Welcome Msg: Welcome index futures traders and TrendVUE.com alumni. Today's charts at www.DaCharts.com
WARNING: Any trades posted here are for educational purposes only. Don't take the trades
unless you understand them and can take the risk.
<morning chart transcript is
missing...>
Tom_B: G, To me..in my warped perspective we are in a
w:4 now
Daniel X: yes NQ
(11:08 AM) google_2: thanks
(11:09 AM) Tom_B: W:5 of A
(11:11 AM) Rose0001: Keep losing
connectivity... :-(
(11:11 AM) Tom_B: but ELL is SO subjective & best
in HINDSIGHT :)
(11:11 AM) Daniel X: Rose r u on the Esat coast?
(11:11 AM) Daniel X: east?
(11:11 AM) Rose0001: Yes.
(11:11 AM) Daniel X: problems snce last night
(11:11 AM) Daniel X: since
(11:11 AM) Daniel X: nation wide
(11:11 AM) Rose0001: Are you on cable?
(11:11 AM) Daniel X: yep
(11:11 AM) dave_b_quik: sb17, i
couldn't answer yr pm 'cuz you only allow text messages for those on yr buddy list
(11:11 AM) Daniel X: u were l?
(11:11 AM) Tom_B: y
(11:11 AM) Daniel X: ok
(11:12 AM) Daniel X: now we can get back to the
Enronitis
(11:12 AM) google_2: missed that
(11:12 AM) scorp: i got it, but
missed everything else
(11:12 AM) google_2: railroads
generally reverse
(11:13 AM) sb17: rose, thanks for your ema info on
Chimp before. that little bit of info, helped me to make $
(11:13 AM) scorp: that is what i
have been watching for
(11:14 AM) sb17: thanks for responding, dave. we'll
have to fix my buddy list after the close
(11:15 AM) dave_b_quik: OK
(11:15 AM) google_2: ok pp
(11:15 AM) google_2: 75 as expected
(11:15 AM) google_2: that's key
(11:15 AM) scorp: now where?
(11:16 AM) Daniel X: SB!&...just double click the
name and you'll see an addpal choice..thats it
(11:16 AM) Tom_B: l 78.5
(11:16 AM) Daniel X: still short 87
(11:16 AM) Daniel X: .50
(11:16 AM) sb17: thanks Daniel
(11:17 AM) Daniel X: kewl
(11:17 AM) google_2: ann schneitzen on
5 min?
(11:17 AM) scorp: chimp flat with
mas?
(11:17 AM) ann_87: isn't it too early?
(11:17 AM) Rose0001: Yes, scorp.
(11:18 AM) google_2: yes but.... :-)
(11:18 AM) sb17: chimp flat on ES at the moment
(11:18 AM) Daniel X: well they took 1/2 of the run
up..we stall a bit
(11:20 AM) scorp: chimp doing es?
interesting
(11:22 AM) johnl96: dang, another LBR reversal buy on
the 2 min es and I missed it again!!!
(11:22 AM) ann_87: h and s on 5?
(11:22 AM) johnl96: could I get a wake up call for noon
eastern please?
(11:25 AM) Daniel X: still short87.50
(11:26 AM) scorp: bear flags on one
minute
(11:28 AM) Daniel X: now if 75 holds again...we'll be
choppin around for awhile
(11:29 AM) ppusa: until next hour
(11:29 AM) Daniel X: hope not!
(11:30 AM) strad -: short
(11:31 AM) Daniel X: im still convinced that once the
pit saw 65 to 69 print this am they will take us down to 40
(11:31 AM) tippet: chop city time
for Patriots parade yeahhhhh hoorah
(11:31 AM) ppusa: why?
(11:31 AM) scorp: is that where
Buffy is?
(11:32 AM) Daniel X: why what?
(11:32 AM) fooliosbrother: PATS
(11:32 AM) Daniel X: me?
(11:32 AM) ann_87: yest low test
(11:32 AM) ppusa: yes dan, why 40?
(11:33 AM) ppusa: given the daily chart
pattern, tomorrow's high should be in the 80's regardless if down before
(11:34 AM) Daniel X: thats 1144 sorry
(11:34 AM) Daniel X: when i called the 6 week
rally..remember?
(11:34 AM) Tom_B: tnk 72 for this swng then rotat
up...just an opinion
(11:34 AM) tippet: hit 62% retrace
of day s move
(11:35 AM) ppusa: 1100 to 1730 divided
by 2 is?
(11:36 AM) Daniel X: im counting the beginging of the
fib retrace
(11:37 AM) Daniel X: if sorry PPusa against the NDH
(11:37 AM) Daniel X: man i cannot type
(11:38 AM) Daniel X: we held just above support
(11:39 AM) Daniel X: still short @87.50
(11:39 AM) ppusa: held at support or it
would not have held
(11:39 AM) ppusa: low last hour 70
(11:39 AM) Daniel X: thats right
(11:39 AM) ppusa: this hour 72.5
(11:39 AM) tippet: Tom B if were in
w4 now u think we would get the swoon down w5 later this afternoon?
(11:40 AM) ppusa: need go put in a high
(11:40 AM) ppusa: for this hour
(11:40 AM) ann_87: 30 min looks like h
and s possible
(11:40 AM) ppusa: what happened to the
dan i used to know?
(11:40 AM) ppusa: this one is no fun
(11:41 AM) ppusa: no scalp
(11:41 AM) ppusa: no fun
(11:41 AM) johnl96: another LBR 20 bar reversal buy.
Caught this one
(11:41 AM) Daniel X: lol PPUSA
(11:42 AM) ppusa: 3 humps down on that
last drop
(11:42 AM) Daniel X: i am scalping...cutting half and
holding the rest
(11:42 AM) ppusa: anyone notice?
(11:42 AM) Daniel X: yes i did
(11:42 AM) google_2: tes pp
(11:42 AM) google_2: tes = yes
(11:42 AM) google_2: :-)
(11:42 AM) Daniel X: still short @87.50
(11:43 AM) ppusa: yea yea
(11:43 AM) Daniel X: since 10:45
(11:43 AM) Daniel X: i'm serious
(11:43 AM) ppusa: i short at 88 when
they get your stop
(11:43 AM) Daniel X: lol
(11:43 AM) tomsurf: yes sure
did....maybe silly question but do 3 humps down tend to work like 3 humps up?
(11:43 AM) google_2: yes
(11:43 AM) google_2: tomsurt
(11:43 AM) tomsurf: cool, thx googs
:-)
(11:44 AM) google_2: that's why I call
them rule of 4 to make it easy for me and everyone to spot them
(11:44 AM) ppusa: really dan, don't you
think there will be a test up to 88?
