[06:04 am] Ed : good morning traders
[06:28 am] Ed : 2min
[06:31 am] Ed : monitor VAL for bottom needs
more selling
[06:32 am] Mitch K: if GRPN drops a lot on
this drop, should give a good bounce
[06:32 am] Ed : monitor LNKD for bottom to
buy
[06:32 am] Mitch K: watching HNT for
bottom
[06:32 am] Mitch K: watching VAL
[06:33 am] Mitch K: ARNA
[06:33 am] Mitch K: watching ARNA for bottom
to buy, going to be good one, ARNA
[06:33 am] Mitch K: watch VRTX for trades
today
[06:34 am] Mitch K: watching ESV for top to
short
[06:34 am] Mitch K: watching ELN for quick
short
[06:35 am] Mitch K: watching LULU for
short
[06:35 am] Mitch K: watching for short on top
o fAL bounce
[06:35 am] Mitch K: watching RIG for quick
short
[06:36 am] Mitch K: watching CPHD for top; be
awhile
[06:36 am] Mitch K: watching SYNC for short
here
[06:36 am] Mitch K: watching TJX for top to
short
[06:37 am] Mitch K: watching SINA for bottom
to buy
[06:37 am] Mitch K: watchign SHW for bottom
to buy
[06:37 am] Mitch K: watching PETM for top,
take time
[06:38 am] Mitch K: watchign DHR for top
[06:39 am] Mitch K: consider selling half or
more of ARNA long
[06:39 am] Mitch K: watchign ROST for top to
short
[06:39 am] Mitch K: watching LRCX for
bottom
[06:39 am] Mitch K: more downside for
DKS
[06:40 am] Mitch K: watching MM for bottom to
buy, lower vol, let it drop
[06:40 am] Mitch K: watch GRPN for another
long setup, maybe 13.50 area
[06:41 am] Mitch K: monitoring GSVC for top
to short
[06:41 am] Mitch K: watching ROST here for
top to short
[06:41 am] Mitch K: watching CL for top to
short
[06:42 am] Mitch K: watching MKTX for top to
short, toppy now
[06:42 am] Mitch K: consider covering LULU
short
[06:43 am] Mitch K: watching low priced XNPT
for bottom to buy, expert trade
[06:44 am] Mitch K: MM getting
interesting
[06:45 am] Mitch K: watching PAAS for
bottom
[06:45 am] Mitch K: watching VVUS for bottom
to buy
[06:45 am] Mitch K: watching SHLD for bottom
to buy
[06:46 am] Mitch K: watching CLNE for bottom
to buy
[06:46 am] Mitch K: watching AAP for bounce
here
[06:46 am] Mitch K: consider covering DHR
short
[06:47 am] Mitch K: take time on OPNT
[06:47 am] Mitch K: watching OPNT for top to
short
[06:47 am] Mitch K: SYNC bounce over, taking
off screen
[06:47 am] Mitch K: watching OPNT for top to
short, take time, use limit order
[06:49 am] Mitch K: watching FRAN for bottom,
Ed’s girlfriend is Francesca
[06:49 am] Mitch K: watching FOSL closer for
bottom
[06:50 am] Mitch K: consider selling some of
MM long
[06:51 am] Mitch K: monitoring VSI for bigger
drop
[06:52 am] Mitch K: consider covering most of
SYNC short, watch for 2nd helping short
later
[06:52 am] Mitch K: watching AIG for top to
short
[06:53 am] Mitch K: i think i missed post
CHK, bouncing, monitoring,
[06:55 am] Mitch K: consider reducing GRPN,
watch for short around 14.30 area, be flex,
start small
[06:57 am] Mitch K: watching AMED for top to
short
[06:57 am] Mitch K: watchign HAS for top to
short
[06:58 am] Mitch K: watching GME for bottom
to buy
[06:59 am] Mitch K: watching SINA closer
[07:01 am] Mitch K: watching WCRX for bottom
to buy
[07:01 am] Mitch K: watching VTUS for bottom
to buy
[07:02 am] Mitch K: monitoring MAKO
rising
[07:02 am] Mitch K: watching PETM for top to
short soon
[07:05 am] Mitch K: GRPN should break below
13.50
[07:05 am] Mitch K: consider covering CHK
short soon
[07:05 am] Mitch K: watching INFY run, take
time for short
[07:05 am] Mitch K: HAS toppy
[07:06 am] Mitch K: TJX toppy
[07:06 am] Mitch K: consider selling SINA or
most of it
[07:07 am] Mitch K: watching DECK for
top
[07:09 am] Mitch K: taking SINA off
screen
[07:09 am] Mitch K: trades in OPEN short,
long, short today
[07:09 am] Mitch K: watching for top in PII
for short on top of this bounce
[07:10 am] Mitch K: watching BMC drop, more
downside before long bounce
[07:11 am] Mitch K: DHR short over, consider
covering all
[07:11 am] Mitch K: AAP bounce over, taking
off screen
[07:11 am] Mitch K: watching TSLA for short
at some point, no hurry
[07:12 am] Mitch K: DHR probably bounces for
long here
[07:12 am] Mitch K: watchign RPRX closely
fgor short
[07:13 am] Mitch K: watching VTUS for bottom
to buy, limit order; take time
[07:14 am] Mitch K: sorry
[07:14 am] Mitch K: cien
[07:14 am] Mitch K: FOSL bounce over, taking
off screen
[07:14 am] Mitch K: watching MAKO to cover
short soon, on this next bottom
[07:16 am] Mitch K: monitoring NTAP for
bottom, no hurry
[07:19 am] Mitch K: watching for short in
GLNG
[07:30 am] Mitch K: consider covering TSLA if
short
[07:30 am] Mitch K: you guys doing better
today? many more ideas
[07:33 am] Mitch K: still watching PII for
top
[07:36 am] Mitch K: watch AMED closer to
cover soon
[07:39 am] Mitch K: i dont remember seeing a
2 letter symbol listed on Nasdaq but Facebook
is this Friday, FB
