riskymove (May 9, 2008 9:13:35 AM)
I was in the wrong room
Lucrum (May 9, 2008 9:13:52 AM)
Gooooood MORINING Index Futures
bighog (May 9, 2008 9:14:09 AM)
CL crossed 126
Lucrum (May 9, 2008 9:14:14 AM)
i thought u had defected
riskymove (May 9, 2008 9:14:15 AM)
man - called it yesterday said hope the move was stolen - and here it was!
bighog (May 9, 2008 9:14:16 AM)
amazing
bighog (May 9, 2008 9:14:48 AM)
gas here yesterday was 3.87 Michigan
riskymove (May 9, 2008 9:14:49 AM)
i left office at 4:05 yesterday had been short and covered for be - that totally sucked - live and learn
riskymove (May 9, 2008 9:15:24 AM)
very little attempt at any kind of rally in the futures so far
riskymove (May 9, 2008 9:22:45 AM)
this is crazy weak
limit (May 9, 2008 9:23:33 AM)
7 bil in unexpected losses will do that
limit (May 9, 2008 9:24:09 AM)
that bear flag on that 120 min was valid I guess
riskymove (May 9, 2008 9:24:27 AM)
you would think there would be some kind of bounce but aint looking like it yet
riskymove (May 9, 2008 9:24:35 AM)
and oil - jeez
limit (May 9, 2008 9:25:56 AM)
I was a little disappointed in the snp500 vid yesterday, seeing some things I don't like
pev (May 9, 2008 9:26:09 AM)
l 84.5
riskymove (May 9, 2008 9:26:13 AM)
i watched it - what did you not like
wiesman02 (May 9, 2008 9:26:34 AM)
morning
riskymove (May 9, 2008 9:26:41 AM)
for all we know he could be a guy at a fund or something though
wiesman02 (May 9, 2008 9:27:11 AM)
starting the day off w/ a big one, short @ 724, flat @721 +$10.76 after commish
limit (May 9, 2008 9:27:52 AM)
he said it was a great move, but he showed entry before reports at 8:30, very dangerous. Then he showed riding through a 6 point retracement back up to 99.73 from 93.75...not good management
limit (May 9, 2008 9:28:50 AM)
it's getting a bit rah-rah
riskymove (May 9, 2008 9:28:54 AM)
ah - yes I did notice the initial entry was before rth - which I participate in a lot but probably not good teaching wise - always thought it was weird the he referred to overnight as mch as he did
wareco (May 9, 2008 9:28:55 AM)
Yeah. calling levels gives you a lot more leeway than calling trades.
pev (May 9, 2008 9:29:28 AM)
3/4 @ 85.5 +1
wiesman02 (May 9, 2008 9:29:28 AM)
are u talking about the puretick guys ?
limit (May 9, 2008 9:29:37 AM)
n
riskymove (May 9, 2008 9:29:41 AM)
no a guy on you tube
riskymove (May 9, 2008 9:29:45 AM)
snp500trader
wiesman02 (May 9, 2008 9:29:55 AM)
ahh
wiesman02 (May 9, 2008 9:30:00 AM)
haven't watched him in a few days
riskymove (May 9, 2008 9:30:05 AM)
no more news today right?
wiesman02 (May 9, 2008 9:30:10 AM)
no
pev (May 9, 2008 9:30:24 AM)
limit, u doing the opening trade?
wareco (May 9, 2008 9:30:27 AM)
correcto
limit (May 9, 2008 9:30:38 AM)
y
pev (May 9, 2008 9:30:42 AM)
flat 86.5 +2
limit (May 9, 2008 9:30:56 AM)
88.75 is target
pev (May 9, 2008 9:31:04 AM)
ok, thnx
riskymove (May 9, 2008 9:31:19 AM)
s 87
wareco (May 9, 2008 9:31:19 AM)
S 87
riskymove (May 9, 2008 9:31:39 AM)
did the counter trend premkt three times was out for that move
limit (May 9, 2008 9:31:45 AM)
sorry 88.5 not 75
wiesman02 (May 9, 2008 9:31:56 AM)
nuts didn't get my fill
riskymove (May 9, 2008 9:32:34 AM)
if today gets going could get pretty fugly
wiesman02 (May 9, 2008 9:33:58 AM)
why do u say that
wiesman02 (May 9, 2008 9:34:18 AM)
oil and deficit ?
pev (May 9, 2008 9:34:29 AM)
currently sitting at daily TL
riskymove (May 9, 2008 9:35:27 AM)
xlf positive
lsudaytrade (May 9, 2008 9:35:43 AM)
rlx too
pev (May 9, 2008 9:37:44 AM)
limit, what would the stop be at now? b/e?
riskymove (May 9, 2008 9:38:40 AM)
spx cash daily bounced off 20 ma
limit (May 9, 2008 9:38:51 AM)
y now @ b/e...it trails by the taget amount...in this case 3.25 pts
pev (May 9, 2008 9:39:02 AM)
ok, ty
limit (May 9, 2008 9:39:10 AM)
target
limit (May 9, 2008 9:39:28 AM)
hit the target but no fill
pev (May 9, 2008 9:39:36 AM)
I saw
pev (May 9, 2008 9:39:52 AM)
I have a hard time dealing with that :)
limit (May 9, 2008 9:39:59 AM)
me 2
riskymove (May 9, 2008 9:40:18 AM)
5 min cash bear flag
limit (May 9, 2008 9:40:47 AM)
wow , lots in the other room today
pev (May 9, 2008 9:40:55 AM)
good
pev (May 9, 2008 9:40:58 AM)
:)
limit (May 9, 2008 9:40:59 AM)
lol
elovemer (May 9, 2008 9:41:02 AM)
92... 10min 200sma AH
pev (May 9, 2008 9:41:51 AM)
got out?
pev (May 9, 2008 9:42:19 AM)
guess not, not much @ 88.5
limit (May 9, 2008 9:42:27 AM)
not yet, think I got screwed, been in Q for a while
pev (May 9, 2008 9:43:17 AM)
if it dont move up very soon I'm short
limit (May 9, 2008 9:43:25 AM)
swings lower low I'm out
pev (May 9, 2008 9:46:38 AM)
s 87
wiesman02 (May 9, 2008 9:48:20 AM)
YM right at the PP of 748
pev (May 9, 2008 9:49:06 AM)
out +
pev (May 9, 2008 9:49:08 AM)
.5
limit (May 9, 2008 9:50:02 AM)
flat +1 86.25
riskymove (May 9, 2008 9:50:56 AM)
out some +2
wareco (May 9, 2008 9:50:56 AM)
out 85.5 +1.5
pev (May 9, 2008 9:51:16 AM)
nice all
riskymove (May 9, 2008 9:51:29 AM)
xlf turned south
wareco (May 9, 2008 9:51:32 AM)
Had to work for that one.
riskymove (May 9, 2008 9:51:37 AM)
i agree
riskymove (May 9, 2008 9:51:41 AM)
was sweating it
pev (May 9, 2008 9:51:54 AM)
this is always work (almost always)
elovemer (May 9, 2008 9:54:20 AM)
30min doji
pev (May 9, 2008 9:54:25 AM)
l 87.25
limit (May 9, 2008 9:54:25 AM)
y
wareco (May 9, 2008 9:54:40 AM)
Now you tell me Elove.
elovemer (May 9, 2008 9:54:52 AM)
:)
riskymove (May 9, 2008 9:55:08 AM)
out rest +.5
limit (May 9, 2008 9:55:23 AM)
wareco, do you not own a 30 min chart of your own? lol
wiesman02 (May 9, 2008 9:55:42 AM)
limit, they're too expensive
limit (May 9, 2008 9:55:47 AM)
lol
wareco (May 9, 2008 9:55:48 AM)
What? I have to own it and look and it?
elovemer (May 9, 2008 9:55:52 AM)
:)
pev (May 9, 2008 9:55:55 AM)
1/2 @ 88.25 +1
limit (May 9, 2008 9:56:26 AM)
there's the 3 points from the doji
wareco (May 9, 2008 9:56:31 AM)
Actually had the 30 up, but no, I wasn't watching it.
wiesman02 (May 9, 2008 9:56:32 AM)
and to think i was just about to short that 2 minutes ago
elovemer (May 9, 2008 9:58:40 AM)
90.5 is oops trade if can get there and hold it.... although it is friday
Lucrum (May 9, 2008 9:59:22 AM)
so far vol on this rally attempt not very inspiring
Brucelee (May 9, 2008 9:59:31 AM)
s 88
elovemer (May 9, 2008 10:00:46 AM)
91.75 ten
wiesman02 (May 9, 2008 10:01:19 AM)
short @765
riskymove (May 9, 2008 10:01:56 AM)
tried 88.5 but was too late
pev (May 9, 2008 10:02:08 AM)
rest out +.25
wiesman02 (May 9, 2008 10:02:43 AM)
flat @750 +15
riskymove (May 9, 2008 10:02:56 AM)
nice wies
wiesman02 (May 9, 2008 10:03:02 AM)
thx
wiesman02 (May 9, 2008 10:03:19 AM)
i would like to thank teh 1 min bar, and its partner, volume for that wonderful short
riskymove (May 9, 2008 10:03:44 AM)
i knew 88 was good but wussed out - need to be wearing a dress
wareco (May 9, 2008 10:04:00 AM)
Now that would be risky.
wiesman02 (May 9, 2008 10:04:06 AM)
no crossdressing during trading
gorkgonzola (May 9, 2008 10:04:22 AM)
if anyone's watching..
riskymove (May 9, 2008 10:04:25 AM)
wearing a dress talkin about trannies
Brucelee (May 9, 2008 10:04:40 AM)
out +1
Mup (May 9, 2008 10:04:41 AM)
morning all
wiesman02 (May 9, 2008 10:04:43 AM)
speaking of which quickly.....anyone watch ER last night ?
riskymove (May 9, 2008 10:05:07 AM)
s 87.5
riskymove (May 9, 2008 10:05:28 AM)
no i tivo it and watch on fridays
wiesman02 (May 9, 2008 10:05:44 AM)
i won't ruin it then, but it has to do w/ trannies :eek:
wiesman02 (May 9, 2008 10:05:54 AM)
and not $tran
Brucelee (May 9, 2008 10:06:24 AM)
l 87.5
Brucelee (May 9, 2008 10:06:51 AM)
bit late as opposed to twirly
elovemer (May 9, 2008 10:07:15 AM)
big L ... on the doji trade.... does it have to close near one end of the bar and go the other way ? or just go against prevailing trend ? ty
wiesman02 (May 9, 2008 10:07:48 AM)
did u called Risky "twirly"
elovemer (May 9, 2008 10:07:49 AM)
regardless of where closing is
wiesman02 (May 9, 2008 10:07:50 AM)
*call*
limit (May 9, 2008 10:08:42 AM)
the only thing ta
wiesman02 (May 9, 2008 10:08:57 AM)
lotta whipsaw action today
pev (May 9, 2008 10:09:05 AM)
s 88
wiesman02 (May 9, 2008 10:09:07 AM)
not necessarily bad if your on the right side
limit (May 9, 2008 10:09:16 AM)
the only thing that seems to matter is that it reverses after a run
pev (May 9, 2008 10:09:43 AM)
sorry its l88
limit (May 9, 2008 10:09:59 AM)
it needs to have a few bars up or down elov
wiesman02 (May 9, 2008 10:10:06 AM)
short @752
Mup (May 9, 2008 10:10:19 AM)
choppy wave 4 into the 1392 area would be nice for an afternoon mark down
limit (May 9, 2008 10:10:22 AM)
location on the bar doesn't seem to matter
pev (May 9, 2008 10:10:29 AM)
out -.75
pev (May 9, 2008 10:11:02 AM)
aholes
elovemer (May 9, 2008 10:11:03 AM)
gotcha... ty ... in this case previous direction was down... then doji..... gotcha
Brucelee (May 9, 2008 10:11:33 AM)
+1
wareco (May 9, 2008 10:11:51 AM)
Who is the biggest drag on the DOW today?
Brucelee (May 9, 2008 10:11:58 AM)
pev
pev (May 9, 2008 10:12:30 AM)
feels like it
wiesman02 (May 9, 2008 10:12:50 AM)
flat @ 741 +11
pev (May 9, 2008 10:13:02 AM)
lovely action here
wiesman02 (May 9, 2008 10:13:10 AM)
wow, 1 tick from the bottom lucky me
Brucelee (May 9, 2008 10:13:14 AM)
scalping action
pev (May 9, 2008 10:13:29 AM)
not my type though
riskymove (May 9, 2008 10:13:30 AM)
cmon let er' go
wiesman02 (May 9, 2008 10:13:40 AM)
get 'er done
Brucelee (May 9, 2008 10:13:54 AM)
heavy support around this area
limit (May 9, 2008 10:14:19 AM)
need a gap fill
Mup (May 9, 2008 10:14:45 AM)
i'm looking for that
Brucelee (May 9, 2008 10:14:56 AM)
doesnt feel promising
riskymove (May 9, 2008 10:15:05 AM)
cash gap or es?
wareco (May 9, 2008 10:15:15 AM)
Didn't realize AIG in the DOW, obviously they are the drag. Down 6%
Mup (May 9, 2008 10:15:16 AM)
got till lunch time...ES
wiesman02 (May 9, 2008 10:15:42 AM)
looks like they might be DTing though wareco
limit (May 9, 2008 10:15:42 AM)
I would prefer a pullback and a db and rocket up, would get the 30 min in sync
elovemer (May 9, 2008 10:15:48 AM)
hey Mup :)
Mup (May 9, 2008 10:15:52 AM)
hi elo
elovemer (May 9, 2008 10:16:10 AM)
nice to see you
Mup (May 9, 2008 10:16:39 AM)
I only just noticed the chat button so I thought I'd check it out :)
pev (May 9, 2008 10:17:24 AM)
risign triangle
Mup (May 9, 2008 10:18:22 AM)
Are you still on EST time now elo ?/
elovemer (May 9, 2008 10:19:04 AM)
yes i have not returned yet.... still in ny state
Mup (May 9, 2008 10:19:21 AM)
early starts then :D
wiesman02 (May 9, 2008 10:19:24 AM)
Long @752
Mup (May 9, 2008 10:19:29 AM)
http://www.elitetrader.com/vb/attachment.php?s=&postid=1915286
Mup (May 9, 2008 10:20:41 AM)
wave 4 till late lunch, then a wave 5 :) all being well
wiesman02 (May 9, 2008 10:20:48 AM)
AIG bouncing off its DT
wiesman02 (May 9, 2008 10:20:51 AM)
DB
wiesman02 (May 9, 2008 10:20:55 AM)
sorry, double bottom
Mup (May 9, 2008 10:21:09 AM)
just depends on how long this 4th wants to play out for...
