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Chat Logs - Feb. 2009


07:20 Margie: I see a projection to 863.25, fwiw
07:26 LordAlfa: Yes Margie. I have that same number on the 610T
07:28 LordAlfa: Today is the 15th day of the Chinese New Year. Full moon always. Maybe the buying today is some crazed China Man.
07:30 LordAlfa: This 15th day is the end of the the Chinese New Year celebrations.
07:32 Margie: 1974
07:44 LordAlfa: Still long from 60.75
07:45 koolblue: covered my short at 859.25, plus 1.25 and up that amt on the day...watching
07:46 koolblue: 1 min proj was 858.00!
07:47 Margie: good job Kool
07:52 LordAlfa: Teach that boy!
07:52 LordAlfa: It is also his responsibility.
07:53 LordAlfa: My wife miscarried twice. It was just as traumatic for me. Now I have 3 daughters.
07:54 LordAlfa: Stopped.
07:58 Margie: Is this an abc off the bottom?
08:00 LordAlfa: I had a crossover at 58.50, I am long again.
08:04 koolblue: I think it may be Margie
08:07 koolblue: ill buy 858.75, but the 15 period (boll.) avg is 859.00 so I probably wont get it.
08:07 LordAlfa: Margie, what is your 100% for the ABC at the bottom?
08:09 Margie: I get 866 if I take from the lowest point
08:09 Margie: sorry 866.75
08:10 LordAlfa: Yeah I see it.
08:22 LordAlfa: Took 1 off. +3pts
08:23 LordAlfa: Stop moved 60.50 to protect 2pt profit
08:24 Margie: Lord, way to go
08:24 LordAlfa: 2 more contracts.
08:24 Margie: you are trading with 3?
08:25 LordAlfa: Yep. Confidence in this move.
08:25 Margie: that's excellent, good for you
08:28 LordAlfa: Margie. This looks like an AB=CD. Well almost. 610T. A at 0544, B at 0708, C at 0757. D at 0822. Short of 1 tick.
08:29 LordAlfa: Stopped.
08:33 LordAlfa: Margie, VO. chart posted. Can we consider this AB=CD. CD is short of 1 tick technically.
08:33 johntrader: good morning
08:34 Robin:
08:34 Robin: good morning everyone :)
08:34 Robin: from Larry P
08:35 koolblue: thx,Robin
08:36 Robin: your welcome :) Kool... how is your daughter?
08:36 Robin: ok?
08:36 koolblue: doing fine...home now after emergency surgery
08:36 Robin: oh my...
08:37 Robin: sorry to that but glad she's doing better now... and home
08:37 koolblue: ruptured corpus luteum(overy)
08:37 koolblue: pregnant!!!!!
08:37 koolblue: sigh....
08:37 Robin: aw :(
08:37 Robin: but she's doing better so that's good....
08:38 koolblue: yup, thats whats important.
08:41 LordAlfa: L 61.50, 3 contracts
08:44 LordAlfa: Stop at 60.00
08:48 LordAlfa: I should have made that ABC of the opening. 161.8% is at 62.75.
08:48 LordAlfa: Bailed out.
08:51 Margie: I would love to see the larger one play out.
08:51 koolblue: still may, Margie, but a good decline here first...
08:52 Margie: I already got 1 1/2 but would love to work on staying in for the entire move and every time one plays out, I get more confidence
08:52 LordAlfa: Chart posted
08:53 Margie: thx LA
08:55 LordAlfa: Resistance at 62.75, 161.8% off the ABC of Globex open.
09:02 koolblue: next resistance 864.25-50
09:04 LordAlfa: Just below R1
09:05 LordAlfa: L 63
09:14 koolblue: interesting note... the avg range the past two days has been 32.50 handles. if weve already seen the low today at 852.75, then the low plus 32.50= 885.25....just something to keep in mind...
09:15 koolblue: remember the resistance areas I posted this weekend 883-886 and 895ish
09:20 LordAlfa: Move stop BE +1.
09:21 Margie: It's raining like crazy here
09:22 LordAlfa: Where are you? Its windy here. Australia is so dry that its burning.
09:22 Margie: Las Vegas
09:22 Margie: hope Vast is ok
09:22 LordAlfa: About 170 people razed to death in OZ.
09:23 LordAlfa: Vast is in SeedNee. The fires are near MellBorn. :P
09:25 LordAlfa: 1 off from 3. +2.25
09:25 Margie: LA here it comes!
09:27 Margie: beautiful trade, now I just have to work on staying in, patience
09:28 Margie: I originally entered 59.25, would have been 7 handles before my sun came up!
09:28 LordAlfa: Better post it as "Best trade of the day" on VO's thread.
09:28 Margie: most definitely
09:33 LordAlfa: Stopped.
09:39 LordAlfa: L 61.50, 3 contracts
09:39 LordAlfa: Sorry, 62.25
09:40 VO: L @ 63.25
09:40 Margie: yes
09:40 Margie: no way
09:41 VO: stop = 61.25
09:41 LordAlfa: I know the feeling. I just keep talking when mobile phone battery went dead for like 10 mins. What an idiot I felt like!
09:42 LordAlfa: Stop moved, 61.50
09:43 koolblue: still long from 862.25 on a chase...
09:43 koolblue: taking profits here
09:44 koolblue: out at 865.25,plus 3 there(only one...sigh) ..and now up 4.5 on the day
09:46 LordAlfa: Long 1 64, Out 66. +2
09:46 LordAlfa: Still 3 contracts long.
09:47 prestwickdrive: gap fill 67.75, vah 68, glbx hi 68.25
09:48 prestwickdrive: singles 68.25-69.25 also
09:49 LordAlfa: Will buy 63.75 or 64.00 againb if hit for 2 pts
09:50 karen: 66 is uva
09:51 prestwickdrive: 68 here karen for uva
09:52 karen: ok prest...sometimes levels vary depending on charting data
09:53 prestwickdrive: agree - it can also vary between big contract and mini
09:54 karen: yes
09:55 prestwickdrive: crude + $2
09:56 LordAlfa: L64.25
10:03 LordAlfa: stopped
10:04 palmer: remember closing ticks kool
10:04 palmer: last 2 days
10:04 prestwickdrive: lva 57, poc 58.5
10:04 prestwickdrive: 56 sq 9
10:04 VO: flat @ 60
10:06 LordAlfa: L 59.75
10:08 koolblue: long 2@ avg price...860.25
10:16 LordAlfa: out 61.75
10:17 gila: ge up $1
10:18 koolblue: exiting one at 862.25
10:19 koolblue: missed at 862.25!...sigh
10:20 koolblue: bingo! out both at 862.25, plus 2 on each... now up 8.5
10:21 omeister: nice kool...
10:26 koolblue: Margie, see that 5 min ugly cycle?...9:35 to 10:05?
10:27 VO: s 1 @ 62.75
10:27 Margie: I do Kool
10:29 VO: flat 62
10:30 Margie: thx vo
10:32 LordAlfa: Yep medical profession is a guild.
10:38 Robin:
10:38 Margie: s.b this candle
10:39 Robin: ok....
10:39 Margie: should be
10:40 Margie: knock it off
10:40 Margie: this 66.5 is getting old
10:47 DonKeyote: yes
10:51 prestwickdrive: 871 sq 9
11:04 VO: 1 off 71
11:05 VO: flat 69
11:05 LordAlfa: Multi-tasking
11:08 LordAlfa: My last long contract at 59.75 finally stopped. at 69.75. +10
11:09 LordAlfa: Flat.
11:09 prestwickdrive: great day LA
11:09 koolblue: went short at 871.50,out at 859.25,plus 2.25 on only one...sigh... now up 10.75 on the day
11:10 prestwickdrive: GE +12%
11:11 LordAlfa: I'll stop. Great day. Final count, +47.25 pts. I was buying 3 contracts today. I think too much confidence. Scary in certain moments.
11:15 prestwickdrive: drinks on LA!
11:16 LordAlfa: Just lucky. Too gungho today. Maybe because I've won Blackjack with friends.
11:18 Margie: great job LA,
11:19 LordAlfa: I'll post this great trade.
11:25 koolblue: CHARTS POSTED
11:34 prestwickdrive: to 57
11:35 LordAlfa: Margie, PWD, Great trades posted.
11:35 prestwickdrive: Fri singles 42.25-53.75
11:37 prestwickdrive: bonds -1%
11:37 Margie: great abc, LA
11:40 koolblue: 868.00 SHORT ONE...JUSTCOVERED AT 866.00
11:41 VO: L @ 66
11:41 LordAlfa: Lunchtime driving. Sold 68. Reversed at 66.
11:41 koolblue: PLUS 2 THERE...NOW UP 12.75 O/N THE DAY
11:43 LordAlfa: Stopped. Driving crashed.
11:43 koolblue: long one at 865.50, but just for a quick bounce!(one only)
11:48 VO: flat for cratch
11:51 VO: cant hear me?
11:51 prestwickdrive: no
11:51 koolblue: no!
11:51 Margie: no
11:51 prestwickdrive: y
11:51 Margie: yes
11:51 LordAlfa: Ditch the Dell!!!
11:52 koolblue: sure takin its time!
11:53 koolblue: could have stood on the street with a sign"will trade for food" and made 50 bucks quicker!
11:55 Margie: why did he tell on us?
11:56 Margie: lol
11:56 LordAlfa: He needs to ditch Dell.
11:57 LordAlfa: Selling 66.25
11:57 LordAlfa: 1 contract
11:57 prestwickdrive: fwiw bigs accumulated to +10k at 73 but have now distributed to -11k
11:58 koolblue: out at 866.75 ,plus 1.25 there now up 14 handles on the day...
11:58 LordAlfa: Bailing out. BE +1. Don't like the dojis
11:59 LordAlfa: Stop at 67.25
12:00 LordAlfa: Stopped.
12:01 Margie: vo can't hear you
12:01 Robin: not hearing him either
12:01 Margie: now we can
12:01 Margie: you need to speak up!
12:01 Margie: ;)
12:04 LordAlfa: L67
12:07 koolblue: projection is 871.50 so my order is in at 861.75 ,but one only!
12:07 koolblue: and it may be a while!
12:08 koolblue: that little decline from 867.50(the minimum 1 min upside projection) gives 861.25
12:13 koolblue: and that little up rush once again calls for 869.50
12:16 LordAlfa: I'll leave the trade there for 1pt scalp. Getting tired. I'm going to bed. See you tomorrow.
12:19 koolblue: selling 869.50, buying 861.75
12:20 VO: yeah something is wrong
12:21 prestwickdrive: wasn't a problem in the past
12:21 jt143: any software firewall? try puting the pc in the dmz to see what happens
12:23 VO: ill worry about tonight...I can type
12:23 jt143: dmz is like putting the pc on the wan side of the router (virtually)
12:23 Margie: yes sir
12:28 prestwickdrive: dva 61.5-69.25, dpoc 65
12:30 koolblue: short one at 869.25
12:30 koolblue: tight 2 point stop
12:32 koolblue: minimum 1 min proj down is 866.50, if we dont touch 869.50 again!
12:33 koolblue: small neg divergencies on the 1 min chart...but nothing major
12:36 koolblue: 1 min avg is at 867.25
12:38 Margie: vo, could this be abc off the top?
12:39 VO: yes margie
12:40 prestwickdrive: or small bearish 3 drives?
12:41 VO: 2 1/2 pwd :)
12:42 Margie: y
12:44 koolblue: out at 867.25,plus 2 there, now up 16 handles on the day...
12:47 VO: margie you have to be careful in a situation like this cause we are still in a uptrend...we just now touched the ut line going back to globex lows
12:48 Margie: ok vo
12:49 koolblue: also this could be sloooow... the 15 min boll is at 866.25 and the 5 min avg is 865.25
12:51 koolblue: and next 'decent low(from 5 min chart) might be around 2:00pm
12:51 koolblue: next mini peak...2 -4 min
12:52 prestwickdrive: be safe
12:55 karen: thks for that info
12:56 VO: margie you always have to look at setup in context to where trend is
12:56 jt143: just 2x his taxes for 08
12:57 Margie: ok vo
12:58 jt143: just heard about it this wkend but no
12:58 prestwickdrive: not entire book - only segments
12:59 prestwickdrive: prophecy
13:06 VO: s @ 70.75
13:06 VO: just a scalp
13:11 VO: bidding 69.75
13:19 VO: flat
13:22 VO: could be big triangle here
13:24 VO: or failed high
13:27 Margie: anyone heard about camarilla?
13:28 Margie: no need to comment now, wait til you have time
13:30 VO: we are at ut line again
13:31 johntrader: I'm watching that
13:31 VO: break
13:32 johntrader: covered
13:32 Margie: keep walking
13:33 VO: look at 30m pt
13:35 johntrader: darn should have held for more
13:46 VO: yep
13:47 VO: no
13:51 VO: my mumble is screwed up
13:52 Margie: I just lost mumble
13:52 Margie: now I can
14:11 jt143: 65 area support , 68-69 resist
14:18 VO: we need close under B point @ 63.50
14:19 Vast524: Howdy all. Hope the day has been going well.
14:20 Margie: cast nice to see you safe n sound
14:20 Margie: *vast
14:22 Vast524: Hi Margie. Nofires near me or floods. I grew at where the fires were. Know of a few people who have died unfortunately. The fires are about 2000 miles away. The floods are about 100miles away in the opposite direction
14:23 Margie: LA said you would be safe so glad to hear that
14:25 Margie: but sorry to hear about your country and friends
14:25 stb: Hi Vast. I am with Margie. Sorry for your countrypeople.
14:26 prestwickdrive: bigs -25k
14:31 Vast524: Been a very nasty weekend. Unfortuantely mother nature can dish out some pretty heavy stuff. Worst fires on record. Over 130 dead. They are saying the toll may even reach 200. All very sad.
14:33 Margie: was it arson?
14:35 Margie: over here they report it was arson
14:35 gila: vast good to see urok sorry s much devastation and deaths in aus
14:36 Margie: about 863.75? before turning
14:44 Vast524: Unfortunately a number of the fires were arson. The temp on Saturday was 114F. Hottest day on record. 4%humidity and winds blowing at 60mph. Worst day on record.
14:45 VO: 161.8 = 57.50
14:46 prestwickdrive: 57 lva, 55.25 -50% ib
14:47 prestwickdrive: eating singles now 59-61.25
15:03 Margie: vo are you flat?
15:05 VO: flat
15:05 Margie: ok thx pt
15:05 Margie: thx vo
15:07 VO: heck of a shelf @ 64
15:09 VO: send us to 66ish
15:10 VO: L 1 @ 63
15:11 VO: I can have a 1 point stop and know quickly
15:12 VO: stopped
15:17 Vast524: Don't you hate that VO.
15:17 Margie: vo they robbed you
15:17 VO: hate it when that happens
15:17 VO: 66 = 50% of downswing
15:18 Margie: well than lets see if we get a sell signal
15:20 VO: 15m deadly = 69.75
15:24 prestwickdrive: dvah 69.0
15:25 VO: 52.75 L , 73 H , 60.50 L
15:25 VO: 60m
15:26 VO: 1st = 80.75
15:26 VO: close @ 68.25 triggers entry
15:27 VO: close ABOVE
15:28 VO: theres the deadly
15:29 VO: dont forget big bullish gartley
15:31 Vast524: The fib bands on the 610t look like a roller coaster track now
15:32 Margie: where does your big bad gartley project?
15:34 Margie: could you repeat pt?
15:34 Margie: ty
15:40 Margie: thx pt, I took that one and have a smile
15:40 VO: 50% would be nice
15:41 VO: if they dont take high I will sell
15:48 VO: 50% retrace on the nose
15:59 VO: whats the question?
15:59 VO: L 1 @ 67.25
16:00 Vast524: The ABC of the 610t. A=860.5 B=864 C=861.50. The run stopped at the 261.8 (870.50)
16:01 VO: yep
16:01 VO: back to 161.8
16:01 Vast524: Shame I didn't take it. Worked beautifully.
16:02 Margie: Vast don't worry we see them now and soon we'll all be catching them
16:02 Vast524: Gotta go. Chat to you all later. Take care
16:03 Margie: see ya tomorrow
16:03 Margie: thank you
16:04 jt143: gn
16:04 Margie: gotta run, see ya tomorrow
16:04 Margie: byebye
Tuesday, Feb. 10th...


07:01 LordAlfa: GM
08:25 johntrader: good morning
08:26 LordAlfa: GM John
08:29 johntrader: anything happening this morn
08:29 LordAlfa: S 61.50 since 0727. False signal but have not touched stop. Another signal at 0806 to short. Might be false again. 610T
08:30 LordAlfa: Missed a nice long entry at 0526 to 0542. Globex low 51.75.
08:30 johntrader: I see it..too early in the am for me
08:31 LordAlfa: Its the afternoon here for me but wife is sick need to run errands
08:32 johntrader: sorry to hear that, she have a cold?
08:32 LordAlfa: food poisoning.
08:33 johntrader: ughhhh, how did that happen?
08:33 LordAlfa: Ate some shellfish
08:33 johntrader: nasty stuff
08:33 LordAlfa: You don't really cook them fully.
08:33 LordAlfa: Should have told her to drink alcohol with it.
08:34 johntrader: I understand that eating them with cayenne...some really hot sauce kills the bacteria
08:34 LordAlfa: Ahh! don't like this. Going to bail out. Place stop just above 63.50
08:35 LordAlfa: We have chili here. Part of the diet. But when they hit they hit. Chili will not save you.
08:35 johntrader: I thought that might just be an olds wive's tale
08:36 LordAlfa: Alcohol is best. :-)
08:38 johntrader: I had a nice scotch last night...helped me sleep
08:39 LordAlfa: I had quite a lot of wine over this celebration. My favorite Gerwitztraminer and Zinfindel White. Goes exceptionally well with Hot Spicy food.
08:41 johntrader: not craze about zinfindel, but love gerwitztraminer...live in germany for 2 years when I was in the service
08:41 LordAlfa: If my calcs are correct. There is an ABC to the upside since globex open to 0401. Double bottom. Extension to 161.8% at 63.50
08:42 LordAlfa: Germany, I have been to Frankfurt, Muchen, Stuggart and can't remember, the current Pope's home town.
08:43 johntrader: looks like your short is about ready to come in LA
08:44 LordAlfa: Sure made me sit up. Thanks for occupying my mind. Sometimes, need that. This is a lonesome profession.
08:45 johntrader: I lived in Karlsruhe...30 k south of Heidleburg...wasn't crazy about frankfurt but loved stutgart
08:45 LordAlfa: Thye new Merc museum is a must see.
08:46 johntrader: I've been a stock trader for 7 hears, with only mild success...the game keeps changing...so I'm trying emini's now...try to do only one thing well
08:46 LordAlfa: ABC to the downside formed. Took 1 off at 127%
08:46 LordAlfa: Next stop 58.25
08:47 LordAlfa: Its gonna bounce around here first.
08:47 LordAlfa: 127% is 59.25
08:48 johntrader: my sister is married to a dane who loves cars, I wonder if they have been to the merc
08:49 LordAlfa: Danes? They like Alfa Romeos. Especially the older RWD.
08:49 LordAlfa: Stop moved to 63
08:50 LordAlfa: Yester day was sure busy for me trading, I was holding 3 contracts for the long term and scalping all over.
08:51 johntrader: as I recall you did well yesterday
08:51 LordAlfa: Too well that it scares me. I was wondering did I do that or was I dreaming. I'll run a less frantic pace today.
08:53 johntrader: I'm easing into the mini's by playing the spyders...1 mini = 500 shrs of the spyders....so i'm trying 1 and 200 share lots
08:53 LordAlfa: 58.25 met. Stop move to 60.00, 100%
08:54 johntrader: by the way I went short when it crossed 59
08:54 LordAlfa: Next stop 55.25
08:54 LordAlfa: 55.25 is the 261.8% ext.
08:57 LordAlfa: Actually john, you can apply these theories to stock. The ABCs, I find them applicable. I tried it on AAPL, .
08:57 LordAlfa: Stop move 58.25 161.8%
08:58 johntrader: out, thanks for the heads up LA
08:58 LordAlfa: Wow! Though this is not exactly an ABC entry, it sure played out.
08:58 prestwickdrive: johntrader - I eased into the ES with the SPY but added one more intermediate step and traded the SSO and SDS. I wish I had skipped the SPY but the SDS & SSO didn't initially have the liquidity or tight spreads I needed. I loved the 2x leverage coupled with lower per share prices.
08:59 prestwickdrive: great trade LA
08:59 LordAlfa: This week I feel like Michael Schumacher
09:00 LordAlfa: Stop move 56.75. Not giving it back.
09:01 LordAlfa: Flat. too late. 57.
09:01 johntrader: The mini's seem to have less volatility than stocks...seem to be easier to read...also less frequency of getting stopped out
09:02 LordAlfa: +10, but I lost 9 initially. So Nett +1, haha!
09:02 Margie: Good morning all, internet service down all morning just came back. I hope you all did well! ;)
09:03 jt143: gm
09:06 LordAlfa: Selling 57 that bailed out.
09:07 prestwickdrive: johntrader - the SSO and SDS also have fewer bad ticks that screw up charts. I never bsee ES bad ticks
09:07 prestwickdrive: gm jt
09:08 prestwickdrive: bigs closed yesterday -22500. smalls closed +5k
09:09 LordAlfa: Stopped!
09:10 johntrader: I'm slowly increasing my spy's and will switch over to es, after I feel comfortable w/ 400 spy's
09:11 LordAlfa: Damn them. Hit my stop and went down. I hate them!
09:15 Robin: good morning everyone :) Good luck today!
09:16 Margie: gm Robin!
09:18 prestwickdrive: bonds strong today. crude up too
09:20 LordAlfa: Selling 58
09:20 prestwickdrive: singles from Fri pit session 42.25 - 53.75
09:22 LordAlfa: Add S58.25
09:31 VO: s @ 58
09:33 LordAlfa: Stopped
09:33 VO: stopped 60
09:35 VO: s @ 59
09:35 LordAlfa: S59
09:36 VO: stopped 60.75
09:36 LordAlfa: Still in it with a 3 pt stop.
09:37 LordAlfa: Looks bad. Stopped. Looks like the 5th wave up. 2 more to go.
09:39 LordAlfa: Looks like 7th wave complete in the 1 min
09:41 VO: s @ 61.50
09:42 LordAlfa: S61.25
09:42 Margie: I can not hear can anyone give me a sound check
09:42 prestwickdrive: pt talking
09:42 LordAlfa: PT is talking
09:43 LordAlfa: Stopped BE +1
09:44 prestwickdrive: wholesale inventories at top of hr plus Geithner coming
09:44 VO: stopped 62.25
09:45 VO: L @ 62.75
09:47 VO: stop be
09:48 Margie: thanks I can hear, technically wise this morning has been stupid
09:48 VO: 1 off 64.75
09:50 LordAlfa: S64
09:50 johntrader: s 2 64.5
09:51 LordAlfa: Stopped.
09:51 VO: stop 63.25
09:51 parson: dobrin
09:52 VO: looking for 67.50...lots of res in between
09:53 PashaLV: Good Morning all
09:53 kat: I think we just hit the 15 min projection
09:53 johntrader: covered 1 63.75
09:53 kat: does anybody else get 866.25 as the 15 m?
09:54 deuce: k
09:56 VO: flat 63.25
09:56 LordAlfa: S64
09:56 johntrader: out + 3
09:56 Margie: kat I get that from the 9:18 but 11:43 last night I get proj to 869.50
09:57 LordAlfa: Stop moved 62
09:58 prestwickdrive: is my mic working?
09:58 Margie: yes pwd
09:58 prestwickdrive: ok ty
09:58 Margie: even I can hear you!
09:59 kat: ok thanks margie!
09:59 LordAlfa: Stopped
10:00 LordAlfa: S51.75
10:02 VO: @ 61.50
10:03 VO: 1 @ 62.50
10:03 Margie: vo selling?
10:03 gila: gold up gs down trin 1.4 trinq.69 lod
10:04 VO: flat 62.50
10:04 Margie: ty
10:06 Margie: ok
10:07 LordAlfa: Stopped
10:08 LordAlfa: I hate these guys. They stop me and goes down.
10:08 Margie: where is your pivot pwd?
10:09 prestwickdrive: 63.5
10:09 prestwickdrive: y
10:09 Margie: ty
10:11 VO: S @ 61.75
10:11 johntrader: s 2 61.75
10:12 parson: S 1@6175
10:13 VO: looking for 57.75
10:13 VO: stop be
10:13 johntrader: covered 1
10:14 johntrader: stop be
10:14 VO: 1 @ 59.50
10:14 parson: cvd @ 59.75
10:19 johntrader: stop now 60
10:19 VO: stop 61
10:20 LordAlfa: S 60
10:20 prestwickdrive: 56 sq 9
10:20 parson: S @58.25
10:22 LordAlfa: Stop moved 57.75
10:22 VO: flat 54.25
10:22 karen: 53.75 lva from 2 days ago
10:22 karen: yw
10:23 LordAlfa: 1 off 54. 2 more to go
10:23 parson: FLAT@55
10:23 johntrader: stop = 55
10:23 VO: nice 1 parson
10:24 johntrader: meant 55.5
10:26 parson: THX
10:26 LordAlfa: S 54 for a scalp. 2 more contracts running
10:32 LordAlfa: Scalp stopped
10:37 palmer: seem like the closing ticks kicking in
10:37 Margie: palmer are you in?
10:37 palmer: in?
10:37 johntrader: L 1 54
10:37 Margie: are you flat or still in?
10:37 palmer: I am done for th day
10:38 palmer: +12 points
10:38 Margie: good job palmer
10:38 palmer: riding 2 YM from 8190
10:38 palmer: also
10:39 johntrader: out 55
10:41 VO: L 1 @ 55.25
10:41 johntrader: tried to reenter 54 didn'
10:41 VO: stop be
10:42 VO: flat 56.25
10:43 VO: order to sell 1 @ 57.50
10:44 johntrader: L 1 55
10:45 VO: order cancel
10:48 johntrader: offering 57
10:49 johntrader: out +2
10:54 VO: shoulda left my order in
10:55 VO: looking to sell the 59.75 area
10:55 LordAlfa: I am still in for 2 contracts. Moved my stop back to entry +1. This has to retrace above 58.50 to make another stronger ABC.
10:56 johntrader: s 2 56.75
10:57 prestwickdrive: 3 min to Geithner
10:58 LordAlfa: Looking at the 1 min. This looks like the 7th wave.
10:59 johntrader: stopped 57.75
10:59 VO: s 1 @ 57
11:01 VO: stopped 58.50
11:02 VO: s 1 @ 61.50
11:03 VO: flat 58.75
11:03 LordAlfa: Love is the 7th wave - Sting.
11:04 VO: ugh
11:04 Robin: Kool... i've only just started following that 7 wave thingy and I really like it...
11:05 LordAlfa: I am begining to learn to count 7.
11:06 prestwickdrive: bigs -31k
11:07 LordAlfa: Stop move tp 52.75
11:08 LordAlfa: In since 61.75 Woohoo!
11:09 Margie: LA, good job
11:10 koolblue: long one at the 5 min proj 846.50, covered at 848.50, plus 2 there
11:11 LordAlfa: You know what is the irony Margie, I am negative. This is the only thing going for today that is correct.
11:12 prestwickdrive: 40.5 = 100% ib
11:12 LordAlfa: 1 off at 44. 1 more to go
11:13 LordAlfa: +12.50 pts WooHoo!
11:13 Robin: very impressive LordAlfa... congrats!!
11:13 VO: L 1 @ 43
11:13 LordAlfa: Place the last one at above S2 38.25
11:14 VO: stop be
11:14 VO: offering 46.50
11:14 LordAlfa: Just a classic pivot play. I might bail out at 161.8 ext off the ABC of the 5 min. 841.75
11:15 VO: flat
11:16 VO: watch the retrace
11:19 VO: L 1 @ 46.25
11:19 VO: stop be
11:20 VO: flat 48.75
11:21 VO: ugh
11:22 VO: selling 52.5 area
11:24 VO: s nq @ 57
11:24 koolblue: chart posted
11:24 VO: stop be
11:25 VO: @!$%@ ME! ...stopped be
11:26 Margie: no more nq
11:27 LordAlfa: S 47.25
11:27 Margie: thanks Kool
11:28 VO: s 1 @ 46.50
11:28 koolblue: long one from 845.75
11:29 VO: my dog just yaaked
11:30 VO: stop 45.50
11:31 VO: looking for 39
11:31 LordAlfa: Scalp out 42
11:31 LordAlfa: 1 contract still in
11:31 VO: stop 43.50
11:32 VO: flat 39
11:32 Margie: me too!
11:32 LordAlfa: 38.25!! Come on and I am done!!
11:33 Margie: LA, we're rooting for you
11:33 LordAlfa: Yeah!!!
11:33 VO: $ticks kickin in
11:33 LordAlfa: 33 pts Nett. I am done for today
11:33 VO: 15m says 32.75
11:34 myptofvu: NIce job LA!!!
11:34 VO: LA is my hero
11:35 LordAlfa: This looks like toilet flush down job. This is going down!!
11:35 Margie: vo, you're mine!
11:35 Margie: I love this!
11:35 VO: YEAH BABY!
11:35 LordAlfa: the 233T chart is going like a crippled plane.
11:36 koolblue: long 2@ the 15 min deadly proj... 832.75(chart was posted)
11:36 LordAlfa: 333% ext onthe 5 min is 820. Will we go there? Looks like we will.
11:37 Margie: Kool, that was cool trade
11:37 VO: KOOLIO is my hero!
11:37 koolblue: sold both at 835.50,plus 2.75 on each
11:40 koolblue: since I lost 3 on my last scalp of one es ,im now up 4.5 on the day
11:41 LordAlfa: S33.75. I wanna play.
11:42 LordAlfa: No fill for target 31.72
11:44 LordAlfa: stopped
11:45 LordAlfa: S 34.75
11:46 Margie: they are showing the banks on cnbc, everything really red
11:47 LordAlfa: **** there goes my banker. He is waiting to be retrenched.
11:47 LordAlfa: Flat 32.75
11:48 koolblue: l @ 833.75... looking for 842 area...or 840 minimum
11:50 LordAlfa: We are in a sideways channel since 1135. Peak 36.75. Trough 31.75
11:51 LordAlfa: Its lunchtime, should I bother to drive this? Looks fun.
11:52 VO: L @ 35.
