[06:18 am] Brent : good morning
[06:24 am] Kris : Good Morning Traders
[06:26 am] Kris : This morning I’m watching
CEF, QIHU, GME, SODA, NZT, SGI, ADSK and LDK
as possible long trades.
[06:27 am] Kris : AFL, AKAM, CHMT, CVG, NPSP,
NDSN, VHC and REE as short setups.
[06:28 am] Kris : HPQ looks like a short to
me
[06:30 am] Kris : INTU long half
[06:31 am] Kris : GMCR short half
position
[06:31 am] Kris : out half INTU long
[06:31 am] Kris : RIMM long half
[06:32 am] Kris : BIDU long half
[06:33 am] Kris : AEM long half
[06:33 am] Kris : out another 1/4 INTU
long
[06:34 am] Kris : out half RIMM long
[06:35 am] Kris : SINA long half
[06:35 am] Kris : SODA long half
[06:36 am] Kris : out half BIDU long
[06:36 am] Kris : out half SINA long
[06:37 am] Kris : out half AEM long
[06:37 am] Kris : SPY could face some
resistance around 114.00
[06:38 am] Kris : out another 1/4 BIDU
long
[06:38 am] Kris : out another 1/4 SINA
long
[06:39 am] Kris : looking for new hod in
SODA
[06:40 am] Kris : YNDX long half
[06:41 am] Kris : JBHT long half
[06:41 am] Kris : out half YNDX long
[06:41 am] Kris : SPY pushed through 114
[06:41 am] Kris : still seeing a lot of
green
[06:42 am] Kris : LNKD long half
position
[06:43 am] Kris : XLNX long half
[06:44 am] Kris : JVA long half
[06:52 am] Kris : KO short half
[06:53 am] Kris : LO trying for new
highs
[06:53 am] Kris : looking for new high in
YNDX
[06:54 am] Kris : we’re getting some buyers
coming in here
[06:55 am] Kris : I’m leaving at 11:30 this
morning
[06:55 am] Kris : just looking to get a pop
on these longs and lock in some profits
[06:55 am] Kris : so I won’t be around
[06:55 am] Kris : you know what they say
about assumption
[06:56 am] Kris : I’m leaving for my bachelor
party today
[06:56 am] Kris : out half JVA long
[06:57 am] Kris : thanks everyone
[06:58 am] Kris : buyers still here, starting
to peel out of these longs now
[06:58 am] Kris : see if we can get a push
higher
[06:58 am] Kris : SPY testing hod
resistance
[06:59 am] Kris : BABY!
[06:59 am] Kris : NUP
[06:59 am] Kris : PRE
[06:59 am] Kris : SPY going for it
[07:00 am] Kris : Lake Havasu
[07:01 am] Kris : I don’t trade the SPY
neuronx[07:01 am] Kris : I’m on a boat!
[07:01 am] Kris : you never can be 100% sure
candelas
[07:02 am] Kris : go go go[07:02 am] Kris : I
use it for market direction
[07:02 am] Kris : JVA busting
[07:02 am] Kris : out half JBHT
[07:03 am] Kris : read the posts
neuronx[07:04 am] Kris : I averaged down,
looking to get out here in the next few
minutes mbear[07:04 am] Kris : out half
YNDX
[07:05 am] Kris : DNDN pushing new hod[07:05
am] Kris : my average is .12
[07:05 am] Kris : out all JVA long
[07:06 am] Kris : look for another pullback
in the SPY here
[07:06 am] Kris : mind your longs
[07:06 am] Kris : see if we can hold support
in the markets
[07:07 am] Kris : No Bert is here
[07:07 am] Kris : remind me a little later.
I have a family video of bert when he was a
kid.
[07:08 am] Kris : I’m flat here
[07:09 am] Kris : gonna watch the spy here,
see if we get consolidation under the hod or
if we can break lower trendline.
[07:09 am] Kris : still seeing a good number
of buyers
[07:10 am] Kris : I’ll be back and ready to
go Monday morning
[07:10 am] Kris : QIHU nice move today
[07:10 am] Kris : the money calls to me
[07:11 am] Kris : plus I’m getting married,
gonna need all the money I can get.
[07:11 am] Kris : TZOO resistance near
36.00
[07:12 am] Kris : only the good die
young
[07:12 am] Kris : SPY holding up here
[07:13 am] Kris : ABX long
[07:13 am] Kris : plus I can’t die
[07:15 am] Kris : I’m starting to look for
both long and short setups. right now we’re
closer to a long side breakout but I want
both in my pocket
[07:16 am] Kris : SUN long half
[07:17 am] Kris : NTAP long
[07:17 am] Kris : NVDA long
[07:19 am] Kris : LULU long half
[07:22 am] Kris : coming into 100.00
resistance
[07:22 am] Kris : NTAP new hod[07:22 am] Kris
: SINA making new hod[07:23 am] Kris : NVDA
first target 12.34
[07:23 am] Kris : out half LULU long
[07:25 am] Kris : moving up my stop on ABX to
BE
[07:25 am] Kris : SPY new hod[07:25 am] Kris
: SPY pushing hod[07:26 am] Kris : ABX
breaking out
[07:26 am] Kris : come on NVDA
[07:26 am] Kris : glad I only moved my
stop
[07:26 am] Kris : out half NVDA long
[07:27 am] Kris : looking for a new hod in
SUN
[07:27 am] Kris : out half NTAP long
[07:27 am] Kris : SUN breaking new hod[07:28
am] Kris : out another 1/4 NTAP long
[07:28 am] Kris : out another 1/4 NVDA
long
[07:28 am] Kris : out half SUN long
[07:29 am] Kris : damn LNKD
[07:29 am] Kris : I hate that
[07:29 am] Kris : I have SUN and NTAP
left
[07:29 am] Kris : out all NVDA long
[07:30 am] Kris : out all NTAP long
[07:30 am] Kris : out all SUN long
[07:30 am] Kris : what was yesterday’s big
runner? was it YOKU?
[07:36 am] Kris : check flyonthewall
doji[07:37 am] Kris : BIDU strong too
[07:39 am] Brent : have a good weekend
anthonyb[08:09 am] Brent : have a good
weekend lisas[08:10 am] Brent : HPQ
approaching hod[08:28 am] Kris : ok guys, I’m
out. Everyone have a great weekend and I’ll
see you all Monday morning.
[08:32 am] Brent : watching CPN for a
bounce
[08:33 am] Brent : CPN coming into support
around $12.90 area
[08:38 am] Brent : I would start taking
profits earlier than normal on CPN if
long
[08:41 am] Brent : consider reducing CPN in
this area
[08:58 am] Brent : yeah I’ve been watching
BKS Dan, might be getting close for a
bounce
[08:59 am] Brent : has some support around
$9.75 area on BKS
[09:02 am] Brent : nice spot on BKS dan[09:41
am] Brent : SPY stuck in a range, needs to
break out to get some stuff moving
[10:06 am] Brent : CMCSA doesn’t interest me
here sonorant
[10:06 am] Brent : Not enough potential in
ADSK for me qwert, I would need to see it
drop more with increasing volume
[10:07 am] Brent : ADSK has some support at
$23.90-$24 area qwert[10:09 am] Mitch K: ADSK
is setting up for small bounce with that
increasing volume and parabolic drop in
price
[10:15 am] Brent : I’m a lot more selective
later in the day
[10:15 am] Brent : It may give a small bounce
but there’s not enough potential in it for me
mikewd2
[10:15 am] Mitch K: sorry about that last
post, i had a 5 min setting on the chart,
don’t like it on a 1 or 2 min
[10:37 am] Brent : have a good weekend
ronfranc[11:19 am] Brent : have a good one
junior
[11:21 am] Brent : SPY approaching lod[11:42
am] Brent : SPY testing trendline
resistance
[12:01 pm] Brent : SPY new low
[12:10 pm] Brent : have a great weekend
rd[12:20 pm] Brent : you too joey see you
Monday
[01:00 pm] Brent : great job this week
[01:00 pm] Brent : have a great weekend
everyone, see you Monday
8/19/11
TSA | [06:22 am] doji : Anyone buying TNA in the
pre-market?
