| July 5, 2013, Friday
TSA Moderator Chat
(06:05 am) Mitch King:good buy here on ES 09
1617.50
(06:05 am) Mitch King:should bounce nicely
(06:28 am) Mitch King:monitoring MLNX
(06:30 am) Mitch King:watching AGNC
(06:30 am) Mitch King:GOLD stocks down: NEM,
GOLD
(06:31 am) Mitch King:watching LINE
(06:31 am) Murano :watching ARMH
(06:31 am) Mitch King:watchning NUS
(06:32 am) Mitch King:monitoring NDLS again
today
(06:32 am) Mitch King:monitoring LOPE
(06:33 am) Mitch King:watching BIDU
(06:33 am) Mitch King:watching NEM closer
(06:35 am) Mitch King:watching IR for top
(06:35 am) Mitch King:watching MPC for
bottom
(06:35 am) Mitch King:watching TSLA
(06:36 am) Ed :LINE Weakness attributed to
cautious Seeking Alpha mention (06:36 am)
Mitch King:watching NLY
(06:36 am) Ed :would like another test near
lod for potential long setup
(06:36 am) Ed :COLE monitoring very high risk
trade
(06:37 am) Ed :based off trend (LINE)
(06:37 am) Ed :LINE Advanced trade, is short
the highs
(06:40 am) Mitch King:watching MTGE
(06:40 am) Mitch King:watching MTH
(06:41 am) Mitch King:watching MPC closely
(06:41 am) Mitch King:watching RYL
(06:42 am) Mitch King:watching NDLS
(06:42 am) Mitch King:watching WMC
(06:42 am) Mitch King:watching SWI for top,
low vol
(06:44 am) Ed :if u shorted LINE off bounce
would cover some in here
(06:45 am) Mitch King:KSU trending up so far
(06:45 am) Mitch King:SWI toppy
(06:47 am) Murano :out 3/4 ARMH
(06:48 am) Mitch King:watching O
(06:50 am) Qwert :monitoring DDD
(06:50 am) Mitch King:monitoring BWLD
(06:51 am) Ed :thx regatta BBEP
(06:54 am) Ed :sorry about charts but having
issue with kinetic again for stocks, so until
fixed will show futures
(06:56 am) Ed :chart on left is ES( which
similar to SPY)
(06:56 am) Mitch King:watching SSYS
(06:57 am) Ed :chart on right is representive
of small cap stocks (russell 2000)
(06:57 am) Mitch King:watching ABX
(07:01 am) Ed :SPY new lod
(07:01 am) Murano :stopped last 1/4 ARMH
(07:03 am) Ed :AMGN/GILD/CELG holding up
against market so far
(07:04 am) Qwert :watching CAT
(07:04 am) Ed :also add BIIB to that
(07:05 am) Ed :for long entries time with SPY
bottom and bounce
(07:09 am) Ed :kinetic back up so will change
charts to stocks
(07:11 am) Ed :SPY new lod
(07:13 am) Mitch King:BBEP bouncing
(07:13 am) Mitch King:watching CL 08 for
bottom soon
(07:14 am) Murano :watching YHOO
(07:18 am) Murano :watching CAT
(07:22 am) Ed :nice call on BBEP regatta
(07:24 am) Ed :have to reboot charts in room
(07:29 am) Ed :LNCO new lod
(07:30 am) Ed :LINE/LNCO had been trading in
tandem
(07:34 am) Mitch King:watching VNR
(07:40 am) Mitch King:ed, sometimes you can
change to another instrument and then back to
the symbol you wanted on the kinetick
datafeed chart, and it recycles it. not sure
why it gets stuck but happens about 2-3 times
a week for me
(07:48 am) Mitch King:hope some of you
followed me on that CL bottom at 713am
pacific time, got a little lucky so big of a
move
(07:53 am) Mitch King:qwert, ed, should get a
little quickie long on CL
(07:56 am) Mitch King:we wont get those 55
ticks like at 713am normally
(07:56 am) Mitch King:you guys want these
calls, they are high odds but small profit
targets
(07:56 am) Mitch King:thats what i was
looking for 5-10 ticks
(07:57 am) Mitch King:ok what that was was a
small oversold condition and you want to get
into the habit of buying at the bid and
selling at the ask
(07:58 am) Mitch King:not right away. this
is advanced but really effective
(07:59 am) Mitch King:ok so now, what you do
is just wait for another setup, no hurry,
just let the trade set up
(07:59 am) Mitch King:i am using 362 on
Lightning bars,
(07:59 am) Mitch King:you dont build big
positions in those but 5-7 ticks are high
odds. about 88% chance at 5 ticks and
around 78% chance to make 7 ticks in that
situation.
