[06:12 am] Mitch K: Natural Gas moving down
pretty hard last 20 min, should cycle well
today
[06:17 am] Ed : good
morning
[06:17 am] Ed : TRIP is halted and
will resume trading 9:45est
[06:30 am]
Mitch K: watching CELG for top, may trend for
awhile
[06:31 am] Mitch K: watching MNST
for top
[06:32 am] Mitch K: watching SPW
for bottom, trades both ways
[06:33 am]
Mitch K: watcing PL for top,
[06:33 am]
Mitch K: watching BEAM for top
[06:33 am]
Mitch K: watching URBN for trades both
ways
[06:34 am] Mitch K: watching CAR for
bottom
[06:34 am] Mitch K: watching DG for
b ottom, already bouncing
[06:34 am] Mitch
K: watching CASY for top
[06:35 am] Mitch
K: watching GDI for trades, more
downside
[06:35 am] Mitch K: watching JAZZ
for bottom
[06:36 am] Mitch K: watching
CTRX for bottom
[06:37 am] Mitch K:
watching KMT for bottom
[06:37 am] Mitch
K: watching BEAM closer
[06:37 am] Mitch
K: CASY toppyt
[06:37 am] Mitch K:
watching MELI for top
[06:37 am] Mitch K:
watching EXPE for top
[06:37 am] Mitch K:
monitoring WLT
[06:38 am] Mitch K:
monitoring GS
[06:39 am] Ed : Advanced
trade on MNST look for breakout of range in
either direction with strong vol
[06:40
am] Mitch K: watching HCA for short on top of
bounce
[06:41 am] Mitch K: monitoring
BTU
[06:41 am] Mitch K: watching PCYC for
top
[06:42 am] Ed : on PLXS would like
more selling vol before attempting
long
[06:42 am] Ed : PLXS
monitoring
[06:44 am] Mitch K: watching
GILD for top
[06:44 am] Ed : TRIP will
resume trading in 1minute
[06:45 am] Mitch
K: watching RKUS for bottom
[06:45 am]
Mitch K: HCA toppy
[06:45 am] Mitch K:
watching TRIP for trades both ways
[06:46
am] Ed : if u took PLXS long would reduce
some
[06:46 am] Ed : TRIP halted again due
to volatility
[06:47 am] Ed : I did not
take it long though it gave signal for
buy
[06:48 am] Mitch K: MDVN
toppy
[06:49 am] Ed : If u shorted MNST
breakind down from range would cover some
here
[06:50 am] Mitch K: monitoring
TUMI
[06:52 am] Mitch K: watching TRIP for
bottom
[06:52 am] Mitch K: monitoring N,
low vol
[06:54 am] Mitch K: early buy
signal TRIP
[06:54 am] Mitch K: monitoring
AGCO
[06:56 am] Mitch K: monitoring ORLY
for top
[06:56 am] Mitch K: watching URBN
for top
[06:56 am] Mitch K: consider
reducing MDVN short
[06:58 am] Mitch K:
AGCO looking better for short
[06:59 am]
Mitch K: watching CTRX for top soon
[06:59
am] Ed : SPY new hod
[07:01 am] Ed :
monitor STX @near the 30 are see how reactos
for potential short
[07:04 am] Ed : AMZN
also weak
[07:04 am] Ed : AMRN is weak
today
[07:07 am] Ed : good eye
sman
[07:08 am] Ed : If ur not consistent
or new in ur trading would not trade ACUR,
very risky
[07:15 am] Ed : out all MNST
short
[07:19 am] Mitch K: CL, crude oil
cycling very well today
[07:20 am] Mitch
K: PL 01-13, Palladium cycling well, next
trade is a long
[07:22 am] Mitch K:
watching NG, Natural Gas for bottom too, take
time on that one
[07:22 am] Mitch K: but i
change around too, often use volume
charts
[07:22 am] Mitch K: im using a 4
range chart right now on CL joey
[07:24
am] Mitch K: make sure you trade simulator if
you are new to futures, really volatile,
dangerous
[07:24 am] Mitch K: buy signals
on CL, several charts
[07:26 am] Ed : hope
you all caught the short on AMRN
[07:31
am] Mitch K: watching DLTR for
bottom
[07:34 am] Mitch K: watching FDO
for bottom, same category as DLTR,
[07:40
am] Mitch K: buy signal on NG 01-13
[07:42
am] Mitch K: liking DLTR and FDO for long
soon
[07:42 am] Mitch K: watching DG for
bottom
[07:43 am] Mitch K: NG weak bounce
so far, probably breaking even here
[07:51
am] Mitch K: watching MNST spike, missed
top
[07:53 am] Mitch K: target prices are
guestimates, be flexible
[07:53 am] Mitch
K: looking for 38.80 area on DLTR
[07:53
am] Mitch K: FDO should follow DLTR
[07:54
am] Mitch K: watching DG for sell
soon
[08:01 am] Mitch K: monitoring
MNST
[08:01 am] Mitch K: sell DG
[08:01
am] Mitch K: looking for CL top soon, cycling
very well today
[08:01 am] Mitch K: crude
01-13
[08:03 am] Mitch K: trading much
better today than yesterday
[08:03 am]
Mitch K: good eye on APC qwert
[08:14 am]
Mitch K: BLodgett, thats his name
[08:14
am] Mitch K: AMZN still moving up. We
used to call AMazon.com amazing.com because
the stock went up from 40 to 400 split
adjusted. It was Henry whatshisname
first call on .com. he was with Merrill
Lynch, then another firm, then got
busted by SEC, now at yahoo
finance
[08:17 am] Mitch K: sell signal on
CL
[08:18 am] Mitch K: CL really handing
out the money, the bias is on the long side
righ tnow
[08:22 am] Mitch K: i didnt, i
just covered the CL drop, no signal yet,
lol
[08:22 am] Mitch K: repeat this chant
after me: I am going to wait for a
signal,
[08:23 am] Ed : Spike in
SPY
[08:24 am] Mitch K: probably within 5
min
[08:24 am] Mitch K: looking for long
in CL soon
