| (05:25 am) JoeyTSA :Good morning
austria,doji,regatta
(05:26 am) JoeyTSA :3 reports including
unemploymnent claims up in 2 min
(05:26 am) JoeyTSA :nat gas @ @ 7:30pdt
(05:27 am) doji :Good day Joey. Nice move in
FB and APPL, unfortunately I don’t gamble
with earnings….
(05:28 am) JoeyTSA :yeah big move, plus AAPL
announced a split
(05:29 am) JoeyTSA :believe its a 7:1 split
(05:35 am) Qwert :Good morning Joey, austria,
doji, regatta
(05:36 am) regatta :gm joey, qwert, doji,
austria
(05:37 am) skydiver :gm everyone
(05:38 am) skydiver :Jobless Claims data
reported Week of 4/19 Jobless Claims at 329K
vs. consensus of 313K
(05:41 am) skydiver :ZMH – Zimmer to combine
with Biomet in transaction valued at $13.35B
(06:00 am) JoeyTSA :thx for info sky
(06:02 am) skydiver ::0
(06:02 am) skydiver ::)
(06:14 am) skydiver :thnx Mitch and joey for
gappers
(06:22 am) JoeyTSA :keep eye on GM today,
interesting article in the chicago
paper..about lawsuits
(06:23 am) skydiver :FB – dropping
(06:31 am) skydiver :GWPH – dropping
(06:37 am) regatta :watching SRPT
(06:46 am) JoeyTSA :totally missed that LNKD
short
(06:47 am) JoeyTSA :gave great 2nd entry too,
still missed it
(06:47 am) skydiver :well joey – I missed it
too
(06:55 am) JoeyTSA :GWPH was a nice short
(07:00 am) skydiver :Ukraiine tensions may
be affecting market today
(07:01 am) scalpman :FFIV moving up nicely.
Great Call, Mitch!
(07:02 am) scalpman :Fib ratio points are
106.22 107.52 and 108.56
(07:03 am) scalpman :A strong indicator is
the movavgs. 5, 15, 50 200….are all lined
up nicely
(07:04 am) doji :QCOR nice run so far
(07:05 am) JoeyTSA :NFLX pounded so far
(07:05 am) scalpman :Need help from QQQ to
rally up…
(07:06 am) skydiver :monitoring TSLA –
missed the short on it today
(07:07 am) JoeyTSA :be interesting to see
what happens with AAPL up until the split
(07:08 am) skydiver :AAPL split takes place
in June?
(07:08 am) JoeyTSA :i didnt hear when
(07:08 am) skydiver :read somewhere this
morning – June is the thought
(07:08 am) doji :Yes, in June
(07:08 am) JoeyTSA :thx
(07:09 am) skydiver :thnx doji
(07:09 am) JoeyTSA :NFLX still dropping
(07:10 am) regatta :watching CTRP
(07:11 am) skydiver :thnx Mitch
(07:16 am) skydiver :out 1/2 TSLA long
(07:16 am) regatta :watching ECOM
(07:16 am) Mitch King:watching FFIV if price
moves above 106, then would look for another
$1
(07:17 am) skydiver :all out of TSL
(07:18 am) skydiver :TSLA long
(07:19 am) skydiver :FB – moving up nice
finally
(07:20 am) Mitch King:real nice trades this
morning
(07:21 am) Qwert :great trading today
(07:21 am) skydiver :all out of FB long
(07:23 am) skydiver :LNKD at vwap
(07:26 am) Murano :great call on WDAY
(07:26 am) JoeyTSA :great bouce on CTRP
(07:26 am) JoeyTSA :back in 20, great calls
this morning
(07:27 am) skydiver :see ya joey and enjoy
(07:51 am) Mitch King:gee that was a lot of
good trade setups this morning
(07:51 am) Qwert :for sure great trades
today
(07:55 am) regatta :watching HZO
(07:55 am) skydiver :nice one Murano on WFM
(07:57 am) skydiver :all out of FFIV short
(07:57 am) skydiver :Thanks for great calls
— I mis handled a couple, but other trades
good — see you all tomorrow
(07:58 am) freitag8 :bye sky
(07:58 am) JoeyTSA :enjy sky
(08:00 am) freitag8 :I made a small profit
on FFIV… but it moves too fast for my stop
loss preset
(08:15 am) Qwert :Bye everyone cya later
today or in the am
(08:16 am) freitag8 :Bye Qwert
(08:16 am) JoeyTSA :bye qwert
(08:16 am) JoeyTSA :have a good day
(08:16 am) Mitch King:LATER QWERT
(08:17 am) freitag8 :took CFX long on that
spike… made 50 cents real quick on 200
shares…
(08:17 am) freitag8 :Thx for sharing the CFX
trade Mitch
(08:28 am) Mitch King:sure frei
(08:31 am) Mitch King:bummer we missed LO
spike down, never saw it til now. this is
time of day i start reviewing many charts,
(08:40 am) regatta :SPY nearing hod
(08:46 am) Murano :WCC missed by .10 on
earnings and the stock is up $3
(08:50 am) regatta :watching UAL
(08:54 am) Murano :if you took WCC short
would cover some here
(08:56 am) Murano :tighten on AAL long
(09:06 am) regatta :watching ABC
(09:07 am) akram :Muano thanks for AAL
(09:12 am) Murano :weak bounce on ABC be
careful
(09:15 am) Mitch King:good job on ABC
murano,
(09:16 am) Murano :reduce some ABC
(09:19 am) regatta :watching SYRG
(09:25 am) regatta :tks mitch, nice to see
in real time
(09:26 am) Mitch King:i hope that makes sense
what i am saying
(09:26 am) Mitch King:also, when you see
those really high vol, fast movers, don’t
short those, jump on the trend
(09:26 am) Mitch King:whether short or long.