(08:01 am) Murano :watching CLDX
(08:43 am) Ed :Line been nice mover
short/long
(08:45 am) Ed :LNCO also
(08:50 am) Murano :Watching DELL
(08:55 am) Ed :SPY trading in small range
(09:00 am) Ed :nice bounce in SPY out of
range
(09:00 am) Murano :watching SOHU
(09:04 am) Murano :out all DELL
(09:04 am) Murano :out 3/4 CAT
(09:11 am) Ed :Market Internals update at
12:00ET – NYSE volume 232M shares, about 6%
below its three-month average-
(09:13 am) Murano :out all YHOO
(09:23 am) Mitch King:08
(09:23 am) Mitch King:looking for long in CL
087
(09:33 am) Ed :SPY consolidation
(09:33 am) Ed :LINE new hod
(09:34 am) Ed :EG) Islamic Brotherhood
‘spiritual’ leader declares that Morsi is
still Egypt’s President and protesters will
continue in their presence at community
squares –
(09:43 am) Mitch King:20
(09:43 am) Mitch King:anyone follow me in
that last CL long? about 209 min ago?
(09:43 am) Ed :*(EG) FITCH LOWERS EGYPT
SOVEREIGN RATING
(09:45 am) Murano :watching RAX
(10:04 am) Qwert :monitoring COG
(10:04 am) Ed :AAPL new lod
(10:25 am) Ed :monitoring WPRT for more
selling
(10:26 am) Ed :would like some selling down
to 30ish to get me interested
(10:28 am) Mitch King:could have a civil war.
i heard analyst on cnbc say his target on
CL $105
(10:29 am) Mitch King:and it immediately
spiked
(10:34 am) Ed :got quick spike on NUS
(10:34 am) Ed :NUS
(10:39 am) Mitch King:shorts starting to work
better on CL now
(11:14 am) Ed :SPY moving out after
consolidatin
(11:15 am) Ed :LNCO also new hod
(11:15 am) Ed :lnco
(11:15 am) Ed :LINE new hod
(11:16 am) Ed :nice call qwert on COG
(11:39 am) Murano :watching ERJ
(12:07 pm) Ed :Should have more action on
monday when more traders come back
(12:10 pm) Mitch King:if anyone trades CL,
next week should be outstanding volatility
(12:56 pm) Ed :and weekend
(12:56 pm) Ed :have great evening traders
(01:05 pm) Mitch King:later guys
| July 5, 2013, Friday
TSA User Chat
(05:58 am) Qwert :Good morning to everyone
(06:01 am) doji :Hi Qwert
(06:02 am) Qwert :Hey Doji how are you
(06:04 am) Qwert :Ism at 7:00, crude inv. at
7:30, nat gas inv. at 9:00 all times PST
(06:04 am) doji :Doing fine, thaks QWERT
(06:05 am) doji :so nobosy is around? Still
celebrating July 4th?
