[06:17 am] Brent : good morning all
[06:18 am] Kris : Good Morning Traders!
[06:18 am] Kris : How’s everyone doing
today?
[06:20 am] Kris : Married life is not much
different. She finally started to cook a
little.
[06:21 am] Kris : That’s the plan for me too
jolliffboy
[06:22 am] Kris : BEAV, APH, NAV, YOKU and
GMCR on the short side
[06:22 am] Kris : Today I’m watching HANS,
LTD, PCYC, QCOR, REDF, RES and NCMI on the
long side.
[06:23 am] Kris : Do we have any new members
in the room today?
[06:27 am] Kris : 2 MINUTES, Time To Rock!
[06:30 am] Kris : WLT short half
[06:31 am] Kris : WYNN short half
[06:32 am] Kris : GMCR short half
[06:32 am] Kris : will watch VRTX for a
bounce to short into. Not gonna chase it
here.
[06:33 am] Kris : QCOM long half
[06:34 am] Kris : VRUS falling hard
[06:35 am] Kris : SPY new hod
[06:36 am] Kris : looking for WYNN to make a
new lod
[06:37 am] Kris : out half WYNN short
[06:37 am] Kris : TEVA short half
[06:38 am] Kris : JPM long half
[06:38 am] Kris : out half QCOM long
[06:39 am] Kris : out half WLT short
[06:40 am] Kris : SINA short half
[06:40 am] Kris : will short MAT on a new
lod
[06:41 am] Kris : don’t chase MAT short if
you missed it
[06:41 am] Kris : dropped fast
[06:41 am] Kris : MAT short
[06:41 am] Kris : NFLX selling off this
morning
[06:41 am] Kris : out another 1/4 WYNN
short
[06:41 am] Mitch : watching NUAN for short
[06:42 am] Kris : YOKU short half
[06:42 am] Mitch : CNX turning over for
short
[06:42 am] Mitch : VMW turning over, try for
93.55 to short
[06:43 am] Kris : AKAM buyout rumor
[06:43 am] Kris : good eye on VRUS short
joey, I like it
[06:43 am] Mitch : watching APKT for short
[06:43 am] Mitch : watching RVBD as potential
short
[06:44 am] Kris : out all WYNN short
[06:44 am] Kris : starting to look at WYNN
for long reversal soon
[06:44 am] Mitch : missed AGO top for short,
monitor for 2nd e=short around 12.66
[06:45 am] Kris : looking for 22.00 area on
YOKU short
[06:45 am] Mitch : consider covering CNX 1st
helping short
[06:45 am] Mitch : watching WYNN for bottom
to buy
[06:46 am] Kris : looking to add to JPM long
soon
[06:46 am] Kris : see if we get a retest of
the highs in the SPY
[06:46 am] Kris : SPY trying to bounce
[06:46 am] Mitch : monitoring CLX for top;
going to take a while
[06:47 am] Kris : GES long half
[06:47 am] Kris : out all WLT short for
now
[06:47 am] Mitch : watching for short in APKT
soon
[06:48 am] Kris : may short it again
[06:48 am] Kris : SPY new hod
[06:48 am] Mitch : 2nd helping short in ADBE
soon, missed 1st
[06:49 am] Kris : long second half JPM,
looking for new hod
[06:49 am] Mitch : HANS toppy
[06:49 am] Mitch : more downside on UFS
[06:50 am] Kris : 5 mins to consumer
confidence report
[06:50 am] Kris : mind your positions
[06:50 am] Kris : nice trade but tough stop
joey, I think she’s gonna drop more.
[06:50 am] Mitch : FTNT turning over, for
short
[06:50 am] Mitch : watching JBHT for short
soon
[06:50 am] Mitch : watching MAKO for top for
short
[06:51 am] Kris : SPY forming trendline
support
[06:52 am] Mitch : monitor GMCR for bottom to
buy, followed by short on top of bounce
[06:53 am] Kris : JBHT long half
[06:53 am] Kris : SINA trying for new lod
[06:54 am] Mitch : consider reducing CNX
[06:54 am] Mitch : consider reducing FTNT
short
[06:54 am] Mitch : watching OSK for short
soon
[06:55 am] Kris : came in under
expectations
[06:55 am] Kris : let’s see if consumers have
confidence
[06:55 am] Kris : shocker
[06:55 am] Mitch : watching 12.25 to cover
some AGO short
[06:56 am] Mitch : monitor FTNT for 2nd short
again 19.30 area
[06:57 am] Kris : CHKP long half
[06:57 am] Mitch : BEN turning over, short
idea
[06:58 am] Kris : VMED long half
[06:59 am] Brent : watching WBS for a
bounce
[06:59 am] Mitch : GMCR bouncing
[06:59 am] Mitch : not sure if i posted VPRT
for long bounce but watch for short on top of
bounce
[07:00 am] Mitch : careful with VPRT, weak
bounce
[07:00 am] Mitch : consider covering CNX
short
[07:00 am] Mitch : watch VRTX for bottom,
[07:01 am] Kris : JBHT strong against the
markets
[07:01 am] Kris : SPY new lod
[07:01 am] Kris : VRTX has fleas
[07:02 am] Kris : out half YOKU short
[07:02 am] Kris : you should be out of JPM
already, if you still have it stop under
lod
[07:03 am] Kris : out another 1/4 YOKU
short
[07:03 am] Mitch : consider covering UFS
short, Domtar
[07:04 am] Kris : out half JBHT long
[07:05 am] Mitch : consider covering more
AGO
[07:05 am] Mitch : looking for FTNT 2nd short
get near 19
[07:05 am] Mitch : RVBD turning over
[07:06 am] Brent : watching MAT for a
short
[07:06 am] Kris : nice one bert, MAT
[07:08 am] Kris : out all YOKU short
[07:08 am] Kris : WLT new lows
[07:08 am] Kris : YOKU new lows
[07:08 am] Mitch : news about Barbie and Ken
and MAT
[07:09 am] Kris : CHKP moving up
[07:09 am] Mitch : AGO reaching 12.25 level
for those who are short
[07:10 am] Kris : SPY selling down into lod
support
[07:10 am] Kris : SWN buyout rumor
[07:10 am] Mitch : watching YOKU for long
[07:11 am] Kris : SINA new lows
[07:11 am] Mitch : watching LAMR for bottom,
no hurry, let it drop more
[07:12 am] Mitch : VRTX turning up
[07:13 am] Kris : out another 1/4 JBHT
long
[07:13 am] Mitch : YOKU bottoming
[07:14 am] Kris : SWN testing hod
[07:14 am] Kris : we will beat the
machines
[07:15 am] Kris : MAT turning over
[07:15 am] Kris : SPY new lod
[07:16 am] Brent : consider reducing some MAT
if short
[07:16 am] Brent : next target $27.02 area
[07:16 am] Kris : getting more green coming
across the board, watch that trendline
resistance.
[07:16 am] Kris : lot’s of red coming across
the boards
[07:16 am] Mitch : YOKU long no-go
[07:19 am] Mitch : consider reducing VRTX
long position
[07:19 am] Mitch : you guys thought i was
kidding about Barbie, read an article she is
big part of MAT, Mattel earnings
[07:21 am] Mitch : LAMR trying to bottom
here
[07:22 am] Kris : not seeing much follow
through by the longs on this low
[07:24 am] Kris : SPY coming into trendline
resistance
[07:25 am] Kris : CROX selling off
[07:26 am] Kris : SPY failing at trendline
resistance so far
[07:27 am] Kris : SPY coming down to test lod
again
[07:27 am] Kris : staying on the down
trend
[07:31 am] Kris : WYNN new lows
[07:36 am] Kris : SWN moving up into triple
top
[07:39 am] Kris : SPY still holding that
trendline resistance
[07:45 am] Kris : SPY broke resistance line,
starting to see some buyers coming in here
[07:47 am] Kris : SODA looking weak
[07:54 am] Kris : watch SPY for new lod,
could give some nice moves to the short
side
[08:01 am] Mitch : consider closing LAMR
long
[08:02 am] Mitch : watching VPTR for short on
top of this bounce
[08:14 am] Mitch : consider covering VPRT
[08:19 am] Kris : SPY channel bound
[08:24 am] Kris : SPY broke channel, new
lod
[08:32 am] Brent : ADBE could be interesting
for a bounce around $26 if it keeps
dropping
[08:44 am] Brent : if anyone took ADBE long,
consider reducing soon. Resistance at 26.85
area
[09:28 am] Brent : SPY still trending down
[09:39 am] Mitch : NAV interesting for short,
more downside
[09:49 am] Mitch : ADTN looks like another
down trending stock for a while
[09:52 am] Mitch : ATPG been uptrending all
morning
[10:01 am] Brent : nice one on RRC
Candelas
[10:11 am] Mitch : anyone short NAV?