wareco (May 9, 2008 10:21:22 AM)
S 87.75
wareco (May 9, 2008 10:21:42 AM)
Oh, that was good timing.
pev (May 9, 2008 10:22:10 AM)
ES still above tl
abaker (May 9, 2008 10:22:14 AM)
good rejection on the nq
wiesman02 (May 9, 2008 10:22:31 AM)
out @753 b/e.....gonna stay flat until there's some direction
Mup (May 9, 2008 10:23:11 AM)
did you check out that corn chart elo :)
elovemer (May 9, 2008 10:23:37 AM)
you posted one ? i will check it
Mup (May 9, 2008 10:23:43 AM)
http://www.elitetrader.com/vb/attachment.php?s=&postid=1914100
pev (May 9, 2008 10:23:48 AM)
s 88
Mup (May 9, 2008 10:23:59 AM)
two options either ED or extended 5th
Mup (May 9, 2008 10:24:21 AM)
commods seem to like extentions in 5th though...
pev (May 9, 2008 10:24:48 AM)
-1
Brucelee (May 9, 2008 10:25:29 AM)
lookiong for 90.25 ish
Brucelee (May 9, 2008 10:25:36 AM)
to go short
elovemer (May 9, 2008 10:25:40 AM)
i have to copy the url ... can't cut it
pev (May 9, 2008 10:26:00 AM)
no idea why I shorted 88
Mup (May 9, 2008 10:26:16 AM)
page 362 on the EW thread...:)
Brucelee (May 9, 2008 10:26:17 AM)
boredom?
pev (May 9, 2008 10:26:21 AM)
prob
pev (May 9, 2008 10:26:35 AM)
idiot most likely
wiesman02 (May 9, 2008 10:27:05 AM)
wasn't that bad of a short, but with this volatility, u can get whipsawed quite hard
pev (May 9, 2008 10:27:18 AM)
has been bouncing off trend line all along
limit (May 9, 2008 10:27:34 AM)
what volatility?
elovemer (May 9, 2008 10:27:38 AM)
i see 110 pages only mup
wiesman02 (May 9, 2008 10:27:47 AM)
what volatility ? watch the YM
pev (May 9, 2008 10:27:47 AM)
volatility - lol
wiesman02 (May 9, 2008 10:27:59 AM)
comparibly to the last few days
Mup (May 9, 2008 10:28:00 AM)
last move up on the day sess ES was +6.25 so there trying there luck at that 1390 area..its =+6.25 off the morning low
pev (May 9, 2008 10:28:09 AM)
wies, thats more like chop to me
Mup (May 9, 2008 10:28:09 AM)
http://www.elitetrader.com/vb/showthread.php?s=&threadid=101387&perpage=6&pagenumber=362
wiesman02 (May 9, 2008 10:28:36 AM)
when I see price go 10 points against me, and then 2 seconds later, 5 points in my favor, i'm calling it volatility
limit (May 9, 2008 10:28:37 AM)
30 point ym range, I say again..what volatility?
riskymove (May 9, 2008 10:28:46 AM)
should be some resistance around here, lod rth yest
wiesman02 (May 9, 2008 10:28:52 AM)
u call it chop, i call it volatile
limit (May 9, 2008 10:28:59 AM)
lol ok
riskymove (May 9, 2008 10:29:00 AM)
30 min bearflag?
pev (May 9, 2008 10:29:11 AM)
volatility is more like when we had 100 point YM swings in 3 minutes
limit (May 9, 2008 10:29:18 AM)
y
pev (May 9, 2008 10:29:22 AM)
:)
wiesman02 (May 9, 2008 10:29:27 AM)
i'm not complaining, i haven't lost any $ yet today, lol
limit (May 9, 2008 10:29:42 AM)
if you use the 37.5 tic chart you can scalp it
pev (May 9, 2008 10:30:01 AM)
could be risky
pev (May 9, 2008 10:30:06 AM)
testing TL now
Mup (May 9, 2008 10:30:07 AM)
bears will always try there luck on alts
gorkgonzola (May 9, 2008 10:30:10 AM)
what's half a tic
limit (May 9, 2008 10:30:15 AM)
lol
limit (May 9, 2008 10:30:17 AM)
jk
gorkgonzola (May 9, 2008 10:30:18 AM)
among friends
pev (May 9, 2008 10:30:42 AM)
bounced off once again
pev (May 9, 2008 10:31:01 AM)
s 89.5 for the DT
limit (May 9, 2008 10:31:24 AM)
risky the 15 min is curling up killing the bear definition for me
Mup (May 9, 2008 10:31:27 AM)
50% is 1393.25 on the day sess, that would be a nice eyball target
pev (May 9, 2008 10:31:30 AM)
so much for that
gorkgonzola (May 9, 2008 10:31:55 AM)
here let me help out a bit here - GO UP STOOPID ES! thank you
elovemer (May 9, 2008 10:32:02 AM)
checked out the corn mup .... looks interesting... ty...
wiesman02 (May 9, 2008 10:32:16 AM)
YM lagging a little
Mup (May 9, 2008 10:32:34 AM)
that euro chart worked out well :)
Brucelee (May 9, 2008 10:32:35 AM)
s 90.5
wareco (May 9, 2008 10:32:48 AM)
S 90.75 add
Brucelee (May 9, 2008 10:32:52 AM)
twirly
elovemer (May 9, 2008 10:32:55 AM)
90.5 oops trade ..... long from 90.5 on holding 90.5 is the oops trade
Mup (May 9, 2008 10:33:36 AM)
oops as in larry williams ??
pev (May 9, 2008 10:34:34 AM)
gap filled
elovemer (May 9, 2008 10:34:36 AM)
y :)
Brucelee (May 9, 2008 10:34:39 AM)
this is it
pev (May 9, 2008 10:34:50 AM)
we're going to be rich bruce
Brucelee (May 9, 2008 10:34:56 AM)
lol
limit (May 9, 2008 10:35:18 AM)
15/34 @ 95
Mup (May 9, 2008 10:35:42 AM)
bears are still really incontrol on the higher frame unless 1396 gets busted ie the last ALT
elovemer (May 9, 2008 10:36:24 AM)
90.5 L ... 1pt stop
Brucelee (May 9, 2008 10:36:54 AM)
Long! how dare you?
Brucelee (May 9, 2008 10:37:01 AM)
:)
elovemer (May 9, 2008 10:37:09 AM)
:)
wiesman02 (May 9, 2008 10:37:13 AM)
Long at 777 :eek:
wiesman02 (May 9, 2008 10:37:37 AM)
stop b/e......
wiesman02 (May 9, 2008 10:38:10 AM)
c'mon 790
Brucelee (May 9, 2008 10:38:17 AM)
add 92.5
pev (May 9, 2008 10:38:22 AM)
add s 92.5
elovemer (May 9, 2008 10:38:44 AM)
basis of oops is that if can hold yester low ... then conditions have changed
riskymove (May 9, 2008 10:38:55 AM)
out 2 -4
wiesman02 (May 9, 2008 10:39:01 AM)
flat @877 +10
wiesman02 (May 9, 2008 10:39:04 AM)
oops
wiesman02 (May 9, 2008 10:39:05 AM)
887
wiesman02 (May 9, 2008 10:39:15 AM)
I'd wait for my target, but too impatient
elovemer (May 9, 2008 10:39:54 AM)
trying to hold 200sma 10min AH
wiesman02 (May 9, 2008 10:39:56 AM)
wow.....out at 787 +10, not 887, jesus
Mup (May 9, 2008 10:41:04 AM)
TA seller are in at the 50%
wiesman02 (May 9, 2008 10:41:17 AM)
XLF hitting some resistance here, perhaps why we're stalling
Mup (May 9, 2008 10:42:14 AM)
13.75 of the morning low gives 1397.5 , that the line in the sand if things want to change from a bear bias to bull in EW terms
elovemer (May 9, 2008 10:43:04 AM)
i think most here don
Brucelee (May 9, 2008 10:43:17 AM)
out be
limit (May 9, 2008 10:43:39 AM)
Mup, what does the 13.75 represent?
wiesman02 (May 9, 2008 10:43:54 AM)
long 778
elovemer (May 9, 2008 10:44:03 AM)
i think most here don't use EW much but i try to .... as much as i can
pev (May 9, 2008 10:44:03 AM)
all out -1
Mup (May 9, 2008 10:44:45 AM)
last higher degree move corrective move up....(It the move from yesterdays low to yestedays high..)
limit (May 9, 2008 10:45:01 AM)
ok ty
Mup (May 9, 2008 10:45:55 AM)
inorder to confirm any trend change it must "overbalance" Gann term ie go higher than +13.75 other wise the trend is still intact :)
limit (May 9, 2008 10:46:22 AM)
I C thanks
wiesman02 (May 9, 2008 10:46:46 AM)
out @774 -4
Mup (May 9, 2008 10:47:16 AM)
got to mups eyeball target :D
Brucelee (May 9, 2008 10:47:41 AM)
l 91.25
limit (May 9, 2008 10:47:55 AM)
never looked at Gann or EW, but came a cross my J. Murphy , tech book yesterday....may be a sign :)
elovemer (May 9, 2008 10:48:10 AM)
keeping stop at 89.5 ... cmon es don't turn now
Mup (May 9, 2008 10:48:24 AM)
good old murphy :)
Mup (May 9, 2008 10:48:53 AM)
'm not at Classic TA'er my self though,
limit (May 9, 2008 10:49:10 AM)
y, actually writes in a fashion people can understand
pev (May 9, 2008 10:49:20 AM)
l 91
limit (May 9, 2008 10:50:01 AM)
this whole thing looks ragged today
Mup (May 9, 2008 10:50:39 AM)
1390 is a lower degree line in the sand
Mup (May 9, 2008 10:50:46 AM)
its -3.25
Mup (May 9, 2008 10:51:24 AM)
-3.25 is this mornings bench mark Alt correction
Mup (May 9, 2008 10:51:54 AM)
if it holds its got a chance of one more high
Mup (May 9, 2008 10:52:04 AM)
if not then things have changed
elovemer (May 9, 2008 10:53:10 AM)
moved stop 89@ -1.5pt
pev (May 9, 2008 10:54:16 AM)
add l 90
elovemer (May 9, 2008 10:54:35 AM)
10min flag needs to not reverse here :(
elovemer (May 9, 2008 10:55:31 AM)
stopped -1.5
wareco (May 9, 2008 10:55:32 AM)
out 89.25 for b/e
pev (May 9, 2008 10:55:43 AM)
TL
Mup (May 9, 2008 10:56:07 AM)
TA sellers in at the 50% are incontrol now
Mup (May 9, 2008 10:58:31 AM)
the'll y be looking to add at on the up bars now
limit (May 9, 2008 10:59:19 AM)
15 min bull?
limit (May 9, 2008 10:59:27 AM)
sorry 5 min
pev (May 9, 2008 10:59:27 AM)
flat 90.5 b/e
pev (May 9, 2008 10:59:34 AM)
I thought so limit
pev (May 9, 2008 10:59:55 AM)
TL still holding it
limit (May 9, 2008 11:01:10 AM)
see if they do sell the up bars
Mup (May 9, 2008 11:02:24 AM)
time wise i would of liked the high around 11.30 onwards but the sellers have shown their intent with that shadow going into that 50% @1393.25
elovemer (May 9, 2008 11:02:51 AM)
i must be crazy..... l 89.25 ... 1pt stop
Mup (May 9, 2008 11:03:10 AM)
it could ED elo
Palatine (May 9, 2008 11:03:33 AM)
GM
wareco (May 9, 2008 11:03:36 AM)
Elove, why no rot trade for you @91.75?
Mup (May 9, 2008 11:03:53 AM)
that would use up some time
limit (May 9, 2008 11:04:09 AM)
gm
elovemer (May 9, 2008 11:04:58 AM)
ware.... i was already in the oops trade.... and high was 93.25
elovemer (May 9, 2008 11:05:10 AM)
81.75/ 93.25
Mup (May 9, 2008 11:05:30 AM)
personnally I'd rater be on the side of who;s cracking the whip and at the moment its the bears
elovemer (May 9, 2008 11:05:53 AM)
me too :)
wareco (May 9, 2008 11:06:09 AM)
Well, had you taken the rot trade what would have been your stop?
Mup (May 9, 2008 11:06:43 AM)
were in the 5th now
limit (May 9, 2008 11:06:49 AM)
50% retrace here
Brucelee (May 9, 2008 11:07:15 AM)
add 88.5
Mup (May 9, 2008 11:07:23 AM)
so news lows are on the cards
elovemer (May 9, 2008 11:07:26 AM)
looks like the flag may reverse ....stopped again -1 ... not a good start for me
Mup (May 9, 2008 11:08:07 AM)
http://www.elitetrader.com/vb/attachment.php?s=&postid=1915286
limit (May 9, 2008 11:08:30 AM)
I'm looking for new highs before the new low
elovemer (May 9, 2008 11:08:54 AM)
ware..... i would either take a 10pt entry with 1.5 stop or take an 11pt entry with 1 pt stop .... better if something else to confirm like a fib
limit (May 9, 2008 11:09:42 AM)
bbiab
elovemer (May 9, 2008 11:09:43 AM)
but you can see how good my stops are..... :(
Palatine (May 9, 2008 11:09:48 AM)
With such a tight stop, chances are high that you will be out thanks to random moves
Palatine (May 9, 2008 11:09:55 AM)
Even if your original analysis was correct
elovemer (May 9, 2008 11:09:58 AM)
i agree
Mup (May 9, 2008 11:10:08 AM)
you could of used a 1 point stop at the 50%
wareco (May 9, 2008 11:10:08 AM)
Ahh, I was figuring a 2 pt. stop, which would have kept you in the trade, and 3 points of profit could have been captured.
wiesman02 (May 9, 2008 11:10:20 AM)
short @757
wareco (May 9, 2008 11:11:59 AM)
I don't do rot trades, but it would seem a 1.5 pt stop is kind of tight seeing how price has already moved 10 pits.
elovemer (May 9, 2008 11:12:28 AM)
ware... i didn't see a short opp on rule of ten because my bias was long based on oops trade.... but looking back i don't see rule of ten at work because 81.75...93.25
Palatine (May 9, 2008 11:12:33 AM)
Put the stop where it makes sense, e.g. below or above a recent pullback
wiesman02 (May 9, 2008 11:13:34 AM)
flat @756 b/e
elovemer (May 9, 2008 11:14:21 AM)
i agree Pal ... ty for that.... been trying to choose best entries .... but still 1pt stop is difficult
Mup (May 9, 2008 11:14:45 AM)
ypu can only really use 1
Mup (May 9, 2008 11:14:50 AM)
1.5 stops
Mup (May 9, 2008 11:15:27 AM)
on TA points such as Measured moves , ALts and fibs deeping on wave degree
Palatine (May 9, 2008 11:15:28 AM)
Nearly impossible :) But just see who is exerting greater influence
Palatine (May 9, 2008 11:15:35 AM)
For example now, it's clearly bears
Palatine (May 9, 2008 11:15:54 AM)
So even if your stop is way up at the high, it's unlikely you will be stopped out before being profitable
Mup (May 9, 2008 11:16:41 AM)
like today for example odds on were in a wave 4 of an ED..These love 50% so you could sell the 50% with a 1.5 stop and see what happens..
