[06:19 am] Brent : good morning everyone
[06:21 am] Kris : Good Morning Traders
[06:28 am] Kris : 2 minutes. Time to
Rock!
[06:30 am] Kris : CMA short
[06:30 am] Kris : NVLS short
[06:31 am] Kris : JVA short
[06:31 am] Kris : NCR long
[06:32 am] Kris : FFIV short
[06:32 am] Kris : stop CMA short over
33.23
[06:33 am] Kris : look to cover some JVA
short here if you could get it
[06:33 am] Kris : SNDK short half position
[06:33 am] Mitch K: watching ATML
[06:34 am] Kris : CMA at support, looking for
new lod[06:34 am] Kris : out another 1/4 FFIV
short
[06:34 am] Kris : out half FFIV short
[06:35 am] Kris : CREE short half position
[06:35 am] Kris : stop last 1/4 FFIV short
over 110.58
[06:35 am] Mitch K: watching FFIV, APKT,
JVA
[06:36 am] Kris : watch for a new low in
JVA
[06:36 am] Kris : will watch ALTR for a
bounce to short into
[06:36 am] Mitch K: these are two different
stocks, not same one on blue and white
chart
[06:36 am] Mitch K: watching for short in
CF
[06:36 am] Mitch K: watching for short in
CMI
[06:37 am] Kris : out all FFIV short
[06:37 am] Kris : out another 1/4 CREE
short
[06:37 am] Kris : out half SNDK short
[06:38 am] Kris : LVS short half position
[06:38 am] Kris : stop last 1/4 CREE over
30.77
[06:38 am] Mitch K: both charts are CMI ,
look for stock symbols on upper left of each
chart
[06:39 am] Brent : watching TER for a
bounce
[06:39 am] Kris : out another 1/4 SNDK
short
[06:39 am] Kris : stop last 1/4 SNDK short
over 41.06
[06:39 am] Kris : will watch JBL for a bounce
to short into
[06:40 am] Kris : watch SWC for support
around 17.50, next support would be about
17.20
[06:40 am] Mitch K: watching for bottoms in
TXN, ALTR,
[06:41 am] Kris : careful with ONTY
[06:41 am] Kris : JVA bounce looks weak
[06:41 am] Kris : ONTY support around 8.00
[06:41 am] Kris : watch ONTY for a long
[06:41 am] Mitch K: watching for bottom in
GME, NXPI,
[06:42 am] Kris : JVA new lows
[06:42 am] Kris : LVS short second half
[06:42 am] Kris : MOBI long half position
[06:42 am] Mitch K: NXPI bouncing
[06:42 am] Mitch K: watching A for bottom
[06:42 am] Mitch K: watching AGU for short
[06:43 am] Kris : GMCR short half position
[06:44 am] Kris : NWSA short half position
[06:45 am] Kris : if you’re still short JVA,
start looking for a spot to peel out of
it.
[06:45 am] Kris : it’s probably going to give
a bounce soon
[06:46 am] Kris : watching CCK for a long
[06:46 am] Mitch K: watching CF for short
[06:47 am] Kris : ARMH short half position
[06:48 am] Kris : NUVA short half position
[06:49 am] Kris : MOBI consolidating, looking
for a break to new hod[06:49 am] Mitch K:
watching MTB for top
[06:50 am] Kris : LRCX short
[06:51 am] Mitch K: watching A, Agilent, more
downside
[06:52 am] Kris : SPY coming up on support,
look for a new lod[06:52 am] Mitch K:
consider covering CF short for first helping
here 148.10
[06:52 am] Mitch K: consider covering most of
AGU short 87.88 area here
[06:53 am] Kris : FFIV still looking weak
[06:53 am] Kris : GMCR new lows
[06:53 am] Kris : out half LVS short
[06:53 am] Kris : stop second half LVS over
43.77, looking for new lows in LVS
[06:53 am] Mitch K: ACE toppy
[06:54 am] Kris : FFIV new lows
[06:54 am] Kris : out half LRCX short
[06:54 am] Kris : short second half NWSA
[06:55 am] Kris : NVLS also looking weak,
look for new low below 32.50
[06:56 am] Mitch K: if anyone is still short
CMI, consider covering here 104.50 area
[06:56 am] Mitch K: looking for 2nd helping
short on AGU around 88.40 area
[06:57 am] Kris : watching QSFT for a long
[06:58 am] Kris : ONXX short half position
[06:58 am] Kris : SPY held support
[06:59 am] Mitch K: A bouncing
[07:00 am] Kris : JVA new lows
[07:00 am] Kris : watching NCR for another
long
[07:02 am] Mitch K: AGU should give another
short helping soon
[07:02 am] Mitch K: consider reducing or
selling A, weak
[07:02 am] Mitch K: consider selling TXN
long
[07:03 am] Kris : looking to add to LRCX
short around 43.40
[07:03 am] Kris : MOBI long second half
[07:03 am] Mitch K: ACE 2nd helping, lower
vol stock
[07:03 am] Mitch K: SP 500 attempting
rebound, high of day
[07:06 am] Kris : SINA long half position
[07:08 am] Kris : GMCR not much love on the
bounce, look for a new low
[07:09 am] Kris : out half NWSA short
[07:10 am] Brent : consider reducing TER
[07:10 am] Kris : will look to cover more
NWSA around 15.45 then look for new lows for
final 1/4 position
[07:12 am] Kris : GMCR new lows
[07:15 am] Kris : NCR support 18.50
[07:15 am] Mitch K: looking for 88 on AGU 2nd
helping short
[07:18 am] Kris : long second half SINA
[07:18 am] Mitch K: watching TSL for bottom
to buy
[07:21 am] Kris : out half GMCR short
[07:22 am] Kris : looking for new hod on
SINA, will take some profit on part of my
position just under hod.
