[06:12 am] Mitch K: but i dont see another
$42 move like yesterday
[06:12 am] Mitch
K: i was hoping AAPL was going to sell down
and give us another long helping at a better
price but it is uppremarket.
worth watching, i think there is a 10-12
point long scalp somewhere early
[06:14
am] Mitch K: getting good moves from NG, SI,
GC this morning
[06:23 am] Mitch K: 6E,
Euro currency futures also moving
nicely
[06:30 am] Mitch K: watching SRPT
for bottom
[06:31 am] Mitch K: watching
CXW for top
[06:31 am] Mitch K: monitoring
BC
[06:31 am] Mitch K: watching LULU for
buy on dip
[06:31 am] Mitch K: watching
PANW for bottom
[06:32 am] Mitch K:
watching ESL for top
[06:33 am] Ed : SBUX
is advanced trade must have strong
vol
[06:33 am] Mitch K: watching SHLD for
top
[06:33 am] Ed : monitor SBUX for
potential breakout with strong vol would usee
54.40
[06:33 am] Mitch K: watching LAYN
for bottom
[06:34 am] Mitch K: watching
AVGO for bottom
[06:34 am] Mitch K: good
eye on CMTL, i missed bottom but watching for
top to short, take time
[06:35 am] Mitch
K: monitoring AMP
[06:35 am] Mitch K:
watching ESL closer for bottom to cover and
possible long entry
[06:36 am] Ed : NFLX
monitor for potential breakout with strong
vol
[06:37 am] Mitch K: QQQ turning over,
same as spy but represents Nasdaq
[06:37
am] Mitch K: MHP toppy
[06:39 am] Ed :
placing stop on last 1/4 of NFLX at
breakeven
[06:39 am] Ed : reducing 3/4 of
NFLX long
[06:40 am] Ed : SPY pulling back
more
[06:40 am] Mitch K: watching HUM for
top to short
[06:40 am] Mitch K: watching
IDCC for bottom
[06:41 am] Mitch K: best
price
[06:41 am] Mitch K: sell
SRPT
[06:41 am] Ed : nice one qwert on
SWHC
[06:42 am] Mitch K: watching FMCN for
bottom, going to good one
[06:42 am] Ed :
SI (silver futures) new high getting pullback
in GC (gold futures)
[06:42 am] Ed :
getting pullback in AAPL also
[06:44 am]
Mitch K: consider covering BC short
[06:45
am] Mitch K: more downside on GEO
[06:47
am] Ed : trend down right now for
SPY
[06:48 am] Mitch K: watching COO for
top to short
[06:49 am] Ed : SPY new
lod
[06:54 am] Mitch K: watching GPOR for
bottom, sort of dead so far
[06:56 am]
Mitch K: watching AAPL for bottom, this is
what i was looking for, the lower it goes the
better the bounce
[06:56 am] Mitch K: for
top
[06:56 am] Mitch K: watching
CONN
[06:58 am] Mitch K: my full attention
on AAPL for bottom to buy
[07:00 am] Mitch
K: MPC bottoming
[07:00 am] Mitch K: also
watching UNH for bottom to buy, United
Health
[07:00 am] Mitch K: AAPL bottom
should be right around here
[07:01 am]
Mitch K: buy signal on 1 min with
AAPL
[07:01 am] Mitch K: more upside on
GPOR long, too late to buy though
[07:02
am] Mitch K: SPY and QQQ bouncing here, going
to help AAPL
[07:02 am] Mitch K: should
see over $550 on this AAPL bounce
[07:02
am] Mitch K: pull up QQQ and SPY charts next
to AAPL
[07:03 am] Mitch K: lisa, lets
talk about that, after AAPL trade is over
ok? i have some settings and
explanation
[07:04 am] Mitch K: GPOR still
strong, starting to watch for short as well
as long entry
[07:05 am] Mitch K: watching
1 min
[07:05 am] Mitch K: now what you
want is right there on this candle with AAPL
a higher high
[07:06 am] Mitch K: im
talking AAPL
[07:06 am] Mitch K: there it
is 547.72, higher high, tells me good trading
behavior
[07:06 am] Mitch K: on this
candle 1 min
[07:06 am] Mitch K: ok,
again, watch for higher candle higher
high
[07:06 am] Mitch K: that was a slow
start out of the bottom of AAPL, SPY,
QQQ. good for the slow moving
traders
[07:07 am] Mitch K: SPY looks
strong
[07:07 am] Mitch K: thats what we
wanted mike, that is why i commented to bring
up QQQ and SPY next to AAPL chart
[07:07
am] Mitch K: im guessing 550-551
area
[07:08 am] Mitch K: early sell signal
with AAPL
[07:08 am] Mitch K: little toppy
in SPY, im talking micro trading action with
these comments but could resurge easily with
AAPL
[07:08 am] Mitch K: meaning sell
1/3rd of position
[07:08 am] Mitch K: so i
take off 1/3rd of long on AAPL on
that
[07:09 am] Mitch K: im
closed
[07:09 am] Mitch K: sell signal 1
min AAPL
[07:10 am] Mitch K: i know why
you guys arent getting signals. slower
computer and slower bandwidth on internet
speed
[07:10 am] Mitch K: not a lesson for
beginning trader though, good for learning
how to be nimble, move quickly
[07:11 am]
Mitch K: also there is a setting in this that
may affect
[07:11 am] Mitch K: i am using
exactly what you have, precisely
[07:12
am] Mitch K: my computer box cost 9800, just
the box
[07:12 am] Mitch K: 3 dsls and 1
cable modem
[07:12 am] Mitch K: i have 4
internet services feeding into a router that
balances, optimizes internet
[07:13 am]
Mitch K: for aapl
[07:13 am] Mitch K: 2nd
sell signal on 1 min
[07:13 am] Mitch K:
the router that takes up to 5 internet inputs
adds up more speed than just 1.
[07:14 am]
Mitch K: upgrade your internet speed to max,
go ahead and spend $130 a month on internet,
i spend about 550 a month but it pays off
big
[07:15 am] Mitch K: that is slow
taco
[07:15 am] Mitch K: looking for long
position in aapl, another long entry, just
watching if we break below 543.50 area, if it
bounces off that, i’d be interested in trying
long again but with smaller long
position
[07:16 am] Mitch K:
internet
[07:16 am] Mitch K: lisa, can
you upgrade
[07:16 am] Mitch K: your
internet is slow taco
[07:16 am] Mitch K:
ed, what kind of 1 min signals are you or
have you been getting on AAPL? answer
later when you are free
[07:16 am] Mitch
K: watching UNH for short soon
[07:16 am]
Mitch K: let me check later jsn
[07:18 am]
Mitch K: i think we get another bounce here
APL
[07:19 am] Mitch K: im not thinking
550 anymore, just a quick $2-4
[07:19 am]
Mitch K: about 15 seconds ago
[07:19 am]
Mitch K: got signal 1 min long
[07:20 am]
Mitch K: i leave below 543, mkt struggling
though
[07:21 am] Mitch K: trading action
in AAPL is weak
[07:22 am] Mitch K: yes,
no go on apple 2nd helping long
[07:22 am]
Mitch K: looks like a no go
[07:23 am]
Mitch K: ok then what i do i sjust wait on
aapl, still monitor it for another drop and
scan for others
[07:24 am] Mitch K: when
you microtrade like that, you really need to
be on yoru game, decisive, fully paying
attention, be serious and hyper focus on
those few critical moments, hope that makes
sense
[07:24 am] Mitch K: i look at what
market is doing now, sort of a mental
break. look at futures, OIl is down,
gold an dsilver are choppy, NG is choppy,,
then i get up and walk around for about a
min
[07:25 am] Mitch K: but i dont trade
like that often, just on some interesting
ideas
[07:26 am] Mitch K: if you trade
that way all the time, or if I did, i’ve be
exhausted by Tuesday’s close and be worthless
for wed thurs fri
[07:26 am] Mitch K: i
still think we can get another $3-5 point
move if AAPL drops to 538 or something like
that. I cannot trade like this
everyday, 5 days a week, cant do it anymore
and besides, you can make more money on
slower moving stuff, which is
easier.
[07:28 am] Ed : trend still down
in AAPL and SPY
[07:29 am] Mitch K: both
taco
[07:29 am] Mitch K: im telling you
now i have the exact same program, no other
differences
[07:29 am] Mitch K: this is my
chart on AAPL, not sure why you guys are that
slow, i think it is a big diff between
computers and internet speed. those two
combined.
