[06:27 am] Ed : good morning traders
[06:33 am] Mitch K: watching NTAP for top to
short
[06:33 am] Mitch K: watching CELG but might
be strong for awhile
[06:33 am] Mitch K: watching DISCA for top to
short
[06:33 am] Mitch K: watching DV for short
[06:34 am] Mitch K: watching CBST for bottom
to buy
[06:34 am] Mitch K: monitoring HOLX drop
[06:34 am] Mitch K: watching CTSH for top to
short
[06:35 am] Mitch K: watching EXPD for bottom
to buy
[06:35 am] Mitch K: SUPN prob low float
[06:35 am] Mitch K: worth a short, start
small
[06:35 am] Mitch K: Supernus Pharmaceuticals
= SUPN
[06:35 am] Mitch K: bullshort candidate
SUPN
[06:37 am] Mitch K: watching ag-chemical
stocks: MOS, AGU, IPI, POT
[06:37 am] Mitch K: watching CSTR for top to
short,
[06:38 am] Mitch K: WATCHING safm FOR
BOTTOM
[06:38 am] Mitch K: WATCHING rbn FOR BOTTOM
TO BUY
[06:39 am] Mitch K: watching FHN for possible
short, careful with this but worth
watching
[06:40 am] Mitch K: monitoring HZNP for top;
take time, trended all day monday
[06:41 am] Mitch K: watching FUL for top to
short
[06:42 am] Mitch K: watching APOL for top,
taking time
[06:42 am] Mitch K: watching VCLK for bottom
to buy
[06:43 am] Mitch K: watching AGU closer for
top
[06:43 am] Mitch K: watching YOKU for top to
short
[06:45 am] Mitch K: watching AAP closer,
Advanced auto parts for bottom
[06:45 am] Mitch K: MELI toppy
[06:46 am] Mitch K: watching SOHU for bototm
to buy
[06:47 am] Mitch K: copnsider selling RBN
long
[06:47 am] Mitch K: watching LH for top to
short
[06:48 am] Mitch K: watching ROSG for quick
short, use limit order
[06:49 am] Mitch K: monitoring IVN, take
time
[06:50 am] Mitch K: watching HOG for bottom,
Harley Davidson
[06:52 am] Mitch K: like CSTR
[06:52 am] Mitch K: SPY going down nicely so
your earlier shorts should still be maturing
for a little longer
[06:52 am] Mitch K: watching PBI drop, take
time
[06:52 am] Mitch K: watching MEOH for
bottom
[06:52 am] Mitch K: watching HAS for bottom,
taie time
[06:53 am] Mitch K: starting to watch SODA
drop, watching for bottom
[06:56 am] Mitch K: monitoring AKRX for
top
[06:57 am] Mitch K: watching FUL for top soon
to short
[06:59 am] Mitch K: consider selling CBST
long
[06:59 am] Mitch K: watching TPX for bottom
to buy
[07:01 am] Mitch K: monitoring MON for
bottom, going to be awhile
[07:02 am] Mitch K: SUPN really moving,
dangerous in either direction. FLoat is 5.17
mil shares, very volatile
[07:04 am] Mitch K: monitoring DOV
[07:06 am] Mitch K: more downside on LH
[07:07 am] Mitch K: you need to study
bullshorts first
[07:07 am] Mitch K: the way to handle these
bullshort stocks like SUPN is you want to see
a spectacular rise quickly at the end and a
sharp pullback, then you start shorting on a
rebound after that, small increments
[07:08 am] Mitch K: looking for 64.50 area on
AAP long, be flexible
[07:08 am] Mitch K: watching MELI for 2nd
helping short
[07:09 am] Mitch K: consider covering LH
short soon
[07:09 am] Mitch K: to short
[07:09 am] Mitch K: watching JIVE for top
[07:10 am] Mitch K: AAP fizzling out a little
here, careful with your long
[07:11 am] Mitch K: SPY turning over
[07:11 am] Mitch K: JIVE toppy
[07:12 am] Mitch K: watching ARNA for bottom
to buy
[07:13 am] Mitch K: ARNA trying to bottom
[07:14 am] Mitch K: looking to cover AKRX
gradually soon
[07:16 am] Mitch K: watching ELN for top to
short
[07:16 am] Mitch K: consider selling MEOH
long, try 26.25+
[07:17 am] Mitch K: consider covering CSTR
shorrt gradually
[07:17 am] Mitch K: watching GMCR for bottom,
take your time
[07:18 am] Mitch K: starting to watch MON
closer for bottom to buy, no hurry
[07:19 am] Mitch K: watching ROK for bottom
to buy
[07:20 am] Mitch K: watching FINL for
bottom
[07:21 am] Mitch K: consider reducing AKRX
short gradually
[07:21 am] Mitch K: hope you did well on HOG,
could bounce again
[07:22 am] Mitch K: ARNA trying to bottom
here
[07:25 am] Mitch K: SUPN getting steep on
chart
[07:26 am] Mitch K: MON trying to bounce
[07:26 am] Mitch K: now when you see the
first big drop on this today, you can try to
buy that bottom with small position, but this
has come up from under $6 to 14.50 today so
it could drop easily 3-4 points so be
careful
[07:27 am] Mitch K: consider covering CSTR
short
[07:28 am] Mitch K: getting signals to buy
MON
[07:29 am] Mitch K: ARNA long still strong
[07:30 am] Mitch K: monitoring GBCI, just
watching
[07:30 am] Ed : SPY testing lod
[07:31 am] Mitch K: MON fizzled so far,
weak
[07:32 am] Mitch K: lower low on MON, trade
failure on MON long
[07:32 am] Mitch K: consider selling AAP
long
[07:32 am] Mitch K: consider covering LH
short
[07:33 am] Mitch K: looking for 20.50 area on
JIVE short, be flexible
[07:34 am] Mitch K: watch for first bottom,
worth a small long, esp if it drops under
12
[07:34 am] Mitch K: anyone find shares to
short of SUPN
[07:34 am] Mitch K: SUPN turning over
[07:34 am] Mitch K: SUPN turning over
[07:35 am] Ed : not buy recomendation just
mentioning
[07:35 am] Ed : AMZN strong againgst
market
[07:39 am] Mitch K: watching ASML for
bottom
[07:42 am] Ed : watching NTGR for short
[07:43 am] Ed : actually passing not enough
money here on NTGR
[07:51 am] Mitch K: watching JOY for
bottom
[08:08 am] Ed : SPY new lod
[08:09 am] Ed : Merkel from Germany says,
“there will be no shared debt”
[08:10 am] Ed : more selling in markets
[08:42 am] Mitch K: monitoring MCK for top
[08:50 am] Ed : nice bounce in SPY
[08:56 am] Mitch K: watching ASML again for
short
[08:58 am] Mitch K: watching PSA
[09:32 am] Ed : getting bounce in SPY
[09:43 am] Ed : SPY trading near
resistance
[09:46 am] Ed : SPY new hod
[09:47 am] Mitch K: watching WHR
[10:08 am] Ed : Great to study that pattern
bewteen arrows Topping action. Would not
short it but its caution if ur long
[10:14 am] Ed : SPY pulling back
[10:39 am] Ed : nice bounce in SPY
[10:42 am] Mitch K: monitoring FMX
[10:51 am] Mitch K: FMX getting toppy
[10:57 am] Mitch K: monitoring NTGR for
bottom
[11:05 am] Mitch K: watching OPEN
[11:08 am] Mitch K: OPEN getting toppy
[11:09 am] Ed : SPY new hod
[11:10 am] Mitch K: watching END
[11:13 am] Mitch K: watching FIRE
[11:32 am] Ed : pullback in SPY
[11:50 am] Mitch K: monitoring HRG
[12:12 pm] Ed : Advanced trade watching ZNGA
for quick bounce long
[12:13 pm] Ed : on ZNGA
[12:13 pm] Ed : be flexible if weeak look for
quick short
[12:21 pm] Ed : reducing ZNGA long plus .05,
dont like action
[12:50 pm] Ed : would cover more BBY short
here
[12:50 pm] Ed : ws not able to post in time
but was able to put chart up
[12:50 pm] Ed : if were able to short BBY
would cover
[12:52 pm] Ed : looking for 19.59 final 1/4
short BBY
[12:53 pm] Mitch K: SUPN toppy
[12:55 pm] Mitch K: good job Eddy money
[12:55 pm] Ed : out all BBY short
[01:00 pm] Mitch K: good trading day
everyone, have a great evening
[01:02 pm] Ed : have great evening tradrs
|
[06:14 am] garyb : dojiiiiiii!