these are news driven trades.
(09:27 am) Mitch King:now this UA trade was a
lower vol, weaker move, so you can take a
reversal but im really cautious about doing
that, its best not to over trade them
(09:27 am) Mitch King:you might want to copy
and past this on your trading log, which i
write my own everyday.
(09:28 am) Mitch King:paste
(09:29 am) Mitch King:i already started
reviewing charts this morning. i found 120
charts i want to review
(09:29 am) Mitch King:i am constantly
learning, i hope you have same habits too, it
really helps. basically it becomes higher
win rate, lower losses = more profits
(09:31 am) Mitch King:ok now the volume spike
posted on new candle, let me check if my
volume is updating in real time
(09:32 am) Mitch King:i fyou use ninja, watch
what i am doing, CTRL I for indicators, then
look for Calculate on Bar Close= False for
Volume
(09:32 am) Mitch King:see that it is set to
True? thats why my vol was not showing until
the next candle
(09:33 am) Mitch King:on the volume, i set
Calculate on Bar Close at FALSE so i can see
volume bar building in real time instead of
waiting for bar to close
(09:48 am) Mitch King:the slow motion
breakouts like CTXS are not near as reliable
as you just witnessed.
(09:49 am) Mitch King:when you have the first
candle that moves quickly up or down with
high volume, that is best condition for setup
to jump on trend
(09:49 am) Mitch King:practice this in a
simulator quite a few times and you will get
comfortable with it pretty quickly. will
only take you a few weeks to get comfortable
with this
(09:50 am) Mitch King:this time of day, like
in last couple of hours through end of day is
when you can see these easiest. hard to see
this in first hour of trading
(09:51 am) freitag8 :Thats good teaching
Mitch… Thanks!
(10:06 am) Murano :monitoring HP
(10:12 am) freitag8 :hp
(10:12 am) Mitch King:hey by the way, that
technique i was explaining is much more
difficult to try that with CL, crude oil is
really really fast to try what i explained.
needs much more practice, i prefer stocks
with this
(10:12 am) freitag8 :oops… wrong box
(10:14 am) Murano :reduce HP if long
(10:14 am) Murano :RIG having a good day
(10:18 am) freitag8 :DHI still in a strong
uptrend for a $20 stock
(10:21 am) Mitch King:good one on HP guys
(10:24 am) Murano :out all HP
(10:33 am) Murano :all the offshore drilling
stocks are up today, SDRL, DO, RIG, etc
(10:39 am) regatta :just watching /NQ fall
(10:58 am) Murano :monitoring BHI
(11:00 am) JoeyTSA :can anyone using futures
give me either current prices on /ES, /NQ,
/CL if you have them up..thanks
(11:01 am) regatta :/NQ is at 3573
(11:02 am) JoeyTSA :thx regatta thats what i
have
(11:02 am) JoeyTSA :had to switch some
things, so making sure things are correct
(11:04 am) JoeyTSA :101.82 on /CL for me
(11:05 am) regatta :/CL 101.82
(11:05 am) Murano :break time back in 20
(11:06 am) freitag8 :enjoy ur break
(11:06 am) JoeyTSA :enjoy murano
(11:09 am) JoeyTSA :freitag,do you have your
futures up?
(11:10 am) freitag8 :yes
(11:10 am) JoeyTSA :1870 for /ES ?
