[06:41 am] Ed : SPY new lod
[06:42 am]
Mitch K: watching for sell point on CME, sell
gradually any long position soon
[06:44
am] Mitch K: still watching FRAN for
bottom
[06:45 am] Mitch K: watching TNA
for bottom to buy
[06:47 am] Mitch K: TNA
turning up
[06:47 am] Mitch K: watching
TEX closer
[06:48 am] Mitch K: early buy
signal FRAN
[06:48 am] Mitch K: SPY
turning up
[06:49 am] Mitch K: consider
covering PCAR
[06:51 am] Mitch K: TNA is
leveraged 3 to 1; watch SPY at same time next
to TNA chart. have to reset my
computer
[06:57 am] Ed : nice bounce
inSPY
[06:58 am] Mitch K: watching NOV for
top to sell long
[07:00 am] Mitch K: try
for best price to sell
[07:00 am] Mitch K:
TNA toppy
[07:06 am] Mitch K: see if MJN
makes new highs
[07:06 am] Mitch K:
watching MJN for 2nd helping short
soon
[07:06 am] Mitch K: monitor CLF for a
top, just watching, strong right now, just
monitoring, no trade idea yet
[07:10 am]
Mitch K: expecting some pullback in SPY and
that would help any shorts
[07:12 am]
Mitch K: FDX strong even after lowered
outlook by company
[07:12 am] Mitch K:
little surge in buying here.
[07:13 am]
Mitch K: i only like TNA as a long and i
avoid that for shorts,
[07:15 am] Mitch K:
DVA turning over
[07:17 am] Mitch K: FDX
toppy
[07:19 am] Ed : for Advanced traders
would short the bounces in BIDU, also monitor
next day or 2 for break of 109.79 with vol.
setting up bear cup on 15min
[07:23 am]
Mitch K: little toppy here on YELP
[07:23
am] Mitch K: monitoring YELP, too strong to
short yet but looking for quick micro short
if it keeps moving like this
[07:26 am] Ed
: SPY new hod
[07:33 am] Mitch K: not
expecting YELP to break down big, already
happy with profits so far but waiting for
signal
[07:34 am] Mitch K: getting sell
signals with SPY as well
[07:35 am] Mitch
K: ok when you see a lower low like YELP
gave, generally speaking you want to hold
that short open but still not expecting a big
breakdown
[07:36 am] Mitch K: ok see this
candle here, current candle, is lower low,
you now see it accelerate on
downside
[07:39 am] Mitch K: consider
covering YELP
[07:42 am] Mitch K: that
microtrade short on YELP is a lot easier to
get with Lightning chart. was hard to
get that trade before. only 1% but
still money in the bucket
[07:43 am] Mitch
K: now when i look at FDX, i would anticipate
some support around 86.30 area but i like to
wait for at least an early signal to buy
before covering short. your
expectations of profits should be smaller
profits now
[07:45 am] Mitch K: very early
buy signal on FDX
[07:47 am] Mitch K: i
tend to ignore the very early signals, you
will make more money over time by waiting for
a formal signal
[07:48 am] Mitch K: when
you have a trend going on a stock, esp the
large cap leaders that are moving on high
vol, i tend ignore the early
signals
[07:50 am] Ed : covering 3/4 on
BIDU short
[07:50 am] Mitch K: also, you
want to watch the indexes alongside and keep
that chart in same place all day, everyday,
so your head just snaps to that spot when you
want to know what the overall market is
doing. if SPY is going down like it is
now and FDX is heading down, its more of a
reason to ignore any early signal
[07:57
am] Mitch K: hey shark, the story on MNST is
very often the same as many beverage
companies over last 20 years ive
watched. THey have this big growth
curve and they turn into a momentum stock,
sometimes for 12-18 months. SNapple was
same way when i think quacker oats bot them
in mid 90s, a generic soft drink maker that
did private labeling, the list is long. the
clue you look for in a momentum stock like
when MNST moved up from 48 to 78 in five
months is a big volume spike down.
maybe even on a weekly chart and you should
sell right then. look at a weekly on
MNST and the June 29th week is what i am
referring to. it should be a discipline just
to leave, take profits and then you change
your strategy with MNST into day trading
stock for a couple of days on that
volatility
[08:06 am] Ed : trailing stop
on last 1/4 BIDU short
[08:11 am] Mitch K:
buy signal on NTES if anyone is short good to
cover
[08:15 am] Mitch K: there is that
86.30 support level i was talking about on
FDX
[08:16 am] Mitch K: watching LULU for
a microtrade short, not ready
though
[08:39 am] Ed : nice one on
RGR
[08:42 am] Ed : nice call qwert on DVA
gave great longt
[08:45 am] Mitch K:
soryr
[08:45 am] Mitch K: 2m
[08:45 am]
Mitch K: sorry scalpman, i didnt see your
message. yes LULU had sell signal at
832am pacific time
[08:47 am] Ed : nice
qwert alert long/short on DVA
[09:03 am]
Ed : anyone still short DVA?
[09:10 am] Ed
: nice trade eyes
[09:51 am] Ed : monitor
CLF, if we get another push in SPY look
for quick move with strong vol to take 34.50
as long
[09:52 am] Ed : must have STRONG
vol on the move
[09:57 am] Mitch K: it is
a simple chart setup to trade for CL.
you are looking for these bigger moves like
this
[09:57 am] Mitch K: this is not a buy
recommendation, just looking at how CL, crude
oil did
[09:58 am] Mitch K: 65 ticks in
one run for CL is very good money, $650 on
one contract
[09:59 am] Mitch K: pretty
slow though today
[10:00 am] Mitch K: this
is that DVA, got a problem with this version,
will work it out
[10:01 am] Mitch K: i
followed a bunch of your trades today like
scalp, or shark, ed, eyes, i
compared
[10:02 am] Mitch K:
machine
[10:03 am] Mitch K: you guys see
that with your own trading?
[10:03 am]
Mitch K: the tendency is that we get better
entries than exits. we dont max out the
profit
[10:03 am] Mitch K: there were some
occasionally good entry or exit but not on
both sides of the trade
[10:04 am] Mitch
K: remember scalpman’s last exit on DVA and
then he quit for the day? i was going
to show him the chart but he left.
