[06:07 am] Mitch K: Here are some LONG swing
ideas that I think are ready today:
PENN, PAG, BVN, BRE, BRFS, AVB, SOHU, SINA,
GDX, HSP, FSLR, LH, GGGG, KMT
[06:07 am]
Mitch K: kmt BELOW 32, L, AGCO
[06:13 am]
Kris : Good Morning Traders
[06:22 am]
Kris : ARUN looking to gap up over resistance
level, could ge a long today.
[06:24 am]
Kris : I’ll be watching MNTA for another day
up into 12.00 resistance
[06:25 am] Brent
: good morning
[06:29 am] Kris : 1min to
the open, let’s rock!
[06:30 am] Kris :
here goes NCLX
[06:30 am] Kris : VMED long
half
[06:31 am] Kris : ARUN strong move
off the open, don’t chase it here, see if we
get a pullback on it.
[06:32 am] Kris :
looking for a pullback in CREE to take
long
[06:32 am] Kris : SINA weak
[06:33
am] Kris : SPY testing support, see how much
we pullback here.
[06:33 am] Mitch K:
looking for bounce in SINA
[06:35 am] Kris
: NEM holding
[06:35 am] Kris : watch for
stocks that are holding on this
pullback
[06:35 am] Mitch K: consider
reducing SINA here around 86 ara
[06:35
am] Mitch K: quickie short on AG
[06:36
am] Kris : getting some buyers coming in
now
[06:36 am] Kris : KMB holding, I’ll
take it long on a new hod when the spy finds
support.
[06:36 am] Kris : KMB long
half
[06:37 am] Kris : VMED long second
half
[06:38 am] Kris : HMY long
half
[06:39 am] Kris : watching this
pullback in ARUN
[06:39 am] Mitch K:
consider AGCO long, use limit order
[06:39
am] Mitch K: lost interest in AG
short,
[06:40 am] Kris : NFLX coming into
solid support area but I would wait for us to
find a bottom in the markets first.
[06:40
am] Kris : These are those points where you
look to add to that NFLX swing, like we
talked about. starting slow and taking
small pieces on the pullbacks
[06:40 am]
Mitch K: watching for bottom in WYNN for
potential long
[06:43 am] Kris : WDR short
under 25.67
[06:44 am] Mitch K: monitoring
SOHU for bottom
[06:45 am] Kris : ARUN
long half
[06:45 am] Kris : getting
buyers, see what kind of bounce we get
here
[06:46 am] Kris : 80.00 area solid
support SINA
[06:46 am] Kris : broke
hard
[06:46 am] Kris : SINA see that weak
bounce and new low break
[06:46 am] Mitch
K: consider reducing AGCO long
[06:47 am]
Kris : VMED still looking healthy against the
pullback.
[06:47 am] Mitch K: consider
reducing WYNN long
[06:49 am] Kris :
watching for new hod in HMY
[06:50 am]
Kris : KMB trying to push
[06:54 am] Mitch
K: watching MCP for bottom
[06:55 am] Kris
: I’m stopped ARUN under 21.83, it’s not
acting right and I’ll reduce when I get over
BE
[06:55 am] Kris : stopping
[06:57
am] Kris : it’s the market, no buyers
yet
[06:58 am] Kris : my stop on VMED is
24.15
[07:00 am] Kris : starting to watch
TNA
[07:02 am] Mitch K: should get a
bottom soon
[07:02 am] Mitch K: SINA
bouncing
[07:02 am] Mitch K: SP5– index
ETF = SPY on right chart
[07:03 am] Kris :
at support too
[07:03 am] Kris : good eye
joey
[07:03 am] Mitch K: should get good
bounces in many stocks
[07:03 am] Mitch K:
SINA should be a strong bounce
[07:04 am]
Kris : TNA bouncing
[07:04 am] Mitch K:
looking for bounce in GMCR
[07:10 am]
Mitch K: SPY has to bottom and turn up to see
our other stocks move up
[07:11 am] Mitch
K: the 716am post from Kris is old and should
be ignored
[07:12 am] Kris : it was a good
setup joey, just weak market. that’s
why I start with half, and it could follow
through or hold low
[07:13 am] Kris : I’m
still watching it for re-entry
[07:13 am]
Kris : pop a trendline on it too
[07:16
am] Kris : getting more green coming across
the board, watch that trendline
resistance.
[07:16 am] Kris : TNA starting
to look juicy
[07:16 am] Mitch K: rare
elements sector really getting hit, CHina
related. MCP part of this
sector
[07:16 am] Mitch K: still waiting
for this drop to stop before buying
long
[07:17 am] Kris : DNKD holding
up
[07:17 am] Mitch K: AMZN
bouncing
[07:19 am] Kris : SPY trying to
bottom here, see if it has any energy to come
off the lows
[07:19 am] Mitch K: AVGO
bouncing
[07:22 am] Kris : TNA
bouncing
[07:23 am] Kris : SINA starting
to move up
[07:28 am] Kris : it is fine
with a tight stop, just keep your eye on the
markets
[07:29 am] Kris : we could still
see lower prices today
[07:31 am] Kris :
long small TZA
[07:38 am] Kris : out half
TZA long
[07:38 am] Kris : SPY testing
lod
[07:39 am] Kris : watching to see the
action on TZA here at the highs
[07:40 am]
Kris : SPY trying to lose 113.00
support
[07:41 am] Kris : SPY trying
double bottom bounce here.
[07:42 am] Kris
: NFLX holding trendline
[07:43 am] Kris :
SPY needs to clear that last high it
made.
[07:48 am] Kris : SPY acting like
lower high here
[07:51 am] Kris : be
patient EYEs, you’re fine where you’re
at
[07:51 am] Kris : see if you can break
the resistance level here
[07:51 am] Kris
: take some off when you are +.20
[07:52
am] Kris : NFLX broke trendline
resistance
[07:54 am] Kris : ok EYES, did
you take some off yet?
[07:55 am] Kris :
now move up your stop on second half to BE
EYES
[07:58 am] Brent : SINA gave a sweet
bounce
[07:58 am] Kris : now put an alert
on that 113 support level on the
spy
[07:58 am] Kris : that was kinda a
wild ride in the SPY bottom
[07:58 am]
Kris : we could break it later and you’ll
want to have some short ideas in your
pocket.
[07:59 am] Kris : big move, first
bounce, small pull back, break above prev
resistance
[07:59 am] Kris : see that
price action on SINA
[07:59 am] Kris : we
see that a lot
[08:01 am] Kris : no,
you’re too close to price support
[08:01
am] Kris : that would be what we call
“overtrading it”
[08:01 am] Kris : to the
short side captain101?
[08:02 am] Kris :
I’m seeing more buyers again here.
[08:02
am] Kris : it could setup later, just not a
good play right here for me.
[08:02 am]
Kris : pop a lower support trendline on SINA,
that will be support too.
[08:02 am] Kris
: yes good point bert
[08:02 am] Kris :
you have VWAP, previous day’s low and the
first bounce high all as price support taking
the odds out of your favor for the short at
this price.
[08:03 am] Kris : those are
old school
[08:03 am] Kris : TNA starting
to come into resistance area if you’re
long.
[08:03 am] Kris : VMED still looking
healthy EYES
[08:03 am] Kris : we used to
get those a lot.
[08:04 am] Kris : nice
one mike
[08:05 am] Kris : good job
eyes
[08:05 am] Kris : if you can split up
your last piece eyes, look to take a little
more off at 24.38 area.
