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21 July 2005 (Thursday)


Session Start: Thu Jul 21 08:37:48 2005
Session Ident: #t1
[09:03:28] <guy> Leading Indicators 10:00 ET
[09:03:28] <guy> Philadelphia Fed Survey 12:00 ET
[09:03:28] <guy> FOMC Minutes 2:00 ET
[09:06:53] <signal>
[10:37:19] <guy> There was a single print long at 10:12 at 674.4
[10:37:29] <guy> which was stopped out for a -1 point loss
[10:38:09] <guy> there's another single print at 671.7 which is a long from 671.8 now
[10:38:20] <guy> so single print strategy is long again now
[10:38:25] <guy> from 671.8
[10:39:37] <guy> which is now also stopped out at -1 points
[10:39:43] <guy> boy i'm pleased i didn't take those
[11:09:05] <signal>
[11:18:36] <tuna> s op coming up
[11:26:43] <tuna> er stuck
[11:26:47] <tuna> lol
[11:28:36] <tuna> sox single ticked lod
[11:30:33] <tuna> es weekly pp working today fwiw
[11:38:06] <tuna> paltalk still dead
[11:49:39] <guy> how is paltalk now?
[11:49:44] <tuna> er lod is 50% of ib
[11:50:01] <guy> Innerworth: In a trading state of mind
[11:50:02] <tuna> lemme check
[11:50:22] <guy> thanks
[11:50:25] <tuna> dead
[11:51:26] <tuna> i gotta feeling lod is in
[11:56:52] <tuna> that huge ib +50% is making me think the lod is in fwiw
[12:06:24] <guy> why do you think that the big IB means that we've seen LOD?
[12:07:06] <tuna> just the gut
[12:08:12] <tuna> anything can happen
[12:08:45] <guy> Here's a chart with the IB's in perspective:
[12:08:50] <signal>
[12:09:17] <tuna> according to hawkins 50% of an ib is a level to watch too
[12:09:56] <tuna> fwiw
[12:11:43] <guy> i didn't know that
[12:12:19] <guy> but eyeballing that chart it looks like LOD is 50% of IBL to DIBL so that would tie in with your theory
[12:12:29] <tuna> its in mikey's book
[12:14:07] <tuna> we'll know for sure in 4 hours
[12:14:13] <guy> i will be buying that book on the 3 October
[12:14:45] <tuna> try the library
[12:17:04] <guy> IBL here...
[12:17:16] <guy> and a single print...
[12:17:46] <tuna> prolly fail
[12:19:05] <tuna> scratched
[12:20:32] <tuna> <==feeds broker

[12:22:29] <guy> Shorts ER2 @ 672.3

[12:23:23] <guy> i agree - doesn't feel good
[12:23:43] <guy> but that's what jp is always saying - feels worst at beginning
[12:23:46] <tuna> l er
[12:24:21] <tuna> stop below ib
[12:25:34] <tuna> out
[12:25:43] <guy> sorry tuna
[12:26:31] <tuna> stop too tite
[12:27:02] <dave1> thanks guy
[12:29:02] <tuna> i can hear greenie drone in the backround

[12:30:48] <guy> Covered all Short ER2 at 673.3 --> - 1

[12:33:17] <guy> Shorts ER2 @ 674.1

[12:33:56] <guy> exit stop set ER2 @ 675.1

[12:35:06] <guy> Covered all Short ER2 at 674.1 --> 0

[12:37:23] <guy> Shorts ER2 @ 674.4

[12:39:16] <guy> this is another single print short here
[12:39:27] <guy> if this fails then it will be 4 failed singles in a row
[12:39:32] <guy> today

[12:46:07] <guy> stop hit ER2 @ 675.4 --> - 1.0

[12:58:00] <guy> the last 7 single print trades in the ER2 have failed
[13:07:44] <tuna> yeah
[13:08:26] <tuna> i havent been giveing them much,,
[13:09:22] <tuna> if they look weak best to scratch out
[13:09:58] <tuna> ofc this is all news driven lately
[14:30:01] <guy> Oil Futures closed
[14:59:36] <fspeculator> guy what singles?
[14:59:41] <fspeculator> unconfirmed?
[15:00:01] <guy> Bond Pit closed (electronic Bond open until 16:00 ET)
[15:01:42] <fspeculator> i only need some luv from the euro
[15:02:24] <fspeculator> to go to 1.25 :-)
[16:23:35] <guy> gn gang
[16:29:47] * Disconnected
Session Close: Thu Jul 21 16:29:52 2005