[06:24 am] Ed : Boehner will be speaking @
11:12 est
[06:31 am] Mitch K: watching
ALLT for bottom
[06:31 am] Ed : Advanced
trade monitor this drop on GOOG for
potentilal buy
[06:31 am] Mitch K:
watching GOLD for bottom
[06:31 am] Mitch
K: watching AAPL for bottom
[06:31 am]
Mitch K: watching PRGO for top, trades both
ways, mostly short
[06:32 am] Ed : see how
CVS reacts to 50.20ish area
[06:32 am]
Mitch K: watching INFI for top, needs more
movement up
[06:34 am] Mitch K: ALLT
getting interesting, watch for
botgtom
[06:34 am] Mitch K: watching TSCO
for top
[06:36 am] Ed : monitor INFI for
potential breakout with strong vol
[06:36
am] Mitch K: watching FIS for
bottom
[06:37 am] Mitch K: watching FFIV
for bottom
[06:38 am] Mitch K: watching
IOC for top
[06:38 am] Mitch K: watching
ENDP for short on top of this bounce,
soon
[06:38 am] Mitch K: watching PSX for
bottom
[06:40 am] Mitch K: watching CGEN
for top,
[06:41 am] Mitch K: watching APC
for bottom
[06:41 am] Mitch K: watching
FSLR for bottom
[06:44 am] Mitch K:
watching GOOG for bottom
[06:44 am] Mitch
K: watching EXPE for bottom
[06:44 am]
Mitch K: watching APKT for top
[06:45 am]
Mitch K: monitoring AVGO for bottom
[06:47
am] Mitch K: GOOG bouncing
[06:48 am]
Mitch K: monitoring CRUS
[06:50 am] Mitch
K: watching CME for bottom
[06:51 am]
Mitch K: monitoring low priced stock
NIHD
[06:53 am] Mitch K: more downside on
CVS
[06:54 am] Mitch K: watching to sell
FSLR long
[06:55 am] Mitch K: watching FIS
to sell long, best price, not in
hurry
[06:57 am] Mitch K: watching LXK for
trades both ways, next one a short
[06:57
am] Mitch K: watching SRPT for bottom to
buy
[07:00 am] Mitch K: monitoring
ADBE
[07:00 am] Mitch K: watching APKT for
top soon
[07:02 am] Mitch K: FIS sell
signal on your long
[07:07 am] Mitch K:
watching JCP for top
[07:08 am] Mitch K:
monitoring CBI, needs more movement
up
[07:09 am] Mitch K: APC
bottoming
[07:09 am] Mitch K: lower lows
on PRGO
[07:09 am] Ed : continue to
monitor INFI for potential breakout also, but
with strong vol
[07:10 am] Mitch K: market
trying to bounce
[07:10 am] Mitch K:
consider covering IOC short
[07:10 am]
Mitch K: watcing ENDP for 2nd helping short,
no hurry
[07:12 am] Ed : no vol with INFI
so no go so far
[07:12 am] Mitch K:
watching CLR for short on top of
bounce
[07:17 am] Mitch K: good movement
in GC, gold, and CL moving well
[08:04 am]
Ed : SPY trading in very small
range
[08:06 am] Ed : SPY
dropping
[08:13 am] Mitch K: slow drip on
EXPE but looking to cover short and a long
scalp
[08:14 am] Ed : SPY new
lod
[08:22 am] Ed : just monitoring AGNC
right now
[08:23 am] Ed : would like to
see how AGNC reacts to the 30 area or
lower
[08:24 am] Ed : new hod on
INFI
[08:32 am] Mitch K: covered EXPE
short,, not long, waiting
[08:56 am] Mitch
K: on the EXPE trade long scalpman, i think
has limited profit potential. on a
stock that has been down all day, a buy
signal should sold into with a small profit
target
[08:57 am] Mitch K: not sure what
your entry price is though but it looks real
weak, EXPE
[08:58 am] Mitch K: looks good
scalpman, the odds are that EXPE returns back
to downtrend, most stocks im looking at
downtrend, made money today on short
side
[08:59 am] Ed : nice one
reshef
[09:00 am] Mitch K: just finsihed
covering FIS short
[09:00 am] Mitch K:
skydiver, i think a 2 min signal to open a
short is too long of interval, 1 min is good
entry and then monitor on a 2 min for
exit
[09:04 am] Mitch K: let me review
what most of you already know
[09:06 am]
Mitch K: this is my FIS trade long and then i
look for a short on the top of the
bounce
[09:07 am] Mitch K: and then i get
out of the short and leave it alone, i dont
chase a 3rd consecutive trade on a stock,
very rarely
[09:07 am] Mitch K: the two
green lines going down means there were two
orders
[09:07 am] Mitch K: the top there
is a sell long and then an immediate sell
short
[09:07 am] Mitch K: we need a big
mover, big swings. most stocks with
volume have tight spread so i dont mind
taking a market order after a
signal.
[09:08 am] Mitch K: first trade on
EXPE was a loser
[09:09 am] Mitch K: so im
done with EXPE for day, sure it is
bouncing, i personally dont interpret the
market as wanting to bounce, there is going
to be a lot of selling pressure starting in
this market,
[09:09 am] Mitch K: im not a
loser but the trade was but shorted on sell
signal
[09:10 am] Mitch K: jsn, i dont
have stops for these two trades because the
next opposing signal is my stop
[09:10 am]
Mitch K: this is what you are trying to do
basically. I dont have time to short at
open and scan for stock ideas
[09:11 am]
Mitch K: hope that makes sense
[09:11 am]
Ed : monitioring PBF Advanced trade, would
like lot more selling for potential setup for
long
[09:12 am] Ed : SPY new lod
[09:14
am] Mitch K: jsn, i waited for the by signal
on FIS and EXPE, i took the trade and waited
for next signal. by now you can get a
pretty good idea what stocks are good
candidates for moving. the bigger the
drop, the better the odds you make money on
the bounce. but i think more money is
in the original drop than the
bounce
[09:15 am] Mitch K: the biggest
challenge i found is trusting in signals so
the way to build that confidence is to stay
in simulator until you are consistently
getting good results. get yoru
confidence in signals
[09:18 am] Mitch K:
i think the way you have to look at trading
is if you stick with a system, have good
procedures, fairly good understanding how to
use this tool, the end of the day will
usually end up positive.