[08:06 am] Kris :
be patient, it might take a while
EYES
[08:06 am] Kris : keep scanning for
other setups
[08:06 am] Kris : TZA coming
into support
[08:07 am] Kris : not much of
a move
[08:07 am] Kris : scaling is off on
my VSEA
[08:07 am] Kris : VSEA selling
off
[08:09 am] Kris : DISCA strong
today
[08:09 am] Kris : TZA starting to
look interesting
[08:10 am] Kris : SPY has
a lower support trendline that has
formed
[08:13 am] Kris : SPY trying to
hold trendline, watch for consolidation here
at this resistance level.
[08:14 am] Kris
: price action looking a little weak in NFLX,
correct doji, a new high in the SPY might
help but if you’re day trading it I would be
cautious on the long
[08:15 am] Kris :
then you should be fine
[08:16 am] Kris :
so with this price action, I’m watching TNA
for a push through resistance soon.
[08:16
am] Kris : VMED holding up EYES, steady as
she goes.
[08:17 am] Kris : DISH
breakout
[08:19 am] Kris : would have
preferred a longer consolidation period in
the SPY for a better push on the
break.
[08:32 am] Kris : AGQ gaps a lot so
it’s hard to trade it like normal stock gaps
but I think it’s a solid trade off 100.00
support and it’s been way oversold, I
wouldn’t start here, I would wait for a
pullback in it jsn13
[08:33 am] Kris : I
think we could have another run in the SPY if
it holds up here.
[08:34 am] Kris : was it
.38?
[08:34 am] Kris : what target did I
give you EYES?
[08:34 am] Kris : you
should have bumped your traget but you’re
still fine. patience EYES. I
would sit on it here
[08:35 am] Kris : if
you start to see sellers coming in on the
ask
[08:35 am] Kris : yeah watch that
level 2 when you get close to your target,
drop it a penny and get filled.
[08:36 am]
Kris : SPY consolidating under resistance
around 114.60
[08:37 am] Kris : good job
EYES
[08:37 am] Kris : might consider a
TNA long on the break
[08:37 am] Kris :
now what should you do EYES?
[08:38 am]
Kris : I’m so proud I think I’m gonna get
misty.
[08:38 am] Kris : what’s the next
resistance level EYES?
[08:39 am] Kris : I
would say .50 area
[08:39 am] Kris :
resistance eyes not support
[08:39 am]
Kris : yes EYES good job
[08:40 am] Kris :
nice TNA long scalpman, you should be good if
we can close above this resistance
area.
[08:40 am] Kris : so you’ll watch
your last piece of your trade at that
level.
[08:41 am] Kris : and bump up his
stop then, right EYES?
[08:41 am] Kris :
he’s gonna wait for a test of hod.
[08:41
am] Kris : he’s perfect at .14 for
now
[08:42 am] Kris : cause you want to
use that area as support to guard your stop
sonorant
[08:42 am] Kris : you got this
Aaron, good work
[08:43 am] Kris : exactly
sonorant
[08:44 am] Brent : COG
moving
[08:46 am] Kris : and watch for
consolidation near hod.
[08:46 am] Kris :
yes EYES, time to move up your
stop.
[08:46 am] Kris : yes I took a
couple matt, I have to step away for a few
minutes but I’ll post them when I get
back.
[08:47 am] Kris : textbook
scalpman
[09:02 am] Kris : ok, I’m
back
[09:03 am] Kris : got some small
profit on NFLX but paid more back with
ARUN
[09:03 am] Kris : I just had ARUN and
NFLX this morning Matt. I missed
IMGN
[09:03 am] Kris : the R-GAP longs
didn’t work well cause of the break and
selloff of SPY support
[09:04 am] Kris :
EYES, you got out of last piece of VMED
right?
[09:04 am] Kris : IMGN moved too
fast for me off the open and I missed
it
[09:06 am] Kris : 11:57 on 1min VMED,
lower high coming off hod resistance, you see
that?
[09:06 am] Kris : you have a 1min
chart on VMED EYES?
[09:07 am] Kris : I
would have put it at .37 at that
point
[09:07 am] Kris : make sense
EYES?
[09:07 am] Kris : or
tighter
[09:07 am] Kris : that’s your sign
the trend is changing and to move up your
stop again.
[09:46 am] Kris : NFLX new
lod
[09:47 am] Kris : I think you just
have to have esignal closed
[09:47 am]
Kris : I’ll have to confirm but I think
that’s correct.
[09:47 am] Kris : not at
the same time eyes
[09:47 am] Kris : you
can use it in NT
[09:48 am] Kris : depends
on what you’ll be trading eyes. I would
call them.
[09:48 am] Kris : not sure what
you were seeing but I don’t have anything
like that sonorant.
[10:44 am] Kris : TZA
approaching hod resistance
[11:21 am] Kris
: taking a break, be back in 30
minutes
[11:52 am] Kris : did I miss any
good trades?
[11:52 am] Kris : ok, I’m
back
[01:00 pm] Brent : have a great night
everyone, see you tomorrow
[01:00 pm] Kris
: Great job today everyone. Took a
little heat early but turned into a nice
one.
[01:00 pm] Kris : Have a good night
and I’ll see you all in the morning. | [06:03 am] joeytsa : AGQ down to
101
[06:03 am] joeytsa : mike, i
know you have your sights on NFLX
[06:04
am] mikewd2 -: glad i didn’t hold AGQ over
the weekend
[06:05 am] joeytsa :
nice..sitting at 134.82
[06:05 am] mikewd2
-: i have 600 at 130.9
[06:07 am]
doji : I am also long NFLX at 128.9,
plan to add in a pull back. My position is
however pretty small (10% of my account
value)
[06:10 am] doji : Mike you
have 600 at 130.9… that is a big position
in $$$ value…
[06:10 am] mikewd2 -: less
than 10%
[06:10 am] mikewd2 -: of
account
[06:11 am] joeytsa : but i
like the TSA money management rules
[06:11
am] joeytsa : i usually go higher
account %, but use tighter stops
[06:12
am] trvlntrdr : mitch, FLIR in
wilsonville announces a
contract
[06:13 am] joeytsa : gm
kris, Brent and Mitch…great webinar
series
[06:13 am] joeytsa : reports
: 9:15am..FOMC member Raskin speaks,
10am New Home Sales..EST
[06:13 am]
ronfrac : Mitch: On FSLR do you by on
the gap opening or wait for a
pullback?
[06:15 am] joeytsa :
interesting to see AAPL gapping down a
bit
[06:15 am] mikewd2 -: GDX doesn’t make
the 3-min fade does it don’t see the green
candle.
[06:17 am] joeytsa : gap up:
NFLX,SINA,MCP,BIDU,BA,JOYG,FSLR
[06:18 am]
joeytsa : gap down:
LULU,AGQ,AAPL,CLX
[06:20 am] joeytsa
: Brent gave the nasdaq link in the
webinar, rttnews.com has free pre/post
stuff
[06:20 am] mikewd2 -: MLM looks like
possible swing – yes?
[06:23 am] mikewd2
-: AGQ is at least one day away Garyb, we
haven’t seen the green day up.
[06:24 am]
trvlntrdr : mela gap up– only 5 dollar
stock though
[06:25 am] joeytsa :
CME raises margins for gold, silver and
copper
[06:26 am] joeytsa : gold was
down to 1535 an ounce
[06:28 am]
skydiver : Good morning Mitch, Kris,
and Brent. Great webinar by the
way.
[06:29 am] Kris : thanks
skydiver
[06:29 am] mikewd2 -: great
course this weekend guys – really appreciate
it.
[06:31 am] doji : MNTA
[06:31
am] rusty : selling 1/2 TZOO swingtrade
again
[06:32 am] joeytsa : BIDU
dropped big
[06:32 am] rusty :
adding to SLV long swing
[06:34 am] Kris :
I like that swing rusty, thanks for the heads
up
[06:38 am] joeytsa : NFLX coming
back to earth
[06:38 am] skydiver :
WLT take over chatter
[06:41 am]
joeytsa : BIDU pullback to friday
support
[06:45 am] dano : GM
traders. TSA, great webinar…good job
teachers.