(11:44 AM) google_2: actually the name
comes from Jeff Cooper
(11:44 AM) google_2: for those who know
who he is
(11:44 AM) Daniel X: macd crossed i'm out oh well
(11:45 AM) ppusa: not oh well you dork
(11:45 AM) ppusa: what happened to the
scalper?
(11:46 AM) Daniel X: i did scalp
(11:46 AM) ppusa: did not
(11:46 AM) Daniel X: cut 3 at 79 and the rest at 81.50
(11:46 AM) johnl96: google, is that who the Cooper
Breakaway is named for?
(11:46 AM) ppusa: what abooout the 3
hump dip to 75?
(11:47 AM) ppusa: 72.5?
(11:47 AM) Daniel X: i was in since 10:45 from 87.50 no
worries
(11:48 AM) Daniel X: XMAX
(11:48 AM) google_2: john
(11:48 AM) ppusa: sounds like you are
constipated
(11:48 AM) raz_62: why did you wait till it was below
80 to say you were short
(11:48 AM) google_2: not familiar with
the term but I'd guess so
(11:49 AM) johnl96: I just made it up googs
(11:49 AM) johnl96: just kidding, I didn't really
(11:49 AM) google_2: lol
(11:49 AM) Daniel X: i'm using key trade areas along
with sup/res and smax
(11:50 AM) google_2: knowing where
sup/res are is key
(11:50 AM) QSuzy: Daniel....what tf are you using for
smax?....5min?
(11:50 AM) Daniel X: 2/5
(11:50 AM) QSuzy: tx..
(11:50 AM) strad -: VERY key!
(11:51 AM) google_2: price keeps
stopping downward at these mediocre levels
(11:51 AM) google_2: what's 1457?
(11:51 AM) google_2: lol
(11:51 AM) Tom_B: 72 yest old level
(11:52 AM) google_2: meant lod or swing
(11:52 AM) google_2: like that 1472
(11:52 AM) google_2: nothing
significant about it
(11:53 AM) Daniel X: target support points are
1460,1457,1452,1445 to 1443 and the days target is 1440
(11:53 AM) manojkrp: hi room
(11:56 AM) Daniel X: volume pretty much at my min
tradable area
(11:56 AM) ppusa: dan press your
control key
(11:56 AM) Daniel X: y?
(11:57 AM) ppusa: do it ....just press
it
(11:57 AM) Daniel X: ok
(11:57 AM) ppusa: and release
(11:57 AM) Daniel X: done
(11:57 AM) ppusa: thanks i got tired of
looking for your name
(12:00 PM) ppusa: well here we are
"near" 88to short or not to short
(12:00 PM) johnl96: I think we should all press the
control key just to drive pp nuts
(12:00 PM) johnl96: :)
(12:01 PM) ppusa: bring it on
(12:01 PM) ppusa: that would have been
funny though
(12:01 PM) Daniel X: i'm staying out between 73 and 86
(12:02 PM) ppusa: i was searching for
his name and if you all had done that it would have moved it back off the top of the list
(12:02 PM) ppusa: i would have busted
up
(12:03 PM) Daniel X: be back in 10 mins everyone
(12:03 PM) ppusa: trying a short
(12:03 PM) ppusa: awfully late
(12:04 PM) scorp: this is where i
usually short and i am always late
(12:04 PM) ppusa: yes it was a bad
trade
(12:04 PM) ppusa: if it works it will
be luck
(12:04 PM) scorp: lol exactly
(12:05 PM) scorp: the Lucky Late
System
(12:05 PM) scorp: i charge $299 for
it
(12:08 PM) ppusa: stupid trying to
trade right now
(12:09 PM) ppusa: mini gartley on 10
tick
(12:09 PM) ppusa: if it was any smaller
i would need a microscope
(12:12 PM) Daniel X: you trading this pp?!
(12:12 PM) ppusa: y
(12:12 PM) Daniel X: k
(12:13 PM) Daniel X: well we closed at noon below 93 so
down again
(12:13 PM) Daniel X: normally
(12:14 PM) Daniel X: smax crossed down
(12:15 PM) Daniel X: but i'm still waiting till we come
out of this
(12:15 PM) Daniel X: loco locals
(12:16 PM) Daniel X: bb pingpong their fav game
(12:16 PM) ppusa: yes it was definately
the most stupid trade of the day
(12:17 PM) FrankT: Daniel you trading the 3 min
smax?
(12:17 PM) Daniel X: no..2/5
(12:17 PM) Daniel X: 2 mostly
(12:17 PM) FrankT: ok thx
(12:17 PM) Daniel X: wells macd though
(12:18 PM) johnl96: 2 min raschke sell on spx chart
(12:18 PM) johnl96: doesn't show up on es tho
(12:18 PM) Tom_B: wells ?
(12:18 PM) Daniel X: wells wilder
(12:18 PM) Tom_B: k
(12:18 PM) Daniel X: setting
(12:19 PM) johnl96: you like buds or something?
(12:19 PM) Daniel X: lol
(12:19 PM) Daniel X: nope
(12:20 PM) FrankT: which macd length Daniel?
(12:20 PM) Daniel X: 4/11/6
(12:20 PM) FrankT: thx
(12:25 PM) Daniel X: i can't beleive my 87.50 is still
not stopped!!
(12:25 PM) Daniel X: shoulda held it
(12:26 PM) jimmer49: price bouncing
back and forth between 8 period bb on 2 min almost like clockwork - 4 point swings
(12:26 PM) Daniel X: yep locals fav trade
(12:27 PM) ppusa: nothing like
reinforcing bad behavoir
(12:27 PM) jimmer49: usually breaks out
of range as soon as I post something like that
(12:27 PM) Daniel X: he eh
(12:27 PM) Daniel X: he he
(12:29 PM) cluetrain: jimmer, i just finished a
month in T's room and am starting to study your "SMAX". thanks for sharing your
work.
(12:29 PM) ppusa: out
(12:29 PM) jimmer49: you are welcome
cluetrain
(12:29 PM) Daniel X: CLUE: how is T doing in the romm?
(12:29 PM) ppusa: wwwaaahhhhhhhhhhhhhh
(12:29 PM) Daniel X: room
(12:30 PM) cluetrain: pretty good. she's very steady.
no real drawdowns
(12:30 PM) ppusa: osold here?
(12:30 PM) Daniel X: but what about points gained?