[07:30 am] Mitch K: Ed has real
good speed
[07:30 am] Mitch K: call up
provider and upgrade to max speed. Like
Captain Kirk says to Scottie, “I need more
power”
[07:31 am] Mitch K: Ed has fios
right? thats really balance down and
up, i’d rather have his speed than
mine. i get about 80mbps down and 5
up
[07:32 am] Mitch K: oh thats real good
qwert, real good
[07:32 am] Ed : SPY new
lod
[07:34 am] Mitch K: going to get
another long pretty soon on AAPL
[07:34
am] Mitch K: now combine that speed with a
dual Xeon processor, 8 cores each at 2.4ghz
or higher, you really got a good setup.
ideally you get an expensive load balancer
router, antoher $3800, get 3 inputs, 1 dsl
and 2 cables, and now you are at top speed
except for on Nasdaq exchange on NY city,
thats fastest
[07:35 am] Mitch K: watching
AAPL soon, really soon
[07:35 am] Mitch K:
im excessive, obsessive lisa
[07:36 am]
Mitch K: lets go through some settings on a
2nd aaple chart, after this apple
bounce
[07:37 am] Mitch K: probably 542 on
AAPl
[07:41 am] Mitch K: very
weak
[07:44 am] Mitch K: we should have
selling pressure today on Friday, people are
a little scared to go into weekend long with
the lunatics running the asylum
[politicians]
[07:48 am] Mitch K: not
expecting much more on AAPL
[07:48 am]
Mitch K: good trade scalp
[07:49 am] Mitch
K: i suppose you guys want me to explain
this, right, lol?
[07:49 am] Mitch K:
thats all i was looking for,
[07:49 am]
Mitch K: im trading with a target profit on
aapl
[07:50 am] Mitch K: he is smarter
than me
[07:50 am] Mitch K: shorts are 4
times more profitable than longs. thats
why Ed shorted same time i sold
long
[07:50 am] Mitch K: we are in a
downtrend but i was making money on the long
scalp, what is called the
countertrend.
[07:50 am] Mitch K: i
expected same behavior in this
[07:51 am]
Mitch K: lol, cruel person
[07:51 am]
Mitch K: Ed is 15 years younger
too,
[07:51 am] Mitch K: its sort of a
handoff in football, a reverse if you
will
[01:06 pm] Mitch K: 7:51:01am
sell
[07:52 am] Mitch K: im not even dead
yet and Ed is selling me short
[07:55 am]
Ed : monitoring RGR, been in downtrend so
far
[08:01 am] Ed : Boehner
speaking
[08:01 am] Ed : thats on
RGR
[08:01 am] Ed : would like some more
selling see how it reacts to that 50
area
[08:26 am] Mitch K: you guys watching
NG, natural gas? moving well
[08:31
am] Mitch K: scalpman, NG is the futures
symbol NG 01-13 for natural gas, not the
stock symbol NG
[08:42 am] Mitch K: MXIM
spike
[08:43 am] Mitch K: CTXS
moving
[08:58 am] Mitch K: consider
covering CTXS short
[08:59 am] Mitch K:
starting to watch AAPL again
[09:08 am]
Mitch K: looking for 2nd helping short in
CTXS, looking for 61.75 area
[09:25 am] Ed
: SPY trading in small range
[09:29 am] Ed
: good eye sman
[09:45 am] Mitch K:
consider covering most of CTXS soon
[09:47
am] Mitch K: DDS spike
[09:48 am] Mitch K:
buy signal on NG 01-13
[09:58 am] Ed : see
if we get some more buyers in FDO to get
setup for potential short
[10:07 am] Mitch
K: DDS short 2nd helping
[10:15 am] Mitch
K: you guys notice that day that FCX bot PXP
and MMR, there was great movement, vol, i
think it was tuesday. wednesday also
was good. interesting how that brought
in traders, probably lot of
professionals, hedgies, program
trading
[10:26 am] Mitch K: ACAT an ipo a
few days ago i think
[10:27 am] Mitch K:
never mind i was thinking another
stock
[11:11 am] Ed : tight range on
SPy
[11:31 am] Mitch K: we can go through
this later if you are in a trade
[11:31
am] Mitch K: hey guys, we can go through that
AAPL chart on Lightning now. was it a 1
min chart that was later for your chart than
mine
[11:32 am] Mitch K: pacific
time
[11:32 am] Mitch K: i think around
737am
[11:32 am] Mitch K: was it a 1 min
chart we were looking at
[11:34 am] Mitch
K: what candle or time did you get a buy
signal on AAPL on a 1 min chart, i have 737am
pacific
[11:35 am] Mitch K: and that was a
failed trade
[11:35 am] Mitch K: that was
a post from earlier at 719am here in the
room
[11:35 am] Mitch K: Mitch K: got
signal 1 min long
[11:36 am] Mitch K: at
719 skydiver
[11:36 am] Mitch K: check
that time around 719am, see what you
have
[11:37 am] Mitch K: i thoguht several
of you said you didnt have a signal yet until
like a min later or 2
[11:38 am] Mitch K:
ok look at this indicator by right clicking
on the chart, indicators, highlight the
Lightning stocksBeta indicator in the lower
left window of that popup window
[11:39
am] Mitch K: when it is set at False, you
will get a signal mid candle and this is a
more sensitive setting
[11:39 am] Mitch K:
and then look to see what setting you have
below Data on the upper right where it says
Calculate on bar close = False or
True
[11:40 am] Mitch K: when Calculate on
Bar Close = False, you get more
signals. Sometimes they are earlier
too.
[11:41 am] Mitch K: now we already
talked about bandwidth and computer power
affects the timing of signals but it shouldnt
be that much slower like a minute or 2,
should only result in seconds
[11:41 am]
Mitch K: i had my chart set to False, but i
found that ive liked the True better because
i get a more confirmed signal.
[11:42 am]
Mitch K: ok, so doji got signal same time as
me.
[11:42 am] Mitch K: so i prefer that
question to be answered as True even though
my chart was set to false without my knowing
it.
[11:43 am] Mitch K: the reason why i
got crazy with internet speed is because i
know it affects some trades occasionally, on
fast movers, high volume stocks
[11:44 am]
Mitch K: yes i have done that many times joey
and only see a diff on the fast movers.
i have backtested this many times and found
that True consistently outperforms
False
[11:45 am] Mitch K: i would keep
setting on True but you test it for yourself
because you need to build confidence in this
system more than me because it is new to
you.
[11:46 am] Mitch K: ok, i thought
True was set as default so I was surprised to
see mine was set to False but I am always
fiddling around with this
[11:47 am] Mitch
K: oh that was agood one sman, i needed
about 20 seconds sooner, can you check your
internet speed,? lol
[11:48 am]
Mitch K: yes i have done that a lot of
times
[11:49 am] Mitch K: there is a
NinjaTrader video on Youtube for replay mode,
most anything you have questions on
NinjaTrader there is a youtube
video
[11:54 am] Mitch K: GRPN on fire
today
[11:57 am] Mitch K: thats typical
taco for a no-name stock
[12:14 pm] Mitch
K: Interactive Brokers works with stocks and
futures chingo. MB Trading also good
choice
[12:15 pm] Mitch K: MB
Trading
[12:15 pm] Mitch K: here is a
complete list of brokerage partners, i think
there are 43
[12:15 pm] Mitch K:
http://www.ninjatrader.com/partners
[12:25
pm] Ed : NXY alert
[12:27 pm] Ed : will
look for potential long
[12:27 pm] Ed :
covering all NXY short
[12:31 pm] Ed :
getting news shares are halted in
canada
[12:31 pm] Ed : Im all out of NXY
shares long
[12:32 pm] Ed : so be nimble
on NXY
[12:33 pm] Ed : and stock is halted
there last few minutes
[12:33 pm] Ed :
Some news will be coming out of Canda soon on
the stock
[12:33 pm] Ed : FYI: would not
touch NYX anymore here
[12:49 pm] Mitch K:
nice job on NXY boys and girls
[12:50 pm]
Ed : Not enough time but what u do on stocks
like IR, is look for retest near lod, and for
higher low to be setup for long
[12:52 pm]
Ed : US supreme cout to take up case of same
sex marriage
[12:58 pm] Mitch K: MXIM
spike down, not sure if real
[01:00 pm] Ed
: have a greeat evening tradrs
[01:02 pm]
Mitch K: yeah what interval and chart style
on that joey
[01:02 pm] Mitch K: yeah, ive
got the chart up front and center
joey.
[01:04 pm] Mitch K: hey joey, or
anyone
[01:06 pm] Mitch K: i was just
talking to Ed and giving him status of 2nd
version fo Lightning. its really good
for futures and forex, it helps on stocks but
really helps futures and forex
instruments. but the version we are
working on has last sell signal at 7:512:01am
pacific time, its been one long short, still
show red
[01:07 pm] Mitch K: as you know,
lots and lots of testing, tweaks, retesting,
changes, testing ahead
[01:07 pm] Mitch K:
my goal has been to get rid of much of the
excessive signals.
