[06:22 am] Ed : good morning traders
[06:34 am] Ed : watching IHS for potential
short
[06:34 am] Mitch K: watching CNW for bottom
to buy
[06:34 am] Mitch K: watching SXCI for top to
short
[06:35 am] Mitch K: watching CB for top to
short; take time
[06:36 am] Mitch K: watching ROSG for short
here
[06:36 am] Mitch K: watching FSLR for top to
short
[06:37 am] Mitch K: watching SYNC for bottom
to buy
[06:37 am] Mitch K: watching PXP for bottom
to buy
[06:37 am] Mitch K: watching CTXS for top to
short
[06:39 am] Mitch K: watching LTD for bottom
to buy
[06:39 am] Mitch K: watching MS for bottom to
buy
[06:40 am] Ed : if u took IHS short would
cover
[06:40 am] Mitch K: watching RIG for bottom
to buy
[06:40 am] Mitch K: watching ALGN for bottom
to buy
[06:41 am] Mitch K: watching VRX for short
[06:41 am] Mitch K: watching COO for top to
short
[06:42 am] Mitch K: watching M for bottom to
buy
[06:42 am] Mitch K: watching NXPI for top to
short
[06:43 am] Mitch K: watching ALGN closer
[06:43 am] Mitch K: watching OVTI for bottom
to buy
[06:43 am] Ed : monitor FB for breakout with
vol
[06:43 am] Mitch K: watching AMRN for bottom
to buy
[06:44 am] Mitch K: watching ASH for top to
short; take time
[06:44 am] Mitch K: watching HAIN for top to
short; take time
[06:45 am] Mitch K: watching CE for bottom to
buy
[06:45 am] Mitch K: watching RCL for bottom
to buy
[06:46 am] Mitch K: argh, missed ARNA, watch
for top to short
[06:47 am] Mitch K: watching GNC for bottom
to buy
[06:48 am] Mitch K: still watching TRMB for
bottom
[06:48 am] Mitch K: watching CAM for bottom
to buy
[06:49 am] Mitch K: watching FST for bottom
to buy
[06:49 am] Mitch K: looking for $31 area on
PXP; be flexible
[06:50 am] Mitch K: watching MAN for top to
short
[06:50 am] Mitch K: watching COH for bottom
to buy
[06:50 am] Mitch K: watching CFX for
bottom
[06:52 am] Ed : consider redcuing some FB if
u took long
[06:53 am] Mitch K: watching SYNC for
bottom
[06:53 am] Ed : monitor pullback on ONXX see
if 64.01 area holds
[06:54 am] Ed : ONXX has resistance @ near
64.65 so need STRONG vol for breakout
[06:54 am] Mitch K: watching BC for top to
short
[06:56 am] Mitch K: took BMR off screen
[06:56 am] Mitch K: cant remember if i posted
PVH bottom but consider selling long and
start watching for top to short
[06:57 am] Mitch K: watching ILMN for top to
short
[06:59 am] Mitch K: watching MAS for bottom
to buy
[06:59 am] Mitch K: watching ALXA for
bottom
[07:01 am] Mitch K: looking for 62.40 area on
SLB to sell; be flexible
[07:02 am] Mitch K: looking for 31.50 and
higher on PXP; be flexible, looks strong
[07:02 am] Ed : SPY trading at horozontal
resistance
[07:03 am] Mitch K: too low vol on SYNC,
consider selling
[07:04 am] Mitch K: A bouncing
[07:04 am] Mitch K: watching MCK for bottom
to buy
[07:05 am] Mitch K: watching PVH closer
[07:06 am] Mitch K: watching CREE for top to
short
[07:07 am] Mitch K: watching ILMN closer
[07:08 am] Mitch K: consider selling MS
[07:08 am] Mitch K: PXP toppy
[07:09 am] Mitch K: watching VMW for top to
short
[07:09 am] Mitch K: monitor MS for short top
of this bounce
[07:10 am] Mitch K: consider reducing ALGN
long, watch for top to short; patient on the
short, take time on short
[07:10 am] Mitch K: watching WNC for top to
short, low priced
[07:11 am] Mitch K: you should be out of SLB
long
[07:11 am] Mitch K: CREE toppy
[07:12 am] Mitch K: watching MLNX for top
here to short
[07:15 am] Mitch K: taking TRMB off screen
[07:16 am] Mitch K: watching RHT for top;
early yet, take time
[07:16 am] Mitch K: ALGn toppy
[07:17 am] Mitch K: looking for 67.50 area
for ASH; be flexible on covering, cover in
increments
[07:17 am] Mitch K: start covering some ASH
short
[07:18 am] Mitch K: more downside on HNR,
consider small short
[07:20 am] Ed : getting pullback in SPY
