| (06:29 am) Mitch :October 1, 2013, Tuesday
Pre Market Up: QIWI, AAPL, MRK, TSLA, NLFX,
EDG, CREE, Pre Market Down: NUGT, OLED,
GOLD, ALKS, ADSK
(06:31 am) Mitch :watching ADSK
(06:31 am) Mitch King:looking for a buy
signal soon in CL, should last a while
(06:31 am) JoeyTSA :eye on NUGT
(06:32 am) Murano :watching WAG
(06:32 am) Mitch King:watching WAG for top,
take time
(06:32 am) Mitch King:watching ANGI
(06:32 am) Mitch King:watching LNG
(06:32 am) JoeyTSA :CREE moving
(06:33 am) Mitch King:monitoring GNTX
(06:34 am) Mitch King:watching CSUN again
today, moving up, strong
(06:34 am) Mitch King:monitoring MHK
(06:34 am) Mitch :watching TQQQ
(06:35 am) Mitch King:watching GPOR
(06:36 am) Mitch King:watching DMND drop
(06:36 am) JoeyTSA :eye on MYGN
(06:36 am) Mitch King:watching FFIV for top
(06:38 am) Mitch King:WAG toppy
(06:38 am) Mitch King:monitoring HRB
(06:38 am) Mitch King:monitoring CLNE
(06:38 am) JoeyTSA :watching CLDX for
possible top
(06:39 am) Mitch King:watching SFUN for
bottom
(06:40 am) Mitch King:watching HCA for top
(06:40 am) Mitch King:watching VRX for top
(06:40 am) Mitch King:LPI toppy for short
soon
(06:40 am) Mitch :watching YY
(06:40 am) Mitch King:watching TSLA for
bottom to buy
(06:41 am) JoeyTSA :tigthen CREE if long
(06:43 am) Mitch :watch RMD for bottom
(06:43 am) Mitch King:monitoring CCE
(06:43 am) Mitch King:monitoring UA
(06:44 am) Mitch :monitoroing VIP
(06:45 am) Mitch King:watching ALKS for
bottom, not in hurry
(06:46 am) Mitch King:watching VALE, slow
motion drop
(06:47 am) Mitch King:watchign CBI for top
(06:47 am) Mitch :watching NUS for top, low
volume
(06:49 am) Ed :would like more selling closer
to the 80ish area
(06:49 am) Mitch King:watching FB for bottom
(06:49 am) Ed :Z monitoring
(06:50 am) Ed :thats on Z
(06:51 am) JoeyTSA :watching both QIHU and
SOHU again
(06:52 am) Mitch :watching SOHU for bottom
(06:53 am) Mitch King:watching CXO for trades
both directions, mostly long
(06:56 am) Mitch King:consider covering WAG
(06:58 am) JoeyTSA :tigthen /ES if short on
the loss of 1680
(07:00 am) Ed :*(US) SEPT ISM MANUFACTURING:
56.2 V 55.0E; PRICES PAID: 56.5 V 55.0E Sub
Indices: – New Orders Index: ## v 63.2 prior
– Production index: ## v 62.4 prior –
Employme more… (related EUR/USD SPY TLT IEF
SHY ) –
(07:04 am) JoeyTSA :BIDU moving a bit
(07:05 am) Mitch King:watching RH for bottom
(07:24 am) JoeyTSA :/ES testing r1 res
(07:35 am) Ed :SPY new hod
(07:43 am) Ed :monitoring BBEP for potential
long
(07:44 am) Ed :BBEP is an advanced type of
trade as Im looking to reverse the overall
trend
(07:45 am) Ed :If your nor consistent in ur
trading or are new to trading would not
attempt to trade BBEP
(07:47 am) Ed :ALWAYS REMEMBER THAT THEIR ARE
PLENTY OF OPPORTUNIITES IN MARKET PLACE SO
NEVER FEEL LIKE YOU HAVE TO TAKE A TRADE FOR
SAKE OF TAKING A TRADE
(07:48 am) Ed :ALWAYS REMEMBER THAT THEIR ARE
PLENTY OF OPPORTUNIITES IN MARKET PLACE SO
NEVER FEEL LIKE YOU HAVE TO TAKE A TRADE FOR
SAKE OF TAKING A TRADE
(07:48 am) Ed :REDUCING 3/4 bbep LONG
(07:50 am) Ed :You want to be discipline, so
that when a trades comes that fits your
style/plan your not so far in hole from
taking trades that dont fit ur style
(07:52 am) Ed :These are some of the critical
things that makes difference of beingin 10%
verses the 90% of traders that sadly fail
(08:00 am) Ed :So for new traders, or
inconsistent, traders. Best thing you could
do is try sticking to one type of strategy,
get really good at it becoming a specialist.
