[06:40 am] Ed : covering 3/4 of TIBX
short
[08:33 am] Ed : covering 3/4 of LMCA
shortt
[06:45 am] Mitch K: more downside
on WLT, prefer bounce to 31.10 before
short
[08:52 am] Ed : would like a test of
nov 5 low @near
[05:45 am] Mitch K:
expecting Natural Gas NG to move, GC is
moving really well
[05:48 am] Mitch K:
Gold is GC
[06:00 am] Mitch K: watching
this drop in CL, Crude Oil for
reversal
[06:01 am] Mitch K: NFLX
dropped $1.50 and bounced over $2 this
morning premarket
[06:03 am] Mitch K:
thanks for info joey
[06:09 am] Mitch K:
ed, your old friend MMR being bot out
today,
[06:30 am] Ed : dont chase it here
wait for bounce
[06:30 am] Mitch K:
watching SCSS for bottom
[06:30 am] Ed :
Advanced trade monitor TIBX for weakness and
potential short
[06:31 am] Mitch K:
watching TIBX for bottom
[06:32 am] Mitch
K: watching TUP for top
[06:33 am] Mitch
K: watching EGO for bottom
[06:33 am]
Mitch K: monitoring WAG, take time
[06:33
am] Mitch K: watching CTSH for
bottom
[06:34 am] Mitch K: watching OAS
for top
[06:34 am] Mitch K:
sorry
[06:34 am] Mitch K: lbtya
[06:34
am] Mitch K: watching TDC for
bottom
[06:34 am] Mitch K: watchign RHT
for bottom
[06:35 am] Mitch K: more
downside in FRAN
[06:36 am] Mitch K:
monitoring CP
[06:36 am] Mitch K: watching
EDU but this had no bounce yesterday except
first bottom at open, weak all day
[06:37
am] Mitch K: watching EXXI for top
[06:37
am] Mitch K: watching CLR for top
[06:38
am] Mitch K: monitoring SM
[06:38 am]
Mitch K: watching SODA
[06:38 am] Mitch K:
trades both ways on FCX, focus on long
side
[06:39 am] Mitch K: watching LYB for
short on top of bounce, take lot of
time
[06:39 am] Mitch K: watching BKE for
bottom, trades both ways but long is next
one
[06:40 am] Mitch K: watching AAPL for
bottom
[06:40 am] Mitch K: watching MFRM
for bottom
[06:42 am] Mitch K: watching
CXO for top
[06:42 am] Mitch K: watching
CMI for top, could trend up
[06:42 am]
Mitch K: watching OCN for bottom
[06:43
am] Mitch K: looking for short on VMW top of
this bounce
[06:43 am] Mitch K:
sorry
[06:43 am] Mitch K: vmw
[06:45
am] Mitch K: washing ASH for top to
short
[06:46 am] Mitch K: watching URBN
for bottom
[06:47 am] Mitch K: watching
GMCR for trades both ways, more downside from
here
[06:49 am] Mitch K: top
[06:49 am]
Mitch K: watching for $25.20 area on SCSS
bounce but be flexible; looking for short on
toop of this bounce
[06:50 am] Mitch K:
watching RGR for bottom, trades both ways
today
[06:51 am] Mitch K: keep tracking
GMCR today, good movement both ways
[06:52
am] Mitch K: consider selling or reducing
SCSS long
[06:53 am] Mitch K: watching
QLIK for bottom
[06:56 am] Mitch K: the
higher SCSS goes the better the short, still
no sell signal on 1 or 2 min on
SCSS
[06:56 am] Mitch K: lot of movement
today
[06:57 am] Mitch K: QIHU
bottoming
[06:58 am] Ed : SPY new
lod
[06:59 am] Mitch K: SODA getting
interesting
[07:00 am] Mitch K: SCSS
toppy
[07:04 am] Ed : SPY new
lod
[07:06 am] Mitch K: same with 1 min
chart, black price flag at top, means strong
rebound still
[07:06 am] Mitch K:
skydiver, the black price flag is toward top
of range, means MFRM is strong still on 2
min
[07:07 am] Mitch K: watching USG for
bottom
[07:07 am] Mitch K: THis is where
Lightning helps the most, when to close a
position
[07:08 am] Mitch K: MFRM
weakening a little on this rebound
[07:09
am] Mitch K: MFRM toppy here
[07:09 am]
Mitch K: we have not been getting this good
of action for some time
[07:09 am] Mitch
K: really pay more attention today on
trading, good movement, lots of good trading
profits
[07:10 am] Mitch K: consider
reducing SODA if long, maybe total sell
soon
[07:11 am] Mitch K: now these big
movers today, stay with tracking them most of
day, all the gappers down like BKE, MFRM,
many others, those will give good Lightning
signals
[07:14 am] Mitch K: watching GMCR
for 2nd helping short
[07:14 am] Mitch K:
monitoring E DROP
[07:15 am] Mitch K: sky,
where did you sell MFRM
[07:19 am] Ed :
AAPL trying to break downtrend
[07:23 am]
Mitch K: natural gas, NG not moving like last
two days so far
[07:23 am] Mitch K: GC,
GOld and oil cycling well today
[07:27 am]
Mitch K: thanks for TSO regatta . . . . when
you see TSO move like this, always check VLO,
same sector
[07:28 am] Mitch K: watching
TDC for 2nd short
[07:28 am] Mitch K: good
one on MELI mike
[07:30 am] Ed : out all
TIBX short
[07:30 am] Ed : crude oil
inventories out
[07:30 am] Ed : SPY new
lod
[07:37 am] Mitch K: repeat:
Crude oil [C], and Gold [GC] cycling very
well
[07:41 am] Mitch K: i often use a
volume chart on GOld katrina, 275 to 300,
type in 300v
[07:43 am] Mitch K: anyone
else interested in tracking futures, CL is
moving very very well today,, this is as good
as it gets
[07:44 am] Ed : lower low on
SPY
[07:44 am] Mitch K: CL 01-13, volume
charts also good, just watch and study for
quite a long time, maybe 3 months first and
get real good on simulator
[07:50 am] Ed :
getting bounce in SPY
[07:55 am] Ed : SPY
new lod
[08:06 am] Mitch K: how are you
all doing with Lightning today? what stocks
or futures did you trade with it?