[10:22 am] Brent : good eye mhaus
[10:22 am] Brent : TSLA alert
[10:57 am] Mitch : look for a short in ATPG
on top of this bounce
[11:29 am] Kris : OVTI ALERT
[11:29 am] Kris : OVTI ALERT
[11:29 am] Kris : OVTI ALERT
[11:33 am] Mitch : watching for long entry on
OVTI soon,
[11:42 am] Mitch : puts you in a mental
hospital ward though
[11:42 am] Mitch : this is a tick chart
[11:43 am] Mitch : that is where Kris and
Brent found me one day
[11:53 am] Kris : ok, watch OVTI for a new
low short
[11:53 am] Kris : they begged us to take
mitch off their hands.
[11:53 am] Mitch : i was coiled up in fetal
position saying tick, tick, tick
[11:54 am] Mitch : and they thought I was a
bomber
[12:05 pm] Kris : SPY has been building a
triangle into over resistance line the past 3
sessions.
[12:57 pm] Mitch : later guys, have a great
weekend
[01:00 pm] Brent : have a great night. Good
job this week, see you Monday
[01:00 pm] Kris : good night everyone. have
a great weekend. see you Monday.
|
[06:01 am] joeytsa : reports: retail sales
came in +1.1% with .5 forecast, UofM
consumer sentiment at 9:55EST
[06:02 am] joeytsa : fed budget balance at
2pmEst
[06:05 am] ppann : going into mid month
expiration.The Fridays before have been up 18
out of the last 27…the Monday’s of…up 21
out of the last 27..the Tuesdays of up only
16 out of 27
[06:06 am] joeytsa : good to know ppann, q4
is usually decent too i believe overall
[06:07 am] joeytsa : also, pre-election year
is historically the strongest
[06:07 am] ppann : grabbed GOOG nov 670
calls end of day for 2.4…
[06:10 am] joeytsa : gap down:
NCMI,MCHP,TZA,SCO
[06:11 am] joeytsa : gap up:
GOOG,GMCR,BIDU,NFLX,SINA,LULU…just throw
darts haha
[06:11 am] ppann : gonna see how 1217 holds
on the ES and how the bonds fare up. they’re
getting clobbered right now
[06:12 am] joeytsa : yeah TLT down $1.45
right now
[06:13 am] joeytsa : was spain downgraded?
thought i saw that
[06:13 am] ppann : gonna sell googs right
away
[06:15 am] ppann : eur has been trading well
all night..been up all night playing it
[06:19 am] papadoc : Hows married life
Kris?
[06:20 am] jolliffboy : GM Kris. looking
forward to the weekend with lots of green in
my pocket.
[06:21 am] joeytsa : up 5
[06:21 am] joeytsa : WLT strong this
morning
[06:23 am] joeytsa : NCMI,MCHP both lowered
outlooks
[06:24 am] joeytsa : WLT up 8 points now,
going for 9 wow
[06:24 am] trvlntrdr : WLT may be a real
buyout
[06:27 am] joeytsa : going to look for some
nice swing setups this weekend
[06:28 am] joeytsa : WLT falling now
[06:30 am] joeytsa : SINA s
[06:30 am] skydiver : WLT S 82.17
[06:31 am] joeytsa : out SINA +2 !!!
looking for more
[06:33 am] billyjackrochester : should i get
out wlt?
[06:33 am] ppann : grabbed some wlt at 83
61
[06:33 am] ppann : short
[06:34 am] joeytsa : VRUS
[06:34 am] ppann : covered at 82.58..Thanks
Kris:)
[06:35 am] joeytsa : and SINA with the gap
close
[06:36 am] ppann : sold my GOOG calls at
3.10 + .70 on 5 contracts
[06:37 am] skydiver : out half WLT
[06:38 am] joeytsa : out half VRUS, trailing
last half up
[06:38 am] observer : thx, Kris Qcom .24
pts.
[06:39 am] joeytsa : quick, stopped 2nd
half
[06:39 am] joeytsa : SINA weak on that small
bounce
[06:40 am] ppann : sold my last 200 brfs at
1983
[06:41 am] joeytsa : out SINA
[06:41 am] mikewd2 -: WYNN near yesterday’s
close
[06:41 am] pow : short NFLX
[06:41 am] shark : die, NFLX, die!
[06:42 am] joeytsa : AAPL coming back to
earth
[06:42 am] joeytsa : watching VRUS for a
short
[06:42 am] ppann : picked up 1/3 position
short on NUAN at 24.15
[06:42 am] shark : AAPL lod
[06:42 am] shark : come down, AAPL, come
down
[06:43 am] pow : out 1/2 NFLX short
[06:43 am] shark : I sold upside calls
joeytsa AAPL
[06:44 am] mhaus : VRTX
[06:45 am] joeytsa : s VRUS…stop at be
[06:45 am] joeytsa : will trail it down
[06:45 am] ppann : grabbed ES short at
1215.50
[06:46 am] joeytsa : huge spread on it be
careful
[06:46 am] joeytsa : MAKO spiking up
[06:46 am] shark : GOOG lod
[06:47 am] ppann : tying up an Short SPY
122/ TLT Long 113.75 pair
[06:47 am] shawnt4 : what price is a bottom
for wynn
[06:48 am] eyes-inthenow : Kris How big of a
stop did you have on WLT i got stopped 1%
[06:48 am] joeytsa : stopped out VRUS
+.50
[06:48 am] trvlntrdr : GMCR really weak
[06:49 am] skydiver : Shorted WLT average
price $82.35 – covered 79.99
[06:50 am] skydiver : yes – went in twice –
500 shares each time
[06:51 am] joeytsa : gonna stay flat until
the report comes out
[06:51 am] joeytsa : MAKO was strong on that
support test
[06:51 am] joeytsa : yeah..lost
patience..gotta work on that 🙂
[06:51 am] skydiver : Lot’s more patience
practice coming up I’m sure
[06:52 am] ppann : shorted Eur/USD
1.38853
[06:53 am] joeytsa : ppann: 1.38 been a key
level?
[06:54 am] joeytsa : PANL strong
[06:54 am] joeytsa : WLT might set up a
short
[06:55 am] joeytsa : 57.5
[06:55 am] joeytsa : consumer #
[06:56 am] ppann : kind of i’m doing quick
scalps..kind of got toppy on the 37 min..got
in on the one min ..been playing last 14 hrs
straight so i’m in the quick flow
[06:56 am] shark : est 60, actual 57.5 -mood
of sell on floor of exchange
[06:56 am] shark : sweet pullback on GOOG
[06:58 am] joeytsa : MAKO still rockin’
[06:58 am] joeytsa : SINA just banged on
prev cl, let’s see what she does from here
[06:59 am] ppann : here come more numbers
[07:00 am] joeytsa : bus inv..up .5%
[07:00 am] joeytsa : think i overheard that
business sales were down though
[07:01 am] mikewd2 -: SINA lod
[07:01 am] mikewd2 -: VRTX
[07:02 am] joeytsa : FSLR,WLT look weak to
me
[07:02 am] ppann : covered the ES at
1212.75…+2.25…5 cars
[07:02 am] shailan : what is your stop on
JPM Kris?
[07:03 am] joeytsa : risking 50cents
[07:03 am] joeytsa : s WLT 79.50
[07:04 am] mikewd2 -: fall SINA fall
[07:04 am] ppann : covered Eur/usd at
1.3866…50 lots…+$940
[07:05 am] ppann : still swinging the
spy/tlt…+7 so far
[07:06 am] joeytsa : not liking my WLT
[07:07 am] joeytsa : trailing my stop
[07:08 am] joeytsa : fal WLW fall
[07:08 am] rusty : SODA lod
[07:08 am] shark : GMCR short still good
[07:09 am] joeytsa : out half +.75
[07:09 am] mikewd2 -: WLT
[07:09 am] ppann : trying to grab some NUAN
at 24.33 short
[07:10 am] joeytsa : out last half +1.50
[07:11 am] ppann : sm sell program
[07:12 am] rusty : Analyst raises price
target on TIVO to 18
[07:12 am] sonorant : ppan — what do you
mean when you say “small sell program”?
[07:13 am] Mitch : computers selling sonor
[07:13 am] ppann : I believe we can
[07:13 am] ppann : oh ,there are
Institutions that programs robots to sell the
market at certain predetermined levels
[07:13 am] sonorant : can you beat the
robot?
[07:14 am] mikewd2 -: YOKU 3min fade setup
maybe
[07:15 am] rusty : STMP on thin side
nevermind
[07:15 am] rusty : STMP radar
[07:15 am] skydiver : S MAT 27.49
[07:16 am] joeytsa : rusty..been following
STMP..they have been trending up past few
months
[07:16 am] junior : out half MAT
[07:16 am] mikewd2 -: SINA broke 90
[07:17 am] skydiver : SWN still going
down
[07:18 am] joeytsa : LNKD big spike down
[07:18 am] ppann : Oh never chased that last
attempt to short NUAN…i just can’t bring
myself to chase….still short at 24.15
[07:19 am] ppann : + 10 on the spy/tlt tie
so far
[07:19 am] ppann : out with 5 contracts on
each
[07:20 am] junior : stpped out last piece of
MAT shoot, but nice trade Brent…thank you
[07:20 am] joeytsa : MAT sales up 9%
[07:20 am] Mitch : thanks rusty
[07:20 am] rusty : TSL radar
[07:20 am] skydiver : Yes – thanks for MAT
Brent
[07:21 am] candelas : heavy selling
financials
[07:21 am] joeytsa : FAZ running, closed
gap
[07:22 am] amersaeed : yoku has 4 cent
spread , it that normal…??
