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The Power of 2% Chat Transcripts


05/22/06 Chat Session

James-ST Moderator: GM all

ozzy gm

Ken-ST Moderator has entered DayTrading Chat

Ken-ST Moderator has become a moderator

Ken-ST Moderator: GM ALL

ozzy gm

limey has entered DayTrading Chat

Ken-ST Moderator: gm ozzy, limey

JP has entered DayTrading Chat

allegrobob has entered DayTrading Chat

claudia MICC?

claudia SHFL?

JP JNPR, OPWV?

James-ST Moderator: gm allegro, jp, limey

Ken-ST Moderator: Added MICC and JNPR

Ken-ST Moderator: will keep eyes on the other

claudia CMTL?

Ken-ST Moderator: CMTL recent range

Penfold has entered DayTrading Chat

chuck has entered DayTrading Chat

James-ST Moderator: gm pen

James-ST Moderator: gm chuck

djg610 has entered DayTrading Chat

Penfold gm

chuck gm folks

pepe2207 has entered DayTrading Chat

Ken-ST Moderator: gm JP, allegro, claudia, Pen, Chuck, pepe

birddog has entered DayTrading Chat

James-ST Moderator: gm pepe, djg, bird

birddog gm

Ken-ST Moderator: gm birddog

jj31 has entered DayTrading Chat

Ken-ST Moderator: gm jj

jj31 gm, Ken, James and everyone

blk_lbl has entered DayTrading Chat

James-ST Moderator: gm blk, jj

mac has entered DayTrading Chat

djg610 gm all

blk_lbl good morning everyone

mac gm

ozzy m

ozzy gm

blk_lbl lol knight templar

blk_lbl somebody contributed to that $224 infusion of cash sony just acquired

Ken-ST Moderator: gm mac, blk

gd has entered DayTrading Chat

Ken-ST Moderator: gm gd

gd gm Ken + all

JP klac

James-ST Moderator: gm gd, mac

blk_lbl 20,000,000 to 1

blk_lbl i like that statistic about options granting

claudia GOLD?

blk_lbl i'm shorting KLAC at open

RoGeRj has entered DayTrading Chat

change has entered DayTrading Chat

James-ST Moderator: blk, nice added

RoGeRj HEY Ken - James All  !!!

kvr has entered DayTrading Chat

rdub has entered DayTrading Chat

Ken-ST Moderator: gm RoG, change, kvr, rdub

annabellab has entered DayTrading Chat

rdub morning

James-ST Moderator: GM RDUB, KVR, CHANGE, ROG, ANNA

change gm all

victor has entered DayTrading Chat

annabellab Gm all

James-ST Moderator: gm victor

rdub GM JAMES

gd shfl

Ken-ST Moderator: gm anna, victor

allegrobob gm all - here to try and learn how it's done

hobo has entered DayTrading Chat

cdy has entered DayTrading Chat

gogo has entered DayTrading Chat

James-ST Moderator: gm gogo, cdy, hobo

Jen has entered DayTrading Chat

gogo good morning

hobo gm

gd joyg

allegrobob klac

James-ST Moderator: have klac

Azco has entered DayTrading Chat

julie has entered DayTrading Chat

Ken-ST Moderator: JOYG in p/d range

James-ST Moderator: joyg needs to clear 49.00

Ken-ST Moderator: SHFL as well

Ken-ST Moderator: gm Azco, julei, gogo, dcy, Jen

travman has entered DayTrading Chat

James-ST Moderator: gm julie, trav, azco

travman gm all

gd thk...they look week

gd weak

Dan has entered DayTrading Chat

Ken-ST Moderator: gm Dan

Ken-ST Moderator: gm everyone

Jen gm

jy has entered DayTrading Chat

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

Ken-ST Moderator: gm jy

jy gm

Ken-ST Moderator: lets do the market assessment:

James-ST Moderator: gm jy

ms has entered DayTrading Chat

James-ST Moderator: gm ms

Azco gm ken

ms gm  all

Azco gm james

Ken-ST Moderator: Daily Chart:   under the 5 day EMA, stoch down

annabellab goog down, bidu up?

Ken-ST Moderator: Hourly Chart:  downternd

Ken-ST Moderator: 5 min chart:  downtrend

jose has entered DayTrading Chat

Ken-ST Moderator: futures are currently down 6 points but still in the previous days range by about 4 points.

Ken-ST Moderator: Overall there is still a downtrending bias to the mrket

Ken-ST Moderator: market

johnboy has entered DayTrading Chat

johnboy good morning everyone

James-ST Moderator: gm jb, jose

hc has entered DayTrading Chat

Ken-ST Moderator: gm jb

Ken-ST Moderator: gm hc

Ken-ST Moderator: gm jose

jose gm James, Ken, everyone!