[09:18 am] Ed :
ECA halted news pending
[09:19 am] Mitch
K: i just noticed i had a small loss on APKT,
no big deal
[09:19 am] Ed : S&P
revises UK outlook to negative from
stable
[09:19 am] Ed : SPY
dropping
[09:20 am] Mitch K: watching CL
for a bottom, not moving a lot today but
should give a 7-10 tick bounce
[09:23 am]
Mitch K: if anyone has quotes on FDAX, good
looking chart on daily
[09:23 am] Ed : ECA
will resume trading 12:40est
[09:25 am] Ed
: PBF is IPO so purely price action
trade
[09:26 am] Ed : and if u have to ask
what price action is, you should pass as
well
[09:26 am] Ed : if ur new to trading
or not consistent would pass
[09:29 am] Ed
: SPY new lod
[09:40 am] Ed : passing on
PBF its a dud
[09:42 am] Ed : ECA
open
[10:11 am] Ed : SPY new lod
[10:23
am] Ed : getting bounce in SPY
[10:25 am]
Ed : SPY trying to break downtrend
[10:38
am] Mitch K: watching UNXL
[10:39 am]
Mitch K: doesnt look like UNXL is going to
move
[10:39 am] Mitch K: microtrade short
on ATHN
[10:48 am] Mitch K: overall, what
do you guys think of the Lightning beta
version so far?
[10:48 am] Ed : SPY
approaching near lod
[10:51 am] Mitch K:
so much for my comment about UNXL not looking
like it would have moved, already down 50
cents on a $16 stock
[10:51 am] Ed : SPY
new lod
[10:54 am] Mitch K: we are deep
into the 2nd version now. the number of
signals is way less, much fewer
signals. This will help immensely in
the futures market.
[10:55 am] Mitch K: i
am toying with the idea, just thinking about
having a version where you can have only a
handful of signals throughout the day on
futures, i mean the most cherry picked ideas
and when there is an alert to buy or sell,
any signal from that version should be taken
seriously.
[10:56 am] Mitch K: it is
possible that only 5-8 signals all day on
something as active as CL, crude
oil.
[11:11 am] Ed : SPY new lod
[11:11
am] Mitch K: watching CL drop, close 18
minutes to crude oil close, gets
volatile
[11:16 am] Ed : SPY new
lod
[11:59 am] Ed : SPY trading in range
at lows of day
[12:13 pm] Ed : SPY nearing
lod
[12:29 pm] Ed : vo today l is about 5%
below 3 month avg
[12:48 pm] Ed :
SPY pulling back
[12:49 pm] Mitch K: later
guys, i got to take off, see you
tomorrow
[12:57 pm] Ed : have a great
evening traders
| [06:05 am] lisas : and setting to alert
on close of bar
[06:05 am] joeytsa :
probabaly lisa
[06:05 am] lisas :
I’ll be watching that myself today on
stocks
[06:05 am] joeytsa : qwert: i
think the ES switches?
[06:05 am]
qwert : okay thx
[06:05 am]
joeytsa : now i just have to find where
to change stuff
[06:07 am] lisas :
go to columns again, highlight lightning,
that will get you to it’s settings, change to
true for bar close
[06:07 am] khall
: good morning all
[06:07 am] lisas
: I don’t think you can adjust it for
differerent symbons on same MA, because it’s
a column setting.
[06:07 am] lisas :
will just have to have several MA’s open I
guess
[06:08 am] scalpman :
GM
[06:08 am] scalpman :
Joey…hi…any gappers
[06:08 am]
joeytsa : Good morning Mitch,Ed,
everyone
[06:08 am] taco : CIEN is
up
[06:09 am] joeytsa : gap up:
GOOG,CVX,BBY
[06:09 am] joeytsa :
CVS not CVX
[06:10 am] joeytsa : SAM
big gap up on earnings, but low vol
[06:11
am] joeytsa : gap down:
AAPL,RIGL,HRG?
[06:11 am] joeytsa :
AAPL just lost $530 level
[06:12 am]
joeytsa : Lisa/Ed : i deleted MA,
things seem better
[06:12 am] elisha
: Good Morning Mitch, Ed and
everybody
[06:12 am] scalpman : 5
minutes…for coffee…
[06:12 am]
qwert : thx joey
[06:12 am]
joeytsa : love the idea of MA, just
need to figure how to make it work
[06:12
am] Ed : cool
[06:14 am] lisas : I’m
having problems getting charts populated. CPU
usage is only 5%. Guess I’ll try closing
MA
[06:14 am] lisas : Nope, that
didn’t fix it
[06:14 am] joeytsa :
weird
[06:14 am] skydiver : good
morning all
[06:14 am] lisas : I’ve
only got 4 charts open as well, not sure
what’s up
[06:14 am] joeytsa : Lisa:
chart comes up but nothing on it?
[06:15
am] joeytsa : try using the Lightning
template?
[06:15 am] lisas : yes,
going to reopen
[06:15 am] lisas :
yes, lightning was on. Restarting helps for
now
[06:16 am] lisas : oh, weird,
scaling way off on my 1 min
[06:16 am]
lisas : wow, blank charts
again
[06:17 am] joeytsa : even if
you choose the TSA template?
[06:18 am]
khall : Lisa, click a different
timeframe and see if it populates.
[06:18
am] lisas : on my one minute I have the
ribbon but no chandles, now just lost
all
[06:18 am] joeytsa : very
strange
[06:18 am] lisas : I have 4
time frames open, all same symbol
[06:18
am] khall : right, but if you change
the timeframe in a chart, it sometimes will
re populate – odd, I know
[06:18 am]
cowboyh : GM all
[06:19 am]
elisha : lisa – going to ask a basic
question. Have you connected to your
data feed?
