[06:24 am] Mitch K: thanks mike, good
eye
[06:28 am] Ed : good morning
[06:30
am] Mitch K: watching CSTR for
trades
[06:30 am] Ed : would use 50.30 on
RIG for long with STRONG vol
[06:31 am]
Mitch K: watching DDD for short
[06:31 am]
Mitch K: watching FSL for bottom
[06:31
am] Mitch K: watching RIG for top
[06:31
am] Mitch K: watching PRGS for top
[06:31
am] Mitch K: watching AEM for
bottom
[06:32 am] Mitch K: watching ag
checmical stocks for top: AGU, MOS,
MON, POT
[06:32 am] Mitch K: watching LULU
for trades both ways
[06:32 am] Mitch K:
watching BIDU for bottom
[06:33 am] Mitch
K: watch FOLD today, long side prob
best
[06:35 am] Mitch K: consider taking
profit on PRGS short, showing near this 21.75
area here
[06:35 am] Mitch K: watching
SODA for bottom
[06:35 am] Mitch K: BIDU
bouncing
[06:35 am] Mitch K: watching BBG
for bottom
[06:36 am] Mitch K:
sorry
[06:36 am] Mitch K: ocn
[06:36
am] Mitch K: watching CSTR closer
[06:36
am] Mitch K: worth monitoring CHKP again
today
[06:36 am] Mitch K: watching VRX for
bottom, not much activity
[06:36 am] Mitch
K: watching TRN for bottom
[06:37 am]
Mitch K: looking to gradually sell FSL
long
[06:37 am] Mitch K: watching ULTA for
trades, next one is short on top of bounce,
missed bottom
[06:37 am] Mitch K:
monitoring OCN
[06:37 am] Mitch K:
watching QIHU for top
[06:38 am] Mitch K:
watching KKD for shorts, little late at this
price of 10.90
[06:38 am] Mitch K:
watching BCEI for top
[06:40 am] Mitch K:
FSL toppy
[06:40 am] Mitch K: watching HLF
and NUS for micro short, worth monitoring
today
[06:40 am] Mitch K: watching SCTY
for top, Solar CIty
[06:41 am] Mitch K:
monitoring APKT
[06:41 am] Mitch K:
watching UA for bottom to buy
[06:44 am]
Mitch K: watching PPO for bottom
[06:44
am] Ed : reducing 3/4 RIG long
[06:45 am]
Mitch K: watching APKT closer
[06:47 am]
Mitch K: i still think HLF should have a lot
of selling pressure today
[06:47 am] Mitch
K: watching NSM, Nationstar Mtge, used to be
National Semiconductor
[06:48 am] Mitch K:
HLF getting interesting, going to be a good
trade long and then short on top of that
bounce
[06:48 am] Mitch K: HRL
toppy
[06:48 am] Mitch K: APKT
toppy
[06:48 am] Mitch K: the bounce on
HLF will be worth a long trade but wont last
long, the shorts should be bigger on drops
than the bounces
[06:49 am] Mitch K: im
going to slow down my scanning and focus on
HLF
[06:50 am] Ed : monitroing
COH
[06:52 am] Mitch K: 2nd helping short
on UA soon
[06:54 am] Mitch K: NUS not
following HLF pattern today, first
time
[06:54 am] Mitch K: consider reducing
SODA if long, watch for short on top of this
bounce soon
[06:55 am] Mitch K: new low on
HLF, acting exactly as it should
[06:56
am] Mitch K: FUTURES: watching 6E for
top, this tends to take a long time to move,
not fast mover usually
[06:57 am] Mitch K:
lCSTR probably turns into a trending stock up
form here
[06:57 am] Mitch K: COH
toppy
[06:57 am] Mitch K: watching a 4 and
5 range chart on 6E, this is Euro currency
futures, better to trade than EURUSD because
spread is tighter, cheaper to trade
[06:58
am] Mitch K: consider covering ag chemical
stocks MOS, MON. POT still up
[07:00
am] Ed : ISM #’s out
[07:00 am] Ed : SPY
new hod
[07:02 am] Ed : still monitoring
COH
[07:09 am] Mitch K: watching BBG again
for 2nd helping long and maybe 2nd short
again,
[07:10 am] Mitch K: CSTR trending
up afterall
[07:10 am] Mitch K: more
upside on TRN
[07:10 am] Mitch K: should
have more upside on VRX
[07:12 am] Mitch
K: little late to post
[07:12 am] Mitch K:
/GC long signal
[07:12 am] Mitch K:
watching WTW for top
[07:13 am] Mitch K:
CSTR probably $50 area go4
[07:14 am]
Mitch K: watching HLF for short here soon,
consider reducing or selling if
long
[07:15 am] Mitch K: watching WYNN for
microshort
[07:16 am] Mitch K: FFIV toppy
soon
[07:16 am] Mitch K: WTW
toppy
[07:16 am] Mitch K: you should be
out of your SODA long and into a short by
now
[07:17 am] Mitch K: watching LULU for
bottom to buy
[07:18 am] Mitch K: starting
to watch AAPL for bottom to buy, take time,
could drop a lot more with all these lowered
price targets by analysts
[07:19 am] Mitch
K: VRX tends to move really well both ways, a
trading favorite
[07:19 am] Mitch K:
watching VRX for top here for sell long and
enter smaller short initially
[07:20 am]
Mitch K: watching LINE for bottom, no
hurry
[07:21 am] Mitch K: thats probably
about it on the BBG 2nd bounce
[07:22 am]
Mitch K: looking for 60.10 area on VRX drop,
be flexible as a slinky
[07:23 am] Mitch
K: i tend to take real small profit targets
on a bounce like GC after this big of
drop.
[07:23 am] Mitch K: i dont have
a buy signal on GC 03-13 on 5 range
chart joey, do you?
