| (06:04 am) JoeyTSA :/CL just popped
(06:12 am) Ed :for option players, will get
better bang for buck rather than play PCLN
stock
(06:12 am) Ed :couple heavy weights, keep eye
on BIDU 140 level, PCLN 1000 mark
(06:16 am) Ed :Canadian$ been week this am
due to lackluster employment report
(06:17 am) Mitch :Premarket UP: BIDU, LGF,
SCTY, MGA, PCLN, OLED, GIII, RAX, DATA, ONXX,
NIHD, UBNT Premarket DOWN: LINE, AVG, AMX,
UNXL, WWWW, MCP, AMGN, WMGI, YOKU, MODN,
NDLS, TSLA
(06:29 am) JoeyTSA :so far /CL having res
issues @ R2, eye on bottom potential here
(06:30 am) Mitch :watching NDLS
(06:30 am) Mitch :watching LNCO
(06:30 am) Mitch :watching LINE
(06:31 am) Mitch :watching VRX
(06:31 am) Mitch :watching AMED
(06:31 am) Mitch :watching DV
(06:31 am) Qwert :watching UBNT
(06:31 am) JoeyTSA :eye on RAX
(06:31 am) Mitch :wathcing WWWW
(06:32 am) Mitch King:monitoring LINE
(06:32 am) Mitch :watching MNST
(06:33 am) JoeyTSA :took profits on that /CL
bottom
(06:33 am) Mitch King:watching UNXL for pop
(06:33 am) Mitch King:a chart like AMED is a
short, thats what we are looking for a top
that starts to correct and then start
shorting
(06:33 am) Mitch :watching SLXP
(06:33 am) Mitch King:watching AMED closely
(06:34 am) JoeyTSA :eye on SSYS
(06:34 am) Mitch King:watching TEVA closely
(06:34 am) Mitch :monitoring TEVA
(06:35 am) Mitch :watching YOKU
(06:35 am) JoeyTSA :LYB, lower vol
(06:35 am) Mitch King:watching OLED for
bottom, more downside first
(06:35 am) Ed’s assistant :Monitoring GMCR
(06:35 am) Mitch :monitoring EXAM
(06:35 am) Mitch :watching AGO
(06:35 am) Mitch King:monitoring TSLA
(06:36 am) Mitch :watching HAR
(06:37 am) Mitch King:watching NUGT drop
(06:37 am) Mitch King:watching YOKU for 2nd
bottom below 68 area
(06:38 am) Mitch :watching HTWR
(06:38 am) Mitch King:watching LITB
(06:39 am) Mitch King:watching TEVA still
(06:39 am) Mitch :watching ONXX
(06:40 am) Mitch King:watching JOY for top to
short
(06:40 am) Mitch King:watching VALE for top
(06:41 am) Mitch King:watching AMED closely
(06:41 am) Mitch King:TSLA bouncing
(06:42 am) JoeyTSA :/ES hit earlier posted
1694 res, next up would be 1697?
(06:42 am) Mitch King:monitoring ERF
(06:43 am) Mitch King:consider covering WLT
gradually on this drop
(06:43 am) JoeyTSA :eye on AIRM for possible
break over $40
(06:43 am) Mitch King:monitoring HAR
(06:43 am) Mitch King:watching ONXX for
bounce
(06:44 am) Mitch King:watchign BTU, no hurry
(06:44 am) Mitch King:TSLA doing its daily
move up
(06:44 am) Mitch :monitoring SR
(06:45 am) Mitch :watching ABFS
(06:46 am) JoeyTSA :/GC in a $3 range, expect
it to break one way or the other
(06:47 am) Mitch King:watchign FCX for top to
short
(06:47 am) Mitch King:watching OWW
(06:48 am) Mitch King:watching CLF
(06:48 am) Mitch :watching MNST
(06:50 am) Mitch King:watching JNPR for
bottom
(06:50 am) Mitch King:FCX toppy,
(06:51 am) Mitch :HAR still moving up
(06:52 am) Mitch King:watching JNPR closer
(06:53 am) Ed :CN) China regulators to
tighten oversight of baby formula (related
MJN )-
(06:54 am) Ed :US) Preview: Jun Wholesale
Inventories expected at 10:00 ET (14:00 GMT)
**Consensus expectations: – Wholesale
Inventories MoM: +0.4%e v -0.5% prior –
Wholesale Trade Sales MoM: 0.7%e v 1.6%
prior
(06:54 am) JoeyTSA :report up in 5min
(06:55 am) Mitch :watching ONXX for bottom
(06:56 am) Mitch King:watching SR for bottom
(06:56 am) JoeyTSA :eye on NPSP, missed that
breakout
(06:56 am) Qwert :monitoring SNDK
(06:57 am) Mitch King:not liking the news on
JNPR, corrupt practices act investigation
(06:58 am) Mitch King:little late to see
this, probably too late to buy
(06:58 am) Mitch King:monitoring drop in ipo
QEPM
(06:59 am) Mitch :watching USU
(06:59 am) Mitch King:monitoring FWLT
(07:00 am) Ed :*(US) JUN WHOLESALE
INVENTORIES M/M: -0.2% V 0.4%E; WHOLESALE
TRADE SALES M/M: % V 0.7%E
(07:03 am) JoeyTSA :CVT ipo open
(07:04 am) Mitch King:CL toppy
(07:05 am) Mitch King:CL 09
(07:06 am) Mitch :watching ONXX
(07:06 am) Mitch King:remember that CL wants
to go up to go to neutral area. dropped from
108.80 to 103 area and now bouncing so this
last hour 10 mnin is huge uptrend where you
buy on the bottoms but should be a little
short money here, maybe 15 ticks
