[06:18 am] Ed : good morning traders
[06:31 am] Ed : monitioring DPS for bottom to
buy
[06:34 am] Mitch K: watching ROST for top to
short
[06:34 am] Mitch K: watching DRI for short
soon
[06:34 am] Mitch K: to buy
[06:34 am] Mitch K: watching QCOM for
bottom
[06:35 am] Mitch K: watching APOL for bottom
to buy
[06:35 am] Mitch K: watching COST for
short
[06:35 am] Mitch K: watching FIO for bottom
to buy
[06:35 am] Mitch K: watching EW for top to
short
[06:36 am] Mitch K: watching RCL for bottom
to buy
[06:36 am] Mitch K: watching JIVE for short
soon
[06:37 am] Mitch K: watchign QCOR for
bounce
[06:37 am] Mitch K: watching JAZZ for
bottom
[06:37 am] Mitch K: watching AVGO for
bottom
[06:37 am] Mitch K: watching YOKU for bottom
to buy
[06:37 am] Mitch K: watching AEM for bottom
to buy
[06:38 am] Mitch K: watching BBBY for top to
short
[06:38 am] Mitch K: watching APA for top to
short
[06:38 am] Mitch K: watching ATI for bottom
to buy
[06:39 am] Mitch K: watching ANSS for
bottom
[06:39 am] Mitch K: watching HAR for
bottom
[06:39 am] Mitch K: watchign HDB for bottom
to buy
[06:39 am] Mitch K: watching DNDN for top to
short, take time
[06:40 am] Mitch K: watching KFY for short
soon
[06:40 am] Mitch K: watching JIVE closer
[06:40 am] Mitch K: watching CRR for top to
short
[06:40 am] Mitch K: watching ASML for
bottom
[06:41 am] Mitch K: watching PRGO for short
soon
[06:42 am] Mitch K: watching AOL for
bottom
[06:42 am] Mitch K: watching YOKU closer
[06:43 am] Mitch K: consider covering ROST
around here 64.50
[06:43 am] Mitch K: be flexible
[06:43 am] Mitch K: looking for 49.80 area on
DRI short to cover
[06:43 am] Mitch K: looking for 7.50 area on
DNDN to cover; probably a little lower
[06:44 am] Mitch K: monitoring Z
[06:44 am] Mitch K: watching ANSS closer
[06:46 am] Mitch K: watching AOL closer
[06:46 am] Ed : Im reducing 3/4 long DPS,
will stop last 1/4 breakeven no likey
[06:47 am] Mitch K: consider selling most of
JAZZ long
[06:47 am] Mitch K: consider selling AEM
long
[06:47 am] Mitch K: looking to sell RCL
soon
[06:48 am] Mitch K: watching ANV for top to
short; take time
[06:48 am] Mitch K: NKE bouncing, more upside
today
[06:49 am] Mitch K: consider reducing or
selling HAR
[06:49 am] Ed : monitior SAPE for potential
bottom to buy around 9.97 and 10.01
[06:49 am] Mitch K: watching QCOR for bottom
to buy
[06:50 am] Mitch K: consider shorting CLB
[06:50 am] Mitch K: CLB short soon
[06:50 am] Ed : would like more selling vol
also SAPE
[06:50 am] Mitch K: HDB looks weak
[06:51 am] Mitch K: watching PANL for top of
this bounce for short; missed bottom
[06:52 am] Mitch K: consider selling JAZZ
[06:52 am] Mitch K: looking for under $18 on
JIVE short; be flexible
[06:53 am] Mitch K: watchign DRI for 2nd
helpin gshort
[06:53 am] Mitch K: consider reducing ANSS
[06:55 am] Mitch K: almost always gives same
pattern
[06:55 am] Mitch K: anytime you see RCL idea,
look at CCL. Royal Carribean Cruise,
Carnival Cruise Lines
[06:56 am] Mitch K: monitoring URI
[06:56 am] Mitch K: monitoring SGEN
[06:57 am] Mitch K: watching APA to cover
soon
[06:57 am] Ed : SPY new hod
[06:57 am] Mitch K: most stocks rebounding,
the longs will outperform shorts at the
moment
[06:58 am] Mitch K: watching ATI for top to
sell long
[06:58 am] Mitch K: consider reducing YOKU,
expect pullback before higher high
[06:58 am] Mitch K: ANV turning over, late to
short though, too late at this price
[06:59 am] Mitch K: low vol on ANSS ok for
long, looking for just under 63; be
flexible
[06:59 am] Mitch K: looking for 33.40 area on
AVGO long
[06:59 am] Mitch K: APA looks like 84 is
holding, consider covering short
[07:00 am] Mitch K: CRR too strong to
short
[07:00 am] Mitch K: HAR tends to have strong
rebound, look for 35.75 area, maybe higher
[07:01 am] Mitch K: you guys decide on ANSS,
taking off screen, need room
[07:01 am] Mitch K: QCOR acting like slow
boast to CHina
[07:01 am] Mitch K: monitoring CRUS spike
[07:02 am] Mitch K: taking CRR chart off
screen, need room
[07:02 am] Mitch K: watchign CHSI for top to
short soon
[07:03 am] Mitch K: DRI 2nd helping short
fairly soon
[07:03 am] Mitch K: CRUS toppy, passing
though,
[07:03 am] Mitch K: slow boat left dock
[07:03 am] Mitch K: QCOR finally moving
[07:03 am] Mitch K: watching IGT for top to
short, take time
[07:04 am] Mitch K: still like CLB as short,
little hot, thin float
[07:05 am] Mitch K: stocks that were running
starting to fizzle out, i see tops forming
[07:05 am] Mitch K: consider selling HAR
[07:06 am] Mitch K: as gumby
[07:06 am] Ed : but as always be flexible
[07:06 am] Mitch K: your call on JIVE short,
prob best to cover most, leave 1/3rd open
short o see if goes to 17.60
[07:06 am] Ed : looking for 42.78 on final
piece long DPS
[07:07 am] Mitch K: monitoring GRMN, expect
slow bounce later
[07:07 am] Mitch K: monitoring NFLX, hasnt
been a strong bouncer
[07:07 am] Mitch K: consider selling JAZZ
[07:07 am] Mitch K: consider selling most of
ANSS
[07:08 am] Mitch K: watch DV for top to
short
[07:08 am] Mitch K: consider short on top of
APOL
[07:08 am] Mitch K: consider selling APOL
long soon
[07:08 am] Mitch K: not impressed with AOL
bounce
[07:09 am] Mitch K: URI toppy
[07:10 am] Mitch K: consider covering ANV
short
[07:10 am] Mitch K: missed KORS bottom,
watching for top to short; take time
[07:11 am] Mitch K: AVGO toppy, consider
selling long
[07:11 am] Mitch K: monitor APA for 2nd
helping short later
[07:12 am] Mitch K: 2nd helping DRI short
starting, slower trade
[07:12 am] Mitch K: more upside on QCOR
long
[07:12 am] Mitch K: IGT turning over nicely
for short
[07:13 am] Mitch K: watch VRX for top to
short, missed bottom
[07:13 am] Mitch K: consider covering BJRI,
not sure if posted but been watching
[07:14 am] Mitch K: still watching PRGO
[07:14 am] Mitch K: as a gymnast
[07:14 am] Mitch K: looking for under 14.50
to cover IGT short; be flexible
[07:15 am] Mitch K: watching CTX for bottom,
take time
[07:15 am] Mitch K: IGT going to give good
repeated trades today; monitor all day,
dedicated chart
[07:15 am] Mitch K: when i say monitor, means
not ready but could develop into an idea
[07:15 am] Mitch K: watching LNCR for top to
short; take time
[07:16 am] Mitch K: gift IGT time to
breakdown more
[07:18 am] Mitch K: monitoring WPI
[07:19 am] Mitch K: its difference between a
sustainable chart )slower) or a faster moving
stock which is something i look for a
reversal
[07:19 am] Mitch K: lot of stocks moving up
still, more steadily; looking for the fast
movers up or down
[07:22 am] Mitch K: watchign WPI closer
[07:22 am] Mitch K: watchign WBMD
[07:22 am] Mitch K: try to be more patient
now
[07:23 am] Mitch K: ATI 2nd helping short
[07:23 am] Mitch K: looking for 38.70 area to
cover KORS short
[07:24 am] Mitch K: monitoring CELG, very
strong, looking for long on pullback
[07:24 am] Mitch K: ANV short over
[07:25 am] Mitch K: VRSN also strong,
monitoring,
[07:27 am] Mitch K: no i didnt post FDO;
another brain fart
[07:27 am] Mitch K: FDO turning over, hope i
posted that
[07:33 am] Ed : getting pullback in SPY
[07:36 am] Mitch K: the 2nd helping DRI short
not working
[07:39 am] Mitch K: VRSN toppy
[07:39 am] Mitch K: watching APA for 2nd
helping, im waitnig to see if new high though
first
[07:41 am] Mitch K: almost 10 mil vol so
far
[07:41 am] Mitch K: DNDN good stock to buy on
dips last two days
[07:42 am] Mitch K: should get a tradable
long bounce
[07:42 am] Mitch K: watching CVLT drop
more
[07:42 am] Mitch K: looking for lower lows on
IGT short
[07:53 am] Mitch K: IGT went under $14.50,
should break down more
[07:54 am] Ed : SPY trading at horiziontal
resistance
[07:55 am] Mitch K: QSFT
[07:58 am] Mitch K: VRSN breaking down
[07:59 am] Mitch K: VRX also turning over
[08:08 am] Mitch K: the discount stores like
FDO, Family Dollar, and DLTR, DOllar Tree
have been very bullish on daily charts, as
well as FDO 1 min chart today
[08:16 am] Ed : SPY new hod
[08:25 am] Ed : SPY new hod
[08:28 am] Mitch K: how about IGT, you do ok
on short?
