(05:29 am) JoeyTSA :early gap up:
NFLX,FFIV,LOGI,SILC?
(05:29 am) JoeyTSA
:early gap down:
QIHU,BIDU,XLRN,SINA,GOGO
(05:56 am)
JoeyTSA :keeping EBAY on radar today
also
(06:20 am) Mitch’s Assist. :January
23, 2014, Thursday Pre Market UP: NUGT,
FUEL, NFLX, EBAY, FFIV, LOGI,
SILC, Pre Market DOWN: XLRN,
SPLK, SNDK, KOLD, SINA, YOKU, SPY,
BIDU, QIHU, CTRP, AAPL, GOMO, FB, TSLA, UAL,
ICLD, YHOO, BA, PCLN,
(06:28 am) JoeyTSA
:eye on QIHU $90 level
(06:30 am) JoeyTSA
:eyeon QUNR
(06:31 am) Mitch’s Assist.
:watching AIG
(06:31 am) Mitch
King:watching AIG for bottom
(06:33 am)
JoeyTSA :eye on FFIV,NFLX
(06:33 am)
JoeyTSA :HTHT drop
(06:36 am) JoeyTSA :GS
pulling back, i just watch GS usually,
but might be a trade today
(06:36 am)
Mitch King:watching LOCK drop
(06:36 am)
Mitch’s Assist. :watching SBUX
(06:36 am)
Mitch King:watching JCI for bottom
(06:37
am) Mitch King:watching CAMP for
bottom
(06:37 am) Mitch’s Assist.
:watching Z
(06:37 am) Mitch King:watching
YNDX
(06:38 am) Mitch King:watching
VNET
(06:38 am) Mitch King:watching SLM
for bottom
(06:38 am) JoeyTSA :tighten /NQ
if you shorted on the loss of 3600
(06:38
am) Mitch King:watching CSIQ for
bottom
(06:39 am) JoeyTSA :SFUN
(06:43
am) Mitch King:should lift all these
dumpers
(06:43 am) Mitch King:should have
good strong bounce when market
bottoms
(06:43 am) JoeyTSA :eyeon
JKS
(06:44 am) JoeyTSA :GMCR
spike
(06:45 am) Mitch King:watching VMC
for short
(06:46 am) JoeyTSA :/NQ back
over 3600, see if it holds
(06:48 am)
Qwert :monitoring YOKU
(06:49 am) JoeyTSA
:tighten NFLX if long
(06:50 am) Mitch
King:watching BMY for bottom
(06:51 am)
Mitch King:watching REGI
(06:53 am) Mitch
King:watching ESV for bottom
(06:54 am)
JoeyTSA :tighten GS if you took it
long
(06:55 am) JoeyTSA :eyeon
HLF
(06:55 am) Mitch King:alert
(06:55
am) Mitch King:HLF drop
(06:57 am) Murano
:watching RIG
(06:59 am) Mitch
King:watchign EGHT for top to short
(07:00
am) Mitch King:HLF and NUS is my
focus
(07:02 am) JoeyTSA :eye on
BIDU here
(07:03 am) Mitch King:we got
accelerating volume and accelerating drop in
HLF, good recipe for bounce
(07:03 am)
JoeyTSA :EBAY still trying to find a
bottom
(07:04 am) Mitch King:big spread in
HLF, use limit orders only, buy at bid, sell
at ask
(07:06 am) Mitch King:should get a
bottom here on HLF, at least good attempt at
bounce
(07:10 am) JoeyTSA :nat gas # in
20min
(07:17 am) Mitch King:sell at ASK
price on HLF with this much vol, NUS
more upside
(07:17 am) Mitch King:reducing
HLF
(07:18 am) Mitch King:closed HLF, got
over $3.50 a share,
(07:26 am) Mitch
King:ok see this HLF chart here. look
at the red volume bars increasing from 658am
for 8 minutes
(07:28 am) Mitch King:the
clue was the green candle after 8 consecutive
down candles that were getting bigger and
bigger where it is almost going straight
down
(07:28 am) Mitch King:write that
down, really important. then volume
drops as it rebounds
(07:28 am) Mitch
King:accelerating down volume and
accelerating drop on HLF chart is perfect
setup. The highest volume candle is
almost always the lowest print in that
candle
(07:29 am) Mitch King:HLF setup is
as good as it gets
(07:31 am) Mitch
King:in other words, i won’t be aggressive
and push hard on marginal ideas
(07:31 am)
Mitch King:that pretty much made profits for
all week so my mindset now is to take it easy
today and tomorrow, pick off just the premium
ideas, good time to get really
selective.
