[06:15 am] Brent : good morning
[06:19 am] Kris : good morning traders
[06:31 am] Kris : DECK long half
[06:31 am] Kris : KBR short half
[06:32 am] Kris : out half DECK long
[06:32 am] Mitch : watching VRTX for bottom
to buy
[06:33 am] Kris : kbr[06:33 am] Kris : out
half KBR short
[06:33 am] Mitch : NWL shortable, try
15.45
[06:33 am] Mitch : watching for bottom in
CVC
[06:34 am] Kris : MGA short half
[06:34 am] Mitch : monitoring ARBA for short,
not in hurry
[06:35 am] Brent : watching VRTX for a
bounce
[06:35 am] Kris : AON falling, missed the
short
[06:35 am] Kris : CLF short half
[06:35 am] Kris : watching for a long
reversal
[06:35 am] Mitch : watching AON for long
[06:36 am] Mitch : LNG shortable[06:38 am]
Kris : NIHD short
[06:38 am] Mitch : watching for shorts in
SWN, QLIK on top
[06:39 am] Kris : out another 1/4 KBR
short
[06:41 am] Kris : out half NIHD short
[06:41 am] Kris : remind me later and I’ll
answer you shawn. not a time for questions
right now.
[06:43 am] Kris : out all KBR short
[06:43 am] Mitch : consider covering QLIK
[06:43 am] Mitch : CVC got a boost from CNBC
positive mention by Cramer and David Faber
[06:44 am] Kris : out another 1/4 NIHD
short
[06:45 am] Kris : out all NIHD short
[06:45 am] Kris : will wait to short a bounce
in CERN
[06:45 am] Mitch : HGSI shortable[06:46 am]
Kris : I would prefer one more bounce with a
lower high or some consolidation before the
break below 90.
[06:46 am] Kris : PRGO short under 90.00
[06:46 am] Mitch : consider covering half of
QLIK
[06:46 am] Mitch : consider covering LNG
short
[06:47 am] Kris : CERN setting up for a
possible quickie long
[06:48 am] Kris : it’s dropped enough from
the open
[06:48 am] Kris : SPY coming into lod
support
[06:49 am] Kris : looking for a new lod in
MGA
[06:50 am] Mitch : watching GMCR for short
[06:50 am] Mitch : watching GMCR for short
NFLX shortable but be extra careful;
[06:51 am] Mitch : consider covering more
QLIK short
[06:51 am] Mitch : last comment was NFLX
short idea, not long term short, just quick
short scalp, news on NFLX could spike it up
big
[06:52 am] Mitch : NFLX stopped, forget that
one
[06:55 am] Kris : look for V to pullback or
consolidate and then take long on a new
hod.
[06:58 am] Kris : CERN long half
[06:58 am] Mitch : watching SODA for short
[06:59 am] Kris : increasing volume and
accelerating price
[06:59 am] Kris : watching VAR for a short
[06:59 am] Mitch : let these stop moving up
and turn down a little before considering
short
[06:59 am] Mitch : watching for tops in VAR,
GMCR as possible shorts
[07:02 am] Kris : out all MGA short
[07:02 am] Mitch : starting to watch LVS for
top, take your time
[07:03 am] Mitch : watching WYNN for top as
well as LVS, WYNN turning over now
[07:04 am] Mitch : SODA not coming down
easily, consider closing short
[07:09 am] Mitch : now SODA coming down,
lol[07:11 am] Mitch : looking for 2nd helping
short on WYNN
[07:12 am] Mitch : new high on WYNN is reason
to wait before 2nd helping short on WYNN
[07:13 am] Brent : SPY at trendline
resistance
[07:15 am] Mitch : LVS toppy
[07:17 am] Kris : SPY acting weak today so
far, start looking for short setups
[07:20 am] Kris : I’ll take TZA long over
28.52
[07:20 am] Mitch : lot of stocks spiking
[07:20 am] Mitch : watching for short in
FLS
[07:21 am] Mitch : monitoring for 2nd short
helping in QLIK
[07:25 am] Kris : V finally starting to
move
[07:26 am] Mitch : projector not working
again now
[07:28 am] Mitch : WLT turning over
[07:37 am] Brent : SPY at hod[07:39 am] Mitch
: most stocks trending up
[07:47 am] Brent : AVGO alert
[07:47 am] Mitch : AVGO should be a good
one}
[07:47 am] Mitch : on the long side
[07:55 am] Mitch : weak bounce
[07:56 am] Mitch : AVGO should be stopped
[08:08 am] Mitch : do you see why you should
keep watching the ones you stopped on ?
emotionally people quit and get upset when
they lose but now look at the 3% off the
latest bottom.
[08:41 am] Mitch : if anyone went long AVGO
or held it through that drop, consider
selling here
[08:57 am] Kris : Everyone have a great
weekend and I’ll see you all Monday
morning.
[08:57 am] Kris : ok guys. I’m taking off
for the weekend early. Spending it with my
son.
[09:13 am] Mitch : CERN trending, like many
stocks today after that drop. The pop after
drop became an uptrending[09:27 am] Brent :
SPY approaching lod[10:17 am] Brent : good
one lovlu[10:17 am] Brent : watching VR for a
bounce
[11:23 am] Brent : SPY in a tight range
today
[12:05 pm] Brent : SPY approaching hod
again
[01:00 pm] Brent : Have a great weekend
everyone, see you on Monday
|
[06:13 am] joeytsa : Gap down:
CSTR,GTU,WHR,QLIK,INFY
[06:14 am] joeytsa : Gap
Up:SOHU,SINA,BIDU,LVS,DECK[06:17 am] derns :
Joeytsa…can you briefly describe your
strategy in how you may play the gap
ups/downs?
[06:20 am] joeytsa : usually i think
fade…which kind of lines up with Kris’
Egap[06:21 am] joeytsa : but it’s not a true
Egap per the rules
[06:22 am] joeytsa : actually Kris’ rules
have actually made me look at gaps
differently..in a good way
[06:22 am] joeytsa : my 1st reaction is
gap=overreaction
[06:22 am] joeytsa : but now tying it in
with indicators and previous days actions
[06:23 am] joeytsa : and i avoid playing
gaps on buyouts etc[06:28 am] joeytsa : BIDU
already tumbling
[06:31 am] joeytsa : BIDU was quick
[06:31 am] joeytsa : CTXS falling big
[06:32 am] joeytsa : missed that short on
DECK
[06:34 am] joeytsa : tighten stop on CSTR if
in
[06:34 am] joeytsa : will be looking for
more weakness in WHR before a short
[06:36 am] joeytsa : CSTR may set up a short
as well
[06:37 am] joeytsa : VRSN running nice
[06:37 am] joeytsa : might get toppy
[06:37 am] joeytsa : QLIK closed gp…missed
that, again might be getting toppy
[06:40 am] joeytsa : VRSN setting up a 3mf
possibly
[06:41 am] shawnt4 : why did we short CLF
When they had a great quarter
[06:42 am] joeytsa : missed both sides of
that CLF…great call Kris
[06:43 am] mhaus : watching BWA
[06:43 am] derns : NFLX…may be a possible
3-min face
[06:43 am] derns : fade…
[06:43 am] skydiver : Take over chatter
HGSI
[06:44 am] joeytsa : BIDU lod and falling
[06:45 am] joeytsa : left a bunch of money
on that one
[06:46 am] doji : CSTR S
[06:46 am] skydiver : SNDK – take over
chatter
[06:47 am] doji : LVS toppy
[06:47 am] doji : all out CSTR S
[06:48 am] trvlntrdr : IDCC hitting
(falling) on to support
[06:49 am] joeytsa : AEM hod, pulled back
to support and ran to higher high
[06:50 am] derns : NFLX turning..no shares
available at Schwab to short
[06:51 am] joeytsa : ATHN diving
[06:52 am] doji : GMCR
[06:52 am] joeytsa : CSTR might be a slow
bleeder today..if you have patience 🙂
[06:52 am] eyes-inthenow : S SWN 42.77
[06:52 am] eyes-inthenow : S VRSN
[06:52 am] derns : NFLX is strong
[06:53 am] eyes-inthenow : 34.55 out Half
1%
[06:53 am] joeytsa : yeah derns..following
that 5ma up
[06:54 am] eyes-inthenow : Any thoughts on
SWN
[06:54 am] joeytsa : LNKD running
[06:54 am] eyes-inthenow : out 1/4 33.86
VRSN
[06:56 am] shark : LNKD alert!!!
