Welcome Msg: Welcome index futures traders. Most of us follow methods taught at intelligentspeculator.com. We're here when "TRENDVUE TRADERS WKSHOP" is locked down for a paid session. You can post charts at www.DaCharts.com Spammers & hecklers get the boot. Paltalk: Press the INVITE button NOW! Get your friends in on the fun! Invite them to join us on PalTalk today! Paltalk: You DO have a choice! Buy bannerless to end your popup blues today! Click HELP on your Pal List then click 'Bannerless PalTalk'. Only $9.95 a year! That's less than THREE CENTS per day! WOW!!! Paltalk: To visit our sponsors, click on banners! Paltalk: Subscribe to bannerless to stop the popups today! Get it NOW for less than THREE CENTS a day! Click HELP on your Pal List then click 'Bannerless PalTalk'. (09:13 AM) Buffy_04364: Morning all (09:13 AM) Buffy_04364: brb (09:14 AM) Orprepus: Good Morning! (09:16 AM) keb2001: Good Morning. (09:18 AM) dave_b_quick: Good morning traders!! (09:21 AM) Orprepus: Did anyone short overnight? (09:21 AM) dave_b_quick: no overnite trades here (09:26 AM) Buffy_04364: never see one here either - just wouldn't sleep :-) (09:28 AM) cheetah55: gm (09:28 AM) cheetah55: buffy, have u gotten the pyra book yet? (09:28 AM) Buffy_04364: ordered on Sunday (09:29 AM) Buffy_04364: just posted 4M pyra (09:30 AM) Buffy_04364: think I have made all the observations I can on my own so finally ready for it Paltalk: Please visit our advertisers by clicking on banners. (09:32 AM) cheetah55: ok (09:43 AM) boomer_95: where is everybody (09:44 AM) ab_18: it's aaa-hhh monday morn (09:45 AM) dave_b_quick: lotta people in Teresa's free day today (09:45 AM) Orprepus: why (09:45 AM) ab_18: what's the usual fee (09:45 AM) Buffy_04364: yes they are dave - miss the info on pivot points and PnF but that is ok (09:46 AM) Buffy_04364: tomorrow we will be back to normal (09:48 AM) dave_b_quick: retro bot the 15m range bkout (09:49 AM) Buffy_04364: tks dave got it (09:54 AM) boomer_95: what is teresa room? (09:54 AM) dave_b_quick: trendVUE 90 minutes chat, password "ispec" (09:55 AM) boomer_95: thx dave...no way to be both places at once? (09:55 AM) dave_b_quick: ya, but you need 2 computers and 2 handles (09:56 AM) boomer_95: 1 in plenty...lol (10:01 AM) Buffy_04364: LOL agree Paltalk: Your friends are just a click away! Press the invite button NOW! (10:02 AM) dave_b_quick: i think boomer left for T's room. T got stoped out 3x and is sidelined 'til something major happens. (10:03 AM) Buffy_04364: tks dave (10:04 AM) Buffy_04364: retrp trader stopped out also right Dave? (10:04 AM) Buffy_04364: retrp = retro (10:05 AM) dave_b_quick: yup, low probability trade in this mkt (10:08 AM) Buffy_04364: tks for letting us know what goes on in T's room dave (10:09 AM) cheetah55: locked in the 1211-1215 for the ES. Same area as Friday. (10:10 AM) dave_b_quick: LBR is calling 15m upbars a bear flag (10:11 AM) Buffy_04364: that wouldn't surprise me a bit (10:12 AM) Buffy_04364: break below 23 would seem to confirm that (10:12 AM) Buffy_04364: on lower TF (10:14 AM) Buffy_04364: testing middle of W on 2B on 60T (10:15 AM) Buffy_04364: posted (10:16 AM) dave_b_quick: retro close to getting short (10:25 AM) dave_b_quick: New low in NQ (10:25 AM) Buffy_04364: test of todays low (10:25 AM) Buffy_04364: yep now is it a 2B (10:25 AM) Buffy_04364: ? (10:25 AM) Orprepus: Is retro short? (10:26 AM) Buffy_04364: yes (10:26 AM) Buffy_04364: I think (10:26 AM) Buffy_04364: dave is the pro LOL (10:27 AM) Orprepus: still short from 1728 -entry was 2m NQ BB spike with lower volume (10:27 AM) Buffy_04364: hi O (10:28 AM) Buffy_04364: needs to make a higher high here (10:28 AM) Orprepus: also QQQ call/put volume from friday helped (10:28 AM) Buffy_04364: whoops you don't want it to make a higher high sorry O (10:29 AM) Orprepus: second day in a row in that QQQ call vol 4:1 over puts. Paltalk: Go bannerless and support PalTalk! Subscribe today! Only $9.95 a year! Click HELP on your Pal List then click 'Bannerless PalTalk'. (10:32 AM) ppusa: my hour chart bar shows potential run to test last night's high (Friday's close) but nothing to really discourage anyone from going short. MA's look like a short. (10:33 AM) dave_b_quick: hooray for the qqq bulls, but i was more intersted in the qqq puts myself (10:33 AM) Buffy_04364: we have a higher low on 60T so be