[06:13 am] Ed : good morning
traders
[06:32 am] Mitch K: watching CVLT
for bottom
[06:32 am] Mitch K: watching
NTGR, take time
[06:32 am] Mitch K:
watching PNR for bottom
[06:32 am] Mitch
K: watching TWTC for top to short
[06:33
am] Mitch K: watching V for top
[06:33 am]
Mitch K: watching ILMN for top
[06:33 am]
Mitch K: watching COF for top
[06:33 am]
Mitch K: watching ADSK for bottom
[06:34
am] Mitch K: watching CELG for top
[06:34
am] Mitch K: watching LVS, WYNN
today
[06:34 am] Mitch K: watching COG for
top
[06:34 am] Mitch K: watching GS
today
[06:35 am] Mitch K: watching SYK for
bottom
[06:35 am] Mitch K: watching OLN
for bottom
[06:35 am] Mitch K: watching
TAP for bottom
[06:36 am] Mitch K:
watchign MLM for top
[06:36 am] Mitch K:
watching VMC for top
[06:36 am] Mitch K:
watching CTRX for top
[06:36 am] Mitch K:
watching CTL for bottom
[06:37 am] Mitch
K: monitoring NSM
[06:37 am] Mitch K:
watching LEA for top
[06:37 am] Mitch K:
watching M for top
[06:38 am] Mitch K:
watching VRX for top
[06:38 am] Mitch K:
watching ALV for top
[06:38 am] Mitch K:
watching THLD for bottom to buy
[06:39 am]
Mitch K: watching TAP closer for
bottom
[06:39 am] Mitch K: watching SIG
for bottom, low vol
[06:39 am] Mitch K:
watching BTH for top
[06:40 am] Mitch K:
watching for long exit on CTL
[06:41 am]
Mitch K: watching ALGN for top
[06:42 am]
Mitch K: watchign ENDP for top
[06:42 am]
Mitch K: monitoring BIDU, no hurry
[06:42
am] Mitch K: watching MCRS for
bottom
[06:42 am] Mitch K: watching CTRX
to cover soon
[06:43 am] Mitch K: watching
COF to cover short
[06:43 am] Mitch K:
watchign NSM for top to short
[06:44 am]
Mitch K: monitoring SAP, not enough movement
yet
[06:45 am] Mitch K: watching ILMN
closely to cover soon
[06:46 am] Mitch K:
watching ADSK to close long soon
[06:46
am] Mitch K: let V run, financials take
time
[06:47 am] Mitch K: watching OLN for
sell exit on long
[06:48 am] Mitch K:
watching VMC to cover soon
[06:48 am]
Mitch K: waiting for CTRX bottom to cover
short, soon
[06:48 am] Mitch K: watching
SYK for exit point on long
[06:49 am]
Mitch K: consider reducing THLD long
soon
[06:49 am] Mitch K: watching NSM
closer for top
[06:49 am] Mitch K:
consider covering MLM
[06:51 am] Mitch K:
watching MSM for bottom (Mike, SIerra
Mike)
[06:51 am] Mitch K: consider selling
SIG
[06:52 am] Mitch K: dont like
MCRS
[06:52 am] Mitch K: cover CTRX
anytime
[06:52 am] Mitch K: ALGN
toppy
[06:52 am] Mitch K: consider selling
CTL soon
[06:53 am] Ed : getting pullback
in SPY
[06:55 am] Mitch K: TRW trades both
ways today
[06:55 am] Mitch K: more
downside on NSM (November Sierra
Mike)
[06:57 am] Mitch K: watching EAT for
bottom
[07:04 am] Mitch K: watching AGU
for top
[07:04 am] Ed : nice bounce in
SPY
[07:05 am] Mitch K: watching MSM for
long exit
[07:06 am] Mitch K: consider
selling SYK
[07:06 am] Mitch K: consider
selling SIG if long
[07:06 am] Mitch K:
consider selling BGS
[07:10 am] Ed :
monitoring GD for potential short, no
hurry
[07:10 am] Mitch K: watching FAST
for top
[07:10 am] Mitch K: watchign WYNN
for 2nd helping short
[07:14 am] Mitch K:
watching NSM for 2nd helping short
[07:14
am] Mitch K: more downside on ENDP
short
[07:19 am] Ed : GMCR weak not
participating so far
[07:22 am] Ed :
Advanced trade if GMCR lose 23.40 with strong
vol for potential short
[07:26 am] Mitch
K: The U.S. ISM rise to 51.5 in September
from 49.6 in August
[07:26 am] Mitch K:
thats what caused the spike
[07:37 am]
Mitch K: 2nd helping short CTRX
[07:49 am]
Mitch K: watching TRW for more shorts
today
[07:57 am] Ed : If u took GD short
would cover some here
[07:59 am] Ed : on
GMCR short placing my stop 23.49
[08:00
am] Ed : if dont get this drop may stop it
for breakeven
[08:01 am] Ed : out all GMCR
for .01 loss
[08:56 am] Ed : getting nice
pullback in SPY
[08:58 am] Mitch K: low of
day on SPY
[09:46 am] Ed : yep still
getting flat line pretty much in
stocks
[09:49 am] Ed : getting some
selling in markets
[09:50 am] Mitch K: low
of day in SPY
[10:05 am] Ed : BMC
alert
[10:07 am] Ed : BMC explorering
sell
[10:10 am] Ed : would cover some BMC
short here
[10:10 am] Ed : more selling in
SPY
[10:11 am] Ed : SPY new lod
[10:18
am] Mitch K: on CL
[10:18 am] Mitch K: you
want these 4 trades, not the chop
after
[10:19 am] Mitch K: that box that
says no, you dont touch any signals there,
chop is loser trades
[10:19 am] Mitch K:
or on any chart
[10:20 am] Mitch K: got 2
good trades and left it alone
[10:20 am]
Mitch K: look at this chart, switch or have
up other charts like Gold here
[10:20 am]
Mitch K: just look at something
else
[10:21 am] Mitch K: if you have
discipline to avoid choppy charts, then you
won over half the battle
[10:21 am] Mitch
K: silver, i havent touched it, was good very
early this morning though before stocks
opened,
[10:22 am] Mitch K: discipline,
emotional control is where you get paid the
most to control
[10:22 am] Mitch K: silver
does very well early early
[10:24 am]
Mitch K: Whale didnt control emotions or
position sizes, same problem we are faced
with
[10:24 am] Mitch K: doesnt matter if
you are a new trader or a seasoned
professional at JP Morgan’s London office,
lol
[10:25 am] Mitch K: when you are not
makign money look the first thing to do is
wait for higher qulaity trades
[10:26 am]
Mitch K: second thing to do is evaluate what
you are thinking, its probalby some
destructive thoughts
[10:27 am] Mitch K:
so you start building leveraged positions,
more than you should. and then chase
low quality ideas. these are very
typical things i see, all
destructive
[10:27 am] Mitch K: you might
be thinking you need to make up for past loss
or losses. you might be thinking you
got to make money for some specific
reason.
