[06:14 am] Ed : good morning
traders
[06:30 am] Mitch K: next two days
is FOMC so really extra quiet
[06:30 am]
Mitch K: its going to be quiet for the next
month so take your ideas in first 30-45
minutes each day
[06:31 am] Mitch K:
watching LL for bottom to buy,
[06:31 am]
Ed : monitoring VRTX for potential
long
[06:32 am] Mitch K: watching VRTX for
bottom to bu
[06:32 am] Mitch K: watching
KLIC for top to short
[06:33 am] Mitch K:
watching LULU for bottom to buy
[06:33 am]
Mitch K: watching SWKS for top to
short
[06:33 am] Mitch K: more downswide
on LQDT, prefer rebound first
[06:34 am]
Mitch K: watching STX for top to
short
[06:34 am] Mitch K: monitoring TYC
for top to short
[06:34 am] Mitch K: right
here
[06:34 am] Mitch K: watching KORS for
short soon
[06:34 am] Mitch K: watching
SYMC for top to short, take time
[06:35
am] Mitch K: watching CRS for top to
short
[06:35 am] Mitch K: watching CAH for
top to short
[06:35 am] Mitch K: watchign
HLF for bottom to buy
[06:36 am] Mitch K:
watching YNDX for bottom to buy
[06:37 am]
Mitch K: watching health care stocks to
short
[06:37 am] Mitch K: watching MPWR
for top to short
[06:37 am] Mitch K: watch
healthcare stocks today: UNH, HUM, AET,
WLP
[06:38 am] Mitch K: watching FLS for
top to short
[06:39 am] Mitch K: watching
NY for bottom , take time
[06:39 am] Mitch
K: watching ACOR for bottom to buy
[06:40
am] Mitch K: watching CVLT for top to
short
[06:41 am] Mitch K: watching PRE for
bottom to buy
[06:41 am] Mitch K: watching
SRCL for bottom to buy
[06:41 am] Mitch K:
watching APC for bottom to buy
[06:43 am]
Mitch K: watching EMN for top
[06:43 am]
Mitch K: watching CXO for top to
short
[06:44 am] Mitch K: watch COH for
multiple trades today, next one is short on
top of tbounce, take time
[06:44 am] Mitch
K: missed TXRH bottom but watch for short on
top of this bounce
[06:45 am] Mitch K:
monitoring IPGP for top, take time
[06:45
am] Mitch K: watching KLIC closer to cover
short
[06:46 am] Mitch K: still watching
TYC for top to short
[06:46 am] Mitch K:
watching ALXN for top to short
[06:47 am]
Mitch K: SPY toppy
[06:47 am] Mitch K:
watching AMZN for bottom to buy
[06:47 am]
Mitch K: consider selling VRTX if
long
[06:48 am] Mitch K: also consider
covering LQDT
[06:48 am] Mitch K: watch
all your shorts, many are ready to cover like
KORS, STX
[06:48 am] Mitch K: consider
covering most of KLIC short
[06:48 am]
Mitch K: consider covering some or most of
EMN short
[06:48 am] Mitch K: consider
taking multiple trades on CXO, ok to cover on
this drop
[06:49 am] Mitch K: consider
covering healthcare stocks soon: WLP,
UNH
[06:50 am] Mitch K: sorry about
CAPS
[06:50 am] Mitch K: consider selling
YNDX
[06:50 am] Mitch K: CONSIDER COVERING
aet SHORT
[06:51 am] Mitch K: sell HLF if
long
[06:51 am] Ed : monitoring CMI for
potetantial short
[06:52 am] Mitch K:
cover UNH if short
[06:52 am] Mitch K:
watching NXPI for bottom, take time
[06:52
am] Mitch K: IPGP turning over
[06:52 am]
Mitch K: or most of it
[06:52 am] Mitch K:
consider covering FLS short
[06:53 am]
Mitch K: consider selling ACOR
[06:53 am]
Mitch K: sell APC
[06:53 am] Mitch K:
consider covering CVLT short
[06:53 am]
Mitch K: consider selling NU
[06:54 am] Ed
: has more room to run if they want
[06:54
am] Mitch K: cover TXRH if short
[06:54
am] Ed : just contniue to monitor CMI use
5min to see where it tops
[06:54 am] Mitch
K: or more
[06:54 am] Mitch K: consider
covering half of CXO short
[06:55 am]
Mitch K: it has to stop dropping first and
show a little bounce before you buy anything
on these drops
[06:55 am] Mitch K:
watching KLIC for bottom to buy, take time,
maybe 10.4 to 10.50 area,
[06:56 am] Mitch
K: looking for 54 area on IPGP short, be
flexible
[06:56 am] Mitch K: not liking
TYC, too slow joe
[06:56 am] Mitch K:
watching TRI for bottom to buy
[06:56 am]
Mitch K: you buy just the beginning of the
pop, drop and pop
[06:58 am] Mitch K: dont
like AXS actually, lol
[06:58 am] Mitch K:
not huge potential on AXS, so so
[06:58
am] Mitch K: watching AXS for bottom to buy,
take time
[06:59 am] Mitch K: monitoring
EL for bottom, more to go before
interesting
[06:59 am] Mitch K: IPGP short
over, watch for 2nd helping short
later
[07:00 am] Mitch K: done with CVLT,
taking off screen
[07:00 am] Ed : Im
covering 3/4 of CMI for plus .40 on
short
[07:01 am] Mitch K: any profit on a
bounce like KLIC after big profit is just
bonus money, icing on cake, spouse
money. means don’t try to squeeze last
dollar out of it, anything is fine.
thats my mentality when i trade
those
[07:01 am] Ed : to get ahead of
trade no traction on downside
[07:03 am]
Mitch K: dropped from 26.70 to 22.24 last 30
min
[07:03 am] Mitch K: Allot
Communications
[07:03 am] Mitch K: watch
ALLT for bottom, like this chart a
lot
[07:03 am] Ed : finally breaking down,
I will trail my last 1/4 CMI short
[07:04
am] Mitch K: dont buy it until it shows signs
of bottoming, it looks dead the way ALLT
is acting
[07:05 am] Mitch K: not
liking ALLT
[07:06 am] Mitch K: consider
covering KORS if short
[07:06 am] Mitch K:
watching SINA for bottom to buy
[07:06 am]
Mitch K: FB setting up for long
scalp
[07:07 am] Mitch K: SYMC close to
target, maybe 15.68 area, be flexible,
anytime to cover ok
[07:07 am] Mitch K:
you guys sold HLF long right?
[07:07 am]
Mitch K: cover STX if short
[07:07 am] Ed
: SPY new lod
[07:09 am] Mitch K: watchign
AGN for bottom to buy
[07:12 am] Mitch K:
little more downside on COH short but
watching for bottom to cover short
[07:13
am] Mitch K: watching LNKD for bottom to
buy
[07:13 am] Mitch K: monitoring CVLT
for 2nd helping short, maybe 50.65 area, be
flexible, start small, increments
[07:14
am] Mitch K: CVLT bounce could go over 51
before good short
[07:14 am] Mitch K: KORS
short is over
[07:14 am] Mitch K: looking
for bottom in MGAM
[07:14 am] Mitch K:
watching MGAM for bottom, can anyone check
news on this?