[06:19 am] khall : LOL –
elisha, is that a “honey, is it plugged in?”
question?
[06:19 am] scalpman : New
set up today…12 small charts, 1 and 2
minute linked to Alerts…
[06:20 am]
scalpman : we’ll see how it
works
[06:20 am] reshef :
G.m
[06:20 am] lisas : where do you
live elisha
[06:20 am] lisas : I’m
coming after you, lol
[06:20 am]
lisas : yes, data is connected. I had
charts for about 30 mins this am, they they
just stop populating
[06:21 am]
skydiver : lisa have you prayed over
your computer yet? 🙂
[06:21 am] Ed : wish
could help lisa, I just know basics, and if
computer issue I figure out as I go
along
[06:21 am] apple : good
morning to all lucky traders
[06:21 am]
apple : gm E
[06:21 am] apple
: gm sky
[06:21 am] skydiver : gm
apple
[06:21 am] apple : gm
lisa
[06:21 am] apple : gm
reshef
[06:21 am] taco : hi
apple
[06:21 am] Ed : good morning
traders
[06:21 am] apple : gm
scalp
[06:21 am] qwert : gm
apple
[06:22 am] khall : gm apple!!!
🙂
[06:22 am] apple : gm
qwert
[06:22 am] scalpman : gm
apple, sky taco, ed qwert
[06:22 am]
apple : gm khall
[06:22 am]
skydiver : gm scalp
[06:22 am]
scalpman : and khall
[06:22 am]
apple : gm taco
[06:22 am]
apple : gm joey
[06:22 am]
apple : gm elisha
[06:22 am]
apple : gm MK
[06:22 am]
elisha : khall – just saw your post –
LOL to you. yes, but only because I
have been guilty of that sort of thing
myself!
[06:23 am] taco : BBY buyout
by owner by end of week
[06:23 am]
scalpman : Hi Mitch…he’s there
working hard already!
[06:23 am]
khall : that got a male friend of mine
smacked by his wife…
[06:23 am]
khall : just so you know –
LOL
[06:23 am] elisha : Good Morning
apple!
[06:23 am] scalpman : Sell
signal on CIEN premarket 9:12 EST
[06:24
am] lisas : well, rebooting Ninja
brings them back, will be interesting to see
how the morning goes, although I have to
leave at 10:00 anyway
[06:24 am]
elisha : well – I’m buffered by the
internet connection
[06:24 am] khall
: oh boy
[06:25 am] elisha : lisas –
I just saw your post – LOL to you
too
[06:25 am] joeytsa : thx
Ed
[06:25 am] skydiver : Boehner
speaking . . . then keep close watch on your
positions at that time
[06:25 am]
skydiver : yes. . .thnx Ed
[06:25
am] apple : thx sky
[06:25 am]
joeytsa : yeah, esp if he has negative
tone
[06:25 am] joeytsa : might have
to bracket the ES then 🙂
[06:26 am] Ed :
he and Pelosi always seem like they just had
a drink or 2, o3
[06:26 am] scalpman
: I need to calm down…this is my 2nd day
with Lightning…
[06:26 am]
scalpman : ..but I am
pumped…
[06:26 am] taco :
lol
[06:26 am] khall : if I had his
job I’d drink as well
[06:26 am]
joeytsa : if i had to look at pelosi i
would drink
[06:27 am] qwert :
hahaha
[06:27 am] scalpman : Joan
Rivers is her plastic surgeon
[06:27 am]
go4it : I wonder why Boenher has been
crying
[06:27 am] joeytsa :
haha
[06:27 am] Mitch K: hey scalpman,
good job, you get my email?
[06:28 am]
scalpman : No I did look yet this
morning….I will later
[06:28 am]
scalpman : thanks mitch
[06:29 am]
skydiver : time to
rumble!!! 🙂
[06:29 am]
elisha : are you a wrestling fan
ED?
[06:29 am] taco : he was
one
[06:29 am] Ed : back in late
70’s
[06:29 am] joeytsa : seems like
the ES 12-12 is trading better than the
3-13
[06:30 am] joeytsa :
BIDU
[06:30 am] Ed : ur right
joey,
[06:31 am] apple : have a
class again today. back
later.
[06:31 am] joeytsa : will
keep eye on both contracts
[06:31 am]
skydiver : take care apple
[06:31
am] mikewd2 -: WLT
[06:32 am]
joeytsa : watching FFIV
[06:37 am]
joeytsa : NFLX heating up
[06:37 am]
joeytsa : more downside on
FFIV
[06:37 am] joeytsa : eye on
COH
[06:39 am] joeytsa : watchign
CXO
[06:41 am] joeytsa : NFLX
pullback, not sure $91 holds
[06:46 am]
joeytsa : GOOG up because GoogleMaps
app back on the iOS store
[06:47 am]
skydiver : yes and I just downloaded
that app this morning – nice to have google
maps back on Iphone 🙂
[06:47 am]
joeytsa : free app?
[06:47 am]
khall : now you won’t get lost
🙂
[06:48 am] joeytsa : between
home and “office” 😉
[06:48 am]
skydiver : 🙂
[06:48 am]
joeytsa : APC trying to find
bottom
[06:50 am] joeytsa : Business
Inv # in 10 minutes, nat gas # at
7:30pdt
[06:51 am] skydiver : thnx
joey
[06:51 am] skydiver : X – take
over chatter
[06:52 am] taco : INFI
running up
[06:52 am] joeytsa :
things seem kind of rangebound?
[06:52 am]
khall : YES
[06:53 am]
skydiver : yes joey – seems that
way
[06:53 am] joeytsa : good,
thought my charts were messed up
[06:53
am] khall : I think everyone may be in
a holding pattern
[06:54 am] joeytsa
: ALLT still weak
[06:54 am] mikewd2 -:
out ENDP short, ty Mitch +0.7
[06:55 am]
joeytsa : GM dropping
[06:55 am]
taco : i meant APKT
[06:57 am]
skydiver : watching JOY
[06:57 am]
joeytsa : NFLX testing hod
area
[07:00 am] lisas : Taking off
for appt, be back later. Just for info, my MA
has been doing a good job of giving signals,
seems to match chart signals well
[07:00
am] mikewd2 -: AUXL
[07:04 am]
joeytsa : good to know lisa,
thanks
[07:08 am] joeytsa : BIDU
forming cup, just watching
[07:09 am]
trader8s : RIMM
[07:09 am] mikewd2
-: missed top in JCP
[07:09 am] mikewd2 -:
WLT hod, at pivot
[07:09 am] joeytsa
: trader8s : new to the room?
