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********** Good Trading Everyone *
********** Aug 24th 2006 *
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jvt 2 early for that and takes up too many lines
Scott-ST Moderator: lol
Scott-ST Moderator: brb
Scott-ST Moderator: wake up
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Ken-ST Moderator: gm all
annabellab GM
Ken-ST Moderator: gm anna, david
David-Harmon Trading gm
IB has entered DayTrading Chat
Ken-ST Moderator: gm IB
gman has entered DayTrading Chat
IB gm
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gman gm ken,scott, all
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Ken-ST Moderator: gm gman, IB, jg, Brian
jg good morning all!
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Ken-ST Moderator: gm jg, slowmo
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claudia gm ken, scott, everyone
jg good
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georgie NDSN, CHS?
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conanboxer gm all
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gd gm all
claudia EBAY?
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claudia CHS?
Ken-ST Moderator: gm claudia, georgie, conan, gd, JP
JP GM everyone
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Ken-ST Moderator: CHS looks good
Ken-ST Moderator: NDSN is up there . EBAY we will pass. recent trading
JP Would RMBS need a move above 18.04 to be considered out of recent range?
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Scott-ST Moderator: Morning Everyone
Ken-ST Moderator: that would be better, but it is out of a smaller range
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nm gm
gd nvec & kosp?
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Ken-ST Moderator: gm moharram, nm, hobob, j5, kcooksley
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nm noticed WHMI short for swing trade...day trade short?
Ken-ST Moderator: but RMBS is still trading within that big red candle.
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Cale Good Morning Everyone
Ken-ST Moderator: in those situations, I would look for shorting opps. If long, I would want a tight stop
Ken-ST Moderator: lets put on watch at least. ty rdub
claudia gm cale
Cale gm Claudia
rdub gm Ken .. Scott ... gm all
rdub Cale
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Scott-ST Moderator: GM rdub
gd nvec & kosp?
Cale gm rdub
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alex gm all
nm has entered DayTrading Chat
j5 gm all
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j5 rambo!
Ken-ST Moderator: gm momo, 2thdr, nm, Cale, rdub, mellow, alex, j5, mark
Scott-ST Moderator: KOSP is in p/d Range
Cale mronig Ken
Ken-ST Moderator: nm, you may use the swing trades for day trades. They are just as effective
Scott-ST Moderator: gm j5
Scott-ST Moderator: gm dg
Scott-ST Moderator: gm alex
mark Good Morning
j5 hey scott
Scott-ST Moderator: gm Everyone
2thdr gm
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nm thx ken
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Ken-ST Moderator: gm ms, jy
jy gm
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ms gm all
Ken-ST Moderator: gm davidber
gm has entered DayTrading Chat
DavidBer Let us make a lot of money so I can go back to bed please
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j5 lol david
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gd thanks on kosp...if it breaks above 49.80 it may run a bit.
gd but I see what you mean
Ken-ST Moderator: gm everyone
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Ken-ST Moderator: gm nin, lionel mellow
mellowg morning all
nin gm
Ken-ST Moderator: Market Assessment:
Ken-ST Moderator: Daily chart: below the 5 day EMA, stoch up
Ken-ST Moderator: Hourly chart: uptrend
Ken-ST Moderator: 5 min chart: downtrend
Ken-ST Moderator: Overall market is still in an uptrend
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gd nvec?
Ken-ST Moderator: however short term factors from the daily are giving red flags to the current trend
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trdr45 GM Ken ...trdrs
Ken-ST Moderator: Futures are gapping up 4 points
trdr45 Hey Scott
Scott-ST Moderator: morning trdr
Ken-ST Moderator: gm stevie, trdr, joy
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j5 good trades
Scott-ST Moderator: NVEC is right at p/d trading range
Cale *** Good Trades Everyone ****
Ken-ST Moderator: gm ricky
Ricky gm
Ken-ST Moderator: good trading gang
j5 what's cmed average volumen anyone?
DavidBer 543k last 10 days
Ken-ST Moderator Update!
j5 cool tx
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CWTR 27.76[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CWTR 27.76[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CWTR 27.76[/b]
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benbeth gm
Ken-ST Moderator Update!
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]VPHM 10.79[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]VPHM 10.79[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]VPHM 10.79[/b]
Ken-ST Moderator Update!
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PDCO 30.84[/b]
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PDCO 30.84[/b]
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PDCO 30.84[/b]
Ken-ST Moderator Update!
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CHS 18.94[/b]
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CHS 18.94[/b]
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CHS 18.94[/b]
Ken-ST Moderator Buy!
Ken-ST Moderator Buy!
Ken-ST Moderator Buy!
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]VPHM 10.79[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]VPHM 10.79[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]VPHM 10.79[/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]PDCO 30.84[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PDCO 30.84[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PDCO 30.84[/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]CHS 18.94[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CHS 18.94[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CHS 18.94[/b]
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]CHS [/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CHS [/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CHS [/b]
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Ken-ST Moderator Update!
Ken-ST Moderator Update!
Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PDCO [/b]
Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PDCO [/b]
Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PDCO [/b]
jvt crap
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]VPHM[/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]VPHM[/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]VPHM[/b]
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Ken-ST Moderator: a looser stop on PDCO would be the 5 ema on 5min
Ken-ST Moderator: but that is quite looser
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Ken-ST Moderator: wb
Ken-ST Moderator: gm pepe, swoop
swoop gm
Ken-ST Moderator: VPHM new hod
rdub 2% on VPHM thanks guys
jvt huh?
jvt oh hehe
jvt was looking at pdco which also made a new hod
JP CWTR LOD
JP ?
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Ken-ST Moderator: gj rdub
rdub ty
Ken-ST Moderator: gm chrysler
Scott-ST Moderator: JP CWTR wold need to be below the 5ema
Scott-ST Moderator: before we can call a short
Scott-ST Moderator: nice job rdub
momo +.3 VPHM:)
chrysler Morning everyone. Sorry I'm late but for some reason my satellite wasn't transmitting today so I had to make a last minute trip to town so at the present time I'm sitting in my car using the town library free wireless service (in a rainstorm no less!). The library opens up in another 45 minutes so then I can be in better conditions.
Scott-ST Moderator: you need to be Sorry Chrysler
j5 heh, -1%, bad fill on cwtr, and bad exit on pdco
chrysler Believe me Scott, every time I look in the mirror I'm sorry!