[08:28 am] Mitch K: hope you guys made out on
the QCOR long
[08:40 am] Mitch K: APA turning over
[08:59 am] Ed : getting pullback in SPY
[09:10 am] Mitch K: new low
[09:10 am] Mitch K: watching RLJ for bottom
to buy
[09:10 am] Mitch K: RLJ
[09:11 am] Mitch K: just a moment, wait for
bottom
[09:12 am] Ed : 1min chart on left and 2min
chart on right
[09:19 am] Mitch K: CVLT giving good repeated
trades
[09:22 am] Mitch K: not liking ehavior of
RLJ
[09:43 am] Mitch K: i would stay away from
RLJ,
[09:43 am] Mitch K: CLB gave 2 shorts
[09:43 am] Mitch K: what you guys want to
remember is all those stocks we saw earlier
and posted, now they matre 2 hours later on
shrots like WPI
[09:44 am] Mitch K: also HAR was good long
trade
[09:51 am] Ed : SPY approachn hod
[10:18 am] Mitch K: watching DECK
[11:11 am] Ed : SPY trading in a range
[11:24 am] Ed : getting selling in markets
[11:26 am] Mitch K: LOW OF DAY IN SP 500 so
far
[11:54 am] Ed : more selling in SPY
[12:06 pm] Ed : nice pop in SPY
[12:07 pm] Ed : G20 possible coordinated
effort b4 weekend
[12:08 pm] Mitch K: people are believing it,
commodities, stocks, indexes all moving
|
[06:20 am] aussie123 : Anyone have a GOOD
website they use to follow Europe ???
[06:21 am] khall : good morning
[06:22 am] joeytsa :
http://uk.reuters.com/business/markets/europe
[06:22 am] shark : CRM and Twitter have
announced a global strategic alliance
[06:22 am] joeytsa : see if thats what you
are looking for aussie
[06:23 am] aussie123 : Thank you Joe
[06:23 am] shark : PIR -raises guidance for
FY13, sees EPS of $1.08-1.14 from prior
guidance of $1.06-1.12 vs. $1.13
[06:23 am] joeytsa : its delayed, im sure
there are other sites to find on google
[06:24 am] joeytsa : thx shark, KRO had a
decent report
[06:24 am] shark : 🙂
[06:25 am] aussie123 : That is what I have
been encountering…a lot of delay.
[06:26 am] joeytsa : shouldnt really affect
a scalp too much
[06:26 am] khall : shark, do you think the
alliance will save CRM from the “punchbowl of
dealth”? 😉
[06:26 am] joeytsa : if you are holding
overnight, then it makes sense to pay
attention to whats going on around the
world
[06:26 am] khall : death I mean
[06:26 am] eddy : hello all
[06:27 am] parachute %: good morning
[06:27 am] joeytsa : eye on NKE from
yesterday
[06:28 am] eddy : IGY shares buy back up 6
%
[06:28 am] eddy : IGT
[06:29 am] scalpman : Hi Ed
[06:29 am] victor51 : good morning all
[06:29 am] scalpman : GM Traders
[06:30 am] doji : UVXY
[06:31 am] shark : watching GOOG
[06:33 am] joeytsa : watching REGN, from
yesterday also
[06:34 am] mikewd2 -: DNDN
[06:34 am] joeytsa : eye on EW
[06:36 am] mikewd2 -: EW bounced off 85.00
[06:36 am] mikewd2 -: 95.00
[06:37 am] doji : EW Citigroup rises PT to
105
[06:39 am] shark : IGT, nice eddy
[06:39 am] eddy : did u take it shark?
[06:39 am] shark : watching JASO
[06:39 am] mikewd2 -: OPEC oil ministers
wanting to keep current output levels
[06:39 am] doji : Not good for oil prices
[06:40 am] doji : and oil stocks
[06:40 am] shark : watching, eddy
[06:40 am] mikewd2 -: thought that was good,
saudi wanted to increase
[06:40 am] skydiver : watching CRM
[06:40 am] doji : Watching HAR
[06:40 am] shark : keep us posted, sky – CRM
😉
[06:40 am] skydiver : 🙂
[06:42 am] joeytsa : tightent stop on NKE if
short
[06:42 am] skydiver : CRM looking like it
hit bottom soon?
[06:42 am] Ed : SINA partnering with MSFT
[06:42 am] skydiver : thnx ED
[06:42 am] shark : deal with Twitter
& CRM
[06:42 am] joeytsa : thx Ed
[06:43 am] joeytsa : ES holding the 1307
area for now
[06:43 am] mikewd2 -: stopped on HAR long
[06:45 am] shark : long UVXY -stop at b/e
[06:46 am] doji : AVGO
[06:46 am] shark : moving stop to 18.83 –
UVXY
[06:46 am] doji : What is your entry price
in UVXY today Sharky?
[06:46 am] shark : 19.00
[06:47 am] doji : Ok, I got it another piece
at 18.57
[06:47 am] doji : today
[06:47 am] shark : :O Wow! Nice
[06:48 am] joeytsa : VRTX trying to hold
$54
[06:49 am] skydiver : out 1/2 CRM L
[06:49 am] doji : EW consolidating around
95
[06:49 am] shark : all out UVXY
[06:49 am] joeytsa : NFLX weak so far
[06:49 am] joeytsa : yeah doji, see which
way it breaks
[06:50 am] doji : Like ANV better at
30.40
[06:50 am] joeytsa : AAP nice pattern
[06:50 am] shark : die, NFLX, die
[06:50 am] shark : almost $50
[06:50 am] joeytsa : thats your target
shark
[06:51 am] shark : yeahhh! 😉
[06:51 am] shark : u get some CRM, sky?
[06:51 am] skydiver : yes shark
[06:52 am] skydiver : 🙂
[06:52 am] shark : AWESOME!!!
[06:52 am] skydiver : all out of CRM L
[06:52 am] doji : Added UVXY 17.65
[06:52 am] doji : Now full position
[06:53 am] shark : 🙂
[06:53 am] doji : EW
[06:53 am] mikewd2 -: how about 18.65 doji
[06:53 am] joeytsa : FDO hod
[06:54 am] mikewd2 -: VRTX bouncing but low
vol
[06:54 am] joeytsa : CRM with issues at prev
low right now..see if it busts thru
[06:54 am] doji : hahah, yes Mike
[06:54 am] skydiver : L CRM 12.39
[06:54 am] shark : watching Z for poss
top
[06:54 am] skydiver : 126.39 that is on CRM
LK
[06:55 am] skydiver : can’t type today 🙂
L
[06:55 am] joeytsa : hhaha, put the bottle
down
[06:55 am] skydiver : ha ha joey
[06:55 am] doji : Still watching EW
[06:56 am] joeytsa : rigth Mitch, thanks
[06:56 am] doji : SPY hod
[06:56 am] skydiver : out 3/4 CRM L moved
stop up to be
[06:57 am] joeytsa : nice push thru that
prev lo
[06:57 am] doji : SPY pushing higher… any
news?
