[06:08 am] Mitch K: Mitch King: should have
strong long scalps today, careful with the
shorts
[06:16 am] Kris : Kris : good morning
traders
[06:16 am] Kris : Kris : how’s everyone doing
this morning?
[06:17 am] Kris : Kris : great! That was
just the beginning.
[06:18 am] Kris : Kris : MNTA, HLS, CAVM, AG
and PANL on the long side.
[06:18 am] Kris : Kris : This morning I’m
watching AGCO, AMLN, HST, RPM, SLW, MOS and
ITMN as possible shorts
[06:18 am] Kris : Kris : We have a lot of
valuable new stuff for you guys over the next
3 days.
[06:19 am] Kris : Kris : if we get some
buying BIDU could have a rebound day,
resistance around 126.00
[06:21 am] Kris : Kris : 1 hour break between
sessions
[06:21 am] Kris : Kris : running, first 3
hours will be from 12:00 to 3:00pm EST
[06:21 am] Kris : Kris : second 3 hour
session from 4:00 – 7:00pm EST
[06:22 am] Kris : Kris : be rested and
ready
[06:22 am] Kris : Kris : especially for my
sessions
[06:22 am] Kris : Kris : I have a ton of info
to cram into 3 hours so we won’t be going
slow.
[06:22 am] Kris : Kris : I tried Madscan joey
but I didn’t like the performance.
[06:23 am] Brent : Brent : good morning
[06:30 am] Kris : Kris : patient at the
open
[06:31 am] Kris : Kris : SINA long half
[06:31 am] Kris : Kris : stop SINA under
81.77
[06:31 am] Kris : Kris : will look to add on
a possible pullback
[06:32 am] Kris : Kris : BIDU long half
[06:32 am] Kris : Kris : COH long half
[06:32 am] Kris : Kris : NFLX moving up
[06:33 am] Kris : Kris : SPY trying to hold
support
[06:33 am] Mitch K: Mitch King: TDW turning
up
[06:34 am] Kris : Kris : MNTA long
[06:34 am] Kris : Kris : plenty of green
right now
[06:34 am] Kris : Kris : start with half on
MNTA, could give a pullback into support
[06:35 am] Kris : Kris : see what kind of
pullback we get
[06:35 am] Kris : Kris : SPY coming into
resistance at 113.00 area on this nice move
up
[06:35 am] Mitch K: Mitch King: my hunch is
that NFLX should start moving up today and
Monday. Looking for $ 160-170 next 3
weeks
[06:36 am] Kris : Kris : DECK long half
[06:37 am] Kris : Kris : out half BIDU
long
[06:37 am] Kris : Kris : out half MNTA
long
[06:37 am] Kris : Kris : out half SINA
long
[06:38 am] Kris : Kris : COH lagging a
little
[06:38 am] Kris : Kris : out another 1/4 MNTA
long
[06:38 am] Kris : Kris : see if COH can break
a new hod here soon
[06:39 am] Kris : Kris : see if AGQ can hold
a tight range on the pullback and then look
for a long on new hod[06:39 am] Kris : Kris :
starting to see some sellers coming in
here
[06:40 am] Kris : Kris : my entry is 96.42,
will stop under 94.94
[06:40 am] Kris : Kris : watching this
pullback in DECK, see if it can hold
support
[06:40 am] Kris : Kris : will add around
95.20
[06:41 am] Kris : Kris : VRSN long half
[06:42 am] Kris : Kris : DECK long second
half
[06:44 am] Kris : Kris : buyers pushing
again, see if we can get a new hod in SPY
[06:44 am] Kris : Kris : COH pushing
hod[06:44 am] Kris : Kris : I’ll watch YOKU
for a pullback to take long
[06:45 am] Brent : Brent : watching UA for a
bounce
[06:45 am] Kris : Kris : AGQ moving into hod,
watch it here
[06:45 am] Kris : Kris : PANL looking good,
watch it at 53.00 resistance level
[06:46 am] Kris : Kris : COH new hod[06:46
am] Kris : Kris : look for new hod in MNTA
[06:46 am] Kris : Kris : MNTA holding up
[06:46 am] Kris : Kris : out half COH
[06:47 am] Kris : Kris : buyers staying
strong
[06:47 am] Kris : Kris : keeping half for
break over new hod on DECK
[06:47 am] Kris : Kris : out half DECK,
reducing some risk and taking small
profit.
[06:47 am] Kris : Kris : SPY another leg to
the up side
[06:47 am] Kris : Kris : start watching weak
stocks
[06:48 am] Kris : Kris : KMB
[06:48 am] Kris : Kris : MCP chatter but I
missed it
[06:49 am] Kris : Kris : EQIX short below
89.90
[06:49 am] Kris : Kris : LULU long half
[06:49 am] Mitch K: Mitch King: SODA turning
over, looking for short
[06:50 am] Kris : Kris : SPY pulling back
into support
[06:50 am] Kris : Kris : thanks rusty
[06:51 am] Kris : Kris : another wave of
buyers
[06:52 am] Kris : Kris : AGQ testing
140.00
[06:52 am] Kris : Kris : MOS another weak
stock to keep on your radar for when we break
up trend in markets
[06:52 am] Kris : Kris : SINA acting like it
wants to make new hod[06:53 am] Mitch K:
Mitch King: new high on NFLX, swing trade
long
[06:54 am] Kris : Kris : ACOM still has
fleas
[06:54 am] Kris : Kris : out another 1/4 DECK
long
[06:55 am] Kris : Kris : cha ching!
[06:55 am] Kris : Kris : I hate trading, this
stinks
[06:55 am] Kris : Kris : I’ll watch CREE for
a pullback to take long
[06:55 am] Kris : Kris : MNTA new high,
testing 12.00
[06:56 am] Kris : Kris : brent, you still got
that number to that truck driving school?
[06:56 am] Kris : Kris : out half VRSN
[06:57 am] Brent : Brent : consider reducing
some UA here if you have it long
[06:57 am] Kris : Kris : watching RRC for a
long bounce
[06:59 am] Kris : Kris : keep your eye on the
weak stocks in case we break trend and hit
some selling
[06:59 am] Kris : Kris : watch it here and
see if we can continue to hold trend on this
pullback
[06:59 am] Kris : Kris : we’re building a
support trendline in SPY
[07:00 am] Kris : Kris : SPY acting like she
wants to hold trend, still showing buyers off
this support.
[07:01 am] Brent : Brent : ACOM weak
[07:01 am] Kris : Kris : ANV weak
[07:01 am] Kris : Kris : HPQ weak
[07:01 am] Kris : Kris : thanks bert[07:02
am] Kris : Kris : yes, weak bounce in ACOM,
watch for new lows
[07:03 am] Kris : Kris : especially on longs
cause you don’t have to worry about inventory
problems
[07:03 am] Kris : Kris : quick tip for day
traders
[07:03 am] Kris : Kris : you can day trade
these with big moves
[07:04 am] Kris : Kris : and trim down to
swing trade position at the close
[07:04 am] Kris : Kris : but have a swing
open in another account
[07:04 am] Kris : Kris : cause they give good
intraday trading
[07:04 am] Kris : Kris : just a couple ways
you can play these
[07:04 am] Kris : Kris : larger day trading
positions
[07:04 am] Kris : Kris : or have 2
accounts
[07:05 am] Kris : Kris : full or half?
[07:05 am] Kris : Kris : no, I took profit in
VRSN and stopped second half just over BE
mhaus[07:05 am] Kris : Kris : ok, be patient,
you can add a second half here soon.
[07:05 am] Kris : Kris : you should have had
.30 in it
[07:05 am] Kris : Kris : you still long
mhaus?
[07:05 am] Mitch K: Mitch King: Many of the
larger cap well known or popular stocks
should start moving up today and Monday for a
snapback rally. Remember where you are in
the cycle that the daily charts look deeply
oversold on many stocks so be extra cautious
on short scalps, they won’t work as well
[07:06 am] Kris : Kris : I’ll tell you when
to get your second half if we do.
[07:06 am] Kris : Kris : next time you get
over 1% profit, take some off and move your
stop to BE
[07:06 am] Kris : Kris : stop under 27.93
mhaus on your half
[07:06 am] Mitch K: Mitch King: there will be
some spots of selling that allow short scalps
to work but just try to be extra careful
[07:07 am] Kris : Kris : ACOM new lows
[07:07 am] Mitch K: Mitch King: I wouldn’t be
shorting NFLX as a short scalp now, it should
start building some momentum.
[07:08 am] Kris : Kris : anyone get ACOM
short on the new low?
[07:08 am] Mitch K: Mitch King: watching RRC
for long bounce, weak so far
[07:09 am] Kris : Kris : long second half
VRSN mhaus[07:09 am] Kris : Kris : look for
63.30
[07:09 am] Kris : Kris : very nice long
scalpman[07:09 am] Mitch K: Mitch King: see
this chart on left, ANR, this is the daily
chart.
[07:10 am] Mitch K: Mitch King: it wants to
start moving up soon, let me show you
others
[07:10 am] Mitch K: Mitch King: see why you
should be careful on shorting? just remember
where we are on some of these stocks, look at
daily chart occasionally
[07:10 am] Mitch K: Mitch King: there is
NFLX
[07:12 am] Kris : Kris : SM short
[07:12 am] Kris : Kris : watching MCP for a
long
[07:13 am] Kris : Kris : ACOM still
bleeding
[07:13 am] Kris : Kris : watch 22.00 for
support on ACOM
[07:14 am] Kris : Kris : could be a good
short
[07:14 am] Kris : Kris : watch HPQ for a new
lod[07:15 am] Kris : Kris : DECK holding
up
[07:15 am] Kris : Kris : watching VRUS for a
long
[07:16 am] Kris : Kris : SPY trying to find
support
[07:17 am] Kris : Kris : gg long half
[07:18 am] Kris : Kris : HPQ broke support
[07:18 am] Mitch K: Mitch King: NFLX should
really gain momentum next week but can
temporarily be kept down by more Greece
news
[07:20 am] Mitch K: Mitch King: those red
lines are target prices. The proper
procedures are to wait for stronger technical
buy signals
[07:21 am] Mitch K: Mitch King: so the
mentality is not a scalp but a 2-3 week hold
time. try not to stare it all day
[07:22 am] Kris : Kris : ok, start looking
for stocks that are holding near their highs
against this pullback
[07:23 am] Kris : Kris : out half SM short
[07:23 am] Kris : Kris : start looking to
take profits on some of these shorts and
adjust your stops in case we find support and
get a bounce
[07:23 am] Kris : Kris : TNA might be good
for a small long soon, coming into lod
support
[07:24 am] Kris : Kris : CELG looks strong
[07:25 am] Kris : Kris : starting to see some
buyers here
[07:26 am] Brent : Brent : SPY testing
trendline resistance
[07:26 am] Kris : Kris : ok mhaus, once you
get over breakeven on VRSN, trim a little
off
[07:26 am] Kris : Kris : to reduce your risk
and see if you can get a move up into hod
with the rest.
