[06:34 am] Mitch K: watching CAR for bottom,
16.10 area
[06:13 am] Mitch K: watching
VRTX drop pre market, probably drops further
after opening, watching for bottom
[06:16
am] Mitch K: watching GMLP for a bounce at
opening
[06:16 am] Ed : good
morning
[06:23 am] Mitch K: oil prices and
airline stock prices are married, divorce not
possible
[06:23 am] Mitch K: the price of
oil directly affects airline stock
prices
[06:25 am] Mitch K: nice move up on
SBUX but i would not short this.
[06:31
am] Mitch K: watching WFM for top
[06:32
am] Mitch K: watching WMS for
bottom
[06:32 am] Mitch K: watching LOPE
for top
[06:33 am] Mitch K: watching SFLY
for bottom to buy
[06:33 am] Mitch K:
watching HAIN for short, prefer
rebound
[06:33 am] Mitch K: watching THOR
for top
[06:33 am] Mitch K: monitoring
KORS
[06:33 am] Mitch K: watching VRX for
bottom to buy
[06:34 am] Mitch K: watching
ARCO for bottom, take time
[06:34 am]
Mitch K: ESV toppy
[06:34 am] Mitch K:
watchign VRSK for bottom
[06:34 am] Mitch
K: monitoring ESV
[06:35 am] Mitch K:
watching FLR for bottom
[06:35 am] Mitch
K: watching ARI for bottom
[06:36 am]
Mitch K: watching HAR for top
[06:36 am]
Mitch K: watching MHK for top
[06:36 am]
Mitch K: watching DWA for top
[06:36 am]
Mitch K: watching CPT for short above
67.30
[06:36 am] Mitch K: watching VRSK
closer
[06:36 am] Mitch K: missed ROVI top
but watching for bottom
[06:37 am] Mitch
K: watching TRIP for trades both
ways
[06:37 am] Mitch K: watching WBC for
short on top of this bounce, take
time
[06:38 am] Mitch K: watching TRMB for
top
[06:38 am] Mitch K: watching LINE,
take time
[06:38 am] Mitch K: watching SWN
for bottom
[06:38 am] Mitch K: watching
BKD for bottom
[06:39 am] Mitch K: HAR
toppy
[06:39 am] Mitch K: watching ROVI
for short soon
[06:39 am] Mitch K:
monitoring NCMI
[06:40 am] Mitch K:
watching ARI for top to short, top of this
bounce
[06:41 am] Mitch K: watching SWKS
for bottom
[06:41 am] Mitch K: monitor
VRSN today
[06:41 am] Mitch K: watching
VRTX closer
[06:42 am] Mitch K: watching
SSYS for bottom
[06:42 am] Mitch K:
watching DRC drop
[06:42 am] Mitch K:
wwatching RKT for bottom, bouncing now, try
best price
[06:42 am] Mitch K: watching
CRUS
[06:43 am] Mitch K: trying for 15.25
to cover ROVI
[06:43 am] Mitch K: watching
ORLY for bottom, trades both ways
today
[06:43 am] Mitch K: TRMB
toppy
[06:44 am] Ed : monitoring ONXX for
potential long
[06:44 am] Mitch K:
watching LIFE for bottom
[06:44 am] Mitch
K: monitoring AWAY
[06:45 am] Mitch K:
long
[06:45 am] Mitch K: cover HAIN soon
and watch for bottom to buy
[06:45 am]
Mitch K: covering KMX, taking off
screen
[06:45 am] Mitch K: watching HAIN
closer to cover short
[06:45 am] Ed : no
hurry on ONXX
[06:46 am] Mitch K: watching
LNKD for bottom to buy
[06:46 am] Mitch K:
market selling down
[06:46 am] Mitch K:
monitor BCOV
[06:46 am] Mitch K: watchign
QCOR for bottom, going to be good
[06:46
am] Ed : on ONX would like some selling down
to 74 or 73 area
[06:47 am] Mitch K:
consider selling ARI
[06:47 am] Mitch K:
cover ESV soon
[06:47 am] Mitch K: for
most experienced traders
[06:47 am] Mitch
K: should be out of CAR long and into
short
[06:47 am] Mitch K: next set of good
trades will be bottoms, then look for market
rebound to lift stocks
[06:48 am] Mitch K:
taking VRSK off screen, looking for
something better
[06:48 am] Mitch K:
watching OPEN for bottom
[06:48 am] Mitch
K: ROVI short over
[06:48 am] Mitch K:
should be out of the first MHK short and
watch for 2nd helping short later
[06:49
am] Mitch K: taking DWA off screen
[06:49
am] Mitch K: covering CPT soon
[06:49 am]
Mitch K: FLR possible bottom
[06:49 am]
Mitch K: limit orders, small ones
[06:49
am] Mitch K: trying for best price on long
entry for ONXX
[06:50 am] Mitch K: cover
SWN
[06:50 am] Mitch K: taking NCMI off
screen
[06:50 am] Mitch K: watching MOS
for bottom
[06:50 am] Mitch K: dont like
ARCO
[06:50 am] Mitch K: watching HAIN for
long entry here
[06:51 am] Mitch K:
watchign WFC for bottom
[06:51 am] Mitch
K: watch for bottoms to buy
[06:51 am]
Mitch K: watching USB for bottom
[06:51
am] Mitch K: TRIP too strong to
short
[06:51 am] Mitch K: done with
ROVI
[06:52 am] Mitch K: watching KORS for
bottom
[06:52 am] Mitch K: VRTX
bouncing
[06:52 am] Mitch K: taking TRIP
off screen
[06:53 am] Mitch K: more
downside on LOPE short
[06:53 am] Mitch K:
taking LINE off screen, need room
[06:53
am] Mitch K: should be out of WBC
short
[06:54 am] Ed : reducing 3/4 ONXX
long
[06:55 am] Mitch K: still watching
SSYS
[06:55 am] Mitch K: bounces started,
indexes moving up
[06:55 am] Ed : will
trail last 1/4 ONXX long
[06:56 am] Mitch
K: looking for over 68 oin RKT long
[06:56
am] Mitch K: ES bouncing on 2 min
[06:57
am] Mitch K: AWAY is a no go
[06:57 am]
Mitch K: watching ROVI for 2nd short, no
hurry
[06:58 am] Mitch K: consider
reducing SFLY
[06:58 am] Mitch K: should
be out of QCOR long
[06:59 am] Mitch K:
try again later
[06:59 am] Mitch K:
consider reducing LNKD long, looks
weak
[06:59 am] Mitch K: looking to reduce
BCOV and WMS longs, gradually at best
price. that means limit
orders
[06:59 am] Mitch K: WFM 2nd short
soon
[07:00 am] Mitch K: consider selling
RKT
[07:00 am] Mitch K: FLR bounce gaining
strength
[07:00 am] Mitch K: consider
selling CAR if still long
[07:01 am] Mitch
K: little more upside on HAR, pick your
price
[07:02 am] Mitch K: cover BKD
short
[07:02 am] Mitch K: watching QCOR
for 2nd bottom to buy, should be good bottom
to buy,
[07:02 am] Mitch K: SSYS acting
very weak, still watching though, this is
almost 9% drop
[07:03 am] Mitch K: SSYS
trying to bottom
[07:03 am] Mitch K:
should be out of the banks like USB
long
[07:03 am] Mitch K: CHTR bounce
over
[07:03 am] Mitch K: should be out of
the THOR short and watch for 2nd
heping
[07:04 am] Mitch K: watching QCOR
closely
[07:04 am] Mitch K: gee, its been
Christmas all week, excellent
trading
[07:04 am] Mitch K: bounce failing
on indexes, more down
[07:05 am] Mitch K:
liking SSYS more and more, just waiting and
watching, like a patient hunter
[07:05 am]
Ed : SPY new lod
[07:05 am] Mitch K:
watching RKT for short on top of
bounce
[07:07 am] Mitch K: getting a buy
signal on SSYS 1 min chart
[07:08 am]
Mitch K: i was wondering what stock i took
off screen would be winner. DWA turned
over. watching DWA for bottom to buy,
lol
[07:09 am] Mitch K: and then try again
lower
[07:09 am] Mitch K: should stop
below 61 on SSYS
[07:09 am] Mitch K: no
buy signal on 2 min chart for SSYS
[07:09
am] Mitch K: ROVI 2nd helping soon
[07:10
am] Mitch K: watching TRV for bottom, red
umbrella insurance co
[07:12 am] Mitch K:
there goes SSYS
[07:13 am] Mitch K: VRSN
bouncing
[07:13 am] Mitch K: I shouldnt
have given up on LIFE
[07:13 am] Mitch K:
next one is QCOR, try to manage
both
[07:14 am] Mitch K: QCOR
moving
[07:15 am] Mitch K: forget shorting
WFM
[07:15 am] Mitch K: consider selling
WMS
[07:15 am] Mitch K: should be out of
BCOV long
[07:15 am] Mitch K: should be
out of SFLY long
[07:16 am] Mitch K:
watching KORS again, for bottom
[07:16 am]
Mitch K: watching SI, silver futures for
bottom
[07:17 am] Mitch K: watching for
slow motion trade on BIIB
[07:18 am] Ed :
but its trying
[07:18 am] Ed : SPY bounce
weak so far
[07:19 am] Mitch K: RLGY
toppy
[07:19 am] Ed : Advanced trade, if
get another drop in SPY, monitor SINA for
loss with vol for potential short
[07:21
am] Mitch K: consider selling QCOR
actually
[07:21 am] Mitch K: consider
reducing QCOR
[07:21 am] Mitch K: consider
selling SSYS, watch for 2nd bottom
[07:22
am] Ed : SPY lower low so far
[07:23
am] Mitch K: man that was good action this
morning
[07:24 am] Mitch K: shark, i take
tons of stuff…. vitamins, minerals, herbs,
vegetable and fruit powder
[07:26 am]
Mitch K: watching FLR for bottom
[07:27
am] Mitch K: this stock, QCOR, really can
pump out some big % winners.