[06:58 am] mikewd2 -: CJES pushing towards
$19, go baby go
[06:58 am] skydiver : JOY doing nicely
[06:58 am] mikewd2 -: HLF moving up
[06:59 am] doji : Any news moving the
SPY?
[06:59 am] jsn13 : nice move up on EW…
[07:00 am] joeytsa : not seeing anything
doji
[07:00 am] doji : Watching RCL for short
[07:00 am] mikewd2 -: go spy go
[07:01 am] skydiver : stopped out on last
piece of CRM L
[07:01 am] lisas : paddle faster QCOR
[07:01 am] doji : Watchinn LEN for Short
[07:01 am] joeytsa : EW is rolling
[07:02 am] skydiver : all out of JOY L
[07:03 am] skydiver : KORS S 38.77
[07:03 am] shark : UVXY -long 18.23
[07:03 am] skydiver : couldn’t fill KORS
short — no shorts
[07:04 am] joeytsa : that was a nice little
rally
[07:04 am] shark : JCP carries shorts, sky
😉
[07:04 am] joeytsa : haha
[07:04 am] skydiver : thnx shark —
[07:04 am] skydiver : 🙂
[07:05 am] shark : all out UVXY –
.04/cents
[07:06 am] shark : +.04/cents
[07:06 am] joeytsa : grab that side of fries
now 🙂
[07:06 am] shark : lol, yeah!
[07:06 am] Ed : lol
[07:07 am] joeytsa : 🙂
[07:07 am] shark : sweet potato fries, joey
😉
[07:07 am] joeytsa : cheap stores are doing
ok today
[07:08 am] joeytsa : wonder if that an
economic sign?
[07:08 am] skydiver : IGT turned over?
[07:08 am] shark : you calling Tarjeee
cheap?
[07:08 am] joeytsa : they are a nice cheap
🙂
[07:09 am] doji : EW moving higher since the
breakout above 95
[07:09 am] skydiver : GLUU – take over
chatter – low priced stock
[07:09 am] joeytsa : been nice doji
[07:11 am] joeytsa : ES is suing 1315 as a
support,1317 as res areas
[07:14 am] joeytsa : AMZN using $216 area as
res, set alert for break higher
[07:15 am] joeytsa : EW might be getting
tired, be careful
[07:15 am] joeytsa : GS lower highs
[07:15 am] joeytsa : ES testing 1315
support
[07:16 am] go4it : IGT Target?
[07:16 am] skydiver : covering IGT S
[07:16 am] shark : nice sky
[07:16 am] Ed : he mentioned 14.50 area
go4it
[07:17 am] go4it : thx Ed
[07:17 am] skydiver : thnx Mitch on IGT
[07:17 am] skydiver : thnx shark 🙂
[07:18 am] qwert : amzn back at 216
[07:19 am] joeytsa : it keeps trying
[07:19 am] joeytsa : makes sense Mitch
[07:20 am] skydiver : good teaching Mitch –
thnx
[07:20 am] joeytsa : qwert: AMZN still with
issues there
[07:21 am] qwert : watching mjn
[07:21 am] joeytsa : really looking for a
positive push thru 216.20
[07:21 am] qwert : same here joey
[07:21 am] skydiver : ahh – my wife just
brought me breakfast while I’m trading 🙂
[07:22 am] joeytsa : gotta soack up that
wine somehow 🙂
[07:22 am] skydiver : 🙂
[07:22 am] qwert : hahaha
[07:23 am] joeytsa : got some cons going
on
[07:23 am] garyb : Good morning team! Am I
late for the party?
[07:23 am] joeytsa : nat gas # in about
5min, 30yr auction @ 10pst
[07:24 am] joeytsa : EW testing $99, push
thru and maybe $100 draws it liek a
magnet?
[07:26 am] doji : Back from a cal….did I
miss something?
[07:26 am] doji : Garyyyyy!!11
[07:26 am] joeytsa : Italy’s 3yr borrowing
costs spiked to 5.3% at an auction on
thursday
[07:26 am] garyb :
dojjjjjiiiiiiii!!!!!!!!
[07:26 am] doji : Yes, missed the chance to
catch UVXY at lower prices…
[07:27 am] garyb : I went to the dentist
this morning…and was trading on my iphone!
LOL Technology is great!
[07:27 am] doji : I am keeping my full
positiona and day trading also
[07:27 am] joeytsa : ES back into support
[07:27 am] skydiver : too funny Mitch
[07:28 am] mikewd2 -: nice moves both ways on
SINA this morning
[07:28 am] doji : Ed. is SAPE still under
you radar?
[07:28 am] joeytsa : crude touched $83,
pulled back to 82.70 area
[07:29 am] Ed : no passing, slow drift unless
vol picks up on selling
[07:30 am] mikewd2 -: HLF pushing for hod
[07:30 am] joeytsa : UNG spike
[07:30 am] mikewd2 -: nat gas inventores
rise
[07:30 am] mikewd2 -: above expectation
[07:31 am] joeytsa : but what does that mean
for the economy though
[07:31 am] mikewd2 -: not sure why nat gas
jumped along with FST and ohter nat gas
players
[07:31 am] mikewd2 -: maybe less than
expectation????
[07:32 am] joeytsa : no clue
[07:32 am] shark : spike in UVXY
[07:33 am] joeytsa : ES lost support
[07:33 am] mikewd2 -: out UVXY 18.55 nice 35
cent profit
[07:33 am] shark : yeah, Mike!!!
[07:34 am] garyb : congrats Mike!
[07:34 am] mikewd2 -: still in DRI short but
not liking it
[07:34 am] mikewd2 -: JOY hod
[07:34 am] shark : put your stop at hod,
Mike
[07:34 am] shark : or just above
[07:35 am] shark : got a triple test of hod,
DRI
[07:36 am] mikewd2 -: my stop just above
hod
[07:36 am] shark : 😉
[07:36 am] doji : High inventories in oil
and gas mean cheaper price at the pumps;
[07:36 am] doji : howvere not good for oil
and gas stocks
[07:37 am] joeytsa : thanks doji
[07:37 am] totora : clr looks toppy
[07:37 am] mikewd2 -: so why did we get a
jump in oil stocks
[07:37 am] mikewd2 -: FST, CJES, WFT all
hod
[07:38 am] joeytsa : people are
irrational?
[07:38 am] Ed : i thought stocks were
[07:38 am] joeytsa : BIDU testing $118 hod
area
[07:38 am] joeytsa : them too
[07:38 am] shark : lol
[07:39 am] joeytsa : thats why those stock
overreaction are money
[07:39 am] doji : Speculation Mike… just
wait a couple of days….
[07:39 am] mikewd2 -: out DRI short, small
lunch money profit
[07:39 am] scalpman : Watching CVLT
[07:40 am] doji : I agree with Joey… it’s
market’s perception which in exhuberance
disconnects from reality
[07:40 am] mikewd2 -: SLB back to 65.00
[07:40 am] skydiver : got a phone call and
have to go — see you all tomorrow morning –
keep making the big $$$ 🙂
[07:40 am] shark : Saudi Oil Minister saying
there is a need to increase production. OPEC
meeting today!
[07:41 am] Ed : c ya sky
[07:41 am] shark : bye sky!!!
[07:41 am] joeytsa : have a good day sky
[07:41 am] skydiver : 🙂
[07:41 am] lisas : bye sky
[07:41 am] mikewd2 -: all the other ministers
are against it shark
[07:41 am] joeytsa : next week is german
elections i think, G20 and fomc
[07:42 am] shark : nice, joey, thx
[07:42 am] mikewd2 -: WFT approaching 12.50
resistance, died yesterday when it hit it
[07:42 am] doji : Saudi wants to increase
because they don’t want to close the wells; a
well that is closed can get severly damaged.
You don’t want to damage a well that is
producibg 30,000 barrels a day
[07:43 am] joeytsa : union break..see you in
a bit, make some money
[07:43 am] doji : What happens when the
market is flooded with supply?