(12:30 PM) Daniel X: i've never seen her tkae more than
5 points
(12:31 PM) Daniel X: but thats when i was there maybe a
year ago
(12:31 PM) Daniel X: market conditions ..i guess
(12:31 PM) cluetrain: well, i was more tuned into
lessons than points. she was definitely on the plus side :-)
(12:31 PM) Daniel X: ok
(12:32 PM) Daniel X: thnx
(12:32 PM) johnl96: who's T?
(12:32 PM) jimmer49: It always seemed
to me that for all her knowledge, T is a real underachiever when it comes to actual
trading
(12:32 PM) Daniel X: PP we closed below 93 again this
last 30 min perod so...
(12:33 PM) johnl96: wait, let me guess...
(12:33 PM) johnl96: down?
(12:33 PM) cluetrain: jimmer, i think she just hates to
lose
(12:33 PM) ppusa: so what does that
mean and why
(12:34 PM) cluetrain: then once in a while on a
directional day she kills 'em
(12:34 PM) cluetrain: john, T is teresa lo
(12:35 PM) johnl96: k, thanks
(12:35 PM) cluetrain: np
(12:35 PM) ppusa: dan that was a
successful test of the previous pb
(12:35 PM) ppusa: so far
(12:35 PM) ppusa: hour chart lows
(12:36 PM) Daniel X: we spent alot of time between 88
and 93 yesterday so the more often we close a 30 min TF below it the potential for
downside keeps building momentum
(12:36 PM) ppusa: currently an inside
hour
(12:37 PM) Daniel X: tommorrow we'll see 73 to 86 as
the significant #s
(12:38 PM) johnl96: as much as I rag on LBR, her 20 bar
reversal trade has kicked some hind end today.
(12:38 PM) ppusa: okay
(12:38 PM) ppusa: i'll bite
(12:39 PM) ppusa: what is a 20 bar
reversal trade
(12:39 PM) johnl96: it's on her web site
(12:39 PM) johnl96: I'll get the link for you
(12:40 PM) johnl96: http://www.mrci.com/lbr/client/sheet/turtle.htm
(12:41 PM) ppusa: thanks
(12:43 PM) Daniel X: PP r u still in the 20 to 30 rt
mode?
(12:44 PM) ppusa: y
(12:44 PM) ppusa: tried to quit
(12:45 PM) ppusa: unless trend day
(12:45 PM) Daniel X: and its going....
(12:45 PM) Daniel X: ?
(12:46 PM) ppusa: on a trend day i like
to screw it up from the start
(12:48 PM) Daniel X: lol
(12:48 PM) Daniel X: sorry i was AFK
(12:49 PM) cluetrain: jimmer, do you ever trade off the
55tick or is it used to finesse entries and exits on larger time frames?
(12:49 PM) johnl96: raschke buy on 3 min spx
(12:50 PM) johnl96: barely
(12:52 PM) jimmer49: clue - for me it
is mostly the latter
(12:53 PM) Daniel X: well we're about to close below 93
again this last 30 min bar
(12:54 PM) Daniel X: i bet PnF needs a high right?
(12:54 PM) Daniel X: PP?
(12:54 PM) ppusa: only long term
(12:54 PM) ann_87: all we need is
howard to pop in
(12:54 PM) Daniel X: k thnx
(12:54 PM) google_2: lol ann
(12:56 PM) Daniel X: small locals are the only traders
on the floor right now
(12:56 PM) Daniel X: brb
(12:57 PM) ppusa: dan what does 93 mean
toyou
(12:58 PM) ann_87: 72 is 62% retrace
(12:58 PM) ppusa: is it a fib number or
what?
(12:58 PM) google_2: pp 96 is
(12:58 PM) ppusa: thanks ann
(12:58 PM) ppusa: so what is 93
(12:58 PM) google_2: ask him
(12:59 PM) ppusa: i see a brb
(12:59 PM) google_2: you can see price
stopped at 96
(12:59 PM) google_2: which was early
objective of railroad
(12:59 PM) google_2: or should I say
one of the possible objectives
(12:59 PM) ppusa: what is a rr
objective based on
(01:00 PM) ppusa: the high of the
prrevious rr?
(01:00 PM) Daniel X: 93 was the # we need to get above
before the pit stops shorting the rallys
(01:01 PM) ppusa: based on what
(01:01 PM) google_2: dan ??
(01:01 PM) ppusa: why
(01:01 PM) google_2: never heard of
that
(01:01 PM) ppusa: do they have a sign
that says sell here?
(01:01 PM) ppusa: what the heck are you
referriing to?
(01:01 PM) ann_87: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-05/Ann%20%20nq%20%20.jpg
(01:01 PM) raz_62: do they even trade nq in the pit
(01:02 PM) Daniel X: because we traded there alot
yesterday and it's a major trouble area
(01:02 PM) Daniel X: its a key trade point for bears to
switch to bulls
(01:02 PM) ppusa: okay so an overhead
resistance number based on yesterday's price action
(01:03 PM) ppusa: thank you very little
(01:03 PM) Daniel X: pretty much much
(01:03 PM) Daniel X: lol
(01:03 PM) ppusa: do you ever watch the
bonds?
(01:03 PM) Daniel X: difference is...the pit is
watching that 93 also
(01:04 PM) ppusa: oh right
(01:04 PM) Daniel X: nope no bonds
(01:04 PM) google_2: pit watching 93??
Paltalk: An Instant Dating session has just
started. If interested, come join one of the lobbies in the Instant Dating catg now.
(01:04 PM) Daniel X: yes
(01:04 PM) ppusa: they have better
things todo
(01:05 PM) ppusa: yea
(01:05 PM) Daniel X: watch
(01:05 PM) ppusa: you sound like trader
paul
(01:05 PM) Daniel X: lol
(01:05 PM) ppusa: watch the
bonds...watch the bonds
(01:06 PM) ppusa: oh my gosh the bonds
are up
(01:06 PM) ppusa: i can't buy stocks
(01:06 PM) ppusa: well paul we have
been down now for 15 days without a bonce...do you think we should scalp a long?
(01:06 PM) ppusa: no no watch the bonds
(01:06 PM) Daniel X: we can chop between 73 and 86 but
the market will confirm an up move only above 93
(01:07 PM) ppusa: i think the number is
1593
(01:08 PM) ppusa: yo dog........now i
remember
(01:08 PM) ppusa: we used to make fun
of 93 as a price
(01:08 PM) ppusa: remember?
(01:09 PM) Daniel X: lol yes i remember!!lol
(01:10 PM) Daniel X: i was short and cut it way too
soon
(01:10 PM) ppusa: 1493
(01:10 PM) ppusa: months ago
(01:10 PM) Daniel X: it was the short of the month
(01:10 PM) google_2: possble rule of 4
on 5 min
(01:12 PM) ppusa: for what it is worth
i think before any bottom the markets need to extend a bit more. meaning get oversold from
here
(01:12 PM) google_2: l78
(01:13 PM) ppusa: as for today, we
shoulda gone fishing after the first hour
(01:13 PM) scorp: what do you think
i have been doing all day, fishing
(01:13 PM) ppusa: google ???
