(06:16 am) Mitch :September 10, 2013 Pre
Market Up:FIVE, TSLA, RCL, SPY, NKE, AAPL,
INO, V, INFY, AMZN, GS, NFLX, RIO
Pre Market Down: STWD, XONE, GPOR, SFM, CROX,
NRGM, NUGT, PVH, GOLD, HDS, NBIX,
URBN
(06:29 am) Mitch King:monitoring GPOR
today. it has been on a hot run last 10
days so it could start breaking
down
(06:30 am) JoeyTSA :nice move on
FIVE
(06:30 am) Mitch King:watching CELG
for trades both ways
(06:30 am) Mitch
King:CSIQ strong
(06:30 am) Mitch
King:watching NBIX
(06:30 am) Mitch
King:watchign CAG
(06:30 am) Mitch
King:LVS strong today
(06:31 am) Mitch
King:ETFC spiking
(06:31 am) Qwert
:watching FIVE
(06:31 am) Mitch
King:watching APA
(06:31 am) Mitch
King:watching CROX for top to short, take
time
(06:31 am) Mitch King:monitoring SRTY
for top to short, take lots of time
(06:31
am) Mitch King:watching BRKR for bottom, low
vol though
(06:31 am) Mitch King:watching
SWK for top
(06:32 am) Mitch King:GS added
to Dow30 along with NKE and someone
else
(06:32 am) Mitch :watching
BRKR
(06:32 am) Mitch King:watching CREE
for top
(06:32 am) JoeyTSA :watching MPC
for bottom
(06:32 am) Mitch King:watching
IGT for top
(06:32 am) Mitch King:thats
etrade = ETFC
(06:33 am) Mitch King:NKE is
third stock to be added to Dow30, HPQ, BAC
and a 3rd removed
(06:33 am) Mitch
King:watching URBN
(06:33 am) Mitch
King:watching PHM, Pulte homes, take
time
(06:34 am) Mitch King:watching CAG
closer
(06:34 am) Mitch King:NFLX strong
today, close to all time high, within 2
points from 2011
(06:34 am) Mitch
King:watching PANW for bottom to
buy
(06:35 am) Mitch :watching
FSLR
(06:36 am) Mitch King:not expecting
gold stocks to bounce on this drop
(06:36
am) Mitch King:HLF trending up
(06:36 am)
Mitch :weatching SINA
(06:37 am) Mitch
King:URBN bouncing
(06:37 am) Mitch
King:monitoring RUE
(06:37 am) Mitch
King:watching MPC
(06:38 am) Mitch
King:monitoring OUTR
(06:38 am) Mitch
King:CL 10 is uptrending, buy on
dip
(06:39 am) Mitch King:watching IGT
closer
(06:39 am) Mitch King:dont forget
RH
(06:39 am) Mitch King:watching RH for
bottom
(06:39 am) Mitch King:watching AAPL
for bottom
(06:39 am) Ed :having issues
with my data feeds
(06:39 am) Mitch
King:PANW bouncing
(06:40 am) Mitch
:watching FB
(06:41 am) Mitch
King:watching TRIP for bottom
(06:41 am)
JoeyTSA :SHLD with nice breakout, missed
it
(06:44 am) Mitch :watching
BMRN
(06:46 am) Mitch King:watching ISIS
for bottom
(06:47 am) JoeyTSA :watching NS
for bottom
(06:47 am) Mitch King:AMAP
still hot, last few days really
strong
(06:48 am) Mitch :watching
GMCR
(06:50 am) JoeyTSA :eye on XONE on
this pullback to $63 area
(06:51 am) Ed
:(SY) EU’s Ashton: Supportive of the proposal
for Syria to give up its chemical weapons, a
new Syrian proposal is necessary as soon as
possible –
(06:53 am) Mitch King:watching
PVH, slow mover
(06:53 am) Mitch
King:consider selling CAG or most of
it
(07:04 am) Mitch King:new low on
MPC
(07:04 am) JoeyTSA :SHLD has had a
couple nice moves, see if $57 holds
now
(07:06 am) JoeyTSA :AFOP breaking
out
(07:06 am) Mitch :CROX trading
halted
(07:07 am) Mitch :CROX trading
resumed
(07:11 am) Qwert :monitoring
AMAP
(07:11 am) Mitch King:monitoring
IR
(07:14 am) Ed :(US) Senate Majority
Leader Reid (D-NV): There is no need to rush
into any vote on Syria
(07:28 am) JoeyTSA
:SCTY nice uptrend today so far also, keep on
radar
(07:30 am) Qwert :monitoring
YELP
(07:30 am) Ed :SPY new hod
(07:31
am) Qwert :if anyone got AMAP short covering
some here
(07:53 am) Ed :(SY) US President
Obama has agreed to a UN discussion on the
Russia plan for Syria chemical
weapons-
(07:53 am) Qwert :monitoring
TPX
(08:07 am) Ed :/CL approaching near
lod
(08:15 am) Mitch King:this is going to
take a while, maybe 45 min to an hour or
more
(08:15 am) Mitch King:on CL
10
(08:15 am) Mitch King:looking for
fairly strong bounce next hour, bigger move
from here
(08:16 am) Mitch King:the last
buy signal i got was at 815:28am pacific time
about 1 min ago and is really
important
(08:25 am) JoeyTSA :GMCR trying
to hold $84
(08:34 am) JoeyTSA :/ES coming
down to test R2, 1680
(08:39 am) Mitch
King:anyone still long CL 10?
