[06:16 am] Ed : good morning
traders [06:26 am] Mitch K: Dow30 futures
are down about 68 points [06:26 am] Mitch
K: crude oil is up quite a bit this morning,
probably caused by that NY regulators attack
on stanbury who has ties with Iran. [06:27
am] Mitch K: i got a good one for guys.
the French President Hollande vows to enact a
75% tax against those who make above $1.5
million USDollars. Hollande and Obama
are friends [06:29 am] Mitch K: ROSE, IAG,
PAY FSYS other gap downs [06:29 am] Mitch
K: WPZ gap down this morning [06:30 am]
Mitch K: watching SODA for short [06:30
am] Mitch K: monitoring PAY [06:31 am]
Mitch K: SNTS spiked down below 5 [06:31
am] Mitch K: watching SAPE for bottom to
buy [06:31 am] Mitch K: take time on
JIVE [06:31 am] Mitch K: watching JIVE for
bottom [06:32 am] Mitch K: watching TIF
for bottom to buy [06:32 am] Mitch K:
watching CSC for top to short [06:32 am]
Mitch K: watching GPOR for top to
short [06:32 am] Mitch K: watching CREE
for bottom [06:33 am] Mitch K: watching
CREE closely [06:33 am] Mitch K: watching
jIVe closer [06:34 am] Mitch K: watching
EXPE for top to short [06:34 am] Mitch K:
watching RIMM for top to short [06:34 am]
Mitch K: watching JAZZ for bottom to
buy [06:35 am] Mitch K: watching CLH for
top to short [06:35 am] Mitch K:
monitoring MNST for bottom to buy [06:36
am] Mitch K: watching MOLX [06:36 am]
Mitch K: best price [06:36 am] Mitch K:
Watching XL to short soon here [06:36 am]
Mitch K: GPOR toppy [06:37 am] Mitch K:
watching NUS again today for bottom to
buy [06:37 am] Mitch K: watching IACI for
bottom to buy [06:39 am] Mitch K: watching
SPPI for bottom to buy, should be good
one [06:40 am] Mitch K: someone check
news [06:41 am] Mitch K: watching IFF for
top to short [06:41 am] Mitch K: watching
JAZZ for bottom to buy, try under
48 [06:41 am] Mitch K: Spectrum reports Q2
FUSILEV revenue $56.6M 07:12 EDT
SPPI theflyonthewall.com: Spectrum
reports Q2 adjusted EPS 37c, consensus
32c Reports Q2 revenue $68.7M,
consensus $63.4M. THi sis for SPPI [06:42
am] Mitch K: watching for short on PDCE
soon [06:43 am] Mitch K: looking for 22.60
area to cover XL, be flexible [06:47 am]
Mitch K: watching JAZZ closer [06:48 am]
Mitch K: watching ETE for short on top of
bounce [06:49 am] Mitch K: consider
selling SNTS gradually [06:49 am] Mitch K:
hope you guys did ok on CREE, got out near
27 [06:49 am] Ed : monitoring TOL for
potential short let it run and
setup [06:50 am] Mitch K: watching SINA
for bottom to buy [06:51 am] Mitch K: CLH
short on top of bounce now [06:52 am]
Mitch K: consider selling IACI if
long [06:53 am] Mitch K: looking for 57.35
on EXPE short, be flexible [06:54 am]
Mitch K: watching NXTM for bottom to
buy [06:55 am] Mitch K: watching ENOC for
top here to short, sell best price
here [06:56 am] Mitch K: SPPI trying to
bounce [06:59 am] Mitch K: more downside
on RAX, prefer rebound to sell short
into [06:59 am] Mitch K: SPPI bounce
fizzling out on us [07:00 am] Mitch K:
consider selling ETE If long [07:00 am]
Mitch K: before shorting TDW [07:00 am]
Mitch K: more downside in TDW, prefer rebound
over 52.20 [07:01 am] Mitch K: IFF short
acting well, deceptive because
scaling. [07:02 am] Mitch K: consider
covering CLH if short [07:04 am] Mitch K:
consider covering EXPE soon [07:08 am]
Mitch K: anyone still short IFF [07:09 am]
Mitch K: consider selling JAZZ
gradually [07:19 am] Ed : monitoring SODA
for bounce no hurry [07:20 am] Mitch K:
JAZZ still holding up well [07:22 am]
Mitch K: still no signal to cover IFF
yet [07:23 am] Mitch K: NXTM
bouncing [07:24 am] Mitch K: consider
covering IFF [07:24 am] Mitch K: no signal
to buy to cover RIMM yet [07:25 am] Mitch
K: if long [07:25 am] Mitch K: sell
JAZZ [07:26 am] Mitch K: watching STEC,
low priced but good chart pattern [07:26
am] Mitch K: SPPI worth monitoring [07:36
am] Ed : getting nice pullback in
SPY [08:07 am] Mitch K: sort of like
stocks like NFLX, GMCR [08:07 am] Mitch K:
RIMM was a short that is easy to
trust [08:13 am] Ed : SPY new
hod [08:29 am] Ed : monitoring TDW see if
the lod holds 49 [08:30 am] Ed : thx joey
for mention of TDW [08:33 am] Ed : missed
taking short breaking lod [08:37 am] Ed :
if u took TDW long would reduce [08:58 am]
Ed : SPY pulling back [09:30 am] Mitch K:
want to go through a few charts? [09:35
am] Mitch K: IFF [09:35 am] Mitch K: this
one was posted earlier to watch for top to
short [09:36 am] Mitch K: about 70 cents
on 62 stock maybe 1.2% profit [09:37 am]
Mitch K: SODA gave good trades today, last
two was big short and long bounce [09:38
am] Mitch K: $1.20 profit on this short for
$40 stock is around 2.5% profit, good one,
followed by 1.2% profit on long [09:39 am]
Mitch K: we are looking for big movers to use
this tool, not interested in trading stocks
when it flatlines, look at garbage trades on
right, not interested [09:40 am]
Mitch K: am i right or right? [09:40 am]
Mitch K: that principle is same whether you
use this tool or you trade on your
own [09:40 am] Mitch K: dont this tool as
taking every trade, only take trades when you
see movement, lot of volatility [09:41 am]
Mitch K: there is a green arrow hidden behind
that candle in blue circle [09:41 am]
Mitch K: this is gold today [09:42 am]
Mitch K: i believe this is TEsoro, TSO, oil
refinery [09:43 am] Mitch K: this last
chart is EXPE, Expedia [09:44 am] Mitch K:
mentioned at 634am to look for top in EXPE
for short [09:45 am] Mitch K: i gave a
forecasting price on this but was way
off. it kept going down down
down [09:45 am] Mitch K: almost $3 on a
$57 stock is about 5.6% profit
[09:46
am] Mitch K: i use both, im always switching
back and forth [09:47 am] Mitch K: i think
ive mentioned that a lot to use both time
intervals jason [09:48 am] Mitch K: a
longer time interval filters out a lot of
noise and overall, i think you make more
money on the 2 min but use 1 min to execute
at better price when close to top and
bottoms [09:48 am] Mitch K: just to
repeat, a shorter time interval will give you
more signals because it is more
sensitive [09:50 am] Mitch K: jason, this
isnt going to be that difficult, easiest
trading ive ever seen [09:51 am] Mitch K:
dont fight yourself, i can see you arguing
with yourself. got to learn how to be
flexible, use this tool. you just
practice and you will learn how to use
it. [09:53 am] Mitch K: when you are all
wound up in your head, tighter than a drum,
you wont perform well at anything. you
guys notice these olympic champions, the
medalists, are loose but focused? you
notice those gymnasts that are tight,
nervous, upset, scared, all the worries . . .
