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Ken-ST Moderator: yes, sorry about that

RoGeRj Ken James - anything new - couldnt log in for 15 min.

BRUNO3 GET NEW SERVERS !!!!!

Cale okay....

Cale Get new Something

sully off for 20 mins

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jg I'M   BACK>>> we ha d a situation?   IT looks o.k now?

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James-ST Moderator: [img id=em-4]

steveg hahahaha

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steveg not funny really

bigb bear just made another 100k

Ken-ST Moderator: its ok

Ken-ST Moderator: now

James-ST Moderator: Not the market is breaking down to new lows for the year.

Ken-ST Moderator: sorry gang

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James-ST Moderator: note

Ken-ST Moderator: really, nothing triggered

Ken-ST Moderator: XLNX only open position

Ken-ST Moderator: still in trend

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Cale and now you will close everthing for LUNCH

James-ST Moderator: lmao cale

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James-ST Moderator: well, you can work out some more

James-ST Moderator: do some deadlifts for me today

jy so there's a problem with the chat room.

James-ST Moderator: yes, server host

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James-ST Moderator: [b]Welcome back everyone, we apologize for the server crash.[/b]

James-ST Moderator: There were no triggers.

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Cale [b]has endtered DayTrading Chat and Hopes to stay for a bit[/b]

James-ST Moderator: [b]CANCEL FURTHER TRIGGERS, LUNCH / TURN TIME[/b]

James-ST Moderator: Questions or comments gang?

Cale BBBBBBOOOOOOOOOOOOOOOOOOOOOOOOOooo

James-ST Moderator: lmao

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Cale tell them not to eat lunch, the can all eat when they are dead

jg o.k. guys see you this p.m...

James-ST Moderator: wb, cbat, alex, goldy, jb, jeff, limey, yun jy, joe.

James-ST Moderator: ok jg

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jeff how often do you have server issues?

alex ty

JR what tax reporting software are folks using?  I tried to feed Schwab to Turbotax and its not working.

James-ST Moderator: Please use the lunch period to ask questions, bring up personal trades, or share information on any stocks of note.

jg CALE   that was a good one!!!! lol

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goldy what about sndk

bigb i tried feeding my taxes to my dog but that didnt work either

Cale ty jg

James-ST Moderator: Anyone new here?  Feel free to ask questions or shout out.

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bbhead i'm new

James-ST Moderator: welcome bbhead.

Ken-ST Moderator: hello bbhead

bbhead ty

bbhead im from hong kong

James-ST Moderator: We suggest a few days of observation.....ask questions.....we run a loose chat room here, so don't be shy to ask questions

JR Very funny bigb.  Seriously, any help would be appreciated.

James-ST Moderator: hey, our member bearrally just came from there.....he goes there once a month or so i believe.

bbhead really

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James-ST Moderator: yep, when he comes in give him a heads up

bbhead i will

Cale Ken, I know you cancel all alarts at lunch, can you explain a bit in detail why?

Cale James: Question for you: did you get any sleep last night?

James-ST Moderator: Actually, no

bigb good james.....me either

James-ST Moderator: And for the first time in my life i missed a Super Bowl

James-ST Moderator: [img id=em-2]

Cale is this your 1st?

James-ST Moderator: the lunch question -

Cale you can think of it like this, now you have someone to watch the SuperBowl with next year!!!

James-ST Moderator: Lunch hour breakouts / breakdowns are characterezed by  less volume and false breakouts.

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Cale Ken why is that?

James-ST Moderator: In our experience the success rate of Type A and B triggers diminished from approximately 75% to about 50%.

Cale why does Lunch time make that happen?

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James-ST Moderator: diminishes

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Cale sorry, I ment to say james, since Ken didnt answer the question ;)

Cale is it because ppl are not around trading?

James-ST Moderator: only retail traders perhaps?   guys sitting at home trading during lunch getting worked on lighter volume?

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James-ST Moderator: second daughter cale

James-ST Moderator: we have settled on Alex .....

Ken-ST Moderator: Scanning for Type C long

James-ST Moderator: Wife's idea, a little too harsh i said for a girl, so i put Alexis on the birth certificate, when she is older she can choose to go by her given name or by what her mom will call her.

cbat Ken NWRE type c?

bigb alejandra

James-ST Moderator: Questions or comments?

Ken-ST Moderator: no support on daily

Cale is NWRE having a short covering rally?