[07:15 am] Mitch K: on this
type of trade, a 2nd helping that was already
bullish to begin with, i am slow to enter a
2nd short, real small at first
[07:19 am]
Mitch K: looking for about 80 cents on CVLT
2nd helping short
[07:20 am] Mitch K:
consider selling most of AGN
[07:20 am]
Mitch K: watching CELG for bottom to
buy
[07:29 am] Ed : SPY trading at
trendline resistance
[07:38 am] Mitch K:
see the chart EMN? thats what we are
looking for on a 2nd helping short, ideal
chart there
[07:39 am] Mitch K: CVLT 2nd
helping short started
[07:39 am] Mitch K:
watching UNH for 2nd helping long
[07:40
am] Mitch K: today much better trading than i
expected, many good ones today. look at
MGAM long, trade of the week
[07:41 am]
Mitch K: anyone take that MGAM long
[07:42
am] Ed : missed the breakdown short in VVUS,
wait for bounce back into the 21.7ish area
see how it reacts to that area
[07:44 am]
Mitch K: consider selling MGAM long
[07:50
am] Mitch K: cover AGN if short
[07:51 am]
Ed : watching TFM for short thx
qwert
[07:51 am] Mitch K: still monitoring
UNH for 2nd bottom, also watchign AET and WLP
for bottom, looks like last two are
bouncing
[07:52 am] Ed : monitor the 60
area if gets that far on TFM
[07:55 am]
Mitch K: looking for a 3rd short on EMN,
unusual to have 3 on same stock
[08:09 am]
Ed : if u took TFM short would cover some
here
[08:14 am] Ed : SPY trading near
horizontal resistance
[08:31 am] Ed : SPY
pulling back
[09:02 am] Ed : getting some
selling in markets
[09:11 am] Ed : SPY
approaching lod
[09:14 am] Ed : Advanced
trade use smaller share size
[09:14 am] Ed
: monitoring ACTG for potential
bottom
[09:36 am] Ed : if u took ACTG long
would reduce some here if u took ACTG
long
[10:00 am] Ed : SPY new lod
[10:17
am] Ed : VVUS still making lower
lows
[10:37 am] Mitch K: AGN is worth
watching all day because the further this
drops the stronger the bounces tend to be on
the long side
[10:39 am] Mitch K: watching
AGP
[10:43 am] Mitch K: watching LOGM for
bottom
[10:52 am] Mitch K: if anyone took
AGP long, consider selling
[11:10 am] Ed :
getting bounce in SPY
[11:15 am] Ed :
watching OCZ for potential short ADvanced
trade
[11:23 am] Ed : if u shorted OCZ
would cover here
[11:49 am] Ed : DNB
haltd
[11:50 am] Ed : circuit breaker
halt
[11:54 am] Ed : potential
sale
[11:55 am] Ed : being reported in
WSJ
[12:01 pm] Ed : if u short DNB would
cover some here
[12:10 pm] Ed :
MGLN
[12:10 pm] Ed : thx murano
[12:10
pm] Ed : watchion gMGLN for long
[12:11
pm] Mitch K: watching Lightning
chart
[12:11 pm] Mitch K: no buy signal on
DNB yet
[12:14 pm] Mitch K: so what you do
is try to get best price
[12:14 pm] Mitch
K: just got a buy signal on MGLN
jason
[12:18 pm] Mitch K: sell signal on
MGLN, use those as a stop
[12:19 pm] Mitch
K: this is DNB
[12:19 pm] Mitch K: my
first glance at MGLN is i didnt like the
pattern
[12:19 pm] Mitch K: you still have
to use good judgement when using a system,
don’t throw out all your observations and
recognition you have built up over
time
[12:20 pm] Mitch K: two blue circles
is a buy and then a sell and you use a sell
signal as a stop
[12:20 pm] Mitch K: here
is the MGLN chart that turned into a trade
failure or a stop triggered
[12:20 pm]
Mitch K: still no buy signal yet
[12:21
pm] Mitch K: here is VRTX
[12:21 pm] Mitch
K: this helps you prevent big
losses
[12:22 pm] Mitch K: see why you
take signal on something like MGLN?
prevents larger losses.
[12:22 pm] Mitch
K: pre beta
[12:22 pm] Mitch K: im using
the beta beta version
[12:22 pm] Mitch K:
those two blue circled signals are garbage
signals and i am going to get rid of those,
those will be filtered out for the beta
version
[12:23 pm] Mitch K: let me show
you CVLT
[12:24 pm] Mitch K: thats another
garbage signal, that wont be there on
released version
[12:24 pm] Mitch K: see
that one lone blue circled signal?
[12:25
pm] Mitch K: this one is trade of the week or
month, happened today MGAM
[12:26 pm]
Mitch K: there is by signal on lower circle,
same as buy to cover a short or buy
long
[12:26 pm] Mitch K: upper left
circled signal is sell, use sell as sell long
or sell short
[12:27 pm] Mitch K: Thats $2
a share on a $12.50 stock or 16% on this
long
[12:28 pm] Mitch K: my first glance
at this chart is it isnt very good
idea
[12:28 pm] Mitch K: and your job is
to get best price, usually does NOT have to
be a market order.
[12:28 pm] Mitch K:
ACOM just gave sell signal
[12:29 pm]
Mitch K: it has not gone up enough or fast
enough
[12:29 pm] Mitch K: even though
sell signal was issued, dont care for
it
[12:30 pm] Mitch K: i got to get back
to work, working on details, filters,
nuances
[12:31 pm] Mitch K: eyes, you
asked about cost. I am not sure of
final cost yet but it will be a lot cheaper
than you trying to trade manually, and you
dont have as much emotions and you can handle
quite a few open positions at the same
time
[12:32 pm] Mitch K: ive been obsessed
with getting it up to highest level
possible.
[12:34 pm] Mitch K: the beta
version will be released at discount and
further discount to Trading Room users and
3rd discount on webinar attendees and a 4th
discount on bundled with other
services
[12:37 pm] Mitch K: let me
explain this in more detail, most of you
might not care but i do
[12:39 pm] Mitch
K: only have 20 min left and i would guess 51
will hold on FIRE
[12:39 pm] Mitch K: got
sell signal on FIRE
[12:41 pm] Mitch K:
you mean a buy signal to cover short right
DNB
[12:41 pm] Mitch K: no
victor
[12:43 pm] Mitch K: ok i will teach
you when beta is released on this but you see
DNB on right, the black highlighted price now
77.06 on DNB on right chart
[12:43 pm]
Mitch K: FIRE on left, DNB on right
[12:44
pm] Mitch K: small sliver of a chart on left
is FIRE and just hit 51
[12:44 pm] Mitch
K: when you see that black highlighted price
toward lower part of the three prices, it
isnt ready to cover but dont worry about
that
[12:45 pm] Mitch K: it is not
efficient for me to give you buy and sell
signals, its efficient when its on your
computer and you hear the audio
alerts
[12:45 pm] Mitch K: and good place
to cover FIRE if short
[12:45 pm] Mitch K:
my common sense says that 51 holds
[12:46
pm] Mitch K: see green line on top of alert
window?
[12:46 pm] Mitch K: there is DNB
ccover
[12:46 pm] Mitch K: and you can see
and hear this alert window
[12:47 pm]
Mitch K: you get DNB covered Victor
[12:47
pm] Mitch K: ok FIRE broke below $51, makes
sense, end of day, stock has run up a lot,
people want to capture their profit
[12:48
pm] Mitch K: i mean was kick butt
today
[12:48 pm] Mitch K: you are going to
dig this next chart
[12:48 pm] Mitch K: is
joeytsa here?
[12:49 pm] Mitch K: now
check this out, this was the EUR/USD
pair today on Lightning.
[12:50 pm] Mitch
K: you could not write a better story than
this, watch this
[12:50 pm] Mitch K: let
me go back to like 5am this morning
[12:51
pm] Mitch K: look at this movement, big
oscillations and that is what this is
good
[12:51 pm] Mitch K: first trade was
at 220am pacific time. i wasnt awake
but i left it on all night
[12:52 pm]
Mitch K: you guys don thave to know much
about all the Forex, the technical details,
no lines to look at
[12:52 pm] Mitch K:
look at this movement in the Euro vs the US
Dollar
[12:52 pm] Mitch K: arent you guys
ever satisified? you are going to have
an awesome tool and now you are asking for
autotrade?
[12:53 pm] Mitch K: joey, is
this cool or what, the range of price is very
high today
[12:54 pm] Mitch K: can use it
perfectly for swing trade on daily charts,
other time intervals, i am going to show you
all how to use this
[12:54 pm] Mitch K:
each one of those moves for the absolute
minimum position size is $415 but look how
many occurred today and most people are able
to afford more than one contract or $4700
buying power
[12:55 pm] Mitch K: trading
the Euro vs. Dollar, you can have a position
for hours and never trade it, just wait for
audio
[12:55 pm] Mitch K: joey, tell me
you love this
[12:56 pm] Mitch K: but look
how long the hold time was on this — thats
like 90 minutes
[12:56 pm] Mitch K: i have
the Euro mostly hidden because i dont have
enough monitor space so i only show a tiny
bit of the chart to remind me i have a
position
[12:57 pm] Mitch K: like CL for
example, i dont care for those mid night
trades
[12:57 pm] Mitch K: yes victor, it
will be on your computer so if your computer
is turned on, and you have internet and Ninja
is loaded, then signals will be generated but
i dont like the quality of some of the middle
of the night instruments
[12:58 pm] Mitch
K: but you have to pace yourself how much you
can do and trade, i am older, so less trading
and more particular what i want to do and how
i want to manage my life
[12:59 pm] Mitch
K: just a sec
[12:59 pm] Mitch K: i was
starting to show you something i dont like
but i have solved how to filter it out, those
garbage trades, or most of them wont appear,
so let me show you garbage
[01:00 pm]
Mitch K: just a sec
[01:02 pm] Mitch K:
first, i will have this showning up better
more clear, consistent, those arrows.
they are hidden in a cople places but i dont
look at charts, i look at the Alert
window
[01:02 pm] Mitch K: ok see this is
VRTX
[01:03 pm] Mitch K: to prove that to
you, let me do a close up
[01:03 pm] Mitch
K: the lower circle there is a green arrow
but its hidden
[01:03 pm] Mitch K:
actually i hear the sound first and then i
look at the alert window, then make trade,
then look at alert window in that
order
[01:04 pm] Mitch K: right wheres
waldo but again, you hear the sound, then
look at alert window to see what it is
because you have a bunch of charts
open
[01:04 pm] Mitch K: you can see the
body of that arrow. but we will fix
that
[01:05 pm] Mitch K: here is the most
important thing im working on. and this
is important
[01:05 pm] Mitch K: ok let me
show you techies what i am working on, i
solved it but now am going to get programming
changes, let me show you
[01:06 pm] Mitch
K: i figured out how to get rid of most of
those, probably 80-85 of those will disappear
and that leaves the good stuff
[01:06 pm]
Mitch K: crap trades, bad signals
[01:06
pm] Mitch K: see those two circled
signals? thats garbage
[01:07 pm]
Mitch K: am i making sense?