careful inside bar on 5M (10:33 AM) ppusa: If I was short, I would be newvous if we turned up (10:34 AM) Orprepus: covered 1717 - 3m nq BB getting to tight for meet - 11pts (10:34 AM) Buffy_04364: nice trade O (10:34 AM) Orprepus: gap dn always dnager of closing (10:34 AM) Orprepus: thxs (10:37 AM) dave_b_quick: good job orp (10:37 AM) Orprepus: qqq puts was where smart money would of traded if they would trade QQQ's - usually SP (10:37 AM) dave_b_quick: retro is 0 for 2 (10:38 AM) ppusa: sandwiched between ma's. (10:39 AM) Orprepus: thx dave - yoda is my friend (10:40 AM) dave_b_quick: LOL yr doing something right again (10:41 AM) ppusa: overall pattern - expanding triangle from Friday's sell off. (10:45 AM) Ensign Software: Here is a list of the new features/changes implemented this weekend: 1) Added feature to upload chart to any web site using FTP. Automatic support for the www.dacharts_dachart_dacharts_dachart.com site built in as the initial default. 2) All important panels will pop-up near the chart using chart pop-up menu. This will be appreciated by multiple monitor users. 3) All studies can be in any study sub-window, include all the stop studies. (10:45 AM) Ensign Software: 4) Study on Study is smarter to automatically know which scale to use. Thus you can have parabolic stop on a stochastics or on a MACD study. 5) Overlays can be plotted in a sub-window. 6) Changing the labels on the Times panel buttons is done on the times panel now, instead of on SetUp | Charts form. (10:46 AM) Buffy_04364: all great ones Howard (10:46 AM) Buffy_04364: thanks (10:46 AM) dave_b_quick: morning, howard (10:46 AM) Buffy_04364: I tried to set up the overlay tick chart this weekend but did not succeed (10:46 AM) Orprepus: thank you Howard (10:46 AM) Buffy_04364: will talk to you about it sometime (10:46 AM) Buffy_04364: to see what doing wrong (10:46 AM) dave_b_quick: howard, is there a way to display volume in another study window? (10:47 AM) Buffy_04364: Ctrl V turns volume on and off (10:47 AM) Ensign Software: David, in implementing the FTP upload to www.dachart.com I posted a lot of junk JPG charts to the 08-03 folder. I would appreciate it if you would delete all images with the JPG extension from Friday's folder. Thx (10:48 AM) dave_b_quick: will do (10:49 AM) Ensign Software: Once this new version is distributed, your www.dacharts_dachart_dacharts_dachart.com site should get more charts posted because Ensign can post the chart with a simple CTRL-J type of keystroke. Images can be posted of the charts, other windows, and all parameter forms. (10:49 AM) Buffy_04364: that sure is going to make life easier howard (10:50 AM) Ensign Software: That will be faster than using SnagIt, but then JPG is not a sharp as GIF . (10:50 AM) Buffy_04364: only have to use snagit if I want to make a note on it now (10:50 AM) Orprepus: howard what is the ver nmber for this release (10:50 AM) dave_b_quick: Ensign can only export JPG format? (10:50 AM) Ensign Software: You can do notes using note tool in EW if you want to. That is what i have done for my notes on my examples. (10:50 AM) Buffy_04364: true Howard (10:51 AM) Ensign Software: not released yet, but will be Aug 6th or later. (10:51 AM) Buffy_04364: I should of said change the title and not just have a number there (10:51 AM) Orprepus: thxs (10:51 AM) dave_b_quick: Howard, is it possible to change font size for individual notes? (10:52 AM) Orprepus: good question dave! (10:52 AM) Ensign Software: on the web upload that I implemented, you can have it be like Snagit with a prefix and automatic number, or you can have it be the chart name, or you can have it be a fixed name that you entered before uploading. So, you should be able to have the image named as you prefer. (10:53 AM) Ensign Software: let me think on the font size ? (10:54 AM) dave_b_quick: OK, did you see the question about displaying volume in another study window? (10:54 AM) Buffy_04364: do you have an example of that dave (10:54 AM) dave_b_quick: ya, teresa's charts today she displays volume in the ADX window (10:55 AM) dave_b_quick: so she can compare volume trends with ADX trends (10:56 AM) Ensign Software: dave, solution is to put ADX in the volume window (10:56 AM) Orprepus: how would that look different than ADX in Vol (10:56 AM) dave_b_quick: but then it's a half size window and hard to see (10:56 AM) dave_b_quick: would be better to put volume in a full size study window (10:57 AM) Ensign Software: ? instead of vol as vertical bars, would it work to have a 1 period average line of the volume (10:57 AM) Ensign Software: if so, put average and adx in any sub-window (10:57 AM) dave_b_quick: i'll play with that (10:57 AM) ppusa: that spike to 1722 made my hour chart look normal. We have now had a 1-2-3 from intraday high to intraday low. (10:58 AM) Ensign Software: dave, wait and play with it using new version when available because new version is smarter to know the scale needed (10:59 AM) Buffy_04364: howard what did you use for offset +U/D on tick overlay if you have a chance (10:59 AM) dave_b_quick: great, thanks (10:59 AM) Ensign Software: anyway, I am back to my own room and back to programming. still testing and adjusting these new features (10:59 AM) Buffy_04364: will see you later Howard (11:00 AM) dave_b_quick: thanks, howard, keep up the good work (11:00 AM) Ensign Software: on tick overlay, I double clicked on the chart scale so scale went to the tick scale, and then dragged and resized tick overlay and scale to shrink it and position it near the chart top. Just did it visually. (11:01 AM) Ensign Software: will be easier to do in new version because overlay can be in a sub window now, which will be great for parking the $TICK overlay. (11:01 AM) ppusa: Was the low of 9 the latest turning pointof the expanding triangle or are we going thru Friday's low? (11:01 AM) Ensign Software: bye Paltalk: Please support our sponsors by clicking on banners. (11:02 AM) dave_b_quick: bye, howard (11:03 AM) dave_b_quick: that's the question of the hour, ppusa (11:04 AM) ppusa: indu and S&P have taken out Fri low (11:04 AM) Orprepus: getting something to eat - be back in a little while -gets real interesting if we break 1700 (11:04 AM) dave_b_quick: bon apetit! (11:05 AM) Buffy_04364: sure does O (11:06 AM) Buffy_04364: poke bar on 3M and 5M (11:07 AM) Buffy_04364: posted 3M-5M-15M combo (11:09 AM) Buffy_04364: testing that line now (11:10 AM) ppusa: hour chart still looks like it might turn up. (11:12 AM) ppusa: i took out a quick short trade earlier. but am still just hanging around. We just broke to the upside of some ma's (11:12 AM) ppusa: back to the high of the hour (11:13 AM) Dirk-X: Morning (11:13 AM) ppusa: gm (11:15 AM) ppusa: I am now relatively sure we will go higher but probably will leave the trade to someone else. (11:16 AM) Buffy_04364: nice wording ppusa - wish I could always remember to word my comments that well (11:16 AM) dave_b_quick: LOL ppusa (11:16 AM) ppusa: You do just fine buf (11:17 AM) ppusa: but I can't believe you let a bridge player talk to you during trading hours (11:17 AM) Buffy_04364: don't worry that one won't be happening again (11:17 AM) dave_b_quick: play the game of life with a close hand (11:17 AM) Buffy_04364: I remember when I was learning and I wanted to keep his enthusiasm going (11:17 AM) ppusa: oh good grief (11:18 AM) Buffy_04364: but I told him no calls between 9:15 and 3:45 thisweekend (11:18 AM) ppusa: I have a guy who always stops by... drives me crazy (11:18 AM) ppusa: wants bicycle parts (11:18 AM) ppusa: clueless (11:19 AM) dave_b_quick: what kinda neighborhood you live in ppusa? sounds like mine. (11:19 AM) Buffy_04364: well Ray was too until I explained it all to him this last weekend (11:19 AM) ppusa: Lake Tahoe (11:20 AM) Buffy_04364: what is retro trader doing now Dave? (11:20 AM) ppusa: ride bikes and we order wholesale (11:20 AM) dave_b_quick: retro is long off the 15m 2B (11:20 AM) Buffy_04364: 5M shows higher high (11:20 AM) Buffy_04364: so that is good (11:21 AM) Buffy_04364: 5pt crash stop? (11:21 AM) dave_b_quick: i missed the trade, but retro's rules would be long 1717, SL 1712 (11:21 AM) Buffy_04364: tks (11:22 AM) Buffy_04364: don't like the drop in volume on this rally (11:23 AM) ppusa: The charts I trade off showed a bounce due off the 09 low. I usually don't know how big a bounce until hindsight but my 15 pt P & F was due for a reversal. Was paying too much attention to Howie and not enough to putting 2+2 together and going long. (11:23 AM) Buffy_04364: frustrating isn't it ppusa? I do that all the time and just remind myself market is always there (11:25 AM) ppusa: Yes. There are few trades like this that I don't like