[06:14 am] apple : gm mike
[06:15 am] garyb : Hi Apple
[06:15 am] apple : gm khall, how was the
bday vacation
[06:15 am] apple : gm sakii
[06:15 am] apple : gm lisa
[06:15 am] khall : apple! Vacation was such
a blast, but I really missed you guys and
trading!
[06:16 am] qwert : Good morning everybody
[06:16 am] joeytsa : gap up:
SUPN,NWSA,APOL,NWS,STRA
[06:16 am] joeytsa : gap down:
CSTR,TSLA,CTSH
[06:16 am] cdougan : morning Apple!
[06:17 am] qwert : thx joey
[06:17 am] apple : gm qwert
[06:18 am] lisas : Hey apple!
[06:18 am] qwert : gm Apple 🙂
[06:18 am] apple : thx joey
[06:18 am] qwert : apol
[06:19 am] qwert : sorry wrong screen
[06:19 am] skydiver : gm all
[06:20 am] eddy : hi doji for yr FB
comment.cool:)
[06:20 am] eddy : thx i meant doji
[06:21 am] eddy : hi apple hi all
[06:21 am] doji : You’re welcome Edd… I
have tow little ones also
[06:22 am] apple : gm sky
[06:22 am] eddy : they will be grown ups in
no time
[06:22 am] apple : doji how old are they?
[06:23 am] doji : 10 and 8 apple
[06:23 am] doji : They growth so fast…
fatser than my wrinkles….
[06:23 am] apple : robert is also 10
[06:23 am] apple : haha
[06:23 am] skydiver : gm apple
[06:23 am] apple : i want to teach him to
trade this summer
[06:24 am] qwert : dv
[06:24 am] qwert : wrong screen need
coffee 🙂
[06:24 am] lisas : coffee is good
[06:26 am] apple : coffee later, work now
[06:26 am] eddy : SUPN still gaining
[06:27 am] mikewd2 -: or just trade some
GMCR, SBUX for coffee fix
[06:28 am] doji : Hi Ed1
[06:28 am] apple : gm E
[06:28 am] lisas : gm Ed
[06:28 am] apple : haha mike
[06:28 am] skydiver : gm Ed
[06:28 am] apple : doji you are too funny –
we missed you
[06:28 am] lisas : funny Mike, trading those
stocks make me want a fresh cup
[06:29 am] doji : ES moving
[06:31 am] mikewd2 -: SUPN flyng
[06:32 am] eddy : all out supn long
[06:32 am] doji : Wow SUPN
[06:33 am] doji : Did you go long from
pre-market eddy?
[06:33 am] eddy : no on opening
[06:34 am] apple : good job eddy
[06:34 am] eddy : thx
[06:35 am] apple : thx MK, gm
[06:35 am] doji : Big spread in SUPN, be
carefull
[06:35 am] doji : and low float
[06:35 am] apple : thx doji
[06:37 am] mikewd2 -: CSTR breakingout
[06:38 am] doji : News in the market?
[06:40 am] eddy : RIMM
[06:41 am] doji : Watching RIMM
[06:41 am] doji : APOL sorry
[06:42 am] doji : FHN was dowbgraded by
BAC
[06:43 am] doji : LNKD
[06:44 am] mikewd2 -: MOS consolidating
[06:45 am] doji : APOL very strong
[06:45 am] doji : FHN S
[06:46 am] joeytsa : yeah doji
[06:46 am] doji : 8.23
[06:46 am] joeytsa : MDVN nice pullback on
early spike
[06:46 am] doji : watching FSLR
[06:47 am] doji : APOL, HLF, LMKD strong
stocks today
[06:47 am] joeytsa : see if LNKD can break
above $105
[06:47 am] joeytsa : BIDU trying to hold
$111
[06:48 am] doji : APOL breakout
[06:49 am] apple : thx doji, doji
[06:49 am] doji : APOL R=35.87 pre-market
[06:49 am] doji : NFLX dropping
[06:50 am] doji : LH
[06:51 am] eddy : NWSA
[06:51 am] doji : Moving my stop on LH to
be
[06:51 am] eddy : NWSA
[06:51 am] eddy : test
[06:53 am] skydiver : 3/4 covered on CRM S
135.78 – 134.39
[06:53 am] doji : Watching WFT
[06:53 am] joeytsa : real nice sky !!!
[06:53 am] skydiver : 🙂
[06:54 am] skydiver : funny – I went short
on HLF accidently – went against me – but
finally came down — made small profit –
whew
[06:54 am] mikewd2 -: watching DV for another
short
[06:54 am] joeytsa : sometimes it better to
be lucky than good 🙂
[06:55 am] skydiver : that was pure luck
[06:55 am] joeytsa : nah, it was intuition
🙂
[06:55 am] doji : Pure Luck…. hahaha
[06:55 am] doji : nahh intuition….
[06:55 am] joeytsa : next level pattern
recognition 🙂
[06:56 am] doji : intuition… SPY will drop
further
[06:56 am] doji : ?