[06:56 am] shark : LNKD alert!!!
[06:57 am] trvlntrdr : vrtx turning up
[06:58 am] trvlntrdr : GMCR just won’t
stop!
[06:58 am] joeytsa : CLF double top around
72.45
[06:58 am] shark : shorts have gone on long
on GMCR trvlntrdr[06:58 am] doji : GMCR
spiking
[06:59 am] joeytsa : CHTR dropping hard
[06:59 am] joeytsa : low volume on CHTR
though
[06:59 am] trvlntrdr : yep maybe gmcr luck
has finally returned
[06:59 am] shark : possibly back to 200day
ma as a target GMCR
[06:59 am] eyes-inthenow : Kris Any thoughts
on SWN I am S 42.76
[06:59 am] doji : Any news?
[07:01 am] joeytsa : eyes where is your
stop?
[07:01 am] shark : NFLX strong up
[07:02 am] joeytsa : NEM trying to close get
to the prv cl
[07:03 am] sonorant : LVS running up
[07:03 am] mhaus : VAR toppy
[07:03 am] doji : SODA
[07:03 am] eyes-inthenow : out last 1/4 VRSN
36.33 +94
[07:04 am] joeytsa : CTXS looked to have
some res just over 75…double top at the
moment
[07:04 am] doji : LVS S
[07:04 am] joeytsa : eye on CLF
[07:05 am] doji : WYNN dropped LVS should
follow?
[07:06 am] joeytsa : only diff i see doji is
that WYNN broke thru prv cl support, LVS
didn’t
[07:06 am] doji : yeap Joey
[07:07 am] doji : I saw that also
[07:07 am] doji : have a tight stop above
49
[07:07 am] apple : joey, what is your other
eye on?
[07:07 am] doji : SODA, GMCR very strong
[07:08 am] truck : VAR & lt really nice
!
[07:08 am] joeytsa : WHR slow bleed
[07:09 am] shark : I like that one joeytsa:
WHR
[07:09 am] joeytsa : bad news on earnings
[07:10 am] doji : too late to see SODA
[07:10 am] joeytsa : starting to lose
patience with CLF short
[07:10 am] joeytsa : lowering stop..hope to
get out haha[07:11 am] doji : LVS and WYNN
new HOD
[07:11 am] joeytsa : finally stopped on
CLF…30cents woohoo[07:12 am] joeytsa :
NEM broke thru
[07:12 am] joeytsa : prv close i mean
[07:12 am] scalpman : SODA S @ 31.76 out
1/2
[07:13 am] doji : NFLX also turning up
[07:14 am] joeytsa : wait for GMCR weakness
to short, been pretty strong holding the
ma’s
[07:14 am] eyes-inthenow : Brent any
thoughts on SWN I S 3 min fade 42.76 stop
43.47
[07:14 am] doji : added to LVS S
[07:15 am] joeytsa : the 3mf on VRSN worked
great…too bad i was watching something else
doh[07:15 am] scalpman : Trailing down
stop on SODA
[07:15 am] richard : CVC bottoming
[07:16 am] joeytsa : FLS might set up a
short
[07:16 am] joeytsa : not the biggest volume
stock
[07:16 am] doji : stop in LVS at be
[07:16 am] eyes-inthenow : Stopped out
SWN
[07:17 am] scalpman : LVS 2 (half) @
48.99
[07:17 am] joeytsa : nice $1-1.50 profit on
VRSN if you took it
[07:17 am] scalpman : Out EVEN LVS
[07:18 am] joeytsa : I’m out until the
closing hour…keep the great trades coming
!!!!
[07:19 am] mhaus : VPRT
[07:19 am] derns : Short LVS…
[07:19 am] joeytsa : might look for some
profit taking plays that last hour 🙂
[07:20 am] joeytsa : VIX is under 26
[07:20 am] scalpman : All out SODA
[07:21 am] doji : all out LVS at be
[07:23 am] eyes-inthenow : S LVS 48.77
Stopped out 49.34
[07:23 am] lightning : stopped LVS.
Struggling today so far, but more trades to
do
[07:25 am] zentrader : kaboom on FLS –
thanks
[07:30 am] doji : was watching QLIK!
[07:31 am] truck : SWN,,,,making new
hod[07:31 am] doji : LVS turning over
again
[07:31 am] doji : CSTR moving up
[07:32 am] trvlntrdr : vrtx up against
resistance, might breakthrough
[07:33 am] doji : QLIK is a runner
[07:36 am] skydiver : HOG – take over
chatter
[07:37 am] doji : SPY nod
[07:37 am] truck : CMI,,,,,hod[07:38 am]
shark : NFLX looks ready to break up some
more
[07:38 am] shark : testing hod[07:39 am]
doji : FSLR nod
[07:39 am] doji : SLB nod
[07:39 am] doji : FLS nod
[07:42 am] richard : I’m attending the live
Worden Brothers Seminar here in Denver
today…have a great week-end and thanks all
!
[07:43 am] lightning : watching ACOM
jump…needs more volume
[07:44 am] monster : avgo[07:44 am] shawnt4
: WYNN is on a role
[07:51 am] doji : just watching AVGO
[07:52 am] doji : LVS
[07:53 am] derns : yes..LVS finally
dropped!
[07:53 am] doji : YEap Derns, did you short
it again?
[07:54 am] derns : yes I did…49.32
[07:55 am] derns : I just adjusted my stop
to 48.80
[07:55 am] candelas : berry berry weak
bounce
[07:57 am] derns : stopped on AVGO for a
loss and LVS for a gain
[07:58 am] doji : Yeap, I also got 45c in
LVS second short
[07:58 am] mhaus : watching JLL
[07:58 am] doji : I have my eyes on QLIK
[07:58 am] dano : yea derns, avgo got me
too…min loss. got cern early though…good
stuff
[07:59 am] derns : AVGO did look like a good
set up…anyone watching APKT?
[08:00 am] derns : APKT is on a study upward
move
[08:00 am] apple : yes i am
[08:00 am] derns : I’m expecting it to turn
soon enough…Apple..what do you
think..fade?
[08:00 am] doji : I am Derns, APKT
[08:01 am] doji : Remember the 3min fades
yesterday…
[08:01 am] apple : moving down, let’s see
[08:02 am] doji : AVGO breaking down
[08:02 am] doji : APKT has resistance around
36.1 from yesterday Apple
[08:02 am] doji : support sorry
[08:03 am] doji : so at best it could give
1% for the current top
[08:10 am] jsn13 : So Mitch for AVGO, at
which price and what time would u go long?
What confirms u?
[08:10 am] scalpman : MCP L @ 41.20
[08:10 am] lightning : there’s the right
question jsn. I’m very interested in the
answer
[08:10 am] scalpman : MCP new hod[08:12 am]
apple : DECK still going strong
[08:13 am] scalpman : out 2/5 MCP L
[08:13 am] jsn13 : WOuld u wait till that
bar closes? and what limit price would u
put?
