Welcome Msg: Welcome index futures traders and TrendVUE.com alumni. Today's charts at
www.DaCharts.com
WARNING: Any trades posted here are for educational purposes only. Don't take the trades
unless you understand them and can take the risk.
(09:17 AM) tippet: rule of 4
(09:17 AM) tippet: should be in
dacharts_dachart_dacharts_dachart pattern recognition
(09:19 AM) Tom_B: Where r google's charts, i found
brach's /
(09:19 AM) tomsurf: Tom- in todays
folder
(09:19 AM) Tom_B: k :)
(09:22 AM) tippet: 10am number
housing starts Jan
(09:24 AM) Buffy_04364: tks tippet
(09:25 AM) Buffy_04364: nq making a
trangle in premarket trading
(09:29 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-25/Buffy-PYRA%20tos%20bos1.gif
(09:29 AM) dave_b_quik: g'morning
all
(09:29 AM) Buffy_04364: hi Dave
(09:30 AM) ppusa: broke 5 min 20 bar ma
all sessions 7:30 EST
(09:30 AM) Buffy_04364: do you use
all session on your 5 and 15 charts pp?
(09:31 AM) Buffy_04364: tos and bos
figures are posted pp
(09:31 AM) ppusa: not during day for
what was discussed
(09:31 AM) Buffy_04364: k
(09:31 AM) plevin: GM all
(09:31 AM) Buffy_04364: Hi
(09:31 AM) tippet: 20ema60 here
(09:31 AM) Buffy_04364: housing
report at 10
(09:32 AM) tippet: and trendline
(09:32 AM) ppusa: but thought i would
mention this now because of same setup
(09:32 AM) Buffy_04364: k
(09:34 AM) ppusa: 5 days down says
higher high
(09:34 AM) ppusa: got that
(09:35 AM) ppusa: 10 and 15 are looking
for reversals.need higher or sideways first
(09:36 AM) oddplayer: 110 is my resistance...hoping
to see 1125 as last resistance today
(09:38 AM) ppusa: show me a 1-2-3
(09:39 AM) tomsurf: 1379= r1
(09:39 AM) oddplayer: big buying still
(09:39 AM) tippet: es stuck?
(09:39 AM) oddplayer: in forward
(09:40 AM) ppusa: LS
(09:40 AM) tippet: quote on es
please?
(09:40 AM) p_8: 1097
(09:40 AM) Buffy_04364: 1097
(09:40 AM) oddplayer: bids
(09:41 AM) oddplayer: hod 99
(09:41 AM) tippet: thanks
(09:41 AM) p_8: np
(09:41 AM) oddplayer: 7.0
(09:42 AM) ppusa: i don't quite see
what i want to see but 25 point PN is a possibiklity close to here
(09:43 AM) ppusa: PN=PB
(09:45 AM) oddplayer: sure....morning program
buy..hope for another
(09:47 AM) Buffy_04364: lower high?
(09:47 AM) oddplayer: yeah bounced down earlier
(09:47 AM) Buffy_04364: your 123
pp?
(09:48 AM) oddplayer: flat +4.25
(09:48 AM) ppusa: short
(09:49 AM) ppusa: don't like that much
(09:49 AM) tippet: kissback to
broken trenldline ?
(09:49 AM) ppusa: gonna cover quick
(09:49 AM) ppusa: looks good but
(09:50 AM) tippet: here
(09:50 AM) ppusa: out
(09:50 AM) ppusa: hitting uptrending ma
on 1 min
(09:50 AM) ppusa: didn't like the
approach and waiting
(09:50 AM) tippet: 20ema3 also
(09:51 AM) ppusa: 1- point reversed
(09:51 AM) ppusa: 1-=10
(09:52 AM) ppusa: told tippet premarket
- higher then a flag then maybe higher again
(09:52 AM) scorp: IB message
(09:52 AM) Buffy_04364: tks
(09:53 AM) Buffy_04364: with that
and report might as well go do something constructive :-)
(09:53 AM) Buffy_04364: brb
(09:53 AM) ppusa: 15 says reversal but
this consolidation looks like a flag on the 5
(09:54 AM) oddplayer: starts to make me wonder
about IB...
(09:54 AM) tippet: trenldine bounce
(09:54 AM) alan123: probs with ib?
(09:55 AM) dave_b_quik: ib is gonna
have no GLOBEX trading for 2 minutes
(09:55 AM) alan123: ty dave
(09:55 AM) tippet: # soon
(09:55 AM) Tom_B: gotta hve a bkup with IB
(09:55 AM) alan123: yep
(09:55 AM) ppusa: that may have been it
(09:58 AM) ppusa: higher low
(09:58 AM) oddplayer: sure looks long to me
(09:58 AM) ppusa: looks like congestion
(09:59 AM) ppusa: bull flag maybe?
(09:59 AM) ppusa: PnF a little to
overbought for me to jump in long
(10:00 AM) oddplayer: exoect 1100 resistance, but
it sure is being pressed
(10:00 AM) ppusa: short
(10:00 AM) ppusa: out
(10:00 AM) tippet: number PP
carefujl
(10:00 AM) scorp: DJN: *DJ US Jan Existing Home
Sales Up Record 16.2% To 6.04M Rate
(10:00 AM) ppusa: short??????
(10:01 AM) ppusa: lower high??????
(10:01 AM) ppusa: waiting
(10:01 AM) ppusa: has nice trendline to
break
(10:02 AM) scorp: i'm waiting too, but for a number
of reasons
(10:02 AM) oddplayer: since open
(10:02 AM) oddplayer: looking for 1125
(10:03 AM) Tom_B: up agnst it right hre
(10:03 AM) ppusa: short
(10:04 AM) scorp: is IB back?
(10:04 AM) ppusa: covered
(10:05 AM) ppusa: pattern is definately
rolling over
(10:05 AM) oddplayer: market needs a breather
(10:06 AM) tippet: kinda expanding
triangle on nq ... want to feel like what its like to be in a blender
(10:07 AM) ppusa: yes i don't see any
break and drop 50 point entry......just scalps
(10:08 AM) Tom_B: hve HOD as pretty good res..hit some
#'s there but clos eto becoming a trnd chnge , so waiting
(10:09 AM) p_8: has anyone traded
with IB since the last announcement?
(10:09 AM) scorp: no
(10:09 AM) p_8: k
(10:09 AM) ppusa: think that was it
(10:10 AM) ppusa: ???
(10:10 AM) tippet: was what?
(10:10 AM) scorp: pp, end of selling or buying?
(10:11 AM) ppusa: that move to 74 may
be the end
(10:11 AM) scorp: i dont see much of a direction,
but..
(10:11 AM) oddplayer: sellers can't take over and
buyer have to decide about running it up
(10:11 AM) ppusa: hour chart says might
get more retracement
(10:11 AM) ppusa: not in a hurry to do
anything
(10:11 AM) scorp: i would 75ish as resistance,
short term
(10:11 AM) Tom_B: I'm wait ing for a test of top or
hldng gap...might be trgnge 4 a while ...lng VRY close
(10:12 AM) tippet: exp triangle
posted maybe up to the top of tri now
(10:12 AM) ppusa: yes 74 wasn't
"it" so?
(10:12 AM) scorp: so much for my 75 resistance
(10:12 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-25/tippet%205min%20expnding%20triangle5.jpg
(10:13 AM) BrainStorm: choppy
(10:13 AM) ppusa: longer term PnF says
higher ... 15 point says pullback
(10:13 AM) tippet: same idea
(10:13 AM) BrainStorm: think theuy are trying to gun
the shorts below the night/morning session
(10:14 AM) ppusa: expanding triangle
(10:14 AM) BrainStorm: but some resistance to them
taking it down
(10:14 AM) tippet: DOW poking up
out of rising wedge and trendline off 5/22 highs
(10:14 AM) tomsurf: trin .54
(10:15 AM) tippet: bears are
looking for classic poke above this wedge and eventual breakdown to short
(10:15 AM) p_8: es looks better
than nq
(10:16 AM) oddplayer: squeeeeze them shorts
(10:17 AM) ppusa: 5 waves up on very
short term chart from low to here
(10:17 AM) tippet: where odd ..es
coming up to 2/21 hod..careful
(10:18 AM) p_8: and 2/18 gap
(10:18 AM) p_8: 2/19 rather
(10:19 AM) ppusa: es new high nq did
not
(10:20 AM) tippet: nq at hod filled
the gap mission fulfilled for now?