[07:27 am] Kris : Kris : if you got TNA,
don’t be greedy
[07:27 am] Kris : Kris : take some profit and
protect yourself in case we fail trendline
resistance
[07:27 am] Kris : Kris : we have more work
ahead of us to break trendline resistance in
SPY but so far so good.
[07:28 am] Mitch K: Mitch King: watching CRZO
for long scalp
[07:29 am] Kris : Kris : HPQ still has the
funk
[07:29 am] Kris : Kris : looks like we’re
gonna break trendline resistance in SPY, see
if we can sustain the buyers here
[07:30 am] Kris : Kris : NOV got that same
funk too
[07:30 am] Mitch K: Mitch King: looking for
higher high on SP500
[07:31 am] Kris : Kris : buyers still
active
[07:31 am] Kris : Kris : next target TNA
around 34.30
[07:32 am] Brent : Brent : watching ADS for a
bounce
[07:32 am] Kris : Kris : if you got RRC short
on the previous new low, try to be patient
for that break of 60.00
[07:32 am] Kris : Kris : RRC at 60.00
support, if it gives a weak bounce or
consolidates at 60.00, could be a good short
below 60.00
[07:38 am] Kris : Kris : out half SM short
[07:39 am] Kris : Kris : wave of buyers
coming in again
[07:40 am] Kris : Kris : ACOM still
bleeding
[07:40 am] Kris : Kris : looking for a long
in HANS
[07:41 am] Kris : Kris : careful with your
longs here
[07:41 am] Kris : Kris : could retest lod
support
[07:41 am] Kris : Kris : that was it, time
for a pullback
[07:41 am] Kris : Kris : we got a lower high
in the SPY
[07:42 am] Kris : Kris : SM new lows
[07:43 am] Kris : Kris : cause if it breaks
55.00 it could have a good run
[07:43 am] Kris : Kris : then you could add
over a new hod in TZA
[07:43 am] Kris : Kris : you could take a
small piece in TZA
[07:43 am] Kris : Kris : you have the
momentum in your favor
[07:47 am] Kris : Kris : I would be surprised
it we have enough for new hod in SPY
[07:47 am] Kris : Kris : wave of buyers
coming back
[07:49 am] Kris : Kris : start looking to get
tight on your VRSN long mhaus if you’re still
long.
[07:50 am] Kris : Kris : I am officially
surprised
[07:50 am] Kris : Kris : we’re getting a
strong run here
[07:51 am] Kris : Kris : I would like one
more leg up into 114.00 then really start
looking for weak stocks and the turn.
[07:51 am] Mitch K: Mitch King: new highs on
SP 500
[07:52 am] Mitch K: Mitch King: consider
closing CRZo soon if not higher high, looks
weak
[07:54 am] Kris : Kris : watch TWO for a
short on a new lod[07:57 am] Kris : Kris :
SPY consolidating
[07:58 am] Kris : Kris : still seeing a
healthy amount of buyers here, not wanting to
let up yet
[07:59 am] Kris : Kris : CCI weak stock
[07:59 am] Kris : Kris : don’t take it short
yet, too close to support at 41.20
[07:59 am] Kris : Kris : IT weak
[08:00 am] Kris : Kris : good for her
derns[08:00 am] Kris : Kris : you need that
push
[08:01 am] Kris : Kris : PHK ALERT
[08:01 am] Kris : Kris : PHK ALERT
[08:01 am] Kris : Kris : tonight is all about
scanning mike, what do you want to look at on
CRZO?
[08:01 am] Kris : Kris : YOKU new hod[08:02
am] Kris : Kris : EQIX another new lod[08:03
am] Kris : Kris : derns, you went long for a
reversal trade off the bottom today?
[08:03 am] Kris : Kris : is anyone short
EQIX?
[08:04 am] Kris : Kris : I think if we break
through support at the end we could see a
wave of selling but I would wait for
confirmation. I’ve tried that a few times
and nothing has happened or we’ve had more
buying.
[08:04 am] Kris : Kris : you would be
surprised gary
[08:05 am] Kris : Kris : TNA looking like a
long over hod, could give .30 to .50 first
target
[08:05 am] Kris : Kris : what time were you
long derns?
[08:06 am] Kris : Kris : first this strategy
is about 80/20
[08:06 am] Kris : Kris : nice consolidation
building under this hod[08:06 am] Kris : Kris
: ok, here is my take
[08:06 am] Kris : Kris : sideways action is a
red flag
[08:06 am] Kris : Kris : yes
[08:07 am] Kris : Kris : brent is going to go
over all this in the 3min fade presentation
too
[08:07 am] Kris : Kris : look at previous day
resistance
[08:07 am] Kris : Kris : previous day low
resistance was at 22.60 so that would concern
me
[08:08 am] Kris : Kris : limited profit
potential to next resistance from entry, not
a deal killer but something to be cautious
about, especially if you get a late entry.
[08:08 am] Kris : Kris : you’re taking money
out of the trade
[08:09 am] Kris : Kris : I use 3min chart for
reversals btw
[08:09 am] Kris : Kris : I wouldn’t call in
ran it was only 8 ticks from his entry.
[08:09 am] Kris : Kris : it blew through
support at 22.60
[08:09 am] Kris : Kris : not much of a
runner
[08:09 am] Kris : Kris : right
[08:09 am] Mitch K: Mitch King: new high on
TNA
[08:10 am] Kris : Kris : now derns, you see
that price action start to be weak after the
next 8-10 minutes
[08:11 am] Kris : Kris : and at that time you
see the SPY starting to top a little from
it’s move up off the low?
[08:11 am] Kris : Kris : avoiding hitting
your stop
[08:11 am] Kris : Kris : stops are really
just a safety net for a big crash in the
stock.
[08:11 am] Kris : Kris : the key to really
winning with the reversal strategy is knowing
when a trade is fizzling and getting out
small profit, break even or very small
loss
[08:12 am] Kris : Kris : did someone get me
some TNA while I’m teaching here?
[08:12 am] Kris : Kris : I feel like Mr.
Cotter
[08:13 am] Kris : Kris : I’m a fan of the
classics
[08:13 am] Kris : Kris : lol[08:14 am] Kris :
Kris : so you can reduce, get tight or just
exit it.
[08:14 am] Kris : Kris : you guys take a
reversal trade and you want radar going on
with what the trade is doing, most times if
it’s not moving within about 10 minutes, it’s
going to be a bust
[08:15 am] Kris : Kris : and if you see the
market take off and leave your butt behind
holding hands with this stock at the bus
station.
[08:15 am] Kris : Kris : her
[08:15 am] Kris : Kris : time to tell here
“it’s been fun”
[08:16 am] Kris : Kris : if I was gonna date
myself, I would say “16 Candelas” was a funny
movie when I was a kid.
[08:17 am] Kris : Kris : CCI still weak
[08:17 am] Kris : Kris : we have another
trendline support forming on the spy
[08:18 am] Kris : Kris : ok, see if the
buyers can keep holding here, longs are
steady as she goes
[08:19 am] Kris : Kris : 114 is gonna be the
real test
[08:19 am] Kris : Kris : SPY gonna try for
another new hod[08:21 am] Kris : Kris : great
job dan[08:21 am] Kris : Kris : SPY new
hod[08:22 am] Kris : Kris : Dan The Man
[08:22 am] Kris : Kris : lunch is on
dan[08:22 am] Mitch K: Mitch King: FSLR
toppy
[08:24 am] Kris : Kris : I’m cautious about
that derns, especially on this move
[08:24 am] Kris : Kris : it ran up to 12
[08:24 am] Kris : Kris : on this last move
[08:25 am] Kris : Kris : and coming into
resistance area
[08:25 am] Kris : Kris : I would prefer one
more higher low pullback or tight
consolidation under 12.00 for about 15-20
minutes and then a hard break with steam
behind it.
[08:25 am] Kris : Kris : market is a little
overextended on intraday scale
[08:25 am] Kris : Kris : so I would be
concerned about a false break and it getting
dumped on it’s head
[08:26 am] Kris : Kris : but read the rest
[08:26 am] Kris : Kris : don’t just take it
long on the break here
[08:26 am] Kris : Kris : up sonorant
[08:27 am] Kris : Kris : inversely
[08:27 am] Kris : Kris : ok we pulled back
from 114 in spy
[08:27 am] Kris : Kris : see what it does at
trendline support
[08:27 am] Kris : Kris : TZA is at trendline
resistance on the long side
[08:28 am] Kris : Kris : thanks truck
[08:28 am] Kris : Kris : weak stock against
this run
[08:28 am] Kris : Kris : yes, watch RRC for a
new lod[08:28 am] Mitch K: Mitch King:
consider covering FSLR
[08:29 am] Kris : Kris : read the rest =
understand the pattern and watch your
actions
[08:51 am] Kris : Kris : if you’re long TZA,
we’re starting to come into some resistance
here
[08:51 am] Kris : Kris : look to take some
profit and move up your stop on your last
piece
[09:02 am] Kris : Kris : I might look to take
a small long in RRC if it comes down to 57 or
lower monster
[09:02 am] Kris : Kris : not loving it here
around 58.00 but that is just my opinion.
[09:02 am] Mitch K: Mitch King: look for
another short on the to of this rebound with
FSLR, may take a while
[09:07 am] Mitch K: Mitch King: looking for
another run at higher highs with SP500
[09:09 am] Mitch K: Mitch King: would like to
see FSLR get to 70 area before shorting 2nd
helping
[09:14 am] Kris : Kris : GR is a trending
stock
[09:14 am] Kris : Kris : no increasing price
and volume and has held up against the market
sells all day
[09:14 am] Kris : Kris : not good for a
reversal
[09:20 am] Kris : Kris : I disagree doji.
who said that?
