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ppusa: are we back up?
gravestonedoggie: yes
4nq: Mornin all
cctraderx: morning
Buffy_04364: morning all had to reboot
Owlee123: anyone trading?
Buffy_04364: in a short now
dave_b_quick: me 2
Owlee123: hi buffy- good luck
4nq: me 3
Buffy_04364: to all owlee
leont_2_1: retro activated yet?
Owlee123: yes
dave_b_quick: yup, short 1537.50
leont_2_1: ok 
ppusa: I haven't yet seen this market turn on a dime but we are over sold
dave_b_quick: posted grim looking NDX daily chart
4nq: covered shorts
4nq: flat
Buffy_04364: out alos
4nq: 5 high Buffy!
ppusa: premarket we could not get above yesterday's low
ppusa: if we do get above 70 area,  they will go for the HOD
ppusa: right now I don't know that that is a concern.
ppusa: intraday high 57
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jimbo_320: morning all
4nq: i love the smell of napalm in the morning!
jimbo_320: has anyone heard about the new daytraders pattern rule?
Owlee123: whats that?
ppusa: PnF possible 75 point reversal. Meaning I wouldn't be surprised if they go for the HOD. 
dave_b_quick: ya, jimbo, something about 3 daytrades in 5 days means you have to have $25k margin (for stocks only).  
ppusa: just don't know when
jimbo_320: i've heard if you dont have 25,000 $ equity in your account, you cannot daytrade stocks on nyse and naqdaq
dave_b_quick: ya, they just posted info at the IB site about it
larrypt: margin acc , you can't short 
dave_b_quick: should mean lots more index futures traders soon
jimbo_320: no apparantly cash account are affected as well
jimbo_320: if you buy and sell more than 5 round trips a week, you are classed as a daytrader and require 25,000$ equity in your account
jimbo_320: total load of bollocks
cctraderx: just so that they can hurt the little guys
jimbo_320: guess its time to short datek, etrade, and all the others
cctraderx: LOL
jimbo_320: what dick thought up that rule
cctraderx: dick grasso?  hehehe
wlevicki: prolly the beging of how they will blame retail for market drop
jimbo_320: anyone lend me 20,000$ :-)
cctraderx: me too :-)
bobp_3: dave_bq: is retro now long 44?
dave_b_quick: i gave somebody 20k to trade for me once, only got $500 back.  VP at Kidder Peabody too.
dave_b_quick: No, bob, still looking at short side until/unless 5m puts in a higher low
bobp_3: dave:...Okay, thanks...
dave_stewart: xlnx
hanksterr: Dave, shouldn't you be stopped out at 42.50 on 5 min
dave_b_quick: ya, first trade was a dud
hanksterr: okay thanks
dave_b_quick: there's the 5m higher low
ppusa: going for intraday high of 57.5
ppusa: obot here
ppusa: don't know which PnF's will reverse next
elly_34: anyone use qcharts?
ppusa: rest here and then I think we go for high.
gravestonedoggie: yes on qcharts
ppusa: no idea.
ppusa: my first few PnF's reversed enough to where I am neutral from oversold
bobp_3: ppusa: When you spoke of a 75 point PnF reversal earlier, was that the equivalent of 7.50 NQ points?
elly_34: is it alright for you today? mine is awful, keeps stopping
ppusa: no 75 points
leont_2_1: dave where's retro?
gravestonedoggie: i am using a sterling server and a boston server, and both rock soolid so far
dave_b_quick: retro close to 2nd stopout
leont_2_1: thanks
ppusa: in order for a 75 point reversal to occur from here, we would have to take out the high and then go either way ?
QSuzy: dave....where would retro have entered long?
dave_b_quick: breakout of 15m bar after 5m 1-2-3 reversal, 1552.50, but it wasn't a very good entry point at the top of an upbar
gravestonedoggie: elly, try ctl-alt-n to switch server... try to get to another server
dave_b_quick: if this aw a lower high, we're in a triangle
jimbo_320: vol spike at 1550
ppusa: an alternative to this is today's high is in, we go lower maybe for a day or two and then get a bounce from somewhere lower. This bounce would be the equivalent of having a high for the day higher than the previous day.
dave_b_quick: sounds likely, pusa
ppusa: which today HOD or tomorrow or?
leont_2_1: dave this triangle has bearish or bullish implications?
4nq: nice action for a 26 point range
leont_2_1: looks bearish to me
dave_b_quick: good question, leon.  It's in a downtrend, so favor downside breakout maybe.  any other opinions?
4nq: bidding 36 to cover
leont_2_1: no will keep asking unless you mind
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QSuzy: dave.....I guess according to Dunnigan those two outside 5 min bars would not have qualified to put you in a downswing thereby disqualifying that "higher low".....but let me not nitpick....just watching your system... :)
gravestonedoggie: gapped under support this morning and then fell into range since... breakout of that range may see followthru
gravestonedoggie: so could key off of theat breakout
dave_b_quick: ya, suzy, wasn't much of a higher low
Daniel X: chop chop chop
jimbo_320: yep yep yep
Daniel X: How did retro do Dave  -5?
dave_b_quick: x2
Daniel X: thnx
dave_b_quick: suzy, yr comments are valuable in trying to refine retro and trying to trade it
hanksterr: Dave, retro in short at 1536.50
jimbo_320: es crashes through 1170
4nq: got the 36
ppusa: At this point I would say if we get a clear turn up after a retest off of whatever low, ride the trade for 50 to 75 points. Not just a scalp. In the meantime the trend is your friend.
QSuzy: thanks dave.....I am ever the student but not much of a practitioner, I fear....
Buffy_04364: dsl went down
dave_b_quick: hank, i keyed it off the low of the 15m upbar at 1539
gravestonedoggie: es breaks early range but nq does not
dave_b_quick: we missed you buffy
Buffy_04364: dsl went down
hanksterr: okay thanks
Daniel X: PPUSA what trend?!
gravestonedoggie: sp tested lows of last couple of weeks right on the nose
ppusa: down
jimbo_320: could be 2B
ppusa: sideways chop
Daniel X: intraday not really
gravestonedoggie: nq not confirming is important
ppusa: gsd that usually means it will get taken out
ppusa: low on S&P
gravestonedoggie: es R at earlier low around 7150
jimbo_320: did retro get short at open?
ppusa: I want to fill the gap on the open and then be down again tomorrow.
Daniel X: Dave Retro is not allowed to take any more trades untill a trend developes
leont_2_1: i think retro is working better in the es today dave 
gravestonedoggie: need nq to kick in if going to fall further
dave_b_quick: ya, jimbo, stopped out 2x
Just Awesome: go short in NWS
Daniel X: Retro was short @ 37.50
beanman_1: fyi, posted updated 15min pyra chart from yesterday..
cctraderx: what's nws
gravestonedoggie: news corp
gravestonedoggie: sp jsut touched 7/23 low and bounced
cctraderx:  ok, thanks
dave_b_quick: after 2 losses retro stands aside 'til  out of chop zone
ppusa: I am still holding my longs and not to worried.
dave_b_quick: from where, pusa?
cctraderx: where are you long from ppusa?
ppusa: yesterday
Daniel X: ouch
ppusa: 80 and 90
gravestonedoggie: sp inside 5 min bar off low... could trade off that bar
cctraderx: so you didn't sell - wow
Daniel X: only you know!
ppusa: I have done a few trades today.
ppusa: Basically went from a day trader to a position trader.
cctraderx: I did that last week with es - ouch
cctraderx: investor - lol
ppusa: yea
ppusa: definition of a losing trade "long term"
cctraderx: but I also think mkt is due for pop - down 8 of 9 or 10 days
dave_b_quick: you don't use a stop loss, ppusa?
cctraderx: now I'm really laughing out loud on that definition
ppusa: I think market will go into a whole new trading range down here
Daniel X: well if this is the low that the Moon cycles showed  expect a bounce
jimbo_320: anyone tried using retro on 3 or 5 min timeframes?
ppusa: usually not a stop Dave
ppusa: there is no way we go through yesterday's high today so ESPECIALLY early, if we fill the gap I am a seller.
dave_b_quick: would be interesting to try different TF,s jimbo
Daniel X: Jimbo i've Retoed on 9/3 works well in chop
ppusa: If we don't fill the gap I have a "long term position"
Buffy_04364: ok now things all fixed an maybe we can get back into this
4nq: fat lady singing early today???
dave_b_quick: fat lady sings when it's all over?
ppusa: nice triangle
4nq: margin calls
dave_b_quick: ouch
Buffy_04364: tis could be a flag ?
jimbo_320: 1550 break could find buyers, 4,200 /3 min contracts traded on es at 1169, very heavy volume
cctraderx: bear or bull flag, buffy?
jimbo_320: see if we can bounce of it again on lighter volume
elly_34: dave, was howard going to backtest retro?
Buffy_04364: bear
Buffy_04364: rising in a downtrend
4nq: short again
4nq: 44 b/e stp
gravestonedoggie: not the smoothest price action here
cctraderx: no it's not
gravestonedoggie: chasing butterflies
Buffy_04364: posted 2m with it marked
cctraderx: has anyone seen this market depth thing on IB - it's a mini level 2 5 layers deep
Daniel X: PPUSA now you know if PnF shows chop...it's strong chop!LOL
jimbo_320: wheres that cc?
cctraderx: on IB....
gravestonedoggie: dow still in its narrowing  month old triangle
jimbo_320: where?
cctraderx: click on the symbol and righ click and market depth will be the 2nd menu item
gravestonedoggie: where on ib, is the question
gravestonedoggie: no kidding
ppusa: The last few days, markets put in the HOD and sold off. Nice orderly decent. Even the weekly acted well this week. Opened, put in a high and selliing off. With this gap, the market is getting ahead of itself a bit. I would expect several days of chop, regardless of what transpires today.
cctraderx: stumbled across it this morning by mistake.
Buffy_04364: also a 75T
Daniel X: ELLY 34 Howard is going to "try"and program retro for back testing
cctraderx: did you get it GSD?
jimbo_320: cc sweet....
cctraderx: yep
cctraderx: can help with understanding where to place orders and limits
Buffy_04364: I didn't realize it included that Daniel - thought he was going to do the system
cctraderx: especially when scalping
Daniel X: so the Moon thing was on in saying today the low would be pit in ...so I figured we'll get basing foer a few
jimbo_320: level 2 minis for free
gravestonedoggie: i am using tws 3.. does not work there
Daniel X: Buufy huh?
cctraderx: and you dont have to load up another browser
ppusa: You know Dam, that's a point. There are times when PnF suggests a break from consolidation, a trend and larger price swing chop.I thnk this is the latter.
Daniel X: Buffy huh?
cctraderx: gsd, they are going to turn off tws3 soon so you may want to get used to 4
4nq: nq vol dropped to zip
gravestonedoggie: question is, is it of any real use for trading, or jsut another distraction (the market depth)
(10:59 AM) 4nq: had nice a/m.......cya all later
(10:59 AM) cctraderx: at least that's the email I read except for futures and options
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(10:59 AM) Buffy_04364: bye nq
(10:59 AM) Daniel X: Triangle forming on PnF also
(10:59 AM) gravestonedoggie: yeah, they will turn off tws 3, but i will use it to the bitter end
(11:00 AM) Daniel X: Buffy i didn't understand your comment
(11:00 AM) Buffy_04364: your comment on howard programing retro for back testing
(11:00 AM) Daniel X: oh ok
(11:00 AM) gravestonedoggie: i have used 4, know how to sue it.. but will use tws 3 to the last minute
(11:00 AM) Buffy_04364: posted #LB in 3 TF
(11:00 AM) Buffy_04364: 3LB
(11:00 AM) Daniel X: what a bout it?
(11:00 AM) gravestonedoggie: i will also convert to options account to extend my use
(11:00 AM) jimbo_320: sometimes good for confirming key resistance levels, where someone offers 200+ contracts, usually thats the smart money
(11:01 AM) Buffy_04364: I didn't realize he was going to program backtest just thought the system
(11:01 AM) Daniel X: that's the hard part ..back testing setup would be easy!
(11:01 AM) Daniel X: once system is in
(11:02 AM) Daniel X: 4NQ had enough yet?!!
(11:03 AM) Daniel X: oh ur leaving ok
(11:03 AM) ppusa: Orp, you there?
(11:05 AM) Daniel X: Retro gone fishin with ORP i guess.
(11:06 AM) Daniel X: i hate the sneaky sideways up grind
(11:06 AM) Daniel X: they don't want to attract too much attention
(11:06 AM) Buffy_04364: still all within the flag I drew
(11:06 AM) ppusa: oh say can you seeee.
(11:06 AM) Daniel X: let's have a looksee
(11:06 AM) Buffy_04364: so don't trust it to do anything
(11:06 AM) Buffy_04364: LOL
(11:07 AM) Daniel X: lol
(11:07 AM) Buffy_04364: just posted updated 2M
(11:08 AM) Daniel X: thnx
(11:09 AM) ppusa: CNBC says put/call ratio high indicates oversold. 
(11:09 AM) ppusa: not that i care
(11:09 AM) Daniel X:  PPUSA 52 PnF triple bypass thing a majig
(11:09 AM) ppusa: WHAT
(11:09 AM) Daniel X: 3 min
(11:09 AM) Buffy_04364: hmmm we know what it means when cnbc says something - Do the opposite!  LOL
(11:09 AM) Daniel X: triple top break @ 52
(11:10 AM) Buffy_04364: alos posted update 3lb rev 2
(11:10 AM) ppusa: I think if we take our heads out of our charts here, we either fill the gap or don't.
(11:11 AM) Buffy_04364: true ppusa 
(11:12 AM) Buffy_04364: but....charts talk so if you don't mind I will keep mine in
(11:12 AM) Buffy_04364: :-)
(11:12 AM) ppusa: me too
(11:12 AM) Buffy_04364: remember too bottomof window is major resistance
(11:13 AM) Buffy_04364: this is encouraging higher low
(11:13 AM) Buffy_04364: RSI is also going up
(11:13 AM) Buffy_04364: time will tell
(11:13 AM) ppusa: but I feel the charts are neutral here.
(11:14 AM) Buffy_04364: true - just listing things out to be aware of
(11:14 AM) Buffy_04364: is PnF neutral also?
(11:14 AM) Daniel X: yes
(11:14 AM) Buffy_04364: maybe we are in the Fed doldrums
(11:14 AM) ppusa: yes
(11:15 AM) Buffy_04364: didn't make higher high on 75T and took out the higher low
(11:15 AM) Buffy_04364: all we can do is watch for clue cards as to what "might" happen
(11:15 AM) ppusa: my interpretation of PnF here is buy a new low
(11:15 AM) Buffy_04364: tks ppusa
(11:15 AM) Daniel X: 38 or 51.50
(11:15 AM) Daniel X: on 5minmin PnF
(11:15 AM) Buffy_04364: we have a time line coming up in pyra
(11:16 AM) Daniel X: now i'm studdering
(11:16 AM) Orprepus: had nice nap
(11:16 AM) Buffy_04364: LOL
(11:16 AM) Buffy_04364: support on pyra too
(11:16 AM) ppusa: was wondering what u r doing
(11:17 AM) Orprepus: I have resistance on a 16M PP
(11:17 AM) Buffy_04364: posted 4m pyra
(11:17 AM) Daniel X: i've got 1550 as pivot point 1rst support so now it'sresistance
(11:18 AM) Buffy_04364: someone should hold a class on patience for times like this and yesterday  :-)
(11:19 AM) leont_2_1: looks like retro is getting ready at1550 am i right?
(11:19 AM) Daniel X: whenevr price action is this slow my data cuts out ..i guess it has a buffer automatically set to let you know that you shouldn't be trading!
(11:19 AM) gravestonedoggie: a class for mental patients
(11:19 AM) Buffy_04364: LOL daniel - nice feature
(11:20 AM) Daniel X: no Retro is lokking @  1552.50 if at all
(11:21 AM) leont_2_1: 1540 shortcorrect?
(11:21 AM) ppusa: nap
(11:21 AM) Daniel X: yes
(11:22 AM) Buffy_04364: gotthe poke bar on the flag
(11:22 AM) Daniel X: ur getting sleepy..why?
(11:22 AM) leont_2_1: thanks daniel
(11:22 AM) Daniel X: wlcm
(11:22 AM) ppusa: because we couldn't get through 54
(11:22 AM) ppusa: sleepy
(11:23 AM) Buffy_04364: sure is slow today
(11:23 AM) Daniel X: that club has been closed for years!
(11:23 AM) gravestonedoggie: sure is
(11:24 AM) Daniel X: back in 15 mins
(11:24 AM) wlevicki: buffy could you do anohter 2 min chart if possible, mine seem different, if mine is i will post mine
(11:26 AM) beanman_1: Posted another update to pyra 15 min chart for this afternon...show current resistance
(11:26 AM) Stocon: Isgunner here?
(11:27 AM) Orprepus: nice charts Bman
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(11:29 AM) Tom_B: what is the chart address please ?
(11:29 AM) cctraderx: gunner was here early
(11:29 AM) cctraderx: www.dacharts_dachart_dacharts_dachart.com
(11:30 AM) Stocon: Is still the man??
(11:30 AM) Tom_B: tnx
(11:30 AM) Buffy_04364: will do wlevicki
(11:30 AM) Daniel X: Retro be da man now
(11:30 AM) Buffy_04364: done
(11:31 AM) cctraderx: ?? what do you mean stocon?
(11:31 AM) Stocon: He must be good Gunner'sthe best I've seen. Gunner a great trader.
(11:31 AM) wlevicki: buffy thnxs  i put mine up   looks diff
(11:32 AM) cctraderx: he hasn't been here much, just a few days summer vacation.  yes, he is a good trader
(11:32 AM) Buffy_04364: yes it does - you have esignal too
(11:32 AM) Daniel X: go to www.dacharts_dachart_dacharts_dachart.com click on charts and click todays date and then on 15 min retro trader
(11:33 AM) Stocon: How about Yoda??