(10:20 AM) ppusa: 10 minutes until new
hour
(10:20 AM) tippet: 3little indians
nq?
(10:20 AM) plevin: H&S or
triple top?
(10:21 AM) ppusa: 3 indians and 5 waves
(10:21 AM) tippet: so look short if
this up fails?
(10:22 AM) tippet: 20ema below and
trendline and 200ema//blah blah blah
(10:22 AM) ppusa: now contracing
triangle
(10:22 AM) ppusa: contracting
(10:23 AM) Tom_B: This is key supp hre now
(10:23 AM) p_8: long need to wait
until es decisively break 1103 resistance, imho
(10:24 AM) tippet: SOX poss rising
wedge on 5 min
(10:24 AM) scorp: PnF helping here?
(10:24 AM) ppusa: think still a short
but might not drop much...just enough to put in a LOD
(10:24 AM) plevin: Buffy, scorp - I
guess cornbread got 'feed'up
(10:25 AM) scorp: lol
(10:25 AM) BrainStorm: must be orders round 64 & 56
Id guess they seem to be having trouble taking it down to get them
(10:26 AM) tippet: sox looking at
lower wedge line
(10:26 AM) Tom_B: Lng hre
(10:26 AM) ppusa: a down bar on the 15
min chart might signal the completion of a bull flag
(10:26 AM) Tom_B: It will be quick if wrong
(10:27 AM) Tom_B: out
(10:27 AM) ppusa: PnF says likely down
first
(10:29 AM) tippet: bounce off
trendline of expanding triangle phone
(10:29 AM) ppusa: new hour just
starting
(10:29 AM) Tom_B: lng
(10:30 AM) ppusa: this is fun
(10:31 AM) oddplayer: not a hard long with good
entry and stops set
(10:32 AM) Tom_B: pass fish foro stp too close on 1st
trde.. lng 70.5 , 68 stp
(10:32 AM) oddplayer: unless all that trading range
continues we had last week
(10:32 AM) tomsurf: IB back
(10:34 AM) ppusa: fish coming up
(10:34 AM) Tom_B: lol
(10:36 AM) ppusa: ))}<0000'>
(10:36 AM) Tom_B: :)
(10:36 AM) Buffy_04364: hmmm must
of missed some lines there for sure
(10:37 AM) Tom_B: if gets undr 61 then 44 or lwr poss
(10:39 AM) ppusa: you know what might
make sense is a lot of sideways until later in the day then a final push lower to complete
bigger flag (like a 1-2) followed by a rally
(10:39 AM) tomsurf: 1361 looks to
be 15min20ema
(10:39 AM) ppusa: wave 2's usually are
flat patterns
(10:39 AM) tippet: falling wedge ?
(10:40 AM) ppusa: 165 minute flag
(10:40 AM) ppusa: ???????
(10:40 AM) ppusa: 165=15
(10:40 AM) dave_b_quik: let's see
if we can expand this range past 16 NQ points...
(10:40 AM) scorp: that might be asking a bit much
(10:41 AM) scorp: can you imagine what the summer
is going to be like
(10:41 AM) Tom_B: lng
(10:41 AM) tippet: 200ema ma on
5min are flat and were in the middle of the rising channel
(10:43 AM) ppusa: could be a sell
again?
(10:43 AM) ppusa: i think the low is
gonna get hit again
(10:43 AM) Tom_B: lng 72, 66 stp
(10:44 AM) Tom_B: this is tough
(10:44 AM) ppusa: yes because could be
a flag on 15 min
(10:44 AM) tippet: may not be the
time to shoot for huge moves
(10:45 AM) Tom_B: BUT Magic 8 ball has me lng only
(10:45 AM) ppusa: i think that will be
the situation
(10:45 AM) ppusa: 6 point overbot??????
(10:45 AM) kingpin_broker: do we have any active
traders in here?
(10:46 AM) ppusa: no we are all just
paper traders
(10:46 AM) kingpin_broker: really?
(10:46 AM) ppusa: trying to get a feel
for the market
(10:46 AM) p_8: yep kingpin
(10:46 AM) ppusa: what do you think
here kingpin?
(10:46 AM) ppusa: up sideways or down?
(10:46 AM) kingpin_broker: im long 20 nq
(10:47 AM) ppusa: from friday?
(10:47 AM) kingpin_broker: this morning
(10:47 AM) dave_b_quik: why?
(10:47 AM) ppusa: around 35?
(10:47 AM) kingpin_broker: up $1100
(10:47 AM) ppusa: when did you enter?
(10:47 AM) kingpin_broker: real time
(10:48 AM) ppusa: on the last dip?
(10:48 AM) ppusa: or the open? or?
(10:48 AM) kingpin_broker: 1370.00 avg
(10:48 AM) ppusa: great
(10:48 AM) kingpin_broker: we'll see
(10:48 AM) kingpin_broker: when are you going to go
live?
(10:49 AM) dave_b_quik: we are
live, whadayamean?
(10:49 AM) BrainStorm: think most are 'live'
(10:49 AM) ppusa: you mean actually
trade?
(10:49 AM) kingpin_broker: do most of you trade
electronically?
(10:49 AM) p_8: enlighten us
kingpin, what prompted u to go long this am
(10:49 AM) kingpin_broker: yes actually trade
(10:49 AM) ppusa: i have live quotes
(10:49 AM) kingpin_broker: what prompted me?
(10:49 AM) kingpin_broker: a few reports came out, and
the market over reacted, i think
(10:50 AM) kingpin_broker: time will tell if i am right
or not
(10:50 AM) p_8: k
(10:50 AM) kingpin_broker: do you all trade
electronically?
(10:51 AM) kingpin_broker: any one like PATSystems
(10:51 AM) ppusa: my charts say that
1355 would make them very happy
(10:51 AM) Tom_B: not me pp
(10:51 AM) kingpin_broker: what do you guys use?
(10:51 AM) Tom_B: happy
(10:51 AM) kingpin_broker: and ladies?
(10:51 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-25/Buffy-3M_with_fibs3.gif
(10:51 AM) bgulch: kingpin--have an objective to
profit?
(10:51 AM) ppusa: the ladies left us
(10:51 AM) BrainStorm: use proptrader myself...not that
keen on it
(10:51 AM) scorp: nice chart Buffy
(10:52 AM) kingpin_broker: i trade a pyramid type
system.
(10:52 AM) kingpin_broker: why not keen on it?
(10:52 AM) kingpin_broker: try to let my first layer
ride.
(10:52 AM) BrainStorm: all the futures systems seem
archaic compared to the equities stuui (cybertrader real tick etc)
(10:53 AM) scorp: whos ticki chart is that ?
(10:53 AM) kingpin_broker: archaic? PATS is state of
the art!
(10:53 AM) BrainStorm: I'll check it out which brokers
offer it ?
(10:53 AM) kingpin_broker: i do
(10:53 AM) kingpin_broker: Fast Market Trading GRoup
(10:53 AM) tippet: SOX hod
(10:54 AM) BrainStorm: can you nudge stops up and down
with a single key stroke ?
(10:54 AM) ppusa: yes
(10:54 AM) kingpin_broker: yes
(10:54 AM) ppusa: 1380 will break but i
can't tell you when
(10:55 AM) Tom_B: if can clear this 83 - 85 area then
north a bit more
(10:55 AM) oddplayer: I've been calling the big
long all day
(10:55 AM) kingpin_broker: i like my odds holding this
position
(10:55 AM) oddplayer: hope to be right
(10:55 AM) kingpin_broker: i have clients on realtick,
but it keeps locking up on them
(10:55 AM) kingpin_broker: PATS youcan trade right off
the quote screen.
(10:55 AM) ppusa: i am gonna say this
only once more......1355 is potential LOD
(10:55 AM) Tom_B: All chnls up & outside 30m dwn
chnl
(10:56 AM) scorp: pp, 55 or 65?
