**********************************************************
********** Good Morning Everyone
********** Wednesday February 28th, 2007
**********
********************************************************************
Cale LOL
Ken-ST Moderator: gm Scott, Cale,Greg, Jen, Bob
david has entered DayTrading Chat
Cale nice to see you all cleaned up
Jim has entered DayTrading Chat
Scott-ST Moderator: gm Jim
Jeramie has entered DayTrading Chat
Jim gm
JQ has logged out
MajomX has entered DayTrading Chat
Scott-ST Moderator: Take care JQ
Scott-ST Moderator: gm MajomX
bme347 sbsi extreme low volume
MajomX gm guys
Scott-ST Moderator: yes that one is very thin bme
Scott-ST Moderator: we will keep an eye on it
Scott-ST Moderator: see how it trents
duke has entered DayTrading Chat
Scott-ST Moderator: today is a very very conservative trading day
Scott-ST Moderator: see how this market shakes out
Scott-ST Moderator: gm Duke
duke gm all
duke will be interesting day for sure
Scott-ST Moderator: I would suggest being very CONSERVATIVE today
Scott-ST Moderator: maybe a good day to just sit and watch
Cale yep, I would agree Scott
JQ has entered DayTrading Chat
Cale I think today I will just play SNDK a little
david has logged out
Jim I am with you Cale.
emilio if you made good money yesterday, today is a great day to do on sim
emilio just my opinion
JQ Great scott do you have IQ charts??
Scott-ST Moderator: do on sim ?
duke any bets on how market will close today?
pb Dow down 50
Cale I use InstaQuote and Ensign and eSignal
Scott-ST Moderator: emilio? do on sim?
Scott-ST Moderator: yes JQ IQ charts
Cale if I was a betting man I would say down again today
MS has entered DayTrading Chat
emilio simmulator
Cale futures are up just a little bit
Scott-ST Moderator: ah, yess
JQ trying to get emini s&p 500 upon chart
Scott-ST Moderator: good cale Emilio
duke I say down too
Scott-ST Moderator: which emini JQ?
david has entered DayTrading Chat
Scott-ST Moderator: s&p is just spx
Scott-ST Moderator: the S&P emini is esc7
Cale maybe not buy much but I think it will be down
Ken-ST Moderator
Ken-ST Moderator: ***********Market Assessment**********
Daily Chart: Below the 5 day EMA, Stochastics in downtrend
Hourly Chart: Downtrend with 20 EMA below the 50 EMA
5 min Chart: 5 min Chart: Downtrend with 20 EMA below the 50 EMA

Futures are up 5 points. Overall market bias is to the downside. Market is gapping up into the previous day’s range.

Jeramie harami
bobby has entered DayTrading Chat
tc has logged out
duke lets just watch and see what happens
Kramer12 has entered DayTrading Chat
allegro_bob has entered DayTrading Chat
Scott-ST Moderator: watch is the key work duke
Cale here here Scott :)
duke yep coach
Ken-ST Moderator: ok gang, lets roll baby
MS Hi Duke - Make money is the key word
duke wonder how all those orders that did not get executed will work out
Scott-ST Moderator: again lets be smart and play todya Conservative!!!
duke MS...money management
johnboy has entered DayTrading Chat
Ken-ST Moderator: gm jb
johnboy gm Ken, Scott, everybody
Ken-ST Moderator
Scott-ST Moderator: gm johnboy
Ken-ST Moderator: Watching for Type B Short at new low of the day on ADSK 39.33
Ken-ST Moderator: Watching for Type B Short at new low of the day on ADSK 39.33
Ken-ST Moderator: Watching for Type B Short at new low of the day on ADSK 39.33
Cale gm johnboy
johnboy sup Cale
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on PRFT 18.24
Ken-ST Moderator: Watching for Type B Short at new low of the day on PRFT 18.24
Ken-ST Moderator: Watching for Type B Short at new low of the day on PRFT 18.24
Pontiff Ken...already 3.5 mil shares on sp futures normally triple the whole day now just in the am!!!
pb do we need to cancel PRFT?
JQ has logged out
Ken-ST Moderator: they are on a CC now but watching it
Ken-ST Moderator: no signals
Ken-ST Moderator: most stocks are trading right back into the p/d range
Cale not sure what chart your looking at pontiff, but I am not seeing that volume at all
Cale oh. and they are contracts not shares
Pontiff fine 3.5 mil contracts
Pontiff das trader pro
Ken-ST Moderator: wow, leap taking off
Cale so thats not the emini then
Pontiff it is the emin sp future
Pontiff #esh7
JQ has entered DayTrading Chat
Ken-ST Moderator: wb
johnboy RSPG HOD
Ken-ST Moderator: its over 3
johnboy booyah!
