[06:15 am] Kris : good morning traders
[06:15 am] Kris : HDB, DTE, BXS, ONXX, PNRA
and HGSI on the short side.
[06:15 am] Kris : Today I’m watching KFT,
HSY, GSK, QCOR, FFIV and AMZN on the long
side.
[06:22 am] Brent : good morning
[06:27 am] Kris : 3 minutes, Time To Rock!
[06:27 am] Kris : Let’s make some money!
[06:30 am] Kris : AMZN long small piece
[06:30 am] Kris : FFIV long
[06:30 am] Kris : HGSI short
[06:31 am] Kris : NFLX short
[06:31 am] Kris : out half FFIV long
[06:32 am] Kris : out half AMZN long
[06:32 am] Kris : out half NFLX short
[06:32 am] Mitch : watching BRCM for short
[06:33 am] Kris : BRCM running off the
open
[06:33 am] Kris : could setup for a good
short soon
[06:33 am] Kris : out another 1/4 FFIV
long
[06:33 am] Mitch : watching for long entry on
GMCR
[06:34 am] Kris : AMT short half
[06:34 am] Kris : out another 1/4 NFLX
short
[06:34 am] Kris : TMO short half
[06:34 am] Mitch : watching for short on top
of bounce with HES
[06:34 am] Mitch : watching TEVA for short
[06:35 am] Kris : watching GMCR for a short,
not going to enter yet, will wait for a
bounce off support here and then a break to
new lod.
[06:35 am] Mitch : monitoring WAG for
bottom
[06:36 am] Kris : markets still not decided
on direction
[06:36 am] Kris : will look to take CRUS long
on a pullback
[06:36 am] Mitch : consider covering short on
1st helping here on TEVA short
[06:36 am] Mitch : cover 1st helping short on
BRCM
[06:36 am] Mitch : double top on GLW for
short
[06:37 am] Kris : FFIV looking strong, still
holding 1/4
[06:37 am] Kris : GMCR short half
[06:37 am] Kris : had no bounce at support
[06:37 am] Mitch : the lower GMCR drops, the
better the long bounce will be,
[06:38 am] Kris : looking for new lod in TMO
on second half
[06:38 am] Kris : out half HGSI short
[06:38 am] Kris : out half ONXX short
[06:38 am] Kris : out half TMO short
[06:38 am] Mitch : watch ITRI for short, let
it run
[06:39 am] Kris : FFIV new hod[06:39 am] Kris
: out half GMCR short
[06:40 am] Kris : ONXX new lows
[06:40 am] Kris : starting to watch TNA for a
long soon.
[06:40 am] Kris : who’s your daddy
[06:41 am] Kris : oh mama
[06:41 am] Kris : out all GMCR short
[06:41 am] Kris : out another 1/4 ONXX
short
[06:41 am] Kris : starting to look for a GMCR
long soon
[06:42 am] Kris : FFIV holding up, acting
like it could be trendy today
[06:43 am] Kris : BXP long
[06:43 am] Kris : FSLR long half
[06:43 am] Kris : TTM long half
[06:44 am] Kris : out half FSLR long
[06:44 am] Kris : VLO long half
[06:44 am] Mitch : lost patience with GLW
short
[06:44 am] Mitch : watching PKI for long
entry
[06:45 am] Mitch : bottom in GMCR
[06:46 am] Kris : if we get a weak bounce and
a break to new lows look for more shorts and
be patient with any open shorts you might
have
[06:46 am] Kris : SPY trying to put in a
bottom here, see if it can test the hod on
this move.
[06:46 am] Mitch : ITRI should be stopped on
new high like this
[06:47 am] Kris : getting some play
[06:47 am] Kris : looking for another short
in ONXX
[06:47 am] Mitch : watch SINA for long
[06:47 am] Mitch : watch SINA, looking like
GMCR,
[06:49 am] Mitch : no sell signal yet on
GMCR
[06:49 am] Mitch : prepare to sell 1/3rd of
GMCR long soon though in your order screen
[06:50 am] Mitch : consider selling 2nd third
of GMCR long on a quick bounce, 62.70?
[06:51 am] Mitch : apkt[06:51 am] Mitch :
sorry, wrong window
[06:51 am] Mitch : TSS shortable here soon
[06:52 am] Mitch : GMCR still looks good to
hold remaining long,
[06:52 am] Mitch : ITRI turning over
[06:52 am] Mitch : SINA moving up
[06:54 am] Mitch : PKI moving up, late to
enter long
[06:54 am] Mitch : TSS a little hot
[06:56 am] Brent : watching PFCB for a
bounce
[06:56 am] Mitch : consider selling remaining
GMCR soon
[06:56 am] Mitch : watching HGSI for bounce,
requires more precision, wait for bottom,
keep smaller position
[06:57 am] Mitch : forget HGSI long idea,
other ideas better
[07:01 am] Mitch : monitoring APKT for
long,
[07:01 am] Mitch : watching TEVA for short
here
[07:03 am] Mitch : or with SINA long and
short
[07:03 am] Mitch : tell me you guys got the
short on top of GMCR bounce
[07:05 am] Mitch : watching for 2nd short on
HES
[07:06 am] Mitch : DPS moving up, usually
slower mover
[07:08 am] Mitch : anyone hanging short with
TSS?
[07:09 am] Mitch : let’s see if GMCR makes
new low, doubtful makes lower low so prepare
to cover most of GMCR short
[07:12 am] Mitch : cover GMCR, bouncing
[07:12 am] Mitch : SINA alert
[07:14 am] Mitch : maybe to 78 next 24 hours
or so
[07:14 am] Mitch : you guys look at the SINA
daily chart and it tells me there is a long
ways to drop
[07:16 am] Mitch : PFCB, Chinese food
bouncing
[07:17 am] Mitch : stay focused, we still got
another cycle of ideas to process
[07:19 am] Mitch : monitoring HES for another
short helping,
[07:20 am] Mitch : go light on HES until you
know it does not make new high
[07:21 am] Mitch : still watching SINA for
long attempt
[07:21 am] Mitch : wait to see if HES breaks
into new highs
[07:21 am] Mitch : wait to see if HES breaks
into new highs looks like it will
[07:22 am] Mitch : worth small short on
HES
[07:25 am] Mitch : earliest sell signal on
Chinese food, PFCB
[07:25 am] Mitch : projector not working
again
[07:26 am] Mitch : looking for around 58.25
on HES this time
[07:33 am] Kris : MON short under 72.78
[07:33 am] Kris : SPY new lod[07:33 am] Mitch
: curious if anyone went short TSS
[07:33 am] Mitch : TSS may not look like much
but over 2% short so far
[07:34 am] Mitch : just let HES drip, drip,
drip and see how far down she goes
[07:42 am] Brent : SPY new lod[07:44 am]
Mitch : no bounce in SINA yet
[07:49 am] Kris : MON short half
[07:54 am] Mitch : ITRI finally worked
[07:55 am] Mitch : anyone stay with ITRI
short?
[07:57 am] Mitch : if you are short ITRI,
probably cover most of it here and look for
2nd helping short later on
[07:58 am] Mitch : ITRI is tradable on long
side for scalp here too
[07:58 am] Mitch : so I wouldn’t expect as
reliable of a bounce on a chart like TSS,
even though it looks like same pattern
[07:58 am] Mitch : the difference between the
ITRI and TSS chart is TSS has lower volume,
not as active
[07:59 am] Kris : TNA long half
[08:03 am] Kris : out half TNA long
[08:04 am] Kris : gonna sit on this last
small piece
[08:06 am] Mitch : oh poop, i missed SODA
long, staff posted that to me before first
bottom. but look for short helping again at
top of this bounce, same routine
[08:13 am] Kris : we should get a pullback
soon in the SPY, see if we can make a higher
low off the lod and form a trendline of
support.
[08:17 am] Mitch : monitor HES for 3rd
helping short on top of this bounce,
preferably over 58.80
[08:18 am] Mitch : also missed INTU bounce
but monitoring for top, ideally over 52.70
[08:20 am] Kris : yes pow[08:20 am] Mitch :
also missed VRTX bounce long but now watching
for short entry.