[07:09 am]
trader8s : yes
[07:10 am]
joeytsa : welcome to the room
[07:10
am] trader8s : Thanks
[07:10 am]
joeytsa : ES,CL both slow trend
up
[07:11 am] Ed : welcome to thr room
trader8
[07:11 am] joeytsa : nice
bounce on CLR
[07:11 am] trader8s :
hey Ed
[07:14 am] qwert : welcome
trader8
[07:14 am] skydiver : lost
internet – my cat somehow played with my cat
6 chord and disconnected me —
[07:14 am]
joeytsa : 🙂
[07:15 am]
joeytsa : as long as he doesnt mess
with your D augmented chord 🙂
[07:15 am]
mikewd2 -: NFLX bounced off pivot
[07:16
am] skydiver : yes joey — 🙂
[07:16
am] qwert : SRPT
[07:16 am]
scalpman : JOey….ha JOey plays the
guitar!
[07:16 am] joeytsa : AMZN
moving
[07:16 am] scalpman : We are
in accord
[07:17 am] joeytsa :
guitar,piano,sax 🙂
[07:18 am]
skydiver : I play organ keyboard
accordian — we have a group
[07:18 am]
joeytsa : yeah Mitch, esp following
trend
[07:18 am] joeytsa :
🙂
[07:18 am] joeytsa : RLGY
moving
[07:18 am] joeytsa : lower
vol
[07:20 am] joeytsa : bus inv
were flat, nat gas in 10 minutes
[07:21
am] joeytsa : NFLX testing
$93
[07:23 am] qwert : watching
UAL
[07:24 am] shawn : You short
NFLX ED?
[07:24 am] Ed : no did
not
[07:25 am] mikewd2 -: NFLX hasn’t yet
broke the uptrend
[07:26 am] joeytsa
: ES trading near pp
[07:27 am] taco
: watching ALLT
[07:28 am] joeytsa :
trail ALLT if short
[07:28 am]
joeytsa : looks like it wants to
bottom, but been weak
[07:29 am]
joeytsa : nat gas coming out
[07:30
am] Ed : hey shawn usually when stock cant
breakout of key area, its good short but you
have to be quick and nimble
[07:30 am]
khall : nat gas went nuts!
[07:30
am] mikewd2 -: inv up 2bcf
[07:30 am]
joeytsa : NG gave 27t trade in 18
seconds
[07:31 am] khall : yeah, I
had an order standing and got filled and made
$ before I knew what was going on –
LOL
[07:31 am] joeytsa :
haha
[07:32 am] joeytsa : did you
bracket/strangle it or just take a chance to
the upside?
[07:32 am] khall :
downside order
[07:33 am] khall : it
was filled before the crazy bounce
[07:33
am] joeytsa : i didnt get mine in on
time
[07:34 am] khall : that was the
fastest I’ve seen it move on inventory
numbers
[07:34 am] joeytsa : going
to keep that play in mind every weds @ 7:30
though 🙂
[07:36 am] khall :
it’s a nice one
[07:36 am] khall :
PRGO is falling nicely 🙂
[07:37 am]
joeytsa : break time, see you all later
🙂
[07:37 am] skydiver : see ya
joey
[07:37 am] taco :
enjoy
[07:41 am] scalpman :
Mitch..on ther Lightning Alerts box, is there
a way to have scroll so the next one at the
bottom is visible, maybe it is set
wrong?
[07:44 am] mikewd2 -: DECK at 40,
pivot, hod
[07:49 am] skydiver : BBY
– financing not being completely lined
up
[07:53 am] regatta : watching
CLNE
[08:04 am] lisas : scalp, you
want to invert the display order?
[08:09
am] scalpman : Thanks I get
it.
[08:09 am] scalpman : so, that
the new one appears at the top.
[08:09 am]
scalpman : Then at day end, you can go
through all the signals .
[08:10 am]
skydiver : SCTY ipo just
opened
[08:10 am] scalpman :
Wait…lisas, how do the instrument has sort
order…so that’s not it. What is the
property
[08:12 am] scalpman : Oh.
by time..
[08:12 am] skydiver : all
out of SCTY long
[08:13 am] taco :
nice one
[08:15 am] lisas : stepped
away again, looks like you figured it
out!
[08:15 am] scalpman : Switching
to 2 min Lightning chart only
[08:15 am]
lisas : You can click on any column to
sort by that feature.
[08:16 am]
lisas : Are you asking how to change
ligtning in MA to 2 min? or your just saying
that’s what you are doing
[08:17 am]
lisas : wow, I’m spelling as bad a
Ed
[08:17 am] Ed : welcomes
[08:24 am]
mikewd2 -: don’t see it in on my charts Ed,
re: INFI
[08:25 am] mikewd2 -: Boehner
speaking
[08:25 am] Ed : that was post
from earier still sittin there I
hit
[08:25 am] mikewd2 -: ok
[08:26 am]
Ed : nice visual
[08:26 am] Ed : by
Boehner
[08:32 am] scalpman :
AGCN
[08:32 am] scalpman :
AGNC
[08:33 am] Ed : I would like a test
closer to 30 on AGNC
[08:33 am] mikewd2 -:
bounced right off pivot at 30.40
[08:34
am] qwert : monitoring SWKS
[08:36
am] mikewd2 -: WLT back at hod
[08:38 am]
scalpman : I have quite a story to tell
today with Lightning.
[08:38 am]
lisas : ????