(10:56 AM) Buffy_04364: NQs tick
chart
(10:56 AM) ppusa: there was 6 point
(10:57 AM) ppusa: 15 still holding flag
pattern unless it gets a bar with a lower low
(10:57 AM) BrainStorm: thanks buffy over 1020
(10:58 AM) kingpin_broker: is anyone looking for a good
broker?
(10:58 AM) kingpin_broker: im out
(10:58 AM) kingpin_broker: flat
(10:58 AM) tippet: 60 min chat is
in a nice rising wedge i'm having a tough time thinking this is real bullish
(10:58 AM) kingpin_broker: sold 20
(10:58 AM) kingpin_broker: 1373
(10:59 AM) BrainStorm: Just checked out
patsystems..using there platform re-badged
(10:59 AM) kingpin_broker: with who?
(10:59 AM) ppusa: kingpin i have an
idea?
(10:59 AM) BrainStorm: PMB
(10:59 AM) kingpin_broker: who do you trade through?
(10:59 AM) kingpin_broker: who is your broker?
(10:59 AM) ppusa: post an ad here for
your services and then let's concentrate on setups
(10:59 AM) kingpin_broker: shoot the idea
(10:59 AM) tippet: 60min bear flag?
(11:00 AM) kingpin_broker: sure
(11:00 AM) Buffy_04364: could very
well be tippet
(11:00 AM) BrainStorm: hehe Im a buyer BO high of this
chop and a seller BD low thats my ste up
(11:01 AM) ppusa: i am gonna
nap.........my setup is a blanket
(11:01 AM) kingpin_broker: Fast Market Trading Group...
www.fastmarketgroup.com...active e-mini traders...$7.50 all in...excellent broker backup.
(11:01 AM) BrainStorm: though I still believe there are
sell orders that are easily gunnable just a question of when
(11:02 AM) ppusa: http://www.fastmarketgroup.com
(11:03 AM) FrankT: Volume waning now
(11:03 AM) tippet: 60min wedge
posted
(11:03 AM) kingpin_broker: yes
(11:03 AM) Tom_B: out b/e
(11:04 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-25/tippet%2060%20min%20rising%20wedge6.jpg
(11:04 AM) Buffy_04364: so far it
is
(11:04 AM) Tom_B: is hldng supp so far
(11:05 AM) ppusa: the hour chart bars
are very long which makes me believe along with PnF that there will be some chop
(11:05 AM) Buffy_04364: if that 3m
chart is first half of butterfly...............
(11:05 AM) ppusa: really??? chop PP???
(11:05 AM) Tom_B: shld be 1 more push
(11:06 AM) ppusa: you know that stuff
you mentioned 2 hours ago?
(11:06 AM) tomsurf: bbands have
really contracted
(11:06 AM) ppusa: oh right
(11:06 AM) tomsurf: ES and NQ
(11:06 AM) ppusa: nap time
(11:06 AM) ppusa: brb
(11:06 AM) afzal_30: hi
(11:07 AM) Buffy_04364: hi
(11:07 AM) Tom_B: so we stay in a 10 pt range for a
while ?
(11:08 AM) BrainStorm: not even getting nice swings
across the range now :(
(11:09 AM) FrankT: volume very low now
(11:09 AM) Tom_B: Seems to me u either hld a long thru
the chop.. (not) or snooze
(11:10 AM) FrankT: Is this the last push Tom?
(11:10 AM) BrainStorm: still wouldnt be happy long
until weve hit the pivot from the out of hours at 56
(11:10 AM) oddplayer: I think lunch will buy it up
(11:11 AM) Tom_B: Cud be another push..evn highr high
then don't know ..favor lng side at the moment
(11:11 AM) BrainStorm: more action last monday and that
was a holiday !!!
(11:13 AM) Buffy_04364: ALAN123 -
can't reply - the following is the link you are looking for
(11:13 AM) BrainStorm: long from 77.5
(11:13 AM) Buffy_04364: http://www.activitybar.homestead.com/Intraday.html
(11:13 AM) Tom_B: Gotta junk this 1min chrt...got me
outa lng frm 72 :(
(11:13 AM) BrainStorm: covered 79
(11:14 AM) Tom_B: good Brain
(11:14 AM) BrainStorm: more arcade than trading :\
(11:15 AM) Tom_B: Actually it iddn't get me out, i did
, grrr
(11:17 AM) luciyao: i hold to 1390
(11:17 AM) BrainStorm: O ohh...everyones esignal OK ?
(11:17 AM) Tom_B: k hre
(11:18 AM) FrankT: smax doesn't like this action...
(11:18 AM) alan123: ty
(11:18 AM) BrainStorm: had a long (20+ seconds) no data
period
(11:18 AM) BrainStorm: Ok now
(11:20 AM) Tom_B: 85 is first trget
(11:22 AM) Tom_B: now if any energy, otherwise
retr..but doesn't look to me that this hi isi in of this rotation...if i was lng wud take
1 out @ 85 trgt & TStp 77.5
(11:27 AM) Tom_B: test, ok ?
(11:27 AM) scorp: ok
(11:27 AM) Tom_B: tnx
(11:28 AM) Tom_B: 79.5 tstp
(11:28 AM) tippet: trin tick look
good but s p8 said this could be ernmor
(11:30 AM) oddplayer: lots of buyers...just trying
to get best price..
(11:30 AM) Tom_B: pp, pass da fish just because i
dropped da ball on this trde
(11:31 AM) tippet: stalking rising
wedge on 5min
(11:32 AM) prakso3: ADDQ = negative - any significance
??
(11:32 AM) Tom_B: Bailing on that cost me 20pts...
FOLLOW UR PLAN...da
(11:33 AM) tippet: 2nd hump? one
more and completes pattern?
(11:34 AM) BrainStorm: think my most profitable
position would be in an armchair reading oe of the many new trading books that arived
today
(11:34 AM) tippet: could be 3
humpts on 5
(11:34 AM) tippet: LS
(11:35 AM) BrainStorm: ready trading in the zone by
mark douglas at the w/e whole hearted recommend distils the ideas in his first book into a
much better form
(11:35 AM) Tom_B: More imp't than technique
(11:36 AM) BrainStorm: indeed tom
(11:37 AM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-25/Buffy-3M_with_fibs4.gif
(11:41 AM) Tom_B: For me, other than refining some
subtle asects of entry/exit THAT is the OBSTACLE to CONSISTENT PROFITS...
(11:43 AM) Tom_B: aspects
(11:43 AM) scylnx: TomB "We have met the enemy and
he is us"
(11:44 AM) ppusa: ))}<0000'>
(11:44 AM) Tom_B: That's y I keep a frozen fish nearby
to hit myself with :) but hve been considering moving up to a higher form of behavior
modification like elec shock
(11:44 AM) tippet: SOX lower
trendline... 530ish area past supp now resis?
(11:45 AM) Tom_B: tipp we under ?
(11:45 AM) tippet: on
(11:45 AM) tippet: wanted another
hump
(11:45 AM) Tom_B: All roads, right now say look to buy
but i am NOT a scalper
(11:47 AM) tippet: this up
"could make 3rd hump and rt shoulder
(11:47 AM) BrainStorm: things are screaming sit on your
hands to me
(11:47 AM) Tom_B: y tipp watching 3rd hump on 15m
(11:47 AM) prakso3: scylnx - how right you are !! we
really are our biggest enemies putting us again and again into SUFFERING - one wise trader
once said " the sufferers are marked for death - so what is your suggestion to
overcome that ??
(11:48 AM) p_8: maybe do the
exercise in douglas's last chapter, prakso
(11:49 AM) scylnx: I'm down to one rule, just following
it is tough (no surprise)
(11:50 AM) p_8: with u scylnx, as
hard as sticking to a new year's resolution
(11:50 AM) prakso3: scylnx - what do you mean by that
??thx
(11:50 AM) BrainStorm: looks like we just moved into a
slightly higher narrower range
(11:51 AM) Tom_B: I do good on the test in the book but
in actual trading I hve Lapses.."as Buffy says "Senior moments", lol
(11:51 AM) prakso3: p-8 - where could I get this book -
I live in Mexico ?? thx
(11:52 AM) p_8: order from amazon
(11:52 AM) scylnx: I'm a believer in KISS, so I've
narrowed it down to "Never turn a profit to a loss -- all the rest is
commentary"
(11:52 AM) Tom_B: I've tried systemitizing my trading
at various times to compensate for my weakness...same problems with following system...
