[06:16 am] Ed : .
[06:16 am] Ed : good
morning traders
[06:31 am] Mitch K:
watching RS for bottom
[06:31 am] Mitch K:
watching CYN for bottom
[06:33 am] Mitch
K: watching TIF for trades both ways, mostly
long
[06:33 am] Mitch K: watching KMT for
bottom
[06:33 am] Mitch K: watching MSM
for trades both ways
[06:34 am] Mitch K:
watching MCP for trades both ways
today
[06:34 am] Mitch K: watching for
shorts in NUS and HLF, NUS safer
[06:34
am] Ed : monitor NUS for trades
[06:34 am]
Mitch K: watching LNKD, for trending stock up
today
[06:35 am] Mitch K: watching CPT for
bottom
[06:35 am] Mitch K: monitoring
MKC
[06:35 am] Mitch K: watching TXI for
trades today
[06:36 am] Mitch K: watching
ISIS for top
[06:36 am] Mitch K: want a
little rebound first
[06:36 am] Mitch K:
watching URBN for short here
[06:36 am]
Mitch K: watching VMW for short
[06:36 am]
Mitch K: watching COH closely for
bottom
[06:36 am] Mitch K: watching KORS
for bottom
[06:37 am] Mitch K: monitoring
HAR
[06:37 am] Mitch K: watching NXPI for
top
[06:38 am] Mitch K: watching LVS for
bottom
[06:38 am] Mitch K: watching MSM
for bottom
[06:40 am] Ed : SPY new
lod
[06:41 am] Mitch K: watching DDD for
bottom
[06:43 am] Mitch K: watching MDVN
for bottom
[06:45 am] Mitch K: monitoring
USNA
[06:46 am] Mitch K: watching AAPL for
bottom here
[06:46 am] Mitch K: watching
PWE for bottom, take time
[06:47 am] Ed :
monitoring TSO no hurry
[06:48 am] Mitch
K: watching TSO for top
[06:49 am] Ed :
SPY new hod
[06:50 am] Mitch K: watching
ELLI for bottom, taking time
[06:51 am]
Mitch K: watching USNA for bottom
[06:54
am] Mitch K: watching JOY for micro
short
[06:55 am] Mitch K: watching VOXX
for trades both ways
[06:58 am] Mitch K:
watching CPA for short on top of bounce,
missed bottom
[07:02 am] Mitch K: working
twice as hard today
[07:07 am] Ed :
continue to monitor HLF/NUS for
trades
[07:08 am] Mitch K: no sell signal
on TXI yet, scalp of the day for
sure
[07:16 am] Mitch K: the float on TXI
is 12.5 million shares, which isnt
much. that explains why the volatility
is high.
[07:16 am] Mitch K: although the
beta reading is 1.0, whihc means it is not
higher volatility than market
indexes
[07:17 am] Mitch K: NUS and HLF
kicking out good trades
[07:18 am] Mitch
K: i mean trending up, not a fashion
statement
[07:18 am] Mitch K: MSM looks
trendy
[07:20 am] Mitch K: consider
reducing TXI if long
[07:20 am] Mitch K:
start watching HLF for long entry,
bottom
[07:21 am] Mitch K: the HLF long
trade i just posted, is a quickie
[07:24
am] Ed : TIF new hod
[07:27 am] Mitch K:
was that your buy-sell buttons
issue
[07:27 am] Mitch K: you shorted TIF
Doji?
[07:28 am] Mitch K: when i put wrong
order in, i correct it immediately, i dont
try to milk out any price improvement, just
move on and get back on track
[07:29 am]
Mitch K: i mentioned almost an hour ago TIF
is mostly long trade. these stocks try
to “neutralize” and return to center.
thats how i have made money my whole 20 year
career. this gapped down $4.50 a
share
[07:30 am] Mitch K: yes shark,
return to the mean
[07:30 am] Ed : SPY new
lod
[07:30 am] Mitch K: the concept works
over and over in day trades, exaggered swing
trades. but not so much long term, im not a
long termer
[07:31 am] Mitch K: TIF
possibly toppy
[07:31 am] Mitch K: HLF
quickie long is a no go
[07:31 am]
Mitch K: i like term neutral, makes sense to
me. people get confused when i say
mean, they think they have to be a
mathematician
[07:32 am] Mitch K: other
factor doji, is the retailers have been
fairly strong. Does it make sense that
TIF is holding up in this economy when
selling $15,000 anniversary rings? no,
but TIF and COH been good trading
stocks
[07:33 am] Mitch K: GC taking off,
i ignored buy signal
[07:33 am] Mitch K:
worth a short
[07:33 am] Mitch K:
TIF toppy
[07:34 am] Mitch K: watching
BIIB for bottom
[07:35 am] Mitch K: im
using a GC 03-13 chart joey
[07:36 am]
Mitch K: wait a sec joey, i just reset my
chart and got different look, only
changed to GC 02-13 and then back,
hmm
[07:37 am] Mitch K: another setting on
GOLD, GC i use is a 250v, volume
chart
[07:38 am] Mitch K: starting to
watch CL 02-13 for bottom
[07:39 am] Mitch
K: anyone get that MSM long and then
short? good bread and butter
trade
[07:55 am] Mitch K: nice, you out
now khall?
[07:55 am] Mitch K: anyone take
the CL trade, at least on
simulator?
[07:56 am] Mitch K: sometimes i
dont know if anyone is interested in the
futures calls but i will keep pointing out
some that i like more than others
[07:56
am] Mitch K: nice
[07:56 am] Mitch K: real
money or sim?
[07:57 am] Mitch K: just so
any newer people to the Trading Room, i
personally tend to gravitate toward futures
after first hour of stocks
[08:01 am]
Mitch K: just so you know, i am intensely
working on version 2 of Lightning. it
is very very encouraging. YOu remember
my comments form a week or two ago that we
are developing that has extremely high
winning rate but there are not many signals
per day, maybe 1-2.
[08:03 am] Mitch K:
what i think we will have to do is identify
these with different color.
we are trying to do something to designate
this is one of these low frequency but high
odds signals. during the first 30
minutes of the day today, one came up in CL
02-13.
[08:03 am] Mitch K: can you pull up
a CL 02-13 chart on Lightning now?
[08:05
am] Mitch K: what i want to do is give you
the reaction that I have when this occurs and
that is jump on it. the signal occurred
at 7:01:39 am this morning pacific
time, buy price of $93.96
[08:06 am] Mitch
K: max possible profit was 19 ticks.
not huge but the winning % rate is what is so
exciting,
[08:07 am] Mitch K: another
17-18 ticks
[08:07 am] Mitch K: there was
another one earlier that I did not see until
now, but I was not looking. 6:11:47 at
$94.17, same chart
[08:13 am] Mitch K:
another one came up soon after, which is
unusual. $94.24 at 6:19:38am pacific, didnt
have much movement but did move 10 ticks
up. the way i think this is best
handled is to have a profit target of XX
number of ticks. This is a long only
strategy that will be embedded in the next
Lightning version. we went back for 6
weeks of consecutive trades and got a very
very high winning rate with high average
profits, which is a pleasant surprise to
us. No time table to complete this but
i think this will take quite a while to
complete.