[08:39 am]
skydiver : good to hear it scalp —
today been a bit of a struggle for myself
🙂
[08:39 am] joeytsa : missed the
Boener speech
[08:39 am] mikewd2 -:
SIX
[08:40 am] joeytsa : be careful
with SIX, trades weird
[08:40 am] mikewd2
-: too low vol
[08:40 am] qwert :
BA
[08:41 am] scalpman : I was
working my new system. 12 mni charts,
one very every symbol called in the
room.
[08:41 am] qwert : incident
with generator on 787
[08:41 am]
scalpman : I linke alerts to 1
and 2 minute. I learned to day to
change every to 2 minutes. I use 1 minute on
TS trading platform
[08:42 am]
scalpman : I trade over 20
symbols…too many I couldn’t manage them
all.
[08:43 am] lisas : Is that how
many you normally trade?
[08:43 am]
scalpman : I had a ocean of green and
didn’t have the skill to know which to take
profit or let ride.
[08:43 am]
scalpman : no lisas
[08:43 am]
qwert : 20 at the same time?
[08:43
am] scalpman : I was
experimenting.
[08:43 am] lisas : I
did that tues, lol
[08:43 am]
scalpman : So I left alot of profits on
the table when the reversd.
[08:43 am]
lisas : didn’t work too well for
me
[08:44 am] lisas : did you figure
out how to change Lightning in MA to 2 min
Scalp?
[08:44 am] joeytsa : too many
alerts started to drive me crazy
haha
[08:45 am] scalpman : I was
down $500 but then as things slowed I started
settling down. I now up 446.
[08:45 am]
scalpman : I trade better after the
first hour. I cannot mange the
speed.
[08:45 am] joeytsa : yeah,
you had mentioned that before
[08:45 am]
joeytsa : best to find what works for
you both stocks and times
[08:45 am]
scalpman : The 1 minute signals are
usually followed (today and yesterday) by
rebound.
[08:46 am] Ed : nice going
scalp
[08:46 am] scalpman : I few
kept going, but most retraced. In those
positions if I entered, and keep I wide stop,
many turned out OK>
[08:46 am]
regatta : 6J seems to have some nice
cycling
[08:47 am] mikewd2 -: WLT breakout
with some vol
[08:47 am] skydiver :
niced scalp
[08:47 am] joeytsa :
good research scalp
[08:48 am] lisas
: ditto what joey said
[08:48 am]
scalpman : WLT called, I made small
chart with default TSA Lightning
Template.
[08:48 am] scalpman : and
entered symbol in TRADE statioiin
platform
[08:49 am] scalpman : will
watcg
[08:49 am] scalpman : WLT may
turn here.
[08:49 am] scalpman : no
sell on WLT in Lightning
[08:49 am]
mikewd2 -: I shorted at 36.81
[08:50 am]
mikewd2 -: WLT at 3 day hi, stop slightly
above that
[08:52 am] lisas : I
don’t know about you scalp, I still like
looking at my TS mulit time frame set up with
regular bars in addition to my 4 time frame
Ninja charts
[08:53 am] skydiver :
short WLT 36.89
[08:53 am] scalpman
: Expe Buy signal, @ 58.59 but dropped to
.55, then .62, now .57…..so it is
tricky
[08:53 am] skydiver :
Lightning has a sell signal on one minute but
not 2 minute on my system
[08:53 am]
lisas : yes, still have to look at
S&R levels on larger time
frames
[08:54 am] scalpman : I am
long EXPE..with stop at 58.39
[08:54 am]
joeytsa : EXPE in overall downtrend
though
[08:54 am] scalpman : taking
profits on last piece of INFI S.
[08:55
am] scalpman : I feel like a
trader….this tool is just great…it keeps
you focused…
[08:55 am] skydiver :
careful scalp, you’ll become a mentor for
others 🙂
[08:56 am] joeytsa : just
dont lose focus haha
[08:56 am]
skydiver : keep up the good work focus
scalp 🙂
[08:56 am] scalpman : I
wouldn’t mind that….
[08:56 am]
scalpman : WLT drop
profitable.
[08:57 am] mikewd2 -: I’m
hoping for a drop near the 36.45
pivot
[08:57 am] scalpman : 7 Trades
on 5 green
[08:58 am] reshef :
CME
[08:58 am] skydiver : just got
the sell signal on 2 minute on WLT a moment
ago
[08:58 am] scalpman : I did
mention yesterday I am in the SIM
experimenting…so I have no allusions. Still
testing the tool.
[08:59 am]
skydiver : nice however scalp —
I’m using very small amount of shares at this
point
[08:59 am] scalpman : Trailing
1/2 on WLT
[08:59 am] scalpman : I
am trading standard $20,000 for full
position.
[08:59 am] skydiver :
gotcha scalp
[08:59 am] scalpman :
OUt 1/2 WLT
[08:59 am] scalpman :
cover 1.2
[09:00 am] skydiver :
that’s what I was wondering Mitch — okay —
will do — also just received hardware to
increase my internet speed 🙂
[09:00 am]
skydiver : will install it
today
[09:00 am] scalpman : There;s
the WLT SELL signal…a little late
[09:00
am] scalpman : but we watch for 2nd
helping.
[09:00 am] khall : CL
knocking on $87 door
[09:01 am]
scalpman : Yes I am monitoring 2 min.
Order on 1 minu
[09:01 am] khall :
Harry Reid speaking
[09:02 am]
scalpman : Closing APKT small
loss…
[09:03 am] scalpman : BUY on
CLNE I was long already. This one may
move.
[09:03 am] scalpman : 6 trades
5 green
[09:03 am] reshef :
VTR
[09:03 am] skydiver : nice scalp
— good to hear 🙂
[09:04 am]
scalpman : Closing AGCN b.e,
[09:04
am] scalpman : INFI Sell signal, I was
already Short. Good confirmation.
[09:04
am] skydiver : okay Mitch —
listening
[09:04 am] scalpman :
Ready…
[09:05 am] qwert : yep
ready
[09:05 am] scalpman : Close
AVGO -$20
[09:08 am] qwert : nice
trade mitch
[09:08 am] taco :
textbook Mitch
[09:10 am] jsn13 :
Mitch, where were ur stops? Or do u use the
next signals to exit? So then u wont need a
stop?
