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Our Strategies

The Power of 2% Chat Transcripts


9/26/05 Chat Session

jose has entered DayTrading Chat

jose gm, James, jjwolfe

char has entered DayTrading Chat

James-ST Moderator: HEY JOSE, CHAR

char gm all

caillou has entered DayTrading Chat

James-ST Moderator: gm cailou

caillou hi

caillou James?

James-ST Moderator: yes?

kim has entered DayTrading Chat

ak has logged out

caillou do your selections give any consideration to S/R or simply on the daily high /low

James-ST Moderator: We look back on the daily charts, about a year, for congestion areas or resistacne support elvels.

James-ST Moderator: levels

James-ST Moderator: Ideally, we would like to find stocks that are tradign into new territory

caillou right

caillou if a stock show resistance though will you still go w/it if it is making a hod

James-ST Moderator: Yes, on the second hod after some consolidation, and if a stop can be identified, we won't chase a stock.

ak has entered DayTrading Chat

James-ST Moderator: hey ak

ak gm james

Todd SOF Direct has entered DayTrading Chat

James-ST Moderator: GM TODD

Todd SOF Direct gm everyone

pvg6799 has entered DayTrading Chat

James-ST Moderator: HEY PVG

pvg6799 gm

steve has entered DayTrading Chat

James-ST Moderator: hey steve

Njord has entered DayTrading Chat

James-ST Moderator: hey njord

Njord Gm James - all!

Violet has entered DayTrading Chat

James-ST Moderator: hey violet

Violet gm James

jy has entered DayTrading Chat

James-ST Moderator: hey jy

jy gm

kehsha has entered DayTrading Chat

kehsha gm

Hunter has entered DayTrading Chat

James-ST Moderator: Futures up about 5 points.......some high cap stocks making new highs like GOOG.....

James-ST Moderator: hey kehsha, hunter

James-ST Moderator: Yell if you see any stocks of note

Hunter : gm guys

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PALM 30.61[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PALM 30.61[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PALM 30.61[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AAPL 54.31[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AAPL 54.31[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AAPL 54.31[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GOOG 321.01[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GOOG 321.01[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GOOG 321.01[/b]

James-ST Moderator: AAPL CLOSE

ally has entered DayTrading Chat

James-ST Moderator: be patient on short triggers gang.......a touch of the 5 ema on the 5 minute chart and a few bars of consolidaiton

James-ST Moderator: hey ally

ally hey guys

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GOOG 318.30[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GOOG 318.30[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GOOG 318.30[/b]

James-ST Moderator: GOOG is a valid trigger either way

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AAPL 53.69[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AAPL 53.69[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AAPL 53.69[/b]

James-ST Moderator: GOOG close to LOD trigger

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 29.87[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 29.87[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 29.87[/b]

James-ST Moderator: Looks like the market wants higher......just can't do it......Market stochastics are up.....above all moving averages

ally VPHM might be good today if it hits 19 bucks...at 18.45 now

ally or tomorrow...lol

James-ST Moderator: yes, a break of that would be nice

James-ST Moderator: PAYX a nice mover, wath out for the 35 area......bumped its head there many times int eh past

James-ST Moderator: watch

steve gotta refresh

steve has logged out

ak WAG short LOD

Hunter has logged out

James-ST Moderator: very nice ak

ak has logged out

James-ST Moderator: GOOG close

James-ST Moderator: PLMO close

James-ST Moderator: Market new LOD

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GOOG 318.30[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GOOG 318.30[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GOOG 318.30[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]GOOG 318.30[/b]

caillou has logged out

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GOOG 320.01[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GOOG 320.01[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GOOG 320.01[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GOOG 320.01[/b]

James-ST Moderator: PALM CLOSE

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PALM 29.87[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PALM 29.87[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PALM 29.87[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 30.34[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 30.34[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 30.34[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 30.34[/b]

jjwolfe has logged out

James-ST Moderator: Left panel, some server problems

James-ST Moderator: Anyone else having problems with the left panel?

jy i did

ally mine needs refreshed too...brb

ally has logged out

James-ST Moderator: Market new LOD

James-ST Moderator: AAPL CLOSE

jy has logged out

James-ST Moderator: AAPL CLOSE TO HOD TRIGGER

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AAPL 54.31[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AAPL 54.31[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AAPL 54.31[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AAPL 54.31[/b]

jose James, stop on AAPL LOD?