[07:22 am] Mitch K: looking for 51.80 area on
HAIN short; be flexible
[07:24 am] Mitch K: BC toppy
[07:25 am] Mitch K: starting to monitor CCL
for bottom, companion to RCL, ROyal Cruise
lines
[07:27 am] Mitch K: consider selling SYNC
[07:28 am] Mitch K: more downside on MAN
short
[07:29 am] Mitch K: looking for 13+ on MAS
long
[07:29 am] Mitch K: consider selling PXP
[07:30 am] Mitch K: PVH could drop to 79; be
flexible on short; remember market is going
down
[07:30 am] Mitch K: MLNX toppy for short
[07:31 am] Mitch K: VMW a little on the
bullish side on this short
[07:31 am] Mitch K: could see new lows on SLB
if you shorted on top of that bounce
[07:32 am] Mitch K: watching LAZ for
bottom
[07:33 am] Ed : if you took ONXX long on
breakout would reduce some here
[07:35 am] Mitch K: watching ALV for bottom
to buy
[07:35 am] Mitch K: looking for lower on ARNA
if you are short but gradual covering is
good
[07:36 am] Mitch K: little bounc ein SPY
starting, will bring up your longs or most
stocks
[07:37 am] Mitch K: watching TX for bottom to
buy;
[07:37 am] Mitch K: consider covering WNC
[07:39 am] Mitch K: starting to watch NUGT
for bottom
[07:40 am] Mitch K: lower low on SPY
[07:40 am] Mitch K: VMW breaking down
afterall
[07:40 am] Ed : SPY trading at lod
[07:41 am] Mitch K: NXPI turning over
[07:42 am] Mitch K: watching ROK for
bottom
[07:42 am] Mitch K: watching MNST for bottom
to buy
[07:46 am] Mitch K: consider reducing ASH
short
[07:46 am] Mitch K: consider reducing ARNA
short
[07:46 am] Mitch K: consider reducing HAIN
short
[07:47 am] Mitch K: watching PAAS for bottom
to buy
[07:48 am] Mitch K: watching AMRN for bottom
to buy
[07:49 am] Mitch K: watching STT for bottom
to buy
[07:49 am] Mitch K: watching ALV for bottom
to buy
[07:50 am] Mitch K: watching RGLD for
bottom
[07:52 am] Mitch K: watching H for top to
short
[07:56 am] Mitch K: ALV bouncing
[07:56 am] Mitch K: watching AMRN closer
[07:58 am] Mitch K: watching TROW for top;
take time
[07:59 am] Mitch K: expecting AREX to drip
down
[08:07 am] Mitch K: watching DANG for bottom
to buy
[08:35 am] Ed : SPY trading in small range
[08:39 am] Mitch K: looking for 12.80 area on
AMRN, be flexible, could move higher if
market has rebound
[08:47 am] Mitch K: watching UVXY for bottom
to buy
[08:48 am] Mitch K: looking for $12.85 area
on AMRN, be flexible
[08:50 am] Mitch K: monitoring ZMH, no trade
yet, just watching
[08:51 am] Mitch K: monitoring CNK for
bottom
[08:56 am] Mitch K: CNK bouncy off 21
[09:55 am] Ed : monitoring LIFE for potential
short take time would like move to 43.8ish
area
[10:01 am] Mitch K: watching URBN for bottom,
trading for crumbs
[10:20 am] Mitch K: watching MLNX for 2nd
helping short
[10:37 am] Mitch K: earlier
[10:37 am] Mitch K: hope you guys got AMRN
long
[11:01 am] Ed : getting bounce in SPY
[11:13 am] Ed : use smaller than normal
position size if it setsup
[11:13 am] Ed : monitor IHS in the 106.5ish
area for potential short,
[11:25 am] Ed : IHS still strong
[11:34 am] Ed : nice bounce in SPY
[11:48 am] Ed : placing stop last 1/4 IHS
short at breakeven
[11:48 am] Ed : covering 3/4 of IHS short for
plus .40
[12:06 pm] Ed : out all IHS short
[12:25 pm] Ed : getting pullback in SPY
[01:01 pm] Ed : have an awesome weekend
|
[06:10 am] lisas : gm all
[06:15 am] mikewd2 -: good morning traders
[06:15 am] akram : Good Morning All
[06:15 am] lisas : gm Mike, akram
[06:21 am] gumroadboy : Good morning y’ll,
finish your grits before the market opens.
[06:22 am] eddy : hello all
[06:24 am] apple : good morning to all
prepared traders
[06:24 am] apple : gm eddy
[06:24 am] apple : gm gum
[06:24 am] apple : gm lisa
[06:24 am] apple : gm akram
[06:24 am] apple : gm mike
[06:24 am] apple : gm E
[06:24 am] mikewd2 -: apple in the house!
