mellowg: IKAN ?
mellowg: below $10
Steve: hey mellow
mellowg: was ten yesterday...
mellowg: if PPCO touches 20.30 today... i will laugh
mellowg: t
nin: gm
mellowg: morn nin.....you in S. FLA right
nin: yes
jvt: what's up with the ppco
mellowg: did your taxes go up like crazy or are you homestead
Kelly: part time resident, mellowg?
mellowg: right but from Palm Beach county sor raise was acceptable
nin: no i lived at same locationfor 12 years now just insurance double property taxes can only go up 3% a year
Kelly: >>>ex palm bch er
mellowg: lucky ya...non
mellowg: nin
Kelly: now in in sarasota not that bad
James-ST Moderator: gm all
benbeth: gm
mellowg: server is slow or james has not fed the monkeys again
mellowg: morning james
Kelly: gm james
jy: gm
mellowg: kelly real part timer just 5 weeks a year max
jy: james, PPCO price is at 16.37 ??
James-ST Moderator: hang on, server problems
Steve: again
mellowg: we will have to make a collect...
ms: gm all
Steve: mellow, day trade performance results show +578%, those should be some pretty well fed monkeys
mellowg: grin... at that point agreed
mellowg: unless there is wall street accounting in there
Steve: they do accounting on wall street, I thought all the accountants were deported
mellowg: i had a laugh when wall street was laughing at Europeans accounting practice...and right after we had Wcom and Enron...
mellowg: reason i am daytrading...
Steve: agreed, holding positions overnight at times is scary
mellowg: i don't believe any number they put up...
Steve: Kinda like believing what a politician says
mellowg: it is more a question of "what numbers you want...il do it for ya"
Cale: Steve Whos?
James-ST Moderator: gm JP, qwe, ms
James-ST Moderator: gm kimmronn
Cale: GM James
qwe: gm everyone
JP: SIMG?
Steve: does it matter, for the most part politicians are politicians - regardless of country
conanboxer: James, how is the market trends this morning?
Steve: James, what's up w/ the PPCO call ? 20.30 ??
allegro_bob: james - think PPCO should be long?
James-ST Moderator: ignore it for now
mellowg: will do
James-ST Moderator: CANCEL SBNY
James-ST Moderator: [b]CANCEL SBNY WATCH[/b]
Pontiff: gm gang Pontiff not happy about server
j5: ignore PPCO?
Steve: yes
j5: yeah me neither, but lets talk about in 15' or so,
j5: ok
James-ST Moderator: SBUX, could be near top end of range on daily chart, hold off longs for now
Steve: just missed sbux to downside
driver: crazy action on SBUX
Steve: yep
driver: you can still get in now Steve
Steve: yeh, practicing patience
j5: for fading gap we use retracemtn to 5m 5ema right?
James-ST Moderator: yes j5
James-ST Moderator: actually, all four on watch list we will look to fade the gaps
j5: for continuation of gap is 1m 5ema, so I dont think we had trigger there, right james?
Pontiff: with the exception of SBUX look at the poor volume of the other 4 stock picks!!!
Cale: 3
Cale: SBUX AMAG and HELE
j5: hmm sounds like an early day
driver: Steve are you thinking of shorting sbux?
mellowg: sbny cancelled
allegro_bob: 1% sbux
driver: if its falling, i think this would be a runner
Cale: i think Both A's are canceled
j5: nice allegro
driver: damn i should've gone in too
mellowg: ppco irrelevant
Steve: I was at opening low of 37.93, but let it get by me
James-ST Moderator: nice allegro
j5: allegro, short or long?
Cale: gj bob
James-ST Moderator: CPRT is valid at HOD......
allegro_bob: short
Steve: nice bob
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CPRT 29.92[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CPRT 29.92[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CPRT 29.92[/b]
James-ST Moderator: gm gantra
Gantra: not happy with the server problems! :(
James-ST Moderator: seriously gang, when ken and scott come in next week, tell them to charge server provider, this server is terrible for me as well
allegro_bob: server has been a problem for weeks
Cale: Last I heard they are working on it...
Gantra: i can't even get in and i started 30 minutes before the bell. I think is an emergency at this point.
Cale: not sure what that means but....
j5: James, we won't bug you now with sever issues, but please do try to resolve
James-ST Moderator: hey ruben
James-ST Moderator: ty j5, but i am unable to anything
Cale: rub, word up
Cale: take a bit to get in?
Steve: are monkeys native to Hawaii - maybe that's the problem
James-ST Moderator: lmao
j5: ok dont' worry, i don't want to distruct you further from the setups
Cale: lol
mellowg: lol
j5: hey cale, did you see ken and scott?
Steve: sorry j5, I'll shut up
Cale: where?
j5: i don't mean anybody steve, just that right now james is probably busy with the setups,
Steve: agreed
j5: cale, i thought you were going to meet ken & scott
James-ST Moderator: ok gang, right now we are looking to fade SBUX, AMAG, HELE
James-ST Moderator: CPRT is valid at HOD
Cale: nope
Cale: maybe when they go to Vegas next month
j5: oh, never mind, they we're probably just messing with me, lol
Cale: lol
Ricky: James, not sure what FADE means
Cale: not even sure they are on vacation together...
j5: i think you were off on tuesday right?
j5: fade the gap,
James-ST Moderator: fade? stocks gapped up, we are looking for short entry........
James-ST Moderator: yes, fade the gap
mellowg: markets are green
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMAG 34.82[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMAG 34.82[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMAG 34.82[/b]
j5: james, for fadeing we use retracement to 5m 5ema, and for continuation 1m 5ema, right?