(07:32 am) Mitch King:there is
still good trades left though, look at the
SP-500, use SPY for that. low of day,
look for stocks that dropped hard, even HLF
should bounce
(07:41 am) Mitch King:let me
show you a couple of videos for
example
(07:46 am) Mitch King:just
remember the first bounce i’d would peel off
on the bounce. yes agree, the short is
better
(07:46 am) Mitch King:thats a good
setup long on YPF
(07:47 am) Mitch King:im
referring to a sell long
(07:47 am) Mitch
King:now on a stock trading like this YPF,
you rarely have to sell at market, almost
always sell at ask or above as it
rises
(07:49 am) Mitch King:ok right here
i would start selling some of YPF long at ASK
price, maybe 1/3rd of long position
(07:50
am) Mitch King:and $25 level should have a
bunch of sell orders besides that gives
a little resistance
(07:51 am) JoeyTSA
:crude inv in 8min
(07:52 am) Mitch
King:dont buy this
(07:52 am) Mitch
King:ok let me show you a different chart,
just for teaching purposes
(07:53 am)
Mitch King:no increasing volume
(07:53 am)
Mitch King:class participation here
(07:53
am) Mitch King:whats wrong with this chart
compared to YPF
(07:54 am) Mitch
King:right doji, not accelerating dorp in
GNC
(07:54 am) Mitch King:we do have one
spike in vol on this candle but that isnt
enough, need more candles
(07:54 am) Mitch
King:so that means it is a sustainable drop,
can keep on dropping
(07:55 am) Mitch
King:oh it was GALE posted by Qwert
(07:55
am) Mitch King:we just saw this on another
stock i think yesterday and day before,
forgot which stock, was a big one
(07:55
am) Mitch King:a good V pattern should look
like this
(07:56 am) Mitch King:GALE
yesterday in first 30 min and day before on
Tuesday around 805am
(07:58 am) Mitch
King:ok next day, which was yesterday GALE
gave another V pattern setup long
(07:58
am) Mitch King:here it is, that green candle
on GALE 2 days ago is clue it is probalby
going to rebound. this GALE chart is
not as good as the YPF or HLF chart based on
vol
(07:59 am) Mitch King:one more
example SLM on today
(07:59 am)
Mitch King:not as picture perfect on vol
increase but same idea with vol and
price
(08:00 am) Mitch King:problem with
this SLM is it hasnt dropped much, 65-70
cents. and it didnt drop quickly, slow drip
drip drip
(08:01 am) Mitch King:ok this
pattern here in marked area shows good
pattern but i didnt like this setup for long
because look how long it took to even drop 50
cents
(08:02 am) Mitch King:ok MELI is a
mini V pattern, shold give maybe $1 or
1%
(08:02 am) Mitch King:this is good
pattern but it took like 20 minutes or 20
candles to drop 60 cents, so you should not
be interested
(08:03 am) Mitch King:now
how i look at MELI is maybe 103.25 is a
target price, will be a weak one
compared to HLF. also note what SPY is
doing on the 5 min chart, its at low of
day
(08:05 am) Mitch King:ok one more
example, you guys give answers, what is wrong
with this next one on lower left
(08:06
am) Mitch King:another one LYB
(08:06 am)
Mitch King:its just following the market
down
(08:07 am) Mitch King:right
doji
(08:07 am) Mitch King:only 30 cents
drop on a $65 stock
(08:07 am) Mitch
King:whats wrong with this one BHP
(08:08
am) Mitch King:same here with CX
(08:09
am) Mitch King:when you get stocks like YPF,
HLF, many others, and you get that big
volume, big drop, you get great follow
through on the upside
(08:10 am) Mitch
King:and you can be selective adn take your
time selling for minutes after
(08:10 am)
Mitch King:the reason why i suggested selling
when the big green up candles started getting
smaller is momentum upward is reducing.
it doesnt mean it will drop but you are
“hedging” your bet that you sold at a decent
profit, part of your long
(08:11 am) Mitch
King:getting back to HLF you got a $1.50 drop
and a $4.10 pop.