[08:22
am] Mitch K: i think all these margin
requirements are broker specific on the
intraday margins. overnight margins are
set by the exchanges
[08:23 am] Mitch K:
you sure about that GC being $1000, should be
morelike 7000
[08:23 am] Mitch K: that
comment was for futures
[08:29 am] Mitch
K: thanks apple
[08:29 am] Ed : monitoring
LMCA
[08:32 am] Mitch K: PL, Palladium
moving
[08:33 am] Mitch K: good man, you
must have had a good teacher, lol
[08:33
am] Mitch K: so you are using the 2 min chart
taco to monitor after open
position?
[08:34 am] Mitch K: PL is on the
Nymex, same as Silver, GOld, Crude
oil
[08:35 am] Mitch K: we are well into
the next version of Lightning, really
encouraging. also a scanner that will
be like nothing ive ever seen. scanner
will take 5-6 months
[08:39 am] Mitch K:
yes taco, agree. people in this room
are really good, high quality bunch.
great cooperation, lot of good signals posted
by people now. This is what we
wanted.
[08:40 am] Mitch K: if you notice
over the last two years, the very few people
that create negativity in the room, they are
asked to leave. we can’t create a
learning environment if there is negative
energy
[08:41 am] Mitch K: hey TACO, you
see the 2 min chart on TIBX where the black
flag is toward the bottom of the three
colored flags? that is selling
pressure
[08:42 am] Mitch K: in this room,
we really want to create a team, we make more
money that way, we learn more and its
fun
[08:43 am] Mitch K: I’m only a
facilitator, don’t want to come across as a
guru. I am obsessed by the financial
markets though
[08:43 am] Ed : nice move
in SPY
[08:47 am] Mitch K: no i did not
read SPitzer’s article; i dont have respect
for people who cheat on their spouses,
especially if he spent his career in law
enforcement
[08:47 am] Mitch K: the reason
for this is it is the nature of how we
display the rest of the chart
electrader. I dont like that but we
didnt have any choice. the way to get
used to this is to build a plain chart
without indicators, no LIghtning and have it
linked side by side
[08:51 am] Mitch K:
yeah Joey, there have been two attempts by
Obama to tax all mutual fund, stocks of 25
basis points whether or not there is
profit. taxes the princple. was
voted down in early 2009 and again
overwhelmingly in early 2011. Europe
will get their financial transaction tax
through though. Brazil has 17 basis
points i think. i think the US
financial institutiions lobbying power is
much stronger here though
[08:52 am] Ed :
just monitoring EBIX right now
[08:55 am]
Mitch K: thanks sman
[08:57 am] Mitch K:
CYCC looks interesting as short on the daily
chart too
[08:58 am] Ed : I did not take
it long, still had the setup though
[08:58
am] Ed : If were able to get EBIX long would
reduce some here
[08:59 am] Ed : SPY new
hod
[09:00 am] Mitch K: you might consider
taking this profit on the CYCC on that fast
and much of a spike down,
[09:01 am] Ed :
out all LMCA short
[09:02 am] Mitch K: try
to buy at bid on a falling stock like CYCC
when you are short
[09:02 am] Mitch K:
nice job eddie money
[09:05 am] Mitch K:
CYCC short over. . thanks
sman
[09:06 am] Mitch K: LMCA buy signal
on 1 min
[09:07 am] Mitch K: if you look
at a daily chart on NG, natural gas, you will
see it is due for a rebound
[09:31 am]
Mitch K: anyone on this NG run?
katrina? you could have jumped on trend
when you mentioned
[09:32 am] Mitch K: ok
great, what chart setting, what type of
chart
[09:33 am] Mitch K: nice, you smart
trader. im getting an early sell signal
on NG with a 200v chart
[09:34 am] Mitch
K: when i add to a position and position got
a little too big, it is good to sell off that
portion that made it oversized position at an
early sell signal
[09:36 am] Mitch K: oooh
nice joey, the 340 and 578 T chart
settings
[09:36 am] Mitch K: also look at
heating oil, and many other
instruments. on some of them, like
wheat or corn or soybean oil, only have 1
trade a day, oftentimes. might not be
worth it on those but you should look at many
charts to compare
[09:37 am] Mitch K: my
experience is that ES is easier to book
profits than many other more volatile
instruments like CL can be tough
sometimes
[09:38 am] Mitch K: everyone
developes their own style and techniques, i
would not change if it is working but good to
use Lightning as confirmation of what your
previous methods of getting signals
[09:40
am] Mitch K: ES has extremely high liquidty
and therefore low spreads
[09:40 am] Mitch
K: do you find that true on ES
joey? easier to trade than other
instruments?
[09:49 am] Ed : missed the
ONXX short
[09:49 am] Ed : SPY pulling
back
[09:56 am] Mitch K: sell signal on
NG, Natural gas
[09:57 am] Mitch K: khall,
do you still have NG long?
[09:58 am]
Mitch K: but you are on a5 range chart
right> i see sell signal was 21
min ago
[09:58 am] Mitch K: did you peel
off some contracts ?
[09:59 am] Mitch K:
thats too much drawdown for my taste, too
much risk to ignore a 5 range signal, i could
see holding long through a shorter interval
but not a 5R
[10:00 am] Mitch K: i think a
signal, a high percentage of the time, on a
longer interval chart is a valid
signal. sure you may get away with it
but over time, i think you would do better by
sticking with that system
[10:02 am] Mitch
K: ok, if you are going to hold this into a
swing trade, look at different chart
settings, not a 5R
[10:02 am] Mitch K:
remember this forever: when you are
making money, or have had a good run, our
human reaction is to take on more risk.
for me, i tend to get a little careless
thinking that i just made a lot of money i
can afford to take that risk. no
offense to you khall, just sharing
thoughts
[10:03 am] Mitch K: you make more
money by being consistent and sticking with a
routine that is working, same thing
everytime
[10:04 am] Mitch K: ok khall,
pull up a 30 min chart on NG 01-13
[10:04
am] Mitch K: what do you see
grasshopper?