(07:07 am) Mitch King:we are developing a
trend indicator now, dont have eta, will take
a while to get it right
(07:07 am) Mitch King:try to determine trend
on stocks or futures or forex as soon as
possible and when on uptrend, you buy on dip
and not short. on downtrend you short on the
tops of rebounds and not buy long. this is 5
star tip for your trading career, write this
down
(07:08 am) Mitch King:will work on stocks,
futures and forex
(07:09 am) Ed :SPY bouncing off premkt.
consolidation area
(07:10 am) Mitch King:that was 30 tick drop
(07:10 am) Mitch King:probably best to cover
all CL short
(07:10 am) Mitch King:ok this is what i was
looking for in the CL 09 short, get ready to
cover soon, if 2 or more contracts, cover one
for sure now
(07:11 am) Mitch King:after an extended move
up like CL 09 just had in last hour since
joey posted, you should be more careful about
buying long on dip, the uptrend is tired,
already moved 150 ticks
(07:14 am) Ed :(FR) Eiffel Tower in Paris
said to have been evacuated due to a bomb
threat – Twitter
(07:14 am) Ed :BECN conference call as we
speak
(07:15 am) Ed :BECN Guides FY13 $1.50-1.60 v
$1.79e – conf call comments-
(07:16 am) Mitch King:monitoring PCLN
(07:17 am) JoeyTSA :/ES just riding the pp at
the moment
(07:17 am) Mitch King:monitoring BIOS, need
faster and faster drop and increasing volume
first
(07:18 am) JoeyTSA :just watching RAX at the
moment for potential bottom
(07:23 am) Mitch King:CL 09 is still strong,
watching for bounce, buy on dip still might
work but not as big of moves now after 85
minutes on uptrend
(07:24 am) JoeyTSA :tighten RAX if long
(07:25 am) Ed :would like pick up in selling
(07:25 am) Ed :DATA monitoring for potential
bottom
(07:26 am) Mitch :watching BITA
(07:26 am) Mitch King:good one on RAX joey,
real nice trading stock lately
(07:27 am) JoeyTSA :/ES now trying to hold
1690
(07:27 am) Mitch King:RAX shortable, micro
short
(07:29 am) Mitch King:that isnt a short
recommendation on CL, just managing long
comment
(07:29 am) Mitch King:dont expect much bounce
on this CL move, play it safe and take
profits earlier, i think could easily get
into a downtrend
(07:31 am) Ed :Market Internals update at
10:30ET – NYSE volume 138M shares, about 9%
below its three-month average; decliners lead
advancers by 1.2:1. – NASDAQ volume 370M
shares, about 5% below its three-month
average; decliners lead advancers by 1.2:1.
– VIX index +3.6% at just over 13.00
(07:33 am) Murano :watching MU
(07:33 am) JoeyTSA :just monitoring KORS for
potential breakout over $72
(07:36 am) Mitch King:watching ETR
(07:38 am) Ed :YRCW monitoring
(07:50 am) Ed :for those new to room,
normally we have lot more ideas, but in
summer months especially in august, the
ranges of market are smaller, fewer trader on
floor, fund managers take vacations during
this time, resulting in fewer ideas. However,
those first 90 minutes are more paramount
during these times
(07:52 am) Mitch King:monitoring OLED for
bounce, would be slow one, not like opening
of market. watching 32.50 area
(07:54 am) Mitch King:herman, i used to have
that problem. what i suggest is look at
stocks or instruments in same day that some
stocks are trending up or others down and
practice trading buying long on uptrending
and shorting on downtrending. do this in
simulator, will get you more “neutral” on
trading direction
(07:55 am) Mitch King:a really complete
trader can go either way in same or between
different stocks, futures or forex
(07:57 am) Ed :AAPL still in downtrend
(07:57 am) Ed :SPY testing lod
(07:58 am) Ed :SPY new lod
(08:01 am) Ed :if you took YRCW long would
reduce
(08:04 am) Ed :Fresh lows in market
(08:20 am) Ed :markets hovering near lows
(08:22 am) Ed :SPY close to testing
yesterdays low
(08:24 am) Ed :lack of buyers in markets so
far
(08:26 am) Ed :markets just lost yesterdays
lows
(08:27 am) Ed :MAKO been holding against mkt
so far
(08:58 am) Murano :watching YOKU
(09:04 am) Ed :Market Internals update at
12:00ET – NYSE volume 240M shares, about 6%
below its three-month average; decliners lead
advancers by 1.4:1. – NASDAQ volume 715M
shares, about 1% below its three-month
average; decliners lead advancers by 1.6:1.