[07:39 am] Mitch K: GCO toppy
[07:40 am] Mitch K: might not have
multi-point drops but some drop, relative to
previous trading action
[07:40 am] Mitch K: im using the same
pattern, watching for multi point drops
before buying long, esp on first drop
[07:41 am] Mitch K: gets priced THursday
night and trades early Friday morning. IPOs
are tough to trade, lot harder to make money
than you think
[07:55 am] Mitch K: no confirmed short signal
yet on PII scalpman
[07:57 am] Ed : monitoring for bottom to buy
long
[07:57 am] Ed : monitoring JOY would like
more seeling
[07:58 am] Mitch K: watching DKS for bottom
to buy
[08:01 am] Ed : will pass on JOY at this
level
[08:05 am] Ed : still selling in SPY
[08:06 am] Mitch K: PII toppy
[08:07 am] Mitch K: consider covering GLNG if
long
[08:08 am] Mitch K: watching REXX for bottom
to buy
[08:12 am] Ed : mores selling in SPY
[08:15 am] Mitch K: consider covering NTAP if
short
[08:16 am] Mitch K: watching SPY for bounce
soon
[08:16 am] Mitch K: consider covering GKLNT
if short
[08:16 am] Mitch K: consider covering AMED
short
[08:16 am] Mitch K: watching WCRX for
bouncer
[08:16 am] Mitch K: consider covering some
PII if short
[08:17 am] Mitch K: consider covering ROST
short
[08:17 am] Mitch K: watching AWAY for top to
short
[08:32 am] Ed : getting bounce in
markets
[08:37 am] Ed : if u took JOY long consider
reducing
[08:41 am] Mitch K: PII short is over,
consider closing short
[08:41 am] Mitch K: watching FIRE for 2nd
helkping short, missed first
[08:47 am] Mitch K: might see SPY pullback a
little after that rebound
[09:05 am] Mitch K: FIO looking for bounce
off 21
[09:05 am] Ed : watching FIO for long thx
murano
[09:08 am] Ed : if u took FIO long consider
reducing
[09:09 am] Ed : SPY new hod
[09:13 am] Mitch K: watching ROST for 2nd
helping short
[09:19 am] Mitch K: consider selling some of
WCRX if long
[09:34 am] Mitch K: your settings are
different samui
[09:51 am] Ed : SPY pulling back
[10:11 am] Ed : if u took FIO long on 2nd
attempt would reduce
[10:37 am] Mitch K: still no bottom showing
on the daily charts for commodities like oil,
gold, silver
[10:47 am] Mitch K: consider covering WCRX if
short
[10:48 am] Mitch K: as you can see, i follow
the stocks that showed up on scanner in that
first hour, and milk more trades out of them,
just be prepared they can take 1-2 hours to
get to a target price
[10:53 am] Mitch K: here
[10:53 am] Mitch K: looking at ACAT for
short
[10:53 am] Mitch K: just monitoring, not a
trade
[10:53 am] Mitch K: DNKN spike down
[10:54 am] Mitch K: remember dont get heavy
now, just light positions, they take a long
time too now
[11:16 am] Ed : getting bounce in SPY
[11:25 am] Mitch K: good one on LXU guys
[11:26 am] Mitch K: monitoring OPEN for a
bounce if it drops a lot more
[11:34 am] Ed : watching TRIP for short would
like push to 43.50
[11:38 am] Ed : getting more selling in
SPY
[11:41 am] Ed : this is 5min chart on left
for LXU
[11:46 am] Ed : PEP on move
[11:56 am] Ed : if u took PEP long would
reduce
[11:57 am] Ed : out all PEP long
[12:08 pm] Ed : SPY new lod
[12:10 pm] Ed : will stop last 1/4 PEP short
@ b/e
[12:10 pm] Ed : covering 3/4 PEP short
[12:32 pm] Ed : getting bounce in SPY
[12:39 pm] Ed : 135 is key area bulls would
like to see close above it. The 1st
horizontal blue line
[12:39 pm] Ed : this is weekly chart of SPY
on right
[12:46 pm] Ed : would like to see more
selling in CNX down close to 29.8ish, may not
get it lacking time
[12:47 pm] Ed : will pass on this idea not
lot of time left
[01:02 pm] Ed : have a great evening traders
| [05:57 am] samui : Thanks
[05:58 am] qwert : Good morning everybody
:))
[06:00 am] joeytsa : Good morning Ed,
everyone
[06:02 am] khall : Good morning all
[06:04 am] mikewd2 -: good morning
traders
[06:06 am] joeytsa : gap up:
AMLN,GRPN,DKS
[06:06 am] joeytsa : gap down: HD,AVP
[06:07 am] mikewd2 -: AVP – coty retracts
buyout offer.
[06:07 am] joeytsa : ahhh
[06:07 am] mikewd2 -: AMLN – buyout
rumor
[06:07 am] joeytsa : thx
[06:09 am] mikewd2 -: WLT may provide
tradeable bounces again today
[06:11 am] joeytsa : ES testing that 1333
from yesterday
[06:11 am] joeytsa : i keep expecting a 1330
test
[06:11 am] lisas : gm all
[06:14 am] mikewd2 -: definitely didn’t hold
my UVXY (vix) swing long enough
[06:15 am] joeytsa : once you exit a trade,
let it exit your mind 🙂
[06:15 am] mikewd2 -: hard to do! – but your
right
[06:16 am] joeytsa : yeah it can be
[06:16 am] mikewd2 -: expecting CHK to
provide tradeable bounces, with Icahn
lurking
*** austria -, Welcome to the
TradeStocksAmerica Live Trading Room
[06:18 am] eyes : GM Everyone
[06:18 am] qwert : gm eyes
[06:21 am] mhaus : Good Morning all
[06:22 am] scalpman : gm all
[06:23 am] scalpman : Hi joey, liasa, mike,
eyes qwert and mhaus
[06:23 am] scalpman : Hi Ed
[06:23 am] cdougan : Morning all.
