OSS /TradingRoom_Session.asp

TIME	ALERTS
15:16	** EXIT @ 872 PROFIT [+2]
15:10	Sorry, wasn't watch the time.
15:07	Multiple closes now below the wedge
15:06	People are rethinking their positions.
15:05	Small small candles on 1-min chart = big move coming.
15:02	Completely forgot about the 14:56 reversal. That should be working in our favor.
15:01	** IN @ 874
15:00	** SELL @ 874 Which ever comes first
14:59	** SELL @ 881
14:57	I would look to short again around 881
14:57	Darn. That wedge is screaming DROP!
14:56	** STOP @ 875 PROFIT [+2]
14:54	Back inside wedge
14:52	One close below the wedge on 1 minute chart.
14:50	We are in ascending widge. Look for breakout to the downside.
14:50	Stop should be 877
14:49	** IN @ 877
14:48	** SELL @ 877
14:46	** STOP @ 875 PROFIT [-3]
14:44	This one could bring us WAY down.
14:44	** IN @ 872
14:42	** SELL @ 872
14:42	This could be big
14:42	We are at reversal.
14:40	* REMINDER * This site is to verify the use of colliding wave reversals. All trades posted use a strick 3 point trailing stop. I assume you are using you own indicators to enter and exit. You should be doing better than a mechanical trailing stop.
14:36	** STOP @ 870 PROFIT [+5]
14:34	There she blows.
14:30	Still in
14:29	We are breaking to the up side of an ascending triangle on the 1-minute chart. Well, we were when I started writing this.
14:29	I think we are going to get stopped out at 865.
14:27	As published in last week's newsletter, Friday was to be an active/volatile day. A 400 point intraday swing fits my definition of both.
14:24	** IN @ 865 Came back to 865 so we got in.
14:23	** BUY @ 865
14:20	A nice drop into the reversal would put me in buying mode.
14:18	RVM @ 14:23
14:17	Ready to buy
14:11	Should have happened by now.
14:10	Still not in. Hovering around 858
14:10	Cancel the SELL @ 856
14:07	** SELL @ 856
14:07	Will take one more try if possible.
14:06	** STOP @ 859 PROFIT [+2]
14:05	Target is 850
14:03	** IN @ 861
14:02	Looking more and more like a coming move down.
13:59	** SELL @ 861
13:58	Move below 861 would make us want to short. Should see something in the next 10 minutes.
13:57	Too bad, we dropped into the reversal time. We have to wait to see if a small double top forms, of if a higher high happens.
13:51	Just in case you are wondering, I am looking at the 1-minute chart, so a 2-minute move can be considered a small move down.
13:50	Yup, a higher high after a small downward movement.
13:49	Maybe even a higher high on the up swing. Remember that major reversal at 13:55
13:47	Looking for a down, up, down movement to begin now.
13:39	RVM @ 13: 46 & 13:55
13:38	RVM @ 13:55
13:34	There was a reversal at 13:30 I didn't see. That would explain the move up in the last few mintues.
13:31	Move below 840 is bad.
13:31	Didn't get higher move.
13:28	Should start moving higher at 13:29
13:28	Another pull back for a few minutes.
13:23	** STOP @ 842 PROFIT [0]
13:06	** SELL @ 842 Let's try again.
12:51	Cancel last SELL
12:50	12:47 REVERSAL IS RIGHT ON TIME.
12:49	** SELL @ 842
12:48	RV @ 13:00
12:47	** EXIT 845 PROFIT [+5]
12:46	Stop should be 840
12:45	Would take profit at 845
12:45	I am not expecting much out of this pop. Could turn down at reversal time.
12:43	** BUY 840
12:42	Winding tighter
12:42	Winding tighter
12:42	RV @ 12:47 pop should happen by then
12:40	Market is winding up like a spring. Expecting a pop.
12:37	R @ 12:47
12:34	And as I am writing, we make the higher high. Forget about a drop.
12:33	We failed to make the higher high. That is bad. Could be going down sharply.
12:30	** STOP @ 834 profit [-3]
12:24	** IN @ 837
12:21	** BUY 837
12:19	I think its a temp pull-back
12:19	** STOP @ 836 profit [+4]
12:16	Next resistance is 841
12:14	Stop should be 836
12:12	This may be as high as we go.
12:03	R @ 838
12:02	** IN @ 832
12:01	or sooner
12:01	** BUY 834
12:00	Goign to be a breakout here. Move above 831 or below 825
11:59	* New chat room * http://www.oss.cc/c
11:58	828 strong support and resistance today.
11:55	** STOP @ 829 profit [-1]
11:54	Limit at 825. Too much time has past.
11:51	Stop @ 829
11:51	Still in.
11:51	Sure. Now we start moving
11:50	Exit at market. I don't like the looks of things.
11:46	1 or 2 minutes of up ward movement, then MUST go down.
11:43	RV @ 11:47
11:41	Looking for one more good move down.
11:40	Stop should be at 831
11:37	Testing the top of that ascending triangle.
11:34	S @ 823
11:33	** IN @ 828
11:32	** SELL @ 828
11:26	The reversal will take us highter. Cancel the SELL
11:25	The breakout of the ascending triangle has not shown much strength. Only a 8 point gain.
11:23	Reversal right at 11:25
11:21	Drop becomes even bigger if we hover here for a few minutes.
11:17	** SELL @ 828
11:16	Looks like a pop is coming
11:16	Thinking about shorting again at 830
11:09	** STOP @ 833 PROFIT [-3]
11:06	Big test is if we can get below 828
11:03	** IN @ 830
11:02	** SELL @ 830
10:58	RV @ 10:58 Could send us higher.
10:57	I see a retest of 828 coming.
10:55	Could also call this a breakout of the double bottom. But I am suspicious.
10:54	We hit 833. Market is stalling.
10:53	833 would be tops.
10:51	No sooner mention the triange, and we are breakingout to the up side. I think it is fake, and I am ready to short.
10:50	Now entering the picture is an ascending triangle.
10:48	This could be the one to take us down.
10:48	RV @ 10:51
10:46	Too bad we didn't. :-)
10:46	Had we bought at the reversal time of 10:30, we would be up 8 points.
10:44	We hit 828. That should be it.
10:41	We hit 827
10:39	Notice the descending wedge on the 1-minute chart leading up to the reversal time.
10:35	SPX 823. Will we see 828?
10:34	Yup. I thought that looked a little funny. We are moving up. Good for maybe 5 points.
10:32	Just does not look right. No trade here.
10:29	Maybe not
10:28	Looking like this reversal will take us higher.
10:27	Reversal range is 10:30 to 10:35
10:24	Increasing refresh rate now.
10:21	Looking for a move up into the 10:30 reversal.
10:15	I do not think we will see a bottom here. Something is shaping up to happen before or at the 10:30 reversal.
10:12	If move above 830, you could call this a bottom.
10:08	RV @ 10:30
10:04	Watch for a double bottom.
10:03	R @ 825
09:52	* New chat room * http://www.oss.cc/chat
09:42	I am expecting this to be a big down day.
09:18	Just watching.
08:45	Good morning!

Previous Intraday Trading Session: [ 12/5/2008 ]