James-ST Moderator: yes, will look to tighter, but right now that is best stop

James-ST Moderator: wow, where the heck is everyonE?

James-ST Moderator: I think we are having server issues

jose ty

jose no problem here with server.

James-ST Moderator: Yeah.....sometimes when the server has problems, some can get in, some cannot

kim Man, sure a slow morning all the positions are stuck

James-ST Moderator: yeah.......

James-ST Moderator: But note from your top 10 list, we are playing the biggest movers of the day with the most volume.........

James-ST Moderator: There is nothing out there moving better than the 3 we are in

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

kim That makes it even more strange  everyone on vacation like on this board

James-ST Moderator: yes

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 53.99[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 53.99[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 53.99[/b]

James-ST Moderator: Very nice tight stops

jose James, on PALM $30.18 for a trailling stop? ty

James-ST Moderator: hmmm

James-ST Moderator: you are short at 30.18?

jose PALM short at $29.87

James-ST Moderator: 30.34 is still the same stop......stuck in a terrible range right now.......will try to tighten, one sec

James-ST Moderator: GOOG new LOD

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]GOOG[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]GOOG[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]GOOG[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]GOOG[/b]

James-ST Moderator: Very nice......playing with their money

kim very nice!!! over $2 their money

James-ST Moderator: Need to hit profit.........

James-ST Moderator: PALM in the money

James-ST Moderator: AAPL.......up a penny......dont spend it all in one place

James-ST Moderator: Anyone have the left panel?   We are still having server issues.......PALM and GOOG short.......and AAPL long should be open positions

jose The panel is not refreshing.

kim I don't have it

James-ST Moderator: Yep, hang in there........still working on it.........

James-ST Moderator: PALM and GOOG......reasonably handsome

James-ST Moderator: Anyone see any stocks of note out there?  Anything moving?

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PALM[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PALM[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PALM[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PALM[/b]

James-ST Moderator: no profit

James-ST Moderator: almost though

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

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

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

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

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

James-ST Moderator: Feel free ti bring up any conversation, very light crowd today..........please keep me awake

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

jose James, how long have you been trdaing?

James-ST Moderator: hmmmmm

James-ST Moderator: 13 years maybe

James-ST Moderator: actively........but i mentioned before.....i bought my first stocks our of high school, Coke and Nike, lol

jose nice

jose where is Ken today?

James-ST Moderator: We have seen this before gang on DAILY charts......IF GOOG closes the gap, on the daily charts that will often set up as a reversal.........

James-ST Moderator: It does not necessarily mean GOOG will go down......it just means that the uptrend is broken and GOOG will most likey trade sideways to down.........

James-ST Moderator: jose, ken will be off for a few days.....

James-ST Moderator: Anyone else with questions?

kim Have you heard anything from flap.

James-ST Moderator: nada, he may have left us[img id=em-2]

James-ST Moderator: I dont have access to membership......so i have no idea who is with us or note

James-ST Moderator: not

kim You would have thought he would have said something

James-ST Moderator: yes, that is why i didnt think he left

James-ST Moderator: PALM pretty handsome

kim I'm still riding palm

James-ST Moderator: vn kim

kim Here anything from Carson

kim Hear

James-ST Moderator: nope

James-ST Moderator: but i believe he may have sold his interest.......some changes going on........  supposedly we will see some commercials and such on tv

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 54.15[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 54.15[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 54.15[/b]

jy has entered DayTrading Chat

James-ST Moderator: hey jy wb

James-ST Moderator: any server problems?

jy Was the server down ?

James-ST Moderator: yes, i think we are encounterign server problems

jy I couldn't log in since 10;05 or so.

jy how about the left panel ?

James-ST Moderator: yes, sorry about that, appears many can't login right in............

James-ST Moderator: now

James-ST Moderator: yep, it is broken at this time [img id=em-4]

jy i exited Palm.

James-ST Moderator: profit?

jy yes.

James-ST Moderator: GOOG got 2 bucks intot he money........stop set to entry.

James-ST Moderator: AAPL is dead even right now, but we have raised stop to 54.15

ak has entered DayTrading Chat

James-ST Moderator: hey ak, sorry about sever problems

Hunter has entered DayTrading Chat

ak I know. Today was the longest

James-ST Moderator: hey hunter........man it was lonely without you guys

Hunter : walmart servers !