[07:43 am] doji : obvious answer
[07:43 am] joeytsa : prices do down
[07:43 am] joeytsa : go
[07:43 am] shark : ok joey
[07:43 am] doji : in addition to the issues
in EU which could slow things down
[07:44 am] joeytsa : lots of people worried
about inflation, not much talk about
deflationary cycle
[07:45 am] doji : Ok, no more comments…
we’ll see in the next weeks how things work.
just wait until oil companies report Q2
numbers
[07:45 am] shark : 🙂
[07:46 am] mikewd2 -: got out DRI short too
soon
[07:46 am] mikewd2 -: figures
[07:48 am] shark : MIIIIIKEEEE!!
[07:48 am] doji : I see now, the market
moved higher on Greece elections…
[07:49 am] mikewd2 -: JOY above 56
[07:49 am] doji : Is the pro-EU party
leading the lections in Greece?
[07:51 am] garyb : Is there a way to shut
the pop up window off when Mitch or Ed types
a message?
[07:51 am] doji : It would be great if the
marlket play the same reversal game as
yesterday….
[07:52 am] garyb : probably will doji
[07:53 am] mikewd2 -: taking profits on FST
day trade, +0.16 – see you guys later.
[07:53 am] shark : bye mike! 🙂
[07:53 am] doji : The focus is whether
anti-austerity party Syriza will gather
enough support to form a government,
potentially leading to a fallout with the
European Union over the country’s bailout
terms. Polls are not allowed in Greece in the
last two weeks leading up to an election, but
“secret polls” reportedly point to a victory
for pro-austerity party New Democracy
[07:54 am] Ed : c ya mike
[07:54 am] lisas : bye Mike
[07:54 am] lisas : Thanks doji
[07:55 am] doji : EW hitting VWAP
[08:00 am] doji : See ya in 1 hour
fellas…
[08:01 am] doji : Gary… keep pushing UVXY
higher…
[08:01 am] shark : ok doji
[08:05 am] victor51 : Mitch, thanks for EW.
Made my day
[08:09 am] shark : NOK -wow, sign of
times
[08:11 am] garyb : ok doji..I will push now!
🙂
[08:13 am] shark : UNG spectacular day
[08:15 am] cdougan : gmcr looking for a
bounce
[08:18 am] shark : SPY testing R1 -133.00
level -res.
[08:26 am] gub : yoku – turning up.
[08:28 am] lisas : Yes, QCOR my biggest
winner
[08:28 am] shark : awesome, lisas
[08:29 am] lisas : holding a quarter at
break even until end of day I think
[08:29 am] Ed : way to go go go lis
[08:29 am] Ed : lisa
[08:29 am] lisas : 🙂
[08:29 am] gub : made .30 on QCOR!
[08:30 am] joeytsa : LNKD hod
[08:30 am] shark : FB too
[08:31 am] joeytsa : ES testing 1320
[08:33 am] gub : made .30 each way on short
and then long.
[08:33 am] lisas : good job gub!
[08:33 am] shark : awesome gub! 😉
[08:33 am] Ed : nice going gub
[08:33 am] gub : on ANV
[08:33 am] joeytsa : nice gub
[08:33 am] gub : TY
[08:34 am] gub : I just been breaking even
or losing little every day though.
[08:35 am] gub : I think I have to sell
quicker and take profits.
[08:36 am] Ed : actually thats not a bad
thing gub if ur having small loss and
breaking even mostly, some minor adjustment
when get u across the line. Many traders
starting out lose big and cant get close to
breakeven
[08:37 am] shark : good point, Ed
[08:37 am] gub : But when I look at some of
the charts at day end I see that if I would
of held on I would make more – so I been
working on staying in the position longer.
[08:37 am] shark : me too, gub
[08:37 am] cdougan : me too
[08:37 am] lisas : Great that you are
looking at charts, best way to learn
[08:37 am] shark : from my analysis,
investors win cause they let there winners
run, and cut their losers quickly
[08:37 am] gub : But today I could have made
$ but I figured to stay in longer and ride
it.
[08:37 am] gub : TY – Ed.
[08:38 am] gub : Got stopped out then
[08:38 am] qwert : gub do you scale out of
positions
[08:38 am] Ed : one thing u could do, is take
say 75% of trade off where u do now, and let
25% ride placing stop at breakevn and
gradually trail
[08:39 am] shark : I agree with qwert, Ed
[08:39 am] gub : TY Ed for thst I will try
it!
[08:39 am] joeytsa : gub: if you get stopped
out but the trade is still in play,
re-enter
[08:39 am] cdougan : VELT lower priced
[08:39 am] gub : I haven’t yet scaled out of
positions quert
[08:40 am] gub : qwert
[08:40 am] qwert : you should try that it
will help
[08:40 am] gub : TY joey – I will try.
[08:41 am] joeytsa : only if the original
entry reason is still valid…
[08:41 am] joeytsa : happened to me today on
EW
[08:41 am] gub : Thanks for all these great
ideas.
[08:41 am] gub : Guys
[08:42 am] joeytsa : scaling out is great
also..one day i will try that 🙂
[08:42 am] shark : whaatt ????
[08:44 am] joeytsa : 🙂
[08:45 am] scalpman : Watch GME
[08:45 am] gub : .04 on IGT short Mitch.
[08:46 am] gub : Could of done better but
was letting things ride today.
[08:46 am] doji : Back to the room
felllas
[08:46 am] gub : could of taken 90.00 but
then het my stop.
[08:46 am] gub : $90.00
[08:47 am] scalpman : EArly entry…tight
stop…
[08:47 am] gub : scalpman?
[08:47 am] scalpman : GME
[08:47 am] gub : this is what you do
scalp?
[08:48 am] Ed : nice looking chart for short
GMC rather GMCR
[08:48 am] scalpman : On this one, gub.
[08:48 am] gub : oh.
[08:54 am] scalpman : GME double bottom…or
lower highs…it’s fight!
[08:56 am] Ed : still looks pretty weak, nice
short breakn below 18.19 would not much edge
here
[08:59 am] doji : LNKD pullback
[08:59 am] scalpman : GME holding slight
bounce
[09:01 am] scalpman : reducing GME…
[09:01 am] doji : GME look nasrt on the
daily… hitting 52-week low at 17.65
[09:01 am] doji : nasty
[09:01 am] scalpman : All out small
profit…
[09:02 am] scalpman : Yeah..I wasing hoping
for a little bounce to scalp…probably not
the best choice…
[09:02 am] scalpman : and of course…now it
moves!
[09:02 am] doji : shhhhhhhh
[09:03 am] scalpman : it still looks
down…ah vindicated
[09:03 am] Ed : no biggie though scalp, as a
trader u want to play high probability
trades, they help with % of success and give
better r/r
[09:05 am] Ed : also, every signal does not
make for high probability trade, this is
hardest part for many traders, controlling
the emotions. At times best trade is sitting
on hands
[09:05 am] doji : Hey Ed, I’ll send you a
message by FB today….
[09:05 am] scalpman : Good
points….Ed…thatnks
[09:05 am] gub : TY for great advice Ed –
it’s really been helping now that I’m
understanding what you mean.
[09:06 am] Ed : cool, “my man” i said that in
my Denzel Washington voice
[09:06 am] joeytsa : haha
[09:06 am] doji : hahahaah
[09:06 am] garyb : 🙂
[09:06 am] gub : LOL!
[09:06 am] cdougan : ha
[09:06 am] doji : Don’t tell Lisas please
[09:06 am] Ed : my lips are sealed
[09:06 am] lisas : shhhh I won’t say a
word!
[09:06 am] doji : I got our trip plan to Rio
ready!
[09:07 am] doji : ouchhh Lisas is here
[09:07 am] joeytsa : haha
[09:07 am] shark : lol
[09:07 am] lisas : Professional lurker;)
[09:07 am] gub : I been using the 2 – 3
minute charts last 3 days and it’s been
giving me better confirmations with better
decisions.
[09:07 am] scalpman : GME may be good
tomorrow…I will watch
[09:07 am] doji : Sorry Ed, couldn’t find
the Blond bombshell you asked for but I hava
a backup plan…
[09:07 am] Ed : lol
[09:08 am] joeytsa : doji will wear a blonde
wig??
[09:08 am] lisas : pictures!