[06:24 am] skydiver : gm all
[06:24 am] eddy : hi apple
[06:24 am] apple : DRI, CCL and CUK earnings
today
[06:25 am] eddy : CCL release earnings
[06:25 am] lisas : gm apple
[06:25 am] eddy : beaT anaylyst estimate by
far and up guidance
[06:25 am] apple : housing 10 am
[06:26 am] mikewd2 -: UVXY might provide some
good bounces today
[06:26 am] qwert : good morning everybody
[06:27 am] gub : waaaaah sup traders!
[06:27 am] gub : the market!
[06:27 am] apple : thx mike
[06:29 am] skydiver : watching R
[06:31 am] mikewd2 -: PVH
[06:31 am] garyb : Good morning everyone!
[06:32 am] skydiver : gm gary
[06:32 am] garyb : Skkkyyyyy
Divverrr…alway think of that old 70s
song
[06:33 am] skydiver : lol!
[06:33 am] skydiver : you’re not that old
gary 🙂
[06:34 am] apple : skypilot
[06:34 am] skydiver : right pilot!
[06:34 am] skydiver : 🙂
[06:34 am] apple : love you sky
[06:34 am] eddy : watchin MS for long
[06:35 am] apple : hey gary, we shoulld
talk
[06:36 am] cdougan : ARNA
[06:36 am] skydiver : thnx apple 🙂
[06:37 am] Ed : good eye cdougan
[06:37 am] cdougan : sold quick
[06:38 am] garyb : Hey apppllleee!
[06:38 am] garyb : Just added to my UVXY
position!
[06:38 am] garyb : I feel like I am flying
in a heavy bomber!
[06:39 am] mikewd2 -: GMCR
[06:43 am] skydiver : all out of PVH S –
thnx mike
[06:46 am] mikewd2 -: yeah, i got that on
too
[06:47 am] skydiver : 🙂 very nice mike –
owe you one!!
[06:47 am] garyb : Mike do you still have
UVXY?
[06:47 am] apple : selling off on the market
after the open
[06:48 am] mikewd2 -: yes
[06:48 am] skydiver : thnx apple
[06:48 am] mikewd2 -: garyb: but only the
covered calls shares
[06:48 am] skydiver : FDX been dropping
steady
[06:49 am] skydiver : wow PVH had quite the
spike up
[06:53 am] qwert : thx for fb ed
[06:53 am] jsn13 : Out all FB long thanks
Ed….
[06:56 am] apple : yes you did MK, thx
[06:57 am] skydiver : looks like a double
top on PVH
[06:59 am] apple : looking at MAS
[07:01 am] go4it : very nice cdougan!
[07:05 am] eddy : test
[07:05 am] Ed : i see you eddy
[07:06 am] eddy : k
[07:06 am] eddy : MS
[07:08 am] mikewd2 -: nice call eddy
[07:11 am] jsn13 : IHS consolidation in
tight range…
[07:11 am] jsn13 : *consolidating
[07:13 am] mikewd2 -: tech stocks seem strong
today
[07:16 am] scalpman : OUt 1/2 PVH S
[07:20 am] mikewd2 -: moved stop on PVH S to
trailing
[07:22 am] apple : good job mike and
scalp
[07:22 am] Ed : nice going scalp/mike
[07:28 am] apple : about 40 ideas so
far…
[07:34 am] apple : thx E
[07:38 am] scalpman : All out PVH S
[07:38 am] scalpman : HIt my low
target…
[07:38 am] apple : great job scalp
[07:38 am] skydiver : Been a good week —
short day today and have to go. Have a great
week-end all. Nice scalp on PVH 😉
[07:39 am] apple : have fun sky
[07:39 am] skydiver : 🙂
[07:43 am] scalpman : out 1/2 CCL L
[07:47 am] scalpman : All out CCL L …I
botched my OCO…oh well.
[07:47 am] scalpman : Thanks apple
[07:48 am] scalpman : bye Sky
[07:48 am] apple : amrn
[07:49 am] scalpman : ED: can you look at
the bottom of ALGN
[07:50 am] Ed : 1 sec
[07:50 am] mikewd2 -: dang, was entering
order on MNST – and it jumpd
[07:50 am] apple : STT
[07:51 am] scalpman : I entered 9:45 opn
green bar…but got stopped below low…and
then missed rebound…
[07:52 am] mikewd2 -: looked like a good
entry scalp
[07:53 am] victor51 : Missed MNST by 2
cents. Well thats part of game
[07:53 am] scalpman : My stopp was too at
the lower of the previous wick..