11:53 VO: stop be
11:54 VO: flat
11:54 VO: looking for 38.25
11:55 VO: then 39.50
11:55 LordAlfa: Finally breaks the channel
11:55 LordAlfa: VO. I see the ABC
11:55 koolblue: 1 min proj up is 844.75
11:55 koolblue: looking to exit by 840 tho
11:57 LordAlfa: 2x ABC side by side on 610T
12:01 VO: l 1 @ 36.25
12:01 VO: flat 38
12:02 prestwickdrive: 41 sq 9, top of singles 42.75
12:02 Margie: geithner interviewing on cnbc now
12:02 prestwickdrive: 40.5 = -100%IB
12:02 VO: 1st target met
12:03 LordAlfa: 38.75?
12:04 koolblue: CHART POSTED(THE SHORT TERM)
12:04 VO: 38.25, 39.50, 41.25
12:05 VO: 50% retrace of downleg = 41.50
12:06 LordAlfa: So you are using the first triangle?
12:06 karen: also, just reminder, Bernanke speaks at 1:00 today
12:07 LordAlfa: The retrace was over 61.8%
12:07 VO: A = 31.75, B = 36.75, C = 33.25
12:08 LordAlfa: I see it. Why wasn't the 2nd trinagle used. The retrace was similar.
12:08 VO: you can LA
12:09 LordAlfa: A=33.25 B=37.75 C=34.25
12:09 VO: you will see that the 161.8 for both are 41.50
12:09 LordAlfa: OK. See it.
12:12 VO: 39.25 is 38.2 of downleg...that will be telling
12:14 VO: s @ 38.50
12:14 koolblue: out at 839.00from my long at 833.75,plus 5.25... now up 9.75 on the day...watching(and expecting higher,in time?)
12:16 jt143: 47
12:16 VO: 1 @ 38.
12:17 gila: 2.93 trin
12:18 gila: geithner being interviewed live on cnbc
12:18 jt143: interesting ears, eh
12:18 Margie: spockish
12:18 Margie: lol
12:19 LordAlfa: Lets do that Vulcan Mind Meld
12:19 Margie: lol
12:19 LordAlfa: Live Long and Prosper
12:19 Margie: somehow I don't think he is conveying that
12:19 myptofvu: Graet we have an Elf handling our money
12:19 LordAlfa: Die young and buried?
12:20 Robin:
12:20 Robin: lines up with your 844.75 Kool
12:20 jt143: mypto, I was thinking he's cross into the flying monkey realm
12:20 VO: flat @ 37.75
12:23 gila: kook how is your daughter
12:23 gila: sorry kool
12:24 myptofvu: lol jt
12:24 LordAlfa: L 38.25
12:28 LordAlfa: Stopped
12:31 LordAlfa: I missed that ABC on the 233T
12:33 karen: thks...that's kind of important, lol
12:34 johntrader: L 1 here
12:35 VO: L 1 @ 35.75
12:36 VO: real nice shelf @ 39.25
12:36 koolblue: long one at 835.25...
12:36 LordAlfa: L34.75
12:37 johntrader: L 2
12:39 LordAlfa: flat 36.75
12:39 johntrader: out 1 37.5
12:39 VO: stop be
12:39 gila: senate passed stimulus bill
12:40 LordAlfa: Is that positively or negatively received, themarket will respond.
12:41 koolblue: 837.25,my exit...plus 2 there...now up 11.75
12:44 VO: stop 36.75
12:46 Robin: sell may be setting up
12:47 Robin:
12:52 VO: stop 37.
12:57 johntrader: stop 38
12:57 Margie: thanks Robin
12:59 VO: not being able to hold the B point = not good
13:00 VO: I expect to be stopped
13:00 johntrader: stopped +3
13:01 VO: flat
13:03 johntrader: gonna grab some lunch
13:05 Margie: I see it on the 610
13:05 Margie: its hitting the ut line
13:05 Margie: lol
13:06 myptofvu: Hey Robin is your chart showing that if the AB=CD has an extended CD leg that the next sell points are the 1.272 and then the 1.414?
13:06 Robin: yes...
13:06 myptofvu: ok thanx
13:07 Robin: your welcome...many times...it doesn't complete with divergence until those levels as well as the 1.618
13:09 LordAlfa: S33.75
13:10 VO: s @ 33.50
13:11 LordAlfa: Stop move BE +1
13:11 VO: 1 at 32.50
13:12 LordAlfa: Stopped
13:12 VO: stop be
13:12 koolblue: long one from 832.25
13:14 koolblue: out at 834.50,plus 2.25 there ...now up 12.0 handles on the day
13:20 LordAlfa: S31.25
13:21 LordAlfa: Stop move BE +1
13:21 karen: he's still speaking on cnbc
13:21 gila: yes he is speaking now
13:33 johntrader: back from lunch, sure looks negative
13:35 LordAlfa: Stopped. Re-entered 31.00
13:36 koolblue: short one from 831.25...
13:38 johntrader: S 2 30.5
13:39 LordAlfa: Stopped
13:39 johntrader: stopped
13:39 VO: s @ 31.75
13:40 LordAlfa: S31.50
13:41 VO: 1 off @ 30.75
13:41 johntrader: s 31.75
13:42 johntrader: covered 1
13:42 VO: flat 31
13:47 johntrader: be stop
13:49 johntrader: covered
13:51 johntrader: s 1 again
13:53 VO: L 1 @ 31
13:54 VO: stopped 29.25
13:55 koolblue: covering
13:55 johntrader: out +1
13:56 koolblue: out at 839.50,plus 1.75 there, ...now up 13.75
14:02 Ensign Howard: New 02-10 v. available which fixes getting daily bar for today from 1st Internet Source. See What's New page and please upgrade.
14:05 johntrader: bidding 30.5
14:06 johntrader: L 1
14:15 johntrader: stopped
14:18 koolblue: chart posted
14:21 Margie: no
14:22 LordAlfa: S 29.25
14:23 jt143: 21 and 24 support areas very doable today imo
14:23 LordAlfa: Touched 26.75 3 times and no fill to exit
14:24 LordAlfa: Done. Next
14:25 Margie: they one tick you to the bottom to draw you in, bunch of jerks
14:26 LordAlfa: flat
14:30 LordAlfa: See you guys. I had enough for tonight. See you tomorrow. Bye. Have a profitable day.
14:30 koolblue: c ya tomorrow!
14:30 LordAlfa: It go to 20 I'm sure. I need sleep now.
14:33 Margie: looks like shelf at 23.75
14:34 Margie: lol
14:40 gila: 4.48 trin trans down 175
14:41 koolblue: short one from 836.50... 3 point stop
14:41 johntrader: s 2 27
14:41 Vast524: WAs that meant to be 826.50?
14:42 koolblue: yes
14:46 VO: HANDLE!
14:47 Margie: vo what are you saying?
14:48 Margie: oh..ok
14:51 Margie: no mine was 23.75
14:54 koolblue: looking for a conservative exit at 825.00
14:54 koolblue: plus 1.5 there now up 15.25 on the day
14:55 Vast524: 820.50
14:55 Vast524: 820.25 sorry
14:58 Margie: start throwing rocks
14:58 Margie: more rocks
14:58 prestwickdrive: fwiw, there is a failed 80% still to 13.5 from 2/3 and next singles are 09.5-12.0 with sq 9 @ 813
15:01 Vast524: Sounds like I need to be a rocket scientist to understand that
15:01 jt143: heads up w/ the vix, it hasnt really gone up since 13:30
15:02 jt143: 70% tpo's
15:03 jt143: 3 stndevs is like 99%
15:04 VO: NQ didnt make new low
15:05 koolblue: short one at 827.75...tight stop
15:05 Margie: lol
15:09 koolblue: out at 826.00 plus1.75 handles there, now up 17 on the day
15:10 Vast524: * Around 68% of data are within one standard deviation of the mean
* Around 95% of data are within two standard deviations of the mean
* Around 99% of data are within three standard deviations of the mean
15:11 prestwickdrive: here is what he said: if you break above or below the 3rd SD you have a 35% chance of reaching the 4th. if you break the 4th SD you have a 80% chance of hitting the 5th SD. If yuo break the 5th SD you have a 100% chance of hitting the 9th SD. FWIW
15:11 VO: s @ 26
15:12 VO: 1 off 23.75
15:12 prestwickdrive: bigs now -145k
15:12 VO: stop be
15:13 prestwickdrive: kidding
15:13 prestwickdrive: JK
15:15 VO: flat24
15:15 prestwickdrive: y
15:15 Margie: y
15:17 jt143: maybe b/c it has a positive bias
15:17 prestwickdrive: bigs -149k
15:18 karen: 20.50 lva from several days ago
15:21 karen: trin over 7
15:21 karen: wow
15:23 VO: L 1 @ 21
15:23 Margie: just rotten
15:23 prestwickdrive: bigs -157k
15:24 VO: flat 23.25
15:27 Margie: pt when you get a sec, tell me where to find the charts in the forum you were talking about that had the fib line at 819.99
15:27 Margie: good job Jack
15:30 PT: http://www.mypivots.com/dn/
15:30 Margie: thanks pwd and pt
15:33 VO: s 1 @ 23.25
15:33 jt143: what's the mp rule, below 200% ib we close close to the low of the day?
15:33 Vast524: grreat trading
15:34 VO: stopped 24.75
15:34 prestwickdrive: I don't know that one jt
15:34 jt143: the recent volatility may toss that out the window
15:35 prestwickdrive: -200% ib is 27.75
15:35 jt143: y
15:36 jt143: nyse supports a close at the low
15:36 Vast524: Your not conceding PT? lol
15:36 prestwickdrive: bigs -162k
15:39 feng456: hey how u guys doing
15:40 Vast524: Be greedy.
15:40 prestwickdrive: bigs -166k
15:42 Vast524: 10 Feb 2001 VO said 820.00 .quote from his acclaimed book. "Sell that Pig"
15:42 Margie: lol
15:43 Vast524: cya
15:44 jt143: be kool
15:44 Vast524: Your shout
15:44 Margie: good job Kool
15:45 koolblue: thx gang see ya tomorrow! (an important day!!!!!)
15:50 Margie: 820 to 825, that was a nice one
15:51 Margie: See everyone tomorrow. If Cox(internet) is down tonight I am gonna have a real problem with it
15:51 Margie: Take care
15:51 Vast524: Cya Margie. At least you laughed at my joke.
16:07 VO: great job today peeps
16:11 Vast524: Thanks VO. Great call.
16:17 gila: has anyone else gotten internet errors thx
16:20 PT: none here gila
16:20 VO: what do you mean gila
16:23 gila: I click on my pivots ,charts etc I get internet error googleads.g.doubleclickwhat do you mean gila
16:24 gila: im going to log off log back on
16:25 VO: I dont get those errors
16:33 gila: http://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-2441234039214025&dt=1234301553796&lmt=1234301553&alternate_ad_url=http%3A%2F%2Fwww
16:33 gila: thats what I see
Wed. Feb. 11th

06:51 Margie: gm
07:11 Bary: gm all
07:13 Margie: gm
08:14 LordAlfa: gm
08:14 Margie: gm
08:31 LordAlfa: Sell 3, 28.75. Target 20.75, 15, 05.75
08:36 johntrader: gm
08:36 LordAlfa: Good evening John
08:36 LordAlfa: I mean morning
08:36 Margie: gm
08:36 johntrader: how is your wife feeling LA
08:37 LordAlfa: OK. She is back to work. Nothing like a good purge of the whole system. Puke and Diarrheo
08:37 johntrader: natures way of taking care of us
08:38 LordAlfa: This ABC pattern is failing
08:39 LordAlfa: We might be back to Munich in May, then Sweden
08:39 johntrader: where do you live now?
08:40 LordAlfa: Singapore. Just to Munchen for business. Actually Roding.
08:41 LordAlfa: My wife's business is security or Germans call it Tecurity, technology security.
08:41 johntrader: must be interesting to do on an international level
08:42 LordAlfa: She is a vendor for Homeland security in Singapore
08:42 LordAlfa: I tag along for the free lodging and beer
08:42 johntrader: S 1 30.25
08:43 johntrader: my wife became a millionaire because I devorced her
08:44 LordAlfa: That is one helluva way to burn money. Women are expensive, but my wife says I am expensive. She'll not get rid of me.
08:45 johntrader: she went and got a job for a startup tech company, had lots of stock, then they got bought out in 2000 by computer associates
08:45 johntrader: so becuase I devorced her she ended up in the right place
08:45 LordAlfa: CA is one of my wife's partners. But software is a good way to make money.
08:46 LordAlfa: Did you have a share of the 1M USD?
08:47 johntrader: no, we were long separated by then, but our daughter is well taken care of
08:47 johntrader: sure would like to see a lower high here
08:47 LordAlfa: OK. I am trying to take care of my wife. I am her hedge fund manager. I hedge for her salary/income.
08:48 LordAlfa: I am also the sanctioned fun manager.
08:48 johntrader: besides your wife you do it for anyone else
08:49 LordAlfa: Nope. It is not a written agreement. My own books. Can't trade with her involved officially. Just small money.
08:50 LordAlfa: Need a lower high to make this a "safe" pattern
08:50 johntrader: i've been trading stocks for 7 years full time, made a little, haven't had a losing year, but thought i'd try this for a while
08:52 johntrader: I don't like that it hit the same high again, my patience is running out on this trade
08:52 LordAlfa: I think the methods are similar but a much faster pace. Some methods cannot be used because of the pace. But most futures methods can be used in stocks.
08:52 LordAlfa: There is still hope on the 610T chart
08:53 johntrader: I think there is more manipulation in stocks. takes less $ to create a head fake, esp. those with fewer than 1mil shares/day
08:54 LordAlfa: I might be scratching this trade. I have 3 pt wide stop. I'll lower it to 2pt if it allows me.
08:55 johntrader: it's now or never for this
08:55 LordAlfa: Yep. Heard about that.
08:56 LordAlfa: Sold also in anticipation of the EMA Xover. it did not happen.
08:56 johntrader: needs to break 9.25 and not look back
08:57 LordAlfa: Stop moved.
08:58 LordAlfa: Finally a Xover on the 233T but has not happen for the 610T
09:00 johntrader: there we go, just can't come back
09:02 LordAlfa: replotted the pattern, would have entered here as well. Xover not complete on the 610T. That worries.
09:02 johntrader: stop = 30
09:04 johntrader: flat
09:06 johntrader: I shoulda hung in there
09:07 LordAlfa: Came to 1 tick of my stop. I think the Xover should happen
09:07 johntrader: looks like your stop is perfect
09:09 LordAlfa: Don't like it still. Opened higher.
09:11 johntrader: 2 triangles have formed, a breakdown here should be significant
09:12 LordAlfa: Stopped.
09:15 LordAlfa: sonsolidation here. 30.75 - 28.75
09:20 johntrader: l 1 29.5 for a scalp
09:21 LordAlfa: back to why software is a good business. Imagine with Ninjatrader, monthly 39.95 should you fail to meet the trade quota. So many traders out there.
09:22 LordAlfa: This servicing licensing is a good business. Sustained income.
09:22 LordAlfa: Same with CA or Oracle or SAP.
09:24 johntrader: flat for +.5
09:26 johntrader: software business great, but also kinda boring, isn't it?
09:26 LordAlfa: The lawyers have all the "fun" hammering out these deals.
09:27 PashaLV: GM all
09:27 johntrader: that and investment bankers...got to be interesting businesses
09:27 LordAlfa: I use and integrate Open Source. The fun is in the integration.
09:27 LordAlfa: No liabilties for the software. Hey its FREE.
09:28 LordAlfa: OS attitude is, If it aint't broken don't fix it. Paid software is "Its always broken so fix it"
09:29 LordAlfa: This is boring. It can't break 30.74
09:29 johntrader: I use both ninja, and quote.com for trading
09:30 johntrader: or I should say, qcharts
09:30 LordAlfa: Finally some action
09:30 johntrader: I think its going up, but don't like to trade the open
09:31 LordAlfa: Beg to differ. It will get flushed again for the morning.
09:32 johntrader: that's why I don't trade the open
09:32 LordAlfa: Xover finally
09:32 prestwickdrive: bonds strong. big 10 yr auction at noon CT
09:33 LordAlfa: Waiting for signals
09:34 LordAlfa: Selling 29.50
09:35 palmer: any sound
09:36 palmer: or no one is talking
09:36 palmer: gotcha
09:37 LordAlfa: Stopped
09:37 johntrader: headfake down
09:37 VO: s @ 33
09:37 LordAlfa: Yep.
09:39 VO: 1 off 32
09:40 VO: flat 32.50
09:40 parson: S 1 @832.75
09:40 prestwickdrive: trin .55, a/d 10/3
09:41 johntrader: S 1 32.5
09:42 LordAlfa: S31.50
09:42 prestwickdrive: bigs buying and smalls selling so far
09:43 prestwickdrive: not significantly so far though
09:44 johntrader: flat +2
09:44 parson: cvd.3 @830.5
09:45 VO: L @ 30.75
09:45 VO: stop 29.75
09:47 LordAlfa: flat 31.50
09:47 johntrader: L 1 31
09:48 VO: stop be
09:48 VO: 1st 35.50
09:49 VO: 1 off 33.75
09:50 johntrader: flat 34, + 3
09:51 VO: stop 31.50
09:53 LordAlfa: Great entry VO.
09:54 VO: stop 32.7
09:56 LordAlfa: Should get your 35.50
09:57 VO: flat
09:57 LordAlfa: L32.75
09:58 palmer: shorted 833
10:01 palmer: wouldn't be surprised to see 839.50
10:01 koolblue: long from 832.75...
10:02 palmer: no kool I am short :)
10:02 VO: s @ 32
10:04 johntrader: s 1 @33
10:04 parson: s 1 @33
10:06 Margie: GM Kool
10:06 VO: 1 @30.25
10:06 Robin: morning Kool...
10:06 LordAlfa: Stopped
10:06 Robin: morning everyone
10:06 parson: cvd 1@831
10:06 VO: stop 31.75
10:06 jt143: gm
10:06 johntrader: flat 30.25
10:06 koolblue: stopped at 830.75...loss of 2..
10:07 VO: stop 31
10:08 palmer: come on 28
10:09 LordAlfa: S29.50
10:10 prestwickdrive: bigs +7k, smalls -8k
10:11 VO: flat 29.75
10:12 palmer: come on 28
10:12 LordAlfa: 28 for palmer
10:13 LordAlfa: yep. Missed it. Obvious on th 233T
10:15 palmer: come on828
10:15 LordAlfa: Hang on palmer
10:15 palmer: :)
10:15 koolblue: buying 827.25
10:15 palmer: sweet +5
10:15 palmer: thanks
10:16 LordAlfa: flat 28.50
10:19 johntrader: s 1 29
10:21 johntrader: flat be
10:23 palmer: s 829
10:23 LordAlfa: L28.50
10:29 parson: s 2 @827.25
10:30 palmer: out 826.5 +2.5
10:30 koolblue: long from 826.50
10:30 VO: L 1 @ 26.25
10:32 LordAlfa: stopped
10:32 parson: cvd 2@825.
10:35 VO: flat 25.75
10:42 LordAlfa: L 27
10:43 LordAlfa: 1 off 28.50
10:45 LordAlfa: Yep. ABC on the 610T & 5 min
10:45 Margie: good job Kool
10:45 Margie: yes I do
10:46 LordAlfa: Sorry the 5 min doesn't show. My previous plot was still there
10:46 palmer: sold 829.
10:49 LordAlfa: 1 more off 29.25
10:49 LordAlfa: 30.25
10:49 palmer: add here831
10:50 VO: s 1 @ 32
10:50 prestwickdrive: bigs +10k, smalls -7k
10:51 LordAlfa: Going to buy retrace
10:51 LordAlfa: Have to be below 29
10:52 parson: s 2 @31.75
10:52 VO: bidding 30
10:54 koolblue: charts posted
10:55 VO: flat 31
10:55 LordAlfa: L30.25
10:57 LordAlfa: 1 off 32.50
10:58 VO: s 1 @ 31.50
11:00 koolblue: buying 829.50
11:01 VO: flat 30.75
11:01 LordAlfa: Buying 29.50 too
11:02 parson: flat @ 830.75
11:03 LordAlfa: If this hits 29.50 or slightly below, a nice ABC, 100=36, 161=40.75
11:04 LordAlfa: Damned. Kool, 1 tick denial!
11:07 LordAlfa: 29.50 filled
11:07 parson: s 1 @830
11:07 parson: S2
11:08 parson: s2 QMH9 @3750
11:08 VO: s 1 @ 30
11:10 VO: flat 29
11:11 LordAlfa: Target 33, 35.50 and 39.75
11:11 koolblue: long 2@ 829.25, covered one at 830.25...plus 1 ,now up 4...
11:12 PT: L 30.25
11:13 LordAlfa: Stop moved 28.50
11:13 LordAlfa: 1 off 33
11:13 PT: Stop @b/e
11:14 koolblue: out at 832.25,plus 3 on that half...now up 7 on the day and smilin...so far!
11:14 PT: out half at 33.25
11:15 parson: cvd833 (-3) Couldn't get out @@#$%&^%$
11:19 VO: s ! @ 34.25
11:27 VO: flat 32.50
11:30 LordAlfa: 1 off 35.50
11:31 LordAlfa: Last one 39.75
11:33 LordAlfa: Thanks. I wonder if this has to do with my psychology. I start negative for the day then overtakes. Same with my race days, I qualify like an amateur then race like a professional overtaking the guys in front.
11:33 LordAlfa: I have to shake this losing start of the say.
11:33 LordAlfa: start of the day.
11:33 PT: Stop @ 31.75
11:35 koolblue: long one from 834.00
11:36 johntrader: L 1 33.5
11:40 PT: flat at trailing stop
11:42 johntrader: stopped 32
11:42 LordAlfa: scalping buy 32
11:44 johntrader: my stop shoulda been my buy
11:48 LordAlfa: stopped
11:51 LordAlfa: Still in for 1 long since 27.
11:53 prestwickdrive: ldva 28.25, poc from yest 28.0, dpoc 30.25
11:53 LordAlfa: I think I'll add 1 contract since the 27.
11:54 LordAlfa: Looking for Xover
11:55 LordAlfa: L 32
11:55 koolblue: long at 830.50,out at 832.25....
11:56 koolblue: plus 1.75,now up 6.5
11:57 LordAlfa: Still an upside ABC off the 5 min
12:04 LordAlfa: Is this the 6th or 7th wave?
12:08 LordAlfa: If we get through 32.75, it will go upside, if it fails, it will go down.
12:09 LordAlfa: Yep.
12:09 LordAlfa: Here it comes. Hope it breaks 32.75
12:11 LordAlfa: I am going to scratch this 32 entry to BE+1
12:12 LordAlfa: filled
12:13 LordAlfa: Buying 33.25 if it breaks 32.75
12:14 LordAlfa: canceled
12:17 johntrader: L 1 28.5
12:18 parson: L 1 @829
12:20 LordAlfa: We are all a bunch of skrood up analytics
12:21 LordAlfa: My 27 is still in there. ...... Looks like a long wait.
12:22 prestwickdrive: ldva held
12:22 johntrader: flat 30 +1.5
12:22 prestwickdrive: so far
12:24 LordAlfa: +13.50 at the moment with that 27 in there still
12:26 LordAlfa: I place 27.25 stop. I am getting tired. It will give me my podium finish though.
12:28 johntrader: s 2 @ 30
12:29 VO: trying 1 @ 30
12:29 parson: flat 830.5
12:30 LordAlfa: L29.75
12:34 johntrader: out 1 28.75
12:34 VO: flat 29
12:37 johntrader: target 26.25
12:38 koolblue: long from 828.75, 1.5 stop
12:39 VO: L 1 @ 30
12:39 LordAlfa: flat 30.75
12:40 johntrader: stopped 1 +1.5, 1 - 1.5....be
12:41 VO: stop 31.50
12:42 LordAlfa: OK go up. Since you did not stop me. Last contract. Give me a podium trophy.
12:42 LordAlfa: stop moved 28.50
12:45 Margie: fwiw if that was the 7 waves down no, move from 12:38 to 12:41 was strong up proj
12:46 koolblue: covered at 832.75,plus 4 there..up 10.5 now
12:47 VO: BUY THIS PIG!!!
12:47 LordAlfa: I am hoping VO. I want my trophy!!
12:48 Margie: I'm with ya Kool, maybe too optimistic
12:49 LordAlfa: Looking at 5min. A=24.25 B=36.25 C=28.25
12:53 LordAlfa: No. I think 100% will hit
12:53 Margie: 127.2 is 843.25
12:55 LordAlfa: Don't look good. My trophy looks like it'll burn
12:56 Margie: melting
12:56 LordAlfa: stop at 28.50
12:56 LordAlfa: I'll leave it there. Tired of beating this sow.
12:57 koolblue: long from 829.50
12:58 koolblue: buy this pig!
12:58 Margie: lol
12:58 LordAlfa: This damn sow just killed me. Stopped. last contract
12:59 parson: L 828.5
13:01 parson: L QM @ 37400
13:02 LordAlfa: Game over enough for me.
13:04 LordAlfa: parson joined you
13:04 LordAlfa: I am waiting for a Xover
13:04 LordAlfa: Now. L 28.50
13:04 parson: good, I nedd some support
13:04 LordAlfa: 29.50
13:05 LordAlfa: touched 31.50. No fill to exit
13:06 LordAlfa: Stop moved BE +2
13:06 parson: covd @ 830.5
13:06 LordAlfa: Stopped
13:07 LordAlfa: + 15.75 done. I don't wanna play anymore.
13:09 parson: well done!
13:09 LordAlfa: Would have been if I had my trophy
13:10 LordAlfa: nice downside abc to 22.75
13:11 LordAlfa: sorry 23
13:11 VO: L 1 @ 27.75
13:11 koolblue: stopped at 828.00on my long from 829.50,loss of 1.5...now up 7.5 on the day...(was long 2!)
13:15 VO: flat 29
13:16 LordAlfa: Anoth 61.8% retracement
13:18 Margie: do you draw thoise vo or get them from the bands
13:26 VO: s @ 28.25
13:27 LordAlfa: Strong support at 28
13:28 LordAlfa: I'll go down but must break 26.25, 100% ext.
13:28 VO: stop 30.50
13:29 LordAlfa: Join you for 1 contract 28 short. Keep you company.
13:29 LordAlfa: Nevermind, Trying it.
13:30 LordAlfa: Stop is tight 30
13:31 LordAlfa: 27.25 is a ledge. Bring it down boys.
13:32 LordAlfa: Bailed out BE+1
13:33 LordAlfa: There she goes
13:34 VO: 1 off 27
13:34 VO: sstop be
13:35 koolblue: short 2@ 827.00looking for 824.25 minimum, will exit a handle higher...
13:36 VO: flat 26.25
13:37 LordAlfa: Its ok. Looks like a good opportunity.
13:38 koolblue: out at 826.50,plus 4 ticks...up 8.5, and selling 828.50-829
13:40 parson: s 26.5
13:42 prestwickdrive: -50% ib = 22.0
13:42 parson: tnx PT
13:43 koolblue: buying down here!
13:43 LordAlfa: 23 is 161.8% ext. Expect support there.
13:45 LordAlfa: Steady decline from 28
13:45 prestwickdrive: glbx low 23.25
13:46 johntrader: l 1 23.l5
13:46 parson: cvd @ 23.75 (2.75 pts)
13:46 koolblue: long from 823.50
13:47 johntrader: 23.75
13:47 koolblue: correction ,,,from 823.25
13:47 LordAlfa: L23
13:48 parson: l@23
13:48 LordAlfa: Did not exit 24 amd stopped 22
13:48 palmer: cover +8.50 @821.5
13:50 palmer: was short average 2 from 830
13:50 johntrader: great job palmer
13:51 palmer: thanks
13:51 palmer: great down for me
13:51 palmer: +35 point
13:51 LordAlfa: You are my hero
13:52 prestwickdrive: 19.5-20.75 singles, 17.5 = -100% ib
13:53 parson: wow, palmer! congrats
13:53 palmer: thanks
13:55 johntrader: L 2..avg 22.5
13:56 prestwickdrive: crude $36 area. who wouda thunk last year ...
13:56 parson: 1 more @823.25
13:57 LordAlfa: Yeah. $145 last year.
13:57 koolblue: out at entry price...
13:59 LordAlfa: I was paying 1.5 USD for a litre of diesel.
13:59 LordAlfa: Used to cost 46 cents a litre.
14:07 palmer: sell 823.50
14:07 palmer: just chop
14:08 prestwickdrive: bye sleep well
14:08 LordAlfa: Bye. Have a profitable day.
14:08 Margie: byebye
14:09 palmer: stop 25.75
14:09 lippy: hi, thanks,i can hear you
14:12 prestwickdrive: crude testing lod
14:13 koolblue: longfrom 822.50
14:14 palmer: come on 821.50
14:15 lippy: just want to say you guys are a nice group of people, nice to be here
14:15 palmer: out +2
14:16 palmer: this thing coudl goto 816.50
14:16 prestwickdrive: 19.5 yest lod
14:16 VO: l 1 @ 20.25
14:16 koolblue: stopped at 821.00..loss of 1.75..now up 6.75 on the day
14:18 koolblue: long (one only) at 820.75
14:20 parson: l 820.75 (1 )
14:20 VO: offering 23
14:22 prestwickdrive: lva 20.5
14:23 parson: yes they are, Lippy. ya can learn a lot from them
14:24 palmer: 816.50 I think
14:24 parson: let me get out first. :-)
14:25 VO: flat 23
14:25 johntrader: out 1, holding 1
14:25 parson: out w/1 @823
14:26 koolblue: CHART POSTED
14:26 johntrader: stop be
14:27 koolblue: out at 824.00,plus 3.25 on that scalp...now up 10 handles on the day!
14:28 johntrader: stop 22.75
14:32 parson: L (!) @ 824.5
14:33 parson: L (!) QMH9 @ 824.5
14:34 parson: correction 35.975
14:34 parson: QM
14:36 parson: cvrd @827 (2.5 handles)
14:39 prestwickdrive: parson - are you in the mumble chat?
14:39 parson: no, sorry My computer has windows 2000
14:40 prestwickdrive: too bad - much more dialogue in it
14:41 johntrader: out 27 from 20.5
14:42 parson: I may buy NEW LAP TOP FOR MOVING AROUND: iF IT WILL xp, PROBABLY. I UNDERSTAND xp IS ACCEPTED.