[01:07 pm]
Mitch K: so the goal is to give the highest
quality trades, the fewest trades but the
best
[01:08 pm] Mitch K: good word
skydiver, this allows multi-tasking at the
best but if you do this at work, people are
going to hear sell signal, buy
signal
[01:08 pm] Mitch K: we dont want to
go mental hearing a lot of extra sell or buy
signals. because the pavlovian dogs
will get desensitized as to what is a good
signal and what is a bad one
[01:09 pm]
Mitch K: see more junk?
[01:10 pm] Mitch
K: some of that we cannot filter out but the
solution is this: we look for the best
ideas, biggest movers, highest beta, all
those 40-50 in the first hour? those
are perfect for this. and when you guys
hear me say or you can see for yourself those
3-5 stocks that keep on giving good trades
throughout the day? not just one trade
but maybe 3,4,5 trades. those you will
be able to easily trade
[01:11 pm] Mitch
K: the audio alert is a woman’s voice Buy
SIgnal, Sell SIgnal. a little sexier
than Apple’s Siri voice
[01:12 pm] Mitch
K: i didnt want the voice to be too sexy
because the guys wont be able to concentrate
and their wives will think they arent really
trading
[01:12 pm] Mitch K: you guys look
at FIRE
[01:12 pm] Mitch K: i wanted an
audio alert that isnt too distracting or
annoying. but something to get your
attention but not yelling at you
[01:13
pm] Mitch K: anyhow, i got to get back to
work, just wanted to let you know where we
are at. after each change, it has to be
tested and monitored for weeks
[01:14 pm]
Mitch K: anyhow you guys take care and thanks
for your patience. it will definitely
be worth the wait. i will show you how
to use it. i think i have it down
pretty well now but my guess is you guys will
find other ways of using this that i have not
thought of or discovered yet
[01:15 pm]
Mitch K: gregs, email me at service
@tradestocksamerica.com and put in subject
line gregs in Trading Room. leave me
your phone number
[01:15 pm] Mitch K: ok
interesting gregs
[01:16 pm] Mitch K: im
telling you guys, this one technique im going
to show you in that first 30 minutes,
probably triples your profits, at least, just
in first 30 min, really really good
stuff. its definitely taking longer
than i expected but its ok, just killer tool
coming your way
[01:16 pm] Mitch K: im
interested in that
[01:17 pm] Mitch K: see
you tomorrow
[01:17 pm] Mitch K: first 30
min of each day
| [06:12 am] b1faxm88 : very bad day
yesterday
[06:13 am] joeytsa : Good
morning Ed, traders
[06:13 am] eddy
: hi all ED joey
[06:13 am] gregs :
good morning joey
[06:14 am]
scalpman : gm ed
[06:14 am]
joeytsa : chicago pmi @
6:45pdt,consumer confidence @ 7pdt
[06:14
am] gregs : howdy ed
[06:14 am]
cowboyh : Gm Ed
everyone
[06:14 am] eddy : wow spy
jut droped into negative
[06:14 am]
qwert : good morning everybody
🙂
[06:14 am] joeytsa : gap down:
STX,COH,HUM,PRSS,REGN,MSTR,KORS,TIF
[06:15
am] joeytsa : gap ups:
LQDT,CRUS,CVLT,IPGP,CIE,HLF,CMI
[06:16 am]
joeytsa : some of those may have
changed already though
[06:16 am]
cdougan : Good Morning!
[06:16 am]
Ed : b1faxm88 as a trader you will have a bad
day no matter how great ur system is, key is
keeping those losses to minimum, also if it
was horrible day go back to basics, decrease
substantially shares traded or even go back
to sim trading
[06:19 am] joeytsa :
ES range approx 1378-1387
[06:23 am]
serge : gm everyone
[06:25 am]
cdougan : Morning Serge
[06:25 am]
apple : good morning to all fast
traders
[06:25 am] skydiver : gm
all
[06:26 am] khall : good morning
eveyrone
[06:26 am] khall : everyone
as well – need more coffee!
[06:27 am]
apple : gm joey
[06:28 am]
apple : gm khall
[06:28 am]
apple : gm sky
[06:28 am]
apple : gm eddy
[06:28 am]
apple : gm cd
[06:28 am] apple
: gm serge
[06:28 am] apple : gm
E
[06:28 am] khall : gm apple
🙂
[06:28 am] qwert : gm
apple
[06:28 am] apple : gm
qwert
[06:28 am] apple : gm
greg
[06:28 am] qwert : crus really
moving around
[06:29 am] apple : gm
scalp
[06:29 am] skydiver : gm
apple
[06:29 am] apple : gm
cowboy
[06:29 am] apple : where is
mike these days?
[06:29 am] joeytsa
: vacation
[06:30 am] apple :
thx
[06:30 am] cowboyh : gm
apple
[06:31 am] joeytsa : nice
50cent opp on STX
[06:31 am] joeytsa
: watching TGT for a bottom
[06:32 am]
apple : thx for warning MK – really
apppreciate that reminder
[06:33 am]
skydiver : CRM jumped fast
[06:34
am] scalpman : Cover 1/2 CRUS
S
[06:36 am] joeytsa : tighten STX
if long
[06:36 am] scalpman : Cover
1/2 KLiC S
[06:37 am] victor51 : gm
all
[06:37 am] apple : hey
victor
[06:37 am] joeytsa : tighten
COH if long
[06:37 am] apple : thx
joey
[06:39 am] joeytsa : chicago
pmi in 5 minutes
[06:40 am] apple :
thx joey
[06:41 am] eyes : Long
47.15 VRTX out 1/2 1% 1/4 +1.10
[06:42 am]
eyes : 1/4 2 %
[06:45 am]
apple : eyes – your % are
confusing. just put in $ or pt amt,
thx. e.g. 1.10 works
[06:45 am]
eyes : ok
[06:46 am] eyes :
.47 .94 1.10
[06:46 am] apple
: great!
[06:46 am] eyes :
Short CVLT 51.73
[06:46 am]
khall : s STX 29.46
[06:48 am]
skydiver : covered CRM S 127.67 –
125 41
[06:48 am] joeytsa : tighten
SHAW if short
[06:48 am] chinhngo :
short alxn at 107.02
[06:49 am]
apple : thx joey
[06:49 am]
eyes : out CVLT .52
.104
[06:49 am] joeytsa : i dont
think i listed that pre-market though, had it
on my computer though sorry
[06:50 am]
eyes : last 1/4 1.56
[06:51 am]
skydiver : miss handled first 2 trades
– CRM put me in green again — focus
focus
[06:52 am] joeytsa : it
happens
[06:52 am] skydiver : trying
to make sure when it happens – small losses
🙂 thnx joey
[06:53 am]
joeytsa : there ya go
[06:53 am]
khall : me too sky
[06:53 am]
skydiver : 🙂
[06:53 am]
joeytsa : CMI has been strong, see what
it does at $97
[06:54 am] joeytsa :
Ed; they have 5min charts??
haha
[06:55 am] Ed : think so
[06:55
am] joeytsa : 🙂
[06:55 am]
khall : thanks Ed
[06:55 am] Ed :
CVLT was sweet Mitch
[06:55 am]
skydiver : thnx Ed – switching over to
5 minutes on CMI
[06:55 am] joeytsa
: yeah, both ways was nice
[06:56 am]
apple : very nice on CVLT’
[06:56
am] joeytsa : chicago pmi came in
better than expected, CB consumer
confidence out in a few
[06:57 am]
joeytsa : COH testing hod, having
issues so far @ $52
[06:58 am]
joeytsa : LMNX spike
[06:58 am]
joeytsa : only 145k traded so
far
[07:00 am] joeytsa : consumer
condifence up
[07:01 am] skydiver :
thnx Ed on CMI
[07:02 am] chinhngo :
buy cover alxn thank mr mith
[07:04 am]
rusty : FB radar
[07:05 am]
apple : thx rusty
[07:05 am]
apple : FSLR moving today
[07:05 am]
skydiver : thnx apple
[07:05 am]
chinhngo : arna lod
[07:06 am]
skydiver : monitoring CRM
[07:06 am]
joeytsa : LNKD trying to find
support
[07:06 am] joeytsa : SHAW
now trying to hold $38
[07:07 am]
eyes : CMI Short 96.48 out 1/5 .96
second half set to be
[07:07 am]
eyes : 1/2
[07:09 am] victor51
: Thanks Mitch CVLT
[07:13 am]
skydiver : CRM L 124.02
[07:13 am]
skydiver : moving stop up on CRM to
be
[07:14 am] skydiver : reducing
CRM by 1/2
[07:14 am] skydiver :
L
[07:14 am] joeytsa : FWLT getting
som eaction
[07:16 am] qwert : all i
see on mgam is earnings
[07:16 am]
skydiver : all out of CRM L – small
profit
[07:17 am] rusty : FB
nlod
[07:19 am] eyes : out second
half CMI +.30
[07:20 am]
scalpman : FB moving up
[07:27 am]
skydiver : Bernstein believes that
Apple is considering a stock split and if so
it could be included in the Dow Jones
index. From Fly on the Wall
[07:27
am] apple : thx sky
[07:29 am]
apple : thx E
[07:30 am] go4it
: ALLT bounce
[07:31 am] apple : thx
go
[07:32 am] apple : watching
SBUX
[07:32 am] skydiver : thx
apple
[07:34 am] joeytsa : DTG
spike
[07:34 am] joeytsa : only 100k
traded
[07:35 am] skydiver : feels
like August has hit today –
[07:35 am]
apple : one more day….