[06:22 am] joeytsa : Gap Down :
IDCC,WYNN,GS,NFLX,FSLR
[06:23 am] anthonyb : also HPQ joey
[06:23 am] anthonyb : down almost 20%
[06:23 am] joeytsa : thanks anthonyb..plus
HPQ just got downgraded by 2 more
analysts
[06:23 am] lightning : I’m going to wait on
TNA until I see the bounce in the
market.
[06:23 am] stevemld : be careful guys this
could get ugly
[06:24 am] anthonyb : Yeah big news story on
them
[06:24 am] joeytsa : CMG just got upgraded
by Morgan Keegan..target of 330
[06:25 am] mhaus : AGQ has shot up
[06:26 am] joeytsa : up big mhaus…almost
20 points wow
[06:26 am] ltacher : Kris let me ask you
what are you trade sizes if you don’t
mind
[06:26 am] mikewd2 -: yeah, my ZSL looking
weak
[06:27 am] derns : Kris…is HPQ a
play?
[06:27 am] mhaus : yes, if the market goes
up, this would be a good short.
[06:31 am] anthonyb : short HPQ 23.50
[06:33 am] doji : TNA
[06:36 am] joeytsa : WYNN making a nice move
off its gap down
[06:39 am] doji : Anyone long in TNA?
[06:39 am] joeytsa : IDCC trying to close
the gap
[06:40 am] anthonyb : RVBD
[06:45 am] gecko : spy bouncing down from
double resist on 1m
[06:45 am] joeytsa : AGU nice move
today
[06:46 am] duckfan : MOS
[06:46 am] gecko : ema 200/sma 200
[06:46 am] joeytsa : i got the same double
top on my tick charts gecko
[06:47 am] anthonyb : out HPQ 22.98
[06:47 am] gecko : bidu nice thanx
kris[06:48 am] mikewd2 -: nice anthonyb,
really thought that was a mistake when you
did it
[06:49 am] anthonyb : I was gonna sell a
little more at 24.05 but did n ot have
to
[06:49 am] anthonyb : i wish doji[06:49 am]
doji : Anyone took TNA at the opening?
[06:49 am] doji : I got the same feeling
also in HPQ… good job Anthonyb[06:50 am]
doji : although very small position. I’ll
add in a pull back as long as it doesn’t fall
below the lod[06:50 am] doji : I got it at
36.03 and hold it
[06:50 am] joeytsa : good price doji[06:50
am] mikewd2 -: very nice doji[06:50 am]
mikewd2 -: wanted to but have too much TNA at
a lot higher
[06:51 am] joeytsa : things coming down
after that double top
[06:52 am] derns : Mitch..pls advise on your
thots on TNA, UPRO, TQQQ…
[06:53 am] joeytsa : IDCC still looking
strong
[06:53 am] joeytsa : those ultra’s make nice
moves
[06:53 am] joeytsa : you read my mind
derns[06:53 am] staz : IDCC, up with
volume
[06:54 am] joeytsa : Kris…these buyers i
would assume are very short term, doubt any
of them want to hold over the weekend
right?
[06:55 am] joeytsa : and if so…setting up
for a lot of selling b4 the close
[06:55 am] joeytsa : never assume haha[06:55
am] joeytsa : that’s the way to do it
[06:56 am] anthonyb : gonna sell a little
IDCC this one is a paper trade for me
though
[06:56 am] candelas : 1130 est.
[06:56 am] joeytsa : congrats…i will be in
SD in 2 weeks for my honeymoon
[06:56 am] joeytsa : even though we got
married 5 years ago 🙂
[06:56 am] kisa : Congrats Kris
[06:56 am] truck : good luck Kris !
[06:57 am] anthonyb : I’ve been married for
20 years. My advice? RUNNN LOL
[06:57 am] babak -: have fun Kris.
[06:57 am] candelas : congrats
[06:57 am] doji : Enjoy the last piece of
freedom Kris!
[06:57 am] joeytsa : b4 you leave…maybe
you should play ” Freebird” 1 last time
🙂
[06:57 am] junior : great Kris, have
fun
[06:57 am] observer : congrats, Kris
[06:57 am] qwert : have a great time
kris[06:57 am] skydiver : Congrats Kris
[06:58 am] doji : SPY tripple top
[06:58 am] eyes-inthenow : Don’t do it Kris
she will take all your money LOL
[06:58 am] mhaus : congratulations!!!
[06:59 am] candelas : but she has all the
money, wrong move
[06:59 am] joeytsa : ‘take the house, just
leave my 97 monitors’ 🙂
[07:00 am] staz : I just want to know where
we go to crash the bachelor party lol[07:01
am] candelas : when will u be back
[07:01 am] duckfan : Sounds like a blast,
enjoy man
[07:01 am] gecko : nicest pontoon boats in
the world there
[07:01 am] neuronx : Kris you short on
spy>?
[07:01 am] staz : Hmmm, wonder how long that
will take me from SC… let me do a google
map
[07:02 am] candelas : good response
[07:02 am] gecko : dji spy breaking
resist
[07:02 am] gecko : like 150,000 dollar
pontoon boats
[07:02 am] joeytsa : I have an ”
Investigating Indices Issue” on my
lightspeed…what does that mean
[07:02 am] mikewd2 -: JVA popping
[07:02 am] neuronx : so you long on
jva[07:02 am] staz : If you don’t sink the
boat, then the party is not a full
success
[07:03 am] joeytsa : don’t think i have ever
seen that
[07:04 am] mbear : Kris KLNX doesn’t seem to
be joining the party…are you still
long?
[07:04 am] mbear : XLNX
[07:05 am] anthonyb : IDCC
[07:05 am] mbear : I’m in at .21
[07:05 am] mbear : thanks Kris
[07:05 am] observer : Thx, Kris JVA
[07:06 am] doji : any news?
[07:06 am] gecko : and 11000
[07:06 am] gecko : dow getting ready to
break yest close
[07:07 am] Brent : no I’m here
[07:07 am] duckfan : Kris-are you the only
TSA staff here today?
[07:08 am] Brent : yeah remind him at
11:35am
[07:08 am] doji : No way…
[07:08 am] duckfan : lol[07:08 am] duckfan
: will do
[07:08 am] eyes-inthenow : You letting Kris
do all the work
[07:08 am] joeytsa : sometime you have to
explain why he is called Bert haha[07:08 am]
Kris : lol[07:10 am] doji :
Commitment…
[07:10 am] doji : to the money
[07:10 am] mikewd2 -: so you going to be out
for a while Kris, when you back?
[07:10 am] mikewd2 -: that’s dedication
[07:11 am] joeytsa : gotta pay for that
wedding somehow
[07:11 am] ltacher : Congrat Kris
..nice[07:11 am] mabdeen7 : apkt for
short
[07:11 am] qwert : you know it
[07:12 am] joeytsa : trade junkie..go to
Kris for your fix
[07:12 am] mbear : Enjoy your party
Kris…great calls this morning. Can I buy
some life insurance on you?
