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********** Good Morning Everyone
********** Wednesday October 17th, 2007
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Buster: I will just watch today
Buster: Learn your style
Scott-ST Moderator: [img id=em-10] Good Idea
limey: Good morning all
Drew: gm all
anatta: gm all
anatta: +6% CNTF premkt. Looks like a good one to go long after the first pullback. Has good news and VOL!
Scott-ST Moderator: gm Liemy, Drew, Jen, JQ, anatta, Killer, JP
Killer: gm Scott and all
Scott-ST Moderator: Markets will be Gapping up this morning
Scott-ST Moderator: gm Chuck
Scott-ST Moderator: gm Mac
chuck: gm folks
Scott-ST Moderator: gm Cale
Cale: gm Scott
Cale: gm Traders
Buster: GM Cale
Jen: gm
Cale: gm Buster
Scott-ST Moderator: DOW Futures are up 97
kami: gm
Scott-ST Moderator: gm kami, nick
nick: gm
Scott-ST Moderator: gm wiseman
wizeman: gm Scott, everyone
Drew: [p\\pdli
Scott-ST Moderator: [img id=em-0]
JP: FSLR?
Scott-ST Moderator: ty JP
Scott-ST Moderator: Good Morning *** OPENING BELL ***
Scott-ST Moderator: Good Morning *** OPENING BELL ***
Scott-ST Moderator: Good Morning *** OPENING BELL ***
Scott-ST Moderator: GM ricky
Scott-ST Moderator: Watching for Type B Short at new low of the day on ADSK 48.03
Scott-ST Moderator: Watching for Type B Short at new low of the day on ADSK 48.03
Scott-ST Moderator: Watching for Type B Short at new low of the day on ADSK 48.03
Scott-ST Moderator: ADSK will have a tighter then norm stop
Scott-ST Moderator: Watching for Type B Buy at new high of the day on FSLR 144.62
Scott-ST Moderator: Watching for Type B Buy at new high of the day on FSLR 144.62
Scott-ST Moderator: Watching for Type B Buy at new high of the day on FSLR 144.62
Scott-ST Moderator: Watching for Type B Buy at new high of the day on YHOO 29.21
Scott-ST Moderator: Watching for Type B Buy at new high of the day on YHOO 29.21
Scott-ST Moderator: Watching for Type B Buy at new high of the day on YHOO 29.21
Scott-ST Moderator: Watching for Type B Buy at new high of the day on LFC 102.15
Scott-ST Moderator: Watching for Type B Buy at new high of the day on LFC 102.15
Scott-ST Moderator: Watching for Type B Buy at new high of the day on LFC 102.15
Scott-ST Moderator: gm doowop
Scott-ST Moderator: wb
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CHL98.14
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CHL98.14
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CHL98.14
limey: no vol !
Scott-ST Moderator: FOR?
Cale: 789K is low volume ??
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy LFC 102.15
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy LFC 102.15
limey: sorry typed CHL
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy LFC 102.15
Scott-ST Moderator: IT IS CHL
limey: CNL sorry
Scott-ST Moderator: UPDATE: Moving stop on LFC 100.49
Scott-ST Moderator: UPDATE: Moving stop on LFC 100.49
Scott-ST Moderator: UPDATE: Moving stop on LFC 100.49
Cale: hard morning limey?
limey: yes
Scott-ST Moderator: DOW UP 58
Scott-ST Moderator: NAS UP 30.96
Scott-ST Moderator: SPX UP 9.53
wizeman: Anybody following PTR? (Chinese stock)
JP: It's been on a very nice run, are you in it?
wizeman: Small position. (Couldn't afford more) hehe
Cale: WOW so many Chinese stocks running
Cale: I would expect to see a top, but maybe not
wizeman: PTR at HOD
Scott-ST Moderator: Yep, what goes up must come down
Scott-ST Moderator: the HOD is a valid setup
Scott-ST Moderator: using a 248 stop
Scott-ST Moderator: but the stock seems extended over all
JP: With market weakening, move stop to entry on LFC?
wizeman: PTR is a Chinese ENERGY stock. Double whammy.
