(05:39 am) JoeyTSA :early gap down:
SSNI,INTC,SINA,UPS
(05:40 am) JoeyTSA
:early gap up:
SWKS,TWTR,CTRP,ILMN,QIHU
(05:54 am)
JoeyTSA :reminder: opx today and an extended
weekend, no trading on monday
(06:14 am)
Mitch’s Assist. :January 17, 2014, Friday Pre
Market UP:SLB, OMED, SWKS, ILMN, QCOR, EXPE,
NUGT, SCTY, AXP, TSLA, KERX, QIHU, KONE, Pre
Market DOWN: NUS, UPS, BUD, INTC, RDEN, AAPL,
SSNI, AAWW, BJRI,
(06:22 am) Mitch
King:THere is NO TRADING on Monday, three day
weekend
(06:28 am) Mitch King:MS moving
up, Morgan Stanley
(06:28 am) JoeyTSA
:using 3590,3600,3610 for /NQ to
start
(06:29 am) JoeyTSA :eye on
AXP
(06:30 am) Mitch King:SINA
drop
(06:31 am) JoeyTSA :eye on
NFLX
(06:31 am) JoeyTSA :eye on
NUS
(06:32 am) JoeyTSA :eye on
HLF
(06:32 am) Mitch King:AXP
toppy
(06:32 am) Mitch King:watching OMED
for short
(06:33 am) Mitch King:YHOO
alert
(06:33 am) Mitch King:watching YHOO
for bottom
(06:33 am) JoeyTSA :watching
FEYE again
(06:34 am) JoeyTSA :eye on
GOGO, SRPT
(06:34 am) Mitch King:sold YHOO
39.76
(06:34 am) Mitch King:trying YHOO
long 39.53
(06:34 am) JoeyTSA :heard
another firing at yahoo
(06:35 am) JoeyTSA
:/ES in very tight range
(06:35 am) Mitch
King:AUXL toppy
(06:36 am) Mitch King:dont
buy FFIV at market, big spread
(06:36 am)
Mitch King:watching FFIV for bottom
SOON
(06:37 am) Mitch King:monitoring
SBH
(06:37 am) Mitch’s Assist. :watching
CTXS
(06:38 am) Mitch King:watching
CAKE
(06:38 am) JoeyTSA :tighten AXP if
short
(06:39 am) Mitch King:TSLA
active
(06:39 am) JoeyTSA :tighten NFLX if
long
(06:40 am) Mitch King:quick drop in
solars, monitoring if big drop
(06:41 am)
Mitch King:monitoring ALIM
(06:41 am)
JoeyTSA :tighen FEYE if long
(06:42 am)
Mitch King:AUXL short soon
(06:43 am)
Mitch’s Assist. :ctct
(06:44 am) Mitch
King:watching COL
(06:44 am) Mitch
King:watching VMW
(06:45 am) Mitch
King:new low on CENX
(06:46 am) Mitch
King:monitoring PNC
(06:47 am) Mitch
King:too late to short COL
(06:47 am)
JoeyTSA :NUS wide range so far
(06:48 am)
Mitch King:17 cent spread on RGR to 22
cents
(06:48 am) Mitch King:thats Ruger,
gun mfg
(06:48 am) Mitch King:RGR
alert
(06:49 am) Mitch King:use limit
orders is what im saying
(06:50 am)
JoeyTSA :eye on NVGS
(06:51 am) Mitch
King:watchign WWE for top to short
(06:51
am) Mitch King:ILMN short here
(06:52 am)
Mitch King:SINA low of day, more downside
likely
(06:52 am) Mitch King:watching SYNA
for short
(06:52 am) JoeyTSA :VJET
spike
(06:53 am) Mitch King:watching FSLR
for bottom
(06:53 am) Mitch King:watching
SCTY for bottom
(06:53 am) Mitch
King:watching BIDU for bottom
(06:53 am)
JoeyTSA :eye on NFLX to see if dbl bot
holds
(06:54 am) Mitch King:RGR
bouncing
(06:55 am) Mitch King:LIVE moving
up
(06:57 am) Mitch King:looking for 19.50
on WWE short,
(06:57 am) Mitch King:be
flexible, as a snake
(06:57 am) Mitch
King:we might get $83 on RGR
(06:58 am)
Mitch King:consider selling FFIV if