[07:24 am] Mitch K:
may trading be like the last 3 days for rest
of 2013
[07:24 am] Mitch K: SPY near
high
[07:24 am] Mitch K: ok got it,
thanks. same rule applies, small profit
target on this bounce
[07:25 am] Mitch K:
latest anal ist gave $450 price target last
night
[07:25 am] Mitch K: watching AAPL
closer, more downside first though
[07:26
am] Mitch K: taking WTW off screen
[07:26
am] Mitch K: consider reducing UA short
soon
[07:40 am] Ed : getting bounce
in AAPL
[07:48 am] Mitch K: consider
reducing more UA short
[07:48 am] Mitch K:
should be a pretty decent bounce in AAPL,
probably near 534
[07:49 am] Mitch K: nice
APKT top, watch for 23.60 area to short on
any 2nd helping short
[07:57 am] Mitch K:
on UA next bottom should be tradable bounce
long
[07:58 am] Mitch K: new low on
AAPL
[08:10 am] Ed : SPY trading in small
range
[08:11 am] Mitch K: still watching
UA for bottom
[08:11 am] Mitch K: watching
BCEI for bottom
[08:12 am] Mitch K: UA
trying to bounce, could be just Mike’s
volume
[08:12 am] Mitch K: UA doesnt look
ready yet mike
[08:13 am] Mitch K: in the
mid 90s
[08:13 am] Mitch K: i had brokers
from Schwab telling me i was only buyer and
drove up stock prices
[08:15 am] Mitch K:
we are getting a little bounce here on UA so
that could be green light to buy for smalll
bounce
[08:15 am] Mitch K: another thing
you can do to help you pick a bottom is
increasing volume over 4 candles.
it is best to wait for a reversal to start
first
[08:18 am] Mitch K: watching /GC
02-13 for bottom
[08:19 am] Ed :
monitoring CELG strong so far
[08:27 am]
Ed : nice one qwert on LXK
[08:37 am] Ed :
monitoring EXPE for potential short
[08:38
am] Ed : that means stock makes hod and get
retest without new hod
[08:38 am] Ed :
been strong so would look for lower high on
stock, break of uptrend
[08:44 am] Ed :
for agressive traders if u took EXPE short
would cover some here
[08:52 am] Ed : nice
call on OPEN joey
[09:12 am] Mitch K:
monitoring HFC for potential short
[09:13
am] Mitch K: watching for another buy signal
in GC 02-13
[09:45 am] Mitch K: 6E cycling
well today
[10:28 am] Ed : tight trading
range on SPY
[10:41 am] Mitch K: 6E still
cycling well, GC giving off trades, CL in
downtrend
[11:15 am] Ed : monitor URI
@near that 50 level thx reshef
[11:34 am]
Mitch K: looking for a sell signal on 6E for
sell long and short. looking at 6E
03-13 on 5 range chart
[11:38 am] Mitch K:
joey you watching PL today?
[11:39 am]
Mitch K: you can get the datafeed
free
[11:39 am] Mitch K: hey mike, you
dont have to know much. put in symbol
on Lightning FuturesForex chart, try 5 range
chart, enter all your instruments, about 25
of them through Control Center, Tools,
Instrument Manager
[11:40 am] Mitch K:
when instrument is cycling well, ok to buy on
buy signal, sell on sell signals
[11:42
am] Mitch K: mike, look at these
charts. you dont need to study much,
just watch charts for awhile and trade in
simulator. look for movement like
this
[11:43 am] Mitch K: this is what your
Lightning shows. qwert you on
simulator?
[11:43 am] Mitch K: oh
Mikey
[11:43 am] Mitch K:
Platinum
[11:43 am] Mitch K: Euro currency
futures
[11:44 am] Mitch K: are you doing
well with real money qwert
[11:44 am]
Mitch K: even a caveman can do this
chart
[11:45 am] Mitch K: i havent checked
PA, Palladium today until now
[11:45 am]
Mitch K: yes mike,
[11:46 am] Mitch K:
victor, each exchange is about $76 a month
but if you go through that authentication
process each month like i showed you, you get
all this free
[11:47 am] Mitch K: oh gosh,
can you handle this chart or do you need your
hand held
[11:48 am] Mitch K: no, not a 1
point stop, thats too big
[11:48 am] Mitch
K: hey mike, you watching
[11:48 am] Mitch
K: if you cannot trade this chart, well, we
are going to send you to a facility,
institutionalize you
[11:49 am] Mitch K: i
have different stop settings for my style,
which are larger than Joey’s but you will
develope yoru own style
[11:49 am] Mitch
K: this is mini silver contract
[11:49 am]
Mitch K: mike, call Colleen, customer
care and she will get yoru LIghtning
futures. order kinetick datafeed for
NYmex, CME, which other ones joey
[11:50
am] Mitch K: Lisa was talking corn 2 days
ago
[11:50 am] Mitch K: ok thanks
joey. this is Copper
[11:51 am]
Mitch K: here is the german DAX index, can
get real good
[11:52 am] Mitch K: if you
want slower more predictable trading this 6E
is good, NG and ES, YM also
[11:52 am]
Mitch K: this is ES, too choppy
today
[11:53 am] Mitch K: hey qwert, were
you sending me a percentage of yoru futures
profits? you can start and backdate to
Jan 1st
[11:53 am] Mitch K: just make sure
you practice in simulator first
[11:54 am]
Mitch K: double liar
[11:54 am] Mitch K:
qwert, you’re lying, I can tell
[11:55 am]
Mitch K: you guys practice this for 3 to 6
months, for sure 6 months you should be quite
proficient
[11:56 am] Mitch K: i like to
switch back and forth between stocks, depends
on what is happening, its really good to have
both
[11:58 am] Mitch K: MBI good
short
[11:58 am] Mitch K: thanks
murano
[11:59 am] Mitch K: probably get
8.82 to cover, well over 2%
[12:10 pm] Ed
: SPY new hod
[12:15 pm] Ed : monitroing
OSIS for potential short
[12:16 pm] Ed :
use reduce shares has very low vol
[12:24
pm] Ed : SPY new hod
[12:34 pm] Ed :
covering 3/4 of OSIS short
[12:43 pm] Ed :
out all OSIS short
[12:45 pm] Ed : getting
some selling in SPY
[12:59 pm] Ed : have a
great weekend traders
[01:08 pm] Mitch K:
later guys, got a sell signal on 6E just
now
| [06:13 am] mikewd2 -: picked up AGQ
premarket, moving nicely
[06:13 am]
reshef : G. Morning
[06:14 am]
joeytsa : Good morning Ed,
everyone
[06:16 am] joeytsa : gap
up: GEVA,LLY
[06:16 am] joeytsa :
gap down: AAPL,LULU,ARAY,CSTRFSLR
[06:17
am] joeytsa : thats CSTR,FSLR
[06:17
am] mikewd2 -: out AGQ +1.00
[06:17 am]
reshef : ROVI, HNR, ENDP,
[06:17 am]
skydiver : gm all
[06:18 am]
eyes : Good Morning Everyone
[06:18
am] cowboyh : top of the morning to ya
everyone
[06:19 am] lisas : gm
all
[06:19 am] joeytsa : futures
going ballistic this morning, PL,GC
[06:22
am] shark : gm all
[06:22 am]
shark : nice trade, mike 🙂
[06:22
am] khall : good morning
[06:22 am]
mikewd2 -: ty shark
[06:22 am] mikewd2 -:
my day almost done – haha
[06:22 am]
joeytsa : same here haha
[06:23 am]
qwert : good morning to
everybody
[06:23 am] mikewd2 -: HLF moved
higher high, since sell off
[06:23 am]
mikewd2 -: during premarket
[06:24 am]
taco : gm all
[06:24 am] mikewd2 -:
VRX alert!!!!