[09:08 am] gub : with 1 minute charts I was
jumping the gun.
[09:08 am] qwert : hahaha
[09:08 am] doji : I mean, for the nurse who
will take care of you after your plastic
cirgury
[09:08 am] joeytsa : the 1min will do that
at times gub
[09:08 am] lisas : I do that sometimes also
gub, I have both up on platform
[09:10 am] Ed : those are the forces one
fights in tryn to take stock on left long,
what u would like to see would be
acceleration of selling vol to give that edge
for potential bottom to buy and bouce
[09:12 am] doji : Around 3% drop so far in
RLJ
[09:13 am] gub : TY all guys.
[09:13 am] gub : Great tips.
[09:14 am] gub : up .25 on GMCR with my stop
set in place
[09:14 am] gub : just stoped out made .19
[09:15 am] doji : short?
[09:16 am] gub : long GMCR
[09:16 am] gub : 20.38 buy and 20.57
filled.
[09:17 am] doji : I thought RLJ
[09:17 am] gub : lunchtime
[09:18 am] doji : Volume drying up in RLJ
[09:19 am] doji : staying aside of RLJ
[09:20 am] garyb : Not taking RLJ doji?
[09:21 am] garyb : Yeh looks like ti still
wants to go lower
[09:22 am] garyb : No power ion RLJ..no
volume
[09:26 am] garyb : going for lunch….slow
time now
[09:26 am] Ed : so scalp, what u can look to
do when u look at daily of stock like GME
and it downtrend, and on time frame u trade u
want to keep with trend if slow drift, so u
can short the highs to play the edge. Advance
trading techinque, u draw ur trendlines and
it will depict the highs for u
[09:31 am] cdougan : That’s all for me. Have
a great day everyone. Thanks for the great
calls.
[09:34 am] Ed : c ya cdougan
[09:34 am] lisas : bye cdoug
[09:38 am] Ed : so Obama to speak on economy
again at 1:45 est.
[09:42 am] Ed : hmm, all quiet on the
front
[09:42 am] doji : Oh that is why market is
moving… last time it did the same
[09:44 am] chinhngo : biib all day hod can i
short or buy put?
[09:46 am] Ed : too strong chinhngo
[09:47 am] Ed : its trading at all time high
aslo
[09:47 am] Ed : also
[09:48 am] Ed : if u must short it, I would
wait for reversal on daily b4 considering
short intraday
[09:48 am] doji : Oil moving up
[09:49 am] khall : OPEC keeping quotas the
same
[09:49 am] mikewd2 -: that was good to
hear
[09:50 am] Ed : how long was the meeting
doji?
[09:51 am] doji : What meeting?
[09:51 am] Ed : u were in the OPEC meeting
[09:51 am] doji : hahahaha
[09:51 am] doji : yes, serving coffe
[09:52 am] Ed : yea right, I know u like to
keep it modest
[09:52 am] doji : Tip must be very good
[09:52 am] khall : NKE a slow ride down
today
[09:53 am] jsn13 : Ed, is there a morning
star buy signal on BIIB? looks like it has
already put in bottom….with the vol and
spy…
[09:54 am] Ed : which timefremae
[09:54 am] jsn13 : thinking of taking it
long at at higher low on 1min….
[09:54 am] Ed : to much risk here, would wait
on pullback
[09:55 am] jsn13 : as in thinking of getting
it at the pull back…on a higher low…
[09:56 am] Ed : speaking on market structure
great
[09:57 am] Ed : would see how pullback into
area of consolidaiton, if we get it
[09:57 am] jsn13 : ok thanks….
[09:58 am] Ed : so far it has been riding
that 20ma and 50ma on 1min
[09:59 am] jsn13 : looks like downtrend
still holds…
[09:59 am] Ed : u mean the uptend
[09:59 am] Ed : uptrend
[10:00 am] jsn13 : would u take it long if
higher low formed?
[10:01 am] Ed : hey chinhngo u get my comment
on BIIB
[10:02 am] gub : was there a hammer that
just occureed on NKE and what does this
mean?
[10:03 am] Ed : which time frame gub u
speakn?
[10:03 am] qwert : gub thats not a hammer
[10:07 am] gub : 13.03 est
[10:07 am] gub : NKE
[10:07 am] doji : The SPY has been slowly
drifting higher today
[10:08 am] mikewd2 -: Allen Stanford
sentenced to 110 years
[10:08 am] mikewd2 -: finally some justice
[10:12 am] Ed : agree with qwert gub
[10:12 am] gub : TY
[10:13 am] gub : qcom
[10:14 am] doji : NKE approcahing 100
[10:14 am] doji : hitting 200DMA
[10:15 am] victor51 : QCOM dropping fast.
Any news?
[10:16 am] gub : yea victor I just made .30
on QCOM drop.
[10:17 am] doji : Short/Long Gub?
[10:17 am] gub : short
[10:17 am] doji : What time and what price
you got it?
[10:19 am] gub : 56.57 1:11 to buy to cover
at 1:14 at 56.27.
[10:19 am] doji : so what triggered your
short?
[10:21 am] doji : The only thing that could
have triggered a short for me was that
trendline support.
[10:21 am] doji : broken by a candle at
13:13PM
[10:21 am] gub : was up on screen and seen
candles with vol
[10:22 am] gub : set tight stop and kept
dropping
[10:22 am] jsn13 : and broke lod….weak
compared to SPY….
[10:22 am] doji : I don’t see volume
increase at 1:11
[10:22 am] mikewd2 -: GMCR sick
[10:24 am] doji : Sorry Gub but that is only
me… I just need to have an edge to
trade.
[10:25 am] gub : I’m still learning and
maybe just lucky today.
[10:26 am] jsn13 : Ed, did u trade QCOM? how
do u handle it if so?
[10:27 am] Ed : did not trade it, wanted more
selling down to 55.8ish area
[10:27 am] jsn13 : ok thanks….
[10:28 am] victor51 : QCOM Long at 56.20
[10:31 am] gub : vic – how many shares?
[10:32 am] victor51 : 200
[10:32 am] gub : way to go!
[10:32 am] gub : I got it long now.
[10:33 am] victor51 : Switched from 1 to 2
min. chart for qcom. better reading
[10:36 am] doji : QCOM here at trendline
resistance
[10:36 am] gub : what does this mean stock
will do doji?
[10:37 am] gub : vic tour killing QCOM
[10:37 am] gub : still riding it vic?
[10:38 am] gub : going up as fast at it went
down – qcom
[10:42 am] victor51 : out 1/2
[10:48 am] Ed : nice trade victor
[10:49 am] gub : you the man vic!
[10:50 am] victor51 : Ed Thanks. I am still
doing morning trades in Sim. and take live
trades after 9:00 am pst
[10:50 am] Ed : cool
[10:52 am] gub : same here vic – I’m
swithcing back and forth too.
[10:53 am] victor51 : Doji, is 10:47 good
dogi signal or ave. signal for QCOM?
[10:54 am] doji : Sorry Victor, I had to
leave
[10:54 am] victor51 : bye Doji. I will be
off tomorrow
[10:57 am] victor51 : Ed, looks like 10:47
dogi signal is working fine for QCOM. Can you
expand on it please?
[10:58 am] Ed : at :46 time
[10:59 am] victor51 : yes
[11:00 am] Ed : doji just signifies that
bull/bears are equal neither one has upper
hand at that time
[11:01 am] qwert : NKE trying to hold 200sma
daily
[11:02 am] Ed : how is it useful, if ur long
a stock and u see it in uptend, just a heads
up that stock could be running out of steam,
same holds true for downtrend,
[11:03 am] gub : TY Ed for the tip on
doji.
[11:03 am] Ed : it could also be resting for
resumption, so trader has to interpret other
factors like, vol, indicators,etc
[11:04 am] victor51 : ED, makes lot of
sense. Thanks
[11:04 am] lisas : What I got from reading
Nisson on candles is that many are meaningful
or not depending on context, it after a
trend, at a predictive level of S or R.
[11:05 am] gub : TY lisas
[11:05 am] qwert : same here lisa
[11:06 am] Ed : exactly trader has to
interpret other factors
[11:06 am] eddy : victor which sim u r
using?
[11:06 am] gub : the other factors is what
fools me the most right now.