[06:23 am] qwert : morning scalp
[06:24 am] Ed : scalp is in the building
[06:24 am] jolliffboy : GM everybody. Are
there any traders in our group living in the
Tampa Bay Florida area?
[06:24 am] scalpman : Ha
[06:24 am] scalpman : Chicago
[06:24 am] mhaus : gm scalpman
[06:25 am] eddy : hello mitch ed
traders
[06:26 am] aussie123 : GM from
Phoenix…This may be a good day to take a
look at TNA???
[06:26 am] hportofino19 : lets rock
[06:28 am] victor51 : good morning all
[06:29 am] joeytsa : big candle on AMZN
[06:32 am] joeytsa : VRTX strong, LNKD
weak
[06:36 am] joeytsa : MKTX spike, very low
vol though
[06:37 am] mikewd2 -: no shares to short SYNC
– at TS
[06:37 am] joeytsa : CL – Colgate
moving
[06:38 am] joeytsa : SINA earnings
today
[06:40 am] joeytsa : nice rebound on HD
[06:40 am] khall : yes, very nice
[06:40 am] mikewd2 -: WLT
[06:44 am] joeytsa : AAPL testing prev
low
[06:45 am] joeytsa : TJX cons above prev hi,
break above $42 would be nice
[06:50 am] mh : hahah
[06:50 am] joeytsa : 🙂
[06:51 am] joeytsa : VRTX pullback to prev
hi
[06:53 am] mikewd2 -: i got it Mitch,
14.80
[06:55 am] mikewd2 -: out half CHK 15.35
[06:57 am] mikewd2 -: stopped other half CHK
15.20
[06:57 am] skydiver : Nice one mike
[06:57 am] joeytsa : great trade mike
[07:00 am] scalpman : Out 1/2 CHK S
[07:00 am] skydiver : Housing market index
was up over expectations
[07:04 am] scalpman : Out 1/4 CHK S
[07:05 am] joeytsa : crude tested $105
twice
[07:07 am] scalpman : All out CHK S….
[07:07 am] mikewd2 -: nice scalp
[07:07 am] joeytsa : good one scalp
[07:07 am] mikewd2 -: got to remember to
switch my trade.
[07:11 am] mikewd2 -: BMC Software says
pursuing sale not in best interest of
shareholders
[07:11 am] joeytsa : VRTX trying to hold
prev cl
[07:12 am] joeytsa : DECK strong so far
[07:15 am] joeytsa : tighten stop on VRTX if
short
[07:18 am] skydiver : Just jumped on for a
few minutes to see how all going — have to
go to a conference today and tomorrow, so see
you all Thursday morning 🙂
[07:19 am] joeytsa : have fun sky
[07:19 am] skydiver : 🙂
[07:19 am] qwert : enjoy sky
[07:19 am] mikewd2 -: WLT at support
[07:22 am] joeytsa : AMZN wants above
$230?
[07:22 am] joeytsa : keeps testing it
[07:25 am] scalpman : No shorts on GLNG
[07:26 am] joeytsa : LNKD with a nice
rebound from early drop
[07:26 am] mikewd2 -: nor at TS scalp
[07:27 am] joeytsa : ES testing 1340
[07:30 am] joeytsa : LNKD into some res
[07:31 am] aussie123 : Keep em coming
[07:34 am] mikewd2 -: WLT still weak
[07:40 am] mhaus : How about UA?
[07:42 am] mikewd2 -: WLT trying to
bounce
[07:45 am] qwert : LNKD still climbing
[07:45 am] mikewd2 -: WLT still faling
[07:45 am] scalpman : PII S 79.01
[07:46 am] jsn13 : not advisable to buy
dontrending stocks?
[07:47 am] mikewd2 -: i’ve shorted WLT twice
today jason
[07:47 am] eyes : weres Brent
[07:47 am] scalpman : OUt PII b.e,
[07:47 am] jsn13 : at the break of 60?
and?
[07:47 am] scalpman : Had a tight
stopp…PII still strong
[07:49 am] scalpman : zAGG watch for S
[07:49 am] scalpman : No SHORTS on
ZAGG…
[07:49 am] scalpman : JIVE S watch
[07:49 am] scalpman : No shorts…on
JIVE
[07:51 am] eyes : Is Brent still with the
room
[07:52 am] scalpman : Mitch …PII
suggestions?
[07:52 am] Mitch K: no eyes, Brent is doing
his own thing now
[07:54 am] Ed : WLT was weak yesterday
also
[07:54 am] scalpman : PII S @ 79.22
[07:55 am] scalpman : Pie….DIE!
[07:59 am] joeytsa : NFLX trying for
hod
[07:59 am] joeytsa : watching LNKD for
another break
[08:00 am] scalpman : Stopped half on
PII…(tight stopp_
[08:01 am] jsn13 : thanks Ed for the
advice….
[08:03 am] joeytsa : LNKD pullback to
support
[08:04 am] scalpman : Mitch is that the
SHORT signal on PII…?
[08:04 am] Ed : hope u got lnkd from this am,
was having computer issue, could not give
exits
[08:05 am] joeytsa : 🙂
[08:05 am] joeytsa : ES just sold off a
bit
[08:08 am] scalpman : No shorts on
UVXY….
[08:10 am] qwert : JOY getting more selling
and volume
[08:11 am] scalpman : GLNG monitor for
L
[08:14 am] scalpman : Trailing stop on PII
S
[08:15 am] joeytsa : ES back into 1333 area,
been strong support so far…still expecting
a 1330
[08:15 am] scalpman : All out PII S
[08:15 am] joeytsa : nice trade scalp
!!
