| (05:23 am) JoeyTSA :Good morning,
Unemployment claims and advanced gdp# up in
7min
(05:39 am) JoeyTSA :early gap up:
SSYS,SFUN,AWAY,CLDX,LPSN
(05:40 am) JoeyTSA :early gap down:
WFM,TSLA,SCTY,QCOM,INWK?
(06:10 am) JoeyTSA :eye on GERN
(06:17 am) Mitch’s Assist. :November 7, 2013,
Thursday
Pre Market Up:
CLDX, TREE, AEO, AMZN, BIDU, SSYS, GERN,
NURO, TGT, IBM, MSFT, Pre Market Down: NUGT,
GLD, SCTY, QCOM, IART, NSM, NVS, TTPH, HPT,
WFM, WEN, AWI, MRC, TSLA,BIOS, FET, AAPL,
FB, CHTR,
(06:25 am) JoeyTSA :tighten GERN if long near
$8
(06:31 am) Mitch King:watching GERN for top
to short
(06:31 am) Mitch King:watching AWAY for
trades, short first
(06:32 am) Mitch King:watching CSUN for
trades,
(06:32 am) JoeyTSA :CLDX moving up
(06:32 am) Mitch King:TWTR indicating $35
(06:32 am) JoeyTSA :eye on ACAD
(06:32 am) Mitch King:watching NPSP for top
(06:32 am) Mitch King:watching SCTY for
bottom to buy
(06:33 am) Mitch King:watching EVC for
bottom
(06:33 am) JoeyTSA :SLCA for potential
bottom
(06:33 am) Mitch King:watchign TOL for top
(06:33 am) Mitch King:solar stocks dumped
today, FSLR should be strongest bouncer
(06:33 am) Mitch King:watchi9ng FSLR for
bottom
(06:34 am) Mitch King:watching FLO for
trades
(06:34 am) Mitch’s Assist. :watching ROK
(06:34 am) JoeyTSA :eye on NSM also
(06:35 am) Mitch’s Assist. :monitoring TOL
(06:35 am) Mitch King:monitorign TAP for
downtrend
(06:35 am) Mitch King:watching SINA for
trades, no hurry
(06:35 am) Mitch’s Assist. :monitoring ROSE
(06:37 am) Mitch’s Assist. :monitoring CELG
(06:37 am) Mitch King:CTL dropping, watch for
potential bottom, take lot of time on this
(06:38 am) Ed :ROSE monitoring for potential
long
(06:38 am) Mitch’s Assist. :monitoring MLM
(06:38 am) Mitch King:monitoring BR
(06:38 am) JoeyTSA :tigthen SSYS if long
(06:39 am) Mitch’s Assist. :monitoring LGF
(06:39 am) Mitch King:sorry
(06:39 am) Mitch King:eog
(06:39 am) Ed :on ROSE would like test @near
54ish level
(06:42 am) Mitch’s Assist. :monitor PRU for
trending up
(06:42 am) Mitch King:CL getting higher high
(06:42 am) Mitch King:watching CXO for
bounce
(06:43 am) Mitch King:watchign TSLA for
bounce
(06:44 am) Mitch King:wathcing PXD for
bottom, take time
(06:44 am) Mitch King:watching PHH for short
on top of bounce, take lots of time
(06:45 am) Mitch King:watching JOE for top to
short
(06:46 am) Ed :ROSE still trying to setup
(06:46 am) Mitch King:watching TWTC, TW
Telecomm for bottom. needs higher vol and
accelerated drop before interested
(06:47 am) Ed :this will flush out more
sellers
(06:47 am) Ed :I would like another leg down
on ROSE
(06:49 am) JoeyTSA :tighten NSM if long
(06:49 am) Ed :buyers are trying to hold this
level on ROSE, but i will wait
(06:49 am) JoeyTSA :ACN strong so far
(06:50 am) Mitch’s Assist. :monitoring NSM
(06:50 am) Mitch King:the highest probability
setup for an ipo is to let it drop multi
points in consecutive fashion, preferably at
higher volume. you want that FIRST BIG DROP
for a potential long
(06:51 am) JoeyTSA :indice sell off
(06:52 am) JoeyTSA :eye on SFUN
(06:52 am) Ed :only fluid info is that Draghi
is speaking this am
(06:52 am) Ed’s assistant :Monitoring DATA
(06:52 am) Ed :Any longs you want to time
with bounce in SPY
(06:53 am) Mitch King:looking for bounce in
CL, probably 20-25 ticks
(06:55 am) Ed :i will wait for retest of lod
area
(06:55 am) Ed :on ROSE, I passed eventhough
setup was there, did not like r/r
(06:56 am) JoeyTSA :tighten SFUN if short
(06:56 am) JoeyTSA :eye on SSYS breakout
potential
(06:57 am) Ed :let me explain, r/r was fine,
but had more to do with just 1 large bearish
engulfin pattern on ROSE
(06:59 am) Ed :nice call Diosna on DATA
(07:00 am) Ed :SPY still weak
(07:01 am) Ed :when SPY is weak, i pause on
reversals for long, unless stock has EXTREME
SELLING
(07:03 am) JoeyTSA :eye on Z
(07:09 am) Ed :SPY new lod
(07:10 am) Ed :also, last point reason I like
having SPY bounce along with trying to play
reversal (especially if not extreme selling),
is that its like having wind at your back
(07:11 am) Ed :Speaking of reversals to play
long since thats what we have been speaking
