August 3,
2012 rn rnTSA Moderator
Chat rn rn[06:24 am] Mitch K:
my guess is stocks wont have as deep of a
drop as we have been seeing this last 4 days
on the opening drop.
Stocks should be showing more
a bullish trend this morning.
The shorts wont mature as much
either. Bias is on the
bullish side more
today rn[06:31 am] Mitch K:
watching OMPI for bottom to
buy rn[06:32 am] Mitch K:
watching WPRT for top to
short rn[06:32 am] Mitch K:
ok, it looks like same pattern as this last
3-4 days, big
moves rn[06:32 am] Mitch K:
watching NIL for top, 33.70
area rn[06:32 am] Mitch K:
watching EOG for top to
short rn[06:33 am] Mitch K:
watching ARUN for bottom to buy
long rn[06:34 am] Mitch K:
watching MHK for bottom to
buy rn[06:34 am] Mitch K:
monitoring ATVI, not ready
yet rn[06:34 am] Mitch K:
sell signal on KCG if
long rn[06:35 am] Mitch K:
watching WLT for bottom to
buy rn[06:35 am] Mitch K:
watching ZAGG for
bottom rn[06:35 am] Mitch K:
watching VIAB for top to
short rn[06:36 am] Mitch K:
consider reducing OMPI if
long rn[06:36 am] Mitch K:
watching SKUL for bottom to
buy rn[06:36 am] Mitch K:
watching OPEN for top to
short rn[06:36 am] Mitch K:
watching LBTYA for top to
short rn[06:37 am] Mitch K:
watching V fo rbottom to
buy rn[06:37 am] Mitch K:
monitoring SRZ for
top rn[06:38 am] Mitch K:
watching CBST for top to
short rn[06:39 am] Mitch K:
cover VIAB short rn[06:40 am] Mitch K:
watching WCG for bottom to
buy rn[06:40 am] Mitch K:
watching XEC for bottom to
buy rn[06:40 am] Mitch K:
watching MHK closer for
top rn[06:41 am] Mitch K:
monitoring TSU for
bottom rn[06:41 am] Mitch K:
watching UPL for bottom to
buy rn[06:41 am] Mitch K:
watching SWN for bottom to
buy rn[06:41 am] Mitch K:
watching CXO for top to
short rn[06:41 am] Mitch K:
watching NFLX for bottom to
buy rn[06:43 am] Mitch K:
watching DNKN for top to short, take
time rn[06:43 am] Mitch K:
watching AWK for bottom to
buy rn[06:44 am] Mitch K:
watching DHI for bottom to
buy rn[06:44 am] Mitch K:
watching TOL for bottom to
buy rn[06:45 am] Mitch K:
watching CLB for
bottom rn[06:46 am] Mitch K:
just monitoring rn[06:46 am] Mitch K:
monitoring MELI for top but looks too strong
to short rn[06:46 am] Mitch K:
watching MCP for bottom to
buy rn[06:46 am] Mitch K:
watching WAG for bottom to
buy rn[06:47 am] Mitch K:
watching LPS for bottom to
buy rn[06:47 am] Mitch K:
watching WCG closer for
bottom rn[06:48 am] Mitch K:
watching homebuilders for bottom:
DHI, TOL,
PHM rn[06:49 am] Mitch K:
try for best price
though rn[06:49 am] Mitch K:
hope you covered VIAG, came back below 45,
still ok to cover rn[06:50 am] Mitch K:
looking for 32 on NILE, maybe lower, be
flexible, try covering
increments rn[06:50 am] Mitch K:
consider covering EOG if
short rn[06:50 am] Mitch K:
be flex rn[06:51 am] Mitch K:
MHK turning over nicely, looking for 68 area
on short rn[06:51 am] Mitch K:
consider selling ARUN if still
long rn[06:52 am] Mitch K: V
should move back above 130 to sell
long rn[06:52 am] Mitch K:
still liking WCG for bottom, just
waiting rn[06:53 am] Mitch K:
NILE probably goes below
32, rn[06:53 am] Mitch K:
watching SYNA for top to
short rn[06:54 am] Mitch K:
still like WCG, getting
better rn[06:54 am] Mitch K:
consider selling
NFLX rn[06:54 am] Mitch K:
consider selling SWN
long rn[06:55 am] Mitch K:
little more downside on the DNKN
short rn[06:55 am] Mitch K:
watching SYNA for top to short, dont forget
this one, keep on chart all
day rn[06:56 am] Mitch K:
still good trades today, just not as many as
Wed THurs, has same or similar
volatility rn[06:56 am] Mitch K:
try for best price to sell AWK if
long rn[06:58 am] Mitch K:
same with SWN rn[06:58 am] Mitch K:
watch NFLX for short on top of this
bounce rn[06:59 am] Mitch K:
consider selling AAP if
long rn[06:59 am] Mitch K:
more downside on
NILE rn[06:59 am] Mitch K:
68 didnt happen for MHK but watch for 2nd
helping short rn[07:00 am] Mitch K:
still monitoring homebuilders:
DHI, TOL
PHM rn[07:00 am] Mitch K:
taking MCP off
screen rn[07:00 am] Mitch K:
MCP deadsville rn[07:01 am] Mitch K:
that was best chart for long few min ago and
SYNA best short
chart rn[07:01 am] Mitch K:
looking for over 58 on
WCG rn[07:01 am] Mitch K:
consider covering
NILE rn[07:02 am] Mitch K:
when you see big move in AAP, Adsvanced Auto
Parts, you watch ORLY, Oreilly AUto Parts at
same time rn[07:03 am] Mitch K:
consider selling ATVI if
long rn[07:03 am] Mitch K:
over 20% drop today on
ZAGG rn[07:03 am] Mitch K:
still watching ZAGG but lower
priced rn[07:04 am] Mitch K:
losing patience with OMPI, good bounce but
not moving up
fast rn[07:04 am] Mitch K:
be flexible with price on WCG long, seems
stuck but no sell signal
yet rn[07:05 am] Mitch K:
or most of it rn[07:05 am] Mitch K:
yes consider selling
AAP rn[07:05 am] Mitch K:
AAP might be
topping rn[07:05 am] Ed :
monitoring ALXN see if we get
one more push towards
high rn[07:06 am] Mitch K:
sell signal on
AAP rn[07:06 am] Mitch K:
ok WCG resuming move
up rn[07:07 am] Mitch K:
definitely slower today but still very good
fishing rn[07:07 am] Mitch K:
ZAGG should get over $9 but be flexible with
your long rn[07:08 am] Mitch K:
MCP resuming uptrend, found it on another
chart rn[07:09 am] Mitch K:
ZAGG fizzling a little, consider selling
most rn[07:09 am] Mitch K:
on WPRT short rn[07:09 am] Mitch K:
looking for 37.60 on
WPRT rn[07:11 am] Mitch K:
first short on NILE was excellent, 2nd one
should be too rn[07:11 am] Mitch K:
watch for 2nd helping short on
NILE rn[07:12 am] Mitch K:
you know when i say consider selling,
something like ZAGG, use limit orders above
offer to sell most.
almost all of these stocks you can get
better prices rn[07:12 am] Mitch K:
ok to sell 1/3rd of 1/2 at market but try not
to do everything at market, you are giving up
too much money rn[07:13 am] Mitch K:
WCG turning down rn[07:14 am] Mitch K:
what i am trying to say is not everything we
see is a panic buy or a panic sell situation,
learn to \”work your
order\” rn[07:17 am] Mitch K:
consider selling
V rn[07:17 am] Mitch K:
watching ONXX for
bottom rn[07:17 am] Mitch K:
that and NILE are two best shorts at the
moment rn[07:17 am] Mitch K: i
missed posting the CTSH short earlier but
watch for 2nd helping short
soon rn[07:18 am] Mitch K:
ZAGG resurging up rn[07:18 am] Mitch K:
hope you got that 2% on NFLX short besides 3%
long earlier, NFLX over
now rn[07:19 am] Mitch K:
what i learned int he last 8 months building
Lightning system is that the buy and sell
signals come later than you think, or later
than i thought. rn[07:19 am] Ed :
getting pulllback in
SPY rn[07:19 am] Mitch K:
when i posted ZAGG comment earlier at 709am,
that it is fizzling to consider selling
most….. there was no sell signal yet.