[01:08 pm] Mitch K:
well, no, that wont happen. perfection
is impossible unless we;re in heaven or
something. but when you reduce 30% of
signals and most of them are garbage signals,
the profits go skyrocketing
[01:09 pm]
Mitch K: instread of doing that joey, i’d
rather just not have all those signals, just
gone
[01:10 pm] Mitch K: yeah, thats a
nice technique you have there
[01:12 pm]
Mitch K: and whatever fits your personality
and way of seeing things
[01:12 pm] Mitch
K: yeah if something works for you
consistently and you like it, keep
repeating. key to making moeny in
financial markets is to repeat things that
work.
[01:14 pm] Mitch K: let me show you
a few sman
[01:16 pm] Mitch K: i totally
agree joey, im telling you this 2nd version
ive been working on is kick axx
[01:17 pm]
Mitch K: ok check this out, this next chart
im going to project on NXY
[01:17 pm]
Mitch K: aint no brag, just fact. i
have to admit we got lucky. had
specific goals for 2nd version and it only
took 2.5 months to achieve. i
anticipated would take 5-6 months
| [06:11 am] taco : good morning
all
[06:11 am] mikewd2 -: good morning
traders
[06:11 am] taco : nice moves
in es gc si and cl
[06:11 am] khall
: good Friday morning!
[06:11 am]
lisas : gm all
[06:11 am]
joeytsa : Good morning Mitch,
traders
[06:12 am] chinhngo : good
morning
[06:12 am] mikewd2 -: would like
that to Mitch, just not the sell off first –
haha
[06:12 am] Mitch K: hey chingo, did
you get that real time quotes working on
Kinetick?
[06:12 am] joeytsa : nice
ES pop off the job #
[06:13 am]
chinhngo : yes
[06:13 am] taco
: thanks for heads up
[06:13 am]
taco : n info ystrd
[06:13 am] Mitch
K: ok good, so your charts are updating in
real time now chingo?
[06:13 am]
chinhngo : yes i think so
thank
[06:13 am] qwert : Good
morning everyone
[06:14 am] chinhngo
: and happy just make 300 for sell
tfz12
[06:14 am] Mitch K: did you get
stocks only or futures forex too with quotes
and Lightning? you can see if a chart
is moving real time by highlighting CL
01-13
[06:14 am] joeytsa : gap up:
AAPL,SHLD,NFLX,BAGL
[06:14 am]
skydiver : gm all
[06:15 am]
joeytsa : gap down:
AMRN,FMCN,
[06:15 am] chinhngo : i
email to you subcribe future and paid all
fute of kinetic
[06:15 am] taco :
thanks for gaps
[06:15 am] chinhngo
: hope i will have future on monday
[06:15
am] joeytsa : unemployment fell to
7.7%
[06:16 am] mikewd2 -: yeah decent
jobs number joey
[06:16 am] joeytsa
: only because 350k left the market
[06:16
am] joeytsa : and seasonal
hiring
[06:16 am] mikewd2 -: guess they
didn’t count the hostess people?
[06:16
am] joeytsa : sept/oct both revised
down
[06:17 am] joeytsa :
construction/manufacturing reduced employment
also
[06:18 am] gum : Mitch,
Is
[06:18 am] chinhngo : watch amrn
go down 20%
[06:18 am] mikewd2 -: Sarepta
updates data from Study 202 of steplirsen for
treatment of DMD
[06:18 am] mikewd2 -:
Sarepta updates data from Study 202 of
steplirsen for treatment of DMD
[06:19 am]
joeytsa : SRPT had gapped up, pulled
back
[06:19 am] mikewd2 -: i guess data
was that good
[06:20 am] joeytsa :
was over $30 earlier, touched $28 a few
minutes back
[06:20 am] mikewd2 -: wasn’t
that good i meant
[06:21 am]
skydiver : AMRN take over is still
probable – from fly on the wall
[06:21 am]
gum : Mitch, can we get more then one
special chart in lighting at the same time
?
[06:22 am] mikewd2 -: sky did someone
back out on takeover?
[06:22 am]
skydiver : not sure mike — just quoted
the verbal on it from fly on the wall
— I’ll see if I can find anything
else
[06:23 am] mikewd2 -: ty
sky
[06:24 am] Ed : Not sure what you mean
by special chart but you can bring up more
than one chart for lightning
[06:24 am]
joeytsa : good morning Ed
[06:24 am]
Ed : good morning
[06:25 am]
skydiver : gm Mitch and Ed
[06:25
am] sman : gm everyone
[06:27 am]
doji : Good day fellas.
[06:27 am]
doji : just saying hellow
[06:27 am]
skydiver : gm doji
[06:28 am]
doji : hope you make a lot of money
today
[06:28 am] Ed : hey doji
[06:28
am] doji : Hi Ed
[06:28 am]
doji : see ya later… quite busy at
the office
[06:28 am] doji : have a
great and profitable day
[06:28 am]
joeytsa : bye doji
[06:28 am] Ed :
alright, thx
[06:29 am] taco :
thanks doji
[06:29 am] mikewd2 -: a push
over 555.60 area on AAPL should be bullish
sign – i think
[06:29 am] elisha :
Good Morning Mitch, Ed and everyone
[06:30
am] joeytsa : watching LULU
[06:31
am] sman : CMTL
[06:32 am] mikewd2
-: AAPL moving
[06:32 am] joeytsa :
1416-1419 ES range, look for a break either
way
[06:32 am] joeytsa : thats the
R1/R1 range
[06:34 am] joeytsa :
watching BIDU for bottom
[06:34 am]
mikewd2 -: watching FST, lower priced stock
and vol
[06:35 am] joeytsa : keeping
ATHN on radar..nice move yesterday
[06:35
am] sman : AET
[06:36 am]
joeytsa : great call on PANW
[06:39
am] joeytsa : nice on NFLX 🙂
[06:39
am] joeytsa : BIDU trying to hold
$88
[06:40 am] joeytsa : nice ES
pullback
[06:40 am] taco : watching
AKAM
[06:40 am] qwert :
SWHC
[06:41 am] Ed : i actually like
trading ES now thx to you joey
[06:41 am]
mikewd2 -: House Speaker Boehner schedules
press conference for 11 am ET
[06:41 am]
Ed : thx mike
[06:41 am] joeytsa :
good Ed, did you get that jobs #
play?
[06:42 am] Ed : i did and the
short
[06:42 am] joeytsa :
🙂
[06:42 am] taco : ya good insight
joey
[06:43 am] qwert : Later when
you have time please explain ES play i just
watched this am and trying to learn
[06:44
am] joeytsa : qwert: i will re-link the
article later
[06:44 am] sman :
DECK
[06:44 am] qwert : okay thanks
joey
[06:44 am] joeytsa : i actually
bracketed the price
[06:45 am] Ed : nice
breakout on DECK
[06:45 am] joeytsa
: ES held that R1 level posted
earlier
[06:46 am] joeytsa : CAT
slow steady up
[06:47 am] joeytsa :
AMZN lod
[06:47 am] joeytsa : COO
spike
[06:47 am] joeytsa : BIDU into
res, tighten if long
[06:49 am]
qwert : Watching FCX
[06:50 am]
khall : consumer sentiment coming out
in about 4 mins.
[06:50 am] joeytsa
: thx khall
[06:51 am] joeytsa :
yeah the UofM #’s
[06:52 am] joeytsa
: AAPL lod, NFLX pulled back
[06:53 am]
joeytsa : DECK still strong
[06:53
am] skydiver : DECK – rumors –
pop up came up on my fly on the wall
—
[06:53 am] sman : MAN
[06:54
am] joeytsa : decent bounce on
LULU
[06:55 am] joeytsa : watching
ATHN to see if it breaks from $72/73
range
[06:56 am] joeytsa : markets
not doing anything with UofM #
[07:01 am]
mikewd2 -: DECK turning over
[07:01 am]
lisas : interesting, mine didn’t signal
yet
[07:02 am] skydiver : nor mine
lisas
[07:03 am] lisas : now it
did
[07:03 am] skydiver : mine just
popped up too on one minute
[07:03 am]
lisas : ok
[07:05 am] joeytsa
: BIDU same pattern as yesterday. drop,
bounce, pullback to higher low, then
up
[07:06 am] joeytsa : AAPL at prev
cl
[07:06 am] joeytsa : ES testing
R1 res
[07:07 am] mikewd2 -: markets
helping AAPL
[07:07 am] skydiver :
great lesson Mitch – thnx
[07:08 am]
joeytsa : very nice
[07:08 am]
joeytsa : nice move on BIDU
also
[07:09 am] go4it : thanks for
LULU!
[07:10 am] khall : about those
settings….
[07:10 am] khall : I
still don’t have a sell signal on AAPL 1
min
[07:10 am] joeytsa : AAPL
pullback to prev cl
[07:10 am] lisas
: me either khall
[07:11 am] joeytsa
: Mitch, are you on dsl, T3?
[07:12 am]
jsn13 : Mitch, did u use Calculate on
Bar Clsoed = True?