(11:10 am) freitag8 :yes
(11:10 am) freitag8 :1869.75
(11:11 am) freitag8 :1869.50
(11:11 am) freitag8 :.75
(11:11 am) JoeyTSA :perfect thanks…just
want to make sure my feed is current
(11:11 am) freitag8 :yup… ur good
(11:11 am) JoeyTSA :had to switch data feeds,
so jst checking i set up right
(11:13 am) freitag8 :I’m using ToS & IB
(11:13 am) freitag8 :and watching Time &
Sales… so it’s pretty accurate
(11:15 am) JoeyTSA :nice
(11:17 am) freitag8 :Looks like $69 is very
possible on BHI and $68 is a potential also
(11:17 am) Mitch King:thats what im seeing
too $69 first target on short side
(11:18 am) freitag8 :where is your stop on a
stock like this Mitch? I’m typically too
close
(11:22 am) JoeyTSA :where is your short
entry?
(11:23 am) freitag8 :I got in at 69.44
(11:23 am) doji :Did you short at $69.44
Freitag?
(11:23 am) JoeyTSA :so kind of late, i would
probably have it either .60 or .70
(11:24 am) JoeyTSA :if you are short>>
(11:24 am) freitag8 :I’m currently at .66,
so thats right in there
(11:24 am) freitag8 :ya… I’m short
(11:25 am) JoeyTSA :cool, 69.44 was a decent
quik scalp long spot too
(11:25 am) JoeyTSA :but more dangerous
(11:25 am) JoeyTSA :and thatsonly based on
the pos div i see
(11:25 am) JoeyTSA :in hindsight of course
(11:25 am) freitag8 :I took the Trend Trend
trade breaking the 69.46 support at just
before 11AM
(11:26 am) JoeyTSA :depending on your r/r,
stop could be set at $70..but i wouldnt do
that personally
(11:26 am) doji :Personally I wouldn’t take
BHI short here..
(11:27 am) freitag8 :70.00 is too high for
my r/r/
(11:27 am) JoeyTSA :same here, if i was in
(11:28 am) doji :I’d like a failed re-test
of $70 for a potential short….
(11:29 am) JoeyTSA :sofar .60 is res
(11:29 am) freitag8 :that’s a good point and
safe entry Doji.. if it gets back up there
(11:34 am) JoeyTSA :keeps knocking @ .60
(11:35 am) freitag8 :printed 61 cents and
then sold off quick a couple times
(11:35 am) JoeyTSA :yeah, i was just
eyeballing the line
(11:36 am) JoeyTSA :if it overshoots pullback
and holds .60,could pop to $70
(11:36 am) JoeyTSA :price is holding the 15ma
so far
(11:37 am) freitag8 :with a slight uptrend
since LOD
(11:37 am) freitag8 :on 1 min & 5 min
(11:38 am) JoeyTSA :slow trade though, even
on a 1min
(11:39 am) freitag8 :that spike gave me a
sell signal
(11:39 am) freitag8 :watching it closely
now
(11:39 am) JoeyTSA :just lost the 15ma
(11:40 am) freitag8 :yup… could be a
shakeout before turning up… we’ll see if
there is any follow thru
(11:51 am) freitag8 :Yup… paint is still
wet at the Baker Hughes house… just
checked
(11:51 am) JoeyTSA :thankfully im not in it
haha
(11:51 am) JoeyTSA :ive seen funeral
processions move faster 🙂
(11:51 am) freitag8 :i got in way late
(11:51 am) freitag8 :me too
(11:52 am) freitag8 :my VW bus moves faster
(11:52 am) JoeyTSA :that prev close lline was
a good dbl top area
(11:52 am) JoeyTSA :in that 70.40 area
(11:53 am) JoeyTSA :BHI just doesnt usually
have the adr i like
(11:53 am) JoeyTSA :GWPH has been a good
recent one thouh
(11:54 am) freitag8 :I do some of the lower
ATRs if I see there is previous technical
levels like that $69 & $68 level
(11:54 am) JoeyTSA :right, all depends on
what yu are looking for in the trade at the
time
(11:55 am) freitag8 :I loom for 50 cents…
anything above that is extra
(11:55 am) freitag8 :look*
(11:56 am) JoeyTSA :to me, 50c is a lot on
many low adr types
(11:56 am) freitag8 :I’m doing a double lot
of 400 shares total on BHI … but I felt $69
was pretty likely when I got in
(11:57 am) JoeyTSA :if it loses .40, you have
a shot
(11:57 am) freitag8 :ur right… it is a
lot… but that $69 level was sooooo close
(11:57 am) JoeyTSA :had you got it when it
lost $70..then yeah
(11:57 am) freitag8 :hey… I have a
profit… woohoo!