(11:52 AM) prakso3: ok thx p_8
(11:53 AM) p_8: np
(11:53 AM) tippet: getting 3rd lil
hump? 3mn...sox hanging on by thread ot channel line
(11:53 AM) Tom_B: Everything hre says up..prob whn or
if pbk..imho
(11:54 AM) ppusa: i sold the q's i bot
from Friday here. that's how convinced i am of up
(11:55 AM) ppusa: i wanted to hold for
90 but i couldn't wait
(11:55 AM) BrainStorm: the exercise he offers is just
about identicla to a trade mangement scheme that Joe Ross advocates
(11:55 AM) tippet: TOM why up and
how far
(11:55 AM) Tom_B: too soon 4 trgts but hve CIT I gotta
buy it
(11:56 AM) prakso3: scylnx - thx for saying that - deep
in aou heart we all know it - I think - the only obstacle seems to be that wee all want to
outsmart our charts (footprints of the money) and in return get burned
(11:56 AM) p_8: mind u prakso, the
exercise in the book is very simple, and tempting to just shove it aside, but like scylinx
said, it's surprisingly hard to do when u actually try to do it.
(11:56 AM) Tom_B: This is a correction against dwntrnd,
main trnd dwn bt in the TFrames we trde path of least res is up, imho
(11:57 AM) oddplayer: my target is 1115.....with
1125 hardrock resistance
(11:57 AM) tippet: so short term as
in....days to relieve over sold condition
(11:58 AM) Tom_B: hve 1430 as a poss but wudn't bet the
bank,k on it
(11:59 AM) Tom_B: Take out WEd's SWH
(11:59 AM) Tom_B: Of course hve no idea if we'll get
there but MUST be lng..
(12:00 PM) scylnx: I so deeply believe in (a)
simplicity and (b) that I'm my own worse enemy that I chart price only - no indicators
(except for an occasional BB)
(12:00 PM) Tom_B: watching it float away is bothering
me WHERE is the PBK...
(12:01 PM) oddplayer: now, lets get the internals
looking better
(12:04 PM) sb17: triple top possible in ES
(12:05 PM) Tom_B: this has pwr under it, imvho
(12:06 PM) ppusa: still walking up the
ma's on the 5 min all sessions
(12:06 PM) Tom_B: pbk poss at any time also may just
keep floating up
(12:06 PM) Tom_B: long 1 unit
(12:06 PM) ppusa: not overbought really
... just slow consolidated move up
(12:06 PM) ppusa: however.......PnF
says the plug will get pulled
(12:07 PM) dave_b_quik: 5m rising
wedge inside 15m rising wedge (NQ)
(12:07 PM) Tom_B: y pp...hrd to buy it kept waitng for
pbk but price keeps moving away..thnk shrts and those who want to get lng will come for it
(12:07 PM) Buffy_04364: tagging tos
(12:07 PM) ppusa: that's why i decided
a nap was in order
(12:07 PM) Tom_B: # at 89 also Buffy
(12:08 PM) Tom_B: is that ur tos ?
(12:08 PM) oddplayer: if they don't stop it
here...it doesn't get stopped,...I'm still looking for 1115
(12:09 PM) Buffy_04364: 1389.11
(12:09 PM) Tom_B: 89.25 :)
(12:10 PM) ppusa: i had 1403 as
potential HOD with 90 a minimum
(12:10 PM) ppusa: then after that
possibly 1550 to 1600
(12:10 PM) prakso3: Tom_B you are saying _out_ right ??
(12:10 PM) Tom_B: ? y 4 me
(12:12 PM) Tom_B: this # hre is some res, will it take
it out , don't know ?
(12:12 PM) tippet: 3rd hump
(12:13 PM) Tom_B: if it does...then another 9 - 10 pts
(12:14 PM) oddplayer: somewhere its said...if you
don't trade you convictions, you call yourself a liar
(12:14 PM) tippet: 79%2/21 hod
(12:14 PM) Buffy_04364: lots of ib
(12:15 PM) oddplayer: yes
(12:15 PM) Buffy_04364: tks tippet
(12:16 PM) oddplayer: charts turning into a short
covering pattern
(12:16 PM) luciyao: i take 17 pionts profit here
(12:16 PM) oddplayer: did my clock stop, or is it
only 11:15
(12:16 PM) Tom_B: luc, nice trade
(12:16 PM) oddplayer: darn slow morning
(12:17 PM) Buffy_04364: with all
the tight range bars whichever way it goes it should go with conviction IMO
(12:18 PM) Tom_B: YES
(12:19 PM) Tom_B: This is the pause that refreshens
(12:19 PM) oddplayer: second meaning off brb=
(12:19 PM) oddplayer: bath room break
(12:20 PM) ppusa: darn close to
overbought
(12:22 PM) ppusa: might have been 1389
(12:22 PM) Tom_B: w:4
(12:25 PM) ppusa: i like the overall
pattern here as being close to what i feel is complete
(12:26 PM) Tom_B: For shrt ?
(12:26 PM) Buffy_04364: can get a
sideways HS on 133T
(12:26 PM) ppusa: yes Tom
(12:26 PM) Buffy_04364: this is
right shoulder
(12:26 PM) ppusa: i count 5 waves and
stuff like that
(12:27 PM) Tom_B: if it take sout 82 then cud brk to 72
ish & still hld up pattern..
(12:27 PM) Tom_B: actually needs to pbk
(12:27 PM) ppusa: 5 up hour bars too
(12:28 PM) tippet: the 3rd hump
workd for now
(12:28 PM) tippet: at trendline
(12:28 PM) tippet: and 20ema5
(12:29 PM) Tom_B: shrt
(12:29 PM) Tom_B: agg shrt trm for w
(12:29 PM) Tom_B: :4
(12:30 PM) Tom_B: shrt 82
(12:32 PM) BrainStorm: conncetivity poor today :(
(12:32 PM) jimbo_320: good afternoon
all
(12:32 PM) Buffy_04364: hi jimbo
(12:33 PM) ppusa: this was jusdt a
question of waiting for the right signal
(12:33 PM) prakso3: good afternoon jimbo
(12:33 PM) jimbo_320: hi buffy prakso 5
waves up on dow
(12:33 PM) jimbo_320: on 5min
(12:34 PM) sb17: only made a little today so far
(12:34 PM) sb17: realized how much i'm giving to the
broker in commissions
(12:34 PM) sb17: lol
(12:34 PM) Buffy_04364: tks jimbo
(12:34 PM) prakso3: ppusa- you think 88.5 was the HOD??
(12:34 PM) Buffy_04364: flag here?
(12:34 PM) ppusa: yes
(12:35 PM) ppusa: because the 15 point
has been saying reverse this am
(12:35 PM) ppusa: all we've done is
have the 10 point flop around
(12:36 PM) Tom_B: still lkng at 72ish
(12:36 PM) ppusa: to me it was just a
question of waiting for the right short entry.........for others it was a buy
(12:36 PM) Tom_B: HEY..court is out, imvho...evntho I'm
shrt
(12:37 PM) tippet: hit 50% day
(12:37 PM) ppusa: what?
(12:40 PM) ppusa: you know the setup i
was discussing over the weekend?
(12:40 PM) ppusa: the type of cross
that would net you a nice trend
(12:41 PM) lionsss: yes pp I have
been watching
(12:41 PM) ppusa: so scalp away
(12:42 PM) ppusa: right now price is
under the 5 so an approach to the 15 and break of it's 20 would not be clean
(12:42 PM) ppusa: under the 20 on the 5
(12:43 PM) ppusa: maybe this will
become the rubric for trend following
(12:44 PM) ppusa: still need a lower
high
(12:44 PM) ppusa: and a break of a
trendline for any kind of sustained pb
(12:45 PM) jimbo_320: w bottom on dow
30?
(12:45 PM) Tom_B: lng
(12:45 PM) Buffy_04364: we do not
use mic during the day
(12:47 PM) ppusa: is this going to be
the high of this hour
(12:47 PM) oddplayer: I really have trouble reading
short into today's chart....