James-ST Moderator: gm jb, hc, azco, anyone i may have missed

pepe2207 has logged out

dennis has entered DayTrading Chat

Ken-ST Moderator: gm pepe, dennis

James-ST Moderator: gm dennis

dennis gm James and Ken

Ken-ST Moderator: Adding TRID

claudia FFIV?

tryhard has entered DayTrading Chat

A Knight Templar aka Pontiff

tryhard gm

Ken-ST Moderator: FFIV recent range

Ken-ST Moderator: gm try hard, pontiff

Ken-ST Moderator: Good trading everyone

majomx has entered DayTrading Chat

James-ST Moderator: gm majom, tryahrd

jg has entered DayTrading Chat

James-ST Moderator: gm jg

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JNPR 14.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JNPR 14.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JNPR 14.61[/b]

vikm has entered DayTrading Chat

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KLAC 42.42[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KLAC 42.42[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KLAC 42.42[/b]

jg micc

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]XMSR 16.33[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]XMSR 16.33[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]XMSR 16.33[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MICC 43.08[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MICC 43.08[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MICC 43.08[/b]

alex has entered DayTrading Chat

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 36.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 36.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 36.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 36.49[/b]

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]XMSR 16.33[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]XMSR 16.33[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]XMSR 16.33[/b]

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]KLAC 42.42[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KLAC 42.42[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KLAC 42.42[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KLAC 42.42[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]KLAC 42.42[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]KLAC 42.42[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]KLAC  [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]KLAC  [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]KLAC  [/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRID 22.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRID 22.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRID 22.49[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRID 22.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRID 22.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRID 22.49[/b]

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

blk_lbl out klac

Ken-ST Moderator Update!

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

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

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

blk_lbl has logged out

gogo has logged out

blk_lbl has entered DayTrading Chat

Penfold is Teva backward?63?

Ken-ST Moderator: 36.49

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 36.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 36.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TEVA 36.49[/b]

clear has entered DayTrading Chat

Rube has entered DayTrading Chat

Ken-ST Moderator: gm clear, Rube

James-ST Moderator: gm clear, rube

Rube Good Morning.

clear gm moderator

pepe2207 has entered DayTrading Chat

James-ST Moderator: gm pepe

blk_lbl cree

Ken-ST Moderator: ELOS is close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ELOS 20.34[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ELOS 20.34[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ELOS 20.34[/b]

moof has entered DayTrading Chat

birddog rats can't chort on das

birddog short

birddog elos that is

ozzy me either

Ken-ST Moderator Update!

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

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

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

A Knight Templar only 60,000 shares traded so far on ELOS today!!!

blk_lbl cree not shortable eithyer

blk_lbl opwv might actually be along

blk_lbl a long

gogo has entered DayTrading Chat

djg610 has logged out

James-ST Moderator: Wait for a touch of 5 ema on 5 minute cahrt and 1-2 candles of consoldiation for fade the gap triggers on these gap downs gang.

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]TRID 24.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]TRID 24.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]TRID 24.01[/b]

jose has logged out

James-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]NFLX 27.63[/b]

James-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]NFLX 27.63[/b]

James-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]NFLX 27.63[/b]

djg610 has entered DayTrading Chat

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]ELOS 20.34[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]ELOS 20.34[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]ELOS 20.34[/b]

Penfold my broker can't short NFLX

Penfold :(

birddog I'd be careful with going long on OPWV blk

blk_lbl yah had second thoughts too

blk_lbl not in this trend

birddog ouch cant short nflx either

Penfold but DID let me short ELOS... interesting

dennis has logged out

j5 has entered DayTrading Chat

julie l cmtl

Ken-ST Moderator: TRID  a break either way is a trigger

Penfold Do we have a target on ELOS... or just let it ride (with stop in place)?

James-ST Moderator: 20.14

Ken-ST Moderator: we suggest taking profits at 1% past your entry

Ken-ST Moderator: at least some profits

Ken-ST Moderator: stop at 1.5%

Penfold that part I got :)

rdub TEVA long at HOD?

Ken-ST Moderator: back into the p/d range

JP opwv lod?

birddog teva not look good yet for long, i think

James-ST Moderator: SPX, no bounce.....

James-ST Moderator: TEVA lod is actually close

JP TRID close to LOD

birddog teva clos

birddog close

Clyde-Harmon Trading has entered DayTrading Chat

blk_lbl morning clyde

Clyde-Harmon Trading gm everyone

Ken-ST Moderator: gm clyde

Ken-ST Moderator: market off the lows of the day

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KLAC 42.89[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KLAC 42.89[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KLAC 42.89[/b]

Ken-ST Moderator: and still in the p/d range

Ken-ST Moderator: TRID is close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRID 22.49[/b]

Ken-ST Moderator: Initial stop if triggered 23.13

Ken-ST Moderator: KLAC if triggered, stop will be moved to 42.24

jg has logged out

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MICC 43.80[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MICC 43.80[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MICC 43.80[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TRID 22.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TRID 22.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TRID 22.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TRID 22.49[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TRID 22.49[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TRID 22.49[/b]

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

JP Beautiful

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

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

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

cdy no way

majomx yeah...i got in at 23!!!

julie nice

birddog daggone it , I missed it

majomx out 22.2

birddog gj guys

Ken-ST Moderator: gj

cdy ANYONE GET IN AT 22.49????

blk_lbl dna short?

rdub no fill 22.45 with22.45

rdub sorry ... with 22.49 trigger

Penfold I got filled at .40...