[07:35 am]
rusty : JCP ceo coming up
CNBC
[07:35 am] joeytsa : as long as
the first 30-60 minutes are like today, then
im good 🙂
[07:35 am] skydiver :
agree joey – I didn’t hit my $1000 goal, but
close
[07:36 am] joeytsa : thats ok,
you have something better….time
🙂
[07:36 am] joeytsa : the whole
day to enjoy
[07:36 am] skydiver :
and at my age == that’s precious 🙂
[07:36
am] joeytsa : how old?
[07:36 am]
skydiver : 62
[07:36 am]
joeytsa : you got at least
40yrs
[07:36 am] skydiver :
🙂
[07:37 am] skydiver : still 29
years old in the old heart
[07:38 am]
joeytsa : body can last abotu 120yrs if
you take care of it
[07:38 am]
skydiver : yeah and my spirit —
forever 🙂
[07:38 am] joeytsa :
there you go
[07:38 am] rusty : JCP
wants to be a destination store
[07:38 am]
rusty : ive heard it all now
[07:39
am] joeytsa : you mean
desolation??
[07:39 am] rusty :
barely want to go their to shop, now its a
destination
[07:39 am] apple : haha,
they now want to discount everything everyday
…
[07:39 am] joeytsa : they are
having a clearance..they cleared out all of
their customers 🙂
[07:39 am] rusty
: lol
[07:39 am] skydiver : nice one
joye 🙂
[07:40 am] joeytsa : hate to
say it, but still dont think they are the
only ones
[07:40 am] joeytsa : break
time, see you all for the final 90..keep the
good ones rollin’
[07:40 am] apple :
have fun joey
[07:40 am] skydiver :
take care joey
[07:41 am] joeytsa :
yeah Mitch, gotta get those early trades in
and not get stuck in teh mud
[07:42 am]
rusty : VRNG radar
[07:43 am]
rusty : possible secondary
offering
[07:43 am] apple : thx
rusty
[07:45 am] rusty : Facebook
(FB) upgraded to Market Perform from
Underperform – Bernstein
[07:45 am]
rusty : and lowers its price target to
$23 from $25.
[07:45 am] rusty :
lol
[07:46 am] apple : thx again for
info rusty
[07:46 am] rusty :
upgrades and lower target
[07:50 am]
qwert : TFM
[07:51 am] apple :
thx qwert, nice
[07:54 am] eyes :
careful new high tfm
[07:54 am] eyes
: on daily
[07:56 am] khall : thanks
eyes
[08:00 am] Ed : thats why that 60
area is key, been rejected their many
time
[08:00 am] pirate : watching
CLF
[08:01 am] apple : thx
pirate
[08:01 am] scalpman : I have
Ninja Trader Simulator feeding off my
Tradestation Account….investigating the
chart trader
[08:03 am] skydiver :
have a great day all — decent day – –
🙂 see you all in the
morning
[08:03 am] eyes : Ok i did
not have enough data on my chart now i do
thanks ED
[08:04 am] Ed : stil good
observation
[08:04 am] apple : bye
sky have fun
[08:04 am] eyes : I was
only seeing 1 year
[08:07 am] Ed : 1 year
is good
[08:09 am] eyes : S 59.75
TFM
[08:11 am] eyes : out 2/3
59.34
[08:11 am] eyes : Set to BE
last /13 TFM
[08:13 am] apple : good
job eyes
[08:15 am] apple : ES
testing 1382
[08:15 am] scalpman :
Ed…if you are not too busy, where are the
moving average indicators for Ninja
control-I…but I don’t see them. What are
they called? thanks. (if time)
[08:16 am]
jsn13 : it’s called the sma
scalp….
[08:17 am] eyes : or
EMA
[08:17 am] apple : nice reversal
on TFM
[08:17 am] eyes : stoped be
last 1/3
[08:17 am] eyes :
TFM
[08:19 am] Ed : thx guys agree with
jsn and eyes
[08:19 am] scalpman :
thanks jsn
[08:20 am] scalpman :
tada….
[08:20 am] jsn13 : u r
welcome scalp…
[08:20 am] Ed : so eyes
and scalp, can tradestation be the data feed
for ninja
[08:20 am] apple : now i
need to get ninja
[08:21 am] Ed : I read
where it can
[08:21 am] eyes : you
can use it but not very good
[08:21 am]
eyes : I tryed it the other
day
[08:21 am] Ed : which part is not
good?
[08:22 am] eyes : you are
limited to the data you can get i will email
you the link
[08:22 am] scalpman :
yes…ed, it links right up but they say it
can only provide for a few charts. It bombs a
lot.
[08:22 am] Ed : thx
[08:22 am]
scalpman : ..crashes
[08:22 am] Ed :
thx
[08:23 am] scalpman : I have
built the charts now to look like our usual
charts
[08:23 am] qwert : Watching
crus
[08:23 am] apple : thx
qwert
[08:23 am] scalpman : have
stochs vol, and SMA
[08:24 am]
scalpman : I’m starting now to learn it
in preparation for “…you know
what?”
[08:24 am] khall : do you
have pivots yet?
[08:25 am] eyes :
http://www.ninjatrader.com/ConnectionGuides/T
radeStation-Connection-Guide.php
[08:25
am] eyes : There it is ED
[08:25 am]
apple : thxx eyes
[08:26 am]
scalpman : Basically you set up a TS
chart place the NJExternal Strategy on the
chart. That allows Ninja to read
it.
[08:26 am] scalpman : Yes eyes,
that is the connection guide online…very
easy to follow. It worked the first
time.
[08:27 am] eyes : did you like
it Scalp
[08:27 am] khall : ninja
also has good customer service and they are
happy to answer questions
[08:27 am]
scalpman : I put on some sim trades (in
NT) for FB and CVLT using the chart trader…
I’m exploring…
[08:28 am] eyes : I
love Chart trader
[08:28 am]
scalpman : ..but watching also for any
stock ideas here…
[08:28 am] khall
: me too
[08:28 am] eyes : it helps
eliminate emotions
[08:28 am]
cdougan : VVUS back to LOD Nice call
Ed
[08:29 am] khall : you can also
set up auto strategies
[08:29 am]
eyes : thats what i have atm
stra
[08:29 am] khall : love
them
[08:30 am] eyes : ED you long
TFM
[08:30 am] totora : + day thx
all
[08:31 am] Ed : thx cdougan
[08:31
am] apple : bye totora, have
fun
[08:32 am] khall : see you
totora
[08:32 am] Ed : nice going
totora
[08:33 am] scalpman : KHall,
the ATM strategy window is in ticks…trying
to modify that.. thanks if you have
moment.
[08:34 am] eyes : Right
click properties on chart trader
[08:34
am] khall : let me look for my
documentation on that
[08:35 am]
qwert : apple u get the crus
short
[08:35 am] scalpman : that;s
it….parameters
[08:36 am] khall :
thanks eyes
[08:36 am] scalpman : I
have a lot of studying to dl.
[08:36 am]
scalpman : do
[08:36 am]
scalpman : It is very
intuitive…
[08:36 am] apple :
no
[08:36 am] eyes : See you all
latter on Good Luck
[08:37 am] qwert
: cya eyes
[08:37 am] apple : bye
eyes have fun
[08:37 am] scalpman :
I am CVLT S @ 50.60
[08:37 am] rusty
: TIVO radar
[08:38 am] scalpman :
1st target is 50 fib retrace at
49.91
[08:39 am] scalpman : covering
2/3 on CVLT S
[08:48 am] scalpman :
I’m can certainly study on my own, but if
anyone using NJ wants to give me little
primer on the chart set up and ATM, here is
my email…thanks
[email protected]
[08:48 am]
scalpman : (after trading hours of
course)
[08:48 am] scalpman : I’m in
Chicago (DST)
[08:49 am] scalpman :
CVLT testing newer low
[08:52 am]
joeytsa : yeah scalp, ninja is deep…i
just have a basic understading or i would try
to help
[08:54 am] apple : can i be
copied on that email as well — need to get
ninja asap – [email protected]. many
thanks
[08:55 am] qwert : me to
please [email protected]
[08:56 am]
scalpman : Everybody wants help me too
me too (ha)…
[08:56 am] go4it :
CVLT out
[08:56 am] apple : the ES
is so range-bound at 1380-82
[08:56 am]
scalpman : All out (covered) CVLT S on
that last drop
[08:57 am] Ed : nice
trading scalp
[08:57 am] apple :
good job
[08:57 am] scalpman :
thanks ed…didn’t have my last limit low
enough.
[08:57 am] go4it : entry was
50.63
[08:57 am] scalpman : broke
through 76% on the fib
[08:57 am]
joeytsa : scalp: you might like the
chart trader though
[08:57 am]
scalpman : probably heading even
lower.