[06:24 am] elisha :
Good Morning Mitch, Ed and everyone
[06:26
am] khall : gm elisha!
[06:26 am]
elisha : gm khall!!
[06:28 am]
khall : gm Ed
[06:29 am] mikewd2 -:
Watching RIG at 50.00
[06:30 am]
shark : watching LULU
[06:30 am]
shark : watching DDD
[06:33 am]
mikewd2 -: RVBD
[06:34 am] cowboyh :
SGY
[06:34 am] joeytsa : /ES sitting
near pp
[06:35 am] joeytsa :
watching SODA
[06:38 am] joeytsa :
watching IPGP
[06:40 am] joeytsa :
watching HAIN again, from yesterday
[06:44
am] mikewd2 -: FFIV
[06:44 am]
joeytsa : nice Ed
[06:44 am]
joeytsa : slight bounce on
/ES
[06:50 am] joeytsa : ISM
non-manufacturing # and Facotry orders
reports out in 10 min
[06:50 am]
joeytsa : nat gas at 7:30pdt, crude @
8pdt
[06:51 am] joeytsa :
unemployment rate ticked up to 7.8%
[06:53
am] khall : thanks Joey
[06:54 am]
joeytsa : /CL on a nice 30c
move
[06:55 am] khall : yeah, I
didn’t get filled on that order 🙁
[06:55
am] joeytsa : i didnt get the full
move
[06:56 am] joeytsa : /PL
testing hod/cup
[06:56 am] khall :
thanks Mitch
[06:57 am] shark :
watching KORS
[06:57 am] mikewd2 -: HLF
trying to bounce off PP
[06:58 am]
joeytsa : trail WTW if in
[06:58 am]
joeytsa : not the highest vol on WTW
though
[07:01 am] mikewd2 -: out FFIV
calls
[07:02 am] shark : LULU
testing lod area
[07:02 am] regatta
: watching BBG
[07:03 am] jsn13 :
watching /GC
[07:03 am] shark : AAPL
new lod
[07:03 am] eyes : you
looking to S COH
[07:03 am] joeytsa
: /ES pulling back to pp
[07:04 am] Ed :
yes, would like move into 56.50 area or 57
first
[07:04 am] eyes : ok
thanks
[07:04 am] joeytsa : ISM #
better, Factory Orders down
[07:05 am]
mikewd2 -: covered UA short, nice
ty
[07:06 am] Mitch K: hey eyes, you need
to be practicing in simulator for quite a
while, maybe a month. also suggest you
try using Lightning, it will help you.
call Colleen 503-650-6346
[07:06 am]
jsn13 : watch /GC at 1647 level for
long
[07:07 am] Mitch K: you cannot pick
up and go live today and expect to make
money, even the top traders know that time
off from trading at highest level will take
about 1-2 days to recover skills for each day
off you took
[07:07 am] apple : good
morning to all smiling traders
[07:07 am]
shark : 🙂
[07:07 am] skydiver
: gm apple
[07:07 am] cowboyh : gm
apple
[07:07 am] apple : gm
shark
[07:07 am] apple : gm
sky
[07:07 am] apple : gm
cowboy
[07:07 am] joeytsa : shark:
you follow DDD, they are planning to buy
GeoMagic
[07:07 am] shark : ready to
trade some AAPL?
[07:07 am] Mitch K: so i
figure for myself i need 2 days practice for
each 1 day i took off
[07:07 am] Mitch K:
eyes, please reply
[07:07 am] apple
: sure thing
[07:07 am] shark : thx,
joey. yes following
[07:07 am] eyes
: Ok thanks Mitch
[07:08 am] apple :
gm joey
[07:08 am] apple : gm
eyes
[07:08 am] mikewd2 -: out HLF
L
[07:09 am] taco : nice
mike
[07:09 am] joeytsa : jsn:
/GC a nice short so far
[07:09 am]
joeytsa : nice trade mike
[07:10 am]
taco : APKT dbl top
[07:10 am]
joeytsa : tighten WTW, coming into
$59
[07:10 am] shark : nice
joey
[07:10 am] joeytsa :
🙂
[07:11 am] apple : joey, you are
just too good
[07:11 am] mikewd2 -: CSTR
needs to push thru 49.17 pivot
[07:12 am]
joeytsa : missed nice short on /PL ,
dbl top neg div..cant catch them
all
[07:12 am] go4it : Mitch do you
have a target for CSTR?
[07:13 am]
apple : joey, you need an assistant or
just more hands
[07:13 am] joeytsa :
or an assistant with more hands 🙂
[07:13
am] joeytsa : FFIV in to $99, wonder if
$100 draws it?