on. But can apply same strategy for reversals
for short
(07:13 am) Ed :MW getting some chatter
(07:14 am) Ed :MW CNBC’s Faber: Activist
investor to push sale process along –
(07:15 am) JoeyTSA :watching SOHU
(07:18 am) Ed :I heard this last night
listening to Mark Douglas,” YOUR PAPERTRADING
ACCOUNT/SIM ACCT SHOWS WHERE YOU COULD BE IF
YOU TRADED LIVE WITH CAREFREE, OPEN-MINDED,
FLEXIBLE MINDSET”
(07:19 am) Ed :SPY new lod
(07:21 am) Ed :US) Preview: Weekly EIA
Natural Gas Inventories expected at 10:30 ET
(14:30 GMT)
(07:21 am) Ed :SPY new lod
(07:24 am) Ed’s assistant :Monitoring CLMT
(07:24 am) JoeyTSA :eye on CLMT
(07:30 am) Ed :*(US) WEEKLY EIA NATURAL GAS
INVENTORIES: +35 BCF VS. +34-38 BCF EXPECTED
RANGE
(07:33 am) Ed :SPY approaching lows
(07:34 am) Ed :selling picking up
(07:34 am) Ed :nice short call on CELG
(07:35 am) Ed :news has just gotten out
though to more outlets
(07:35 am) Ed :reported fire this am TSLA
vehicle
(07:49 am) Mitch King:regarding the TWTR ipo,
i wouldnt buy near the opening, dont get
suckered into it long even if it goes up, you
want to let it drop a lot
(07:49 am) Ed :TWTR open
(07:49 am) Mitch King:consider covering GERN
if short
(07:57 am) Mitch King:82% premium
(07:57 am) Mitch King:neve rmind 82%
(07:57 am) Mitch King:i would think about a
95% chance any allocation fund managers got
on TWTR will start selling sometime today,
especially with 75% premium over the ipo
price
(08:08 am) JoeyTSA :TWTR open book delays per
lightspeed
(08:09 am) Ed :SPY new lod
(08:14 am) Mitch King:microtrade long on TWTR
here
(08:15 am) Mitch King:needs more selling
(08:15 am) Mitch King:cancel that
(08:20 am) Ed :SPY new lod
(08:37 am) Ed :HNT had some news earlier
(08:45 am) Ed :TWTR Hearing Pivotal Research
downgrades to Sell from Buy, price target $30
(timing uncertain-
(08:55 am) Murano :watching HMA
(08:59 am) JoeyTSA :eye on NQ
(09:05 am) JoeyTSA :/ES testing 1760
(09:26 am) Qwert :monitoring RIG
(10:15 am) Mitch’s Assist. :looking for small
bounce in CL and then a short on top of that
bounce
(10:22 am) Ed :SWI starting to monitor
(10:23 am) Ed :would like tad more selling,
will not take it in htis area here
(10:23 am) Ed :will be monitoring for
potential long on SWI
(10:48 am) Ed :SPY new lod
(11:01 am) JoeyTSA :CTB vol spike
(11:02 am) Ed :lower lows on SPY
(11:08 am) Ed :Market Internals update at
14:00ET – NYSE volume 460M shares, about 36%
above its three-month average; decliners lead
advancers by 2.9:1. – NASDAQ volume 1.43B
shares, about 38% above its three-month
average; decliners lead advancers by 2.6:1.
– VIX index +6.8% at just over 13.00 – Note:
Twitter IPOed today on the NYSE
(11:09 am) Ed :if u took SWI long would
reduce in here
(11:31 am) JoeyTSA :/ES to test S3
(11:44 am) Ed :(US) Preview: Sept Consumer
Credit due out at 15:00ET (20:00 GMT) –
Consensus expectation: $12.0Be v $13.6B
prior
(12:00 pm) Ed :*(US) SEPT CONSUMER CREDIT:
$13.74B V $12.0BE
(12:02 pm) Mitch King:Reminder: for those
Portland workshop attendees, we have a review
at 130pm pacific time. We are going to
review any questions you have but most
interested in looking at any homework you
guys did
(12:29 pm) Ed :SPY new lod
(12:57 pm) Ed :have great eve
| (05:23 am) JoeyTSA :also nat gas @ 7:30pdt,
consumer credit 12pdt
(05:24 am) Qwert :good morning you been
watching /GC
(05:24 am) JoeyTSA :no, was into /CL though
(05:24 am) JoeyTSA :i see /GC been wild
though
(05:25 am) Qwert :look at the /GC chart when
they announced the rate cut went wild
(05:25 am) JoeyTSA :i see, about $9 in a
couple minutes
(05:25 am) JoeyTSA :who cut rates, EUR?
(05:26 am) Qwert :yeah i just watched it yes
eur cut rates by .25
(05:26 am) JoeyTSA :looks like they went from
.50 to .25
(05:27 am) JoeyTSA :hard to catch those,
looks like there were 2 big reactions
(05:28 am) JoeyTSA :/GC can be a bit volatile
for my liking
(05:28 am) Qwert :yeah so fast
(05:29 am) JoeyTSA :/ES popped too
(05:30 am) JoeyTSA :im watching /GC price on
the dom, looks like someone on crack haha
(05:31 am) Qwert :no doubt its crazy
(05:38 am) JoeyTSA :think we will see 1780
+?