[06:56 am] joeytsa : MDVN pulled all the way
back
[06:56 am] doji : still holding LH short
[06:58 am] skydiver : lol – joey and doji
!!! 🙂
[06:58 am] doji : APOL consolidating… it’s
up almost 10% although
[06:58 am] doji : APOl is making my day
[06:58 am] doji : TPX
[06:59 am] skydiver : nice doji 🙂
[07:00 am] apple : good job doji
[07:00 am] doji : all out APOL
[07:00 am] doji : Thanks Apple
[07:00 am] doji : right on time….
[07:01 am] mikewd2 -: consumer confidence
62.0 jun verus 64.4 may
[07:01 am] doji : yes
[07:01 am] doji : US Home Prices up 1.3%
[07:02 am] eddy : SUPN going bananas
[07:02 am] joeytsa : richmond manufactuing
index came in at -3 , with 5 forecast, 4
previous
[07:02 am] doji : Now SPY reversing…
[07:03 am] skydiver : no shorts with
Lightspeed on SUPN
[07:03 am] mikewd2 -: nor TS
[07:03 am] joeytsa : where do you see that
on TS mike?
[07:03 am] mikewd2 -: tried to hor
[07:03 am] mikewd2 -: shor
[07:03 am] mikewd2 -: short
[07:04 am] joeytsa : oh ok, i need to sign
up for the market depth, might show it
there
[07:04 am] mikewd2 -: i think the TS website
shows the easy to borrow
[07:04 am] apple : mike are you having a
hard time?
[07:05 am] joeytsa : i will check it ot,
this is a learning week for me anyways
[07:05 am] mikewd2 -: yeah
[07:05 am] Ed : TS client center will show
it
[07:05 am] joeytsa : thx Ed, makessense to
sign up for market depth though huh
[07:06 am] doji : APOL short
[07:06 am] mikewd2 -: stopped on DV second
short
[07:07 am] skydiver : CRM – may setup for
another S
[07:08 am] skydiver : GLUU – take over
chatter – low priced stock however
[07:11 am] doji : Second short help TPX
[07:11 am] doji : it needs to break 20 or I
am out
[07:11 am] cdougan : ARNA approaching
9.00
[07:12 am] Ed : be careful this is the 4th
attempt at 9 on downside
[07:12 am] joeytsa : 20 or 21 doji?
[07:12 am] gumroadboy : need some JIVE in
everyones life
[07:12 am] cdougan : yep thanks ED
[07:12 am] doji : 21 Joey. fatfinger
[07:12 am] joeytsa : just checking
[07:13 am] apple : lol
[07:13 am] doji : hahaha, my alert is at
20…
[07:13 am] doji : as support
[07:16 am] doji : GMCR
[07:16 am] Ed : see 9 held the other 3x, so u
did not want to cheat and buy at 9 think it
would hold again on 4th time
[07:16 am] doji : Yes GRMCR
[07:17 am] cdougan : yeah. Or it could just
sell off 2 dollars like it did the other
day.
[07:17 am] doji : I am short GMCR… tight
stop….
[07:18 am] doji : come on TPX, you can drop
below 21… make me happy
[07:18 am] joeytsa : ES trying to hold some
support
[07:19 am] skydiver : covered CRM S 136.21 –
134.99
[07:19 am] Ed : being flexible, cdougan can
provide nice quick short also on 3/4th
attempts, vice versa for longs
[07:19 am] joeytsa : you are killing CRM sky
!!
[07:19 am] skydiver : 🙂
[07:19 am] skydiver : CRM has made mhy
day
[07:19 am] doji : Nice GMCR…
[07:20 am] skydiver : eddy are you still in
SUPN by chance?
[07:20 am] joeytsa : all you need is 1 good
trade
[07:20 am] skydiver : right on joey
[07:20 am] cdougan : totally. Holding 9 was
pretty important. Thanks for looking out Ed.
Much appreaciated.
[07:20 am] Ed : or 1.5
[07:20 am] skydiver : lol Ed 🙂
[07:20 am] joeytsa : 🙂
[07:21 am] skydiver : learning candlesticks
better is helping my trades I think 🙂
[07:21 am] joeytsa : good
[07:21 am] joeytsa : esp when yuo put them
in conjunction with s/r
[07:22 am] skydiver : yes on that joey –
still learning — 🙂
[07:22 am] apple : good for you sky
[07:22 am] Ed : it helps with the light in
the darkness
[07:22 am] doji : ARNA revsersing
[07:22 am] skydiver : yeah Ed – big
flashlight is good
[07:23 am] joeytsa : doji: that $21 on TPX
is pretty strong
[07:23 am] joeytsa : if it fails, you might
get a nice flush
[07:24 am] doji : Yes, already took profits
on the 2 short attempts
[07:25 am] doji : It’s forming a doji on the
daily… 50-50 chances
[07:26 am] joeytsa : gotya
[07:26 am] apple : i thnk MK is
salivating…
[07:26 am] doji : SUPN 150% up already
[07:28 am] joeytsa : its been a beauty
[07:29 am] joeytsa : GS trying tohold $91
[07:30 am] joeytsa : crude testing $79
support
[07:31 am] doji : SPY negative for the
day
[07:32 am] scalpman : ELN S @ 14.55 and out
1/2 115
[07:32 am] scalpman : 1%
[07:33 am] doji : HLF strong, holding 47.4
for almost 1 hour
[07:33 am] apple : SUPN turning over
[07:34 am] doji : droppe $1 in less than a
minute
[07:34 am] mikewd2 -: nope at TS
[07:34 am] scalpman : All on the rebound
ELN
[07:35 am] lisas : dang, bought 1000 shares
Ed
[07:35 am] apple : i only bought 1
[07:35 am] scalpman : No shorts for SUPN at
TD
[07:35 am] Ed : double down next time LOL
[07:35 am] scalpman : TS
[07:36 am] lisas : for sure
[07:36 am] apple : haha
[07:37 am] doji : ARNA at 9
[07:37 am] apple : FSLR lod
[07:40 am] apple : PPO
[07:41 am] qwert : arna goin for vwap 🙂
[07:41 am] doji : HLF finally breaking
down
[07:43 am] apple : thx E
[07:44 am] apple : doji LEN up today
[07:48 am] scalpman : NTGR S @ 33.22
[07:48 am] doji : Back, mi IExporer just
close without any warining
[07:49 am] eyes : are you likeing TS Joey
[07:50 am] scalpman : OUt 1/2 NTGR S
[07:51 am] apple : hey eyes
[07:53 am] eyes : hy Apple
[07:53 am] scalpman : Brooks calls the green
bar at 10:44 “out of trend”. It is an
exhaustion of the sellers…as it fizzled I
entered.
[07:53 am] scalpman : …of the buyers…
[07:54 am] doji : Oil stocks being
hammered…
[07:55 am] eddy : SPUN eeady for long
now?
