[06:12 am] Ed : good morning
[06:32 am] Mitch K: watching ABT for bottom
but started bouncing already; little late
[06:32 am] Mitch K: watching FAST for
bottom
[06:33 am] Mitch K: watching MSM for bottom
to buy
[06:33 am] Mitch K: watching PLT for short,
prefer 29.60 area
[06:33 am] Mitch K: watching AIT for bottom
to buy
[06:34 am] Mitch K: more downside in UNFI,
prefer rebound first before short
[06:34 am] Mitch K: watching FDO for bottom
to buy
[06:34 am] Mitch K: watching HAIN for bottom
to buy
[06:35 am] Mitch K: monitoring KMP for top to
short,
[06:35 am] Mitch K: watching CACI for top to
short
[06:36 am] Mitch K: watching UBNT for bottom
to buy
[06:36 am] Mitch K: take time in WPRT
[06:36 am] Mitch K: watchign WPRT for top to
short
[06:37 am] Mitch K: watchign RRC for top to
short
[06:37 am] Mitch K: watching ICE for top to
short
[06:37 am] Mitch K: monitoring DMND
[06:37 am] Mitch K: watching AIT closer
[06:38 am] Mitch K: watching SIX for top to
shorrt
[06:39 am] Mitch K: watching CACI for top
closer
[06:39 am] Mitch K: watching GPC for bottom
to buy
[06:40 am] Mitch K: watching PLT closer for
short
[06:40 am] Mitch K: watching AKAM for bottom
to buy
[06:40 am] Mitch K: watching TSCO for short
soon
[06:41 am] Mitch K: consider selling most of
HAIN long
[06:41 am] Mitch K: watching BDC for top to
short
[06:41 am] Mitch K: watching MSM for bounce
soon
[06:42 am] Mitch K: watching GMCR for bottom
to buy
[06:42 am] Mitch K: watching SHFL for bottom
to buy
[06:43 am] Mitch K: watching SHFL closer
[06:43 am] Mitch K: watching DG for top to
short
[06:43 am] Mitch K: watching KMP closer for
top to short
[06:44 am] Mitch K: for bounce
[06:44 am] Mitch K: watch GMCR closerly
[06:44 am] Mitch K: still monitoring DMND
[06:46 am] Mitch K: BDC turning over
[06:46 am] Mitch K: looking for 46.80 area on
DG short
[06:47 am] Mitch K: consider reducing MSM
long
[06:49 am] Mitch K: looking for 86.10 area on
TSCO short; be flexible
[06:50 am] Mitch K: watchign FLS for top to
short
[06:51 am] Mitch K: get ready to cover DG
soon
[06:51 am] Mitch K: FLS not great idea
[06:51 am] Mitch K: SHFL trying to bounce
[06:51 am] Mitch K: KMP toppy,
[06:52 am] Mitch K: should be out of MSM
long
[06:52 am] Mitch K: consider selling most of
AKAM
[06:53 am] Mitch K: Homebuilders running up:
DHI, TOL, PHM, KBH,
[06:53 am] Ed : getting pullback in SPY
[06:54 am] Mitch K: Looking for $86 area on
TSCO short; be flexible
[06:54 am] Mitch K: WATCHING ufs FOR TOP TO
SHORT
[06:56 am] Mitch K: SHFL is what i call a
trade failure, bouncing at first and turning
over quickly; you want to stop for sure if
makes new lows from the bottom you first
bought it
[07:00 am] Mitch K: watching homebuilders
closer, DHI
[07:01 am] Mitch K: watching NAV for top to
short
[07:05 am] Mitch K: watching WPRT for top
again
[07:08 am] Mitch K: looking for 22.50 area on
GMCR long
[07:12 am] Mitch K: 2nd helping short on
TSCO
[07:12 am] Mitch K: AIT weak, consider
selling
[07:13 am] Mitch K: WPRT toppy
[07:14 am] Mitch K: no chart would come up
[07:14 am] Ed : monitoring UNFI for bounce be
patient
[07:14 am] Mitch K: still watching SIX, but
accidentally keep typing in SEX, oh man
[07:15 am] Mitch K: watching TOL for top,
another homebuilder
[07:15 am] Mitch K: DHI toppy
[07:16 am] Ed : if u took UNFI long would
reduce
[07:18 am] Ed : reduce more UNFI long
[07:21 am] Mitch K: looking for over 22.50 on
GMCR
[07:21 am] Mitch K: looking for under 26 on
WPRT short
[07:25 am] Mitch K: SP 500 index high of
day
[07:26 am] Mitch K: shorts may not do as well
now
[07:32 am] Mitch K: watching OVTI for top
[07:48 am] Mitch K: watching ETN for bottom
to buy
[07:49 am] Mitch K: you should be out of GMCR
by now, went over 22.60
[07:56 am] Mitch K: new lows on indexes
[07:58 am] Mitch K: dont see it posted
though
[07:58 am] Mitch K: not sure if i posted
TIBX, same story that i miss some but they
are on my charts, target around 26
[08:02 am] Mitch K: consider covering TSCO
short
[08:03 am] Mitch K: if you took MSM long on
last bottom, consider reducing some
[08:04 am] Mitch K: i better get more GInko
Biloba
[08:04 am] Mitch K: strange; ive been looking
at A, AIG, NSM charts but i dont seei posted
those as shorts,
[08:08 am] Mitch K: looking for 39.25 area on
ETN long; be flex
[08:11 am] Ed : mice bounce in SPY
[08:16 am] Mitch K: watching AIG for top to
short, 2nd helping
[08:16 am] Mitch K: also watching OVTI for
higher prices, potential short
[08:16 am] Mitch K: watching TIBX for 2nd
helping short, missed first one
[08:17 am] Mitch K: Id watch WPRT for another
short helping
[08:17 am] Mitch K: this rebound we are
having giving us more helpings short on many
stocks
[08:17 am] Mitch K: watching TSCO for 3rd
helping short;
[08:35 am] Mitch K: SIX is coming down, i
said SIX, as in SIX Flags
[08:36 am] Mitch K: monitoring WYNN
[08:41 am] Ed : selling in SPY
[09:19 am] Mitch K: cosider covering GMCR if
2nd short
[09:19 am] Mitch K: watching ETN for 2nd
helping hsort
[09:20 am] Mitch K: consider covering 2nd
helping AIG short
[09:29 am] Mitch K: FB 26.25 now
[09:34 am] Ed : getting some buying in
markets
[09:39 am] Mitch K: im looking for crumbs
with AIG
[09:39 am] Mitch K: watching AIG for another
small short
[09:43 am] Mitch K: looking for 1%
[09:43 am] Mitch K: RDC could be another
small profit short
[09:50 am] Ed : getting pullback in SPY
[10:31 am] Ed : monitoring ZUMZ for potential
short would like move to 36.30ish area or
36.60ish area
[10:32 am] Ed : would like push into those
areas with vol.