[10:05
am] Mitch K: you guys look that up? was
45-50 min ago
[10:05 am] Mitch K: i
thought scalpmans buy to cover on DVA was
around 102.60 something
[10:07 am] Mitch
K: [08:47 am] scalpman : Cover 1/2 DVA
S
[10:13 am] Mitch K: minor fix. but
the top of that red candle is sell
point
[10:13 am] Mitch K: this is
DVA. the diamond is incorrect, it
should be placed here in blue
circle
[10:14 am] Mitch K: you execute on
the 1 min and you monitor on the 2 min, thats
the way i think you should use this with
stocks
[10:14 am] Mitch K: ok this is 1
min, this is where the signal was right
here
[10:14 am] Mitch K: let me zoom
in
[10:15 am] Mitch K: this is candle
scalp bot to cover short
[10:15 am] Mitch
K: lets look where scalpman left. now i
am not talking behind scalpmans back, im just
reviewing his trade.
[10:16 am] Mitch K:
but he might have had to go though,
[10:16
am] Mitch K: buy signal is where?
another 90-92 cents lower or about twice the
profit he made
[10:16 am] Mitch K: when he
posted
[10:16 am] Mitch K: i figured scalp
got out around 102.91
[10:17 am] Mitch K:
i mean do an errand, or he might have gotten
bored or wife needed something
[10:18 am]
Mitch K: so dont take this as a trade
idea
[10:18 am] Mitch K: this isnt real
time now shark, i am looking at back
history
[10:18 am] Mitch K: have it in
your mind that this isnt a perfect system but
it is real good tool.
[10:20 am] Mitch K:
and you dont want to trade something with
real money if you are fighting
yourself
[10:20 am] Mitch K: id say this
is going to take you about 3 weeks to get
used to at least. you wont trust it at
first,
[10:23 am] Mitch K: GS
[10:26
am] Mitch K: you guys understand what i am
saying that it sell signal on GS
[10:27
am] Mitch K: what i was asking if you
understand that you can match or beat a
signal sometimes but not consistently.
but the most important advantage you have is
being able to manage a lot of stocks at once
with multiple positions without going mental
by the end of day
[10:28 am] Mitch K: this
is good. you know when you watch really
young kids do an easter egg hunt?
[10:28
am] Mitch K: ok, word picture for you, i got
it
[10:29 am] Mitch K: been a while for
me, my kids in college. but you see the
young boys go really fast, picking up
whatever they see, so excited, running, go
after that egg, then that one, and they see
other people running and compete for another
egg
[10:30 am] Mitch K: and they bend over
and drop a bunch of eggs from their
basket
[10:31 am] Mitch K: and then the
parents are screaning where to go, get that
one, etc. all that commotion, all that
frenzy is wasted energy. it isn’t real
efficient. the comparison im making is
that is sort of how we trade manually in a
way compared to a something like
lightning.
[10:33 am] Mitch K: when you
see signal like i saw about 9-min
ago?
[10:33 am] Mitch K: ok you see GS
now?
[10:34 am] Mitch K: it doesnt look
like much but i find it does turn into
something. so after watching this for
maybe 2 months now, i just don’t stress out
about a signal, i just act if i am in
an open position.
[10:35 am] Mitch K:
repeat: if you are using Lightning
system, and you are in an open position,
don’t ignore the closing signal.
[10:36
am] Mitch K: you can compare with another
time interval if you wanted to try to squeeze
out more money. BUT if you have 3, 4,
5, 6 open positions, you probalby wont have
time for that, esp in first 90 min of each
day in stocks. your activity needs to
be the physical movement of placing orders
and managing them, not in the
analysis
[10:37 am] Mitch K: very little
time is required for the analysis, making
sense?
[10:39 am] Mitch K: if you were
long at that buy point, you just take the
signal. why argue with it?
[10:39
am] Mitch K: this is GS. yousee the
sell signal i gave you about 12 min ago? or
13 min. ?
[10:40 am] Mitch K: you see im
trying to get you guys to think correctly how
to use it and how to think. i hope this
is all making sense.
[10:40 am] Mitch K:
it doesnt matter that it is mid-day trading,
and profit percentages are smaller, its the
maximum amount you can consistently obtain
from this trade
[10:41 am] Mitch K: and
maybe after 4-6 weeks or less, you will be
able to say what im thinking now…. “this is
going to take a while before a buy signal to
cover”
[10:43 am] Mitch K: on tight spread
stocks, high vol, market orders work
fine
[10:43 am] Mitch K: ok, on something
like GS, you can buy at the bid and sell at
the ask because there is usually a lot of
volume. OR because the spread is
usually very tight on GS, you can take a
market order but i like limit orders for sure
on futures, i rarely take a market order on
futures, you are giving up automatically
$20-30 per contract one way if you do
that
[10:45 am] Mitch K: see that green
arrow
[10:45 am] Mitch K: just got a buy
signal on GS
[10:45 am] Mitch K: ok right
now, we got the SPY still dropping
[10:46
am] Mitch K: you cover that qwert?
[10:46
am] Mitch K: when i am short a stock and the
spy is dropping and the stock im short is not
dropping anymore, i get trigger happy to
cover that stock
[10:47 am] Mitch K: ok
nice, you bot below the bid when the signal
came right? thats what i do, buy at bid
or slightly below, dpeends
[10:48 am]
Mitch K: does it bother me that GS kept going
down and there was a buy signal to
cover? not at all, its money in teh
bucket, prob more efficient than i could do
and im on to another stock or managing other
open positions
[10:49 am] Mitch K: im a
little surprised there was a buy signal so
soon but im not stressed about it,
[10:50
am] Mitch K: two part answer on that doji, 1)
i wait for a sell signal as my stop, and 2)
common sense was that support would have been
around 109.30
[10:51 am] Mitch K: wait a
second, i am looking at older version 1c,
should be on 1f
[10:51 am] Mitch K:
typical support area you would see
buying
[10:52 am] Mitch K: lol, this is
most recent version
[10:53 am] Mitch K: on
f version now
[10:53 am] Mitch K: we
finished the main improvement on saturday
night, then make tweaks, still needs
testing
[10:54 am] Mitch K: he has errors
on the diamonds here, not big deal on
corrections
[10:55 am] Mitch K:
EURUSD
[10:56 am] Mitch K: diamond is
price when signal occurred
[10:57 am]
Mitch K: i will make you guys a killer deal
with this tool, i mean ridiculous. but
you have to do a few simple things in
return
[10:59 am] Mitch K: yes i just
looked at RIG, buy signal 2 min ago
[10:59
am] Mitch K: i need some intelligent feedback
written by you, after about 2 months of using
it. 1) tell me what problems you are
having on using it. 2) how you are
being successful with it and 3) share you
success on a webcam recording
[11:01 am]
Mitch K: and i will grandfather your pricing
as long as you keep it. after this beta
version, you guys still keep ridiculous
pricing but future users will go to higher
pricing. what we get as a core group
working together is something i hope is
really special. and that will be a firm
understanding how to profit from it, good
signals from more people, and whole lot of
fun
[11:02 am] Mitch K: plus you might
pitch in once in a while and help a new
person get started
[11:04 am] Mitch K: you
click the Account Perfomance tab and get
trades from any day in the past you made
through NInja
[11:04 am] Mitch K: see this
lisas?