(11:33 AM) Daniel X: back in 2 mins
(11:33 AM) gravestonedoggie: stocon, not that gunner is any less of a trader, just the method this room originated around
(11:33 AM) gravestonedoggie: 9retro)
(11:33 AM) gravestonedoggie: (retro)
(11:34 AM) Buffy_04364: looks like it is mine - from when the dsl down
(11:34 AM) Stocon: Still the 20ma and 2bs??
(11:34 AM) Buffy_04364: thanks for the catch!
(11:34 AM) wlevicki: thats what i thought, figured better tell you so you dont trade wrong signals
(11:34 AM) wlevicki: ulness others have the same as you then it is me :)
(11:35 AM) Orprepus: what chart - I'll check 
(11:35 AM) wlevicki: 2 min NQ
(11:35 AM) Orprepus: ok will look
(11:36 AM) wlevicki: sorry buffy yes esignal also i have
(11:36 AM) Orprepus: wlevicki - I match you - will post
(11:36 AM) wlevicki: :)
(11:37 AM) Orprepus: posted
(11:39 AM) Orprepus: buffy charts looks the same 2m7
(11:39 AM) Buffy_04364: nice catch glad someone was looking at the charts - should of known when the dsl went down
(11:39 AM) Buffy_04364: looks like yours now
(11:40 AM) wlevicki: yea my 1st contribution, watch out now LOL
(11:41 AM) Orprepus: BB getting real tight 2M
(11:42 AM) Buffy_04364: LOL
(11:43 AM) Tom_B: nq target this am,  1533-36 Combo of fib's..doesn't mean anything xcept might rotate up & then go for test later or ???
(11:44 AM) Tom_B: sp was 1170-72
(11:45 AM) jimbo_320: pattern rule, i have posted a chart to http://www.dacharts_dachart_dacharts_dachart.com/charts/2001-08-16/jimbo1.gif - not good reading i'm afraid
(11:45 AM) Tom_B: doesn't wrk as gd with sp
(11:48 AM) Orprepus: beside Apr lows you have to go back to Nov 98 to find any bar that might be support
(11:48 AM) Buffy_04364: interesting Jimbo
(11:49 AM) Tom_B: i trade nq but watch es & cash & spread bet es/nq.. since i don't know what you r doing i'll "listen' & hope to pick something up..
(11:52 AM) Daniel X: market closed for the day!
(11:53 AM) Daniel X: 2 point range
(11:53 AM) cctraderx: LOL
(11:53 AM) Orprepus: jimbo - thxs for the note - if NASDAQ traders move to futures - it might happen to fufures also
(11:53 AM) wlevicki: Nice, so SEC says if you have more money to trade you are smarter and wont fail
(11:54 AM) wlevicki: unreal
(11:54 AM) Daniel X: 2 point range since 11:25  incredible!!!!
(11:54 AM) Orprepus: retro - is cleaning up on this
(11:55 AM) dave_b_quick: LOL
(11:55 AM) dave_b_quick: cleaning out the garage, more likely
(11:55 AM) Orprepus: retro moves down to 13tick and 75 tick
(11:55 AM) Daniel X: ditto dave
(11:55 AM) Orprepus: to get some trade signals
(11:55 AM) cctraderx: LOL
(11:56 AM) cctraderx: what triangles on 15 m es and nq
(11:56 AM) Daniel X: just try and put a limit order on each side of the last 15 min bar ....I dare you!
(11:56 AM) jimbo_320: ai'll have to work on my futures trading a bit more
(11:56 AM) Daniel X: betcha they take it!
(11:57 AM) jimbo_320: maybe they want to reduce the volatity a little
(11:57 AM) jimbo_320: get joe public back into the market with confidence, now all those dodgy day traders are kicked out
(11:57 AM) Orprepus: does anyone read comstock
(11:57 AM) Daniel X: uh guys when di\o we switch contract months?
(11:57 AM) Tom_B: do u guys trade a rule based system or ?
(11:57 AM) Daniel X:  this does'nt make sense
(11:58 AM) dave_b_quick: lotta different styles represented here.
(11:58 AM) cctraderx: well, they would have taken the buy stop on the triangle
(11:59 AM) dave_b_quick: Tom, I'm experimenting with a rule-based system posted at www.dacharts_dachart_dacharts_dachart.com under the "Retro-Trader" link
(11:59 AM) Daniel X: break out break out!!!
(11:59 AM) Tom_B: looks like it's time for some buystps
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(12:00 PM) Tom_B: i'll hve a look, is it disclosed ?
(12:00 PM) dave_b_quick: yup
(12:00 PM) Tom_B: tnx
(12:01 PM) Daniel X: contracts switch when Dave?
(12:01 PM) dave_b_quick: dono, dan, usually catches me by surprise
(12:01 PM) boots1_2: 7th
(12:01 PM) dave_b_quick: thanks, boots
(12:01 PM) Daniel X: last time i saw this type of action i was in the wrong month
(12:01 PM) boots1_2: when most traders move
(12:01 PM) Daniel X: the 7th?  thnx
(12:02 PM) Tom_B: i'm into ELL wve, ma's & fib.. projections...fibs are esp good for targets, esp at confluence..
(12:02 PM) gravestonedoggie: was economic number hit there
(12:02 PM) Tom_B: This thing looks a bit ugly
(12:04 PM) Tom_B: es supp 1170
(12:04 PM) Tom_B: .25
(12:05 PM) Tom_B: nq 1535-6
(12:05 PM) gravestonedoggie: market waitied on that number
(12:06 PM) Daniel X: fake out break out stop cleaning  i think the floor is ganging up
(12:06 PM) gravestonedoggie: sp low test
(12:06 PM) Daniel X: they're playing around
(12:07 PM) gravestonedoggie: once more nq will not go with sp
(12:07 PM) Tom_B: strange
(12:07 PM) Daniel X: here it goes
(12:08 PM) Daniel X: not for me no touchy
(12:08 PM) Tom_B: $nya made new lo, NDX didn't
(12:10 PM) Tom_B: nya cash new lo, fut didn't...yet ? moment of truth
(12:13 PM) Tom_B: fuel for the shrt squeeze ?
(12:18 PM) jimbo_320: theres the second lower volume bounce, lets see if we can hold it
(12:18 PM) jimbo_320: on es
(12:20 PM) Tom_B: it's like the mkt is looing ovr the Grand Canyon
(12:20 PM) Orprepus: if spx (cash) takes out 1165.54 the low of 7/24 - we could pick up speed to apr lows
(12:20 PM) Daniel X: well we have a 26 point range pack it up go home...i wonder if the pits are empty
(12:20 PM) Buffy_04364: acting like something is
(12:21 PM) Daniel X: walking a highwire over the Grnd Canyon
(12:21 PM) jimbo_320: whats the symbol for the spx cash?
(12:21 PM) Orprepus: spx - esignal
(12:22 PM) Orprepus: oops $PSX
(12:22 PM) Orprepus: oops $SPX
(12:22 PM) gravestonedoggie: absence of followthru
(12:22 PM) Tom_B: I watch $nya, all nyse 2000 stocks
(12:22 PM) Tom_B: broader view
(12:23 PM) Daniel X: how is T-Lo's gang doing today?
(12:23 PM) 2Devs: What about closing the gap at 1164.20?  That might be a possible stop point
(12:23 PM) ppusa: Yawn, if I missed anything it was the chat.
(12:23 PM) Tom_B: this thing doesn't know if it's coming or going
(12:23 PM) Orprepus: try to watch what insitutions trade - movers of the market IMHO
(12:24 PM) Tom_B: TL, anytrades this am ?
(12:24 PM) Orprepus: ppusa quick call your broker again -check status
(12:24 PM) ppusa: no $, transferred to who?
(12:24 PM) Orprepus: dan-x
(12:24 PM) ppusa: DamielX
(12:25 PM) Daniel X: when i clap my hands.....
(12:25 PM) Tom_B: any vol in here /
(12:25 PM) Daniel X: tish tish
(12:25 PM) ppusa: i have a nic name for Dam
(12:25 PM) Daniel X: whats that
(12:26 PM) ppusa: duh
(12:26 PM) ppusa: no no, that wasn't it
(12:26 PM) Orprepus: as in flori duh
(12:26 PM) ppusa: it's Dam
(12:26 PM) Daniel X: lol
(12:27 PM) ppusa: u know everytime the nas makes a new low, people buy it and run it back up
(12:27 PM) ppusa: what if
(12:27 PM) Daniel X: yes
(12:28 PM) ppusa: this time they did the same thing.
(12:28 PM) Daniel X: listenning
(12:28 PM) ppusa: Like if they were going to fill the gap it would have been done
(12:28 PM) Daniel X: so close to 1900 i duuno
(12:29 PM) ppusa: meaning if they fill it late, would the 200 point PnF kick in?
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(12:29 PM) ppusa: CNBC is singing the blues so pathetically, i sent them flowers
(12:30 PM) jimbo_320: what cash val now?
(12:31 PM) Daniel X: Point and Predict USA  your nick name.
(12:32 PM) Tom_B: my cluster which was hit is pretty good on the dwn...fill the gap is really possible, imho
(12:32 PM) Daniel X: actually just Point N Predict
(12:32 PM) ppusa: good one dan
(12:32 PM) ppusa: point and p...
(12:32 PM) Daniel X: i though that but this room is "g" rated
(12:33 PM) Daniel X: lol
(12:34 PM) ppusa: regardless, I don't want to be faced with a possible long time low without at least considering it in something other than hindsight.
(12:34 PM) Orprepus: late breakfast break today - stop in no problem
(12:35 PM) ppusa: bandaid
(12:35 PM) ppusa: i got 90 points
(12:36 PM) beanman_1: fyi, we are at the end of square TL in both SP and NQ on the 15min....in pyra
(12:36 PM) Daniel X: ???lost yah
(12:36 PM) ppusa: all against me
(12:36 PM) jimbo_320: out es long scalp +2
(12:36 PM) Daniel X: ok gotcha
(12:37 PM) Daniel X: the most i ever let it go against me was 100 points ..cut it loose when charts told me we where going to go the other way next day right through my entry
(12:38 PM) Buffy_04364: testing bottom of triangle now
(12:38 PM) jimbo_320: 72 has plenty of sellers
(12:38 PM) Buffy_04364: brb
(12:38 PM) ppusa: 30 minute chart has a nice potential bottom formation.
(12:38 PM) jimbo_320: 69.5 plenty of buyers
(12:39 PM) Daniel X: that's what u said yesterday rihgt before we tanked!!
(12:39 PM) Daniel X: nice rounded bottom
(12:39 PM) ppusa: Dan, aren't you saying it came back to your entry?
(12:39 PM) Daniel X: yes into profit!
(12:40 PM) ppusa: but then you got out
(12:40 PM) Daniel X: no got out at a loss of 100 points...DAM
(12:41 PM) Tom_B: es needs some fuel in the tank, nq looks better
(12:41 PM) Daniel X: no more investing
(12:41 PM) ppusa: Oh.. I will exit this at even so I can do the same
(12:41 PM) ppusa: the 30 min does look good but I wouldn't buy it
(12:42 PM) ppusa: buy nothing until we turn up
(12:42 PM) jimbo_320: 1545 top of days tl on nq
(12:42 PM) Tom_B: right, pioneers get scalped
(12:42 PM) Daniel X: PnF 5 min has 8 tops in a row
(12:43 PM) Daniel X: a double quadruple top buy?
(12:43 PM) ppusa: what box
(12:43 PM) Daniel X: 1/3
(12:43 PM) Daniel X: all @ 48 to 50
(12:44 PM) Daniel X: sorry 1 and 3 rev
(12:44 PM) ppusa: I count 5
(12:44 PM) Buffy_04364: 12M9 shows retest
(12:44 PM) Tom_B: es 1/2 hr close ovr 1172 wud be good news for retra
(12:44 PM) Buffy_04364: posted
(12:44 PM) ppusa: but depends what you are counting..no big deal
(12:44 PM) Buffy_04364: so if it goes below the low of that bar..............
(12:45 PM) jimbo_320: something should happen very soon
(12:45 PM) Buffy_04364: yes
(12:45 PM) Daniel X: why  Jimbo?
(12:45 PM) Daniel X: gut?
(12:45 PM) Buffy_04364: just have to wait for the market to tell us what
(12:46 PM) Daniel X: back in 10 mins
(12:46 PM) Buffy_04364: T's teaching would be my answer to you Daniel
(12:46 PM) jimbo_320: volume
(12:46 PM) Daniel X: on what Buffy   Jimbo's comment
(12:46 PM) dave_b_quick: back at apex support/resistance from the morning triangle, can't stay here... Can it?
(12:46 PM) Daniel X: ?
(12:46 PM) Buffy_04364: yes and why I am looking for somethng now
(12:47 PM) Buffy_04364: shouldn't
(12:47 PM) jimbo_320: there is none
(12:47 PM) Daniel X: i was joking
(12:47 PM) jimbo_320: spike up and then sell off
(12:47 PM) ppusa: The only thing I see different from this morning is the longer we go sideways, the more longer we will stay at what ever level we go to. Meaning if we go up, I no longer think we will come back down.
(12:47 PM) jimbo_320: at a guess
(12:47 PM) Buffy_04364: has to go back into the triangle and out otherside or down
(12:47 PM) Buffy_04364: agree Jimbo - coiling up for somethng
(12:47 PM) Buffy_04364: or the feds doldrum as T puts it
(12:49 PM) Tom_B: cash starting to improve a little in nya
(12:49 PM) Buffy_04364: tks
(12:49 PM) Tom_B: es + 1172
(12:49 PM) Buffy_04364: now, my pyra is coming to a time line
(12:50 PM) Buffy_04364: not that I reset it right after filling in the data but.............
(12:50 PM) Daniel X: that's the great thing with PnF it takes suply and demand and prints it so if volume picks up and brings up up a little but not long enough PnF won't print it and it would have been a fake out
(12:50 PM) Buffy_04364: yep 3LB does that too
(12:51 PM) Daniel X: ok here come the comments
(12:51 PM) Buffy_04364: anyone come up with any other situations we should be ready for?
(12:51 PM) Daniel X: lol
(12:51 PM) Buffy_04364: giggle
(12:51 PM) Daniel X: Point n Predict how about you?
(12:52 PM) ppusa: the only thing that changed here is the time
(12:52 PM) bigrexxx: dollar futs back over 113 barely
(12:52 PM) Buffy_04364: LOL so true ppusa
(12:52 PM) Buffy_04364: where is the tick?
(12:52 PM) Buffy_04364: and trin?
(12:52 PM) Buffy_04364: they sometimes give clues
(12:53 PM) Daniel X: trin 1.00 tick 545
(12:53 PM) jimbo_320: hope that wasnt all the spike up we could get :-)
(12:53 PM) Daniel X: hey wait a second ..can someone confirm that?
(12:54 PM) gravestonedoggie: nyse trin is 1.88
(12:54 PM) jimbo_320: nyse tick 237 topped at 400
(12:54 PM) bigrexxx: hehe trin is 1.91     nastrin 3.51
(12:54 PM) gravestonedoggie: tick 237
(12:54 PM) Buffy_04364: thanks daniel
(12:54 PM) Buffy_04364: that is high isn't it bigrexx
(12:55 PM) Buffy_04364: tks all
(12:55 PM) Daniel X: aaahhh man mine's frozen...they must have changed the symbols on me...be right back.
(12:56 PM) Buffy_04364: doesn't sound like too many clues there
(12:56 PM) bigrexxx: yes could have a short squeeze bounce anytime but risk higher on long side
(12:56 PM) Buffy_04364: except that naz trin strikes me as high
(12:56 PM) bigrexxx: nas trin opened >6
(12:56 PM) Buffy_04364: ahhh, ok tks bigrexx
(12:56 PM) Buffy_04364: inside bar on 12M
(12:56 PM) gravestonedoggie: trend of trin more significant thant the value
(12:56 PM) Buffy_04364: and 3 of them on 5M
(12:56 PM) bigrexxx: dell hwp report after close prob big boys will wait and see if they pull a cien on either
(12:56 PM) Buffy_04364: forgot about that - you could be right
(12:57 PM) Buffy_04364: dell needs to beat or meet
(12:57 PM) bigrexxx: dollar futs so ugly tomorrow if shorts cover into weekend there be easier on long side
(12:57 PM) Buffy_04364: their computers have been on QVC quite a bit lately
(12:57 PM) Tom_B: es still not looking right..nq better per spread
(12:57 PM) Buffy_04364: yep same here too with the nq I would think
(12:58 PM) Daniel X: uh oh crash reboot time....back in a sec
(12:58 PM) Buffy_04364: k
(12:58 PM) bigrexxx: bond futs +13/32 on uptick to 104-11
(12:58 PM) Daniel X: good to have 2 comps
(12:59 PM) Buffy_04364: sure is
(12:59 PM) Buffy_04364: thinking seriously of adding a 3rd
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(12:59 PM) Daniel X: do u separate ur Best from ur charts?
(12:59 PM) Buffy_04364: so Jimbo, per your post of that conversation - all accounts are going to have to have 25G or be restricted to number of trades?
(01:00 PM) Buffy_04364: yes I do daniel
(01:00 PM) Daniel X: good
(01:00 PM) Buffy_04364: but have it on both computers
(01:00 PM) Buffy_04364: just in case
(01:00 PM) Daniel X: relly...no down time i see
(01:00 PM) jimbo_320: yep, to compete with the big boys you need 25,000$ no way round
(01:00 PM) Buffy_04364: like I said just in case
(01:01 PM) Buffy_04364: just for stocks or futures also?
(01:01 PM) Buffy_04364: sorry should of read it again
(01:01 PM) jimbo_320: stocks only
(01:01 PM) Tom_B: es looks like a shrt here ??????
(01:01 PM) Tom_B: nq doesn't ??
(01:01 PM) Daniel X: yes but's thats if you want to buy on margin 
(01:01 PM) jimbo_320: you can trade futures, derivatives, options, but low risk stocks forget about it !