[09:20 am] Kris : Kris : NFLX nice price
action for a break above that 134 today
[09:22 am] Kris : Kris : can you clarify your
question about me clarifying?
[09:22 am] Kris : Kris : that stochastics
only work good with trending stocks
[09:22 am] Kris : Kris : what do you need me
to clarify?
[09:23 am] Kris : Kris : just curious who
said that
[09:23 am] Kris : Kris : was that Mitch or
Brent?
[09:29 am] Mitch K: Mitch King: getting
selling in the indexes
[09:29 am] Mitch K: Mitch King: see that
spike down on FSLR? that’s usually the
beginning of a downtrend
[09:30 am] Kris : Kris : see that GR eyes?
[09:30 am] Kris : Kris : still marching
along
[09:45 am] Mitch K: Mitch King: this SP index
failed to make new highs and then sold off,
probably won’t make new highs today. It is
Friday and people won’t want to buy and hold
into the weekend when Greece is a matter of
days away from defaulting or getting more
money. my guess is Monday should have more
movement upward
[10:01 am] Kris : Kris : GR new highs
again
[10:07 am] Kris : Kris : BIG holding up
[10:08 am] Kris : Kris : SLV could give a
bounce soon
[10:25 am] Kris : Kris : getting a whiff of
buying here
[10:27 am] Kris : Kris : either way I smell
them
[10:27 am] Kris : Kris : I’m not hot on LULU
right now
[10:33 am] Kris : Kris : breaking trendline,
could be a good long
[10:34 am] Kris : Kris : I would start small
and look to add on a pullback into lod
support area
[10:58 am] Kris : Kris : 114 again
[10:58 am] Kris : Kris : SPY at hod
resistance
[11:02 am] Kris : Kris : ok, AGQ starting to
slow a little for those still long
[11:02 am] Mitch K: Mitch King: watching for
another helping short on FSLR
[11:03 am] Kris : Kris : look to start taking
your profits and moving up your stops
[11:04 am] Kris : Kris : JODI!
[11:04 am] Kris : Kris : lol[11:05 am] Mitch
K: Mitch King: 3rd helping short on FSLR
[11:05 am] Mitch K: Mitch King: FSLR
topping
[11:05 am] Mitch K: Mitch King: target around
68.50 area
[11:06 am] Kris : Kris : you’re just a stupid
fry cook
[11:15 am] Kris : Kris : break time. be back
in 30.
[11:22 am] Mitch K: Mitch King: you guys get
that 3rd helping short on FSLR
[11:31 am] Mitch K: Mitch King: looking for
TNA long here
[11:32 am] Mitch K: Mitch King: 34.55
target
[11:39 am] Mitch K: Mitch King: you guys
remember what i said last night on webinar?
what should you be looking at now on TNA
chart
[11:41 am] Kris : Kris : did I miss
anything?
[11:41 am] Kris : Kris : ok, I’m back
[11:41 am] Kris : Kris : oooh, nice news
move
[11:41 am] Kris : Kris : what was the news on
HGIC, rumor chatter?
[11:43 am] Mitch K: Mitch King: another short
in FSLR coming
[11:49 am] Kris : Kris : OPTR looks like an
above average setup for a short but the
problem as a swing is your support you’re
gonna hit at 14.00
[11:50 am] Kris : Kris : for me it’s
borderline for the swing plus we’re coming
into support in the markets.
[11:51 am] Kris : Kris : if we were
consolidating for a breakdown in the markets
or finishing a big run up I would be more
interested.
[11:51 am] Kris : Kris : if you took it I
would just watch that 14.00
[11:52 am] Kris : Kris : but if you like to
sleep at night I would wait for a
confirmation of trend change before a swing
long in AGQ
[11:52 am] Kris : Kris : If you have
narcolepsy AGQ would be a good fix for the
weekend.
[11:53 am] Kris : Kris : it’s like taking the
long on a reversal day trade before you start
seeing any buyers
[11:53 am] Kris : Kris : I’ve learned my
lesson too many times
[11:53 am] Kris : Kris : these tanking stocks
usually take a day or two to put in a good
bottom before starting to move up
[11:53 am] Kris : Kris : trying to get in too
early on a swing trade and it drops another
10 or 20 percent.
[11:54 am] Kris : Kris : followed by 2 more
days down
[11:54 am] Kris : Kris : look at MNTA daily
chart
[11:54 am] Kris : Kris : we had the big
drop
[11:54 am] Kris : Kris : we’re just now
starting to base on it
[11:55 am] Kris : Kris : don’t get me wrong,
these stocks still give good day trades
[11:55 am] Kris : Kris : just want to be
patient before you start stepping into your
long swing.
[11:57 am] Kris : Kris : I’m not a big
head/shoulders guy
[11:57 am] Kris : Kris : like right now NFLX
is building up under 135 resistance, I think
if you see it gap up over that or push
through it and then 136 you should be very
relaxed to let that swing head up into 150
and eventually 170-175 area.
[11:57 am] Kris : Kris : lol[11:57 am] Kris :
Kris : the H/S pattern
[11:58 am] Kris : Kris : lol[11:58 am] Kris :
Kris : my skull is abnormally large
[12:05 pm] Mitch K: Mitch King: FSLR is the
gift that keeps on giving
[12:06 pm] Mitch K: Mitch King: FSLR is the
gift that keeps on giving on the short
side
[12:06 pm] Mitch K: Mitch King: too late now
though
[12:59 pm] Kris : Kris : about to close, make
sure you don’t have any open positions you
don’t want to take with you.
[01:00 pm] Kris : Kris : awesome job today
everyone. See you webinar people in a couple
hours. Everyone else I’ll see you bright and
early tomorrow morning.
[01:00 pm] Kris : Kris : bright and early
monday morning!
[01:00 pm] Kris : Kris : ooops[01:01 pm]
Brent : Brent : have a good night, see some
of you in a little bit
|
[05:58 am] joeytsa : Good morning
Mitch…nice job yesterday, hope you got some
sleep 🙂
[05:58 am] rd : Great school last night
MK
[05:58 am] sonorant : good morning all. An
intense few days with the afternoon webinars,
yes?
[06:00 am] rd : Question: i have seen 3
different stoch settings over the last few
days: 10,8,7…. 8,7,6… and 7,6,4. Is there
one that seems to fit best overall?
[06:01 am] rd : seems to smooth out between
the other two [06:01 am] joeytsa : rd..i
just switched mine to 8,7,6..going to check
that out for today’s action
[06:02 am] doji : Good morning guys! Good
webinar yesterday
[06:02 am] joeytsa : watch how the charts,
stocks act and find what you like the best
[06:02 am] ronfrac : Goood day all. Great
Webinar MK. THX
[06:03 am] doji : I got a small piece of
NFLX at 129 yesterday
[06:03 am] joeytsa : no major reports today,
but FOMC member Dudley speaks at 1:30est
[06:04 am] doji : I’ll wait to add in a pull
back as long as it doesn’t break $125
[06:04 am] joeytsa : no surprise, but the
NYSE BPI has switched from column of x’s to
0’s…not far from making a lower low
[06:05 am] doji : What is the BPI Joey?
[06:05 am] joeytsa : Bullish % Index…great
to see the true market internals
[06:06 am] doji : Where do you get that
Index Joey
[06:06 am] swingtrader : Alert Yahoo Moving
higher high Volume
[06:07 am] joeytsa : gap down:
AGQ,CAVM,CROX,PAAS,GOLD,SODA,LULU,
[06:08 am] doji : Good morning Mitch, thanks
for the wonderful webinar yesterday
[06:08 am] joeytsa : doji: best place is at
investors intelligence, but you have to pay
for it
[06:08 am] joeytsa : good info there..but
they charge for it
[06:09 am] doji : Anyone taking TNA in the
premarket?
[06:09 am] joeytsa : Mitch: do you find the
MA’s of 5 and 20 to be smoother than the old
5 and 15?
[06:10 am] joeytsa : doji: what the BPI
tells you is how many stocks are on a p&f
buy signal
[06:10 am] mikewd2 -: bought NFLX
premarket
[06:11 am] joeytsa : currently only aprrox
26% are on buys
[06:12 am] joeytsa : it got down to 6%
during october of 2008
[06:12 am] qwert : joey how do you use that
info
[06:13 am] joeytsa : qwert: it gives me
overall market direction/sentiment
[06:13 am] joeytsa : takes a 6% move just to
switch columns….
[06:14 am] doji : good info Joey so what is
your strategy now?
[06:14 am] joeytsa : looks at the entire
NYSE
[06:14 am] joeytsa : what most people call
“the market” is only 30 stocks
[06:15 am] joeytsa : 30% effect on my
swings
[06:15 am] joeytsa : it doesn’t affect my
daytrading at all
[06:15 am] joeytsa : not to catch a falling
knife, but start making a list of potential
buys when things turnaround…for a longer
hold
[06:15 am] qwert : just your swing trading,
right?
[06:16 am] joeytsa : 90-100% if i want
anything more than 2 weeks
[06:17 am] doji : AGQ at 134 wow
[06:17 am] joeytsa : last night was really
good…already updated my charts
[06:17 am] mikewd2 -: learned a lot last
night
[06:17 am] qwert : great mitch was awesome
last night
[06:17 am] truck : wasn’t last night great
!
[06:18 am] mikewd2 -: ZSL 17.4
[06:19 am] james : Thank you MK — great
webinar last eve — look forward to
today’s!!
[06:19 am] running : What are the specific
times of the doubles on Sat and Sun
[06:20 am] joeytsa : 12-3 and 4-7 EST
[06:21 am] joeytsa : mike: AGQ down 30
[06:22 am] joeytsa : anyone here running
Madscan?
[06:22 am] mikewd2 -: i was right about
silver, but sold my ZSL early
[06:22 am] running : last night was great
[06:22 am] skydiver : Great webinar
yesterday indeed. Thanks!
[06:23 am] joeytsa : i like it so far..just
trying to find different scans…looking
forward to the scanning webinar
[06:24 am] joeytsa : NKE post 15% profit
jump
[06:25 am] doji : TNA will be interesting
today if the market rebound
[06:25 am] eyes-inthenow : Kris I Bought 100
shares TNA last night 31.86 out 34.12 this
morning
[06:26 am] joeytsa : 1100 a big # for the
s&p[06:26 am] mikewd2 -: should get an
initial fall in the market and then hopefully
a strong rebound
[06:26 am] sonorant : joey, what is
p&f?