[08:14 am] Mitch K: we also have
been able to filter out a high percentage of
“garbage signals” and that was another big
win for us.
[08:17 am] Mitch K: YOu guys
know i am a very upfront person so I will say
whatever is the truth. This will help
the stocks version quite a bit but the
FuturesForex version is really something
special
[08:19 am] Mitch K: i strongly
encourage you folks who are stocks only to
step outside your comfort zone and start
studying and practicing on simulator some
futures, just to get your head into it.
takes a few months so start now
[08:22 am]
Mitch K: oh, one more tidbit on this, that
high winning rate signal, (we dont have a
name for it), it is not super time sensitive,
meaning, you have time to execute and get a
good price.
[08:23 am] Mitch K: what is it
lisa
[08:24 am] Mitch K: who does Infinity
futures clear through?
Transact?
[08:24 am] Mitch K: ok, is it
Ninja that requires the authentication or is
it the datafeed people Kinetick? i
think it is Kinetick, although NinjaTrader
owns Kinetick
[08:26 am] Mitch K: well
interesting story, which i knew was the case
when MF GLobal went down? ANyone with
an account at Transact got real lucky to have
gotten their money. i had a little bit
with a futures account that cleared through
Transact but i have some friends who had a
lot of money with that. i try to use a
variety of brokers to diversify from that
kind of event
[08:28 am] Mitch K: correct
lisa, the stock brokerage firms are much more
protected than the Futures
Merchants
[08:28 am] Mitch K: as you build
up a lot of equity, you need to think about
that more. ask yourself, what could
take you down to the poorhouse
[08:32 am]
Mitch K: the market indexes have lost their
momentum over last 2-3 days. needs some
positive earnings this next week to keep it
up or moving up
[08:41 am] Mitch K: joey,
you mean selling some of your swing trade
long of RGR? i closed mine yesterday
when i posted
[08:42 am] Mitch K:
ok
[08:47 am] Ed : Ceo of HLF will be
talking shortly
[09:03 am] Ed : LM on
move
[09:37 am] Ed : if u shorted LM would
cover here
[09:39 am] Ed : LM At least two
private equity firms said to have approached
the firm but the company was not interested –
financial press – Source
[09:45 am] Ed :
another shooting in High school
[09:46 am]
Ed : in California
[09:47 am] Ed :
CAB SWHC RGR all same
sect
[09:51 am] Ed : happened in Kern
County suspect is in custody
[09:56 am] Ed
: getting bounce in SPy
[10:00 am] Ed :
Greece will stay in Euorzone, news coming
out
[10:35 am] Ed : wrong info
[10:35
am] Ed : sorry
[10:35 am] Ed : LM At least
two private equity firms said to have
approached the firm but the company was not
interested – financial press –
[10:39 am]
Ed : SPY trading in small range
[10:43 am]
Ed : HLF President: Have not yet made a
decision on whether to pursue claims against
Pershing Square’s Ackman; options under
review –
[10:50 am] Ed : monitor SAP @
near the 82.50ish area see how reacts
there
[10:51 am] Mitch K: look at the
daily chart on that
[10:51 am] Mitch K:
that RGR is turning over into a short
swing
[10:52 am] Mitch K: it is not
showing up on Lightning as a sell signal yet
but it probably will very soon
[10:59 am]
Mitch K: new high on TSO, trending
up
[11:11 am] Ed : was monitoring BHP for
more selling, no touchy for me here
[11:13
am] Ed : MBI
[11:21 am] Ed : if u were
able to short MBI would cover some in
here
[11:22 am] Ed : SPY been stucik in
trading zone last 1.5 hours
[11:44 am] Ed
: SPY bounce
[11:52 am] Mitch K: what
kjind of news do we have now,
spiking
[11:53 am] Ed : Fed’s Bullard:
Must continue to be aggressive on monetary
policy while being cognizant of risks to
inflation- Q&A- “A little disturbed”
by Japan FX rate policy. – Source
[11:53
am] Ed : SPYnear hod
[12:01 pm] Ed : DoJ
files antitrust suit over recent acquisition
of PowerReviews Inc. –
[12:02 pm] Ed :
Regarding BV
[12:03 pm] Ed : SPY new
hod
[12:07 pm] Mitch K: microshort on
KORS
[12:30 pm] Ed : nice qwert
[12:45
pm] Ed : SPY new hod
[12:51 pm] Mitch K:
market has momentum for another couple of
days and if more earnings are good, then
upside is extended further
[12:52 pm]
Mitch K: Bullards comments spiked the market
today, mid day
[12:53 pm] Ed : monitor
ININ coming days for potential breakout over
40 area with strong vol
[12:56 pm] Mitch
K: see all you tomorrow, bye ladies
[12:56
pm] Mitch K: how is your futures coming
along?
[12:56 pm] Mitch K: you do good
today qwert?
[12:56 pm] Mitch K: later
sky
[12:59 pm] Ed : have a great evening
traders
| [06:15 am] taco : gm all
[06:15 am]
qwert : good morning to
everybody
[06:15 am] skydiver : gm
all
[06:16 am] qwert : nice moves in
the CL this am :))
[06:16 am]
joeytsa : reports: wholesale inv @
7pdt,nat gas 7:30pdt, 30yr 10pdt
[06:16
am] shark : gm all 🙂
[06:16 am]
skydiver : nice qwert – you seemed to
smiling so much it was coming across my
monitors 🙂
[06:16 am] qwert :
hahaha
[06:16 am] khall :
gm
[06:16 am] skydiver : gm
Ed
[06:16 am] joeytsa : gap up:
CRUS,DB,AAPL,HLF was but pulled
back
[06:17 am] joeytsa : gap down:
TIF,ASNA,MCP,ARO
[06:17 am] skydiver
: thnx joey for gappers again 🙂
[06:17
am] qwert : QLIK, PSMT nice gap us as
well
[06:17 am] skydiver : and thnx
to you as well qwert
[06:17 am]
qwert : thx joey for the gaps
[06:17
am] joeytsa : yep, thanks
qwert
[06:18 am] skydiver : nice to
be a part of the thankful club
[06:18 am]
joeytsa : some nice quick futures
moves
[06:19 am] mikewd2 -: HLF meeting
with investors today
[06:20 am]
joeytsa : /ES holding R2 just above
1462 so far
[06:20 am] doji : Good
morning fellas
[06:21 am] qwert : gm
doji
[06:21 am] skydiver : gm
doji
[06:21 am] doji : ES could
make new 3-year high today at
1468…
[06:22 am] lisas : gm
all
[06:22 am]
joeytsa : yeah, will be watching 1465
for break
[06:22 am] joeytsa : /PL
very volatile right now
[06:22 am]
doji : Retailers weak today ARO,
TIF…
[06:22 am] joeytsa : TIF
lowered yr guidance
[06:23 am]
joeytsa : actually expect earnings at
low end of forecast, worried about economic
conditions
[06:23 am] lisas : euro’s
made a nice move this am
[06:24 am]
doji : APPL also gapped up but last
gaps have been sold off recently…
[06:24
am] Ed : is shark here
[06:24 am]
shark : hi Ed 🙂
[06:24 am]
shark : yes, doji, agreed
AAPL
[06:25 am] Ed : hey the usd/jpy trade
worked out nicely from few months back will
let u know on next round for long
[06:25
am] mikewd2 -: any news from CES (consumer
electronics show) regarding AAPL
[06:25
am] Ed : this is for swing
[06:25 am]
shark : great, awesome Ed
[06:25 am]
taco : talking mini ipad in china
maybe
[06:25 am] taco :
pnonephone
[06:25 am] mikewd2 -: yeah,
heard that –
[06:25 am] joeytsa :
westinghouse came out with $300k tv
[06:26
am] mikewd2 -: was hoping for iTV
update
[06:26 am] skydiver : nice
price on TV
[06:26 am] joeytsa :
never would i pay even 5 figures for a
tv
[06:26 am] shark : in vietnam, I
sat and watched a 360 degree tv with 3D
movie
[06:26 am] qwert :
300k?
