[06:24 am] Ed : good morning traders
[06:29 am] Mitch K: Hey guys, Ed has been
drinking all night so he is speaking Thai
this morning
[06:33 am] Ed : SPY trading in tight range so
far
[06:34 am] Mitch K: watching APA for
bottom
[06:34 am] Mitch K: watching ROK for
bottom
[06:34 am] Mitch K: watching DSW for
bottom
[06:34 am] Mitch K: watching OXY for bottom
to buy
[06:34 am] Mitch K: watching NEM for
bottom
[06:36 am] Mitch K: watching YPF for short
[06:36 am] Mitch K: watching WBC, DVN, SPG,
HOG, ROP, TRN for bottom to buy
[06:37 am] Mitch K: monitoring AGP for top
[06:37 am] Mitch K: watching QCOR for top to
short
[06:37 am] Mitch K: watching UNH for
bottom
[06:37 am] Mitch K: watching VSAT for bottom
to buy
[06:38 am] Mitch K: watching LRCX, ICE for
top
[06:38 am] Mitch K: watching NAV for top to
short; take time
[06:39 am] Ed : PAY,QCOM weak, ADVANCED trade
look for break of lod with vol[06:39 am]
Mitch K: watching MOH for top
[06:39 am] Mitch K: watching WFM for top to
short
[06:39 am] Mitch K: watching ONXX for
bottom
[06:40 am] Mitch K: NAV toppy
[06:40 am] Mitch K: watching AZPN for top
[06:40 am] Mitch K: watching ICE for top to
short
[06:41 am] Mitch K: consider reducing DVN
long
[06:41 am] Mitch K: watching RCL for top to
short
[06:43 am] Mitch K: getting SPY bounce,
should help longs
[06:44 am] Mitch K: reduce HOG as rebounds
here
[06:44 am] Mitch K: watching BLL for top
[06:44 am] Mitch K: QCOR toppy for short
[06:45 am] Mitch K: consider reducing DVN
long
[06:47 am] Mitch K: consider selling APA
long
[06:48 am] Mitch K: for short
[06:48 am] Mitch K: watching AGCO for top
here soon
[06:49 am] Mitch K: still watching LRCX
[06:50 am] Mitch K: MOH toppy
[06:50 am] Mitch K: RCL toppy
[06:51 am] Mitch K: little more downside on
AZPN short
[06:51 am] Mitch K: watch DVN for top to
short
[06:51 am] Mitch K: consider selling DVN
[06:52 am] Mitch K: consider selling NEM, try
50.90 area
[06:52 am] Mitch K: watching TFM for swing
trade long
[06:53 am] Mitch K: consider selling ROK
long
[06:53 am] Mitch K: watching DRI for top to
short
[06:53 am] Mitch K: FLS turning over
[06:54 am] Mitch K: consider selling half of
APA
[06:55 am] Mitch K: should be out of HOG
long, if not try selling 49.30 area,
[06:57 am] Mitch K: watching LNCR for top
[06:58 am] Mitch K: watching TGI for
bottom
[06:59 am] Mitch K: watching OSIR for top to
short
[07:01 am] Mitch K: watching IGT for bottom
to buy
[07:01 am] Mitch K: indexes moving up, most
stocks moving up
[07:02 am] Mitch K: consider selling HOG
here
[07:02 am] Mitch K: monitoring PNRA
[07:03 am] Mitch K: watching CHKP for
bottom
[07:07 am] Mitch K: COST on one hot run on
daily chart
[07:07 am] Mitch K: watching SMG for
bottom
[07:15 am] Ed : getting pullback in SPY
[07:17 am] Mitch K: IGT most interesting idea
setting up on long side soon
[07:34 am] Ed : getting bounce in SPY
[07:45 am] Mitch K: still watching OSIR
[07:46 am] Mitch K: too much weight on IGT
for bounce, its trying to go to neutral from
yesterdays big runup[07:52 am] Mitch K: feels
like everything went into low volume deep
freeze mode
[07:55 am] Mitch K: watching DRI to cover
short on this next bottom
[08:05 am] Ed : getting pullback in SPY
[08:16 am] Ed : SPY trading at horizontal
resistance
[08:30 am] Ed : monitoring ZMH for short, use
smaller position size
[09:00 am] Ed : getting pullback in SPY
[09:36 am] Ed : getting some selling in
markets
[09:42 am] Mitch K: This is going to be the
greatest year of my life, starting today.
[09:43 am] Mitch K: now who is with me?
