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The Power of 2%

Chat Transcripts

04/20/06 Chat Session

georgie Thanks for the info. I'm going to give it a go for a few weeks and compare the results to if I placed my normal 1% profit 1% loss orders

James-ST Moderator: gm all

chuck has entered DayTrading Chat

georgie Morning James

Pontiff has entered DayTrading Chat

Pontiff gm gang

wcblbball hello james

James-ST Moderator: gm chuck pontiff

wcblbball cap police are in the house

James-ST Moderator: [img id=em-8]

Ken-ST Moderator has entered DayTrading Chat

Ken-ST Moderator has become a moderator

Ken-ST Moderator: gm all

limey has entered DayTrading Chat

wcblbball ebay gonna be on list? aapl? ken/james

Claudia gm everyone

wcblbball PLAY lost 10

JP has entered DayTrading Chat

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Jen Ken/James, did you see Stocks and Commodities Magazine shows Daily Swing Trades #7 of top 10 viewed trader advisory service?

jy has entered DayTrading Chat

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jy gm

James-ST Moderator: gm scalp, jy, jg, jp, limey

James-ST Moderator: interesting jen......why so low?

James-ST Moderator: [img id=em-9]

jy james, gm. any picks yet ?

James-ST Moderator: shortly

Jen ah, humility?? James??

James-ST Moderator: [img id=em-8]

wcblbball unp gonna have big. hope rdub got some before close

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susan gm everyone

Jen gm

limey James WCC,EZPW

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doc gm gang

James-ST Moderator: gm doc, susan

Ken-ST Moderator: Good Morning Everyone

guru has entered DayTrading Chat

Clyde-Harmon Trading has entered DayTrading Chat

Ken-ST Moderator: cool, Jen. Looks like we have work to do

Clyde-Harmon Trading gm everyone

Cale has entered DayTrading Chat

Ken-ST Moderator: gm Clyde, Cale

Ken-ST Moderator: wasnt even aware they were doing that

Cale Morning Ken

guru gm ken James & all

Cale Good Morning everyone

wcblbball guys watch SGP & SIFY today

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Cale wc, did you read something on SIFY ?

benji Good Morning

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wcblbball earnings out look good to me

Ken-ST Moderator: Good Morning WC, victor, benji, hanz

hanzsolo gm all

jg good morning to all...

Chris s

Jen Ken, I think trigger is in wrong column, long or short?

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Ken-ST Moderator: ty jen

johnboy good morning all

Jen for NBIX that is

Ken-ST Moderator: gm jb

hessam has entered DayTrading Chat

wcblbball i screwed up. bought at 14.66 it dropped to 14.4, decided to take a scalp for 100 at 14.79. changed from brut to inet and just pressed sell button with no price and it sold me out at 14.60 for a $36 loss and of course it went immediately to 15

hessam good morning everyone

Ken-ST Moderator: gm hessam

James-ST Moderator: gm hesam, jb, janz, benji, victor, anyone i missed

wcblbball hi kenny-boy

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Ken-ST Moderator: gm Chris

rdub has entered DayTrading Chat

Ken-ST Moderator: Good Morning rdub

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rdub gm Skee-dad

Ken-ST Moderator: lol

James-ST Moderator: gm blk rdub

Ken-ST Moderator: Good Morning blk

rdub hey James

lbl_blk good morning ev1

Ken-ST Moderator: changing things around today blk?

lbl_blk i'm a little backwords today

Ken-ST Moderator: mixing things up

lbl_blk i haven't slept in 36 hrs

wcblbball blk in the house

Cale dislexic

lbl_blk but feeling good

hessam ken are these all gap plays?

Ken-ST Moderator: yikes bro

lbl_blk wheres my coffee cale

hessam the ones you just mentioned

Ken-ST Moderator: those are the stocks we are watching

lbl_blk Wc you do good on ET eh?

wcblbball ken...hoe come no AAPL

Pat has entered DayTrading Chat

hessam ok thank you

Cale One Cup of coffee comeing up lbl

Pat gm all

wcblbball how come//

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hessam so you are going to mention we to take any positions?

Ken-ST Moderator: Good Morning Pat, don

the_don [b]morning alll[/b]

Ken-ST Moderator: after the morning bell we will identify triggers as we identify them

lbl_blk thanks cale ... you da man

Cale [img id=em-10]

James-ST Moderator: gm don, pat

Ken-ST Moderator: if they hit the trigger, we will also post with a sound alert

wcblbball yes. did well on ET but not as good as i hoped. cramer had ceo on mad money and hyped it. i expect good day for ET

hessam excellent

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Ken-ST Moderator: Good Morning birdog

Ken-ST Moderator: gm everyone

Ken-ST Moderator: hope you all had a great evening

jose has entered DayTrading Chat

Ken-ST Moderator: lets do a market assessment:

Ken-ST Moderator: Daily chart: above the 5 day EMA, stoch in uptrend

James-ST Moderator: gm jose, bird

wcblbball BRCM up ahead of earnings

Ken-ST Moderator: Hourly chart: uptrend

Ken-ST Moderator: 5 min chart: uptrend

Ken-ST Moderator: Overall we have an uptrending bias to the market

Ken-ST Moderator: futures are dead even

jose gm James, Ken, everyone!