(05:44 am) JoeyTSA :/CL nice moves so far
too
(05:46 am) electrader :gm everyone
(05:47 am) taco :gm everyone
(05:49 am) JoeyTSA :gm elec,taco
(05:55 am) doji :Good morning fellas…
(05:56 am) JoeyTSA :hey doji
(05:56 am) alan3 :GM everyone.
(05:57 am) JoeyTSA :hi alan, Good morning
everyone
(05:57 am) doji :At what time does TWTR
start trading?
(05:57 am) JoeyTSA :not sure
(06:00 am) skydiver :gm all
(06:00 am) Murano :good morning
(06:07 am) rd :Good Morning to all
(06:08 am) Mitch’s Assist. :Twitter, TWTR is
sadi to be oversubscribed by 30 times
(06:08 am) rd :Doji i am hearing 10-1030 on
twtr
(06:08 am) JoeyTSA :should be very volatile
(06:09 am) Mitch’s Assist. :the fact that
Facebook has recovered and gone higher than
original IPO price about 17 months ago will
help the stock to be stronger than FB flop at
opening
(06:09 am) skydiver :thnx Mitch
(06:09 am) Mitch’s Assist. :but there is
still always a lot of selling pressure on the
guys who are flipping, which are fund
managers
(06:09 am) Mitch’s Assist. :they sell first
and ask questions later.
(06:10 am) JoeyTSA :i know sky is excited
like its Christmas morning haha
(06:10 am) skydiver ::)
(06:10 am) skydiver :Merry Christmas to all
🙂
(06:10 am) taco :lol
(06:10 am) JoeyTSA :haha
(06:10 am) skydiver :have Christmas songs
playing 😉
(06:10 am) JoeyTSA :sirius starts music next
week
(06:11 am) skydiver :next week? ok
(06:11 am) JoeyTSA :i think 11/12 is when
they switch to the Christmas channels, at
least a couple
(06:11 am) skydiver :ok
(06:12 am) doji :Sky, you must own TWTR
shares to be so excitted…
(06:12 am) skydiver :no doji, but those who
do I bet sure are 🙂
(06:13 am) doji :Miych, do you think you can
change your posts’ backgound to a different
colo? I have issues to read your post due to
the contrast….
(06:14 am) JoeyTSA :the blue print doji ?
(06:15 am) skydiver :or yellow brownish
above? that’s joey’s
(06:15 am) doji :no, the orange print
(06:16 am) doji :Ha sorry
(06:16 am) doji :Yesm that confirm that I
cannot read well
(06:16 am) JoeyTSA :thats mine
(06:16 am) doji :Hey Joey, use black as
background please…. lol
(06:16 am) JoeyTSA :haha
(06:17 am) JoeyTSA :not sure what other
colors are available
(06:17 am) doji :Pink? ROse?
(06:17 am) skydiver :GERN rallies after
abstract drug posted for limetelstat in
myelofibrosis
(06:17 am) JoeyTSA :will check with Mitch
later
(06:18 am) doji :Thanks Joey…
(06:18 am) taco :thx for gaps Mitch Joey
(06:18 am) JoeyTSA :you dont listen to me
anyways haha
(06:18 am) doji :Eye on TSLA, has the
highest O/I on weekly calls at $140
(06:18 am) doji :hahahha
(06:22 am) JoeyTSA :sky: the musician in me
hates twitter because # is a sharp sign, not
a darn hashtag 🙂
(06:23 am) skydiver :gotcha joey . . .:) 🙂
(06:23 am) JoeyTSA :i knew you would 🙂
(06:24 am) skydiver :I agree totally 🙂
(06:24 am) JoeyTSA :def watching 1770 on /ES
as support
(06:25 am) doji :Did any get the move in
GERN?
(06:26 am) skydiver :no — missed it doji
(06:26 am) JoeyTSA :i went small doji
(06:27 am) doji :I went only 1000 shares
also Joey
(06:28 am) JoeyTSA :i went smaller than that
haha
(06:32 am) doji :FB
(06:32 am) taco :OXBT
(06:33 am) JoeyTSA :thx taco, forgot to put
that up today
(06:34 am) skydiver :ipo -MVNR – open
(06:34 am) skydiver :how low is TSLA going?
went short earlier, but thingking need to
take some off the table here
(06:34 am) JoeyTSA :missed NPSP from
yesterday
(06:35 am) JoeyTSA :no clue sky
(06:35 am) taco :highest oi is 140 doji
posted earlier sky
(06:35 am) skydiver :me too joey 🙂
(06:36 am) doji :OXBT long 6.98
(06:38 am) JoeyTSA :not in SSYS, just saw
chart that had gap up
(06:39 am) doji :Missed SCTY… dang
(06:40 am) skydiver :trailing stop on TSLA
short
(06:40 am) skydiver :broke thru support of
141
(06:41 am) doji :Below $140 with volume will
be nice
(06:41 am) doji :APPL
(06:41 am) skydiver :thnx doji . .
(06:42 am) skydiver :covered 3/4 on TSLA
here
(06:42 am) doji :Long TSLA at 141
(06:43 am) skydiver :all out of TSLA short
here
(06:44 am) doji :Out TS:A
(06:45 am) doji :Dang missed short in FB
(06:45 am) skydiver :heard TWTR up to around
$40 now from fly on the wall news
(06:46 am) skydiver :TWTR – looking between
$40 and $44
(06:46 am) doji :Trading alredy?