[10:05 am] Mitch K: why give
up most of the money you just made ona
swing trade that has low odds when you can
just wake up in the mornign and repeat what
you did, and do it about 10 times
tomorrow
[10:05 am] Mitch K: good job
grasshopper, although you are not ready to
walk the rice paper yet
[10:06 am] Mitch
K: i am not picking on you, just talking out
loud with you as one of your
coaches
[10:07 am] Mitch K: got to stay
with a working system and you got to keep the
odds on your side. and just repeat over
and over. It is not boring to
consistently make money
[10:08 am] Mitch
K: what is boring to me is being stuck on an
assembly line doing the same thing, putting
boxes on conveyor belt
[10:16 am] Mitch K:
where you really make the money in trading,
improving your skills is reviewing charts
after market closes.
[10:17 am] Mitch K:
go through and give yourself homework
assignments. say something like, i
wonder how that chart setting works on
gold, oil, gas, natural gas, silver.
make projects for yourself. but you get
paid a lot of money for reviewing
charts
[10:18 am] Mitch K: here is how
obsessed I am, kind of sick actually.
go to sleep at 10pm, wife fell asleep, i
said, hmm, i wonder how that chart looks, im
going to look at that. i get up, look
at a few charts, write notes, 45 min later i
go to sleep.
[10:19 am] Mitch K: the last
thought i have and last visualization
is reviewing what i learned and telling
myself what i want to look at the next
day
[10:20 am] Mitch K: on the Lightning
project, i kept the iphone next to me at
night, if i had thought, i would record audio
recording into iphone. or write notes
if i am inspired
[10:24 am] Mitch K: after
you learn the techniques, it becomes
90% mental and 10% technical. At first
you are learning the technical aspect of
trading, what to do, procedures, charts,
etc.
[10:24 am] Mitch K: thats what i
think it takes to get to a high level.
but no matter what kind of technical
knowledge you have about trading, most of
your money is made by controlling your
emotions, thoughts.
[10:25 am] Mitch K: so
initially you are learning the 10%, make
sense?
[10:27 am] Mitch K: controlling
emotions is everyone’s problem, everyone i
know of. Nobody is immune to this
sman
[10:27 am] Mitch K: as you get older,
you have to work harder to retain what you
know
[10:33 am] Mitch K: sorry, i have
multiple keyboards
[10:33 am] Mitch K:
rimm
[10:33 am] Mitch K: monitoring
JWN
[10:45 am] Mitch K: around 1100am
pacific time, often times you get a lot of
volatility in CL, crude oil. Regular
trading hours close at 1130am pacific time
and people are usually covering if CL dropped
a lot so this moves it up. if CL moved
up a lot that day you often see selling in
last half an hour as people flatten
positions
[11:01 am] Ed : SPY
boouncing
[11:23 am] Mitch K: after market
closes i will go through how to
connect,
[11:27 am] Mitch K: and you
follow along
[11:27 am] Mitch K: i will
demonstrate here in the room at close
chingo
[11:39 am] Ed : thx murano on
M
[11:40 am] Ed : would like a move on M
closer to the 39.54ish area see how reatcs
for potential short
[11:48 am] Ed : good
eye sman on FISV
[12:26 pm] Mitch K: nice
job shorty, very clear signals there on QLIK,
both 1 and 2 min charts
[12:28 pm] Ed :
nice on doji on PAY
[12:32 pm] Ed :
Monitor BIDU 2morrow potenial short with
continued weakness
[12:47 pm] Ed : more
selling in SPY
[12:50 pm] Ed : will will
increase dividend
[12:50 pm] Ed : VAL on
the move
[12:56 pm] Ed : have a great
evening traders
[01:02 pm] Mitch K: is it
a real time account, not end of day
right?
[01:02 pm] Mitch K: anyone who
needs to learn how to connect to a
dataprovider?
[01:02 pm] Mitch K: ok
chingo, you have Ninjatrader up and get your
Kinetick account number
| [06:16 am] apple : gm khall
[06:17
am] apple : gm taco
[06:17 am]
apple : gm joey
[06:17 am]
lisas : gm apple
[06:17 am]
klas : Good morning apple
[06:17 am]
Ed : ok thx doji, trying to help someone with
tda
[06:17 am] apple : gm
qwert
[06:17 am] apple : gm
mike
[06:17 am] mikewd2 -: Starbucks says
sees buying Teavana this year
[06:17 am]
apple : gm sky
[06:17 am]
apple : gm MK
[06:17 am]
skydiver : gm apple
[06:18 am]
qwert : gm apple
[06:18 am]
joeytsa : mike: there was talk of
sbux/tea a couple weeks back also
[06:19
am] apple : well, yesterday i bought an
80 call on NFLX weekly (now i wish it was
monthly) — news is that NFLX will have
access to the disney movies
[06:19 am]
lisas : glad you got in on that
apple!
[06:20 am] murano : C cutting
11,000 jobs, up $1.00
[06:20 am]
apple : it was yesterday morning after
it had bottomed. now i wish i would
have loaded up big time!
[06:20 am]
doji : C: That will improve the bootom
line but not the top one
[06:21 am] Ed :
ur too disciplined for that now
apple
[06:23 am] Ed : I noticed the media
is very quiet on Egypt now
[06:23 am]
joeytsa : yep
[06:23 am]
skydiver : yes indeed Ed . .
.
[06:24 am] sman : EXXI
[06:24
am] joeytsa : the media did their job
already, taking a breather 😉
[06:25 am]
doji : Apple, be careful. WSJ is saying
the excessive move was due to short coverage.
The actual deal value will be seen in Feb
when NFLX reports earnings … so NFLX could
drop today….
[06:26 am] joeytsa :
good to know doji
[06:26 am] elisha
: Good Morning Mitch, Ed and
everyone
[06:26 am] apple : thx doji
i will watch it carefully, i appreciate the
news adjustment
[06:27 am] apple : i
did score big on that one tho! take the
money and run
[06:27 am] taco : good
work apple
[06:27 am] Ed : guess means I
should trade the tape and not the
euphoria
[06:27 am] Ed : ohh thats right,
i should always trade the tape
[06:27 am]
khall : yep
[06:28 am] doji :
Did you buy NFLX before it moved with the
Disney’s news?