[10:46 am] Ed : SPY trading at resistance
[10:48 am] Ed : wathcing PPO for potential
short thx gutto
[10:51 am] Ed : if u took PPO short would
reduce
[10:54 am] Ed : would trail if u have any
portion left of PPO short
[10:54 am] Ed : reduce more PPO short
[11:00 am] Mitch K: good job on PPO guys.
dont forget to watch it if it goes back up to
short again, prob 35.60 is right area
[11:34 am] Mitch K: PPO didnt hit that 35.60
but still saw a little rebound to fill better
price
[11:38 am] Ed : if u took CNQR short would
cover
[11:53 am] Mitch K: that JCP looks good eddy,
should bounce
[11:53 am] Mitch K: PPO bouncing, could hit
35.15 area
[11:54 am] Ed : SPY trading along trendline
support
[11:56 am] Ed : missed bounce in SYNC
[12:00 pm] Ed : no play right now on WFM,
looking for retest of hod for potential
short
[12:01 pm] Ed : SPY trading near hod
[12:02 pm] Ed : got breakout in SPY
[12:06 pm] Mitch K: watching GMCR for short;
still trading for crumbs
[12:26 pm] Mitch K: too late for GMCR short
idea,
[12:26 pm] Mitch K: no sell signal yet on
JCP
[12:26 pm] Mitch K: good job on JCP guys,
[12:28 pm] Mitch K: got a poll i want you
guys to answer
[12:33 pm] Mitch K: first sell signal on
JCP
[12:36 pm] Ed : SPY still trading along
trendline support
[12:41 pm] Ed : SPY new hod
[12:42 pm] Ed : on poll question
[12:42 pm] Ed : did eeveryone vote
[12:43 pm] Mitch K: still testing, modifying
system, making tweaks. Works very well so
far.
[12:45 pm] Mitch K: we also make money on the
bounce as well but you know those handful of
big movers that keep on pumping out ideas all
day? well, those will be really easy to pick
off repeated trades throughout the day.
[12:45 pm] Mitch K: i was mentioning this to
a couple guys after market one day last week
that i think what this will do is give us a
new technique to short those early dumpers
and get a very precise signal when to get
out. You already know how much lower they
tend to go and we can make money on that new
technique on the short side, not just waiting
for a bounce.
[12:46 pm] Mitch K: you can have maybe 4-5 of
those hot movers on charts and just hear and
see an audio and visual symbol
[12:46 pm] Mitch K: so what that does is
makes your workload to track a lot of stocks
much easier and more accurate without much
interpretation, but just a quick glance and
you know what to do
[12:48 pm] Mitch K: since the nature of day
trading stocks is the first hour is critical,
you can track many stocks, personally think
most of us can track 12 stocks on 4 screens
and manage those signals on a separate hard
wired laptop. Make sure you have the highest
internet speed available in your area,
hard-wired, not wireless
[12:49 pm] Mitch K: im trading with it
everyday jsn13. It is so fun, it should be
illegal
[12:49 pm] Mitch K: so we lower the
difficulty of interpreting what to do, lower
the stress and emotions and you just follow
procedures. I think it also will help some
of you guys who have the greed gland problem
of getting too big
[12:50 pm] Mitch K: i think it will calm the
emotions down a lot, and honestly, you will
learn a lot about trading
[12:52 pm] Mitch K: this is no guarantee of
course but my guess is your profitability
will probably double after you become
proficient. thats strong hunch.
[12:54 pm] Mitch K: it will mess you up
though
[12:54 pm] Mitch K: want to take a peak
now?
[12:54 pm] Mitch K: not sure on the cost jsn,
just focusing on perfecting it.
[12:57 pm] Mitch K: ok this is just the last
90 minutes in oil futures
[12:58 pm] Mitch K: ok so let me show you how
much money is involved with the last 4
signals
[12:58 pm] Mitch K: but looks same with
stocks. Stocks tend to have a smoother look
than oil
[12:59 pm] Mitch K: see that blue circle?
the corresponding buy signal was about
here
[01:00 pm] Mitch K: using only 1 contract,
which requires 3,000 in your account
[01:00 pm] Mitch K: so we are up to 480 bucks
in 30 minutes,
[01:00 pm] Mitch K: 30 ticks = $300 profit
onthe short side
[01:00 pm] Mitch K: thats about 18 ticks net
profit. which equals $180 profit using a
$3,000 required amount of money in your
account
[01:01 pm] Mitch K: ok third trade is
what?
[01:01 pm] Mitch K: yes, can use this with ES
no problem. ES is easier to work with than
oil, lower volatility, lower profit
potential
[01:02 pm] Mitch K: 3rd trade is 15 ticks =
another $150
[01:03 pm] Mitch K: i’ll explain all that but
we are changing those numbers. ignore that
for now, just focus on the timing of that
signal, which bar, i mean which candle
[01:03 pm] Mitch K: amount of money required
for account, i think you should allocate at
least $15,000
[01:03 pm] Mitch K: 4th trade is another 16
ticks. so how much are we up to in total
potential profit? 480 + 150+ 160 = 790 or 79
ticks in 45 minutes
[01:04 pm] Mitch K: it is programmed for
NInja, which you can trade in your TS account
but use the system in Ninja Trader
[01:05 pm] Mitch K: and since we are busy
doing other stuff, looking at other charts,
we get an audio alert because it is hard to
stare at 12 charts at the same time
[01:05 pm] Mitch K: you guys like this so
far?
[01:05 pm] Mitch K: you can use any broker,
and use this platform too
[01:06 pm] Mitch K: anyone who is doing well
now, disciplined, proficient at what they do
is going to do extremely well with this
[01:06 pm] Mitch K: the way i look at this,
hopefully not offending anyone but here is
how i see this:
[01:07 pm] Mitch K: it takes the guys who
have struggled into profitability.
[01:07 pm] Mitch K: whoever was marginally
profitable, or even losing a little most days
will probably become profitable.
[01:08 pm] Mitch K: again, same thing is
required, discipline, emotional control but i
am going to be really excited to see how this
helps people
[01:10 pm] Mitch K: it doesnt matter what
strategy you use but it was designed after
the strategy that I view as being the best
one. No ego in this statement but using this
system, you wont want to try many other
techniques
[01:11 pm] Mitch K: right jsn, slow
days……. this still will keep pumping out
money without exhausting you
[01:11 pm] Mitch K: you will make the MOST
money using the reversal strategy
[01:12 pm] Mitch K: is garyb online still?