(11:57 am) JoeyTSA 🙂
(11:57 am) freitag8 :’had’ a profit
(11:58 am) JoeyTSA :eve the indis are kind of
middling right no
(11:58 am) JoeyTSA :ow
(11:58 am) JoeyTSA :now
(12:00 pm) Mitch King:oh man, we totally
missed HEAR dump last 30 min
(12:01 pm) JoeyTSA :not one for me
(12:06 pm) Mitch King:UTEK small move
(12:07 pm) Mitch King:HEAR is too low priced
to short though, is that your thought joey?
(12:08 pm) JoeyTSA :no it only fell from 9.60
to 9.15
(12:08 pm) JoeyTSA :no enough of a move for
me
(12:08 pm) JoeyTSA :first drop was only 25c
(12:10 pm) JoeyTSA :Thanks
Mitch,Murano,Qwert,everyone
(12:10 pm) JoeyTSA :shutting down for the
day, have a great aftenoon, see you all in
the morning
(12:11 pm) Murano :see you Joey
(12:12 pm) freitag8 :take care joey
(12:15 pm) Mitch King:take care joey
(12:15 pm) Mitch King:thanks for your help
(12:17 pm) freitag8 :Yes… thnks for your
help Joey…
(12:17 pm) Murano :monitoring ACXM
(12:27 pm) Murano :if you took BHI long would
sell some here
(12:31 pm) freitag8 :Swing Trade Idea… I
got a BUY signal on LEN… next technical
level is $40, Has a $1.29 ATR
(12:35 pm) freitag8 :Big spread on GWPH…
use limit orders
(12:41 pm) Mitch King:i saw the homebuilders
dumped yesterday morning, was good time to
buy after the housing numbers came out
(12:44 pm) freitag8 :Is MANH in the Real
Estate Sector?
(12:44 pm) freitag8 :it got hammered after
posting good numbers
(12:45 pm) Mitch King:Manhattan Associates,
Inc. develops, sells, deploys, services, and
maintains supply chain commerce software
solutions for retailers, wholesalers,
manufacturers, governments, and other
organizations to enhance their supply chain
operations from planning through execution.
(12:45 pm) freitag8 :MANH is in application
software… I saw Manhatten and thought Real
Estate
(12:46 pm) Mitch King:hey frei, what am i,
your personal trading assistant? hehe
(12:46 pm) freitag8 :when I can talk u into
it! lol
(12:46 pm) freitag8 :no… your no
assistant… but you are a Mentor
(12:46 pm) freitag8 :aqnd darn good one too
(12:47 pm) Mitch King:hey frei, do i have to
trade for you too?
(12:47 pm) Mitch King:lol
(12:47 pm) freitag8 :my account would be
profitable if you did!
(12:48 pm) freitag8 :I’ll pay u in Fortune
Cookiess
(12:48 pm) Mitch King:you are doing good, i
think you probably would do better with more
simple routine. be more of a sniper instead
of using a machine gun
(12:48 pm) freitag8 :I agree… I bounce
around too much from opportunity to
opportunity
(12:49 pm) freitag8 :have you ever read
Peter Lynch’s book… One Up on Wall Street?
(12:49 pm) Mitch King:read that decade or
more ago, maybe 2 decades
(12:50 pm) freitag8 :too funny!
(12:50 pm) freitag8 :laugh out loud… !
(12:51 pm) freitag8 :maybe I should trade in
Gamer Stocks… paramilitary style
(12:53 pm) Murano :done for the day, see you
tomorow
(12:53 pm) freitag8 :I’m gonna try something
different tomorrow… I have 5 stocks on a
list… if they trade higher than the close
today I’ll intraday trade them…see if that
helps
(12:53 pm) freitag8 :Bye Murano… thanks
for the Calls
(12:53 pm) Mitch King:later murano, thanks
for your help
(12:53 pm) Mitch King:frei, this is something
you should not be thinking about here:
http://search.yahoo.com/search?p=money+pictur
e&ei=UTF-8&fr=moz35
(12:55 pm) freitag8 :lol… dreamstime! Too
funny
(12:55 pm) freitag8 :Money money money money
money!
(12:56 pm) freitag8 :ok… my sides are
hurting from laughing… time to go to lunch
(12:56 pm) freitag8 :Thanks Mitch… you
rock!
