| (05:58 am) Mitch King:S & P 500 really
moving up. Markets should start rebounding
today and tomorrow.
(06:03 am) Mitch King:6J Yen really selling
off now.
(06:03 am) JoeyTSA :/6J active, about 30min
ago it went crazy
(06:05 am) Ed :Im long the USD/JPY from 93.80
small lot. mentioned last friday
(06:06 am) Ed :yes Mitch
(06:06 am) Ed :started small 1lot which is
10k units
(06:06 am) Mitch King:thats a swing trade?
(06:06 am) Ed :stop is underneath 93 level
(06:06 am) Mitch King:Nice job Ed
(06:06 am) Ed :I had order sitting got filled
early this morning
(06:08 am) Ed :It iwll be a bumpy ride as to
why I started small
(06:08 am) Mitch King:In about ten days.
(06:08 am) Mitch King:That 93.80 level on the
daily chart looks really good Ed. Could get
over $98 level.
(06:09 am) Mitch King:the underlying
technicals will eventually override the noise
of political decisions and news about Japan
(06:11 am) JoeyTSA :/6J making dbl bot here,
on watch
(06:14 am) Ed :and also GS
(06:14 am) Ed :stocks like
AMZN,AAPL,LNKD,NFLX,PCLN,GOOG trying to hold
key levels
(06:15 am) Ed :today is POMO day, fed can buy
3.5 billion of equities
(06:15 am) Mitch King:Pre Market UP: SPRD,
SWY, GCI, BHP, MLNX, BBL, VRTX, BLC, RIO,
ADVS, FIVE, CHL, TSLA, GIMO, RIO. Pre Market
DOWN: FSLR, DD, BIIB, BUD, GLD.
(06:17 am) Ed :make sure be flexible
(06:26 am) JoeyTSA :GILD,CELG both got
upgraded by Argus
(06:29 am) JoeyTSA :/6J nice move off that
dbl bot 🙂
(06:30 am) Mitch King:watching WPC
(06:30 am) Mitch King:watching ILMN
(06:30 am) Mitch King:watching BLC
(06:31 am) Mitch King:watching PVH
(06:31 am) Mitch King:watching ABBV
(06:31 am) JoeyTSA :ABBV for bottom
(06:31 am) Mitch King:watching SWY
(06:31 am) Mitch King:monitoring SCCO
(06:31 am) JoeyTSA :eye on TSLA
(06:32 am) JoeyTSA :eye on AAPL, $434-435
res
(06:32 am) Mitch King:watching PNR
(06:32 am) Mitch King:watching SYNA
(06:32 am) Mitch King:watching MPW
(06:32 am) JoeyTSA :ULTA for bottom
(06:33 am) Mitch King:MLNX
(06:33 am) Mitch King:watching ABBV closer
(06:34 am) JoeyTSA :eye on ALKS
(06:34 am) Mitch King:watching STJ
(06:34 am) Ed :monitoring VRTX
(06:35 am) Mitch King:monitoring SPRD
(06:35 am) Mitch King:monitoring OHI
(06:35 am) Mitch King:watching MW
(06:36 am) JoeyTSA :/TF trying to hold 200ma,
sold off since open
(06:36 am) Mitch King:monitoring DXCM
(06:36 am) Mitch King:watching XIV
(06:37 am) Mitch King:monitoring AKAM
(06:37 am) Mitch King:consider reducing ABBV
(06:37 am) Mitch King:watching NFLX
(06:38 am) JoeyTSA :/CL trying to hold 200ma
also
(06:39 am) Mitch King:monitoring CTB
(06:39 am) JoeyTSA :AAPL on the edge, looks
weak
(06:40 am) JoeyTSA :eye on NFLX here at $210
(06:40 am) Mitch King:watching VVUS
(06:41 am) Mitch King:/ES
(06:41 am) Mitch King:ES bouncing
(06:42 am) Mitch King:monitoring MSFT
(06:45 am) Mitch King:monitoring BBRY
(06:48 am) Mitch King:watching VNDA
(06:49 am) Ed :JP) Magnitude 5.9 earthquake
strikes near Japan-
(06:51 am) Mitch King:monitoring WAB
(06:53 am) JoeyTSA :eye on TSLA again
(06:54 am) Mitch King:watching SWY
(06:54 am) Mitch King:watching GCI
(06:55 am) Ed :in tight range on SPY right
now, break should help cause more ideas
(06:55 am) JoeyTSA :bus inv # out in a couple
minutes
(06:58 am) Mitch King:watching QCOR
(06:59 am) JoeyTSA :eye on CAT for top
(07:03 am) JoeyTSA :eye on NOW for bottom,
marginal trade
(07:07 am) Mitch King:monitoring VRX
(07:08 am) Mitch King:watching AAPL
(07:10 am) Mitch King:watching FSLR
(07:12 am) Ed’s assistant :Monitoring MDP
(07:13 am) Mitch King:$USDJPY bouncing on buy
signal
(07:14 am) JoeyTSA :TSLA trying here
(07:16 am) JoeyTSA :BIDU got pop
(07:22 am) Ed :MYGN
(07:24 am) Ed :trailing stop last 1/4 MYGn
(07:24 am) Ed :out 3/4 MYGN long
(07:25 am) Ed :MYGn halted
(07:27 am) JoeyTSA :nat gas # in 2 minutes
(07:28 am) Ed :volatility trading pause on
MYGN
(07:31 am) Ed :MYGN Supreme Court said to
have issued a mixed ruling which could limit
Gene patents – financial press – Court rules
that isolated DNA is not patentable but
synthetic DNA is patentable.