to miss. Maybe I will dub them OP trades. (Trades that have more than a couple tick potential) (11:25 AM) Dirk-X: just got short (11:25 AM) ppusa: OP = Orprepus (11:26 AM) ppusa: due for 6 tick pullback on NQ then either direction. (11:28 AM) ppusa: Start a new hour in a couple minutes (11:28 AM) Buffy_04364: just posted another combo chart (11:28 AM) Buffy_04364: see if 3M is early warnigh (11:29 AM) ppusa: Carefull dirk as my hour chart is kinda steep. (11:31 AM) ppusa: There's 6 ticks Paltalk: Are banners a bummer and popups a pain? Cure your banner blues NOW for $9.95 a year! Click HELP on your Pal List then select Bannerless PalTalk to subscribe now! (11:31 AM) ppusa: Sitting on ma support (which doesn't mean it won't break) (11:34 AM) Dirk-X: still short (11:34 AM) Orprepus: back (11:35 AM) ppusa: don't read the last few comments (11:36 AM) Orprepus: why? (11:36 AM) Dirk-X: out b/e (11:36 AM) ppusa: good, I didn't want to say anything while you were short but I didn't like it (11:36 AM) Buffy_04364: shouldn't of said exit time on that post of charts should of said maybe tighten stops time (11:38 AM) ppusa: gotta go feed the dog (11:38 AM) Buffy_04364: test of last swing high (11:40 AM) Buffy_04364: Dave your opinion of combo chart TF posts. Think we can learn anything? (11:44 AM) Orprepus: buffy nice charts - agree about not making higher high (11:45 AM) Buffy_04364: trying to watch how the 15M - 5M -3M all inter relate today (11:45 AM) Buffy_04364: give retro trader an added edge maybe :-) (11:45 AM) Buffy_04364: tks though O (11:45 AM) dave_b_quick: ya, buffy, there's something there. Too bad the label on the 5m can't show for people who don't know... (11:45 AM) Buffy_04364: good point Dave (11:46 AM) Orprepus: can it pull dn and take out low - we could of seen the high and low for the day - just range out the rest of the day waiting for productivity numbers that come out tomorrow (11:47 AM) Buffy_04364: there we cured that problem (11:47 AM) dave_b_quick: that wouldn't surprise on an August monday, op (11:47 AM) dave_b_quick: gotta go pick up kid at camp, back in 20 (11:48 AM) Buffy_04364: k (11:49 AM) Orprepus: wow still over 130 people in T's room (11:50 AM) Buffy_04364: yep - they like free days (11:50 AM) cctraderx: but nothing's happening over there (11:53 AM) Buffy_04364: I miss PnF and pivot figures (11:53 AM) Buffy_04364: they should be back tomorrow (11:53 AM) cctraderx: do U need pivot numbers? (11:54 AM) Buffy_04364: I usually write them down to watch at that point - don't base trades on them (11:54 AM) Buffy_04364: ensign has them somewhere I guess (11:54 AM) ppusa: My charts don't look so good now that we've had this last move up. The move took some of the steepness out of the charts and they look less likely to go higher. (11:54 AM) ppusa: Still doing nothing. (11:55 AM) cctraderx: r2 = 1750; r1 1722; pivot 1698; s1 1678 and s2 1646 (11:56 AM) cctraderx: 1236, 1225,, pivot 1217, 1207 and 1199 for es (11:56 AM) Buffy_04364: tks cc (11:56 AM) Buffy_04364: like to also see how they compare to pyra (11:56 AM) cctraderx: u r welcome (11:57 AM) ppusa: We hit r1 and then made the low of 09. Only afterwards did we come back to 25 and take it out (11:58 AM) Buffy_04364: r2 for pyra is 1731 others off more than usual might be time to reset pyra base pont (11:58 AM) ppusa: Napping, you all stay out of trouble. (11:59 AM) Buffy_04364: you feeling better now? (12:01 PM) Buffy_04364: dave, would send me a list of trades and stops for retro trader tonight? Paltalk: Click banners to visit our sponsors. (12:01 PM) Buffy_04364: Hi gravestonedoggie! (12:02 PM) gravestonedoggie: hi buffy (12:02 PM) gravestonedoggie: how is it going here? (12:02 PM) Buffy_04364: short off test of last swing high that failed (12:02 PM) gravestonedoggie: nice (12:02 PM) Buffy_04364: for a few (12:02 PM) gravestonedoggie: i shorted es in there bu scratched b/e (12:03 PM) gravestonedoggie: i am going back to other room for a bit.. see you later (12:05 PM) Buffy_04364: might go over later also when mike is around (12:14 PM) Buffy_04364: volume has really dropped off (12:20 PM) Orprepus: yes - vol drop with spike on 2m BB got me short at 172250 also falling adx and DB helped (12:21 PM) Orprepus: need lower low to stay in trade (12:25 PM) Buffy_04364: posted combo charts (12:27 PM) Orprepus: db helping me stay in - waiting for break (12:29 PM) dave_b_quick: i'm back and looks just like when i left... (12:31 PM) Buffy_04364: yep not mch going on Paltalk: Love PalTalk but hate the banners and popups? Go bannerless! Only $9.95 per year! Click HELP on your Pal List then click 'Bannerless PalTalk'. (12:39 PM) Orprepus: back - lost datafeed for first tome in 4 months - had to reboot (12:39 PM) larrybf: i trade with interactive brokers. looking for a backup broker. any recommendations? (12:39 PM) Buffy_04364: that wasn't nice (12:39 PM) Buffy_04364: I use PFG with best platform (12:40 PM) Orprepus: no - though yoda kept me in the trade (12:40 PM) larrybf: is it fast? (12:40 PM) Buffy_04364: I don't have a problem with it at all (12:41 PM) larrybf: good. thanks buffy (12:41 PM) Buffy_04364: www.pfgbest.com I think (12:41 PM) larrybf: thanks (12:41 PM) larrybf: whata the emini margins? (12:42 PM) larrybf: buffy (12:42 PM) Buffy_04364: that is all on their website - (12:42 PM) larrybf: ok (12:43 PM) Buffy_04364: not sure if changed since last spring (12:45 PM) Buffy_04364: much going on in other room Dave? (12:46 PM) dave_b_quick: stock talk (12:47 PM) Buffy_04364: tks (12:57 PM) Orprepus: got close to my stop - 171650 but should come back dn and take out lod - what do think? (12:58 PM) Buffy_04364: did not make Her H so you just might e right there (12:59 PM) dave_b_quick: lookin good op (01:00 PM) Buffy_04364: yep just don't want higher low here (01:00 PM) Orprepus: yoda be good yoda be good yoda be good (01:00 PM) Buffy_04364: LOL Paltalk: Please support our sponsors by clicking on banners. (01:23 PM) sp-leo: I trade pfgbest (01:23 PM) sp-leo: I requrested 25%margins (01:23 PM) sp-leo: about $1100 per contract (01:23 PM) Buffy_04364: tks sp (01:23 PM) dave_b_quick: wow cheap margins (01:23 PM) sp-leo: your welcome (01:24 PM) sp-leo: comm are kind of high (01:24 PM) sp-leo: about 413.50 (01:24 PM) sp-leo: 13,50 (01:24 PM) Buffy_04364: but they always answer there phone (01:24 PM) Buffy_04364: if you trade a lot, you should be able to get that lowered (01:24 PM) sp-leo: hopefully you don't need to call (01:24 PM) dave_b_quick: somebody said they got $10 at pfgbest, was that 4nq? (01:24 PM) Buffy_04364: yes (01:25 PM) sp-leo: plus fees? (01:25 PM) Buffy_04364: ten RT (01:25 PM) sp-leo: mine is 10 plus fees (01:25 PM) Buffy_04364: 3.50 in fees for what exactly? (01:26 PM) sp-leo: I don't remember, I'd have to pull the paper, just a second (01:26 PM) sp-leo: 3.50 fees and brokerage---------.o4 nfa (01:27 PM) sp-leo: 10 commision (01:27 PM) Buffy_04364: hmmm thanks (01:27 PM) sp-leo: commission (01:27 PM) Buffy_04364: don't see that on mine as it would show on daily account balance (01:27 PM) sp-leo: i had 5.98 at field (01:27 PM) sp-leo: but their program didn't perform well (01:27 PM) Buffy_04364: a lot of them don't (01:28 PM) dave_b_quick: yup (01:28 PM) sp-leo: I liked leo-web but like the best better (01:28 PM) Buffy_04364: this is a tough long to hold through (01:29 PM) sp-leo: long @ 4 (01:29 PM) sp-leo: sp (01:30 PM) cheetah55: u got long at 1204.00? (01:30 PM) sp-leo: yes (01:31 PM) cheetah55: yoowzer !! Nice entry! (01:31 PM) sp-leo: fade the volume blow-outs Paltalk: Press the INVITE button NOW! Get your friends in on the fun! Invite them to join us on PalTalk today! (01:32 PM) cheetah55: Volume blow-out? How do u determine that? (01:33 PM) sp-leo: after trading for 30 minutes in a range I fade 2 points out. add another if it goes 4 against you and ditch at even (01:33 PM) sp-leo: almost always good for 2 to 4 points. and usually more (01:33 PM) dave_b_quick: thanks, leo (01:34 PM) Buffy_04364: out now of mine (01:34 PM) sp-leo: I used to do the yen that way. traded 6 weeks after a heart attack without a loss (01:34 PM) sp-leo: was drugged a little then though (01:34 PM) dave_b_quick: WOW (01:35 PM) sp-leo: I hated the scalps though (01:35 PM) sp-leo: be back in a few minutes, time to calendar with my wife (01:38 PM) Orprepus: again almost hit stop 171650 but still hanging in there in this now 90M trade (01:39 PM) Buffy_04364: congrats O (01:39 PM) Buffy_04364: hitting time line on pyra (01:39 PM) Orprepus: vol increasing and adx rising - should break lod on this run down if not I'll cover and take a break (01:41 PM) Orprepus: yoda is beginning to sound like Mr. Greed - take the money take the money (01:49 