(01:14 PM) ann_87: pp??????????
(01:15 PM) ppusa: ann??????/
(01:15 PM) google_2: pp???
(01:15 PM) google_2: ann???
(01:16 PM) cluetrain: is this a private
misunderstanding or can anyone jump in?
(01:16 PM) ann_87: lol
(01:16 PM) ppusa: 50 bar ma resis
around 78 - 60?
(01:16 PM) google_2: out -2
(01:17 PM) ann_87: pp is that a 50
min??
(01:17 PM) ann_87: or what time frame?
(01:17 PM) ppusa: 5 min
(01:17 PM) ppusa: translated means the
market is not oversold or overbought
(01:18 PM) ppusa: so a rule of 4
trendline break has a very flat line i think?
(01:18 PM) raz_62: dont that tend to occur when we stay
in a 5 point range for 3 hours
(01:18 PM) ppusa: sometimes raz
(01:18 PM) ppusa: depends on the 3 hour
period
(01:19 PM) ppusa: you know it could be
from 9 to 12 ... or 11 to 2....or
(01:21 PM) google_2: l78.5
(01:22 PM) scorp: broke rule of 4
trend?
(01:25 PM) ann_87: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-05/Ann%20rule%20of%204%20on%2030%20min.jpg
(01:25 PM) ppusa: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-05/Ann%20rule%20of%204%20on%2030%20min.jpg
(01:26 PM) ppusa: http://www.dacharts_dachart_dacharts_dachart.com/charts/2002-02-05/Ann%20rule%20of%204%20on%2030%20min.jpg
(01:26 PM) johnl96: now yer talking
(01:26 PM) scorp: thank you
(01:27 PM) google_2: out 1
(01:28 PM) ppusa: i would love to see
this close on the low. then tomorrow down to 1400 and rip right back
(01:30 PM) Daniel X: well if go down through 69 to 65
area we'll test 57 with target at 40
(01:30 PM) Daniel X: 86 on this end 1rst
(01:31 PM) ppusa: nice smax buy there
(01:31 PM) Daniel X: then 93 and then..well you'll see
(01:31 PM) Daniel X: where?
(01:31 PM) ppusa: there
(01:31 PM) Daniel X: 86?
(01:32 PM) ppusa: 76
(01:32 PM) Daniel X: oh ok
(01:32 PM) ppusa: 77 continuation buy
(01:33 PM) FrankT: pp continuation from where...?
(01:33 PM) ppusa: look at the 3 minute
chart
(01:33 PM) google_2: out +6 flat
(01:34 PM) ppusa: smax continuation off
recent pb low confirmed with a rule of 4 trend line break
(01:34 PM) ppusa: nice google
(01:34 PM) google_2: thank you ann for
nice setup
(01:34 PM) Daniel X: i admire you guys... and gals
ofcourse who can trade these chop areas
(01:35 PM) johnl96: what's a pb low pp?
(01:36 PM) Daniel X: cannot go through 86 hhmmm
(01:36 PM) ppusa: 1471.5 the lowest
pullback since the HOD
(01:36 PM) Daniel X: 70 support
(01:36 PM) ppusa: and now probably
through 86.5
(01:37 PM) ppusa: BB resis up here
(01:37 PM) Daniel X: it has to ..or else
(01:37 PM) mukul_10: can anybody tell me whether there
is a location in pal-talk to put my advertisement
(01:38 PM) ppusa: i think i can i think
i can
(01:38 PM) mukul_10: can anybody tell me whether there
is a location in pal-talk to put my advertisement
(01:38 PM) mukul_10: ppusa, can u pls tell me where
(01:38 PM) ppusa: probably not mukul
(01:38 PM) raz_62: at the top
(01:38 PM) johnl96: yes muk, some other room :-)
(01:38 PM) ppusa: i was referring to
our chat
(01:38 PM) raz_62: in the banner window
(01:39 PM) mukul_10: ppusa, r u sure that there is no
such location
(01:39 PM) mukul_10: john, which room
(01:39 PM) johnl96: I was kidding mukul
(01:39 PM) Daniel X: watch 93
(01:40 PM) google_2: messed up that
trade for sure
(01:40 PM) ppusa: mukul we know nothing
here...contact PalTalk
(01:40 PM) scorp: well google, it
took some time for it to get moving
(01:40 PM) Rose0001: Chimp did that
beautifully but my cable was down. :-(
(01:40 PM) ppusa: and at least you
tried
(01:40 PM) google_2: yes scorp
(01:41 PM) google_2: I cut down my
position early
(01:41 PM) google_2: so was left with 1
(01:41 PM) google_2: anyway
(01:41 PM) raz_62: and got 6 i was even
(01:41 PM) tippet: upper channel
line here
(01:41 PM) johnl96: rose, I've only had cable internet
for a couple of weeks, but when I lose it, I turn off the modem and reboot and it comes
back up
(01:42 PM) Rose0001: Thanks, John. It's
a problem in this area. The TV goes fuzzy, too. The cable company is aware of it and
working on it.
(01:43 PM) raz_62: looks like we had a 1pm reversal of
sorts
(01:43 PM) google_2: ann's head and
shoulders
(01:43 PM) google_2: are now in place
(01:43 PM) Tom_B: if were going dwn, that shd hold
it..otherwise north
(01:43 PM) google_2: we stopped at
neckline
(01:44 PM) Daniel X: 93 must go
(01:44 PM) ppusa: google if it will
help at all, on that setup, smax confirmed beautifully with a buy at 77
(01:44 PM) google_2: yes pp thanks
(01:45 PM) tomsurf: 3 humps on 1min
(01:45 PM) google_2: s87.5
(01:45 PM) johnl96: possible raschke sell coming up on
5 min es
(01:46 PM) ann_87: john have you done a
seminar with LbR?
(01:46 PM) ppusa: guaranteed at least
85
(01:46 PM) ppusa: pnf6
(01:46 PM) johnl96: no, just becoming a huge fan
Paltalk: This is a G rated voice group intended for
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the ctrl key down.
Welcome Msg: Welcome index futures traders and TrendVUE.com alumni. Today's charts at
www.DaCharts.com
WARNING: Any trades posted here are for educational purposes only. Don't take the trades
unless you understand them and can take the risk.