14:42 Vast524: xp is fine
14:43 parson: GREAT ! WIL PROBABLY GET ONE THIS WEEK
14:43 VO: s 1 @ 27
14:43 prestwickdrive: Favre just retired again, fwiw
14:44 parson: rEALLY ! I DIDN'T THINK HE'S BEEN TOO HAPPY.
14:46 VO: bidding 25.50
14:50 VO: flat 26
14:53 koolblue: CHART POSTED
14:53 Vast524: lol
14:54 Vast524: get some sleep
14:54 Vast524: post it on the ninja forum
14:55 prestwickdrive: bye KB
14:55 Margie: thank you Kool
14:55 Vast524: cya Kool
15:01 prestwickdrive: ib high is 35.5, KB 15 min tgt is 35.75
15:03 prestwickdrive: singles 35.75=36.25 hod
15:03 prestwickdrive: -, not =
15:12 johntrader: L 1 @ 32
15:16 johntrader: out +1
15:17 johntrader: oops, got chicken, that was my target, 35
15:24 Vast524: Sell this Pig. lol
15:28 johntrader: S 1 32, w/33stop
15:30 Margie: buy a little pig first
15:32 parson: s 1 @831
15:33 Margie: everything for me froze for 30 sec, lovely
15:39 Margie: pwd where are the bigs, pls
15:42 prestwickdrive: +10k
15:42 prestwickdrive: had been +20k
15:54 VO: L 1 @ 30
15:56 parson: L 1 @30
15:59 Margie: I need to learn to trust that 34 line on the 610t. It usually holds pretty good
15:59 parson: out @ 31.50
15:59 prestwickdrive: +23k now
15:59 prestwickdrive: +26k
16:00 prestwickdrive: +27k
16:05 johntrader: good job pwd, me +5
16:07 prestwickdrive: johntrader - those were answers to PT's question about big $'s net position. I wish I had done that well trading today. It was positive but labored.
16:11 prestwickdrive: bigs now +30k
16:11 prestwickdrive: bye all and TY
16:11 Vast524: Bye PWD
16:13 VO: flat 31.25
16:16 jt143: gn ty
16:24 johntrader: gn all
Thurs. Feb. 12th

06:47 LordAlfa: GM Margie. Had breakfast?
06:47 Margie: GM LA, no breakfast yet
06:47 LordAlfa: Finished dinner here
06:48 Margie: too early for breakfast 3:48 am, still sleeping, zzz
06:50 LordAlfa: OK. Which time zone are you in? I though you were CST
06:50 LordAlfa: Forgot. Las Vegas
06:52 Margie: Horrible place to live
06:52 LordAlfa: Why? Have you lived there since you were hatched?
06:53 LordAlfa: I am looking at the 233T form an upside ABC. Looks promising if it declines to 822.
06:54 LordAlfa: 822.35 to be exact
06:55 LordAlfa: It has met 50% retrace 822.75, 61.8% is 822.25
06:55 LordAlfa: There now.
06:55 Margie: no, I was "hatched in Reno, NV. Met my husband almost 25 years ago, lived in Ireland and NewJersey, right across from NY. Have been here for 15 yrs. Time to move on but economy won't let me.
06:56 LordAlfa: What is your profession besides intraday trading?
06:56 LordAlfa: 233T looks promising now. Wait for 2nd candle
06:58 LordAlfa: Looks like it might run for the gap close 831.50
07:01 LordAlfa: Buying 23.50
07:05 Margie: Have been full time trading since 2nd son bornend of 2005, along with other investment responsibilities. Prior to that escrow officer, got real burnt out closing 200 properties plus a month. Every one was building and everyon was buying 10 or more, crazy.
07:05 Margie: now economy in the dumper
07:06 LordAlfa: I was an account manager in Nokia for 10 years. Got sick of the corporate ladder. Came out on my own.
07:07 LordAlfa: Computer firm assisting SMBs Small Medium Businesses.
07:07 Margie: Office politics is really not my thing
07:07 LordAlfa: Economy in the dumps here. MNCs retrenching.
07:08 LordAlfa: We used to be a British Colony like HK. Now we are an "American Colony", if HP, Seagate, IBM were to leave, we are just dry like when the British left.
07:10 LordAlfa: Because the economy is in the red, I have to switch my attention to trading. My wife supplies the government, so the job is safe. They are the only ones with spending power. I hedge her income with trading.
07:12 LordAlfa: Globex high 30.25, expect resistance after 29.50
07:15 Margie: I get the 15 min if using 2 candles at 829
07:16 LordAlfa: I have 3 targets. 26.75, 29.50 and 31.50
07:17 LordAlfa: Stop is 22. Just below C
07:18 LordAlfa: I am going spend my daylight next week completing Kool's method and algoritmize it. Price and time. Most likely in Excel until somebody better in C# does it as an indicator or Ninja.
07:19 Margie: his proj are deadly, no one can call it like Kool
07:20 Robin: morning :)
07:20 LordAlfa: Hi Robin.
07:20 Margie: GM Robin
07:20 Robin: Lordalfa.... just wanted to say congrats on your trading.... it's been very impressive
07:20 Robin: Kool is amazing...
07:21 Robin: i'm still trying to apply it to my trading...
07:21 LordAlfa: Thanks.
07:21 Robin: for me the time projection isn't working.... but price projection is..
07:22 Robin: but i'll keep trying :)
07:22 Margie: Robin, all this knowledge, we should be great traders a little while with some more application ourselves, I believe
07:22 LordAlfa: In the 80s, there is an algorithm method called "expert systems". I hope I can dig into his brain and "program a brain" called Kool's Brain.
07:22 Robin: I hhope so Margie :)
07:23 Robin: lordalfa.... that would be something if you could...
07:23 Margie: That 15 min projection is powerful
07:23 Robin: I only just did it right yesterday...
07:23 Robin: hadn't really paid attention to it... was trying on smaller timeframes
07:23 Robin: yesterday it was amazing...
07:24 LordAlfa: I started with the ema3 ema9 crossover. I have been learning at an accelerated pace. Over the weekends, I use the stored data in Ninja to practise.
07:24 Robin: so once we get a projection off the 15 do we then just trade into that projection?
07:25 Robin: that's what i'm trying to figure out.... I actually think i'm going to go with a longer timeframe chart to stay in the trade for more points
07:25 Margie: Robin I haven't been, I guess I'm slow but that is where my brain is headed.
07:25 LordAlfa: I am beginning to use the Xover with the VO's ABC method. I am learning the pattern reconigtion faster. After I get comfortable with the ABCs, I will get on Kools, price and time projections.
07:25 Robin: well the abc is what I trade...
07:25 Margie: Robin this was my thought
07:26 Robin: I love it...
07:26 Robin: it makes sense to me and I try to keep it simple
07:26 Robin: LA... could you explain how you use the xover?
07:27 Robin: if you don't mind...
07:27 LordAlfa: 2 EMAs, Period 3 and Period 9.
07:27 LordAlfa: 3 crosses above 9, long. vice versa for short.
07:28 LordAlfa: It seems to like the 610T chart. I can see trends better than the time based chart.
07:28 Robin: so if it crosses 3 times.... then you take the trade?
07:28 LordAlfa: It confirms the ABC onthe trend direction.
07:30 LordAlfa: I used to trade on the 1 min but frustrates me to see. On the 610T after I tried the ABC, I added the Xover and I immediately saw the noiseless price action.
07:32 LordAlfa: Sometimes 3 times crossing happens but on the faster 233T chart. The 610T filters that off. My 610T shows Xover to short 1914h. Long recently at 0625.
07:33 LordAlfa: I scalp using the 233T, 1 to 2 point types. For skiddish index fingers.
07:34 LordAlfa: I'll post on the indicator thread.
07:38 LordAlfa: posted EMA 3 and EMA 9 crossover method.
07:41 LordAlfa: A shelf on 24.75
07:43 LordAlfa: If it closes to 0830, I'll scratch this trade. Jobless claims annoucement. It's got to be bad news.
07:45 Margie: I know lord but remember the rally after unemplyment was the worse since the 1970's?
07:46 Margie: just soemthng to keep in mind
07:46 LordAlfa: Yeah. It doesn't make sense most of the time. "i am gonna lose my job, let's blow the account" attitude.
07:47 Margie: typing is horrible, sorry
07:47 LordAlfa: I think I know why it makes sense. Deleveraging. I sell at any price to get cash back.
07:47 Margie: exactly, that caught me off guard
07:48 LordAlfa: Just exactly what happened to Gold after Citi when crippled.
07:49 LordAlfa: Banks selling Gold to get Cash to keep afloat. Gold price plummeth as well. It was throw dead weight of the ship.
07:50 LordAlfa: Move my stop to C point. Worst case I lose 3.75pts
07:54 LordAlfa: Hi Palmer.
07:54 palmer: morning gang
07:54 Margie: GM
07:54 LordAlfa: How is my hero today
07:55 LordAlfa: Lost him.
07:56 LordAlfa: Going to get that sell signal on the 5 min MACDHist. Stopped.
07:56 Margie: out
07:56 LordAlfa: Pattern failed.
07:58 LordAlfa: -3.75
08:02 LordAlfa: A is not taken out yet. Migh look for re-entry
08:06 LordAlfa: Trying again L 22
08:09 LordAlfa: Stopped.
08:10 LordAlfa: Downside ABC on the 1min to 17.75
08:15 LordAlfa: 15 min deadly using 7:00am bar shows 19
08:24 Margie: GM PT
08:25 LordAlfa: Hi PT
08:26 karen: gm gang
08:27 Margie: VO, GM
08:27 LordAlfa: ABC off the 1min will not hold if C=23 is taken out.
08:27 karen: news in 3
08:27 karen: jobless claims and retail sales
08:28 Margie: thx Karen
08:28 karen: yw
08:30 LordAlfa: Margie, history repeats.
08:30 Margie: Yes, I scratched the trade before the news, no guts
08:32 Margie: pt, pls repeat
08:33 LordAlfa: 24.75. Hit the most
08:33 Margie: thx
08:34 prestwickdrive: lva 27.25
08:34 johntrader: gm everyone
08:34 Margie: gm
08:37 LordAlfa: hi
08:50 LordAlfa: S23.75
08:57 johntrader: asking 24.75
09:01 LordAlfa: 1 off 22.25
09:02 jt143: gm
09:02 johntrader: nice trade LA
09:03 LordAlfa: thanks. On auto pilot. Need to fix my massage table for my masseus to arrive.
09:04 johntrader: sounds nice
09:04 LordAlfa: Getting massage while watching this.
09:04 johntrader: good way to start the trading day!
09:05 LordAlfa: She's my wife. :-)
09:06 johntrader: even better
09:09 LordAlfa: 2 off 20.50
09:09 LordAlfa: stop move 822.25
09:09 LordAlfa: Sto0p move 20.50
09:10 LordAlfa: sorry 21.50 Damn must this happen so soon. I told her to wait now.
09:11 LordAlfa: moved again 20.50
09:11 prestwickdrive: ahhh - take the $ and the massage. lol
09:12 LordAlfa: Now something is wrong with massage bed. Need to fix it.
09:12 LordAlfa: Heck it. put the stop at 20.50 and the target to 17.50. First come first served.
09:13 Margie: What do people have for downward 15 minute? I had one at 818.75?
09:14 VO: 16.75
09:14 Margie: thks, Vo what time do you get that?
09:14 LordAlfa: stop moved 19
09:15 VO: starting at 14:30 yesterday
09:15 VO: 1st 2 bars
09:15 myptofvu: 16.85 so either 16.75 or 17.00
09:15 LordAlfa: flat.
09:16 LordAlfa: 18.75 Need to fix the bed. Be back soon.
09:19 prestwickdrive: for planning - singles 797.5-800.25, 800.5-801.25, 801.5-809.5 and 809.5-812. sq 9 813 and 799
09:20 Margie: I see the 811
09:23 akola: 1 month support
09:24 Margie: we have a big opening gap forming here
09:26 jt143: fwiw 15.75 mnthly ldva
09:26 akola: HS on hourly chart
09:28 Margie: Kool, that 15 min proj you left us with yesterday was awesome
09:28 VO: 13.75 = 88.6 from daily upswing
09:31 VO: s2 = 12.25
09:34 VO: L @ 13.25
09:35 VO: 1 at 14.25
09:37 VO: flat 14.75
09:48 VO: 18.75 = 161.8
09:49 VO: 16.75 = 100, 17.75 = 127.2
09:49 parson: L 1 @ 814.25
09:50 VO: s 1 @ 16
09:50 VO: stop be
09:53 VO: stop 14.
09:55 VO: flat 12.25
09:56 PashaLV: GM all
09:56 VO: L @ 10.75
09:57 simjs: Hi, Good morning...Can I know where I can see the chart ?
09:57 koolblue: long at 810.75
09:57 simjs: OK....thank you...
09:57 VO: 1 at 12.25
09:58 VO: stop 11.25
09:58 VO: flat
10:00 VO: L 1 @ 10.50
10:04 koolblue: selling
10:05 VO: flat 10.75
10:06 VO: great timing VO!
10:06 gila: 47.36 vix up 2.83
10:06 gila: 2.02 trijn
10:11 VO: s 1 @ 1325
10:16 koolblue: sold 2 at 811,stopped at 814, loss of 6 total, down 5 now
10:16 VO: flat 12.25
10:17 prestwickdrive: nice trading vo
10:18 VO: im pissed cause I bailed my long 2 trades ago
10:20 LordAlfa: I'm back S 12.25
10:25 LordAlfa: stopped
10:25 VO: s 1 14@
10:26 VO: stop 13.75
10:26 LordAlfa: S 13.50
10:27 VO: flat
10:28 LordAlfa: Stopped.
10:30 koolblue: shrt one from 814.00 added one at 815.50, avg on 2 es is 814.75
10:31 LordAlfa: S14.75
10:31 LordAlfa: BE +1 flat
10:34 koolblue: covered one at 813.50 and one at 814.00
10:34 johntrader: L 1 @13
10:36 johntrader: out @14
10:41 LordAlfa: Take care.
10:41 Margie: Bye Kool, take care
10:42 prestwickdrive: dva 10.25-16.0
10:42 VO: s @ 12.50
10:42 karen: thks pt
10:43 johntrader: S 1 @13
10:44 parson: s 2 @ 814.5 (earlier)...............cvd 2 @812.5
10:44 VO: wrong
10:44 johntrader: stopped 14
10:44 VO: stop 14.250
10:45 johntrader: tried to go long, missed it
10:46 Margie: really fast
10:46 VO: s @ 16.25
10:46 VO: will add 19ish
10:51 johntrader: s 1 @18.5
10:51 LordAlfa: 2pm10:53 parson: L 1 @ 817.75
10:54 LordAlfa: L 16.75
10:55 parson: out @818.75
10:55 LordAlfa: 1 off 19
11:01 johntrader: stop 18
11:01 VO: flat 14.75
11:02 LordAlfa: L15
11:02 johntrader: out 15
11:04 LordAlfa: out 16
11:05 johntrader: s 17.25
11:07 LordAlfa: All dojis on the 233T
11:08 LordAlfa: Downside not valid
11:10 prestwickdrive: singles from yest 19.5-21.25
11:10 LordAlfa: Downside now seem valid
11:12 LordAlfa: Sell 17
11:12 VO: s @ 17
11:13 LordAlfa: I am with you VO
11:13 johntrader: stop 18.5
11:14 LordAlfa: Stop a C. 18.75
11:15 VO: 1 at 15.50
11:15 VO: stop be
11:16 LordAlfa: Stop moved BE +1
11:16 LordAlfa: Ugh the averages
11:17 LordAlfa: Going down
11:17 LordAlfa: 1 off 14.25
11:18 prestwickdrive: 813 sq 9
11:18 VO: flat 14
11:18 prestwickdrive: 11.75 ldva
11:18 VO: bailed too early prolly
11:20 LordAlfa: heading for a retrace hopefully between 16.50 - 15.75
11:20 VO: 127.2 = 12.50, 161.8 = 11
11:20 LordAlfa: Nope. looks like its south.
11:20 LordAlfa: I have my next target 11.50
11:21 karen: pt...do you have the developing value areas?
11:21 karen: my MP isn't working for some reason
11:21 karen: oh k, thks
11:22 prestwickdrive: now 12.0-17.75
11:22 karen: thks alot!!
11:22 prestwickdrive: ldva held so far
11:22 karen: k great
11:27 LordAlfa: stopped
11:27 PT: hi icepick
11:27 icepick: hi - thanks
11:29 LordAlfa: I am waiting for that to happen in 20 years
11:35 johntrader: s 2@17.5, stop 18.5
11:35 LordAlfa: On the 5 min. Recent low 12. is a 61.8% retrace. ABC upside is 23 at 100%
11:40 johntrader: stopped, -2
11:42 johntrader: L1 18.25
11:43 LordAlfa: L since 16.50, 1 off 20.75
11:45 johntrader: out 21 + 2.75
11:54 LordAlfa: stop moved 18.50, next target 23
11:55 koolblue: covering
11:56 koolblue: plus 2 ticks...down 0.75 on the day
11:59 LordAlfa: stopped
12:03 koolblue: long from 818.50(the avg)...covered at 820.50,plus2 on that one...up 1.25 on the day...watching
12:06 PashaLV: http://www.collective2.com/
12:06 PashaLV: sorry
12:07 LordAlfa: Its not forming VO
12:09 VO: s @ 20.25
12:09 LordAlfa: Now the signal is there
12:09 VO: stop 22
12:10 LordAlfa: S 20.25
12:11 LordAlfa: stop 21.75
12:11 VO: 1 at 19.25
12:11 koolblue: long one from 820.00..
12:14 VO: stop be
12:15 LordAlfa: Liquidated 1 at 19
12:15 VO: flat
12:17 prestwickdrive: udva now 19.25
12:18 prestwickdrive: dpoc 15.5
12:19 karen: thks pt
12:19 karen: I mean prestwick
12:19 prestwickdrive: 30 year bond auction in 40 min
12:19 prestwickdrive: yw
12:20 LordAlfa: stopped
12:24 Ensign Howard: the 02-12 v can be downloaded now which fixes the 1st Internet Source downloading a daily bar for today.
12:25 koolblue: covered at 822.00,plus 2 on that scalp...now up 3.25
12:29 VO: s @ 24.75
12:30 prestwickdrive: comp is positive
12:32 prestwickdrive: 100% ib ext. is 26.25
12:33 VO: bidding 22.75 for 1
12:35 johntrader: gettin some lunch
12:36 LordAlfa: OK John, Avocado sandwich for VO with Mango as dessert
12:36 adrian: gm all. Is there a place where I can read about the set ups you are using?
12:36 LordAlfa: I'll have a BLT.
12:37 LordAlfa: Kool's Tools forum
12:38 VO: 1 at 23.25
12:39 VO: flat 23
12:39 adrian: tks lord
12:40 Margie: would you be looking for the seven waves still?
12:41 LordAlfa: Price action is undecided. It can't go down after the 25 high
12:43 LordAlfa: ledge 22.75
12:46 Margie: oh PT, don't say that!
12:46 LordAlfa: It went down now
12:53 prestwickdrive: bigs -33k now, smalls +15-17k
12:57 koolblue: Chart posted
12:59 Margie: thks for the chart, can never get enough of those
12:59 adrian: kool where?
13:00 LordAlfa: selling signal
13:05 prestwickdrive: 30 yr auction has pressured bonds down - flight to safety
13:06 Margie: another 7 minutes down
13:07 Margie: That's cuz he just emailed advget
13:07 Margie: lol
13:07 LordAlfa: Selling since 20.50
13:08 VO: 17 = 5m target
13:08 Margie: mine is 1:13 but ninja time
13:08 koolblue: adrian, chart is at mypivots.com..kools private room, which you should be able to access
13:09 adrian: kool, just registered, waiting for email
13:09 koolblue: ok
13:11 Margie: proj down to 801?
13:12 PT: brb
13:13 LordAlfa: Downside ABC formed
13:14 VO: s @ 20
13:14 LordAlfa: Added 2 more. 20.25 average entry
13:15 VO: stop be
13:15 palmer: news on emergency meeting at goldman
13:15 koolblue: sol;d 820.25, covering here
13:16 koolblue: covered at 817.00, plus 3.25 there...now up 6.50
13:17 LordAlfa: stop moved 21.50
13:17 VO: 1sst 14.25
13:17 VO: 2nd 12.25, 3rd 9.75
13:17 LordAlfa: I have it there too VO.
13:18 Bary: whwhat is the 15min daedly is it on the forum
13:18 Bary: what is 15m deadly? on forum/
13:19 Margie: it is the price projection using the 15 min candles, it is on the forum also
13:19 LordAlfa: Bary you need to do some homework on how the calcs are done.
13:19 VO: 1 @ 17
13:19 Margie: I was talking to Bary
13:19 Margie: He didn't know what it meant
13:20 Bary: i'm new I'll look on forum thx
13:22 prestwickdrive: dpoc = 15.75
13:26 koolblue: short one at 816.25
13:29 VO: flat 16
13:29 koolblue: stopped at 818.25 loss of 2, now up 4.5 and trying to sell the avg(1 min)
13:30 Margie: I hope to one day trade a 15 min cycle from top to botttom. I think it's a great goal but a long way to go.
13:31 Margie: I don't either but I am gonna start eating nails
13:32 LordAlfa: 19 is a 61.8% retrace
13:32 LordAlfa: I have options too. Have to look for stock with high beta
13:32 Margie: I was awake last night thinking about just that
13:32 Robin: me too margie :)
13:32 Margie: Robin:)
13:33 Robin: good afternoon... been off due to a terrible wind storm... not cable or internet connecxtion
13:33 Robin: Margie andLordAlfa... sorry to abruptly leave during our conversation :):)
13:33 Robin: haha
13:33 Margie: Kool you still thinking about selling 18.75?
13:34 Robin: trying to type too fast
13:34 LordAlfa: OK. Nevermind. The internet is fickle.
13:35 koolblue: order to sell 819.00, but my entries have been lousy today for some reason!
13:35 LordAlfa: Robin, regarding the Xover. I have 3 crosses in the last 20 min. This signifies some consolidation.
13:35 Margie: I'm diggin myself out of a whole caused by that fast market this am
13:36 Margie: hole
13:36 Robin: i've put those MA's on my chart LA.... will watch it... thanks for sharing that
13:36 karen: I really like him too
13:36 palmer: yep he said that yesterday
13:36 koolblue: analysis is good (usually have to direction right) but entries ugh!!!
13:36 palmer: art cahin said 822
13:36 palmer: yesterday
13:36 LordAlfa: I was down too Margie. Just turned +8.50
13:37 prestwickdrive: he has been consistently been saying how critical 820 cash is for the last week+
13:37 LordAlfa: 1 off 14.25
13:41 LordAlfa: Stop moved 17
13:41 prestwickdrive: ldva 12.25
13:42 karen: thks prest...was just going to ask you
13:42 johntrader: stop = 15
13:42 prestwickdrive: karma? lol
13:43 LordAlfa: stop moved 16
13:43 prestwickdrive: dow just cut their div to 15 c from 40+
13:44 prestwickdrive: @13:41
13:45 Margie: I show the mini lo now
13:47 LordAlfa: stop moved 14.25
13:48 LordAlfa: ledge at 13
13:48 LordAlfa: stopped. flat 14.25
13:48 LordAlfa: +24.50
13:49 LordAlfa: consolidation at 13
13:49 Margie: has anyone looked at teh 15 min candles from 9:00 ET?
13:49 Margie: that shows lower
13:49 LordAlfa: yep.
13:49 LordAlfa: 809.75
13:51 Margie: Well I have a proble with the bull candle being the top
13:51 johntrader: L 1 from 14
13:51 Margie: So if I use that top and the next two candles then I get 804
13:51 Margie: 804.50
13:52 Margie: ok, I definitely don't truat myself, that's why I am up at midnight drawing lines
13:52 Margie: But I am getting better
13:52 LordAlfa: trying sell 16.75
13:53 Margie: thanks Kool
13:53 Margie: lol
13:54 LordAlfa: cancelled order
13:54 LordAlfa: Fear keeps us focussed. Do not fear.
13:55 LordAlfa: I have have spare microphones. What's your address?
13:55 johntrader: out 17 + 3
13:56 LordAlfa: Do not fear fear. Accept and acknowldge the fear Margie. Its ok.
13:56 Margie: LA, I can get one but I think I cause enough trouble just typing
14:03 johntrader: L 14.25
14:04 koolblue: long one from 815.50...my usual lousy entry!
14:04 Robin:
14:04 johntrader: bidding 13.25
14:05 johntrader: L 2 avg 13.75
14:06 johntrader: covered 1 @ 15
14:06 johntrader: stop 13
14:07 Robin:
14:07 Robin:
14:07 gila:
14:09 Margie: certainly looks like the 7 wave trend killer
14:10 LordAlfa: 14 ADX
14:10 LordAlfa: 20 EMA
14:10 LordAlfa: ADX above 30
14:10 LordAlfa: Price moves back to EMA 20
14:12 Margie: VO< good job
14:12 LordAlfa: Bye.
14:12 Vast524: From his best selling book "Sell that Pig"
14:13 Margie: from 2001
14:13 LordAlfa: ha ha ha
14:15 johntrader: stop 14.75
14:16 PT: chart posted
14:16 PT: 5m buy signal
14:17 johntrader: out 18.75 + 5
14:17 LordAlfa: Yes PT. Observing that. 10 min the most
14:18 adrian: kool you all in/all out allways or just today cause is choppy?
14:18 koolblue: out at 818.00..plus 2.5 there..
14:18 koolblue: correction 2.0
14:18 LordAlfa: Its him. He is a scalper. His style.
14:19 adrian: yes
14:19 adrian: got it
14:20 adrian: nothing wrong with harvesting $$$
14:20 LordAlfa: L 16.50
14:21 Margie: mini lo in 2 min
14:21 Vast524: He's up in Admin with Robin
14:22 LordAlfa: stopped
14:23 VO: s 1 @ 16.75
14:23 VO: stop be
14:24 Margie: mini lo holding so far
14:25 Margie: the story changed
14:27 VO: SELL THIS PIG!!!!
14:27 koolblue: buy it first!!!
14:28 Margie: I hate when you guys go different directions, it kills me
14:28 VO: stop 16.25
14:28 LordAlfa: Margie, just learn from Kool. When I am wrong I am wrong. Its ok. Nobody will blame him or you.
14:28 Margie: I know, have at it!
14:29 PT: watchout for that 5m histogram
14:29 Margie: I hope you both win but now on the fence till it plays out
14:29 LordAlfa: Gonna turn white
14:30 Margie: It's always trouble when the 15 doesn't fill all the way
14:30 LordAlfa: MACDHist is still red
14:31 Margie: reminds me of this morning when they were messing with us premarket
14:32 karen: choppy choppy here...indecision
14:32 icepick: I thought I was the only one that happens to
14:32 karen: someone really seems to be protecting that 13 area
14:32 LordAlfa: join us
14:33 Margie: pt how do you play ledge?
14:33 Margie: a ledge?
14:33 VO: COME ON!
14:34 VO: stop 15.50
14:34 Margie: sounds good
14:35 Margie: get ready to shout Bingo, Kool.
14:35 VO: SELL IT!!!
14:35 karen: I have developing lva as 812
14:36 LordAlfa: S 13.25
14:36 VO: looking 4 7.25
14:37 VO: stop 14.50
14:37 Vast524: great entry VO. What got you in. Well done for sticking with it.
14:37 VO: ABC
14:38 prestwickdrive: bigs -42k, smalls +10k
14:39 VO: stop 14
14:39 koolblue: long one for a quick bounce @ 810.50
14:40 koolblue: out at 811.00...plus one ...watching
14:40 VO: YEAH BABY!
14:41 Vast524: Oink OInk
14:41 LordAlfa: Slap that sow
14:41 VO: stop 13.50
14:42 LordAlfa: target 09.50 no fill !!!
14:42 Margie: 6 more min til moni lo
14:43 LordAlfa: Yep
14:43 LordAlfa: Touched. I have no exit.
14:45 LordAlfa: Stop mved 12.25
14:45 LordAlfa: 09.25, 1 off
14:46 LordAlfa: next and last 07. 100%
14:46 tommitchell: Mkt profile numbers below 806.50,803,796 and 782.
14:47 VO: stop 12.50
14:48 VO: stop 10.50
14:48 Margie: vo when you are done, collecting your pension here will you post that abc?
14:49 Margie: thank you
14:49 LordAlfa: stop moved 10
14:49 Margie: min I lo hit
14:49 LordAlfa: stopped. Enough today.
14:49 LordAlfa: +27
14:50 Margie: LA, good job
14:50 LordAlfa: Sleepy. Hungry. Tired
14:51 LordAlfa: My broker sure likes me. 99 executions.
14:51 prestwickdrive: get another massage
14:51 LordAlfa: Not very efficient. Have to work on my psychology.
14:51 LordAlfa: She is my client remember? I hedge for her.
14:52 LordAlfa: Knock 3 times
14:52 Robin:
14:52 Vast524: I missed that ABC VO that you took. Didn't pick it up. Need to watch more carefully
14:53 LordAlfa: Not getting the charts
14:53 Robin: sorry.... it's just not posting :)
14:53 Margie: We need PT to program a flashing arrow for us, Vast
14:53 gila: me neither
14:53 prestwickdrive: bigs -52k
14:54 LordAlfa: 07 = 100% just hit
14:54 Vast524: No charts coming up Karen.
14:54 Margie: It's sickly drifting lower
14:54 prestwickdrive: 03.75 = -50%ib
14:54 Vast524: Sorry. I am confused. Sorry Robin.
14:56 johntrader: bidding 6.0
14:57 Margie: Kool, say again
14:58 Margie: Are you buying?
14:58 LordAlfa: He is buying 806.25
14:59 Margie: what about that 804.50 we talked about?
14:59 Margie: but I guess your stop would take care of that
15:00 koolblue: could be BUT MY 3 POINT STOP WOULD PROTECT ME
15:00 Margie: I beat you to it
15:02 Margie: No I just mean the stop for protection
15:02 VO: stop 9.50
15:02 Margie: mini lo next min
15:03 LordAlfa: Great trade VO.