Ken-ST Moderator: we are also about 6 points or so from multi-year highs

Ken-ST Moderator: gm jose

wcblbball ken...another serious question from WC...how come AAPL not a gap play and what was the stock pick you sent us last night with trigger long?

hessam ken is it ok if we mention stocks, if we see any opuurtunities....or are we just sticking to what's on the left here

Ken-ST Moderator: AAPL not gapping out of a range, or into a good area

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Ken-ST Moderator: its in a recent trading range area

Rube has entered DayTrading Chat

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Ken-ST Moderator: NTAP was last nights free swing trade alert

dennis has entered DayTrading Chat

Ken-ST Moderator: gm kvr, rontrue, dennis

dennis gm Ken

Rube Good morning.

jh has entered DayTrading Chat

Ken-ST Moderator: Good Morning jh

rontrue has logged out

Ken-ST Moderator: Ok, good trading everyone

jh gm

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James-ST Moderator: gm tryhard, rontrue, rube, kvr

tryhard gm

Ken-ST Moderator: gm tryhard,

GA has entered DayTrading Chat

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James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SWFT 30.64[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]STLD 64.71[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]INTU 57.15[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 12.68[/b]

Cale [b]Stands at attention[/b]

wcblbball JEN...are you watching

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MEDI 30.25[/b]

Ken-ST Moderator Update!

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]MEDI 30.25[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CTXS 42.59[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]INTU 57.15[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 30.84[/b]

Ken-ST Moderator: CTXS

Ken-ST Moderator: is close

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Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CTXS 42.59[/b]

James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]MEDI [/b]

bharat has entered DayTrading Chat

Ken-ST Moderator: gm bharat

Cale Ken PLAY ?

bharat gm ken, everyone

bharat did i miss INTU ken?

Cale James PLAY ?

Cale wow PLAY got AF'ef

Ken-ST Moderator: yes INTU issued

Cale hey Jen, theres Meg from EBAY

Jen she better say something good

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hessam got into ctxs at 40.20 is it ok if we get in lower than the enter price?

jg has logged out

Ken-ST Moderator: sure hessam

Ken-ST Moderator: better yet

Ken-ST Moderator: as long as it doesnt stop

hessam cool

hessam if it stops you will mention it here right

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James-ST Moderator: MEDI........the stop of 30.84 may not have even triggered.......but it just hit profit........[img id=em-9]

James-ST Moderator: regardless......we have booked the loss

Cale yep, my Stop didnt Trigger

James-ST Moderator: [img id=em-1]

hessam thanks for my first profitable trade.....

hessam got into swft at 29.95 and got out at 30.39

Cale thats a good thing but I just covered at 29.85

Ken-ST Moderator: hessam, becareful, that was not part of the strategy

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SWFT 30.64[/b]

Ken-ST Moderator Short!

brady has logged out

Ken-ST Moderator Short!

benji medi hit 1% profit right

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PLAY 12.68[/b]

James-ST Moderator: benji, yes

jy stop on INTU ?

hanzsolo has logged out

Ken-ST Moderator: lod

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hessam wow what a run swft has made..should've stuck with it

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CTXS[/b]

matt hurray CTSX - thanks guys!

Pontiff Ken stop on swft please

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hessam wow thank you for CTXS..awsome trade.....

limey has entered DayTrading Chat

hessam made almost full point on it..... from 42.25 to 43.15

James-ST Moderator: pontiff lod

Ken-ST Moderator: currently the lod

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bharat great trade on CTXS thanks guys

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Ken-ST Moderator: wtg bharat

bharat ken, if you get any time and inclination, would love to hear thoughts on AAPL's intraday action today / tomorrow / in general...

Ken-ST Moderator: sure np

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]WCC 78.51[/b]

Pat has logged out

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SWFT 30.45[/b]

James-ST Moderator: MEDI NEW LOD

jy Too bad on MEDI - profit now. ;(

James-ST Moderator: Did anyone who enter MEDI actually get stopped?

jy :(

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SWFT [/b]

Pat has entered DayTrading Chat

benji JAMES, i BANKED ON MEDI, i GOT 1.25%

Ken-ST Moderator Update!

benji Sorry, capslock, i didn't notice it stopped

Ken-ST Moderator: disregard that sound alert

jy exited MEDI @2c loss.

jy no profit. but the others are good.

jy INTU ??