Palatine (May 9, 2008 11:17:53 AM)
But the much bigger picture tells me it's a rise from 1380.
Palatine (May 9, 2008 11:18:08 AM)
Unless that support breaks, bulls will want to continue up!
elovemer (May 9, 2008 11:18:50 AM)
y.... i see 93.25 was 50% from 2.75 ....
Mup (May 9, 2008 11:19:28 AM)
Agree on the higher frames the Bulls still have control unless 1368 gets taken out..but on the lower frames the bear are having fun in a A-B-C correction
pev (May 9, 2008 11:20:11 AM)
l 89.5
Mup (May 9, 2008 11:21:42 AM)
Personnally I'd like it to do a lesser a-b-c into lunch ...with this move down from the 50% at 1393.25 the b wave...It would give a much sharper drop latter on....
wareco (May 9, 2008 11:23:17 AM)
S 88.5
Palatine (May 9, 2008 11:23:48 AM)
It all depends on the time frame, and be objective at all times
Mup (May 9, 2008 11:23:59 AM)
yep :)
pev (May 9, 2008 11:24:03 AM)
out -1.5
pev (May 9, 2008 11:24:28 AM)
good catch wareco
pev (May 9, 2008 11:24:36 AM)
system says short here
wareco (May 9, 2008 11:24:42 AM)
out 87.5 +1
pev (May 9, 2008 11:24:53 AM)
should be good for 2 or 3 pts
wareco (May 9, 2008 11:25:14 AM)
I didn't have confidence the trend would continue pev
Mup (May 9, 2008 11:25:19 AM)
Wave 5 of an ED 9/10 emans new low
pev (May 9, 2008 11:25:45 AM)
I wasnt paying attention or I would have reversed
pev (May 9, 2008 11:25:49 AM)
s 88
elovemer (May 9, 2008 11:25:51 AM)
86 .... 61% from 81.75
Mup (May 9, 2008 11:26:01 AM)
so 1379 is a nice target
elovemer (May 9, 2008 11:26:38 AM)
what frame on ED mup ?
Mup (May 9, 2008 11:26:49 AM)
120min Globex
elovemer (May 9, 2008 11:26:52 AM)
ty
Mup (May 9, 2008 11:27:04 AM)
http://www.elitetrader.com/vb/attachment.php?s=&postid=1915286
pev (May 9, 2008 11:29:12 AM)
out b/e need better entry
Mup (May 9, 2008 11:30:05 AM)
the wave 2 bulls will try there luck on the 61.8 :)
wareco (May 9, 2008 11:31:17 AM)
limit, what sayeth thou? Are you working a position?
limit (May 9, 2008 11:32:42 AM)
nothing on at the moment, watching the 30 min for a long setup
pev (May 9, 2008 11:32:47 AM)
so much for the better entry
Mup (May 9, 2008 11:33:26 AM)
you can see it with the candle shadows that some are tring to buy ....I hope they get some where (unlikey) as it will give a better RR to the short side...
wareco (May 9, 2008 11:33:45 AM)
I think that was the right call pev.
riskymove (May 9, 2008 11:34:22 AM)
nice bid
riskymove (May 9, 2008 11:34:27 AM)
that you pev?
pev (May 9, 2008 11:34:28 AM)
was expecting a bit more follow through, but of course things not always perfect
pev (May 9, 2008 11:34:46 AM)
yes risk 5K
riskymove (May 9, 2008 11:35:18 AM)
sweet
riskymove (May 9, 2008 11:36:29 AM)
out +2.25
wareco (May 9, 2008 11:36:36 AM)
nice
riskymove (May 9, 2008 11:36:43 AM)
now she'll drop
wiesman02 (May 9, 2008 11:36:45 AM)
lunchtime rally coming up
riskymove (May 9, 2008 11:36:57 AM)
they blew their wad earlier
wiesman02 (May 9, 2008 11:37:11 AM)
at work lunchtime warriors will be buying
wiesman02 (May 9, 2008 11:37:24 AM)
and I'll be shorting the pop
Palatine (May 9, 2008 11:38:01 AM)
Why not go long instead if you know they will be buying?
wiesman02 (May 9, 2008 11:38:19 AM)
b/c I'd like to base my entries on technicals rather than guesses
wiesman02 (May 9, 2008 11:38:58 AM)
took +10 YM from that guess yesterday, and dont intend to do it again
Palatine (May 9, 2008 11:39:12 AM)
So I hope you will be shorting if price tells you to, not before and not after
wiesman02 (May 9, 2008 11:39:20 AM)
absolutely
wiesman02 (May 9, 2008 11:40:21 AM)
bears are getting tired of fighting the bulls
pev (May 9, 2008 11:40:31 AM)
l 87.5
wiesman02 (May 9, 2008 11:40:32 AM)
should have dropped already
lorshas (May 9, 2008 11:42:40 AM)
hello, 86 is last fib supp for es
lorshas (May 9, 2008 11:42:49 AM)
L 86.75
Palatine (May 9, 2008 11:42:50 AM)
Well, bulls haven't proved anything yet
lorshas (May 9, 2008 11:43:27 AM)
stop 84.75
wiesman02 (May 9, 2008 11:43:35 AM)
no, but its sure not going down w/ ease either
Palatine (May 9, 2008 11:44:25 AM)
That's why we are in a fight. The trader long from 1380 will not give up, and someone short from 1390 isn't going to throw in the towel either
lorshas (May 9, 2008 11:44:44 AM)
wiesman , hows trading today so far?
wiesman02 (May 9, 2008 11:44:55 AM)
3 min on the YM might close as a reversal candle.......could scare off some shorts
riskymove (May 9, 2008 11:46:09 AM)
still looking to short bounces
riskymove (May 9, 2008 11:46:15 AM)
xlf back below 26
lorshas (May 9, 2008 11:46:53 AM)
long target around 89.5
riskymove (May 9, 2008 11:48:04 AM)
s 87.75
lorshas (May 9, 2008 11:48:30 AM)
out 1/2 @ 88.25 + 1.5
pev (May 9, 2008 11:49:44 AM)
out 88.25 +.75
lorshas (May 9, 2008 11:50:40 AM)
touched the down TL & found some resis, 88.5 taken 89.5 next
lorshas (May 9, 2008 11:52:50 AM)
if it tic below 86 will close the long ..
pev (May 9, 2008 11:55:22 AM)
s 87
pev (May 9, 2008 11:55:29 AM)
short signal on new system
riskymove (May 9, 2008 11:56:09 AM)
out +1 just playing for poitn
lorshas (May 9, 2008 11:56:24 AM)
out last 1/2 @ 86.5 -0.25
lorshas (May 9, 2008 11:56:35 AM)
will take small loss, ym weak
lorshas (May 9, 2008 11:56:45 AM)
YM trying to push market lower
pev (May 9, 2008 11:57:02 AM)
with this vol its going to be difficult to have any follow through
lorshas (May 9, 2008 11:57:11 AM)
still es need to break this 68 level
wiesman02 (May 9, 2008 11:57:18 AM)
Lorsh, AIG is pushing Ym lower
lorshas (May 9, 2008 11:57:20 AM)
^86
wiesman02 (May 9, 2008 11:57:51 AM)
AIG hitting support right here though
lorshas (May 9, 2008 11:58:00 AM)
if u see the wedge on es 5 min chart
lorshas (May 9, 2008 11:58:14 AM)
its sliding on its lower border
lorshas (May 9, 2008 11:58:28 AM)
86.5 - 88.5
riskymove (May 9, 2008 11:58:44 AM)
y trend is down but it has no ummph
lorshas (May 9, 2008 11:58:48 AM)
S 86.5 risky ..
lorshas (May 9, 2008 11:59:06 AM)
about to breakdown
lorshas (May 9, 2008 11:59:12 AM)
i c it in the nq
pev (May 9, 2008 11:59:25 AM)
looking for 85
riskymove (May 9, 2008 11:59:32 AM)
and bonds still moving higher
wiesman02 (May 9, 2008 11:59:32 AM)
Long @743
wiesman02 (May 9, 2008 11:59:43 AM)
risky, but a worthy gamble
wiesman02 (May 9, 2008 12:00:04 PM)
R:R makes it worth it
lorshas (May 9, 2008 12:00:19 PM)
yeah 1 contract gamble :)
lorshas (May 9, 2008 12:00:29 PM)
this is how i can catch better trades
wiesman02 (May 9, 2008 12:01:20 PM)
AIG on March 17 had a high of 40.38.....today its low is about 40.32
lorshas (May 9, 2008 12:01:24 PM)
86 broken then low is high possibility
wiesman02 (May 9, 2008 12:01:33 PM)
using that as a support point combined w/ the fact that the bears are beginning to lose
lorshas (May 9, 2008 12:02:34 PM)
out @ 87
lorshas (May 9, 2008 12:02:37 PM)
- 0.5
lorshas (May 9, 2008 12:02:49 PM)
will wait for volume
pev (May 9, 2008 12:03:00 PM)
light vol =chop
lorshas (May 9, 2008 12:03:06 PM)
sellers larger than buyers though
pev (May 9, 2008 12:03:25 PM)
nq about to break
lorshas (May 9, 2008 12:03:32 PM)
s 86.5
lorshas (May 9, 2008 12:04:07 PM)
its out of the wedge now
wiesman02 (May 9, 2008 12:04:12 PM)
XLF trying to bounce off support
wiesman02 (May 9, 2008 12:04:22 PM)
can go either way here i guess
lorshas (May 9, 2008 12:04:29 PM)
going down
pev (May 9, 2008 12:04:41 PM)
I dont even have to watch my charts with you guys - lol
lorshas (May 9, 2008 12:04:44 PM)
larger size on this one
Syprik (May 9, 2008 12:04:46 PM)
gd all. S87.25 atm. trading ema ribbons today.
pev (May 9, 2008 12:05:25 PM)
gm Syp
lorshas (May 9, 2008 12:05:40 PM)
only thing i hate about lunch time is the bulls attack :))
wiesman02 (May 9, 2008 12:06:01 PM)
still long @743, not giving up yet........Us bulls are like ants that need squashing :)
lorshas (May 9, 2008 12:06:24 PM)
big drop in oil sector
lorshas (May 9, 2008 12:06:27 PM)
going down
riskymove (May 9, 2008 12:06:46 PM)
oil not
lorshas (May 9, 2008 12:06:50 PM)
they chop it before it moves
riskymove (May 9, 2008 12:06:53 PM)
the sector been down this morning
lorshas (May 9, 2008 12:07:04 PM)
wait & see
wiesman02 (May 9, 2008 12:07:06 PM)
my theory is everyone expects it to go down, so therefore, its going to go up
riskymove (May 9, 2008 12:07:44 PM)
feels like pop on the way
Mup (May 9, 2008 12:07:56 PM)
a bounce here would catch a few out
lorshas (May 9, 2008 12:08:11 PM)
no bounce
riskymove (May 9, 2008 12:08:40 PM)
you speak very definatively
lorshas (May 9, 2008 12:08:44 PM)
if it bounce shouldnt break 88
lorshas (May 9, 2008 12:08:53 PM)
cuz i need to hold my s :)
riskymove (May 9, 2008 12:09:17 PM)
keeping yourself in the trade I see
riskymove (May 9, 2008 12:09:20 PM)
:)
lorshas (May 9, 2008 12:09:25 PM)
yes till above 88
wiesman02 (May 9, 2008 12:09:28 PM)
c'mon, bulls....to the rescue !
pev (May 9, 2008 12:09:31 PM)
i'm out 86.25 +.75
lorshas (May 9, 2008 12:09:35 PM)
its going down my friends
pev (May 9, 2008 12:09:47 PM)
just taking too long on this last signal
lorshas (May 9, 2008 12:09:47 PM)
ym to weak to stay there
lorshas (May 9, 2008 12:09:56 PM)
pev
lorshas (May 9, 2008 12:10:04 PM)
what new system u using?
pev (May 9, 2008 12:10:15 PM)
based on the 89t
Syprik (May 9, 2008 12:10:28 PM)
out +1
lorshas (May 9, 2008 12:10:31 PM)
i c u have channels there?