[07:27 am]
Mitch K: when a stock rebounds this much on
QCOR, a short on top of bounce will be
god,
[07:28 am] Mitch K: still watching
SI
[07:30 am] Mitch K: ok good one shark,
watch GLD for bottom
[07:31 am] Mitch K:
QCOR worth short
[07:31 am] Mitch K:
monitoring XL, want acceleration on downside
more
[07:31 am] Mitch K: for short on
QCOR
[07:31 am] Mitch K: QCOR
toppy
[07:33 am] Ed : NFLX holding up so
far
[07:33 am] Ed : SPY bouncing
[07:34
am] Ed : may not gt it but if NFLX can spend
another day or 2 in tight range on daily will
get nice breakout
[07:35 am] Ed : Advanced
trade monitor ALXN for cont. weakness for
potential short with strong vol
[07:38 am]
Mitch K: monitoring FSLR
[07:42 am] Ed :
SPY lower low
[07:46 am] Mitch K: consider
covering some of QCOR short, incremental
orders to cover
[07:46 am] Mitch K:
watching QCOR to cover soon
[07:55 am]
Mitch K: watching QCOR for 2nd helping
short
[08:04 am] Ed : SPY new
lod
[08:11 am] Mitch K: more downside on
DNDN but hard to find shares to
short
[08:37 am] Ed : SPY
bouncing
[08:46 am] Mitch K: watching WTW
for short
[08:47 am] Ed : covering 3/4 of
SINA short
[08:52 am] Mitch K: can i have
a mulligan on the HAIN short, missed 2nd
short
[09:01 am] Mitch K: 2nd short is
almost 2% on 2nd short
[09:01 am] Mitch K:
Murano, thats $3.50 a share on first short or
6%
[09:04 am] Mitch K: ive made several
more trades after this one big one
[09:04
am] Mitch K: excellent trading in QCOR, here
is that big bounce
[09:06 am] Mitch K:
SSYS here
[09:06 am] Mitch K: this is
WTW
[09:07 am] Mitch K: really good
trading this week
[09:08 am] Mitch K: i
know ive lost all credibility on this release
dates though, lol
[09:08 am] Mitch K:
should be this coming week.
[09:09 am]
Mitch K: lol, too funny, you crack me
up
[09:09 am] Mitch K: you’re too funny
lisa, good thing im not under your command, I
would have been sent to Adak,
Alaska
[09:10 am] Mitch K: thats ok, i can
handle the abuse
[09:10 am] Mitch K: can
you guys find a good trade
[09:11 am]
Mitch K: we want to develop to next version
on Lightning before programming it for
TS
[09:13 am] Mitch K: gold, GC
12-12
[09:14 am] Mitch K: should wait for
buy signal
[09:14 am] Mitch K: should not
do that
[09:14 am] Mitch K: im
anticipating trade
[09:15 am] Mitch K: but
19 years of habits hard to break. i
just showed you why you wait for
signal
[09:15 am] Mitch K: when you do
what i just did, you increase risk
[09:16
am] Mitch K: i had to demonstrate what not to
do
[09:16 am] Mitch K: this is going to be
your biggest problem
[09:17 am] Mitch K: i
am checking all the different settings i use
and not one buy signal on GC 12-12
[09:18
am] Mitch K: on one chart
[09:18 am] Mitch
K: got a buy signal
[09:20 am] Mitch K:
you can take a profit target or a signal,
your call
[09:20 am] Mitch K: no, its a
range chart
[09:22 am] Mitch K: 5 is a
setting, the bigger the number the longer
time interval that chart is on
[09:23 am]
Mitch K: yeah i did qwert, its my biggest
challenge using this.
[09:24 am] Mitch K:
i have really just started to focus on
trading using Lightning. i spent a long
time analyzing how to program it more than
trading
[09:25 am] Mitch K: you leave a
lot of money on the table that way, make much
more by using signals
[09:25 am] Mitch K:
over time, it is much better to use the
signals than to do what i just did
[09:27
am] Mitch K: the main reason why Lightning
beta version was not released because we
chased this no trading zone down a deep black
hole. hard to get out of those.
It is real convenient to use though, to have
a warning that its not a great time to open
new positions
[09:29 am] Mitch K: see that
sell signal?
[09:29 am] Mitch K: i learned
a tremendous amount about trading, trading
action through this 2 year project. and
we have a long way to go for
improvements
[09:30 am] Mitch K: yes
shawn, two versions are being released, one
for stocks and one for
futures-forex
[09:30 am] Mitch K: go4it, i
need to be more patient
[09:30 am] Mitch
K: my suggestion, after using and designing
this is to wait for the signal for opening a
position is best
[09:32 am] Mitch K:
shawn, dont think about money or things, just
think about the process
[09:32 am] Mitch
K: stocks much easier to trade than futures
and forex
[09:33 am] Mitch K:
trade=trader
[09:33 am] Mitch K: if you
are a new trade, be on sim for 90 days, 60
days if you are intermediate and 30 days if
you are proficient trader already
[09:34
am] Mitch K: no signal was issued
[09:34
am] Mitch K: i shorted in that blue
circle
[09:34 am] Mitch K: want me to tell
you what else i did wrong? it is a real
adjustment to use this for sure but works
well
[09:35 am] Mitch K: only made about 4
ticks, but then look what happened? a
form sell signal was issued about 4 candles
later here in the 2nd circle
[09:36 am]
Mitch K: i think this might be a problem for
most people at first, trusting and taking
signals
[09:36 am] Mitch K: #3 circle was
a short signal which i did not
take.
[09:36 am] Mitch K: i shorted at #1,
covered at #2 circle
[09:37 am] Mitch K:
when you see a big move like this one, or a
decent move like this, then get ready to take
next signal, it will probably be a good
mover
[09:38 am] Mitch K: but ive been
trading for 19 years and those habits are
hard coded, lol
[09:38 am] Mitch K: i dont
think i have any edge on you guys using this,
there is no question this is an adjustment
for me
[09:39 am] Mitch K: i think so
murano, i think an intermediate trader will
do better. my wife, who is beginner,
will outperform me for a while
[09:39 am]
Mitch K: what i have learned alot about is
the sell signals or any signals come later
than you think, or at least later than i
think
[09:40 am] Mitch K: i got to work
with programmer, now, bye for now
[09:41
am] Mitch K: practice more before you trade
futures-forex.
[09:41 am] Mitch K:
repeat: using Lightning with stocks is
much easier because stocks move slower, at
least most stocks
[09:44 am] Mitch K:
lisa, you want me wait for you? when do you
return
[09:46 am] Mitch K: you can abuse
me, its funny
[09:46 am] Mitch K: i should
show you something else
[09:47 am] Mitch
K: i have a 2nd order that never filled at
1679.0 but got one contract filled at
1679.20
[09:47 am] Mitch K: still
long
[09:47 am] Mitch K: right after i
closed the projector chart i took this signal
at bottom
[09:48 am] Mitch K: thats one of
my accounts
[09:48 am] Mitch K: this is
not simulator mode
[09:48 am] Mitch K: i
will try to wait for sell signal just for you
guys,
[09:49 am] Mitch K: im trying to
work out the stops now lisa, for CL 15
ticks max
[09:50 am] Mitch K: also, you
should configure your dom, if you use one,
with different colors like this
[09:51 am]
Mitch K: yes qwert
[09:51 am] Mitch K:
wait for the entry signals for sure, and you
can use a profit target to close
[09:51
am] Mitch K: in that case, i gave up more
profit than if anticipated. but over
the long run, you will come out much more
profit if you wait
[09:52 am] Mitch K: if
you are trading an instrument/stock that is
trending, increase the time interval to
longer time frame
[09:53 am] Mitch K: it
filters out a lot of trade signals
[09:56
am] Ed : their are ton of stops sitting right
at 1650
[09:56 am] Ed : fyi: key area on
GC 12-12 is 1650
[10:03 am] Ed : very
tight range in SPY
[10:07 am] Ed : will
monitor MDVN for some accelerated
selling
[10:07 am] Ed : MDVN still
bleeding
[10:26 am] Ed : AAPL formin bear
cup on 15min/15 day chart
[10:28 am] Mitch
K: DO buy signal
[10:46 am] Ed : nice
murano
[10:52 am] Mitch K: low of day on
SPY
[10:53 am] Ed : SPY finally broke down
from the range
[10:54 am] Mitch K: careful
with CRUS, no bounce showing today and being
Friday, i dont think people will be wanting
to buy this going into weekend. If it
drops a lot more might be
interesting
[10:55 am] Ed : I like as
potential short
[10:56 am] Ed : advanced
trade though
[11:16 am] Ed : still
monitoring ALXN for break of yesterdays low
with strong vol for potential short
[11:17
am] Ed : its been teasing that low, I will be
patient
[11:23 am] Mitch K: bye
lisa,
[11:24 am] Ed : covering 3/4 AAPL
short
[11:29 am] Mitch K: thanks
murano
[11:33 am] Ed : on AAPL Im trailng
last 1/4 short behind 20sma
[11:38 am] Ed
: SPY new lod
[11:41 am] Ed : would see
how this bounce plays out no rush
[11:41
am] Ed : ALXN gettn really close
[11:42
am] Mitch K: got buy signal on aapl 2 MIN
CHART
[11:42 am] Ed : CRUS still bleeding,
but I got stopped earlier for nice
gain
[12:00 pm] Ed : getting bounce in
SPY
[12:24 pm] Ed : nice one on
BTH
[12:27 pm] Ed : nice call sky and
reshef on BTH
[12:29 pm] Mitch K: getting
buy signal on BTH, early buy signal
[12:37
pm] Mitch K: on BTH
[12:37 pm] Mitch K: no
sell signal
[12:37 pm] Ed : SSYS lost
60
[12:39 pm] Ed : covereing 3/4 of SSYS
short
[12:40 pm] Ed : joey called the SSYS
earlier for that 60 level
[12:49 pm] Mitch
K: gettting early sell signal on
BTH
[01:02 pm] Ed : have a great weekend
traders study study study
| [06:44 am] doji : LNKD long 110.18 …
rigth at 50% retractment
[06:44 am]
skydiver : L LNKLD 111.43
[06:44 am]
doji : VRTX is a dog
[06:44 am]
shark : PCLN new lod
[06:44 am]
joeytsa : sure is
[06:45 am]
skydiver : tight stop on LNKD
L
[06:45 am] joeytsa : lightspeed
has VRTX shorts
[06:45 am] joeytsa :
they havent had them in a while
[06:46 am]
skydiver : all out of LNKD L – small
loss
[06:47 am] doji : stopped on
LNKD… small profit
[06:47 am]
skydiver : nice doji 🙂
[06:47 am]
shark : out 1/2 PCLN s
[06:48 am]
joeytsa : ES slow trend down since 1431
dbl top
[06:48 am] shark : my boots
on the ground, saying LULU sales doing
well
[06:48 am] doji : More sellling
in the SPY
[06:48 am] shark : see if
they hold b/e doji
[06:49 am] shark
: out all PCLN s
[06:49 am] doji :
Watching LNKD approaching b/e
[06:49 am]
doji : $107
[06:50 am] doji :
No idea why EXPE didn’t run along with PCLN
and TRIP….