James-ST Moderator: Good news gang.....If you experienced server difficulties, our server company let us know that only the handsome ones had problems

Hunter : lol

ak James is left panel still not working

ak nothing open? hmm it seems you had three open while we were were booted

James-ST Moderator: Ok, i think they fixed it..........should update shortly.........no ak, we had server problems

James-ST Moderator: because we are handsome too

James-ST Moderator: PALM not bad

James-ST Moderator: GOOG stop at entry, AAPL 54.15

ally has entered DayTrading Chat

James-ST Moderator: Bring up any stocks of note.........although i believe we are playing the most active stocks of the day.

James-ST Moderator: hey ally wb

caillou has entered DayTrading Chat

James-ST Moderator: ally, left panel looks updated to you?

ally hey thx

James-ST Moderator: wb caillou

ally yes updated

ak it is now. thx

caillou u guys having tech issues?

James-ST Moderator: note, we had server problems........many of you were booted and were unable to get back in, and the left panel was stuck........only if you were handsome did you find yourself booted..........

James-ST Moderator: but, the more handsome people were still here......[img id=em-3]

ally lol

steve has entered DayTrading Chat

James-ST Moderator: hey wb steve, read up......tech problems noted

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GOOG 317.34[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GOOG 317.34[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GOOG 317.34[/b]

James-ST Moderator: Trailing stop set in profit, still in a nice downtrend, stochastics down and trading below moving averages on 5 minute cahrt

James-ST Moderator: Questions or comments?

kim Got 2% on Palm, got to get out there   Thanks James

James-ST Moderator: ok kim

ally VPHM guys

James-ST Moderator: take care

kim has left the room

James-ST Moderator: vn ally, will look at it after lunch

James-ST Moderator: ally, how was your weekend?

caillou has logged out

ally good...dave was off...nothing exciting...just hanging out

James-ST Moderator: ah, the best kind of weekend........are you a cornhusker fan?  or Cougar fan?

ally he's on a rough stretch...working about 120 hrs/wk

caillou has entered DayTrading Chat

ally lol...no huskers for me

ally dave's family are husker nuts...my dad & i went to iowa state

ally just a little tension there

ally haven't followed the cougars for a while

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

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

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

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

Select a user first

James-ST Moderator: ah ally

ally honestly my time watching football & basketball has dropped off drastically since i had kids

James-ST Moderator: yep, know the feeling

ally now it's dora and blues clues all day...lol

James-ST Moderator: hahahha, barney and Cailou for me

ally lol...thank heavens we are past barney now

James-ST Moderator: VPHM ally, see that break, you are in it?

ally yup  :0)

James-ST Moderator: [img id=em-10]

James-ST Moderator: Taking lunch here brb

jy ally, VPHM 19.35

ally :)

jy did you get in ?

jy VPHM 52 week low was at 1.67 on 5/2/05

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

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

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

ally yeah...up about 3.5%

James-ST Moderator: very nice ally, how did you find it?

jy gj

James-ST Moderator: Take profit on strength

James-ST Moderator: Just a suggestion

ally trailing stop...gotta gotta go pick up morgan from preschool in a few min

ally lol...thx james

James-ST Moderator: very nice, ok ally

ally had an alert on it...been watching/playing it for a month or so

caillou has logged out

ally got about a 1% stop...what do you think of that james?  i haven't used trailing stops much before

ally never mind...out at 19.41

ally easiest money i made in a while...lol

ally it will probably take off now

steve james, aai at 12.01?

James-ST Moderator: ok back

James-ST Moderator: looks like a nice exit ally

James-ST Moderator: steve, another nice one.....we will look to enter after lunch, ty

James-ST Moderator: Keep bringing up stocks gang.....again, we are playing the most 3 active stocks for the day......just does appear to be much out there

James-ST Moderator: GOOG hit profit nicely[img id=em-11]

jy GOOG what happened ?

James-ST Moderator: not sure, but definitely showing a reversal candle on daily like we mentioned before........

James-ST Moderator: A gap open that is unsustained and trading into previous range........

James-ST Moderator: common candle formation we have seen before, often a turning point

James-ST Moderator: Anyone held GOOG short from our trigger?

kehsha has logged out

jy not me.

James-ST Moderator: GOOG new LOD........grrrrrrrrrr

James-ST Moderator: Market stochastics are down, currently testing the 50 ema on the 5 minute, some signs of weakness........

ak has logged out

ak has entered DayTrading Chat

James-ST Moderator: wb ak

jose that type of analysis  is for after the closing we made our move and move on.

ak ty

James-ST Moderator: what is that jose?  something on BSNBC?

