8/10/05 Chat Session
abe: good morning gang
char: gm all
jjwolfe: GM All
Carson-PDT Moderator: gm All
renram22: gm
Carson-PDT Moderator: GM MYRANDO
myrando: gm guys
Carson-PDT Moderator: TYPE A alerts are up
Carson-PDT Moderator: gm Harris
Carson-PDT Moderator: gm Zia
ak has left the room
Carson-PDT Moderator: gm Allen
harris: gm all...
allen5: gm
Carson-PDT Moderator: wb
Welcome to ProDayTrading.com!
James-PDT Moderator has entered DayTrading Chat
Room is moderated
You can now talk
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Carson-PDT Moderator: gm James
James-PDT Moderator: gm all
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bob120 good day all
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Carson-PDT Moderator: gm Pancho
Carson-PDT Moderator: gm Ak
ak gm all
James-PDT Moderator: gm bob, myrando, pancho, bob, ak
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myrando sorry logout by mistake
Carson-PDT Moderator: gm Joseph
Carson-PDT Moderator: np my
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joseph b gm James, Carson ,everyone
Todd-Prophet Trader gm everyone
Carson-PDT Moderator: gm Todd
pancho gm
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Flap gm all
James-PDT Moderator: hey flap
Flap hey james
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James-PDT Moderator: hey johnny
Johnny GM gang!
Carson-PDT Moderator: gm Flap, Johnny
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Carson-PDT Moderator: gm Njord, Ally
James-PDT Moderator: hey njord, ally
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Carson-PDT Moderator: gm Stan
James-PDT Moderator: hey stan
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Njord Gm everyone.
ally hey guys
dennis gm everyone
Carson-PDT Moderator: gm Dennis
Stanley gm all
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Carson-PDT Moderator: wb Harris
Carson-PDT Moderator: gm Kimmron
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kehsha gm
Matt has entered DayTrading Chat
James-PDT Moderator: gm, harris, kimmronn, kehsha, matt
Matt gm all
kimmron gm all.
Hunter has entered DayTrading Chat
dennis gm Matt
Carson-PDT Moderator: gm Kehsha, Matt, Hunter
James-PDT Moderator: hey hunter
Hunter : gm guys
Carson-PDT Moderator: Market Review:
Carson-PDT Moderator: Daily chart: under the 5 day EMA, stoch down
Carson-PDT Moderator: Hourly chart: downtrend
Hunter : hey Todd, no short shares for nihd & snda, could you check on those please ?
Carson-PDT Moderator: 5 min chart: uptrend
Carson-PDT Moderator: Overall we still have a downtrending bias to the market
Carson-PDT Moderator: Futures are loking to gap up about 5 points. Above yesterdays highs.
jy has entered DayTrading Chat
Carson-PDT Moderator: gm JY
jy gm
James-PDT Moderator: gm jy
jy gm
Todd-Prophet Trader Hey Hunter checking on those shorts
Hunter : great, thx Todd
Todd-Prophet Trader mp
Hunter : is that extreme or just regular ?
Hunter : lol
STEVE has entered DayTrading Chat
Carson-PDT Moderator: gm Steve
Carson-PDT Moderator: lol Hunter
Carson-PDT Moderator: ok gang, lets get to it
Todd-Prophet Trader haha. just regular today
Todd-Prophet Trader kind of tired
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PNRA 55.23[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PNRA 55.23[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PNRA 55.23[/b]
Hunter : I completely understand
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NIHD 72.96[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NIHD 72.96[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NIHD 72.96[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CELL 26.01[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CELL 26.01[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CELL 26.01[/b]
James-PDT Moderator: SNDA RELATIVELY CLOSE
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SNDA 33.99[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SNDA 33.99[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SNDA 33.99[/b]
STEVE has logged out
Scooter No shorts on SNDA here
Hunter : Todds lookin scooter
ally me either
Scooter k
ak same
bob120 None at Cyber T
Scooter whos todd?
Hunter : prophet rep
Scooter oh okay
Scooter im with Terranova
Hunter : oh, well darn
Scooter but if he finds some tell hiim to get me some too...lol
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]USTR 46.60[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]USTR 46.60[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]USTR 46.60[/b]
Hunter : ok
Todd-Prophet Trader You are good to short NIHD.
Todd-Prophet Trader No go on SNDA
Hunter : great thx Todd
Todd-Prophet Trader you are welcome
ak USTR spread is huge. Still valid?
Carson-PDT Moderator: TY tODD
James-PDT Moderator: AK, .04 SPREAD
James-PDT Moderator: USTR relatively close
James-PDT Moderator: NIHD relatively close
Carson-PDT Moderator Short!