[08:14 am] eyes-inthenow : X setting up nice
for 3 m
[08:14 am] Kris : AVGO was a tough trade on
3MF
[08:15 am] Kris : that’s why I like to start
with half and see if it could hold a double
bottom or make a higher low on the pullback
before adding.
[08:15 am] scalpman : AVGO K @ 32.00
[08:15 am] shark : GREAT, GREAT point
Kris!!!
[08:15 am] Kris : also, adding a trendline
has never hurt me when trying to trade it a
second or the rare 3rd try
[08:15 am] scalpman : All out MCP L
[08:16 am] scalpman : OUt 1/2 AVGO L
[08:17 am] jewels0 : What a day! My first
red one in a while. I can’t seem to get on
the right side of a trade today.
[08:17 am] jsn13 : So Kris, for AVGO would
u open ur position juz below 32 once it
breaks the trendline resistance?
[08:18 am] eyes-inthenow : what you think
about X 3m
[08:19 am] scalpman : AVGO breaking VWAP
[08:20 am] pow : watch ALGN for short
[08:21 am] scalpman : Target AVGO @ .64
[08:22 am] scalpman : OUt another 1/4 on
AVGO L
[08:22 am] scalpman : One 1/4
remaining…
[08:22 am] lightning : nice scalpman!
[08:23 am] Kris : sorry jsn13
[08:23 am] Kris : on my strategy trading the
AVGO reversal
[08:23 am] jewels0 : GMCR really put the
hurts to me earlier
[08:23 am] doji : AVGO S
[08:23 am] Kris : I entered half on the open
of the 10:54 3min candle
[08:23 am] scalpman : Stopped @ .61 on all
out AVGO
[08:23 am] Kris : stopped out on the new
lod[08:24 am] pow : tza[08:24 am] Kris : I
backed off and waited for a break of
trendline to put in a more solid base
[08:24 am] Kris : you can also switch to the
5min if you’re getting a choppy bottom
[08:24 am] anthonyb : X ramping up
[08:24 am] Kris : on your second attempt
[08:25 am] candelas : keep eye on DTV to see
if vol picks up
[08:25 am] scalpman : Wow….Mitch is
right…no emotion…on the matter…keep
watching for the opportunity…turned a flat
day green!
[08:25 am] Kris : then once it breaks the
previous candle high, add your second
half.
[08:25 am] dmitry : X is working
[08:27 am] eyes-inthenow : are you long X
[08:27 am] anthonyb : volume spike in X
[08:27 am] scalpman : Will short AVGO @
.63
[08:29 am] scalpman : nope …avgo pass
[08:30 am] eyes-inthenow : S X 27.00
[08:32 am] dmitry : I am long X @25.15
[08:32 am] pow : ALGN breaking down
[08:34 am] jsn13 : That means ur average
price is still high right? then the stop loss
would be wide right? So would u stop urself
out or let it stop out when it is not acting
well?
[08:34 am] scalpman : AVGO S @ 32.60
[08:35 am] skydiver : Nice scalpman on
AGVO
[08:36 am] doji : in AVGO S 32.69
[08:36 am] eyes-inthenow : Full position
Short X 26.96 were would be a good Stop I
have it at 27.28
[08:37 am] dmitry : x good short now
[08:38 am] scalpman : AVGO hooking down on
the 2 min
[08:38 am] derns : This market still baffles
me…financial advisors say buy on every dip
thru y/e, but the values scare me…we’ve had
a big run
[08:39 am] doji : QLIK S 30.18…. been
waiting the whole morning
[08:39 am] derns : LVS dropping with
volume
[08:40 am] eyes-inthenow : out Half X
26.74
[08:41 am] michael : I’ll offer an opinion
from a nobody. These markets have been rough
for months, but eventually will fix
themselves. During that time we should have
two goals, the first being to not lose a lot
of money, the second being to make a little
here and there.
[08:41 am] skydiver : Nice eyes
[08:41 am] apple : hear, hear, michael!
[08:42 am] eyes-inthenow : Still in the red
but working on it
[08:42 am] derns : Good point
Michael…thx
[08:42 am] dano : stopped cern…in
61.92…out 63.68
[08:43 am] apple : nice dano[08:43 am] pow
: nice short on CERN
[08:44 am] dano : it’s a win..albeit small
(position)
[08:45 am] jewels0 : dano, good job. All the
wins count in this market.
[08:46 am] dano : it was moving nicely since
its early rev…not sure why it suddenly
tanked
[08:46 am] scalpman : Out 1/5 AVGO S
[08:46 am] mhaus : FLS
[08:47 am] skydiver : missed SODA short –
been on a phone call —
[08:47 am] dano : any type of mrkt news out
there??
[08:48 am] scalpman : Out another 1/5…AVGO
reluctant
[08:49 am] eyes-inthenow : PCP
[08:51 am] michael : NANO spike almost 4% in
less than 10 minutes
[08:51 am] scalpman : OUt another 1/4
AVGO
[08:52 am] scalpman : stop @ .48 AVGO
[08:52 am] trvlntrdr : aon about to make a
breakout, IMHO
[08:52 am] scalpman : I’m nibbling
away…AVGO
[08:52 am] scalpman : Will hold last
3/10.
[08:52 am] lightning : me too scalp,
nibbling away at AVGO.
[08:53 am] scalpman : Trailing down stop
aVGO[08:53 am] jewels0 : I’m shorting AVGO
with you guys.
[08:54 am] lightning : out 1/2 X short
[08:56 am] lightning : out another 1/3 AVGO
short. Still holding 1/3.
[08:56 am] scalpman : AvGO a good candidate
for 2 or 3 minute chart
[08:56 am] jewels0 : Stoch’s turning down on
5 min AVGO
[08:59 am] doji : AVGO doing its job
[08:59 am] trvlntrdr : thanks for warning us
to get out of AVGO, Mitch
[09:00 am] trvlntrdr : I thought it was just
on a pull back
[09:00 am] scalpman : AVGO target 32.02
[09:01 am] skydiver : Okay – see you all —
have a funeral to attend this morning. Have
a great week-end and see you all Monday
[09:01 am] scalpman : Out another 1/10 AVGO
S
[09:02 am] mhaus : DLX
[09:02 am] eyes-inthenow : out 1/4 X .76
[09:02 am] scalpman : Out 1/10 AVGO *ha
[09:03 am] scalpman : 32.02 alright!
[09:03 am] apple : good one scalp
[09:03 am] doji : All out AVGO 32.04
[09:03 am] scalpman : ALL OUT Avgo….what a
run! very excited
[09:04 am] jewels0 : I’m still holding all
AVGO… will see what happens here
[09:04 am] scalpman : Great way to finish
today…9 for 14…with good managed
losses.
[09:04 am] doji : FSLR
[09:05 am] scalpman : Time to go now…a
solid week. Thanks for all the help from
Mitch, Kris and Brent and Trade room
friends…
[09:06 am] Brent : have a good weekend
scalpman[09:06 am] scalpman : Today AVGO was
a winner on the Long and short.
[09:08 am] khall : I’m out for the day as
well – see everyone Monday morning!
[09:09 am] jewels0 : C’mon AVGO… looking
for new lows here
[09:11 am] eyes-inthenow : Stopped Break
even last 1/4 X
[09:11 am] Brent : good job eyes
[09:12 am] shailan : CERN moving
[09:12 am] lightning : covered last 1/3 AVGO
short here
[09:12 am] lightning : (just in time)
[09:13 am] eyes-inthenow : Did anyone get
that PCP
[09:14 am] jewels0 : Sheesh, made a whole $4
on AVGO
[09:14 am] doji : Hey guys, are you seeing
incurrent % gain/loss in your platform?