[06:28 am] joeytsa :
trade what you see, not what you
think
[06:28 am] skydiver : good
reminder joey
[06:28 am] Ed : always blank
slate when I think
[06:28 am] taco :
lol
[06:28 am] joeytsa :
🙂
[06:29 am] apple : correct joey
and i saw NFLX running down and after it
turned for about 10 minutes around 10ish i
hopped on it, had no idea how far it would
go, honestly
[06:29 am] doji : I
mean, before the news? You must have
insider’s connections!
[06:30 am]
apple : i wish! just look at the
5 min chart which is what i was looking
at
[06:32 am] skydiver : JOY
moving
[06:32 am] doji :
SINA
[06:33 am] mikewd2 -: Weatherford
would make an attractive acquisition target,
says Dahlman RoseDahlman Rose believes
Weatherford …
[06:33 am] joeytsa :
watching MNST
[06:34 am] sman :
CP
[06:34 am] doji : out 1/2 NFLX
short
[06:34 am] mikewd2 -: AAPL
[06:34
am] doji : trailing second
1/2
[06:36 am] mikewd2 -: watch AAPL for
long entry
[06:36 am] doji :
Watching FSLR
[06:36 am] doji :
@30
[06:36 am] khall : isn’t $560
ish the 200 MA on AAPL?
[06:36 am]
apple : ES popped
[06:36 am] mikewd2
-: CP
[06:37 am] mikewd2 -: sorry
mitch
[06:37 am] apple :
yes
[06:37 am] joeytsa : BIDU
hod
[06:38 am] joeytsa :
SODA
[06:39 am] sman : pay
[06:40
am] joeytsa : nice 3pt move on
ES
[06:40 am] joeytsa : 1410.50 is
R1 on the ES
[06:40 am] apple : thx
joey
[06:41 am] joeytsa : doji:
there is your $30 on FSLR
[06:41 am]
joeytsa : you had also mentioned that
yesterday
[06:42 am] doji : YEs
Joey, I am long from the open at
29.34
[06:42 am] joeytsa : great
trade
[06:42 am] doji : Let’s see if
it has wings
[06:42 am] joeytsa :
AAPL lod
[06:43 am] joeytsa : FRAN
more downside
[06:44 am] mikewd2 -:
SCSS
[06:44 am] mikewd2 -: GMCR
toppy?
[06:44 am] joeytsa : not
sure, nice run
[06:46 am] sman :
CMI
[06:46 am] apple : mike i also
got GMCR yesterday when it started to
breakout 39.50 C
[06:46 am] joeytsa
: FCX still moving up
[06:47 am] mikewd2
-: nice apple, i got the put – haha
[06:48
am] apple : haha
[06:48 am]
doji : You are on the move
Apple
[06:49 am] doji :
FCX
[06:50 am] doji : Apple to lose
$560
[06:50 am] khall : I have a 560
put on AAPL
[06:50 am] khall :
🙂
[06:50 am] doji : still trailing
my secong 1/2 short in NFLX…..
[06:51
am] doji : Watching APPL
[06:52 am]
mikewd2 -: out NFLX put from
yesterday
[06:52 am] skydiver : 2
minute buy signal on MFRM — got in at 23.15
on one minute signal
[06:52 am] doji
: Apple down almost 3%
[06:53 am] mikewd2
-: going to be a bottom sometime
doji
[06:53 am] joeytsa : lower
highs on the ES, reports out in 7
minutes
[06:53 am] skydiver : thnx
joey
[06:53 am] joeytsa : nice one
on SCSS
[06:53 am] doji : YEs Mike,
getting ready for that
[06:55 am]
doji : APPL long 558.34
[06:55 am]
joeytsa : some decent moves so
far
[06:56 am] skydiver : buy signal
on AAPL on Lightning two minute
[06:56 am]
doji : Not on mine Sky
[06:57 am]
skydiver : interesting . . .
doji
[06:57 am] doji : but in the
1min
[06:57 am] joeytsa : 9 ES 578t
signals so far on Lightning
[06:57 am]
skydiver : okay – thnx doji
[06:57
am] doji : rasing stop at b/e on
apple
[06:58 am] joeytsa : nice
doji, cant lose that way
[06:58 am]
doji : Now is the buy signal in the
2min
[06:58 am] doji : but stocks is
revsersing… lol
[06:58 am] joeytsa
: ES dropping
[06:58 am] joeytsa :
reports coming out
[06:59 am]
skydiver : okay doji . . humm — I need
to look at my settings
[06:59 am]
skydiver : MFRM been slow clilmb, but
Lightning has kept me in the trade long so
far
[06:59 am] joeytsa : BIDU trying
to hold $90/lod area
[07:00 am] mikewd2 -:
factory orders stronger up 0.8%
[07:00 am]
skydiver : thnx mike
[07:01 am]
mikewd2 -: sold GMCR puts
[07:01 am]
joeytsa : nice trade mike
[07:01 am]
joeytsa : AAPL lod
[07:02 am]
doji : all out NFLX short
[07:02 am]
doji : Watching TFM @ 50
[07:03 am]
sman : CP
[07:05 am] shawn :
Ed: on lightning how do I get the arrows and
the red, Blue and green symbols. I have a
chart of Wynn up. but no bells and
whistles
[07:05 am] skydiver : my
first real trade with money using Lightning .
. long MFRM 23.15 – my instict says
sell, but no sell on lightning yet
[07:05
am] mikewd2 -: nice sky
[07:05 am]
joeytsa : nice sky, some res at 23.91
and 24
[07:06 am] skydiver : thnx
joey
[07:06 am] joeytsa : indi’s
havent turned yet
[07:06 am]
skydiver : thnx Mitch — learning
🙂
[07:06 am] skydiver : gotcha
Mitch
[07:07 am] joeytsa : CP a
flag-type patterrn
[07:07 am]
skydiver : sure does Mitch . . big help
for me
[07:07 am] doji :
NFLX
[07:08 am] skydiver : I see
that Mitch .. thnx 🙂
[07:08 am]
joeytsa : ran into that resistance,
indi’s turned slightly down
[07:08 am]
skydiver : sure did joey
[07:09 am]
Ed : shanw do u have the indicator selected
for it to show on ur chart?
