Log 5/29/2009

(8:15 AM) Alert:

This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.

(8:15 AM) Alert:

Hi , Welcome to TTT

 

(8:18 AM) hibuck2:

QCOM upgrader by Roth Capitol ,funny I noticed last night there was someone trying to buy above the money its allways who u know!!

(8:19 AM) Alert:

Hi , Welcome to TTT

 

redliontrader:

gm

(8:29 AM) Alert: LIVE coverage of the docking of the Russian Soyuz spacecraft with the International Space Station NOW in News Talk Online in the Radio/TV Section [Free Video]

(8:30 AM) tomthetrader:

GM

(8:57 AM) tomthetrader:

888 894 900 902 904 910 914 925 944 SPX support resistance

redliontrader:

20% long main, 10% long IRA, 100% cash traders

redliontrader:

1% trailing stops on all postions (except TLT)

redliontrader:

Stop values ZF=2.82, VZ=29.17, SMH = 20.87

(9:00 AM) tomthetrader:

Thank you

(9:01 AM) tomthetrader:

How many people thought that the GOV"T would upgrade GDP ?

(9:18 AM) energy2x:

y

(9:18 AM) Bert_TTT:

GM Tom

(9:18 AM) hibuck2:

GM

(9:18 AM) JR Roden:

gm

(9:18 AM) bloomert:

gm

(9:18 AM) aszager:

gm

(9:27 AM) ajayvee:

do you still have your GSRI side bet?

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(9:28 AM) tomthetrader:

gsri

(9:31 AM) tomthetrader:

Thank you ..any questions ?

(9:32 AM) tomthetrader:

888 -925 range is compressing daily to 910-914

(9:32 AM) desertone:

GM everyone !

(9:32 AM) tomthetrader:

Hi D1

(9:32 AM) tomthetrader:

910-914 range today into the coiled spring June ?

(9:35 AM) desertone:

GS working nicely Tom

(9:35 AM) tomthetrader:

Thanks

(9:35 AM) JR Roden:

Did you see the GS dive

(9:36 AM) desertone:

Yeeehaaaaaa

(9:36 AM) tomthetrader:

yes ,, we spoke about it yesterdayand last night

(9:36 AM) tomthetrader:

remember we have a purchaser mgr report so volatile here

(9:36 AM) tomthetrader:

again raise your stops

(9:36 AM) tomthetrader:

don't give them a penny

(9:37 AM) thomas_Poland:

I think first news will be worse than expected

(9:38 AM) tomthetrader:

I am afraid we rally hard today and tomorrow Monday I mean

(9:38 AM) hibuck2:

NYSE a/D +1194

(9:38 AM) thomas_Poland:

yes I am also bullish for today

(9:38 AM) thomas_Poland:

good to agree

(9:38 AM) hibuck2:

$PCRCO .68

(9:38 AM) hibuck2:

$TNX 36.05

(9:38 AM) thomas_Poland:

too soon to read P/c ratio IMO

(9:39 AM) tomthetrader:

Still like to see it 24/7 !

(9:39 AM) tomthetrader:

we will buy 5000 URE here for a day trade with a .05 stop

(9:40 AM) tomthetrader:

URE 5000 .05 stop

(9:40 AM) frankie_01:

3.61

(9:41 AM) energy2x:

3.63

redliontrader:

I am watching NDX today that 1427/1428 level for a new high.. so the green line on the A/D race is a tell

(9:43 AM) steve_45_4:

what is officcial price. just bt here a t.61

(9:45 AM) thomas_Poland:

first resistance area for today is between 912.75 to 915.75 in ES

(9:45 AM) thomas_Poland:

second one 920.00 to 922.50

redliontrader:

NDX failed first attempt at 1428..

(9:46 AM) thomas_Poland:

as expected on the open chicago PMI worse

redliontrader:

steve I am putting 3.61 as official for URE.. set .05 stops

(9:46 AM) thomas_Poland:

first support 900.00

(9:46 AM) thomas_Poland:

whch is also Pivot Point

redliontrader:

VZ stopped out at 29.17 in main

(9:47 AM) hibuck2:

NYSE A/D +919

redliontrader:

SMH stopped out at 20.92 in main - Main now 100% cash

(9:47 AM) hibuck2:

$PCRCO .69

(9:47 AM) thomas_Poland:

I will look to go long on 10:10-10:25 TIME

(9:48 AM) hibuck2:

$TNX 35.87

(9:48 AM) hibuck2:

$TRIN 1.41 $TRIQE .57

(9:49 AM) JR Roden:

GS with a sell signal on the 5 min chart. Down to 142.6

(9:50 AM) steve_45_4:

out at 3.55 on URE

(9:55 AM) ajayvee:

out GSRI for 1.25, take it when I can

redliontrader:

Aj.. great job.. Steve.. yes stopped out at 3.55 on URE

(10:00 AM) JR Roden:

Out of GSRI for .60 profit. Every little bit helps

(10:00 AM) ajayvee:

you bet JR !

