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Good Morning Everyone
********** Monday September 17th, 2007
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Scott-ST Moderator has become a moderator
Jim has entered DayTrading Chat
Scott-ST Moderator: gm Jim
Scott-ST Moderator: gm Anatta
Scott-ST Moderator: gm Dave
Scott-ST Moderator: ty anatta, adding cmed
Ricky has entered DayTrading Chat
Ricky gm
Killer gm Scott and all
Scott-ST Moderator: gm Ricky
Scott-ST Moderator: gm Killer
anatta welcome
Cale has entered DayTrading Chat
Scott-ST Moderator: gm Cale
JQ has entered DayTrading Chat
JQ GM
Scott-ST Moderator: GM JQ
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Jen has entered DayTrading Chat
Cale gm Jen
Jen gm Cale
JP BIDU long, INSP and BOBJ short?
Scott-ST Moderator: have insp on as a short
kami has entered DayTrading Chat
Scott-ST Moderator: shrot BOBJ to if ew get a setup
kami gm
Scott-ST Moderator: gm kami
Scott-ST Moderator: RIMM GETTING CLOSER
Cale SMBL FALLING
tc has logged out
mac has entered DayTrading Chat
Scott-ST Moderator: GM mac
mac gm
Scott-ST Moderator: LOOKING For come consolidation on CMED
Scott-ST Moderator: toook off too fast
Cale JP you going to take BIDU?
JP Already did
Cale GOOD job
Scott-ST Moderator: watch for a small pull back
Cale go BIDU go
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CMED 40.71
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CMED 40.71
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CMED 40.71
Dave RIMM making another run
Scott-ST Moderator: very two sided Trading this morning
Scott-ST Moderator: with very light volume
Scott-ST Moderator: everyone is waiting for the news tomorrow
Scott-ST Moderator: DOW DOWN 27
Scott-ST Moderator: NAZ DOWN 13.79
Scott-ST Moderator: SPX DOWN 5.24
Scott-ST Moderator: up off of its Premarket LOWs
ddj has entered DayTrading Chat
ddj gm all
Scott-ST Moderator: gm ddj
Cale good morning ddj
Cale very slow mornnig
wizeman has logged out
ddj gm Cale
wizeman has entered DayTrading Chat
Scott-ST Moderator: wb wize
wizeman Thanks, Scott. gm everyone
Cale hey wize
wizeman great call on BIDU, Cale
Cale that was JP
wizeman that man is rich AND wize
JP LOL....I wish.
Scott-ST Moderator: lol
Scott-ST Moderator: Markets testing HOD
anatta MON, LIFC
Scott-ST Moderator: LIFC looks good
anatta ty
Scott-ST Moderator: Watching for Type B Short at new low of the day on BOBJ 45.29
Scott-ST Moderator: Watching for Type B Short at new low of the day on BOBJ 45.29
Scott-ST Moderator: Watching for Type B Short at new low of the day on BOBJ 45.29
Scott-ST Moderator: Markets hitting HOD again
Dave RIMM and CMED acted great in the downdraft...if the QQQQ's ever run, they will fly..IMO
Scott-ST Moderator: agree Dave
Scott-ST Moderator: only if there was some volume
Scott-ST Moderator: there is no conviction
Scott-ST Moderator: to me these daily Highs really don't mean much because we have little volme
Scott-ST Moderator: it's like we have been trading during lunch for the past 5 days
Ricky has logged out
wizeman that will change one way or the other at 2:15 tomorrow
Scott-ST Moderator: exactly, and we can get back to trading
Ricky has entered DayTrading Chat
Scott-ST Moderator: wb Ricky
Cale here comes bobj
Scott-ST Moderator: more coffee brb
Charlie has entered DayTrading Chat
Killer BOBJ filed
Killer filled
Charlie gm
limey Got IRBT short as well
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short BOBJ 45.29
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short BOBJ 45.29
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short BOBJ 45.29
Scott-ST Moderator: UPDATE: Moving stop on BOBJ 45.84
Scott-ST Moderator: UPDATE: Moving stop on BOBJ 45.84
Scott-ST Moderator: UPDATE: Moving stop on BOBJ 45.84
Scott-ST Moderator: theres your fall Dave
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Scott-ST Moderator: gm rayray
Cale JP did you get 1% on BIDU?