(12:57 pm) freitag8 :bye everyone… keep
the faith and good trades tomorrow
| (05:25 am) JoeyTSA :Good morning
austria,doji,regatta
(05:26 am) JoeyTSA :3 reports including
unemploymnent claims up in 2 min
(05:26 am) JoeyTSA :nat gas @ @ 7:30pdt
(05:27 am) doji :Good day Joey. Nice move in
FB and APPL, unfortunately I don’t gamble
with earnings….
(05:28 am) JoeyTSA :yeah big move, plus AAPL
announced a split
(05:29 am) JoeyTSA :believe its a 7:1 split
(05:35 am) Qwert :Good morning Joey, austria,
doji, regatta
(05:36 am) regatta :gm joey, qwert, doji,
austria
(05:37 am) skydiver :gm everyone
(05:38 am) skydiver :Jobless Claims data
reported Week of 4/19 Jobless Claims at 329K
vs. consensus of 313K
(05:41 am) skydiver :ZMH – Zimmer to combine
with Biomet in transaction valued at $13.35B
(06:00 am) JoeyTSA :thx for info sky
(06:02 am) skydiver ::0
(06:02 am) skydiver ::)
(06:14 am) skydiver :thnx Mitch and joey for
gappers
(06:22 am) JoeyTSA :keep eye on GM today,
interesting article in the chicago
paper..about lawsuits
(06:23 am) skydiver :FB – dropping
(06:31 am) skydiver :GWPH – dropping
(06:37 am) regatta :watching SRPT
(06:46 am) JoeyTSA :totally missed that LNKD
short
(06:47 am) JoeyTSA :gave great 2nd entry too,
still missed it
(06:47 am) skydiver :well joey – I missed it
too
(06:55 am) JoeyTSA :GWPH was a nice short
(07:00 am) skydiver :Ukraiine tensions may
be affecting market today
(07:01 am) scalpman :FFIV moving up nicely.
Great Call, Mitch!
(07:02 am) scalpman :Fib ratio points are
106.22 107.52 and 108.56
(07:03 am) scalpman :A strong indicator is
the movavgs. 5, 15, 50 200….are all lined
up nicely
(07:04 am) doji :QCOR nice run so far
(07:05 am) JoeyTSA :NFLX pounded so far
(07:05 am) scalpman :Need help from QQQ to
rally up…
(07:06 am) skydiver :monitoring TSLA –
missed the short on it today
(07:07 am) JoeyTSA :be interesting to see
what happens with AAPL up until the split
(07:08 am) skydiver :AAPL split takes place
in June?
(07:08 am) JoeyTSA :i didnt hear when
(07:08 am) skydiver :read somewhere this
morning – June is the thought
(07:08 am) doji :Yes, in June
(07:08 am) JoeyTSA :thx
(07:09 am) skydiver :thnx doji
(07:09 am) JoeyTSA :NFLX still dropping
(07:10 am) regatta :watching CTRP
(07:11 am) skydiver :thnx Mitch
(07:16 am) skydiver :out 1/2 TSLA long
(07:16 am) regatta :watching ECOM
(07:16 am) Mitch King:watching FFIV if price
moves above 106, then would look for another
$1
(07:17 am) skydiver :all out of TSL
(07:18 am) skydiver :TSLA long
(07:19 am) skydiver :FB – moving up nice
finally
(07:20 am) Mitch King:real nice trades this
morning
(07:21 am) Qwert :great trading today
(07:21 am) skydiver :all out of FB long
(07:23 am) skydiver :LNKD at vwap
(07:26 am) Murano :great call on WDAY
(07:26 am) JoeyTSA :great bouce on CTRP
(07:26 am) JoeyTSA :back in 20, great calls
this morning
(07:27 am) skydiver :see ya joey and enjoy
(07:51 am) Mitch King:gee that was a lot of
good trade setups this morning
(07:51 am) Qwert :for sure great trades
today
(07:55 am) regatta :watching HZO
(07:55 am) skydiver :nice one Murano on WFM
(07:57 am) skydiver :all out of FFIV short
(07:57 am) skydiver :Thanks for great calls
— I mis handled a couple, but other trades
good — see you all tomorrow
(07:58 am) freitag8 :bye sky
(07:58 am) JoeyTSA :enjy sky
(08:00 am) freitag8 :I made a small profit
on FFIV… but it moves too fast for my stop
loss preset
(08:15 am) Qwert :Bye everyone cya later
today or in the am
(08:16 am) freitag8 :Bye Qwert
(08:16 am) JoeyTSA :bye qwert
(08:16 am) JoeyTSA :have a good day
(08:16 am) Mitch King:LATER QWERT
(08:17 am) freitag8 :took CFX long on that
spike… made 50 cents real quick on 200
shares…
(08:17 am) freitag8 :Thx for sharing the CFX
trade Mitch
(08:28 am) Mitch King:sure frei
(08:31 am) Mitch King:bummer we missed LO
spike down, never saw it til now. this is
time of day i start reviewing many charts,
(08:40 am) regatta :SPY nearing hod
(08:46 am) Murano :WCC missed by .10 on
earnings and the stock is up $3
(08:50 am) regatta :watching UAL
(08:54 am) Murano :if you took WCC short
would cover some here
(08:56 am) Murano :tighten on AAL long
(09:06 am) regatta :watching ABC
(09:07 am) akram :Muano thanks for AAL
(09:12 am) Murano :weak bounce on ABC be
careful
(09:15 am) Mitch King:good job on ABC
murano,
(09:16 am) Murano :reduce some ABC
(09:19 am) regatta :watching SYRG
(09:25 am) regatta :tks mitch, nice to see
in real time
(09:26 am) Mitch King:i hope that makes sense
what i am saying
(09:26 am) Mitch King:also, when you see
those really high vol, fast movers, don’t
short those, jump on the trend
(09:26 am) Mitch King:whether short or long.