[07:12 am] jsn13
: i mean False….so more sensitive
[07:12
am] joeytsa : nice
[07:13 am]
joeytsa : crazy
[07:13 am]
lisas : how to check pc speed, mine is
2.80 ghz in properties
[07:13 am] Ed
: http://www.speedtest.net
[07:14
am] taco : i just got sell on 1 min
apple
[07:14 am] cowboyh : same here
Taco
[07:14 am] joeytsa : well worth
the money
[07:15 am] jsn13 : Mitch,
I think u r using the Calculate on Bar Closed
= False settings….If not, it is quite
impossible that we will get our 1st signal
that late….
[07:15 am] taco : ping
is 16ms, download is 15.4 up is
1.05Mbps
[07:15 am] taco : thanks
Ed, is that good?
[07:15 am] lisas :
My Ping was 16ms, download 19.8, upload 4.35
mbps
[07:16 am] taco : what needs to
be faster?
[07:16 am] doji : hahahah
mine is 25ms, download 18.3, download
1.03
[07:17 am] Ed : alright will do
Mitch
[07:17 am] skydiver : good to
know for speeds on internet – thnx
[07:17
am] lisas : not sure mitch, maybe we
can go over this later, I realize market
still moving some
[07:19 am] doji :
Buy sungal in APPL 1min
[07:19 am]
doji : me too Mitch
[07:19 am]
taco : my buy signal is in
sink
[07:20 am] skydiver : having 8
lightning charts open at same time — is that
too many?
[07:21 am] joeytsa : 8
charts probably drive you crazy with suzie
signal though
[07:21 am] skydiver :
🙂
[07:21 am] joeytsa : i have 3 up,
she talks more than my wife haha
[07:22
am] skydiver : gotcha joey — I have 8
up 4 1one minute and 4 2 minute
[07:23 am]
Ed : thx Mitch, I reversed went short for
quick profit
[07:24 am] doji : sell
in APPL 1min
[07:24 am] joeytsa :
reminder: boehner speaking top of
hour
[07:25 am] joeytsa : thanks
Mitch
[07:25 am] sman : ASPS – low
vol
[07:25 am] skydiver : yes Mitch
— and thansks
[07:25 am] joeytsa :
trades like that can make your month if
played correctly
[07:26 am] qwert :
watching VNTV
[07:27 am] joeytsa :
AAPL to test $540
[07:28 am]
skydiver : nice Mitch – thnx for
lightning showing up — I can compare mine to
it
[07:29 am] taco : yes thanks,
def. diff signals
[07:29 am] taco :
is it upload or download that is slow on
mine?
[07:29 am] lisas : what’s your
computer’s speed?
[07:30 am] Ed : my
sppeed test 42.76 mps download,
27.10mps upload and 10ms ping
[07:30 am]
taco : 16Mbps down, 1 up
[07:30 am]
skydiver : okay — going to bump up my
internet speed – mine is too slow
[07:30
am] taco : good to know thank
you
[07:30 am] lisas : what internet
do you have Ed?
[07:30 am] skydiver
: I think Ed had God speed internet
[07:30
am] skydiver : has
[07:31 am] Ed : i
have fios by verizon
[07:31 am]
skydiver : very nice Ed — thnx for
info
[07:31 am] mikewd2 -: APPL trying to
bounce off PP
[07:31 am] Ed : even if yo
have others you can get them to bump it
up
[07:32 am] lisas : yeah, they
stopped about 3 blocks on install in our
neighborhood about 3 years ago
[07:32 am]
mikewd2 -: fail thru
[07:32 am]
skydiver : souinds like you need to
move lisas 🙂
[07:32 am] taco : nice
on ASPS sman
[07:32 am] qwert : with
charter cable i have ping 11ms 100.71
download and 5.27 upload
[07:32 am]
joeytsa : ALXN weak
[07:32 am] Ed :
ASPS was nice one
[07:32 am] Ed : nice
qwert
[07:33 am] lisas : What’s your
actual computer speed?
[07:33 am]
qwert : where do you see that
lisa
[07:34 am] sman :
CTRX
[07:34 am] lisas : yes, but
what’s realistic for us?
[07:35 am]
lisas : Mine is 2.8 ghz, I count 8
cores
[07:35 am] lisas : News to me
Mitch, lol:)
[07:36 am] lisas : now
you realize, I’m close to NY than you, that
makes a difference right, lol
[07:37 am]
taco : perf buy signal
[07:37 am] Ed
: been great trading stock today
[07:46
am] scalpman : sell 1/2 AAPL L ///wow
Thanks…I got a get me one of
these!
[07:46 am] scalpman : Sell
1/4 AAPL L
[07:47 am] taco : i see
the candles forming as the price moves too
cool
[07:47 am] qwert : watching
FRAN
[07:47 am] scalpman : All out
AAPL L
[07:48 am] skydiver : nice
scalp
[07:48 am] taco : nice
one
[07:48 am] Ed : nice trading Mr.
scalpman
[07:49 am] scalpman : Thank
you, yes mitch please do…
[07:49 am]
skydiver : yes Mitch – thnx
[07:50
am] taco : ah right
[07:50 am]
qwert : hahaha
[07:51 am]
skydiver : 🙂
[07:51 am] Ed : more
like 35
[07:52 am] qwert :
hahaha
[07:52 am] Ed : lol
[07:52 am]
taco : lol
[07:52 am] scalpman
: Let’s do another!
[07:52 am] Ed :
ooops
[07:52 am] qwert :
ahahaha
[07:52 am] skydiver :
hahahahah
[07:53 am] scalpman :
…just for learning purposes!
[07:54 am]
scalpman : 5 minutes..
[07:57 am]
joeytsa : GS trading near lows, see
what happens as we get closer to
boehner
[07:58 am] qwert : Joey when
you have time can you explain here or on
facebook your bracket ES trade from this
am
[07:58 am] scalpman :
I’m…..back! (I’ve been doing Independence
Day lines)
[07:59 am] joeytsa : no
prob qwert
[07:59 am] lisas : ditto
qwert
[07:59 am] lisas : thanks
joey
[07:59 am] joeytsa : i expected
a pop on the ES with the job #, wasnt sure
which way
[07:59 am] sman : YNDX –
15 min looks nice
[07:59 am] joeytsa
: had a buy order above, sell order
below
[07:59 am] joeytsa : once 1
triggered i cancelled the other..nothing
fancy
[08:00 am] qwert : sounds like
a good idea how far away do you place the
orders from current price
[08:00 am]
joeytsa : i put mine at 1408,
1411
[08:01 am] skydiver : nice joey
—
[08:01 am] lisas : you can place
those in TS Joey so they automatically cancel
the one not filled on a breakout
order
[08:01 am] joeytsa : boehner
speaking
[08:01 am] scalpman :
PANL
[08:01 am] joeytsa : correct
lisa
[08:01 am] mikewd2 -: boehner
talking
[08:01 am] lisas : I use
those, otherwise I might forget to cancel
other
[08:02 am] joeytsa :
🙂
[08:02 am] mikewd2 -: markets
tanking
[08:02 am] skydiver : must
be good news
[08:02 am] joeytsa :
strategy usually works on any major upcoming
news
[08:02 am] skydiver : tanking
markets
[08:06 am] mikewd2 -: markets have
been bouncing back after these guys quit
talking,
[08:06 am] lisas : I’ve sim
traded it on tnotes for a long time, usually
does well.
[08:06 am] joeytsa :
qwert: here is that article i linked
yesterday…
[08:06 am] skydiver :
interesting mike
[08:06 am] joeytsa
:
http://www.shadowtraders.com/Articles/Advanta
ges%20of%20Futures%20Trading%20Over%20Stock%2
0Trading.html
[08:07 am] joeytsa :
lisa: do you trade the ZB/ZN?
[08:07 am]
joeytsa : ALXN still trying to find a
bottom
[08:08 am] lisas : I did for
a while, still track some specific set
ups.
[08:08 am] joeytsa :
gotya
[08:09 am] lisas : I still
watch for “tell” on what markets are doing
also
[08:09 am] joeytsa : nice..just
“tell” us 😉
[08:09 am] qwert
: Thanks Joey good article
[08:09 am]
lisas : funny, ok
[08:10 am]
joeytsa : no prob qwert
[08:10 am]
lisas : If anyone plans on trading
them, they need to keep close track of
auctions. Not on some news
services.
[08:11 am] joeytsa : good
point
[08:12 am] scalpman : PANL S @
27.00
[08:13 am] scalpman : cover
1/2 PANL S
[08:14 am] taco : nice
one scalp
[08:14 am] scalpman :
Cover another 1/4 PANL S
[08:14 am]
scalpman : holding last piece
near b.e.
[08:15 am] lisas : Mitch,
I’ve noticed that Lightning give buy signals
on new HOD sometimes. Have you been trading
those? For example APC right now 1m
[08:15
am] scalpman : TS scanner works pretty
well. I wish I could fine tune it. No
parameters…but it finds rapidly rising,
rapidly falling…
[08:16 am]
scalpman : Trailing down on PANL
S
[08:16 am] mikewd2 -: SPY trying to
bounce
[08:16 am] scalpman : all out
PANL S
[08:17 am] scalpman : 2 for 2
today…
[08:17 am] joeytsa : nice
trading scalp
[08:17 am] scalpman :
waiting for the good ones!