Next is keep in mind most money is made being
on side of trend. Next study,study,study, and
while you are learning keep share size
extremely small even if you only trade 10
shares. Who cares about comminsion, its
better than trading 2k shares and giving up
huge sums of money. The big money comes once
you get consistent/proficient, its at this
point you increase share size gradually, and
your profits will grow geometrically
(08:07 am) Murano :watching YELP
(08:09 am) Mitch King:thats ironic, sort of
funny markets rebound when government shuts
down
(08:15 am) Ed :stopped my last 1/4 of BBEP
long
(08:27 am) Ed :I would like more selling on
UTX first
(08:27 am) Ed :UTX monitoring also for
potential long
(08:32 am) JoeyTSA :QCOR vol spike
(08:45 am) JoeyTSA :eye on Z @ $85
(08:45 am) JoeyTSA :/ES now testing R2 res
area
(08:57 am) Ed :Obama will be speaking
12:30est
(10:01 am) JoeyTSA :0bama speaking
(10:08 am) JoeyTSA :SFY vol spike
(10:11 am) Mitch :real quiet in futures
market today
(10:13 am) Murano :watching FB
(11:02 am) JoeyTSA :CREE testing hod
(11:12 am) Ed :MGI alert
(11:19 am) Ed :14:15 (US) White House Press
Sec Carney: Offer for Piecemeal funding of
agencies recently put forth by the
Republicans is not a serious idea –
(11:26 am) JoeyTSA :/ES pulling back to R1
(11:35 am) Murano :watching PACB
(12:52 pm) Mitch King:hey guys, check your
email later today for announcement
(12:59 pm) Ed :have great eve traders
| (06:27 am) taco :good to see you Mitch 🙂
and everyone else
(06:27 am) skydiver :gm all 🙂
(06:28 am) taco :i’ll buy mitch an alarm
clock for xmas
(06:28 am) skydiver :sounds like a great
plan taco
(06:29 am) Murano :good morning
(06:31 am) JoeyTSA :Good morning everyone 🙂
(06:33 am) JoeyTSA :nice /ES bounce off pp
(06:41 am) JoeyTSA :CREE strong so far, just
dont give too much back
(06:42 am) Murano :cover 3/4 WAG
(06:43 am) JoeyTSA :missed BECN, but on
radar
(06:43 am) taco :same here murano thx
(06:44 am) JoeyTSA :ISM manufacturing #’s in
15min
(06:44 am) JoeyTSA :/ES trying to hold 1680
(06:45 am) JoeyTSA :nice trading on WAG guys
(06:46 am) sunil3 :CREE
(06:46 am) skydiver :watching TSLA closer
(06:47 am) skydiver :very nice on WAG
(06:48 am) Murano :covered last 1/4 WAG
(06:48 am) taco :great call WAG Mitch Murano
thx
(06:57 am) mbenco :is QIWI getting close to
a top?
(06:57 am) skydiver :getting impatient on
TSLA
(06:57 am) skydiver :I’m long TSLA at
188.78
(06:58 am) taco :nice pick of sky
(06:58 am) taco :pick off
(06:58 am) skydiver :covering 3/4 TSLA long
at 189.77
(06:59 am) JoeyTSA :nice sky, might get
another pop once markets finish this
pullback
(06:59 am) skydiver :thnx Joey — keeping
1/4 piece in it . . .
(06:59 am) JoeyTSA :CREE very nice so far
(07:00 am) skydiver :nice on CREE
(07:00 am) taco :nice joey
(07:01 am) JoeyTSA :mbenco : so far QIWI has
been strong
(07:01 am) JoeyTSA :see what it does here at
$34
(07:02 am) JoeyTSA :Ed: are those good #’s/
seen as a positive?
