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********** Good Morning Everyone
********** Tue September 19th 2006
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Scott-ST Moderator: Good Morning Mellowg
Scott-ST Moderator: Morning JP
Scott-ST Moderator: Morning Lorden
jy: gm
Ken-ST Moderator: gm all
Ken-ST Moderator: gm jy, JP
JP: GM Scott/Ken
Cale: Good Morning Everyone
Cale: GM jp
Cale: Good Morning Ken
Cale: GOod Morning Scott
Newbie: GM everyone
Scott-ST Moderator: GM Cale
JP: Morning Cale
JQ: gm cale
jorge159: good morning everyone
Ken-ST Moderator: gm Cale, Newbie, IB, jorge
Ken-ST Moderator: wb
JQ: cale you let ERin out this morning without washing her hair???
johnboy: good morning everybody
Pontiff: gm
Ken-ST Moderator: [b]***********Market Assessment**********
Daily Chart: Above the 5 day EMA, Stochastics in uptrend
Hourly Chart: Uptrend with 20 EMA above the 50 EMA
5 min Chart: Downtrend with 20 EMA above the 50 EMA. However overall intraday trend remains in range

Overall market is in a uptrend. Futures are currently up 1 point and currently in the p/d range. We are still in a very pivotal area on the Daily chart, being 6 points away from Multi-Year highs. We feel the trading environment will remain tough until we make a decisive break one way or the other. Keep trading conservative gang.[/b]
Ken-ST Moderator: gm jb, Pontiff
Pontiff: Ken I am getting ready for your new e-mini S&P Futures room...whats the ETA?
jorge159: im new to this. do we enter on limit or market orders
Ken-ST Moderator: Second week in october
jorge159: ?
benbeth: gm
mellowg: jorge...imho mkarket
Ken-ST Moderator: Jorge, it depends on what you are most comfortable with.
Pontiff: Ken let me know what I have to do regarding trading platform and that Voice Recognition Software...I want to be ready to roll!!!
Ken-ST Moderator: We simply identify what we feel is the breakout prices
Mark: GM ALL
Ken-ST Moderator: you will get feedback from several different memebers in here
nin: jorge what ever works best i do limit with spread
Ken-ST Moderator: I personally like Market orders for most stocks
jorge159: thank you
Ken-ST Moderator: gm benbeth, Mark, georgie, evgen, dennis
dennis: gm Ken
evgen: gm all
georgie: morning Ken, Scott, everyone
mellowg: there you have it jorge... a smogashboard of opinions...have you got enough...grin
Ken-ST Moderator: gm Davidber, chrysler, kcooksley, j5
jorge159: thanks mellowg
Scott-ST Moderator: GM Georgie
rdub: jorge alot of the best outcomes happen when the price shoots way past the trigger so you may not get filled on a limit order
Ken-ST Moderator: gm Ricky.
nin: mogn close
Ricky: gm
j5: good trades
Ken-ST Moderator: Good Trading gang
Ken-ST Moderator: not much selection today
Scott-ST Moderator: MOGN is Close
JQ: $$$$$$$$$$
Scott-ST Moderator: Good Trades Everyone!!!
Scott-ST Moderator: Here we go!!!!
allegro_bob: geez scott don't do that so early :)
Scott-ST Moderator: heheh
DavidBer: I second that
j5: yeah man you freaked me out
Scott-ST Moderator: its the Ringing of the opening bell
mellowg: you made me reach for my nitros again scott
DavidBer: Choose another bell
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GTRC 45.72[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GTRC 45.72[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GTRC 45.72[/b]
Ken-ST Moderator: its close
Scott-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IMCL 28.12 [/b]
Scott-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IMCL 28.12 [/b]
Scott-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IMCL 28.12 [/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]GTRC 45.72[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]GTRC 45.72[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]GTRC 45.72[/b]
Ken-ST Moderator: CANCEL IMCL LOD ALERT
Ken-ST Moderator: possible support below
nin: volume mogn
Ken-ST Moderator: Sorry about the confusion there
j5: what?
Ken-ST Moderator: the IMCL alert
Ken-ST Moderator: we canceled it
nin: i think david is the only person that traded mogn today
Scott-ST Moderator: its in previous days Range
Ken-ST Moderator: and has not cleared the range yet
nin: j5 if you are in it you making profit
Ken-ST Moderator: VIP has not triggered gang
lionel: made 30 cents on imcl
Ken-ST Moderator: nice lionel
Scott-ST Moderator: LOL Lionel
Ken-ST Moderator: possible support area on IMCL
Ken-ST Moderator: ADDING PFGC TO WATCH LIST
jvt: gtrc stop
j5: yep
allegro_bob: gtrc stop?
mellowg: gtrc stopped
Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]GTRC[/b]
Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]GTRC[/b]
Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]GTRC[/b]
mellowg: ouch
Ken-ST Moderator: a looser stop would be the 5 ema
mellowg: check left column it is a loss on GTRC
Cale: ?
Cale: looks okay
Steve: ken - cancelled IMCL because news makes it too volatile? or something else
Cale: other then the fact it was a loose
j5: did you guys hear about talks between ford and gm for merger
Scott-ST Moderator: IMCL had too much support at that lower range
Gantra: wow...something wierd happened with my stop order for VIP. On the tape my order was the one that triggered...the trade before and after were at 62.58...i don't know how that could happen!
mellowg: yup that would be something,one junk cars company instead of two
Ken-ST Moderator: who is your broker?
Gantra: tradestation and i routed through arcx
Ken-ST Moderator: see if you can get a trade break
Ken-ST Moderator: and make sure you have your two conditions set
Steve: gantra, i'm using TS also - did not get triggered/filled
j5: wow gtrc back up almost at target
allegro_bob: vip I was 62.59
cnin: sucks
jorge159: How come VIP suggested stop is higher than entry?
Gantra: steve, did you figure out how to make those to settings using tradestation?
gman: gm all
cnin: ha
Ken-ST Moderator: I dont see that jorge
DavidBer: jorge? exit is almost 1 dollar less
jy: made 1% on IMCL long @28.45
Steve: gantra, what do you mean?
cnin: gj
jorge159: Sorry
Scott-ST Moderator: gj jy
jy: ty
Scott-ST Moderator: I am glad to see people making some profit on IMCL afer i messed up the alert
j5: man gtrc way up there
jy: GTRC made profit.