Ken-ST Moderator: Ill keep an eye on that one cbat

Ken-ST Moderator: ty

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Cale LOL ENRON what a joke

bigb im thinking of naming my kid enron

cbat PTEN type C?

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Cale LOL bigb

bigb id name my kid goog if i was bear

James-ST Moderator: yes

James-ST Moderator: i would too

James-ST Moderator: GOOGLY

bigb googly...... lol

cbat KEN PTEN type C?

James-ST Moderator: Well ken met him in Vegas......he is not a true "Whale" , but definitely not a casual player

chris ken/james, did we cancel trading alerts?

James-ST Moderator: yes chris, turn time

chris thanks

Ken-ST Moderator: PTEN we will avoid

Ken-ST Moderator: ty for bringing it up

James-ST Moderator: The arab world is really giving those Danish/europeans a tough time for those cartoons.......

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James-ST Moderator: Evidently a lot of other European countries are printing the same cartoons to support free speech.......

Dusty Has everyone been cut off or just me?

James-ST Moderator: just you dusty

bigb lol

Ken-ST Moderator: lol, no dusty, the servers went down

Ken-ST Moderator: we had to restart

James-ST Moderator: [img id=em-6]

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Ken-ST Moderator: ......with the hand crank that is sticking out on the front of the computers

bigb kens spilt his beer on the server

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James-ST Moderator: These Commodore 64's we use to host our severs sometimes lock up.

bigb spilled

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Ken-ST Moderator: lol

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James-ST Moderator: The good news is that tomorrow we will upgrade to Atari 400's

Ken-ST Moderator: lmao

Cale OMG thats almost not funny, I had one of those

bigb nice james.....

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Cale okay, time for a run, be back in a few

James-ST Moderator: Good news gang, a study has found that if you are treated at the Nation's Top 5% Hospitals, you will have a 27% more chance of coming out alive.

James-ST Moderator: ok cale take care

cbat NBR type c?

gd working on amgn long from 72.15

bigb thanks james...i better start looking

cbat Ken why did u not like PTEN?

James-ST Moderator: very nice gd

gd ty

Ken-ST Moderator: not at a good support area, just general congeston

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Ken-ST Moderator: it may work, but if you look its broke a trend and has not been trending

Ken-ST Moderator: just more sideways action

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bigb can someone send xlnx to therapy

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Ken-ST Moderator: Market is above the 5 ema, stoch are now up

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cbat Ken NBR Type C?

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Ken-ST Moderator: we are too late on that

bigb i bought 70,000 kry at 2.60 right now.....lol

bigb i think i might move to vegas after this

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James-ST Moderator: [img id=em-5]

Ken-ST Moderator: lol

Ken-ST Moderator: gang, market took out the last retracement low

Ken-ST Moderator: made 3 weeks ago

Ken-ST Moderator: did not bring in much selling so far

chris ken/james, whats your analysis on TGA?

Ken-ST Moderator: just a big trading range on daily chart

Ken-ST Moderator: are you looking intraday?

chris 1hr

Ken-ST Moderator: Its hitting its 5 day EMA right now

Ken-ST Moderator: Market in the middle of day's trading range

Ken-ST Moderator: chris you thinking of making a play on it?

chris i did. on the lod after it fell to yesterdays lod..

chris its holding tight.

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Ken-ST Moderator: Hey Clyde

Ken-ST Moderator: good to have you

Clyde-Harmon Trading Hi Ken.  Thank you.

Clyde-Harmon Trading Thank you for letting us support our members in here.

Ken-ST Moderator: No problemo,

Ken-ST Moderator: should be good for everyone

Birddog Hey Clyde, I spoke with ya yesterday..Thanks for your prompt attention on my account!!

Ken-ST Moderator Update!

Ken-ST Moderator: Gang, Clyde is here for Harmon Trading , http://harmontrading.com .  They are a trading group who provides benefits to individual traders who join.  Biggest benefit people have found is the lack of day trading restrictions with equity of less than 25k

Clyde-Harmon Trading You are welcome Birddog.  Glad to be of assistance.

Cale Hello Clyde

lasr Hi Clyde, can you please explain us a bit how you can help us if my equity is less than 25k? thx

Clyde-Harmon Trading Hi Cale.

Cale I have a friend that only has 5k to trade, and is stuck trading every 3 days

Cale would he be able to trade everyday as much as he wants with his 5k?

Cale what are the restirctions?

Cale could he still Short a Stock?