(10:01 AM) hibuck2:

NYSE A/D +928

(10:01 AM) hibuck2:

$PCRCO .69

(10:14 AM) hibuck2:

NYSE A/D 1113

(10:14 AM) hibuck2:

$PCRCO .73

redliontrader:

NYSE back to +2:1 that N100 still lagging

(10:18 AM) dhmohan1963:

tom what is status on DUG are we out or still in the trade

redliontrader:

Dh - dug closed out y'day @ 18.28

redliontrader:

http://pv.ttthedge.com/2009/05/closed-trades.html

(10:21 AM) hibuck2:

$COMS high of the month 1773.13

(10:22 AM) hibuck2:

NQM9 high of the month is 1437.75

(10:23 AM) hibuck2:

NYSE a/D +1388

(10:25 AM) JR Roden:

GS still not joining the party today.

(10:33 AM) JR Roden:

URE trying to break out at 3.71

(10:40 AM) eman11:

Test can anybody see this?

(10:41 AM) ajayvee:

yes eman

redliontrader:

y

(10:41 AM) eman11:

Thanks

redliontrader:

A/D lines setup similar to May 6th..

redliontrader:

Long qld 35.52

(10:43 AM) eman11:

Tom are you here? I just send an IM and said you were offline?

redliontrader:

Tom out this am

(10:45 AM) eman11:

Oh - Thanks

redliontrader:

stopped qld -.10

(10:48 AM) ajayvee:

red, wasnt May 6 a early top and down the rest of the day?

(10:48 AM) berniectx:

anyone looking at GM...Goverment Motors starting soon

(10:49 AM) hibuck2:

NYSE A/D +1285

(10:50 AM) hibuck2:

$PCRCO .75

redliontrader:

aj.. yes, but up off the early bottom

(10:50 AM) hibuck2:

$TRIN 1.63 $TRIQE .76

(10:50 AM) hibuck2:

$TNX 35.63

redliontrader:

we hit low tick of the day..

(10:54 AM) bgbull:

what is the low tick?

redliontrader:

-690

redliontrader:

or do you want to now what the means?

(10:56 AM) bgbull:

oh, $TICK

redliontrader:

y

redliontrader:

not very low for lod

(10:56 AM) bgbull:

thx

(10:59 AM) ajayvee:

TP, did you go long in your time window?

(10:59 AM) thomas_Poland:

yes

(10:59 AM) thomas_Poland:

but already stopped

(11:00 AM) thomas_Poland:

I will buy it back

(11:00 AM) thomas_Poland:

11:15 maybe

(11:03 AM) bgbull:

i am in SDS

(11:04 AM) bgbull:

CF short

(11:11 AM) bgbull:

YMM at support

redliontrader:

thank bg.. i picked up some qld @ 35.15

redliontrader:

stopped b/e

(11:19 AM) nimesh_:

nq weakest today

(11:19 AM) thomas_Poland:

NQ TF and YM on 200 sma support now

(11:19 AM) thomas_Poland:

all three

(11:20 AM) thomas_Poland:

TF is breaking down

(11:21 AM) thomas_Poland:

the last chance to go long for me today is 12:05 time

redliontrader:

i went at 11:15.. you said that was a good time

redliontrader:

(11:21 AM) thomas_Poland:

yes

(11:22 AM) thomas_Poland:

but I never take position only becasue there is time

(11:22 AM) thomas_Poland:

I need confirmation

(11:22 AM) thomas_Poland:

and yo ustill can make money

redliontrader:

Y I was up $100, should have taken it..

(11:23 AM) nimesh_:

should be in the money now

(11:24 AM) eman11:

I am waiting for 913 on ES to short. I shorted at 913 around 7:30 and just covered at 907. I think we might bounce here.

(11:24 AM) thomas_Poland:

yes 912-916 is strong resistance

(11:25 AM) thomas_Poland:

I was long at 10:15 and when we hit it I just put my stop at brekeven

redliontrader:

we just exploded off that 906 area... high $tick of the day

(11:27 AM) desertone:

For those of us who do not trade Futures pls give the equivalent tgts TIA

redliontrader:

tia = thanks in advance -- lol.. i looked it up to see what it was

redliontrader:

not a valid symbol

(11:28 AM) desertone:

redliontrader:

I am trading QLD right now D1.. I have resistance at 35.30 that needs to break to go higher

redliontrader:

and 35.05 which looks like it is going to fall here

(11:29 AM) desertone:

Yes ty I saw that! Watching just.

redliontrader:

35.75 is the top .. holding above that and whoosh

(11:31 AM) desertone:

As usually out of GSRI early @ 7.00 + 0.75

(11:32 AM) desertone:

I am not as optimistic for today

redliontrader:

cross currents today... N100 weak, but the broad market NYSE and ALLUS are +

(11:37 AM) arujunaa:

bonds ballistic. i'm really glad i sold my long yesterday.....note that we have rolled to the sep contract so tyu9 is the new front contract. we are now at day resistance on 10s & 30s. 3.50% & 4.40% respectively

(11:37 AM) hibuck2:

NYSE A/D +771

(11:38 AM) hibuck2:

$PCRCO .70

(11:38 AM) hibuck2:

$TRIN 1.37 $TRIQE 1.10

(11:38 AM) hibuck2:

$TNX 35.22

redliontrader:

1689.45

(11:43 AM) ajayvee:

is there a treasury auction today?

(11:43 AM) don_2007_:

Hey Red, really like your All Portfolios Current Trades page... great way to keep up to date on what's happening in here.

(11:43 AM) arujunaa:

no. but month end means bullish price action usually

(11:43 AM) don_2007_:

Thanks for creating that .

(11:44 AM) ajayvee:

tnx aruj

(11:44 AM) arujunaa:

yw

(11:56 AM) ajayvee:

do you think any traders come back after lunch?

(11:58 AM) ajayvee:

anybody still looking for a positive close?

redliontrader:

thank don.. just back from lunch

(12:18 PM) don_2007_:

yw... doing a great job

(12:22 PM) hibuck2:

NYSE A/D +1026

(12:22 PM) hibuck2:

$PCRCO

(12:22 PM) hibuck2:

.72

(12:22 PM) hibuck2:

$TRIN 1.32 $TRIQE 1.12

(12:23 PM) hibuck2:

$TNX 35.20

(12:38 PM) tomthetrader:

Hey guys ...you handled this A.M. well ...again very tough trading market ...most pros went home dejected you guys are still in here fighting !

(12:39 PM) tomthetrader:

GS dove early on profit taking

(12:39 PM) tomthetrader:

RUT Is now acting like we should RAlly

(12:39 PM) tomthetrader:

maybe a bounce here in DDM

(12:39 PM) tomthetrader:

I am going to give DDM a shot here

(12:39 PM) tomthetrader:

Quotes ?

(12:40 PM) tomthetrader:

DDM for a day trade or swing into Monday ?

redliontrader:

i just picked up qld 35.02

(12:41 PM) tomthetrader:

good call

(12:41 PM) tomthetrader:

DDM we will add 10% here

(12:41 PM) tomthetrader:

Just filled 12:38

(12:41 PM) tomthetrader:

am

(12:42 PM) tomthetrader:

28.37

redliontrader:

28,39

(12:43 PM) tomthetrader:

stop at 28.15

redliontrader:

Who trades with Etrade? as of today we can now put in .01 stops... before smallest was .10.. what a pain that was

(12:48 PM) tomthetrader:

really

redliontrader:

imagine trading 100000 shares of URE with .10 away stops!

redliontrader:

Volume today lite.. -9% 5day -22% 20day

(12:54 PM) hibuck2:

NYSE a/D +893

(12:54 PM) hibuck2:

$PCRCO .74

(12:55 PM) hibuck2:

sideways

redliontrader:

those volume number were for the dow.. nyse -4% 5day -18% 20 day.. ndx volue is stronger +12% 5day .6% 20 day

(12:59 PM) hibuck2:

On fast money 2 buy the market 1 sell market ?

(1:00 PM) nimesh_:

rsussel strongets today after being weakest yesterday, opposite action of nq

(1:03 PM) tomthetrader:

move DDM stops to break even

(1:03 PM) tomthetrader:

DDM break even stops now day trade

(1:05 PM) apexfutures:

Hi tom, how have u been doin?

(1:06 PM) tomthetrader:

Great and you ?

(1:06 PM) tomthetrader:

Alot of people asking about your service

(1:06 PM) apexfutures:

busy week

(1:06 PM) apexfutures:

great

(1:06 PM) tomthetrader:

a lot of our members trying to open futures accounts

(1:06 PM) apexfutures:

ok, good

(1:07 PM) don_2007_:

put up the website please

(1:07 PM) apexfutures:

thanks

(1:07 PM) apexfutures:

www.apexfutures.com

(1:07 PM) don_2007_:

ty

(1:08 PM) apexfutures:

$4.50/rt flat for ES for Tom's subscribers

(1:08 PM) apexfutures:

$500 margins

(1:08 PM) apexfutures:

free simulator

(1:10 PM) tomthetrader:

good way to learn via my tudoring

(1:10 PM) tomthetrader:

many have learned on the run ...this way you can trade my trades while you get experience

redliontrader:

TP - what is your next time cycle?