Ken-ST Moderator: nice volume as well
Pontiff he rspg broke 3
Cale nice RSPG
allegro_bob sp mini is a screamer this am
Pontiff BOOM!
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
allegro_bob 4 pts up --- 4 pts down
Scott-ST Moderator: chop range
Pontiff GDP revision
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ADSK 39.33
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ADSK 39.33
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ADSK 39.33
Pontiff BOOM!
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Pontiff BOOM...BOOM...BOOM!!!
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short PRFT 18.24
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short PRFT 18.24
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short PRFT 18.24
Pontiff Look out beloooowwww....
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in PRFT
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in PRFT
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in PRFT
Pontiff just got your email blask on rspg kenbo
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop to entry ADSK
Ken-ST Moderator: UPDATE: Moving stop to entry ADSK
Ken-ST Moderator: UPDATE: Moving stop to entry ADSK
Cale take the ADSK profit!!!
Scott-ST Moderator: good job cale
Ken-ST Moderator: sure
Ken-ST Moderator: dont be afraid to take soem off
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ADSK
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ADSK
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ADSK
allegro_bob has logged out
Mana Ken, could ADSK possibly go to october high of 37,4 or i am too optimistic ?
Ken-ST Moderator: there is very little support below
Ken-ST Moderator: but cant say for sure it will get there today
Pontiff BOOOOOOOOM!!!
Pontiff the sky is falling
Pontiff the sky is falling
Pontiff yea the economy is just fine!!!
Pontiff yea right!
Pontiff i knew the gdp when it came out at 3.5% for the 4th was bull****
Scott-ST Moderator: ADSK looks like, over time, it wants to fill that gap in mid Nov
Pontiff manhattan was absolutely DEAD during the Christmas season
Pontiff if you were watching CNBC a week ago you would have thought it was 1986 or 1999
Pontiff bunch of liars
Pontiff FOX News Channel is starting their own Business Channel this September
Pontiff I am changing channels for sure
Cale so pointif, we dont hear from you for weeks, and now that you think we are in a recession, you cant stop typing
Cale I think the Pontiff needs to take a chill pill
Pontiff Yea steve everything is alright
Pontiff i have been saying this since the summer Cale
Pontiff is all a load of crap
Cale but nothing is happening really
Pontiff i got chased out of here when i was telling people to buy a stock they missed out on
duke that spy one minute chart looks like a rollercoaster
Cale we had a correction yesterday does not mean the markets are crashing
duke I agree cale
Pontiff listen i was at an oscar party sunday night
Pontiff everyone fairly well to do
Pontiff who said it going to crash genius
Mana JOYG stabilize near 45, support or just a pause to abyss ?
Pontiff all i am saying is that cnbc is full of ****
duke so what else is new
Cale that is true, but we all know that, CNBC LOL
duke but don't bad mpouth Becky!!LOL
Pontiff everyone at the party from diverse career backgrounds said they pulled in their purse strings for over a year now and will continue to do so because things were "tight:
johnboy or Liz
Cale okay, here is the game, come up with what CNBC really stands for
Pontiff no becky is my fav
Jen Can Never Believe their Calls
Cale lol
duke good one Jen
Cale Crap, Nothing But Crap
Jen thxs :)
johnboy LOL Jen, Cale
Scott-ST Moderator: good one Cale
JQ lol
david has logged out
duke jen...how come your emoticaons work and mine don't...I feel discrininated against...LOL
JQ Pontiff or CNBC??
Ken-ST Moderator: lol
Jen not sure
Pontiff thats a good one cale i like it
Cale ty
MS Hey Cale - Where were you yestderday?
Cale duke just do these to together : )
johnboy or change the "crap" to "cheerleading"
duke must be that mountain air that keeps him so sharp
Ken-ST Moderator
Pontiff CNN
Ken-ST Moderator: Watching for Type B Buy at new high of the day on LEAP 69.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on LEAP 69.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on LEAP 69.51
Pontiff Clinton Netword News
Cale hey MS, had and apt
Cale I missed the big party I see
MS Yes you did
david has entered DayTrading Chat
Scott-ST Moderator: GM david
Ken-ST Moderator: gm David
Scott-ST Moderator: anyone have any questions?
Scott-ST Moderator: or a personal Stock they are looking at?
Scott-ST Moderator: Jen, you always have a good one
Scott-ST Moderator: Cale?
Cale watching DIS
Cale but as you said, today is a day to be conservative
Jen DECK?