(08:39 am)
Ed :(SY) France Foreign Min Fabius: Russia
Foreign Min Lavrov is not much in favor of
any binding UN resolution regarding
Syria-
(08:41 am) Mitch King:ok now start
looking for an enhanced sell signal in CL 10
to close a long
(08:44 am) JoeyTSA :KRFT
still trying to find a bottom
(08:47 am)
Mitch King:we are getting into an area to
watch for sell signal on CL to close any long
and probably open short, still watching,
waiting
(08:48 am) JoeyTSA :/ES fighting
at 1677, was nice short if you got
it
(09:00 am) JoeyTSA :vol spike on ENDP,
just watching
(09:03 am) Mitch King:sell
signal in CL, important
(09:04 am) Mitch
King:the important buy signal was at 106.44
at 8:15:28 and now the important sell signal
is at 9:02:58 sell at $107.17. thats 77
ticks
(09:08 am) JoeyTSA :tighten GMCR if
long
(09:10 am) JoeyTSA :/ES right from
1677 back into 1680/R2 area
(09:14 am) Ed
:Mitch has to take quick break
(09:19 am)
Ed :AAPL will be announcing 1pm est
(09:40
am) Mitch King:or whenever joey gets back
from his mid-day siesta
(09:40 am) Mitch
King:anyone following the CL short
107.17? i think this is going to take a
while again, another 30-45 min
(09:46 am)
JoeyTSA :AAPL pulling back to $500
area
(10:02 am) Ed :AAPL starting
event
(10:03 am) JoeyTSA :eye on SODA for
potential bottom
(10:15 am) Mitch King:no
hurry though
(10:15 am) Mitch
King:starting to look for buy signal to cover
short in CL
(10:20 am) Ed :AAPL Officially
launches new iTunes Radio as part of iOS7
refresh – Apple notes new iOS7 version to be
available for free on September 18th. – New
iOS7 will work on older ipods
(10:25 am)
Mitch King:trail stop on CL
(10:37 am)
Qwert :armh
(10:42 am) Ed
:monitorig
(10:42 am) Ed :GMCR
(10:49
am) Ed :market still waiting for pricing
fromAAPL
(10:51 am) Ed :OVTI getingt some
volatility also
(10:53 am) Qwert :SCTY
moving
(10:58 am) JoeyTSA :INVN getting
activity
(11:11 am) Ed :AAPL finishing its
presentation
(11:13 am) Ed :passing on
GMCR idea
(11:14 am) Ed :sorry disregard
MDCO
(11:14 am) Ed :mdco
(11:21 am)
JoeyTSA :/ES in 2pt range past hour
(11:23
am) JoeyTSA :less than 10 until /CL pit
close
(11:27 am) Mitch King:if anyone is
interested in a short on CL that may last for
an hour this is a good area to consider
shorting
(11:30 am) Ed :AAPL new
lod
(11:31 am) Mitch King:QQQ low of
day
(12:57 pm) Ed :have a great eve
traders
| (05:52 am) JoeyTSA :Good morning
Mitch,Qwert,everyone
(05:52 am) JoeyTSA
:only report i see is JOLTS Job openings @
7pdt
(05:53 am) JoeyTSA :early gap up:
FIVE,GS,NFLX,PANW
(05:53 am) JoeyTSA
:early gap down:
MODN,NUGT,NBIX,URBN
(05:54 am) taco
:thx joey, gm everyone
(06:01 am) Qwert
:Good morning to everyone thx for the gaps
joey
(06:01 am) Qwert :/CL is really
moving
(06:08 am) JoeyTSA :qwert: did you
get that down move
(06:10 am) Qwert :nope
traded it earlier but missed the 100 tics in
10 mins
(06:10 am) Qwert :did you
joey?