long
(07:01 am) Mitch King:watching
FEYE
(07:02 am) Mitch King:SYNA
toppy
(07:03 am) Mitch King:watching TSLA
for bottom
(07:08 am) Qwert
:moKERX
(07:08 am) JoeyTSA :keep CONN on
radar
(07:09 am) Qwert :monitoring
KERX
(07:10 am) JoeyTSA :tighten NVGS if
short, i missed it
(07:10 am) Mitch
King:high risk idea: watching NVFY for
bottom. looks like real small
float
(07:10 am) JoeyTSA :tighten OMED if
long as it comes back into hod area, still
watching $42 for breakout
(07:16 am) Mitch
King:watching SWHC for bottom
(07:22 am)
Mitch King:watching DLR for bottom
(07:24
am) Murano :watching MAS for bottom
(07:24
am) Mitch King:reducing some TSLA
(07:25
am) Mitch King:watching SWHC, careful though,
same category as RGR
(07:25 am) Mitch
King:watching MAS
(07:32 am) Mitch
King:SWHC bouncing
(07:32 am) Mitch
King:watching AVP for bottom to buy
(07:35
am) Mitch King:looking for quick long scalp
on GNC
(07:37 am) Mitch King:watching
KNDI
(07:38 am) Mitch King:FSLR moving
up,
(07:41 am) Mitch King:watching ATVI,
tight spread, take time
(07:41 am) Mitch
King:both gun manufacturers SWHC, Smith and
Wesson and RGR, Ruger
(07:41 am) Mitch
King:gradual lift in RGR
(07:49 am) Qwert
:EW
(07:49 am) Mitch King:closed FSLR
long
(08:00 am) JoeyTSA :eye on
SLB
(08:25 am) Mitch King:CFR
drop
(08:26 am) Mitch King:watching BBY
dropping, low of day
(09:07 am) JoeyTSA
:eye on CBOE
(09:21 am) Qwert :monitoring
PCYC
(09:21 am) Mitch King:micro long
SPLS, late to see
(09:24 am) Murano
:watching HCA
(09:33 am) Mitch King:QIWI
slides as Russian anti-terorism law may bring
new payment rules Shares of QIWI
(QIWI), a provider of payment services in
Russia, are sharply lower after reports that
the country is considering new regulations on
cross-border payments. Russian internet
company Yandex (YNDX), which operates the
Russian online payment system Yandex Money,
also fell after the news.
(09:35 am) Mitch
King:id guess 41
(09:35 am) Mitch
King:those 4 increasing red vol bars, great
setup
(09:35 am) Mitch King:nice strong
increasing down vol on QIWI, hsould
bouncd
(09:42 am) Mitch King:limit orders
a must on QIWI with that big of a
spread
(09:46 am) Mitch King:CAKE close to
low of day again
(10:03 am) Mitch
King:watching GOGO
(10:03 am) Murano
:watching DVA approaching R2
(10:33 am)
Mitch King:watching SBUX
(10:34 am) Mitch
King:also watching GALT, nice tight spread on
this. spread is between bid and
ask
(10:46 am) Murano :watching PACB
approaching R3
(11:04 am) Mitch
King:monitoring AVB
(11:08 am) Murano
:watching FDO
(11:11 am) Mitch
King:monitoring SINA
(11:26 am) Murano
:watching DG
| (05:22 am) JoeyTSA :Good morning Qwert,
mber,rd,regatta
(05:22 am) JoeyTSA
:building permits,housing starts in
7min
(05:23 am) JoeyTSA :cap util, ind
prod @ 6:15, UofM @6;55, JOLTS job #
7pdt
(05:24 am) Qwert :Good morning
everyone
(05:28 am) bill1 :Good
morning all.
(05:42 am) alan3 :GM
everyone.