Penfold thing fricken jumped

jy KLAC tried to make inew hod but came back down.

rdub market?

rdub mkt order, Pen?

Penfold yup- the stock looked thick enough

Penfold and with that jump you either got filled or forget it...

Penfold I made, what, half my $ with that?

rdub better than zip....gj

Penfold Ken, moving stop on ELOS, or holding?

Penfold rdub= thnx

rdub yw

Ken-ST Moderator: we will hold, as always with the Type A plays.  A tighter stop would be at hod or entry

Penfold ty

annabellab NEM short?

Ken-ST Moderator: Still in trend

Ken-ST Moderator: if yu do venture, we would suggest a tight stop at 49.66

jeff has entered DayTrading Chat

annabellab thnx

jeff gm

jy ken/james, TY for swwingtrade - NUE. real handsome.

blk_lbl has logged out

blk_lbl has entered DayTrading Chat

James-ST Moderator: TRID NEW LOD

jg has entered DayTrading Chat

blk_lbl short NBIX at 19.27

rdub ADBE trigger?

James-ST Moderator: rdbu, we had no trigger set, however lod is valid =

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TEVA 36.49[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TEVA 36.49[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TEVA 36.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADBE 29.96[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADBE 29.96[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADBE 29.96[/b]

rdub thnx!

Rube whats stop for teva?

JP JNPR at HOD?

blk_lbl that software you use is crazy julie

blk_lbl look at cmtl now

blk_lbl very nice

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TEVA 36.72[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TEVA 36.72[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TEVA 36.72[/b]

julie Ive been long 28.12

julie also long PACT

blk_lbl nice

blk_lbl i went in but couldn't handle the pressure on that one

blk_lbl should have held on i gues

blk_lbl s

Ken-ST Moderator: [b]Intraday Trend is Sideways to Up[/b]

Ken-ST Moderator: Market abovve hte 5 EMA, stoch have turned up

Penfold yeah... nice rise on the SPX

jy TEVA looser stop may be 36.81 ?

blk_lbl rack good buy right here

rdub JNPR near HOD

clear has logged out

Penfold r- whats the last HOD on JNPR?

travman has left the room

julie l opwv

James-ST Moderator: pen 15.66

Penfold ty

Penfold James, is that a trigger (15.;67, long)

julie l micc

James-ST Moderator: No, will put it in p/d.

ozzy whats p/d?

JP previous day

ozzy ok tnx

julie out micc...too slow

annabellab OXPS

Ken-ST Moderator: near support area on its Daily

Ken-ST Moderator: stoch just coming up from oversold on 5 min market

annabellab k

allegrobob sndk?

jy TEVA looks like have support @ the $36 level many months ago.

Rube MICC short close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TEVA 36.76[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TEVA 36.76[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]TEVA 36.76[/b]

j5 what's stop on ELOS?

blk_lbl erts short?

James-ST Moderator: j5, all initial stops on Type A are 1.5%

Select a user first

j5 ok still at 1.5%, np

j5 all right guys, cu all tomorrow

James-ST Moderator: blk, erts, could work, pd candle for us, no trigger however

j5 has left the room

James-ST Moderator: ok j5 take care bud

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

Ken-ST Moderator: gang, market mostly in a range today

James-ST Moderator: Questions or comments?

Ken-ST Moderator: and also in the p/d range

Ken-ST Moderator: makes for choppy trading

James-ST Moderator: Use this period to take a break, discuss stock strategies, or bring up stocks of note.........

James-ST Moderator: And, whoever saw DaVinci Code, please offer a review........

djg610 divinci code is average not as good as the book

johnboy didn't you see it James?

blk_lbl was dissapointed jamers

blk_lbl exactly dig

James-ST Moderator: jb, i went to see it.....lines were so damn long......ended up seeing Poseidon

blk_lbl lol... how was it

djg610 the terrible reviews had to be religous people who were offended    it wasn't bad just not great

JP I'm sorry James.

blk_lbl the bad reviews were from snooty cannes critics

johnboy cool James, how did it end?...........lol

johnboy worth $10 bucks?

James-ST Moderator: but, i did watch those DaVinci Code specials on History Channel all weekend......  i don't know the whole story or point.....but, i tell you what, watching all those scientists and historians........there was (is) something going on.......

blk_lbl uh oh.... are you on your conspiracy theorist kick again?