. affects their performance? [09:58 am]
Mitch K: its no different with trading but
using a tool like this really changes
things. your activity you do using this
tool changes from wondering if you are
interpreting indicators correctly, what the
timing is to buy or sell to a different set
of actions required. look for high
volatility stocks, load chart, listen for
sound, execute appropriate order, listen for
closing audio signal while looking for other
high volatility stocks, repeat
process [09:59 am] Mitch K: but again, do
this with a lot of practice because any
change in procedures must be well practiced
before using money [10:00 am] Mitch K:
good job on FOSL qwert [10:02 am] Mitch K:
Qwert gave us 1 min advance notice of FOSL
before buy signal was given [10:03 am]
Mitch K: keep repeating that
process [10:03 am] Mitch K: thats exactly
what you do, as soon as you see a mover, put
it in lighting chart and wait for
signal [10:04 am] Mitch K: that was almost
90 seconds before the signal [10:05 am]
Mitch K: now, add other chart with 2 min next
to it [10:05 am] Mitch K: this is exactly
what you are supposed to do ESPECIALLY in the
first 90 minutes of each day. [10:07 am]
Mitch K: i dont think it takes you that long
to adjust to this [10:07 am] Mitch K: 1
min on left, 2 min on right [10:07 am]
Mitch K: maybe 2-3 weeks, whenever you are
comfortable [10:08 am] Mitch K: will
develop for tradestation next [10:08 am]
Mitch K: yes murano [10:08 am] Mitch K:
you can build a 1 and 2 min chart but if you
have 15-20 chart windows you are going to
hear a lot of signals on audio [10:08 am]
Mitch K: the 1 min chart gave a 956am buy
signal, the 2 min chart gave 9:58am, so you
switch [10:09 am] Mitch K: we are trying
very hard to release just after Labor day but
it takes a lot of testing. [10:10 am]
Mitch K: continue to use TS on execution but
use the Lightning in Ninja [10:11 am]
Mitch K: the biggest problem i think you all
will have is controlling your greed
gland [10:11 am] Mitch K: im gradually
trying to teach you guys how to use it now so
it will be easier transition for you
later [10:12 am] Mitch K: that gland is
somewhere in your neck area but for Tiger
woods it might be between his legs [10:13
am] Mitch K: 2 min just appeared
now [10:13 am] Mitch K: not sure why the 1
min didnt come up sooner [10:13 am] Mitch
K: chart on left is FOSL on 30 seconds and
that gave sell signal quite a bit
earlier, [10:13 am] Mitch K: if you want
you can switch to a shorter time interval to
get more sensitive signals, like 30 secons,
let me show you that [10:14 am] Mitch K: i
forgot how many trades at a time you guys do,
le tme do a poll and see again. [10:16 am]
Mitch K: ok since most of you do 2 open
trades at a time, this will be easily
manageable. [10:16 am] Mitch K: note a buy
to cover signal on the FOSL trade on 30
second chart on left [10:17 am] Mitch K:
this is HUM, qwert qlert [10:17 am] Mitch
K: ok, common sense now, see this FOSL
trade… makes no sense to me to go long so
you use that signal to buy to cover a short,
not necessarily to go long [10:18 am]
Mitch K: AND wont give much profit [10:18
am] Mitch K: ok first impression on HUM, this
is going to take a while [10:18 am] Mitch
K: because someone posts an idea does not
mean it is ready to take action [10:18 am]
Mitch K: alert [10:19 am] Mitch K: best
thing to do with HUM is wait for a pullback
and look for buy entry, [10:19 am] Mitch
K: why? look at the chart for whole day
so far, hardly pulled back, the pullback on
this stock is maybe 25-30 cents before buyers
step in, maybe 65.75 at most and i see its a
stock that i would be fighting all the time
trying to short it [10:20 am] Mitch K:
now today is fairly slow but better than
MOnday. Yesterday was better action,
last week was outstanding [10:20 am] Mitch
K: i like the kind of stocks we see in first
hour, the ones i showed you IFF, SODA, TDW,
TSO, EXPE [10:20 am] Mitch K: im
personally not itnerested in HUM
yet [10:21 am] Mitch K: when we see a
stock this time of day, be more cautious and
be picky about what trades you take
now. [10:22 am] Mitch K: this is a
marginal trade idea and i take a quick glance
and decide if i am going to pursue it or even
watch it [10:22 am] Mitch K: the
calculations are marginal now, going back and
forth between signal [10:23 am] Mitch K:
to buy [10:23 am] Mitch K: ok, its late to
buy here, try for under 39.40 [10:23 am]
Mitch K: this is more itneresting to
me [10:23 am] Mitch K: this is
SODA [10:25 am] Mitch K: not real active,
SODA [10:25 am] Mitch K: it doesnt have a
lot of volume right now [10:25 am] Mitch
K: now what i do is put in a limit order try
39.70 to 39.72 for most of long
position [10:29 am] Mitch K: maybe 35-40
cents on this is good [10:29 am] Mitch K:
remember you arent trying to make big profit
percentages this time of day [10:30 am]
Mitch K: plus you can mentally or visually
see it is half the drop so fibonacci studies
say that is really good to hit 50%
retracement [10:31 am] Mitch K: let me
show you another chart, i got to expand size,