– VIX index +4.7% at just over 13.00
(09:13 am) Ed :12:13 (EG) Militants in Egypt
near launch of rocket into Israel reportedly
killed by an airstrike – press (related GAF )
–
(09:14 am) Ed :tht explains why crude has
been trading like it has
(09:30 am) JoeyTSA :eye on MNST near $64
(09:37 am) JoeyTSA :markets on decent move
up
(09:46 am) JoeyTSA :/ES back to 1690
(09:53 am) JoeyTSA :MNST not GMCR
(09:53 am) JoeyTSA :tighten GMCR if still
long
(09:53 am) JoeyTSA :big vol spike on JCP
(09:54 am) JoeyTSA :/CL giving nice pullback
(10:06 am) Mitch :watching OLED
(10:20 am) Ed :ZOLT
(10:23 am) Ed :ZOLT Hearing strength
attributed to circulation of blog reports
that it could be a potential takeover
candidate-
(10:27 am) Ed :if u were blt to short ZOLT
would cover some in here
(10:49 am) Ed’s assistant :Monitoring OPEN
(11:24 am) Ed :thx herman on WLT
(11:54 am) Ed :OPK just reporting
(11:54 am) Ed :markets trading in range
(12:04 pm) JoeyTSA :0bama to speak soon
(12:12 pm) Mitch King:anyone want to see
something cool?
(12:14 pm) Ed :PMC US Govt said to have filed
suit against the company; alleging violations
of the false claims act – press-
(12:16 pm) Ed :(US) President Obama: There
has always been some tension in the US-Russia
relationship
(12:16 pm) Mitch King:technical challenges,
argh
(12:27 pm) Ed :thats AAPL
(12:27 pm) Ed :APL Stay in ebook pricing case
denied by court-
(12:29 pm) Ed :(US) President Obama: Fed
Chair selection is one of the most important
economic decisions to make; have a range of
outstanding candidates, including Yellen and
Summers
(12:56 pm) Ed :have great weekend traders
(12:57 pm) Mitch King:later guys, thanks
everyone. see ya qwerty
| (05:29 am) dbeck3 :morning
(05:35 am) Qwert :Good morning Mitch,Joey and
to everybody
(05:35 am) Qwert :gm dbeck3
(05:36 am) dbeck3 :My first day in here,
should be a fun one
(05:36 am) Qwert :welcome
(05:38 am) dbeck3 :thanks. I will be pretty
quiet today and just getting a feel of this
application and how your community flows
throughout the day
(05:39 am) Qwert :its very busy first hour or
two, would reccomend watching and getting a
feel for the ideas
(05:40 am) dbeck3 :great! happy trading
today everyone
(05:44 am) JoeyTSA :Good morning Mitch,Qwert,
traders
(05:45 am) JoeyTSA :welcome to the room
dbeck3
(05:45 am) dbeck3 :thx Joey
(05:45 am) JoeyTSA :only report i see is
Wholesale Inv @ 7pdt
(05:46 am) JoeyTSA :early gap downs:
NDLS,WWWW,WMGI,AAPl,AMX
(05:46 am) JoeyTSA :early gap ups:
PCLN,RAX,BIDU,UBNT,SCTY,OLED
(05:48 am) Qwert :thx joey
(05:57 am) JoeyTSA :dbeck3, how long have you
traded?
(05:58 am) dbeck3 :I was very PT with father
in law for approx. 7 years, FT since Dec
(05:58 am) JoeyTSA :gotya
(05:58 am) dbeck3 :stocks, futures, options,
lots of commodities
(05:58 am) JoeyTSA :very good, we do give
futures calls too
(05:59 am) JoeyTSA :most calls are ideas as
opposed to exact entry/exit prices
(06:02 am) dbeck3 :great. they move quickly
and volatile so hard to get that exact spot.