James-ST Moderator: I can't beleive i actually watch at least 40 hours of BSNBC a week

James-ST Moderator: believe

ahk has entered DayTrading Chat

James-ST Moderator: hey ahk

jose I do not know what BSNBC means?

ahk sup

James-ST Moderator: ah jose, CNBC........ally and bearrally keep calling it BS - NBC........

jose lol

jose James, who is Matt strategist planner?

James-ST Moderator: Carson?  you were here when carson was here right?

jose no I was not

James-ST Moderator: ah, he was just here 3 weeks ago

James-ST Moderator: he along with a bunch of others came up with the strategies, and the swingtrading strategies ....

jy james, how's cars doing ?

James-ST Moderator: he has been here since inception but has left us for personal reasons

James-ST Moderator: not sure jy

jose ty

James-ST Moderator: ken has more or less replaced him, but that idiot took a vacation as soon as he came on

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

jy Goog is choppy bouncing back from lod

James-ST Moderator: PALM on CNBC now

ahk James who else came up with the strategies you use here

jy let's see what are they saying ?

James-ST Moderator: me cars, ken was part of it, and two others.

ahk the strategies are counter intuitive

James-ST Moderator: Gap strategies, if you think about it, make a lot of sense........there are gapping stocks everyday.......

ahk you guys buy high and sell low

James-ST Moderator: gapping stocks usually have the most volume and volatility since everyone is looking at them

James-ST Moderator: why play a stock that isnt doing anything, better to play the gapping stocks that everydone is looking at..........

ahk but isn't everybody doing the same thing

ahk the crowd

James-ST Moderator: From there, it is just a matter of determining whether the stock will continue the gap or fade the gap

jy VPHM hod 20.02. wow

James-ST Moderator: Like GOOG?  Gapped to new all time highs?   Would it have been easier to jump in thinking it would go higher or play the strategy and watch it tell us which way it wanted?

ahk true

James-ST Moderator: We waited on GOOG, and sure enough, it showed us it could not sustain the gap

ahk but if goog gets going again today, you will buy it at the new high right?

James-ST Moderator: PALM as well

James-ST Moderator: yes ahk

James-ST Moderator: Market new LOD

ahk so buying goog again is a momentum pay?

James-ST Moderator: When a stock breaks those natural resistance points defined during the day.........we have noted they often carry further

ahk play

James-ST Moderator: yes

James-ST Moderator: exactly, we note a break of those resistances, momentum will carry them further when they trade into new territory

ahk is that classic tech analysis

James-ST Moderator: great questions ahk

ahk what about false breakouts?

ahk and the pros fade the breakout players

James-ST Moderator: yes, we try to be careful with those, and we have noted during lunch we see a lot of them as volume on wallstreet drops considerably

James-ST Moderator: Not perfect.......but historical performance has shown very successful......

James-ST Moderator: Last two months have been tough.......

James-ST Moderator: Market new LOD

ahk James are these strategies common knowledge among technical traders?

James-ST Moderator: No, i dont think so

James-ST Moderator: It is not the just the strategies we hope to convey......but finding stops for your personal trades.....as in identifying resistance support levels

ahk On your charts, do you watch bollinger bands

James-ST Moderator: And, hopefully we encourage some discipline, taking profits, taking the stop when it triggers

ahk yes those are valuable lessons

James-ST Moderator: no bollinger bands for our strategies.

ally wow  VPHM broke 20 while i was gone

James-ST Moderator: Our strategies are from all inclusive, we encourage and like to hear everyone's personal trades and such......just one facet of playing gappping stocks (Type B)  or Breakouts / Breakdowns (Type A)

James-ST Moderator: ncie ally

James-ST Moderator: far from

ahk have you ever issued an alert when the resistance level wouldn't yield a 1% gain?

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AAPL 53.62[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AAPL 53.62[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AAPL 53.62[/b]

James-ST Moderator: GOOG is valid at LOD..........

steve has logged out

James-ST Moderator: We will not issue for GOOG however.......conicidentally answering ahk's quesiton, another 3.1 points may be tough for GOOG

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 29.14[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 29.14[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PALM 29.14[/b]

James-ST Moderator: jy, odd market eh?  Looked we were about to have a relief rally with no hurricane damage......