(08:11 am) Mitch
King:10.50 drop
(08:12 am) Mitch King:you
got 20 seconds though
(08:12 am) Mitch
King:the first guy who answers what that
means gets a free webinar access Feb
8th
(08:13 am) Mitch King:its the first
Fibonnacci number
(08:13 am) Mitch
King:joey, come on
(08:13 am) Mitch
King:come on guys
(08:14 am) Mitch
King:qwert gets it,
(08:14 am) Mitch
King:38.2% was just barely exceeded
(08:15
am) Mitch King:use FIb numbers on something
like HLF
(08:23 am) Mitch King:i think
this bounce in SPY is going to get sold, to
continue downtrend. sell on tops in
downtrend
(08:26 am) JoeyTSA :/CL
moving
(08:37 am) Mitch King:monitoring
LULU
(08:54 am) Mitch King:looking for
small MELI bounce, maybe $1
(09:03 am)
JoeyTSA :eye on this /ES 1823 level
(09:19
am) JoeyTSA :ACAT just hammered
today
(09:35 am) Murano :watching
RVBD
(09:43 am) Qwert :monitoring
WBAI
(09:51 am) Murano :watching
BBRY
(10:03 am) Mitch King:monitoring
TEX
(10:10 am) Mitch King:FCS
(10:44
am) Mitch King:new low of day on
SP-500
(11:04 am) JoeyTSA :watching
YY
(11:11 am) Mitch King:you guys watching
gold futures rise today right?
(11:31 am)
Murano :watching JNPR
(11:39 am) JoeyTSA
:eye on DDD
(12:03 pm) Murano :watching
QSII
(12:53 pm) Mitch King:later
guys
| (05:25 am) JoeyTSA :good morning
Qwert,doji,mber,regatta,toby
(05:26 am)
regatta :gm joey
(05:26 am) JoeyTSA
:unemployment claims in 3min
(05:28 am)
JoeyTSA :flash manu and hpi @ 6, existing
home slaes and cl leading index @ 7, nat gas
@ 7:30, crude inv @ 8..all times
pdt
(05:31 am) rd :GM to
all
(05:31 am) regatta :/GC moving
this am
(05:32 am) rd :GM to
all
(05:34 am) Qwert :Good morning to
everybody
(05:38 am) klas :GM
everyone
(05:38 am) klas :Ha Qwert
did you get my email?
(05:40 am) Qwert :No
when did you send it?
(05:40 am)
klas :about a week ago
(05:41 am)
klas :[email protected]
(05:41 am)
Qwert :resend it maybe it went to
junk
(05:41 am) klas :will do
later
(05:42 am) klas :I was going
out to Bass pro shops wanted to maybe meet
for lunch
(05:42 am) Qwert :just did a
search and not coming up
(05:42 am) Qwert
:Oh thats only 5 mins from my house
(05:42
am) Qwert :[email protected]
(05:43 am)
klas :I will send later
(05:44 am)
doji :Good day
(05:44 am) Qwert
:sure thing
(05:44 am) Qwert :Good morning
Doji
(05:44 am) doji :Watching BIDU
here at its 50dMA… acting like a
magnet…
(05:46 am) doji :It could
rebound to $170 area of the highest weekly
open puts
(05:47 am) skydiver :gm
all and thnx for gappers joey
(05:47 am)
alan3 :GM everyone.
(05:52 am)
JoeyTSA :using 3600,3610,3620 for /NQ to
start
(05:53 am) JoeyTSA :1827,1830,
1833,1837 for /ES, if 1827 doesnt hold, then
1823 down to 1820
(05:54 am) JoeyTSA
:96.85, 97.20 for /CL to start with eye on
97
(05:55 am) JoeyTSA :below 96,85, maybe
96.60 area
(06:06 am) Murano :good
morning
(06:11 am) skydiver :/CL
strong this morning
(06:11 am)
skydiver :good day to buy on the dips
/CL — so far
(06:14 am) bill1
:Weekly UCO coming up on major resistance.
Not sure if that will relate to
/CL
(06:14 am) skydiver :thnx bill
–
(06:14 am) freitag8 :/CL has been
strong since the BUY signal on the 16th with
the daily chart… could challenge $98
soon
(06:18 am) JoeyTSA :crude inv @ 8pdt
today
(06:18 am) skydiver :freitage
– never thought to look at the daily chart on
CL — and I do that all the time with stocks
— funny
(06:18 am) skydiver :thx
joey
(06:19 am) freitag8 :it really
helps to see the overall momentum on the
underlying
(06:19 am) skydiver :yes
— thnx freitage — I will be doing that for
sure!!