[07:09 am]
joeytsa : TDC continued
weakness
[07:10 am] joeytsa : ES
sitting on pp
[07:10 am] shawn : I
right click on the chart and I don’t see an
indicator for lightning ED
[07:11 am]
doji : See FRAN in the 2-min in
Lightning… nice plot
[07:12 am] Ed : it
comes up as tsalightningstocksbeta
[07:13
am] shawn : shoot. I don’t have it
yet
[07:13 am] doji : GMCR
[07:13
am] doji : spike
[07:14 am] Ed : did
u ever download it shawn?
[07:14 am]
joeytsa : shawn: were you in the
lightning webinar?
[07:15 am] shawn
: supposibly: with the secretary
Yes
[07:15 am] skydiver : all out of
MFRM 23.82
[07:15 am] shawn : I will
call when she gets in ED
[07:15 am] Mitch
K: nice job sky, great money, just rinse and
repeat
[07:16 am] skydiver : Thnx
Mitch!! 🙂
[07:16 am] joeytsa :
tacos for everyone 🙂
[07:16 am] Mitch K:
sky, its too late to short MFRM and takes a
while to get the confidence to go both
ways
[07:16 am] skydiver : yes .. .
Missed the short . . will get used to
Lighting to build confidence 🙂
[07:17 am]
doji : Short signal in FRAN
2-min
[07:19 am] doji : Apple, see
the APPL 565 put. I bough it last thursday at
$0.89,,, now $10.25… niceeee!
[07:20 am]
joeytsa : nice doji
[07:20 am]
skydiver : good job doji
[07:20 am]
doji : See ya later fellas…. already
overextended in my time…
[07:21 am]
joeytsa : have a good day
[07:21 am]
mikewd2 -: MELI
[07:21 am] skydiver
: take care doji
[07:22 am] joeytsa
: ES buy signal just above pp
[07:22 am]
apple : bye doji have fun
[07:22 am]
khall : later doji
[07:23 am]
lisas : bye doji
[07:26 am]
regatta : watching TSO
[07:30 am]
joeytsa : ES pulling back
[07:30 am]
joeytsa : crude # coming out
[07:30
am] joeytsa : down 2.4
[07:31 am]
joeytsa : AAPL getting
pounded
[07:32 am] joeytsa : CVLT,
lower vol
[07:33 am] chinhngo : Why
my IWM at lightning chart show go up
price now is 82.00 but iwm realy is onlt81.71
different .30 please help
[07:36 am]
joeytsa : nice 40c move on
crude
[07:38 am] Ed : that sound more like
connection or slow data feed issue
[07:38
am] khall : Mitch, what timeframe are
you using on Gold?
[07:40 am]
skydiver : I got into ASH short at
74.36 with Lightning and still in thnx to
Lightning 🙂
[07:41 am] khall :
thanks!
[07:42 am] joeytsa : AAPL
lost $550
[07:42 am] joeytsa : ES
coming into test 1400
[07:43 am]
joeytsa : another 40c crude
move
[07:44 am] joeytsa : ES giving
great quick scalps too Mitch
[07:45 am]
joeytsa : ES under 1400
[07:45 am]
joeytsa : RAX dumping
[07:46 am]
joeytsa : i need 4 more hands
haha
[07:47 am] skydiver : I have to
leave for a meeting – all out of ASH
short 74.,36 – 73.54 — makes lots of dollars
everyone — see you tomorrow 🙂
[07:47 am]
apple : you need an assistant
joey
[07:47 am] joeytsa : CP to test
hod
[07:47 am] apple : have fun
sky
[07:47 am] joeytsa : have a
great day sky 🙂
[07:47 am] skydiver
: 🙂
[07:47 am] joeytsa : im
thinking about it apple 🙂
[07:47 am]
taco : EXXI drop
[07:48 am]
taco : bye sky
[07:48 am]
joeytsa : break time, see you in a
bit
[07:48 am] joeytsa : great
trades/calls..thanks
[07:48 am] taco
: enjoy
[07:50 am] apple : have fun
joey
[07:58 am] apple : look
out,obama getting ready to speak
[08:00
am] khall : hold onto your shorts!
LOL
[08:01 am] lisas : or better
yet, hold on to your money
[08:07 am]
taco : TSO right now
[08:07 am]
qwert : doing good with it mitch just
got done with TDC short
[08:07 am] Mitch
K: you short TSO or long taco
[08:08 am]
taco : long 39.1
[08:08 am] Mitch K:
excellent entry taco, track VLO too, it is
moving up sooner than TSO
[08:08 am]
taco : yes, missed her
[08:08 am]
taco : thanks Mitch
[08:09 am] Mitch
K: i mean for you to track in conjunction
with each other, not necessarily trade both
stocks. i try to avoid doing that, its
exact same sector, i like to
diversify
[08:09 am] taco :
k
[08:10 am] taco : TIBX l 19.12
too
[08:10 am] Mitch K: like sectors in
Home builders, metals and minerals, oil
services, retail, etc.
[08:13 am]
joeytsa : ES back to 1400
area
[08:13 am] joeytsa : 578t just
gave buy signal also
[08:14 am]
joeytsa : and a quick sell
signal
[08:14 am] joeytsa : 7 tick
move
[08:17 am] qwert : NG on a nice
move
[08:20 am] joeytsa : yeah
qwert, any idea what the margin is for
NG?
[08:21 am] Mitch K: under $3000
joey
[08:21 am] joeytsa : just found
it intraday $1500
[08:21 am]
joeytsa : overnight $5000
[08:21 am]
qwert : Not sure joey but have 15k in
that account and no problems
[08:21 am]
qwert : okay thx
[08:22 am]
joeytsa : not sure if that is standard
or if it is broker specific?
[08:23 am]
joeytsa : looks like GC is
$1000/intraday and $11,475
overnight
[08:23 am] joeytsa :
thanks Mitch
[08:23 am] joeytsa :
makes sense
[08:24 am] joeytsa : its
$1000 at mine, silver is
$6480/$21K
[08:26 am] Mitch K: what
brokerage firm joey?
