[06:31 am] Mitch K: the buy on dip strategy
will probably be best
[06:31 am] Mitch K:
watching TGT for bottom
[06:31 am] Mitch
K: most trades should be on the long
side
[06:34 am] Mitch K: example of what i
am referring to is let stocks pullback before
buying long. the stocks that are
dumping for a drop and pop are probably not
good candidates. best to go with
strong acting stocks
[06:35 am] Mitch K:
monitoring DOLE
[06:35 am] Mitch K:
watching UPL for bottom
[06:37 am] Mitch
K: watching RGR for bottom
[06:37 am]
Mitch K: watching DISCA for bottom to
buy
[06:37 am] Mitch K: watching COG for
bottom to buy
[06:38 am] Mitch K: watching
HFC for bottom
[06:38 am] Mitch K:
watching JWN for bottom
[06:39 am] Mitch
K: monitoring APC
[06:39 am] Mitch K:
watching TIF for bottom
[06:40 am] Mitch
K: watching AGCO for bottom
[06:40 am]
Mitch K: watching ALJ for bottom
[06:42
am] Mitch K: watching SINA for bottom to
buy,
[06:43 am] Mitch K: watching ALJ
closer
[06:45 am] Mitch K: watching DECK
for bottom
[06:46 am] Mitch K: watching
DECK closer
[06:46 am] Mitch K: watching
KORS for bottom
[06:46 am] Mitch K:
watching LNKD for bottom
[06:47 am] Mitch
K: monitoring GOOG
[06:48 am] Mitch K:
watching DOLE closer
[06:48 am] Mitch K:
watching ANF for bottom
[06:48 am] Mitch
K: stocks coming off their highs and many
stocks are going to present a good tradable
bottom to buy long. im expecting the
bounces to be stronger than normal because of
bullish sentiment
[06:49 am] Mitch K:
watching VMED for bottom
[06:49 am] Mitch
K: watching SGYP for bottom, lower priced,
dont get heavy in this
[06:49 am] Mitch K:
watching MR for bottom
[06:49 am] Mitch K:
looking for many stocks to look like the FIRE
chart, missed bottom
[06:51 am] Mitch K:
watching DG for bottom
[06:51 am] Mitch K:
watching PANW for bottom
[06:52 am] Mitch
K: watching ELLI possible top soon
[06:52
am] Ed : SPY at hod
[06:53 am] Ed : SPY
new hod
[06:54 am] Mitch K: watching WPI
for bottom
[06:56 am] Mitch K: watching MR
closer
[06:56 am] Mitch K: watching for
many of the bounces to top out
[06:56 am]
Mitch K: start watching for exit points on
the longs, like LNKD
[06:57 am] Mitch K:
consider selling PANW long soon
[06:58 am]
Mitch K: still monitoring DECK, not in
hurry
[06:58 am] Mitch K: consider
reducing/selling TGT soon
[06:59 am] Mitch
K: should be out of the long scalp of
RGR
[07:03 am] Mitch K: watching WPI
closer, still watching for bottom
[07:05
am] Ed : monitoring JBHT
[07:06 am] Mitch
K: watching DDD for bottom
[07:08 am]
Mitch K: watching CL, Crude Oil for bottom
soon
[07:08 am] Mitch K: WPI
bottoming
[07:08 am] Mitch K: DECk getting
more interesting for next bottom
[07:09
am] Mitch K: consider reducing MR if
long
[07:10 am] Mitch K: watching LULU for
bottom
[07:10 am] Mitch K: monitoring
CLH
[07:11 am] Mitch K: watching EQT
closer
[07:12 am] Mitch K: watching CL to
reduce long
[07:12 am] Mitch K: the
indexes havent sold off so overall market is
still strong. these drops from highs
should bounce well on next bottom
[07:13
am] Mitch K: watching QCOR for
bottom
[07:13 am] Mitch K: when i post CL,
that means Crude Oil unless I specifically
say Colgate
[07:14 am] Mitch K: watching
COG for bottom, 2nd bottom, first bounce was
very weak
[07:18 am] Mitch K: also
watching QCOR closer too
[07:18 am] Mitch
K: watching HFC closely
[07:18 am] Mitch
K: consider selling TIF if long
[07:19 am]
Mitch K: consider selling more CL if
long
[07:21 am] Mitch K: consider covering
TIF if short
[07:21 am] Mitch K: good eye
on VMW joey and EMC mike. both should
bounce
[07:23 am] Mitch K: remember that
this fiscal cliff deal lasts only for 60
days, then back in same boat. this is a
good thing because we get high volatility
again, which is what we like as
traders
[07:24 am] Mitch K: i think the
boat will be leaky and more damaged if we are
going in same boat, possibly motor won’t work
and missing paddles
[07:25 am] Mitch K:
also guy in charge of life boat pointing gun
at passengers
[07:27 am] Mitch K: CL
toppy
[07:28 am] Mitch K: HFC trying too
but like QCOR
[07:28 am] Mitch K: QCOR
bottoming here
[07:29 am] Mitch K:
watching to see if EMC breaks below $25
first, typical to see bounce off number like
$25, still watching
[07:30 am] Mitch K:
EMC bouncy
[07:31 am] Mitch K: watching
DDD for 2nd short opportunity, not yet, would
like over $58 first
[07:32 am] Mitch K:
sell signal on CL
[07:33 am] Mitch K: QCOR
lower low
[07:33 am] Mitch K: LULU
bouncing
[07:33 am] Mitch K: joey, the JWN
spike looks like what TIF did 15 min ago,
probably decent micro short, emphasis on
micro
[07:34 am] Mitch K: still keep
watching QCOR though, still good
[07:35
am] Mitch K: same pattern with VMW, had lower
low but eventually will give good solid
bottoms. you have to be nimble when
trying to find reversal on bottom
[07:40
am] Ed : SPY pulling back
[07:45 am] Mitch
K: DECK bounce failed, still worth watching
for good bounce though
[07:49 am] Mitch K:
COG trying to bototm
[07:50 am] Mitch K:
just observing, too late for any
trade
[07:50 am] Mitch K: JWN exact repeat
of TIF
[07:51 am] Mitch K: consider
covering any CL short you might
have
[08:05 am] Mitch K: CL
downtrending
[08:05 am] Mitch K: these
retailers dumping, watching JWN again for
bottom
[08:05 am] Mitch K: watching TGT
drop
[08:06 am] Mitch K: looking for small
bounce in CL which probably should be used to
open a short at that top of small bounce, at
least worth practicing in simulator
[08:07
am] Mitch K: getting another sell signal in
CL, no bounce
[08:08 am] Mitch K: CL worth
watching here, pretty big drop
happening
[08:09 am] Mitch K: going to get
a tradable bounce in CL
[08:09 am] Mitch
K: yet mild drop on SPY
[08:11 am] Mitch
K: good one taco
[08:29 am] Ed : getting
bounce in SPY
[08:36 am] Mitch K: watching
LPX for bottom
[08:40 am] Mitch K: within
2-3 candles
[08:40 am] Mitch K: should get
a small quick bounce in CL taco
[08:44 am]
Ed : nice trend down in SPY
[08:57 am] Ed
: SPY new lod
[09:07 am] Mitch K: can I
ask you guys a few quick questions on a poll
right now?
