffy_04364: tks tom
(12:55 PM) Buffy_04364: tracert
told me net
(12:55 PM) ppusa: brb
(12:56 PM) sb17: had to get lunch....
(12:56 PM) oddplayer: have dsl or cable Buffy?
(12:56 PM) sb17: ES...look like there was a sell diverg
on 1m about 6 mins ago
(12:56 PM) Tom_B: had not to ttmar if shrt
(12:56 PM) Buffy_04364: adsl
(12:56 PM) Tom_B: hard
(12:56 PM) sb17: still looking weak
(12:57 PM) Tom_B: BUT
(12:57 PM) tippet: desc triangle ..
bottom of pattern looking for contin of trend....
(12:58 PM) Tom_B: shrt
(12:58 PM) Buffy_04364: last hourly
inside bar
(12:58 PM) sb17: anothg shorting opp on 1m es coming up
if it ticks up another bar
(12:58 PM) sb17: may not get it
(12:58 PM) sb17: here it is
(12:59 PM) Tom_B: Propeller on Beanie says shrt
(12:59 PM) BrainStorm: e-mini nas spread out at a buck
on ocasion there
(12:59 PM) BrainStorm: thin market beware
(12:59 PM) ppusa: rule of 3 15 min
chart in steep decline
(12:59 PM) sb17: hope you're short on es
(01:00 PM) tomsurf: pp- what is
rule of 3???
(01:00 PM) Tom_B: All ind hre are NEG...right now
(01:00 PM) ppusa: sorry rule of 4
(01:00 PM) Tom_B: Need to bust TRngle of course
(01:00 PM) ppusa: have 3
(01:00 PM) sb17: forgot to mention...entry was about
77.25
(01:01 PM) Tom_B: grrr
(01:01 PM) scorp: globex down on IB
(01:01 PM) sb17: 78.50 was a better entry on the
divergence, but the current trade may work
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(01:01 PM) Buffy_04364: tks scorp
(01:01 PM) Tom_B: As they say, TIME HAS COME TODAY
(01:01 PM) tippet: nice sb
(01:02 PM) Buffy_04364: glad flat
(01:02 PM) BrainStorm: covered for a scalp
(01:02 PM) p_8: sox lod
(01:02 PM) Buffy_04364: tks p_8
(01:03 PM) tippet: suspect we
bounce off 500 initially
(01:03 PM) sb17: another short on ES coming
(01:03 PM) lionsss: IB ssays globex
unavailable
(01:03 PM) p_8: stealth bear flag?
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(01:03 PM) sb17: my feed is fine
(01:04 PM) sb17: oh...this one is good
(01:04 PM) tomsurf: IB says Globex
trading
(01:04 PM) lionsss: It was a
message not about the feed
(01:04 PM) Buffy_04364: tks tom
(01:04 PM) sb17: 3rd bar of retrace
(01:04 PM) tomsurf: lioness- thx
for heads up :-)
(01:04 PM) sb17: pretty interesting
(01:05 PM) oddplayer: I love the way minis trade
(01:05 PM) sb17: the story will be told here
(01:05 PM) BrainStorm: flipped long35
(01:05 PM) sb17: BLine going flat on 1m es
(01:05 PM) sb17: short questionable
(01:05 PM) oddplayer: like stop dead @ 1079.5
(01:05 PM) tomsurf: nothing but
range compression taking place imo
(01:06 PM) sb17: no short
(01:06 PM) sb17: 3m stoch lines crossed up
(01:06 PM) BrainStorm: out 1.5 no stomach for it
(01:06 PM) ppusa: SP bounced to
equivalent of 1340 nq
(01:08 PM) sb17: Stoch on 3m ES is long
(01:08 PM) sb17: could see chop in here though
(01:08 PM) Tom_B: 38 stp
(01:08 PM) tippet: triangle getng
pretty tight
(01:08 PM) BrainStorm: moment of truth
(01:09 PM) jimbo_320: ticks falling
trin rising
(01:10 PM) Tom_B: stp b/e
(01:10 PM) BrainStorm: thanks jimbo
(01:10 PM) jimbo_320: 500 sox could
find buyers
(01:11 PM) jman206: question regarding the march
contracts: They expire the 3rd friday of March, correct?
(01:11 PM) sb17: long here es
(01:11 PM) sb17: not a bad spot
(01:11 PM) tippet: agree jimbo at
least bounce initially
(01:11 PM) Tom_B: out
(01:11 PM) sb17: scalper
(01:12 PM) sb17: price bounced after 4 bars retrace
(01:12 PM) oddplayer: yes jman, but rollover
thursday week before
(01:12 PM) sb17: yeha
(01:12 PM) ppusa: es at equivalent 1344
nq
(01:12 PM) tippet: diabolical set
up would be... long?