[07:54 am] apple : next time victor
[07:54 am] Ed : that happens Scalp, still
great entry though, just so happens u got
stop, what u do in that case is take
breathere and see what other opps are out
there it just so happens gave anothe good
entry bottom at 9:49
[07:54 am] scalpman : but it popped down,
got me out, and the rebounded.
[07:54 am] scalpman : Yes, it took me 3 or
minutes to calm down…and then I missed the
rebound.
[07:55 am] Ed : It happens to all traders no
matter how solid ur plan is
[07:56 am] scalpman : I think the brief
lower low is an “exhaustion” sell, it uses
them all up. and set the stage for the
reversal
[07:56 am] scalpman : Brooks in his books
calls that something, I can’t remember
[07:56 am] Ed : thats why u must live in the
now, u did the right thing about calmin the
nerves, now what u do is study this chart and
see how u can improve and see where u were
right on
[07:56 am] scalpman : The question is how
much room to give the stop…
[07:57 am] Ed : Its a flushing if u will,
sometimes u get, sometimes not
[07:57 am] apple : MRK moving
[07:57 am] scalpman : very good…
[07:57 am] jsn13 : Entered MNST at 10.45am
73.80, out half at 74.09 and 2nd half at
10.55am 74.65….thanks mitch….
[07:57 am] scalpman : Any way….for 10am
on…I made good trades and recoups loss. I
am slightly green….and smarter
[07:58 am] apple : good job jsn
[07:58 am] apple : good job scalp
[07:58 am] Ed : personal preference, example
I still stick with placing few cents below
lod, but someone like Mitch would not have
been stopped, If I took the trade where u
did, I would have been stopped
[07:59 am] Ed : See, I dont mind though cuz I
know at end of day,week,month,year, my
winners will more than make up for the
lossers or the smalll stuff like that trade
not working
[08:00 am] scalpman : Yes…I see,
[08:00 am] scalpman : thanks apple
[08:01 am] jsn13 : thanks apple…
[08:02 am] Ed : See it is truly about
mindset, emotions, once ur able to take small
losses and move on withought being
emotionally attached to what happened in
past, ur able to focus on setups and
opportunities
[08:02 am] apple : ain’t that the truth,
E!
[08:04 am] Ed : My CPA has this on her
voicemail, “for every negative thought there
is a positive tought, focus on the
positvie”
[08:04 am] apple : ditto
[08:05 am] jsn13 : Chief Personal Assistant
or Certified Public Accountant? haha…
[08:05 am] apple : good one jsn
[08:06 am] Ed : good one, my tax person
[08:08 am] eyes %: Get to work stop Playing
LOL
[08:09 am] apple : is that eyes, or someone
else?
[08:09 am] qwert : eyes is tha u
[08:09 am] eyes %: It is I how is everyone
[08:10 am] Ed : hey eyes
[08:10 am] qwert : new nickname ha
[08:10 am] scalpman : CCL Tanking down
[08:10 am] apple : missing you eyes, he
always reinvents himself — i like that
[08:10 am] scalpman : any neews on CCL
[08:11 am] lisas : Hey Eyes, like the newer
you!
[08:11 am] Ed : they had earnings release
premarket I think
[08:11 am] apple : you are in iowa, now?
[08:11 am] apple : at 10 am E
[08:11 am] eyes %: yes for a while
[08:12 am] qwert : Ed did you ever get onxx
on the breakout?
[08:12 am] Ed : yes
[08:12 am] qwert : nice i had it up and
still missed haha
[08:13 am] eyes %: I went and bought a
verison 2 Gb data so i can chat
[08:13 am] qwert : on your phone
[08:14 am] eyes %: ipad
[08:14 am] qwert : wow cool
[08:14 am] qwert : what app are you using to
run the room on
[08:14 am] jsn13 : missed IHS breakout…
[08:15 am] eyes %: omnovia web conference
mobile
[08:15 am] qwert : cool any delays or
hiccups
[08:16 am] eyes %: not as of yet the only
thing i cannot figure out how to see EDs and
Mitch post just chat room
[08:17 am] eyes %: just the one on bottom of
chart
[08:18 am] qwert : okay i have run it on
iswifter and get the whole room if you want
to try that
[08:18 am] scalpman : TROW broke through
resis.
[08:19 am] scalpman : …weakly
[08:19 am] scalpman : trying again…may
have another leg up
[08:19 am] qwert : watching RHT
[08:22 am] scalpman : qwert RHT S @ 54.02
[08:27 am] qwert : scalp i ended up not
taking because i thought to close to
support
[08:27 am] scalpman : Stopp b.e. on
RHT…stopped…
[08:28 am] scalpman : lots of support at
523.90
[08:28 am] scalpman : 53.90
[08:28 am] scalpman : and of course it now
dropps…arrrrrgh
[08:29 am] qwert : sorry scalp
[08:30 am] eyes %: do i have to buy it
QWERT
[08:30 am] scalpman : well not a loss…at
it still holds at .90…I think may still
break at some point.