these are news driven trades.
(09:27 am) Mitch King:now this UA trade was a
lower vol, weaker move, so you can take a
reversal but im really cautious about doing
that, its best not to over trade them
(09:27 am) Mitch King:you might want to copy
and past this on your trading log, which i
write my own everyday.
(09:28 am) Mitch King:paste
(09:29 am) Mitch King:i already started
reviewing charts this morning. i found 120
charts i want to review
(09:29 am) Mitch King:i am constantly
learning, i hope you have same habits too, it
really helps. basically it becomes higher
win rate, lower losses = more profits
(09:31 am) Mitch King:ok now the volume spike
posted on new candle, let me check if my
volume is updating in real time
(09:32 am) Mitch King:i fyou use ninja, watch
what i am doing, CTRL I for indicators, then
look for Calculate on Bar Close= False for
Volume
(09:32 am) Mitch King:see that it is set to
True? thats why my vol was not showing until
the next candle
(09:33 am) Mitch King:on the volume, i set
Calculate on Bar Close at FALSE so i can see
volume bar building in real time instead of
waiting for bar to close
(09:48 am) Mitch King:the slow motion
breakouts like CTXS are not near as reliable
as you just witnessed.
(09:49 am) Mitch King:when you have the first
candle that moves quickly up or down with
high volume, that is best condition for setup
to jump on trend
(09:49 am) Mitch King:practice this in a
simulator quite a few times and you will get
comfortable with it pretty quickly. will
only take you a few weeks to get comfortable
with this
(09:50 am) Mitch King:this time of day, like
in last couple of hours through end of day is
when you can see these easiest. hard to see
this in first hour of trading
(09:51 am) freitag8 :Thats good teaching
Mitch… Thanks!
(10:06 am) Murano :monitoring HP
(10:12 am) freitag8 :hp
(10:12 am) Mitch King:hey by the way, that
technique i was explaining is much more
difficult to try that with CL, crude oil is
really really fast to try what i explained.
needs much more practice, i prefer stocks
with this
(10:12 am) freitag8 :oops… wrong box
(10:14 am) Murano :reduce HP if long
(10:14 am) Murano :RIG having a good day
(10:18 am) freitag8 :DHI still in a strong
uptrend for a $20 stock
(10:21 am) Mitch King:good one on HP guys
(10:24 am) Murano :out all HP
(10:33 am) Murano :all the offshore drilling
stocks are up today, SDRL, DO, RIG, etc
(10:39 am) regatta :just watching /NQ fall
(10:58 am) Murano :monitoring BHI
(11:00 am) JoeyTSA :can anyone using futures
give me either current prices on /ES, /NQ,
/CL if you have them up..thanks
(11:01 am) regatta :/NQ is at 3573
(11:02 am) JoeyTSA :thx regatta thats what i
have
(11:02 am) JoeyTSA :had to switch some
things, so making sure things are correct
(11:04 am) JoeyTSA :101.82 on /CL for me
(11:05 am) regatta :/CL 101.82
(11:05 am) Murano :break time back in 20
(11:06 am) freitag8 :enjoy ur break
(11:06 am) JoeyTSA :enjoy murano
(11:09 am) JoeyTSA :freitag,do you have your
futures up?
(11:10 am) freitag8 :yes
(11:10 am) JoeyTSA :1870 for /ES ?