[09:43 am] Mitch K: God has granted me the
power to win
[09:44 am] Mitch K: I’m preparing a speech to
my family today, you like the opening
[09:46 am] Mitch K: then i thought i should
go into the General Patton speech, lol[09:50
am] Mitch K: i got a funny story for you
guys, its true
[09:50 am] Mitch K: yes Joey, I am 26 years
old today
[09:52 am] Mitch K: he cant do this anymore.
i said, no, we have 3 hours left. Mind over
matter
[09:52 am] Mitch K: i needed someone to help
in my yard, like acres of raspberries,
boysenberries, blueberries, etc. and this
chiropractor’s son said he wanted to work.
After 5 hours, this 15 year old said he
can
[09:53 am] Mitch K: he says the mind cannot
overcome what the body cannot do. I said,
what did you say?
[09:55 am] Mitch K: i said, Hey, you are 15
years old, you have your whole life ahead of
you. You can do whatever you believe you can
do.
[09:56 am] Mitch K: I explained the greatest
achievements of mankind including sports,
business, inventions, whatever, came from
that very principle that shark just said
[09:57 am] Mitch K: then i moved into my
GEneral Patton speech
[09:58 am] Mitch K: I told him to read that
book Joey
[10:02 am] Mitch K: now check this out guys.
I have taken two young men and they sat next
to me while i showed them how to trade. gave
them charts, explained it, on instant message
every day. i tell them a few ideas to
consider, make a few corrections to their
approach. This is no joke: 1st guy is 20
years old, very motivated, has some learning
disability, not as smart, cant concentrate
for very long. 2nd guy is this 15 year old
kid who is high genius level but is lazy, has
chip on his shoulder (bad attitude), doesnt
show up online much at all.
[10:04 am] Mitch K: the 20 year old who
struggles is really doing well, very
consistent. has 8-10 consecutive winning
days. the genius kid, the 15 year old who
worked in the yard for 5 hours, has been left
in the dust, like years behind now,
[10:10 am] Mitch K: Some of you say to
yourself in your mind destructive thoughts
like “Oh, well, he is smarter” or He has been
doing this a long time, or whatever
[10:10 am] Mitch K: do you guys know you
don’t have to be the smartest or even the top
20% in brainpower to be really profitable at
what we are doing?
[10:35 am] Mitch K: watching EQIX,
[10:36 am] Mitch K: watching WTW for bottom,
like this pattern
[10:36 am] Mitch K: too high cost, not enough
percentage move
[10:36 am] Mitch K: actually i like the chart
pattern, not the price changem,
[10:55 am] Mitch K: watch when you have
time
[10:55 am] Mitch K:
http://www.youtube.com/watch?NR=1&fea
ture=endscreen&v=lsSC2vx7zFQ
[11:02 am] Mitch K:
http://www.youtube.com/watch?v=Oa1j2kBIYOw&am;
p;amp;feature=related
[11:28 am] Ed : SPY approaching hod[11:33 am]
Ed : SPY new hod[11:39 am] Ed : markets
trending up
[12:03 pm] Ed : getting pullback in SPY
[12:41 pm] Ed : SPY new hod[12:56 pm] Mitch
K: make sure you guys watch this monday,
ATPG
[12:56 pm] Mitch K: i love the chart ATPG
right now but only 3 minutes left
[12:59 pm] Mitch K: oh boy, was i wrong about
ATPG not having enough time
[01:00 pm] Mitch K: $6.15 to 4.75
[01:06 pm] Ed : actually weekend
[01:06 pm] Ed : have a great evening
traders
[01:08 pm] Mitch K: later guys and gals
|
[06:21 am] joeytsa : that as a huge miss on
th TIC longterm, came in 25.6B,with 45.3B
forecast
[06:21 am] khall : wow
[06:21 am] joeytsa : Empire St # came in 2.3
with 13.6 forecast
[06:21 am] khall : well, we will just trade
what we see thoday[06:21 am] khall : today
too 😉
[06:22 am] qwert : who makes these
predictions it seems like they are always
off
[06:22 am] joeytsa : capacity utilization
rate came in rd, industrial production in
line
[06:22 am] khall : Miss Chleo[06:22 am]
joeytsa : no clue qwert[06:22 am] qwert :
its like the weather man here
[06:23 am] scalpman : gm[06:23 am] joeytsa
: but its not like futures had a big spike
[06:24 am] eddy : hello all
[06:24 am] joeytsa : eye on UNFI,
upgraded
[06:24 am] skydiver : gm Ed and all
traders
[06:24 am] cdougan : Morning Ed
[06:24 am] doji : Garyyyyyy!!1
[06:24 am] doji : I’ll be only for the first
half hour and then will connect for the last
one
[06:25 am] parachute %: Good Morning
[06:26 am] khall : SINA up 2.5%
already…
[06:27 am] shark : hi parachute, doji, joey,
apple, khall, everyone!