[06:50 am] doji : VRTX
round bottom?
[06:50 am] shark :
looks like it doji
[06:51 am] shark
: KORS break down thru R1
[06:52 am]
shark : keep an eye on market
direction
[06:52 am] joeytsa : crude
just touched under $86
[06:52 am]
doji : AAPL holding 591
[06:52 am]
skydiver : I went L VRTX
43.11
[06:53 am] shark : just buy me
double whatever you get, sky
[06:53 am]
skydiver : smaller position however on
VRTX
[06:53 am] doji : run VRTX
run… nice round bottom
[06:53 am]
skydiver : thnx shark 🙂
[06:53 am]
doji : long from 42.51
[06:53 am]
joeytsa : doji: just for you, that
pattern is known as a “vergara”
[06:53 am]
doji : No, JLo
[06:54 am]
shark : Sofia Vergara? :O
[06:54 am]
doji : but I like the Briazilian’s
ones… the best
[06:54 am] joeytsa
: 🙂
[06:54 am] shark :
Youzzzaaa
[06:54 am] joeytsa : ONXX
nice
[06:55 am] skydiver : out of
VRTX L 43.52
[06:55 am] doji : out
1/2 VRTX :
[06:55 am] doji :
L
[06:55 am] doji : NFLX
[06:56
am] qwert : Watching EXC
[06:56 am]
joeytsa : same on 1min, higher
low
[06:56 am] skydiver : nice one
qwert
[06:56 am] joeytsa : i meant
the 340 tick
[06:56 am] shark : SSYS
beats by .03, guides up for rest of
2012
[06:58 am] skydiver : L EXC
32.38
[06:59 am] doji : I am with
you Sky
[06:59 am] joeytsa : SSYS
weak on that news
[06:59 am]
skydiver : humm – looking a bit weak to
me EXC – volume is low
[06:59 am]
skydiver : but still in it
[06:59
am] skydiver : EXC
[06:59 am]
shark : CMG testing hod
[07:00 am]
skydiver : moving stop up to be on
EXC
[07:00 am] qwert : did the same
sky
[07:01 am] joeytsa : ES has to
get over 1427 now for a big move to
happen
[07:01 am] skydiver : ok
qwert and doji – be careful on this one EXC –
not liking the volume at moment, but . .
.
[07:01 am] shark : nice pop on
DECK off 52week low
[07:02 am]
skydiver : thnx shark
[07:02 am]
shark : looks like a floor put in from
10/26 capitulation
[07:02 am]
joeytsa : factory orders slightly
better
[07:03 am] skydiver : out of
EXC L 1/2
[07:03 am] skydiver
: moving stop up on EXC
[07:04 am]
shark : NFLX testing b/e
[07:04 am]
shark : pivot areas
[07:04 am]
skydiver : all out of EXC
L
[07:04 am] doji : NFLX, SBUX
strong
[07:04 am] shark : thx for
all the gifts, Mitch
[07:05 am]
shark : watching SSYS &
DDD
[07:05 am] skydiver : thnx qwert
for EXC
[07:05 am] qwert :
:))
[07:05 am] doji : APPL
aipproaching 200dMA… it could losee it big
today
[07:07 am] joeytsa : SSYS real
nice short so far
[07:07 am]
skydiver : nice joey
[07:07 am]
joeytsa : looks like $61 is trying to
hold
[07:08 am] doji : Watching
FSLR
[07:10 am] doji : SBUX over 10%
up
[07:12 am] joeytsa : QCOR is a
pig
[07:13 am] skydiver : SSYS
moving up nicely
[07:13 am] shark :
SSYS 61.35 l
[07:13 am] qwert :
weird gap on the ssys chart
[07:13 am] Ed
: yea it shows on esignal but not my TS
chart
[07:13 am] joeytsa : no gap on
lightspeed either
[07:14 am] shark :
stopped out at 62.23
[07:14 am]
joeytsa : no QCOR shares at LS
either
[07:14 am] Ed : nice piece of
change though shark
[07:14 am]
joeytsa : if $62 holds could get a nice
bounce
[07:14 am] skydiver : yeah
shark – nice
[07:14 am] shark :
ooohh yeah! 🙂
[07:15 am] Ed : strange
does not show gap on chart on left
[07:15
am] joeytsa : because chart on left is
QCOR?
[07:16 am] Ed : meant on
right
[07:16 am] joeytsa :
haha
[07:16 am] Ed : im all
confused
[07:16 am] skydiver : need
more coffee
[07:16 am] shark : shall
we recommend some SBUX?
[07:16 am]
qwert : hahaha
[07:16 am] Ed : none
for me, maybe thats issue
[07:17 am]
doji : NFLX
[07:17 am] joeytsa
: no coffee here either
[07:17 am]
apple : gm all – school has been closed
all week
[07:17 am] Ed : we heard, u may
get 3 weeks
[07:17 am] skydiver :
I’ll be stopping at starbucks in awhile as I
head out to an early morning meeting in
abouit 1/2 hour
[07:17 am] skydiver
: gm apple!!
[07:18 am] apple : hey
sky
[07:18 am] joeytsa : ES still
making lower highs
[07:18 am] shark
: hi apple
[07:18 am] joeytsa : good
morning apple
[07:18 am] apple : not
3 weeks, pls! 1 week is more than
enough
[07:18 am] apple : gm
joey
[07:18 am] apple : gm
shark
[07:18 am] joeytsa : CSTR a
bit ugly today
[07:18 am] doji :
Watching SINA
[07:18 am] shark : you
guys all safe, apple?
[07:18 am] Ed : talk
to bloomberg
[07:19 am] doji :
FB
[07:19 am] apple : we are fine,
but a lot of people do not have electricity
and there are long gas lines or no gas
available
[07:19 am] doji :
NFLX
[07:19 am] doji : any news on
NFLX?
[07:19 am] shark : good thing
you can work from home
[07:19 am]
joeytsa : people selling gas on the
side of the roads from barrels
[07:20 am]
apple : yeah, i am so lucky
[07:20
am] shark : 🙂
[07:20 am]
apple : my friend said she had to take
the bus to midtown for work – 3 hours in am
and 4 in pm… that sounds like a workday to
me
[07:21 am] joeytsa :
yuck
[07:21 am] shark : time to call
in sick
[07:21 am] shawn : can we
short ssys?
[07:21 am] joeytsa :
QCOR decent bounce
[07:21 am] apple
: really, and she has a lot of vacation
days…
[07:21 am] Ed : mostly same info
doji how Icahn says it may be an aqcuisition
target
[07:21 am] khall : that’s
quite the commute
[07:21 am] apple :
hey khall and the buses were packed and they
were free
[07:22 am] doji :
NFLX!
[07:22 am] shark : yeah, Ed,
only PE98
[07:22 am] khall : hey
apple 🙂
[07:22 am] apple : ferries
will start running today
[07:22 am]
khall : I bet they were packed –
especially since the subway is not
available
[07:22 am] shark : CNBC
commercial on now
[07:22 am] doji :
NFLX Shark?
[07:22 am] joeytsa :
great commercial
[07:23 am] apple :
only way to travel… bridges and tunnels
were also closed
[07:23 am] shark :
gives me goosebumps, yeah joey
[07:23 am]
Ed : is that still the case apple
[07:23
am] joeytsa : crude stairstepping down
also
[07:23 am] Ed : i agree
Mitch
[07:23 am] joeytsa : agreed
Mitch
[07:24 am] Ed : sure it will take
some time to get back to normal
[07:24 am]
qwert : monitoring FMCN
[07:24 am]
joeytsa : crude testing S2, ES to test
the pp
[07:24 am] shark : need more
protein for your finger muscles,
Mitch
[07:24 am] khall : gold
testing my S3
[07:24 am] khall :
again
[07:25 am] shark : TWO thumbs
up, Mitch 🙂
[07:25 am] apple :
right now no trains below 34th street or
between brooklyn and manhattan
[07:25 am]
joeytsa : all about being healthy
Mitch
[07:25 am] khall : I sure hope
they can get things up and running soon for
you guys apple
[07:25 am] shark :
Mitch, I’m using my new mouse, pad and holder
-THANKS!
[07:25 am] shawn : has Kors
bottomed?
[07:26 am] apple :
commuter trains are running, no power in
lower manhattan
[07:26 am] Ed : wonder how
eddy is doing, has not been in room and they
were having unrest in lebanon
[07:26 am]
joeytsa : looks like it for now
shawn
[07:27 am] apple : i hope eddy
is okay
[07:27 am] shark : yeah, Ed,
great question
[07:27 am] joeytsa :
wonder if the power issues are affecting
overseas connectivity?
[07:27 am]
shark : how joey?
[07:28 am]
joeytsa : no clue..thats why i put the
?
[07:28 am] shark : haha,
ok
[07:28 am] Ed : is that SI 12-12
Mitch?
[07:28 am] Ed : i assume that is
the case
[07:29 am] Ed : he is watching SI
12-12, which is silver in futures
[07:29
am] shark : thx, Ed, wasn’t sure
either
[07:29 am] doji : QCOR a nice
V pattern
[07:29 am] shark : GLD
dumping too
[07:30 am] apple : that
is why@SI helps
[07:30 am] Ed : good
economic #, typically cause gold to sell
off
[07:30 am] shawn : QCOR looks
Toppy
[07:31 am] shark : ahh,
ok
[07:32 am] apple : thx
E
[07:33 am] regatta : watching
FMCN
[07:34 am] ticktrader : qcor
short not availabe at TS
[07:34 am]
qwert : had em at lightspeed
[07:34
am] doji : Niether in TDA
[07:35 am]
joeytsa : not anymore at LS
[07:35
am] skydiver : llightspeed shows no
shorts available for QCOR
[07:35 am]
joeytsa : ALXN lod
[07:35 am]
skydiver : oh . . sorry joey . . didn’t
see your post
[07:35 am] qwert : i
know but i got some?
[07:35 am] doji
: FB
[07:35 am] skydiver : really
qwert?