[11:04 am] Mitch K: the alert
window is a log of signals but you can get
your account performance from Ninja
[11:05
am] Mitch K: if you did not use ninja to link
to your own broker, then use your brokerage
firms history for trades you made
[11:06
am] Mitch K: what i really want to do is
create a really special place where there are
more ideas of higher quality and people that
are supporting the idea of a really special
team
[11:08 am] Mitch K: i have already
outlined a work schedule for programmer for
additional tools as add-ons that help
performance
[11:08 am] Mitch K: i will
teach you what i know and you guys teach us
what you have learned. this will put
everyone on the same playing level.
wont have any diff between really great
traders or new traders. the signals
become the same. and we will continue
to improve and come out with new versions and
tools to add to this
[11:09 am] Mitch K:
especially in futures and forex where
everything is more time sensitive and price
sensitive
[11:10 am] Mitch K: i dont know
yet qwert, prob 3 weeks off, not
sure. you going on
vacation?
[11:11 am] Mitch K: i havent
looked at wheat for a week
[11:11 am]
Mitch K: ok lisa, here is wheat coming
up
[11:11 am] Mitch K: wont be this week
qwert
[11:12 am] Mitch K: here is what i
know about wheat. not kidding. it
goes in bread and there is a sell signal in
that blue circle
[11:12 am] Mitch K: you
like this trrade lisa, it is real
time
[11:13 am] Mitch K: we make more
bread if we short that sell signal
[11:14
am] Mitch K: its bleeding red because i didnt
load enough history
[11:14 am] Mitch K:
corn corn corn, nuttin but corn
[11:15 am]
Mitch K: ok there you go, corrected
[11:16
am] Mitch K: does that bother me i
breakeven?
[11:16 am] Mitch K: ok see this
little small moves, you dont make money on
those. its a breakeven. i show you
connect dots. if it is level with
horizon = breakeven less about $5 round trip
commission per contract.
[11:17 am] Mitch
K: look at the trade you made before and the
one after
[11:17 am] Mitch K: should it
bother you if it is a breakeven or even a
slight loss? no
[11:18 am] Mitch K:
just focus on one thing at a time at first,
dont chase too many eggs with too many new
things. anytime you make a change in
your routine, you got to go back to
practicing, gradually introduce new
routine. if you do it all at once, you
usually lose money
[11:19 am] Mitch K:
RIG
[11:19 am] Mitch K: ok later
lisa
[11:19 am] Mitch K: make sure you
understand first
[11:20 am] Mitch K: ok
lesson over
[11:20 am] Mitch K: blue
circle makes you homeless, dont trade flat
charts on this system or any other
system
[11:21 am] Mitch K: the programmer
thinks i should work on the no trading zone
before beta release. i said no, that is
a black hole that takes months and it is a
usable tool now
[11:22 am] Mitch K: and i
told him i am not convinced that we will gain
much
[11:22 am] Mitch K: ive tried the no
trading zone and it really applies to futures
and forex better or more easily than
stocks
[11:23 am] Mitch K: i will get this
cleaned up a little more, some small tweaks
and get it packaged up for you. i will
outline my proposal for you as a small group
ok?
[11:26 am] Mitch K: ok one more
thing
[11:32 am] Mitch K: there was a
programmer that i was working with for 6
months on this project. just before we
were finished he decided ask me for some
unreasonably high amount of money and we had
already paid him more than our original
contract. so he never sent me the
program. i had to start the whole
project over with another programmer.
in the meantime, the unethical programmer has
been contacting some of our customers and
competitors trying to sell it. that is
why this has been such a delay. SO
don’t respond to his requests, ok?
[11:33
am] Ed : if u took CLF long would reduce
some
[11:33 am] Mitch K: RIG is still on
strong uptrend
[11:34 am] Mitch K: i cant
say rusty, i’d probably get sued,
lol
[11:34 am] Mitch K: i should have
known when he was bragging about being a
hacker in his past. red flag went up in
my mind
[11:36 am] Mitch K: no sell signal
in RIG yet mike, it s solidly moving
up
[11:36 am] Mitch K: i think people make
more money and have more success if they are
ethical and have character
[11:37 am]
Mitch K: this rise in SPY is helping float
the longs higher
[11:39 am] Mitch K: now
on something like the JCP news, common sense
for me was it only moved up 30-35 cents and
it just isnt enough of a move to try for a
reversal
[11:40 am] Mitch K: when i first
looked at JCP was around 26.55 or 26.58 area
so you need to use common sense that it isnt
enough of a move yet. but is getting
better of an idea as it goes up.