[07:23 am] Mitch K: watching LNKD for
bottom
[07:24 am] Kris : SOLR short half position
[07:25 am] Kris : long small position in
NCR
[07:25 am] Kris : stop NCR below 18.44
[07:27 am] Kris : NVLS coming up on lod
support
[07:31 am] Kris : CLNE long half position
[07:32 am] Kris : out all GMCR short
[07:33 am] Kris : out half SOLR short
[07:33 am] Mitch K: consider reducing LNKD
long position
[07:34 am] Kris : out half NCR long
[07:35 am] Kris : SPY heading for hod,
building nice pattern for breakout higher
[07:35 am] Mitch K: looking for 18.40-18. 50
area for TSL
[07:37 am] Mitch K: stop under 18 for TSL
[07:40 am] Mitch K: watching CLNE for
short
[07:41 am] Kris : out half NVLS short
[07:42 am] Kris : out all SOLR short
[07:43 am] Mitch K: looking for CLNE to go
under 15
[07:44 am] Kris : out another 1/4 NVLS
short
[07:44 am] Kris : stop last 1/4 NVLS over
32.57, will look for 32.03 for last exit
before a potential bounce off 32.00
support.
[07:44 am] Kris : watching VMED for a long
over 28.10. Set an alert around 28.00 as a
reminder.
[07:47 am] Mitch K: watching EDU for short
[07:48 am] Mitch K: still keep tracking LNKD
even if you were stopped out. don’t let
emotions on a loser keep you from profiting
from the next idea, even same stock that you
lost on
[07:49 am] Kris : watching SOLR for a long
[07:49 am] Mitch K: I’ve never done that
before but I’ve heard people who do 🙂
[07:51 am] Kris : out all NVLS short
[07:52 am] Kris : out another 1/4 LRCX short,
stop last 1/4 over 43.08, looking for new
lows.
[07:52 am] Mitch K: i have a saying that is
particular true with bullshorts. The ones
that hurt you are the same ones you can make
a lot of money on shortly after you stopped
or threw in the towel. I saw a bunch of you
throw in the towel on a stock yesterday at
the worst time and groaned and moaned when it
went the way you wanted shortly after. Your
job is to focus on what the stock is doing,
not languish in the negative emotions of a
loss
[07:53 am] Mitch K: I’ve never done that but
know people who have
[07:53 am] Mitch K: yeah jjamm that was it
[07:54 am] Mitch K: niko, i paid big bucks
for that knowledge
[07:55 am] Kris : CLNE long second half
[07:58 am] Kris : JVA new lod[08:11 am] Kris
: out all LRCX short
[08:11 am] Mitch K: TSL should be a real good
bounce at some point
[08:14 am] Mitch K: no buy signals yet on
TSL, nothing turning up yet
[08:15 am] Mitch K: niko, remember I posted
to stop below 18 earlier on TSL? you can’t
ride these down being long with this much
loss on a scalp
[08:16 am] Kris : MCHP has some support
around 32.00
[08:25 am] Kris : SPY testing hod[08:26 am]
Kris : out all NCR long
[08:32 am] Kris : watch SOLR for a new low,
could give another .20 to .25
[08:33 am] Kris : SPY putting in a strong
line of resistance today.
[08:38 am] Mitch K: possible sell signal
here, consider reducing TSL
[08:43 am] Mitch K: now my guess with this
TSL is it drops down more, maybe briefly
under $17 and then look for a trending up
that may exceed that high we just saw of
$17.46
[08:44 am] Mitch K: it will take longer to
trend up, possibly even 1-2 hours somewhat
like the SP-500 is doing now. the overall
market is struggling to move up but is likely
some buying occurs.
[09:03 am] Brent : have a good day anthonyb,
welcome to the room
[09:05 am] Kris : look for LRCX to find some
support around 42.00
[09:29 am] Mitch K: monitoring CDTI
[09:37 am] Kris : ABVT ALERT
[09:37 am] Kris : ABVT news
[09:37 am] Kris : ABVT potential buyers
pulling out
[09:42 am] Mitch K: I’m just reviewing some
of the stocks we posted earlier, this one is
Kris short early in session,
[09:48 am] Mitch K: anyone get this one long,
TXN around 1002am eastern time?
[09:48 am] Mitch K: I’m just reviewing
charts
[09:49 am] Mitch K: TXN tends to be a slow
mover
[09:50 am] Mitch K: nice trade observer on
ABVT
[09:52 am] Kris : NFLX news
[10:07 am] Kris : I still think there could
be downside in SODA for another day or two.
support in the 64.00 range
[10:07 am] Kris : it’s been fizzling
[10:08 am] Kris : where’s Rockstar been? he
would appreciate that.
[10:09 am] Kris : Welcome Back Rockstar!
Good to see you.
[10:10 am] Kris : Yes wychy, I use the daily
in just about every strategy I trade.
[10:11 am] Kris : my day is now complete.
thank you rockstar[10:11 am] Kris : Now is a
good time for any questions or trades you
would like to review from earlier today
[10:11 am] Kris : that was Brent
[10:13 am] Kris : No babak
[10:15 am] Kris : it could show some support
near that area wychy with your fibs and the
lod from 7/5. I’m looking at the previous 52
week high from 6/8 but I look for a possible
early bottom near 64.00. If you’re swing
short you could take some off around 65.50
and see if it can break to lower lows.
[10:16 am] Kris : I don’t like to short that
kind of news matt
[10:16 am] Kris : it will be interesting to
see if the market can hold this up into the
close.
[10:17 am] Kris : based on the correction
it’s had over the past month plus the move on
the buyer pullout is typically an
overreaction that is best played for a long
depending on the type of day we’re having.
[10:17 am] Kris : that was for ABVT
[10:18 am] Kris : if it was 6/1 and ABVT had
that kind of news I might have looked for
more downside after the 5 day run up
[10:20 am] Kris : Welcome to the room
Wychy.
[10:21 am] Kris : I use stop limit and
usually go with half first. I also have
alerts set early and I do a 1 hour premarket
review of my watchlists.
[10:21 am] Kris : sometimes I have them in
front of me and can do the trade manually
[10:21 am] Kris : sometimes it hits my
trigger then I adjust my orders to fill.