[07:55 am] scalpman : Out another 1/4
NTGR
[07:56 am] scalpman : NTGT stop in the green
@ 33.20
[07:56 am] joeytsa : hey eyes, just got
back..yeah, still needs a bit of tinkering
[07:56 am] eddy : well obviously not
[07:57 am] scalpman : NTGR…
[07:57 am] Ed : needs more selling eddy
[07:57 am] eddy : ya
[07:57 am] eddy : maybe at vwap Ed?
[07:58 am] Ed : for me, I would like more
selling into 10ish area
[07:58 am] eddy : ok
[07:59 am] Ed : has some consolidation right
under 10 so would like to see that area
hold
[07:59 am] doji : FSLR round bottom
[07:59 am] scalpman : Trailing stop down on
NTGR
[08:00 am] Ed : nice trade scalp
[08:00 am] scalpman : All out NTGR…..good
one ed.
[08:01 am] scalpman : Thanks
[08:03 am] Ed : that .10 move up made
difference on that NTGR short
[08:05 am] scalpman : Ed…the
difference???
[08:05 am] skydiver : Take care all — today
was a good day 🙂 see you all in the
morning
[08:05 am] scalpman : Bye Sky
[08:05 am] cdougan : c ya sky
[08:05 am] joeytsa : bye sky
[08:05 am] apple : bye sky have fun
[08:05 am] skydiver : 🙂
[08:06 am] Ed : it was not enough money at
10:42 although gave signal at 10:41 so the
move up gave better opp
[08:06 am] doji : Ouchhh SPY
[08:06 am] scalpman : Yes….exactly
[08:06 am] doji : News?
[08:07 am] lisas : bonds taking off
[08:07 am] apple : ES dropping
[08:07 am] Ed : nice spike
[08:08 am] Ed : Im sure it was short squeeze
on bond side also
[08:08 am] doji : Big red candle in the
SPY
[08:08 am] apple : same in ES
[08:09 am] doji : Did the flash crash took
place with short squeese in bonds?
[08:09 am] doji : Bad news for Europe from
Merkel
[08:11 am] doji : Test
[08:11 am] apple : see you doji
[08:11 am] joeytsa : i dont see you doji,
where did you go?
[08:11 am] Ed : I see ya +
[08:11 am] doji : SP see odds for double US
double dip at 20%
[08:11 am] joeytsa : just messin with ya
haha
[08:11 am] joeytsa : we are already in a
double dip
[08:11 am] doji : Have some one seen
Joey?
[08:11 am] lisas : so why are the markets
surprised?
[08:11 am] joeytsa : 🙂
[08:12 am] joeytsa : maybe because people
keep hearing on the news that the economy is
getting better
[08:12 am] Ed : I know some large hedge funds
started puttin some shorts on in bonds heavy
last few days
[08:13 am] Ed : woman in FB
[08:14 am] lisas : ?
[08:15 am] joeytsa : i have a lot of women
on my fb 🙂
[08:15 am] qwert : hahaha
[08:15 am] joeytsa : i guess my economy is
“up”
[08:15 am] apple : lol
[08:15 am] scalpman : new low JOY on
daily
[08:17 am] doji : hummmm. watch out, Lisas
is Here….
[08:17 am] apple : lol
[08:17 am] eddy : going to my ultimte
frisbee training .be back in couple of hours
to catch SPUN at 10:)make money guys
[08:18 am] joeytsa : its ok doji, lisa is on
my list haha
[08:18 am] apple : bye eddy have fun
[08:18 am] Ed : hey eddy, took my eyes off of
SUPN, it consolidated right above vwap and
took off, can study it. I still like the
10ish area
[08:19 am] qwert : training for ultimate
frisbee is that an olympic sport now 🙂
[08:21 am] apple : lol, good for him
[08:22 am] apple : nice on AAP
[08:22 am] doji : hahahaha
[08:22 am] qwert : im sure its really fun
just teasing
[08:23 am] doji : Hey, has anyone seen
Shark? I left him on a disco in Lima, Peru
last Saturday night well accompanied….
[08:23 am] qwert : hahaha
[08:24 am] joeytsa : 🙂
[08:24 am] apple : funny….
[08:24 am] cdougan : STZ trying to break out
on daily
[08:25 am] Ed : good eye cdougan
[08:26 am] apple : BWLD hod
[08:27 am] Ed : hey lisa did u al have storms
yesterday
[08:27 am] joeytsa : doji: shark is in
peru
[08:28 am] lisas : yes we did, but not as
bad as yours
[08:28 am] scalpman : Out b.e. on JOY
L…looks weak SPY rebound did help.
[08:28 am] joeytsa : he had just sent me an
email
[08:28 am] doji : I now but his girlfriend
is looking for him…hahaha
[08:28 am] joeytsa : haha
[08:28 am] Ed : nice scalp if does not feel
right no sense in staying around
[08:28 am] scalpman : yes…
[08:28 am] doji : Ed is next in line for a
trip to Rio
[08:29 am] doji : Ed, just make sure you
know your way back home
[08:29 am] Ed : 3 lefts
[08:29 am] scalpman : JOY turning down
more…
[08:29 am] apple : haha
[08:31 am] doji : I’ll post a picture of
Sharky and I in Lima….
[08:31 am] scalpman : Lima OH?
[08:31 am] doji : just in case, the handome
one is me
[08:31 am] apple : with crazy hats on?
[08:31 am] apple : haha scalp – peru
[08:31 am] doji : handsome
[08:31 am] apple : haha
[08:31 am] scalpman : yes I know…
[08:32 am] apple : poor sandusky, OH – they
are feeling some pain right now
[08:32 am] joeytsa : yeah but they have
cedar point
[08:32 am] scalpman : You are all invited to
my house for slides of my recent trip to
Pookipsee.
[08:33 am] lisas : 🙂 scalp
[08:33 am] joeytsa : i spend a month in
poughkeepsie one day
[08:33 am] apple : haha
[08:33 am] scalpman : ha
[08:33 am] scalpman : I better learn to
spell.
[08:33 am] doji : Is that in China?
[08:33 am] joeytsa : the one i was in is in
NY
[08:33 am] doji : hahaha
[08:34 am] joeytsa : d_mp… i’d like to
buy a vowel
[08:34 am] scalpman : look for one more
quality trade this morning…
[08:34 am] apple : a or u
[08:34 am] joeytsa : i think U know haha
[08:35 am] apple : haha
[08:37 am] scalpman : NTAP dropping
[08:41 am] scalpman : CTSH trending up
[08:45 am] scalpman : ED…you enter MCK
with tight stop?
[08:45 am] Ed : did get my price
[08:46 am] Ed : did not rather
[08:47 am] Ed : so I will watch
[08:48 am] scalpman : gap up on MCK
[08:48 am] doji : BREAKING NEWS: Shark is
alive!