(07:03 am) Ed :yes
(07:03 am) JoeyTSA :thx, #’s always confuse
me and how they are interpreted
(07:06 am) JoeyTSA :eye on URI
(07:10 am) JoeyTSA :CREE really fighting at
65.50 area
(07:12 am) taco :did you take it on the pull
back joey? around 64 or over r3?
(07:12 am) JoeyTSA :eye on /CL here
(07:13 am) JoeyTSA :1st time on break over
$63
(07:13 am) JoeyTSA :2nd time after pullback
then push over 64.50
(07:14 am) taco :nice
(07:14 am) JoeyTSA :didnt short it , watching
to see if $65 holds
(07:14 am) JoeyTSA :but tis been a good run,
dont want to try to bleed a rock 🙂
(07:15 am) taco :gotcha
(07:15 am) taco :you were on the best side
of the trade anyways
(07:15 am) aniquppal87 :what guys think
about TWGP?
(07:15 am) Ed :mbenco, QIWI is tougher short
being that its in uptrend
(07:16 am) JoeyTSA :aniquppal ; i dont touch
stocks with very limited range
(07:16 am) mbenco :Ed I was wondering why u
were showing it on the screen
(07:16 am) JoeyTSA :not saying it cant move
from here, just way too many other movers to
focus on
(07:16 am) Ed :she was probably showing bcuz
it was moving at the time
(07:17 am) Ed :as traders we dont care
direction we just want movement
(07:17 am) JoeyTSA :QIWI gave great pullback
to $34, saw it but still missed it
(07:17 am) mbenco :right but the idea was to
go long or short
(07:17 am) Ed :no one posted it as an idea
(07:18 am) Ed :when posted, you will hear
chime in moderator box
(07:18 am) mbenco :ok thanks just trying to
figure it out.
(07:18 am) Ed :no problem
(07:18 am) JoeyTSA :also depends on the type
of trader you are mbenco
(07:20 am) aniquppal87 :I just joined the
chat room today, could anyone tell me where
do i look for the PIcks for today?
(07:21 am) mbenco :Joey I do both I was just
looking at the screen trying to figure out
what u guys were going to do with it
(07:23 am) Ed :you will find that even with
the moderators we have our own style, the
great part about trading it can fit all
personalities
(07:23 am) JoeyTSA :gotya mbenco
(07:23 am) JoeyTSA :im trying to figure my
calls out also haha
(07:24 am) JoeyTSA :QIWI was great, wish i
had it
(07:24 am) JoeyTSA :markets on nice move
(07:24 am) Ed :so while some make be looking
to take the QIWI for example long on
pullbacks as in nice uptrend, others may be
looking for reversal
(07:25 am) skydiver :TSLA long been working
, but very slow climb
(07:25 am) Mitch King:welcome aniquppa!
Trades are posted in the moderator box above
this user box Users also post and you can
research the ideas for trades.
(07:25 am) JoeyTSA :nice sky
(07:25 am) skydiver ::)
(07:26 am) Mitch King:symbols like ED just
posted /ES are futures
(07:26 am) JoeyTSA :almost grabbed the calls
@ $3.50 but didnt, now $5.25, oh well
(07:27 am) JoeyTSA :welcome to the room
aniquppal
(07:28 am) JoeyTSA :Ed, hope you got Z even
though you were looking for lower
(07:28 am) mac3 :I am new to the room, my
first day
(07:28 am) JoeyTSA :welcom mac3 also
(07:28 am) Ed :nope sure did not get Z
(07:29 am) Ed :was nice setup
(07:29 am) JoeyTSA :yeah, even gave nice
entry at $82, another miss by me
(07:30 am) Ed :will just have to sit and wait
for my high probability setup
(07:30 am) JoeyTSA :you mean heads or tails
🙂
(07:30 am) aniquppal87 :Thanks
(07:31 am) Ed :lol
(07:31 am) taco :Hi aniquppal and mac
welcome
(07:31 am) mac3 :thanks
(07:31 am) skydiver :welcome newcomers
(07:35 am) skydiver :all out of TSLA long
188.78 – 192.95
(07:35 am) JoeyTSA :$$$ky 🙂
(07:35 am) taco :excellent sky
(07:35 am) skydiver :now I wish I would have
kept all those shares, but still turned out
nice 🙂
(07:36 am) JoeyTSA :so easy to see after the
fact
(07:36 am) skydiver :yep
(07:36 am) JoeyTSA :only thing you could have
done was maybe just set stop at be and see
what happens
(07:36 am) skydiver :good point joey . . .