Carson-PDT Moderator Short!
Carson-PDT Moderator Short!
Carson-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]USTR 46.60[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]USTR 46.60[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]USTR 46.60[/b]
Carson-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]USTR 46.60[/b]
Carson-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]USTR 46.60[/b]
ak look now James. It is a weird one.
jy stop on USTR hod ?
James-PDT Moderator: ah, i see it ak
Carson-PDT Moderator: Y
Carson-PDT Moderator: Careful trading it
ak I stayed out.
steve has entered DayTrading Chat
Carson-PDT Moderator: wb
dennis has logged out
Carson-PDT Moderator Update!
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDA 35.01[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDA 35.01[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDA 35.01[/b]
dennis has entered DayTrading Chat
Zia im from the uk and jst started using dastrader
Zia platform is confusing me
jy USTR low volume
Carson-PDT Moderator: Market new HOD
bob120 stop on ustr
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]USTR 47.06[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]USTR 47.06[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]USTR 47.06[/b]
steve has logged out
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NIHD 74.12[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NIHD 74.12[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NIHD 74.12[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CELL 25.09[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CELL 25.09[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CELL 25.09[/b]
James-PDT Moderator: CELL relatively close
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CELL 25.09[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CELL 25.09[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CELL 25.09[/b]
ee has entered DayTrading Chat
James-PDT Moderator: gm ee
ee gm
Carson-PDT Moderator: NIHD is close
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 25.76[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 25.76[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 25.76[/b]
Njord has logged out
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NIHD 74.12[/b]
Carson-PDT Moderator Buy!
Carson-PDT Moderator Buy!
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NIHD 74.12[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NIHD 74.12[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NIHD 74.12[/b]
Carson-PDT Moderator Buy!
Carson-PDT Moderator Buy!
Carson-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NIHD 74.12[/b]
Carson-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NIHD 74.12[/b]
Carson-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NIHD 74.12[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]NIHD 73.39[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]NIHD 73.39[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]NIHD 73.39[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SNDA 33.99[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]NIHD[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]NIHD[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]NIHD[/b]
Carson-PDT Moderator Profit!
Carson-PDT Moderator Profit!
Carson-PDT Moderator Profit!
Carson-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]NIHD[/b]
Carson-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]NIHD[/b]
Carson-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]NIHD[/b]
jy gj - crs and james on NIHD. ty.
jy it's running a little.
harris nice call on NIHD carson!
Carson-PDT Moderator: gj gang
char thanks guys
jy NIHD new hod
Carson-PDT Moderator: Market slightly under the 5 ema, stoch still in uptrend howerver
jy just exited the second 50%.
Carson-PDT Moderator: very nice JY
jy ty gj cars.
Carson-PDT Moderator: ty
Carson-PDT Moderator Profit!
Carson-PDT Moderator Profit!
Scooter SYNA close
Carson-PDT Moderator Profit!
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]USTR[/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]USTR[/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]USTR[/b]
Carson-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]USTR[/b]
Carson-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]USTR[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 25.44[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 25.44[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 25.44[/b]
James-PDT Moderator: [b]Watching for Type A Short on[/b] [b]SYNA 15.08[/b]
jy PNRA short at 55.23 still valid ?
James-PDT Moderator: Yes jy
bearrally has entered DayTrading Chat
jy ty - PNRA chart looks a little weak ?
Carson-PDT Moderator: gm Bear
bearrally morning all
Carson-PDT Moderator: nice call on your CME bounce yesterday
Carson-PDT Moderator Short!
Carson-PDT Moderator Short!
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SNDA 33.99[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SNDA 33.99[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SNDA 33.99[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SNDA 33.99[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SNDA 33.99[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SNDA 33.99[/b]
bearrally it's all luck carson
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]SNDA 34.38[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]SNDA 34.38[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]SNDA 34.38[/b]
harris SNDA short rejected
harris oh well
James-PDT Moderator: USTR NEW LOD
James-PDT Moderator: PNRA RELATIVELY CLOSE
jy just exited the second 50% at 46.02
James-PDT Moderator: nice jy, low volume.......some volatility, wild ride
Carson-PDT Moderator Update!
Carson-PDT Moderator Update!
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]CELL[/b]
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]CELL[/b]
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]CELL[/b]
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]CELL[/b]
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]CELL[/b]
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]CELL[/b]
Scooter PNRA close
jy yes.om USTR esited all position.
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PNRA 55.23[/b]
James-PDT Moderator: ty scoot
Scooter np
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PNRA 55.23[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PNRA 55.23[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PNRA 55.23[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]PNRA 55.87[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]PNRA 55.87[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]PNRA 55.87[/b]
jy stop on PNRA ? 56.02?
jy guess my is looser.