[08:57 am] apple : very nice
go
[08:58 am] go4it : thks
Mitchie
[08:58 am] apple : AGN nice
short
[08:58 am] go4it : tks
Apple
[08:58 am] scalpman : Thanks
apple…
[08:59 am] scalpman : 5
green 1 b.e. 1 loss (FB
stopped)
[08:59 am] joeytsa : nice
day
[09:00 am] scalpman : .and some
good education on NJ….
[09:00 am]
scalpman : a very productive
morning…
[09:00 am] apple : the
olympics have been great so far
[09:00 am]
scalpman : Yes… love the olympics. We
are gymnastic fans…
[09:00 am]
joeytsa : yeah apple, im trying to find
out when my buddy runs..will let you
know
[09:01 am] scalpman : We’re
glued to NBC primetime in the eves.
gluttons…
[09:02 am] apple : oh,
really, great joey. don’t they do that
towards the end?
[09:02 am] scalpman
: I work on NJ during the commericals.
(ha)
[09:02 am] apple : watched
men’s & women’s beach volleyball –
grueling
[09:03 am] scalpman : Time
for me to depart….thanks all…great
discussion and traing ideas….feel great
!
[09:03 am] apple : but absolutely
love the swimming. sync diving was also
interested — how do they do that?!
[09:03
am] scalpman : See you all
tomorrow.
[09:03 am] apple :
interesting
[09:03 am] apple : bye
scalp
[09:03 am] apple : have
fun
[09:03 am] scalpman : by apple.
you bet
[09:03 am] Ed : c ya
scalp
[09:03 am] scalpman : bye
ed
[09:03 am] cdougan : I’m out too.
Have a great day everyone and thanks for the
calls.
[09:03 am] eddy : bye scalp
cdougan
[09:03 am] qwert : bye
scalp
[09:03 am] qwert : bye
cdoug
[09:04 am] Ed : c ya
cdougan
[09:04 am] joeytsa : ES into
overnight support area
[09:04 am]
scalpman : Oh…i for got, I still am
in NJ simulator Short on CVLT…
[09:04
am] apple : joey – it loved that 1377
area all yesterday
[09:04 am] khall
: LOL
[09:04 am] scalpman : up 1.71
wow…
[09:04 am] apple : haha,
scalp
[09:04 am] joeytsa : yeah
apple
[09:06 am] joeytsa : see you
in an hour 🙂
[09:06 am] murano :
ARR
[09:06 am] Ed : cmi
[09:06 am] Ed :
sorry wrong screen
[09:07 am] go4it
: Putting house on market have to relocate my
setup from family room to upstairs spare
bdrm. C U mannanaI’m relocating setup from
family room
[09:07 am] apple : thx
murano
[09:07 am] scalpman :
ok…bye now.
[09:07 am] apple : bye
go – have fun
[09:07 am] scalpman :
Scalpman has left the building
[09:07 am]
Ed : c ya bruce
[09:07 am] go4it :
Fun !!!
[09:08 am] apple : yeah,
enjoy
[09:08 am] go4it : I’ll miss
the big screen
[09:08 am] apple :
where are you moving to?
[09:09 am]
go4it : wife wants horse property
don’know yet
[09:10 am] apple :
nice
[09:11 am] Ed : nice one
murano
[09:13 am] apple : nice drop
on ACTG
[09:16 am] rusty : FB
nlod
[09:23 am] qwert : Ed did you
get the long and short on ACTG
[09:23 am]
Ed : yes
[09:23 am] qwert :
nice
[09:24 am] qwert : where did u
short at
[09:24 am] Ed : see how u got
bounce but then it start to wither
[09:24
am] Ed : 25.97
[09:24 am] qwert :
yes i a really trying to identify that
action
[09:25 am] jsn13 : and where
is ur stop?
[09:25 am] qwert :
a=am
[09:25 am] rusty : PIMCO’s
Gross prophesies death of equities in August
outlook
[09:25 am] jsn13 : i shorted
at 25.95 and stopped at 26.20….then it
dropped down after kicking me
out….
[09:26 am] eddy : Ed how
could you know ACTG wud bounce
now?
[09:26 am] rusty : Pimco’s Bill
Gross Paid $200 Million Last Year, N.Y. Times
Says
[09:26 am] Ed : my stop was 26.03 i
got stopped and reshorted
[09:27 am]
jsn13 : uh thats a good
lesson…..thanks alot….
[09:27 am] Ed :
I dont mind keeping my stop tight
[09:27
am] eddy : ed u long now?
[09:27 am]
jsn13 : agree with this kind of
breakdown, u want fast spike
down….
[09:28 am] jsn13 : if it
bounces, might turn out to be a failed
breaout….
[09:28 am] Ed : great question
eddy, especially on these type of trades I
got 1st long and the short, I exited the 2nd
long to anwser questions
[09:28 am]
jsn13 : so keeping the stop tight but
still reasonable is wise i
think….
[09:29 am] eddy : but wat
is the indication of the reversal either
way
[09:29 am] Ed : alot of it comes from
studying many chart patterns
[09:29 am]
eddy : very hard to identufy
[09:29
am] eddy : i saw nothing that implied
to short
[09:29 am] Ed : also adding some
comon applications of life
[09:29 am]
jsn13 : what price did u get it long
ed?
[09:29 am] eddy : or long for
that matter
[09:29 am] Ed : which time
jason
[09:29 am] jsn13 : 2nd
time
[09:30 am] jsn13 : the one juz
above 25 bucks….and where is ur
stop?
[09:30 am] Ed : 1st eddy the stock
had dropped from 30 all the way down to 26
area, like a ruberband real life, so ur
looking for some type of bounce
[09:31 am]
Ed : ur looking for selling to cease, stock
to stop going down b4 attempting a
long
[09:31 am] eddy : is it worth
going long now?
[09:32 am] Ed : once ur in
stock like ACTG when stocl moved from
entry 26.79 to 27.32 it should have moved up
quite a bit more vased on huge drop which let
me know to be careful
[09:33 am]
jsn13 : eddy, u need to learn
candlestick to have the clues that it has
stopped going down and show rejection to
lower prices at 12.14 est bar…
[09:33
am] Ed : so I took my profits and waited to
see what woulld happen
[09:33 am] Ed : and
sure enough stock was weak, so my clue to go
short was that stock had dropped nicely,
bounce is weak, good moneuy still on short
side
[09:34 am] Ed : I would not take it
long here
[09:34 am] Ed : just from risk
stand point
[09:34 am] eddy :
k
[09:34 am] apple : as it’s moving
up… thx E for your explanation – it all
helps to understand what is
happening
[09:35 am] jsn13 : ed, may
i know ur entry price for both the long on
ACTG? thanks….
[09:35 am] jsn13 :
and also exit…..thanks….
[09:35 am] Ed
: 26.79 1st time, 2nd time was
[09:35 am]
Ed : 25.42
[09:36 am] jsn13 : stop
at below low? which is bout 2% for both
right?
[09:36 am] Ed : my sto was set
there but does not mean I would let it get
there
[09:37 am] qwert : EXPE new
hod
[09:37 am] jsn13 : for the 2nd
long, it did came back down to revisit ur
entry….but u did not exit right?
[09:38
am] Ed : but I did already exit my 2nd long
at 25.93 I got out to field
questions
[09:38 am] Ed : it never came
back to my entry price
[09:39 am]
jsn13 : i mean u entered at 12.22 bar
right, the next minute it actually fluctuate
down quite abit….
[09:39 am] jsn13
: so my question is, do u still hold on to ur
position with below lod stop?
[09:40 am]
Ed : no I entered 12:24
[09:40 am]
jsn13 : got it….thanks….
[09:40
am] jsn13 : u did not take it at 12.23
bar cos u want more confirmation
right?
[09:41 am] Ed : not enough
information 12:22 or 12:23
[09:41 am] Ed :
it could still go down, no strong support
from buyers those times yet
[09:42 am] Ed
: even if u know nothing of candles, at those
times the candles still in
downtrend
[09:42 am] Ed : see that, the
flow is still down
[09:42 am] jsn13
: ur entry is when it broke the minor
downtrendline resistance?
[09:42 am] Ed :
at 12:22 and 12:23
[09:43 am] jsn13
: with 25 potential support?
[09:43 am] Ed
: I drew that so u could vissually see what
Im talking about in regards to
candles
[09:43 am] apple : thx
E
[09:43 am] jsn13 : 1st higher high
on the downtrend right? yup i saw
it….thanks alot….
[09:44 am]
jsn13 : very useful…makes ur entry
price legit….
[09:44 am] Ed : order flow
still mostly sellers is what Im pointin out
and that is relfected in candles
[09:44
am] jsn13 : ok got it….
[09:45 am]
Ed : then once u entere, looking at larger
picture u want the lod to hold. So u look for
that or a higher low to form if ur playing
long
[09:46 am] jsn13 : if u r
wiating for higher low, which bar would be
the entry?
[09:47 am] apple : but no
re-entry when it cleared the noise at about
26, you don’t think with increased volume it
would have been a good long?
[09:47 am]
jsn13 : the 12.34 bar?
[09:47 am]
apple : 12:35?