[01:13 pm] Mitch K: for sure victor, i
totally believe it, no question in my mind
[01:13 pm] Mitch K: see you guys tomorrow, i
got to go
[01:14 pm] Mitch K: remember that my motive
is to create tools, strategies, or anything
to help us make more money easier
[01:15 pm] Mitch K: drawdown means the loss
you incur during an open position before the
stock goes your way
[01:15 pm] Mitch K: exactly jsn, stops dont
have to be big at all because by waiting for
a signal, the odds are very high that it will
go in the direction we want without taking
much of a drawdown
[01:16 pm] Mitch K: the drawdown is so low, i
dont even want to say it because, well you
will think im b’sing you but just leave it as
it is very very low drawdown
[01:17 pm] Mitch K: i dont want to say the
number jsn but just say it is very very
efficient. i feel honored that i developed
this, overwhelmed actually
[01:19 pm] Mitch K: yeah murano, will do,
going to be a few more weeks, more
tweaking
[01:20 pm] Mitch K: by the way, someone asked
about JCP and it gave a short signal at
11:14am pacific time at 24.81, buy signal to
cover at 1200 noon at 24.05
[01:21 pm] Mitch K: scanner project long ways
off, thats next project, that will take
months
[01:21 pm] Mitch K: long signal came at 12:09
at 23.95 sell signal at 24.36 at 1233pm
[01:23 pm] Mitch K: let me just say it is
going to be a huge improvement over every
person who uses this correctly whether at
expert level or fairly new
[01:23 pm] Mitch K: ok shark, what happens
sometimes is we get a closing transaction
before a new opening position signal? make
sense? it is not always the same closing
signal as the next opening signal
[01:24 pm] Mitch K: going to be a 3-4 more
weeks garyb, but we are literally working on
this 6-7 days a week, into the late nights
[01:24 pm] Mitch K: i got to go now, bye, see
you tomorrow
|
[05:54 am] mikewd2 -: good morning traders
[05:54 am] doji : Hi Mike, good morning
[05:58 am] joeytsa : Good morning Ed,
everyone
[06:00 am] qwert : Good morning to
everybody! 🙂
[06:00 am] doji : Hi Joey
[06:02 am] qwert : hi doji,joey,mike
[06:04 am] joeytsa : early gap up:
WPRT,UNFI,AMLN?
[06:04 am] joeytsa : early gap down:
DG,AKAM
[06:04 am] joeytsa : crude above $84, ISM
non-manufacturing pmi @ 7pst
[06:05 am] qwert : thx joey
[06:05 am] joeytsa : canadien building
permits were a huge miss…
[06:05 am] joeytsa : -5.2% with -.3%
forecast, + 4.9% last
[06:08 am] mikewd2 -: hi doji, qwert
[06:08 am] khall : morning all
[06:11 am] parachute : Good Morning all
[06:12 am] eddy : Good morning all
[06:14 am] doji : Hi Ed
[06:15 am] mikewd2 -: so starbucks buys a
bakery
[06:15 am] Ed : doji doji
[06:15 am] Ed : hey totora u get things work
out
[06:16 am] mikewd2 -: iphone 5 launch in
October
[06:17 am] joeytsa : any word on apple tv
yet mike?
[06:18 am] joeytsa : 2013..cramer just said
it haha
[06:22 am] victor51 : Good morning all.
[06:23 am] joeytsa : banking officials in
spain are warning of catastrophe as its
institutions are being shunned from credit
markets
[06:24 am] joeytsa : Good morning Mitch
[06:24 am] doji : Market is neutral at this
point
[06:25 am] khall : Spain is going to be an
issue
[06:25 am] joeytsa : ES in3pt range past
hour, 1268 overnight low,1275 overnight
hi..1272 now
[06:27 am] skydiver : gm Mitch, Ed, and
everyone
[06:27 am] qwert : gm sky
[06:27 am] skydiver : hey qwert
[06:28 am] mikewd2 -: watching FIO
[06:28 am] joeytsa : CRM had a nice spike
too
[06:29 am] doji : Time to rock!
[06:30 am] joeytsa : love when cnbc opens
with Queensryche
[06:30 am] mikewd2 -: fall AKAM fall
[06:30 am] joeytsa : UNFI
[06:31 am] skydiver : out 1/2 DG L
[06:32 am] skydiver : all out of DG L
[06:32 am] doji : LEN moving
[06:33 am] skydiver : JOY moving ujp
[06:34 am] joeytsa : GS having troubles with
$92 right now
[06:35 am] mikewd2 -: covered second short on
AKAM
[06:35 am] skydiver : SPY moving up
[06:35 am] mikewd2 -: two quickies
[06:35 am] mikewd2 -: KMP selling secondary
shares
[06:36 am] skydiver : thnx mike
[06:36 am] skydiver : all out of JOY L
[06:36 am] mikewd2 -: WPRT developing nat gas
technology with CAT
[06:37 am] joeytsa : WPRT in deals with a
few companies
[06:37 am] mikewd2 -: GMCR
[06:40 am] mikewd2 -: stopped on GMCR L
[06:44 am] joeytsa : MNST testing res
again
[06:45 am] shark : 🙂
[06:45 am] joeytsa : push thru here, should
get it to $74
[06:45 am] joeytsa : just no momentum right
now
[06:46 am] joeytsa : ES trying to get thru
1277 again
[06:46 am] shark : holding 10day ma -MNST
[06:46 am] mikewd2 -: GMCR L 21.80 with stop
slightly below lod
[06:46 am] joeytsa : there it goes 🙂
[06:47 am] shark : CRM quick pop
[06:47 am] doji : GMCR previous low 21.77
[06:47 am] joeytsa : WPRT testing hod
area
[06:47 am] doji : SHLD lost 200dMA
[06:48 am] shark : SPY new hod
[06:50 am] joeytsa : tighten stop if long
WPRT
[06:51 am] joeytsa : AMZN lower high,
testing lows now
[06:52 am] go4it : SHFL L 12.83
[06:52 am] doji : SFHL
[06:52 am] doji : SHFL
[06:53 am] joeytsa : GS showing neg div
also..just watching
[06:54 am] doji : Didn’t realize WPRT is 16%
up
[06:54 am] mikewd2 -: WPRT moving again
[06:54 am] mikewd2 -: yeah the development
with CAT moving the stock
[06:54 am] joeytsa : its nice
[06:54 am] mikewd2 -: had an alert on new hod
and forget to enable it
[06:54 am] mikewd2 -: haha
[06:55 am] joeytsa : haha
[06:55 am] joeytsa : tighten stop on CRM if
long
[06:56 am] skydiver : thnx joey
[06:57 am] joeytsa : still mihgt run
though
[06:57 am] skydiver : yeah – watching it
along with LEN and LNKD
[06:57 am] khall : I’d like a nice run –
then a nice short
[06:58 am] go4it : out 1/2 shfl
[06:58 am] joeytsa : CRM ran $3..i didnt get
all of it though
[06:58 am] shark : CRM res at R1 here
[06:58 am] skydiver : me neither, but got a
bite
[06:58 am] mikewd2 -: doji: LEN doing
nicely
[06:59 am] joeytsa : nice chart on LEN
[06:59 am] joeytsa : LNKD testing prev hi
again
[07:00 am] joeytsa : JOY looking strong so
far
[07:00 am] skydiver : yeah joey – I got out
too early, but jumped back in —
[07:00 am] skydiver : on JOY
[07:00 am] mikewd2 -: ISM better than
expected 53.7
[07:00 am] doji : Wow, SPY moving, news?
[07:00 am] skydiver : CRM climbing
[07:00 am] doji : That should help today
[07:01 am] joeytsa : nice rally…PMI #’s
maybe
[07:01 am] doji : hahah zero trades today…
haven’t seen any set uo that gave me an
edge
[07:01 am] mikewd2 -: quickie 2% on FST in
7.50 out 7.65
[07:01 am] joeytsa : really..thought you
would have been all over LEN
[07:01 am] skydiver : maybe somebody leaked
Bernake’s speech notes for this Thursday?