(01:02 PM) Buffy_04364: oh ok so my son's cash account won't be effected then
(01:02 PM) Daniel X: no
(01:02 PM) Buffy_04364: he will be glad to hear that
(01:02 PM) jimbo_320: dan, no cash is the same
(01:02 PM) Buffy_04364: thanks
(01:02 PM) jimbo_320: you can only make 3 trades in 5 working days if you have less than 25,000$
(01:02 PM) Buffy_04364: still waiting for it to do something off of the test bar on 12M
(01:02 PM) Daniel X: what? they said that to trade on margin you're going to need 25 k
(01:03 PM) Daniel X: that way they eliminate some of the volotility
(01:03 PM) Daniel X: actually alot of it
(01:03 PM) Buffy_04364: yep going to make stock trading harder
(01:03 PM) Buffy_04364: for sure
(01:03 PM) jimbo_320: no, to trade more than 3 times a week you need 25,000$, read my post jimbo1.gif on dacharts_dachart_dacharts_dachart
(01:04 PM) Buffy_04364: still should reduce some of the volitility jimbo don't you think?
(01:04 PM) Daniel X: checking..but my recollection was fro when they first announced thr rule back in March ..might have adjusted things
(01:05 PM) jimbo_320: i disagree, the big boys who trade 1000s of shares will be unaffected, me who trades intrday postions of only a couple of hundred dont really affect the market that much
(01:06 PM) gravestonedoggie: i suspect volaitility less the issue than the reputaion and legal issues arising from poorly capitalized traders who get blown out
(01:06 PM) jimbo_320: ithe feeling is the boys who are prepared to risk 25,000$ must be better traders
(01:06 PM) gravestonedoggie: it is a pr and liability move
(01:07 PM) Daniel X: what are you kidding me! last year it was the hoard of small guys like us who caused the markets to swing 100 points in a day!!!
(01:07 PM) jimbo_320: due to the fact that greedy brokers advertised to people who knew nothing about trading, lost their money and sued them, so they killed it for everyone
(01:07 PM) Daniel X: hoards upon hoarsd
(01:07 PM) gravestonedoggie: has nothing to do with who is better trader... it is issues that arise around poorly capitalized tradrs blowing out or getting 'fleeced'
(01:07 PM) Daniel X: ditto
(01:07 PM) gravestonedoggie: yes, jmbo
(01:08 PM) jimbo_320: expect the futures market to get more volatile :-)
(01:09 PM) Tom_B: hope so
(01:09 PM) jimbo_320: but if want to trade options, thats ok, i must know about options if i want to trade them. 
(01:09 PM) gravestonedoggie: hehe
(01:10 PM) Tom_B: this mkt looks like it's at the edge again
(01:10 PM) gravestonedoggie: iyes, es lod test
(01:10 PM) Orprepus: back -steak & eggs always hit the spot
(01:10 PM) Buffy_04364: sure does one of my favorites
(01:11 PM) Buffy_04364: short off that bar
(01:11 PM) jimbo_320: just in time for lod
(01:11 PM) dave_b_quick: jimbo, i'm working on a companion to retro that uses QQQ options for overnight trades
(01:11 PM) Tom_B: new low nya $
(01:11 PM) elly_34: i'd be interested in that dave, i mostly trade options and in particular qqq
(01:11 PM) Buffy_04364: many will be interested in it I am sure Dave
(01:11 PM) Buffy_04364: Know I am
(01:12 PM) dave_b_quick: looking at the daily/15m combination for the QQQuest swingtrade system
(01:12 PM) gravestonedoggie: es 5 min chart a descending wedge???  nq not too different???
(01:13 PM) Orprepus: like the QQQ's, DIA's & Spyders
(01:13 PM) Tom_B: yes & fut still diver from cash on es
(01:13 PM) Daniel X: Jimbo expect brokers to lose accounts....how are you going to tell an investor or trader with less than 25 k after he trades 3 RT and wants in on another they'll lock up his account!!
(01:14 PM) Buffy_04364: could be GSD
(01:14 PM) Daniel X: that's a violation of basic rights
(01:14 PM) Tom_B: does that apply to stock futures /
(01:14 PM) gravestonedoggie: declining wedge possibility says careful on short side
(01:14 PM) Daniel X: no just stocks
(01:14 PM) Tom_B: text
(01:14 PM) dave_b_quick: you're a little garbled here, wounded
(01:15 PM) Daniel X: posted@ www.dacharts_dachart_dacharts_dachart.com
(01:15 PM) wounded: yes i'm a new one
(01:15 PM) Tom_B: how do u guys like to play the wedges /
(01:15 PM) Tom_B: first retr ?
(01:15 PM) dave_b_quick: welcome, wounded, do you trade the e-mini index futures?
(01:15 PM) ppusa: I think tomorrow's high should be higher than where we are trading right now even regardless of what happens today.
(01:16 PM) Buffy_04364: so out now for a 1.5 loss
(01:16 PM) GGriz: posted compx file ----> pretty amazing, considering
(01:16 PM) Daniel X: that's a givin
(01:16 PM) gravestonedoggie: right here at 71.50 es is testing the downtrend line of wede on 5 min
(01:16 PM) Tom_B: 72 still res on es 1/2 hr cl
(01:16 PM) Daniel X: Retro will not initiate a trade untill trend developes
(01:17 PM) Daniel X: on 5 min
(01:17 PM) Daniel X: and no he doesn't trade sideways trends
(01:17 PM) gravestonedoggie: the really stupid thing about this govt regulation, like many others, is that it comes precisely at the wrong time... it is backasswads thinking - if they had done it 15 months ago, would ahve helped some people... now it will hurt them
(01:18 PM) jimbo_320: margin fair enough (gambling other peoples money), but if i want to gamble my own cash its a basic right. Why does NASD have to tell me its too risky. But i can go and gamble 25,000$ on a horse if i want.
(01:18 PM) gravestonedoggie: always fighting the alst battle
(01:18 PM) Buffy_04364: they always are late aren't they GSD?
(01:18 PM) gravestonedoggie: beting dead horses
(01:18 PM) Daniel X: took the words right out of my mouth
(01:18 PM) gravestonedoggie: beating dead horses
(01:18 PM) Tom_B: unless there's an avelance this aft, i'd bet on a shrt cvr
(01:18 PM) elly_34: so trading index options is alright and hldr optoins i would think, how about the qqq itself,,is that considered a stock?
(01:18 PM) Orprepus: yeah - how can I invest my tax rebate
(01:18 PM) gravestonedoggie: hehe
(01:18 PM) Daniel X: they want you to spend it to stimulate the economy not invest it!
(01:19 PM) dave_b_quick: murphy's law: Every problem solved by government intervention creates 3 new problems of equal or greater magnitude
(01:19 PM) Tom_B: cud be startng
(01:19 PM) Buffy_04364: LOL love that one Dave
(01:19 PM) Daniel X: lol like it
(01:19 PM) gravestonedoggie: your tax rebate should jsut about cover your accountant's bill
(01:19 PM) Orprepus: due to defaltion irs will lower  the amount of rebate
(01:19 PM) gravestonedoggie: hehe
(01:20 PM) Orprepus: lol
(01:20 PM) GGriz: es broke tl
(01:21 PM) GGriz: and besides, your gummint is here to help ya
(01:21 PM) Orprepus: 200ma broken
(01:21 PM) Orprepus: lol
(01:21 PM) Tom_B: long nq 1543, 1536 stp
(01:22 PM) Buffy_04364: not yet for me - I owe my broker today :-(
(01:22 PM) Buffy_04364: having wrong data didn't help - thanks again for that catch - another benefit to posting charts
(01:22 PM) jimbo_320: they dont like joe public having the same chances as the big boys, now we all have direct access, we can compete on a level playing field, now what have the big boys got that we haven't - tough one - lots of cash
(01:23 PM) ppusa: buy sig on 3 charts if we break 45.5. (That does not mean they couldn't reverse back down)
(01:24 PM) ppusa: just broke short term ma's on 1,2,5 min charts. holding below on 15
(01:25 PM) ppusa: the big  numbers to break are in the 50's. We get those should fill gap
(01:26 PM) Tom_B: next 5 min imp't
(01:26 PM) Buffy_04364: yep I would think so Tom
(01:27 PM) Buffy_04364: it didn't do what it was suppose to on the retest so looking for a long
(01:27 PM) ppusa: Buffy jump in here and we can have a long term trade
(01:27 PM) Buffy_04364: That is what Teresa teaches anyway and sure seems to work
(01:27 PM) jimbo_320: 74 is 100ema and major resist
(01:27 PM) Buffy_04364: I am long now off high of test bar
(01:28 PM) ppusa: whatever that is
(01:28 PM) Daniel X: The thing that gets me mad about the new 25K rule is they say it's implemented to protect mom and pop daytraders the rest of the inexperienced bunch...when i think it's the institutions who want us out..that way they can offer 8 to 10 % returns to long term holders when we know they actually pull out a hell of alot more!!!!
(01:28 PM) Buffy_04364: SL break even
(01:28 PM) gravestonedoggie: wedge delivers
(01:28 PM) jimbo_320: looking for 50 / 74 vol spike  here
(01:29 PM) Buffy_04364: nice call GSD
(01:29 PM) gravestonedoggie: thnx
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(01:29 PM) Buffy_04364: hitting TL on 75T though hope it goes through it
(01:29 PM) Buffy_04364: the one chart I didn't check
(01:30 PM) Buffy_04364: always something I forget today
(01:30 PM) Buffy_04364: wedges should go back to where they came from right GSD?
(01:30 PM) ppusa: the 3 charts that went into buy sigs are overextended.
(01:31 PM) Orprepus: resistance top of box on 16M 1550
(01:31 PM) dave_b_quick: NQ5m right at downtrend line from yd and triangle apex from today (chart posted)
(01:31 PM) Buffy_04364: well break even just means I owe my broker more  :-(
(01:31 PM) gravestonedoggie: not sure how to target a wedge
(01:31 PM) ppusa: big numbers still in the 50's.
(01:31 PM) Buffy_04364: beige book -23 says my son
(01:31 PM) Daniel X: b/e for me is +.5
(01:32 PM) Orprepus: out
(01:32 PM) Buffy_04364: yep you are right daniel to cover the broker
(01:32 PM) ppusa: could die here, pulling back to breakout
(01:32 PM) gravestonedoggie: gap area still a key hurdle
(01:32 PM) Buffy_04364: that is a possiblity for sure
(01:32 PM) ppusa: but overall, I like it
(01:32 PM) Orprepus: pull back on 2m  off BB
(01:32 PM) Buffy_04364: stop at 1546
(01:32 PM) Daniel X: thats where i place my b'e always
(01:33 PM) dave_b_quick: ya, i'd almost rather keep those BE trades in the loser column as small losers rather than in the winner column where they dilute my av. profit, all or nuthin
(01:33 PM) Daniel X: free trade as T-Lo calls it
(01:33 PM) gravestonedoggie: es still did not take out noon high, let alone earlier ones
(01:33 PM) Buffy_04364: I am still letting the chart tell me where to put it
(01:34 PM) Buffy_04364: I used to get stopped out so much not doing that
(01:34 PM) Buffy_04364: and then it would go
(01:34 PM) Daniel X: initially yes of course Buffy
(01:34 PM) Buffy_04364: so back to the chart I went
(01:34 PM) Tom_B: still long
(01:34 PM) Buffy_04364: oh I move it as soon as I can Daniel
(01:35 PM) ppusa: we crossed 15 min ma on that ...been below all morning
(01:35 PM) gravestonedoggie: long side seems so much tougher than short.. partly it takes longer... as well, you need buyers to lift... and tinally, the larger (weekly) trend still probably down
(01:35 PM) ppusa: now below 30 min ma
(01:35 PM) Buffy_04364: that is true GSD  it falls much fast than it goes up usually
(01:35 PM) GGriz: still not a 1-2-3 reversal on 5m yet, IS IT?
(01:35 PM) Buffy_04364: I don't think so GGriz
(01:36 PM) GGriz: Trying to see the setup 
(01:36 PM) dave_b_quick: no, but it is a breakout from the triangle 
(01:36 PM) Buffy_04364: now I won't owe the broker :-)
(01:36 PM) dave_b_quick: except it bumped right into the down TL right away
(01:36 PM) GGriz: missed the break cause my isp Dumped me
(01:36 PM) jimbo_320: stoch getting overbought
(01:36 PM) Orprepus: today is a day when  you need to take profit where the market lets you imo
(01:36 PM) Tom_B: trnd is dwn, however for CT trade, there is stop fuel above the high...path of least res right now...maybe
(01:37 PM) ppusa: throughout the stocch, they can skid
(01:37 PM) larrybf: staring October2001 are there going to be a lot more index traders because of the daytrading rule? good or bad?
(01:37 PM) Daniel X: good
(01:37 PM) GGriz: good
(01:37 PM) GGriz: we gotta dilute the inside locals
(01:37 PM) Orprepus: depends on what happens to marg requirements
(01:37 PM) larrybf: more liquidity the reason?
(01:38 PM) Buffy_04364: should be good
(01:38 PM) jimbo_320: probably bring in the 50,000$ rule for futures, after all they are more risky :-)
(01:38 PM) GGriz: that would bankrupt the FCMs
(01:38 PM) Buffy_04364: that wouldn't be nice
(01:38 PM) ppusa: that's al folks
(01:38 PM) larrybf: jimbo are you kidding?
(01:38 PM) GGriz: they operate on margin same as we do
(01:39 PM) Daniel X: Cme would fight that rule
(01:39 PM) ppusa: big numbers still in the 50's
(01:39 PM) donl_2: with IB the margin is the same for day trading or over night holding.
(01:39 PM) gravestonedoggie: doubt it will have much impact 
(01:39 PM) dave_b_quick: maybe they don't know about us futures traders
(01:39 PM) wlevicki: Suprised brokers are not fighting this rule more
(01:39 PM) Orprepus: just hope futures market does not repeat like NASDAQ market and gummint (like that) trys to fix it
(01:39 PM) jimbo_320: i think i heard a min contract size requirement of 10 per trade
(01:39 PM) dave_b_quick: ya, IB doesn't discount the margins for day trades
(01:39 PM) GGriz: brokers are fo rit
(01:39 PM) Buffy_04364: I am enjoying spending it on kids and grandkids  :-)
(01:39 PM) gravestonedoggie: futures have not been scapegoated in this market decline, so not leikly to see new regulation
(01:39 PM) Buffy_04364: I wouldn't like that rule either Jimbo
(01:39 PM) Buffy_04364: 10 contracts!!!!!
(01:40 PM) GGriz: that would kill the whole bottom of the pit they trade 1s and 2s
(01:40 PM) wlevicki: individual stock futures out to make out from this, when they get online
(01:40 PM) gravestonedoggie: did not get much out of that wedge
(01:40 PM) Buffy_04364: nope but didn't lose either GSD
(01:41 PM) ppusa: i got a wedgie!
(01:41 PM) jimbo_320: sorry guys, just kidding about the 10 contracts rule LOL
(01:41 PM) Buffy_04364: best all set up for the stock futures
(01:41 PM) dave_b_quick: can't imagine how stock futures will get off the ground
(01:41 PM) Daniel X: if it was 10 contracts they wiuld eliminate E Minis all togrther
(01:41 PM) GGriz: big balloon
(01:41 PM) gravestonedoggie: hard to believe that in this stage of the market indivivdual stock futures will attract much volume... when they came up with the idea, at market peak, maybe viable... not any more
(01:41 PM) gravestonedoggie: agree dave
(01:42 PM) ppusa: Orprepus, are you flat?
(01:42 PM) wlevicki: agree dave, but now if they kill stock traders, they may look that way
(01:42 PM) gravestonedoggie: on the wedge, meant tht it produced pretty limited move
(01:42 PM) Daniel X: 10 contracts..why not trade 2 big ones
(01:42 PM) gravestonedoggie: sign of weakness maybe
(01:42 PM) gravestonedoggie: you guys being paranoid
(01:42 PM) Buffy_04364: AMGN , AOL, csco, citycorp, ibm
(01:43 PM) Daniel X: they will not make a 10 contract rule no way
(01:43 PM) Buffy_04364: I hope so GSD
(01:43 PM) Tom_B: got flat nq  46.5 made 3 pts... my broker likes me
(01:43 PM) jimbo_320: we will all have to be good boys and girls and l.t.b.h.
(01:43 PM) donl_2: like at the crap tables 5.00 day mim and 20.00 night mim
(01:43 PM) Orprepus: ppusa - got out with 2
(01:43 PM) Buffy_04364: LOL jimbo
(01:43 PM) Orprepus:  to tight of a range totry and hang on today
(01:43 PM) ppusa: ok
(01:44 PM) Tom_B: mkt bounced off 15 min 18ma's
(01:44 PM) dave_b_quick: methinks maybe the failed test here and down?
(01:44 PM) Tom_B: rev bar
(01:44 PM) bigrexxx: yep tight range makes bear flags on larger time frame
(01:44 PM) Tom_B: cash ndx same pict
(01:45 PM) bigrexxx: spx just snapped back to underside of multi month range bottom at 1170
(01:45 PM) Buffy_04364: has the tick or trin moved?
(01:45 PM) Tom_B: es still ovr 1172
(01:45 PM) Buffy_04364: k
(01:45 PM) Daniel X: PPUSA PnF linig up a nice 52 buy signal on 5/15 min
(01:45 PM) Daniel X: linning
(01:45 PM) Tom_B: may hve to buy agn
(01:45 PM) Orprepus: tick up mostly today
(01:45 PM) jimbo_320: 72 retracement
(01:45 PM) Daniel X: ah never mind
(01:46 PM) Orprepus: 503 now
(01:46 PM) Buffy_04364: tks O
(01:46 PM) ppusa: if we go through 51.5 I think the next stop would be in the 70's
(01:46 PM) Tom_B: yes
(01:46 PM) ppusa: anyone confirm?
(01:46 PM) Orprepus: climbing I show let you know
(01:46 PM) gravestonedoggie: guess it was too soon to write off the rally
(01:47 PM) jimbo_320: 76 ?