(01:12 PM) ppusa: es took out last
swing
(01:13 PM) sb17: i just love those things
(01:13 PM) pmtrader: buy divs all over the place
(01:13 PM) scorp: great, IB back; oy
(01:13 PM) p_8: tip, there was T's
pop in manhole pattern there
(01:13 PM) ppusa: tripple bottom so far
(01:14 PM) sb17: out
(01:14 PM) jimbo_320: not much volume
on spike
(01:14 PM) tippet: sox got buyers
(01:15 PM) ppusa: high of this hour is
44.5
(01:15 PM) jimbo_320: considering 4
point move
(01:16 PM) tippet: RO4 ? sloppy ?
(01:17 PM) jimbo_320: they cant afford
to fail this here
(01:17 PM) Tom_B: maybe a test
(01:17 PM) tippet: hmm have one on
the 144t that is sweet.. just hit for 4 do or die
(01:17 PM) Tom_B: RO4
(01:18 PM) sb17: ES 3m stoc still long
(01:18 PM) BrainStorm: not managing stops so well this
pm :\
(01:19 PM) tippet: 20ema40 44.5
(01:19 PM) Tom_B: looks like a lng , still 50-52 res
(01:20 PM) tippet: 20ema15 48.5
(01:21 PM) Tom_B: i'm flat... confused & dazed
(01:21 PM) ppusa: what is confusing?
(01:22 PM) Tom_B: can't type that much
(01:22 PM) ppusa: the markets could run
up to 1380 and still come down again monday
(01:23 PM) Tom_B: This dwnsid eis not ovr, YET imvho
(01:23 PM) tippet: nervous shorts
covering
(01:24 PM) tippet: need volume
buyers to push this up and create squeeze so far is not there
(01:24 PM) BrainStorm: compressing higher lows ...lower
highs
(01:24 PM) alan123: RO4?
(01:24 PM) Buffy_04364: unlesss
something changes will be another ib on hourly
(01:24 PM) Tom_B: y, Brain obsv compression..seed will
pop, or shd i say pp's zitt
(01:25 PM) p_8: it seems like this
just created a bigger triangle
(01:26 PM) ppusa: not zitt - poisin oak
(01:26 PM) ppusa: ready to try long
(01:26 PM) oddplayer: no real reason for them not
to buy it
(01:26 PM) ppusa: 20 bar ma here
(01:26 PM) ppusa: could be a problem
(01:27 PM) jimbo_320: needs to take
high
(01:27 PM) Tom_B: GEttng warm
(01:28 PM) ppusa: went in and bailed
(01:28 PM) jimbo_320: 9900 dow coming
up
(01:29 PM) p_8: hit 200ema1
(01:29 PM) ppusa: gonna wait a bit
(01:29 PM) sb17: ES Looking toppy
(01:29 PM) ppusa: i think it looks very
good but not good enough
(01:29 PM) Tom_B: Me too
(01:29 PM) tippet: hate getting
caught buying brk of triangle
(01:29 PM) oddplayer: we've seen this before
(01:29 PM) tippet: waiting
(01:30 PM) ppusa: 50 bar ma on 5 is
here and 20 bar ma on 15 and the approach is flat
(01:30 PM) Tom_B: 37 now sme NQ supp
(01:30 PM) sb17: need another push up
(01:30 PM) p_8: 15min grail sellers
may show up at 47-46, if we ever reach that high
(01:30 PM) ppusa: i would like to see
them come running at the ma's not like this
(01:30 PM) oddplayer: can go either way....as it
has all day
(01:31 PM) Buffy_04364: divergences
on this last high
(01:31 PM) dave_b_quik: ES under
big TL resistance, NQ on top of small triangle support, so... ?
(01:31 PM) ppusa: well i made 68 cents
(01:31 PM) sb17: ES 3m Stoch turning
(01:31 PM) Tom_B: dbq, wish you'd tell us sometime wht
u do :)
(01:31 PM) sb17: ideall, we need another little push up
for a short
(01:32 PM) oddplayer: that was one SB
(01:32 PM) sb17: no short yet
(01:32 PM) sb17: i wouldn't call that an obvious
divergence on 1m
(01:33 PM) ppusa: let's go on paltalk
strike until dave adds some input
(01:33 PM) sb17: need one more try up
(01:33 PM) Tom_B: Considering time of day, r we at the
apex yet ?