[07:02 am] shark : nice mike 😉
[07:02 am] skydiver : very nice mike
[07:02 am] doji : No Joey
[07:02 am] mikewd2 -: VIX down 5%
[07:02 am] doji : Was waiting for the O.R.
setup
[07:03 am] joeytsa : PMI came in @ 53.7
with 53.6 forecast , 53.5 last
[07:04 am] joeytsa : solid push thru 1280 on
the ES
[07:05 am] mikewd2 -: nice move on WFT
today
[07:05 am] joeytsa : GS testing prev hi
also
[07:05 am] mikewd2 -: CHK knocking on $17
[07:07 am] doji : Aggg LEN over 5% today
[07:07 am] joeytsa : shows how touchy the
market is right now for it to get a spike on
a 0.1% increase
[07:08 am] skydiver : wow – I guess joey
[07:08 am] joeytsa : should crack $25
doji
[07:08 am] shark : SPY new hod
[07:08 am] mikewd2 -: nice just moved my
target to 22.45
[07:08 am] mikewd2 -: haha
[07:08 am] doji : Not taking LEN Joey… not
at this price
[07:09 am] doji : WPRT is on fire
[07:09 am] skydiver : all out of JOY L
[07:09 am] mikewd2 -: yeah, i think the nat
gas technology development will drive them
much higher over time
[07:09 am] joeytsa : nice sky
[07:10 am] joeytsa : WPRT is a good
company
[07:10 am] skydiver : all out of CRM L
[07:10 am] joeytsa : they are keying on cng
for engines
[07:10 am] doji : Got a deal with CAT
[07:10 am] mikewd2 -: they were on my long
list for market bottom
[07:10 am] joeytsa : deals with CMI and RDS
also
[07:10 am] mikewd2 -: but that didnt’ happen
– haha
[07:10 am] doji : WPRT Mike?
[07:10 am] mikewd2 -: yes
[07:10 am] joeytsa : think they are making
an engine for Ford also
[07:12 am] joeytsa : slight pullback here,
see if it holds for next leg up
[07:12 am] parachute : ood call on WPRT
[07:12 am] doji : Now NAV dropping… missed
the top
[07:13 am] joeytsa : GWW nice pullback to
lod area
[07:13 am] khall : no WPRT shares for short
at IB
[07:14 am] joeytsa : haha
[07:14 am] shark : LULU toppy
[07:15 am] doji : The ES wants to move
higher… 1300 today?
[07:15 am] joeytsa : that would be one heck
of amove
[07:16 am] joeytsa : GS making lower
highs
[07:17 am] joeytsa : doji, if it holds 1282
area, might have a chance though
[07:18 am] joeytsa : WYNN strong today
also
[07:18 am] doji : WFT flirting with 13
[07:18 am] doji : 12
[07:18 am] mikewd2 -: out GMCR L +0.50
[07:19 am] joeytsa : nice one mike
[07:19 am] mikewd2 -: having hard time taking
out that pivot
[07:19 am] doji : Wow, CHK moving nicely
today… also missed it
[07:20 am] skydiver : missed CHK too – had
it up, but was too busy with LNKD, CRM, JOY,
FIRE, and KORS
[07:20 am] joeytsa : nice sky
[07:20 am] joeytsa : mike: if it takes out
that pivot, should run to 18
[07:20 am] skydiver : busy morning – hard to
find time to type 🙂
[07:21 am] joeytsa : with those piano
fingers..you should have no prob sky
[07:21 am] skydiver : good point joey 🙂
[07:21 am] jsn13 : joey, are u in GWW?
[07:21 am] joeytsa : no jsn, i let it
go…
[07:22 am] joeytsa : had my eye on the ES
[07:22 am] mikewd2 -: anyone know why GWW is
off so much?
[07:22 am] jsn13 : where is the best price
and time to short?
[07:23 am] eddy : guys wat does toppy mean
?
[07:23 am] joeytsa : when it lost $177.50
[07:23 am] joeytsa : made a quick $1.50 move
too
[07:23 am] mikewd2 -: i was thinkning
177.00
[07:23 am] eddy : toppy means ready to drop
or going up?
[07:23 am] doji : All my alarms
triggering… stocks hittining new hod
[07:23 am] khall : toppy means it looks like
it’s going to turn and go down
[07:24 am] jsn13 : iThe lod wa 177.05
joey….
[07:24 am] mikewd2 -: down eddy
[07:24 am] eddy : thx khall
[07:24 am] Ed : toppy, means negative
divergence odds favor down move
[07:24 am] eddy : k thx
[07:24 am] mikewd2 -: MFRM – lower vol
stock
[07:24 am] joeytsa : jsn: actually, when it
made a lower high at $180, would have been
ideal, but it didnt flash on my scanner
until later
[07:25 am] shark : watching PCLN for top
[07:25 am] mikewd2 -: nice morning for
PANL
[07:25 am] jsn13 : thanks joey….good
insight…
[07:26 am] shark : one could consider 615
weekly put long (if you know options) PCLN
[07:26 am] mikewd2 -: WFT thru $12, yes
[07:26 am] skydiver : LNKD – been a bouncy
ride up today
[07:27 am] joeytsa : a bunch with same look
sky
[07:27 am] shark : AAPL weak near lod
[07:27 am] skydiver : yeah
[07:27 am] skydiver : been a good morning –
don’t want to do anything stupid now 🙂
[07:28 am] shark : LVS toppy
[07:28 am] joeytsa : same here haha
[07:28 am] doji : Nice sky…. leaving blank
today although… quite busy here, no
multitasking
[07:29 am] skydiver : thnx doji
[07:29 am] skydiver : FIRE dropped
[07:29 am] parachute : Great call on MCR
[07:29 am] parachute : That should be
GMCR
[07:30 am] doji : FSLR new hod
[07:30 am] doji : It it breaks 13 could give
0.40 cents
[07:36 am] mikewd2 -: no shares OVTI at TS
[07:38 am] parachute : TS filled my order
[07:39 am] mikewd2 -: dang FSL having a
really good day
[07:39 am] mikewd2 -: on OVTI short?
[07:40 am] doji : still having your long
positions in CJES and WFT Mike?