[06:27 am] joeytsa : point and figure…just
a different look, but i don’t use it for
daytrading[06:27 am] mikewd2 -: YOKU
upgraded
[06:31 am] joeytsa : CLF shooting up
[06:33 am] mikewd2 -: YOKU
[06:35 am] joeytsa : MCP looking decent up
move
[06:37 am] joeytsa : nice SINA call
kris[06:38 am] joeytsa : WLT spiking
[06:40 am] scalpman : Good opening…I am
flat having taking profits.
[06:41 am] goodtimes : yoku looks to be
turning
[06:42 am] eyes-inthenow : L TDW 46.33
[06:42 am] goodtimes : or not lol[06:43 am]
mikewd2 -: yoku looks good on three min
chart
[06:44 am] joeytsa : out WLT short
[06:44 am] rusty : OPTR EU approval
[06:46 am] joeytsa : the ES just banged on
1124
[06:46 am] mikewd2 -: DANG up big
[06:46 am] rusty : TZOO hod[06:47 am]
joeytsa : FOSL hod[06:48 am] lara :
takeover chatter
[06:50 am] rusty : MCP + GS said to be in
discussions
[06:51 am] doji : MCP 36.43 out 37.23
goooood!
[06:52 am] joeytsa : FOSL still moving up
[06:53 am] ronfrac : cboe turn up
[06:54 am] mikewd2 -: dang stopped on YOKU –
probably a mistake
[06:55 am] mhaus : I am long NFLX, probably
leave it for a couple of weeks.
[06:55 am] rusty : NFLX hod[06:55 am]
topdogrex : Mitch NFLx i am in at 126.75 you
have a hunch target
[06:56 am] Brent : I’m on the phone with them
now
[06:56 am] guitarzan1 -: agq baby… making
me a tonne[06:56 am] joeytsa : RRC lod[06:56
am] joeytsa : WLT looking for hod[06:56 am]
mhaus : Topdog, [06:35 am] Mitch King: my
hunch is that NFLX should start moving up
today and Monday. Looking for $160-170 next
3 weeks
[06:56 am] truck : out half KMB ,,,plus
.50
[06:58 am] garyb : in NFLX for the
swing…let it ride!
[06:58 am] Mitch K: topdog, i posted earlier,
looking for $160-170 with NFLX next few
weeks
[06:59 am] mhaus : Mitch, I killed my sell
order for NFLX right during the webinar
yesterday. Thanks!
[07:00 am] mhaus : CTRP
[07:02 am] garyb : watching TZA for a
bounce
[07:02 am] joeytsa : out NFLX 4 points
[07:03 am] Brent : Nice trade Joey
[07:03 am] garyb : Joey..you are not
swinging it?
[07:03 am] joeytsa : great call Mitch
[07:03 am] joeytsa : not yet..i will pick up
some calls midday
[07:03 am] shark : GREAT joeytsa!
[07:04 am] jolliffboy : Hey guys…any
thoughts on JVA
[07:04 am] mhaus : Kris, still holding
VRSN?
[07:04 am] shark : there goes CMG
[07:04 am] shark : you are right, Kris!
[07:05 am] candelas : RRC
[07:05 am] candelas : thx Kris I up the
ante
[07:05 am] mhaus : 1/3
[07:05 am] mhaus : half
[07:05 am] mhaus : l at 28.38
[07:05 am] shark : good pullback here
[07:06 am] truck : RRC
[07:07 am] garyb : anyone take TZA?
[07:08 am] joeytsa : BAC had a huge buy
order in the premarket
[07:08 am] joeytsa : Korean investment?
[07:08 am] joeytsa : or overnight
[07:08 am] mikewd2 -: sold NFLX, looking to
buy at a dip
[07:08 am] Mitch K: jollif, for swing on JVA
or scalp or what?
[07:08 am] scalpman : OUt 1/2 RRC L
[07:08 am] scalpman : RRC L @ 61.70
[07:08 am] shark : awesome mikewd2 NFLX
[07:09 am] candelas : out 1/2 RRC 62.53
[07:09 am] joeytsa : nice mike
[07:09 am] scalpman : That much…thanks
kris.
[07:09 am] shark : CMG broke below 50day
ma
[07:10 am] truck : out half RRC , plus
.60
[07:11 am] joeytsa : MCP gap close and
below
[07:12 am] scalpman : All out
RRC…fiizzled[07:13 am] joeytsa : scalp..it
was an infield single
[07:14 am] Kris : tough crowd
[07:14 am] scalpman : joey…thanks I got a
good piece…I had a good entry…
[07:15 am] scalpman : Actually I was stopped
out early on it…but stayed with it to
recover…
[07:16 am] joeytsa : ABX hod[07:17 am]
joeytsa : GS had a nice run, might head back
to prev close
[07:19 am] joeytsa : Mitch: Greek minister
says a 50% haircut possible over there
[07:19 am] mikewd2 -: back in NFLX, gained
0.60
[07:21 am] doji : I got NFLX from yesterday
close at 128.5. Should I wait longer to add
Mitch?
[07:21 am] joeytsa : thanks for the advice
Mitch
[07:21 am] sonorant : proper procedures vs.
??? gut intuition?
[07:22 am] doji : My position is around 10%
of my total account
[07:23 am] mhaus : TNA [email protected]
[07:24 am] doji : Yes Shark I’ll do that
[07:24 am] joeytsa : out GS short,
75cents
[07:24 am] mikewd2 -: I’m going off 3 and
worried too long
[07:24 am] mikewd2 -: unfortunately etrade
pro doesn’t seem to have a 2min
[07:24 am] shark : you can pyramid into a
position too doji[07:24 am] sonorant :
Mitch, comparing 1 and 2 minute charts. 2
min ch. definitely keeps you in the trade
longer
[07:25 am] joeytsa : mike: is there a
“custom” timeframe option
[07:25 am] Kris : it works great
[07:25 am] Kris : use a 3 mike
[07:25 am] Kris : you’ll like Brent’s
presentation on the 3min fade
[07:26 am] candelas : out 1/2 TNA 33.79
[07:26 am] scalpman : TNA L @ 33.43
[07:26 am] swingtrader : Yahoo wow
[07:26 am] zentrader : THANKS for SM!!! that
was sweet!
[07:27 am] candelas : out another 1/4 TNA
33.83
[07:27 am] scalpman : All out TNA
[07:27 am] scalpman : Out 1/2 TNA L
[07:27 am] zentrader : and still is 🙂
[07:28 am] candelas : trailing last 1/4
TNA
[07:28 am] doji : TNA had the perfect setup
in the 2min charts. I blinked and I missed
it!
[07:28 am] joeytsa : good job guys
[07:28 am] mhaus : TNA out @34
[07:28 am] mikewd2 -: good job ed[07:29 am]
joeytsa : be careful if NFLX makes a 2nd
lower high
[07:29 am] joeytsa : sure does
[07:29 am] junior : took some profit on TNA,
then adjusted stop too tight and got bounced
out. but still some ching in the bucket
[07:32 am] joeytsa : NFLX weak on this
market up move
[07:33 am] doji : I am long from $129
[07:33 am] doji : me too Gary
[07:33 am] garyb : I bought NFLX and am
down…but don’t care….will hold it for a
week or two
[07:35 am] joeytsa : there’s that breakdown
in RRC
[07:35 am] truck : good call
Kris,,,RRC[07:35 am] truck : out
half,,,RRC[07:36 am] candelas : VRUS finally
got moving
[07:36 am] duckfan : Thanks for ADS Brent,
great call!
[07:36 am] joeytsa : 3 nice moves
[07:36 am] joeytsa : RRC just riding those
ma’s all the way down
[07:36 am] mikewd2 -: ADS l 89.25
[07:36 am] truck : out RRC
[07:37 am] candelas : sounds good Joey
[07:37 am] doji : AGQ dropping
[07:37 am] joeytsa : yeah Ed, might shoot
for that pc
[07:37 am] mhaus : VFC
[07:38 am] joeytsa : FSLR trying to do
something
[07:38 am] mikewd2 -: already made more money
based on the webinar techniques last night!!!
ty[07:39 am] mhaus : Not long ago, AGQ was
220
[07:39 am] mikewd2 -: using the 3min to
filter the sell has help me on three trades
to make more money
[07:39 am] mikewd2 -: ZSL was 10’ish moved to
17.5
[07:40 am] candelas : it offered long and
short, RRC speaking of
[07:40 am] junior : out ADS 90.20…thx
brent!!
[07:40 am] mhaus : FSLR
[07:40 am] mikewd2 -: stopped ADS 89.75
[07:40 am] monster : was RRC a long watch
[07:40 am] rusty : RRC lod alert
[07:40 am] shark : ACOM -it’s all about the
future baby
[07:41 am] candelas : out last 1/4 of TNA
stopped 33.91
[07:41 am] mikewd2 -: 89.85
[07:41 am] mikewd2 -: thanks Brent
[07:41 am] rusty : TZOO radar
[07:42 am] garyb : TZA looks good on 2
min
[07:42 am] joeytsa : yeah kris..i got a
triple top on my ES ticks all on lower
indies
[07:42 am] junior : nice candelas
[07:42 am] mikewd2 -: ADS never turned up on
my 3min chart SMA during that trade?
[07:42 am] shark : TZA?
[07:42 am] zentrader : LONGS? what’s that?
lol[07:43 am] joeytsa : doing more watching
today
[07:43 am] joeytsa : still getting used to
the 2min
[07:44 am] doji : TZA doesn’t look good in
2min here
[07:44 am] garyb : me too…made some dumb
moves….my stops were way to tight…..have
to learn to let it go down after I buy..trust
the setup
[07:45 am] doji : %D above the 20% oversold
line
[07:45 am] mikewd2 -: at this time
[07:45 am] mikewd2 -: i don’t like TZA
[07:46 am] mikewd2 -: DANG nearing hod[07:47
am] mikewd2 -: WLT nearing hod[07:47 am]
shark : YOKU holding well -up 14%
[07:49 am] mikewd2 -: APA looking strong
[07:49 am] truck : FSLR
[07:50 am] candelas : dig deep
[07:50 am] duckfan : new high SPY
[07:51 am] scalpman : Out 3/4 TNA L
[07:52 am] candelas : missed move in MON
[07:52 am] mikewd2 -: out TNA – nice gain
[07:52 am] scalpman : All out TNA…my
friend.
