[06:06 am] Ed : good morning traders
[06:15 am] Brent : good morning
[06:22 am] Kris : good morning everyone
[06:27 am] Kris : the spy is coming into
trendline resistance on the daily, we’ve had
3+ days on the move up from the lows
[06:28 am] Kris : and we have a small up gap
today that could be exhaustive into this
overhead trendline resistance
[06:28 am] Kris : I’ll be looking a little
more to the short side but will stay patient
off the open and wait for the selling before
I commit
[06:29 am] Kris : if we hold the gap, stay
strong we could break through that resistance
so stay flexible
[06:30 am] Kris : ULTA short half
[06:31 am] Kris : SFLY moving, not chasing it
here
[06:32 am] Kris : DMND short half
[06:32 am] Mitch K: watching SFLY for
short
[06:33 am] Kris : CRM long half
[06:33 am] Mitch K: soon
[06:33 am] Mitch K: watching ONXX for
short
[06:34 am] Kris : RMBS moving
[06:34 am] Mitch K: watching FSLR for short,
late to see
[06:35 am] Kris : missed the short off the
open, look for a bounce to short into
[06:35 am] Kris : SPWR filling gap
[06:36 am] Kris : looking to add second half
ULTA short soon
[06:36 am] Kris : out half DMND short
[06:36 am] Mitch K: watching LULU for top to
short
[06:37 am] Kris : looking for 64.00 – 64.20
area to add
[06:39 am] Mitch K: consider reducing LULU
short
[06:40 am] Kris : will watch for a possible
long in NFLX soon, would like to see a bounce
around 72.00 area
[06:40 am] Mitch K: watching TRIP to short
soon
[06:41 am] Brent : watching UAL for a
bounce
[06:41 am] Mitch K: LULU 2nd helping soon
[06:41 am] Mitch K: watching RE for top, may
take a while
[06:43 am] Mitch K: SFLY finally turning
over
[06:45 am] Mitch K: consider covering FSLR if
short
[06:47 am] Mitch K: CRM bouncing
[06:50 am] Mitch K: looking for short on FSLR
bounce; wouldn’t go in full sized short,
letting it move up more
[06:51 am] Mitch K: watching CHS for top, low
priced stock so must start small and
build;
[06:54 am] Mitch K: SFLY short over; watch
for bounce
[06:54 am] Mitch K: watching GPOR for top
[06:55 am] Brent : careful with UAL if long,
not acting well with the bounce in the
market
[06:55 am] Mitch K: getting increasing candle
size on FSLR, getting close to short
[06:56 am] Mitch K: CRM bounce fizzling out
soon
[06:58 am] Mitch K: MOS having 37th buyout
rumor
[06:58 am] Mitch K: watching MOS
[06:59 am] Kris : SPY coming into hod
resistance
[07:01 am] Mitch K: don’t have to get precise
on MOS, hard to do with buyout rumors.
consider covering half of MOS soon
[07:03 am] Mitch K: be flexible, anything
goes
[07:03 am] Mitch K: looking for 34.45 area
for covering most of FSLR short
[07:03 am] Mitch K: watching for 2nd helping
short in MOS
[07:04 am] Mitch K: hot buyout rumors often
make higher highs on 2nd helping, open small
shorts, like dipping toe in water expecting
it to be cold water
[07:06 am] Mitch K: consider covering most of
GPOR short
[07:06 am] Mitch K: then when you are pretty
sure that a buyout rumor or any stock isn’t
going to make new highs, you complete your
full short as soon as it turns over, see MOS
as example
[07:07 am] Mitch K: watching SINA for top, no
hurry
[07:07 am] Mitch K: you guys cover FSLR?