[07:40 am] mikewd2 -: yes doji
[07:40 am] parachute : yep OVTI short
[07:40 am] mikewd2 -: reduced some WFT – and
moved into leap options though
[07:40 am] mikewd2 -: my TS came back and
said not easy to borrow
[07:40 am] doji : Wow Mike… I started a
small position in SLB at 61… plan to add
below 60 and so on
[07:41 am] doji : will keep it for the long
term although
[07:41 am] mikewd2 -: i was a bit margined
and had to doji
[07:41 am] shark : NFLX pop
[07:41 am] shark : on news it wants to do
own streaming hardware
[07:42 am] mikewd2 -: right shark that is why
AKAM was off today
[07:42 am] shark : and LLNW too
[07:45 am] parachute : WPRT finally
dropping
[07:46 am] shark : SPY pulling back
[07:47 am] mikewd2 -: SPY hit the 129.03
pivot and dropped back
[07:49 am] shark : GMCR was great, thx
Mitch
[07:49 am] mikewd2 -: didn’t have the
patience Mitch – nice call
[07:51 am] shark : GOOG new lod
[07:54 am] mikewd2 -: becareful with ETN,
looks weak
[07:55 am] jimmyp : l etn at 38.74
[07:56 am] joeytsa : GWW tested $173
[07:56 am] shark : PCLN 615 put long over
25% profit now
[07:56 am] mikewd2 -: nice shark
[07:56 am] joeytsa : nice shark
[07:57 am] shark : still looks good
[07:57 am] skydiver : hats off to you shark
🙂 good job
[07:58 am] shark : 🙂
[07:58 am] mikewd2 -: u sold naked calls,
shark?
[07:58 am] mikewd2 -: or bought puts?
[08:00 am] shark : 615 long puts PCLN from
earlier comment, mike
[08:01 am] shark : GOOG watching
[08:02 am] joeytsa : yeah shark, GOOG trying
to hold prev lo
[08:03 am] shark : selling to close PCLN 615
put
[08:03 am] joeytsa : loss of that sends in
down in increments
[08:04 am] joeytsa : great trade
[08:04 am] joeytsa : too busy typing SEX
into your charts 🙂
[08:04 am] shark : joey nailed it 😉
[08:05 am] Mitch K: bad boy joey
[08:05 am] joeytsa : you said it haha
[08:05 am] Ed : we know where is mind is
[08:05 am] Mitch K: that was a typo one
time,
[08:05 am] joeytsa : sure haha
[08:05 am] joeytsa : i’ll tell my wife that
next time i use google
[08:06 am] mikewd2 -: lol
[08:06 am] Mitch K: hey joey, Chinese
Confucius say, don’t punish man more than
once for same mistake
[08:06 am] mikewd2 -: need to tell my wife
that one!!!!
[08:06 am] shark : 🙂 i like that!
[08:07 am] joeytsa : Confucius was a very
wise man
[08:07 am] Mitch K: lol, you guys are
funny
[08:07 am] skydiver : can’t believe my time
is up!! Great day. Thnx Mitch and Ed and
the rest of the great group!! See you
tomorrow 🙂
[08:07 am] khall : see ya sky
[08:07 am] mikewd2 -: GMCR moving again
[08:07 am] joeytsa : bye sky
[08:07 am] skydiver : 🙂
[08:08 am] jimmyp : out etn
[08:08 am] mikewd2 -: jimmyp: ETN worked out
better than i thought for you
[08:08 am] mikewd2 -: nice jjob
[08:08 am] shark : bye sky
[08:08 am] jimmyp : I just told myself I
would take the first trade that posted in the
room
[08:09 am] shark : :O
[08:09 am] mikewd2 -: outch
[08:09 am] jimmyp : once I got in the room
that is, exited too quick
[08:09 am] mikewd2 -: i was just glad you
made money!
[08:10 am] jimmyp : me too for sure
[08:10 am] mikewd2 -: i was considering
shorting it
[08:11 am] mikewd2 -: well break time, cu
guys at 2pm
[08:11 am] shark : bye mike
[08:11 am] doji : SHFL
[08:11 am] joeytsa : later mike
[08:11 am] jimmyp : i didnt like the
congestion above 39, but mitch is king.
[08:12 am] joeytsa : good trading though
jimmyp
[08:12 am] joeytsa : if you dont like
something, then get out
[08:13 am] joeytsa : tighten GWW if anyone
took it long
[08:13 am] shark : thx jsn13 GWW
[08:14 am] jsn13 : it was joey’s
idea…missed the long though…
[08:15 am] shark : thx joey!!!
[08:15 am] joeytsa : 🙂
[08:18 am] shark : well heck, watch PCLN for
another short helping, then!!
[08:18 am] joeytsa : haha
[08:18 am] shark : AAPL testing be res
[08:20 am] gutto2 : COH looks weak
[08:21 am] joeytsa : yeah gutto, since that
dbl top earlier
[08:24 am] joeytsa : anyone in here from
wisconsin?
[08:24 am] joeytsa : huge election there
today
[08:28 am] shark : GMCR stron
[08:28 am] shark : strong
[08:28 am] joeytsa : german factory orders
came in at – 1.9%, with -1.0 forecast, + 3.2
last
[08:28 am] joeytsa : thats – 1.9%
[08:29 am] jimmyp : S aig at 28.33
[08:32 am] parachute : took that too
[08:37 am] cdougan : That’s all for me
today. Thanks for the great calls everyone.
Have a gread day.
[08:37 am] joeytsa : bye cdoug
[08:38 am] Ed : c ya cdougan
[08:38 am] scalpman : Wynn Dropped almost
1+
[08:42 am] parachute : great call
[08:43 am] shark : PCLN 615 long put working
great again
[08:44 am] shark : about 15% profit,
watching test of recent low
[08:45 am] shark : WPRT res at VWAP -3x
[08:53 am] parachute : Would someone clarify
when You say “toppy” are you looking at
indicators or price action? if so what
indicators?
[08:54 am] Ed : its a term Mitch uses, pretty
sure he is looking at indicators
[08:54 am] parachute : stochastics?
[08:55 am] Ed : culmination of indicators and
his years of wisdom from trading
[08:55 am] Ed : u would have to ask him on
that one
[08:56 am] parachute : thx
[08:56 am] Ed : no problem
[08:56 am] shark : awesome 2nd helping on
PCLN, thx Mitch
[08:57 am] shark : (for the “more short
helping” guidance)
[08:58 am] shark : GOOG fading
[08:58 am] shark : interesting vol spike
[08:59 am] parachute : great call on WYNN
short. Thx
[09:00 am] Ed : monitor GLD and GOLD next
couple of days, has had tight
consolidation
[09:01 am] Ed : monitor for break from
consolidation
[09:01 am] Ed : ABX also
[09:01 am] shark : all out PLCN 615 weekly
Put -appx 35% profit
[09:08 am] doji : Hey, when did you call for
that put Dore?
[09:09 am] doji : Ok got it…[07:26 am]
shark : one could consider 615 weekly put
long (if you know options) PCLN
[09:09 am] doji : is this 35% from 07:26this
morning?
[09:11 am] scalpman : Time to go…not so
good today..see you all tomorrow.
[09:11 am] scalpman : Scalpman has left the
building!
[09:11 am] Ed : c ya scalp
[09:11 am] qwert : bye scalp
[09:12 am] doji : Monter run in RDN
[09:14 am] doji : Is Sharky still here or is
he usy counting his money?
[09:15 am] shark : present!!!
[09:15 am] shark : watching GOOG
[09:16 am] shark : reaching 1/26 low
[09:16 am] shark : PCLN 3rd helping, missed
it
[09:17 am] shark : SPY-DIA near lod
[09:18 am] doji : Throw another idea
Sharky… I am $0 for the day… quite
busy…
[09:21 am] shark : gotcha!