[08:21 am] Kris : thanks shawnt4
[08:24 am] Mitch : anyone shorted SODA?
[08:25 am] Mitch : come on guys, what do you
want us to do, trade for you? lol[08:26 am]
Mitch : not expecting SODA to make new lows
but good money either way
[08:27 am] Mitch : let’s see if SODA goes to
new low, easily could on that daily
chart
[08:28 am] Mitch : something you have to
watch out for is the scaling on the right or
left side of your chart. SODA may not look
like good money but its already moved down 70
cents on the last short and that’s over 2%
profit already. yet the scaling makes it
look like a wimpy trade idea
[08:35 am] Mitch : ok ITRI short is our next
target, no hurry, try for 36.50 area
[08:36 am] Kris : out all TNA long
[08:38 am] Mitch : SODA approaching new
lows
[08:40 am] Mitch : new low on SODA, looking
for more downside now
[08:47 am] Mitch : ITRI getting interesting
soon for short
[08:50 am] Mitch : looking for around $35.50
for ITRI short
[09:03 am] Kris : SPY consolidating under
resistance line, look for a breakout long
soon.
[09:08 am] Mitch : watching VRTX for a short,
maybe 42.10 area, want to see if new highs
over 42.25 area first though
[09:18 am] Mitch : probably good time to
cover most of ITRI short here
[09:55 am] Brent : I would say no victor51,
VRTX made higher highs
[10:26 am] Brent : SPY at trendline
resistance
[10:45 am] Brent : good eye monster
[10:45 am] Brent : IDCC alert
[11:38 am] Brent : SPY looking to test
hod[11:39 am] Kris : break time, be back in
about 30
[12:31 pm] Brent : SPY new hod[12:58 pm]
Brent : 3 min left, if you are in any
trades
[12:58 pm] Brent : 2 min
[01:00 pm] Kris : great job today everyone.
have a good night and I’ll see you all
tomorrow.
[01:00 pm] Brent : have a great night, see
you all in the morning
|
[06:05 am] joeytsa : durable goods ticked
down 1 notch, new home sales at 10amest,
crude inventories 10:30 est[06:07 am] jewels0
: Hey Joey, thank you for all of the info
you pass on to us here. I really appreciate
it.
[06:07 am] jewels0 : and to all those who
do
[06:08 am] joeytsa : i just grab
headlines…rusty is the real news breaker
[06:09 am] joeytsa : both BIIB and ONXX had
decent phase3 results…both gapping up
[06:10 am] eyes-inthenow : LNG up big time
any thoughts Joey
[06:12 am] joeytsa : gap ups
ONXX,QCOR,PNRA,BIIB,FSLR,FFIV
[06:12 am] joeytsa : gap down:
AMZN,HGSI,CHRW,BRCM
[06:18 am] lightning : LNG is a huge gap
(75%) up this morning
[06:19 am] joeytsa : yeah LNG signed a deal
to export
[06:19 am] joeytsa : also a sale/purchase
agreement with BG
[06:20 am] joeytsa : “deal could reap
$410M/r” ceo remarks
[06:20 am] lightning : guess it is best to
let that one go and focus on others
[06:21 am] eyes-inthenow : thanks for info i
am out +18
[06:26 am] pmarvel : Yesterday I tried to
cover my FSLR short 10 minutes before close
but it didn’t go even in market price. Is it
usual in live trading?
[06:27 am] trvlntrdr : call your broker
[06:32 am] joeytsa : BRCM closed gap and
more
[06:32 am] doji : S LNG from the open
[06:34 am] joeytsa : PNRA nice run up..look
to see if it turns
[06:34 am] doji : all out LNG…+ 52c
[06:35 am] joeytsa : GMCR closed
gap…looking for a bottom
[06:35 am] doji : TZA L
[06:36 am] doji : 33.29
[06:36 am] joeytsa : german vote 503 for,
89 against
[06:36 am] doji : Good for my TZA
[06:36 am] joeytsa : nice BRCM call Mitch
!!!
[06:37 am] doji : all out TZA 33.75…
45c
[06:38 am] joeytsa : watching PNRA to see if
it holds support or not
[06:40 am] joeytsa : PNRA turned
[06:40 am] joeytsa : trail it down
[06:41 am] joeytsa : BIIB fell right along
ONXX
[06:41 am] doji : FSLR
[06:42 am] doji : GMCR still dropping, weak
vs SPY
[06:43 am] shark : AMZN new lod[06:43 am]
doji : FSLR very strong today
[06:43 am] joeytsa : lowering stop on
PNRA
[06:46 am] doji : GMCR L
[06:46 am] skydiver : L GMCR 60.01
[06:46 am] joeytsa : left a ton of $$ on the
table with GMCR
[06:47 am] eyes-inthenow : S GLW 14.64
stopped out 14.84
[06:47 am] joeytsa : made ok $$, just left a
ton…cookie cutter approach
[06:48 am] skydiver : L GMCR 60.01 – out 1/2
61.87
[06:48 am] joeytsa : ANF weak
[06:48 am] doji : 1/2 out GMCR 62.32
[06:49 am] doji : 1/4 out GMCR 63.01
[06:49 am] skydiver : L GMCR 61.51
[06:49 am] doji : trailing last 1/4 GMCR
[06:50 am] doji : again skydiver?
[06:50 am] doji : all out GMCR
[06:50 am] skydiver : sorry guys – my
computer froze up funny – I’m in GMCR at
61.51
[06:50 am] doji : SPY lod[06:50 am] skydiver
: out GMCR 62.67
[06:51 am] trvlntrdr : nflx near lod[06:51
am] joeytsa : SINA having a rough day
[06:54 am] doji : stopped in TSS
[06:54 am] joeytsa : ATI big spike
[06:57 am] skydiver : Thanks for GMCR –
great call — although I panicked a bit when
my computer went weird
[06:58 am] joeytsa : V pattern beauty on
GMCR
[06:58 am] sonorant : I missed GMCR —
didn’t get filled at the bottom, so let it
go. Did get AMZN long at open.
[06:58 am] joeytsa : i missed the long also
sonorant..eyes on other stuff
[06:59 am] joeytsa : PNRA still falling
[06:59 am] shark : DECK down,
[07:00 am] skydiver : New home sales were
above expectations
[07:00 am] joeytsa : got 3 on PNRA, missed
the last 4
[07:00 am] rusty : U.S. SEPT. NEW-HOME SALES
RISE 5.7% TO 313,000 ANNUAL RATE
[07:01 am] joeytsa : ANF with the fleas
[07:02 am] apple : thx for PNRA joey
[07:02 am] shark : GMCR -round #2 down
[07:03 am] apple : yes MK
[07:03 am] trvlntrdr : was too scared too
[07:03 am] edgarg : got it mitch –
gmcr[07:04 am] anthonyb : I did! short
GMCR
[07:04 am] trvlntrdr : I did get the sina
long and then out on time
[07:04 am] Mitch : no fear trv[07:04 am]
shark : GMCR s 63.01
[07:04 am] skydiver : I missed it – was
sleeping at the wheel
[07:04 am] skydiver : Good job guys on
GMCR
[07:04 am] sonorant : I hesitated
[07:04 am] storage : got the long sina[07:04
am] derns : no GMCR shares available for
short..but got the long1
[07:04 am] observer : Thx, Mitch, SINA
L86.79 out 87.49
[07:04 am] truck : All over GMCR,,MK !!
Thanks
[07:05 am] sonorant : yes, I got the long on
SINA too storage
[07:05 am] joeytsa : VMW lod[07:05 am]
observer : Thx, Kris BXP L 92.35 out92.62
[07:05 am] truck : Brent,,,,Still watching
PFCB ?
[07:05 am] joeytsa : slowly trending down
[07:06 am] storage : sina l 86.60 out
87.58
[07:06 am] joeytsa : market trending down
since just b4 the home sales report
[07:06 am] anthonyb : maybe another try at
ITRI?
