[06:28 am] Mitch K: watching JIVE for top to
short
[06:29 am] Mitch K: NOC down
premarket, worth watching today
[06:30 am]
Mitch K: watching NXPI for multiple
trades
[06:30 am] Mitch K: watching
BONT
[06:30 am] Mitch K: MNST worth
watching today
[06:31 am] Mitch K:
monitoring FMER
[06:31 am] Mitch K:
watching IR for bottom
[06:31 am] Mitch K:
watching SHLD for bottom
[06:31 am] Mitch
K: sorry
[06:31 am] Mitch K:
shldshld
[06:32 am] Mitch K: watchign BEAV
for top to short, take time
[06:32 am]
Mitch K: watching OC for bottom
[06:32 am]
Mitch K: watching RES for bottom
[06:33
am] Mitch K: watching NTI for
bottom
[06:33 am] Mitch K: watchign BIDU
for top
[06:34 am] Mitch K: watchign UVXY
for top
[06:34 am] Mitch K: watching SIG
for top
[06:34 am] Mitch K: watching SHLD
closer
[06:35 am] Mitch K: watching SSYS
for bottom
[06:35 am] Mitch K: ORLY best
one so far
[06:35 am] Mitch K: watching
ORLY for bottom to buy
[06:35 am] Mitch K:
watching PM, JAH, SBS for top
[06:36 am]
Mitch K: more downside on LRN
[06:36 am]
Mitch K: monitoring KMT
[06:36 am] Mitch
K: watching AH for bottom
[06:36 am] Mitch
K: SHLD also good chart for long
soon
[06:37 am] Mitch K: watching CAH for
bottom
[06:37 am] Mitch K: watching ROK
for bottom
[06:37 am] Mitch K: monitor
VMW
[06:38 am] Mitch K: low priced:
watching OREX for short
[06:38 am] Mitch
K: looking for $52 area on MNST
long
[06:39 am] Mitch K: watching ANF for
trades today both ways
[06:39 am] Mitch K:
watching TYC for bottom
[06:39 am] Mitch
K: watching NUAN for top to short
[06:40
am] Mitch K: still watching FMER
[06:40
am] Mitch K: watching LTM for
bottom
[06:41 am] Mitch K: watching STX
for bottom
[06:41 am] Mitch K: watching
UNH for bottom
[06:41 am] Mitch K:
watching HUM for bottom to buy
[06:41 am]
Mitch K: watchign WLP for bottom to
buy
[06:42 am] Mitch K: watching PXP for
top to short, good chart,
[06:44 am] Ed :
for Advanced traders monitor LO for any
continued weakness for potential
short
[06:44 am] Mitch K: consider
covering OCR if short
[06:46 am] Mitch K:
PXP top
[06:46 am] Ed : missed the short
in LEN, see if we get a bounce back near
34.27 area see how reacts in that area for
short
[06:47 am] Mitch K: watching QIHU
for top to short
[06:48 am] Mitch K: VMW
should break below 98; watch to
cover
[06:49 am] Ed : if we get bounce in
EQIX monitor 210 area
[06:49 am] Mitch K:
watching CRUS for bottom
[06:51 am] Mitch
K: but dont wait for me to tell you when to
close, im looking for new ideas
[06:51 am]
Mitch K: watch NXPI for sell signal, nothing
yet
[06:52 am] Mitch K: watch BEAV to
cover on bottom of this drop
[06:52 am]
Mitch K: the bounces are weak, shorting the
tops are strong
[06:53 am] Mitch K: watch
PXP for buy signal to cover, more
downside.
[06:54 am] Mitch K: limited
profit potential on PM
[06:54 am] Mitch K:
PM turning over
[06:56 am] Mitch K: no
sell signal on STX yet for long
[06:56 am]
Mitch K: thanks qwert,
[06:56 am] Ed :
monitoring CRUS would like more
selling
[06:57 am] Mitch K: monitoring
CLGX
[06:58 am] Mitch K: SHLD
bouncing
[06:58 am] Mitch K: QIHU
toppy
[07:00 am] Mitch K: STX turning
over, consider selling
[07:00 am] Mitch K:
watching NRG for bottom
[07:02 am] Mitch
K: getting buy signal on CRUS 2 min
chart
[07:02 am] Mitch K: watch CAH for
selling long
[07:07 am] Mitch K: It’s
Obama’s fault
[07:07 am] Mitch K: i was
bad, i did what i told you guys not to
do. on STX long trade, i anticipated
the sell signal, never got one on a 1 min or
2 min, still moving up
[07:07 am] Ed : TSO
looks like tryn to give it up
[07:07 am]
Ed : reducing 3/4 CRUS long
[07:08 am]
Mitch K: still no sell signal on
NXPI
[07:09 am] Mitch K: consider covering
VMW if short
[07:10 am] Mitch K: watching
ENR for bottom, going to take a
while
[07:10 am] Mitch K: monitoring
AMRN
[07:11 am] Mitch K: shorting the tops
is working a lot better than buying bottoms
so far
[07:18 am] Ed : EQIX has been sweet
since premarket
[07:20 am] Mitch K: prob
going to take a while
[07:20 am] Mitch K:
watching for buy signal to cover
BEAV
[07:23 am] Mitch K: watching IR for
2nd helping long
[07:24 am] Mitch K: the
lower it goes the stronger the
bounce
[07:30 am] Mitch K: dont take any
trade suggestions from charts, just
reviewing
[07:30 am] Mitch K: we are going
to review Ed’s crude oil trades before stocks
opened
[07:31 am] Mitch K: 548am pacific
time buy signal $97.33
[07:32 am] Mitch K:
Ed, you mentioned you were long at 846am
eastern time at $97.31 ?
[07:32 am] Mitch
K: sell signal at 6:24am at $98.40 to close
long
[07:33 am] Mitch K: in small blue
circle lower left on chart
[07:33 am]
Mitch K: so thats 2 min before lightning
about same price
[07:33 am] Ed :
yes
[07:33 am] Mitch K: great
entry
[07:34 am] Ed : yes
[07:34 am]
Mitch K: did you have a sell signal at 851am
eastern $97.57? was that the next sell
signal?
[07:35 am] Mitch K: next signal
was a short at 921am eastern (621am
pacific)
[07:35 am] Ed : it took
off
[07:35 am] Mitch K: and then what
happened
[07:36 am] Mitch K: no other
signal for you until 921am?
[07:37 am] Ed
: yes
[07:37 am] Mitch K: you shorted at
$98.48 at blue dot
[07:38 am] Ed : I
closed due stocks opening and short in
EQIX
[07:38 am] Mitch K: thats a good sell
signal, was the closing signal the next
signal or did you close because you knew
stocks were opening?
[07:39 am] Mitch K:
its rare to see this big of move, but
lightinig got 106 ticks in single trade, very
unusual move for CL anyhow in one consecutive
trade
[07:39 am] Ed : wanted to change
focus
[07:39 am] Mitch K: oh ok
[07:40
am] Mitch K: EQIX chingo
[07:40 am] Mitch
K: it always comes down to workload
[07:40
am] Ed : wow, Light v. Ed I lose
[07:41
am] Mitch K: yeah thats $1,060 per contract,
very unusual
[07:41 am] Mitch K: about
$7.40 profit/share
[07:42 am] Ed : so my
trades in CL were $420 per contract. compared
to $1006 per contract
[07:42 am] Mitch K:
for most brokerage firms
[07:42 am] Mitch
K: 1 contract requires about $4000 cash in
your account
[07:43 am] Mitch K: to be a
really complete trader, i think you need to
be proficient at stocks, futures,
forex. take trades from all over,
especially since the stock market has gotten
reduced volume and fewer retail traders in
last few years.