[09:23 am] doji : or say goodbye to your
ceviche in Lima
[09:26 am] shark : lol
[09:26 am] shark : Larcomar…great made to
order ceviche buffet
[09:27 am] shark : consider selling PCLN 590
puts
[09:28 am] shark : sell to open for
2.40/contract
[09:28 am] shark : sorry 2.10/contract
[09:29 am] shark : this is an advanced
trade
[09:44 am] joeytsa : EW with news,spike
[09:52 am] shark : nice run on INVN today
[10:00 am] doji : Back… just saw your post
Sharky… will send you an e-mail later, have
to move my trip to Lima and Quito one week
[10:02 am] shark : ok.
[10:03 am] shark : might cancel Colombia, so
have more felxibility on dates
[10:14 am] qwert : watching ICE
[10:27 am] qwert : sync nice thx Ed
[10:27 am] Ed : glad u got it
[10:38 am] victor51 : Ed, how many bars of
higher red volume you look for ZUMZbefore
short entry
[10:38 am] murano : DECK
[10:39 am] Ed : wanted a puch into areas of
resistance with col 36.30ish area then 36.60
ish area
[10:40 am] Ed : puch=push
[10:41 am] Ed : so I look for move into area
potential resistance and see how stock is
reacting, if get more buyers or of sellers
start to come in, I combine this with the
typed of candle I get also, like any type of
bearish candles, just the reverse for
longs
[10:43 am] Ed : ZUMZ still turned over, but I
was lookn for higher push for higher probable
trade and more money
[10:46 am] victor51 : Ed thanks. Would you
pass S ZUMZ since it did not hit 36.30?
[10:47 am] Ed : I did even though it gave
nice signal and about 1% on short if u hit it
on 1:35 bar, but I wanted more stretch of
price like rubberband
[10:48 am] gutto2 : PPO
[10:49 am] Ed : the better the stretch in
price into resitance/support
[10:49 am] Ed : bettter the odds
[10:51 am] victor51 : Ed, 36.30 res. from
yesterday?
[10:52 am] Ed : yes and if went trough that
area was looking at .60ish
[10:54 am] victor51 : Thanks Ed
[10:56 am] Ed : thats why I like using term
potential support/resistance. Has potential
to stop or continue on , why one must be
flexibble in thinking when comes to
trading
[10:57 am] Ed : no problem victor
[10:58 am] jsn13 : Ed, u managed to catch
PPO short? U got 35.80+ area?
[10:59 am] Ed : yes
[10:59 am] victor51 : In SIM, i was testing
it and made 20 cents or 1/2%. You were
correct that there was not much juice.
[10:59 am] Ed : which stock?
[11:00 am] jsn13 : nice….i missed
it….saw it late…
[11:00 am] Ed : which stock victor?
[11:00 am] victor51 : zumz
[11:00 am] Ed : ok
[11:01 am] Ed : 1/2% is still good for this
time of day
[11:01 am] qwert : no shares ppo at
lightspeed
[11:03 am] Ed : next time qwert
[11:03 am] qwert : yep
[11:12 am] victor51 : Mitch, does it make
sense to place limit order for PPO at 35.60
or just wait and see how it develops?
[11:15 am] Ed : best to see how develops
[11:16 am] victor51 : I agree Ed
[11:17 am] Ed : good deal
[11:30 am] jimmyp : check
[11:31 am] Ed : i c ya jimmyp
[11:31 am] jimmyp : Thanks
[11:32 am] joeytsa : Ed: did you play CNQR
or just watching?
[11:32 am] jimmyp : Anybody got an opinion
on taking vxx L from here into the close?
[11:32 am] joeytsa : 2nd day in a row it
made a decent move
[11:33 am] Ed : yep
[11:35 am] Ed : would not take it based on
anticipation but monitor SPY and XX and if
sets up take the trade. This way if we get
some buying into close in SPY u will not get
siganl to buy vxx
[11:35 am] victor51 : Jimmyyp, zit was
mentioned on CNBC today VXX L
[11:36 am] Ed : FB new lod
[11:37 am] jimmyp : I think the market
cracks here into the close, gonna get long at
LOD if I can.
[11:38 am] eddy : Mitch wud you conside
going long PPO if it drops further?
[11:40 am] eddy : Ed why wud u cove here?is
it because it hit the 50d average?
[11:40 am] Ed : yes
[11:40 am] eddy : ok
[11:41 am] eddy : wud u go long ppo now
ed?
[11:41 am] Ed : not my type of trade, even if
i get a signal for long
[11:44 am] Ed : food for thought, jimmyp its
alright to analyze martkets as day trader,
but best to stay neutral in ur thoughts whil
trading. When u think 1 way and it does not
turn out way u think creates negative energy
and can deplete u emotionally.
[11:45 am] Ed : This is great to remember for
all especially new traders
[11:45 am] joeytsa : thanks Ed
[11:46 am] parachute : thanks for that
reminder Ed> i need that everyday
[11:48 am] Ed : we are all here to help each
other to become consistent traders
[11:48 am] murano : JCP
[11:54 am] eddy : will take it mitch thx
[11:57 am] Ed : good study of chart pattern
though
[11:58 am] shark : watching INVN
[11:59 am] Ed : that was actually printed
price on WFM, not bad tick
[11:59 am] gub : WFM – HOW TO PLAY THIS –
LONG OR SHORT?
[12:00 pm] gub : TY Mitch!
[12:02 pm] joeytsa : took all day but WPRT
finally with a decent push thru $27
[12:02 pm] Ed : thx Sir Joey
[12:02 pm] joeytsa : haha
[12:02 pm] shark : LULU testing hod
[12:04 pm] jsn13 : gmcr
[12:05 pm] doji : Jesus, LEN up almost 8%
and I missed all
[12:06 pm] shark : oh man….
[12:06 pm] doji : still $0 porfit
today…
[12:07 pm] shark : DOJIIIIIII
[12:07 pm] shark : watching JCP
[12:07 pm] shark : INVN way oversold on
daily, getting good pop today
[12:08 pm] shark : back over 10day
[12:11 pm] doji : WFT seems like it wants to
get back to 12
[12:12 pm] totora : Finally set up accounts
with Tradestation
[12:12 pm] eddy : l jcp 24.01
[12:12 pm] Ed : great news totora
[12:13 pm] totora : c u all tomorrow
[12:13 pm] Ed : c ya totora
[12:13 pm] joeytsa : bye totora
[12:13 pm] totora : GL… nah.. u don’t need
it
[12:13 pm] shark : bye totora! 🙂
[12:13 pm] go4it : SHFL moving
[12:13 pm] victor51 : Totora, you love it.