Gantra: steve, the settings Ken always talks about where you have the bid and the tape agree before the order executes
Cale: I may go long here in a sec, see if it goes over the 5ema
IB: Gantra, I have TS also and I noticed early that the bid and ask were really high....I think at 63.36 or.38 even though the price was over a dollar lower
cnin: you only did us a favor you brought it up
mellowg: ken ty for GTRC did not bail out and showing profit
Gantra: IB, did you not have your order in yet? I wonder why i was the one that triggered
cnin: you devil
Ken-ST Moderator: cool mellow
Steve: I'm not really worrying about it. From a statistical perspective, it happens so infrequently. The other day was the first time I've run into it in years
Ken-ST Moderator: IMCL testing the 5 ema on 5 min area
j5: man i have this L2 GTRC, is really uspeting me for some reason, im trying to fight it
DavidBer: L2?
IB: Gantra, I tried placing the order before I noticed and luckily it kept rejecting the order...couldn't figure out why it was rejecting then I noticed that.
j5: yeah i still have my gtrc l2 and chatrs up
Scott-ST Moderator: Level 2
j5: yeah sorry level 2 w/ ticker etc
DavidBer: I don't understand what you are fighting
Gantra: IB, ok....i'm not going to place orders before the market opens anymore...to volatile and uncertain during the first few minutes
Steve: maybe i'm not having problem because I'm using a strategy, not matrix. I think strategies use print prices, not b/a
j5: lol, sorry, iwas fighting myself, it was really pissing me off watching the price go up
j5: for some reason
Gantra: steve, strategy order? is that when you use the order bar to define the trade?
jorge159: please tell me the charts settings and indicators if any?
Ken-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]
Steve: no, i have a chart that i have 'inserted a strategy'. the strategy sends a buy/sell-short order when the last price hits the trigger price. then it automatically sets the target and stop
j5: hmm, ok better now, i guess the 5m 5ema would have been a better stop
Ken-ST Moderator: You may use the sam settings for all charts
Ken-ST Moderator: I will go over that stop when things slow down j5
jorge159: Whats SAM?
jorge159: Ok ill wait
Gantra: steve, oh wow! that's really cool you have automated this. Did you write the script yourself or findit somewhere?
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 29.06[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 29.06[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 29.06[/b]
j5: cool ken, always trying to learn
Scott-ST Moderator: [img id=em-10]
Steve: i wrote it. it also
Steve: it also 'boxes' long and short trades when ken can't decide if he wants to go long or short
mellowg: lol
Ken-ST Moderator: lol
j5: ken/scott, how do i change my subscription from daytrading w/ swing to just daytrading, (i haven't done a single swing trade since march)
j5: my renewal day is on the 20th
Ken-ST Moderator: Cancel the subscription for both, at the end, subscribe to the day trading only
Ken-ST Moderator: yeah, cancel now
Ken-ST Moderator: and subscribe on the 21st
Ken-ST Moderator: gm medo
j5: ok, thanks
Ken-ST Moderator: [img id=em-8]
IB: Steve or Gantra, I contacted TS support, but haven't heard back yet, do you know if you can place MOO and MOC orders(market on open/close)?
Steve: IB, if you want a MOO order, enter it before market open w/ GTC duration
medo: gm Ken, Scott and all
j5: my period ends on 9./20, if i cancel today, i can still use it tomorrow right?
Steve: If you want MOC, TS doesn't do this, but you can use an Activation rule w/ time >= 1559
Ken-ST Moderator: yes j5
j5: ok tahnks again
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j5: ok guys i got to go,
jorge159: suggested stop for imcl?
IB: Thanks steve...great idea
j5: ken, i'll check transcript later if you talk about that stop, thanks again
Steve: IB, make sure you cancel the GTC orders at EOD! I've missed that part before...
IB: HA! Right...that would be something I would do
Steve: ken, given thin volume and wide spread, it looks like we won't be trading CACB. Agreed?
Newbie: IMCL- having a hard time break 29.06
Ken-ST Moderator: Agreed Steve
Ken-ST Moderator: it really didnt end up gapping
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PFGC 28.19[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PFGC 28.19[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PFGC 28.19[/b]
DavidBer: pfgc triggered
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PFGC 28.19[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PFGC 28.19[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PFGC 28.19[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PFGC 27.89[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PFGC 27.89[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PFGC 27.89[/b]
jorge159: Steve: What did you mean with wide spread on CACB?
Newbie: the differnce between the ask and bid right?
Gantra: steve, are you using arcx for the routing?
Steve: jorge, the bid price is 37.68, the ask is 37.72, earlier it ws 0.10 which is alot
jorge159: What would be a good spread normally?
Steve: gantra, no - using intelligent routing, but considering using ARCA. need to look at their forum and get advantages/disavantages
Steve: a 0.01 or 0.02 spread is nice
Gantra: i wonder if it was a contributing factor to my issue
Steve: possibly, i believe that TS (and other brokers?) show inside b/a that is not specific to the ecn you are using
Steve: unless you are looking at L2 data
Newbie: is 28.00 the intraday support on PFGC now?
mellowg: is PFGC open position, not shown on left column
lionel: you should show pfgc as open
Ken-ST Moderator: Should be there
cnin: missing ooooo
allegro_bob: hans to the moon
cnin: for ooooooooooooopen
mellowg: ty
Ken-ST Moderator: ty
Newbie: were did the volume go on PFGC?
Newbie: lol there it goes..
lionel: pfgc rebounding!!
Scott-ST Moderator: Now if you click on the Symbol on the left table it will open a new window to yahoo about that symbol
Scott-ST Moderator: give it a try and let me know what you think
Steve: nice addition scott !
rdub: great Scott
conanboxer: Thanks...
Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: Still trying to get that Raise
mellowg: cute...will help in the morning during assessment
jharms: very cool
Scott-ST Moderator: and Remember to buy the videos
mellowg: lol
Scott-ST Moderator: :)
Cale: lol
allegro_bob: scott - can you add timestamps to the archive log? Would be helpful inreviewing trades
Cale: nice Scott!!
Cale: looks good
Cale: I will let ken know your working hard
Scott-ST Moderator: hummmm will have to take a look at that Bob
Kelly: what videos, scott?
Scott-ST Moderator: http://www.swingtrades.com/video.htm
Scott-ST Moderator: if you are intrested in the video I have a [b]One day[/b] Coupon for the Videos
Scott-ST Moderator: HURRY
Scott-ST Moderator: WHILE SUPPLYS LAST
Kelly: well are they closed capitoned?
rdub: lol
Ken-ST Moderator: Market still in its recent range gang
allegro_bob: can I get a set of steak knives if I order RIGHT NOW?