[08:19 am] mikewd2 -: very nice scalp, didn’t
see the short
[08:19 am] mikewd2 -: when you got in
[08:19 am] samui : shw
[08:19 am] qwert : OPNT consolidation
[08:22 am] joeytsa : qwert, its either cons
or just dead haha
[08:30 am] scalpman : Mike…I got in once
at 79.01…but stopped even. Then again at
79.22 and it finally dropped
[08:31 am] scalpman : Mitch had called a
“watch” for short…about hour before.
[08:31 am] eyes : BHI
[08:31 am] scalpman : and thanks Joey.
[08:32 am] chinhngo : chk bounced
[08:32 am] scalpman : I got out a little
early….
[08:32 am] scalpman : I thought it might hit
support at 77.50
[08:33 am] scalpman : …which of course, it
did!
[08:33 am] joeytsa : good catch though
[08:34 am] scalpman : Missed GLNG L…I was
fooling around with REXX which is frozen in
time.
[08:34 am] scalpman : Thanks joey
[08:34 am] joeytsa : see you all later
[08:35 am] shark : bye joey 😉
[08:35 am] qwert : cya joey
[08:35 am] joeytsa : whats up shark
[08:35 am] shark : got to Vegas
[08:35 am] shark : drove all night
[08:36 am] joeytsa : real cool
[08:36 am] joeytsa : i’ll be back in 90
[08:37 am] shark : great 🙂
[08:37 am] eyes : Anyone get BHI
[08:38 am] scalpman : Bey joey
[08:38 am] scalpman : bye
[08:39 am] scalpman : Ed…any lunch time
shorts on the horizon?
[08:40 am] Ed : dont see any great setups
yet
[08:41 am] scalpman : AWAY nearing top
[08:43 am] jsn13 : Ed, does AWAY look like a
breakout?
[08:43 am] eyes : I got in 100 shares 41.10
out 41.31
[08:44 am] Ed : which timeframe
[08:44 am] jsn13 : 1 min on AWAY?
[08:45 am] Ed : baby breakout and vol.
fizzled
[08:45 am] jsn13 : but i think there is a
very strong resistance ar 26…
[08:45 am] jsn13 : not enough
money…..
[08:59 am] eyes : Calling it a day got to
leave early 2 good to losers up +53
[08:59 am] lisas : bye eyes, great job!
[08:59 am] Ed : c ya eyes
[08:59 am] qwert : bye eyes
[09:04 am] murano : FIO
[09:04 am] cdougan : FIO
[09:11 am] qwert : Thanks for FIO 🙂
[09:26 am] mikewd2 -: Fusion-io falls after
conference presentation, support is at $20.51
pivot
[09:27 am] mikewd2 -: must not been a good
presentation – lol
[09:27 am] shark : lol
[09:28 am] shark : Fusion-io: Weakness being
attributed to comment at J.P. Morgan
Conference that suggested quarter may be more
back end loaded
[09:29 am] mikewd2 -: thanks shark
[09:32 am] mikewd2 -: watching WLT to see if
he can go thru 50ma
[09:32 am] samui : Mitch, What Chart you
look at, I using Schwab, and get another
price result
[09:33 am] Ed : the charts in room are
esignal
[09:34 am] Ed : both are on 1min
timreframe
[09:34 am] samui : Thanks
[09:35 am] samui : What do you mean
[09:55 am] mikewd2 -: CHK lod
[09:56 am] joeytsa : shark: are you
here?
[09:57 am] joeytsa : did anyone catch that
last segment on fast money?
[09:57 am] mikewd2 -: fast money regarding
what stock?
[09:58 am] joeytsa : about the arbitrage
trade
[09:58 am] joeytsa : guy took advantage on
the millesecond difference info transfer
between chicago and ny
[09:59 am] joeytsa : LXU alert
[09:59 am] joeytsa : $4+ move past few
minutes
[10:02 am] qwert : news on LXU
[10:02 am] murano : LXU plant explosion in
Arkansas
[10:02 am] joeytsa : thx
[10:02 am] Ed : they had to shut down
[10:02 am] qwert : thx
[10:03 am] jsn13 : So it is too negative to
play for the bounce right?
[10:04 am] mikewd2 -: jason, definitely an
advanced type trade.
[10:05 am] joeytsa : good question though
jsn
[10:05 am] joeytsa : seems like a typical
overreaction, but i dont know the extent of
the news
[10:06 am] mikewd2 -: right joey, don’t know
the details of the company – is this their
only plant?
[10:06 am] joeytsa : looks pretty big
though
[10:07 am] mikewd2 -: does this put them out
of business for a while.
[10:07 am] joeytsa : thats what i dont
know
[10:07 am] jsn13 : prob only HFT would take
this kind of trade….
[10:07 am] jsn13 : Ed, did u take FIO long
the 2nd time?
[10:09 am] Ed : as traders we like news cuz
it moves stocks, but the action of stock is
all we need to focus on. it is a great
question though, on something like this
partticular news it is advanced trade and u
can make money on long/short. On long u have
to be quick and nimble
[10:10 am] joeytsa : great point
[10:11 am] Ed : yes I did Jsn13 normally I
dont but I like the edge
[10:12 am] jsn13 : where is ur entry? for
the 2nd time?
[10:13 am] jsn13 : what is ur potential risk
and potential target(reward)?
[10:14 am] joeytsa : BIDU testing prev
hi
[10:14 am] Ed : there is my entry I pointed
too jsn
[10:14 am] Ed : on 2nd attempt
[10:14 am] jsn13 : ok see it….what pattern
is that?
[10:14 am] joeytsa : read that BIDU might
launce a mobile cloud phone
[10:15 am] jsn13 : and where is ur 1st
target? i see 21.20 as first
resistance…
[10:16 am] Ed : looks like harami, took of
3/4 21.09 letting last 1/4 ride
[10:17 am] jsn13 : for the 1st attemp, what
price did u get? and the entry is 12.06 est
right?