(12:48 PM) oddplayer: unless I consider the longer
term trend as stopper
(12:48 PM) ppusa: but i have a hard
time reading buy and hold too
(12:49 PM) ppusa: should be
aggressively scalping
(12:49 PM) oddplayer: from here true....we'll have
to bust through
(12:49 PM) oddplayer: even drawing a intraday
trendline gives scalping entries
(12:53 PM) Tom_B: This si tough..pp, i agree i see
either scalateria for a while or more drift up...unless this brks dwn I still see up so
i'm lng
(12:53 PM) scorp: 1:00 hop coming
(12:54 PM) ppusa: i told tippet before
the market opened that at 7:30 EST there was a breakout on all sessions chart that set the
tone for today. So after open i thought pullback then higher. I mentioned the 15 minute
chart flag and the 50 bar ma on the 5 minute all sessions chart that nq has been using as
a guide. BUT all the while i have been hedging because i've been looking for PnF reversals
(like the 6 point).
(12:54 PM) ppusa: maybe it doesn't help
the room to be so wishy washy
(12:55 PM) Tom_B: Mkt's wishy washy..
(12:55 PM) Tom_B: Got res right hre
(12:55 PM) 9r: short 85.00
(12:55 PM) tippet: h&s top
possible
(12:55 PM) ppusa: maybe that's the
answer Tom because i have stressed chop
(12:56 PM) ppusa: hopefully the room
understands and what i have said benefits
(12:57 PM) Tom_B: I hope my longer trm gives a contxt
for your dancing in between the waves
(12:57 PM) Tom_B: I'm just not a good scalper
(12:57 PM) scorp: i lost esigna;
(12:57 PM) Buffy_04364: ok here
(12:57 PM) Tom_B: ok hre
(01:01 PM) Tom_B: Buffy u getting data /
(01:02 PM) Tom_B: it's bk
(01:02 PM) thoff: buffy, how do I get on your email
list?
(01:02 PM) tippet: es laggnign
(01:02 PM) scylnx: ski11z-y
(01:02 PM) Buffy_04364: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-25/Buffy-3M_with_fibs6.gif
Paltalk: An Instant Dating session has just
started. If interested, come join one of the lobbies in the Instant Dating category now.
(01:03 PM) Tom_B: nq 86 ?
(01:03 PM) tippet: y
(01:03 PM) dave_b_quik: y
(01:04 PM) Tom_B: thks
(01:04 PM) Buffy_04364: that link
shows it testing the tl
(01:04 PM) Tom_B: Buffy, ur data drop in & out ?
(01:04 PM) jimbo_320: added time, tick
and volume charts to my software, anyone think of any other ?
(01:04 PM) Buffy_04364: yes but
tracert says net problem
(01:04 PM) Buffy_04364: it freezes
then bursts
(01:05 PM) Tom_B: k...tnx
(01:05 PM) Tom_B: helps the bld prssure :)
(01:05 PM) Tom_B: still lng :)
(01:05 PM) oddplayer: I wasn't receive HQ data most
of the morning....kept looking and wondered why the targets
(01:06 PM) oddplayer: NQ's
(01:06 PM) oddplayer: personally...I don't see how
you can cover comissions trading NQ's
(01:07 PM) Tom_B: WHAT ?
(01:07 PM) tippet: ???
(01:07 PM) Tom_B: Depends wht u define as
"trading'
(01:07 PM) scorp: wish i was long
(01:07 PM) Tom_B: spkng of which i need to do
(01:08 PM) oddplayer: yes....trading the big ND
cost so much less if you're risking that much money
(01:09 PM) Tom_B: hve 95-1400 as close trgt for
unloading 1
(01:09 PM) Tom_B: odd, sry, ur not making any sense to
me..
(01:10 PM) tippet: 1400 38% off
2/14
(01:10 PM) Tom_B: tnx tipp
(01:11 PM) tippet: es no new hig
and poss sell diver on nq if we pull back here
(01:11 PM) tippet: creating larger
rising wedge
(01:11 PM) Tom_B: tiipp, ur scaring me :)
(01:12 PM) tippet: u know im too
bearish for my own good right now
(01:12 PM) tippet: nice long entry
earlier
(01:13 PM) oddplayer: 1st trade on the day is the
most important...thats when you find out if you put you head on backwards or right
(01:14 PM) Tom_B: i came in bearish but have to listen
to the mkt...
(01:14 PM) ppusa: bearish?
(01:14 PM) ppusa: 5 days down and you
were a bear?
(01:14 PM) Tom_B: that means dwn, pp
(01:14 PM) ppusa: grr
(01:14 PM) Tom_B: yep...wht makes u thnk it cudn't go
dwn 6 ?
(01:15 PM) ppusa: you came in bearish
and have been buying......i came in bullish and have been selling
(01:15 PM) Tom_B: LOL
(01:15 PM) oddplayer: LOL
(01:15 PM) ppusa: my 50 poiint PnF
chart said no 6 days down
(01:15 PM) oddplayer: i hate doing that
(01:15 PM) Tom_B: I come in with a set of possibilities
& whn they change, I change
(01:16 PM) ppusa: i came in long from
friday
(01:16 PM) Tom_B: Unerstand but this is omly another
correction to me..
(01:16 PM) ppusa: hey i see a trendline
on the 5 minute chart now
(01:16 PM) prakso3: came in bearish - sold- at the
wrong time - got out with $5
(01:17 PM) luciyao: i shrot 1390
(01:17 PM) ppusa: one thing nq hasn't
had is a trendline to break
(01:17 PM) Tom_B: wht's hrd about trying to hld these
positions is knowing these retrace's wre going to happen
(01:17 PM) Buffy_04364: this could
be rO4 on 4M
(01:17 PM) Buffy_04364: whoops 5M
(01:17 PM) Buffy_04364: ?
(01:19 PM) ppusa: 5 minute 20 bar ma
right here
(01:19 PM) ppusa: es did not make a new
high on that last push
(01:19 PM) ppusa: hasn't broken down
yet either
(01:19 PM) oddplayer: all this noise....
(01:19 PM) Tom_B: don't let it distract ya :)
(01:20 PM) tomsurf: ES in a huge
4pt range
(01:20 PM) ppusa: i am short 10 nq here
on paper
(01:20 PM) Tom_B: That'll fatten up ur bank acct :)
(01:20 PM) oddplayer: it at an entry
(01:21 PM) ppusa: i can paper
trade....keep my mind occupied
(01:21 PM) Tom_B: If we go sideways hre, which so far i
see, then up
(01:21 PM) Tom_B: Costs u $, ALL that paper
(01:21 PM) oddplayer: we could play bridge online
(01:24 PM) Tom_B: Time is wht ti'm watch ng now..Buffy
hw does Pyra look ?
(01:26 PM) Buffy_04364: tos
(01:26 PM) Buffy_04364: think lower
high
(01:26 PM) Tom_B: DO u project a # 1399.75 ish ?
(01:26 PM) ppusa: added to short 10
more
(01:27 PM) oddplayer: averaging??
(01:27 PM) oddplayer: to recover...pp?
(01:27 PM) oddplayer: buying happening
(01:27 PM) luciyao: i stop from trade
(01:28 PM) ppusa: i better sell 20 more
(01:28 PM) oddplayer: so I could have this also
(01:28 PM) oddplayer: 100 soon PP
(01:28 PM) ppusa: 100000
(01:29 PM) oddplayer: this isn't blackjack
(01:29 PM) tippet: upper wedge line
(01:30 PM) ppusa: i haven't traded
since this am other than selling q's
(01:31 PM) oddplayer: if ur bullish...why sell Q's?
(01:31 PM) Tom_B: out 1
(01:31 PM) ppusa: let's watch and see
how this plays out
(01:32 PM) scorp: i traded and it was a major
mistake
(01:32 PM) oddplayer: see...I need a person
secretary to help me obey my trading rules....by myself, I'm awful
(01:32 PM) oddplayer: scorp....1099 was the entry
(01:33 PM) ppusa: usually if the market
doesn't pullback like i expect it means it is going to put in a top.
(01:34 PM) Tom_B: out 1 +10
(01:34 PM) tomsurf: just looks like
a slow grind up here
(01:34 PM) oddplayer: if I had more bucks, I'd
trade heavier
(01:35 PM) ppusa: top again?