Scott-ST Moderator: Good Call JP
Scott-ST Moderator: UPDATE: Moving stop to entry LFC
Scott-ST Moderator: UPDATE: Moving stop to entry LFC
Scott-ST Moderator: UPDATE: Moving stop to entry LFC
Scott-ST Moderator: 102.49 would be a very tight stop for LFC in the money
Scott-ST Moderator: nm
Scott-ST Moderator: gang feel free to ask Questions in the room, if one person has the Question someone else might have the same Question
anatta: I'm surprised FSLR hasn't been stronger. The chart looked good and with oil so high.
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in LFC
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in LFC
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in LFC
anatta: good one Scott!
wizeman: Great call Scotty
ricky: ty
Scott-ST Moderator: [img id=em-8] Good Trade Gang
Jen: go Scotty!
wizeman: PTR still rising
Scott-ST Moderator: Markets looking to close the gap
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy CHL 98.14
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy CHL 98.14
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy CHL 98.14
Killer: FITB is close
Killer: stop on CHL?
Scott-ST Moderator: UPDATE: Moving stop on CHL 96.70
Scott-ST Moderator: UPDATE: Moving stop on CHL 96.70
Scott-ST Moderator: UPDATE: Moving stop on CHL 96.70
Scott-ST Moderator: CANCEL YHOO LONG FOR NOW
Cale: WOW Look at LFC
Cale: Near a new HOD
Allende: I think we can cancell INTU for now as well ??
JQ: Set in Stone!
Scott-ST Moderator: INTU is a type A, and is active until the end of the day, even thou it is far far away
Cale: hey JQ, when did you sneek in?
JQ: Gm Gang
Scott-ST Moderator: gm JQ
JQ: Had to step away from the mother ship
JQ: wb
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short FITB 31.04
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short FITB 31.04
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short FITB 31.04
Buster: JQ what does set in stone mean?
JQ: Type A 's....Buster
Scott-ST Moderator: our type A setups are "set in Stone" as we use them for the Day Trading Limited Service. We set the Entry and Exits before the markets open, kind of a Set and Forget
Buster: ty
Cale: JQ is the man with the Answers Buster
JQ: lol
Cale: JQ is very smart, he makes things go
Scott-ST Moderator: UPDATE: Moving stop to entry FITB
Scott-ST Moderator: UPDATE: Moving stop to entry FITB
Scott-ST Moderator: UPDATE: Moving stop to entry FITB
Scott-ST Moderator: UPDATE: Moving stop to entry FITB
Killer: ?????????
Killer: Type A
JP: He meant CHL
Killer: damn!
Killer: I just exited FITB
ricky: ty
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CGL
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CGL
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CGL
Killer: scott, did you mean SHL?
Killer: CHL?
Scott-ST Moderator: Killer did I mess you up??
anatta: Scott, Could this be a 2%?
Killer: I can still get back into FITB...
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CHL
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CHL
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CHL
Scott-ST Moderator: yes i think so anatta, with a tight stop
Scott-ST Moderator: sorry about that Killer, my bad[img id=em-2]
Killer: Scott, just confirming, you still think FITB is a valid short, right?
Scott-ST Moderator: yes
anatta: good one Scott!
Killer: it's OK.. happens
Scott-ST Moderator: FITB is a short we will stand buy
Killer: I'm back in at a better price
Cale: THATSOKAYSCOTTYSCOTT****HAPPENS&THATSDAYTRADING
JQ: LOLCALEBOJAMESJUSTCALLEDWCOUTFORALLCAPS!!
anatta: FSLR getting some mojo
Cale: lol
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy FSLR 144.62
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy FSLR 144.62
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy FSLR 144.62
Scott-ST Moderator: UPDATE: Moving stop on FSLR 143.39
Scott-ST Moderator: UPDATE: Moving stop on FSLR 143.39
Scott-ST Moderator: UPDATE: Moving stop on FSLR 143.39
Scott-ST Moderator: DOW UP 43
Scott-ST Moderator: NAZ UP 31.46
Scott-ST Moderator: SPX UP 8.8
JQ: G>SCOTTANDCALEBODIDN"TSAYANYTHINGABOUTPIGTITSYOUHAVEADIFFICULTJOBKEEPUPTHEGOODWORKBROBO!!