[07:07 am] storage : Thanks just trying to
make a couple good trades a day
[07:07 am] truck : VMW
[07:07 am] joeytsa : that’s all you
need…keep it up
[07:07 am] skydiver : yes – great job
storage
[07:08 am] shark : GMCR still beautiful
short
[07:08 am] joeytsa : closed VMW actually
[07:08 am] anthonyb : yes short TSS 20.20
[07:08 am] doji : I shorted again and
already close at 19.93 Mitch
[07:09 am] eyes-inthenow : i am
[07:09 am] doji : flat with TSS, recovered
my loss!
[07:09 am] khall : gmcr is one of those that
the price on IB does not match price on Ninja
with kinetick – frustrating
[07:10 am] joeytsa : GMCR with 3 nice trades
so far on it
[07:10 am] ronfrac : short gmcr 62.79
[07:10 am] skydiver : great job ronfrac on s
gmcr[07:11 am] dano : had a nice tza
scalp…got out a little early, but finally a
win nonetheless
[07:11 am] joeytsa : bookem dano !!!
[07:11 am] lightning : me too ronfrac, but
I’ve already covered 3/4. Still holding 1/4
GMCR short
[07:12 am] joeytsa : SINA is ugly
[07:12 am] ronfrac : Was long GRCR 61.82
sold 62.4,63.14,62.70
[07:12 am] pmarvel : SINA
[07:12 am] Mitch : nice ron[07:13 am] Mitch :
that was GMCR? ron[07:13 am] apple : good
job ron[07:13 am] ronfrac : covered GMCR
62.32,62.11,61.03
[07:14 am] Mitch : you are getting the hang
of it ron[07:14 am] joeytsa : great trading
ron 🙂
[07:14 am] ronfrac : This was in cash acct
not paper trading. May quit while I’m
ahead
[07:14 am] observer : L APKT 30.40
[07:15 am] eyes-inthenow : I s ITRI BOTH
TIME AND STOPED OUT
[07:15 am] candelas : i longed GMCR 2nd time
got 1%
[07:15 am] observer : good trade Candelas
[07:15 am] doji : TZA crazy
[07:15 am] apple : there goes SPY
[07:15 am] chinhngo : i long sina at 86.40
underwater now please advice what is stop
[07:15 am] candelas : was not looking for
much on that bounce
[07:16 am] ronfrac : Watching ovti for
bottom
[07:16 am] Mitch : the general rule chichingo
is when SINA made new low around 85.15
[07:16 am] Mitch : was your stop
[07:16 am] sonorant : thanks for posting
candelas, I looked at it, and didn’t take it,
but good to know your strategy on it.
[07:16 am] khall : had a few great trades
this am – took Lisa’s advice from yesterday
and slowed it down
[07:16 am] anthonyb : Joey, I know it
doesn’t come close to your ES trade
yesterday, but I just made 6.25 pts. on my ES
short
[07:16 am] khall : got 8% on HGSI short!
[07:17 am] Mitch : nice hall
[07:17 am] anthonyb : makes up for my loss
in ITRI
[07:17 am] joeytsa : khall…very nice
[07:17 am] apple : good one khall[07:17 am]
doji : Watching TNA
[07:18 am] doji : TNA L 42.97, tight stop
[07:18 am] candelas : for Sonorant entry
60.79 @ 10:12est exit 61.33 @ 10:14
[07:18 am] shark : GMCR s 63.01 out at
61.33
[07:19 am] apple : good one shark
[07:19 am] doji : TNA moved stop above
breakeven
[07:19 am] skydiver : great job shark
[07:19 am] shark : thx, apple. GREAT team
effort here! 🙂
[07:19 am] joeytsa : 5/6 on stocks…only
loss was $1k on FSLR…good morning
overall
[07:19 am] lightning : covered rest of GMCR
here.
[07:20 am] doji : all out TNA drop in the
buck
[07:20 am] doji : 21c
[07:20 am] candelas : u get that Sonorant
[07:21 am] sonorant : get what? I’ve done
SINA, AMZN, and ONXX
[07:21 am] candelas : posted my entry/exit
for you
[07:21 am] candelas : gmcr[07:22 am]
skydiver : watching HES
[07:22 am] rusty : SODA radar
[07:22 am] eyes-inthenow : Kris do you know
were global settings are I tried to sell 1000
shares and it said max 500
[07:23 am] sonorant : candles, yes, see it
— thanks, it helps
[07:23 am] joeytsa : BIDU using the prv cl
as a magnet
[07:23 am] anthonyb : I have the same issue
eyes.
[07:23 am] mhaus : Eyes, that would be in
your broker application settings
[07:24 am] anthonyb : with IB mhaus?
[07:24 am] anthonyb : or is that in
Ninja?
[07:24 am] trvlntrdr : I think it is in IB/
TWS
[07:24 am] mhaus : yes, I am with IB and
Ninja
[07:25 am] eyes-inthenow : so where do i
go
[07:25 am] anthonyb : do you change
settings in Ninja or IB
[07:25 am] trvlntrdr : IB
[07:25 am] pow : Mitch, I think your screen
is frozen
[07:25 am] truck : out half PFCB
[07:26 am] pow : GMCR testing double
bottom
[07:26 am] candelas : great call Hes[07:26
am] skydiver : S HES 59.01
[07:26 am] trvlntrdr : anthonyb go to TWS–
configure–presets–stocks–precautionary
[07:27 am] truck : out half VMW
[07:27 am] anthonyb : thanks trvlntrdr[07:27
am] trvlntrdr : no prob[07:27 am] scalpman
: out 3/5 PFCB L
[07:28 am] truck : out PFCB
[07:29 am] anthonyb : out 1/2 HES
[07:29 am] truck : out VMW
[07:29 am] observer : Stopped APKT
[07:31 am] anthonyb : gosh, I really
mismanaged my ITRI short
[07:31 am] trvlntrdr : what do you think
about long in SINA now Mitch
[07:31 am] anthonyb : I payed the stupid
tax
[07:32 am] pow : LNG moving down
[07:32 am] trvlntrdr : never mind about
Sina[07:32 am] trvlntrdr : can’t be
trusted
[07:33 am] eyes-inthenow : I did mitch still
in it
[07:33 am] khall : yes I’m short tss[07:33
am] anthonyb : I am still in1/2 short TSS
[07:33 am] neuronx : TSS short 19.94
[07:33 am] victor51 : Mitch, good call on
Hes short
[07:34 am] anthonyb : Short 300@ 20.20. 1/2
left
[07:34 am] anthonyb : The slow sinkers are
my favorites
[07:35 am] anthonyb : Mitch has transformed
me as a trader
[07:36 am] anthonyb : I used to think he was
nuts, with all this fading these big moves
and such. Now, I see it…
[07:36 am] rusty : NFLX might be highlighted
on CNBC at noon
[07:38 am] sonorant : SINA long?
[07:39 am] ben4givn : TSS S @ 20.13 out at
19.70 for 2%. Thanks Mitch
[07:40 am] skydiver : agn[07:40 am] anthonyb
: guilty I guess. But I’m a better trader
because of him and kris and brent[07:41 am]
eyes-inthenow : S TSS 20.11 out Half 19.92
1/4 19.97 1 /4 19.69
[07:42 am] anthonyb : nice one eyes
[07:42 am] eyes-inthenow : got really hurt
on Itri thou
[07:42 am] anthonyb : I still have 150
shares short from 20.20
[07:43 am] anthonyb : Yeah tell me about it
ITRI took most of my gains today. My
mistake
[07:44 am] scalpman : Out 1/2 Sina L from
81.92
[07:44 am] bandit : amzn dropped like a rock
this morning
[07:44 am] eyes-inthenow : ahead 90 on TSS
down 400 Itri go figure
[07:44 am] scalpman : Stop below 82
[07:45 am] anthonyb : yeah, I made a big
position size error on ITRI. was too proud to
just reduce at a small loss
[07:45 am] scalpman : Stopped on 2nd half of
Sina—smaller profit.