[08:48 am] doji : scratched and sored but
alive!
[08:48 am] apple : tg
[08:48 am] qwert : still suffering from
disco fever ?
[08:49 am] jsn13 : ed, was there a breakout
long at 11.41 bar or a short at 11.43 bar?
[08:49 am] doji : I think it was more the
companion… I guess
[08:49 am] qwert : hahaha
[08:50 am] apple : lol
[08:50 am] apple : two wild and crazy guys
in lima
[08:50 am] qwert : hahaha
[08:50 am] khall : I’m getting a visual
[08:51 am] doji : One was crazy; the second
one was crazier….
[08:51 am] qwert : we need pics 🙂
[08:51 am] doji : The one travelling to Rio
along we is the craziest one…. hahaha
[08:51 am] Ed : was lookin more for short due
to resistance levels jason
[08:51 am] doji : Upps here he is
[08:52 am] apple : we already knew that
[08:52 am] scalpman : SPY recouped the big
drop
[08:53 am] jsn13 : thanks ed, i went long
instead…haha wrong direction….so did u
get in short? if got, where is ur entry?
[08:53 am] Ed : no missed my entry
[08:54 am] jsn13 : teh ossible entry is
11.43 bar right?
[08:54 am] jsn13 : *the possible
[08:54 am] Ed : was tring to get good price
on 11:44 bar
[08:55 am] jsn13 : ok got it…is 11.44 bar
a more conservative entry?
[08:56 am] Ed : looks like i would have
stopped for small .03 gain, the 11:47 bar
would have been my clue no traction
[08:56 am] Ed : nope
[08:56 am] scalpman : Enter MCL S @ 92.32 3c
stop
[08:56 am] murano : AMLN
[08:57 am] qwert : monitoring amln
[08:57 am] jsn13 : oked, so it’s ok to
enter at 11.43 bar at the open of 2nd red
bar?
[08:58 am] jsn13 : *ok ed
[08:58 am] Ed : 11:44 is 1st red bar on my
charts
[08:58 am] scalpman : MCK
[08:58 am] scalpman : …not MCL
[08:59 am] scalpman : sorry for typos
[09:00 am] jsn13 : ok means u would enter b4
the 1st red bar closes? what was ur
signal?
[09:01 am] Ed : my signal bar is always prev.
bar after my entry on 1min
[09:02 am] jsn13 : ed, im getting confude on
the bar….can u show me on the chart?
[09:02 am] Ed : unless I play ahead on trade
which is rare
[09:02 am] Ed : which signal or entry
[09:02 am] jsn13 : *confused…can u show it
on the chart? entry…
[09:03 am] Ed : this would be where I want to
enter, did not get it though
[09:03 am] jsn13 : I mean for STZ
actually…
[09:03 am] apple : now i’m confused
[09:03 am] Ed : i was speaking of MCK
[09:03 am] Ed : me 2
[09:04 am] jsn13 : sorry i did not mentioned
STZ in my post…..
[09:05 am] jsn13 : ed, so for STZ, was there
a breakout long at 11.41 bar or a short at
11.43 bar?
[09:05 am] apple : that’s what i thought
[09:05 am] jsn13 : sorry guys….
[09:06 am] Ed : long is preference on that
since its breakn out on daily and 15min
[09:06 am] scalpman : OUt small gain on
MCK…
[09:07 am] scalpman : b.e.
[09:07 am] jsn13 : i went long at 11.42 bar
and got stop the next bar….slight
loss….should i have short once the breakout
failed?
[09:08 am] Ed : nice long would be after the
consolidation about 11:15 and gave another
opp after11:22, other than that would have
been waiting for pullback and pullback to
hold those areas of the breakout
[09:08 am] scalpman : Done for the
day….4/5 with a couple of b.e.s
[09:08 am] apple : good job scalp
[09:08 am] scalpman : thanks apple.
[09:08 am] Ed : nice going scalp green is
good
[09:08 am] scalpman : six green days now in
a row…
[09:08 am] scalpman : hooray
[09:09 am] Ed : this is for u scalp
[09:09 am] apple : great jpb om fact
[09:09 am] apple : great job in fact
[09:09 am] cdougan : nice job scalp
[09:09 am] scalpman : ha…..I got the gong
(in celebration)!
[09:09 am] jsn13 : ok thanks ed….got
it….obviously i didn’t have an edge
there…..
[09:10 am] scalpman : Thanks guys for the
positive support. Thanks mitch and ed for
always excellent picks to watch….
[09:10 am] scalpman : See you
tomorrow…can’t wait.
[09:10 am] jsn13 : good job scalp…..see
ya….
[09:10 am] Ed : c ya scalp
[09:10 am] scalpman : Bye guys. Scalpman has
left the building!
[09:10 am] Ed : good observation jason
[09:13 am] jsn13 : seems like at that point
STZ was already losing steam and I should
have closed it once the 11.42 bar
closed….
[09:14 am] Ed : 15 min chart of STZ, will
show breakout
[09:14 am] apple : nice
[09:14 am] jsn13 : yup saw it….was looking
for continuation…thats y i went long…
[09:15 am] Ed : some will take it long but I
prefer the pullback, letting price come to
me, if it does not, oh well I miss it
[09:16 am] jsn13 : so where is ur preferred
price and stop?
[09:17 am] Ed : for me those were 2 optimal
buys for breakout
[09:17 am] Ed : the blue horizontal line
[09:18 am] jsn13 : ok so u wont tkae long at
22.50 level right? is it bcos of the
potential resistance zone from 22.50 to
23.00?
[09:18 am] Ed : if I got 1st b/o I would
place stop below the consolidation
[09:19 am] Ed : for me when I see chart, at
22.50 Im seeing that I would be buying almost
1.5% where entry was optimal, so no go for
me
[09:20 am] victor51 : BWLD short is workin.
Crossed 50 mva and moving down
[09:20 am] jsn13 : ok thanks…ok got ur
point….price is too high…
[09:20 am] Ed : unless we got consolidaiton
at the highs and got resumption
[09:20 am] jsn13 : got it…thanks ed for
the good explanation….
[09:21 am] Ed : now u also have ur ranges of
stock and best to not trade inside of it,
scslperd can but still have to be nimble
[09:22 am] Ed : ranges can be depicted from
the blue horizontal lines
[09:22 am] apple : is that scalpers
[09:22 am] Ed : them too LOL
[09:22 am] apple : haha
[09:22 am] jsn13 : no worry thats not my
style…i like the simple ones…yup got
it…
[09:22 am] Ed : yes scslperd=scalpers
[09:23 am] victor51 : Mkt is really slow. Do
you think it’s due to Europe meeting on
Wed.?Thursday/ Joey probably will have
answer
[09:23 am] apple : where is joey?
[09:23 am] Ed : joey always knows
[09:23 am] joeytsa : BOO !!!!