[07:44 am] Ed : Oh Mitch
and I did get 1 trade in eur/usd last night
for $170 per contract
[07:45 am] Mitch K:
we have a lot of plans to improve Lightning
but will release beta version1 in a couple of
weeks. and through time, will keep
improving. also adding other features
that should help you
[07:50 am] Ed : good
eye murano on MCP
[08:00 am] Ed : SPY in
range waiting on fed
[08:03 am] Ed : SPY
new hod
[08:14 am] Mitch K: soda
size
[08:14 am] Mitch K: pretty amazing
state or federal agencies can ban
that
[08:16 am] Mitch K: microshort on
CLF
[08:16 am] Mitch K: watchign IR to
sell 2nd long
[08:18 am] Mitch K: watching
WLL for short here soon
[08:31 am] Ed :
SPY trading at hod
[08:43 am] Ed : less
than 2points so not good trading
candidate
[08:43 am] Ed : This is daily of
ROST, when u look at last 3 days u see range
is small
[08:44 am] Ed : makes
sense
[08:44 am] Ed : important to spot
this so its type of trade u dont want in
lightning or any system totrade
[08:45 am]
Ed : I use as a rule 2point range or
better
[09:01 am] Ed : nice poullback in
SPY
[09:35 am] Ed : nice pop in SPY we
had
[09:40 am] Mitch K: watching TYC for
top to short
[09:52 am] Mitch K: EURUSD
buy signal just now
[09:53 am] Mitch K:
lisas around?
[09:53 am] Mitch K:
silver
[09:56 am] Mitch K: things are
really moving around
[09:56 am] Mitch K:
crude oil
[09:56 am] Mitch K: natural
gas
[09:57 am] Mitch K: 95 tick
short
[09:57 am] Mitch K: look at these
trades in crude oil today
[09:57 am] Mitch
K: sell signal in CL
[09:58 am] Mitch K:
now EURUSD giving a sell signal
[09:58 am]
Mitch K: unusual to have such a quick EUR
trade
[09:59 am] Mitch K: but i try not to
second guess it, causes loss
[09:59 am]
Mitch K: i was surprised to see the EURUSD
give a buy signal so early before it
responded
[10:00 am] Mitch K: ES
[10:00
am] Mitch K: gave big trade 45 min
ago
[10:00 am] Mitch K: let me show you
German index
[10:01 am] Mitch K: even corn
giving trades
[10:01 am] Mitch K: futures,
forex very volatile today, first time ive
looked at someof these contracts
[10:02
am] Mitch K: TNA
[10:03 am] Mitch K: i
have a bunch of settings of variables im
testing joey,
[10:03 am] Mitch K:
YM
[10:04 am] Mitch K: let me change
it
[10:04 am] Mitch K: yeah this is not a
setting here i like
[10:05 am] Mitch K:
this is the profile we will release.
many different settings, trying to watch in
real time which is best for most
people
[10:06 am] Mitch K: i could make
settings ultra sensitive but over time, that
wont make as much money
[10:07 am] Mitch
K: when i have too many charts open, i have
to turn off sound, too many signals. i
prefer fewer signals higher
quality,
[10:08 am] Mitch K: i dont think
you guys should open a lot of charts of
Lightning, just a handful you are interested
in
[10:10 am] Mitch K: pips
[10:10 am]
Mitch K: that was a 49 bip EUR trade in 18
inutes, very unusual
[10:10 am] Mitch K:
sell signal in EURUSD shark
[10:14 am] Ed
: nice bounce in TLT
[10:14 am] Ed :
gwetting pullback in SPY
[10:27 am] Ed :
SPY new hod
[11:00 am] Ed : sure there are
others but speaking of SKUL
[11:00 am] Ed
: just heads up for future, whenever u spot a
very weak stock not participating in STRONG
rally, keep on radar and take it short as
overall markets pullback.
[11:02 am] Mitch
K: good job on CRUS guys
[11:03 am] Ed :
3rd attemt on SPY at this level
[11:04 am]
Ed : SPY another breakout new hod
[11:08
am] Ed : wider view of CLF on 15min 15 day
chart
[11:09 am] Ed : thats the black
chart
[11:14 am] Mitch K: hey you guys,
when you download NinjaTrader, can you write
down you were referred by
TradeStocksAmerica.com?
[11:15 am] Mitch
K: we dont get paid at all, nothing.
but i want to be able to ask for a few favors
once in a while
[11:17 am] Mitch K: also,
there is a procedure to authenticate you
trade through one of their partner-brokers,
maybe about 30 0f them, you wont have to pay
exchange fees, saves you probably 170-220 a
month.
[11:34 am] Ed : getting pullback in
SPY
[11:40 am] Mitch K: hey guys, you want
to reset your computer once a day. dont
keep ninja open day to day without resetting.
will lock up
[11:41 am] Ed : SKUL making
lower lows
[11:42 am] Mitch K: EURo broke
above 130
[12:29 pm] Ed : thx joey
DNB
[12:35 pm] Ed : if u took DNB short
would cover
[12:48 pm] Ed : good eye
murano
[12:51 pm] Ed : lower low on
SKUL
[12:59 pm] Ed : have a great night
traders
| [06:07 am] khall : good morning
all
[06:08 am] qwert : good morning
everyone Eqix up 25.00
[06:10 am] Ed :
whats news on it qwert?
[06:10 am]
qwert : havnt checked yet
[06:10 am]
shark : saw that qwert
[06:11 am]
mikewd2 -: good morning traders
[06:12 am]
eyes : I dont understand the
news
[06:13 am] mikewd2 -: its converting
to REIT, similar to what WY did i
guess
[06:13 am] Ed : great way to start
the day
[06:13 am] qwert :
yeah
[06:13 am] mikewd2 -: u short
Ed?
[06:14 am] Ed : not anymore
[06:14
am] Ed : all out
[06:14 am] mikewd2 -:
nice
[06:15 am] Ed : see if CL can hold
the 98 level on daily
[06:16 am]
shark : Equinix approves plan to pursue
REIT conversion
[06:18 am] mikewd2 -: i
would think it would sell off some
more
[06:18 am] skydiver : gm
all
[06:18 am] shark :
why?
[06:19 am] eddy : gm
all
[06:19 am] mikewd2 -: just based on
the hugh jump way above hoy
*** austria -,
Welcome to the TradeStocksAmerica Live
Trading Room
[06:19 am] mikewd2 -: and
people sell on the news haha
[06:20 am]
jolliffboy : GM Mitch and Ed.
Question…no comments showing up in top part
of trading room from you guys (the yellow
comments section) What’s up? Am I missing
something?
[06:23 am] mikewd2 -: kind of
though apple might sell off some overnight,
based on most that came out yesteday was
already expected
[06:23 am] mikewd2 -:
fortunately i didn’t buy puts
[06:26 am]
shark : 🙂
[06:35 am] mikewd2 -: is
UVXY shortable?
[06:36 am] chinhngo
: jah hod
[06:37 am] mikewd2 -: no shares
of UVXY at TS
[06:38 am] apple : gm
morning to all alert traders
[06:39 am]
mikewd2 -: covered EQIX S in 210.75 out
206.22
[06:39 am] victor51 : gm
all
[06:40 am] victor51 : Mike,
great start…
[06:40 am] rusty :
gm
[06:40 am] rusty : covered
balance of PPHM +.5
[06:40 am] Ed : nice
trade mike
[06:41 am] rusty :
watching HEK based on daily chart
[06:41
am] apple : thx rusty, gm
[06:41 am]
chinhngo : short jah
[06:45 am]
apple : thx E
[06:47 am] mikewd2 -:
TSO battling 40
[06:47 am] shark :
EQIX is a buyable gap up
[06:49 am]
apple : thx sharak
[06:50 am]
apple : shark
[06:50 am] mikewd2 -:
AAPL at support pivot
[06:51 am]
apple : got it, MK, thx
[06:55 am]
apple : crude inventories at
10:30
[06:55 am] qwert : monitoring
SINA
[06:58 am] eyes : NOC
[06:59
am] mikewd2 -: no QIHU short shares
TS
[07:01 am] khall : none at IB
either mike
[07:01 am] khall : NOC
trying to bounce
[07:01 am] rusty :
covered VICL s from gap up
[07:01 am]
rusty : sorry didnt mention initial
short couldnt log on
[07:02 am]
skydiver : thnx qwert for SINA
–
[07:04 am] qwert : :))
[07:04
am] shark : SPY new hod
[07:06 am]
mikewd2 -: TSO
[07:07 am] shark :
ouch, M
[07:07 am] rusty :
🙂
[07:07 am] khall : LOL
[07:07
am] shark : haha
[07:08 am] mikewd2
-: covered TSO S 39.35
[07:08 am] mikewd2
-: another nice ride down
[07:08 am]
rusty : rinse and repeat
[07:08 am]
mikewd2 -: yep
[07:08 am] rusty :
8000 stocks in cramers head, 4 in
mine
[07:09 am] rusty : including
TSO
[07:09 am] mikewd2 -: EQIX slowing
heading south
[07:10 am] shark :
GOOG res @R1
[07:11 am] khall : ORLY
interesting… consolidating?