[06:27 am] scalpman : Hi Ed..hi all…
[06:27 am] khall : gm[06:27 am] doji : Hi
Sharky[06:27 am] shark : 🙂
[06:29 am] garyb : hey shark
[06:29 am] shark : Gaaaaarrrryy!
[06:29 am] joeytsa : whats up shark
[06:29 am] joeytsa : haha[06:29 am] Ed :
dribble driblle[06:29 am] doji : I hope I
won’t regret not having swinging SLB from
yesterday
[06:29 am] khall : hi-larious[06:29 am]
shark : natural food, and HEAVIER
weights!
[06:29 am] garyb : lol[06:29 am] Ed :
%$#@!)(*&
[06:30 am] joeytsa : i hear ya shark
[06:30 am] shark : 😉
[06:31 am] shark : is the market open? I
heard a bell ring
[06:31 am] joeytsa : watching BBBY
[06:31 am] skydiver : watching POT
[06:32 am] shark : Sawadikap, Ed 🙂
[06:33 am] joeytsa : yeah it is..its like a
boxing match, nobody wants to throw the 1st
punch
[06:33 am] shark : looking to sell options
expiring tday for time premium
[06:34 am] joeytsa : smart shark
[06:34 am] skydiver : S POT 38.11 – out
37.91
[06:34 am] joeytsa : watching CRM at $129,
see what it does
[06:36 am] joeytsa : QCOR testing 48 res
[06:36 am] joeytsa : thx Mitch
[06:37 am] skydiver : BBBY coming down
nicely
[06:37 am] skydiver : or slowly nice
[06:37 am] joeytsa : watchin WFM
[06:38 am] doji : KORS
[06:38 am] shark : nice doji[06:38 am]
joeytsa : NAV testing res
[06:39 am] shark : PCLN – Sold to open 610
6/22 put for 4.10
[06:39 am] shark : advanced trade
[06:39 am] joeytsa : ES pulling back, might
test overnight support level
[06:39 am] doji : Big drop in SPY
[06:40 am] joeytsa : crude in a 20cent range
right now
[06:40 am] skydiver : MCP is down
[06:42 am] joeytsa : trail stop on QCOR if
long
[06:42 am] shark : nice joey 🙂
[06:42 am] shark : watching NFLX
[06:42 am] skydiver : POT double top
[06:43 am] shark : NFLX double bottom on
15min
[06:43 am] shark : chart
[06:44 am] joeytsa : nice move on NFLX
shark
[06:44 am] joeytsa : tighten stop if long
WM
[06:44 am] joeytsa : WFM
[06:45 am] doji : FSLR big jump
[06:45 am] joeytsa : BIDU into prev hi res,
hod area
[06:48 am] joeytsa : REGN pulling back, was
a playon wednesday[06:48 am] joeytsa : UofM
# in about 5min
[06:50 am] joeytsa : shark: is it monthly
op-ex today?
[06:53 am] shark : GNC
[06:53 am] shark : Yes, joey!
[06:54 am] joeytsa : thx, thought so, wasnt
sure
[06:54 am] shark : another month was slow
and benign like this recently, too
[06:55 am] joeytsa : seems like today is one
of the slowest opening 20 minutes i can
remember
[06:55 am] doji : DRI too strong
[06:55 am] joeytsa : report coming ot[06:55
am] shark : there was another monthly expire
this year, very similar
[06:55 am] joeytsa : not pretty
[06:55 am] joeytsa : 74.1 with 7.5
forecast
[06:56 am] joeytsa : 77.5 forecast
[06:56 am] skydiver : LULU bottoming?
[06:57 am] shark : 🙂
[06:58 am] skydiver : nice shark
[06:58 am] skydiver : POT still climbing
slowly – slowly – slowly
[07:01 am] shark : watching BVSN for top
[07:01 am] shark : too thin vol..
[07:01 am] skydiver : L LULU
[07:02 am] shark : nice sky, you nailed the
bottom
[07:02 am] skydiver : close 🙂
[07:02 am] shark : GNC
[07:02 am] joeytsa : nice one sky
[07:03 am] joeytsa : i stayed out with the
report coming out
[07:03 am] skydiver : 3/4 out of LULU L
60.23 – 60.64
[07:03 am] doji : Any news why the SPY just
sky rocketed?