Clyde-Harmon Trading lasr traders are able to join our group as partners.  They are able to trade with less than 25k, because the group as a whole is well funded.   Members have there own online reports to log into to check their Equity balances, Trades etc.

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chris Hi Clyde. What is the margin?

Clyde-Harmon Trading Cale yes they will be able to.   Your trading action would be the same as if you were anywhere else.

Cale and they can trade as many Equities as the want during the day?

Clyde-Harmon Trading Yes, they may trade as many times as they want.

Clyde-Harmon Trading The margin is 4 to 1 intraday.  Overnight is 2 to 1.

Cale and they can Short a stock?

Cale so 5k would = 20 for the day?

Clyde-Harmon Trading Yes, they may short, as long as the stock is on the short list.

Cale sure

Clyde-Harmon Trading Yes, 5k would equate to 20k intraday buying power

Cale what type of trading platform do you all profide?

Cale is there Direct Access with the big ECN's?

Cale I know I probably should go read the info on your website :)

Clyde-Harmon Trading We provide the DAS and IQ platforms.

Cale can you give that website to me one more time please?

Clyde-Harmon Trading No problem, that is why I am here.

Cale is there a demo for the platforms?

Clyde-Harmon Trading It makes our Members feel better that we are easily reachable.

Clyde-Harmon Trading http://harmontrading.com

chris Clyde, what is the commission schedule?

Cale ty

Ken-ST Moderator: thats cool Clyde

James-ST Moderator: wow

Clyde-Harmon Trading You will find it on our site: under Fee Schedule

Ken-ST Moderator: How are things going so far Clyde?

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Clyde-Harmon Trading Very well thank you.  Members are very happy so far at the lack of trading restrictions.

Clyde-Harmon Trading We are also bargaining for better deals on other things as well.

Clyde-Harmon Trading I think everyone will benefit nicely from it.

Ken-ST Moderator: cool man

Ken-ST Moderator: Well good to have you guys.

Clyde-Harmon Trading Thank you.

Ken-ST Moderator: SOHU taking a dip

Clyde-Harmon Trading If anyone has any questions, feel free to engage in a private chat with me.

Ken-ST Moderator: gang, stoch in middle of trend

Ken-ST Moderator: Market i middle of days trading range

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Ken-ST Moderator: wb

bbhead need to go, ty james and ken, good luck everyone

Ken-ST Moderator: ok bbhead

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Ken-ST Moderator: We will see you again

Ken-ST Moderator: Gang, the lunch period is the worst time of day to be trading

Ken-ST Moderator: we suggest traders try as much as possible to keep trade to a minimum

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joe James/Ken when u issue a protective stop do u recommend adjusting the stop based on the fill i've gotten or just use your stop as is??

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James-ST Moderator: GOOG threatening lod

Ken-ST Moderator: joe the stop we give is based on two criteria

Ken-ST Moderator: support/resistance and MA

joe that being the case i should stick with ur stop and not make any adjustments based on my fill price

Ken-ST Moderator: that is suggested

joe that's what i figured but just wanted to check, ty

James-ST Moderator: GOOG new LOD

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cbat Ken MEE Type C?

Ken-ST Moderator: not a bad setup cbat

Ken-ST Moderator: wait for pullback under the 5 ema on 5 min

Ken-ST Moderator: That is a good setup though

Ken-ST Moderator: fits the strategy well

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Ken-ST Moderator: I will need to step away for 15 mintues.  I will be right back

Ken-ST Moderator: James will keep eye on that for possible Type C

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chris any new alerts?

James-ST Moderator: Since only the handsome moderator is left.......

James-ST Moderator: Any questions?

James-ST Moderator: We will wait until 1:30 EST chris.......

James-ST Moderator: got any good trades going on chris?

chris james- sorry about that- i'm an hour early. lol. none so far..

James-ST Moderator: ok

James-ST Moderator: Feel free to personal trades gang, I know we don't recomend trading during lunch......but i also know that a lot of you are trading anyway......lol

James-ST Moderator: All we can suggest is that any trade you enter, you have a defined stop BEFORE you enter that you will adhere to.

James-ST Moderator: Taking a stop is hard to do....but it is way better than getting slaughtered on a trade that is moving against you.

James-ST Moderator: No amount of praying or begging will make the market do what you want.

James-ST Moderator: Adhere to stops, profit will come.

cbat James I'm in MEE at 38.21 long what do u think?