(07:36 am) skydiver :will work on that for
the future 🙂
(07:37 am) JoeyTSA :esp since it doesnt look
like price ever closed below 15ma?
(07:37 am) JoeyTSA :again, easy to see in
hindsight with no money on the line
(07:37 am) skydiver :right
(07:37 am) JoeyTSA :fun trading so far,
break time, seee you all in about 20
(07:38 am) skydiver :enjoy joey
(07:43 am) skydiver :and thnx to Mitch for
getting my eyes on TSLA – time 6:40 call
(07:48 am) taco :thanks ed, nice call. didnt
trade
(07:49 am) skydiver :thnx for reminder Ed
(07:51 am) taco :great advice
(07:56 am) skydiver :never liked following
the crowd — 10 percent disciplined traider
sounds good 🙂
(07:56 am) Ed :agreed
(07:59 am) aniquppal87 :i am up 4% TWGP-
SOLD!
(08:00 am) taco :nice one aniq
(08:02 am) skydiver :right on Ed. . .great
teaching . . 🙂
(08:02 am) taco :now i understand what
geometry is good for 🙂
(08:03 am) Ed :lol
(08:03 am) skydiver :Have a great day!!
Thnx Mitch Ed, and everyone — see you all
tomorrow morning . . more studying to do 🙂
(08:03 am) taco :haha
(08:03 am) taco :c ya $ky have a great day
(08:03 am) skydiver ::)
(08:03 am) JoeyTSA :great lesson Ed, bye
sky
(08:09 am) JoeyTSA :QIWI still a good one
also
(08:09 am) JoeyTSA :yeah Mitch, gotta love
logic 🙂
(08:16 am) JoeyTSA :nice job Ed
(08:17 am) taco :will watch /CL for dbl bot
(08:20 am) shawn3 :Is NFLX toppy Mitch?
(08:30 am) shawn3 :Any Ideas on NFLX
(08:31 am) Ed :NFLX is strong, has been
strong
(08:32 am) Ed :When stock is strong, you want
to get on train on pullback
(08:32 am) shawn3 :Its not breaking the high
of the day though
(08:32 am) Ed :I dont like shorting strong
stocks, just my rulle
(08:32 am) Ed :rule
(08:33 am) Ed :only way I would short NFLX,
is if price had moved over 3% in matter of
seconds
(08:34 am) Ed :see eventhough price has not
takeon out highs, you must ask yourself where
is my edge if I trade this stock now. Edges
are shown when vol comes in
(08:34 am) JoeyTSA :im actually looking for
next breakout on it 🙂
(08:35 am) shawn3 :k
(08:42 am) JoeyTSA :LCC hitting scanner, just
watching
(08:46 am) Murano :covered 3/4 YELP stop
last 1/4 70.03
(08:52 am) JoeyTSA :CREE now testing $67
(08:56 am) Murano :stopped last 1/4 YELP
(08:58 am) JoeyTSA :thanks
(08:58 am) JoeyTSA :at least he doesnt
interrupt the Cartoon Network 🙂
(08:58 am) taco :haha
(09:06 am) Ed :joey dont look now but Z
really moved
(09:06 am) JoeyTSA :yeah, i just grapped a
little bit actually
(09:06 am) Ed :hmmm
(09:07 am) Ed :u must share profits with
room:)
(09:07 am) JoeyTSA :on that pullback once it
broke $85
(09:07 am) Ed :ok
(09:33 am) JoeyTSA :did you get any there
Ed?
(09:40 am) JoeyTSA :SHLD making nice moves,
havent been in any of them though
(09:41 am) taco :watching /GC
(09:43 am) JoeyTSA :gold just whacked today
(09:53 am) JoeyTSA :nice call on /GC taco
(09:56 am) taco :wasn’t what i was looking
for but thx
(09:56 am) JoeyTSA :yeah, i didnt take it
(10:03 am) taco :Ed, where did you study
candle reading?
(10:11 am) JoeyTSA :i think 0bama just loves
teh sound of his own voice
(10:22 am) JoeyTSA :break time, see you in
40
(10:43 am) Ed :hey taco
(10:43 am) Ed :i studied from steve nison
(10:43 am) taco :thx
(10:44 am) Ed :no problem
(10:47 am) taco :a marketplace book The
Candlestick Course by steve nison, that one?