[07:36 am] skydiver : wow,
must have hit it at right time
[07:36 am]
joeytsa : they may have had some..the
“L” means hard to locate not
unavailable
[07:36 am] skydiver :
thnx joey
[07:36 am] joeytsa : break
time, vacuum-palooza starts
[07:36
am] shark : lol, bye joey
[07:36 am]
apple : have fun joey
[07:36 am]
joeytsa : great action, see you all
later..thanks for the great calls
[07:36
am] qwert : yeah i usually try and this
time got some
[07:36 am] shark :
enjoy the show
[07:37 am] joeytsa :
haha
[07:37 am] skydiver : put on
head phones joey . . enjoy . . I have to head
out for early morning meeting as well .. see
you all later hopefully 🙂
[07:37 am]
shark : bye sky 😉
[07:37 am]
khall : bye sky
[07:37 am]
skydiver : 🙂
[07:37 am]
ticktrader : C ya sky
[07:38 am]
apple : bye sky have fun
[07:38 am]
Ed : c ya sky
[07:38 am] qwert : bye
sky
[07:38 am] doji : NFLX is really
strong today
[07:38 am] taco : c ya
sky, nice trades
[07:38 am] doji :
same as FB
[07:39 am] cowboyh : gm
all better late than never
[07:39 am]
taco : hi coeboyh
[07:39 am]
taco : w
[07:39 am] apple : gm
cowboy, how are you
[07:39 am] shark
: hi cowboy
[07:39 am] cowboyh : gm
taco apple, shark
[07:41 am] shark :
FB at R1, doji
[07:42 am] shark :
GLD testing lod
[07:42 am] shark :
I’m definitely going to see the new 007
movie
[07:43 am] shark : not sure if
the Omega watch is included, though
[07:43
am] apple : my son wants to see it as
well.
[07:44 am] qwert : me
too
[07:45 am] ticktrader : KORS at
pivot
[07:45 am] apple : i do,
too. love javier and daniel
[07:46
am] shark : KORS touched all time high
today: $58.62
[07:47 am] apple : thx
shark
[07:47 am] shark : same chart
pattern as SPY on 1min
[07:49 am]
qwert : monitoring FB
[07:49 am]
khall : Obama getting ready to
speak
[07:51 am] cowboyh : we better
grab our undies
[07:51 am] khall :
LOL
[07:53 am] doji : TOS platform
experiencing delayed quotes… dang
[07:53
am] qwert : SINA
[07:58 am]
victor51 : Ed, SI12-12 is same as SIZ12
for TradeStation?
[07:59 am] Ed : not sure
i dont use TS for futures
[08:00 am]
victor51 : Thanks Ed
[08:00 am]
lisas : Victor, for ts, us root SI plus
month, Z, then year, so SIz12
[08:00 am]
apple : gm lisa
[08:01 am]
lisas : Also, up on top toolbar, there
is a window “type a symbol/command”. Right
next to that is a magnifying glass. If you
click on that, you can look up
symbols
[08:01 am] lisas : Hi apple.
You are all shrunken this am, my larger
monitor for laptop on the fritz
[08:01 am]
shark : SPY testing lod area
[08:01
am] lisas : so hard to see
chat
[08:02 am] apple : i
wish!
[08:08 am] qwert : watching
WBC
[08:11 am] eyes : did you l
Qwert
[08:12 am] taco : WFM rounding
out
[08:12 am] qwert : did i what
eyes
[08:12 am] shark : l =
long
[08:13 am] eyes :
long
[08:13 am] aussie123 :
FLR
[08:13 am] qwert : oh no did not
L wbc, but in sina short 53.95 testing
my patience
[08:15 am] qwert : did u
eyes
[08:15 am] eyes : no
[08:16
am] qwert : bounced right off ther 200
on the daily
[08:17 am] qwert : was
actually looking for 56 area though and more
volume
[08:28 am] eyes : swks down
`12%
[08:30 am] apple : are you in
it, eyes?
[08:30 am] eyes : no just
heard the news
[08:30 am] apple :
nice short from the open
[08:30 am]
eyes : dont look that good
[08:32
am] doji : SBUX
[08:33 am]
joeytsa : nothing like reading stuff
about the collapse of the US$ to brighten
your day haha
[08:34 am] joeytsa :
got something in the mail
yesterday..depressing
[08:36 am]
qwert : QCOR moving
[08:37 am]
apple : @ES moving off lod
[08:37
am] doji : I cannot trade…. TOS
having issues to fill orders
[08:37 am]
joeytsa : thats no fun doji
[08:38
am] doji : at all
[08:38 am]
joeytsa : good time to sit and
watch..or go to the beach 🙂
[08:39 am]
doji : and my TS account is not
working… every day I have to calll TS
technical support to “activate” my
computers… it’s just a pain in the
butt
[08:39 am] apple : right, joey,
or maybe do some work at your
job….
[08:39 am] joeytsa : thats
weird..a glitch?
[08:39 am] apple :
not good doji. you have Trade Station
and Think or Swim?
[08:40 am]
joeytsa : always good to have more than
1 acct
[08:40 am] joeytsa : better
still when you can separate trading and
“investing” accts
[08:41 am] joeytsa
: i believe Mitch mentioned that he had done
that at one time also
[08:41 am]
lisas : Doji, did TS say why you have
to activate computers everyday? Should not
have to do that
[08:41 am] reshef :
sbux?
[08:43 am] Ed : cant recall, but
word out there is that if Obama wins, there
may be a chance he would cancel all US debt,
which would crush the US dollar
[08:43 am]
doji : They always ask if I change
something in my computer and my answer has
been always NO!
[08:43 am] joeytsa :
i heard that rumor also Ed
[08:44 am] Ed :
it would fit the them of the ” one world
order”
[08:44 am] joeytsa : unless
something happens, the $ looks like it could
be toast…good chance loses its reserve
status
[08:44 am] Ed :
them=theme
[08:44 am] lisas : Doji,
you should get them to get you to someone
advanced to fix the problem.
[08:45 am] Ed
: agree with lisa, doji, should not have that
issue
[08:45 am] joeytsa : strange
issue doji
[08:46 am] joeytsa : only
TS issues i ever get is when i type a ticker
in a chart, sometimes it says data failed or
something like that
[08:46 am] apple
: QCOR had some nice trades today
[08:46
am] lisas : When you travel, could see
different ISP’s being an issue, but only the
first time you sign in
[08:47 am] Ed :
taking forever
[08:47 am] Ed : u still in
it qwert?
[08:47 am] qwert : i hear
ya Ed
[08:48 am] qwert : no got out
last part when it broke trend
[08:48 am]
regatta : watching CTB
[08:48 am]
qwert : sorry i mean 20sma on 1
min
[08:49 am] joeytsa : ES with res
at both 1423 and 1427 areas
[08:49 am] Ed
: ok
[08:49 am] doji : APPL going
south
[08:50 am] doji : at
200dMA
[08:50 am] Ed : i gave it more
time,seeing overal trend down
[08:50 am]
qwert : basically was staring at it
when i should not have been
:))
[08:51 am] Ed : thats what help me
stay in longer, if I was lookn at chart would
have been gone ages ago
[08:51 am]
qwert : i have gotten spoiled by all
the fast movers
[08:51 am] joeytsa :
thats my problem qwert
[08:52 am]
joeytsa : of course
[08:53 am]
cowboyh : I guess so this but dont let
it happen again
[08:55 am] apple :
nice V on WTW
[08:57 am] murano :
Mitch, if we had Lightning we wouldn’t have
missed the second HAIN short
[08:58 am]
joeytsa : VRTX trying to move
[08:58
am] joeytsa : ES in a 3pt range for
over an hour
[08:58 am] apple :
bouncy, bouncy
[08:59 am] joeytsa :
really nice actually
[08:59 am]
joeytsa : been touching the pp and
giving nice 4-8 tick moves
[09:00 am]
qwert : looks great mk
[09:01 am]
jsn13 : why use 3min instead of 2min
chart?
[09:01 am] murano : When do
we get Lightning?
[09:01 am] doji :
Waht about the previous one? Not short
signal
[09:01 am] Ed : time frames are
more of preference jsn
[09:01 am]
murano : That’s great
[09:02 am] Ed
: the shorter the time frame, the more
signals
[09:02 am] jsn13 :
understand i just wanan see
consistency….hard to follow if we need to
keep on switching timeframes….
[09:03
am] Ed : consistency come from
within
[09:03 am] apple : so does
patience and peace
[09:03 am] jsn13
: ok thanks ed….understand….
[09:04
am] lisas : jsn, I have 3 time charts
side by side, arranged vertically
[09:04
am] lisas : 1 min, 2 min and
daily
[09:04 am] lisas : it has help
a lot
[09:04 am] lisas :
qcor
[09:04 am] lisas : wrong
window
[09:07 am] regatta :
lightning webinar any time soon?
[09:07
am] lisas : Do you have a planned
release date Mitch?
[09:08 am] apple
: thanksgiving?
[09:08 am] lisas :
Mitch, ya think? lol
[09:09 am]
murano : We have come to the conclusion
it is making you so much money, you don’t
want to share.
[09:09 am] lisas :
It’s been awhile since I studied Ninja, don’t
have Kinetick yet, holding off on paying fees
until you are ready. So as Khall would say,
should be put this in ink?
[09:09 am]
joeytsa : tighten VRTX if
short
[09:09 am] khall : Oh, don’t
do that – it ruined my date book last time
😉
[09:09 am] lisas : Or as I would
do, permanent marker?
[09:10 am]
apple : hah, use white out
[09:10
am] apple : i would be great if it as
adapted to TradeStation, MK, so we don’t have
to pay for more feeds, etc.
[09:10 am]
khall : we only abuse the ones we love
Mitch…
[09:11 am] lisas : Cleaned
out some drawers during hurrican, came across
some old white out, wondered what on earth I
would ever use it for, now I know
apple:)
[09:11 am] apple : i cleaned
out the attic for those 2 days!
[09:11 am]
lisas : Mitch might get a case of white
out for Christmas
[09:11 am] qwert :
hahaha
[09:11 am] lisas : Wow apple,
ambitious!
[09:12 am] apple : hey, i
never get undisturbed days
[09:13 am]
shawn : I really like these charts with
the Arrows
[09:13 am] joeytsa : i
think it needs more colors 🙂
[09:13
am] qwert : lol
[09:13 am]
shawn : what do the diamonds
mean?
[09:13 am] apple : the funny
thing is if you are color-blind, it could be
a problem
[09:15 am] apple : right
MK, that is why you have
Lightning…
[09:16 am] shawn : is
the stock we are watching GLD?
[09:16 am]
joeytsa : no shawn
[09:16 am]
apple : it’s gold futures
shawn
[09:16 am] joeytsa : gold
contract
[09:16 am] Ed : you are watching
the future for gold contract
[09:16 am]
shawn : K
[09:17 am] jsn13 :
why no stop?
[09:17 am] murano :
Consider a stop loss Mitch
[09:17 am]
lisas : you do need wider stops with
gold
[09:17 am] Ed : he is showing how not
to use
[09:17 am] qwert :
haha
[09:17 am] lisas : There go our
Christmas bonuses
[09:18 am] apple :
nice short on Gold
[09:19 am] lisas
: did GLD trigger at same time?