[06:46 am] joeytsa : SINA
on the H list today
[06:48 am] shark
: FSLR breaking lod
[06:49 am]
eyes-inthenow : FTNT ALERT
[06:50
am] skydiver : FTNT – buyout
chatter
[06:53 am] joeytsa : AGQ
testing hod
[06:54 am] mhaus : Kris,
what is your target for second long on
ARUN?
[06:54 am] shailan : kris,
where is your stop on ARUN?
[06:56 am]
jam : yes, arun is trending
down
[06:56 am] shark : there goes
some more NFLX down
[06:57 am]
joeytsa : same with BIDU
rusty
[06:57 am] jsn13 : stop on
VMED?
[06:57 am] mikewd2 -: good entry for
SINA swing, Mitch?
[06:59 am]
joeytsa : mike: SINA is in a major
support area, just don’t try to catch a
falling knife
[07:00 am] joeytsa :
see if it holds june, early ’11 support
level
[07:00 am] mikewd2 -: right, that’s
what I’m looking at
[07:01 am]
duckfan : Watching LVS
[07:01 am]
joeytsa : oversold doesn’t mean
over
[07:01 am] neuronx : WDR
below25.67
[07:01 am] rusty : buying
back NFLX small into weakness
[07:02 am]
joeytsa : SINA with a handful of red
candles on the 3min
[07:02 am]
kevin5 : SPY gap just closed
[07:03
am] joeytsa : i am looking for webinar
setups…
[07:03 am] joeytsa :
trying to spot them quicker and more
accurately
[07:07 am] doji : Gust
getting back… busy… I’ll hold my NFLX
current at 129
[07:08 am] lightning
: boom
[07:08 am] rusty : AAPL
defended by analyst MOKE
[07:08 am]
terry : sina new lod
[07:09 am]
rusty : TZOO lod
[07:11 am]
jsn13 : spy will be good for 3 min
fade…
[07:11 am] lightning :
watching ALXN for possible long…if we ever
turn!
[07:12 am] joeytsa : question
for later: looked like a failed 3minfade
setup on SINA, but with market in downtrend,
it would be avoided and/or the break of the
low would set up a short?
[07:13 am]
doji : Mike are you holding your NFLX
position?
[07:13 am] joeytsa :
great…i think i am following it correctly
then thanks
[07:13 am] mikewd2 -:
yes
[07:13 am] shailan : arun is
holding so far
[07:14 am] mikewd2 -: just
a bad day to be in the market – so
far
[07:14 am] rusty : JVA
lod
[07:14 am] shark : MCP volume
large, possible bottom
[07:15 am]
joeytsa : that’s a big move on what was
a $37 stock at the open
[07:18 am]
joeytsa : shark: AAPL a very important
stock for the market
[07:18 am]
shark : AAPL new lod
[07:19 am]
doji : Mike let me know if you exit
NFLX if you don’t mind
[07:20 am]
doji : Come on SPY!
[07:21 am]
rusty : STMP lod
[07:21 am]
shark : SINA broke medium term daily
support, now $78 becomes resistance
[07:22
am] scalpman : Out 1/2 TNA
[07:23
am] garyb : in TNA
[07:24 am]
eyes-inthenow : Long Vmed
24.02
[07:25 am] scalpman : Out
another 1/4 TNA L.
[07:26 am]
eyes-inthenow : Long TNA 33.84 Stopped
out 34.11
[07:28 am] eyes-inthenow :
Kris ant thoughts on Vmed L24.02 second
try
[07:28 am] rusty : analyst out
Negative on NFLX
[07:28 am] scalpman
: All out TNA
[07:29 am]
eyes-inthenow : stop.87
[07:29 am]
shark : nice scalpy
[07:30 am]
shark : and new lod NFLX
[07:30 am]
terry : nflx new downgrade to
sell
[07:31 am] doji : NFLX
dropping
[07:43 am] joeytsa : liking
the darvis box, just wish it projected
forward a little more
[07:44 am]
joeytsa : lots of darvis info online if
you google, or buy his ” how i made $2M in
the stock market” book
[07:49 am]
eyes-inthenow : Kris good Idea to move
stop to break even with the way this market
is acting on Vmed in 24.02
[07:51 am]
Brent : I would stop under 24 rather than
24.02 Eyes
[07:53 am] rusty : ZAGG
radar
[07:54 am] Brent : there you go
Eyes, nice trade
[07:54 am]
eyes-inthenow : Out Half Vmed
.24.22
[07:55 am] eyes-inthenow :
Thank you
[07:55 am] joeytsa : nice
job eyes !!!
[07:56 am] joeytsa :
waiting for that fastball
[07:56 am]
kevin5 : i used to force trades Joey,
but now i just lay in the weeds and let it
come to me
[07:56 am] kevin5 :
yep
[07:57 am] kevin5 : apple
rebounding
[07:58 am] jam : what a
rebound – SINA!
[07:59 am] Brent : great
to hear skydiver, nice work
[07:59 am]
skydiver : Doing virtual today applying
webinar teaching — having a great
day!
[08:00 am] Brent : nahh, it shows
good discipline, builds your confidence
up
[08:00 am] captain101 : Sina
looking good for a 3Min fade?
[08:00 am]
skydiver : Guess you can teach an old
dog new tricks
[08:00 am] skydiver :
Thanks Brent — that it is doing.
[08:01
am] captain101 : yes
[08:01 am]
mikewd2 -: not that big of move
either
[08:02 am] Brent : very rarely do
you find a 3min fade that you reversed from a
3 min fade
[08:03 am] Brent : that was
back when my momma was still wiping my
nose
[08:03 am] rusty : X MT other
steels might be worth looking at soon for a
swing
[08:03 am] storage : thanks
for the insight on sina did great on the
bounce.
[08:04 am] eyes-inthenow : I
have my stop 24.04
[08:04 am] mikewd2 -:
thanks Kris, took the 0.50 profit on
TNA
[08:06 am] eyes-inthenow : order
placed
[08:07 am] Brent : yeah, keep
looking eyes, your orders are set so you
don’t have to focus on it
[08:07 am]
eyes-inthenow : got it
[08:13 am]
doji : NFLX is not moving relatively to
the SPY
[08:13 am] mikewd2 -: yet starting
to get worried doji
[08:14 am] doji
: I am swing Kris
[08:14 am] doji :
I have my stop at breakeven point above my
129 entry in case it sell off
[08:15 am]
shark : NFLX looks like a dead cat
“splat”
[08:17 am] shark : The new
BOEING 787 is gorgeous
[08:19 am]
rusty : SLV spike
[08:21 am]
rusty :
http://www.ajc.com/news/nation-world/milan-fa
shion-designers-invest-1188576.html
[08:21
am] rusty : NFLX lod
[08:23 am]
rusty : selling 1/2 SLV
[08:24 am]
shailan : slv
[08:28 am] shark
: JPMorgan backing away from earlier ipad
downgrade, wonder how many shares they picked
up at lod.
[08:29 am] Kris : lol
shark
[08:31 am] jsn13 : does AGQ’s
gap down today looks like exhaustion gap
Kris? Will it be advisable to open small
swing long?
[08:31 am] ronfrac : TZA
looking interesting DJX breaking down also
RUT
[08:32 am] sonorant : eyes, are
you still in your VMED? looked like you
did a good trade there
[08:33 am]
eyes-inthenow : I’m still in it
wondering if i should close 1/4 position
here
[08:34 am] eyes-inthenow :
.38
[08:34 am] jsn13 : Yup I’m
thinking of opening small position when it
comes back down to the trendline
support..thanks Kris. and also do we need a
green bar on daily for
confirmation?