[07:52 am] scalpman : I am a TNA
junkie…
[07:53 am] doji : Before AGQ was trading the
inverse of the SPY. Now it trades in parallel
with the market. Is it because of the
dollar?
[07:53 am] garyb : Nice scalpman[07:54 am]
garyb : In TZA
[07:54 am] lightning : already was stopped
on CRZO at new LOD
[07:54 am] mikewd2 -: because of dollar and
china slow down i think
[07:54 am] scalpman : I am trading only
10-12K positions…It’s the trade that counts
at this point, not the money.
[07:54 am] scalpman : Thanks Gary
[07:55 am] derns : Mitch…I am not trading
CRZO, but trying to follow from last night’s
class…I put a theoretical stop at 22.25 and
lost it. At your first suggested entry, what
was a good stop?
[07:55 am] garyb : maybe a tad early in
tza[07:55 am] junior : FSLR on fire
[07:56 am] doji : Derns, where was your
entry?
[07:57 am] derns : Doji…again, practice
only, but I entered at 22.40…was watching
on the 2 minute as taught by Mitch.
[07:57 am] garyb : nice..tza on the move
[07:57 am] lightning : doji, why would that
matter if the idea is the stop is below the
LOD?
[07:59 am] mikewd2 -: derns, i think you did
right – that was one of those head fakes we
wanted Mitch to go over.
[08:00 am] derns : Thx Mikewd2 and Doji…my
wife listened in some last night and made me
promise to practice more…she’s tired of
losses!
[08:00 am] doji : at what time Derns
(ET)?
[08:01 am] candelas : i viewed it late
myself , great teaching
[08:01 am] derns : Doji…about 7:30
pacific, 10:30 easter.
[08:01 am] derns : Mikewd2..good idea.
[08:01 am] doji : Your setting and entry was
perfect
[08:01 am] mikewd2 -: maybe if there is time
tonight at the webinar we can look at CRZO
[08:02 am] derns : Doji…I assure you…it
was luck! Thx
[08:02 am] doji : the small reversal
slightly affected the stochastics (2min) but
it continued trending up. Your stop needs to
have been below the 22 (round number)
[08:02 am] lightning : I have to leave for
an hour. Be back soon.
[08:02 am] mikewd2 -: the headfake that Derns
did based on setup
[08:03 am] candelas : yes
[08:03 am] garyb : I’m thinking that we will
have a sell of this afternoon as people don’t
want to hold over the weekend. Any
thoughts?
[08:03 am] mikewd2 -: i almost went in it but
question the money
[08:03 am] swingtrader : alert FSLR any body
shorting FSLR here ?
[08:04 am] mikewd2 -: yes, based on Mitchs
call of watch
[08:06 am] derns : Garyb…that is what the
folks on CNBC are suggesting…even go so far
to say there could be big down day on M/T if
nothing good happens from ECB..of course
followed by big jump after.
[08:06 am] mikewd2 -: but stop at 22.25 below
load
[08:06 am] mikewd2 -: derns, Kris is
explaining CRZO head fake
[08:06 am] mikewd2 -: it looks like at 10:30
est Kris – he bought at 22.40
[08:06 am] mikewd2 -: lod[08:06 am] vandy :
got in [email protected] should i take profits
swing trade it
[08:07 am] derns : Yes..Kris…at 22.40 at
10:30 ET with 22.25 stop…got stopped from
fake
[08:08 am] derns : Kris…meaning it would
be difficult to run up above 22.60?
[08:08 am] mikewd2 -: wasn’t that support at
22.60
[08:09 am] candelas : there tna goes
[08:09 am] derns : got it…thx to Kris,
Mikewd2 and Doji for lesson.
[08:09 am] jsn13 : Me too went long at CRZO
at 22.36 and decided to close the trade at
22.28….originally had my stops at 22.23
[08:09 am] junior : have to leave early
today, thanks mitch, kris, brent and everyone
for another awesome week. 3 for 3 green this
morning MNTA, TNA, ADS. Have a good rest of
the day and great weekend
[08:09 am] mikewd2 -: it ran to 23.48
[08:10 am] Brent : great work Junior, have a
good weekend
[08:10 am] candelas : out 1/2 TNA 35.07
[08:10 am] ronfrac : Mitch would you chase
TNA here
[08:10 am] scalpman : Out 1/2 TNA L
[08:11 am] candelas : another 1/4
[08:11 am] candelas : tna[08:11 am] garyb :
out tna….quick bucks!
[08:11 am] scalpman : OUt another 1/4 TNA
L
[08:12 am] candelas : 2 shares
[08:12 am] candelas : yes
[08:12 am] derns : yes Kris…not an
exciting trade..with my theoretical trade I
lost $.15/share..a small loss for a good
lesson
[08:12 am] duckfan : Yes, great call Kris
[08:12 am] mikewd2 -: BIDU at hod[08:12 am]
mikewd2 -: ok as it moved up he should have
move stop to break even?
[08:12 am] qwert : oh yeah tna[08:13 am]
candelas : Bidu on the move
[08:13 am] derns : Kris…the Mr. Kotter
statement dates you…but you are not that
old!
[08:13 am] doji : Kris, good teaching
man!
[08:13 am] scalpman : Hey we are dating
ourselves? (Ha)
[08:13 am] shark : must be Netflix reruns
[08:13 am] sonorant : yes, and we really
appreciate it….. I was not in the trade
but am now going back through the bits and
the explanation. Great job Kris!
[08:13 am] zentrader : yes, I got some TNA,
Kris.
[08:15 am] garyb : in tza 51.80
[08:15 am] scalpman : I still have a piece
of TNA L
[08:16 am] scalpman : All out TNA L
[08:17 am] mikewd2 -: YOKU still running,
dang it
[08:21 am] dan : wow in 62.09 FSLR, out
72.54
[08:21 am] ronfrac : YOKU turning over
[08:22 am] anthonyb : Nice Dan the man
[08:22 am] Brent : Nice work Dan
[08:22 am] dan : 71.54
[08:22 am] dan : thank you
[08:22 am] derns : Dan…smart trade!
[08:22 am] mikewd2 -: really good job
dan[08:23 am] Brent : No more Stan the Man,
it’s Dan the Man
[08:23 am] derns : Kris…what do you think
of MNTA..break thru 12 for a bigger pop?
[08:23 am] doji : It rebounded from
yesterday’s hod[08:23 am] doji : Wow,
learning how support and resistance work
here
[08:24 am] doji : Kris, for the reversal in
FSLR support should be a $70 right?
[08:24 am] eyes-inthenow : Kris Does Yoku
Look Good as a Short
[08:25 am] derns : seems like 12 is major
resistance.
[08:25 am] truck : out last piece,
KMB,,,plus $1
[08:26 am] derns : got it…watching and
learning
[08:26 am] sonorant : hard break up or
down??
[08:26 am] sonorant : ok thanks
[08:27 am] mhaus : watching CRR
[08:27 am] sonorant : “read the rest” ==
watch the action??
[08:27 am] truck : RRC is really having a
bad day
[08:29 am] scalpman : Congrats Dan…what a
play!
[08:29 am] scalpman : TNA support Trendline
holding for the moment…
[08:30 am] mhaus : GR
[08:30 am] sonorant : thanks — feel like
the webinar is just ongoing — but this
portion of it is live!!
[08:32 am] anthonyb : guys, I’m gonna take
off. get some things done before the webinar.
Tough day for me today. But looking back on
all of my trades, I clearly see my mistakes.
Ended a 6 day winning run. But the education
was valuable. see you tonight
[08:33 am] dan : out 1/2 FSLR short, 2
points thank MKing[08:33 am] sonorant :
tonight anthony[08:35 am] truck : short
TER
[08:36 am] eyes-inthenow : mhaus you s GR
[08:37 am] Brent : see you tonight
anthonyb[08:41 am] aussie123 :
Dan;;;;;;;where did you get shares to short
FSLR
[08:41 am] scalpman : All out TNA S
[08:42 am] dan : still have 100 I use 2 bar
trailing stop now
[08:42 am] scalpman : Sorry I didn’t post I
had a phone call, but entered at the break of
the trend line.
[08:44 am] mhaus : cavm[08:50 am] joeytsa :
just catching up…great trade earlier dan
!!!
[08:51 am] truck : out half,,TER[08:52 am]
truck : out quarter, TER
[08:54 am] truck : That short on that
ceramic stock is working,,,CRR[08:56 am]
monster : kris, what do you think about RRC
for a bounce here
[08:59 am] scalpman : FSLR L @ 68.31
[09:00 am] jsn13 : AGQ turning….
[09:00 am] scalpman : Out 1/2 FSLR L
[09:02 am] scalpman : FSLR has to break 69
for a big run….
[09:05 am] scalpman : FSLR may do it…
push…..
[09:08 am] qwert : mos[09:09 am]
eyes-inthenow : Any thoughts on S GR
[09:09 am] mikewd2 -: back in TNA 34.3
[09:10 am] mikewd2 -: doubled up on NFLX
also
[09:10 am] mikewd2 -: looking for 35.15
[09:11 am] doji : @ 34.75
[09:11 am] doji : Resistance here in TNA
[09:11 am] qwert : eyes i forgot to tell you
thanks for yoku earlier
[09:12 am] doji : Anyone added to NFLX after
the open today? or went long?
[09:12 am] joeytsa : that’s really their
only niche
[09:12 am] Kris : I thought windows 8 was
focusing on tablets
[09:12 am] mhaus : FIO
[09:12 am] mikewd2 -: doji, i have a 2x
position now in NFLX
[09:12 am] mikewd2 -: HP banking on notebooks
with Windows 8
[09:12 am] qwert : i added to nflx[09:12 am]
scalpman : Out another 1/4 FSLR L
[09:13 am] doji : I have only one position
at 129
[09:13 am] doji : What is your average
Mike?
[09:13 am] eyes-inthenow : Ok Please let me
know if I am Wrong TO not short Gr even thou
it looks to be turning over there is no
volume to confirm not a good trade idea
[09:13 am] mikewd2 -: oh, maybe they said
tablets
[09:13 am] scalpman : Still have a piece of
FSLR.
[09:14 am] doji : 130.70 resistance for
NFLX
[09:14 am] doji : Thanks Mike, I’ll add
iaround 129.
