| (05:45 am) Mitch King:im not expecting much
bounce on this buy signal. we are in a
strong downtrend
(05:57 am) Mitch King:on this CL chart, i
wouldnt buy anything until you get that
purple dash line moving up. you may lose one
good trade that way but you avoid a bunch of
losing attempts to buy, usually.
(05:58 am) Mitch King:i would not short at
all. just wait is best
(05:58 am) Mitch King:so in this case, you
have to lose one good trade. the good thing
is we are flattening out in price, red line
moving up slightly, ever so slightly. if you
do try buying, make it 1 contract, minimum
amount
(05:59 am) Mitch King:just remember you will
have another chance at a buy signal after the
first one that moves up. i hope that makes
sense
(06:01 am) Mitch King:see that purple dash
line, pegged to bottom
(06:02 am) Mitch King:you guys all get my
email on homework assignment?
(06:13 am) Mitch’s Assist. :November 1, 2013,
Friday Pre Market Up: FSLR, AAPL, Pre
Market Down: ABX, AIG, NUGT, APAM, ELLI,
(06:30 am) Mitch King:monitoring IRDM
(06:31 am) Mitch King:watching EPL for top to
short
(06:31 am) Mitch King:trades in BRKR both
ways
(06:31 am) Mitch’s Assist. :watching ELLI
(06:32 am) Mitch King:TRMB strong, watching
for potential short
(06:32 am) Ed’s assistant :Monitoring FSLR
(06:33 am) Mitch King:watching SYNA for
bottom to buy
(06:34 am) Mitch King:watching CPT for bottom
to buy,
(06:35 am) Mitch King:watching SSNI for
bottom
(06:36 am) Mitch King:LMT also strong,
Lockheed Martin, both defense contractors,
trending up
(06:36 am) Mitch’s Assist. :monitoring DRC
(06:36 am) Mitch King:RTN strong, Raytheon
(06:36 am) Qwert :monitoring APAM
(06:36 am) Mitch King:watching OCN for bottom
for potential bounce
(06:37 am) Mitch King:watching SPR for top
(06:37 am) Mitch’s Assist. :Sorry BBG
(06:37 am) Mitch’s Assist. :monitoring BBC
(06:38 am) Mitch King:monitoring VRTX drop
(06:38 am) Mitch King:watchign VRX for
potential short
(06:39 am) Mitch King:no trades on CL yet,
new low just now
(06:39 am) Mitch’s Assist. :monitoring WCG
(06:40 am) Ed’s assistant :Monitoring GRPN
(06:40 am) Mitch’s Assist. :watching PNRA
(06:41 am) Mitch King:LO up with LMT RTN
(06:41 am) Mitch King:watching TRN
(06:42 am) Mitch King:watching WU for
potential short
(06:42 am) Mitch King:still monitoring IRDM
drop
(06:43 am) Mitch’s Assist. :watching TRN
(06:44 am) Mitch King:watching CVI for
bottom
(06:44 am) Mitch King:watching CTB for bottom
to buy
(06:45 am) Ed’s assistant :Minitoring LULU
(06:45 am) Mitch King:monitoring CLF uptrend
(06:45 am) Mitch’s Assist. :TSLA turning
over
(06:46 am) Mitch King:monitoring AMCX
(06:47 am) Mitch King:watching KORS for
bottom to buy
(06:48 am) Mitch King:watching NSM for
potential long entry
(06:49 am) Mitch King:watching SGY for
bottom
(06:49 am) Mitch’s Assist. :monitoring HAR
(06:49 am) Mitch King:big comeback on the
BRKR gap down, worth watching for trades
(06:50 am) Mitch King:monitoring KOG
(06:52 am) Mitch King:monitoring EA
(06:52 am) Ed :solars reasserting
(06:53 am) Ed :SPY new hod
(06:54 am) Mitch’s Assist. :monitoring FSLR
(06:59 am) Mitch King:bounces on CL should
get bigger through time
(07:00 am) Ed :*(US) OCT ISM MANUFACTURING:
56.4 V 55.0E; ISM PRICES PAID: 55.5 V 55.0E-
(07:01 am) Ed :stronger than expected #s
causing selling in /GC
(07:04 am) Mitch King:still monitoring EA
(07:04 am) Mitch King:monitoring CODE
(07:05 am) Mitch King:HAIN trending down,
monitoring