James-ST Moderator: yes, we wait for it to touch the 5ema on the 5 minute, some pullback and entry at LOD
Ricky: Need to clarify, what does "fade" mean?
Pontiff: only 171,000 shares traded on AMAG
James-ST Moderator: ricky, right after your question above we posted answer
j5: right, ok on 5m, as opposed to continuation when we use 1m, right?
Steve: yeh, 171k but avg daily vol is 134k
j5: continuation I mean, same direction of gap
Ricky: Thanks.
James-ST Moderator: yes, j5
j5: gotcha, tx
j5: btw, what do you mean by "some" pullback? (more or less)
James-ST Moderator: usually 1 to 2 bars on 5 minute chart
mellowg: CPRT was called at 29.92 but not shown on left column
j5: ok, tx
James-ST Moderator: yes, updating left panel is slow with this server
mellowg: np
j5: it's showing on mine,
mellowg: just reminder
Steve: j5 - I thought you were going to let James focus on the charts (just kidding)
j5: hehe, you're right, i guess we can bugg him now, it's after the 3 5m candle rush,
Steve: so we have your permission to start jumping on James about the server now ?
j5: james! the server @#s, lol j/k
James-ST Moderator: [img id=em-4]
Steve: ok gang, on the count of 3
James-ST Moderator: CPRT is close
Steve: 3...2...1... naw give him a break
j5: steve, im sorry man, i th ink the first 15' are just a rush, you know
Steve: yep, they are
nin: james fix cprt and ppco on table when you get a min
j5: hmm, cprt vol a bit low, no?
Steve: cprt 479k, what's wrong?
James-ST Moderator: half a million in 25 minutes is high volume
j5: ok, you're right, is just that we've been trading in the several millions
James-ST Moderator: HELE, nice pullback, although it has not fully touched the 5 ema on 5 minute we will look for a shor tentry
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]HELE 20.48[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]HELE 20.48[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]HELE 20.48[/b]
mellowg: j5 you getting spoiled...grin
allegro_bob: 1% ebay
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SBUX 37.39[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SBUX 37.39[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SBUX 37.39[/b]
James-ST Moderator: hey newbie
James-ST Moderator: nice allero
James-ST Moderator: allegro
allegro_bob: got lucky twice -- feeling liike I should call it a day!
Newbie: gm
mellowg: always a good odea bob
Steve: good day bob, keep it up
Gantra: i bought SIMG and forgot to adjust my profit stop and ended up taking a 3% profit!
James-ST Moderator: SBUX is close
j5: yeah, bob, with 2% i would, get out of here!! lol
mellowg: poor gantra sniffff
Gantra: i can't take it any more :(
James-ST Moderator: vn gantra
driver: mistakes can cost you Gantra
driver: or pay you off
allegro_bob: nice one Gantra
driver: lol
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AMAG 34.82[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AMAG 34.82[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]AMAG 34.82[/b]
j5: grr no shorts
2thdr: it shot down too fast...didn't get fill
mellowg: negative amag
driver: noone got amag
Steve: got filled on pull back
DavidBer: 12 cent spred!
Steve: at 34.77
driver: nice steve
j5: yeah, no too bad imo
DavidBer: The real question . . . James . . . Liz or Arin?
driver: Tim
j5: i usually enter on limits at .02% from trigger, that would have been 34.75 for me but no shorts
driver: Timmah
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMAG 35.35[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMAG 35.35[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMAG 35.35[/b]
James-ST Moderator: lLiz has to be 50 years old or more
j5: lmao, james
DavidBer: And for that I must chastize you until you are banned from being in here ever again
DavidBer: The server is having problems because you have bad thoughts about liz.
j5: what, you're watching an old movie or something?
mellowg: CPRT looks like a short at LOD???
driver: what happened to the volume on sbux
DavidBer: Pontiff thought about getting into it. It had to slow down so he could afford a 1m block.
driver: i was just in CPRT, i think long at this price is better
James-ST Moderator: either is valid on CPRT
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CPRT 29.03[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CPRT 29.03[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CPRT 29.03[/b]
James-ST Moderator: gm alex, gman, jharms
alex: gm all
gman: Gm....just logged in after several attempts. whats up with the server? constant problem.
j5: too many connections, lol
j5: no seriously, we should try to get this fixed soon, I think they're working on it gman
James-ST Moderator: gman, server issues......when ken and scott come in next week, demand that they change server provider........this is ridiculous
James-ST Moderator: hey jb
johnboy: hey James
Gantra: since i've been here for about a month, it was never a problem getting in before the market open. Now it takes forever
jharms: let's all demand a refund for the month
Steve: James, I know this is simplistic, but I assume someone has tried restarting the server - right !?
gman: agreed..there were talks about changing server but nothing happened..its better to have a couple of days of no trading just to get new server than get this problem over and over again,
j5: yeah, that'd make them fix it like in no time, lol
allegro_bob: did anyone get a good fill on AMAG?