(01:47 PM) Tom_B: buying 53
(01:47 PM) bigrexxx: nq 20ema 15min just above 
(01:47 PM) Orprepus: see it thx bigr
(01:47 PM) Buffy_04364: I agree ppusa if we break the bottom of the gap
(01:47 PM) bigrexxx: es tagged 20ema15
(01:48 PM) ppusa: The real test is the 57.5 high
(01:48 PM) Buffy_04364: yes
(01:48 PM) Orprepus: agree on open test
(01:48 PM) Tom_B: es starting a little march
(01:48 PM) Buffy_04364: looks like another range so far
(01:48 PM) Buffy_04364: this market is not nice
(01:49 PM) Orprepus: no support on vol for the move up - but a nice 2pts for me
(01:49 PM) Buffy_04364: of course if someone would hold that patience class................AND I could learn to be patient all the time
(01:49 PM) Buffy_04364: 2 pts is 2pts Orprepus
(01:49 PM) Tom_B: why isn't ot easier ? :)
(01:50 PM) Tom_B: tihis is the test that refreshens
(01:50 PM) gravestonedoggie: if this rally try failes to close gap, possible that new longs will dump into late session
(01:50 PM) Buffy_04364: good possibility GSD
(01:51 PM) gravestonedoggie: do or die at this point
(01:51 PM) Buffy_04364: same with your idea Tom
(01:51 PM) ppusa: It's always hard going long at the bottom because the market stops at every ma
(01:51 PM) leont_2_1: buy igged in retro?ert
(01:51 PM) Tom_B: 1553 my res # plus a sack of hay
(01:51 PM) Daniel X: adx 5 min looking good
(01:51 PM) gravestonedoggie: think they giving it all they got here
(01:51 PM) leont_2_1: sorry, buy stop triggered in retro?
(01:52 PM) gravestonedoggie: ticks went to 600, but trin not backing off
(01:52 PM) Buffy_04364: tks GSD
(01:52 PM) Daniel X: not untill trend confirmation on 5 min  LEONT
(01:52 PM) ppusa: It's still early too.
(01:52 PM) bigrexxx: that's been happening all week- good tick poor trin
(01:52 PM) leont_2_1: buffy am i correct here?
(01:53 PM) gravestonedoggie: nyse trin still around 2.00
(01:53 PM) leont_2_1: ok i saw you now daniel
(01:53 PM) Buffy_04364: correct with buy in retro?
(01:53 PM) Tom_B: this may set up a good scalp to bot of range
(01:54 PM) leont_2_1: 5 min must confirm
(01:54 PM) gravestonedoggie: tempting to short es with stop around 75 or 76
(01:54 PM) leont_2_1: a simple test won't do
(01:54 PM) Daniel X: remember yesterday...i feel a spike coming
(01:54 PM) Buffy_04364: oh oh heads up guys
(01:54 PM) Buffy_04364: :-)
(01:54 PM) ppusa: my 1x6 pnf says we hit 45 but I don't trust it
(01:54 PM) Buffy_04364: train getting close too
(01:54 PM) Daniel X: ditto Buffy
(01:55 PM) Tom_B: grrr
(01:55 PM) gravestonedoggie: note that with dollar weakening, train ahs not been arriving recently... if train was european money, character of that could change?
(01:55 PM) bigrexxx: dollar futs 113.07 bond futs 104-11 not good for stocks on those
(01:56 PM) gravestonedoggie: (assuming dollar trend has changed, that is)
(01:56 PM) GGriz: break 30m TL on ES
(01:56 PM) Orprepus: is this  an adx fake out?
(01:56 PM) gravestonedoggie: 5 min adx is flatline
(01:56 PM) gravestonedoggie: where is the fakeout?
(01:57 PM) Orprepus: 2m 3m
(01:57 PM) Daniel X: GSD 2:30is also the closing of the previous night session..so if you were short yesterday from 4:30 would you cover into 2:20
(01:57 PM) Daniel X: hhhmmmm
(01:57 PM) gravestonedoggie: i see danile.. 
(01:57 PM) ppusa: One way to look at this is the nas nq could not break 36 so it has to go higher
(01:57 PM) gravestonedoggie: daniel
(01:58 PM) jimbo_320: i wish ib would get rid of that annoying banner 'IB complies with SEC daytrading rule (just to rub it in)
(01:58 PM) Tom_B: stp fest
(01:58 PM) gravestonedoggie: rally still alive
(01:58 PM) cctraderx: jimbo, click it and it goes away
(01:58 PM) beanman_1: Left click on the IB banner...to remove ti
(01:59 PM) ppusa: buy sig on 10 point PnF if we break 54
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(01:59 PM) gravestonedoggie: some of this rules stuff isout of fear that if they dont do it, then congress will come down on them
(02:00 PM) Tom_B: long nq 53.5 stp 46 
(02:00 PM) Daniel X: come on PnF print the break out already!!
(02:00 PM) Daniel X: ditto  tom
(02:01 PM) Tom_B: lookin for 74 to 81  (81 in my dreams)
(02:01 PM) ppusa: sweet dreams
(02:02 PM) Tom_B: hope this isn't a bad one
(02:02 PM) Daniel X: me too
(02:03 PM) Daniel X: thank you Pnf break out printed
(02:03 PM) gravestonedoggie: sp is the slacker now
(02:03 PM) ppusa: chart pattern on 1 minute says get 2 more little legs
(02:03 PM) Daniel X:  now don't come back on me 
(02:03 PM) bigrexxx: 10 day trin as oversold as it was at low of year and put/call osc was flashing a buy    de mark daily must be on bottom rail
(02:03 PM) ppusa: don't rely on this
(02:03 PM) Buffy_04364: stop at 51
(02:03 PM) bigrexxx: 20ema 15's have weight so far
(02:04 PM) ppusa: meaning on what i said
(02:04 PM) jimbo_320: didn't even make 76
(02:04 PM) Tom_B: nq the "leader"
(02:04 PM) Daniel X: buy signals all over the place
(02:04 PM) Dirk-X: Howdy! :-)
(02:05 PM) Buffy_04364: Hi Dirk!
(02:05 PM) gravestonedoggie: es 5 min bit of a rising wedge now?
(02:05 PM) Tom_B: hope someone else will buy some..
(02:05 PM) Orprepus: hey dirk-X
(02:05 PM) Daniel X: Dirk came in for the train ride?
(02:05 PM) Dirk-X: I agree DanX...for now (re:buy signals)
(02:05 PM) Buffy_04364: not that good with Wedges GSD - have to take another T class :-)
(02:06 PM) Buffy_04364: stop BE now
(02:06 PM) gravestonedoggie: jsut coming off low, premature i geuss to talk about rising wedge
(02:06 PM) gravestonedoggie: nq near hod
(02:06 PM) Dirk-X: though bet we'll see small range for the day
(02:07 PM) jimbo_320: slow going, wheres the train?
(02:07 PM) Daniel X: failed test of HOD?
(02:07 PM) Buffy_04364: moved to 53
(02:07 PM) Buffy_04364: that is why I tightened
(02:07 PM) ppusa: i min chart looks overbought
(02:07 PM) dave_b_quick: would be nice, dan
(02:07 PM) Daniel X: all aboard!!
(02:07 PM) Dirk-X: nice buff...might be trade of day...where did you get in?
(02:07 PM) ppusa: doesn't make sense
(02:07 PM) gravestonedoggie: spastic trading in es
(02:08 PM) jimbo_320: es a flyer
(02:08 PM) Buffy_04364: 1552.50
(02:08 PM) Dirk-X: excellent
(02:08 PM) Daniel X: here comes the 70s
(02:08 PM) ppusa: may be exit timie
(02:09 PM) Daniel X: contemplating it myself PPUSA
(02:09 PM) ppusa: steep uptrend
(02:09 PM) Tom_B: 1570 first stop
(02:09 PM) Dirk-X: if we make it much further, bet we'll see retest of 50-54 area for support
(02:09 PM) Dirk-X: first
(02:09 PM) jimbo_320: yep, i am out es for +5.5
(02:10 PM) Orprepus: nice jim
(02:10 PM) jimbo_320: 72 retracement was the trade
(02:10 PM) Daniel X: out +5
(02:10 PM) jimbo_320: i'll put that towards my 25,000$
(02:10 PM) Dirk-X: watch out buff, that's a long tail on the 3min
(02:11 PM) Dirk-X: what's your 25000
(02:11 PM) Buffy_04364: out
(02:11 PM) Buffy_04364: tks
(02:11 PM) Dirk-X: nice
(02:11 PM) Daniel X: ADX skyward 5 min
(02:11 PM) Dirk-X: Jimbo?
(02:11 PM) Buffy_04364: play the pullback?
(02:11 PM) Daniel X: thinking
(02:11 PM) Daniel X:  but wher is it!!
(02:11 PM) Daniel X: ??
(02:11 PM) jimbo_320: Dirk, the 25,000$ i need to play the stocks thanks to new sec rule
(02:12 PM) Dirk-X: you play stocks too
(02:12 PM) Dirk-X: sorry I missed the intro to your point, Jimbo...oh got it
(02:12 PM) jimbo_320: no probs dirk, see my post in the retro charts room for info
(02:12 PM) Dirk-X: support should be at ~55.5 if it will really go
(02:13 PM) Buffy_04364: I just use BS off high previous bar
(02:13 PM) Dirk-X: I know about the amendment, J...just making sure you didn't think it applied to futures too
(02:13 PM) Tom_B: out 58
(02:13 PM) dave_b_quick: T style 2B play on NQ5m HOD would be ss 1553
(02:13 PM) Daniel X: PPUSA starting to feel a little lighter?!
(02:13 PM) ppusa: buying 55 
(02:13 PM) Buffy_04364: Teresa says for up to 4-6 bars then cancel
(02:14 PM) ppusa: yes Dan
(02:14 PM) Daniel X: good
(02:14 PM) Buffy_04364: my exit too Tom good job all
(02:14 PM) ppusa: yes everyone, that was nice
(02:14 PM) Buffy_04364: forgot about that possiblitiy dave
(02:14 PM) Tom_B: u 2
(02:14 PM) Dirk-X: primary overnight R at 71
(02:16 PM) bigrexxx: msft crash control up .77 testing 4/18 gap area today
(02:16 PM) iiclub: hello
(02:16 PM) Daniel X: the key is if Retro is still in where would he add a contract?
(02:16 PM) Buffy_04364: on inside bars for one daniel
(02:16 PM) Buffy_04364: I think
(02:16 PM) ppusa: I have some buy signals that I think will go higher before they reverse.
(02:16 PM) Daniel X: here it is
(02:16 PM) Tom_B: might be getting time for the 1:30 shake & bake set up
(02:17 PM) ppusa: But not a good scalp trade
(02:17 PM) bigrexxx: dollar fus down more 113.04
(02:17 PM) Buffy_04364: tks bigrexx
(02:17 PM) Dirk-X: wonder how many know about the 2:20-2:40 play
(02:17 PM) bigrexxx: bond futs +14/32 no reaction to that bounce
(02:17 PM) Buffy_04364: look like 200ema is as high as its going maybe
(02:17 PM) gravestonedoggie: coming off 5 min inside bar here
(02:18 PM) Tom_B: prob anyone who still does this
(02:18 PM) Tom_B: :)
(02:18 PM) Buffy_04364: more and more inside bars are failing - not as reliable as when I first started using them
(02:18 PM) jimbo_320: tick sliding
(02:18 PM) Buffy_04364: at least I don't think so
(02:18 PM) Buffy_04364: tks jimbo
(02:18 PM) Daniel X: 5 min has too many imo
(02:18 PM) Dirk-X: long...tight...trying the water
(02:19 PM) Buffy_04364: good luck
(02:19 PM) Buffy_04364: poke bar now
(02:19 PM) Tom_B: if we take out 1180 on es or 1571 on nq things cud get interesting
(02:20 PM) Buffy_04364: yes they sure could
(02:21 PM) Tom_B: cash nya is at res & holding, ndx looks better
(02:21 PM) Dirk-X: out...b/e
(02:21 PM) jimbo_320: 20ema at 75
(02:21 PM) Daniel X: limit@62
(02:21 PM) Dirk-X: BS at 60.5
(02:22 PM) Dirk-X: in
(02:22 PM) Buffy_04364: test of High!
(02:22 PM) Dirk-X: risking five
(02:22 PM) Dirk-X: want to hold until 2:35 to 2:40
(02:22 PM) dave_b_quick: TICK 270 on new high
(02:23 PM) cctraderx: is the train going to help us?
(02:23 PM) Tom_B: long nq 1563.5 stp 1556
(02:24 PM) jimbo_320: tick 420 and rising in trend
(02:25 PM) Buffy_04364: nice sign jimbo
(02:25 PM) Tom_B: 1574 trgt
(02:25 PM) jimbo_320: 1178 on es is high of day
(02:26 PM) Tom_B: this still 1:30 ct
(02:26 PM) Daniel X: out +1
(02:26 PM) Daniel X: DAM
(02:26 PM) ppusa: don't chase it
(02:27 PM) jimbo_320: 1180 is gap closure
(02:28 PM) ppusa: don't chase here
(02:28 PM) Daniel X: too many spikes for me
(02:28 PM) bigboy_23: hi room
(02:28 PM) Tom_B: out 1565.5 2 pts...yuck
(02:28 PM) Buffy_04364: hi
(02:29 PM) Daniel X: doji
(02:29 PM) Daniel X: 5 min
(02:29 PM) jimbo_320: bailing es for +1
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(02:29 PM) GGriz: u'all are fantastic
(02:29 PM) Buffy_04364: better than minus one jimbo
(02:30 PM) jimbo_320: right buffy
(02:30 PM) Buffy_04364: stop at 64.50
(02:30 PM) ppusa: If you take the length of time we went sideways and project it up from the point of the breakout, we should be close to the end of the rally
(02:30 PM) Daniel X: Retro is kicking butts again
(02:30 PM) Daniel X: so far
(02:30 PM) ab_18: tks you make us feel so good
(02:30 PM) Buffy_04364: LOL
(02:31 PM) Tom_B: yes...poss time t ostart sniffing the shrt side
(02:31 PM) Daniel X: i tyr..i try
(02:31 PM) jimbo_320: dont say retro +20?
(02:32 PM) Daniel X: not sure wher his entry was 
(02:32 PM) Daniel X: 1550.50?
(02:32 PM) dave_b_quick: ya, that's why i missed this
(02:32 PM) jimbo_320: 52?
(02:33 PM) jimbo_320: when is chop rule relaxed for retro? whats the crieria
(02:33 PM) dave_b_quick: retro didn't get a clear entry that i can see
(02:33 PM) Daniel X: trend confirmation on 5 min
(02:33 PM) dave_b_quick: 5m breakout
(02:34 PM) dave_b_quick: but still need an entry on the 15m
(02:34 PM) Daniel X: 15 min entry was @ 1550.50 just as 5 min started trending
(02:35 PM) Daniel X: inside bar on 15 min
(02:35 PM) dave_b_quick: dan, 1550.50 would have got stopped out on 5 point initial stop
(02:36 PM) GGriz: el lower H on 5 and 30
(02:36 PM) ppusa: low 70's yesterday's low
(02:36 PM) dave_b_quick: 2m 2B
(02:36 PM) ppusa: we talked about the rally stopping here earlier.
(02:36 PM) Tom_B: shrt nq 65.5, 71 stp
(02:36 PM) Daniel X: DAve then 50 1 tick above 15 min inside bar
(02:37 PM) Daniel X: .5 from getting stopped
(02:37 PM) Daniel X: Dave see it?
(02:38 PM) dave_b_quick: ya, but woulda been tough to catch that in rt
(02:38 PM) ppusa: ma's still up trend
(02:39 PM) Buffy_04364: they have all crossed on the 5M now at 200 onthe 12M
(02:39 PM) Buffy_04364: tme line
(02:40 PM) Daniel X: so today the train buy was@ 58 at 2:20 1 min till exit
(02:40 PM) Buffy_04364: at least I don't owe my broker anymore :-)
(02:41 PM) dave_b_quick: good going, buffy
(02:41 PM) Daniel X: Train ride exited @ 66 +8
(02:42 PM) Daniel X: about time
(02:42 PM) Daniel X: i missed it
(02:43 PM) Daniel X: GSD remember what i said about short covering from yesterday
(02:43 PM) Tom_B: exited nq 71 -3 pts
(02:43 PM) Daniel X: good
(02:44 PM) Tom_B: sorry..68.5
(02:44 PM) dave_b_quick: gap closed
(02:44 PM) dave_b_quick: NQ
(02:45 PM) Tom_B: there's that 74...grrr
(02:45 PM) Daniel X: AAAARRRRrrrGGGGgg
(02:45 PM) GGriz: next R on SP is 118503
(02:45 PM) Daniel X: 1599 PP
(02:46 PM) Daniel X: on NQ
(02:47 PM) Buffy_04364: got kicked out
(02:47 PM) Buffy_04364: oh well
(02:47 PM) bigrexxx: tick another hod slightly higher last 2 swings
(02:47 PM) Tom_B: ndx just hit impt res
(02:47 PM) Buffy_04364: beanman I invited Mike to your pyrapoint discussion tonight - He has been interested in it
(02:48 PM) ppusa: 71 was premarket high after sell off
(02:48 PM) Buffy_04364: this thing is slow going to leave and do a memory scrub back in a sec
(02:48 PM) elly_34: is pyrapoint here buffy?
(02:49 PM) Tom_B: ndx $ thru res
(02:50 PM) ppusa: still looking for 50 and 75 point PnF reversals. May pull back, may not
(02:50 PM) Tom_B: nya $ appro res
(02:50 PM) jimbo_320: buy buy buy
(02:51 PM) Tom_B: es paused at 5m 200 ma
(02:52 PM) Buffy_04364: ok that is better
(02:52 PM) Tom_B: is htis the pause that refreshens or a place to sell'm ?
(02:52 PM) Buffy_04364: did I miss much :-)
(02:52 PM) cctraderx: nope
(02:53 PM) Buffy_04364: tks
(02:54 PM) wlevicki: I dont have CNBC,  did they call a bottom and is this the rally ? :)
(02:54 PM) Tom_B: anyone int in shrt side or just buying brks ?