(05:46 am) JoeyTSA :will use
1837,1840,1843 for /ES targets, currently
trading at 1837
(05:46 am) JoeyTSA :below
that 1833-34, 1830
(05:48 am)
skydiver :gm all and thnx joey for
gappers
(05:49 am) JoeyTSA :$63 looks like
the area to watch on TWTR
(05:57 am)
skydiver :UPS attributes blames it’s
weakness on shorter holiday. UPS
reports a proift of $1.25 per share for the
4th quarter. Expectations were for
earnings of $1.43
(05:58 am)
skydiver :I should say UPS expects to
report $1.25
(05:58 am) JoeyTSA :i love
that excuse
(06:00 am) JoeyTSA :will keep
ARIA on radar for some smaller
trades
(06:01 am) JoeyTSA :another
low-priced one is NIHD
(06:03 am) JoeyTSA
:$95 res area so far in /CL
(06:06 am)
Qwert :anyone ever get the message page(s)
Unresponsive for the trading room?
(06:08
am) skydiver :not me qwert
(06:08
am) JoeyTSA :no qwert, never saw that
one
(06:08 am) Qwert :i think its
something to do with google chrome
(06:09
am) Mitch King:well surprise surprise, Obama
is overhauling the NSA. He doesn’t have
a clue how to run our country. He
continues to weaken the US on most every
front
(06:09 am) skydiver :exactly
Mitch . . . overhauling NSA to what is my
question
(06:09 am) Mitch King:everything
he touches he ruins
(06:10 am)
skydiver :well — his message of
“change” — I questioned what that meant from
day one as well
(06:11 am) Mitch King:he
has already tried TWICE to get a financial
transaction tax for every single day trade
you do with a 25 basis point cost to you on
every one way trade. THat would be
$5.00 for a ONE WAY trade on a $20,000
trade. thats higher than commissions we
pay for the discount brokers like Lightspeed,
Interactive, MB Trading, others
(06:12 am)
skydiver :ouch
(06:12 am) Mitch
King:Europe passed their 17 basis points
financial transaction tax last year = $3.40
for same trade
(06:13 am) Mitch
King:includes mutual funds but not bonds and
futures
(06:13 am) skydiver :may be
doing more futures trading then compared to
stocks
(06:13 am) JoeyTSA :good reason to
trade futures then
(06:14 am) Mitch
King:well the problem i see with futures and
forex now is the banks have pretty much
pulled out of futures with the Federal
Reserve requirements. thats why we are
seeing MUCH LESS trading volume and
volatility
(06:15 am) skydiver
:interesting . . . being hit on all
fronts
(06:15 am) Mitch King:even 6 months
ago you can see CL, gold, natural gas, silver
all much more volatile
(06:17 am) Mitch
King:well sky, i dont think stocks are going
to get hit for several years. Obama doesn’t
have the political popularity to get the
financial transaction tax through. he
is very unpopular now among other politicians
as well as the public. He can get the
NSA overhaul through because he has framed it
as being an adversary for the people but in
reality, that is going to weaken our
country
(06:17 am) Mitch King:you can see
he can’t stand the military admirals and
generals, that relationship is more than
strained
(06:18 am) skydiver :Yes, I
keep seeing more of our generals etc being
accused of all sorts of things.