PM) cheetah55: bbl (01:50 PM) Orprepus: covered 1714 8.5pts (01:50 PM) Orprepus: taking a break (01:50 PM) cctraderx: good job (01:52 PM) ppusa: 4 down hours without a higher high. Needed this (01:52 PM) ppusa: through napping (01:53 PM) ppusa: where are we going next. Should I buy or sell (01:56 PM) sp-leo: I took the point and am fading 2 points out------sell 09 and buy 1.5 (01:57 PM) sp-leo: I think not much movement for another hour (01:57 PM) sp-leo: sorry about the lazy grammar (01:58 PM) Buffy_04364: don't worry about yours and we won't worry about ours :-) (01:58 PM) sp-leo: deal Paltalk: You DO have a choice! Buy bannerless to end your popup blues today! Click HELP on your Pal List then click 'Bannerless PalTalk'. Only $9.95 a year! That's less than THREE CENTS per day! WOW!!! (02:13 PM) sp-leo: ok, who snagged my long 1 tic above my order? (02:14 PM) Buffy_04364: :-) (02:14 PM) sp-leo: that must mean the bottom's in (02:15 PM) sp-leo: so much for that trade (02:19 PM) Orprepus: back - I see I missed another short opportunity - but the dog no longer has that doooggg stank (02:27 PM) Buffy_04364: big jump in vol on this down bar on nq (02:28 PM) sp-leo: I would buy 5 points below the support on good volume (02:28 PM) sp-leo: too much trouble to toggle back and forth from nq to es (02:29 PM) Buffy_04364: agreed I don't do it either (02:29 PM) sp-leo: too bad it takes pain to learn it though (02:30 PM) sp-leo: must have been the intel news that moved the nq Paltalk: To visit our sponsors, click on banners! (02:33 PM) ppusa: Since we have a higher high on the hour chart, if we follow it up with a couple down hours, I'm in (02:35 PM) ppusa: hour chart ma's are definately down which means I should be short. Hit the 200 bar ma at 1700 (02:39 PM) Orprepus: buffy - check out 60m PP w/base at low on 7/24 tracking nicely in dn channel since last Thursday - potential low 1690ish (02:41 PM) sp-leo: buy 1199.50 (02:41 PM) Buffy_04364: will do O (02:44 PM) Orprepus: db on new low -strong dn magnet (02:44 PM) Orprepus: there it goes (02:48 PM) Buffy_04364: what a fight is going on on the nq Paltalk: Subscribe to bannerless to stop the popups today! Get it NOW for less than THREE CENTS a day! Click HELP on your Pal List then click 'Bannerless PalTalk'. (03:06 PM) ppusa: high previous hour 1719....high this hour 1716.5.. I have no opinion one way or the other as to where we are going but if we go through 19, i think we will have some follow thru. (03:25 PM) Orprepus: shorted @ 1716 off of 2mBB Spike and lower vol last trade (03:26 PM) ppusa: compx is sitting on low (03:28 PM) Dirk-X: I keep coming in from the deck to check on the market, thinking, "well, let's see which way we've finally broken out to." This is pathetic. (03:28 PM) ab_18: Needs to break lower lows from 14:45 (03:28 PM) ppusa: hey dirk, what is on the deck? (03:29 PM) Dirk-X: 20 point range today!!!!! (03:29 PM) Dirk-X: Sunshine, pp (03:29 PM) ppusa: darn, you dog (03:29 PM) Buffy_04364: no wonder we have just been watching for the most part (03:29 PM) dave_b_quick: not me, i took a nap] (03:30 PM) Buffy_04364: lol (03:30 PM) Orprepus: stop hit for 4 more pts - done for the day (03:30 PM) Dirk-X: going back into the sunshine...take care..see you tomorrow (03:30 PM) dave_b_quick: orprepus, yr gonna have to give us a seminar (03:30 PM) ppusa: I placed a buy order when we hit 1716 but it didn't go through. (luckily) (03:30 PM) ab_18: y Paltalk: Please visit our advertisers by clicking on banners. (03:39 PM) Orprepus: dave - sure - but I really believe that your personality type has a lot to do with what style of trading will work for you. Me I am most successful with long-term trades and longterm timeframes (03:39 PM) Orprepus: today the market was kind enough to grind slowly and therefore i could use small tf to trade off (03:40 PM) dave_b_quick: so you're flexible enuf to go either way, that's great (03:42 PM) ppusa: doesn't the momentum (strength or weakness in ma's) dictate how you trade (03:43 PM) ppusa: of course it's all reflected whether ma's, volume, etc. just depends on what you feel comfortable reviewing. (03:45 PM) Orprepus: always trade with the trend if the market is tending - if sideways movement buy the dips or sell the peaks aligned to the last trend (03:47 PM) Buffy_04364: looking forward to you being able to post charts for