(11:10 am) freitag8 :yes
(11:10 am) freitag8 :1869.75
(11:11 am) freitag8 :1869.50
(11:11 am) freitag8 :.75
(11:11 am) JoeyTSA :perfect thanks…just
want to make sure my feed is current
(11:11 am) freitag8 :yup… ur good
(11:11 am) JoeyTSA :had to switch data feeds,
so jst checking i set up right
(11:13 am) freitag8 :I’m using ToS & IB
(11:13 am) freitag8 :and watching Time &
Sales… so it’s pretty accurate
(11:15 am) JoeyTSA :nice
(11:17 am) freitag8 :Looks like $69 is very
possible on BHI and $68 is a potential also
(11:17 am) Mitch King:thats what im seeing
too $69 first target on short side
(11:18 am) freitag8 :where is your stop on a
stock like this Mitch? I’m typically too
close
(11:22 am) JoeyTSA :where is your short
entry?
(11:23 am) freitag8 :I got in at 69.44
(11:23 am) doji :Did you short at $69.44
Freitag?
(11:23 am) JoeyTSA :so kind of late, i would
probably have it either .60 or .70
(11:24 am) JoeyTSA :if you are short>>
(11:24 am) freitag8 :I’m currently at .66,
so thats right in there
(11:24 am) freitag8 :ya… I’m short
(11:25 am) JoeyTSA :cool, 69.44 was a decent
quik scalp long spot too
(11:25 am) JoeyTSA :but more dangerous
(11:25 am) JoeyTSA :and thatsonly based on
the pos div i see
(11:25 am) JoeyTSA :in hindsight of course
(11:25 am) freitag8 :I took the Trend Trend
trade breaking the 69.46 support at just
before 11AM
(11:26 am) JoeyTSA :depending on your r/r,
stop could be set at $70..but i wouldnt do
that personally
(11:26 am) doji :Personally I wouldn’t take
BHI short here..
(11:27 am) freitag8 :70.00 is too high for
my r/r/
(11:27 am) JoeyTSA :same here, if i was in
(11:28 am) doji :I’d like a failed re-test
of $70 for a potential short….
(11:29 am) JoeyTSA :sofar .60 is res
(11:29 am) freitag8 :that’s a good point and
safe entry Doji.. if it gets back up there
(11:34 am) JoeyTSA :keeps knocking @ .60
(11:35 am) freitag8 :printed 61 cents and
then sold off quick a couple times
(11:35 am) JoeyTSA :yeah, i was just
eyeballing the line
(11:36 am) JoeyTSA :if it overshoots pullback
and holds .60,could pop to $70
(11:36 am) JoeyTSA :price is holding the 15ma
so far
(11:37 am) freitag8 :with a slight uptrend
since LOD
(11:37 am) freitag8 :on 1 min & 5 min
(11:38 am) JoeyTSA :slow trade though, even
on a 1min
(11:39 am) freitag8 :that spike gave me a
sell signal
(11:39 am) freitag8 :watching it closely
now
(11:39 am) JoeyTSA :just lost the 15ma
(11:40 am) freitag8 :yup… could be a
shakeout before turning up… we’ll see if
there is any follow thru
(11:51 am) freitag8 :Yup… paint is still
wet at the Baker Hughes house… just
checked
(11:51 am) JoeyTSA :thankfully im not in it
haha
(11:51 am) JoeyTSA :ive seen funeral
processions move faster 🙂
(11:51 am) freitag8 :i got in way late
(11:51 am) freitag8 :me too
(11:52 am) freitag8 :my VW bus moves faster
(11:52 am) JoeyTSA :that prev close lline was
a good dbl top area
(11:52 am) JoeyTSA :in that 70.40 area
(11:53 am) JoeyTSA :BHI just doesnt usually
have the adr i like
(11:53 am) JoeyTSA :GWPH has been a good
recent one thouh
(11:54 am) freitag8 :I do some of the lower
ATRs if I see there is previous technical
levels like that $69 & $68 level
(11:54 am) JoeyTSA :right, all depends on
what yu are looking for in the trade at the
time
(11:55 am) freitag8 :I loom for 50 cents…
anything above that is extra
(11:55 am) freitag8 :look*
(11:56 am) JoeyTSA :to me, 50c is a lot on
many low adr types
(11:56 am) freitag8 :I’m doing a double lot
of 400 shares total on BHI … but I felt $69
was pretty likely when I got in
(11:57 am) JoeyTSA :if it loses .40, you have
a shot
(11:57 am) freitag8 :ur right… it is a
lot… but that $69 level was sooooo close
(11:57 am) JoeyTSA :had you got it when it
lost $70..then yeah
(11:57 am) freitag8 :hey… I have a
profit… woohoo!