[09:19 am]
murano : Nice recovery
[09:19 am]
lisas : jsut curious
[09:19 am]
joeytsa : it moved, but not worth a
trade
[09:19 am] joeytsa : re;
GLD
[09:20 am] lisas : oh, is that a
Renko chart on gold?
[09:20 am]
lisas : what does 5 range
mean?
[09:20 am] lisas :
ok
[09:20 am] lisas : so .50 per
bar?
[09:22 am] qwert : mitch are
you anticipating sell signal
[09:23 am]
qwert : okay thx
[09:24 am]
apple : he’s trying to outsmart
Lightning
[09:25 am] lisas :
However, it was logical to see resistance at
that level and sell
[09:25 am]
joeytsa : i thought so too
lisa
[09:26 am] apple :
agree
[09:27 am] joeytsa : shark:
you here?
[09:27 am] joeytsa : has
to be tough trying to program something like
this
[09:28 am] apple : nice abs,
joey! if that is really you in the
picture
[09:28 am] joeytsa : trying
to guess what human psychology will
do
[09:28 am] joeytsa : thanks
apple, yes thats me 🙂
[09:28 am]
go4it : ok to sum it up you bought too
soon and sold to soon?
[09:28 am]
apple : i don’t know, i don’t see your
smiling face…
[09:28 am] joeytsa :
🙂
[09:29 am] apple : lol
[09:29
am] lisas : yep
[09:29 am]
apple : y
[09:30 am] joeytsa :
came right at that previous dbl bot
[09:30
am] go4it : yes why didn’t you wait for
it?
[09:30 am] shawn : will the
lighting and Beta version work with the dow
and Nasd?
[09:31 am] joeytsa : it
should shawn
[09:31 am] shawn : I
think we out to try it out on
Monday?
[09:31 am] shawn : If this
thing works, we will have a
Ferrari-:)
[09:32 am] elisha : What
do you mean if, Shawn?
[09:32 am]
apple : when
[09:32 am]
joeytsa : famous last words
[09:32
am] lisas : But sim trade first
shawn
[09:32 am] ticktrader : We
will start with stocks. I like
easy.
[09:32 am] lisas : Mitch’s
command
[09:32 am] shawn : I hope
your right elisha: I will take you for a
ride!
[09:33 am] elisha : ok, but
prefer old jags
[09:33 am] apple :
love those, too, elisha
[09:33 am]
elisha : ”),apple
[09:33 am]
apple : flounder
[09:34 am]
elisha : you have a good
memory!
[09:34 am] apple : i
do
[09:34 am] lisas : I suspect time
is going to be a good screen for
trades
[09:34 am] lisas :
Yes
[09:34 am] lisas : because you
saw the red candle?
[09:35 am]
ticktrader : where did you cover…
before the signal?
[09:37 am] elisha
: why didn’t you take #3?
[09:37 am]
shawn : hindsight is 20/20
[09:38
am] apple : and it was
[09:38 am]
murano : It may be easier for a
beginner to follow the signals
[09:39 am]
elisha : Gof blrdd you Murano
[09:39
am] elisha : oops, God bless you
Murano
[09:39 am] cowboyh : WTW
dropping
[09:39 am] apple : thx
cowboy
[09:40 am] elisha : Thanks
Mitch, you just made my day!
[09:40 am]
apple : bye MK, thx
[09:41 am]
joeytsa : have fun Mitch
[09:41 am]
lisas : Thanks Mitch!
[09:41 am]
apple : have fun
[09:42 am]
shawn : is Lightnig your program, how
do we get it?
[09:43 am] Ed : its a
program Mitch has been working on, he
will be discussing that with us next week
shawn
[09:43 am] shawn :
perfect
[09:44 am] lisas : Man, I’m
going to be out of town:(
[09:44 am]
khall : lisa – I’ll email you the
updates
[09:45 am] lisas : Thanks
khall. We’re leaving to visit kids in CA on
Wed
[09:45 am] lisas : Get back
following Wed.
[09:45 am] lisas :
Can you record it Mitch? Don’t want to make
everyone wait
[09:45 am] khall :
okay – I’ll be leaving Friday for a
week
[09:46 am] apple : what’s
another week?…
[09:46 am] lisas :
It would be good to record it for future room
members also
[09:46 am] elisha :
ditto
[09:46 am] cowboyh : I can
vist kids for you Lisas I’m allready
here
[09:46 am] apple : haha, good
one cowboy
[09:46 am] lisas : funny
cowboy
[09:46 am] lisas : ones in
San Diego, other in Monterey, where are
u
[09:46 am] apple : up and down
lisa
[09:47 am] lisas : Mitch is a
glutton for punishment
[09:47 am]
apple : nice places, tho
[09:47 am]
lisas : but he loves us
[09:47 am]
apple : yeah…
[09:47 am]
cowboyh : Monterys OK San Diego will
have to wait until next week
[09:48 am]
lisas : Yeah, I saw that signal just
before you closed it. What size stop do you
use on gold futures?
[09:49 am]
lisas : and the password
is????
[09:49 am] apple : lisa, you
are pistol
[09:49 am] qwert :
hahaha
[09:49 am] lisas : You can
tell i’m not in any trades:)
[09:49 am]
joeytsa : when lisa is quiet, she is in
trade-mode
[09:50 am] qwert : same
here lisa
[09:51 am] lisas : I do
have a small long for KORS, stop at b/e
though, so just leaving until eod
[09:51
am] qwert : gc lower highs and
lows
[09:51 am] apple : right
qwert
[09:52 am] Ed : i met 1 trader, he
talks whole time, if in a trade or
not
[09:52 am] joeytsa : plus you
have the ATM strategy you can use
[09:52
am] lisas : with futures we’ll have to
pay more attention to news releases
[09:52
am] qwert : in that case would you
consider short to stay with overall
trend
[09:52 am] Ed : right lisa, very
sensitive to news
[09:52 am] joeytsa
: news/reports etc
[09:53 am] apple
: right MK, it smoothes out the
noise
[09:53 am] qwert : this am i
was in a sim Cl trade and got 57 tics when
job number came out very lucky
[09:54 am]
apple : nice one qwert
[09:54 am] Ed
: another storm coming next week for east
coast
[09:54 am] lisas : yeah, cl
can have huge slippage during news
event
[09:54 am] Ed : nice qwert
[09:54
am] qwert : yeah but was very
lucky
[09:54 am] apple : E – thx a
lot!
[09:54 am] joeytsa : nice
qwert, ES is the same way
[09:54 am]
joeytsa : would assume the YM and
others are also
[09:55 am] Ed : will
mainly be mid atlantic region
[09:55 am]
qwert : got like an extra 20 tics
higher than my target was
[09:55 am]
joeytsa : yeah Ed, noreaster
[09:56
am] apple : just saw a headline “man
sued his wife for birthing ugly baby”
lol
[09:56 am] joeytsa : on news,
you can always keep your stop in place but
cancel your target
[09:56 am]
cowboyh : Sounds like hollywood
apple
[09:56 am] joeytsa : if it
shoots in your direction, either put in a
target or just drag your stop up
[09:56
am] khall : Thanks Ed
[09:57 am] Ed
: so as advancer could get nice bounce, or if
they are taken out will be quick fast
drop
[09:58 am] apple : right
joey
[09:58 am] joeytsa : Ed: do you
ever bracket something like that?
[09:59
am] lisas : lunch time, later
all
[09:59 am] reshef :
MDC
[09:59 am] Ed : i have not in futures
I just see how action palys out
[10:00 am]
joeytsa : oh ok, just
wondered
[10:00 am] Ed : but most time Im
prepared to act fast
[10:00 am]
joeytsa : yeah, im a bit too slow
sometimes
[10:01 am] Ed : but it can offer
appetite for all
[10:01 am] reshef :
DO
[10:04 am] Ed : yea qwert u been able
to sell the highs on GC 12-12
[10:04 am]
joeytsa : if anyone is around at
2:28PDT, on NBC sports, we have a horse
running in the $1M Breeders Cup
Juvenile Filly Turf race
[10:05 am]
joeytsa : #2 Summer of Fun ,
bunch of great races today and
tomorrow
[10:05 am] Ed : so thats like
5:28 my time
[10:05 am] reshef :
OIS
[10:05 am] joeytsa :
yeah
[10:05 am] qwert : today
Joey
[10:05 am] Ed : cool we get to see
where that 48k per year goes
[10:05 am]
joeytsa : im not invested in this one
though
[10:05 am] shawn : good luck
Joeytsa
[10:06 am] Ed : will call peta, u
dont feed the hors
[10:06 am]
joeytsa : $30K just to enter her,
winners share is $600K
[10:06 am]
khall : good luck joey – I hope she
does well
[10:06 am] shawn : you
feed the horse and not the Jockey
[10:06
am] qwert : that probably covers about
a monthes expenses Ed
[10:06 am]
joeytsa : top jockey aboard today
also
[10:07 am] shawn : thats why
they call it the sport of kings, you need to
have and oil well in your back yard
[10:07
am] joeytsa : dont recommend investing
in a horse though haha
[10:08 am]
doji : Invest in a Donkey…
hahaha
[10:09 am] joeytsa : already
married hahahaha
[10:09 am]
doji : lol
[10:09 am] joeytsa
: does anyone using TS ever get a “data
failed” when changing symbols on a
chart?
[10:10 am] ticktrader : I do
get that message, but if I reenter the symbol
the error goes away
[10:10 am]
joeytsa : it loads up my
matrix,2min,t/s etc but not my 1min
chart
[10:11 am] ticktrader : Yes,
it has happened, but the error does not last
long
[10:11 am] joeytsa : thx, i
just type in another symbol and it
loads
[10:13 am] joeytsa : nice one
on MDVN..good call
[10:13 am] apple
: yes joey a lot actuall, sometimes it’s with
the timeframe
[10:14 am] joeytsa :
oh ok, wasnt sure if it was just my
issue..never saw anyone here ask about it or
complain etc?
[10:14 am] joeytsa :
everything but the 1min loads
[10:15 am]
joeytsa : and only occasionally, not
everytime i switch symbols
[10:15 am]
doji : APPL
[10:15 am] joeytsa
: lod on AAPL
[10:15 am] reshef :
ATHN
[10:16 am] doji : I was waiting
for this short… dand I cannot
trade
[10:17 am] joeytsa : still
having TOS issues doji?