James-ST Moderator: Poseidon (wait for rental /free) - good movie for what it is, plain action, no story.

djg610 conspiracy theorist here

johnboy ty James, if you guys are bored, rent Arlington Road, in my top 10

James-ST Moderator: no blk, not at all,......just that something was going on back then, which no one will ever know.  whether it matters or not.....i dont think so

blk_lbl i saw all those too james..... it's funny howw people think that **** is real

James-ST Moderator: yeah, blk, some of it was far fetched......like they were reaching .......  but hey, a lot of it was amazing

blk_lbl i was intrigued about davinci's last supper (the painting about the chick to jesus right)

djg610 some people base their whole lives on books   that seems crazy to me

blk_lbl ....but there is no way the church could have covered something like that up

blk_lbl and i'm no defender of the catholic church

djg610 opiate of the masses

johnboy I base my whole life on Kurt Vonnegut's "breakfast of champions", my life would be so much easier if I had based it on the bible

James-ST Moderator: lmao

blk_lbl the one thing i took from the movie was how screwed up the catholic church is in waging wars and stuff like that

julie night sorry bout whisper

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

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

allegrobob while we have a break, as someone new here - are there guidelines on now to implement these trades or is that all in the $$$ video?

Cale has entered DayTrading Chat

Cale Good Morning Trading Team

blk_lbl just in time

James-ST Moderator: hey cale

Ken-ST Moderator: gm Cale

Cale oh-la James & Ken

djg610 have a good day all

blk_lbl hey i was raised catholic/christian/whatever but...... i gotcha....

djg610 has logged out

James-ST Moderator: hey allegro, all in the videos

Ken-ST Moderator: Sorry, what do you mean by implementing the trades?

Cale Allegrobob, the Video is well worth it!!!

allegrobob I use Cybertrader  - when you all the "alert" do you suggest setting them up to autoexecute?

hc why was the trigger on the TRID short 22.49? shouldn't it be 22.51?

James-ST Moderator: MICC would be a lunch hour trigger here

James-ST Moderator: hc, round numbers like .50, .25 or whole numbers, or close to those, we usually put a penny past for sure comfirmation of trigger, oftentimes a psychological number as well

julie opwv trigger happy

hc ok thx

allegrobob Thanks Cale - Looks like great info here -  but dispite my years of trading I feel that there are specific things I don't know that are keeping me from getting the most out of this.

blk_lbl cale what the heck is up?

ozzy Ken,James what you use as initial stoploss for gap B ?

Cale up on What BLK?

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James-ST Moderator: ozzy - the opposite HOD or LOD.......we tighten asap

ozzy ah ok thank you

blk_lbl cale what did you do with wc?

James-ST Moderator: Market new LOD.........

James-ST Moderator: Stochastics are down

blk_lbl seriously i miss his yelling at us all the time

RoGeRj has left the room

James-ST Moderator: blk i agree......

James-ST Moderator: miss the guy

Cale WELL YOU SEE WC WAS REALLY ME, IT WAS MY ALTER EGO

James-ST Moderator: hahahhaah

James-ST Moderator: Market new Low for the Year here

Cale kinda like super man, i need to have two identities

blk_lbl for whoever's watching CNBC ,...... you should see all these stupid condo offices all over town for these condos that aren't getting built

johnboy don't they have pills for that Cale?

blk_lbl cale i wouldn't be surprised

Cale the nice guy who couldnt spell, and the other mean obnotcuse one that coujld spell but only in UPPER CASE

Ken-ST Moderator: market just below the p/d lows

julie micc nice

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James-ST Moderator: hey don

James-ST Moderator: nice julie

Cale johnboy, yes they do have Pills but why take them?

Penfold Ken,James... Finally got out of ELOS  at .08 - great pick (still going lower, but thats the way it goes)

blk_lbl no.... no more contractors

Don gm james/ken and all members

James-ST Moderator: blk, yeah, watching that......real estate bubble in LV busted?

James-ST Moderator: nice pen

blk_lbl just the condo market

blk_lbl waaay too much supply

Don rdub u there

James-ST Moderator: LV......need to head back blk, when i do, will give you a call......

blk_lbl you should

rdub hey Don

Don gm sir

James-ST Moderator: I use to go 3-4 times a year......pre - kids......now.........[img id=em-1]

blk_lbl we can talk about area 51 conspiracy theorys

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James-ST Moderator: heck no blk, i get up there, aint wasting time talking

blk_lbl uh oh

blk_lbl lol

blk_lbl good point james

blk_lbl was a joke though

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

julie cmtl up over $1 since entry

blk_lbl = (

blk_lbl wish i had stayed with you on that one

julie opwv on lod looks good I think

Ken-ST Moderator: gm bear

allegrobob James, regarding the video - does the information work with any direct access trading platform or with only a specific one?

blk_lbl type c julie

blk_lbl ?

bearrally morning

julie short

James-ST Moderator: any allegro

blk_lbl gotcha

James-ST Moderator: hey bear.......

julie stock in strong downtrend

bearrally hw was vegas james?