Carson-PDT Moderator: We are fighting the trend currently so playing little tighter
dennis syna*
James-PDT Moderator: still close and a valid trigger
dennis or not
dennis haha
James-PDT Moderator: You were wondering if SYNA trigger was valid right dennis?
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PNRA [/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PNRA [/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PNRA [/b]
dennis yes
bob120 Daddy needs a new pair a
bob120 shoes
bob120 roll another one james
James-PDT Moderator: LOL
James-PDT Moderator: CELL hod is valid
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SNDA[/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SNDA[/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SNDA[/b]
bob120 hello
bob120 this is fun
jy james, no short availableon SNDA for me.(
jy :(
jy gj
James-PDT Moderator: todd isnt doing his job
ally me either jy :(
James-PDT Moderator: todd, sell your body if you have to, do whatever it takes to get every share available to short on everything
Todd-Prophet Trader lol James. That would bring in a lot of shares to short
jy gj today guys eben without SNDA short
Njord has entered DayTrading Chat
Carson-PDT Moderator: wb Njord
fammari has entered DayTrading Chat
ally lol todd
James-PDT Moderator: wn njord, fam
fammari mornings gang
James-PDT Moderator: lol todd
Njord Hi, Lost connection!
ak James, you are asking to short himself.
fammari seems i missed a good start
char exactly what would he get if he sold his body ?
Todd-Prophet Trader hehe. AK i try not to sell myself short.
Carson-PDT Moderator: Arrested
char lol
Todd-Prophet Trader Sky is the limit Char.
Carson-PDT Moderator: lol
char lol
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Cancel TYPE B Alerts here. 11:00 turn time[/b]
Carson-PDT Moderator: We will be scanning for TYPE C setups
Carson-PDT Moderator: during this lunch hour
Carson-PDT Moderator: Any questions?
ak Torture Time Begins
Zia i have a q
James-PDT Moderator: ok
bearrally cme hod
James-PDT Moderator: Feel free to ask questions or open up private chat by clicking on our name and pressing the button with the two guys sharing a chat bubble
James-PDT Moderator: hey bear, how long have you been in here?
James-PDT Moderator: didnt see you come in
bearrally bout an hour
bearrally james
James-PDT Moderator: lol
bearrally still unpacking
James-PDT Moderator: [img id=em-5]
bearrally can't sleep yet
bearrally not used to the new home
Zia ive just started using DAStrader
Zia and its quite different from my previous uk brokers platform
Zia so im confused
Zia take for examlpe USTR
Zia when it was on 46.80, and u guys set the alert to go short at 46.60
Zia wat are my options for placing an order?
James-PDT Moderator: ah todd can you pick up private chat with him?
James-PDT Moderator: your area
Carson-PDT Moderator: You may place a Stop Short order Zia
Carson-PDT Moderator: or you may wait unitl the stock gets there and send the order
ally lol-- i thought zia was a girl
dennis i have a question
jy USTR ne wlod 45.72 a small runner.
pancho has left the room
dennis i shorted syna at 15.22 a little while ago, and im not sure what to do with it
Zia lol
ally sorry zia :)
Zia most do
dennis what would be a good stop for it?
Zia unles ur up to speed with pakistani politics
ally hard to tell in a chat room
Carson-PDT Moderator: Dennis, SYNA is in a trading range on its intraday chart
Carson-PDT Moderator: still
Zia in which case u will recall the despotic president Zia-ul-Haq
Zia lol
ally lol
Carson-PDT Moderator: The HOD is at its 5 day EMA. That would mark a very pivotal point for the stock
ally i like to think i'm up on politics but that doesn't ring a bell :0)
Carson-PDT Moderator: but it all depends on what you feel comfortable with
Zia PAKISTANI politics
Zia lol
Zia thats quite a different matter
ally lol
dennis ty for the advice carson
Zia thanks here too
James-PDT Moderator: Any other questions or comments?
James-PDT Moderator: CELL close to lunch hour breakdown.......not recomended to trade during lunch hour.......instead observe to see fi there is follow through once triggered
James-PDT Moderator: pos CELL.....our lone loser today looks like it will pan out after all
James-PDT Moderator: USTR lod
Carson-PDT Moderator: Those in ZBRA short, set stop to Entry
jy Exited USTR too early. wow. 45.36
jy ty for the update on ZBRA.
Carson-PDT Moderator: np
Carson-PDT Moderator: Take a look on USTR 's daily chart, there is no support below
jy yes. Cras.