[09:13 am] Mitch K:
thanks
[09:17 am] Mitch K: we have an
older list now, i have not updated
[09:17
am] Mitch K: hey taco, is this list jason is
talking about for Ninja? I could upload
it to the documents folder here in the
Trading Room
[09:35 am] Mitch K: yes i do
Lisa, let me look for it, i might have to
update it a little bit
[09:36 am] Mitch K:
awh shoot, i missed that bottom
[09:36 am]
Mitch K: was only looking for 7-10
ticks
[09:36 am] Mitch K: little busy
right now with CL, looking for a
bounce
[09:37 am] Mitch K: still working
this downtrend in CL on the short side,
shorting tops and not going long until the
last two cycles
[09:38 am] Mitch K: did
you guys see CL trade on Monday? thats
about as good of trading as it gets.
Lightning thrives on days like that, worth
your time to review CL 02-13 Crude oil chart
on Monday, look at that cycling both
directions up and down
[09:40 am] Mitch K:
i have not traded corn, how many ticks is
that from $700.00 to $688.75, about 50 ticks
on this downtrend in last 70
minutes?
[09:41 am] Mitch K: so thats
about $600 profit on a short per contract
then?
[09:43 am] Mitch K: ok, i will start
watching it
[09:43 am] Mitch K: thats
1030am eastern time?
[09:47 am] Mitch K:
the testing of Lightning version 2 is going
very well, thrilled actually
[09:49 am]
Mitch K: it helps stocks but ginormous
benefit for futures and forex.
[09:53 am]
Mitch K: yes khall, that is why i asked in a
poll what everyone’s habits are at the
moment. i am overwhelmed with joy about
results. i was so caught up with the
testing on Monday after market that I forgot
it was our 24th anniversary Monday
night.
[09:54 am] Mitch K: trend change
with CL when you see this 2nd bounce higher
than first
[09:55 am] Mitch K: CL toppy
now
[09:59 am] Ed : getting breaklut in
WHR
[10:30 am] Ed : how you all do on HLF
swing trade
[11:00 am] Ed : nice one on
ELLI murano
[11:21 am] Ed : SPY bouncing
after trading near lows for most of
afternoon
[11:46 am] Ed : SPY been trading
in very tight range last few hours
[11:57
am] Ed : thats on QCOR
[11:57 am] Ed :
Hearing recent weakness attributed to
circulation of medical bulletin requiring
additional approvals before use of
Acthar
[11:59 am] Ed : thx joey, nice
call
[12:00 pm] Ed : gewtting bounce in
SPY
[12:03 pm] Mitch K: good one on QCOR
joey
[12:19 pm] Mitch K: what is spike for
on SPY?
[12:55 pm] Ed : spy new
hod
[01:01 pm] Ed : have a nice evening
traders.
[01:11 pm] Mitch K: later guys,
happy new year
| [06:14 am] shark : gm all
[06:14 am]
khall : good morning!
[06:14 am]
shark : if you have some AAPL calls
swing, should be sitting happy
[06:14 am]
lisas : gm all, welcome back
khall
[06:14 am] shark : up $17
-AAPL pre
[06:15 am] skydiver : gm
all
[06:17 am] qwert : Good morning
to everybody
[06:17 am] scalpman :
gm all
[06:17 am] khall : thanks
lisa!