JP Just under after slippage when I used a market order to exit.
Cale perfect trade Sir
JP Thanks
Cale Just like the Broncos, pulled it off in the last minute
JP LOL another lucky win.
Cale dont let the move fake you out
Cale they will run it back up during lunch
Cale RIMM falling
Cale hard
Scott-ST Moderator: the Q's are at LOD
limey 2% on IRBT !!
Cale wow nice trade limey
Scott-ST Moderator: Queston for you Cell Phone People, I am looking to change and I am looking at a blackberry
Scott-ST Moderator: any fans of the BlackBerry?
Scott-ST Moderator: was also looking at the Motorola Q
Jen go Blackberry have had it 3 separate times, just repurchased for the 3rd time recently (had it for work before) LOVE IT!
Killer hate the blackberry.. it was my electronic leash for several years
Scott-ST Moderator: which one do you have?
Killer so can't day anything nice about it
Scott-ST Moderator: why didn't you like it Killer?
Scott-ST Moderator: looking for opinions
Killer used it for work.. like I said - electronic leash :)
Scott-ST Moderator: but other then that it was okay?
Killer but, seriously, had issues with mine (went through several)
Scott-ST Moderator: wow
Killer had issues downloading/reading docs and trouble synching sometimes
Scott-ST Moderator: Jen which one do you have??
Killer but that may have just been our system
Scott-ST Moderator: 7300 or the 8800 seires?
Dave my wife loves her blackberry...but I have heard great things about the I-phone....as long as cingular/ATT works were you use it, because they have an exclusive agreement with them
Scott-ST Moderator: how iwas the battery life?
Killer I've heard bad things about the i-phone
Jen embarrassed to say I'm not certain
Killer battery life depends on what you use it for
Scott-ST Moderator: I-Phone isn't a choice for me right now, I can get the Motorola Q or the BlackBerry 7203
Dave I know two people who have one and love them...much easier to type...and the video is awesome
Jen 8703e is the model $ off of the box
Scott-ST Moderator: okay, thanks Jen
Scott-ST Moderator: on the Iphone Dave or the BlackBerry?
Dave my wife loves the blackberry...she is a doctor and she uses it all day....I know 2 people who have iphones and love them...as long as cingular works in your area...I think the press blows the problems out of proportion
Scott-ST Moderator: they do that most of the time
aMLO has entered DayTrading Chat
Scott-ST Moderator: gm Amlo
Scott-ST Moderator: Markets falling
Scott-ST Moderator: just need BOBJ to follow
Scott-ST Moderator: INSP is strong
Scott-ST Moderator: DOW DOWN 46
Scott-ST Moderator: NAZ DOWN 25.03
Scott-ST Moderator: SPX DOWN 10.06
Cale okay this is where they run it back up to HOD
Scott-ST Moderator: CANCELA LL TYPE B ALERTS UNTIL AFTER LUNCH
Scott-ST Moderator: Any Questins?
Scott-ST Moderator: who as a peronal trade they want to share?
Scott-ST Moderator: Scanning for type C's
Scott-ST Moderator: you all see this OJ stuff?
Scott-ST Moderator: just Crazy
Jen BOBJ finally dropping
Scott-ST Moderator: :)
Scott-ST Moderator: OJ is just ridculous
Jen you said it
Jen I wouldn't feel bad if he went to prison for this most recent incident, there has to be a day that he pays for his actions
wizeman CMED at LOD
Jen OJ, Bubba's waiting for you!......
Scott-ST Moderator: Watching for possible Type C Buy on RSH 22.20
Scott-ST Moderator: Watching for possible Type C Buy on RSH 22.20
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in BOBJ
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in BOBJ
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in BOBJ
Cale HOW Sweet is that??
anatta Lovely!
