| (06:04 am) Mitch King:important buy signal CL
10, should last for 20-30 min
(06:04 am) Mitch King:also NG 10-13,
important buy signal
(06:13 am) Mitch King:when i use the term
“important” on the futures trading ideas, it
is a longer term hold, maybe 20-60 minutes,
which is longer than a quick scalp
(06:14 am) Mitch :September 16, 2013 Pre
Market Up: SOHU, MU, WYNN, FSLR, FB, BP,
SPY, LVS, BTI, XONE, SSYS, ULTA, ITB, C,
AMZN, PKG, NFLX, SHLD, TSLA, GYRO, GMCR, LGN,
BTH, GS, BZ, Pre Market Down: AAPL,
UCO,QIHU, PERI, CTB,
(06:26 am) Mitch King:anyone still long with
me in CL?
(06:28 am) Mitch King:if you had several
contracts long in CL you can sell two of them
whenever you want but I suggest keeping the
3rd one open for a “runner” until we get
clear sell signal in an oversold condition
(06:29 am) Ed :have to reboot my scanner
(06:30 am) JoeyTSA :PLD spike
(06:30 am) Mitch King:what i do on futures is
post the underlying symbol with the
expiration month like CL 10 is for October
expiration. it is just the datafeed that i
use compared to Joey’s
(06:32 am) Mitch King:watching LPX for top
(06:32 am) Mitch King:watching AAPL for
bottom to buy
(06:34 am) Mitch King:monitoring QIHU for top
for short
(06:34 am) Mitch King:watching HCN for top
(06:34 am) Mitch :watching ATI
(06:34 am) Mitch King:consider selling CL 10
if long soon
(06:35 am) JoeyTSA :watching SPLK for bottom
(06:36 am) Mitch King:watching RMTI for top
(06:36 am) Mitch :watching TSLA
(06:36 am) Mitch King:watchign EDU for top
(06:36 am) Mitch King:watching SOHU for
bottom to buy, take time
(06:37 am) Mitch King:watching BMRN for
bottom to buy
(06:37 am) Mitch :watching GMCR for top
(06:37 am) Mitch King:watching NFLX for
bottom
(06:38 am) JoeyTSA :watching /YM, /TF for
bottoms
(06:38 am) Mitch :watching HD
(06:38 am) Mitch King:watching NQ for bottom,
take time
(06:39 am) Mitch :BIDU strong
(06:39 am) Mitch King:monitoring C for
bottom
(06:40 am) Mitch King:watching EQT for
bottom
(06:41 am) Mitch King:watching PKG for
bottom, no hurry
(06:43 am) Mitch King:WAG strong, trending
up
(06:45 am) Mitch King:monitoring DSX for
bottom, no hurry
(06:45 am) Mitch King:watching PKG closer
(06:48 am) Ed :scanner back up now
(06:49 am) Mitch King:watching LULU for
trades both ways today
(06:50 am) Mitch King:still no short signal
for CL yet but monitoring
(06:52 am) JoeyTSA :/ES testing 1694 area,
was big area earlier/yesterday?
(06:57 am) Mitch King:if you are long NG
10-13, no sell signal anywhere in sight
(06:58 am) Mitch King:watching JBHT for
bottom, going to be a while
(06:59 am) JoeyTSA :keeping YY on radar for
breakout over $48
(07:00 am) Mitch King:watching ODFL for
bottom to buy, take time
(07:06 am) Mitch King:Important sell signal
in CL 10-13, good for short, my suggestion is
to watch for a little rebound to short. if
you trade several contracts you can short one
here and then wait for higher prices to fill
other contracts
(07:07 am) JoeyTSA :watching XONE for bottom,
ugly so far
(07:10 am) Mitch King:you see what i am
talking about when i use the word “important”
signal? they take a long time and have a
tendency to be large profits in that trade.