Seems he’s chopping down a lot of the upper
levels
(06:19 am) Mitch King:i still say
he is going to go down as the worst or one of
the worst presidents of the US, in
history
(06:19 am) skydiver
:agreed
(06:20 am) JoeyTSA :he is already
rivaling carter in the polls
(06:20 am)
Mitch King:at least Carter had a strong sense
of what is right and wrong. and was
quite intelligent
(06:20 am) JoeyTSA :he
was likeable
(06:20 am) Murano :good
morning
(06:20 am) skydiver :hey
murano
(06:20 am) Mitch King:hey
M
(06:21 am) JoeyTSA :we had a can of
Billy Beer at our house for a long time
haha
(06:22 am) JoeyTSA :that was carter’
brother billy who came out with
that
(06:22 am) skydiver :wow – I
forgot – thnx for memories joey
(06:22 am)
JoeyTSA ::)
(06:25 am) skydiver
:AAWW – drop due to British airways returns 3
aircraft — just saw the big drop on that
stock
(06:26 am) JoeyTSA :thx sky, saw
that earlier didnt post it though
(06:26
am) skydiver ::)
(06:26 am) JoeyTSA
:might be a good one though, who knows
haha
(06:27 am) JoeyTSA :futures fairly
quiet so far
(06:31 am) skydiver
:RAX dropping
(06:32 am) regatta
:watching KONE
(06:34 am) JoeyTSA :yahoo
ceo mayer trying to clean house i
think
(06:35 am) Mitch King:COO that got
fired gets $42 mil severance, plus he got $20
mil recruiting bonus
(06:36 am) JoeyTSA
:watching AAPL
(06:36 am) skydiver
:missed the LNKD drop
(06:38 am)
skydiver :two ipo’s opening later –
EPE and RSPP
(06:39 am) JoeyTSA :eye
on EA $24 level
(06:39 am) skydiver
:ipo – RSPP now open
(06:40 am)
skydiver :ipo – EPE – opone
(06:40
am) JoeyTSA :OMED strong so far
(06:42 am)
JoeyTSA :missed great dbl bot on /NQ between
listed levels
(06:43 am) JoeyTSA :use $42
as next OMED breakout
(06:45 am)
skydiver :/CL dropped nicely
(06:45
am) skydiver :should have had 2
contracts – hit target and dropped
further
(06:46 am) JoeyTSA :yeah sky, 40t
drop from R2
(06:46 am) skydiver
:yeah
(06:47 am) JoeyTSA :stoppd right at
R1 forme
(06:47 am) skydiver
:right
(06:47 am) skydiver :SPY
dropping
(06:48 am) JoeyTSA :early leak on
UofM # maybe?
(06:48 am) skydiver :I
was wondering that as well joey
(06:49 am)
JoeyTSA :/NQ right back to 3590
area
(06:52 am) JoeyTSA :missed grat short
on QIHU
(06:52 am) skydiver :VJET –
buy out rumors
(06:52 am) JoeyTSA :thx
sky
(06:53 am) skydiver :no shorts
on VJET at Lightspeed
(06:54 am) JoeyTSA
:SINA still weak
(06:55 am) skydiver
:Uofm – expecations – 83.5 – came out
80.4
(06:56 am) JoeyTSA :thx sky
(06:56
am) skydiver ::)
(06:57 am) JoeyTSA
:wonder if WWE moved due to new
channel?
(06:58 am) JoeyTSA :/CL still
trickling down, see if it tests $94
(06:58
am) JoeyTSA :FEYE with another nice
bounce
(07:01 am) freitag8 :are you
on the CL 3 -4 or still 2-4?
(07:01 am)
freitag8 :my “one” key is
sticking
(07:01 am) JoeyTSA :m still on
2-14
(07:02 am) skydiver :hit
another target on /CL short . . . crazy – I’m
on CL 2-4 reitage
(07:03 am)
freitag8 :I’m on 3-14
(07:04 am)
freitag8 :thx
(07:15 am)
skydiver :AAPL – launches iphone today
in China
(07:17 am) JoeyTSA :FEYE testing
$75, great trading on it so far
(07:17 am)
JoeyTSA :early break, back in 20
(07:17
am) freitag8 :Woodies CCI is giving a
reversal signal soon in CL, it may test 94
again
(07:17 am) freitag8 :have a
good break Joey
(07:37 am) skydiver
:DECK moved up
(07:43 am) Murano :weak
bounce on MAS be
careful
(07:43 am) freitag8 :got my
reversal i /CL but it doesn’t look strong
enuf to test 94
(07:43 am) regatta
:watching IDIX
(07:46 am) skydiver
:president to speak on nsa in 15 minutes
approx