[08:34 am] sonorant :
Kris, have been just following. Many
questions when it slows down.
[08:35 am]
eyes-inthenow : almost hit it
[08:35
am] pow : zsl coming into
support
[08:36 am] rusty : FDX CEO
FY12 Growth is slower than expected
[08:37
am] eyes-inthenow : out 1/4
.38
[08:37 am] eyes-inthenow : stop
last 1/4 .14
[08:37 am] scalpman :
TNA L @ 35.13
[08:38 am]
eyes-inthenow : 24.26 area
[08:39
am] eyes-inthenow : 24.51
[08:39 am]
mhaus : is it.42?
[08:40 am]
scalpman : Out 1/3 TNA L
[08:41 am]
eyes-inthenow : correct
[08:41 am]
mhaus : MELI had a strong rebound
too
[08:41 am] mikewd2 -: FCX
[08:41
am] sonorant : so where should his
bottom stop be set at? (eyes)
[08:42 am]
candelas : way to go Eyes
[08:42 am]
eyes-inthenow : just under
.26
[08:42 am] sonorant : how come
at the bottom of the consolidation area at
.14, rather than at the top of the
consolidation area at .26?
[08:43 am]
Brent : awesome job Eyes
[08:43 am]
mikewd2 -: long on FCX 32.39
[08:43 am]
scalpman : 2 %
[08:43 am]
scalpman : Out another 1/3 TNA
L
[08:43 am] sonorant : okay, duh —
like putting it Under a round
number
[08:44 am] eyes-inthenow :
Stop 24.24 Vmed
[08:44 am] lightning
: Kris, did you trade any r-gaps or e-gaps
today?
[08:44 am] scalpman : Last
1/3 @ .60 and .30
[08:45 am]
scalpman : 1/6 TNA L @ .80
[08:45
am] sonorant : Kris now is time to move
stop up on Vmed trade, or after it breaks
hod?
[08:46 am] eyes-inthenow : stop
set at 24.24
[08:46 am] scalpman :
Last 1/6 @ .59
[08:46 am] sonorant :
how do you know when to move the stop
up?
[08:47 am] rusty :
http://my.jetscreenshot.com/demo/20110926-5hg
z-143kb.jpg SPY daily
[08:47 am]
scalpman : All out TNA
[08:47 am]
scalpman : Thank you…
[08:47 am]
shark : you rock, scalpy!
[08:49 am]
rusty : FBR cautious on AAPL
[08:51
am] eyes-inthenow : Brent I just
noticed that my stop is at VWAP .24.24 I
should have it a few cents below that
correct
[08:52 am] pow : out of 1/2
zsl
[08:52 am] rusty : sold
ZAGG
[08:53 am] Brent : correct Eyes,
you’ll have the 50ma protecting you too at
the 24.30 area.
[08:53 am] rusty : i
would’ve sold sooner but got tied up…so got
lucky
[08:53 am] shark : awesome
rusty!
[08:55 am] joeytsa : bump
buttons programmed, caveman club is slowly
turning into a scalpel
[08:57 am] Brent :
did you program your buttons Joey?
[08:57
am] joeytsa : i think i have it
correct…have to contact lightspeed about
multiple pages on separate screens
[08:58
am] Brent : cool
[08:58 am] joeytsa
: i only set up penny,nick,dime
bumps
[08:59 am] joeytsa : thanks
for that platform webinar…i really need to
get streamlined
[08:59 am] rusty :
TZOO $ bounce off low
[08:59 am]
sonorant : brent, can you do bumps in
ninja t, or do you just move the arrows, or
go to the DOM?
[08:59 am] storage :
thanks brent cog, short 62.42 cover
61.61
[09:00 am] Brent : I don’t think you
can do bump buttons in Ninja
Sonorant
[09:01 am] eyes-inthenow :
Brent you Like Ninja better than
Lightspeed
[09:01 am] sonorant :
thanks. Do you know how Kris had his
charts set so that at the very top of the
chart it gave the symbol of the stock that
was previously displayed? Can that be
used to toggle back?
[09:04 am] Brent :
yes I do eyes, I like the hot buttons with
lightspeed, but I like trading off the charts
better. Especially with these
strategies where you can be more
patient
[09:04 am] lightning : Were
you looking for a 4% gap?
[09:04 am]
sonorant : Kris ARUN and NFLX
were what?
[09:05 am] eyes-inthenow
: No I did not
[09:05 am] sonorant :
which calls were the R-Gaps?
[09:06 am]
eyes-inthenow : I was out for a
min
[09:06 am] eyes-inthenow : it is
up and just broke 50ma
[09:07 am]
eyes-inthenow : yes
[09:08 am]
eyes-inthenow : Yes for sure
[09:08
am] sonorant : so no longer trying to
stay in the trade?
[09:09 am]
eyes-inthenow : I just bumped stop to
.27
[09:09 am] eyes-inthenow : just
under cons
[09:10 am] sonorant : so
Kris the trade is over? no waiting to
see if there is a bounce off VWAP and open
and previous hod from
yesterday?
[09:11 am] eyes-inthenow
: out last1/4 .28
[09:11 am]
scalpman : Out 1/2 TNA S
fron 35.43
[09:14 am] eyes-inthenow
: That Makes a lot of sense thanks
Kris
[09:15 am] eyes-inthenow : I
did not want to tight of a stop so i had not
thought about that
[09:16 am] garyb
: Thanks Mitch for AGQ!
[09:16 am]
scalpman : Out 1/6 at 35.08 TNA
S
[09:17 am] shailan : Kris,
remember yesterday we look at CDE as a
possible E-gap, what do you think it is
acting?
[09:18 am] scalpman :
sorry…I guess that is support, except I’m
short
[09:18 am] scalpman : TNA
working to break 35 resistance
[09:19 am]
mikewd2 -: doji – did you get stopped on your
NFLX?
[09:19 am] scalpman : All out
TNA
[09:20 am] junior : out half BVN
long
[09:24 am] junior : out all
BVN
[09:25 am] Brent : you have a good day
eyes?
[09:25 am] eyes-inthenow :
Guys I am Done for a while setting up
NT
[09:25 am] joeytsa : re
Lightspeed: according to tech support, you
can’t have separate trading pages loaded at
the same time
[09:26 am] Brent : Joey, are
you not able to drag the windows that you
want to other monitors? or are you trying to
do something else?
[09:26 am] shark
: good work eyes!
[09:27 am] joeytsa
: individual windows are no problem…i can
more charts all over the place….
[09:27
am] joeytsa : what i want is 2 separate
layouts side by side…which i can do with my
schwab street smart edge
[09:27 am]
rusty :
http://www.businessinsider.com/study-stock-tr
aders-are-worse-than-psychopaths-2011-9
Breaking News
[09:27
am] rusty : re Stock traders
[09:28
am] Brent : oh I see
[09:28 am]
joeytsa : i have them all set up
separately, just have to switch back and
forth…
[09:28 am] joeytsa : ie: i
want 1 page with a 1min/2min chart, and then
another page programmed just for a
3minfade etc
[09:29 am]
joeytsa : i will just use my sse as my
other set of eyes
[09:29 am] joeytsa
: it’s the best/only reason why i keep my
schwab
[09:30 am] duckfan : What is
sse Joey?
[09:30 am] joeytsa : sse=
charles schwab active trading platform Street
Smart Edge…
[09:30 am] lightning :
HLF on a run
[09:31 am] duckfan :
Oh, is it a good platform?
[09:31 am]
joeytsa : also, like i was trying to
figure out with lightspeed…
[09:31 am]
joeytsa : cs commission are too high
for daytrading, but decent
charts….
[09:31 am] joeytsa : it’s
almost an updated version of their Street
Smart Pro….