Jen nevermind
Scott-ST Moderator: lol
Ken-ST Moderator: just based on signals its a valid short at a new lod, but the daily chart is still in range
Jen PRAI
larrybill is anyone else have delays in executions because of volume?
Cale you playing that one Jen?
Jen no, have to leave for the dentist
Cale ah
Cale fun!!!
Cale the Dentist
Cale nope, all good here Larry
Jen I like the setup but it isn't really moving
Jen yeah, get this, the dentist is my old boyfriends new wife! What was I thinking! She has sharp tools in my mouth!
Lippy Watch the gas Jen
ar has logged out
Jen good idea Lippy!
duke whatever you do...don't make her mad...LOL
Jen she's already miffed because I missed my last appointment!
Lippy bring her a pair of shoes...or something
ar has entered DayTrading Chat
Cale lol
duke whooops...slip...sorry I cut your tongue off
Cale Jen, maybe time to find a new dentist
Jen ok, here I go, if I don't return, you'll know something happened! True Cale!
Cale lol
Scott-ST Moderator: wb ar
emilio or just stay away from your ex-boyfriend
MS Scott - How did you come up with a 1% profit target- Just experience or research ?
Scott-ST Moderator: lots of both MS
Scott-ST Moderator: ADSK is a perfect example
Scott-ST Moderator: got the 1% and look what happened
MS Thta's why I was asking
Ken-ST Moderator: The strategies are designed for minimum profits of 1%
Ken-ST Moderator: we researched our experience
Cale 1% seems like nothing but sure adds up very fast!!
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ADSK 40.03
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ADSK 40.03
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ADSK 40.03
kima has entered DayTrading Chat
MS Your strategy makes sense. Just the level of the stop loss @ 1.5% is crutial to be move ASAP to at least 1% or B/E, if not you don't keep up with your ratio of 2 winners for 1 loser
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy ADSK 40.03
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy ADSK 40.03
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy ADSK 40.03
johnboy bid at 40.03, filled at 39.97....grippage? weird
Ken-ST Moderator: HAHAHA
Ken-ST Moderator: thats the first time i heard that term
Ken-ST Moderator: Phrase first termed by jb
MS Impossible
Ken-ST Moderator: quick, patent it
johnboy lol
jr same here 39.96
johnboy nice jr, my platform was kind of hanging though...
Scott-ST Moderator: grippage
Scott-ST Moderator: I like it JB
pb Stop for adsk?
johnboy it threw me off, for a split second, I thought that I shorted by mistake, but I'll take it.....dumped it at .25 though, once I realized the platform had hiccups
MS Yeah sure
Scott-ST Moderator: 39.57
pb thanx Scott
MS JB - I was born in 1932
johnboy ok, I was born in 1974.........
johnboy I don't get it
Cale no way ms
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on ADSK 39.57
Ken-ST Moderator: UPDATE: Moving stop on ADSK 39.57
Ken-ST Moderator: UPDATE: Moving stop on ADSK 39.57
Cale sorry MS I dont go for that
emilio is that a typo MS?
emilio If not Congratulations...my dad is born 1948 and can't imagine him on a computer and less see him trading
MS No I was born 9/9/1932 Nineteen hundred and thirty two,
emilio when did you start trading?
MS Around 1976
Cale you 70+ and your wife works, and you have a dakiti
johnboy dakiti=?....ducati?
emilio who said trading is just for short term ? lol
Cale Ducati
MS She is 25 years younger - full of enthusiasm - she is nurse critical care specialized in trauma
johnboy nice bike
Cale you go boy!!!
Cale I like the way you think MS :)
Ken-ST Moderator: JOYG has a nice short setup at a new lod
Ken-ST Moderator: gang, lets play it tight with ADSK
MS Why buy an old car if you can get a new one:)
Cale okay Ken I am in!!!
Ken-ST Moderator: there was a nice surge with it earlier and it is on the pullback
MS I am in too
emilio ok, great..so now i got a trading plan...keep actual wife till i reach 50, and change for a 25year old
Cale lol emilio
Cale thats good
johnboy funny emilio, your wife has a similar plan
MS lol
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on ADSK 39.89
Ken-ST Moderator: UPDATE: Moving stop on ADSK 39.89
emilio but don't know if that fits my moneymanagement strategy
Ken-ST Moderator: UPDATE: Moving stop on ADSK 39.89
jr has left the room
Cale i will go in at 44.43
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on ADSK 39.92
Ken-ST Moderator: UPDATE: Moving stop on ADSK 39.92
Ken-ST Moderator: UPDATE: Moving stop on ADSK 39.92
Ken-ST Moderator: If you wanted to be conservative, exit out at entry
MS Done 39.92 stop
Ken-ST Moderator: or on rallies in your favor
Ken-ST Moderator: ADSK found resistance at the downtrending 5 ema MAs
Ken-ST Moderator: the market is overbought in an overall downtreding market
Ken-ST Moderator: so caution
Scott-ST Moderator: and conservtive
Scott-ST Moderator: conservative
djg has entered DayTrading Chat
MS OK I got a limit at entry price and stop loss at 39.92
Cale good man MS
MS let's hope I get filled at B/E
MS 5 cents either way
Cale stop loss is 39.92?