(06:20 am) skydiver :thnx for
gappers Mitch
(06:20 am) JoeyTSA :thx
Mitch
(06:21 am) skydiver :PayPal is
stronger staying with eBay than spinning it
off : from ebay ceo john donahoe
(06:21
am) JoeyTSA :freitag: you think it gets back
to $100
(06:22 am) freitag8 :yes…
no doubt
(06:22 am) JoeyTSA :me
too
(06:22 am) skydiver :and just
paid $2.99 at Costco pumps yesterday . . .
should have bought more
(06:23 am)
freitag8 :it would be good to have 1
contract as a runner overnight for the next
few days if one can afford it
(06:23
am) freitag8 :we pay $3.58 @
Costco!
(06:23 am) JoeyTSA :thanks but no
thanks haha
(06:24 am) skydiver :I’m
live in the suburbs of Portland Oregon . . .
1st time I got that price for a long long
time freitage
(06:24 am) skydiver
:living
(06:24 am) freitag8 :we live
ear Pismo Bch alog the Central Coast of
Calif… it’s expensive here
(06:24 am)
Mitch King:ANNOUNCEMENT: DOn’t buy a
Dell
(06:24 am) freitag8 :ooops…
too late Mitch… lol
(06:24 am) Mitch
King:that should be the company’s sales
motto
(06:24 am) skydiver :sorry
Mitch
(06:25 am) JoeyTSA :Mitch: really
cool stuff your son is doing, saw him on
cnnhn
(06:25 am) freitag8 :looking
to get long on this dip in CL
(06:25 am)
Mitch King:yeah he is on a hot roll. he
goes on Ellen Degeneres show next week and
back to NY for the TOday’s Show
(06:25 am)
JoeyTSA :my dell lasted about a decade, but i
like my HP’s better
(06:26 am)
skydiver :wow Mitch — proud dad
🙂
(06:26 am) JoeyTSA :ey on /CL
here
(06:26 am) freitag8 :I miss my
HP… can Thunder run on the new Google
Chome?
(06:26 am) JoeyTSA :not
sure
(06:26 am) Mitch King:hey joey, re
the Dell, I spent $11,200 for their top of
the line box, nothing but grief
(06:27 am)
JoeyTSA :mine was much less in 2000
(06:27
am) JoeyTSA :i didnt go top of line
though
(06:27 am) JoeyTSA :love my iMac
and Falcon too
(06:28 am) Mitch King:yeah,
i have 4 Apple Mac Pro Towers, 2 iMac, 4-5
Apple laptops and NOT ONE problem,
ever
(06:28 am) JoeyTSA :great
machines
(06:28 am) freitag8
:Traders… start ur engines… market opens
in 1 minute
(06:29 am) Mitch King:The
Dell, it needs a external fan i put in the
back to keep it cool
(06:29 am) JoeyTSA
:/ES 1827 right back to 130
(06:31 am)
JoeyTSA :congrats to anyone who was long
NFLX, esp with options last night
(06:33
am) doji :APPL strong
(06:34 am)
doji :NFLX nice drop so far
(06:34
am) freitag8 :if /CL breaks 97.23 I’ll
go long for about 15 ticks move
(06:36 am)
regatta :watching EGHT
(06:36 am)
doji :Watching FSLR
(06:37 am)
doji :Short NFLX at $380
(06:38 am)
doji :TWTR
(06:40 am) doji
:BIDU holding
(06:40 am) skydiver
:LNKD at S2 – monitoring
(06:41 am)
JoeyTSA :indices trying to bounce, not
trusting it just yet
(06:41 am)
skydiver :thnx joey – confirms my gut
feeling on the indices
(06:42 am) JoeyTSA
:it might turn, i just want to see more
proof
(06:42 am) JoeyTSA :proof =
opm 🙂
(06:44 am) skydiver
:KORS bounced nicely
(06:44 am)
skydiver :KORS bounced nicely — missed
it however
(06:44 am) skydiver :KORS
bounced nicely . . .missed it
however
(06:45 am) doji :We know
Sky…
(06:45 am) JoeyTSA :/ES from 1823
back to 1827 🙂
(06:45 am)
doji :BIDU above its 40dMA, let’s see
if it can hold it
(06:46 am)
skydiver :sorry guys — this lilttle
laptop did something weird –
rebooted
(06:48 am) JoeyTSA :nice bounce
on TSLA
(06:48 am) JoeyTSA :and
NFLX
(06:48 am) regatta :watching
CLDX
(06:49 am) doji :No touching
anything, trying to be patient with my
setups….