[07:14 am] apple :
exactly…
[07:15 am] joeytsa : see
if it pulls back and holds $99
[07:15 am]
shark : LULU new lod
[07:15 am]
mikewd2 -: LULU weak
[07:15 am]
joeytsa : if it does, might be worth a
try
[07:16 am] taco : sWTW
59.37
[07:16 am] apple : nice
taco
[07:17 am] joeytsa : no WTW at
lightspeed or TS, looking for next long
though
[07:17 am] taco : thx apple,
gm
[07:19 am] mikewd2 -: misssed LULU
entry
[07:19 am] taco : closed WTW w
profit
[07:19 am] joeytsa : Nat Gas
# in 10 mins, /NG has been making higher
lows
[07:20 am] taco : RIG hod
new
[07:20 am] joeytsa : expecting a
Buy cover on /GC soon
[07:21 am]
joeytsa : there it is
[07:23 am]
taco : l AAPL sim 531.22
[07:23 am]
joeytsa : im using GC 02-13
[07:24
am] joeytsa : i use the default
contracts
[07:24 am] joeytsa : taco:
did you get back in the WTW short
[07:25
am] joeytsa : amen
[07:25 am]
shark : agreed
[07:25 am]
joeytsa : should, earnings season just
around the corner
[07:25 am] taco :
no, took small profit
[07:25 am]
taco : look 4 l
[07:25 am]
joeytsa : WTW coming into $58
now
[07:26 am] taco : i just see why
i could see another entry in WTW
[07:26
am] taco : nice
[07:26 am]
joeytsa : i couldnt get
shares
[07:27 am] taco : captured
few tick in /GC too sim
[07:28 am]
joeytsa : nice, /NG should have a
trade soon
[07:28 am] khall : nice
tick
[07:28 am] taco : RIG still
powering up
[07:30 am] shark : CSTR
CEO stepping down, CFO to replace
[07:30
am] go4it : thanks for CSTR
call Mitch +1%
[07:30 am] taco : wow
/NG
[07:31 am] joeytsa :
🙂
[07:32 am] taco : couldve gone
either way with report just then
tho
[07:32 am] joeytsa : yeah,
strangle worked though
[07:33 am]
joeytsa : dont always recommend that
though
[07:33 am] taco : di
you?
[07:33 am] joeytsa :
yeah
[07:33 am] apple : thx
shark
[07:34 am] taco : 3.270 and
3.230?
[07:34 am] joeytsa :
.240,.260
[07:35 am] joeytsa : hit
profit before i could raise it
though
[07:35 am] taco : oh the
problems
[07:36 am] joeytsa : not
complaining, just saying how fast thigns can
move at a report and how dangerous it can
be
[07:36 am] joeytsa : if it goes
against you
[07:36 am] taco : right
🙂
[07:36 am] joeytsa : if you use a
5min chart, or even a 1min sometimes..you
will get smoked
[07:38 am] taco :
what tick profit do you set normally?
joey
[07:38 am] taco : depends on
counter trend, report, which
future..?
[07:39 am] joeytsa : i
have a few ATM’s set up
[07:39 am]
taco : lots of variables i
suppose
[07:39 am] joeytsa : thats
just so i have a profit/stop in
[07:40 am]
joeytsa : usually have time to move
things unless report/news hits
[07:42 am]
joeytsa : also depends on if i have a
gut feel, will the move be an extended one or
am i looking for 2 or 3ticks as a
scalp
[07:43 am] joeytsa : FFIV back
into $98
[07:44 am] lisas : have
appt, taking off. If not back, have a great
weekend all
[07:44 am] taco : bye
lisa
[07:44 am] apple : bye lisa,
have a great weekend
[07:44 am]
qwert : bye lisa
[07:44 am]
taco : NUS approach hod
[07:44 am]
joeytsa : bye lisa
[07:45 am]
qwert : have a nice weekend
[07:46
am] khall : bye lisa – have a good
one!
[07:46 am] reshef :
apo
[07:48 am] joeytsa : break time
, see you in 20
[07:50 am] go4it :
FB
[07:50 am] apple : have fun
joey
[08:06 am] taco : NUS new
hod
[08:09 am] mikewd2 -: potential H/S on
APKT forming
[08:11 am] mikewd2 -: trying
UA long,
[08:11 am] mikewd2 -: stop just
below 49
[08:12 am] shark : nice
drop in KORS
[08:12 am] mikewd2 -: might
be early but like 49.00 as support
[08:13
am] qwert : hahaha
[08:13 am]
mikewd2 -: haha
[08:13 am] qwert :
LXK
[08:13 am] mikewd2 -: LXK nice
qwert
[08:15 am] apple : taking a
little break, back in a bit
[08:15 am]
apple : thx qwert
[08:16 am] mikewd2
-: liked those candle real body bottomed at
49.00
[08:17 am] mikewd2 -: out UA
0.35
[08:17 am] mikewd2 -: nearing
PP
[08:25 am] shark : all out KORS
s
[08:26 am] mikewd2 -: KORS bounced of
PP
[08:27 am] qwert : :))
[08:27
am] mikewd2 -: CME top?
[08:28 am]
go4it : at what point re: UA does a
bounce become a reversal
[08:28 am]
mikewd2 -: UA riding that pivot
point
[08:30 am] go4it : is the
pivot point the sma Mike?
[08:31 am]
taco : HLF might be getting
tired
[08:31 am] taco : /GC moving
down
[08:32 am] joeytsa : watching
ONXX
[08:32 am] go4it :
goUA
[08:33 am] mikewd2 -: The pivot point
itself is simply the average of the high, low
and closing prices from the previous trading
day
[08:34 am] mikewd2 -: CME still moving
up
[08:35 am] mikewd2 -: RIG doesn’t want
to go below 51.00
[08:38 am] taco :
thx ed
[08:39 am] joeytsa : thx
Ed
[08:41 am] mikewd2 -: RIG trying to
fall thru 51.00
[08:41 am] reshef :
CP
[08:42 am] mikewd2 -: watching
PANL
[08:43 am] joeytsa : ONXX into
hod area, tighten if long
[08:44 am]
shark : AAPL moving up
[08:44 am]
mikewd2 -: almost did Ed, but held off on
your comments
[08:45 am] Ed : thats more
of conservative play fyi: what i
mentioned
[08:45 am] mikewd2 -: AAPL
bouncing
[08:45 am] Ed : often it pays
most
[08:45 am] mikewd2 -: understand
Ed
[08:45 am] joeytsa : watching
OPEN
[08:45 am] mikewd2 -: will watch
retest on this bounce
[08:45 am]
joeytsa : about $1 drop past few
minutes
[08:46 am] qwert : thx
joey
[08:47 am] mikewd2 -: nice one
joey
[08:47 am] joeytsa :
🙂
[08:47 am] joeytsa : i didnt get
the short though
[08:48 am] mikewd2 -: you
long>?