(07:34 am) Mitch King:watching WMB
(07:36 am) Mitch King:watching BIIB
(07:40 am) JoeyTSA :closer eye on WLK
(07:41 am) Mitch King:monitoring KNDI
(07:42 am) Mitch King:watching CL07 for buy
signal soon
(07:47 am) Murano :ELN
(07:47 am) Murano :eln
(07:51 am) Murano :Covered 3/4 ELN
(08:01 am) Murano :Covered last 1/4 ELN
(08:07 am) Ed :out all MYGN long
(08:17 am) Mitch King:monitoring NUE
(08:34 am) Mitch King:looking for a bounce in
CL07
(08:56 am) JoeyTSA :BBBY trying to break over
$70
(09:01 am) Mitch King:WMB toppy
(09:06 am) Mitch King:monitoring LULU for
top
(09:12 am) Mitch King:monitoring BKS, Barnes
& Noble for a bounce today. using a long
interval on chart. It has had 2 big down
days now.
(09:13 am) Mitch King:i see a lot of stocks
where the froth is coming out of these stocks
in the last 10 days
(09:21 am) Mitch King:murano, you might get
another short helping on ELN if it keeps
going up
(09:32 am) JoeyTSA :might have been bad
tick?
(09:32 am) JoeyTSA :GME spike down, just
watching
(09:33 am) Mitch King:yeah i think it is, or
an itchy flea
(09:33 am) JoeyTSA :eye on MYGN @ 37 support
(09:56 am) Ed :NFLX been getting bid
(09:59 am) JoeyTSA :/ES still trending up
(10:08 am) Murano :Watching ADT
(10:25 am) JoeyTSA :nice pop on VRTX there
(10:33 am) Ed :NDAQ Fox Business’s Gasparino:
Company has considered conducting
acquisitions as well as the potential to go
private
(10:33 am) Ed :NDAQ may go private
(10:34 am) Ed :just keep eye on see if get
vol
(10:42 am) JoeyTSA :MYGN update, lost $37
support, struggling to regain 36.50
(11:01 am) Ed :SPY new hod
(11:21 am) JoeyTSA :nice move on /CL
(11:28 am) Murano :KORS
(11:28 am) JoeyTSA :KORS selling
(11:49 am) Murano :EAC
(11:52 am) JoeyTSA :TIVO vol spike
(12:03 pm) Ed :BEE thx regatta
(12:17 pm) Mitch King:watching MYGN for
bottom soon, MYGN
(12:30 pm) JoeyTSA :nice bounce on KORS
(12:32 pm) Mitch King:good job on KORS guys,
if we had more time it would be a short on
top of bounce but those often take an hour or
90 minutes
(12:51 pm) Ed :well only 9 minutes LOL
(12:51 pm) Ed :heading out early guys/gals
have great evening
(12:56 pm) Mitch King:you guys have a great
day. see you tomorrow
| (05:55 am) Qwert :Good morning to everybody
(05:55 am) elisha :Good Morning Qwert
(05:55 am) elisha :Good Morning Mitch, Joey,
Murano and everybody
(05:57 am) JoeyTSA :Good morning
Mitch,Murano,Qwert,everyone
(05:58 am) JoeyTSA :bus inv @ 7pdt,nat gas @
7:30pdt
(05:59 am) JoeyTSA :my /ES, /TF and /YM
contracts rolled over..my /ES chart looks a
bit weird
(06:00 am) JoeyTSA :gap up:
SPRD,ADVS,MLNX,GCI,SWY
(06:01 am) JoeyTSA :gap down: FSLR
(06:04 am) JoeyTSA :is anyone using /ES 09-13
? mine lost 1600 overnight, just want to see
if its accurate
(06:05 am) JoeyTSA :nice Ed, good morning
(06:07 am) JoeyTSA :both japan and china had
their growth forecast cut
(06:08 am) Ed :thx joey
(06:08 am) Ed :thx Mitch
(06:09 am) JoeyTSA :go all in 🙂
(06:10 am) Qwert :hahaha
(06:10 am) Ed :lol
(06:10 am) JoeyTSA :dont be scurrred
(06:10 am) Ed :go small works like charm, go
all in opposite happens LOL
(06:11 am) JoeyTSA :very true
(06:15 am) vince :good morning
(06:15 am) JoeyTSA :thx Ed, im just using
basic rd #’s for them
(06:15 am) JoeyTSA :ie: GS @ 160, AAPL-430
etc
(06:15 am) JoeyTSA :thx Mitch
(06:16 am) JoeyTSA :GCI/BLC was buyout
(06:16 am) JoeyTSA :correct Ed, if market
cant move up on that, things dont look good
then to me
(06:17 am) JoeyTSA :like the
flexi-hose…only 19.95 🙂
(06:17 am) JoeyTSA :but wait, order now and
you get 2 for the same price haha
(06:17 am) Qwert :bud
(06:18 am) elisha :Good Morning Ed and
Diosna
(06:18 am) Murano :Sobeys buying Safeway
Canada for 5.7 billion
(06:18 am) JoeyTSA :good morning Diosna
(06:18 am) skydiver :gm all
(06:19 am) JoeyTSA :are they chinese murano?