[11:42
am] Mitch K: JCP tgoppy
[11:42 am] Mitch
K: SPY is still pointing up, market floating
up, squeeze more money out of your
longs
[12:06 pm] Ed : getting some selling
in SPY
[12:14 pm] Mitch K: yes mike, sell
signal was at 1157am pacific time, $46.75 on
RIG
[12:16 pm] Ed : MJN on the
move
[12:17 pm] Mitch K: those really fast
ones are trickier
[12:17 pm] Mitch K: the
blue mark is where i saw it start moving
up
[12:17 pm] Mitch K: and cover
[12:17
pm] Mitch K: this is JCP short
[12:18 pm]
Mitch K: almost 2%
[12:18 pm] Mitch K:
good money for end of day when youare already
burnt toast
[12:24 pm] Ed : was nice
breakout but missed
[12:24 pm] Ed : stil
monitoring MJN
[12:25 pm] Mitch K: sell
signal on 1 min with MJN
[12:26 pm] Mitch
K: but not sell signal on 1 min yet
[12:27
pm] Mitch K: to answer your question about
going long chingo on JCP after a buy to cover
signal . . . . I dont like to take a new one
so late in day, especially since this was
probably a pop up on some rumor or flash news
that wasnt that big of an event
[12:28 pm]
Mitch K: even though MJN moving nice, you
only have 30 min and many of these take a lot
longer, maybe an hour
[12:30 pm] Mitch K:
just getting sell signal on 2 min
MJN
[12:39 pm] Mitch K: ok later
joey
[12:46 pm] Ed : would cover MJN short
on this drop
[12:47 pm] Ed : running out
of time
[12:57 pm] Ed : have a great
evening traders
| [06:44 am] doji : PCLN
[06:44 am]
khall : BIDU just a drop this
morning
[06:44 am] doji : at
yesterday’s low
[06:45 am] doji :
NFLX weak
[06:45 am] joeytsa : yeah
khall, trying to hold $113
[06:45 am]
doji : /ES lost 1400
[06:46 am]
joeytsa : nice call on NOV
Mitch
[06:48 am] doji : ?ES holding
1400 fo now
[06:49 am] joeytsa :
looks like it doji
[06:50 am] mikewd2 -: i
see ES at 1401.75
[06:51 am] mikewd2 -: am
i looking at delayed or what?
[06:51 am]
joeytsa : its there now
[06:51 am]
mikewd2 -: 1401
[06:51 am] doji :
MCP
[06:51 am] doji : You are right
Mike
[06:51 am] mikewd2 -: ok
[06:51
am] doji : Watching SBUX
[06:52 am]
doji : and LEN
[06:52 am] mikewd2 -:
doji, you get in MCP?
[06:53 am] mikewd2
-: i’m in 10.83
[06:53 am] mikewd2 -:
looking for 11.30 area
[06:53 am]
doji : SLB
[06:54 am] doji :
Nope Mike
[06:54 am] doji : But I
got SLB
[06:55 am] mikewd2 -: nice bounces
on SLB
[06:56 am] doji : FSLR
moving
[06:57 am] doji : all out
SLB
[06:57 am] mikewd2 -: WLT
[06:58
am] mikewd2 -: WFT getting some
upgrades
[06:58 am] doji : sell
short
[07:00 am] joeytsa : tighten
CLF if long
[07:02 am] mikewd2 -: nice one
joey
[07:02 am] doji : Watching FB
again
[07:03 am] shark : FRAN over
vwap
[07:04 am] shark : correction:
testing vwap FRAN
[07:08 am] doji :
SBUX flirting with 50…. just getting tired
waiting for the breakout
[07:08 am]
doji : NFLX
[07:09 am] shark :
🙂
[07:09 am] joeytsa : doji: you
looking to go long SBUX right
[07:10 am]
doji : Yes Joey
[07:11 am]
joeytsa : can you put in a buy stop to
trigger?
[07:11 am] doji : Yes, most
probably around 50.3
[07:12 am]
joeytsa : tomorrow should be a bit
volatile with ecb press conference/dragi
speaking/ unemployment claims
[07:13 am]
shark : thx joey
[07:14 am]
joeytsa : ES selling off
[07:14 am]
rusty : MERKEL TELLS LAWMAKERS SHE
OPPOSES UNLIMITED ECB BOND
PURCHASES
[07:15 am] doji :
“unlimited”
[07:15 am] joeytsa : thx
rusty, also saw that lots of people in
spain are pulling money out of the banks and
leaving
[07:15 am] go4it : Rusty did
you or are you gonna short rprx?
[07:16
am] joeytsa : MO big spike
[07:16
am] joeytsa : not as big as it looked
sorry
[07:16 am] khall : CLF turning
over
[07:16 am] doji : Joey, are in
LNKD?
[07:16 am] joeytsa : scaling
threw me off
[07:17 am] joeytsa : no
doji
[07:17 am] qwert : monitoring
CONN
[07:18 am] doji : COON 52-week
high, very strong
[07:18 am] doji :
9.6% up
[07:18 am] joeytsa : CONN
not COON
[07:19 am] shark : thx,
Ed
[07:19 am] joeytsa : i see that
Ed, thanks
[07:20 am] joeytsa : YELP
having a decent day
[07:21 am] mikewd2 -:
joey did you short CLF
[07:21 am]
joeytsa : nope, watching to see if $34
holds
[07:22 am] joeytsa : i try to
avoid shorting strong stocks unless i have a
good reason to
[07:23 am] joeytsa :
cant short YELP on lightspeed
[07:23 am]
mikewd2 -: yeah nice bounce on CLF, but
wouldn’t call it a strong stock
[07:23 am]
mikewd2 -: very nice downtrend on
daily
[07:24 am] joeytsa : $2 smooth
run up, is strong in my books
[07:24 am]
mikewd2 -: yeah today
[07:24 am]
joeytsa : thats the only day im trading
🙂
[07:24 am] mikewd2 -: yep
[07:25 am]
doji : hahha nice Joey
[07:26 am]
mikewd2 -: WFT nearing 12
[07:26 am]
joeytsa : ES trying to break from 1min
triangle
[07:26 am] doji : SPY
spiking
[07:27 am] doji : SBUX
riding the 5MA… No in the stock
[07:28
am] doji : Joey, look at LNKD
[07:28
am] joeytsa : yeah im looking at
it haha
[07:29 am] shark :
LNKD upgrade to $140 at Jeffries
[07:29
am] doji : nice run today… missed
although… this TOS platform is painfully
slow
[07:29 am] joeytsa : made a
mistake not buying that pullback to the
111.50/15ma
[07:29 am] shark : TOS
or your internet, doji?