[07:11 am]
rusty : watching HEK for move
up
[07:11 am] shark : yeah,
mike
[07:11 am] shark : held off on
shorting put
[07:13 am] mikewd2 -: back in
EQIX short
[07:14 am] chinhngo :
short more jah at 54.0
[07:18 am]
ben4givn : mnst turing over
[07:18
am] khall : sweet apple
buttah
[07:18 am] rusty : PPP radar
based on daily chart
[07:18 am]
rusty : JOE similar
[07:18 am]
aussie123 : Rusty…you are pretty
good…but I challenge you to find a stock
that is not in Cramers charitable
trust
[07:19 am] rusty :
lol
[07:19 am] shark :
hahaha
[07:19 am] mikewd2 -: lol
[07:19
am] rusty : 8000 stocks in his head,
strong buy on 7999 of them
[07:19 am] Ed :
lol
[07:19 am] qwert :
hahaha
[07:19 am] Ed : good 1
aussie
[07:19 am] apple : too
funny
[07:19 am] shark : so market
going down?
[07:20 am] aussie123 :
the guy drives me up a wall
[07:20 am]
skydiver : monitoring NFLX
[07:21
am] rusty : HFC radar
[07:21 am]
rusty : NOC radar
[07:21 am]
ben4givn : watching anr for
top
[07:21 am] rusty : ENR
radar
[07:22 am] apple : ben type
the symbol in caps easier to read
[07:22
am] rusty : DLPH radar
[07:22 am]
apple : thx
[07:22 am] apple :
thx rusty
[07:22 am] rusty : ITMN
radar
[07:24 am] mikewd2 -: out of AMRN
short, small profit
[07:24 am] shark
: 🙂
[07:25 am] rusty : watching
CTIC for another s if it pops
[07:25 am]
rusty : 3.50+
[07:26 am] apple
: nice rusty
[07:26 am] chinhngo :
buy cover rrc couple days ago
[07:26 am]
mikewd2 -: DANG moving up
[07:27 am]
mikewd2 -: 6%
[07:27 am] mikewd2 -: low
priced stock
[07:27 am] mikewd2 -: good
vol stock
[07:27 am] eyes : noc any
thoughts
[07:28 am] shark : KORS
initiated at citi as a buy
[07:28 am]
mikewd2 -: looking to short EQIX at top of
bounce
[07:30 am] shark :
Greeeaaattt
[07:31 am] apple : thx,
that would be helpful
[07:31 am]
apple : wow
[07:31 am]
chinhngo : what is entry of short eqix
please?
[07:32 am] mikewd2 -: chin i took
it at 205.00
[07:32 am] mikewd2 -: i have
a $1 stop
[07:33 am] mikewd2 -: TSO
lod
[07:33 am] shark :
sweeeet
[07:33 am] mikewd2 -: VLO selling
off also, another refiner
[07:34 am]
chinhngo : thank mike
[07:35 am]
mikewd2 -: lower low on russell
[07:36 am]
rusty : NOC radar lod
[07:36 am]
mikewd2 -: AAPL, not near the mover today as
yesterday afternoon
[07:36 am]
chinhngo : short 500 eqix at
204.10
[07:38 am] mikewd2 -: chin you
didn’t like the top of that bounce?
[07:40
am] qwert : What time do you start
trading Ed
[07:40 am] Ed : i start at
7:45
[07:40 am] qwert : How much
money is that Mitch
[07:40 am] rusty
: XEL radar
[07:40 am] Ed : thats $1006
per contract
[07:40 am] apple :
boatload
[07:40 am] mikewd2 -:
wow
[07:40 am] qwert : wow
[07:41
am] qwert : Ed having a great
day
[07:42 am] skydiver : wow – and
I thought if I made $1,000 per day, I was
doing great 😉
[07:42 am] rusty :
Will LIGHTNING be taking us to lunch with
those CL profits?
[07:42 am] apple :
haha
[07:42 am] qwert : yeah im
hungry now
[07:42 am] skydiver :
nice one rusty 🙂
[07:43 am]
skydiver : time to move goals higher
for each day 🙂
[07:43 am] rusty :
Can I marry LIGHTNING?
[07:43 am]
skydiver : good point Mitch
[07:43
am] qwert : hahaha rusty
[07:43 am]
Ed : Im 1st rusty
[07:43 am] apple :
you’re already married
[07:43 am] Ed : I
agree Mitch
[07:43 am] rusty : take
a number Ed
[07:44 am] apple :
nice
[07:44 am] mikewd2 -: added to short
on EQIX 205.18
[07:45 am] skydiver :
SODA – take over chatter
[07:45 am]
eyes : SODA news
[07:46 am] mikewd2
-: watching TSO
[07:47 am] chinhngo
: bought cover jah
[07:47 am]
mikewd2 -: covered half EQIX 202.30
[07:48
am] skydiver : mike – EQIX is your
friend today 🙂
[07:48 am] khall :
nice trade mike
[07:49 am] skydiver
: Looking forward to Lightning Mitch — thnx
for your hard work 🙂
[07:49 am]
murano : MCP
[07:49 am] eyes :
MCP up
[07:49 am] rusty : CHINA CUTS
RARE-EARTH MINING LICENSES 40%
[07:49 am]
skydiver : MCP up – China cut rare
earth licenses by 40 percent
[07:49 am]
chinhngo : bought cover eqix at 202.0
thank mr mike
[07:49 am] mikewd2 -:
covered EQIX 201.95 all out
[07:50 am]
eyes : MCP
[07:50 am] mikewd2 -:
nice chin
[07:50 am] rusty : nice
mike
[07:51 am] mikewd2 -:
thanks
[07:53 am] eyes : S MCP .49
out .38
[07:55 am] skydiver : Been
fun watching the pro’s work today – I had 5
wins and one be today — a good day — thnx
Mitch, Ed, and all you great traders.
SEe you tomorrow 🙂
[07:56 am] Ed : nice
going sky
[07:56 am] khall : see you
tomorrow sky
[07:56 am] skydiver :
🙂
[07:57 am] apple : have fun
sky!
[07:57 am] rusty : Does
LIGHTNING do laundry?
[07:58 am]
rusty : I will marry her even if she
doesnt but just want to know
[07:58 am] Ed
: only in sumer
[07:58 am] rusty :
chute
[07:59 am] apple :
haha
[08:00 am] apple : when is
announcement?
[08:01 am] qwert :
9:30
[08:01 am] qwert :
pst
[08:01 am] apple : 1230 EST,
thx
[08:02 am] mikewd2 -: back in EQIX S
203.07
[08:02 am] mikewd2 -: in a nice
down trending channel
[08:03 am]
rusty : NOC bouncing
[08:05 am]
rusty : sold NOC +.4
[08:05 am]
mikewd2 -: good one rusty
[08:06 am]
chinhngo : mike i follow to you short
eqix at 202.00
[08:07 am] eddy : is
the fed decision in one hour?
[08:07 am]
mikewd2 -: coverered 201.09 +2.00
[08:07
am] rusty :
http://blogs.wsj.com/economics/2012/09/13/tim
eline-how-markets-respond-to-fed-action/tab/i
nteractive/?source=email_rt_mc_body&i
fp=1
[08:09 am] khall : thanks
rusty
[08:10 am] chinhngo : bought
cover eqix make 1500.00 so far thank mr
MIKE
[08:11 am] murano :
WLL
[08:11 am] rusty : LUNCH ON CHIN
today
[08:11 am] khall : great
chin
[08:12 am] apple : sounds great
to me
[08:12 am] mikewd2 -: nice one
murano
[08:12 am] Ed : nice Mr.
chin
[08:12 am] apple : great job
chin and mike
[08:12 am] eyes : Any
thoughts on rost
[08:12 am] victor51
: Nice Chin
[08:13 am] mikewd2 -: Ban on
large Size soda’s in NYC passed
[08:13 am]
mikewd2 -: starts in 6 months
[08:13 am]
rusty : CUR radar
[08:14 am]
apple : pretty funny about the
soda… mayor mom
[08:15 am] mikewd2
-: EQIX broke 200
[08:15 am] apple :
bloomberg is influential!