[09:49 am] Ed : for
me personally on stock that are negative I
just dont like those entries that high. Just
for me not saying not great entry. So if u do
enter at area I drew where would ur stop be??
to give a chance for setup to work?
[09:49
am] Ed : negative on daily
[09:50 am]
jsn13 : agree…thats the area to watch
if u r long…not a good entry level for me
either….
[09:51 am] Ed : Thats why I
said what I did eddy? See some do not mind
risking that much
[09:52 am] eddy :
i hear u Ed i still find this kind of trade
challenging
[09:53 am] Ed : 3 years ago it
was very challenging for me too
[09:54 am]
Ed : Sim is great way, but I traded real
money to master it buy only used 10 shares to
get the emotional feel
[09:54 am]
jsn13 : no one can be a genius
overnight eddy….to be as successful as ed,
we need 3 years at least….but by learning
from ed, im confident that i only need
1.5years….fast tarck to
success….
[09:55 am] Ed : I think Mitch
mentioned that as well 18 months
[09:55
am] apple : so E let me understand this
your second entry long, what
happened?
[09:56 am] jsn13 : ya ed,
what gives u the edge when u have negative
order flow…
[09:56 am] Ed : I saw I was
getting questions and want to give my
attention so I exited
[09:56 am]
apple : ok, that’s what i thought, so
you would have still been in the trade
then?
[09:57 am] Ed : eventually they will
be overtaken by buyers, u can see that with
the action of the stock/candles
[09:57 am]
jsn13 : on the 2nd long, why u enter?
what is the signal? what candles?
[09:57
am] apple : right, see that
now
[09:57 am] Ed : I would have taken 3/4
at around 26.27 and be sittin on last
1/4
[09:58 am] jsn13 : traaling it
with 20 sma
[09:58 am] Ed : yes
[09:58
am] Ed : that is what we have been speaking
on jsn my 2nd entry
[09:58 am] apple
: right, but there is a MA cross at about
26ish, you don’t think that would have been a
good entry after the consolidation?
[09:59
am] jsn13 : ed, may i know what candles
u used to enter 2nd long?
[09:59 am] Ed :
look at chart
[10:00 am] jsn13 : so
the entry is the break of the downtredn line
that u drew right?
[10:00 am] Ed : It
would be apple just not my style thats
all
[10:01 am] apple : oh, ok.
thx. i understand what you were saying about
your other entries.
[10:01 am] Ed : I was
showing you what im seeing when it comes to
stock bottoming, its best way I could think
of
[10:02 am] Ed : sellers in charge 12:22
and 12:23 then buyers overtake
12:24
[10:02 am] jsn13 : at 12.22
bar, there is an indecision between buyers
and sellers….at 12.23 the range of th bar
is small giving clue that sellers are losing
strength….so at 12.24 bar once the price
took off break above the downtrendline
ressitance, u entered….
[10:02 am]
apple : i get the bottoming and would
have entered there as well. but i was
thinking about eddy’s Q
[10:02 am]
eddy : which apple?
[10:03 am]
apple : about going long
[10:03 am]
jsn13 : with a stop below lod at 25.06
maybe….and once it goes weak, u would be
cautious….am i right?
[10:03 am]
eddy : ya i wud have …but im trying
to be a cautious trader now. im in capital
oreservation mode now
[10:04 am]
eddy : preservation
[10:04 am]
eddy : it went flying…geees
[10:04
am] apple : it was a 2pt move
[10:04
am] Ed : Right so u either do not trade these
at all, or go much much smaller position
size
[10:04 am] eddy : no trade for
me until im proficient
[10:04 am] Ed :
Nice going eddy
[10:05 am] eddy : im
concentrating on UVXY latelt an easier
trade with many opportuinities a
day
[10:05 am] jsn13 : like 1/2
position cos risk it greater than 1%….but i
like the edge there…..like ur entry bar
ed….thanks….learnt soemthing
new….
[10:06 am] qwert : anyone
remember how to add an interval button on
esignal
[10:06 am] eddy : ED those
are valuable learnings today . will they be
posted in DSR OF Tom?
[10:07 am] Ed
: This is what happens to many of us, We
enter trading with excitement, we lose money
and majority continue. We have some success
but no consistency. By the time we figure out
things we dont have the money to continue.
This is why its paramount to do sim and when
u start live trade extremely small share
size. This is key as one does and will pay
money to the markets (its called
losses)
[10:08 am] Ed : I sure it will
eddy
[10:08 am] eddy :
great
[10:09 am] Ed : I know it may not
sound sexy but trading 10 shares is how I
learned how to the fast movers once I moved
from sim
[10:09 am] Ed : Once u get
consistent, thats when one gradually increase
position size
[10:10 am] victor51 :
Thanks for ACTG. Entry 26. Out 1/2 at
28
[10:10 am] apple : nice going
victor
[10:10 am] Ed : nice
vicotr
[10:12 am] apple : one thing
i like about the 5 min chart – eliminates the
noise
[10:12 am] Ed :
tremendously
[10:18 am] apple :
funny thing on ACTG you could just see the
exhaustion before it just broke
down
[10:19 am] jsn13 : Ed, may i
know ur entrty price and time for VVUS
short?
[10:19 am] eyes : I am back
how was the trading
[10:20 am]
victor51 : All out ACTG. Could not get
more than $2,00 but good
experience.
[10:20 am] eyes : Wow
good for you Vic
[10:20 am] apple :
excellent victor
[10:21 am] eddy :
well done vic …real or sim?
[10:21 am]
victor51 : Thanks Apple, Eye ,Ed and
whole bunch more
[10:22 am] jsn13 :
Victor, would u be free after market
closes?
[10:22 am] victor51 : Eddy.
I am in real although ave. size
[10:22 am]
Ed : I meantioned that one way back at 10:48
or something I said look for VVUS bounce into
21.70ish area and see how stock reacts it has
been weak
[10:23 am] joeytsa : eddy:
be careful with uvxy, only has a 40cent range
today
[10:23 am] eddy : i know joey
…been on it al session ..doing fine so far
up 2% overall…i hope i dnt loose them
before close 🙂
[10:24 am] jsn13 :
yup i saw ur posts…juz now im not sure
which bar is a good entry….i wanna have ur
price and time as reference….i learn by
reverse engineering….haha….
[10:24 am]
joeytsa : if it works for you great
🙂
[10:24 am] apple : E you are good
– there was an SMA cross on that one at about
22.20 and it continues to follow the 8
sma
[10:25 am] Ed : that post was 10:48 so
will let u do some homework jsn
[10:25 am]
Ed : thx apple
[10:25 am] apple :
joey and i like the big movers…
[10:25
am] joeytsa : big enough to be able to
scalp at least
[10:25 am] jsn13 : so
ur entry is? as in the time u ahve all the
clues…
[10:25 am] apple : i am
getting a delay when posting
[10:26 am]
jsn13 : im trying to not get over
conservative or agressive….
[10:27 am]
eyes : CL down almost 2 points on the
day
[10:27 am] Ed : Dont get so hookep on
price, see how stock is reacting around
particular area
[10:27 am] eddy : so
how wud u handle VVUS now ED
[10:28 am] Ed
: I know we do through numbers out there but
its important to see how stock
reacts
[10:29 am] jsn13 : ok ed,
would 10.58 bar a good entry? had
difficulties at yesterday’s low
resistance…
[10:30 am] jsn13 : or
can we enter at 10.48 bar?
[10:30 am] Ed :
best way to handle now since been going down
all day, is look at daily and see where key
support areas are, If stock is close u want
it to pullback(in this regard weak stock u
want it to bounce into trendline area or
pivots and see if buyers really come in) if
stilll weak work taking sample position like
smaller share size short. Optimall would be
shorting once stock loses key area on daily
with vol
[10:32 am] Ed : It realy not
concrete on number, see once u get weak stock
on radar u want price where it makes sense
for ur risk reward setup
[10:33 am] Ed : I
know it may seems like im being vague, but as
trader u have to be able to look at chart and
make quick decisions
[10:33 am]
jsn13 : so aas long as it is close to
ur stop, u can enter? no exact method?
looking at overall sentiment + price
actions?
[10:34 am] Ed : See u have the
tools jsn and more u excercise them the
better off u will be
[10:34 am] Ed :
right
[10:35 am] Ed : see u may get better
price than me, as to why im being vague. OUr
goal is to teach you how to fish, not fish
for you
[10:35 am] jsn13 : im weak
in determinng the support resistance….can u
go over how u find those in VVUS? like how u
move from daily to 15min to 2 day 1
min…
[10:36 am] Ed : In starting out if
thats a weakness best to have up daily and
the timeframe u trade on that will give
u key information
[10:36 am] jsn13 :
i understand ed….but i like having
reference….thats juz how i learn…..i like
to see how u fish…what u use….dont like
wasting time starting from
scratch….
[10:37 am] Ed : But what
happens the day I croak, just asexample u
never want to become too dependant on a
person in this regard
[10:37 am] Ed : This
is daily chart up on VVUS
[10:37 am]
apple : LONG LIVE e, LONG LIVE
e!!!!
[10:37 am] jsn13 :
understand….thanks….