[11:07 am] gub : sometimes don’t considr
them
[11:08 am] gub : by being here I get
reminded of them of which I thnx all here who
help me and others.
[11:08 am] victor51 : Yes Lisa, I agree and
helps on R and S
[11:08 am] qwert : NKE weak against spy
[11:09 am] doji : NKE could brake below 100
today
[11:11 am] mikewd2 -: deck breaking down
[11:12 am] murano : BCR
[11:13 am] lisas : thanks murano
[11:14 am] mikewd2 -: NKE nearing 100
[11:14 am] mikewd2 -: broke 100
[11:14 am] doji : NKE
[11:19 am] gub : TY doji on NKE.
[11:20 am] joeytsa : HUN quick spike
[11:21 am] doji : Watching QCOM
[11:25 am] doji : Go UVXY
[11:25 am] garyb : Yes!
[11:26 am] joeytsa : AMZN testing lod, prev
low close
[11:27 am] doji : I have 1314 as lod for SPC
Mitch
[11:27 am] joeytsa : i dont have lod on
s&p yet?
[11:27 am] joeytsa : i have 1307 on the ES,
its at 1317 right now
[11:28 am] Ed : matbe he meant broke low of
trading range 🙂
[11:28 am] Ed : good anwser, good answer
[11:28 am] Ed : survey says
[11:29 am] joeytsa : one too many Tsingtao
🙂
[11:29 am] doji : He must be taking a nap
[11:29 am] Ed : lol
[11:30 am] doji : go UVXY go
[11:31 am] garyb : yes!
[11:32 am] shark : YESSS!!
[11:32 am] qwert : Ed have you traded HUN
[11:32 am] doji : ?
[11:33 am] shark : UVXY long, go!
[11:33 am] Ed : no just watching
[11:34 am] qwert : i jumped in n out made
4.00 🙂
[11:34 am] Ed : cool, green is good
[11:34 am] joeytsa : $4 total??
[11:35 am] qwert : yeah my best trade of the
day joey 🙂
[11:35 am] joeytsa : haha
[11:35 am] qwert : haha
[11:35 am] joeytsa : better than a $4 loss i
guess
[11:35 am] qwert : yep
[11:35 am] joeytsa : i think wmt starts at
$7 🙂
[11:36 am] joeytsa : plus you get a fancy
nametag
[11:36 am] Ed : had a price set 12.96 and
13.10 never got chance to move it down or put
prices in announcement
[11:36 am] qwert : its acting like a legit
rumor yeah?
[11:36 am] Ed : it is
[11:37 am] joeytsa : did anyone see the
story?
[11:37 am] joeytsa : boa shops HUN to pe
firms
[11:37 am] victor51 : qwert, geat job. it’s
on HUN?
[11:37 am] Ed : i heard it sounded like
charlie brown talking, lunch made me
slooooooow
[11:38 am] joeytsa : haha
[11:38 am] qwert : hahaha wahwahwah
[11:38 am] joeytsa : just like my wife
[11:38 am] Ed : yea lol
[11:41 am] Ed : u get the long joey
[11:41 am] joeytsa : in HUN, no..left it
along
[11:41 am] joeytsa : aone
[11:41 am] joeytsa : alone
[11:41 am] lisas : lol
[11:41 am] Ed : we will start having AA
meetings on friday
[11:41 am] joeytsa : its holding this 12.50
area though
[11:41 am] joeytsa : i’ll bring the
sambuca
[11:42 am] Ed : lol
[11:42 am] qwert : ill bring the mojitos
[11:42 am] Ed : too funny
[11:42 am] joeytsa : been a long time since
i had a drink
[11:42 am] lisas : sim trading is so much
more fun, I”m long BCR, NKE, QLD FDO, short
HUN and gold, lol
[11:42 am] shark : doji?
[11:43 am] joeytsa : and you dont lose real
money
[11:43 am] Ed : and ur up 5 million for the
day
[11:43 am] lisas : exactly
[11:43 am] qwert : you and pandozi
[11:43 am] joeytsa : by the way: happy Flag
Day to everyone
[11:43 am] shark : YEAHHH!!! Thx, joey
[11:44 am] qwert : you too joey
[11:44 am] mikewd2 -: joey: u hear from IIan
today?
[11:44 am] joeytsa : yeah
[11:45 am] Ed : cool
[11:45 am] joeytsa : app already sent
[11:45 am] doji : QCON nice double bottom
rebound in V patter
[11:45 am] doji : QCOM
[11:45 am] shark : DOJIIII??
[11:45 am] doji : Hey Joey
[11:45 am] mikewd2 -: great
[11:45 am] doji : Did you watch CNN
yesterday?
[11:45 am] shark : sent you an email,
doji
[11:46 am] doji : Ok
[11:46 am] shark : involves lots of $$$$$
[11:46 am] shark : time sensitive
[11:46 am] lisas : nke still has fleas
[11:46 am] doji : Gib, that is an edge to go
long in QCOM
[11:46 am] doji : Gub
[11:46 am] gub : yes
[11:46 am] doji : Joel, Did you watch CNN
yesterday?
[11:47 am] doji : all out QCOM
[11:47 am] doji : JOEEEEEEEELLLLLLLLLL
[11:47 am] joeytsa : what was on CNN
[11:47 am] joeytsa : besides erin burnett
🙂
[11:48 am] mikewd2 -: yeah
[11:48 am] doji : MExical cartel involved in
Horse racing in Tulsa, OK
[11:48 am] mikewd2 -: yeah i saw that doji
[11:48 am] joeytsa : saw that earlier in the
week..shark sent me a link, but the
horseracing forum I am on had it quicker
[11:49 am] doji : Goioooooolll
[11:49 am] joeytsa : SODA selling off
[11:49 am] doji : Spainnnn
[11:49 am] joeytsa : im watching it doji
[11:50 am] shark : 🙂
[11:50 am] doji : hahah
[11:50 am] joeytsa : spain only playing with
7 guys…they cant afford a full team 🙂
[11:50 am] doji : wowo SODA
[11:51 am] garyb : lol Joey!
[11:51 am] mikewd2 -: see if FST will give me
another good daytrade L 7.09
[11:51 am] doji : SODA holding 20DMA
[11:52 am] mikewd2 -: gary you still have
UVXY?
[11:53 am] doji : FST within it 30min OR
Mike
[11:53 am] mikewd2 -: ?
[11:54 am] doji : 30min Open Range
[11:54 am] shark : PCLN broke thru
10,21,100day
[11:54 am] mikewd2 -: bottom of the opening
range, yes
[11:54 am] jsn13 : Anyone take soda long?
[11:54 am] doji : 7.03 to 7.10 Mike
[11:54 am] lisas : virtually long
[11:55 am] joeytsa : mike: app approved
already
[11:55 am] doji : hahahaha nice Lisas
[11:55 am] mikewd2 -: your right doii
[11:55 am] joeytsa : you reading 50 shades
also lisa haha
[11:55 am] lisas : actually, real money to
be made here, but hit target for day
[11:55 am] lisas : so play money time
[11:56 am] lisas : good practice on these
fast drops
[11:56 am] doji : Mkie, using the 30min OR
in HAL, SLB and WFT has helped me a lot…
[11:56 am] mikewd2 -: nice liss
[11:56 am] Ed : thx Sir Doji for SODA
[11:56 am] lisas : yeah doji!
[11:56 am] jsn13 : Where did u enter soda
long, Ed?
[11:56 am] doji : Joey put in here, I just
mentioned the S/R levels
[11:57 am] Ed : 2:52 @ 33.37
[11:58 am] jsn13 : 2.50 and 2.51 bar as
signals? rejection plus peak volume?
[11:58 am] doji : Nice, afeter it didn’t
make lower lows
[11:58 am] shark : nice Ed
[11:58 am] joeytsa : Egan Jones cuts France
to BBB-
[11:58 am] jsn13 : Nice doji another good
observation…
[11:58 am] Ed : no i just use 2:51 as
signal
[11:59 am] jsn13 : what signal is thta?
[11:59 am] doji : The spinning candle?
[11:59 am] Ed : SPain is down to CCC by
fitch, they should have new one for FFF-
[11:59 am] Ed : yes
[11:59 am] shark : agreed, Ed!
[11:59 am] joeytsa : yeah Ed
[11:59 am] doji : Spain is up 1 to 0 versus
Ireland Ed!