(06:11 am) JoeyTSA :no, was checking
other stuff
(06:11 am) Qwert :same here
was looking for gaps
(06:12 am) JoeyTSA
:need to set Ninja sounds to only /CL maybe,
that way when i hear an alert i pay more
attention
(06:12 am) Qwert :thats a good
idea
(06:12 am) JoeyTSA :i think i can do
that?
(06:12 am) Qwert :i think so as
well
(06:13 am) JoeyTSA :not sure how to
do it though, will play around with it
later
(06:14 am) JoeyTSA :might be the p4
Siancal Alert On?
(06:14 am) JoeyTSA
:Signal not Siancal
(06:14 am) Qwert :i
think you can turn them off on individual
charts
(06:14 am) JoeyTSA :i want the
visual signal left up, just audio turned
off
(06:17 am) taco :thx
Mitch
(06:17 am) JoeyTSA :thanks
Mitch
(06:18 am) skydiver :gm all –
and thanks Mitch
(06:25 am) vision
:gm all
(06:27 am) JoeyTSA :putting XONE
on the radar, see waht it does near
$64
(06:31 am) elisha :gm
all
(06:33 am) JoeyTSA :thx Mitch, was
wondering why GS was strong so far
(06:33
am) JoeyTSA :see if NFLX can hit
$300
(06:34 am) JoeyTSA :blasted thru
$300
(06:37 am) JoeyTSA :eye n /CL
here
(06:38 am) JoeyTSA :AAPL lod, see how
much further it drops
(06:41 am) JoeyTSA
:keeping SHLD on radar
(06:48 am)
taco :big spread NS
(06:48 am)
JoeyTSA :using 1677 as /ES support for
now
(06:48 am) JoeyTSA :yeah taco, just
saw that, never traded that one, just hit my
scanner
(06:51 am) Ed :i think im back
operational
(06:51 am) taco
:good
(06:51 am) JoeyTSA :good to hear
Ed
(06:51 am) Ed :more support for this
re: Syria
(06:52 am) JoeyTSA :IBD has
listed QIHU,YY,NUS,CLR,BLOX as new
leaders..take it for what its worth
(06:52
am) JoeyTSA :actually True stock leaders not
new
(06:54 am) taco :thx for CAG
mitch i left a lot on table tho
(06:55 am)
skydiver :humm . . having issues with
esignal running and using data feed for
lightning — esignal dies now running both
platfomrs . . wonder if I can’t use esignal
data feed any longer for Ninja? will
check further later
(06:56 am) Ed :ok. hey
sky Im having issues also today with
esignal
(06:57 am) skydiver :thnks
Ed. . . esignal kept freezing up on me . .
just tried both together again and now all
working okay — thanks again Ed 🙂
(06:58
am) skydiver :monitoring KORS
(06:59
am) skydiver :I love trying to trade
with charts not working right
🙂
(06:59 am) JoeyTSA :haha
(07:00 am)
taco :use the force you must
(07:00
am) JoeyTSA :thats how i started, no
charts
(07:00 am) skydiver :wow . .