[08:17 am]
scalpman : Thanks Joey!
[08:17 am]
skydiver : way to go scalp
[08:17
am] scalpman : Thanks
skydiver
[08:18 am] joeytsa : good
plan, let them come to you
[08:18 am]
Mitch K:
http://www.youtube.com/watch?v=I4U6T_BB1N8
[08:18 am] Mitch K: i am not recommending
doing this at all, usually ends in
death
[08:19 am] joeytsa : for sale
: 1 parachute, never opened, small
stain 🙂
[08:19 am] Mitch K:
lol
[08:19 am] lisas : scalpman,
there is a way to set up customized scanners,
saw class ages ago, so dont’ remember how.
It’s on my very long “to do” list,
lol
[08:20 am] joeytsa : scanners on
what program?
[08:21 am] joeytsa :
that looks like a lot of fun Mitch
[08:21
am] scalpman : Yes lisas, I used to use
the Etrade scanner…it was programable. But
I couldn’t get to do the “rapidly” rise or
fall as well as TS…
[08:22 am]
scalpman : I close my etrade
account…wasn’t useful.
[08:22 am]
scalpman : closed
[08:23 am]
joeytsa : Mitch have you ever seen this
one…
[08:23 am] scalpman : But
with the TS Hot Picks..I look at last and
volume….and just eyeball the one with 750K
shares and range from 10 or above
[08:23
am] joeytsa :
http://www.youtube.com/watch?v=2A_h2AjJaMw
[08:24 am] joeytsa : makes my feet
sweat watching haha
[08:24 am]
scalpman : HCA
[08:24 am]
scalpman : RIMM
[08:26 am]
scalpman : FRAN
[08:26 am]
lisas : scalp, have about 6 hot lists
open, gappers, up, down, nyse, nadsac. Copy
symbol column to radarscreen, then sort by
price, delete the low price, then sort by
percent move, delete low percent moves, then
left with some pretty good ones. Then I can
put indicators in radarscreen with
alerts
[08:27 am] scalpman : Lisas,
post one or more if they appear
interesting.
[08:27 am] joeytsa :
nice lisa
[08:28 am] scalpman :
NG?
[08:28 am] lisas : I didn’t set
it up today scalp, trying to focus on
Lightning, I’m getting too many things going
to keep track of, lol. Corn’s had a nice move
down though
[08:29 am] scalpman : I
passed on NG
[08:29 am] joeytsa :
scalp passed natural gas, i guess sky bought
him a taco
[08:29 am] scalpman :
ha
[08:30 am] lisas : and then some
people, I won’t mention by name keep posting
videos to distract us!!!!!
[08:30 am]
scalpman : No…taco did!
[08:30 am]
taco : )
[08:30 am] scalpman :
RIM dropping
[08:30 am] scalpman :
RIMM
[08:31 am] joeytsa :
🙂
[08:31 am] sman : TSN
[08:31
am] skydiver : just read your post on
Taco — too funny joey
[08:32 am]
lisas : yes:)
[08:32 am] lisas
: APC gave good signal
[08:33 am]
scalpman : cover 1/2 RIMM S
(1%)
[08:34 am] victor51 : Mitch/Ed
thanks RGR L. Lightning gave buy and sell
alert pretty good. Buy was at the bottom of
red zone. Nice ride
[08:35 am]
scalpman : Thanks mitch I figured that
when the stock chart looked pretty
bleak.
[08:37 am] Ed : nice vic on
RGR
[08:37 am] scalpman : I on my
3rd trade with RIMM
[08:38 am]
scalpman : .not much money maybe 1% but
the signal looked good with a 2nd lower
high.
[08:39 am] scalpman : ..see if
it can break 12.0
[08:39 am]
scalpman : stopped b.e. for last
1/2
[08:41 am] qwert : joey on your
ES trade this am what kind of order do you
use buy stop or buy stop limit
[08:42 am]
joeytsa : i just did a buy
stop
[08:42 am] joeytsa : limit
always safer
[08:42 am] qwert : okay
thx
[08:44 am] joeytsa : nice on
CTXS
[08:48 am] victor51 : Will not
be with you all next week. Will be with my
brother on East who is just diagnosed with
cancer.
[08:49 am] taco : sorry
tohear victor
[08:49 am] skydiver :
will keep you both in our prayers
victor
[08:49 am] taco : what
kind?
[08:49 am] khall : I’m so
sorry victor
[08:50 am] qwert :
prayers going your his way Victor
[08:50
am] scalpman : Cover 3/4 CTXS
S
[08:50 am] lisas : sorry to here
Victor
[08:50 am] taco : nice
scalp
[08:50 am] qwert : lovin CTXS
thx mitch
[08:52 am] skydiver : yes
— I got into CTXS a bit late — s CTXS
61.71
[08:52 am] scalpman : All out
CTXS S
[08:52 am] skydiver : all out
of CTXS s
[08:53 am] Ed : nice trading on
CTXS
[08:57 am] scalpman : Cover
another 1/4 RIMM (1%)
[08:58 am]
victor51 : Thank you all for your
thoughts and prayers.
[08:58 am]
skydiver : lulu – monitoring
[08:58
am] scalpman : WPRT
[08:59 am]
scalpman : ..light volume on
WPRT
[08:59 am] scalpman :
LULU
[08:59 am] Ed : sorry to hear
vic
[08:59 am] scalpman :
oh…skydiver posted.
[09:01 am]
skydiver : no problem scalp
🙂
[09:04 am] scalpman : All out
RIMM S 0.58% on last piece
[09:05
am] scalpman : Time to go…4/4
today…thanks for excellent trading
ideas..
[09:05 am] elisha : just saw
your post vic, very sorry about your
brother. Will add him to my prayer
list. What is his name?
[09:05 am]
scalpman : I have NINJA and ordered
Kinetic data feed today…for
stocks…
[09:06 am] scalpman :
Looking forward to Lightning sim trades next
week.
[09:07 am] skydiver : see ya
scap and good work . . enjoy the
week-end
[09:08 am] scalpman :
Thanks skydiver.
[09:08 am] scalpman
: Bye guys have a great weekend!
[09:09
am] taco : bye scalp good
trades
[09:09 am] scalpman :
Bye taco
[09:09 am] scalpman :
Scalpman has left the building!
[09:16 am]
jsn13 : qwert, are u here?
[09:19
am] qwert : yep im here jsn
[09:20
am] jsn13 : did u take the CTXS short?
what was ur entry price? was thta ur only
entry?
[09:20 am] qwert : yes at
61.95
[09:21 am] qwert : yes only 1
entry
[09:21 am] chinhngo : short
ctxs at 61.64
[09:22 am] chinhngo :
ctxs lightning chart at buy signal
[09:23
am] jsn13 : qwert, is there a signal at
8.45 pst to short for CTXS?
[09:25 am]
chinhngo : 9.20pstime ctxs have sell
signal at 1 minute
[09:25 am] qwert
: Its a news mover so to me its based on
action
[09:26 am] chinhngo : qwert
what is the new of ctxs
[09:27 am]
qwert : dont know 🙂
[09:28
am] jsn13 : qwert, so 8.45 is too early
of an entry for u? and the signal only came
in at 8.46pst and entry at 8.47pst?
[09:29
am] sman : Z
[09:32 am]
skydiver : Z shows rumor of take over
speculaton — sorry so late on this
news
[09:32 am] murano :
NCR
[09:34 am] skydiver : I hava a
buy signal for apple on one minute
[09:34
am] skydiver : aapl
[09:34 am] Ed :
just recall that we are in downtrend so be
nimble if you counter the trend
[09:35 am]
skydiver : thnx for reminder Ed . . .
just finished ordering faster internet
service — have to wait for new modem to be
shipped to me
[09:35 am] Ed :
cool
[09:35 am] reshef :
ABT
[09:35 am] qwert : nice
sky
[09:35 am] skydiver : want to
make sure Lilghtning works well . . my
computer is fast . . but slow
internet
[09:36 am] Ed : thats like having
a race car getting on too jam packed highway
of traffic
[09:37 am] skydiver : yes
Ed . . I love seeing a local
lamburginni stuck in traffic
[09:37 am] Ed
: lol
[09:37 am] skydiver : we’re
moving arouind 5 miles per hour and there it
is . . . in all it’
[09:37 am]
skydiver : it’s glory
[09:37 am]
skydiver : 🙂
[09:37 am] taco
: haha
[09:37 am] skydiver : of
course the owner isn’t smiling
[09:39 am]
jsn13 : ed, i have q uestion on CTXS
short just now at around 11.45 est….r u
free now?