[07:22 am] anthonyb : what do you think
about reversing the VRTX long if we get a
setup?
[07:22 am] candelas : it’s been normal for
YOKU amersaeed
[07:22 am] joeytsa : COG banging against
prev cl resistance again
[07:22 am] joeytsa : GS weak
[07:22 am] Mitch : always a good idea to
watch for those anthony, esp VRTX because it
is so volatile
[07:22 am] rusty : BKX lod
[07:23 am] anthonyb : any takers on YOKU?
long here?
[07:24 am] amersaeed : thinking about Long
on YOKU
[07:24 am] candelas : it is great Gary
[07:24 am] candelas : keep an eye on RRC
today
[07:24 am] garyb : Just a note…I am on the
Tradestation platform today for the first
time…..I don’t think I have seen ANY
trading software as GREAT! WOW!
[07:24 am] junior : FTNT hod again
[07:24 am] mikewd2 -: garyb: you switched
from what platform?
[07:24 am] ppann : ipo
[07:24 am] ppann : ubnt opened
[07:25 am] garyb : lol…Mike I am still
with TD Ameritrade…but will use it for
swing trading…..Tradestation for day
trading…it’s great!
[07:25 am] ppann : Nice garyb i’m gonna take
a peek at them this weekend
[07:26 am] candelas : it needs a pull
back
[07:26 am] garyb : Yeh ppann you will love
them! Did you get my email?
[07:26 am] joeytsa : nice call Candelas on
RRC
[07:27 am] amersaeed : Long on Yoku @
20.81
[07:27 am] dmitry : garyb did you get their
special no platform fee’s?
[07:27 am] mikewd2 -: hows commissions
gary?
[07:28 am] candelas : ask for the lifetime,
it’s not widely publicized
[07:28 am] candelas : speaking of
tradestation
[07:28 am] duckfan : Is tradestation better
than IB?
[07:28 am] joeytsa : waiting for an
“antelope trade” on GS again
[07:29 am] joeytsa : i had NCMI on my
morning list..forgot all about them, too much
going on..oh well
[07:29 am] jolliffboy : Kris – I bought NCMI
at 12.00. What is your opinion as a long from
that point?
[07:30 am] candelas : lifetime just means no
platform fees as long as u have an account
with them with min 5k
[07:30 am] dmitry : Brent is WBS still a
valid play?
[07:30 am] eyes-inthenow : how much is
lifetime
[07:30 am] joeytsa : out .75 on FAZ
[07:30 am] Kris : was that before or after
the move up to 12.43 jolliffboy?
[07:31 am] candelas : Wynn lod
[07:31 am] garyb : Mike….great, very
reasonable…1 cent a share
[07:31 am] garyb : Yes dmitry…I got their
deal…but if you trade 5k a month you get it
all free anyway…5k of shares is nothing if
you day trade
[07:31 am] joeytsa : out .25 on GS…good
morning so far
[07:31 am] jolliffboy : Kris – after move up
to 12.43
[07:31 am] mikewd2 -: so 1k shares is higher
than etrade, etc
[07:32 am] jolliffboy : Kris – got some
bullets left.
[07:32 am] Kris : you might take some heat
but you should be ok, it’s holding up. are
you full or do you have a couple bullets
left?
[07:32 am] ppann : cl low of day
[07:33 am] bandit : any advice on jpm?
[07:33 am] candelas : have to run errand be
back, awesome day in the zone
[07:33 am] candelas : say if u take a break
like vacation
[07:33 am] candelas : they offer no platform
fees as long as u have an account
[07:33 am] garyb : candeas…what’s lifetime
with TS?
[07:33 am] joeytsa : AGQ lod
[07:33 am] joeytsa : yeah mike
[07:33 am] Kris : good, wait to see if we can
break trendline resistance in the SPY before
adding to that long.
[07:33 am] mikewd2 -: $10 on 1k share is
high, yes?
[07:33 am] ppann : there is a small cluster
of support on the ES at the 1207 ish
[07:34 am] garyb : no $8 for 1000 Mike..BUT
if you scale in and scale out at 500 it’s
cheaper
[07:34 am] joeytsa : bandit: i don’t like
JPM,GS,WFC..none of the banks
[07:34 am] joeytsa : ppann, what’s your
chart time frame?…i’m using ticks
[07:34 am] mikewd2 -: ok, got it
[07:35 am] ppann : out at 86.4
[07:35 am] ppann : pick CL at 86 .25 3
contracts…gonna trade it fast
[07:36 am] candelas : exactly
[07:36 am] lisas : candelas, this is similar
to what you get if you meet minimum number of
shares traded? Doesn’t include date fees, but
is the platform and radar scan fee? That way
if you are on vacation, they don’t charge
what you normally get free for trading
enough?
[07:37 am] lisas : Great, thanks.
[07:39 am] ppann : CL should hit 55sma round
86.57 ish
[07:39 am] ppann : if it fails i’m gonna try
another short
[07:40 am] joeytsa : 86.53 is where my
darvis box has CL res
[07:41 am] ronfrac : Mitch: Target on MAT
[07:43 am] joeytsa : MCHP has been a nice
daily r-gap
[07:43 am] ppann : didn’t chase the short on
CL
[07:43 am] ppann : gonna look for a
potential bounce at 1207 area on the ES
[07:48 am] eyes-inthenow : Kris did you see
my question on WLT
[07:49 am] amersaeed : Long on YOKU @
20.65
[07:49 am] ppann : grabbed CL short at
86.63
[07:50 am] ppann : I’ll take it at 86.51 if
i can
[07:51 am] anthonyb : WLT was one of my good
trades today
[07:51 am] shark : look at MCHP for poss
bounce
[07:51 am] skydiver : I went aggressive
first part of morning on WLT – it went
against me so bought more and all worked out
great
[07:52 am] garyb : lol sky…on days like
that I think..why work? Then on other days I
think…”I better work!”
[07:52 am] ppann : i luv quick scalps
[07:52 am] ppann : took 86.49…5
contracts
[07:52 am] skydiver : it was a fun one for
sure 🙂
[07:52 am] skydiver : Made my weeks wages in
that one trade alone
[07:53 am] skydiver : a lot more fun making
money than losing it 🙂
[07:53 am] skydiver : agreed garyb –
[07:54 am] shark : FE on the move again
[07:58 am] ppann : hmmm pit traders are
buying 1175 SP futures puts…today’s
puts!
[07:59 am] anthonyb : could they be closing
out a “short put” position? pann?
[8:00 am] anthonyb : I mean “long
premium”
[08:03 am] anthonyb : VPTR?
[08:03 am] ppann : the put buying is
real..the rest always taken with a grain of
sea salt…
[08:04 am] anthonyb : Got it lol. lust had
to look at the screen
[08:04 am] lightning : i did the same thing,
lol
[08:04 am] lightning : VPRT
[08:04 am] pow : SLV selling off. ZSL
moving towards upward breakout. Dollar
getting ready to rise.
[08:05 am] pow : zsl breakout
[08:05 am] ppann : maybe countertrend Fri
[08:07 am] anthonyb : good call Mitch.
VPRT
[08:09 am] ppann : I luv playing tvix
btw
[08:10 am] ppann : puts buying was option
covering. Confirmed
[08:12 am] ppann : boy i forgot to trade
SWKS..lol had it ready and forgot to
buy…lol 40 min ago….
[08:17 am] ppann : took 23.84 on NUAU
short….from 24.22 cost average 600
shares
[08:19 am] rusty : MCP radar
[08:20 am] ppann : just missed my entry in
CL at 86.36…..