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James-ST Moderator: Use 37.82 as a stop

James-ST Moderator: you jumped the gun on us

James-ST Moderator: but the pull back is there

cbat ty

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James-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]MEE 38.28[/b]

James-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]MEE 38.28[/b]

James-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]MEE 38.28[/b]

Cale Wow a type C pops its head out

James-ST Moderator: [img id=em-5]

James-ST Moderator: Some of the ideal conditions we look for include the presence of only the handsome moderator

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Cale uh huh

fammari james what is type c?

James-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]MEE 38.28[/b]

James-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]MEE 38.28[/b]

James-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]MEE 38.28[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MEE 37.82[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MEE 37.82[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MEE 37.82[/b]

James-ST Moderator: A stock that has had an extended fall/rise, and hits a resistanc/support level during lunch would sum it up.

Cale what made that a good Type C?

Cale [i]you need to put an O under status plz[/i]

James-ST Moderator: MEE has had an extended fall today, but if we look back on the daily cahrts it is very much at support levels, furthermore, if we look at the stochastics on the 5 minute chart, we can see that it is coming off of oversold elvels.

James-ST Moderator: ty cale

James-ST Moderator: and like we mentioned, if the handsome moderator is present it helps

Cale okay, i asked

James-ST Moderator: You can use a Type C strategy or a variance of it on your own personal trades.......if you see a stock that has fallen or risen sharply and would like to play the reverse of the move......

James-ST Moderator: Look back on the daily charts......is it near a support or resistance level?  Is it oversold / overbought?

chris james, what stop do you have on MEE? around the 37.83 level?

James-ST Moderator: When you enter, you simply place your stop on the related HOD or LOD for a tight stop......a good way to play a reverse move.

James-ST Moderator: 37.82 chris

James-ST Moderator: Questions ro comments gang?

James-ST Moderator: Anyone saw any good movies?  although, i do not see a movie out there that interests me or has even had a good review.

chris how long do you recommend holding onto an inactive or sleepy position until you should close it out?

James-ST Moderator: you should enter a trade with your predefined stop and profit target, when either one hits you are out.....if not close by end of day.

chris i know many times that depends on alot of factors- but in your oppinion, how do you usually play out a position that isnt going anywhere? wait until stopped out?

chris ok i see

James-ST Moderator: UARM a lunch hour short trigger here......

James-ST Moderator: Funny, i just bought a UARM shirt this weekend with a gift card i had.......

James-ST Moderator: Love that dry weave......

James-ST Moderator: My brother is in construction....he was wearing a bunch, and i was telling him, "man you dont work out"....

James-ST Moderator: but evidently a lot of construction workers buy them just because of how comfortable and how fast they dry out.

James-ST Moderator: market new LOD

chris Lol

steveg james, smart to lower stop on xlnx?

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Ken-ST Moderator: Im back

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chris wb ken

James-ST Moderator: could steve, but, we need the room, market is on our side........

steveg 10-4

James-ST Moderator: Gang, put in 1245.73 on your Alerts next to SPX..........

James-ST Moderator: Low alert......

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James-ST Moderator: If that triggers in the coming days, the market has taken out signficant support levels.

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James-ST Moderator: Questions or comments?

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Ken-ST Moderator: wb

cbat mee stop still LOD?

James-ST Moderator: yes

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gd good to be back...

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James-ST Moderator: This market sell off is not helping any longs........

James-ST Moderator: Market new LOD

James-ST Moderator: Dow -60

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sully uarm just went thru the short trigger but didnt stay down foe long..

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]VRTX 37.56[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]VRTX 37.56[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]VRTX 37.56[/b]

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James-ST Moderator: Market new LOD

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James-ST Moderator: Paula Abdul on CNBC?

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Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]VRTX 37.56[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]VRTX 37.56[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]VRTX 37.56[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.11[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.11[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.11[/b]

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James-ST Moderator: WB JULIE

julie ty

limey ATI type C

Ken-ST Moderator: no support on Daily chart

Ken-ST Moderator: it may work out, but right now doesnt fit our strategy

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Ken-ST Moderator: NWRE looks better for TYPE C now

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]NWRE 22.01[/b]

Ken-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]NWRE 22.01[/b]

Ken-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]NWRE 22.01[/b]

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.44[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.44[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.44[/b]

cbat Ken WBSN valid at LOD?

julie SOHU

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MEE 37.99[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MEE 37.99[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MEE 37.99[/b]

Ken-ST Moderator: No cbat, still in trading range

salozar Limey, thanks for ATI mention, got the 1% and then some

Ken-ST Moderator: nice Julie, lets see if it can consolidate around these levels to tive is a good stop

Ken-ST Moderator: 22.41 stop right now

Ken-ST Moderator: will hold off for consolidation

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julie sohu can move rapidly

Ken-ST Moderator: gang,

Ken-ST Moderator: sorry , looks like I have moved the stop up on VRTX a little too early.