James-ST Moderator: bear what is the threshold for you to visit?  Dow -50?

Ken-ST Moderator: allegro, the video does not go over executions

bearrally threshold?

bearrally what are you talking about?

blk_lbl lol

Ken-ST Moderator: just what we look for when identfiying a short or buy breakout trigger

bearrally dow only worth 6k to me

julie out 1/2 opwv

blk_lbl looks like you be right again julies

julie so afr

blk_lbl i  watch your posts and it's weird how that software you use works

blk_lbl a lot of times the play doesn't work out till like later sometimes

julie weird

julie very

blk_lbl it usually works though

julie the beautiful thing is the stops are very tight

julie great risk/reward

blk_lbl that is sweet

julie and it scnas 10,00 stocks!

julie scans

blk_lbl erts short worked out

bearrally james, i still have boat load of gm

JP What software are you talking about Julie?

Penfold julie, what IS your software?

Penfold (When Julie talks... people listen)

julie this software is not a commercial product yet

Penfold hmm..need any beta testers? :)

Don can we get a demo copy????

Don please

julie lol

Don all of us are your best freinds now

julie wish I could................., but I've signed a CA

johnboy lol, you have a captive audience Julie........milk it for all it is worth

Penfold durnit... comeon... we're worth a $10 mil breach of contract lawsuit!

rdub when she shouts the trades we basically have our demo copy

julie plus the guy is a friend of mine

Penfold true, true

blk_lbl exactly rdub

blk_lbl NBIX short working outalso

julie but I share most of my trades here anyway

Penfold well, promise to tell your friend you have a few OTHER friends who would offer to PAY to help him beta test... ;)

Don most?

johnboy yep, and we appreciate it julie, keep 'em coming

rdub we thank you for that Julie

James-ST Moderator: [img id=em-3]

julie long TUES

limey I am expecting to get alot of money from the UK and I will be opening an offshore acc do any of you have experiance with offshore trading accounts !

julie stop lod

blk_lbl yah send it all to this accn't # >>>>

julie micc lod

James-ST Moderator: limey are you in UK now?

Don cayman islands

Ken-ST Moderator: fyi, for those in NUE short, it has hit profit

limey No in CA but I will get the $ soon from UK

Ken-ST Moderator: market also rallying off the bottom

julie cmtl smooth as a babys B__T

Ken-ST Moderator: from the near lunch time lows

James-ST Moderator: cool limey

julie out 1/4 more micc

Ken-ST Moderator: taking at least some profits is suggested

blk_lbl that's impressive on cmtl

julie cmtl was a great one

julie only need one a day like that

rdub julie your system gives u the exits too, right?

julie only stops

julie initial, not trailing

Ken-ST Moderator: brb gang

rdub interesting

julie I sell 1/2 @ 1%, another 1/4 @2%; and then let the mkt tell mehwen to sel the last 1/4

birddog tell your friend we'll help test drive the software

birddog lol

Ken-ST Moderator: also those in SPWR secondary, should scale out on weakness

Ken-ST Moderator: such as now

Ken-ST Moderator: cant go wrong

julie after I get 1% I raise the stop to even and after the next 1/4 I raise it to a 1% profit

bearrally took 3 months for this market to make all that gain

rdub seems pretty straightforward ... thnx

James-ST Moderator: ELOS new LOD

bearrally took a week to wipe out all that gain

blk_lbl depressing isn't it

blk_lbl glad i'm not fully invested for long term

julie Im invested until the end of the day!

julie :)

limey Hey Bear any ideas on offshore trading !

bearrally limey, you willing to give up 30% of your investment?

bearrally if you you may in china, vietnam, and india

limey no thats what the IRS would take

blk_lbl all you need is a relative or somebody  that sets an account up in their name in another country

James-ST Moderator: wow, the Indian stock market has dropped over 20% in 3 days.....[img id=em-5]

blk_lbl if all you're trying to do is get out of paying the tax

blk_lbl not that i condone that sort of thing or anything

annabellab bearrally, you think we are headed for a 30% decline?

birddog i do

bearrally nope, that is what you have to give up in a form of lobby in those country

birddog stinking theives

bearrally i think till september

birddog thieves

blk_lbl me too but i think cale is a secret irs agent

bearrally lol

birddog figures , I'm caught

limey offshore are legal and I can get the $ easy now I need to trade there are sites on the web

blk_lbl lol

bearrally nothing is illegal

julie KLAC looking lower

bearrally we are allowed to invest offshore

birddog until u get enlightened by uncle sam

birddog show the errors of your way

blk_lbl if you've got tons of money

bearrally i start my company in china in 95 for less than 100k

bearrally vietnam has a huge educated market

birddog india?

bearrally 2500 for an engineer in india, Vietnam $150 bucks

birddog ic

bearrally they only hype over expose country

Cale anyone in Teva?

bearrally and it 6 days a week

bearrally 10 hour work day

bearrally and they are lucky if they have a job paying that good

blk_lbl i'd tell you cale but then you'd make me pay cap gains on it

bearrally avg income there is 62 dollars a month

birddog lol blk

julie goodnite KLAC

bearrally mrk lod

Don nie call on KLAC julie

jy S&P new lod

James-ST Moderator: ADBE, KLAC, XMST, Market new LOD

James-ST Moderator: wow

James-ST Moderator: Dow -100...........