[08:24 am] lightning : ppann I hope you
passed on CL when it hit 86.36 again. It’s
headed toward 86.00 [08:21 am] ppann : I
must try over 100 entries /day only catching
bout 20 or so……so stubborn
[08:24 am] ppann : 1.6M spy block….grabbed
some long at 1208 on ES
[08:25 am] ppann : 10 handle rule
[08:25 am] ppann : 5 contracts
[08:25 am] ppann : gonna see how it act at
1207
[08:27 am] ppann : and take the 2 pt scalp
at 1210…at least that’s my game plan
[08:28 am] storage : Mitch thanks for VPRT
,And thanks Brent for MAT
[08:29 am] trvlntrdr : aapl in down trend
[08:29 am] trvlntrdr : gmcr resumed
downtrend
[08:29 am] trvlntrdr : goog may be starting
one
[08:30 am] eyes-inthenow : Candelas do you
know what the trend finder on Adrianos setup
is for Ninja Charts
[08:30 am] ppann : grabbed 3 more at 1207
[08:31 am] ppann : out at 1209 c/a at
1207.75..+1.25 8 cars
[08:32 am] ppann : that’s how i traded the
last trade on the ES
[08:32 am] ppann : the 7’s convert to 3’s
[08:32 am] trvlntrdr : eyes I thought that
was Adriano’s personal indicator
[08:34 am] electrader : Brent on ADBE is it
ever a concern that the stochastics is in
overbought on daily
[08:36 am] Brent : yes it is electrader, good
eye
[08:37 am] electrader : Would you pass on
that long if it did drop into the proper
profit parameters
[08:38 am] Brent : that has a lot of support
at $26, I probably would’ve taken it had it
kept dropping
[08:38 am] electrader : okay thanks
[08:38 am] frmendez67 : Nice ADBE trade
[08:39 am] trvlntrdr : GOOG consolidating
[08:40 am] joeytsa : took all morning but
AGQ finally closed gap
[08:43 am] ppann : from 1217 sh high on ES
to 1207…..10 Handles…….Knowing about
the cluster at 1207 i had mentioned
earlier, gave me the conformation for
entry…..Knowing that 7’s convert to 3’s…I
knew that i could get a solid bounce to
1209……..
[08:44 am] joeytsa : i need more learning on
the 7’s/3’s
[08:44 am] ppann : thus a confident no
hassle 2+ potential scalp……i got 1.25
out of it 🙂
[08:45 am] anthonyb : yeah the rule of 10’s
is something I’d like to know more about
[08:45 am] joeytsa : sounds a touch more
technical than my ‘ oohh its going up, buy’
signal
[08:45 am] ppann : 3’s = 6,9.etc
[08:45 am] ppann : 3’s convert to 0’s
[08:45 am] ppann : 7’s convert to 3’s
[08:45 am] ppann : works both ways
[08:46 am] anthonyb : lol that’s me
[08:46 am] Brent : lol
[08:46 am] joeytsa : i just try to play
follow the leader..more for swings, but also
on the trenders
[08:46 am] shark : hey, that’s funny, so did
ZSL, joeytsa -they’re meeting in the
middle
[08:47 am] apple : K – watched Web 6 last
night (with partymix) – excellent the 2nd
time around. However, I never did receive
the breakout pdf.
[08:48 am] anthonyb : one trade today
[08:48 am] anthonyb : yes ppann
[08:48 am] Brent : email me apple, I’ll
resend it
[08:48 am] joeytsa : i love breakouts
[08:48 am] ppann : anthony u trade the
ES?
[08:48 am] ppann : nice
[08:49 am] anthonyb : +2.25pts
[08:49 am] anthonyb : 3min
[08:49 am] joeytsa : what time frame
anthony?
[08:50 am] amersaeed : Anyone Long on
YOKU…
[08:50 am] junior : NOG pretty thin….but
interesting
[08:54 am] joeytsa : re: Breakaway
Trades…they give nice signals for swing/int
trades
[08:54 am] storage : anyone’s thoughts on
VPRT
[08:55 am] anthonyb : yeah storage, I
covered WAAYY to soon lol
[08:55 am] joeytsa : Breakaway Trades will
give amazing profits once this market bottoms
and evens out
[08:55 am] lisas : joey, ticks are really
middle of the road today
[08:55 am] storage : trail that 1/4
[08:56 am] apple : i am so ready…
[08:56 am] joeytsa : for ticks or
indicators?
[08:56 am] joeytsa : lisa…i change my tick
size middle of the day
[08:56 am] lisas : What’ your set up
Joey?
[08:56 am] ppann : Eu considering a 1 time
%50 Greece Write down
[08:56 am] trvlntrdr : Brent was there ever
a link to Mitch’s mini-webinar he did during
a the trading day a few days ago?
[08:57 am] Brent : I’ll check with Mitch
trvlntrdr
[08:57 am] lisas : alerts at -/+ 1000
[08:57 am] lisas : ticks, I use 1 min with
21 ma of that
[08:57 am] mikewd2 -: trvlntrdr – i think
it’s in the documents folder on far lower
right of screen
[08:57 am] ppann : just hit bloomberg
[08:57 am] ppann : looking at the eur/usd
[08:57 am] trvlntrdr : hidden under my nose
all week?
[08:57 am] trvlntrdr : thanks mike
[08:58 am] joeytsa : opening 90mins/closing
90 minutes i use 580
[08:58 am] ppann : who knows they make this
up on the fly
[08:58 am] trvlntrdr : ppann why is that not
a default?
[08:59 am] joeytsa : middle i switch to
340
[08:59 am] joeytsa : on YM,CL i stick with
fib#’s..89, 144
[09:00 am] joeytsa : indi’s:
macd,stoch,%r,darvis box
[09:00 am] joeytsa : very tight bb’s, and
4ema
[09:00 am] lisas : Makes sense, I have the
600’s up there for the doldrums, use them
with tna/tza if no better trades out there
[09:00 am] ppann : they have such a long way
to go…
[09:01 am] anthonyb : I mean short
positions
[09:01 am] anthonyb : my shorts might get a
boost here.
[09:01 am] trvlntrdr : ppann notice how they
changed the discussion lately from avoiding a
default to avoiding a “messy default”
[09:02 am] joeytsa : i have been using the
580 to try to game TNA/TZA
[09:02 am] joeytsa : i will research
that….
[09:02 am] lisas : use 21ma on tick to gauge
short term bias. Usually first 1000 in either
direction I fade the tna or ym. rest I go
with
[09:03 am] amersaeed : YOKU was a
pain….!!
[09:04 am] lisas : Joey, that seems to be a
pretty high probability trade for me as
well.
[09:05 am] joeytsa : lisa, i use the 580 to
get a 20 tick jump on the 600 tick users
[09:06 am] joeytsa : but you have to
realize, i am looking for really quick
scalps
[09:07 am] lisas : I tend to look at what
the current range is, use 1/2, then can scale
in if it take a bigger move than expected,
agree to scalp, small target
[09:08 am] joeytsa : i look for candle
reversals at s/r with correlating indi’s that
follow the trend….
[09:08 am] lisas : right now, tna in
downtrend, so would use tza, except, ym at
50% retracement, soooo will it find support,
what’s my crystal ball say, lol
[09:10 am] joeytsa : i didn’t play it, but
my CL chart gave a 20cent move [09:09 am]
joeytsa : my bb’s are flat on ES, very tight
darvis box
[09:10 am] lisas : That’s really a set up by
the way.
[09:11 am] joeytsa : new trading rule : If
you aren’t going to learn from your
mistakes..then why make them 🙂
[09:11 am] lisas : Probably can’t explain
well, but it’s a break out of darvas box in
conjunction with the kelner channels moving
back outside the bollinger bands
[09:13 am] dano : …if I hang around long
enough, this stuff will rub off and sink in.
Not sure when…months…who knows, but I
know I like to learn this stuff, albeit a tad
slow
[09:15 am] anthonyb : yeah I outta here
guys. Just closed Nav short for +.80, RVBD
short for +.60. and RIMM short for +.22.
brought my pnl back a good ways. I’m flat
except for 1 swing trade. Have a GREAT
weekend everyone. see you all on the
flipside!!
[09:15 am] lisas : good job anthony! great
patience on RVBD.
[09:15 am] neuronx : MPC new hod
[09:18 am] pow : mako moving up
[09:20 am] pow : out of all mako
[09:20 am] ppann : i’m thinking of buying
some spy call options right at the end of
day…
[09:21 am] anthonyb : I think I would sell
them to you for the right price ppann
[09:21 am] ppann : gonna play it to 09
[09:21 am] ppann : just picked at 1207 again
btw
[09:25 am] neuronx : GCI
[09:29 am] anthonyb : there was your 1209
ppann
[09:29 am] ppann : took + 2 on the ES 10
cars …out at 1209
[09:30 am] Brent : nice ppan
[09:30 am] ppann : 7’s to 3’s
[09:34 am] amersaeed : YOKU is coming back
finally..
[09:36 am] ppann : bear flag in bonds
[09:39 am] ppann : on the 5 min…sorrry
[09:40 am] joeytsa : IBM reports on monday i
believe, should be something to watch
[09:41 am] pow : amzn approaching hi of the
month
[09:49 am] rd : Just got in, hope you have
all done well. I just knew NAV would be a
great short. Icahn is a puts best friend.
[09:51 am] joeytsa : ES in tight range, macd
trending lower
[09:54 am] ppann : if there can’t be a run
towards the high of the day in the ES by 2,
then a drift lower..imo
[09:55 am] shark : die, NFLX, die!
[09:56 am] eyes-inthenow : Did you guys know
you can plot two time frames on one chart in
Ninja
[09:58 am] joeytsa : NFLX is like those 2
divers
[09:58 am] shark : die, GOOG, die!