[10:22 am] Kris : for my targets and stops
[10:22 am] Kris : I also have custom ATM
strategies
[10:22 am] Kris : I use etrade’s scanner. I
trade using Ninjatrader.
[10:23 am] Kris : my ATM strategy bumps my
stops based on price points instead of a set
trail increment. I can also set an increment
and tighten it as I get more in profit.
[10:24 am] Kris : each trade can be different
depending on where price consolidates or
makes a new high/low. I like to take part
profit early and move my stop just under the
next support level or over the next
resistance level.
[10:24 am] Kris : I recommend mostly manual
but trailing could work if you’re taking a
lot of trades.
[10:25 am] Kris : Do we have any other new
members in the room today?
[10:26 am] Kris : I don’t use MACD wychy. I
have stochastics but I use that mostly for
managing my trades.
[10:26 am] Kris : Leo, for day trading a safe
bet is 1%
[10:26 am] Kris : The trades I take on the
open are either breakouts/breakdowns or they
are gap trades.
[10:27 am] Kris : I don’t like to have my
stop on whole dollar numbers
[10:27 am] Kris : I use part of pivots
[10:27 am] Kris : so a 30.00 stock should
have a .30 cent stop approximately.
[10:27 am] Kris : take the price of the
stock, move the decimal point 2 spots to the
left and that’s the size of your stop.
[10:28 am] Kris : Automated Trade
Management
[10:28 am] Kris : what that does Steve is it
knows that you want a stop at X price and a
full or half target at X price and it puts
those orders in for you automatically when
you open the position.
[10:29 am] Kris : I think it’s a 2min chart
but those are Mitch’s charts.
[10:29 am] Kris : I’m liking this LRCX for
some follow through to the short side
tomorrow below 41.70
[10:30 am] Kris : I only use a tick on buyout
rumors or the really fast moving stocks.
[10:30 am] Kris : I use a 1min and daily, I
include a 3min for my reversal strategy.
[10:32 am] Kris : email me wychy.
[email protected]
[10:32 am] Kris : I’ll help you out.
[10:44 am] Mitch K: watching CF for 2nd short
helping at the top of this bounce
[10:46 am] Mitch K: Rusty, I’m liking your
XCO daily chart you brought up
[10:52 am] Mitch K: I’m changing intervals on
the chart and looking at different time
[10:52 am] Mitch K: on TSL on the white
chart
[10:54 am] Mitch K: i forgot to tell you guys
can get a 30 day trial for $12 on their
charting and quotes. call Ray Fitzgerald
[10:55 am] Mitch K: CF
[10:55 am] Mitch K: i think his number is
800-322-0940. if it isn’t his number, i
would ask for Ray. he is on top of it
[10:55 am] Mitch K: not CXF
[10:55 am] Mitch K: that’s esignal[10:55 am]
Mitch K: this CXF should pull back slowly
[11:19 am] Mitch K: Fed Members discussed
possible third round of stimulus
[11:19 am] Mitch K: that is in the fed
minutes, which was just released
[11:59 am] Kris : I will create a broker
document and upload it to the library for you
guys.
[12:00 pm] Mitch K: consider covering CF
short here 148 area
[12:00 pm] Mitch K: did anyone short the CF
trade posted the last 45 min?
[12:00 pm] Mitch K: good one mrguy[12:02 pm]
Kris : Right side bottom there is a button
called Documents, you guys see that?
[12:02 pm] Kris : that is a document
library
[12:02 pm] Mitch K: nice tennis
[12:03 pm] Mitch K: you guys know how i found
CF? reviewing charts. Didn’t you see me
scrolling through some charts on the
screenshare here? i was going through many
other ones on other screens
[12:04 pm] Kris : ANN short half position
[12:04 pm] Kris : stop ANN over 25.65
[12:06 pm] Kris : I’m also gonna post our
chart setup documents in there too.
[12:06 pm] Kris : it’s blank right now. I’m
gonna put a brokers document there.
[12:07 pm] Kris : so everyone has access
[12:08 pm] Mitch K: i don’t think there is
much profit there tennis
[12:17 pm] Brent : take care lisas have a
good night
[12:24 pm] Kris : Alusi, ALERTS are usually
very fast moving stocks and there is 2
reasons for no guidance. 1) often there
isn’t time to give guidance and 2) It’s an
advanced trade and if you don’t have a
strategy for trading them you will get
burned.
[12:25 pm] Kris : but if you don’t know a
direction on an ALERT you probably should
pass or paper trade it until you become more
experienced.
[12:25 pm] Kris : If they move slow enough I
will give a direction and a stop plus track
the trade as I’m trading it.
[12:26 pm] Kris : It’s a modified buyout
strategy for fast movers.
[12:35 pm] Kris : yes, 25.00 area qwert[12:47
pm] Kris : out ANN short
[12:48 pm] Kris : SPY new lod[12:49 pm] Kris
: could be a weak sign going into tomorrow
[12:58 pm] Kris : 2 minutes. Make sure
you’re not accidentally taking home any
hitchhikers.
[01:03 pm] Brent : Have a great night
everyone, see you in the morning
[01:03 pm] Kris : Great job today everyone.
See you all tomorrow morning.
[01:03 pm] Mitch K: bye guys, TSL was an
example of a trending stock after the initial
trade. more of that to come, very profitable
on these, different mindset
|
[05:56 am] lorie : LDK
[05:56 am] lorie : ZSL
[06:00 am] baz6308 : are setting up for
rebound already?
[06:02 am] lorie : NWSA
[06:03 am] lorie : baz, we could see a dead
cat bounce
[06:05 am] baz6308 : why is silver going
down and gold up
[06:09 am] eyes-inthenow : do you guys and
gals like the new trading room
[06:10 am] joeytsa -: love the new room
eyes….great having the charts
[06:10 am] terminator : euro sinking
again.
[06:11 am] wychy : Good morning folks,
newbie here, be gentle!