(06:49 am) doji :I get
bruned when try to trade near the
opne…
(06:50 am) skydiver :3/4 out
of LNKD
(06:50 am) JoeyTSA :smatt doji,
esp with your connection issues
(06:50 am)
JoeyTSA :smart not smatt
(06:51 am)
regatta :watching FIO
(06:51 am)
JoeyTSA :QIHU pushing higher off
drop
(06:51 am) JoeyTSA :totally forgot
about YY
(06:52 am) regatta
:watching NKTR
(06:53 am) skydiver
:all out of LNKD long
(06:57 am)
skydiver :got out of LNKD a bit
early
(06:57 am) JoeyTSA :NFLX still
running
(06:58 am) doji :Yeap, got
stopped in my short at b/e
(06:59 am)
doji :Have another order right at $400
if it gets there
(07:00 am) skydiver
:HLF – senator asks for an investigation into
HLF
(07:00 am) skydiver :senator Ed
Markey
(07:01 am) JoeyTSA :nice bounce on
/CL off of $97
(07:01 am) skydiver
:He was probably short in HLF and made the
announcement to investigate — sorry — bad
sky bad sky
(07:01 am) JoeyTSA
:haha. great short though
(07:01 am)
freitag8 :it’s toying with my 97.23
area
(07:02 am) JoeyTSA :yeah, my R1 is
97.20
(07:05 am) doji :Waiting for
60 in HLF (200dMA)
(07:05 am)
skydiver :HLF – trying to be ready to
catch a bounce —
(07:05 am)
freitag8 :My R1 on CL is
97.37
(07:06 am) doji :I am waiting
for my setup on HLF… waiting near $60…
that’s me
(07:07 am) JoeyTSA :another leg
down on indices
(07:09 am) skydiver
:I’m long on HLF at 62.93 – was filled . . .
wlil see
(07:09 am) skydiver :/CL
long just filled . . . whew . .
(07:13 am)
Mitch King:hold longer than your urge to sell
sky, HLF
(07:13 am) Mitch King:this is a
test for you
(07:14 am) Mitch
King:remember we have the overall market at
low of day
(07:14 am) Mitch King:and when
that turns up, will bring all longs
up
(07:14 am) JoeyTSA :great calls, back
in 20
(07:15 am) Mitch King:you guys see
this 1 min candle on HLF
(07:16 am) Mitch
King:its steeper? momentum is highest
on that
(07:16 am) Mitch King:when it
slows down a little bit, stops going up as
fast, you peel off a little there
(07:16
am) doji :My $60 level in HLF was not
tagged… no problem, next time
(07:17 am)
Mitch King:you got to be flexible doji, $60
is just a number
(07:17 am) skydiver
:it sure is!!!!! thnx Mitch
(07:17 am)
Mitch King:when you saw a green candle, red,
then green around 63 on HLF, its trying to
bottom
(07:18 am) skydiver :gotcha
Mitch
(07:18 am) doji :$60 was the
20ddMA and a support level….
(07:18 am)
Mitch King:you are way too stuck on that kind
of stuff doji, that also doesnt mean to
much
(07:18 am) skydiver :closed HLF
long
(07:19 am) Mitch King:it would only
mean something IF and only IF 90% of the
world trades that way
(07:19 am)
skydiver :thnx for HLF Mitch — made my
week 🙂
(07:19 am) doji :I am
learning Mitch… thanls for your input
anyway
(07:20 am) Mitch King:you got to
look at price action, especially with a stock
like HLF
(07:20 am) Mitch King:Ed is the
master of that
(07:21 am) doji :I
need to learn price action…on my
way
(07:21 am) doji :I have some
specific setups, if they present themselves,
I go for it, otherwise I just avoid
them…
(07:24 am) doji :BIDU long
at 165.75… filled my setup
profile
(07:24 am) Mitch King:Ed is
teaching price action again Feb 8th, Saturday
and in real time 10th and 11th. im
telling you, he really knows how to get
these. if Ed was a surgeon and i needed
one, i would let him operate on me,
hehe
(07:24 am) Mitch King:no doubt Ackman
got some senator to push for another, repeat
another investigation on HLF.