Cale Love to hear that Cha-Ching

James-ST Moderator: nice benji.....after we entered it appeared we got stopped, not sure if it actually did or if it was errant trades that stopped us.......we booked the loss, but it looks like most got some profit on MEDI

Ken-ST Moderator: testing the 5 ema currently jy

jy INTU stop lod @56.44 ?

Cale Well Jen, didnt seem that Meg's apperiance on CNBC helped EBAY's Stock

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]INTU 56.54[/b]

jy 56.54 or 56.44 on INTU ?

Ken-ST Moderator: market new hod

benji Yea, that could have been ugly for me if it went the other way

Ken-ST Moderator: market new hod

Cale dont see the DSASQ go down while the S&P and DJ gos up

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James-ST Moderator: gm hobo

hobo gm

Cale Here comes 1313 BLK

jy INTU needs to break th 57 round number

jy stop on PLAY ? ken.

Cale CNBC - So would that be Mr. Hu or ....

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PLAY 12.91[/b]

Pat has logged out

James-ST Moderator: Who is on first?

Ken-ST Moderator: who?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]WCC 76.39[/b]

Cale no, whats on first Hu's on second

wcblbball what the hell is going on (Bush) is on second

Cale and I dont know is on third

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]INTU 56.73[/b]

hessam i thought wcc was long

James-ST Moderator: Market new HIGH for the year (multi year)

Cale blk there is your S&P at 1313

Ken-ST Moderator: market just about 2 points off new multi year highs

Cale not according to James, Ken

lbl_blk YAY!

hessam so you are looking to short WCC

Cale [i]clap clap clap[/i]

scalp out medi 1%

Ken-ST Moderator: hessam if it goes to 76.39

Cale Hessam, if it gets to 78.51 then short

lbl_blk does it break and climb?

Pat has entered DayTrading Chat

Cale love My SNDK

hessam gotcha..I"m long at 76.63 wcc

wcblbball cale Bush could be I don't know also

Cale in at 64 sell at 65.20

Cale Hassam, i meant long

Cale my bad

Cale when it gets to 78.51 then go long in WCC

georgie Thanks James and Ken, made enough on SWFT and CTXS to take the rest of the day off :)

hessam oh thanks cale

Cale gj Georgie!!!

Ken-ST Moderator: nice georgie, wtg

Cale Hessam, you already Long?

Cale in WCC?

georgie has logged out

James-ST Moderator: sweet georgie, be back by close to buy steaks and beer

hessam yes long at 76.63 in WCC

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]STLD 62.32[/b]

Cale anyone know what the Banking Index symbol is?

Ken-ST Moderator: sorry, gang, little too late ont aht post

Ken-ST Moderator: disregard that post on STLD

Ken-ST Moderator: valid, but I posted too late

James-ST Moderator: SWFT is roaring past trigger.........

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CTXS 41.99[/b]

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CTXS 41.99[/b]

scalp lg intu

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CTXS 42.51[/b]

Cale Gold Tanking

matt has logged out

Cale 1315 in the next 10 min

James-ST Moderator: SWFT....................

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

scalp stld near pd high

James-ST Moderator: 5% past trigger

jh has logged out

Ken-ST Moderator: Market new multi-year highs

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CTXS [/b]

Cale Theirs my fav sound!!!

Ken-ST Moderator: yeah baby

jy GJ on CTXS

Ken-ST Moderator: ty jy

jy close to 2%

Ken-ST Moderator: only in the stock market do we go both ways

Cale LOL

rdub lol Ken

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

bharat ha

Cale my wife goes bothways

Ken-ST Moderator: WCC getting close

Cale doh, did I just say that out loud

Ken-ST Moderator: lmao

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]WCC 76.39[/b]

bharat yeah we have our own mountains here

Cale [b]turnds RED[/b]

James-ST Moderator: STLD hit profit for those who caught it

Cale exited SNDK too soon

Ken-ST Moderator: man that STLD hit that nice profit

wcblbball i I LIKE WCC'S LETTERS I GOT TO TELL YA

hessam when are you looking to coveron CTXS

rdub Ken WCC - you're playing listed?

Cale CTXS is now closed, you should be out

jg which stld? I did'nt see a short?

Ken-ST Moderator: if it triggers

James-ST Moderator: Market new HOD

Cale BINGO 1315

hessam yeah closed on the long on CTXS..

hessam but went short at 41.99

James-ST Moderator: jg, we issued STLD, but noted it was a valid trigger we will not book since right after warning it triggered......not enough time to be fair to be booked............

jy hope the market move INTU back up.

jg oh i do see it on the right it was that qick one...

Cale hassam, you should have covered CTXS at 41.57

hessam covered just now....thanks

jg quick...sorry about that

hessam sorry I missed that..... .42 points thank you

Cale very nice

hessam yes tahnk you cale..

lbl_blk good call 1315 cale

hessam sorry for all the questions..it's my first day here

Cale hessam, did you see Kens notice at 10:17?