(01:36 PM) ppusa: coming off
(01:36 PM) oddplayer: they are trading their
numbers well
(01:36 PM) Tom_B: out #2 +8.5 :)
(01:37 PM) FrankT: ES may push thru here
(01:37 PM) oddplayer: next quote
(01:38 PM) ppusa: i've been watching es
and it does look like needs to clear it's other daily highs by more
(01:38 PM) tippet: es coming up to
the 20ema daily at 4
(01:38 PM) oddplayer: "not liquidating a
losing position, even after you've acknowledged its potential is greatly diminished"
(01:39 PM) ppusa: i am looking hard
here for a short entry
(01:39 PM) ppusa: hot that hard though
(01:40 PM) ppusa: the 20 bar ma is
slopped up on the 15 min chart
(01:40 PM) Tom_B: I shd still be lng on 2nd unit has
not hit trgt yet but there was res at 94.5ish
(01:40 PM) Tom_B: or tsp
(01:40 PM) oddplayer: come on 1115
(01:40 PM) ppusa: i guess Tom because i
sure haven't seen a short entry
(01:41 PM) Tom_B: 96 is head banging for this
(01:41 PM) oddplayer: I should set my target @ 1107
(01:41 PM) ppusa: i had my pats system
ready to see 25 nq
(01:41 PM) ppusa: short
(01:41 PM) Tom_B: hve shrt trm #'s there but don't pay
too much attention to them
(01:41 PM) ppusa: gonna try
(01:42 PM) ppusa: yeehaw
(01:42 PM) ppusa: out
(01:43 PM) oddplayer: did that cover comissions
(01:43 PM) ppusa: one more high?
(01:43 PM) ppusa: 93 to 91.5
(01:43 PM) oddplayer: 20 bucks a point ...right?
(01:44 PM) ppusa: i am not going to
stay in any short here that doesn't immediately drop
(01:44 PM) ppusa: yes
(01:44 PM) scorp: i simply can't trade
(01:44 PM) ppusa: i don't recommend
trading here
(01:44 PM) oddplayer: scorp....its easy to trade
every trade wrong
(01:44 PM) ppusa: not yet
(01:45 PM) ppusa: not until a clear cut
sell signal
(01:45 PM) oddplayer: sell signal coming @ 1115
(01:46 PM) Tom_B: scorp...need to find your thing...not
try to be what evyone else is... a lot of diff stuff bantered abt hre... what pp
"does" I absolutely can't do..& I've tried...just not my thing
(01:46 PM) ppusa: my PnF doesn't say
sell it says look for a sell
(01:47 PM) Tom_B: Ex...I can't shrt this mkt..others
can comforably do that for a quik scalp...for me there's no % in it...took me a long time
to figure it out
(01:47 PM) oddplayer: so easy to trade every trade
wrong when you are learning
(01:48 PM) oddplayer: flat
(01:48 PM) ppusa: yea and i can't enter
long here
(01:49 PM) ppusa: i have tried
Paltalk:
(01:50 PM) Tom_B: I thnk scalpng is the most demanding
part of this..wish i cud do it ... so scorp...I sugg a Best Simulation acct...save ur $ if
u don't hve a process that wrks than focus on defining a "simple" process than
consetrate on flawless execution... just my 2cts :)
(01:51 PM) tippet: 144t says short
shot here... rusubg wedge 3rd hump??
(01:51 PM) oddplayer: I not calling any longs
now....don't know what will happen
(01:51 PM) ppusa: i am not trying to
scalp here
(01:51 PM) ppusa: i am trying to get a
short off that willl trend
(01:51 PM) tippet: actually not
until trednline breaks 63.5
(01:51 PM) tippet: holding though
(01:52 PM) Tom_B: I let pp lead the charge, a
pioneer...then i sell a retr or just wait for the dip & buy it :)
(01:52 PM) ppusa: and although i like
to do that i forget
(01:52 PM) ppusa: i should follow Tom's
lead
(01:52 PM) scorp: ii'm thinking finding a job right
now might be the more prudent thing to do
(01:53 PM) ppusa: i always forget there
will be another entry
(01:53 PM) Tom_B: u shld tlk to me...:) I go to one
aftr trdng :)
(01:53 PM) ppusa: i don't hasve to pick
the exact hgihg or low
(01:53 PM) oddplayer: internals not strong
enough....anything can happen
(01:54 PM) oddplayer: I'm expecting selling
(01:54 PM) ppusa: if nq stops at 1403
which is my fib number i am going to scream
(01:54 PM) Tom_B: Still got trgt, 4 now at 99.75
(01:54 PM) ppusa: what is your target?
(01:55 PM) Tom_B: actually poss tomorrow at 1427 :)
(01:56 PM) tippet: at the apex of
wedge here on 144t
(01:56 PM) Buffy_04364: wedges all
over the place today
(01:57 PM) tippet: yup
(01:57 PM) Buffy_04364: lots of ib
5M
(01:57 PM) Buffy_04364: and others
(01:57 PM) Tom_B: Scorp...u & I shld tlk SOON, OK ?
(01:57 PM) Tom_B: All chnls r up... :0
(01:58 PM) oddplayer: I was to short @ 1103
(01:59 PM) oddplayer: place trade just as PATS goes
down
(02:00 PM) Buffy_04364: data
freezing agan
(02:00 PM) ppusa: Tom
(02:00 PM) ppusa: did you say you have
a target?
(02:01 PM) tippet: 1400 38% off the
21st then 200ema15 at04
(02:01 PM) Tom_B: 99.75
(02:02 PM) ppusa: short at 95
(02:02 PM) ppusa: crummy entry
(02:02 PM) ppusa: heading for an exit
(02:03 PM) oddplayer: I beat the drum for long all
day...now I'm Short,,,we'll see
(02:08 PM) Buffy_04364: it is
fighting this tos
(02:09 PM) ppusa: flat
(02:09 PM) Buffy_04364: ditto
(02:10 PM) Buffy_04364: getting
tired of sitting on hands but don't want to force anything that isn't there
(02:10 PM) tippet: if we make it
thru the 200ema15 there is a major trendline right above at 8ish
(02:11 PM) oddplayer: maybe I should scalp the
little noise
(02:11 PM) oddplayer: but still short
(02:11 PM) ppusa: again this looks like
a completed pattern so should get at least a miimal correction
(02:12 PM) oddplayer: hoping for 1099
(02:12 PM) ppusa: about to get an
outside bar on the 15 min chart too
(02:14 PM) tippet: es hit the 20ema
daily
(02:15 PM) ppusa: i still don't see a
clean clear cut sell
(02:16 PM) ppusa: every pullback has
been met with a rising trendline and an oversold stochastic
(02:17 PM) Tom_B: lng
(02:17 PM) tippet: the 200ema15
now3ish
(02:17 PM) tippet: 2 humps on 3min
(02:18 PM) oddplayer: out -1
(02:18 PM) tomsurf: another new
high
(02:18 PM) tomsurf: nothing but
HH's and HL's on 3min chart so far today
(02:20 PM) Tom_B: flat
(02:20 PM) Tom_B: -1.5
(02:22 PM) tomsurf: ES filled gap
down opening from last week, NQ not even close
(02:22 PM) Tom_B: tnx TOm
(02:23 PM) ppusa: 91 is this hour's low
and needs to get broken if any short is going to stand a chance
(02:24 PM) Tom_B: Need another fish
(02:25 PM) ppusa: that's anice one
(02:25 PM) tippet: would short here
but hate the fact 20ema5 right below
(02:26 PM) tippet: 3rd hump done if
we go down
(02:26 PM) dejay_8: hello all
(02:26 PM) tomsurf: tip- ya and no
COT down yet
(02:26 PM) Tom_B: shrt, vry agg...stp hod
(02:26 PM) tippet: right ugly trend
day up
(02:26 PM) tomsurf: lol, ya
(02:27 PM) ppusa: sitting on the 20 bar
ma on the 5 min
(02:27 PM) Tom_B: shrt 97
(02:27 PM) ppusa: i do not see any air
(02:27 PM) ppusa: flat approach
(02:27 PM) tippet: cowboy..tick may
break a trendline to down side here
(02:27 PM) tippet: it did
(02:28 PM) ppusa: no indication i
should sell except mid term PnF which can be wrong because short term can go either way
and long term says up
(02:29 PM) tippet: still above
recent ptrendline on 3 mn
(02:29 PM) Tom_B: This shrt is more of a cliff diver
trde... vry Cntr trnd, low prob... but i'm leaning agnst #'s so if i'm gonna..this is
where for a few pts
(02:30 PM) Tom_B: risk
(02:30 PM) tomsurf: dejay- this is
a futures trading room
(02:31 PM) Buffy_04364: ibs again
all over
(02:32 PM) tomsurf: Buffy- I don't
think we have enuff IB's today, lol
(02:32 PM) tippet: trin lower
recent highs
(02:32 PM) ppusa: actually dejay you
are in the wrong room.