[07:12 am] mbear : I’m starting to feel like
a dependent…
[07:13 am] guitarzan1 -: the gospel according
to billly joel :P[07:13 am] mbear : don’t be
too good then…
[07:15 am] joeytsa : BIIB moving up
[07:16 am] mbear : XLNX may be finally
moving
[07:17 am] gecko : second time’s a charm dow
breaking yc[07:22 am] mikewd2 -: SINA new
hod[07:23 am] observer : Thx, Kris LULU
[07:24 am] lightning : keeping my eye on
MENT for possible short
[07:25 am] Brent : BE = break even
[07:25 am] sonorant : BE?
[07:26 am] uptick : SPY about to push
yesterdays HOD
[07:28 am] gecko : market picking up
steam
[07:28 am] mikewd2 -: DANG
[07:29 am] junior : long MON 67.49..out
68.05
[07:30 am] Brent : YOKU was the day
before
[07:30 am] candelas : day b4
[07:30 am] Kris : lol[07:30 am] Kris : they
blur together
[07:30 am] mhaus : OIS
[07:33 am] gecko : 10,30 dip right on
time
[07:33 am] gecko : should be short
[07:35 am] doji : Any news?
[07:35 am] doji : DNDN
[07:36 am] doji : Have no subscription
Kris
[07:37 am] Brent : flyonthewall gives a 30
day free trial
[07:37 am] doji : OK, thanks Brent
[07:38 am] ltacher : DNDN big news
[07:39 am] anthonyb : Guys, I’m done. what a
good week.
[07:39 am] anthonyb : Mostly paper trades a
couple real money trades
[07:39 am] anthonyb : You too
[07:39 am] doji : Have a nice weekend
anthony[07:40 am] junior : have a good
weekend anthonyb[07:40 am] Kris : great job
anthony. enjoy your weekend. see yo
monday.
[07:40 am] qwert : see ya anthony[07:41 am]
gecko : 10.30 dip bringing markets to ema 50
1m should bounce up from there[07:41 am]
anthonyb : Once you get used to the ball and
chain, it’s really not that bad
[07:41 am] Kris : lol[07:41 am] Kris : you
trying to convince me or yourself?
[07:42 am] anthonyb : I have it really good
actually
[07:42 am] anthonyb : LMAO
[07:42 am] anthonyb : LOL
[07:42 am] candelas : lol[07:42 am] gecko :
if u don’t buy it ignore it
[07:42 am] gecko : tna long open till 10.30
11 percent
[07:42 am] Kris : lol[07:42 am] Kris : she
must be watching
[07:43 am] anthonyb : I am 43 years old. We
have been together for 23 years
[07:43 am] gecko : my screen to short on
comments
[07:43 am] gecko : thought u were referring
to 10.30 lol[07:44 am] anthonyb : Kids are
15 and 13
[07:44 am] candelas : read “trading from the
gut” last night great book also
[07:44 am] gecko : 50 now
[07:44 am] gecko : how old is your kid
23
[07:44 am] gecko : my brother got married at
17
[07:44 am] gecko : that is pretty young
[07:44 am] sonorant : Man, you were either
brave or foolish or lucky when you were 20
anthony!
[07:45 am] anthonyb : Take care all see you
MOnday. over and out
[07:45 am] gecko : daughter 33
[07:45 am] gecko : has 7 still married
[07:45 am] mbear : ntap acting really strong
during this downturn
[07:45 am] sonorant : Sometimes it works,
sometimes it doesn’t
[07:46 am] doji : Filling the gap NTAP?
[07:46 am] vans : Gecko, You really held TNA
through the 7:45 dip? Did you decide just to
hold it until 10:30 and didn’t move your
stop?
[07:47 am] stevemld : INTU trying to
turn
[07:48 am] mbear : I think I jinxed
ntap[07:50 am] Kris : I wanted to share
something with you guys but I can’t remember
what it was
[07:50 am] Kris : let me see if I can find
it
[07:50 am] Kris : oh yeah
[07:50 am] Kris : thanks qwert!
[07:50 am] ltacher : Kris I know ..
[07:50 am] qwert : video of brent[07:50 am]
shailan : YOUR MONEY,
[07:51 am] Kris : here it is….
[07:51 am] Kris :
http://www.youtube.com/watch?v=emBkwvGg_Z0
[07:51 am] ltacher : Kris let me ask you
..what is your average sized lot
[07:52 am] Brent : I’m the one filming
lightning
[07:52 am] Kris : lol[07:52 am] lightning :
which one is Brent?
[07:52 am] rd : lol[07:54 am] kisa : Brent
knows kung fu?
[07:55 am] Brent : that’s actually dung hu
kisa[07:55 am] gecko : nice video pass the
Doritos
[07:55 am] kisa : oh my bad
[07:55 am] mikewd2 -: and 8 other japanese
words
[07:56 am] Brent : requires more lower body
movement then kung fu[07:56 am] kisa :
lol[07:56 am] lightning : My wife says the
martial arts I am good at is dang fool.
[07:56 am] mikewd2 -: DANG hod[07:57 am]
candelas : that’s why they call Brent “the
silent assassin”
[07:59 am] ltacher : i haven’t made one
trade yet to fast this morning
[07:59 am] sonorant : Just started with
Lightspeed today to check it out. My BUY and
SELL buttons seem to be a little touchy.
Sometimes they send two consecutive orders
when my intention is one. Anyone else have
problems with this? Or is it just my
setup?
[08:00 am] Brent : you are probably hitting
the button twice sonorant
[08:00 am] gecko : had the same problem when
using a touch sensitive mouse
[08:00 am] lightning : I agree with gecko.
With a touch pad or touch sensitive mouse, I
sent orders unintentionally. I now use an
old fashioned mouse
[08:00 am] sonorant : Thanks gecko
[08:01 am] gecko : ironically i made some
great trades accidently that way
[08:01 am] skydiver : I went back to my old
Morse Key – helped
[08:01 am] sonorant : I am going to plug an
old fashioned mouse in right now. Many
thanks you guys.
[08:05 am] candelas : did anyone get that
bidu short, missed it
[08:05 am] lightning : watching PHH for a
possible short
[08:05 am] sonorant : All I was was confused
as extra trades kept popping up!
[08:08 am] lara : Yes, I also listened to
Mitch and closed all my longs on Wed.
Thanks, Mitch!!
[08:08 am] ltacher : made good trades with
Mitch report s love it help me a lot
[08:08 am] ltacher : TZA moving higher
[08:09 am] lisas : Anyway, good luck trading
all, have to be at something for my son in
about an hour. Good luck trading all!
[08:12 am] lara : HPQ is below it’s low of
March ’09!
[08:12 am] lara : You would think that’s
gotta be a good long at some point
[08:15 am] bernard : cccc[08:15 am] candelas
: VXX on the move
[08:16 am] candelas : bidu[08:16 am]
candelas : sorry was pulling up chart of
bidu[08:16 am] stevemld : CMG giving it
back
[08:17 am] mikewd2 -: you haven’t explained
the >42 cent line, have you?
[08:17 am] vans : Has anyone drawn the
>42 cent lines from open today to see how
crazy accurate it predicts bounce and
resistance?
[08:18 am] mikewd2 -: vans, did you dump your
CMG options?