[10:20 am] Ed : for signal entry yes that
would be it, I had buy 21.01 @ 12:05 and 2nd
buy 21.23
[10:20 am] mikewd2 -: nice rebound in BMC
after that lod
[10:21 am] jsn13 : Ok thanks Ed….the 21.01
is a more peculative buy?
[10:21 am] joeytsa : yeah mike
[10:22 am] Ed : aggressive buy yes.
[10:23 am] Ed : nice mike BMC
[10:23 am] joeytsa : ACAT on a nice $3 run
the past hour
[10:23 am] jsn13 : so u have ur orders in
even b4 it dropped down to 21 area?
[10:24 am] Ed : yes
[10:25 am] jsn13 : ok nice Ed….
[10:25 am] qwert : Ed was your aggressive
buy 1/4 position with stop 10 cents
below?
[10:26 am] qwert : on FIO
[10:26 am] mikewd2 -: out half WFT +0.7
[10:26 am] mikewd2 -: sorry WLT
[10:28 am] jsn13 : mike where was ur entry
for WLT long?
[10:28 am] mikewd2 -: 58.10 once it went over
the 50ma
[10:28 am] Ed : it was 1/2 position but with
.04 stop
[10:29 am] qwert : thx Ed
[10:29 am] joeytsa : wow, 4cent stop..thats
tight
[10:30 am] Ed : on those aggressive plays I
play it tight especially with 1/2
position
[10:30 am] joeytsa : makes sense
[10:30 am] qwert : Nice
[10:31 am] joeytsa : you had that prev low
support also
[10:31 am] joeytsa : and the rd #
[10:32 am] qwert : yeah previous low at
20.95
[10:32 am] Ed : yep, but on those aggressive
plays like that u dont want to do all the
time will hurt ur consistency, thats why Im
small and tight when I do it
[10:32 am] joeytsa : right
[10:33 am] qwert : you only do it if you
have a very well defined area of support
Ed?
[10:33 am] Ed : yes
[10:34 am] qwert : thanks thats what i
thought
[10:34 am] Ed : and when Im not feeling
lucky
[10:34 am] qwert : haha
[10:34 am] victor51 : Any more news on
LXU?
[10:34 am] joeytsa : i would have waited for
the cross/test/hold of 21.11 , used 20.95 as
stop with targets at 21.60,21.80,22.00
[10:35 am] Ed : yep, seats for everyone on
the train, but u must get on
[10:35 am] joeytsa : 3:1, 4:1 or 6:1
potential
[10:35 am] Ed : no change in news on LXU, may
take some days to get sorted
[10:35 am] joseph : reactor might melt
down
[10:36 am] joseph : like japan
[10:36 am] Ed : would not be good for home
team
[10:36 am] joeytsa : nope
[10:37 am] jsn13 : Ed, i waited for the
12.06 bar to open and got 21.29….was it too
late? at that point i feel like my risk is
higher but i like the pattern so juz take it
right away….
[10:38 am] khall : that’s a little
scary
[10:38 am] khall : no bottom on commodities
yet
[10:39 am] khall : maybe disconcerting is a
better word
[10:39 am] Ed : no thats nice price after
gettin confirmation,
[10:40 am] Ed : those are some ugly
charts
[10:40 am] khall : yep
[10:40 am] mikewd2 -: LSB Industries, has
insurance for replacement cost of the
reactor. But has 1million deductible.
[10:41 am] jsn13 : ok thanks…was nimble on
this trade, got ok exits at 21.44 and
21.48…
[10:41 am] mikewd2 -: no one hurt and no
environmental damanged expected.
[10:41 am] Ed : thats what we want to
hear
[10:42 am] Ed : they dont want to alarm
anyone Im sure
[10:50 am] victor51 : Tight stop limit
helped me a lot on LXU
[10:51 am] Ed : did u take long/short
victor
[11:00 am] Ed : see how on LXU you had only
one good bounce for long side the rest has
been slow steady downtrend. Nice chart to
study. 3 years ago I would have taken it long
50 times and wonder what was wrong with me.
The chart tells u everything if u pay
attention
[11:02 am] Ed : and after the 5oth trade, I
found TSA and called Mitch and this is what I
said,
[11:03 am] qwert : haha
[11:03 am] lisas : lol
[11:03 am] Mitch K: but i had my MUTE button
on though
[11:03 am] Ed : lol
[11:03 am] qwert : haha
[11:04 am] Mitch K: i remember thinking and
saying that I can help this guy, he is humble
enough to learn
[11:04 am] Mitch K: and i figured he wasnt
totally ruined and can reverse his
habits
[11:05 am] mikewd2 -: but you were
wrong????
[11:05 am] mikewd2 -: lol
[11:05 am] Ed : lol
[11:05 am] victor51 : Ed, I had long with
.15 limit
[11:05 am] Mitch K: actually, you pretty much
learned on your own, you just needed more
training, you think Ed?
[11:06 am] Ed : true, by putting lot of
pieces together
[11:07 am] Mitch K: what I find is people
seem to really have these big breakthroughs
around the 18 month period from the start if
they really stayed with it and studied,
reviewed charts, practied over and over.
[11:07 am] Mitch K: i still believe that it
is not necessary to lose a lot of money
before you start making money. but
unfortunately, most people learn the hard
way
[11:08 am] eddy : ia acat worth takin long
now?
[11:08 am] joeytsa : agreed…i lost money
🙂
[11:08 am] Ed : ur fine victtor, when I saw
chart it reminded me back then
[11:08 am] eddy : ia=is
[11:08 am] Ed : agreed I learned hard
way
[11:08 am] Mitch K: i dont care for that idea
eddy
[11:08 am] eddy : ok
[11:08 am] joeytsa : i dont like the lower
high on ACAT at the moment
[11:09 am] Mitch K: eddy, thats a “Im getting
bored” trade
[11:11 am] jsn13 : joey do u have microsoft
word?