(02:32 PM) Buffy_04364: LOL tom
(02:33 PM) tippet: 200ema15 comin
at u live 3
(02:33 PM) ppusa: we are just futures
(as in stock market) traders.
(02:33 PM) tippet: hit it
(02:35 PM) Buffy_04364: tks tippet
(02:36 PM) Tom_B: 1402-3 15m 200ema
(02:37 PM) Tom_B: so tipp, anymore ?
(02:37 PM) tippet: u short tom
(02:37 PM) tippet: trendline up
ahead off 1/09
(02:37 PM) Tom_B: NO..tried a scalp...not my thing
against a number -3 :(...fish trade
(02:38 PM) tippet: even the 200
only gave a few pts strong uptrend this trendlne will be tellng
(02:39 PM) tomsurf: the grind
continues
(02:39 PM) Tom_B: we cud "potentially " hit
1430ish today :)
(02:39 PM) tippet: also the 50ma
60min is piggybacked with trednline
(02:39 PM) ppusa: i picked
1403...........do you suppose?
(02:39 PM) Buffy_04364: 1403.87 tos
(02:40 PM) tomsurf: 1430 would be
about the bottom of gap Tom...interesting.
(02:40 PM) Tom_B: Tom, hmmm 27-36 actually
(02:40 PM) tippet: es squeeze
coming?? pushing te 20emadaily sox at the 20ema daily
(02:40 PM) tomsurf: I'd sure ne
surprized to see it
(02:41 PM) Tom_B: looking for a place to buy, grrr
(02:42 PM) oddplayer: someone reignite my dream of
1115
(02:42 PM) Buffy_04364: this could
be reanchor point in pyra
(02:43 PM) ppusa: hey remeber that flag
this am on the 15 minute chart??????grrrrrrrrrrrrrr
(02:43 PM) tippet: trednline off
1/09 here +/- 2
(02:43 PM) tippet: ya u shoudve
gone long and held
(02:43 PM) Tom_B: lng
(02:43 PM) tippet: good call
(02:44 PM) Tom_B: did some recalc 25-6 lkng btr
(02:44 PM) oddplayer: that was my plan...but when
did I ever trade my plan
(02:44 PM) tippet: 60min trendline
chart posted
(02:44 PM) ppusa: i base a lot of my
stuff off PnF and on a day like this I really shows it's weakness
(02:44 PM) oddplayer: PP is that in ur software?
(02:44 PM) ppusa: I really show my
weakness
(02:45 PM) ppusa: no it's all
subjective
(02:45 PM) Tom_B: Just going to ride this up (hope)
like a baloon
(02:45 PM) ppusa: the flag call this am
was a signal
(02:45 PM) ppusa: other than that it's
been guess here, guess there
(02:45 PM) oddplayer: I should exit, but I'll hold
on for my dream
(02:45 PM) Tom_B: getting ovr 15m 200ema is imp't
(02:46 PM) oddplayer: LOL
(02:46 PM) tippet: this trendline
isnt going to just rollover
(02:46 PM) Tom_B: 1408 some res
(02:46 PM) Tom_B: but bih Kahuna , (tnx pp) is 25
(02:46 PM) Buffy_04364: hitting two
day old high
(02:46 PM) ppusa: i have a friend who
buys and holds and he bot q's on Thursday. Man am i gonna hear it from him
(02:47 PM) Tom_B: Hope he bails on them today or
tomorrow..(so far)
(02:47 PM) oddplayer: I prefer buy and hold
days......but you gotta be able to call them
(02:47 PM) sb17: ES is really not a strong...it's a
chop trend
(02:48 PM) ppusa: i had 2 good PnF
signals today......an early 6 point reversal and then just recently the 6 point said
another buy signal should run
(02:48 PM) ppusa: you know the if it
doesn't go down it has to go up type signal
(02:49 PM) oddplayer: I've been trading since 94
realtime feed...you see so many charts, you know what will happen
(02:49 PM) Tom_B: Normally i'd hve 2 units but this is
in the altitude sojust 1 & 8 is res
(02:49 PM) Tom_B: Wht's gonna happen ?
(02:49 PM) ppusa: Tom i need a fish
here
(02:49 PM) tippet: trendline
holding so far trin dropping though
(02:49 PM) Tom_B: i've got 1 on the desk
(02:50 PM) luciyao: i short 1406
(02:50 PM) oddplayer: my calls were for 1115, then
dropped to 1107.....went short for awhile...
(02:50 PM) oddplayer: now I'm holding long
(02:50 PM) ppusa: es was a good
indicator today because all day it has looked like it needed to go higher
(02:50 PM) Tom_B: If i shrt i deserve a steam roller on
my bk
(02:50 PM) Tom_B: there goes 8
(02:51 PM) oddplayer: internals are impoving
(02:51 PM) ppusa: i want everyone in
the room to send me a fish ... all the lurkers, etc. everyone.......we'll do it later
(02:51 PM) oddplayer: buy MRS gorgon's and use dry
ice
(02:52 PM) oddplayer: I have a beautiful
spreadsheet done. figured on 3 pts ES gain aday....
(02:53 PM) Tom_B: GGGOOOO
(02:53 PM) oddplayer: will make a man rich that can
make only 3 points a day
(02:53 PM) oddplayer: 1-2-3
(02:53 PM) Buffy_04364: ditto sb
(02:54 PM) Buffy_04364: no
followthrough just slow directional grind
(02:54 PM) ppusa: es and dow daily
charts price is above the 20 day ma.........bottom in place???????
(02:54 PM) oddplayer: come on.....time hasn't
expired
(02:54 PM) tomsurf: grinding trend
day is the hardest to trade
(02:54 PM) Tom_B: Trndday are so hrd just float
(02:54 PM) tomsurf: for me anyway
(02:55 PM) tomsurf: at night ya
look at charts and say geez all I had to do was get long, lol
(02:55 PM) ppusa: there were several
good indicators today for grinding trend day
(02:55 PM) oddplayer: when buyers come in and
sellers reverse this market could skyrocket
(02:55 PM) ppusa: just remember today
(02:56 PM) ppusa: the breakout at 7:30
EST and the flag right off.........remember these.......patterns repeat
(02:57 PM) ppusa: some of you lurkers
print today's chart and make notes on it
(02:57 PM) tomsurf: pp- tuff thing
is all the talk about shorting....not till later in the day does everyone get it fogured
out, lol
(02:57 PM) tippet: 16. trip top
60min
(02:57 PM) oddplayer: ok...still looking for 1115
(02:57 PM) luciyao: i loos 4 points
(02:57 PM) ppusa: i agree Tom so the
next time.........let's all try to remember
(02:58 PM) ppusa: that's why i deserve
multiple fishes
(02:58 PM) oddplayer: I call trend days best
(02:58 PM) ppusa: a school
(02:58 PM) tomsurf: lol ;-)
(02:58 PM) ppusa: es was a clear
indicator today and i kept looking at it
(02:58 PM) oddplayer: buyers still haven't come
in....so squeeze not on
(02:59 PM) Tom_B: GIve them some time
(02:59 PM) sb17: alright you dogs, go ahead and take it
up there
(02:59 PM) FrankT: 3:00 a good time to reverse...