(06:19 am) JoeyTSA :i heard a chinese company
wanted safeway, or something like that
(06:19 am) Ed’s assistant :Good Morning joey
(06:20 am) Murano :No they are Canadian
(06:22 am) Murano :The parent company is
Empire Co LTD. They operate the Sobeys chain
in Canada.
(06:22 am) Ed :is lisa here
(06:23 am) JoeyTSA :oh ok, thanks murano
(06:23 am) Ed :we are going to have some
terrible weather today, so may lose u guys
later
(06:23 am) JoeyTSA :Ed< i think Lisa is in
NY, her son was graduating?
(06:23 am) Ed :safe place to be
(06:24 am) Ed :will pay attention to animals,
good clue
(06:24 am) JoeyTSA :yeah, very intune with
nature
(06:24 am) JoeyTSA :/ES looks like it bottomw
at 1592 area, now at 1607
(06:26 am) Ed :LULU seems to much like unknow
right now
(06:26 am) Ed :just my thinking wait and see
by street
(06:27 am) JoeyTSA :yeah, saw potential
insider trading right b4 that announcement
also
(06:27 am) Ed :always happens
(06:27 am) JoeyTSA :i guess the cfo sold a
bunch of shares about a week b4 the ceo
announced she was leaving?
(06:28 am) JoeyTSA :stuff like that is why
the avg person doesnt trust wall st
(06:28 am) Ed :true
(06:28 am) JoeyTSA :traders just play the
reaction, but investors get hammered
(06:29 am) Ed :been pretty active
(06:37 am) JoeyTSA :/6J up 50t since dbl bot
😉
(06:39 am) regatta :watching RKUS
(06:40 am) JoeyTSA :AAPL $434 was good res so
far, weak bounce here, could fall well into
the $420’s
(06:51 am) JoeyTSA :ipo COTY opening soon
(06:55 am) skydiver :positive comments from
ITG reseacrch on AAPL – estimates 30M units
vs consensus of 26.4M units
(06:55 am) skydiver :on sell of the new
Iphone coming up
(06:55 am) JoeyTSA :thx sky
(06:55 am) skydiver :not sure how that will
affect stock of AAPL . . . but there you go
(06:56 am) vince :mw sill moving up
(06:56 am) JoeyTSA :MW was great call, Mitch
gets ice cream tonight 😉
(06:57 am) vince :im buying
(06:57 am) JoeyTSA :haha
(07:01 am) JoeyTSA :/6J in 30c range, looking
for a break
(07:04 am) JoeyTSA :bus inv came in flat, as
expected
(07:04 am) skydiver :took me awhile to get
into profit on KORS long . .
(07:05 am) skydiver :got into KORS to early
but recovered
(07:05 am) JoeyTSA :nice sky
(07:05 am) skydiver :goes against my grain
but worked on patience and paid off’
(07:05 am) JoeyTSA :nice going
(07:06 am) skydiver ::)
(07:10 am) JoeyTSA :AAPL puts working nicely
(07:11 am) skydiver :nice joey
(07:11 am) skydiver :monitroing TSLA
(07:12 am) JoeyTSA :bounce off bottom of
range was nice on /6J
(07:13 am) JoeyTSA :MW threw off another nice
short
(07:14 am) qwert :hey everybody lost power
at home so at a friends house been a wild few
days for me
(07:14 am) skydiver :wow qwert . .. life not
boring for you 🙂
(07:14 am) JoeyTSA :hey qwert, yeah between
internet and flu..been rough for you
(07:14 am) qwert :no doubt hahaha
(07:14 am) JoeyTSA :might want to have a
meeting with sky’s boss 🙂
(07:15 am) skydiver ::)
(07:15 am) qwert :seriousely
(07:15 am) skydiver :I’ll chat with my boss
to fix it for you qwert 🙂
(07:15 am) qwert :thx appreciate it
(07:15 am) skydiver :no problem 🙂
(07:16 am) JoeyTSA :just switched my /TF
chart to /NG..report in 13 minutes
(07:16 am) elisha :on the plus side qwert –
you have a good friend who lets you work
there
(07:17 am) JoeyTSA :BIDU : see what it does
at $98
(07:17 am) JoeyTSA :Diosna ; nice on MDP,
you definately get tomorrow off 🙂
(07:17 am) qwert :oh for sure shes a great
friend to our family
(07:20 am) skydiver :come on down further
MDP would be nice
(07:21 am) skydiver :ouit 3/4 MDP short . .
.