15:03 Margie: Vo, let me know when you sell I'll buy it from you
15:06 VO: stop 8.50
15:06 Margie: so slow like dripping water
15:08 VO: stop 7.50
15:09 LordAlfa: L 06
15:09 VO: flat
15:09 LordAlfa: Good trade
15:09 LordAlfa: stop moved 05.50
15:10 LordAlfa: flat 810
15:11 Vast524: I took the Boll avg. So I missed out
15:12 LordAlfa: L 10.50
15:12 Robin:
15:12 LordAlfa: flat 11.50
15:12 Robin: oh my... still my charts aren't posting....
15:12 Vast524: Only 1pt
15:13 Robin: I know VO...
15:13 LordAlfa:
15:13 gila: obama lowering mortgage costs for some
15:13 LordAlfa: This is the code
15:14 gila: thats when mkt moved up quickly
15:15 gila: cnbc talking up 820
15:15 Robin: ok... so what i'm wondering... how do we try and enter??? for that projection?
15:16 Robin: thank you Kool...
15:17 LordAlfa: Good Jack
15:17 LordAlfa: I jumped out at the avg too.
15:17 johntrader: ugghh, I sold way too soon
15:17 LordAlfa: Its ok PT. We walk away postive.
15:18 prestwickdrive: short covering
15:20 LordAlfa: For the ABC we need retrace to 810.25 and below
15:21 LordAlfa: Upside
15:22 LordAlfa: Not gonna happen
15:22 LordAlfa: It has to plugh trough the average
15:23 LordAlfa: I sit and watch
15:23 LordAlfa: 822
15:23 Vast524: lol
15:24 LordAlfa: LOL15:24 Margie: Kool, doesn't mean it, take the money and run
15:26 LordAlfa: Jack what's your target exit
15:28 Margie: 7 waves up?
15:28 palmer: is monday a holiday
15:28 Margie: palmer ye
15:29 Margie: reg open on Sunday and closed 10:30 ET Monday am
15:29 palmer: market closed?
15:29 LordAlfa: Presidents Day
15:29 LordAlfa: http://www.mypivots.com/forum/topic.asp?TOPIC_ID=3829
15:30 LordAlfa: For palmer
15:30 Margie: Koll say it again
15:30 Margie: Kool
15:31 Margie: Jack you still in?
15:32 Margie: good work
15:33 Vast524: You sure now Kool.
15:36 Margie: thks kool
15:36 Robin: thanks Kool... for everything!!!!
15:36 LordAlfa: Check you girl
15:36 LordAlfa: Thanks.
15:37 Margie: lol
15:37 LordAlfa: So you can buy your Mercedes
15:38 jt143: ob's buying everyone homes now
15:38 VO: selling 27ish
15:40 Margie: vo, a proj or fib line?
15:41 VO: s @ 27
15:43 VO: stop 29
15:43 jt143: 31.5 settlement
15:44 LordAlfa: MV Selling & Buying Volumne (14)?
15:45 Margie: thanks vo
15:46 LordAlfa: S30
15:51 palmer: what is the tick at ?
15:51 LordAlfa: 29.50 61.8% retracement to the tick
15:53 LordAlfa: stopped
16:01 LordAlfa: Going to bed. See you Friday. Bye.
16:03 Margie: Hey Jack are you still there?
16:03 Margie: Do you pay for those charts?
16:03 Haku: thank you everyone
16:03 Margie: I see the site has a 30 day free trial
16:06 Robin:
16:07 Robin:
16:11 Vast524: Just watch out for the grey haris though John
16:11 Vast524: hairs. Sorry
16:13 VO: s 1 @ 36.50...will hold the globex for 27ish
16:17 gila: judd greg withdrew
16:25 Margie: good night
16:28 johntrader: good night
16:29 Margie: vo what are you basing the 827 on?
16:58 miltk:
16:59 Robin: actually... miltk... posted it.. and my link came up
17:45 gila: http://online.wsj.com/mdc/public/page/2_3021-tradingdiary.html?mod=mdc_h_usshl
18:47 palmer: anyone shorting this overnight
18:47 palmer: ?
00:28 Margie: palmer are you short? I am playing with the 15 deadly and just not sure
00:30 palmer: what is the 15 deadly now?
00:31 Margie: I get 939.5 but the second candle is so big it could go into the 40's
00:31 Margie: or higher
00:31 palmer: well I just shorted 838.50
00:32 Margie: ok thx
00:32 palmer: u up late?
00:33 Margie: pacific time 9:30
00:33 palmer: california?
00:33 Margie: nevada
00:34 palmer: just thinking we could pullback to 834
00:35 palmer: well off to bed
00:35 palmer: talk to u tomorrow
00:37 Margie: good night see you tiomorrow
Friday Feb. 13th

06:55 Margie: Good morning Kool
08:35 johntrader: good morning everyone
08:36 Margie: GM
08:48 johntrader: gm again, I hate it when my computer shuts me down to installl updates
08:51 PashaLV: Good morning traders !
08:59 prestwickdrive: from a volume @ price standpoint it is thin down to the 821-822 area. uva is 23.5. yesterday's singles include 05.5-07.0, 25.25-31 and 34-36.75.
09:12 parson: GM
09:13 jt143: gm
09:24 VO: flat @ 30...sold 36.50 at end of session yest. was looking for a little lower and just missed
09:25 johntrader: L 1 29.5
09:27 VO: bullish pattern setup here
09:27 johntrader: stopped 30
09:29 VO: prolly wont be buying until we find the 27 level at minimum
09:32 Margie: yes
09:46 akola: 227509
09:47 parson: s1 @ 828.25
09:49 parson: flat @ 828.0 whew!
09:51 Margie: I have a bigger lo at 10:10
09:51 Margie: bigger meaning not mini
09:53 Robin: http://charts.dacharts.com/2009-02-13/Robin187 3-2184.png
09:54 Robin: http://charts.dacharts.com/2009-02-13/Robin187 3-2186.png
09:54 Margie: I can't get the charts Robin
09:56 Robin: I know margie... .. i'm going to have to call Ensign and find out the problem
09:56 Robin: http://charts.dacharts.com/2009-02-13/Robin187 3-2187.png
09:56 Margie: no hassle just wanted to let you know
09:56 Robin: thanks :)
09:58 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2188.png
09:58 Robin: yeah!!!
09:58 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2189.png
09:59 Robin: wanted to show a possiblee buy setup... after the fact now :):)
09:59 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2190.png
10:00 Robin: first chart for 233 tick didn't show the complete pattern drawn so re posted it...
10:06 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2191.png
10:09 Margie: I want a retrace!
10:10 karen: mine also
10:10 karen: no tail on the red candle
10:10 Robin: i'm finding that my data feed isn't good... I use IB
10:11 Robin: i'll have to try and do something about this....
10:11 Margie: Maybe this is the lo coming in now?
10:12 Robin: i'll research those suggestions this weekend...
10:12 Robin: thanks...
10:15 VO: s @ 31.25
10:15 VO: 1 @ 29.75
10:16 VO: stop be
10:16 VO: flat 29
10:20 VO: L @ 29.75
10:21 VO: stop be
10:22 VO: 1st = 35, 2nd = 36.75
10:23 VO: 1 @ 33
10:25 prestwickdrive: don't we get a projection to 39.75 from the move off of 26 to 31.25 (unless 26 is hit)?
10:25 parson: 1 L @832.5
10:25 VO: stop 31.50
10:25 prestwickdrive: if it was already mentioned I missed it when I stepped away
10:26 prestwickdrive: ok ty
10:28 Margie: pwd, that is what I show for Kool proj
10:28 VO: stop 32
10:29 prestwickdrive: gap fill 35.5, singles fill and yest hod 36.75, glbx hi 40.5
10:30 myptofvu: 1, 5, 15 min all showing 39.75 area
10:30 VO: stop 32.50
10:32 VO: flat 35
10:33 parson: out @ 35.25
10:33 johntrader: flat 36, thanx vo
10:40 Margie: Vo what are you showing for the 15?
10:41 Margie: that;s what I had just wondering if I cut it off too soon
10:42 palmer: 845
10:42 palmer: over than we got 849.50
10:43 PT: CHART POSTED
10:43 palmer: last swing high that they sold up that area
10:48 johntrader: If I take the bottom at 9:55, and the 2nd at 10:17, does that project a top at 11:02?
10:50 palmer: I agree- that 840. is a sweet short
10:50 johntrader: bidding 34
10:50 palmer: thin one more swing to tha
10:53 johntrader: L 34.25
10:55 koolblue: trying to buy 833.75
10:56 prestwickdrive: hi kb
10:57 parson: L 1 @834.5
10:58 parson: correctio 834.25
10:58 palmer: I got that 845 off the 15 mibn
11:00 prestwickdrive: +50%ib=38.75, +100% = 43.0
11:00 VO: s @ 35
11:01 parson: Out @be823,25
11:02 VO: 1 @ 33.50
11:02 VO: stop be
11:03 VO: 1st 33
11:03 VO: 2nd 32
11:03 VO: 3rd 30.50
11:03 johntrader: stopped 33
11:05 VO: stop 34.75
11:09 LordAlfa: GM everyone. What did I miss? Let me see.
11:13 VO: flat 32
11:14 koolblue: long from 831.50...
11:15 prestwickdrive: 15 min downside to 28 I think off of 37.75-34 move
11:17 koolblue: could be Prest!, just noticed that myself!
11:20 LordAlfa: 30.75 is 161.8% ext. Ledge here.
11:21 VO: L @ 29.25
11:21 LordAlfa: 27 is the 261.8%
11:23 koolblue: 853-6 is the upside projection from yesterday!
11:24 koolblue: stopped at 829.00...loss of 2.5 ..looking to buy again around 828
11:25 prestwickdrive: ldva 28.25
11:27 LordAlfa: Trying to buy
11:27 johntrader: 1 @ 29
11:27 prestwickdrive: 28.75
11:27 PT: 29 also
11:27 LordAlfa: no fill
11:27 PT: 31 target
11:28 johntrader: now 2 @29
11:29 LordAlfa: L 29.75
11:31 palmer: nasdaq neg
11:31 VO: stop be
11:33 VO: flat
11:35 johntrader: out 1 31.5
11:35 PT: 1/2 31
11:35 johntrader: stop be
11:35 gila: forclosure moratorium from jpm
11:35 Ensign Paul: Dacharts web site may be up and down throughout the day for posting images, instead of using the ctrl J to post images you can use ctrl F12 this will post to the Ensign graphics server
11:36 koolblue: out at 831.50...plus 2.75 on each(2 es)..now up 2.5 on the day...yippeee!!!!
11:37 LordAlfa: Still long
11:38 PT: stop to 30
11:41 johntrader: out 31.5
11:41 PT: flat at 30
11:41 johntrader: nice call kool
11:42 LordAlfa: stopped
11:43 LordAlfa: Yep. 27 might be aimed for.
11:45 koolblue: long again 828.50
11:47 prestwickdrive: bonds taking it on the chin today
11:48 prestwickdrive: bonds down hard, equities down, gold down, oil down - money going to mm funds I guess
11:49 VO: L @ 26.75
11:50 Akola: hS pattern
11:51 prestwickdrive: singles fill at 25.25
11:51 karen: prestwick...do you have the developing va's?
11:52 johntrader: L 1 26.25
11:52 Akola: target 28.75 ... HS neckline
11:52 prestwickdrive: 28.25-34.5
11:52 karen: thks!
11:52 prestwickdrive: dva
11:52 prestwickdrive: yw :-)
11:53 koolblue: bought another at 826.50, avg on 2 longs is now 827.50...
11:54 LordAlfa: L26.50
11:56 johntrader: flat 28 + 1.75
11:56 VO: bidding 28.25 for 1
11:56 VO: stop be
11:57 LordAlfa: Stop moved 26
11:57 palmer: VAH=823.50
11:58 LordAlfa: Stoped BE +1
11:58 palmer: correct
11:59 VO: flat
12:00 LordAlfa: the downside ABC 333%=24.50 423.6%=20.75
12:00 LordAlfa: ledge at 26
12:04 gila: smh up
12:05 palmer: ib reak would goto 823.50
12:05 johntrader: L 1 26.5
12:09 johntrader: 26.25 stop
12:13 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2192.png
12:13 Robin: a possiblility?
12:13 palmer: I think 823.50
12:14 palmer: is hit
12:14 Robin: I see the vah is at the 23 level
12:15 PT: S 828.25
12:16 Robin: Kool... you asked...
12:17 LordAlfa: S28
12:17 Robin: lightest volume day of the year unless
you count January 2 asa trading day.....
today is the lightest vol. day of the year unless you count january 2 asa trading day
12:17 PT: target 24
12:17 PT: stop @b/e
12:19 johntrader: stopped be
12:19 LordAlfa: Same 24 her for 1st target
12:21 LordAlfa: Stop moved 28.50
12:23 johntrader: s 2 @26
12:26 johntrader: stopped, 27.25, s again 28
12:27 koolblue: sold another at 828..
12:27 koolblue: avg short 827.25
12:29 LordAlfa: stopped
12:31 VO: s @ 28.75
12:33 VO: bidding 27.50 for 1
12:33 VO: stop be
12:34 LordAlfa: S27.50
12:35 johntrader: L 1 27.25
12:35 LordAlfa: 29.50
12:36 palmer: I think we go little higher here
12:36 VO: flat
12:36 LordAlfa: stop
12:44 koolblue: covered one at 826.50 and the other at the same price
12:44 LordAlfa: S 27.50
12:46 LordAlfa: LOL. My hero
12:49 LordAlfa: LOL. 12 sec trader.
12:50 koolblue: short again(one only) from 826.50
12:54 LordAlfa: 1 off 23.75
12:54 palmer: told u
12:54 palmer: 823.50
12:54 palmer: I think 821 next
12:54 palmer: kool can I ask u a question on closing tick over 1000 analysis
12:55 koolblue: bingo!.. out at 823.75...plus 2.75 now up 6.5 on the day
12:55 palmer: we had 2 back to back days
12:55 palmer: +1000
12:56 palmer: I was goign to ask u which day would u use
12:57 palmer: ok within
12:57 palmer: u day
12:57 palmer: 2 day
12:57 palmer: I got you now
12:59 palmer: 5 min
12:59 palmer: yep wde diverg
13:09 prestwickdrive: crude rebounding, bonds still falling
13:18 koolblue: back...
13:20 palmer: definitely looking higher
13:36 koolblue: ill buy 826.75 or sell 831.75
13:48 johntrader: s 1 31.75, with you kool
13:49 VO: s @ 33.75
13:51 Vast524: can't get filled
13:52 Vast524: s @ 33.50
13:52 VO: YIKES
13:53 koolblue: stopped at 834.75..loss of 3 on 2!..now up .5 handles
13:53 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2193.png
13:53 Robin: Kool.. is this a correct projection... red bottom candle on 15?
13:53 Robin: 2.618 would be 835.37
13:58 Robin: red candle on the chart I posted...
13:58 Robin: at the bottom...
13:58 Robin: just trying to make certain i'm doing this correctly...
13:59 VO: 1 at 32.75
13:59 Robin: ok... I see it... thanks :)
14:01 Robin: ok... really trying to see how to use this as it's just amazing :)
14:01 Robin: at least when you do it :)
14:02 Robin: that works for me..
14:05 VO: stop be
14:06 VO: flat 31
14:09 Vast524: VO. The little ABC on the 610T. Was the big candle the one that would be the entry? Or could you enter at the close of the failed high?
14:10 VO: 33.50 close would be entry
14:11 VO: vast I sold the 261.8 number though and then the abc happened
14:11 Vast524: OK. I got in too early on it then. Still took it down. I went on the close of teh failed high. Realised that I had made a mistake. Got a bit worried. lol
14:12 Margie: vo would you just place your order at 33.50 even though the candle hadn't closed yet?
14:13 Margie: so in essence untradeable in the true abc term
14:13 Robin: what time frame? 610 tick?
14:13 Margie: yes
14:14 Margie: but our candles did not cooperate
14:15 Margie: so it doesn'r have to close below the candle?
14:18 Robin: if you have 1 or two inside candles next to the higher close handle... you ignore those... right? and waiat for the higher high close?
14:19 Robin: with misspellings and all :)
14:19 jt143: final stimulus vote ends in 2 mins, right now its passing fwiw
14:19 Robin: ok...
14:20 jt143: just heard they have enough votes fwiw
14:21 prestwickdrive: house only - not much suspense there
14:24 palmer: I keep on gettin 827
14:26 koolblue: short one at 832.50
14:30 koolblue: covered at b.e.
14:35 PT: short 830.50
14:41 PT: stop hit, flat -2
14:44 Robin: well everyone.... have a 3:00 apt., thanks for a great week! Have a wonderful weekend and see you all on Monday morning :)
14:44 Robin: bye...
14:46 koolblue: have a great week end
14:46 Margie: nye Robin
14:46 Margie: bye
14:47 PT: have a great weekend Robin
14:47 PT: market is closed Monday
14:47 PT: see you Tuesday :)
14:52 gila: futures open until 1130 est mon
14:54 jt143: larry sumners news
14:55 jt143: summers
14:57 koolblue: sold 832.50, covered one at 831.50,now up 1.5 on the day...stop at 833.50
14:57 jt143: summers, we have a strong underlying economy, lol
14:58 koolblue: out at 830.50 on the other half...plus 2 now up a whoppin 3.5 on the day
15:00 palmer: yep momo is not there
15:00 palmer: trend about to change
15:04 VO: L @ 31.75
15:05 VO: stop 29.50
15:13 palmer: look bearish
15:16 prestwickdrive: singles 22.75-23
15:17 Vast524: IB low is 826
15:21 Vast524: Is this a buy setting up n the 610T VO Need a close above 26.50
15:21 Vast524: Not enough room for profit
15:27 koolblue: short from 827.00...praying for lower
15:29 VO: stop be
15:31 VO: 1 @ 30.75
15:31 koolblue: stopped at 830.00 loss of 3..now down 4 on the day
15:33 VO: stop 29.50
15:33 johntrader: s 1 32
15:35 johntrader: out 30.5
15:37 Vast524: Theis makes a better ABC for a buy VO maybe
15:38 koolblue: long 2@ 829.00... quick scalp..
15:39 Vast524: l 1 @ 30.25
15:39 VO: L @ 30
15:39 VO: stop 28
15:40 Vast524: stop at 28
15:42 Vast524: 835.5 would be confirmation? (100%)
15:42 VO: BUT THIS PIG!!!
15:42 VO: BUY
15:43 koolblue: out both at 831.50..plus 2.5 on each... now up 1 handle on the day!
15:44 Margie: buy this pig
15:44 Margie: !!!
15:47 Margie: buy it now!!
15:47 Margie: 35 would be lovely
15:48 VO: flat
15:52 JackS65: Everyone have a great weekend.
15:52 Margie: If you don't want it I'll take it :)
15:55 Margie: fib bands all sideways'
15:56 Margie: open to 11:30
15:56 gila: until 1130 est
15:56 Margie: from regular time on sunday
15:57 Margie: I read 10:30 but I think it was central time
15:57 Margie: thanks everyone
15:57 Vast524: I'm up for th eday. Yea Hah
16:04 Vast524: Thanks Kool
16:04 Margie: Kool enjoy your weekend
16:04 prestwickdrive: bye
16:04 Vast524: It is interesting
16:10 prestwickdrive: bigs swung from +7k 3 min before equity close to -23k now
16:17 johntrader: good night guys, see you tues
Tues, Feb. 17th

06:15 koolblue: short from 805.50, looking for 802 area
06:26 koolblue: covered at breakeven...watching
06:33 koolblue: 1 min projection is 802.25 unless 806.75 is touched again... numbers to watch for on the downside today are... 798.50, 788-89, 783-783.50, 775-776
06:34 koolblue: on the upside keep an eyeout for 829
06:46 Vast524: good trade Kool
07:07 koolblue: ill sell 813.75 and ill buy 798.75
07:07 koolblue: correction...803.75
07:18 koolblue: short from 803.75
07:28 koolblue: ill cover both at 801.75...
07:40 Margie: I proj 799 off the 1 min, what are you getting Kool?
07:54 Margie: gm Robin
07:54 Robin: good morning Margie :)
07:54 Robin: Morning everyone..
07:56 koolblue: 799.50
07:56 Margie: thks Kool
07:57 PT: gm Margie & Robin
07:58 koolblue: I min chart ...at 7:43... high 805.50 low 4 min later at 802.75 projects 798.50 which ive gotten from several charts and timeframes the last 2 or 3 days
07:58 Margie: GM PT!
07:59 PT: Margie I got stopped out of that overnight trade
07:59 PashaLV: gm friends !
07:59 PT: gm Pasha
07:59 Margie: I just tried an abc to the bottom off the 2485 but got stopped out at 805, just watching now
08:00 PT: ok
08:00 PT: I am long 803.5 on this abc
08:01 PT: also have a standing order to buy 800.25
08:01 koolblue: 15 min chart at 4:15am ...high 818.75, low at 5:30 am at 814.00, multiplied by 4.236 instead of 2.618 and look what it projects!...798.50
08:02 koolblue: etc, etc, etc...
08:02 PT: stop is 802 on the abc long
08:04 PT: just put an order to buy 798.50
08:04 PT: moved stop to 803.75
08:08 PT: stop moved to 804.5
08:12 LordAlfa: GM
08:12 Bary: gm
08:12 Robin: morning Kool :)
08:13 Margie: good morning Kool
08:17 PT: stop hit 4.50
08:18 PT: bbiab
08:20 karen: Empire State Manufacturing number out at 8:30, just fwiw
08:21 palmer: 7th wave up?
08:21 palmer: so you expect some toppiness
08:22 Margie: thks KAREN
08:22 koolblue: yes around possibly arounfd this807-809 level9
08:23 johntrader: gm everyone
08:25 LordAlfa: Hi John
08:33 johntrader: how are you LA?
08:33 koolblue: man, still short from 803.75, stop at 807.00.... came within 2 ticks of getting killed!
08:33 LordAlfa: S 02.75
08:34 koolblue: covered both as posted at 801.75... plus 2 on each, up 4 on the day
08:35 koolblue: buying 798.50-75
08:35 palmer: sweet kool
08:35 LordAlfa: Out 99.50
08:35 palmer: I am +4 too
08:35 koolblue: as previously posted
08:35 Margie: way to get 'em Kool, good job
08:35 LordAlfa: Nett 1.75
08:35 palmer: 805 to 801 cover
08:36 koolblue: actually a lousy trade...got lucky. intended to lower my stop but never got the chance
08:36 VO: gonna have a hell of a cash gap
08:37 palmer: didn't we have 788
08:37 palmer: yep didn't we hae tha 788 a couple days ago
08:38 prestwickdrive: glbx dva 02.0-07.75, dpoc 06.5
08:39 prestwickdrive: over last 20 min bigs -6600, smalls +1500
08:40 Margie: I did not, I am waiting for the abc off it, I have been getting killed lately so I have to stay disciplined
08:41 prestwickdrive: 1st test of ldva failed
08:44 prestwickdrive: 2nd teat of ldva faiked too
08:44 prestwickdrive: test
08:50 VO: L @ 800.50
08:53 LordAlfa: S 800.25
08:58 LordAlfa: stop 01.25
08:59 LordAlfa: 2 off. 797.75 and 796
08:59 VO: stopped 98.
08:59 LordAlfa: 1 left
09:00 LordAlfa: flat. 793
09:00 palmer: I am buying 789
09:00 palmer: 790
09:00 LordAlfa: +16 for the day.
09:01 LordAlfa: That was fast! The first 2 fibs 100% and 161.8% was blink
09:03 VO: gonna shower...standing order to buy @ 89
09:07 koolblue: exited 795.75...plus 1.75 on 2 es...now up 7.5 on the day
09:14 prestwickdrive: pit session singles 770-787.5 should be huge. 785 sq 9 too
09:28 koolblue: IM SELLING 797.50...
09:28 koolblue: Chart posted
09:32 koolblue: short from 797.50,3.25 stop
09:35 johntrader: s 1 99.5
09:36 johntrader: stop 1.25
09:37 LordAlfa: S 800
09:38 johntrader: stopped
09:40 palmer: dont think we get there
09:40 LordAlfa: Stoped 802. Reentered S 799.75
09:41 koolblue: stopped at 800.75, loss of 3.25 on 2 es! now up 1 handle on the day
09:42 LordAlfa: Actually stopped 801. Ran a tight stop of 1 pt.
09:44 LordAlfa: flat 797.75
09:47 VO: S @ 97.25
09:47 LordAlfa: S 97.25
09:47 palmer: would love us to bounce here
09:47 VO: stop 99.25
09:47 palmer: to get short
09:49 LordAlfa: stoped 98.25
09:49 LordAlfa: S 96.75
09:49 VO: 92.75, 91, 89
09:49 koolblue: short one from 796.00 on a chase
09:50 VO: stop be
09:50 LordAlfa: 90.50, 87.50
09:51 VO: 1 @ 92.75
09:51 PT: Long 793.25
09:51 LordAlfa: stop be +1
09:52 PT: stopped - 2
09:52 VO: stop 93.25
09:52 LordAlfa: VO., I am using the BIG ABC. 806.50, 792.50, 801.50
09:52 VO: next up 89
09:52 LordAlfa: 1 off 90.50
09:53 LordAlfa: next 87.50
09:53 koolblue: out at 791.25 ..plus 4.75 on only one es... plus 5.75 on the day...
09:53 VO: stop 91.50
09:53 LordAlfa: 87.50 out. 1 more
09:53 LordAlfa: stop 790.50
09:55 LordAlfa: Lucky me. 1 tick of the stop and coming down.
09:55 LordAlfa: I'll take that back. Bastards listen to me.
09:55 LordAlfa: flat 790.50
09:56 LordAlfa: +31.25 for the day.
09:57 Bary: way to go LA
09:57 prestwickdrive: great LA!
09:57 johntrader: good job LA
09:58 LordAlfa: Thanks. My rules is to stop now else I give them back. I am switching to simulated.
09:58 VO: should have another wave down
09:59 LordAlfa: Yep I think so too. I have to temper that greed demon.
09:59 myptofvu: VO was 787 a Gartley?
09:59 VO: flat
10:00 VO: butterfly
10:00 koolblue: CHART POSTED
10:02 koolblue: SHORT O0NE AT 792.75
10:02 LordAlfa: S 792, 1 on simulated
10:04 LordAlfa: Stoopid me! should have sold onthe average
10:05 LordAlfa: BE+1
10:05 palmer: looks like it want 795
10:07 LordAlfa: Hammer at 0955
10:12 VO: s 1 @ 94.50
10:13 palmer: nic eone VO -
10:13 palmer: I was goign to take 95
10:13 LordAlfa: S 93.50
10:14 VO: should see 92
10:15 koolblue: AGREED ..91-92
10:15 VO: yeah 92 minimum = 38.2
10:16 LordAlfa: stopped
10:17 koolblue: stopped at 795.75, loss of 3 ... now up 2.75 on the day...watching
10:17 palmer: ye I got 91.50
10:18 VO: top be
10:20 VO: flat 92
10:22 VO: will more than likely sell retrace
10:24 koolblue: l one at 790.75..stop at 787.75
10:24 Margie: I get proj to 788.5
10:25 PT: Long 790.50
10:26 palmer: u looking for 94.75
10:26 LordAlfa: L 92.25
10:32 LordAlfa: 799.25
10:32 palmer: 799.25
10:33 palmer: yep got that
10:33 LordAlfa: way to go palmer
10:33 PT: stop 790.00
10:35 LordAlfa: stop 92.50
10:35 palmer: I was just saying
10:35 palmer: 800 we could just try for highs
10:35 palmer: 802.50 area
10:35 palmer: and fail there
10:36 prestwickdrive: ldva 94.25
10:37 koolblue: exited 795.00...plus 4.25 for a nice scalp...up 7 on the day
10:37 VO: L 1 @ 94.50
10:38 LordAlfa: Sell signal on the 5 min MACDHist
10:39 LordAlfa: Sorry buy signal
10:40 PashaLV: s1@93.75
10:40 VO: stop 93
10:40 LordAlfa: I think I am gonna get stopped
10:40 LordAlfa: Stopped. Damned Bastards!
10:41 prestwickdrive: 879.5 = -50%ib
10:41 LordAlfa: Be +1
10:42 prestwickdrive: oops sb 779.5 above
10:43 PashaLV: target 789
10:47 PashaLV: out@ be
10:53 LordAlfa: It was trying to break 91.50 3x It can't go past 95.75 either.
10:55 LordAlfa: There it goes. palmer are you still in?
10:55 PT: stop 793.00
10:55 palmer: nope
10:55 palmer: I am flat here
10:55 palmer: feel like 802.5 coming
10:56 LordAlfa: Way to go PT. 99.25
10:56 Margie: 799 would be the abc
10:56 LordAlfa: I wished I wouldn't move to BE+1
11:02 palmer: that little cycle hi working
11:04 LordAlfa: pt your stop was great. 1 tick short
11:05 johntrader: L 1 @ 94
11:07 prestwickdrive: pit session dva 90.5-97.5
11:07 prestwickdrive: dpoc 94 for pit session
11:07 karen: thks prestwick
11:09 johntrader: OUT BE
11:10 PT: stop hit
11:21 koolblue: order to buy one at 793.00, and to sell one at 798.75
11:30 PashaLV: s1@794.5
11:33 VO: S 1 @ 93
11:33 prestwickdrive: bigs -56k for pit session - lod
11:34 parson: S 93
11:38 PT: bbiab
11:44 johntrader: offering 94
11:50 parson: out @791.75
11:55 PashaLV: out@90.25 +4.25 this trade
11:55 VO: flat 89.75
11:56 VO: 161.8 = 88.25
12:02 Margie: I am out now Kool, just went short though when it was going down
12:02 Margie: ;)
12:02 Margie: Bank of Ireland next
12:02 LordAlfa: Trying to sell. Looking for opportunity.
12:03 koolblue: covering!
12:03 Margie: good one Kool
12:03 LordAlfa: selling 92.50
12:04 koolblue: out at 792.50...plus 2.5 on one es...now up 9.5
12:05 Margie: You got rewarded for being bad, they kick the crap out of me when I try that!
12:05 Margie: no you traded your cycle lo
12:05 Margie: which worked out well
12:05 johntrader: s 1 92.5
12:10 johntrader: out 1.75
12:13 LordAlfa: flat 90.50
12:17 prestwickdrive: 89.5 is ldva now
12:19 PashaLV: L 1@791
12:22 LordAlfa: Thanks. Kool.