[10:19 am]
doji : Yes, they said it is the
connectivy between TOS and TDA
[10:20 am]
doji : They will “upgrade” my platform
to an enhance version they said is only
available to certain customers….
[10:20
am] doji : hahah and my name is Kahn
for sure
[10:20 am] joeytsa : just
as long as you can trade again
[10:20 am]
Ed : u finally told them who u are
[10:21
am] doji : hahah
[10:21 am] Ed : an
opec minister
[10:22 am] doji : you
know yesterday I place an order for 10,000
shares of RDN at the open and was filled only
6,500 even though the price was below my
entry order
[10:22 am] doji : they
said the NYSE only opnened at
9:32:04
[10:22 am] doji : and
therefore my order was not fully
filled
[10:23 am] doji : Can that
happen?
[10:23 am] joeytsa : sounds
like it did
[10:23 am] doji : They
said every stocks open at different
times
[10:23 am] Ed : thats common for
nyse
[10:23 am] joeytsa : NYSE
stocks can
[10:24 am] joeytsa :
Nasdaq opens right on the bell
[10:24 am]
doji : do you where I can find out at
waht time every stocks open at the
NYSE?
[10:24 am] doji :
know
[10:24 am] doji : at the NYSE
site?
[10:24 am] joeytsa : not sure
anymore, but it used to be up to the
specialist
[10:24 am] joeytsa :
thats why i used to only trade gaps on Nasdaq
stocks
[10:25 am] joeytsa : used to
happen moreso due to an imbalance of
orders
[10:26 am] joeytsa : not sure
if thats still the case though doji
[10:27
am] joeytsa : nice catch Ed
[10:27
am] joeytsa : daily close to one
also
[10:28 am] joeytsa : see if the
200ema holds
[10:28 am] Ed : those 2
ousted started day 1 with steve
jobs
[10:29 am] doji : Thanks
Joey
[10:29 am] joeytsa : ES to test
pp again
[10:33 am] joeytsa : lunch
time , see you all in 30
[10:35 am]
ticktrader : Ed- Can you explain the
Commodity channel index around 12:43 versus
the price. Price keeps dropping and CCI is
increasing. Why?
[10:35 am] Ed : did not
mention the 1670 level on GC 12-12 bcuz thats
very obvious
[10:36 am] Ed : meant to take
it off tick, i use to use it when trading
futures
[10:37 am] reshef : ED, wHAT
YOU SHOW ON THE CHART, THE
REVERSAL?
[10:37 am] ticktrader : So
use only Stochastic with stocks?
[10:37
am] reshef : 69.60
[10:37 am] Ed :
No I trade price action, I use to use
stochastics, have not last 2 years
[10:38
am] Ed : yes reshef, DO is showing a
reversal
[10:38 am] Ed : I keep the
stochastics up on chart on right because many
still use it
[10:42 am] qwert :
Watching SKUL
[10:45 am] murano :
CRUS
[10:47 am] eyes : CRUS bear cup
15
[10:48 am] Ed : good eye eyes
[10:50
am] doji : 35.4 was the level to look
at
[10:51 am] doji : 31,5 level for
support
[10:53 am] lisas : so doji,
if market closes down, challenger
wins?
[10:55 am] qwert : thx
mk
[10:56 am] ticktrader : Ed is
always going with the trend. I need to change
my mindset.
[10:56 am] reshef :
fosl
[11:00 am] qwert : Ed are you
short CRUS
[11:00 am] Ed : yes
[11:01
am] qwert : what price or
time
[11:02 am] Ed : 34.01
[11:02 am]
qwert : nice
[11:02 am] Ed : waited
for bounce close to resistance
[11:02 am]
qwert : whats your tgt
[11:03 am] Ed
: I covered 3/4 on that drop
[11:03 am] Ed
: will trail last 1/4
[11:03 am] Ed : u
recall the oil spill in bottom of
ocean?
[11:03 am] Ed : thats my
target
[11:03 am] qwert :
hahaha
[11:04 am] joeytsa : did news
hit?
[11:04 am] Ed : lol
[11:04 am]
joeytsa : everytime i go to lunch a
nice move hits
[11:04 am] Ed : im trailing
last 1/4 behind the 20 sma
[11:04 am]
qwert : thx
[11:05 am] Ed : i think
of craziest things at times
[11:05 am] Ed
: was good eye by murano and eyes
[11:07
am] joeytsa : looked like AAPL just
stepping down $1 at a time
[11:09 am] Ed :
yes, that trend says down down down
[11:09
am] Ed : that bear cup was nice
also
[11:10 am] joeytsa : VRTX
moving again
[11:11 am] joeytsa :
did something newswise cause that SPY
selloff?
[11:12 am] eyes : would you
short here
[11:12 am] Ed : its like it was
tight range and dropped, lack of buyers, dont
really see any news
[11:13 am] Ed : i dont
play those eyes, may want to ask
joey
[11:13 am] joeytsa : decent
move for no news though, just
wondered
[11:13 am] joeytsa : on
VRTX eyes??
[11:14 am] eyes : ya i
didnt play it wanted more vol
[11:14 am]
joeytsa : im looking to see if support
holds and gets another upmove
[11:14 am]
joeytsa : i missed that 1st
move
[11:14 am] qwert : 44.50 area
joey?
[11:15 am] joeytsa : been on
an uptrend since that bottom just after the
open
[11:15 am] joeytsa : but has
res at 45 and 46
[11:15 am] joeytsa
: i have a line here at 44.77 qwert
[11:15
am] qwert : okay thx
[11:16 am]
joeytsa : my TS pp’s are a bit
different than the ones i used on
esig
[11:16 am] joeytsa : looks like
they re-set once the trading day
starts
[11:16 am] joeytsa : so its
likes i have 2 sets..does that make
sense?
[11:17 am] joeytsa : ALXN a
dog all month of oct
[11:18 am]
joeytsa : daily chart gave nice short
signal on that lower high…best reason to
study daily charts esp if you swing
trade
[11:18 am] joeytsa : that
lower high was 10/18 on ALXN
[11:19 am]
joeytsa : 25pts in the money so
far
[11:19 am] aussie123 : Joey
…ran into that before..sometimes they use
after hours & pre market
[11:19
am] joeytsa : yeah, and if you scroll
back you can see both
[11:19 am]
joeytsa : its really throws me off
right on the open, cant see the price..have
to look at the matrix
[11:20 am]
aussie123 : to set daily
pivots
[11:20 am] joeytsa : wonder
if there is a way to only have yesterdays
info? But the todays ones also
work
[11:21 am] joeytsa : qwert:
nice call on that 44.50 pullback..hit
44.51 🙂
[11:22 am] qwert :
:))
[11:22 am] joeytsa : ES cons
here
[11:22 am] joeytsa : support @
1415, res @ 1417, 1418
[11:22 am]
lisas : taking off, have a great
weekend all!
[11:22 am] qwert : bye
lisa
[11:22 am] joeytsa : pivot is
at 1419
[11:23 am] joeytsa : bye
lisa lisa
[11:23 am] joeytsa : bombs
away on AAPL
[11:23 am] shark : SSYS
testing lod 4th time
[11:24 am]
joeytsa : thx shark, $61 looks
important huh
[11:24 am] shark :
yeah, watch for poss break on vol
[11:26
am] joeytsa : another bear cup
formation also
[11:26 am] murano :
BMRN
[11:27 am] eyes : BMRN bull Cup
15
[11:27 am] shark : nice
murano
[11:29 am] joeytsa : tighten
AAPL if short
[11:29 am] joeytsa :
still weak
[11:30 am] shark : AAPL
below 200day now
[11:30 am] joeytsa
: doji will be mad, he has been waiting for
this short on AAPL
[11:30 am] shark
: yeah..
[11:31 am] shark : SSYS new
lod
[11:32 am] shark : DDD
too
[11:32 am] joeytsa : SSYS, now
$60 has to hold
[11:33 am] joeytsa :
loss there, maybe get $1-2 move?
[11:33
am] joeytsa : CLR lod
[11:33 am]
joeytsa : nice Ed
[11:34 am]
shark : nice line in sand, Ed
[11:37
am] joeytsa : market feels very heavy
to me
[11:37 am] shark : SPY new
lod
[11:37 am] shark : stop doing
pushups with your computer, joey
[11:37
am] joeytsa : haha
[11:38 am]
shark : 😉
[11:38 am] shark :
or benchpress….
[11:38 am] joeytsa
: it is chest day..how did you know
[11:38
am] shark : 33% chance of being
right
[11:39 am] joeytsa : 20 sets
coming up 🙂
[11:39 am]
joeytsa : ES at S1
[11:39 am]
shark : SPY testing S1
[11:39 am]
shark : AAPL taking the whole eco
system with it
[11:40 am] joeytsa :
AAPL IS the eco-system 🙂
[11:40 am]
qwert : ALXN near low
[11:40 am]
shark : must have that name patented,
too
[11:40 am] shark : AND
trademarked
[11:42 am] qwert :
another drop in CRUS
[11:42 am]
joeytsa : over 20pt drop on the ES from
the highs
[11:43 am] joeytsa :
GS/AAPL/ES all got green candles at same
time
[11:43 am] Ed : machines are
good
[11:44 am] Ed : or is it the people
that turn them on
[11:44 am] joeytsa
: ya think haha
[11:44 am]
joeytsa : BIDU lod
[11:45 am]
shark : nice job, Ed
[11:45 am]
shark : CRUS
[11:45 am] Ed :
thx
[11:46 am] joeytsa : crude
closed below $85
[11:46 am] joeytsa
: that darn Bush, he’s always trying to lower
the price of oil…oh wait 🙂
[11:47 am]
shark : CRUS new lod
[11:48 am]
shark : AAPL testing lod
[11:50 am]
joeytsa : heading into the weekend,
greek.com has the presidential betting line
at $380-$100 democrats
[11:50 am]
joeytsa : AAPL db bot on pos
div
[11:50 am] shark : are there
odds in Vegas, joey?
[11:50 am]
joeytsa : not sure
[11:51 am]
qwert : Ed are you short ALXN
[11:51
am] Ed : yes
[11:51 am] joeytsa :
most betting places are limiting max bets,
greek.com accepting much higher
levels
[11:52 am] Ed : i waited to see how
action was, kept getting rejected higher
prices so took small short with tight stop on
risking .07
[11:52 am] eyes : take
care everyone have a awesome
weekend
[11:52 am] joeytsa : perfect
trading Ed
[11:52 am] joeytsa : bye
eyes
[11:52 am] shark : bye
eyes
[11:52 am] qwert : arte you
short at 89.20 area
[11:52 am] Ed :
89.21
[11:53 am] Ed : stop 89.28
[11:53
am] qwert : is your stop just over
20sma on 1 min
[11:53 am] qwert :
thx
[11:54 am] joeytsa : did anyone
take taht ALXN short from that lower high
near $89.80?