(06:05 am) Qwert :Joey said he wasnt going to
be here today
(06:13 am) doji :/ES still looks weak
(06:16 am) taco :gm everyone
(06:23 am) Murano :good morning
(06:24 am) doji :Hi Murnao
(06:24 am) doji :Murano
(06:25 am) taco :TSLA up with volume, SCTY,
NDLS FSLR on lower vol
(06:26 am) Murano :hello doji
(06:28 am) taco :GOLD, AGNC, SRPT down on
low volume and LINE on higher
(06:28 am) victor51 :good morning all
(06:30 am) skydiver :TSLA moved up before I
could post
(06:31 am) skydiver :ok – I see you covered
it Taco .. 🙂
(06:31 am) elisha :gm all
(06:35 am) regatta :OSTK
(06:44 am) regatta :watching BBEP
(06:52 am) Ed :having issues with kinetic
feed again
(06:53 am) Murano :stop on last 1/4 ARMH
37.69
(06:55 am) taco :no worries ed
(06:57 am) regatta :watching ARP
(06:57 am) doji :GLD dripping
(06:58 am) elisha :I don’t get the feed for
futures Ed so it’s kind of a treat for me –
thanks
(07:01 am) elisha :watching CLF
(07:04 am) regatta :watching AMTG
(07:09 am) regatta :watching MFA, low price
(07:10 am) doji :BBEP
(07:14 am) doji :Taking 1/4 out here in
BBEP
(07:17 am) regatta :SPY falling
(07:17 am) doji :YRCW
(07:18 am) regatta :watching QRE
(07:19 am) regatta :watching AMTG
(07:22 am) doji :out another 1.2 in BBEP
(07:22 am) regatta :watching VNR
(07:38 am) Murano :forgot to watch STI for a
breakout
(07:38 am) regatta :watching HTS
(07:38 am) Qwert :VNR nice call
(07:44 am) Ed :thx Mitch, that helped 2nd
issue, first issue Kinetic had to resolve
(07:48 am) taco :LINE moving
(07:49 am) Qwert :nice call Mitch on the CL
(07:49 am) Ed :was really nice call Mitch
(07:56 am) Qwert :yes for sure
(07:57 am) taco :yes mitch that would be
great
(07:59 am) Qwert :thx mitch
(08:10 am) doji :CLDX 20.17 short
Murano….
(08:11 am) Murano :I am watching CLDX
(08:12 am) doji :R3-2014
(08:13 am) Murano :ninja shows 20.24
(08:14 am) doji :Yes, 20.24
(08:15 am) doji :Put my stop above that
line
(08:16 am) Murano :short at 20.12
(08:22 am) doji :SPY tripple top at 162
(08:24 am) doji :NFLX
(08:26 am) doji :Out 1/2 NDLX short
(08:26 am) doji :Thanks Murano
(08:42 am) taco :LINE stretching
(08:58 am) doji :APPL
(08:58 am) doji :spkie
(09:00 am) doji :What is moving the market
now?
(09:00 am) doji :Any news Ed?
(09:01 am) Ed :news feed been quiet all day
(09:01 am) doji :so bonds buying?
(09:01 am) Ed :extremely light vol. so makes
easier to move markets like jello on playe
(09:01 am) Ed :plate
(09:01 am) Qwert :hahaaha
(09:11 am) Murano :it seems slower ED
(09:11 am) Ed :yep most will be back monday
(09:12 am) skydiver :Thnx for nice calls
today inspite of slow day . . See you all
Monday 🙂
(09:13 am) Murano :have a good weekend sky
(09:13 am) skydiver :you too Murano and
everyone else 🙂 I’m gone 🙂
(09:13 am) taco :have a good one sky:)
(09:14 am) Murano :lunch break back in 20
(09:14 am) taco :enjoy murano, nice calls
(10:28 am) Murano :Egyptian troops open fire
on Morsi supporters
(10:30 am) Ed :to late now but US should have
stayed out of it when Mubarak was in office
(10:30 am) Mitch King:well Egypt controls the
Suez Canal, i think
(10:30 am) Ed :it does, I know other motives
also
(10:31 am) Murano :very true Ed
(10:43 am) doji :LINE a beuaty
(10:56 am) doji :Hey Ed, how would you trade
LINE here? I was waiting for a significant
pullback but it seems it want to continue
moving upward
(10:58 am) Ed :I would not, just me
personally. I look for highest probability
for trade setup when there is significant
inbalance if you will in perceived price
value
(10:59 am) doji :I could pull back hard at
any moment… I agree… will wait for the
pullback and the setup to arise
(10:59 am) doji :It
(10:59 am) Ed :like for example most would be
looking for short after such big move off
bottom, but I stand to side due to the fact
while trade may work out, I know on this type
of trade out of 10x it worked in pass for me
4 out of 10, so I pass
(11:00 am) doji :Thanks Ed
(11:01 am) Ed :no problem
(11:05 am) Ed :also, we have soo much freedom
in markets if we dont have rules we will
trade and trade and trade until we cant
trade. A study was done of
Futures/Currencies/Bonds/Stocks and it said
that there all 1 billion types of setups that
would could take or employ, who has the money
for that if ur % basis is always trading low
probability setups
(11:06 am) Ed :in other words how long would
ones money last??