[09:31 am] joeytsa :
yes and no…
[09:32 am] joeytsa : i
can have multiple trading screen setups, and
detach them from the main body and slide them
to different screens
[09:33 am]
duckfan : sounds like a nice
improvement from street smart pro
[09:33
am] eyes-inthenow : Brent does Kenetick
50 feed cover all feed
[09:33 am]
joeytsa : right now i use 4 different
setups, but using lightspeed for my
trading
[09:34 am] joeytsa : i can
live with $20 rt if i am making $3000 on a
trade, but not if i am scalping for $100 for
example
[09:34 am] joeytsa : it is
pretty clean..again, don’t daytrade with
it…passable for trading multi-point
swings/intermediate term trades
[09:36 am]
joeytsa : i think sse does have a chart
limit though
[09:36 am] joeytsa :
which i think is 10
[09:36 am]
sonorant : no, it covers some
feeds. I am paying more — over 90 to
get level 2, but am not using level 2.
I think runs around 70. Have you
tried getting a free TD Ameritrade account so
you can use their feed? I have no
memory of how I got mine, but I am sure I
didn’t put any (or much) money in it.
Maybe $10 is anything
[09:37 am]
sonorant : if anything
[09:42 am]
lightning : LOL, bad ticks across the
board
[09:42 am] mikewd2 -: NFLX at
lod
[09:44 am] lightning : bad as in
an error
[09:44 am] lightning :
every chart I have up shows a huge wick at
12:41
[09:44 am] lightning : shark,
look at the big SPY wick, TNA wick,
etc. Must have been bad
[09:44
am] shark : you mean “weak”.
[09:44
am] topdogrex : short HLF @57
[09:45
am] doji : Bank of Israel cuts interest
rate by 25 bps to 3%
[09:45 am] doji
: Markets dropping
[09:45 am] rusty
: Germany says no plan to boost euro rescue
fund
[09:45 am] sonorant : eyes,
still watching the VMED — it is just sitting
there at the consolidation area.
I see why Kris wanted you to get out after
the lower high.
[09:47 am] doji : It
look like it want to drop further and test
the 25 low
[09:47 am] eyes-inthenow
: I have a question if i have esignal can i
use the data feed on NT and esignal
[09:47
am] junior : out half HLF
short
[09:47 am] shark : i had that
too, lightning, it’s gone now
[09:48 am]
Brent : you can use Esignal Eyes, but you
would save money by canceling Esignal and
buying Kinetick
[09:48 am]
eyes-inthenow : I am trying to set it
up
[09:48 am] eyes-inthenow : Kris
What is a good price for kenetick
[09:48
am] shark : looked like an error or
some quirk
[09:48 am] sonorant :
Kris, what did you do to your NT charts so
that the very top of your chart displayed the
previous chart that you were just
on? Could you switch back and
forth? (just the symbol of previous
chart)
[09:49 am] eyes-inthenow :
that is what i thought
[09:49 am]
junior : lightning thanks for HLF
alert
[09:49 am] lightning : glad
you took it. I was hoping it was going
to his 58.50 before I shorted….so I missed
it
[09:50 am] Brent : Kinetick is $50 for
data, then another $20 for market depth/level
2
[09:50 am] junior : yeah, it made
me a little nervous there for awhile but
finally broke and worked out, thanks
again
[09:50 am] sonorant : it was
there the last webinar — the grey line on
the top of the chart listed your previous
chart symbol. The lighter grey below
that listed the current chart symbol.
Had me really confused for a while, then I
thought it was kind of a nice
feature.
[09:51 am] doji : See you
guys, a busy day.
[09:51 am] junior
: out all HLF 56.30
[09:51 am]
lightning : nice trade junior
[09:51
am] lightning : sorry junior, I meant I
was waiting for 57.50 on HLF
[09:52 am]
Brent : I mean Doji
[09:52 am] Brent :
take care hangman
[09:52 am] junior
: “doji”
[09:52 am] junior : thanks
light, see ya dofi
[09:52 am] rusty
: HPQ lod
[09:53 am] sonorant :
lightning — yeh, the $57.50 was sort of the
3% point…
[09:54 am] Brent : I didn’t
trade it, but look at the 15min chart on
HLF
[09:54 am] Brent : see consolidation
three days ago around 57.20 area?
[09:54
am] lightning : that spike is not a
real spike on HLF, just like in SPY and
TNA
[09:55 am] lightning :
yes
[09:55 am] sonorant : oh yeh —
well that explains the turnaround point
thanks.
[09:56 am] Brent : that was long
consolidation area which would provide
resistance coming back up. The longer
the consolidation, the more significant in
the future
[09:56 am] lightning :
makes sense
[09:57 am] junior : thx
Brent, see it, appreciate you pointing it
out.
[10:00 am] Brent : are you still
trying to connect Esignal to Ninja
Eyes?
[10:01 am] Brent : ok
[10:01 am]
eyes-inthenow : No Brent I am looking
at my options With Kenetick
[10:02 am]
sonorant : at least from the
perspective of when you called them — not
from a perspective of how the day
developed.
[10:02 am] sonorant :
Kris, I could still use some clarification on
the first trades of the day. My
best guesses were that CREE was a reversal
gap that went south, that ARUN was a
breakout, that VMED was a reversall gap, and
that KMB was a breakout??
[10:03 am] Brent
: R gaps need to be a minimum of 4% sonorant,
Cree only gapped up 2
[10:03 am]
eyes-inthenow : In kenetick when you
are on there Site Click on Data Features and
just below you can Read how to eliminate CME
charges
[10:03 am] mhaus : I had
esignal for a 30 day trial and I didn’t have
any problems connecting to NT7
[10:03 am]
sonorant : well so much for that theory
😉
[10:04 am] Brent : yes, same way you
can eliminate them with Esignal Eyes, If you
have a futures account with a broker and are
actively trading
[10:04 am] mhaus :
I later switched to Kinetick
[10:04 am]
sonorant : what are CME charges?
maybe I am paying them, and that is why my
fee is so high
[10:05 am] Brent : book em
Dano
[10:05 am] Brent : CME charges are
usually around $68
[10:05 am] Brent : lol,
take care
[10:05 am] Brent : per
month
[10:05 am] dano : …thnx all,
you 2
[10:05 am] dano : another day
of learning in the books. Off to the grind we
go. Good day and good trading
everyone.
[10:05 am] shark : hasta
luego, Dano
[10:06 am] eyes-inthenow
: Brent so is there 50 dollar fee all i
need
[10:06 am] shark : Chicago
Mercantile Exchange
[10:06 am]
sonorant : thanks joey and shark — so
you only need that if you want to trade pork
bellies?
[10:06 am] sonorant : what
does CME stand for?
[10:07 am] Brent : so
$70 total
[10:07 am] Brent : you need
that, and probably the market depth for $20
which will give you level 2 data
[10:07
am] eyes-inthenow : Cool
Thanks
[10:07 am] joeytsa :
sonorant: to me CREE in hindsight looks like
an Egap not an Rgap because the gap
faded
[10:07 am] shark : oil, gas,
other commodities too
[10:08 am]
joeytsa : but it doesn’t qualify as
either
[10:09 am] mhaus : Brent, in
Kinetick, what is the $5 additional fee for
Nasdaq, $5 for Nyse and $5 for
Amex?
[10:09 am] mhaus : I have
checked these 3 options too
[10:09 am]
sonorant : The gap is 50 cents on a $28
dollar stock — so less than
2%. I toiled over these
first morning calls trying to make sure
I understood them — and I still
don’t
[10:10 am] Brent : let me look
mhaus, I haven’t subscribed to them
yet
[10:10 am] joeytsa : i am still
getting used to %, on gaps i look for
the biggest $ change..but that’s why all
traders are different….
[10:10 am]
mhaus : Do I need them?