(11:57 am) JoeyTSA 🙂
(11:57 am) freitag8 :’had’ a profit
(11:58 am) JoeyTSA :eve the indis are kind of
middling right no
(11:58 am) JoeyTSA :ow
(11:58 am) JoeyTSA :now
(12:00 pm) Mitch King:oh man, we totally
missed HEAR dump last 30 min
(12:01 pm) JoeyTSA :not one for me
(12:06 pm) Mitch King:UTEK small move
(12:07 pm) Mitch King:HEAR is too low priced
to short though, is that your thought joey?
(12:08 pm) JoeyTSA :no it only fell from 9.60
to 9.15
(12:08 pm) JoeyTSA :no enough of a move for
me
(12:08 pm) JoeyTSA :first drop was only 25c
(12:10 pm) JoeyTSA :Thanks
Mitch,Murano,Qwert,everyone
(12:10 pm) JoeyTSA :shutting down for the
day, have a great aftenoon, see you all in
the morning
(12:11 pm) Murano :see you Joey
(12:12 pm) freitag8 :take care joey
(12:15 pm) Mitch King:take care joey
(12:15 pm) Mitch King:thanks for your help
(12:17 pm) freitag8 :Yes… thnks for your
help Joey…
(12:17 pm) Murano :monitoring ACXM
(12:27 pm) Murano :if you took BHI long would
sell some here
(12:31 pm) freitag8 :Swing Trade Idea… I
got a BUY signal on LEN… next technical
level is $40, Has a $1.29 ATR
(12:35 pm) freitag8 :Big spread on GWPH…
use limit orders
(12:41 pm) Mitch King:i saw the homebuilders
dumped yesterday morning, was good time to
buy after the housing numbers came out
(12:44 pm) freitag8 :Is MANH in the Real
Estate Sector?
(12:44 pm) freitag8 :it got hammered after
posting good numbers
(12:45 pm) Mitch King:Manhattan Associates,
Inc. develops, sells, deploys, services, and
maintains supply chain commerce software
solutions for retailers, wholesalers,
manufacturers, governments, and other
organizations to enhance their supply chain
operations from planning through execution.
(12:45 pm) freitag8 :MANH is in application
software… I saw Manhatten and thought Real
Estate
(12:46 pm) Mitch King:hey frei, what am i,
your personal trading assistant? hehe
(12:46 pm) freitag8 :when I can talk u into
it! lol
(12:46 pm) freitag8 :no… your no
assistant… but you are a Mentor
(12:46 pm) freitag8 :aqnd darn good one too
(12:47 pm) Mitch King:hey frei, do i have to
trade for you too?
(12:47 pm) Mitch King:lol
(12:47 pm) freitag8 :my account would be
profitable if you did!
(12:48 pm) freitag8 :I’ll pay u in Fortune
Cookiess
(12:48 pm) Mitch King:you are doing good, i
think you probably would do better with more
simple routine. be more of a sniper instead
of using a machine gun
(12:48 pm) freitag8 :I agree… I bounce
around too much from opportunity to
opportunity
(12:49 pm) freitag8 :have you ever read
Peter Lynch’s book… One Up on Wall Street?
(12:49 pm) Mitch King:read that decade or
more ago, maybe 2 decades
(12:50 pm) freitag8 :too funny!
(12:50 pm) freitag8 :laugh out loud… !
(12:51 pm) freitag8 :maybe I should trade in
Gamer Stocks… paramilitary style
(12:53 pm) Murano :done for the day, see you
tomorow
(12:53 pm) freitag8 :I’m gonna try something
different tomorrow… I have 5 stocks on a
list… if they trade higher than the close
today I’ll intraday trade them…see if that
helps
(12:53 pm) freitag8 :Bye Murano… thanks
for the Calls
(12:53 pm) Mitch King:later murano, thanks
for your help
(12:53 pm) Mitch King:frei, this is something
you should not be thinking about here:
http://search.yahoo.com/search?p=money+pictur
e&ei=UTF-8&fr=moz35
(12:55 pm) freitag8 :lol… dreamstime! Too
funny
(12:55 pm) freitag8 :Money money money money
money!
(12:56 pm) freitag8 :ok… my sides are
hurting from laughing… time to go to lunch
(12:56 pm) freitag8 :Thanks Mitch… you
rock!
(12:57 pm) freitag8 :bye everyone… keep
the faith and good trades tomorrow
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