[09:10 am] mikewd2 -: tightning stop
on WLT
[09:11 am] skydiver : thnx
Mitch for the lesson 🙂
[09:11 am]
taco : thanks Mitch
[09:11 am]
qwert : thx mitch
[09:11 am]
scalpman : Thanks mitch.
[09:12 am]
joeytsa : Lightning, at least to me on
futures, seems to work best when signals are
put in overall context
[09:12 am]
joeytsa : but that is with any
indicator
[09:12 am] jsn13 : Ok so u
dont care if a stock breaks lod and goes much
lower before a signal, u wont really
care?
[09:13 am] jsn13 : anyway
thanks for the explanation….I can see ur
rationales…
[09:13 am] joeytsa :
ES S1 is 1422.25
[09:13 am] joeytsa
: trading at 1423 now
[09:13 am]
skydiver : Break time — be back in
10
[09:13 am] joeytsa : enjoy the
coffee
[09:13 am] Ed : He is trusting his
system fully, makes sense since he devloped
it, like anything else one has to have
confidence in system he/she trades
[09:14
am] taco : c ya sky
[09:14 am] Ed :
c ya sky
[09:14 am] skydiver : thnx
Ed — that’s what I’m working on — trusting
the system 🙂
[09:14 am] skydiver :
be back in a bit
[09:14 am] taco :
Ed, what costume did you wear when
wrestling?
[09:15 am] Ed : tells you when
I stopped watching, I like Rick Flare in his
yonger days
[09:15 am] joeytsa : he
had a big robe just like Ric Flair,
woooooooo
[09:15 am] taco :
lol
[09:15 am] Ed : lol
[09:15 am]
joeytsa : i still watch that garbage
haha
[09:15 am] reshef :
MTW
[09:16 am] jsn13 : thanks alot
mitch and ed for ur insights….they are
really helpful in handlingn the worst case
scenario…we would feel more secure looking
at ur trades…
[09:16 am] joeytsa :
nice pullback on NFLX
[09:16 am]
elisha : Ed, my husband used to say
wrestling was soap opera for men
[09:16
am] joeytsa : jsn: as long as you keep
your risk at a level you can handle, you will
be fine
[09:17 am] joeytsa : a buddy
of mine wrestles for WWE
[09:17 am] Ed : I
hear you, but it was my grandmother that I
got me watching it
[09:17 am] elisha
: funny
[09:17 am] joeytsa :
wrestling was huge back then Ed
[09:17 am]
taco : which guy?
[09:17 am]
taco : joey
[09:17 am] Ed : Rick and
Roddy
[09:17 am] joeytsa : right now
he is called R-Truth
[09:17 am]
joeytsa : had a few wrestling names
over the years
[09:17 am] Ed : he has to
be 80 now
[09:17 am] scalpman :
Mitch, the signal give a price. do you go for
that price or market, or limit.?
[09:18
am] elisha : I first watched when
Gorilla Monsoon was wrestling
[09:18 am]
joeytsa : flair born in 1949
[09:18
am] joeytsa : NFLX into $91
[09:19
am] joeytsa : agreed Mitch
[09:19
am] joeytsa : ES trying to hold
S1
[09:20 am] scalpman : Time to
go…great day…learned a lot..
[09:20
am] joeytsa : nice one scakp
[09:20
am] joeytsa : scalp
[09:20 am] Ed :
c ya sky
[09:20 am] taco : be good
scalp
[09:20 am] scalpman : By all.
thanks mitch and guys…
[09:20 am]
scalpman : Scalpman has left the
building!
[09:21 am] joeytsa :
Mitch: if CL makes a small bounce, sell might
give a nice one too
[09:21 am]
joeytsa : 40c range for the most
part
[09:24 am] taco : JCP new
hod
[09:26 am] joeytsa :
🙂
[09:28 am] Ed : was looking for loss
of1426.50 on ES all day and missed
[09:29
am] Ed : It even gave 2nd chance at short
trading under that level
[09:29 am] Ed : I
think Im fired
[09:30 am] Ed : Ok shook it
off now rehired
[09:30 am] regatta :
ed, you could have file for
unemployment
[09:31 am] lisas : like
your secretary?
[09:31 am] Ed : now u
tellme
[09:31 am] Ed : I hired the
secretary back, its just that she does not
know
[09:31 am] lisas :
lol
[09:32 am] lisas : Darn, I was
counting on that .45 per hour
[09:32 am]
Ed : and thats in pesos also
[09:32 am]
regatta : if we keep printing more
money that might be a deal
[09:32 am]
lisas : we’ll have to tell her to join
a union
[09:33 am] Ed : uhh ohh
[09:33
am] lisas : to protect her from robber
barons like you:)
[09:33 am] Ed : u mean
the american way
[09:33 am] Ed : how is ur
day going trader8s?
[09:35 am]
elisha : Well, the bloom is off the
rose Ed. You haven’t asked me how my
day is going since I don’t know
when!
[09:35 am] Ed :
ooooooooooooooooooooops
[09:35 am] Ed :
Hello young lady how is ur trading going??
🙂
[09:36 am] elisha : How
perceptively kind of you to ask.
Hanging in there like the rat terrier I
am.
[09:36 am] lisas :
funny!
[09:36 am] elisha :
”)
[09:36 am] Ed : ur on sim
right?
[09:36 am] elisha : mas
oui
[09:37 am] joeytsa : ES now
trying to hold 1420
[09:37 am] Ed : u get
the short joey
[09:37 am] joeytsa :
when it lost S1
[09:38 am] joeytsa :
after the retest
[09:38 am] Ed : must be
brain dead nice test of hod gave signal and
light would have kept one in trade for
700/contract
[09:38 am] Ed : actually more
of test of premarket high
[09:39 am] Ed :
meant 350/contract
[09:39 am]
joeytsa : might try letting the ES run
more
[09:39 am] joeytsa : i get
in/out quick
[09:41 am] Ed : eyes says
hello to all
[09:41 am] taco : hi
eyes
[09:41 am] joeytsa : the YM
trending down also
[09:41 am] lisas
: tell him hi back
[09:41 am] elisha
: hello eyes
[09:42 am] Ed : he made it to
a town where he could send email
[09:42
am] lisas : where is he?