that was anticipating. in
the long run, best to wait for sell signal
and over time that will far outperform than
anticipating rn[07:20 am] Mitch K:
that is especially true with
stocks rn[07:21 am] Mitch K:
anyone take LPS long, watch closer to sell
soon rn[07:22 am] Mitch K:
the WCG chart isnt as good of a short as I
like gregs, something like CTSH
is what i like for 2nd helping short or
NILE rn[07:23 am] Mitch K:
like it is since i started wrirting
this rn[07:23 am] Mitch K:
NILE was just below 36 and dropped to below
32 on first drop, you look for
those rn[07:23 am] Mitch K:
on WCG you got a stock that dropped from
62.40 to 55.50 area and only bounced $2 or so
and that is not gone up enough to look for
short, odds are for the long side to continue
moving up rn[07:24 am] Mitch K:
on something like WCG, and fact it is a NYSE
stock, healthcare, big drop down today from
open to low, i\”d look around 59.50
area rn[07:24 am] Mitch K:
gregs, you probably should study fibbonacci
theory rn[07:25 am] Mitch K:
let me show you what im talking
about rn[07:25 am] Mitch K:
im saying you will be fighting something like
WCG on the short side if you short down so
low rn[07:27 am] Mitch K:
not comparing the two, just want to watch two
at a time rn[07:27 am] Mitch K:
chart on left is WCG, chart on right is
ZAGG rn[07:28 am] Mitch K:
it just dropped $7.50 a
share rn[07:28 am] Mitch K:
you short down there and odds are
bad rn[07:28 am] Mitch K:
when you have a deep drop like this from
around 63 to 55.40, you dont want to be too
eager to short soon like where you were
saying WCG is a good
short rn[07:29 am] Mitch K:
and it only bounced up
$2 rn[07:30 am] Mitch K:
also, i see you are talking about trading
using tick charts, thats really tough going
using tick charts, gets very confusing
switching back and forth.
easy to become a mental case after an
hour or two rn[07:31 am] Mitch K:
its not a sustainable lifestyle let alone it
is NOT near as profitable. i
think it is a myth, a misconception about
what good trading is
about rn[07:31 am] Mitch K:
guys, let me say, with intent of helping, not
trying to beat you up… but trading doesnt
have to be a nail biting, stressful job all
6.5 hours a day. rn[07:33 am] Mitch K:
SYNA turnign over nicely
now rn[07:34 am] Mitch K:
its SYNA,
SYnaptics rn[07:34 am] Mitch K:
you can have periods of trading where it is
time sensitive and you have to be decisive
and move quickly
but rn[07:35 am] Mitch K: i
dont know what your opinions are but this
week is one of the best day trading weeks in
a year, for sure rn[07:35 am] Mitch K: i
havent been watching SINA
yet rn[07:36 am] Mitch K:
for sure it is computer generated
orders. when i watch how many
stocks are coming across the various scanners
i use, it was really unusual the first 30
min rn[07:36 am] Mitch K:
im not totally sure what is happening to
cause such volatility. i
dont buy the story that it is all KNight
Trading\”s doing.
stocks are over exaggerated moves,
which is what we want in order ot make
money rn[07:37 am] Mitch K:
on MOnday, i thought something may be wrong
with internet or datafeed but all datafeeds
kept showing same and internet speed was over
50 mbps download
speed rn[07:37 am] Mitch K:
first 10 min, i knew it was same as THursday,
Wednesday, Tuesday. i
noticed a pattern change on Monday
morning rn[07:38 am] Mitch K:
nothing big, no big positions gregs, best to
be on simulator when starting
out rn[07:38 am] Mitch K:
consider selling DLB, watch for short, quick
one, try 32.80
area rn[07:39 am] Mitch K:
important point on CTSH if it goes to new
highs for day or turns
over rn[07:39 am] Mitch K:
in that first 30 min, if you are proficient
at trading now, you can take more of a
shotgun approach going after more ideas.