Scott-ST Moderator: No sorry Kelly they are not Closed Capitioned
Kelly: oh poor me
Ken-ST Moderator: wb jorge
mellowg: bob, just a potato peeler
Scott-ST Moderator: yes Bob I will email you your steak knives also
conanboxer: What is the "One Day Coupon"???? How does it work?
Newbie: yeah, how does that work?
Gantra: IB, Steve, i think i may have found the setting to get what Ken has been recommending we use for tradestation orders... With a trade and bid at the same level...Need to set the order preferences for the section Stop/If Touched Trigger Type. I have set to Single Trade Tick within NBBO where NBBO = National Best Bid or Offer. More info at the TS forum https://www.tradestation.com/Discussions/Topic_Archive.aspx?Topic_ID=43264&SearchTerm=nbbo&txtExactMatch=
Cale: is suzy jane jetson?
Ken-ST Moderator: yeah wtf was she wearing
Cale: did you see that on CNBC
rdub: lol Cale
Cale: LOL omg I am not sure
Cale: well did you see what she was wearing?
rdub: ya
allegro_bob: boy the autobuy sure suckered me on VIP this am - Anyone have a good solution for that (apart from no autobuy)
Cale: I think George is her husband
rdub: she needs to fire her stylist
Steve: thx gantra, will look at it later
rdub: i think she can probably afford someonefrom this galaxy
jvt: what's with this mkt is it waiting for fed tomorrow?
Ken-ST Moderator: market just sitting in its lovely little range
Ken-ST Moderator: wb jorge
Scott-ST Moderator: http://premium.econoday.com/calendar/US/EN/New_York/year/2006/month/09/day/20/daily/index.html
Scott-ST Moderator: [url href=http://premium.econoday.com/calendar/US/EN/New_York/year/2006/month/09/day/20/daily/index.html]http://premium.econoday.com/calendar/US/EN/New_York/year/2006/month/09/day/20/daily/index.html[/url]
Scott-ST Moderator: check this one out http://premium.econoday.com/calendar/US/EN/New_York/year/2006/month/09/day/20/daily/index.html
Scott-ST Moderator: chat
Scott-ST Moderator: cat
Scott-ST Moderator: chat
Ken-ST Moderator: can everyone type
Scott-ST Moderator: chat
JQ: gm scott
mellowg: Sony batteries, either you blow up or you fizz out
JP: Is there a Fed meeting tomorrow?
IB: thanks gantra...I've just been attaching OSOs to my orders and it's been working out pretty well, but I will definitely check that out
mellowg: test
Cale: chat
conanboxer: With the PPI number, and tomorrow's FRB (another pose)....the market could do a bit better.
Cale: cat
Cale: chat
Cale: go boy boy
Cale: go boy
Cale: test
Scott-ST Moderator: http://premium.econoday.com/calendar/US/EN/New_York/year/2006/month/09/day/20/daily/index.html
Cale: chat was stuck?
Scott-ST Moderator: was
Ken-ST Moderator: I was trying to blame Scott for it
Scott-ST Moderator: I guess I needed to log out and back in
Ken-ST Moderator: HANS trading into the gap
Scott-ST Moderator: [url href=http://premium.econoday.com/calendar/US/EN/New_York/year/2006/month/09/day/20/daily/index.html]News[/url]
mellowg: gotta leave for a little while, ty ken/scott, a nice positive day
Ken-ST Moderator: cool mellow, have a good one
Scott-ST Moderator: [url href=http://www.swingtrades.com/video.htm]Buy your Videos Here[/url]
Ken-ST Moderator: geez, I cant really find anything moving here
Steve: probably won
Steve: probably won't till 2:15 tomorrow
Ken-ST Moderator: could be
Steve: looong lunch on wall street today ?
Ken-ST Moderator: loooks like it
alex: morning all
Pontiff: Ken what can I do to prepare for your futures room? What trading platform would you recomend and what is that Voice Recognition software going to cost per month?
Gantra: GTRC is moving back up
Ken-ST Moderator: The cost of the chat software is about 20 bucks a month
Ken-ST Moderator: I would suggest spending time in the room before attemtping to trade
Ken-ST Moderator: I willl give everyone here a free week to get acclimated
Ken-ST Moderator: Futures really is no different than stocks when trading it
Pontiff: What about the trading platform
Ken-ST Moderator: I am testing a few right now
Ken-ST Moderator: I will have a good suggestion for everyone.
Scott-ST Moderator: [url href=http://www.swingtrades.com/video.htm]CANCEL ALL TYPE B ALERTS[/url]
Pontiff: what about the combo cost of both day trade chat and e-mini chat?
Welcome to SwingTrades.com!
Cale has entered DayTrading Chat
Room is moderated
You can now talk
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Ken-ST Moderator: wow, what happened
Kelly has entered DayTrading Chat
johnboy wow, chuck norris must be around
newbie has entered DayTrading Chat
jorge159 It seems everyone is leaving at 11 am
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rdub Pontiff combined cost about $350 i think, last time i cheked
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Pontiff Ken how do I share the capital I am trading on DAS now for my equities and also for emini futures??
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Ken-ST Moderator: wow, sorry, not sure why everyone got booted
Ken-ST Moderator: wb everyone
jorge159 Ken maybe you can tell me more about the chart settings and stops?
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Cale I even got booted
ms hamsters on strike?
Ken-ST Moderator: You may do that through DAS but it cant be through harmon
Steve any news driving the uptrend since 10:30 ?
jorge159 Im using Interactive brokers and sierra chart as my chart software
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Ken-ST Moderator: looks like just bouncing off the lower end of the intraday trading range
Ken-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]
Pontiff Ken does SOF Direct have a trading platform for e-mini futures and if so can I keep my DAS Trader pro with them and share the money between both platforms???
Ken-ST Moderator: thast hte chart setting jorge
Ken-ST Moderator: Yes pontiff
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Ken-ST Moderator: Is SOF your platform now?
nin has entered DayTrading Chat
Pontiff I have DAS Trader pro now but I cant trade futures from here i need to use their other platform
gman has entered DayTrading Chat
Ken-ST Moderator: DAS has the capabilities to trade futures.
jorge159 What type of chart/indicators d u use for individaul stocks?
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Ken-ST Moderator: But it depends on yoru broker
Ken-ST Moderator: Same jorge
Pontiff I thought SOF has two different platforms no? One better for futures than the other???
jorge159 What your time schedule for the morning and afternoon session?