some of these words of wisdom :-) (03:47 PM) dave_b_quick: are you on Ensign, orprepus? (03:47 PM) Orprepus: yes EW user (03:47 PM) ppusa: i agree. You get a lot bigger profit selling a bounce and riding to a new low compared to buying a dip and riding to resistance. (03:48 PM) Buffy_04364: howard should have download for it to be easy for you to post them soon (03:48 PM) dave_b_quick: great, in the next version you'll be able to save charts automatically to dacharts_dachart_dacharts_dachart.com (03:49 PM) Orprepus: today I only sold - going with dn trend - will do so the rest of this week (03:49 PM) ppusa: But don't forget OP, you were selling intraday into an uptrend before Friday and still making $$ (03:50 PM) ppusa: Shorter term trend was down (03:50 PM) ppusa: but then the longer long term trend is down (03:50 PM) Buffy_04364: I thought this was going to break to downside but tired of waiting (03:51 PM) Buffy_04364: too close to end (03:51 PM) Orprepus: long term trend 3-4 weeks - down down (03:51 PM) dave_b_quick: i know the feeling (03:51 PM) Buffy_04364: retro trader even had problems today (03:52 PM) dave_b_quick: ya, need to reverse the buy/sell buttons today (03:54 PM) ppusa: with the other markets down so much, i thought they would whack the nas a little harder, but then a review of the trend shows more sideways so I adjust my trading accordingly. Which is why I was going to buy at 1716. (03:55 PM) Buffy_04364: the 9ema never got over the 20ema all day which means I should of only been looking for sell signals (03:56 PM) Buffy_04364: once those cross then look for buy on pullback (03:56 PM) ppusa: same with all my ma's (03:56 PM) gravestonedoggie: enjoying this today? (03:56 PM) ppusa: but we just crossed up on the 1 and 5 (03:56 PM) Buffy_04364: nope just watching for the most part (03:57 PM) Buffy_04364: how about you (03:57 PM) ppusa: i'm having fun, took a nap, cleaned house (03:57 PM) gravestonedoggie: tough day for mike and T to showcase themselves (03:57 PM) Buffy_04364: how did it go in the other room (03:57 PM) Buffy_04364: sure was (03:57 PM) Buffy_04364: I have been watching the charts (03:57 PM) Buffy_04364: that they have been posted (03:57 PM) Buffy_04364: posting (03:57 PM) gravestonedoggie: just a lot of watching there too... quite a few 1st timers, i think (03:58 PM) Buffy_04364: I show a cross of the 1 and 3 but not the five (03:58 PM) Buffy_04364: hmmm something set wrong? (03:58 PM) Buffy_04364: been real quiet in here (03:58 PM) Buffy_04364: yeah, they could use some "freshman" as the seniors graduate LOL (03:59 PM) gravestonedoggie: well, range contraction leads to range expansion (03:59 PM) gravestonedoggie: yeah (04:00 PM) gravestonedoggie: this last hour jsut little traps for each side.. first the longs, then the shorts, etc (04:00 PM) Buffy_04364: ppusa - mine are set ok 9 and 20 EMA are u using simple? (04:00 PM) Buffy_04364: still don't show a cross ont eh five (04:00 PM) Buffy_04364: yep gsd :-) (04:00 PM) gravestonedoggie: no mas (04:00 PM) Buffy_04364: can't even use pa (04:01 PM) Orprepus: maybe get a bounce tomorrow - see how overnights go and also critical CSCO earning and productivity gov report (04:01 PM) gravestonedoggie: yes, and jsut clawing for fraction al moves (04:01 PM) Buffy_04364: yes I doubt if tomorrow will be quiet (04:01 PM) Buffy_04364: but you never know (04:01 PM) Buffy_04364: BB's are pretty tight on the 9M (04:01 PM) gravestonedoggie: sooner or later will open up... or else will be time to pursue other activiites (04:02 PM) Buffy_04364: LOL I can't imagine one to purseu (04:02 PM) gravestonedoggie: hehe Paltalk: Your friends are just a click away! Press the invite button NOW! (04:02 PM) ppusa: buffster, simple 3,4,9,18,50 and 200. Crossed up and hit 50, now sitting on all (04:03 PM) gravestonedoggie: apparently, this was one of the narrowest nq days of last few years (04:04 PM) Buffy_04364: oh ok ppusa - just use 9 and 20 here (04:04 PM) gravestonedoggie: well... enjoy the evening all (04:04 PM) ppusa: Did you know you can add another set to a chaart? (04:05 PM) ppusa: arf, arf (goodbye in english) (04:05 PM) Buffy_04364: oh yeah, I also have 50 but 9/20 pretty good so far (04:07 PM) ppusa: Guess what, we are closed (04:07 PM) Buffy_04364: yep time to enjoy life (04:07 PM) Buffy_04364: take care all and see you tomorrow (04:07 