[07:45 am] anthonyb : That won’t happen
again
[07:46 am] trvlntrdr : I guess the market
didn’t like what is happening in europe–
look at the EUR/USD
[07:46 am] eyes-inthenow : Same here I tried
it two times
[07:46 am] anthonyb : me too lol[07:46 am]
rusty : After a very weak day and closing on
low, gap ups have a very high chance of
fading.
[07:47 am] truck : Brent,,,,are you
considering SPY,,,or just communicating ?
[07:47 am] pow : GMCR breakig to new
lows
[07:47 am] eyes-inthenow : Joey look at LNG
now
[07:47 am] eyes-inthenow : and to think i
got out
[07:47 am] Brent : just communicating truck.
I don’t trade the SPY, just watch it
[07:48 am] pow : GMCR new lod[07:49 am]
truck : out 3/4 GMCR
[07:49 am] candelas : $tick hit -1169
[07:50 am] anthonyb : eyes look at ITRI now.
WE should have tried for a third lol[07:50
am] doji : TZA should have been a good long
today… mishandled
[07:50 am] candelas : $tick hit -1312
[07:51 am] truck : Is there another long on
GMCR ?
[07:52 am] candelas : $tick trying to get
positive -341
[07:52 am] anthonyb : Gosh I wish I could
stay longer. I have to leave.
[07:52 am] dano : got a successful 2nd
helping from tza[07:52 am] anthonyb : book
em Dano!
[07:53 am] dano : …nerves are tested
[07:53 am] dano : …after the spectacular
beat down I’ve experienced…LOL
[07:53 am] truck : Apple,,,how many times
have you traded GMCR today ?
[07:54 am] eyes-inthenow : Ya That’s the
problem then were chasseing it
[07:54 am] rusty : CHRW radar
[07:54 am] rusty : falling below 50dma on
daily as well
[07:55 am] anthonyb : without me ITRI
lol[07:55 am] pow : No too late for ITRI
[07:56 am] pmarvel : What happened to
SPY?
[07:56 am] chinhngo : yes just short at
34.81
[07:56 am] chinhngo : sina is bounced
now?
[07:58 am] candelas : $tick back in
positive
[07:59 am] rusty : HGSI worth putting on low
level radar
[07:59 am] rusty : based on daily chart
[08:02 am] candelas : $tick plus 200
[08:02 am] Kris : let me know when it hits
+1001
[08:02 am] candelas : will do
[08:03 am] candelas : market internals
(breadth)
[08:03 am] truck : out half TNA
[08:03 am] candelas : measures strength
[08:04 am] scalpman : Out 1/3 TNA from
42.09
[08:04 am] scalpman : 1/2
[08:04 am] dano : roger
[08:04 am] pow : GMCR lod[08:05 am] anthonyb
: Hey, I have to thank You guys,
(Mitch,Kris,and Brent) my trading since the
webinar has improved vastly. I turned 44
yesterday, I think I can retire from shoeing
horses next year if I decide to. Thanks guys.
I will see all of you tomorrow
[08:06 am] trvlntrdr : good for you
Anthonyb!
[08:06 am] Brent : awesome to hear anthonyb,
have a good night
[08:06 am] dano : happy bday A…45 here
[08:06 am] truck : out 1/4 TNA 42.70
[08:07 am] anthonyb : Brent, your 3min fade
webinar has taught me a set of rules that I
can really follow. thanks for that
[08:07 am] truck : stopped last
half..TNA[08:08 am] candelas : $tick hit 705
backing off plus 200
[08:08 am] Brent : great job anthony[08:09
am] Mitch : interesting tony,
[08:09 am] anthonyb : what is interesting
Mitch?
[08:10 am] Mitch : that you are getting
consistent, don’t focus on retiring, focus on
consistency and execution, chart
recognition
[08:10 am] chinhngo : sina bounced yet?
[08:10 am] Kris : BP won drilling permit in
gulf of mexico[08:10 am] Kris : news just
came out
[08:11 am] anthonyb : thanks Mitch. If you
ever make it to S Florida, I’ll take you
fishing on my boat.
[08:12 am] skydiver : skydiver : BP –
government just gave them a green light to
drill for oil in the gulf –
[08:16 am] jsn13 : Brent can u send me the
link for the lesson that Mitch taught few
weeks ago? It was a friday…on how to
determine where is the turning point for
swing ideas?
[08:16 am] skydiver : Been a good day – have
to go down to my office – see you all later!
Keep making lots of $
[08:17 am] skydiver : kb
[08:18 am] shawnt4 : Nice call on TNA
Kris
[08:19 am] pow : Kris still 1/2 long TNA?
[08:19 am] joeytsa : the FXE had a pretty
big drop from the open
[08:21 am] candelas : yea nice call
Kwwwis[08:23 am] pow : LNG tanking
[08:24 am] candelas : BIIB hod[08:24 am]
qwert : yep short soda
[08:24 am] pow : NO but wish I had
[08:25 am] pow : short HES @ 58.42
[08:25 am] truck : yes,,, short SODA
[08:26 am] scalpman : VRTX S 41.96
[08:26 am] victor51 : I am in for HES again
but not Soda
[08:26 am] rusty :
http://www.usatoday.com/money/markets/story/2
011-10-25/Occupy-app/50903422/1
[08:27 am] rusty : Occupy Wall Street Iphone
App
[08:27 am] neuronx : need to get more real
estate
[08:27 am] truck : out another 1/4 SODA
[08:28 am] sonorant : tell me about it
neuronx[08:28 am] dano : EU news??
[08:29 am] apple : thx MK, it is a good
trade
[08:29 am] trvlntrdr : my logic about more
monitors is that if you can monitor more
stocks, then pick up a trade Idea the monitor
might pay for itself in a couple days
[08:29 am] apple : true, trv[08:30 am]
shawnt4 : Mitch: I love it when you post a
price that you are taking it log or short
[08:30 am] pow : NIce Move down in LNG
[08:30 am] Mitch : right trv, i think i have
15 monitors and 7 computers in this room
alone
[08:30 am] shawnt4 : that really makes me
feel comfortable with the trade
[08:30 am] rusty : i have 15 monitors and
I’ll raise you a monitor
[08:30 am] trvlntrdr : well, I think your
trading has paid for that!
[08:31 am] derns : Markets are moving up
[08:31 am] pow : watching for climax sale in
LNG
[08:31 am] candelas : eu deal part X
[08:33 am] chinhngo : i set short hes at
58.8 as you advised
[08:34 am] pandozzi : on a nice itri long
here
[08:34 am] Mitch : move limit order higher on
HES chingo, be able to move orders around
easily
[08:35 am] chinhngo : and bought bp long
and option call so far so good thank
[08:35 am] candelas : nice trending stock
BIIB
[08:36 am] pandozzi : got a 35.90 stop itri
for a quick grand
[08:36 am] rusty : ADP radar….sorry little
late….
[08:37 am] sonorant : candles, so BIIB is at
high for day, and high for many days. How
does this work? Will it be good short when
it is so strong?
[08:37 am] dano : had a scotch last eve and
wrote up some new rules. traded those rules
today and 2 for 2. Shy of my daily goal by
50%, but I think i will bow out, take the win
and review. Perhaps a final hour scalp. Any
swing thoughts, or do we wait for the close
and evaluate market sentiment?
[08:37 am] eyes-inthenow : Ya and I had s
200 Premarket Pow[08:38 am] khall : Lovin me
some SODA …
[08:39 am] joeytsa : either way you are 2/2
!!!
[08:39 am] ben4givn : fnsr[08:40 am] khall
: you asked me yesterday if I used kinetick
with ninja and the answer is yes
[08:40 am] sonorant : I can’t remember the
context anymore… lol[08:40 am] khall :
VRTX looking like it might turn over …
[08:40 am] dano : if you’d like. Actually
these are rules I came up with months ago and
thru the course of (over)loading my head with
info, I had let them slip my mind.