[07:08 am] Mitch K: FSLR over
[07:09 am] Mitch K: looking for MOS to start
breaking down a little more on this drop,
just hunch
[07:12 am] Mitch K: if my hunches start going
bad, you can call me hunchback
[07:14 am] Mitch K: TRIP finally turning
over, what a trip
[07:15 am] Mitch K: that was as bad as
Rusty’s humor,
[07:16 am] Mitch K: newer traders know we
tend to post ideas and don’t count on us to
tell you when to get out, that’s your job
[07:16 am] Mitch K: watching CHS for 2nd
helping
[07:18 am] Mitch K: LULU finally breaking
down, consider covering 1/3rd if short
[07:19 am] Mitch K: no hunchback yet,
consider covering 1/3rd if short
[07:19 am] Mitch K: of MOS
[07:20 am] Mitch K: LULU short over, at least
1st helping
[07:33 am] Ed : trend still up Sina so far
[08:23 am] Mitch K: watching for 2nd helping
short on LULU
[08:32 am] Kris : FOSL breaking out over
resistance
[08:32 am] Kris : out all DMND short
[12:08 pm] Mitch K: not a big one but
tradable
[12:08 pm] Mitch K: watching MJN for possible
bounce
[12:08 pm] Mitch K: not a big one but
tradable
[12:48 pm] Mitch K: there is that MJN bounce
I was looking for. Didn’t think it would
take 48 minutes though, lol[12:49 pm] Mitch
K: something is going on with MJN, must be an
analyst
[12:50 pm] Mitch K: I would not short MJN
[12:56 pm] Brent : Have a great Christmas
everyone, see you Tuesday
[12:57 pm] Ed : have a wonderful weekend and
happy holiday
[12:59 pm] Mitch K: Merry Christmas everyone
|
[06:16 am] Mitch K: lightning is that working
yet?
[06:16 am] zentrader : yes lighting – but
can ESignal v11 do that with LS?
[06:16 am] Mitch K: LS and esignal linking
with charts
[06:16 am] lightning : Yes it is working.
[06:16 am] Mitch K: v 11?
[06:16 am] lightning : I don’t know about
v11. I run 10.6.something.
[06:16 am] zentrader : on v 11 ?
[06:16 am] Mitch K: ok thanks
[06:16 am] electrader : You can only link
one order entry window though
[06:17 am] lightning : that’s correct
[06:17 am] electrader : when you try the
second one, both link to same charts
[06:17 am] zentrader : yes, 10.6. But we’ve
been waiting 6+ months for bug fixes and they
told me they would link by this past
august
[06:17 am] Mitch K: right zen, that’s what i
thought Joey, some sort of bugs remaining in
11
[06:18 am] joeytsa : i might just have to
make a switch
[06:18 am] qwert : here’s a really cool
thing that i was told by esignal you can
call once a year and they will give you a
free month just charge you i think around
18.00 for data feed
[06:18 am] zentrader : I have it installed
on another machine and play from time to
time. But has been over a month since I took
a look
[06:18 am] Mitch K: anyone trading off the
chart with NInja? really going to squeeze
more profits out of trading that way, for
me
[06:18 am] zentrader : why Mitch? better
per share rates?
[06:19 am] lightning : that’s what I want in
esignal. I can trade off the charts for
futures, but not on stocks with
Lightspeed[06:19 am] mikewd2 -: Mitch, isn’t
TS Matrix as good as Ninja?
[06:20 am] mikewd2 -: i guess you’re not off
the actual chart though
[06:20 am] zentrader : I still use Adriano’s
Heat Gauge to identify volume acceleration.
it’s cool. He has a sound in there that even
tells you Volume acceleration. I’m going to
change to voice to George Carlin or Dennis
Hopper or something
[06:20 am] joeytsa : Mitch, i chart trade
futures on ninja..love it
[06:21 am] joeytsa : love being able to grab
stop loss/profit targets and move them
[06:21 am] zentrader : so I am opening yet
another swing trade account with eTrade. for
businesses looks cool. you get a credit
card, checks, etc[06:21 am] mikewd2 -: that
you can do with the Matrix on TS
[06:22 am] zentrader : and I got them down
to $3.99 per trade! ha
[06:22 am] zentrader : I will only swing, or
long term on those platforms though
[06:23 am] zentrader : I’ve had a TOS
account for over 2 years and have not funded
it yet. lol[06:23 am] zentrader : I just use
their charts
[06:23 am] Mitch K: i have not used TS Matrix
for 5years mike. They haven’t done any
developing at all and i see Ninja keeps
developing. But as i remember, TS Matrix was
very good
[06:24 am] Mitch K: hey zentrader, did you
call them for reduction in commissions?