TS also has good inventory for shorts
[12:13 pm] doji : SHFL
[12:13 pm] shark : JCP nice bounce over
10,21min ma
[12:14 pm] shark : see if it holds on the
retest of 21min ma
[12:19 pm] jimmyp : Ed, thanks for the
comment, i was in a trade and could not
respond. Neutrality is big idea, very hard
for me at times
[12:21 pm] jimmyp : perhaps the hardest
thing for me to master, as i tend to fight
too often and lose patience
[12:21 pm] Ed : understood, its a tremendous
hurdle for 90% of traders
[12:21 pm] doji : SPY volume almost 1/3 of
yesterday’s and 1/2 of day before
[12:21 pm] doji : Now hitting its 200d MA
[12:22 pm] shark : out 1/2 JCP long
[12:22 pm] Ed : this is where change of terms
you use and thinking will help
[12:22 pm] eddy : all out jcp long
[12:23 pm] Ed : all about practicing it until
it becomes grain in ur thought process
[12:23 pm] doji : ?
[12:24 pm] Ed : comment for jimmyp
[12:24 pm] doji : Sorry, wrong keyboard
[12:24 pm] doji : GMCR running
[12:25 pm] jimmyp : Yes, I have been trading
SSO and VXX for the last 6 months, so the
room is a little different for me. More
about patterns than market structure
[12:25 pm] gub : doji – you in gmcr?
[12:25 pm] doji : What is the cocept of
market structure jimmyp?
[12:26 pm] mikewd2 -: GMCR close to
resistance
[12:26 pm] gub : GMCR – Mitch close to
short?
[12:26 pm] eddy : thx for icp mitch
[12:27 pm] jimmyp : as I see it, when
trading the indexes, its about long term S/P,
daily S/P and relative buying or selling
aggression. Are sellers or buyers in
control
[12:27 pm] shark : JCP at S2 res
[12:27 pm] jimmyp : I’ve learned to see
these foot prints better than trading
patterns
[12:27 pm] ogking : Mitch K whats you sell
signal vol. ty
[12:28 pm] shark : all out JCP long
[12:28 pm] joeytsa : nice trading on JCP
[12:28 pm] eddy : well done shark
[12:28 pm] eddy : gd patience
[12:29 pm] mikewd2 -: oh goody
[12:30 pm] doji : and what footprints you
see Jimmmyp now?
[12:30 pm] doji : Is it the bottom?
[12:30 pm] mikewd2 -: doji: did you say you
have gone long swing on SLB?
[12:30 pm] skydiver : Hi guys – just jumped
on to see how things were doing
[12:30 pm] doji : YEs Mike… small position
below 60
[12:30 pm] doji : 61
[12:31 pm] mikewd2 -: nice
[12:31 pm] doji : just to “taste” teh
waters
[12:31 pm] doji : I like it more below 60
and WFT below 11
[12:31 pm] jimmyp : 48.80 stalled on SSO and
the stochastics look to be heavy on the 5 15
and 30 min
[12:31 pm] mikewd2 -: did you consider any
longer term call options?
[12:32 pm] skydiver : okay Mitch – poll you
want us to take?
[12:32 pm] jimmyp : 30 min trend line has
held well all day though, so just a hunch.
As we know, no trade is 100%
[12:32 pm] doji : No Mike, I never trade
options. That is why I am taking Sharky to
Lima…
[12:32 pm] shark : 🙂
[12:33 pm] mikewd2 -: gotya
[12:33 pm] doji : HE is the master in
options
[12:33 pm] shark : 😉
[12:33 pm] doji : just need to clone his
mind…. hahaha I’ll pay him with food…
peruvian food
[12:33 pm] mikewd2 -: SLB optiions are pretty
expensive – might buy and sell covered
calls.
[12:33 pm] skydiver : careful doji – his ego
will get toooo big 🙂
[12:33 pm] doji : I’ll do that once I am in
full position, not now
[12:35 pm] doji : I am waiting FB to hit 13
to take my full position also
[12:36 pm] mikewd2 -: yeah, i might get a
little at that price
[12:36 pm] eddy : s jcp 24.33
[12:37 pm] joeytsa : leaving early…see you
all tomorrow
[12:37 pm] joeytsa : Thanks Mitch, Ed,
everyone
[12:37 pm] eddy : bye joey
[12:37 pm] Ed : think Mitch has a poll
joey
[12:39 pm] Mitch K: just a sec joey, i have a
poll
[12:40 pm] doji : SLB stayed with its OR
most of the day
[12:40 pm] jimmyp : its looks like i was
wrong, I was long SSO all day but I just
gave up a bunch on VXX
[12:40 pm] jsn13 : Mitch, is ur system ready
soon?
[12:41 pm] joeytsa : i voted Mitch
[12:41 pm] gub : yea Mitch I tired of losing
$ – releace the TSA cracken!
[12:41 pm] joeytsa : thank you, see you in
the morning..gotta be somewhere
[12:41 pm] skydiver : take care joey —
[12:41 pm] shark : bye joey! thx for great
ideas
[12:42 pm] jimmyp : 30 min trend never broke
like i hoped. smoking hopium
[12:42 pm] gub : yes!
[12:42 pm] skydiver : yes – I voted Ed
[12:43 pm] jimmyp : yes
[12:43 pm] shark : yes
[12:43 pm] chinhngo : yes
[12:43 pm] eddy : yes
[12:44 pm] gub : Release it Mitch!
[12:44 pm] doji : Keep amunition for
tomorrow… market could opne lower… you
never know…
[12:45 pm] shark : consider covering prev
PCLN 590 weekly put sold to open
[12:45 pm] shark : 2.10 sold to open – 1.80
buy to close
[12:45 pm] gub : awesome!
[12:46 pm] shark : .30/profit per
contract
[12:46 pm] gub : Mitch – I luv playing video
games so I should be good at this!
[12:47 pm] shark : Love the audio signal
concept, Mitch
[12:48 pm] skydiver : sounds good Mitch –
looking forward to your new system when
ready
[12:49 pm] jsn13 : Mitch, have u tried using
the system during the 1st hour of trading
recently?
[12:50 pm] gub : Yes I do have a bad case of
the greed gland. now.
[12:50 pm] shark : :O WOOOWWWW
[12:50 pm] jsn13 : Wow…can u catch the
price when u see it? Can u get good
prices?
[12:50 pm] skydiver : Maybe it’ll help my
greed gland and decrease my gland 🙂
[12:50 pm] skydiver : fear gland
[12:50 pm] garyb : Hey there team! Just
checking in…it’s been a while. Hope
everyone is great! THis new systems sounds
AWESOME Mitch!
[12:50 pm] skydiver : Hey gary!!!
[12:50 pm] Ed : hey gary
[12:51 pm] garyb : Hey!!! SKY! ED!
[12:51 pm] shark : HI GARYB 🙂
[12:51 pm] garyb : Shark!
[12:51 pm] gub : It’s not illegal unless you
get caught Mitch.
[12:51 pm] doji : Garyyyyyyyyyyyy!!!
[12:51 pm] skydiver : Will we need to down
load software Mitch when it’s ready or?
[12:51 pm] shark : then it must come with
some “waterfall” music, Mitch!
[12:51 pm] garyb : Fernandooooooooo!!!!! I
miss you all!
[12:51 pm] jsn13 : Hey mitch, will the
webinars or smeinars teach us to use the
system in real time?
[12:51 pm] gub : Yes I am stressed out now
over entry price on stocks.