Ken-ST Moderator: np hessam

Cale no problem hessam

Ken-ST Moderator: we will have more time for questions during the lunch period

Cale may just want to watch for the 1st few days

James-ST Moderator: hessam, np.......loose here, ask or bring up anything........if we miss question ask again later......early on we are watchin charts

jh has entered DayTrading Chat

James-ST Moderator: Market new HOD

johnboy SWFT crazy downfall

hessam great thank you...I already love the atmosphere here......

hessam doing really well already 5 profitable trades on my first day

Ken-ST Moderator: cool

Cale [img id=em-10]

James-ST Moderator: WCC is close.......note Listed stock

Ken-ST Moderator Short!

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]WCC 76.39[/b]

Cale DJ 11,400

Cale is my guess

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]NBIX 61.76[/b]

hessam volume really low on NBIX..... is that ok?

James-ST Moderator: market soaring........new HOD

Cale yep, volume is okay on that one, it is a bit thin

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]WCC [/b]

scalp lol specialist didnt take my ordser

James-ST Moderator: MEDI new HOD.............grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

James-ST Moderator: LOD

Ken-ST Moderator Update!

James-ST Moderator: i mean

wcblbball let's here it for WC

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

Ken-ST Moderator: nice wc

Ken-ST Moderator: ty

Cale rdy for the major pull back?

Jen doesn't look like it will be a problem

Jen please tell me someone ist still holding WCC, niceeeeeeeeeeeeeeeeeeeeeeeeeeeee!

guru SWFT falling like a rock

Cale hey guru, nice to see you pop your head up :)

johnboy yes Guru, but SWFT is scary, does it blow through its' LOD or bounce........fell too hard too fast imho

Cale nope Jen Got out of WCC, wish I would have stuck to my stratagie, and only took 1/2

hessam I'm still holding...

Jen oh, hessam, beautiful

hessam I just covered WCC at 75.25

Cale Nice H

hessam thank you

scalp wtchg DGX

guru thats correct Johnboy, thanks

hessam are we still short play

Cale looks like PLAY is still open

Cale stealth Rally?

bharat u heard it

Cale whats a Stealth Rally, anyone anyone?

bharat ha.. ask disani.. he has a habit of replacing random words for adjectives he cannot readily find while on camera

Cale LOL

Ken-ST Moderator: Market pulling back

Ken-ST Moderator: toward the 20 ema on 5 min

Jen can't get a fill on DGX

Cale No Ken this is just a Stealth Rally

scalp sorry Jen

James-ST Moderator: Market coming off of multi year highs, stochastics are down

Cale Jen Short?

Jen oh yeah, it looks beautiful

johnboy If I was a millionaire, I'd build a blimp in the shape of a safety pin and moor it over wallstreet, install a bubble machine in Wall Street.......and see if they get the hint

Ken-ST Moderator: lmao

Cale LOL, Johnboy

Rube whats the stop on NBIX?

lbl_blk S&P breaking 50 MA

lbl_blk and then pulling back up

Cale blk, hummm not on my chart, unless i have my settings wrong

James-ST Moderator: rube 1.5% on initial Type A, in this case 60.85

James-ST Moderator: WCC new LOD

Jen I think he's using the 1 min chart

Ken-ST Moderator: 60.83

johnboy I love this commercial on CNBC

jy WCC running

Rube thanks

wcblbball cale... you out of sandisk?

Cale Jen yep okay

Cale WC yes

johnboy Edward Jones is making fun of us

Cale got out at 65.20

Jen Ken, thoughts on DGX short

Cale Jen my 2cents worth is its too late

Jen I will take your 2 cents and appreciate it

johnboy Cale, you can put your two cents in, but Jen will only pay you a penny for your thoughts.....be careful

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Ken-ST Moderator: valid short at a new lod

Ken-ST Moderator: on DGX

Cale good point Johnboy

scalp yep

James-ST Moderator: STLD new LOD

Jen great, thxs

Ken-ST Moderator: lol

James-ST Moderator: hey shawnt

scalp dang missed the rdn trigger

Jen blk lbl, how is your strategy working that we discussed last night?

shawnt has logged out

lbl_blk working really well

lbl_blk you using it at all?

Jen can you tell me one stock to check out so I can view the chart?

the_don has logged out

Jen not primarily

Cale Jen try it on SNDK

James-ST Moderator: Gold down 20 bucks.......

lbl_blk yah try it on anything.. it's pretty good indicaor

lbl_blk working for me so far

lbl_blk it takes some discernment though

lbl_blk where's the S&P going?

Cale James, my GLD is still doing well

Jen so on SNDK, where ADX crossed green MDI, early indicator that it would drop right around 10 a.m.?

James-ST Moderator: yeah, crazy run, minor correction today

lbl_blk i've only really been able to do scalps with it

lbl_blk actually a big buy signal was right at market open but who would look for that with that indicator

Cale not sure thats right JEN, what time frame you using?