[09:23 am] Ed : yes due to those factors,
summer, etc
[09:23 am] apple : you scared me
[09:23 am] joeytsa : plus healthcare
decistion
[09:24 am] Ed : him too
[09:24 am] joeytsa : will definately affect
the market, jobs etc
[09:24 am] joeytsa : companies just wont
hire until they know what its going to cost
them
[09:25 am] joeytsa : thats why i only have
Ed dancing for me on an hourly basis 🙂
[09:25 am] Ed : lol
[09:26 am] apple : and he’s quite good,
too
[09:27 am] Ed : i will start to demand more
$$$
[09:27 am] doji : He dances on Saturday
nights also
[09:28 am] apple : ahhh, yes…
[09:29 am] cdougan : LEN approaching hod
[09:36 am] victor51 : Ed, Thanks for BWLD
[09:36 am] Ed : i think someone else
mentioned that one
[09:37 am] apple : i did
[09:37 am] khall : I think that would be
apple?
[09:37 am] Ed : In coming days look for
breakout in LNKD over 107 with vol
[09:37 am] apple : thx E
[09:38 am] Ed : 107.21
[09:41 am] Ed : also monitor FB
[09:41 am] Ed : in coming days
[09:41 am] cdougan : 33:69?
[09:42 am] Ed : 33.77 with vol
[09:42 am] cdougan : thx ED
[09:44 am] doji : NFLX
[09:48 am] doji : It FB closes above 33
today. most probably will open tomorrow about
33.77
[09:48 am] doji : If
[09:49 am] doji : Waht would be the plan
then?
[09:50 am] Ed : i will evaluate in am
[09:51 am] apple : to be continued…
[09:55 am] qwert : Ed are you short WHR
[09:55 am] Ed : yes
[09:56 am] qwert : whats your entry price
[09:57 am] Ed : 55.91
[09:57 am] qwert : nice
[09:58 am] apple : very good
[09:58 am] lisas : bye all, may be out rest
of week, family in town. Take care all
[09:58 am] qwert : bye lisa
[09:58 am] Ed : c ya lisa
[09:58 am] joeytsa : enjoy lisa
[09:58 am] cdougan : c ya lisa
[09:58 am] lisas : Don’t tell Doji!
[09:59 am] apple : bye lisa, have fun!
[09:59 am] khall : bye lisa
[09:59 am] joeytsa : Ed, do you use the
matrix?
[09:59 am] eyes : Ed what was your sigb
[09:59 am] victor51 : bye Lisa
[10:00 am] eyes : Ed what was your signal on
WHR
[10:00 am] Ed : 12:48 was signal so waited
for bounce back clos to hod
[10:01 am] Ed : i wanted entry at 12:49 but
missed it, so waited for better entry
[10:02 am] Ed : so I entered 12:52
[10:02 am] qwert : have u taken profits
[10:02 am] Ed : yes
[10:03 am] qwert : same here at .69
[10:03 am] Ed : u “Da man”
[10:03 am] qwert : hahaha
[10:08 am] apple : thx E
[10:09 am] Ed : I would not short due to
position stock is in on daily but topping
action appears many times for short setup or
caution on long side
[10:11 am] Ed : thats why would not short,
wants higher on daily
[10:11 am] gumroadboy : any thoughts on a
short- ONXX ?
[10:12 am] Ed : not for me gumroad, would
pass on short on ONXX
[10:13 am] gumroadboy : Thanks Ed.
[10:22 am] victor51 : Ed I was in and out
ONXX in sim. What did you see not to enter
short
[10:25 am] Ed : every signal does not mean
high probability setup, so for short I looked
at daily and saw did not have great edge as
it has been strong and is trading near 52
week high
[10:25 am] Ed : so it let me know I would be
better off looking for good setup on long
side
[10:27 am] cdougan : Znga getting some big
volume
[10:28 am] cdougan : There are doing some
live webcast to investors at 10:30 pst i
think.
[10:29 am] apple : market consolidating
[10:29 am] victor51 : Thanks Ed. i forgot 52
week high
[10:31 am] Ed : no problem
[10:34 am] apple : wow what a drop on
AAPL
[10:45 am] eyes : I did Hot Yoga Yesterday
WOW what a wokout i am aceing everywhere
[10:47 am] apple : that’s the secret then
[10:48 am] Ed : u still in WHR qwert
[10:48 am] qwert : just 1/4
[10:48 am] qwert : you
[10:48 am] apple : nice job
[10:49 am] eyes : have you done that
apple
[10:49 am] qwert : thx apple
[10:49 am] Ed : just got out, way to ride
[10:50 am] qwert : just small position so
easy to stay no dollar signs affecting my
brain 🙂
[10:50 am] murano : GCI
[10:51 am] qwert : are you short FMX ed
[10:54 am] joeytsa : eyes: thats a good
workout huh
[10:54 am] eyes : if you ar eused to it I
realized How big of a stomach I have it
keeped geting in the way
[10:55 am] joeytsa : haha
[10:55 am] qwert : lol
[10:55 am] eyes : My Birthday resolution get
healthyer
[10:55 am] joeytsa : smart plan, let me know
if you need help
[10:56 am] eddy : back so how many dollars
did i miss?:)
[10:56 am] eyes : i will i have PX 90 just
never used it
[10:57 am] joeytsa : doesnt do any good
until you push play
[10:57 am] joeytsa : my wife just got p90x
certified
[10:57 am] Ed : hey qwert, missed it
[10:58 am] eyes : awesome
[10:58 am] qwert : whats that mean joey?
[10:59 am] joeytsa : means she can actually
teach it if she wants
[10:59 am] eyes : S FMX 87.90 any
suggestions
[10:59 am] qwert : wow cool
[11:00 am] joeytsa : i thought about it, but
dont really have time to be a personal
trainer right now
[11:00 am] qwert : I can hear my wife doing
the Jillian Michaels dvd right now 🙂
[11:01 am] joeytsa : Jillian is a machine
[11:01 am] joeytsa : i offer a ton of stuff
at my site, check it out if you havent
[11:01 am] qwert : i do the cardio ones with
her theyre tuff
[11:02 am] qwert : i will
[11:02 am] eyes : try hot yoga you will
sweat a ton
[11:02 am] joeytsa : those are nothing
[11:02 am] joeytsa : i did bikram for 2 yrs
eyes..sweat fest
[11:04 am] joeytsa : crude dancing around
$79
[11:05 am] eyes : how big of a stop would
you have on FMX S 87.90
[11:07 am] murano : DOW
[11:07 am] Ed : I would have stopped just
over hod
[11:07 am] joeytsa : all depends on your
target eyes
[11:08 am] Ed : just how I trade
[11:08 am] Ed : as far as how much room,
agree with joey
[11:09 am] joeytsa : hard to saw, but its
not a stock i would have shorted
[11:11 am] victor51 : eyes, remember FMX is
around 52 week high
[11:11 am] eyes : Ya I am not used to the
labtop i have just the one minute up o
[11:12 am] eyes : well i am done for the day
-48 i messed up
[11:12 am] Ed : lot easier to recover from
that eyes on next trading day
[11:13 am] aussie123 : cl right at the pivot
point
[11:13 am] eyes : see you all good luck
[11:14 am] aussie123 : wow went right thru
iot
[11:14 am] aussie123 : it
[11:15 am] victor51 : Joey, what’s that
site.. You have ton of stuff
[11:16 am] doji : Back… wow the SPY broke
out…
[11:17 am] doji : LNKD, FB want to close at
the hod
[11:20 am] doji : Is FB now worth 38 a
share? or it’s just investors pushig the
price up to unload their positions?