(11:07 am) doji 😕
(11:07 am) taco :right ed
(11:08 am) Ed :simple terms doji there are
over 1 billion setups in market place one
could undertake, only thing that can stop you
from not taking all setups is money, strick
discipline
(11:08 am) doji :At 1 share per trade, it
would last at least to try the 1 billion ways
to trade
(11:08 am) Ed :lol
(11:08 am) Ed :thats why i like doji, always
a way
(11:09 am) doji :My wife always say the same
Ed
(11:09 am) doji :lol
(11:09 am) Ed :trust me, I like you in
different way though LOL
(11:09 am) Ed :like a brother
(11:09 am) Ed :not like Cane and Able either
(11:09 am) Ed ::)
(11:12 am) doji :Whaaaaattttttt!
(11:13 am) doji :I am a Macho Man….
(11:13 am) doji :Just in case… lol
(11:13 am) doji :I love you too brother
(11:13 am) Ed :thx for disclaimer
(11:13 am) Ed :lol
(11:14 am) doji :Hahahah
(11:14 am) doji :LINE also Ed
(11:34 am) taco :how long have you been
trading for ed?
(11:35 am) Ed :trading first got started 96
(11:35 am) Ed :was not disciplined and no
clue what i was doing
(11:36 am) doji :He used to trade along with
Moses and Abraham….
(11:36 am) taco :lol
(11:36 am) Ed :lol
(11:37 am) taco :how did you get into it?
who introduced you or how did you discover
it?
(11:37 am) Ed :i learned about
stocks/investing when i was 16
(11:38 am) Ed :I first invested in stocks at
16 also. made 3k
(11:39 am) Ed :I was a blind squirrel
(11:39 am) Ed :lol
(11:39 am) taco :lol nice:)
(11:39 am) doji :I am still a blind
squirrel…. lol
(11:39 am) Ed :so bad for me by time i came
to TSA I had tone of bad habits
(11:40 am) Ed :in 96 i traded options also
(11:40 am) taco :how long have you been with
tsa?
(11:41 am) Ed :november 2009
(11:41 am) doji :How many $$$ millions have
you lost before finding the “light” Ed?
(11:41 am) Ed :to be honest doji Im afraid to
count
(11:42 am) Ed :and ai became moderator dec.
2011
(11:42 am) doji :Hahahah MAking $300/400 per
day it will take me like like 5 years to get
to breakeven…
(11:43 am) Ed :breakeven is good
(11:43 am) Ed :Its like guy I met years ago,
he was 50million in debt, and his prayers
were to get back to 0.
(11:44 am) Ed :I must say when I came to TSA,
I was very good in doing swing and investing,
so I thought that naturally i would be good
trader
(11:45 am) Ed :bad timing in trading is not
as forgiving as investing and swing
(11:48 am) Ed :people with less experience
coming to trading have less baggage to
contend with
(11:50 am) Ed :my news feed been quiet alllll
dayt, guess they are in Hamptons
(11:50 am) taco :thanks for sharing ed:)
(11:53 am) Qwert :Bye everyone got to take
off early for doc appointment cya all on
monday have a great weekend nice calls this
am
(11:53 am) Ed :c ya qwert
(11:53 am) Ed :no problem anytime
(11:54 am) taco :c ya qwert you too
(11:54 am) Ed :so collectively we have lot of
experience in room, moderators and room
members
(11:55 am) Ed :I think Mitch got started in
the 20’s, back when markets were open on
saturday
(11:55 am) Ed :and he looks great for his
age
(11:55 am) Mitch King:you guys are cruel
(11:55 am) doji :You too Ed, you too…
(11:56 am) Ed :lol
(11:56 am) taco :haha
(11:56 am) Mitch King:and Ed grew up as a
slave in the south, while i was a coolie
working on the railroad
(11:56 am) Ed :lol
(12:11 pm) doji :TSLA
(12:41 pm) taco :thanks Mitch, Ed, Murano
and everyone else too, have a great wknd, see
you on monday:)
(12:42 pm) Ed :c ya taco
(12:42 pm) Murano :have a good weekend taco
(12:44 pm) Murano :done for the day, see you
Monday
(12:44 pm) Ed :c ya murano
(12:56 pm) duke :you too
|
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