[09:42 am]
joeytsa : is he going back to
Iowa?
[09:42 am] lisas : you can’t
send emails from Iowa
[09:42 am] Ed : yes,
he is vacationing
[09:43 am] Ed : in
Peru
[09:43 am] lisas : joey, what
do your pivots have as s2 for ES?
[09:44
am] joeytsa : S2 is 1417.75
[09:44
am] lisas : mine are 1417.58, pretty
close.
[09:44 am] lisas : What
pivots do you use?
[09:44 am]
joeytsa : only thing is that i cant see
them all at same time
[09:45 am]
joeytsa : lisa: the indicator is just
called Pivots
[09:46 am] lisas : are
you using the built in one on TS?
[09:46
am] joeytsa : on ninja that
is
[09:46 am] lisas : oh, ok,
thanks
[09:47 am] joeytsa : i
believe my TS pivots is called Floor Trader
Pivots..only using TS for stocks
[09:48
am] lisas : I’ve seen those, but never
used them. Seems you find them useful on
stocks if I remember correctly?
[09:48 am]
joeytsa : yeah, but honestly i liked
the pivots on eSignal better
[09:48 am]
joeytsa : but the TS ones work, there
are a couple different ones
[09:48 am]
joeytsa : mike uses a different set of
pivots than i do
[09:49 am] lisas :
are they about same levels, but look
different, or are price levels significatly
different?
[09:49 am] joeytsa :
price levels a bit different, its how they
are calculated
[09:50 am] joeytsa :
they arent magic, kind of use them to eyeball
targets
[09:50 am] lisas : rollover
today in es, ym I think
[09:50 am]
joeytsa : correct, but ES 3-13 had low
vol earlier
[09:51 am] lisas :
volume may move to march by mid
afternoon
[09:52 am] joeytsa : looks
like 3-13 has move vol though, noticed S1
levels and price at different
levels
[09:52 am] joeytsa : wierd, i
have ES 12-12 near 1420.75, 3-13 near
1412.75
[09:53 am] lisas : yes,
there will be a price difference
[09:54
am] joeytsa : good to know, i never
compared the 2..just usually
switched
[09:55 am] lisas : Volume
bars on Dec ES still higher than Mar
ES
[09:56 am] joeytsa : i dont even
have volume on mine
[09:56 am] lisas
: you’re on a tick chart
[09:56 am]
go4it : Ed r u long ECA?
[09:56 am]
lisas : looked at my 3 min
chart
[09:57 am] joeytsa : yeah, but
can still add vol as indicator
[09:57 am]
taco : AAPL below s2
[09:57 am]
lisas : yes, but won’t mean anything on
a tick chart
[09:59 am] joeytsa :
right
[09:59 am] joeytsa :
FB
[10:00 am] reshef : GCO
[10:04
am] reshef : LQDT
[10:09 am]
joeytsa : tighten FB, having issues at
ma’s
[10:15 am] joeytsa : Gold/GC
downtrend past hour
[10:17 am]
joeytsa : decent trade, guessing
$700/contract??
[10:18 am] joeytsa :
ES held S2 so far, but looks weak
overall
[10:22 am] joeytsa : France
starting to get mad at the huge exodus of
wealthy people haha
[10:23 am]
joeytsa : lots are moving to
Belgium
[10:23 am] Ed : what do they
expect right
[10:23 am] joeytsa :
idiots
[10:24 am] joeytsa : new
hidden tax in 0bamacare starting to scare
companies too
[10:25 am] Ed : thats why
supreme court called it tax
[10:25 am]
joeytsa : guess maybe they should have
read the bill first??
[10:25 am]
joeytsa : NFLX coming up to $91
again
[10:27 am] skydiver : just
waiting to see a mass exodus of wealthy
people in the US to Belgium or some other
country for same reason
[10:27 am]
joeytsa : who knows
[10:32 am]
joeytsa : lunch time, see you in
30
[10:32 am] skydiver : enjoy
jeoy
[10:49 am] Ed : Its a great system
Mitch and Im not a paid actor
[10:50 am]
Ed : It can help all levels of
traders
[10:50 am] taco : if what
joey says is true, that the better the trader
the better it will be for them, i can see it
benefitting me more as i improve
[10:50
am] Ed : key is basic understand of markets
and discipline
[10:52 am] regatta :
lightning is a neutral 3rd party who answers
y/n to trade and y/n to exit, helps kill
emotions
[10:52 am] regatta : i like
it
[10:53 am] skydiver : Ligtning
helping me to stay in stocks longer . . just
need to adjust to it for a bit longer to get
more confidence
[10:54 am] khall :
yay!
[10:54 am] skydiver : souinds
good Mitch 🙂
[10:56 am] khall : you
know, I think that’s an idea worth
pursuing
[10:56 am] qwert : wow that
sounds great mitch, getting used to
lightning and really liking it
:))
[11:05 am] joeytsa : ES keeps
toying with S2
[11:05 am] joeytsa :
push below with vol might send it to
1415,1412
[11:07 am] khall : NG
busting a move
[11:08 am] joeytsa :
nice khall, that dbl bot on pos div..too bad
i was gone
[11:10 am] khall : I
didn’t get the whole move because I was
putting my lunch dishes in the
dishwasher…
[11:10 am] joeytsa :
something has been going on with HLX, but not
my type of stock
[11:10 am] regatta
: busting a move….now that’s old
school
[11:10 am] joeytsa : oh the
comments i could make khall
haha
[11:10 am] khall : ha ha
ha
[11:10 am] joeytsa : regatta:
wasnt that Young MC??
[11:11 am]
regatta : think so
[11:11 am]
khall : yep
[11:11 am] khall :
you know what to do G – bust a
move!