[11:59 am] jsn13 : spinning candle means?
indecision?
[11:59 am] doji : hahaha
[11:59 am] joeytsa : it will get there
[12:00 pm] shark : yes jsn
[12:00 pm] Ed : just comes from chart study
on that one jason, I have seen it on more
than 1000’s of charts
[12:00 pm] doji : France downgraded to
BBB
[12:00 pm] jsn13 : me to….juz that not
sure how to utilize it….
[12:01 pm] doji : long dropp red candle +
increase volume + spining candle
[12:01 pm] Ed : back test it and start to
trade it when u see
[12:01 pm] doji : and 5% drop from 34.4…
all signals were there
[12:01 pm] mikewd2 -: nice vol spike on
DECK
[12:02 pm] jsn13 : sure…im wondering like
does the 2.50 and 2.51 candles combined look
like bullish harami….but i like the peak
vol though…’=
[12:02 pm] Ed : if u have seen it 1000’s of
times in chart and it bottoms, trust ur gut,
set stop enter and see where it takes ya
[12:02 pm] doji : 34.9 sorry
[12:02 pm] shark : jsn- candles are less
reliable on 1min
[12:03 pm] Ed : ur reading too much into it
jsn
[12:03 pm] shark : much less
[12:03 pm] shark : work better on daily and
weekly charts
[12:03 pm] shark : agreed, Ed!
[12:03 pm] doji : Price Action is the
“key”
[12:03 pm] jsn13 : ok i see….cos i see
something that im familiar with but candles
did not give me signal…decied not to take
it…
[12:03 pm] shark : and volume secondary
[12:04 pm] jsn13 : ok got it
guys….thanks….
[12:04 pm] shark : 😉
[12:04 pm] joeytsa : jsn: eventually you
will get to the point where you see
everything at once
[12:05 pm] mikewd2 -: jason, you didn’t go
long on soda?
[12:05 pm] eddy : how can i learn price
action?
[12:05 pm] joeytsa : like Ed said: look at
1000’s of charts
[12:05 pm] jsn13 : like i said, saw
everything but the candles did not give me
signal….so did not take it….
[12:05 pm] Ed : when u study the charts over
and over, u will begin to see lot of
similarities, then make sure it meets
parameters, selling off with high vol, etc,
then enter with stop and manage it. Once u
have done all study later u can get in to the
nuts and bolts of what makes it do what do
[12:06 pm] doji : wow SPY
[12:06 pm] joeytsa : exactly Ed..worded
perfectly
[12:06 pm] garyb : Blasting!
[12:06 pm] mikewd2 -: the long exhaustive
candle wasn’t clera? with volume?
[12:06 pm] garyb : not good for our UVXY!
lol
[12:06 pm] lisas : wow, wish I was trading
live
[12:06 pm] doji : News?
[12:06 pm] garyb : Did a certain team
win??
[12:06 pm] doji : Any news?
[12:06 pm] jsn13 : thanks guys for the
advices…
[12:06 pm] joeytsa : jsn: also, sometimes
not everything lines up
[12:07 pm] joeytsa : maybe only 4 of 5
factors signal
[12:07 pm] jsn13 : got it joey….thanks for
the reminder…
[12:08 pm] mikewd2 -: UVXY dieing
[12:08 pm] lisas : figured it had to be some
significant news
[12:08 pm] joeytsa : jsn: i ended up not
taking SODA…
[12:08 pm] joeytsa : but in our talking, you
tell me where i would have taken it?
[12:08 pm] doji : Watching fro shorts…
[12:09 pm] mikewd2 -: out DECK plus $1
[12:09 pm] jsn13 : joey, the higher low at
12pm pst…
[12:09 pm] joeytsa : nice mike
[12:09 pm] joeytsa : bingo..when it
re-tested that pivot s/r area
[12:09 pm] jsn13 : congrats mike….
[12:09 pm] mikewd2 -: out FST L, nice 1.5%
[12:10 pm] joeytsa : esp if i had missed the
bottom
[12:10 pm] mikewd2 -: i’ll take it
[12:10 pm] jsn13 : yup joey…the S2…
[12:10 pm] lisas : Hope the live traders did
well, my sim platform is going crazy hitting
all my targets, lol
[12:10 pm] joeytsa : its one of my favorite
patterns
[12:10 pm] Ed : lisas is up 10million now
[12:11 pm] doji : Mine too… all my alarms
just triggered at the same time
[12:11 pm] lisas : ooh, I wish
[12:11 pm] lisas : might be some shorts
coming up I guess
[12:11 pm] jsn13 : joey, most of the bounces
move higher from the 1st higher low….
[12:12 pm] joeytsa : not sure if most do,
but its not a bad place to enter if you miss
the first move
[12:12 pm] jsn13 : hun
[12:13 pm] mikewd2 -: DECK S 47.12
[12:13 pm] joeytsa : you mean 48.12?
[12:14 pm] mikewd2 -: yes sorry
[12:14 pm] mikewd2 -: 47.12 was previous long
– haha
[12:14 pm] joeytsa : good trading
[12:15 pm] victor51 : Ed, 2:51 candle had
delta of .80. + capiluation for a day? what
do you call that candle
[12:17 pm] doji : UVXY long 17.13
[12:17 pm] doji : held 17 very well
[12:18 pm] garyb : yes doji I agree
[12:19 pm] mikewd2 -: nice doji
[12:20 pm] doji : Sweeeeeeettttttttt
[12:20 pm] doji : out 1/2 UVXY
[12:20 pm] garyb : It’s like being on a
rollar coaster today! We just don’t know
when we go up or down!
[12:20 pm] shark : lol
[12:20 pm] garyb : good one doji! Send me a
beer buddy!
[12:21 pm] doji : The SPY needs to breakdwon
here to add on UVXY
[12:21 pm] garyb : Brazilian beer!
[12:21 pm] doji : with or without companion
Gary?
[12:22 pm] garyb : lol
[12:22 pm] doji : KORS
[12:22 pm] garyb : ok with Companion…but
my wife may give me a patta de koolo!!
[12:23 pm] doji : KORS 36.9 support
[12:23 pm] mikewd2 -: missed my entry price
on KORS by 2 cents
[12:24 pm] jsn13 : doji, for ur UVXY, where
did u enter?
[12:24 pm] jsn13 : I mean which bar….saw
ur price…
[12:25 pm] doji : 3:16PM Jason when it made
higher lows…
[12:25 pm] jsn13 : thw bar after doji?
[12:26 pm] jsn13 : the higher high?
[12:26 pm] doji : Just saw the price action
and the support at 17 Jason…
[12:26 pm] Ed : hey victor, u get chance
would go to youtube and place steve nison
candlestick and it wiill give some great
educational info
[12:26 pm] doji : that was all
[12:27 pm] doji : Jason, tradin is not like
math… there are several exceptions that you
have to take from time to time
[12:27 pm] doji : one of them is “guts”
[12:27 pm] jsn13 : ok thanks doji….juz
wanna check ur time with my time on
ninja….my 3.16 is the green bar after
doji….how bout u?
[12:28 pm] victor51 : Ed, i have watched few
but will spend more time. Thanks
[12:28 pm] doji : Mine is the second red
candle… kind of ahhmer
[12:28 pm] doji : green
[12:28 pm] doji : third green candle
[12:29 pm] jsn13 : doji, i juz wanna have
the materials clear….when i pull out my
guts….i often go in too early….
[12:29 pm] jsn13 : im always too
agressive….and ed would tell me i have no
signals yet….
[12:29 pm] doji : You will get there Jason,
you are a smart kid
[12:29 pm] jsn13 : so i rather wait and make
some analysis….will speed up later
on….
[12:30 pm] jsn13 : so now i will ask all
sorts of questions….i wanna make sure i
learn trading well….made too many mistkaes
in the past….
[12:31 pm] Ed : question for newbies, how
much time have u spend each night studying
charts? or how much time?
[12:31 pm] jsn13 : at least 2hrs per
day….
[12:32 pm] jsn13 : plus normal trading
time….