Steve: amag at 34.77
James-ST Moderator: steve, no idea
momo: 1% on SNDK:)
James-ST Moderator: [img id=em-3]
Steve: James, may be worth looking into
allegro_bob: gj momo
j5: yeah, seriously, even if they had to raise monthlies by $5-$10, just gotta get done
James-ST Moderator: sounds good to me, be sure to let them know
James-ST Moderator: gm cook
James-ST Moderator: gm 888
888: tried to login since 9:00
gd: tough day....to many connections
j5: kept getting: Cannot connect to MySQL: Too many connections
James-ST Moderator: yep, all of us
James-ST Moderator: sorry about that
James-ST Moderator: for everyone
James-ST Moderator: what you guys do is flood ken and scott with your concerns / complaints next week until they do something about it
driver: good idea
James-ST Moderator: it is about time they actually change servers
driver: i'll do my part
mellowg: but james.... ken/scott lead us to believe that YOU took those decisions...grin
James-ST Moderator: [img id=em-4]
Steve: James, mention to Ken/Scott, you aren't having hardware problems, you're having MS SQL problems - check how many licenses you have purchased
j5: yeah, we're going on strike! lol
James-ST Moderator: HELE and SBUX relatively close
James-ST Moderator: hey bruno
mellowg: that would be a bitch if the only problem was a license problem...
mellowg: the price of success....
j5: hehe, yeah, it can't be i don't think, that would be easy to fix
Steve: Looks like it probably is, if they have a 50 user license, even though there are only 40 people signed on right now, SQL can use other licenses to support background processes etc...
driver: sbux gonna hit LOD very shortly
DavidBer: Wrong, it is MYSQL, there is no license for it
johnboy: nah, the squirrel cage just needs a lube job....
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CPRT 29.92[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CPRT 29.92[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CPRT 29.92[/b]
Steve: David, thx for info
jy: CPRT just spiked up
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CPRT 29.56[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CPRT 29.56[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CPRT 29.56[/b]
DavidBer: I personally think that they are on a shared provider for it and when someone else does a lot of sql work we get the lose. They should colo their own server and call it a day.
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMAG 34.84[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMAG 34.84[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AMAG 34.84[/b]
Gantra: What i don't get is why is it SO SLOW. It just churns away and then finally says too many connections. Seems like if the server weren't overtaxed then it would quick say that the connections were full.
James-ST Moderator: SBUX remains clsoe
James-ST Moderator: close
driver: definately going down
driver: in a sideways sort of fashion
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]AMAG[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]AMAG[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]AMAG[/b]
jy: AMAG ty it's goign to go lower
j5: nice guys, too bad i couldnt short
jvt: me either j5
DavidBer: j5 same boat here
jvt: but we defnitely got this cprt
mellowg: SBUX close
j5: yeah go baby
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SBUX 37.39[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SBUX 37.39[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SBUX 37.39[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SBUX 37.71[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SBUX 37.71[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SBUX 37.71[/b]
driver: down bux down
2thdr: hele close
Bry: Gm everyone
James-ST Moderator: gmm bry
mellowg: negative hele
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]HELE 20.48[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]HELE 20.48[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]HELE 20.48[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]HELE 20.81[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]HELE 20.81[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]HELE 20.81[/b]
jvt: also not shortable for me
Gantra: i didn't fill
Gantra: creepy
j5: w/ limit gantra?
mellowg: well we will have to rely on sbux
Gantra: no limit
jvt: sbux needs to get down
jvt: they raised their prices on coffee
Gantra: just filled
j5: comodities traders moving from oil/gold to coffee, could it be
Gantra: james, how did you figure that stop loss for HELE?
James-ST Moderator: HIGH ON 1 MINUTE CHART ABOUT 10 MIUTES AGO
James-ST Moderator: maybe 12 minutes
James-ST Moderator: abbey joseph cohen.......
Gantra: but what was the rule you followed for it?
James-ST Moderator: her claim to fame is calling the chip bubble?
James-ST Moderator: i just look for a recent pullback
James-ST Moderator: playing it tight
Gantra: ya not much of a pullback...kind of a gradual slope
DavidBer: sbux heading wrong way
Gantra: :( someone make it stop!
Newbie: stop..
Gantra: everything is going in wrong direction
jorge: gg
jorge: gm all
2thdr: what are the odds?
Steve: jorge, party is almost over
jorge: Couldnt joined the chat room earlier
mellowg: jorge did you bring the beer
jorge: Too many connections from swift server
Steve: yeah, alot of pblms this morning
jorge: any of you guys have problems this morning??
James-ST Moderator: just steve
mellowg: all of us jorge
James-ST Moderator: rest of us were fine
jorge: make up you mind pls
James-ST Moderator: [img id=em-6]
jvt: stomach problems?
James-ST Moderator: all of us jorge
Steve: I've always been a problem
mellowg: we had to give james some oxygene
dp: whats the stop on sbux?
johnboy: the only thing that we were offered for breakfast was a **** sandwich and we all had to take a big bite...........................name the movie James
James-ST Moderator: hm
James-ST Moderator: tough one
James-ST Moderator: no clue
Steve: 37.71
johnboy: damn, I can't remember either.......I was hoping you could........it was from the Vietnam era I think
James-ST Moderator: lmao
Steve: anyone drinking sbux right now - STOP
j5: im drinking the competition, so keep goinG?
jharms: sorry, can't resist my caramel macchiato
Steve: jharms - negotiate w/ it - you'll drink it once the stock hits 37.02 or lower
jharms: it does seem to tick higher every time I take a sip
j5: lol, mine is cold, need to nuke it a bit
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SBUX[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SBUX[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SBUX[/b]
jvt: ouch
Steve: ok, SBUX was jharms fault
j5: lol
jharms: I'll take the blame for that. I'll leave my e-mail so you all can send me hate mail
j5: stop sipping that thing man
Steve: chug it and we'll all go long
mellowg: that hurt
jharms: here we go, ahhhh, to damn hot!!