Scott-ST Moderator: [img id=em-8] TY JQ
Jen: I'll 2nd that JQ!
Scott-ST Moderator: TY Jen
Cale: can I 3rd that?
Jen: you betcha!
Cale: I 3rd THAT JQ
JQ: G. Scott did you play any of the earnings last night?
Scott-ST Moderator: Thanks Cale
Scott-ST Moderator: no, I learned that lesson a long time ago
Scott-ST Moderator: Oil Report out
JQ: I killed YHOO!!!!
Scott-ST Moderator: Looks Bullish
Cale: did you?, nice job JQ
JQ: Around 5%
Jen: nice
Scott-ST Moderator: is Anyone Gong to the Trading Expo in Vegas in Nov?
Jen: GOOG earnings are tomorrow, wonder if it will go to $700?
Scott-ST Moderator: I wlil be there and will Buy the 1st Round of Drinks
Jen: nice, won't be making it, usually go to the one in NYC
Scott-ST Moderator: LFC HOD
Scott-ST Moderator: Markets Trading Choppy near the Lower end of the Trading Range
JQ: Jen if I had to guess ...They will blow the doors off of GOOG
JP: I don't know. GOOG has already run up a lot on expectations of strong earnings.....could be buy the rumor sell the news type of thing.
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FSLR
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FSLR
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FSLR
ricky: ty
Scott-ST Moderator: JQ, I expected IBM to have done better with their earnings
Scott-ST Moderator: good job ricky
anatta: this is Scottys Day!
Drew: great scott is on fire!
JQ: G.scott i said iwas going to make it this year but nov. hard to get away!!
Jen: I think you're right Anatta!
JQ: G. Scott I agree with you on IBM
Scott-ST Moderator: [img id=em-8] ty anatta
Scott-ST Moderator: Market breaking the LOD and getting closer to closing the gap
Scott-ST Moderator: Need to make up for Yesterday, not that I am chasing any losses
Scott-ST Moderator: AAPL has a Short setup
Scott-ST Moderator: so Close to lunch
Scott-ST Moderator: we will avoid for now
Scott-ST Moderator: DOW UP 18
Scott-ST Moderator: NAZ UP 25.43
Scott-ST Moderator: SPX UP 5.61
Cale: seems AAPL is working out
Cale: oh NO its BUSH
Cale: wonder if Jenny Jones is on?
Cale: or Jerry Springer
Allende: Scott: can you suggest another stop on FITB?
anatta: Look at the daily on SHOO.
anatta: Possible bottom?
Scott-ST Moderator: Allende, 31.38 is the 50 EMA, you could use that + 1 cent
Scott-ST Moderator: 31.26 would be the tightest
Killer: Scott, do you think FSLR still has room to go up?
Scott-ST Moderator: Yes, there is no resistance for FSLR
Killer: still in it for half
Scott-ST Moderator: good job
JQ: GJ
Cale: nice job Killer, wish i stayed in
Killer: do you think 145.39 is a good stop?
anatta: gj killer!
Killer: or too tight?
Scott-ST Moderator: good stop
Killer: thanks
Scott-ST Moderator: I might suggest 145.55 as a tight stop
Cale: set the stop to !% profit
Cale: 146.07
Cale: don't give up any gains
Scott-ST Moderator: Good Call Cale
JQ: Allende FITB is in a good trend on the daily I would give it some room...But that is just me
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS UNTIL AFTER LUNCH
Scott-ST Moderator: I will Start scanning for type C's now
Allende: I like 31.31 stop for now
Allende: I love shorts on stocks that have no support in sight like FITB
JQ: As G.Scott would say Plan your trade...Trade your plan!!!