. can’t imagine trading with no charts
🙂
(07:01 am) JoeyTSA :forgot all about
CONN
(07:03 am) Mitch King:hey joey, i
used graph paper and penciled in my own
charts on daily for swing trades. i
used telebroker on phone for quotes because
they were too expensive
(07:03 am) JoeyTSA
:those were the days, hope to never go back
to that though haha
(07:03 am) JoeyTSA
:like HD tv to b&w 🙂
(07:04
am) JoeyTSA :$304 next breakout level to
watch on NFLX
(07:07 am) Qwert :i have
trades goig off on CROX
(07:07 am) JoeyTSA
:AFOP a bit lower vol, hit scanner
(07:11
am) JoeyTSA :Boehner speaking
(07:25 am)
JoeyTSA :NFLX still moving higher
(07:32
am) JoeyTSA :great one qwert 🙂
(07:32 am)
Qwert :thx 🙂 got mine for the
week
(07:32 am) JoeyTSA :haha
(07:32
am) taco 🙂
(07:33 am) JoeyTSA :FIVE
still making nice moves too
(07:33 am)
JoeyTSA :breaktime, see you in 20
(07:33
am) skydiver :enjoy joey
(07:33 am)
Qwert :enjoy joey
(07:33 am)
skydiver :TSLA moving up slowly
today
(07:52 am) skydiver :My time
is up . . messed up a bit today with faulty
readings on my charting, but ended up in
green . . $236.00 — better than red I guess
. . Make lots of $$$ and see you t omorrow
😉
(07:52 am) Qwert :cya sky
(07:52 am)
skydiver ::)
(07:52 am) taco
:c ya sky
(07:52 am) Ed :c ya
sky
(07:54 am) Qwert :thx Ed
(08:06 am)
regatta :BEE spike
(08:09 am)
regatta :watching PLCM
(08:15 am)
JoeyTSA :Ed : BIIB nice range today, one of
the ones you mentioned yesterday
(08:17
am) Ed :thx for reminder, I forgot about
it
(08:17 am) Qwert :I didnt get that buy
signal on what time frame mitch? for
/CL
(08:19 am) JoeyTSA :i got it at
8:15.13 on the 2-4-2 Lbars
(08:21
am) Qwert :i got an orange at 8:15.09 on
3-6-2lbars and got an orange sell on the 1
min at 8:14.03
(08:22 am) JoeyTSA :mine
was just a buy signal with no color
(08:22
am) Qwert :i have those turned off
(08:22
am) JoeyTSA :got an orange sell at
8:13.36
(08:24 am) JoeyTSA :to me, the
orange sell signal made more sense since the
ma’s were trending down and the price was
below all 3
(08:24 am) JoeyTSA :but every
trader sees things differently
(08:26 am)
Qwert :yep agree with you tho like to trade
with the trend on /CL
(08:26 am) JoeyTSA
:doesnt mean the long was invalid
setup
(08:26 am) JoeyTSA :now price just
bounced off the 50ma, see if it can push thru
200ma
(08:27 am) Qwert :is that on the
2-4-2 setting
(08:27 am) JoeyTSA :yeah,
sorry
(08:28 am) Qwert :no worries im on
3-6-2
(08:28 am) JoeyTSA :and some trade
on the 1min or 5min
(08:28 am) Qwert
:thats why i have a 1 min up just to
see
(08:31 am) taco :i guess either
one could hold or buy the dips until the
trend changes /CL
(08:32 am) taco
:terrific call Mitch thx
(08:32 am)
JoeyTSA :price moved 40c from that buy signal
though, good call
(08:32 am) Qwert :yeah
really nice call on /CL
(08:35 am)
taco :i could see 107.8 target for
/CL
(08:35 am) taco :nobody please
trade on that, just a guess – for new
people
(08:36 am) Mitch King:oh wow taco,
i dont see that in CL today. it could
but not likely
(08:37 am) JoeyTSA :Mitch,
its noon where he is, already hitting the
bottle haha
(08:37 am) Mitch King:if
there is another chemical attack, for
sure
(08:37 am) taco :ok, just a
novice guess, ill get better at
them
(08:37 am) taco :lol
(08:50
am) taco :AMAP still lower
qwert
(08:51 am) JoeyTSA :that was a
really nice short, i wasnt in
(08:52 am)
Qwert :yep still milking it
(08:52 am)
taco :nice
(08:52 am) Qwert
:thx
(09:01 am) chinhngo :FOR RISKY
BOUGHT UVXY at 36.7
(09:02 am) Ed :nice
call on GMCR
(09:03 am) JoeyTSA :fell a
bit further that i thought it would
(09:03
am) chinhngo :yes 6 days in the row
market go up
(09:05 am) taco
:fantastic move
(09:06 am) Qwert :awesome
move, Mitch what chart setting are you
getting that on
(09:09 am) taco
:especially to call it so well
(09:14 am)
taco :AAPL
(09:39 am) taco
:AAPL down more
(09:41 am) taco :yes
watching it, was i earlier
(09:41 am)
taco :in
(09:43 am) regatta
:watching XRAY
(09:45 am) JoeyTSA :mid-day
siesta starts in 45min 🙂
(09:45 am) Qwert
:hahaha
(09:48 am) JoeyTSA :looking at
AAPL, maybe changing the iphone color is what
we have come to expect from them
(09:48
am) JoeyTSA :isnt
(09:49 am)
electrader :Mitch, not in short CL. Too
much support bunched up just below price on 1
Min chart. Can you look at 1 Min
chart?