[07:03 am] joeytsa : because the reports
have been bad 🙂
[07:03 am] doji : hahaah[07:04 am] joeytsa
: people dont make sense and the private
sector is fine
[07:04 am] skydiver : all out of L POT –
too slow for me
[07:04 am] doji : I am regreting to have
sold my SLB swing…. next time
[07:04 am] mikewd2 -: SLB moving
[07:04 am] doji : will not get mad chasing
it
[07:04 am] joeytsa : doji: you still in
UVXY?
[07:05 am] joeytsa : had a real nice
pullback
[07:05 am] skydiver : REGN came up nicely
[07:05 am] shark : AAPL slow today
[07:06 am] shark : sold PCLN 610 for 4.10,
worth 3.50 now
[07:06 am] skydiver : moving stop up on LULU
L
[07:07 am] joeytsa : immigration policy
changes coming
[07:07 am] doji : Ok guys, burned today….
worst from last 3 months… have to go… see
ya later
[07:07 am] joeytsa : obama will speak at
10:15 pst[07:07 am] skydiver : forgot toi
watch CRM!
[07:07 am] joeytsa : by doji[07:07 am]
mikewd2 -: that should help the violitility
joey
[07:07 am] shark : bye doji…
[07:08 am] skydiver : take care doji!!
[07:08 am] mikewd2 -: cu doji[07:08 am]
skydiver : thnx for heads up on Obama
joey
[07:08 am] joeytsa : markets still seem very
indecisive to me
[07:09 am] joeytsa : sky: think his talk
will be more campaign-affecting than market
moving
[07:09 am] mikewd2 -: HLF moving again
today
[07:09 am] skydiver : gotcha joey —
thnx[07:09 am] skydiver : LNKD steady up
[07:15 am] shark : nice one, Mitch: COST
[07:18 am] joeytsa : eye on LULU again, see
if it breaksd thru res here
[07:18 am] joeytsa : markets trying to hold
support though
[07:19 am] skydiver : LNKD at vwap[07:19 am]
scalpman : Mitch PNRA?
[07:20 am] shark : good food, scalp 😉
[07:20 am] mikewd2 -: IGT at PP
[07:26 am] mikewd2 -: FST L 7.09
[07:27 am] jsn13 : WFM
[07:29 am] jsn13 : WFM L 94.20
[07:29 am] skydiver : L IGT 14.59
[07:30 am] jsn13 : missed LNCR L…
[07:32 am] mikewd2 -: GMCR at lod[07:34 am]
skydiver : guess I should have stayed in
POT
[07:35 am] mikewd2 -: UVXY hod[07:35 am]
joeytsa : ALXN moving a bit
[07:35 am] skydiver : I feel like I’m in a
slow motion time warp 🙂
[07:35 am] joeytsa : broke thru rev hi and
tested
[07:35 am] joeytsa : yeah sky, seems like
its midday
[07:35 am] skydiver : yeah
[07:36 am] mikewd2 -: vix back to 23.00
[07:41 am] skydiver : PMCS – take over
chatter – low priced stock
[07:42 am] cdougan : fslr[07:46 am] qwert :
no shorts at lightspeed on osir[07:47 am]
skydiver : all out of IGT L at be
[07:48 am] mikewd2 -: DANG moving today
[08:00 am] mikewd2 -: DANG up 8% from open
[08:02 am] qwert : ua nice uptrend today
[08:05 am] shark : If you sold PCLN 610 PUT,
for 4.10 earlier, now worth 2.85 to buy
back
[08:05 am] mikewd2 -: nice one shark
[08:06 am] shark : 28% profit – thx,
mike
[08:07 am] qwert : awesome shark
[08:09 am] skydiver : ended up 3 wins and
one be – time for me to go — have a great
week-end everyone — see you Monday
[08:09 am] Ed : cy a sky
[08:09 am] qwert : bye sky
[08:09 am] shark : bye sky!! good job
[08:09 am] scalpman : bye sky
[08:09 am] skydiver : 🙂
[08:10 am] qwert : SFD at yesterdays
hod[08:10 am] khall : bye sky
[08:12 am] qwert : joey are you long
crm[08:15 am] qwert : CRM moving good
[08:18 am] qwert : Ed are you watching amzn
for a breakout
[08:19 am] Ed : just watching
[08:25 am] gub : NAV
[08:26 am] mikewd2 -: out FST L +1.5%
[08:27 am] mikewd2 -: nice bounce off lod for
GMCR
[08:36 am] shark : Chipotle Mexican Grill
target raised to $443 and Q2 ests raised at
UBS -following visit to store analysis
[08:37 am] joeytsa : qwert: if you are here,
no i wasnt in CRM, just getting back to the
computer
[08:38 am] qwert : its been rollin and i
know you like it :))
[08:39 am] jsn13 : ZMH s 63.15
[08:42 am] joeytsa : yeah i see
[08:45 am] mikewd2 -: looking good so far
jason[08:46 am] jsn13 : already out half at
62.85 juz now…now move stop to be….