(1:20 PM) thomas_Poland:

1:40 - 1:45 for short

(1:20 PM) thomas_Poland:

only shorts from now

(1:22 PM) tomthetrader:

down now Thomas ? but not big just profit taking >/

(1:22 PM) tomthetrader:

Let's sell DDM 28.50

(1:22 PM) tomthetrader:

Sold DDM 28.50

(1:22 PM) tomthetrader:

Out with MCD money

(1:23 PM) tomthetrader:

as we just blow +

(1:23 PM) tomthetrader:

again back to 100% cash

(1:24 PM) thomas_Poland:

not sure ...

(1:24 PM) thomas_Poland:

just want to day trade short from now on

(1:25 PM) tomthetrader:

I am thinking we end day at 8466.66

(1:25 PM) thomas_Poland:

and ES?

(1:25 PM) tomthetrader:

914.01

redliontrader:

700 shares DDM = $84 = 84 double cheeseburgers from the $ menu

(1:25 PM) thomas_Poland:

so why selling DDM ?

(1:25 PM) tomthetrader:

Yes ....84 double cheese

(1:26 PM) tomthetrader:

FEAR thomas.

(1:26 PM) thomas_Poland:

you could buy 84 books of Tom

(1:26 PM) thomas_Poland:

yes today is painfull

(1:26 PM) JR Roden:

TP says only shorts from here and TTT says 8466 ...

(1:26 PM) thomas_Poland:

every little move up is sold ..

(1:26 PM) tomthetrader:

There are old pilots...there are bold pilots...but very few OLD BOLD PILOTS

redliontrader:

greed.. wants those burgers

(1:26 PM) thomas_Poland:

I wish we can make just one more push into 913

(1:27 PM) thomas_Poland:

that would be great

(1:27 PM) tomthetrader:

Hungry....and with Rush Limbaugh saying there is no hope in America..those burgers will come in handy in the soup lines ?

(1:27 PM) thomas_Poland:

but even on 1 min chart when they move two ticks they move back in a second

(1:27 PM) thomas_Poland:

who is selling ?

(1:27 PM) thomas_Poland:

redliontrader:

Sell them for 2$ 100% return!

(1:28 PM) tomthetrader:

No pros left just squaring books on the year

(1:28 PM) tomthetrader:

My fear is we miss a few basket buys at 3:00pm and the market goes up 50-70 points

redliontrader:

D1 - we're up against that 35.30 on qld

(1:28 PM) tomthetrader:

be a safe [play

(1:29 PM) tomthetrader:

RED you still in QLD ?

redliontrader:

yes trailing stop 35.25 now

(1:30 PM) tomthetrader:

POOOOOOOOP

(1:30 PM) thomas_Poland:

and suddenly buy program

redliontrader:

check that a/d race.. n100 moving up

(1:30 PM) tomthetrader:

I knew it

(1:30 PM) thomas_Poland:

they may let me out at 913?

(1:30 PM) thomas_Poland:

for a good short later?

(1:31 PM) tomthetrader:

a/d line ?

(1:32 PM) thomas_Poland:

820

(1:32 PM) hibuck2:

+1221

(1:32 PM) tomthetrader:

2-1

(1:32 PM) thomas_Poland:

ii have 841

(1:33 PM) tomthetrader:

Fulkdaddy Dave was 100% dead on with GM ...Great call Dave

(1:33 PM) tomthetrader:

Tremendous read of a tough situation...great call

(1:33 PM) thomas_Poland:

come on .. give me 913

redliontrader:

out qld @ 35.40

(1:34 PM) tomthetrader:

nice...we will get to red lobster yet ...ifwe all pitch in

(1:34 PM) tomthetrader:

no tip

redliontrader:

(1:35 PM) bgbull:

dificult trading market

(1:37 PM) tomthetrader:

very....compressed volatily here ..coiling up into a possible breakout up

redliontrader:

Y BG... we didn't get a kick in volume there so not sure we will hold

(1:37 PM) tomthetrader:

should have at least 10-20% long in a broad etf

(1:48 PM) tomthetrader:

35.00 Q's lots of selling

(1:49 PM) tomthetrader:

RUT outperforming but a catch up to others

redliontrader:

back in qld @ 35.23

(1:55 PM) tomthetrader:

tHANKS rED

(1:55 PM) tomthetrader:

See anything ?

redliontrader:

just scalping off the ticks

(1:56 PM) tomthetrader:

anything lasting ?