(06:02 am) JoeyTSA :correct, and every trader
is different
(06:02 am) dbeck3 :Do we mostly respond to
the ideas that you/Mitch are putting out or
is it open for us to throw some picks out
there?
(06:02 am) JoeyTSA :some see stock on
support, and decide to go long, others see it
on support and look for failure to short
(06:03 am) JoeyTSA :every room member can
post stocks
(06:03 am) JoeyTSA :there are 6 mods on most
days, those picks are posted in the yellow
box above
(06:04 am) JoeyTSA :sometimes we put a few in
here though, but yes, you are welcome to post
anything you see moving/setting up
(06:05 am) JoeyTSA :any symbol with a slash (
/ ) is a future
(06:05 am) JoeyTSA :/CL just jumped 60c
(06:05 am) dbeck3 :beauty. i see your
posting on CL, i play a lot of that
(06:06 am) JoeyTSA :using 1686 and then 1684
as /ES support levels to start
(06:07 am) JoeyTSA :1692,94,97 as res
(06:10 am) dbeck3 :/CL another huge pop
(06:11 am) JoeyTSA :about $1 move in 10
minutes
(06:12 am) JoeyTSA :gm Ed,Diosna,Murano..i
believe PCLN got an $1100 target from
someone
(06:12 am) Ed :not surprised
(06:13 am) regatta :LINE down
(06:13 am) JoeyTSA :option prices were high
yesterday, probably because of earnings
(06:13 am) Qwert :i read that joey
(06:14 am) JoeyTSA :so in other words, it
will be at $480 in a month haha
(06:14 am) Ed ::)
(06:14 am) dbeck3 :ha
(06:15 am) Ed :welcome to the room dbeck3
(06:15 am) dbeck3 :good to see you guys have
a good sense of humor in here
(06:17 am) JoeyTSA :need humor in this biz,
can be high stress at times
(06:18 am) dbeck3 :true, generally im
laughing at myself. RIO is one i daytrade a
ton, nice movement in it
(06:19 am) JoeyTSA :RIO had nice move
yesterday
(06:20 am) JoeyTSA :thx Mitch for list
(06:20 am) JoeyTSA :thx Ed for Canada info,
employment # was way off
(06:21 am) JoeyTSA :forecast was 6.2K, came
in -39.4
(06:21 am) dbeck3 :ouch
(06:21 am) Murano :good morning
(06:22 am) JoeyTSA :their unemployment rate
is 7.2% also
(06:25 am) herman :gm all
(06:26 am) regatta :NIHD, low price big gap
up
(06:27 am) JoeyTSA :NCLH also a bit active
(06:27 am) JoeyTSA :good one regatta
(06:28 am) regatta :not it it, just watching
it for now
(06:31 am) doji :Watching VRX
(06:32 am) JoeyTSA :nice doji, maybe near
$100?
(06:32 am) JoeyTSA :AAPl testing $460
(06:33 am) doji :Perhaps Joey
(06:34 am) elisha :gm all
(06:34 am) JoeyTSA :/CL wasnt much, didnt
like that pause
(06:35 am) doji :FSLR a beaty
(06:35 am) doji :beauty
(06:35 am) doji :SPY broke PP
(06:36 am) JoeyTSA :GMCR very nice also
(06:37 am) JoeyTSA :2nd entry on /CL working
much better
(06:38 am) JoeyTSA :AMED still climbing
(06:39 am) doji :VRX help its PP nicely
(06:40 am) JoeyTSA :i believe they entered
into a deal with someone recently also
(06:40 am) JoeyTSA :it jumped without me,
wanted closer to $100
(06:41 am) Qwert :AAPL lod
(06:42 am) JoeyTSA :Ed: looks like BIDU
trying 🙂
(06:44 am) doji :Watching SPY at 170
(06:45 am) JoeyTSA :AMGN back to $110
(06:45 am) JoeyTSA :both /TF, /YM on nice
moves too
(06:45 am) doji :All out VRX
(06:46 am) JoeyTSA :/GC very volatile at
times, use caution if trying to trade that
one
(06:46 am) JoeyTSA :AMZN trying to get back
to $300
(06:49 am) regatta :watching GPS
(06:52 am) JoeyTSA :great call on HAR, TSLA
(06:58 am) regatta :still watching GPS
(07:00 am) JoeyTSA :thx Ed
(07:00 am) elisha :thx Ed
(07:01 am) JoeyTSA :/CL testing $105 area
now
(07:03 am) JoeyTSA :another pop on /C:
(07:03 am) JoeyTSA :/CL
(07:05 am) dbeck3 :/CL back to 106.80 area?
(07:05 am) Murano :if you took AMED short
would cover some here
(07:06 am) JoeyTSA :if $105 holds maybe?