Steve: James, I got partial fill on HELE, should I pick up the remaining shares if it pulls back to entry ?
johnboy: ............Full Metal Jacket...........that's the movie it is from...........many classic quotes in that one..........phew, now I can get on with the rest of my day
mellowg: jb
James-ST Moderator: steve, that is your own call, but we stand by open positions
James-ST Moderator: jb, yes, classic movie
driver: CLOSE POSITION on SBUX
j5: i dunno man, market is uptrending now
johnboy: my goal for today is to use the phrase "unorganized grassbastic" at least three times
Steve: yeah, but what's your opinion based on how the chart looks
j5: also into lunch time
James-ST Moderator: still in downtrend, and below 5 ema on 5 minute, looks promising steve
James-ST Moderator: [b]CANCEL FURTHER TRIGGERS, TURN LUNCH PERIOD[/b]
jharms: just got smoked in cprt
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]CPRT[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]CPRT[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]CPRT[/b]
allegro_bob: did that close CPRT?
James-ST Moderator: whoah, pos
j5: wow nasty day
James-ST Moderator: shaken out
Gantra: 1 more to go....
driver: i close cprt when it get back to 29.90
jvt: best thing i seen this morning on cnbc
Gantra: bloodbath
James-ST Moderator: yeah jvt
James-ST Moderator: name?
allegro_bob: johnboy - don't bloviate!
mellowg: how am i gonna face the wife and kids...ahhhhhhhhhhhhhh
Gantra: lol
johnboy: thanks allegro, now I have to check the dictionary.............
j5: lol,
j5: i need to pay the water bill, now how?
Gantra: jb, don't bother. It starts with blo so it probably means blow something. easy.
allegro_bob: word for the day :)
johnboy: bloviate \BLOH-vee-ayt\, intransitive verb:

To speak or write at length in a pompous or boastful manner.
johnboy: water bill?
Gantra: ya...blow
johnboy: how much could a water bill be?
allegro_bob: Looks like stopping early was a good idea
mellowg: f$$$ sbux look at it
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]HELE[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]HELE[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]HELE[/b]
mellowg: there is a lineup on the ask side SBUX 38.00
mellowg: rdub remember what i said about flip
j5: yeah, lol i got to pay my water bill, lmao
johnboy: Seriously, I don't get it.........water is what $150 a year max
j5: j/k man, i don't even have a water bill im on well,
mellowg: lol
johnboy: uh oh, don't tell Cale
James-ST Moderator: Questions or comments gang?
j5: somebody said the water bill here b4, i thought it was really funny
rwalsh: james, ever heard of Adaptive Price Zone?
James-ST Moderator: walsh, no, sorry
James-ST Moderator: hey dp
James-ST Moderator: hey don
j5: what the heck is helen of troy corp?
the-Don: gm sir
the-Don: James any1 around from Harmon
driver: bm Don
johnboy: they make Trojan Horses
the-Don: gm driver
Newbie: gm Don
the-Don: gm newbiw
the-Don: newbie
mellowg: SBUX is really playing with my nerves
the-Don: just shorted cal at .60
Newbie: I no short inventory DON :(
j5: lmao johnboy
Steve: mellow, that's what happpens when you trade their stock and drink their products at same time
RUBEN: Hi everybody
mellowg: yup...
the-Don: James
j5: can't get attached you're just trading
mellowg: only thing i 'm attached to is my wife...and she got the key... grin
RUBEN: James, could you recommend, how many trades is convenient at a time?
driver: i believe James is on a lunch break
Newbie: the-Don are you out??
driver: i am on a hand break
RUBEN: I think so..
driver: ..must buy...punching bag
the-Don: no newie
the-Don: stop same as entry
Newbie: OK
the-Don: VLO testing another lod
Newbie: VLO drop below LOD
mellowg: t
mellowg: life is quiet on this front
jvt: mkt is quiet
jvt: sbux
jvt: wow
James-ST Moderator: [img id=em-5]
James-ST Moderator: qUESTIONS OR COMMENTS GANG?
James-ST Moderator: oops
mellowg: james it seems to me that most of the time we hit a stop, it is an opportunity to flip the investment...
James-ST Moderator: well not sure about that.......some research would have to be done to check the success rate of that
mellowg: the little bit of data i have sufggest it
James-ST Moderator: hm, perhaps forward idea to ken and scott
mellowg: might not be in their parometers, but have to keep an eye open
James-ST Moderator: yes
jvt: i seen it in the past it would of work flipping but havent got myself to do it yet
mellowg: it sure would have saved my SBUX and my water bill...
jvt: i picked some up when it b/o of that cup and handle
Steve: flipping your position is same as holding your existing position, and it doesn't cost additional commissions
jvt: but not as much as i wanted
driver: flipping for profits
jvt: need to move to that next stage to keep it consistent and not change tier size
driver: say you short and you rebuy at lower price, then you go long and sell at higher price
mellowg: true steve but this board assumes exit...
Steve: driver, agreed if you are getting out of your short position for a profit vs. a stop loss
jvt: anyone here swing trade alot?
the-Don: nahh we like to live dangerously and daytrade instead
mellowg: steven SBUX example, sorted 37.39, stopped at 37.71 but it continued to go up...cannot do profit without flipping
Steve: with all the probes these days, could be argued that swing trading is riskier given the news
jvt: yea i do too but for soem reason so much easier to set and forget the swing trades
mellowg: sorted=shorted
jvt: only been swinging 100 shares and it's been doing better than daytrade...but daytrade seems to more fun
jvt: sbux still going
Steve: mellow, ok/agreed, sorry I didn't follow what you meant, I thought you were talking about situation like CPRT this AM where it hit our stop and ran right back up to the entry price
Steve: but, that goes against the 'friend is your trend' mantra. imo I think the win% would be make it unprofitable
mellowg: that did not cross the 5/20 ema's
Welcome to SwingTrades.com!