(1:57 PM) tomthetrader:

rut up 1%

redliontrader:

all the indicies green.. and holding for now

(1:59 PM) tomthetrader:

a/d ?

redliontrader:

stopped b/e

(2:01 PM) tomthetrader:

heavy selling

(2:02 PM) tomthetrader:

'hedge funds selling squaring books

(2:02 PM) tomthetrader:

could leae early and market could rally in last hour

(2:03 PM) hibuck2:

NYSE A/D +771

redliontrader:

i have this auto tick scalper that gets me in and out of trades.. not to be boring but it put me right back in at the same price 35.23

(2:05 PM) tomthetrader:

and does it have an exit plan or you just watch the tape ?

redliontrader:

exits when the ticks go outside the 120 min bb on the high side

redliontrader:

i manually trail .10

(2:07 PM) tomthetrader:

great

(2:07 PM) tomthetrader:

did you keep track of GSRI Red ?

redliontrader:

offically .. no

(2:08 PM) tomthetrader:

GM and LEA tanking as GM and it's suppliers weigh on the market

(2:09 PM) tomthetrader:

GNW and LM 2 of my faves here with ZTR CSQ

(2:12 PM) tomthetrader:

buying

(2:21 PM) tomthetrader:

what happened to URE too tight of stops ?

(2:23 PM) steve_45_4:

guess so LOL

redliontrader:

y ure... was a great call.. but stops too tight for the morning session

redliontrader:

my qld stopped out .06 profit.. whoppeee

(2:27 PM) tomthetrader:

if we start to flop and cannot hold 904....look for BGZ

(2:30 PM) hibuck2:

NYSE A/D +772

(2:30 PM) tomthetrader:

Thank you

(2:31 PM) tomthetrader:

buy DDM

(2:31 PM) ajayvee:

Naz A/D +345 Vol +1.3:1 ** NYSE A/D +660 Vol +1.5:1

(2:31 PM) tomthetrader:

10%

(2:32 PM) tomthetrader:

35.25

(2:32 PM) tomthetrader:

DDM 35.25

(2:32 PM) tomthetrader:

20% long

(2:32 PM) tomthetrader:

stop 35.10

(2:33 PM) ajayvee:

DDM 28.60 ??

(2:33 PM) steve_45_4:

DDM is 28.61

redliontrader:

something wrong with those numbers..

(2:35 PM) tomthetrader:

ooops ...I was on another etf

(2:35 PM) steve_45_4:

I am in at .61 what are we supposed to be in.

(2:35 PM) tomthetrader:

28.55

(2:35 PM) tomthetrader:

28.61...depending on luck

(2:35 PM) steve_45_4:

lol

(2:37 PM) hibuck2:

thats Ok

(2:37 PM) tomthetrader:

I was looking the wrong way and talking and writing

(2:37 PM) hibuck2:

NYSE A/D +658

(2:39 PM) tomthetrader:

stop 28.25

(2:40 PM) tomthetrader:

20% DDM

(2:40 PM) tomthetrader:

stop 28.25

(2:40 PM) tomthetrader:

will move up on any rally

(2:44 PM) ajayvee:

Naz A/D +260 Vol -1.1:1 ** NYSE A/D +500 Vol +1.3:1

(2:44 PM) tomthetrader:

DOES THIS MARKET HAVE YOU CRAZY ??? POLL ?????

(2:45 PM) ajayvee:

nothing that a xanax and a beer can't handle

(2:45 PM) energy2x:

y

(2:45 PM) hibuck2:

yes I can't figure out which way it wants to go

(2:45 PM) desertone:

YEP

(2:46 PM) tomthetrader:

AJ ....what will the kiddies say ...we have some teens in here ...Thomas and

(2:46 PM) thomas_Poland:

This market made me crazy long time ago .. and today I just can't handle a pain

(2:46 PM) thomas_Poland:

(2:46 PM) thomas_Poland:

(2:46 PM) thomas_Poland:

I am crazy ... help me

(2:46 PM) thomas_Poland:

crazy crazy

(2:46 PM) thomas_Poland:

ys

(2:46 PM) thomas_Poland:

yes

(2:46 PM) ajayvee:

yes

(2:46 PM) thomas_Poland:

I almost crashed my comp today

(2:46 PM) thomas_Poland:

(2:47 PM) thomas_Poland:

tip for you .. do not keep hammer near your trading desk

(2:47 PM) thomas_Poland:

Who liked 1:40 time ????

(2:47 PM) ajayvee:

is it okay to get hammered by your desk?

(2:47 PM) thomas_Poland:

yes .. my hammer is always near me

(2:48 PM) thomas_Poland:

and yes .. it is okay

(2:48 PM) thomas_Poland:

I tried once to hammer myself with my desk

(2:48 PM) thomas_Poland:

and desk did not handle it well

(2:49 PM) tomthetrader:

A/D Thomas ..RUT ???

(2:49 PM) tomthetrader:

ZUPI ?