[08:28 am] Mitch K: 300v is too
big of interval for CL i think
[08:29 am]
Mitch K: yeah and i have a 4 range setting
next to it on another chart too
[08:30 am]
Mitch K: looking for another long but small
profit target on this long, maybe 7
ticks
[08:31 am] Mitch K: not good to
trade, give up profits
[08:31 am] Mitch K:
i think we are going into chop now with
CL,
[08:31 am] Ed : SPY pulling
back
[08:31 am] Mitch K: nice one gas
man
[08:32 am] Mitch K: taking 15 min
break
[08:35 am] Ed : moving closer to
deal with sprint
[08:35 am] Ed : CLWR
alert
[08:41 am] Ed : CLWR
reopen
[08:54 am] Ed : SPY
pullingback
[09:02 am] Ed : Boehner
speaking
[09:03 am] Ed : SPY
dropping
[09:38 am] Mitch K: PL, Palladium
on big run now
[09:38 am] Mitch K: looking
for a CL bounce here, maybe 10-12
ticks
[09:39 am] Mitch K: PL came out of
the no trading zone and went up
sharply
[09:40 am] Mitch K: watching DG
again for bottom
[09:46 am] Mitch K: i
dont know if what i said made any sense about
looking for a CL bounce and get 10-12
ticks. that was a profit target to
close compared to waiting for the next
opposing signal
[09:47 am] Mitch K: right
khall
[09:47 am] Mitch K: if an instrument
isnt giving big slow cycles and it starts to
get choppy, then you can get 7-10 ticks on a
bounce if the previous drop was fairly
substantial
[09:49 am] Mitch K: the most
important thoughts for a trader right now
with CL is to realize, “OK, we are getting
into a choppy area, i would like to preserve
profits. look for something else” Like
right now, ive been watching PL, Palladium
for a while today, the short around 1641.40
now up 30 ticks on the short side,
eyeballs scanning,
[09:50 am] Mitch K:
dont keep staring at the chart that was
making money if it stops cycling. the
old saying comes to mind, dont try to squeeze
blood out of a turnip was it?
[09:53 am]
Mitch K: ok, im looking at PL joey
[09:54
am] Mitch K: someday, i would sure like to
see Forex with USD/YUAN [China]
currency
[09:54 am] Mitch K: yeah sorry PL
is Platinum
[09:58 am] Mitch K: watching
FDO for a bounce, maybe 1%
[10:03 am]
Mitch K: see the CL chart now, i didnt want
to take that long signal there. if i
did, would have a profit target of maybe 5
ticks. it isnt making that nice
big swings we saw earlier
[10:04 am] Mitch
K: i missed the NG short and the long signal
that will come out of this bottom will be
also small profit targets, UNLESS it drops to
something like 3.400, bigger drop
[10:06
am] Mitch K: you have that available now
chingo, it is just a matter of subscribing to
the exchange that the Russell trades
on
[10:06 am] Mitch K: right joey.
when you see an instrument or a stock be
stuck in a tight range with just chop, expect
to miss the first big move out of that range
unless you are goign to jump on trend trade
and be prepared to be decisive closing that
trade. With NG, being slower than
something like CL, GC (gold), SI
(silver)
[10:07 am] Mitch K: that is
through Kinetick or whoever your datafeed
is
[10:07 am] Mitch K: if you subscribe to
more exchanges, the more futures or forex
pairs you will get
[10:08 am] Mitch K:
this is often a dangerous time to trade for
us. We are tired, been very active,
trading was good so far, and then we often
start getting careless, a little cocky, at
least thats my pattern
[10:09 am] Mitch K:
just keep being a calculating thoughtful
sniper, we are not using machine guns now,
just single bolt action rifle, just waiting
for the right setup
[10:10 am] Mitch K:
go4it, WILN has normally very little volume,
dont trade that, its garbage stock if it is
WI-LAN Inc.
[10:11 am] Mitch K: yeah thats
a garbage stock go4it. also, you should
consider changing your screen name to
something else like Sniper and then you might
change your thinking too
[10:12 am] Mitch
K: just try to be patient now,
[10:14 am]
Mitch K: i study a lot now, turn on music,
change up
[10:16 am] Mitch K: i dont want
to come across too much like a preacher or
anything but these are the thoughts that have
helped me immensely. Learned the hard
way over long period of time
[10:23 am]
Mitch K: and moving up
[10:23 am] Mitch K:
market is smelling a budget deal
[10:27
am] Mitch K: starting to watch the CL for a
bottom if this keeps dropping, probably
another 4 candles to go or more
[10:27 am]
Mitch K: good call on the NG long trade
joey
[10:29 am] Mitch K: thanks
sman
[10:36 am] Mitch K: CME interesting
pirate, thanks
[10:36 am] Mitch K: another
good thing to do is get up often, i also
stand up a lot looking at screens
[10:53
am] Mitch K: looking for CL bounce,
[10:56
am] Ed : Gas line in Wva. explosion
reported
[11:24 am] Ed : good eye sman on
NI
[11:45 am] Ed : nice drop in
SPY
[12:08 pm] Ed : SPY near lod
[01:00
pm] Ed : have a great evening traders
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