.. has entered DayTrading Chat
Room is moderated
You can now talk
qwe has logged out
Newbie So you would short a stock, then set the stop for double the position you hold?
jy SBUX up and up too bad we didn't play the long side
Steve disregard friend is trend comment - depends on direction
mellowg nope..short stock.. and if at stop the trand ema's cross i would flip
jvt beautiful cup and handle in sbux
Steve jvt, yep woulda been nice long at 38.04
the-Don why is SBUX on the move
mellowg i work 3 minutes with 3/10 ems
mellowg ema
mellowg don---because i lost money on it...the f####
Steve do you find 3m whipsaws you more than 5m ?
jvt why u choose 38.04? i didnt get in till 38.10
jvt i use 3 min charts too
mellowg i confirm with 15 minutes chart
mellowg have both open and visible
jvt 3 min whipsaw a lil bit more but works gets u in some psoitions earlier
Steve 38.04 = high + 0.01 of 11:10 bar, which was start of handle
Bry has logged out
Steve so your using 3/15m vs. 1/5m
driver anyone short sbux at high of day?
mellowg yup
driver good
mellowg really don't like the 1 minutes..scares me too often
Steve that should actually get you in later and reduce whipsaw
jvt which one reduce whipsaw?
mellowg 3/15
Steve longer time frame reduces whipsaw
mellowg compared to 1 min
jvt so for daytrade u guys eliminate the 1 min
Steve are you finding that makes your fills worse but your win% better
mellowg i do... for my purposes
mellowg average is better... imho
Steve jvt, I use 1m/5m charts - sometimes 2m/5m
jvt 1 min only helps for scalp
jvt right now i use 1/3
the-Don me 2
the-Don 1/3
jvt i like it but get whipsawed alot
Steve imo, targeting 1% is near scalping
the-Don kinky u r
jvt and i have a 1 min indu and a 3 min spx
mellowg but don you play scalping a lot like with your CAL
the-Don yes i do
mellowg i tried that//don
jvt want to become a lil scalper but i waste so many shares
mellowg i tried that...don't have the nerve
Steve I think the term scalping came from the people who did it and what happened to their hair from the stress
mellowg lol
jvt lol i got lots of hair
driver has logged out
Steve me too - and i'm planning on keeping it
mellowg too late for me...
jvt lol
the-Don i wanna lose hair like bush on my head
Steve sorry mellow
mellowg started loosing when i was 23 so....
mellowg but it stopped when i got a divorce
jvt 23? man i'm only a few years older than that
Steve hahaha
conanboxer I thought Applethe stock option issue
jvt got some oldies in here
mellowg yup
conanboxer Apple's action on Stock Option issue was positive.
mellowg 58
jvt aapl looking like a short
mellowg or like my girlfriend says 60 minus 2
conanboxer Unlike other companies...they are more pro-active.
driver has entered DayTrading Chat
mellowg ema's crossing 3 min SBUX
jvt i hate their ipod keeps on having problems
jvt which ema mellow?
jvt 5/20?
jvt 5/10?
mellowg 3/10
driver u think its going back up, mellow?
jvt should be down if it cross
driver it was going down
driver would go opposite way if cross right? mellow?
mellowg i need to confirm with price going lower 20ema 15minutes the i will short
jvt so ur 3 min cross alerts and u wait for confirm on 15?
mellowg affirmative
jvt how does that work?
mellowg for me it does...
mellowg just confirmation
mellowg less money more often
driver seem like lot of support at 38.50
jvt on a 3 min...it's right there on the ma20
mellowg 20 eman is 39.42
Newbie even #
jvt on a 1 min it's hugging that ma50
jvt man that 15 min is slow
mellowg lol
driver seem like going down now
mellowg i am old...cannot do fast...grin
jvt don or steve what do u guys use as ur ema
the-Don 5 10 20
jvt sbux going to pop
jvt 5,10,20 that's what i use how u like that don/
Steve i use sma w/ my other strategies, but follow Ken's recom of 5/20/50 with these trades
jvt mkt really doesnt want to go
jvt but down
the-Don good go down
jvt qqqq really take their time going down
mellowg my confirm would be at .45
jvt that's the 5/20?
mellowg yup
mellowg 15 minutes
mellowg and now it will make a lier of ne
jvt hehe it's lunch time
James-ST Moderator: Anything of interest out there>
James-ST Moderator: ?
mellowg just me loosing money
James-ST Moderator: [img id=em-4]
driver and me losing more money
James-ST Moderator: [img id=em-2]
jvt so far nothing good
James-ST Moderator: tough market to trade
jvt my wife only remembers one thing...if someone is losing money someone is making money
jvt dont know what to tell her haha
James-ST Moderator: lmao
Steve jvt, convince her that when you are losing money, she is the one that is making it
mellowg my girlfriend is not allowed in trading room...she just knows the size of my vodka at happy hour and that tell her all....
driver im gonna boycot starbucks
jvt she wonder how my regular day usually goes and i let her read one of my book and that's all she remembers
jvt and i wonder for a doctor how come i'm always sick
mellowg lol
James-ST Moderator: [img id=em-5]
jvt wanted a flu shot the 2 weeks she said no saying ur 27 flu shots should be reserved for old people and people in the health industry
mellowg come on sweetheart SBUX the ema's are in the right direction ...follow'em you b#$$# thing
johnboy jvt, can she write me a note so that I go Stress Leave from the dayjob?
jvt haha she hardly writes me prescriptions
mellowg jvt...you a doc and she a doc...?
johnboy oh ya, I'll need some benny's too
jvt she's a doc in the work..i'm a trader haha
jvt she's on her 2nd year residency
mellowg so your a duck....ducking
johnboy or quack....quacking?
mellowg specialty... or gp's
mellowg sorry family medecine in the USA
johnboy don't worry mellow, I understood
jvt internal med...might specialize in hemonk
mellowg in other words..she get home and sleep... grin
jvt so far
mellowg grin
jvt is tie suppose to move down with the rest of steel stocks
jvt any good movies of note
mellowg nearest decent cinema, 100 miles away...grin
James-ST Moderator: Departed looks good and has stellar reviews, guess will check it out
James-ST Moderator: what?