the CL was over 100 tick move
(07:12 am) Qwert :HLF watching
(07:13 am) Mitch King:now on this drop with
CL, i dont try to buy long on a countertrend
move. since it is now trending down, you
look for a short on the top of a rebound.
thats the high odds play and lower stress if
you are disciplined to follow these
guidelines
(07:13 am) Mitch King:CL meaning CL 10-13,
not Colgate Palmolive
(07:22 am) Ed :situation of shooter at Navy
Yard in DC
(07:23 am) JoeyTSA :SPRT getting some action
(07:24 am) JoeyTSA :SRPT..sorry
(07:27 am) Mitch King:if long NG 10-13,
consider selling, early sell signal
(07:36 am) Qwert :monitoring CYH
(07:43 am) Mitch King:lower low on CL, more
downside
(08:20 am) Ed :just monitoring right now
(08:20 am) Ed :ROC on move
(08:25 am) Qwert :monitoring OMER
(08:26 am) Qwert :monitoring TROX
(08:30 am) Mitch King:buy signal in GC 12-13
(08:31 am) JoeyTSA :eye on SSYS near $95
(08:34 am) Qwert :covered 3/4 OMER
(09:00 am) Ed :(SY) UN inspectors release
report on Syria chemical weapons attack,
cites evidence that sarin gas was delivered
by rocket —
(09:17 am) Qwert :monitoring UNXL
(09:30 am) Ed :very quiet action right now
(09:33 am) JoeyTSA :tighten SSYS if long over
$95
(09:49 am) JoeyTSA :eye on both QIHU and
SSYS
(10:42 am) Ed :SPY new lod
(10:46 am) Ed :Options have been halted in
Nazdaq stocks
(10:47 am) Ed :issues with reporting on
options
(10:49 am) Ed :willl just monitor for now
(10:49 am) Ed :IPHI, missed
(10:53 am) Ed :so right now ALL options are
down due to system
(11:06 am) Ed :options trading will reopen 2
2:10est
(11:07 am) Ed :that 2:10est
(11:19 am) Ed’s assistant :Monitoring POT
(11:21 am) Ed :ELX alert
(11:36 am) Ed :new lows in markets
(11:43 am) Ed :UA monitoring for potential
long
(11:44 am) Ed :if ur new to trading or not
consistent in ur trading would pass on UA
(11:44 am) Ed :this is advnaced trade
strategy as looking to go against trend
(11:50 am) Ed :Im standing aside for now on
UA
(11:51 am) Ed :will monitor see how 74.50 or
74 reacts to price
(12:19 pm) Ed :if u were able to take UA long
would reduce some
(12:26 pm) Ed :TSLA California new car dealer
association requests probe of Tesla
advertising-
(12:26 pm) Ed :getting some TSLA news
(12:38 pm) Ed :SPY new lod
(12:56 pm) Ed :have a great eve traders
| (05:49 am) JoeyTSA :Good morning
Mitch,Qwert,everyone
(05:49 am) javi3 :good morning
(05:50 am) JoeyTSA :cap utilization rate,
industrial prod #’s @ 6:15pdt
(05:50 am) JoeyTSA :early gap up:
SOHU,SPLK,PKG,NFLX.LNKD
(05:51 am) JoeyTSA :early gap down:
QIHU,UVXY,AAPL
(05:51 am) JoeyTSA :javi3 : new to room?
(05:52 am) taco :gm everyone thanks for gaps
joey
(05:52 am) Qwert :Good morning Mitch, Joey,
everyone 🙂
(05:53 am) kotsonis3 :gm folks
(05:53 am) JoeyTSA :hi kotsonis, new also?
(05:54 am) Qwert :welcome javi, kotsonis
(06:07 am) Ed :welcome kotsonis, javi
(06:11 am) Mitch King:hello kotonis, javi and
burden
(06:12 am) Ed :welcome burden
(06:12 am) burden3 :good morning
(06:14 am) JoeyTSA :thanks Mitch, hi
burden3
(06:16 am) burden3 :good morning joey
(06:17 am) taco :thx Mitch
(06:20 am) skydiver :gm all
(06:22 am) JoeyTSA :nice /CL call Mitch
(06:23 am) camerini3 :good morning everyone.