(02:54 PM) bigrexxx: es 20ema 60 min 1182.3
(02:54 PM) ppusa: boot him
(02:54 PM) Buffy_04364: I wouldn't beleive them if they did LOL
(02:54 PM) Buffy_04364: no shorting here above MA
(02:54 PM) Buffy_04364: that is my rule
(02:54 PM) ppusa: acrophobia
(02:55 PM) Tom_B: ok, 
(02:55 PM) Tom_B: i'm getting rdy to shrt
(02:55 PM) Buffy_04364: I know I miss some but keeps me on right side of trade usually
(02:55 PM) ppusa: looks like a short but some trades you just want to pass up.
(02:55 PM) Tom_B: yes
(02:55 PM) bigrexxx: huge green candle on es 60min on 8/10 is resistance right here
(02:56 PM) Buffy_04364: A major TL break might tempt me to collect a few points if support far enough away
(02:56 PM) bigrexxx: yeah with nas down like 10 of 11 sessions not even weak dollar can stop bounces
(02:56 PM) hot_sweet_guy82: hello
(02:57 PM) cctraderx: I just lost IB
(02:57 PM) cctraderx: anyone else?
(02:57 PM) Tom_B: sht nq 1569, stp 1575.5
(02:57 PM) ppusa: CNBC sucks
(02:58 PM) wlevicki: not me cc
(02:58 PM) cctraderx: thanks
(02:58 PM) Dirk-X: ballsy Tom
(02:58 PM) Dirk-X: could be great trade
(02:58 PM) ppusa: You should hear the junk they are spewing!
(02:58 PM) Tom_B: ??
(02:59 PM) Buffy_04364: just posted 75T - hitting a TL it should be hitting
(02:59 PM) Dirk-X: yeah you, Tom
(02:59 PM) Tom_B: how abt some help
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(02:59 PM) Dirk-X: myself, I'd wait for confirmed lower high or 2b play...but sometimes it never happens, just falls...good luck
(03:00 PM) Tom_B: i've got my helmet on
(03:00 PM) Buffy_04364: you could lower stop a pt maybe  although that might just make it a lower high
(03:00 PM) Tom_B: grrr
(03:00 PM) Buffy_04364: hmmm your call tom
(03:00 PM) Dirk-X: just know you can afford the loss, and get arrogant, or if you don't think you can take the loss, get careful
(03:01 PM) Buffy_04364: I like that Dirk
(03:01 PM) Buffy_04364: Howard just posted a great Pyra chart on the NQ4M
(03:01 PM) Dirk-X: that's my philosophy
(03:01 PM) Buffy_04364: that is good philosophy dirk
(03:02 PM) Tom_B: out
(03:02 PM) Dirk-X: now watch for the lower high, and get back in if you still like it
(03:02 PM) Tom_B: 74 - 5 pts 
(03:02 PM) jimbo_320: trends like this is when retro cleans up, dave you pyramiding on this one?
(03:03 PM) Buffy_04364: tom you still might be right on this - needs to make lower high first
(03:03 PM) Dirk-X: short
(03:03 PM) Buffy_04364: we have some very nice charts posted today thanks all
(03:03 PM) ppusa: I think the low for this hour could go 64.5
(03:04 PM) Dirk-X: risk is 3.5
(03:04 PM) Tom_B: sell 1567.5
(03:04 PM) ppusa: I would not short here, only higher
(03:04 PM) Buffy_04364: I am in  the mood to watch 
(03:05 PM) hot_sweet_guy82: hello room
(03:05 PM) ppusa: Daily chart could easily go through 80, HOD
(03:05 PM) hot_sweet_guy82: any nice ladies wanna chat?
(03:05 PM) gravestonedoggie: hehe
(03:05 PM) ppusa: I'd buy the pb or sit
(03:05 PM) cctraderx: hammer time
(03:05 PM) gravestonedoggie: sure, let's chat about regression channels
(03:06 PM) cctraderx: lol
(03:06 PM) jimbo_320: or stochastics, bollinger bands take ur fancy?
(03:07 PM) Dirk-X: out
(03:07 PM) Buffy_04364: I wonder what the guy / gal ratio is?  curious
(03:07 PM) Tom_B: cxld sell stop
(03:09 PM) Daniel X: too choppy
(03:09 PM) Daniel X: 5 min
(03:10 PM) Tom_B: es hvng trble , so far agnt 5m 200 ma
(03:11 PM) jimbo_320: up 4 points on goto.com today since entry, 25 target.
(03:11 PM) Daniel X: T-Lo's 2B reversal sell would be @69
(03:11 PM) Tom_B: poss shrt still
(03:11 PM) Dirk-X: short from 74.5
(03:12 PM) Dirk-X: close enough to a 2b on the 150-tick
(03:12 PM) Orprepus: covering
(03:12 PM) jimbo_320: buffy, heres how we find out, guys raise a hand
(03:13 PM) elly_34: lol
(03:13 PM) Orprepus: out with 17.5pts
(03:13 PM) jimbo_320: well plenty of girls here, dave not quite sure !
(03:14 PM) Tom_B: srt nq 68.5 76.5 initial stp
(03:14 PM) dave_b_quick: LOL I can't keep it up that long
(03:14 PM) Tom_B: gets 2 min to decide
(03:14 PM) ppusa: Orp, when did you get long?
(03:15 PM) jimbo_320: out of 70 long for -2
(03:15 PM) Orprepus: 54.5  break of bull falg on 2M
(03:16 PM) ppusa: ok
(03:16 PM) Orprepus: was tough just pulled back on BB  - but ADX was steaming
(03:16 PM) Orprepus: adx just turned  -so covered
(03:17 PM) Orprepus: instead of getting stopped out lower
(03:17 PM) jimbo_320: es tl break but question is how much downside?
(03:17 PM) Daniel X: out B/E
(03:17 PM) Dirk-X: locking in 4pts
(03:17 PM) Buffy_04364: LOL
(03:18 PM) Buffy_04364: just wondering - most say gals are suppose to be better traders
(03:18 PM) Buffy_04364: nothing I know for sure and I sure don't have the patience they talk about us gals having
(03:18 PM) Buffy_04364: :-)
(03:18 PM) Orprepus: anyone watch dow theroy?
(03:18 PM) Orprepus: or track it
(03:19 PM) Buffy_04364: nice orprepus
(03:19 PM) cctraderx: buffy - so what was the answer # of gals, had to reboot
(03:19 PM) Buffy_04364: I used to way back when I did stocks
(03:19 PM) Orprepus: thxs buffy
(03:19 PM) Buffy_04364: I don't know cc was talking to howard
(03:19 PM) Tom_B: es weaker
(03:19 PM) Buffy_04364: came back to about 5 hands up
(03:19 PM) Buffy_04364: but there has to be more guys in here than that!!!1
(03:20 PM) gravestonedoggie: ok, have women raise their hands
(03:20 PM) Orprepus: others not sure
(03:20 PM) gravestonedoggie: that way we know how many are neither
(03:20 PM) jimbo_320: come guys put your hand up
(03:20 PM) ppusa: guys
(03:20 PM) ppusa: hands up
(03:20 PM) Buffy_04364: please guys hands up
(03:20 PM) ppusa: click the hand button lower right
(03:20 PM) Dirk-X: out +5
(03:21 PM) gravestonedoggie: or how about those who are both raise their hands?
(03:21 PM) Buffy_04364: nice dirk
(03:21 PM) Buffy_04364: LOL
(03:21 PM) elly_34: lol
(03:21 PM) ppusa: hank, pete
(03:21 PM) elly_34: think everyone not watching
(03:21 PM) ppusa: Wierdos
(03:21 PM) cctraderx: good job dirk
(03:21 PM) Buffy_04364: maybe we should just have the girls raise theirs?
(03:21 PM) gravestonedoggie: careful, weirdos the marjority in here
(03:21 PM) Buffy_04364: they all should be paying attention
(03:21 PM) Buffy_04364: LOL
(03:21 PM) gravestonedoggie: hehe
(03:21 PM) ppusa: try it
(03:21 PM) Buffy_04364: nah, taking a break
(03:22 PM) Buffy_04364: ok guys hands down please
(03:22 PM) leont_2_1: conceptual trading guys
(03:22 PM) Buffy_04364: dave dirk hands down
(03:22 PM) gravestonedoggie: hehe
(03:22 PM) jimbo_320: right girls go for it
(03:22 PM) Dirk-X: extra homework tonight...willful insubordination
(03:22 PM) leont_2_1: ise the market has taken its toll
(03:22 PM) gravestonedoggie: guys dont respond to instructions
(03:22 PM) Buffy_04364: ok gals lets raise our hands
(03:22 PM) Buffy_04364: please
(03:22 PM) gravestonedoggie: ms. pete
(03:22 PM) leont_2_1: i see  i meant
(03:23 PM) ppusa: haha
(03:23 PM) Orprepus: hehe
(03:23 PM) dave_b_quick: i thot for sure suzy was a she
(03:23 PM) gravestonedoggie: lol
(03:23 PM) gravestonedoggie: never know these days
(03:23 PM) Buffy_04364: GALS please raise your hand by clicking on the hand in the lower right
(03:23 PM) dave_b_quick: so it's about 50/50 and a lot undecided
(03:23 PM) Orprepus: Qsuzy??
(03:23 PM) gravestonedoggie: lol
(03:23 PM) jimbo_320: so 5 guys, 3 girls and 25 dont knows
(03:23 PM) elly_34: hahaha
(03:23 PM) Buffy_04364: guess so Dave
(03:23 PM) gravestonedoggie: hehe
(03:23 PM) Orprepus: or don't care
(03:23 PM) cctraderx: hehehe
(03:23 PM) gravestonedoggie: lol
(03:24 PM) Tom_B: lwrd stp on shrt nq to 70.5
(03:24 PM) Buffy_04364: maybe something to do in the morning when all usually really here
(03:24 PM) ppusa: i sent suzy a message
(03:24 PM) Tom_B: shrt frm 68.5
(03:24 PM) Dirk-X: short 68
(03:24 PM) gravestonedoggie: so we conclude about equal number...
(03:24 PM) Buffy_04364: nice tom
(03:24 PM) ppusa: you guys short watch for the hour low to go. 64.5
(03:24 PM) Buffy_04364: tagged the 20 and now is falling
(03:25 PM) gravestonedoggie: good if we decide to ahve social event
(03:25 PM) Buffy_04364: LOl GSD
(03:25 PM) Buffy_04364: LOL that is
(03:25 PM) Buffy_04364: TL at 1560
(03:26 PM) Buffy_04364: enough for me today be back in a bit
(03:27 PM) Orprepus: ppusa low in for the hour??
(03:28 PM) ab_18: Whether f/m  here's to our health...http://www.watercure2.com/SAM_BISER.HTM
(03:29 PM) gravestonedoggie: sp ran into a wall at yest low
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(03:30 PM) ppusa: just took it out and now maybe.
(03:30 PM) ppusa: i bot back there
(03:30 PM) Tom_B: cvrd
(03:30 PM) ppusa: still bankiing on upside PnF's
(03:30 PM) ppusa: possible 15 point downside pullback due
(03:31 PM) ppusa: not waiting for it
(03:31 PM) ppusa: trying to figure out where I am at with my trades
(03:32 PM) jimbo_320: nvda nice retracement on dialy
(03:33 PM) bigrexxx: nice bottom of hr buy proggy took tick 900 so far
(03:34 PM) gravestonedoggie: think the downtrend from the may high is over and gonna rally for a few weeks
(03:34 PM) bigrexxx: nq bounce was 20ema5 min too nice
(03:35 PM) Tom_B: long 1574
(03:35 PM) Tom_B: 1583 trgt
(03:36 PM) jimbo_320: long es here from 78
(03:37 PM) ppusa: come on go
(03:37 PM) Tom_B: 81 res
(03:38 PM) Tom_B: out 78
(03:38 PM) jimbo_320: shorts are getting killed
(03:38 PM) ppusa: goota go through!!!!!!!!!!!!!
(03:38 PM) Tom_B: tht it might get to 5m 200 ma but hve # at 1581
(03:38 PM) Daniel X: everyone is...stop cleaning
(03:39 PM) jimbo_320: should se 90 here
(03:39 PM) Tom_B: sp is strength
(03:40 PM) Tom_B: spread bet sp/nq collapsing
(03:40 PM) jimbo_320: nyse ticks 1042
(03:40 PM) gravestonedoggie: big 2b on 45 min sp chart
(03:41 PM) Tom_B: 1187 - 90 res on es
(03:41 PM) jimbo_320: go es
(03:41 PM) ppusa: hot doggiesw
(03:41 PM) Tom_B: 1600 - 1602 on nq (?) 
(03:42 PM) ppusa: 1800
(03:42 PM) jimbo_320: sell stop at 1189.75, i hope
(03:43 PM) ppusa: obot here, late in day, overall still bullish.
(03:44 PM) ppusa: unless holding overnight, might think about an exit plan.
(03:45 PM) ppusa: nq should hit 85 to 90 sometime
(03:45 PM) Daniel X: PnF hitting down trend line @ 78 15 min
(03:45 PM) Tom_B: got diverg on this last rally in nq 
(03:46 PM) jimbo_320: 1190 a bridge too far today
(03:46 PM) Tom_B: 5 m  200 ma bounce
(03:46 PM) Daniel X: sorry the bearish resistance line was @1570
(03:47 PM) ppusa: that pullback to 62.5 was right on the 200 bar 5 min ma.
(03:47 PM) Tom_B: wud nt want to shrt tho , lol
(03:47 PM) ppusa: I hope you shorts caught it. It was the hour low.
(03:48 PM) Tom_B: is that like in the shorts ?
(03:48 PM) jimbo_320: out es +5.75 will have to do :-)
(03:48 PM) Tom_B: super
(03:49 PM) jimbo_320: up 14 es today ...
(03:49 PM) ppusa: i wasn't able to capitalize on this move much because I was buried but I hope everyone else is smiliing.
(03:49 PM) ab_18: ur web site again
(03:49 PM) Buffy_04364: bk
(03:49 PM) Tom_B: 26.5 nq
(03:50 PM) jimbo_320: reckon wel will close at highs though
(03:50 PM) ppusa: think so too
(03:50 PM) Buffy_04364: playing with my bridge student tonight so had to start getting ready so I wont have to leave the discussion early
(03:51 PM) Tom_B: must smell  decent news tonite or just shrts don't want to chance it ??
(03:51 PM) ppusa: that's good to know Buffy, the last time he called the whole room fell apart!
(03:51 PM) cctraderx: LOL
(03:52 PM) Buffy_04364: LOL
(03:53 PM) Buffy_04364: he called this mornign and I very nicely told him I would get there early to answer his questions
(03:53 PM) Buffy_04364: first time in a long time
(03:53 PM) Buffy_04364: someone said Dell announces after the bell
(03:53 PM) elly_34: yes
(03:53 PM) Orprepus: dell & HP
(03:54 PM) Buffy_04364: both of them - well hope they have nothing but good to say
(03:54 PM) rambler_12: <-- doesnt use shorts -uses depends
(03:54 PM) Tom_B: Is this the after hrs segment of 90min ?
(03:54 PM) jimbo_320: sox +22 today
(03:54 PM) Buffy_04364: we are sill making lower highs and lower lows on the daily so trend not broken yet
(03:54 PM) Buffy_04364: that might be a good sign jimbo
(03:55 PM) Buffy_04364: is the ensign symbol $sox?
(03:55 PM) Tom_B: this might be a great rally to sell , poss after repts come out ??
(03:55 PM) dave_b_quick: if we close here that makes a doji hammer on the daily
(03:55 PM) dave_b_quick: there's probly a better name for that
(03:56 PM) ppusa: Buffy that doesn't hold for the SOX index which I feel is the only thing that will lead the nas out of this blah
(03:57 PM) Buffy_04364: so the sox is not in a downtrend is what you are saying ppusa?
(03:57 PM) Orprepus: yes for $SOX
(03:58 PM) ppusa: actually sideways but had one higher high
(03:58 PM) jimbo_320: days like this arent long enough if i had another hour i'd buy the 82 retracement
(03:58 PM) ppusa: symbol on DTN SOX
(03:58 PM) hilander_3: ??????'''
(03:59 PM) jimbo_320: on es, keep forgetting these are at the same no!
(03:59 PM) Buffy_04364: thanks orprepus
(03:59 PM) ppusa: closing 2 minutes
(03:59 PM) ppusa: up on day
(03:59 PM) gravestonedoggie: sometimes you can detect change in trend before it shows on chart
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(04:00 PM) Buffy_04364: true GSD
(04:00 PM) Buffy_04364: ADX helps there like T says
(04:00 PM) Buffy_04364: taking off again?
(04:00 PM) ppusa: I know you were all worried about me and I would just like to say I am smiling.
(04:00 PM) Buffy_04364: might not end up with a hammer here Dave
(04:00 PM) Buffy_04364: the longer that body with that tail the better
(04:01 PM) Buffy_04364: I am glad you are smiling ppusa
(04:01 PM) Buffy_04364: I hope many in this room are also
(04:01 PM) Orprepus: spx unable take out key support today 116554
(04:01 PM) ppusa: Nice turn around.
(04:02 PM) QSuzy: Pyrapoint discussion in this room??
(04:02 PM) jimbo_320: O, sp put in a good bottom at 68 today
(04:02 PM) Buffy_04364: yes QSuzy it is
(04:02 PM) QSuzy: thanks Buffy.....it's all Greek to me at this point....I'm curious.
(04:02 PM) ppusa: what does a hammer mean
(04:03 PM) Buffy_04364: GGriz your chart didn't go through
(04:03 PM) jimbo_320: with 3 retests on lower and lower volume
(04:03 PM) Buffy_04364: beanman has posted some great ones today QSuzy
(04:04 PM) jimbo_320: nvda closes at highs
(04:04 PM) QSuzy: Buffy, I'll take a look but really do need the explanation.....will tune in...