(07:06 am) Murano :great call on AMED Mitch
(07:07 am) JoeyTSA :/CL up big past hour+
(07:07 am) doji :Long UVXY
(07:07 am) JoeyTSA :tighten AAPL if short
(07:07 am) JoeyTSA :$460 was good res there
(07:08 am) doji :Market selling
(07:08 am) JoeyTSA :thx Mitch, agreed
(07:14 am) doji :Watching YRCW
(07:14 am) JoeyTSA :thx Ed, just noticed
increased vol there
(07:15 am) JoeyTSA :meaning BECN not the
eiffel tower
(07:15 am) Ed :lol, yea knew what u meant
(07:19 am) JoeyTSA :eye on /CL as it pulls
back to $105
(07:25 am) JoeyTSA :RAX might have more
upside, but i have the patience of a kid with
ADD on Christmas morning 🙂
(07:25 am) taco :have a great rest of your
days everyone, too slow to trade connection
but had great time watching. have a great
wknd too:)
(07:25 am) JoeyTSA :hey taco, enjoy the
weekend
(07:26 am) Ed :see ya taco
(07:26 am) JoeyTSA :thx, RAX had earnings
yesterday i believe, maybe the day b4
(07:26 am) Mitch King:hey joey, you finally
got your once a week trade
(07:26 am) Qwert :hhaahaah
(07:26 am) JoeyTSA :haha
(07:27 am) Mitch King:joey, you know you get
at weekly abuse from me right? hehe
(07:27 am) JoeyTSA :rough crowd hahaha
(07:27 am) JoeyTSA :love it Mitch, keep the
zingers coming
(07:28 am) JoeyTSA :RAX almost picture
perfect 50% retracement
(07:32 am) elisha :thx again Ed
(07:32 am) herman :rax i took short but got
out early , got to learn to take the bounce
(07:33 am) JoeyTSA :herman: the short was the
right play off that lower high
(07:34 am) Ed :no problem elisha
(07:34 am) JoeyTSA :esp since it gapped
yesterday back into a res area, RAX was $80
a few months back
(07:35 am) herman :took it at 49,happy to
get out ,hard to change mindset
(07:36 am) Murano :out all MU
(07:36 am) JoeyTSA :called SSYS earlier,
passed on it, missed great dbl bot @ $95
(07:37 am) JoeyTSA :still great trade herman,
dont have to catch every move, might even be
best to specialize in 1 or 2 setups
(07:38 am) herman :always feel like your
missing something
(07:38 am) JoeyTSA :tell me about it haha
(07:39 am) JoeyTSA :thing is, sometimes when
trying to catch everything, you end up
catching nothing, or you zig when you should
have zagged
(07:39 am) JoeyTSA :re-read what Mitch wrote
earlier on buying dips in uptrends, shorting
bounces in downtrends
(07:40 am) JoeyTSA :makes trading much
easier, not easy, but easier
(07:40 am) herman :thnax
(07:41 am) herman :thanx
(07:41 am) JoeyTSA :plus it gives you a
plan
(07:41 am) JoeyTSA :AAPL still trying to
bottom
(07:42 am) JoeyTSA :break time for me, see
you in 45
(07:42 am) Murano :also Herman, the market is
down so far today; this has to weigh on your
decisions.
(07:42 am) JoeyTSA :great calls
(07:47 am) elisha :joey – how many years
have you been daytrading? – if you don’t
mind me asking.
(07:50 am) herman :my tendency is to short
and tough to think the other way sometimes
,today is good for me so far
(07:51 am) elisha :Ed – even so 0 you guys
still give top quality calls.
(07:51 am) Ed :thx elisha
(07:51 am) elisha :”)
(07:54 am) Murano :herman take a look at MU
on a one minute chart. when it broke over R1
and your MACD is looking straight up it is a
high probaability long.
(07:56 am) herman :thanx mitch murano
(07:57 am) Murano :I prefer shorts also
herman. I love charts like AMED this
morning.
(07:59 am) herman :exactly
(08:40 am) Ed :I know you are here 🙂
(08:40 am) Qwert :the rest are sleeping
zzzzz
(08:40 am) elisha :good day for it
(08:50 am) doji :SPY getting some buyers
(08:52 am) doji :YRCW
(08:54 am) dbeck3 :/CL is sky rocketing
today
(08:56 am) JoeyTSA :finally back
(09:01 am) dbeck3 :anyone know what is
killing YRCW?
(09:01 am) JoeyTSA :no clue
(09:02 am) Ed :YRCW Hearing Wolfe Trane makes
cautious comments (timing uncertain)
(09:02 am) JoeyTSA :thx Ed
(09:02 am) Ed :that ws news 1.5 hours ago
(09:03 am) dbeck3 :i missed it
(09:03 am) Murano :not much bounce in YOKU
be careful
(09:04 am) JoeyTSA :elisha: are you here?