[06:18 am] cowboyh : gm
everyone
[06:18 am] taco : gm
all
[06:21 am] reshef :
G.morning
[06:22 am] victor51 : gm
all
[06:23 am] elisha : Good Morning
Ed and everyone
[06:25 am] apple :
good morning to all refreshed
traders
[06:25 am] apple : gm
elisha
[06:25 am] apple : gm
victor
[06:25 am] apple : gm
reshef
[06:25 am] apple : gm
taco
[06:25 am] apple : gm
cowboy
[06:25 am] taco : hi
apple
[06:25 am] apple : gm khall –
we missed you
[06:25 am] joeytsa :
Good morning Ed, everyone
[06:25 am]
apple : gm scalp
[06:25 am]
elisha : gm refreshing apple
[06:25
am] apple : gm qwert
[06:25 am]
joeytsa : only watching the gap ups
today…
[06:25 am] apple : gm
joey
[06:25 am] apple : gm
sky
[06:25 am] apple : gm
shark
[06:25 am] joeytsa :
AAPL,AMZN,BICU,SINA,QCOM
[06:25 am]
apple : gm lisa
[06:26 am]
apple : thx joey
[06:26 am]
joeytsa : BIDU not BICU
[06:26 am]
shark : thx joey
[06:26 am]
skydiver : thanx joey and good morning
apple
[06:27 am] elisha : thx
joey
[06:27 am] qwert : thx joey for
the gaps
[06:27 am] apple : nice gap
in ES
[06:27 am] qwert : gm
apple
[06:27 am] apple : i hope
everybody had a fun new year’s
[06:27 am]
joeytsa : yeah aaple, some really nice
futures trades goign on
[06:28 am]
qwert : yeah NG really good
[06:28
am] joeytsa : AAPL going nuts
[06:28
am] apple : i hope this little trend
continues
[06:28 am] apple : it
looks like AAPL is back to normal
[06:28
am] joeytsa : yeah qwert
[06:28 am]
shark : 🙂
[06:29 am] reshef :
Some of you have connection
problems?
[06:29 am] mikewd2 -: AAPL on
fire
[06:29 am] apple : no
[06:29
am] apple : gm mike
[06:29 am]
apple : khall – how was your
vacation?
[06:29 am] taco : so far
its ok reshef
[06:29 am] shark :
AAPL up $21.61 now
[06:29 am] reshef
: apple, do you see the charts
[06:30 am]
skydiver : reshef – I’m having no
problems with connections and see charts
etc.
[06:30 am] khall : gm apple –
it was great! even with the rain
[06:30
am] apple : yes
[06:30 am]
reshef : Thanks
[06:30 am]
apple : glad to hear you had some
fun
[06:30 am] mikewd2 -: most oil
services up big
[06:31 am] shark :
watching DDD
[06:31 am] skydiver :
me too shark 🙂
[06:31 am] shark :
🙂
[06:31 am] mikewd2 -: SSYS
[06:32
am] elisha : reshef – I had to log out
and then in the room again
[06:32 am]
apple : gm E
[06:32 am] apple
: gm MK
[06:32 am] shark : watching
CMG
[06:32 am] shark : got over 300,
rd #
[06:32 am] joeytsa :
LVS
[06:33 am] shark : all out AAPL
calls
[06:33 am] joeytsa :
$$$
[06:33 am] mikewd2 -: wow – nice
shark
[06:33 am] shark : watching
HLF
[06:34 am] apple : i am still in
my AAPL 560 calls shark – up $3
[06:34 am]
shark : 😉
[06:34 am] shark :
are mitch or ed writing? not showing anything
up above
[06:34 am] apple : MK is
writing
[06:35 am] mikewd2 -:
CTRP
[06:35 am] joeytsa : eye on
MET
[06:35 am] apple : and my HLF 35
call is up $1.40
[06:35 am] khall :
YAY!
[06:35 am] mikewd2 -: down up 232 –
happy new year
[06:36 am] mikewd2 -: down
– dow
[06:36 am] apple : nice
moves!
[06:36 am] shark : thx apple,
I refreshed. that did it
[06:40 am]
mikewd2 -: watching FCX
[06:41 am]
shark : DOLE
[06:41 am]
joeytsa : nice little pullback on some
of the gappers
[06:44 am] joeytsa :
/ES testing R2 support
[06:46 am]
joeytsa : eye on KORS
[06:47 am]
joeytsa : both AMZN,AAPL at
lod
[06:47 am] shark : KORS 50 day
52.35
[06:48 am] skydiver : thnx
shark
[06:48 am] apple : GOOG had a
nice reversal after gap up, AMZN and AAPL as
well
[06:48 am] mikewd2 -: HLF
falling
[06:50 am] joeytsa : SGYP
moving on clinical trial, constipation
drug
[06:51 am] qwert : watching
EQT
[06:51 am] shark : DIA new
hod
[06:52 am] joeytsa : /ES testing
hod area
[06:54 am] shark : DOLE new
lod
[06:54 am] shark : vol pick
up
[06:56 am] joeytsa : watching the
1451-1453 range on /ES
[06:57 am]
lisas : anyone else having problems
with TS being slow today?
[06:57 am] Ed :
no here
[06:57 am] joeytsa : not
noticing anything lisa
[06:58 am]
lisas : I’ve been on hold 10 min, says
higher wait times than normal, rebooted,
restarted, etc several times
[06:58 am]
joeytsa : /GC at hod
[06:58 am]
joeytsa : coming into R2 res
area
[06:58 am] apple : all good
here lisa
[06:59 am] joeytsa : lisa:
i still havent updated though, maybe thats
the prob if you did??
[06:59 am]
lisas : well lucky me! glad you are all
ok
[06:59 am] lisas : could be
joey
[06:59 am] lisas : forgot how
to roll back, may look at that while on
hold
[06:59 am] joeytsa : someone
else had issues the other day i
think
[07:01 am] skydiver : Dole
being bought out by a Chineses company –
ITOCHU corp. – waiting for chinese
regulatory approval
[07:02 am] Ed : thx
sky
[07:02 am] skydiver :
🙂
[07:02 am] apple : thx sky good
to know
[07:02 am] shark : and so
they went down? Hmmm
[07:03 am]
shark : chinese $$ no goog?