[09:39 am] taco :
https://www.youtube.com/watch?v=d2RrqIUu_mE[09:40 am] taco : may have been
posted b4
[09:40 am] Ed : ask and will try
to respond while scanning
[09:42 am] Ed :
whats ur question
[09:42 am] jsn13 :
ok thanks….I took an aggressive entry at
11.45 est at 61.95….and got stopped out of
course….i took it absed on 11.45 huge price
and voluem bar with the upper shadow….tot
it has exhausted….so my question is, is the
entry too early?
[09:43 am] jsn13 :
i mean the 11.44est huge bar…
[09:43 am]
chinhngo : buy cover ctxs thank
mitch
[09:44 am] jsn13 : and why did
u enter at 11.47 est?
[09:44 am]
joeytsa : victor: just saw your post,
prayers sent
[09:45 am] Ed : all about the
art, if u took it there with stop above HOD,
you would have been stopped, and at that
point u could make a choice to take 1more
short if u get signal or just look for next
setup. Its just sometimes it works at
sometimes not
[09:46 am] doji : Back
to the room fellas
[09:46 am] Mitch K:
good job chingo
[09:46 am] joeytsa :
ADT small spike
[09:46 am] doji : I
forgot to mention that I bought FSLR puts…
see the daily… all the move has been on
lower volume… that is not
sustainable
[09:48 am] jsn13 : ed,
so the reason u short at 11.47 est is? the
only thing that i feel that the entry was too
aggressive was that I don’s have a clear S/R
level with me…
[09:49 am] Ed : i was
responding to ur question jsn, u meantioned u
took it short there
[09:50 am] Ed : if u
feel u dont have the edge on particular
setup, its alright to pass
[09:52 am]
jsn13 : yup understand….after that i
added another question…ok so may i know the
context u used that signaled to u CTXS has
exhausted itself at 11.46 and there was no
signal at 11.44?
[09:53 am] chinhngo
: bought ctxs at 60.88
[09:53 am]
jsn13 : i mean the real singal at 11.47
not 11.46est…sorry…
[09:54 am] Ed : I
nver stated it exhausted itself, was just
trying to get u too look at the simplistic
part of the trade and not
overanalyze
[09:55 am] Ed : example,
stocks did not get pass 62.50, so in putting
on trade u know or should where u want ur
stop to be and potential profit, if it makes
new high u should be out of trade stand aside
and reasses
[09:55 am] Ed : thats the
simplistic part Im speaking of
[09:56 am]
jsn13 : ok thanks…maybe i should have
reentered….right, i wont enter if i have no
stop….
[09:57 am] taco : in sim i
entered at 11:47 ’cause prev 2 candles
matched and mine didn’t go too far (the one i
entered on )
[09:57 am] taco : much
further
[09:58 am] reshef :
FDO
[09:58 am] jsn13 : taco, so what
was ur signal for entry?
[09:59 am]
taco : basically that 11:47 didn’t make
a lot bigger high
[09:59 am] joeytsa
: tighten ADT if short
[09:59 am]
taco : and i breathed easier when next
candle was red otherwise stop was
waiting
[09:59 am] taco : to
reassess
[09:59 am] taco :
etc..
[10:00 am] taco : and nearby
highs were only 62.70 in days b4
[10:00
am] jsn13 : ok thanks…..nice
explanation….
[10:01 am] taco :
np
[10:01 am] Ed : good observation taco,
those are things that allow u to see bigger
pic, 1 did not reach prev. high of 62.70 and
today 62.48 was high, so going from larger to
smaller view 15min to 1min, making lower
high
[10:01 am] taco : plus a
downtrending stock as well
[10:02 am] Ed :
so with those in mind, then matter of waiting
on good setup to get on the train
[10:03
am] taco : i’m working on building my
belief database up each time i do
better
[10:04 am] Ed : thats
great
[10:04 am] taco : i liked your
guys’ play on that 5:1 stock “no brainer”
yesterday
[10:05 am] jsn13 : ok
nice….took too early of an entry…i guess
i should really have waited for the price to
go closer to prior high….
[10:05 am] Ed
: right just goes to show not about
right/wrong its all about the odds
[10:07
am] sman : SBS – low vol
[10:07 am]
jsn13 : im just look for ways to reduce
my mistakes…..fine tuning my judgement of
odds…..
[10:11 am] joeytsa : Z
selling off
[10:11 am] joeytsa :
about $1 so far
[10:13 am] doji :
Nice FSLR…
[10:14 am] doji :
playing puts… no shorts available in
TDA
[10:14 am] regatta : watching
SWHC
[10:15 am] joeytsa : doji: are
the puts moving enough to give a decent
profit?
[10:15 am] doji : It;s a
swing trade for me Joey
[10:16 am]
joeytsa : ahhh, gotya
[10:16 am]
joeytsa : yeah Mitch, guessing a lot of
cash on the sidelines?
[10:17 am]
joeytsa : looking for a place to put
it
[10:18 am] doji : APPL 2min sell
signal
[10:20 am] reshef :
AGU
[10:21 am] joeytsa : low vol, be
careful
[10:22 am] doji :
FB
[10:23 am] joeytsa : ACAT, low
vol, but $2 move
[10:26 am] doji :
Did anyone short FSLR? There are no shares in
TDA
[10:26 am] joeytsa : none at TS
or LS either
[10:27 am] joeytsa :
ACAT has been around ahile
[10:27 am]
joeytsa : some family runs an Arctic
Cat dealership in Michigan
[10:28 am]
joeytsa : big on snowmobiles
[10:36
am] chinhngo : SHORT M AT 39.33 sell
signal
[10:37 am] Ed : was not much
movement in M, chin
[10:37 am] qwert
: watching SPRD
[10:38 am] reshef :
SPRD
[10:39 am] chinhngo : ed thank
i will pay more attention about
movement
[10:39 am] sman :
EVEP
[10:39 am] sman : DDS
[10:40
am] Ed : good deal
[10:44 am] reshef
: NETS
[10:44 am] reshef :
NTES
[10:44 am] sman :
SHLD
[10:53 am] chinhngo : BOUGHT
SPRD AT 16.15 BUY SIGNAL
[10:55 am]
doji : Chingo, I don’t see the
acceleratioon in price on SPRD…it has been
dripping steadily
[10:56 am] reshef
: YOKU
[10:57 am] reshef :
WPRT
[11:11 am] joeytsa : ES very
choppy/tight range
[11:12 am]
joeytsa : slightly lower highs on the
ES, but still in that tight range
[11:15
am] joeytsa :
https://www.youtube.com/watch?v=VaR_fZsgW_s[11:15 am] joeytsa : short video to
watch afterhours
[11:16 am] joeytsa
: decent advice…some of the other videos in
the catalog are decent too
[11:16 am]
taco : thanks joey
[11:16 am]
joeytsa : especially for newer
traders
[11:17 am] joeytsa : also
the t3live free course has some great
info
[11:17 am] joeytsa : take lots
of notes, study then look at charts
[11:18
am] joeytsa : Mitch always says to
study charts…great advice
[11:18 am]
joeytsa : you start getting that
“pattern recognition” skill
[11:22 am]
joeytsa : chin: you still in CTSX, if
so, nice trade
[11:22 am] joeytsa :
CTXS i mena
[11:27 am] doji : FB
spiking
[11:27 am] sman :
DISH
[11:29 am] joeytsa : NG beed
trending down alsmot 4 hours now
[11:29
am] joeytsa : watching TCK
[11:30
am] joeytsa : low vol until last 10
minutes
[11:30 am] joeytsa : chart
re-scaled sorry
[11:31 am] taco :
LCC moving up again
[11:31 am]
chinhngo : sold sprd
[11:31 am]
qwert : now is good for me
[11:32
am] joeytsa : think so Mitch
[11:32
am] qwert : yes
[11:32 am]
skydiver : sounds good Mitch . yes one
minute chart
[11:33 am] qwert : yes
thats the time
[11:34 am] skydiver :
SPY moving
[11:34 am] sman :
PSX
[11:35 am] skydiver : well Mitch
– mine shows buy signal aaron at 737am as
well
[11:35 am] qwert : i have
7:37pst price of 538.28
[11:36 am]
skydiver : gotcha Mitch — ok
[11:36
am] skydiver : AAPL jumped
[11:36
am] skydiver : Shows buy signal Mitch –
green aarow
[11:37 am] taco : buy
545.12
[11:37 am] skydiver :
yes
[11:37 am] taco : yes
[11:38
am] skydiver : that is correct Mitch ..
however .. looking back in histroy it is npw
showing
[11:38 am] skydiver :
now
[11:38 am] skydiver : I don’t
recall it showing earlier
[11:38 am]
cowboyh : thats right Mitch my internet
speed is about like a heard of
turtles
[11:39 am] taco :
ok
[11:39 am] skydiver : ok got
it
[11:39 am] taco : true
[11:39
am] doji : True
[11:39 am]
skydiver : True
[11:40 am]
skydiver : ok
[11:40 am]
joeytsa : do you like False
better?