James-ST Moderator: PALM and AAPL are close

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PALM 29.14[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PALM 29.14[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PALM 29.14[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 29.46[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 29.46[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PALM 29.46[/b]

James-ST Moderator: [b]ADDING AMGN TO TYPE B[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMGN 81.66[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMGN 81.66[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMGN 81.66[/b]

ally vphm 19.93

ally 20.02

James-ST Moderator: UGH

James-ST Moderator: 20.04 TRIGGER

James-ST Moderator: missed but valid

James-ST Moderator: ally!  yell it out earlier

ally sorry

James-ST Moderator: hahaha

ally i was looking at the market going downhill

James-ST Moderator: very nice find ally

ally not sure if it would go

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AMGN 81.66[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AMGN 81.66[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AMGN 81.66[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMGN 82.37[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMGN 82.37[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMGN 82.37[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMGN 82.37[/b]

James-ST Moderator: 19.72 is a nice stop ally, on VPHM if you are in

James-ST Moderator: WOuld be below the 20 ema on the 5 minute chart as well.......VPHM has held that the whole day, a break of it would show some weakness

ally that's where i have it james thx...i got in a little early at 19.82...up 1.5%...sorry i didn't say it sooner  :(

James-ST Moderator: nah, very nice find......hit 1% profit though

ally got in there thinking .72 was a nice tight stop if it didn't go

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

pvg6099 has entered DayTrading Chat

James-ST Moderator: hey pvg wb

pvg6799 has logged out

ally how 'bout VIVO?

James-ST Moderator: May work out ally, just dont like that long tail formed 2 weeks ago

bearrally has entered DayTrading Chat

James-ST Moderator: hey bear

James-ST Moderator: what do you have for us?

bearrally getting kill with all my sells

James-ST Moderator: Market is not up much.........

bearrally no it was ugly this morning

bearrally so shut it off

James-ST Moderator: SHLD and GOOG are negligible.......Market itself has not had much of a relief rally

James-ST Moderator: hahahha

James-ST Moderator: ok

bearrally before i got shaken out

James-ST Moderator: ah man.......sold all your puts?

bearrally nope, still have them

James-ST Moderator: Thought you said you got shaken out?

bearrally got out of my futures last wednesday

bearrally just getting lots of paper losses

James-ST Moderator: well, if you have conviction the market will go down, you dont seem to be wrong often

bearrally yeah, but mostly wrong on big bet

bearrally lol

James-ST Moderator: lol

James-ST Moderator: hey bear, ken said something like he was going to meet you?

James-ST Moderator: you and ken have something going on eh?[img id=em-5]

bearrally james, we are having lunch on wednesday

James-ST Moderator: ah.......he went where?  Disneyland?

bearrally trying to get a job here

James-ST Moderator: hahhaha

bearrally yeah he is at disneyland for a week

James-ST Moderator: darn......he didnt invite me

James-ST Moderator: How far from Disneyland do you live?

bearrally i live about 45 minutes away

James-ST Moderator: PALM new LOD, nice runner from our first trigger

James-ST Moderator: wow

bearrally but have an office close by

James-ST Moderator: Whose treat is it?   Make sure you make him buy you lunch

Hunter : Todd is palm on that funny list or just none available ?

Todd SOF Direct One second Hunter.

Hunter : ok thx man

Todd SOF Direct Its not on the list. I'll try requesting it but not sure if they'll get some by close.

Hunter : np just wondering

Todd SOF Direct ok

James-ST Moderator: kim appeared to have a lot.......hunter tell him you want some

jose PALM 1%

James-ST Moderator: almost profit for us jose, not yet

jy Palm 1%

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PALM[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PALM[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PALM[/b]

James-ST Moderator: 28.85  is target

James-ST Moderator: Market new LOD...........Market is now negative........out note on break of trend is panning out........

ak LOd is 28.78

James-ST Moderator: There goes the relief rally

ak lol

James-ST Moderator: PALM?

ak yep

James-ST Moderator: lmao, i can't believe i am arguing that we have not hit profit yet

James-ST Moderator: 28.90 is lod

ak I was wandering that

James-ST Moderator: AAPL is close and we WILL enter if triggered

bearrally hey who is selling?

James-ST Moderator: must be you

James-ST Moderator: lmao

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

James-ST Moderator: hey, i just realized my PALM is feed is messed up, what are you guys showing as its current price?

jose $28.90 last trade

James-ST Moderator: ok ty jose, i am showing that

jose PLMO hit target at 14:15:29 with LOD $28.78

James-ST Moderator: ok thanks

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

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

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

ally vphm heading up again..i'm tellin ya now just in case it turns out to be a good trade at HOD

ally lol

James-ST Moderator: lmao, ty ally

ally :)

James-ST Moderator: not this break, showing some weakness, stochastics coming down

ally up 2% but tightened my stop to 19.99

James-ST Moderator: vn ally

pvg6099 has logged out

jose James, what's the trigger on AAPL $53.59 Short? ty

ahk has logged out

James-ST Moderator: 53.62

ahk has entered DayTrading Chat

jy AAPL short triggered ?