[08:18 am] stevemld : tell me about 42 cent
Vans
[08:20 am] mikewd2 -: good
[08:20 am] mikewd2 -: now explain the 42 cent
lines, please
[08:20 am] vans : I did sell cmg option. Did
not like chart, wanted to let it settle
lower.
[08:21 am] ltacher : let me share this
article with you traders
[08:21 am] mbear : aapl looks like it may
give a real quick bounce
[08:21 am] vans : GXtrader didn’t let me
trade today. Said I fell bellow margain. AM
way above. They are checking out why locked
me out. Missed all this morning. So
angry
[08:22 am] ltacher :
http://www.marbridgeconsulting.com/marbridged
aily/archive/article/48921/rumor_miit_prepare
s_new_online_search_regulations
[08:25 am] Brent : no eyes he’s here
[08:25 am] eyes-inthenow : He is very
quiet
[08:25 am] eyes-inthenow : Is Mking still on
vacation
[08:25 am] skydiver : Thanks for that
article Itacher[08:27 am] babak -: GME
long
[08:27 am] bernard : in TNA 38.29
[08:27 am] eyes-inthenow : Mitch what are
your thoughts on swinging TNA
[08:27 am] ltacher : EURope closing in 10
min
[08:27 am] vans : Am told that company
computers buy and sell their S&P 500
companies based on .42 cent moves in the SPY.
Also decide direction based on time. Each day
a different pattern, but if can find the
early morning channels for the 42 cent lines
then can predict much of the rest of the day.
People do influence the channels somewhat,
especially in high volatility days. but on
calmer days =you can see easily the computer
at work. and the time frames. usually 45 min
to 1.5 hr cycles
[08:28 am] skydiver : Interesting info
Vans
[08:29 am] candelas : enjoy Kris
[08:29 am] gecko : still more trading done
by humans though
[08:29 am] gecko : that’s interesting
vans
[08:29 am] joeytsa : enjoy Kris
[08:29 am] junior : Have a great one
Kris….enjoy your friends!!!
[08:29 am] lightning : have a fun weekend.
be safe
[08:29 am] mbear : take care Kris…enjoy
the weekend
[08:29 am] observer : cu, Kris enjoy the
weekend
[08:29 am] rd : be safe and have fun.
[08:29 am] skydiver : Having a great day —
Thanks Kris and see you Monday
[08:29 am] skydiver : Take care Kris
[08:30 am] stevemld : thanks Kris n have a
good wknd[08:30 am] vans : I often decide
when to buy and sell my stocks just by
looking at the SPY
[08:31 am] lightning : I think we already
saw Brent’s moneymakers in that video
earlier
[08:31 am] mikewd2 -: find us some money
makers Brent!
[08:31 am] mikewd2 -: haha[08:31 am] vans :
Really is no different then support and
resistance as the 42 cent lines create
this.
[08:36 am] sonorant : Good luck Kris!
Enjoy.
[08:41 am] mikewd2 -: nice call Brent, in .05
out .22
[08:42 am] gecko : nice trade brent[08:42
am] skydiver : on CPN
[08:42 am] skydiver : Thanks Brent In Long
at .07 out .24
[08:43 am] Brent : nice guys, little
1%er
[08:43 am] gecko : 1m
[08:43 am] gecko : brent to u tailor ur sell
at ema 50 then 200
[08:43 am] junior : out CPN 13,25 thanks
Brent another great call!!!
[08:43 am] junior : you betcha another cha
ching in the drawer
[08:43 am] observer : we’ll take it all day
long
[08:44 am] Brent : after the 50ma I would
watch around the vwap/yesterday’s low which
are together gecko
[08:44 am] Brent : see the support it had
earlier at 13.30?
[08:44 am] Brent : will be resistance now
with the vwap and yesterday’s close all
together
[08:44 am] gecko : which chart?
[08:44 am] skydiver : Take over chatter on
YOKU
[08:44 am] truck : nice one
Brent…Thanks
[08:45 am] Brent : 1m
[08:45 am] Brent : yesterdays low is just
above at 13.32 on CPN
[08:45 am] gecko : got it
[08:45 am] mbear : L AAPL 363.35 out
364.39
[08:45 am] sonorant : I looked for VWAP
yesterday and didn’t see it –where is it
hiding?
[08:46 am] gecko : look at 10.30 and 11
[08:46 am] gecko : was at ema 200 10.30
[08:46 am] gecko : with sma 200 just
above
[08:46 am] sonorant : How do I add the
indicator?
[08:47 am] Brent : it’s a custom formula
sonorant, we will be giving it out at the
webinar
[08:47 am] candelas : hod BIIB
[08:47 am] gecko : what system sonorant
[08:47 am] sonorant : esignal[08:48 am]
Brent : Esignal doesn’t have it standard
[08:48 am] gecko : call esignal technical
support
[08:48 am] gecko : they should be able to
help u
[08:48 am] ltacher : Brent is the webinar is
on line
[08:48 am] sonorant : I actually have it
somewhere, I just don’t know how to port it
over to ESignal[08:48 am] sonorant :
Thanks
[08:49 am] Brent : are you on windows 7?
[08:49 am] Brent : yes, do you know where the
file is on your computer sonorant?
[08:49 am] eyes-inthenow : see you all
monday[08:49 am] qwert : you have to save it
into your formulas file
[08:49 am] sonorant : Ah..
[08:49 am] sonorant : Good idea
[08:49 am] sonorant : Yes
[08:50 am] Brent : ok, go to program files
x86 on “my computer”
[08:50 am] observer : cu, eyes
[08:50 am] qwert : see ya eyes have a great
weekend
[08:50 am] sonorant : No, vista. The file
is on my desktop
[08:50 am] vision : test
[08:51 am] Brent : then click on Esignal
folder
[08:51 am] Brent : there will be a formulas
folder there. Drag your vwap formula from
your desktop into that folder
[08:52 am] doji : Brent
[08:52 am] doji : Brent, when is going to be
the webinar?
[08:52 am] sonorant : Thanks, will try
it.
[08:53 am] Brent : Sept 23, 24, 25. but they
will be available to view at anytime for the
people that sign up and can’t make those
days
[08:53 am] lightning : what’s the pricing on
the seminar? (free to subscribers?)
[08:53 am] ltacher : I would be able to see
it live ..
[08:54 am] Brent : an email is going to be
sent this weekend lightning
[08:54 am] doji : Thanks
[08:54 am] lightning : ok, i will look for
it.
[08:55 am] doji : I hope so lightning…
Kris said he will teach how to integrate
Lightspeed and Ninja Plots
[08:55 am] doji : TDA sucks!
[08:56 am] Brent : becareful when you type
that doji, the “s” is really close to the “d”
on the keyboard
[08:56 am] lightning : I keep thinking that
BKS will bounce, but that daily chart tells
me to stay away
[08:56 am] lightning : lol[08:56 am]
lightning : TDA ducks?
[08:57 am] Brent : I’ve never used it
Itacher. I’ve used lightspeed and IB with
ninja
[08:57 am] ltacher : Brent any thought s on
tradestation?
[08:57 am] mikewd2 -: i was looking at
tradestation, but there commissions are
pretty high, right?
[08:58 am] dan : Brent ,BKS ?
[08:58 am] mikewd2 -: i like the idea of all
in one, that’s why i haven’t moved from
Etrade pro – yet
[08:59 am] ltacher : I am using it very cool
..