[08:16 am]
apple : he started the no smoking
ban
[08:16 am] mikewd2 -: CJES knocking on
21
[08:16 am] mikewd2 -: 50.86 S
WLL
[08:17 am] mikewd2 -: stop above
51
[08:18 am] chinhngo : SHORT 1000
WLL AT 50.73
[08:18 am] mikewd2 -: you
scare me CHIN
[08:18 am] mikewd2 -: MCP
hod
[08:20 am] apple : chin always
goes big
[08:21 am] mikewd2 -: stopped on
WLL
[08:22 am] apple : ES
1439
[08:23 am] rusty : Mitch, where
is chin from again?
[08:23 am] rusty
: 🙂
[08:24 am] rusty : Chin is a
trading machine
[08:24 am] mikewd2 -:
california i think he said
[08:25 am]
joeytsa : my chart must be off, i have
it near 1432?
[08:25 am] apple : he
is from orange county
[08:25 am] mikewd2
-: i have 1432.25 joey
[08:25 am] mikewd2
-: never got to 1439
[08:25 am]
joeytsa : my chart must be off, i have
the ES @ 1432
[08:26 am] mikewd2 -: hi
1432.75
[08:26 am] apple : it is
trading at 1439
[08:27 am] mikewd2 -: not
according to etrade or TS
[08:27 am]
joeytsa : hmm, i have 3 charts all
saying right near 1432..im on ninja
[08:27
am] apple : i am in it right
now….
[08:27 am] joeytsa : so am
i
[08:27 am] mikewd2 -: might be higher in
new york
[08:27 am] apple :
right
[08:27 am] mikewd2 -: that are later
– haha
[08:28 am] joeytsa : apple:
what contract are you looking at?
[08:28
am] apple : ESu12
[08:28 am] mikewd2
-: EQIX has given up about 50% of
move
[08:28 am] joeytsa : im using
the december contract
[08:29 am]
joeytsa : rollover was today
[08:29
am] apple : funny and on a plain ES
chart it says 1432.25
[08:29 am] mikewd2
-: mine is dec ’12 also
[08:29 am]
apple : i will change then
[08:29
am] joeytsa : yeah do that
[08:29
am] Ed : mine is after dec but b4
jan
[08:29 am] mikewd2 -: MCP still moving
up
[08:30 am] joeytsa : 🙂
[08:30
am] eyes : does cl roll over today as
well
[08:30 am] joeytsa : no, i
think thats somewhere around the 21st of each
month
[08:30 am] rusty : Z
radar
[08:30 am] joeytsa : im not
sure of the exact date each month
[08:31
am] rusty : YM and ES gonna
roll
[08:31 am] ben4givn : stopped
on wll
[08:31 am] khall : all out of
IR long
[08:31 am] joeytsa : eyes: i
think the Cl contract rolls over 8 days b4
the end of the contract
[08:32 am] mikewd2
-: out some CJES 21.15
[08:32 am] Ed :
right I will trade new month starting next
week for CL
[08:32 am] apple : thx
E
[08:32 am] joeytsa : yeah, i knew
it was the 3rd week usually, never knew the
rule though
[08:32 am] chinhngo :
SPY GO UP BUT UVXY NOT GO DOWN MUCH SO THAT
MEAN FUTURE GO DOWN
[08:32 am]
victor51 : MCP long 12.45. Mike, Next
daily res. at 14
[08:32 am] rusty :
http://www.tickdata.com/support/futures-data-
support/roll-dates/
[08:33 am] mikewd2 -:
no short shares of MCP at etrade
[08:33
am] mikewd2 -: or at TS
[08:33 am]
joeytsa : on L list at
lightspeed
[08:34 am] joeytsa :
could be chinhngo, not sure
[08:35 am]
mikewd2 -: VIX not moving much
today
[08:36 am] mikewd2 -: chin you out
of WLL?
[08:37 am] eyes : any
thoghts on rost
[08:37 am] mikewd2 -:
victor, wasn’t necessarily going to short MCP
– just checking for shares, I’m also long
from a few days ago on swing.
[08:37 am]
Ed : range is too small on ROST
[08:37 am]
eyes : ty
[08:38 am] mikewd2 -: but
i wrote covered calls so stuck until
friday
[08:38 am] Ed : just for lesson
when u look at daily u see days of tight
range of trading
[08:39 am] eyes :
Got it
[08:39 am] khall : thanks
Ed
[08:43 am] apple : thanks
E
[08:44 am] eyes : yes it
does
[08:44 am] victor51 : Ed, you
meam last three days tight range on
ROST?
[08:45 am] Ed : right mentioned
that
[08:45 am] khall : got
it
[08:46 am] victor51 : Thanks
Ed
[08:46 am] chinhngo : LET GAMBLE
BUY UVXY AT 35.77
[08:48 am] mikewd2 -:
chin your out of WLL short right?
[08:48
am] joeytsa : out WLL
[08:49 am]
victor51 : Ed, you mean day trading
with min. spread 2?
[08:49 am] mikewd2 -:
was thinking about trying short again here,
but didn’t
[08:49 am] joeytsa : good
rule to use Ed
[08:49 am] joeytsa :
yeah mike, i didnt short, but looks like a
better spot
[08:49 am] joeytsa :
move up on neg div
[08:50 am] rusty
: ENR analyst defending
[08:50 am]
eyes : jcp new low
[08:50 am]
joeytsa : still might be easier to just
wait for the pullback and then go
long
[08:50 am] eddy : in how long
is bernake speaking?
[08:50 am] Ed : min
trading range like stock trades 30 to
32
[08:50 am] mikewd2 -: they defined the
bunny
[08:50 am] mikewd2 -: yeah i don’t
like shorting oils anyway, other than
refiners
[08:51 am] Ed : teenie weenie
stocks tad different but will not get into
that as I dont trade many of those
[08:51
am] eyes : JCP breaking below 200 on
daily
[08:51 am] mikewd2 -: you talking
prior day movers of 2 or more, Ed?
[08:51
am] joeytsa : Ed, do you widen your atr
minimum at certain stock price
levels?
[08:52 am] Ed : avg range speaking
of
[08:52 am] chinhngo : OIL GO
ALONG WITH GOLD
[08:52 am] Ed : but one
should also be able to spot it by taking
quick glance at daily
[08:52 am] Ed : or
atleast train there eyes
[08:53 am]
joeytsa : right, but do you look for a
5pt atr on stocks over $100, or just stick
with $2 atr
[08:53 am] joeytsa : adr
i mean, not atr
[08:53 am] Ed :
right joey i mentioned yesterday speaking of
stock 70 to 20 like that 2 ATR
[08:53 am]
mikewd2 -: do many stocks trade an adr of
$2?