(04:04 PM) jimbo_320: goto at highs
(04:04 PM) Buffy_04364: nvda announced a split didn't they
(04:05 PM) Buffy_04364: his commentary on the charts will help explain it QSuzy
(04:05 PM) Buffy_04364: yesterdays also might help
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(04:07 PM) jimbo_320: dont know about split, but if dell have good numbers nvda will go higher, think they supply the cards to dell
(04:07 PM) Orprepus: chips on motherboaord
(04:07 PM) Orprepus: need that spell checker aghh
(04:08 PM) beanman_1: NVDA fate lies with the X-box. from Msft
(04:08 PM) ppusa: Gateway uses NVDA, I have one that is bad.
(04:08 PM) elly_34: nq popped
(04:08 PM) Orprepus: x-box is cool
(04:08 PM) jimbo_320: doesnt matter whether they are good or not, as long as they supply them :-)
(04:09 PM) fcb37uk: Thanks to the room for your comments.  I have lurked for a while but have made money today and yesterday with your help.  I do not trade futures directly, but do what is called "spread betting" in UK.  Thanks to Tom_B for his early calls and to Buffy and ppusa for their varied comments.  I now have to decide whether or nor to hold overnight.  Any thoughts?
(04:09 PM) beanman_1: What matters is if it ever ships.. rumors of delays is what is driving msft, nvda, thqi...
(04:10 PM) bigrexxx: hwp earnings are out
(04:10 PM) elly_34: must not be awful
(04:10 PM) bigrexxx: can't tell yet on items if numbers are clean
(04:12 PM) ppusa: My short term charts have all corrected.
(04:12 PM) rambler_12: no thots here fcb
(04:12 PM) ppusa: Either go for the big one or get out.
(04:12 PM) ispe_bc: fcb37 Best to err on side of caution IMO. If you made money yesterday and today, protect your trading capitol and continue to learn.
(04:12 PM) ppusa: I'm going for it
(04:12 PM) elly_34: nq closing strong looks like
(04:12 PM) elly_34: holding qqq calls
(04:13 PM) ppusa: gaps up almost always have follow through. People love to buy.
(04:13 PM) Buffy_04364: yes it is closing strong
(04:13 PM) ppusa: watching for HP
(04:14 PM) elly_34:   DJN: *DJ Hewlett-Packard 3Q Gross Margin 25.9% Vs 25.3% In 2Q
(04:14 PM) ppusa: HP is out market holding
(04:14 PM) Buffy_04364: fcbuk - you are more than welcome from all of us.  Hope you can start contributing your comments soon
(04:14 PM) Orprepus: imo - end of day momentum continues - need to fill in the steps down 
(04:14 PM) ppusa: could always open down
(04:15 PM) elly_34: nq going for 1595
(04:15 PM) ppusa: hopefully not tomoorrow
(04:15 PM) gravestonedoggie: been sitting here for ever to get an 8550 fill
(04:15 PM) cctraderx: why tomorrow elly?
(04:15 PM) cctraderx: its there now
(04:16 PM) elly_34: i didn't say anything about tomorrow
(04:16 PM) Buffy_04364: it is at the TL on the 75T I drew this morning!  Love those TLs
(04:16 PM) elly_34: i was talking momentarily
(04:16 PM) Buffy_04364: anyone want a chart posted of it?
(04:16 PM) cctraderx: ok - sorry
(04:16 PM) jimbo_320: good hammer on daily now
(04:16 PM) elly_34: nbd
(04:16 PM) elly_34: i am hoping we open over 1600
(04:17 PM) jimbo_320: gsd you buying or sellling?
(04:17 PM) gravestonedoggie: coverd long at 8550
(04:18 PM) gravestonedoggie: a little lucky
(04:18 PM) gravestonedoggie: i guess
(04:18 PM) Buffy_04364: we are closing on a time line for me also
(04:18 PM) gravestonedoggie: cuz it did not get thru there
(04:19 PM) cctraderx: see what dell says and the conference calls
(04:19 PM) Tom_B: bye & tnx
(04:19 PM) Buffy_04364: yes that will be important for sure
(04:19 PM) Orprepus: see ya tom
(04:19 PM) Buffy_04364: not staying for the pyra Tom?
(04:19 PM) Tom_B: see you tomorrw
(04:19 PM) Buffy_04364: take care Tom
(04:19 PM) Buffy_04364: c ya tomorrow
(04:19 PM) Tom_B: wat's pyra ?
(04:20 PM) jimbo_320: hwp beats by 0.01 to 0.05 / share versus 0.50 a year ago
(04:20 PM) Buffy_04364: pyrapoint that beanman has been posting his charts of today
(04:20 PM) rambler_12: funeral pyra?
(04:20 PM) Buffy_04364: and my 4M are of
(04:20 PM) Buffy_04364: ensign draw tool option
(04:20 PM) Orprepus: most of us use Ensign Windows and there is a new feature we are trying to learn Pyrapoint 
(04:20 PM) jimbo_320: revenue down from 11.8 to 10.1 bill
(04:21 PM) Orprepus: tom - what charting sw do you use?
(04:21 PM) Buffy_04364: did they meet the 16 cents?
(04:21 PM) Tom_B: Adv Get
(04:21 PM) cctraderx: which one jimbo
(04:21 PM) Buffy_04364: that is a nice charting software
(04:21 PM) Buffy_04364: ensing now has a lot of the gann tools too
(04:22 PM) elly_34:  DJ 16:19 *DJ Dell Computer 2Q Net 16c/Share Before Items >DELL 
(04:22 PM) Buffy_04364: you should post a chart someday tom if you have snagit or something like it
(04:22 PM) Buffy_04364: thanks elly
(04:22 PM) Tom_B: need to figure out how
(04:22 PM) Buffy_04364: that before items scares me
(04:22 PM) donl_2: I use trade station 2001 Pro any boby esle use T S
(04:23 PM) Buffy_04364: snagit is the only one I know of that posts to another website
(04:23 PM) cctraderx: island had them trading up to even now selling off again - dell
(04:23 PM) Buffy_04364: hypersnap doesn't do it
(04:23 PM) jimbo_320: cc hwp beat 0.01
(04:23 PM) Buffy_04364: snagit costs about 30-40 bucks
(04:23 PM) cctraderx: thanks jimbo
(04:23 PM) jimbo_320: dell still not out
(04:23 PM) Tom_B: i hve Irfnvw, but hvn't figured it out
(04:24 PM) elly_34: brb
(04:24 PM) pete77_1: donl_2   Yes I use TS
(04:24 PM) Buffy_04364: elly said it met 16 before items if I understood right
(04:24 PM) Orprepus: hp earns 5cents
(04:24 PM) elly_34: i reposted from someone else
(04:24 PM) elly_34: so will check
(04:24 PM) Buffy_04364: ok elly
(04:24 PM) Buffy_04364: hope you can tom advget makes some nice charts
(04:24 PM) bigrexxx: there ya go so hwp price should be 1/10th of a yr ago 50 cents to 5 cents
(04:25 PM) hagenkb: hi all..will pyra lesson be in voice?
(04:25 PM) elly_34: dell is out per cbsmarketwatch with what i posted
(04:25 PM) donl_2: PETE77 DO YOU USE THEIR LIVE DATA FEED ALSO
(04:25 PM) Buffy_04364: their support not being up to par hasn't helped HP
(04:25 PM) Orprepus: $250-300M one time wirte off
(04:25 PM) Buffy_04364: thanks elly
(04:25 PM) elly_34: qqq is trading up now
(04:25 PM) elly_34: brb
(04:25 PM) Buffy_04364: hate to ask for what - that is a big write off for dell LOL unless we are talking about HP
(04:25 PM) jimbo_320: 30% increase in shipments outside the us, wonder what that tells us?
(04:26 PM) beanman_1: When do we want to start the Pyra?  And should we try voice
(04:26 PM) pete77_1: donl_2   No sorry, I use esignal
(04:26 PM) Buffy_04364: beanman are you going do the discussion in voice?
(04:26 PM) beanman_1: I can try to..
(04:26 PM) Buffy_04364: that tells us people want dells
(04:26 PM) Buffy_04364: the no hassle computer
(04:26 PM) Buffy_04364: LOL
(04:26 PM) jimbo_320: dell bidding up after hours
(04:26 PM) Buffy_04364: anytime fine with me beanman
(04:26 PM) beanman_1: I posted chart all day that I thought that I coud start with if everyone want to start with the first one..
(04:26 PM) Buffy_04364: ok
(04:27 PM) Buffy_04364: everyone ready for this
(04:27 PM) Buffy_04364: hear you fine
(04:27 PM) Orprepus: would be nice to have an overview and than maybe talk about a couple of your charts from today
(04:27 PM) hagenkb: yes.  hear that
(04:27 PM) Hat7: yes
(04:27 PM) Orprepus: hear you fine
(04:27 PM) ppusa: y
(04:27 PM) Buffy_04364: I can type so they can read later
(04:27 PM) Orprepus: great buffy - thxs
(04:27 PM) jimbo_320: yep 0.16 in line, , yr ago 0.22, revs 7.6 vs conc 7.7, no future guidance
(04:27 PM) Buffy_04364: open beanman pyra3 chart
(04:28 PM) donl_2: I WAS USING ESIGNAL BUT CHANGE TO TS IT WORKS BETTER WITH THEIR CHARTS AND YOU DON'T GO THROUGH THE GLOBAL SERVER
(04:28 PM) Buffy_04364: that is unusual for dell no future guidance
(04:28 PM) Buffy_04364: esignal charts bad that is why most of us use ensign with esignal
(04:28 PM) ppusa: which chart? name
(04:28 PM) Orprepus: got chart
(04:28 PM) Buffy_04364: but esignal has a upgrade out now
(04:28 PM) Buffy_04364: beanman pyra3
(04:29 PM) Tom_B: is there audio  ?
(04:29 PM) Buffy_04364: anchored from swing high with 22 degrees
(04:29 PM) Orprepus: yes audio
(04:29 PM) Buffy_04364: price has been traveling down in what looks like regression channels
(04:29 PM) Tom_B: can't hear, will reboot
(04:29 PM) Buffy_04364: one of the principals pyra based on is square root of nine
(04:29 PM) Orprepus: buffy will type bmans comments
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(04:30 PM) Buffy_04364: that is what the bottom and top of the squares are
(04:30 PM) Buffy_04364: I am going to mainly use the 15M chart
(04:30 PM) Buffy_04364: but will refer to the 4M for entries
(04:30 PM) Buffy_04364: works in all time frames
(04:30 PM) Buffy_04364: there is a reason why 4M is used
(04:31 PM) Buffy_04364: has to do with the earth rotation and Don Hall prefers it for short term trading
(04:31 PM) Tom_B: which chart ?
(04:31 PM) Buffy_04364: this is set up like the book
(04:31 PM) Buffy_04364: beanman pyra3
(04:31 PM) gravestonedoggie: earth rotation??
(04:31 PM) Buffy_04364: 45 bar stoch and rsi 3
(04:31 PM) Tom_B: got it
(04:31 PM) Tom_B: tnx
(04:31 PM) Buffy_04364: what was the first one beanman
(04:31 PM) trader139: nq or es
(04:32 PM) Buffy_04364: in the chart asi, rsi and stoch are all gathered above 75 and this says most probably at a swing high in that TF
(04:32 PM) Buffy_04364: asi can be downloaded from ensign site
(04:33 PM) Orprepus: use 15m for signal & 4M for entry?  How?
(04:33 PM) Buffy_04364: hopefully he will explain
(04:33 PM) Buffy_04364: hang on orprepus  :-)
(04:34 PM) Tom_B: which chrt is 4 min
(04:34 PM) Buffy_04364: I haven't seen one I don't think today
(04:34 PM) Buffy_04364: Howard's is
(04:34 PM) Tom_B: ok
(04:34 PM) ppusa: is Beanman still talking?
(04:34 PM) Buffy_04364: no
(04:35 PM) Buffy_04364: I would be typing LOL
(04:35 PM) Orprepus: lol
(04:35 PM) ppusa: is that it?
(04:35 PM) Buffy_04364: my guess is he is doing a 4M
(04:35 PM) Orprepus: hope not
(04:35 PM) Buffy_04364: we will see
(04:35 PM) Buffy_04364: wish we could run more than one espl study
(04:36 PM) ppusa: do we get intermission?
(04:36 PM) trader139: is the 15 min nq chart posted?
(04:36 PM) Cellalot: Buffy, what book ?
(04:36 PM) Buffy_04364: instead of having to merge them
(04:36 PM) rambler_12: if that was it i missed it
(04:36 PM) Buffy_04364: yes beanman pyra3
(04:36 PM) Buffy_04364: could you hear me?
(04:36 PM) dave_b_quick: y
(04:36 PM) Cellalot: y
(04:36 PM) hagenkb: yes, Buffy 
(04:36 PM) ppusa: y
(04:36 PM) donl_2: Y
(04:36 PM) Buffy_04364: good didn't lose it
(04:36 PM) Buffy_04364: tks
(04:37 PM) ppusa: I'm going for popcorn
(04:37 PM) Orprepus: lol
(04:37 PM) trader139: get me a coke
(04:38 PM) ppusa: size?
(04:38 PM) Buffy_04364: what is dell doing afterhours anyone know?
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. 
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(04:39 PM) ppusa: dell-.15
(04:40 PM) ppusa: qqq+.40
(04:40 PM) Orprepus: bman - having patalk trouble - told hime to reboot - he lost mic and sound
(04:40 PM) Buffy_04364: he has studied the book and he has taken Don Hall seminars
(04:40 PM) elly_34: durn, what did i miss?
(04:40 PM) trader139: ok
(04:40 PM) elly_34: had a phone call , is this a voice discussion?
(04:40 PM) Cellalot: what book?
(04:41 PM) Orprepus: bman shutting down be back in about 2m
(04:42 PM) Orprepus: hey roger how you do this afternoon
(04:42 PM) Buffy_04364: we lost him when he was doing such a good job
(04:42 PM) Buffy_04364: the pyrapoint book that is available on ensign website
(04:42 PM) Cellalot: k, thks Buffy.
(04:42 PM) Buffy_04364: yes it is elly
(04:42 PM) Buffy_04364: I am typing what beanman says so it  can be saved if you want to
(04:42 PM) Orprepus: bman had paltlak trouble and is rebooting
(04:42 PM) Buffy_04364: tks O
(04:43 PM) elly_34: oh wonderful thank you
(04:43 PM) Roger Schelling: oh....treade some stocks.....today....did not do too well
(04:43 PM) elly_34: will listen in but have some calls also
(04:43 PM) Buffy_04364: ok elly
(04:44 PM) Orprepus: sorry to hear that roger - most of us did ok thanks to the afternoon rally
(04:44 PM) ab_18: Paltalk has new version Build 346 
(04:44 PM) Buffy_04364: hard day for stocks I bet Roger - Lots of chopchop
(04:44 PM) keb2001: Can anyone suggest some online brokers and their commission rates?
(04:45 PM) coaster_9: is build 346 stable for you?
(04:45 PM) Tom_B: fut or stks ?
(04:45 PM) Buffy_04364: for stocks or futures?
(04:45 PM) Buffy_04364: IB does both
(04:45 PM) keb2001: futures
(04:45 PM) dave_b_quick: keb, see links page at dacharts_dachart_dacharts_dachart.com
(04:45 PM) keb2001: Thanks
(04:45 PM) Tom_B: Best, good platform $ 10 - 11 rt..
(04:46 PM) Tom_B: also live order desk
(04:46 PM) trader139: this seminar is a great idea. my compliments to whoever organized it.
(04:46 PM) Buffy_04364: I use Best with PFG also tom
(04:46 PM) Tom_B: i like their interface..
(04:46 PM) beanman_1: Is anyone speaking the the room I rebooted and still cannot hear....
(04:46 PM) trader139: direct trade futures 7 RT pmb platform 
(04:46 PM) Buffy_04364: it just happened trader 139
(04:47 PM) Buffy_04364: couldn't teach and trade
(04:47 PM) Orprepus: he;s back yeah!
(04:47 PM) ab_18: over
(04:47 PM) trader139: begin
(04:47 PM) Orprepus: question on how you use 15M and 4M
(04:48 PM) Buffy_04364: oh oh did we lose him again???
(04:48 PM) bigrexxx: dell bidders left 25 test
(04:48 PM) coaster_9: came in late, which chart is bman using now?
(04:48 PM) Buffy_04364: pyra3 coaster
(04:49 PM) Buffy_04364: oh ok 4
(04:49 PM) Buffy_04364: if this chart and indicators are suggesting swing low lets look for a reversal
(04:49 PM) hagenkb: y
(04:49 PM) Buffy_04364: first resistance is going to be at 90 degrees at 50 and 54
(04:49 PM) Buffy_04364: if you also recall we went sideways here and created a triangle I believe in lower TF
(04:50 PM) Orprepus: yes
(04:50 PM) trader139: y
(04:50 PM) rambler_12: y
(04:50 PM) dave_b_quick: y
(04:50 PM) hagenkb: yes
(04:50 PM) Tom_B: yes
(04:50 PM) Hat7: y
(04:50 PM) donl_2: y
(04:50 PM) Orprepus: resistance
(04:51 PM) Buffy_04364: I am not thinking about going long until that is broken
(04:51 PM) Buffy_04364: trend is down we are in a downward channel and we have reversed there several times
(04:51 PM) Buffy_04364: if you look at bottom square from 90 to 112
(04:51 PM) Buffy_04364: the 45 degree angle that starts at 51 and goes to 90
(04:51 PM) Buffy_04364: we are on the top of it which is somewhat bullish
(04:51 PM) Orprepus: 45 degree support?
(04:52 PM) hanksterr: what degrees are you using for your chart
(04:52 PM) Buffy_04364: if we break that upward angle the next objective would be down to the bottom of the square which is about 1518
(04:52 PM) Buffy_04364: yes the 45 degree upward support line starting at 51
(04:52 PM) ppusa: which chart are we on
(04:52 PM) Buffy_04364: if you think about it we made a big move down and price moved faster than time
(04:53 PM) Buffy_04364: price got ahead of time and now going sideways as time catches up
(04:53 PM) Buffy_04364: pyra4 ppusa
(04:53 PM) ppusa: tks
(04:53 PM) Buffy_04364: lets go to next chart pyra5
(04:54 PM) Orprepus: said 22 degree earlier
(04:54 PM) Buffy_04364: thanks Orprepus couldn't remember
(04:54 PM) Buffy_04364: his notes on the chart help
(04:54 PM) dave_b_quick: 22.5 good enough?