Scott-ST Moderator: bah dont say that
j5 missed chs
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j5 sorry not cwtr, vphm
Cale BRB
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Ken-ST Moderator Update!
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PDCO 31.85[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PDCO 31.85[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PDCO 31.85[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PDCO 31.85[/b]
nin j5 how did you get a bad fill on vphm that was a slow mover
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DavidBer Double dipping Ken?
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mark chs long?
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trdr45 were are you chrysler?
j5 vphm i got bad position size actually, 900 at .81
Ken-ST Moderator: CWTR is close
chrysler I live in Northwestern Iowa, about 25 miles straight North of Sioux City.
trdr45 oh ok
Ken-ST Moderator: market testing the 5 ema on 5m in
j5 all kinds of things this morning, was getting a bit of lag
Ken-ST Moderator: NDSN near possible support
Ken-ST Moderator: will hold off any lod
conanboxer Market is going down....watching for the new home sale data, I guess...
Ken-ST Moderator: furthermore the stock is very thin
Ken-ST Moderator: and spread is suspect
Ken-ST Moderator Update!
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CWTR 26.88[/b]
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CWTR 26.88[/b]
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CWTR 26.88[/b]
Ken-ST Moderator Buy!
Ken-ST Moderator Buy!
Ken-ST Moderator Buy!
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PDCO[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PDCO[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PDCO[/b]
2thdr stop on pdco
Ken-ST Moderator Update!
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PDCO 31.38[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PDCO 31.38[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PDCO 31.38[/b]
jvt come on pdco
jvt i want revenge
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chrysler CWTR is close
Ken-ST Moderator: TY chrysler
Ken-ST Moderator: also watching for rally on NDSN to set a possible lod trigger
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CWTR 26.88[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CWTR 26.88[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CWTR 26.88[/b]
rdub no shares
jvt i got some
Ken-ST Moderator Update!
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CWTR 27.51[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CWTR 27.51[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CWTR 27.51[/b]
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georgie is CHS a valid trigger at new LOD?
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]CWTR [/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CWTR [/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CWTR [/b]
jy CWTR handsome
jy ty
Ken-ST Moderator: Yes Georgie it is a valid setup
Ken-ST Moderator: although we will not issue as we have already booked a profit
Ken-ST Moderator: but yes a very valid trigger
georgie thanks
ryan ken, PEIX @ LOD?
Ken-ST Moderator: ah, recent range on that one
Scott-ST Moderator: PEIX might be a valid short at the LOD but it didnt fit our strategie with a gap
Scott-ST Moderator: ryan we are looking for a gap up or down out of Previous trading range
jvt what was stop on pdco
Scott-ST Moderator: 31.38 jvt
rwalsh2 .28
Ken-ST Moderator: 31.38
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Ken-ST Moderator Update!
Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PDCO[/b]
Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PDCO[/b]
Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PDCO[/b]
rdub ouch ... X 2
2thdr don't like pdco
rdub it doesn't like us either
DavidBer I did the anti-ken - I got more to short @ 30 and more @ 88 - thank you tgod
DavidBer *god
mark cwtr still valid if it hits another lod?
j5 wow gap on spx
Scott-ST Moderator: Yes Mark that would be Valid
DavidBer wicked volume on cmed - NOT :)
mark Is it still valid if it hits high of day?
j5 yeah forget it
j5 cwtr should
Ken-ST Moderator: which stock mark?
Scott-ST Moderator: there is a lot of resistance up there Mark
chrysler be back a little later
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nin scott fix tble -32
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mark cwtr
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Scott-ST Moderator: ty nin
nin again
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lionel you are not 32c positive but negative
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nin i had to sign in again
mark vphm valid if it hits another high?
Cale did everyone get their table booted?
nin yes
2thdr yep
IB mine's gone
jvt yep
j5 cwtr @ lod again?
Scott-ST Moderator: Yep J5 thats Valid
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Scott-ST Moderator: we just cant issue a short again since we already shorted it...
nm cwtr has not not lod yet
j5 what would initial stop be
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JP RMBS LOD?
Scott-ST Moderator: j5 27.18
DavidBer PDCO heading down to original short position
j5 ok thanks
jvt pdco smoked me twice
Scott-ST Moderator: JP RMBS would work if it wasnt for the huge green candle at the open
Scott-ST Moderator: jvt yep that was a tough one...
jvt about 2% a piece for me i think
DavidBer I don't think you guys have ever triple dipped
Ken-ST Moderator: not likely
j5 same here jvt, not a happy camper
jvt i triple dip only half shares
jvt 31.46 might cover soon trying to get revenge from this stock
Scott-ST Moderator: David not in the morning session
Scott-ST Moderator: or afternoon for that matter
Scott-ST Moderator: thats a good idea jvt
jvt covered got half my money back on pdco
jvt what a trick
DavidBer pdco - what a 1 hour ride
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j5 ok guys that's it for me
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nm jnpr long?
Ken-ST Moderator: its in the p/d range
Scott-ST Moderator: JNPR seems very flat
nm its a crawler today
jvt blk?
jvt anything anyone looking at?
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Ken-ST Moderator Update!
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RMBS 13.74[/b]
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RMBS 13.74[/b]
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RMBS 13.74[/b]
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nin chs valid lod
Ken-ST Moderator: Yes nin
Ken-ST Moderator: although we will not issue
Ken-ST Moderator: having booked the profit already
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nin ty
Ken-ST Moderator: wb
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mark What would be the stop on rmbs?
Ken-ST Moderator: the high of this retracement
Scott-ST Moderator: 14.16
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Scott-ST Moderator: WB
swoop NGAS popped
Cale Well I am done trading for the day
Cale where is JQ and BLK
Cale boys?
jvt chs
Cale Claudia any C's on the table?
Scott-ST Moderator: jvt?
jvt yes
Scott-ST Moderator: did you have a question about jvt?
Scott-ST Moderator: or a comment?
Scott-ST Moderator: any one have a question?
jvt nope shorted chs at 18.50
Scott-ST Moderator: ah
Scott-ST Moderator: nice!!
Scott-ST Moderator: just about to make new LOD
jvt trying to get back some money from pdco
nin out at 36.00
Scott-ST Moderator: lod is a valid trade again
nin .36
Scott-ST Moderator: brb need some water
ryan CHS @ LOD
jvt out 18.30
nin it was 18.50 ryan
ryan wow - i missed that (18.5)
jvt need cbat to make a good type c
Scott-ST Moderator: back
Scott-ST Moderator: nice job jvt
jvt rmbs near
jvt actually over 10 cents
georgie Is there a bank holiday in US on Monday?
nin not this monday next monday labor day
Ken-ST Moderator Update!