(06:47 am) JoeyTSA :eye on /ES to see if 1770
holds now
(06:47 am) skydiver :not yet doji — sorry
— getting ready to launch it and priced
around the 40 dollar area at moment
(06:47 am) skydiver :still no time yet on
when it weill open – JOY – take over chatter
(06:47 am) doji :Are you at the trading
floor Sky?
(06:47 am) doji :Me too Ed… just watching
(06:48 am) JoeyTSA :AAPL near hod, most other
big names closer to lod area
(06:48 am) skydiver :thnx Ed for info on
ROSE
(06:48 am) skydiver :JOY moving up on
speculation of an investor’s stake
(06:48 am) doji :I said $140 would be
support for TSLA
(06:49 am) skydiver :good call doji
(06:49 am) doji :But nver trust me
(06:49 am) doji :Me too Ed.. thanks for the
lesson
(06:49 am) Ed :ur the man doji
(06:50 am) JoeyTSA :i always think of doji
when i see those commercials with the most
interesting man in the world haha
(06:50 am) Ed :me too joey
(06:50 am) doji :Hahahaha…. Good one Joey
(06:51 am) JoeyTSA :i dont always trade..but
when i do..my internet is garbage haha
(06:51 am) doji :Thanks Mitch
(06:51 am) Qwert :hahahah
(06:51 am) JoeyTSA :any news?
(06:52 am) JoeyTSA :agreed, that was a fairly
quick selloff
(06:53 am) regatta :just watching PWE, low
price
(06:54 am) doji :CTRP
(06:54 am) JoeyTSA :eye on BIDU, lod
(06:54 am) doji :Ed, still waiting for more
selling in ROSE?
(06:55 am) doji :I wnent long at 53.4
(06:56 am) skydiver :yes – watching BIDU
(06:57 am) taco :right ed
(06:57 am) skydiver :monitoring JOY
(06:58 am) JoeyTSA :i came into today
thinking markets would be strong
(06:58 am) JoeyTSA :seems a bit heavy though
(06:59 am) taco :nice call DATA diosna
(06:59 am) JoeyTSA :good reason to not trade
what you think
(06:59 am) taco :almost got it but missed
entry
(06:59 am) skydiver :good lesson joey for
all of us
(06:59 am) skydiver :Ed pushed that concept
hard at the seminar
(07:00 am) doji :Thanks Ed, really
appreciatted
(07:00 am) JoeyTSA :im sure, today good
example
(07:01 am) doji :TSLA slowly trending up…
(07:01 am) skydiver :nice doji on TSLA long
(07:02 am) doji :Long SFUN 49.77
(07:02 am) skydiver :thanks Ed
(07:02 am) Ed :TSLA, in class by itself as
had lost quite a bit last 2 days, so can
bounce with or without spy
(07:02 am) skydiver :gotcha on that Ed —
TSLA being quite extreme
(07:02 am) Ed :This is why I use same
approach for Extreme sellers, when looking
for reversals long
(07:03 am) JoeyTSA :very good plan Ed
(07:03 am) Ed :right like rubberband theory
(07:03 am) skydiver :good review Ed from
seminar – thnx – getting this into my head
better each day 🙂
(07:03 am) doji :Great Ed
(07:04 am) doji :Rubber band like SFUN Ed?
(07:04 am) Ed :glad to hear sky, this is why
reviewing each night helps
(07:04 am) Ed :right doji
(07:04 am) skydiver :yes . . . take lots of
review and practice to get this to become
automatic thinking properly 🙂
(07:04 am) doji :Watching also CTRP por
potential reversal from yesterday
(07:04 am) Ed :then its matter of seeing if
risk v. reward makes sense for ur style of
trading
(07:05 am) skydiver :right Ed 🙂 thanks
again . . great lesson
(07:05 am) JoeyTSA :all great points
(07:05 am) doji :Does anyone have the notes
from the seminar who can share with this poor
man? I have 5 wives and 21 children to
feed….
(07:06 am) Ed :plus a secretary 🙂
(07:06 am) skydiver :are you down a wife or
two doji? I thought you had 7 wives ?
(07:06 am) JoeyTSA :21 kids, you got a new
one?
(07:07 am) skydiver :new movie out about
some guy who has like 535 kids – looks funny
(07:07 am) Ed :Joliff/GUM, how goes it?
(07:07 am) doji :No, keeping the same… I
am up one chikd.. was born when I was on a
businee trip for over a year… my wife said
it’s mine…
(07:10 am) skydiver :missed the short on
GERN
(07:10 am) doji :Tailwind
(07:11 am) taco :i thought i heard an irish
accent ed
(07:11 am) Ed :lol
(07:14 am) doji :Watching CTRP
(07:19 am) doji :Mine is zero Ed… lol
(07:19 am) Ed :lol
(07:19 am) skydiver :good point . . . just
need to “pretend” doing sim when actually
doing real money 🙂
(07:20 am) skydiver :everyone taking money
out of market to use it to buy into TWTR?
(07:21 am) Ed :I know some say differently,
but when I sim traded CL for 6 months, right
after that I would quickly logon and had set
so could not tell difference if I were in sim
or live.
(07:21 am) Ed :that was back in Aprill 2011
(07:22 am) skydiver :interesting way of
doing it Ed
(07:22 am) Ed :other way, is to make the
share size so small that its really
insignificant, like 10 shares
(07:23 am) skydiver :TWTR now looking like
$45 – $47
(07:23 am) skydiver :gotcha Ed
(07:23 am) skydiver :KORS trying to bounce?