[09:14 am] eyes-inthenow : that is what i
thought
[09:14 am] mikewd2 -: 129.37 doji avg on two
buys
[09:14 am] qwert : eyes i don’t think gr has
enough money in it
[09:15 am] doji : Thanks Kris, after your
comments in support/resistance and trending I
see a clearer picture now
[09:15 am] doji : Yes Mike, it’s 10% and I
want to make it up to 15%
[09:15 am] mikewd2 -: doji, i wouldn’t go
into NFLX with more than 10%
[09:15 am] mikewd2 -: thought you were
already a 10% position?
[09:15 am] truck : watching AGCO
[09:16 am] doji : Thanks for the advise
Mike, I WON’T TELL MITCH ok? Again, I WON’T
TELL MITCH
[09:16 am] mikewd2 -: don’t tell MItch[09:16
am] mikewd2 -: lol[09:16 am] scalpman :
.99
[09:17 am] eyes-inthenow : thanks for
answering I think i just figured out why i
don’t make money from now on I will only look
at extreme moves with volume Like FSLR
Chart
[09:17 am] scalpman : FSLR teaching the
meaning of resistance.
[09:18 am] doji : Yes Eyes, that makes a big
difference…
[09:18 am] eyes-inthenow : i have been
chasing not to good of ideas
[09:18 am] joeytsa : i call them “spot
plays”
[09:18 am] joeytsa : you can specialize in
that eyes
[09:19 am] doji : Reverslas = 3% or move,
check support/resistance level for potential
money, Volume
[09:19 am] joeytsa : great job mike
[09:19 am] joeytsa : my biggest mental
problem right now is that i have a bearish
overall market feeling
[09:19 am] joeytsa : so i am trying to spot
play for shorts
[09:19 am] mikewd2 -: great teachers!
[09:19 am] mikewd2 -: I’ve not lost on a
trade today, only following the techniques
taught last night.
[09:20 am] doji : How did you get that Kris?
Teaching time
[09:20 am] doji : Stochastics = Good for
trending but not with high volatility… just
reading my yesterday’s notes
[09:20 am] mikewd2 -: and I’m finally
listening
[09:20 am] ronfrac : MItch/Kris: The RUT is
up 1.34 % but the TNA is only 3.41%. Can you
explain
[09:22 am] doji : Kris, can you clarify
please? Perhaps I understood incorrectly
[09:22 am] doji : You said “I disagree
doji”
[09:22 am] scalpman : All out FSLR…@
.90…
[09:23 am] Brent : watch your language
rusty
[09:23 am] candelas : me 2 Qwert[09:23 am]
rusty : F bullish engulfer[09:24 am] joeytsa
: doji: i get better results by identifying
the trend first…
[09:24 am] joeytsa : use stochastic buy
signals for pullbacks on uptrending stocks
vice versa for shorts
[09:24 am] rusty : lol[09:25 am] doji : No
Kris, continue please
[09:25 am] joeytsa : exactly
kris…especially on your quick movers
[09:25 am] Kris : good r/r
[09:25 am] Kris : I think they can serve
their purpose in both reversals and trending
plays, they are just used in different
ways
[09:25 am] Kris : that’s my 2 cents
[09:25 am] rusty : i’ll bid .01 for that
.02
[09:25 am] rusty : indeed lol[09:25 am]
scalpman : 30 minutes sideways
[09:25 am] scalpman : Of course now that I’m
out FSLR breaks 69…
[09:26 am] doji : and in very volatile
markets?
[09:26 am] doji : In trending plays, they
will help you to enter your position to go
with the trends right?
[09:26 am] Kris : yes, but don’t disregard
S/R and trendlines[09:27 am] doji : What is
the long term stochastics?
[09:27 am] joeytsa : doji: you can use the
same technique for swings also
[09:27 am] Kris : use the longer term
stochastics[09:28 am] doji : OK, I use the
2min
[09:28 am] Kris : but if you combine a 5min
stochastics with the 1 min chart
[09:28 am] Kris : on reversal trades
[09:28 am] Kris : usually the 1min
[09:28 am] Kris : well, like the 1min or
3min
[09:28 am] Kris : will give a lot of
headfakes[09:28 am] mikewd2 -: only got 0.30
on TNA garyb, you still in?
[09:28 am] truck : out half AGCO
[09:29 am] doji : Ok
[09:29 am] garyb : yeh I got stopped out
Mike
[09:29 am] joeytsa : see that Mitch
[09:29 am] Kris : has less static
[09:29 am] Kris : that will give you a
clearer signal to start your entry
[09:29 am] truck : out some more
AGCO,,,36.65
[09:30 am] joeytsa : I’m seeing lower highs
all over
[09:30 am] mikewd2 -: no shares to short for
FSLR
[09:31 am] garyb : No…not yet, but I am
planning on it for a nice swing…I just
don’t know if I should hold over the
weekend…i do see a bounce coming
[09:31 am] joeytsa : SINA now H list
[09:31 am] mikewd2 -: garyb, have you been
accumulating any TNA for longer term?
[09:32 am] garyb : I noticed that every week
is basically up for the entire week or down
the entire week…..so next week should be
good
[09:32 am] mikewd2 -: I’m thinking of
starting to acquire TNA for the longer term –
but we will see. I’ll just start small and
add
[09:32 am] mikewd2 -: still may daytrade some
other shares
[09:32 am] rusty : for you BRK.A traders
[09:32 am] rusty :
http://www.gurufocus.com/news/146183/berkshir
e-hathaway-is-now-traded-at-the-lowest-valuat
ion-in-decades
[09:33 am] eyes-inthenow : Kris what do you
mean a 5 min stoch on a 1 min chart
[09:33 am] mikewd2 -: 34 to 45 would be very
nice gains
[09:33 am] rusty : ss TZA has some
advantages over long TNA longer term
[09:35 am] candelas : nice IDCC
[09:35 am] garyb : yeh Mike….that’s what
I’m thinking too…….but this Europe thing
might bring more news this weekend
[09:35 am] rusty :
http://my.jetscreenshot.com/demo/20110923-8d1
6-104kb.jpg VIX above recent mid range[09:36
am] garyb : but I am foaming at the mouth to
take a swing trade in it (or maybe my dog bit
me!)
[09:36 am] joeytsa : agreed gary
[09:37 am] joeytsa : hesitant to hold things
over the weekend
[09:41 am] eyes-inthenow : i have it
[09:41 am] garyb : is anyone here with TD
Think or Swim?
[09:42 am] aussie123 : Yes TOS
[09:42 am] eyes-inthenow : but going to get
rid of them
[09:42 am] eyes-inthenow : there charts
lag
[09:42 am] garyb : Really? You don’t like
them?
[09:43 am] doji : Me Gary
[09:43 am] doji : The charting is good, what
lags is the data provider, in this case
TDA
[09:43 am] garyb : how do you like them
doji…I am with TD Ameritrade but don’t use
the Think or Swim platform…might switch
this weekend
[09:43 am] mhaus : yes
[09:44 am] doji : It’s very good
[09:44 am] doji : You have a trading matrix
you can use to enter your order using a click
with the mouse
[09:44 am] joeytsa : what are commission
gary?
[09:44 am] mhaus : TD Ameritrade is not for
day trading. They charge $10 per trade
[09:44 am] qwert : two at lod[09:45 am] doji
: $20 round trip
[09:45 am] doji : and you can move your
sell/buy/stop orders in the chart or in the
matrix
[09:45 am] doji : every time
[09:45 am] doji : That’s what I pay
mhaus[09:45 am] garyb : nice
[09:45 am] joeytsa : thank you
Mitch..agreed[09:45 am] joeytsa : thats what
i thought…just like charles slob
[09:45 am] mikewd2 -: i negotiated 5.99 for
etrade, so $12 rt[09:46 am] doji : So do you
recommend taking NFLX here Mitch? I think
everyone is expecting your comments on
this
[09:46 am] garyb : But tradestation charges
8 or 9 for 1000 right?
[09:46 am] garyb : doji, you can negotiate
with them if you deposit a large sum
[09:46 am] joeytsa : ALXN very interesting
today
[09:46 am] mhaus : I am switching to
TradeStation. $1 per trade. I have
InteractiveBrokers with Ninja Trader. That is
also $1 per 100 shares.
[09:47 am] doji : $250K?
[09:47 am] doji : I’ll call TDA to see if I
can negotiate… but I have also planned to
switch to Tradestation[09:47 am] mhaus :
Gary, they will talk if you bring in at least
$250,000 in new money
[09:47 am] mhaus : TradeStation is $0.005
per share, with a minimum of $1.00
[09:47 am] qwert : wow spy
[09:48 am] mikewd2 -: nice 0.60 jump in
TNA
[09:49 am] doji : If europe is an
indication, it opened with big loss but
closed over 1% to 2% up
[09:50 am] candelas : MCP lod[09:50 am]
mikewd2 -: out NFLX 132.95 back in 131.50
[09:54 am] rusty : if you guys are looking
for a good broker….Cobratrading.com pretty
good and they offer good service
[09:55 am] mikewd2 -: ouch ZSL 18.29
[09:55 am] rusty : I’ve been happy with
their service
[09:55 am] rusty : this is not a paid
advertisement
[09:58 am] doji : AGQ at 126 wow, anyone
playing it?
[09:59 am] mikewd2 -: I’m so bummed selling
ZSL at 14.23 yesterday
[10:01 am] joeytsa : doji: i don’t think
silver will go into bull mode until the
economy picks up globally
[10:01 am] joeytsa : not to say that it
won’t make for a good daytrade here and
there
[10:02 am] joeytsa : gold will have another
run eventually also…
[10:02 am] mikewd2 -: analysts on CNBC saying
short silver, options expiring and no one to
take the silver
[10:03 am] joeytsa : NEM is something i am
looking at for a hold in a different
account..
[10:03 am] mikewd2 -: but the market selloff
scared me, usually they have gone opposite
[10:03 am] mikewd2 -: the worst part of
selling ZSL is I knew silver was overpriced –
my gut
[10:03 am] rusty : funny CNBC was saying buy
SLV before today
[10:03 am] rusty : of course today they
short SLV
[10:04 am] joeytsa : at least that’s how i
understood it
[10:04 am] joeytsa : they pay their dividend
based on the price of gold..not the stock
[10:04 am] rusty : OPTR topping action
today
[10:04 am] rusty : peops selling pm to pay
for margin calls probably
[10:05 am] mikewd2 -: silver down over
$5/oz[10:08 am] doji : AGQ 119
[10:09 am] doji : I’ll put my order at
100?