[08:47 am] joeytsa : nice trade jsn, did you
catch the long when it broke above res?
[08:47 am] jsn13 : out another 1/4
here…
[08:47 am] jsn13 : did not see it….
[08:47 am] jsn13 : would ahve been a good
trade…
[08:47 am] joeytsa : yeah, i just pulled up
the chart, good one to study though…
[08:48 am] joeytsa : had some consolidation
above the prev high, then strong vol push
thru S2, rode the 5ma all the way to the
top
[08:48 am] jsn13 : Like the 8.18am pst
bar…
[08:48 am] joeytsa : yep
[08:49 am] joeytsa : never lost the 5ma
after that until $63
[08:50 am] jsn13 : nice
analysis…thanks….
[08:50 am] gub : TY Mitch for ZMH!!!
$$$$!
[08:51 am] joeytsa : no prob, so much
easier in hindsight though
[08:51 am] jsn13 : haha at that bar, i might
have waited for pullback
though….haha….
[08:52 am] joeytsa : true, but when it held,
to me that was a good sign for more up
[08:52 am] joeytsa : nothings 100% though
[08:53 am] jsn13 : yup….
[08:53 am] jsn13 : Ed, did u take ZMH
short?
[08:58 am] joeytsa : I found t interesting
that in the top 10 countries in terms of
gambling losses per adult last year, that 4
are from the euro zone
(ireland,italy,greece,spain)
[08:58 am] gub : jsn13 – I took ZMH when Ed
rec. LONG and made very good $.
[08:59 am] jsn13 : Nice gub…what price did
u take it long?
[09:00 am] gub : 62.26
[09:00 am] jsn13 : and ur stop is at?
[09:00 am] gub : .10 when stocks are running
like ZMH was.
[09:01 am] gub : It’s been a strategy that
seems to work well for me.
[09:02 am] gub : on stocks that are
running.
[09:03 am] jsn13 : good job….any other
stocks u traded today with similar
pattern?
[09:03 am] gub : OSIR short.
[09:04 am] jsn13 : as in using similar
strategy…
[09:05 am] gub : Setting your order below
for shorts and above for longs has worked
well for me on the runners.
[09:06 am] jsn13 : ok i see….thanks….
[09:06 am] jsn13 : nice nice….
[09:09 am] gub : try it a few times on the
fast movers – you’ll see that if it’s going
in your desired direction then you get filled
and then I have a profit stop out right after
where I want it.
[09:10 am] gub : lunchtime
[09:11 am] jsn13 : ok enjoy ur lunch…
[09:15 am] joeytsa : PHMD jut had a spike,
very low vol, not shortable on
lightspeed[09:22 am] Ed : very light day for
options epiration[09:22 am] shark : 🙂
YEAAHH!!!
[09:22 am] joeytsa : yeah, painful
[09:28 am] jsn13 : ZMH breakout?
[09:33 am] joeytsa : watching EQIX, see if
it breakabove 173, or fails
[09:34 am] joeytsa : things are just
painfully slow right now
[09:35 am] shark : consider selling time
premium, joey
[09:35 am] Ed : definitely day like to day, u
want to reduce position size if ur trading
and reduce # of trades
[09:36 am] joeytsa : agree shark and Ed
[09:36 am] shark : FB 3x testing hod here
[09:42 am] shark : 🙂
[09:42 am] joeytsa : congrats !!!
[09:43 am] shark : I feel the same way!!!
[09:43 am] shark : MEEE!!!
[09:43 am] qwert : awesome mitch[09:43 am]
jsn13 : ME ME ME….
[09:43 am] joeytsa : you know what happens
when you think you are a winner right?
[09:43 am] lisas : Ohn and before I forget
as I have to leave early, Happy Father’s Day
to all the Dads
[09:43 am] chinhngo : YES BUT DO I NEED
PRAY?