Cale wait are you in now MS?
MS yes
Cale oh
MS yes I am
Cale long?
Cale Ken called a Short right?
MS Long Cale ADSK look on the board
Cale oh, I thought you were talking about JOYG
MS There are two trades the short is completed a while ago
Cale my bad
Cale I got those, I was talking about JOYG
Ken-ST Moderator: JOYG at a new lod would be handsome
Cale yeppers, I am all setup for JOYG
MS That's what happened when you take a day off
Cale once the markets starts to fall again
Cale lol
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS, Until after Lunch
Scott-ST Moderator
Pontiff has logged out
Cale Later Montiff
Scott-ST Moderator
MS One cent
Scott-ST Moderator: STOPPED Consider exit in ADSK 39.92
Scott-ST Moderator: STOPPED Consider exit in ADSK 39.92
Scott-ST Moderator: STOPPED Consider exit in ADSK 39.92
MS Not yet
MS maybe , My lucky day
Scott-ST Moderator: STOPPED Consider exit in ADSK
Scott-ST Moderator: STOPPED Consider exit in ADSK
Scott-ST Moderator: STOPPED Consider exit in ADSK
gregory has logged out
Mana I talked a little bit about it yesterday, it seems that all high of the day breakout lead to a huge drop 80% of the time. But shorting a breakout is risky and unnatural ...
MS Mana How did you get this number( 80% of the time)?
MS OK filled at B/E I was lucky
Ken-ST Moderator: yeah i dont think the bid every got past .93
MS I had a stop at .92 and never got stop, that's why I did not understand you exit warning
MS It should be at B/E
Ken-ST Moderator: there was a print there, I dont think i saw the bid get to the trigger
Ken-ST Moderator: thats why you probably didnt get triggered
MS I had 620 shares
JQ Kenbo I cant get the Emini S&P to come up on IQ charts
MS OK going for lunch
Ken-ST Moderator: You have instaquote?
Ken-ST Moderator: You may have to order the futures feed
Ken-ST Moderator: ESC7 on instaquote
JQ ok I will check thank you
Ken-ST Moderator: yw
MS OK I am back
Scott-ST Moderator: JQ I told you that a long time agoe
MS Scott The Swing trade portfolio is empty we need some actions
JQ TY Great SCott having problems with IQ ..I muust not have futures feed BROBO
Ken-ST Moderator: lol
Scott-ST Moderator: MS, after yesterday, we needed to step back and take a look at what was going to happen
MS I'll teel you it's going back up again slowly but surely............
JQ Not to mention on any new dowload I AM A DUMBASS!!!
Scott-ST Moderator: dont fee bad JQ everyone does
MS This china drop yesterday just created some panic - If you panic trading you are out of the game in no time
Scott-ST Moderator: I love that show
Scott-ST Moderator: err meant to be a PM
Jen has logged out
Scott-ST Moderator: take care Jen, good luck at the dentist
Cale MS, did you sell your bike?
Scott-ST Moderator: maybe when I come out to Vegas I can ride it MS???
Cale you have to hurry before he moves to LA or sells it
Scott-ST Moderator: anyone a smoker and trying to quit?? or have tried to quit?
Scott-ST Moderator: Been working on my friend to quit and he just cant quit
MS I smoke but never tried to quit - why?
Scott-ST Moderator: just wondering what its like to be addicted like that
Scott-ST Moderator: and my friend has been trying to quit for over 3 years
MS Thta's means he does not want to quit - pure and simple
Scott-ST Moderator: thats what I keep telling him
Ken-ST Moderator: yup you are right MS
Scott-ST Moderator: he's funny, because he has tried the GUM the PATCH everything they offer under the sun
Scott-ST Moderator: he goes in for Hypnosis on Friday
Scott-ST Moderator: he thinks that will help
MS If you fat the only way to loose weight is quit eating, if you smoke, the only way to quit is to stop smoking - very simple strategy
Scott-ST Moderator: NOPE dont agree with that compairson
MS There is no miracle solution
djg i smoked a pack a day and chewed a can of kodiac a day and quit over 5 years
Scott-ST Moderator: if your fat you can exersice and eat right
Scott-ST Moderator: nice job djg
MS But if you don't have the will nothing is going to help.
djg to quit i chewed the nicorette gum for 2weeks but not as much as recommended
Cale my mom quit cold turky 4 years ago after smoking for over 50 years
Ken-ST Moderator: how did you surgury go djg?