Killer: Cale, good idea on that FSLR stop
Killer: thanks
Cale: np, thats how I do my splits like that
Scott-ST Moderator: Let's just hope it works out Allende
Scott-ST Moderator: that's right JQ
JQ: That Calebo is a TRADER....KILLER!!!!!!!
Cale: *BLUSH*
Buster: good trade Killer
Buster: today I am just watching, I am on the $75 5 day demo.
Buster: can anyone speak for the service?
JQ: Welcome to the ROOM ...Buster!!
Buster: thanks JQ
Killer: oops
Killer: well, stopped out
Scott-ST Moderator: profit is profit, No one ever went broke taking Profits[i][/i]
Cale: still a good trade killer
Killer: Scott, true, very true
Killer: :)
Killer: thanks Cale
Cale: good Job
Cale: Buster, the Service speaks for itself for the most part
Cale: been here almost 3 hears...
Cale: hears = years
Cale: i know JP Jen, and JQ have been around along time also
Buster: well today is a good day to see how it works, up 3%
Scott-ST Moderator: limey is looking for 2% each day with a few Runners
Scott-ST Moderator: Oh BTW, we can thank JP for FSLR he brought that one up 1st thing this morning!!
JQ: Great service BusterImho!!!The most important thing is G. Scott and Ken care about there traders and BELIEVE in CAPITAL preservation
Cale: ah Thanks JP ([i]again[/i])
Scott-ST Moderator: Yes #1, Capital Management, that way you can come back and play tomorrow
Killer: Thanks JP!
JQ: Jp were you holding any FSLR going in today?
Scott-ST Moderator: We are now in the Lunch hour and the President is on TV, good time for Questions
Scott-ST Moderator: Crystal Ball Readings on your Swing/Day Trades
Scott-ST Moderator: hit me with your best Stocks
Scott-ST Moderator: or we can play Music Trivia
Killer: We closed our portfolio. Putting everything into day trading and options...
Scott-ST Moderator: or History Trivia
Killer: so, no more swing trades
Cale: wow Killer, none?
Killer: none
Cale: not even Retirement accounts?
Killer: well, that
Cale: that takes Crystals
Killer: that's different
Killer: still have to get my hands on my 401K from my old firm
Cale: you can swing trade your retirement accounts
Cale: thats what I do
Killer: true
Killer: I might just do that
Killer: when I finally get the $$$ transferred to an IRA
Cale: I figure I can manage my Account much better then anyone else, and if the Siht hits the fan, I can only blame myself
Cale: well and JQ, but.....
Killer: Cale, very true
Killer: though, I;ve been very happy with my account't preformance
Killer: over the past several years
JQ: Killer must have crystals hanging on the back of her car like JP!!!!
Scott-ST Moderator: So no one in the room is going to the Traders Expo in November?
Killer: crystals? why's that?
Cale: LOL
Cale: LMAO
Allende: Can you explain or even consider a webinar on how to scan for type B trades that meet your criteria. There are many gappers each day that break highs/lows. Is it the 5 ema that makes the difference and, if so, how do you scan for them? Also, and killer can attest, with TS securities, I can't use a 5 ema (with accurate readings) on an intraday chart--ony DAILY. Howe can I use daily 5, 20 and 50 emas for Swing Trade strategy--or does it have to be on an intra day chart?
Killer: <-- missing something
Cale: OMG, i am now really laughing hard
Cale: LOL
Cale: Yes Killer you are missing Crystals as you are a (she)
Killer: aaaaaaahhhhhhhh
JQ: Now I'm on the Floor LMAO!!!
Killer: lucky for me, yes I am (missing them, I mean)
Killer: :)
Scott-ST Moderator: Allende, we look for stocks that has good volume, Gapped from very Recent Trading Range
Cale: me too
Cale: Ribs are hurting
Scott-ST Moderator: you can have Cales since he doesn't use them Killer
Killer: LOL
Cale: OMG, I can't stop
Killer: LMAO
Killer: Scott, that's very generous of you
JQ: Killer you have a form of crystals the proof is that YOUR SUPERMON!!!