(07:25 am)
skydiver :I’m sure you’re right
Mitch
(07:26 am) Mitch King:test
(07:26
am) skydiver :Okay . . . been great day
. . I have a meeting I have to get to this
morning . . . make lots $$$ and see you
tomorrow morning
(07:26 am) skydiver
:staying for Mitch’s teaching a bit
longer
(07:26 am) Mitch King:where di dyou
sell HLF sky
(07:27 am) Mitch
King:price
(07:27 am) skydiver
:66.28
(07:27 am) Murano :covered all
RIG didn’t drop as much as I
expected
(07:28 am) Mitch King:really nice
job sky, now look at the jump in your profits
today sky….. thats what you are trying to
do
(07:30 am) skydiver :right Mitch
. . 🙂
(07:30 am) skydiver
:thnx
(07:30 am) jerryb :thanks for
HLF I didn’t get in quick enough but got
$1.20
(07:32 am) skydiver :thnx for
great lesson Mitch
(07:33 am)
skydiver :nice jerry =– okay — out of
time unfortunately — later 🙂
(07:33 am)
Mitch King:you got over $3.50 a share on HLF
sky, thats over 5.5%, very high for most day
trading scalps
(07:34 am) Mitch King:you
want to try to be getting these 1/2% to 1%
quite often
(07:34 am) skydiver :yes
— love those “rumours
(07:34 am) Mitch
King:really, when you are doing the right day
trading, i think your stats should be around
1.25% to 1.5% average winner, 0.8%
stop. and get about 70-75% win
rate
(07:35 am) skydiver :gotcha
Mitch
(07:35 am) Mitch King:so your profit
factor is around 3.5 to 4.0. and that
is really high performance day
trading
(07:35 am) Mitch King:for
stocks
(07:35 am) skydiver :ok . . .
learning 🙂 great teacher 🙂
(07:36
am) Mitch King:for futures, thats unconscious
type of trading, tough to do that with
futures consistently. with stocks,
thats a lot easier to do
(07:37 am)
skydiver :ok
(07:37 am) doji
:Hey Murano, thanks fro YPF, I got it short
below $28 today and still dropping
(07:37
am) Mitch King:remember that you are sitting
adn waiting most of the time in trading and
it is what you think during those times that
keep you from doing low quality trades or
waiting for right setup. its pretty
much like crossing the street after cars have
safely passed or if you are trying to dodge
and weave between cars with a lot of
traffic
(07:38 am) skydiver :good
analogy
(07:39 am) Mitch King:think about
that when you are a pedestrian crossing
street next time
(07:39 am) skydiver
::)
(07:40 am) Murano :I missed YPF
doji
(07:40 am) Mitch King:you will find
there is no stress, no worries when cars have
passed and you don’t see a car even close
approaching. use that analogy for
trading.
(07:41 am) skydiver :sounds
good Mitch
(07:42 am) doji :Clsoing
1/2 short in YPF here
(07:43 am) Mitch
King:thats not good trading, not good setup,
he got his shoe clipped off by
train
(07:43 am) Mitch King:thats the same
carelessness that we can do in
trading
(07:43 am) Mitch King:ok one more
time on this last video
(07:43 am)
doji :Out another 1/4 short in
YPF….
(07:45 am) doji :all out YPF
and reversed long at 23.35
(07:46 am)
doji :The best one was the short from
$28 although….
(07:47 am) doji
:YPF short made my whole
month……lol
(07:51 am) doji :Have
sell order at $25 and stop order at 24.35…I
am long from 23.35…
(07:51 am) Mitch
King:no, don’t sell at $25 doji, you sell at
24.99 or 24.98
(07:51 am) Mitch King:every
other joe Schmoe is selling at $25
(07:51
am) doji :So basically between short
and long I got around $.4.1/share profits in
YPF
(07:51 am) Mitch King:yeah, you can
really stack up big profits on both ways,
especialy the short.
(07:52 am) JoeyTSA
:great lesson, trading
(07:52 am) Mitch
King:looks like it is going to go right
through $25, YPF
(07:52 am) freitag8
:Thx Joey
(07:53 am) doji :Watching
COST for short
(07:53 am) freitag8
:purple line pegged to bottom?
(07:53 am)
JoeyTSA :maybe vol?
(07:53 am) doji
:Not accelated price neither volume
Micth
(07:54 am) doji :Stair step
drop Micth… Ed tought us that
(07:54 am)
doji :My 1/2 order to close in YPF was
hit at $25
(07:55 am) doji :Now
trailing my last 1/2 long…. Over $5/share
now with YPF…. Thanks
MURANOOOOOO!!!!!!
(07:56 am) doji
:Watch QIHU for b/o….
(07:56 am)
doji :NEed to show up more volume for
my taste… IMHO
(07:59 am) doji
:HLF anf YPF were a textbook example Micth…
thanks for the lesson
(08:00 am)
running :Mitch Hope ya’ii use this kind
oft teaching more often… esp Feb webinar
! This is what I’ve been look
for. It’s GREAT!