[11:20 am] doji : at 38?
[11:21 am] joeytsa :
http://beachbodycoach.com/joeylifefit[11:21
am] joeytsa : thats for you victor
[11:22 am] joeytsa : old pic though, need to
update it with newer one
[11:22 am] doji : Yeap, after the facelitf
Joey…. hahahah
[11:23 am] joeytsa : haha…more like
weight lift 🙂
[11:25 am] doji : No replies to my
questions? Come on….
[11:25 am] joeytsa : i would think a few
will unload
[11:26 am] doji : Only a few? Do you think
it’s worth way over 38?
[11:27 am] joeytsa : i dont think any stock
is worth anything 🙂
[11:27 am] joeytsa : they are all equally
worthless to me
[11:27 am] joeytsa : just 3 or 4 letters
with 2 prices next to them that i use to pay
the bills
[11:28 am] apple : only way to be —
objective
[11:30 am] doji : Objective/subjective….
everything is relative….
[11:30 am] doji : worth/worthless
[11:32 am] aussie123 : for what it is
worth{not much} there has to be an awful lot
of over head resiistance on FB…….wouldnt
you think???
[11:34 am] victor51 : Thanks Joey. You are
quite accomplished person
[11:35 am] apple : he’s a smart guy, not a
wiseguy
[11:35 am] joeytsa : thanks, i do a few
things pretty good..the rest is a bunch of
crap haha
[11:36 am] joeytsa : now that i have an
iphone i will get some music up on youtube in
the coming months
[11:36 am] apple : lol
[11:36 am] apple : congrats joey
[11:36 am] Ed : All I know is that it has
worked its way up nicely in builidng chart
from lows, and will potentially make some
nice cheese on breakout with vol, 1st stop
36ish area potentially then 38ish.
[11:37 am] Ed : But the worth, I will leave
that to others to figure out, if I had to
place a value I would say .08
[11:38 am] doji : Thanks Ed and Joey for
your input, priceless as usual….
[11:39 am] Ed : FB just has the momentum, but
anyone of us could start something similar
and be compettion for them within a year or
2, nothing proprietory
[11:39 am] joeytsa : 🙂
[11:40 am] Ed : just my take, but I have been
called crazy b4, so listen with caution.
🙂
[11:41 am] joeytsa : haha
[11:49 am] cdougan : VHC
[11:49 am] cdougan : could breakout
[11:49 am] joeytsa : nice spike cdoug
[11:49 am] Ed : good eye cdougan
[12:03 pm] cdougan : I guess Zngas investor
webinar didn’t work out for them.
[12:03 pm] eddy : all out HRG
[12:04 pm] jsn13 : ed, did u enter HRG
long?
[12:04 pm] Ed : yes
[12:04 pm] jsn13 : 2.56 bar? what price?
[12:05 pm] Ed : 6.39
[12:05 pm] jsn13 : inverted hammer as ur
candleestick signal?
[12:05 pm] jsn13 : is the bar that u show ur
signal?
[12:06 pm] jsn13 : ok….
[12:06 pm] qwert : nice ed
[12:06 pm] Ed : yes 2:55est was my signal
[12:06 pm] apple : VERY GOOD
[12:06 pm] jsn13 : btw, did u take GCI or
OPEN juz now?
[12:06 pm] Ed : no
[12:07 pm] jsn13 : no edge?
[12:07 pm] Ed : did not zone in on those
[12:07 pm] Ed : or look at
[12:09 pm] Ed : over 8% move on HRG, surelly
tthats stock of day
[12:09 pm] jsn13 : me either…..dont feel
like I’m in the zone today….traded less and
have 2 decetn winners and 4 tiny
winners….found my mistakes…slightly in
green today….
[12:10 pm] Ed : if ur not 100% best to step
back be it emotionally or physically
[12:10 pm] joeytsa : happens from time to
time jsn
[12:11 pm] jsn13 : yup…no prob…at least
i’m still in green….4th day in a row….
[12:12 pm] joeytsa : great job
[12:12 pm] apple : congrats jsn
[12:12 pm] jsn13 : thanks joey and
apple….
[12:15 pm] victor51 : Mitch, thanks for
HRG
[12:22 pm] jsn13 : ed, where was ur entry
for ZNGA?
[12:22 pm] Ed : 5.69
[12:22 pm] jsn13 : which bar?
[12:23 pm] jsn13 : the doji at 3.14pm?
[12:23 pm] Ed : 3:14est
[12:23 pm] Ed : had no patience for it
[12:23 pm] jsn13 : ok thanks…means u
waited for more confirmation…b4
entering…
[12:23 pm] Ed : yes
[12:24 pm] Ed : still 1%move so no
complaints
[12:24 pm] jsn13 : once u have more sgnals,
u would try to get good prices…yup….
[12:24 pm] Ed : yes
[12:25 pm] jsn13 : and it has tight
spread…so its easier to get fill both in
and out….
[12:25 pm] Ed : never notice, but ur right
[12:26 pm] joeytsa : Egan Jones dg’d
germany’s credit rating
[12:26 pm] jsn13 : ok thanks….thats the
1st thing i pay attention to when i look at
low price stocks….haha…
[12:26 pm] Ed : just kidding
[12:27 pm] qwert : i passed on hrg because
of 6cnt spread
[12:27 pm] apple : here comes the
sell-off
[12:27 pm] Ed : it got tighter though
[12:28 pm] eddy : SUPN Selling off
[12:28 pm] qwert : i was distracted by
family, should have told em to leave me
alone
[12:28 pm] eddy : slowly:)
[12:28 pm] qwert : hahaha
[12:28 pm] jsn13 : me either qwert…but u r
right ed…it gets tighter only when u wanna
exit…
[12:28 pm] Ed : its been slow drip so will
pass on it eddy
[12:28 pm] eddy : k
[12:29 pm] eddy : u still in HRG Ed?