First time here.
(06:23 am) JoeyTSA :welcome camerini
(06:23 am) Qwert :welcome camerini
(06:23 am) camerini3 :thanks everyone.
(06:25 am) herman :gm all
(06:25 am) JoeyTSA :opening can be a bit
crazy from time to time, so if newer to
trading, might just want to watch
(06:26 am) Qwert :yes Mitch great call
(06:26 am) taco :i’m out thx for the call
Mitch
(06:28 am) JoeyTSA :for newer members, any
calls that have a slash ” / ” in front, are
futures calls
(06:28 am) JoeyTSA :so /CL means crude oil,
not Clorox
(06:33 am) JoeyTSA :BIDU testing $145, on
watch
(06:36 am) JoeyTSA :see waht LNKD does here
near $250
(06:39 am) alostath3 :good morning
(06:40 am) alostath3 :guys , do you know how
to pull up and down the chart for NINJA , and
how to make it wide ?
(06:41 am) alostath3 :becuae i can not pull
the chart down ??
(06:41 am) taco :try your mouse on the edge
of the chart
(06:41 am) alostath3 :then
(06:42 am) taco :does it become a two way
arrow?
(06:43 am) alostath3 :do you mean arrow
up/down?
(06:43 am) taco :if you’re at the top or
bottom of chart yes
(06:43 am) taco :left and right if at sides
(06:45 am) alostath3 :but when i make it
wide, the bars go up and disappear , and when
i try pull the bars down , i couldn’t???
(06:46 am) taco :is there a tiny F in a box
at top right of your chart?
(06:46 am) alostath3 :like TRADESTATION
PLATFORM”
(06:46 am) JoeyTSA :thats weird, not sure why
that is happening?
(06:47 am) alostath3 :YES
(06:47 am) taco :click it
(06:47 am) alostath3 :what’s the meaning of
F
(06:47 am) JoeyTSA :sky: did you get TSLA? i
missed it
(06:47 am) Mitch King:hey alostath, you
should try to work these details out when it
is not so busy, first hour of trading is best
time to be trading
(06:47 am) taco :not sure but it calibrates
scale
(06:47 am) skydiver :missed it too joey . .
. I didn’t get filled at my price when I
clicked . . .
(06:47 am) Mitch King:welcome to the trading
room though, lol
(06:48 am) alostath3 :ok
(06:48 am) JoeyTSA :BIDU nice so far, see
what it does at $147 now
(06:49 am) skydiver :QIHU been strong so far
this morning
(06:49 am) JoeyTSA :yeah sky, good one
(06:49 am) skydiver :I caught QIHU at 82.49
long earlier
(06:50 am) JoeyTSA :thats why i missed TSLA
🙂
(06:50 am) skydiver ::) 🙂
(06:50 am) JoeyTSA :100t move so far Mitch
(06:51 am) alostath3 :how do you see all the
chances of stochs
(06:51 am) alostath3 :stocks”
(06:51 am) Mitch King:yeah joey, i closed my
last contract at 106.93, little early but
watching for short within 15-20 min on CL
10-13
(06:54 am) taco :great call /NG too Mitch
(06:55 am) taco :didn’t trade it
(06:55 am) JoeyTSA :didnt have /NG up
(06:56 am) JoeyTSA :not sure i understand
your question alostath?
(06:59 am) JoeyTSA :YY has been getting a lot
of attention in IBD lately
(07:06 am) taco :watching for 2nd top /CL
(07:10 am) taco :i sell myself so short on
those moves but i am gaining confidence and
experience, enjoy it v much
(07:10 am) JoeyTSA :you play that kind of
move correctly, you can take the week or
month off 🙂
(07:11 am) Mitch King:i knew you would like
this.