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

Jen 5 min

lbl_blk white has to go up with red for a sell and up with green for buy

Pat has logged out

James-ST Moderator: Questions or comments gang? If you are new here, we use the lunch period on walltreet as a time to field questions and discuss anything under the sun

lbl_blk you use it at all for direction with much success cale?

Cale I use it on a reg bases

Cale but you have to have it set up just right

Pontiff Ken I have been phasing in SOF's DAS sytem this week...incredibly quick fills I love it thanks for the recommendation...

Cale Jen thats about right on the 5 min at 10:00

Ken-ST Moderator: np Pontiff

Pontiff they took good care of me too...

Ken-ST Moderator: from what I hear, DAS is supposed to have one of the quickest quotes, being that there servers are getting the feeds directly from the exchanges themselves

Jen I think SWFT is another good example Cale

rdub Ken are u affiliated with SOF, or are they affiliated with harmon?

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Cale Jen do you have the DMI's as red and green?

Cale 2 different lines?

Jen yes

Ken-ST Moderator: Yes Rdub, I am a RR for Stock USA Investments

Cale see on SNDK where the greens crossed the Red at 11:00

rdub ok

Cale and the ADX is pulling down

scalp Ken do you have customer accounts?

Ken-ST Moderator: SOF not affiliated with Harmon

Jen yes, so that is a buy signal?

Cale not untill the Green crosses over the ADX again

hessam ken should we be watching the board for entries..or only the chat area

Ken-ST Moderator: Harmon process their transactions through Stock USA. That is why I am very familiar with their setup

rdub thnkx Ken

scalp ah EBAY hit profit

Ken-ST Moderator: thats why have no problem recommending their services

Cale Plus Harmon supplys Ken with all his Nail Polish

Jen Cale, is there a way to set a filter or alert for when this occurs?

Cale on on SSP, but you can if you use Ensign, and maybe eSignal

Cale I have been playing with eSignal's alerts but ...

Ken-ST Moderator: lol

Cale not on SSP, Jen

Jen darn, Ensign and Esignal or no doubt a monthly/annual fee ?

Cale Yep

lbl_blk hey what does it mean when an exchange is blocked out with X's like this: "XXXU" or is that an exchange?

Jen worth it?

Cale I think so, very good tools once setup

lbl_blk tradestation doesn't charge monthly as long as meet trade quota

Cale not all that good for scanning though.

Jen easy enought to figure out?

scalp what a nice bottom EBAY has

Ken-ST Moderator: will scan for Type C longs soon

Ken-ST Moderator: any questions?

chuck Cale, what length on DMI, 14?

Cale I use 9

chuck ty Cale

Cale Ken: I have a question, Run or Bike today?

Ken-ST Moderator: I like running

Cale okay, run it is

kvr has logged out

Jen Ken, you agree with scalp on EBAY at bottom?

johnboy ride your bike on the treadmill

JP lol

Cale LOL< Johnboy, I like the way you thing!!

Cale hey JP, you been quite these days

lbl_blk you could prob catch 3 or 4 points on ebay in about a week

JP comp issues

Ken-ST Moderator: there is some support there Jen

Jen thxs lbl blk

Cale Jen stay away from EBAY, do you still have a position?

Ken-ST Moderator: ,but

Jen thanks Ken

Ken-ST Moderator: the setups not ideal

Ken-ST Moderator: STLD new lod

Cale amazing WCC lost all its gains and then some today

Cale anyone watching 24 still?

Cale or The Unit?

lbl_blk i still do ALIAS

Cale [b]listents to all the crickets[/b]

Dan PLAY played out

lbl_blk i'm with yah cale

lbl_blk no worries

jg has logged out

Cale Thanks man [img id=em-10]

jy market - what a turnaround

James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PLAY[/b]

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Cale play might be a good TYPE C long

Cale Where is cbat with her very nice type C scanns??

Cale maybe Long at 13.22

jy PLAY - look at the chart - it's a spike from 12.85 to 13.2 in a minute.

jy 90 degree up.

jy very strange.

Cale NBR looks like a good long play

scalp play has a lot of room if it gets going

jy agree

Cale yeppers, someplace between 13.22 and 13.45

Cale but thats just my $.02 worth

Cale but the glass maybe 1/2 empty

jy lunch time break-out on PLAy. /jamesken, what do you think ?

Ken-ST Moderator: none for us jy

Ken-ST Moderator: very risky

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lbl_blk anybody else play under $10 stocks in here

Ken-ST Moderator: WCC new lod

Cale yep

Cale [img id=em-10] love to play them with very tight stops, VERY

lbl_blk they are fun

lbl_blk but and dangerous....which makes them fun

Jen got one to recommend?