(01:48 PM) johnl96: google, I'm glad you pointed out
the pun, I never woulda caught it
(01:48 PM) johnl96: :)
(01:48 PM) ann_87: so maybe pull back?
and then inverse arc?
(01:49 PM) Daniel X: we still need that 93 to reverse
this bearish trend
(01:50 PM) google_2: out 1
(01:50 PM) jimmer49: ann, the arc narc
(01:51 PM) Rose0001: Chimp crossed on
13 min so only doing long trades for now.
(01:51 PM) Rose0001: Am I online?
(01:51 PM) ann_87: no rose
(01:51 PM) Daniel X: 1505 after1493
(01:52 PM) johnl96: yes rose
(01:52 PM) johnl96: Bummer, 1st raschke loser today
(01:52 PM) Rose0001: Ok, charts are
back. Chimp still long from around 77.
(01:52 PM) google_2: l90
(01:52 PM) scorp: now you can talk
about her again
(01:53 PM) google_2: flat
(01:53 PM) google_2: no long here
(01:53 PM) johnl96: yeah, scorp, she's an idiot!!
(01:53 PM) raz_62: man google you threw me off then
(01:53 PM) Daniel X: should see a huge cover just above
93
(01:53 PM) johnl96: :-)
(01:55 PM) Daniel X: or they'll do what the've been
doing a for days now...short every rally
(01:55 PM) ppusa: still looking for 85
(01:56 PM) ann_87: 86.50 supp
(01:56 PM) tippet: theyre buying
the sox
(01:56 PM) ppusa: yea so far no 85
(01:56 PM) tippet: LL
(01:57 PM) google_2: l91
(01:57 PM) ppusa: this could run awhile
(01:57 PM) Daniel X: squeze
(01:57 PM) ppusa: i had 1512 as a
potential HOD area
(01:57 PM) ppusa: now smax is going to
come in and say +300 for the day
(01:58 PM) ppusa: from long at 77
(01:58 PM) google_2: rose let me get
there first
(01:58 PM) google_2: :-)
(01:58 PM) Daniel X: yep thats right
(01:58 PM) Daniel X: come on 93
(01:59 PM) Tom_B: 1515 looks like a strong contender
(01:59 PM) Daniel X: 05 first point
(02:00 PM) ppusa: so Dan if nq hits 93
it is going to go limit up right?
(02:00 PM) Daniel X: then 11 to 15
(02:00 PM) Daniel X: hope so ! lol
(02:00 PM) Tom_B: of course there is the small matter
of the HOD :)
(02:00 PM) ppusa: there is no upside
limit
(02:00 PM) ppusa: only in premarket
(02:01 PM) google_2: out 1
(02:01 PM) ppusa: 50 bar ma here on 15
min
(02:01 PM) raz_62: what a short covering
(02:01 PM) raz_62: amazing
(02:01 PM) Daniel X: come on push through already
(02:01 PM) google_2: flat
(02:01 PM) tomsurf: just heard gold
is spiking up today
(02:02 PM) Daniel X: it has to go through and cme down
and hold
(02:02 PM) ppusa: i think it's a short
(02:02 PM) ppusa: 3 humps
(02:02 PM) tomsurf: 3 humps and
barn
(02:02 PM) raz_62: probably go now i stopped out
(02:03 PM) ppusa: i haven't gone short
buti'm looking...
(02:04 PM) ppusa: rsuicide short
(02:04 PM) Daniel X: hesistation and waitng for someone
to take the lead
(02:04 PM) Daniel X: in the pit
(02:04 PM) Rose0001: Chimp has a
one-track mind and he's long.
(02:04 PM) FrankT: 20 pt smax rule
(02:05 PM) Tom_B: buy some Daniel :)
(02:05 PM) ppusa: not me...sidelined
(02:05 PM) Daniel X: i did
(02:05 PM) Tom_B: i'm lng
(02:05 PM) google_2: s92
(02:05 PM) ppusa: dow is up 52...
(02:05 PM) ppusa: was
(02:06 PM) Daniel X: and stooped at 89.50
(02:06 PM) Tom_B: i'm shrt
(02:06 PM) johnl96: make up your mind Tom
(02:06 PM) Tom_B: 90.5
(02:07 PM) Rose0001: Chimp out at 88.
Takes him awhile, but he was in from 77.
(02:08 PM) google_2: out 1 +5
(02:08 PM) Daniel X: i gotta w8 for the 86 bounce
(02:08 PM) Tom_B: had sar was lng
(02:08 PM) ppusa: well what can i say
except nothing
(02:09 PM) Tom_B: manic mkt
(02:09 PM) ppusa: tom you reversed?
(02:09 PM) ppusa: good job
(02:09 PM) ppusa: good trading
(02:09 PM) Daniel X: well 93 did not hold so i guess
we're back to sell every rally
(02:09 PM) google_2: +5 flat
(02:09 PM) google_2: waiting for fake
(02:10 PM) ppusa: that was 6 point
reversal so now could go for a run
(02:10 PM) Daniel X: if 86 holds ..yes will run
(02:10 PM) ppusa: it needed this little
pb now any which way
(02:11 PM) Tom_B: out of shrt
(02:11 PM) google_2: probably I faked
out myself
(02:12 PM) Rose0001: LOL google.
(02:12 PM) Tom_B: bk shrt, me too
(02:13 PM) google_2: market usually
tries to go again at critical points then reverse
(02:13 PM) google_2: ann nice patterns
though right? :-)
(02:14 PM) ann_87: yes...!
(02:14 PM) Tom_B: out grrr
(02:15 PM) ppusa: tom sar continuously
until stopped?
(02:15 PM) Tom_B: until out of $
(02:16 PM) ppusa: that works
(02:16 PM) Tom_B: 1 m H&S
(02:16 PM) ppusa: 10 point PnF could
use a correction
(02:17 PM) ppusa: not a necessity but
cold
(02:18 PM) Daniel X: market still needs a 30 min close
above 93
(02:18 PM) google_2: s88
(02:18 PM) ann_87: resistance into 30
grail sell?
(02:19 PM) raz_62: going broke on scratched trades
(02:20 PM) johnl96: haven't been watching the nq, but
the es has a mind of its own lately
(02:20 PM) raz_62: i have 10 scratches today
(02:20 PM) Daniel X: that many!!?
(02:21 PM) Daniel X: ouch
(02:21 PM) tippet: neckline brk?
(02:21 PM) johnl96: wow raz!
(02:21 PM) google_2: out 1 +4
(02:21 PM) raz_62: my fault i guess moving stops to
soon
(02:21 PM) johnl96: but you make like 80 zillion trades
a day don't you?