(10:47 am) Murano :FB trying to hold 50
(10:51 am) Ed :i took a crash weekend course
over 2 days thats normally 4 days
(10:51 am) Ed :Im sure same material is in
there
(10:52 am) taco :ok
(11:01 am) JoeyTSA :some youtube videos on
candles also
(11:04 am) Ed :when you search on youtube
just plug in steve nison. Alot of people
teach candles, but he will start you off
correctly from the start
(11:04 am) JoeyTSA :agreed
(11:04 am) taco :right
(11:07 am) electrader :Anyone get that pop
of CL?
(11:07 am) regatta :watching UNXL
(11:07 am) JoeyTSA :missed it elec, popped
while i was still away
(11:07 am) Ed :cree really nice
(11:08 am) electrader :Been waiting all day
for it to cross over 200sma. got 27 ticks
out of it
(11:08 am) JoeyTSA :great job
(11:08 am) taco :nice elec
(11:09 am) electrader :Thanks all! other
than that a very boring day in CL
(11:09 am) JoeyTSA :agree
(11:09 am) Ed :action came early in GC
(11:10 am) Ed :right at 8am est
(11:10 am) taco :were you short ed?
(11:10 am) JoeyTSA :yeah Ed, got hammered
down
(11:11 am) Ed :yes on break
(11:11 am) taco :nice
(11:12 am) electrader :Can really happen
fast with GC
(11:12 am) electrader :Most of the time too
fast for me
(11:13 am) Ed :yea GC is realy fast mover
(11:13 am) Ed :I like fast movers so it fits
my style
(11:14 am) electrader :I’m just not
experienced enough for that yet Ed
(11:14 am) taco :which support did you want
it to break for short ed?
(11:15 am) Ed :i used break of prev. days low
1321.7
(11:18 am) JoeyTSA :/GC can get very
volatile
(11:19 am) Ed :interesting strategy though
(11:19 am) Ed :on send each agency to get
funding
(11:19 am) taco :ya i like it, i got a piece
of the last bounce but want the nice move
down
(11:20 am) JoeyTSA :our govt is a mess
(11:20 am) JoeyTSA :might have to move to
canadia 🙂
(11:20 am) Ed ::)
(11:20 am) JoeyTSA :have taco built me a deck
on the back of my car 🙂
(11:20 am) taco :lol
(11:21 am) Ed :lol
(11:22 am) JoeyTSA :so 3 weeks ago we had
enough money to bomb syria, but today not
enough to open yellowstone park..gotta love
it
(11:27 am) taco :bring a parka too joey
(11:27 am) JoeyTSA :ummm, maybe i will stay
here in vegas
(11:30 am) taco :usually the move into pit
closing is a losing deal by the next day, so
i don’ timaging the pit guys are buying like
mad. what’s the driving force?
(11:30 am) JoeyTSA :no clue, but nice move up
last few minutes
(11:31 am) taco :same yesterday but loss of
$$ by this morn
(11:31 am) taco :i guess that’s why it sold
off so much
(11:32 am) JoeyTSA :maybe
(11:33 am) taco :doesn’t matter as long as i
stay on the profit side
(11:34 am) JoeyTSA ::)
(11:48 am) JoeyTSA :eye on /TF near R1
(11:50 am) JoeyTSA :watching SLXP, slight
attempt at breakout over $70
(11:52 am) JoeyTSA :CREE testing $69 now
(12:15 pm) JoeyTSA :getting ready to call it
a day
(12:15 pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Murano, traders
(12:15 pm) JoeyTSA :have a great day, see you
all tomorrow
(12:16 pm) taco :cya joey u too
(12:17 pm) Murano :see you joey
(12:18 pm) Ed :c ya joey
(12:43 pm) Murano :done for the day, see you
tomorrow
(12:44 pm) taco :cya murano
(12:54 pm) taco :thanks Mitch Ed Diosna and
everyone see you in the morn. enjoy your day
(12:55 pm) Mitch King:later taco man
(12:55 pm) Ed :c ya taco
(12:56 pm) taco :i’m going to change the
definition of taco when you look in the
dictionary. it’ll mean great profiter of
amazing set ups 🙂 haha
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