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********** Good Morning Everyone
********** Friday October 26th, 2007
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Charlie has entered DayTrading Chat
Scott-ST Moderator: gm Charlie
Charlie gm Scott
Scott-ST Moderator: JUST CANCEL CELL
limey has entered DayTrading Chat
JP has entered DayTrading Chat
kami has entered DayTrading Chat
kami gm
Robbeaux has entered DayTrading Chat
anatta has entered DayTrading Chat
Robbeaux GM
anatta gm Scott and all
JQINCOWTOWN has entered DayTrading Chat
JQINCOWTOWN GM
JQINCOWTOWN GM G. SCOTT
Scott-ST Moderator: GM LIMEY, JP, KAMI, ROB, Anatta, JQinCowTown
JQINCOWTOWN Gg
JQINCOWTOWN Gm Calebo
Scott-ST Moderator: Markets will OPen up Higher and Stronger this morning
anatta Scott, Thanks for all those fabulous Q trades yesterday!
Scott-ST Moderator: Good Job Anatta
anatta Look at the daily on NTRI; same pattern as SHOO a few eeks ago
Cale JQ Missed a good day Yesterday
Cale Scott Rocks the stocks and the QQQQ's
JQINCOWTOWN G. Scott did you kill the Q's yesterday?
anatta I'd really like to trade the Qs again today.
Scott-ST Moderator: see if we have the setups
Robie has entered DayTrading Chat
anatta Scott caught some big swings yesterday!
Scott-ST Moderator: gm Robbie
Robie gm to all
anatta Best Qs trading I've ever experienced.
JQINCOWTOWN G. Scott I saw you at the game last night you were setting by Aikman!!
Scott-ST Moderator: [img id=em-8] anatta Rocked the Q's
Robie Thanks Scott for the info email
JQINCOWTOWN Calebo killing the ES already?
Cale Not Killed but did okay
25eagle has entered DayTrading Chat
JQINCOWTOWN GJ
JQINCOWTOWN how many points this week?
Cale this week? hummm. cant count that high
Cale 45+
anatta WTG CALE!!!!!
Scott-ST Moderator: okay Gang Keep your eye on ZRAN
Scott-ST Moderator: its in and out of our trigger
JQINCOWTOWN GJ TraderESCalebo your in?
Cale been long since 29.25
Cale up 6 pts right now
Robie do you use market or limit orders
JQINCOWTOWN your buying the Drinks!!!
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Jen ZRAN close
Scott-ST Moderator: TYPE A Trade (Breakout). Consider Buy ZRAN 25.08
Scott-ST Moderator: TYPE A Trade (Breakout). Consider Buy ZRAN 25.08
Scott-ST Moderator: TYPE A Trade (Breakout). Consider Buy ZRAN 25.08
nick has entered DayTrading Chat
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ZRAN
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ZRAN
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ZRAN
Jen nice Scotty!
anatta ty
Scott-ST Moderator: [img id=em-8]
Allende I had a 4 cent spread and didnt' get any stock!
JQINCOWTOWN GJ
Scott-ST Moderator: Watching for Type B Buy at new high of the day on MSFT 36.04
Scott-ST Moderator: Watching for Type B Buy at new high of the day on MSFT 36.04
Scott-ST Moderator: Watching for Type B Buy at new high of the day on MSFT 36.04
Scott-ST Moderator: MSFT getting closer
anatta Allende, My ZRAN executed at 25.15
JQINCOWTOWN 3% BIDU
JQINCOWTOWN ty
Scott-ST Moderator: Watching for Type B Buy at new high of the day on TROW 61.82
Scott-ST Moderator: Watching for Type B Buy at new high of the day on TROW 61.82
Scott-ST Moderator: Watching for Type B Buy at new high of the day on TROW 61.82
JQINCOWTOWN wb
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy TROW 61.82
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy TROW 61.82
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy TROW 61.82
Scott-ST Moderator: UPDATE: Moving stop on TROW 60.98
Scott-ST Moderator: UPDATE: Moving stop on TROW 60.98
Scott-ST Moderator: UPDATE: Moving stop on TROW 60.98
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in TROW
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in TROW
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in TROW
JQINCOWTOWN GJ On Fire!!!!!
Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: TROW NEW HOD
Cale wow I am still in TROW
Cale it blow right by my exit
Cale Thanks Scotty Scott
JQINCOWTOWN GJ TraderESCalebo!!
Cale "G" Scott is on Fire
Scott-ST Moderator: wow nice hold Cale
Scott-ST Moderator: DOW UP 76
Scott-ST Moderator: NAZ UP 47.04
Scott-ST Moderator: SPX UP 14.51
25eagle gm all vlo gapped up i took a nice profit
JQINCOWTOWN GJ
25eagle site went down yesterday beofre I could say thatnks
25eagle sorry nice typing
Cale looks like my typing
Killer gonna go back to sleep... see you all on Monday.. have a great weekend!
Scott-ST Moderator: good Job Killer
Killer has logged out
Scott-ST Moderator: have a good weekend
JQINCOWTOWN had enough
JQINCOWTOWN Sounds like mom must have had sleepless night
Cale lol
Scott-ST Moderator: shorting the Q's at 53.55
anatta ok
JP DECK HOD?
Scott-ST Moderator: looks good, but the markets are getting weaker
Scott-ST Moderator: the setup is there JP, the stop is just a bit tighter then I like but it would work
Scott-ST Moderator: Keeping an eye on the over all markets today as they will lead the way for most of these stocks
Scott-ST Moderator: I think we will see a lot of Long covering today as no one wants to hold over the weekend
JQINCOWTOWN G. Scott has Spoken!!
Drew has entered DayTrading Chat
JQINCOWTOWN wb
Scott-ST Moderator: gm Drew
Scott-ST Moderator: JQ, you are in form today
Scott-ST Moderator: happy its Friday?
Scott-ST Moderator: My Stop on the Q's is 53.81
Cale there goes DECK
anatta ok, ty Scott
Cale you in JP?
Charlie and your target?
JP Yes
Scott-ST Moderator: 1st target for the Q's is 53.27
JP Got in a little early, at 1% right now
Charlie ok, ty Scott
JP Just got stopped out .75%
Cale what was your entry?
Drew gm...looks like a good day at ST
JP Got in at 140.10
JP Probably should have taken a looser stop
Scott-ST Moderator: Watching for Type B Short at new low of the day on NTGR 33.59
Scott-ST Moderator: Watching for Type B Short at new low of the day on NTGR 33.59
Scott-ST Moderator: Watching for Type B Short at new low of the day on NTGR 33.59
JP Did you get in Cale?
Cale No, kinda agree with Scott
Cale and didnt want to chace it
JQINCOWTOWN Calebo will chase his tail but not stocks!!
Scott-ST Moderator: markets getting stronger...
JQINCOWTOWN G. Scott was that you at the game last night?
Cale lol, there is not much I wont chase
JQINCOWTOWN LMAO!
Scott-ST Moderator: jumping up and down !!!
Scott-ST Moderator: now we have to go do Colorado
Scott-ST Moderator: ugggg...
JQINCOWTOWN That was you!!!
Scott-ST Moderator: I need to send Cale and JP a broom
JQINCOWTOWN LOL
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short NTGR 33.59
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short NTGR 33.59
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short NTGR 33.59
JP I could use a broom.......
Scott-ST Moderator: UPDATE: Moving stop on NTGR 34.05
Scott-ST Moderator: UPDATE: Moving stop on NTGR 34.05
Scott-ST Moderator: UPDATE: Moving stop on NTGR 34.05
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NTGR
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NTGR
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NTGR
Cale nice call Scott
Cale ty
JQINCOWTOWN OMG!!! Cool Down G. Scott!!!
Robbeaux thnx
Scott-ST Moderator: [img id=em-0]
JQINCOWTOWN White Hot!!!!!!!!
Scott-ST Moderator: wait until the type C's Kick in
Scott-ST Moderator: Just the Q's would move our way
anatta Scott's trying to break his daily record of 258%!
Cale LMAO
JQINCOWTOWN RACK new high!!