[11:40 am] skydiver : maybe
it will help on slower internet
connectons? I ordered much faster
interent modem coming next week
[11:41 am]
joeytsa : good to know,
thanks
[11:41 am] doji : Mine
triffered at the same time as you
Mitch
[11:41 am] skydiver :
understand Mitch — ok
[11:43 am]
joeytsa : Mitch: have you tried putting
2 charts side by side with 1 set to True, the
other to False?
[11:43 am] joeytsa :
nice pullback on NFLX
[11:44 am]
skydiver : good info Mitch — looking
forward to faster internet soon
[11:44 am]
joeytsa : perfect, thank you
[11:44
am] skydiver : I’lm keeping my setting
at True then 🙂
[11:45 am] joeytsa :
i think True is the default
[11:45 am]
skydiver : undertood – still learning
and getting used to the system
[11:46 am]
joeytsa : i think it is, but my charts
were already set to True before i installed
Lightning
[11:46 am] sman :
CBMX
[11:47 am] joeytsa : I also
think with Ninja, you can replay market
action at a faster speed, to help you get
quicker etc
[11:48 am] joeytsa :
never tried it though
[11:48 am]
joeytsa : gets you to practice making
faster decisions
[11:48 am] skydiver
: good to know – will practice
🙂
[11:49 am] skydiver : thnx
Mtich
[11:49 am] joeytsa : youtube
rocks..all of the Lightspeed webinars are
there also
[11:50 am] skydiver :
thnx Joey as well 🙂
[11:50 am]
joeytsa : Market Replay,,
file>connect
[11:51 am]
joeytsa : also under file is a “flatten
everything” button, and there is also a way
to have all positions automatically closed at
a certain time
[11:51 am] joeytsa :
cant recall how to do it, but set mine up
after i ended up with an overnight position
unknown to me last year
[11:52 am]
joeytsa : accidently hit a button and
ended up with a position on the ZN, woke up
next morning in a sweat haha
[11:52 am]
skydiver : not fun
[11:53 am]
skydiver : CBMX sell signal on one
minute
[11:53 am] joeytsa : i just
never take the time to dig into the
platforms…so much they can do
[11:56 am]
aussie123 : ES simply stuck at
1415.25
[11:56 am] taco : no shorts
allowed CBMX
[11:56 am] joeytsa :
yeah, R1 is 1415, darvis support at
1415
[11:56 am] taco : for yesterday
and today
[11:57 am] taco : is that
normal?
[11:57 am] taco :
thanks
[11:57 am] regatta :
NXY
[11:59 am] joeytsa : CBMX huge
move though
[11:59 am] joeytsa :
must have had some type of news, low was the
open $1.97
[12:00 pm] joeytsa :
maybe pumped by some crappy penny stock
forum
[12:00 pm] aussie123 : Thanks
Joey…must be doing something wrong …I
have R1 @ 1416
[12:01 pm] joeytsa :
sorry it is 1416, wrote it wrong
[12:01
pm] joeytsa : darvis range
1415-1417
[12:01 pm] aussie123 :
Thanks again
[12:01 pm] taco : will
check mon if shorts are allowed
[12:02 pm]
joeytsa : probably wont be
taco
[12:02 pm] elisha : Joey, would
you mind telling me what is the”t3 live free
course” you were referring to
earlier?
[12:02 pm] joeytsa : great
course, lots of good info
[12:03 pm]
joeytsa : its at their
website
[12:03 pm] joeytsa : good
lessons on risk, volume, charts etc
[12:04
pm] elisha : Thank you . But who
is “they”?
[12:04 pm] joeytsa :
t3live
[12:04 pm] joeytsa : some of
the t3live guys do the Lightspeed
webinars
[12:05 pm] joeytsa :
http://www.t3live.com/
[12:05 pm]
elisha : Oooooh, thanks again. I
thought t3live was a typo. Feel kind of
silly
[12:05 pm] joeytsa : free
course, scroll down a bit, on right
side
[12:06 pm] joeytsa : when you
start combining lessons like that, with
lessons from Mitch, then using Lightning in
conjunction with s/r or patterns…you are on
a good path
[12:07 pm] elisha :
Thanks for the help joey. And all you
guys. I’m learning so much and hope to
be able to contribute at some point beyond
questions.
[12:08 pm] joeytsa : and
dont forget to study every lesson that Ed
gives, esp on price and candle
action/vol
[12:08 pm] elisha : I’m
doin that – take lots of notes. Mitch
and Ed are the bomb!
[12:09 pm]
joeytsa : you should see my
notebooks
[12:09 pm] doji : Joey on
“coaching” mode… thanks Joey…you are
really a master
[12:09 pm] joeytsa :
nah, just passing on info that might be of
help or interest
[12:10 pm] joeytsa
: plus saving you 100’s of hours of internet
searching hahaha
[12:11 pm]
joeytsa : best thing is that all the
info is free stuff
[12:12 pm]
chinhngo : mr mitch what broker you
suggest to use or you use to trade
[12:12
pm] chinhngo : with charles chwab i
paid 6.99 commission
[12:12 pm]
joeytsa : schwab has awful short
inventory
[12:13 pm] chinhngo : so i
can transfer to use your lightning
sofware
[12:14 pm] Ed : some in here like
how interactive brokers works with
ninja
[12:14 pm] doji : Hey Joey, do
you think we can drop from 100 hrs to let.s
say, 10 hours if you come to Rio?
[12:14
pm] chinhngo : mb what full
name
[12:15 pm] joeytsa : doji: what
i meant is spending time trying to find info,
not learn it 🙂
[12:15 pm] doji : We
spent 10 hours in trading lessons and the
other 490 in the carnival….
hahaha’
[12:16 pm] joeytsa : i used
MB Trading years ago, good company back then,
havent tried them in a long time
though
[12:16 pm] joeytsa : WDAY
slight breakout
[12:16 pm] joeytsa :
50-60cent move
[12:17 pm] chinhngo :
how much for commission
[12:17 pm]
joeytsa : not sure
[12:17 pm]
chinhngo : i have option express for
future
[12:17 pm] sman :
RY
[12:17 pm] joeytsa : check
website
[12:17 pm] joeytsa :
optionsxpress now owned by schwab
[12:17
pm] chinhngo : joeyyta help i need your
experience
[12:18 pm] qwert :
watching GWRE
[12:18 pm] doji :
Fellas, what does it mean when peploe says
“stocks XX has been pinned”?
[12:18 pm]
doji : Ed. Joey?
[12:19 pm]
joeytsa : means its pinned to a
price
[12:19 pm] doji : Got
it….
[12:19 pm] joeytsa : traders
not letting it get too far away
[12:19 pm]
doji : Like Apple at 530….
[12:19
pm] joeytsa : where most of the option
action is
[12:20 pm] joeytsa :
maybe, could be 540
[12:21 pm]
joeytsa : some traders do a “weekly
pin” trade
[12:21 pm] doji : Ok, the
price at where most of the volume
is
[12:21 pm] joeytsa : ie: if AAPL
is pinned at 530, sell expiring calls above
and expiring puts below
[12:22 pm]
joeytsa : chin, for you
http://www.mbtrading.com/
[12:22 pm]
joeytsa : decent prices it looks
like
[12:22 pm] doji : Short call
above and short puts below..got
it..
[12:22 pm] chinhngo : thank joy
how much for commission
[12:23 pm]
joeytsa : depends on the vehicle..its
all there
[12:23 pm] chinhngo : does
they have daly power margin 4 times
[12:23
pm] chinhngo : like chwab
[12:23 pm]
joeytsa : no clue, dont use them
anymore
[12:24 pm] chinhngo : joy
thank antway
[12:24 pm] joeytsa :
but if schwab does, i would think MB
would
[12:24 pm] Ed : yes chin, if ur
labled as day trader
[12:24 pm]
chinhngo : what is full name
of mb
[12:25 pm] joeytsa
: i linked it chin..scroll up
[12:25 pm]
joeytsa : 12:22 post
[12:25 pm]
joeytsa : nice on NXY
[12:25 pm]
chinhngo : i will search at
weekend
[12:26 pm] joeytsa : they
had the best features when i used them, would
think they are still top notch
[12:30 pm]
doji : Nice Ed…!
[12:30 pm]
joeytsa : be careful of a potential
halr
[12:31 pm] doji : Long
21.73
[12:32 pm] joeytsa : i wasnt
quick enough to exit short and grab the
long
[12:32 pm] joeytsa : was
worried about a halt
[12:32 pm] doji
: all out long at 24.1
[12:32 pm]
doji : Great!!!!!