[10:29 am] Mitch K: let me show
you one more chart
[10:29 am] Mitch K: am
i right or right?
[10:30 am] Mitch K: this
is gold, just got sell signal
[10:30 am]
Mitch K: this kind of chart, big swings,
repeated moves
[10:30 am] Mitch K:
reinforcing to you. this is what you
should be trading
[10:31 am] Mitch K:
understand?
[10:31 am] Mitch K: signal
comes, you take the trade, then
wait
[10:31 am] Mitch K: when you see one
exaggerated move in futures, then you get
ready for the reversal, wait for
signal
[10:32 am] Mitch K: just monitor
though. dont be telling yourself you
got to make a trade or make something
happen.
[10:32 am] Mitch K: the bottom of
that big silver drop, was worth a long but
when it got choppy, stay away
[10:33 am]
Mitch K: you want to make money, lots of
it? then trade this chart
[10:33 am]
Mitch K: this is back to gold chart
[10:33
am] Mitch K: burn to your brain
cells
[10:33 am] Mitch K: you let the
market present good trades and then you be
ready, you cannot force profits to
come. just wait, thats the hardest
part, waiting for that previous chart to
setup
[10:34 am] Mitch K: we are not
trading for entertainment. we are
trading to make money
[10:34 am] Mitch K:
you want to lose money? i show you next
chart
[10:35 am] Mitch K: thats my lesson
for the day
[10:56 am] Ed : nice bounce in
SPY
[10:57 am] Mitch K:
http://www.ninjatrader.com/ConnectionGuides/T
radeStation-Connection-Guide
[10:57 am]
Mitch K: hey guys, i just found this on
Ninjatrader.com site. YOu can connect
TradeStation to NinjaTrader
[10:59 am] Ed
: hey thats repeat of what apple
said
[10:59 am] Ed : ould have to add in
each chart individually which is what the
service rep said. can’t do it for all
the trades
[11:00 am] Ed : right its very
cummbersome and not worth using tradestation
with ninja
[11:00 am] Ed : great
minds
[11:08 am] Ed : thx qwert
[11:11
am] Ed : muddy waters say EDU is misleading
market place
[11:13 am] Ed : nice on
eqwert on AGU
[11:18 am] Mitch K: good eye
on AGU qwert
[11:20 am] Mitch K: watching
EDU
[11:21 am] Mitch K: needs much bigger
drop if Muddy mentioned this,
[11:26 am]
Ed : if u took EDU short would cover majority
here
[11:28 am] Ed : out all EDU
short
[11:34 am] Ed : nice bouce in
EDU
[11:36 am] Ed : reducing 3/4 EDU
long
[11:40 am] Ed : QCOR take over
chatter
[11:44 am] Mitch K: good job on
EDU guys
[11:47 am] Mitch K: getting sell
signal on 1 min chart with EDU
[11:51 am]
Mitch K: here is info on other dataproviders
for Ninja Trader
http://www.ninjatrader.com/support/helpGuides
/nt7/index.html?historical_data.htm
[12:14
pm] Ed : nice drop in SPY
[12:15 pm] Ed :
AAPL new lod
[12:20 pm] Ed : SPY selling
off
[12:28 pm] Ed : nice dro in
SPY
[12:57 pm] Ed : have a great evening
traders
| [06:09 am] eyes : Good Morning
Everyone
[06:10 am] skydiver : good
morning everyone 🙂 Top of the
day to ya 😉
[06:10 am] qwert : good
morning everybody nice breakout CL
trade
[06:10 am] mikewd2 -: good morning
traders
[06:12 am] mikewd2 -: nice gap up
in RIG
[06:13 am] joeytsa : Good
morning Ed, everyone
[06:13 am] mikewd2 -:
Texans 4-0, going to be a good
week.
[06:13 am] joeytsa :
🙂
[06:14 am] cowboyh : Good morning
all
[06:15 am] skydiver : gm
Ed
[06:15 am] joeytsa : big ISM # at
7pdt
[06:18 am] chinhngo : good
morning
[06:20 am] taco : good
morning
[06:21 am] elisha : Good
Morning Ed and traders
[06:21 am]
khall : gm elisha
[06:22 am]
ticktrader : Good Monday Morning to
all.
[06:22 am] joeytsa : did CRDN
have a buyout?
[06:23 am] qwert :
yeah they did joey
[06:23 am]
skydiver : yes joey
[06:23 am]
joeytsa : thanks, big gap but chart had
that look 🙂
[06:23 am] skydiver : 3
M buying them out
[06:24 am] elisha
: good morning khall!!!