(07:47 am) Mitch King:thanks sky, i
will watch HGTV then
(07:47 am)
skydiver ::)
(07:48 am) Mitch
King:cool fishing show on Outdoor
Channel
(07:52 am) JoeyTSA :was there a
shooting today or earnings? re:
RGR
(07:53 am) skydiver :I don’t see
any news on RGR joey
(07:54 am) JoeyTSA
:weird to see a drop like that with no news
etc
(07:55 am) skydiver :agree
joey
(07:58 am) JoeyTSA :nice pullack on
FEYE back into $73 area
(07:58 am) JoeyTSA
:pullback
(08:00 am) skydiver
:HLF
(08:00 am) JoeyTSA :nice qwert on EW,
sky on HLF
(08:01 am) skydiver
:Ackman to claim HLF’s China operations
illegal according to the NY Post
(08:01
am) skydiver :and of course he is short
HLF
(08:08 am) skydiver :NUS just
broke thru support of $80
(08:12 am)
skydiver :taking 10 minute
break
(08:14 am) JoeyTSA :enjoy
sky
(08:14 am) JoeyTSA :another leg down
on HLF
(08:16 am) skydiver :Obama
speaking now
(08:20 am) JoeyTSA :another
wild day on ICPT
(08:22 am) skydiver
:I see that joey . . . I’m staying clear of
ICPT for now . . . 🙂
(08:23 am) JoeyTSA
:missed nice move when it pulled back form
285 and pushed thru 280 again
(08:23 am)
Murano :if you took MAS long from 22 area
would sell some here
(08:24 am) JoeyTSA
:QIHU a good one today
(08:24 am) Mitch
King:lot of good action today, surprised with
3 day weekend coming
(08:24 am) JoeyTSA
:agreed
(08:25 am) JoeyTSA :keep eye on
OMED for push thru $40 later, it never
triggered that $42+ breakut
(08:51 am)
JoeyTSA :OMED pulled bck to $38
(08:53 am)
skydiver :monitoring FCX
(08:53 am)
skydiver :ok – have an appointment to
get to . . . will try to get back on later —
if not — have a great 3 day week-end
🙂
(08:54 am) freitag8 :have a good
day!
(08:54 am) skydiver
::)
(08:54 am) JoeyTSA :enjo sky
(08:57
am) freitag8 :GNC in a nice recovery
from the LOD
(09:03 am) regatta
:watching CBOE
(09:07 am) JoeyTSA :good
catch regatta
(09:08 am) regatta
:tks joey
(09:09 am) JoeyTSA :regatta: are
you using a scanner, if so, which one?
thx
(09:09 am) regatta :trade
ideas
(09:09 am) JoeyTSA :oh ok, preset or
did you create it
(09:09 am) regatta
:created
(09:09 am) JoeyTSA :real
cool
(09:15 am) regatta :joey, you
still watching CBOE
(09:21 am)
regatta :watching QIWI
(09:22 am)
JoeyTSA :sorry regatta, no..was on the
internet haha
(09:23 am) JoeyTSA :QIWI all
down after that 1st pop
(09:23 am) Mitch
King:good eye on QIWI regatta
(09:24 am)
regatta :tks
(09:24 am) JoeyTSA
:that squirrel has his act together today
🙂
(09:24 am) regatta :i gave him
his medication
(09:24 am) JoeyTSA
::)
(09:25 am) JoeyTSA :hope its covered
under 0care 🙂
(09:25 am) regatta
:me too
(09:25 am) regatta :if not,
i’ll have to find some “medication”
(09:26
am) JoeyTSA :haha
(09:33 am) JoeyTSA :thx
Mitch
(09:54 am) Murano :covered all
HCA
(10:00 am) alan3 :Have a great
weekend everyone.
(10:00 am) Murano :se
you alan
(10:06 am) Murano :looking for
slight pullback in DVA and then to continue
up
(10:18 am) freitag8 :/CL has
caught support right here twice already
today
(10:18 am) freitag8 :CL
2-14
(10:29 am) Murano :DVA had the slight
pullback but no bounce
(10:33 am) JoeyTSA
:AAPL lod
(10:50 am) regatta :just
saw VNCE
(10:50 am) regatta :KONE
possible developing bullshort
(10:55 am)
freitag8 :Thunder has been Spot O with
CL 2-14 on 1 min today
(10:55 am)
freitag8 :On*
(10:59 am)
regatta :murano, you still watching
PACB
(11:00 am) Murano :yes
regatta
(11:03 am) regatta :DB
moving
(11:03 am) Murano :regatta I don’t
like PACB as a long and it is not setting up
well as a short. Will probably leave it
alone.