(07:13 am) Mitch King:UNTD moving up strong,
check news
(07:15 am) Ed :GPOR monitoring for potential
long, would like test @near55 level
(07:17 am) Mitch King:not full size position
(07:17 am) Mitch King:getting little better
behavior on CL on long side. started
nibbling after that buy signal
(07:18 am) Mitch King:good spot for nibbling
long CL
(07:18 am) Ed’s assistant :Monitoring OSIR
(07:18 am) Mitch King:good to buy on pullback
if not long, early signs of a trend change
(07:21 am) Mitch King:long CL 95.07
(07:22 am) Mitch King:needs to get above
95.20 for more confirmation of uptrend
started, still weak
(07:28 am) Ed :action in stocks seems lot
slower than yesterday
(07:30 am) Ed :(US) ECRI Weekly Index: 131.5
v 131.1 prior (revised from 131.1) –
Annualized growth rate: % v 2.0% prior
(revised from 2.0%)
(07:41 am) Mitch King:probably getting a move
higher on CL, more of a hunch
(07:46 am) Mitch King:long CL 95.15, looking
for bounce, not sure if will make new high
above prev high of 95.35
(07:53 am) Mitch King:LULU still a lemon
(07:59 am) Mitch King:stopped CL
(08:04 am) Ed :looks like found issue, Nasdaq
having issues in options market
(08:05 am) Ed :they have halted trading in
options, (nasdaq)
(08:07 am) Ed :NDAQ Nasdaq reportedly halts
trading at Nasdaq Options Market- Source
(08:09 am) Murano :watching MRC
(08:16 am) Ed :SPY new lod
(08:20 am) Mitch King:NQ spiking down
(08:25 am) Mitch King:new low on CL
(08:51 am) Mitch King:CL still very weak even
though slight move up
(08:54 am) Mitch King:NQ below 13 from 15.80
high today
(09:17 am) Murano :watching RIG
(09:38 am) Ed :(US) A terminal at LAX has
been evacuated as a result of reports of a
shooting
(09:52 am) Ed :sadly 3 dead in LAX shooting
(09:54 am) Murano :watching CCI approaching
74
(10:09 am) Ed :DDD just monitoring right now
(10:10 am) Ed :passing on DDD for now
(10:37 am) Ed :SPY trading in range
(10:41 am) Ed :SPY broke out of box range
(10:42 am) Ed :NQ Muddy Waters issued
additional cautious commentary-
(12:03 pm) Ed :Options market being closed
for nasdaq having affect on markets
(12:11 pm) Ed :TWC getting bid
(12:20 pm) Ed :TWC Charter said to be
considering a bid for the company before the
end of 2013 – financial press
(12:41 pm) Murano :watching MDVN
(12:55 pm) Mitch King:see you guys MOnday
(01:00 pm) Ed :have a great weekend traders
| (05:29 am) Qwert :gm elec, regatta
(05:29 am) regatta :gm qwert
(05:36 am) electrader :gm all
(05:48 am) taco :gm guys
(05:49 am) taco :elec, qwert, and whoever is
doing the homework, i’d love to share
findings with you
(05:52 am) electrader :Sounds great Taco
(05:52 am) electrader :I’ll really hit it
hard tonight and in the morning
(05:52 am) taco :what’s your email?
(05:52 am) electrader :what is your email?
(05:53 am) taco :[email protected]
(05:53 am) electrader :Lol. Great minds
thing alike
(05:53 am) electrader
:[email protected]
(05:54 am) taco :sent you a test email
(05:54 am) electrader :got it
(05:55 am) klas :Gm traders
(05:57 am) Ed :good morning all
(05:57 am) electrader :Mornin Mike
(05:59 am) taco :yes
(05:59 am) electrader :Makes good sense
(06:00 am) electrader :dont wanna start with
losing trade
(06:01 am) Murano :good morning
(06:01 am) electrader :yes
(06:02 am) taco :yes
(06:02 am) Qwert :yep
(06:02 am) bill1 :yes, looking forward to
the exercise
(06:05 am) electrader :yes
(06:11 am) rd :GM to all
(06:19 am) Mitch King:you guys see why the
purple dash line is important now?