[08:26 am]
joeytsa : trade pro futures
[08:26
am] joeytsa : nice rebound on
AAPL
[08:28 am] apple : ES
moving
[08:30 am] joeytsa :
Lightning is just killing the ES
today
[08:32 am] Mitch K: taco you still
long on TIBX? 2 min chart still in
green, no sell signal
[08:32 am]
taco : yes, out TSO though
thx
[08:33 am] taco :
correct
[08:33 am] taco :
lol:)
[08:33 am] qwert : nice
taco
[08:33 am] taco : we call him
the king
[08:34 am] taco : thx
qwert
[08:34 am] apple : good job
taco. gotta run, back in a
bit
[08:34 am] taco : i owe lots to
this rm and its ppl
[08:34 am] Ed : that
was quick 1.53
[08:35 am] qwert : Ed
what was entry 1o7.51 for me
[08:35 am]
qwert : but got out at 106.50
[08:36
am] Ed : had short set at 108.1 and
107.97
[08:36 am] qwert : nice
entry
[08:37 am] Ed : normally would have
entered around 107.5ish
[08:38 am]
qwert : like those quick ones
[08:38
am] Ed : me to, had time for long but did not
take it
[08:38 am] qwert : did you
go full position
[08:38 am] Ed : no
partial
[08:39 am] joeytsa : nice
trading
[08:39 am] qwert : same her
only 1/3
[08:39 am] qwert :
her=here
[08:40 am] khall : agreed
Mitch
[08:41 am] qwert : agree
100%
[08:41 am] taco : ya i pick on
kids at the playground
[08:41 am]
taco : right
[08:43 am]
joeytsa : negative energy draws
negative energy
[08:43 am] sman :
Being positive is very important!
[08:43
am] joeytsa : ha
[08:45 am]
electrader : Mitch, on normal charts
candle builds as price moves but on lightning
the candle doesnt show until time period is
up. what’s the reason for
this?
[08:45 am] joeytsa : Mitch:
DId you read the article on Spitzer/tax the
trader?
[08:46 am] joeytsa :
http://www.alternet.org/economy/eliot-spitzer
-tax-traders-it-would-solve-economic-crisis-a
nd-stop-reckless-activity
[08:47 am]
electrader : Gotcha. Thanks
[08:47
am] sman : FBR strong on 15min
& daily
[08:48 am] joeytsa :
same thing..tax the trader fix the economic
crisis, stop reckless activity
stuff
[08:51 am] khall : what about
stopping the reckless activity of the
lawmakers? It doesn’t solve that
one
[08:52 am] joeytsa : sure hope
it doesnt ever pass
[08:52 am]
joeytsa : i dont care how much revenue
it gives the govt…they will just waste it
anyways
[08:55 am] sman :
CYCC
[08:58 am] qwert : No shorts at
lightspeed on CYCC
[08:59 am] qwert
: Thx Ed on EBIX
[09:00 am] Ed : nice
going qwert
[09:02 am] Ed : thank you Sir
I mean King, I mean Mitch
[09:04 am]
sman : EMR
[09:05 am] Ed : nice sman
that was about 11%
[09:06 am] khall
: Wow – nat gas busting a move
[09:10 am]
qwert : Did you guys get the CYCC
short wow
[09:12 am] taco : no
qwert
[09:13 am] qwert : I couldnt
get any but will be really happy for anyone
who could :))
[09:13 am]
joeytsa : same here qwert
[09:18 am]
joeytsa : CP making nice small/steady
bull flag moves
[09:19 am] joeytsa :
every 50cent interval more or less so
far
[09:19 am] joeytsa : ES 578t buy
signal
[09:19 am] joeytsa : from the
sell signal 3pts higher
[09:20 am]
joeytsa : sitting on R1 also
[09:21
am] joeytsa : any Lightning users also
using indicators on your charts, or just
lightning?
[09:22 am] taco : i rely
more on volume and price still
[09:22 am]
Ed : i have the ma’s and OHLC
[09:23 am]
taco : s/r also
[09:23 am]
joeytsa : i still use same ones i
always do
[09:23 am] joeytsa : using
lightning buy/sell while looking for
divergences
[09:23 am] qwert : Ed do
you know how to make it so you get OHLC for
market open and not premarket?
[09:24 am]
joeytsa : last run up on ES 578, gave
nice sell signal to take
[09:31 am]
khall : I did – and just
added
[09:32 am] khall : 5R and 3 m
for longer term picture
[09:32 am]
khall : on Lightining
[09:32 am]
qwert : nice khall
[09:32 am]
joeytsa : i have the 5R up also
kat
[09:33 am] khall : thanks
qwert
[09:33 am] joeytsa : nice
trading
[09:34 am] khall : got it –
thanks 🙂
[09:35 am] joeytsa : 26
buy signals on the ES 578 so far, each
one has given at least a 3 tick
move
[09:35 am] joeytsa : same with
the sell signals
[09:36 am] qwert :
wow nice
[09:36 am] joeytsa : im
trading on my 340T when i enter
[09:36 am]
lisas : Joey, 3 tick versus 3
pts?
[09:37 am] joeytsa : some of
those moves are really fast
[09:37 am]
joeytsa : 3ticks yes lisa
[09:37 am]
lisas : Is that what you are
targeting?
[09:37 am] joeytsa : on
those geurilla trades yes
[09:37 am]
apple : that seems a little
quick
[09:37 am] lisas : Just got
done restoring my TS. Never had to do that
before
[09:37 am] apple : what
happened lisa?
[09:38 am] lisas : it
froze, corrupted my files, not sure why. May
not like Ninja, lol
[09:38 am] apple
: that could be the culprit…
[09:38 am]
joeytsa : you can target more, but will
have more chops
[09:39 am] apple :
nice drop on LMCA
[09:39 am] joeytsa
: one idea is after 3 ticks, move stop up to
break even or +2, then trail up from
there
[09:40 am] joeytsa : ES has
more volume, so yes
[09:41 am] lisas
: Lunch break, later all
[09:41 am]
khall : I haven’t done the ES lately –
I’ve had great results with the YM
[09:41
am] apple : nice khall
[09:41 am]
joeytsa : YM not as liquid, but gives
nice moves also
[09:42 am] apple :
oh, look at ONXX nice
[09:42 am]
khall : Yeah, I’ll have to sim the ES
with Ligthning and see if that’s easier for
me
[09:42 am] klas : Lisa were you
able to hook up ninja with TS?