(02:59 PM) tomsurf: TomB- you've
done a real good job today :-)
(02:59 PM) BrainStorm: dint realy look like a trend set
up to me NR7 ..several compressed days mind you had low volatility and volume I supose
(02:59 PM) oddplayer: tomorrow too I expect....I'll
have an idea on the open
(02:59 PM) mj200: what fired this thing
(02:59 PM) Tom_B: tnx Tom...only needed a few fishes
(03:00 PM) oddplayer: no stopping till 1125
(03:00 PM) tomsurf: Frank- fading a
trend day can be tuff
(03:00 PM) mj200: unless a setup to sell before greene
on tues
(03:01 PM) oddplayer: 47 on the compx....that is
big
(03:02 PM) sb17: fueled idea that economy was turning
(03:02 PM) oddplayer: right...they asked me to help
on assembly
(03:02 PM) oddplayer: LOL
(03:02 PM) Tom_B: trnd days r intrstng because most ind
don't wrk, at least osc type, got to look at da chart
(03:04 PM) sb17: ES retracements on 1M are
sideways...which indicate power
(03:04 PM) oddplayer: geeez...stop looking @ 1m
(03:05 PM) sb17: welcome to the room oddplayer...most
people in here look at the 1m
(03:05 PM) oddplayer: ok...sorry I don't......but
thanks
(03:05 PM) oddplayer: I'm watching 5m right now
(03:05 PM) BrainStorm: whish I had a way of reliably
trailing a top..Id leve now if there was
(03:05 PM) Buffy_04364: what tf do
you look at
(03:05 PM) oddplayer: 4m earlier
(03:06 PM) Tom_B: out +3
(03:06 PM) sb17: 1m Isn't the only thing we look at, of
course
(03:06 PM) Buffy_04364: reanchor in
pyra
(03:06 PM) oddplayer: I follow 2m, 5m, 13m, 1hr
(03:06 PM) oddplayer: and daily view
(03:06 PM) Buffy_04364: tks
(03:07 PM) ppusa: this is why i would
rather just sit because i know as soon as i get in because i figured out what was going
on, everyone else figured it out too
(03:07 PM) Tom_B: necc pbk hre.. can't say it's ovr
yet, don't know
(03:07 PM) oddplayer: true...but if its right you
must go with it
(03:07 PM) Buffy_04364: bar 15:02
is reanchor
(03:07 PM) oddplayer: right now....I would not
enter
(03:08 PM) oddplayer: even though I expect some
gain
(03:08 PM) tomsurf: Buffy- great-
Thx
(03:08 PM) Buffy_04364: u welc
(03:08 PM) Buffy_04364: leaving
shortly hope to be back about nine
(03:09 PM) tippet: kissback to the
broken trdnline so far see if it holds
(03:09 PM) oddplayer: I do not watch a 1m chart
ever
(03:09 PM) BrainStorm: probably very wise...easy to get
wiggled if you do
(03:10 PM) Tom_B: lng
(03:10 PM) oddplayer: I trade...setting support and
resistance, then interday support and resistances
(03:11 PM) oddplayer: sure the 15 min looks good
(03:12 PM) Tom_B: lng 10, 07 stp...trgt 25ish
(03:13 PM) oddplayer: this is so quiet
(03:13 PM) oddplayer: for this time of day
(03:13 PM) ppusa: went through 5.5 so
high should be in
(03:13 PM) oddplayer: Buffy...I just love that name
(03:14 PM) ppusa: cold this run to 1440
area?
(03:14 PM) oddplayer: blow through this 1115, but
curbs will be in
(03:14 PM) Tom_B: hve 36 on the hi side
(03:14 PM) BrainStorm: funny went half lots this
am...should be double or tripple now not though
(03:15 PM) oddplayer: I went double lot
(03:15 PM) Tom_B: i'm 1 lots because kind of chasing
(03:15 PM) BrainStorm: still on half <doh>
(03:15 PM) ppusa: nq is due for a week
with a higher high (didn't expect it all today) and last weeks all sessions high was
27.5????
(03:16 PM) oddplayer: this market is DUE a reversal
(03:16 PM) tippet: 2/20hod.. trip
top here 60min
(03:16 PM) ppusa: 1439
(03:16 PM) oddplayer: shorts can't get buyers
scared to sell at 1075
(03:17 PM) ppusa: yes it is
due......completed 62% retracement
(03:17 PM) BrainStorm: before it crries on down you
mean ?
(03:17 PM) ppusa: this is a big day for
markets
(03:18 PM) sb17: let's see if ES has one more
retracement left in her
(03:18 PM) brach: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-24/Brach_NQ_Daily.jpg
(03:19 PM) oddplayer: curbs coming up here
(03:19 PM) oddplayer: maybe exit longs
(03:19 PM) oddplayer: but I'm holding on
(03:19 PM) tomsurf: branch- looked
earlier, some nice charts. Thanks ;-)
(03:20 PM) Tom_B: out lng for rotation
(03:20 PM) oddplayer: look at the sell orders
(03:20 PM) Tom_B: +5
(03:20 PM) BrainStorm: flat here prolly re-enter as son
as it churns again
(03:20 PM) oddplayer: they should remove curbs on
the up side
(03:20 PM) BrainStorm: wheres limit up at ?
(03:21 PM) Tom_B: 80 ?
(03:21 PM) oddplayer: short could really cause a
run....I'm hoping big time
(03:22 PM) tomsurf: limits are 55ES
and 80NQ
(03:22 PM) oddplayer: I'm talking about the DOW
(03:22 PM) ppusa: no limit in last 1/2
hour
(03:23 PM) oddplayer: only happens about twice a
year
(03:25 PM) oddplayer: NQ's are so fart
down.....used to be good action on them
(03:26 PM) Tom_B: fart ?
(03:26 PM) oddplayer: far
(03:26 PM) oddplayer: r& t together on my
keyboard
(03:26 PM) oddplayer: and I can't type
(03:27 PM) oddplayer: or talk, or wink, or fart
(03:27 PM) BrainStorm: thats the trouble when the
market is so low moves are that much smaller
(03:28 PM) oddplayer: come on...give me my
11115...got so close
(03:29 PM) oddplayer: internals still too weak
(03:30 PM) brach: so trade more contracts
(03:30 PM) oddplayer: I'd buy if I was looking for
an entry.....still long
(03:31 PM) Tom_B: hi brac
(03:31 PM) brach: hi, tom
(03:31 PM) Tom_B: lng
(03:33 PM) Tom_B: hve 27-36 trgt hre
(03:35 PM) Tom_B: out
(03:36 PM) oddplayer: I hate this curbs on the DOW
(03:37 PM) oddplayer: Merrill L bought big time on
the close Friady
(03:38 PM) brach: and here's why: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-24/Brach_NQ_Daily.jpg
(03:39 PM) brach: anyone short?
(03:39 PM) oddplayer: not me...but I'm about to get
shook out
(03:39 PM) luciyao: hello brah
(03:39 PM) luciyao: i short 1415
oddplayer: BULLS arew f'in diehards
(03:40 PM) Tom_B: looking to see retrace hre & poss
buy it agn
(03:40 PM) brach: it always look most bullish at the
top
(03:42 PM) sb17: ES..they might try one more run at it
(03:43 PM) sb17: starting to bttom a little
(03:43 PM) Tom_B: Not worth it... always poss tomorrow
morn if not today
(03:43 PM) oddplayer: too late you them to change
their minds...IMHO
(03:44 PM) sb17: if Dow closes at high, ES tends to
close at high
(03:44 PM) oddplayer: they buy it just to have a
victory close
(03:46 PM) Tom_B: quik lng hre
(03:46 PM) oddplayer: see..I broke another
rule...exit at curbs in on the DOW
(03:46 PM) oddplayer: ladies can kick me in the
rear
(03:48 PM) BrainStorm: thats me done...have a good
evening all
(03:49 PM) tippet: SOX still giving
back a bit TOM
(03:49 PM) Tom_B: out -1.5 done
(03:50 PM) oddplayer: holding on for dear
life....believe in the close
(03:50 PM) Tom_B: Hve a GREAT EVE everyone..may the
trend be with u :)
(03:52 PM) ppusa: get us some pullbacks
(03:54 PM) oddplayer: show us fear of tomorrow
(04:00 PM) oddplayer: cable is failing me
(04:00 PM) oddplayer: falt
(04:00 PM) oddplayer: flat