[08:53 am] joeytsa :
gotya
[08:54 am] Ed : so yea those over
has to be worth bang for buck
[08:54 am]
joeytsa : yeah, i like a min of
$2..just has to be wide enough to cut
into
[08:54 am] Ed : great question mike,
i just know all the ones i trade do for most
part
[08:54 am] eddy :
UVXY
[08:55 am] mikewd2 -: ok, i look at
prior day movers for $1.5
[08:55 am]
mikewd2 -: as watchlist
[08:55 am] mikewd2
-: ken calhoun method
[08:55 am]
joeytsa : higher priced ones
do
[08:55 am] Ed : so like a behemonth
like appl u want that range to be atleast 8
to 10 points
[08:55 am] mikewd2 -:
right
[08:56 am] joeytsa : makes it
hard to scalp a stock if it only wiggles
40cents a day
[08:56 am] Ed : right mike,
without rules one would trade any
range
[08:56 am] Ed : like .02
[08:56
am] Ed : that only makes sense if ur tading
million or more shares like mike does at
times
[08:57 am] apple : or
chin
[08:57 am] joeytsa : but some
people can play those profitably, im not one
of them
[08:58 am] mikewd2 -: WLL short
was better this time, didn’t take
it
[08:58 am] Ed : so in nutshell was just
sharing with newbies how I approach it. Be
good to develop that also as part of rules
what u will/will not trade
[08:58 am]
joeytsa : looks like it might set up a
buy
[08:58 am] joeytsa : good
point Ed
[08:59 am] mikewd2 -: EQIX
bounced of 199.00 a bit
[09:00 am]
chinhngo : SOLD UVXY AT 36.10
[09:00
am] mikewd2 -: WLT turned over
nicely
[09:02 am] joeytsa : 1430 on
ES will form a nice upside down cup
[09:02
am] rusty : 1
CUR Neuralstem Cells
Induce Significant Functional Improvement In
Permanent Rat Spinal Cord Injury, Cell Study
Reports
[09:02 am] mikewd2 -: nice trade
on UVXY, chin – just be careful with that guy
it can go against you quickly
[09:02 am]
rusty : love when news is posted after
a stock runs
[09:02 am] rusty : re
CUR
[09:04 am] chinhngo : thank mike
uvxy just day trading
[09:04 am] mikewd2
-: nice move on it
[09:05 am] mikewd2 -:
head and shoulder forming on WLL?
[09:05
am] joeytsa : maybe?
[09:05 am]
mikewd2 -: need a bounce to 51
[09:05 am]
joeytsa : sometimes i cant see them
haha
[09:06 am] mikewd2 -: apple pretty
tight range
[09:07 am] joeytsa :
she’s been walking a lot 🙂
[09:07
am] apple : haha
[09:08 am] mikewd2
-: i wouldn’t be surprised to see market sell
off regardless of what fed does.
[09:08
am] mikewd2 -: if qe3 happens, it was
expected
[09:08 am] eyes : Heres a
question My internet explorer crashes pretty
often do you all have a better one to
recommend
[09:08 am] mikewd2 -: if qe3
don’t then that’s bad also
[09:08 am]
apple : firefox
[09:08 am]
apple : i started using it because of
the chat room
[09:08 am] mikewd2 -:
firefox is pretty good and reliable, i use to
use it
[09:08 am] mikewd2 -: i think the
TSA program is what crashes us
[09:09 am]
rusty : HEK coming to papa
[09:09
am] joeytsa : what version os IE are
you running?
[09:09 am] joeytsa : of
not os
[09:09 am] rusty : try
chrome
[09:09 am] eyes : i use that
for the room so how do i get rid of internet
explorer
[09:09 am] eyes : i dont
know joey
[09:09 am] rusty : u can
run IE and Firefox
[09:09 am] rusty
: dont have to uninstall
[09:09 am]
joeytsa : i think im still on 8?, i
cant remember last time i upgraded
it
[09:10 am] rusty : just change
your default browser to firefox
[09:10 am]
victor51 : Firefox is fine but when I
chat with TS technician, i have to
switch to Explorer
[09:11 am] rusty
: some chats are a little finicky with
firefox
[09:11 am] apple : right,
rusty
[09:11 am] apple :
agree
[09:11 am] rusty : victor u
have a TS technician? wow
[09:11 am]
rusty : how do u know?
[09:11 am]
eyes : so how do i check my
version
[09:11 am] rusty :
IE?
[09:12 am] eyes : yes
[09:12
am] rusty : go to
help——>about
[09:12 am] mikewd2
-: right shoulder rising on WLL
[09:12 am]
eyes : explorer 9
[09:13 am] mikewd2
-: you running in 64-bit IE or
32-bit?
[09:13 am] rusty : Firefox
also had some addons that will emulate
IE
[09:13 am] mikewd2 -: i was having
issues with some things in 64-bit
[09:13
am] rusty : if necessary
[09:14 am]
joeytsa : ORLY testing $82
support
[09:15 am] mikewd2 -: CLF
lod
[09:15 am] mikewd2 -: didn’t see Ed
has chart up
[09:15 am] chinhngo :
bought uvxy
[09:15 am] joeytsa : AGQ
took a bit of a dip last candle
[09:16 am]
victor51 : Rusty, i mean when i have
conference call with them to resolve issues.
They are very helpful.
[09:16 am] mikewd2
-: UVXY hod
[09:16 am] mikewd2 -: actually
not, open it was high
[09:16 am] mikewd2
-: actually not, open it was high
[09:16
am] eyes : not shur
[09:17 am]
eyes : mike how do i check
[09:17
am] chinhngo : sold uvxy at
36.45
[09:17 am] victor51 : Ed,
what’s min. volume /min look on daily
/
[09:17 am] joeytsa : been watching
GS coming into this announcement
[09:18
am] joeytsa : slow drift down, small
move though, dbl bottom at $118
[09:18 am]
mikewd2 -: 3rd day in row YOKU provided 5% or
more jump from lod
[09:19 am] Ed : dont
understand question vic
[09:19 am]
victor51 : With 2 points do you also
look min. volume??
[09:19 am] mikewd2 -:
min daily volume ED, like 750K, 1 million
shares
[09:20 am] Ed : ohhh
[09:20 am]
mikewd2 -: on our finviz scanner you guys
mentioned 750K in our webinar
[09:20 am]
Ed : i like min. of 750k vol
[09:20 am]
mikewd2 -: brent or kris or mitch
[09:20
am] mikewd2 -: yeah
[09:20 am] Ed : on
daily
[09:20 am] apple :
right
[09:20 am] chinhngo : bought
cover rrc at no more6959
[09:21 am] Ed :
is that what they liked also
[09:21 am]
mikewd2 -: yes
[09:21 am] Ed : well i like
751,000 then
[09:21 am] Ed : just
kiding
[09:21 am] joeytsa :
haha
[09:21 am] victor51 : Ok I will
use 750 to 1.0 mil
[09:21 am]
joeytsa : dont you mean 750,001
for your 1 share?
[09:21 am] mikewd2 -:
right shoulder consolidating on WLL
[09:21
am] eyes : CL at open
[09:21 am] Ed
: lol
[09:22 am] Ed : right
[09:22 am]
joeytsa : GS moving up now
[09:22
am] joeytsa : 2pt bounce on ES
also
[09:23 am] joeytsa : tighten if
shorted ORLY
[09:23 am] mikewd2 -: nice
jump in FST today
[09:24 am] Ed : nice one
joey on ORLY
[09:25 am] joeytsa :
thanks
[09:25 am] rusty : One day
after he was roundly criticized by both
parties for his comments about Libya,
Republican Presidential nominee Mitt Romney
attempted to burnish his foreign-policy
credentials today, telling reporters that “no
one has spent more time overseas than my
money has.”
[09:26 am] joeytsa :
haha
[09:26 am] Ed : lol
[09:26 am]
qwert : lol
[09:26 am] joeytsa
: seriously romney vs 0bama..thats our
choice…really???
[09:26 am] apple
: lol
[09:27 am] apple : really,
joey
[09:27 am] joeytsa : 0bama was
here yesterday
[09:28 am] rusty : in
TSA?
[09:28 am] rusty : does he
trade?
[09:29 am] joeytsa : actually
think he was partying with prince harry and
doji 😉
[09:29 am] apple :
haha
[09:29 am] shark : 🙂
[09:30
am] joeytsa : ORLY right back to
$82
[09:31 am] eddy : wow
spy
[09:31 am] eddy : wat
happened?
[09:31 am] mikewd2 -:
UVXY
[09:31 am] joeytsa :
bang
[09:32 am] joeytsa : $1 jump in
GS too
[09:32 am] rusty : Fed no
chg
[09:32 am] cowboyh : Did Obama
just die??