Ken-ST Moderator: CANCEL ALL TYPE B ALERTS
Ken-ST Moderator: any questions gang?
chrysler I didn't realize we were part of a gang, now I suppose we'll get in trouble with the law!!!
mark cwtr going to keep moving lower?
nin i dont like that stock, is on the up side if we dont go in as a gang i dont play
Scott-ST Moderator: CWTR is htting up against the 20 ema for major support
ryan will most people be trading tomorrow?
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Cale ryan I am not trading Friday
nm yes
nin [b]there is your answer mark
ryan cale, will you keep that strategy for the rest of the summer?
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georgie where's blk?
Cale Yes
nin drinking under a bridge
Cale no since forcing trades on Mon and Fri
jvt he's smart
Cale unless its earnings week
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Cale Hello the Don
Cale missed ya yesterday
nin he was here
the-Don hey Cale and good morning room
Scott-ST Moderator: good morning room
Scott-ST Moderator: lol good Morning the_Don
mark pdco killed me!
Cale ya?
jvt 4.5% on pdco
Cale ouch
Cale i only got one hit
mark jvt you up or down on pdco
jvt down 3.3%
jvt i got some back on that move down but only went half the shares
mark what is the 4.5%?
jvt from the short at open than from the long after thata total loss
mark 10-4
Cale Love RIMM
Cale was a good long
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jvt terrify of that stock
jvt rimm
Cale grabbed some at 79.61
Cale but its a chop chop chop day
Scott-ST Moderator: the Markets are right in the middle of their trading range for the day
Cale LOL i unders jvt
Cale brb
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claudia Ken what do u think of GES type c?
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Cale looks good Claudia, lets issue!!
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Scott-ST Moderator: hello hal
stevie24 Im stuck in CWTR Does it look like it has a chance to come back? Bought it last night
Scott-ST Moderator: your in the money Stevie?
Ken-ST Moderator: it is down a lot, but not at a solid support area. Stoch on market is also in middle of trend
hal hellow everyone
Ken-ST Moderator: but the momentum is current down
Ken-ST Moderator: will keep eye on that one
stevie24 Not in the money no more..
stevie24 thanks!
lionel rmbs getting closer to target
nm shorted rmbs at 13.95...out at 13.78
jy Guess we'll not short RMBS during lunch even if it hits trigger
Scott-ST Moderator: lionel we have canceld that stock for lunch turn
Ken-ST Moderator: sorry stevie, I was referring to GES
Scott-ST Moderator: we will not issue any type B's during the lunch TURN
Ken-ST Moderator: CWTR are you long or short?
David-Harmon Trading no blk_lbl today?
jvt rmbs lunch trigger
stevie24 long
Scott-ST Moderator: be vewy vewy cafal dwing da wunch hour
chrysler yes Mr. Fudd
nm Ha!
Cale out of RIMM
Cale damn
Cale may be i need to short it
Cale nay I am done for the day
Cale closing out my platform
David-Harmon Trading An Austrian girl has escaped after 8 years of captivity:
David-Harmon Trading http://news.yahoo.com/s/ap/20060824/ap_on_re_eu/austria_missing_girl
Cale did you let her go David because she was too old?
Ken-ST Moderator: lol
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Cale wb mark
swoop out 1/2 PWEI +1.02
Scott-ST Moderator: nice swoop
David-Harmon Trading You are a sick person cale, and your comments are not appreciated.
David-Harmon Trading lol, knew that would get a silence
swoop tx, option killed me last mnth
chrysler Cale, I still have my RIMM short from the other day. Not up much on it (only 1.20/share currently) but it's better than losing $$ on it. I'm going to hold on unless it breaks the HOD of 81.24 from last Thursday.
David-Harmon Trading kidding cale
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Ken-ST Moderator: lol david
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swoop short AMD
Ken-ST Moderator: new guy David showing a little humor in the room
jvt what was a stop on rmbs if we got in...such bad time
Ken-ST Moderator: any questions?
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nin 14.16
swoop what will gap up tomrrow? lol
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Ken-ST Moderator: 13.96 to be tight
Ken-ST Moderator: yes 14.16 on a looser stop
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gd Cale will gap up...
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Ken-ST Moderator: at this point a tighter stop now that the stock is in trend
nin jvt is going down
Scott-ST Moderator: any comments?
jvt had 4k so out already
Scott-ST Moderator: any personal trades of intrest?
Ken-ST Moderator: gj jvt
Scott-ST Moderator: [b]Gang,we strongly suggest that a 5 minute candlestick chart of the SPX be kept open to give you a visual of current market conditions, overlay this chart with 5, 20 and 50 ema and slow stochastics.  You will find that this will help you with your personal daytrading, giving you the “heartbeat” of the market.[/b]
Ken-ST Moderator: wow the parents of that Austrian girl must have gone through a lot
Scott-ST Moderator: RMBS making new LOD
Ken-ST Moderator: not having closure for that long
alex has logged out
Cale ya 8 years is a long time for that age
jvt yea my bad day about to turn into a flat day
rwalsh2 Scott...stochastics are (%K 3,3 and %D 14)?
Cale jvt make it simple on yourself
Cale dont trade until Next Tue
jvt really debating about till after labor day
Scott-ST Moderator: D is 3
jvt i got hans short at 29.90...not liking it
Ken-ST Moderator: K is 14
rwalsh2 ty, had it backwards
Scott-ST Moderator: %k is 14
jvt rmbs new lod
jvt all well cant complain
Scott-ST Moderator: rwalsh what chartting tool are you using?
Cale labor day would be a good starting point jvt
rwalsh2 esignal....i can barely tell diff between the lines now that i have changed them
Cale I am not sure sept will be much better
Scott-ST Moderator: you ahve them set to smooth?
rwalsh2 yes
Scott-ST Moderator: lets look at an example
Scott-ST Moderator: open RMBS
rwalsh2 okay
Scott-ST Moderator: %K is about 59.39
Scott-ST Moderator: and %D is about 39.42
Scott-ST Moderator: on a daily chart
claudia GES 1%
Cale ya babe
rwalsh2 k=50
Cale Claudia with the C
rwalsh2 d=51.36
Scott-ST Moderator: hummm
Scott-ST Moderator: d should be at 39.31ish
rwalsh2 i'll play with it till i get close to that
Scott-ST Moderator: let me see if I can open my esignal charts
Scott-ST Moderator: do you have advanced chartting?
rwalsh2 i have version 8.0
Scott-ST Moderator: but did you pay extra for the advanced charting?
rwalsh2 not sure, do you know how to tell?