12:23 VO: L 1 @ 91
12:24 VO: stop 89.50
12:24 VO: 89.25...sorry
12:24 icepick: kool - the other day Lord alfa posted a chart, asking if price projection was correct - you replied that the 2.61 would have been better - could you explain - I didn't read anything in your tools about 2.61
12:25 VO: stopped
12:25 LordAlfa: high - low = 2
12:25 PashaLV: stopped..
12:25 LordAlfa: x 2.618
12:26 icepick: oh- ok got it - thanks!
12:26 LordAlfa: high - 2x 2.618 or low - 2x 1.618
12:27 LordAlfa: 2 is the high to low difference it is a variable. 1.618 or 2.618 or constants
12:27 LordAlfa: are constants
12:28 icepick: what i've been doing is use the fib extension x 1.618 - so didnt understand that, but now I do
12:29 LordAlfa: icepick. You can use on the all the time interval charts.
12:29 LordAlfa: Time projections, that I am trying to master
12:29 icepick: thks LA
12:29 LordAlfa: So far. Give me time to study it.
12:30 LordAlfa: Arrrghhhh! That is why it is off?
12:41 LordAlfa: OK. I'll get these in my head and practice.
12:41 LordAlfa: Yes. I have seen it happen.
12:43 LordAlfa: Yes everyone has their own style.
12:44 koolblue: it gives you 798.50
12:45 karen: just heads up....1:00 is the Housing Market Index number...will likely be a market mover
12:46 karen: yw
12:54 gila: 220 2896 adv decl 459 2199 advq declq vix 49.82
12:57 prestwickdrive: in addn to nahb # at top of hr there are also 3 and 6 mo treasury auctions and the start of the fed's Bullard speech
13:06 VO: short 1 @ 90.75
13:07 VO: risky
13:08 prestwickdrive: bullard is ringing the deflation bell ikn his speech
13:08 Ensign Howard: FXCM feed is back up... problem was with servers at FXCM
13:15 VO: stop be
13:15 PashaLV: good entry, VO !
13:16 VO: flat
13:17 koolblue: CHART POSTED
13:17 Margie: Kool, you are cracking me up!
13:19 PashaLV: L@90.50
13:19 koolblue: SHORT ONE AT 791.00
13:19 Margie: I know, that little guy is too cute
13:20 palmer: so a low in 3 -4 days
13:20 LordAlfa: Yogi is on the prowl
13:21 LordAlfa: Well it is 0215 here. Going sleep. See you tomorrow.
13:22 LordAlfa: I check globex when I wake up.
13:22 palmer: man one of those days seem hard to get those points
13:23 PashaLV: stopped -2
13:23 koolblue: exited 789.25...plus 1.75there...and now up 11.25 on the day
13:23 palmer: + 10 point shere- but seem so hard
13:33 koolblue: selling 790.50
13:37 koolblue: short one at 790.50
13:41 palmer: nope
13:41 palmer: u not
13:41 palmer: :)
13:46 koolblue: stopped at 792.75..loss of 2.25...now up 9 handles
13:48 koolblue: selling again...793.00
13:52 koolblue: stopped at 795.00 for a loss of 2... now up 7
13:56 koolblue: long at 791.50
14:00 Vast524: ABC long setting up on the 610T chart
14:02 Vast524: Buy this pig
14:08 palmer: 796. I am shorting
14:08 palmer: nope 798
14:08 Vast524: l @ 91.75
14:09 VO: BUY THIS PIG!!
14:11 karen: prestwick...do you have the dev va's?
14:12 palmer: yep
14:12 prestwickdrive: 89-95.25, dpoc 93
14:12 palmer: agree 804
14:13 karen: thks prestwick!
14:13 prestwickdrive: yw :-)
14:14 VO: 1 @ 93.25
14:16 Vast524: Are you short now VO? I am flat
14:17 VO: long vast
14:17 Vast524: OK. So you added. Thanks
14:17 Vast524: I bailed
14:18 Vast524: So it will go up now
14:18 palmer: still got 3:00 for a peak???
14:18 VO: I didnt add
14:18 prestwickdrive: obama housing speech shortly
14:19 karen: he signing it at 2:40 today]
14:19 Margie: soon
14:19 prestwickdrive: y
14:20 VO: stop be
14:21 VO: flat 93.50
14:22 VO: s @ 93.50
14:26 palmer: diver up here
14:26 VO: 1 @ 92.50
14:27 PashaLV: s@92.50
14:28 koolblue: still long one at 791.50, stop at b.e.
14:29 VO: flat 92.25
14:29 Margie: good job
14:30 palmer: divergence was up there
14:32 koolblue: buying 790.50
14:35 PT: Long 793.00
14:35 PashaLV: stop be
14:37 PT: stop 791.25
14:38 PT: stop 792.5
14:39 PT: 792.25
14:39 PT: stop 793.5
14:43 koolblue: long at 794.00
14:44 PT: flat 793.5
14:46 einstein: good luck kool, could u explain why you went long?
14:47 einstein: based on 1 min projection?
14:48 einstein: 1440
14:48 einstein: thanks
14:49 Margie: jack where is it saying 4 ends
14:50 Margie: thks Jack
14:55 Vast524: l @793.75
14:56 Vast524: stopped
14:58 VO: s @ 91.25
14:58 palmer: we not moving up into that 3:00 peak
14:58 palmer: bad sign
15:03 icepick: guaranteed $13.00 per week
15:11 Margie: Obama is talking
15:11 palmer: 3:48-50 area low?
15:16 Vast524: Bye Kool. Thanks
15:16 palmer: stay cool KOOL
15:17 Margie: bye kool
15:17 einstein: thanks kool
15:22 PashaLV: s @92.25
15:22 VO: 1 @ 90
15:30 VO: YEAH BABY...DIE!
15:30 PashaLV: target@ 782
15:30 prestwickdrive: that bill is stimulating the market
15:30 Margie: up, down, all over the place
15:33 VO: flat 92.25
15:33 PashaLV: out@ be
15:40 PT: Short 797.25
15:42 VO: s @ 96.50
15:44 VO: bidding 94.50 for 1
15:45 VO: stop be
15:45 PT: Flat 794.25
15:45 Margie: ggod job PT
15:46 parson: Flat 794.25
15:46 VO: stop 93.50
15:46 VO: flat
15:51 parson: S95
15:52 parson: covered @793.25
15:57 parson: S 1@791,25
15:57 parson: crvd @789.5
15:59 prestwickdrive: maybe they will break ib now
16:00 prestwickdrive: bigs -73k
16:00 Vast524: 86.75 is that the IB low PWD?
16:01 prestwickdrive: yes
16:01 prestwickdrive: 86.75-01.5
16:02 prestwickdrive: bigs -84k
16:02 prestwickdrive: -89k
16:05 prestwickdrive: -92k
16:06 prestwickdrive: they broke the ib a little
16:08 prestwickdrive: SPX -4.56% today
16:13 Bary: great day everyone thanks to all see ya tomorrow
16:13 Margie: Have a good night
16:16 prestwickdrive: 79.5 = -50%ib lol
16:23 Margie: lol
16:23 Margie: at least twice every lifetime
16:24 Margie: 7552.6
16:24 icepick: 7552.60
16:26 Margie: PT see ya later
Thurs., Feb. 19th

07:48 Robin: Morning everyone...
07:52 Margie: Good Morning
08:37 johntrader: gm everyone
08:37 prestwickdrive: fwiw, glbx dva 81.25-90.25, dpoc 88.25
08:38 Margie: HI John
08:38 johntrader: Hi Margie
08:56 LordAlfa: GM
08:56 Robin: LA.... very sorry to hear about your friends passing.... my thoughts and prayers are with u and his family....
08:57 LordAlfa: It is ok. I am concerned with his Mom. Her only son.
08:57 LordAlfa: The dead get baried, the living carries on.
08:57 Robin: understand...
08:57 LordAlfa: Let's see what we have today.
09:01 LordAlfa: Nice ABC on the 610T from the beginning of the day.
09:01 LordAlfa: 161.8% ext is 795.75
09:02 LordAlfa: We might see a repeat of yesterday when it hits 796 and back down.
09:02 LordAlfa: Let me see my projections on the 5 min and 15 min for confirmation
09:11 LordAlfa: I have 2 numbers. 796 and 800 both on the 5 min. We should have a cycle peak on the current 5 min
09:12 LordAlfa: If 800, the 205.8% ext is 799
09:13 LordAlfa: 0830 jobless claims as expected will plunge it.
09:13 prestwickdrive: bigs +9700 since an initial -1000 after jobs and inflation #s
09:15 LordAlfa: 161.8% hit. watching.
09:17 LordAlfa: This ABC at the beginning of the day made an exact 61.8% retrace 81.25, 88.75, 84.00
09:21 LordAlfa: 15 min single bar at 0800 yielded 799
09:21 LordAlfa: Currently the retrace is shallow, she want higher
09:22 LordAlfa: 15 min shows we should hit the peak in this current 15 min interval
09:24 PashaLV: morning, friends!
09:24 PashaLV: s 795
09:26 VO: will be looking to sell this morning
09:26 Vast524: I am ready for the free handles VO.
09:27 prestwickdrive: options expiration tomorrow
09:27 VO: then to buy after dip
09:27 prestwickdrive: vast - did flooding affect your area?
09:27 Bary: gm all
09:28 prestwickdrive: ok ty
09:28 prestwickdrive: looked bad
09:30 Vast524: Some areas have been stranded for 6 weeks. And another 6 weeks till they get full access again. Been very wet, The locals have been complaining that the response has been similar to that of Katrina. Very slow and pathetic. No fresh food, milk...
09:31 VO: watch the retrace
09:33 PashaLV: Morning, VO
09:34 PashaLV: Yes )))
09:35 prestwickdrive: lei & philly fed at top of hour
09:37 PashaLV: my target 791.25
09:37 LordAlfa: S93.75
09:37 VO: s @ 93.50
09:38 VO: stop 95.50
09:41 VO: stopped
09:41 LordAlfa: stopped.
09:42 LordAlfa: Standing order to sell 799
09:43 LordAlfa: I'll look for the crossover to the downside
09:44 VO: selling a close under 94.75
09:45 PDQ: We have a Grail Sale on the 60 minute time frame now.....Objective is a re-test of the lows at 776.50.....
09:46 PashaLV: stopped myselfe @be 975
09:46 johntrader: s 1 @95.75
09:47 palmer: staying out here too
09:49 VO: short @ 94.25
09:49 LordAlfa: S 94
09:50 LordAlfa: stop 96.50
09:55 PashaLV: sell order@ 795
09:56 PashaLV: filled
10:00 VO: add 95..
10:00 VO: avg94.75
10:00 koolblue: short 795.00
10:00 Vast524: TY PWD
10:00 Vast524: GM Kool
10:00 PashaLV: target @91.5
10:01 Robin: GM Kool
10:01 LordAlfa: Add 95
10:02 icepick: gm kool
10:02 palmer: they fighting
10:02 prestwickdrive: bigs now -4600. had been +6k ahead of #s
10:03 PashaLV: GM kool
10:03 johntrader: bailed at 95
10:03 LordAlfa: I don't like it now. very indecisive.
10:04 Vast524: Scalped back twice to the avg.
10:05 koolblue: looking for 790.25
10:05 LordAlfa: waiting for the 5 min macdhist to turn red
10:05 LordAlfa: that will give me relief
10:10 LordAlfa: This action is making me sweat
10:11 palmer: that 5 min histogramn goign red
10:12 koolblue: out one at 793.25...plus 1.75...holding the other
10:12 LordAlfa: not onm y chart yet
10:12 LordAlfa: MACD line is pointing downside.
10:13 LordAlfa: Oh come on!!!
10:13 LordAlfa: So undecided, I am tempted to do a turtle.
10:15 VO: wtf
10:15 palmer: goign to break here
10:16 LordAlfa: Turtle? Put a long in as well with a 2 pt stop. If it goes either way, I lose 2 pts and gain the other sides load.
10:16 VO: 1 @ 93.75
10:17 VO: 1 @ 93
10:18 VO: bidding 91.50 for 1
10:18 LordAlfa: 1 of 92.50
10:18 LordAlfa: 1 off 91.50
10:18 VO: stop 93.75
10:18 prestwickdrive: bigs -13k now
10:18 PashaLV: flat @91.50
10:18 palmer: cover+4
10:18 LordAlfa: stop 94.50
10:19 johntrader: out 91
10:19 koolblue: out at 791.25...plus 3.75 on that one
10:19 LordAlfa: 1 off 90.25
10:19 VO: flat 90.50
10:19 palmer: that 5min helped
10:19 koolblue: up 5.5 on the day
10:20 LordAlfa: stop 92.50
10:22 palmer: 790.25 is VAH
10:22 akola: H$S pattern on 1 min
10:22 palmer: POC is 785.75
10:23 prestwickdrive: 86.5=50% of yest range
10:26 palmer: covering YM +65
10:26 LordAlfa: 1 off 88.75 1 more free fall
10:26 VO: L 1 @ 89
10:28 VO: flat 90
10:31 Vast524: Not much range n teh IB today PWD
10:33 prestwickdrive: nope: 88.5-96.75
10:34 prestwickdrive: uva 90.25 and no whatever % rule yet. we did fulfill yest unfulfilled @ 95.5 though
10:34 Vast524: Does that mean anything though with the range so small? Not much volatility... Just wondering
10:35 palmer: 786.25 target it seems
10:36 prestwickdrive: usually implies consolidation but anything can happen in this market esp with options expiration tomorrow
10:36 VO: POC = 85.75
10:38 prestwickdrive: bigs -17k now
10:40 Vast524: Thanks PWD. Seems like your idea and PT's is slightly different. Will know in 5hrs I guess. Thanks
10:53 johntrader: s 1 88.75 for scalp
10:53 prestwickdrive: bigs -23k
10:55 LordAlfa: stop 91.50
10:57 VO: L @ 88.75
10:57 VO: stop 87
10:59 Vast524: They're sniffing you out VO. Buy this pig
11:00 johntrader: out 87.75 + 1
11:00 karen: prestwick...sorry I just closed my pm by mistake
11:01 karen: could you resend by chance?
11:01 karen: oops sorry, found it
11:01 prestwickdrive: sorry lost it
11:01 VO: stopped
11:01 LordAlfa: delays in the hedging from the petrol companies
11:01 icepick: same here out west 2.25
11:01 prestwickdrive: bigs -28k
11:02 prestwickdrive: whatever % rule triggered to 82.25
11:02 koolblue: long 2@786.50,,, covering one at 788.00...plus 1.5 there...up 7 now
11:05 LordAlfa: flat 91.50
11:05 LordAlfa: +11.25
11:06 Robin: I missed that entry :(:(
11:06 Robin: great trading kool and la
11:06 VO: s 1 @ 92
11:06 koolblue: out at 791.50...5 handles! yippeee!!!!...now up 12 on the day
11:07 palmer: +8 on day
11:16 LordAlfa: L91.50
11:17 LordAlfa: I was short with 1 contract
11:21 VO: flat 90.75
11:23 johntrader: L 1 @89.25
11:23 LordAlfa: stopped
11:24 koolblue: l one at 789.00
11:27 LordAlfa: L 89.25
11:33 LordAlfa: stopped
11:40 johntrader: L 1@88.5, I must be a gluten for punishment
11:42 prestwickdrive: bigs -30450
11:42 prestwickdrive: 84.5= -50% ib extension
11:43 prestwickdrive: 785= sq 9
11:43 johntrader: stopped
11:44 VO: TIMBER!
11:44 prestwickdrive: -36k
11:46 Robin: i've got a abcd 100% completion at 783.75
11:48 Vast524: When do the big boys go to lunch
11:49 icepick: in about 40 min
11:50 Vast524: ty
11:54 prestwickdrive: 85.75 = yest poc, 85= sq 9, 84.5= -50%ib, 82.25 fulfills 80%, 80.25= -100% ib
11:56 prestwickdrive: dva today = 86.5-93.25, dpoc 90.0
11:56 johntrader: S 1@85.5
11:58 Robin: yep... thinking what about val at 82.25
11:59 johntrader: out 83.5
12:04 VO: L @ 81.75
12:07 Robin: 50
12:09 VO: 1 @ 82.75
12:09 Vast524: Well of to sleep for a few hours. See you in a couple.
12:10 Margie: vast, nice sleepy, sleepy
12:10 VO: flat 83.25
12:15 johntrader: this looks like 7th wave down to me
12:16 Robin: PT... do you show a cycle low coming up on the 5 mn chart? approx. 12:25
12:17 Robin: I see it...
12:17 Robin: thanks...
12:20 johntrader: L 1@82.25
12:21 Robin: well... we hit the 1.272 ext of it....and bounced....
12:21 Robin: with div.
12:33 VO: L 1 @ 82.50
12:35 JackS65: In wave 3 to downside up move is wave 4.
12:36 VO: stop 81.25
12:36 JackS65: wave 4 1st target 783 2nd wave 4 tyarghet 786
12:38 VO: flat 83.50
12:39 koolblue: out at 783.75 from my buy of one es at 781.75
12:40 johntrader: stop 81.25
12:40 prestwickdrive: singles 84.5-86.5 and tail from 80.25-81.5
12:40 koolblue: plus 2 there now up 13!!!
12:42 johntrader: this thing like pulling teeth
12:44 Margie: Hello, Kool
12:45 Margie: I'm minus 1
12:45 Margie: but I'll end up ahead
12:45 Margie: (i hope)
12:46 Margie: kool, i'll vote for you
12:47 johntrader: taking too long, out 83.5
12:47 johntrader: lunch time
12:49 VO: s @ 83.50
12:57 icepick: kool - could you explain why for instance on this particular 1min proj of 85.25 ur not looking to short - what else r u looking at - what do u see that overrides that - thanks
13:00 icepick: ok- thanks for info!
13:00 icepick: ur water - I am sponge
13:15 prestwickdrive: 100 ema on 30 min
13:17 prestwickdrive: -33k
13:29 johntrader: s 1@89.5
13:29 koolblue: short one from 789.25
13:36 koolblue: out at 787.25(wimp?) plus 2 ,now up 15
13:37 Margie: Goo djob Kool
13:37 parson: good trade Kool!
13:37 Margie: that was greek for good job
13:38 Margie: I know Kool
13:38 Margie: straight a student and b in typing
13:38 Margie: the teacher felt sorry for me
13:38 Margie: ruining my 4.0
13:39 Margie: Dr. Kool
13:40 Margie: experimenting damaged you
13:40 Margie: not
13:40 icepick: i'm running low on percocet -
13:40 Margie: I picture you with long hair and a tye dye t-shirt, jk
13:42 Margie: thanks Jack
13:42 johntrader: stop 88.5
13:46 Margie: pdq, see ya later
13:47 prestwickdrive: mac saying botton 2/25-27
13:51 johntrader: out 86.5 + 3
13:51 jt143: google it :)
13:56 prestwickdrive: bigs -42k now
13:58 parson: out @ 83.75 from buy of ! @ 85.5
13:59 parson: short
14:03 Margie: never
14:10 koolblue: CHART POSTED
14:10 johntrader: S 1@86.75
14:12 jt143: there's a site that gives daily and 2 hr forcasts, I don't reem it but it was interesting
14:12 jt143: someone here has prob seen it
14:13 johntrader: covered 85
14:14 VO: s @ 84.75
14:17 koolblue: TRYING TO SELL ONE AT 785.25
14:17 Margie: vo, buy some back and let us in
14:18 VO: stop be
14:18 VO: 1 @ 82.25
14:20 VO: stop 84.25...confirm candle
14:22 prestwickdrive: how high would that cycle from 83.25-87.25 had to have gone up for it to have invalidated the wave 5 on Jack's chart?
14:25 VO: stop 83.50
14:27 VO: flat
14:29 parson: L 1@84.0
14:30 Margie: yes sir
14:30 Margie: that's what I see
14:31 VO: s 1 @ 82.75
14:34 icepick: 3 min is close that also kool 780.50
14:37 PashaLV: sell order @ 785.75
14:38 VO: DIE!
14:39 parson: let me get out first
14:39 prestwickdrive: good
14:40 Margie: mini lo 11:48 now?
14:41 Margie: thks Kool
14:43 VO: GET UR BALLS DOWN THERE!!!
14:43 palmer: +11
14:43 palmer: on the day
14:44 VO: DIE PIG!!!
14:44 prestwickdrive: 780 is jack's 1st wave 5 target I think
14:44 VO: stop be
14:44 koolblue: OUT AT 781.00
14:45 koolblue: PLUS 3.5 O/N THAT LITTLE GIMMEE...NOW UP 18.5 O/N THE DAY.....AND HAVING FUN!!!'
14:46 parson: flat @82. ( -2 )
14:47 prestwickdrive: I was thinking of vo as kb was talking. lol
14:48 palmer: bastards :)
14:48 Vast524: 80.50
14:48 icepick: 780.41
14:48 Vast524: 777.75 sorry for 2.618
14:48 VO: flat be
14:49 tommitchell: 80.5
14:54 icepick: kool - I have esignal - and snap a fib extension rather than add and subtract - I believe it's the same calc., but do you know if sometimes that would be wrong?
14:54 icepick: thks pt
14:56 icepick: thks
15:07 Margie: next few min
15:08 PashaLV: L 782
15:09 PashaLV: target 785
15:11 prestwickdrive: bigs -50k
15:12 PashaLV: stopped
15:13 koolblue: stopped out at 778.75...loss of 1.75 now up 13.25
15:17 Margie: Pash, there is your number again
15:17 prestwickdrive: 76.5 yest lod
15:19 PashaLV: exactly, 777 ))
15:19 Margie: :)
15:20 Margie: it was lucky for you yesterday
15:22 PashaLV: buy order @ 775.50
15:25 Vast524: Thanks Kool. See ya later
15:25 Margie: Bye, bye Kool
15:25 icepick: take kool -thks
15:25 prestwickdrive: bye
15:25 Robin: take care Kool!
15:25 PashaLV: bye, kool !
15:26 JackS65: Have a nice evening all.
15:26 prestwickdrive: you too jack and ty
15:27 VO: s @ 82
15:27 PashaLV: S 782
15:29 VO: 1 @ 81.25
15:30 VO: flat 80.50
15:32 PashaLV: target 775
15:35 Robin: great patience pasha....
15:35 Robin: congrats
15:35 Robin: I know we're not there yet... but still a great trade going
15:36 PashaLV: crossed my fingers
15:36 Robin: :)
15:36 prestwickdrive: big selling isn't overwhelming yet. -58k now
15:37 Vast524: Sell this pig
15:37 Vast524: Come on for me
15:37 Margie: SELL THIS PIG!!
15:40 prestwickdrive: bottom of singles 770 - from last november
15:41 prestwickdrive: 771 sq 9
15:41 PashaLV: 1 tick!!!
15:44 PashaLV: stopped 79...
15:44 Vast524: `Bad luck Pasha. 1tick from 775
15:45 PashaLV: no luck.. you right..
15:46 VO: s 1 @ 80.75
15:46 VO: stop 81.75
15:48 VO: stoppede
15:49 Vast524: yihaa
15:50 PashaLV: funny... my primary projection was 775.50...
15:51 VO: s 1 @ 81.50
15:52 PashaLV: Have a nice evening, friends! See you tomorrow )
15:53 VO: flat 80
15:56 Bary: bye all
16:02 johntrader: gn everyone
16:02 Margie: dow at 7466
16:07 Margie: hey its not my fault, blame pash
16:07 Margie: jk
16:09 Margie: lol
16:09 Margie: go eat a mango
16:10 Margie: 3 hours.......... 2 1/2 too many
16:10 Margie: vast you are in a wind storm
16:11 Margie: you in summer aqren't you?
16:11 Robin: vast... where are u?
16:11 Margie: aren't you
16:11 Robin: oh... :)
16:12 Robin: yeah right :)
16:12 Robin: I did take 2 though...
16:12 Robin: trades that is
16:12 Margie: Robin knew we were going down :)
16:12 Robin: yes..
16:12 Robin: yes
16:12 Margie: good job
16:13 Robin: I could have had 4 or 5 more... but chickened out
16:13 Margie: I don't think she cares about the cards
16:13 Vast524: lol
16:13 Robin: I think he left
16:13 Vast524: PT is quiet as usual. Sly fox
16:14 Robin: the traders in this room are just remarkable.... and thank you all for your contributions.... it's greatly appreciated
16:15 Vast524: No worries Robin. It is a great place to learn and trade
16:15 Robin: you know what's really helping is identifying the 7 waves....
16:15 Robin: when they line up with a pattern... and divergence
16:15 Vast524: I'm thinking of learning how to surf. Never realised waves were so good. lol
16:15 Robin: but one has to be quick putting it all together and that's where i'm at.... right now... getting better... still need to get faster...
16:16 Margie: yeah the speed is where it is
16:16 Robin: and Kools projections are unbelievable...
16:16 Robin: Margie... are you fast?? :)
16:17 Margie: Not as fast as I need to be.. Robin I am working on it
16:17 Robin: it just takes time...
16:17 Margie: when these guys get in and make their money, they are afast
16:17 Vast524: Well I am going to get some breakfast. Have a great evening, take care and thanks for all the help and encouragement.
16:17 Robin: but... I havent found a better place so I'll keep working on it
16:17 Robin: you too vast!!
16:17 Margie: This is a great place
16:17 Margie: Vast no more sleeping
16:18 Margie: See ya tomorrow
16:18 Robin: VO... where are you at?
16:19 Margie: Vast go for it
16:19 Robin: haha :)
16:19 Margie: never, cant sing
16:19 Margie: exactly
16:20 Margie: haha
16:20 Margie: never need to limit yourself
16:21 Margie: every now and then
16:21 Margie: more wine now
16:21 Margie: I love beere
16:21 Margie: wine is supposedly healthier
16:22 Margie: my thoughts
16:22 Margie: yeah, doing the spin class
16:23 gila: After the close, DO will replace WFT in the S&P500. PNRA will replace ARM in the S&P400. CVLT will replace PNRA, IWA will replace BBX and AFAM will replace BSET in the S&P600.
16:23 Margie: I won't leave to do stairmaster unless way ahead
16:25 Robin: take care VO!!
16:25 Robin: i'm going to run also... see you all tomorrow :)
16:26 Margie: Bye everyone, take care. Lert's get 'em tomorrow
Friday, Feb. 20th

07:42 Margie: Good Morning
07:43 VO: whats for breakfast?
07:54 Margie: eggs and salsa
07:54 VO: right on
07:55 VO: ill take 2
07:55 Margie: or possibly the bulls
07:57 PT: good morning Margie
07:58 Margie: Good Morning PT
07:58 PT: CPI 8:30am
08:01 VO: daily 88.6 = 61
08:02 Margie: thks VO
08:02 Margie: have you been up all night?
08:03 VO: no...i got a few hours sleep
08:03 Margie: ok, thats good
08:05 VO: I didnt notice that the DOW broke Nov lows yesterday
08:06 Margie: oh yheah
08:06 Margie: yeah
08:06 VO: gold should hit 1000 this morning
08:07 VO: pull up 233T of the GC
08:08 VO: this current abc's 127.2 = 99.40
08:09 johntrader: gm everyone
08:09 VO: abc confirmed
08:10 Margie: I'm looking at it
08:10 VO: im gonna sell it
08:15 VO: will buy a close 65.50
08:17 Margie: lot of ticks yet
08:17 VO: see that
08:18 VO: gc hit 1st target
08:20 VO: L 1@ 65.50
08:20 VO: stop 64
08:21 PashaLV: Good morning, friends !
08:21 Margie: l 765.25
08:23 PashaLV: VO, ideal butterfly has formed.. AB=1.618 CD
08:23 prestwickdrive: cpi in 10 min
08:23 VO: see that on my big chart
08:24 palmer: morning
08:26 prestwickdrive: glbx dva 68.25-79.25, dpoc 72.75
08:27 VO: dont hang around to long margie
08:28 Margie: flat, I had 2, up 2 pts, :)
08:29 VO: nice
08:29 Margie: it was an abc afterall
08:29 VO: I only have 1...so ill wait and see what number does
08:30 Margie: yeah would love to stay for some targets today
08:32 Margie: 15 min projects to 760.25
08:32 Margie: If using the 3:15 ninja candle
08:33 Margie: 767.50=100, 768.5=127.2
08:33 Margie: oh this is nice
08:34 VO: flat 8.256
08:34 VO: 68.25
08:35 Margie: Vo, way to go
08:35 VO: lol...looked how I typed it the firt time...i didnt get 1 number in it right place
08:36 Margie: I saw that!
08:36 VO: not even the decimal
08:36 Margie: that's like my typing
08:38 Margie: hasn't made a higher high
08:39 VO: look at gc...was a great sell up there
08:39 VO: I was offering 99.3
08:40 Margie: were you filled?
08:40 Margie: I don't show that high on my chart
08:41 VO: no...high was 98.6
08:41 VO: 98.5
08:41 VO: its 1st target stopped it
08:42 VO: went to 93.50...the big contract is $100/point
08:42 palmer: what are you talking about VO
08:43 palmer: $100/contract?
08:43 prestwickdrive: get some sleep vo. sometimes it isn't over rated. lol
08:43 VO: yes per contract, per point
08:44 palmer: what contract? is my question
08:44 VO: gold
08:44 VO: GC
08:44 VO: I had 3 great hours of sleep last night
08:45 Margie: 3 is more than enough
08:45 VO: thats right...i slept in :)
08:46 prestwickdrive: i'd be on fumes with that little sleep - old age. great if you can do it
08:46 VO: heres the push to 1000
08:47 prestwickdrive: bigs bought 1300 net on the number and have sold 1000 of them off now
08:48 palmer: prestwickdrive- where do you get those big sell off numbers
08:48 palmer: very very informative
08:48 VO: he has direct line to pit
08:48 prestwickdrive: bid-ask volume (bav) study
08:49 prestwickdrive: pit squawk boves can help with that too
08:49 prestwickdrive: boxes
08:49 palmer: ok
08:49 palmer: I had trade the news pit audio
08:49 palmer: it was great
08:49 palmer: used it for 3-4 months
08:50 prestwickdrive: yes. it helps to trade with the paper folks
08:51 VO: gonna shower...have bracket on GC to sell @ 1001.70
09:00 prestwickdrive: glbx ldva now 767.5
09:09 VO: gc order cancel...hit 1000
09:10 prestwickdrive: bigs just sold 2k
09:10 VO: L 1 @ 62
09:11 prestwickdrive: 757 sq 9
09:11 johntrader: L 1 61.5
09:13 Vast524: Howdy all.