PM) ppusa: bye (04:08 PM) Orprepus: bye (04:08 PM) ppusa: bye all (04:18 PM) paxton_5: hi, goodday everyone? (04:18 PM) paxton_5: i was at tt kingfish room all day. (04:18 PM) dave_b_quick: how did da kingfish do today? (04:18 PM) cheetah55: hi paxton (04:19 PM) paxton_5: interesting. (04:19 PM) cheetah55: just got back here myself (04:19 PM) cheetah55: was wondering about KF also (04:19 PM) paxton_5: see (04:19 PM) paxton_5: just another day pals. (04:20 PM) dave_b_quick: i'm not much good yet on the non-trending days, gotta hang around orprepus and cheetah some more (04:20 PM) cheetah55: just another day?? (04:20 PM) paxton_5: hope to be alive to trade tomorow. (04:20 PM) paxton_5: bye pals (04:20 PM) dave_b_quick: thanks, pax (04:21 PM) cheetah55: yeah, sure...bye (04:21 PM) dave_b_quick: well, he didn't really tell us how kingfish did... (04:21 PM) cheetah55: don't think pax answer our questions about KF. (04:21 PM) cheetah55: LOL (04:21 PM) cheetah55: must be a cult over there (04:21 PM) dave_b_quick: but this wasn't kingfish's kinda day from the time i spent with him (04:22 PM) cheetah55: how did T do today? (04:22 PM) dave_b_quick: i watched him let a 8 point SP profit melt away to a 2 point loss a few times (04:22 PM) cheetah55: ouch (04:22 PM) cheetah55: black box trader ?? (04:22 PM) dave_b_quick: T got stopped out 3x at the open, once in SP and twice in NQ, then called it a day (04:23 PM) cheetah55: That room was packed (04:23 PM) rs_5: hi all (04:23 PM) dave_b_quick: kingfish's system isn't sophisticated enough to be called a black box, more like an old time tape reading system (04:23 PM) cheetah55: I find it interesting how so many traders flock to these rooms where "pros" are. she had over 100 traders there and breaks even on the day. (04:23 PM) dave_b_quick: hi, rs (04:24 PM) rs_5: hi dave :) (04:26 PM) dave_b_quick: linda raaschke room has a free class now (04:26 PM) rs_5: what is she teaching? (04:26 PM) dave_b_quick: "taking the self out of trading" (04:26 PM) dave_b_quick: http://www.mtrader.com/linda.htm (04:26 PM) rs_5: ok, thanks (04:29 PM) rs_5: is it text only? (04:29 PM) dave_b_quick: yes (04:30 PM) rs_5: okay, thanks (04:30 PM) dave_b_quick: transcript will be available this evening only (04:32 PM) Orprepus: done for the day - chat tomorrow Paltalk: Go bannerless and support PalTalk! Subscribe today! Only $9.95 a year! Click HELP on your Pal List then click 'Bannerless PalTalk'. (04:32 PM) dave_b_quick: g'nite op (04:34 PM) GGriz: Dave, u still there? (04:35 PM) dave_b_quick: ya, about 1/2 here anyway (04:35 PM) GGriz: wondering why you all use text 'stead of audio when trading? (04:36 PM) dave_b_quick: good question, just force of habit i think, from when text was the only option (04:38 PM) GGriz: K; just curious if it was policy here. And r most using ensign? or various and sundry? (04:38 PM) dave_b_quick: we can and do talk from time to time, but it seems to be second choice for most here. (04:39 PM) dave_b_quick: i'm using Ensign and some others are using TradeStation or QCharts and a few other platforms (04:40 PM) GGriz: K tnx and good evening (04:40 PM) dave_b_quick: thanks, griz, g'nite (04:43 PM) cheetah55: see ya dave (04:59 PM) paxton_5: hi dave (05:00 PM) dave_b_quick: hiya (05:00 PM) paxton_5: like to ask u some thing (05:00 PM) dave_b_quick: sure, i thot everybody was gone already (05:00 PM) paxton_5: what type of a person can be made a good trader? (05:02 PM) dave_b_quick: well, not speaking as an accomplished trader myself, but just quoting what i read... (05:02 PM) paxton_5: only your view. Paltalk: Please support our sponsors by clicking on banners. (05:03 PM) dave_b_quick: someone who's persistent, likes to learn, aggressive when it's reasonable to be so, patient, independent (05:03 PM) dave_b_quick: disciplined (05:03 PM) dave_b_quick: organized (05:04 PM) dave_b_quick: self-confident (05:04 PM) paxton_5: agree w/ u (05:05 PM) dave_b_quick: are you there yet? (05:05 PM) paxton_5: on the way i believe (05:07 PM) paxton_5: i feel that self-confident is the most inportant one in my opinion (05:07 PM) paxton_5: thks dave for the 'reminder'!! (05:07 PM) dave_b_quick: ya, you wouldn't even try to get into trading w/out that (05:08 PM) paxton_5: right pal. and thanks, bye! (05:08 PM) dave_b_quick: thanks to you. g'nite (05:10 PM) dave_b_quick: good night all.