[11:11 am] joeytsa : i used to
know the whole rap haha
[11:12 am]
joeytsa : Mitch: GC giving nice trades
today also
[11:14 am] regatta :
rapmaster joeysta
[11:14 am] joeytsa
: haha
[11:14 am] joeytsa : quick
funny story…
[11:14 am] regatta :
CIEN
[11:15 am] joeytsa : my road
bad, i was the only white guy, so hotels
found it “safer” if the white guy rapped as
opposed to one of the black band
members
[11:15 am] joeytsa : band
not bad
[11:15 am] joeytsa : so i
had to learn any raps that were in
songs
[11:15 am] khall : that’s
hilarious
[11:16 am] joeytsa : and i
had to sing all of the rock songs
haha
[11:17 am] joeytsa : NG another
leg up
[11:17 am] joeytsa : just
gave sell on 5R chart
[11:30 am]
elisha : joey – just curious, why is
HLX not your kind of stock?
[11:30 am]
joeytsa : its a go-nowhere, no-volume
stock for the most part
[11:31 am]
elisha : ah – thanks
[11:31 am]
khall : Gotta run – see you wonderful
peeps in the morning – have a great rest of
the day
[11:31 am] joeytsa : bye
khall 🙂
[11:31 am] skydiver : bye
khall
[11:31 am] taco : c ya
khall
[11:31 am] elisha : bye
khall
[11:32 am] joeytsa : elisha:
plus it normally has a small intraday
range
[11:33 am] joeytsa : but it
made a nice recovery from $18 to
$18.50
[11:33 am] elisha :
ok
[11:34 am] elisha : i saw that so
thats pretty much why I ws wondering.
Thought you had some mysterious calculations
you were using
[11:35 am] joeytsa :
sorry, just an eyeball..once i see small vol,
spaces between candles, i just move
on
[11:36 am] elisha : no apologies
needed – you’re the expert
[11:36 am]
joeytsa : it looks like it may have
been halts at one point
[11:36 am]
joeytsa : looks like a 10min gap
between candles before the big drop
[11:37
am] elisha : ok – now you got me.
How can you tell theres a 10 min gap between
candles?
[11:38 am] joeytsa : i put
my cursor over the larger green candle which
was at 10:57pdt…
[11:38 am]
joeytsa : next candle i have on chart
is large red one at 11:07pdt
[11:38 am]
joeytsa : thats on
tradestation
[11:38 am] taco :
thanks MItch Ed and all, have to go . c you
tomorrow. hope a couple quality ideas come
up
[11:38 am] joeytsa : on
lightspeed, i see a gap between the
candles
[11:38 am] joeytsa : bye
taco
[11:39 am] elisha : bye
taco
[11:39 am] joeytsa : BIDU back
into a bit of support area
[11:40 am]
elisha : joey – its on my NT chart
also. It just doesn’t show by looking
at it
[11:41 am] elisha : I thought
there had to be a flat line when a stock was
halted
[11:41 am] joeytsa : hmmm,
maybe NT plots things differently?
[11:41
am] elisha : thanks for pointing that
out. I have never looked for that
before
[11:41 am] joeytsa : i only
use NT for futures, so not exactly sure how
stock info prints
[11:42 am] elisha
: it prints great, I really like Ninfa
charts
[11:42 am] elisha : Ninfa =
ninja
[11:43 am] joeytsa : its a
popular platform
[11:43 am] elisha :
still lots to learn
[11:44 am]
joeytsa : always
[11:45 am]
joeytsa : NG just gave sell signal on
lower high, but currently still in
uptrend
[11:59 am] joeytsa : final
hour coming up, maybe get a little
move?
[12:11 pm] joeytsa : TCK
spike
[12:11 pm] joeytsa : moved
back and forth 60c
[12:13 pm] qwert
: watching RRC
[12:18 pm] mikewd2 -:
COG
[12:20 pm] murano : HK
[12:24
pm] mikewd2 -: TXI
[12:24 pm]
joeytsa : BIDU back into $95, had lost
that earlier support level
[12:30 pm]
joeytsa : thx Ed, seems slow
[12:30
pm] joeytsa : im watching my tick
counter
[12:30 pm] joeytsa : when
you see it moving down 1 at a time, you know
things are slow
[12:31 pm] mikewd2 -:
vrx
[12:31 pm] joeytsa : mike: nice
call on COG
[12:31 pm] mikewd2 -: TXI
working out ok also
[12:32 pm]
joeytsa : COG recovered the whole drop
plus some
[12:34 pm] Ed : nice calls
mike
[12:34 pm] mikewd2 -: think i finally
got my etrade scanner tuned! lol
[12:35
pm] mikewd2 -: KFRC
[12:35 pm] mikewd2 -:
KFRC
[12:37 pm] joeytsa : little
buying coming in
[12:39 pm] joeytsa
: did any news come out?
[12:39 pm]
mikewd2 -: watching TSO
[12:43 pm] mikewd2
-: Boehner headed to white house for face to
face with OBAMA
[12:49 pm] mikewd2 -:
SHS
[12:49 pm] joeytsa : have a
great day Mitch
[12:49 pm] skydiver
: bye Mitch – have a good day
[12:49 pm]
qwert : bye mitch thanks for a great
day
[12:49 pm] joeytsa : careful
with vol on SHS
[12:49 pm] elisha :
bye Mitch
[12:50 pm] joeytsa : 75%
total vol on those 3 candles
[12:50 pm]
qwert : watching TPX
[12:55 pm]
skydiver : have a good one guys and
gals — see you tomorrow
[12:55 pm] Ed : c
ya sky
[12:55 pm] skydiver :
🙂
[12:55 pm] joeytsa : bye
sky
[12:56 pm] elisha : bye
sky
[12:56 pm] lisas : got back just
in time for the close. Looks like Mitch has
some great progress on version 2?
[12:57
pm] joeytsa : bye Ed
[12:57 pm]
qwert : goodnight Ed and
everybody
[12:57 pm] lisas : bye
Ed
[12:58 pm] joeytsa : Thanks
everyone, see you all tomorrow
[12:58 pm]
elisha : Good Night all and
thanks
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