[11:12 am] qwert : yeah i learned the hard
way as well , but thx to tsa been profitable
every day but 1 for at least 5-6 monthes
[11:12 am] joeytsa : probably haha
[11:12 am] joeytsa : thats great qwert
[11:12 am] mikewd2 -: nice work qwert
[11:12 am] eddy : how long have you been
trading for qwert?
[11:12 am] victor51 : Ed, where would you
set target on LXU long
[11:12 am] gub : I see the red line being
moved on the ACAT chart but it would be nice
to see some explanation of what is being
conveyed for us newbies.
[11:12 am] Ed : nice going qwert, maybe u can
buy the candelas restaurant from me
[11:13 am] mikewd2 -: did you find the bottom
victor on LXU?
[11:13 am] qwert : full time for about 2
years eddy
[11:13 am] eddy : ok
[11:13 am] jsn13 : can u copy the calls or
the chat for me today? my browser crashed and
restarted so i lost the record fo the calls
in the morning….i want to have it as a
record to study later….thanks…
[11:13 am] qwert : yeah i still have that
pic of candelas rest.
[11:14 am] joeytsa : i will see if i can do
that..if not, its usually in the nightly
dsr
[11:14 am] Ed : typically playing the 1st
sellof with increased vol. after that, u look
for more rounded bottom, litterally like a U
shaped bottom, dont buy the high, wait for
pullback and see if it holds
[11:15 am] jsn13 : joey, i think they were
not there anymore after Brent left…
[11:15 am] joeytsa : i will see if i can
copy them
[11:15 am] jsn13 : thanks alot….
[11:16 am] joeytsa : not sure the easiest
way to do that
[11:16 am] Ed : have to reboot room right
quick
[11:17 am] jsn13 : joey, u mean when copying
the calls from the mdoerator section?
[11:18 am] Ed : did I anwser ur q victor
[11:20 am] murano : TRIP
[11:21 am] Ed : this is also victor where
5min chart helps, make it easier to spot
change of trend
[11:21 am] Ed : u may give up some money but
ur on right side of trade
[11:21 am] mikewd2 -: LXU rebounding
nicely
[11:22 am] qwert : wow nice consolidation
breakout on TRIP
[11:22 am] jsn13 : Ed, do u use the
candlestick on 5 min chart to decide?
[11:22 am] victor51 : Thanks. I am also
watching 5 min. now
[11:24 am] mikewd2 -: got in LXU late but
paying off
[11:24 am] Ed : no, I trade off of 1min, but
when Im looking for trend change on slow
mover will use to glance at
[11:25 am] joeytsa : whats the easiest way
to copy the transcript?
[11:25 am] mikewd2 -: all out LXU
[11:25 am] lisas : wow, trip. Didn’t notice
qwert, coming back down now.
[11:25 am] joseph : can u short lxu again
now
[11:26 am] jsn13 : joey, right click on the
scroller and paste it on the new word
doc….thats all….
[11:26 am] jsn13 : right click and select
copy all chat history…
[11:27 am] Ed : I would not at this juncture
joseph
[11:27 am] joeytsa : got it jsn13
[11:27 am] jsn13 : thansk so much
joey….
[11:27 am] jsn13 : Ed, did u take TRIP
short?
[11:28 am] Ed : its already dropped over 20%,
whille it could drop further, no edge here in
taking short in my opinion
[11:28 am] Ed : no did not jsn13
[11:28 am] joeytsa : jsn: give me your email
again
[11:28 am] joseph : ok thanks
[11:28 am] mh : mike do you follow LPR
another energy stock i may buy some
today
[11:29 am] jsn13 :
[email protected]
[11:29 am] joeytsa : got it
[11:29 am] jsn13 : Ed, why? lousy
setup?
[11:30 am] Ed : never had a chance to see it,
was scanning
[11:30 am] jsn13 : ok but how bout the
setup? what is the pattern at the top? i
wasn’t sure thats passed…
[11:30 am] jsn13 : as in that is why i
passed….
[11:30 am] Ed : which stock
[11:31 am] jsn13 : TRIP
[11:31 am] joeytsa : jsn13: just sent them
to you, let me know if it attached
correctly
[11:32 am] jsn13 : ok haven’t receive
it….
[11:33 am] Ed : i would like a push higher to
consider short
[11:34 am] jsn13 : so it is more like not
enough money in it?
[11:34 am] joeytsa : it would help if i sent
it to the email address…hang on
[11:36 am] Ed : it would just increase my
edge on short side, with increasing price,vol
into potential resistance in that area
[11:36 am] jsn13 : ok thanks Ed…
[11:36 am] joeytsa : 2nd attempt jsn
[11:37 am] jsn13 : Ok got it thanks
joey….
[11:37 am] joeytsa : cool
[11:38 am] jsn13 : nice nice….thanks
alot…
[11:38 am] joeytsa : 🙂
[11:38 am] mh : GRPN falling nice
[11:38 am] Ed : mike must have taken profits
today
[11:40 am] joeytsa : haha
[11:41 am] joeytsa : LXU was nice
[11:42 am] joeytsa : see if it can bust
higher
[11:43 am] qwert : LXU right below vwap
[11:43 am] joeytsa : yep, and has room to
run, but im happy with profits for now
[11:44 am] jsn13 : where did u enter joey
for LXU?
[11:44 am] joseph : wouldn’t be a
shortlxu
[11:44 am] qwert : trip consolidation below
hod
[11:44 am] joeytsa : right around $25
[11:45 am] gumroadboy : anyone on chat room
near Tampa, would like to form small group to
share ideas !