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AAPL 53.62[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AAPL 53.62[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AAPL 53.62[/b]

James-ST Moderator: ty, somethign is worng with my alerts

jy AAPL stop 55.93 ?

jy 53.93 ?

James-ST Moderator: perfect jy

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 53.93[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 53.93[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 53.93[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 53.93[/b]

James-ST Moderator: what are you guys showing for amgn?

ally 8128 last

jose $81.28 last trade

ally 8124

James-ST Moderator: Todd.........

ally 22

James-ST Moderator: i am using your software, please come over and fix it

ally lol

James-ST Moderator: I just realized my feed is messed up, yell when we hit profit gang

ally james i took your advice about the stochs showing weakness on VPHM and bailed back at 20.20...ty...made .38 that time

ally going to call it a day guys

James-ST Moderator: ok ally very nice trading

ally see ya tomorrow

ally thx  :0)  learning lots here

ally how to make cool smiley faces  :)

James-ST Moderator: heck with learning.......lets make money

ally lol

ahk covd aapl @.33, not greedy

ally has left the room

James-ST Moderator: LMAO, PALM alert finally went off for profit

bearrally guess nobody is buying the relief rally

bearrally lol

James-ST Moderator: yes, still worries

James-ST Moderator: GOOG new LOD, like we noted it is a valid trigger if you wish to enter

bearrally worries about what?

jy GOOG short triggered ? 312.79

James-ST Moderator: oil, interest rates, and some guy named bearrally shorting the whole market

James-ST Moderator: jy, noted earlier we won't enter at lod although valid, antoher 3 bucks might be a stretch

ahk -->long amgn for a scalp

James-ST Moderator: ncie ahk

ahk be gettin out any moment now

James-ST Moderator: GOOG definite reversal candle on daily

James-ST Moderator: For GOOG to gap to new HIGHS, extend the gains, and lose all the gains and trade back into a previous day's range, indicates sellers are willing to come in and take profits.......thus, you will see long tail candles like that when stocks have reversed

ahk bye amgn........................

jose James, do you still have AMGN stop at $82.37? ty

James-ST Moderator: yes

James-ST Moderator: minimal stop less than 1%, and showing to be quite volatile

James-ST Moderator: Right at the 20 ema on 5 minute.......hopefully we see some resistahcne here....if not.......

ahk goog i think goes lower

James-ST Moderator: Today?

James-ST Moderator: Daily wise....i doubt we go higher,......but we may trade sideways

ahk james what is the resistance price?

ahk amgn?

James-ST Moderator: 53.93

ahk huh?

James-ST Moderator: 82.37

James-ST Moderator: sorry that was AAPL

ahk goog bet a nickle it makes lod

ahk :)

James-ST Moderator: would not surprise me......especially since we noted it is a valid trade, but we will not enter

James-ST Moderator: probably make the 1%

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

Violet has left the room

James-ST Moderator: well you won a nickel

ahk spent it too

bearrally 1% on goog?

ahk i doubt it

ahk but thats a contrary indicator!

James-ST Moderator: PALM new LOD

char good nite guys ..see you in the am !

char has left the room

James-ST Moderator: Market stochastics coming off of oversold levles

James-ST Moderator: Wow......check the major indexes

James-ST Moderator: Dow +6, S&P +1, Naz -1........how flat can it get.......

bearrally cafe is not open, how do i cover my short

James-ST Moderator: they closed trading on it?

ahk bear is jiving

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

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

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

James-ST Moderator: Market stochastics are up........testing the 50 ema here.....

James-ST Moderator: [b]CANCEL FURTHER TRIGGERS.......FINAL 30 MINUTES.[/b]

James-ST Moderator: Questions or comments gang?

James-ST Moderator: hey jy

ahk has logged out

James-ST Moderator: where is our market action?   even without a hurricane the market isnt doing a darn thing

bearrally to the toilet with or without hurricane

James-ST Moderator: lmao

James-ST Moderator: Ok gang wrap it up........any final questions or comments?

ak ok guys take care. C u all in the am

 



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