[06:24 am] Mitch K: etrade that is?
[06:25 am] zentrader : still my favorite
charts are eSignal. There is one VWAP bands
chart I like on TOS that I use
[06:25 am] zentrader : coded in that 4GL
they use
[06:25 am] zentrader : works great
[06:25 am] Mitch K: hmm good
[06:26 am] joeytsa : gap up:
RMBS,AAPL,MNTA,FSLR?
[06:26 am] zentrader : yes, Mitch – I
haggled with eTrade until I got it down to
$3.99
[06:26 am] zentrader : I keep a bunch of
money with them for a SPE IRA account that I
swing trade with
[06:27 am] zentrader : SEP IRA that is
[06:27 am] joeytsa : gap
down:SFLY,ALLT,..nothing really jumping
out
[06:27 am] mikewd2 -: wow, zen nice – i’m at
5.99
[06:28 am] joeytsa : new home sales at 7am
pst[06:29 am] joeytsa : makes sense
kris[06:29 am] zentrader : problem with SEP
– is that you cannot short stocks with that
type of account
[06:30 am] zentrader : so just us eon of the
others to do that
[06:30 am] zentrader : they have crappy
short inventory anyway, but once and while
you find something in there that is NOT in
LS
[06:31 am] joeytsa : zen: only way around
that is to use inverse etfs to play wider
[06:31 am] mikewd2 -: SFLY
[06:33 am] zentrader : s DMND 30.45
[06:33 am] joeytsa : AMZN down
[06:34 am] rusty : FSLR radar
[06:34 am] zentrader : I’m short MJN too
[06:35 am] zentrader : wow out MJN
instantly
[06:35 am] zentrader : done with that one
[06:41 am] skydiver : lulu bounced back –
another short?
[06:42 am] joeytsa : the ES slowly trending
down since 5:30pst
[06:43 am] joeytsa : CRM lod[06:48 am]
skydiver : CHS
[06:49 am] joeytsa : CRM coming into an
overhead pivot and down trending 15ma
[06:52 am] rusty : DMND lod[06:52 am] apple
: nice call on SFLY
[06:56 am] joeytsa : new home sales 4
minutes
[06:57 am] rusty : added to RAYS short
[06:58 am] skydiver : Take over chatter
MOS
[06:58 am] pandozzi : no shares available
for fslr short
[06:58 am] joeytsa : gotta love schwab huh
pandozzi[06:59 am] rusty : FSLR 50% short
interest
[07:00 am] joeytsa : new home sales up
1.6%
[07:00 am] joeytsa : who the heck is
buying..all i hear is how poor everyone is
[07:01 am] skydiver : I’m short MOS 52.23
[07:02 am] derns : joey..that has been a
nagging question in my mind for the past 2
weeks…I really think it has been short
covering
[07:02 am] skydiver : covered MOS 52.02
[07:03 am] pandozzi : what happened with
that candle on trip
[07:03 am] skydiver : Watching MOS
[07:04 am] joeytsa : new lod on CRM
[07:04 am] rusty : FSLR 22M short/60M
float
[07:05 am] joeytsa : time lag play?
[07:05 am] skydiver : gotcha Mitch – thanks
again
[07:05 am] rusty : UAL radar
[07:06 am] rusty : keep in mind it’s an
airline
[07:06 am] skydiver : nice rusty on UAL –
and good point on airline
[07:06 am] pandozzi : not too cold
mitch[07:07 am] joeytsa : looking for
another weak bounce in CRM then lower
[07:07 am] michael : I tried the last CRM
down joey but missed by a few cents
[07:08 am] thomasohana : thanks mitch
watching sina too
[07:08 am] qwert : yep on fslr thx
mitch[07:08 am] joeytsa : that’s ok
michael..trade idea was correct, so that’s a
good thing
[07:08 am] jsn13 : Yup…Got .60 from
FSLR….