[08:31 am] qwert : i think i got it free
eyes have had it for a while
[08:31 am] qwert : maybe a 1.00
[08:32 am] eyes %: thanks
[08:32 am] qwert : so far the only way i
have been able to run adobe flash on the
ipad
[08:35 am] eyes %: How are you doing Apple
[08:39 am] apple : great
[08:40 am] eyes %: good to hear
[08:42 am] qwert : nice call on AMRN mitch
thx
[08:45 am] jsn13 : qwert, ho do u trade
AMRN? where is ur entry?
[08:45 am] jsn13 : *how
[08:47 am] qwert : at 11:00 est
[08:47 am] qwert : 12.40 only 6 cent risk to
low
[08:48 am] garyb : I like your style Mitch!
Gooo UVXY!
[08:48 am] eyes %: nice
[08:49 am] garyb : Who’s cheering for
Germany today??
[08:50 am] eyes %: see you all later
[08:50 am] apple : taking a break, robert
just got up — ahhhh, summer vacation….
it’s great to be 10. need to fix
breakfast…
[08:51 am] jsn13 : ok thanks qwert….if u
have time can u explain abit on why u take it
long even it shows steady
downtrend….thank….
[08:53 am] scalpman : Qeqrt RHT
[08:54 am] scalpman : Qwert
[08:54 am] qwert : at support on daily and
very small risk also finally 2nd green candle
on 2 min
[08:54 am] qwert : hahaha onrht
[08:56 am] scalpman : RHT re-entry @
53.97
[08:57 am] scalpman : Might break to 53.50
200 ema
[08:58 am] jsn13 : thanks qwert…it also
broke the downtrend line….nice
explanation…..have u out half on AMRN?
[09:02 am] scalpman : stopped in the
green…All told a whopping $31.65 on RHT…I
should read book instead
[09:02 am] scalpman : .i.e. probablynot the
best trade.
[09:03 am] scalpman : Time to go folks…a
green day….and and green week.
[09:03 am] Ed : yes, SPY in tight range
[09:04 am] qwert : nice scalp have a great
weekend
[09:04 am] scalpman : I proved once again,
that I have to forgo the first 45
minutes…
[09:04 am] scalpman : I am not adept in that
pace..
[09:04 am] Ed : green is good
[09:05 am] cdougan : nice work scalp
[09:05 am] scalpman : Yes…please about
that after a rough week before…
[09:05 am] scalpman : Tanks dougan
[09:06 am] scalpman : thanks qwert and mike.
good ideas…and of course Mitch and ED.
[09:06 am] scalpman : See you all
Monday…
[09:06 am] jsn13 : at least u try
scalp….have a great day….
[09:06 am] Ed : c ya scalp
[09:06 am] scalpman : Thanks apple. You are
always encouraging.
[09:07 am] scalpman : One more thing…I am
trying to post entries…and follow my trades
actions. Don’t know that is helpful…as you
are all watching your own stuff.
[09:08 am] scalpman : And I know we all
like to put out a price when our trade is
well in the green…so that we look good.
[09:08 am] cdougan : Hey Ed, Had a question
on HNR when you have a moment
[09:09 am] Ed : i am free
[09:09 am] scalpman : but I think it is a
better discipline to post your actions if you
can. I’d like to see what you trade and jump
on board if an opportunity arises
[09:09 am] scalpman : give it some
thought.
[09:09 am] cdougan : Looking at this
intraday reversal….
[09:10 am] cdougan : seemed like a high
probability short
[09:10 am] scalpman : Scalpman has left the
building!
[09:10 am] cdougan : wondering if the
reversal was easy for you to see and look to
get long. Or if it was more of a lower
probability trade.
[09:11 am] lisas : bye all, heading out of
town, have a great weekend!
[09:11 am] Ed : yes, prices 10 and under u
can use single numbers as potential
support/resistance and it has been having
trouble with that 9ish price
[09:12 am] Ed : So, when open had issues with
9, and it also bounced off of that 8ish
area
[09:13 am] Ed : so provided both long/short
opportunities
[09:14 am] cdougan : yes. I could see the
short. But wasn’t flexible enough to start
hinkong long when it couldn’t break down
below 8.20 ish
[09:14 am] Ed : so keep thos factors in mind,
for me it would be high probablity short this
am, and when sold off down to 8ish area for
potential long
[09:14 am] cdougan : ok thank-you
[09:15 am] Ed : right 8.05 was lod, but even
with using those single digit numbers as
potential support/resitance u want it to
setup for you a signal
[09:15 am] Ed : safe travels lisa
[09:16 am] Ed : It takes some practice to
learn to be flexible
[09:17 am] cdougan : yes. Especially for
thos gap plays when I look at them in the
AM.