Ken-ST Moderator: This is a tight stop here but I feel a slightly looser stop under the 20 EMA on 5 min would be suitable

Ken-ST Moderator: Lets keep at original stop of 37.10

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.10[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.10[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.10[/b]

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Ken-ST Moderator: again we do not do this often, but I want to give the stock room to move above the 20 ema on 5 min

Ken-ST Moderator: It may not matter at all

cbat Ken PFGC at HOD?

Ken-ST Moderator: I like it cbat

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Ken-ST Moderator: sorry

Ken-ST Moderator: I take that back

Ken-ST Moderator: I held off on taht because there is some resistance noted on Daily chart just above

Ken-ST Moderator Update!

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Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SOHU 21.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SOHU 21.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SOHU 21.49[/b]

Ken-ST Moderator: Very tight stop if triggered on SOHU gang

cbat thanx Ken

Ken-ST Moderator: right now we are looking at the high of this pullback

Ken-ST Moderator: ty cbat

jazztrade NWRE close

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SOHU 21.49[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]NWRE 22.01[/b]

jy Stop on NWRE if trigger

Ken-ST Moderator: 21.64

jy ty

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julie1 22.00 lol

Ken-ST Moderator: lol

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

julie1 short seller

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]NWRE 22.01[/b]

Ken-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]NWRE 22.01[/b]

Ken-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]NWRE 22.01[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NWRE 21.64[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NWRE 21.64[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NWRE 21.64[/b]

jeff nwre stop?

cbat Ken PIXR at HOD?

Ken-ST Moderator: I didnt enjoy trading PIXR before their merger with DIS

Ken-ST Moderator: this makes it worse

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Ken-ST Moderator: but yes, if you do venture into the trade, then 60.16 would be the initial stop

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Ken-ST Moderator: MEE looking handsome

Ken-ST Moderator: now trading above the 20 ema

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Ken-ST Moderator: XLNX right back to entry

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jy I did a type C long on SOHU @21.83 just exited for profit

julie1 me too

jy julie, cool.

julie1 very

jy :)

fammari does PIXR apply at HOD?

Ken-ST Moderator: very cool

julie1 good trading stock

Ken-ST Moderator: PIXR yes typically a good valid signal

Ken-ST Moderator: we will stay away however

James-ST Moderator: great minds think alike

James-ST Moderator: vn trade

julie1 pixr move w/DIS

Ken-ST Moderator: exactly julie

julie1 stock swap

julie1 Strange, I thought this am we'd have a lot Type B

Ken-ST Moderator: DIS daily presents nice setup

Ken-ST Moderator: but I did not like trading either of them before the merger....

Ken-ST Moderator: I can imagine liking it after

Ken-ST Moderator: hey wait one second

Ken-ST Moderator: I cant stand trading AAPL either

julie1 pixr, appl, rimm

Ken-ST Moderator: maybe its Steve Jobbs that produces crappy trading stocks

James-ST Moderator: Late 2002, i thought DIS was a steal at about 14 bucks......almost a double in 3 years........guess that would have been a good trade for a very long term trader......but i did buy 100 shares for my first daughter for the heck of it way back then.......

julie1 lol Ken

James-ST Moderator: I fiugred in the coming years Disney would take a lot of money with kids and all, i better buy some of their stock.

James-ST Moderator: figured

julie1 Dis paid 125MM to a Pres who worked there 2 weeks

julie1 ovitz

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chris VRTX looks like its starting to cool off

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Ken-ST Moderator: yes, I will be moving the stop up

julie1 jy see Sohu..................

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.24[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.24[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]VRTX 37.24[/b]

jy VRTX loos weak

julie1 Ken do you see a play on TOL?

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Ken-ST Moderator: It may work out julie

Ken-ST Moderator: but

julie1 not too attractive huh

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Ken-ST Moderator: setup is there

julie1 so is the specialist...

Ken-ST Moderator: but considering,its a listed stock, and the market not trending too much

Ken-ST Moderator: I fyou do I would suggest a stop at 30.10

julie1 I'll pass

Ken-ST Moderator: yeah, us too

Ken-ST Moderator: thanks for brining it up though

julie1 stock has been cut in 1/2  from 52 wk high

bearrally why are you keep changing password in future room

bearrally check out cme

bearrally what happen

Ken-ST Moderator: bear, we change it every week

bearrally damn i missed cme

bearrally where do i find it?