(09:04 am) elisha :certain moi joey
(09:04 am) JoeyTSA :just saw your question
from earlier
(09:05 am) JoeyTSA :trading on/off since
around 1999, took a few years off from
daytrading, back the past couple years now
(09:06 am) elisha :thank you for answer
(09:06 am) JoeyTSA :but i take a lot of
breaks during the day haha
(09:06 am) JoeyTSA :so cant really say i am
“fulltime” 🙂
(09:06 am) elisha :you know an awful lot
about it though
(09:06 am) herman :murano ,just out amed for
aquick .20
(09:07 am) Murano :good
(09:07 am) JoeyTSA :yes and no
(09:08 am) elisha :i’m trying not to get
discouraged – going through the massive
educational phase
(09:08 am) herman :why no joey, not good
enough set up
(09:09 am) JoeyTSA :always seems like there
is something to learn/change etc
(09:09 am) elisha :I really want to skip
over the “blow out your account 3x” before
the epiphany hits and voila – success
(09:09 am) JoeyTSA :only 3x haha
(09:10 am) JoeyTSA :puts you ahead of most
people 🙂
(09:10 am) elisha :oh gee thanks – feel
better now ”)
(09:11 am) JoeyTSA :herman: i say no, because
even my best setups fail, no perfection in
this game
(09:12 am) JoeyTSA :lots of trial and error
and learning to keep stops small
(09:12 am) elisha :and probably never giving
up – can’t all of us be gifted like Ed
(09:13 am) JoeyTSA ::)
(09:13 am) herman :i try to get in and out
quick but leave alot on table sometimes
(09:13 am) herman :if it doesnt move get
out
(09:13 am) JoeyTSA :same here herman
(09:13 am) elisha :thx for all the info Ed
(09:14 am) JoeyTSA :thx Ed
(09:15 am) JoeyTSA :herman : if you exit
based on price hitting a profit target, then
be happy
(09:15 am) herman :dog is nipping at my
heals better take him for a walk back 20
(09:15 am) JoeyTSA :if exiting ” just
because” then work on that area..maybe try
setting profit/loss targets based on a r/r
ratio
(09:15 am) JoeyTSA :enjoy the walk
(09:15 am) herman :thats what i do normally
(09:16 am) JoeyTSA :then dont worry about
leaving money on the table, or use a
trailing stop on last half?
(09:17 am) Ed :agree with joey, take what
market makes available to you, hoping for big
score gets one into trouble
(09:17 am) skydiver :agree with joey as well
. .. popped in for a few before I head out on
vacation 🙂
(09:18 am) skydiver :and agree with Ed too
:)(
(09:18 am) JoeyTSA :i rarely scale in/out,
but its a great trading plan, Ed is good at
that
(09:18 am) Qwert :i always use trailing for
last 1/4 now is most profitable at least from
back testing my own trades
(09:18 am) regatta :watching BTU
(09:18 am) skydiver :nice qwert
(09:19 am) elisha :have a joyful vacation
sky!
(09:19 am) skydiver :will try elisha — they
say Alaska is beautiful — will find out soon
🙂
(09:19 am) JoeyTSA :have a great trip sky,
congrats on 44yrs?
(09:19 am) skydiver :yep — 44 years as of
today 🙂
(09:19 am) JoeyTSA ::)
(09:19 am) Ed :congrats sky,
(09:19 am) skydiver :44 wives in 44 years
(09:19 am) Qwert :wow awesome sky congrats
have fun we will miss you
(09:20 am) skydiver :oh . . actually 44
years to one wife 🙂
(09:20 am) skydiver :thnx qwert
(09:20 am) skydiver :will miss you guys
(09:20 am) elisha :remember – it’s swim with
dolphins – just watch the orcas
(09:20 am) skydiver :and gals
(09:20 am) skydiver :ok elisha . . . will
do
(09:21 am) skydiver :saw Mitch’s suggestion
on getting a plug in card for my laptop . . .
checking into that 🙂
(09:21 am) elisha :happy birthday too
(09:21 am) skydiver :from closing yesterday
(09:21 am) JoeyTSA :elisha: any other
questions or can i go back to sleep now
haha
(09:21 am) skydiver :joey sleeing . . . ha
ha ha 😉
(09:21 am) elisha :i’ll poke you with a
stick when i think of the next one – promise
”)
(09:22 am) JoeyTSA ::) just joking ask away
whenever
(09:25 am) skydiver :guess I need to get
that sheet explaining all the sounds for
Lightning . . . have 8 lightning screens up,
but may be too many for me right now
(09:26 am) JoeyTSA :i hear ya and i only have
6 up
(09:26 am) Qwert :sky i lowered my amount to
6 stocks and 2 futures charts a few monthes
back
(09:26 am) skydiver :really qwert? Humm .