[06:12 am] lisas : Welcome to room wychy,
everyone friendly here
[06:13 am] wychy : being chopped on Swing
Trades made me realize i need to learn
DayTrade…and hence you guys
[06:14 am] lisas : Yes wychy[06:14 am] wychy
: my layout doesn’t show a chart…is that
correct?
[06:16 am] wychy : alusi, I’m with ya,
knocked my confidence somewhat but it did
expose a flaw
[06:16 am] wychy : we all a need a strategy
that we can use in any market
[06:20 am] anthonyb : 1st day here
[06:20 am] wychy : Welcome anthonyb, mine
too
[06:25 am] mikewd2 -: MCHP down 3.5 pts, 9%
on downgrade
[06:28 am] randall : JAVA for a
bullshort[06:28 am] randall : the action is
setting up with volume and pricing on JAVA
[06:40 am] observer : SPRD lod[06:41 am]
mikewd2 -: xlnx long
[06:46 am] observer : long SPRD
[06:57 am] wychy : Mitch – I have a couple
of questions to ask, what time is best?
[06:58 am] mikewd2 -: CMI L 104.5
[07:02 am] mikewd2 -: out CMI 105.20
[07:02 am] randall : cf[07:03 am] observer
: out 1/3 SPRD
[07:05 am] dmitry : ATML long
[07:05 am] lorie : ANN
[07:07 am] dmitry : SKM 15.56 trigger idea
15.37 stop
[07:10 am] joeytsa -: CMI might be turning
over on this lower high
[07:10 am] joeytsa -: WWW moving up on
news
[07:10 am] sprinterdc : VECO
[07:12 am] lightning : watching NCR for a
bottom
[07:13 am] gecko : markets oscillating with
high amplitude
[07:13 am] lightning : aka: markets
jumpy
[07:15 am] dmitry : SKM entry triggered
[07:15 am] joeytsa -: out CMI short…+.75
🙂
[07:18 am] truck : plus .36 on AGU ,,thanks
Mitch
[07:21 am] dmitry : TSL buy stop order
@18.48 may change
[07:21 am] lightning : L NCR 1/2 position
18.65
[07:22 am] kirkg : gene not trading?
[07:22 am] observer : out 2nd third SPRD
[07:23 am] babak -: LVS second help
[07:23 am] dmitry : niko yes buy have not
triggered yet
[07:23 am] lightning : Kirk, GENE is
halted
[07:23 am] niko : Are you long on TSL
dmitry?
[07:24 am] lightning : Kirk, GENE is an H11:
Halt – Regulatory ConcernTrading is halted
in conjunction with another exchange or
market for regulatory reasons.
[07:24 am] observer : all out SPRD
[07:28 am] dmitry : TSL move buy entry
18.10
[07:29 am] joeytsa -: love when you have 1-3
stocks that give multiple moves during the
day..so far today it’s been SINA and CMI on
my list
[07:30 am] dmitry : TSL long triggered
@18.10 stop loss @17.99
[07:30 am] rusty : SWC hod[07:31 am]
lightning : L TSL 18.18
[07:34 am] sfarrill : VHC watch
[07:35 am] lightning : out 1/2 NCR 18.78
[07:35 am] mikewd2 -: TSL L 18.05
[07:36 am] gecko : tsl looks like double
bounce 18ish
[07:37 am] joeytsa -: CMI has just been a
“technical gem” today., think i am done,
happy with today’s profits, just gonna lurk
the rest of the day…thanks all
[07:38 am] gecko : if breaks .89 wll surge
down
[07:38 am] gecko : tsl broke 18
[07:38 am] lightning : stopped TSL
[07:39 am] dmitry : TSL stopped out
[07:39 am] joeytsa -: TSL hit 15day
resistance and shot down
[07:40 am] gecko : trend is short
[07:40 am] lightning : out another 1/4 NCR
18.76…don’t like this consolidation
[07:42 am] Kris : good, if we get a new high
in the markets could push it up into 18.90
area
[07:42 am] Kris : you still have some left
matt?
[07:42 am] lightning : Yes, Kris. Just a
small amount of NCR left
[07:42 am] Mitch K: joeytsa, you like the
repeated trade opportunities on CMI today?
it is a good trading stock. Usually TSL does
same
[07:43 am] gecko : tsl breaking
[07:43 am] joeytsa -: love it Mitch…you can
just study 2-3 stocks…today plays are very
technical
[07:46 am] niko : Not a good day for solar
stocks
[07:47 am] reacher : WPRT @ res
[07:49 am] lightning : Still watching TSL
for another bottom
[07:51 am] truck : out 1/2 TXN short. plus
.25
[07:52 am] gecko : markets moving down
helping shorts
[07:53 am] jjammerp : would that be CLX?
[07:54 am] gecko : don’t let the manic
depressive market get you down
[07:54 am] gecko : great advice
Mitch…..this whole game is intellect over
emotion
[07:54 am] jjammerp : I know, I got
clobbered and walked outside mad, only to
come back to a $2 drop
[07:54 am] niko : MK, your advice is
priceless
[07:54 am] ron : yeah, haha Mitch how bout
RIMM…
[07:56 am] gecko : Mitch: u may have paid a
price for that knowledge but it was
overcoming those obstacles which brought u ur
success
[08:01 am] lightning : big move down for
SODA
[08:01 am] niko : Advise from CNBC,
$50/month cable subscription; advise from
Krammer, $450/year membership; advise from
MKing, priceless!
[08:04 am] mikewd2 -: TSL not looking good
[08:04 am] rusty : 1/2 their revenues tied
to GMCR and most of their $ made from hedging
coffee prices
[08:04 am] rusty : JVA is going to be a
single digit stock again
[08:04 am] rusty : not today but certainly
in future
[08:05 am] gecko : watch it at 17
[08:05 am] kirkg : I made a ton on jva long
and got out yesterday. Was it easy to get
shares to short on jva?
[08:06 am] dmitry : TSL might give us new
long entry
[08:06 am] gecko : short it
[08:06 am] niko : TSL still dropping, any
advice?