[06:26 am]
eddy : good morning all
[06:27 am]
mikewd2 -: watching YOKU
[06:33 am]
joeytsa : eye on silvers
AGQ,USLV
[06:34 am] joeytsa : nice
bounce on the ES
[06:36 am] skydiver
: CRM tanking
[06:36 am] skydiver :
watching CRM for a L
[06:36 am]
shark : reversal in some
stocks
[06:37 am] skydiver : LNKD
dropped as well
[06:39 am] skydiver
: watching BTH as well
[06:41 am] mikewd2
-: CLF broke 40 short again without
me
[06:42 am] joeytsa : i have to
remember to keep CLF up
[06:44 am]
shark : nly
[06:48 am] joeytsa
: watching CBI
[06:48 am] joeytsa :
RIG might try to breakout
[06:49 am]
joeytsa : 10 minutes to ISM
manufacturing pmi #
[06:49 am] mikewd2 -:
hoping, long from 46.20
[06:50 am]
eyes : on what mike
[06:50 am]
mikewd2 -: rig
[06:52 am] eyes : i
had a alert at 46.20 didnt see it
[06:52
am] mikewd2 -: MSM needs volume
[06:56 am]
mikewd2 -: QCOR bouncing, not in
[06:57
am] joeytsa : not a bunch of big
moves
[06:58 am] joeytsa : mike: if
RIG can bust thru this res, should easily get
to $47..thats if 🙂
[06:58 am]
mikewd2 -: QCOR
[07:00 am] mikewd2 -:
quick 5% move in QCOR
[07:01 am]
joeytsa : bang goes the
market
[07:03 am] skydiver : running
ninjatrading charts first time – using
esignal data feed — seems to work
okay
[07:03 am] shark : 🙂
[07:03
am] skydiver : also running esignal
charts same time — all working well
🙂
[07:04 am] shark : GLD/SLV up
steady today
[07:04 am] skydiver :
thnx shark
[07:05 am] mikewd2 -: watching
TSO
[07:05 am] mikewd2 -: CLF S
[07:07
am] eyes : whats your stop
Mike
[07:07 am] mikewd2 -: 40.27
[07:07
am] mikewd2 -: probably not a good trade
eyes
[07:08 am] mikewd2 -: i jumped the
gun on it
[07:08 am] mikewd2 -: TSO
moving
[07:08 am] mikewd2 -: watching for
top
[07:09 am] mikewd2 -: YOKU
moving
[07:09 am] mikewd2 -:
stopped,
[07:13 am] skydiver : in
and out of AGU S fast — made 28 cents per
share – well it’
[07:13 am] skydiver
: a start
[07:14 am] skydiver : LNKD
made a nice V today
[07:14 am] mikewd2 -:
back in CLF S
[07:14 am] joeytsa :
yeah it did sky
[07:19 am] qwert :
TAP new lows
[07:20 am] joeytsa :
TAP trying to hold $43
[07:20 am] mikewd2
-: out RIG, +0.65
[07:21 am]
skydiver : nice Mike — looks
like CLF is cooperating for you
Mike
[07:21 am] joeytsa : nice mike,
RIG did have enough to hit 47
[07:21 am]
mikewd2 -: yeah better entry second
time
[07:25 am] shark : off to shoot
a movie, guys. have a good one
[07:26 am]
skydiver : )enjoy shark
[07:26 am]
joeytsa : have fun shark
[07:26 am]
qwert : bye shark
[07:26 am]
khall : bye shark
[07:29 am] mikewd2
-: out CLF, 40.00 +0.30
[07:31 am] mikewd2
-: and there it goes, not trading CLF very
well today
[07:35 am] joeytsa :
watching TSCO for another try at
$100
[07:36 am] qwert : thx
joey
[07:36 am] joeytsa : nothing
too pressing at the moment though
[07:36
am] joeytsa : VMW on a decent
pullback
[07:39 am] skydiver : nice
one joey on VMW
[07:47 am] joeytsa :
NSM nice break too
[07:47 am]
joeytsa : break time, see you all
later
[07:47 am] skydiver : Well –
need to take off – busy day and busy
week. Make lots of $$$ everyone.
— I ended today with one decent win, and one
very small win. 🙂
[07:47 am]
skydiver : take care joey
[07:47 am]
joeytsa : enjoy sky
[07:47 am] Ed :
c ya sky
[07:48 am] qwert : bye
sky
[07:48 am] taco : nice
sky,
[07:48 am] skydiver :
🙂
[08:01 am] mikewd2 -: wow – never seen
Ed post a loss
[08:01 am] taco : at
least we know he is human
[08:02 am]
qwert : monitoring FAST for 45
area
[08:04 am] Ed : shhh dont tell anyone
mike
[08:04 am] mikewd2 -: hope you
weren’t using lightning.
[08:04 am]
mikewd2 -: for your first loss
[08:06 am]
mikewd2 -: MCP trying bounce off
pivot
[08:06 am] Ed : actually would have
taken money off on that .10 drop but got
distracted took important phone call. But I
made the choice
[08:07 am] mikewd2 -: TSO
testing hod
[08:07 am] Ed : now that Iam
out sure it will drop to 0. LOL
[08:08 am]
Ed : was using the rub my belly system
mike
[08:08 am] qwert : there it
goes
[08:10 am] mikewd2 -: TSO S
43.05
[08:10 am] mikewd2 -: tight
stop
[08:10 am] mikewd2 -: refineries are
a bit hot today
[08:11 am] mikewd2 -: has
rusty been in the room lately?
[08:15 am]
Ed : not since thursday
[08:15 am] mikewd2
-: you kick him out again?
[08:16 am] Ed :
not me
[08:16 am] apple : bring
rusty back…
[08:17 am] Ed : i only focus
on trading and education, and how to improve
others
[08:17 am] apple : you are
doing an excellent job, Ed — your efforts
are truly appreciated
[08:18 am]
ticktrader : I am in need of all
3
[08:18 am] Ed : thx apple
[08:18 am]
elisha : get in line behind
me!