[06:26 am] doji :
300,000
[06:26 am] shark : was
awesome
[06:26 am] doji : is it
1,000-in TV?
[06:26 am] shark : also
saw ths Sony 84″ 4k TV
[06:27 am]
joeytsa :
http://www.inquisitr.com/475900/110-inch-4k-t
v-unveiled-by-westinghouse-at-ces-2013/
[0
6:27 am] doji : BB has a 110-in
TV
[06:27 am] Ed : this is chart here, it
was that close over 80 when last spoke on
it
[06:27 am] joeytsa : very nice
trade
[06:27 am] qwert : wow awesome
trade
[06:27 am] taco : how long did
you trade it for ed?
[06:28 am] Ed : will
wait for really nice pullback
[06:28 am]
shark : you visiting CES,
joey?
[06:28 am] joeytsa : no, maybe
next year
[06:28 am] doji : What
trigger you to buy at 80 Ed?
[06:28 am] Ed
: about 3 o days
[06:28 am] mikewd2 -:
I’ll join you there next year joey
[06:28
am] joeytsa : sounds good
[06:28 am]
Ed : on 15 min chart it had a bull cup at
that time
[06:28 am] taco :
wow
[06:28 am] shark : yeah, me too
mike
[06:28 am] taco : i’m dreaming
baby
[06:28 am] Ed : back in nov and it
was 3rd attempt
[06:29 am] mikewd2 -: WTI
over 94
[06:29 am] Ed : 3rd attempt over
80
[06:29 am] shark : Bank Of Japan
announced targeting USD/JPY at 90 to the
dollar
[06:29 am] shark : about 3
mos ago when it was 77/1
[06:30 am] Ed :
thx shark
[06:31 am] joeytsa :
watching MSM
[06:31 am] joeytsa :
eye on URBN
[06:32 am] cowboyh :
TEVA
[06:33 am] joeytsa : still
watching CELG
[06:33 am] qwert :
watching MCP
[06:34 am] joeytsa :
very nice on LNKD
[06:35 am] shark :
AAPL puts dropping in price, poss
bottom
[06:35 am] joeytsa : BIDU in
to $107
[06:35 am] elisha : Good
Morning Mitch, Ed and all
[06:36 am]
joeytsa : watching COH for
bottom
[06:37 am] doji : Dang… put
buy isntead of sell order in
TIF….
[06:37 am] doji :
mistake
[06:37 am] joeytsa : done
that before doji
[06:38 am] joeytsa
: it might work out haha
[06:38 am]
doji : Already closed
[06:38 am]
doji : with a loss.
[06:38 am]
joeytsa : watching DDD and
ARMH
[06:40 am] doji : FB
strong
[06:42 am] joeytsa : watching
BIDU as it nears $108
[06:42 am]
joeytsa : nice move so far
though
[06:42 am] taco : QLIK
nice
[06:44 am] joeytsa : taking
quicker profits today
[06:45 am]
shark : AAPL 1/2 way thru gap
fill
[06:45 am] joeytsa : market
seems tentative to me for some
reason
[06:45 am] shark : VIX off
lod joey
[06:46 am] joeytsa : /ES
tight range
[06:46 am] joeytsa :
BIDU nice pullback to $107
[06:46 am]
joeytsa : /GC nice move also
[06:47
am] mikewd2 -: AAPL fell right thru
pivot
[06:47 am] joeytsa : watching
for sell cover on /GC
[06:48 am]
doji : Don’t catch a falling
knife
[06:49 am] joeytsa : there’s
the /GC sell cover
[06:49 am] taco :
are options prices steadying on
aapl?
[06:49 am] shark : for the
moment, yes
[06:49 am] taco : thx
shark
[06:50 am] taco : l small
position 522.03
[06:50 am] joeytsa :
interesting Ed, SPY new hod, /ES is making
lows
[06:51 am] doji : SPY
hod?
[06:51 am] doji : SPY
lod
[06:51 am] doji : Watching
MCP
[06:51 am] joeytsa : yeah
weird
[06:52 am] shark : your
monitor upside down, doji?
[06:52 am]
doji : I have lod in SPY Joey
[06:52
am] shark : again…..
[06:52 am]
joeytsa : yeah, Ed maybe hitting the
egg nog again 🙂
[06:52 am] taco :
haha
[06:53 am] joeytsa : MGM not a
trade, but nice chart to study on shorting
lower highs esp as it runs into
resistance
[06:53 am] mikewd2 -: AAPL
bouncing around on pivot
[06:53 am]
skydiver : thnx joey — will study
it
[06:53 am] qwert : watching
ULTA
[06:53 am] joeytsa : just the
pattern you are looking for sky
[06:53 am]
qwert : nevermind volume low
[06:54
am] taco : ISIS hod
[06:54 am]
skydiver : 🙂
[06:55 am]
joeytsa : NFLX a bit weak off the
hod
[06:55 am] doji : Apple could
move on either direction of the
pivot
[06:55 am] shark :
😉
[06:55 am] joeytsa : minor report
out in 5min
[06:56 am] skydiver :
pivot for aapl – is that R1
[06:56 am]
skydiver : ?