[08:07 am] dmitry : niko are you in it?
[08:08 am] niko : Just trying to get the
advice from those who knows better
[08:09 am] dmitry : in the upper box i
mean
[08:09 am] dmitry : that would be guy’s
upstairs!!
[08:11 am] baz6308 : what is going on with
these large spikes tsl and solr[08:12 am]
dmitry : TSL is kinda like a mini bullshort
on the flip side
[08:14 am] dmitry : niko not yet or at least
not me
[08:14 am] gecko : is that wick on tsl
real?
[08:14 am] niko : Anyone in TSL?
[08:15 am] gecko : and u can always
reverse
[08:15 am] mikewd2 -: got to bottom
somewhere
[08:15 am] mikewd2 -: in at 18.05, stopped at
18 per Mitch’s guideline
[08:15 am] mikewd2 -: increasing volume on
TSL
[08:15 am] rusty : TAN solar ETF is a good
indicator for those who care
[08:16 am] mikewd2 -: put in stop when it
went up to 18.17
[08:16 am] niko : Just watching the action
MKing and learning from the experts…
[08:17 am] eyes-inthenow : Mking are you
just using MACD now
[08:17 am] gecko : got out way early
though
[08:17 am] gecko : i was short niko at
18.24
[08:19 am] mikewd2 -: tried TSL again
16.79
[08:20 am] gecko : watching to see if it
gives candle above ema 15
[08:22 am] gecko : candle above ema 15
[08:23 am] alusi : in at 16.93
[08:23 am] candelas : selling 1/2 tsl here
17.02
[08:24 am] candelas : out another 1/4 tsl
17.10
[08:24 am] dmitry : TSL selling 1/3 17.10
[08:25 am] candelas : will trail last 1/4
[08:28 am] alusi : out @ 17.12
[08:28 am] observer : Thx, Kris NCR
[08:30 am] gecko : tsl now challenging ema
50 1m
[08:34 am] jjammerp : Kris, you still long
MOBI? good place to buy or pass?
[08:35 am] niko : Gecko, thanks for posting
your ideas, hoe all other members with higher
knowledge could do the same; otherwise what
is knowledge if it cannot be shared?
[08:37 am] derns : Niko…I agree…Gecko’s
sharing is invaluable.
[08:37 am] joeytsa -: alusi..quick ?, what
did you see that made you get out at 17.12
[08:38 am] alusi : i was just plain scared
and did not trust the signals. Now u see I
was wrong. I got out too early
[08:38 am] candelas : out last 1/4 tsl
17.35
[08:38 am] dmitry : TSL out rest 17.35
[08:38 am] gecko : candle below ema 5 tsl
now
[08:38 am] gecko : one phenoma which i have
seen is waiting for the reversal while the
trend is clear
[08:38 am] gecko : remember swc yesterday
[08:38 am] gecko : same thing
[08:39 am] candelas : had to be patient on
TSL
[08:39 am] derns : Gecko..I referring to a
strong trend, such as CLX yesterday, and
waiting to spot the reversal, which it
finally did?
[08:39 am] gecko : here is an idea
[08:39 am] kirkg : Wow good 5% bounce on
tsl, Mitch.
[08:39 am] qwert : tsl nice
[08:40 am] derns : I’m listening
[08:40 am] gecko : at each posting
[08:40 am] gecko : how about candle above or
below ema 5 on 1m as answer
[08:40 am] gecko : ill just put it out
there
[08:40 am] gecko : what if u had to go long
or short
[08:40 am] gecko : what would u do?
[08:41 am] derns : No sure I got you, but my
answer is: whatever Mitch is doing!
[08:41 am] gecko : then what about candle
above ema 15 or reverse for reversal
[08:41 am] gecko : would have been great for
tsl[08:45 am] wychy : is telechart Platinum
best for intra scans?
[08:48 am] alusi : dmitry what are your
scanning parameters? I still don’t know how
to scan yet
[08:49 am] alusi : I want use scottrade
elite
[08:49 am] wychy : anyone use Trade-Ideas
for Scans?
[08:51 am] aleem : i also mainly use this
room for scans
[08:51 am] aleem : i use trade ideas
[08:51 am] gecko : alusi: i currently use
this room as my scanner
[08:52 am] gecko : they showed some scanning
capability
[08:52 am] gecko : went to tc2000 course
with randall[08:53 am] alusi : i have tc2000
but don’t understand what I have to do for
solid stock ideas
[08:53 am] gecko : i believe they are in
real time
[08:53 am] wychy : gecko, how quick were
real time scans, any delays?
[08:54 am] gecko : try utubing it
[08:54 am] joeytsa -: wydhy…i just signed
up for madscan, trying to figure the best use
of it
[08:54 am] wychy : gecko, i have Telechart
Gold and thinking of upgrading to Platinum,
don’t know if their systems will have latency
in morning when mrkt moves fast
[08:55 am] gecko : 12500 feels like key
number
[08:55 am] gecko : seems like today is a key
day for market
[08:55 am] joeytsa -: right now i have 4
scans running, tomorrow might try 4 others,
but so far so good
[08:55 am] wychy : beta version
[08:55 am] wychy : joeytsa – considered them
last night, not sure tho, leaning towards
TC2000 cus of the new beat version
[08:56 am] joeytsa -: vol spike 10x 1 min
avg, price spike up/down .25 min, news
alerts , minimum 25cent spread
[08:56 am] niko : TSL consolidating to move
up/down?
[08:57 am] alusi : Joey what stock is
that
[08:57 am] dmitry : alusi sorry had to step
away. run some basic overbought oversold
scans based on stochastic, macd but I’ll tell
you nothing beats this room!
[08:57 am] joeytsa -: plus top10
gainers/losers on my platform
[08:57 am] xtremetrader : I use tc2000 and
no latency in morning here. The one thing I
don’t like is their charts don’t work in pre
or post market
[08:59 am] joeytsa -: alusi..are you asking
what platform?