[07:08 am] pandozzi : no shares of first
solar short cost me a couple grand thx
schwab[07:08 am] electrader : s FSLR 35.24
out first half 34.88 stopped last portion
34.64
[07:08 am] joeytsa : yeah schwab is great
for that
[07:09 am] joeytsa : love their charts
though
[07:09 am] pandozzi : me too. i need to open
an additional account somewhere
[07:10 am] joeytsa : that’s why i
switched
[07:11 am] apple : good job elec[07:12 am]
skydiver : S MOS 52.23
[07:12 am] joeytsa : if BIDU breaks below
the 117.30 area, might give up a buck…wait
and see
[07:12 am] rusty : UAL bounce
[07:14 am] joeytsa : 3 lower highs on BIDU,
needs to hold the 117.30 area or might get a
$1 drop
[07:14 am] apple : nice on GPOR thx MK
[07:15 am] rusty : Breaking News: US Senate
approves 2 month extension of payroll tax cut
– AP
[07:15 am] joeytsa : CRM playing
whack-a-mole today..but trying to hold this
triple bottom
[07:17 am] qwert : crm is great today
[07:18 am] rusty : FSLR again
[07:18 am] rusty : lower high
[07:18 am] joeytsa : CRM has been money for
a few weeks now
[07:18 am] joeytsa : plus it has enough adr
to scalp
[07:20 am] skydiver : Covering MOS 1/3 at
51.99
[07:21 am] storage : anyone still s SFLY
[07:23 am] rusty : RAM worth watching
[07:24 am] rusty : 86 rsi[07:24 am] chinhngo
: i short ulta at 64.00 what is stop
please?
[07:25 am] rusty : not necessarily a
daytrade….more like a bullshort….have to
be careful on these thin volume pre holiday
trading days
[07:25 am] rusty : sometimes the daytraders
take these cheap stocks for a joyride
[07:27 am] derns : does the market close
early today?
[07:27 am] joeytsa : full day
[07:27 am] derns : slowwww 2nd 30 mins of
the day
[07:28 am] joeytsa : i would think later
will slow down with people leaving early?
[07:28 am] rusty : probably
[07:29 am] derns : yes…and back to your
earlier comment about, “who is buying?” do
you think this rally over the past week has
been short covering or what?
[07:29 am] rusty : by late afternoon only
the algorithms and diehards/junkies will be
trading
[07:29 am] Ed : I’m surprise we have gotten
as much as we have, junkies abound
[07:29 am] qwert : you mean like us rusty
[07:29 am] rusty : lol qwert,
eggsactly[07:30 am] khall : ha. I hope we
all don’t get DT’s on Monday
[07:30 am] rusty : i like these thin days
sometimes you get a crazy runner
[07:30 am] rusty : that turns into a good
bullshort[07:30 am] derns : go crazy
runner!!!
[07:30 am] scalpman : Kris ULTA Short
now….?
[07:33 am] mikewd2 -: covered MOS short
[07:33 am] lightning : watching DECK
[07:33 am] lightning : forget DECK for now,
sorry
[07:35 am] mikewd2 -: VHC
[07:37 am] apple : SINA still climbing
[07:37 am] pandozzi : which way is first
solar gonna go?
[07:37 am] pandozzi : sina strong apple
eh
[07:37 am] joeytsa : pandozzi: looks like
its caught in no mans land right now
[07:38 am] pandozzi : that’s what I’m
thinking
[07:38 am] joeytsa : you have pivots up on
streetsmartedge?
[07:38 am] apple : ditto
[07:38 am] rusty : DLTR is a good scalper,
perhaps swingtrade at these levels for anyone
interested
[07:39 am] rusty : trades a little thin but
works up and down
[07:39 am] mikewd2 -: rusty, you ever go long
on VXX?