James-ST Moderator: where the heck do you live?
jvt man where u live mellow
jvt u amish?
James-ST Moderator: lol
mellowg way out in the boon docks...in the hills above Puntarenas Costa Rica... puntareenas population 30,000low purchasing power
jvt costa rica...u get internet
mellowg nearest big town... San Jose 3.5 millions
driver internet is everywhere
James-ST Moderator: you moved down there or from there?
mellowg yest satellite internet
driver i had internet when i was in my mother's belly
jvt lol
mellowg left Canada in 76 for Freeport Bahamas..left Bahamas 88 for here
jvt hmm bahamas and costa rica need to make some trips down there
James-ST Moderator: wow mellow
mellowg you guest it..all fiscal paradise for a Canadian
James-ST Moderator: no taxes?
mellowg no income tax from outside of country sources
James-ST Moderator: what about costa rica, taxes?
mellowg up to now no taxes from foreign income
James-ST Moderator: so not taxes to any where?
James-ST Moderator: no
mellowg yes
Gantra mellow, i went on vacation to Eleuthera Bahamas. Small island. East side was stormy pacific and west side was tranquile caribean.
Bry has entered DayTrading Chat
James-ST Moderator: unreal mellow
James-ST Moderator: hey bry
Steve mellow, cool - I want to move south like that what are advantages/disadvantages ?
jvt hotty on again
jvt i wonder how uch makeup she wears
mellowg 3rd world...big time... no restaurant
jvt and if she got her lips injected
mellowg neighbour low purchasing power...
mellowg advantages is you are not a Yank, not taxes
Steve so very laid back slow environment, is crime/safety an issue ?
mellowg not where i live... but in big town.. as much as in big town usa
mellowg as i said before have not locked my house door since 1988
the-Don James have a look at PLLL
the-Don does it fit our requirements
Steve nice, my fiance is Canadian, we're talking about retiring down in the Caribbean somewhere
mellowg islands are nice... maximum 10 years then you get fed up... but meanwhile very nice
Steve fed up in what way
mellowg SBUX moving my direction
mellowg the island get smaller every year... you get to know who is sleeping with whom.. etc etc.. don;t really want to know after a while
Steve know anyone who lived on a boat and island hopped? I guess that would get clostrophobic
mellowg if you can adjust with sq fottage.. i did it for a while...
mellowg like everything... use but don;'t abuse
Steve sounds nice, wether on land or a boat - something to trade towards !
alex has logged out
mellowg beautifull likestyle.. with the right mindset
mellowg life
driver short sell ARNA advisable?
Steve mellow, thx for info - much appreciated
mellowg wc
johnboy mellow, I'll see you in 10 years........we'll play some street hockey
mellowg yeaaahhhhhh
mellowg i'll be old and with walking stick..grin
johnboy okay, losers outs then
johnboy just cuz I'm a nice guy
James-ST Moderator: ok lets take a look at B's
qwe has entered DayTrading Chat
James-ST Moderator: SBUX stuck in range
James-ST Moderator: HOD is not valid for us, since we noted there could be resistance on daily chart
James-ST Moderator: Very far from LOD.....
James-ST Moderator: AMAG has filled gap......no triggers on that
James-ST Moderator: HELE stuck in the middle of the day's range as well......may look at it if it gets near HOD or LOD but it looks like it is done for the dya
kimmron has logged out
James-ST Moderator: CPRT has no resistance above it, hod is vaild
James-ST Moderator: hmmm
James-ST Moderator: noted morning trigger is right around here as wll.....
JP What about SIMG at HOD?
the-Don what about PLLL
James-ST Moderator: JP very nice
James-ST Moderator: but.....
James-ST Moderator: the morning gap didnt clear congestion
James-ST Moderator: looks good though, if you enter, perhaps 13.33 stop.......pretty tight
driver any idea about ARNA at HOD, James?
James-ST Moderator: PLL no gap
James-ST Moderator: ARNA, ah one of our plays from yesterday......
driver yes
James-ST Moderator: I would hold off on it driver......
driver im thinking of shorting
James-ST Moderator: very very overbought
jvt acor one wild lil stock
James-ST Moderator: yep, i see a case for that, maybe wait for some sign of weakness and set stop at HOD
driver yes, James. My assessment
James-ST Moderator: yeah ACOR is a beast, some kind of drug approval
rwalsh phase III trial of drug helped patients with MS walk
James-ST Moderator: Any other questions or stocks of note?
James-ST Moderator: ty walsh
James-ST Moderator: Feel free to bring up personal trades or stocks of note
JP has logged out
JP has entered DayTrading Chat
2thdr has entered DayTrading Chat
the-Don James where is David
the-Don James where is James
mellowg that is the question
chrysler has entered DayTrading Chat
mellowg if a stock fall and there is nobody to see it ...do you really loose money...
johnboy yes
mellowg ohhh somebody is watching
jvt acor is a monster
mellowg wow
Bry has logged out
johnboy I wonder how Ken and Scott are enjoying there Jack Bauer/Chuck Norris fantasy Camp?
mellowg they will come back to reallity with the server problems...and wish there were back to brokeback
chrysler has left the room
James-ST Moderator: lmao
James-ST Moderator: sorry don i am here
James-ST Moderator: bauer norris camp
James-ST Moderator: hahahhah
James-ST Moderator: but yeah, i was getting irritated with the server this morning.......something needs to be done about it
mellowg it gives a bad odor for the rest of the service...