[11:45 am] qwert : nice joey
[11:46 am] Ed : nice joey joey joey
[11:46 am] joeytsa : no complaints, gave
myself a bit of room on a stop
[11:46 am] joeytsa : thx
[11:46 am] jsn13 : was it at the higher low
joey?
[11:46 am] joeytsa : no jsn, buts thats
where i usually would have entered…
[11:47 am] joeytsa : gunslinged a bit when
$25 kept holding, while the indis made a
positive divergenge
[11:47 am] joeytsa : but it was slight pos
div
[11:48 am] mikewd2 -: i did Ed on LXU, but
got back in when it dip to 20ma
[11:48 am] Ed : nice mike
[11:49 am] joeytsa : jsn: my target was $27,
so i gave myself a 50cent stop loss making it
a 4:1 potential
[11:50 am] Ed : are those begas odds, or
stock odds
[11:50 am] joeytsa : probably too much of a
stop, but it is what it is
[11:50 am] joeytsa : joey’s odds
[11:50 am] joeytsa : i always make my own
odds line
[11:50 am] Ed : we will take it
[11:50 am] mikewd2 -: you still in the trade
on LXU? joey
[11:51 am] jsn13 : haha nice nice…
[11:51 am] Ed : quote from uncle sam
[11:51 am] joeytsa : and i used $27 as my
target because thats where the last breakdown
came from
[11:51 am] joeytsa : $26 target could have
been used as a more conservative/50% fib
retracement also
[11:52 am] mikewd2 -: needs to push thru
27
[11:52 am] jsn13 : good one joey….
[11:52 am] jsn13 : where is ur entry
mike?
[11:52 am] joeytsa : $26 target, i would
have put in a tighter stop also
[11:52 am] joeytsa : ES coming to test 1333
again
[11:53 am] joeytsa : LNKD falling
[11:53 am] victor51 : our 1/2 LXU. Thanks
everyone
[11:54 am] Ed : nice patience victor
[11:54 am] joeytsa : nice victor
[11:54 am] victor51 : # and 5 min. were
pretty clear. Thanks
[11:55 am] mikewd2 -: WFT new lod
[11:56 am] joeytsa : if that stock loses $12
level, might shoot to $10 quickly
[11:57 am] joeytsa : FOSL has been ugly
[11:57 am] joseph : the plant is closed
[11:57 am] joeytsa : thx joseph
[11:58 am] Ed : been Ugly
[11:58 am] joeytsa : haha
[11:58 am] mikewd2 -: I agree joey on
WFT
[11:58 am] joseph : i imagine this will be a
short soon
[11:58 am] joeytsa : AMZN pulling back into
that $226 area again
[11:58 am] jsn13 : Ed, for this breakout
example, what is ur buy signal and where is
ur entry?
[11:59 am] joseph : don’t know how much
damage orwhy
[12:00 pm] joeytsa : GM will stop buying ad
space on facebook…nice timing guys
haha
[12:01 pm] mikewd2 -: yeah
[12:01 pm] joeytsa : GM sees facebook as
ineffective
[12:01 pm] joeytsa : they might be right, i
dont ever clikc on the ads there
[12:02 pm] joeytsa : ES inching close to
1330
[12:05 pm] mikewd2 -: push LXU
[12:06 pm] joeytsa : some res here mike
[12:06 pm] mikewd2 -: pushed thru there
[12:06 pm] joeytsa : nice
[12:09 pm] joeytsa : took long enough
[12:09 pm] Ed : come on down PEP
[12:10 pm] mikewd2 -: taking some off here
27.80, +1.45
[12:10 pm] joeytsa : just a matter of time
b4 1330 had to be tested
[12:13 pm] joeytsa : bombs away
[12:13 pm] joeytsa : vix @ 22.53
[12:15 pm] mh : WOW FOSL what a chart
[12:15 pm] Ed : ok jsn, when saw PEP start to
move 2:46 est, I looked at daily and saw she
is breaking out on daily, so waited on stock
to let me know what its giving on 1min chart,
vol dropped off and had rejection of higher
prices 2:47, (short not enough money, my
thoughts), 2:48 est its holding 67.62 firm,
2:49 I see vol picking back up and Im on
train, more buyers come in and we are off and
after I took profits decided to wait for
short setup
[12:16 pm] mikewd2 -: UVXY, over 18
[12:18 pm] qwert : great explanation Ed
[12:18 pm] mikewd2 -: out another 1/4 28.07
on LXU
[12:19 pm] Ed : thx qwert
[12:19 pm] Ed : mike is milking it, nice
going mike
[12:19 pm] qwert : I didnt get the long just
waited for the short setup, but i like your
thinking on the initial move
[12:19 pm] jsn13 : so ur entry was at 2.49pm
ED?
[12:20 pm] Ed : yes
[12:20 pm] jsn13 : it is a very good
explanation….thanks Ed, u make things
concrete and easy to learn and
understand…
[12:21 pm] jsn13 : what is ur entry price
and stop?
[12:21 pm] Ed : short or long
[12:21 pm] qwert : tell us both ed
[12:22 pm] mikewd2 -: all out LXU 29.05,
+2.70
[12:22 pm] jsn13 : long
[12:22 pm] Ed : long 67.71 short was
68.38
[12:22 pm] mikewd2 -: this was my best profit
trade in a long long time
[12:23 pm] mikewd2 -: re: LXY
[12:23 pm] eddy : well done mike
[12:23 pm] Ed : hey mike
[12:23 pm] qwert : nice trade mike
[12:23 pm] joeytsa : nice mike, just stick
with those movers
[12:23 pm] mikewd2 -: i like those joey
[12:23 pm] Ed : hey mike
[12:23 pm] mikewd2 -: my oils are moving just
the wrong way – lol
[12:23 pm] joeytsa : send my commission
🙂
[12:23 pm] joeytsa : yeah i just checked on
your buddy hahaha
[12:25 pm] qwert : Ed do you adjust your
short on PEP when it gets close to the 50sma
on 1 min chart
[12:25 pm] joeytsa : with this 1330 test
finally, maybe the markets can make a big
move
[12:25 pm] Ed : yes, Im sitting on last 1/4
though, tend to be more liberal at times
[12:26 pm] Ed : with that last1/4
[12:26 pm] qwert : okay thx
[12:26 pm] Ed : wow only 34 min left in
trading day
[12:26 pm] qwert : where do you have your
stop at now on PEP short
[12:27 pm] joeytsa : yeah quick day
[12:27 pm] qwert : i have mine at 68.11
[12:27 pm] joeytsa : GS losing $100
[12:27 pm] Ed : just move it 68.08
[12:29 pm] qwert : funny how you almost
always get the bounces aroung the moving
avgs.