Scott-ST Moderator: Allende, you can use the 5 20 and the 50 EMAs for any type of trading
Killer: supermoN?
JQ: MON =MOM
Killer: :)
Cale: LOL, Oh my, oh and btw Killer, nope, cant have em
Cale: wife already has em
Killer: JQ, if you only knew the juggling that goes on here
Killer: between the kid and the trading...
Killer: Cale LOL
Cale: I know I understand Killer, was in the same boat for the 1st 2 years with my 1st
JQ: Been there Done That...It seems hard now but some day you will look back and CHERISH every MOMENT!!!
Cale: Just wait until you have to deal with Swim lessons, Soccer, dance, school, b-day partys, the list goes on and on
Cale: agree JQ,
JQ: LOL Calebo!!
Cale: take a ton of pictures and make sure you have a video camera
Cale: Killer you have a video camera?
Scott-ST Moderator: DOW UP 21
Scott-ST Moderator: NAZ UP 30
Scott-ST Moderator: SPX UP 5.92
Killer: yep
Killer: started using it recently
Killer: as she became more chatty/funny
Cale: Good, it is so cool to go back a few years and watch the videos, and my kids love watching them selves on tv
Killer: we also need this for my in-laws
Killer: they live in Europe
Killer: so we send photos, and now video
Buster: how old are your kids Killer?
Killer: Buster, I just have one. She is 4.5 months old.
Killer: how about you?
Killer: any kids?
Scott-ST Moderator: Allende did you get your Question Answered?
Buster: 5 kids
Killer: Wow!!!!!
Buster: 8 Grandkids
Killer: awesome
Cale: ah cool, Buster is a grandpa
Killer: you must be crazy busy
Buster: not these days, been looking for a hobbie
Buster: found day trading about 2 years ago
Killer: How is it going for you so far?
Buster: love the grandchildren but its just as nice to give them back after a few hours
Buster: doing okay, hope to see if I can learn hear
Scott-ST Moderator: Well if you have Any Questions just pop them out there.
Scott-ST Moderator: We will be doing a Webinar Training on Tuesday of next week during Lunch
Scott-ST Moderator: BRB, bio break
Killer: This is a good place for that. Everyone is willing to share their experience/expertise
JQ: calebo look at FOX!
Cale: huh
Cale: wow, no BUSH
Allende: Scott: yes/no: I do use the 5, 20, 50 emas on daily charts becasue they are totally innacurrate on TS charting on intrad day charts. However, according to ST video on day trading, I believe you use the intra day moving average--not daily. Also, I wanted to know how to scan for stocks that meet the ST criteria since there are so many gappers that aapear to meet breakinb above/below HOD/LOW. Nevertheless, you are much more selective in your stock picking. I assume it is based, in part, on intradday moving average charting???
JQ: wb
Scott-ST Moderator: lets break it down 1st Allende, what do you mean the EMAs are totally innacurrate on intra day Charts?
Allende: check out the divergences between the dow (and overall market) and the Q's. Maybe this would be a good time to short the Q's with a tight stop?
Scott-ST Moderator: Watching for possible Type C Buy on WM 32.89
Scott-ST Moderator: Watching for possible Type C Buy on WM 32.89
Scott-ST Moderator: Watching for possible Type C Buy on WM 32.89
Cale: eBay has Earnings tonight
Cale: JQ, theres your Melissa on CNBC
JQ: Sweet!!!!
Scott-ST Moderator: Watching for possible Type C Buy on FRX 38.16
Scott-ST Moderator: Watching for possible Type C Buy on FRX 38.16
Scott-ST Moderator: Watching for possible Type C Buy on FRX 38.16
Scott-ST Moderator: trigger hit to fast gang
Scott-ST Moderator: we will reevaluate that one
Scott-ST Moderator: maybe we can get a pull back
Allende: Getting back to you on the EMS, Scott. If you put an exonential moving average on an intraday chart, using TS software, the lines are WAY above or below the current price. In other words, its useless. However, on a daily chart, the moving averages are acccurate.
wizeman: Still in PTR. Continues to trade up, but could plummet any second I know.