RIght now, an hour later, i like to
take rifle approach with good scope, sniper
style trading rn[07:44 am] Ed :
getting pullback in
SPY rn[07:48 am] Ed : good
eye murano on SWN rn[07:49 am] Ed :
watching SWN for
bounce rn[07:50 am] Mitch K:
same with LPS rn[07:50 am] Mitch K:
consider covering DLB if you took the short
on top of bounce rn[07:59 am] Ed : dont
like how its trading, did that to get ahead
of trade rn[07:59 am] Mitch K:
can you guys answer this poll really
quick? rn[07:59 am] Ed : I
reduced 3/4 SWN
long rn[08:00 am] Mitch K:
or did they go to work
already rn[08:00 am] Mitch K: i
kept thinking most people lived on east
coast rn[08:01 am] Mitch K:
ok thanks rn[08:09 am] Mitch K:
this is why i asked you what time zone
because this chart is EUR/USDollar and gets
active very early in
morning rn[08:10 am] Mitch K:
hodl times are 20-30 min and not near as
critical on
execution rn[08:10 am] Mitch K:
these are big moves and the hold times are
longer so not psycho trading like CL (Crude
oil) can be rn[08:10 am] Mitch K: i
cant trade at 4am pacific time but you
eastern and central guys can handle
that rn[08:12 am] Mitch K:
if you are blind, that will be impossible but
being deaf can still
work rn[08:12 am] Mitch K:
if you are deaf, that will be harder because
you wont hear the
sounds rn[08:12 am] Mitch K:
and this is one thing you can multi task
really well, as long as you have
hearing rn[08:12 am] Mitch K:
that is profit on 1
contract rn[08:13 am] Mitch K:
and you wont get a lot of \”false
signals\” and the few that i
see are tiny profits to
breakeven rn[08:14 am] Mitch K:
you dont have to know a lot about forex
except how to set up your order screen, get
correct pair loaded in order field, how many
contracts, buy on green arrow/sound and sell
on red rn[08:15 am] Mitch K:
but it wont take much adjustment to fit it in
with yoru stocks. i
think with this system, stocks will become
much more profitable but you can add another
financial instrument, like this pair here,
EUR/USD and do very very well in addition to
stocks rn[08:16 am] Mitch K:
let\”s be real truthful here, what we need
is more ideas after that first 90 minutes,
you agree? and thats the beauty
about this rn[08:17 am] Mitch K:
CL (crude oil) has been dead for weeks, hard
to concentrate so we switch up and find whats
moving and
tradable rn[08:17 am] Mitch K:
its not that i dont want to talk to you all
day but i\”d rather talk when we have good
trades going rn[08:19 am] Mitch K:
those green adn red arrows are embedded in
candles, working on
that rn[08:20 am] Mitch K:
you have other charts open anyhow on
instruments and you will find out from others
in the trading room what is moving
anyhow rn[08:20 am] Mitch K:
so if something slows down like EUro is a
little slow this last 40 min, switch
up rn[08:22 am] Mitch K:
you guys think you can handle
this? rn[08:23 am] Mitch K:
but you go by sound
anyhow rn[08:23 am] Mitch K:
so the arrows show up here, same exact chart
as before, GOld rn[08:23 am] Mitch K:
you can adjust the arrows, same chart but im
trying to make it so you dont have to adjust
anything rn[08:24 am] Mitch K:
then look at
chart rn[08:24 am] Mitch K:
then look on this alert
window rn[08:24 am] Mitch K:
since you have alot of charts open you cant
spend time looking around for which chart
gave the signal so dont look for visual arrow
first, go for
sound rn[08:24 am] Mitch K:
again, so whatever chart you have open will
give signals and show up here with
sound rn[08:25 am] Mitch K: i
will show you how to use
this rn[08:27 am] Mitch K:
just try to use this tool to improve your
workflow, and rely on procedures that are
easily repeatable.
WOn\”t require as much thinking,
virtually no interpretation of
indicators. IMPORTANT:
Anytime you change your procedures, or
use no indicators, charts or a system like
this, you must use a simulator to
practice. i think about 3-4
weeks for most people will be enough time to
adapt rn[08:28 am] Mitch K:
how do you safely make more money in our
business? rn[08:28 am] Mitch K:
like ive mentioned before, this increases the
amount of positions you can manage and let
the odds play out by following signals.