(01:33 PM) Tom_B: careful pp, he might like that :)
(01:34 PM) sb17: come on baby...up
(01:34 PM) sb17: a couple of more bars
(01:34 PM) Tom_B: getting rdy
(01:34 PM) jimbo_320: es at 50% of
upchannel
(01:34 PM) BrainStorm: NQ horrible thin again
(01:35 PM) sb17: i hope this doesn't break and then
edge lower
(01:35 PM) sb17: come on ...bounce
(01:35 PM) ppusa: never did like triple
bottoms
(01:35 PM) jimbo_320: bk later
(01:35 PM) Tom_B: hldng mini supp hre
(01:35 PM) Tom_B: lng
(01:36 PM) ppusa: hour chart says it is
going
(01:36 PM) sb17: ok here it comes
(01:36 PM) ppusa: i'm gonna take
another nap
(01:36 PM) BrainStorm: safest pp ;-)
(01:36 PM) tippet: what??? traders
scalping each other
(01:37 PM) tippet: globex trading
unvail again IB
(01:37 PM) Tom_B: out
(01:38 PM) ppusa: watching horizontally
(01:39 PM) ppusa: 1 minute great cup
and handle
(01:39 PM) ppusa: saw it horizontally
(01:39 PM) Tom_B: -4 shrt
(01:39 PM) ppusa: has to hold the
handle to be good of course
(01:40 PM) tippet: do 3 lateral
indians count
(01:40 PM) Tom_B: Slapping self Heavily...I shd just
trade with da trnd , let u pioneers catch the falling knife, DAH
oddplayer: right, don't get caught chasing one
(01:41 PM) Tom_B: Scalping like drugs...the adreneline
thing..like it...expensive bad habit
(01:43 PM) jimmer49: Hi everyone
(01:43 PM) p_8: hi Jimmer
(01:43 PM) Tom_B: Hi Jim, welcome
(01:44 PM) jimmer49: hope everyone has
had a good week
(01:44 PM) jimmer49: was a challenging
week in many ways
(01:44 PM) Tom_B: Vry int week..a lot of good
collaboration hre
(01:44 PM) jimmer49: good to hear
(01:45 PM) tomsurf: jimmer :-)
(01:46 PM) jimmer49: Hi tomsurf
(01:46 PM) FrankT: Hi jimmer
(01:46 PM) BrainStorm: heloo Jimmer!
(01:46 PM) tomsurf: nice to see you
jimmer...thx for dropping in
(01:46 PM) jimmer49: smax has had some
good days and some only fair days
(01:47 PM) jimmer49: I have been
thinking about that bb rule and think it needs changing
(01:47 PM) jimmer49: anyone still
working with smax?
(01:47 PM) tomsurf: bbands still
getting tighter on 5min min charts here
(01:47 PM) Tom_B: y
(01:48 PM) BrainStorm: always watching jimmer though
looking for a good general rule to filter out chop
(01:48 PM) jimmer49: bb rule has
prevented some good trades lately
(01:48 PM) tomsurf: jimmer- think
some are and I have a template of it.
(01:48 PM) jimmer49: so, what I have
begun to do is apply the rule by looking at a higher time frame
(01:49 PM) sb17: 3m ES stoch crossing again....up
(01:49 PM) jimmer49: so, if trading on
2m will look at bb on 5m. if in upper 1/3 on 2m, but not on 5m then trade is allowed
(01:49 PM) jimmer49: this would have
helped a lot
(01:49 PM) jimmer49: still working with
it though
(01:49 PM) tippet: message trading
still unavail on IB globex
(01:50 PM) p_8: they can be
unavailable until we clear this dreaded triangle
(01:50 PM) jimmer49: I'm not stricly
trading smax, but keep the same screen setup and always watch it
(01:50 PM) tippet: volume
increasing over last 30min
(01:51 PM) sb17: really big triangle....all day...ES
(01:51 PM) p_8: y, sb and it just
keeps getting bigger
(01:51 PM) jimmer49: brb
(01:51 PM) tomsurf: jimmer- thank
you for your insights
(01:51 PM) sb17: we're coming to the apex
(01:52 PM) tomsurf: tip- my IB said
trading OK now?
(01:52 PM) tippet: nq no longer a
triangle really just sideway consolidation
(01:53 PM) Tom_B: Data in & out hre on Esig
(01:53 PM) tippet: just had the
message minutes ago wonder whether its not everynoe
(01:53 PM) sb17: still long ES 3M Stoch
(01:53 PM) FrankT: Jimmer been doing similar - I
use the bb on 3m if looking at 2m cross
(01:53 PM) sb17: BL flat on 3M
(01:53 PM) sb17: but bias up
(01:54 PM) Tom_B: Hldng shrt but this is trash to trde
(01:54 PM) pete77_1: ro4 coming up?
(01:55 PM) tomsurf: ro4 looking
like ro6 on my 3min chart, lol
(01:57 PM) tippet: trin and tick in
triangle as well
(01:57 PM) Tom_B: wud xpect shrt cvrng
(01:57 PM) BrainStorm: is $TRIN extraordinarily high or
is it just me ?