Scott-ST Moderator: are your charts white back ground?
Ken-ST Moderator: gj claudia
rwalsh2 yes
Scott-ST Moderator: then you have advanced charting
Ken-ST Moderator: market new lod
Ken-ST Moderator: however we are now in the lunch period
Scott-ST Moderator: I just added slow stochastics and it seemed to be okay
Scott-ST Moderator: just have the step as 14
rwalsh2 14,14, and d=3?
jvt come on hans new lod
Scott-ST Moderator: yours may be different then mine I only have one step option
Scott-ST Moderator: try 14, 3 and 3
Scott-ST Moderator: I am clicking the analytics setup on the chart
Scott-ST Moderator: then the funciton I select is Slow Stochastic
jvt out hans
jvt i'm up a whooping 1.28
jvt cant even buy me beer
jvt barely a coke
rwalsh2 did it..better..now i show rmbs daily with D=53.07....dont see analytics anywhere
lionel the spoo is a crucial support here what do you think Scott
jvt man hans hit ****ter
swoop cover other half PWEI +2.15...Will enjoy golfing later today....
the-Don has logged out
Cale doh should have shorted RIMM
Cale nice swoopers
swoop heart beating fast. didn't expect a 1.00 move in 1 minute
Ken-ST Moderator: nice swoop
Ken-ST Moderator: gj
swoop tx ken
Scott-ST Moderator: rwalsh what did you use to add the indicator?
rwalsh2 rt mouse click on the chart, down to basic studies, stochastics
stevie24 CWTR Should I sell now?
nm yes
stevie24 I would be down 1k
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Ken-ST Moderator: what did you do on CWTR?
Scott-ST Moderator: okay cool i need to upgrade to 8 also
Scott-ST Moderator: glad its working rwalsh
stevie24 Well I bought last night after hours
rwalsh2 thanks Scott
stevie24 at 27.42
Ken-ST Moderator: at what price?
Ken-ST Moderator: what was your plan to start witH?
stevie24 well I was drinkin
stevie24 that didnt make for a good plan
Cale ooops
stevie24 looks like it might be ok
Cale friends dont let friends trade dunk
stevie24 hehe
Cale how many shares Steve?
stevie24 yea its hard to take the keys
nin 5k
Cale ouch ouch
stevie24 8.4k
Ken-ST Moderator: Stevie, its hard to say what to do without knowing your expectaiont forht stock
Ken-ST Moderator: if its a longer term hold or what
Ken-ST Moderator: I think the stock is potentially bearish, along with the market
stevie24 its not long term
Ken-ST Moderator: adn this move up could be a countertrend with another move down
Ken-ST Moderator: I would be wrong
stevie24 I just want to save my ass at this point
Ken-ST Moderator: as the stock is in a intraday range
Cale Stevie you reminde me of ME over a year agoe
stevie24 dod you get your money back?
stevie24 crickets
Cale i had to step back and start all over
stevie24 yea i got ya
Cale need to build my rules and read them each day
swoop URBN breaking down. close below 15 could mean 14 next support
Cale read a few books on money management
rdub Cale u trading today?
Cale and took as much emotion out as I can
Cale NOPE
Cale too much chop chop chop
Cale Ken seems to have it figured out though in this choppy market
Cale look at the preformance for the month
Cale just stick to that strategie and you cant go worng
Cale imho
rdub the numbers posted are impressive, yes
nm stevie...I am lighting the Catholic Candle for you :-)
swoop ken definitel knows what he is doing
rdub i would have to agree swoop
swoop i'm here to let him be my yoda and teach some more strategies
nm ditto swoop
stevie24 Thanks I need it
nin claudia ????
gd shorted sndk for .25 gain
nm gj gd
swoop n1
Scott-ST Moderator: gj gd
gd thx
Cale You shorted my SNDK? with out asking??
Cale omg
Cale how dare you
gd didnt' you get the memo???
nm lol
Cale doh I missed it
Cale did you take me off the emailing list gd?
nin chs lod is taking a beating
claudia Ken PSS at 22.50 type c?
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112 has entered DayTrading Chat
Scott-ST Moderator: Hello 112
Ken-ST Moderator: claudia, the one thing that keeps me hesitant is the lack of support from the daily
Ken-ST Moderator: I will stay clear, buthtat may work out
Ken-ST Moderator: nice eye
Cale claudia you getting it to that one?
Cale I may look at it real close if it gets to the 20 ema 22.57
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Scott-ST Moderator: wb
nm has logged out
nm has entered DayTrading Chat
Scott-ST Moderator: wb
the-Don any1 having probs with scott?
nm no
Cale none here
rdub ya he's been a real jerk lately ,,
the-Don rrrrrrrrrrgh
rdub JUST KIDDING!!
Scott-ST Moderator: why, I am problem free
Scott-ST Moderator: doh [img id=em-1]
the-Don i hope so Scott
Cale [b]hands Scott-ST a tissue[/b]
rdub scott you're the man, u know that
Cale lol
the-Don wahhhhhhhhhhh
jvt after lunch trigger vphm hod?
Scott-ST Moderator: ty rdub
nm understatement on CNBC"Trade Levels not robust"
Scott-ST Moderator: [img id=em-8]
rdub np
chrysler Scott has lots of problems....they are called blk, cale, bearrally, etc...
the-Don think u gave his mojo a bosst there rdub
Scott-ST Moderator: lol
nm HA HA LOL chrysler
Cale what???
Cale now I am the problem?
Cale doh
nm you heard him
Cale and I havent even seen blk or JQ today
nm :-)
Cale [b]needs a tissue[/b]
nm ahhhhhhhhhh
Scott-ST Moderator: [img id=em-6] cale
Scott-ST Moderator: I know you have thicker skin then that
Scott-ST Moderator: and if not
Scott-ST Moderator: GET OVER IT
Cale lol
Cale ouch Scotty Scott
chrysler I think he needs booted for the Scott.