(2:49 PM) hibuck2:

NYSE A/D +572

(2:49 PM) hibuck2:

sliping

redliontrader:

1689.45

(2:50 PM) bgbull:

my A/D says short the market

(2:51 PM) hibuck2:

BGZ 38.06

(2:51 PM) tomthetrader:

good call

(2:52 PM) bgbull:

closed 1/2 SDS

(2:52 PM) tomthetrader:

good trades

(2:52 PM) thomas_Poland:

covered my short and waiting to short again a little later

(2:55 PM) tomthetrader:

only 1 hour left TP

(2:55 PM) thomas_Poland:

I know ?

(2:55 PM) thomas_Poland:

(2:55 PM) thomas_Poland:

3;05 is my time

(2:56 PM) tomthetrader:

am...

(2:56 PM) thomas_Poland:

10:10 was graeat

(2:56 PM) thomas_Poland:

12:05 great

(2:56 PM) thomas_Poland:

1;40 worked

(2:56 PM) thomas_Poland:

maybe 3;05 also ?

(2:57 PM) tomthetrader:

keep an eye on the A/D line

(2:57 PM) tomthetrader:

GS AAPL GOOG

(2:57 PM) thomas_Poland:

I do

(2:57 PM) thomas_Poland:

remember GOAX Tom ?

(2:57 PM) ajayvee:

Naz A/D +160 Vol -1.1:1 ** NYSE A/D +380 Vol +1.1:1

(2:57 PM) hibuck2:

NYSE A/D +446

(2:57 PM) tomthetrader:

yes...what happened to him ?

(2:58 PM) thomas_Poland:

what was it ? GOOG AAPL AMZN and ??

(2:58 PM) thomas_Poland:

I don't know what happend

(2:58 PM) tomthetrader:

BKX

(2:58 PM) thomas_Poland:

oh .. thanks

(2:58 PM) thomas_Poland:

maybe he was long his GOAX in 2008?

(2:58 PM) thomas_Poland:

but if he really believed in this he had to be short

(2:59 PM) thomas_Poland:

he was Tom2C?

(2:59 PM) thomas_Poland:

his blog is not working

(2:59 PM) tomthetrader:

tom2oc

(2:59 PM) thomas_Poland:

only "invitation"

(2:59 PM) thomas_Poland:

(2:59 PM) thomas_Poland:

if he invites me to porn party maybe I will come

(2:59 PM) tomthetrader:

HEY

(3:00 PM) thomas_Poland:

with AUXL

(3:00 PM) thomas_Poland:

(3:00 PM) tomthetrader:

me too !

(3:00 PM) thomas_Poland:

great

(3:00 PM) thomas_Poland:

I will be in pink dress

(3:01 PM) JR Roden:

That's everyone's favorite.

(3:01 PM) thomas_Poland:

yep

(3:02 PM) tomthetrader:

zags too....

(3:03 PM) thomas_Poland:

zags will come in pink VV t-shirt

(3:03 PM) thomas_Poland:

(3:03 PM) thomas_Poland:

best employee of the month

(3:04 PM) JR Roden:

So what's the call for the last hour? Back to 8466 or continue down from here?

(3:05 PM) hibuck2:

Iam favoring the down side

(3:05 PM) JR Roden:

The challenge is worrying about any intervention

(3:06 PM) thomas_Poland:

I think down

(3:06 PM) thomas_Poland:

but this is sh..y market

redliontrader:

3:06 gonna short TP?

(3:07 PM) tomthetrader:

8466 914 was my call early on

(3:08 PM) thomas_Poland:

if I get confirmation yes

redliontrader:

what do u look for to confirm?

(3:08 PM) ajayvee:

is DDM a trailing stop?

(3:08 PM) thomas_Poland:

I just watch my indicators

(3:08 PM) thomas_Poland:

but going below this bar would be ok I think

(3:11 PM) tomthetrader:

we will move it ..I have it mental about moving every .10 cents ..you can move to BE

(3:11 PM) arujunaa:

bond update: i am setting a 50% trading short (yes short!) at 117.08 on tyu9 (3.46% on 10s). i think this rally is overdone with month-end buying exaggerating this rally. the risk is if the fed comes out over the weekend with any comments about expanding QE.

(3:11 PM) tomthetrader:

Red may have the official stop

(3:12 PM) ajayvee:

I'm using 1%

(3:12 PM) tomthetrader:

tHANK YOU

(3:12 PM) tomthetrader:

Thanks Aruj AJ

redliontrader:

D1 - still at that 35.30. on qld.. the VMA for QLD is 35.30 so far

(3:13 PM) arujunaa:

tlt at 94!

(3:14 PM) bgbull:

what is VMA?