[08:40 am] Mitch : i forgot who is short
SODA
[08:41 am] khall : me
[08:41 am] sonorant : candles, did you see
my question about BIIB?
[08:41 am] khall : context was that the
price on ninja doesn’t match price on IB
[08:41 am] qwert : short soda 30.00
[08:41 am] candelas : its trending higher so
harder to short, plus better opportunities
out there
[08:41 am] sonorant : but later today?
[08:41 am] sonorant : or down the road?
[08:41 am] Mitch : ok qwert, how low you
think SODA will go?
[08:42 am] doji : Got killed trying to go
long with TZA
[08:42 am] qwert : maybe 28- 28.50 area just
watching
[08:42 am] candelas : just have to monitor
later
[08:43 am] chinhngo : please advice
sina[08:44 am] scalpman : SINA L from
82.82
[08:44 am] candelas : plus it is holding a
nice trendline upwards Sonorant
[08:44 am] chinhngo : short itri at 36.50
filled
[08:44 am] chinhngo : short hes at 58.85
filled
[08:45 am] dano : sorry to hear doji. TZA
was my 2 for the day. Caught two brking
resist and road up
[08:45 am] pandozzi : go itri baby new stop
at 36.50 for another grand +
[08:45 am] scalpman : HES S @ 58.82
[08:45 am] candelas : we hit 1003 Kris
[08:46 am] scalpman : OUt 1/2 SINA L
[08:46 am] dano : received son. They are
really simple and very newbie. You probably
already know them, but will send
nonetheless.
[08:47 am] trvlntrdr : FFIV still strong
[08:47 am] pow : NIce call on TNA Kris
[08:47 am] scalpman : IRTI S @ 36.46 (got
it earlier)
[08:48 am] scalpman : All out SINA on the
drop
[08:48 am] pandozzi : I’m on a short now
itri what a long ride’
[08:49 am] Mitch : anyone short ITRI, post
entry price
[08:49 am] pow : LNG breakout
[08:49 am] pandozzi : 36.39
[08:49 am] trvlntrdr : s itri 36.39
[08:50 am] neuronx : 36.23
[08:50 am] jsn13 : shorted at36.25
[08:50 am] candelas : Soda bottoming
[08:50 am] candelas : or trying
[08:50 am] trvlntrdr : I had to set up a
chart in TWS
[08:51 am] apple : S ITRI 36.38
[08:51 am] eyes-inthenow : S ITRI 36.39
[08:52 am] eyes-inthenow : what’s your stop
on ITRI
[08:53 am] dano : ok brothers and sisters,
looks like I’m gonna take my chump change and
exit gracefully. Will look back at my charts
and book it…
[08:53 am] eyes-inthenow : S S .29
[08:53 am] Mitch : looks like SODA short is
over qwert[08:53 am] rusty : Whitney Tilson
supposedly will be on CNBC re NFLX
[08:54 am] khall : well, the SODA was a nice
ride
[08:54 am] lightning : Tilson will say what
all PMs say when they were wrong: We were
just early.
[08:54 am] pmarvel : ITRI going up?
[08:54 am] qwert : yep covered soda at 28.92
awesome call thanks
[08:56 am] eyes-inthenow : Mitch what’s a
good Stop ITRI I S 36.29
[08:57 am] rusty : ADP bounce
[08:58 am] pow : consider LNG as long play.
they received 8 billion contract to deliver
natural solid gas overseas. GLNG are the
tankers that carries this gas. with the 1000
point swings GLNG traded between 28 and
38.
[08:58 am] rusty : es[09:00 am] rusty : AVX
radar
[09:00 am] rusty : low volume careful
[09:00 am] scalpman : OUt 1/2 ITRI S
[09:00 am] candelas : GMCR lod[09:01 am]
eyes-inthenow : out 1/2 1% ITRI
[09:01 am] apple : out 1/4 ITRI
[09:04 am] trvlntrdr : except itri[09:04 am]
candelas : gmcr get fleabag award today
[09:04 am] scalpman : OUt HES S small
profit…
[09:05 am] shawnt4 : Just tell me when
Kris:)
[09:05 am] scalpman : ITRI…behaving…
[09:05 am] candelas : Sonorant did u keep an
eye on BIIB
[09:05 am] joeytsa : even more so than AMZN
🙂
[09:06 am] candelas : maybe a tied
[09:06 am] joeytsa : BIIB has been
interesting today
[09:06 am] candelas : had on screen and did
not trade onc[09:07 am] scalpman : Moving
stop to 36.19 ITRI
[09:07 am] joeytsa : i had BIIB on my list,
ended up playing the ONXX gap instead..both
worked
[09:07 am] eyes-inthenow : QCOR
[09:08 am] candelas : onxx was a great
trade
[09:08 am] joeytsa : BIIB is the better
money mover today
[09:08 am] joeytsa : yeah i got 2 on that
one
[09:08 am] candelas : it made u blush
[09:08 am] joeytsa : yeah made up for the
loss on FSLR out of the gate
[09:08 am] Kris : it burned bright and
fast
[09:09 am] eyes-inthenow : Out 1/4 35.56
[09:09 am] pandozzi : coverd half 35.70
[09:10 am] Kris : ACOM reports after the
close today
[09:10 am] pandozzi : other half goes at
35.89 stop
[09:10 am] candelas : gmcr more and more
selling
[09:11 am] pmarvel : Any IRTI buy signal
yet?
[09:11 am] joeytsa : real glad i covered at
64 doh[09:11 am] scalpman : OUt another 1/4
ITRI S @ 35.65 (great call mitch)
[09:12 am] joeytsa : at least grapped a
couple 50cent drops after
[09:12 am] pandozzi : thyx mitch great
trades
[09:12 am] candelas : made some nice cheese
off gmcr[09:13 am] joeytsa : CHRW been weak
too
[09:13 am] Mitch : ok good scalpman, id let
ITRI drop more
[09:13 am] monster : gmcr[09:13 am] pandozzi
: changed stop to 35.68 itri[09:14 am]
pandozzi : gotta take off for a couple hours
thanks guys made 4 grand this morning.later
traders
[09:14 am] Mitch : nice pandozzi, hang on to
p0rofits today ok?
[09:15 am] Brent : good job pandozzi[09:15
am] Kris : good job pandozzi, enjoy the rest
of your day
[09:15 am] scalpman : All out ITRI @
35.59
[09:15 am] Mitch : when you have a good day
like that, you want to think in terms of
remaining trades today are all good, high
odds
[09:15 am] joeytsa : don’t forget Mitch’s
rule #16 !!!!
[09:15 am] pow : NFLX short squeeze in
process
[09:16 am] Mitch : hey pandozzi, it’s ok to
be in the 1% here, not redistribute it to the
lazy, un motivated, complaining,
unintelligent protestors
[09:16 am] eyes-inthenow : Kris Can I talk
to you latter on today
[09:16 am] jewels0 : Took GMCR long at
56.80
[09:17 am] scalpman : Time to go 7 for 9
solid….
[09:17 am] scalpman : bye JoeyTSA, Scalpman
has left the building!
[09:18 am] candelas : gmcr/soda bouncing
[09:18 am] candelas : too late for entries
though
[09:18 am] apple : out another 1/4 ITRI
[09:18 am] candelas : if ur not already
long
[09:22 am] rusty : CHENIERE TO ANNOUNCE NEW
U.S. LNG EXPORT DEAL WITHIN WEEKS
[09:22 am] rusty : LNG ALERT
[09:22 am] jewels0 : All out GMCR on the
bounce. I needed it. I’ve had a rough day of
trading today.