Cale I am telling Ken on you
Cale KEN >>>>>>>>>>>>>
claudia lol
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Scott-ST Moderator: wb
Ken-ST Moderator: ah its that time of day
Ken-ST Moderator: some tips to help you loosen up
nm yes..........?
Ken-ST Moderator: Lifes little Destructions:
Ken-ST Moderator: Give little kids clothes for their birthday
Ken-ST Moderator: *Misquote
Ken-ST Moderator: *Tell the ending of movies
Ken-ST Moderator: *Use sexist innuendos to get more attention
Ken-ST Moderator: *Stand up your date
Ken-ST Moderator: *Read other peoples mail
Ken-ST Moderator: *Pass a vicious rumor along
Ken-ST Moderator: *Practice the art of limp handshakes
Ken-ST Moderator: *Don't keep secrets
trdr45 Ken....your starting to scare me.....
trdr45 lol
Ken-ST Moderator: *Help fools part with their money
nm keep going ken
trdr45 yipes
Cale too late for me I am very scared
Cale has left the room
Cale bye
Ken-ST Moderator: lol
nm ha
Ken-ST Moderator: *sniffle a lot
Ken-ST Moderator: *Add insult to injury
trdr45 use your sleeve
nm sqeeze a lemon with no palm screen
Ken-ST Moderator: *Take more than 10 items to the checkout line
hal has logged out
Ken-ST Moderator: *Mumble
Ken-ST Moderator: lol, sorry, it could be only me and JB loves these little sarcastic humors
trdr45 key word "humors"
Ken-ST Moderator: *Touch strangers
Ken-ST Moderator: yeah i just converted an adjective into a noun
trdr45 look a gift horse in the mouth
trdr45 look a your date in the mouth
nm bite the hand that feeds you
Ken-ST Moderator: lol
Scott-ST Moderator: lol
Scott-ST Moderator: double dip at the next party
Ken-ST Moderator: *Dont know when to stop
trdr45 no no no
Ken-ST Moderator: *Repeat yourself
nm eat a steak sandwich on ash wednesday
Ken-ST Moderator: *Dont know when to stop
trdr45 endlessly
the-Don think Ken u shd organise something for all the members
the-Don in vegas
Ken-ST Moderator: that would be cool
jy PDCO short - $1 from entry @29.83
nm HA
nin for christmas
chrysler has logged out
Ken-ST Moderator: coming into the 1:00 turn area
stevie24 has logged out
jvt turn as in we going back up?
Ken-ST Moderator: not necessarily
Ken-ST Moderator: meaning you may sometimes see changes in trend
Ken-ST Moderator: or resumption of one
Ken-ST Moderator: a lot of meaningful trends may start around this time after the lunchtime doldrums
jvt i've been looking at this VPHM long consolidation
Ken-ST Moderator: we have been holding resistance under the 20 ema all day
Ken-ST Moderator: [b]Intraday Trend is Sideways to Up[/b]
gd chs...nice short today
Ken-ST Moderator: nice runner
nm yes...$$
Cale has entered DayTrading Chat
Scott-ST Moderator: wb
Cale ty
nm we missed you cale
Cale lol ty nm
nm :-)
Cale Claudia what happened to PSS :(
gd Cale...sndk made nice move to the upside while you were gone
nm heeeeeeeeeeeeeeeee's back
Cale looks like a down down down one
Cale nice 51.19
gd Quattrone...I need a loan
the-Don ken is david aroud cant c him on the listy
Ken-ST Moderator: lol
Ken-ST Moderator: let me check
gd chs...new lod
IB has entered DayTrading Chat
Ken-ST Moderator: very extended
trdr45 has logged out
gd sndk on fire now
nm bought rmbs at 18.70...out now
JP Hope you mean 13.70
nm oopps. yes, 13.70
nm thx jp
jvt ken would VPHM be valid at HOD?
the-Don has logged out
Ken-ST Moderator: yes
Ken-ST Moderator: jvt
Ken-ST Moderator: its about that time
Ken-ST Moderator: lets open some alerts up
nin ndsn is coming up
Ken-ST Moderator Update!
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]VPHM 11.23[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]VPHM 11.23[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]VPHM 11.23[/b]
gd PDCO short is looking very good NOW
gd of Ccourse
claudia Ken POOL type c? at .56?
Ken-ST Moderator: market nearing too close to overbought right now to go long for us
Ken-ST Moderator: on a type c
Ken-ST Moderator: also no support on its daily chart
gd I agree chart looks weak
nin ndsn ??
Ken-ST Moderator: watching for consolidation / pullback to set an alert for that one
Ricky Please fix your data on the grid for VPHM
gd cale...you in sndk??
Ken-ST Moderator: ok sory about hat
Ken-ST Moderator: that
Scott-ST Moderator: [img id=em-11]
claudia POOL triggered
rdub nice Claudia
Scott-ST Moderator: my bad Ricky
Cale nah gd
bearrally has entered DayTrading Chat
Ken-ST Moderator: hey bear
Ken-ST Moderator Update!
gd waht's up bear or down?
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RMBS 13.57[/b]
bearrally what is going on
Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RMBS 13.57[/b]
bearrally down
Ken-ST Moderator: brb gang,
Ken-ST Moderator: 15 minutes
bearrally lol
Ken-ST Moderator: If VPHM should trigger use a 11.09 initial stop
jvt pss would of worked if we moved type c down
claudia POOL 1%
Scott-ST Moderator: good job Claudia
Cale nope not in sndk
Cale Claudia nice, how come you didnt tell me you were going in :(
gd nj
nin very good claudia
claudia i brought it up cale
claudia entry at .56
gd she did and we took no action....
jvt i took action but late
Cale nice Claudia very nice!!!