[08:48 am] joeytsa :
not yet
[08:48 am] joeytsa : not
much vol on the book
[08:51 am]
qwert : Did you guys get open long i
passed seemed like strange action
[08:51
am] mikewd2 -: missed my entry
[08:51 am]
shark : nice one qwert, missed
it
[08:52 am] mikewd2 -: looking
good
[08:52 am] joeytsa : i let it
go, L3 looked weak to me
[08:52 am]
taco : back in couple hours. have a
good one guys
[08:52 am] shark : all
out AAPL l, b/e
[08:52 am] joeytsa :
but obviously i read it wrong haha
[08:52
am] mikewd2 -: it bounced to fast as i tried
to buy
[08:52 am] joeytsa : hope you
got it Ed
[08:53 am] joeytsa : if
anyone in OPEN, tighten stop here
[08:53
am] mikewd2 -: painful missing that
one!
[08:54 am] joeytsa : make check
payable to joeytsa 🙂
[08:54 am]
eyes : How do you all like
Lightning
[08:55 am] joeytsa : hey
eyes, wrote you back on fb
[08:55 am]
mikewd2 -: SRPT
[08:55 am] victor51
: Nice Joey. I was late
[08:56 am]
joeytsa : ONXX might set up
again
[08:56 am] reshef :
DKS
[08:59 am] eyes : got it Joey
thanks
[08:59 am] joeytsa : no
prob
[09:02 am] joeytsa : AMZN
hod
[09:03 am] joeytsa : /ES in a
2pt range approx
[09:03 am] mikewd2 -: out
AGQ +0.50
[09:05 am] joeytsa : nice
one mike
[09:09 am] victor51 : on
break
[09:10 am] eyes : See you all
later on
[09:13 am] khall : bye
eyes
[09:13 am] joeytsa : same here
Mitch, sitting on darvis support
[09:14
am] mikewd2 -: watching RIG
[09:16 am]
mikewd2 -: AAPL
[09:19 am] victor51
: UNXL short 16.07
[09:24 am]
joeytsa : victor: do you have a stop
set
[09:25 am] mikewd2 -: yeah, not liking
that short
[09:25 am] mikewd2 -: becareful
victor
[09:25 am] joeytsa : was nice
short at 16.40
[09:26 am] victor51 :
Out with dime loss Joey. Thanks.
[09:26
am] joeytsa : i was just
asking
[09:26 am] mikewd2 -: all out AAPL
calls +1.30
[09:27 am] joeytsa :
nice mike
[09:27 am] mikewd2 -: still down
for day though
[09:27 am] mikewd2 -: note
to self: follow day trading plan!!!
[09:28
am] joeytsa : mike: you played AGQ
earlier, check out the /SI
chart
[09:28 am] joeytsa : /SI is
$25/tick
[09:29 am] mikewd2 -: don’t think
i have a way of looking at it
[09:30 am]
joeytsa : looks like a 100 tick move in
about 30 minutes earlier
[09:30 am]
mikewd2 -: hope you got it
[09:31 am]
joeytsa : wished that i had
it
[09:31 am] joeytsa : approx
$2500/contract
[09:31 am] mikewd2 -: VI
down 6.25%
[09:31 am] mikewd2 -:
VIX
[09:31 am] joeytsa : but /SI has
much larger margin than other plays
[09:32
am] joeytsa : victor: did you get that
last short on UNXL on the lower
high?
[09:35 am] mikewd2 -: dang LULU
bounced back nice
[09:39 am]
victor51 : Hi Joey, I had to go to
Fidelity to get it at 9:16 at lower
low
[09:40 am] mikewd2 -: watching CSTR
again
[09:41 am] joeytsa : gotya
victor
[09:42 am] joeytsa : nice
continuation on ONXX
[09:46 am]
joeytsa : never even put 6E up
today..some decent moves
[09:49 am]
joeytsa : IPGP making a down
move
[09:51 am] reshef :
IPGP
[09:53 am] mikewd2 -: figured out why
i don’t get this on my scanner – not enough
daily vol
[09:54 am] joeytsa : that
will do it
[09:57 am] mikewd2 -: long on
CSTR
[09:58 am] joeytsa : /CL on
decent move
[10:01 am] joeytsa :
funny how on futures there is always at least
1 signal given at the top of every
hour
[10:02 am] reshef : D
[10:09
am] joeytsa : /CL up and over
$93
[10:09 am] joeytsa : just gave
sell signal
[10:11 am] qwert : joey
i forget what setting are you trading CL
on
[10:12 am] joeytsa : im using 4R
on /CL
[10:12 am] qwert : okay
thx
[10:12 am] joeytsa : 5R on
everything else except /ES
[10:12 am]
qwert : thx
[10:13 am] joeytsa
: not sure what settings are best, its just
the ones i have settled on and try to make
the best out of them
[10:13 am]
qwert : ive been trading CL on 250v and
nat gas using 4r and 5r
[10:14 am]
joeytsa : i try to keep things simple,
so i dont drive my self crazy switching back
and forth
[10:14 am] joeytsa : this
weekend during football i might pull some
charts up and check other chart
settings
[10:15 am] qwert :
monitoring MR
[10:16 am] qwert :
Good luck to your Redskins
[10:17 am]
joeytsa : thanks..hoping for a
Redskins/Broncos superbowl
[10:17 am]
qwert : that would be fun
[10:17 am]
joeytsa : my brother-in-law gets big
paychecks for each playoff game
[10:17 am]
mikewd2 -: takiing half off CSTR as it
approaches 50.00
[10:17 am] joeytsa
: nice mike
[10:22 am] mikewd2 -: AGQ
moving
[10:23 am] joeytsa : /SI on a
move from 29.600 to 29.900
[10:23 am]
joeytsa : 60ticks
[10:24 am] mikewd2
-: AGQ approaching hod
[10:24 am]
joeytsa : going to have to start
keeping that chart up
[10:25 am] mikewd2
-: especially after the hugh sell
off
[10:25 am] joeytsa : time for
lunch, see you in 30
[10:25 am]
qwert : enjoy joey
[10:29 am]
qwert : Its an inside day right
Ed?