[06:56 am] mikewd2 -:
you think doji – haha
[06:56 am]
joeytsa : haha
[06:56 am]
joeytsa : strangle it doji 🙂
[06:57
am] skydiver : monitoring
KORS
[06:57 am] joeytsa : buy at
524,sell 522
[06:57 am] doji : What
i mean is that because of the drop many would
think the pivot as support… but as I said
before, previous upside gaps have been sold
off
[06:57 am] skydiver : thnx
doji
[06:57 am] mikewd2 -: puts at open
would have been nice
[06:58 am]
joeytsa : TIF to test $60
[06:58 am]
shark : AAPL pivot 519.367
[06:58
am] skydiver : long KORS
52.14
[06:58 am] shark : AAPL R1
-522.74
[06:58 am] doji : I shorted
apple at the open Mike and still holding
it…want to to break below the
pivot
[06:59 am] shark :
🙂
[06:59 am] doji : YEs Shark
R1
[06:59 am] joeytsa : /ES coming
up to try to test R2
[07:01 am]
skydiver : thnx shark and doji – just
getting used to the Ninja trader pivots
🙂
[07:01 am] mikewd2 -: MCP weak
today
[07:01 am] reshef :
qcom
[07:01 am] reshef :
QCOM
[07:01 am] skydiver : out 1/2
of KORS long 52.51
[07:01 am] doji :
TIF at 60
[07:02 am] joeytsa : sky:
you added the pivots
[07:02 am]
skydiver : yes joey
[07:02 am]
joeytsa : they might be different than
the lightspeed ones, not sure
[07:02 am]
skydiver : humm — not sure — will
check
[07:02 am] doji : MCP weak
today
[07:02 am] shark : echo,
echo
[07:03 am] joeytsa : yeah
Mitch, market acting strange to me
[07:05
am] joeytsa : didnt take it, but nice
call on USNA
[07:06 am] mikewd2 -: MCP
trying to bounce
[07:06 am] mikewd2 -: VIX
13.59 – wow very low
[07:06 am]
shark : good time to consider a long,
mike
[07:06 am] doji : HLF
NUS
[07:08 am] shark : you held your
FB fromyesterday, doji?
[07:08 am]
skydiver : KORS a slow move up
—
[07:08 am] doji : Nope, but
bought today
[07:08 am] shark :
😉
[07:08 am] doji : Going bananas
now
[07:08 am] joeytsa : great call
Mitch
[07:08 am] skydiver : good
thing I bought 1 million shares to make up
for the little profit
[07:08 am]
doji : Time to sell again
[07:09 am]
shark : I think all those zero’s are a
mirage, sky
[07:10 am] skydiver :
you’re right shark!! guess I was in
dream land again 🙂
[07:10 am] shark
: lol
[07:11 am] reshef :
TXI
[07:11 am] qwert : URBN strong
today
[07:11 am] doji : HLF
strong… just watching…
[07:11 am]
mikewd2 -: me too doji – dang it
[07:12
am] mikewd2 -: invester meeting must be going
well today on HLF
[07:12 am] shark :
starts at 8:45am PT I believe
[07:12 am]
Ed : joey is at that meeting
[07:12 am]
joeytsa : 🙂
[07:12 am] shark
: buy on the rumor…..
[07:13 am]
shark : hahaha
[07:13 am] doji
: I should have kept my long in
TIF….hahaha
[07:13 am] skydiver :
all out of KORS long
[07:13 am] mikewd2 -:
no shares to short at etrade or TS, not that
i would do it
[07:13 am] joeytsa :
nice trading
[07:13 am] skydiver :
🙂
[07:13 am] shark : doji, TIF
doesn’t need to sell anything. they can just
hold til gold prices go up
[07:14 am]
doji : Now you tell me
[07:14 am]
joeytsa : ALXN into $102
[07:15 am]
shark : AAPL new lod
[07:15 am]
taco : i see what you mean doji about
holding swings overnight, you mentioned yest.
glad i sold hlf
[07:16 am] shark :
great trade, Mitch
[07:16 am]
joeytsa : and its fairly low
volume
[07:16 am] joeytsa : only
269K traded so far
[07:17 am] doji :
Apple 519 and the 515 support
[07:17 am]
mikewd2 -: AAPL still selling off
[07:17
am] taco : AAPL still falling, i need
to stop thinking i know anything about where
a stock will go
[07:18 am] Ed : hey taco
watch how reacts in this area here will mark
it up
[07:18 am] Ed : thats aapl
[07:18
am] taco : ok 516
[07:18 am]
taco : nice thx
[07:18 am] Ed :
515ish
[07:19 am] taco : k
[07:19
am] Ed : has test near area 2x so one wants
to see how reacts
[07:19 am] doji :
The issue with HLF/NUS is that there are some
much talks around that it can move up/down
quckly that it can take hit your stop order
very hard
[07:19 am] mikewd2 -: yeah, your
right doji
[07:19 am] apple : good
morning to all – have to leave in a little
while – have an appointment at a middle
school
[07:19 am] Ed : been nice play so
far in large zone of 20 points, of selling
high buying lows
[07:19 am] joeytsa
: yeah doji
[07:20 am] joeytsa :
crude in tight range
[07:20 am]
shark : didn’t know they allow minors
in this room, apple
[07:20 am] doji
: Look at HLF.. that is what I mean
[07:20
am] doji : $1 drop in
seconds
[07:20 am] joeytsa : tell
robert to stop causing problems 🙂
[07:20
am] Ed : eventually willl give on either
side, as traders we dont care which, just be
prepared
[07:21 am] apple : haha,
he’s a little nervous because he has to take
a a test – but he will be fine, i will take
him to lunch first
[07:21 am]
joeytsa : keeps flirting with the
teachers 🙂
[07:21 am] jolliffboy :
anybody have an idea of where the bleeding
stops with MCP?
[07:21 am] apple :
haha, you know it, joey – robert is a
charmer
[07:21 am] shark : at 0
joliffboy
[07:21 am] shark : 2
martini lunch should do it, apple
[07:22
am] jolliffboy : thats funny. you may
be right.
[07:22 am] apple : wow,
have not looked at MCP in a while — yeah,
0 looks about right
[07:22 am]
joeytsa : MCP was over $70 at one
point
[07:22 am] Ed : its been in cont.
downtrend jolif, u look for break of
downtrend with closing candle above trendline
and needs to hold or look for nice rounded
bottom
[07:22 am] apple : haha shark
– too funny – we will go for thai
[07:22
am] doji : MCP, 8 and then
7.5…
[07:22 am] Ed : but it does have an
ugly daily chart
[07:23 am] shark :
sounds better. good mom!
[07:23 am]
joeytsa : i wouldnt buy that with Ed’s
money
[07:23 am] Ed : lol
[07:24 am]
joeytsa : also depends on your
mindset
[07:24 am] joeytsa : trading
for a quick scalp or looking for swing..like
Mitch mentioned the last 2 days
[07:24 am]
doji : TIF… dang…
[07:24 am]
jolliffboy : Thanks doji. I’ll take a
closer look at 7.50
[07:26 am]
joeytsa : /GC nice today, /CL still
stuck in range
[07:26 am] doji : My
mistake in TIF took all my profits
today….