(08:00 am)
Mitch King:yeah both Ed and I will teach on
Saturday feb 8th and especially during
trading MOn and Tuesday
(08:01 am) JoeyTSA
:running: best thing about it is that these
setups are repeatable
(08:01 am) JoeyTSA
:doesnt mean they work100%, but at least you
know what to look for
(08:01 am)
regatta :watching MELI
(08:02 am)
running :Mitch…This is what I need!
Hope you do this in th Feb. Webnair….
It’s GREAT!
(08:02 am) Mitch King:good eye
regatta
(08:02 am) running
:i
(08:02 am) doji :Double top in
QIHU
(08:03 am) JoeyTSA :yeah doji, great
run from $89 pullback
(08:05 am)
doji :Stair-step drop with not
accelrated volume Mitch
(08:05 am) Mitch
King:whats wrong with this picture on
TDW
(08:05 am) Mitch King:right, no
acceleration down on price and no acclerating
volume increase
(08:06 am) Qwert :another
slow drip no acceleration
(08:06 am)
JoeyTSA :whats wrong is that i didnt short it
at $55 )
(08:06 am) Qwert
::)
(08:06 am) Mitch King:lol good one
joey
(08:07 am) JoeyTSA :not nearly a big
enough drop overall
(08:07 am) Qwert :not
enough money
(08:07 am) doji :Not
too much of a drop in terms of price range
Mitch
(08:08 am) doji :I like
> 5% drop in the ATR
(08:08 am)
doji :for thos fast movers
(08:09
am) doji :QIHU trying for b.o
again
(08:10 am) doji :All out
YPF….
(08:10 am) JoeyTSA :nothing wrong
with selling into strength
(08:11 am)
JoeyTSA :and much better than trying to sell
when order flow is against you
(08:12 am)
doji :One but give me 10 seconds lag
time
(08:12 am) JoeyTSA :haha
(08:12
am) doji :Mitch
(08:13 am) JoeyTSA
:what was the question?
(08:13 am)
doji :Sell when you can not when you
have
(08:13 am) Qwert :almost 50%
retracement
(08:14 am) doji :Waht
was the qesution????
(08:14 am) Qwert
:woohoo free webinar!!!!
(08:14 am)
JoeyTSA :qwert: you can scalp that ticket on
ebay 🙂
(08:14 am) Mitch King:i just
messaged Colleen
(08:14 am) doji :My
answer after ten seconds… its the 38% Fb
retracement
(08:15 am) Qwert
:hahahaa
(08:15 am) doji :Qwert, you
get 1.2 and I get 1.2
(08:15 am)
doji :1/2
(08:15 am) doji :I
have a Fb on TWTR on th edaily… see how it
has moved between those levels….
(08:16
am) Mitch King:ok good lesson
today,
(08:16 am) doji :Do I get the
fre webinar Micth?
(08:17 am) rd
:same with ypf
(08:17 am) Mitch King:i
dont see your fib post
(08:17 am) Mitch
King:doji
(08:17 am) doji :It
arrived 10m later…. after qwert
(08:17
am) doji :lol
(08:17 am) Mitch
King:good try
(08:18 am) doji
:Market trying to get some upward
move
(08:24 am) doji :Algos just ran
the 182.5 stops Mitch…
(08:32 am)
JoeyTSA :QIHU giving good trades
(08:41
am) doji :MELI
(08:43 am) doji
:QIHU very strong vs. the market
Joey…
(08:47 am) doji :Watching
MELI fellas
(08:47 am) bill1 :Dar
computer locked up. Had to
reboot.
(08:48 am) doji :Is it a
DELL bill1?
(08:48 am) bill1
:No lol
(08:50 am) doji :QCOR
b.o.
(09:02 am) JoeyTSA :some very nice
moves oday
(09:02 am) JoeyTSA
:today
(09:03 am) JoeyTSA :mised
QCOR
(09:04 am) doji :Got $1 on the
move up Joey…
(09:05 am) doji
:from tmy last post on the previous
b.o.