Scott-ST Moderator: Allende, how far is WAY above/below?
wizeman: I will cash out at 260 or stop at 255
Scott-ST Moderator: for the most part that is the case, give me an example
Cale: hummm, wizeman is talking to another Room??
JQ: LOL
Allende: Are you asking me for an example Scott?
Scott-ST Moderator: yes, on a 5 min chart what do you have as 5 20 50 EMAs for AAPL
Scott-ST Moderator: wb anatta
Scott-ST Moderator: can anyone else give me your EMA for AAPL
Cale: I have 178.88 for the 50 EMA
Cale: err 170.88
JQ: 172.3
JQ: 171.6
Jen: 171.86
JQ: 170.7
Jen: 171.57 is 20
anatta: ty Scott
Jen: 170.86 is 50
Killer: at 11:45 I have 171.53, 170.84, and 171.85
Allende: Scott: the 5 exponential is above 180; the 20 is 171.58.
JQ: 172.3 171.6 170.7 LOL
Killer: Allenede, my 5 is not above 180
Scott-ST Moderator: ty JQ
Scott-ST Moderator: wow Allende, you need to call TS and ask them how to fix that
Scott-ST Moderator: and your on a 5 min chart?
Scott-ST Moderator: you really should be using these EMAs to help your Trading
Allende: The 50 ema is 170.94---yes 5 minute chart. I've called tech support at TS and they confirmed, twice, that there is no fix. EMAS only accurate on DAILY charts--not intraday.
Killer: Allende, I have it accurate (I believe) on the intraday
Jen: switch platforms, you can't daytrade without accurate charts
chuck: ? Allendale TS = Tradestation?
Killer: on TS
Scott-ST Moderator: okay thats about right for the 50 EMA
chuck: some of the differences above may also be attribuatalbe to how your session start and end times are defined
Jen: I don't think that's possible on an intraday 5 minute chart
Scott-ST Moderator: yea chuck TS is Trade Station
Scott-ST Moderator: it seems that Allende has the right EMA number for the 50 now
Jen: yeah, but his 5 min 5 ema was 180
Allende: Lets ask KILLER since he uses TS--Killer, can you chime in?
Cale: sounds like the EMA is not set correctly
Scott-ST Moderator: who else is using TradeStation?
Killer: Here are my values: 171.71, 171, 172.15
Killer: 171.71 is the 5, 171 is the 20, and 172.15 is the 50
Jen: your 20 ema is less than the 50?
JQ: not bad
Killer: Jen, yes
Killer: oops
Killer: other way
Scott-ST Moderator: I have 5=172.12 20=171.70 50=170.99
JQ: 171.6 170.3 169.9 LMAO
Killer: LOL
Jen: who's on first?
Allende: Killer: do you get accurate emas using INTRADAY charts with TS charting?
Killer: I'll do this again: 172.14, 171.71, 171
Scott-ST Moderator: Chuck is right, kinda, if you are taking into account Pre/Post market values you will get a bit different number
Scott-ST Moderator: you should be using just the Day Session numbers
Killer: Allende, the #s I quoted above are from the intraday chart
Jen: on a 5 minute chart?
Killer: and they are right around where Scott's # are
Scott-ST Moderator: those look good killer
Killer: intraday 5 min hart
Killer: chart
anatta: Gotta go. TY Scott!
Scott-ST Moderator: later anatta
JQ: wb
Jen: bye
Killer: Allende, I think Chuck is right - the problem may be your start and end times for the session
JQ: OK!!! I have a question Allende are your EMA's SET??
Killer: brb
Scott-ST Moderator: brh
JQ: wb
Allende: what do you mean by "set"
chuck: using TS my numbers were slightly off Scott's when i was using pre-market, when i switch to regular session, they agree with Scott
JQ: settings on charts
Allende: I only use regular session. I will speak to TS tech support, again.
chuck: regardless of session times though, your 50 ema shouldn;t be above 180
Scott-ST Moderator: very True Chuck, I think a call to TS support is the best call
Scott-ST Moderator: a good example of how to use the EMA's is looking at the FITB 5 min chart
Scott-ST Moderator: note how the price is using the 50 ema as resistance and the 5 ema as support
JQ: laters Gang the Great Outdoors is calling...GJ... G. Scott!!!!!