(09:49 am) taco :agree, hope
there’s a *new item
(09:49 am) JoeyTSA :if
thats the big release, they are in
trouble
(09:50 am) JoeyTSA :i did hear a
rumor on a 6″ screen
(09:52 am) Mitch
King:ok i got it up electr, what is yoru
question
(09:53 am) electrader :from
the top of CL at 107.31 there is all of your
indicators just below. 8ma, 20ma, 50ma,
200ma both simple and exponential
(09:54
am) electrader :this is why i wouldnt
short here
(09:55 am) electrader :Do
you see it that way or am I missing
something?
(09:55 am) Mitch King:if you
have a system that is working for you and are
making consistent money at it, keep using
it
(09:56 am) electrader :Ok. Where
was your signal to short on
Lightning?
(09:56 am) Mitch King:im still
short at 107.16 and added more on the rebound
we just had at 107.01 and 107.07, just
waiting now for either a trailing stop to
trigger or a buy signal later, might take
30-45 minutes though
(09:58 am)
electrader :I’m not seeing a signal on
Lightning with 3/6/2 setting. What
setting are you using?
(09:59 am)
electrader :Sell signal, that
is
(10:09 am) taco :nice on SODA
joey
(10:09 am) taco :didn’t trade
it
(10:09 am) JoeyTSA :i didnt take it
either, didnt trust that 1st green
candle
(10:10 am) JoeyTSA :and that $64
level as potential res
(10:21 am) JoeyTSA
:they got a bit of a pop on that news
too
(10:24 am) Qwert 😛 dropping on AAPL
announcment
(10:29 am) JoeyTSA :break tiem
, see you in 30
(10:42 am) taco
:nice one qwert
(10:44 am) Qwert :hope you
got it
(10:45 am) taco :i traded in
sim
(10:45 am) Qwert :short or long or
both?
(10:45 am) taco :just
short
(10:46 am) taco :i’m teaching
myself not to jump on a stock but to wait
longer
(10:46 am) Qwert :didnt see any
news on it do you ?
(10:46 am) taco
:no
(10:49 am) taco :ARM rallies 6%
to $46.50 after Apple unveils iPhone
5S
(10:49 am) Qwert :thx taco
(10:50
am) taco :np
(11:13 am)
chinhngo :bought more uvxy at
36.50
(11:15 am) chinhngo :market
may be
(11:16 am) regatta :watching
HOLX
(11:16 am) chinhngo :bought
nugt at 62.9
(11:22 am) JoeyTSA :nice
pullback on AAPL too
(11:27 am) taco
:nice short into close /CL
(11:29 am)
taco :only 25 ticks from my
estimate
(11:33 am) JoeyTSA :looks like
teh color of the iphone today is “red”
🙂
(11:33 am) Qwert :ARMH back to 47
area
(11:34 am) taco :ya i was
watching it qwert, nice
(11:34 am)
taco :didn’t trade it again
tho
(11:36 am) chinhngo :sold uvxy
at 36.80 make 300.00 do not trust
market
(11:39 am) JoeyTSA :nice chin, if
you dont trust it best to get out
(11:40
am) chinhngo :i try to get more
activity with small profit
(11:40 am)
chinhngo :i bet market go
down
(11:41 am) JoeyTSA :sometimes you
have to chip away
(11:42 am)
chinhngo :yes i agreed joey
(11:42
am) JoeyTSA :but on the other hand, you can
also easily have your account chipped
away
(11:42 am) Ed :nice move on
AAPL
(11:43 am) chinhngo :yes just
try all my best still learning
(11:43 am)
JoeyTSA :we’re always learning
(11:43 am)
chinhngo :i do not patient to wait just
try small 200.00 very time to add up or loss
more that all
(11:44 am) JoeyTSA
:gotya
(11:44 am) JoeyTSA :even on smaller
profit targets, i still try to get a decent
r/r
(11:45 am) chinhngo :what is
meam r/r
(11:45 am) JoeyTSA :r/r = reward
to risk
(11:46 am) chinhngo :ok
thank so now i call cohen to try set up the
chart like you and learn
(11:46 am)
JoeyTSA :if I am only shooting for a 20c
gain, my risk is usually only 10c,
which is a bit too tight for me
(11:46 am)
Mitch King:you like a 3 to 1 minimum righ
tjoey?