Cale Jen another good example of the DMI/ADZ is NITE

Jen thxs, I'll check it out

Cale Jen NMSS

Cale didnt play it but been watching it

lbl_blk the best for me cale on the DMI is min charts

scalp play rock on

lbl_blk you go longer?

scalp got in on trigger

Jen Cale, I'm in PLAY

Cale I am going long at 13.44

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scalp why .44?

Cale just where some of my Fib lines hit

scalp also hod

lbl_blk cale you are a fibonacci sequence

lbl_blk and much too serious today

Cale Thats the 1st thing I learned, good for swing trades harder to use for day trading

Cale LOL, I was told I needed to straighten up and be more Profisional

Cale and also was told to learn how to spel

lbl_blk i think it's crazy how that ratio (golden ratio or whatever) relates to markets

lbl_blk it is prevalent in nature but how does it relate to man made economic systems

lbl_blk must be macro psychology or something

Cale sure, why not, Macro Psychology!! sure!! thats it

lbl_blk or how people react en mass... in supply demand situations

lbl_blk exactly... i make it up as i go along.... that's why you're here to decipher

Cale LOL, I cant decipher Crap

Cale I just am waiting for ****tail hour [img id=em-0]

Cale Jen whats your entry in PLAY?

scalp .07

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Jen I got in at 13.15

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scalp sld 1/2@.40

lbl_blk SP back up to 50

Cale My $.02 is to take profits

Cale not looking all that good inthe short term

Ken-ST Moderator: nice gang

Ken-ST Moderator: nice trading

hessam ken are you still looking at WCC?

Ken-ST Moderator: not right now

Ken-ST Moderator: you have a question?

hessam yes was wondering if there's any money to me made going long here on WCC

Ken-ST Moderator: It may rally from here

Ken-ST Moderator: the only thing missing from our criteria of a long here is support on the daily chart of WCC

hessam gotcha...

Ken-ST Moderator: for that reason we will stay away

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Ken-ST Moderator: I am scanning for Type C long setups right now

hessam cool

Cale hessam did you get the video set?

Cale very helpful

hessam no....

hessam I just signed up yesterday

hessam so far doing well 5 good trades....

Cale my $.02 is to look into it

hessam got wrong footed on WCC earlier because board said long...but Ken went short in the chat room....it switched from long to short ..but lost 30 cents in the process

Ken-ST Moderator: hessam, I think you may be looking at it iincorrectly

Ken-ST Moderator: we post out warning alerts

Ken-ST Moderator: to identify breakout prices

Ken-ST Moderator: we are not initiating a trade until the prices get to that point

hessam rigth i know that now....

hessam thanks....

James-ST Moderator: hehehe, whew

Ken-ST Moderator: ah ok cool

James-ST Moderator: glad it worked hessam, good to hear

Ken-ST Moderator: Im glad you made money this am

hessam just made a little trade on WCC.....from 72.09 to 73

Ken-ST Moderator: very nice hessam

hessam made my 30 cents that I lost earlier in the am back on it

lbl_blk this LNUX is wonderful.... been riding it all day

scalp INTU

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lbl_blk when to get out when to get out

wcblbball where is everyone in the portfolio challenge.. where is furio??

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wcblbball how are you up 49 cents on the day but down -0.83%

James-ST Moderator: wc, you been here long enough to know that dollar amount is the gross

hessam ken....are you looking at SMH at all?

Ken-ST Moderator: to trade?

scalp has logged out

hessam yes

James-ST Moderator: we had some big percentage stops.....some of which were small dollar amounts like play

Cale Ken doesnt trade Indexes

Ken-ST Moderator: just individual stocks

Ken-ST Moderator: you may still apply the strategies to them though

James-ST Moderator: That MEDI stop was brutal this morning.....actually hit and went well past target......on a questionsable stop

Cale Jen did you get out?

Ken-ST Moderator: Are you guys listening to CNBC?

James-ST Moderator: Who is meeting Bush?

Cale where are all the little subtitles under Hu?

Ken-ST Moderator: No Hu is meeting Bush

Cale James, where have you been all morning?

Cale Who Hu?

Cale LOL, I crack myself up

hessam wow WCC really rallying...sold too soon

James-ST Moderator: Trying to figure out who is meeting bush

Ken-ST Moderator: but, my Chinese is still rusty, but I think he said, that the Chinese Government knows that Jack Bauer is still alive!

James-ST Moderator: lmao

Cale LOL

Cale Ken!!!

johnboy lol

wcblbball james i know that but let's just say we bought a 1000 shares of all the stocks we played today and now here we are up $490, wouldn't we have a plus percentage mathematically speaking??

Ken-ST Moderator: yup, you can add me to that list of 24 addicts

Ken-ST Moderator: chronics

James-ST Moderator: yes, if that is the way you trade.....but rather than number of shares it should be should be dollar amount.......

Cale so what do you think about Prz Login?