(01:58 PM) Tom_B: but ind's say shrt so i'm shrt
(01:58 PM) Tom_B: grrr
(01:58 PM) BrainStorm: $TRIN is a wierdy one high trin
is bearish
(01:59 PM) Tom_B: IB 15m
(01:59 PM) tippet: trin breaking up
outside of triangle now
(01:59 PM) sb17: 3m ES Stoch rolling over
(01:59 PM) tf_3: 3 inside bars on the 60m
(02:00 PM) sb17: BLine bias down
(02:00 PM) tippet: 20ema15 going to
be right on top of price in little while
(02:00 PM) sb17: ES has tested 80.50 several times on
the upside
(02:01 PM) p_8: ro4
(02:01 PM) tippet: SOX is in desc
wedge big pattern that appears to be breaking up now
(02:01 PM) sb17: trying again
(02:01 PM) p_8: ?
(02:02 PM) ppusa: gonna hit it running
this time?
(02:03 PM) sb17: es still 80.50 R
(02:03 PM) tippet: follow thru?
(02:03 PM) p_8: volume is not good
so far
(02:04 PM) p_8: need more
participant to sustain it
(02:04 PM) ppusa: this was a much
different approach
(02:04 PM) tippet: sox break at
next trednline looks good so far
(02:04 PM) jimmer49: was nice buy
divergence back there on nq - arou;nd 38
(02:04 PM) Tom_B: rev 45
(02:04 PM) p_8: yes
(02:04 PM) ppusa: in and out here
(02:05 PM) sb17: dog pile
(02:05 PM) tomsurf: after range
compression comes expansion
(02:06 PM) ppusa: cold end here?
(02:06 PM) ppusa: could
(02:07 PM) Tom_B: 52 - 55 potential
(02:07 PM) sb17: ES R 82.50
(02:07 PM) jimmer49: I think we may
have seen the bottom for a few days
(02:07 PM) jimmer49: economic news has
been mostly good and market will begin to factor it in
(02:08 PM) jimmer49: has been ignoring
while hand wringing over Enron, etc.
(02:09 PM) jimmer49: longs threw in the
towel yesterday and there is money to buy
(02:10 PM) tomsurf: Enron- gonna
change name, LOL. Hey that'll make everyone forget, ...not!
(02:10 PM) ppusa: that is only the
first up hour in how many?
(02:11 PM) Tom_B: Lotta shrts may want to cash in
(02:11 PM) ppusa: 6 point
(02:11 PM) jimmer49: shorts will want
to be flat for weekend I suspect
(02:12 PM) Tom_B: y...hldng mini supp 4 the moment
(02:12 PM) tomsurf: jimmer- think
so, once they see it's not gonna crack today...if that's the way it plays out.
(02:13 PM) ppusa: if the setup was
different i would go back to pounding the table but the way this pop formed i am flat
(02:13 PM) sb17: ES i feel a short coming
(02:14 PM) sb17: need a bounce on 1m
(02:14 PM) tippet: nervous short
need quik follow thru
(02:15 PM) ppusa: there is 6 point
(02:16 PM) jimmer49: a lot of stops
just hit
(02:16 PM) ppusa: almost...... .5 to go
(02:17 PM) ppusa: jimmer are you long?
(02:17 PM) ppusa: are you short?
(02:17 PM) jimmer49: flat
(02:17 PM) jimmer49: tempted to go long
(02:18 PM) jimmer49: no follow thru
after stops hit
(02:18 PM) jimmer49: up bias in longer
tf's
(02:19 PM) sb17: just got one of those data feed
jilts...that was weird
(02:19 PM) BrainStorm: 15 min bumped its head on the
20ema
(02:19 PM) Tom_B: This is brutal, apprs like alng thou
(02:19 PM) sb17: no short...yet
(02:20 PM) tomsurf: sb- careful
(02:20 PM) Tom_B: 1m ovr 200ema
(02:20 PM) Tom_B: bull sign
(02:21 PM) Tom_B: hld 200ema on retrace so far
(02:21 PM) Tom_B: i'm hldng lng
(02:22 PM) Tom_B: unfort, don't hve a good trgt
(02:22 PM) jimmer49: forget the long
imo
(02:22 PM) jimmer49: sell diverge now
(02:24 PM) Tom_B: tenuous at best
(02:24 PM) BrainStorm: think Ill wait to see what
happens at the 5min 20 & 50 ema (though a way above at the moment)
(02:24 PM) jimmer49: range too
constrained here for me
(02:24 PM) latkinso: Buffy, still around?