Carson-PDT Moderator: which is a big factor for the runner
fammari has logged out
bearrally it's going to be a slow day today
bearrally see ya all later
bearrally has left the room
ally see ya bear
ee has logged out
James-PDT Moderator: Amazing the waste of taxpayer money on those construction projects......anyone see that on CNBC?
Carson-PDT Moderator: what were they spending it on?
bob120 Gold plated toilet seats
Carson-PDT Moderator: lol
Carson-PDT Moderator: Market going nowhere fast
ally okay guys i watched that mad money last night on cnbc and that guy is nuts
Carson-PDT Moderator: haha, that guy needs some serious decaf
Carson-PDT Moderator: but entertaining
Carson-PDT Moderator: I just hope no one goes out and follows is recs
ally i couldn't even digest what he was saying because his wierdness was so distracting....lol...or entertaining
ally he claimed he was caffeine-free
Carson-PDT Moderator: anyone can make an argument one way or another and make it sound correct.
ally i think he was lying
ally about the caffeine, i mean
Carson-PDT Moderator: Has anyone even tracked what he recommended?
Carson-PDT Moderator: Caffeine free meant he didnt pay for it
ally lol :)
renram22 Carson how do I place a stop short order?
renram22 I use cyber trader
bob120 As strange as Cramer is, I think some of his tips have merit. He is quite nutty though.
bob120 renram, i can help you
renram22 ok
bob120 select stop from the drop down box
bob120 then press short on the type of order you want to send
bob120 sorry quit whispering
renram22 thx Bob120
bob120 sure
renram22 that sounds easy
bob120 you need to enter the price you want to the trade to execute at.
bob120 you may want to try it on the demo first
bob120 till you become proficient
renram22 I'll do that thx
bob120 does anyone hear use stop liimit orders for entry positions. If so do you have trouble with partial fills
renram22 That would be a stop limit order Bob120?
bob120 Some of these market fills have really burned me lately
renram22 ok
Carson-PDT Moderator: bob are you setting Stop Markets to enter?
Carson-PDT Moderator: or are you sending them manually
bob120 stop markets mostly
bob120 on entry and exit
ally bob i got burned a lot early on too...i switched to stop limits and like it better. i usually give 1/4% room to fill
bob120 ally do you use s/l on entry and exit? Or just entry
ally also i don't miss the trigger as often because i was looking at something else
ally just entry
Carson-PDT Moderator: all good ideas. Whatever you feel most comfortable with. Routing will always get better with time and experience
bob120 thanks ally, that is good to know
ally i always do market or stop market on exit
ally not sure if that's the best way
ally but that's what i've been comfortable doing
Carson-PDT Moderator: That is good thinking Ally
ally if things are slow i will do market orders to enter
bob120 I have been using market stops for all exits. taking 1% most of the time
renram22 Thx for all your suggestions...i hope i do get better at this
ally takes time :)
ally i just started with small trades and gradually & slowly increase
renram22 sure!
bob120 some of the spreads were pretty big today. Got out with less than 1 % on some, more than 1% on others.
ally me too
ally i used to always take 1% but i have been trying to ride it out more by watching the charts
ally sometimes it works out and i make more, and sometimes not
bob120 I would love to be able to copy the results of the chart to the left. I am currently sittting at .5% gain on today. Thats quite a bit of slippage. Worst I have experienced thus far.
renram22 these past few days i am taking it a bit slow
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bob120 Still happy with my net results
ally good...just takes time to get the hang of it i think
ally i rarely match the chart...like today, i could not short snda, so i missed that one
bob120 Shortable shares showed up right after entry today on SNDA
bob120 I was able to get a complete fill
bob120 after my first order was rejected
Carson-PDT Moderator: you should consider taking gains at 1% of your entry
bob120 just lucky i guess
Carson-PDT Moderator: by posting the profit alerts we are not saying trend is done
Carson-PDT Moderator: merely saying that 1% is great money management
Carson-PDT Moderator: Its conservative but still very much impactful
bob120 Good to know Carson, I have noticed that alot of the calls hit 1% and sell off.
bob120 I may try that on a few trades and see how I fair.
Carson-PDT Moderator: it is summer though, where the trends are not as powerful and runners may be fewer than normal
Carson-PDT Moderator: move up stops quicker
Carson-PDT Moderator: lighter capital
ally and i am a retard and panicked on ustr...my original stop limit order did not fill, so it sat as a live order...came back and filled me at 46.50...and kept going up and kept going up quick...i hit cover and lost 1%...but it did that so quick i did not want to hesitate and find myself down 3%...and did not think ahead of time about where the stop might be on it
bob120 You gotta expect a few losses in a big operation like this. ha
ally usually i like to make a mental note of a stop and i didnt do it on that one
ally sometimes things like that happen and i keep learning little lessons from it
Carson-PDT Moderator: best way to learn
Carson-PDT Moderator: expensive, but you learn from it
ally there are also times i have cashed in just before the 1% hits and it turns away and never goes back to profit
Carson-PDT Moderator: and its only a real loser if you learn nothing from it
ally yup...you learn from it
bob120 I am the king of "things like that" happening. Still learning for sure.