(06:19 am) taco :yes
(06:19 am) bill1 :yes
(06:19 am) Mitch King:keeps you out of bad
trades, would have saved you lot of money
(06:19 am) Qwert :yep
(06:20 am) Mitch King:ive seen it last for 2
hours
(06:20 am) Mitch King:before
(06:20 am) Mitch King:its one thing to tell
you earlier this week but in real-time, great
lesson
(06:21 am) skydiver :good lesson Mitch –
thnx — and good morning all
(06:23 am) skydiver :TSLA moved up
pre-market just a few moments ago
(06:25 am) skydiver :Yes, and got the
homework email . . .will work on it
(06:26 am) Mitch King:not everyday will be
like yesterday for THunder but we will make
some money by day’s end, probably not as
much. yesterday was exceptionally good for
Thunder, those big oscillations, just
outstanding
(06:26 am) Mitch King:but you dont have to
have 90 tick oscillations, lots of 50 tick
moves
(06:27 am) skydiver :news from fly on the
wall audio — Tesla gaining significant
traction in Europe
(06:27 am) skydiver :good to know Mitch
(06:27 am) skydiver :thanks
(06:32 am) skydiver :taking 3/4 off table on
TSLA long
(06:37 am) skydiver :all out of TSLA long –
(06:39 am) skydiver :should have kept last
1/4 long on table for TSLA –
(06:43 am) skydiver :ipo – TCS – opening
arouind $30 – $34 price range
(06:46 am) skydiver :KORS – was monitoring,
but had eyes off of it toooo long for the
short
(06:49 am) skydiver :ipo – TCS – should open
soon
(06:50 am) Qwert :anyone else having issuews
with esignal?
(06:50 am) skydiver :mine working ok qwert
(06:50 am) Ed :mine is fine so far
(06:51 am) Qwert :im only getting data for
the last 6-7 mins on my daily and time and
sales?
(06:53 am) skydiver :ipo – TCS – open
(06:54 am) skydiver :KORS – head fake –
further drop
(06:59 am) skydiver :ipo – TCS was priced at
$18 before open and moved up to $34 before
opening — looks strong
(07:00 am) skydiver :a report coming out
(07:00 am) taco :/GC drop
(07:00 am) skydiver :thnx Ed
(07:01 am) skydiver :GM sales up
(07:01 am) taco :thx ed
(07:05 am) Mitch King:whats joey up to today?
wasnt he going to an NFL game?
(07:06 am) Qwert :was wondering where he was
(07:06 am) skydiver :I was wondering as
well
(07:15 am) skydiver :UNTD – successfully
completed the separation of FTD
(07:17 am) taco :same mitch
(07:23 am) Qwert :are you full position now
mitch?
(07:23 am) Mitch King:yes dave
(07:23 am) Qwert :thx
(07:23 am) Mitch King:looking weak though on
this little bounce, not making that 95.20
(07:25 am) Mitch King:don’t wait for me to
make any decisions, if it is weak and you
need to protect any profits or if support is
broken below 95 then you make normal
decisions
(07:26 am) Qwert :i closed for small profit
just watching
(07:28 am) skydiver :agreed Ed
(07:29 am) Mitch King:yeah i did too qwert,
not acting bullish yet
(07:30 am) Mitch King:it should have followed
through for move toward 95.20 by now so took
a few ticks
(07:30 am) Qwert :figured better to wait for
trend change then get in on pullback
(07:30 am) Mitch King:right, still use common
sense trading, best practices even with
system
(07:30 am) skydiver :thnx Ed – and thnks for
sharing thinking qwert and Mitch on /CL
strategy
(07:30 am) Mitch King:ok thats the move i was
looking for
(07:31 am) Qwert :so now you start nibbling
mitch?
(07:31 am) Mitch King:its ok to not be the
hero on first rebound after a big long
downtrend that started last night
(07:31 am) skydiver :I’m still in theCL
trade long for awhile – but virtual at this
time
(07:32 am) Mitch King:turning out good, id
say trend change here in CL
(07:33 am) Mitch King:got dots on red line,
(07:34 am) Mitch King:you want to look for a
pullback to buy long into
(07:35 am) taco :might be some people
wanting to sell who bought too soon for some
time
(07:36 am) Mitch King:right, the first
rebound usually gets some selling but a good
trend change to the long side should not have
a pullback lower than 95.05 area, which i
would consider support
(07:36 am) taco :ok thx
(07:36 am) Mitch King:95.15 area good long
entry nibble area
(07:37 am) Mitch King:not selling short at
all, thats low odds play here
(07:37 am) klas :purple lin is still flat
(07:38 am) Mitch King:doesnt bother me i sold
the 95.07 for 3 tick profit; always thinking
of setting myself up for next good trade
(07:38 am) Mitch King:right klas
(07:39 am) skydiver :good to know Mitch — I
came in too early I think on my CL long but
did end up getting 12 ticks to the good –
again virtual
(07:39 am) klas :mitch what are the dots
telling you?