(02:24 PM) jimmer49: bb that is
(02:25 PM) ppusa: could get more up
(02:25 PM) Tom_B: 1 m flaf, poss..agree
(02:25 PM) BrainStorm: Ive been playing with a hh &
ll (highest high) fo various periods good for detecting range bound when they tighten
(02:26 PM) ppusa: i get buy signals
slightly higher but the 6 point is shouting reversal here
(02:26 PM) ppusa: so you are probably
gonna have to sit through 42
(02:26 PM) Tom_B: out
(02:28 PM) ppusa: if the market had
gone straight through the HOD awhile ago i would have maintained my bullish bias but this
up hour here is not exactly what i was looking for when discussing the big one
(02:29 PM) Tom_B: took a good morng & turned it
into chop suey..gotta look that ovr :(
(02:29 PM) ppusa: this is more like the
third hump break
(02:30 PM) BrainStorm: 1343 62% of last swing
(02:31 PM) sb17: 3m BLStill showing long
(02:31 PM) sb17: ES
(02:32 PM) sb17: ES retest 83
(02:32 PM) sb17: high of Day 84.75
(02:32 PM) oddplayer: squeeze on
(02:33 PM) ppusa: just had a little
earthquake in So. Cal
(02:34 PM) ppusa: little where i am
maybe bigger somewhere else
(02:34 PM) oddplayer: did your room shake?
(02:34 PM) ppusa: yes
(02:34 PM) jimbo_320: some big blocks
on es t+s
(02:35 PM) tippet: 20ema30
(02:35 PM) oddplayer: I bought
(02:35 PM) jimbo_320: 620 ticks
(02:37 PM) BrainStorm: $TRIN back into 'normal'
territory
(02:37 PM) tippet: nice pop
(02:38 PM) jimbo_320: all green
(02:38 PM) sb17: i stay out of this sort of thing
(02:39 PM) oddplayer: too much money to make?
(02:39 PM) sb17: people get hurt in dog piles
(02:39 PM) ppusa: oh well
(02:39 PM) tippet: sno ball
(02:39 PM) ppusa: yep
(02:39 PM) oddplayer: this is a squeezy
(02:39 PM) sb17: it's a little early to have a run at
the high
(02:39 PM) ppusa: gotta leave some for
others
(02:39 PM) tomsurf: tick +1000
(02:39 PM) scorp: well, i ruined another day; crap
(02:40 PM) ppusa: foiled by a .5 a tick
(02:40 PM) Tom_B: Hey, I was long45...bailed
(02:40 PM) tippet: that finally
paid for the earlier chop earlier
(02:40 PM) jimbo_320: 1063 ticks
(02:41 PM) tomsurf: well, there was
the move of the day
(02:41 PM) p_8: es is very nice
(02:41 PM) Tom_B: scorp...so did i...all you can do is
study it and try to see some patterns or repetive mistakes and connet a cattle prod &
try not to repeat them, GRRRR
(02:42 PM) oddplayer: I make 6 then out
(02:42 PM) sb17: tomsurf thanks for the TICK
reminder...i forgot about that little indicator
(02:42 PM) p_8: nice odd
(02:42 PM) tomsurf: sb- ;-)
(02:42 PM) tomsurf: I learned about
ticks the hard way, lol
(02:43 PM) oddplayer: tom you see the tick for only
the dow?
(02:43 PM) tomsurf: odd- I'm
strange...only watch NYSE ticks
(02:43 PM) oddplayer: I used to love that
(02:44 PM) oddplayer: so fast a call
(02:44 PM) oddplayer: they have one for just the
indu
(02:46 PM) oddplayer: every bull has his day
(02:46 PM) BrainStorm: tested 62 twice now
(02:47 PM) oddplayer: its reasting
(02:47 PM) BrainStorm: nice run down to 300 again would
really finish the week nicely
(02:47 PM) oddplayer: traders have to check with
managers
(02:51 PM) tomsurf: odd_??? check
what
(02:51 PM) oddplayer: my view...they come to work
with certain #'s they can trade to, depending...once hot, they need authority to move it
(02:52 PM) oddplayer: just my views though
(02:52 PM) tomsurf: k, thanks
(02:52 PM) p_8: right odd, they
violate that they r fired
(02:52 PM) oddplayer: why there are so common
support and resistance level pauses
(02:53 PM) BrainStorm: dunno if the index moves they
gotta cover it
(02:53 PM) BrainStorm: or by sell basket stocks
(02:53 PM) oddplayer: should move up
(02:53 PM) BrainStorm: by=buy
(02:53 PM) tippet: pennant forming
es llooks like it wants to give it a go?
(02:53 PM) sb17: we'll see if NY Tick confirms a push
on ES
(02:54 PM) Tom_B: Hve some crazy trgts 71 & 90...:)
(02:54 PM) Tom_B: 90 seems best !!
(02:54 PM) tippet: okkk
(02:55 PM) tomsurf: TomB- Thx
(02:55 PM) BrainStorm: guess da boss says Ok :-)
(02:55 PM) Tom_B: Don't hld me to it :)
(02:56 PM) tomsurf: If not hit a
big Carp is commin your way, LOL ;-)
(02:56 PM) Tom_B: LOL
(02:56 PM) Tom_B: Which one 71 or 90 ?