[07:39 am] joeytsa : SINA close to res
[07:40 am] rusty : yes mike yesterday and
today, VXX and options
[07:40 am] mikewd2 -: nice, i should have
[07:40 am] rusty : legging in to the
position…have about 30% now
[07:41 am] lightning : SINA may be saying
“that’s enough”
[07:42 am] rusty : mike, still plenty of
room
[07:42 am] rusty : my best VXX entries are
at eod usually but at some point I take a
position and then average up or down as
necessary
[07:42 am] mikewd2 -: I’m in now rusty
[07:43 am] rusty : welcome aboard lol[07:43
am] pandozzi : hanging in on that trip short
mitch[07:43 am] mikewd2 -: at hod[07:44 am]
skydiver : FIO
[07:44 am] Mitch K: nice pandoz, you
patient
[07:44 am] pandozzi : joey yes pivots
[07:46 am] joeytsa : pivots and yesterdays
close are always good areas to watch
[07:46 am] lightning : FIO: Rumor:
Fusion-io moves up on speculation of a
contract win :theflyonthewall.com
[07:47 am] pandozzi : thx for the advise
joey
[07:47 am] apple : nice call on DMND K
[07:47 am] rusty : NGG radar
[07:48 am] joeytsa : not that they are magic
indicators..but give you good areas to look
for continuation/reversals…profit/loss
targets
[07:49 am] pandozzi : the more indicators
the better
[07:50 am] Ed : u say u found the holy grail
joey?
[07:50 am] joeytsa : i wish haha[07:50 am]
Ed : u have, it is within u!!!
[07:51 am] joeytsa : my trading has improved
since using pivots in combination with the
chart settings though
[07:51 am] joeytsa : i can view my r/r at a
glance which helps me decide to take the
trade or not
[07:53 am] joeytsa : premarket gaps i want
min of 3:1, scalps i try for at least 2:1
[07:54 am] joeytsa : the higher the better
obviously
[07:54 am] rusty : joey, do you have
anything you can share on your r/r….it’s
very interesting
[07:54 am] joeytsa : sure, its not
mind-blowing though haha[07:54 am] rusty :
like a handicapper
[07:54 am] joeytsa : exactly
[07:55 am] rusty : next one you come up
with…please show us how you calculate your
r/r
[07:55 am] joeytsa : if i am willing to risk
$1 on a trade, my profit target has to be $2
min
[07:55 am] khall : thanks for CHS Mitch
[07:55 am] joeytsa : you can’t win in this
game if you risk $1 to make 15cents
[07:56 am] joeytsa : so that’s what i look
at…using sup/res..whether its ma’s or
pivots give me areas to look at
[07:56 am] joeytsa : look at BIDU right
now…
[07:57 am] rusty : ok following u
[07:57 am] joeytsa : just crossed below r1 (
117.30 area)
[07:57 am] joeytsa : looks weak…
[07:57 am] joeytsa : if i short, my stop is
just above that…with 116 and below my
profit target…
[07:58 am] joeytsa : i am not in this
trade..just an example
[07:58 am] jsn13 : cool joey…..I’m
following ur lesson quietly…..
[07:58 am] joeytsa : i can risk apprx
30cents to make $1.20
[07:58 am] joeytsa : 4:1 r/r
[07:58 am] rusty : 116 is your profit target
why? cause you target $1 profit?
[07:58 am] derns : joey..so am I …200 ma
is 116.25
[07:58 am] joeytsa : round number first
target
[07:59 am] joeytsa : prev cl around 115.50
area
[07:59 am] joeytsa : only issue would be the
open print
[08:00 am] joeytsa : so maybe use the open
print area 1st target, then lower stop to
be
[08:00 am] jsn13 : Joey did u apply it to
short sfly juz now at 9.42am?
[08:00 am] rusty : tx joey
[08:01 am] joeytsa : not in SFLY jsn[08:01
am] joeytsa : the thing is doing it quickly,
the pivots/ma’s i take a quick glance
[08:01 am] jsn13 : but can u apply the
pivots idea and maybe run through how u use
it if u went short?
[08:02 am] joeytsa : that’s not to say i
won’t take a 1:1 trade…but i prefer better
odds
[08:02 am] derns : joey..on what time frame
are your pivots applied?
[08:02 am] joeytsa : jsn, are you talking an
example for SFLY?
[08:02 am] jsn13 : yup
[08:03 am] joeytsa : derns 1m
chart…that’s my main chart
[08:03 am] jsn13 : like will u short it at
9.42 am juz now? how u use the pivots to help
u?
[08:03 am] joeytsa : hindsight on SFLY, the
short was perfect @$25 area
[08:04 am] joeytsa : broke thru prev cl,
failed 2nd attempt, then head below actual
pivot
[08:04 am] mikewd2 -: CRM heading up
[08:04 am] apple : nice example, joey
[08:05 am] jsn13 : if u short at the top at
27 area then how would u handle that?