[09:43 am] joeytsa : you go to vegas and
lose everything
[09:43 am] qwert : thx lisa[09:44 am] qwert
: im with you mk[09:44 am] joeytsa : and
when you lose everything, you end up selling
your hair to a wig shop
[09:44 am] shark : Happy Father’s Day, Mitch
and all the other Father’s here
[09:44 am] Ed : thank u lisa[09:44 am]
gumroadboy : Mitch, I’m with you !!
[09:44 am] lisas : yes, sounds great
[09:44 am] shark : AWESOME! 😉
[09:44 am] joeytsa : sounds good..much
better than the speech i gave my wife
[09:46 am] gub : God bless you Mitch! Your a
good man!
[09:46 am] shark : I’ll sign off on that,
Mitch. Great opening!
[09:46 am] aussie123 : I am with you.
[09:46 am] joeytsa : i shall return
[09:46 am] shark : lol[09:47 am] qwert :
haha[09:47 am] Mitch K: thats general
macarthur joey
[09:47 am] Mitch K: telling the
Phillipinos[09:47 am] joeytsa : 🙂
[09:49 am] joeytsa : Mitch: is your speech
for a certain occasion?
[09:50 am] joeytsa : life affirmation..got
it
[09:50 am] Ed : LOLOLOLOLOLOLOLOLOLOLOL
[09:50 am] lisas : too funny Ed
[09:50 am] joeytsa : I feel 26 atleast[09:50
am] lisas : I can hear you all the way down
here at the beach
[09:51 am] Ed : did not mean to be soo
loud
[09:52 am] qwert : hahahaha[09:52 am] lisas
: Startled the sea gulls
[09:54 am] Ed : wow
[09:55 am] shark : hhahaa[09:55 am] shark :
he’s got that concept in reverse!
[09:55 am] shark : what the mind can
conceive and believe, it will acheive[09:55
am] joeytsa : yep
[09:56 am] qwert : watching TRAK
[09:56 am] khall : Did he look at you as if
you had five purple heads?
[09:56 am] shark : you should be charging
HIM, he needs you as a mentor, Mitch
[09:57 am] qwert : low volume on trak[09:57
am] joeytsa : all inventions were at one
time just a thought
[09:57 am] shark : 🙂 nice joey!
[09:58 am] joeytsa : think thats from one of
my favorite books
[09:58 am] shark : kids come up with funny
one liners…
[09:58 am] joeytsa : “Think and Grow Rich”
Napoleon Hill
[09:58 am] shark : YEAHH!!!
[09:58 am] joeytsa : i read it every year
[09:58 am] garyb : great book Joey!
[09:59 am] joeytsa : keep a notebook on my
desk with thougths from it
[09:59 am] joeytsa : “the man who wins is
the man who thinks he can”
[10:00 am] khall : In all seriousness,
science is finding more and more that your
mental outlook has everything to do with
how/if you heal and if you are successful.
[10:00 am] joeytsa : sure does khall[10:01
am] shark : 🙂
[10:04 am] shark : SPY back over b/e[10:04
am] shark : SPY back over b/e[10:05 am]
joeytsa : quick mve on CRM
[10:05 am] shark : intelectual aptitude, vs
street smarts?
[10:07 am] joeytsa : ACOM little move
[10:10 am] joeytsa : yep
[10:10 am] lisas : yes, Ed makes a perfect
example
[10:10 am] joeytsa : haha[10:10 am] Ed :
lol[10:10 am] Ed : thats a good one
[10:10 am] jsn13 : But we need master like u
to sit beside us and teach us….Haha…
[10:13 am] jsn13 : How long did u spent
teaching them?
[10:13 am] joeytsa : tighten stop if you
took EQIX long on that break above 173
[10:16 am] Ed : SPY approaching hod[10:31 am]
jsn13 : joey, ur EQIX doing
well….congrats….i missed it though….
[10:33 am] qwert : test
[10:34 am] Ed : i c ya qwert[10:34 am] qwert
: thx ed[10:46 am] qwert : thx for wtw
mk[10:56 am] joeytsa : thx Mitch
[10:57 am] jsn13 : hey joey, have u exited
EQIX?
[10:57 am] joeytsa : yes jsn, seeing if it
will break abve176 now
[10:58 am] jsn13 : u exited around 176
level? u trail ur stop up?
[10:58 am] joeytsa : no, i got out at
174.98
[10:59 am] joeytsa : then went to eat
[10:59 am] jsn13 : ok reasonable
exit….thanks…
[10:59 am] jsn13 : “When you want to succeed
as bad as you want to breathe, then you’ll be
successful”
[11:00 am] joeytsa : i left money on the
table, but thats ok because i know that about
me
[11:00 am] jsn13 : still u did great….nice
nice….