[09:59 am] candelas : RRC hod
[10:00 am] joeytsa : 1 point range last 10
minutes
[10:00 am] joeytsa : ES range got even
tighter on the 340
[10:02 am] candelas : it had been itching to
move all day
[10:03 am] joeytsa : nice little spike of
volume on the break above hod
[10:03 am] neuronx : candelas what scanner
you r using?
[10:04 am] candelas : I picked that one up
from yesterday cuz I liked the daily
[10:04 am] ppann : not anticipating/thinking
of what next on the ES..gonna hawk it and
just react…:)
[10:05 am] candelas : but I use radarscan in
Tradestation, and etrade scanner
[10:06 am] candelas : yes
[10:06 am] joeytsa : candelas: does
radarscan come with tradestation?
[10:06 am] joeytsa : i might just check them
out, same with esignal
[10:06 am] skydiver : out of NFLX bought at
115.57 sold 116.30
[10:07 am] candelas : i had the scanners for
esignal but never got use to them
[10:07 am] candelas : so i just use their
charts
[10:07 am] ppann : 09’s convert to 12’s
[10:07 am] skydiver : and I took a phone
call – almost forgot I was in NFLX – whew –
sold at right time
[10:08 am] joeytsa : seems like a bunch of
options with esignal…have to take my time
and read through everything
[10:11 am] qwert : yep nav
[10:12 am] lightning : I shorted NAV early
in the day, but closed out about 30 cents
ago.
[10:12 am] skydiver : Missed NAV –
[10:12 am] skydiver : Nice one on NAV!
[10:13 am] lightning : looking at RRC for a
possible short
[10:13 am] skydiver : Yes Mitch – fantastic
call on NAV
[10:14 am] mikewd2 -: 3min fade on RRC
short?
[10:15 am] lightning : that’s what I am
thinking Mike
[10:16 am] ppann : just noticed CL nice
pop…looking to short it for a quick
scalp
[10:16 am] ppann : small buy program
[10:18 am] shailan : BIDU
[10:19 am] dano : end of day thoughts,
anyone??
[10:19 am] ppann : took my patnd chicken
short of +. 12 on CL grabbed 86.99 on the
cover…5 contracts
[10:20 am] dan : Brent , TSO ?
[10:20 am] junior : ROST dbl top
[10:20 am] skydiver : come on down RRC
[10:21 am] Brent : not a big enough move for
me to fade TSO dan
[10:21 am] mhaus : TLSA
[10:21 am] mikewd2 -: i like the 3min fade
[10:21 am] rd : yes on NAV short at 41.10
and first half is out
[10:22 am] mhaus : Thx. Out 27.5
[10:22 am] mhaus : TSLA
[10:22 am] skydiver : TSLA – watching
[10:23 am] joeytsa : nice quick one mhaus
[10:23 am] mhaus : in 27.8
[10:25 am] ppann : the 12’s are
confirmed…pullback to the 10’s?
[10:25 am] ppann : to convert 3 to 0’s
[10:26 am] shark : die, NFLX, die!
[10:26 am] skydiver : nice mhaus on TSLA
[10:27 am] mikewd2 -: RRC turning out nice
[10:27 am] pandozzi : im feelin a selloff
soon
[10:27 am] pow : ERY stochastic at
extreme
[10:27 am] trvlntrdr : cya for the
weekend–going camping with the fam.
[10:29 am] Brent : good job Mike, where’s
your first target?
[10:30 am] lightning : covered 1/2 RRC
short.
[10:30 am] mikewd2 -: 70.84
[10:31 am] Brent : nice job guys
[10:31 am] skydiver : covering 1/2 RRC short
as well
[10:32 am] candelas : it was great trade
both ways
[10:32 am] lisas : Great call ed, thanks!
[10:32 am] skydiver : Thanks for RRC short!
Couldn’t do it without you guys! – still
learning 🙂
[10:33 am] candelas : i agree, great calls
all around
[10:33 am] ppann : the average move for
today when we start with a gap up is about
9.5 handles…The move down so far has been
10.5 handles…..
[10:33 am] skydiver : NAV was very nice, RRC
very nice, just lots of nice today
[10:34 am] Brent : yeah, I heard you could,
never tried it though
[10:34 am] eyes-inthenow : Brent did you
Know you Can Plot two time frames on 1
Chart
[10:34 am] lightning : SBUX will be a long
to watch on Monday — if it goes above 42
strongly early.
[10:34 am] ppann : oh on the ES
[10:34 am] skydiver : Really eyes?
[10:35 am] eyes-inthenow : + 3m use space
[10:35 am] eyes-inthenow : it is really easy
in chart + 3m
[10:35 am] eyes-inthenow : or 5m or
whatever
[10:36 am] Brent : lol, nice patience mike
[10:36 am] mikewd2 -: out half RRC 70.84
[10:36 am] mikewd2 -: still looks good on
3min
[10:36 am] mikewd2 -: took a while
[10:37 am] Brent : may pick up some speed
clearing this 50ma on the 1min on RRC
[10:37 am] skydiver : is NAV bouncing?
[10:38 am] ppann : For CL 86.80 to 70ish
could be stable before making an attempt to
new highs 87.30 to 50ish
[10:38 am] skydiver : S ROST 84.63
[10:38 am] skydiver : still have 1/2 in RRC
Short
[10:39 am] lightning : GMCR breaking to new
lows
[10:39 am] ppann : i’m gonna react to a
short if it confirms this pattern. Late in
the day
[10:40 am] mikewd2 -: me too
[10:40 am] mikewd2 -: NAV
[10:40 am] skydiver : all out of RRC
[10:41 am] lightning : still riding 1/2 RRC.
Watching closely though
[10:41 am] ppann : on cl
[10:41 am] ppann : trying quick long at
.70
[10:41 am] ronfrac : ROST Resistance
84.40
[10:42 am] Brent : looks good to me lightning
if you can get some help from SPY
[10:42 am] mikewd2 -: i sold but based on
1min – didn’t realize i was on that
[10:42 am] mikewd2 -: was bouncing back and
forth
[10:43 am] mikewd2 -: might have been a good
thing though
[10:44 am] Brent : it’s been trending of the
50ma most of the day on the 1min
[10:44 am] Brent : RRC has
[10:45 am] skydiver : had a tight stop
[10:45 am] skydiver : stopped out of ROST
–
[10:46 am] ppann : took my pttnd chkn scalp
+.12 on 5 contracts
[10:48 am] lightning : ppann, is +.12 a
magic number?
[10:48 am] ronfrac : Mitch: short ROST
84.76 2M avg and stoc turned up. Cover?
[10:49 am] amersaeed : Any comment on YOKU –
MItch, Kris….??
[10:49 am] Kris : what is your question
amersaeed?
[10:49 am] pow : MKING, why are you using
1-,8,7 on NAV stochastic?
[10:50 am] amersaeed : any hope to come
back… of YOKU…
[10:50 am] amersaeed : yes
[10:50 am] Kris : are you long?
[10:50 am] Kris : I was short off the open.
did someone call it long?
[10:50 am] ppann : no lightning most of the
times i would catch 1/4 of the whole
move…good enough for me…
[10:51 am] amersaeed : 20.70
[10:51 am] Kris : it looks very weak trying
to hold this consolidation level
[10:51 am] Kris : what’s your entry?
[10:51 am] mikewd2 -: Mitch said to watch
YOKU, but called it off – it was a no-go
[10:51 am] ppann : go back a bit and reread
my comments on CL…pull up the chart and
times ….room to play
[10:52 am] Kris : I don’t see it coming back
to your entry today amersaeed
[10:52 am] Kris : I’ll short it on a new lod
in fact
[10:52 am] Kris : ok, it’s bottoming here at
support, give it about 15-20 minutes to cycle
up and then see if you can get out around
20.40-20.50 area.
[10:52 am] lightning : Thanks ppann, I got
it for a little more than .12. Just
wondering.
[10:53 am] Kris : I’ll take 12 ticks all day
long
[10:53 am] ppann : scalped over 40 round
trips today…having some fun
[10:58 am] mhaus : for swing trade
[10:58 am] mhaus : TSA, what are your
thoughts for NTES?
[10:59 am] Kris : I don’t see a lot of
potential where it’s at to the long side and
I would wait for confirmation before entering
it as a swing trade short imho mhaus.
[11:00 am] pow : doji on 2 min chart for
TZA
[11:01 am] joeytsa : spend all weekend
reading fundamental stuff, annual
reports…it’s all crap
[11:01 am] ppann : not at all been doing it
since 96…Family sees things a little
diff….aka i should have better things to do
than to sit in front of screens 14 hrs
/day
[11:02 am] ppann : swings for me don’t last
as long as they used to….i’m a trader i
trade everything
[11:03 am] elias : SWC
[11:03 am] joeytsa : me either
ppann…swings changed for me a year or 2
ago
[11:04 am] Kris : this is looking like all
yoku has amersaeed, start looking to get out
or move up a stop on your long
[11:06 am] billyjackrochester : when you say
look for short at top of bounce, how do we
know when to enter?