Ken-ST Moderator: No the only one for futures is hte DAS with them
Scott-ST Moderator: Jorge we start at the opening bell then we cut off alerts at 11:00
Pontiff Ken So the DAS I have with SOF Direct I can trade the e-min S&P futures as well as equities all with the same capital?
Scott-ST Moderator: we will start looking at opening alerts around the 1:00 -1:30ish
jorge159 Do you change your stock list in the afternoon ?
Scott-ST Moderator: not to offten
Scott-ST Moderator: often
Scott-ST Moderator: err: not to often
Scott-ST Moderator: we might add a stock if we see one that fits our Strategy
Ken-ST Moderator: Yes Pontiff
Ken-ST Moderator: You would need to turn in your forms to get it added
Pontiff I dont get a bid and ask price for the SPX$ what is the symbol for S&P e-mini futures
jorge159 For the type A trades : Are they entered before the opening bell using limit orders?
allegro_bob ken - when you start the futures room - how are you going to handle this room? Leave it to scott?
Ken-ST Moderator: on DAS its #ESZ^
Ken-ST Moderator: #ESZ6
Ken-ST Moderator: I will be here the first hour
Ken-ST Moderator: and when lunch resumes
Ken-ST Moderator: I am actually doing it right now,
Ken-ST Moderator: but most of my attention here will be in the first Hour - Hour half
Pontiff Thanks Ken...you said earlier that you were checking other trading platforms...are you not happy with DAS Trader Pro?
Ken-ST Moderator: They are good, but also testing others
Scott-ST Moderator: Yes Jorge
jorge159 thank you
Pontiff Ken what is the symbol for the S&P e-mini futures for Etrade
Ken-ST Moderator: Sorry Pontiff do not know
Pontiff cool
Cale what???
Cale ken doesnt know?
Ken-ST Moderator: lol
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the-Don gm all
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Ken-ST Moderator: wb
Kelly has logged out
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Scott-ST Moderator: goodbye/wb/goodbye/wb
Scott-ST Moderator: wb
Ken-ST Moderator: wb
Pontiff Ken two last things...the chat room for the e-minis instead of seeing your alets typed we are going to hear your voice via the new software telling us what to do???
Ken-ST Moderator: Yes Pontiff
Pontiff cool...real time I am assuming?
Ken-ST Moderator: i will be telling you when I will be starting my trade and which direction
Scott-ST Moderator: oh ya, He will tell you what to do all right
Ken-ST Moderator: No pontiff, after the move has been completed. This way I will be right 100% of the time.
Pontiff Ken how do you do it now in that room???
Pontiff HA HA HA HA HA
Ken-ST Moderator: JK LOL
Ken-ST Moderator: im thinking of doing it here too. September results would probably pick up that way
allegro_bob lol
Pontiff Ken Now the e-minis are $50 contracts...if I buy 200 shares in the order box is that $100,000???
Ken-ST Moderator: yes
Ken-ST Moderator: but your buying power wouldnt allow it
Pontiff what do you mean?
Ken-ST Moderator: sorry that is not correct
Ken-ST Moderator: $50 per point per contract
Ken-ST Moderator: that is the profit or loss effect
Ken-ST Moderator: I think SOF requires 1k per contract purchased.
Pontiff 1k as in shares of buying power?
Pontiff i mean or buying power?
Ken-ST Moderator: 1 contract will require 1k in equity
Cale "Q: Miss, were you cited in the accident? A: Yes, sir, I was so 'cited I peed all over myself."
Courtroom testimony
jvt yhooooo
Pontiff Ken So if I buy 2,000 contracts at $50 per contract I need $100,000 in buying power?
Pontiff no thats wrong
jy GOOG suddenly dived$10.
Pontiff if i buy 100 contracts I need 100,000 in buying power right?
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rdub with $100k you can buy smewhere between 50 and 100 contracts
Pontiff Ken you there?
allegro_bob Yhoo -- $3 drop
Scott-ST Moderator: he will be rigtt back
Ken-ST Moderator: Pontiff, 1 contract requires you to have 1k in equity
jy most the net stocks dived around 11:35 a.m. ebay, yhoo,, goog.
Pontiff so if i buy 100 contracts i need a minimum of $100,000 buying power...
Ken-ST Moderator: equity, not bp
Pontiff Ken...now not to sound toooo stupid where does the $50 come in?
rdub actual equity
the-Don gm rdub
rdub hey Sir Don
Ken-ST Moderator: if you profit 1 point on the futures, you will make $50 for every contract you have traded
Pontiff Ken I need $100,000 in equity which means $400,000 in buying power...
Ken-ST Moderator: yes
Ken-ST Moderator: but really, 100 contracts is a lot
Ken-ST Moderator: i would not suggest you max out your contracts with your full equity
Pontiff Ken exactly so in my scenario I would have made $5,000
Ken-ST Moderator: unless you want a very short trading career
Cale LOL
Pontiff Ken so I would trade between 5-20 contracts
Ken-ST Moderator: on 100 contracts, you will profit $5,000 on 1 point move on the futures
Cale Pontiff most people trade between 2-8 contracts at anyone time
Ken-ST Moderator: it depends on your risk tolerance
Ken-ST Moderator: I will present an guideline that you may follow
Pontiff Ken so how are you managing the current emini futures room now?
Pontiff No voice commands right?
conanboxer Anyone know why the market is down??? Profit taking and concerns on slowing economy again?
the-Don Ken what wd be the reason for the spread to get bigger on a stock?
Scott-ST Moderator: somethign to do with the tanks rolling in China?
nin home starts drop
Scott-ST Moderator: if I heard that right
nin yes scott
the-Don covered CAL for 38 cents
Scott-ST Moderator: Don it has to do with the number of Stock shares issued
allegro_bob yhoo announces slowing in financial and auto advertising - expects to deliver at bottom of 3rd qtr range
Ken-ST Moderator: Don, you mean intraday ?
the-Don ya
the-Don ken
Ken-ST Moderator: You may notice a stock's spread get bigger on breakouts, or on extreme moves in the stock
the-Don right
Ken-ST Moderator: what it is , is aggressive buying or selling
the-Don like on CAL just traded it , there was a 7 cent difference now thats big for CAL
Ken-ST Moderator: meaning they are hitting hte bid or offer to get in
the-Don well what ever it is , it messes up my trading
jvt yhooo
jvt bye bye
Ken-ST Moderator: why don?