[10:29 am] Ed : right
[10:30 am]
qwert : thx thats what i
thought
[10:45 am] qwert : spy
coming up on hod
[10:52 am] mikewd2 -:
DDD
[11:00 am] reshef :
URI
[11:00 am] reshef :
MAT
[11:05 am] joeytsa : they were
way off on the crude inv # today, forecast
was -0.7M, came in at -11.1M
[11:06
am] reshef : HON
[11:12 am]
joeytsa : mike: are you here?
[11:12
am] mikewd2 -: yes
[11:13 am]
joeytsa :
http://www.optioncast.com/options-news/what-a
re-mini-options-a-mini-options-faq/
[11:13
am] joeytsa : only going to be on 5
symbols
[11:14 am] joeytsa : if it
takes off, im sure many more symbols will be
added
[11:14 am] mikewd2 -: wow
[11:15
am] joeytsa : thought of you and shark
when i saw them
[11:18 am] mikewd2 -: joey
do you go: The annual Consumer Electronics
Show kicks off next week in Las
Vegas
[11:18 am] joeytsa : had
tickets to one of the shows one year but
didnt go
[11:18 am] joeytsa : i know
a couple of people who fly out every year for
it though
[11:18 am] mikewd2 -: you
should, could give you inside to some new
comers
[11:19 am] joeytsa : our
stable owner is a big wig @ Corning, so he
comes out every year
[11:19 am]
joeytsa : Corning symbol GLW
[11:19
am] mikewd2 -: yep
[11:20 am]
joeytsa : there used to be 2 big
electronic shows, think its just 1
now
[11:20 am] mikewd2 -: just noticed CMG
back over 300
[11:20 am] taco : /GC
coming down
[11:22 am] joeytsa :
nice taco, i didnt take that dbl top
setup
[11:23 am] mikewd2 -: D hod, been a
mover today
[11:24 am] Ed : they won court
ruling against environmentalist
[11:25 am]
mikewd2 -: AAPL trying to bounce
[11:25
am] joeytsa : Earlier, Mitch mentioned
something along the lines that trading 6E was
better than trading the forex, here is an
article on that topic..
[11:26 am]
joeytsa :
http://www.shadowtraders.com/Articles/Currenc
yTrading.html
[11:26 am] joeytsa :
article is from the link i put up
yesterday
[11:26 am] mikewd2 -: some guy
talking up HLF on CNBC, says Ackman
scumpbag
[11:27 am] mikewd2 -: that would
be scumbag, lol
[11:27 am] qwert :
hahaha
[11:28 am] joeytsa : story
getting lots of coverage though
[11:30 am]
mikewd2 -: ADT turning over
[11:31 am]
mikewd2 -: CSTR at 50
[11:33 am] mikewd2
-: wonder if AAPL will debut a TV at CES,
next week?
[11:33 am] taco : /6E
pop
[11:33 am] joeytsa : i think
that was the rumor a few months
back
[11:34 am] joeytsa : thanks
Mitch,Taco
[11:35 am] taco : for the
money and prfoit potential, i really like
futures
[11:35 am] taco : and the
cycles they make
[11:35 am] joeytsa
: there were some nice /GC moves yesterday
starting at 3pm pdt
[11:36 am]
joeytsa : me too taco..plus you dont
have to monitor 8000 symbols 🙂
[11:36 am]
taco : ya
[11:37 am] joeytsa :
i think this weekend i will dedicate a 3rd
monitor for futures
[11:37 am] mikewd2 -:
this weekend i will read about futures, so i
know what the he.. you guys are talking
about. haha
[11:38 am] joeytsa :
yeah Mitch, following it the past
week..nice moves
[11:38 am] qwert :
monitoring FFIV
[11:38 am] Ed : they work
like options (leverage wise) but trade with
tighter spreads
[11:38 am] joeytsa :
had great moves first 30 minutes today on
/PL
[11:39 am] taco : mike, you
should get data free
[11:39 am]
joeytsa : agreed, they trade like
everything else..patterns, s/r etc
[11:40
am] taco : they seem easier or
something tho too
[11:41 am] joeytsa
: one recommendation, if you have multiple
monitors for futures, you might want to
dedicate 1 for each category
[11:41 am]
reshef : BRFS
[11:41 am]
joeytsa : 1 monitor for the indices
like ES,YM,TF, another for metals
GC,SI,PL, 3rd one for energies
CL,NG
[11:42 am] joeytsa : easier to
see correlations/divergences that
way
[11:43 am] qwert : nice
mitch
[11:43 am] taco : my dog could
trade that haha
[11:44 am] joeytsa :
that PL move is about
$700/contracat
[11:44 am] qwert : im
trading CL and nat gas on real money and the
others in sim
[11:44 am] mikewd2 -: does
instrument mean the commodity you are
trading via contracts?
[11:45 am]
joeytsa : yes mike
[11:45 am]
qwert : yes been profitable almost
everyday only 1 contract
[11:45 am]
joeytsa : instrument/vehicle/symbol all
the same thing
[11:45 am] taco :
nice qwert
[11:45 am] victor51 :
mitch, so kinetick will charge me $78 for all
futures instruments?
[11:45 am]
joeytsa : qwert: nice..and when you
decide to up the contracts, do so
slowly…
[11:45 am] victor51 :
Mitch, i will be trading on TS
[11:46 am]
joeytsa : jan=1 contract, feb maybe 2
etc
[11:46 am] taco : that’s my bill
Victor
[11:46 am] qwert : oh yeah
for sure
[11:46 am] joeytsa : by end
of year, assuming you do well, you will be
trading 10+ contracts…nice money
[11:47
am] joeytsa : 10 contracts on a 2tick
/ES move is $250 for example
[11:47 am]
qwert : nice joey
[11:47 am]
joeytsa : might have to teach my wife
how to do this 🙂
[11:47 am] qwert :
shhhhh
[11:48 am] mikewd2 -: and a 1 pt
stop, you lose $1000?