[10:40 am] Ed :
So when I looked at my 1min chart I was
trading on and saw that VVUs had broken down
from 21.76 yesterdays low, to 21.36 I missed
it. So thats when I mentioned to watch to see
how stock reacts to the area it had broken
down from
[10:40 am] Ed : that area happen
to be 21.70ish area
[10:41 am] Ed : the
edge is fact that stock is downtrend on daily
and just bounced into potential resistance so
if get signal in that area odds on my side to
take it short
[10:42 am] Ed : This is also
how u allow a stock to setup for you, no
chasing
[10:42 am] jsn13 : the
strongest resistance here is the level where
it broke down from right?
[10:43 am] Ed :
would not worry about term strongest just
most recent area it broke from
[10:43 am]
jsn13 : ok
gotcha….thanks…
[10:44 am] apple
: nice E, got it. makes great
sense. just need to be aware of
it
[10:45 am] jsn13 : so ed, LOGM
break of 19.50 area with huge volume seems to
be the type of breakout trade that u
mentioned previously….
[10:46 am]
qwert : Great explanation
Ed thx
[10:46 am] jsn13
: a nice short….
[10:46 am] jsn13
: qwert, have u practiced playing this type
fo trade?
[10:46 am] qwert :
yes
[10:47 am] jsn13 : what stocks
did u trade using this strategy?
[10:47
am] jsn13 : i mean for
today…..
[10:48 am] Ed : on the one hand
its simple as far as setup, we can complicate
it as traders. I still do that
[10:48 am]
qwert : not today got a new computer
and have had bugs to work out and getting
used to new configuration
[10:48 am]
jsn13 : the challenging part is to
cacth good rpices….
[10:49 am]
eddy : btw Joey the .40 cents of the
low on UVXY is more than 5% range. not good
for your style?
[10:49 am] Ed : u have
bugs in urs qwert
[10:50 am] apple :
haha
[10:50 am] apple : watching
LQDT
[10:50 am] qwert : just had
issues with the firewall wouldnt let me
execute a trade this am had to call
lightspeed to figure it out
[10:50 am] Ed
: oh
[10:51 am] qwert : loving it
though
[10:51 am] Ed : which one u go
with
[10:51 am] Ed : similar to mine
or more
[10:52 am] qwert : i think
more but only because of the new
technology
[10:53 am] apple : SPY
moving
[10:53 am] qwert : i used
your order as a starting point and talked
with craig he was great
[10:54 am]
qwert : i cant believe how cool the
tower is
[10:54 am] eyes : What kind
of hard drive you have qwert
[10:54 am]
qwert : cool as in cold
[10:55 am]
qwert : #1 is solid state
[10:55 am]
qwert : #2 is regular
[10:56 am]
rusty : HLF radar
[10:56 am]
apple : thx rusty
[10:56 am] Ed :
really very helpful Craig is
[10:57 am]
qwert : yeah he was great
[10:59 am]
rusty : ALLT radar
[11:02 am]
apple : thx rusty
[11:03 am]
qwert : volume went byby on
allt
[11:10 am] jsn13 : Mitch, can u
show us how Lightning did on the ALLT long
that u called in the a.m.?
[11:25 am]
joeytsa : eddy you still
here?
[11:25 am] rusty : MED radar
based on daily chart – volume not too good
tho
[11:26 am] jsn13 : Ed, is ur
entry for OCZ at the open of the big red bar
after the max volume bar?
[11:26 am] Ed :
no
[11:26 am] jsn13 : thats too
agreesive? so where is ur entry?
[11:27
am] jsn13 : and what price?
[11:27
am] apple : thx rusty’
[11:27 am] Ed
: oh yeah sorry misread
[11:28 am]
apple : haha
[11:28 am] jsn13
: ed, can u draw a vertical line at ur entry
bar?
[11:28 am] jsn13 :
14.16?
[11:39 am] eddy : done for
the day
[11:39 am] eddy : see u
tom
[11:39 am] Ed : c ya edy
[11:39 am]
apple : bye eddy have fun
[11:50 am]
apple : what did they do?
[11:51 am]
apple : something is really up with
that — 7 pts?
[11:54 am] joeytsa :
DNB trading again
[11:57 am]
skydiver : just jumped on for a bit —
wow on DNB
[12:01 pm] eyes : S DNB
81.89 out 1/2 .80 1/4 1.60
[12:01 pm]
skydiver : covering DNB S
[12:01 pm]
skydiver : 3/4 of DNB short – covered
that is
[12:03 pm] skydiver : thnx
Ed!
[12:03 pm] qwert : thx for
DNB :))
[12:03 pm] skydiver :
who called DNB – ??
[12:03 pm] apple
: great job sky!
[12:03 pm] skydiver
: made my lunch time here at my office
🙂
[12:03 pm] joeytsa : yeah, nice
short
[12:04 pm] Ed : ur welcome
[12:04
pm] apple : we love you E!
[12:04
pm] skydiver : glad I jumped back on
—
[12:04 pm] joeytsa : Ed gets the
gold medal 🙂
[12:05 pm] rusty :
MLNX radar
[12:05 pm] joeytsa : much
easier than seeing you on the woman’s
gymnastic team 🙂
[12:05 pm] eyes :
out last 1/4 +2.08
[12:05 pm] qwert
: way to go eyes
[12:05 pm] apple :
haha
[12:05 pm] apple : very good
eyes
[12:06 pm] skydiver : nice
eyes
[12:06 pm] rusty : and
ears
[12:06 pm] eyes : The sad Part
is it is virtual i cant trade waiting for
transfer to ninja
[12:06 pm] qwert :
watching TRIP
[12:07 pm] eyes : up
=629 go figure
[12:09 pm] Ed : just go
back and learn from it and it will pay for
itslef eyes
[12:09 pm] jsn13 : eyes,
im impresssed to see ur improvement…what
did u do differently eyes?
[12:10 pm]
murano : MGLN
[12:10 pm]
joeytsa : yeah that took a
dump
[12:11 pm] murano : Thanks for
DNB Ed.
[12:12 pm] apple : another
one…. too bad we didn’t get it before it
dumped.
[12:12 pm] jsn13 : How bout
MGLN mitch? can u inform us when buy signal
appears?
[12:12 pm] Ed : ur right
apple
[12:13 pm] apple : that would
be nice, jsn
[12:14 pm] aussie123 :
Ready when you are…Pull out the
Lightning
[12:14 pm] jsn13 : thanks
alot mitch….
[12:17 pm] jsn13 : So
now is there an early sell signal from
Lighning?
[12:19 pm] jsn13 : Mitch,
was it after or before it broke new
low?
[12:20 pm] jsn13 : what time is
the sell signal on DNB?
[12:20 pm] Ed :
thats the pattern jsn, when u get weak bounce
u cn short brekn low with vol
[12:20 pm]
jsn13 : yup…exactly…..got
that….
[12:22 pm] jsn13 : Mitch,
can we place order early like now? is there
an early bird discount? 🙂
[12:22 pm]
apple : haha jsn
[12:22 pm]
apple : thx MK
[12:22 pm] Ed : If u
took MGLN short would cover some
here
[12:22 pm] apple : thx
E
[12:23 pm] eyes : So what is it
going to cost that is the question
[12:23
pm] jsn13 : nice one ed….
[12:23
pm] apple : friends of MK…
[12:25
pm] skydiver : thnx Mitch on showing
Lightning – very nice even with the gargabe
signal
[12:26 pm] jsn13 : Nice
Mitch!!! This si the power of a good trading
system….
[12:27 pm] rusty : ACOM
radar
[12:27 pm] Ed : thx rusty
[12:27
pm] gregs : thx for MGLN
[12:29 pm]
jsn13 : Mitch, why is it not
good?
[12:29 pm] jsn13 : ok
thanks….
[12:30 pm] Ed : have fun
Mitch
[12:30 pm] jsn13 : thanks alot
for showing us mitch….
[12:30 pm]
joeytsa : thanks Mitch
[12:31 pm] Ed
: jsn did u short MGLN breaking
down
[12:31 pm] apple : thx
MK
[12:32 pm] skydiver : Sounds good
Mitch – -when done I’ll be wanting to buy it
as well 🙂
[12:32 pm] eyes : Ok
thanks for the answer
[12:32 pm]
apple : friends of MK
price…
[12:34 pm] Ed : hey qwert did u
short MGLN?
[12:34 pm] jsn13 : i
already closed my charts when i saw it….but
i watched hwo it acts….learnt from
watching…..decided to stop trading early
and watch….
[12:34 pm] qwert :
nope 🙂
[12:34 pm] Ed : nice getting
the study in
[12:34 pm] apple :
great, i have been in all of
those…
[12:35 pm] jsn13 : but that
was like a text book trade…broke below 49
that we can have the stop loss placed juz
above that…..
[12:35 pm] qwert :
yeah i keep thinking one way have to have
more open mind
[12:35 pm] Ed : I really
like those like DNB
[12:35 pm] jsn13
: min risk max reward…..great
trade….
[12:35 pm] qwert : DNB was
great
[12:36 pm] apple : that was a
great E – and when they come along,
Pounce
[12:36 pm] jsn13 : by the
way, which u bar u took DNB short
ed?