(07:23 am) skydiver :WMB selling off a bit
due to an explosion at one of their plants
(07:24 am) qwert :nice ED
(07:24 am) skydiver :great job Ed
(07:26 am) JoeyTSA :nice on WMB sky
(07:26 am) skydiver ::)
(07:27 am) elisha :CLF on 15 min and 5 min
charts kind of interesting
(07:27 am) qwert :thx joey
(07:27 am) JoeyTSA :/NG has been trending up
past hour+
(07:28 am) skydiver :been great morning!! .
. . new internet being installed at my office
. . got to go and meet the install team . .
have great day 🙂
(07:28 am) taco :see ya sky
(07:28 am) elisha :bye sky
(07:28 am) skydiver ::)
(07:28 am) JoeyTSA :enjoy sky
(07:29 am) qwert :cya sky
(07:29 am) JoeyTSA :AMGN,BIIB hod
(07:30 am) JoeyTSA :i avoided any /NG play
(07:31 am) regatta :MYGN
(07:31 am) qwert :GCI pop
(07:32 am) regatta :watching WMB
(07:34 am) JoeyTSA :WMB was nice short on
sky’s call
(07:35 am) JoeyTSA :classic overreaction to
news
(07:35 am) elisha :monitoring CELG
(07:36 am) regatta :watching CERE, low
priced
(07:40 am) JoeyTSA :ALXN nice slow climb
(07:40 am) JoeyTSA :lower vol on ALXN
(07:42 am) JoeyTSA :NFLX with issues between
$211-$211.50
(07:43 am) JoeyTSA :WMB nice long off that
move down
(07:44 am) JoeyTSA :break time, see you in
20
(07:44 am) taco :a late good morning to
everyone and great calls, i have to go out
for a bit today, make some good calls!
(07:44 am) elisha :bye joey and taco
(07:47 am) vince :wlk acting nice
(07:47 am) qwert :ELN
(08:18 am) trader8s :what scanner are you
using to find stocks ?
(08:21 am) Ed :each person uses different
types of scanners customozed or just basic
high/low ticker
(08:23 am) trader8s :what would you use ?
(08:23 am) trader8s :if you had a chpoice
(08:23 am) trader8s :choice
(08:23 am) Ed :depends on person I like
basic
(08:24 am) trader8s :basic .. please
explane
(08:24 am) Ed :basic scanner that comes with
ur platform
(08:24 am) trader8s :i see
(08:25 am) Ed :all platforms have some sort
of basic scanner,
(08:25 am) trader8s :right
(08:25 am) JoeyTSA :trader8s : i use
Madscan
(08:25 am) trader8s :any particular
settings
(08:25 am) trader8s :madscan yes I have
heard of them TKS Joey
(08:25 am) JoeyTSA :right now only running 3
different ones, plus the new high/low ticker
off of Lightspeed
(08:26 am) JoeyTSA :Madscan is decent, so is
Trade Ideas i hear which is the same scanner
in one of the etrade platforms
(08:27 am) trader8s :I have TI running right
now – interesting
(08:27 am) JoeyTSA :i went with Madscan
because it links to Lightspeed, stock hits
scan, dbl click on it and it loads my LS
chart/OE/L2 and L3 windows
(08:27 am) trader8s :nice
(08:27 am) JoeyTSA :what platform are you
trading with?
(08:28 am) trader8s :just Scott trade right
now
(08:28 am) JoeyTSA :oh ok
(08:28 am) trader8s :but have used Trade
Station – Ninja
(08:28 am) trader8s :new to stocks
(08:28 am) trader8s :Futures is done –
computers own them now
(08:28 am) JoeyTSA :gotya, i also use TS and
Ninja
(08:29 am) JoeyTSA :i love futures
(08:29 am) trader8s :Crude Oil and Gold is
OVER – computers own these now
(08:29 am) trader8s :I like stocks better
swing trading
(08:30 am) JoeyTSA :really, i dont have a
prob with either
(08:30 am) JoeyTSA :i dotn swing trade
though
(08:30 am) trader8s :youday trade gold and
crude
(08:30 am) trader8s :with stops .. ?
(08:31 am) JoeyTSA :yep
(08:31 am) trader8s :impossible )
(08:31 am) trader8s :you use stops
(08:31 am) JoeyTSA :people have said
impossible to me all my life
(08:32 am) trader8s :and yyou use stops
trading Oil and Gold )
(08:32 am) qwert :cant trade without stops
(08:32 am) JoeyTSA :98% of the time
(08:32 am) trader8s :ok )
(08:33 am) trader8s :how long is your Hold
time on your trades
(08:33 am) trader8s :generally
(08:33 am) JoeyTSA :anywhere from a few
seconds on up
(08:33 am) trader8s :ok
(08:33 am) trader8s :well good luck – few
people can trade them
(08:33 am) JoeyTSA :stocks i tend to hold a
touch longer
(08:34 am) trader8s :swin trading stocks
seems much better opportunities
(08:34 am) trader8s :swing trading
(08:34 am) JoeyTSA :totally disagree, but
thats what makes each trader different
(08:35 am) trader8s :ok )
(08:35 am) Ed :there are over 1 billion
different setups that one can undertake in
markets so it can accomodate all types of
traders/investros with ton of opportunities
good/bad. We call it freedom
(08:36 am) JoeyTSA :nice Ed, i like it
(08:36 am) trader8s :whats your BEST ..