Ken-ST Moderator: You can take advantage of that
the-Don how so
the-Don i was short and the ask was 7 cents away from the bid
the-Don now id the bid was 2 cents away then better for me
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Scott-ST Moderator: WB
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Ricky You guys must be getting too popular for your server.
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Scott-ST Moderator: lol
the-Don wmt SERVERS
the-Don LOL
jvt this trading is great
Ken-ST Moderator
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PFGC 27.99[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PFGC 27.99[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PFGC 27.99[/b]
Ken-ST Moderator: breakdown to new lows of the day during lunch
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bearrally no goog????
Cale lol beark
jvt 50 shares baby
jorge159 Ken:lets say that I missed a buy or short order, can I chase the market or enter a bit late?
Ken-ST Moderator: I would not chase any stock
Scott-ST Moderator: Jorge, I would not recommend chasing a stock.
jorge159 Thanks
Scott-ST Moderator: sure
bearrally sorry jy
bearrally 1k
bearrally might hold that overnight
rdub nice bear
bearrally shorted at 410, got fill on avg 409
bearrally god damn crooks
Scott-ST Moderator: [img id=em-11]
bearrally if i got my way, those mm will be executed
jorge159 What do you have to see on a stock to be part of your stock list?
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Scott-ST Moderator: jorge we have 3 strategies we use: Type A; Type B; and Type C
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Scott-ST Moderator: each has its own setup that we look for
Scott-ST Moderator: jeorge I would Recommend checking out our videos, they would help explan a lot.
bearrally why the pope got into politics?
Scott-ST Moderator: http://www.swingtrades.com/video.htm
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bearrally shouldn't goog be the winner if yhoo loosing market shares?
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Scott-ST Moderator: might think that bear but you also have MSN
bearrally Scott, i watched so many time
bearrally still haven't learn jack
conanboxer I think...after a good run of Naz, traders needed a good reason to sell.
rdub should be bear but the stocks tend to cing together, don't they?
rdub cling*
jvt ready for a mkt collapse while i got my shorts
bearrally jvt, i hope you are right
bearrally i have some long terms puts
jvt actually all i need is amd, nvda to go further saving my day
the-Don CAL so badly wants up cuz oil down but market holding it back
jvt went from down 10% now about to be flat for the day
conanboxer Is it true that Condi is dating a Canadian minister????
Ken-ST Moderator: Scanning for Type C longs
Ken-ST Moderator: hey bear
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Ken-ST Moderator: brb
rdub bear your stop on GOOG?
bearrally rdub 400
Cale the markets all show a good type C
rdub i think u need a rounder number than that
rdub lol
rdub nice bear, lookin good
bearrally rdub, it looks good for 380
rdub wow
bearrally cale lol
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rdub bear played any CME lately? ... several 10 point days
jvt goog suppose to have something new breakthru technology i thought
bearrally rdub, no, got rape there a couple of time
Scott-ST Moderator
Scott-ST Moderator
rdub ouch .. keep the chastity belt on as far as that one goes then
Scott-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]JCOM 24.21[/b]
Scott-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]JCOM 24.21[/b]
Scott-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]JCOM 24.21[/b]
bearrally jvt, i heard that last night
bearrally guess yahoo missed is a bigger problem
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bearrally we were worry about inflation
bearrally now we worry about recession
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
bearrally what's up ken
Scott-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]JCOM 24.21[/b]
Scott-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]JCOM 24.21[/b]
Scott-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]JCOM 24.21[/b]
bearrally Scott, thought no buy lunch time?
rdub C's bear ..doesnt apply
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mellowg just looking in
jy JCOM stop 23.98 ? or lod 23.74
Scott-ST Moderator: LOD right now jy
jy ty
Scott-ST Moderator: but 23.99 would be a tighter stop
Newbie oops got in on JCOM@24.96, i'm I still OK?
Newbie ERR:24.29
Scott-ST Moderator: what price Newbie?
Newbie 24.29
Scott-ST Moderator: should be okay just keep an eye on stops
jvt about to say i'll sell it to u at 24.96 :-)
Newbie LOL, miss typed..
Scott-ST Moderator: lol
Newbie still learning my software, not sure if i like it..
the-Don that wd have been a big ouch
jorge159 b
the-Don talking of its dentist day today
the-Don tooth pulling day
bearrally Thailand coup, bush want UN to step up and pay for his mess
Gantra LOL
Gantra great summary, Bear
bearrally did you guy see an article about army recruitment?
bearrally we recruited a retard
bearrally after his parent submitted all document to show that
bearrally the army wouldn't let him off
mellowg you talking about BUSH ????
Gantra Thaksin , the Thai PM is horribly corrupt.
bearrally yes
bearrally Gantra, you go anywhere near that part of the world
Gantra his family is worth billions thanks to his plundering
bearrally everybody is corrupt
bearrally i paid so much to get into china before
Gantra bear, i have a thai friend and he has told me all about Thaksin's exploits
the-Don later guys
Ken-ST Moderator: later Don
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Ken-ST Moderator: have a good one
jorge159 jcom and nasdaq going down again
bearrally they have you killed there if you are not corrupted
Ken-ST Moderator: or could be the bottoming process
Ken-ST Moderator: retest, then anohter surge offthe lows
bearrally Ken, what bottom are you talking about?
bearrally lol
jorge159 I couldnt enter jcom before. Would you still recommend entering?
Ken-ST Moderator: the bottom that was made at the end of lunch
bearrally lol
Ken-ST Moderator: we stand behind every open trade we have
bearrally ken, are you longing futures?
Ken-ST Moderator: yup
bearrally so are we going to have an early christmas rally?
bearrally Ken, why jcom fit into type c?
Ken-ST Moderator: who knows
Ken-ST Moderator: the market does not know christmas
bearrally rail lod
Ken-ST Moderator: you said you saw the video many times bear, you still cant see it?
Ken-ST Moderator: lol
bearrally lol
bearrally was playing with Scott
Ken-ST Moderator: RAIL bearish trend
Ken-ST Moderator: haha,
bearrally he took it too personally
bearrally lol
Ken-ST Moderator: JCOM broke its 5 min trend, market was very oversold. It was at noted support on daily
Scott-ST Moderator: bear you can pick on me all day long
bearrally k
Scott-ST Moderator: just dont bash SwingTrades.com's Service or Products
mellowg scott, that is opening the barn door for bear
Ken-ST Moderator: market retesting the lows here
bearrally mellowg, lol
Scott-ST Moderator: Nothing Personal at all, I dont care
bearrally Scott, most know me here for over 2 years
bearrally if it doesn't work
bearrally i am not sticking around
Ken-ST Moderator: Bear what do you have now?