Cale a bit selfish but thats okay
jvt thanks claudia
IB has logged out
claudia selfish!!!
rdub she shared it Cale
claudia ???
jvt ford is on a tear
JP How do you figure jvt?
jvt for a 5 dollar stock
jvt had that stock earlier but couldnt sit thru any pain on the retracement
claudia be nice Cale!!
nin cale you are upsetting cllaudia apologize
Cale lol just kidding Claudia
Cale you know I lub you
Cale I didnt know that you got in
claudia np cale
Cale Pool seems to be working
Cale Claudia is just the opposite of selfish she is very giving I know that….
nin she is the queen of ccccc
Cale Yes she is
Cale and I lub her too
the-Don has entered DayTrading Chat
Cale not that Jen is gone
Scott-ST Moderator: VPHM is getting close
the-Don SNDA
nin scott is been there all day
jvt it's been here since noon
chrysler has entered DayTrading Chat
Ken-ST Moderator: back
Scott-ST Moderator: front
gd Good luck everyone...hitting the road thru tomorrow...see ya all on Monday...may the trading force be with you all...
nm by gd
Ken-ST Moderator: comedian
Ken-ST Moderator: ok gd, have a good one bud
Scott-ST Moderator: [img id=em-9]
gd has logged out
nm sony exploding batteries...per CNBC
rdub that was that whole DELL issue
georgie would somebody have a look at the chart for CHS for me.
nm yeah they puchased from sony
rdub yes
jvt what do u want us to do with chart georgie
Ken-ST Moderator: what do you have in mind georgie?
jvt pool claudia
Ken-ST Moderator: nice move up from the bottom on POOL
georgie Can you see a spike up to 19.84 or is it a misprint on mine?
jvt i dont see any prints up there
Ken-ST Moderator: none here either
nin ndsn hit target
georgie thought so, I hate it when it does that
mark Why did we not have an alert on ndsn?
jvt nin ndsn was that a call?
nin no
jvt i have a 100 pool left not sure where i should put a trail stop
chrysler has logged out
jvt 36.09?
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Scott-ST Moderator: Mark, if I remember right the spread was too wide
Scott-ST Moderator: this morning
Ken-ST Moderator: it also came from a long ways away with no consolidation or pullback
JP I think he means at HOD about 20 minutes ago.
mark yeap that is what I mean
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JP I was watching it but chose to pass.
Ken-ST Moderator: Hi amlo
j5 has logged out
georgie Can anyone give me a good website in the US to compare flights?
nm thank God for stevie on cwtr..keep going
nm expedia.com
Cale Hard landing
Cale the market is coming down for a hard landing imho
jvt and all i got are long positions
Cale I am long too jvt but only in RSPG
jvt long 100 pool
nm when did you enter rspg
jvt and 500 mur
Cale my avt is 2.27
nm thx
nm i considered at -.11
nm just went up a nickel
Cale I am guessing it will run here soon
nm soon...like in next week?
Cale yep
nm hope the alert sticks
Cale I am betting that it will start to run then hit my target in mid Sept
nm i hope i can get in again before next news on product contract
Cale 2.45 is a good price
Cale pulled back to 2.37 this morning
nm i am sorry i did not buy at 1.90
Cale lol
j5 has entered DayTrading Chat
nm a couple of weeks ago
Cale did you know about it at 1.90
Cale did it drop down there?
nm yes...from the swingtrade alert..it had dropped then regained
nm short windo
nm look at historical quotes..
j5 cmed no vol all day
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Ken-ST Moderator: wb
gman ty
Ken-ST Moderator: wasnt in the cards for VPHM
j5 np, better than getting in early
Scott-ST Moderator: Well another slow afternoon
Ricky has logged out
Scott-ST Moderator: Later Ricky
Scott-ST Moderator: have a good afternoon
j5 isnt there some congestion on rmbs from yesterday f on short side?
j5 ie rmbs p/d hod 13.48
nm cale, july 31 was the "should of could of" day for me with RSPg
Cale ah, yeppers ,copy that
Cale mybe I will just short VPHM now
j5 lol did you guys see the Northwest airlines " how to prepare for a financial crisis, 101 things"
Cale I knkow blk or bearrally would with me
j5 vphm oversold
nm scary
Cale very scary
Cale I closed my platform anyway
j5 hah? what do you mean?
Cale dont want to loose anything
jvt k guys i'll see u guys tomororw...please rmeind me to go half my shares
jvt tomorrow
jvt later
nm smart
Cale later jvt
nm later jvt
Scott-ST Moderator: have a good one jvt
jvt has left the room
nin chs lod??
Scott-ST Moderator: CHS had not move much today
Scott-ST Moderator: not sure its gong to go any lower then the LOD
slowmo has logged out
Scott-ST Moderator: take care slowmo
j5 scott did you see my question about rmbs at lod? not running into pd congestiong a bit?
Scott-ST Moderator: sorry j5 missed that question
Ken-ST Moderator: No trigger no problem
Ken-ST Moderator: it is probably why the stock pulled some support there
j5 np, rmbs yesterday hod was 13.48
Scott-ST Moderator: j5 it would have
bearrally ges lod
Ken-ST Moderator: if the stock goes back into the range, it often times brings in more selling
Ken-ST Moderator: Longs no longer making money
Ken-ST Moderator: and now losing
Ken-ST Moderator: they end up selling
j5 ok, cool, i thought about that ken, i feel much better hearing it from you though, tx
Ken-ST Moderator: note how the stock made a new lod during lunch
Ken-ST Moderator: that was the bottom
Ken-ST Moderator: weak trend
Ken-ST Moderator: support kicked in
Ken-ST Moderator: if it takes that out, then you see the selling come in for a nice trigger
j5 what about chs, as far as i read it, looks good on stochs and 5ema, also makket stoch down
Cale [b]Bows at the presence of the Master of Stocks Ken[/b]
Cale Ken is the God of Wall Street
Ken-ST Moderator: at a new lod its valid
j5 lod did you guys watch "the corporation" movie, some guys are bowing at wall st
Ken-ST Moderator: but wanted to see what it looks like as we close in on it
nm thinking about a short on rmbs
nm ken?
Ken-ST Moderator: geez Cale, now you are scaring me
Cale Look its Mr Eye Brow on cnbc
Ken-ST Moderator: only at a new lod
Ricky has entered DayTrading Chat
Ken-ST Moderator: its getting late on the day though
Ken-ST Moderator: market in p/d range
Ken-ST Moderator: its summer
Cale do it nm do it
Cale I dare ya
Ken-ST Moderator: Cale is giving me big compliments
j5 when was chs latest lod?
Ken-ST Moderator: just doesnt feel right
Cale wb Ricky
nm p/d range is the decision maker hedge
Ken-ST Moderator: lol cale
Ken-ST Moderator: wb ricky
Cale lol
Cale nm come on short it
Cale i know you can do it
Cale hurry
Cale hurry
nm looking good for Stevie! cwtr
Cale wow Look at that Mono-Brow
Ricky Glad to be back. Is this the comedy hour?