James-ST Moderator: aye
johnboy mellow, don't stray to the darkside, be proud of the "u".........it's "odour"
the-Don james wheres David
mellowg some members were really pissed off this morning
James-ST Moderator: i would be too
James-ST Moderator: don, no clude
James-ST Moderator: clue
James-ST Moderator: thing is, the server was an issue before........i think changing server provider is a must
the-Don any1 from Harmon?
James-ST Moderator: not today
James-ST Moderator: dont they have live support on site?
the-Don lazy @#@#@#@
driver you guys are preaching to the choir
JP Having issues with DAS Don?
the-Don live support off too left email 2 hrs ago
jvt i thought u guys changed server
jvt anyone here trade forex?
the-Don no they dont have shorts available for CAL
the-Don so usng my scottrade which i hate
James-ST Moderator: Any questions or comments?
the-Don find DAVID???
James-ST Moderator: well i can try
James-ST Moderator: did you find him?
dp has left the room
dp has entered DayTrading Chat
jvt james do u do any other trading?
jvt futures? options? forex?
the-Don no
driver baseball cards?
the-Don still no reply from them
James-ST Moderator: futures, i love options but there are not enough volatile stocks to make money off of them
James-ST Moderator: well use the live support on the site don
James-ST Moderator: just go to the site and click live support
jvt so no forex traders here?
johnboy James, trade any margarine lately?
James-ST Moderator: hahah
the-Don live help switched off no 1 home
James-ST Moderator: they knew you were coming
James-ST Moderator: hmmm
James-ST Moderator: i see it on
the-Don ahh now they back after 3 hr break
mellowg i looked at their brochure and do not find it convenient for a foreigner HARMON
James-ST Moderator: you trade with them don?
James-ST Moderator: drop them if you dont like your broker
johnboy I use Harmon........from Canada...........excellent for my purposes, imho
the-Don drop who?
James-ST Moderator: your broker
James-ST Moderator: coool jb
the-Don using DAS
the-Don and Scottrade
James-ST Moderator: das is pretty good
James-ST Moderator: simple to ues
James-ST Moderator: use
jvt das is harmon right
jvt das seems complicated to me
the-Don yeh when they say none available and then they sau have a profitable day?
the-Don cheeky buggers
James-ST Moderator: harmon is a group i think, das is a trading software
johnboy nah, jvt.........Das is easy
johnboy get the demo from Harmon for free and play around
James-ST Moderator: 7 yearss ago i use to use abwatley.......always thought they were fishy........
jvt i did..didnt like it too much but didtn give it time
James-ST Moderator: then boom........under investigation........
mellowg must have done something wrong left column dissapeared
mellowg it is back
James-ST Moderator: appears to be on
jvt i used refco last year and that scandel day i canceled
James-ST Moderator: wow, got your money back?>
jvt yea
jvt just a few months ago they asked me to come back
the-Don hope DAS does not go the same way
James-ST Moderator: you have a lot with them?
the-Don ya
James-ST Moderator: as long as not over 25 million i think
jvt not sure if it effect anyone..i sure wasnt effected by it
the-Don more than that
the-Don i wish
mellowg what is the insurance for overnight money with harmon...anybody knows
James-ST Moderator: [img id=em-5]
johnboy have a terrific evening gents and ladies, see you tomorrow
johnboy has left the room
James-ST Moderator: take care jb
mellowg jb cya
James-ST Moderator: what is insurance?
mellowg stock left with them
kcooksley has logged out
mellowg if they go belly up
mellowg as you are a member not a client...do they have any?
benbeth has logged out
benbeth has entered DayTrading Chat
James-ST Moderator: not sure what you are talking about mellow, dunno anything about Harmon
jvt what u use?
James-ST Moderator: I have IQ
mellowg just a question... like etrade is 5millions insurance on your account
jvt ib?
James-ST Moderator: from SOFDirect, sponsor us free i guess
jvt cprt
jy CPRT long hod @30.16 ?? james
jvt mkt seems so dead
James-ST Moderator: jy, lets hold off......
James-ST Moderator: overbought
James-ST Moderator: May work out, but overbought on 5 and 1 minute chart
jy ty james
mellowg james..i am holding short on SBUX at 38.45 suggestions
James-ST Moderator: 38.51 super tight, 39.01 if you want to let it play out
mellowg ty
mellowg tight is good
James-ST Moderator: any baseball fans here paying attention to playoffs?
mellowg never been never have
James-ST Moderator: [img id=em-6]
James-ST Moderator: football?>
driver has logged out
mellowg sorry james same answer
mellowg hockey???
James-ST Moderator: [img id=em-4]
mellowg lol
Newbie I'm a big football fan..
James-ST Moderator: what team?
Newbie Broncos..
James-ST Moderator: ah i like them
James-ST Moderator: Redskins though
James-ST Moderator: but Denver is always good to watch
DavidBer has logged out
Newbie Should be an ineresting game this week..Ravens coming to twn.
DavidBer has entered DayTrading Chat
rdub has logged out
James-ST Moderator: Denvers defense is incredibly fast.......could be a low scoring game
rdub has entered DayTrading Chat
slowmo has logged out
Newbie That's what I'm thinking..
medo has entered DayTrading Chat
Newbie If Javon Walker can get open he should have a good game..Will see if Jake can take the pressure that the ravens will bring..
slowmo has entered DayTrading Chat
mellowg i wonder how low this slide of SBUX will go
the-Don has logged out
James-ST Moderator: hey medo, slomo
James-ST Moderator: ah mellow.......looking good.......
mellowg yup
medo hi
medo has logged out
driver has entered DayTrading Chat
rdub a tech question here : anyone know how to do a screen grab of a selected region?