Syprik (May 9, 2008 12:10:44 PM)
whew, just in the nic of time
lorshas (May 9, 2008 12:10:46 PM)
this bounce is fake
pev (May 9, 2008 12:10:52 PM)
I have channels up, but not trading off of them
lorshas (May 9, 2008 12:11:25 PM)
how is it going so far
riskymove (May 9, 2008 12:11:47 PM)
lorsh by eod I think you will be right but I think it will bounce a little
riskymove (May 9, 2008 12:12:04 PM)
only because there seems to be now velocity of selling its a drip
pev (May 9, 2008 12:12:05 PM)
if I stick strickly to the signals I should be taking then great :)
lorshas (May 9, 2008 12:12:42 PM)
risky, i'm watching resis levels where i'll take my loss above 88 .25
Syprik (May 9, 2008 12:12:55 PM)
s87
wiesman02 (May 9, 2008 12:13:25 PM)
wow, a lot of people selling this bounce
lorshas (May 9, 2008 12:13:36 PM)
so why u dont stick to them?
wiesman02 (May 9, 2008 12:13:54 PM)
b/c i'm stubborn
lorshas (May 9, 2008 12:14:31 PM)
here comes the drop
lorshas (May 9, 2008 12:16:00 PM)
i stick to my rules & lose often but most of the days are green, & few very green , some times i cover my losses in 1-2 great days for the month
wiesman02 (May 9, 2008 12:16:45 PM)
well truthfully, I don't see a drop coming
wiesman02 (May 9, 2008 12:16:53 PM)
partially why I'm still long @743
Syprik (May 9, 2008 12:17:21 PM)
out +0.5
lorshas (May 9, 2008 12:17:24 PM)
its a good long spot just at the supp
lorshas (May 9, 2008 12:18:01 PM)
u must be great wiesman in risk management :)
wiesman02 (May 9, 2008 12:19:03 PM)
i'll take a 6 point hit if this loses, but I plan on making at least 12 if this wins
Syprik (May 9, 2008 12:19:11 PM)
sitting on hands
lorshas (May 9, 2008 12:19:27 PM)
take 20 if it works
wiesman02 (May 9, 2008 12:19:37 PM)
y
wareco (May 9, 2008 12:20:21 PM)
L 86.75
riskymove (May 9, 2008 12:20:33 PM)
cash still trying to hold 20 ma on daily
riskymove (May 9, 2008 12:20:51 PM)
last break below was 4/11
Mup (May 9, 2008 12:20:51 PM)
back to 1391-92 would catch a few out
Mup (May 9, 2008 12:21:05 PM)
before we get the final drop
wiesman02 (May 9, 2008 12:21:21 PM)
$tran just ticked a lower low
lorshas (May 9, 2008 12:21:40 PM)
out @ 87 -0.5
wiesman02 (May 9, 2008 12:21:41 PM)
stop @ b/e now
Mup (May 9, 2008 12:21:50 PM)
http://www.elitetrader.com/vb/attachment.php?s=&postid=1915478
lorshas (May 9, 2008 12:22:02 PM)
L 87.5
lorshas (May 9, 2008 12:22:15 PM)
thats breakout of TL
wiesman02 (May 9, 2008 12:22:23 PM)
XLF just popped
lorshas (May 9, 2008 12:22:47 PM)
i put quad size in this L
wareco (May 9, 2008 12:22:55 PM)
out +1
lorshas (May 9, 2008 12:22:58 PM)
stop 85.5
riskymove (May 9, 2008 12:23:17 PM)
very little interest in going up though
lorshas (May 9, 2008 12:24:16 PM)
they have to do head fake before it drops :)
lorshas (May 9, 2008 12:25:07 PM)
out 86.5 - 1
riskymove (May 9, 2008 12:25:14 PM)
if you think it's goig to drop why go long?
wiesman02 (May 9, 2008 12:25:29 PM)
think AIG needs to break out of its channel for a run up in YM
lorshas (May 9, 2008 12:25:34 PM)
S 86.5
lorshas (May 9, 2008 12:25:54 PM)
i went long cuz i saw increasing volum along the TL
lorshas (May 9, 2008 12:26:03 PM)
the broke it then it got faded
lorshas (May 9, 2008 12:26:13 PM)
oil made new low so i went s
wiesman02 (May 9, 2008 12:26:15 PM)
stopped out b/e @744
riskymove (May 9, 2008 12:26:32 PM)
s 86.25
riskymove (May 9, 2008 12:26:40 PM)
feels weak
wiesman02 (May 9, 2008 12:26:42 PM)
should have shorted when I had a short signal on that pop up
lorshas (May 9, 2008 12:27:28 PM)
s the first breakout will give u edge, but i was in a position difficult to see the other side of trade
pev (May 9, 2008 12:27:31 PM)
s 86.75
wiesman02 (May 9, 2008 12:27:53 PM)
brb, short break
lorshas (May 9, 2008 12:27:58 PM)
will add s @ 86.5
riskymove (May 9, 2008 12:28:00 PM)
dip buyers may peter out early on a friday
lorshas (May 9, 2008 12:28:12 PM)
one big hit & will be done
pev (May 9, 2008 12:28:40 PM)
short signal about to confirm here
wareco (May 9, 2008 12:29:16 PM)
shouldn't the signal have confirmed before you entered? :)
pev (May 9, 2008 12:29:28 PM)
yes :)
pev (May 9, 2008 12:30:07 PM)
not confirmed
lorshas (May 9, 2008 12:30:23 PM)
who will confirm it for u pev? :)
lorshas (May 9, 2008 12:31:43 PM)
now i see good sellers
pev (May 9, 2008 12:31:48 PM)
price will lorshas :)
lorshas (May 9, 2008 12:32:05 PM)
pev, the one who confim the L signal will sell to u
wareco (May 9, 2008 12:32:14 PM)
I dunno, but all I see is a bunch of chop.
lorshas (May 9, 2008 12:32:21 PM)
its too late to enter after confirmatiom
pev (May 9, 2008 12:32:25 PM)
yep lunch chop
pev (May 9, 2008 12:32:44 PM)
i'm out b/e
Syprik (May 9, 2008 12:32:56 PM)
just a guessing game here, waiting for confirmation.
lorshas (May 9, 2008 12:33:04 PM)
it sat there for long time they couldnt bounce it,
lorshas (May 9, 2008 12:33:12 PM)
i think this mean weakness
lorshas (May 9, 2008 12:36:10 PM)
83.75 is the low
lorshas (May 9, 2008 12:37:12 PM)
pev, what charting software u use?
pev (May 9, 2008 12:38:14 PM)
I'm using quotetracker
wareco (May 9, 2008 12:38:47 PM)
L 87
lorshas (May 9, 2008 12:39:55 PM)
dose it freeze during high volume trading like FOMC decision?
pev (May 9, 2008 12:40:46 PM)
no way
lorshas (May 9, 2008 12:40:57 PM)
good
pev (May 9, 2008 12:41:08 PM)
IB might slow a bit but not too bad
pev (May 9, 2008 12:41:20 PM)
what do you use?
wareco (May 9, 2008 12:41:35 PM)
out -.25
lorshas (May 9, 2008 12:42:10 PM)
i use tradesation, having a lot of charts & monitors i get significant delay in T&S, i have to close some of the workspaces
pev (May 9, 2008 12:43:03 PM)
I have about 22 charts active and not a problem
pev (May 9, 2008 12:43:16 PM)
actually about 26 charts
lorshas (May 9, 2008 12:43:42 PM)
i used esignal its even worse :)
pev (May 9, 2008 12:44:11 PM)
is IQ feed any good?
lorshas (May 9, 2008 12:44:26 PM)
i reached level where sometimes i trade from what i hear in the pit :)
lorshas (May 9, 2008 12:44:51 PM)
didnt try iq feed
pev (May 9, 2008 12:45:24 PM)
does the pit help during these times?
pev (May 9, 2008 12:45:48 PM)
when light vol that is
lorshas (May 9, 2008 12:46:35 PM)
if everybody trading the smae direction yes, but its rare
lorshas (May 9, 2008 12:46:55 PM)
u remeber the firday when bearsterns dropped big time
pev (May 9, 2008 12:47:30 PM)
yes
lorshas (May 9, 2008 12:47:38 PM)
jpmorgan was just hammering the bids it went about 20 points in no time
pev (May 9, 2008 12:48:00 PM)
are you the sports gambler?
lorshas (May 9, 2008 12:48:01 PM)
almost no buyers
lorshas (May 9, 2008 12:48:08 PM)
:)
lorshas (May 9, 2008 12:48:22 PM)
nop
pev (May 9, 2008 12:48:37 PM)
ok, there was someone here that bet on sports
Palatine (May 9, 2008 12:49:27 PM)
Good to go long in my opinion
Palatine (May 9, 2008 12:49:30 PM)
Bears can't get it done
pev (May 9, 2008 12:50:03 PM)
looks like it
Syprik (May 9, 2008 12:50:13 PM)
pev, noticing only very small difference between zen-fire speed and IB. off course reporting of ticks is different (IB aggregated). Multicharts is about to incorporate the Zen-fire feed, so will likely add a Mirus/Dorman account when that happens.
lorshas (May 9, 2008 12:50:53 PM)
out 88.5 - 2
lorshas (May 9, 2008 12:51:37 PM)
watching 90 level
lorshas (May 9, 2008 12:51:56 PM)
L order @ 87.75
lorshas (May 9, 2008 12:52:30 PM)
filled
pev (May 9, 2008 12:53:01 PM)
Sounds goo Syp. I was reviewing the charts IB (aggregated) vs. Mirus and I actually seems to like the aggregated ticks :) its early to tell (I need to study more) but I may be getting better signals with IB
pev (May 9, 2008 12:53:09 PM)
l 87.5
pev (May 9, 2008 12:53:26 PM)
would have liked better vol on that last 5 min bar
lorshas (May 9, 2008 12:53:29 PM)
are IB charts based on java
pev (May 9, 2008 12:53:47 PM)
I think, but I dont use their charts
riskymove (May 9, 2008 12:54:06 PM)
s 88
lorshas (May 9, 2008 12:54:08 PM)
java charting will never be good
Palatine (May 9, 2008 12:54:18 PM)
90 is going to break anyway if bulls have it in them, why should they give up at 90?
lorshas (May 9, 2008 12:54:24 PM)
watch 90
Syprik (May 9, 2008 12:54:30 PM)
yep, when you do a long term backtest, they both have better signals at differing times. I'd bet it's close to a wash. since i'm mostly a longer TF guy, not going to lose sleep over it.
pev (May 9, 2008 12:54:35 PM)
watching 89.5
Palatine (May 9, 2008 12:55:03 PM)
How about 1400? :)
Syprik (May 9, 2008 12:55:04 PM)
plus i absolutely need IB for DAX, options, stocks etc
Mup (May 9, 2008 12:55:30 PM)
Double top of just above the double top to catch the moring high stops would be nice before a mark down
Syprik (May 9, 2008 12:55:37 PM)
lorsh, IB charts are garbage
Lucrum (May 9, 2008 12:56:07 PM)
levels i'm watching http://charts.dacharts.com/2008-05-09/2008-05-09%2013-04%20ES%20%23F%2015.png
lorshas (May 9, 2008 12:56:39 PM)
thx syp,
lorshas (May 9, 2008 12:56:54 PM)
was thinking about opening a backup account there
pev (May 9, 2008 12:57:00 PM)
ES bounced off 76.4, now at 50%
riskymove (May 9, 2008 12:57:16 PM)
good chart luc
lorshas (May 9, 2008 12:57:20 PM)
es going to touch 91
pev (May 9, 2008 12:58:21 PM)
Syp can you backtest with multicharts?
Syprik (May 9, 2008 12:58:54 PM)
lorsh, just use 3rd party charting and frontend w/IB imo.... IB wtih buttontrader & MC/Sierra/Ninja are going to be good.
lorshas (May 9, 2008 12:58:54 PM)
this market looks good for fading
Mup (May 9, 2008 12:58:59 PM)
still like to see 1378 area once this wave iv completes
Mup (May 9, 2008 12:59:02 PM)
http://www.elitetrader.com/vb/attachment.php?s=&postid=1915538
Syprik (May 9, 2008 12:59:02 PM)
yes pev
lorshas (May 9, 2008 12:59:43 PM)
ym dropping & russell in rally mode
Syprik (May 9, 2008 12:59:47 PM)
no decent order entry...buttontrader is the ticket (or zeroline from what I sampled but still sticking with bt)
riskymove (May 9, 2008 1:00:12 PM)
oil just keeps on truckin
pev (May 9, 2008 1:00:14 PM)
I use IB's booktrader
pev (May 9, 2008 1:00:43 PM)
out -1
lorshas (May 9, 2008 1:00:45 PM)
ouch stopped @ 86.75 - 1
lorshas (May 9, 2008 1:00:52 PM)
ym new low
wiesman02 (May 9, 2008 1:01:13 PM)
wow !
wiesman02 (May 9, 2008 1:01:15 PM)
just got back
Syprik (May 9, 2008 1:01:21 PM)
news?
wiesman02 (May 9, 2008 1:01:27 PM)
guess the bulls were just asking for it
riskymove (May 9, 2008 1:01:35 PM)
nothing i see syp was looking
lorshas (May 9, 2008 1:01:38 PM)
s 87 order
riskymove (May 9, 2008 1:01:42 PM)
c or aig didn't drop to do that to ym
pev (May 9, 2008 1:02:10 PM)
s 86.75
limit (May 9, 2008 1:02:39 PM)
fat gigabyted bot...lol
riskymove (May 9, 2008 1:02:45 PM)
lol
pev (May 9, 2008 1:02:55 PM)
watching for break of 86
lorshas (May 9, 2008 1:03:43 PM)
no fill, took s @ 86.5
pev (May 9, 2008 1:03:47 PM)
the less of a chance it gives for shorts to enter, the bigger the drop
Syprik (May 9, 2008 1:04:00 PM)
ema ribbon strat setting up for short here
lorshas (May 9, 2008 1:04:33 PM)
big bearish reversal candle on 15 min chart
riskymove (May 9, 2008 1:04:45 PM)
need some pukage
limit (May 9, 2008 1:04:51 PM)
this has turned into a mess ,I think it's time to go have fun...later
lorshas (May 9, 2008 1:05:00 PM)
later limit
pev (May 9, 2008 1:05:01 PM)
cya limit
riskymove (May 9, 2008 1:05:27 PM)
maybe time to not be a mess though
Syprik (May 9, 2008 1:05:44 PM)
s86.5
pev (May 9, 2008 1:05:51 PM)
Dow looks pretty weak
riskymove (May 9, 2008 1:06:03 PM)
oso - ncie call yesterday - just took till rth was closed to hit
Palatine (May 9, 2008 1:06:07 PM)
Short this crap, going back to 1380
lorshas (May 9, 2008 1:06:14 PM)
it was weaak all the day, they waited for the pop to sell it
Palatine (May 9, 2008 1:06:18 PM)
Stop above the failed attempt
riskymove (May 9, 2008 1:06:25 PM)
ym fresh lod
pev (May 9, 2008 1:06:32 PM)
ES to follow?
pev (May 9, 2008 1:06:45 PM)
we may see 1380
riskymove (May 9, 2008 1:06:51 PM)
nq er2 lagging
lorshas (May 9, 2008 1:07:06 PM)
i would say yes it will follow, but i dont like the way NQ & ER2 holding
riskymove (May 9, 2008 1:07:13 PM)
me either
osorico (May 9, 2008 1:07:17 PM)
702 YM target... beyond there, big air, 615!! which I have mentioned for 5 days straight but no down turn materialized. beyond 615, more big air, 528.
pev (May 9, 2008 1:07:24 PM)
NQ needs to break 56
lorshas (May 9, 2008 1:08:13 PM)
will give the short a lot of space, we may test 80 today?
lorshas (May 9, 2008 1:08:29 PM)
what was the premarket low
lorshas (May 9, 2008 1:08:43 PM)
81.75
pev (May 9, 2008 1:08:46 PM)
thats what I'm looking for 1380
lorshas (May 9, 2008 1:08:47 PM)
:)
pev (May 9, 2008 1:09:07 PM)
but I'll take 82
lorshas (May 9, 2008 1:09:15 PM)
take anything
lorshas (May 9, 2008 1:09:32 PM)
i'm losing because of my high targets
lorshas (May 9, 2008 1:09:52 PM)
if i toook 3 - 4 tic out of each trade most will be winners
osorico (May 9, 2008 1:09:56 PM)
how bout that expectatuion of 752 yesterday afternnon. Timing was slighly off, level was dead on. :)
Syprik (May 9, 2008 1:09:59 PM)
out +1
pev (May 9, 2008 1:10:11 PM)
thats why you either scalp or you swing :)
riskymove (May 9, 2008 1:10:12 PM)
out 2 +2.5
pev (May 9, 2008 1:10:27 PM)
ncie
riskymove (May 9, 2008 1:10:30 PM)
y i gave you props oso above
riskymove (May 9, 2008 1:10:38 PM)
will renter if can break
lorshas (May 9, 2008 1:10:48 PM)
same trades last day would work, today is narrow range
lorshas (May 9, 2008 1:12:02 PM)
and by looking @ the daily charts, each index today is very different from the other
pev (May 9, 2008 1:13:06 PM)
thats why its a bit messy
wiesman02 (May 9, 2008 1:14:21 PM)
anyone still short ?
wiesman02 (May 9, 2008 1:14:28 PM)
thinking about entering soon
pev (May 9, 2008 1:14:52 PM)
y
Syprik (May 9, 2008 1:14:52 PM)
s86
lorshas (May 9, 2008 1:15:00 PM)
me s @ 86.5
lorshas (May 9, 2008 1:15:53 PM)
looking for 84 - 83.5
lorshas (May 9, 2008 1:16:11 PM)
stop @ 88
riskymove (May 9, 2008 1:16:21 PM)
er2 holding up - strange
riskymove (May 9, 2008 1:16:27 PM)
xlf lower though
wiesman02 (May 9, 2008 1:16:38 PM)
k, i'm short at 721, now gimmie some vol !
lorshas (May 9, 2008 1:18:07 PM)
pev u exit on market or limit orders?