Stock technical trade set up ?
(08:36 am) qwert :yep something foreveryone
(08:37 am) Ed :that figrue was based on study
done to include
bonds,stocks,options,futures,forex.
(08:37 am) JoeyTSA :for a long : stock
making dbl bot on strong support line with
pos div and Jessica Alba sitting on my lap
🙂
(08:38 am) JoeyTSA :oh yeah, and Giada
cooking italian in my kitchen haha
(08:38 am) trader8s :Jessica – that is a
winner
(08:38 am) qwert :hahahaha
(08:39 am) trader8s :divergence is good
(08:40 am) trader8s :confirmations
(08:40 am) trader8s :alreight have a good
day trading
(08:40 am) trader8s :thanks
(08:40 am) JoeyTSA :flexibility is key
though
(08:41 am) JoeyTSA :sometimes even the best
patterns just dont “look or feel” right
(08:41 am) JoeyTSA :and they all can fail,
but at least you know your r/r
(08:42 am) qwert :right joey and if u trade
without a stop u cant figure that r/r out
(08:42 am) JoeyTSA :exactly
(08:44 am) qwert :which means not trading
but gambling and that means losing at least
in my experience
(08:44 am) JoeyTSA :agreed
(08:44 am) trader8s :what would you trade a
higher priced stock say over 50.00 when there
are BIG movers in the 10 range ?
(08:44 am) trader8s :why would ..
(08:45 am) JoeyTSA :what do you consider
BIG?
(08:45 am) JoeyTSA :rarely do i ever see a
sub $15 stocks with an adr over $1
(08:45 am) qwert :for me i trade anything if
it has the right chart pattern and good
liquidity
(08:46 am) trader8s :ADR = ?
(08:46 am) JoeyTSA :avg daily range
(08:46 am) trader8s :on the scanner – there
are movers
(08:47 am) JoeyTSA :what do you consider a
mover?
(08:47 am) trader8s :well 50 cents +
(08:47 am) JoeyTSA :again it goes back to
preference
(08:47 am) JoeyTSA :if 50c is the adr, most
times i wont even look at the stock
(08:48 am) trader8s :I see
(08:48 am) JoeyTSA :i like 50cent moves if i
think the stock has the range to do that
(08:48 am) trader8s :even when it is priced
at 3.00
(08:48 am) trader8s :RSOL
(08:49 am) JoeyTSA :i dont play penny stocks
(08:49 am) trader8s :I made 2k this morning
(08:49 am) JoeyTSA :good for you, all i see
is 23c move from high to low..my scanner
doesnt even pick those up
(08:50 am) trader8s :i see
(08:50 am) JoeyTSA :too hard to call
tops/bottoms and you need a lot of shares to
make money
(08:50 am) JoeyTSA :at least for me
(08:51 am) trader8s :how far do you go back
on your charts ?
(08:51 am) trader8s :when making a decision
to buy a TOP
(08:51 am) trader8s :rather SELL a TOP
(08:51 am) JoeyTSA :i only look at today
(08:52 am) JoeyTSA :i dont even see shares to
short RSOL
(08:52 am) trader8s :really .. you just have
one time frame up ?
(08:52 am) JoeyTSA :yep, todays 1min chart
(08:52 am) trader8s :I bought RSOL
yesterday
(08:53 am) JoeyTSA :oh ok, you didnt say that
at first
(08:53 am) trader8s :Time Frames – this is
interesting – you only look at One Day ?
(08:53 am) trader8s :to make your decision
(08:53 am) JoeyTSA :yesterdays RSOL low was
2.80ish, still not my type of play
(08:54 am) trader8s :Time frames
(08:54 am) JoeyTSA :yeah, just today
(08:54 am) trader8s :you look at only one
day ?
(08:54 am) JoeyTSA :you can keep asking me,
but the answer is still yes
(08:55 am) trader8s :could you explain
please – how you Sell you tops using only one
day chart.
(08:55 am) trader8s :interesting
(08:55 am) JoeyTSA :i dont sell tops because
noone ever knows where the top is
(08:55 am) JoeyTSA :i sell where i sell, dont
care if it runs or not
(08:56 am) trader8s :your entry on selling a
Top – would be include MAs ?
(08:56 am) JoeyTSA :it could, or a pp, or rd
#
(08:57 am) JoeyTSA :every trade is different
(08:58 am) trader8s :ok
(08:58 am) trader8s :I guess I could figure
it out eventually
(08:59 am) JoeyTSA :unfortunately no cut and
dried rules in trading
(08:59 am) trader8s :thats for sure 0
(08:59 am) JoeyTSA :more like guidelines and
then being flexible with those guidelines
(08:59 am) JoeyTSA :only thing i am not too
flexible with are stop losses
(09:00 am) qwert :sounds like pirate rules
🙂
(09:00 am) trader8s :right .. they pick
those off like candy
(09:00 am) JoeyTSA :i give some leeway, but
will never let something run far against me
(09:00 am) trader8s :there ya go
(09:00 am) trader8s :Im with you n that
(09:01 am) JoeyTSA :now if my stop is too
close for the trade, then the decision is
whether to take the trade or not
(09:02 am) trader8s :understand
(09:03 am) trader8s :Im still amazed you
only look at one day to enter your trade
(09:03 am) trader8s :I will have to study
this
(09:03 am) JoeyTSA :i have yesterdays ohl
on my chart
(09:03 am) trader8s :even yesterdays ..