[10:10 am] rusty :
http://www.streetinsider.com/Commodities/Gold
+in+FREE+FALL%3B+Hedge+Fund+Liquidation+Rumor
s+Rampant/6807910.html
[10:11 am] candelas : I’m sure quite a few
blew up this week
[10:11 am] mhaus : Doji, AGQ 52 wks low was
76.96
[10:11 am] mhaus : High was 382.08
[10:11 am] mikewd2 -: would not surprise me
to see silver at 28/oz[10:12 am] mikewd2 -:
at 31.05 now
[10:12 am] mikewd2 -: ZSL 19.3
[10:14 am] Kris : GOLD support at 90.00
[10:14 am] shark : you long ZSL mikewd2 at
19.3?
[10:14 am] sonorant : greater percentage
gains and losses?
[10:14 am] sonorant : Is silver more
volatile than gold typically?
[10:15 am] shark : I think you have weaker
hands in Silver
[10:15 am] shark : silver is poor man’s
gold
[10:16 am] sonorant : I’m just wondering
which might give the greater percentage gain
on a bounce up
[10:17 am] rusty :
http://stockcharts.com/h-sc/ui?s=gld%3Aslv
[10:17 am] sonorant : I’ve spent this
morning doing a lot of math, looking at
percentage gains of moves — trying to
determine which were the good trades — not
trading at all. Just study mode.
[10:18 am] pow : zsl[10:18 am] shark : the
harder they fall, the higher they bounce
comes to mind,
[10:18 am] sonorant : good point
[10:19 am] rusty : GLD:SLV ration all the
way back to it’s longer term avg[10:19 am]
rusty : ratio
[10:21 am] candelas : out 1/2 AGQ 118.49
[10:21 am] candelas : stop remainder
b/e[10:21 am] joeytsa : while not 100%, gold
is thought of financially and silver has an
industrial tinge to it
[10:21 am] pow : slv[10:22 am] candelas :
out another 1/4 119.1
[10:22 am] joeytsa : me too rusty, for a
long hold.
[10:22 am] rusty : tempted to buy SLV in
increments
[10:22 am] sonorant : we are theorizing,
candelas is making $$ lol[10:23 am] candelas
: who me????
[10:23 am] doji : NFLX dropping
[10:23 am] sonorant : rusty, so according to
that chart, either gold is way too high now,
or silver is way too low…. or a mix of
both
[10:24 am] candelas : all out
[10:24 am] candelas : had to work fast for
that 1
[10:24 am] candelas : stopped last 1/4 AGQ
b/e[10:24 am] mikewd2 -: zsl over 20
[10:24 am] rusty : correct sonos… long
term ratio about 6 and it got down to 3
recently
[10:24 am] sonorant : yes you — you
already understand, so you don’t need to
spend time scratching your head trying to
figure things out!!
[10:25 am] doji : AGQ at 111
[10:25 am] joeytsa : SLV ’08 low around
10
[10:25 am] rusty :
http://stockcharts.com/h-sc/ui?s=$WTIC:$NATGA
S&p=M&yr=10&mn=0&
amp;dy=0&id=p60158271137
[10:25 am] rusty : i do a similar arb in Oil
to nat gas
[10:25 am] shark : Good job rusty
[10:26 am] joeytsa : haha[10:26 am] rusty :
these ratio charts help you tell when
something is way outta whack
[10:26 am] shark : like they are putting on
cologne, or like they are running from the
crap in their pantsuits?
[10:27 am] mikeal : kris what do you think
of lulu here maybe a breakout?
[10:27 am] scalpman : SLV
[10:28 am] eyes-inthenow : I got slapped
ugly on SLV L.30.08
[10:28 am] rusty : am buying a small swing
position in SLV – prepared to add if it goes
lower
[10:30 am] candelas : 2 nice gifts on AGQ
[10:30 am] candelas : cha ??????
[10:30 am] rusty : loyal Cramerican bought
GLD and SLV at the high
[10:30 am] shark : ACOM
[10:31 am] swingtrader : Acom is being
defended by Jeffrey and Com ..huge spike
[10:32 am] candelas : thx for heads up on
AGQ Kris
[10:32 am] eyes-inthenow : Kris any thoughts
on SLV
[10:32 am] swingtrader : News coming in from
Eur[10:33 am] sonorant : right, and it looks
like the AGQ is a silver ETF x2 —
[10:34 am] sonorant : okay thanks
[10:35 am] doji : AGQ is Silver 3X
Sonorant
[10:42 am] sonorant : odd, google finance
says it is 200%
[10:43 am] rusty : sell short google
finance
[10:48 am] sonorant : I don’t know, looks
like 200% ???
http://www.proshares.com/funds/agq.html
[10:50 am] doji : Sell DOJI and RUSTY
short!
[10:52 am] doji : What about ZSL
[10:52 am] rusty : i thot it was 3x last
time I played it
[10:52 am] rusty : tx sonos[10:53 am] rusty
: http://www.proshares.com/funds/zsl.html
[10:53 am] rusty : something strange
[10:54 am] sonorant : what is strange?
[10:55 am] rusty : I’m look up AGQ and it
might have been 3x in past
[10:55 am] sonorant : interesting — no
reason they can’t go and change it on you I
suppose….
[10:56 am] doji : additional 2
[10:56 am] doji : It gives a return of 200%,
that is, a net profit of 200%
[10:56 am] doji : So if you put 1 it will
give you 2
[10:56 am] sonorant : ok, I want to go back
and check out a couple of charts from early
this morning that I had questions about.
[10:57 am] doji : in profits
[10:57 am] doji : read the prospectus
carefully
[10:58 am] doji : Got the picture?
[10:58 am] doji : If it would say “it give
you a return of 100%” then it will double
your money
[10:58 am] doji : It says “200% return” then
it will triple your money
[10:58 am] mikewd2 -: bought AGQ a bit high,
117.75 but maybe paying off now
[10:58 am] sonorant : but trust me — it
works to your advantage way more when the
stock is headed up than headed down. You
don’t want to hold those through big dips
[10:59 am] lisas : qld, dow mini past high,
bonds heading down, maybe the s&P can
break follow them up
[10:59 am] sonorant : doji, you’re right —
a 100% return would be doubling your
money…..
[11:00 am] rusty : and a 200% return would
be tripling?
[11:03 am] doji : Yes Rusty, pure math
[11:03 am] truck : MOS ,,, hod[11:04 am]
doji : DOJI
[11:04 am] doji : lol[11:04 am] doji : so
Sonorant don’t short JODI and RUSTY
[11:05 am] doji : You got me Kristy
lol[11:05 am] rusty : am not good at
math…only expert on rustoleum[11:05 am]
rusty : ty[11:06 am] joeytsa : IDXX big
drop
[11:08 am] rusty : but I can fight like
Steven Segal
[11:09 am] monster : anyone able to short
FSLR? no shares available with
ameritrade[11:10 am] doji : I have shorted
FSLR in the past with TDA Monster
[11:10 am] joeytsa : monster..haven’t tried
buts its on the H list at lightspeed[11:11
am] sonorant : Doji, your math may be good,
but I am more impressed that you picked up
shares of AGQ at 111. Why did you choose to
go in then?
[11:13 am] doji : No, I never took AGQ, I
was just watching it… and alert all you
guys. If I go long, I’ll say AGQ L 111
[11:14 am] sonorant : OH…. so sad!
[11:15 am] candelas : speaking of FSLR to
short
[11:15 am] candelas : tradestation has
shares
[11:15 am] scalpman : All out FSLR S…good
one Mitch thanks
[11:15 am] scalpman : All out TNA S
[11:17 am] monster : halted
[11:17 am] monster : hgic[11:17 am] skydiver
: HGIC halted – talk of a take over
[11:18 am] scalpman : Mitch I got 68.88
entry 68.56 and 68.35 on FSLR to cover
[11:18 am] skydiver : Nationwide in talks to
acquire HGIC – report from Bloomberg
[11:19 am] scalpman : I was a little late on
the entry…but it still looked good.
[11:21 am] sonorant : candelas — were you
going long on AGQ? at that first little turn
up at 10:18 or so?
[11:22 am] candelas : i played it twice
today
[11:22 am] candelas : yes. Thank u Mitch
[11:23 am] sonorant : no Mitch, in watch and
think mode today
[11:23 am] sonorant : trying to S L O W
things down to see more of the details…
[11:25 am] candelas : I played it at 1:19
and was out plus 2 and change and at 1:25
est. for plus 4 or 5 something like that
[11:26 am] candelas : nice Skydiver
[11:26 am] candelas : response to
Sonorant
[11:26 am] skydiver : fast!
[11:26 am] skydiver : S HGIC $34.51 –
covered 33.02 – $1.43 per share
[11:27 am] scalpman : Yes mitch I did.
Thanks
[11:29 am] truck : out MOS ,, short
[11:30 am] storage : thanks for hgic .85
[11:33 am] candelas : nice trading Scalp
[11:33 am] scalpman : Today I am 8/10 with
only two small losses. TNA is 83% of my
profits. I don’t know what it is, but I just
seem to read that action better than the
other trades. Whatever works…
[11:33 am] skydiver : good job scalpman –
[11:33 am] skydiver : I’ve been gone most of
the day but jumped on and made money.
Looking forward to the webinars coming up
[11:34 am] scalpman : I did also get SINA
and BIDU early from Kris. But I had a very
small position…wish I had put on more.
[11:35 am] scalpman : RRC…I blew the first
entry…and got stopped, but made back 90%
when I hit the entry a 2nd time. by staying
with it.
[11:36 am] scalpman : As Kris says, I flat
now…probably will call it a day. Thanks
for a very good week. One of my best. I am
grateful for the training from TSA. It’s a
life-changer….
[11:37 am] jsn13 : Totally agree on
that….I understand how to daytrade
now…..Thanks Mitch….
[11:37 am] Mitch K: great to hear scalpman,
are you going to the webinar sessions?
[11:37 am] scalpman : I have them ordered by
cannot view until next week…looking forward
to them Mitch. Thanks.
[11:38 am] candelas : holding last 1/4 of
HGIC stop at 32.53
[11:38 am] Mitch K: oh just ignore the first
12 minutes of session 1, i forgot to turn on
my mic[11:38 am] Mitch K: oh you don’t have
time today and this weekend scalpman? ok to
watch in video archives
[11:38 am] scalpman : Yes, leaving for a
weekend trip…back on Sunday eve.