(11:47 am) JoeyTSA :i look for 2:1
minimum, highter the better
(11:47 am)
chinhngo :when your yuy call out but
not said long or short please help more
clearly action
(11:47 am) JoeyTSA :usually
3:1 yes, but on smaller targets i will
go 2:1
(11:47 am) JoeyTSA :on futures, i
will do 1:1 from time to time
(11:48 am)
chinhngo :most of the time my trade are
wrong way with your chart
(11:48 am)
JoeyTSA :those arent mine you see
though
(11:49 am) chinhngo :let said
qqq low of day so what what …. to
long o r short at…
(11:50 am)
JoeyTSA :Ed; those AAPL 490’s went from $7 to
$10, nice move
(11:50 am)
chinhngo :i do not what to do with this
information
(11:50 am) JoeyTSA
:unfortunately chin, we never know whats
going to happen
(11:51 am) JoeyTSA :lod
can mean either (a) good buy point or (b)
watch for next short
(11:51 am) JoeyTSA
:at least to me thats what i think
(11:51
am) JoeyTSA :i let the following price move
tell me what the answer is
(11:51 am)
JoeyTSA :and sometimes i still get it wrong
haha
(11:51 am) chinhngo :ofcourse
you are not sure but your chart your
experince can guess what to do at that range
if wrong way i put stop loss
(11:52 am)
chinhngo :at least i will learn slowly
every day
(11:52 am) JoeyTSA :yeah, thats
where the r/r comes in and use of stop loss
if you are wrong
(11:52 am) chinhngo
:but i do not know any action
(11:53 am)
JoeyTSA :every trade is different, have to
play them as the come
(11:53 am)
chinhngo :yes give me your guess action
and i will follow up
(11:54 am)
chinhngo :sold nugt at 63.50 make
600.00
(11:54 am) JoeyTSA :again, i rarely
guess
(11:55 am) JoeyTSA :i let the price
tell me what its doing, then its up to me to
decide if the trade is worthwhile or
not
(11:55 am) JoeyTSA :if i want to
guess, i can walk a mile and go play
roulette, much less stress and free drinks
🙂
(11:59 am) chinhngo :anyway said
monitoring…. i really do not know what to
follow up long or short please more
clearly to call out and you do not have any
responsibility for your advice
(11:59 am)
Mitch King:hey joey i just answered the phone
from Hilton and they offered 3 nts in Vegas
for $199 but i have to listen to someone
pitch me a condo for 2 hours
(11:59 am)
JoeyTSA :gotta love those phonecalls
haha
(12:13 pm) chinhngo :please
teach me at msg chart bottom is 54.28 wait
for first green light and go long is this
right ?
(12:14 pm) chinhngo :and set
stop under 54.20 about .20 for protect
porfolio
(12:16 pm) JoeyTSA :not a stock i
would trade, but where is your profit
target?
(12:17 pm) chinhngo :now i
learn from mithch chart call out and wait
until sell signal
(12:17 pm) JoeyTSA :oh
ok i see it
(12:18 pm) chinhngo :try
to jhold for more profit and trade more pro
sound like crazy but need to learn
(12:19
pm) chinhngo :and will set trailing
stop to be max profit not 200.00 like
before
(12:19 pm) chinhngo :gain
small but loss a lot
(12:21 pm) JoeyTSA
:you just dont want to set your losses wider
than your profit target
(12:21 pm)
chinhngo :msg chart ema 8 red line go
up and may be crosse grey line this mean
price may be keep go up is this thought right
? please
(12:22 pm) JoeyTSA :thats the
theory, doesnt always play out in
reality
(12:22 pm) chinhngo :just
theory are very good to me need to
learn
(12:23 pm) chinhngo :fosl tri
top may be good for short ?
(12:23 pm)
JoeyTSA :yeah, you need that base to start
with at least
(12:24 pm) JoeyTSA :just
remember, you cant take setups blindly, need
to be kept in context with overall
markets/news etc
(12:24 pm) Qwert :chin
did u just sell 19k shares?