just a sec [10:31 am] Mitch K: not a stock
symbol [10:31 am] Mitch K: SP 500 minis
futures [10:33 am] Mitch K: good trades
today on Corn [10:34 am] Mitch K: do you
have to be an expert with commodities,
futures, forex? no. [10:35 am] Mitch
K: you dont go back like im doing now to look
for signals, its already over, too late,
lol. but im showing you it stores
the trades [10:35 am] Mitch K: whatever
charts you have open is what will show up on
this alert window [10:35 am] Mitch K: here
is all i need to know about corn. audio
sound, shows up on alert window as green or
red. buyon green, sell on red [10:36
am] Mitch K: hope that helps you [11:18
am] Ed : getting some sellers inSPY [12:06
pm] Ed : good eye joey on STX [01:00 pm]
Ed : have a great night traders [01:03 pm]
Mitch K: later guys
| [06:16 am] joeytsa : gap down:
FOSL<PCLN,EXCH,MCD,RL [06:17 am]
gregs : morning ed [06:17 am]
victor51 : good morning [06:18 am]
doji : Good morning fellas [06:18
am] mikewd2 -: nice gap up in DF
also [06:18 am] doji : Watching only
EZCH and DF for gaps [06:19 am] doji
: and obviuosly PCLN [06:20 am]
scalpman : Joey EXCH? [06:20 am]
joeytsa : EZCH [06:21 am]
joeytsa : but that is on the bottom of
my list 🙂 [06:21 am] gregs : joey,
i read your gappers strat last
night [06:21 am] gregs : thanks
🙂 interesting [06:21 am]
joeytsa : RL already moved $3 [06:22
am] joeytsa : no prob greg, a bit
dated..but the concept is the same [06:22
am] gregs : do you think you could give
a couple examples for entry setups
today [06:23 am] doji :
hhaha [06:23 am] mikewd2 -: yeah joey,
give us some picks [06:23 am] gregs
: i will be your friiieeend [06:23 am]
doji : HE will wait until the market
opens [06:23 am] mikewd2 -: me
too [06:24 am] mikewd2 -: watching CJES
today, earnings afterhours [06:24 am]
doji : If EZCH R=31.3 [06:24 am]
doji : PP on 07/12 [06:24 am]
doji : S=31.3 sorry [06:25 am]
gregs : doji you do the gappers
too? [06:26 am] joeytsa : thx
Mitch [06:26 am] skydiver : thnx
Mitch and good morning all [06:27 am]
joeytsa : yeah i saw that [06:28 am]
qwert : Good morning to
everybody [06:28 am] joeytsa : i
would stop at $1.499999 🙂 [06:28 am]
rusty : gm [06:28 am] gregs :
how dare someone make more than 1M [06:28
am] rusty : DF and SODA radar [06:32
am] doji : DF [06:32 am] doji
: watching [06:32 am] rusty : NTAP
radar [06:32 am] rusty : negative
analyst comment [06:32 am] doji :
Tets [06:33 am] doji : CMG at
300 [06:33 am] rusty : DF
alert [06:34 am] doji : Cannot hear
posts [06:34 am] shark : long PCLN
at 538 [06:35 am] joeytsa : im
getting audio doji [06:35 am] shark
: correction 578 [06:35 am] skydiver
: nice shark – [06:35 am] joeytsa :
nice [06:35 am] joeytsa : eye on
RAX [06:35 am] doji : Samsun
interested in RIMM watchout! [06:36 am]
skydiver : out 3/4 of JOY L 54.47
– 55.21 [06:37 am] doji : DF
S [06:37 am] doji : 16.97 [06:38
am] doji : stop at b/e [06:38 am]
joeytsa : tighten RL if you took it
long [06:39 am] skydiver : tightning
stop on JOY L [06:39 am] doji : SPY
moving [06:40 am] shark : 1/2 out
PCLN 585.35 [06:40 am] rusty : TSN
radar [06:42 am] shark : all out
PCLN 584.29 [06:42 am] shark :
long [06:42 am] skydiver : all out
of JOY L [06:42 am] joeytsa :
ka-ching shark [06:42 am] skydiver :
nice one shark 🙂 [06:42 am]
doji : DF holding 17… hummm [06:42
am] shark : 🙂 [06:43 am]
joeytsa : i think DF had decent
earnings? [06:43 am] rusty : ipo
news [06:44 am] rusty : DF come to
papa [06:44 am] shark : cramer made
a pos comment on DF -if corn prices have
peaked… [06:44 am] doji : spinning
off their dairy products [06:44 am]
shark : ok, thx [06:45 am]
rusty : covered 1/2 SODA [06:47 am]
joeytsa : crude holding above
$94 [06:48 am] mikewd2 -: ty joey, good
news [06:48 am] joeytsa : founder of
Papa Johns pizza said he will be raising
pizza prices due to obamacare [06:48 am]
rusty : next Papa John gonna merge with
Chick Fil A? [06:49 am] joeytsa :
couple other companies mentioned that
also [06:50 am] mikewd2 -: MCP moving up
nicely [06:51 am] joeytsa : watching
MCD, forming a wedge/triangle depending on
how you look at it [06:51 am] mikewd2 -:
GMCR turning over a bit late [06:52 am]
joeytsa : RL had some troubles @
$148 [06:52 am] skydiver : L JAZZ
46.63 [06:55 am] joeytsa : tighten
MCD if you took it [06:56 am]
skydiver : 3/4 out of JAZZ L
47.81 [06:56 am] skydiver : 46.81 –
correctioin [06:56 am] joeytsa :
46.81? [06:56 am] rusty :
46.81 [06:56 am] joeytsa : sky was
wishful thinking [06:56 am] skydiver
: yes — but didn’t happen 🙂 [06:57 am]
doji : LNKD [06:57 am]
skydiver : oh well – stopped out of
last piece of JAZZ L [06:57 am] doji
: GMCR strong today [06:58 am] doji
: Nice breakout at 24.22 [06:58 am]
mikewd2 -: RAX [06:58 am] akram :
kors [06:59 am] eddy :
test [06:59 am] joeytsa : EXPE was
nice [06:59 am] joeytsa : i see you
eddy [07:02 am] skydiver : GOOG up a
bit this morning [07:08 am] rusty :
LNKD hod [07:11 am] eddy : wow 7 mns
lag [07:11 am] rusty : AOL chart
radar based on daily [07:12 am] doji
: GMCR shooting higher [07:12 am] mikewd2