(07:39 am) Mitch King:tells me to ignore sell
signals
(07:40 am) Mitch King:and uptrend could be
fairly strong
(07:40 am) klas :volume strength
(07:40 am) Mitch King:the purple line is only
half way up the scale so not strong uptren
dyet
(07:41 am) electrader :Strange. My purple
dotted line is still flat on bottom
(07:42 am) taco :same elec
(07:42 am) taco :im 5R
(07:42 am) Mitch King:ok i am looking at a
diff charge, testing different settings
(07:42 am) electrader :yep 5R
(07:42 am) Mitch King:chart
(07:43 am) skydiver :thnx Mitch — I was
wondering as well 🙂
(07:43 am) Mitch King:yeah, weak so far, any
news weighing us down on market?
(07:47 am) Ed :dont see any
(07:55 am) Murano :watching for top on QIHU
strong so far
(08:02 am) skydiver :Be back about an hour
— thanks for awesome teaching
(08:02 am) Murano :covered 3/4 QIHU
(08:04 am) Murano :stop at 87.90 on last 1/4
looking for 86.90
(08:06 am) Murano :stopped last 1/4 QIHU
(08:07 am) rd :nasdaq is not building a
great reputation latley
(08:08 am) Ed :nope
(08:10 am) Murano :had my stop to tight on
QIHU
(08:12 am) Murano :looking for MRC to
continue uptrend
(08:17 am) Murano :out 3/4 MRC
(08:19 am) Mitch King:oh thats where Joey is,
he is at the Breeder’s Cup today
(08:19 am) Mitch King:for sure
(08:20 am) Murano :out last 1/4 MRC
(08:26 am) Murano :it would appear I am to
cautious today, set my stop on last 1/4 of
QIHU to tight and got out of MRC way to
soon.
(08:26 am) Ed :it happens
(08:27 am) Murano :someone said you never go
wrong taking a profit, was that you Ed?
(08:27 am) Ed :I quoted someone from 200
years ago
(08:28 am) Murano :haha
(08:32 am) Murano :LULU trying to move up
(08:39 am) taco :did you trade GPOR ed?
(08:39 am) Ed :no
(08:39 am) taco :wanted lower eh?
(08:39 am) Ed :wanter lower, still had nice
setup though
(08:40 am) taco :ya
(08:43 am) Ed :if market had faster pace I
may have taken setup on it without it going
to 55, if r/r made sense
(08:43 am) taco :makes sense, anything
you’re watching? 4 horsemen or otherwise
(08:44 am) Ed :not right now, just waiting
for another mover like NQ
(08:44 am) taco :or ghostbusters?
(08:44 am) Ed :lol
(08:44 am) Ed :oh yeah, flipping today, was
watching NSI
(08:45 am) Ed :i meanrt CSI
(08:45 am) taco :tsla
(08:45 am) taco :sorry
(08:59 am) JoeyTSA :Good morning, finally got
here 🙂
(09:00 am) Qwert :hey joey
(09:00 am) taco :hey joey
(09:00 am) JoeyTSA ::)
(09:00 am) electrader :hey Joey.
(09:00 am) Murano :good morning Joey, the
room has been quiet without youj
(09:00 am) JoeyTSA :i cant see the early part
of the chat
(09:01 am) JoeyTSA :some nice moves so far
though, FSLR,HAR,VRX were nice earlier
(09:02 am) electrader :possible trend change
in CL
(09:02 am) skydiver :okay . . back again . .
hey joey . . good morning
(09:02 am) Murano :MRC should get to 30 on
this push up
(09:03 am) JoeyTSA :hey sky
(09:03 am) skydiver :don’t forget to move
your clocks back one hour to those states
that do daylight savings time 🙂
(09:03 am) JoeyTSA :thx, i like that extra
hour
(09:03 am) electrader :thanks Sky
(09:04 am) skydiver ::)
(09:04 am) skydiver :okay — ready to trade
— let’s see . . looks like an exciting
market 🙂
(09:05 am) electrader :yea was hoping now
that Joey’s here he can get the market
moving
(09:05 am) JoeyTSA :rough night for me last
night, will trade cautiously
(09:05 am) Qwert :Mitch we finally got a
litle movement on the purple line on 5r chart
but still flat on the 1 min
(09:06 am) Qwert :u okay joey?