I will show you in webinar and seminar
how to trade stocks, futures, forex using
this tool. rn[08:29 am] Mitch K:
you put more money in same idea, your risk
goes up. this method your risk
goes down and income goes up with higher odds
of winning rn[08:29 am] Mitch K:
ANSWER: managing more
positions, not more money in same
idea rn[08:34 am] Mitch K:
what do you think your emotional state will
be like when you stop doing bad behavior of
putting high amounts of money in one stock in
proportion to your account size and divide it
up to 5-6 stocks at a
time? with the 5 open
positions very likely being more
profitable. lower stress, more
sustainable lifestyle, easier steps to
manage. rn[08:36 am] Mitch K:
instead of feeling like you missed out on
that one good trade idea you didnt take . . .
. your mindset becomes you know you will have
a few more ideas come along to open and this
allows you to make profits on stocks that
were difficult to make profits from
manually. rn[08:44 am] Mitch K:
on left rn
| August 3,
2012 rn rnUser
Chat rn rn[06:19 am] mikewd2 -:
your right rn[06:20 am] doji : But the bid/ask is
18.01/20.60… big
spread rn[06:20 am] mikewd2 -:
yeah, that\”s
typical rn[06:20 am] mikewd2 -:
earnings on the
8th rn[06:22 am] doji : Crude at
90 rn[06:22 am]
totora : can u see pre
market in Tradestation
?? rn[06:22 am] mikewd2 -:
yes rn[06:22 am] Ed :
yes rn[06:23 am] mikewd2 -:
under the sessions
button rn[06:23 am] doji : KCG
moving rn[06:23 am] mikewd2 -:
you can select what
timeframe rn[06:23 am] mikewd2 -:
go KCG go rn[06:24 am] Ed : click
on any chart at top u will see 2 clocks click
on one on left and u will see the
intervals rn[06:24 am] doji : LNKD going higher
today. Doesn\”t i have a P/E fo around
400? rn[06:24 am] doji : Thanks
Mitch rn[06:25 am]
totora : thx got
it rn[06:25 am]
joeytsa : p/e means nothign
to traders rn[06:26 am] doji : I agree Joey, just
trying to show LNKD P/E vs. FB P/E
(~75) rn[06:26 am]
totora : P/E physical
exercise… rn[06:26 am]
joeytsa : gota
doji rn[06:26 am] Ed : hey
joey I know u are but what am
I rn[06:27 am]
joeytsa : obama just called
me..he said I didnt trade that
haha rn[06:27 am] Ed :
lol rn[06:27 am] mikewd2 -:
nice move in SNE this
morning rn[06:27 am] doji : Joesy, tell Obama
to stope making up the job numbers
please rn[06:27 am] mikewd2 -:
still long from 11.02 from
yesterday rn[06:27 am]
skydiver : gm
all rn[06:27 am] rusty :
gm rn[06:27 am]
joeytsa : he will in 3
months rn[06:27 am] rusty : watching
ROSG rn[06:28 am] doji : LNKD, APPL, SLB all
moving high in the last
minutes rn[06:28 am] doji : Buy, buy, buy….