[09:32 am] mikewd2 -: stopped
on WLL short again, done with that
one
[09:32 am] shark : “downward
pressure on interest rate”
[09:33 am]
mikewd2 -: oils moving
[09:33 am]
shark : AAPL testing R2
[09:33 am]
mikewd2 -: in UVXY
[09:33 am] shark
: AGQ up 4% on news
[09:33 am] rusty
: ok now we got QE
[09:34 am] rusty
: now what
[09:34 am] shark : buy
hard assets, inflation coming
[09:34 am]
joeytsa : shark: inflatation first or
after some stagflation?
[09:35 am]
joeytsa : inflation not inflatation
hha
[09:35 am] shark : helicopter
ben doing better than the bank robbers in LA
from yesterday
[09:35 am] rusty :
lol shark
[09:36 am] joeytsa :
decent pullback also
[09:36 am] mikewd2 -:
in UVXY 33.95 out 35.00
[09:36 am]
joeytsa : GS right back to where it
popped from
[09:37 am] rusty : Dow
as well
[09:37 am] joeytsa : yeah,
what a game haha
[09:37 am] khall :
absolutely
[09:37 am] rusty : QE3
biggest kept secret since white
bread
[09:38 am] qwert :
haha
[09:38 am] shark :
lol
[09:38 am] joeytsa : ben’s
firing all his bullets
[09:39 am]
eddy : mike wud u go for uvxy again
long
[09:39 am] khall : maybe he
feels his days are numbered and wants to go
out with a bang
[09:39 am] mikewd2 -: i
don’t plan on playing UVXY again
[09:39
am] mikewd2 -: that was a one hit wonder,
hate that stock
[09:39 am] rusty :
hope ben has gun pointed away from
him
[09:39 am] eddy : lol i thought
u were the uvxy expert
[09:40 am]
eddy : 🙂
[09:40 am] mikewd2 -:
issue is VIX futures are out at 19 or so,
when this months UVXY has to reup, the stock
will go down again some.
[09:40 am]
mikewd2 -: that happens ever month
[09:40
am] mikewd2 -: remember we are in the 2nd
reverse split this year
[09:40 am]
eddy : ya i know
[09:41 am]
eddy : but it provides such continous
volatility
[09:41 am] mikewd2 -: its
volatile for sure
[09:41 am] mikewd2 -:
just don’t think it traces the VIX
truely
[09:43 am] eddy : wow look at
it now broke support and sinking
[09:46
am] rusty : BKX hod
[09:46 am]
shark : GLD having a pocket
pivot
[09:46 am] mikewd2 -: completely out
of CJES 21.15
[09:47 am] shark
: SLV, AGQ nice too for poss swings
[09:47
am] mikewd2 -: wow AGQ had a nice
jump
[09:53 am] shark : AGQ testing
R1 support
[09:54 am] shark : thx
MITCH, closing my short EUR/USD
[09:54 am]
mikewd2 -: apple dropping
[09:55 am]
shark : apple or AAPL?
[09:55 am]
mikewd2 -: both
[09:55 am] shark :
lol
[09:55 am] qwert :
haha
[09:56 am] rusty : selling 1/3
BAC swing long
[09:57 am] shark :
sweeeet, Mitch
[10:02 am] joeytsa :
CL gave wrong signal?
[10:03 am]
joeytsa : or was that a sell to close
the long on CL?
[10:03 am] joeytsa :
gotya
[10:05 am] apple :
magician
[10:06 am] joeytsa :
right
[10:06 am] apple : take the
noise out… we can also read the chart and
its signals
[10:07 am] apple :
sounds like a good lan
[10:07 am]
joeytsa : your office will sound like a
vegas casino
[10:07 am] apple :
plan
[10:07 am] shark :
hahaha
[10:07 am] shark : with lots
of jackpots ringing
[10:07 am] khall
: 🙂
[10:07 am] khall : happy
sound
[10:07 am] shark : and only
two hands to pick up the chips with
[10:08
am] joeytsa : and Ed bringing him free
drinks in a skirt 🙂
[10:08 am]
khall : maybe we can rig up lights on
the tops of our monitors as well
[10:08
am] shark : rofl
[10:08 am]
apple : and heels
[10:08 am]
shark : yessss, khall
[10:08 am]
khall : do we have to tip Ed?
[10:08
am] shark : yeah, 1 share
each
[10:08 am] joeytsa :
haha
[10:08 am] khall :
LOL
[10:09 am] Ed : i love tips
[10:09
am] shark : “buy gold”, Ed
[10:09
am] Ed : great tip
[10:10 am] apple
: ok
[10:12 am] rusty : CUR
ho
[10:12 am] rusty : d
[10:13
am] chinhngo : bought 2000 tza at
14.10
[10:14 am] mikewd2 -: day or swing,
chin?
[10:14 am] chinhngo : day
trade
[10:18 am] eyes : any thoght
on LEN
[10:18 am] shark : nice long
term chart, eyes
[10:19 am] shark :
extended over 10day ma
[10:19 am]
apple : i mentioned LEN yesterday had a
nice move
[10:19 am] shark :
🙂
[10:20 am] shark : love the pent
up housing story
[10:20 am] shark :
FB new hod
[10:21 am] khall : CLF
with a nice move up i the last hour
[10:33
am] mikewd2 -: MLNX at hod
[10:33 am]
rusty : VXX lod
[10:33 am] mikewd2
-: EQIX didn’t rally with the
market
[10:34 am] chinhngo : bought
more 1000 tza at 13.84
[10:34 am] mikewd2
-: YOKU another 5% move since the
news
[10:34 am] mikewd2 -: there’s a
bottom at some price chin
[10:34 am]
mikewd2 -: maybe!
[10:36 am] eyes :
SKUL alert
[10:41 am] rusty : CUR
looks like short capitulation
[10:42 am]
Ed : i would be tad skeptical on long for
SKUL, strong day and its weak
[10:43 am]
rusty : Big Ben news conference coming
up shortly
[10:43 am] rusty : CLF
radar
[10:43 am] Ed : at this rate i think
AAPL will be 1st stock to make it to the
moon
[10:43 am] rusty : and ur
anus
[10:43 am] rusty : ?
[10:43
am] Ed : lol
[10:44 am] Ed : only rusty
could think of such
[10:44 am] mikewd2 -:
news on CLF is they expect to keep
dividend
[10:44 am] rusty : true,
rusty is a piece of work
[10:45 am] Ed :
someone use to be in room that would play
dividend stocks
[10:45 am] khall :
ahh, thanks Mike
[10:45 am] chinhngo
: short clf at 43.18
[10:45 am] mikewd2 -:
i think there was big talk of liquidity
issues with CLF
[10:45 am] rusty :
CUR nhod
[10:49 am] rusty :
http://www.businessinsider.com/ronald-perelma
n-suing-larry-gagosian-over-jeff-koons-popeye
-2012-9
[10:51 am] mikewd2 -: MCP
hod
[10:53 am] chinhngo : sold tza
at 13.95
[10:53 am] mikewd2 -: CLF S
43.10
[10:54 am] mikewd2 -: stop
43.3
[10:55 am] mikewd2 -: TSO
turning?