Scott-ST Moderator: FITB is testing the 5 min to the down side and then will use the 20 ema as next support
Scott-ST Moderator: TC JQ
Scott-ST Moderator: once the 5 and 20 EMAs are broken they will be come resistance again
Scott-ST Moderator: same setup with ADSK and the EMAs
Scott-ST Moderator: okay now that the markets are moving lower note how FITB has moved below the 20 and 5 ema
Scott-ST Moderator: I would suggest a stop for FITB at 31.26, the high of the last swing point
Buster: good info Scott, thanks, i can see that now
Scott-ST Moderator: good job Buster
Scott-ST Moderator: I have to admit, with Kids and reading a lot of kid books, I think of the Bunny Buster from Marc Brown's Books Aurther when I see your name
Cale: LMAO Scott, know just what your talking about
wizeman: PTR now up to 264. Shouldn't have sold I guess
Scott-ST Moderator: did you go broke taking Profit?
Scott-ST Moderator: awesome trade wizeman
wizeman: Hehehe
Scott-ST Moderator: on Tuesday I will talke about whey that type of thinking can hurt you on your next trade
Scott-ST Moderator: okay Gang I need to fix a network cable in my office, I am here
Scott-ST Moderator: just may take a sec to respoind
Scott-ST Moderator: wow everyone leaves and the Markets fall apart
Scott-ST Moderator: large Break down
Jen: who knew!
Scott-ST Moderator: any News?
Jen: not seeing/hearing anything
Scott-ST Moderator: AAPL giving some up also
Scott-ST Moderator: GOOG has earnings tomorrow, a little birdy told me
Scott-ST Moderator: DOW DOWN 62
Scott-ST Moderator: NAZ UP 13.82
Scott-ST Moderator: SPX UP 2.97
Allende: FITB is working out nicely--falling knife
Scott-ST Moderator: NICE
Killer: Scott, cancel WM?
Scott-ST Moderator: yes
Welcome to SwingTrades.com!
Scott-ST Moderator has entered DayTrading Chat
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Scott-ST Moderator has become a moderator
Scott-ST Moderator: ooops
Scott-ST Moderator: CANCEL WM LONG FOR NOW
Scott-ST Moderator: Markets are falling out of bed
Scott-ST Moderator: we are out of lunch and looking at a weak market
Allende Didn't FITB hit 1%?
Charlie not yet, 1% is 30.73
Scott-ST Moderator: missed it by 1 cent
Scott-ST Moderator: 20.73 is our 1% target
Scott-ST Moderator: ty Charlie
Charlie np
Killer 20.73 Scott? wouldn't that be nice?!
Killer :)
Scott-ST Moderator: LOL
Scott-ST Moderator: sure why not
Killer sounds good to me!
wizeman brb guys
wizeman has left the room
Scott-ST Moderator: ADKS LOD setup is valid but the Markets are starting to come up from an overbought area
Scott-ST Moderator: and there is that HUGE green candle at the open
limey has logged out
Scott-ST Moderator: tc limey
Scott-ST Moderator: DOW DOWN 81
Scott-ST Moderator: NAZ UP 6.46
Scott-ST Moderator: SPX DOWN 5.66
Scott-ST Moderator: trade with caution this afternoon
Scott-ST Moderator: Yahoo LOD
Scott-ST Moderator: Watching for Type B Short at new low of the day on YHOO 28.10
Scott-ST Moderator: Watching for Type B Short at new low of the day on YHOO 28.10
Scott-ST Moderator: Watching for Type B Short at new low of the day on YHOO 28.10
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short YHOO 28.10
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short YHOO 28.10
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short YHOO 28.10
Scott-ST Moderator: UPDATE: Moving stop on YHOO 28.54
Scott-ST Moderator: UPDATE: Moving stop on YHOO 28.54
Scott-ST Moderator: UPDATE: Moving stop on YHOO 28.54
Scott-ST Moderator: UPDATE: Moving stop on YHOO 28.54
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PDLI 21.39
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PDLI 21.39
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PDLI 21.39
Scott-ST Moderator: I would expect to see the markets test the LOD again and maybe see a rally loser to the end of the trading day...