Scott-ST Moderator: DOW UP 81
Scott-ST Moderator: NAZ UP 38.71
Scott-ST Moderator: SPX UP 13.21
Scott-ST Moderator: we are in a choppy trading mode here
Scott-ST Moderator: the internals are showing weakening in the markets but we could get a breakout either way
Scott-ST Moderator: Stopped out on the Q's
anatta ok
Robbeaux close to the stop on the Qs
Scott-ST Moderator: for those in the Swingtrades our DPTR alert Triggered
Scott-ST Moderator: Just few reminders:
1) We will be having a training session next Tuesday at 11:30
2) Fridays we only trade the Morning Session
Scott-ST Moderator: I will scan for some Type C's here at lunch
Scott-ST Moderator: any Questions here?
Robbeaux just going to calll and get a tee time
JQINCOWTOWN lol
Scott-ST Moderator: good idea Rob, may I come?
Robbeaux any time
Scott-ST Moderator: [img id=em-8]
Robbeaux little ways from bean town to cajun country
Scott-ST Moderator: lol
Scott-ST Moderator: and I have an unfair handicap anyway
Robbeaux lol
JQINCOWTOWN G. Scott your Sandbagging?
JQINCOWTOWN I just dont believe that!!
Scott-ST Moderator: very Choppy Market right now
Scott-ST Moderator: [img id=em-5]
Robbeaux pten inching closer
Scott-ST Moderator: SHORT SHORT SHORT the QQQQ
Scott-ST Moderator: short 53.78
Scott-ST Moderator: 1st Target 53.42
Scott-ST Moderator: stop is 54.05
Scott-ST Moderator: Markets Breaking Down!
Scott-ST Moderator: reall would like to see the Q's push below the 20 EMA
Scott-ST Moderator: The Q's are using the 5 ema as Resistance right now
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS UNTIL MONDAY MORNING
Scott-ST Moderator: I will start scanning for type C's around 11:15
anatta great!
Scott-ST Moderator: internals are still getting weaker
Scott-ST Moderator: moving back into choppy trading range
Scott-ST Moderator: still Short in the Q's
anatta Scott, What about NTRI for a bottom play?
Scott-ST Moderator: at the LOD?
Scott-ST Moderator: or a type C Long?
anatta No, a multi-day swing trade on the long side.
anatta Nice green bar yesterday at the close.
Scott-ST Moderator: might work but I would wait for the markets to be in an extreme area
anatta ok, thank you
Scott-ST Moderator: Watching for possible Type C Short on TIE 35.49
Scott-ST Moderator: Watching for possible Type C Short on TIE 35.49
Scott-ST Moderator: Watching for possible Type C Short on TIE 35.49
Scott-ST Moderator: Watching for possible Type C Short on ADTN 23.17
Scott-ST Moderator: Watching for possible Type C Short on ADTN 23.17
Scott-ST Moderator: Watching for possible Type C Short on ADTN 23.17
Scott-ST Moderator: PTEN is very close
Scott-ST Moderator: DOW UP 57
Scott-ST Moderator: NAZ UP 38.50
Scott-ST Moderator: SPX UP 10.42
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PTEN 19.84
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PTEN 19.84
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PTEN 19.84
Allende ADTN is not on the list
Scott-ST Moderator: TY
Scott-ST Moderator: TROW is setting up for a short at the LOD
Scott-ST Moderator: we are in the begining of lunch, so.......
Scott-ST Moderator: Markets are testing their Daily Low
Scott-ST Moderator: and below the 20 ema using it as Resistance
Scott-ST Moderator: very lite volume here during lunch, but I still am expecting a breakout right after Lunch...
Scott-ST Moderator: which way? that is the Question [img id=em-5]
JQINCOWTOWN Ok... Gang out of here have safe,nice weekend!!!!