Carson-PDT Moderator: it never ends
ally that's why my trades are still small...i'm still learning
ally but getting more confident...able to pick a stop and then cars/james post the stop and i was right on
ally so i know i'm getting better
Carson-PDT Moderator: Nice Ally
bob120 great
Carson-PDT Moderator: We look for two things to be in our favor on almost every aspect of our strategy
Carson-PDT Moderator: Stop levels, we look at MAs AND support and resistance area
Carson-PDT Moderator: So if we are playing things tight, we will look for a resistance area just above the 5 EMA
Carson-PDT Moderator: the 5 EMA may be one resistance area for the stock, but add in the last rally high and you have another argument for the stop
Carson-PDT Moderator: if one fails you still have chance at the other. This helps to take out false moves
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Carson-PDT Moderator: We may also look at whole or round numbers
Carson-PDT Moderator: wb Scoot
Scooter ty
Carson-PDT Moderator: for instance, 25 or 25.25 or 25.50
Carson-PDT Moderator: many will place buy orders on these increments
Carson-PDT Moderator: so placing a stop a penny above or below that makes sense as well
ally cars/james do you guys just use 5min & daily charts? sometimes i have a 1 min up too to help with exit price
Carson-PDT Moderator: Sure do Ally
Carson-PDT Moderator: To scan for TYPE B opportunites in the morning we are looking at the 1 min
ally i just started using that maybe a week ago
ally helps imo
Carson-PDT Moderator: when entering the trade, we would normally have three time frames up, the Daily, 5 min and the 1 min
Carson-PDT Moderator: We have pre-made layouts for Prophet Trader's platforms that show this
Carson-PDT Moderator: 5 min charts are used to scan for intraday charts
Carson-PDT Moderator: brb
ally me too..gonna get the kids some lunch...brb
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bob120 http://news.yahoo.com/s/usatoday/20050809/tc_usatoday/studyindatingextravagantgiftskeepongiving Ineresting link, for all you daters out there.
Carson-PDT Moderator: Stoch still in downtrend
Carson-PDT Moderator: market below the 5 ema
Carson-PDT Moderator: well that was fast
Carson-PDT Moderator: we are already at the LOD in the market
James-PDT Moderator: Monitor your 5 minute cndlestick chart of the SPX, Market taking out LOD
Carson-PDT Moderator: Dennis you still in on SYNA?
dennis YES!!
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Carson-PDT Moderator: nice patience
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dennis any thoughts?
Carson-PDT Moderator: still the same as what I stated earlier
Carson-PDT Moderator: In an intraday trading range
dennis k
Carson-PDT Moderator: the breakdown is 15.08
James-PDT Moderator: Oil nearing all time high
James-PDT Moderator: ally, if doc dave was in jail, would you shoot the guards to free him like that lady did yesterday?
ally lol james
ally i think if he was in jail for something like armed robbery i wouldn't want him back :)
James-PDT Moderator: for better or worse
James-PDT Moderator: lol
ally lol...hmmm..did i say that?
James-PDT Moderator: lol
Carson-PDT Moderator: lol
James-PDT Moderator: [b]TYPE A"S ARE THREATENING TRIGGER GANG[/b]
ally sometimes it feels like the hospital is a jail
James-PDT Moderator: oil nearing 65 bucks
ally i can go visit
Carson-PDT Moderator: hmmm, well they do have visiting hours
ally but he can't leave
ally lol
James-PDT Moderator: how is his residency going?
ally not bad i guess...way better than the program he was in for 2 yrs in wisconsin
bob120 james I think ally is calling that a sentence
ally they are actually letting him operate here
James-PDT Moderator: what is he changing to? specialty?