(09:06 am) JoeyTSA :yeah now haha
(09:06 am) JoeyTSA :wife bought us a
halloween treat…
(09:06 am) Murano :out 3/4 MRC will trail
last 1/4 with .20
(09:06 am) JoeyTSA :unfortunately my stomach
cant handly raw almond butter..was up all
night
(09:07 am) Qwert :need to start eating more
of that processed food to fix that :))
(09:07 am) skydiver :no fun joey
(09:07 am) Murano :lunch time back in 20
(09:07 am) JoeyTSA :haha, my stomach was on
fire all night, so i slept in until 6:30
(09:07 am) JoeyTSA :enjoy murano
(09:08 am) JoeyTSA :eye on 1747 area on /ES
for next possible leg down
(09:14 am) taco :thought you had crazy night
with costumes your wife bought you, too bad
(09:14 am) JoeyTSA :haha
(09:19 am) JoeyTSA :eye on FSLR again
(09:19 am) JoeyTSA :nothing excited, watching
$59
(09:21 am) JoeyTSA :did anyone catch QIHU
earlier?
(09:21 am) JoeyTSA :hate when i cant see the
chat from the beginning
(09:22 am) taco :ill send it to you in
facbook
(09:22 am) taco :if u want
(09:22 am) taco :or email
(09:22 am) JoeyTSA :thats ok, i can read it
in the dsr this weekend
(09:22 am) JoeyTSA :thanks though
(09:22 am) taco :ok
(09:23 am) Murano :RIG replaced DELL in the
S&P 500
(09:23 am) JoeyTSA :this chat only goes back
to 7:38pdt for me, mod only to 7:05
(09:24 am) taco :it happens to me too when i
log out and back in
(09:27 am) skydiver :joey – I’ll copy and
paste the chat if you like and email it to
you –
(09:27 am) JoeyTSA :no thats ok sky, thanks
though
(09:27 am) JoeyTSA :wont help me make any
money h aha
(09:27 am) skydiver :ok . . .wasn’t sure if
that was permissible or not either 🙂
(09:28 am) taco :sky, mitch told us to copy
it for our notes yesterday as well
(09:28 am) skydiver :ok . . . good to know
(09:28 am) taco :he’s a decent guy 😉
(09:28 am) JoeyTSA :always good to copy
lessons and save them
(09:29 am) Murano :JCP over 8.00
(09:29 am) JoeyTSA :so only 6 people signed
up for 0care ??
(09:29 am) skydiver :one died before they
were able to complete the application joey
(09:30 am) skydiver :so only 5 officially
(09:30 am) JoeyTSA :serious?
(09:30 am) skydiver :kidding 😉
(09:30 am) JoeyTSA :haha
(09:30 am) JoeyTSA :cant get a website
running but want to run nationwide
healthcare, ok
(09:31 am) taco :/GC caught some steam
(09:31 am) skydiver :yes joey . . don’t get
me started 🙂
(09:32 am) JoeyTSA :nice bounce taco, no
kidding sky
(09:32 am) skydiver :I just shake my head
(09:35 am) skydiver :what is oil up too CL
?
(09:36 am) skydiver :trying to move up??
(09:36 am) JoeyTSA :see if it holds $95 here
(09:39 am) skydiver :I went long on /CL to
early, but so far in the green
(09:39 am) skydiver :virtual still
(09:40 am) JoeyTSA :thx Ed
(09:41 am) skydiver :only made 6 ticks on
that last virtual trade in /CL — traded in
the white no no zone
(09:42 am) JoeyTSA :$60/contract 🙂
(09:42 am) skydiver :got to remember that
(09:42 am) JoeyTSA :gotta work 2 hours @
$30/hour to make that
(09:42 am) skydiver :good point joey
(09:42 am) JoeyTSA :i dont know many people
making $30/hour
(09:42 am) skydiver :true
(09:43 am) skydiver :thanks for keeping me
in perspective 🙂
(09:43 am) JoeyTSA :from home haha
(09:43 am) skydiver ::)
(09:44 am) skydiver :I’m up real money
$684.00 and virtual up $180.00, so will be
nice when I get oil futures down
(09:44 am) skydiver :slower day
(09:44 am) JoeyTSA :great job
(09:45 am) skydiver :keepiong that goal out
there to make $4,000 per day some day, but
plodding along learning and being careful
(09:46 am) JoeyTSA :great goal
(09:46 am) skydiver ::) . . . sterady as she