Palatine (May 9, 2008 1:18:14 PM)
Just be patient, that's where many traders fail.
Palatine (May 9, 2008 1:18:28 PM)
Market will give you the money if you let it come
lorshas (May 9, 2008 1:18:38 PM)
be patient & avoid the chop :)
Mup (May 9, 2008 1:18:48 PM)
sound advise :)
pev (May 9, 2008 1:19:42 PM)
lor, I exit on limit orders, stops on market
Mup (May 9, 2008 1:19:48 PM)
BOT's seem to be set on opening price mean reversion :D
pev (May 9, 2008 1:20:44 PM)
Palatine are you short?
lorshas (May 9, 2008 1:20:51 PM)
out @ 85.5 + 1
lorshas (May 9, 2008 1:20:55 PM)
very choppy
lorshas (May 9, 2008 1:21:19 PM)
now it can drop :)
Palatine (May 9, 2008 1:21:29 PM)
Yes, but short from yesterday
osorico (May 9, 2008 1:21:34 PM)
it will. :eek: :)
lorshas (May 9, 2008 1:21:52 PM)
they were waiting for me to close the s :)
lorshas (May 9, 2008 1:22:37 PM)
s er2 717
lorshas (May 9, 2008 1:22:54 PM)
stop 718.7
Palatine (May 9, 2008 1:23:00 PM)
Hm lorshas, your stop is 89.25, limit buy around 82
wiesman02 (May 9, 2008 1:23:01 PM)
christ, just drop already
wiesman02 (May 9, 2008 1:23:04 PM)
bulls, u lose, so leave
Palatine (May 9, 2008 1:23:04 PM)
Not much else to do
Palatine (May 9, 2008 1:23:19 PM)
Except showing patience ;)
pev (May 9, 2008 1:23:20 PM)
relax wies
wiesman02 (May 9, 2008 1:23:37 PM)
hah, the bulls are angering me
pev (May 9, 2008 1:23:46 PM)
walk away and have drink
wiesman02 (May 9, 2008 1:23:52 PM)
i'm short from 721
wiesman02 (May 9, 2008 1:23:55 PM)
i cant walk away
wiesman02 (May 9, 2008 1:24:01 PM)
target 701
pev (May 9, 2008 1:24:12 PM)
put stop and target
Mup (May 9, 2008 1:25:17 PM)
MM gives 1381.5
lorshas (May 9, 2008 1:28:49 PM)
pev u still s
pev (May 9, 2008 1:29:03 PM)
yes, was trying to take some off @ 84.5
riskymove (May 9, 2008 1:29:14 PM)
spx cash put in new lod barely
lorshas (May 9, 2008 1:29:42 PM)
ym 15 min chart forming bullish ahmmer
lorshas (May 9, 2008 1:29:48 PM)
*hammer
pev (May 9, 2008 1:30:03 PM)
abd es
pev (May 9, 2008 1:30:05 PM)
and es
riskymove (May 9, 2008 1:31:25 PM)
out -1
lorshas (May 9, 2008 1:31:39 PM)
out er2 @ 717 b/e
lorshas (May 9, 2008 1:31:49 PM)
s wont work
lorshas (May 9, 2008 1:32:02 PM)
L ym 720
lorshas (May 9, 2008 1:32:17 PM)
stop 690
lorshas (May 9, 2008 1:32:35 PM)
target around 760
wiesman02 (May 9, 2008 1:34:16 PM)
adding a 2nd short @724, average @722.5, stop at 731
Mup (May 9, 2008 1:34:34 PM)
I'd still like a run at the days high
Mup (May 9, 2008 1:34:52 PM)
just to have the stops, before we go back down
lorshas (May 9, 2008 1:34:58 PM)
L @ 86.25
lorshas (May 9, 2008 1:35:17 PM)
resis 87.25 - 87.5
riskymove (May 9, 2008 1:35:22 PM)
i expect there to be some decent selling before day is out but i don't know what level it will come from
pev (May 9, 2008 1:35:25 PM)
volume is pathetic
riskymove (May 9, 2008 1:35:28 PM)
y
Mup (May 9, 2008 1:36:48 PM)
needs to get above 1387.5 to suck some more bulls in
pev (May 9, 2008 1:37:29 PM)
out b/e
pev (May 9, 2008 1:37:34 PM)
now that sucked
lorshas (May 9, 2008 1:37:50 PM)
out @ 87.25 + 1
Mup (May 9, 2008 1:37:52 PM)
http://www.elitetrader.com/vb/attachment.php?s=&postid=1915608
lorshas (May 9, 2008 1:37:59 PM)
keeping ym long
pev (May 9, 2008 1:37:59 PM)
I'll stick to scalping
wiesman02 (May 9, 2008 1:38:11 PM)
going down now
wiesman02 (May 9, 2008 1:38:20 PM)
if it doesnt, i'm out
lorshas (May 9, 2008 1:38:56 PM)
again L 86.25
Syprik (May 9, 2008 1:39:06 PM)
L86.25
lorshas (May 9, 2008 1:39:53 PM)
out @ 86.75 + 0.5
lorshas (May 9, 2008 1:40:10 PM)
still that 87.5 resis not broken
lorshas (May 9, 2008 1:40:50 PM)
s 87.25
wiesman02 (May 9, 2008 1:40:53 PM)
out, -9 X 2
Syprik (May 9, 2008 1:42:39 PM)
out +0.75
wiesman02 (May 9, 2008 1:42:43 PM)
SL at 735
lorshas (May 9, 2008 1:42:47 PM)
out @ 86.75 + 0.5
lorshas (May 9, 2008 1:43:23 PM)
need to keep saclping that thing :)
lorshas (May 9, 2008 1:44:25 PM)
any L here?
lorshas (May 9, 2008 1:45:26 PM)
L 87
wiesman02 (May 9, 2008 1:45:28 PM)
short @ 729, last short if this fails
lorshas (May 9, 2008 1:48:33 PM)
out 1/2 ym @ 736 + 16
wiesman02 (May 9, 2008 1:48:35 PM)
out @735 -6, no more shorting
Mup (May 9, 2008 1:49:00 PM)
got some more bulls in now
lorshas (May 9, 2008 1:49:00 PM)
out es @ 88 + 1
wiesman02 (May 9, 2008 1:49:11 PM)
def. wasnt expecting this run up
Mup (May 9, 2008 1:49:37 PM)
new high
Mup (May 9, 2008 1:49:45 PM)
to get the stops would be great
lorshas (May 9, 2008 1:50:17 PM)
89.7 then 91 es resis
riskymove (May 9, 2008 1:50:40 PM)
s 88
lorshas (May 9, 2008 1:50:52 PM)
no more s
Mup (May 9, 2008 1:51:22 PM)
might get a decent short once we finish this c wave
lorshas (May 9, 2008 1:51:27 PM)
waiting for dip to L
lorshas (May 9, 2008 1:52:15 PM)
L order @ 87.25
lorshas (May 9, 2008 1:52:48 PM)
L 87.75
lorshas (May 9, 2008 1:53:27 PM)
out @ 88.5 + 7.5
lorshas (May 9, 2008 1:53:35 PM)
+ 0.75
lorshas (May 9, 2008 1:53:48 PM)
going higher though
Mup (May 9, 2008 1:54:09 PM)
1393.75
lorshas (May 9, 2008 1:54:29 PM)
out last 1/2 on ym @ 740 + 20
lorshas (May 9, 2008 1:54:51 PM)
didnt want to hold higher cuz its still below the trendline
lorshas (May 9, 2008 1:55:06 PM)
glad to be back in green :)
lorshas (May 9, 2008 1:55:52 PM)
er2 looks like it will break the high
pev (May 9, 2008 1:55:58 PM)
s 88.5
lorshas (May 9, 2008 1:56:40 PM)
s 88.25
lorshas (May 9, 2008 1:56:43 PM)
order
lorshas (May 9, 2008 1:57:09 PM)
no fill yet
lorshas (May 9, 2008 1:57:43 PM)
s um 735 stop 748
lorshas (May 9, 2008 1:57:47 PM)
um=ym
lorshas (May 9, 2008 1:58:12 PM)
fille on es s @ 88.25
lorshas (May 9, 2008 1:58:38 PM)
target 87.75
lorshas (May 9, 2008 1:58:52 PM)
out @ 87.75 + 0.5
lorshas (May 9, 2008 1:59:26 PM)
u still holding pev?
pev (May 9, 2008 1:59:31 PM)
y
pev (May 9, 2008 1:59:40 PM)
no fill 87.5
pev (May 9, 2008 2:00:03 PM)
out 87.5 +1
lorshas (May 9, 2008 2:00:37 PM)
out ym @ 29 + 6 tics
lorshas (May 9, 2008 2:00:49 PM)
not holidng swings
lorshas (May 9, 2008 2:01:10 PM)
i would be L now but number one local is selling the pit
pev (May 9, 2008 2:01:12 PM)
not worth it today
pev (May 9, 2008 2:01:29 PM)
whos the #1 local
riskymove (May 9, 2008 2:01:30 PM)
anyone read es journal lately?
lorshas (May 9, 2008 2:01:30 PM)
will see if he could get it working
Syprik (May 9, 2008 2:01:37 PM)
L87.75
lorshas (May 9, 2008 2:01:40 PM)
the one who moves all the markets :)
pev (May 9, 2008 2:01:50 PM)
:)
riskymove (May 9, 2008 2:01:50 PM)
looking like b1s2 got short swing with a 1440 stop
wiesman02 (May 9, 2008 2:01:50 PM)
Cramer..... :eek:
pev (May 9, 2008 2:01:58 PM)
why risky?
riskymove (May 9, 2008 2:02:07 PM)
doesn't say
riskymove (May 9, 2008 2:02:29 PM)
was short earlier said it was daytrade but he got out then looks like he reshorted 20 mins ago
pev (May 9, 2008 2:02:31 PM)
yes, saw that
riskymove (May 9, 2008 2:02:46 PM)
but he's got a huge stop on
pev (May 9, 2008 2:02:55 PM)
what else is new
lorshas (May 9, 2008 2:03:04 PM)
i think Borsellino
Syprik (May 9, 2008 2:03:09 PM)
out b/e
riskymove (May 9, 2008 2:03:14 PM)
sometimes his stops arent that big
riskymove (May 9, 2008 2:03:22 PM)
this ones' 50+ poitns
pev (May 9, 2008 2:03:28 PM)
wow
pev (May 9, 2008 2:03:44 PM)
might take months to get stopped - lol
riskymove (May 9, 2008 2:03:44 PM)
i just mention becasue he usually has decent direction longer term tfs
riskymove (May 9, 2008 2:04:10 PM)
and no reason for anyone to have stop htat large if you didnt think profit target was huge
riskymove (May 9, 2008 2:04:22 PM)
10 looks like bear flag
Syprik (May 9, 2008 2:04:25 PM)
three attempts above 1420 w/ 1440 stop was the smart short position.
pev (May 9, 2008 2:04:30 PM)
I forgot about the TL on the daily. That's why ES is holding so well at mid 80s
riskymove (May 9, 2008 2:04:32 PM)
target would probably be 81 to 82
riskymove (May 9, 2008 2:04:36 PM)
y
pev (May 9, 2008 2:04:47 PM)
yes syp
lorshas (May 9, 2008 2:05:11 PM)
pev, TL on the daily looks broken here
pev (May 9, 2008 2:05:30 PM)
it broke, but its hanging inside now
lorshas (May 9, 2008 2:05:31 PM)
specially for the ym
lorshas (May 9, 2008 2:05:42 PM)
NQ on the other side holding well
lorshas (May 9, 2008 2:05:57 PM)
L 87.5
riskymove (May 9, 2008 2:05:59 PM)
dow cash below 20 day ma but it at least touched 200 day
riskymove (May 9, 2008 2:06:14 PM)
but it does look like it has broken more than spx
lorshas (May 9, 2008 2:06:14 PM)
out @ 88.5
lorshas (May 9, 2008 2:06:16 PM)
+1
wiesman02 (May 9, 2008 2:06:36 PM)
we might be chopping for a whiloe
wiesman02 (May 9, 2008 2:06:39 PM)
while
lorshas (May 9, 2008 2:06:46 PM)
number one will get stuck now if this thing pop up
riskymove (May 9, 2008 2:07:23 PM)
volume coming to a standstill
lorshas (May 9, 2008 2:08:00 PM)
L 88.25
wiesman02 (May 9, 2008 2:10:40 PM)
nice bearish signal here
riskymove (May 9, 2008 2:11:09 PM)
American Intl: Moody's reviews AIG (senior debt at Aa2) for possible downgrade (40.46 -3.70) -Update-
pev (May 9, 2008 2:11:34 PM)
s 88
riskymove (May 9, 2008 2:11:51 PM)
could have been a little stop run pop there
Palatine (May 9, 2008 2:12:07 PM)
Short looks good if you think 1390 is a problem area.