[08:59 am] staz : Brent, getting ready to
make a switch – do your prefer LS or IB? Can
I use the LS trader software or do I really
need Ninja too?
[08:59 am] vans : Fslr has a lot up upside
potential, but charts arent ready. sitting
near good support
[09:00 am] gecko : noon
[09:00 am] toptrade : Brent, has a date been
set for the seminar
[09:01 am] Brent : its 1-3 cents
Itacher[09:01 am] gecko : bks noon
reversal
[09:01 am] ltacher : the spread of BKS is
quite high
[09:01 am] staz : Sept 23, 24, & 25th
Toptrade[09:02 am] toptrade : ty[09:03 am]
ltacher : for a second looks like was .06c
the spread never mind ..
[09:05 am] gecko : seems like yest close has
a pattern on dow[09:06 am] gecko : failure
first attempt followed by follow through next
time
[09:06 am] joeytsa : ltacher..are you
looking at spreads to cut into, or just as
something to watch?
[09:08 am] Brent : yes those are the dates
toptrade but anyone who signs up can view
them anytime. To review, or if you couldn’t
make those dates
[09:08 am] joeytsa : looking forward to it
Brent
[09:08 am] neuronx : guys daytrading account
is min 25k in all brokers>?
[09:09 am] Brent : we’ll be sending an email
out this weekend with all the info
[09:09 am] candelas : although tradestation
wants u to open with 30K
[09:09 am] lightning : yes, per FINRA
regulations.
[09:09 am] ltacher : joeytsa I watch them
and try not to trade those with high spread
trying to avoid them .. cuts it takes big
percentage of your gains ..
[09:09 am] neuronx : `ok thanks
[09:09 am] staz : Yes, neuronx, it is a
FINRA rule
[09:09 am] staz : You can offer between the
spread too, it often gets taken
[09:10 am] Brent : someone asked me what I
prefer earlier. I prefer IB with Ninja over
Lightspeed.
[09:10 am] joeytsa : gonna try it again
soon
[09:10 am] joeytsa : i used to cut spreads
back in the fraction days
[09:10 am] neuronx : i like ligtspeed demo
work fast
[09:11 am] Brent : I think there was another
question too, if I didn’t answer it, ask me
again
[09:11 am] ltacher : joeytsa is very
difficult to trade like i made a trade with
Mitch report bull short SINO as the volume
was increasing spread was getting wider and
wider ..so ..[09:11 am] staz : Brent, that
was me… just trying to cut the
research
[09:11 am] staz : Yes, does LS offer charts
or do I have to get Ninja too?
[09:12 am] ltacher : was good trade made 15%
gain ,,
[09:12 am] staz : I am all-in-one with TOS
now, but TDA cutover has been
problematic
[09:13 am] Brent : lightspeed has charts. I
don’t like them so I used Esignal with
Lightspeed.
[09:13 am] joeytsa : staz…LS has charts,
not the greatest though
[09:14 am] Brent : I have both mikewd2. Not
sure why really, I just can’t get myself to
cancel Esignal[09:14 am] mikewd2 -: also, is
tradestation commissions a bit high?
[09:14 am] mikewd2 -: Brent do you use Ninja
versus esignal due to cost difference?
[09:15 am] candelas : sam 4 me, i have
esignal and tradestion[09:15 am] candelas :
same for me
[09:15 am] doji : Staz, do you experience
any delays with TOS?
[09:15 am] ltacher : TNA holding right at
pivot 38.62
[09:15 am] mikewd2 -: candelas, what is
commission on tradestation[09:15 am] neuronx
: It is some company star allience is min 5k
for daytrading if is illegal how they
possibly do it or its BS>
[09:15 am] sonorant : So when you trade from
within the charts on Ninja, are you using the
Ninja charts?
[09:15 am] vans : tzoo is a watch
[09:16 am] Brent : Here’s the way I look at
it. I get what I like and feel confident
with. $150-$200 per month is less than $10
per day. Having the right tools will easily
make up the cost difference.
[09:16 am] ltacher : I got TNA at 38 ..
[09:16 am] mikewd2 -: TNA trading in a nice
little up channel, traded it twice in last
hour
[09:16 am] sonorant : What does TOS stand
for?
[09:17 am] Brent : I like the Esignal charts
the best, but I don’t like their order
platform so I switched to ninja
[09:17 am] candelas : depends flat rate is
6.99 up to 5000 shares or per share which .01
per shar[09:17 am] doji : TOS = Think or
Swim
[09:17 am] joeytsa : sonorant..tos i believe
they are meaning think or swim
[09:17 am] sonorant : Thanks
[09:17 am] staz : Doji used to be ok; now it
depends on the day after the TDA cutover;
plus commissions too high; I just know how to
run it and have wanted to concentrate on
learning to trade, not a platform
[09:17 am] staz : TOS = Think or Swim., but
now they are owned by TDA; so far, I don’t
like the changes, even less short
inventory
[09:18 am] Brent : trade on the DOM (depth of
market) and then manage the trades on the
Ninja chart
[09:18 am] Brent : yes sonorant
[09:18 am] candelas : is vans here
[09:18 am] candelas : that’s way too much
mike’
[09:18 am] doji : Staz, I know TOS very
well, I like the platform but sometimes is
too slow and the commisions are too high
[09:18 am] joeytsa : i love the Esignal
charts here in the room…so glad they were
added
[09:18 am] ltacher : i st my stop at
36.30
[09:18 am] mikewd2 -: ok, i’ve got etrade pro
now at 5.99
[09:18 am] mikewd2 -: per trade
[09:18 am] sonorant : And then you trade off
the Ninja charts?
[09:18 am] staz : Mike, that is too
much
[09:19 am] candelas : they have 2 plans
[09:19 am] candelas : way too
[09:19 am] mikewd2 -: ?[09:19 am] mikewd2 -:
oh
[09:19 am] mikewd2 -: thought you said TS was
6.99
[09:19 am] vans : Yes Candelas, but locked
out of my trading. company doesnt know why.
Missed all morning so going paper and
research
[09:20 am] candelas : flat rate which is
6.99 up to 500o shares
[09:20 am] candelas : the second is .01 per
shar[09:20 am] joeytsa : mike…can’t do
that with lightspeed though
[09:20 am] joeytsa : they only work during
certain hours i think
[09:20 am] mikewd2 -: i really need to spend
more time on figuring these platforms out.
spent a couple hours last weekend
[09:20 am] sonorant : Brent, will you go
over DOM in the seminar? And is the DOM you
are using in Ninja?
[09:20 am] vans : Everything moves in slow
motion when you paper trade, strange
[09:21 am] candelas : ans[09:21 am] candelas
: hey
[09:21 am] candelas : is vans still
here
[09:21 am] candelas : so 100 shares is
$1
[09:21 am] doji : Don’t know you guys but
being today Friday and with all these worries
from Europe, I think the market will end up
in a sell off…
[09:21 am] joeytsa : doji…also options
expiration
[09:21 am] joeytsa : yes on LS rates
[09:21 am] ltacher : TNA made a bottom 36.24
and bounced back to almost 39.80
[09:21 am] mikewd2 -: LS has a $1 min even on
100 shares
[09:21 am] mikewd2 -: ok, that’s what i need
candelas
[09:21 am] mikewd2 -: right?