[09:42 am]
joeytsa : see you all for the final
90
[09:43 am] qwert : bye
joey
[09:43 am] Ed : not good idea to hook
up ninja with TS
[09:43 am] qwert :
are you trading the december or the january
on the ES
[09:43 am] apple : that’s
why i would not be able to trade with
it
[09:43 am] Ed : very limited on symbols
and cummbersome
[09:44 am] apple :
bye joey
[09:47 am] apple : just
found out one of my best friend’s mother
passed, need to go to the funeral, etc.
see you all tomorrow, have a wonderful
evening. thx. MK, E and
everyone.
[09:47 am] Mitch K: ok take
care
[09:47 am] Ed : sorry to hear
apple
[09:47 am] qwert : bye
apple
[09:53 am] qwert : monitoring
RHT
[09:54 am] taco : take care
apple, sorry
[09:57 am] khall : yes,
one contract
[09:57 am] khall :
watching it closely at this point
[09:58
am] khall : yes 🙂
[09:59 am]
khall : yes, and three minute
[09:59
am] khall : which also has a
sell
[10:01 am] khall : I think you
are right. I’m kind of debating holding
this contract overnight – but not so sure
I’ll do it
[10:02 am] khall : I
appreciate the advice – you have more
experience than I do
[10:03 am]
khall : yes, I’m looking at larger
timeframes to consider a swing
[10:04 am]
khall : okay
[10:04 am] khall
: I see big move, likely to turn down soon –
don’t hold overnight
[10:05 am]
khall : LOL!!!!
[10:06 am]
khall : Exactly – right
[10:06 am]
khall : I am not feeling picked on at
all. I appreciate the lesson
[10:21
am] sman : that’s not obsessed, that’s
passion for what u do!
[10:22 am] Ed : but
Mitch does this after every
45minutes sleep
[10:23 am]
sman : lol
[10:24 am] khall :
that’s very true
[10:25 am] khall :
yes
[10:26 am] sman : Emotions – are
my challenge
[10:29 am] Ed : agreed Mitch,
bcuz once u trade at more consistency the
flipside can be taking thing for granted like
anticipating, overleverage, etc
[10:30 am]
murano : MRX
[10:32 am] sman :
RIMM
[10:32 am] qwert : monitoring
RIMM
[10:32 am] qwert : Sman types
faster :))
[10:33 am] sman :
jwn
[10:34 am] Ed : sman has a
secretary
[10:35 am] qwert :
hahaha
[10:35 am] sman : ff – fast
fingers!
[10:36 am] sman : 1
keyboard helps
[10:48 am] chinhngo :
long jwn at 52.29
[10:50 am] sman :
regn
[11:12 am] sman : OEH – low
vol
[11:13 am] chinhngo : sold jwn
at 52.65 thank mitch
[11:14 am]
qwert : monitoring TPX
[11:16 am]
Mitch K: hi chingo, you using Lightning for
exit signals?
[11:17 am] chinhngo :
my lightning not working with real
time
[11:17 am] Mitch K: you dont have a
datfeed yet?
[11:18 am] Mitch K: you need
to subscribe to Kinetick for $50 a month for
stocks
[11:18 am] sman :
SIX
[11:18 am] Mitch K: actually $65 with
nasdaq, amex and NYSE
[11:18 am]
klas : Mitch will that also gewt
futures data?
[11:20 am] Mitch K: that is
stocks only, futures is higher but you can
get most all these costs for free once you
connect to one of their brokerage partners
once a month, make connection
[11:21 am]
qwert : CNX pop
[11:21 am] Mitch K:
my monthly fees are around $370 and i get it
for under $50 once i connect
[11:21 am]
klas : So i need an IB
account
[11:21 am] chinhngo : i paid
kinetic 100.00 per month but still not get
real time update
[11:22 am] Mitch K: email
[email protected] and give them your login
id and explain to them.
[11:22 am]
chinhngo : i have to do this by
manually so bad
[11:23 am] chinhngo
: i did
[11:25 am] chinhngo :
watch arna
[11:26 am] sman :
LNG
[11:27 am] Ed : hey chin, Mitch says
he will go through how to connect
[11:27
am] Ed : after market close
[11:27 am]
chinhngo : yes after market
close
[11:27 am] joeytsa : missed
top on SIX
[11:30 am] qwert :
ALJ
[11:31 am] chinhngo : THANK
MITCH
[11:37 am] murano :
M
[11:45 am] chinhngo : short m at
39.0
[11:47 am] joeytsa : ES in a
3pt range
[11:47 am] sman :
FISV
[11:48 am] joeytsa : nice one
sman
[11:50 am] joeytsa : nice
looking chart on multi timeframes
[12:00
pm] joeytsa : 2 straight sell signals
on ES, about 13 minutes apart
[12:01 pm]
sman : SRE
[12:01 pm] joeytsa
: has support at R1 though @
1410.50
[12:07 pm] doji : Back…
did I miss som?tehing
[12:08 pm]
joeytsa : ES hitting range
resistance
[12:08 pm] victor51 : Hi
Ed, 39.54 M short was great call. How did you
figure that no.?
[12:09 pm] Ed :
confluence of 3ma’s @near that
level
[12:09 pm] joeytsa : nice call
on FISV sman, decent short
[12:09 pm]
victor51 : thanks. what
intervals?
[12:12 pm] murano :
Thanks for FISV sman
[12:12 pm] doji
: so the SPY is now in the green after being
down almos 0.6%?….
[12:12 pm]
victor51 : 8, 21, and 50 mva?