[08:18 am] qwert : no rusty and
no doji maybe they are
together?
[08:18 am] Ed : i think doji is
traveling to france today
[08:18 am]
qwert : Ed is the Steve Nash of
trading!
[08:19 am] Ed : lol
[08:20 am]
qwert : You Redskin fans what an
awesome finish yesterday RG3 looks like the
real deal
[08:21 am] Ed : not a redskins
fan, but i want him to do well
[08:22 am]
qwert : i thought you were Ed, whats
your team?
[08:23 am] apple : team
TSA
[08:23 am] Ed : i like college Florida
State Fan
[08:23 am] qwert : yeah
apple
[08:23 am] Ed : in pro’s i just
cheer for players
[08:23 am] apple :
we have a lot of great players on our
team!
[08:24 am] apple : and not to
speak of the terrific coaches…
[08:24
am] qwert : :))
[08:24 am]
apple : and we are having a winning
season (as usual!)
[08:24 am] apple
: we’re Number ONE!
[08:24 am] mikewd2 -:
Whitney Tilson long on NFLX
[08:24 am]
taco : u rock apple
[08:25 am]
apple : lol, thx
[08:26 am] mikewd2
-: NFLX hod
[08:28 am] Ed : hey qwert how
is it going trading crude
[08:28 am]
khall : he’s rocking it I’m
sure
[08:28 am] khall :
🙂
[08:29 am] Ed : im sure
[08:30 am]
apple : qwert’s good
[08:31 am]
elisha : watching PNR
[08:32 am]
qwert : first tried to short cl this am
but reversed when it broke 92 but having a
hard time figuring out when or where to exit
with 1 contract but got 80 ticks on the long
after losing 5 in the short
[08:33 am] Ed
: nice
[08:33 am] eyes : way to go
what time you get in
[08:34 am]
qwert : did you go long on that break
over 92 Ed
[08:34 am] Ed : CL c an be
sensitive to ma’s and ohlc
[08:34 am] Ed :
i took it over 92.15
[08:34 am] mikewd2 -:
RIG testing hod
[08:35 am] eyes : my
entry had you all beat to bead i dont know
how to keep my finger off of the mouse
LOL
[08:35 am] eyes : bad
[08:36
am] apple : @ about 8:45 EST E? for CL
trade
[08:36 am] qwert : i tried to
short at 92.07 and reversed at 92.12 short at
5:36 and reversed at 5:40 pst
[08:37 am]
eyes : 8:16
[08:38 am] Ed : a kill
switch, not good
[08:39 am] mikewd2 -: RIG
still can’t break 47.00
[08:39 am]
eyes : i need to just burn my finger
when i do that
[08:40 am] eyes :
nice on tso Mike
[08:40 am] mikewd2 -: I’m
going to come to Utah and break that finger,
eyes!
[08:40 am] apple : you tell
him, mike!
[08:40 am] eyes :
LOL
[08:41 am] mikewd2 -: I’ll send Joey
he is closer
[08:41 am] apple :
haha, the hitman!
[08:41 am] apple :
or maybe he knows “somebody”
[08:42 am]
eyes : No all joking aside have have a
problem with that
[08:43 am] apple :
we know. need to get more confidence
and go with the flow. also switch to a
2, 3 or even 5 min timeframe, it will help
those jitters
[08:44 am] eyes : no
it all comes to not accepting the risk
apple
[08:44 am] apple : trade real
small then
[08:44 am] mikewd2 -: push
RIG
[08:44 am] eyes : I did accept
the risk on Gold thou got stoped out .10
ticks improvement
[08:45 am] Ed : just
make sure ur placing odds in ur favor,
meaning having an edge
[08:46 am]
qwert : cl coming back to 92
area
[08:46 am] khall : like a
magnet
[08:47 am] Ed : GC kind of
flat
[08:47 am] eyes : GC i shorted
8:45
[08:47 am] Ed : GC 12-12 that
is
[08:48 am] Ed : ok, thought u got
stopped .10 ticks
[08:49 am] apple :
flag on the ES
[08:49 am] Ed : u shorted
using 20ma eyes?
[08:49 am] eyes : i
did i went short and it hit my stop
[08:50
am] Ed : how tight was ur stop
[08:50 am]
eyes : it was not a good signal small
red candle followed by a small doji
[08:50
am] Ed : on CL 11-12 monitor 92.15
area
[08:51 am] apple : thx
E
[08:53 am] Ed : hope u all were able to
get quick bounce in CL 11-12
[08:54 am]
eyes : I did on the sim account
13
[08:54 am] Ed : nice eyes
[08:54 am]
eyes : i have sim and real side by
side
[08:55 am] Ed : potential support on
CL 11-12 92.15 and 92.10
[08:55 am]
Ed : so would be careful tryn to short it
losing 92.15 may bounce quickly
[08:56 am]
Ed : and u have rising 20ma just under
92.10
[08:57 am] qwert : Ed what do
u use for tgts. on CL
[08:58 am] Ed : i
use ma’s as targets I treat it as 1st level
of resistance/support to take money
off
[08:58 am] Ed : just like i play
stocks
[08:59 am] qwert : so did you
just trade cl long at *:52 pst
[08:59 am]
qwert : 8:52 pst
[08:59 am] Ed : for
ma’s I use 20sma, 50sma 200sma and
200ema
[09:00 am] Ed : took it at
8:51
[09:00 am] Ed : but yes 8:52 is
signal on 1minute
[09:00 am] Ed : to get
that 8:51 entry I used 144t chart
[09:00
am] qwert : and your already out
right?
[09:00 am] Ed : yes
[09:01 am]
qwert : so how many tics?