[07:03
am] skydiver : yes – interesting
shark
[07:03 am] shark : goog =
good
[07:03 am] joeytsa : tight
ranges on /NG,GC,ES at the moment
[07:04
am] shark : AAPL new lod
[07:04 am]
joeytsa : nice call on MR
Mitch
[07:04 am] shark : you out
AAPL, apple?
[07:04 am] scalpman :
se;; 1/2 MR L
[07:05 am] shark :
NFLX new lod
[07:06 am] shark : I’m
seeing a lot of new lod’s
[07:07 am]
joeytsa : same here shark, all on lower
highs
[07:09 am] shark : LULU @
b/e
[07:11 am] shark : ELLI new
hod
[07:13 am] joeytsa : /CL in a
bit of range
[07:14 am] scalpman :
sell 1/4 MR L
[07:14 am] mikewd2 -: DECK
trying to bounce off 39.00
[07:15 am]
shark : watching LULU
[07:16 am]
joeytsa : here is a decent article when
you have time to read it..
[07:16 am]
scalpman : DEck still ‘below
water’
[07:16 am] joeytsa :
http://www.t3live.com/articles/market-analysi
s/3733-scott-redlers-predictions-for-2013-.ht
ml
[07:17 am] mikewd2 -: ELLI getting
toppy
[07:17 am] scalpman : All out
MR…
[07:17 am] skydiver : stopped
out of DECK long – will watch it again for
another try
[07:18 am] joeytsa :
watching VMW
[07:19 am] joeytsa :
that was a nice move on TIF last few
minutes
[07:19 am] lisas : ok, looks
like they fixed it. Cache folder got
corrupted. Told it’s a good idea to empty it
occasionally
[07:19 am] shark : nice
lisa 🙂
[07:19 am] joeytsa : good to
know lisa…now i just have to learn how to
do that 🙂
[07:20 am] mikewd2 -: watching
EMC
[07:20 am] apple : right
joey
[07:21 am] lisas : remind me,
I’ll post on FB
[07:21 am] joeytsa :
will do
[07:21 am] mikewd2 -: watching WYN
55.50
[07:22 am] apple : thx
lisa
[07:23 am] skydiver : thnx
Mitch
[07:23 am] joeytsa : thanks
Mitch, that deal will do absolutely nothing
to the problem
[07:24 am] joeytsa :
with a huge iceberg right in front of the
path
[07:24 am] taco : nice image
lol
[07:25 am] joeytsa : i can think
of about 550 people who need to be on that
boat when it sinks 🙂
[07:26 am]
joeytsa : haha
[07:26 am]
khall : not enough chewing gum in the
world to plug the hole in the boat
[07:27
am] shark : 😉
[07:27 am]
skydiver : hard to patch a hole that
has elephants falling thru it
[07:27 am]
joeytsa : and donkeys 🙂
[07:27 am]
skydiver : 🙂
[07:27 am]
joeytsa : nice bounce on DDD..good
call
[07:28 am] apple : first few
months of the year are always the best anyway
— get it while the going is good
[07:29
am] joeytsa : DECK still dancing on
$39
[07:30 am] khall : exactly
apple
[07:32 am] joeytsa : JWN
getting a bit of vol
[07:33 am]
joeytsa : thx Mitch
[07:33 am]
shark : LULU
[07:35 am] apple
: just noticed MA made a gigantic gap this
morning from 492 to a high of 508
[07:37
am] mikewd2 -: EMC breaking 25.00
[07:40
am] joeytsa : tighten VMW if
short
[07:42 am] taco : l EMC
24.76
[07:42 am] joeytsa : /ES
trying to hold R2
[07:43 am] mikewd2 -:
Oppenheimer now expects data-storage firm EMC
to report 4Q revenue below the low end of its
already-cautious forecast
[07:44 am]
joeytsa : break time, see you in
20
[07:44 am] joeytsa : eye on GMCR
though
[07:44 am] shark : ok
joey
[07:44 am] apple : have fun
joey
[07:45 am] mikewd2 -: EMC, VMW
buoncing
[07:46 am] qwert : Bye
everybody gonna take off early today and take
the kids Skiing cya in the am
[07:46 am]
mikewd2 -: i’m long EMC 24.75
[07:46 am]
taco : have fun qwert
[07:46 am]
Mitch K: later qwert, dont break any
legs
[07:46 am] shark : bye qwert
🙂
[07:46 am] Ed : c ya qwert
[07:46
am] apple : have a fun and safe
trip
[07:46 am] qwert : yeah its
been like 5 years for me so prayers are
needed lol
[07:47 am] shark :
hahaha
[07:47 am] shark : NFLX @
b/e
[07:47 am] apple : filled that
gap shark
[07:47 am] shark :
yeah
[07:47 am] go4it : me 2 Mike
24.80
[07:48 am] shark : you still
in AAPL call?
[07:48 am] apple :
no
[07:48 am] shark : nice $$,
kaching, apple
[07:48 am] Mitch K: skiing
accidents can be very serious, sonny bono,
Kennedy and Natash RIchardson
[07:49 am]
shark : good point, Mitch
[07:49 am]
apple : i get all my skiing done during
the winter olympics…
[07:49 am]
shark : via your HDTV, apple?
[07:50
am] apple : exactly
[07:50 am]
apple : lol
[07:50 am] shark :
lol
[07:53 am] mikewd2 -: watching WPI for
double bottom
[07:54 am] mikewd2 -: out
half EMC 24.97
[07:54 am] mikewd2 -: not
going too get too greedy on this
one
[07:55 am] taco : QCOR new
lod
[07:56 am] go4it : set stop at
b/e Mike
[07:56 am] mikewd2 -: yep,
done
[07:56 am] mikewd2 -: also will add
to position on retest of lod
[07:57 am]
mikewd2 -: missed entry on WPI
[07:57 am]
scalpman : Had DECK but stopped b.e.
these bounces don’t have much
today.