(02:22 PM) raz_62: no just 12
(02:22 PM) ppusa: that was 1/2 a point
away from a 10 point reversal...imo enough for now to make that chart happy
(02:22 PM) ann_87: http://www.mrci.com/lbr/charts/20020205/7.htm
(02:22 PM) ppusa: looks like it could
make another attempt at the highs now
(02:22 PM) johnl96: raschke buy on 1 min es
(02:23 PM) johnl96: what's that ann?
(02:23 PM) google_2: flart
(02:23 PM) johnl96: hey, watch your language, young
lady!
(02:24 PM) jimmer49: Now that's a new
one
(02:24 PM) google_2: flat
(02:24 PM) google_2: here
(02:24 PM) ann_87: flart ... that's a
new one
(02:24 PM) scorp: lol, typically my
trades end in a flart
(02:24 PM) google_2: support on 15 min
(02:24 PM) johnl96: I'm flong
(02:25 PM) johnl96: I was flort
(02:25 PM) jimmer49: did you set a
flop?
(02:25 PM) Tom_B: flong
(02:25 PM) Daniel X: stay above here till 1430 and its
done
(02:26 PM) Daniel X: 14:30
(02:26 PM) Daniel X: wowo what a ceiling
(02:27 PM) Daniel X: smax lon also
(02:27 PM) Daniel X: long
(02:27 PM) ppusa: 1503 was yesterday's
high bounce area
(02:27 PM) Daniel X: i got 05 as target 1
(02:27 PM) google_2: nice pattern
(02:27 PM) google_2: has no name though
(02:27 PM) raz_62: which way does it go
(02:28 PM) ann_87: on 5 min?? google
(02:28 PM) ann_87: ?
(02:28 PM) google_2: just kidding ann
(02:28 PM) google_2: I'm staying out of
this for now
(02:29 PM) Daniel X: finally
(02:29 PM) raz_62: 40 seconds dan
(02:30 PM) Daniel X: hey were gonna close above 93
thats right
(02:30 PM) Doctor Zaius: flart - (noun) The sound a
trader makes when getting out of a stinky trade
(02:30 PM) Doctor Zaius: ...sorry...
(02:30 PM) Rose0001: LOL, Doc.
(02:30 PM) Tom_B: lol
(02:30 PM) google_2: you had to add
your 2 cents
(02:30 PM) google_2: thanks for your
insights
(02:30 PM) google_2: lol
(02:31 PM) Doctor Zaius: ;)
(02:31 PM) Daniel X: come on guys jump on already
(02:32 PM) ppusa: 3 humps now?
(02:32 PM) ppusa: forget the humps
here?
(02:32 PM) google_2: pp
(02:32 PM) tomsurf: just hit 45min
20ema there on that push up
(02:32 PM) raz_62: it has a headache
(02:32 PM) Daniel X: lets see if they've found a cure
for Enronitis
(02:32 PM) google_2: watch the 2 day
inverted h&s
(02:33 PM) ann_87: lower high 55 tick
(02:33 PM) tomsurf: googs, looks
like we're at neckline in here (95) area
(02:34 PM) google_2: is the level
(02:34 PM) johnl96: LBR's 6 for 7 on the turtle
reversals
(02:34 PM) tomsurf: ok :-)
(02:34 PM) johnl96: well, 5 for 7, one was b/e
(02:36 PM) Doctor Zaius: I have a paltalk question:
(02:37 PM) google_2: many stops here
(02:37 PM) tippet: 98 the 38% retra
off the 2/01high
(02:37 PM) Doctor Zaius: How can I save the entire
day's chat? I can copy, but for example, today's chat only goes to ~1:30 (some gets lost I
guess)
(02:38 PM) tippet: 01 the 20ema60
(02:38 PM) johnl96: I don't think you can Doc
(02:38 PM) ann_87: doc Z better after
close
(02:38 PM) Daniel X: bullish bias in looking for 1505
(02:38 PM) Doctor Zaius: gotcha
(02:40 PM) Tom_B: y noy 21 ?
(02:41 PM) Daniel X: 05 1rst
(02:42 PM) Daniel X: er PP ur not short r yah?
(02:42 PM) Tom_B: agree 5, 15 21
(02:43 PM) Daniel X: i dont like it when PP gets quiet
(02:43 PM) ppusa: watching something
(02:43 PM) Daniel X: oh ok
(02:43 PM) ppusa: was shiort at 99
(02:43 PM) ppusa: gotout
(02:44 PM) raz_62: was long but stopped out again
(02:44 PM) ppusa: obot now PnF a little
(02:44 PM) Daniel X: i bet
(02:44 PM) ppusa: like to see a little
more up
(02:45 PM) Daniel X: we should
(02:45 PM) ppusa: whatever
(02:45 PM) ppusa: the trades todat were
selling the high buying the low selling the high and buying at 77 to here. everything else
was mediocre
(02:45 PM) google_2: s98
(02:46 PM) Daniel X: no shorts plz
(02:46 PM) tomsurf: pp- selling
high and buying low would be the trade to make everday, LOL
(02:46 PM) scorp: .
(02:46 PM) raz_62: for sure
(02:47 PM) Daniel X: too risky
(02:47 PM) Daniel X: for me
(02:47 PM) raz_62: google sat thru being 3 down cant
beleive it
(02:48 PM) Daniel X: we have bullish bias ..not panick
buying just yet
(02:48 PM) Daniel X: i mean frantic
(02:48 PM) google_2: after breakout
need to test support
(02:48 PM) google_2: reason for trade
(02:48 PM) Daniel X: 93 has to hold now
(02:49 PM) Daniel X: oh oh gotcha
(02:49 PM) ann_87: 96.50 test
(02:49 PM) Daniel X: Smax attempting a neg print
(02:49 PM) tippet: also 1st touch
on 20ema60
(02:50 PM) google_2: out 1 +3
(02:51 PM) raz_62: it sure looks easy when you do it
(02:51 PM) Daniel X: now things should be changing to
buy the dips instead of short the rallys
(02:51 PM) Daniel X: "should"
(02:51 PM) ppusa: i would like to see
one more day down
(02:52 PM) google_2: out +5 flat
(02:54 PM) sb17: the close will be interesting
(02:54 PM) sb17: ES looking toppy
(02:54 PM) Daniel X: we need abig day this week
(02:55 PM) google_2: we need to test
(02:55 PM) Daniel X: don't think this will be the one
(02:55 PM) google_2: rule of 4
(02:55 PM) sb17: yes, google, test
(02:56 PM) google_2: look at all charts
posted for rule of 4
(02:56 PM) google_2: after first
breakout there's usually a retracement to test support
(02:56 PM) google_2: the sad part is
google is flat
(02:57 PM) sb17: ha ha
(02:57 PM) raz_62: why
(02:57 PM) raz_62: is google flat
(02:57 PM) sb17: where are these rules?