[11:06 am] Brent : not yet eyes, I will
though
[11:06 am] eyes-inthenow : Brent did you
check it out
[11:07 am] lisas : r u new billyjack? Mitch
uses indicators, if new, the dvd’s will
explain
[11:07 am] mikewd2 -: TZA l 37.13
[11:07 am] pow : LOng TZA
[11:07 am] ronfrac : no stk atpg avail to
borrow
[11:09 am] eyes-inthenow : Kris please
resend
[11:11 am] mhaus : out WLT
[11:11 am] mhaus : WLT
[11:13 am] pow : NAV turned over
[11:14 am] rusty : SPY volume very low yet
again
[11:15 am] derns : Low volume with an
uptrend…I can’t help but be concerned about
this 10 day run up.
[11:17 am] billyjackrochester : mitch what
are you looking for in atpg?
[11:17 am] joeytsa : could be a danger
derns
[11:18 am] apple : thx B
[11:18 am] billyjackrochester : to sell
short?
[11:18 am] Brent : I sent that pdf to you
apple
[11:18 am] derns : What surprises me is how
low TZA has gotten..seems like there should
be a hidden concern over uncertainty in the
market
[11:18 am] lisas : Billy, do you see the
chart? He’s looking for the indicators to
flatten, turn down, look at the stochastic
and the blue moving average
[11:19 am] billyjackrochester : i know
stupid questions, but i am still learning
[11:19 am] joeytsa : brj: good questions to
ask while learning
[11:19 am] lisas : Have you gotten the
dvd’s?
[11:19 am] lisas : Not stupid, you’re
learning
[11:20 am] billyjackrochester : yes, but
only the one stock, last day of free room,
gonna join though, I have learned more in a
weak than in a year by myself
[11:20 am] joeytsa : billyjack…have you
ever traded b4 or anything?
[11:21 am] Brent : it’s good to have you
billy
[11:21 am] joeytsa : some great teachers,
and you don’t have to unlearn any bad habits
etc
[11:21 am] joeytsa : that’s why i asked…if
you are new to trading you have the best of
both worlds
[11:21 am] lisas : watch the dvd’s several
times
[11:22 am] apple : we all help one
another
[11:22 am] billyjackrochester : you guys are
unbelievable! made some money while here, but
mostly watching to learn!!! until I get
comfortable
[11:22 am] mhaus : That’s true. You don’t
have to unlearn the bad habits. We will just
hammer them out of you.
[11:23 am] billyjackrochester : so what is
the easiest one to start with for a
beginner?
[11:23 am] joeytsa : save yourself time and
energy…don’t look for the holy grail, it’s
not there…learn 1 or 2 techniques…get
them down and you won’t have to worry about a
boss again
[11:23 am] mhaus : It’s been the best week
of October for me.
[11:24 am] apple : V is great and easy to
understand
[11:24 am] billyjackrochester : ok, seen you
guys trade the v and i like it, but what is
the 3 min fade?
[11:24 am] lisas : Personally, the 3 min
fade
[11:24 am] mhaus : Billy, paper trade for a
couple of weeks
[11:24 am] ppann : oh btw i grabbed that 2
bottom on CL this time.. scalped it from
86.66 to 86.87 5 contracts….was on the
phone with itrade trying to make sure they
were wiring out some food money for the
weekend….
[11:25 am] lisas : hmmm, I think it’s the
same
[11:25 am] mhaus : practice the different
strategies in the DVD, see what works best
for you, then go live.
[11:25 am] ppann : sold it at the 55sma on
the 1 min
[11:26 am] billyjackrochester : yeah, I set
my charts up to mimic the dvds
[11:26 am] lisas : The dvd’s have extra
indicators, look at the charts in room to see
what TSA is using now.
[11:27 am] billyjackrochester : but i get a
little lost still on the quick trades you
guys do, still learning on those
[11:27 am] billyjackrochester : forecasted a
huge $1+ move (trend) for amat 5000 shares
[11:28 am] billyjackrochester : huge for me
😀
[11:28 am] joeytsa : and don’t confuse
daytrading with swing trading
[11:28 am] Kris : if you email me billyjack
I’ll send you my strategy
[11:28 am] Kris :
[email protected]
[11:28 am] ppann : i am still thinking of
holding these 128 Nov calls on the spy
picked up at .95 over the weekend….
[11:29 am] billyjackrochester : sure, i have
daytraded some too in the past
[11:29 am] dano : Bjack, for me I limit
myself to a few live trades / week. I
practice and learn for the rest of the week.
I get live experience / nerves and sim trd to
work on strategies. Quite a system, but it
works for me. Gotta feel the live…real
emotion tester.
[11:29 am] joeytsa : but the charts can
still look the same
[11:29 am] lightning : OVTI alert
[11:29 am] mhaus : Billy, that’s why I say,
paper trade for a couple of weeks, then go
live.
[11:29 am] ppann : 20 of them
[11:30 am] mhaus : missed it 🙁
[11:33 am] Kris : thin?
[11:33 am] ronfrac : KRIS: ? go long ovti.
Very thin
[11:34 am] joeytsa : i see 5M shares
traded
[11:34 am] joeytsa : l 15.50
[11:34 am] joeytsa : stopped at 16
[11:34 am] ppann : got to stop multitasking
just covered off 1213 t o 1211.5, really
sorry bout that,,,wanted to give a reverse
example of the 3′ convert to 00’s…..
[11:34 am] ronfrac : News OVTI rumor it’s
chip may not be in 4S
[11:34 am] skydiver : L 15.54 OVTI
[11:35 am] neuronx : Kris you got OVTI from
trade ideas scanner?
[11:35 am] skydiver : out OVTI 15.82
[11:36 am] billyjackrochester : ovti still
good for long?
[11:36 am] ppann : if the convert fails we
make a run for it to the long side
[11:38 am] mhaus : Billy, trades on rumors
are short quick trades. You take a few
dollars in profit both ways and get out.
[11:38 am] ppann : this crazy way of reading
the tick,with bollngrs,stochs,mcad piviots
and sma’s really paint a clear picture
[11:39 am] joeytsa : that’s what i do
ppann…not perfect though
[11:39 am] Kris : good point. we haven’t
talked about ALERTS in a while
[11:39 am] Kris : if you see us post ALERT it
is a fast moving news trade
[11:39 am] lisas : atpg dropping again
[11:39 am] mhaus : $100 in a few minutes is
not bad
[11:39 am] neuronx : Brent is the trade
ideas scanner works much betder than etrade
scanner >?
[11:40 am] Kris : it’s advanced and should be
practiced first before trading it live.
[11:40 am] Kris : They typically move too
fast for us to give the initial entry but we
may give entry on the reversal if it sets
up.
[11:40 am] mikewd2 -: out half OVTI 15.8
[11:40 am] ppann : then u learn some
elliotte, apply 10 handle rules with the 3’s
become a BORG..how can u loose…We will
assimilate u into our collective..the
trading robot tempt us with….
[11:41 am] joeytsa : i noticed that
sometimes that very 1st rebound move happens
b4 the indicators signal..i jumped the gun
and guessed correctly that time
[11:41 am] joeytsa : my schwab chart gave me
the signal earlier than my lightspeed chart
did
[11:41 am] Kris : I trade the news moves off
the 1min, too fast for a 2min or 3min chart
for typically.
[11:41 am] ppann : so if we can be more like
them and they can’t be more like us- We will
always win…Yeah!
[11:41 am] ronfrac : Rumor seems verified
based on news rpt
[11:42 am] candelas : agreed, we have to
have a systematic approach that is
consistent
[11:42 am] joeytsa : looks like an ekg
[11:42 am] Kris : you might even prefer a
tick chart
[11:43 am] apple : that gets me crazy…
[11:43 am] candelas : no way
[11:43 am] candelas : u can do it push
through
[11:43 am] joeytsa : MCP spiking up a bit
[11:43 am] Kris : look at OVTI on a 200
tick
[11:43 am] Kris : no way
[11:43 am] Kris : no, that’s a single tick
[11:43 am] mikewd2 -: nice calls guys on
OVTI
[11:44 am] apple : very nice on OVTI
[11:44 am] joeytsa : i don’t think
Lightspeed has tick charts, but i did ask
them to add VWAP and Darvis
[11:44 am] lisas : lol Mitch
[11:44 am] pow : Kris what the settings for
you to pick up the alert on OvTI
[11:44 am] skydiver : 200 tick much
better
[11:45 am] joeytsa : pow: on madscan i have
one set up to show 25cent spikes
[11:45 am] Kris : I just had one stock on my
scanner making fast and continuous new
lows
[11:45 am] Kris : it stood out
[11:45 am] Kris : yes
[11:45 am] pow : Is that setting part of the
course material you handed out
[11:46 am] candelas : mcp getting some
love
[11:46 am] Kris : the scanner settings from
the webinar will pick it up on the trade
ideas or etrade scanners
[11:47 am] apple : thx MK, K and B and
everyone – very good today. All have a
fabulous weekend. See you Monday!