[11:48 am]
joeytsa : do that twice a day and you
have a 6 figure income
[11:48 am]
joeytsa : 1pt on ES would be
$500
[11:48 am] joeytsa : on 10
contracts
[11:48 am] mikewd2 -:
OK
[11:49 am] jsn13 : what is
YI?
[11:49 am] joeytsa : my stop is
usually set on ES between 4-8 ticks
[11:49
am] joeytsa : same with profit, then i
can click/drag things
[11:50 am]
jsn13 : Thanks mitch….so how much is
each tick?
[11:50 am] joeytsa :
Globex is the other one Mitch
[11:50 am]
mikewd2 -: what’s smaller than 1 pt, 1
tick?
[11:50 am] joeytsa : tick
amount varies
[11:50 am] elisha :
How many ticks are 1pt?
[11:50 am] mikewd2
-: 2 on ES per joey
[11:50 am]
joeytsa :
http://www.barchart.com/futures/specification
s.php
[11:50 am] mikewd2 -: is that what
you gave me last night?
[11:50 am]
joeytsa : each instrument has different
point amounts and tick values
[11:51 am]
elisha : thanks joey
[11:51 am]
joeytsa : print that page off so you
have it next to computer
[11:51 am]
jsn13 : thanks alot joey…nice
info…
[11:51 am] victor51 : hanks
taco. which instrment did you get
it
[11:52 am] taco : pardon
victor?
[11:53 am] jsn13 :
HLF
[11:53 am] Ed : I sim traded 6 months
before starting to trade CL= crude oil
futures
[11:53 am] qwert : sure
thing Mitch
[11:54 am] joeytsa :
jsn: YI is mini-silver..not sure how liquid
it is though, SI is the main one
[11:54
am] joeytsa : mike: yes, same chart i
sent you
[11:54 am] qwert : the
check is in the mail Mitch
[11:55 am] Ed :
he stuttered
[11:55 am] qwert :
lol
[11:55 am] joeytsa : margin
rates are different on instruments also, be
careful and dont be overleveraged
[11:55
am] victor51 : Taco, you npaid $78 for
which instrument?
[11:56 am] jsn13 :
thanks joey…
[11:56 am] taco :
that covers my stock data feed and i accepted
free futures data as long as i connect
once/month to my live brokerage
[11:56 am]
joeytsa : SI has the highest margin on
the ones i follow
[11:56 am] mikewd2 -: is
AAPL moving, my charts hung up
[11:56 am]
taco : from kinetick
[11:56 am]
joeytsa : also, intraday margins are
much smaller than if you want to hold
overnight
[11:57 am] mikewd2 -: but quotes
on options moving up
[11:57 am]
joeytsa : SI goes from $6480 to $19K
for example
[11:57 am] elisha : not
much yet mile
[11:57 am] elisha :
mile=mike
[11:57 am] joeytsa : AAPL
just had a 1pt move, sitting near 529.50
mike
[11:58 am] mikewd2 -: thanks, just
noticed my calls jumped up
[11:58 am]
murano : MBI
[11:58 am] mikewd2 -:
need to reboot
[11:59 am] joeytsa :
mike: ticks and points are
different
[12:01 pm] joeytsa : GRMN
vol spike
[12:01 pm] joeytsa :
looked like a $1 move, not sure if bad tick
or not though
[12:04 pm] victor51 :
Taco who is your broker?
[12:05 pm]
mikewd2 -: covered AAPL call, don’t like
tradiing with no charts up
[12:05 pm]
go4it : TS no shares MBI
[12:05 pm]
taco : IB
[12:05 pm] qwert :
lightspeed has MBI for short
[12:06 pm]
mikewd2 -: ETRADE also
[12:06 pm]
victor51 : That makessense Taco.
Thanks. I am on Trade Station and I can’t get
waiver
[12:07 pm] qwert : is anyone
long MBI
[12:07 pm] joeytsa :
🙂
[12:08 pm] qwert : joey you are
so good at getting on these
[12:08 pm]
joeytsa : closing here though
[12:08
pm] qwert : i shorted and made 10
cents
[12:08 pm] qwert : nice
trading
[12:09 pm] joeytsa : got on
that pullback/hold of $9
[12:09 pm]
qwert : nice iexited my short at
8.98
[12:09 pm] mikewd2 -: AGQ
moving
[12:10 pm] joeytsa : 9.06 –
9.42
[12:10 pm] qwert : very
nice
[12:10 pm] taco : nice
joey
[12:11 pm] joeytsa : risked
20cents to make 20cents, ended up with more
though
[12:11 pm] skydiver : nice
joey
[12:11 pm] joeytsa : only
targeted 1:1 because up for the day
[12:12
pm] mikewd2 -: got another 50 cents on
AGQ
[12:13 pm] go4it : called trade
desk got 500 shares MBI at 9.40
cool
[12:14 pm] taco : by phone?
nice
[12:14 pm] go4it :
yes
[12:14 pm] taco : lol
[12:14
pm] taco : you trading off the room
chart?