[11:39 am] mikewd2 -: in.out AGC for third
time,
[11:39 am] qwert : 5 ma
[11:40 am] Mitch K: right on qwert[11:41 am]
candelas : HGIC
[11:41 am] candelas : stopped last 1/4 HGIC
31.92
[11:42 am] candelas : all out Hgic [11:41
am] jsn13 : Very useful but got cheated for
CRZO chart…didn’t go in the 2nd time…
[11:42 am] candelas : thx
[11:42 am] skydiver : Good job candelas
[11:42 am] skydiver : I love those rumor
stocks
[11:42 am] sonorant : yes good job
[11:43 am] skydiver : yes Kris – buy out
rumor
[11:44 am] Mitch K: lunch on candles
[11:46 am] Kris : looks like a buyout
rumor
[11:46 am] Kris : must have ran through some
short stop covers on it’s way to the high.
[11:46 am] Kris : thanks skydiver
[11:47 am] skydiver : It put me nicely in
the green today — I’ve been gone most of the
day.
[11:47 am] skydiver : Love that timing
[11:47 am] skydiver : yes — Nationwide in
talks with HGIC – was stopped for a bit and
then started up again
[11:47 am] sonorant : so one of the
interesting things to me is that if I look at
the AGQ chart (1 min), it doesn’t look all
that different from many charts we see every
day. And yet, because it was dropping soooo
much, so fast, even a small good trade was
worth a lot of money. Well worth it to
look at those numbers on the right hand side
and do a little m a t h…… Thanks
candelas for sharing your entries
[11:47 am] storage : thanks skydiver got
some it
[11:47 am] truck : watching XOM
[11:48 am] jsn13 : SO for OPTR can we say
that they have already peaked out on daily
chart? Or do we need to wait for another down
days to short this kind of stock? I’m not
trading it juz wanna learn..
[11:50 am] joeytsa : IDXX took forever but
finally hit my target
[11:50 am] jsn13 : so does it mean that ur
profit potential is very limited and not
worth the risk?
[11:50 am] mikewd2 -: is there a
recommendation to take AGQ into the
weekend?
[11:54 am] mikewd2 -: i’m in AGQ for the
fourth time, 117.25 – will look to dump at
some point
[11:54 am] swingtrader : alert on cern[11:54
am] truck : L ,,more XOM
[11:55 am] joeytsa : mike..short or long
[11:55 am] mikewd2 -: long
[11:56 am] joeytsa : I’m waiting for it to
hit resistance and go short
[11:56 am] joeytsa : looking for sell
signals in the downtrend
[11:56 am] jsn13 : But do u guys realize
that the move down on TNA daily has clearly
broke the neckline of head of shoulder
pattern? Would u guys care about those
pattern?
[11:57 am] candelas : think this is what u
were talking bout earlier Kris, HGIC been
sideways for last 17 min
[11:57 am] joeytsa : mike: every time stochs
hit 90 and turned back down AGQ dropped
[11:58 am] eyes-inthenow : See you all at
the Webinar good Luck
[11:59 am] Brent : thanks Joey, I’m jacked up
too
[11:59 am] joeytsa : looking forward to your
scanning lessons today brent[11:59 am] jsn13
: so u wouldn’t care for that and juz look at
price and volume especially V patterns?
[11:59 am] shark : a little too much reading
into the daily jsn13
[11:59 am] truck : CAT
[12:01 pm] eyes-inthenow : Kris I don’t know
what happened please resend
[12:01 pm] truck : buying more CAT
[12:02 pm] shark : FSLR topping
[12:02 pm] truck : out half,, CAT
[12:04 pm] rusty : CYB radar
[12:04 pm] rusty : CYB radar
[12:05 pm] joeytsa : jsn: that h/s pattern
break on the daily won’t affect my
daytrading, but i will take that into
consideration for a swing
[12:05 pm] mikewd2 -: great day guys, 9/9
$4885 up so far – paid for the webinar many
times over
[12:06 pm] candelas : nice going Mike
[12:06 pm] joeytsa : great mike
[12:06 pm] joeytsa : hate to say it..but i
always look at the money
[12:06 pm] joeytsa : very happy for you
[12:06 pm] jsn13 : that is what I’m trying
to get into…for swing it seems quite risky
now….
[12:06 pm] mikewd2 -: not that i’m looking at
the money! hahah[12:06 pm] truck : great
day MIKE !!
[12:07 pm] joeytsa : good job
[12:07 pm] mikewd2 -: i do to, but really
tried to use the 3min chart as my sell point
–
[12:07 pm] Mitch K: nice mikewd2,
excellent
[12:07 pm] truck : Mike,,,what were your
best five trades ?
[12:08 pm] mikewd2 -: all thanks to you
Mitch, Brent and Kris
[12:08 pm] mikewd2 -: NFLX 2 times, AGQ 4
times (still in one trade), TNA (3 times)
[12:08 pm] truck : great Mike !!! great
[12:09 pm] sonorant : as far as I can tell,
neither CAT nor CYB meet the 3% criteria —
is that correct?
[12:10 pm] Brent : great work mikewd2
[12:10 pm] mikewd2 -: stayed out of the iffy
trades i usually do each day
[12:10 pm] mikewd2 -: the webinar has made me
focus much better
[12:11 pm] joeytsa : going to make a huge
difference for you
[12:11 pm] sonorant : very impressive MIke
— hope your star dust rubs off on me… (and
of course Candelas’ star dust)
[12:12 pm] candelas : it will happen 4u
Sonorant, some great teachers in
Mitch,Kris,Brent[12:12 pm] joeytsa : in
117.30
[12:12 pm] joeytsa : sorry was watching
it
[12:12 pm] joeytsa : yeah
[12:12 pm] mikewd2 -: did you short AGQ joey?
heading south it looks like
[12:12 pm] mikewd2 -: i stopped with a $50
win on the last bunch i bought
[12:12 pm] sonorant : I’ve been thinking
about taking 1 or 2 days next week and
trading only TNA/TZA just to create focus
[12:12 pm] truck : out another
quarter,,,CAT[12:13 pm] joeytsa : set stop
at 116 for now
[12:13 pm] joeytsa : yep
[12:13 pm] mikewd2 -: nice
[12:13 pm] mikewd2 -: yep, at least you lock
in the profit
[12:14 pm] mikewd2 -: may go long one more
time
[12:14 pm] truck : out last piece,,, CAT
[12:16 pm] joeytsa : long?
[12:16 pm] Kris : we have about 40 minutes
left
[12:16 pm] mikewd2 -: back in 116.47
[12:16 pm] mikewd2 -: yep
[12:17 pm] joeytsa : i would look for the
next short, but I’m done
[12:17 pm] joeytsa : see you in the
webinar
[12:17 pm] Kris : and planning your exits on
your open positions
[12:17 pm] Kris : see you tonight joey
[12:17 pm] Kris : start to be more selective
with your trades
[12:17 pm] mikewd2 -: stopped again little
money
[12:18 pm] joeytsa : looking forward to more
learning…you guys at TSA are great
[12:18 pm] Kris : and giving brent emotional
support
[12:18 pm] Kris : I’ll be in the webinar
answering questions
[12:18 pm] mikewd2 -: done for the day –
[12:19 pm] mikewd2 -: dang now it moves
[12:20 pm] sonorant : Kris can you go back
to the GR chart from 9:00 this morning and
say again why that was a trending chart and
not a reversal? Not enough of a move? Too
slow of a move? Could you have bought in to
the trend on the dip?
[12:22 pm] doji : Kris don’t gibe Brent too
much emotional support or he will start
liking it
[12:23 pm] sonorant : I think it was around
9:10 eyes? was asking whether or not to
short. The stock was up just a little over
1% in over 2 hours……
[12:24 pm] running : exactly where do we go
to access last night’s web session
[12:25 pm] akram : ftnt[12:25 pm] derns :
Does anyone have opinions on a NFLX or TNA
swing over the weekend, considering EU
questions?
[12:26 pm] doji : Have to leave guys, see
you at the webinar
[12:26 pm] terry : i wouldn’t derns[12:27
pm] mikewd2 -: I wanted to take TNA, but not
going to
[12:27 pm] qwert : i have 1/2 swing position
in nflx keeping it
[12:27 pm] sonorant : I wanted to grab AGQ
but will wait
[12:28 pm] mikewd2 -: doji – you still have
NFLX?
[12:28 pm] sonorant : Actually, NFLX
currently at 129.85. wouldn’t be a bad place
to grab a little
[12:28 pm] terry : if the EU blows up who
knows what will happen with stocks
[12:30 pm] mikewd2 -: I’m going to grab a
little, then off to the webinar
[12:36 pm] rusty : kris, are there still
spots open for tonites webinar?
[12:37 pm] truck : Last night was great
Rusty !!
[12:39 pm] Brent : I believe so Rusty, call
the office 503-650-6346
[12:39 pm] Brent : take care derns[12:39 pm]
Brent : there should be a few seats left Dan,
call the office.
[12:39 pm] dan : Kris ,is it too late to
register for the webinar ?
[12:39 pm] derns : Mitch, Kris and Brent…I
can’t make tonight’s webinar..going to my
son’s meet…will catch it recorded and see
you tomorrow.
[12:39 pm] mbear : Has anyone else had
problems accessing the recorded session from
last night?
[12:40 pm] candelas : no problem for me
[12:40 pm] lisas : no mbear, I’ve gotten
into it a couple times, but haven’t had time
to watch all the way through, but first hour
worked fine
[12:47 pm] truck : If any of you are not
signed up for the webinar………All of us
in it last night thought it was great….It
is a money maker !!! Very positive.. Might
want to join us.
[12:48 pm] kevin5 : Kris, just wanted to
take a min to let you know that I’ve been
primarily trading the ES futures and doing
incredibly well thanks to your coaching.
Looking forward to the rest of the
webinars.
[12:48 pm] mbear : qwert – I agree…it is
work, but it’s a heck of a lot more fun!
[12:50 pm] shark : what a comeback for
ACOM
[12:55 pm] Kris : with tonight’s login for
the webinar session.
[12:55 pm] Kris : you will receive an email
in about 30 minutes
[01:00 pm] lisas : great weekend to all, see
everyone in webinar later tonight
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