[09:21 am] staz : Mike, LS is 45 cents for
100 shares or 4.50 unlim according to
website
[09:22 am] candelas : Mike u will find that
the 3 firms Brent mentioned pricing is
compettive[09:22 am] doji : Ah, yes
Joesytsa, thanks
[09:22 am] joeytsa : the new weeklys came
out last night too
[09:22 am] vans : Here, Present
[09:23 am] candelas : min. is $2500
[09:23 am] candelas : that way u can still
daytrade[09:23 am] candelas : Vans, have u
thought about opening prop account
[09:23 am] doji : I trade TNA twice today,
the second one I took it at 36.47 anc already
closed it
[09:23 am] doji : What is a prop account
Candelas?
[09:24 am] qwert : ibm sitting at 200
ma
[09:24 am] vans : Somebody posted a link
yesterday about market timing. Would love to
get it for a good read.[09:24 am] vans :
What is PROP
[09:25 am] candelas : proprietary trading
firm
[09:25 am] candelas : they trade their own
money as opposed to clients
[09:25 am] doji : NTAP approaching support @
36
[09:26 am] candelas : they usually will
allow leverage from 10X to 20X
[09:27 am] candelas : depends on
experience
[09:27 am] candelas : I mention it Vans bcuz
u said u have a balloon payment coming end of
month
[09:28 am] Brent : Candelas, do you have to
keep just your initial investment in there
for a year? or do they have a rule on
that
[09:28 am] candelas : no I work for
myself
[09:28 am] monster : crm[09:28 am] vans :
Read about PROP on internet just now, Do you
work for one and look for customers
Candelas
[09:29 am] Brent : ok, profits and everything
tied up for 90 days?
[09:29 am] candelas : they change the rules,
they give money back after 90 dyas[09:29 am]
ltacher : candelas That is how i started in
New York firm made some money and now I trade
with own ..now days the technology is so
advance that you can trade out of your living
room ..
[09:29 am] vans : OK, understand. Sounds
like a quick way to go broke
[09:30 am] Brent : ok, thx
[09:30 am] candelas : just ur deposit
profits paid out 1 per month
[09:30 am] candelas : no problem
[09:30 am] candelas : once per month
[09:30 am] neuronx : Brent I know 1 company
Star Alliance in NY min deposit for
daytrading 5k not 25k what you think about
it
[09:31 am] Brent : never heard of it neuronx.
If it’s not a 25k min, then it is most
likely a prop firm
[09:31 am] candelas : do ur research when
choosing a firm
[09:31 am] candelas : i like prop firms cuz
u can short just about anything
[09:31 am] neuronx : but you can get you
deposit what you mean prop>?
[09:32 am] candelas : depends on which one u
deal with Neuronx[09:32 am] candelas : just
like anything else some good some bad
[09:32 am] candelas : short for
proprietary
[09:32 am] neuronx : ?
[09:32 am] neuronx : prop firm is BS
[09:33 am] Brent : no, it works for a lot of
people. But candelas is right. I don’t
think they are held to the same standards as
brokerage firms, so you need to know who you
are sending your money to. I don’t think it
is insured the same way
[09:34 am] ltacher : Candela I think you
need to be Lic 56 to trade with a Prop
firm
[09:34 am] neuronx : ok thanks Brent
[09:35 am] candelas : yes congress passed
the rule to help guard against many issues so
u do have to take a test now
[09:36 am] rosmag : interesting week, tks
TSA for guidance this week….everyone have a
great weekend.
[09:36 am] vans : BKS may still have some
life
[09:37 am] candelas : time will tell
[09:37 am] ltacher : thats good back in the
days was so much easy ..
[09:38 am] candelas : final wins as all
these people now have to get lic 56 for$200
pop
[09:39 am] candelas : BIIB provided nice
short
[09:39 am] ltacher : Kris thank you ..I
really enjoyed this week trading thank
you
[09:39 am] staz : Bert, should I add a
salesperson name when opening LS
account?
[09:39 am] vans : This market seems very
slow for this hour.
[09:40 am] Brent : it’s Friday vans
[09:40 am] Brent : staz, you mean a referral
name?
[09:40 am] ltacher : CMCSA moving
higher
[09:41 am] Brent : oh, no one in particular
staz[09:41 am] joeytsa : its lunchtime on
the east coast….
[09:41 am] staz : thx
[09:41 am] staz : Well I used TSA for that,
but then there is a dropdown to add a
salesperson, so I wanted to know if TSA works
with one and I should pick
[09:50 am] Brent : are you new horses?
[09:50 am] horses : yes, and a little slo
typ’n[09:51 am] Brent : welcome to the room.
We don’t have a type speed minimum here
[09:51 am] doji : lol[09:51 am] ltacher :
horses which test is that if you don’t
mind
[09:52 am] candelas : welcome horses
[09:52 am] horses : thanx, is this a slo
day?
[09:52 am] joeytsa : welcome horses
[09:53 am] Brent : most of the action happens
the first two hours horses. Quality setups
are not frequent later in the day. This is
where a trader can give up a lot of profits
by overtrading
[09:53 am] ltacher : I hope people
understand me ….
[09:53 am] ltacher : look at me typing ..I
am spanish hard for me to type ..oh
well
[09:54 am] joeytsa : amen Brent
[09:54 am] sonorant : Welcome horses
[09:55 am] candelas : is this ur 2nd week
ltacher[09:55 am] candelas : yes understand
you ltacher[09:55 am] doji : Se habla
espanol[09:55 am] doji : Whera are you from
Itacher?
[09:55 am] joeytsa : horses..is the name
because you like horses, or bet them 🙂
[09:55 am] ltacher : thanks you candelas
..
[09:55 am] ltacher : Welcome horses I am new
here too it feels like being in a real class
room
[09:56 am] Brent : I had to google it
[09:56 am] Brent : lol[09:56 am] Brent : yo
entiendo Itacher[09:56 am] candelas : that
was good Brent
[09:56 am] doji : nice people and nice
women
[09:56 am] ltacher : dogi I was Born Caracas
Venevuela[09:56 am] ltacher : Si senor
[09:57 am] doji : Where are you living now
Itacher?
[09:57 am] horses : 10-4, just noticed that
the time doesn’t go back to the open,
brent.
[09:58 am] Brent : there were about 23 trade
ideas this morning in the first hour
horses
[09:58 am] candelas : Caraqu~o would like
to go
[09:58 am] doji : Hey Itcaher, this is my
e-mail: [email protected] a ver si
podemos intercambiar ideas..
[09:58 am] doji : I am now living and
working in Rio de Janeiro, Brazil
[09:58 am] joeytsa : in this window..time
goes back a little bit b4 you enter teh room
it seems
[09:58 am] ltacher : I live in New York for
20 years now I am here Florida West Palm
Beach few blocks away from Andres Galarraga
…
[09:59 am] horses : joeystr, i just feed ’em
& then do the next step
[09:59 am] horses : thanx, brent.
[09:59 am] ltacher : wow doji incredible
..we have people here from all over the world
incredible
[10:00 am] Brent : we had someone from Hong
Kong Itacher that would trade our open before
he went to bed
[10:00 am] doji : We can exchange trading
lessons for a trip to Rio…
[10:00 am] joeytsa : cool horses…i’m in
the process of becoming a race horse
owner
[10:00 am] ltacher : doji thank you men
..love it …
[10:01 am] doji : By the way, I have a very
nice view from my office here in Rio…
[10:01 am] doji : We can trade right from
the beach!!!
[10:01 am] ltacher : doji I am planning to
fly to rio soon i hope .
[10:01 am] qwert : watching adsk[10:02 am]
candelas : ur teasing us Fernando
[10:02 am] doji : All of you are more than
welcome!