[12:29 pm] Ed : true
[12:32 pm] joeytsa : yeah qwert, s/r tend to
be self-fulfilling prophecies 🙂
[12:32 pm] qwert : absolutely
[12:33 pm] qwert : now its trying for vwap
bounce
[12:33 pm] eyes : Im Back did i miss
anything
[12:33 pm] Ed : yes and no
[12:33 pm] qwert : we all made millions
:))
[12:33 pm] mikewd2 -: LUX still moving
[12:34 pm] eyes : thats good to hear
[12:34 pm] qwert : haha
[12:34 pm] Ed : but u cant trade it anymore
mike, we restrict you
[12:34 pm] mikewd2 -: no i’m really done for
today
[12:34 pm] mikewd2 -: thanks for the reminder
Ed
[12:35 pm] joseph : lookatlxu
[12:35 pm] Ed : we learn each other after a
while
[12:35 pm] joseph : look at lxu
[12:35 pm] joeytsa : ES now coming into 1330
as res
[12:35 pm] eyes : ADM
[12:36 pm] joeytsa : athens composite index
@ 22yr lows
[12:36 pm] joeytsa : spain/portugul at multi
year lows also
[12:37 pm] eyes : anf looks inter
[12:38 pm] joeytsa : SINA,JCP after the
bell?
[12:38 pm] khall : SINA yes
[12:38 pm] Ed : thx joey
[12:38 pm] joeytsa : i put SINA back on the
monitor just for today
[12:39 pm] joeytsa : thanks Ed
[12:39 pm] kevinmatt : goin to 125
[12:39 pm] joeytsa : EQIX bouncing
[12:40 pm] Ed : as traders we just want
action
[12:41 pm] Ed : I think someone just showed
Ben the SPY chart also
[12:41 pm] joeytsa : haha
[12:41 pm] joeytsa : someone dialed q e
3
[12:41 pm] Ed : yea
[12:42 pm] joeytsa : then 4, 5, 6 if
needed
[12:42 pm] joeytsa : future generation as no
chance
[12:42 pm] Ed : to infinity and beyond
[12:43 pm] Ed : oh thats toy story
[12:43 pm] joeytsa : haha
[12:44 pm] joeytsa : gold to $5K 🙂
[12:50 pm] joeytsa : AVP big spike
[12:51 pm] joeytsa : over $3 spike on that
candle
[12:51 pm] Ed : someone is happy and someone
is saying what happened
[12:51 pm] joeytsa : yeah, that was one heck
of a consolidation
[12:52 pm] Ed : ur right all day
[12:52 pm] jsn13 : did u buy it joey?
[12:53 pm] joeytsa : no, it just blew up my
scanner
[12:53 pm] jsn13 : 1 min 3 bucks
profit….
[12:53 pm] jsn13 : haha…
[12:53 pm] joeytsa : would be nice if they
would let me know ahead of time 🙂
[12:53 pm] victor51 : Joey, thanks for
bringing LXU. It was sweet and holding 1/4.
Also thanks to Ed for directing me to 1 and 5
min. charts
[12:54 pm] Ed : no problem, nice trading
victor
[12:54 pm] joeytsa : no prob v
[12:55 pm] joeytsa : 5 minutes left
[12:58 pm] gub : The music is awesome – who
is it – give me utube channal
[12:58 pm] victor51 : good night all See you
all. It’s quite soothing .Can we have music
in background. Just an idea
[12:58 pm] Ed : selection is slim
[12:59 pm] gub : What is the music – I got
to find out! Please!
[01:00 pm] jsn13 : victor51, do u have a
facebook acc?
[01:00 pm] Ed : thats theme song to gladiator
by hans zimmer, klaus and lisa gerrard
[01:00 pm] gub : My daughter will love it –
What is the name of this song?
[01:01 pm] gub : Thank you. It’s nice to
hear real music. And when i hear it I know
its real.
[01:01 pm] Ed : now wea re free
[01:01 pm] eyes : see you all tomorow
[01:01 pm] gub : Until tommorrow.
[01:01 pm] joeytsa : fun day
[01:01 pm] Ed : now we are free is name
[01:02 pm] gub : Oh. Me thank you!
[01:02 pm] qwert : good night everybody thx
for another fun day
[01:02 pm] cdougan : thanks all! have a
great day
[01:02 pm] Ed : no problem
[01:02 pm] khall : night all
[01:03 pm] joeytsa : Thanks Mitch, Ed,
everyone
[01:03 pm] Ed : u 2 joey
[01:03 pm] joeytsa : JCP big spike
[01:04 pm] joeytsa : $6 move on JCP
[01:05 pm] Ed : JCP is ending quarterly
dividend also
[01:05 pm] joeytsa : ahhh
[01:05 pm] joeytsa : guess i should have
shorted
[01:05 pm] joeytsa : didnt know that
[01:05 pm] Ed : yea, that and avp
[01:06 pm] joeytsa : yep
[01:07 pm] Ed : sounds funny trading retail
stocks
[01:08 pm] joeytsa : yeah..back in the day i
only traded nasd
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