James-PDT Moderator: yeah bob
ally originally was in surgery residency but it was a bad program...stuck it out for 2 yrs and it wasn't getting better so he quit
ally spent the last 2yrs as an er doc full time
ally but wasn't happy there either
ally giving surgery a second shot...hoping a different place would be better
ally so far it is :)
James-PDT Moderator: neat
ally but he has to repeat a year to get this spot :(
ally but overall it is worth it
ally only 4 yrs to go--ha
James-PDT Moderator: my dream was to be a gynecologist, then i found out you don't need actual schooling
James-PDT Moderator: lol, inappropriate joke
dennis lol
bob120 yikes
Scooter lol
ally lol
James-PDT Moderator: 4 more years of schooling ally.....i dont think i could handle another day
bob120 drum roll lol
ally formally educated gyns dont have nearly as much fun anyway james
James-PDT Moderator: i would think so......not only do you get jaded.....but you would see the very unglamourous side of it.....
ally yup...dave says 'very unglamorous'
ally he just called
ally says hi to you guys
James-PDT Moderator: tell him hi
James-PDT Moderator: Market making a nice bounce.......testing the 50 ema after falling below it, stochastics coming off of oversold elvels
James-PDT Moderator: levels
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Carson-PDT Moderator: wb ee
James-PDT Moderator: hey ee wb
ee thanks
Carson-PDT Moderator: brb
furio i will test a citation tonight
furio nm sorry
Carson-PDT Moderator: back
Carson-PDT Moderator: lol
bob120 furio are you a pilot? citation?
joseph b has logged out
bob120 I sold my last plane a couple of years ago
bob120 i had a 96 a36
James-PDT Moderator: you still fly bob?
bob120 used to be in the crop dusting business 20 years
bob120 not any more
furio they make god stuff
James-PDT Moderator: some triggers for now gang.........
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NIHD 75.52[/b]
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NIHD 75.52[/b]
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NIHD 75.52[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PNRA 54.15[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PNRA 54.15[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PNRA 54.15[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CELL 24.49[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CELL 24.49[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CELL 24.49[/b]
James-PDT Moderator: Right now it appears the 50 ema has held as topside resistance for the market........stochastics on the verge of heading back down, a bit off the LOD
Carson-PDT Moderator: Stoch still in uptrend however
Carson-PDT Moderator: Market above the 5 ema
furio I fly off McCollum airport
Carson-PDT Moderator: Watching the 20 ema and 50 ema
bob120 Yeah they are fast. I'm 6'1" weigh 300lbs. tight fit for me
bob120 sorry furio
ee has logged out
Scooter I fly off the handle on occasion!
Carson-PDT Moderator: lol
Scooter :P
Carson-PDT Moderator: PNRA relatively close
ally hey guys what do you think of VLO?
Carson-PDT Moderator: it has a nice look to it Ally
jy check this stock out - PLB down 34%
Carson-PDT Moderator: hmm people going low carb abain?
Carson-PDT Moderator: again
Scooter CELL
James-PDT Moderator: Market sliding
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CELL 24.49[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CELL 24.49[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CELL 24.49[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 24.92[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 24.92[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 24.92[/b]
ally what about shorting csco
James-PDT Moderator: pretty valid ally
James-PDT Moderator: easy to place a real tight stop, and does not get any more liquid than that as far as entry and exit
ally i got a liile bit of it first thing this morning...don't wanna press my luck...lol
James-PDT Moderator: very nice ally
James-PDT Moderator: Market new LOD
Carson-PDT Moderator: Market new LOD
renram22 SYNA?
Scooter SYNA close
Carson-PDT Moderator Update!
dennis pos syna
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]SYNA 15.08[/b]
dennis shouldve stayed in it longer
Carson-PDT Moderator: Still on it Dennis?
dennis nope
dennis :(
Carson-PDT Moderator: breakeven?
dennis pretty much
dennis it just wouldnt go below entry, wel until now
dennis my entry was at 15.22 though
Carson-PDT Moderator: well its better than getting shaken out in a trading range and covering higher
Carson-PDT Moderator: many day traders make that mistake
dennis vey true
dennis i know all to well
dennis very*
ak BIDU dropping smoothly
ally where is bear? wonder if he is shorting it...lol
Flap market dropping smoothly as well...
Carson-PDT Moderator: Market new LOD
James-PDT Moderator: Back into yesterday's range, guess no conviction in this morning's bounce
James-PDT Moderator: Have you guys seen that 9-11 commercial yet? With the recording playin of th lady talking about the locked cockpit?
James-PDT Moderator: Chilling.........
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ally james they must show different commercials here...are you watching cnbc?
James-PDT Moderator: yes, but it is for the History Channel i think
bearrally ally, morgan only willing to loan 500 shares
James-PDT Moderator: hey bear, we were just wondering where you were
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ally bidu bear?
bearrally yes, bidu
ally did you get it?
bearrally only 500 shares
ally cool
bearrally they told me that they only do it as a favor
bearrally still riding goog
James-PDT Moderator: that is unreal bear.....still cant believe you got some too short
Hunter : bear did you have to kiss the godfathers ring ? ! lol
James-PDT Moderator: lol
bearrally they do do favor
bearrally i've been with them for 10 yrs
James-PDT Moderator: SO much for Dow's 100 point gain.....market turning red
bearrally and they handle all my venture in china
bearrally hunter, lol
Hunter : thats good bear, just have to tease ya, just got back from the airport, and about to sign off, had to give somebody grief ! you just gotr lucky ! ! lmao
ally hey do you guys have any good investing magazines to recommend? i've been trying to research online and it seems like i gotta pay for the info...and being fairly new at this, i don't know where to start
jy what happened ? market down.