-: EZCH [07:14 am] mikewd2 -: EZCH
L [07:15 am] doji : Aggg, computer
crashed twice today… no trades [07:16
am] doji : SPX back at 1400 [07:21
am] doji : ANy news why the market is
moving up? [07:21 am] joeytsa : ES
keeps banging on 1396.25 [07:24 am]
eyes : What price you looking for on
Soda Ed [07:24 am] rusty : covered
balance of SODA [07:26 am] Ed : monitoring
how price is holding down near lows [07:32
am] shark : PCLN new lod [07:37 am]
eyes : its it me or is it really
slow [07:37 am] rusty : its
sumer [07:38 am] rusty : lowest
volumes of year [07:38 am] eyes :
are you long Soda [07:39 am] Ed : got in
and out eyes [07:39 am] eyes : me
too [07:39 am] eyes : +41 on
soda [07:40 am] Ed : nice trade
eyes [07:40 am] eyes : ty [07:40
am] doji : PCLN L 570.56 [07:40 am]
rusty : DF near hod [07:41 am]
doji : DF heading to 52-week
high [07:43 am] shark : nice doji,
PCLN [07:45 am] doji : Thanks, now
it just need to move back to $600…
hahah [07:46 am] doji : Hey Mike,
are you sill holding CJES? [07:46 am]
doji : It’s stuck at 20 today [07:47
am] skydiver : well – 4 wins one
loss. Miss handled JAZZ today — but
good day – see you all tomorrow. [07:47
am] scalpman : L STEC @ 6.69 sold
1/2 @6.80 [07:47 am] Ed : c ya
sky [07:47 am] skydiver :
🙂 [07:48 am] shark : bye
sky [07:48 am] scalpman : bye
sky [07:48 am] mikewd2 -: out half
MCP [07:49 am] doji : still in CJES
Mike? [07:49 am] mikewd2 -: yes [07:49
am] mikewd2 -: looking for at least 21
doji [07:49 am] mikewd2 -: probably will
hold most thru earnings [07:50 am]
doji : Ok [07:50 am] mikewd2 -:
afterhours today [07:50 am] doji :
MCP was a nice call by the way… I know you
were adding at 11.30 at some point [07:51
am] mikewd2 -: yeah i was in swing trade on
it [07:54 am] scalpman : STEC
volatile [07:57 am] scalpman : All
out (sold) STEC L [07:58 am] mh :
EZCH [08:00 am] shark : PCLN new
lod [08:01 am] rusty : SHW
hod [08:03 am] rusty : vix
lod [08:04 am] rusty : PCLN
lod [08:05 am] doji : Now MW saying
PCLN overpriced…. hahaha [08:05 am]
doji : Why didn’t they say yesterday
before earnings? [08:05 am] shark :
MW? [08:06 am] Ed : hey qwert, PCLN was
the samething as mentioned b4, get weak
bounce etc. look for short breaking with vol
of lod [08:06 am] doji :
EZCH [08:06 am] qwert : yeah nice to
bad i missed it [08:07 am] rusty :
TSON radar [08:11 am] rusty : NYSE
volume 130M shares -19% below its three-month
average; decliners lead advancers by
1.1:1. [08:11 am] scalpman : L BLMN
@ 12.09 [08:12 am] doji : SPY moving
up [08:13 am] doji : That is a new
IP Scalpman [08:13 am] doji : an
IPO [08:13 am] scalpman : Sold 1/2
BLMN @ 12.31 [08:14 am] scalpman :
next target 12.50 [08:17 am] Ed : yes they
own the restaurants outback steak,
carrabbas italian grill, and bonefish
grill [08:18 am] rusty : all ed’s
gourmet food choices too [08:18 am]
mh : TSO is a machine [08:18 am]
rusty : in da sumer [08:18 am] Ed :
all da time [08:18 am] doji :
Scalpman, by the time you posted BLMN it was
already up [08:18 am] scalpman :
BLMN retraced 50% with higher low…possible
higher high [08:18 am] Ed : yea mh TSO is
strong [08:19 am] joeytsa : sure
is [08:19 am] scalpman : I posted
when I went in on the 50% retracer [08:20
am] doji : 08:11 the stocks was over
12.23 [08:20 am] doji :
AAPL [08:21 am] scalpman :
Sorry,I’ll try to post faster [08:21 am]
doji : Just let’s know if you are
monitoring a stock; we’ll decide if we move
in or not [08:23 am] scalpman :
Yes…Understood… [08:23 am] doji
: Any news on TSO? [08:23 am] rusty
: all up [08:23 am] rusty : WNR VLO
et al [08:24 am] doji :
Refineries [08:24 am] joeytsa : TDW
spike down [08:25 am] joeytsa : over
$1 so far [08:25 am] qwert : thx
joey [08:25 am] joeytsa :
🙂 [08:25 am] scalpman : sold 1/4
BLMN L.. will hold last piece at
b.e. [08:28 am] mikewd2 -: $13 could
provide some resistance to WFT [08:31 am]
doji : 30c spread [08:32 am]
scalpman : all out BLMN L [08:32 am]
Ed : spread gets tighter as it firms
up [08:32 am] doji : YEs, I can see
that Ed [08:33 am] Ed : many times
especially if noramlly has tight spread and u
get ton of sellers [08:36 am] eyes :
missed it [08:37 am] mikewd2 -: CHK
looking at $20 [08:38 am] eyes : did
you get it Ed and if so what price [08:38
am] Ed : yes and stil have 1/4 left [08:38
am] Ed : 49.09 [08:38 am] doji :
48.78 [08:38 am] Ed : nice doji [08:39
am] eyes : Thanks [08:39 am]
eyes : waswhat would have been your
stop 48.97 [08:39 am] doji : right
above the 2d MA [08:40 am] doji :
Stop below 48 Eyes [08:40 am] doji :
below the lod [08:40 am] doji : on
thsi fast movers you need to give yourself
plenty of room with the stop or you will be
stopped [08:40 am] Ed : i played price off
of opening and prev. low [08:40 am]
doji : 2d MA = 20dMA [08:40 am]
mh : thinking of taking TSO lon here is
it consolidating [08:41 am] mh :
? [08:42 am] mikewd2 -: CSC S
29.90 [08:42 am] mikewd2 -: stop just over
30 [08:43 am] eyes : 7 trades stoped
on 3 4 good +78 [08:44 am] Ed : see if it
can hold this area of consolidation , I would
play tad more skeptical this time of day