Ken-ST Moderator: GOOG been dancing around lately
JQ dont make me call James to open can of whip ass on somebody lol
jorge159 should the stop be LOD for jcom yet?
Ken-ST Moderator: you playing htat?
bearrally i posted here many times, that Ken and James are most honest people here
Cale LOL JQ
bearrally in this kind of business
Ken-ST Moderator: James will be here in little over a week
JQ hey cale
Cale Weeeeee James
bearrally Ken
Cale hi JQ
bearrally have short on goog at 410
bearrally not too many shares james
bearrally see i missed him already
bearrally lol
bearrally Ken, think i get my 20 points on goog today?
JQ cale we know james wouldnt be able to get out of the can because of the J C Penny catalogs
Ken-ST Moderator: that is asking a lot
Ken-ST Moderator: 20 EMA in that area though
Ken-ST Moderator: it may
bearrally sorry Gantra
bearrally I am stop at 400 for a 9 bucks profit
Ken-ST Moderator: nice
bearrally Ken, shoted at 410
bearrally got fill from 410 to 408
bearrally on avg about 409
bearrally what a joke
bearrally they were filling 25, 50 100 shares
Gantra np
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jorge159 ken Whats the stop for jcom ?
bearrally see you guy in a bit got some work to do
mellowg jorge check left column
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jorge159 My left screen has dissapear
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
mellowg 23.74
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]JCOM[/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]JCOM[/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]JCOM[/b]
Gantra yippie! my first profit of the day!
Ken-ST Moderator: like I said, JCOM could be testing the lows.....all part of hte bottoming process
mellowg gj gan
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Ken-ST Moderator: gj Gantra
Gantra ken, that jcom play was great. how did you find it?
Ken-ST Moderator: I scanned through my list of movers
mellowg gantra...see how long you have to work for $0.24
Ken-ST Moderator: it was down a lot on the day and approaching the recent support area
Ken-ST Moderator: Use the market chart to tell you when to start looking for the Type Cs
Gantra mellow, it's exhausting! :)
Ken-ST Moderator: I can think of a few more jobs that are more exhausting
Ken-ST Moderator: lol
Gantra like fishing in the barents sea?
mellowg working on hot asfalt on Texas by a beautiful end of July afternoon
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Ken-ST Moderator: yikes man, does anyone watch Deadliest Catch ?
Ken-ST Moderator: they go crabbing near hte Arctic Circle
JQ cale chasing ERIN around the room
Ken-ST Moderator: Dangerous Job in the world
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Ken-ST Moderator: lol JQ
mellowg i did,,, poor bastards
Ken-ST Moderator: wb newbie
Gantra ya that's what i'm talking about...people go overboard all the time
Newbie thankyou ended up ok on the JCOM trade ;)
Gantra ships sink...water is so cold..don't last long
Ken-ST Moderator: nice Newbie
Ken-ST Moderator: gj
Ken-ST Moderator: yeah that is crazy stuff
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Gantra pay is really good if the catch is good like up to 100k or something for 9 days or so of fishing
mellowg arrrrgggghhhh
Newbie 100k for the captiians
Newbie the deck hands have a percentage of catch
Ken-ST Moderator: I like living better
mellowg the episode i saw, they lost a 100+ footer working boat... in one swoop...poor bastards...lord the water must be cold
Newbie LOL, me too...
Newbie how many of you guys do THIS for a living??
Ken-ST Moderator: Did anyone see the recent Criss Angel episode where he visited the military camp
mellowg nope..ken..
JQ nope
Ken-ST Moderator: check it out if you have a chance
mellowg newbie, retired here... but addicted... does that count
Ken-ST Moderator: he did something amazing in the end
mellowg will check
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Newbie Mellow, yes..
mellowg ken, is it just me, or is your server slow today...
Newbie so you make an income from trading right..
mellowg have too...
mellowg but i don't count on it
Newbie ok
Ken-ST Moderator: In one continuous shot......, he was walking forward toward the camera from a long ways away. A completely empty air strip. We walked past two people on both sides of him who had a white sheet on the ground. Then He said to watch carefully, they pulled up the sheet, he ran around it. Seconds later he screamed to put it down, then BOOM, a military vehicle with about 30 Military people on and around it.
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Ken-ST Moderator: someone needs to tell me how he did that
Gantra why do some traders suggest taking weekly profit out of the trading account?
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Ken-ST Moderator: he walked directly through that area. You can see on both sides of the people holdingup the sheet that nothing came in the shot.
mellowg gantra..to keep it real... and the money not to become monopoly money
Ken-ST Moderator: Gantra, it connects you with the value of the dollar
Ken-ST Moderator: not only does it show you why you are doing it, but it will make the connection between numbers on a paper and the value of money
mellowg those "magicians" really spooke me up... ken
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mellowg imho JCOM want to resume its downward trend
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Ken-ST Moderator: held in check initially at its 20 ema
mellowg yup
jorge pfgc going nowhere yet
mellowg and it is making as a## of my opinion
mellowg ahhhh well..that is why i pay to listend to experts opinions...grin
jvt oh jcom so close i might have to be satisfy
Ken-ST Moderator: set it and forget it
Ken-ST Moderator: keep eye on your market charts gang
Ken-ST Moderator: market stoch in uptrend
Ken-ST Moderator: we are above the 5 ema
Ken-ST Moderator: Therefore.....
Ken-ST Moderator: [b]Intraday Trend is Sideways to Up[/b]
Ken-ST Moderator: Stop on PFGC is tight
Ken-ST Moderator: trend is still in tact
Ken-ST Moderator: nic trend above the 20 EMA
Ken-ST Moderator: and now at the hod
jvt A woman was walking along the beach when she stumbled upon a Genie's lamp. She picked it up and rubbed it, and lo-and-behold a Genie appeared. The amazed woman asked if she was going to receive the usual three wishes.
jvt he Genie said, "Nope ... due to inflation, constant downsizing, low wages in third-world countries, and fierce global competition, I can only grant you one wish. So ... what'll it be?"

The woman didn't hesitate. She said, "I want peace in the Middle East. See this map? I want these countries to stop fighting with each other."
jvt he Genie looked at the map and exclaimed, "Gadzooks, lady! These countries have been at war for thousands of years. I'm good, but not THAT good! I don't think it can be done. Make another wish."

The woman thought for a minute and said, "Well, I've never been able to find the right man. You know, one that's considerate and fun, likes to cook and helps with the housecleaning, is good in bed and gets along with my family, doesn't watch sports all the time, and is faithful. That's what I wish for ... a good mate."