[10:55 am] rusty :
x
[10:55 am] rusty : worth a short
here
[10:55 am] rusty : CLF
also
[10:56 am] rusty : whole sector
acting similar
[10:56 am] eyes :
bidu
[10:56 am] mikewd2 -: dang TSO
dropped as i was entering order
[11:00 am]
rusty : u scared it mike
[11:01 am]
Ed : it was afraid of 12th man
[11:01 am]
mikewd2 -: it better be
[11:01 am] mikewd2
-: haha
[11:02 am] mikewd2 -: CLF short
not looking good
[11:03 am] rusty :
Bernanke coming up
[11:03 am] eyes :
Clf at a 4 dsay high
[11:04 am] eyes
: 3 day
[11:05 am] mikewd2 -: WLT nice
move up
[11:05 am] chinhngo : clf
stopped out
[11:05 am] mikewd2 -: stopped
on CLF
[11:06 am] mikewd2 -: can’t win
them all chin
[11:06 am] rusty : low
was 34’s
[11:06 am] rusty : give a
little wider stop imo
[11:06 am]
eyes : NEM
[11:08 am] chinhngo
: short clf again at 43.34
[11:08 am]
mikewd2 -: that WLL short off head/shoulder
would have worked, got into to
early
[11:09 am] apple : we see
it
[11:10 am] mikewd2 -: WLT bumping up
against 37.00
[11:10 am] apple : FNV
moving
[11:15 am] apple : i did
that
[11:15 am] mikewd2 -: that’s what i
put Mitch
[11:15 am] rusty :
BenSpeaking
[11:15 am] apple : of
course
[11:16 am] mikewd2 -: WFT broke
thru 13
[11:16 am] mikewd2 -: reducing
long position
[11:17 am] mikewd2 -:
understand mitch
[11:17 am] mikewd2 -: i
think big ben, said we would just print more
money to pay for this QE3
[11:18 am]
chinhngo : yes i will do what you
asking for mr mitch
[11:18 am] mikewd2 -:
CHIN CLF strong
[11:18 am] mikewd2 -: EQIX
moving
[11:20 am] chinhngo : yes i
am underwater now for clf may be will hold
overnight
[11:21 am] Ed : uhh ohh look out
hard assets and inflation. I will ride my
bike now
[11:22 am] Ed : joey can ride his
horse
[11:23 am] rusty : Ignore the
man behind the curtain
[11:23 am] Ed : “if
I only had a brain”
[11:24 am] Ed : wizard
of oz, man behind that curtain
[11:24 am]
mikewd2 -: that was obama with a
stick
[11:25 am] Ed : lol
[11:25 am]
mikewd2 -: UVXY tanking
[11:25 am] mikewd2
-: will need a reverse split again
soon
[11:35 am] shark : i show a
small pullback, Ed
[11:36 am] shark
: nevermind
[11:36 am] Ed : what size u
order??
[11:36 am] shark : was
confusing with your 11:04am post
[11:37
am] shark : did you go long EUR/USD,
around 12:55am , Ed?
[11:37 am] Ed : ok.
sounds like u ordered extra small
[11:37
am] shark : haha
[11:37 am] Ed : no,
did not take that trade I wish
though
[11:37 am] Ed : u take
it?
[11:38 am] shark : closed my
short, only
[11:38 am] Ed : what time zone
u in?
[11:38 am] shark :
Pacific
[11:39 am] Ed : how u like trading
currencies, lot of fun?
[11:39 am]
shark : 🙂 LOVE IT
[11:39 am]
shark : keep my charts open all day
when by computer
[11:39 am] shark :
love to grab a trade here and there
[11:39
am] Mitch K: shark, arent you in
Hawaii?
[11:39 am] shark : going to
Vegas tomorrow for Money Show
[11:40 am]
joeytsa : i have to get into
currencies
[11:40 am] Ed : it will be
great going forward to be able to trade
stocks/futures/forex
[11:40 am]
joeytsa : how long will you be here
shark??
[11:40 am] rusty : and chin
is in Vietnam/
[11:40 am] rusty :
?
[11:40 am] shark : then to Utah
for hiking over weekend
[11:40 am] mikewd2
-: i can barely keep up with just stock
trades
[11:40 am] eyes : i live in
Utah
[11:40 am] shark : til Mon/Tue,
joey
[11:40 am] shark : where,
eyes?
[11:40 am] eyes : Saint
George
[11:40 am] apple : stop to
see joey and eyes
[11:40 am] shark :
beautiful place, eyes
[11:41 am]
joeytsa : shark: i will be at the GVR
sports book on sunday afternoon
[11:41 am]
Ed : u will like it joey being that u already
trade emini
[11:41 am] rusty : eyes
= Mitt Romney
[11:41 am] apple :
joey, did zen call you? he is in LV
this week
[11:41 am] shark : will
call you Joey!
[11:41 am] joeytsa :
St George is nice
[11:41 am] joeytsa
: no apple
[11:41 am] joeytsa :
sounds good
[11:41 am] mikewd2 -: markets
coming off a bit, keep talking BEN
[11:42
am] shark : LL continuation pocket
pivot today
[11:42 am] joeytsa :
Ninja trader just came out with Version 7
Release 11
[11:42 am] joeytsa : dont
update if you use IB
[11:42 am]
khall : why not ?
[11:42 am]
joeytsa : because i said so
[11:42
am] Ed : u beat me to it Mitch
[11:42 am]
joeytsa : 🙂
[11:42 am] khall
: not a good reason – LOL
[11:42 am]
joeytsa : thats what the message
said
[11:43 am] khall : ahh – I
didn’t read the message yet –
thanks
[11:43 am] joeytsa : i havent
updated yet though..will do after
hours
[11:43 am] khall : LOL – yeah,
don’t make that mistake
[11:44 am]
joeytsa : ES close over 1450 may setup
eventual run up to 1500 like we mentioned
yesterday
[11:44 am] Ed : hmm must u
update with ninja, i never do it with
tradestation
[11:45 am] joeytsa : i
dont think so, last time i updated TS i had
to redo everythign hah
[11:45 am]
joeytsa : JOY breaking higher
[11:45
am] mikewd2 -: out some WFT 13.40
[11:45
am] rusty : covered CUR
[11:46 am]
mikewd2 -: nice rusty
[11:48 am]
shark : KORS may have pocket pivot,
still need more vol
[11:52 am] rusty
: YELP radar
[11:53 am] shark : you
getting sell on EUR/USD, Mitch?
[11:56 am]
rusty : BX radar
[11:56 am]
rusty : AMP radar
[11:58 am] mikewd2
-: wow the aaple calls i was trading
yesterday at 6 and 7, are now 24
[11:58
am] joeytsa : wow
[11:58 am]
apple : send money….
[11:59 am]
mikewd2 -: i closed my positions yesterday
aaple
[12:00 pm] apple : next
time!
[12:00 pm] victor51 : I was
long yesterdayon AApl. closed today
+15.
[12:01 pm] mikewd2 -: should have
bought the call and the put. that would have
been a winner overall
[12:01 pm]
qwert : nice victor
[12:01 pm]
mikewd2 -: good one victor
[12:01 pm]
joeytsa : you had mentioned taht
mike
[12:01 pm] joeytsa : buy the
call/put
[12:02 pm] mikewd2 -: yeah, only
issue is if it stays the same, you loose
both
[12:02 pm] Ed : nice victor
[12:02
pm] joeytsa : right
[12:02 pm]
joeytsa : hope you loaded up
victor
[12:02 pm] victor51 : I feel
much better because i based on my mkt
read
[12:03 pm] joeytsa : great
job
[12:03 pm] Ed : I played aapl going
into earning wherein I bought stock long and
purchsed put contracts
[12:03 pm] mikewd2
-: nice, you did stock? victor
[12:03 pm]
joeytsa : you hedged
[12:03 pm]
mikewd2 -: yeah, that would be decent play
Ed
[12:03 pm] mikewd2 -: like to hedge,
need to do it more often
[12:03 pm]
joeytsa : i know a few people that do
that during earnings, they dont want to let
go of a longterm hold
[12:03 pm] Ed : yea
the price of contracts were too expensive to
play both
[12:03 pm] victor51 : i
was debating weekly but did stock
[12:03
pm] joeytsa : you would have crushed
that with the weekly
[12:04 pm]
shark : EUR/USD short 1.29879
[12:04
pm] mikewd2 -: easy triple your money on the
call
[12:04 pm] Ed : hey shark that
rejection of 1.30 was nice area
[12:05 pm]
shark : YESSSS
[12:05 pm] Ed : but u
have ur style of play
[12:05 pm]
victor51 : IJoey, but net profit would
have been close. Right??
[12:05 pm]
eyes : Good Night Everyone
[12:05
pm] victor51 : Bye Eyes
[12:05 pm]
Ed : c ya eyes
[12:06 pm] khall :
bye eyes
[12:06 pm] qwert : Bye eyes
how was your day
[12:06 pm] joeytsa
: victor: yes if you played them
equally
[12:06 pm] eyes : green
after six down days
[12:06 pm]
joeytsa : bye eyes, green is much
better
[12:06 pm] qwert :
yessss
[12:06 pm] mikewd2 -: nice to hear
eyes
[12:06 pm] victor51 : Any
company on CLF short?? 43.57
[12:06
pm] shark : bye eyess
[12:07 pm]
qwert : did u get anything off the
momentum scanner
[12:08 pm] victor51
: What is that Qwert?