[08:05 am] jsn13 : as R1 at 26.11
[08:05 am] joeytsa : jsn: even if you
shorted @$25, stop would have been around
$25.15, with $24.40 area profit target…
[08:06 am] joeytsa : risk 15cents to make
60cents
[08:06 am] jsn13 : hey great idea joey…..i
can see how u manage and minimize ur risk
here….
[08:06 am] joeytsa : those are approximates,
that’s why i always say the $25
“area”..prices con overshoot a few cents
[08:06 am] jsn13 : yup sure i understand
that….
[08:08 am] joeytsa : jsn: i wouldn’t have
shorted at the top, in-between r1,r2…so it
would have been a trade that passed me by
[08:08 am] jsn13 : why?
[08:08 am] joeytsa : beyond the r/r…i try
to keep it in line with my trading style
[08:09 am] joeytsa : i don’t need to try to
catch every trade…i look for the low
hanging fruit
[08:09 am] jsn13 : so u did not jump in at
all?
[08:09 am] joeytsa : nope…unless it’s a
crazy mover, i like trending stocks
[08:10 am] jsn13 : Ok i see ur
style….that’s ur rules….
[08:10 am] joeytsa : play whack-a-mole with
downtrenders like CRM today
[08:10 am] jsn13 : Thanks for sharing such
great ideas…..
[08:10 am] joeytsa : 1st thing traders NEED
to do is develop their own style
[08:11 am] joeytsa : if i call a stock..you
have NO clue what I’m looking at..well maybe
you do now, but in general it’s hard for
another trader to take my idea like i will
[08:12 am] jsn13 : yup…..so where did
short CRM? was it 9.36am bar? at juz below
100?
[08:12 am] joeytsa : for example..i might be
looking for a quick 10cent scalp to pay my
commissions for the day….by the time you
look at the chart, I’m out
[08:12 am] jsn13 : ok i see….i have my
sets of rules as well….so now try to sync
new ideas into my strategy…
[08:13 am] joeytsa : i didn’t get into CRM
until later than that
[08:13 am] joeytsa : wish i had the 1st
short
[08:13 am] jsn13 : that’s y I’m very
interested in all the tools that work….
[08:13 am] joeytsa : don’t get indicator
crazy
[08:13 am] jsn13 : so that’s a good spot
right at juz below 100?
[08:14 am] joeytsa : i liked CRM on the fall
thru the pivot and weak bounce..even though
it went back thru the pivot..the stock made a
lower high
[08:14 am] joeytsa : now it actually looks
like it wants to uptrend a bit
[08:15 am] joeytsa : higher lows at the
moment
[08:15 am] jsn13 : yup it does look
like….
[08:16 am] joeytsa : sometimes i look at the
pivots just like a look at the
stochastics[08:16 am] joeytsa : bottoming
gaining strength, or topping and getting
weak
[08:17 am] apple : i don’t have pivots on
my esignal — i need to get them
[08:17 am] joeytsa : it’s not really a
“black box” technique.
[08:17 am] joeytsa : lightspeed pivots are
set differently..hate it haha[08:17 am]
jsn13 : Ok i can see how u play with
it….Thanks…..
[08:17 am] derns : apple…do you know how
to add pivots to esignal?
[08:18 am] lightning : i do derns[08:18 am]
apple : it looks like it is with the “GET”
package which i don’t have
[08:18 am] apple : how do you do it,
light?
[08:18 am] lightning : on an esignal chart,
right click. Then open the “Formulas”
folder, and you’ll see Pivots
[08:19 am] joeytsa : so does esignal need a
provider for data?
[08:19 am] joeytsa : just remember the name
of the game is support/resistance
[08:20 am] apple : you got it joey
[08:20 am] jsn13 : Yup i won’t neglect
that….
[08:20 am] jsn13 : Thanks for the
reminder…..
[08:21 am] apple : light, i have a bunch of
stuff in there, which one is it?
[08:22 am] lightning : apple, if you take
PivotPointAll.eft, you’ll get the R1, R2, S1
and S2 all at once
[08:22 am] lightning : sorry, that was .efs,
not .eft[08:24 am] apple : are they just
little black dashes?