MH [08:44 am] eyes : See you all
later on [08:44 am] Ed : c ya
eyes [08:46 am] rusty : IOC
hod [08:47 am] scalpman : bye
eyes [09:07 am] mikewd2 -: getting some
higher highs and higher lows on EZCH
since lod [09:08 am] scalpman : Time
to go…see you tomorrow…thanks for good
ideas. [09:08 am] scalpman :
Scalpman has left the building! [09:08 am]
Ed : take care scalp [09:20 am]
jsn13 : Ed, did u take that NXTM
long? [09:22 am] Ed : no [09:23 am]
jsn13 : ok thanks…. [09:24 am]
mh : TSO maybe giving a little
back [09:27 am] Ed : did u long it
jsn [09:29 am] jsn13 : not this time
Ed….i took it long at 9.59am and stopped
for 3 cents loss,…only loser
today…. [09:29 am] Ed : ok [09:29 am]
jsn13 : did not like the risk
…. [09:30 am] jsn13 : sure
mitch…. [09:33 am] qwert : yeah
mitch [09:33 am] victor51 : Sounds
good Mitch [09:35 am] gregs : yes
please market slow [09:41 am] eyes :
Mitch can you show us one tomorrow
live [09:41 am] jsn13 : u r always
right mitch….haha….right and
right…. [09:46 am] jsn13 : But
Mitch, that was 2min chart right? tot we
should use 1min chart in the am? [09:48
am] jsn13 : yup i heard that…but u
also mentioned to use 1 min cahrt to
exit…. [09:49 am] jsn13 : so was
wondering that should we out half on 1min
chart signal? [09:51 am] jsn13 : ok
was juz wondering…..will learn from u
during the webinar…or seminar…. [09:51
am] jsn13 : ok
sure….thanks…. [09:52 am] serge
: is there a webanar scheduled? [09:52 am]
Ed : not yet serge [09:53 am] qwert
: Watching FOSL [09:54 am] jsn13 :
got it mitch…..thanks…. [09:55 am]
rusty : Suspect in Sikh shooting killed
self, FBI says [09:59 am] victor51 :
ED, I see big volume but no price action on
NXTM. Does it mean entering narrow range and
time to close long? [10:00 am] qwert
: thx mk [10:00 am] Ed : yes if ur ahead I
would take majority off then place rest at
breakeven, not getting upward movement so may
get another leg down [10:01 am] Ed : by
playing or ding it this way takes out
guessing and ur proactive on the
trade [10:02 am] victor51 : Thanks
Ed to reconfirm [10:03 am] jsn13 :
Mitch, what time frame is this
chart? [10:03 am] mikewd2 -: i want his
system then! haha [10:04 am] Ed :
lol [10:04 am] gregs : lol nice
mitch [10:05 am] qwert : hey that
rhymes :)) [10:07 am] murano :
Mitch, are those Ninja Trader
charts? [10:09 am] jsn13 : mitch
will ur system be ready to be released before
labour day/ [10:10 am] victor51 :
Mitch, how many months before we see in Trade
Station. I love my TS [10:12 am]
jsn13 : Ok mitch thanks…..so how do u
guys test it? Do u guys test it manually or
with the strategy analyzer software in
ninjatrader? [10:13 am] victor51 :
Thanks Mitch [10:17 am] qwert :
Monotoring HUM [10:19 am] gregs : is
there a continuation play on HUM [10:19
am] gregs : buy now haha [10:20 am]
qwert : was thinking it needed to go up
to resistance at 66.50 area [10:24 am] Ed
: HUM may get interesting if can move into
that 67ish area [10:24 am] Ed : with
increasing vol [10:34 am] jsn13 :
Ed, did u take SODA long and/or HUM
short? [10:34 am] Ed : no did not trade
soda but did earlier [10:34 am] Ed : HUM
already in and out [10:35 am] jsn13
: Ed, what time was ur entry on HUM
short? [10:35 am] Ed : 1:31 out and quick
drop [10:36 am] Ed : in and out on same
candle [10:36 am] jsn13 : yup
understand….thanks…. [10:36 am]
eyes : that sounds like most of my
trades ed LOL [10:36 am] Ed : just looking
for singles this time of day [10:37 am] Ed
: wanted a move closer to 67 area but has not
given it too me [10:37 am] Ed :
yet [10:37 am] jsn13 : Ed, what time
did u trade SODA? what time were ur
entries? [10:37 am] Ed : earlier when i
called it in room, [10:38 am] jsn13
: yup understand ed….im looking for that as
well….paased on it…. [10:38 am]
jsn13 : ok thanks…. [10:38 am]
victor51 : Thanks [10:39 am] Ed : it
was earlier this am think around 10 something
only got like plus. 37 or somethink like
that [10:41 am] jsn13 : thanks
ed….i got that one as well…..but only got
like 10 cents….. [10:42 am] Ed : still
nice to make green on something that does not
“work” that well [10:42 am] jsn13 :
yup agree….did not turn winner into loser
at least….haha…. [10:42 am] Ed : good
deal [10:43 am] shark : PCLN new
lod [10:44 am] Ed : winner winner chicken
dinner [10:53 am] qwert : Hum over
67 [10:54 am] Ed : they can still run it
some more [10:57 am] Ed : WLP still on
move also [11:03 am] Ed : have to reload
esignal charts not getting all daya [11:03
am] Ed : daya=data [11:04 am] Ed : back in
bitness [11:04 am] eyes : S 100
Sharews 69.99 with stop 67.26 [11:05 am]
eyes : Hum it needs to Break [11:07
am] eyes : any thoughts [11:08 am]
Ed : u called it, needs to break
trend [11:10 am] eyes : tighten
stop [11:10 am] rusty : NYSE volume
325M shares – 19% below its three-month
average; decliners and advancers about
even. [11:13 am] eyes : out .03 loss
dont like action [11:15 am] eyes :
Hum Consoladating [11:23 am] eyes :
it broke [11:24 am] Ed : happens, now u
study see how u could have improved on ur
trade, naturally this is done with winner and