(04:55 PM) Buffy_04364: by the way Howard refers to the vertical lines as EOS end of square
(04:55 PM) Buffy_04364: yes 
(04:55 PM) Buffy_04364: I know mine says six when actually 5 something
(04:55 PM) Buffy_04364: I believe automatic
(04:55 PM) Buffy_04364: with ensign
(04:56 PM) trader139: cant hear
(04:56 PM) Buffy_04364: break the low is first we heard beanman
(04:56 PM) dave_b_quick: you're breaking up, beanman
(04:56 PM) Buffy_04364: breaking up
(04:56 PM) trader139: for past 5 min
(04:56 PM) dave_b_quick: in and out
(04:56 PM) Buffy_04364: last we heard was go to pyra5
(04:57 PM) Hat7: y
(04:57 PM) Buffy_04364: do you have half duplex checked
(04:57 PM) hagenkb: yes
(04:57 PM) Buffy_04364: yes we can
(04:57 PM) rambler_12: y
(04:57 PM) dave_b_quick: that's better
(04:57 PM) jazzallnite: yes 
(04:57 PM) Buffy_04364: now
(04:57 PM) donl_2: y
(04:57 PM) Buffy_04364: good
(04:57 PM) amfw: Y
(04:57 PM) Roger Schelling: Also you have to have the Paltalk window active
(04:57 PM) Buffy_04364: still not thinking long need to break 1554 on nq
(04:57 PM) bigrexxx: dell dumpo 24.8 takes nq to 1586
(04:57 PM) Buffy_04364: thanks bigrexx
(04:57 PM) pjrl: test
(04:57 PM) Roger Schelling: so switching back and forth maybe ?
(04:58 PM) Buffy_04364: that could do it  roger
(04:58 PM) 2Devs: Beanman.. is that on a closing basis?????
(04:58 PM) ispe_bc: good Roger
(04:58 PM) Buffy_04364: we could think about the short side on break or pivot on 45 degree angle
(04:58 PM) Kraqor: dave
(04:58 PM) Kraqor: is
(04:58 PM) Kraqor: gay
(04:58 PM) Buffy_04364: or risk a few points above the 45 degree angle
(04:59 PM) Buffy_04364: we also know that there is an EOS in about 30-45 minutes
(04:59 PM) Orprepus: COT?
(04:59 PM) pjrl: why 45 degree, and is this on an arithmetic or semi-log scale graph
(04:59 PM) ispe_bc: change of trend
(04:59 PM) Buffy_04364: by the rules I am waiting for a break above horizontal line or a break of the 45 degree angle with a pivot
(04:59 PM) Buffy_04364: this chart is 22.5 degrees
(05:00 PM) Buffy_04364: you adjust degree size for volitility of instument you are trading
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(05:00 PM) elly_34: is there a formula for that buffy?
(05:00 PM) Buffy_04364: if you look at the intersection half of 22.5 degrees is 11.25
(05:00 PM) Buffy_04364: actually this is trading in the upper half of square
(05:00 PM) scottybythelake: So the deg fulctuate from week to week with volitility?
(05:01 PM) pjrl: how do I see this chart? I'm new 
(05:01 PM) Buffy_04364: so what we do next is look at the 11.25 degree chart
(05:01 PM) Buffy_04364: lets look at beanman pyra6 chart
(05:01 PM) Buffy_04364: www.dacharts_dachart_dacharts_dachart.com
(05:01 PM) elly_34: http://www.dacharts_dachart_dacharts_dachart.com/charts/2001-08-16/
(05:01 PM) Buffy_04364: for the charts
(05:01 PM) Buffy_04364: tks elly
(05:01 PM) pjrl: ok thx
(05:01 PM) Buffy_04364: ensign figures it all automatically elly
(05:01 PM) Buffy_04364: draw tools and click on the P
(05:02 PM) Buffy_04364: anchor it at signifficant high / low
(05:02 PM) pjrl: no copy paste. shucks
(05:02 PM) Buffy_04364: use the edit up top to copy after highlighting it
(05:02 PM) pjrl: ok
(05:03 PM) beanman_1: Is everyone on the next chart #6 of the ES
(05:03 PM) donl_2: y
(05:03 PM) dave_b_quick: y
(05:03 PM) hagenkb: yes
(05:03 PM) Roger Schelling: yes
(05:03 PM) Buffy_04364: if you always use the edit then you don't get kicked out of room using the control C
(05:03 PM) coaster_9: y
(05:03 PM) amfw: Y
(05:03 PM) Buffy_04364: everyone on chart 6?
(05:03 PM) pjrl: with ya
(05:03 PM) Orprepus: yes
(05:03 PM) Buffy_04364: the S&P is less volitle and I have it set to 22 degrees
(05:04 PM) coaster_9: looks like 11 degrees
(05:04 PM) Buffy_04364: notice all the indicators are all gathered above 75 back in May
(05:04 PM) dave_b_quick: that's RSI and STO?
(05:04 PM) Buffy_04364: notice also today the sp reversed exactly at the bottom of that square
(05:04 PM) beanman_1: Rsi 3 , stoch 45 and ASI
(05:04 PM) Buffy_04364: dave asi rsi and stoch
(05:04 PM) Buffy_04364: the indicators are gathered at the bottom suggesting a swing low
(05:05 PM) Buffy_04364: you can also see where the rsi (red) popped back up and reversed at the top of some of the squares
(05:06 PM) Buffy_04364: also notice that start at zero coming down the 45 degree line it was never ever broken to the upside
(05:06 PM) Buffy_04364: meaning the trend has always been down until the 45 is broken
(05:06 PM) Buffy_04364: are you on six still beanman
(05:06 PM) Buffy_04364: ?
(05:07 PM) Buffy_04364: although there have been a lot of tradable bounces
(05:07 PM) Buffy_04364: tks
(05:07 PM) beanman_1: yes still on 6
(05:07 PM) Buffy_04364: the overall trend on the daily has been down
(05:07 PM) Buffy_04364: lets go to chart 7
(05:07 PM) pjrl: can't you just do a descending upper trendline from the 1332 high to accomplishth same thing for trend?
(05:08 PM) Buffy_04364: yes the diagonals in pyra should match a tl you would normally draw or close to it I believe
(05:08 PM) pjrl: ok
(05:08 PM) beanman_1: Is everyone on chart 7 of the 4 min NQ 
(05:09 PM) hanksterr: y
(05:09 PM) hagenkb: yes
(05:09 PM) Buffy_04364: I believe so
(05:09 PM) Buffy_04364: keep in mind the 15M chart of the naz we were just looking at
(05:09 PM) Buffy_04364: you can see the sideways congestion easier here and you can see how it was contained in between the horizontal lines
(05:10 PM) Buffy_04364: 1554 and 1536
(05:10 PM) Orprepus: break of 90 degree line entry?
(05:10 PM) Buffy_04364: I think so Orprepus
(05:10 PM) Buffy_04364: still don't have my book
(05:10 PM) Buffy_04364: ":-(
(05:11 PM) Buffy_04364: he has it marked too at the 253-265 diagonal
(05:11 PM) beanman_1: If you recall on the previous 15min chart,,I said I would not go long until greater than 1554 
(05:11 PM) donl_2: looks like the trade is 1536 every time it bounce off of 90 deg
(05:11 PM) Orprepus: thought mule train delivery was out dated
(05:12 PM) Buffy_04364: you can see that we almost did a 2b or double bottom
(05:12 PM) Buffy_04364: never had chance to go short below 1539
(05:12 PM) hilander_3: okkkkk
(05:12 PM) Buffy_04364: no that it broke above 1554 lets think about the long side
(05:13 PM) Buffy_04364: also our indicators have bottomed at 1302
(05:13 PM) Buffy_04364: time that is
(05:13 PM) trader139: all below... no audio
(05:13 PM) Buffy_04364: beanman you have to keep this room in focus
(05:14 PM) Buffy_04364: yep go ahead
(05:14 PM) donl_2: y
(05:14 PM) hagenkb: t
(05:14 PM) hagenkb: y
(05:14 PM) Hat7: y
(05:14 PM) Buffy_04364: alos notice on the chart where we had a simutaneous break out on the 15M chart
(05:14 PM) Buffy_04364: there is a note on the chart
(05:14 PM) Buffy_04364: of this
(05:15 PM) Buffy_04364: lets go to chart 8
(05:15 PM) Buffy_04364: this is a nice chart beanman
(05:15 PM) Buffy_04364: lots of explaination
(05:15 PM) Buffy_04364: these are the entry rules and are basically from the manual
(05:16 PM) trader139: do u consider daily trend
(05:16 PM) Buffy_04364: the goal is to trade in the direction of the trend and to be able to quantify your risk at any time
(05:16 PM) Buffy_04364: if you look at this chart you can see the entries
(05:17 PM) Buffy_04364: we only heard the first rule
(05:17 PM) Buffy_04364: if you use entries 2-3-4 your risk is only a few points
(05:17 PM) Buffy_04364: EOS entry
(05:17 PM) Buffy_04364: breaking of top of bottom of square in direction of trend
(05:18 PM) Buffy_04364: or breaking of 45 degree angle
(05:18 PM) Buffy_04364: your risk is only a few points in every trade
(05:18 PM) rambler_12: connectivity probs--which chart we on now?
(05:18 PM) Buffy_04364: if I wait for price to get to one of these points, eos top or bottom of square or break of 45 degree angle those are my best entries
(05:19 PM) beanman_1: chart 8
(05:19 PM) rambler_12: thx
(05:19 PM) Hat7: y
(05:19 PM) hanksterr: y
(05:19 PM) Buffy_04364: owe can read them on the chart
(05:19 PM) Buffy_04364: yes I can
(05:19 PM) dave_b_quick: y
(05:19 PM) reset_3: y
(05:19 PM) Hat7: y
(05:19 PM) beanman_1: But can you see the possible entries with limited risk
(05:19 PM) Orprepus: y
(05:19 PM) donl_2: y
(05:20 PM) trader139: how would you set your stop on a diag line trade
(05:20 PM) Buffy_04364: using pyra pt you know very quickly if you are wrong
(05:20 PM) Buffy_04364: if you enter with these rules
(05:20 PM) dave_b_quick: near the lines it's limited risk because you can set your sl on the other side of the line?
(05:20 PM) Buffy_04364: you set your stop on a diagonal trade a few pts above the diagonal
(05:21 PM) beanman_1: yes..you can almost draw another diagonal line with an alarm in pyra
(05:21 PM) donl_2: you use the 45 and 90 deg lines as s & r
(05:21 PM) scottybythelake: are the blue and purple trend lines of what value setting
(05:21 PM) Buffy_04364: I think it is the whole channel Dave
(05:21 PM) trader139: es?
(05:21 PM) Buffy_04364: in the book don hall suggests a stop above the diagonal a few ticks for like a week
(05:21 PM) Buffy_04364: does he mention shorter term trades
(05:21 PM) QSuzy: Does the tool drawing update in real time?
(05:22 PM) Buffy_04364: if the 45 is support and resistance and also the horizontal lines
(05:22 PM) Buffy_04364: yes suzy
(05:22 PM) trader139: same stop for 15 min and 4 min?
(05:22 PM) Buffy_04364: notice also how the diagonal is right beside the 20 ema on the 15M chart
(05:22 PM) Buffy_04364: price not only has to go above the diagonal but has to close above it
(05:23 PM) Buffy_04364: you see pokes above but not a close
(05:23 PM) ispe_bc: what is fast EMA on this chart?
(05:23 PM) Buffy_04364: they are running stops if it just pokes above
(05:23 PM) Buffy_04364: 20 ema is fast on this chart
(05:23 PM) Buffy_04364: ok lets talk about the rules for eos
(05:23 PM) reset_3: on ensign windows where can I find this pyra pt ?
(05:23 PM) Buffy_04364: and what a change of trend is
(05:23 PM) beanman_1: The P
(05:23 PM) Buffy_04364: draw tools
(05:23 PM) Buffy_04364: the P
(05:24 PM) Buffy_04364: 4 things can happen at EOS
(05:24 PM) Buffy_04364: at the EOS is where time and price converge - gann
(05:24 PM) reset_3: thanks 
(05:24 PM) Buffy_04364: at the EOS the trend can change down to up up to down sideways to up or down or up/ down to an excelerated up/down
(05:25 PM) Buffy_04364: lost you again
(05:25 PM) Buffy_04364: the eos are the vertical lines 
(05:25 PM) Buffy_04364: and if you look on this chart you can see trend changes at EOS
(05:25 PM) Buffy_04364: if you look at a weekly chart you can pinpoint where EOS will be
(05:26 PM) Buffy_04364: then you go do daily to figure what day EOS might be
(05:26 PM) amfw: For EOS, is trend up/down to sideways also a possibility?
(05:26 PM) Orprepus: what time frames do you look out
(05:26 PM) Buffy_04364: then if you go to hourly you can anticipate where weekly/daily/hourly EOS might occur
(05:26 PM) trader139: maybe  u could talk about selecting anchors and when to change them
(05:26 PM) Orprepus: out = at
(05:26 PM) beanman_1: Wkly, daily, 60 or 130 min , 15, min and 4min.. part of my pretrade routine
(05:26 PM) Buffy_04364: anchor on a significant high low
(05:27 PM) beanman_1: I meant 120 mih
(05:27 PM) Orprepus: why not multiple of 4 on time frames
(05:27 PM) Buffy_04364: that is what differentiates an EOS on a 15M and what might be eos on weekly, daily, etc
(05:27 PM) Orprepus: 16m vs 15m??
(05:28 PM) ispe_bc: When do they next converge?
(05:28 PM) Buffy_04364: it is very simular to a cluster fib - a retracement is not big deal but if happens to be through fib numbers than it means something
(05:28 PM) Buffy_04364: they converge when they all hit eos at the same time
(05:29 PM) Buffy_04364: you can see on this 15m chart it broke above resistance at 1554 and is now traveling with the 45 degree upward channel
(05:29 PM) beanman_1: go to chart 9
(05:30 PM) Buffy_04364: how did that funny mumble jumble happen?
(05:30 PM) Buffy_04364: hmm
(05:30 PM) Orprepus: nice chart
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(05:30 PM) Buffy_04364: these are great charts beanman
(05:30 PM) beanman_1: thks
(05:30 PM) Buffy_04364: here I have pointed out some of the possible entry points using the previous rules
(05:30 PM) Orprepus: thx you for doing this - I know it takes time to type up those notes
(05:31 PM) Buffy_04364: we all appreciate the time you put into this
(05:31 PM) Buffy_04364: I have also show you the objective
(05:31 PM) Buffy_04364: if you are short the top of square going down next objective is 45 degree angle
(05:31 PM) Buffy_04364: second objective is bottom of the square
(05:31 PM) Buffy_04364: in the first example you may want to take profits at the bottom of the square
(05:31 PM) QSuzy: beanman.....Ensign seems to automatically input degrees....is this something one should tinker with?
(05:32 PM) Buffy_04364: properties window suzy
(05:32 PM) Buffy_04364: is where degrees are changed
(05:32 PM) QSuzy: thks
(05:33 PM) Buffy_04364: again beanman thanks for the time you put in getting these charts ready for us
(05:33 PM) trader139: how low do u stay with this anchor
(05:33 PM) trader139: long
(05:33 PM) Buffy_04364: dave can you pull these charts and put them on website for future reference?
(05:33 PM) QSuzy: thanks beanman.....very interesting....I'll be watching your charts.
(05:33 PM) Buffy_04364: if today is swing low I will reanchor pyrapoint
(05:33 PM) Buffy_04364: go to chart pyra10
(05:34 PM) Buffy_04364: when ever I go from swing high to swing low I reanchor
(05:35 PM) Orprepus: re anchor on all time frames when you have a change from swing high to swing low?
(05:35 PM) Tom_B: is 15 min the primary timeframe ?
(05:35 PM) Buffy_04364: good ? Orprepus
(05:35 PM) ppusa: why didn't price stop at the -68?
(05:35 PM) Buffy_04364: tom this works in any TF
(05:35 PM) dave_b_quick: ya, we can put these on a pyrapoint page
(05:35 PM) Buffy_04364: thanks dave
(05:36 PM) rambler_12: swing low sweet chariot 
(05:36 PM) Buffy_04364: after reanchored at zero after the 12th bar there is an eos and a change in trend and price is traveling up the 45 degree highway
(05:36 PM) Buffy_04364: you can also see a couple of pullbacks to the horizontal line 1556 and your risk was just a few points below that
(05:37 PM) Buffy_04364: and now you can see we ended the day on EOS 
(05:37 PM) Buffy_04364: we also remember after we went through the top of square next objective is top of square and where you tighten your stop
(05:37 PM) Tom_B: at wht point wud you  reposition anchor, whn horiz line @ TOS around 1560 /
(05:37 PM) Buffy_04364: if I sold I would wait for a pullback now to the 45 degree angle
(05:38 PM) hilander_3: hola 
(05:38 PM) hilander_3: }}}11111111111
(05:38 PM) Buffy_04364: if I go long my risk would just be a few points below the 4 degree
(05:38 PM) Buffy_04364: he said he repositions at swing high and low tom
(05:38 PM) Buffy_04364: go to chart 11
(05:39 PM) hilander_3: nadiuienpendejo!!!!!!!!!!!!!111
(05:39 PM) beanman_1: Tom, this is a 4min chart
(05:39 PM) Tom_B: ok
(05:39 PM) hilander_3: !!!!!!!!!!!!
(05:39 PM) Buffy_04364: you can see pyrapoints works in any tf
(05:39 PM) Buffy_04364: however this is traveling up the 4 degree line
(05:39 PM) hilander_3: jjajjjaaa
(05:39 PM) hilander_3: jajajajaaa
(05:39 PM) Tom_B: can the diff timeframe pyra's be overlapped on 1 chrt /
(05:39 PM) Tom_B: ?