Hunter : Ally try the gamblers digest ! lol
bob120 I figured that was your slant. I looked at AMAT too. It closed at on 50% retracement from high to low on day. In my trading I always consider the days trading range in relationship to the close, for gap trades.
ally lol hunter...this does feel like gambling to me!!
bearrally goog lod
ally or maybe this website is all i'll ever need :)
James-PDT Moderator: [img id=em-3]
bearrally oil hitting 65
James-PDT Moderator: well, keep picking people's brains
bearrally looks like it is going to 70
Hunter : we can only hope, thats for me 2
James-PDT Moderator: yes crazy bear
Johnny Ally - I think there's a magazine called "Active Trader" but I've never read a copy. Anyone know anything more about it?
bearrally reallity is government subsidize our gasoline a lot
bearrally in china they are already paying $6, europe already 5
ally thx johnny...i'll check it out
James-PDT Moderator: actually bear, i think in europe it is closer to 9 bucks a gallon
furio 6.2 in Italy
James-PDT Moderator: wow
James-PDT Moderator: i too would be driving those little scooters too
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furio lol you bet
bearrally sorry i was talking about europe when i was there when oil still around 50
bearrally we were paying 2 bucks
bearrally if goog break 284, look out below
bearrally i am still very bearish with the market, and our economy
James-PDT Moderator: thus.........your name
bearrally lol
Carson-PDT Moderator: GOOG another nice example of what I was referring to yesterday
Carson-PDT Moderator: If you take a look at its daily chart, the break in trend took it quickly below its 20 day EMA.
Carson-PDT Moderator: to start the change in trend
Carson-PDT Moderator: Then it entered into a sideways trading range at its 20 EMA, which was broken to the downside today
ak GGOG and BIDU cpmeteing today on Loosing point basis.
ak competing
ak GOOG. lol
Carson-PDT Moderator: Market surge above the 5 ema
Hunter : take care all, good luck this afternoon
bearrally lol
James-PDT Moderator: ok hunter take care
Carson-PDT Moderator: ok Hunter
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bearrally have a good one hunter
bob120 Anyone out there a candlestick guru?
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ally im taking off here guys...can't stand all the excitement :)
ally see ya tomorrow
ally has left the room
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dennis anyone still in cell?
bob120 Would you consider todays daily bar on the S&P an inverted hammer or a shooting star?
bob120 I am Dennis
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dennis what was your entry?
bob120 24.50
jy Ally, CSCO lod 18.34
James-PDT Moderator: ally just left
bob120 what about you dennis
dennis 24.60
dennis heh
bob120 wow
bob120 wanna trade
jy guess iwasn't apying attention.
dennis lol
renram22 i am too dennis
dennis nice
jy hope CELL will come down soon.
renram22 hope so
renram22 its taking too long
jy yup.
dennis yeah, it is taking its sweet time
Carson-PDT Moderator: Bob Inverted hammer is a bullish reversal while Shooting star is a bearish one
dennis im just glad im not missing out on any other trades'
Carson-PDT Moderator: it all depends on what kind of trend it is in
bob120 I understand. In your opinion which one is happening today.
Carson-PDT Moderator: today would be considered a shooting star
Carson-PDT Moderator: not a real reliable pattern
bob120 thanks carson
Carson-PDT Moderator: np
Carson-PDT Moderator: it is unreliable because we are more or less in a congestion
Carson-PDT Moderator: it becomes more reliable at the top or bottom of a trend
bob120 Ty carson
bob120 i am always looking for some help. I have shorted the market. wishing for some confirmation of my current position.
bob120 guess I will see which hand fills up first. ha
James-PDT Moderator: ah yes, i remember bob you said you bought puts 1242ish.......looking pretty good now
bob120 yeah. things have a way of changing around me though. I am hoping for the best.