[08:59 am] xtremetrader : IB also has great
scanning for % gainers and % losers and other
scanning abilities
[08:59 am] xtremetrader : IB=Interactive
Brokers
[09:00 am] alusi : Joey I thought your post
was about TSL
[09:00 am] joeytsa -: earlier i asked you
about TSL, and what made you get out at
.12
[09:00 am] wychy : xtrem – IB i find are ltd
in their scans and ltd symbols
[09:01 am] anthonyb : I liked my first
day> thank you guys. I’m off to work
now. Look forward to tomorrow
[09:01 am] joeytsa -: this is a great place
anthonyb.
[09:02 am] anthonyb : yes it is. I will
learn a lot inhere
[09:02 am] gecko : drudgereport: debt talks
breakdown
[09:02 am] joeytsa -: you can also get
premarket gaps at the nasdaq site
[09:02 am] wychy : xterem – is that a
special subscription for premarkt?
[09:02 am] xtremetrader : It gives me an
idea of some stock to be looking at when the
market opens
[09:02 am] xtremetrader : wychy true
compared to tc2000 when market is open but I
like it premarket for gaps up and down
[09:03 am] anthonyb : thank you you’re a big
help. over and out
[09:03 am] joeytsa -: top 10 for most
active,most advanced, most
declined..free[09:04 am] wychy : joey-
cheers mate, chk it out tomorrow.
[09:04 am] xtremetrader : wychy no cost on
IB you just have to configure to allow
premarket figures. tc2000 does not offer
premarket at all
[09:05 am] wychy : xtreme – big strike
against tc2k then
[09:07 am] xtremetrader : wychy darn right
but I love what I can do with the charts
(colors, indicators, time settings, etc.)
Another negative is you can’t use it on
multiple screens
[09:08 am] wychy : their release version
will have multiscreen ability
[09:08 am] wychy : xtreme – tested beta last
night and they now have floating watchlist
and charts..
[09:09 am] wychy : ….that’s their tech
lady said anyway. just be due for release end
of this qrtr but no confirmed date
[09:09 am] wychy : tc2000.com/beta
[09:10 am] wychy : ….so should be
imminent.
[09:11 am] wychy : They use Microsft
Silverlight which can be moody sometimes. Not
sure how good stable multiscreen version
would be
[09:11 am] xtremetrader : Thanks wychy will
check it out tonight. Guessing that was
Julia you talked to. I attended one of their
seminars but it was sure fast moving
[09:12 am] wychy : ….didn’t get lady’s
name but she had an American accent if that
narrows it down any 🙂
[09:12 am] xtremetrader : A lot of us have
been asking for that and pre and post market
data so maybe that will be forthcoming in the
near future
[09:13 am] xtremetrader : LRCX broke below
support
[09:14 am] wychy : Telecharts 2007 does show
premrkt (?) price but only as a cursor on
price scale.
[09:15 am] derns : TSL…is it consolidating
for an upward or downward move?
[09:15 am] rusty : POTG ss radar
[09:15 am] xtremetrader : I’ll look at
tc2077 tonight also
[09:15 am] xtremetrader : make that
tc2007
[09:17 am] dmitry : alright have to head out
here see you all tomorrow… have a great
rest of the day… make lots of money!
[09:18 am] wychy : Xtrem – what do the
Teachers here use?
[09:20 am] xtremetrader : wychy I don’t
know
[09:22 am] wychy : MitchK – any chance of
running a mrkt timer (NYSE Time) at the top
so i know i haven’t dropped a connection
[09:23 am] wychy : MitchK – i saw earlier
some posting TEST making sure all was
working
[09:26 am] Mitch K: let me look into that
wychy[09:26 am] sonorant : has anyone
checked out CLX? It feels like deja vu.
[09:27 am] rusty : tia[09:30 am] joeytsa -:
if they aren’t being archived, you might try
to find previous DSR’s, the chat transcripts
have been included there
[09:30 am] rusty : CDTI got an upgrade
earlier fwiw[09:37 am] joeytsa -: I like to
go back and read the days transcripts..either
print and highlight stuff, or copy into a
notebook to learn from….
[09:38 am] joeytsa -: Mitch gave a great 1
line tip on 4/7/11, he said ” a good scalp
will have 2 trades”….noticed that a lot
yesterday and today !!!
[09:40 am] gecko : markets around
yesterday’s close
[09:40 am] joeytsa -: even after trading on
and off for over 10 years, i still like to
learn/ask questions
[09:40 am] observer : Thx, Kris ABVT l 64.10
out 65.27
[09:40 am] xtremetrader : Kris that was wild
movement on ABVT
[09:42 am] alusi : was the ABVT news to go L
or S
[09:42 am] joeytsa -: might have been both
alusi haha, happened too quick for me
[09:42 am] joeytsa -: wow ABVT crazy move,
went down to 61.20
[09:47 am] rusty : and/or swinging with a
stop
[09:47 am] rusty : XCO daily chart might be
worth watching
[09:49 am] Mitch K: interesting chart XCO
daily rusty, thanks
[09:52 am] xtremetrader : soda still
tanking
[09:57 am] xtremetrader : SODA could get a
bounce here off S3
[09:59 am] stevemld : MOS trying to
bottom
[10:00 am] rusty : RYUN alert…a little
thin and not for daytrade[10:00 am] rusty :
ss swingtrade perhaps
[10:01 am] rusty : ANX interesting as
well
[10:05 am] wychy : SODA going to 66.58 ish,
?
[10:07 am] wychy : ..looks like a no!
[10:08 am] candelas : It was a nice call by
you Kris for swing short from 75ish
[10:09 am] rockstar : that was a nice one
Kris…. BTW have had to be out of the room
for the last couple weeks
[10:10 am] Brent : you were grounded from the
room Rockstart?
[10:10 am] rockstar : just for the record
there is no pop in SODA’s step
[10:10 am] wychy : Kris – you looking at 64
on the daily?
[10:11 am] Brent : good one Rockstar, thx
[10:12 am] babak -: Kirs, are you still
holding SINA?