[07:29 am]
doji : Both
[07:30 am] joeytsa
: doji needs faster carrier pigeons
[07:30
am] shark : rofl
[07:30 am]
doji : cannot basically trade in “real
time”… I am 3-4 seconds delayed in my trade
confirmations
[07:30 am] shark :
LNKD vol very high -could have pocket pivot
today
[07:30 am] joeytsa : that wont
kill you if you are looking for bigger
moves
[07:30 am] lisas : Hope you
get that sorted out soon doji!
[07:31 am]
lisas : LNKD also hit IBD buy
point
[07:32 am] shark : nice lisa
🙂
[07:32 am] doji : My got, having
a slow connection is just
frustrating
[07:32 am] doji :
god
[07:34 am] doji : Here it’s
SBUX
[07:34 am] doji :
gone
[07:37 am] shark : c it,
Mitch
[07:38 am] mikewd2 -: on which
stock, FDX?
[07:38 am] lisas : ok,
not just me, only see FDX and TNA
charts
[07:38 am] mikewd2 -: right, that
was my point
[07:39 am] mikewd2 -: i see
fdx, tna
[07:39 am] mikewd2 -: what do you
see shark?
[07:39 am] lisas : Shark
sees everything
[07:39 am] lisas :
all seeing all knowing
[07:39 am]
qwert : hahaha
[07:39 am] mikewd2 -:
shark just agrees with mitch
[07:40 am]
shark : 😉
[07:40 am] mikewd2 -:
brown nose shark
[07:40 am] mikewd2 -:
haha
[07:40 am] shark :
haha
[07:40 am] joeytsa :
haha
[07:40 am] doji : SBUX at
200dMA
[07:40 am] mikewd2 -: nice short in
SLB doji
[07:40 am] mikewd2 -: nice 70
cent moves
[07:41 am] scalpman : MJN
S @ 75.02
[07:42 am] shark : nice
job, Mitch -YELP
[07:44 am] mikewd2 -:
SINA moved from 43 to 60 this month
[07:44
am] mikewd2 -: last 30 days
[07:45 am]
shark : lot of red candles on MNST
thses days
[07:45 am] doji :
FB
[07:46 am] shark : testing R2
res- FB
[07:47 am] shark : 18.70
high of gap down on 8/31
[07:49 am]
mikewd2 -: getting a bit of selling
[07:51
am] qwert : thx mitch
[07:56 am]
scalpman : CME consolidating
[07:56
am] scalpman : 50% retrace on
SPY
[07:58 am] mikewd2 -: 7.9 quake off
coast of costa rica
[07:58 am] shark
: yes, I see that break of 50 day on heavy
vol, Mitch
[07:59 am] shark : I also
remember the Snapple fiasco AFTER quaker oats
lost a lot of $$$ on that purchase
[08:02
am] shark : probably why KO quickly
came out and said they weren’t going to buy
MNST on that 1 day rumor
[08:06 am]
rusty : FSLR – Chinese Solar
Panel Firms Prepare for Europe Probe – neg
for YGE,
CSIQ, &nbs;
p;
http://www.foxbusiness.com/news/2012/09/05/ch
inese-solar-panel-firms-prepare-for-europe-pr
obe
[08:08 am] shark : thx
rusty
[08:11 am] shark : missed
qucik bounce -LULU
[08:15 am] mikewd2 -:
out MCP 11.13, in 10.83
[08:15 am]
qwert : DVA new hod
[08:20 am]
ben4givn : nok for bottom
[08:20 am]
joeytsa : hfxtrader, are you
here?
[08:26 am] joeytsa : RGR
steady up
[08:27 am] mikewd2 -: nice 40
cent move on WFT after sell off
[08:27 am]
joeytsa : nice mike
[08:27 am]
mikewd2 -: but i didn’t get it
[08:28 am]
mikewd2 -: couldn’t pull the
trigger
[08:28 am] joeytsa : on to
the next one right
[08:28 am] mikewd2 -:
yep
[08:29 am] shark : LULU testing
hod and b/e
[08:29 am] shark :
(earnings Friday)
[08:32 am]
scalpman : Mitch sell signal on
LULU?
[08:34 am] scalpman : missed
lulu
[08:34 am] shark : 🙁
[08:36
am] scalpman : Might get lulu on lower
high
[08:40 am] joeytsa : RGR up,
people buying guns 🙂
[08:41 am]
scalpman : DVA S @ 103.62
[08:42 am]
qwert : thx
[08:47 am]
scalpman : Cover 1/2 DVA S
[08:51
am] scalpman : I had my chance…I
waited…but got DVA instead
[08:52 am]
scalpman : DVA breaking through 50%
retrace…heading lower…?
[08:53 am]
qwert : Watching FRAN
[08:54 am]
scalpman : All out DVA S
[08:55 am]
scalpman : FRAN support (lo) at
30.25
[08:55 am] eyes : S RGR 46.96
Still Trailing
[08:56 am] qwert :
nice trade eyes
[08:58 am] scalpman
: Red and green together makes brown. I’ve
had “brown…y” day.
[08:58 am] eyes
: Teva new low
[08:58 am] scalpman :
Time to go…see you all
tomorrow…
[08:58 am] shark : bye
scalp 🙂
[08:58 am] qwert : cya
scalp
[09:00 am] scalpman : Bye
guys…Scalpman has left the
building!
[09:00 am] lisas : bye
scalp
[09:00 am] shark : MNST
bounce
[09:02 am] khall : bye
scalp
[09:03 am] lisas :
yes
[09:03 am] khall : yes
[09:03
am] Ed : nice
[09:04 am] lisas :
yes
[09:04 am] khall : 🙂
[09:04
am] lisas : although took me two tries,
but in the green
[09:05 am] shark :
😉
[09:08 am] shark : MNST some res
at vwap
[09:09 am] Ed : hey eyes u say u
shorted 46.96??
[09:09 am] Mitch K: eyes,
was that 46.69 on the RGR short
entry?
[09:09 am] eyes : S RGR 46.69
out 45.68
[09:10 am] Mitch K: ok good
one
[09:10 am] qwert : great
trade
[09:12 am] shark : awesome
eyes!