09:14 Margie: hello, Vast
09:17 Robin: good morning everyone :)
09:18 Margie: howdy, Robin
09:19 PT PM'd
09:19 VO: offering 64.50
09:22 VO: shoulda asked 64.25
09:25 VO: flat 64.50
09:25 johntrader: bingo, out 64.5 +3
09:26 Vast524: Well done for staying with the trade.
09:27 prestwickdrive: just noticed 61.5 was .62 extension of yesterday's range. nice long folks
09:27 VO: gc makes 2nd lower high
09:28 johntrader: thnx vast, target was 64.75, but moved it down with vast, don't want to be greedy
09:29 prestwickdrive: glbx ldva now 67.25
09:37 Vast524: Higher lows and higher highs here
09:38 VO: L @ 64.25
09:38 VO: 1 @ 66
09:38 VO: stop be
09:41 VO: flat
09:41 prestwickdrive: since 8a ct, smalls +11k, bigs -5k
09:43 Bary: gm
09:43 Vast524: Hi VO
09:43 gila: gm
09:43 Vast524: Here Sir. (Sounds like the start of teh school day. lol)
09:44 gila: Click here: Tell Congress to Block the Trader Tax | NA | NA
09:45 You have a PM from PT
09:47 Margie: thanks Gila
09:48 PashaLV: L @764 target 767
09:48 Margie: Pasha go get em
09:48 gila: np Margie.I hope it does not pass.
09:48 PashaLV: out@ 766.25
09:48 Margie: so do I Gila
09:51 PashaLV: sell order 767.75
09:52 PashaLV: cancelled
09:54 VO: s 1 @ 69.25
09:56 VO: flat 67.50
09:59 prestwickdrive: 771 sq 9
10:01 Vast524: Price projections are tough today.
10:05 VO: will watch a retrace
10:07 Vast524: Interesting pattern on the 1min sell shadows
10:07 johntrader: s 1@68.75
10:07 johntrader: stopped
10:08 Vast524: Cycle high maybe 10:106 Margie?
10:09 Vast524: 10:06 sorry
10:09 Margie: 10:11, maybe
10:10 Vast524: You arte right. I was using a 610T chart. Oops. High Kool
10:10 PashaLV: Morning, Kool
10:11 prestwickdrive: nas positive
10:11 koolblue: short from 773.00,since the deadly proj was 974.25
10:12 johntrader: s 1@73.5
10:15 johntrader: out 70.5 + 3
10:16 koolblue: out one at 770.75...plus 2.25 on the day
10:18 prestwickdrive: looks like 7 on 3 min
10:19 Margie: yes, I was looking at that
10:19 Margie: lol
10:19 Margie: exactly
10:19 Margie: I have one of them
10:19 Vast524: 10:17 the low?
10:20 koolblue: outn at 769.25...plus 3.75 there...now up 6 on the day
10:21 Margie: 10:21, mini lo
10:24 Vast524: I thought maybe from High of 9:57 to High at 10:07
10:25 Vast524: I'd love to know
10:25 Margie: off my one min, one sec
10:25 Margie: 10:08 to 10:15
10:26 Vast524: Is that a new chart. a 1min 1sec chart. lol That must be why I am off
10:26 Margie: well should have been 10:22 then but I was trying to do it fast, sorry
10:28 palmer: YES
10:29 Margie: waiting for the first 30 min to pass before trading
10:29 palmer: well the first 30 mins skewed
10:29 palmer: becasue of overnight orders
10:29 palmer: that's why most institutional wait till 10
10:29 palmer: overnight orders
10:29 palmer: overnight orders are executed in first 30 mins
10:29 palmer: then the day trade are put on after 10
10:30 Margie: I had 760.25
10:30 Margie: at 15 min 3:15 I think
10:30 icepick: I havent heard that one - but i've heard of the "3:20 desk clearers" - theory is at 3:20 most traders are closing out their daily positions
10:36 prestwickdrive: 12.25 ib points
10:36 VO: s 1 @ 69
10:38 prestwickdrive: 79.5
10:39 koolblue PM'd
10:39 LordAlfa: Good morning
10:39 Vast524: GM LA
10:40 LordAlfa: What happened so far?
10:40 Vast524: I find it really hard to see them in this type of trading. All very ugly.
10:41 LordAlfa: I see it went bullish for this morning. Expected.
10:42 LordAlfa: We came within 1 tick of the 333% ext, 774.50 on the 5 min chart
10:44 LordAlfa: There is a possibility of a downward abc forming now on the 5 min.
10:45 LordAlfa: Or it could be just a retrace to go higher.
10:45 LordAlfa: LOL!
10:46 Vast524: VO
10:47 VO: stopped 71.75
10:51 LordAlfa: S 770.50 x2
10:52 Margie: no it's only one min off the others and the calc is still the same I show 11:20 mini lo
10:52 Margie: ninja time
10:52 You have a PM from koolblue
10:55 prestwickdrive: stuff for the cage?
10:55 LordAlfa: Let her go down!
10:55 LordAlfa: 765
10:55 LordAlfa: 760.25
10:55 LordAlfa: 100 and 161.8
10:56 prestwickdrive: madoff trustee saying it looks like no securities were bought for client accounts for 13 years
10:57 Vast524: Amazing. Was anyone checking his books?
10:57 Margie: 1/2 billion would have done me
10:57 LordAlfa: LOL. Why need to buy a jet?
10:58 Margie: he should a bought that jet a few months ago and used it
10:58 prestwickdrive: bigs now +3k
10:58 LordAlfa: stop 767.25
10:58 LordAlfa: stopped
10:59 palmer: isnt low 61.25
10:59 Margie: If the mob were still around he would be dead
10:59 Vast524: Lot of sell orders going through
11:00 prestwickdrive: bigs -1k
11:01 You have a PM from PT
11:02 Vast524: There was a big clean out there it seemed PWD. The tape had a heap of big orders selling all of a sudden near that 765 mark.
11:04 prestwickdrive: yes vast, about 5k net big sells there based on 50 contracts = bigs
11:04 johntrader: bidding 66
11:07 johntrader: L 1@66
11:09 Bary: PDQ: what time frame for grail?
11:10 prestwickdrive: bigs -6k
11:11 johntrader: stopped
11:12 prestwickdrive: -10k
11:12 Bary: thx
11:12 LordAlfa: S 765
11:13 prestwickdrive: +14k to -10k
11:14 PDQ: You're welcome Bary.....The indicators are shown on the chart sample, and remember - day session data only- not Globex....
11:15 Bary: any other time frames work?
11:15 LordAlfa: reverse at 760
11:15 Bary: thx again
11:15 koolblue: long one at 762.25
11:15 LordAlfa: 762
11:16 PashaLV: L762,75
11:17 VO: L 1 @ 62.50
11:17 LordAlfa: stopped
11:17 johntrader: L 1@61.5
11:18 PashaLV: stopped
11:18 LordAlfa: 161.8% hit
11:19 LordAlfa: 261.8% ext 752.75
11:22 VO: offering 64
11:22 palmer: 54 ema is the best
11:23 palmer: I just started using 15
11:23 VO: flat
11:23 palmer: u think we get that high
11:24 koolblue: out at 763.25, plus one now up 7 on the day...watching for 764.75
11:28 VO: I will buy
11:28 prestwickdrive: bigs -18500
11:29 PashaLV: L 62.50
11:32 VO: L @ 62.50
11:32 VO: stop 61.25
11:32 VO: stopped
11:33 prestwickdrive: -50% ib = 56.0 area
11:37 koolblue: stopped at 760.00, loss of 2 ...up 5 on the day
11:40 VO: s 1 GC @ 96.4
11:42 johntrader: moved stop up to 61.25
11:42 VO: offering 65.75
11:43 johntrader: kool, my stop on that trade was 59.75
11:43 Bary: always!!
11:43 palmer: conspiracy against KOOL
11:43 palmer: !!!!!!!!!!!!!!!!!!!
11:44 Vast524: That's why you get paid the big bucks Kool. lol
11:44 prestwickdrive: good it wasn't haz mat on top of it kb
11:45 VO: moved order to 66.25
11:46 Margie: Vo are you talking gold or ru ;ong the ES
11:46 Margie: long
11:47 VO: im shoet gc
11:47 prestwickdrive: dva 62.0-70.25, dpoc 67.0
11:47 karen: thks prestwick
11:47 VO: selling 66.25 es
11:47 Margie: No ,Im not long Kool, just asking VO if he was talking gold or ES
11:47 koolblue: same here
11:48 LordAlfa: Gold hit 1000. Reported on Fox
11:49 prestwickdrive: Cashin saying options expiry is what brought buying on the open today
11:52 You have a PM from koolblue
11:52 You have a PM from koolblue
11:55 LordAlfa: I am buying and sell with 2 pt stop. Buy 61.75 Sell 64
11:55 koolblue: buying 54-56...selling 66.25-67
11:57 You have a PM from koolblue
11:58 LordAlfa: I don't care where it goes, It just risks 2pt
11:58 Vast524: 11:58 mini low? 11:22 to 11:40
11:59 LordAlfa: stops at 61.50 and 64.25
11:59 johntrader: be stop 61.50
12:03 LordAlfa: I have a nice abc upward and I still have that downward abc. So I'll put my money on both.
12:03 johntrader: stop 61.75
12:04 LordAlfa: Shelf 64, Ledge 61.75.
12:04 Vast524: What about teh 15min projection Kool. Which bar do we use. The second green bar has a lower wick than the first. Do we use both?
12:05 LordAlfa: downside got stopped.
12:08 johntrader: common punch thru
12:08 VO: flat gc @ 94.6
12:09 PT: good trade VO !
12:09 VO: BS...look what their doing to it now!
12:10 LordAlfa: MACDHist 5min going zero
12:10 VO: its a bearish gartley on gc
12:12 johntrader: out 65.75 + 4.25
12:12 VO: s @ 66.25
12:13 LordAlfa: 1 off 66.50
12:14 LordAlfa: Hit 127.20% ext cut right thru 100% ext
12:15 prestwickdrive: bigs -10k now
12:18 Ensign Howard: Feb 20th version has been released. See: http://www.ensignsoftware.com/features/whatsnew.php
12:18 VO: flat 65.75
12:19 koolblue: sold 766.25. bought 765.50...up 5.5 and watching
12:21 koolblue: ill try a buy at 764.00
12:23 Vast524: mini low at 12:40?
12:24 koolblue: yes ...possibly
12:24 koolblue: smaller one at 12:25
12:25 johntrader: aski ng 67.5
12:30 Margie: 1:38 could be a good lo
12:30 johntrader: cancelled order
12:42 Margie: no 1:38
12:43 Margie: but I had a mini lo just going by now
12:43 prestwickdrive: karen - dva 61.75-69.5, dpoc 67.0
12:45 karen: thks prestwick!
12:45 karen: very helpful
12:46 prestwickdrive: hope so - yw
12:46 prestwickdrive: bigs -21k
12:46 koolblue: stopped at 862.00..loss of 2.25 now up 3.25 on the day
12:51 prestwickdrive: dva 61-68.75 now
12:51 prestwickdrive: bigs -30k
12:52 JackS65: Kool look at the chart I posted
12:52 prestwickdrive: 56= -50% ib
12:58 PashaLV: L 58 target 760.25
13:01 LordAlfa: 205.8% hit
13:01 PashaLV: stopped .. -5 now
13:02 JackS65: I just posted a Market Volume chart
13:02 johntrader: bidding 55.50
13:03 Vast524: What chart please
13:04 Vast524: ok
13:04 johntrader: chased it L 1@56.5
13:04 prestwickdrive: bigs -42k
13:12 VO: L 1 @ 55.50
13:12 Vast524: Is the deadly 754 Kool
13:13 johntrader: sold 56, too weak
13:14 johntrader: back in 55.5
13:14 prestwickdrive: bigs -52k
13:15 PashaLV: L55.75
13:18 johntrader: stopped
13:19 PashaLV: stopped
13:19 LordAlfa: 261.8% @ 52.75
13:20 LordAlfa: 333% @ 747.50
13:21 LordAlfa: 261.8% hit
13:23 johntrader: L 1 @54.25
13:24 VO: flat be
13:25 VO: s 1 @ 55.25
13:27 koolblue: bought 2 @ 755.00 sold at 785.50, plus 2 ticks on ea...now up 2.75 on the day
13:34 Vast524: Gold back up to $1000
13:42 johntrader: too scarry, out 56.75 -.25 after 2 stopped out
13:45 Margie: Nov low on cash was 741.02
13:46 VO: add 59..25
13:49 johntrader: S 1@58.5
13:52 Margie: What;s ya cooking?
13:52 Margie: pizza
13:52 Margie: Friday night is our pizza night
13:52 Margie: pizza party, to be exat
13:53 Margie: exact
13:55 gila: obama press sec ( I think) speaking
13:55 Vast524: oops
13:55 johntrader: stoppped
14:06 VO: flat
14:11 prestwickdrive: nice recovery kb
14:12 johntrader: s1@60
14:12 LordAlfa: It has on the 5 min
14:16 VO: s @ 559.75
14:16 VO: stop 61
14:17 Vast524: 56.25 is 100%
14:17 VO: stop
14:18 gila: bank plan will be released next week
14:18 gila: just announced
14:20 VO: s 1 @ 67.50
14:21 Vast524: 770.75 is combining the 2 candles together
14:21 VO: flat 65
14:22 Vast524: They had to think of some news to make Kools projection work
14:26 VO: s @ 70.75
14:26 Vast524: IB High is 74.50
14:26 Bary: grail sell?
14:27 Margie: lol
14:28 gila: thx
14:28 karen: goldman's buying
14:30 VO: flat 70
14:36 karen: just turned it off...on the phone
14:36 karen: that's the last I heard
14:36 karen: exactly
14:37 VO: s 1 @ 68.25
14:38 VO: stop be
14:38 VO: hoping for 63.50
14:39 VO: flat be
14:41 VO: L 1 @ 71.25
14:41 VO: stop be
14:41 VO: flat be
14:42 VO: s 1 @ 70.75
14:43 Vast524: Went short there at 71.75 stopped at 73.25
14:44 VO: flat 70.50
14:44 Vast524: 73.25 sorry
14:47 VO: s 1 @ 72
14:49 VO: stop be
14:49 VO: flat
14:50 Vast524: Is that the Dow Corning Gap fill? lol. Sorry not enough sleep
14:51 VO: lond 1 @ 74.50
14:52 Margie: long 74.75
14:53 VO: flat 75
14:53 Margie: chickened out with the deadly, +1 tick
14:54 Vast524: I think you are linked
14:54 Margie: Kool I thought you said we hit deadly and you freaked me
14:54 prestwickdrive: lva 79.5
14:54 VO: s 1 @ 78
14:55 VO: stop be
14:55 Margie: Kool it cant be my fault I have to blame you
14:55 Margie: lol
14:56 VO: flat ...geez
14:57 koolblue: sold 2 at 778 covered at 775.25
14:57 Margie: kool, high five
15:00 koolblue: plus 2.75 on 2 es...now up 10.75...whew! good comeback.. now ill chill and be more conservative
15:00 koolblue: ie: trade one only
15:04 VO: l @ 68
15:04 VO: 1 @ 69
15:04 VO: stop be
15:05 VO: flat 70.50
15:06 Bary: bounced off 5m 20 ema
15:06 Bary: nq
15:12 VO: s 1 @ 71.
15:13 VO: stop 70
15:13 VO: flat 68
15:14 VO: s 1 @ 70
15:15 Vast524: VO you are the scalping King today.
15:19 Margie: ty
15:21 VO: stop be
15:21 Margie: lovely
15:22 PashaLV: L70
15:23 VO: flat
15:23 PashaLV: target 75.75
15:25 PashaLV: out @ be
15:29 PashaLV: L @68.50
15:30 PashaLV: stopped
15:31 VO: L 1 @ 65.50
15:34 koolblue: long 2 at 765.75...exit 767.00
15:35 VO: flat 66.50
15:36 Bary: down baby down
15:36 Bary: not
15:38 Vast524: I need to learn that. 3pt is a big thing for my mind to get around. Will get there though
15:40 Vast524: Just having faith in the entry. Allow for a bit of leeway. I get stopped out and you stay in to at least make BE. At least that is why I like the ABC/123 entries. Defines your stops
15:43 Margie: you go Kool
15:43 Vast524: Go and hang out at the Oscars.
15:45 VO: s 1 @ 66
15:47 Margie: SELL THIS PIG, for our buddy VO
15:47 PashaLV: L @ 764.50
15:48 Margie: good job PT
15:48 PashaLV: go up !!!
15:48 Margie: pasha go get em
15:48 Margie: their out of your way, now
15:52 Margie: haha
15:52 Margie: you can talk yourself into anything
15:55 Vast524: Go Pasha
15:55 PashaLV: stop@ be ,, target 79
15:55 Vast524: Your keen
15:58 VO: s 1 @ 68.50
15:59 PashaLV: stop @ 67
15:59 VO: flat 68.25
16:01 Vast524: Can they bail me out?
16:03 PashaLV: ok, i'm stopped...
16:04 prestwickdrive: for sure
16:04 prestwickdrive: community investment act
16:04 PashaLV: up 2 here down 3,75 for the day... gonna kill myself
16:04 prestwickdrive: don't pasha. come back monday - the market won't wear out
16:04 Vast524: Don't say that please Pasha. Not to be joked about.
16:05 prestwickdrive: buys votes
16:06 Bary: well folks have a great weekend, thx all
16:06 gila: don't say that lord alfa knows someone who did committ suicide over losing job etc you will make it back another day
16:06 PashaLV: LOL
16:07 PashaLV: that's really dramatic ))
16:07 prestwickdrive: doing the wrong things can be worse than nothing
16:08 PashaLV: It was just a joke.. ))
16:08 gila: I hoped so
16:09 gila: thats the one of the great parts of this room we can help each other
16:10 PashaLV: exactly, Gila..
16:10 jt143: send them to the gulags, lol
16:11 prestwickdrive: market clearing prices
16:12 prestwickdrive: artificially inflated like crude oil
16:12 prestwickdrive: was
16:13 Vast524: On average. Houses should double every 10years.
16:13 jt143: housing is just reverting to the mean, about 260-280k
16:13 Vast524: VO is going to run for President. This is the beginning. "Yes VO can"
16:13 jt143: the ave home got up to 450k ish
16:14 icepick: sorry folks, - have to disagree - when you can currently purchase a resale home for 30% less than it would cost you to build a new one, prices can't come down much more
16:14 Margie: yeah its the kids, which sucks
16:14 prestwickdrive: he promised income redistribution and he is delivering
16:15 Margie: get it over with
16:15 PashaLV: Have a great weekend, friends ! See you on monday.
16:15 Vast524: Calonic irrigation
16:15 Vast524: lol
16:15 Margie: vast, behave
16:15 Margie: ;)
16:15 jt143: wait until the commercial real estate crisis hits
16:16 jt143: gonna dwarf this
16:16 Vast524: Lackof sleep Margie. Only 3hrs in the last few days.
16:16 VO: agreed jt
16:16 VO: man up vast
16:17 jt143: impressive vast
16:17 Vast524: I'm trying Vo. That's great news Kool.
16:17 Margie: just giving you a hard time vast
16:17 prestwickdrive: puts things in perspective
16:18 Vast524: The amazing thing is Vo, you don't drink coffee.
16:19 Margie: Kool, that is good to hear
16:19 VO: nope no coffee
16:19 Bary: by all
16:19 Margie: Bye Kool
16:19 Vast524: Don't know how you do it. See ya Kool
16:19 prestwickdrive: bye all and ty
16:19 jt143: gn
16:20 Vast524: see ya PWD
16:20 Margie: let's find it!
16:20 Vast524: There are cock roach races this afternoon in Qld
16:23 jt143: those little guys dont last long anyway
16:24 jt143: can u say eurex
16:25 jt143: we'll be trading the eurostx50 or dax
16:27 Margie: I am
07:11 koolblue: buying 776.00
07:12 VO: 15m deadly
07:12 VO: 75.25
07:13 VO: sold gc @ 91.6
07:14 koolblue: 1 min proj was also 775.50
07:14 VO: sup koolio
07:14 Robin: Morning everyone :) Kool.. VO
07:14 koolblue: not much...trying to stay awake!
07:15 VO: mornin robin
07:15 koolblue: wish I could have bought that 762-3 area!
07:15 VO: I nodded off and missed my 93 sell
07:15 Robin: can we do a sound check for ensign?
07:21 VO: took 1 @ 91.50...stop @ 89.6
07:22 VO: I was stopped on my es short last night...sold 78 and stopped 80.25
07:26 VO: should be 90.50
07:29 VO: loud and clear
07:31 VO: thats great robin!
07:36 koolblue: was long one at 776 exited 778.00. plus 2 on a little scalp...watching
07:37 koolblue: long one here at 773.75
07:39 VO: l 1 @ 72.50
07:42 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2194.png
07:47 LordAlfa: Good morning
07:47 VO: stop 73
07:49 parson: WAS LONG @72.5, EXITED @75.25 ( +2 1/2 )
07:52 parson: correction:2.75
07:59 VO: offering 76.50
08:01 LordAlfa: Different time zone! Ninja is 5 min behind.
08:01 LordAlfa: Ninja is 51 and 57 min
08:02 palmer: lord I have those same numbers
08:02 palmer: on the 1 min chart as you
08:02 palmer: 51 and 57 min
08:04 LordAlfa: Fellow Ninja?
08:06 LordAlfa: According to 60 min chart 2/20 chart 3pm bar 835.75
08:07 larryp: http://www.tradingtutor.com/charts/2009-02-23 08-07 GBP A0-FX 60.png
08:08 larryp: http://www.tradingtutor.com/charts/2009-02-23 08-07 ES #F 5.png
08:21 LordAlfa: 100% ext 95.75
08:21 LordAlfa: VO. Are you still long?
08:23 koolblue: was long at 773.75...exited 775.75... plus 2.0,,now up 4 on the day
08:26 johntrader: gm everyone
08:26 Margie: gm
08:26 LordAlfa: The potential down leg at 100% now is 65.25
08:27 Margie: Larry said support at 65.51
08:28 LordAlfa: Looks like it might go there. Watching. Made some new rules to my discipline.
08:29 VO: flat ES @ 76.50...flat GC @ 89.6
08:31 VO: gc was 88.6
08:37 Robin: just got back
08:46 Robin: brb
08:47 LordAlfa: Computer got hung. Time to do a format and restore. Too much junk in it.
08:54 koolblue: as stated the deadly 15 min proj was 780.75 and the proj from the entire initial 1 min move is 781.50-75
08:57 koolblue: selling 781.50if it can get there
08:58 koolblue: mini high 8:59 and another around 8:10
09:00 VO: s 1 @ 80.50
09:02 VO: bidding 78.50
09:05 VO: flat 79
09:22 PashaLV: Good morning, friends !
09:22 LordAlfa: Hi Pasha
09:22 LordAlfa: Quiet and waiting
09:22 Margie: Good Morning!
09:23 PashaLV: Hi LO, PT, Margi, Kool, VO, Robin ! Have a great day !
09:25 Robin: Morning Pasha!
09:29 kat: sorry guys!
09:29 kat: great thank you
09:30 kat: spanish
09:30 LordAlfa: Sounds like C3PO
09:31 prestwickdrive: 72.25 uva
09:32 prestwickdrive: in singles from fri now 74.5-79.5
09:44 LordAlfa: 100% of this downleg is 66.75, small ABC just formed, 333% ext is also 66.75.
09:46 koolblue: took the gimmee at 771.25
09:47 koolblue: exit is 774.25
09:52 prestwickdrive: within .75 of gap fill
09:54 koolblue: exited 772.75..on 2 es... 1.50 on each... up 7 now
09:56 LordAlfa: Its trying to reach the averages
09:57 Vast524: Morning all. Hope everyone had a great weekend.
09:57 LordAlfa: Hi Vast
09:58 LordAlfa: 739?
09:58 prestwickdrive: y
09:59 Vast524: Selleys or corning
09:59 prestwickdrive: 69.5
10:00 prestwickdrive: 77.75
10:01 prestwickdrive: 80% to 61.25 triggered fwiw
10:01 prestwickdrive: would jibe with 80%
10:02 prestwickdrive: bigs -15k
10:06 PashaLV: L@767.25
10:07 LordAlfa: Globex lo 73, 127% 62.75
10:08 LordAlfa: Still observing. Added to my rules not to enter a trade until 1 hr later. Prevents me from losing then fighting back.
10:13 PashaLV: out -1
10:13 prestwickdrive: bigs -20.5k
10:15 koolblue: out at 765.25...plus 3.75 on one es...now up 10.75
10:17 Vast524: Which 15min candle did you use Kool/PT. I am getting other numbers
10:17 LordAlfa: yep
10:18 koolblue: 9:15 candle Vast... high 780.50, low 778.00 projects 764.00
10:20 LordAlfa: L 766 x 3
10:20 koolblue: the entire move this morning 2:45 am high 786.50 to the low 780.50 around 4:15 times the termination ratio gives 761.00
10:20 koolblue: termination ratio=4.236
10:21 johntrader: bidding 63
10:22 LordAlfa: stop 64.25
10:22 gila: 761.25 mp lval
10:27 LordAlfa: Support level
10:27 LordAlfa: Little ABC
10:30 LordAlfa: Stopped
10:30 LordAlfa: ABC failed
10:32 LordAlfa: -4.5
10:35 LordAlfa: Globex lo 73
10:35 LordAlfa: Sorry 63
10:35 johntrader: L 1 @763
10:37 LordAlfa: Waiting for signal
10:37 koolblue: stopped at 762.25 on one es... loss of 2.75 up 8
10:37 koolblue: long 2@ 761.25...
10:37 LordAlfa: 161.8% of this downleg is 758
10:38 prestwickdrive: -50%ib = 57.5
10:38 johntrader: L 1@61.25, 2 avg 62.5
10:41 PashaLV: buy order @ 760
10:42 LordAlfa: Ledge 60.50 Shelf 62. More attempts to go up.
10:44 LordAlfa: My take is that it will try for 58
10:44 koolblue: chickened out at 762.00...plus 0.75 on 2 es... up 8.5 on the day...watching
10:46 Robin: kool.. got a nice candle on the 1 min chart that projects 65
10:47 koolblue: I see it!
10:50 johntrader: out 1 63.75, holding 1
10:50 LordAlfa: Small ABC
10:56 PashaLV: s 62.75
10:57 LordAlfa: L62.50
10:58 PashaLV: reversing @760
10:58 LordAlfa: Stopped
10:58 johntrader: stopped on 2nd
10:58 LordAlfa: -11.25
10:59 PashaLV: L @ 760
10:59 Robin: creeper mode down so far
10:59 johntrader: -5
11:00 koolblue: stopped for a 2 point loss ...up 6.5 now
11:02 PashaLV: stopped @ be.. +2 now
11:09 johntrader: L 1 @ 59.25
11:10 Robin: yes
11:11 Robin: ok
11:13 Robin: yes... i've got that
11:14 Robin: first swing
11:16 PT: stop b/e
11:18 johntrader: be stop
11:21 LordAlfa: I am staying out until I see something.
11:22 koolblue: short from 761.502 and covered one at 759.75..plus 1.75 now up 8.25 and still short one
11:22 PashaLV: L 60.25
11:25 LordAlfa: S2 at 57
11:26 koolblue: exited 760.75..plus .75
11:27 johntrader: 5 min MACD xover
11:27 koolblue: up 9 now
11:27 johntrader: L 760.25
11:29 PashaLV: out@ 61.50.. plus 1.25 here +3.25 for the day
11:31 johntrader: stopped, -7 on day
11:32 prestwickdrive: singles 52.5-55.25, -50%ib = 57.5
11:32 LordAlfa: I think it is really sick and weak.
11:33 prestwickdrive: -100% ib= 50.5
11:33 LordAlfa: All the ABC upside patterns failed. Only the Downside was valid throughout and gone beyond 423% ext
11:35 LordAlfa: It has to bash throughthe averages
11:37 Robin: this is tough today...
11:40 LordAlfa: This market is FUBAR
11:40 Robin: well just saying fighting the trend looking for longs...
11:40 Robin: it's not turning
11:41 Robin: i've got up the 5 min, 1 min, 233 tick and 15000 vol.
11:41 Robin: to get some different projections...
11:41 Robin: not getting much of a bounce
11:43 Robin: pattern traders get killed in a trend...
11:44 LordAlfa: Sit and wait Robin. I am sitting here waiting.
11:44 Robin: yep... that's what i'm doing :)
11:46 LordAlfa: They will break 57. Tried like 5 times.
11:48 prestwickdrive: bigs -26k which isn't overwhelming. water torture
11:48 LordAlfa: Death by a 1000 cuts.
11:48 LordAlfa: Poor ES
11:48 prestwickdrive: 57= sq 9
11:49 LordAlfa: 57 broken, it is going down.
11:49 Margie: on 15 min 771-781 gives 754.75, fwiw, using top 4 candles
11:52 Robin: 755 might be an area of interest
11:53 Robin: but i'm just watching at this point
11:53 prestwickdrive: 55.25 is top of singles from friday's tail
11:53 Robin: and drawing :)
11:53 LordAlfa: Anybody's guess where is the bottom? I don't know, price projection have exceeded.
11:55 LordAlfa: If we take the ABC at 85, 72.25, 81.00, 261.8% = 747, 333% = 38.50, S2 at 39.75
11:55 tommitchell: 52,50 to 55 area
11:56 Robin: new tick lows
11:56 prestwickdrive: bigs -31k
11:56 Margie: 52.5 Fridays lo
11:59 LordAlfa: Chart posted on the project off the 2nd ABC.
12:00 LordAlfa: I'll post under yours.
12:02 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2195.png
12:02 LordAlfa: I am watching if they will break Friday's lo. Sure test we see that bottom of the century
12:03 Robin: just showing a 1.272 abcd at a pivot
12:03 LordAlfa: How is the Dow doing?
12:04 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2196.png
12:04 Robin: is this a possible projection on 5 minn?
12:06 gila: 752.5 7228 1150 fri lo
12:09 LordAlfa: Trying my patience.
12:11 Margie: I think it goes lower though
12:12 LordAlfa: Same here because it is FUBARred
12:12 Robin: what does FUBAR mean?
12:13 LordAlfa: WWII army term. F*** Up Beyond any Reconigtion
12:13 Robin: haha!! :)
12:13 Robin: perfect!