goes 🙂
(09:46 am) Ed :make sure to start with goal
thats attainable then gradually increase
(09:46 am) skydiver :agreed Ed — right now
goal . . stay green 🙂
(09:47 am) Ed :when ur consistent, u can
increase shares/contracts gradually and ur
money will grow geometrically
(09:47 am) skydiver :good point Ed . . I
stll need work
(09:47 am) Ed :shares/contract is if trading
shares or contracts
(09:47 am) JoeyTSA :great advice
(09:47 am) skydiver :ok
(09:47 am) skydiver :good lesson
(09:48 am) skydiver :I only trade about 400
shares at a time in stocks – depending on
price of stock
(09:48 am) JoeyTSA :nothign wrong with that
sky
(09:48 am) Ed :ok. great
(09:49 am) skydiver :trying to stay in a
comfortable zone for me
(09:49 am) JoeyTSA :i adjust shares during
time of day also
(09:49 am) JoeyTSA :or if stop has to be
wider
(09:49 am) skydiver :okay — thought I heard
you say that once joey . . stop wider as
well? ok . . gotcha
(09:50 am) JoeyTSA :slower time of day, or if
my r/r calls for wider stop
(09:50 am) skydiver :gotcha
(09:50 am) JoeyTSA :nothign set in stone,
kind of based on instinct at times
(09:50 am) skydiver :being flexible
(09:51 am) JoeyTSA :yeah
(09:51 am) skydiver :Learning to assume
nothing . . Ed did a great job at the
seminar
(09:51 am) JoeyTSA :great phrase
(09:51 am) Ed :thx sky,means alot the
feedback
(09:52 am) skydiver :well, I’ll give you a
10 out of a 10 possible score . . your
teaching helped a lot . . will keep family of
the 3 dead in our prayers
(09:53 am) Ed :had great audience
(09:54 am) skydiver :great group of people .
. . smaller crowd was nice for us who came
(09:55 am) JoeyTSA :no pics on facebook yet
(09:56 am) skydiver :sorry joey … I got so
caught up in teaching etc. forgot to take
picts!!!! anyone else get some?
(09:56 am) taco :i took two of charts lol
(09:56 am) JoeyTSA :thats ok 🙂
(09:56 am) skydiver :same here taco
(09:56 am) taco :mrs King took a bunch
(09:56 am) taco :think she got sky me n
qwert in one
(09:57 am) skydiver :that’s right and had a
video guy there as well for TSA
(09:57 am) taco :told us to smile like we
were having fun
(09:57 am) skydiver :had an ending gathering
to take picture of all of us
(09:57 am) JoeyTSA :photographer said same
thing to me at my wedding 🙂
(09:57 am) taco :haha
(09:57 am) skydiver :lol!
(09:58 am) JoeyTSA :good thing i didnt go,
might have been laughing too much 🙂
(09:58 am) skydiver :true
(09:58 am) skydiver ::)
(09:58 am) skydiver :watching Murano’s call
on CCI closer
(09:59 am) skydiver :finger hovering over
the mouse clicker
(09:59 am) JoeyTSA :BIDU lod
(09:59 am) JoeyTSA :AMZN trying to hold lod
(10:01 am) Murano :sky, I expect it t lose 74
and fall CCI
(10:02 am) skydiver :all out of CCI long
(10:02 am) skydiver :what Murano — – whew
, glad I got ouit 🙂
(10:02 am) Qwert :i didnt take it either was
worried about the volume
(10:03 am) Ed :there is some for all types of
traders
(10:03 am) skydiver :thanks qwert — forgot
to look at volume again!!!
(10:03 am) Qwert :nice sky
(10:03 am) Murano :didn’t have enough volume
for me to go long
(10:03 am) Ed :all about risk/reward
(10:03 am) skydiver :not a smart trade on my
part . . lucky it worked out . .
(10:03 am) Qwert :was certainly small risk
(10:03 am) skydiver :got to break my micro
trade habit 🙂
(10:03 am) Qwert :probably less than 10 cents
risk
(10:04 am) JoeyTSA :i probably would have
used 20c, only because my price lines were
20c
(10:04 am) JoeyTSA :1st target would have
been 2:1
(10:04 am) Qwert :what do you mean price
lines?