. . I should probably do the same
(09:27 am) JoeyTSA :which 2 futures qwert?
still /CL and /NG ?
(09:27 am) skydiver :I find my 63 year old
brain has slown down a bit, so , sounds like
good advice
(09:27 am) Qwert :when i first set it up i
had 6 futures and 12 stocks when the market
opened i was like a deer in the headlights
(09:28 am) skydiver :I hear ya qwert 🙂
(09:28 am) Qwert :yes joey cl and ng but
sometimes switch the ng to es or what ever
seems to be moving
(09:29 am) Murano :sky, move your low
probability ideas to alonger time frame. You
will get fewer signals and can tighten the
time frame as the chart becomes more
interesting.
(09:29 am) JoeyTSA :gotya
(09:29 am) skydiver :never thoiught of that
Murano — thanks . . 🙂
(09:30 am) Qwert :good advice murano
(09:31 am) skydiver :this group is soooooo
awesome!! 🙂 🙂 great place to be for
sure
(09:32 am) elisha :it IS a great place to
be
(09:33 am) Murano :sky, you and I are close
to the same age. I use a five minute chart
on 10 of the 12 charts I have up. I will
move interesting charts to 3 minutes and then
to one minute as the chart gets interesting.
(09:34 am) JoeyTSA :interesting technique,
makes sense
(09:34 am) skydiver :thanks Murano for your
exact times you use for charts . . . I wasn’t
sure what time formats to use, but at my age
. . I think that makes a lot of sense too 🙂
(09:35 am) Murano :This old brain will short
circuit on to many Lightning signals!!
(09:35 am) skydiver :that’s my problem 🙂
(09:35 am) JoeyTSA :im only using Lightning
on futures, but agree, signals can get
hectic
(09:39 am) skydiver :nice call on MNST –
joey – bounced slightly below the 64.00 area
(09:40 am) JoeyTSA :was just about to say to
tighten MNST if long
(09:40 am) skydiver :thnx for MNST 🙂
(09:40 am) JoeyTSA :no prob
(09:41 am) JoeyTSA :missed it due to playing
futures
(09:41 am) skydiver :gotcha joey
(09:41 am) skydiver :I’m still in it but
tightened stop
(09:41 am) JoeyTSA :$64 was nice entry spot
though
(09:42 am) skydiver :yes
(09:43 am) Murano :I have an appointment this
afternoon, see you Monday.
(09:44 am) JoeyTSA :enjoy your weekend
Murano, thanks for the calls
(09:44 am) skydiver :take care Murano — see
ya in a week
(09:44 am) Ed :c ya murano
(09:44 am) Murano :have a safe trip sky
(09:44 am) skydiver :thnx 🙂
(09:44 am) skydiver :and thmx for tips
(09:44 am) skydiver ::)
(09:54 am) Qwert :Perry Capitol asking JCP to
replace ceo
(09:55 am) so :JCP extrem vol
(09:55 am) JoeyTSA :stock has had its share
of problems past year or so
(09:55 am) so :yes
(09:56 am) Ed :yes i want the specials back
(09:56 am) JoeyTSA :thats when it started Ed,
idiots haha
(09:56 am) Ed :yep
(09:57 am) JoeyTSA :funny thing is that the
prices still were sales prices, they just
didnt advertise them as such
(09:57 am) Ed :right
(09:57 am) Ed :have always gotten my leather
belts there, they last for years
(09:58 am) JoeyTSA :depends on how many times
you whip the kids
(09:58 am) Qwert :hahaahah
(09:58 am) Ed :lol
(10:00 am) JoeyTSA :but we all want to know
where you get your leather pants and chaps
from 🙂
(10:00 am) Ed :lol
(10:00 am) Qwert :okay thats not a visual
that i want
(10:01 am) JoeyTSA ::)
(10:01 am) Ed :ewwwwwwww
(10:05 am) JoeyTSA :MNST perfect 50%
retracement from $66 high,$64 low
(10:24 am) Qwert :thx Ed
(10:25 am) Qwert :volume on ZOLT really
slowing
(10:27 am) herman :zolt thanx ed
(10:28 am) Ed :no problem
(10:30 am) JoeyTSA :nice call, break time,
see you in 30
(10:32 am) regatta :watching TV
(10:35 am) herman :whats on soaps
(10:35 am) herman :haha
(10:41 am) herman :good call on the soaps
regatta
(10:42 am) regatta :got distracted and
missed it anyway
(10:42 am) Mitch King:nice one on ZOLT eddie
money
(10:43 am) Ed :thank you Sir, I mean King
(10:44 am) herman :that trade was worth two
tickets to paradise
(10:44 am) Ed :sing me up
(10:44 am) Ed :sign
(11:04 am) JoeyTSA :ZOLT was great, came all
the way back
(11:04 am) Qwert :/CL at 106
(11:05 am) JoeyTSA :guess i should have held
when i entered at 103.70 this morning
(11:05 am) Qwert :$$$$
(11:05 am) JoeyTSA :no kidding
(11:07 am) JoeyTSA :Z on a nice run
(11:07 am) JoeyTSA :up $4 past hour
(11:08 am) Qwert :wow on Z
(11:19 am) herman :wlt
(11:28 am) herman :wlt in 13.17 out
(11:29 am) herman :12.93
(11:30 am) JoeyTSA :good trading herman
(11:54 am) JoeyTSA :yeah, between rem and
delta sleep
(11:55 am) Ed :lol
(11:58 am) JoeyTSA :Z still pulling back
(11:58 am) JoeyTSA :gave back $3 since
mention
(12:05 pm) JoeyTSA ::)
(12:06 pm) elisha :is that your real voice
Ed?