James-ST Moderator: Market new low for the Year

blk_lbl tankiing

bearrally it is so pretty

birddog jnpr gonna come down hard

James-ST Moderator: Dow......what.....minus 800 in 5 days?

bearrally rmbs was 45 3 weeks ago now 25

julie out KLAC

julie lol

Don nice

Dan JNPR upgraded today

bearrally jnpr is worth about 5 bucks

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birddog yea, it'll come down hard

julie IF mkt turn TRID could make a nice move up

blk_lbl anybody short opwv

bearrally i am picking up some ice june 70 call here for 1.6

blk_lbl cmtl not stopping julies

julie I am l TRID

julie bbl

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annabellab long CMTL?

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James-ST Moderator: careful anna, could work out, but quite overbought, and well into a range it has seen on daily charts

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annabellab thnxs.

James-ST Moderator: ELOS new LOD, wo

James-ST Moderator: wow

blk_lbl hibb

blk_lbl klac back for more

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blk_lbl it

blk_lbl 's time for my morning bloody mary

James-ST Moderator: blk, you are college kid right?  do you dorm / on campus?

blk_lbl have house with girlfriend

James-ST Moderator: ah cool

James-ST Moderator: college full time?

blk_lbl living on cmpus no fun

blk_lbl yes but i'm basically done

blk_lbl just taking online summer classes right now

James-ST Moderator: what was major?

blk_lbl journalism

blk_lbl i know i know

James-ST Moderator: cool though

blk_lbl was just easiest path  to graduation

blk_lbl but thanks

blk_lbl ever the diplomat

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

johnboy he was hoping you majored in "malt brewing"

jy TYPE C Trid long @ $23.61 ?

blk_lbl me too

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blk_lbl there are some really cool beers and wine / spirits classes at UNLV since it's like the premier hotel school in the world

blk_lbl but i never took any

johnboy how can a guy live on 182 million a year?

James-ST Moderator: you need at least 200........

johnboy 287 million take home, now that's a good job

johnboy but is he happy?

blk_lbl lol

blk_lbl john is jim

James-ST Moderator: no doubt, he hates life

johnboy I'd probably quit working the nightshift if I had 287 milllion, but boy, would I ever miss my co-workers

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johnboy lmao

James-ST Moderator: hahahahh

James-ST Moderator: hey raianeh

blk_lbl what's the deal with this volvo commercial?

gd It would be tough to ginve up a night shift for 287 mil

raianeh hi

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johnboy yeah, I love the sleep deprivation, social impairment, eating disorders, bloodshot eyes, shorter life expectency, higher divorce rate, higher drug/alcohol dependence rates......too much to give up imho

James-ST Moderator: yes, life would be borign without all that

georgie I've announced my retirement today :)

gd and a deep appreciation for the lesser thing in life...

johnboy congrats GEORGIE, I envy you more than you'll ever know...

James-ST Moderator: [img id=em-3]

James-ST Moderator: where's the party?

gd teva..moving

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georgie London, end of June

blk_lbl bloody marys on me

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James-ST Moderator: be there or be square

Don and vodka redbull

georgie Yep, I'll be the one relieved and tearful all at the same time

georgie But my aim was always to retire before 40 so I'm going for it

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

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johnboy If you get bored with retirement, I could probably get you on at the mill I work at Georgie, they need some nightshift lime kiln workers

johnboy can you pressure weld?

blk_lbl hilarious

georgie I'm a quick learner :)

blk_lbl isn't that one of those jobs where you get cancer like after ayear

johnboy fair warning to all, I have to work the day job (nights actually) for 2.5 weeks, so I apologize in advance for my sleep deprived rants that will undoubtedly be forthcoming

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johnboy pretty much blk, but hey, they give you a dust mask!

blk_lbl well you''ll have to compete with my sleep deprived alcohol inspired nonsense

johnboy game on!

jy Ken, are you long or short the futures ?

blk_lbl i think i just heard james sigh

James-ST Moderator: taking lunch here gang

blk_lbl lol

ms what is stop for teva

jy TEVA stop is 36.76 - I think.

johnboy yep, 36.76

ms ty

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

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

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

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James-ST Moderator: Questions or comments gang?