(11:04 am) regatta :i wasn’t
sure either, tks
(11:09 am) regatta
:watching PFMT, low vol
(11:21 am) Murano
:out 3/4 FDO
(11:23 am) Murano :out last
1/4 FDO
(11:30 am) Murano :covered all
DG
(11:30 am) JoeyTSA :great one on FDO
Murano
(11:31 am) Murano :I got out of FDO
early
(11:31 am) JoeyTSA :still
$$
(11:31 am) Murano :didn’t expect it to
run that far
(11:31 am) JoeyTSA :nothing
wrong with selling into strength
(11:31
am) Murano :actually made more money on the
DG short
(11:32 am) JoeyTSA :QIHU trying
to bottom
(11:32 am) JoeyTSA :old saying ”
sell when you can, not when you have to
“
(11:32 am) Murano :ain’t that a
fact
(11:39 am) Murano :covered all
FDO
(11:45 am) Murano :got out to early
going up covered to early coming
down
(11:47 am) Mitch King:im calling it a
day guys, see you Tuesday. Monday there
is no trading, MLK day
(11:47 am) JoeyTSA
:Thanks Mitch, enjoy your weekend
(11:48
am) Murano :it looks like my DGX Jan 18 $55
calls will expire worhtless
(11:48 am)
freitag8 :Take care Mitch
(11:48 am)
Murano :have a good weekend Mitch
(11:52
am) freitag8 :Hey Guys… just a
general question.. on these day traded
stocks… what is the average move you look
for in 1 trade?
(11:54 am) JoeyTSA :i dont
set an avg move, some here use % though i
think
(11:55 am) Murano :I look for a
stock that has the potential of at least
1%
(11:55 am) freitag8 :ok… that
helps… Thx
(11:56 am) Murano :However on
moves like NUS yesterday you have to look for
a lot more
(11:56 am) freitag8
:OK… I guess Charles Payne recommended it
just before it got smoked
(11:57 am)
Murano :FDO moved up 3.50 today a 50%
retracement is not unusual
(11:58 am)
freitag8 :its pretty close to 50%
now… so on the pull back you would short
and look for it to level out at ‘about’ 50%
retracement?
(11:59 am) Murano :it always
good to hold a small piece of your short to
see if it reaches the 50%
(11:59 am)
Murano :I did not do that today
(12:00 pm)
freitag8 :OK… so add in as it drops
and then take it off as it approches 50%
Retrace and hold maybe 100 shares short until
it bottoms… is that about right?
(12:01
pm) Murano :I may add to my short position
within the first few cents of a drop but not
after that
(12:02 pm) freitag8
:ok… excellent
(12:02 pm) freitag8
:thanks
(12:04 pm) Murano :With FDO I
started a small short position at 68.30 added
at 68.40 and at again at 68.32 on the way
down
(12:06 pm) Qwert :Murano how wide of
a stop are you using on a trade like
FDO?
(12:06 pm) Murano :I have to say for
the new people starting a short or long
position before the turn of the stock is high
risk
(12:06 pm) Murano :I did not have a
stop Qwert
(12:07 pm) freitag8
:Nicely done on FDO Murano… that about took
out the high of the day
(12:08 pm) Qwert
:were you entering the trade based on the
trading action
(12:08 pm) Murano :The
setup was textbook, the RSI was starting to
flatten on the one minute and I felt the odds
were good
(12:08 pm) Murano :for a
short
(12:08 pm) freitag8 :I use the
Woodies CCI and the 20 Bar Moving Average…
and that’s about it
(12:09 pm)
freitag8 :I also look for a 3 Inside
Down or UP pattern as a trigger
(12:09 pm)
freitag8 :it works real well with /CL
but I’m just getting into daytrading the
stocks
(12:10 pm) Murano :I will not enter
a trade without using RSI
(12:10 pm)
freitag8 :I’ll take a look at the RSI
over the weekend
(12:11 pm) regatta
:SPY falling
(12:11 pm) Murano :for day
trading you need to use a 14, 10 on a 1
minute and a 4 minute chart
(12:11 pm)
Murano :RSI 14, 10
(12:13 pm) Murano :14
is the period and 10 is the
smoothing
(12:14 pm) JoeyTSA :Thanks
everyone, have a great 3 day weekend, see you
all tuesday
(12:14 pm) Murano :I am
beginning to feel really bad about my FDO
short. I left over $1.80 on the
table.