The Genie let out a long sigh and said, "Let me see that ****ing map!"
Gantra lol
Ken-ST Moderator: lol
JQ lmao
jvt i dont like google stock but my god i like thier home page where u can personalize it
Gantra ken, do you analyze industry groups?
Ken-ST Moderator: no
Ken-ST Moderator: nope, just let the stocks tell me where they are going
Ken-ST Moderator: with my current strategy that is
Gantra ya
JP IMCL HOD?
Ken-ST Moderator: yeah the setup is there
Ken-ST Moderator: Lets issue
Ken-ST Moderator
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 29.06[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 29.06[/b]
Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 29.06[/b]
Ken-ST Moderator: 28.49 initial stop
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mellowg ken you want to enter your call on the left column
mellowg imcl
Ken-ST Moderator: I have
Ken-ST Moderator: Do you not see it?
mellowg negative
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rdub i see it mellow
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mellowg restarted this application now i ghave it
Ken-ST Moderator: cool
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mellowg imcl close
Ken-ST Moderator: ty
Ken-ST Moderator
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Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]IMCL 29.06[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]IMCL 29.06[/b]
Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]IMCL 29.06[/b]
Ken-ST Moderator
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IMCL 28.49[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IMCL 28.49[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IMCL 28.49[/b]
Ken-ST Moderator
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IMCL 28.70[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IMCL 28.70[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IMCL 28.70[/b]
Ken-ST Moderator
Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PFGC [/b]
Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PFGC [/b]
Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PFGC [/b]
conanboxer I am surprised to see the impact of the incident in Thailand....
jvt this imcl is a real peach
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Gantra conan, wow ya. at first they made it sound like everything wsa under control. Now it looks like the coup has gone thru
chrysler I'm already out of IMCL. Mistakenly entered 28.94 (rather than 28.49) and got stopped out, at least it didn't cost me much of a loss.
Ken-ST Moderator: Sorry to hear chrsler
conanboxer Comparing to the Russians' reactin after the Russian central bank guy got killed......it is interesting.
chrysler It happens, human error you know (at least now this proves I'm human and not from Mars or somewhere!!!).
mellowg welll....welcome to earth chry.. sorry man
Ken-ST Moderator: lmao
Ken-ST Moderator: welcome to earth....thats funny
bearrally Conan, stability in the region
conanboxer I wonder what would happen tomorrow after FRB says it would pose agaain.
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Ken-ST Moderator
rdub pose?
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PFGC [/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PFGC [/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PFGC [/b]
jy I got triggered @28.14 on PFGC - 1% already.
jy TY
rdub is Bernankedoing a Playgirl spread or something?
Ken-ST Moderator: gj jy
jy ty ken
rdub cuz, that could really kill the market ...
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Newbie wow missed that trade oopss...
conanboxer I meant "pause"
chrysler Ken, since I just recently started keeping watch of the $SPX chart (as you & Scott have posted), if I have it set up correctly, I see that around 2:30, 2:35 it had come up to the 50 ema (on the 5 minute chart) and then it came back down. Is this common to act as resistance (or support if it's coming down to this point)? Perhaps I don't have my chart set up correctly so correct me if I'm wrong, thanks.
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rdub got it conan .. sorry, just playin'
Ken-ST Moderator: yes exactly chrsler
Ken-ST Moderator: it all depends what the market trend is.
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Ken-ST Moderator: If we are trending you want to keep your eyes on the moving averages.
Ken-ST Moderator: Stochatics are more relevant in ranges
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Ken-ST Moderator: but you always want to take note of the action at the MAs
Ken-ST Moderator: 20 and 50
Ken-ST Moderator: the position of hte 20 relative to the 50 indicates the overall trend of that chrt
Ken-ST Moderator: chart
Ken-ST Moderator: wb Gantra
chrysler Thanks Ken. Since I haven't trained myself to keep a close eye on that I need to make sure I force myself to do that on a more regular basis.
Ken-ST Moderator: it is a must
Ken-ST Moderator: that chart is essential to watching the market
Ken-ST Moderator: and it is vital to futures trading
johnboy later christian slaters, have a good afternoon all
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chrysler Where I only have 1 monitor it makes it harder to keep forcing myself to take a glance at it often. Right now I don't get in more than 1 or 2 trades (maximum) at a time so 1 monitor works fine for me currently.
mellowg can you get 2 symbols on one chart chrysler
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chrysler mellowg, I can enter 2 symbols on the same chart, I just normally don't on a daily chart, perhaps I need to start doing that.
mellowg if for the second symbol you enter SPX and make it's colour same as chart background...and make the avg 20 and 50 visible..you would be ok
jvt k guys see u tomror
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Ken-ST Moderator: ok jvt
Ken-ST Moderator: IMCL bouncing off of its 20 EMA for now
Ken-ST Moderator: market still off the market lows
Ricky Ken, do you pay for the chart services you use?
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jy JCOM @24.6
Ken-ST Moderator: No
Ken-ST Moderator: It comes with the brokerage
Ken-ST Moderator: account
Ken-ST Moderator: If not I believe it is about 225 a month
Ricky I just can't seem to set up the chart as you guys recommend. my broker doesn't have a choice for EMA of any time.
Ken-ST Moderator: EMA is a very common indicator
Ken-ST Moderator: Exponential Moving Average
mellowg may i suggest it is time you rethink your broker
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bearrally Ricky, who do you have?
bearrally you need to stay away from that broker
Ricky Both IB and Scottrade.
Ken-ST Moderator: Both are not day trading platforms
mellowg ahhhhhhhhhh come on IMCL....be KOOL
bearrally Ken IB is not a day trading?
Ken-ST Moderator: Maybe Active Trading
rdub Ricky IB has EMA
Ken-ST Moderator: but you need a comprehensive Direct Access Platform
Ken-ST Moderator: not just the ability to route your orders
rdub not great charts, but they do have a buncof indicatprs avail.
Ricky I'll look deeper
rdub cool
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rdub i think u have to enable them or something
Ricky Okay, thanks.
rdub np
Scott-ST Moderator: we doing okay so far?
Scott-ST Moderator: any other Questions?
mellowg shuuut scott just woke up....grin
jorge is there any particular time of the year where day trading is more or less difficult?
Ken-ST Moderator: Ok gang, need to run. Have a great evening
jorge like October ?