(02:58 PM) google_2: rules??
(02:58 PM) sb17: you mentioned rule of 4
(02:58 PM) google_2: check charts
posted
(02:58 PM) google_2: ann's charts in
today's folder
(02:58 PM) sb17: thanks
(02:59 PM) Daniel X: brb
(03:01 PM) sb17: i've been monitoring Retro's approach
on the side today. Working ok.
(03:01 PM) sb17: with ES
(03:03 PM) tippet: Daschle -stim
pkg dead
(03:04 PM) johnl96: good
(03:04 PM) google_2: was a good setup
(03:04 PM) Daniel X: damn ..just when things were going
well
(03:05 PM) ppusa: great setup google i
tried it
(03:05 PM) google_2: glad it worked for
you
(03:05 PM) google_2: I'm such an
airhead
(03:05 PM) ppusa: PnF confirmed
(03:05 PM) ppusa: i was wondering why
you covered second?
(03:06 PM) google_2: 15 min is what
gave all the clues for today
(03:07 PM) ppusa: lots of clues, lots
of chars
(03:07 PM) ppusa: ts
(03:07 PM) sb17: google, due you trade off the 15
(03:07 PM) sb17: ?
(03:07 PM) google_2: I look at patterns
sb
(03:07 PM) Daniel X: the News caused this
(03:08 PM) ppusa: technicals confirmed
every move
(03:08 PM) ppusa: so what? you said
1430
(03:09 PM) ppusa: they just needed to
get some longs in
(03:09 PM) Daniel X: yes 1440 if we cannot get and hold
93
(03:09 PM) ppusa: how come it stopped
dead at 50 bar ma on 60 min as Tippet said?
(03:09 PM) ppusa: 20 bar
(03:09 PM) tomsurf: looks like the
dam chimp knew the news too, lol
(03:09 PM) Rose0001: LOL
(03:10 PM) google_2: news was out
before that, ran it up, faded it
(03:10 PM) google_2: lol tom
(03:10 PM) Daniel X: how long was the news out?
(03:10 PM) tomsurf: ;-)
(03:10 PM) tomsurf: chimp an
insider
(03:10 PM) Tom_B: Chimp was "itching" to get
shrt
(03:10 PM) google_2: I think I found a
trading partner
(03:10 PM) Rose0001: :-)
(03:11 PM) MartyJ01: give chimp a banana :)
(03:11 PM) tomsurf: well googs,
you're gonna have to share him/her
(03:11 PM) google_2: with who?
(03:12 PM) tomsurf: me, if it's the
chimp, lol
(03:12 PM) tippet: trendline off
lows test
(03:12 PM) google_2: lol
(03:13 PM) tippet: 50%
(03:13 PM) google_2: geez
(03:15 PM) ppusa: this one was pretty
obvious
(03:15 PM) johnl96: I'm gonna have to dust off my copy
of Street Smarts
(03:15 PM) Daniel X: oh yes of course it was
(03:15 PM) ann_87: 74 area yest low the
test of line?
(03:15 PM) johnl96: if I can find it
(03:15 PM) Daniel X: if it was obviuos i would have
seen it
(03:15 PM) ppusa: why do you think i
was shorting it up there
(03:15 PM) ppusa: google too
(03:16 PM) tomsurf: pp- they all
look obvious after the fact ;-)
(03:16 PM) ppusa: seriously
(03:16 PM) google_2: nobody knows
(03:16 PM) ppusa: i know what you are
all thinking but
(03:16 PM) Daniel X: i only got in at 85.50
(03:16 PM) google_2: we just trade
probabilities
(03:16 PM) Rose0001: Chimp still
holding short.
(03:17 PM) sb17: rose, where did you enter with chimp?
(03:17 PM) johnl96: so is raschke
(03:17 PM) Rose0001: I cheated. I
entered even though 13 min didn't give the confirmation.
(03:18 PM) sb17: no cheating there....i told you that
the 13 was a laggard...:-)
(03:18 PM) Daniel X: cheating works
(03:18 PM) hanksterr: me too rose lol
(03:18 PM) ppusa: i don't want to sound
ridiculous but i did say up there i was still looking for another leg down...leave it at
that okay
(03:18 PM) Rose0001: SB, that's why I'm
saying tht I'm trying to come up with some new chimp rules. Trying different things.
(03:19 PM) google_2: l76
(03:19 PM) Daniel X: i heard you PP but did not want to
short between 93 and 90
(03:19 PM) Tom_B: cvrd shrt 76
(03:19 PM) ppusa: well it scared me to
death too but being scared and seeing something obvious are things i need to deal with
(03:19 PM) Tom_B: agnst yest lo 73.5
(03:20 PM) ppusa: having a very hard
time doing it
(03:20 PM) sb17: rose...as you know, i like your 5ema1
and 15ema1 "pointer" procedure
(03:20 PM) google_2: out -3
(03:20 PM) Daniel X: it's like this"if u don't
like your price just wait you'll see it again"!!!
(03:20 PM) Rose0001: So far, that seems
to work well.
(03:21 PM) Daniel X: 69 support
(03:21 PM) google_2: l74
(03:21 PM) ppusa: think i will trade
q's for awhile...overcome my fear....sold them at 37.11 on the way down
(03:22 PM) tippet: Anne your old
support line here
(03:22 PM) ann_87: rule of 4 55 tick
maybe coming
(03:22 PM) Daniel X: you still have fear PP?
(03:22 PM) tomsurf: good eye ann
(03:23 PM) ppusa: like you wouldn't
believe except on the stupid trades
(03:23 PM) ppusa: LL below 71.5
(03:23 PM) google_2: flat -2
(03:23 PM) Daniel X: owo
(03:23 PM) ppusa: only for scalp
(03:23 PM) Daniel X: wow
(03:24 PM) ppusa: low of the day a
possibility
(03:24 PM) Daniel X: 40
(03:24 PM) Tom_B: 63-64
(03:25 PM) ppusa: hopefully not right
now
(03:25 PM) ann_87: gann test goog
(03:27 PM) ppusa: google whole session
after first HOD a gartley?
(03:27 PM) Daniel X: moved stop to 74
(03:27 PM) Daniel X: above res
(03:29 PM) Daniel X: watching the 200 on the 5 min
(03:29 PM) ppusa: out of scalp
(03:31 PM) johnl96: I think I'm going to build a statue
of Linda Raschke in my front yard
(03:31 PM) Tom_B: Chimp flexes
(03:31 PM) Rose0001: Still short from
96.