[07:58 am] shark : sell on
the news/open day
[07:59 am]
skydiver : well . . first time I miss
handled stocks for awhile . . I’m in the red
$3.80 – so at least kept my losses small —
see you all tomorrow 🙂
[07:59 am] mikewd2
-: QCOR L 26.55
[07:59 am] taco : c
ya sky
[07:59 am] mikewd2 -: stop
.47
[08:00 am] shark : bye
sky
[08:00 am] skydiver :
🙂
[08:00 am] mikewd2 -: dang only got 80
of 1k shares
[08:00 am] shark : LULU
new lod
[08:00 am] Ed : c ya sky and it
happens to best
[08:01 am] mikewd2 -: dang
WPI moving
[08:01 am] shark : yeah,
finally
[08:04 am] mikewd2 -: not much vol
in this WPI move
[08:10 am] mikewd2 -: SPY
at lod
[08:10 am] taco : l/CL sim
92.76
[08:11 am] taco : sim is
forgiving but thanks Mitch:)
[08:12 am]
joeytsa : taco: what timeframe are you
using on /CL ?
[08:12 am] taco :
1min
[08:12 am] joeytsa :
gotya
[08:12 am] taco : is there a
better view?
[08:13 am] joeytsa :
/CL has R2 res at 93.03
[08:13 am]
joeytsa : good question haha, im
using 4R
[08:13 am] Mitch K: took the
thoughts right out of my mind on CL joey, you
looking at my screens or something?
[08:14
am] joeytsa : im italian..i have eyes
everywhere haha
[08:14 am] joeytsa :
actually i think you had mentioned 4R a while
back..and i kept it
[08:14 am] Mitch K:
I’m Chinese and I can barely see anymore,
lol
[08:14 am] joeytsa :
haha
[08:15 am] joeytsa : /PL lower
lows past hour
[08:15 am] apple : u
guys too funny
[08:15 am] shark :
AAPL, LULU new lod
[08:15 am] shark
: CMG too
[08:17 am] joeytsa : taco:
are you looking for a set amount of ticks for
a target, or just going signal to
signal?
[08:18 am] taco : not
sure haha
[08:18 am] taco :
whats a good idea?
[08:18 am] shark
: LULU broke S1
[08:18 am] joeytsa :
/GC another one making lower highs
[08:19
am] joeytsa : i guess it depends on
your style?
[08:19 am] taco : never
had lightning with 4r setting either so not
sure to follow signals for that
[08:21 am]
taco : im still getting used to how
much margin and profit is associated with ea
instrumnt
[08:21 am] joeytsa : /CL
just made a higher low lightning buy signal,
but just under resistance
[08:21 am]
joeytsa : just got sell now
haha
[08:22 am] joeytsa : im
watching that R2 level for a long, loss of
92.80 for short, then 92.60
[08:23 am]
joeytsa : TIF getting a pop
[08:23
am] shark : nice observe,
joey
[08:23 am] khall : its’ been a
nice morning – going to take a break and walk
the dogs
[08:24 am] shark : c ya
khall
[08:24 am] joeytsa : bye
khall
[08:24 am] taco :
enjoy
[08:24 am] elisha : bye
khall
[08:26 am] shark : joey, how
was “les mis”?
[08:27 am] scalpman :
QCOR
[08:27 am] joeytsa : the movie
itself was
good..cinematography,acting
[08:27 am]
scalpman : gap up
[08:27 am]
joeytsa : didnt really care for a lot
of the singing
[08:27 am] scalpman :
SPY bouncing
[08:27 am] joeytsa :
some decent performances, some painful
haha
[08:28 am] shark : nice, ok
🙂
[08:28 am] joeytsa : if you have
a musical background..turn it off before you
go 🙂
[08:29 am] joeytsa : and it
was really long, but a good story
[08:30
am] taco : sold 2/3 /CL
[08:31 am]
joeytsa : nice taco, /PL made a nice
move also
[08:33 am] scalpman :
well, that’s the 4th failed bounce, but I was
at b.e.
[08:33 am] scalpman :
QCOR
[08:39 am] taco : closed CL
sim
[08:39 am] taco : no signal tho
on 2 min
[08:39 am] taco : are 4r
signals better for futures?
[08:40 am]
joeytsa : no clue really
[08:40 am]
taco : fun trade anyways
[08:41 am]
apple : AAPL hitting the skid
[08:42
am] reshef : FB
[08:44 am]
shark : shorts got a hold of it,
apple
[08:49 am] victor51 : Ed, OPEN
up 6%. You were looking on monday. Did you
get in Long?
[08:53 am] joeytsa :
yep. AAPL back to normal 🙂
[08:54 am]
apple : it is much more fun that
way!
[08:54 am] taco : anyone with
IB/Ninja, i went thru nasdaq ipo’s for 2012,
2011 and updated my stock list. if you want
it let me know
[08:55 am] apple :
victor, as soon as you mentioned OPEN – it
dropped!
[08:55 am] taco : has nyse
too
[08:55 am] Ed : did not get to play it
vic
[08:59 am] joeytsa : /PL on a
13pt down move
[09:00 am] shark :
AAPL rallied almost up to 50day
($559)
[09:05 am] joeytsa : shark:
when you get some time , read the article i
linked earlier
[09:07 am] joeytsa :
sure
[09:07 am] elisha :
sure
[09:14 am] shark : ok,
joey
[09:14 am] scalpman : Bye
all..only 2 for 5, small stops for b.e.
day.
[09:14 am] scalpman : See you
tomorrow.
[09:14 am] joeytsa : bye
scalp
[09:14 am] scalpman : Bye
joey.