[11:47 am] candelas : etrade scanner that
is
[11:47 am] candelas : it picked up on
mine
[11:47 am] Kris : double check your settings
pow
[11:47 am] neuronx : etrade won’t pick this
up it only works for spikes up
[11:47 am] pow : I have the scanners up now
and did not pick OVTI up
[11:48 am] candelas : sometimes if u turn ur
head u can miss it
[11:48 am] lisas : Etrade is doing a 90 day
free etrade pro
[11:48 am] ronfrac : MCP poss takeover by
rio tinto
[11:49 am] candelas : the other AAPL is
gettn some love
[11:49 am] candelas : tryn to breakout
[11:49 am] neuronx : candelas how you set up
your move down for 3%
[11:50 am] candelas : yes
[11:50 am] storage : Thanks Kris for OVTI
15.55 out 16.6
[11:51 am] eyes-inthenow : I don’t see
16.60
[11:51 am] storage : 16.06
[11:52 am] eyes-inthenow : nice trade
[11:52 am] eyes-inthenow : that better
[11:53 am] neuronx : Brent it is no setting
for 3% down only up like min up 10% right
.
[11:54 am] candelas : actually that one came
up on high/low ticker
[11:54 am] neuronx : candelas you said you
got ovti on etrade can u tell me how you did
3% for downside move
[11:55 am] Kris : did you see the scanner
webinar?
[11:55 am] Kris : yes it is neuronx
[11:55 am] neuronx : ok so it’s different
scan is not for 3 min fade tks
[11:55 am] neuronx : y
[11:56 am] Kris : should come on the falling
stocks scanner
[11:56 am] Kris : that won’t work very
efficiently
[11:56 am] Kris : you don’t set a min %
move
[11:56 am] neuronx : but its big move should
come up on 3 min fade scan for tradeideas
[11:57 am] dano : is there an indicator (of
sorts) of say the S&P that shows shorts
vs just plain sells?
[11:57 am] ppann : i’m gonna look to short
CL in the 87.20′ to 87.30 area
[11:58 am] Kris : I wish dano
[11:58 am] Kris : short inventory is released
once per month
[11:58 am] sonorant : well all I can say
about OVTI is that it was interesting, that
it worked better on a 30 sec chart, and that
I’m glad I’m in sim. Those first few
bounces were pretty fast
[11:59 am] Kris : lol ppann you swing trade
like me
[11:59 am] lightning : Sonorant, I just
traded OVTI as a 3-minute fade and picked up
2.7%.
[11:59 am] ppann : i knew i couldn’t hold
those spy calls over the week end…took 1.05
from .95 20 contracts…….
[12:00 pm] candelas : take now or forever
hold your peace
[12:00 pm] derns : TNA/TZA
[12:00 pm] ppann : LOL good i don’t feel
alone anymore…..:)))
[12:01 pm] joeytsa : i used to do a lot of
swing trading too
[12:01 pm] joeytsa : markets turning around
too fast
[12:01 pm] joeytsa : swings have been tough
for me to take
[12:01 pm] Kris : ask brent, I’m always
telling him to remind me that it’s a swing
trade.
[12:01 pm] ppann : oh i’m shorting this
spike….ticks +1216……1.6M SPY block
[12:02 pm] Brent : very true
[12:02 pm] joeytsa : and i am in the
technically bullish/fundamentally bearish
mindset
[12:03 pm] ppann : 1st lot at 1215
[12:03 pm] ppann : Kris..LOL
[12:04 pm] sonorant : lightning, I jumped
the gun on it with a 1 minute chart and got
nailed. You are right, the 3 minute chart
would have been pretty safe, looking at
it.
[12:05 pm] lightning : Sonorant, I gave up
trading spikes with a 1-minute chart. I’m
too eager, and lost too much money that
way.
[12:05 pm] sonorant : if it reverses faster
than I can move the stops, they are gone and
so am I
[12:05 pm] sonorant : my pre-set stops are
also problematical for these less expensive
stocks with big moves.
[12:06 pm] lightning : Ah, I see.
[12:06 pm] lightning : I agree, but I trade
either 1/2-sized position or less and put
stop just under the LOD in this case.
[12:06 pm] mhaus : BSFT
[12:06 pm] sonorant : my stops are 1%, but
on this stock, 15 cents happened instantly
[12:07 pm] billyjackrochester : Kris so that
means it will tend to go down spy?
[12:07 pm] billyjackrochester : ok
[12:07 pm] Kris : that means it’s building up
for a breakout over the resistance line
[12:07 pm] ppann : fyi…..these kind of set
up for me i will continue to short the higher
it goes started with 5 lots then i add3 lots
2 lots 5 lots all the way to 25…then i kill
it….
[12:07 pm] ppann : no thinking just
reacting
[12:08 pm] lightning : my stops are usually
1%, too, but on spikers I go smaller shares
and wider stops. In this case, my stop was
about 1.6%
[12:08 pm] ppann : looking at 1217 for my
next lot short
[12:10 pm] greg : Seems like failed
breakouts from triangle consolidation (like
OVTI) are really nice signals, anyone second
that?
[12:10 pm] lightning : I see, if you use an
ATM, I can see how that could be a problem
since it was moving very fast
[12:10 pm] sonorant : I guess I need some
presets for spikers with wider margins
[12:10 pm] sonorant : though you can always
get hurt
[12:10 pm] victor51 : tHANKS cHRIS, ovti
SHORT WORKED FOR SOME $$$$
[12:11 pm] lightning : no, I use
Lightspeed.
[12:11 pm] sonorant : lightning, I forget,
are you on Ninja T?
[12:12 pm] Kris : a support trendilne coming
into resistance area and then a fail back to
the lows.
[12:12 pm] Kris : after initial large moves
down, I would agree that is a consistent
pattern greg
[12:12 pm] sonorant : look at the BSFT trade
— if you waited for the 3 minute candle on
that one the trade was over. But then it
wasn’t 3 or 4% either.
[12:13 pm] lightning : you are correct,
sonorant, it means sometimes I miss a
trade.
[12:13 pm] ppann : grabbed 2 contracts short
on CL at 87.20…..
[12:13 pm] ppann : waiting to add more
[12:13 pm] sonorant : Could you draw a
picture of what you guys are talking
about?
[12:14 pm] greg : cool thanks kris, makes
sense… i sometimes forget about the initial
large move part 🙂
[12:17 pm] joeytsa : today’s move on SPY
daily looks like lowest volume day since
july25th?
[12:17 pm] sonorant : for the SPY
triangle?
[12:17 pm] sonorant : Kris — what chart do
you look at to see it, the daily or the 1
min, or the 15 min?
[12:18 pm] joeytsa : or am i missing
something, plus 45 minutes left
[12:19 pm] derns : Kris..what is the
significance of a triangle pattern? Is that
excessive resistance?
[12:19 pm] joeytsa : so july 25th SPY was
134, OCT 2nd SPY 108on the low…
[12:19 pm] ppann : it’s pretty low
vol…..
[12:20 pm] joeytsa : today’s level is
basically a 50% retracement
[12:20 pm] joeytsa : with 124 the 200ma
resistance
[12:21 pm] dan : Kris, in sTrategyDesk, can
we set another column with 1min stock?
[12:21 pm] Kris : breaking down an ascending
triangle is basically higher lows coming into
a single resistance line
[12:21 pm] Kris : depends on the shape of the
triangle derns
[12:21 pm] Kris : each sell off from the
resistance line has less sellers then the
previous move
[12:21 pm] Kris : less shorts coming in
[12:22 pm] derns : Kris…so a possible
upward breakout with volume?
[12:22 pm] eyes-inthenow : what are you
basing your price off of Ppann
[12:22 pm] joeytsa : 2 days ago,abandoned
baby/doji on higher vol than yesterdays
hammer
[12:22 pm] joeytsa : i have 87.27 as some
resistance ppann
[12:22 pm] ppann : and 1217 on the ES
[12:22 pm] ppann : looking at 87.3 for my
next spoon short on CL
[12:22 pm] sonorant : Kris are you talking
about the Daily chart on the SPY?
[12:23 pm] Kris : ascending triangle is a
bullish pattern when the previous move is
up
[12:23 pm] Kris : look at the 15 minute chart
sonorant SPY
[12:23 pm] Kris : yes derns
[12:24 pm] Kris : they can also fail but they
get to a point where they wind up and can
make a good move
[12:24 pm] sonorant : okay Kris, what am I
supposed to see, where is the triangle?
[12:25 pm] billyjackrochester : have a good
weekend everyone, been a great learning
experience for me
[12:25 pm] Brent : have a good night billy
[12:26 pm] billyjackrochester : Look forward
to learning more from you guys!!