(03:31 PM) Tom_B: great Rose !!!
(03:32 PM) Rose0001: Chimp keeps me
from gettng out too soon, but often get out a little later than would like to. That's the
tradeoff.
(03:32 PM) ann_87: great rose
(03:32 PM) Daniel X: only 85.50 here
(03:32 PM) ppusa: shut off computer and
leave
(03:33 PM) Daniel X: Lehman sold 120 NDH locals jumped
on
(03:34 PM) ppusa: dan where are you
getting your floor info?
(03:34 PM) Daniel X: tell u after theclose
(03:34 PM) ann_87: 57 grail gets obj
(03:34 PM) ppusa: tyco free fall
(03:34 PM) Rose0001: NQ tick -127
(03:35 PM) Rose0001: 1257
(03:35 PM) Daniel X: 52 support next
(03:35 PM) ann_87: ticks -900
(03:36 PM) Tom_B: Always tough...hold or fold ?
(03:36 PM) Rose0001: I'm out at 58.
Chimp still short.
(03:36 PM) ppusa: attention chimp
traders!!!
(03:36 PM) Daniel X: out on RSI oversold
(03:36 PM) ppusa: nice rose
(03:37 PM) Rose0001: Thanks, PP.
(03:37 PM) sb17: very nice, rose
(03:37 PM) sb17: what, ppusa?
(03:37 PM) ppusa: that's it for
me...it's the chimp and snax period
(03:37 PM) ppusa: who wants my P and GF
charts?
(03:37 PM) dave_b_quik: nice
discipline rose
(03:37 PM) Tom_B: still shrt here... :(
(03:38 PM) Rose0001: Makes up for all
the times that chimp gets in too late and out too early.
(03:38 PM) Daniel X: anyone still short/
(03:38 PM) ppusa: tom you cowboy
(03:38 PM) Daniel X: ?
(03:38 PM) johnl96: just went long es
(03:38 PM) johnl96: was short from before 3:00
(03:39 PM) Daniel X: from 3 @ what price?
(03:40 PM) Daniel X: i only got in at 85.50
(03:40 PM) ppusa: that is so pathetic
(03:40 PM) Daniel X: what is?
(03:40 PM) raz_62: dang i had to leave and look what
happened
(03:41 PM) ppusa: 85.5
(03:41 PM) ppusa: i hope everyone knows
i am pulling your leg including you
(03:41 PM) Tom_B: out
(03:41 PM) Daniel X: oh ok
(03:42 PM) Daniel X: i didn't see short until 93 broke
(03:42 PM) sb17: rose, check your instant message
(03:42 PM) jimmer49: smax 97-64
(03:42 PM) Daniel X: im not a short the top trader
(03:42 PM) jimmer49: this is the kind
of day that smax was made for
(03:43 PM) ppusa: like 5 trades all
winners
(03:43 PM) google_2: looks like I'm the
only one who messed up here
(03:43 PM) ppusa: did i leaveout the
word big?
(03:43 PM) Daniel X: and on Smax i only or i should say
mostly take the histogram cross along with the emas in con juction
(03:43 PM) ppusa: i did google
(03:43 PM) ppusa: out early of course
(03:43 PM) TheBigD: jimmer what does 97-64 mean?
(apologies from the newbie for asking)
(03:44 PM) raz_62: well here we go with a closing
prediction again71.5
(03:44 PM) johnl96: understandable, google, you're
probably tired from counting all your money!!
(03:44 PM) johnl96: :)
(03:45 PM) Daniel X: we gonna close around the open
looks like huh..
(03:45 PM) ppusa: 50
(03:45 PM) google_2: ok everyone have a
nice evening and I'll see you tomorrow
(03:45 PM) raz_62: bye
(03:46 PM) Rose0001: Bye, google.
(03:46 PM) Daniel X: c ya
(03:47 PM) tomsurf: bye googs
(03:47 PM) Daniel X: locals racing each other due to a
lack of dealer bids
(03:47 PM) Daniel X: covering
(03:48 PM) Daniel X: 14:41
(03:48 PM) Tom_B: Bye All
(03:48 PM) Daniel X: bys om
(03:49 PM) Rose0001: Bye Tom.
(03:49 PM) ann_87: bye tom
(03:56 PM) sb17: See you in a while. Gotta go to the
gym.
(03:57 PM) johnl96: have I mentioned my extreme
fondness for Linda Raschke?
(03:57 PM) johnl96: see ya sb
(03:58 PM) Owlee123: rose, what is the chimps
secret for entering and not getting out early
(03:59 PM) Rose0001: Chimp often gets
in too late and out too late, but I'm trying to find alternative entries using patterns.
(03:59 PM) Rose0001: It keeps you in
these beautiful long trades though. That's the beauty of the chimp trade.
(04:00 PM) johnl96: rose, you'll find that's a problem
with anything based on MA's
(04:00 PM) Owlee123: chimp was the only one who
managed to stay for the big swing down
(04:00 PM) johnl96: I did
(04:00 PM) hanksterr: rose what got you
out at 1458
(04:00 PM) Daniel X: well thats it for me... 51 on the
day and i have a migrain
(04:00 PM) Daniel X: what do u mean the only ne
(04:00 PM) Rose0001: The huge NQ
negative tick and the fact that it was the LOD.
(04:01 PM) Daniel X: i was in from 85.50 till 61.50
(04:01 PM) hanksterr: ok thx rose
(04:01 PM) jimmer49: 51 points is good
medicine for a migrain
(04:01 PM) TurnSig: So is cold water on the head.
(04:02 PM) Rose0001: Chimp would get
you out much much later than 58.
(04:02 PM) Owlee123: is chimp using smax?
(04:02 PM) johnl96: try soaking your hands in ice water
Daniel (I'm serious)
(04:02 PM) Daniel X: bye all
(04:02 PM) johnl96: works for my cluster headaches
(04:02 PM) Daniel X: stop pulling my legs
(04:02 PM) ppusa: rose i have a
suggestion you could look at to help exits...what about a 3 minute chart with a bar that
gets a higher high
(04:04 PM) Rose0001: I try to use a
combination of thing. But it's all discretionary based on everything I know so it's hard
to come up with strick rules for others to use.
(04:05 PM) Rose0001: Like you can't use
a very negative tick as an exit rule. THat's just something that sometimes works, Other
times it's LSS, other times FIB number etc.
(04:05 PM) Rose0001: So it's hard for
me to give suggestions other than the way Enthios has chimp written up because I'm still
struggling with how to improve the entries and exits.