[12:13
pm] joeytsa : those are decent
intervals victor
[12:13 pm] Ed : 10,20 and
50sma’s
[12:13 pm] joeytsa : another
good set there
[12:14 pm] victor51 :
You gus are smart, incl. sman/murano amd
more
[12:14 pm] joeytsa : hard part
is that they all come in handy at
times
[12:15 pm] joeytsa : so can be
confusing which to use
[12:16 pm]
joeytsa : NFLX making lower
highs
[12:16 pm] victor51 : Joey,
learning from you guys everday and seems like
it will continue for me. Thanks
[12:16 pm]
joeytsa : im still learning
to
[12:16 pm] joeytsa : my biggest
problem is overthinking
[12:16 pm]
sman : EDU
[12:16 pm] taco :
i’m alittle confused, M only got to
39.16
[12:17 pm] Ed : great point taco,
this is why u never fixate on price but look
for weakness as it approaches potential areas
o resistnace
[12:18 pm] taco : that
was what u would have liked to see
right?
[12:18 pm] joeytsa : BIDU
50cent drop on volume
[12:18 pm] Ed : as
example 100 can ge potential resistance and
stock shows weakness at say 99.12
[12:18
pm] Ed : or sometimes it can show weakness at
100.87
[12:19 pm] Ed : so u have to be
flexible and on lookout
[12:19 pm]
taco : right, your target was a good
case scenario you would like
[12:19
pm] Ed : It would be too easy if stock always
hit exact
[12:19 pm] joeytsa : good
point Ed, rarely is a certain # the exact
high/low
[12:19 pm] Ed : Right,
taco
[12:19 pm] joeytsa : price can
always over/understoot
[12:19 pm]
taco : ok, just chekn
[12:20 pm]
taco : thot my data was off
[12:20
pm] Ed : u can pinpoint areas you would like
to see, but still be flexible on what
price,vol does
[12:20 pm] taco : ok,
thanks. i had entry at 39.05 then saw your
post and exited lol
[12:20 pm] doji
: See FSLR, we were expecting to break 30. It
broke 30 but showe weakness at 30.49 and then
sold off. The right setu was to go long after
the open when it started to move up
[12:20
pm] joeytsa : and looking at M , that
high area, most candles closed well below the
candle high
[12:21 pm] taco : right
thanks guys
[12:21 pm] Ed : nice example
doji
[12:21 pm] doji : unless there
was a massive short covering and panic after
it broke 30
[12:22 pm] joeytsa :
DISCA
[12:22 pm] joeytsa : same with
DISCK
[12:23 pm] victor51 : Mitch,
it will be great if you can share your view
on stop loss limit with Lightning
signals
[12:25 pm] shorty :
Lightning had fun with QLIK today..thanks
Mitch!
[12:27 pm] doji :
PAY
[12:27 pm] joeytsa : AAPL into
support area
[12:28 pm] doji : APPL
has been weak the whole day… if it closes
near the LOL tomorrow it could see more
selloff
[12:29 pm] doji :
FSLR
[12:29 pm] joeytsa : Lightning
still nailing the ES
[12:32 pm]
joeytsa : BIDU ugly charts
[12:33
pm] joeytsa : 15m,60m,daily all
ugly
[12:33 pm] Ed : sure is and look at
1min 2day chart
[12:33 pm] joeytsa :
NFLX trying to hold $84
[12:33 pm]
joeytsa : yeah, have all of them
up
[12:34 pm] joeytsa : built a
workspace with a 2,5,15,60,D setup
[12:34
pm] joeytsa : gives a nice quick
look
[12:35 pm] joeytsa : tighten
DISCA if short
[12:36 pm] joeytsa :
would like to see 61.60 or 61.40
hit
[12:36 pm] joeytsa : AAPL
lod
[12:37 pm] joeytsa : BIDU
lod
[12:40 pm] joeytsa : ES into R1
support
[12:41 pm] joeytsa : all out
DISCA
[12:41 pm] joeytsa : getting
late and got bored 🙂
[12:42 pm]
joeytsa : buy signal on ES sitting on
R1 support, but trend down
[12:43 pm] Ed :
lot more internal damage than market
shows
[12:44 pm] Ed : the weight is
pulling overall markets down
[12:49 pm]
doji : AAPL lost 540
[12:50 pm]
joeytsa : NYSE BPI has been in a column
of O’s since early/mid nov
[12:51 pm]
khall : a big bear hug
[12:56 pm]
taco : thanks Mitch, Ed and all, have a
good rest of your day
[12:56 pm] Ed : c ya
taco
[12:56 pm] joeytsa : bye
taco
[12:56 pm] joeytsa : Thanks
Mitch,Ed, everyone, im out too..see you all
tomorrow, nice calls
[12:57 pm]
khall : Goodnight everyone – thanks for
the great calls…. have a good
evening
[12:58 pm] qwert : Good
night everybody cya all in the
am
[01:01 pm] chinhngo : i wait for
you
[01:02 pm] chinhngo :
yes
[01:02 pm] chinhngo : I already
have Kinetick Acct
[01:02 pm]
chinhngo : things are load up
already
[01:03 pm] chinhngo : the
only thing is that it is not automatically
update
[01:05 pm] chinhngo : I dont
have real time acct but I have
Forex
[01:06 pm] chinhngo : Actually
I have real-time data for all available forex
pairs, I don’t know what is that,
[01:07
pm] chinhngo : I am looking at IWM but
I have no real time update in my chart,
everytime I have to update data
manually
[01:07 pm] victor51 :
yes
[01:07 pm] mak : yes
[01:07
pm] chinhngo : Sorry No Speaker for
me
[01:08 pm] chinhngo : I mean
microphone
[01:14 pm] chinhngo : yes
I got it
[01:15 pm] chinhngo : I
already have it set up
[01:18 pm]
chinhngo : I don’t have interactive
broker
[01:20 pm] chinhngo : I don’t
have interactive acct ???
[01:21 pm]
chinhngo : I have no broker firm
acct
[01:22 pm] chinhngo :
charlesschwab
[01:23 pm] chinhngo :
my comm is 6.95
[01:23 pm] chinhngo
: what broker may I know
[01:24 pm]
chinhngo : but how I can get real time
without broker ??
[01:24 pm]
chinhngo : I got kinetick set
up
[01:25 pm] chinhngo :
yes
[01:25 pm] chinhngo : I mean I
don’t get the chart update automatically, I
have to do it manually by refresh
[01:26
pm] chinhngo : my phone is
714-204-7730
[01:26 pm] chinhngo :
thank you
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