(3:15 PM) desertone:

GL RL !!

redliontrader:

bg vma = volume moving average.. the average price of the day weighted by volume

(3:17 PM) bgbull:

oh, thxs

(3:20 PM) hibuck2:

NYSE A/D +824

redliontrader:

i have 28.25

redliontrader:

assuming that we would hold over the weekend unless we take off here

(3:22 PM) tomthetrader:

move to 28.50

(3:22 PM) desertone:

In EEM @ 32.93

(3:22 PM) tomthetrader:

Thank you

redliontrader:

DDM stop 28.50

redliontrader:

i am long qld 35.16

(3:25 PM) thomas_Poland:

red no !

(3:26 PM) hibuck2:

do we have % for up day down day monday?

redliontrader:

where's that PPT?

(3:28 PM) ajayvee:

they take Friday's off during the summer

(3:29 PM) JR Roden:

Look at URE now, it finally broke out over 3.70

(3:32 PM) desertone:

In GLD July 96P @ 3.80

(3:33 PM) thomas_Poland:

10 point range

(3:33 PM) thomas_Poland:

is it NR7 day ?

redliontrader:

stopped out +.09 one of the days.. one of these days. I am gonna get a dollar trade

(3:36 PM) tomthetrader:

NR 90 week TP

(3:36 PM) tomthetrader:

NR 7 day

(3:37 PM) tomthetrader:

What happened to URE ?

(3:37 PM) tomthetrader:

from this A.M.

(3:40 PM) tomthetrader:

28.60 stop DDM

(3:42 PM) ajayvee:

out DDM for 23 cents, thanks

(3:43 PM) ajayvee:

sittin' in cash and opening a beer

(3:44 PM) tomthetrader:

8466 target going to hit ?

redliontrader:

NYSE 2:1 a/d

(3:48 PM) energy2x:

was URE a daytrade if u didn't stop out

(3:52 PM) tomthetrader:

yes

(3:52 PM) hibuck2:

Tom good job on DDM

(3:52 PM) tomthetrader:

I am still in as I never set a stop

(3:52 PM) tomthetrader:

Thank you

(3:52 PM) energy2x:

ok

(3:52 PM) steve_45_4:

wish I knew that

(3:53 PM) tomthetrader:

URE ?

(3:53 PM) tomthetrader:

Or 8466 ?

(3:53 PM) tomthetrader:

DDM I said 8466

(3:53 PM) tomthetrader:

URE was a day trade

(3:54 PM) steve_45_4:

so I presume we shouldnt put stops in anymore?

redliontrader:

steve and I stopped out on URE.. the lesson was too close on the stop.. not that you shouldn't put in stops..

(3:56 PM) tomthetrader:

on day trades ( and all trades ) it is important to put in stops ...just mental stops on day trades are better

(3:56 PM) energy2x:

i had .10 stop URE just never took

(3:56 PM) steve_45_4:

ok ty for advise

(3:56 PM) tomthetrader:

28.90 stop

(3:56 PM) tomthetrader:

DDM 28.90

redliontrader:

Steve, during those first early trading hours i sometimes make it a 1 or 5 minute close stop, that is the candle must close below the stop.. that avoids the spike that took us both out.. but you have to be disciplined and watching

(3:58 PM) hibuck2:

masterfull

(3:58 PM) ajayvee:

wow! what a finish!

(3:58 PM) tomthetrader:

29.10

redliontrader:

stop DDM 29.10

(3:59 PM) tomthetrader:

stop 29.15

(3:59 PM) tomthetrader:

29.20

(4:00 PM) hibuck2:

every time you move the stop it goes higher

(4:00 PM) desertone:

Ding Ding

(4:00 PM) tomthetrader:

sold at the close

(4:00 PM) desertone:

Enjoy your weekend all and thanks Tom

(4:00 PM) thomas_Poland:

They are really fighting Atilla

(4:00 PM) tomthetrader:

29.50

(4:01 PM) tomthetrader:

sold 20% 29.50

(4:01 PM) energy2x:

out URE 3.81 +.18

(4:03 PM) hibuck2:

NAZ broke month high

(4:03 PM) eman11:

Great Call on DDM.

redliontrader:

yes tom.. great call

redliontrader:

1698.45 - did we make it? on value line?

(4:04 PM) tomthetrader:

VLE ...the total call

(4:04 PM) tomthetrader:

UWM

(4:04 PM) tomthetrader:

look at those

(4:05 PM) tomthetrader:

8466 and 914 was too low !

redliontrader:

1689.45 was what I meant.. that was the 4% number that would trigger the zweig mechanical system to re-enter the market long

(4:05 PM) hibuck2:

ON $COMPX I have 1774.33 old high @1773.13

redliontrader:

we close at 1685.97... opps not trigger

(4:06 PM) thomas_Poland:

good to wait for confirmation right ?

(4:06 PM) thomas_Poland:

(4:06 PM) thomas_Poland:

what was the high in ES?