James-PDT Moderator: [img id=em-3]
Carson-PDT Moderator: The most reliable candlestick pattern that I notice is one where you have a big bullish green candlestick followed by a big bearish candlestick totally under the previous days candle
Carson-PDT Moderator: same goes for a bearish followed by a bullish candle
Carson-PDT Moderator: its not often that I see them
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Carson-PDT Moderator: USNA just made one in early Aug as an example
Carson-PDT Moderator: I rarely see it fail
bob120 good to know
Carson-PDT Moderator: come on CELL
Carson-PDT Moderator: give it up
jy Cars, that's 8/2 and 8/3 on USNA
James-PDT Moderator: Market new LOD
bearrally carson/james, you guy neet to start working
bearrally lol
Carson-PDT Moderator: alright Bear
Carson-PDT Moderator: Where is my monkey and his darts
bearrally lol
bearrally yeah, that seem to work for me
bearrally lol
Carson-PDT Moderator: lol
Carson-PDT Moderator: Does anyone know how fast Zebras are?
James-PDT Moderator: hahahaha
dennis 40mph
Carson-PDT Moderator: really?
dennis yep
Carson-PDT Moderator: Because ZBRA is moving rather slow......its annoying
Carson-PDT Moderator: lol
dennis lol
Carson-PDT Moderator: I thought that was a quicker mover
bob120 More like a MULE huh?
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Carson-PDT Moderator: lol, yup
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Cancel all TYPE A alerts[/b]
Carson-PDT Moderator: We will not establish any noew shorts this late in the day with the stochastics oversold like this
Carson-PDT Moderator: new
jy CArs, ZBRA is slow but it's getting us there.
Carson-PDT Moderator: lol
Carson-PDT Moderator: yes JY, slow and steady wins the race
Carson-PDT Moderator: just surprised at how it moves, I really thought it was a mover
jy yup :)
jy it's a good day for us.
Carson-PDT Moderator: yes, CHKP finally moving too
ak Checking its price at every point. Too Slow
bearrally do i see 100 points drop?
Carson-PDT Moderator: lol AK
jy bear, fromhod to now is a drop of 139 pts. or so.
bearrally imo, summer rally is about over
Matt cu gang
Carson-PDT Moderator: ah ok ZBRA there you go
bearrally have a few sell on futures
Carson-PDT Moderator: ok Matt have a good one
jy can't believe CSCO drop close to 7% 1.36 pts.
jy ZBRA profit........
Matt has logged out
bearrally between csco & msft, both are printing shares for profit, nobody is making money
bearrally payrolls are generated from selling stocks
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 24.76[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 24.76[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CELL 24.76[/b]
bearrally don't know how the 2 scams are going to last, but will watch and see
bearrally in due time public will pay dearly for them
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Cancel All Alerts[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]CELL [/b]
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]CELL [/b]
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]CELL [/b]
ak CELL go to HELL
Carson-PDT Moderator: yup
Johnny has logged out
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Carson-PDT Moderator: any questions gang?
bob120 When does the stinging stop?
bob120 lol
jy cars, gn and hope for a better tomorrow. decent day despite CELL. thanks. cu all.
Carson-PDT Moderator: ok JY
Carson-PDT Moderator: have a good evening
ak Will September be like this?
jy gn james.
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Carson-PDT Moderator: In my opinion this is the toughest month to trade
Carson-PDT Moderator: every month, every day brings opportunities however
ak I heard somewhere that September is also a tough month.
bearrally goog try to make new low
ak True Carson.
bearrally best months for trading: jan, april, july, and oct
Carson-PDT Moderator: earnings months
bearrally yup
bearrally lol
Carson-PDT Moderator: Jan to May are good
Carson-PDT Moderator: Oct to Dec also good
bearrally at least they have always been good to me
Carson-PDT Moderator: I agree Bear
Carson-PDT Moderator: Market above the 5 ema, stoch have come up through the oversold area and in uptrend
Carson-PDT Moderator: break in trend noted, going into the last half hour
bearrally looks like we will close down about 50 points
James-PDT Moderator: big difference from +100
James-PDT Moderator: Ok guys wrap it up........
furio have a great night everyone
furio has logged out
char thanks guys see ya tomorrow
char has left the room
James-PDT Moderator: ok char take care
Carson-PDT Moderator: Ok gang, have a great evening
kimmron gn and ty all. it was a good day
Carson-PDT Moderator: See you all tomorrow 8:45 am est
bob120 see ya have a good night.
Carson-PDT Moderator: good to hear Kimmron
Carson-PDT Moderator: have a nice evening
Carson-PDT Moderator: gn Bob
Carson-PDT Moderator: take care all
Carson-PDT Moderator is no longer a moderator
James-PDT Moderator: awesome kimmron, take care bob
Carson-PDT Moderator has logged out
bob120 thanksfor the info today carson
bob120 james
James-PDT Moderator: just missed, but i will take the credit........yw bob
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ak bye all. C U in the AM |