[12:36 pm] Ed : yep, I stopped on long
for small I mean really small, but more
than made up for it on short side with
MGLN
[12:36 pm] rusty : Can
Lightning Auto-trade?
[12:36 pm]
qwert : nice
[12:37 pm] murano
: FIRE
[12:37 pm] Ed : like .15 on stop
and plus 1.73 short
[12:37 pm]
gregs : MGLN long trailing 1/4
position, +1.24
[12:38 pm] Ed : get em
gregs nice going
[12:38 pm] skydiver
: nice one gregs
[12:38 pm] gregs :
thanks ed!
[12:38 pm] joeytsa : nice
one greg 🙂
[12:38 pm] apple : great
job greg
[12:38 pm] Ed : FIRE is on
fire
[12:39 pm] apple : nice on FIRE
– a couple of surprises this pm
[12:40 pm]
victor51 : Mitch, Sell signal yet on
DNB?? I am short
[12:41 pm] victor51
: Mitch yes to cover
[12:42 pm]
apple : victor that’s a buy signal then
(or cover if short)
[12:43 pm]
skydiver : I still have 1/4 left in DNB
S
[12:43 pm] victor51 : Thanks
Mitch
[12:44 pm] qwert :
yes
[12:44 pm] apple : y
[12:46
pm] rusty : it would be most efficient
if you would just trade my account for me,
where do I send my money
[12:46 pm]
skydiver : covered final 1/4 of DNB
S
[12:46 pm] apple : haha
rusty…
[12:46 pm] jsn13 : Ed,
which bar did u enter DNB short?
[12:46
pm] apple : just keep up the alert
window — we don’t even need the charts
then
[12:47 pm] skydiver : nice
Mitch!! 🙂
[12:48 pm] victor51 :
Thanks Mitch and everyone. All out DNB short
+1.70
[12:48 pm] apple : good one
victor!
[12:48 pm] joeytsa : im
here
[12:49 pm] joeytsa :
euro/usd??
[12:49 pm] victor51 :
mitch, covered right on. It’s cool
[12:50
pm] apple : that’s what it looks like
joey
[12:50 pm] gregs : amazing how
lightning isn’t shaken out of trades like MA
would be
[12:50 pm] gregs : and how
quick it is, not lagging
[12:51 pm]
apple : autotrade?
[12:51 pm]
joeytsa : grab one of those, go back to
sleep and take the day off 🙂
[12:51 pm]
apple : sounds like a plan,
joey
[12:52 pm] apple : only
kidding…
[12:52 pm] joeytsa : and
free fortune cookies
[12:52 pm]
skydiver : Hey – I’m very impressed
Mitch — awesome
[12:52 pm] apple :
i am so excited for this…
[12:53 pm]
qwert : We are ready
[12:53 pm]
joeytsa : nice money in those
[12:53
pm] apple : we are sooooooooooooooooo
ready…
[12:53 pm] apple : oh,
yeah
[12:53 pm] victor51 : Mitch, I
just opened Forex account on TS. Will be
ready for the new system
[12:53 pm]
jsn13 : Mitch, can u use it to swing
trade? or is it designed juz for day
trading?
[12:55 pm] jsn13 : nice
nice…..
[12:55 pm] joeytsa : looks
great
[12:55 pm] apple : i love it,
like a fun rollercoaster ride
[12:56 pm]
rusty : Will Lightning work directly
with brokers?
[12:56 pm] joeytsa :
futures is all i use ninja for…cant
complain
[12:56 pm] victor51 :
Mitch, will your system available 24/7 so we
can trade Forex all day??
[12:57 pm]
apple : not bad, not bad at
alll
[12:57 pm] joeytsa : agreed
Mitch
[12:58 pm] victor51 : Thanks
Mitch.
[12:58 pm] gregs : Mitch,
just for kicks have you backtested
lightning? Just following signals as
they come, is it consistently
profitable?
[12:59 pm] apple : good
advice MK
[12:59 pm] apple : greg,
what do you think?
[12:59 pm] rusty
: Will Lightning work directly with
brokers?
[01:00 pm] gregs : of
crouse, i’m interesting in numbers being a
math head myself 🙂
[01:00 pm] gregs
: interested
[01:00 pm] jsn13 :
gregs u r a programmer right?
[01:00 pm]
gregs : yes, ex-programmer… in my
slave life
[01:00 pm] gregs :
🙂
[01:00 pm] joeytsa : no more
slave life
[01:00 pm] jsn13 :
hahaha….u r funny….
[01:00 pm]
apple : he has been working on this for
months with a team… i think he has covered
all the bases
[01:01 pm] gregs :
yes, i was trying to phrase the question
openly… interested in what kind of numbers,
having backtested a couple simple systems
myself
[01:02 pm] jsn13 : why there
is no buy signal on VRTX at the
bottom?
[01:03 pm] apple : love
it
[01:03 pm] apple : he said it’s
hidden
[01:03 pm] jsn13 : wow they
are too shy to show up?
[01:03 pm]
apple : haha
[01:04 pm] gregs
: where’s waldo
[01:05 pm] gregs :
it’s awesome mitch, i can’t wait
[01:05
pm] jsn13 : Mitch, don’t forget to give
deep early bird discount for us who would buy
on the 1st day it’s released…..
[01:06
pm] jsn13 : We help u break the
record….
[01:06 pm] ben4givn : how
did you know?
[01:07 pm] skydiver :
very very very nice Mitch
[01:07 pm]
joeytsa : good plan
[01:07 pm]
skydiver : yep!
[01:07 pm]
jsn13 : perfectly…
[01:07 pm]
gregs : impressed, yes
[01:08 pm]
apple : bless you MK for all your hard
work… new millionaires around the
corner!
[01:08 pm] skydiver : I’ll
be able to multi-task here at my office doing
this too 🙂
[01:08 pm] skydiver :
good point
[01:08 pm] khall : I’m so
excited about this. Can’t wait till
it’s available – this will really change
things
[01:08 pm] skydiver : gotcha
— will have to close the door or use
headphones 🙂
[01:08 pm] khall :
you’ll have to keep your door shut –
LOL
[01:09 pm] jsn13 : put on
headphones then….I love KA CHINGS
sounds….
[01:09 pm] skydiver :
nice jsn13 🙂
[01:09 pm] apple : me
too jsn!
[01:09 pm] khall : that
looks like the CRM chart this
afternoon
[01:09 pm] jsn13 :
especially those that go
non-stop….
[01:10 pm] jsn13 :
maybe we can have some Ka Ching sounds as our
alerts….
[01:10 pm] gregs : lol
jsn
[01:10 pm] eyes : ninja does
that on chart trader
[01:10 pm]
jsn13 : btw how does the audio alert
sound like?
[01:11 pm] joeytsa :
nice
[01:11 pm] apple : love, love
it….
[01:11 pm] jsn13 :
haha…
[01:11 pm] joeytsa : as long
as its not my wife saying ” buy” 🙂
[01:12
pm] skydiver : Okay – have to go — but
impressed — you is the man
Mitch!! Thanks! see you all
in the moring
[01:12 pm] gregs :
take care sky
[01:12 pm] ben4givn :
yeah, already have women’s voice saying
“buy”, but it isn’t about stock.
[01:12
pm] joeytsa : bye sky
[01:12 pm]
apple : haha ben
[01:12 pm]
apple : have fun sky
[01:12 pm]
skydiver : 🙂
[01:12 pm] apple
: love FIRE… just don’t get
burned
[01:13 pm] joeytsa :
funny
[01:14 pm] joeytsa : take your
time and get it right
[01:14 pm]
apple : thx so much MK, truly
appreciate it
[01:14 pm] ben4givn :
thanks Mitch… it looks great
[01:14 pm]
victor51 : Mitch, looks cool. Thanks
and see you
[01:14 pm] jsn13 :
thanks mitch…..looking forward to the
release…
[01:14 pm] gregs : mitch,
the reason i asked about profits is because i
wrote a scanner that tracks all your charts
in NT and gives you a mechanized profit for
each chart… you can sort all the symbols to
see which is doing best… so for lightning,
the ideas is choose the stocks that lightning
is already spitting out trades in
[01:15
pm] gregs : if that makes any sense at
all
[01:15 pm] apple : you are the
man, greg!
[01:15 pm] gregs : still
working out kinks
[01:15 pm] khall :
wow greg… way to go!
[01:15 pm]
gregs : helps me with my trading to
avoid the non-trenders
[01:16 pm]
gregs : will do mitch
[01:16 pm]
gregs : cool definitely sounds like
some synergy there
[01:16 pm] apple
: now all i need to do is get ninja
[01:17
pm] khall : apple, I think you will
like it once you get it up and
running
[01:17 pm] joeytsa : have a
great day Mitch
[01:17 pm] gregs :
take care mitch, everyone
[01:17 pm]
khall : bye Mitch
[01:18 pm]
apple : will do that in a little
while
[01:18 pm] apple : thx
MK, have a fun evening
[01:18 pm]
apple : thx E and everyone. all
have a wonderful evening. see you
tomorrow morning.
[01:18 pm] khall :
you too apple – see everyone
tomorrow
[01:20 pm] eyes : Good
Night Everyone
[01:23 pm] jsn13 :
victor r u still here?
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