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Ken-ST Moderator: Ok gang,  we are slowly rolling out of lunch period

Ken-ST Moderator: no early triggers as the market stochastics are in middle of trend

Ken-ST Moderator: so we will be looking toward the 1:30 end of lunch period

blk_lbl poor george lost his  money

Ken-ST Moderator: george?

blk_lbl clooney with his las ramblas failed condo projecvt

James-ST Moderator: yeah

djg610 I bet he can make some more pretty fast though

blk_lbl he will just have to make another one of his hollywood preachfest movies

djg610 oceans 13 oceans 14

annabellab If your order does not get filled in like 1 to 2 seconds, would you say its better to cancel the order?

blk_lbl i actually kinda like him though as an actor

Ken-ST Moderator: scraping by

annabellab it took smart ex 3 minutes to fill my last short order

annabellab by the time they filled the order it started going up again.

majomx short KLAC?

Ken-ST Moderator: we will not issue any early alerts today

annabellab :(

Ken-ST Moderator: we will wait until 1:30

Ken-ST Moderator: anna, auto routes often suck

Ken-ST Moderator: the brokerages what you to use them

annabellab Start Direct access tomorrow for sure.

raianeh whats direct acess?

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Ken-ST Moderator: Direct Access Platfomrs

Ken-ST Moderator: many think etrade and the like are direct access

Ken-ST Moderator: but that is not what is about

Ken-ST Moderator: that is half the battle

Ken-ST Moderator: you need the comprehensive platform

Ken-ST Moderator: Harmon Trading , http://harmontrading.com

Ken-ST Moderator: SOF Direct.com, http://sofdirect.com

Ken-ST Moderator: are two we suggest

Ken-ST Moderator: Harmon Trading benefits lower capital traders

Ken-ST Moderator: as they do not have any patter day trading restrictions

raianeh aha ok

djg610 i looked at harmon and it looked like someone else could lose all your money

annabellab would you say super quick executions are key for profitable executions for day trading?

Ken-ST Moderator: in theory that is the case with any Proprietary trading firm

rdub Ken is it necessary to search for the best route on each trade, or can u pick one like ARCA to use in general that will work most of the time

djg610 has it happened to firms?

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Ken-ST Moderator: but you need to look at how much leverage they extend

Ken-ST Moderator: Only on the ones that offer enormous leverage

djg610 how much leverage?

Ken-ST Moderator: Those that offer standard 4 to 1 on day trading, there isn't really much risk at all

Ken-ST Moderator: imo

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Ken-ST Moderator: Im talking aobut the ones that offer 10:1 and more leverage

blk_lbl sweet sign me up for that

blk_lbl i like the risk

blk_lbl just kidding... that's crazy

Ken-ST Moderator: it is crazy

blk_lbl you'd lose your money in no time

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annabellab leverage is margin?

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Ken-ST Moderator: yes

Ken-ST Moderator: standard 4 to 1 is normal

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Ken-ST Moderator: wb ozzy

ozzy tnx ;)

ozzy do you use trailing stops or just mental stops?

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blk_lbl you guys see that dentist hit that other guy

Ken-ST Moderator: I am not a fan of trailing stops

blk_lbl ?

blk_lbl hilarious

James-ST Moderator: unreal......that 7 year old kid who swam the Alcatraz channel

blk_lbl that

Cale why not Ken?

blk_lbl s crazy too

James-ST Moderator: yeah blk

Ken-ST Moderator: the ideal trailing stop varies from stock to stock

Ken-ST Moderator: there is not magic number to set a trailing stop

blk_lbl that guy just went up and hit him out of the blue

Ken-ST Moderator: it all depends on how volatile the stock is

ozzy i see

blk_lbl classix

blk_lbl classic

Ken-ST Moderator: For me I would trail my stop up tighter as the stock goes further in my favor

blk_lbl i know no one asked but IMO, trailing stops are for longer term investments

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Cale thats the best time to use a trailing stop, when I take 1/2 of my profits then let the rest ride with a trailing stop

Ken-ST Moderator: So if I had a .40 stop when entering, I would probably like to have a .15 stop if the stock was 1.5 in my faovr

Ken-ST Moderator: favor

Ken-ST Moderator: that is ok too Cale

Ken-ST Moderator: as long as you are playing with someone elses money

blk_lbl i just think that if you are daytrading that you should have enough discipline to pull the trigger when necessary

blk_lbl easy to say though and not so easy to do

ozzy yes but sometimes the stock goes the wronf way pretty quick

Cale someone elses monye?

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Cale money?

blk_lbl can't it also gap over your stop too

blk_lbl or is that only with limit orders?

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Ken-ST Moderator: you are playing wiht the House money at the point where you take half off the table

Cale ah

Cale but sometimes I will not take 1/2 and let it run with a trailing stop

Cale blk you are right

birddog atml

blk_lbl i just like to be in control.... not leaving anything up to chance

Ken-ST Moderator: not saying it wouldnt work, just that I am not a big fan of it.

birddog sorry wrong screen

Ken-ST Moderator: I like making the decisions right there

blk_lbl exactly

blk_lbl me too

Cale but I like the fast that if the stock starts to pull back that my trailing stop will catch it and I dont have to think.