[11:01 am] joeytsa : 🙂
[11:01 am] joeytsa : thats a great video
Mitch
[11:02 am] jsn13 : Thanks Mitch for the
video….
[11:02 am] joeytsa : i just posted that
video to my facebook page
[11:07 am] lisas : Hey, that’s Virginia
Beach!
[11:09 am] joeytsa : obama was only 55
minutes late to speak
[11:11 am] khall : well, he knows everyone
will wait for him no matter what
[11:11 am] joeytsa : campaign blabber
[11:12 am] khall : blame game again?
[11:12 am] joeytsa : so do the parents get
deported?
[11:17 am] qwert : he seems to be quite
testy
[11:17 am] qwert : hahaha[11:17 am] khall :
yes, I noticed that
[11:18 am] joeytsa : he got mad when that
guy interupted him hah
[11:20 am] khall : so I can’t help but
thinking – was it political or is he really
thinking this needs to be done?
[11:21 am] joeytsa : khall: i will give you
3 guesses, and the first 2 dont count 🙂
[11:21 am] khall : ha ha ha[11:21 am] lisas
: I don’t think she’ll need three
[11:22 am] khall : it just boggles my mind
that at the last minute all this stuff gets
talked about when we’ve had the past 3+ years
to get it done
[11:23 am] joeytsa : or even when he had
both houses
[11:24 am] khall : well, I hope we get
action in a positive direction for the
country this next term, no matter who wins
[11:24 am] joeytsa : thats why im glad i
trade
[11:25 am] khall : yup
[11:29 am] lisas : well, +1000 tick!
[11:29 am] lisas : somebody woke up
[11:34 am] joeytsa : its actually quad
witching today
[11:50 am] joeytsa : spy vol is very low
[11:54 am] khall : it’s been pretty puny
today
[11:56 am] jsn13 : Ed, did u go long on
either ZNGA or FB?
[11:58 am] Ed : just watching the action
[11:59 am] jsn13 : Is there a good entry in
ZNGA? i mean juz now….or FB?
[12:01 pm] Ed : not alot of money on short
side, and really being accumulated today,
also znga/fb put in nice bottoming action on
for now on daily
[12:01 pm] jsn13 : Im more interested at the
longs at the break higher….do we have an
edge there?
[12:16 pm] mikewd2 -: come WFT push thru
13
[12:16 pm] Ed : if can get a move with vol
in FB, 29.43 can get possible .30 but have to
be quick and play it tight.. Im not playing
it though, I pullback days like today
[12:17 pm] Ed : monday should be much more
volatiles day with many more ideas
[12:18 pm] Ed : have to be even more picky
today
[12:19 pm] jsn13 : good good….got
it….
[12:21 pm] Ed : thats how u want to see vol
on breakout AAPL chart
[12:22 pm] Ed : does not matter stock, price,
but pattern and vol is what ur studying
[12:22 pm] jsn13 : breakout of 571 u mean?
where would be ur entry?
[12:23 pm] jsn13 : price going up fast with
volume coming in fast? hit and break
resistance decisiviely?
[12:24 pm] Ed : that would be an area for me,
every trader is different
[12:25 pm] jsn13 : ok got it….thanks…can
u show me ur possible entry?
[12:26 pm] Ed : what u want to learn is where
would be comfortabl entry for Jason, when u
see where ur areas of potential resistance
are, ur lookn for breakout with volume, its
all about the patterns
[12:28 pm] jsn13 : i understand…but i like
to see examples….i like to see how u who
are more experienced would do it andi would
reverse engineered it….
[12:28 pm] Ed : u have good handle and can
read charts pretty good, so u can apply this
pattern to stock consolidation, breakout to
new intrady high, or even on daily, and turn
chart upside down and then u have ur
breakdown
[12:28 pm] jsn13 : yup tried alot fo
breakout today….but got some that got
stopped…
[12:29 pm] Ed : so definitley day like today,
u want convincing vol[12:29 pm] joeytsa :
Thanks MItch, Ed, everyone…have a great
weekend, see you all on monday. Happy Fathers
Day 🙂
[12:29 pm] qwert : same to you joey
[12:29 pm] Ed : c ya joey, u likewise
[12:30 pm] jsn13 : bye joey…
[12:30 pm] khall : bye joey
[12:30 pm] jsn13 : nice breakout on
amzn….
[12:31 pm] Ed : but look at vol[12:31 pm]
jsn13 : volume died off?