Mup (May 9, 2008 2:12:15 PM)
yes the 50% stops were hit
Palatine (May 9, 2008 2:12:16 PM)
This time I would not give up until 1380
riskymove (May 9, 2008 2:12:28 PM)
pev that was great timin
lorshas (May 9, 2008 2:12:48 PM)
out @ 87.25 -1
pev (May 9, 2008 2:12:48 PM)
hope it sticks risky
riskymove (May 9, 2008 2:13:02 PM)
well i have been short from thre for 20 mins
lorshas (May 9, 2008 2:13:30 PM)
s 87.75
pev (May 9, 2008 2:13:47 PM)
lorshas is not shy about switching sides - lol
wiesman02 (May 9, 2008 2:13:52 PM)
the lord sayeth, "thou shall be rangebound until 3:00"
riskymove (May 9, 2008 2:13:56 PM)
no hes not
lorshas (May 9, 2008 2:14:01 PM)
nasty drop on ym
lorshas (May 9, 2008 2:14:09 PM)
had to be s :)
pev (May 9, 2008 2:14:10 PM)
actually a very good trait
lorshas (May 9, 2008 2:14:18 PM)
plus
riskymove (May 9, 2008 2:14:20 PM)
y it is
lorshas (May 9, 2008 2:14:28 PM)
rejection of 61.8% fib
lorshas (May 9, 2008 2:14:38 PM)
89.5
wiesman02 (May 9, 2008 2:14:48 PM)
that tank on the YM was so obvious once if failed to maintain the new highs
riskymove (May 9, 2008 2:14:50 PM)
all index cooperating
lorshas (May 9, 2008 2:14:51 PM)
not covering here
wiesman02 (May 9, 2008 2:14:52 PM)
*it*
pev (May 9, 2008 2:14:58 PM)
this could get ugly if vol comes in
Palatine (May 9, 2008 2:15:02 PM)
Don't give up, make your day worth something
Palatine (May 9, 2008 2:15:11 PM)
Have the market reward you for your efforts
wiesman02 (May 9, 2008 2:15:16 PM)
starting to get a hang of this :)
wiesman02 (May 9, 2008 2:15:28 PM)
*the hang* can't type today
pev (May 9, 2008 2:15:50 PM)
weis, just when one thinks you got it all figured out, then they hit a brick wall
wiesman02 (May 9, 2008 2:16:07 PM)
Pev, I can attest to that first hand
wiesman02 (May 9, 2008 2:16:08 PM)
lol
pev (May 9, 2008 2:16:18 PM)
we all can I'm sure
wiesman02 (May 9, 2008 2:16:27 PM)
but its nice to know I'm making progress
wiesman02 (May 9, 2008 2:16:41 PM)
the account might not show it, but my understanding of PA gets better and better
pev (May 9, 2008 2:17:04 PM)
screen time - the more years the better
Palatine (May 9, 2008 2:17:27 PM)
Trading isn't hard as such, but you can make it as hard as you want it to be.
pev (May 9, 2008 2:17:34 PM)
this chop just sucks
wiesman02 (May 9, 2008 2:17:49 PM)
i've been actually making more paper trades than real time at the moment.......trying to keep the account at b/e / slightly profitable, while I learn
riskymove (May 9, 2008 2:18:04 PM)
nothing wrong with that
riskymove (May 9, 2008 2:18:09 PM)
log what works and what doesn't
pev (May 9, 2008 2:18:22 PM)
log are your trades
pev (May 9, 2008 2:18:29 PM)
all your trade
wiesman02 (May 9, 2008 2:18:30 PM)
yah, I am
brightstone (May 9, 2008 2:18:33 PM)
the more I trade the more I know that I don't know, make sure you can quantify your results....
wiesman02 (May 9, 2008 2:19:10 PM)
my understanding of price and vol is getting better....helping me to hold some positions that go against me
wiesman02 (May 9, 2008 2:19:20 PM)
before i'd freak
pev (May 9, 2008 2:20:14 PM)
some off @ 86 +2
Syprik (May 9, 2008 2:20:25 PM)
keep notes!
Syprik (May 9, 2008 2:21:00 PM)
i scribble down what I do during week, then take 15mins or so to log them in excel/word
lorshas (May 9, 2008 2:21:16 PM)
out 1/2 @ 85.75 + 2
Syprik (May 9, 2008 2:21:23 PM)
on weekend that is
riskymove (May 9, 2008 2:21:33 PM)
thats great syp - i need to do that myself
lorshas (May 9, 2008 2:21:43 PM)
taken all out + 2
riskymove (May 9, 2008 2:21:43 PM)
keeping in a notebook but need to review more
Palatine (May 9, 2008 2:21:54 PM)
Why give it up that quicky?
brightstone (May 9, 2008 2:21:58 PM)
I did it for 2 years, all trades
lorshas (May 9, 2008 2:22:13 PM)
i'm green, need happy end to this dark week :)
pev (May 9, 2008 2:22:18 PM)
he's like some teenage girl pal
pev (May 9, 2008 2:22:21 PM)
lol
Palatine (May 9, 2008 2:22:31 PM)
lol
riskymove (May 9, 2008 2:22:39 PM)
lol
lorshas (May 9, 2008 2:22:45 PM)
in fact will stop trading now
lorshas (May 9, 2008 2:22:53 PM)
:)
pev (May 9, 2008 2:23:03 PM)
i'm about to give it up to
brightstone (May 9, 2008 2:23:12 PM)
was able to quantify trades and then systemetize it.
brightstone (May 9, 2008 2:23:25 PM)
Was trading full time then.
riskymove (May 9, 2008 2:23:26 PM)
y lots of defends
riskymove (May 9, 2008 2:23:37 PM)
defense
lorshas (May 9, 2008 2:23:45 PM)
they fading every pop
pev (May 9, 2008 2:23:59 PM)
and every drop :)
lorshas (May 9, 2008 2:24:00 PM)
looks like es serious about taken the low
riskymove (May 9, 2008 2:24:37 PM)
Former Federal Reserve Chairman Alan Greenspan indicates the worst of the credit crisis will pass once investors 'fully' anticipate the likely losses on securities tied to subprime and other mortgages, where defaults have surged - Bloomberg
lorshas (May 9, 2008 2:26:01 PM)
oh man, i cant believe this, i did 117 trade today!
riskymove (May 9, 2008 2:26:09 PM)
oil 125.92
riskymove (May 9, 2008 2:26:16 PM)
jeez that's a lot of trading
abaker (May 9, 2008 2:26:19 PM)
on how many instruments?
lorshas (May 9, 2008 2:26:30 PM)
oil already broke the 126
riskymove (May 9, 2008 2:26:46 PM)
y but it jsut closed
lorshas (May 9, 2008 2:26:53 PM)
i c
riskymove (May 9, 2008 2:27:09 PM)
out +1.5
riskymove (May 9, 2008 2:27:19 PM)
better to have something than nuttin in my book
lorshas (May 9, 2008 2:27:25 PM)
i trade all index futures plus dax , euro stxx , sometimes currencies & oil
abaker (May 9, 2008 2:27:38 PM)
k
lorshas (May 9, 2008 2:27:57 PM)
if u want to make money scalping the es trade the dax
lorshas (May 9, 2008 2:27:58 PM)
:)
lorshas (May 9, 2008 2:28:22 PM)
typical faders index
elovemer (May 9, 2008 2:28:29 PM)
possible IHS 3min chart
Mup (May 9, 2008 2:29:24 PM)
http://www.elitetrader.com/vb/attachment.php?s=&postid=1915703
wiesman02 (May 9, 2008 2:29:32 PM)
good call Elove
Mup (May 9, 2008 2:29:43 PM)
triangle option to drive traders nuts :D
lorshas (May 9, 2008 2:32:20 PM)
freaky market, good that i covered my s :) higher low on ym
pev (May 9, 2008 2:32:33 PM)
should have taken all off myself
pev (May 9, 2008 2:32:43 PM)
this is why I'm a scalper
riskymove (May 9, 2008 2:32:50 PM)
yep big runs are great but fewer of them
Syprik (May 9, 2008 2:34:20 PM)
fwiw, this is one of my chart setups... over the last month this has by far netted me the most amount of long runners. ema ribbons. have some good tricks with it if interested pm me. http://img169.imageshack.us/my.php?image=mcemaribbonlayoutcs7.png
pev (May 9, 2008 2:34:35 PM)
rest out @ 87 +1
lorshas (May 9, 2008 2:34:45 PM)
syprik, i think they use that in forex?
pev (May 9, 2008 2:34:49 PM)
could be a possible short coming
Syprik (May 9, 2008 2:35:13 PM)
it's the hull strategy lorsh. can be used anywhere
Syprik (May 9, 2008 2:35:35 PM)
i use a 30sma for the cross instead of just the 55 ema
Syprik (May 9, 2008 2:35:45 PM)
get earlier signals
Syprik (May 9, 2008 2:36:48 PM)
it's great to take it multiple times early morning in hopes of catching a 1 trend day. once in, keeps you very patient.
lorshas (May 9, 2008 2:38:08 PM)
it looks pretty on the chart but i have unshakable belief that indicators dont work, we dont need them, if u keep watching the charts & understand when other different TF market participant enter u'll do very well.
lorshas (May 9, 2008 2:38:19 PM)
only fib levels
Mup (May 9, 2008 2:38:59 PM)
i'ne a price vol and EW fan :)
riskymove (May 9, 2008 2:39:09 PM)
s again 87.75
lorshas (May 9, 2008 2:39:26 PM)
i'm starting to lose trust on volume, only price left :)
Mup (May 9, 2008 2:39:43 PM)
no indicators on my charts...that not to say they do work, it just i carn't work with them :D
wiesman02 (May 9, 2008 2:39:58 PM)
I trust volume only when we're trending
Mup (May 9, 2008 2:40:01 PM)
*do= don't
Mup (May 9, 2008 2:41:28 PM)
I tend to lean on the bar spread more than just the Vol isolation..
lorshas (May 9, 2008 2:43:01 PM)
i used market profile for more than a year, POC provide good turning level for swing traders, not for heavy day traders
lorshas (May 9, 2008 2:43:34 PM)
not using it anymore though
pev (May 9, 2008 2:44:19 PM)
yes, bar spred is very helpful
lorshas (May 9, 2008 2:45:07 PM)
wish u good luck in trading & happy weekend guys .. cya :)
pev (May 9, 2008 2:45:12 PM)
pure sideways action
pev (May 9, 2008 2:45:17 PM)
cya lorshas
Mup (May 9, 2008 2:46:01 PM)
cya have a good weekend
gorkgonzola (May 9, 2008 2:47:12 PM)
i dunno bout, y'all, but they don't seem to be giving money away today....
pev (May 9, 2008 2:47:17 PM)
l 87.5
riskymove (May 9, 2008 2:50:02 PM)
out +.5
riskymove (May 9, 2008 2:50:10 PM)
big money baby big moeny
elovemer (May 9, 2008 2:51:35 PM)
we could all be out roller skating rather than watching this dry
sportstrader (May 9, 2008 2:51:55 PM)
what a waste exactly
riskymove (May 9, 2008 2:51:59 PM)
y beaut day here was thinking about that
Mup (May 9, 2008 2:52:16 PM)
everyones waiting for that possable sell sett up
riskymove (May 9, 2008 2:52:22 PM)
bet all those guys quitting their job to trade going to love this
pev (May 9, 2008 2:52:29 PM)
:)
sportstrader (May 9, 2008 2:52:32 PM)
ahaaaaa
sportstrader (May 9, 2008 2:52:41 PM)
very exciting
pev (May 9, 2008 2:52:44 PM)
some off 88 +.5
riskymove (May 9, 2008 2:53:34 PM)
still looks like could drop but no committment
Mup (May 9, 2008 2:54:02 PM)
if its a triangle this move up would be the e wave
pev (May 9, 2008 2:54:29 PM)
thinking we could pop to 90
Mup (May 9, 2008 2:55:37 PM)
1389 would be good
gorkgonzola (May 9, 2008 2:55:55 PM)
any movement would be welcome...
Mup (May 9, 2008 2:56:00 PM)
:D
gorkgonzola (May 9, 2008 2:56:00 PM)
thank you
Mup (May 9, 2008 2:59:27 PM)
the other option is this morphs in to a lesser 3rd wave... that would give the higher targets
pev (May 9, 2008 3:03:03 PM)
rest out b/e
Mup (May 9, 2008 3:04:58 PM)
e wave might be done
gorkgonzola (May 9, 2008 3:09:45 PM)
oh
gorkgonzola (May 9, 2008 3:09:46 PM)
my
gorkgonzola (May 9, 2008 3:09:48 PM)
god
gorkgonzola (May 9, 2008 3:09:50 PM)
this
gorkgonzola (May 9, 2008 3:09:51 PM)
is
gorkgonzola (May 9, 2008 3:09:53 PM)
slow
riskymove (May 9, 2008 3:09:56 PM)
lol
riskymove (May 9, 2008 3:10:06 PM)
i thought the room was deak
pev (May 9, 2008 3:10:17 PM)
id deak alrgiht
riskymove (May 9, 2008 3:10:18 PM)
dead - and my data feeds too
pev (May 9, 2008 3:10:31 PM)
I cant even type anymore
wiesman02 (May 9, 2008 3:10:34 PM)
had to smack my computer screen a few times
osorico (May 9, 2008 3:10:35 PM)
slap your monitor!
wiesman02 (May 9, 2008 3:10:43 PM)
lol oso
riskymove (May 9, 2008 3:10:49 PM)
was hoping to make a little more today since going tobe out next three days
osorico (May 9, 2008 3:11:11 PM)
where u off to risky?
elovemer (May 9, 2008 3:11:18 PM)
go long volatility :)
gorkgonzola (May 9, 2008 3:11:20 PM)
sadly the market only gives what it gives :(
riskymove (May 9, 2008 3:11:38 PM)
san fran
osorico (May 9, 2008 3:11:47 PM)
how gay!
riskymove (May 9, 2008 3:11:54 PM)
visit some wineries
riskymove (May 9, 2008 3:11:56 PM)
lol
riskymove (May 9, 2008 3:12:03 PM)
my wife has conference there next week
gorkgonzola (May 9, 2008 3:12:07 PM)
good idea, time for some grateful dead...
riskymove (May 9, 2008 3:12:10 PM)
so we are going to a bit
osorico (May 9, 2008 3:12:13 PM)
fishermans wharf... awesome!!
riskymove (May 9, 2008 3:12:21 PM)
have heard that
osorico (May 9, 2008 3:12:51 PM)
1st time there risky?
riskymove (May 9, 2008 3:13:24 PM)
y
Mup (May 9, 2008 3:13:41 PM)
there we go
gorkgonzola (May 9, 2008 3:13:42 PM)
if you want some really nice views of the bay that aren't too crapped up w/tourists, i'd reccommend the hills above uc berkeley...
riskymove (May 9, 2008 3:14:00 PM)
jeez
Mup (May 9, 2008 3:14:04 PM)
bots
riskymove (May 9, 2008 3:14:11 PM)
wae
riskymove (May 9, 2008 3:14:12 PM)
war
osorico (May 9, 2008 3:15:09 PM)
ohhh! You'll have a good time. it's cool. weather changes frequently throughout the day however.
gorkgonzola (May 9, 2008 3:15:32 PM)
and depending on what part of town yer in...
gorkgonzola (May 9, 2008 3:16:40 PM)
heyyyy alright - thanks mup :D
Syprik (May 9, 2008 3:16:49 PM)
risky, nice little boutique french cafe in napa. not overpriced. it's on the northwestern side of the main square center of town. feeling fancy and want one of the best in world, try The French Laundry in yountville
Mup (May 9, 2008 3:16:57 PM)
MM is the 1390.75
elovemer (May 9, 2008 3:17:13 PM)
y.... and bigger is 95.75
riskymove (May 9, 2008 3:17:22 PM)
s 90.25
pev (May 9, 2008 3:17:42 PM)
I dont want to fade this here
riskymove (May 9, 2008 3:19:20 PM)
out -.25
Mup (May 9, 2008 3:19:26 PM)
nope looks like 3rd wave of c
riskymove (May 9, 2008 3:20:01 PM)
looks like a program on a slow day
sportstrader (May 9, 2008 3:20:50 PM)
they could not make nw low today globex low 81.75 so we go up
Mup (May 9, 2008 3:21:06 PM)
1393.75
Mup (May 9, 2008 3:21:20 PM)
is the alt measured move
pev (May 9, 2008 3:21:22 PM)
s 91.5
riskymove (May 9, 2008 3:21:31 PM)
probably some shorts covering before weekend
Syprik (May 9, 2008 3:21:57 PM)
still L
pev (May 9, 2008 3:22:10 PM)
from where syp?