[12:52 pm] doji : Stop chasing your
secretary Gary!
[12:52 pm] garyb : I had to fire her! Our
business is tanking so we have to cut costs!
That’s why I don’t trade as much
[12:52 pm] gub : LVS TY for the recwhoever
gave it!
[12:52 pm] shark : nice gub!
[12:53 pm] doji : Fro $0 to $0…. hummm.
double profitability… hahah
[12:53 pm] jsn13 : How much would it costs
apporximately mitch? I like the idea….IF
can learn to use the system in real time it
would be even better….
[12:53 pm] gub : I got out at 44.97 stop out
with profit it ran so fast – TY sharky!
[12:53 pm] skydiver : Well, looking forward
to the new system.
[12:53 pm] gub : lvs
[12:54 pm] victor51 : Mitch, Sounds great.
It will be great help for the new traders and
will help pick up speed
[12:54 pm] jsn13 : Nice
Mitch…thanks…YESSSSSSSSSSSSSSS
[12:55 pm] eddy : sure mitch lets see it
[12:56 pm] skydiver : yes
[12:56 pm] skydiver : ready to be messed up
Mitch 🙂
[12:56 pm] gub : Yes please Mitch!
[12:56 pm] gub : I’m already messed up.
[12:57 pm] gub : It should straighten me out
then!
[12:57 pm] skydiver : I’m with you gub 🙂
[12:57 pm] jsn13 : What stock is this?
[12:58 pm] doji : FB Jason
[01:00 pm] garyb : We can use this with the
e-minis Mitch?
[01:01 pm] shark : A W E S O M E ! ! !
[01:01 pm] gub : Is this a oil stock???
[01:01 pm] eddy : how will u teach us to use
it mitch?
[01:01 pm] gub : on chart.
[01:01 pm] skydiver : WOW – is all I can say
— amazing 🙂
[01:02 pm] shark : what symbol is this?
[01:02 pm] gub : Man I’m glad I found you
Mitch.!
[01:02 pm] eddy : i go paper trading from
now until we get this tool
[01:02 pm] gub : go sim eddy.
[01:02 pm] gub : TS
[01:03 pm] gub : It’s nice.
[01:03 pm] chinhngo : how do we get this
chart?
[01:03 pm] eddy : ninja gub …mitch will
place this on ninja
[01:03 pm] jsn13 : Mitch, what does the
price at the signals stand for?
[01:03 pm] gub : Mitch – can we use this on
Tradestation?
[01:04 pm] jsn13 : nice…but how bout some
stocks that we traded juz now? like JCP?
[01:04 pm] chinhngo : i have account for
future at option express can i have this
chart?
[01:05 pm] qwert : its awesome mk
[01:05 pm] skydiver : I have lightspeed and
esignal – so need to get Ninja then? – I
like what I’m seeing
[01:05 pm] jsn13 : Mitch can u show jcp?
[01:05 pm] eddy : impressive
[01:05 pm] garyb : Great Mitch! When can we
get it??
[01:05 pm] gub : Yes but I want it now
Mitch.
[01:05 pm] shark : YES!!!
[01:05 pm] chinhngo : absolutely yes yes
yes
[01:05 pm] jsn13 : Like where the signal for
JCP was juz now for long and short..
[01:06 pm] gub : I’m sick of stubliing over
all the stock reccomendations in the AM
[01:06 pm] gub : I luv u Mitch!
[01:07 pm] gub : I’m breakeven recently.
[01:08 pm] gub : Was losing 1000’s at first
– It was sickening.
[01:08 pm] qwert : bye everybody goota go
got the inlaws in for graduation cya in the
am
[01:08 pm] eddy : bye qwert
[01:08 pm] skydiver : Sounds like it is
right up my alley — 🙂
[01:08 pm] skydiver : bye qwert
[01:08 pm] gub : sky – you and me both.
[01:08 pm] skydiver : 🙂
[01:09 pm] jsn13 : Mitch can this be use for
breakout strategy besides the reversal
strategy?
[01:09 pm] gub : yes good ? jsn
[01:09 pm] gub : I luv playing those.
[01:10 pm] eddy : ok everybody i need to
catch some sleep c u all AM
[01:10 pm] shark : bye eddy!
[01:10 pm] skydiver : by eddy – see you
tomorrow
[01:10 pm] skydiver : and I have to get back
to work — see you all in the morning
[01:11 pm] gub : bye sky – ed.
[01:11 pm] shark : reversal, ok 🙂
[01:11 pm] jsn13 : Even for slow days…
[01:11 pm] gub : yea slow days?
[01:12 pm] jsn13 : ok…..But can we see
some examples?
[01:12 pm] gub : This will give me a reason
to devout 100% of my time on daytrading.
[01:13 pm] jsn13 : some slow stocks today?
like the slow bounce that slowly trend
up….something like AIT in the am?
[01:13 pm] victor51 : Mitch, is it true that
this will help improve profit with a lower
risk
[01:13 pm] shark : bye Mitch. Thx!!!
[01:14 pm] jsn13 : Hopefully it can give us
good prices so that our stop losses are
always tight…
[01:15 pm] jsn13 : thanks mitch….this is
definitely the right direction and most
effective ways to help ppl like us…
[01:16 pm] jsn13 : ok got u….impatient to
see ur system…
[01:16 pm] jsn13 : it is almost done?
[01:16 pm] jsn13 : like 70-80%?
[01:17 pm] jsn13 : nice mitch….this is
what we are looking for….low risk high
reward…
[01:18 pm] jsn13 : thanks mitch…..u can
call em jason….
[01:18 pm] murano : Caan you let it run in
the trading room for one stock soon so we can
observe?
[01:19 pm] jsn13 : As in call me
jason….next time can even use it for robot
trading…
[01:19 pm] gub : It sounds like a winner
Mitch.
[01:19 pm] murano : ok
[01:19 pm] garyb : yes I’m online
Mitch…
[01:19 pm] jsn13 : Thanks….good to hear
that….
[01:20 pm] gub : Can we watch a baseball
game on TV and run it Mitch.
[01:20 pm] shark : wait til doji and I get
back from our trips, Mitch! 🙂
[01:20 pm] jsn13 : Is there a scanner by the
way to help u find those ideas? or u juz have
to load them on the charts?
[01:20 pm] gub : I’m a BB fan. – bigtime.
[01:20 pm] garyb : Hey Mitch
[01:21 pm] doji : Hahah, right Sharky….
[01:22 pm] shark : great entry on JCP, out a
tad soon, reviewing your chart guidance,
Mitch
[01:23 pm] shark : yes
[01:23 pm] garyb : When will this be
available Mitch??
[01:24 pm] jsn13 : Wow they are a very very
accurate signals…
[01:24 pm] garyb : Wow, okay…sounds great
Sign me up, I’m in!
[01:25 pm] jsn13 : thanks mitch for the JCP
signals…i asked for that juz now…
[01:25 pm] jsn13 : thanks…
[01:26 pm] victor51 : Bye Mitch and thanks
for sharing your innovative tool
[01:28 pm] gub : Ty Mitch!
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