(09:03 am) JoeyTSA :but thats more for range
breakout potential
(09:04 am) qwert :i use i min 2 days data
(09:04 am) JoeyTSA :with those lines, dont
need to see the chart from yesterday
(09:04 am) qwert :i=1
(09:04 am) trader8s :right
(09:04 am) JoeyTSA :trader8s ; stop
example…
(09:05 am) JoeyTSA :had i taken ACAD on the
low, my stop would have been maybe 20cents,
but on something like AMZN, 20cents is way
too small for that large of adr
(09:05 am) qwert :but just to see areas for
entry and exit use daily and 15 min to decide
if im going to take a trade or not
(09:05 am) trader8s :I do not use stops
(09:05 am) qwert :SCARY
(09:06 am) JoeyTSA :qwert: perfect example of
individual traders looking at their own
thing
(09:06 am) trader8s :Im watching all my
trades
(09:06 am) JoeyTSA :many traders go from
saying ” i never use stops” to ” would you
like fries with that ‘ 🙂
(09:06 am) qwert :hahahaha
(09:06 am) trader8s :lol
(09:06 am) trader8s :I understand .. just
saying
(09:07 am) JoeyTSA :hang on, you just said
you bought RSOL yesterday
(09:07 am) trader8s :yes
(09:07 am) JoeyTSA :did you watch it 24hrs
straight?
(09:07 am) trader8s :no
(09:08 am) trader8s :I owned the stock
(09:08 am) trader8s :no leverage’
(09:08 am) JoeyTSA :with no stop, even
“owning” stock is dangerous
(09:08 am) trader8s :was I taking a risk
that it would move lower – YES
(09:09 am) JoeyTSA :well, everyone is
different
(09:12 am) trader8s :everything takes time –
I have seen dozens systems and you jusat take
a little peice from each
(09:13 am) trader8s :comes down to feel )
(09:13 am) JoeyTSA :yeah Mitch
(09:14 am) trader8s :Jessica knows
(09:14 am) JoeyTSA :haha
(09:18 am) trader8s :have a great day guys
and gals have to run and thanks for the info
!
(09:19 am) JoeyTSA :enjoy trader8s
(09:19 am) trader8s :Cheers
(09:19 am) qwert :cya trader8
(09:19 am) Ed :c ya trader8s
(09:21 am) JoeyTSA :AMZN slow uptrend
(09:22 am) Murano :I’ll watch it
(09:33 am) JoeyTSA :hahaha
(09:35 am) Murano :lunch time back in 20
(09:37 am) elisha :have to go – got called
in to work early again. I want to take this
opportunity to thank you guys for all your
good, solid and SANE teaching. I have and
will continue to learn so much from you all.
Thank you.
(09:37 am) JoeyTSA :bye murano,elisha
(09:39 am) Ed :c ya elisha
(09:46 am) JoeyTSA :very nice steady upmove
on /ES all day
(09:47 am) JoeyTSA :volume seems really low
to me ??
(09:47 am) JoeyTSA :nice on VRTX trying to
breakout
(09:52 am) Ed :thx joey on VRTX
(09:53 am) JoeyTSA :i saw you or Diosna put
the chart up as it was hitting my scanner,
nice move up
(09:53 am) Ed :Diosna put it up
(09:53 am) Ed :she is a keeper
(09:54 am) JoeyTSA :yeah, you should give her
tomorrow off haha
(09:54 am) Ed :what will we do when she goes
on vacation
(09:55 am) JoeyTSA :who said she gets a
vacation..i just said tomorrow 🙂
(09:55 am) Ed :she put in for it long time
ago
(09:55 am) Ed :she going home to visit for 21
days
(09:55 am) JoeyTSA :i guess qwert better get
his internet fixed quick
(09:56 am) Ed ::)
(09:57 am) qwert :hey my internet is all
good now today its SCE power outage on my
street
(09:57 am) Ed :is that like fed pomo day???
(09:57 am) JoeyTSA ::)
(09:58 am) qwert :21 days wow, i want to
work for Ed
(09:59 am) Ed :yea mee too
(09:59 am) JoeyTSA :i sure as heck dont want
to go home for 21 days though
(09:59 am) JoeyTSA :thats why i moved out
west 🙂
(09:59 am) Ed :lol
(09:59 am) qwert :monitoring CCJ
(10:00 am) JoeyTSA :murdoch filing for
divorce, thats gonna cost a lot of $$ haha
(10:02 am) victor51 :I need to go to
airport. Make lots of $$$$
(10:02 am) JoeyTSA :bye victor
(10:08 am) qwert :cya victor
(10:09 am) Ed :c ya victor
(10:12 am) Ed :just heads up for those that
have coaching session with me, if ur not able
to get me its due to storm. We are suppose to
get pretty severe one coming in next few
hours.