(07:11 am) JoeyTSA :nice pullback to $107 on
/CL too
(07:18 am) skydiver :Thanks for great calls
— another early business meeting . . see ya
all later towards close 🙂
(07:19 am) JoeyTSA :nice job sky, enjoy
(07:19 am) taco :see ya sky
(07:19 am) skydiver ::)
(07:19 am) JoeyTSA :need to schedule those
meetings for later
(07:19 am) skydiver :agreed!!! 🙂
(07:19 am) skydiver :I’m gone
(07:19 am) Qwert :bye sky enjoy your day
(07:21 am) Qwert :XONE new lod
(07:22 am) shawn3 :He ED: how does NFLX look
for a short?
(07:24 am) herman :thank you for the good
trades today must go to work
(07:24 am) Mitch King:bye herman
(07:24 am) taco :take care herman
(07:24 am) JoeyTSA :bye herman
(07:25 am) Ed :in this area no edge shawn
(07:31 am) JoeyTSA :break time, great trades,
see you in 20
(07:31 am) taco :enjoy joey
(07:32 am) Ed :no edge for me shawn, means
50% chance or less.
(07:37 am) shawn3 :Thanks ED
(07:42 am) taco :ODFL nice dbl bot, didn’t
take it
(07:59 am) taco :AAPL a dog
(08:08 am) camerini3 :hi Ed and Joy. I
signed up last Friday. I watched the videos
and started doing some market replay to train
my brain on the setups. I put a 3min chart in
one screen and a 3 Lightning Bars on another
screen on /CL.
(08:09 am) Ed :welcome and good to hear
(08:09 am) Mitch King:3 min chart is really
long time interval camerini
(08:09 am) Mitch King:consider a 1 min chart
and lightning bars on a second chart
(08:09 am) camerini3 :It looks to me that
the Lightning bars turn sooner than the 3
min, and once the last one does, then the
setup works well. does that make sense?
(08:10 am) camerini3 :ok, will look at the
1min as well.
(08:12 am) camerini3 :so just to expand on
that for a second, you would take the signal
generated by the 1min or the Lightning bar?
(08:14 am) Mitch King:yes camerini the
Lightning bars are much shorter tiem frame.
(08:15 am) camerini3 :thanks.
(08:17 am) shawn3 :ED: Do you long NFLX
(08:18 am) Ed :no. the pace of tape, or
markets seem slow, so Im just sitting on
hands
(08:18 am) shawn3 :K
(08:19 am) Ed :When markets move slow, at any
time you can have the 3rd particiapant come
into market and you get that wow, what
happened.
(08:21 am) taco :ed’s hands are flat, fast
and rich 😉
(08:22 am) Qwert :hahaah
(08:22 am) Ed :In markets you have 3
participants, buy/seller, and the person
sitting on sidelines just waiting. This is
why mindset of knowing anything can happen
serves one well
(08:23 am) Ed :Uncle sam got it
(08:26 am) zentrader :hi guys watching TROX
(08:27 am) Ed :hey zen, been a while
(08:27 am) zentrader :hi Ed, yeah I haven’t
checked in ages
(08:27 am) JoeyTSA :uh oh, there goes the
neighborhood 🙂
(08:27 am) JoeyTSA :good to see you zen
(08:27 am) Qwert :hahahaha
(08:27 am) zentrader ::)
(08:28 am) JoeyTSA :thought you were just
retired to that mediteranian island you
bought 🙂
(08:30 am) zentrader :haha
(08:33 am) javi3 :gc?