(02:56 PM) oddplayer: lmao
(02:56 PM) tomsurf: lol
(02:56 PM) jimmer49: 1366 is pivot
(02:57 PM) tomsurf: jimmer- thx for
reminder
(02:57 PM) Tom_B: Take out 72 i'll evn get lng , lol
(02:57 PM) sb17: small sell tick divergence on Es
(02:58 PM) oddplayer: I need 3 more pts today
(02:59 PM) tippet: tick pullback
buy triggers working on nq
(02:59 PM) sb17: ticks still pushing
(02:59 PM) sb17: still small divergence
(03:00 PM) oddplayer: SQUEEZING SHORTS TO FEAR
(03:00 PM) sb17: have to say...this has been the
wildest three dow days that i've seen in awhile....even though the trading range on ES has
not be super tremendous
(03:00 PM) tomsurf: sb- you
watching NYSE ticks?
(03:01 PM) tippet: DOW going for
10k
(03:01 PM) oddplayer: was true wild
(03:02 PM) oddplayer: I was setting my plan for
trading this week, and my friend in heaven said make to plan....I wondered why
(03:02 PM) oddplayer: not to make a plan
(03:02 PM) tippet: last hi nq not
confimred by higher tick 20ema60here
(03:02 PM) tippet: good short on
any other occasion
(03:03 PM) oddplayer: let it run
(03:03 PM) oddplayer: 2 sides both with bucks
(03:05 PM) tippet: DOW thru 10k
(03:05 PM) tomsurf: well, the News
can say the market is OK now.....buy, buy, buy, LOL
(03:06 PM) ppusa: short
(03:06 PM) BrainStorm: phweee
(03:06 PM) oddplayer: remember wednesday
(03:07 PM) Tom_B: cowboy
(03:07 PM) jimmer49: Street Smarts
80-20 thing played out perfectly today
(03:07 PM) tippet: good for u dont
have the nerves for it but looks like a great short
(03:07 PM) BrainStorm: not as happy as selling the
covering bulls as buying covering bears pp
(03:07 PM) BrainStorm: dunno why
(03:07 PM) ppusa: out
(03:08 PM) BrainStorm: good play though
(03:08 PM) Tom_B: nice pp
(03:08 PM) ppusa: due for 15 point pb
(03:09 PM) BrainStorm: nicest scalp there is (imho)
people covering
(03:09 PM) oddplayer: another regroup
(03:09 PM) tomsurf: jimmer- sure
was.
(03:09 PM) FrankT: Jimmer- what is the Street
smart?
(03:10 PM) oddplayer: at least back to high
(03:10 PM) p_8: LBR's street smart
(03:10 PM) jimmer49: right
(03:11 PM) Tom_B: this is not done, not sure if another
swng dwn 1st
(03:11 PM) Tom_B: 1 more wave on 1m then new high orrr
:))
(03:12 PM) jimmer49: 80-20 predicts mid
day reversal on day after market opens in top 80% of range and closes in bottom 20%
(03:12 PM) ppusa: i can't believe after
waiting all day that i missed the buy
(03:12 PM) oddplayer: set those wild buyin stops
(03:13 PM) sb17: well, i just put adx back on my chart
(03:13 PM) tomsurf: 3 humps on 3min
chart
(03:13 PM) sb17: lol
(03:13 PM) Tom_B: I reserve the right to chnge my mind
on the last comment :)
(03:14 PM) tippet: return to 20ema3
at 60?
(03:15 PM) BrainStorm: 58 62% of days range
(03:15 PM) jimmer49: grail buy on 3m
(03:15 PM) tippet: yes
(03:16 PM) tippet: down to the 5min
(03:16 PM) tomsurf: may turn into
grail on 5min?
(03:16 PM) jimmer49: yep
(03:17 PM) alan123: tom i am looking at that
(03:17 PM) ann_87: 1358 is the 38%
retrace area
(03:17 PM) jimmer49: buyers may be out
of gas
(03:17 PM) tippet: anyone buying
(03:17 PM) tippet: hi ANNE
(03:17 PM) ann_87: hi tippet
(03:17 PM) jimmer49: many will wait for
next week to see how wind blows
(03:17 PM) BrainStorm: nicer feel to buying...some much
more liesurely
(03:17 PM) Tom_B: Watch this cud be a W:4 of W:5 dwn
(03:18 PM) tippet: looks like don
sew may get his class 1 buy signal
(03:18 PM) ann_87: ticks pulled back to
0
(03:19 PM) oddplayer: come on...back to the open
(03:19 PM) jimmer49: i notice a distnct
improvement in quality of the comments from when I was here last
(03:19 PM) Tom_B: Either u buy it hre or look to shrt
if it takes out 50 i'm shrt
(03:19 PM) tomsurf: better focus
for the most part jimmer :-)
(03:20 PM) BrainStorm: thats cause Ive been quite to
day Jimmer :) though made over the daily range so very very pleased
(03:20 PM) Tom_B: shrt now
(03:20 PM) ppusa: 15 point pb
(03:21 PM) oddplayer: both sides with bucks...scary
(03:21 PM) p_8: y, interesting day
(03:22 PM) Tom_B: cvrd
(03:24 PM) tomsurf: looking so far
like 3 humpers happy and 5min grailers happy
(03:25 PM) jimmer49: are you a grailer
or a humper?