Ken-ST Moderator: log into your futures Member page

julie1 not a good for stox > $100

Ken-ST Moderator: Julie, I compare the TOL chart somewhat to JCOM intraday

Ken-ST Moderator: the big move in the morning

Ken-ST Moderator: and it spends the entire day consolidating in that range

julie1 yep

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Ken-ST Moderator: stoch up

Ken-ST Moderator: market above the 20 ema now

julie1 James BRKS hit target by one penny and then went south bigtime earlier--no play from me

julie1 looks like it needed that additional consolidation

James-ST Moderator: nice call julie

julie1 you scared me off it

julie1 lol

julie1 calling it quits.....see yall tomorrow

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NWRE 21.79[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NWRE 21.79[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NWRE 21.79[/b]

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James-ST Moderator: ok take care julie

Cale bye J

joe heading out -- ty James/Ken -- good luck everyone

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Ken-ST Moderator: ok joe

salozar BOBJ short setup?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]VRTX[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]VRTX[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]VRTX[/b]

Ken-ST Moderator: Pretty handsome salozar

Ken-ST Moderator: lets issue

salozar a bit jumpy, maybe 1/2 lots

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BOBJ 36.79[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BOBJ 36.79[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BOBJ 36.79[/b]

Cale can you explain why that is so Handsome?

Ken-ST Moderator: No support below

Ken-ST Moderator: Stoch in favor

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Ken-ST Moderator: hi buddy

Ken-ST Moderator: overall market trend in favor too

Cale all the stoks show over sold right now

Cale just trying to learn

Ken-ST Moderator: as long as market not in oversold

Ken-ST Moderator: stock too, it helps but we look at the market stoch even more

Cale and you use S&P500 as the Market?

Ken-ST Moderator: yes

Ken-ST Moderator: SPX

Cale $SPX is the S&P 500 right?

Cale you all dont have VRTX open do you?

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BRUNO3 KEN - MRKT. OUTLOOK NOW ???

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Ken-ST Moderator: we are sitll in downtrend

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Ken-ST Moderator: on all time frames except the Daily and Weekly

Ken-ST Moderator: but hourly and shorter is all down

BRUNO3 TY

BRUNO3 VERY HARD TO TRADE THIS TAPE RIGHT NOW !

fammari bobj still valid?

Ken-ST Moderator: its tough

jy VRTX earnings tonight

gd ty jy

Cale anyone else important have earnings this evening other then CSCO?

BRUNO3 STOP ON BOBJ IF ?????

Ken-ST Moderator: 37.13

Cale Here somes BOBJ

Cale here Comes BOBj

James-ST Moderator: Market new LOD

gd I think bear is reporting earnings after the bell tonight...:)

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Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]BOBJ 36.79[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]BOBJ 36.79[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]BOBJ 36.79[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]NWRE[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]NWRE[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]NWRE[/b]

Cale wow, I got filled at $36.82 for some reasy

Cale reasy = reason

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]BOBJ 37.13[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]BOBJ 37.13[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]BOBJ 37.13[/b]

Cale cold fingers cant type

Cale <beep> <beep> <beep>

Cale Housing going down?

Ken-ST Moderator: yes the charts have been displaying a weak pattern lately

Ken-ST Moderator: TOL ended up making that big surge down

Ken-ST Moderator Update!

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]MEE[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]MEE[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]MEE[/b]

Cale yummmy Erin Brenntte

BRUNO3 KEN - WHAT IS THE STOP ON NWRE ? NO MEMORY !!!

Ken-ST Moderator: 22.79

Ken-ST Moderator: 21.79

BRUNO3 TY

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jy VRTX coming down fast

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Ken-ST Moderator: This market has been drifting for days

Ken-ST Moderator: tough

Cale thats because there is too much Asbestos in the market

BRUNO3 MRKT. MAY BE DRIFTING, BUT IT'S DRIFTING DOWN, ALL RED !!!

Ken-ST Moderator: yes

Cale Ken, make that call, ask the shareholders of BOBJ to start taking profets please

Ken-ST Moderator: alright, one sec

Cale ty

Ken-ST Moderator: lol

johnboy thanks for the day Ken/James, I hope BOBJ implodes for all of you in the short

Cale thanks Johnboy see ya Tomorrow

johnboy cya cale

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Cale so Does anyone else Like Ding-Dongs?