(12:14 pm) Murano :have a good
weekend Joey
(12:15 pm) JoeyTSA :macd
still hasnt turned up on FDO
(12:15 pm)
JoeyTSA :price is hitting one o my lines
though
(12:16 pm) freitag8 :Thanks
Murano… I just built that into my ToP
Platform study
(12:16 pm) freitag8
:oops TOS*
(12:17 pm) Murano :backtest it
freitag and see for yourself
(12:19 pm)
freitag8 :ok… will do
(12:19 pm)
freitag8 :dva
(12:19 pm)
freitag8 :DVA took a drop
(12:24 pm)
Murano :freitag, I concentrat on three
indicators MACD, RSI and volume
(12:24 pm)
Murano :my typing is terrible
(12:26 pm)
freitag8 :no worries… I get the
idea… I like the MACD but have all but
stopped looking at volume
(12:27 pm)
Murano :volume if beneficial on a trade like
FDO for the short
(12:29 pm)
freitag8 :u looking for larger than
average volume?
(12:29 pm) Murano :looking
for a parabolic move up in price and
volume
(12:30 pm) freitag8 :on the 1
minute or 4 minute… or both?
(12:30 pm)
Murano :the parabolic move in volume mjust
acompany the move up in price on both the one
and four minute charts
(12:31 pm)
freitag8 :ok… I’ll study and backtest
on FDO
(12:31 pm) pirate :Murano do
you use the regular RSI or the stochastic
RSI….what about the Stochastic fast with 14
and 10
(12:31 pm) pirate :which
seems best to u
(12:32 pm) Qwert :candle
sticks
(12:32 pm) Murano :thew reason I
covered FDO short early was the volume bars
were continuing to increase on the one minute
after the drop started.
(12:32 pm) Murano
:pirate I use the regular RSI in
Ninja
(12:32 pm) pirate :ok
thx
(12:33 pm) Qwert :Murano are you using
lightning on your charts or just candle
sticks
(12:33 pm) Murano
:cnadlesticks
(12:33 pm) Murano
:candlesticks
(12:34 pm) Qwert :okay thx i
use lightning to help stay longer with last
1/4 po
(12:34 pm) Qwert
:position
(12:35 pm) Murano :I probably
should also
(12:35 pm) Qwert :as example
on FDO no buy signal until 65.50
area
(12:36 pm) Qwert :works really good
and easy to handle
(12:38 pm) Murano
:Qwwet, a 2,4,2 or 3,6,2 ?
(12:38
pm) Qwert :on 1 min
(12:38 pm) Qwert :not
lightning bars
(12:39 pm) Murano :that is
after the fact Qwert, the first signal showed
in mine at 66.83
(12:40 pm) Murano :if I
go out of the chart and come back in the
signal is at 65.50
(12:40 pm) Qwert :first
buy signal for me is at 12:18 pst
(12:42
pm) Murano :my first lightning signal showed
at approx 1:46/1:47 central time
(12:43
pm) Qwert :I did switch the chart to a
differnt spot before i looked
(12:43 pm)
Qwert :i dont have that signal
(12:46 pm)
freitag8 :Ok… I’m heading out… made
$200 today… not quite the $400 I look
for… but a win is a win
(12:46 pm)
freitag8 :have a good weekend
(12:46
pm) Murano :looking back on my alert box the
buy signal was at 66.87 and the time was
1:56.01
(12:47 pm) Murano :that is .20
better than my cover
(12:48 pm) Qwert
:which buy signal is it I have some turned
off
(12:49 pm) Murano :I do not know, how
do I tell?
(12:50 pm) Qwert :look at the
indicator I have signal #1 turned
off
(12:50 pm) Murano :I have beta 2
loaded and all turned on
(12:51 pm) Qwert
:i have beta 3 and signal 1 off
(12:52 pm)
Murano :I will try that
(12:52 pm) Murano
:thanks
(12:52 pm) Qwert :i turned off #1
to many signals
(12:53 pm) Qwert :so only
get the purple, blue and orange
signals
(12:54 pm) Qwert :sure thing have
a great weekend see ya on tuesday
(12:55
pm) Murano :have a great weekend
Qwert thanks
(12:58 pm) Murano
:done for the day, see you Tuesday
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