[10:12 am] rockstar : It is good to be
back.. Thank you very much
[10:12 am] wychy : Kris – my day fibs tell
me about 65.50 ish how do u arrive at you’re
area the peak of june8?
[10:15 am] lightning : IS ABVT shortable
here?
[10:18 am] observer : I believe CF was
yours, Kris, thx
[10:18 am] wychy : Kris – Thanks for that,
makes sense
[10:19 am] lightning : I understand that
point, Kris.
[10:19 am] rusty : Raymond James says buy
TSL here – fwiw[10:19 am] wychy : Kris – My
first day today, how do u manage all those
stocks in the first 5mins, have set up limit
orders?
[10:22 am] wychy : Do u recommend trailing
stops or hard (or depends?)
[10:22 am] wychy : Kris – Thanks, what
scanning software do u use, seems to be an
issue for a couple of us?
[10:25 am] wychy : Kris -Do u ignore MACD
and Stochs the first 2 mins then as most are
setup prior to open
[10:26 am] leo : Please tell me how to
calculate a quick stop in a hurry. I mean
which is in percent or by chart reading.
[10:28 am] stevemld : Kris ATM strategy?
[10:27 am] wychy : Kris – Do use pivots or
confluence at all or is it pure price
action?
[10:28 am] wychy : Kris – is that a tick
chart behind the main blue one?
[10:29 am] wychy : Kris – generally, should
i have 1 min and tick up what the
consensus?
[10:29 am] xtremetrader : Short again on
SODA
[10:31 am] wychy : Kris – u guys sound like
u have different styles, which would u
recommend to a newbie to daytrading[10:40
am] baz6308 : MITCH, how did you know tsl
was going back to 17.4, and most important
that it would take a couple of hours to do
it/
[10:44 am] mriguy -: watching MT
[10:44 am] rusty : JVA new lod[10:46 am]
baz6308 : you are the best thanks! MITCH
[10:46 am] Mitch K: baz, that’s a long answer
to your question but I’ve seen so many of
these charts, tens and tens of thousands. i
thought the 2nd time it would rebound would
be slower for sure
[10:46 am] stevemld : out half MOS .75
[10:47 am] gecko : 12500 again
[10:53 am] lorie : zagg[10:53 am] vans :
MOS should turn soon,
[10:54 am] mbear : Mitch were you expecting
the CF reversal at the top of this bounce
because it has retraced 50% or so of the move
down earlier today? Some other reason?
thanks
[10:54 am] niko : on eSignal Micth?
[10:55 am] rusty : but daily chart certainly
interesting
[10:55 am] rusty : XCO earnings tonite[10:56
am] gecko : anyone keeping n i on potg[10:56
am] rusty : CDTI almost at analyst target
[10:56 am] rusty : in one day
[10:57 am] rusty : u like it gecko?
[10:57 am] wychy : Kris – Did u get my
email? respond when ready i just need to know
if you’ve received it.
[10:59 am] observer : Thx, Kris LRX
[11:00 am] vans : It is my
understandin023.
[11:01 am] apple : just in time for the 2:00
reversal
[11:03 am] rusty : gecko u like POTG long or
short?
[11:07 am] gecko : rusty: was reading
emails
[11:07 am] gecko : saw potg[11:08 am] gecko
: less interested when pulled it up on my
charts
[11:08 am] gecko : their chart
[11:08 am] gecko : would wait for set up
[11:09 am] gecko : if i was forced i would
go long
[11:10 am] gecko : i agree
[11:10 am] rusty : followed by never
covering 🙂
[11:10 am] rusty : I think it’s a short into
strength
[11:11 am] gecko : 150 a big number
[11:11 am] niko : Market spiking, any news
apart of the FOMC?
[11:13 am] gecko : dow blasting through ema
200 and sma 200 5m
[11:18 am] gecko : anyone have any clue why
market is going up???
[11:19 am] rusty : GLD fast market
[11:21 am] niko : Is this a solid base for
the market to move up? Speculcation?
[11:25 am] topdogrex : Mitch XCO as swing
trade?
[11:31 am] alusi : Mos looks toppy
[11:33 am] james : Brent, yesterday I asked
about esignal and you supplied website —
checked it out last eve — leo was right —
very pricey for new trader — currently using
scottrade but about 50
[11:33 am] mbear : FCX toppy imo[11:34 am]
james : excuse hit wrong button — currently
using scottrade but often difficult to get
shares to short — what other options are
avail??
[11:35 am] joeytsa -: james…lightspeed has
a decent short supply
[11:36 am] alusi : Scottrade has been a
disappointment to me too
[11:36 am] james : thanks joeytsa will check
it out
[11:36 am] joeytsa -: also heard IB does too,
that’s all i know about IB
[11:37 am] james : alusi have you changed to
another broker??
[11:38 am] apple : lightspeed has always
been good for me as well
[11:38 am] joeytsa -: only thing about
lightspeed i don’t care for is the
charting…but you can work with it
[11:39 am] alusi : no and that’s because I
am currently have some bad intermediate
positions that I am looking to unwind
[11:39 am] james : don’t like the charting
on scottrade either, which is what started me
looking at some other options
[11:40 am] joeytsa -: schwab charting on
ssedge is ok…commissions too high though
[11:41 am] apple : I don’t use LS charting,
I use esignal and etrade[11:42 am] james :
went with scottrade because of the lower
commissions; doing fair on my trades but
often in too late out too early so lower
profit needs lower commissions
[11:43 am] alusi : I have come to the
conclusion that scottrade is a very bad
platform for daytrading[11:43 am] james :
yes alusi, I agree
[11:43 am] joeytsa -: LS, you can choose per
share
[11:43 am] joeytsa -: min of $1 ticket ie
100 shares is $1, at schwab its 9.99
[11:44 am] joeytsa -: Many schwabs ‘hard to
borrow’ are ‘easy’ at lightspeed[11:44 am]
mriguy -: CF dropping nice
[11:44 am] rusty : and that is rare
[11:44 am] rusty : Scottrade not recommended
for daytrading…might be ok for
swings…only benefit is they occasionally
have a short no one else has
[11:45 am] alusi : how’s tradestations short
inventory
[11:49 am] joeytsa -: i think i read here b4
that tradestation was decent but i have no
experience with them, just started with LS
recently..so far so good
[11:54 am] wychy : …..especially in the
first 30mins
[11:54 am] wychy : can these text boxes be
moved, ie. have forum box above and TSA box
below, then i can focus both messages same
time..