Cale ty Scotty Scott
Killer ty Scott
Ricky Scott, i took profit. I'm curious to know at which point you ring the bell, last price or bid or ask?
Ricky 44.85 was the lowest last trade i show.
Killer I show 44.84 as the lowest
Killer and covered at that amount
anatta I also show 44.84
Scott-ST Moderator: Rick, my Alert hit when the Ask came down
Cale I have 44.84
Cale me too killer, good job
Scott-ST Moderator: good Job guys!!
Ricky I thought you ring the bell at Last.
Dave has logged out
Ricky Scott, from what i recall Ken had always use Last trade to indicate they Profit or Stops buys or sells, just like the entries, don't we use Last?
Ricky Scott?
Ricky Scott, long term customer here making an inquiry. Can you please respond?
Scott-ST Moderator: sorry, bio-Break
Cale I would say on an exit he takes the bid
Ricky That kind of skews the results, don't you think?
Scott-ST Moderator: you have to use the Bid or the Ask
Scott-ST Moderator: the best is to use the rule that both have to hit
Scott-ST Moderator: but that's not always easy on every platform
Ricky yes, you are right, which would make the last trade the trigger for the bell.
Ricky Just because a bid or an ask shows up on the board doesn't mean a trade will take place at that amount.
Scott-ST Moderator: U see what you are saying
Scott-ST Moderator: yes, the last trade in that order
Cale right at .84 was traded
Ricky Okay. So you do use last trade to ring the bell?
Killer Scott, is RSH still on? It's not on the board
Scott-ST Moderator: Yes Ricky, I try very hard to make sure there was a trade at our target price
Ricky OKay, but that's not what you answered earlier.
Scott-ST Moderator: yes Killer
Scott-ST Moderator: oh, sorry Ricky
Scott-ST Moderator: got confused, I guess
Scott-ST Moderator: let me read my anser
Scott-ST Moderator: On a short we want the ASK/Offer to greach our target and trade at that level
Scott-ST Moderator: if we are long we want to see the BID come up to that level and have a trade
Scott-ST Moderator: sometimes the problem is when you have a bad tick or a very wide spread
Ricky Just want to make sure that a trade had taken place.
Ricky That's the only way i can track with you.
Scott-ST Moderator: well even if the trade takes place we want to make sure the bid/ask is there as well
Scott-ST Moderator: because we will not ring the bell if we have a huge swing outside the market
Scott-ST Moderator: so lets take RSH for example
Ricky you're right. I think one of the things we appreciate with Swingtrades, is the reporting.
Scott-ST Moderator: there could be a trade at 22.20 all of asudden but the bid never got near that price
Scott-ST Moderator: we would not ring the bell eventhough there was a trade
Scott-ST Moderator: and the ask came back down
Killer RSH close
Ricky Thanks.
Scott-ST Moderator: sure, unfortunately it's not an exact science
Scott-ST Moderator: Watching for possible Type C Buy on RSH 22.20
Scott-ST Moderator: Watching for possible Type C Buy on RSH 22.20
Scott-ST Moderator: Watching for possible Type C Buy on RSH 22.20
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Killer RSH stop?
Scott-ST Moderator: UPDATE: Moving stop on RSH 21.92
Scott-ST Moderator: UPDATE: Moving stop on RSH 21.92
Scott-ST Moderator: UPDATE: Moving stop on RSH 21.91
Scott-ST Moderator: UPDATE: Moving stop on RSH 21.91
Scott-ST Moderator: UPDATE: Moving stop on RSH 21.91
Scott-ST Moderator: UPDATE: Moving stop on RSH 21.91
Dave has entered DayTrading Chat
Scott-ST Moderator: WB Dave
Dave ty
Scott-ST Moderator: Markets running lower
Scott-ST Moderator: Ricky, Just want to make sure we are on the same page.
Scott-ST Moderator: are we?