(07:23 am) Ed :TWTR should be fun
interesting
(07:23 am) Ed :trying is right
(07:25 am) JoeyTSA :/CL trying to hold S1
(07:29 am) doji :I went long CTRP at
49.92…. holding stop 50.23
(07:30 am) JoeyTSA :thx Ed
(07:31 am) Ed :when ur trying to keep ur job,
have to make it seems like ur useful
(07:31 am) Ed ::)
(07:31 am) JoeyTSA ::)
(07:31 am) JoeyTSA :great moves today, see
you all in 20
(07:31 am) Ed :since blockbusters gave me my
walking papers
(07:31 am) JoeyTSA :haha
(07:31 am) Ed :i worked the shift 1am to
1:30am
(07:32 am) taco :u just went for you rlunch
break
(07:32 am) Ed :right
(07:32 am) taco :haha
(07:32 am) doji :Taking 1/2 in CTRP… it’s
cooling off
(07:33 am) doji :Watching TSLA
(07:35 am) doji :TSLA confirm third fire
involbing Model S
(07:36 am) skydiver :thnx doji for info on
TSLA fire
(07:36 am) Ed :thx doji
(07:36 am) doji :Premium seller via put
holding TSLA here….
(07:36 am) skydiver :and thnx Ed 😉
(07:37 am) doji :Next O/I level is $135
although 1/3 of the $140 level
(07:39 am) doji :That is why my order to buy
at $140 was filled…
(07:39 am) skydiver :TWTR now looking $46
(07:39 am) doji :Where do you that numbers
Sky?
(07:40 am) skydiver :Fly on the Wall audio
doji
(07:40 am) skydiver :they give out lots of
the pre-data on ipo’s
(07:41 am) doji :Any website for IPO? I
remember some one posted time ago
(07:41 am) skydiver :I remember someone did
but can’t recall it at moment doji
(07:50 am) skydiver :thnx Mitch . . . was
thinking that
(07:50 am) doji :Trading now
(07:50 am) doji :Open price 45
(07:50 am) doji :Highg 47
(07:53 am) skydiver :my price was filled at
45.51 – ouit 46.71 – only small position
(07:53 am) skydiver :TWTR
(07:54 am) skydiver :I think I’m done with
TWTR for now
(07:54 am) doji :OXBT
(07:54 am) doji :50 shares?
(07:55 am) skydiver :dud 100 doji is all
(07:55 am) skydiver :only 100 share doji —
not sure how I typed dud
(07:56 am) doji :CTRP moving up nicely
(07:56 am) skydiver :okay . . .been a good
day in stocks . . . CL simulation .. I need
more practice — see you all later and again
thanks for everything 🙂
(07:57 am) JoeyTSA :enjoy sky
(07:57 am) taco :cya sky
(07:57 am) JoeyTSA :ipocentral at hoovers is
decent site
(07:57 am) skydiver :;)
(07:58 am) JoeyTSA :32M so far TWTR
(08:00 am) alan3 :Have a good day guys off
to work.
(08:00 am) taco :cya alan
(08:00 am) JoeyTSA :enjoy alan
(08:03 am) Ed :c ya alan
(08:04 am) JoeyTSA :TWTR giving nice
pullback, still use caution
(08:05 am) doji :DId get shares to short
Joey? No shares in TOS
(08:06 am) JoeyTSA :no, dont think you can
short ipo
(08:06 am) JoeyTSA :went long on it, took a
gamble
(08:07 am) JoeyTSA :watching it here, nicer
if gets back to 46
(08:07 am) doji :Interesting that FB and
TWTR openend at the same price in their IPO
day
(08:08 am) doji :Wtach on TSLA… broke the
$140 level…
(08:11 am) JoeyTSA :ROSE turned into a great
trade
(08:13 am) doji :TSLA also nice short
(08:14 am) gum :Thanks Mitch for GERN and
FLO
(08:17 am) Ed :gum is here
(08:19 am) doji :Gone Ipo’ opening price
(08:23 am) JoeyTSA :fda to ban transfats
(08:24 am) JoeyTSA :now to see which stocks
that will affect
(08:25 am) doji :Ticker: TRAN
(08:28 am) gum :Ed, Great morning, still
using old charts. Unable to download new
ones.
(08:30 am) JoeyTSA :good to hear gum
(08:30 am) Ed :good to hear about ur morning.
Not sure whats happening with download
(08:30 am) Mitch’s Assist. :what have you
been trading gum
(08:30 am) JoeyTSA :if old charts are
working, good 🙂
(08:31 am) gum :GERN and FLO
(08:31 am) Mitch’s Assist. :nice ones
(08:34 am) JoeyTSA :TSLA back to $140
(08:34 am) doji :Nice micro rebound in
TSLA… $140 very strong support so far
(08:34 am) Ed :both of those were nice
(08:35 am) JoeyTSA :slight move in /CL
(08:36 am) Murano :HNT trying to bottom??
(08:37 am) Murano :HNT having a really bad
day
(08:38 am) Ed :i know they reported but there
was some other news
(08:39 am) JoeyTSA :ugly day for them
(08:39 am) doji :HNT long
(08:39 am) Ed 😮 well,
(08:39 am) doji :25.73
(08:39 am) Murano :their earning were ok so
mut be some other news
(08:39 am) Ed :yea it was, cant find it
(08:40 am) doji :R/R 33c to $1.5
(08:41 am) JoeyTSA :cant complain about 5:1
(08:41 am) doji :If it gets ti S3=WVAP =
27.6
(08:42 am) doji :stop below $26… just let
it run….