[07:26 am] joeytsa : /ES
basically in 2pt range also
[07:28 am]
joeytsa : gaps on earnings can give
great trades
[07:28 am] doji : I
tried to short it after the open but instead
I click the buy key…
[07:28 am]
joeytsa : lots of overreactions
occur
[07:29 am] doji : Yes, I
corrected and close my order but lost almost
50c…
[07:29 am] taco : you’ve been
away for a bit doji, you’ll be back in no
time
[07:29 am] skydiver : thnx
Mitch for good advice
[07:30 am]
joeytsa : and it wasnt breaking news
either Mitch
[07:30 am] shark :
return to the mean
[07:30 am] shark
: 🙂
[07:30 am] joeytsa : they
already had a low target, just committed to
it…traders overreacted
[07:30 am]
doji : Thanks for the advise Mitch…
What other sectors do that?
[07:31 am]
shark : UNG taken off
[07:31 am]
shark : inventory down 201BCF
[07:31
am] joeytsa : and had a few up days
into earnings
[07:31 am] shark :
they all do, doji. human nature
[07:31 am]
doji : SPY lod
[07:31 am]
joeytsa : /NG went crazy haha
[07:32
am] shark : had nice pattern all day
/NG
[07:33 am] regatta : so if i’m
average, then i’m mean
[07:33 am]
shark : avg $$, not avg emotion
regatta
[07:34 am] shark :
haha
[07:34 am] joeytsa : i have /GC
on a sell signal 02-13
contract
[07:34 am] regatta : maybe
it appies to both
[07:34 am] regatta
: applies
[07:34 am] shark : maybe
not
[07:35 am] doji : MCP
[07:35
am] shark : LULU @ b/e see if it
holds
[07:35 am] joeytsa : gotya,
thanks i remember now you used that
[07:36
am] shark : AAPL filled gap
[07:36
am] lisas : confusing me Mitch, little
volume in gold mar
[07:36 am]
joeytsa : see if /GC holds this support
here
[07:37 am] apple : ok, gotta
go. everyone have a wonderfully
profitable day!
[07:37 am] joeytsa :
enjoy appl;e
[07:37 am] lisas : bye
apple, have a good day with Robert
[07:37
am] taco : bye apple
[07:37 am]
shark : bye apple 🙂
[07:37 am]
cowboyh : bye apple
[07:37 am]
qwert : bye apple
[07:37 am]
apple : thx for all the well
wishes
[07:38 am] shark : try the
thai iced tea
[07:38 am] joeytsa :
im going to play around with a few other
timeframes/settings
[07:40 am]
scalpman : All out HLF L
[07:40 am]
taco : nice
[07:41 am] joeytsa
: break time, see you in 20
[07:41 am]
lisas : later joey joey
[07:41 am]
shark : bye joey
[07:41 am]
skydiver : see ya joey — enjoy the
donuts 🙂
[07:42 am] doji : Saclpan,
where did you buy HLF (time)?
[07:42 am]
doji : Scalpman
[07:44 am]
shark : EBAY been kicking great trades
last few days
[07:44 am] doji : CRUS
at yesterday hihgs
[07:45 am] shark
: Amzn new autorip sounds great –
[07:46
am] mikec : HLF nice 1 pt.
thks
[07:46 am] skydiver : nice
mike
[07:47 am] doji : MCP holding
8.04.. long at 8.13… we’ll see
[07:49
am] jolliffboy : Good luck doji. You
may have picked the bottom.
[07:49 am]
scalpman : doji
41.33
[07:50 am] scalpman : as usual
I was early and had to weather the storm a
bit.
[07:50 am] scalpman : I then
added to shares on lower lows.
[07:51 am]
scalpman : My average was
41,33
[07:51 am] mikewd2 -: nice recovery
in FST today, lower priced stock
[07:51
am] lisas : did you plan on adding at a
lower level, ie enter with half your position
initially scalp?
[07:52 am] mikewd2 -: did
you have a stop originally scalp?
[07:52
am] doji : You took HLF after it held
41?
[07:55 am] khall : I did
Mitch
[07:55 am] khall : yes
🙂
[07:56 am] lisas : no, but
traded it premarket profitably in
sim
[07:56 am] khall : real
money
[07:56 am] lisas : good job
khall
[07:56 am] scalpman : No…I
was watching for a drop below the 50%
fib
[07:56 am] shark : nice
khall
[07:56 am] shark : NFLX nice
bounce
[07:56 am] scalpman : stopp
was mental below the open
[07:56 am]
taco : yes please mitch
[07:57 am]
qwert : please keep pointing them
out
[07:57 am] khall : Yes, please
do
[07:57 am] lisas : keep them
coming Mitch, a lot for us to absorb, but it
hellps
[07:57 am] cowboyh : Keep it
up Mitch
[07:57 am] lisas : does
anyone else us the MA in ninja?
[07:57 am]
shark : love ’em Mitch. am getting more
into these
[07:57 am] scalpman :
Because of prior action, I thought it would
retrace 50% on the rebound. That’s
exactly what it did.
[07:57 am]
jimjllsail : futures info good
tanks
[07:58 am] taco : TIF
turning
[07:58 am] jimjllsail : me
too
[07:58 am] skydiver : have a
good day all. Been good
day. Thanks for the great
calls see ya tomorrow
am.
[07:59 am] lisas : bye
sky
[07:59 am] skydiver :
🙂
[07:59 am] taco : bye sky have a
great day
[07:59 am] shark : you
doing some forex too, Mitch?
[07:59 am]
doji : Watching NFLX
[07:59 am]
mikewd2 -: looking to open a futures account
soon
[07:59 am] scalpman :
Doji…sometime the bottom is has final
plunge and exhaustion, low or high…not
always…but then it come roaring back at the
“real bottom”
[07:59 am] shark :
they have it on etrade, mike
[07:59 am]
mikewd2 -: going to go with TS
[08:00 am]
shark : probably better 🙂
[08:00
am] khall : bye sky
[08:00 am]
lisas : Mike, when you do, be sure to
call the margin dept to get lower margin for
futures day trades
[08:00 am] shark
: NFLX nearing hod retest
[08:01 am]
mikewd2 -: thanks lisas
[08:01 am]
shark : awesome, Mitch!
[08:02 am]
lisas : np mike
[08:02 am]
taco : awsome
[08:02 am]
scalpman : Mitch…that’s good…I’d be
very interested…
[08:02 am] khall
: Exciting news Mitch
[08:03 am]
khall : it’s up
[08:04 am]
taco : ok
[08:04 am] qwert :
its always up
[08:06 am] shark :
nice Mitch
[08:07 am] khall : 19
ticks is $190 on 1 contract – pretty nice
change
[08:07 am] scalpman : DDD
good bounce…missed it!