[09:13 am] shark : MNST
fighting vwap, 10min ma area
[09:13 am]
khall : congrats eyes
[09:14 am]
shark : consider tightening stop if
took long
[09:18 am] shark : out 1/2
MNST long
[09:19 am] shark : MNST
move
[09:22 am] shark : out 1/4 more
MNST l
[09:25 am] joeytsa : nice
trade shark
[09:26 am] Ed : nice trade
shark
[09:26 am] shark : thx
Ed
[09:26 am] shark : 55.67 stop for
last 1/4 MNST
[09:34 am] joeytsa :
50cent spike in Z
[09:44 am] shark :
55.74 new stop last 1/4 MNST
[09:44 am]
shark : right below 200min ma
[09:45
am] eyes : See you all later got to
leave for a while
[09:46 am] shark :
cya eyes
[09:46 am] Ed : c ya
eyes
[09:56 am] shark : keep moving
stop up if you took MNST long-
[09:59 am]
shark : Awesome, Mitch!
[10:00 am]
Ed : i only got 35 ticks when i took
it
[10:01 am] Ed : goes to show no matter
the level can help squeeze more
mone
[10:01 am] qwert : we r
ready
[10:02 am] doji : Who
won?
[10:02 am] doji : The men or
the machine?
[10:03 am] shark :
wow!
[10:04 am] doji :
Yeap
[10:04 am] shark : out last 1/4
MNST 55.90
[10:04 am] mikewd2 -: MCP vol
spike
[10:04 am] qwert :
everyday
[10:04 am] shark : totally,
Mitch
[10:04 am] shark : get out too
soon, usually
[10:05 am] shark :
have fear of extra drop on my longs
[10:06
am] lisas : It applies especially to my
first target, think I could often get more on
that
[10:06 am] lisas : but want to
get risk free quickly
[10:12 am]
shark : yeah, scalp got out way too
early DVA short first half
[10:12 am]
shark : left lot on table MNST long
too, now
[10:12 am] shark : still
going 🙁
[10:16 am] doji : at the
blu marks?
[10:16 am] qwert : so
almost 1% diff
[10:19 am] lisas :
leave this up a little longer Mitch, stepped
away so just seeing this
[10:19 am]
qwert : GS almost at 110
[10:20 am]
lisas : ok, got it all,
thanks
[10:22 am] mikewd2 -: RGR was nice
short, didn’t take it though
[10:23 am]
mikewd2 -: CLF long consolidation
[10:23
am] shark : ok, Mitch
[10:23 am]
shark : 🙂
[10:26 am] shark :
YES
[10:26 am] qwert : yes
[10:28
am] victor51 : Mitch, I believe the
Lightening will be a big help to new traders
like me
[10:28 am] shark : 🙂
agreed
[10:29 am] qwert : and they
follow the older ones?
[10:30 am]
qwert : yep
[10:30 am] shark :
yeah
[10:32 am] Ed : SPY breaking
down
[10:32 am] shark : agreed,
Mitch
[10:33 am] shark : SPY turns
negative
[10:33 am] qwert : short at
109.95 on gs
[10:33 am] victor51 :
Ed big drop BIDU
[10:34 am] Ed : right
trading near lows of day, it will be on my
radar for 2morrow
[10:37 am] qwert :
yes
[10:37 am] mikewd2 -: understand
Mitch
[10:39 am] shark : lighthing
ez!
[10:40 am] qwert : leave it up
and i will use for my short exit
:))
[10:40 am] shark : nice
qwert
[10:41 am] shark : HOV reports
before open tomorrow
[10:41 am]
shark : unusual options on Sep 3 calls
-1600 traded
[10:42 am] shark : 6-7%
move to break even –
[10:44 am] doji
: FB
[10:45 am] shark : thx,
Mitch
[10:45 am] khall : this will
be great for consistency. I’d rather be
consistent that stay in something and give
away profits, no matter how small they
are
[10:46 am] doji : Watching
SBUX
[10:46 am] qwert : okay out gs
109.57
[10:46 am] qwert : yep
covered
[10:47 am] shark : anybody
catch MNSt short after the top?
[10:47 am]
shark : also turning out nice, missed
it
[10:47 am] qwert : yes
[10:48
am] qwert : i usually put order in
below then just stay ready to bump
[10:49
am] doji : But waht about if you used
the buy signal to go long in GS
Mitch?
[10:49 am] doji : Personally,
there is not potential on the upside in
GS
[10:49 am] doji : so I wouldn’t
go long
[10:50 am] qwert : exactly
doji
[10:50 am] mikewd2 -: RIG
[10:50
am] doji : We need to combine
Lightening signals with the overall picture
of the stock to enter a trade
[10:50 am]
doji : no beacuse Lightining give you a
sinal you have to follow
[10:51 am]
doji : right
[10:51 am] doji :
Support plus reversal with Lightening buy
signal woud be ideal
[10:52 am]
khall : that ‘splains
everything
[10:52 am] doji :
hahah
[10:52 am] shark : totally
🙂
[10:52 am] shark : lighting
2.0
[10:52 am] lisas : aha, you know
how anything older is!
[10:52 am]
shark : BETA version
[10:54 am]
qwert : low
[10:54 am] qwert :
monitoring low
[10:54 am] doji :
What is the diamond function?
[10:56 am]
shark : you the red, green squares
doji?
[10:56 am] shark : you
see…
[10:56 am] shark : lying on
side like a diamond
[10:56 am] mikewd2 -:
ES bounce from below 1400
[10:57 am]
mikewd2 -: RIG trying to turn
[10:58 am]
khall : okay
[10:58 am] mikewd2 -:
works for me mitch
[10:58 am] khall
: what would you like?
[10:59 am]
doji : Upppsss
[10:59 am] mikewd2 -:
you get a buy signal on RIG, Mitch?
[10:59
am] doji : We got a “buy” signal in
Lightening Mike… hahaha
[10:59 am]
doji : deal!
[10:59 am] mikewd2 -:
don’t have a webcam
[11:00 am]
chinhngo : a few simples thing in
return ofcourse must be for your
knowledge and your time
[11:00 am] mikewd2
-: thanks Mitch, me too
[11:00 am]
khall : deal
[11:01 am] mikewd2 -:
oh, maybe i’m thinking pc cam – whats a web
cam?