[12:32 pm]
skydiver : humm =- tried to get a fill
at 21.76 — but missed it . . . nice
gus
[12:32 pm] skydiver :
guys
[12:32 pm] taco : nice
guys
[12:32 pm] qwert : nice
DOJI
[12:32 pm] Ed : its halted in canada
so be careful trading it now
[12:33 pm]
joeytsa : great long doji, Ed
[12:33
pm] joeytsa : ES back into R1
[12:33
pm] taco : GRPN jumping
[12:34 pm]
doji : nahhhh
[12:34 pm] Ed : nice
trading doji on NYX
[12:34 pm] doji
: Thanks Ed. I used the 200dMA as
support….
[12:34 pm] go4it : Geat
way to to end an already good day have a nice
weekend all
[12:35 pm] Ed : nice going
bruce, u get NYX trade
[12:35 pm] Ed :
sorry NXY
[12:35 pm] go4it : 70
cents:)
[12:35 pm] doji : I now I
just need APPL to close below 530 to keep
riding my puts next week
[12:35 pm]
joeytsa : nice bruce !!!
[12:35 pm]
Ed : nice
[12:36 pm] go4it : gotta
go bye
[12:36 pm] qwert : have a
great weekend bruce
[12:36 pm]
joeytsa : enjoy bruce
[12:36 pm] Ed
: have great weekend bruce
[12:36 pm]
skydiver : take care go4it
[12:36
pm] joeytsa : doji: nice catch on that
200ma
[12:36 pm] taco : take care
guys see you monday, great trading and
lesson
[12:37 pm] doji : Fellas hope
next week you have a wonderf anf profitable
time. I won’t trade as I am heading for a
business trip. I;ll try to connect to say
HOLA!
[12:37 pm] Ed : qwert ur SPRD stock
is bouncing
[12:37 pm] joeytsa : bye
taco
[12:37 pm] joeytsa : be safe
doji, need to schedule a trip to vegas
🙂
[12:38 pm] qwert : yeah i got out
earlier been kind of in weekend
mode for about the last hour but
got some NXY long
[12:38 pm]
doji : Joey, will send you an e-mail. I
am thinking in my next trip to Houston to go
to Las Vegas….
[12:38 pm] joeytsa
: sounds good
[12:38 pm] doji : In
February
[12:39 pm] doji : or
March
[12:39 pm] joeytsa : you
coming for my bd
[12:40 pm] doji :
Whe is it?
[12:40 pm] joeytsa :
2/18…just dont jump out of a cake
🙂
[12:41 pm] doji :
hahaah
[12:41 pm] murano :
IR
[12:41 pm] doji : YEs my and your
“present”
[12:41 pm] doji : me
and
[12:41 pm] joeytsa : interesting
move murano
[12:41 pm] doji : Really
fast Murano
[12:41 pm] joeytsa :
crazy vol too
[12:43 pm] joeytsa :
Ed: cant remember, on TS do you use the order
bar at top, or the quick trade bar
feature?
[12:43 pm] murano : Way to
fast
[12:44 pm] Ed : i use order
bar
[12:44 pm] joeytsa : agreed
murano
[12:44 pm] joeytsa : ok,
thanks
[12:44 pm] joeytsa : i just
cant see the spread good enough, thats way i
like the qt bar
[12:44 pm] Ed : i tried
quick bar, but dont like, maybe have not
given it enough time
[12:44 pm]
joeytsa : i need new eyes
[12:46 pm]
joeytsa : what was the NXY
news?
[12:46 pm] joeytsa : orders
flying again
[12:46 pm] Ed : none
yet
[12:46 pm] joeytsa :
hmmm
[12:46 pm] Ed : maybe jsn can help us
since he is in canada
[12:47 pm] Ed : any
news jsn on NXY
[12:48 pm] jsn13 :
not sure I dont have access to
tv….haha….I feel like I’m in U with u
guys…
[12:48 pm] jsn13 : i mean in
US…
[12:49 pm] Ed : Looks like news will
be released at 5:00pm in canada
[12:49 pm]
joeytsa : AAPL death cross on the
daily
[12:50 pm] elisha : is that
when the 200 and 50 mas cross?
[12:50 pm]
doji : YEs…
[12:50 pm]
joeytsa : correct elisha
[12:50 pm]
doji : That is why I bough some puts
yesterday….
[12:51 pm] elisha : do
i get an ice cream cone for that?
[12:51
pm] Ed : my favorite line by Denzel
Washington in “man on fire”, “I wish
you had more time”
[12:51 pm]
joeytsa : love that movie
[12:52 pm]
Ed : the ballards for some songs are great
also
[12:52 pm] joeytsa : i like
from Jaws ” we’re gonna need a bigger
boat” 🙂
[12:52 pm] Ed :
lol
[12:52 pm] joeytsa : thats doji
if AAPL keeps falling 😉
[12:52 pm]
qwert : man on fire awesome
movie
[12:55 pm] joeytsa : if AAPL
can rebound up to the 20ma, might set up
another great short
[12:56 pm] doji
: Ok fellas, time to go…. se ya in a
week!
[12:56 pm] joeytsa : bye doji,
talk soon
[12:56 pm] Ed : safe trip
doji
[12:57 pm] doji : Scalpab has
left the bui…… sory, Doji has left the
vuilding…. hahahaha
[12:57 pm]
joeytsa : enjoy your chippendales tour
🙂
[12:57 pm] doji : hahahah. Yes
Joey… that is waht I had in mind for your
birthday cake
[12:58 pm] joeytsa :
🙂
[12:58 pm] doji : See ya Ed,
Micth
[12:58 pm] joeytsa : doji as a
kid..
[12:58 pm] Ed : c ya
[12:58 pm]
joeytsa :
http://www.youtube.com/watch?v=fSBnNA_dHNU
[12:59 pm] joeytsa : Thanks Mitch,Ed,
traders..great calls today
[12:59 pm]
joeytsa : MXIM hit my scanner
Mitch
[12:59 pm] doji : hahaha good
one Joey.
[12:59 pm] joeytsa :
🙂
[12:59 pm] doji : Love you
brother…. have anice and healthy
weekend
[12:59 pm] joeytsa : Hope
everyone has a great weekend, see you
monday
[12:59 pm] joeytsa :
ditto
[12:59 pm] doji :
bye
[01:01 pm] joeytsa : Mitch: NG
nice move down past 5 hours
[01:02 pm]
joeytsa : Lightning gave signal aroudn
7:38pdt approx 3.677
[01:03 pm]
joeytsa : gave mulitple buy/sell..but
big move down
[01:03 pm] joeytsa : i
have the 5R up
[01:03 pm] joeytsa :
for some reason, i locked into the 5R on NG,
4R on CL
[01:04 pm] joeytsa : nice
money if you only played on the side of the
trend
[01:05 pm] joeytsa : shorting
each Lightning Sell, but avoiding the
reversals
[01:07 pm] joeytsa : would
give big profit on that trade
[01:07 pm]
joeytsa : you will keep working on it
until you only get winning signals
🙂
[01:08 pm] joeytsa : i like
Lightning on CL,NG using the overall
trend
[01:09 pm] joeytsa : short
peaks in down trend, buy dips in uptrend with
the according buy/sell signal
[01:09 pm]
joeytsa : ES i still like Lightning
chart on the 578, and using my own setting
for the 340t
[01:10 pm] joeytsa :
right, clean it up
[01:10 pm]
joeytsa : i have a really tight
bollinger on my 340, using it for s/r along
with a 4ma
[01:11 pm] joeytsa : more
for scalping ticks
[01:12 pm]
joeytsa : agree
[01:12 pm]
sman : MK – how did the signals for NXY
look on Lightning?
[01:12 pm]
joeytsa : yeah, scalping 2-3ticks isnt
for everyone
[01:14 pm] joeytsa :
Lightning + trading knowledge = a nice
combination
[01:14 pm] joeytsa : the
better the trader, the better Lightning will
be for them
[01:16 pm] sman : ok,
ready when u r
[01:16 pm] khall :
ditto
[01:17 pm] khall : so do you
have a delivery estimate on v2?
[01:17 pm]
joeytsa : honestly, i have always been
skeptical of auto buy/sell programs…but
liking the possibilities i am
seeing
[01:18 pm] joeytsa :
ok
[01:19 pm] joeytsa : 🙂
[01:20
pm] aussie123 : Son of a PUP
[01:20
pm] sman : yes, can I get a wider
view?
[01:20 pm] joeytsa : using the
5R?
[01:20 pm] khall : holy
moley
[01:20 pm] elisha : Is 5R a
stock setting?
[01:21 pm] sman : b 4
the drop, please
[01:21 pm] joeytsa
: i rarely look past the 1min
[01:21 pm]
joeytsa : on stocks
[01:23 pm]
joeytsa : Mitch: are you liking
Lightning on daily charts for swings/int
holds?
[01:23 pm] sman : very
cool
[01:24 pm] elisha : How much
time in a 5 R?
[01:24 pm] joeytsa :
can you pull up a daily of AAPL
[01:25 pm]
joeytsa : makes sense, good
idea
[01:25 pm] joeytsa : wow..you
would have gotten that entire drop
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