losers [11:25 am] Ed : winners and
losers [11:25 am] eyes : I went with
it was not acting right on regrets [11:26
am] eyes : it looks like it flushed the
stops [11:34 am] rusty : anyone
having connection problems with IB? [11:34
am] doji : Watching TSO [11:35 am]
joeytsa : yeah it pulled back to
support area [11:36 am] mh : thanks
DOJI [11:39 am] joeytsa : SODA with
a little spike [11:39 am] qwert :
AEP moving [11:40 am] murano :
AEP [11:40 am] joeytsa : 50cents
with some vol [11:40 am] joeytsa :
VC falling [11:41 am] eyes : Rusty
what verion you running [11:42 am]
eyes : version [11:42 am]
murano : Sorry qwert, I missed your
post. [11:42 am] rusty : current
version, it’s a net outage [11:43 am]
eyes : what version with
Ninja [11:44 am] eyes : I just
started useing ninja again did not know if
they have another version [11:48 am]
doji : PLCN trying to hold
564 [11:49 am] joeytsa : eyes: my
ninja looks to be version 7.0
1000.4 [11:49 am] joeytsa : not sure
if this is the latest or not [11:50 am]
joeytsa : sorry 1000.4 is on a
different computer [11:50 am]
joeytsa : current that i have is
1000.8 [11:50 am] rusty : i have
version 1.0 guess I am old [11:50
am] eyes : how about IB [11:51 am]
joeytsa : i dont use IB [11:51 am]
eyes : so u just use the charts dont
trade with them [11:51 am] joeytsa :
i go through Trade Pro
Futures [11:52 am] joeytsa :
eventually will switch to something
better [11:52 am] Ed : I use AMP for
futures acct. I likes them [11:53 am]
joeytsa : i have heard good things
about AMP [11:53 am] Ed : been with them
since last seminar, whenever that
was [11:53 am] joeytsa : oh
ok [11:54 am] Ed : no complaints [11:55
am] Ed : brazil woman win bronze in beach
volleyball [11:55 am] Ed : cool [11:55
am] doji : No way [11:55 am] Ed :
yes way [11:55 am] Ed : i was cheering for
them [11:55 am] doji : They defeated
Rusia yesterday… in volleyball [11:56
am] joeytsa : who did they
beat..china? [11:56 am] Ed : no offense to
anyone they were playing china. I thought
brazlians looked better [11:56 am]
doji : By the way, my girlfriend is
named “Jaque”…she plays for Brazil
volleyball team…. shhhhh don’t tell my
wife [11:56 am] Ed : lol [11:56 am]
joeytsa : as long as its not
Jack [11:56 am] doji : No offense…
that is true [11:57 am] rusty : your
wife told us to not tell you about
Mario [11:57 am] Ed : lol [11:57 am]
doji : Mario is Gay…. no
offense [11:57 am] joeytsa : funny,
mario told me not to say anythign about
jaque 🙂 [11:58 am] Ed : too
funny [11:58 am] rusty : and jaque
thinks doji is a gay name [11:58 am]
doji : MArio likes Fri Cooks [11:58
am] rusty : justy saying [11:58 am]
Ed : is today friday [11:58 am]
joeytsa : TSO dbl bottom on this
support line [11:59 am] rusty :
everyday is Fryday when u fry cook [11:59
am] Ed : understood [11:59 am]
joeytsa : STX down almost $1 past 10
minutes..trying to bounce [12:00 pm] Ed :
thx joey, been having issues with my scanner
today [12:00 pm] joeytsa :
etrade? [12:01 pm] Ed : yes [12:01 pm]
joeytsa : i had some madscan issues
earlier in the week..had to
delete/re-download [12:01 pm]
joeytsa : they switched all of their ip
addresses or something like that [12:01
pm] joeytsa : felt like i was trading
in 2001 again haha [12:02 pm] Ed : i know
the feeling [12:07 pm] jsn13 : ed,
how do u play it? [12:08 pm] joeytsa
: tighten TSO if you took it long on that dbl
bottom [12:09 pm] qwert : Joey thx
for the TSO call [12:09 pm] joeytsa
: no prob [12:09 pm] murano :
AH [12:09 pm] joeytsa : i like those
dbl bottoms with pos div [12:11 pm] Ed :
did not r/r on long so played the downtrend,
short the bounces [12:12 pm] jsn13 :
so ur entry was? what time and
price? [12:12 pm] mh : TSO has been
a good one all day [12:13 pm] Ed : dont
recall [12:13 pm] Ed : but if look at
chart thats up, I shorted those tops into
downtrending line [12:14 pm] Ed : like
playing prevailing trend until it
changes [12:14 pm] Ed : so what u do is u
dont chase but wait for price to come to
you, [12:15 pm] jsn13 : ok
nvm…..not sure how to trade this….my
possible entry would be at 3.02pm
bar…. [12:15 pm] joeytsa : thats
our biggest advantage..if you dont like the
price you dont have to play [12:16 pm] Ed
: good spot, yea it is tad advanced but more
u get use to reading charts, being able to
spot trends it helps tremendously [12:16
pm] Ed : I did not know all of this either,
it took me time to learn so no
biggie [12:17 pm] jsn13 : but still
i think thats abit aggressive for me….wont
trade this until i have 100 screenshots of
this type of trade…. [12:17 pm] Ed :
like joey said, great aspect about trading is
that there are many strategies and people
make a ton just trading 1 [12:18 pm]
jsn13 : haha u r right….i’m making
money with juz reversals now…. [12:18
pm] Ed : see there u go [12:18 pm]
doji : SPY pushing higer [12:18 pm]
Ed : ppppppushing [12:18 pm] rusty :
how do u know its pushing [12:19 pm]
rusty : maybe its pulling [12:19 pm]
Ed : how bout one was in front of it they
felt the force and told me [12:19 pm]
jsn13 : but ed, why u did not