(08:42 am) doji :Thanks HNT Murano….
(08:45 am) Ed :this is too funny already
(08:45 am) Ed :dongrade on TWTR
(08:46 am) Murano :downgrade on IPO day, that
is funny
(08:46 am) Ed :yea it is
(08:46 am) doji :That is the nice part of
the market, everyone has an opinion but
nobody is right…
(08:50 am) doji :Added to my long in
HNT….
(08:51 am) Ed :nice trading doji on HNT
(08:51 am) Qwert :doji what price did you add
at?
(08:52 am) doji :26.63
(08:52 am) Qwert :I am trying to incorporate
adding at key areas
(08:52 am) Qwert :thx
(08:52 am) doji :so my average is 26.18….
(08:52 am) Qwert :nice
(08:52 am) doji :It held $26.5..
(08:53 am) doji :Will trim 1/2 at 27.5 and
trail the other 1/2
(08:53 am) JoeyTSA :great trading doji
(08:54 am) doji :Thanks. I wish I could have
more time for day trading but you know,
having to keep five wives happy is not
easy…. it’s a high demaing work…
(08:54 am) JoeyTSA :hit and run, just like
your dating practice 🙂
(08:54 am) Qwert :Doji did you start with 1/2
position? and then get to full when you
added?
(08:55 am) doji :I started with full
positiion and then I doubled it
(08:56 am) Qwert :okay thx
(08:56 am) doji :Moved stop at 26.73
(08:56 am) doji :Dang missed FSLR
(08:58 am) Murano :out 3/4 HMA
(08:59 am) Murano :out last 1/4 HMA
(09:01 am) doji :All out HNT….
(09:01 am) doji :well stopped….
(09:07 am) doji :Any idea what caused the
selling on the market?
(09:08 am) JoeyTSA :i didnt see anything,
also assuming this upmove is just buying the
oversold area?
(09:09 am) JoeyTSA :market has me confused
actually
(09:16 am) doji :It was the GDP data that
caused the selloff Joey
(09:16 am) doji :Watching TSLA
(09:17 am) JoeyTSA :/TF testing S1 res
(09:18 am) JoeyTSA :thx doji, didnt even pay
attention to it because came out same time as
jobs
(09:19 am) JoeyTSA :looks like gdp # were an
improvement?
(09:20 am) JoeyTSA :eye on OAS pullback
(09:33 am) Murano :HNT past 28
(09:34 am) taco :watching it M, nice
(09:34 am) taco :could have re-entered over
27
(09:35 am) doji :Yes Murano, the quick drop
at 12:00 triggered my stop …
(09:38 am) gum :Murano, Thanks for HNT
(09:39 am) Murano :happy to help gum
(09:39 am) taco :gum was one of the lifes of
the party in portland
(09:40 am) taco :real charatcer
(09:40 am) JoeyTSA :gotta love characters
(09:40 am) taco :him and his friend, forget
his screen name, were trouble makers 😉
(09:41 am) Qwert :Gum could be a stand-up
comedian very funny
(09:41 am) Qwert :taco thats his brother
(09:41 am) taco :oh ya cool
(09:41 am) gum :Taco, that was my Brother
(09:41 am) Ed :his brother
(09:41 am) taco :you look alike lol
(09:42 am) JoeyTSA :move to vegas gum start a
comedy routine
(09:42 am) Ed :his brother is quiet one
compared to gum
(09:43 am) JoeyTSA :good to have a 2nd
banana
(09:43 am) taco :both fantastic
(09:43 am) taco :pleasure meeting them both
(09:43 am) JoeyTSA :in case you guys havent
noticed, i like to laugh 🙂
(09:43 am) gum :Thanks Joey, leaving for
Verga
(09:44 am) JoeyTSA :where is verga ??
(09:44 am) JoeyTSA :planet from star trek?
(09:44 am) Qwert :lol
(09:44 am) gum :Thats in Mississippi
(09:45 am) JoeyTSA :oh ok
(09:45 am) Ed :m i crooked letter, crooker
letter, hump back I, …………..
(09:46 am) JoeyTSA :never been to
Mississippi, supposed to then gig got
cancelled
(09:46 am) gum :Ed, you got it !
(09:46 am) taco :ed’s circuit shorted
(09:46 am) Ed :lol
(09:48 am) JoeyTSA :had booking in Vicksburg
but was nixed
(09:49 am) taco :nice onRIG qwert
(09:49 am) Qwert :thx still working 🙂
(09:49 am) taco :thought i should mention a
stock before mitch thought we were goofing
around
(09:51 am) Qwert :thx good idea 🙂
(09:52 am) klas :Ha TSA grew hows it going?
(09:52 am) JoeyTSA :hey klas
(09:52 am) klas :Hey joey
(09:53 am) Ed :hey mike how goes it
(09:53 am) klas :great Ed day job in the way
of trading
(09:54 am) Ed :great part ur making $$
though
(09:54 am) klas :Is there a webinar on
Thunder today?