[09:22 am] pow : LNG moving up
[09:22 am] joeytsa : they just announced one
earlier also
[09:23 am] pandozzi : thanks and good advice
mitch. learning everyday see ya guys
[09:24 am] joeytsa : rusty: i think that was
just an update from the original deal
[09:24 am] shawnt4 : gmcr moving up
[09:24 am] joeytsa : maybe they just needed
to grease the wheel
[09:27 am] monster : crm[09:27 am] joeytsa
: CRM
[09:27 am] rusty : Tilson says CRM the one
to blow up
[09:27 am] rusty : the next one
[09:29 am] shawnt4 : Are we long CRM
[09:29 am] eyes-inthenow : Stopped Last
35.73 ITRI
[09:30 am] joeytsa : not me shawn[09:31 am]
joeytsa : doesn’t mean it won’t run
though
[09:31 am] eyes-inthenow : STX
[09:31 am] sonorant : long ITI $35.44, out
1/3 at .20, out 1/3 at .40 holding remaining
1/3
[09:32 am] sonorant : missed the BIIB short
— I sat there and watched it turn, and
didn’t have the nerve to take it because it
had been so strong.
[09:32 am] joeytsa : sonorant: profit of
.20,.40?
[09:32 am] sonorant : yes, joey, on my 10
shares, and 10 shares. 10 shares left.
[09:32 am] joeytsa : nice
[09:33 am] joeytsa : CRM should get
interesting
[09:34 am] candelas : it was flashing short
me please
[09:34 am] pmarvel : I shorted VRTX @ 42.10
is it good?
[09:34 am] sonorant : what was candles?
[09:34 am] joeytsa : looks like the sheep
just got the news on CRM
[09:34 am] rusty : CRM 11% short interest
[09:34 am] candelas : biib when it broke
trend
[09:35 am] mh : thinking of shorting SCSS
anyone follow this one
[09:35 am] candelas : i missed it, was in
soda and gmcr[09:35 am] joeytsa : keep a
tight stop pmarvel[09:35 am] sonorant : when
do you know that it is safe to short a strong
stock like that??
[09:35 am] joeytsa : trailing CRM down
[09:36 am] candelas : would not use word
safe, but more of odds in ur favor
[09:36 am] pmarvel : Mitch said VRTX S
42.10
[09:36 am] joeytsa : out half CRM
[09:36 am] sonorant : okay, when do you know
the odds are in your favor?
[09:36 am] joeytsa : stopped on last
half…will look for more
[09:37 am] shawnt4 : Kris: Are you long
SPY
[09:37 am] candelas : on 1min, u had a break
of trend, u had bearish engulfing pattern,
and doji and sellers picked up 11:45
est[09:37 am] pmarvel : Stochs start
pointing down
[09:38 am] sonorant : will look. will you
give me your hit on FFIV? very strong today.
alert set below $100.75? then perhaps
shortable?
[09:38 am] candelas : and if you use stock,
im sure they started turning over
[09:39 am] sonorant : if you do what?
[09:39 am] candelas : if you use stochastics
meant to say
[09:39 am] joeytsa : CRm up into resistance,
lets see what she does
[09:39 am] lightning : NFLX trying to fill
the gap here
[09:42 am] candelas : i pass ffiv[09:42 am]
sonorant : I pass too right now, but if it
headed down would it be good, if not why not?
a big run up
[09:43 am] candelas : i pass on the trade
all together not enough money for me
[09:43 am] joeytsa : CRM setting up
more??
[09:43 am] sonorant : I see the doji candle,
and I see increasing volume on sales son
BIIB. Thanks.
[09:44 am] eyes-inthenow : ItRI Hit stop and
kept going down
[09:45 am] sonorant : okay, thanks, I see
the $$ issue on FFIV
[09:45 am] candelas : what about break of
trend BIIB
[09:45 am] pow : VRTX turning over
[09:46 am] joeytsa : s CRM 123
[09:47 am] joeytsa : out half
[09:47 am] joeytsa : out rest slight loss
[09:47 am] joeytsa : what a waste of button
pushing
[09:48 am] candelas : Sonorant stochastics
turned over also
[09:48 am] candelas : speakin of biib[09:51
am] richard : Any guess which way SPY will
break?
[09:51 am] trvlntrdr : who thinks SINA
consolidating for a move up?
[09:52 am] trvlntrdr : or a move down?
[09:53 am] victor51 : Mitch, Do we have
green signal for vrtx short?
[09:56 am] pmarvel : My short on VRTX
stopped out Victor
[09:58 am] chinhngo : I SHORT VRTX AT
42.10
[09:58 am] chinhngo : SET BUY COVER STOP AT
42.50
[09:59 am] sonorant : candles, I got up and
went to the kitchen to get something to eat
— totally missed it!!
[10:01 am] joeytsa : ok CRM got you this
time !!!!
[10:01 am] shark : time for some TZA
anyone?
[10:02 am] shawnt4 : can somebody teach me
how to trade WYNN
[10:02 am] joeytsa : all out CRM !!!!
[10:02 am] candelas : nice trade Joey
[10:03 am] joeytsa : sorry…but that’s a
revenge trade haha[10:04 am] joeytsa :
something to watch…CRM took about 30
minutes from the big drop, then recovery to
the next drop…
[10:04 am] joeytsa : i wonder if this was
the time lag for the average person to get
news and sell out
[10:04 am] joeytsa : will try to remember on
the next big news drop
[10:05 am] apple : good point
[10:05 am] joeytsa : that 1st drop was ALL
daytrader action
[10:05 am] apple : 12 o’clock reversal or
change
[10:05 am] joeytsa : i wasn’t even looking
at the actual time of day either
[10:06 am] joeytsa : probably heard the news
while on lunch break..added more fuel
maybe
[10:06 am] derns : APKT…3 min fade
watch
[10:06 am] apple : right into your pocket
[10:07 am] pow : stx tanking
[10:08 am] joeytsa : CRM lod[10:08 am] shark
: CRM lod -sweet joeytsa[10:09 am] joeytsa
: CRM played just like NFLX,GMCR recently
[10:09 am] joeytsa : just keep selling those
pops
[10:09 am] shark : yup
[10:09 am] shark : workin’
[10:09 am] joeytsa : CMI lod also
[10:09 am] apple : makes it real easy,
non?
[10:09 am] joeytsa : why try to fight it
[10:10 am] shark : The TREND is your
friend
[10:11 am] joeytsa : just following this one
down..not going to give up any nice profit
[10:11 am] apple : it is the only friend you
need
[10:11 am] joeytsa : stop set at 121 right
now
[10:11 am] candelas : the trend is my
friend, the trend is my friend, and so on
[10:11 am] shark : Fist fight in the
Parliament today! Cool pix
[10:12 am] shark : So they must be close to
a decision…..er…killing each other off
[10:12 am] joeytsa : stopped out
[10:12 am] joeytsa : hhmmm i wonder what my
next trade will be 🙂
[10:13 am] pmarvel : Same question from the
morning. I can’t buy back my FSLR short
yesterday even at market price. Is it usually
happens in live trading? I lost nearly 1k for
that in paper trade.
[10:13 am] shark : Then it will be “might
makes right”
[10:13 am] rusty : EU MINISTERS ALL AGREE TO
DINNER MENU; *BN ITALIAN, FRENCH MINISTERS
DEADLOCKED ON WINE SELECTION
[10:13 am] victor51 : Thanks everyone on
VRTX short. It should work
[10:14 am] victor51 : thankx Brent.
[10:15 am] joeytsa : let’s see how strong
this reversal is in CRM …or not 🙂
[10:16 am] trvlntrdr : pmarvel, I frequently
see my orders missed in sim trading if it
moves fast. but I haven’t seen that in live
trading if the order makes it to IB
[10:17 am] lightning : I’m liking the FSLR
big move down
[10:17 am] lightning : would like the FSLR
move to have more volume though
[10:17 am] joeytsa : yeah light, nice
downtrend
[10:19 am] pmarvel : Trvl thnx. I am very
scare if it happens in life trading I will
lose big.
[10:21 am] trvlntrdr : I suppose it could
happen — but then you could discuss it with
the broker.