[10:10 am]
sonorant : going to go look at my
kinetick scenario while under discussion
here
[10:11 am] shark : Die, NFLX,
die!
[10:12 am] joeytsa : I’m
working on learning Kris’s gap play and hope
to add it to the tool box
eventually
[10:12 am] mhaus :
Thanks. Just want to know if those were
included in the $50 base fee and if I added
them in waste.
[10:12 am] rusty :
not nice to route against the table
[10:12
am] sonorant : live NFLX
live!
[10:13 am] joeytsa : trading
is an art, so i am getting used to seeing a
trade one way and kris for example seeing it
the other way
[10:14 am] Brent : depends
on how you trade it
[10:14 am] Brent :
yep, there’s two ways to a trade, sometimes
they are both right
[10:14 am]
joeytsa : again kris,brent,mitch use
precision knives….and i have my louisville
slugger
[10:14 am] sonorant : I
know, but I would at least like to understand
how he is seeing them — then I can decide if
I see it the same way…
[10:15 am]
joeytsa : but that is from how i
learned originally
[10:15 am]
joeytsa : especially on gaps..sometimes
you guys call a long, and all i see is a
short
[10:15 am] joeytsa : yeah
brent…
[10:16 am] Brent : right, well
IMGN could’ve been both. R Gap to go
long, did move up over 3%, then market sold
off, and it was a decent short when it
started to fill the gap
[10:17 am] Brent :
that’s why flexibility is important
[10:17
am] joeytsa : to me INGN, wasn’t big
enough move for me…but i would have gone
short…
[10:18 am] eyes-inthenow :
does anyone have a number for kenetick i
can’t find one
[10:18 am] joeytsa :
to me BIDU,NFLX were both auto market
open shorts with AGQ an auto market open
buy
[10:19 am] rusty :
http://www.kinetick.com/
[10:20 am]
sonorant : I’ve given up on the
kinetick conversation — can’t do both —
need to look at gaps.
[10:20 am]
sonorant : Joey, why was IMGN a short
to you?
[10:21 am] Brent : it looks like
you need those $5 subscriptions
mhaus
[10:21 am] Brent : so basic service
$50, $20 for market depth, and $5 each for
NYSE Nasdaq and AMEX
[10:21 am]
joeytsa : sonorant: again, i wouldn’t
have played it, but would have shorted the
gap up, my assumption being it’s an
overreaction
[10:21 am] mhaus : It
is owned ny Ninja Traders. You may want to
call Ninja Trader Sales or support.
[10:21
am] mhaus : right. That’s what I
have
[10:21 am] mhaus : Thanks
Brent
[10:22 am] eyes-inthenow : so
85 a month
[10:22 am] joeytsa :
trying to time them better with indicators
also now
[10:22 am] sonorant :
Ohhhhhh — and waited to short it after it
turned?
[10:23 am] Brent : yes Eyes, just
double checked with Kris. That is what
he has
[10:23 am] joeytsa : i
wouldn’t have played IMGN for 2 reasons, not
a big enough gap and i usually avoid lower
priced stocks..just from my own
journal
[10:23 am] joeytsa : in
hindsight yes..but my old training on gaps
usually has me shoot first ask question
later haha
[10:24 am] joeytsa
: had to do with uptick/zero tick
rules
[10:24 am] joeytsa : that’s
why i love it here at TSA, i am learning some
different effective strategies
[10:24 am]
rusty : NFLX 10 points off
hod
[10:25 am] rd : hi kids. Just
got here. Real estate hairballs this am. hope
you are all trading well.
[10:25 am]
sonorant : so what about
CREE?
[10:26 am] joeytsa :
CREE…not enough of a gap, but a short
nonetheless
[10:26 am] sonorant :
now I can’t even find when it was
called!
[10:27 am] joeytsa : i look
for at least $1 gap, but prefer $2 and
higher
[10:27 am] joeytsa : Kris and
Brent like using % moves…but for me that
just too much math at 6am
[10:27 am]
sonorant : 6:32 — looking for a
pullback to take CREE long
[10:28 am]
joeytsa : i see that sonorant..my play
would have just been to short at open, set my
stop and see what happens…
[10:28 am]
sonorant : CREE did pull back alright
— but that was because of the market.
but what was the original thought — before
the market started acting like a
stone?
[10:28 am] sonorant : that
would make it simple…
[10:29 am]
joeytsa : gap fade was the
thought..actually its usually my only thought
haha
[10:29 am] joeytsa : it’s a
cookie cutter approach for now, until i dig
into the TSA gap plays
[10:30 am]
joeytsa : kris’s gap play is much more
“thoughtful” then mine
[10:30 am]
joeytsa : small gap, which is why i
wouldn’t have played it at all
[10:30 am]
sonorant : because it was on a downward
trend? it did gap up — but less than
2%
[10:30 am] sonorant : it is not
breaking out.
[10:31 am] sonorant :
yesterday I thought I had a glimmering of
understanding, but now I am just totally
confused again.
[10:32 am]
joeytsa : don’t follow my
stuff
[10:32 am] sonorant : thank
you!!
[10:33 am] joeytsa : i am
trying to implement the TSA strategies with
my own
[10:33 am] sonorant : all
input is useful
[10:39 am] sonorant
: mikewd — can you put the first calls from
this morning into the framework from
yesterday?
[10:40 am] sonorant :
VMED was not even a 1% gap up, and there was
no breakout that I can see (thought that
doesn’t say much)
[10:41 am] joeytsa
: VMED was on a 4cent gap, if you even what
to call it that
[10:42 am] sonorant
: 4 cent gap? I have from $24.05
to $24.20
[10:43 am] joeytsa : hmmm,
i have prev close 24.05, today’s open
24.09
[10:43 am] sonorant : oh
dear…. that is what my chart looks
like, but most unfortunately, it is not where
the line is being drawn in for today’s
open.
[10:44 am] derns :
Mitch/Kris/Brent…given the drop in NFLX
today, any thoughts on closing the swing long
or are you still relatively
positive?
[10:44 am] joeytsa :
maybe, but you have to trade from your
chart
[10:44 am] rusty : TZOO back
down
[10:44 am] sonorant : I think I
may have an issue with my clock.
[10:45
am] joeytsa : not sure if
kris,brent,mitch agree…but i usually avoid
daytrading stocks with small daily
ranges
[10:45 am] mikewd2 -: guys thoughts
on NFLX swing?
[10:45 am] sonorant :
yes, it needs to be fixed.
[10:47 am]
mikewd2 -: NSC looks like a decent
swing
[10:47 am] sonorant : what
time do you have in minutes and
seconds
[10:48 am] qwert :
13:48:30
[10:49 am] joeytsa : schwab
says 13.49
[10:49 am] lightning :
13:49.15
[10:49 am] sonorant : i am
at least 15 second behind — on the computer
clock. Thanks guys.
[10:52 am]
lightning : idcc dropping
hard
[11:00 am] candelas :
IDCC
[11:02 am] eyes-inthenow : Kris
Do you recommend a Multiple broker for nt or
just single
[11:03 am] lightning :
HYG moving up hard
[11:04 am]
candelas : out 1/2 IDCC 51.91
[11:06
am] mikewd2 -: go TNA
[11:09 am]
candelas : out all plus 2.85
[11:09
am] candelas : stopped last 1/2 IDCC
49.06 b/e
[11:10 am] Brent : depends on if
you are only going to link IB with it or
not. I would imagine you could always
upgrade down the road if you needed
to
[11:10 am] Brent : that’s for
Eyes
[11:10 am] candelas : 2.85
points
[11:10 am] candelas : thx
Mike
[11:10 am] mikewd2 -: good job
ed
[11:10 am] mikewd2 -: still looks
weak
[11:11 am] candelas :
does
[11:11 am] eyes-inthenow :
thanks Brent
[11:11 am] junior :
VSEA
[11:11 am] lightning : VSEA
dropping hard
[11:12 am] lightning :
sorry, not so hard…but VSEA
dropping
[11:15 am] junior : IDCC
getting no love
[11:15 am] mikewd2 -:
Mitch, SOHU still a good swing?