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blk_lbl set it ...and forget it

blk_lbl nice if you want to move onto something else

ozzy tnx for the info all

blk_lbl this market is doing nothing

Ken-ST Moderator: ok 1:30 end of lunch period

Ken-ST Moderator: KLAC a little too oversold for us

Ken-ST Moderator: market not near to overbought for us to jump in on that KLAc

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]XMSR 15.99[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]XMSR 15.99[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]XMSR 15.99[/b]

georgie AGYS long at HOD?

James-ST Moderator: GEORGIE VN......

James-ST Moderator: HMMM

ozzy whats the stop on XMSR?

James-ST Moderator: could very well work out.....still in that gap created in early February, if you go long, perhaps use this recent pullback as  a stop 16.33

James-ST Moderator: xmsr 16.34 if we enter

georgie thanks

ozzy k tnx

gd Is xmsr 15.99 or 16.01  I show 16.02 lod

James-ST Moderator: you lod is correct, however, when it is real close to round number we go a penny beyond for positive confirmation.....round numbers often psychological resistance

Penfold me too on the 16.01... James are we looking at a more spread

Penfold nice... I likey the psycho...

gd got it....thk

Penfold thanks for the edumicationing

James-ST Moderator: i learnt two spelll to

Penfold :)

James-ST Moderator: As alwas gang.......yell out stocks of note, or personal trades.....open here......

James-ST Moderator: KLAC would ahve been a trigger at 41.24

James-ST Moderator: 41.62 stop if you ventured in .......

john James, do you have an options trading service? ty

James-ST Moderator: john, sorry no

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john1 ok

john has logged out

john1 any plans to open one soon? ty

James-ST Moderator: hmmm

James-ST Moderator: for trading just options?

James-ST Moderator: no -

annabellab STLD falling

James-ST Moderator: reason being, options, you can be right and still lose money with time premium

James-ST Moderator: George Bush, Dick Cheney and Donald Rumsfeld are flying on Air Force One. 

 

The President looks at the Vice President, chuckles, and says, "You know, I could throw a $1,000 bill out the window right now and make  somebody very happy."

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James-ST Moderator: The Vice President shrugs and says, "Well, I could throw 10 $100 bills  out the window and make 10 people very happy."

James-ST Moderator: Not to be outdone, the Secretary of Defense says, "Of course, then, I  could throw 100 $10 bills out the window and make a hundred people very  happy."

James-ST Moderator: The pilot rolls his eyes and says to his co-pilot, "Such arrogant asses back there. Hell, I could throw the three of them out the window and  make 6 billion people unbelievably happy."

ozzy lol

johnboy lol

georgie lol

john1 lol

raianeh hehe

James-ST Moderator: Market total flat line......note SPX we have remained under all emas for the last several days........

James-ST Moderator: Downtrend until broken......

john1 Vertical Credit Spreads

   Butterflies

   Iron Condors

   Straddles/Strangles

   Directional Puts / Calls

john1 so James, you don't recommend to mess with the above?

James-ST Moderator: hmmmm.......for swingtrading perhaps, but will you get enough move in a stock during the day to make any of those profitable?

Rube short everything

john1 you're right, for swingtrading, for day trading I don't think so.

James-ST Moderator: for earnings especially, jy and bear were doing straddles......

James-ST Moderator: good moves on GOOG and soem others they made  profit

georgie has left the room

limey out TIE 1% 3rd time today

James-ST Moderator: nice limey

raianeh GGC going up and further up

Ken-ST Moderator: Looking for Longs here

raianeh mm

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CMTL 30.89[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CMTL 30.89[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CMTL 30.89[/b]

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Ken-ST Moderator: wb

doc thanks got the boot

blk_lbl alright another awesome day, found some good ones .... gotta go sleep ... out like trout... C U Cats on flippity-flop

Ken-ST Moderator: ok blk

Ken-ST Moderator: take it easy

ozzy bye

blk_lbl laters

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Ken-ST Moderator: scanning market for any sort of plays

Ken-ST Moderator: nothing much

Ken-ST Moderator: Market has been trading under the MAs all day

Ken-ST Moderator: but has just seen a recent surge aboe

Ken-ST Moderator: stoch are up

Ken-ST Moderator: prices above the 5 ema

limey TEVA new LOD close

raianeh ggc is interesting :)

Ken-ST Moderator: [b]Intraday Trend is Sideways to Up[/b]

Ken-ST Moderator: PEIX looking interesting

Ken-ST Moderator: We will pass

Ken-ST Moderator: the bias intraday market is to the upside gang

Ken-ST Moderator: EXXON underfunding their pension program?

Ken-ST Moderator: why?

Ken-ST Moderator: dont they have most of the money in this world?

Penfold because with this congress they CAN

Penfold :)

Penfold no one to step in and say "Play nice"

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