[09:15 am] scalpman : Scalpman
has left the building!
[09:15 am] Mitch K:
later scalpman, get more rest, study
too
[09:16 am] jsn13 :
*Taco
[09:17 am] taco : sure, it’s
just the ipos to add to an existing list. fyi
is that an underscore after your
name?
[09:17 am] reshef :
CLR
[09:18 am] taco : yes Mitch,
it’s ipo’s for 2011 2012. i did NYSE and
NASDAQ not ASE or OTCCB
[09:22 am]
taco : sent it, think i got your email
right jsn
[09:22 am] taco : to you
too Mitch
[09:25 am] jsn13 : yup it
is….sorry was away just now…
[09:25
am] jsn13 : thanks alot
taco….
[09:25 am] taco : no prob,
tired of missing nice setups
sometimes:)
[09:30 am] joeytsa : see
you all for the last hour or so
[09:31 am]
apple : bye joey have fun
[09:31 am]
joeytsa : will try apple 🙂 gotta
get my csa crate
[09:32 am] lisas :
bye joey
[09:34 am] lisas : Mitch,
do you have a list of your favorite settings
for futures? ie tick/renko etc
[09:36 am]
lisas : that’s fine. when you get a
chance, want to focus on futures for a couple
weeks
[09:37 am] lisas : corn has
had a nice downtrend as well
[09:40 am]
mikewd2 -: thanks for CLR, got 60 cents on
the short
[09:40 am] lisas : $50 per
cent, 12.50 per tick
[09:42 am]
lisas : used to not open until 10:30
est, but ICE added it, so now trading
earlier, but volume comes in at 10:30, trend
from there is often pretty good
[09:43 am]
lisas : yes Mitch
[09:43 am]
lisas : so I often look to see if it
will breakout of first 10 min opening
range
[09:44 am] lisas : soy has
bigger moves, but of course you need wider
stops then. It also is not as
liquid
[09:45 am] lisas : Mitch,
what is the best email to contact
you?
[09:46 am] Mitch K:
[email protected] with my name
in subject line
[09:46 am] lisas :
ok, thanks
[09:49 am] khall : Are
the improvements in version 2 mostly
beneficial to futures?
[09:49 am]
khall : LOL read my mind
there
[09:51 am] Ed : From what I
understand khall yes and yes
[09:53 am]
khall : OOPS!
[09:54 am] taco
: uh oh
[09:58 am] apple : nice move
off bottom in AAPL
[10:00 am] go4it
: Mitch is that 24th anniversray for the
trading room?
[10:00 am] go4it :
whr
[10:00 am] apple : lol
go
[10:02 am] Ed : breaklut= little break
out
[10:03 am] apple : lol
[10:03
am] taco : making notes
[10:03 am]
Ed : this way dont have to correct my
typo
[10:11 am] go4it :
whr=wkb
[10:12 am] go4it : that’s
wrong keyboard
[10:13 am] Ed : i tried to
buy 10000 shares of WKB bruce
[10:13 am]
go4it : glad you didn’t Ed
[10:13
am] Ed : hmm, probably would have made a
coool mil
[10:14 am] go4it : no such
symbol lol
[10:14 am] Ed : lol
[10:19
am] taco : jobs #’s friday i think.
going to watch that /ES play joey
mentioned
[10:19 am] eyes : Hello
Everyone how was your new years
[10:19 am]
taco : very tame eyes, yours?
[10:20
am] victor51 : Hey Eyes,
[10:20 am]
khall : we actually managed to stay up
till midnight this year 😉
[10:20 am]
eyes : it was nice went to denver just
got back last night
[10:20 am] lisas
: Hi eyes!
[10:20 am] eyes : Hi
Lisa
[10:20 am] victor51 : Nice to
hear from you Eyes. Are you ready for
exciting 2013
[10:21 am] elisha :
hello eyes
[10:21 am] eyes : yup i
am ready to start a new year bright and early
tomorrow
[10:21 am] eyes : just
saying hi for now
[10:23 am] apple :
hey eyes, glad to see you are back
[10:24
am] eyes : thanks Apple
[10:24 am]
apple : we missed you!
[10:28 am]
eyes : i missed you all as well see you
all tomorrow
[10:28 am] apple : have
fun
[10:31 am] taco : really
good
[10:31 am] taco : i’m better at
swings than day trades for now
[10:32 am]
Ed : nice going taco
[10:37 am] taco
: i’ve learnt signals from daytrading tho n
thx Ed
[10:39 am] regatta : HLF
swing been berry berry good
[10:41 am]
go4it : is HLF swing trade over
Ed?
[10:41 am] apple : good for you
regatta. i am still in my call
option
[10:41 am] Ed : Im completely out
of it
[10:41 am] go4it : ok
thanx
[10:42 am] Ed : Key will be how it
closes, if closes at low will signal trend
change for now
[10:43 am] Ed : it is also
natural for pullback after nice move off lows
on daily
[10:43 am] go4it : Fly says
Ackerman is still affecting price
[10:44
am] elisha : Ed. is the breaking down
under the 50ma now on HLF very
significant?