[09:01 am]
Ed : actually it was right after
8:50
[09:01 am] Ed : got 144
[09:01 am]
Ed : sorry 144 tick chart
[09:02 am] Ed :
total ticks on that move 17
[09:02 am]
qwert : so was your profit tgt the
92.35-40 area
[09:03 am] Ed :
yes
[09:03 am] eyes : NG watcg
futures
[09:04 am] Ed : any new people
here today?
[09:04 am] qwert : is
that based on prior open area of 92.35
?
[09:05 am] Ed : based on 50 ma
[09:05
am] qwert : how do iget 144 tick chart
up
[09:06 am] Ed : use type in
144t
[09:06 am] Ed : on the
chart
[09:06 am] qwert :
thx
[09:06 am] Ed : fno problem
[09:07
am] Ed : fyi: if ur new to trading would be
cauitiouse using 144tick gives really quick
signals buy/sel
[09:07 am] Ed : i know ur
fine qwert
[09:08 am] apple : it
gives you a good baseline of where the action
is taking place
[09:08 am] Ed : and i get
my overall levels for day based on 60minute
chart
[09:08 am] qwert : if u dont
mind me asking Ed whats your initial stop on
that trade
[09:09 am] apple : smart
man E
[09:09 am] Ed : normally I use
10ticks but on that trade i used
6ticks
[09:09 am] Ed : i use 6ticks when I
am just scalping
[09:10 am] qwert :
okay thx
[09:10 am] joeytsa : Ed: do
you like the 144T?
[09:10 am]
joeytsa : i used to use that, but now
just use the 150
[09:10 am] Ed : actuallly
i do,
[09:10 am] joeytsa : yeah,
fib#’s work ok
[09:10 am] qwert : do
you enter and exit all at once or patial like
stocks
[09:11 am] joeytsa : 89 is a
bit too quick
[09:11 am] Ed : i was
playing with some faster settings for tick
and really like it
[09:11 am] Ed : on
scalps all at once
[09:11 am]
joeytsa : yeah, i use a real tight
bollinger with the 4ma, gives ok
signals
[09:11 am] Ed : i have 3 settings
i trade
[09:11 am] joeytsa :
cool
[09:12 am] eddy : did we get to
low of day on SPY?
[09:12 am] eddy :
hmmm
[09:12 am] Ed : 1 contract 10tick
stop, 4 contracts 6tick stop (for
sclps), and 2 contracts 10 ticks( i take
partials)
[09:12 am] eddy : i
thought low of day was 144.43
[09:12 am]
joeytsa : not lod on ES
though
[09:13 am] Ed : those are 3
settings i trade. depends on market which one
I trade
[09:13 am] qwert : do you
have those set up in your atm
strategies
[09:13 am] Ed : for
futures
[09:13 am] Ed : yes
[09:14 am]
qwert : nice so then you just
select
[09:14 am] Ed : eyes was very
helpful schooling me on settings in
ninja
[09:14 am] Ed : yes then I
select
[09:15 am] Ed : has quite a few
bells and whistles of setting up
strats
[09:15 am] mikewd2 -: QCOR at some
support, but no position currently
[09:18
am] Ed : making sure i gave correct infor on
futures i use 30minute to get my levels for
trading day
[09:19 am] Ed : if those
30minute levels are taken out or surpassed
will look at daily
[09:21 am] Ed : hey
joey, i tried using vol but no likey very
much
[09:21 am] joeytsa : with
crude??
[09:21 am] Ed : using vol.
chart
[09:21 am] Ed : right
[09:21 am]
joeytsa : i dont use vol on
futures
[09:21 am] joeytsa : i do
have it on my 1min ES though
[09:21 am]
khall : vol doesn’t help me much on
futures I’m finding
[09:21 am] Ed : no vol
chart
[09:22 am] Ed : not volume at
bottom
[09:22 am] joeytsa : oh
ok
[09:22 am] Ed : u have tick chart and
vol chart
[09:22 am] Ed : seems to get
clearer signals with tick
[09:22 am]
joeytsa : never tried vol,range,second
etc
[09:23 am] Ed : but im sure if stock
is really moving would work well
[09:23
am] joeytsa : did you add the tick
counter?
[09:23 am] Ed : meant future
instruement
[09:23 am] Ed : no
[09:24
am] joeytsa : its cool, you can see how
fast or slow its trading..plus sometimes you
can anticipate a candle formation
[09:24
am] Ed : cool
[09:24 am] joeytsa :
even it its just sitting at 1446 for
example..a bunch of trades might be going
off
[09:25 am] Ed : looks like a gappem
up, sideways action, then ramp it
later
[09:25 am] joeytsa : so if you
see a hammer forming on support, you might be
able to jump in a touch early
[09:25 am]
Ed : got it
[09:26 am] joeytsa :
todays move was basically that ISM
#
[09:26 am] eyes : NG
[09:26 am]
joeytsa : NG?
[09:26 am] eyes
: NG futures
[09:27 am] mikewd2 -: no vol,
no price range
[09:27 am] mikewd2 -:
oh
[09:27 am] joeytsa : might get
10cents??
[09:27 am] joeytsa :
ahhhhh
[09:28 am] joeytsa : never
traded nat gas futures
[09:28 am]
joeytsa : my only future in nat gas is
when i eat mexican 🙂
[09:29 am] Ed
: i traded aud/usd last night. felt great
when I went to bed
[09:29 am]
joeytsa : good trade?
[09:30 am] Ed
: yes
[09:30 am] joeytsa : i will
get a forex account eventually
[09:31 am]
Ed : it was $220 per contract or 22
pips
[09:32 am] joeytsa : better
than working at McD’s all week 🙂
[09:32
am] apple : nice job E, have not
touched forex yet
[09:32 am] Ed : took it
right after 9:00pm est
[09:33 am]
khall : Ed, you are a trading
machine!