Ken-ST Moderator: Ho Hos here

Cale I have been on a Ding-Dong Beng latly

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Ken-ST Moderator: wb

Ken-ST Moderator: I had bag of cheetos at my desk the other week

Ken-ST Moderator: not good

Ken-ST Moderator: I would not suggest traders do that

Cale lol

Cale I can eat a whole package of Oreo's in 2 days

Cale then I wont touch them for months

Ken-ST Moderator: congrats bro

Ken-ST Moderator: lol

Ken-ST Moderator: I also have a weakness for cookies

Cale its a good think I work out, otherwise I would weigh about 467

Ken-ST Moderator: lol

Ken-ST Moderator: yeah exercise is a good thing

Cale is BOBJ on an uptrend atm?

Ken-ST Moderator: testing 20 ema now

Dan Only trading morning good for this type of market.

Ken-ST Moderator: I agree Dan

Dan Been on vacation past 3 trading days, and have only traded in first 45 minutes, all easy winners.

Ken-ST Moderator: that is the way to go

Ken-ST Moderator: The opportunities are with the futures therafter

Dan Time to sign up for futures room.

Ken-ST Moderator: there are more opps in stocks during the day

Ken-ST Moderator: but not like the first hour

Ken-ST Moderator: It should help your stock trading too

Dan especially in weak sideways action.

Ken-ST Moderator: its all about assessing the market trends

Ken-ST Moderator: having awareness for the Time of Day

Ken-ST Moderator: Using your simple indicators to assess the ternds

Dan afternoons not a good time to make up losses ususally.

Ken-ST Moderator: identify pivotal times in the market

salozar I got scared out of BOBJ even....

chris ken, when you first started trading- did you ever notice that doing the opposite of what you thought was right, yeilded better returns?

Cale lol

Cale Dan I learned that the hard way

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Ken-ST Moderator: hmm I cant remember

chris lol- long time ago huh?

Dan We all learn the way Cale.

Ken-ST Moderator: I learn most from mistakes

Dan hard way

Ken-ST Moderator: And I am not one to paper trade

Ken-ST Moderator: I test with real money, otherwise it losses my attention

Cale I paper Traded for 5 months

Ken-ST Moderator: I tell you this

Cale trading with real $$$ is no match for paper

Ken-ST Moderator: You will not succeed without a definite plan

Ken-ST Moderator: most traders dont take the time out to formulate a definite plan

chris right- paper trading leaves out emotions, which is something traders need to learn to get rid of / manage.

Ken-ST Moderator: I'll tell you this, many plans work

Ken-ST Moderator: There is no 1 absolute way to trade

bearrally what plan are you talking about Ken?

Ken-ST Moderator: but you need good money management in everything

chris you think so..?

bearrally you just throw if it stick it stick

Ken-ST Moderator: know your signals on getting in

Ken-ST Moderator: be consistent

Ken-ST Moderator: you need your stops

Cale getting into a trade is easy, getting out of a trade is very hard

bearrally that is not fun anymore

bearrally way too much work

bearrally lol

Ken-ST Moderator: without plan, you will lack confidence in your decisions.  You will lack consistency

chris Lol bear

Ken-ST Moderator: lol

Dan My plan is to rely on Ken and James for now.

Ken-ST Moderator: We present a plan here

Ken-ST Moderator: and show you how we implement it

Cale yep, i try to learn as much as i can

Ken-ST Moderator: learning it will come

Ken-ST Moderator Update!

Ken-ST Moderator: CANCEL ALL ALERTS

bearrally just kidding guys

chris Ken, i notice i've been suffering from slippage by about .10. my platform doesnt have automatic buy/sell execution- so i've been on the point and click.

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bearrally discipline here is most important

Ken-ST Moderator: slippage is inevitalbe in stocks

Ken-ST Moderator: but if you pay up on your entries

Ken-ST Moderator: you can make up on your exits

Ken-ST Moderator: also you dont need the full 1%

Ken-ST Moderator: as the stock gets nicely in the money

Ken-ST Moderator: take some off the table

Ken-ST Moderator: as the stock goes higher, its gets riskier

Ken-ST Moderator: more risk demans less capital

Ken-ST Moderator: taking profits lowers your cost basis

Ken-ST Moderator: take risk off the table

Dan .8% is better than missing out.

gd uarm

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gd nice short

Ken-ST Moderator: have hot keys ready

Ken-ST Moderator: to sell as the stock moves in your favor

Ken-ST Moderator: throw shares out there

Ken-ST Moderator: at the offer when selling

Ken-ST Moderator: its like throwing yourself in front of a bus

Ken-ST Moderator: you will get hit

Ken-ST Moderator: so put it out on the offer to get a btter price

Ken-ST Moderator: but have you hot keys ready

Ken-ST Moderator: so you dont have to fumble around with your order

chris what about entering into a stock at .10 from slippage-- should i adjust the stop according to my entry or stick with the team?