Cale lol nm
Cale wonder if Stevie is still around?
nm think he is gone...hopefully not crying in his beer
Ken-ST Moderator: *After asking someone for directions, turn around and ask someone else
j5 cwtr? is he long or short?
nm he is long
Ken-ST Moderator: uni brower....damn missed it
nm bought at 27.42 last night...over 260,000 shares
nm ooops not shares...$$
Cale chromdome monobrow man
Cale damn where is Johnboy, Blk and JQ when you need them
j5 hehe lol, you had me thinking there nm
nin 8.6k shares
Cale I am flying solo today
Cale Ken get them on the phone please
nm I would be crying in my beer!
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Ken-ST Moderator: wb
j5 what did you sell cwtr at?
Cale okay where was I?
Cale ooops did i say that out loud?
Scott-ST Moderator: Cale are you cracking yourself up again?
nm 26.97
j5 cale are you ok? you don't seem yourself today
nm for cwtr
nm a profit
j5 is it happy hour yet or something?
Scott-ST Moderator: he's missing his other parts
Cale :(
j5 oh short sale then?, wow thats pretty good
nm if its in the plus...yes...did both
nm both worked...whewww
nm I was out of there!
j5 ok, i don't see anything happening, the market is stocked in that range
Ken-ST Moderator: yup
j5 i don't know about tomorrow either, maybe one trade in first hour
Ken-ST Moderator: that would be the best choice
Ken-ST Moderator: Tomorrow should be a half day
Ken-ST Moderator: definitely next Friday though
Ken-ST Moderator: we may even close the room
j5 why next also?
Ken-ST Moderator: we ill still have it open, but no calls
nm at least half day
Ken-ST Moderator: Its the Friday before 3 day weekend
Cale wont see me tomorrow
Ken-ST Moderator: you can bet everyone will be gone
nm trading half day?
Ken-ST Moderator: perhaps
nm ken?
j5 wow nice bull candle spx
Ken-ST Moderator: we will see what Thrusday is like
Ken-ST Moderator: Man, Erin does not do it for me
j5 cool ken np, your call, you're the master
Ken-ST Moderator: I m sure she would say that same about me
Cale huh
Cale are you busting on my gal?
Cale damn dude thats just wrong
Cale Shiwwwwwiinnggggg
Ken-ST Moderator: hmmm, nope
Cale damn ken your so handsome
Cale everyone would do you
j5 ken whats minimun acc size for emini autotrade?
Cale 2k
Ken-ST Moderator: j5, we are trying to find a firm for 5k
Cale just a guess
j5 1 contract?
Ken-ST Moderator: that is what we will move it down to
Ken-ST Moderator: I trade up to 4 lots
j5 ken with 5k that allows 1 contract righT?
Cale one hour ppl
Cale one hour
Ricky What's emini?
Ken-ST Moderator: j5 with 5k you can do up to 10 contracts
Cale hold onto your hats
Ken-ST Moderator: but I wouldnt suggest it
Cale Ricky dude you need to look into it
Cale eMinis Rule
Ken-ST Moderator: Melisssa Lee doesnt cut it either
j5 how many would you do?
Cale yuck
Cale the other Melissa, ya babe
Ken-ST Moderator: I trade according to lots
Ken-ST Moderator: up to 4 lots
Ricky Is that short skirts on the net?
Ken-ST Moderator: if you do 1 contract per lot, that is 4 contractgs
j5 you lost me there, lots?
rdub Ken did i read it rght that the fee is based on per contract?
j5 lots= rountrips/setups?
Ken-ST Moderator: what do you mean rdub?
Ken-ST Moderator: lots are entries into a trade
Ken-ST Moderator: its scaleable
Cale yes rdub
Cale each contract costs a fee
Ken-ST Moderator: i trade 1 lot, a trader can be aggressive and trade 4 contracts per lot
rdub it says $xxx.xx per contract ids the cost (at WCT)
Ken-ST Moderator: get 4 times the results more or less
j5 so 4 lots/day?
Ken-ST Moderator: I think so rdub
Ken-ST Moderator: If i start getting into a trade, I may enter up to 4 times
rdub thanks
Ken-ST Moderator: I usually avg into a trade
Ken-ST Moderator: and scale out
Ken-ST Moderator: scale in and scale out
nm cwtr climbing ken
Ken-ST Moderator: That is an important part of e minis trading imo
Ken-ST Moderator: I play loose stops
j5 the emini perfomnce is based on per contract, also asuming acc size of $5k?
Ken-ST Moderator: I look at simple indicators, wtih a lot of emphasis on the time of day
Ken-ST Moderator: the trading I am doing now can be done on a 5k account
Cale i am sure Stevie is happy if he held on
nin chs
claudia bye ken, scott, everyone
nm cale lets hope he held on
claudia have a great night
Cale later Cludia
nm bye claudia
j5 and the results i think are per 1 contract, right? btw what is it this month so far, roughtly
Scott-ST Moderator: take calre Claudia
rdub that's right j5, per 1 contract, not counting fees and commissions
j5 do you have the rough august performance, dont want to open more windows
j5 i think it was ~$2k? to date for august?
rdub 3k
j5 ok, wow,
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j5 so for $5k acc that's ~60%!!
rdub minus fees and commish
rdub right
j5 doing 2 contracts it would be 120%!!! right? im i getting this right (yes b4 fees, etc)
rdub and 2X the listed monthly fee
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rdub plus commiss
j5 wow, what ar e the fees like?
j5 and commisions,e tc
Ken-ST Moderator: its expensive
rdub pm me iunless Ken wants to say
Ken-ST Moderator: i dont know what it is
j5 just some roguh idea?
Ken-ST Moderator: but if you trade it yourself , which i recommend, you can get fees in the range of 4-5 bucks
rdub for August, it would be a great barain, no doubt
Ken-ST Moderator: autotrade probably like 10
j5 roundtrip?
Ken-ST Moderator: gang, speaking freely, I would suggest eveyone get into futures trading
j5 with this perfomance is no problem, (i know august has been above average but still)
Ken-ST Moderator: I would love it if everyone here would trade equities the first hour and then futures for the rest of the day
j5 wow what a statment
Ken-ST Moderator: the money to be made in the first hour is equities
j5 ic, sounds good, ken, when are you re-opening the room?
nin set it up ken
Cale Futures rule and a good website is www.cme.org
rdub Ken, by trade yourself .. i mean, there is no way to follow your calls in realt time at the moment, correct?