(10:12 am) JoeyTSA :saw that on the weather
report, stay safe
(10:13 am) JoeyTSA :IBM in process of laying
off thousands
(10:13 am) Ed :yea its one coming from
midwest
(10:13 am) JoeyTSA :yeah, saw that..cant stop
mother nature
(10:14 am) Ed :nope, one can prevent doing
idiotic things though, like last storm we had
winds of 60+mph, guy decideds to cut tree
down
(10:15 am) JoeyTSA :idiot
(10:16 am) qwert :back in a bit gotta go let
the wife out of the garage
(10:16 am) JoeyTSA ::)
(10:16 am) qwert :that sounds funny
(10:17 am) Ed :or when james flooded on
particular street, signs says do not enter
flood waters high. He proceeds of course
(10:17 am) qwert :should say her car the
power is still out
(10:19 am) Ed :or the 2 guys moving did not
have rope to secure mattress, decideds to
hold it down on top of van going on
interstate, extremely high winds
(10:19 am) Ed :middle of storm
(10:19 am) JoeyTSA :people really amaze me
sometimes
(10:19 am) JoeyTSA :we get idiots driving
thru floodwaters here in the summer
(10:19 am) Ed :all true stories, dont have to
tell u how it all ended
(10:34 am) JoeyTSA :thx Ed
(10:43 am) JoeyTSA :lunchtime, see you in
20-30
(11:00 am) qwert :monitoring HRB
(11:05 am) jsn13 :hey Ed, I saw ur call a
while ago on that USD/JPY short, where was ur
stop loss? i think u called it around
99.7ish…
(11:05 am) Ed :i used 50 pip stop
(11:07 am) jsn13 :after it broke below 100,
two days later it went up to almost 100.50
area….where did u enter the short?
(11:07 am) Ed :i stopped first time and
reeintered
(11:07 am) Ed :i reeintered same day i called
it
(11:08 am) Ed :so my first call in room was
my actual second entry
(11:08 am) jsn13 :what was ur entry price?
(11:08 am) Ed :I started small as i knew
would be fight
(11:09 am) Ed :let me pull up
(11:09 am) jsn13 :ok sure…i tot u got
stopped when u called it in the room was
around 99.7 at that point…
(11:09 am) Ed :whe get second
(11:10 am) Ed :no did not get stopped on that
one
(11:10 am) Ed :got stopped on first entry, i
did not call it in room as i wanted to test
it first
(11:11 am) Ed :when saw price action after
getting stop, looked week so gave call in
room then i took it
(11:11 am) jsn13 :around what price was ur
entry? i am confused….need price to
navigate…
(11:11 am) Ed :which entry
(11:11 am) Ed :first time or second
(11:12 am) Murano :Thanks for reminding me
about ELN Mitch, just covered second short
(11:12 am) jsn13 :the one u called in the
room….
(11:12 am) jsn13 :the one that worked…
(11:13 am) Ed :looke at ur daily u will see
the bear cup break
(11:13 am) jsn13 :the obvious one is on 6th
june….
(11:14 am) jsn13 :at 98.5ish area…
(11:15 am) jsn13 :or on 3rd june….the
break below 100….
(11:15 am) Ed :june 3 is when took first
entry
(11:16 am) jsn13 :ok so when and where was
the 2nd entry?
(11:16 am) Ed :june 6th
(11:17 am) Ed :sorry wrong
(11:18 am) Ed :june 5th
(11:18 am) qwert :jason when u get a chance
text me i got a new phone and some of my
contacts didnt make it.
(11:19 am) jsn13 :ok sure qwert….
(11:19 am) Ed :and 93.80 was long early this
am
(11:19 am) Ed :actually 93.88 was fill
(11:20 am) jsn13 :yup saw the 93.80 long ca
just now…nice play….but why 93.80?
(11:20 am) Ed :strictly technical based on
fibonacci retracement
(11:21 am) Ed :USD/JPY had moved from 77 area
over 102 area
(11:22 am) Ed :so used those measurements of
about 38.2% retrace yields 93.80
(11:23 am) jsn13 :ok my high was at 103.78
(11:23 am) JoeyTSA :MYGN below $36 now
(11:23 am) Ed :yea 103.78 is over 102
(11:23 am) Ed :im going off memory
(11:23 am) Ed :thats why i said over 102
(11:23 am) jsn13 :it actually kinda
correspnd with the prior swing low where it
spiked from 93 to 100 on daily…
(11:24 am) Ed :will take ur word for it
(11:24 am) jsn13 :ok no prob….nice nice
entry…..do u use volume in trading forex?
(11:25 am) Ed :yes I trade it just like
stocks/futures. Using price action only
difference i only use 50ema and 200ema
(11:26 am) Ed :uhh ohh just got ton of
alerts
(11:26 am) Ed :all the animals are gone
(11:26 am) JoeyTSA :weather alerts?