[10:22 am] pmarvel : I see
[10:22 am] trvlntrdr : It isn’t supposed to
happen if the order is at the exchange
[10:22 am] pmarvel : OK
[10:22 am] trvlntrdr : you might discuss
this with the broker before you live trade
[10:22 am] trvlntrdr : to get the ground
rules
[10:24 am] trvlntrdr : but I have seen it a
lot on NT sim[10:24 am] joeytsa : CRM
getting interesting
[10:25 am] joeytsa : for those without
candle timers, you can always use the clock
on your platform
[10:26 am] pmarvel : In sim is OK but in
real trade will be disaster Trvltrdr[10:27
am] trvlntrdr : well I don’t think it is
common but I would check with the IB folks to
make sure you understand how they would
handle it.
[10:27 am] pmarvel : Thnx alot[10:27 am]
trvlntrdr : you know the order on NT changes
color once it is accepted at IB?
[10:28 am] trvlntrdr : it changes from
yellow to green
[10:28 am] trvlntrdr : on chart trader at
least
[10:32 am] pmarvel : No I didn’t
[10:34 am] trvlntrdr : pmarvel maybe the
best thing is to trade only small amounts for
live trade until you feel better about the
system.
[10:34 am] trvlntrdr : just remember even on
ib the commissions will eat into you for lots
of small trades
[10:35 am] trvlntrdr : Kris can’t you make
SINA go up?
[10:37 am] qwert : does anyone know if there
are candle timers in esignal[10:40 am] Brent
: I don’t think so qwert, you might be able
to find one online
[10:43 am] trvlntrdr : you could help me by
making SINA go up
[10:43 am] trvlntrdr : I know it is a dog
today but at least it can do 1 trick!
[10:44 am] lightning : Qwert, I found this
one…check the link to the efs formula down
this page:
http://forum.esignal.com/showthread.php?s=&am;
p;amp;postid=36329#post36329
[10:45 am] monster : idcc[10:46 am] chinhngo
: IDCC LONG OR SHORT?
[10:47 am] trvlntrdr : chinhgo we usually
cant catch the short
[10:48 am] trvlntrdr : wait for the
rebound
[10:48 am] apple : Thx MK, K and B and
everyone for a profitable day. All have a
super evening.
[10:49 am] Brent : you too apple, see you in
the am
[10:50 am] lightning : Qwert, that timer
seems to work, it just puts it on the right
side of the chart…you need to move the data
over a bit to see the countdown timer box
[10:51 am] shawnt4 : Brent when you say spy
is at trend line resistance, does that mean
to short it
[10:53 am] trvlntrdr : shawnt4 I think Brent
and Mitch would say it is just a warning–
could reverse or breakout
[10:53 am] duckfan : wow spy market really
moving
[10:53 am] candelas : have to head out early
today, see every1 in am
[10:53 am] trvlntrdr : if it reverses watch
your longs
[10:54 am] Brent : right trvlntrdr[10:55 am]
trvlntrdr : now if I can just put knowledge
into practice….
[10:56 am] trvlntrdr : monster thanks for
IDCC
[10:58 am] rusty : Arrest count: ex-Goldman
Sachs directors, 1. Protesters: 2,511
[10:58 am] rusty : seems fair and balanced
no?
[10:58 am] lightning : protesters
winning!
[10:59 am] trvlntrdr : NFLX hod[11:00 am]
trvlntrdr : Kris are you working on getting
Sina to go up?
[11:00 am] Kris : yes
[11:01 am] Kris : the SPY is about to break
out of this range to the high side again
[11:01 am] Kris : if it can move through the
hod it should bring most stocks with her
[11:01 am] trvlntrdr : thanks I will get you
a beer if it goes over 83.20
[11:01 am] trvlntrdr : next time I’m in
SD
[11:01 am] Kris : you’ll get 83.50
[11:02 am] trvlntrdr : I’m long at 83.20 if
you couldn’t guess
[11:06 am] qwert : thanks for the timer
lightning had to step out and just got back
looks like idcc gave a nice bounce
[11:06 am] pmarvel : Please explain me SPY
stochs cross over and point down but price
is going up. Why?
[11:06 am] lightning : qwert, I did install
the timer and it works fine.
[11:06 am] Kris : momentum oscillator
[11:07 am] trvlntrdr : momentum is not the
same as price
[11:07 am] Kris : see how SPY moved up
fast
[11:07 am] Kris : then it was choppy trending
up over the past 20 minutes or so?
[11:07 am] Kris : that is a slowing of the
previous momentum so it oscillates back
down
[11:07 am] Kris : that pattern is bullish
[11:07 am] Kris : because you don’t see a
pullback in price with the indicator
[11:09 am] pmarvel : In DVDs the stochs
cross over and point down signals reversal,
right?
[11:09 am] Kris : on extreme price moves
[11:09 am] Kris : you can’t just trade the
oscillator
[11:10 am] Kris : you have to include other
factors to have a winning reversal system
[11:10 am] pmarvel : Please explain more
[11:10 am] Kris : you could have tried to
short it on the turn but when it started
going sideways, it’s a red flag caution to
get out of your reversal trade cause it’s not
acting right.
[11:10 am] Kris : pmarvel, email me
[11:10 am] Kris :
[email protected]
[11:10 am] Kris : I’ll send you some notes
[11:12 am] pmarvel : I longed TZA 3 times
according to SPY all failed
[11:12 am] derns : Kris or Brent…I’ve been
monitoring/trading APKT for a few days…it
consistently has erratic changes…can you
offer any thots on why this is happening?
[11:13 am] Kris : big selloff on the 21st,
held 30 for 3 days with lower highs
[11:14 am] joeytsa : APKT been a dog since
may
[11:14 am] Kris : false breakout today, the
market held or I think it would have been a
nice short under that 30.00
[11:14 am] Kris : see if we get another day
or 2 of consolidation and then a break to new
low might be worth a short trade.
[11:15 am] derns : Thx Kris and
Joeytsa[11:16 am] joeytsa : they also
released earning last week…might have added
to the volatility
[11:20 am] Kris : this IDCC daily chart is
extra juicy
[11:21 am] Kris : if it can lose 43.75 it
could really get some acceleration to the
down side.
[11:23 am] rusty : PRMW radar
[11:23 am] rusty : may be on CNBC
[11:24 am] rusty : worth watching to see if
it gets pumped up
[11:31 am] rusty : Italy Concedes To Full
Blown Austerity: To Raise Retirement Age From
65 To 67 By 2026
[11:32 am] trvlntrdr : Kris I will email
you– I also wanted to get those notes
[11:34 am] pmarvel : Kris regarding to IDCC
if it goes down under 43.75 it will tank
further? We should short after or before
43.75?
[11:34 am] pmarvel : Or now?
[11:35 am] khall : okay guys – i’ll see you
Friday. At client site tomorrow
[11:35 am] pmarvel : for swing trade
[11:35 am] khall : thanks for a great
trading day
[11:36 am] Kris : wait for the break
pmarvel.
[11:36 am] Kris : set an alert above the
support line to remind you
[11:37 am] Kris : this looks like a good spot
to start getting out of that SINA long
trvlntrdr[11:37 am] trvlntrdr : I did
already.
[11:37 am] Kris : good, just making sure
[11:37 am] trvlntrdr : I took it just before
vwap[11:37 am] Kris : have a good night
khall. see you tomorrow
[11:38 am] Brent : have a good one
khall[11:38 am] trvlntrdr : Khall you owe me
one for warning you about NFLX
[11:38 am] trvlntrdr : 🙂
[11:38 am] rusty : FSLR radar
[11:40 am] pmarvel : Kris Thanks. Where is
the support line, 43.75?
[11:41 am] trvlntrdr : Mitch do you have a
good way of knowing the difference between a
short term consolidation and beginning of
reversal?
[11:43 am] trvlntrdr : pmarvel– look at the
daily chart and see where resistance is on
IDCC– that is your alert–just above
43.75
[11:43 am] Brent : $43.80-$44.00 was tested
several times going back to Sept 27th on IDCC
pmarvel[11:43 am] trvlntrdr : so if it
breaks below that– could fall to 35
[11:44 am] pmarvel : Thnx Brent and
Trvltrdr[11:44 am] Brent : To me trvlntrdr,
consolidation is more often than not a
continuation pattern.