Ken-ST Moderator: rdub, that is what I am trying to do in the room
Ken-ST Moderator: I had people watch my platform in March and April
2thdr what's a good way to learn futures?
Ken-ST Moderator: and you can see how that turned out
j5 go to cem.org, petty good
Ken-ST Moderator: 2thdr, spend time wiht me in the room
j5 cme.org sorry
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Ken-ST Moderator: to learn the logisitics of it yeah cme site is good
j5 ken, can i come after hours to your office?
Ken-ST Moderator: but to trade, it really is no different than stocks
Ken-ST Moderator: in fact better
Ken-ST Moderator: j5, I will open the room to the traders in here perhaps early in September
Ken-ST Moderator: free week
Cale 2thrd go to www.cme.org
2thdr sounds good
2thdr thanks
Cale ya me too Ken
rdub Ken don't do anything or thow off your game
Ken-ST Moderator: the thing is i ddint realize how much my every move would be scrutinized when I was showing everyone my actual actions
mark I am ready!
Cale can I come to your office after hours?
Ken-ST Moderator: I cancel and place orders often
Ken-ST Moderator: depending on what I see, just to get the absolute best prices
Ken-ST Moderator: traders would question my every move
nin im ready
Ken-ST Moderator: and it was too hard for me
Ken-ST Moderator: and emotional
j5 ken, just give that disclaimer, and you should be fine, fine with me
Ken-ST Moderator: yeah I know j5, but it is still not that easy
j5 just put that disclaimer somewhere,
nin cme is notcoming up
mark cme.org invalid
j5 and i'll watch you for a while before i jump in with you
j5 www.cme.org
j5 try with the www's
nin invalid
mark not valid
Cale thats what I been saying www.cme.org
j5 how many rountrips per day roguhly, , ken?
Ken-ST Moderator: Depends
rdub so Ken are u saying that this tie you will do it differently, andnot be available for comment?
rdub *time
Cale my bad www.cme.com
Cale com
Cale my bad
Ken-ST Moderator: I will always be available for comment
Cale some good videos there
j5 im trying to figure out how much average fees/day or per month
Ken-ST Moderator: I m still trying to find out how to present my trades
rdub ok
j5 ok, np ken
Ken-ST Moderator: tell you this much, you will see the market in a whole new way
Ken-ST Moderator: it will help with your equities trading
j5 you can trade futures and have a room right? different rules than for equities
Ken-ST Moderator: you will see the different trends that develop at certain times of the day
Ken-ST Moderator: It will make you good looking
rdub interesting point j5
Cale it will help 100% and thats a Sir Cale guarantee
Ken-ST Moderator: what is your question j5?
j5 think there are several sec rules that dont apply to futures, they are just contracts, not securities
Ken-ST Moderator: sorry didnt understand
j5 ok, you mentioned you're not allow to trade the equites on this room, right
Cale SEC doesnt dictate the futures
Ken-ST Moderator: yes different governing body
j5 per sec, but we can watch you trade futures, right, np? have you looked into this
Ken-ST Moderator: I am a registered CTA
Ken-ST Moderator: which allows me to do so
j5 ok cale, sorry, didn't know, but whatever agency
j5 cool ken, btw, cta?
Ken-ST Moderator: lol, I think its Commodity Trading Advisor......but not 100% sure on that
Ken-ST Moderator: lol
j5 lol, thats what you are whatever it means, lmao, cool
j5 ok, i figured, for ytd, about $36 per day per contract (asuming 20 day months), just trying to figure out how much of that would be fees
Ken-ST Moderator: the thing about futures, most dont realize how much leverage you have
j5 1:10 right
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j5 plus the bond is a percentage of the 1/10th or something like that also right
Ken-ST Moderator: each round turn per contract figure in at most 5$
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Ken-ST Moderator: I may do anywhere between 1 and 20 round turns
j5 ok ken, so let's say average 2-3 roundtrips per day?
Scott-ST Moderator: but each tick is 12.50 on the S&P500 eMinies
j5 ok wild guess 5 average/day?
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Ken-ST Moderator: look at it this way
Scott-ST Moderator: wb Stevie
Scott-ST Moderator: did you cover your CWTR?
Ken-ST Moderator: 1 contract is like trading 500 shares of the SPY
Ken-ST Moderator: so with $500 you can trade 1 contract or about 60k in stock
j5 ken can you add up all your rountrips ytd and divide by 7 months, then by 20 days,
stevie24 CWTR ??? It feels like a crap shoot
Ken-ST Moderator: so the leverage is a lot more than 10 to 1
stevie24 Had to go for a while there
Ken-ST Moderator: j5, best to go from what I am doing from here
Ken-ST Moderator: they charge me $7 bucks per round turn at WCA, which is nuts
j5 sorry, didnt get that?
Scott-ST Moderator: thought you might cover at 27.35
Ken-ST Moderator: like doubel what I should be paying
Ken-ST Moderator: when you come into the room to watch, you can get a good idea what you are in for
j5 ken, im just trying to get a very rough idea of what kind of return i might get
Ken-ST Moderator: you need discipline for trading the futures
j5 ok, cool that's probably better, sure
Ken-ST Moderator: There are times I get more aggressive with my trading
Ken-ST Moderator: If I see a pattern or setup, or overall trend that I like
Ken-ST Moderator: I will be aggressive
Ken-ST Moderator: other days I trade 1 lot, for 2 points
Ken-ST Moderator: and call it a day
Ken-ST Moderator: I think I did 8 round turns today
jy ken, how did you do today on futures ?
stevie24 We really dont know what the hell gonna happen after 3.3 pm .A?
j5 8/24 $800
conanboxer Take care...
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Ken-ST Moderator: today was good, about 16 points
rdub WOWWW!!!
rdub congrats man
Ken-ST Moderator: in the room I will teach you a great trade signal that I think I am north of 90% successful on
jy ken, gj
Ken-ST Moderator: it happens maybe 1 or 2 times a week
nin is the room available now
stevie24 when you gonna open this room?
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Ken-ST Moderator: hopefully soon
Ken-ST Moderator: wb
Ken-ST Moderator Update!
Ken-ST Moderator: CANCEL ALL ALERTS
stevie24 screw that!
Scott-ST Moderator: okay Gang any last questions??
nm take care all
Scott-ST Moderator: take care nm
Scott-ST Moderator: okay I am off for the day
Scott-ST Moderator: see everyone tomorow
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