(11:26 am) Ed :yep
(11:26 am) JoeyTSA :stay safe
(11:27 am) Ed :blowing phone up
(11:29 am) Ed :thx murano
(11:29 am) JoeyTSA :/ES up 30pts from
overnight lows
(11:29 am) jsn13 :ok thanks ed…nice to
compare analysis…
(11:34 am) JoeyTSA :BIDU testing $99, next
stop $100?
(11:36 am) qwert :thx for KORS joey and
Murano
(11:37 am) JoeyTSA :/ES testing R1 res, one
heck of a run today
(11:38 am) qwert :MYGN still breaking down
(11:38 am) JoeyTSA :yeah, nice short
(11:40 am) JoeyTSA :wonder if /CL gets to
$100 next few days, flirted with $97
(11:42 am) qwert :u called it Joey real nice
onMYGN
(11:42 am) JoeyTSA :thx, but i dont get
vacation because Diosna already put in for it
first :)~
(11:42 am) JoeyTSA :need to work for Ed i
guess
(11:43 am) Ed :i will start working for
myself soon
(11:43 am) Ed ::)
(11:43 am) JoeyTSA :haha
(11:44 am) qwert :i want to apply need a
vacation lets see work a few months get 3
weeks off i like that
(11:44 am) regatta :sounds like a gov’t
union job
(11:44 am) JoeyTSA :i honestly dont think i
could handle not trading that long
(11:44 am) qwert :same here addicted and
know it
(11:44 am) Ed :yea much needed she misses her
grandmother, mother,etc
(11:45 am) JoeyTSA :im sure, Cuba correct?
(11:46 am) Ed :yes
(11:46 am) JoeyTSA :MYGN not trying to hold
$35
(11:52 am) Ed :thx joey
(11:58 am) Ed :guess they used all the 3.5
billion on pomo
(11:59 am) JoeyTSA :yeah looks like it
(11:59 am) Ed :Ben says he has more where
that came form
(11:59 am) Ed :from
(12:00 pm) Ed :i think i will get him to
adopt me
(12:00 pm) JoeyTSA :market really needed it,
mentioned earlier that if market stayed weak
with todays $, it wouldnt look good goign
forward
(12:00 pm) JoeyTSA :Ed Bernanke..nice ring to
it
(12:00 pm) Ed :lol
(12:00 pm) JoeyTSA :almost like Joey Gates
🙂
(12:01 pm) Ed :and dave buffett
(12:01 pm) JoeyTSA :AAPL finally pushing thru
earlier res level
(12:01 pm) Ed :murano sachs
(12:01 pm) JoeyTSA ::)
(12:02 pm) Murano :Did anyone find short
shares on EAC?
(12:03 pm) JoeyTSA :L list at lightspeed, but
didtn check
(12:03 pm) JoeyTSA :just in MYGN
(12:03 pm) regatta :BEE
(12:03 pm) JoeyTSA :real nice regatta
(12:03 pm) qwert :same here joey have small
left of MYGN
(12:04 pm) JoeyTSA :MYGN at $34 now
(12:04 pm) qwert :made more on this last
piece than the rest together
(12:04 pm) JoeyTSA :GMCR@ hod over $78 now
(12:05 pm) JoeyTSA :look at MYGN from open,
nice big cup
(12:06 pm) JoeyTSA :avg person will see 20c
move, we see almost $10 move
(12:24 pm) JoeyTSA :looks like the gains were
spread out all around today
(12:24 pm) JoeyTSA :GS hod
(12:26 pm) qwert :bye everyone gonna go
check to see if electricity is back on cya
all in the am
(12:26 pm) Ed :c ya qwert
(12:26 pm) JoeyTSA :bye qwert
(12:26 pm) Ed :was really nice long/short
MYGN
(12:27 pm) JoeyTSA :yeah, big moves both
ways
(12:32 pm) Ed :11.4% long and 12% short
(12:32 pm) JoeyTSA :nice
(12:38 pm) JoeyTSA :MYGN fell out of bed
again
(12:39 pm) Murano :Done for the day, see you
tomorrow
(12:40 pm) JoeyTSA :bye Murano, thanks
(12:41 pm) JoeyTSA :headline just on cnbc,
MYGN hits historic high haha
(12:42 pm) JoeyTSA :/ES 1630 just printed
(12:46 pm) skydiver :thanks for MYGN –
missed first long and the big short ,but
caught this last long — been too busy today
to trade much
(12:46 pm) Ed :nice sky
(12:46 pm) skydiver :thanks to you guys
:)!!!
(12:47 pm) skydiver :still looking forward
to being a better caller on stocks to give
you guys ideas 🙂
(12:47 pm) skydiver :might be a 100 years or
so, but will get there :0
(12:48 pm) JoeyTSA :Thanks MItch,Ed,Diosna,
everyone..nice calls, see you all
tomorrow..stay safe on the east coast
(12:48 pm) skydiver :take care joey
(12:48 pm) JoeyTSA :/Es 1633 printed, huge
day
(12:48 pm) Ed :c ya joey. storm starting here
now
(12:49 pm) skydiver :be safe Ed
(12:49 pm) Ed :thank you sky
(12:51 pm) skydiver :take care Ed
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