[09:17 am] cdougan : I have something that I
think… what happens is usually a different
story
[09:17 am] Ed : ARNA that u pointed out early
was great one as well as the numbers
coinciding with ma on daily
[09:18 am] cdougan : yeah that was a good
one. I wal looking it for it to bounce of
premarket lows.
[09:18 am] Ed : I agree, I think I am
superman, then reality sets in
[09:18 am] cdougan : instead it sold off
hard and there were some good trading opps
[09:18 am] Ed : yes
[09:19 am] cdougan : ha yes. my expectations
get in teh was of looking at it
objectively.
[09:19 am] cdougan : get in the way
rather
[09:20 am] jsn13 : Ed, did u make any trade
on ARNA? did u manage to ge the short below
the premarket low?
[09:20 am] Ed : it happens, have to work on
getting those cold veins when it comes to
trading
[09:20 am] Ed : did not trade it, was busy
with others
[09:21 am] cdougan : thanks for your insight
Ed
[09:21 am] jsn13 : the thing is that do we
have enough time to execute the short?
dropped 3.50 in 1 min….how bout the
bounce?did u trade it?
[09:22 am] cdougan : It sold off really fast
Jsn.
[09:23 am] cdougan : the bounce and then the
short of the bounce seemed like they were
actionable trades.
[09:23 am] cdougan : or were actionable
trades.
[09:24 am] Ed : did not see chart until
9:37
[09:26 am] jsn13 : ok thanks….cdougan, it
looks like there were some
opportunities….but abit too risky for
me….
[09:27 am] cdougan : Thats all for me.
Thanks everyone for the calls. And have a
great day. Good luck with the rest of the
day.
[09:27 am] Ed : c ya cdougan
[09:28 am] jsn13 : bye cdougan…
[09:49 am] eddy : ARNA
[09:56 am] qwert : PVH consolidation for 2
hours tight range
[09:58 am] apple : ready for a breakout?
[09:58 am] apple : SPY same
[09:58 am] qwert : got alerts set both
ways
[09:59 am] apple : i need to set alerts in
TS
[10:00 am] qwert : apple you like ts better
than lightspeed
[10:00 am] apple : yes, so far, new stuff to
learn, love the desktops and workspaces,
actually
[10:00 am] apple : right now, looking how to
put in alerts
[10:01 am] qwert : can you execute orders
the same way and use hot buttons to bump
[10:01 am] apple : i am using the matrix
right now
[10:02 am] mikewd2 -: i use the matrix mostly
apple, but did do chrt trading today also
[10:02 am] qwert : is that trading off the
chart im not familiar with ts at all
[10:02 am] apple : haven’t gotten there yet
mike. how do i set an alert?
[10:02 am] apple : SFLY hod
[10:03 am] mikewd2 -: from chart or ?
[10:03 am] mikewd2 -: in chart – i add horiz
line and place alerton it
[10:03 am] mikewd2 -: you can on trendlines,
etcetc.
[10:04 am] apple : i see it’s under
format… i was looking for it to say alert,
thx
[10:20 am] mikewd2 -: FST pushing 7, nice
recovery from lod
[10:25 am] jsn13 : FB breakout…above
33….missed it…
[10:25 am] apple : everything a little flat
this afternoon
[10:28 am] apple : i keep forgetting to ask,
i can only see about a third of the MLNX
chart, how can i adjust it
[10:29 am] mikewd2 -: middle button unde
desktop sharing
[10:29 am] mikewd2 -: fit, no fit button
[10:31 am] apple : still have some gray
space above, is that correct
[10:33 am] Ed : sorry apple, can’t help, I
only understand woman and stocks
[10:33 am] apple : lol, you know, that’s all
you need E!!!!
[10:33 am] Ed : lol
[10:36 am] jsn13 : ed, what a nice breakout
in FB…did u get it?
[10:36 am] Ed : I still had 1/4 left from
breakout this am
[10:37 am] apple : @ym
[10:38 am] apple : wrong screen
[10:38 am] jsn13 : U knwo what is patience
when u knwo that ed is still holding his last
1/4 from am….