[11:16 am]
lightning : IDCC like a pimply teenage
geek with braces
[11:16 am] mikewd2 -: but
that jump off 42 was take out rumor
[11:16
am] mikewd2 -: support closer to 42
[11:17
am] joeytsa : about a 1second
difference between ls and schwab
[11:17
am] lightning : that’s right
Mike. It may head back there
today!
[11:18 am] mikewd2 -: could IDCC
set up for the 3min fade?
[11:19 am]
joeytsa : i don’t see why not
mike
[11:19 am] lightning : the next
IDCC support is about 41.25.
[11:20 am]
djoyner57 : Mitch, Is it time to go
long GLD on swing?
[11:20 am] mikewd2 -:
try to short at 50, no shares
[11:21 am]
mikewd2 -: wonder if Brent is
salivating?
[11:25 am] derns : I
thought about adding to my NFLX swing at
127…wish I had!
[11:25 am] mikewd2 -:
first green candle, next candle higher so
should be a 3min fade play – yes?
[11:25
am] mikewd2 -: I’m in we will see.
[11:26
am] Brent : I usually stay small on these
mikewd cause my stop is so low
[11:27 am]
Brent : 1% from avg entry
[11:27 am] Brent
: you should have it by now
[11:27 am]
candelas : out 1/2 IDCC 46.36
[11:27
am] mikewd2 -: forgot when to get out
half?
[11:27 am] mikewd2 -: ok,
done
[11:27 am] topdogrex : NFLX
moving up
[11:28 am] Brent : you switch to
1 min now mikewd?
[11:28 am] joeytsa
: cross above 1st green candle wick is 2nd
1/2
[11:28 am] joeytsa : if i
understood things right
[11:28 am]
joeytsa : mike: close of 1st green
candle would be the entry, correct
[11:28
am] lightning : IDCC has been very good
to me today.
[11:28 am] mikewd2 -: i was
in 45.67
[11:29 am] candelas : I 2nd
that
[11:29 am] lightning : From red
to green day
[11:29 am] lightning :
i think I’ll leave IDCC alone from here
though
[11:29 am] mikewd2 -: my stop is
even money
[11:29 am] neuronx : IDCC
looks nice Mike
[11:29 am] neuronx :
in too
[11:30 am] Brent : that’s correct
Joey, the only thing I take under
consideration (being more conservative) is
with an entry of 45.67 your stop is at 43.95,
so I would normally only take 2nd half on a
pullback. a lot of potential in this
trade even with only half position.
[11:31
am] Brent : still looking strong
though
[11:31 am] Brent : you take more
off at 46.98? mikewd?
[11:31 am]
joeytsa : got ya, thanks for the
reminder Brent…great strategy..slowly
adding this one
[11:31 am] mikewd2 -: was
in with only 300 shares, so still have 150 –
a bit nervous
[11:32 am] Brent : final
target will be around 49.00 with the vwap,
but taking profits as it moves up and
trailing your stop
[11:32 am]
candelas : out another 1/4 IDCC
46.98
[11:32 am] joeytsa : i have my
3minfade chart on the side…been trying to
watch the side by side 1min/2min charts per
Mitch’s webinar
[11:33 am] Brent : F3 for
you ninja traders as I learned from Kris,
lol
[11:33 am] Brent : you can draw a
trendline on the one min now
[11:33 am]
candelas : trailing last 1/4
IDCC
[11:33 am] joeytsa :
haha
[11:34 am] joeytsa : beauty of
a trade mike !!!
[11:34 am] trader28
: Does anyone know what the correct settings
are for Stochastics with Schwab Streetsmart
Edge?
[11:35 am] neuronx : IDCC
might push to 50 s area >
[11:36
am] Brent : nice job Mike, good
trade
[11:36 am] joeytsa : trader28:
8,7,6 works
[11:36 am] joeytsa :
very good mike
[11:36 am] junior :
watching PFCB
[11:36 am] mikewd2 -: i got
stopped
[11:36 am] mikewd2 -: thanks Brent
– was scared to go too big on this
one
[11:36 am] neuronx : nice call
Mike
[11:37 am] joeytsa : you saw it
set up and made the call…well
done
[11:37 am] junior : nice trade
mikewd2
[11:37 am] mikewd2 -: almost paid
for the webinar!
[11:37 am] mikewd2 -:
Brent, should i have added more at some
point?
[11:38 am] joeytsa : could be
just the difference between how schwab looks
compared to esignal,nt maybe
[11:38 am]
neuronx : I am adding 47.6
[11:38
am] trader28 : joey I tried that and it
doesn’t seem to match the settings I saw on
the TSA charts that Brent, Kris and Mitch
have
[11:39 am] mikewd2 -: good job
neuronx, i had too tight of stop – i know my
mistake
[11:39 am] neuronx : i got
my stop below 46 was my entry get out 3/4 on
47 as Brent recommend
[11:40 am] mikewd2
-: etrade had no shares on short
[11:40
am] mikewd2 -: i didn’t, Candelas called the
short i think and i just continued to
watch
[11:40 am] mikewd2 -: right 47.6
looks like right to me – did you sell 1/2 at
1% profit?
[11:40 am] neuronx : Mike
what scanner you use to find that move
[11:41 am] eyes-inthenow : Brent I
Purchased the NT For some reason i cannot
import the files Kris gave
[11:41 am]
neuronx : so you got 3min fade setup on
etrade scanner Mike?
[11:41 am]
trader28 : But then there are 3
stochastic lines right?
[11:43 am] mikewd2
-: btw – thanks Lightning
[11:43 am]
mikewd2 -: lightning called IDCC and i
couldn’t short.
[11:43 am] mikewd2 -: no
wasn’t scanning, just monitored the 3min
chart after the short was over.
[11:44 am]
Brent : VWAP is going to hit, lol
[11:44
am] candelas : moving stop last 1/4
IDCC 47.67
[11:44 am] lightning : I
couldn’t short IDCC, took it long 3 times for
nice gains
[11:44 am] lightning : No
neuronx, no e-trade scanner.
[11:44 am]
neuronx : I want to short too but was
too late
[11:44 am] neuronx :
Lightning you got etrade scanner?
[11:45
am] candelas : ur the man
Brent
[11:45 am] joeytsa : i wish i
had VWAP
[11:46 am] lightning : good
for you neuronx. I’m out and
satisfied.
[11:46 am] neuronx :
still long IDCC thanks Ligtning and
Mike
[11:47 am] lightning : no
shares for me
[11:47 am] neuronx :
you got something on short
Lightning?
[11:48 am] mikewd2 -: dang – i
screwed up with the trailing stop. I knew
where i should have put it! and i would have
still been in the trade.
[11:49 am]
mikewd2 -: except adding a 2nd
helping.
[11:49 am] mikewd2 -: it’s so
clear how i should have played it
[11:51
am] qwert : bye everyone see ya
tomorrow have a great rest of the
day
[11:53 am] candelas :
IDCC
[11:53 am] neuronx :
IDCC
[11:54 am] eyes-inthenow : Het
Kris I just purchased NT for some reason I
cannot import your files
[11:55 am]
junior : AMRN
[11:58 am]
candelas : out all IDCC 49.33
[11:59
am] dan : Candelas, what is your entry
on IDCC?
[11:59 am] mikewd2 -: Brent was
right about it hitting 50
[12:00 pm]
candelas : 2nd time long 45.03
Dan
[12:00 pm] Kris : I hope you guys made
good money on that trade.