[11:44 am] trvlntrdr : I guess I get into
the consolidation when I m long and get
worried it is going to reverse
[11:44 am] trvlntrdr : so I get out early
[11:45 am] trvlntrdr : Is this an experience
thing, or do you just move up stops or is
there another way to identify?
[11:46 am] trvlntrdr : I cut myself out
early a lot
[11:47 am] Brent : so by then, when you are
getting worried, you are already in profit
right trvlntrdr?
[11:47 am] trvlntrdr : yes
[11:48 am] trvlntrdr : I cut my winners
short
[11:48 am] Brent : what I would do, is take
some profits in the consolidation, tighten my
stop, and leave a piece for the breakout
[11:48 am] Brent : make sense?
[11:49 am] joeytsa : very good advice
Brent
[11:49 am] Brent : maybe hold 1/4 of your
position to see if it breaks out
[11:49 am] trvlntrdr : Yes, but frequently
my stops get taken out and it then moves way
up!
[11:49 am] trvlntrdr : But it is better than
a loss, for sure
[11:50 am] trvlntrdr : But I definitely have
a pattern of losing more than I win.
[11:50 am] trvlntrdr : even though the
trades go my way more than 50%
[11:50 am] Brent : nothing you can do about
that except by not having as tight of a stop.
If the SPY is going with your trade, then
you can be a little looser with your stops,
but I would still book some profits if it’s
consolidating
[11:51 am] trvlntrdr : yes– I have been
doing the 50% off at 1% profit and that seems
like a great idea
[11:51 am] Brent : perfect
[11:51 am] trvlntrdr : but it’s the other
half that frustrates me.
[11:51 am] Brent : lol[11:52 am] Brent :
break the other half into 1/4’s
[11:52 am] trvlntrdr : to see it shoot up
1.50 after stopped out!!
[11:52 am] trvlntrdr : yep, still need to
work on order management
[11:53 am] trvlntrdr : that being said I
like getting stopped out when it does
reverse!!!
[11:53 am] joeytsa : trv: with over 50%
winners at least your issue isn’t trade
selection
[11:55 am] trvlntrdr : that is where I have
been struggling. The longer I hold on to
something the more likely it goes to the
target I identify
[11:55 am] trvlntrdr : But I get out
early!!!
[11:55 am] trvlntrdr : so I have been
working on patience with the longer term
charts
[11:55 am] trvlntrdr : but still gotta have
faith!
[11:56 am] trvlntrdr : I type this all
because I know it is a common problem for new
day traders
[11:56 am] joeytsa : also keep a list of
winners/losers and the amounts on both..get
your average
[11:56 am] trvlntrdr : NT does that for
me.
[11:56 am] joeytsa : cool
[11:57 am] trvlntrdr : I run about 60% but
my losers are too much perpetuating the fear
of holding too long
[11:57 am] joeytsa : seems like you know the
issue
[11:58 am] joeytsa : you can have 90%
winners, but if the 10% losers outweigh the
winners..account will drop
[11:58 am] trvlntrdr : I trained as a swing
trader for the last 2 years and got pretty
good wit targets but the gyrations of
intraday trading are frightening
[11:58 am] trvlntrdr : your right Joey
[11:59 am] michael : trv, exact same issue
for me. Trying to wait until the 5ma turns
against me and is helping with that some
[11:59 am] joeytsa : yeah, intraday things
happen lightning fast especially when you are
used to things taking a few days to move
[12:00 pm] joeytsa : biggest mistake i see
made here, and i am guilty also..is trying to
force trades
[12:00 pm] trvlntrdr : I think swing trading
is easier to tolerate because you don’t see
it constantly
[12:00 pm] joeytsa : swing trading was until
recently with the crazy market swings to
me
[12:01 pm] trvlntrdr : I agree I wouldn’t
hold overnight yet
[12:02 pm] rusty : FSLR lod[12:05 pm] derns
: That mistake, Joeytsa, was authored by
me…I make it all the time, among many
others..trying to maintain patience and
discipline
[12:05 pm] joeytsa : you must have
plagiarized my book then 🙂
[12:06 pm] joeytsa : even today, i tried to
force a trade in CRM…didn’t work for the
most part
[12:06 pm] derns : oops…
[12:07 pm] pmarvel : I did swings until last
weeks but market suddenly change every day. I
lost big.
[12:07 pm] rusty :
http://www.thestreet.com/mad-money/index.html
Loyal Cramericans[12:08 pm] rusty : input
NFLX and look at Cramer recommendations
[12:08 pm] joeytsa : i took a few swing
losses in the spring and realized something
was changing
[12:08 pm] pmarvel : Market was down when I
entered shorts but gap up the next
morning.
[12:09 pm] joeytsa : been there b4
[12:09 pm] pmarvel : So I’m very scared to
touch swings again
[12:10 pm] joeytsa : Mitch teaches to scale
into trades
[12:10 pm] joeytsa : try to get as many
factors on your side..when your entry signal
hits..dip your toe in
[12:11 pm] Brent : fear sometimes can be a
sign your position is too big.
[12:11 pm] joeytsa : agreed Brent…and a
stop loss should end any fear
[12:12 pm] trvlntrdr : Brent is absolutely
right
[12:12 pm] joeytsa : position size,stop loss
all important
[12:12 pm] trvlntrdr : but it is a scary
time to be in swings
[12:12 pm] pmarvel : My reference is DSR. I
started small according to DSR but 3-4
positions hit me hard.
[12:13 pm] trvlntrdr : i think if we see a
spy pullback to about 117 then reversal
people will feel better
[12:13 pm] rusty : swings can be very
profitable…. might want to re-assess when
VIX comes down a bit
[12:13 pm] rusty : and try to avoid earnings
if possible
[12:14 pm] joeytsa : on swings…whatever
your trade timeframe…also take a look at
the next longer time frame trend
[12:14 pm] rusty : MHS alert
[12:15 pm] rusty : MHS couldn’t find a
bottom yesterday
[12:15 pm] rusty : now everyone wants it
[12:15 pm] rusty : please shoot me
[12:17 pm] trvlntrdr : actually maybe SPY
pullback to 118.5– 38% retracement from high
of the market 4 yrs ago
[12:18 pm] trvlntrdr : my mistake– from
this summer
[12:21 pm] joeytsa : V nice up move
[12:23 pm] Brent : not today, but V might be
a good one to watch for a break over $95
[12:23 pm] joeytsa : i meant from the $91
area
[12:23 pm] joeytsa : has a lot of res at $95
like you said
[12:25 pm] joeytsa : AMZN lod[12:26 pm]
rusty :
http://online.wsj.com/article/SB1000142405297
0204777904576653022926782608.html?mod=markets
_newsreel NFLX out earlier
[12:26 pm] eyes-inthenow : VLO
[12:27 pm] joeytsa : NFLX has a little
support around 79
[12:27 pm] eyes-inthenow : Brent you think
VLO would be a good 3 min fade
[12:29 pm] Brent : I’d like to see it move
higher but yes eyes
[12:31 pm] eyes-inthenow : S 25.32
[12:33 pm] eyes-inthenow : Stopped 1%
[12:33 pm] trvlntrdr : market moving against
you
[12:33 pm] eyes-inthenow : Goodnight
Everyone
[12:33 pm] sonorant : market running
again
[12:35 pm] sonorant : Kris, I would also
like whatever you are emailing to pmarvel. I
will email you.
[12:45 pm] shark : GMCR vol spike -moving
up
[12:52 pm] michael : QSII big drop
[12:57 pm] shark : nice one MICHAEL!
[12:58 pm] michael : thanks Shark. Like
usual, bailed after getting .50 and left
about another .50 on the table
[01:01 pm] shark : Thanks Brent! I lost
track of time. That statement could not have
come at a better time. 🙂
[01:01 pm] pmarvel : Thanks MK, B, K and
all. Good night.
[01:01 pm] sonorant : good night
everyone!
[01:02 pm] shark : Thx Michael. Some pocket
change for the weekend QSII
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