[10:38 am] jsn13 : *know
[10:38 am] Ed : I tend to forget my last 1/4
at times, thats when it really pays off, if I
pay attent Im out
[10:38 am] jsn13 : good trade ed….i took
all of in the am…thanks ed…
[10:39 am] qwert : same here better to just
look every 30 mins or so
[10:39 am] Ed : u know they say the Lord
looks after fools sometimes also, not calling
myselff fool just speaking in general
[10:40 am] apple : haha, true…
[10:43 am] qwert : yep thx mk
[10:47 am] murano : LCC
[10:50 am] apple : thx murano
[10:57 am] jsn13 : haha agree ed….
[10:57 am] jsn13 : qwert do u still have
half position iin AMRN long? working very
well…
[10:58 am] qwert : 1/4 left on amrn
[10:59 am] victor51 : Murano, I was looking
for trade but missed it. What scanner do you
use
[10:59 am] jsn13 : may i know where do u
took off ur 1/2 and 1/4?
[10:59 am] murano : Lightspeed
[11:00 am] qwert : 1/2 at 1% and 1/4 at
vwap
[11:01 am] jsn13 : well done qwert!
thanks….
[11:01 am] qwert : murano which scanner on
lightspeed
[11:02 am] murano : Ticker alert
[11:02 am] qwert : nice do you have it
filtered
[11:03 am] murano : I use two boxes, one for
risers and one for fallers
[11:04 am] qwert : thx
[11:08 am] qwert : murano, i have that scan
on to but sometimes goes to fast trying to
not get so many alerts
[11:09 am] murano : I look for back to back
prints and then check for increase in
volume
[11:11 am] qwert : okay thx
[11:12 am] murano : You will see more back
to back prints if you split it into two
boxes
[11:12 am] qwert : okay will try that
thx
[11:14 am] murano : IVN
[11:19 am] apple : TS is driving me crazy.
what is the symbol for the VIX — it’s
not$VIX
[11:21 am] aussie123 : Apple I use the
VXX
[11:24 am] apple : sounds good, thx
aussie
[11:32 am] garyb : or UVXY apple if you want
to make it more exciting! lol
[11:37 am] garyb : You might need to pay for
the DATA feed Apple….the symbol in
Tradestation is $VIX.X
[11:41 am] apple : we are in a bad storm,
and i am losing connection here. thx MK, E
and everyone. all have a great weekend.
[11:41 am] Ed : c ya apple
[11:41 am] qwert : bye apple have a great
weekend
[11:45 am] garyb : Bye apple!
[11:45 am] qwert : Ed have you traded ihs
[11:46 am] Ed : yes not looking for much
[11:47 am] qwert : yeah spy not helping
[11:47 am] Ed : exactly
[11:53 am] Ed : the long had more money on
IHS, jason was supposed to be wathching for
us on breakout
[11:59 am] qwert : there goes ihs 🙂
[12:00 pm] Ed : finally got the drop
[12:05 pm] Ed : too funny last 1/4 is for the
impatient
[12:06 pm] skydiver : thnx Ed for IHS –
jumnped on at 107.33 – went against me for a
bit, but came down — thnx 🙂 out Short
[12:07 pm] Ed : nice trading sky
[12:07 pm] skydiver : was sweating it a bit
— a bit 🙂
[12:07 pm] jsn13 : haha i missed it
either….got tricked and lost some money on
short b4 it broke out….
[12:08 pm] Ed : u can change ur pants to sky,
been there b4. LOL
[12:08 pm] skydiver : ha ha Ed 🙂
[12:08 pm] skydiver : yeah – wiping my brow
too!!
[12:08 pm] Ed : lol
[12:09 pm] jsn13 : but overall today was a
good day for me…..had 7 trades….4
winners, 3 losers(2 tiny losers)…..best day
of the week….
[12:11 pm] Ed : nice going jason, just have
to work on being more consistent and getting
that win % up
[12:11 pm] Ed : its like gold, always working
on the game
[12:11 pm] Ed : gold=golf
[12:11 pm] jsn13 : thanks ed….reduce my
number of trades and had better result….
[12:12 pm] Ed : only told you like
1…………………..times lol
[12:13 pm] eyes %: hy guys and gals
[12:13 pm] jsn13 : now that i learned more,
the turning points for both reversals and
breakouts look more obvious…..
[12:13 pm] Ed : hey eyes
[12:13 pm] Ed : just never anticipate
[12:14 pm] jsn13 : yup…check all the
compoenents that u taught me and see if i
have the edge….
[12:14 pm] Ed : thx for ur pressence eyes
[12:14 pm] skydiver : hey eyes
[12:14 pm] Ed : and the room clapped bcuz
eyes is here
[12:15 pm] jsn13 : juz focus on very high
probability trades…
[12:15 pm] Ed : right
[12:18 pm] Ed : this is what I said 3 years
ago
[12:18 pm] Ed : and now
[12:19 pm] Ed : I think Im having too much
fun
[12:22 pm] victor51 : Jason, Nicely day. i
came late and just took some good trades and
some mediocare
[12:25 pm] jsn13 : Ed, may i knwo where u
entered IHS short?learning to see how u
evaluate shorts thta broke new high….