Cale he is so busted

wcblbball 24 is the greatest show in the history of TV bar none. I have all 5 series on disc and they are renewed to 2008

James-ST Moderator: 1000 shares of GOOG and 1000 of play.....1% is still 1%, but dollar amount no comparison

jy ken, the futures must done well this morning ? hoep you're profitable. shorted at around 10:30 must be 6 or 7 pts. profit.

Ken-ST Moderator: what do I think about his neck that seems to extend from the upper chest straight to his chin?

James-ST Moderator: Sopranos smokes 24 by a mile, and the awards shows it........

Ken-ST Moderator: lol jy, we are even on it

johnboy Trailer Park Boys trumps them all

lbl_blk yah but sopranos is booooring anymore

James-ST Moderator: lmao

jy even ??

lbl_blk i keep waiting for something to happen in new season

Ken-ST Moderator: yup

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Ken-ST Moderator: the new season, there always seems to be someone higher on the totem pole

James-ST Moderator: Medi spiking..........

Cale never could get into the Sopranos

johnboy man, my deaf dog would go insane at the Chicago BOT with everyone doing all those hand symbols.........he'd probably just herd tham all into a corner and nip at them

jy I did a credit spread on the S&P 100 OEX index sell the 595 and buy the 600. got over $1.2 credt this morning. Hope to ride it out tomorrow when they expire. inthe money now by 50%.

James-ST Moderator: hahahhahaha

Ken-ST Moderator: lol jb

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jy Two big earnings tonight - GOOG and SNDK.

James-ST Moderator: market movers definitely

James-ST Moderator: GOOG has done nothing in awhile........

Cale I say Short Both!!!

jy Cale, I checked their options - it's too much money.

Cale really GOOG is?

Ken-ST Moderator: Options are very tricky the day before expirations

James-ST Moderator: premium on GOOG options must be insane today.........

Cale can anyone recommend any good books for starting to learn Options?

James-ST Moderator: hmmm

James-ST Moderator: not that i know......

Cale and Futures, I want to learn both

jy WCC - Type C play - bought @73.41.

Ken-ST Moderator: there is nothing complicated about futures

rdub Options Volatility and Pricing by Sheldon Natenberg

jy sold 1/2 @ 1% still has last 1/2. riding it out.

Ken-ST Moderator: the basis of futures are sorta complicated

Ken-ST Moderator: but if you are just using it as a trading medium

Cale ty rdub

Ken-ST Moderator: its no different than stocks on how it trades

rdub yw

johnboy Cale, I am a borderline idiot, and Ken makes trading futures way easier than stocks........definitely check it out

Cale okay I will so that, just need to find a good platform to trade futures with

Jen did anyone sign up for autotrader thru World Cup Advisors yet? I thought someone was going to

Cale and open an account

wcblbball rdub did u kill on UPC?

Cale Jen can you trade Futures through CyberTrader?

Jen yes, per the commission schedule on my bulletin board

rdub got a nice little pop there ya WC, thanks

rdub u?

Cale oh, I am so switching then

Jen $2.5 per contract per side

Cale is that good?

Cale Ken, do you trade e-mini?

Cale is that the futures?

Ken-ST Moderator: yes that is what i trade

Ken-ST Moderator: I dont trade commodities

Ken-ST Moderator: just the emini SP

Cale so not the e-mini nasdaq?

Ken-ST Moderator: I use the same chart that i use to watch the market

Cale or russell?

Ken-ST Moderator: I watch those two as well

Ken-ST Moderator: but only trade the SP

Cale is $5 in and out good fee?

Ken-ST Moderator: yeah thats good

Ken-ST Moderator: I would invite all in the room to join us in the futures room.

Ken-ST Moderator: You will learn to see the market the way we do

Ken-ST Moderator: it will help with your equities trading

Ken-ST Moderator: My performance has been lacking in the room, but really it does not reflect the benefit of the program

Ken-ST Moderator: I think jb can attest to that.

Ken-ST Moderator: going through an adjustment period now that I totally did not expect

Ken-ST Moderator: let me know if anyone wants a free 1 week trial

Cale sure Ken I would like to try it for a week

Cale what do I need to do?

Cale [b]listens again to all the crickets[/b]

Ken-ST Moderator: http://swingtrades.com/freetrial.htm

lbl_blk hey has anybody used that futures squawk box service that they have online?

Ken-ST Moderator: I think you will get all the info you need there

Cale cool, thanks Ken

Cale you da-man :)

Ken-ST Moderator: np

Cale blk you da-man too

Ken-ST Moderator: I have said it before and will continue to say this.....The money to be made in the equities market day trading is in the first hour

Ken-ST Moderator: after that, ideal play is to trade the futures if you are going to trade anything else

Ken-ST Moderator: hessam called a nice bottom on WCC

Ken-ST Moderator: big move after that

lbl_blk thanks cale...

Ken-ST Moderator: dont be intimidated by the term futures...it really is no different than trading the SPY

Ken-ST Moderator: like a stock but more handsome

Ken-ST Moderator: tons of liquidity, cheap commish.

lbl_blk how is it different?