Ken-ST Moderator: just watcht he stock

Ken-ST Moderator: you see that good movement

Ken-ST Moderator: press the button

Ken-ST Moderator: keeps rocketing

Ken-ST Moderator: press the button

Ken-ST Moderator: We present a consistent plan for the stops

Ken-ST Moderator: there are three levels of a stop we look for

Ken-ST Moderator: but basically we are looking for 2 conditions in our favor

Ken-ST Moderator: support/resistance  and Moving averages

Ken-ST Moderator: if one fails, you also have the other one to rely on

Ken-ST Moderator: makes for a better stop

Ken-ST Moderator: then use your Market assessment to implement your stop levels

Ken-ST Moderator: if you are trading with the market trend, loose stops are ok

Ken-ST Moderator: against, then tighten

Ken-ST Moderator: time is also a factor

Ken-ST Moderator: more time, looser stops

Ken-ST Moderator: less time tighten

Cale that helps a lot Ken, ty

chris it would help greatly to have a platform that supported automatic buy/sell orders.

Ken-ST Moderator: yw

Dan If brain hurts, stop trading.

Ken-ST Moderator: Our Video on Market Assessments goes over stops and how to implement

gd nwre :(

Ken-ST Moderator: its good for any daytrading strategy

Ken-ST Moderator: but that is my opinion

Ken-ST Moderator: lol

Cale chris I know what you mean, i have seen the trades come and go so fast. I can auto buy but cant auto sell right away...

Ken-ST Moderator: Hot keys

Dan Happens all the time to me.

Ken-ST Moderator: hello NWRE

Dan Might try looser limits.

Ken-ST Moderator: you have to be in it to win it

chris cale, it sucks right? My hot keys work- but have to type the symbol- then hit the hotkey to auto buy or sell. Lol. Maybe i need another screen with all the symbols open- but then i'd still have to click on the window- so the hotkey truely isnt a hotkey.

Cale time to get out of BOBJ?

chris i just need to find a platform that works better for me.

Cale someone said you can do it all with Tradestation.

Cale completely programable

chris ken, did you ever scalp stocks at all?

Cale enter your buy and sell all at once

Cale not sure, havent ever tried it

Ken-ST Moderator: ive tried it all

Ken-ST Moderator: scalp too tough

Ken-ST Moderator: and makes broker happy thats about it

chris you're right about the broker part. i've done decent with scalping- but nearly half of my profits went to commissions.

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jg cale... do you have a seperate quote screen..so you can always have the quote available in order to expidite getting the order in? I use to try to have everything  on one screen and it costs me!!

jy ty ken/james, cu tomorrow.

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jazztrade see you all tomorrow!  lost 4.11% today! :-(

Cale jg yep i use Streetsmart Pro from Schwab

Ken-ST Moderator: sorry to hear jazz

Ken-ST Moderator: we'll see you tomorrow

Dan Trying to get every trade used to cost me, now I only try 2 or 3 at once.

jefff interactice brokers has all that and only charges $1 per trade

jefff interactive

jefff level 2 is $20/month

Guru bye all see you tomorrow

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Ken-ST Moderator: They dont wiave the data fee?

Ken-ST Moderator: ok guru

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jg goodnight everybody....cu all tomorrow...

Cale did we close BOBJ???

chris take care everyone. ken/james- you fellas be good. see you all tomorrow.

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Dan cu tomorrow.

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Ken-ST Moderator: ok gang

Ken-ST Moderator: take care

Ken-ST Moderator: We are closing it out at the close here Cale

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Cale Ken James thanks so much~~

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Ken-ST Moderator: yw

Ken-ST Moderator: see you all tomorrow.

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bigb no kidding.....thats what happens when you short goog

rex ken wb :-)

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Clyde-Harmon Trading good nite

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James-ST Moderator: Sorry gang, we talked with our server host company, evidently someone there forgot to keep pedaling.