JQINCOWTOWN t c G Scott
JQINCOWTOWN has logged out
Scott-ST Moderator: Watching for possible Type C Short on ADTN 23.17
Scott-ST Moderator: Watching for possible Type C Short on ADTN 23.17
Scott-ST Moderator: Watching for possible Type C Short on ADTN 23.17
Scott-ST Moderator: TYPE C Trade (Top). Consider Short ADTN 23.17
Scott-ST Moderator: TYPE C Trade (Top). Consider Short ADTN 23.17
Scott-ST Moderator: TYPE C Trade (Top). Consider Short ADTN 23.17
Scott-ST Moderator: UPDATE: Moving stop on ADTN 23.31
Scott-ST Moderator: UPDATE: Moving stop on ADTN 23.31
Scott-ST Moderator: UPDATE: Moving stop on ADTN 23.31
Scott-ST Moderator: here is the Lunch Breakout
Scott-ST Moderator: moving Lower
anatta MSFT near LOD
mac has entered DayTrading Chat
Scott-ST Moderator: TROW new lod
Scott-ST Moderator: ga mac
mac hello
Robbeaux scalped trow for.20
Scott-ST Moderator: still holding the Q's Short from 53.78
Scott-ST Moderator: PTEN working nicely
anatta YES! ty
Robbeaux yes
Scott-ST Moderator: Merrill Lynch Rumors
Robbeaux Oneil is gone
anatta that didn't take long
Scott-ST Moderator: wow
Robbeaux now if citi will just get rid of there guy
Robbeaux has logged out
Robie have the qqqq turned against us
Scott-ST Moderator: not just yet
Scott-ST Moderator: just taking a break
Robie thanks Scott
Scott-ST Moderator: might consider moving your stop to Entry if you feel more confortable
Scott-ST Moderator: but I think we will retest the Lows
Robie Scott you do a great job
Scott-ST Moderator: thanks Robie
Allende Scott: I'd like to play the Q's with you guys. The problem is I can't follow the transcript because I'm working. However, I do pay attention to audio alerts. Please, if its not too much trouble, can you give audio alerts when you are making picks whether ST strategy related or not. Thanks.
Scott-ST Moderator: Allende, I am not using Audio for the Q's because they are not official Alerts
Scott-ST Moderator: I will use audio once we go official with the Trading Q's Strategies
Scott-ST Moderator: STOPPED Consider exit in ADTN
Scott-ST Moderator: STOPPED Consider exit in ADTN
Scott-ST Moderator: STOPPED Consider exit in ADTN
limey has logged out
Scott-ST Moderator: CANCEL TIE SHORT FOR NOW
Scott-ST Moderator: anyone that is in PTEN might Consider moving your stop to Entry
Scott-ST Moderator: we could see a pop up higher
Scott-ST Moderator: I am moving my QQQQ stop to Entry
Scott-ST Moderator: this is why Lunch is hard to trade, especially on Fridays
Scott-ST Moderator: This could be a False breakout to the upside and then move lower
Scott-ST Moderator: it's hard to tell
anatta I agree, very choppy.
Scott-ST Moderator: see here comes PTEN back down
Scott-ST Moderator: MSFTPushing New LOD
Scott-ST Moderator: there is a fair amount of buying right now
Scott-ST Moderator: but low volume
Killer has entered DayTrading Chat
Scott-ST Moderator: wb Killer
Scott-ST Moderator: have a nice nap?
Lisa have a good weekend Scott, thanks for the awesome day!!
Lisa has left the room
Scott-ST Moderator: tc Lisa
Killer I did, thanks!
Killer :)
Killer You guys had a gerat morning
Killer just popped in to see what's going on
Killer see you on Monday
Killer has logged out
Scott-ST Moderator: later Killer
MaxTrader has left the room
Scott-ST Moderator: Starting to roll outof Lunch
Scott-ST Moderator: The Markets are still in a choppy Range
Scott-ST Moderator: I am still Short the Q's from 53.78
anatta me too
Scott-ST Moderator: I see a lot of indicators showing a test of the LOD
Scott-ST Moderator: but still hard to tell at this point
Scott-ST Moderator: all the Markets are testing the 20EMA as support
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in PTEN
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in PTEN
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in PTEN
Scott-ST Moderator: Markets are in an bought area although it does have room MOVE UP
Scott-ST Moderator: FLAT on the Q's at ENTRY
Scott-ST Moderator: looks like they are running it up
JP Markets running up, MSFT hitting LOD
anatta CFC near HOD
Scott-ST Moderator: look for a false brakeout
JP Looks like financials are leading the push higher
anatta Which would you rather own MSFT or CFC? Go figure!