[10:44 am] Ed : had 30% move
off bottom
[10:44 am] regatta : ed,
any thoughts on NUS swing
[10:45 am] Ed :
long/short regatta
[10:45 am]
regatta : went long from 33.47 some
time in last wk
[10:46 am] Ed : it has to
contend with lot more b4 that 50ma
elisha
[10:46 am] Ed : now if it traded or
trades up to it, one would want to see how it
reacts
[10:47 am] Ed : risk increased with
taking long up here on NUS regatta
[10:47
am] elisha : thanks Ed
[10:48 am] Ed
: but if u got it at 33.47 nice going, did u
bank some of that profit
[10:48 am]
regatta : was considering it today as
it looks like it may turn over
[10:49 am]
Ed : one thing for sure, if u take profit,
markets cant take it away from you
[10:49
am] regatta : agree
[10:50 am] Ed :
ur sitting on 10% right now
[10:50 am]
regatta : yep
[10:52 am]
murano : ELLI
[10:55 am] apple
: hey murano, how are you
[10:56 am]
murano : I am doing well
[10:56 am]
apple : glad to hear
[11:06 am]
apple : watching LULU
[11:10 am]
victor51 : Hi Murano. ELLI trying to
cross 50 mvaand Monday high.
[11:18 am]
taco : /CL moving up
[11:21 am]
joeytsa : URBN vol spike
[11:21 am]
joeytsa : not much of a price jump
though
[11:22 am] Ed : yep we got fooled
by scaling
[11:22 am] joeytsa :
about 50c it looks like
[11:22 am]
joeytsa : not touching it
though
[11:22 am] Ed : i was thinking it
was 2
[11:23 am] joeytsa : i hate
that charts re-scale
[11:24 am]
joeytsa : /GC has been decent
today
[11:27 am] joeytsa : lisa: are
you trading the /ZC for corn?
[11:28 am]
lisas : yes, it is zc
[11:28 am]
joeytsa : gotya, that is the emini
right, should also be a fullsize?
[11:28
am] lisas : that is full size
[11:29
am] lisas : I don’t know what mini is,
in TS it’s YC
[11:29 am] joeytsa :
oh ok..i’ve been thinking about getting into
options of commodities..just seem to run out
of time to put focus into it
[11:29 am]
lisas : volume very thin in
mini
[11:30 am] lisas : corn isn’t
as volatile as crude, and usually has
standard day trading margin
[11:30 am]
joeytsa : i never check vol on futures,
should probably add it or at least check the
daily
[11:30 am] joeytsa : i have
$500 margin for ZC
[11:31 am] lisas
: yep, that sounds right
[11:31 am]
joeytsa : /YC is the mini
corn
[11:31 am] lisas : pay
attention to the limit in ags
[11:32 am]
joeytsa : right, dont want to get
cuaght wrong side of lock-limit
[11:33 am]
joeytsa : thats why if i do some
commodity stuff if will be with options, not
talking about the day scalps
[11:34 am]
taco : i bracket ordered /Cl and it
worked:)
[11:34 am] joeytsa : nice
going
[11:34 am] lisas : As long as
you know what they are, day trades are good.
They widened limit on corn to 45 cents, only
hit a couple times this year.
[11:34 am]
lisas : on day of crop report
[11:34
am] joeytsa : especially if you had a
small profit target
[11:34 am]
joeytsa : thanks lisa
[11:35 am]
joeytsa : pulled out my trustly old
larry williams book the other day, so it got
me thinking 🙂
[11:36 am] lisas :
which book? Ags have some seasonal
trades
[11:37 am] joeytsa : Batting
.800, which came with videos, it was
basically an updated version of his “how I
made $1M” book from early 70’s
[11:37 am]
reshef : SKX
[11:38 am] lisas
: Haven’t read that, just have seen some of
his presentations. He’s on my “to read”
list
[11:38 am] joeytsa : another
old one i just re-read was called ” how to
build a fortune in commodities” by r.c.
allen
[11:39 am] joeytsa : the allen
book goes a bit more indepth on commodities
themselves, not sure if al the info still
applies
[11:40 am] joeytsa :
williams books mainly focus on COT report,
Open interest, and spreads
[11:40 am]
lisas : We should start a reading list
in the documents folder, maybe sort by
catagories.
[11:41 am] lisas : So
much to learn about trading, can keep you too
busy sometimes.
[11:41 am] joeytsa :
sounds good to me
[11:42 am] joeytsa
: most books seem to lean towards investing
more than daytrades/scalps
[11:43 am]
joeytsa : some books listed in the
facebook group
[11:43 am] lisas :
true, but there are a few good ones, more bad
ones. Some people are not on FB
though…:)
[11:44 am] joeytsa :
true
[11:46 am] joeytsa : /GC into
some res, just watching to see if it breaks
above or heads back down like it has
been
[11:46 am] apple : so has
AAPL
[11:47 am] apple : nice run on
/CL today
[11:48 am] joeytsa : /NG
also decent run
[11:52 am] lisas :
taking off, have a great day all
[11:53
am] joeytsa : enjoy lisa lisa
[11:53
am] taco : c ya lisa
[11:53 am]
joeytsa : taco: added you to the fb
group
[11:53 am] Ed : c ya lisa
[11:53
am] apple : bye lisa, have
fun
[11:54 am] joeytsa : QCOR vol
spiek down
[11:55 am] elisha : bye
lisas
[11:55 am] bebaravich : I’m
interested to view some of the books
listed. Can I have the name of the FB
group?
[11:56 am] apple : have to
pick up robert, back in a bit
[11:56 am]
joeytsa : bebaravich : what is your fb
name so i can find you/add etc
[11:57 am]
bebaravich : Trisha Beechler
[11:57
am] joeytsa : from michigan?
[11:57
am] bebaravich : yes
[11:57 am]
khall : bye lisa
[11:58 am]
joeytsa : just sent you friend
request
[11:58 am] khall : I think
I’m out for the day as well – thanks
everyone!
[11:58 am] joeytsa : bye
khall, enjoy the day
[11:58 am]
bebaravich : thanks
[11:59 am]
taco : thanks Ed, which news feed do
you use?