MS She had the will - very simple
Cale my Uncle had a heartattack and the fixed her very fast
djg perfect
Scott-ST Moderator: good to hear djg
Ken-ST Moderator: nice
djg very easy no pain so far forgive spelling today i am on vicodine
MS wb - djg
Scott-ST Moderator: I heart vicodine
Cale good to hear djg
Cale how long was the surgury?
djg 1 hour
Cale micro?
djg orthoscopic
djg wasnt as bad as the doc thought so rehab will be shorter and easier than expected
djg i should be punching people and surfing by june at the latest
Scott-ST Moderator: nice
Ken-ST Moderator: lol
Cale who are you going to punch?
Cale Jack Bauer?
djg sparring partners only willing participants
Scott-ST Moderator: lol
Scott-ST Moderator: djg what made you quit smoking?
djg didn't want to die from cancer and hold my breath longer for surfing hold downs
MS Key word " Willing partners"
Mana has left the room
Scott-ST Moderator: good job djg, how long did you smoke
djg maybe 12 years
MS I started smoking during world war 2 - still here
Scott-ST Moderator: thats not too bad
Scott-ST Moderator: lol MS
frank can anyone tell me how i can take out the you whisper from my chat?
Scott-ST Moderator: you were 10 when you started smoking?
Ken-ST Moderator: you can click on your name i believe
frank thx
MS No I meant after world war2 , I started when I was 16
Scott-ST Moderator: ah
riley has entered DayTrading Chat
Scott-ST Moderator: MS any disere to quit?
Scott-ST Moderator: Hello Riley
riley hi
MS No - I enjoy my cigaretes, coffee, and lots of sex ....
Ken-ST Moderator: hi riley
Scott-ST Moderator: I used to bust my parents and tell them they could have paid my collage w/ the $$ they spent on Cigaretes
Cale MS, when I am your age I hope I have your attitude
riley hello
Cale not that your relly all that old
Scott-ST Moderator: 1st dya Riley?
MS Hey Cale - the older you get the more you want......
johnboy nice save Cale, MS is already on his way to Colorado to give you a nugey
riley almost - here as jr before
Scott-ST Moderator: ah okay welcome back
Cale LOL JB
riley thx
Cale I think MS missed Scotts Questions about his bike
MS What Bike?
Cale Whoot Who, more Snow!!!
bme347 has logged out
Ken-ST Moderator: I watching JOYG right now
Cale 11:32 MS
Ken-ST Moderator: its right in the middle oflunch
Cale Ken I have a shot order in at 44.43
Ken-ST Moderator: hopefully it can hold out until after lunch before it takes out the lod
Scott-ST Moderator: Scanning for type C's
Lippy Gotta go Gang, Costco is waiting to take all my money..like always
Cale MS you have a Ducati right?
Ken-ST Moderator: lol
Ken-ST Moderator: ok lippy have a good one
Scott-ST Moderator: take care Lippy
Lippy tc guys
Lippy has left the room
Scott-ST Moderator: poor Ben Bernanke, getting hit with Tax questions
Ken-ST Moderator: yeah i really feel sorry for him
Scott-ST Moderator: when did Bernanke take over for Greenspan?
Cale Ben S. Bernanke was sworn-in on June 21, 2005 as Chairman of the President's Council of Economic Advisers. Prior to his appointment to the Council, Dr. Bernanke served as a member of the Board of Governors of the Federal Reserve System.
Cale but was sworn in on Feb 1st 2006 as Chairman of Fed Reserve System
djg stated smoking at 15 or 16 i'm 32 now
Cale MS< you in JOYG??
Cale I am in JOYG now
riley has logged out
Scott-ST Moderator: I know t2t would have gotten in to JOYG with me
Cale LOL
Cale where is t2t?
Ken-ST Moderator: lol
Scott-ST Moderator: he said he had some kind of consulting gig he had to go to for 2 weeks
Scott-ST Moderator: err with you cale not me...
djg cale where did you get in to JOYG
Cale I know what you ment
Cale 44.43
Ken-ST Moderator: nice JOYG made a new lod with a small rally here
Ken-ST Moderator: hopefuly it will resume after lunch
Cale thats fine as long as it goes down
Cale before the closing bell
MS Cale I did not get in JOYG - I like most of my trades in the direction of the maket - But I am trying very hard to combat this false illussion
MS Thta's why I am in this day tradin chat room
Cale well I wouldnt call it False
MS Never too late to learn
Cale its what your comfortable with
Jeramie has logged out
Scott-ST Moderator: tc Jeramie
Jen has entered DayTrading Chat
Scott-ST Moderator: wb Jen, that was fast trip to the dentist
Jen no cavities!!!