[12:14 pm] go4it : I just
went 4 it
[12:15 pm] taco : lots of
covering going on
[12:16 pm] joeytsa
: nice one Ed
[12:16 pm] go4it : has
support at9.14
[12:16 pm] joeytsa :
agreed, not much on L3
[12:17 pm]
joeytsa : was so into the MBI trade, i
missed a better one on /GC haha
[12:18 pm]
taco : ha, oh no
[12:18 pm]
go4it : that sucks
[12:18 pm]
taco : nice one
[12:18 pm]
taco : the move, not missing
it
[12:18 pm] mikewd2 -: MBI was decent,
ty
[12:18 pm] joeytsa : taco: i
should have strangled that cons
area
[12:18 pm] taco : yes thank
murano did me well
[12:19 pm] taco :
heck ya
[12:19 pm] qwert : thx for
MBI murano :))
[12:19 pm]
joeytsa : nice one murano, you get to
come back on monday now 🙂
[12:19 pm]
taco : gold is moving these
days
[12:20 pm] mikewd2 -: got out of AGQ
too early
[12:20 pm] joeytsa : easy
$600 i let go, as mike would say
“dang”
[12:22 pm] taco : here we
go.. last 1/5 holding MBI
[12:22 pm]
mikewd2 -: nice taco
[12:23 pm] taco
: all out, enuf time in there for me and
profit too thanks mike
[12:23 pm]
joeytsa : nice taco
[12:23 pm]
taco : made my week
[12:23 pm] Ed :
nice trading taco
[12:24 pm] mikewd2 -:
AAPL moved above VWAP
[12:24 pm]
taco : thx guys
[12:25 pm] mikewd2
-: RIG at hod
[12:25 pm] qwert :
Gonna go and take the family out to
lunch my son goes home to Boston on
sunday so back to normal next week
everyone have a great weekend awesome
calls today
[12:26 pm] Ed : c ya
qwert
[12:26 pm] joeytsa : have a
great weekend qwert
[12:26 pm] taco
: bye qwert enjoy
[12:26 pm] cowboyh
: by qwert
[12:26 pm] mikewd2 -: UA
bounced to vwap
[12:27 pm] mikewd2 -:
OCN
[12:30 pm] taco : 2nd help short
sim MBI
[12:30 pm] eyes : Have a
good weekend Everyone
[12:31 pm]
joeytsa : bye eyes
[12:31 pm]
taco : c ya eyes, you too
[12:32 pm]
mikewd2 -: MCO
[12:32 pm] mikewd2 -: out
OCN L
[12:33 pm] taco : the nice
thing about futures is i practice it in the
am and at night when stock market is closed
too
[12:33 pm] mikewd2 -: got 50 cents on
OCN
[12:33 pm] joeytsa : nice
mike
[12:33 pm] taco : beauty
mike
[12:36 pm] mikewd2 -: missed the
short on OCN
[12:36 pm] joeytsa :
Time to call it a weekend
[12:36 pm]
joeytsa : Thanks Mitch,Ed, traders..see
you all on monday 🙂
[12:36 pm]
skydiver : take care joey –
enjoy
[12:36 pm] taco : bye
joey
[12:38 pm] victor51 : Bye
Joey
[12:38 pm] Ed : c ya joey
[12:39
pm] jsn13 : taco, which futures
instruments do u trade at night?
[12:39
pm] Ed : when ur as good as you are mike , u
can tell the details by the tape
[12:39
pm] taco : i flip through the ones most
mentioned in the room
[12:39 pm]
taco : very similar signals to
stocks
[12:40 pm] taco : mondays are
my worst trading days due to 2 day
break
[12:40 pm] taco : so i have
found futures very helpful to get me going
before 9:30 mon am
[12:40 pm] Ed : maybe
you should just sim trade on mondays taco, to
get back into the flow
[12:41 pm]
taco : i do mostly ed, i’m learning
🙂
[12:41 pm] Ed : ok
[12:41 pm]
taco : to be smart
[12:43 pm]
taco : like mitch said 1 day sim
for 2 days off
[12:43 pm] taco :
sounds good,
[12:43 pm] elisha : Ed,
are you still in OSIS short?
[12:43 pm]
elisha : last 1/43?
[12:43 pm] Ed :
out as time is winding down
[12:43 pm]
elisha : ok
[12:46 pm] mikewd2 -:
need OCN to sell off, shorted 35.35, forgot
to cancel when missed earlier
[12:48 pm]
jsn13 : mike, no matter what, don’t
turn it into swing…
[12:48 pm] mikewd2
-: will not worst now is b/e
[12:49
pm] Ed : mike retired from
swingging
[12:49 pm] jsn13 :
yay…we have to celebrate that….
[12:49
pm] mikewd2 -: well – one backlash yesterday
that was bad.
[12:49 pm] Ed : ur
right
[12:49 pm] mikewd2 -: but never
again
[12:49 pm] mikewd2 -: covered OCN
35.15
[12:50 pm] taco : sounds like
my tail when i drank
[12:50 pm] taco
: never again
[12:50 pm] taco :
haha
[12:50 pm] jsn13 : wow nice
trade….r u sure mike?
[12:50 pm] mikewd2
-: I’m sure i won’t turn a day trade into
swing again, did it on RIG yesterday – stupid
stupid stupid.
[12:51 pm] mikewd2 -: and
i’m usually bullish on oils, haha
[12:51
pm] mikewd2 -: not sure why i shorted
it
[12:52 pm] mikewd2 -: I’m done, still a
good week, even with one big loser.
[12:52
pm] go4it : hard lesson to learn but
necessary
[12:53 pm] jsn13 :
yesterday was only the 3rd day of the
year…..and u have reverted back to ur
original position? Is there a way to cancel
all ur orders or clear ur positions by the
end of the day?
[12:53 pm] mikewd2 -: have
a great weekend, pull for the Aggies
tonight!!!!
[12:53 pm] Ed : this will help
others, if u get slow uptrend like yesterday
(RIG) with big green candle over taking
previous days that says bullish
[12:53 pm]
cowboyh : have a good weekend all see
ya monday
[12:53 pm] Ed : c ya
cowboy
[12:54 pm] taco : bye mike,
cowboy
[12:54 pm] mikewd2 -: I’m now flat
Jason, the oils i was carrying from last
year, FST and WFT are now gone.
[12:54 pm]
mikewd2 -: with profit.
[12:56 pm]
jsn13 : fantastic, let next monday be
the start of ur most profitable year!!
without swinging any…
[12:56 pm]
jsn13 : that could be cool…then u can
be the m,aster of day trading…
[01:00
pm] taco : thanks Mitch, Ed i take your
guidance to heart
[01:00 pm] taco :
thanks all traders too, yours too
[01:00
pm] elisha : Good Night Mitch, Ed and
everyone – have a great weekend
[01:01 pm]
jsn13 : thanks and have a great weekend
everyone….
[01:08 pm] shark : thx,
Mitch. bye everyone
|
Web Special