12:14 LordAlfa: It for poor sods that got blown up. Only their ID tags were found.
12:14 Robin: ooh...
12:14 Robin: I didn't realize that :(:(
12:14 Robin: that's sad
12:14 Robin: but it's perfect for todays chart
12:15 LordAlfa: Wish I shorted. Stuck to my rules. Wanted so muchto jump in to short at 9am.
12:15 Vast524: You realise this is all VO's fault. lol We need the market maker back. These ABCsare working because VO's not buying! lol
12:16 LordAlfa: Kool, they had so much difficulty to reach those averages since pit open.
12:16 Vast524: I meant "ABC's not working"
12:17 LordAlfa: PT's MA has not even been touched. It was only before pit open.
12:18 PashaLV: L @ 755.50
12:18 PashaLV: sorry 755.75
12:20 PT: Long 756.75
12:22 LordAlfa: I think to be safe today is to see a close above the B pt.
12:23 LordAlfa: 4 attempts to go lower.
12:25 PashaLV: out@ 56.75 +1 here..
12:28 LordAlfa: And it is lunctime too.
12:28 icepick: 754.83 is S1, also
12:28 Margie: Its your Bingo, Kopol
12:28 Margie: Kool
12:29 LordAlfa: Icepick, how did you get that S1? Mine is the classic S2 at 56.75
12:30 Margie: eternity
12:30 LordAlfa: I'll munch on some pork jerky.
12:30 icepick: my pivots home page(classic) - also the same on esignal
12:31 Margie: Kool, do you mind me asking if you have your 401k still back in the market?
12:31 LordAlfa: Action
12:32 icepick: sorry - not home page - -- archive notes
12:32 Margie: ok Kool, thanks
12:33 koolblue: exit one at 754.50..plus 2 .and up 11
12:34 koolblue: trying to hold for 752 or so on the other
12:35 PT: stopped out on that Long attempt
12:37 Margie: yes I do
12:38 Margie: is that your 45 day cycle, you talk about
12:38 Margie: right around St. Patrick's Day, easy to remember
12:39 Margie: yes
12:42 karen: 15 min chart....13 candles, all but 2 have green
12:42 karen: all are red
12:42 karen: I mean, except for 2
12:43 LordAlfa: Its bloody
12:43 koolblue: whew! out at 754.50,plus 2 there...now up 13...
12:43 LordAlfa: Look they are baiting us again
12:44 Margie: maybe we need to wait for a higher high
12:45 LordAlfa: 755 is the B.
12:47 PashaLV: where is the bottom, who knows????
12:47 LordAlfa: actiom
12:48 LordAlfa: Wait Pasha
12:48 PashaLV: don't tell 000.00
12:49 PashaLV: i'm waiting for HH/HL
12:50 PashaLV: kool.. great entry !!!
12:51 Vast524: I took 1 handle and ran. Have no luck today with longs
12:53 koolblue: long 2 @751.50 covered one at 752.50 to reduce risk...up 14 and holding the other with a 3 point stop
12:54 Robin: watching that..
12:55 LordAlfa: 261.8% 47.75
12:55 Robin: ok... see that....
12:55 LordAlfa: 47.50
12:59 LordAlfa: Looking to go lower. This market wants blood.
13:00 koolblue: up 11 now with that 3 point loss
13:01 gila: obama soeaking 120 est
13:02 gila: speaking
13:09 LordAlfa: L 52
13:10 LordAlfa: Stop 49.50
13:11 icepick: are you looking to short 755 kool?
13:12 koolblue: want to buy and ride it up to that area'
13:13 icepick: ok thks
13:23 koolblue: chart posted
13:25 Margie: I,ve been hearing PT type
13:25 Margie: no it keeps me awake
13:25 Margie: that's good
13:25 LordAlfa: Use Crtl Alt
13:26 Margie: it hasn't retraced 50%
13:27 LordAlfa: Yep But there is a little abc, 48.25/51/49.75
13:28 LordAlfa: Sure harder to climb than dive.
13:29 Margie: lower, lower
13:32 LordAlfa: And the 1 min too
13:33 LordAlfa: Margie your more than 50% retrace made
13:34 Margie: yes, now watching for buy signal
13:34 PT: 749.50 is the 78.6%
13:35 LordAlfa: Your signal
13:36 Margie: thats too far away
13:36 Margie: Im still waiting
13:36 LordAlfa: 2nd higher close
13:37 Margie: I may miss it but thats too far
13:38 LordAlfa: stop 49.75
13:38 LordAlfa: Yep
13:39 Margie: I am showing 751 would be entry to fo up but candle closed
13:39 Margie: 752.25
13:39 Margie: every chart seems to differ
13:40 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2197.png
13:40 Robin: we might get a sell up at the 755.50 area
13:42 LordAlfa: Migrated to use the bigger abc.
13:43 Margie: 55.5
13:43 Robin: chart posted
13:43 Robin: with abcd
13:44 Robin: yeah but who took the trade?
13:44 Robin: :):)
13:44 Margie: ;(
13:44 Robin: not me margie
13:44 LordAlfa: Me! 8-)
13:44 Margie: not me either
13:44 Robin: good for you LA!!
13:45 Margie: didn't like that confirming candle
13:45 Margie: Good job LA
13:45 LordAlfa: See the signal, take it. Just a window of overtaking opportunity.
13:46 LordAlfa: Don't forget, like PT, I got burned twice.
13:46 LordAlfa: 3 contracts, scaled out 100, 161, and bonus.
13:48 LordAlfa: retrace 50=51.50, 61.8=50.50
13:49 LordAlfa: Waiting so long for this snipe. I hope the targets hit.
13:53 LordAlfa: 261.8=64.50. retrace from 81 50-64.50
13:53 Margie: close over 72.25 and I will
13:54 LordAlfa: 52.25?
13:54 Margie: not on mine yet
13:58 Margie: la yes, 52.25,
13:59 icepick: blah blah blah
14:00 LordAlfa: Damned! Stopped
14:00 prestwickdrive: bigs -61k
14:00 Vast524: I'm buying shares in any ink printing manufactuer. They are using so much of it to prin tthe money. lol
14:01 LordAlfa: -18. 8-(
14:01 koolblue: stopped at 749.00 on 2 es ...ugh! now up 5
14:01 LordAlfa: End it here. No more. 3 tries.
14:02 PashaLV: L@ 750.50
14:10 PashaLV: out@ be...
14:11 PashaLV: L @ 49.50
14:11 PashaLV: target 54.25
14:16 koolblue: bought another at 749.75 so long 2 ...avg price 750.50, covered one at 751.75..plus 1.25
14:17 koolblue: up 6.25 and holding the other for at least 755.00
14:17 PashaLV: out@ 54.25.. +4.75 here
14:18 PashaLV: up 9 for the day
14:19 PashaLV: TY, PT )
14:20 koolblue: out the other at 755.25...plus 4.75 now up 11 again
14:27 icepick: kool - im seeing resistance at about 758 - from 3 min proj - what do you think?
14:28 PT: ice : 758.25
14:29 icepick: thks
14:29 lb1: is that single PT?
14:30 gila: c up 27%
14:35 icepick: because of that news - would you ignore to some degree that 5 min bar?
14:35 icepick: ok
14:37 Robin: thanks :)
14:37 icepick: kool - i'm assuming fomc would be an exception
14:43 LordAlfa: downside abc
14:46 LordAlfa: Might make its way to 261.8%=747.50
14:49 Robin: yep... closing basis
14:53 LordAlfa: 261.8% hit
14:53 LordAlfa: 333%=38.50
14:55 Robin: would love for it to get back to you bb average kool
14:55 Robin: but that's a long way up
14:56 LordAlfa: 5 min MACDHist red
14:57 LordAlfa: This pig sold and slaughtered
15:02 LordAlfa: This is a bloodbath.
15:04 LordAlfa: FESX down 114 pts
15:04 Robin: kool... you looking to go short at the average?
15:04 Robin: we're here...
15:05 Robin: yep... nice low on that 1 min chart
15:07 Robin: MAX level
15:07 Robin: yep :)
15:08 Robin: his levels are amazing...
15:09 LordAlfa: dojis, reversal
15:10 Robin: nice trade Kool
15:10 koolblue: short 2 from 748.25,exited at 746.50
15:11 Vast524: That's 2 handles for me there @2 up 5 today. Been very cautious today
15:12 Vast524: Loving every minute of it. They owe me big time
15:12 LordAlfa: upside abc
15:16 LordAlfa: upside abc negated
15:16 LordAlfa: if it hits 46
15:18 Robin: I see that... so what does that tell you?
15:18 Robin: weak?
15:21 Robin: yep.....
15:23 palmer: +14 handles
15:23 LordAlfa: Good for you palmer
15:24 Vast524: It has the look in hindsight of going short at the start of the day and that would be all that you would take. But I kept looking for longs. Crazy
15:24 icepick: i'm +4, although I have no clue how that came to pass:)
15:24 LordAlfa: -18. Crushed! 3 trades and quit.
15:25 LordAlfa: I'll be back - Arnie
15:26 Vast524: Funny about that
15:26 Vast524: lol
15:26 LordAlfa: I have set my direction for the day so it was wrong.
15:30 LordAlfa: I think it will see 38.50
15:30 LordAlfa: Yes revenge
15:30 Robin: Thanks Kool for everything!!!
15:30 Vast524: Thanks so much once again Kool.
15:30 prestwickdrive: bye kb
15:30 Robin: have a great evening...
15:30 PT: good trading kool, have a good sleep and evening
15:30 icepick: have a good one kool
15:30 gila: thanks bye
15:33 gila: trin wierd its .52
15:37 LordAlfa: It will see lower. Keeps making lower highs and lower lows.
15:54 PT: hit kool's 41 projection
15:55 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2198.png
15:55 Robin: I realize this is big... but on the 5 min... we made a 100% abcd
15:55 Robin: with divergence on the macd....
15:56 Robin: so maybe kools right that we get ready for a bounce...
15:56 Robin: he said low on friday or monday
15:57 Robin: it's the first possible target...
15:57 Robin: next level would be 730
15:57 Robin: which is the 1.272
15:58 Robin: but I also look at the 1.127 as that area will cause a turn as well...
15:58 Robin: I just think we all look at small timeframes and a 5 min. isn't big but when I looked at it.... the abcd caught my eye...
15:59 LordAlfa: This is sick. This market need a defibulator.
15:59 Robin: why?
15:59 Robin: I know...
16:00 Vast524: You pay for them, so you may as well use them. lol
16:00 Robin: :)
16:02 LordAlfa: Here comes the 333%
16:03 LordAlfa: The candle similar sizes are defintely on the 610T
16:03 prestwickdrive: bigs -104k
16:04 LordAlfa: What a day to start my new rules!!
16:05 palmer: nope
16:05 palmer: it is not
16:06 palmer: only + on the tickl
16:06 palmer: yep settlement
16:06 palmer: so like 10 after
16:06 palmer: you get the final tick
16:06 palmer: later guys
16:07 Robin: by palmer...
16:07 Robin: have a good night
16:07 PT: take care Palmer
16:08 John: Lowest close.
16:08 jt143: 42.37 here
16:09 John: 11/20/08 close was 752
16:09 Vast524: 738 Nov sometime
16:09 John: This is thew lowest close since '97
16:09 Vast524: Not the close, but a low
16:10 John: Just do a daily line chart and draw a horizontal line and it will be clear.
16:11 John: Go back to 4/11/97
16:12 myptofvu: okay go ahead Robin
16:13 Robin: can you hear me?
16:13 PT: im not hearing anyone
16:13 PT: let me get off mumble
16:13 prestwickdrive: I hear you
16:13 myptofvu: me either
16:13 jt143: my voice chat isnt marked but I hear u
16:13 John: me either
16:13 PT: ok Robin
16:14 Vast524: I can't hear you Robin either
16:14 Robin: then lets try and get this working
16:14 John: jt, you may be hearing mumble?
16:14 jt143: y
16:14 prestwickdrive: y
16:14 myptofvu: it seems noone can hear me talking either
16:15 PT: I hear nothing
16:15 jt143: y
16:15 Vast524: try again please
16:15 Vast524: Nope
16:15 John: jt, you must 'deafen self' on mumble first
16:15 gila: I can hear u
16:15 John: I don't hear anything
16:16 Robin: sometimes... it's best to shut down Ensign and restart
16:16 Robin: make sure voice chart is checked
16:16 myptofvu: ok shuting down
16:16 John: Everyone, if you have mumble open you must deafen self first or you'll hear on mumble
16:17 jt143: u'r on mumble now
16:17 LordAlfa: ok deafen on mumble
16:17 jt143: I see your lips going red on mumble
16:18 Robin: I wonder what we should do...
16:19 Vast524: Use Mumble. lol
16:19 Robin: pt... can you hear me?
16:19 Vast524: Nope
16:19 myptofvu: no
16:19 Robin: I guess I can ask him to download... he isn't so great with computers...
16:19 PT: did you hear that Robin ?
16:20 Robin: PT... could you send me the info on downloading mumble and i'll walk him thru it
16:20 Robin: no I didn't hear you pt
16:20 myptofvu: ok im going back to Mumble
16:20 PT: yeah we have never been able to get voice to work on here
16:21 PT: http://www.mypivots.com/forum/topic.asp?TOPIC_ID=3783
16:21 gila: \i have no problem hearing u
16:27 Vast524: Even if Larry can talk, and we type. As long as we can hear him,
16:33 Robin: yes
16:35 LordAlfa: I took the trade and got burned. It could punch through
16:35 Vast524: Heh Robin. Just wondering if you got an invite to Oscars? You have always amazed me with your contacts.
16:35 Robin: haha :)
16:36 Vast524: :) Gila was looking for you. lol
16:36 myptofvu: SHe did but had someone go in her place
16:36 Vast524: We didn't see anyone on the red carpet with a laptop though. :)
16:37 Robin: did gila really get invited?
16:37 Vast524: No. We were watching it on teh TV during teh Globex.
16:37 Robin: oh... :)
16:37 Robin: buy LA
16:38 Vast524: Yeah, but we will be looking for shorts yt
Tues. Feb. 24th

07:36 LordAlfa: Robin you there?
07:58 LordAlfa: Good morning Margie
07:58 Margie: Good Morning LA!
07:58 palmer: morning folks
07:58 LordAlfa: My hero palmer
07:58 Margie: hello
07:58 palmer: hero???- You need to stop smoking :)
07:59 LordAlfa: Looking to buy this pig but she is giving mixed signals
07:59 palmer: morning lordalfa
07:59 palmer: no buying for me on this gap up
07:59 LordAlfa: You had 17 pts yesterday. Good win.
07:59 palmer: I will wait
07:59 palmer: no way I am buying a gap up here
08:00 LordAlfa: yep. She wants down and up. The consolidation is narrowing. She can swing either way.
08:02 LordAlfa: If she wants to go down further she needs a retrace of yesterday's bloodbath. If she plunges thoroughly today again, it will be the pits.
08:02 palmer: should consolidate in the morning from that huge day yesterdaty
08:02 palmer: but I rather be short in the morning on a gap up
08:03 LordAlfa: on the 60 min, the 50=63.50, 61.8=69
08:03 LordAlfa: the close yesterday was 43. low was 41.50
08:04 LordAlfa: Hi johntrader. The usual early birds.
08:04 johntrader: good morning LA how are you today?
08:04 LordAlfa: Need some vengence.
08:05 johntrader: I do too....awful day yesterday
08:05 LordAlfa: Customer got their analog PABX shot by lightning. I can recover some yesterday with this sale of an Asterisk PBX.
08:05 palmer: wht happen yesterday LA- trend day down
08:06 Margie: We have had seven days of consecutive lower closes
08:07 LordAlfa: Yeah. Like Vast, PT we were looking for longs. Felt stoopid. Should have just jumped in "sell market" and placed targets on my 5 min fibs.
08:07 palmer: yep I think we might try higher today
08:07 palmer: after we pull in
08:07 LordAlfa: If they want another bearish gartley of butterfly, they need to go up for the setup.
08:09 LordAlfa: You can see consecutive bearish patterns on the 60 min.
08:15 johntrader: I think the market want the november low...737
08:16 LordAlfa: The abc onthe downside 610T, 161.8=39
08:17 LordAlfa: I might sell if she goes under the last low 48.50. But it is not a confirmed down unless she takes out 46.25
08:17 VO: LA look closer at that abc....see the little gartley
08:17 LordAlfa: Difficult decsion.
08:18 LordAlfa: Yeah. Thanks. I see it now.
08:20 VO: would have been perfect scalp on 2584T
08:28 johntrader: morning pt
08:28 Margie: Good morning, PT
08:33 PT: 7:45 ICSC Retail Store Sales
8:55 Redbook
9:00 S&P/Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 Bernanke speaks to Senate Banking Committee
10:00 Richmond Fed's Manufacturing Index
08:35 palmer: who can help me with my mic?
08:36 LordAlfa: What's wrong?
08:36 palmer: ii got one a week ago but I haven't plugged it in
08:36 palmer: anything special I need to do?
08:36 LordAlfa: Plug into the the pink socket
08:37 larryp: http://www.tradingtutor.com/charts/2009-02-24 08-36 DIG D.png
08:37 LordAlfa: Nothing.
08:37 LordAlfa: Might need to tune a little on the sensitivity.
08:37 PT: good morning Larry
08:38 larryp: I WILL COME INTO THE ROMM TOMORROW
08:38 Margie: Larry, I can not see the charts
08:38 larryp: WILL POST AFEW CHARTS TODAY
08:38 VO: thanks Larry...and welcome
08:39 PT: I see the chart Margie
08:39 palmer: I just plugged it in
08:39 palmer: trying it now
08:39 palmer: give me a sec
08:40 Margie: don't know why I cant see it, PT. If you can see it then must be something on my end
08:40 palmer: ok got that
08:41 palmer: anything else
08:41 palmer: great
08:41 VO: margie click on the bar chart button on the right, then click on Larry's link
08:42 palmer: thanks
08:42 palmer: :)
08:42 Margie: beautiful, thanks, VO
08:44 palmer: big red candle on the 15
08:45 LordAlfa: Yep.
08:45 palmer: told you LA- can't long that gap up
08:45 palmer: got to watch for a pullback
08:46 LordAlfa: Yeah. But I'll be buying later.
08:46 palmer: yep
08:52 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2199.png
08:52 Robin: Morning everyone :)
08:52 PT: good morning Robin
08:52 larryp: http://www.tradingtutor.com/charts/2009-02-24 08-52 ES #F 15.png
08:53 Margie: Good Morning, Robin
08:53 VO: hey robin
08:53 LordAlfa: Hi
08:53 Robin: I asked larry to post some es and nq charts... when he gets time
08:55 VO: he has already been posting...you got to get up earlier robin
08:55 Robin: ey Vo.. was up at 5:00 i'll have you know :):)
08:55 larryp: http://www.tradingtutor.com/charts/2009-02-24 08-55 NQ #F 15.png
08:56 PT: early bird catches the worm Robin
08:56 VO: o...you slept in todat:)
09:00 LordAlfa: palmer the big red candle calls for 710?
09:03 palmer: let me look
09:03 palmer: 739.75
09:04 LordAlfa: Made a call at 5min, 5am candle 48.50/46.25 called for 54.50. Missed by 1 tick but made 4.5 pts
09:04 LordAlfa: Run by how you made the calc. I am fine tuning the excel sheet
09:05 LordAlfa: my calc for down projection are not ok.
09:07 jt143: put your mic to the phone
09:09 LordAlfa: 61.8 retrace from 52.75
09:10 prestwickdrive: good
09:10 Margie: I can hear
09:10 Margie: great
09:12 LordAlfa: PT your average stopped them dead.
09:12 Robin: ok... just got off the phone with him and told him that's what we'll do..
09:15 LordAlfa: Quite a lot of bashing through if it wants down.
09:17 LordAlfa: Yeah, going zero and white
09:19 palmer: short 750.50
09:20 PashaLV: Good morning, friends! Noticed, that nice bullish AB=CD completed D= 745.25
09:23 PashaLV: looking to buy after bounce @ 747.50 area
09:24 LordAlfa: Nice call to short palmer
09:26 palmer: nothing much on it yet
09:30 palmer: out +2.5
09:30 LordAlfa: pit open
09:38 PashaLV: not filled L@ 48.25... looking to go long
09:38 VO: 1 @ 50
09:38 VO: stop be
09:40 VO: sstop 49.50
09:41 LordAlfa: L 51.75
09:41 palmer: short 752
09:45 johntrader: L 1 @ 50.50
09:46 VO: offering 54.25
09:47 johntrader: stop 49.75
09:49 LordAlfa: stop 49.50
09:50 VO: stop 50.50
09:50 VO: GO!
09:51 prestwickdrive: cons. confid in 9 min plus start of Bernanke testimony
09:52 LordAlfa: stop 49.75
09:54 LordAlfa: don't feel good. offer BE+1
09:58 LordAlfa: stopped
09:58 PashaLV: buy order @ 48.75
09:59 Vast524: Morning all
09:59 LordAlfa: Hi down under
09:59 PashaLV: Morning Vast
10:00 palmer: out +4
10:00 LordAlfa: News definitely bad
10:01 PashaLV: stopped - 2
10:02 johntrader: scalped 45 to 47 +2
10:04 VO: L 1 @ 46.75
10:05 LordAlfa: L 46
10:06 VO: stopped 45
10:06 LordAlfa: No good. Took their bait. I am hooked. Stopped
10:07 LordAlfa: What da??
10:07 LordAlfa: SOBs stop me at 44.75 and turned!
10:09 PashaLV: buy order @ 46.25
10:11 VO: s @ 47.25
10:13 koolblue: selling 748.00
10:13 Vast524: GM Kool
10:13 PashaLV: Morning Kool
10:13 Margie: hello, Kool'
10:13 LordAlfa: Kooool! GM.
10:14 PashaLV: L@ 46.25
10:15 VO: 1 @ 45.75
10:15 VO: stop be
10:15 VO: flat 44
10:15 PashaLV: stopped.. -2.25 here
10:16 LordAlfa: 127.2 = 42, 54.25/45.25/53.50
10:16 Margie: :)
10:19 LordAlfa: 61.8=46.50
10:22 Margie: 11:26 lo?
10:26 VO: s 1 @ 45.50
10:26 LordAlfa: S 46.50
10:26 LordAlfa: stopped
10:27 VO: add 48
10:29 VO: stopped 49.75
10:30 johntrader: s 1@49.75
10:31 Robin: ok...
10:31 Robin: morning btw :)
10:32 LordAlfa: -1.75
10:32 johntrader: stopped 52.
10:32 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2102.png
10:32 Robin: 5 min projection 55?
10:32 LordAlfa: 53.50
10:39 Robin: did he post it in the room?
10:39 Robin: or via email?
10:40 Robin: yes... we did
10:40 Robin: also 1.27 ext....
10:40 Robin: of range
10:42 Robin: oh...ok...
10:42 Robin: yes
10:42 Robin: just as cheap as IQ :)
10:42 Robin: 50 bucks a month :)
10:43 PT: thanks robin
10:47 Robin: I think we're going to have the opposite of yesterday...
10:48 LordAlfa: 1009 I think
10:49 LordAlfa: This thing is doing like yesterday but in reverse.
10:53 palmer: yep on the 15 min bollinger
10:53 palmer: outside
10:54 Vast524: Do you have the Boll bands live or updating after the candle close? I find it hard to watch it and get a clear +1pt entry as it moves around. Easy backtesting, but a lot harder live
10:57 VO: s 1 @ 54.75
10:57 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2103.png
10:57 Robin: I show 11:10 Kool....
10:58 Robin: pink circle is how I got projection up to 759?
10:58 Robin: but we fell short
10:58 Robin: only hit 2.162
10:58 VO: flat 52.50
10:59 johntrader: bidding 52
11:01 Robin: :)
11:02 Robin: gets your attention :)
11:02 PT: black
11:02 Vast524: Feminine touch
11:02 LordAlfa: pink elephants
11:04 johntrader: bidding 50.50
11:07 VO: s 1 @ 53.50
11:08 LordAlfa: S 54
11:10 LordAlfa: flat 51.75
11:10 LordAlfa: +.5
11:13 LordAlfa: S 53.50
11:13 Margie: yes
11:15 koolblue: selling here
11:16 prestwickdrive: mini cycle high 11:22?
11:17 LordAlfa: stopped 55.50
11:17 prestwickdrive: y
11:17 LordAlfa: -1.50
11:17 prestwickdrive: ok
11:19 prestwickdrive: bigs did not sell much on that retrace from 57-58 area, so far ...
11:20 prestwickdrive: nice ss kb
11:21 VO: flat 53
11:22 palmer: 22 here- mini top
11:24 Margie: well, you are safe
11:26 koolblue: short one from 754.75, out at 785.25...plus 2.5...down 0.5 on the day
11:29 PashaLV: L@ 53.50
11:32 PashaLV: stopped..
11:32 VO: L 1 @ 50.75
11:35 akola: h&S pattern on 1 min chart?
11:35 LordAlfa: VO are you seeing what I am seeing? A bullish pattern?
11:35 Vast524: Well done. Just got off the floor from the shock of it being confirmed. lol
11:35 LordAlfa: L 51
11:36 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2104.png
11:36 VO: flat 52.50
11:36 Robin: 7 waves down on that
11:36 Robin: 233 tick chart
11:36 Margie: Kool thanks
11:37 LordAlfa: LOL
11:37 Robin: :)
11:37 Margie: :)
11:37 Margie: Kool you said you were gonna one tick your proj from now
11:40 Vast524: You need one of those stress balls to punch Kool?! lol
11:41 Vast524: lol
11:42 Margie: Yeah, but im flat already
11:42 LordAlfa: Using a Big ABC.
11:42 LordAlfa: 100=64.75
11:42 Vast524: Congrats Margie. Goot trading today. You've been waiting for your signals. Keep up the good work.
11:43 LordAlfa: 61.8 ext = 59.25
11:44 LordAlfa: Just riding it up.
11:44 Margie: thanks Vast
11:44 Margie: goget em LA
11:44 LordAlfa: The averages are just a pain to bash thru. Just banging in there in pinball.
11:45 LordAlfa: vengence!!
11:47 LordAlfa: your 50.50
11:48 LordAlfa: stopped!
11:48 VO: L 1 @ 49.25
11:48 LordAlfa: Lousy!
11:50 Robin: i'm with you guys at 48.50
11:51 LordAlfa: L 49
11:51 johntrader: L 1@48.5
11:52 VO: flat 48.50
11:55 johntrader: flat 750
11:56 LordAlfa: flat. no fill on target. BE+1
11:58 VO: s 1 @ 49
11:58 johntrader: asking 49.75
11:59 Robin: thanks :)
11:59 LordAlfa: Rough today. Projection is better when I am in Globex.
12:01 johntrader: s 1@49.75
12:02 prestwickdrive: ty
12:02 LordAlfa: L 50.25
12:06 PashaLV: S @ 751
12:06 johntrader: bad stop out 51.75
12:06 PashaLV: target 47.75
12:09 koolblue: long at 749.00
12:11 PashaLV: out @ 48.. + 3 here - 3 for the day
12:11 VO: stop be
12:12 LordAlfa: stopped and reverse S 47.75
12:16 VO: stop 48.50
12:16 koolblue: stopped at 748 ..2 point loss(had 2 es) now down 2.5...sigh looking to sell higher?
12:18 VO: flat 48.50
12:25 LordAlfa: Doing lousy
12:30 LordAlfa: stopped
12:32 koolblue: short from 750.25
12:32 johntrader: s2@49.5
12:32 Vast524: 754.75 I have for the 15min. Could that be right. Low of 746.25 high of 749.50
12:33 Vast524: ok
12:34 Vast524: Thanks
12:36 johntrader: stopped -6 on day
12:37 LordAlfa: johntrader. Looks like these 2 days are bad for us.
12:38 LordAlfa: Once of those things like yesterday that prevents us from entering the trade.
12:38 koolblue: stopped at 752.50..loss of 2 ..now down 4.5
12:38 johntrader: very ugly LA
12:38 LordAlfa: If this retraces to at least 750, there is a setup
12:38 Vast524: 2.618 projectin of teh low of 746.25 to 749.25 (5 candles later on the 1 min chart) =754
12:39 LordAlfa: There is at least a higher since 1204
12:39 johntrader: yeah that breakout puts the upside back in play for me
12:40 LordAlfa: 54 ema at 50
12:40 johntrader: gonna get some lunch
12:45 Vast524: Sorry. Did you ask me something
12:46 Vast524: Oh. Getting something to eat. 3:45am here. Seems odd going to the fridge at this time of the mrning
12:47 Vast524: Thanks.
12:47 LordAlfa: Its not allowing us to get in again.
12:47 Vast524: Shame I didn't put my money where "my fingers typed"
12:47 Vast524: lol
12:50 Vast524: thanks
12:50 koolblue: selling here
12:51 koolblue: (for a scalp)
12:51 Vast524: But do I have the conviction to enter short. Or will this go onto the 761 area you spoke about?
12:52 koolblue: short 2@754.50
12:53 Vast524: I agree
12:54 koolblue: out one at 753.50
12:55 koolblue: plus one...down 3.5 and ho;ding the other
12:55 koolblue: stop at 755.50
12:56 VO: s 1 @ 53.50
12:58 LordAlfa: There is a divergence on 5 min
12:59 LordAlfa: No. Seen something else
12:59 LordAlfa: Sorry.
13:04 palmer: short 754
13:04 koolblue: gave up ... out at 754.25...one tick
13:05 koolblue: down 3.25
13:05 VO: stopped 55.25
13:07 PashaLV: S 755
13:09 PashaLV: target 752
13:10 koolblue: long 2 from 754.25...3 point stop
13:12 jt143: lol
13:14 PashaLV: out @ 752 +3 here
13:15 palmer: cover +2.50
13:16 LordAlfa: L 52.25
13:18 PashaLV: wow.. I covered my 6 points loss for the day!
13:22 VO: s 1 @ 55.25
13:23 LordAlfa: flat 55.50
13:23 prestwickdrive: bigs +42k
13:24 prestwickdrive: +49k
13:24 VO: add 59.25
13:25 PashaLV: Nice trade, LA
13:25 larryp: http://www.tradingtutor.com/charts/2009-02-24 13-25 ES #F 15.png
13:25 palmer: u adding short VO
13:25 prestwickdrive: +53k
13:25 LordAlfa: Chart posted.