Scott-ST Moderator: Good Job Jen
Ken-ST Moderator: thats always good news
Cale dude, bad tick stopped me out
Cale that just blows :(
Scott-ST Moderator: sorry to Hear Cale
Cale yea, they know I was in Short and had to shake me out
MS I need Nasdaq to break 2432 then I am confirm long
MS if it goes below 2411 then I will be confirm short
MS It's only a theory
MS Today was a good day so far 2 winners and one B/E , I need one more this afternoon
Scott-ST Moderator: good theory
Ken-ST Moderator: brb
Scott-ST Moderator: brh
MS Scott - Ken - Since I have been directing all my entry trades via ARCA my fills have improved tremendously. Thank you for this suggestion.
Scott-ST Moderator: good Job MS
Scott-ST Moderator: it may cost just a tad bit more, but well worth it...
frank scott what about czn long?
Scott-ST Moderator: let me look
Scott-ST Moderator: very overbought, its lunchtime, no 2nd pull back, in recent range.
Scott-ST Moderator: not looking like a good Long Frank
frank ok thx
Scott-ST Moderator: it might workout but its not part of our strategy...
frank ok
Cale and there arnt enough letters in the symbol :)
Scott-ST Moderator: any other quesitons?
Mike22 Scott, how do you measure overbought/sold mkts? it is an RSI?
emilio has logged out
jeramie has entered DayTrading Chat
Ken-ST Moderator: Mike we use Stochastics ot measure overbought/oversold
Ken-ST Moderator: wb jeramie
Scott-ST Moderator: 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.
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on JOYG 44.22
Ken-ST Moderator: Watching for Type B Short at new low of the day on JOYG 44.22
Ken-ST Moderator: Watching for Type B Short at new low of the day on JOYG 44.22
MS wow it's far away
Mike22 Stochastics.. got it. Tks Ken
Ken-ST Moderator: [img id=em-8]
MS what's the code for the volatily index : I forgot VIX? or something like that
Ken-ST Moderator: yes
MS I guess I don't have the feed for that one
Ken-ST Moderator: vix.x?
Ken-ST Moderator: try asking your borker
Ken-ST Moderator: broker
Ken-ST Moderator: they would know
MS I got it on my financial yahoo page it is -2.69 (delay 15 minutes) what do you have?
Ken-ST Moderator: its at 15.37
Ken-ST Moderator: currently
MS Yes I got 15.62 - 2,69 from yesterday's close, any ideas on how to interpret this volatility index?
Ken-ST Moderator: its just a gauge of possible fear in the market
MS OK will stick with the three EMA's and stochastics
Cale Ken the higher the number the more volitial?
Ken-ST Moderator: yes
Ken-ST Moderator: and more fear in the market
MS Getting close on JOYG 44.34 now entry at .22
Jim has logged out
MS Going short with a market going up - I don't know - I need someone to convince me
Cale okay am in ag 44.43
Cale again
MS Cale are you short @44.43 JOYG ?
Cale again
jeramie joyg hitting 200 ma on daily
Cale and I was the one that said I would not tarde today
MS Cale -why don't you wait for the break?
MS @.22
Cale well
Cale i dont know
kima I would say from 44.22 the decrease could be too quick
Scott-ST Moderator: did you see that last huge tick?
MS yes i did
Scott-ST Moderator: did it stop you out cale?
Cale nope not this time....
MS on the 5 mnt $INX
MS OH I see you meant the huge tick on JOYG
kima Scott, I use bars, not candles.Where could I finf the theory of candles if any?
Scott-ST Moderator: google
Scott-ST Moderator: or http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks#history
Ken-ST Moderator: I like Candlestick Charting by Steve Nison
MS http://www.investopedia.com/terms/c/candlestick.asp
kima Thks Scott
JP has logged out
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short JOYG 44.22
bme347 has entered DayTrading Chat
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short JOYG 44.22
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short JOYG 44.22
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short JOYG 44.22
Cale here we goo!!!!!