(09:05 am) JoeyTSA :good job
doji
(09:06 am) JoeyTSA :good one on MELI
doji
(09:13 am) JoeyTSA :just got an email
saying that LIVE is going to do a 3:1
split
(09:13 am) JoeyTSA :cant remember
the last time i saw a $14 stock split at
all
(09:15 am) doji :A monster run
in LIVE this year Joey from 3 to 14 so
far
(09:15 am) JoeyTSA :yeah nice run, but
still cant remember last split this
low
(09:17 am) doji :TSLA has been
cycling well the last 3 days also
(09:18
am) doji :from 174/175 to
178/179
(09:23 am) JoeyTSA :/ES back to
test 1820
(09:24 am) JoeyTSA :1823 strong
res past 90min
(09:26 am) Mitch King:hey
doji, TSLA should start heading down and give
big short moves.
(09:26 am) Mitch King:in
the coming week
(09:30 am) doji
:Thanks Mitch, I have just been scalping the
obvious move
(09:32 am) doji :SPY
lod
(09:46 am) Murano :I’m short RVBD but
it is not dropping as expected
(09:49 am)
regatta :watching KONG
(09:51 am)
regatta :watching BBRY
(09:54 am)
Murano :covered all RVBD
(09:59 am) Murano
:out 3/4 BBRY
(10:05 am) JoeyTSA :lunch
break, back in 30
(10:07 am) Murano :out
last 1/4 BBRY
(10:23 am) doji
:Back…. missed the run in TSLA
(10:24
am) doji :and aslo AAPL…
dang
(10:36 am) doji :Anyone in
APPL?
(10:37 am) JoeyTSA :not me doji,
just gettng back
(10:37 am) JoeyTSA
:missed nice move though
(10:38 am)
doji :Let’s see if it can hold
$550
(10:38 am) doji :lol if it
pullback there….
(10:45 am)
freitag8 :eye on TWTR… broke a
support at 61.61 with volume
(10:50 am)
JoeyTSA :AMZN blew right thru $400
support
(11:04 am) JoeyTSA :BIDU lod
area
(11:05 am) macnac :hi Joeyfor
long or short
(11:05 am) JoeyTSA :just
mentioning it
(11:05 am) macnac
:ok
(11:05 am) JoeyTSA :sorry if i
confused you
(11:06 am) JoeyTSA :but
overall , i would be careful with any
longs
(11:07 am) JoeyTSA :indices tryng to
turn a bit, not sure they have the
strngth
(11:07 am) JoeyTSA :the /ES just
had a dbl bot with pos div, but thats a nasty
downtrend to go against
(11:08 am) JoeyTSA
:i need to see more proof, and even then i
will probably be cauitious
(11:08 am)
freitag8 :i agree my friend… eed more
momentum
(11:09 am) JoeyTSA :unless you
are scalping for 2-3 /ES ticks
(11:09 am)
freitag8 :looking to go short FB if it
can break 56.10 to challenge LOD
(11:12
am) doji :No
(11:16 am) doji
:AAPL in beast mode
(11:36 am) JoeyTSA
:was nice pulback in /C into pit close, i was
flat though
(11:39 am) JoeyTSA :DDD large
red vol candle
(11:39 am) Murano :covered
all JNPR
(11:58 am) JoeyTSA :eye on AAPL
tri top here at 555
(12:00 pm)
freitag8 :a triple top at 555? You know
who’s address is 3555?
(12:01 pm) JoeyTSA
:no, who?
(12:01 pm) freitag8
:Warren Buffet
(12:01 pm) freitag8
:11th floor at 3555 Farnam
(12:01 pm)
JoeyTSA :didnt know that
(12:02 pm)
freitag8 :of course the building only
has 11 floors… he’s on top even
there
(12:02 pm) JoeyTSA :its trying to
hold 553 again too
(12:02 pm) JoeyTSA
:actually 553.50
(12:08 pm) doji
:Big spike in APPL
(12:11 pm) doji
:Icahan in Fox Diz
(12:12 pm) JoeyTSA :HLF
on decent move
(12:14 pm) JoeyTSA :calling
it a day
(12:14 pm) Mitch King:later
joey
(12:14 pm) freitag8 :enjoy
Joey
(12:14 pm) JoeyTSA :Thanks
Mitch,Murano,Qwert, everyone
(12:14 pm)
JoeyTSA :great calls, see you tmorrow, enjoy
your day 🙂
(12:15 pm) Murano :see you
Joey
(12:16 pm) Murano :covered all
QSII
(12:17 pm) Murano :done for the day,
see you tomorrow
(12:20 pm) Mitch
King:later murano
(12:36 pm)
skydiver :SPY moving up
(12:38 pm)
skydiver :looks like HLF had some nice
moves today
(12:42 pm) skydiver
:ddd
(12:42 pm) skydiver :sorry –
wrong screen
(12:42 pm) skydiver
:ddd
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