[09:15 am] doji : From the yesterday
close
[09:15 am] doji : I use TOS
[09:15 am] doji : and the helpdesk says it’s
ARCA issue
[09:15 am] eyes-inthenow : Run from TOS
[09:15 am] jewels0 : I thought AVGO was
consolidating for more downside
[09:16 am] doji : QLIK in a mission
[09:20 am] michael : NANO is good for some
good percent moves each way today
[09:20 am] apple : B- what do you think of
VPRT as a swing? thx
[09:20 am] pow : double top stmp turning
over
[09:21 am] apple : pow – it had a nice run
today
[09:21 am] candelas : hey Jewels, whenever
ur down overall, don’t focus on it and don’t
try to make it up on 1trade and don’t force
it. Just relax refocus and take the next
opportunity focusing only on trade in front
of you
[09:22 am] jewels0 : Thanks candelas
[09:22 am] Brent : VPRT is a little late in
my opinion apple
[09:23 am] apple : i thought so… just
checking, thx
[09:23 am] eyes-inthenow : How about X brent
second helping
[09:23 am] candelas : I know easier said
than done, but you can. I was down $5800 on
monday, took break refocused and was up
nicely end of the day.
[09:24 am] jewels0 : Whew… I need that
encouragement
[09:24 am] candelas : so it’s all about
focusing and not thinking about ur losers
[09:25 am] jewels0 : That’s why I take short
brief walks.
[09:25 am] eyes-inthenow : Amen Candelas I
am reading The zone for the second time
[09:25 am] trvlntrdr : thanks for the
encouragement and thoughts candelas
[09:25 am] candelas : good deal
[09:25 am] candelas : i think I have read it
4 times Eyes, learn something new every
time
[09:26 am] apple : i just got it, will read
this weekend
[09:27 am] candelas : u will enjoy it apple
guaranteed, it will open ur eyes
[09:27 am] jewels0 : I have The Zone but
haven’t read it yet. So, it’s a good one?
[09:27 am] eyes-inthenow : S X 26.95 Half
[09:28 am] candelas : by far jewels
[09:28 am] candelas : a must read
[09:28 am] lightning : Jewels, it’s a very
good one, it’s about your mental approach and
not about techniques. Very good.
[09:28 am] jewels0 : Okay. I’ll get on it.
Thanks.
[09:33 am] doji : Candelas is The Zone book
the same as the Trading in the Zone by Mark
Douglas?
[09:34 am] candelas : there is more than 1,
but u want by mark douglas[09:36 am]
eyes-inthenow : Well Time to Watch Brent’s 3
Min fade video again
[09:37 am] candelas : anyone get the DTV
trade
[09:37 am] apple : does anybody have any
other recommendations for books – besides
John Murphy?
[09:38 am] eyes-inthenow : Turners books are
really good
[09:38 am] Brent : you have it down eyes.
You already knew that the second short on X
wasn’t a 3mf right?
[09:38 am] eyes-inthenow : yes
[09:38 am] lightning : apple, I just began
reading Japanese Candlestick Charting
Techniques by Steve Nison. Very interesting
so far.
[09:38 am] lightning : That book was on
Brent’s list of books he liked
[09:38 am] candelas : its great learning
Light
[09:39 am] Brent : my top four
[09:39 am] Brent : The John Murphy one, Stive
Nison, Trading in the Zone, and the one about
Jesse Livermore
[09:40 am] candelas : “trading from the gut”
by Curtis Faith
[09:40 am] Brent : Technical Analysis of the
Financial Markets
[09:40 am] trvlntrdr : is nt that the
classic– from the 50s
[09:41 am] Brent : there’s a newer edition
[09:41 am] Brent :
http://www.amazon.com/Technical-Analysis-Fina
ncial-Markets-Comprehensive/dp/0735200661/ref
=sr_1_3?ie=UTF8&qid=1319820091&am
p;sr=8-3
[09:41 am] trvlntrdr : I haven’t decided if
I want that one or the Technical analysis in
multiple time frames
[09:41 am] trvlntrdr : I was going to buy
one of them
[09:42 am] eyes-inthenow : Brent the only
thing is Get full position after close of 1
min or 3 min that
[09:42 am] eyes-inthenow : second candle
[09:44 am] Brent : 2nd half when the second 3
min candle breaks the high (if you are long)
of the first 3min candle
[09:44 am] Brent : I don’t switch to 1min,
until my position is full
[09:44 am] eyes-inthenow : got it that is
where I was Confused
[09:44 am] eyes-inthenow : I was switching
to early
[09:46 am] eyes-inthenow : I am Still Down
For the Day But what A difference trading
with a actual setup makes
[09:48 am] Brent : that’s good eyes. Just
trade consistent, the money will come, and
review your trades at night, winners and
losers. Make sure the set up, your entry and
exit was correct
[09:49 am] eyes-inthenow : Will Do
[09:49 am] eyes-inthenow : The one that Got
me Was SWN
[09:52 am] Brent : 3 min fade rules require a
min of 4 candles in a row. SWN had 3
[09:52 am] Brent : lol[09:52 am]
eyes-inthenow : Brent Does the 3% apply for
every move or just the first one I S SWN9.43
got stopped out and S 10.21 Stopped out
[09:52 am] Brent : lots of rules
[09:53 am] Brent : SWN? 9.43?
[09:53 am] eyes-inthenow : Ok seminar was
min 3 kris i will change
[09:54 am] Brent : use the one from the
webinar
[09:54 am] sonorant : mhaus, how are you
doing today? yesterday everything worked for
me. Today I am down. I think I am going to
have to go to variable number of shares. I
think my winners this morning were mostly the
lower priced stocks, and my losers, stops
were the higher priced ones.
[09:55 am] sonorant : so I am in the red
$28. yesterday I was up $19
[09:55 am] Brent : I think a dollar amount
works better then a number of shares
sonorant
[09:55 am] Brent : for that very reason
[09:56 am] sonorant : I’ll have to look at
the ATM strategies
[09:56 am] doji : Dollar amount works for me
also…
[09:56 am] eyes-inthenow : Brent on Ninja
are you S on the Ask
[09:56 am] Brent : yes
[09:56 am] Brent : I sell on the Ask, and Buy
on the Bid
[09:56 am] sonorant : Brent, the ATM
strategies ask for an “order quantity” how
do you make it $$?
[09:57 am] eyes-inthenow : I tried that a
few times and didn’t get filled
[09:57 am] Brent : you can’t sonorant. but
you can make multiple ATM strategies, each
with a different number of shares
[09:58 am] sonorant : I did that, and I was
losing fills while I scrolled down and chose
my strategy. Maybe I will be quicker now
[09:58 am] Brent : yeah, sometimes you need
to move that limit order around on the dom to
get filled eyes. But it helps keep you from
getting a bad price on the bigger spreads
[09:59 am] Brent : yeah, I just do it
manually sonorant. Don’t use ATM’s
[09:59 am] sonorant : what do you mean, you
just do it manually? are you setting your
stops and targets after the fact?
[09:59 am] Brent : yes
[09:59 am] doji : SPY moving
[09:59 am] mhaus : watching ADS
[10:01 am] eyes-inthenow : my bad Kris’s Was
4 Candles
[10:01 am] eyes-inthenow : that would have
saved me 300
[10:02 am] Brent : yeah, everyone of these
rules helped us get the strategy to over
80%
[10:02 am] eyes-inthenow : I am Imprinting
them into my Skull
[10:04 am] jewels0 : Brent, what strategies
are you talking about?
[10:04 am] jewels0 : … and rules?