hahaha rn[06:29 am] doji : That is probably
what Crammer will yell
today rn[06:30 am] rusty : shorting WFM into
strength rn[06:31 am] mikewd2 -:
KCG secured
financing rn[06:31 am] rusty : covered remainder
of TLT from yesterday
+2 rn[06:32 am]
skydiver : monitoring CRM –
missed the short rn[06:32 am] rusty : shorting SHW into
strength rn[06:33 am]
skydiver : 3/4 out of CRM
L rn[06:34 am] doji : All out KCG
L rn[06:34 am] mikewd2 -:
out KCG 3.43 plus
$1 rn[06:34 am] mikewd2 -:
me too doji rn[06:34 am] doji : hahah right at the
top Mike on KCH rn[06:34 am] doji :
KCG rn[06:34 am] doji : Seems they were
waiting for your oder to
reverse rn[06:34 am] mikewd2 -:
yeah, it hit me i hard target in when i
bought rn[06:34 am]
skydiver : nice mike and
doji rn[06:34 am] mikewd2 -:
i know, got lucky rn[06:35 am]
skydiver : all out of CRM
L rn[06:36 am]
skydiver : LNKD still
climbing rn[06:37 am] doji : LNKD
S rn[06:38 am] mikewd2 -:
no shares SRZ at
TS rn[06:38 am]
totora : no shares to short
wWPRT rn[06:38 am]
skydiver : none at lightspeed
either mike on
SRZ rn[06:39 am] mikewd2 -:
should be a good short then sky –
haha rn[06:39 am]
skydiver :
🙂 rn[06:39 am]
totora : I wanted to short 4
stocks and none
available rn[06:39 am] mikewd2 -:
Ed, what\”s the word on the prop
firm? rn[06:40 am]
cdougan : Watching
MCP rn[06:41 am] doji : NFLX new
lod rn[06:42 am] rusty : covered
SHW rn[06:44 am] doji : AAPL double
top rn[06:44 am] doji : Watching
FSLR rn[06:44 am]
totora : trying to short
NFLX 3 days and no
shares rn[06:44 am]
skydiver : DLB –
monitoring rn[06:44 am] mikewd2 -:
MCP still falling rn[06:45 am]
joeytsa : lightspeed has NFLX
shorts rn[06:45 am]
murano :
WAG rn[06:46 am] doji : SPY
hod rn[06:46 am]
skydiver : L MCP
12.66 rn[06:47 am]
joeytsa : nice trades
today rn[06:47 am] doji : Nice
Joey rn[06:47 am] doji : still
wtching rn[06:47 am]
skydiver : out 1/2 MCP
L rn[06:47 am]
skydiver : out another 1/4 MCP
L rn[06:48 am] shark : consider options
totora – NFLX rn[06:48 am]
joeytsa : OPEN just
beautiful rn[06:48 am]
joeytsa : tighten if
long rn[06:48 am] mikewd2 -:
nice one joey rn[06:48 am] doji :
? rn[06:49 am] doji :
VIAG? rn[06:50 am]
joeytsa : watching EOG @
105 rn[06:51 am] apple : good morning
all rn[06:51 am]
skydiver : gm
apple rn[06:51 am]
joeytsa : hi
apple rn[06:52 am] apple : hey
sky rn[06:52 am] apple : hey
joey rn[06:52 am] apple : gm
doji rn[06:52 am] apple : gm
mike rn[06:52 am] rusty : FSLR
lod rn[06:52 am]
skydiver : stopped out of my
last 1/4 of MCP rn[06:53 am]
skydiver :
L rn[06:53 am] rusty : covered remainder
of FSLR from
yesterday rn[06:54 am]
joeytsa : ISM
non-manufacturing pmi in a few
minutes rn[06:54 am]
skydiver : CRM slow
climb rn[06:54 am]
joeytsa : yeah sky, i stayed
away rn[06:54 am]
skydiver : good wisdom
joey rn[06:55 am]
skydiver : too many other
better ideas rn[06:55 am]
joeytsa : not sure about
that, missed a decent slow climb
haha rn[06:55 am]
aussie123 :
LEN rn[06:55 am]
skydiver :
🙂 rn[06:55 am]
joeytsa : DLB still making
lower highs rn[06:56 am]
skydiver : thnx Mitch – on
SYNA info rn[06:56 am]
joeytsa : thanks
Mitch rn[06:56 am]
skydiver : glad I had a tight
stop on my MCP L on final 1/4 position
– rn[06:57 am]
joeytsa : smart
🙂 rn[06:57 am] mikewd2 -:
SYNA S rn[06:57 am] rusty : sold SAN from
yesterday +1/2 rn[06:57 am]