[12:27 pm] jsn13 : from what i learned from
u, i might take it short 2.34 bar…then i
would have 3 signals….to confirm the
top….
[12:27 pm] Ed : 2:33est, normally I do not
short new 52w, highs, this one was barely new
52w high, so was small on size
[12:29 pm] Ed : as long as ur getting topping
action u have a chane at getting entry does
not have to be same as mine
[12:31 pm] Ed : good entry
[12:36 pm] victor51 : Ed what do you
contribute to your perfect short entry st
2:33
[12:37 pm] jsn13 : ok i see…did not take
it short…cos i think the profit potenital
is not as big as i want….thanks for the
eplanation…
[12:38 pm] Ed : would not call it perfect
entry
[12:38 pm] jsn13 : but i like ur entry ed, u
had good price entering at that bar….
[12:39 pm] jsn13 : greatly improve ur risk
to reward ratio…
[12:39 pm] Ed : but as far as my entries it
has to do with me seeing the action, and if I
see setup, I take a position withought any
hesistation
[12:40 pm] Ed : So, more than anything that
is my key, no thinking, just acting when I
see patterns
[12:41 pm] jsn13 : so the left brain is not
allowed to work?
[12:41 pm] Ed : And when I am wrong, Im wrong
small, I dont sit and hope, if it feels like
its going against me, Im out
[12:42 pm] Ed : Right brain helps in keeping
with structure of my strategy, plan
[12:42 pm] victor51 : Ed, But how did you
know that higher high at 11:32 was the last
one
[12:43 pm] Ed : but right by allowing left
brain to take over with visuals of charts and
what I see cuts down on time for say person
on opposite side of trade who has to think
about the trade
[12:43 pm] Ed : I dont know
[12:43 pm] Ed : Thats where placing stop,
puttin on trade comes in,
[12:45 pm] Ed : Its just fact that I have
seen this chart also 1000;s of times, this
one in particular is topping action, so I
look for clues, How is stock positioned on
daily, how is price moving, is it moving
with without vol.
[12:46 pm] Ed : I wish I could tell u if a
trade would work, but I trade in
probabilites
[12:47 pm] Ed : I would not have had 3
lossers today of my 14 trades
[12:47 pm] skydiver : excellent lesson Ed
🙂
[12:48 pm] go4it : Thank you Ed
[12:49 pm] Ed : See as an example my 3 trades
I lost on avg $71. So, I know if I stick with
trading plan, take all opportunities that
show up, my winners will more than make up
for my lossers
[12:51 pm] Ed : Also, when I go into a trade
wherever my stop is say its a .30 stop and Im
trading 1k shares, Im thinking this trade is
costing me $300 to find out if it will work
out. I enter the trade and manage it based on
what market is offering
[12:51 pm] skydiver : I like your thinking
Ed . . . need to work on that 🙂
[12:52 pm] victor51 : hanks ED. Pricing Vs
volume is very tricky.
[12:52 pm] Ed : So, if I get stopped, no
biggie, it cost me $300 to find out. Now at
night I will see how can I improve on that as
well as my winners
[12:53 pm] qwert : good bye everyone have a
great weekend cya all monday morning, thx
for all the great calls this week
[12:53 pm] Ed : It is Victor, thats why when
u see for example trades we take or talk
about go back and study and see how those
patterns look. Study them as much as you can,
ie toppy action, reversals, breakouts,etc
[12:53 pm] Ed : see ya qwert
[12:54 pm] skydiver : bye qwert – have a
great week-end
[12:55 pm] Ed : now that 2nd opportuinty, I
missed on IHS see how it setup for 2nd short
u got that lower high
[12:56 pm] Ed : And it offered lot more than
the 1st short,1st one was little tougher, but
not 2nd one
[12:58 pm] Ed : wish we had more time IHS
nice setup for potential long
[12:58 pm] Ed : no time though
[12:58 pm] Ed : only 2min left
[01:00 pm] jsn13 : thanks ed for the lesson
and bye guys….have a great weekend….
[01:00 pm] Ed : see Victor,others thats what
u study, alll these charts
[01:00 pm] victor51 : Ed, I will study with
a use of magnifying glass for today’s
trades
[01:00 pm] Ed : lol
[01:00 pm] skydiver : thnx Ed – more
studying time this week-end on charts 🙂
See you all Monday
[01:01 pm] Ed : c ya sky
[01:03 pm] victor51 : Thanks Ed for great
learnings and lot more to come. Good night
everyone.
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