(09:54 am) Ed :not sure
(09:54 am) taco :pretty sure klas yes
(09:55 am) klas :I never received the home
work but did a bit of my own
(09:55 am) klas :Taco is it in this room
after trading
(09:55 am) taco :not sure
(09:56 am) klas :I need to change a
afternoon apointment if so
(09:58 am) Murano :have an appointment this
afternoon, see you tomorrow
(09:58 am) taco :cya murano
(09:58 am) JoeyTSA :bye murano thanks
(09:58 am) Qwert :bye Murano
(09:59 am) gum :Murano, good job !!
(09:59 am) Ed :c ya murano
(10:02 am) JoeyTSA :nice trading on the
indices today
(10:03 am) JoeyTSA :early lunch, see you in
40
(10:31 am) doji :SWI long 34.2
(10:31 am) doji :stop at b/e
(10:32 am) doji :SWI rebounded from the
78.6% Fibonacci…. nice
(10:33 am) doji :$35 is the 62% retracement
(10:37 am) JoeyTSA :ROSE trying to bottom
again?
(10:49 am) JoeyTSA :cnbc cheerleaders dont
have their pom poms out today
(11:02 am) Mitch’s Assist. :hey klas
(11:03 am) JoeyTSA :thx Ed, premarket i was
wondering if we would jump from 1776 to 1780+
haha
(11:05 am) Ed :the heaviness we felt
yesterday coming to fruition today
(11:05 am) JoeyTSA :yeah and wasnt yesterday
all time high?
(11:05 am) Ed :yep
(11:05 am) JoeyTSA :crazy
(11:09 am) doji :Hey Ed, where do you get
that infor from?
(11:09 am) JoeyTSA :thx Ed
(11:09 am) Ed :trade the news
(11:09 am) doji :tradethenews.com?
(11:09 am) Ed :yes
(11:10 am) JoeyTSA :seems like a good site
(11:10 am) Ed :yep get news for
stocks/futures/forex
(11:11 am) Ed :rather news that will impact
those markets
(11:11 am) doji :Do you have to sign in?
(11:11 am) JoeyTSA :need to check them out, i
did the free trial at briefing, good stuff
there too
(11:11 am) Ed :yes i have a subsription
(11:11 am) JoeyTSA :briefing used to have
much more free stuff back in the day
(11:11 am) doji :What is your Username and
Password Ed?
(11:11 am) doji :Hahahahaha
(11:11 am) Ed :lol
(11:12 am) JoeyTSA :user- Private password –
Dancer
(11:12 am) Ed :user (blockbuster) password
(dancer)
(11:12 am) Mitch King:you can get briefing
free with most brokers
(11:12 am) JoeyTSA :hahaha
(11:13 am) doji :TDA?
(11:13 am) JoeyTSA :Mitch : i think i can on
one of mine, i never check though
(11:13 am) JoeyTSA :is that for the Actice
Trader service also?
(11:15 am) Mitch’s Assist. :not sure but i
paid subscription to briefing and then found
it on most brokers website, i know schwab has
it, probably others
(11:15 am) JoeyTSA :i think
schwab/optionsxpress do..actually forgot all
about it
(11:15 am) JoeyTSA :havent logged in to those
accounts in a while
(11:16 am) JoeyTSA :will check later today,
but was impressed with what i saw the past
few weeks
(11:18 am) JoeyTSA :eye on /CL, might test
$94
(11:21 am) JoeyTSA :so all-time high
yesterday, massive pullback today..any
thoughts on tomorrow?
(11:21 am) JoeyTSA :esp with opx and
weekend?
(11:21 am) Ed :cough cough
(11:22 am) JoeyTSA ::)
(11:22 am) JoeyTSA :market is open monday
correct?
(11:22 am) Ed :yes
(11:22 am) JoeyTSA :might be light vol
though
(11:23 am) JoeyTSA :just like Columbus Day
(11:23 am) JoeyTSA :think i might sleep in
that day
(11:32 am) pirate :ROSE getting vol
(11:33 am) JoeyTSA :what was the news on ROSE
today, lots of action on it
(11:35 am) Ed :they reported uesterday some
downgrades, and one more thing issue notes i
thinkk
(11:36 am) JoeyTSA :oh ok, thanks
(11:36 am) Qwert :yeah issued senior notes i
think joey
(11:36 am) Qwert :450 million offering
(11:39 am) doji :More selling in ROSE
(11:39 am) JoeyTSA :they were $65 a week ago
(11:40 am) Qwert :Been a nice trader today
rose 🙂
(11:40 am) JoeyTSA :had about $8 drop then $4
bounce
(11:40 am) Ed :feels like Z was 100 just few
weeks ao
(11:40 am) Ed :ago
(11:40 am) Ed :yea rose been good un
(11:40 am) JoeyTSA :yeah another one that
took it on the cin
(11:40 am) JoeyTSA :chin
(11:42 am) Qwert :Joey when you trade /ES
what do use for tgts how many tics?
(11:42 am) JoeyTSA :kind of depends, i do a
bit too much instinct based
(11:43 am) JoeyTSA :and also depends on if i
have an atm turned on or not
(11:43 am) Qwert :been a nice short for a
long time now was just looking at the chart
(11:44 am) JoeyTSA :last it depends on if i
am microtrading it or not
(11:44 am) Qwert :do you use a 1 min chart or
tic chart?
(11:44 am) JoeyTSA :2 tick charts, a 578 and
340
(11:45 am) JoeyTSA :will microtrade with the
340, the 578 usually a combination of pivots
and price level targets
(11:45 am) doji :And also depends if he is
awake or still sleeping
(11:45 am) doji :If he has pants or not
(11:45 am) JoeyTSA :haha
(11:45 am) Qwert :hahahaha
(11:45 am) doji :Anything you want to know
Qwert?