[12:26 pm] billyjackrochester : you will, I
am joining the room. i only get to trade on
maybe monday and friday part days cause I
work in an office
[12:26 pm] ppann : ok MM trick to signify
the higs on the ES is being played out…
[12:28 pm] Brent : hurry up before it
breaks
[12:28 pm] candelas : assuming markets
breakout next week keep an eye on AMZN
[12:28 pm] ppann : GS will by the high tick
of the ady sit on the bid. shorting
everything coming his way……
[12:28 pm] sonorant : I’m loving it Kris
😉
[12:29 pm] billyjackrochester : glad to know
I am not alone 😀
[12:29 pm] candelas : I will let u tell me
Sonorant, look at the daily for Amzn
[12:29 pm] greg : awesome room btw, i tried
another room 5 years ago but this is waaaayyy
better
[12:29 pm] greg : billyjack, I’m in the same
boat
[12:29 pm] greg : learning to trade while i
do my j-o-b
[12:29 pm] joeytsa : always learning, no
matter how long you trade
[12:29 pm] Kris : can you see it now?
[12:29 pm] sonorant : candelas — break out
which way? down?
[12:29 pm] sonorant : YES!!!!! but what
does it mean????
[12:30 pm] billyjackrochester : I have tried
other places to learn as well, never found
anything nearly as good. These guys really
know their stuff.
[12:30 pm] joeytsa : yeah greg, it rocks
here
[12:30 pm] ppann : grabbd some more at
16.50
[12:31 pm] billyjackrochester : and are
willing to help, that’s the real advantage
[12:31 pm] sonorant : well, amazon is way
up. — all time high for the data that I
have loaded.
[12:32 pm] candelas : so, if u have a strong
market, u have very little resistance makes
it easier for move higher
[12:32 pm] joeytsa : market pushing
higher
[12:32 pm] ppann : if it hits 19 i’ll short
5 more
[12:32 pm] sonorant : so are you saying that
if the market goes south — is that the point
of the triangle? that it is likely to fall —
further to fall?
[12:33 pm] joeytsa : you got your wish
[12:33 pm] ppann : 5 more at 1219.25
[12:33 pm] ppann : locals are rockin
it….2.9m spy block
[12:33 pm] ppann : shorted more at 19
[12:34 pm] candelas : Ben and co. definitely
dressing it up
[12:34 pm] ppann : 3 more..
[12:34 pm] ppann : total 16 cars short
[12:34 pm] sonorant : this looks like
another end of day run up
[12:35 pm] Kris : sonorant, have you read
technical analysis of the financial
markets?
[12:35 pm] ppann : 100 cars offered at
1220…..
[12:35 pm] ppann : the whole pit sold
them
[12:35 pm] sonorant : it is easier when you
have live examples
[12:35 pm] sonorant : part of it Kris
[12:35 pm] sonorant : there is a lot of
information in there to absorb
[12:37 pm] sonorant : futures? at 1220
being sold short?
[12:37 pm] sonorant : is 100 a lot?
[12:38 pm] joeytsa : bb’s curving down
[12:38 pm] joeytsa : macd trending down on
ES
[12:38 pm] lightning : ITMN on a run
[12:38 pm] ppann : SB is selling them
[12:38 pm] ppann : this should be a good
drop
[12:38 pm] ppann : yup and 160 offered at
1219 by devonshire
[12:38 pm] sonorant : okay, but what is the
implication? of selling a lot of 1220
futures?
[12:39 pm] candelas : what color are
they?????
[12:39 pm] joeytsa : TZA will run on this
[12:39 pm] Kris : they used to be called cars
cause of the railroad cars that carried the
product
[12:39 pm] ppann : not one MM is buying
[12:39 pm] ppann : yes it should on
tza….I’m going to kill this trade
[12:40 pm] joeytsa : already am on this
side
[12:40 pm] sonorant : and does everyone know
this, or just you?
[12:40 pm] sonorant : who is SB and who is
MM?
[12:41 pm] candelas : TZA was a nice piece
of cheese
[12:41 pm] joeytsa : 2pts on ES 🙂
[12:41 pm] joeytsa : out 40cents on TZA
[12:41 pm] Kris : lol
[12:41 pm] ppann : nope direct from
traders
[12:41 pm] qwert : ppann are you listening
to the pit?
[12:42 pm] blakesax : Cramer trying to get
3X ETF’s outlawed
[12:42 pm] blakesax : I know, he was really
screaming about them on TV a little while
ago
[12:42 pm] joeytsa : he’s been on that
bandwagon for over a year
[12:42 pm] ppann : took 10 off at 16.5
[12:42 pm] sonorant : ppann, traders in the
pit that you know?
[12:43 pm] joeytsa : great ppann…thanks
for that heads up..you correlated what i was
seeing on my tick charts
[12:43 pm] joeytsa : nice little end to the
weekend
[12:43 pm] ppann : 6 running
[12:43 pm] ppann : Totally awsome
joey!!!!!
[12:44 pm] dan : Brent, after study hard on
your strategy, my winning rate is over 90%
[12:44 pm] dan : thanks alot
[12:44 pm] joeytsa : nice job dan !!!!
[12:44 pm] lisas : Interesting, the market
did this last Friday as well, moved up
initially, then flipped, still early yet,
but looks like same pattern here
[12:45 pm] candelas : great job Dan
[12:45 pm] joeytsa : just don’t lose more on
that 10% than you make on the 90%
[12:46 pm] dan : my lost was very small
[12:46 pm] eyes-inthenow : Everyone Have a
awesome weekend
[12:46 pm] ppann : buy program
[12:46 pm] ppann : covered at 17
[12:46 pm] ppann : that was a nice little
trade on the ES…….
[12:47 pm] joeytsa : i’m flat…and done for
the week
[12:47 pm] ppann : all flat on that trade
[12:48 pm] dan : 1/2 on my lost and at least
1% on my winning
[12:48 pm] joeytsa : you rocked that, but
even cooler was that you saw it coming and
beat it like a pinata
[12:48 pm] pow : Long TZA into close
[12:48 pm] ppann : it was a fun friday
[12:49 pm] candelas : hey Mitch, that figure
I mentioned I have been consistently doing
for a while, well this week I broke through
to 2.5X the amount on daily/weekly. Thx a
million
[12:49 pm] derns : Pow…that trade makes a
lot of sense to me, but I am still surprised
how strong the market has been…would you
consider swinging TZA over the weekend?
[12:49 pm] ppann : :))))
[12:50 pm] Brent : that’s awesome Candelas.
Great job man, solid
[12:50 pm] pandozzi : down for the day up
for the week
[12:50 pm] sonorant : yes, well done
candelas
[12:54 pm] mhaus : missed BRY
[12:55 pm] candelas : 6 min left
[12:56 pm] ppann : yah finally got that
short off on CL….87.33
[12:56 pm] rd : got to go. so glad i
switched to NT. So much easier to manage. I
will be watching Kris webinar again now that
i am set up. Have a great weekend to you
all
[12:56 pm] victor51 : Kris, what’s
significance on SPY triangle. Do you think it
will break out next week?
[12:57 pm] candelas : Obama reject invite by
our governor to tour quake town
[12:57 pm] mhaus : GS moving up
[12:57 pm] ppann : short
[12:57 pm] ppann : so far 6 contracts
[12:57 pm] ppann : want to see if i can grab
a couple in the 87.4
[12:58 pm] candelas : got the push was
looking for in aapl
[12:58 pm] joeytsa : have a great weekend
everyone
[12:58 pm] joeytsa : thank you Mitch,
Brent,Kris and traders
[12:58 pm] lightning : thanks TSA and
everyone. Off Monday, see you Tuesday
[12:58 pm] mhaus : I will also call it a
day. Talk to you all on Monday.
[12:58 pm] skydiver : Bye Mitch – and all —
see you all Monday
[12:59 pm] dmitry : thanks tsa and everyone
see u Monday
[01:00 pm] ppann : wonder if i should short
these 1220’s
[01:00 pm] qwert : good night everybody see
ya next week
[01:01 pm] pow : good week everyone
[01:01 pm] ppann : 200x paper sellers at
1220 on the ES
[01:01 pm] ppann : yup 10 cars at 1220.25
[01:01 pm] ppann : gonna grab more at
21.5
[01:02 pm] lisas : Have a great weekend
all!
[01:02 pm] ppann : short btw
[01:07 pm] ppann : gonna look for the 00’s
to convert into 3’s…1220 to 1216
[01:08 pm] ppann : if not 1225 to 1217…5
convert to 7’s……
[01:10 pm] ppann : Goldman Sachs pulls this
move for years and years now……i luv
spilling the beans…:)………at market top
or market bottom …
[01:11 pm] ppann : GS will do the opposite
on the most extreme number ie….market
top…he show he is buying….market
bottom..he show he is selling…
[01:13 pm] ppann : when in reality,at market
top he is blasting the ask selling all he
can…..market bottom buying up everything
coming his way……
[01:14 pm] ppann : normally the market will
move 10 handles on a norm vol day off that
trick
[01:15 pm] ppann : SB is selling 200 at
1220
[01:16 pm] ppann : they think down i
guess…haven’t even looked at any trend
charts today….after forex….homework
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