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop on JOYG 44.89
Scott-ST Moderator: UPDATE: Moving stop on JOYG 44.89
Scott-ST Moderator: UPDATE: Moving stop on JOYG 44.89
Scott-ST Moderator: UPDATE: Moving stop on JOYG 44.89
Scott-ST Moderator: we will keep this one tight as the it moves in our favor
MS Scott - I chicken ou on this one - I know I am going to be sorry - good trading
Scott-ST Moderator: no problem MS
Cale dude
Cale oh man, I am alone in this trade?
rwalsh i'm in, but have tighter stop
Jen I'm with ya
bme347 i'm in cale
bme347 small
Cale i am so sad, should have gotten in whenI got in at 44.43
Cale alright bme
Cale Jen, I knew I could count on you!!
Cale right on rwalsh
Cale what stop do you have?
MS wow
Cale nice dip :)
MS what a drop
Cale okay Gang I am out 43.90 2.5%
Cale :)
Cale nice call Ken/Scott
Scott-ST Moderator: good Job Cale
MS GJ Cale
Cale the setup was sitting there all day long
rwalsh .95
rwalsh so close to 1%
Jen .95
MS My target would have been 43.78
Jen JOYG is a dangerous one. Profit is good no matter how ya get it
rwalsh yep, i wanted .77 and it came close but no cigar
Cale what did you get in at Jen?
Jen .29
Cale it will make 78 no prob
Scott-ST Moderator: Stochastics are oversold but still pointing down
Scott-ST Moderator: I would play it conservative
Scott-ST Moderator: take profits as they move in your favor
Jen Amen brother!
Scott-ST Moderator: good job rwalsh
rwalsh thx for the trade
MS are you looking at Stochastics on 1 mnt or 5 mnt chart?
Scott-ST Moderator: 5 min
MS thanks
Cale jen you holding for .78?
Jen no, out already
Cale its will take it out for sure
Jen if you were so sure, why did ya take your money off the table?
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop to entry JOYG
Scott-ST Moderator: UPDATE: Moving stop to entry JOYG
Scott-ST Moderator: UPDATE: Moving stop to entry JOYG
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop to entry JOYG
MS KA CHING for you all I am a big chicken
Scott-ST Moderator: UPDATE: Moving stop to entry JOYG
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in JOYG
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in JOYG
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in JOYG
rwalsh i'm such a pansy
Ken-ST Moderator: H
Ken-ST Moderator: A
Ken-ST Moderator: ND
Ken-ST Moderator: D
djg joyg 44.89 to 43.83 very nice
Ken-ST Moderator: S
Ken-ST Moderator: O
Ken-ST Moderator: M
Ken-ST Moderator: E
Jen nice Ken!
rwalsh great job djg
Scott-ST Moderator: [img id=em-8]
Scott-ST Moderator: good job Jen
Scott-ST Moderator: good job djg
Scott-ST Moderator: very good job djg
MS Very nice Ken and Scott - You are my hero.
Cale me too rwalsh
Mike22 tks Ken...great!
Scott-ST Moderator: Blushes
Scott-ST Moderator: good job Mike
Ken-ST Moderator: more importantly is to note the setup
Ken-ST Moderator: that was an extremely handsome setup
Ken-ST Moderator: it showed a lot of factors taht we look for
Cale thats for sure!!, but not sure its more important
Ken-ST Moderator: nearly all in fact
Ken-ST Moderator: the fact that you stay away from Lunchtime breakdowns
Ken-ST Moderator: The early morning signals were in void due to the stock still in trading range
MajomX has logged out
MS OK Gang - Scott and Ken - Tomorrow I will log in as Chicken instead of MS
dp has logged out
Ken-ST Moderator: lol
MS No - I will log in as " I am not a chicken"
jeramie I didn't even short it. Scared by the daily MA.. Idon't know!
bobby has logged out
Ken-ST Moderator: lol ms
Scott-ST Moderator: lol MS, no worries
Scott-ST Moderator: its okay guys, as ken said note the setup, and if your not confortable with the trade please by all means dont take it.
Scott-ST Moderator: this is so you can learn how our strategy works
Scott-ST Moderator: you can apply when you see that setup again
Scott-ST Moderator: PRFT making new HOD
MS I will see you all tomorrow - I am going to take a long walk and repeat to myself for one hour " you will never chicken out again" you will never chicken out again" you will never chicken out again" etc...
Scott-ST Moderator: take care MS
MS has left the room
Scott-ST Moderator: have a good evening
Scott-ST Moderator: any Questions?
Scott-ST Moderator: Comments?
DAVID has entered DayTrading Chat
david has logged out
frank scott how do you choose the stocks to trade for the day?
Cale JQbo
Cale ya around these days?