[10:04 am] eyes-inthenow : Just maid 100
Oncl up 30 for the day Cool
[10:05 am] jewels0 : I’m lost when you guys
talk about 3 min fades too
[10:05 am] eyes-inthenow : Three Profitable
trades on Cl 10ticks each
[10:06 am] eyes-inthenow : I love the Cl I
am Good at that
[10:07 am] eyes-inthenow : I just need to
learn to go after more than 10 ticks
[10:08 am] eyes-inthenow : I wait all day
for good se3tups and only take ten ticks it’s
a work in progress
[10:11 am] apple : sounds good. I have not
traded CL yet, trying to master one thing
here first.
[10:11 am] candelas : Deck hod[10:13 am]
doji : What principles do you use to trade
CL Eyes?
[10:14 am] eyes-inthenow : When it test high
of day 99% of the time it gives a good 30tick
drop
[10:14 am] eyes-inthenow : i get out at 10
thou
[10:15 am] doji : Let’s see, high of the day
is 93.9 so as per your strategy, it should
rebound from there, 99% of the time right?
[10:16 am] eyes-inthenow : See how it didn’t
make new high right when it turns i am s
[10:16 am] eyes-inthenow : you have to be
fast
[10:16 am] lovlu : vr alert
[10:16 am] sonorant : CL is the oil
futures?
[10:17 am] apple : yes
[10:17 am] apple : nice one lovlu[10:19 am]
eyes-inthenow : L VR 1/2 27.53
[10:20 am] sonorant : L VR 27.50
[10:21 am] doji : VR still dropping
[10:21 am] eyes-inthenow : stop 27.19
[10:22 am] sonorant : you might be right
doji[10:23 am] jewels0 : Well, I’ve lost too
much today. And I’ll sit and watch you guys
now.
[10:25 am] apple : jewels, sometimes you
just have to stop and call it a day. Go
enjoy the weekend early.
[10:25 am] jewels0 : That’s my intention.
My family is in visiting my parents for the
weekend so I’m going to enjoy my time.
[10:26 am] doji : VR still hesitating while
the SPY is moving up…
[10:27 am] sonorant : should I throw in the
towel on VR? it isn’t acting quite right
[10:27 am] jewels0 : I’ll stick around here
and watch you all for a bit.
[10:27 am] eyes-inthenow : Any thoughts
Brent on VR
[10:28 am] Brent : not a strong bounce that’s
for sure
[10:32 am] doji : SPY reversing, watch out
VR
[10:33 am] jewels0 : VR looks like it’s just
grabbing people’s stops at the moment
[10:34 am] sonorant : small loss on VR —
had a tiny amount of profit to offset loss
[10:36 am] apple : Thx B and Mk and everyone
for a wonderful day. Everybody have a fun
and safe Halloween weekend. Boo
[10:36 am] sonorant : man, look at a full
screen view of VR — look at all the chop
down where we just tried to trade!
[10:38 am] mhaus : SODA
[10:39 am] go4it : SODA breakout
[10:40 am] jewels0 : DD
[10:40 am] doji : SINA tanking
[10:42 am] eyes-inthenow : VR not acting
very Good
[10:42 am] jewels0 : DD pulling back
[10:46 am] sonorant : mhaus, are you in
SODA?
[10:46 am] eyes-inthenow : when it cleared
93.45 the next support 93.30 and then
93.13
[10:47 am] eyes-inthenow : it below 200 sma
and ema[10:48 am] eyes-inthenow : i think i
am going to close out VR
[10:50 am] jewels0 : AON more downside?
[10:51 am] doji : It’s bouncing from the
VWAP
[10:52 am] trvlntrdr : not clear to me what
AON might do
[10:54 am] jewels0 : AON looks good short.
but heck, I’ve been wrong all day.
[10:55 am] trvlntrdr : yes I agree now
[10:56 am] trvlntrdr : it had a good chance
of going up so I stayed out
[10:56 am] trvlntrdr : stochs were already
down too
[10:56 am] jewels0 : 2 min stoch is
pegged
[10:57 am] trvlntrdr : I short SINA though
at 87.11
[10:57 am] eyes-inthenow : stoped out VR
[10:58 am] jewels0 : hope SINA gives you
some $
[11:00 am] jewels0 : I think the spread is
usually jacked on SINA. I hate that.
[11:01 am] trvlntrdr : yes I would never use
a market order on SINA
[11:02 am] trvlntrdr : and for those
volatile tech stocks I try to put my limit
where I want it figure it will hit it in a
few minutes
[11:02 am] jewels0 : That’s what I do
too.
[11:03 am] trvlntrdr : That is what I plan
to do. sometimes I get excited.
[11:03 am] trvlntrdr : I stopped out of
Sina. lost 0.12
[11:03 am] trvlntrdr : =12 bucks
[11:04 am] jewels0 : Today was tough trading
for me.
[11:04 am] trvlntrdr : me too. half my fault
half bad luck
[11:04 am] jewels0 : My impatience killed me
today. And I woke up with a bad feeling for
trading today. I should have just sat out.
[11:05 am] monster : vc[11:05 am] trvlntrdr
: impatience and fear. always the problem
[11:06 am] eyes-inthenow : Read the Zone
[11:06 am] trvlntrdr : also, bias that you
will be right
[11:06 am] trvlntrdr : I intend to
[11:06 am] eyes-inthenow : it’s my new
bible
[11:06 am] jewels0 : Honestly, I have the
Zone but thought it was a bunch of
philosophical muck.
[11:07 am] jewels0 : I hadn’t read it
yet.
[11:07 am] jewels0 : So, my bias prevented
me from starting it.
[11:07 am] jewels0 : SINA drop
[11:07 am] trvlntrdr : every successful
trader I learned from says emotion is the
most difficult thing
[11:07 am] jewels0 : Well, I’ll read it now
🙂
[11:08 am] trvlntrdr : And that is my
experience
[11:08 am] eyes-inthenow : I think you will
love it
[11:08 am] lightning : VC: Visteon
considering sale of two units for up to
$450M, reports Bloomberg
:theflyonthewall.com
[11:15 am] pow : TZA
[11:21 am] trvlntrdr : Avgo has really been
strong since the pullback at 32
[11:21 am] talaakil : ms[11:24 am] dan :
anyone here still in VR?
[11:24 am] lightning : No, VR spit me
out.
[11:25 am] eyes-inthenow : Brent on the 3
Min fades I noticed a lot of the time my
stops are closer to 2% is that ok or is there
a rule because the first candle can be a big
drop
[11:26 am] sonorant : candles, what have you
traded today?
[11:27 am] candelas : traded
bidu,whr,clf,sina[11:27 am] candelas :
cern[11:27 am] candelas : and gmcr [11:27
am] sonorant : but only in CO
[11:27 am] jewels0 : Candelas, did you make
money in GMCR?
[11:28 am] Brent : they have been larger than
normal lately eyes. If I’m in a situation
where the 3min entry puts me in with that big
of stop. I’ll only add my second half on a
pullback. Not on the break of the next
candle like normal. If it keeps going up,
then I will just finish the trade with 1/2
position
[11:28 am] candelas :
bidu,whr,clf,sina,var,gmcr, and cern[11:28
am] candelas : yes made money on gmcr[11:28
am] Brent : make sense eyes?
[11:28 am] jewels0 : Darn, I should have
followed you into it. It took it out of me
today.
[11:28 am] trvlntrdr : didn’t do good with
gmcr today
[11:29 am] eyes-inthenow : yes it does thank
you
[11:30 am] candelas : did u short or long
gmcr Trvl?
[11:30 am] michael : TEN dropping on
volume
[11:32 am] sonorant : candles — it is too
late in the day, can you give me approx.
times of trades, if you don’t mind?
[11:33 am] jewels0 : GMCR ready for some
downside here?