(03:25 PM) p_8: tom, it wasn't
quite a grail since adx was still below 30 but it was a good bounce anyway
(03:26 PM) tomsurf: p_8, thx...adx
was a guess on my part being that Bline was ahigh.
(03:26 PM) tomsurf: I shouldn't do
that.
(03:27 PM) p_8: adx is high on 3
min but the bounce did not happen until it hit 5min's 20ema
(03:29 PM) ppusa: 5 days down
(03:29 PM) tomsurf: have noticed
Bline moves alot faster than ADX at it's norm setting.
(03:30 PM) p_8: y tom
(03:30 PM) jimbo_320: nice move huh
(03:31 PM) ppusa: new highs
(03:31 PM) p_8: unlike bline, adx
has to absorb yesterday's big down move before going up again
(03:31 PM) ppusa: 50 point says up
before lower
(03:32 PM) jimbo_320: another 10,000
test on a fri afternoon?
(03:32 PM) ppusa: probably monday
(03:32 PM) tomsurf: looks like it
jimbo
(03:33 PM) ann_87: tom it wasn't a
grail on 5 mn but it was a first cross buy
(03:33 PM) ppusa: how come when i was
mentioning this earlier no one believed me?
(03:34 PM) ppusa: well?
(03:35 PM) tomsurf: pp- musta been
in the timing ;-)
(03:36 PM) oddplayer: who can buy the most?
(03:36 PM) jimbo_320: needs to hold
here for pop into close
(03:37 PM) BrainStorm: indecision...can see it on
T&S too
(03:38 PM) BrainStorm: OK my call is that we will go up
down or sideways next week PP
(03:40 PM) oddplayer: good brainstorming there
(03:40 PM) BrainStorm: though looks like we are due a
few up days before the bear continues
(03:40 PM) Tom_B: running out of time
(03:40 PM) oddplayer: can't put more that 2 up days
together on ES since 01/04
(03:41 PM) oddplayer: pray for a time squeeze too
(03:41 PM) tomsurf: yep- Bear
market...weak up swings with strong down swings
(03:41 PM) Tom_B: cud be a quik shrt hre
(03:42 PM) jimbo_320: strange that
dropped straight of the 10,000 dow
(03:42 PM) mj200: too many spikes on a dime last hr
lately
(03:42 PM) jimmer49: I think the bear
is over and we are in a consolidation phase that could last up to 2 years
(03:43 PM) Tom_B: shrt
(03:43 PM) tomsurf: jimmer-
sideways would work off exess on both sides....just hope there is enough of a trading
range.
(03:43 PM) jimbo_320: big article in
the London times that more and more investors are shunning equitys due to bad accounts and
buying bonds - so therefore market is doomed
(03:44 PM) jimbo_320: Big paper say
that might just happen
(03:44 PM) Tom_B: if 50 goes
(03:44 PM) Tom_B: :)
(03:45 PM) Buffy_04364: 1352.54 tom
:-)
(03:45 PM) Buffy_04364: wonder why
we are off today
(03:45 PM) Tom_B: well...fudge factor just in case a
fake :)
(03:45 PM) fooliosbrother: isnt that a show fudge
factor
(03:46 PM) tomsurf: TomB- some nice
heads ups and trades today, congrats :-)
(03:46 PM) Tom_B: tnx today my worst of week..in fact
not good aft this am..old habits, grrr
(03:46 PM) BrainStorm: yeah you where kicking
particulalrly early on
(03:47 PM) tomsurf: sometimes old
habits die a slow death....they tend to come so naturally
(03:48 PM) Buffy_04364: very verry
true tomsurf
(03:48 PM) Tom_B: like throwing $ away on BAD trades :(
(03:48 PM) Buffy_04364: my jumping
the gun always likes to show up once in a while
(03:48 PM) jimbo_320: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-22/auto-trader2.gif
(03:49 PM) Tom_B: well Buffy we got 51.5 sooooo...