Ken-ST Moderator: Take care
Ken-ST Moderator: See you all tomorrow bright and earls
mellowg cya ken
Scott-ST Moderator: later Ken
Ken-ST Moderator is no longer a moderator
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lionel scott i was away when yu longed imcl...it is now slightly lower does it make sense to enter now?
Cale bye Ken
mellowg that was a quick exit...must be a volcano eruption in Hawai
Scott-ST Moderator: We stand by our Trades
DavidBer stand or sit?
Newbie IMCL...lets gooo.....
Scott-ST Moderator: LOL Sit, Stand, hang-on
Scott-ST Moderator: note the stop is at 28.70 right now
Scott-ST Moderator: and the price is 28.88
Scott-ST Moderator: We should see good support at the 20/50 emas
mellowg push, haul, sweat, grin, shake,
Scott-ST Moderator: LOL Mellow
Newbie Scoot do you use 20/50 emas on all your charts?
Newbie err:scott
jy ORCL announcing earnings tonite. Anyone playing ?
Scott-ST Moderator: Yes Newbie
Newbie OK
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]
Newbie thanks Scott..
Scott-ST Moderator: [img id=em-10]
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mellowg they are starting to play poker with IMCL
Scott-ST Moderator: [img id=em-11] doh, no poker
mellowg 50,000 shares print here and there...no big deal
Scott-ST Moderator: JCOM did well for a type C
Scott-ST Moderator: did anyone get some of that action?
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Cale still in Scott
jorge yes I did
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mellowg yup
Cale I took 1/2 at 1%
Scott-ST Moderator: jg Cale Jorge Mellow
mellowg jg... that is a new one
Cale Oooooommmmmmm......
Cale up IMCL up
jorge What type of trades do we do the most A, B or C
mellowg b
rdub next is A , and then only a few C's per month
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Scott-ST Moderator: Mostly B's Jorge
Scott-ST Moderator: we use the typeA's for the Day TradingLimited Service also
mellowg jorge...althou it does ne look that way, this is a B-school
mellowg ne=not
Scott-ST Moderator: Markets are coming back up nicly
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jorge which have the highest probability ?
Newbie noticed, on my SPX chart ;)
Scott-ST Moderator: they all do, otherwise we would not suggest them :)
Scott-ST Moderator: most people only play the type B's in this room
mellowg now that is a diplomatic answer...grin
Newbie really...
Scott-ST Moderator: Type C setups are the hardest to find
Cale lol mellow
Scott-ST Moderator: Remember we have the Fed's meeting tomorrow
Scott-ST Moderator: Trading will be slow to see what the outcome is
bearrally you mean bernanke and the monkies?
Scott-ST Moderator: lol yep
Cale Not trading tomorrow
Cale not when Uncle Ben is on the Mic
Cale RUN RUN RUN
bearrally don't know, between them and Bush
Scott-ST Moderator: the Target Level for is still 5.25%
bearrally we are digging a mass graves for american middle class
bearrally i am expecting some dropping in Jan
Scott-ST Moderator: [url href=http://premium.econoday.com/reports/US/EN/New_York/fomc_meeting/year/2006/yearly/09/index.html] FOMC Meeting Announcement[/url]
Cale keep going up IMCL UP up up....
bearrally going up, Cale
bearrally or you are praying?
Cale yes yes yes bear
bearrally lol
conanboxer I think IMCL will go up via short covering
jorge what is lol?
Cale [b]has his fingers crossed[/b]
Scott-ST Moderator: lol = Laugh out loud
Newbie me too Cale..
jorge ok thanks
Scott-ST Moderator: sure [img id=em-8]
mellowg ommmmm papa ommmmmm pa pa
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS
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mellowg i am not greedy... i just want my whole share...
Cale lol mellowg
Cale I just want mine :)
jorge chance of more trades before closin bell?
Scott-ST Moderator: NONE now Jorge
Scott-ST Moderator: the markets are coming back
jorge cancel B type alerts means closing positions??
Cale went long in the futures at 1327
Newbie yeah, what does that mean, exactly??
mellowg arn't they nice to us those markets
mellowg jorge, means don't start anything new
jorge Thanks mellow
bearrally still have imcl open Scott?
Newbie I just got out..
Newbie oops..
mellowg lol
Scott-ST Moderator: Yes Bear
jorge some of you guys seem to know a lot. How long have you been day trading ?
mellowg been there done that newbie
Scott-ST Moderator: we will hit profit before the bell, i hope
jorge and how long does it take to master this?
Cale almost there
Cale come on
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]IMCL[/b]
Scott-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]IMCL[/b]
Scott-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]IMCL[/b]
mellowg it takes a stomach full of ulcers...and shaking of hands without stop jorge...
jorge lol!!!!
Newbie Not to bad tho, I got in much cheaper then the orignal call.. So made out with .17 points..
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mellowg ommmmmmm papa ommmmmm papa
Scott-ST Moderator: for those in IMCL it would be might be good to start scaling out of the position in your favor
Newbie finished my first day of trading in the GREEN, Thankyou scott, and everyone else have agreat day..
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mellowg cale was it you with the 200,000 shares of IMCL or was it MARTHA Stew.. again
Scott-ST Moderator: good job Newbie
Cale lol
Cale not saying anything
mellowg lol
Newbie See you all tommarrow..
mellowg cya
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conanboxer Take care all
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Scott-ST Moderator: later Conan
jorge till tomorrow and thank you
mellowg cya
Scott-ST Moderator: take care jorge
Scott-ST Moderator: welcome aboard
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Steve scott, could you look at GOL - trying to figure what's up b/a is 35.57 / 35.60 but trading at 35.78, this has been going on for about 15 minutes - any ideas?
mellowg ok guys, i am naked, thanks for a fun day, cyall tomorrow
mellowg ty scott
jy exited IMCl with 10c profit - call it a day. TY scott and ken. cu all tomorrow.
Scott-ST Moderator: later Mellow
Scott-ST Moderator: looking Steve
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Scott-ST Moderator: nice jy
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Scott-ST Moderator: b/a looks right here
Steve .57 / .60 b/a ?
Steve last trades have benn above 35.70 ?
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Steve looks ok now, not sure what was going on prints were above b/a for about 10-15 mins? thx scott
Scott-ST Moderator: okay everyone
Scott-ST Moderator: have a good evening
Gantra u 2
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Scott-ST Moderator: we will close IMCL at 29.16
Scott-ST Moderator
Scott-ST Moderator
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Lorden laters.....another plus day!! +++ :)
Scott-ST Moderator: have a good one
Lorden thx Ken, Scott!
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