(10:05 am) JoeyTSA :scaling
(10:05 am) Qwert :oh okay thx
(10:05 am) JoeyTSA :on LS its 20c, on TS its
10c
(10:05 am) skydiver :ok, so looking at the
daily on CCI – looks like more pressure on
downward – hard to read it for me
(10:05 am) Qwert :yeah i have 10 cents on
esignal
(10:06 am) JoeyTSA :i just use whatever i see
on the chart at the moment im looking at it
(10:06 am) JoeyTSA :hate when it switches
though
(10:06 am) Qwert :gotcha
(10:06 am) Ed :.10 cents for .30 cents not to
shabby though
(10:06 am) Qwert :sky what entry did u take
(10:07 am) JoeyTSA :and LS has a pp right
near 74.40, so a good dbl target for me
(10:07 am) JoeyTSA :3:1 Ed, no prob with
that
(10:07 am) Qwert :i have pivot at .46 on
esignal
(10:07 am) skydiver :qwert – right at 10:00
pacific
(10:07 am) Ed :yea not sure why sky said was
“not so smart” trade
(10:07 am) skydiver :was using 30 second
chart
(10:08 am) Qwert :nice sky
(10:08 am) JoeyTSA :lightspeed calculates
differently
(10:08 am) skydiver :well. risk reward ratio
Ed
(10:08 am) Ed :ok
(10:08 am) skydiver :plus, should have come
in a hair later for chart to let me know it
was moving right direction
(10:09 am) JoeyTSA :3:1 means that at crappy
25% hit rate, you still break even
(10:09 am) skydiver :using the 30s time
frame
(10:09 am) JoeyTSA :AAPL lod
(10:13 am) skydiver :ok — forgot to look at
CL for awhile — in the pink zone for now
(10:17 am) Ed :is gum here?
(10:17 am) skydiver :don’t see him Ed
(10:17 am) Ed :ok
(10:18 am) JoeyTSA :that CCI long worked..
(10:18 am) Qwert :hes logged in
(10:18 am) skydiver :oh wait -= I do see
his name as checked in . . but haven’t seen
him
(10:18 am) Ed :he may be sleep though
(10:18 am) JoeyTSA :ran right to that 74.40
level, pulled back a bit then up to 74.50
(10:18 am) skydiver :I see that Joey . . .
interesting
(10:18 am) skydiver :volume is still very
low on CCI
(10:19 am) JoeyTSA :yeah, had i done this
trade it would have been probably 200 shares,
300 max
(10:19 am) Murano :CCI does not wish to
cooperate with my plan to short
(10:20 am) skydiver :a very rebellious stock
Murano 🙂
(10:20 am) Murano :haha
(10:22 am) skydiver :going to brew a cup of
coffee to keep me awake 🙂
(10:22 am) JoeyTSA :enjoy, heading to lunch
, see you all in 30
(10:23 am) Murano :see you Joey
(10:39 am) Qwert :CCI still going
(10:40 am) skydiver :FSLR = news –
financials report was off – instead of
positive 37 cents, was actually negative 10
cents –reason for sell off
(10:40 am) Murano :sky had the right idea on
CCI
(10:40 am) Ed :thx sky
(10:40 am) skydiver ::)
(10:43 am) skydiver :thnx Ed
(10:58 am) JoeyTSA :really nice run on CCI
(10:59 am) Ed :yea thought it was nice
setup,
(10:59 am) Ed :risk/reward was nice also
(10:59 am) JoeyTSA :really good, even with a
wider stop
(11:05 am) JoeyTSA :FSLR back to $59, nice
move up there
(11:20 am) bill1 :CL Slaughtered my SIM
account today. Off line and back to the books
for me.
(11:21 am) electrader :good day to have gone
fishin bill1
(11:21 am) bill1 :yup
(11:22 am) bill1 :Nothing a break won’t fix.