(12:25 pm)
chinhngo :now fosl break trip top may
be long but just wait may be strech or
another condition market go up 6 days so
conclusion is long is more risky than
reward
(12:27 pm) chinhngo :19k no i
do not much money like that qwert only
start 1000 or 2000 share depenet on price if
go wrong way keep add it up
(12:27 pm)
Qwert :i saw 19k order thought maybe it was
you
(12:27 pm) JoeyTSA :another look would
be, FOSL broke tri-top, see if it
pullsback to breakout area then holds for
potential long
(12:27 pm) chinhngo
:and hope tommorrow market convert and sell
it
(12:28 pm) chinhngo :thank joey
this is i am thinking
(12:29 pm)
chinhngo :bidu chart good for long more
volum but i do not want to chase too late for
me
(12:31 pm) chinhngo :open chart
is good for short beceause price go up but
more selling ( red volume ) is thuis right
?
(12:33 pm) JoeyTSA :maybe, Ed is good at
reading those types
(12:35 pm) JoeyTSA
:Thanks Mitch,Ed,Diosna, Qwert,
everyone
(12:35 pm) JoeyTSA :have a great
day, see you tomorrow morning
(12:35 pm)
taco :c ya joey
(12:35 pm) Ed :c ya
joey
(12:35 pm) taco :keep
eating
(12:36 pm) JoeyTSA :and dont you
have to squat taco haha
(12:36 pm)
JoeyTSA :i am
(12:36 pm) taco
:lol
(12:36 pm) taco :its going
good
(12:37 pm) JoeyTSA :good to hear,
same on this end
(12:37 pm) Qwert :cya
joey
(12:37 pm) chinhngo :see you
joey thank you very for your help
today
(12:38 pm) JoeyTSA :will keep trying
chin, nice pullback on BIDU to $140,
see if that level holds
(12:39 pm)
chinhngo :bidu chart 140.00 is 50 days
if break down is good short beceause
more selling volume just theory
(12:39 pm)
chinhngo :i am smart student joey
?
(12:40 pm) Ed :overall trend is up so
not great short candidate
(12:40 pm) Ed
:thats on BIDU
(12:41 pm) Ed :Im speaking
of on daily larger time frame
(12:42 pm)
chinhngo :but market go up 6 days is
this not a factor
(12:44 pm) Ed :yes and
now, its more about what is price doing at
particular level, what are markets doing,
what are sectors doing, in this case
technology
(12:44 pm) Ed :now=no
(12:44
pm) chinhngo :so i am wrong again about
guess on bidu chart thank mr ed
(12:44 pm)
Ed :not that ur wrong, its all about
timing
(12:45 pm) taco :thanks Mitch
Ed Diosna Qwert and everyone, have good rest
of day c u in am
(12:45 pm) Ed :c ya
taco
(12:45 pm) chinhngo :see you
taco
(12:45 pm) taco :have to get to
a store b4 4:30
(12:45 pm) chinhngo
:just try to learn please teach me as much as
you can
(12:48 pm) Ed :understand and we
will continue to teach
(12:49 pm)
chinhngo :believe on me i am old but
will be your smart student mr ed
(12:49
pm) Ed :I believe you
(12:49 pm)
chinhngo :thank mr ed
(12:49 pm) Ed
:your welcom chin
(12:50 pm)
chinhngo :bidu grey line 20 days go
down that mean future will go down
?
(12:51 pm) Ed :on the daily that grey
line has been up
(12:51 pm) Ed :it was
flat the last 10 days
(12:52 pm) Qwert
:Enjoy your evening everyone cya all in the
am, thx for all the great calls
(12:53 pm)
Ed :c ya qwert
(12:53 pm) so :hey
guys what is happen with apple wy down so far
??
(12:54 pm) Ed :they had presentation,
many thought they would introduce cheaper
phone but they did ot
(12:55 pm)
so :what do you think still more down
??
(12:56 pm) Ed :there are stronger names
out there, like NFLX,AMZN, but would keep eye
on 490 level been trying to hold
(12:56
pm) Ed :as traders we dont acte about
direction we just want movement
(12:56 pm)
so :thx then i hold my shares
(12:57
pm) Ed :acte=care
(12:57 pm) so
:ok
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