[11:55 am] kirkg : What have you guys heard
about td ameritrade?The command centers not
that good, I’m trying to get used to their
think or swim, any thoughts?
[11:57 am] aleem : hey i think the
moderators should make a “sticky” and put
info about brokerage firms up there. b/c it
will help a lot of new people..
[11:57 am] wychy : kirkg: my experience thus
far, cost! haven`t seen one platform that
will do it all on the cheap.
[11:58 am] wychy : i use IB, its cheap and
fast, charting is rubbish. non fats times of
the market try freestockcharts.com, then
focus on IB Charts when choices are
narrowed,
[11:58 am] wychy : my 2cents
[11:59 am] apple : freestockcharts is
great
[11:59 am] Brent : what would you like to
know aleem? for daytrading I recommend IB,
Lightspeed, or Tradestation with Ninja or
Esignal charts
[12:00 pm] aleem : I’m fine .. just for the
new guys and gals
[12:00 pm] Brent : ok, good idea aleem, looks
like Kris will take care of that
[12:00 pm] mriguy -: I just closed CF
[12:01 pm] apple : thx for CF – MK
[12:01 pm] rusty : POTG selling
[12:01 pm] wychy : kris: wheres the library
at?
[12:02 pm] apple : yes
[12:02 pm] gecko : yes what is that for
[12:02 pm] lisas : yes
[12:02 pm] qwert : yep
[12:02 pm] tennisball : cf s @ 149.24out
148.02
[12:03 pm] wychy : Multicharts (free) and
Sierra are decent (Sierra a bit more
complicated) $18pm
[12:05 pm] gecko : s ann[12:05 pm]
tennisball : my first day looking forward to
feeling at home with your presentation.
[12:06 pm] wychy : Kris – Documents box is
blank
[12:07 pm] apple : S ANN 25.36
[12:07 pm] gecko : in documents
[12:07 pm] gecko : would be nice if there
was an archive there to review trade ideas
[12:07 pm] joeytsa -: Mitch…good idea about
reviewing previous charts
[12:07 pm] tennisball : cf l 148.61
[12:08 pm] gecko : wow those are some big
candles on potg[12:08 pm] rusty : POTG
lod[12:09 pm] lisas : What also would be
nice is a quick reference of days previous
stocks to look at revisiting them. That was
one good thing back when the old stock box
worked.
[12:09 pm] tennisball : cf 1k out 148.78
[12:10 pm] apple : lisa, I definitely agree.
Also, in the TSA box, we used to be able to
see everything that was posted from the
morning through closing, now it only has when
we login. So, then we cannot review anything
previous.
[12:11 pm] joeytsa -: room transcripts are
given with the DSR text
[12:12 pm] lisas : This definitely much
better still!
[12:13 pm] delhi : Mitch, pls. share with
us, you are going sHOrt CF at 2:22 est rather
than at 1:51 est where all the indicators
were point down, for our learning.
plzeeeeee.
[12:13 pm] joeytsa -: sure is Lisa…love
having live charts
[12:15 pm] mbear : S FCX 54.93 out half at
54.55, looking for 54.30 target rest of
shares
[12:17 pm] qwert : mbear- thanks for
fcx[12:21 pm] alusi : Kris please when u
post alerts, could you please add your
suggested direction. I act fast on these and
usually have to start guessing and thereby
waste precious time for a quick in and
out.
[12:23 pm] mbear : drop FCX…you know you
want to
[12:25 pm] rusty : POTG at first support
area
[12:26 pm] alusi : thx. So what strategy do
u use on these alerts?
[12:26 pm] mbear : covered all remaining FCX
@54.30
[12:26 pm] niko : Market dropping very
fast
[12:26 pm] rusty : good point Kris
[12:31 pm] mbear : Lisa and apple – all of
the dialogue in the chat room can be found on
the daily stock report – works great to
review the previous day’s action
[12:34 pm] qwert : Kris- is your target for
ann short 25 area
[12:34 pm] rusty : POTG nlod[12:35 pm] delhi
: Kris, KGC for breakout tomorrow
[12:36 pm] alusi : I need to study this
modified buyout strategy and pointers
Kris?
[12:38 pm] rusty : BSBR alert – not a
daytrade[12:38 pm] rusty : weak on euro
concerns ofc[12:41 pm] rusty : acting like a
good bullshort should
[12:41 pm] rusty : JVA lod[12:42 pm] apple
: looks good on the daily, rusty
[12:46 pm] mbear : Thanks for ANN Kris – S
25.32 out 25.06
[12:46 pm] rockstar : Not interested in
taking ANN home with me. Too expensive.. S @
25.37 out at 25.07
[12:47 pm] gecko : ann nice kris thanks
[12:48 pm] delhi : SPY lod and red
[12:48 pm] qwert : kris thanks for ann[12:49
pm] apple : K, thx for ANN
[12:50 pm] gecko : out of ann[12:56 pm]
gecko : nice rev 25 ann[12:59 pm] apple :
no hitchhikers for me today, thx MK, K, B and
everyone, have a great evening
[12:59 pm] candelas : did that once
g that we should play the one minute charts
only in the direction of the 15 min or 5 min
or day charts?
[01:00 pm] mbear : thanks for another great
day TSA, traders…have a great night
[01:01 pm] observer : Good night and thanks
to MK, Brent, Kris, traders
[01:03 pm] leo : Thanks Mitch, Brent, Kris
and al traders.
[01:03 pm] wychy : Thanks everyone for ur
help.
[01:04 pm] wychy : goodby from Winnipeg!
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