13:27 Vast524: Well here is our 61 level Kool
13:27 VO: add 60
13:27 LordAlfa: S 60.50
13:27 koolblue: out my long at 758.50...up4.25 on each es!!!! now up 5.25 on the day
13:29 LordAlfa: Stil (-)ve Pasha
13:30 icepick: was going to mention - but didnt want to be a wet blanket
13:30 koolblue: correction ...down 9.25 on the day
13:30 LordAlfa: Join me -8
13:31 PashaLV: 762.50 15 min. projection
13:31 Vast524: I thought that, but then I thought you may have changed your stops. Didn't want to say anything. Sorry
13:31 PashaLV: sorry 761,75
13:32 LordAlfa: stopped.
13:32 Vast524: Doh
13:32 LordAlfa: -10
13:34 LordAlfa: 127.2 at 63.25
13:34 LordAlfa: 161.8 at 786.50
13:35 prestwickdrive: bigs +64k
13:39 Vast524: How are you going VO. I am feeling for you
13:40 LordAlfa: I thin he in for the long haul move.
13:40 Vast524: It should go down a bit you would think. But it doesn't want to play ball.
13:40 LordAlfa: 3 tops. It wants 66.50
13:44 koolblue: stopped at 763.50 loss of 2.5 on 2 es..now down 12.75...sigh
13:44 LordAlfa: S 61.75
13:44 Robin: short from 63.25
13:47 Robin: out at 61
13:48 Robin: thanks
13:48 Vast524: Robin, I think Larry was in here before, He posted a link to a chart, but I couldn't get it to load.
13:48 Robin: yes.. it was a 15 min es
13:48 Robin: mine loaded
13:49 Robin: did you try and click again?
13:49 LordAlfa: double click the link
13:49 Margie: Vast hit the chart button at top and then the link
13:50 Vast524: thanks
13:50 Robin: have an apt... bbl.... take care everyone :)
13:51 LordAlfa: stopped
13:51 LordAlfa: bad entry
13:51 Margie: bye rOBIN
13:52 PashaLV: SY robin
13:55 koolblue: short 2@ 763.25...
13:56 prestwickdrive: bigs +71k
13:58 palmer: peak to get out???
13:59 koolblue: out at 863.50..loss of 2 ticks
13:59 koolblue: 763.50
13:59 LordAlfa: This is the 50% retrace of yesterday;s downleg
14:00 prestwickdrive: singles 66.25-69.25
14:04 LordAlfa: 60 min chart posted. Should have seen this coming.
14:07 Robin: Interestingly, the last
time there was HUGE tick reading was off
the lows last March 17....that was last time
Ticks were at this level
14:07 Robin: back for a moment... just read this
14:07 Robin: tick highs 1564...
14:07 Robin: what I have
14:10 Robin: Kool... you said you have 1 losing day a month... this is it....
14:10 palmer: tomorrow is new day
14:10 LordAlfa: After those massive wins the last week. They want payback.
14:10 Robin: rest of the month big winners :)
14:11 Vast524: Maybe walk away Kool. Take a break. Come back with a clear head. You still have time to get it back if you want. Do what you feel is best though.
14:14 LordAlfa: We fight another day kool. I am looking for 1 last pattern downside and make 1 more trade.
14:15 Robin: ticks above 1000 again... think we'll move up for you now kool
14:17 LordAlfa: 161.8 hit
14:17 LordAlfa: 205.8 is 70.75
14:19 prestwickdrive: bigs +78k
14:22 koolblue: selling 769.50
14:22 Margie: I get 2:36 as mini hi
14:22 koolblue: 2 this time!
14:23 Margie: Kool, go get em
14:28 Vast524: PWD. What are the bigs up too please
14:28 prestwickdrive: +82k
14:29 LordAlfa: 5min could be the 7th wave trend kill.
14:29 Vast524: Thanks.
14:35 koolblue: bought 2@765.75 covered one at 767.00, the other at 767.50...plus 3 total...now down 10
14:37 PashaLV: L@ 66.75
14:39 PashaLV: out @ 68.25
14:44 LordAlfa: S 66.75
14:45 koolblue: sold 766.50,exit at 764.75(one only) plus 1.75 now down 8.25
14:47 palmer: so we should rally for a couple of days??
14:48 PashaLV: L@ 65.75
14:48 koolblue: yes Palmer
14:48 johntrader: L 1@65.75
14:49 LordAlfa: flat be+1
14:53 LordAlfa: quits for today. Fight tomorrow.
14:54 LordAlfa: Need sleep. See ya.
14:54 prestwickdrive: sleep well la
14:54 Margie: bye LA
14:54 johntrader: bye LA
14:57 palmer: 773.25
14:58 PashaLV: see you, LA
15:00 PashaLV: jumped out @ 68.25.. +2.5 here
15:00 johntrader: out 67.75 +2
15:04 prestwickdrive: singles 66.25-69.25 filled. next higher 71.75-78.0
15:04 Vast524: If we are over NYSE$1000 todaythen we could get a retrace in a few days
15:06 PashaLV: i'm expect rebounce from 771 area
15:12 Vast524: Which candles did you use onthe 15min to get the 772 are please. 13:30 gives around 778
15:13 prestwickdrive: bigs +91k
15:13 Vast524: I meant the 13:30 candle. Am I measuring from the incorrect spot?
15:14 koolblue: short a couple at 773.00
15:16 Vast524: I got stopped at 774
15:25 johntrader: s 1@72.75, tried 74.75, not taken
15:28 PashaLV: 774.50 = Fib. R1
15:34 koolblue: out one at 770.50..plus 2.5
15:34 koolblue: now down 5.75
15:36 koolblue: out the other at 769.50...plus 3.5...now down just 1.75!!!!!!
15:36 VO: Flat 69 for be
15:37 icepick: it will definately go up
15:37 icepick: or down
15:38 Vast524: Buy this pig
15:38 Vast524: VO is done now on his short
15:38 Vast524: Market can go up now. We had to wait for him exit.
15:39 PashaLV: I'm finished for today with 4,5 points up.. See you tomorrow !
15:40 prestwickdrive: bye Pasha
15:41 Margie: have a good night
15:42 VO: s 1 @ 71.25
15:43 JackS65: Have a great evening everyone..
15:43 VO: stop 73.50
15:44 prestwickdrive: bye Jack
15:45 palmer: what is pt average
15:45 prestwickdrive: 100 ema on 1 min
15:46 VO: stop be
15:46 VO: flat
15:48 Margie: Kool, be cool :)
15:49 prestwickdrive: bigs +96k
15:49 VO: L 1 @ 72.25
15:49 VO: stop 71.25
15:52 VO: flat
15:53 palmer: can I ask you a qeustion Kool
15:54 palmer: you said your 45 day cycle
15:54 palmer: where do you have info on that
15:54 koolblue: sold 773 bought 772 ....breakeven!!!! my day is saved!!!!!
15:54 prestwickdrive: bigs +100k
15:54 prestwickdrive: 102k
15:57 Margie: gotta run, have a great evening
15:57 Margie: cya, tomorrow
15:57 Margie: thks Kool, PT
15:57 Vast524: Well done, Margie. Cya
15:57 Margie: yes, trying to keep it up
15:57 prestwickdrive: great job!
15:58 Margie: thanks everyone
15:58 Margie: todays another day
15:58 Vast524: Now go down to the Bellagio and put it on Black7
15:58 Margie: tomoroows another day
15:58 Vast524: lol
15:58 Margie: lol
15:58 Margie: I love the watewr show at Bellagio
15:58 Margie: water...awesome
15:59 Margie: water moves to the sound of music, check it on online
16:00 Margie: hell
16:00 Margie: did you see the volcano?
16:00 prestwickdrive: bigs +94k
16:00 Vast524: No.
16:00 Margie: ok, gotta run
16:00 Vast524: Cya
16:00 johntrader: congrats kool
16:00 prestwickdrive: dont forget to tip
16:01 palmer: will be interesting to see the closing ticks
16:01 Vast524: Well I'm up 5.25 today.
16:01 prestwickdrive: +535 ticks now
16:02 prestwickdrive: +773 now
16:02 prestwickdrive: +835
16:03 prestwickdrive: +903
16:03 prestwickdrive: +981
16:03 prestwickdrive: +1009
16:04 prestwickdrive: +1043
16:07 prestwickdrive: +1209 now. they close in 2 min
16:07 palmer: prest- that was the closing value
16:08 prestwickdrive: +1225 now
16:09 prestwickdrive: they close at 9 minutes after the hour
16:09 palmer: ok wow
16:09 palmer: so we over +1000
16:09 prestwickdrive: +1227 on Reuters
Monday, March 9th

07:21 LordAlfa: Hi Palmer
07:21 LordAlfa: Hi all traders.
07:22 palmer: Hi LA
07:23 palmer: just having my morning tea
07:23 LordAlfa: Well. traded on Euro opening. Ugly Deadly 15.
07:24 palmer: I haven't even looked at anythign yet
07:24 LordAlfa: Only MSD and Schering merger boosted it little
07:24 palmer: u sing that 3:15 candle for your 15
07:24 LordAlfa: current 5 min from 0540 and 0715 projects 83-84
07:25 LordAlfa: Yes. 0315 DST
07:25 LordAlfa: 1 hr ahead. skrood up time
07:26 LordAlfa: I am still using the EST time. Let me adjust forward.
07:26 palmer: I jus noticed my ninja time has not gone 1 hour forward yet
07:26 palmer: so that is really 4:15 candle
07:26 LordAlfa: Same here. I think it is windows.
07:26 LordAlfa: Ninja uses the time from Windows.
07:26 palmer: hmm
07:26 palmer: my computer has the right time though
07:27 LordAlfa: What time? 0724?
07:27 palmer: yep
07:27 LordAlfa: Huh? My ninja on 1 min currently 0726
07:28 LordAlfa: I think we will mee 83-84 area first by the looks of it. I have a flight tomorrow. +13.25 now. tired last week. trded badly.
07:30 LordAlfa: ABC from the bottom 670.25, 679.75 673.50 has 100% at 83.50. All seems coming together.
07:30 palmer: llet me reboot my compuet LA
07:30 palmer: see if that solved the time
07:31 LordAlfa: ok.
07:34 palmer: hmm didn't help
07:36 LordAlfa: double clik the time on the bottom right.
07:36 LordAlfa: Internet Time tab
07:36 LordAlfa: update now.
07:36 palmer: I did that
07:36 LordAlfa: did you do automatic sync
07:36 palmer: but when I restarted ninja it didn't take in the charts
07:36 palmer: so I rebooted
07:36 palmer: but it is same
07:37 LordAlfa: Call Ninja
07:44 LordAlfa: OK. As long as you guys have Windows Media Player, you can get Bloomberg Streams on this web link.
07:44 LordAlfa: http://www.bloomberg.com/streams/video/LiveBTV200.asxx
07:56 palmer: next push up should be 7 waves on the 1 min LA
08:01 LordAlfa: Looks like it. It made higher lows and higher highers on the 5min. Hope it gets to 84 level for the short.
08:01 palmer: diving though
08:01 palmer: :)
08:01 LordAlfa: looks like only 2 wave up on 5 min
08:02 palmer: I guess we will see very soon
08:02 LordAlfa: Did you call Ninja
08:02 palmer: not yet
08:02 LordAlfa: Caught below PTs avg and Kools avg
08:04 LordAlfa: MSD buys Schering for 41.1B
08:06 LordAlfa: On hindsight, as long as 673.50 is not taken out, upside is still possible to 84
08:07 LordAlfa: sorry 74.50
08:07 palmer: that 74 area is line in the sand
08:07 palmer: very important to hold
08:07 palmer: in my opinion
08:07 LordAlfa: Yes. we still have only 2 waves up on 5 min
08:08 LordAlfa: Looks complicated in medication. J&J may bid for Schering
08:09 LordAlfa: We have 7-8 waves down on 5 min.
08:10 LordAlfa: Alan Greenberg interviewed Bloomberg
08:29 Bary: palmer, r u still having trouble w/ninja, I am now
08:30 LordAlfa: Weak market. I think failed to go higher.
08:32 LordAlfa: Its gonna retest 665.75 the 3rd time and this time its gonna break it.
08:32 LordAlfa: 2 wave up on 5 min 2 wave up on 15 min
08:34 palmer: I sent them an email LA
08:34 palmer: I have to leave the house for a few
08:36 LordAlfa: Better to call. See you later
08:37 LordAlfa: Did I see a gap on the 1min?
08:38 parson: I see it.
08:48 LordAlfa: GM is at 1.45!!
09:01 Bary: reboot puter, ninja good
09:13 Bary: anyone hear from Vast? did he do ok during the storm
09:23 PashaLV: Morning friends !
09:24 Margie: Good morning!
09:24 LordAlfa: Hi
09:24 Bary: gm
09:25 LordAlfa: Banks in europe gotten beaten badly
09:25 Margie: I blame Vast
09:25 Margie: :)
09:25 LordAlfa: entry 85 - out 75.75
09:26 Margie: good job LA
09:28 LordAlfa: South China Sea. Clear waters
09:33 LordAlfa: 665.75
09:34 LordAlfa: I have 2 projection on the 15 min. 684.75 and 686.00
09:35 LordAlfa: noticed they hit the 100% on the down abc and bounced.
09:37 LordAlfa: L 77.50
09:37 VO: L @ 77.50
09:37 VO: stop 75
09:38 LordAlfa: Nice projection up on the 5 min
09:41 LordAlfa: Stop BE +1
09:45 VO: 1 @ 82.50
09:45 PashaLV: sell order @ 84.75
09:46 LordAlfa: stop 87.25
09:49 VO: stop 80.50
09:49 LordAlfa: Yep
09:50 VO: 1 @ 84.25
09:51 LordAlfa: Still riding
09:51 einstein: I have 85.5 as 5 min projection just met any comments?
09:52 LordAlfa: stop 83.50
09:54 einstein: I have 695.25
09:55 LordAlfa: I have 97.25
09:55 prestwickdrive: uva 85.0
09:55 einstein: I used the entire move from 545
09:56 einstein: the high was 680.75 on 615 candle
09:56 PashaLV: add s@ 88.50
09:59 einstein: pt did u short because of globex high or something else
10:00 einstein: I min jprojectin 64.25
10:01 jt143: bigs were diverging into the prev high fwiw
10:02 LordAlfa: stopped.
10:02 einstein: nice trade VO
10:02 VO: stopped 84
10:03 einstein: that 1 min projection was 83.25
10:03 LordAlfa: +19.25. Call it quits. I have a flight at 5am. I'll keep you guys company until I sleep in 2 hours.
10:04 LordAlfa: I hate it that they stop me at 83.50 and turn up. Bastards!!!
10:05 LordAlfa: I hate them
10:07 Bary: 38.2 ret was 83.25, s1 @83
10:12 Bary: 15m from 3 bars is 97
10:13 Bary: 5:45- 6;15
10:13 einstein: I used the low of 671 to high of 680.50 on 615 candle which gives a projection of 695.25 fwiw
10:14 einstein: 15 min chart
10:14 LordAlfa: 80.75. It gives. 97
10:15 LordAlfa: Big bar 0945 open gives 97.25
10:15 einstein: checking
10:15 Bary: yes on ninja
10:15 Bary: 4 bars
10:17 Ugo75: What future are you employing?
10:20 Bary: what do you mean? 161.8 fib?
10:21 Bary: 4 bar price projection
10:22 Ugo75: are you employing index or march future or june future?
10:23 Bary: esh9 or es3 09
10:30 einstein: 1 min projectin of entire move is around 687
10:31 einstein: PT did u short becuz globex high?
10:32 einstein: now I see an abc up there in retrospect
10:35 Vast524: l @690.50
10:35 Vast524: I am trading from my raft
10:35 Vast524: lol
10:36 Bary: glad u made it
10:36 Vast524: Got the Sat phone going. lol Not bad. Bit hard to see at 12"30am
10:36 Vast524: Stopped
10:38 Margie: PT, good one
10:38 einstein: great trade PT
10:40 einstein: 15 min proje down is 681ish
10:40 einstein: yes
10:40 LordAlfa: 82
10:40 LordAlfa: 81.75 to be exact
10:45 Vast524: Yes we hope so. The storm surge was the next worry. At one stage there it was predicted to be 12"
10:45 einstein: gm Kool
10:45 Vast524: We are being protected by Fraser Island.
10:47 Bary: missed it
10:48 Bary: damn
10:48 Vast524: Currently blowing SE. About 15-25 knots
10:48 Bary: y
10:50 Bary: is this an abc from73.75/94.75/85.25 or does it have to ret. more?
10:51 Vast524: s @688.50
10:52 Vast524: 684.25 1st target
10:53 Bary: that sux
10:53 koolblue: 15 min deadly was 693.75-696.00....achieved....
10:53 koolblue: now signalling 681.00
10:54 Bary: why did you short, 3/9 cross?
10:54 Vast524: Not sure to use the smaller ABC or the BIgger ABC?
10:54 koolblue: unless 694.75 is touched again
10:55 koolblue: going below 674 was a very bearish devolpment ,however... keep that in mind!
10:55 PashaLV: L@ 86.50 stop@ 85.75 target 91.50
10:55 koolblue: the hourly proj down remains in effect
10:58 PashaLV: out be
11:01 palmer: 681? ddeadly
11:01 Margie: 681.25 I have as 15 min deadly
11:01 einstein: thats what I have palmer one bar projection
11:02 Vast524: Well I got out at BE with that. Didn't trade the plan and got hurt. Didn't wait to move the stop to BE until the B point met. Silly
11:04 einstein: mini hi around 1104?
11:04 koolblue: sold (one only) on the 15 min gimme, at 693.75, covered 3 points later..up 5.25 on the day
11:04 einstein: looking to short 1 min bollinger average
11:05 koolblue: thx to 2.25 from globex last nite
11:05 akola: H&S pattern on 1 min chart
11:05 einstein: s 86.25
11:06 LordAlfa: Good entry einstein
11:06 akola: I got 5 pts on nq but I didnt took it
11:06 akola: damm
11:07 einstein: got out +1.25 need to leave screen for a bit
11:07 einstein: damn should have held
11:07 gila1: obama speakinh in 40 min get ready to short lol
11:08 akola: this time market goes higher
11:10 gila1: hes supposedly speaking on stem cells
11:11 einstein: that confluence of 100ema and bollinger average was a great sell spot- got out way too soon
11:11 koolblue: told where the deadly was!
11:11 einstein: you long Kool?
11:12 koolblue: tried for 681.75...too slow!
11:13 einstein: with your experience you obviously have a lot of faith in the 15 min deadly- I still seem to need some proof of bullishness such as a 123
11:14 einstein: 1 min proj 86.5 fwiw
11:15 einstein: may not get there with this bearish trend
11:16 einstein: mini high around 1117
11:17 einstein: leaving for a few min
11:21 VO: s @ 83.75
11:21 Bary: is the 15m deadly 697 still valid
11:21 VO: stop 85.25
11:21 Vast524: s @ 83.5 Target 679.25
11:22 Vast524: Cya LA
11:23 Bary: have a good holiday
11:23 Margie: tks La
11:23 Margie: enjoy
11:23 LordAlfa: Thanks and bye.
11:23 Vast524: So BE
11:23 VO: stop be
11:25 koolblue: s one at 683.00
11:25 Vast524: flat
11:26 einstein: Ok off to do some errands hopefully back this afternoon good luck all
11:26 VO: flat
11:30 Vast524: bye kool.
11:30 Bary: cya kool
11:31 Vast524: 7 wqaves down as well.
11:32 Vast524: sorry. Waves
11:32 PashaLV: s@85.25
11:43 Bary: is this a valid abc on the 5m and 15m
11:47 Vast524: l @ 85
11:47 Vast524: 87 target
11:52 myptofvu: The Obamanator
11:53 gila1: someone should tell him to get off tv forever
11:53 icepick: the "Obamafactor" - you could probably make a movie out that pt :)
11:53 jt143: gila I have, doesnt seem to be working
11:54 icepick: either that or he could come on fox news after O'Reilly
11:55 Vast524: flat for me.
11:55 gila1: or he can go on at 3am
11:55 PT: what's Obama talking about ?
11:56 icepick: yeah - kill the markets right from the start of the day
11:56 Margie: stem cell research
11:56 Margie: yeah
11:56 Margie: I have it on mute, and read the subtitles
11:56 prestwickdrive: embryonic stem cell research
11:56 jt143: he wants to build an army of orakei
11:57 Haku: is that a pork plan?
11:57 parson: doesm't he have enough to do, already?
11:57 VO: short @ 86.25...stopped @ 83.50
11:57 gila1: -700 ticks
11:58 icepick: he's honing his "deflection" skills
11:58 palmer: I am short
11:58 icepick: wish I was
12:01 Margie: donenow
12:01 Margie: finished talking
12:09 gila1: dry shipping index strong today gold down 16 923.2 oil up
12:24 jt143: small buying big flat to sell
12:25 prestwickdrive: ty
12:25 jt143: bigs overall are sellers, about -12k
12:26 prestwickdrive: I have bigs net flat now so the 100+lot size bigs must be the difference
12:27 prestwickdrive: pit session
12:28 PashaLV: looking to sell 91.75-93 area
12:29 Vast524: 7 waves again I think to the up
12:29 jt143: guy on cnbc talking about s/p to 633-650 areas fwiw
12:31 jt143: yeah, some old guy, lol
12:32 jt143: lol
12:32 Margie: I think I can see alittle of the bag
12:39 prestwickdrive: dva 82-89.75, dpoc 85.0
12:39 prestwickdrive: TRIN now .39
12:48 kittste: Hi guys. New kid here. Mind if I sit at the back of the room and try and learn a thing or two?
12:48 icepick: welcome
12:52 VO: kittste are u on mumble?
12:52 kittste: I had tried to set it up, but I guess I is not working for me :(
12:53 VO: ok...perhaps PT can get u going when market closes
12:53 VO: regardless...welcome
12:53 PT: http://www.mypivots.com/forum/topic.asp?TOPIC_ID=3783
13:02 VO: s @ 82.25
13:03 VO: 1 @ 80.50
13:03 VO: try for deadly
13:06 PashaLV: L@81
13:08 PashaLV: stopped
13:09 VO: stop be
13:13 VO: flat 77..50
13:14 Vast524: great trade
13:20 prestwickdrive: 80% rule in effect to 68.5 fwiw
13:26 VO: s @ 77.50
13:27 jt143: gotta get those stops at 70 and below
13:27 prestwickdrive: ib low 74.25
13:28 VO: flat be
13:34 jt143: kool's daily range gives us 60-64 if highs are in fwiw
13:35 einstein: back
13:35 einstein: fwiw my 15 min projection is is 660- any comments welcome
13:37 einstein: pausing at 78% of last major bullish move
13:37 Margie: poc 675
13:37 prestwickdrive: 84.25 here
13:37 jt143: 84.75 tpos, 86.25 for volume
13:38 jt143: we're building acceptnce at last wks low value
13:38 prestwickdrive: ldva 79.75 here
13:39 einstein: 1 min proj 82.75
13:41 einstein: s 79.25
13:42 einstein: yes
13:42 einstein: out +1 at boll average
13:43 einstein: back in a bit
13:56 PashaLV: S@ 81
14:01 jt143: big and smalls been buying since 76 low
14:03 VO: l @ 80.25
14:04 VO: stop be
14:06 VO: 1 @ 82.50
14:08 palmer: is today last day of es march>??
14:08 VO: stop 81
14:09 PashaLV: add s@ 83.50
14:11 jt143: from a bullish perspective, shorts at their best today were only able to take back 20% of the total net longs from the move eod friday
14:11 jt143: speaking in terms of volume of course
14:14 VO: flat 83.25
14:17 PT: banged their head on that dpoc
14:19 VO: s 1 @ 82
14:20 Ugo75: koolblue: are you short?
14:21 koolblue: now I am
14:21 koolblue: from 682.25
14:21 Ugo75: what the target?
14:22 koolblue: around 669-70
14:22 Ugo75: and the stop?
14:22 koolblue: initially...680.00
14:22 einstein: 80.25 1 min chart projection minimum
14:23 Ugo75: thanks
14:23 einstein: is the 669 target off the 5 min chart Kool?
14:25 koolblue: yes also the 15.min deadly
14:25 koolblue: actual proj is 671.25
14:26 einstein: which candle on the 15 min?
14:26 einstein: 1415
14:26 einstein: great trade
14:26 koolblue: out at 679.25
14:27 koolblue: ..plus 3 there...now up 7.25
14:27 VO: stop 81.50
14:29 einstein: 1030 and 1045 candles on the 15 min give projectin 670ish
14:29 prestwickdrive: ldva now 78.25
14:30 koolblue: 15 min is a 2 candle proj. from the high at 694.75 to the next candle low at 685.25
14:30 koolblue: proj is 669.88
14:31 einstein: OK yes those are the 2 candles I posted, thnx Kool
14:31 koolblue: I misspoke earlier about 71.25
14:32 einstein: I noticed when market turned up at 1330 the projection off the 1330 candle was684 which was hit and then we headed back down
14:32 PashaLV: covered 1 @ 79
14:32 koolblue: selling 681.75
14:34 VO: stop 81
14:39 jt143: this
14:40 Vast524: on top of the pivot calculations page
14:40 icepick: i'm glad the ides of march is on sunday
14:40 PashaLV: up 6.25 and still holding 1
14:41 Haku: any projections for tomorrow?
14:42 PashaLV: flat.. up 11.25 for the day
14:42 koolblue: projections dont work that way ,Haku
14:42 Haku: awww
14:43 koolblue: cycles however do
14:43 trader999: Larry mentioned possible rally 3/4-3/7(significant), Looks to be negated?
14:43 Haku: oh, okay...
14:45 jt143: big -10k, small 11k and coppy
14:45 VO: stop 80
14:46 trader999: thanks kool
14:47 jt143: mine is coming from openecry
14:47 jt143: yeah
14:48 jt143: its about as good as ninja
14:50 VO: flat 80
14:52 koolblue: ill sell 682.25(again)
14:54 einstein: filled at 682
14:55 einstein: out +1.5
14:56 koolblue: order cancelled...hit me but no fill
14:56 einstein: what broker do u use Kool?
14:58 koolblue: in the process of switching to mirus
15:00 einstein: reshorted for another +1
15:01 einstein: 1 min projectin 2 bars says 7.75
15:01 einstein: 77.75
15:04 koolblue: short one from 679.50
15:04 einstein: needs to break those averages for you Kool
15:07 einstein: its working for you Kool
15:07 einstein: drop you pig!
15:08 einstein: futures gods co-operating
15:08 prestwickdrive: 68.5 lva for 80%
15:09 koolblue: out at 677.25...plus 2.25
15:09 koolblue: up 9.50
15:10 einstein: mini low in 1 minute or so
15:19 PashaLV: order to buy @ 670.25
15:23 PashaLV: ty kool!
15:24 einstein: Kool having trouble hearing you
15:25 Haku: who did you say?
15:25 Haku: oh, okay....
15:28 TraderX: hi, what r u using for voice here? echat , ventrilo ?
15:28 koolblue: mumble
15:30 koolblue: selling the 676.00-676.75 area
15:30 PT: Trader X: the info on what we are using is in the bulletin
15:30 PT: if you click the bulletin button
15:31 VO: stop be
15:31 koolblue: short one from 676.25
15:32 koolblue: bingo...out at 674.50
15:33 koolblue: plus 1.75...up 11.25
15:33 einstein: nice trade KB
15:33 TraderX: tks PT
15:33 PT: X: just PM me if you need help
15:33 einstein: saw it caught 1.5
15:34 einstein: got out at boll average
15:34 einstein: missed the 15 min projectin by about 8 ticks
15:35 einstein: right. forgot about that duh!
15:35 einstein: Homer Simpson moment
15:35 kittste: I seem to have managed to get Mumble working for me :)
15:36 PT: good kitt
15:37 kittste: Yes I can
15:38 einstein: owe it all to you Kool- but I am going at it slowly
15:38 einstein: also I dont trade everyday- usually only in morning
15:39 einstein: need to thank VO and PT as well
15:42 icepick: kool, summertime= light volume, have u noticed any difference in ur signals, as in their effectiveness
15:47 icepick: thks, and yes ur right, and why I asked!
15:51 Vast524: Thanks Kool. Cya
15:51 Bary: thx kool
15:51 einstein: thanks kool
15:51 Margie: Kool, great day, take care
15:51 icepick: cya kool,
15:51 PashaLV: Buy order @ 69.50
15:52 PashaLV: see you, kool !
15:57 palmer: bye gang
15:57 palmer: see you tomorrow
15:57 Haku: bye
15:57 PashaLV: L@ 74 target 78.25
15:58 PashaLV: sorry 74.75
16:04 Vast524: No.
16:04 PashaLV: flat -1 here
16:04 Vast524: High tide is at 8:00 am (2 hrs from now.) Will see what happens. Could be 3 feet
16:05 Vast524: Too early on the sell ABC. Got stopped there
16:06 Vast524: Don't know.
16:07 Vast524: Not me
16:07 Vast524: 12:15 sell was also ok
16:09 Vast524: Had good entry, and went 3 handles, but then retraced to BE.
16:09 Vast524: Happened at least 3 times today
16:11 Vast524: 2
16:11 Vast524: 1st is 100%. Weren't met at all today
16:11 Vast524: For me anyway.
16:13 Vast524: thats right
16:14 Vast524: Will try again tomoorow if I am still here and not washed/blown away. lol
16:15 Vast524: 6:00am here now
16:15 Margie: no Forrest gimp, shrimping
16:15 Margie: Gumo, sorry
16:15 Margie: Gump
16:15 Bary: thx all, cu tomorrow
16:16 Vast524: I think Forest Gimp is from one of those other movies. lol
16:16 Margie: im dying
16:16 Margie: need to hire typist
16:18 PashaLV: ok, what's going on?
16:18 Margie: that would be good
16:19 Haku: speech "dragon"
16:19 PashaLV: Oh, ok... summer time in USA??
16:23 PashaLV: Latvia..
16:23 PashaLV: Snowfall today
16:24 PashaLV: Mirus
16:25 PashaLV: Yes, I used TS, but Ninja is MORE fast
16:27 Margie: Everyone, enjoy your evening,
16:27 Margie: Good Night
16:27 PashaLV: Have a nice evening, Margie )
16:52 PashaLV: See you tomorrow friends!
17:21 johntrader: gn anyone
19:18 stb: cu PT
19:18 PT: thx stb