[11:33 am] jewels0 : and no, I’m not
touching it
[11:34 am] doji : With you Jewels
[11:35 am] michael : YOKU up, maybe ready
for short
[11:36 am] michael : YOKU looks like
breakout, short would have to be quick
[11:36 am] candelas : will give a couple,
had more than my avg trades today
[11:36 am] sonorant : sound good
[11:38 am] eyes-inthenow : LNG
[11:39 am] candelas : cern 1st entry 9:51
@60.21, 2nd entry 9:53 @60.53
[11:39 am] talaakil : morgan stanley guys
[11:39 am] candelas : times are est.
[11:40 am] sonorant : okay — estimates
good, I am most interested in what you saw as
a viable set up —
[11:40 am] candelas : those were actual
times
[11:40 am] eyes-inthenow : Good night
everyone have a awesome weekend
[11:40 am] Brent : you too eyes
[11:41 am] candelas : to clear up, I was
able to get full position on cern[11:42 am]
sonorant : heavens, yoku finally sank
[11:43 am] jewels0 : Anybody else feel like
they got conflicting messages today on
indicators and higher time frames?
[11:44 am] trvlntrdr : yes
[11:44 am] jewels0 : I couldn’t read
anything right today
[11:44 am] trvlntrdr : I think because not a
lot of clear direction from buying
[11:44 am] jewels0 : Yeah… man, that was
sure sign to sit out.
[11:44 am] trvlntrdr : that’s my story and I
m sticking to it
[11:44 am] jewels0 : lol, I’m with you on
that
[11:44 am] jewels0 : Annnd, it’s Friday
[11:45 am] trvlntrdr : AVGO has been good to
me, tho, too bad I didn’t put 1000 shares
in
[11:46 am] jewels0 : Wow! Good one there!
[11:46 am] trvlntrdr : AVGO?
[11:46 am] candelas : var entry @ 10:01
price 62.01 exit 60.73 time 10:03
[11:46 am] jewels0 : Yes, AVGO if you took
it long here from the low.
[11:47 am] doji : YOKU could pull back in
the last hour
[11:47 am] trvlntrdr : yes I did got in and
out a few times. but we won’t talk about my
failures
[11:47 am] doji : it has moved over 12% only
today
[11:48 am] jewels0 : learn from the failures
but keep the account green trvl[11:49 am]
sonorant : candles, how did you find CERN,
was it called? I see why it was compelling
if you look at the daily — it dropped off a
cliff.
[11:49 am] trvlntrdr : I learn– and
ignore—
[11:49 am] trvlntrdr : var was a great
trade, candles
[11:50 am] trvlntrdr : avgo accelerating,
may pull back soon
[11:50 am] candelas : it was called by
Kris
[11:51 am] trvlntrdr : I need to look at all
the trades to pick a few good ones. need more
charts out I guess
[11:52 am] trvlntrdr : AVGO into
resistance
[11:53 am] sonorant : wow, you got in and
out of VAR quickly — that is good to know
[11:53 am] trvlntrdr : candelas do you put
each order in or use an ATM
[11:54 am] candelas : close to 2% so quick,
did not want to overstay or get greaady[11:54
am] sonorant : look at AVGO — right back
where it started, 3 1/2 hours later!!!
[11:54 am] candelas : i place them, if I
miss I just wait for next setup
[11:54 am] sonorant : ah, that makes
sense.
[11:54 am] trvlntrdr : OK thanks
[11:55 am] sonorant : another one?
[11:56 am] doji : AVGO for S
[11:58 am] candelas : i lost on the first
short on gmcr, but small entry 69.23@ 10:08
covd. 69.37@10:09
[12:00 pm] candelas : the other gmcr short
70.47@11:33 covered 69.33@11:40
[12:02 pm] jewels0 : candelas, what time
frames do you trade off of?
[12:02 pm] candelas : est. time
[12:03 pm] doji : Candelas, you used a very
tight stop in your first trade in GMCR
[12:04 pm] sonorant : on that first one, you
didn’t let it do much damage — 14 cents on a
$70 stock. that is I believe about 1/5 of 1
percent. Valuable information.
[12:04 pm] candelas : sometimes I don’t let
my stop hit the 1%,
[12:04 pm] candelas : actually a lot of
times
[12:05 pm] sonorant : right now I am getting
eaten by AVGO , which is not turning around
at resistance…. I should have shortened
my stop
[12:06 pm] candelas : just my .02 I figure
just bcuz i have 1% stop does not mean i have
to take it. I can get out for less if does
not feel right
[12:06 pm] trvlntrdr : I wouldn’t short aVGO
right now
[12:06 pm] mhaus : TZOO
[12:07 pm] doji : But in GMCR, with a 0.14c
stop you will most probably be stopped
immediately
[12:07 pm] sonorant : doji, TZA?
[12:08 pm] candelas : u missed my point, my
stop is 1%
[12:09 pm] candelas : however, it does not
mean that I allow it to get to 1% if trade
does not feel right
[12:09 pm] candelas : gmcr on the move
[12:10 pm] candelas : broke out from
consolidation
[12:10 pm] jewels0 : I was just going to say
that
[12:11 pm] candelas : does that make sense
Doji[12:11 pm] doji : No Sonorant, don’t
want to risk my overall day profit with
TZA
[12:12 pm] doji : Yes candle
[12:12 pm] sonorant : trlntrder, the idea
was to short AVGO at resistance — how is
this a bad idea?
[12:12 pm] doji : but I need to see how GMCR
moved after you enter your trade to
agree/disagree
[12:13 pm] candelas : not matter of u
agreeing with me or not, it’s just how I
trade, unique to me
[12:13 pm] doji : I do the same by the
way… move my stop if the stock go in the
opposite direction of my trade
[12:13 pm] candelas : there u go, the
wonderful part of trading
[12:14 pm] candelas : it fits your style, or
should
[12:14 pm] doji : What you do make sense
Candelas…
[12:14 pm] sonorant : I’m just trying to
make a list of 1001 BAD ideas and 100 GOOD
ideas.
[12:14 pm] candelas : I’m glad u think so,
LOL
[12:15 pm] sonorant : the important thing is
to learn why the bad ideas are bad — I would
learn eventually by intuition, but I need to
learn faster
[12:15 pm] trvlntrdr : sonorant resistance
does not always mean reversal I would tighten
stops and look at short if it does reverse. I
ended my long but it didn’t look like a short
yet, plus spy was going up
[12:15 pm] michael : Sonorant On a strong
stock like AVGO I prefer to get a double top
for confirmation to short it.
[12:16 pm] sonorant : well, you are
obviously right because the trade isn’t
working!
[12:16 pm] michael : Sonoran You may see
one right here, still not a guarantee
[12:17 pm] doji : like GMCR right now
Mchael[12:17 pm] candelas : who was it that
said all stocks are bad until they go up
[12:17 pm] michael : Looks good Doji[12:18
pm] doji : unless you are short Candy
[12:18 pm] trvlntrdr : I agree with michael,
double top or lower high before shorting a
strong stock
[12:18 pm] candelas : ur right
[12:18 pm] sonorant : no, I wouldn’t take
GMCR right now – unless I took it long,
overall trending up
[12:18 pm] doji : and the SPY is helping
[12:18 pm] jewels0 : One thing is always the
same with stock prices… they fluctuate!
[12:18 pm] doji : with the indicators
reversing
[12:18 pm] doji : so we had three points to
short GMCR
[12:19 pm] jewels0 : I like to be on the
right side of the fluc’s[12:19 pm] doji :
who did it?
[12:19 pm] candelas : was GMCR the stock
that gave many times today
[12:20 pm] michael : Sonorant See how AVGO
actually turned pretty smooth around 33.75?
Not a sure thing, but gives you some comfort
room
[12:21 pm] mhaus : Mitch, how do you look
for setups on such a slow day? I find it hard
keeping awake.