Ken-ST Moderator: the money to be made is in the first hour in stocks

Ken-ST Moderator: I found that first hour is too tough for futures

lbl_blk too volatile?

Ken-ST Moderator: yes

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Ken-ST Moderator: I have been tinkering with strategies for the first hour but have never found somehting solid

Cale are the trading hours the same as the other stock markets?

lbl_blk they are earlier no?

Ken-ST Moderator: they are actually open all day

Ken-ST Moderator: but the real trading happens during the regular stock hours

Cale so you could trade at 3am?

Ken-ST Moderator: yup

lbl_blk been wanting to do forex for 24hr availability

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]NBIX[/b]

Ken-ST Moderator: nice job for those who were patient in NBIX

jy ty ken, that woke me up.

Ken-ST Moderator: nice jy

jy ty ken.

hessam ken would you look to short WCC here?

Ken-ST Moderator: sorry not part of our strategy

hessam ok thanks

Ken-ST Moderator: we stay away from trading stocks in the middle of intraday ranges

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Ken-ST Moderator: wb benji

benji What's up Ken,

benji Hey everyone

hessam is it because it's too risky to call a move based on TA?

James-ST Moderator: As always gang.....bring up stocks of note, personal trades, or personal trading strategies......we are all here to profit from the market.....the best way to do this is to share knowledge

benji Yea I'm actually going to get a job

James-ST Moderator: Best of all, bring up movie reviews......

Ken-ST Moderator: yes, trends are more unreliable, and choppy in the middle of their intraday ranges

James-ST Moderator: benji, you are college kid too?

benji Yea, James

benji Busy finals week + job interviews

Ken-ST Moderator: what kind of job benji?

benji I got hired at Ruths Chris as bartender

benji I b.s. my way through the wine portion

Ken-ST Moderator: hey, since you liked that What the Bleep movie

jy benji, thenyou can work at night and trade in the daytime. gj

Ken-ST Moderator: I have an interesting topic for you

Ken-ST Moderator: Masaru Emoto

Ken-ST Moderator: do a search on him

benji Yea Jy, that's my plan, It should be $$$ bank time,

benji I figure I have a year for pure speculation, do or die.

Ken-ST Moderator: his worked is based on the properties of water and the effects that Thoughts have on them

jy benji, are youu in college ?

lbl_blk every bartender i've ever known has bull****ted his way through the wine portion...including me

benji Yep, Jy, 18 hours this semester

benji blk, you sling drinks too,

James-ST Moderator: 18 hours pretty tough sched, degree?

Ken-ST Moderator: wow that is rough

jy what's your major ? business or pre-med ?

James-ST Moderator: benji, ruth chris bartender must be some serious cash

James-ST Moderator: just dont report it.....[img id=em-5]

Ken-ST Moderator: lol

James-ST Moderator: nah the IRS will get you

jy serious cash and lots of women.

James-ST Moderator: yep

lbl_blk benji prob rakes in couple hungies a night

James-ST Moderator: i love their steaks

benji James, It is a brand new store, so that is what i'm thinking

benji tax free baby

James-ST Moderator: very nice

lbl_blk actually prob more than that

benji Is there one in Hawaii

benji Blk, i signed my life away; i'm married

Ken-ST Moderator: there is at least 1 in Hawaii

benji Yea, see , maybe they'll let me transfer,

lbl_blk hungies = hundred dolla bills.... or is that what you meant by signing life away

lbl_blk cause i know what that's about

benji oh, I thought you meant hungies as honey's or women

lbl_blk my freaking girlfriend loves buying $800 purses.... i'm like buy something useful

benji blk, I freakin feel for you,

James-ST Moderator: most guys have that problem

benji I have bought her two locoste's in the last two weeks

benji so, i'm not alone

lbl_blk i would understand if it was shoes or something like that but BAGS???

benji no kidding

lbl_blk and how many does she need

James-ST Moderator: wife bought a Coach diaper bag........$10 one at Walmart does the same thing

benji they want bags for every day of the week, casual purse, fancy purse,

lbl_blk exactly

benji Ok, so i'm not alone, i guess it is there genetic right

Jen no, I haven't bot a purse more than $30 bucks since I can't remember

Jen NYC has great knockoffs

James-ST Moderator: ah cool jen, how old are you.? you can be honest we don't know you

lbl_blk lol james

benji Ok, my wife is high maintenance,

Pontiff if you guys handcuffed your women to the stove you would have that problem...

Jen 40

benji lol

James-ST Moderator: cool jen

Jen do I represent a different demographic than your babes?

James-ST Moderator: lmao pontiff

lbl_blk been wanting to do that for a while pontiff

benji yea, i think Jen is just more down to earth and more mature

James-ST Moderator: careful jen, WC has no demographic

James-ST Moderator: "heartbeat"