(03:49 PM) tomsurf: Gotta look at
the whole picture (week) TomB and you made alot of positive changes from my seat here :-)
(03:49 PM) Buffy_04364: split the
diff LOL
(03:49 PM) BrainStorm: had some problems with stops too
tight today
(03:50 PM) Tom_B: y...gotta review notes...same darn
mistakes ovr & ovr It's that entry/exit thing :)
(03:51 PM) BrainStorm: Nice chart Jimbo !
(03:51 PM) jimbo_320: thanks some
support here bs
(03:51 PM) oddplayer: give me a 1079 now
(03:52 PM) BrainStorm: my only concern is full
mechinical has strengths but also weaknesses
(03:52 PM) Tom_B: this trdecud get to 41 or lwr..if
enough time 4 it... got 2.5 locked in
(03:53 PM) BrainStorm: the code you have for IB
submission Jimbo you think that could be ported to Ensign. I belive it can call custom
DLL's ?
(03:54 PM) jimbo_320: bs why bother -
trading real time es is like trading with open eyes after trading just indexes !
(03:54 PM) BrainStorm: nice thing about ESPL is once
you get to grips you can mess with mechanical systems really quick and easy
(03:55 PM) BrainStorm: for instance stumbled across a
system that uses a MA support / resistance hybrid knocked it up in ESPL in about an hour
(03:55 PM) Tom_B: out +6.5
(03:55 PM) Buffy_04364: bline below
20 up to 133T
(03:56 PM) BrainStorm: Still keen to test it Jimbo what
sort of fills you getting with auto submission ?
(03:57 PM) jimbo_320: good as with ib
(03:57 PM) Tom_B: Looking at this right now without
doign my homewrk..this is NOT rdy for a meaningful upmve...just 4 da record
(03:57 PM) jimbo_320: better becuase i
have one interface
(03:57 PM) BrainStorm: apologies room for this chat I
sorta quit early for the day
(03:57 PM) jimbo_320: not a very
successful dow 10,000 test
(03:57 PM) fooliosbrother: well some of us are
still tryin to lose money here
(03:58 PM) tomsurf: Brain- done
here
(03:58 PM) Buffy_04364: bet smax
has been doing well jimmer
(03:58 PM) Tom_B: Thanks everyone ... for all ur hlp
& sharing... maybe some lurkers will come out & share their recipe's with us...
see u all soon
(03:59 PM) jimmer49: smax is happy
(03:59 PM) BrainStorm: love to stay and chat but my son
here for the weekend...good w/e all
(03:59 PM) Buffy_04364: bye tom
(03:59 PM) Buffy_04364: have a good
weekend
(03:59 PM) jimbo_320: 1000 ticks on
close is something
(03:59 PM) tomsurf: TomB- have a
good one. You gonna be around this weekend?
(03:59 PM) Tom_B: y
(03:59 PM) Tom_B: Sat aft wrk
(03:59 PM) Tom_B: 2:30 cst
(04:00 PM) mj200: good weekend all first time here 30
min ago
(04:00 PM) jimbo_320: bye all have a
great weekend
(04:00 PM) tippet: adios Tom thanks
(04:00 PM) tomsurf: K
(04:00 PM) Tom_B: see ya jimbo
(04:00 PM) Buffy_04364: tks tom
(04:00 PM) Buffy_04364: thanks to
all
(04:00 PM) Tom_B: u too tipp...good info
(04:00 PM) fooliosbrother: anyone have any idea if
esignal supplies a straight AD line for NYSE rather than that crazy ISSU thing the got
going on
(04:00 PM) Buffy_04364: don't know
foolio
(04:00 PM) Buffy_04364: tagged tos
(04:01 PM) fooliosbrother: thnx buffy
(04:01 PM) Buffy_04364: ticks
stillover 1000
(04:03 PM) jimmer49: bye all - nice
visiting
(04:03 PM) fooliosbrother: are you still running
your custom symbol buffy...(disclaimer. answer only if you are no longer trading)
(04:03 PM) Emaestro: emaestro here
(04:03 PM) fooliosbrother: duntadadaaaa
(04:03 PM) Buffy_04364: byejimmer
(04:03 PM) Buffy_04364: tks for
coming by
(04:04 PM) tomsurf: jimmer- take
care
(04:04 PM) eblaster: hi emaestro
(04:04 PM) Emaestro: hey
(04:04 PM) eblaster: Hey everyone
(04:05 PM) fooliosbrother: hi
(04:05 PM) eblaster: Spoke with dave a little while ago
(04:05 PM) Emaestro: lots of people in here
(04:06 PM) eblaster: and we wanted to invite everyone
to a free chat session at our site
(04:06 PM) eblaster: on Monday 6:00 ET
(04:06 PM) sb17: bye all...i'm pooped
(04:06 PM) eblaster: nite, have a nice w/e
(04:07 PM) sb17: thanks