[09:33 am] apple :
excellent
[09:33 am] apple : he is,
supertrader!
[09:33 am] Ed : glad i used
5min, kept saying going to get out, look at
chart no sell signal. So had to make myelf
wait for sell signal
[09:34 am]
khall : that’s discipline
[09:34 am]
apple : good discipline
[09:34 am]
apple : ha, khall
[09:34 am]
khall : 🙂
[09:34 am] Ed : its all
Mitch’s fault and you all
[09:34 am] Ed :
talking about trading other
instruments
[09:34 am] khall : we
accept the blame
[09:34 am] joeytsa
: nice job
[09:34 am] apple :
huh…
[09:34 am] joeytsa : Ed will
be up all night now
[09:35 am] Ed : see
how GC 12-12 got rejected by 200ema
[09:35
am] Ed : like ppan
[09:35 am] khall
: yes
[09:35 am] joeytsa :
Edpan
[09:35 am] Ed : lol
[09:35 am]
apple : aha, he was something
else…
[09:36 am] Ed : i just try to find
1 trade per day for forex
[09:36 am]
joeytsa : stocks a little stuck in the
mud huh
[09:36 am] Ed : besides how could
I teach you all about forex if i dont trade
it 🙂
[09:37 am] joeytsa : guess
thats why its good to have other vehicles to
trade
[09:37 am] Ed : true
[09:37 am]
Ed : where is chin tody
[09:37 am]
chinhngo : i am here
[09:37 am] Ed :
cool
[09:37 am] apple : counting his
money
[09:37 am] joeytsa : stocks
were boring for chin today…
[09:37 am]
Ed : nice to see you
[09:37 am]
chinhngo : thank for your asking me
ed
[09:37 am] mikewd2 -: nice call on VMW
today joey, didn’t take the short
[09:37
am] joeytsa : he is going to jump from
a plane with no parachute later 🙂
[09:37
am] Ed : lol
[09:38 am] apple :
yeah, look at VMW, nice
[09:38 am]
joeytsa : mike: VMW did that 2nd leg
down while i was out
[09:38 am]
joeytsa : and the decent bounce from
the 1st drop
[09:39 am] mikewd2 -: rig
still can’t break 47
[09:39 am] Ed : best
calls are ones u miss
[09:39 am]
joeytsa : as long as someone else gets
them Im happy
[09:39 am] joeytsa :
RIG stuck in a 30cent range
[09:43 am]
apple : joey we need an
assistant
[09:44 am] joeytsa : he’s
travelling today i think haha
[09:45 am]
apple : haha
[09:46 am]
joeytsa : yeah, my scanner has been
boring
[09:46 am] joeytsa : LULU
just popped up..but nothing good
[09:47
am] apple : joey, how is royal bonnie
doing
[09:47 am] joeytsa : really
good thanks
[09:48 am] apple :
graffix?
[09:48 am] joeytsa : not
going to race her until the spring
though..bigger $$
[09:48 am] joeytsa
: he is hanging in there
[09:48 am]
joeytsa : our stable has a horse
running @ Belmont on sunday..win and she goes
to the Breeders Cup
[09:49 am] apple
: oh, good…
[09:50 am] apple : ES
dropping
[09:50 am] eyes : onxx look
to S
[09:51 am] joeytsa : NSM just
ahd a nice 70cent move
[09:52 am]
joeytsa : not sure what caused that ES
drop
[09:54 am] eyes : out another
10 ticks + on CL sim
[09:54 am]
joeytsa : short or long eyes..nice
going
[09:54 am] eyes :
long
[09:55 am] joeytsa : BIDU
trying to hold $112
[09:57 am] eyes
: out again 10+ Cl sim
[09:58 am]
joeytsa : what timeframe are you
trading?
[09:58 am] eyes : 1
min
[09:58 am] joeytsa :
cool
[09:59 am] eyes : now i just
need to do that in my real account and not be
Chicken
[10:00 am] joeytsa : thats
the toughest part of this game
[10:00 am]
joeytsa : crude just made a nice
W
[10:05 am] joeytsa : BMC
[10:05
am] apple : wow joey and E –
BMC
[10:08 am] taco : nice thx
ed
[10:10 am] joeytsa : bernanke to
speak
[10:14 am] ticktrader : Ed,
Great call on BMC. Did you had scan set that
caught BMC?
[10:15 am] Ed : just simple
high/low scanner caught that one
[10:15
am] eddy : wat a spike on
UVXY
[10:15 am] eddy : missed it
totally
[10:16 am] joeytsa : BMC hit
2 of my scanners
[10:17 am] joeytsa
: price spike scan and a above avg vol
scan
[10:18 am] ticktrader : Joey –
Do you use TS for scanning?
[10:18 am]
joeytsa : no
[10:18 am]
joeytsa : i use madscan
[10:19 am]
apple : nice chart on CL
[10:19 am]
apple : 4 trades on one chart
continuously pretty darn good
[10:21 am]
joeytsa : VMW to test $94
[10:22 am]
Ed : nice
[10:22 am] apple :
excellent, i could get into tht!
[10:22
am] joeytsa : AAPL lod
[10:24 am]
mikewd2 -: covered TSO S
[10:26 am] Ed :
will trail last piece of BMC short
[10:27
am] eyes : are you reading my
mind
[10:28 am] elisha : Thank you
Mr. K for all the positive, sane
logic.
[10:29 am] apple : when you
are right, you are absolutely 100%
correct!
[10:29 am] elisha : It is
wonderful to be part of a place like
this. 99% of the people I know think I
am crazy for doing this.
[10:29 am]
qwert : been there
[10:30 am]
ticktrader : been there, done that and
at times still do the same thing
again.