DaveL has entered DayTrading Chat
Scott-ST Moderator: crazy morning Dave?
DaveL yes...sorry
Scott-ST Moderator: don't be sorry
Scott-ST Moderator: it's all good
JQ in the hood
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Cale lol JQ, welcome back
Cale how was Smaking Whitie on Friday?
JQ lol played wed. but took to friday to recover...Overserved on course!! LOL
Ricky Sorry Scott, i was away from my computer. I got what you are saying but i din't get the same read as you on BobJ. I saw the Ask at 45.84, but the last trade was 45.85. I manually took profit but it didn't automatically trigger for me.
Scott-ST Moderator: I see
Scott-ST Moderator: it seems that other got the 45.84
Ricky It's only a matter of pennies but it's good to check every once in a while that I'm using the same procedures as you.
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Scott-ST Moderator: wb marcus
Scott-ST Moderator: sure is Ricky
Scott-ST Moderator: okay Gang middle of lunch and the Markets are Making Lower Lows with light volume
Cale I wish they would have the FOMC announcement at 9:00 and get this waiting over with
Scott-ST Moderator: Greenspan sure is getting a lot of Air Time these days
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DaveL would you play the QQQQ's here Scott?
Scott-ST Moderator: Dave, if I had a gun to my head I would go long, but I would not touch them right now with the low volume
DaveL ty
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Scott-ST Moderator: [img id=em-0]
Scott-ST Moderator: DOW DOWN 67.00
Scott-ST Moderator: NAZ DOWN 23.56
Scott-ST Moderator: SPX DOWN 10.40
Tony has entered DayTrading Chat
Scott-ST Moderator: GA Tony
Scott-ST Moderator: Markets are pulling up off their lows here at lunch
Scott-ST Moderator: again very light volume no confiction
marcusid has entered DayTrading Chat
Scott-ST Moderator: ga marcus
Tony ga
Ricky has logged out
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Scott-ST Moderator: wb wize
wizem Thanks Scott
JQ G. Scott what charting service do you use for futures
Scott-ST Moderator: I use Ensign for the most part JQ
JQ Looked to complicated?
JQ to setup?
Ricky has entered DayTrading Chat
Scott-ST Moderator: Looked for what?
Scott-ST Moderator: JQ are you Dringking again already?
JQ what does BroBro use? or any ideas
Scott-ST Moderator: not 100% sure
Cale he uses the chart from the platfrom
Tony is RSH triggered?
JQ Not yet but could be talked into very easy...You have Blk.lbl on the phone?
Scott-ST Moderator: yes id did Tony
Scott-ST Moderator: sorry, table is now updated, thanks
Cale lol
JQ Calebo he was using Proactive and the charts he was using did not come with their platform?
Cale he was also using instaQuote for charts
JQ They use Sierria I beleave
Scott-ST Moderator: yep that's right Cale, forgot about that
JQ Ok I will look at instaquote any others?
Cale not sure I would use Instaquote
Cale I also use Ensign, very good stuff
Scott-ST Moderator: Ensign is what i use in the training rooms, and I use for my new QQQQ profile setup
Scott-ST Moderator: oh and btw the Q's are almost setup for a short
Scott-ST Moderator: too bad the volume is so so so light
DaveL CMED might be ready after lunch
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Scott-ST Moderator: we are rolling out of lunch here
rayray has logged out
Cale rayray had enough
Scott-ST Moderator: have a tight eye on SLAB for a long at the HOD
Scott-ST Moderator: the setup is almost there but it seems just a bit extended
Scott-ST Moderator: UPDATE: Moving stop to entry RSH
Scott-ST Moderator: UPDATE: Moving stop to entry RSH
Scott-ST Moderator: UPDATE: Moving stop to entry RSH
Scott-ST Moderator: Risking Nothing
Scott-ST Moderator: you might consider scaling out with profits in your favor on RSH
Scott-ST Moderator: we are above the 20 and 5 EMA, so those are good support
Scott-ST Moderator: we don't want to give any profits back, Hate when that happens
Cale BigB in the room?