[08:09 am]
jsn13 : Mitch, what time did the
closing signals appear for the CL trade that
u mentoned?
[08:09 am] scalpman :
Watching MLNX
[08:09 am] qwert :
watching MDR
[08:12 am] jolliffboy :
doji there goes your MCP.
[08:13 am]
eyes : Nice doji on MCP
[08:13 am]
shark : AAPL new lod
[08:13 am]
shark : awesome doji – MCP
[08:14
am] joeytsa : nice Mitch
[08:14 am]
taco : good stuff mitch
[08:14 am]
joeytsa : ATM strategies help
there
[08:14 am] shark : sounds like
it is already working great, Mitch
[08:15
am] shark : Yeahhh! 🙂
[08:15 am]
joeytsa : i’m liking Version 1 so
far
[08:15 am] khall : is this on
the next version you will release or are we
looking further out than that?
[08:16 am]
lisas : This is primarily the futures
version?
[08:18 am] shark :
🙂
[08:18 am] doji : MCP out 1/4
long
[08:18 am] taco : nice
doji
[08:18 am] joeytsa : sounds
good
[08:19 am] mikewd2 -: AAPL
lod
[08:19 am] mikewd2 -: should get some
support here
[08:23 am] lisas :
FWIW, I found a data provider that does not
require you to sign into your account every
month, they have the same data as Kinetick,
direct from exchanges, in order to get your
CME data fee waiver
[08:23 am] lisas
: DTN IQ data
[08:24 am] shawn : Hey
Ed: is WYNN a buy?
[08:24 am] lisas
: with Infinity futures
[08:24 am]
lisas : that I don’t know
[08:24 am]
lisas : Hmmm, I think that is
one
[08:24 am] doji : so the only
thing you need is to open an account with
Infinity Futures Lisas?
[08:25 am]
shark : nice failure at b/e LULU, new
lod
[08:25 am] lisas : Yes, but be
aware that if you want to use Ninja for chart
trading, you will not be able to, they are
not a partner with Ninja. I use their dom,
which is good, and I use TS for
stocks
[08:27 am] lisas : I remember
that time frame, something about the way
Infinity handled there money protected the
accounts.
[08:27 am] taco : i never
considered that,
[08:27 am] shark :
that is always in the back of my mind,
Mitch
[08:27 am] lisas : I don’t
remember the terms, but remember the
discussions with some guys that had large
futures accounts
[08:28 am] taco : i
suppose it wise to pull excess money
out
[08:28 am] lisas : Yes, not
protected like stocks
[08:28 am]
doji : Ok so you use Ninja’s dome for
futures trading right?
[08:28 am]
shark : I moved my money around during
the 2008 era
[08:28 am] taco : not
an issue yet but will be for sure:)
[08:28
am] lisas : Only if you use a partner
broker.
[08:29 am] joeytsa : i only
have 1 futures account, but i do have
seperate accounts for everything
[08:29
am] lisas : I don’t know if the sign in
is waived because of IQ or because of
Infinity. If you want contacts, I can give
you those
[08:30 am] shark : you all
out MCP, doji?
[08:33 am] joeytsa :
and futures brokers are much safer than many
of the forex brokers
[08:34 am] doji
: Nope, trailing my last 1/2 Shark
[08:34
am] doji : Watching FB…
[08:34 am]
lisas : Something I remember since
Mitch brought up MF global. You want a
futures company that doesn’t trade
itself.
[08:36 am] regatta :
watching WMS
[08:36 am] regatta :
low volume
[08:36 am] lisas : lunch
time, later all
[08:36 am] joeytsa :
enjoy lisa
[08:37 am] joeytsa : thx
for the info
[08:37 am] doji :
Bear/Bull fight in FB at 31
[08:37 am]
joeytsa : CMP low vol but decent
drop
[08:37 am] joeytsa : not
typically my type of play
[08:40 am]
joeytsa : RGR selling some
[08:40
am] joeytsa : nice vol spike
too
[08:41 am] joeytsa : no, meant
it had a quick selloff
[08:42 am]
joeytsa : sorry for the
confusion
[08:42 am] doji : out
another 1/4 MCP
[08:43 am] taco :
/CL looking good
[08:44 am] jsn13 :
taco, are u watching /CL for long or
short?
[08:45 am] taco : for
short
[08:45 am] jsn13 : beware of
possible trend change….
[08:45 am]
taco : that would be counter trend now
tho right?
[08:46 am] jsn13 : now it
is at neutral zone i
guess…undecided…
[08:46 am]
joeytsa : /CL holding above R2 right
now
[08:46 am] taco : sim i’ll go s
to support then see if its a long
[08:47
am] joeytsa : if it loses 94.10 , you
might get down to 94?
[08:47 am]
shark : HLF CEO on CNBC after
commercial break
[08:47 am] taco :
ten ticks is good ya?
[08:48 am]
joeytsa : $100
[08:48 am] taco
: ya ok
[08:49 am] joeytsa : thats
per contract, so pretty decent
[08:49 am]
joeytsa : /ES is $12.50 , /SI is
$25
[08:49 am] joeytsa : per
tick
[08:49 am] jsn13 : ed, do u
trade /CL now?
[08:51 am] murano :
AMX
[08:52 am] taco : 4r sell
/CL
[08:52 am] Ed : have not this week
jsn
[08:52 am] doji : FB still
strong
[08:52 am] jsn13 : ok no prob
ed….
[08:52 am] taco : mCP
nice
[08:53 am] mikewd2 -: Michael Johnson
talking on CNBC
[08:54 am] doji :
talking about HLF?
[08:54 am] shark
: yes doji
[08:54 am] mikewd2 -:
yep
[08:54 am] jsn13 : ed, when u
continue trading futures later on, can u give
me more explanation on the trend and maybe
call out some possible trade with trend
setups that u like? Thanks…
[08:54 am]
mikewd2 -: he is CEP
[08:54 am] mikewd2 -:
CEO
[08:55 am] jsn13 : as in give us
more explanations on the trend…
[08:55
am] mikewd2 -: looking to go long at 40.40
area
[08:55 am] Ed : got it
[08:55 am]
mikewd2 -: or maybe lower – haha
[08:56
am] doji : Ouch HLF…
[08:56 am]
jolliffboy : guess they didnt like what
he had to say.
[08:56 am] shark :
….and sell on the news -HLF
[08:56 am]
doji : That is why I don’t mees with
HLF…for now
[08:57 am] mikewd2 -:
holding 40
[08:58 am] doji : Shark
are you in FB?