[10:30 am] apple : i really
like thos ebigger moves
[10:30 am]
apple : nice
[10:31 am] apple
: si
[10:32 am] qwert : sounds
simple
[10:32 am] apple :
garbage
[10:32 am] eyes : But mitch
how do you know what signals are going to
work and what ones are not
[10:33 am] Ed :
when something does not have good
range
[10:33 am] apple : right
E
[10:33 am] apple : choppy no
good
[10:34 am] Ed : choppy, flatlining as
example
[10:34 am] apple : so, when
can we get Lightning, already?
[10:35 am]
mikewd2 -: its just a teaser apple
[10:35
am] Ed : see how small those ranges are eyes,
of area when u dont want to trade
it
[10:35 am] Ed : its same with a
lightning system or without
[10:35 am]
apple : you are so right E
[10:35
am] eyes : t
[10:35 am] apple
: thx MK
[10:36 am] mikewd2 -: Mitch, you
mentioned that we had to use kinetick
with Ninja, that TOS data service with Ninja
wouldn’t work. Could you confirm that
again?
[10:36 am] mikewd2 -: for
lightning
[10:37 am] apple : i
talked to ninja last friday, that is correct
as far as i know
[10:37 am] Ed : thx
apple
[10:39 am] apple : the feed is
about $50 per month
[10:40 am] eyes
: out GC +10 Ticks sim
[10:41 am]
khall : I have basic, CBOE, real time
NASDAQ and NYSE. I also have CME on a
waiver – and my bill is $65 per
month
[10:42 am] eyes : out + 12
second GC sim
[10:49 am] eyes
: onxx
[10:56 am] eyes : see you all
later
[10:56 am] Ed : c ya eyes
[10:56
am] apple : bye eys, have fun
[10:58
am] apple : but you would have to add
in each chart individually which is what the
service rep said. can’t do it for all
the trades we do here
[10:59 am]
ticktrader : Also, you can’t use your
Tradestaion brokerage account to execute the
trades
[11:00 am] apple : wow, E,
now I know we are connected!!
[11:00 am]
apple : i just added the ES chart with
him and we had to even update the
contract!
[11:01 am] Ed : too much
work
[11:01 am] eddy : ouf it wounds
very complicated
[11:01 am] eddy :
already we have so many platforms to learn to
use plus lighting
[11:01 am] eddy :
this is hard work
[11:01 am] apple :
hey eddy
[11:01 am] eddy : hi
apple
[11:02 am] apple : only good
if you trade only a few stocks, futures,
forex, etc. but we trade many stocks
every day. and you couldn’t load it up
fast enough if it was called in the room, you
would miss your entry – big time!
[11:02
am] aussie123 : Im totally confused…
talked with aNinja rep & he indicated
TOS would be compatible with
NINJA???
[11:03 am] eddy : i think
we should wait for the webinar
[11:03 am]
Ed : I was speaking of tradestation and ninja
just now
[11:03 am] eddy : we are
all getting confused here
[11:03 am]
eddy : im not taking any action before
the webinar
[11:03 am] apple : they
may be compatible, but you will not have
streaming data unless you input the
charts
[11:04 am] khall : CL moving
up
[11:04 am] joeytsa : ES on a nice
run too
[11:04 am] apple : Es miving
nicely
[11:04 am] apple : ha, joey
and i think alike too
[11:04 am]
joeytsa : 🙂
[11:05 am]
joeytsa : NY minds think
alike
[11:05 am] apple : and khall,
we could almost answer at the same
time
[11:05 am] khall :
almost!
[11:05 am] apple : well,
there is a few second delay…
[11:06 am]
khall : ha
[11:06 am] qwert :
AGU moving
[11:08 am] qwert :
:))
[11:12 am] joeytsa : muddy
waters has been quiet lately
[11:12 am] Ed
: still counting the money
[11:13 am]
apple : ha
[11:13 am] qwert :
thx
[11:18 am] qwert : :))
[11:19
am] joeytsa : AGU spinoff
[11:22 am]
Ed : sweet
[11:28 am] apple :
excellent
[11:35 am] qwert : r u
long on EDU ed
[11:36 am] Ed :
yes
[11:36 am] qwert :
nice
[11:36 am] Ed : i reversed the
short
[11:36 am] qwert : at
15.50
[11:36 am] apple : very
good
[11:37 am] qwert : Did you flip
that based on daily Ed
[11:37 am] Ed : i
reverese just b4 that 15.50
[11:37 am] Ed
: yes based on daily
[11:37 am]
qwert : awesome trading
[11:37 am]
joeytsa : nice job
[11:38 am] Ed :
its monday and I ate my wheaties
[11:38
am] joeytsa : haha
[11:38 am]
apple : good boy!
[11:38 am] Ed :
thx mother apple
[11:38 am] cowboyh
: keep going like that Ed and you will make
wizard soon
[11:39 am] joeytsa :
havent had wheaties in decades
[11:39 am]
Ed : i just look at the box, gives me
inspiration
[11:39 am] joeytsa : has
a picture of Mitch on hit
[11:39 am]
joeytsa : with lightning shooting from
his eyes 🙂
[11:40 am] Ed : yeeeee haaaaaa
hey cowboy
[11:40 am] Ed : howu
been
[11:40 am] Ed : right joey
[11:40
am] chinhngo : look qcor
[11:40 am]
cowboyh : hanging in there
[11:40
am] chinhngo : bounced soooo
hard
[11:40 am] apple : hey there
cowboy, you are too quiet
[11:40 am]
joeytsa : nice one chin
[11:41 am]
cowboyh : Hi apple ya I know tring to
work and trade keeps be busy
[11:41 am]
apple : nice one one EDU both
ways
[11:42 am] Ed : yea Mitch called that
long
[11:43 am] Ed : gave heads
up
[11:43 am] Ed : mudd waters was lot
more active months back
[11:47 am]
ticktrader : Ed, What signal you used
on EDU long?