(05:39 PM) Buffy_04364: but the pullback stops at the upward support line f the 15 minute chart
(05:40 PM) hilander_3: jajaj hi9jo de perra!!!!!!!!!!!!!!!!!!
(05:40 PM) Buffy_04364: no they can't tom
(05:40 PM) hilander_3: porca mise3riaaaaa!!!!!!!!!!!!!1
(05:40 PM) Buffy_04364: retracement in a 4M are actually pullbacks to support lines in teh 15M chart
(05:40 PM) Orprepus: watch time frames do you watch during your trading  4m entry - 15M swing high or low - 60M?
(05:40 PM) dave_b_quick: hilander_3 has been bounced from the group
(05:41 PM) Buffy_04364: so if you are trading a 4M chart you probably wouldn't want to go short when it broke TOS around 1558
(05:41 PM) Orprepus: agree
(05:41 PM) Buffy_04364: I actually think this might be a good combination to use with retro
(05:41 PM) Orprepus: what ya think dave
(05:41 PM) Buffy_04364: thanks dave for the bounce
(05:41 PM) ppusa: The default setting on Ensign I just got was 22 when attached to 15 min. How do I decide whether to use 11 or 22?
(05:42 PM) Buffy_04364: you have to get used to adjusting the degrees based on how stock is moving and the volitility
(05:42 PM) ppusa: Because I have seen price blow past the square and this has been a problem for me.
(05:42 PM) Buffy_04364: 22 for 15M chart and 11.5 for 4M and 2.8 on 1M or 2M chart
(05:42 PM) Orprepus: degrees that is
(05:42 PM) Buffy_04364: if on a time line also should be looking for change of trend
(05:42 PM) hanksterr: please give all three settings for STO
(05:43 PM) Orprepus: this was great
(05:43 PM) Buffy_04364: it sure was orprepus
(05:43 PM) dave_b_quick: fast RSI setting?
(05:43 PM) donl_2: THANKS VERY INTERESTING
(05:43 PM) Buffy_04364: I highly suggest the book
(05:43 PM) rambler_12: no questions here but thanx-- very educational
(05:43 PM) Buffy_04364: you did a great job beanman!!!!!!!!
(05:43 PM) jazzallnite: thnx...very good
(05:43 PM) QSuzy: Have you had good success with this tool?
(05:43 PM) ppusa: thanks Beanman. 
(05:43 PM) amfw: Thank-you Beanman!
(05:44 PM) QSuzy: ok
(05:44 PM) Buffy_04364: just starting to trade it suzy
(05:44 PM) Buffy_04364: going back to chart 7
(05:44 PM) StefanSiara: what is the name of the book?
(05:44 PM) Buffy_04364: pyrapoint by don hall
(05:44 PM) Buffy_04364: available on ensign website
(05:44 PM) StefanSiara: thanks
(05:44 PM) beanman_1: OK I am on chart 7
(05:44 PM) Buffy_04364: cheapest there
(05:44 PM) hanksterr: what is %k and %d for the 45 bars
(05:45 PM) Buffy_04364: red arrows are keyed by what?
(05:45 PM) Buffy_04364: I see them Roger
(05:45 PM) Buffy_04364: he is gone
(05:45 PM) Buffy_04364: oh ok
(05:46 PM) beanman_1: Hank, 45 bar stochk=3, d=5
(05:46 PM) hanksterr: ty
(05:47 PM) Buffy_04364: I see what you mean Roger by the nice thrust that follows those arrows
(05:47 PM) Orprepus: roger ask question again
(05:47 PM) beanman_1: Buffy, the red arrow show where stoch,asi and rsi were below 25
(05:47 PM) Buffy_04364: how are the arrows generated on chart 7
(05:48 PM) Buffy_04364: ahh ok 
(05:48 PM) beanman_1: drawing tool the arrow
(05:48 PM) Buffy_04364: oh ok
(05:48 PM) Buffy_04364: let us know when you figure out how to do it roger :-)
(05:48 PM) QSuzy: Did beanman ever say what asi is?  I was out of the room for a couple minutes....
(05:48 PM) Buffy_04364: color bands might be the way to go maybe
(05:49 PM) Buffy_04364: is can be downloaded from the ensign website 
(05:49 PM) beanman_1: Accumulative Swing INdex by Well Wilder...
(05:49 PM) Buffy_04364: it is an espl study
(05:49 PM) QSuzy: thks
(05:49 PM) Buffy_04364: yes
(05:49 PM) beanman_1: say guy who dev  ADX
(05:49 PM) beanman_1: t lo's fav
(05:50 PM) Orprepus: is there a setting for ASI
(05:50 PM) beanman_1: NO..
(05:50 PM) Orprepus: thxs - sto setting for all time frames
(05:50 PM) beanman_1: I actually have an ESPL study that tells me when all three are above 75 or below 25 works in all TF's
(05:51 PM) Buffy_04364: LOL we all have that problem ppusa
(05:51 PM) Orprepus: cool - you wrote
(05:51 PM) beanman_1: Pd Kimball $50
(05:51 PM) Buffy_04364: it is incorporated with the asi espl?
(05:51 PM) beanman_1: Yes.. has to be
(05:51 PM) Orprepus: cheap
(05:52 PM) ppusa: missed comment phone
(05:52 PM) rambler_12: yes predict is a bad word
(05:52 PM) beanman_1: I am trying just standardized on 3 indicators and Pyra
(05:53 PM) Orprepus: KISS wins all the time
(05:53 PM) Buffy_04364: kiss principle
(05:53 PM) Buffy_04364: lol
(05:53 PM) Orprepus: lol
(05:53 PM) Buffy_04364: we think alike orprepus
(05:53 PM) Orprepus: yes
(05:53 PM) rambler_12: avoid paralysis by analysis
(05:54 PM) trader139: bman any comment on using tick charts with pyra?
(05:54 PM) beanman_1: work great except that you lose time element
(05:54 PM) beanman_1: Also PNF works great..
(05:54 PM) rambler_12: yes --a multiple of indicatros--are great
(05:55 PM) trader139: so COT is no longer valid but it may be a volume cycle
(05:55 PM) Roger Schelling: yea
(05:55 PM) Roger Schelling: anyway
(05:55 PM) Orprepus: got to circulate to percolate - trading is a lone life without paltalk
(05:55 PM) beanman_1: similar concept with PNF because PNF uses 45 degree angles for support resistance
(05:55 PM) Roger Schelling: your show beanman
(05:55 PM) ppusa: I am the king of being early
(05:55 PM) beanman_1: show what?
(05:56 PM) hanksterr: beanman, can you post a chart of the alerts to get those red arrows
(05:56 PM) Buffy_04364: ppusa we need you to figure out how to post charts so you can do a discussion on your PnF
(05:56 PM) beanman_1: Sure, let me find one.. or I will tomorrow
(05:56 PM) Orprepus: had book first or meeting with don hall?
(05:56 PM) ppusa: okay
(05:56 PM) hanksterr: this was fantastic, ty
(05:56 PM) trader139: thank u bman. i hope u get lots of beans to count!
(05:57 PM) QSuzy: thanks beanman......bye guys......hasta manana...
(05:57 PM) Buffy_04364: agree about lonely business orprepus
(05:57 PM) Buffy_04364: yes it is
(05:57 PM) Buffy_04364: rsi3
(05:57 PM) Buffy_04364: bye Qsuzy
(05:57 PM) Buffy_04364: see you tomorrow
(05:57 PM) 2Devs: BeanMan Say I want to thank you for the effort you put into the charts.  And the time you spent explaining.
(05:57 PM) beanman_1: Yes.. what is cool that a fast RSI, with slow stoch and ASI isolates swings
(05:57 PM) Buffy_04364: ditto dev
(05:58 PM) 2Devs: It helped alot!  Answered some questions
(05:58 PM) dave_b_quick: thanks much, a glimmer of light here
(05:58 PM) Buffy_04364: yes your presentation was very thorough
(05:58 PM) beanman_1: often the RSI pops up , pyra his support/resistance and use RSI for entry
(05:58 PM) ppusa: Yes, thank you. Your comment on adjusting the degrees should help me alot.
(05:58 PM) Tom_B: tnx
(05:58 PM) NADOMED: is that a 3 min rsi bars or nim's
(05:58 PM) Buffy_04364: sure answers anyone who is wondering about it and wehter to get book or not
(05:58 PM) Orprepus: it is in the notes 
(05:58 PM) Buffy_04364: 45 bars roger
(05:58 PM) ppusa: goodnight all
(05:58 PM) Buffy_04364: %K is 3
(05:58 PM) beanman_1: Book talks about RSI popping up on retracements...
(05:58 PM) Buffy_04364: %D is 5
(05:58 PM) Orprepus: see ya ppusa
(05:59 PM) Buffy_04364: night ppusa
(05:59 PM) beanman_1: Thanks all.. I like pyra because you quickly know if you are wrong and fighting the trend...
(05:59 PM) scottybythelake: the charts and script will be archived???
(05:59 PM) Buffy_04364: ok guys I have to go and finish getting ready no
(05:59 PM) Buffy_04364: yes dave is going to put them up on a page
(06:00 PM) Buffy_04364: I am going to edit this to be included
(06:00 PM) scottybythelake: thx all
(06:00 PM) Buffy_04364: so night all and see you tomorrow
(06:00 PM) Orprepus: good job typing buffy
(06:00 PM) Buffy_04364: thanks O
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(06:00 PM) beanman_1: Thanks Buffy
(06:00 PM) scottybythelake: must be 90wpm
(06:00 PM) Buffy_04364: night
(06:01 PM) Buffy_04364: going to leave this open so type anything else you might want included in the script to be posted to the website
(06:01 PM) Buffy_04364: will work as long as dsl doesn't go down
(06:01 PM) Orprepus: bman - sto settings the same for all time frames?
(06:01 PM) beanman_1: yes
(06:01 PM) Orprepus: cool
(06:01 PM) GGriz: 2Devs check my note b4 u go
(06:02 PM) Orprepus: degrees for higher time frames - weekly daily 120M 60M
(06:02 PM) Roger Schelling: What is the ASI?
(06:03 PM) beanman_1: Welles Wilder Accumulative Swing Index
(06:03 PM) trader139: bman is there any point to using 15m 45m and 135m which are all multiples of 3 or should u stagger the time frames?
(06:03 PM) Roger Schelling: ok thx
(06:03 PM) donl_2: TRADERS I ENJOYED IT, GN
(06:04 PM) Orprepus: bman - why 15m and not 16M??
(06:04 PM) Orprepus: gn donl
(06:04 PM) beanman_1: I am just sticking to wkly, daily, and perhaps 120 to just know if there are any EOS coming into play that day.. 
(06:05 PM) beanman_1: And then during the day 4 min, 15min and maybe 60 or daily
(06:05 PM) beanman_1: 15 or 16.. I may try 16.. but no real difference that I know of 
(06:06 PM) beanman_1: There are some Gann reason as to which numbers to use.. 
(06:06 PM) scottybythelake: how many pts/wk has this been generating
(06:06 PM) beanman_1: because this is based on square of 9
(06:06 PM) Orprepus: i have been using 4, 16, 60 120 and sometimes look at 32
(06:06 PM) trader139: if u hit a diag on 60 min and horiz on 15min is that a confirmation?
(06:07 PM) beanman_1: trdr 139 would have to see it..
(06:07 PM) Orprepus: I was thing multipel of 4 for time frames
(06:07 PM) Orprepus: thing = thinking
(06:08 PM) Orprepus: really like the 120m have for a long time
(06:08 PM) beanman_1: You always want to trade the square and triangle you are in..
(06:08 PM) beanman_1: Yes 120 min is good
(06:08 PM) Orprepus: just cuts down on the noise
(06:08 PM) beanman_1: I also anchor based on the signficant high/low for that timeframe
(06:09 PM) Orprepus: yes
(06:10 PM) beanman_1: daily I have anchored fo  several months... 15min for several days. possibly changing for today
(06:10 PM) beanman_1: 4min I change almost every day
(06:10 PM) Orprepus: did you see my chart from yesterday 120M NDX2
(06:10 PM) beanman_1: I the seminar I attend with Don Hall , unlike the book, he now reanchors the small TF on every swing/wave
(06:10 PM) beanman_1: I will chk it out.
(06:11 PM) Orprepus: did you get the book first and than the semiar?
(06:11 PM) beanman_1: Degrees also change.. can be 11degrees going down.. then retrace / consolidate at 5.6 degrees...
(06:11 PM) beanman_1: Yes..
(06:11 PM) beanman_1: Studied the book for several weeks. and also talked to Don a lot on phone and email before attending
(06:12 PM) beanman_1: He is a great guy,  like T. Lo
(06:12 PM) Orprepus: great might do the same this PP seems to resonate with me
(06:13 PM) beanman_1: If you ever read any Gann stuff, they talk about Harmonics and vibrations.. that is what you see in PP, the price "vibrates or oscillated up/down the channel
(06:13 PM) amfw: Is the criteria for a new swing on the short TF all three indicators hitting 27/75 and , if so, do you use the same criteria for the longer TF's?
(06:14 PM) beanman_1: Gann also thought time was more impt than price.... Hence the EOS is very impt, higher TF' rule on EOS
(06:15 PM) beanman_1: Remember , Like Elliott Wave, you can have waves within waves.. nothing goes straight up or down...
(06:16 PM) beanman_1: Yes AMFW
(06:16 PM) beanman_1: below 25 or above 75.. Don calls them his barometer.. He still looks for confirmation with Pyra
(06:17 PM) beanman_1: The indicator show you the past.. Pyra suggest where it may go in the future.. with a way to limit your risk
(06:17 PM) beanman_1: indicators = rear view mirror,.. Pyra is looking out the front windshield
(06:23 PM) elly_34: are we on still?
(06:23 PM) Orprepus: like the steps - the market does not like to take big jumps it trys to have some order in chaos - just look at the daily every couple of weeks we take a jump and skip a couple of step and the market makes sure to fill in the step
(06:24 PM) Orprepus: done for the day closing up shop until tomorrow - see ya
(06:25 PM) beanman_1: Orprepus. with PP, you hvae to trade the TF you are most comfortable with and with you risk tolerence.. Futures requre so much precision..with PP you can scalp on the lower TF's with tight stops or trade the higher TF with wider stops
(06:27 PM) beanman_1: The goal is to always now where you are at in the market / trade... so yes you can go long in the 4min at support, even though the 15 min and perhaps others are in a downtrend, but you odds are lower..
(06:28 PM) elly_34: does don hall have a website?
(06:29 PM) beanman_1: No, But he has a bunch of QA and FAQ at Tradersworld.com    They are the publishers of his book.  I am not sure that is the right URL.. so do a search
(06:30 PM) elly_34: ty
(06:30 PM) beanman_1: Also, there have been several articles in the previous Ensign monthly newsletters
(06:30 PM) beanman_1: And there is a Pyrapoint yahoo group
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(06:31 PM) elly_34: interesting
(06:31 PM) beanman_1: I highly recommed the book..
(06:33 PM) beanman_1: For any successful trading plan/srategy you  need a trading plan with rules for entry/exit, a miniimum of indicators, software to support it (Ensign and Pyra), and most important an Edge ( from the book Trading in the zone)
(06:33 PM) elly_34: i'm probably asking what has been asked, but i had to be away from here so pls bear with me.....how much does the pyrapoint factor into your trading decision beanman?
(06:34 PM) FoxyDaveUK 1446: hi im new to this.is there any site to go to for beginers lol
(06:34 PM) beanman_1: Trading is at least 90 or more psych and emmotions...
(06:35 PM) beanman_1: With Pyra and the rules for enty you can isolate some of the emmotions because shows you were to enter and if you do , where you are wrong
(06:35 PM) elly_34: so rules with pyra can be more mechanical?
(06:36 PM) beanman_1: Yes...Study the rules I posted... and visualize on the charts where you could have entered.. with the trend.. of the next higher TF
(06:37 PM) elly_34: are your rules in this chat or posted elsewhere on the site?
(06:37 PM) FoxyDaveUK 1446: so no one wants to talk to me
(06:38 PM) beanman_1: If you entered against the trend.. and price goes above/below the top/bottom of the square against you, you are wrong..
(06:38 PM) beanman_1: If it goes above/below the 45 against you are wrong .. 
(06:38 PM) beanman_1: No matter what you think, hope, pray, what CNBC says.
(06:39 PM) FoxyDaveUK 1446: im seeing all the names you all asleep lol
(06:39 PM) trader139: for daily, weekly do u use ES (24 hr trade) or day session omly (SP)
(06:40 PM) beanman_1: Don Hall , the author suggest just the day session..
(06:40 PM) beanman_1: not enought volume during the night
(06:40 PM) elly_34: foxydave we are having a trading discussion
(06:41 PM) FoxyDaveUK 1446: so where can i get help plz
(06:41 PM) trader139: foxy this presentation will be archived at dacharts_dachart_dacharts_dachart.com
(06:41 PM) FoxyDaveUK 1446: ok
(06:43 PM) beanman_1: Good night al.. dinnertime..
(06:45 PM) elly_34: thank you so much
(06:45 PM) elly_34: nite all
(06:46 PM) Roger Schelling: Thanks beanman_1 much aprreciated
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(07:27 PM) luv-to-trade: how did retrotrader end up today?  I had to be gone all day
(07:28 PM) reset_3: that any one know the book that beanman was talking ?  I get the autor Don Hall but not the nema of the book
(07:29 PM) reset_3: name
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(07:42 PM) scottybythelake: yahoo pyrapoint links http://google.yahoo.com/bin/query?p=pyrapoint&hc=0&hs=0
(07:49 PM) scottybythelake: more pyrapoint  http://tradersworld.com/
(07:50 PM) amfw: Y
(07:51 PM) hanksterr: name of the book is Pyrapoint
(07:51 PM) Quikshorty: thanks
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(08:14 PM) reset_3: thanks handk and scotty
(08:16 PM) scottybythelake: TraderWorld is quite a repository of info
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