short the break of lod? at 3.04
entry? [12:20 pm] Ed : u could have done
that as well, [12:20 pm] Ed : if i had
missed the bounce I would have [12:21 pm]
eyes : watch aep [12:21 pm]
jsn13 : ok i see but it did not work
out well…. [12:22 pm] Ed : I will take
.20 on $30 stock any day [12:22 pm]
qwert : watching nus [12:23 pm]
gregs : ed, when shorting tops, your
stops are pretty tight right [12:23 pm]
qwert : nus tanking [12:23 pm]
jsn13 : thats when u r
pro….haha…. [12:23 pm] joeytsa :
thx qwert [12:24 pm] Ed : yes I like
playing tight [12:24 pm] Ed : usually few
cents of hod/lod or just above/below
potential support/resistance [12:25 pm]
joeytsa : cant get hurt that
way [12:26 pm] gregs : makes
sense… yeah the hod/lod when they work
really run… so if they don’t, cut them
quick [12:26 pm] gregs : i took 0.10
stop on DF hod earlier today [12:26 pm]
gregs : 200 shares but still [12:26
pm] Ed : right my thinking is, i feel like i
have pretty good system so if wrong I want to
be out quick. Can always look at again from
sidelins [12:27 pm] gregs : for
re-entry, yeah i like that logic [12:27
pm] serge : ed can you give an example
of what your talking about please [12:28
pm] Ed : And I always ask am I getting in
this trade bcuz I have a better edge than b4,
if answer is no, I dont reinter [12:29 pm]
Ed : using NUS as example say if entered
42.03 my stop would be 41.83 [12:29 pm] Ed
: so if I traded it I would have been
stopped [12:29 pm] jsn13 : did u
take it long on NUS? [12:29 pm] Ed : but
also knowing stock is weak and would have
shorted [12:30 pm] Ed : no did not trade
it [12:30 pm] Ed : does that make sense
serge [12:30 pm] serge : wow…its
getting hammered [12:30 pm] eyes :
in and out +5 move stop on the rise [12:30
pm] jsn13 : cos it is weak on daily? i
got stopped for 20 cents loss…. [12:31
pm] serge : would you have known your
exit point before you entered? [12:31 pm]
Ed : yes, cuz Im entereing and know i want my
stop few cents below lod [12:31 pm] Ed :
right jsn it is very weak on daily [12:32
pm] eyes : how about this
signal [12:32 pm] serge : ok
thanks [12:32 pm] joeytsa : plus NUS
has been trading below prev low [12:33 pm]
Ed : I play very skeptical this time of day
so for me to get interested on this for long
being it is weak on daily I need to see ton
of sellers show up to throw towel in or move
to 40ish area [12:33 pm] joeytsa :
TSO keeps testing $35 area on [12:33 pm]
jsn13 : ok got it….thanks….only
went with small position…. [12:34 pm] Ed
: guys this does not mean u will not get
signal but I like to play with high
probability edge [12:34 pm] jsn13 :
and ok this one should have been a short at
the break of lod…. [12:34 pm] eyes
: Good NIght everyone 8 trades 4 stped 4 OK
+79 [12:34 pm] qwert : nice
eyes [12:34 pm] serge : yea I hear
you…..ive learned the hard way not to
expect too much from afternoon
trading [12:34 pm] Ed : nice staying in
green [12:34 pm] serge : bye
eyes [12:35 pm] joeytsa : bye
eyes [12:35 pm] jsn13 : didi u play
it either long or short qwert? [12:35 pm]
doji : PCLN 680 Aug 12 puts yesterday
=28, now 117.70 [12:35 pm] jsn13 :
on NUS i mean…. [12:35 pm] Ed : usually
serge I play normal position size those first
90 minutes after that I reduce my position
size for my trades [12:35 pm]
joeytsa : smart plan [12:35 pm]
serge : what s.is a “normal” size for
you? [12:35 pm] serge :
lol [12:36 pm] Ed : I just trade 1000
shares or 2000shares. But mostly 1k [12:36
pm] serge : ahh ok [12:36 pm]
doji : No matter waht Price
Ed? [12:37 pm] Ed : for me no
matter [12:37 pm] joeytsa : smart
plan again [12:37 pm] serge : risk
has to be good for that kind of $$ for
sure [12:37 pm] doji : 1000 shares
of PCLN = 560,000 [12:38 pm] Ed : I pay
attention to the action of stock. I get in,
if stop get hit on to next [12:38 pm]
joeytsa : so [12:38 pm] rusty
: doji scalping [12:38 pm] rusty :
? [12:38 pm] rusty : “Covered 1k
PCLN + .03” [12:39 pm] joeytsa :
hahah [12:39 pm] Ed : lol [12:39 pm]
doji : Better you don’t tell your boss
you are not getting leveraged Ed [12:39
pm] Ed : Im not [12:39 pm] Ed : i
increased my position size little by little
as I got consistent [12:39 pm] jsn13
: doji, ed has a 56,000,000 acc…. [12:39
pm] Ed : 50 to 100 then 200 then 300 and so
on [12:39 pm] jsn13 : that’s not
leveraged…haha…. [12:40 pm] doji
: so if you put 560K in a trade, is that not
being leveraged? [12:40 pm] joeytsa
: if you have stops you are ok [12:40 pm]
doji : Not if your portafolio is 10M
like Mike [12:40 pm] rusty : Ed, not
sure that kinda talk allowed around
here. [12:40 pm] Ed : u have to base on
account size [12:40 pm] rusty :
Mitch is kinda prudish you know [12:40 pm]
Ed : lol [12:40 pm] skydiver : Nice
spot to exit NUS if you went long
now? [12:41 pm] joeytsa : nice
sky [12:41 pm] Ed : but I traded 200
shares for long time b4 increasing share
size [12:41 pm] jsn13 : rusty, i
think therule only applies to u…haha u r
his VIP… [12:41 pm] skydiver :
🙂 [12:41 pm] Ed : nice sky [12:41 pm]
serge : i didnt think that it had a .40
bounce in it….lol [12:41 pm] jsn13