[10:02 am] doji : OK, just let me know
Itacher…. you already have my
e-mail…
[10:03 am] candelas : i do need a
vacation
[10:03 am] candelas : that’s more than
fair
[10:03 am] doji : House, food and drinks are
provided….for a piece of your trading
knowledge
[10:04 am] Brent : lol[10:04 am] candelas :
thats worth alot many places
[10:04 am] joeytsa : my trading knowledge
will get me water, bologna and a newspaper to
cover my head 🙂
[10:04 am] junior : doji what time is it
there?
[10:04 am] ltacher : wow thank you
doji[10:05 am] doji : 2:05PM
[10:05 am] doji : By the way, rio is the
10th most expensive place to live in the
world…
[10:05 am] qwert : brent any thoughts on
adsk[10:05 am] sonorant : Brent, any
thoughts on cmcsa?
[10:06 am] doji : ADSK
[10:06 am] doji : Here comes the volume
Brent
[10:06 am] qwert : ok thanks
[10:07 am] sonorant : Thanks Brent
[10:08 am] doji : How long back you look at
when looking for S/R Brent?
[10:08 am] qwert : thanks still
watching
[10:09 am] Brent : I don’t have a limit doji.
The support I was referring to was from July
2010 on ADSK, plus the natural even number
support
[10:10 am] Brent : you mean the chart
doji?
[10:10 am] doji : Thanks Brent. Can you
please post ADSK in the Trading Room?
[10:10 am] doji : Yes please
[10:12 am] doji : eSignal charts are very
good
[10:12 am] doji : Thanks Brent
[10:13 am] mikewd2 -: u looking to move on
ADSK Brent?
[10:15 am] mikewd2 -: good, my thoughts
also
[10:16 am] candelas : be nice if we could
get a hpq setup like yesterday
[10:16 am] candelas : more like slow
drip
[10:22 am] qwert : watching rht[10:25 am]
ltacher : Micht V patter I love those
[10:26 am] doji : Anyone took ADSK?
[10:27 am] ltacher : Actually watching it
for quick bounce
[10:27 am] ltacher : second bar green
[10:27 am] mikewd2 -: no doji, it just looks
like a slow death
[10:28 am] gecko : adsk[10:29 am] gecko :
and ema 15
[10:29 am] gecko : candle above ema 5
[10:29 am] gecko : continuation would be
candle above vwap[10:31 am] candelas : its
great when u combine candles and
support/resistance
[10:31 am] gecko : 5 candles above on 1m
light chart
[10:32 am] gecko : now above moving moving
vwap[10:33 am] gecko : important point
candelas
[10:34 am] qwert : gecko i have vwap on adsk
at 25.28 where do u have it
[10:34 am] vans : amzn broke low
[10:35 am] gecko : different then just
vwap[10:35 am] gecko : i have a volume
weighted moving average on the 1m light chart
set at 20
[10:35 am] ltacher : I like long and Strong
green bar ..ADSK bar look very W
[10:36 am] qwert : thanks gecko
[10:37 am] candelas : c ya ronfranc[10:37
am] gecko : sure
[10:37 am] ronfrac : I don’t have any idea
as to where this market will close. Think
I’ll call it a day and go feed my plants.
Ya-all Have a good weekend .[10:38 am] doji
: ADSK breaking down
[10:38 am] gecko : adsk proving that its
still short
[10:38 am] gecko : randall r u there
[10:38 am] mikewd2 -: good idea ron[10:39 am]
gecko : 23 maybe?
[10:39 am] gecko : another strategy which
would have worked in this case is to short it
at the ema 15
[10:39 am] gecko : probably needs a round
number support and/or time to reverse it
[10:40 am] gecko : esp with trending short
market
[10:40 am] mbear : Mitch- what do you think
about a small TQQQ entry for swing trade
here?
[10:43 am] doji : Market is selloff
mode
[10:44 am] candelas : but he is also working
on 50 projects also im sure
[10:44 am] candelas : can’t recall who
recommended but “trading from the gut” is a
great read
[10:44 am] vans : Many of you have a lot of
monitors with several charts on each monitor.
This is very nice. What charts are you using
that allow you to place so many charts on
different screens???
[10:51 am] junior : JCP
[10:52 am] candelas : SGEN
[10:52 am] sfarrill : SGEN
[10:54 am] candelas : good for them better
for me
[10:54 am] skydiver : SGEN received approval
on a drug it makes
[10:57 am] candelas : there will be more
Qwert[10:57 am] qwert : darn stepped away
for 2 mins missed sgen[10:58 am] candelas :
glad to hear
[10:58 am] candelas : maybe not today
[10:58 am] qwert : i know those are my
favorites now thanks to u
[11:00 am] doji : mee toooo SGEN
[11:00 am] qwert : candelas did u get a full
point from sgen[11:01 am] candelas :
1.3
[11:01 am] qwert : awesome
[11:01 am] vans : Many of you have a lot of
monitors with several charts on each monitor.
This is very nice. What charts are you using
that allow you to place so many charts on
different screens??? I have to open a
seperate freestockcharts for each one, uses
too much band width.
[11:02 am] candelas : I have tried tick
chart sometimes too
[11:02 am] candelas : i still use 1min
[11:02 am] lightning : Same was true when I
was using Fidelity for charting.
[11:02 am] lightning : Vans, I use esignal
and can have any number of charts I
want.
[11:02 am] qwert : candles are you trading
that off 1 min or have u tried those on 30
second chart?
[11:03 am] candelas : but most times
1min
[11:03 am] candelas : will look at that
[11:03 am] doji : and put one chart or
several charts in one screen also
[11:03 am] doji : Vans I use TOS and can
open many charts at the same time
[11:03 am] qwert : same here but i added 30s
to my favorites to try it
[11:04 am] vans : Do these allow you to put
charts on different monitors?
[11:05 am] qwert : vans you just spread your
workstation across however many monitors you
have
[11:06 am] doji : Yes Vans
[11:06 am] gecko : big candle down
[11:07 am] doji : Market diving
[11:07 am] sonorant : Vans, I have 2 laptops
— not fancy. Trading room on one, trading
platform on the other, and a 24″ monitor
hooked in to one of the laptops, with about 6
Esignal charts displaying on the big
monitor.
[11:09 am] vans : DIdn’t think of that, Will
attempt it now, thanks
[11:10 am] candelas : hod JCP
[11:12 am] candelas : hit resist too late
for short now
[11:14 am] qwert : your welcome
[11:14 am] vans : It worked fantastic.
Reconfigured monitors and have huge work
area. Thanks everyone.
[11:15 am] vans : Now maybe I can keep up
with kris in the morning, LOL
[11:17 am] candelas : nice Doji[11:17 am]
doji : JCP S 25.1
[11:19 am] junior : Mitch, Brent, and tsa
members, thanks for a great week, enjoy the
weekend and adios until Monday
[11:21 am] sonorant : Brent, on stocks with
a pattern like SGEN, when it goes up and down
a second time, does it usually end up back
where it was after the first big fall?