Syprik (May 9, 2008 3:22:22 PM)
89
sportstrader (May 9, 2008 3:23:17 PM)
if we make new high theyll run em 93.50
riskymove (May 9, 2008 3:23:43 PM)
s 92.25
pev (May 9, 2008 3:23:43 PM)
93.25 is the high :)
sportstrader (May 9, 2008 3:23:58 PM)
right new hig would be 93.50 :)
pev (May 9, 2008 3:24:09 PM)
ic
Syprik (May 9, 2008 3:24:34 PM)
out +3
pev (May 9, 2008 3:24:46 PM)
vn
Syprik (May 9, 2008 3:24:50 PM)
tx
riskymove (May 9, 2008 3:24:53 PM)
vn
riskymove (May 9, 2008 3:24:59 PM)
freaking awesome this afternoon
pev (May 9, 2008 3:25:11 PM)
I should have held my l 87.5, but ran out of P
gorkgonzola (May 9, 2008 3:25:40 PM)
popopop
wiesman02 (May 9, 2008 3:26:02 PM)
strawberry or orange
gorkgonzola (May 9, 2008 3:26:45 PM)
i prefer whole milk profit pops myself...
Syprik (May 9, 2008 3:27:06 PM)
still didn't get a sell the L either but it's after 330 and wack stuff tends to happen on a fri at this time
riskymove (May 9, 2008 3:27:18 PM)
like this pop?
pev (May 9, 2008 3:27:22 PM)
:0
Syprik (May 9, 2008 3:27:23 PM)
nm, just got it
Syprik (May 9, 2008 3:27:47 PM)
yep risky
riskymove (May 9, 2008 3:28:54 PM)
tried b 90.75 no fill
Syprik (May 9, 2008 3:30:57 PM)
i'm done. have a good wkd all.
pev (May 9, 2008 3:31:12 PM)
cya syp
Mup (May 9, 2008 3:31:18 PM)
have a good one syp
wiesman02 (May 9, 2008 3:34:05 PM)
same here guys, i'm out
wiesman02 (May 9, 2008 3:34:09 PM)
not about to gamble on these moves
abaker (May 9, 2008 3:34:34 PM)
cya
elovemer (May 9, 2008 3:35:24 PM)
i'd like to sell higher but no juice left it seems like
sportstrader (May 9, 2008 3:35:29 PM)
going to 98
sportstrader (May 9, 2008 3:35:57 PM)
if we get 93.50
riskymove (May 9, 2008 3:36:43 PM)
out +1.5
pev (May 9, 2008 3:36:53 PM)
out 90.5 +1
pev (May 9, 2008 3:36:58 PM)
shite
riskymove (May 9, 2008 3:37:02 PM)
fuckj
pev (May 9, 2008 3:37:25 PM)
yep, it was short covering
elovemer (May 9, 2008 3:37:30 PM)
double top
riskymove (May 9, 2008 3:37:40 PM)
s 89 see it it craters
pev (May 9, 2008 3:37:42 PM)
this is the real deal here
Mup (May 9, 2008 3:37:45 PM)
new lows
Mup (May 9, 2008 3:37:50 PM)
off the 88.6
elovemer (May 9, 2008 3:37:57 PM)
nice job whoever took the double top
pev (May 9, 2008 3:38:04 PM)
I shoudl have added
gorkgonzola (May 9, 2008 3:38:12 PM)
i took it but bailed early
riskymove (May 9, 2008 3:38:20 PM)
it was holding up well though pev
Mup (May 9, 2008 3:38:51 PM)
they marked it up for retail to close out
riskymove (May 9, 2008 3:39:10 PM)
maybe
riskymove (May 9, 2008 3:39:15 PM)
plausible
Mup (May 9, 2008 3:39:39 PM)
due to the margin rules at some brokers
riskymove (May 9, 2008 3:39:48 PM)
right
elovemer (May 9, 2008 3:39:54 PM)
next friday ... roller skating for me :)
Mup (May 9, 2008 3:40:08 PM)
they go to the overnigh rate 15min before cash close
riskymove (May 9, 2008 3:40:18 PM)
unless you were covering at 92 what do you do now?
Mup (May 9, 2008 3:40:37 PM)
stay short
riskymove (May 9, 2008 3:40:39 PM)
i think some do
riskymove (May 9, 2008 3:40:51 PM)
i was being rhetorical
Mup (May 9, 2008 3:40:57 PM)
:D
riskymove (May 9, 2008 3:41:04 PM)
:p
Lucrum (May 9, 2008 3:41:46 PM)
vol expaning on this sell off but not unusual for this time of day
Mup (May 9, 2008 3:42:05 PM)
http://www.elitetrader.com/vb/attachment.php?s=&postid=1915608
Mup (May 9, 2008 3:42:12 PM)
that was the ideal world chart
Mup (May 9, 2008 3:42:19 PM)
but the 88.6 will do
riskymove (May 9, 2008 3:42:27 PM)
esignal really fucking up for me
riskymove (May 9, 2008 3:42:37 PM)
maybe my network connection though
wareco (May 9, 2008 3:42:40 PM)
how's that?
riskymove (May 9, 2008 3:42:52 PM)
its locking up
riskymove (May 9, 2008 3:42:58 PM)
but ib and transact are fine
wareco (May 9, 2008 3:42:58 PM)
not me
riskymove (May 9, 2008 3:44:16 PM)
back to the zonehere
Mup (May 9, 2008 3:45:52 PM)
hopfully once the cash is closed they can gunn the low of t day stops
riskymove (May 9, 2008 3:47:19 PM)
out 1 +1.25
pev (May 9, 2008 3:47:25 PM)
good1
riskymove (May 9, 2008 3:48:01 PM)
ty
riskymove (May 9, 2008 3:48:16 PM)
holding one in other account in case sells off
Mup (May 9, 2008 3:49:03 PM)
usally happens once 4pm passes if they want the stops
pev (May 9, 2008 3:49:05 PM)
bounced off TL
pev (May 9, 2008 3:50:34 PM)
cya all next week
Mup (May 9, 2008 3:50:40 PM)
cya pev
riskymove (May 9, 2008 3:50:42 PM)
cya pev
abaker (May 9, 2008 3:50:44 PM)
cya
riskymove (May 9, 2008 3:51:34 PM)
im out too good day surprisingly given the lack of movement
riskymove (May 9, 2008 3:51:44 PM)
cya next thursday
Mup (May 9, 2008 3:51:51 PM)
cya risky
Lucrum (May 9, 2008 3:52:03 PM)
cya guys
lidonald (May 9, 2008 11:38:29 PM)
yo
switze22 (May 9, 2008 11:38:30 PM)
sup ho
lidonald (May 9, 2008 11:38:33 PM)
dude
lidonald (May 9, 2008 11:38:38 PM)
you palyed tennis
switze22 (May 9, 2008 11:38:48 PM)
sure did
lidonald (May 9, 2008 11:38:50 PM)
in high school
switze22 (May 9, 2008 11:38:51 PM)
all 4 years of highschool and pretty much my whole life
lidonald (May 9, 2008 11:38:56 PM)
man
lidonald (May 9, 2008 11:39:02 PM)
its funny that id trash you
switze22 (May 9, 2008 11:39:07 PM)
HA
lidonald (May 9, 2008 11:39:10 PM)
and im not that good
switze22 (May 9, 2008 11:39:10 PM)
u would cry
lidonald (May 9, 2008 11:39:14 PM)
ask pilz
switze22 (May 9, 2008 11:39:18 PM)
what number did u play
lidonald (May 9, 2008 11:39:26 PM)
jv
switze22 (May 9, 2008 11:39:31 PM)
cute
switze22 (May 9, 2008 11:39:33 PM)
id smoke u
lidonald (May 9, 2008 11:39:54 PM)
whad u play
switze22 (May 9, 2008 11:39:58 PM)
i can hit spin that when it hit ur side u would reach for it but it would bounce 5 feet to the right and ud have 0 chance
switze22 (May 9, 2008 11:40:04 PM)
4th doubles only
switze22 (May 9, 2008 11:40:07 PM)
but on Varsity
switze22 (May 9, 2008 11:40:11 PM)
i love doubles
lidonald (May 9, 2008 11:40:18 PM)
oh im si k at dubs
lidonald (May 9, 2008 11:40:23 PM)
i won states
lidonald (May 9, 2008 11:40:30 PM)
jk
poppinpilz (May 9, 2008 11:40:37 PM)
what up bitches
switze22 (May 9, 2008 11:40:37 PM)
ha
switze22 (May 9, 2008 11:40:41 PM)
sup ho
lidonald (May 9, 2008 11:40:45 PM)
but seriously
poppinpilz (May 9, 2008 11:40:46 PM)
loser
poppinpilz (May 9, 2008 11:40:57 PM)
whats don saying
lidonald (May 9, 2008 11:41:01 PM)
pilz tell switz
lidonald (May 9, 2008 11:41:05 PM)
id trash his shit
poppinpilz (May 9, 2008 11:41:05 PM)
what
switze22 (May 9, 2008 11:41:07 PM)
alright lets just all take a minute and think about how good i am at trading
lidonald (May 9, 2008 11:41:12 PM)
haha
switze22 (May 9, 2008 11:41:15 PM)
ok minutes over
poppinpilz (May 9, 2008 11:41:17 PM)
haha what a joke
lidonald (May 9, 2008 11:41:24 PM)
dude
poppinpilz (May 9, 2008 11:41:26 PM)
ive made u money all of last week
poppinpilz (May 9, 2008 11:41:31 PM)
haha just AA
lidonald (May 9, 2008 11:41:34 PM)
i got some sick wall mart call options
switze22 (May 9, 2008 11:41:35 PM)
yeah man that was good
switze22 (May 9, 2008 11:41:39 PM)
o yeah?
switze22 (May 9, 2008 11:41:39 PM)
why
poppinpilz (May 9, 2008 11:41:46 PM)
UPS looks good beside fedex
switze22 (May 9, 2008 11:41:53 PM)
it already went down on Fedex tho
lidonald (May 9, 2008 11:42:05 PM)
basically there gonna beat earnings
switze22 (May 9, 2008 11:42:05 PM)
and i really like the A/D increasing with the ranging stock
poppinpilz (May 9, 2008 11:42:10 PM)
u hear about the stimulus checks and how walmart is cashing them for free
switze22 (May 9, 2008 11:42:12 PM)
DON NO Earnings are bad
switze22 (May 9, 2008 11:42:15 PM)
yeah
poppinpilz (May 9, 2008 11:42:21 PM)
and sears is doubling the checks in a giftcard
switze22 (May 9, 2008 11:42:28 PM)
o nice Sears
switze22 (May 9, 2008 11:42:40 PM)
ill fuckin do that at Sears then sell it on ebay
poppinpilz (May 9, 2008 11:42:48 PM)
yea u would like my AccumDistr line
poppinpilz (May 9, 2008 11:43:01 PM)
good thinking, but u didnt get that check
lidonald (May 9, 2008 11:43:05 PM)
switzer
lidonald (May 9, 2008 11:43:08 PM)
what are you up
switze22 (May 9, 2008 11:43:20 PM)
25% in 2 weeks
switze22 (May 9, 2008 11:43:25 PM)
well almost
poppinpilz (May 9, 2008 11:43:26 PM)
nizzie
switze22 (May 9, 2008 11:43:27 PM)
as of yesterday
lidonald (May 9, 2008 11:43:41 PM)
up 25 percent from 10 k or what
switze22 (May 9, 2008 11:43:43 PM)
hows ur U of M kid doin
switze22 (May 9, 2008 11:43:46 PM)
3500 to 4500
poppinpilz (May 9, 2008 11:43:48 PM)
how much money u putting in each option
switze22 (May 9, 2008 11:43:59 PM)
i started at about 150 each, now i do like 1000
switze22 (May 9, 2008 11:44:02 PM)
if i really like it
poppinpilz (May 9, 2008 11:44:07 PM)
woah
switze22 (May 9, 2008 11:44:09 PM)
cause i only stay in for like 10-20% moves
switze22 (May 9, 2008 11:44:10 PM)
yeah
poppinpilz (May 9, 2008 11:44:14 PM)
i was thinkin that
switze22 (May 9, 2008 11:44:17 PM)
i ain't skerred
poppinpilz (May 9, 2008 11:44:30 PM)
u see my slogan for my blog
switze22 (May 9, 2008 11:44:38 PM)
fuck NVDA i sold today at up .1%, and it go tot like 5% up
switze22 (May 9, 2008 11:44:42 PM)
almost jumped out my window
poppinpilz (May 9, 2008 11:44:45 PM)
shortterm risky trading and longterm serious investments
switze22 (May 9, 2008 11:44:45 PM)
yeah haah
switze22 (May 9, 2008 11:44:58 PM)
i like it
lidonald (May 9, 2008 11:44:59 PM)
u see my blog
lidonald (May 9, 2008 11:45:02 PM)
haha
poppinpilz (May 9, 2008 11:45:04 PM)
hahah
switze22 (May 9, 2008 11:45:04 PM)
if urs is his
poppinpilz (May 9, 2008 11:45:08 PM)
its not
poppinpilz (May 9, 2008 11:45:15 PM)
its almost as good HAHA
lidonald (May 9, 2008 11:45:20 PM)
i made mine like 3 days ago
lidonald (May 9, 2008 11:45:26 PM)
i already got google adsense
switze22 (May 9, 2008 11:45:28 PM)
ooo is Don's like "Make money following Tim Sykes and worshipping him as a God"
poppinpilz (May 9, 2008 11:45:31 PM)
yea don like made me make one
poppinpilz (May 9, 2008 11:45:39 PM)
basically
switze22 (May 9, 2008 11:45:45 PM)
i figured
switze22 (May 9, 2008 11:45:58 PM)
so UPS is basically the best play i have seen since i started using TA
switze22 (May 9, 2008 11:46:09 PM)
it has alot of potential
poppinpilz (May 9, 2008 11:46:12 PM)
viabletrading.blogspot.com
poppinpilz (May 9, 2008 11:46:24 PM)
yea but the fedex is fucking everything
switze22 (May 9, 2008 11:46:50 PM)
whoops
switze22 (May 9, 2008 11:46:52 PM)
ok im back
lidonald (May 9, 2008 11:47:02 PM)
k
poppinpilz (May 9, 2008 11:47:03 PM)
fedex is fucking everything
poppinpilz (May 9, 2008 11:47:19 PM)
the best TA is getting fucked by Fedec
lidonald (May 9, 2008 11:47:27 PM)
i got call option on GU
switze22 (May 9, 2008 11:47:29 PM)
yeah but fuck FEDEX
lidonald (May 9, 2008 11:47:32 PM)
17.50
switze22 (May 9, 2008 11:47:35 PM)
hey u guys can short without Margin?