James-ST Moderator: [img id=em-6]
rdub what's up James?
James-ST Moderator: nada
Steve rdub, a couple years ago, I downloaded a shareware program called PrintKey2000 that works great for doing that
rdub cool Steve, thanks ... just switched over from Mac and I'
Gantra this is a good tool for that also http://www.download.com/SnagIt/3000-12783_4-10559261.html?tag=lst-0-1
rdub and I'll miss that feature for saving charts
Steve that's what I use it for, print charts at end of day for my trade book
rdub cool Gantra, thanks!
Newbie has left the room
rdub has logged out
the-Don has entered DayTrading Chat
rdub has entered DayTrading Chat
James-ST Moderator: Market dead flat today.....contemplating its recent breakkout ot upside.....
James-ST Moderator: market asking itself "is this for real?"
jvt melllow u still have ur sbux
Steve and our results reflect that...no suprise there
James-ST Moderator: yep
mellowg out srbx 38.15
jvt what results
jvt i dont even have a left chart
Steve man, it could have been a golf day
rdub total rangebound day after a 20-point day in the futures
driver gonna flip, mellow?
mellowg chickened out 38.13 seem hard to swallow
James-ST Moderator: http://youtube.com/watch?v=dMH0bHeiRNg
mellowg 15 minutes are not right
James-ST Moderator: you guys have probably all seen that video, but i only saw it recently......
Steve They had the founder of youtube on CNBC the other day, 34 million subscribers and they can't find a way to turn a profit - if that doesn't stink
jvt i love youtube
James-ST Moderator: yeah, they just cant make money, every new video they actually lose money
James-ST Moderator: bandwidth
Steve they were talking about advertisng revenue, but if they start that their afraid they'll piss their customer base off - rock and a hard spot
James-ST Moderator: yep
James-ST Moderator: yet, one of the fastest growing sites on net
mellowg back in short SBUX 38.06
jvt go yankees
Steve go mellow go
mellowg right i think i might have f$$$up
swimfan has logged out
Steve with time, the market will answer your question
jvt was that a scalp?
mellowg nope
Steve close that gap and you're king for the day
James-ST Moderator: AMAG new LOD
mellowg no need to be king just trying to recoup my earlier loss
Steve sometimes I'll set my stop/target and walk away, it seems like the stock will only move in my direction when I'm not looking
James-ST Moderator: so true
mellowg passing those round numbers is soooo hard
driver has logged out
jvt is lcav trying to close that big gap
jy made 7% on ACOR long today.
James-ST Moderator: sweeeeeeeeet
mellowg jy gj
jy ACOR is up 22.3% now
jvt nice jy
jy ty
jvt should hold 100 shares long term
the-Don have 2k long term
Gantra jy Wow!
the-Don from last 2 weeks when i called this
jvt i thought i saw that stock from this room
the-Don ya it was me calling it
the-Don told scot several times to put it on
the-Don he said he forgot
jvt called out jcom yesterday sold that today one slow moving stock
jvt cnbc alert
jvt angn
jvt pumping rad
jvt there's my 1%
JP moved 2% since baldy started speaking.
Gantra does he really moves the stocks like that consistently?
jvt love it
jvt sbux
jvt haha
jvt now that's a scalp
Steve mellow, sorry about sbux, you still in ?
JP Don't know. He moved DIVX a good 18% last week.
jvt bought 38.11 sold at 38.22
jvt yea lately cramer has been moving stocks
jvt good for scalping
the-Don TIE good today
Gantra i used to know some people who worked at DIVX. Wonder if they are cashing in on the IPO.
jvt k guys i'm done turn my red day into flat..c ya guys tomrrow
jvt thanks for all the info on ma and charts
jvt has left the room
Cale has logged out
JP has logged out
medo has entered DayTrading Chat
medo has logged out
Brian has left the room
the-Don who uses DAS here?
James-ST Moderator: [img id=em-6]
the-Don no 1?
James-ST Moderator: Any final questions or comments gang?
the-Don James which ECN do u use
James-ST Moderator: Lot of people logged off.....probably better to ask in the morning
the-Don ok
James-ST Moderator: ARCA or INET
the-Don why not the free ones?
the-Don such as NITE?
James-ST Moderator: free, what are you talking about? nothing is free?
the-Don http://www.harmontrading.com/fees.htm
James-ST Moderator: oh, i dont know about that
James-ST Moderator: everyone is different i guess
the-Don trading fee is different from using the ECN
James-ST Moderator: but, not like i pay attention to fees, i get a very low commission
Bruno3 has logged out
mellowg inside job right james
James-ST Moderator: NITE is good
the-Don no just my query was the differences
James-ST Moderator: yep
James-ST Moderator: all of them are good
James-ST Moderator: i think it just depends, say if you are trading a thin stock
James-ST Moderator: some ECNs may not have shares
James-ST Moderator: so you just have to choose the one that does
the-Don ok
the-Don i c
sieno has logged out
conanboxer has logged out
conanboxer has entered DayTrading Chat
James-ST Moderator: Ok gang, catch everyone bright and early tomorrow
James-ST Moderator
James-ST Moderator
James-ST Moderator
mellowg cya james
dp has logged out
mellowg has logged out
jy james is the market close next monday
James-ST Moderator: ah, i think so.....
James-ST Moderator: let me check
James-ST Moderator: what holiday is that jy?
James-ST Moderator: lmao
jy Columbus day
James-ST Moderator: not sure will check tomorrow
James-ST Moderator: 90% sure
jy ty
James-ST Moderator: ok gang