[12:29 pm] Ed : u tend to see spread wide on
big selloff, many are jumpin ship causing the
imbalance
[12:29 pm] Ed : Im out now eddy
[12:29 pm] eddy : i got out too earlt but no
regrets
[12:30 pm] eddy : i took the 3 % better safe
than sorry
[12:30 pm] jsn13 : so ur advice is to use
limit orders? and ur stop is normally more
than 1% then….do u use smaller
positions?
[12:30 pm] Ed : no problem, nice gain
[12:30 pm] cdougan : APOL breaking thu
resistance
[12:31 pm] Ed : speakn of when it was selling
off, the start,
[12:31 pm] jsn13 : ok i see…
[12:32 pm] Ed : good habit thoug to keep
price in context which u did
[12:32 pm] eddy : i watch now .wud not trade
more will protect my gains
[12:33 pm] jsn13 : thats risk management for
me….i need to be sure than when i get
stopped i have minimal slippage…
[12:34 pm] Ed : nice going eddy, someitmes
focusing on money can do that, saying I want
to make xyz, just trade the setups and the
action and the edge, be disciplined in every
step of way and money will take care of
itself
[12:34 pm] apple : amen
[12:35 pm] eddy : yup agreed
[12:36 pm] cdougan : That’s all for me.
Thanks for the great calls and have a great
day all.
[12:36 pm] Ed : c ya cdougan
[12:36 pm] eddy : im off .thank you all for
everything see you tom bye
[12:37 pm] Ed : c ya eddy
[12:37 pm] victor51 : Eddy, Good job. I
holding 1/2 and monitoring closely
[12:37 pm] eddy : wel done ictor gd lucjk
[12:37 pm] eddy : victor
[12:38 pm] joeytsa : Thanks Mitch, Ed,
everyone..see you all in the morning
[12:38 pm] Ed : c ya joey
[12:39 pm] qwert : bye joey
[12:40 pm] khall : bye joey – I’m also out –
have to run the post-vacation errands
[12:41 pm] jsn13 : victor where do u exit ur
1st half on HRG and whats ur strategy for
that?
[12:41 pm] Ed : c ya khall
[12:43 pm] victor51 : Ed, Do you thing
people who shorted HRG will soon start buying
before the end of day?
[12:44 pm] jsn13 : victor do u have facebook
account?
[12:44 pm] Ed : very possible, but how many
of them who knows
[12:45 pm] victor51 : Thanks. It seems most
of them are gone
[12:46 pm] Ed : consolidating for move, to
bad dont have more time could really ride
that last piece
[12:47 pm] victor51 : I am moving up my stop
gradually
[12:52 pm] jsn13 : wow ed, how did u manage
to get it short? where was ur entry and
price?
[12:53 pm] Ed : it was advanced 4sure
[12:53 pm] jsn13 : i can see that..but what
is the strategy?
[12:54 pm] Ed : strictly price action, using
price and vol and time and sales
[12:55 pm] Ed : no time for anything else,
even indicators can lag cuz moves so quick
[12:55 pm] jsn13 : ok so u enter at the peak
bar?
[12:55 pm] doji : That is something we need
to back test Ed
[12:55 pm] Ed : be my guess
[12:56 pm] jsn13 : is it the 3.48 bar? u
enter while it was on its way down?
[12:56 pm] jsn13 : what price did u get/
[12:56 pm] Ed : 21.17 but small position
[12:57 pm] Ed : I dont use full position on
these
[12:57 pm] victor51 : out of HRG It was
sweet. Thanks Mitch, Ed and everyone.
[12:57 pm] qwert : Bye everybody a great day
thx for all the calls mitch, ed and everybody
cya in the am
[12:57 pm] Ed : nice trading Victor
[12:57 pm] Ed : c ya qwert
[12:57 pm] jsn13 : ok saw ur rationale
there…last time i used to watch the price
action and trade them…but i realised that
they are inconsistent so i abandoned
it….
[12:58 pm] Ed : only on really really fast
ones like this
[12:58 pm] Ed : as everything else will
lag
[12:58 pm] jsn13 : ok thanks
ed….agree….
[12:59 pm] jsn13 : if and only when we look
at ticks chart…things might be nicer to
see…
[12:59 pm] Ed : it takes time and practice on
these
[12:59 pm] apple : thx MK, E and everyone.
all have a wonderful evening.
[12:59 pm] jsn13 : understanding of all the
components u meantioned….
[01:00 pm] jsn13 : that might be
helpful….
[01:00 pm] doji : see the tick chart on BBY
and you will see the difference
[01:00 pm] Ed : c ya apple
[01:00 pm] jsn13 : victor r u still here?
[01:00 pm] Ed : i tried tick could not get
use to them
[01:00 pm] Ed : good point doji, they work
well for some
[01:01 pm] jsn13 : they r very incosistent i
guess…the rhythm is weird…
[01:01 pm] jsn13 : and i don think we can
use the same # of ticks for all the
stocks…
[01:01 pm] Ed : stock has to be moving
[01:01 pm] victor51 : jason, yes
[01:02 pm] jsn13 : may i know ur strategy to
exit? for stocks like HRG?
[01:02 pm] victor51 : Jason,
[01:02 pm] jsn13 : stochastics turned down?
MACD? 1 min or 2 min or even 3 min?
[01:03 pm] victor51 : Jason, first half
earlier at 6.93 and last at 7.0. Just
watching 1 and 2 min chart and adjust what
market gives
[01:05 pm] jsn13 : wha t do u mean? do u see
price action or use indicators?
[01:05 pm] jsn13 : to time ur exit i
mean….when u look for bigger gains, do u
move ur stop closer to ur entry?
[01:07 pm] victor51 : I use volume and price
action first and indicator is used for
confirmation. Using Ed’s suggestion and I
watch profit/loss last
[01:08 pm] jsn13 : ok i see….do u use
candlesticks?
[01:08 pm] victor51 : This was a fast moving
fast so I use r to r ratio higher
[01:08 pm] victor51 : yes candlestick
[01:09 pm] jsn13 : what time is ur 1st exit
on HRG?
[01:11 pm] victor51 : 12:26 and 12.56
[01:11 pm] jsn13 : do u trail it up? to
protect profit?
[01:13 pm] victor51 : Not yet. I will have
stop loss limit and some time i remove it
and get ready for market order.
[01:13 pm] victor51 : Are you using
TradeStation. You will love it
[01:14 pm] jsn13 : victor do u have facebook
accont? I’m using ninjatrader….very nice
also…
[01:16 pm] victor51 : Not active. I will be
off June 29 thru July 15. Tell me how do we
need to use Ninja Trader for Mitch’s new
system. i have free trial and would like to
play with today and tomorrow
[01:18 pm] jsn13 : i suggest u go to youtube
and search ninjatrader….they have tons of
video….
[01:18 pm] jsn13 : u cna learn from the
tutorials….
[01:19 pm] victor51 : Great. You can reach
me at
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