[12:32 pm] eddy : i work on this 12 hrs a
day including trading time
[12:32 pm] eddy : 10 to 12 to beexact
[12:32 pm] mikewd2 -: your ready jason, just
got to pull the trigger and start making some
trades
[12:32 pm] Ed : speakn of only dedicated time
to study
[12:32 pm] eddy : at least 3 to 4 hrs a
day
[12:33 pm] mikewd2 -: vol spike on GMCR
[12:33 pm] eddy : nd im nt there
[12:33 pm] mikewd2 -: nearing 20.00
[12:33 pm] jsn13 : mike i have 14 trades
today….
[12:33 pm] mikewd2 -: nice jason, didn’t
realize – great
[12:34 pm] jsn13 : had 8 yesterday….on avg
10 trades per day….
[12:34 pm] doji : Still riding SODA…
nice
[12:34 pm] Ed : just curious
[12:34 pm] mikewd2 -: wow, maybe too many
then.
[12:34 pm] mikewd2 -: haha
[12:34 pm] jsn13 : haha….mostly losers…
🙁
[12:34 pm] doji : and waht is your % of
winners vs. loosers
[12:35 pm] jsn13 : like 20% winners….
[12:35 pm] mikewd2 -: not good
[12:35 pm] jsn13 : maybe i jump on the
losers….it’s very bad….
[12:35 pm] joeytsa : 20% winners means you
need 5:1 to break even
[12:35 pm] jsn13 : haha….but im
experimneting with very small
positions….
[12:35 pm] joeytsa : money being equal that
is
[12:36 pm] doji : Didn’t realiz the SPY is
almost 1% up today
[12:36 pm] jsn13 : that is why i asked alot
of questions…had probs in selection…
[12:37 pm] jsn13 : dojie, how do u exit
SODA?
[12:37 pm] jsn13 : *doji
[12:37 pm] doji : Haven’t yet Jason
[12:38 pm] jsn13 : still have full position?
very nice…
[12:38 pm] mikewd2 -: i haven’t exited mine
either Jason
[12:39 pm] doji : Market is betting on the
central banks action….
[12:39 pm] mikewd2 -: almost did when the
50ma was breached
[12:39 pm] mikewd2 -: my target on soda was
34.97
[12:39 pm] mikewd2 -: currently
[12:39 pm] jsn13 : how do u guys judge when
to exit? stop at break even now or u guys
trail it up?
[12:40 pm] joeytsa : keep trailing
[12:40 pm] mikewd2 -: when it broke the 20
and then the 50, i kept moving my stops up
[12:41 pm] mikewd2 -: my stop right now is
34.41
[12:41 pm] mikewd2 -: which is up $1
currently
[12:41 pm] qwert : jsn i sell 1/2 to 3/4 at
first area of resistance and then just bump
stop below each area of support as it moves
up
[12:41 pm] mikewd2 -: i’m out now 34.85
[12:41 pm] jsn13 : very nice
mike….congrats…
[12:42 pm] mikewd2 -: best one of today for
me
[12:42 pm] qwert : nice trade mike
[12:42 pm] jsn13 : qwert, where is ur 1st
area of resistance?
[12:42 pm] mikewd2 -: FST keeps giving these
nice 1.5% gains,
[12:42 pm] doji : Long UVXY again at
17.04
[12:43 pm] qwert : i didnt trade soda jsn
but would depend on where i opened the
position
[12:43 pm] jsn13 : ok thanks qwert….
[12:44 pm] mikewd2 -: vix down 7.75% today
[12:46 pm] mikewd2 -: sure would like to see
WFT stay over 12.50 for close
[12:46 pm] eddy : doji still in uvxy?
[12:46 pm] Ed : take a look at charts KORS on
left and SODA on right, see any similarities
in bottom forming
[12:47 pm] mikewd2 -: doji, did you dump
soda?
[12:47 pm] jsn13 : the peak volume….
[12:47 pm] qwert : yep
[12:47 pm] lisas : shark, you still here?
[12:47 pm] jsn13 : then indecision after the
peak volume bar with lower volume…
[12:47 pm] qwert : big candles, big
volume
[12:48 pm] jsn13 : thanks ed….very direct
comparison….
[12:48 pm] Ed : this is what I did, I kept
studying 1000’s of charts litterally and I
would tunr them upside down, and gues what
shows great short pattern
[12:48 pm] Ed : aapl on right
[12:49 pm] jsn13 : how did u trade DPS ed in
the am?
[12:49 pm] eddy : ok Ed if u go back to
KORS
[12:50 pm] jsn13 : this one was tricky i
guess…
[12:50 pm] Ed : those bars too much risk to
trade unless u got the bottom
[12:50 pm] Ed : so ok to pass
[12:50 pm] jsn13 : thats y i avoided
it….
[12:50 pm] eddy : I Wud have taken the trade
but most certainly gone out on the third nnd
fourth red bars#
[12:50 pm] jsn13 : i passed…
[12:50 pm] eddy : how wud we know that it
wud continue climbing#
[12:51 pm] Ed : lets look at larger
timeframe
[12:51 pm] eddy : u got my question?
[12:51 pm] Ed : 5min to the right
[12:52 pm] Ed : no sell signall yet on
5min
[12:52 pm] Ed : u see that eddy
[12:52 pm] eddy : but wat wud be a sell
signal?
[12:53 pm] eddy : a red bar?
[12:53 pm] Ed : that or watch ur
stochastics
[12:53 pm] eddy : on the 5mns?
[12:53 pm] jsn13 : i think a sell signal is
forming….haveing prob with 38
resistance….
[12:54 pm] Ed : what u do is u trade on ur
1,2,3 min, then glance at 5min to help u
stay in trade longer
[12:54 pm] qwert : bye everybody cya in the
am thx for the great calls
[12:54 pm] Ed : see on 1min we got sell
signal, still forming on 5
[12:54 pm] Ed : cya qwert
[12:55 pm] khall : bye qwert
[12:55 pm] joeytsa : bye qwert
[12:55 pm] eddy : ya got thaat
[12:55 pm] eddy : how do u identifyt the
bottom?
[12:55 pm] jsn13 : see ya qwert…
[12:55 pm] eddy : u need 3 consecutive green
bars to confirm?
[12:56 pm] mikewd2 -: cu guys tomrw.
[12:56 pm] eddy : bye mike
[12:56 pm] Ed : depends on what time frame ur
using, but what u would like to see is
sellerrs disipate and buyers come
[12:56 pm] joeytsa : bye mike
[12:56 pm] eddy : i know wat my problem
is
[12:57 pm] eddy : it is managing the
trade
[12:57 pm] eddy : anyway
[12:57 pm] lisas : bye everyone, have a
great night
[12:57 pm] eddy : will work on this
[12:57 pm] eddy : bye lisa
[12:57 pm] Ed : u like getting out early so
to speak
[12:57 pm] joeytsa : bye lisa
[12:57 pm] khall : bye guys – thanks for the
great day …
[12:57 pm] eddy : yes
[12:57 pm] doji : Bye guys
[12:57 pm] garyb : Bye Katrina!
[12:57 pm] eddy : nd the reason is that i
concentrate on nt losiing
[12:57 pm] Ed : maybe work on tryn to break
ur trade up or scale out as they say
[12:57 pm] garyb : See you dojjjiiii
[12:58 pm] joeytsa : bye katrina
[12:58 pm] eddy : cos im way in the red
nw
[12:58 pm] doji : Tomorrow I;ll cnnected
only 1 hour, next weekk I;ll be travelling
[12:58 pm] eddy : so im losing
objectivity
[12:58 pm] Ed : got it
[12:58 pm] eddy : anyway
[12:58 pm] eddy : it better improve soon
[12:58 pm] eddy : take care all
[12:58 pm] eddy : see ya tom
[12:59 pm] joeytsa : Thanks Mitch, Ed,
everyone…see you in the morning
[12:59 pm] Ed : remind me 2morrow we will
talk about it
[12:59 pm] Ed : eddy
[12:59 pm] Ed : c ya joey
[12:59 pm] eddy : sure wud luv some
advice
[12:59 pm] jsn13 : bye joey
[12:59 pm] Ed : remind me when it is slow
2morrow
[12:59 pm] eddy : ok sure
[12:59 pm] Ed : like 3:30est
[12:59 pm] eddy : ok
[01:00 pm] Ed : have a great night traders
[01:01 pm] jsn13 : U too ed…
[01:01 pm] victor51 : Good night all and i
will see you on Monday. Travelling
tomorrow
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