[08:24 am] derns : thx too lightning…when
adding all of them, what is the black
line?
[08:25 am] lightning : yes, they are black
lines that are mathematically driven and
recalculated once per day.
[08:26 am] apple : thank you so much, that’s
a great xmas present!!!
[08:27 am] skydiver : Was on a break –
thanks joey and lightning for the lesson –
just put in my pivot points. Thanks
[08:27 am] apple : now we’ll really be
rockin in the new year!
[08:28 am] joeytsa : can the esignal pivots
color be changed?
[08:29 am] lightning : yes
[08:29 am] lightning : right click on the
chart and select “edit studies”
[08:29 am] joeytsa : cool,now i just have to
figure my esignal out..gonna make a few
calls
[08:29 am] lightning : Then select Pivot
Points from the left column
[08:30 am] joeytsa : black lines won’t show
up on my black background 🙂
[08:30 am] lightning : Check the “Color” box
and select any other color in the drop down
(that is defaulted to black). Hit apply and
you’re set.
[08:30 am] joeytsa : lightning: you have
esig with lightspeed?
[08:30 am] lightning : yes
[08:31 am] joeytsa : I’m not getting chart
data…got something wrong here
[08:31 am] joeytsa : gonna call them
today
[08:31 am] lightning : yes, you should. I
don’t know how to solve that, lol[08:31 am]
joeytsa : looks like i have it linked with
lightspeed[08:32 am] lightning : esignal
drives its own data
[08:32 am] joeytsa : just no charts haha
hmmm
[08:32 am] mikewd2 -: FIO continues its trend
up
[08:32 am] joeytsa : nice kris[08:33 am]
joeytsa : yeah mike, FIO doing ok
[08:33 am] apple : light, hate to bother
you, where do you change color — in the
studies? mine is still black
[08:34 am] derns : joey…do I read FOSL
correctly in that it is above R2?
[08:34 am] lightning : right click on the
chart with pivots and then go to “Edit
Studies”
[08:34 am] lightning : yes, derns. that’s
correct
[08:34 am] lightning : Apple, then select
Pivot Points, and change the color from the
drop down. Make sure the box is checked next
to the Color drop down.
[08:35 am] derns : thx lightning..
[08:35 am] joeytsa : strong move derns, look
for it to hold support
[08:36 am] derns : joey..you mean, the R2
may act as support?
[08:36 am] apple : i did that from the
beginning. nothing, still black.
[08:36 am] joeytsa : that area and also the
5ma
[08:36 am] lightning : sorry, apple. That’s
how it works on mine. I am able to change it
to any color.
[08:36 am] joeytsa : if is doesn’t hold,
look for support at the 15ma or 20 whichever
you use
[08:37 am] apple : got out of DMND way too
early
[08:37 am] joeytsa : that move was more
spike-like than trend-like
[08:38 am] skydiver : I shorted FOSL at
85.19
[08:39 am] joeytsa : maybe trail your stop
sky
[08:40 am] joeytsa : FOSL just gave another
nice lesson though
[08:40 am] skydiver : yes joey – thanks —
still lots to learn 🙂
[08:41 am] derns : so joey, is it fair to
say that you like to trade when a stock price
hits/exceeds a pivot point expecting it to
bounce off it?
[08:41 am] joeytsa : look at that chart
where it broke out of consolidation/hod[08:42
am] skydiver : out 1/2 FOSL $84.79
[08:42 am] derns : you talking about FOSL on
1 min around 8:28 am?
[08:43 am] joeytsa : right around then
derns…
[08:43 am] derns : yes…volume picked up
and it jumped $1
[08:44 am] joeytsa : $84.70 entry area gave
about 75cents upside target…
[08:44 am] derns : would you have entered
after the first 1 min green candle for that
trade?
[08:45 am] joeytsa : worst case 50cent stop
loss…but maybe a little more conservative
30cents on a beak of the 5/15ma support?