[08:58 am] shark :
not today
[08:59 am] taco : profit
trgt /CL hit 14 ticks sim w lightning, no
sell signal yet tho
[09:00 am]
joeytsa : real nice taco, you can
set it so your stop loss moves to break even
etc
[09:00 am] taco : cool
[09:00
am] joeytsa : nice drop on
UNXL
[09:01 am] joeytsa : on /CL
that loss of 94.10 went right to 94
[09:01
am] joeytsa : /ES coming up into R1
res
[09:02 am] mikewd2 -: wow HLF selling
off
[09:02 am] shark : Herb
Greenberg on HLF
[09:02 am] Ed : guess
they like what they hear???
[09:03 am]
mikewd2 -: double bottom
[09:03 am]
joeytsa : video of HLF CEO when he
found out about the short…
[09:03 am]
joeytsa :
http://www.youtube.com/watch?v=lMVl-94Mqr4
[09:03 am] joeytsa : 🙂
[09:03 am]
jsn13 : joey, did u take that /CL
short? what trend was /CL in at that
time?
[09:03 am] murano :
LM
[09:04 am] shark : wow
joey
[09:04 am] joeytsa : i didnt
take this one jsn, but i saw it into
res
[09:04 am] aussie123 : Joiy…I
show ES resistance @ 1460:75 …Is that what
you have???
[09:04 am] mikewd2 -: expect
HLF to bounce back
[09:04 am] taco :
jsn, if higher low then changing
trend
[09:05 am] joeytsa : aussie,
that might be one, i am just looking at R1 at
the moment, tight range
[09:05 am]
aussie123 : Thank you
[09:06 am]
joeytsa : i try not to get overly
technical..basic patterns/setups/ higher or
lower highs and lows etc
[09:06 am]
mikewd2 -: AAPL aproaching lod
[09:07 am]
joeytsa : Tradestation users :
does anyone know what the C in the orange box
next to stock name means?
[09:07 am]
jsn13 : ok thanks joey and
taco….
[09:07 am] joeytsa : i
think i emailed them once, but forget the
answer
[09:08 am] joeytsa : i have
that orange box on AAPL,HLF,FB right
now..just wondering
[09:08 am] mikewd2 -:
in what window joey?
[09:08 am] mikewd2 -:
chart? order?
[09:08 am] joeytsa :
chart window
[09:08 am] joeytsa :
just to the left of stock symbol
[09:09
am] taco : AAPL held so far
[09:09
am] taco : skipping this /CL long
tho
[09:10 am] mikewd2 -: i have a blue A
in one of them
[09:10 am] doji :
NFLX
[09:10 am] mikewd2 -: in a blue
box
[09:10 am] mikewd2 -: not sure what
that is actually
[09:10 am] joeytsa
: i have a letter C in an orange
box
[09:10 am] joeytsa : maybe
Circuit Breaker symbol?
[09:10 am] mikewd2
-: on, that was because i had an alert
enabled in that chart
[09:11 am]
doji : No LM shares availble in
TDA
[09:11 am] shark : NFLX at hod
retest
[09:13 am] joeytsa : nice one
on NFLX
[09:14 am] joeytsa : UNXL
more drop
[09:14 am] doji : Dang…
order in NFLX was not filled y
3cents
[09:15 am] joeytsa : BIDU
hod
[09:16 am] regatta :
SAP
[09:17 am] joeytsa : nice
regatta
[09:17 am] joeytsa : NFLX
back to $100?
[09:18 am] joeytsa :
BIDU should get $110 also
[09:19 am]
scalpman : LM is crazy
[09:20 am]
doji : Any news on NFLX or people just
going nuts on it?
[09:22 am] taco :
thx ed LM
[09:24 am] mikewd2 -: breakout
on YOKU
[09:24 am] Ed : nice trading
taco
[09:25 am] taco : thx
[09:27
am] joeytsa : nice pullback on
NFLX
[09:32 am] mikewd2 -: HLF
lod
[09:32 am] taco : went long of
/CL support sim
[09:32 am] joeytsa :
needs to push thru R2 here
[09:33 am]
joeytsa : thats for taco
[09:36 am]
joeytsa : missed that nice move on
/NG
[09:38 am] mikewd2 -: LM news is
private equity would like to take
private
[09:40 am] joeytsa : nice
range break on /PL
[09:41 am] mikewd2 -:
AAPL selling off again
[09:44 am]
shark : all out NFLX s
[09:45 am]
joeytsa : nice shark
[09:46 am]
joeytsa : thats sad
[09:47 am]
mikewd2 -: ackman will respond to every HLF
issue raised
[09:49 am] joeytsa :
not seeing it on any news on tv yet
[09:49
am] joeytsa : Biden talking to gun
control people
[09:49 am] Ed : TSA has
people on the ground for late breaking
news
[09:50 am] qwert :
hahaha
[09:50 am] joeytsa :
🙂
[09:50 am] joeytsa : TSA is the
new TMZ 🙂
[09:51 am] joeytsa :
taco: you still in/watching /CL?
[09:52
am] joeytsa : what state is
that?
[09:52 am] taco : watching
yes
[09:52 am] Ed : California
[09:52
am] joeytsa : thx
[09:52 am] Ed : no
problem
[09:52 am] taco : R2 is a
stumbler
[09:52 am] taco : for
long
[09:52 am] Ed : happened at Taft high
school
[09:52 am] joeytsa : yeah,
break above probably gets it to
94.20
[09:53 am] joeytsa : you do
good work Ed
[09:53 am] joeytsa :
🙂
[09:53 am] Ed : thx
[09:53 am]
joeytsa : you get extra fortune cookie
with paycheck this week
[09:53 am] Ed :
cool
[09:53 am] joeytsa : too cold
for ice cream
[09:53 am] Ed : Mitch has
foot soldiers on ground in hot pink suits to
get latest news
[09:54 am] joeytsa :
haha
[09:54 am] Ed : all brazillian
babes
[09:54 am] joeytsa : last time
i got fortune cookie, the fortune said ” that
wasnt chicken” 🙂
[09:54 am] Ed :
lol
[09:54 am] taco : lol
[09:55
am] Ed : “planes, trains, and &
automobiles” “hey those are n’t
pillows”
[09:55 am] joeytsa :
haha
[09:55 am] shark :
lol
[09:56 am] Ed : my favorite line in
Crimsoon Tide, “God help you if ur wrong, “if
Im wrong, God help us all”
[09:58 am]
joeytsa : good line
[09:59 am]
shark : great movie
[09:59 am]
mikewd2 -: HLF at a support pivot
[09:59
am] Ed : Ceo when speaking did not leave any
great points, and he is a salesperson at top
of chain
[10:00 am] Ed : speaking of
HLF
[10:00 am] mikewd2 -: yeah Ed, a bit
supprised he didn’t move the stock – up that
is
[10:05 am] mikewd2 -: nice move on AGQ
today
[10:05 am] joeytsa : funny
mike, was just going to mention /SI
[10:06
am] joeytsa : on a nice move, about
90t
[10:10 am] Ed : 90t on SI =$ with
discipline=$$$$$$$$$$$$$$$$$
[10:10 am]
joeytsa : yep
[10:11 am] shark
: 🙂
[10:11 am] joeytsa : much
higher margin on /SI, but you get
$25t
[10:12 am] joeytsa : watching
SSYS
[10:12 am] Ed : that like 1 +5 carry
the one 50x and you end up all
smiles
[10:12 am] joeytsa :
🙂
[10:14 am] mikewd2 -: SSYS
[10:14
am] joeytsa : Ed: 2 people shot in that
school
[10:15 am] Ed : i forget, TSA
ground babes gave news to me so
fast
[10:15 am] joeytsa :
🙂
[10:15 am] mikewd2 -: HLF giving it all
back today
[10:15 am] Ed : actually call
was via skype and got caught up in their
beauty
[10:16 am] joeytsa : cant
blame you
[10:18 am] Ed : i woke up a
winner in Vegas
[10:18 am] joeytsa :
just dont sell your hair to a wig
shop
[10:18 am] Ed : have u seen my
head
[10:19 am] joeytsa :
🙂
[10:19 am] qwert : BIDU almost to
110
[10:20 am] taco : should be back
later, but thanks all in case.