[11:54 am] Ed : i used .01
above wick that was rejected
[11:54 am]
reshef : Ed, I see most you are trade
on the trand?
[11:54 am] Ed : it either
works or it doesnot
[11:54 am]
joeytsa : nice Ed, i probably would
have used 89.32ish..depending on what my
target would have been
[11:54 am] Ed : I
trade with trend and againest it
reshef
[11:55 am] Ed : but many trades
today the big money has been with
trend
[11:55 am] reshef :
thanks
[11:56 am] joeytsa : hard to
fight a strong trend
[11:56 am]
joeytsa : good time to play
whack-a-mole on those
[11:56 am] Ed :
thats good area too, joey, i just played this
one tight
[11:56 am] joeytsa : just
eyeballed with the horizontal lines
[11:57
am] joeytsa : i didnt take that one
though, in hindsight, i guess my target would
have been $89, giving approx 2:1
r/r
[11:57 am] Ed : I already took 3/4
off, when did not get nice downside
momentum
[11:58 am] joeytsa : more
realistic target would be $89.02 or .03, for
a quick scalp and getting out with momentum
before the rd #
[11:58 am] Ed : it is
funny though when ur 1/4 makes more than ur
3/4
[11:58 am] Ed : right
[11:58 am]
joeytsa : haha
[11:59 am]
joeytsa : im 99% all in and all
out
[11:59 am] Ed : and no vol came
in
[11:59 am] Ed : Im all out
[11:59
am] joeytsa : cant remember that last
time i scaled in or out
[11:59 am]
joeytsa : need to work on adding to
winners
[12:00 pm] Ed : i do it at
times
[12:00 pm] Ed : on fast movers Im
all in all out 100%
[12:00 pm]
joeytsa : definately..sometimes so fast
im
[12:00 pm] joeytsa :
none-in haha
[12:00 pm] doji :
Me neither… and as one of my old
girlfriends told me once, it’s all or
nothing… hahah
[12:00 pm] Ed :
lol
[12:01 pm] joeytsa : nice top of
the hour move
[12:01 pm] joeytsa :
always have to pay attention to top of the
hour…its like traders wake up or
something
[12:02 pm] joeytsa :
watching AAPL here
[12:02 pm] shark
: on your AAPL TV?
[12:03 pm] jsn13
: Ed, did u short CRUS again?
[12:03 pm]
joeytsa : not that high-tech
yet
[12:03 pm] Ed : no
[12:03 pm] Ed :
i moved on
[12:03 pm] shark : oh,
that’s right, it’s going to be another
appless tv year, hasn’t come out,
yet
[12:04 pm] joeytsa : i only have
basic cable..no movies,satellite
etc
[12:04 pm] jsn13 : but was there
a valid short entry at 3pm est bar?
[12:04
pm] jsn13 : or is the odds much lower
after such huge drop today?
[12:04 pm]
joeytsa : looked like a decent signal
jsn
[12:05 pm] shark : NFLX is good,
joey. Only 8.99/mo
[12:05 pm]
joeytsa : i dont watch much
tv
[12:05 pm] shark : probably
better…
[12:05 pm] joeytsa : 3
weekly shows, some horse races, some
football thats it
[12:05 pm]
shark : 🙂
[12:05 pm] joeytsa
: and cnbc during trading
[12:08 pm]
joeytsa : tighten AAPL here if
long
[12:09 pm] joeytsa : didnt take
that long on ALXN
[12:10 pm] joeytsa
: CF lost $200
[12:11 pm] joeytsa :
the level, not that much today 🙂
[12:11
pm] joeytsa : another chart with lower
highs ( whack-a-mole ) 🙂
[12:15 pm]
shark : have the presidential
candidates shaken all 330m hands
yet?
[12:15 pm] skydiver : I think
twice shark
[12:15 pm] shark :
lol
[12:15 pm] skydiver :
🙂
[12:16 pm] joeytsa : not sure
either one really wants this job
[12:16
pm] joeytsa : not sure this debt issue
can be controlled
[12:17 pm]
skydiver : do we have time to do a
write in? Joey for president
🙂
[12:17 pm] shark : Hyundai, Kia
to pay owners for overstated mpg
[12:17
pm] shark : JOEY for pres…
🙂
[12:17 pm] joeytsa : i was going
to run a facebook campaign
[12:17 pm]
joeytsa : no wasted money on
trips,donations etc
[12:17 pm] shark
: and you can work at home
[12:17 pm]
skydiver : all the more reason to vote
for Joey 🙂
[12:17 pm] shark : rent
out the white house
[12:18 pm] shark
: I’ll find a good tenant
[12:18 pm]
joeytsa : hire the best people for
advice
[12:19 pm] aussie123 : need a
CFO???
[12:19 pm] shark : it’s
called Vice Prez, aussie..
[12:19 pm]
shark : you have to live in
USA
[12:20 pm] joeytsa : tough job,
0bama has really aged these past 4
yrs
[12:20 pm] aussie123 : You can
have the VICE…I will han
[12:20 pm]
skydiver : yeah, it’s always amazing to
see the various presidents age so very fast
while in office
[12:20 pm] aussie123
: handle the money
[12:21 pm] shark
: there is no money, USA broke
[12:21 pm]
shark : just IOU’s
[12:21 pm]
aussie123 : Print more
[12:21 pm]
joeytsa : if the US$ loses its status
as the worlds reserve currency..things will
get really tough
[12:22 pm] skydiver
: BTH
[12:22 pm] aussie123 : British
sterling went that way guys
[12:22 pm]
joeytsa : 31 states face budget
shortfall for 2013
[12:22 pm]
joeytsa : states cant print $
[12:22
pm] shark : only 31? wow
[12:22 pm]
reshef : bth
[12:23 pm] shark
: nice sky, BTH
[12:23 pm] skydiver
: 🙂
[12:23 pm] joeytsa : countries
already working to stop trading in
US$
[12:23 pm] joeytsa : AAPL coming
in to test $580 again
[12:26 pm]
shark : only 1/2% bounce on AAPL, was
small
[12:26 pm] shark : new
lod
[12:26 pm] shark : on
vol
[12:27 pm] skydiver :
🙂
[12:28 pm] joeytsa : sky: did you
short it?
[12:28 pm] skydiver : nope
— just caught it on my scanner and threw it
out
[12:29 pm] joeytsa : still nice
call, i was focused on AAPL
[12:29 pm]
skydiver : thnx Mitch
[12:29 pm]
joeytsa : one heck of a range breakdown
on BTH though
[12:30 pm] Ed : that was a
gift
[12:30 pm] joeytsa :
icky-shuffle before the fall
haha
[12:30 pm] Ed : yea 🙂
[12:30 pm]
jsn13 : where did u shor it ed? may i
know the entry time and price?
[12:31 pm]
joeytsa : mm’s hitting orders
possibly
[12:31 pm] skydiver : l BTH
19.36
[12:31 pm] Ed : 3:24 est
[12:31
pm] Ed : 20.31
[12:31 pm] joeytsa :
1410 trying to hold on ES
[12:32 pm]
jsn13 : did u take the long?
[12:32
pm] Ed : that was short
[12:32 pm] Ed : u
asked where did i take short
[12:32 pm]
doji : BTH still weak
[12:32 pm]
jsn13 : yes….my next question is do u
take it long after the short?
[12:32 pm]
Ed : no did not take long
[12:32 pm]
jsn13 : ok thanks….
[12:32 pm] Ed
: i moved on
[12:33 pm] Ed : i replaced
the chart on my system
[12:33 pm] Ed : u
moved really fast for me jsn, u know im slow
and confused
[12:33 pm] joeytsa :
tighten AAPL is short
[12:33 pm]
doji : Sky, I am seeing your entries
have lagged a little bit since this
morning….
[12:33 pm] qwert : no
shares at lightspeed on BTH for
short
[12:33 pm] jsn13 : so u did
not wait till the break of lod? or else u
wont get 20.3 entry…
[12:34 pm]
skydiver : yeah doji . . . I am slow
thinker today . . need more coffee
[12:34
pm] shark : DOJIIIIII
[12:34 pm]
jsn13 : im slower than u
ed…
[12:34 pm] shark : did you
grab AAPL s?
[12:34 pm] qwert : joey
is your data from esignal a little wierd
today?
[12:34 pm] doji : You are
good Sky…
[12:34 pm] doji :
Shark!
[12:34 pm] joeytsa : not
using esig anymore
[12:34 pm]
joeytsa : only lightspeed and
tradestation for stocks
[12:34 pm] Ed :
did not wait, markets weak, stock got
rejected big time by 21, so took short based
on that expecting close test of lod, i got
lot more
[12:34 pm] doji : No Shark,
having issues with TOS since midday… I have
just been watching
[12:34 pm]
joeytsa : sometimes schwab for other
charts
[12:35 pm] qwert : okay mine
seems to be off today been getting some
gaps
[12:35 pm] shark : oh
man…
[12:35 pm] jsn13 : where was
ur stop?
[12:35 pm] joeytsa : yeah,
Ed showed a gap on an esig chart
earlier
[12:35 pm] shark :
+.60/share on BTH 🙂
[12:35 pm]
qwert : yeah ive been getting some but
only on my 1 min chart
[12:35 pm] Ed :
20.67 was my stop
[12:36 pm] joeytsa
: nice play on BTH
[12:36 pm]
skydiver : sold 3/4 BTH L
19.91
[12:36 pm] qwert : dang it
stop to tight on aapl short
[12:36 pm]
jsn13 : u r using wide stop?
[12:36
pm] joeytsa : have to use a wider stop
on stocks like AAPL
[12:36 pm] Mitch K:
anyone long BTH
[12:36 pm] skydiver
: yes Mitch – last piece
[12:36 pm]
shark : I’m all out
[12:36 pm]
joeytsa : $1 moves on AAPL quick and
regular
[12:36 pm] Mitch K: no sell signal
yet
[12:37 pm] cowboyh : all
out
[12:37 pm] joeytsa : BTH needs
to push over $20
[12:37 pm] doji :
BTH safe entry would have been 19
[12:37
pm] skydiver : ok . . . I’m holding
onto my last 1/4 piece on BTH . . . see
what happens
[12:37 pm] shark :
lightning! lightning! lightning!