doowop has entered DayTrading Chat
Scott-ST Moderator: ga doowop
Scott-ST Moderator: oaky Gang markets pushing lower
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FITB
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FITB
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FITB
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short INTU 31.59
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short INTU 31.59
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short INTU 31.59
Cale lol who said to cancel INTU short???hummm Allende?
Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: UPDATE: Moving stop on YHOO 28.37
Scott-ST Moderator: UPDATE: Moving stop on YHOO 28.37
Scott-ST Moderator: UPDATE: Moving stop on YHOO 28.37
Jen has logged out
Scott-ST Moderator: Take Care Jen
Cale wow Again she leaves with out a good bye
Cale [img id=em-1][img id=em-1][img id=em-1]
Scott-ST Moderator: DOW DOWN 127
Scott-ST Moderator: NAZ DOWN 7.22
Scott-ST Moderator: SPX DOWN 11.57
Scott-ST Moderator: Markets still looking weak
Scott-ST Moderator: may not see much of any type of rally
Scott-ST Moderator: Any Questions?
Scott-ST Moderator: FITB still falling lower
Scott-ST Moderator: with very little support
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in PDLI
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in PDLI
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in PDLI
Cale SuperMan
Scott-ST Moderator: anyone in the room?
Scott-ST Moderator: anyone still with me?
Cale aye
Cale I am here
Drew yes...im rollling with you
Scott-ST Moderator: [img id=em-10]
Killer still here
Scott-ST Moderator: [img id=em-10]
Killer Scott. what are your thoughts on YHOO?
Scott-ST Moderator: [img id=em-11] GRrrrrrrrrrrrrr
Killer stopped
Scott-ST Moderator: stop is at .37
Killer it hit .37
Scott-ST Moderator: STOPPED Consider exit in YHOO
Scott-ST Moderator: STOPPED Consider exit in YHOO
Scott-ST Moderator: STOPPED Consider exit in YHOO
Scott-ST Moderator: STILL 4+%
Killer still a great day!
Scott-ST Moderator: let's see what INTU does
mac has logged out
wizeman has entered DayTrading Chat
Scott-ST Moderator: wb wize
wizeman Thanks Scott
wizeman I'm in INTU@31.56
Scott-ST Moderator: okay
Scott-ST Moderator: its following the Markets
wizeman Scott, gc today. Nice dollar totals. That with PTR gave me my best day here. BTW, PTR now down 8 points from where I sold out. HAHA
Killer can you suggest a tughter stop?
Killer tighter
wizeman TIGHTER!
Scott-ST Moderator: good job wize
Killer Scott, can you suggest a tighter stop on INTU?
Scott-ST Moderator: sure
Scott-ST Moderator: 31.82
Scott-ST Moderator: or 31.71
Scott-ST Moderator: both are above the 20 ema
Scott-ST Moderator: so we should have goos resistance at that level
Killer thanks
Cale there goes WM
Cale LOL got Filled
Killer Wow!
Cale forgot to cancel that one
Scott-ST Moderator: oh no Cale
Killer Cale, you kept the buy order?
Killer nice!
Scott-ST Moderator: well your doing okay so far
Cale can you hook me up with a stop?
Scott-ST Moderator: 32.48
Cale cool, ty
Scott-ST Moderator: okay Gang 1 Hour left in the trading day
Scott-ST Moderator: Any Quesitons??
Scott-ST Moderator: Comments??
Scott-ST Moderator: it was a good day of Trading
Scott-ST Moderator: there is the 31.71 stop Killer
Scott-ST Moderator: CANCEL ALL ALERTS UNTIL TOMORROW