(11:46 am) JoeyTSA :like that test of S3 a
few minutes back, using 1747 as profit
target seemed like no brainer to me
(11:47 am) Qwert :do you try and keep a
runner or all in all out?
(11:47 am) JoeyTSA :usually all in/out
(11:48 am) JoeyTSA :esp on microtrades
(11:48 am) JoeyTSA :as sky and mitch call
them
(11:48 am) JoeyTSA :once 1747 held, next
target was 1750
(11:49 am) Qwert :pivots look like they are
pretty important
(11:49 am) JoeyTSA :push thru 1750, next up
target i would look for is 1752-53
(11:50 am) JoeyTSA :mainly because they are
based off of previous price levels
(11:50 am) JoeyTSA :Ed uses price
action/levels so he wouldnt need pivots on
his chart, i just like having that visual
target
(11:51 am) JoeyTSA :i use pp’s on my stocks
also, but TS and LS calculate differently, so
depending on what chart/platform my trade is
on..i just use that chart
(11:51 am) Qwert :theres some pretty good
looking signals from thunder and lightning on
thos time frames you mentioned
(11:51 am) JoeyTSA :im very caveman like in
my approach
(11:52 am) JoeyTSA :and i use Lightning on
futures along with those levels
(11:52 am) Qwert :i try and keep it much
simpler than i used to
(11:52 am) JoeyTSA :may take a trade without
a lightning signal, but if one shows up in
what i think is an entry area, all the
better
(11:52 am) JoeyTSA :i have wayyyy too much on
my charts
(11:53 am) JoeyTSA :thats why its hard to be
exact when i make a call
(11:54 am) JoeyTSA :one trade i will use pp
as a target, next setup might use darvis line
as target
(11:54 am) JoeyTSA :ideally they all line up
on a nice rd # and make things simple
(11:54 am) JoeyTSA :but i also want jessica
alba to deliver my pizza tonight 🙂
(11:54 am) Qwert :yeah i always use first
place of resistance for longs on a target
(11:55 am) Qwert :she is hot
(11:55 am) JoeyTSA :thats for futures
(11:55 am) JoeyTSA :for stocks i do throw in
an eyeball scan of r/r
(11:56 am) JoeyTSA :one day im going to just
mess around with /ES and use a 1 tick target,
see how many times i can hit it haha
(11:56 am) Qwert :hahah
(11:57 am) JoeyTSA :maybe 2
(11:57 am) JoeyTSA :make 1000 trades one day
hahah
(11:58 am) Qwert :when your scalping /ES are
you going for 8-10 tics at a time
(11:58 am) JoeyTSA :with my luck it would be
the one day in my trading lifetime where i
nail exact tops/bottoms and lose my butt
(11:58 am) JoeyTSA :i start off with 4
usually
(11:58 am) JoeyTSA :manually adjust it, thats
if i have the atm on
(11:59 am) JoeyTSA :8 is a good target
though
(11:59 am) Qwert :okay thx
(11:59 am) Qwert :might sim trade it to test
thunder
(11:59 am) JoeyTSA :like that 1747 entry, if
target was 1750, then 8tick target is great,
should hit it
(12:00 pm) JoeyTSA :kind of like if i think a
stock will get to $60, i might set target at
59.90 for example
(12:00 pm) JoeyTSA :thx Ed
(12:00 pm) Qwert :right okay thx
(12:00 pm) JoeyTSA :just in case momentum
doesnt quite get there
(12:02 pm) Qwert :so with that 1747 entry as
example where do you put initial stop?
(12:02 pm) Qwert :under swing low?
(12:03 pm) JoeyTSA :4-6 ticks, sometimes 8
(12:04 pm) JoeyTSA :my atm is set at 8 on 1
chart, 4 on the other
(12:04 pm) Qwert :okay so risk reward 1-1 or
2-1
(12:04 pm) doji :Is it today Mitch?
(12:04 pm) JoeyTSA :yeah, lower than i like
on stocks
(12:04 pm) JoeyTSA :actually its 1:2 on one
of them
(12:05 pm) JoeyTSA :thats the initial
setting, then just adjust it up
(12:06 pm) Mitch’s Assist. :yes it is for the
workshop attendees doji
(12:06 pm) JoeyTSA :and i dont recommend
that, its just what i have things set as
(12:07 pm) Qwert :i understand you can always
slide up
(12:07 pm) Qwert :or down
(12:07 pm) JoeyTSA :right
(12:08 pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Qwert,traders
(12:09 pm) JoeyTSA :have a great day, see you
tomorrow
(12:09 pm) taco :cya joey
(12:09 pm) Ed :c ya joey
(12:10 pm) doji :See ya tomorrow, nice
trading today
(12:10 pm) Ed :c ya doji
(12:10 pm) taco :cta doji
(12:11 pm) doji :Bye tacobell
(12:11 pm) doji :Chanhe your alias to
“burrito”.. lol
(12:12 pm) taco :yo mamma better 🙂
(12:14 pm) gum :Thanks to all, still short
on JOE
(12:15 pm) Ed :nice trading gum
(12:16 pm) Qwert :That daily spy chart gonna
look pretty nasty if we close here?
(12:58 pm) taco :thanks everyone, cya in the
am or in the workshop
(01:06 pm) klas :see you in 30 min
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