[11:59 am] joeytsa : added
you
[11:59 am] joeytsa : just for
you Ed 🙂
[12:00 pm] Ed : global
equity news
[12:00 pm] elisha : bye
khall
[12:02 pm] joeytsa : when
SPY,/ES bounce..usually the /YM,/TF do
also
[12:03 pm] joeytsa : had to
throw Ed a bone for the new year 🙂
[12:08
pm] taco : i put global equity news in
goole and don’t see a news feed. is that its
name Ed?
[12:10 pm] Ed : thats what i see
on my feed
[12:11 pm] taco : is
there a link to the website?
[12:13 pm] Ed
: bloomberg
[12:13 pm] taco :
thx
[12:13 pm] Ed : the one for
traders
[12:13 pm] Ed : may be tad steep,
so others to try equityfeed.com
[12:14 pm]
Ed : not sure but for some $350 per month may
be steep
[12:15 pm] Ed : i had to upgrade
cuz i just did not like
flyonthewall
[12:15 pm] taco :
that’s what i have currently
[12:16 pm] Ed
: dont get me wrong it great news source, but
it was time for me to move on
[12:16 pm]
joeytsa : not sure how accurate/timely
the news feed is at madscan, but they
offer news from a variety of
sources
[12:17 pm] Ed : yea thing is taco,
u may try a few before u get one u like,
without having to spend hundreds
[12:17
pm] taco : no doubt
[12:18 pm] Ed :
like on trial, most offer trials for 2 weeks,
and surely it should pay for itself within
that time
[12:18 pm] Ed : the other is if
u dont grow to it, not handling the news
given can be hurtful also
[12:19 pm] Ed :
like if I used this feed say 3 years ago, I
would have lost money sooner
[12:19 pm]
joeytsa : its helps if you get the news
before the move
[12:20 pm] Ed : but if u
dont have discipline it does u know
good
[12:20 pm] Ed : alot of talk on debt
ceiling and the US credit rating
[12:20
pm] elisha : Ed, if you trade price
action and volume how important is a
newsfeed?
[12:21 pm] Ed : like joey said
helps u get wide spread news before the mass
move
[12:22 pm] elisha :
ok
[12:22 pm] elisha :
thanks
[12:22 pm] Ed : but good think
about good scanner is it will pick it up
also
[12:24 pm] joeytsa : i have a
scan on madscan that picks up price spikes on
news, but i dont get the news itself since i
never signed up for it..but its there if you
want it
[12:24 pm] joeytsa : i
believe it tells the news source, type of
news and time news hit, but dont fully
remember
[12:24 pm] Ed : this is one of
good things about the room also
[12:24 pm]
joeytsa : agreed
[12:24 pm]
elisha : thanks joey
[12:25 pm]
joeytsa : elisha: right now i have 6
scans up..i use 1 mainly, but if i see the
same symbol hit 2 or 3..then i get very
interested
[12:25 pm] Ed : we have folks
with all types of scans, news feeds, that
give great input and thats big help for
traders
[12:26 pm] joeytsa : right
Ed, its like having dozens of sets of
eyes
[12:26 pm] elisha : whats the
symbol for visine?
[12:27 pm] Ed : taco
trade the news is another i use
[12:28 pm]
regatta : elisha, try EYE 🙂
[12:28
pm] joeytsa : technically it is
JNJ 🙂
[12:28 pm] taco : cool
thanks ed
[12:28 pm] elisha :
”)
[12:28 pm] Ed : another great source
and is usaully 350 and up
[12:29 pm]
joeytsa : my prob with news sometimes
is that by the time i read the story, stock
move is over haha
[12:29 pm] Ed :
lol
[12:29 pm] Ed : true joey
[12:29
pm] joeytsa : thats actually what got
me into pre-market gaps
[12:29 pm]
joeytsa : didnt have to read news, gap
told me where $ was going in/out
[12:30
pm] Ed : right like today
[12:30 pm]
joeytsa : but it does help to at least
get a quick headline on gaps
[12:31 pm]
joeytsa : like FSLR last jan/feb on
earnings
[12:31 pm] joeytsa : gapped
down on good earnings, made no sense, but
made a great long that day
[12:32 pm]
joeytsa : got 17 or 18pts on that trade
in about an hour or so
[12:33 pm]
joeytsa : /ES range 1449-1451
[12:33
pm] joeytsa : break below 1449 should
get at least 1pt maybe more if it loses R2
support
[12:34 pm] joeytsa : break
higher at least the same?
[12:41 pm]
taco : nice
[12:43 pm] joeytsa
: /YM made a nice quick one on that higher
low
[12:44 pm] joeytsa : lightning
signal on /YM was as 13277
[12:48 pm]
apple : back
[12:49 pm]
joeytsa : DDS losing $81, getting late,
will keep eye on this level
tomorrow
[12:53 pm] joeytsa : nice
jump on /ES
[12:55 pm] joeytsa : i
like those easy ones, most arent
[12:55
pm] joeytsa : Thanks Mitch,Ed,
everyone…have a great day, see you all
tomorrow
[12:56 pm] taco : c ya
joey
[12:56 pm] apple : bye joey
have fun
[12:56 pm] joeytsa : taco:
did you get that /ES trade?
[12:57 pm]
taco : no watching tho
[12:57 pm]
taco : i like seeing the new
approach
[12:57 pm] taco : for
me
[12:57 pm] elisha : bye
joey
[12:58 pm] joeytsa : its just
something i look at when trading in a tight
range
[01:00 pm] apple : thx MK, E
and everyone. all have a wonderful
evening
[01:00 pm] taco : s/ES 1457
sim
[01:00 pm] elisha : GN everyone
and thanks
[01:02 pm] taco : thanks
Mitch, Ed and everyone see you
tomorrow
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