[12:37
pm] joeytsa : right doji, and $19.20
area if you missed that
[12:37 pm]
doji : What was your stop Sky? Below
18.69?
[12:38 pm] joeytsa : bounced
up pulled back and held the 5ma
[12:38 pm]
Ed : nice call on the long of BTH
Mitch
[12:38 pm] doji : and exit at
3:51 or the next candle would have taken your
stop Joey
[12:39 pm] joeytsa :
3:51??
[12:39 pm] skydiver : yes —
thnx Mitch for that long call on BTH
🙂
[12:39 pm] doji : 3:32PM
Joey….
[12:39 pm] qwert :
ssys
[12:40 pm] joeytsa : late entry
was 3:33pm bar
[12:40 pm] doji :
APPL have lost over $20 today
[12:40 pm]
Ed : it was not a wide stop 4me jsn
[12:41
pm] doji : Watch CRUS on Monday…
around $31.5
[12:41 pm] jsn13 : ok i
see….thanks….
[12:41 pm] joeytsa
: for me, stops depend on my target
[12:41
pm] Ed : either way stock was going to move
big
[12:42 pm] jsn13 : bigger mover,
bigger stop….
[12:42 pm] Ed : in context
of ur trade
[12:42 pm] jsn13 : as
long as has nice r:r ratio
[12:42 pm]
doji : Long APPL 576.8 (virtual
entry)
[12:42 pm] jsn13 : ok
understand….just wanna have some
reference….
[12:42 pm] joeytsa :
you probably want an absolute minimum of
2:1
[12:43 pm] jsn13 : ya joey thats
my built in…
[12:43 pm] jsn13 : i
wont even talk about a trade that has less
than 2:1 r:r ratio….
[12:43 pm]
jsn13 : haha…
[12:43 pm]
joeytsa : i like 4:1, but i also like
my maids to look like jessica alba..doesnt
always happen haha
[12:43 pm]
cowboyh : Have a good weekend everyone,
Obama week next either yea or nea
[12:43
pm] Ed : i risked about .36 for
1.37
[12:44 pm] joeytsa : great one
Ed 7:2 odds
[12:44 pm] jsn13 :
do u anticipate that 1.37?
[12:44 pm]
qwert : nice ed
[12:44 pm]
doji : APPL could bounce back to
$580
[12:44 pm] Ed : based on range of
stock yes, new would get big move was not
sure of which way
[12:44 pm] joeytsa
: quick traders can, i just
eyeball
[12:45 pm] jsn13 : cos my
1st perceived potential support would have
been at 20….
[12:45 pm] joeytsa :
BTH i saw $20 as a target, but $21 was also
realistic
[12:45 pm] joeytsa : im
talking long from $19 area..sorry
[12:46
pm] joeytsa : $20 is a rd# + a decade
#…
[12:46 pm] jsn13 : but when the
stock is weak, i should not have used 20 as
potential support for that
short….
[12:46 pm] Ed : if stock was not
mover, i would have never touched
it
[12:46 pm] joeytsa : $21 is
approx 50% retracement
[12:47 pm]
jsn13 : so for u ed, u wont really care
bout that 20 potential support when u shorted
at 20.31?
[12:47 pm] Ed : but the way
sellers were dumping that stock potential
support becomes like butter
[12:47 pm]
joeytsa : decades/century #’s: i used
to use those for swing trades
[12:47 pm]
joeytsa : old saying : there is
no support on a falling stock
[12:48 pm]
Ed : always consistent in ur approach
jsn,
[12:48 pm] Ed : but flexible as
well
[12:48 pm] jsn13 : ok
understand…and the nicest thing is that it
was a new 52weeks low so no obvious support
on daily…at least for this
year….
[12:48 pm] joeytsa : there
was a time you could buy just about any stock
when it got to $97, because of the $100
magnet
[12:48 pm] jsn13 : yes im
learning to be flexible by observing how all
of u trade….
[12:48 pm] skydiver :
moving stop up on BT L
[12:48 pm]
skydiver : BTH – sorry
[12:49 pm]
shark : Ed, what was the name of that
technical tradinng book we spoke about last
week?
[12:49 pm] jsn13 : joey, if
possible next time, i would like to see ur
entry prices…..i learning by observing and
having reference…
[12:49 pm]
skydiver : all out of BTH L
10.01
[12:49 pm] Ed : my though on BTH jsn
was since it looked weak at that time, short
it where i did, and reverse for the long, but
the short paid huuge dividends
[12:49 pm]
skydiver : 20.01
[12:50 pm] Ed : its
by john murphy
[12:50 pm] Ed : i forget
the title
[12:50 pm] joeytsa : jsn:
will try, i didnt trade BTH, was following
along with those who did
[12:50 pm]
shark : Technical Analysis of the
Financial Markets?
[12:50 pm] Ed : thats
it
[12:50 pm] joeytsa :
yes
[12:50 pm] shark : thx
🙂
[12:51 pm] jsn13 : i would like
to see what do u mean by higher low
entries….at what point would they qualify
as higher low….at least for u….
[12:51
pm] Ed : is taco here
[12:51 pm]
shark : he probably went to get a
burrito
[12:51 pm] doji : I didn’t
realized how bad BTH was dumped… Ed. you
are right, the short paid play was the
best
[12:51 pm] jsn13 : joey, cos u
told me u always go long on higher lows for
bounce play…
[12:52 pm] Ed : right doji,
the dumped it big time
[12:52 pm]
joeytsa : thats something i do look
at
[12:52 pm] joeytsa : i like longs
on higher lows or dbl bottoms with
positive divergence
[12:53 pm]
skydiver : well, for a Friday and for
about 3 hours of work — I’ll take the $1664
profit as a nice ending of the week for me
🙂
[12:53 pm] ticktrader : shark:
tacos and burritos are making me
hungry
[12:53 pm] jsn13 : ed and
joey thanks for ur inputs…..u guys r my
role models…
[12:53 pm] Ed : taco must
not be here but especially for anyone that
played sports, there are other examples, u
get into a zone and ur reacting to all u see,
ur not thinking about, and it allows u to
flow freely and be flexible
[12:53 pm]
joeytsa : they dont always work out,
but the higher low is basically a
re-test
[12:53 pm] taco :
)
[12:53 pm] joeytsa : right
Ed
[12:53 pm] Ed : this is when ur at ur
optimal, and for trading thats where u want
to be
[12:53 pm] shark :
😉
[12:54 pm] skydiver : thnx Ed —
good teaching
[12:54 pm] joeytsa :
you can make a nice living just focusing on 1
pattern also
[12:54 pm] jsn13 : Ed,
r u gonna hold a training 2mr?
[12:54 pm]
shark : then you get bored, and want
more patterns
[12:54 pm] jsn13 : i
mean training session….
[12:54 pm] Ed :
driving is the same, u see a kid run in front
of the car, without thinking u hit the
brakes
[12:54 pm] joeytsa : right
shark, you can buy higher lows in an
uptrend, short lower highs in a downtrend
etc
[12:55 pm] shark : SSYS new
lod
[12:55 pm] Ed : ur reacting
[12:55
pm] joeytsa : or hit the kid and take
his halloween candy 🙂
[12:55 pm]
jsn13 : but before that that u need to
learn the right way 1st…with the irght
system….
[12:55 pm] skydiver :
right on jsn13
[12:55 pm] Ed : but that
part is not that hard
[12:55 pm] Ed : the
hard part is getting out of our own
way
[12:55 pm] jsn13 : if not, u
will have wrong reflexes…
[12:55 pm]
joeytsa : much easier to have 1 setup
to look for
[12:56 pm] shark : PCLN
finishing at lod
[12:56 pm] Ed : thats why
Mitch always talks about learn and stick to 1
technique until ur really good at
it
[12:56 pm] joeytsa :
exactly
[12:56 pm] shark : like in
sports, get good at 1 position, play it over
and over again
[12:56 pm] Ed : like joey
is saying thats all u need, 1 strategy to
make alot of money
[12:56 pm] Ed : right
shark
[12:57 pm] joeytsa : just like
running a pizza shop
[12:57 pm] Ed : many
of us try to play all positions and we are
subpar at all
[12:57 pm] jsn13 : Ed,
do we have a training session 2mr?
[12:57
pm] joeytsa : dont try to also offer
dry cleaning 😉
[12:57 pm] Ed : no, will
let u knw when i do next one
[12:57 pm]
shark : what about salads?
[12:57
pm] jsn13 : ok thanks ed…..
[12:58
pm] Ed : whats the old saying, jack of all
trades master of ……?
[12:58 pm]
joeytsa : Thank you Mitch,Ed,
everyone..hope you have a great day
[12:58
pm] Ed : c ya joey
[12:58 pm] shark
: thx joey! bye
[12:58 pm] taco :
ditto, c ya joey
[12:58 pm] jsn13 :
over the time, i realised that learning
multiple strategies help me to be alot more
flexible…even though i focus primarily on
reversals…
[12:58 pm] Ed : jack of all
trades master of none
[12:59 pm] Ed : but
it so easy to be flexible with 1
strategy
[12:59 pm] jsn13 : as i
learn more about breakouts, gappers, my
reversal strategy improve by
alot…
[12:59 pm] Ed : get really good
then move to net
[12:59 pm]
ticktrader : Jsn, I am new and I focus
on reversal but lately I have started
following the trend
[01:00 pm] Ed : trend
is really great for new traders starting
off
[01:00 pm] jsn13 : Ed, I must
thank u in demonstrating to us what is the
right thing to do….
[01:00 pm]
shark : rules, rules, rules
[01:01
pm] jsn13 : by knowing ur entries and
exits, i became a better driver….
[01:01
pm] Ed : we try to help as much as possible,
and thx for reminder when we get off
track
[01:01 pm] shark :
🙂
[01:01 pm] ticktrader : I concur
with Jsn. Thank you Ed.
[01:01 pm]
elisha : Me too, thank you Ed
[01:02
pm] Ed : thank you also, its not 1 way, you
all help make and keep me stronger
[01:02
pm] qwert : goodnight everybody
have a great weekend
[01:02 pm]
ticktrader : Have a wonderful
weekend.
[01:03 pm] qwert : send
profits to qwert
[01:03 pm] jsn13 :
i learn by looking at examples…..although
we might have different style, looking at ur
entries and exits just make things so much
clearer…like when u have the highest
probabilities even when u r fighting the
trend…
[01:03 pm] elisha : net or
gross?
[01:03 pm] dmitry : Have a
great weekend everyone!
[01:03 pm]
jsn13 : thank u guys and have a great
weekend….
[01:04 pm] elisha : GN
Mitch, Ed and all
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