[11:21 am] vans : intu could be good
short
[11:22 am] Brent : that’s usually a good
target sonorant. It’s an advanced trade
[11:23 am] Brent : Mitch likes them
[11:23 am] sonorant : Advanced or not, it
definitely seems to be a favorite trade
around here 😉
[11:23 am] sonorant : And the second helping
goes more slowly…. more manageable than
the first
[11:24 am] Brent : I think Candelas has been
known to trade a share or two also
[11:25 am] candelas : moving stop down on
jcp[11:27 am] candelas : stop out jcp[11:28
am] candelas : nice trade Doji[11:28 am]
candelas : plus .99
[11:28 am] doji : 0.6 points
[11:28 am] doji : All out JCP.. 0.6
pints…. thanks to whoever called for JCP
hod[11:33 am] vans : CF at resistance
[11:35 am] vans : CF could break down, huge
potential
[11:36 am] joeytsa : looks like CF started
breaking down about 20 minutes ago
[11:39 am] vans : Looking for long if
dropped past support
[11:40 am] doji : Market rebounding? Any
news?[11:40 am] joeytsa : CF just shot up 2
points…might set up a short
[11:41 am] joeytsa : not seeing anything
doji[11:42 am] doji : Perhaps just bottom
fishing…. but it’s Friday so it takes a lot
of caracter to go long….
[11:45 am] ltacher : TEVA looking very
strong here
[11:45 am] vans : CF was nice $1
[11:46 am] vans : didn’t short
[11:48 am] ltacher : the VXX looks like a
nice Bull Short on the Daily chart
[11:49 am] ltacher : MACD looks very super
over bought
[11:53 am] vans : FSLR at major resistance
from June 2010
[11:53 am] vans : May see 55 again
[12:01 pm] candelas : no one want to hold
over weekend
[12:01 pm] lightning : getting uglier.
[12:01 pm] lightning : well, I’m short.
getting prettier
[12:03 pm] joeytsa : holding a stock from
friday close to monday open seems like an
eternity in this market
[12:06 pm] vans : could of made a fortune
with that crystal ball today. Right back
where we started.[12:08 pm] vans : anybody
else get this CF short
[12:09 pm] rd : have to go a bit early,
great weekend to all.
[12:11 pm] vans : Out all, Have to go now
myself. Thanks all for help.
[12:19 pm] joeytsa : AGQ flying
[12:20 pm] joeytsa : well i think i am done
for the week…got a few more horses to
play…hope everyone had a great weekend
🙂
[12:23 pm] doji : Short selling
covering?
[12:23 pm] qwert : Mitch- can u give your
thoughts on opening small long positions
before the close aapl, cmg?
[12:26 pm] candelas : will just watch, I’m
done 13 w and o L , $4,826 to the bank
[12:27 pm] sonorant : cancela, is that
today, or this week?
[12:28 pm] Brent : great work candelas
[12:28 pm] candelas : today
[12:28 pm] qwert : nice candles
[12:28 pm] sonorant : candelas, sorry
[12:28 pm] sonorant : how big is your
pot?
[12:28 pm] sonorant : yes, very
impressive
[12:29 pm] candelas : usually I don’t
mention the money but it goes to show that
TSA really has some great teachers
[12:29 pm] lightning : way to go
candelas!
[12:29 pm] sonorant : that is what keeps all
of us beginners coming back — that kind of
inspiration!
[12:29 pm] sonorant : when did you start
trading?
[12:30 pm] candelas : started trading in
99
[12:30 pm] candelas : the right way a year
ago. When all things fell into place 6 months
ago
[12:31 pm] candelas : i had a million bad
habits
[12:31 pm] sonorant : like?
[12:31 pm] sonorant : OMG! So you hung in
there until a year ago, and then it really
took off….
[12:32 pm] candelas : I wish I was
introduced to TSA in 99, it would have saved
me millions
[12:32 pm] mbear : hey gecko…been watching
the time of day a little more
recently…looks like a 12:30 reversal
no?
[12:32 pm] sonorant : wow
[12:33 pm] candelas : the biggest difference
is that I am very consistent now and very
disciplined
[12:33 pm] sonorant : Actually, it would
have saved me a great deal too, if I had
found him a few years earlier.
[12:34 pm] candelas : and of course the
knowledge has grown and still is
[12:34 pm] sonorant : Well, it is Friday,
and I am sure you are ready for the weekend,
but I bet we would all love to hear more at
some point.
[12:35 pm] candelas : i leave that to Brent
and Kris
[12:35 pm] candelas : no problem be happy to
share
[12:35 pm] candelas : technically no
[12:35 pm] mbear : candelas – have you done
any one-on-one coaching?
[12:36 pm] belair : Brent,yesterday you or
Kris mentioned the book “Trading in the
Zone”. There are two books with that title,
one by Ari Kiev and one by Mark Douglas.
Would you know which one is the one being
recommended? Thanks
[12:36 pm] candelas : no, but I did learn
from them being in the trading room
[12:36 pm] lara : Do you do both day trading
and longer trades?
[12:36 pm] mbear : actually that’s what I
meant – if you had done one-on-one coaching
with Brent or Kris…
[12:36 pm] sonorant : which platform are you
on again (my quest at the moment)?
[12:37 pm] belair : Thank you.
[12:37 pm] candelas : yes I do Lara
[12:37 pm] mbear : I’ve been improving my
trading a little bit every week it seems, but
have been thinking about a jump-start through
a personal lesson with Kris or Brent…so was
just wondering
[12:37 pm] qwert : it’s the one by douglas
belair[12:38 pm] candelas : u can’t go
wrong, I’m just a different type learner
[12:38 pm] sonorant : I know, once I get the
platform settled, it seems a tutorial might
speed things up a bit.
[12:40 pm] candelas : i would definitely
recommend it sonorant
[12:42 pm] tennisball : brent, there is a
plan for a siminar or webinar soon . Right?
thks.
[12:43 pm] Brent : yes tennisball sept
23-25th. Webinar
[12:43 pm] sonorant : Another question Brent
— why do you folks advise against trading
late in the day, and what is your cut off
time?
[12:44 pm] tennisball : looking
forward-great.
[12:45 pm] Brent : quality of ideas go down
later in the day. Volume slows up etc. I
don’t have a cut off time, I just pay close
attention to the rules of my strategy and
don’t trade outside those rules.
[12:50 pm] Brent : when I first started, I
traded too much off of what I thought “looked
good” not what matched a specific setup.
This caused me to think a lot of ideas
“looked good” later in the day and I’d give
away all my profits.
[12:51 pm] Brent : lol[12:51 pm] Brent : Sept
23, 24, and 25th
[12:51 pm] Brent : so writing down specific
rules for each strategy I trade helped me
avoid that
[12:51 pm] klas : I would like to know rules
also
[12:51 pm] qwert : you should post your
written rules brent[12:51 pm] sonorant : So
when do you teach the specific rules?
[12:52 pm] Brent : I think it goes out Sunday
morning mhaus[12:52 pm] Brent : Kris, Mitch
and I are teaching everything at the
seminar.
[12:52 pm] Brent : webinar I mean
[12:52 pm] Brent : We’ll have specific rules
for every strategy
[12:52 pm] Brent : yes mhaus[12:52 pm]
duckfan : me too
[12:52 pm] klas : Right on
[12:52 pm] mhaus : Brent, is that when you
have the webinar?
[12:52 pm] mhaus : When will you send an
email with the details?
[12:52 pm] qwert : cool
[12:52 pm] sonorant : It would be incredibly
helpful if you would post the rules, or send
out the information a week or so before the
webinar so we have a chance to digest it.
It would really help with the information
overload factor.
[12:53 pm] mhaus : OK. I will look out for
that this Sunday.
[12:55 pm] lightning : Thanks TSA and
everyone. Another crazy week in the books.
Have a good weekend and see you Monday.
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