joeytsa : BIDU/AMZN testing
resistance rn[06:58 am]
skydiver : nice
rusty rn[07:00 am] apple : very nice
rusty rn[07:00 am] mikewd2 -:
great, just went long on MCP
12.50 rn[07:00 am] mikewd2 -:
haha rn[07:00 am]
joeytsa : better ISM
# rn[07:01 am] gregs : ATVI, should i
scale final 1/4? rn[07:01 am] mikewd2 -:
covered SYNA short, thanks
Mitch rn[07:01 am] doji : At this pace
we\”ll end up with the SPX at 1400
today rn[07:02 am] doji : Watching
FSLR rn[07:03 am] apple : ES over
1385 rn[07:03 am] doji : Addind to my short
in FB rn[07:03 am] mikewd2 -:
could be good doji, if it breaks
20 rn[07:04 am] doji : I shorted it at
20.5 rn[07:04 am]
murano :
ZAGG rn[07:05 am] apple : thx
murano rn[07:06 am] mikewd2 -:
KCG gave another nice move up and i missed
it rn[07:06 am] doji : KCG double
top rn[07:07 am] rusty : so now we know why
market AND vix were down
yesterday rn[07:07 am] doji : AAP
Short rn[07:07 am] doji :
LEN rn[07:07 am] mikewd2 -:
added to MCP long
12.75 rn[07:08 am] apple : ES hit
1387 rn[07:08 am] gregs : i need another
fish! rn[07:09 am]
joeytsa : better grab another
worm 🙂 rn[07:09 am] gregs : hehe
🙂 rn[07:09 am] shark : FB retesting 20
area rn[07:10 am] doji :
Shark! rn[07:10 am] doji : FB needs to break
20 rn[07:10 am] rusty :
needs? rn[07:11 am] shark : hi
doji! rn[07:11 am] doji : Needs if you want
to profit on the short
side rn[07:12 am] apple : thx for the
reminder MK rn[07:13 am] apple : hey
shark rn[07:13 am]
joeytsa : right
Mitch rn[07:15 am] shark : hi apple
🙂 rn[07:15 am] qwert : monitoring
yum rn[07:17 am] qwert : no nile at
lightspeed rn[07:18 am] shark : got the NFLX, Mitch,
thx! rn[07:20 am] gregs : another buy on
NFLX?
hm rn[07:20 am] shark : PCLN at
hod rn[07:20 am] gregs : stoch crossover,
macd bottom, impulse move
up rn[07:20 am] Mitch K:
move on to another stock gregs, forget
NFLX rn[07:20 am] gregs : kk
🙂 rn[07:21 am] gregs : WCG short
working rn[07:22 am] rusty : LOGM
radar rn[07:22 am] apple : MELI nice move up
today rn[07:22 am] shark : yeah,
apple rn[07:22 am] akram :
yes rn[07:23 am] rusty : LOGM
alert rn[07:23 am] apple : thx
rusty rn[07:23 am] gregs :
50t rn[07:24 am] gregs : got it, will
definitely do some
reading… rn[07:25 am]
joeytsa : trading stocks on
tick charts can be a bit tricky
also rn[07:25 am] shark : nice,
Mitch rn[07:25 am] apple : what timeframe
joey rn[07:25 am]
joeytsa : he said
50T rn[07:26 am] gregs : sure, i\”m all
ears rn[07:26 am] gregs : especially after
that short blew by my
entry rn[07:27 am] apple : nice
MK rn[07:28 am] shark : cool,
MK rn[07:28 am] gregs : joey, yes that was
for a tick chart… which can definitely be
dangerous… overtrading and premature
exits rn[07:28 am]
joeytsa : thats what i mean
greg rn[07:29 am] gregs : think i should
switch to minute charts after
30m rn[07:30 am] apple : i have been using
500, 1000 and 4500 tick charts on the
ES rn[07:30 am] gregs : mitch, would you
say the 50% level is much better odds
then? rn[07:31 am]
joeytsa : yeah apple, tick
charts are cool with
ES rn[07:31 am] gregs : joey, do you use
tick charts? rn[07:31 am]
joeytsa : only on
ES/CL rn[07:32 am] apple : made sense to me,
but mostly looking at the 5
min rn[07:32 am] shark : AAPL testing
hod rn[07:32 am] apple : i agree MK, we make
it more difficult than we need
to rn
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