(08:34 am) Ed :gc is for gold futures
(08:34 am) javi3 :tku
(08:34 am) Ed :no problem
(08:34 am) JoeyTSA :its either listed with a
date like 12-13 or with a /, like /GC
(08:37 am) Ed :nice call on TROX
(08:42 am) JoeyTSA :Ed: looks like 4 dead so
far in that shooting
(08:42 am) Ed :sadly
(08:43 am) JoeyTSA :yeah, hate those kind of
stories
(08:46 am) JoeyTSA :/CL not venturing too far
from $107 right now
(08:46 am) JoeyTSA :kind of making a bit of a
triangle
(09:00 am) JoeyTSA :thx Ed
(09:00 am) JoeyTSA :great break of triangle
on /CL
(09:07 am) JoeyTSA :QIHU been active all
morning also
(09:14 am) Ed :poetntially 3 shooters
(09:15 am) JoeyTSA :wow
(09:15 am) Ed :1 shooter was killed, so
looking for 2
(09:19 am) JoeyTSA :they just said possible
white male and black male as shooters…man,
thats gonna tick off the media now 🙂
(09:19 am) Ed :yep
(09:19 am) JoeyTSA :that crinkling sound you
hear is 1000’s of pieces of paper crying for
a racism case getting thrown in teh garbage
(09:20 am) Ed :for certain
(09:20 am) JoeyTSA :Ed, BIIB decent move
again
(09:21 am) JoeyTSA :im still not in it
(09:24 am) Ed :yea that sector doing well
(09:24 am) JoeyTSA :yeah, you had mentioned
that last week
(09:48 am) JoeyTSA :is this a new speech by
0bama or a replay?
(09:49 am) Ed :new speech
(09:50 am) JoeyTSA :could have fooled me
haha
(09:51 am) Ed :yea
(09:56 am) JoeyTSA :he really uses the word ”
I ” a lot when its convenient for him
(10:06 am) JoeyTSA :be back in an hour, keep
eye on SSYS
(10:53 am) taco :thx ed
(11:06 am) JoeyTSA :options notice just left
my lightspeed
(11:06 am) JoeyTSA :thx
(11:22 am) Ed :an alert is high risk,high
reward, advanced typed trade
(11:22 am) JoeyTSA :stock barely had any vol
until last 2 candles
(11:30 am) JoeyTSA :AAPL having a rough day
(11:34 am) chinhngo :bought ssys
(11:34 am) chinhngo :bought d
(11:45 am) chinhngo :bought cover clvs
(11:47 am) chinhngo :bought ua
(11:51 am) chinhngo :set trailing stop .40
(11:53 am) Ed :chin, need to have more
patience or not trade setups going against
overall trend
(11:54 am) chinhngo :just follow up to you
anyway bought ua already let see but set sell
trailing stop .40
(11:55 am) chinhngo :sold ssys
(12:03 pm) chinhngo :bought ssys again
(12:08 pm) chinhngo :sold us at 75.22 thank
mr ed
(12:08 pm) chinhngo :us = ua
(12:19 pm) JoeyTSA :nice call Ed
(12:19 pm) JoeyTSA :shutting down early
(12:19 pm) JoeyTSA :thanks
Mitch,Ed,Diosna,Qwert,everyone
(12:19 pm) Ed :c ya joey
(12:19 pm) JoeyTSA :enjoy your day, see you
all tomorrow
(12:20 pm) taco :c ya joey
(12:25 pm) Qwert :bye joey cya in the am
(12:26 pm) chinhngo :bye joey
(12:32 pm) chinhngo :short tsla via sell
call
(12:33 pm) taco :Thanks Mitch Ed Diosna
Qwert. Have a great rest of your day.
(12:33 pm) taco :see you in the am
(12:33 pm) Ed :too late, in here
(12:33 pm) Ed :c ya taco
(12:33 pm) Qwert :bye taco
(12:34 pm) taco :and everyone else too
(12:34 pm) chinhngo :bye taco
(12:45 pm) chinhngo :buy cover tsla
(12:51 pm) Qwert :Bye everyone have a great
night cya all in the am
(12:51 pm) Ed :c ya qwert
|
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