(12:06 pm) JoeyTSA :on helium
(12:07 pm) Ed :no
(12:09 pm) JoeyTSA :thankfully i can switch
the tv to the horse races 🙂
(12:12 pm) elisha :fire away
(12:12 pm) JoeyTSA :sure
(12:13 pm) JoeyTSA :you arent going to play ”
pull my finger” again are you??
(12:13 pm) elisha :again????
(12:14 pm) doji :RDN
(12:17 pm) elisha :you mean President
Obvious
(12:17 pm) JoeyTSA :hahah
(12:17 pm) Ed ::)
(12:26 pm) JoeyTSA :almost time to call it a
week
(12:27 pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Qwert,all traders
(12:27 pm) JoeyTSA :hope you all have a great
weekend, see you on monday
(12:27 pm) Ed :c ya joey
(12:27 pm) elisha :bye joey
(12:27 pm) Qwert :bye joey have a great
weekend
(12:27 pm) Mitch King:later horseman
(12:28 pm) JoeyTSA :funny yuo say that, just
nailed the 5th at Saratoga 🙂
(12:29 pm) Mitch King:dont take your trading
profits to horses. horse profits must pay
for horse betting
(12:29 pm) JoeyTSA :have hit the 1st 5 races
so far, but until the 5th all the prices have
been low
(12:29 pm) JoeyTSA :agreed
(12:35 pm) Qwert :joey you picked five
straight winners wow thats awesome
(12:35 pm) JoeyTSA :most paid low, had to
make some changes from my facebook
selections..lots of scratches, track
conditions..5th was nice though
(12:36 pm) JoeyTSA :very chalky day so far
(12:36 pm) Qwert :ive only been to the races
a couple times was fun
(12:37 pm) JoeyTSA :i need to get to SoCal
for some play
(12:37 pm) Qwert :SLV may be a good one to
watch next week
(12:37 pm) JoeyTSA :Hollywood is closing this
year
(12:37 pm) Mitch King:joey i only like
petting and feeding my neighbors horses
apples. they hear my whistle and come
galloping across the field
(12:37 pm) JoeyTSA ::)
(12:38 pm) JoeyTSA :i make it easier on
myself though..i try not to pick just 1 horse
in each race
(12:38 pm) Ed :agreed qwert, SLV most
oversold conditions of all markets and
istruments
(12:38 pm) Mitch King:the only sure bet i
know about horses is the leader folds his
ears back and rears up and kicks others to
get best spot for eating
(12:38 pm) JoeyTSA ::)
(12:38 pm) Qwert :hahaahah
(12:39 pm) Qwert :Ed u think 20.50 for target
on SLV
(12:40 pm) Qwert :AAPL new lod
(12:40 pm) Ed :atleast
(12:40 pm) Ed :may have some bumps getting
there
(12:42 pm) Qwert :thx i have first tgt at
20.50 then will hold the rest
(12:45 pm) herman :thanx everyone for making
it a good week and have a great weekend
(12:45 pm) Qwert :cya herman
(12:45 pm) Ed :c ya herman
(12:48 pm) elisha :bye herman
(12:50 pm) elisha :have to leave for work
myself – have a good weekend everyone and
thank you for great info
(12:51 pm) Qwert :bye elisha
(12:53 pm) Ed :c ya elisha
(12:54 pm) Qwert :putting QIHU on watch for
next week
(01:00 pm) Qwert :bye everyone have a great
weekend
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