[12:31 pm] Ed : so if ur in the stock, u
definitely want that vol to show up sooner
than later
[12:32 pm] jsn13 : whta u mean is that not
only u need volume for signal, if vol died
off after entering, u would tighten ur stops
or exit…right?
[12:33 pm] Ed : yes
[12:35 pm] jsn13 : when u r free, can u
explain about the QCOM short at the break of
lod in the morning?
[12:35 pm] jsn13 : I shorted at 9.42 am and
9.49 bars….and got stopped on both….
[12:37 pm] Ed : I mentioned it was advanced
trade and had to have vo. I dont see any vol,
so that would have kepp ut out of trade
[12:38 pm] jsn13 : but both bars have very
high volume at the break b4 closing with
tejection to lower price….
[12:38 pm] jsn13 : so what do u mean by
volume?
[12:43 pm] Ed : u tell me, this is why I say
study the charts, tell me if there is any
difference in the vertical lines red/green at
bottom
[12:44 pm] jsn13 : u mean sudden spike in
volume donw for ezpn?
[12:45 pm] qwert : bye everybody all the
dads have a great fathers day cya in
monday[12:45 pm] Ed : not picking on u jason
but this is why u should not be trading the
breakdown at this time until ur able to
depict and interpret on short breakdown
[12:45 pm] Ed : c ya qwert[12:45 pm] jsn13 :
i still dont get it….what is the diff
here.?
[12:46 pm] jsn13 : im trading this strategy
wih sim account…juz wanna learn…
[12:47 pm] Ed : se those red bars on chart,
that is what u looking for in breakdwon
short
[12:48 pm] Ed : tell me if u see that in am
with QCOM?
[12:48 pm] jsn13 : u mean the breakdown of
WTW at 2.32pm?
[12:49 pm] jsn13 : is the one that i should
short….
[12:49 pm] Ed : dont understand comment
[12:50 pm] jsn13 : the break of support
with multiple time the size of the pervious
volume bar?
[12:50 pm] Ed : just speaking of break of
support with vol[12:50 pm] jsn13 : ok….the
right kind of breakdown that we should short
is 2.32pm bar as an entry?
[12:51 pm] Ed : break of horizontal line
[12:51 pm] jsn13 : the 2.32pm bar as an
entry for WTW short…
[12:51 pm] Ed : Im explaining what u should
be looking for wtih QCOM chart
[12:51 pm] Ed : breakdown of support with
convencing vol[12:52 pm] jsn13 :
ok…..understand ed….
[12:52 pm] Ed : so my quesition is the times
u shorted this am, did u have that vol?
[12:52 pm] jsn13 : nope….
[12:54 pm] jsn13 : so for BLL long at
10.10am bar is not a good one either?
[12:54 pm] Ed : so it would have kept u out
of the trade right?
[12:54 pm] jsn13 : yup….
[12:57 pm] Ed : nice daily
[12:57 pm] jsn13 : wow nice buy signal on
daily…enter after hammer ed?
[12:57 pm] Ed : for what type of trade at
that time
[12:58 pm] jsn13 : BLL breakout at 10.10am
on 1 min…
[12:58 pm] jsn13 : long
[12:59 pm] Ed : I have to have vol with my
breakout/breakdown, shows demand for stock on
breakout and dumping the supply on
breakdowon[01:00 pm] shark : 🙂 WOW! Great
market action.
[01:00 pm] Ed : nice
[01:00 pm] shark : will hold PCLN 610 PUT
6/22 sold for 4.10, worth 1.90
[01:01 pm] Ed : there is ur FB jason[01:02
pm] shark : YEAAAHHH!!!!
[01:02 pm] shark : Go FB
[01:02 pm] jsn13 : would u take long at
3.30pm or at 3.47 or 3.55pm?
[01:03 pm] jsn13 : which one is a more valid
entry?
[01:03 pm] Ed : be honest not sure how I
would have played it
[01:04 pm] jsn13 : no that kind of volume
that u are looking for?
[01:04 pm] jsn13 : if u scroll and cover the
most recent bars, then the volume would look
higher at the point….
[01:04 pm] jsn13 : juz b4 the
breakouts…
[01:05 pm] jsn13 : they have quite a long
consolidation…
[01:06 pm] Ed : i know I would not have at
3:30 or 3:47, maybe at 3:55 but reduce size
see if consolidation would hold
[01:06 pm] jsn13 : ok thanks….
[01:07 pm] jsn13 : have a good weekend
ed….thanks for the lessons…
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