(I think)
(11:22 am) taco :at least it was sim
(11:23 am) JoeyTSA :some days things happen
like that
(11:23 am) JoeyTSA :/CL been basically flat
past 2.5 hours
(11:23 am) JoeyTSA :been in a 50c range
(11:24 am) taco :i thought oil would be
above $100 for the rest of my life
(11:24 am) taco :goes to show hunhces dont
help
(11:25 am) JoeyTSA :last week on cnbc, some
guy said $50 oil was possible
(11:25 am) bill1 :goodbye canadian oilsands
if that happens
(11:26 am) taco :its not exactly a pretty
operation there
(11:26 am) taco :very bad for environment
(11:26 am) JoeyTSA :i dont know enough about
the oil biz
(11:27 am) taco :my wife tests the water
from surrounding area
(11:27 am) taco :how it affects wildlife
(11:27 am) JoeyTSA :hope she doesnt make your
morning coffee with the test results 🙂
(11:27 am) taco :grew extra arm last wk
(11:27 am) taco :for vaccuming she said
(11:27 am) JoeyTSA :no wonder why you can
build a deck so fast 🙂
(11:27 am) Qwert :hahaha
(11:28 am) taco :lol
(11:28 am) JoeyTSA :you guys do good work,
went to your site yesterday
(11:28 am) taco :oh ya, thanks
(11:28 am) taco :but you cant see it up
close from the pics, that’s the cincher
(11:29 am) taco :haha
(11:29 am) JoeyTSA :was going to call and put
a phony order in on Ed’s mobile home 🙂
(11:29 am) Ed :lol
(11:29 am) taco :i do trade with ed, he
trades w my acct while i build
(11:29 am) taco :it’ll take alll summer
(11:29 am) JoeyTSA ::)
(11:30 am) Ed :nothing like horse trading
(11:30 am) JoeyTSA :not trading it, but PDCE
has made some ok moves past couple days
(11:30 am) JoeyTSA :yeah, horse “trading”
starts in 2 hours for me $$
(11:31 am) JoeyTSA :1st BC race is 1:45pdt
(11:44 am) regatta :PBR moving
(11:54 am) Qwert :Gonna go take my honey to
lunch you guys enjoy your weekend cya all on
Monday much studying to do
(11:54 am) skydiver :have a great week-end
Qwert
(11:54 am) Ed :have great weekend qwert
(11:54 am) taco :cya qwert havea good one
(11:56 am) Murano :see you Qwert
(11:58 am) JoeyTSA :bye qwert
(12:08 pm) skydiver :Okay, have to go —
have a fundraiser banquet I need to start
helping with for tonight. . . see you all
Monday
(12:09 pm) taco :cya sky nice trading today
(12:09 pm) Ed :c ya sky
(12:09 pm) Murano :see you sky
(12:09 pm) skydiver :thanks taco — 🙂 see
ya all
(12:11 pm) JoeyTSA :bye sky
(12:17 pm) JoeyTSA :im out too
(12:17 pm) JoeyTSA :THanks
Mitch,Ed,Diosna,Murano, everyone
(12:17 pm) JoeyTSA :have a great weekend, see
you all monday
(12:17 pm) Ed :c ya joey
(12:17 pm) taco :cya joey
(12:19 pm) Murano :see you Joey
(12:20 pm) Mitch King:that was one big
downtrend today in CL 2.5 hours
(12:20 pm) Mitch King:on first downtrend,
then a couple more
(12:21 pm) taco :sure was
(12:22 pm) bill1 :I got mentally stuck on
5range chart and kept trying to go long.
After looking at 5min and 15min I realize now
that was totally the wrong thing to do. I
forgot to look at the big picture. OOPS!!
(12:24 pm) Ed :ur a quick learner bill1,
thats the good part
(12:25 pm) bill1 :Thanks Ed I wish I was a
tad quicker though. LOL
(12:25 pm) taco :right ed, kids have no
restrictions on their learning speed
(12:25 pm) taco :and they learn fast
(12:25 pm) bill1 :Gotta run guys. Lots of
homework this weekend. Don’t give up on me.
🙂
(12:25 pm) Ed :have great weekend bill
(12:25 pm) taco :see ya bill
(12:26 pm) Murano :see you bill
(12:32 pm) taco :im reading a good book joey
recommended and it talks about how children
learn so well because they don’t mind
mistakes and failures.
(12:32 pm) taco :its all part of learning
but as adults we get upset and have deadlines
etc
(12:32 pm) taco :causes frustrations
(12:33 pm) taco :i need to remember that
every day
(12:41 pm) Ed :very true taco
(12:51 pm) Murano :short MDVN from .82
tight stop
(12:54 pm) Murano :coveed all MDVN
(12:55 pm) Murano :done for the day, everyone
have a good weekend, see you Monday
(12:55 pm) taco :cya murano youtoo
(12:55 pm) Ed :c ya murano
(12:56 pm) klas :Laterevery one till next
week
(12:56 pm) Mitch King:bye klas
(12:56 pm) taco :thanks everyone see ya
monday
(12:57 pm) taco :Mitch for the 3 lines
turning up or down – assignment 1, does it
matter if they are meandering in the middle
or should it be from them being at the top or
bottom mainly?
(12:58 pm) taco :i’ve been tracking them
from above 80% and below 20%
(12:59 pm) taco :some good moves come from
the meandering too and have noted that but
just wondering what your idea was mainly
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