[12:21 pm] Mitch : I don’t trade now
mhaus[12:22 pm] jewels0 : I love this room.
This is a good place to be!
[12:22 pm] sonorant : okay, I must look at
candles lat GMCR example
[12:22 pm] pow : yoiu[12:22 pm] trvlntrdr :
Sonorant, also if you look at mitches
guidance on indicators, the 5 min sma did not
turn down yet on AVGO when you shorted. plus
the stochs were still above 80
[12:23 pm] candelas : this is a great
room
[12:23 pm] jewels0 : You guys are like
sunshine every day
[12:23 pm] mhaus : AON moving up slowly
[12:24 pm] sonorant : trv — stochastics
were turning down and just at 80 when I
shorted. I actually thought I was late. But
you are right about the flat or double top
[12:24 pm] doji : also you have to look at
the support level to see the money
potential
[12:25 pm] doji : on AVGO sonorant
[12:26 pm] trvlntrdr : For a strong
uptrending stock I think Mitch wants them
below 80 on 2 or 3 min chart
[12:26 pm] mhaus : Mitch, I have a question
for you
[12:26 pm] mhaus : What kind of a monitor
stand you have?
[12:26 pm] candelas : if market was not in
tight range the gmcr breakout would have been
stronger @ 3:08 est[12:26 pm] sonorant :
interesting thanks trvln[12:26 pm] mhaus : I
was looking for an adjustable 4 or 6 monitor
stand so I could work either sitting or
standing
[12:27 pm] sonorant : doji, where do you see
the support? on AVGO?
[12:27 pm] trvlntrdr : I see now that there
was a little dip below 80 for on of the
stochs[12:27 pm] trvlntrdr : when you
shorted.
[12:28 pm] trvlntrdr : I got out of the long
but I wasn’t convinced it was reversing.
could just consolidate.
[12:28 pm] sonorant : which is precisely
what it seems to be doing!
[12:28 pm] doji : around 33.50 before the
close yesterday and today after the open
[12:29 pm] trvlntrdr : yes, it still hasn’t
made a lower high or lower low
[12:29 pm] trvlntrdr : well one tiny lower
low
[12:29 pm] sonorant : my dip to 80 on the
stochs was only on the 1 minute — did not
show up on 2 or 3 minute
[12:29 pm] doji : On Wednesday it rebounded
from 33.6 +/-
[12:30 pm] joeytsa : you guys talking AVGO
?
[12:30 pm] doji : yes,
[12:30 pm] doji : 33.70 is a good support
for AVGO right now
[12:30 pm] sonorant : yes, joey, we are
dissecting my mistake in hopes I will be
smarter next time
[12:31 pm] doji : Don’t feel sorry Sonorant,
it’s easy to say that now
[12:32 pm] doji : but on realtime, it’s a
different story
[12:32 pm] doji : so how do I do is to chose
the stock, put it on my monitor
[12:32 pm] doji : draw lines from previous
support resistance
[12:32 pm] doji : and then monitor
[12:33 pm] sonorant : yes, I see the support
from Wednesday, but it could have been
resistance at the point where I shorted!
It had just turned over at 33.64
[12:33 pm] trvlntrdr : it is both sup and
res, but you have to make sure the price
declares itself
[12:34 pm] doji : See the drop in FSLR now,
it has a strong support at 53.15
[12:34 pm] doji : around
[12:34 pm] doji : above 53
[12:35 pm] sonorant : what chart do you find
that on?
[12:36 pm] trvlntrdr : yes it does have
strong support but it needs to go back up
where I bought it.
[12:36 pm] trvlntrdr : That is my
mistake–FSLR
[12:36 pm] doji : see how FSLT just
bounced?
[12:36 pm] doji : FSLR
[12:36 pm] sonorant : the support — on
today’s 1 minute chart?
[12:36 pm] doji : yes
[12:36 pm] doji : and 2min
[12:37 pm] trvlntrdr : it’s been support
there all day
[12:37 pm] joeytsa : you have the support
level pegged, if it breaks thru, might take
a nice tumble
[12:37 pm] doji : if it breaks 53, next
support is 52.5 and then 52
[12:38 pm] doji : and next 51
[12:39 pm] sonorant : I see the support at
52, but not 52.5 — not on today’s chart.
you must be backing up
[12:39 pm] doji : Here she goes
[12:40 pm] doji : with high volume
[12:41 pm] doji : Yes Sonorant, you have to
see previous days also
[12:41 pm] sonorant : so a 10 or 15 minute
chart
[12:41 pm] doji : YOKU
[12:42 pm] doji : You can use 1min and still
see many days back
[12:42 pm] joeytsa : FSLR just had a nice
pop
[12:42 pm] doji : freestockcharts for
example
[12:43 pm] trvlntrdr : I was just going to
recommend to sonorant
[12:43 pm] sonorant : so just scrunch up the
1 minute real tight and draw the lines?
[12:43 pm] trvlntrdr : if you want to cruise
around multiple time frame on all kinds of
instruments
[12:43 pm] trvlntrdr : the worden Bros.
products are better than NT
[12:44 pm] trvlntrdr : inc.
Freestockcharts.com
[12:44 pm] sonorant : I really have to stick
with NT — I have limited monitor space, and
you are trying to figure this out on the fly
— no time to go switching platforms
[12:45 pm] doji : freestockcharts is we
based Sono, so you just need to open
Explorer
[12:46 pm] trvlntrdr : I don’t recommend
switching , you can leave it open and consult
as needed
[12:46 pm] joeytsa : STMP has had a nice
day
[12:46 pm] sonorant : Yes, but I can do this
on NT — and I can trade off the NT charts
[12:46 pm] trvlntrdr : I use worden in
conjunction.
[12:46 pm] doji : Sno, see how FSLR
rebounded up to from 53 up to 53.75
[12:47 pm] trvlntrdr : it is so fast and
easy to use
[12:47 pm] sonorant : it is more a matter of
getting in the habit of tossing the lines in
there. So what did you see in YOKU?
[12:47 pm] trvlntrdr : the charts load
faster in TC2000 and freestockcharts[12:47
pm] doji : For instance, I have TOS and have
two monitors and I am able to monitor 12
stocks at the same time
[12:47 pm] sonorant : did you know it was
going to pop from the resistance around
22.70?
[12:48 pm] doji : and in my laptop I have
the trading room and freestockcharts
opened
[12:48 pm] sonorant : can’t you get the
charts you want from TOS?
[12:49 pm] sonorant : trvln, what is your
platform?
[12:49 pm] trvlntrdr : I use NT for trading,
and worden for evaluation
[12:50 pm] trvlntrdr : I have tc2000 the
paid version of Freestockcharts[12:50 pm]
doji : Yes I can but I have my TV connected
to my laptop where I have only one chart from
freestockcharts where I look at several days
back in one stock
[12:50 pm] sonorant : doji, yes, I see the
FSLR pop from 53. very impressive
[12:50 pm] doji : for a full picture of
previous support resistance
[12:50 pm] trvlntrdr : I do the same as
Doji[12:51 pm] trvlntrdr : it moves between
times very quickly
[12:51 pm] trvlntrdr : plus you can look at
the euro/USD etc[12:51 pm] trvlntrdr : the
spy has been moving with the euro for
weeks
[12:51 pm] doji : SODA spiking
[12:52 pm] doji : has some resistance at
34
[12:52 pm] trvlntrdr : I’m really mad about
getting faked out of my long fslr[12:53 pm]
joeytsa : it happens trv[12:53 pm] joeytsa
: there is no perfection in trading
[12:53 pm] joeytsa : ALXN had a quick
spike
[12:54 pm] doji : nothing is 100% sure in
trading
[12:54 pm] joeytsa : quick recap, where and
when did you go long?