: sky, where did u enter? at what
price? [12:42 pm] Ed : but for the record
on $500 plus I will reduce to 500
shares [12:42 pm] skydiver : just
had a moment to jump in – went up faster than
I thought it would == I entered
right after the little hammer (not quite one
but close) [12:42 pm] skydiver :
41.66 -entered NUS jason [12:43 pm]
serge : nice one [12:43 pm]
jsn13 : very nice sky….did u have
time to check for S/R? [12:43 pm]
rusty : NYSE volume 435M shares – 18%
below its three-month average; decliners and
advancers about even [12:43 pm]
shark : all out PCLN s 580 to 560.35
+19.65 [12:43 pm] skydiver : more of
a gunsling shot jsn [12:43 pm] Ed : nice
shark [12:44 pm] skydiver : very
nice shark – you’ve worked PCLN nicely today
🙂 [12:44 pm] shark : thx guys
🙂 [12:44 pm] doji : Also 1000
shares Sharky? [12:44 pm] mh : HUM
still moving [12:44 pm] Ed : but want u
want to do is make it about the trade action
of what ur seeing, if u have to worry
about share size ur trading too many
shares [12:45 pm] Ed : basiclly if ur
sweating when ur in a trade [12:45 pm]
skydiver : agree with Ed — I usually
average about 400 shares per trade — my
comfort level at moment [12:45 pm]
shark : also sold PCLN 600 and 605
calls earlier, still have them [12:45 pm]
jsn13 : nice u r not gunslinging….cos
the pattern is juz lperfect, very hihg
probability…the volume, the price movement
and the signal are juz perfect….nice one
sky…. [12:45 pm] skydiver :
🙂 [12:45 pm] joeytsa : great job
shark !! [12:46 pm] skydiver : hey
shark — are you still trading
1,000,000,000,000 shares per trade
still? [12:46 pm] Ed : but u guys know I
only trade 1 share right? LOL [12:46 pm]
shark : 😉 [12:46 pm] joeytsa
: only other time you have to worry abotu
share size is in low volume stocks..but i
avoid those [12:46 pm] skydiver :
right ed [12:46 pm] skydiver : yeah
– me too joey [12:46 pm] Ed : great point
joey [12:47 pm] Ed : thats very
important [12:47 pm] Ed : nothing like
trying to get out and u have to wait a few
days [12:47 pm] joeytsa : its
Italian 101 : ALWAYS make sure you can find
an exit 🙂 [12:47 pm] shark : when
you trade with bigger vol, it takes the other
guys longer to get in and out, which makes
smaller traders more nimble to move [12:48
pm] skydiver : excellent point as well
shark [12:48 pm] serge : godda
run….thanks everyone! [12:48 pm]
shark : PCLN pattern may turn out to be
similar to CMG pattern for those of you
studying charts [12:49 pm] shark :
CMG took 10 days to hit bottom [12:49 pm]
Ed : NUS is another good pattern to
study [12:50 pm] Ed : nice inside day on
FOSL [12:50 pm] Ed : digesting yesterdays
move [12:51 pm] jsn13 : so what
should we look for at FOSL? [12:51 pm]
skydiver : good question
jason [12:51 pm] jsn13 : set alerts
at the break of yesterday’s range? [12:52
pm] Ed : the longer it diget the better, but
u can play outside of todays ranges [12:52
pm] jsn13 : as in yesterday’s high or
low? a breakout or breakdown? [12:53 pm]
jsn13 : something like let bearish
harami formed on daily after today’s
close…then look for break of today’s high
or low 2mr? [12:53 pm] jsn13 : and
break of today’s lod would be
favourable? [12:54 pm] rusty : jsn i
think u met your ? quota for day [12:54
pm] Ed : i will just be looking to see if we
get movement out side of today with vol
either long/short. [12:54 pm] Ed :
LOL [12:54 pm] rusty : Try again
tomorrow. No Rollover on unused
questions either. [12:55 pm] gregs :
ed being nice to noobs today (like
me) [12:55 pm] gregs : well every
day [12:55 pm] jsn13 : sorry
rusty…. [12:55 pm] skydiver :
Well, paid for my lunch – time to get a bite
to eat and back to work. See you all in
the morning. Hey gregs – I’m learning
along with the rest of you 🙂 [12:55 pm]
Ed : lol [12:56 pm] gregs : sky –
glad i’m not the only one haha [12:56 pm]
skydiver : 🙂 [12:56 pm] Ed : ur
fine gregs [12:57 pm] gregs : thx ed
u da man [12:57 pm] gregs :
😀 [12:58 pm] rusty : lets not
overstate things [12:58 pm] gregs :
compliment stochastics overbought [12:58
pm] Ed : u know rusty can be jealous at
times [12:58 pm] rusty : will
stipulate ed is good tho [12:58 pm]
gregs : rusty u 2 da man [12:58 pm]
Ed : only in sumer [12:59 pm] rusty
: only on weak ends [12:59 pm] Ed : that
means alot coming from u rusty thx [12:59
pm] joeytsa : Thanks Mitch, Ed,
traders..have a great day, see you in the
morning [12:59 pm] Ed : dancing for
dollars [12:59 pm] Ed : oops slip of the
keyboard [12:59 pm] shark : thx
joey, hv a great day [12:59 pm]
rusty : right, dont hold breath waiting
for next compliment [12:59 pm]
joeytsa : hah [12:59 pm] Ed :
lol [12:59 pm] rusty : it wont be
coming this decade [01:00 pm] shark
: 1 more min, and I’m off to the
beach… [01:00 pm] Ed : thats 4
certain [01:00 pm] Ed : enjoy
shark [01:00 pm] rusty : i got my
quotas u know [01:00 pm] rusty : gn
all [01:00 pm] Ed : yea lol [01:00 pm]
shark : 🙂 Aloha everyone and THANX for
all [01:00 pm] gregs : night
rusty [01:00 pm] qwert : Bye
everyone see ya in the am [01:00 pm]
gregs : take care ed, mitch… thanks
again
|