[12:01 pm]
mikewd2 -: NFLX coming back nicely
[12:01
pm] sonorant : I missed it too — just
been reading about it. almost the same
— but not quite!!!!
[12:02 pm] Brent :
good one on AMRN Junior
[12:02 pm]
dan : 44.51
[12:03 pm] mbear :
IDCC trade beautiful, was out of the room and
missed it.. great job all
[12:04 pm]
topdogrex : nflx running
[12:05 pm]
rusty : selling 1/2 NFLX again into
strength
[12:06 pm] candelas : great
entry though
[12:06 pm] candelas :
that was avg. price Dan had multiple
buys
[12:06 pm] rusty :
imo
[12:06 pm] rusty : NFLX is not
one to buy on strength or sell on
weakness
[12:07 pm] candelas : good
old 50 came into play
[12:07 pm]
candelas : speaking of idcc
[12:08
pm] joeytsa : leaving early
today…great job today, see everyone
tomorrow
[12:08 pm] joeytsa : more
studying to do later..working on a few ideas,
one major one that kris gave out
[12:08
pm] Kris : have a good one joey
[12:11 pm]
Kris : NFLX moving up
[12:15 pm]
candelas : Kris can u find another
boring trade that’s very very high
probability????
[12:15 pm] rusty :
http://my.jetscreenshot.com/demo/20110926-cxm
x-143kb.jpg SPY back to lower channel
line
[12:20 pm] shark : CMG
running
[12:22 pm] mikewd2 -:
LAZ?
[12:25 pm] lightning : watching
OPEN for short opportunity
[12:27
pm] sonorant : Brent — OPEN?? 3 min
fade?
[12:28 pm] lightning : I’m not
crazy about that prior high on OPEN at
48.43.
[12:28 pm] sonorant : looks
to you like it is trending
lightning?
[12:29 pm] lightning : i
may take a 1/2 position sonorant. It’s late
in the day.
[12:29 pm] mhaus : Ok
guys, I am done for the day. Have a good
evening. Talk to you all tomorrow.
[12:29
pm] sonorant : or ???
[12:30 pm]
Brent : take care mhaus
[12:31 pm]
sonorant : that is a bullish red
candle, isn’t it?
[12:32 pm]
sonorant : okay, so Brent, what was
your reasoning on being careful?
[12:33
pm] Brent : which stock are you talking about
sonorant?
[12:33 pm] sonorant : oh,
never mind, I misinterpreted you goodbye to
mhaus — but any thought on it
anyways?
[12:33 pm] sonorant :
OPEN
[12:34 pm] Brent : for 3 min
fade?
[12:34 pm] Brent : Not enough money
in it for me sonorant
[12:34 pm]
sonorant : at the point when we were
looking at it, the first upper red candle was
just forming
[12:35 pm] Brent : counting
back from 2:54
[12:35 pm] Brent : plus the
bigger thing
[12:35 pm] Kris : TZA/TNA
have been having good money
[12:35 pm]
lightning : watching APKT for possible
short
[12:35 pm] sonorant : counting
back from ?
[12:35 pm] sonorant :
yes, 3 min fade
[12:36 pm] Brent : the
stochastics on the daily are at the bottom,
indicating it wants to move up
[12:36 pm]
Kris : counting from the last level of
support plus it moved over 23.00 which was
early double bottom support
[12:36 pm]
Kris : so not a good spot to take a short on
it. R/R ratio not good
[12:36 pm]
Kris : so you would hit 23.00 and have
trouble like it’s doing now, then 22.70 if
you can even break 23.00
[12:37 pm] Brent
: make sense?
[12:37 pm] Brent :
stochastics over 80 on daily, no 3min fade
long
[12:37 pm] Brent : stochastics under
20 on daily – no 3min fade short
[12:37
pm] Kris : best to pass and keep scanning or
study your other trades from today.
[12:37
pm] mikewd2 -: entered swing on NSC, SOHU
today
[12:37 pm] rusty : good points
brent
[12:37 pm] shark : NASDAQ
hod
[12:37 pm] sonorant : Brent
thanks, great reminders!, yes makes
sense
[12:38 pm] mikewd2 -: all 3 meet the
criteria (i hope)
[12:38 pm] mikewd2 -:
also entered swing on SLB
[12:38 pm]
neuronx : thanks Kris
Brent
[12:39 pm] Brent : cause it’s
rare
[12:39 pm] Brent : I have a couple
exceptions to that rule, but it’s best not to
confuse you right now learning it. I’ll
show you if it happens
[12:39 pm] mikewd2
-: on which trade Brent?
[12:39 pm]
sonorant : sounds great,
thanks!
[12:40 pm] Brent : I was talking
to Sonorant about OPEN
[12:41 pm] Brent :
now don’t confuse the stochastics on the
daily with the other strategies you
learned. That just applies to 3min
fade. Breakaways and gaps are
different
[12:42 pm] rusty : looking
to restart WFM swing short …..often closes
hod
[12:44 pm] sonorant : have we
had a good example of a breakaway or a gap
today? textbook
classic?
[12:45 pm] lightning :
well, APKT may end up turning down today, but
it’s too late for me.
[12:45 pm]
rusty : SLV hod
[12:45 pm]
rusty : SLV volume high but not higher
than yesterday (yet)
[12:46 pm] mikewd2 -:
u entered swing on SLV, rusty?
[12:46 pm]
rusty : yes, sold 1/2 earlier
[12:47
pm] Kris : I can’t remember
[12:47 pm]
Kris : someone was asking me about AGQ
earlier
[12:47 pm] Kris : wondering if
they ended up taking any on a
pullback
[12:47 pm] mikewd2 -: u said not
to enter until around 100
[12:47 pm]
rusty : as it moved up fast
[12:48
pm] garyb : now it’s 114!
thinking of holding it!
[12:48 pm]
garyb : yes…I bought some at 100
Kris!
[12:48 pm] mikewd2 -: good
job
[12:48 pm] mikewd2 -: i got in SLV,
but dumped for some profit
[12:48 pm]
mikewd2 -: u still have it
garyb?
[12:49 pm] garyb : So I will
probably hold it Kris &
Mike
[12:49 pm] garyb : Thanks
Mike…I was worried this morning as I
thought I bought too early
[12:49 pm]
mikewd2 -: but it’s back even, for the
swing
[12:49 pm] mikewd2 -: yeah i got
into several stocks too early this morning.
SOHU was one
[12:49 pm] sonorant :
Candles, did you go short on IPCC? or
just the longs?
[12:50 pm] garyb :
in fact I may add on
[12:50 pm] mikewd2 -:
set a reasonable stop where you still make
money
[12:51 pm] garyb : bought TNA
for a swing also…but kinda ify on that
one
[12:51 pm] garyb : today is a
green candle on tna..I may hold….darn thing
is this Europe news that keeps me on
edge
[12:51 pm] mikewd2 -: dang, sold my
TNA at 35.17 as it hit resistance and fell
back some
[12:51 pm] mikewd2 -: it will be
nice to have a few days like this.
[12:53
pm] junior : see everyone
tomorrow….thanks brent & kris
[12:53
pm] mikewd2 -: i worried that NFLX closed
lower.
[12:53 pm] mikewd2 -: than
open
[12:57 pm] garyb : It will
close higher..yahoooo!
[12:58 pm]
garyb : DOW +280 good
day!
[12:58 pm] mikewd2 -: not great
volume today, could be an issue
[01:00 pm]
lightning : Thanks TSA and
everyone. See you tomorrow
[01:00
pm] lisas : Thanks Brent
[01:00 pm]
lisas : Thanks Kris!
[01:00 pm]
sonorant : thanks much brent, see you
tomorrow! thanks Kris!
[01:06 pm]
storage : thanks everyone great day
road idcc down then back up best trade
i have made |
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