poppinpilz (May 9, 2008 11:47:38 PM)
yea but theyll fuck up UPS
lidonald (May 9, 2008 11:47:42 PM)
its at like 13 dollars right now
poppinpilz (May 9, 2008 11:47:47 PM)
no
poppinpilz (May 9, 2008 11:47:59 PM)
we have margin
switze22 (May 9, 2008 11:48:00 PM)
then why did Don try and short?
lidonald (May 9, 2008 11:48:02 PM)
zecco sux ass for shorting btw
switze22 (May 9, 2008 11:48:02 PM)
WHAT
switze22 (May 9, 2008 11:48:05 PM)
u assholes
poppinpilz (May 9, 2008 11:48:06 PM)
zecco basically gives it away
switze22 (May 9, 2008 11:48:12 PM)
Too sum it all up, basically screen for stocks where the 50 day moving average is above the 200 day and where volume is increasing over the past 2 weeks. Then find stocks that are bouncing off their 50 day moving averages. Note: This strategy implemented for options is short term.
lidonald (May 9, 2008 11:48:25 PM)
haha
poppinpilz (May 9, 2008 11:48:26 PM)
yea that cant be all he does
switze22 (May 9, 2008 11:48:27 PM)
thats good. but if u want shorter term do MA15 crosses MA50
switze22 (May 9, 2008 11:48:30 PM)
instead of 50 and 200
lidonald (May 9, 2008 11:48:43 PM)
thats def not all he does
switze22 (May 9, 2008 11:48:45 PM)
and through some MACD in there
poppinpilz (May 9, 2008 11:48:47 PM)
pre tax audited
lidonald (May 9, 2008 11:48:54 PM)
what ev
lidonald (May 9, 2008 11:49:03 PM)
no noes gonna go to my blog
switze22 (May 9, 2008 11:49:03 PM)
is NAUFUL ur friend
lidonald (May 9, 2008 11:49:11 PM)
its for me to keep track of my shit
poppinpilz (May 9, 2008 11:49:12 PM)
the u of m kid
switze22 (May 9, 2008 11:49:18 PM)
im gunna go to ur blog every day
lidonald (May 9, 2008 11:49:21 PM)
haha
poppinpilz (May 9, 2008 11:49:22 PM)
no one is gonna go to mine but us 3
switze22 (May 9, 2008 11:49:25 PM)
and comment horrible, unforgivable things
lidonald (May 9, 2008 11:49:30 PM)
haha
lidonald (May 9, 2008 11:49:32 PM)
hey
switze22 (May 9, 2008 11:49:34 PM)
lets make all the PMO kids go and comment or they're gone
lidonald (May 9, 2008 11:49:43 PM)
after we make like 10 k over this summer
poppinpilz (May 9, 2008 11:49:43 PM)
well yea
lidonald (May 9, 2008 11:49:55 PM)
ill paly you in a match
poppinpilz (May 9, 2008 11:49:57 PM)
we gotta come back next year and say how sweet we did
lidonald (May 9, 2008 11:49:59 PM)
for 1000
poppinpilz (May 9, 2008 11:50:06 PM)
and be like " remember that UPS call, that was sick"
switze22 (May 9, 2008 11:50:12 PM)
yeah for sure
lidonald (May 9, 2008 11:50:23 PM)
heads up though
poppinpilz (May 9, 2008 11:50:25 PM)
but we will be rolling deep
switze22 (May 9, 2008 11:50:26 PM)
yeah ill be like i was poor, then got into UPS and after 2 weeks bought a sailboat
lidonald (May 9, 2008 11:50:30 PM)
i won states like twice
lidonald (May 9, 2008 11:50:32 PM)
or some shit
poppinpilz (May 9, 2008 11:50:41 PM)
haha some shit like that
switze22 (May 9, 2008 11:50:43 PM)
Don i will destory you
poppinpilz (May 9, 2008 11:50:47 PM)
and yes to the sail boat
poppinpilz (May 9, 2008 11:50:53 PM)
ill put an option in this
poppinpilz (May 9, 2008 11:51:06 PM)
u guys both play tennis
switze22 (May 9, 2008 11:51:09 PM)
HA
switze22 (May 9, 2008 11:51:16 PM)
getting into E-trade because they have good commercials
switze22 (May 9, 2008 11:51:17 PM)
cute
switze22 (May 9, 2008 11:51:25 PM)
yeah man buy a put on Don
poppinpilz (May 9, 2008 11:51:25 PM)
hahaha i liked that too
poppinpilz (May 9, 2008 11:51:36 PM)
wait u both play tennis
switze22 (May 9, 2008 11:51:43 PM)
so do u guys wake up at 9:30 in the mronign every day too
switze22 (May 9, 2008 11:51:46 PM)
yeah we do
lidonald (May 9, 2008 11:51:52 PM)
i do
poppinpilz (May 9, 2008 11:51:53 PM)
u guys playing
switze22 (May 9, 2008 11:51:56 PM)
oh yeah
poppinpilz (May 9, 2008 11:51:56 PM)
yea i do
poppinpilz (May 9, 2008 11:52:01 PM)
700
switze22 (May 9, 2008 11:52:11 PM)
I never wake up for anything, and now i get up at 9:20 for fun
lidonald (May 9, 2008 11:52:15 PM)
i tried reserving shares
lidonald (May 9, 2008 11:52:20 PM)
with zecco this morning
switze22 (May 9, 2008 11:52:24 PM)
why dont u just get a put?
lidonald (May 9, 2008 11:52:28 PM)
they dont alloe you too
poppinpilz (May 9, 2008 11:52:28 PM)
i short crox every morning at 930
switze22 (May 9, 2008 11:52:31 PM)
i this Zecco?
switze22 (May 9, 2008 11:52:34 PM)
haha for real?
poppinpilz (May 9, 2008 11:52:38 PM)
haha
lidonald (May 9, 2008 11:52:48 PM)
yea
poppinpilz (May 9, 2008 11:52:54 PM)
those small caps have no liquid options
switze22 (May 9, 2008 11:53:00 PM)
small caps blow
poppinpilz (May 9, 2008 11:53:09 PM)
tell sykes that when he comes
switze22 (May 9, 2008 11:53:12 PM)
i will
switze22 (May 9, 2008 11:53:15 PM)
then i'll cut him
poppinpilz (May 9, 2008 11:53:22 PM)
tell him to bring penny stalking when he comes
switze22 (May 9, 2008 11:53:27 PM)
o yeah
lidonald (May 9, 2008 11:53:28 PM)
haha
switze22 (May 9, 2008 11:53:34 PM)
im gunna ask if we can pay in sushi
poppinpilz (May 9, 2008 11:53:39 PM)
tell hom to come for free
poppinpilz (May 9, 2008 11:53:43 PM)
hahaha
switze22 (May 9, 2008 11:53:44 PM)
for real tho we need to pick a day for him to come
lidonald (May 9, 2008 11:53:53 PM)
dude
poppinpilz (May 9, 2008 11:53:54 PM)
what about cramer
lidonald (May 9, 2008 11:53:56 PM)
fuck sykes
lidonald (May 9, 2008 11:54:03 PM)
we honestly dont need him
switze22 (May 9, 2008 11:54:03 PM)
Don please u love him
poppinpilz (May 9, 2008 11:54:03 PM)
or fast money
poppinpilz (May 9, 2008 11:54:07 PM)
yea don
switze22 (May 9, 2008 11:54:15 PM)
ur the one who loves him the most
switze22 (May 9, 2008 11:54:21 PM)
i tried Cramer not easy
switze22 (May 9, 2008 11:54:25 PM)
i would love Fast Money
poppinpilz (May 9, 2008 11:54:27 PM)
yea
poppinpilz (May 9, 2008 11:54:31 PM)
i like them alot
poppinpilz (May 9, 2008 11:54:45 PM)
u see the june options
switze22 (May 9, 2008 11:54:50 PM)
for what
poppinpilz (May 9, 2008 11:54:52 PM)
5000 calls and 2000 puts
poppinpilz (May 9, 2008 11:54:54 PM)
ups
switze22 (May 9, 2008 11:54:57 PM)
oo nice
poppinpilz (May 9, 2008 11:54:59 PM)
volume
poppinpilz (May 9, 2008 11:55:04 PM)
its in my blog....
poppinpilz (May 9, 2008 11:55:05 PM)
hahah
switze22 (May 9, 2008 11:55:10 PM)
yeah my TIE play is about 3500 calls and 400 puts
switze22 (May 9, 2008 11:55:13 PM)
haha o i missed it
switze22 (May 9, 2008 11:55:23 PM)
is that a good sign tho? i think i read usually u should play the side with way less
poppinpilz (May 9, 2008 11:55:42 PM)
i thought u want more calls/puts
switze22 (May 9, 2008 11:55:46 PM)
u would think so
switze22 (May 9, 2008 11:56:00 PM)
u would also think NVDA wouldnt announce .30 earnigns when analsyts thought it would be .38
switze22 (May 9, 2008 11:56:02 PM)
but it happens
switze22 (May 9, 2008 11:56:12 PM)
so what r u doing for Merril Lynch?
poppinpilz (May 9, 2008 11:56:14 PM)
well shit does happen
switze22 (May 9, 2008 11:56:17 PM)
coffee?
poppinpilz (May 9, 2008 11:56:17 PM)
oh yea
poppinpilz (May 9, 2008 11:56:22 PM)
yes basically
lidonald (May 9, 2008 11:56:23 PM)
k
poppinpilz (May 9, 2008 11:56:33 PM)
office type stuff
switze22 (May 9, 2008 11:56:35 PM)
donald r u drunk? k what?
switze22 (May 9, 2008 11:56:39 PM)
nice
poppinpilz (May 9, 2008 11:56:41 PM)
but ill have all there comp info i believe
switze22 (May 9, 2008 11:56:42 PM)
paid?
poppinpilz (May 9, 2008 11:56:48 PM)
yes
switze22 (May 9, 2008 11:56:51 PM)
yeah man get some insider info
poppinpilz (May 9, 2008 11:56:55 PM)
ill try
lidonald (May 9, 2008 11:56:58 PM)
haha
poppinpilz (May 9, 2008 11:57:04 PM)
ill tell u monday everyone is shorting UPS
poppinpilz (May 9, 2008 11:57:05 PM)
haha
lidonald (May 9, 2008 11:57:08 PM)
i saw wall street yesterday
switze22 (May 9, 2008 11:57:08 PM)
lol
lidonald (May 9, 2008 11:57:11 PM)
the movie
poppinpilz (May 9, 2008 11:57:13 PM)
good movie
switze22 (May 9, 2008 11:57:24 PM)
In recent news, UPS goes down 80% and declares bankruptcy monday
poppinpilz (May 9, 2008 11:57:26 PM)
u see the shirt
switze22 (May 9, 2008 11:57:27 PM)
dude i love that movie
poppinpilz (May 9, 2008 11:57:36 PM)
the gekko
lidonald (May 9, 2008 11:57:41 PM)
yeap
poppinpilz (May 9, 2008 11:57:45 PM)
gordan gekko
switze22 (May 9, 2008 11:57:49 PM)
lol yeah
lidonald (May 9, 2008 11:57:51 PM)
talk at ya
switze22 (May 9, 2008 11:57:56 PM)
u guys need to see the movie bout Nick Leeson
poppinpilz (May 9, 2008 11:57:57 PM)
i gotta get that shirt and wear it for sparticipation
poppinpilz (May 9, 2008 11:58:03 PM)
whos that
switze22 (May 9, 2008 11:58:08 PM)
we'd get like 10,000 new members if u did
switze22 (May 9, 2008 11:58:17 PM)
the guy who lost liek 7 billion$ and bankrupted Barings Bank
poppinpilz (May 9, 2008 11:58:19 PM)
i know that
switze22 (May 9, 2008 11:58:23 PM)
severla years vback
lidonald (May 9, 2008 11:58:23 PM)
ive been reading reminiscenses of a stock operator
poppinpilz (May 9, 2008 11:58:25 PM)
haha
poppinpilz (May 9, 2008 11:58:32 PM)
is it any good
switze22 (May 9, 2008 11:58:33 PM)
HA because Sykes told u too?
lidonald (May 9, 2008 11:58:34 PM)
yea
poppinpilz (May 9, 2008 11:58:39 PM)
haha
switze22 (May 9, 2008 11:58:44 PM)
I might strike you Don
lidonald (May 9, 2008 11:58:49 PM)
i bout all of skes favortie books
switze22 (May 9, 2008 11:58:55 PM)
i actually hate you
poppinpilz (May 9, 2008 11:59:00 PM)
well the one i told u about
switze22 (May 9, 2008 11:59:10 PM)
dude we need the sickest Sparticipation booth ever
lidonald (May 9, 2008 11:59:22 PM)
no we just need to make money
poppinpilz (May 9, 2008 11:59:25 PM)
we should give ppl money
switze22 (May 9, 2008 11:59:26 PM)
be like yeah i turned 4k into 16k in one week
lidonald (May 9, 2008 11:59:32 PM)
and have a char on our gains
lidonald (May 9, 2008 11:59:36 PM)
cahrt
lidonald (May 9, 2008 11:59:39 PM)
chart
poppinpilz (May 9, 2008 11:59:40 PM)
pre tax audited of course
switze22 (May 9, 2008 11:59:41 PM)
yeah, compared to SIA gains
switze22 (May 9, 2008 11:59:44 PM)
well of cours
poppinpilz (May 9, 2008 11:59:52 PM)
against the s&p