[11:02 am] khall : mike, I’ll
probably have my hubs do the video with our
camera that takes video
[11:02 am]
shark : 🙂
[11:03 am] shark :
awesome, Mitch
[11:03 am] lisas :
might also be good to have some trade
records
[11:03 am] khall : that’s a
great deal for us
[11:03 am] khall :
good idea Lisas
[11:03 am] victor51
: Mitch, great deal
[11:04 am] lisas
: Yes
[11:04 am] qwert :
nice
[11:05 am] mikewd2 -: I think you can
do that in TS also
[11:05 am] lisas
: That would be good to show for Lightning
results
[11:05 am] victor51 : Mitch,
the buy signal to cover is not necesserily
buy for new position. is that true? How do
you distinguish??
[11:05 am] lisas :
Yes Mike
[11:05 am] qwert : show us
yours from yesterday :))
[11:06 am]
lisas : I don’t know Ninja well, but TS
can isolate specific symbols for the
analysis, so you can show just the system
trades
[11:06 am] mikewd2 -: looking like
a weak bounce on spy thus far
[11:07 am]
khall : well, we have the team part –
that’s for sure
[11:07 am] shark :
yeah, mike
[11:08 am] qwert : This
is just gonna make the room even
better
[11:08 am] lisas : works for
me!
[11:08 am] mikewd2 -: RIG long not
working very well yet, may add on hold of
lod
[11:08 am] chinhngo : your sound
is really good for us
[11:09 am]
qwert : Do you know when the webinar
will be Mitch
[11:10 am] lisas :
Since I’m thinking about it, everyone that
plans on trading grain futures needs to learn
about limits days
[11:10 am] doji :
RIG and SLB are weak becuase of BP
Mike
[11:10 am] doji : I am going on
a business trip for 2 weeks next week
Mike
[11:10 am] qwert : just from
this thursday to sunday have to go to boston
to help out my son
[11:11 am] khall
: limits days?
[11:11 am] doji : so
if you can release Lightening the last week
of September that will be great
[11:11 am]
lisas : nice trend! $50 per
cent
[11:11 am] doji : Go ahead
Lisas
[11:12 am] lisas : Can’t, have
to leave in just a sec, so done trading for
day.
[11:13 am] qwert : love it
mitch same here
[11:13 am] lisas :
Wheat is thinner than soy and corn.
[11:15
am] rusty : @politicalwire: Hackers
claim to have obtained Mitt Romney’s tax
returns from a Pricewaterhouse Coopers
office
[11:15 am] shark :
cool
[11:16 am] shark : about the
corn, that is
[11:16 am] khall : no,
because it’s not a loss
[11:17 am]
shark : not at all, Mitch
[11:19 am]
lisas : Taking off, thanks Mitch, Ed!
Have a great afternoon all.
[11:19 am]
khall : mike, are you still long
RIG? later lisa
[11:19 am]
shark : bye lisa
[11:19 am]
qwert : cya lisa
[11:20 am] mikewd2
-: yes khall
[11:20 am] khall :
🙂
[11:21 am] mikewd2 -: thanks
Mitch
[11:21 am] shark : thx, M
🙂
[11:21 am] khall : can’t wait for
this Mitch
[11:21 am] khall :
exciting stuff
[11:21 am] mikewd2 -: CLF
moving again
[11:22 am] shark : i
agree w/you Mitch
[11:22 am] qwert :
agree with you mk
[11:23 am] khall :
sounds good
[11:24 am] mikewd2 -:
yep
[11:24 am] shark : ok
[11:24
am] qwert : were ready
[11:24 am]
shark : AAPL bounce off pivot
[11:25
am] mikewd2 -: selling half RIG here,
46.58
[11:26 am] shark : what’s your
sell signal, mike?
[11:26 am] mikewd2 -:
tight 10 cent trailing stop
[11:26 am]
mikewd2 -: 50% retracement on the
drop
[11:26 am] victor51 : I am
quite happy with the refined product. I will
be ready ….
[11:26 am] mikewd2 -: off
the last drop
[11:26 am] shark : ok,
thx, mike
[11:26 am] mikewd2 -: not great
money but looked like easy trade
[11:28
am] victor51 : Mike Nice trade.
RIG
[11:28 am] mikewd2 -: not liking it
all out
[11:29 am] mikewd2 -: interesting
to see if lightning would have keep the trade
going?
[11:29 am] shark : yeah,
mike
[11:29 am] qwert : watching
JCP
[11:29 am] victor51 : Sorry, I
was on wrong chart
[11:30 am] rusty
: JC PENNEY `VERY ENCOURAGED’ BY AUGUST
SHOPS’ PERFORMANCE: CFO
[11:31 am]
rusty : JCP
[11:31 am] khall :
Probably back to school sales
[11:32 am]
victor51 : Mike, No, RIG long is doing
fine.. You see something else??
[11:32 am]
khall : okay
[11:33 am] shark
: awful
[11:33 am] mikewd2 -: understand
Mitch
[11:33 am] qwert : Wow thats
awful
[11:33 am] shark : cant’ stand
guys like that
[11:34 am] khall :
karma is a b*&^h – it will come
back
[11:34 am] rusty : what is the
name of the guy we shouldnt respond
to?
[11:34 am] shark : 🙂
[11:35
am] qwert : so far nobody has tried to
contact me
[11:35 am] victor51 :
KHALL, do you believe in Karma theory?
interesting
[11:36 am] khall : well,
it keeps me from strangling people …
LOL
[11:36 am] joeytsa :
hha
[11:36 am] mikewd2 -: i see sell
signal in RIG
[11:37 am] mikewd2 -: yeah,
Mitch anticipated the sell signal never
actually received it
[11:38 am] mikewd2 -:
so lightning would have been worth at least
another 10 cent on RIG trade
[11:38 am]
khall : plus mike, we talked yesterday
about managing on a 2 min chart
[11:38 am]
mikewd2 -: that’s 25%,
[11:38 am]
khall : yeah, I usually do as
well
[11:39 am] khall :
without all the data… 🙂
[11:40 am]
mikewd2 -: MCP getting higher highs, higher
lows since lod
[11:42 am] doji : JCP
moving
[11:44 am] mikewd2 -: missed my JCP
short entry
[11:44 am] shark : LNKD
hitting continuous res at 114.60 area
here
[11:46 am] doji : Are you
taking it long Shark?