(4:07 PM) thomas_Poland:

I have bad data ?? 927?

(4:07 PM) hibuck2:

I have /ESM9 @ 927.75

(4:07 PM) ajayvee:

yes 927.75

redliontrader:

i got .73 out of qld finally... 6 trades in and out today

(4:08 PM) thomas_Poland:

I have the same but though it is bad data

(4:08 PM) tomthetrader:

great work

(4:08 PM) tomthetrader:

NEW HIGHS ?

(4:08 PM) thomas_Poland:

I guesss .or perfect double top

(4:08 PM) thomas_Poland:

for now

(4:09 PM) tomthetrader:

yes

(4:09 PM) tomthetrader:

a break out when everyone was gone ..my guess is selling Mon morn

(4:09 PM) thomas_Poland:

makes sense ..

(4:11 PM) bgbull:

DIG closed at 31.15

redliontrader:

NYSE stayed strong all day long.. the a/d never went -.. I thought we might ignite into the close

(4:13 PM) tomthetrader:

Thank you

(4:13 PM) ajayvee:

May came out breakeven to the penny for me, but I had a lot of fun. Thanks tom!!

(4:14 PM) bgbull:

have nice weekend

(4:14 PM) tomthetrader:

I got stopped on DDM when the bid was at 28.65 and my stop was in at 28.61 and they filled 1000 shares

(4:15 PM) hibuck2:

thxs

(4:15 PM) ajayvee:

Have a great weekend!!

redliontrader:

wait.. the value line index has a 4:15 closing? what is that about?

(4:20 PM) ajayvee:

they want to make sure they catch all those put and call buyers

(4:20 PM) tomthetrader:

Yes

redliontrader:

that puts the week up over 4% from last week.. means we buy again

(4:28 PM) ajayvee:

just think if we had held on to those ESU9 contracts

(4:29 PM) tomthetrader:

That hurts more than anything I can imagine

(4:30 PM) tomthetrader:

I was scared out of a superior long by fools

(4:30 PM) ajayvee:

it happens...part of the job!

(4:32 PM) tomthetrader:

it happens

(4:32 PM) tomthetrader:

for sure

(4:32 PM) tomthetrader:

every

(4:32 PM) tomthetrader:

day

(4:32 PM) tomthetrader:

to millions

(4:33 PM) tomthetrader:

and

(4:33 PM) tomthetrader:

we

(4:33 PM) tomthetrader:

will

(4:33 PM) tomthetrader:

get the

(4:33 PM) tomthetrader:

next

(4:33 PM) tomthetrader:

one

(4:33 PM) tomthetrader:

poop

redliontrader:

todays's closed trades:

redliontrader:

SMH + 1.36%

redliontrader:

VZ _.21%

redliontrader:

VZ +.21%

redliontrader:

URE -1.39%

redliontrader:

DDM + .42%

redliontrader:

DDM +3.15%

redliontrader:

Another great day

(4:38 PM) tomthetrader:

Explain URE again ?

redliontrader:

9:40 AM) tomthetrader: URE 5000 .05 stop

(4:39 PM) ajayvee:

the stop was just too tight!

(4:39 PM) tomthetrader:

did it hit everyone ..several still hold ?

(4:39 PM) ajayvee:

6 cents and we would have made it

(4:40 PM) tomthetrader:

I was trying to see the lows

(4:40 PM) ajayvee:

we got stopped at LOD

(4:40 PM) tomthetrader:

so it is possible ...on the fill that stops were not hit

(4:40 PM) ajayvee:

yes possible

(4:40 PM) tomthetrader:

so some were lucky ..some got squat

redliontrader:

9:40 candle was 3.59 -> 3.65

redliontrader:

that alone was .05

redliontrader:

I filled at 3.60

(4:41 PM) tomthetrader:

I have about 22 members with URE long at 3:30pm asking if it was a daytrade

redliontrader:

9:55 low was 3.55

(4:41 PM) ajayvee:

I filled at 3.59 and didn't get stopped out until I was +10 cents

redliontrader:

yes.. it was hairline on the stop

(4:42 PM) tomthetrader:

OK ...so just a tough trade

(4:42 PM) tomthetrader:

I didn't think it would move that much ....08 would have saved everyone !

(4:43 PM) ajayvee:

yep

(4:43 PM) nimesh_:

hi tom

(4:43 PM) nimesh_:

what u sepcting for sundey night/monday?

redliontrader:

i never put a stop in so early.. but I did because I was busy doing other things so I got stopped and some others did to.. It was a tough call because nobody posted their prices

redliontrader:

had it been y'day I wouldn't have gotten stopped out because I couldn't set a stop so close ... lol

redliontrader:

thanks etrae

redliontrader:

etrade