[12:08 pm]
joeytsa : tighten JOY if
short
[12:08 pm] apple : bye eyes,
have fun
[12:09 pm] qwert : a
scanner in etrade i was telling eyes about
yesterday
[12:10 pm] victor51 : Does
it work well?/ i will look into TS
[12:10
pm] joeytsa : qwert: what is the
criteria for that momentum scanner?
[12:10
pm] joeytsa : price,vol,%??
[12:10
pm] apple : i love the etrade hi/lo
scanner
[12:11 pm] qwert : dont
really know its the default and i have just
tweaked for price & min
volume
[12:11 pm] rusty : Anyone
here using Speedtrader?
[12:12 pm]
joeytsa : thx qwert,
[12:12 pm]
qwert : i like it because it doesnt
spit out tons of ideas but usually pretty
good lots today though after
bernanke
[12:12 pm] joeytsa : rusty:
not sure i know anyone using them
[12:13
pm] qwert : never heard of sppedtrader
only sppedracer
[12:13 pm] joeytsa :
qwert: after hours, check to see the scan
settings..just wondering
[12:13 pm]
qwert : spped=speed
[12:13 pm]
qwert : okay will do joey
[12:13 pm]
joeytsa : etrade scanner is same as
trade ideas right?
[12:13 pm] apple
: dont know
[12:14 pm] joeytsa : for
some reason that rings a bell
[12:15 pm]
rusty : yes similar
[12:15 pm]
rusty : same company
[12:15 pm]
joeytsa : rusty: google search on
speedtrader review came back with negative
feedback
[12:15 pm] rusty : google
search on rusty comes back same
[12:15 pm]
rusty : just saying
[12:15 pm]
joeytsa : hahah
[12:15 pm] Ed :
lol
[12:15 pm] joeytsa : all i got
were pictures of Borat in a green bathing
suit 🙂
[12:16 pm] rusty :
that’s me
[12:16 pm] apple :
lol
[12:16 pm] joeytsa :
🙂
[12:16 pm] apple : haha
[12:16
pm] mikewd2 -: invested some small amount in
AAPL 680 puts for tomrw
[12:16 pm] mikewd2
-: they were 1.87
[12:17 pm] joeytsa
:
http://www.brokerage-review.com/stock-broker-
reviews/speedtrader-review.aspx
[12:17 pm]
rusty : DDTIC nlod
[12:17 pm]
joeytsa : thats for you rusty
[12:17
pm] rusty : CTIC that is
[12:17 pm]
rusty : ty joey
[12:17 pm]
joeytsa : read the comments
[12:17
pm] mikewd2 -: russell selling off a
bit
[12:18 pm] rusty : seems they
are talking more about platform rather than
broker
[12:18 pm] rusty : but
thanks
[12:18 pm] joeytsa :
yeah..poor platform makes you broker
🙂
[12:18 pm] qwert : strategy is
new high, filters are volatility .05, up days
1, up from the close 1, count #60, i added
min volume of 500k shares a day and min price
of 25.00
[12:19 pm] rusty : i got
good platform…just looking for another
broker
[12:19 pm] joeytsa : oh,
gotya now rusty
[12:19 pm] joeytsa :
thanks qwert
[12:19 pm] rusty : ty
tho
[12:19 pm] qwert : its called
upside momentum in the predefined scans on
etrade pro
[12:20 pm] qwert : sure
thing
[12:21 pm] mikewd2 -: die
AAPL
[12:21 pm] rusty :
http://stockcharts.com/h-sc/ui?s=$CPC&
;p=W&yr=4&mn=0&dy=0&a;
mp;amp;id=p98417520159
[12:21 pm]
rusty : might interest some of you
contrarians
[12:21 pm] shark :
that’s one big wish, mike
[12:22 pm]
joeytsa : if APPL dies, so does the
S&P
[12:22 pm] mikewd2 -: already
up 25% on the options shark
[12:22 pm]
mikewd2 -: may just take the profits –
lol
[12:22 pm] shark : 🙂
[12:24
pm] victor51 : I was not worried about
inflation till yesterday. Have you seen all
food packages are packing in a reduced size
but charging the same price. The sizes are
reducceed 20 to 25%. And yoyu know gas
prices. Any thoughts??
[12:25 pm]
joeytsa : victor: that started about
2-3 yrs ago
[12:25 pm] victor51 :
CLF broke below 50 mva on 2 min.
[12:26
pm] joeytsa : i would expect to see
major stagflation take its tolll
first
[12:28 pm] joeytsa : DNB
alert
[12:28 pm] joeytsa : about $2
pop
[12:29 pm] joeytsa : no
prob
[12:29 pm] victor51 : OK Joey.
I am relieved
[12:29 pm] joeytsa :
not sure thats a relief
[12:33 pm]
totora : u all hear what Bernacke
did?
[12:33 pm] joeytsa : did he do
something again?
[12:33 pm] shark :
what totora?
[12:34 pm] totora : go
to Yahoo
[12:34 pm] joeytsa : hope
he didnt make a movie about islam
[12:34
pm] qwert : hahaha
[12:34 pm]
totora : he just burned the
KORAN
[12:35 pm] joeytsa : i dont
see anything on ben on yahoo?
[12:35 pm]
apple : thx E
[12:35 pm]
totora : yahoo business
[12:35 pm]
joeytsa : oh ok
[12:36 pm]
joeytsa : your talking about the qe3
news?
[12:36 pm] totora :
ya
[12:36 pm] joeytsa : yeah, heard
it when it came out
[12:36 pm]
totora : nuts
[12:37 pm]
joeytsa : yeah, just the way you
put it i thought he did something
else
[12:37 pm] joeytsa : thats old
news
[12:37 pm] totora : gtg
sry for interruption
[12:38 pm]
apple : do you really think that was
real?
[12:38 pm] Ed : c ya
totora
[12:38 pm] joeytsa : no
prob
[12:38 pm] joeytsa : what was
real apple?
[12:39 pm] apple :
burning the koran?
[12:40 pm]
joeytsa : no
[12:40 pm] apple
: right
[12:40 pm] joeytsa : my
question though is, if the private sector is
doing fine, is qe3 needed?
[12:40 pm]
joeytsa : JOY made a nice move from
last pullback
[12:42 pm] murano :
SPLS
[12:44 pm] rusty : Egan: US
downgrade more likekly
[12:44 pm]
rusty : likely
[12:45 pm]
joeytsa : we downgraded with the last
election 🙂
[12:47 pm] joeytsa :
$40B/month..open-ended, thats one hell of an
alimony 🙂
[12:49 pm] khall : No
kidding
[12:50 pm] chinhngo : bought
cover clf at 43.10 oh my god make
200.00
[12:51 pm] apple : good for
you chin
[12:52 pm] chinhngo : thank
apple
[12:53 pm] joeytsa : nice one
chin !!!
[12:56 pm] joeytsa : ES
selling off a bit into the close
[12:58
pm] rusty : hagn everyone…. c you all
at Chins house for drinks
[12:58 pm]
joeytsa : bye rusty
[12:58 pm]
apple : sounds like a plan!
[12:58
pm] khall : night rusty
[12:58 pm]
rusty : and if Chin doesnt show, lets
me at Ed’s
[12:58 pm] eddy : see ya
all tom
[12:58 pm] joeytsa : bye
eddy
[12:58 pm] Ed : sounds good
[12:59
pm] apple : bye eddy have fun
[12:59
pm] khall : bye all – see you in the
morning
[12:59 pm] chinhngo : still
hold tza overnight
[12:59 pm]
joeytsa : bye khall
[01:00 pm]
chinhngo : good night to all
[01:00
pm] joeytsa : Thanks
Mitch,Ed,everyone..thanks, see you all
tomorrow
[01:00 pm] apple : gn all,
have fun evening
[01:00 pm] shark :
bye joey, Ed, Mitch everyone
[01:00 pm]
shark : gn all
[01:01 pm]
victor51 : Bye all.
[01:06 pm]
qwert : Bye everybody
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