[11:47 am]
shark : it would have to break above
that level on high vol
[11:47 am]
shark : LNKD has pocket pivot vol and
base breakout today
[11:47 am] shark
: but many of them have failed in the
past
[11:47 am] shark : so looking
more for short, doji
[11:47 am] doji
: I know you love Pocket Pivots
[11:48 am]
shark : and buyable gapups!!!
[11:48
am] shark : like TIF, when it broke
down from buy able gapup
[11:48 am]
doji : Do you search for those pocket
pivots manually or have a scan?
[11:48 am]
shark : perfect short
[11:48 am]
shark : scan
[11:49 am] doji :
What sacn?
[11:49 am] shark :
tc2000
[11:49 am] shark : worden
platinum
[11:49 am] doji :
Thanks
[11:50 am] mikewd2 -: RIG still
moving
[11:50 am] shark : yup,
mike
[11:50 am] shark : you still
have 1/2?
[11:50 am] mikewd2 -:
nope
[11:51 am] doji : SLB hitting
VWAP
[11:51 am] mikewd2 -: dumped at same
price, was taking too long
[11:51 am]
mikewd2 -: 0/1 trying to beat lightning
haha
[11:51 am] shark : for
sure
[11:52 am] shark : PCLN drop,
watching
[11:53 am] shark : nice one
on JCP, Mitch
[11:53 am] Ed : just as an
example of what Mitch was speaking of with
light, we got the long on CLF breaking 34.50
but how many got the short that took that
long trade when it gave signal
[11:54 am]
Ed : myslef inluded got the long but not the
short
[11:55 am] Ed : did anyone take the
long on CLF?
[11:56 am] mikewd2 -: Joey
called it early this morning
[11:56 am] Ed
: speaking of when I called it t bout hour
ago
[11:57 am] mikewd2 -: sorry no, i was
watching consolidation all morning, but didnt
take it
[11:57 am] Ed : ok
[11:59 am]
khall : out all RIG
[11:59 am]
shark : nice khall
[11:59 am]
mikewd2 -: nice khall, way better than
me
[12:00 pm] khall : I wouldn’t
have had the trade if not for you — I just
am having a patient day – LOL
[12:00 pm]
shark : 🙂
[12:00 pm] mikewd2 -: np,
send me share to ….. lol
[12:00 pm]
khall : sure thing 😉
[12:01 pm]
mikewd2 -: i think JCP short was one where my
entry should have been market on the
short
[12:01 pm] mikewd2 -: narrow spread
at the time and would have got in
[12:03
pm] mikewd2 -: Mitch, i assume you got sell
on RIG
[12:05 pm] joeytsa : mike:
market order would have worked
[12:05 pm]
mikewd2 -: yep
[12:05 pm] joeytsa :
or a sell stop?
[12:06 pm] mikewd2 -: good
point
[12:06 pm] joeytsa : for a
short
[12:06 pm] mikewd2 -: getting
another little sell off
[12:14 pm] mikewd2
-: thanks Mitch
[12:15 pm] mikewd2 -: wow
– nice
[12:18 pm] mikewd2 -: yep
[12:19
pm] chinhngo : can i go long on jcp at
26.37
[12:19 pm] doji : Watching
MJN
[12:23 pm] mikewd2 -: doesn’t seem
like a good trade to me chinhngo
[12:23
pm] shark : me neither,
chinhgo
[12:23 pm] shark : not much
time in day, either
[12:24 pm] qwert
: anyone long MJN
[12:25 pm] qwert :
i missed it
[12:25 pm] doji : haha,
I was looking for short
[12:25 pm]
qwert : resistance 77.t0 area
[12:25
pm] qwert : 77.70
[12:26 pm]
doji : woow too quick
[12:26 pm]
doji : still strong
[12:26 pm]
joeytsa : IOC has been a nice
climber
[12:26 pm] doji : Sell or
not sell Mitch?
[12:27 pm] khall :
he meant not sell signal on 2 min
yet
[12:27 pm] joeytsa : that is the
question 🙂
[12:27 pm] khall : I
think…
[12:27 pm] mikewd2 -: always the
question
[12:28 pm] chinhngo : thank
mr MITCH
[12:30 pm] skydiver : Back
on for a bit – just observing for now, no
trading, but learning 🙂
[12:30 pm]
joeytsa : sky: you hook up your foot
pedals to buy/sell CRM 🙂
[12:30 pm]
doji : aggg my order on MJN was not
filled….
[12:30 pm] doji : for 3
cents!!!!!!!!!!
[12:31 pm] skydiver
: yeah joey – this morning – been setting up
my system – and now getting used to it
—
[12:31 pm] joeytsa : sounds
good
[12:31 pm] skydiver : a couple
more tweaks and should be ready to
go
[12:31 pm] joeytsa :
nice
[12:31 pm] chinhngo : short mjn
at market
[12:31 pm] joeytsa :
Germany’s PMI @ 47%..lowest since june
’09
[12:33 pm] joeytsa : i see that
TS signed up with Recognia
[12:34 pm]
joeytsa : got an email this morning
with pattern setups
[12:35 pm] mikewd2 -:
yeah, i saw that joey – nice
[12:35 pm]
mikewd2 -: looked like some swing
recommendations
[12:36 pm] joeytsa :
yeah, i tracked them for daytrades..too
slow
[12:36 pm] mikewd2 -: MCP slowing
getting higher highs
[12:36 pm]
joeytsa : schwab and lightspeed also
have a pact with them
[12:39 pm]
joeytsa : Thanks Mitch,Ed,
everyone…have a great day, see you
tomorrow
[12:39 pm] Ed : c ya
joey
[12:39 pm] qwert : cya
joey
[12:39 pm] khall : bye
joey
[12:39 pm] mikewd2 -: bye
joey
[12:40 pm] joeytsa : find me
later mike, i will be playing the horses
after 2pm my time 🙂
[12:47 pm]
chinhngo : buy cover mjn thank mr
mitch
[12:58 pm] ben4givn : Thanks
everyone
[12:58 pm] khall : thanks
for the great calls today – see you guys
tomorrow
[01:02 pm] victor51 : See
you all tomorrow.
[01:42 pm] rusty :
Z secondary offering
[01:43 pm]
rusty : gn all
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