[10:21 am]
joeytsa : enjoy taco, im going to
lunch also
[10:29 am] mikewd2 -: Obama
fixing to speak and announce new treasury
secretary
[10:30 am] Ed : u mispelled
fixing being from texas and all fixing
=fixen
[10:31 am] mikewd2 -:
haha
[10:31 am] Ed : 🙂
[10:31 am]
mikewd2 -: worried no one would understand –
haha
[10:31 am] Ed : lol
[10:53 am]
elisha : thanks Mitch
[10:54 am]
qwert : CELG at 95
[11:08 am]
joeytsa : nice steady move on
AGN
[11:09 am] joeytsa : watching
/GC, keeps testing this area
[11:11 am]
joeytsa : also watching this CELG
pullback
[11:44 am] joeytsa : crude
up 30cents since R1 test
[11:46 am]
taco : had nice moves
[11:46 am]
joeytsa : /GC in a range past 2
hours
[11:47 am] joeytsa : about
3pts
[11:47 am] doji :
appl
[11:48 am] doji : Any news or
just pump and dump?
[11:49 am]
joeytsa : just mike buying 1M shares
🙂
[11:49 am] taco : HLF might lose
support
[11:54 am] shark : yeah,
that was aggressive USD/JPY
[12:02 pm]
joeytsa : thx
[12:04 pm] doji
: Ok, comments on Apple from Phil
Schiller
[12:05 pm] doji : Co. will
never make cheap smartphones future of apple
products
[12:10 pm] jimjllsail :
thank you see you 1/11
[12:11 pm] Ed : c
ya jiim
[12:11 pm] taco : bye
jim
[12:12 pm] eyes : Good Night
Everyone
[12:12 pm] joeytsa : bye
jimj, eyes
[12:12 pm] taco : c ya
eyes
[12:12 pm] qwert : cya eyes,
jimi
[12:16 pm] joeytsa : big vol
spike on GRPN
[12:16 pm] joeytsa :
not much of a price move
[12:22 pm] Ed :
hey taco, aapl bounced off bottom of that
range we talked about earlier
[12:22 pm]
shark : 😉
[12:22 pm] taco :
ya i see that
[12:22 pm] taco :
nice
[12:22 pm] shark : opx going up
.50 to 2.50 too
[12:27 pm] doji :
Don’t worry, it will drop tomorrow… Apple
trading like a penny stock…
[12:27 pm]
shark : on options, yeah. all out long
calls now
[12:27 pm] taco : must be
mint, nice
[12:29 pm] shark : thx,
taco
[12:29 pm] qwert :
DECK
[12:29 pm] doji : Are you
trading weekly Shark?
[12:31 pm]
shark : yes
[12:31 pm] doji :
This or next week?
[12:31 pm] shark
: traded 510 puts all morning,
long/short
[12:31 pm] shark : this
week, only for day trade
[12:31 pm]
doji : Ok
[12:40 pm] doji :
Very bullish close on the Es… close to the
1468 level
[12:40 pm] skydiver :
thnx qwert for DECK – did that micro short –
monitoring ATHN
[12:41 pm] qwert :
:))
[12:42 pm] skydiver : at the
office mutli-tasking – DECK looks like it
broke down finally
[12:43 pm]
skydiver : drop DECK drop 🙂
[12:45
pm] skydiver : all out of DECK
short
[12:45 pm] joeytsa : Thanks
Mitch,Ed, traders..see you all tomorrow, have
a great day 🙂
[12:46 pm] skydiver :
see ya joey
[12:46 pm] Ed : c ya
joey
[12:46 pm] taco : bye
joey
[12:46 pm] skydiver : I’m
becoming Ed 🙂
[12:46 pm] qwert :
bye joey
[12:46 pm] Ed : too
funny
[12:46 pm] skydiver :
🙂
[12:46 pm] skydiver : love
trading between phone calls
[12:55 pm]
skydiver : thnx Mitch and Ed. . See you
all in the morning . . learning more each day
🙂
[12:56 pm] Ed : c ya sky
[12:56 pm]
qwert : Thanks for a great day see ya
all in the am
[12:56 pm] Ed : c ya
qwert
[12:56 pm] taco : yes thank
you Mitch, Ed and all see you
tomorrow
[12:56 pm] Ed : c ya
taco
[12:56 pm] taco : i just
stumbled on ray lewis, quite a guy
[12:57
pm] qwert : yeah pretty good only 2
trades but both winners mitch
[12:57 pm]
Mitch K: you talking the football player
taco
[12:57 pm] Mitch K: nice
qwert
[12:57 pm] qwert :
thx
[01:04 pm] victor51 : Ed, you
had perfect exit on LM. How did you arrive at
this point. Just to learn
[01:07 pm] Ed :
more of an art rather than science, when u
allow for flexibility and just paying
attention to chart more u get get in rythm
with markets,
[01:08 pm] Ed : so seeing
how actual trend is continuing down and when
I see buy signal when Im short I tend to
cover
[01:09 pm] Ed : opposite for long,
when I see short signal or trend being broken
I take profits as well
[01:09 pm]
victor51 : thanks Ed. Did you use
hit/take for your execution for LM or
limit loss
[01:09 pm] elisha :
you’re talking about path of least resistance
again – like water looking for lower
ground?
[01:10 pm] Ed : well when in trade
looking for change of tide or trend
[01:11
pm] Ed : yes i use hit/take plus
.01
[01:12 pm] elisha : Thanks
Mitch, Ed and everyone and to all a good
night
[01:12 pm] Ed : good night
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