[11:48 am] Ed : i trade using
price action, and how stocks reacts at near
potential levels of
support/resistance
[11:49 am] Ed : i use
OHLC, moving avg. areas of consolidation as
potential suport/resistance levels
[11:50
am] Ed : so when stock is selling off, im
looking to see how price reacts and what vol
is doing
[11:50 am] Ed : same with if
stock is moving up rapidly like BMC
[11:52
am] ticktrader : Ed- Thank you for the
lesson
[11:53 am] Ed : i did start my
trading with using indicators like macd,
stochastics and moving avg. But what happens
is u learn to tweek and find what suits ur
personality better as trader. So been trading
price action last 2 years
[11:54 am]
ticktrader : Any specific book you
would recommend that describes price action
strategies?
[11:55 am] joeytsa :
best thing about price action is that it
doesnt lag like indicators do
[11:56 am]
Ed : great question tick I did not learn from
book but I do know there are some geat
resources out there. Scalp is not here right
now but we will ask him 2morrow. He mentioned
to me b4,
[11:57 am] Ed : a great book to
learn about price action
[11:58 am] Ed :
not that Im that great, I just sought out
traders and learned little here and there and
then added my touch as well
[11:59 am] Ed
: including past moderators in room
[11:59
am] joeytsa : very good Ed
[12:00
pm] ticktrader : Along with your input,
we have many long time traders in the room
who have been helpful.
[12:00 pm]
joeytsa : there are price action
trading videos on youtube
[12:01 pm]
joeytsa : i havent watched them so i
cant say if they are good or not
[12:01
pm] Ed : This book will give you great basis,
as this is critical to price action
traders
[12:01 pm] Ed : cant think right
now whats the book by john murphy
[12:01
pm] joeytsa : he has a few
[12:02
pm] joeytsa : i got 2 free ones..small
books
[12:02 pm] Ed : i know it, just
trying to put name togther
[12:02 pm]
joeytsa : “john murphy on chart
analysis” and “charting made
easy”
[12:02 pm] Ed : technical
analysis
[12:03 pm] joeytsa : the
ones i have are very basic
[12:03 pm] Ed :
help me out
[12:03 pm] qwert : I
think its Technical Analysis of the finacial
markets
[12:04 pm] joeytsa : there
ya go
[12:04 pm] Ed : there ya go, to lazy
to go to my library
[12:04 pm] qwert
: I have it but loaned it out
[12:04 pm]
Ed : was about too
[12:04 pm] Ed : thats a
great start tick
[12:05 pm]
ticktrader : I will look it up folks.
Thank you.
[12:05 pm] joeytsa :
http://www.amazon.com/Technical-Analysis-Fina
ncial-Markets-Comprehensive/dp/0735200661
[12:05 pm] qwert : thats it for
sure
[12:05 pm] joeytsa : martin
pring had a decent book also
[12:05 pm] Ed
: thats it
[12:06 pm] Ed : I would get it
right away tick
[12:06 pm] joeytsa :
same with alexander elder
[12:07 pm]
murano : VQ
[12:09 pm] joeytsa
: tick: you might be able to find that book
at the local library also
[12:10 pm]
qwert : ive actually bought all mine
used on amazon and have had real good
luck
[12:11 pm] Ed : great book to get for
discpline by Mark Douglas trading in the
zone
[12:11 pm] Ed : it free downloable
copy in pdf. form on web
[12:11 pm]
joeytsa : “technical analysis
explained” martin pring
[12:11 pm]
joeytsa : real cool Ed
[12:12 pm] Ed
: i like free when possible
[12:12 pm] Ed
: but even if it cost, well worth
it
[12:12 pm] joeytsa : yeah, i have
found some decent free stuff on the
web
[12:13 pm] joeytsa : books/
power points from seminars etc
[12:13 pm]
ticktrader : I will look up both of
these books. TKS.
[12:13 pm] Ed : glad ur
taking an interest in ur trading to get to
next level
[12:14 pm] Ed : no matter where
on is, always have that hunger to get to next
level
[12:14 pm] Ed : on=one
[12:14 pm]
joeytsa : some great free stuff like
current video updates, weekly writeups
etc
[12:16 pm] joeytsa : brian
shannon does a decent weekly video @
alphatrends.net
[12:16 pm] joeytsa :
free weekly update at investmenthouse.com if
my favorite right now
[12:20 pm]
ticktrader : Joey- I have added
Alphratrends and investmenthouse on my list
to investigate. TKS.
[12:20 pm] eyes
: well managed to end the day down -40 see
you all tomorrow
[12:20 pm] Ed : c ya
eyes
[12:20 pm] joeytsa : bye
eyes
[12:20 pm] qwert : way to go
eyes
[12:21 pm] ticktrader : CY
eyes
[12:21 pm] joeytsa : nice 8pt
drop since top of hour
[12:28 pm]
joeytsa : ES testing pivot
point
[12:32 pm] Ed : uncle Ben to
rescue
[12:32 pm] Ed : I meant getting
small bounce in markets
[12:34 pm] Ed :
Ben says as long as he has priniting press,
he will have ammo
[12:34 pm] joeytsa
: scary
[12:35 pm] Ed : well i actually
said that, but he is thinking it
[12:35
pm] khall : thinking schminking – he
has it written down somewhere as his
not-so-top-secret plan
[12:35 pm] Ed :
good point
[12:48 pm] joeytsa :
Thanks Mitch,Ed everyone..starting to power
down for the day
[12:48 pm] joeytsa
: see you all tomorrow
[12:49 pm] Ed : c
ya joey
[12:50 pm] khall : I’m out
as well – see you all tomorrow
[12:50 pm]
Ed : c ya khall
[12:58 pm] mikewd2 -: you
guys get that TSO short
[12:59 pm]
elisha : gn Mitch, Ed and
traders
[01:00 pm] qwert : bye
everyone have an awesome night
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