[12:54 pm] trvlntrdr : at least AVGO and
GMCR and AON were my friends
[12:55 pm] trvlntrdr : I I went long at
54.36, it was pointing up
[12:55 pm] joeytsa : honestly looking at
FSLR..i see a stock in a fairly tight range
in a longer term downtrend
[12:55 pm] joeytsa : what time?
[12:55 pm] trvlntrdr : I should have exited
at 54.08
[12:55 pm] trvlntrdr : 11 am EST
[12:56 pm] trvlntrdr : but I accidently lost
my stopped, thought it was a head fake
[12:56 pm] sonorant : well, I’m not sure I’m
going to bring up other charts, but I will
start going back and putting some lines in.
It is pretty easily done.
[12:56 pm] joeytsa : you took it on the
double top with neg div on the indis[12:56
pm] doji : Bye guys, please make a ton of
money next week for me!
[12:56 pm] trvlntrdr : so I decided to stay
in because of support at 53.13
[12:56 pm] sonorant : I still want to look
at candles last GMCR example — the one that
worked for him!
[12:57 pm] trvlntrdr : I have seen FSLR
consolidate and move up lately
[12:57 pm] sonorant : thanks for the help
everyone.
[12:57 pm] trvlntrdr : any way I agree I
wouldn’t hold FSLR overnight, joey
[12:58 pm] joeytsa : look at each peak from
the open until your entry…
[12:58 pm] sonorant : I’m pissed I didn’t go
long on GMCR back where you guys wanted to
short! I would have been up a dollar now!
[12:58 pm] pandozzi : have a good weekend
all wasn’t out here till the end of day but
have a great week thanks mitch and guys
[12:58 pm] joeytsa : each macd peak was
lower…
[12:58 pm] sonorant : on what joey?
[12:59 pm] joeytsa : with res around
55.20…easy to see after the fact
[12:59 pm] joeytsa : FSLR
[12:59 pm] candelas : that’s where u have
to learn to be flexible Sonorant, it will
help make strides in trading
[01:00 pm] joeytsa : right
candelas…flexible but not over-consumed
with looking for everything to line up
perfectly
[01:00 pm] sonorant : I still haven’t looked
at your last GMCR trade candles !!! must
scroll back
[01:00 pm] trvlntrdr : Joey 55 was my
target
[01:00 pm] joeytsa : still didn’t give you a
lot of wiggle room
[01:01 pm] trvlntrdr : no I didn’t intend it
to go that way ,
[01:01 pm] joeytsa : CP just shot up
[01:01 pm] joeytsa : again..it’s much easier
to see after the fact
[01:01 pm] trvlntrdr : But i got biased
then I figured I didn’t have any more to lose
with the support
[01:02 pm] trvlntrdr : when it momentarily
broke support i got out– and I would have
recovered 80% if I stayed in a few more
minutes
[01:02 pm] joeytsa : yeah candelas..i get
caught up looking at too many things
sometimes
[01:02 pm] jewels0 : I need to read back
over the chat history today and LEARN
[01:02 pm] joeytsa : too much analysis leads
to paralysis 🙂
[01:02 pm] candelas : yep, over thinking,
been there
[01:02 pm] joeytsa : just put as many
factors on your side b4 you try to force
trades
[01:02 pm] dano : take care all. 1 for 3
down $24.00 on the day. smart play paid off.
Numbskull play gave it all back…you’d think
I learned…sheeesh. But I am improving
though.
[01:03 pm] sonorant : which trade are you
referring to trvln?
[01:03 pm] joeytsa : even then…your best
entry is ALWAYS just a guess
[01:03 pm] jewels0 : dano, we all
understand
[01:03 pm] candelas : good Dano, just keep
the study going
[01:03 pm] trvlntrdr : I always seem to lose
bigger and win a few more
[01:04 pm] trvlntrdr : FSLR
[01:04 pm] dano : tna and tza are my
crack…need to back off those puppies. those
are my big losses…stks have been in the
green
[01:04 pm] trvlntrdr : I was just venting to
Joey
[01:04 pm] joeytsa : problem is..especially
in the beginning..you look at the 1m chart,
looks great until your first loss, then you
switch to a 5 min chart..then 15..drive
yourself crazy
[01:04 pm] sonorant : at what time trvln?
[01:04 pm] trvlntrdr : I was in it all day.
the sordid details are in here!
[01:05 pm] sonorant : I will learn from
everyone else’s mistakes.
[01:05 pm] trvlntrdr : that is the best
way
[01:05 pm] candelas : i always trade off the
1min, although i glance at 2min and 15min
[01:05 pm] trvlntrdr : I try to
[01:05 pm] sonorant : It is so much easier
to learn from other peoples mistakes than
from mine!!! 😉
[01:05 pm] trvlntrdr : I think most traders
make the same mistakes
[01:05 pm] joeytsa : same here candelas
[01:05 pm] trvlntrdr : I think it is human
nature
[01:05 pm] jewels0 : you guys are trading
off of 2 mins?
[01:05 pm] joeytsa : or course we make the
same mistakes…and then go search for the
holy grail
[01:06 pm] dano : I like 2 and 3 min…keeps
me calm
[01:06 pm] jewels0 : I mean, 1 min
charts?
[01:06 pm] candelas : and u find out the
holy grail is within each of us
[01:06 pm] sonorant : there is no holy
grail, but some of us definitely have better
intuition and experience than others.
[01:06 pm] joeytsa : 2 min keeps me
calmer…but i trade with the 1min
[01:06 pm] trvlntrdr : Mitch makes a good
point about using 2 and 3 min for decision
making
[01:06 pm] trvlntrdr : then entry on 1 min
for fine tune
[01:07 pm] trvlntrdr : keeps you calmer,
less head fake on 2-3 min
[01:07 pm] jewels0 : I trade off the 2 min
but look for entry exit on 1 min
[01:07 pm] joeytsa : i find the 2min chart
is great on slower developing/longer time
working trends
[01:07 pm] dano : yea, I have been looking
at the 1 min to get accustomed. It’s the darn
hampster wheel upstairs that throws me off
[01:07 pm] jewels0 : But lately I’ve been
keeping the 5 and 15 min charts up
[01:07 pm] trvlntrdr : I don’t know about
using 2 min in the first 30 min of day yet
[01:08 pm] sonorant : candles, are you still
there?
[01:08 pm] jewels0 : I use 1 min charts
first thing in the morning but those early
entries can still whack me hard.
[01:08 pm] trvlntrdr : yeah I don’t know
what the right answer is in the first 30
[01:08 pm] joeytsa : if you are looking at a
setup on a 15min chart…remember that it
might take multiple 15min intervals for that
idea to work out
[01:09 pm] jewels0 : I think I’m taking off
the 15 min charts. It definitely threw me for
a loop today.
[01:09 pm] trvlntrdr : The adrenaline–
that’s the killer
[01:09 pm] joeytsa : there really is no
right answer..just find what works best for
the strategy you are using
[01:09 pm] joeytsa : i use the 15min/5day
timeframe for a quick s/r look
[01:10 pm] joeytsa : i believe Kris uses
that from time to time also
[01:10 pm] trvlntrdr : I try to stay away
from anything but the most obvious trades in
the first30 min
[01:10 pm] jewels0 : I’ve been liking the 1,
2, 5 min charts.
[01:10 pm] joeytsa : but honestly..when a
quick trade is jumping off…i just do a
quick eyeball scan
[01:10 pm] jewels0 : I added the 15 in today
and definitely mis-used it.
[01:11 pm] trvlntrdr : me too. it is fairly
obvious when something is crashing it is
going down
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