Ricky Okay Scott. Took profit on RSH, now it's clear to shoot straight upo. You're welcome.
Ricky But let me first say Thanks.
Scott-ST Moderator: lol
Cale dont feel bad Ricky I got out 22.36
Scott-ST Moderator: Profit is Profit Right?[img id=em-10]
Ricky Right.
Ricky Thanks for putting up with me Scott. I'll see you tomorrow.
Scott-ST Moderator: have a good rest of your day Ricky
Scott-ST Moderator: see ya in the morning, no problem at all
Ricky has logged out
Scott-ST Moderator: Markets are not looking Strong atall
Scott-ST Moderator: at all
Scott-ST Moderator: STOPPED Consider exit in RSH break even
Scott-ST Moderator: STOPPED Consider exit in RSH break even
Scott-ST Moderator: STOPPED Consider exit in RSH break even
Scott-ST Moderator: now Ricky and Cale made money
Scott-ST Moderator: anyone else scale out with profits, as suggested?
Scott-ST Moderator: Hummmm...
Scott-ST Moderator: DOW DOWN 41
Scott-ST Moderator: NAZ DOWN 18.91
Scott-ST Moderator: SPX DOWN 7.47
Scott-ST Moderator: RIGHT IN Middle of the TODAYS Trading RANGE
Killer yep, I got out at 22.34
Scott-ST Moderator: good job Killer
Killer thanks
Cale hows the baby Killer?
Cale is the wife getting more sleep?
Killer great, thanks for asking! sleeping right now :)
Cale nice!!
Cale going to teach her/him the trading ropes?
Cale my two love to watch the charts, and we have a local radio show that we listen to when we are in the car
Killer took her to brunch wiht us yesterday .. haven;t really taken her to restaurants before.. she did great, so now we are hoping we'll be able to keep takng her out with us
Cale just do it a lot, so its not new to her
Killer we'll see about that. she is barely 4 mnths old
Killer :)
Cale lol
Killer by the time she is old enough to understand the ropes, I hope to be doing something else...
Cale we even went to the moveis with our 1st when she was 5 months old
Killer wow!
Killer how did you pull that off?
Cale no one ever knew she was there
Killer she just slept through the whole movie?
Cale had her in the car seat and she slept through most of the move
Killer wow! that's amazing
Cale we would go out a lot with her, so she would be used to all the strange noises and stuff
Cale she was awesome!!!
Killer ours doesn't usually sleep for such long stretches of time during the day
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Killer at night she sleeps a lot, but not during the day
Cale we would take her out to resaruants and people come by and comment what a great Quite kid she was
Killer I think that's a good idea... to take them to places, so that they get used to it
Killer we are going to start doing more of that
Cale yep, then it is no big deal when they go out
Cale the key is to not stress out and always stay calm
Killer hard to do sometimes :)
Cale just block out what other people think and dont care
Cale your kid picks up everthing you do and feel
Cale the more relaxed you are the more relaxed she will be
Killer I was just thinking about that - I pay too much attention to making sure we are not "inconveniencing" anyone by her presence
Scott-ST Moderator: yep I would have to agree Cale
Cale just block that all out
Cale but you do need to start small, take her out to the store, mall, out for Lunch.....
Cale dont worry about what other people think and make sure she feels happy and comfortable
Killer very good advice! thanks Cale
Killer that's the plan
Killer we'll see how it goes
Cale lol, the best advice is to be yourself and do what you think is right!!!!