Scott-ST Moderator: OSIP on full up mode
Scott-ST Moderator: look for a test of the last Swing High
Jen has logged out
anatta long OSIP 41
Robie Have nice weekend all. Thanks Scott for the day
JP SPWR running again
Scott-ST Moderator: wow, good ol' SPWR
Robie has left the room
Scott-ST Moderator: so far OSIP is working for you anatta
Scott-ST Moderator: what is your stop?
anatta Yes, out 1/2 at 41.25
Scott-ST Moderator: [img id=em-10] Very Nice
anatta stp at entry
anatta just a scalp
anatta Thank YOU!
Scott-ST Moderator: [img id=em-8] good job
anatta I've been scalping CFC all day
anatta a fun one
Tony has entered DayTrading Chat
Scott-ST Moderator: wb Tony
Scott-ST Moderator: I am not really here this afternoon
Tony Thanks
kami has logged out
Cale has left the room
Scott-ST Moderator: have a good weekend kami, Cale
Scott-ST Moderator: we are strting to see the afternoon volume
bigb has entered DayTrading Chat
anatta BIDU near HOD
buckeyedave has entered DayTrading Chat
Scott-ST Moderator: here's the Breakout
buckeyedave hello group...i'm new...what does scalp mean....
Scott-ST Moderator: DOW UP 102
Scott-ST Moderator: NAZ UP 47.22
Scott-ST Moderator: SPX UP 17
Scott-ST Moderator: TESTING THE hod
mac has logged out
Scott-ST Moderator: have a good weekend mac
Scott-ST Moderator: hello Buckeyedave
Scott-ST Moderator: that CFC is on a run
Scott-ST Moderator: Huge Run up
buckeyedave hello scott...new member here
buckeyedave what does the term scalp mean...taking profits?
Scott-ST Moderator: give that a look Dave
Scott-ST Moderator: The Scalper
The scalper generates trading profits from stocks that are not moving, make tiny (or teenie) profits from each trade by buying a stock on the bid and then turning around and selling at the ask. Provided that the stock does not move, scalpers can profit all day by making dozens (or hundreds) of trades, buying at the highest price at which they feel comfortable and selling at the lowest price that guarantees sufficient profit while still being attractive to buyers.
JP A scalp is a very short term trade that lasts only a few minutes, or sometimes even just a few seconds. The goal of a scalp is just to grab afew .01 per share.
anatta I like JP's definition better.
buckeyedave thanks all
Scott-ST Moderator: lol
anatta :)
Scott-ST Moderator: I need to make a face w/ a toung sticking out
anatta lol
Scott-ST Moderator: tongue
Scott-ST Moderator: I like that Investopedia website
Scott-ST Moderator: who posted that the 1st time?
bigb that would be me :)
Scott-ST Moderator: WOW, hey Big
Scott-ST Moderator: I didn't see you sneak in
bigb finally someone will talk to me
Scott-ST Moderator: how are ya doing?
Scott-ST Moderator: did you go on vacation?
bigb haha
Scott-ST Moderator: still up set that the DiamondBacks are still not playing?
bigb Yes, to san diego of all places. it was my niece's first bday until they evacuated the neighborhood
bigb yes very upset scott
bigb think about it everyday....damn rockies
anatta sorry to hear that Big
anatta are they back in their home?
Scott-ST Moderator: no worries Big, the Sox are spanking that colorado team
bigb no not yet, staying in san francisco for the weekend
bigb worst world series
anatta do they know if their house is okay?
bigb ya its covered with a few inches of ash though. You couldnt even breathe. Felt like you were always smoking
Scott-ST Moderator: wow
anatta so so sorry
Scott-ST Moderator: yea, sorry to hear that Big
bigb ty
Scott-ST Moderator: bond Markets just about to close, leaving us just an hour left in the trading day
Scott-ST Moderator: DOW UP 119
Scott-ST Moderator: NAZ UP 46.29
Scott-ST Moderator: SPX UP 18.40
Scott-ST Moderator: good Trading day for us!! up 3.42% 1.27 points
anatta Thank you Scott!
Scott-ST Moderator: we had 2 nice type A's that worked in our favor for 2%
Scott-ST Moderator: good job anatta
Scott-ST Moderator: Any Questions? Comments?
Scott-ST Moderator: CANCEL ALL ALERTS FOR UNTIL MONDAY
Scott-ST Moderator: Have a wonderful weekend Gang
bigb you too