Scott-ST Moderator: we do a scan each morning
Scott-ST Moderator: we look to see what fits our strategy
frank but what is the scan criteria?
frank do you mind me asking?
alex has logged out
djg erin looks hot today or is that the vicoden talking?
Ken-ST Moderator: Vicoden
Jen frank, what system do you trade on?
djg i better not go out looking for women today then never know what i'll wake up with
djg was going to use the pity angle
frank interactive brokers
Scott-ST Moderator: Frank, its plan and simple, anything with a gap on in previouse range for the type B's
frank and i use iq charts too
Jen do they have screening tools? Schwab platforms have preset screens called gap up in the gap, and gap down in the gap. From the results you can usually find these picks by seeing which ones are clearing previous price action
frank so its gap up above previous day high, or gap down below previous day low?
Jen yep and then it has to be at a level that will be clear of previous price activity (months) as well
frank ok thx
Cale LEAP didnt make any new leaps
Cale Jen was it just a check up today?
Ken-ST Moderator: market totally in range today
Cale Totally
Cale TOTALLY in RANGE
Jen surprisingly boring
Ken-ST Moderator: yeah
Ken-ST Moderator: Ok gang I will be heading out here. Scott will be taking you to the close
Ken-ST Moderator: have a good day everyone
Ken-ST Moderator: See you all tomorrow
Ken-ST Moderator is no longer a moderator
Ken-ST Moderator has logged out
Cale boring is good
Jen especially when you're green
Scott-ST Moderator: I guess Ken was bored also
Cale green?
Jen profitable not like kermit
Cale wait are we talking the same thing?
Cale I was asking about your dentist apt today, was it just a check up? 14:39
Jen sorry, I thought we were on the market being boring
Jen yes, just checkup and cleaning
Cale lol I thought the dentist was boring
Cale so the ex's girlfirend didnt ahve to do any work
Jen right
DAVID has logged out
Scott-ST Moderator: who whats to hear the profit sound??
Jen mememememmeme
Scott-ST Moderator: I need to hear from more the 6 ppl
Cale Me
Cale Cha-Ching!!!
Scott-ST Moderator: 2
bme347 go ahead
Scott-ST Moderator: okay everyone is a sleep
Scott-ST Moderator: 3
Jen do it to scare the crap out of everyone!
johnboy so you need 7 people?
johnboy which is a minority........count me in
Scott-ST Moderator: lol Jen
djg cha ching
Scott-ST Moderator: thats 4
Scott-ST Moderator: djg is 5
Jen limey, larrybill, rwalsh, anybody????
Cale lol
johnboy Bueller?
Jen don't make us sign on as someone else just to get you to do it!
johnboy which Cale agreed? good Cale, evil Cale, or Hannibal Cale?
Jen all of them and that's three!
Cale Calebo
johnboy booyah!
Cale lol JEN
Scott-ST Moderator: that wouldnt count Jen
johnboy so you're discriminating against the disabled?
johnboy ouch
Cale wait what do you mean Hannibal Cale?
ar cha ching
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: 6 Thanks to AR
Jen wahhhhhhhhhhhhhhhhhhoooooooooooo! Thanks ar
johnboy that was actually an improvement over Lotion Cale, you see how good I've been
Cale Yea AR!!!!!!
Cale lol
ar np, usually quiet but...
Jen it's like Pavlov's dog, it makes me feel so good to hear that!
Cale yes JB, and boring
Scott-ST Moderator: nice to hear from ay ar
johnboy ouch, now I need a hug.......LMAO
Scott-ST Moderator: I used to do that at the opening Bell but too many people complained
Cale *HUG* JB
johnboy thanks buddy.........LOL
johnboy now I can go ride my scooter
Cale [img id=em-8]
jeramie has logged out
johnboy except it's snowing.........sigh
Cale uhoh, Jeramie didnt like it
Mike22 heading out...good day! tks Scott
Cale yep, snowing big time here
Scott-ST Moderator: take care Mike
Jen where were you a few mintues ago Mike22!
johnboy cool, only about an inch here
Scott-ST Moderator: okay Gang we are going to cancel all alerts right here can call it a day
bme347 no snow here just wind lots of wind
johnboy have a terrific evening guys and good call on JOYG Cale/Scott........"nicely done".........and with that.......exit stage right.............
Scott-ST Moderator
johnboy has left the room
Scott-ST Moderator: 1% PROFCANCEL ALL ALERTS
Mike22 has left the room
kima has left the room
Scott-ST Moderator: CANCEL ALL ALERTS
Scott-ST Moderator: CANCEL ALL ALERTS
Scott-ST Moderator: CANCEL ALL ALERTS
Scott-ST Moderator: later kima
djg see ya