Cale that all seemed to work for us, but maybe not for everyone
Killer true - and not to listen to well-meaning grandparents who drive us crazy with "suggestions"
Cale LOL, been there got that t-shirt
JQ Just don't let your babies grow up as Cowboy's
Cale and the sisters who know it all
Cale OMG
Killer lol JQ
Scott-ST Moderator: I had a younger sister that had her 1st 6 years before we had our 1st and once we had a baby my younger sister thought we needed all her advice
JQ they will have crystals hanging from their trailor hitchs
Killer JQ - no danger of that happening here.. ore in danger of having them grown up as "eurotrash" :)
Killer <more>
Cale LOL
Killer seriously :)
JQ LOL
Killer <-- European
Cale lol
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Killer Scott, I understand what you mean about your sister.. but I also understand that it's tough not to give unsolicited advice to a relative/friend when you feel that you've gone thrugh it all before
Killer I am being careful not to do that now with a friend who just had a baby
Scott-ST Moderator: your right its hard
Scott-ST Moderator: I like to just ask questions about their baby
Scott-ST Moderator: and if they ask I can explain what worked fo me, but will never really tell people how to do what with their own kid
Cale I love to talk about my kids
Killer that's what I try to do also
Cale I like to explain what works for me
Cale but understand its not for everyone
JQ lOL...My son had to mothers growing up...his mother and my daugther...In fact it is still that way today
anatta TY Scott, I just made .70 on LIFC
Scott-ST Moderator: very nice anatta
JQ LOL ...she is going with us to parents weekend at college
Cale lol
Cale how much older is she?
JQ Calebo do you get the ensign feed only with ensign windows
JQ 10 yrs
Cale I get eSignals feed
wizem has logged out
JQ Is your platform thru eSignals?
Scott-ST Moderator: Watching for Type B Short at new low of the day on BOBJ 44.69
Scott-ST Moderator: Watching for Type B Short at new low of the day on BOBJ 44.69
Scott-ST Moderator: Watching for Type B Short at new low of the day on BOBJ 44.69
Cale NO
JQ would there be a big differce between esignal feed and ensign feed
Cale ESIGN does not have their own feed
Cale you can use CyberTrader, DNT Satallite, IQFEED or DTN.IQ, quote.com, IB, or eSignal
JQ on the order form it shows ensign internet version along with the other feed options
Cale may need to call them and ask, because I think that fee (could be wrong) is a nightly feed, good for swingtrading
JQ just use esignal?
Cale you could but I have been using esign for so long all my profiles and setups are on ensign
Cale I find that eSignal is hard to use sometimes
Cale I like that you can float chart items, where ensign you can not float anything
Cale but they say they are working on it...
Cale its just what works for me!!
JQ ok thanks bro!!!
Cale for you, anytime!!!
Scott-ST Moderator: and there is Profit for RSH
bigb has entered DayTrading Chat
Cale buy big buy
bigb already did
Cale nice
bigb i love to trade failed h&s
bigb so many newbies jump in on them and they often fail
Cale H&S?
bigb head and shoulders shampoo
Cale lol
Cale I dont see a head and sholders
bigb exactly but alot of people try to create one out of this
Cale ah, okay good
Cale so I am not one of those stupid ones?
bigb i heard a few people talking about it so i instantly was looking for a reverse
bigb never cale
Cale lol
Cale lol PIMCO just doesnt sound right for an investment complany
bigb haha
Cale JQ
Cale JQ???
Cale BIg, we going to test the HOD??
Cale I sure hope so right now
Cale but may just have to cover out, its taking too long
bigb not sure
Cale sure you know, C'MON Tell
bigb but if it breaks those last highs we may see some covering
Cale WOW BIDU Just Crazy
Jim has logged out
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Scott-ST Moderator: take Care Jim, Kami
bigb still long cale?
Cale i am
Cale you?
bigb i may....watching closely. not jumping the gun though. Stochs near overbought, but at the end of the day no one cares about stochs
Scott-ST Moderator: okay Gang thats the 1 hour Alert
bigb bonds closing now
Scott-ST Moderator: Hope everyone had a good Trading day
Scott-ST Moderator: why do they close so early?
anatta ty bye bye
anatta has logged out
Scott-ST Moderator: nite anatta
mac Have a good one guys. Maniana
mac has logged out
Scott-ST Moderator: CANCEL ALL TYPE ALERTS FOR TODAY