[08:45 am] joeytsa : yeah on the
break..probably wouldn’t have gotten a great
fill…
[08:45 am] rusty : RAM day traders having
fun….hoping they take this one higher
[08:46 am] joeytsa : worst case let’s say i
got in at $84.90,profit target 60 cents, loss
30cents, 2:1 🙂
[08:46 am] michael : the banana volume from
8:26 to 8:33 also offered a good short
indication right back to resistance
[08:47 am] derns : got it..thx[08:47 am]
joeytsa : yes mike
[08:48 am] joeytsa : so you had a
semi-parabolic move running into resistance
and a fail to hold that new level…just more
odds on your side like mitch says….
[08:48 am] joeytsa : set your stops and you
won’t get too hurt if/when the trade doesn’t
work
[08:48 am] apple : light, for ex. on 2 min
LULU chart where are your pivots?
[08:50 am] michael : excellent explanations
on everything Joey, thank you
[08:50 am] weston : ONXX hod[08:50 am]
mikewd2 -: FIO new hod[08:50 am] joeytsa :
no prob..I’m still learning too, don’t forget
🙂
[08:50 am] lightning : apple, I show R1 at
47.25, r2 at 47.73, S1 at 46.50 and S2 at
46.04.
[08:51 am] joeytsa : if it wasn’t for
TSA…my trading would be totally
different..and not for the good 🙂
[08:51 am] apple : no, something is not
right, thx
[08:52 am] skydiver : Agreed there joey
[08:52 am] michael : true as spoken joey
[08:52 am] joeytsa : I’ve learned a ton of
stuff here…and new twists to things i had
done
[08:52 am] joeytsa : i never even heard of
lightspeed until i came here haha[08:52 am]
pandozzi : i hear ya joey
[08:52 am] michael : true again
[08:53 am] pandozzi : about tsa[08:53 am]
joeytsa : honestly..trading with charts and
indicators is fairly new to me
[08:53 am] lightning : Hmmm, I use esignal v
10.6
[08:55 am] apple : i will have to check it
later. thx anyway
[08:56 am] pandozzi : didn’t start using
charts and indicators till i started at
tsa[08:56 am] ryhghs3tsa -: things seem calm
so i want to ask. for stochastics what is the
preference exp or simple?
[08:56 am] joeytsa : slow time of day, not a
rec..but CVX sitting on support, a break
above the $107 area might give off a 2:1
[08:56 am] joeytsa : yeah pandozzi…trading
without charts is a trip haha[08:57 am]
joeytsa : on CVX, stochs bottoming..looking
for macd to turn up and the break above the
ma’s
[08:58 am] mikewd2 -: out FIO, nice slow
ride
[08:59 am] skydiver : Nice mikewd2
[08:59 am] joeytsa : good job mike
[08:59 am] derns : joey..I’m tracking your
CVX lesson
[08:59 am] mikewd2 -: ty guys
[08:59 am] michael : where’d you get in
again MIke?
[09:00 am] joeytsa : derns: my trading is
done for the day..but i still like to watch
stock moves
[09:00 am] derns : appreciate it..thx[09:00
am] mikewd2 -: 26.4 on FIO during that
consolidation
[09:01 am] joeytsa : plus CVX isn’t a big
mover for the most part…i just happened to
have it up from the other day
[09:01 am] michael : got it, nicely done
[09:01 am] mikewd2 -: out 27.17
[09:01 am] mikewd2 -: would like to swing FIO
for a few days, but not going to over
holidays
[09:01 am] zentrader : L MJN 65.62 will stop
below 64.96
[09:02 am] joeytsa : yeah mike..tuesday
seems like forever 🙂
[09:04 am] zentrader : I was slapped by MJN
yesterday.
[09:04 am] zentrader : Let’s see if today is
different, but no revenge trading. I
promise 🙂
[09:05 am] joeytsa : revenge trading always
leads me to lose money
[09:05 am] zentrader : yep
[09:05 am] michael : PHH got me yesterday,
and I deserved it. Fixed it before the day
was over
[09:05 am] mikewd2 -: me too joey
[09:06 am] zentrader : I’m thinking we can
see some good upward movement on MJN now.
[09:07 am] zentrader : I think the news is
already baked into the price and they are
saying the baby did not die from their
formula
[09:07 am] derns : zentrader…would you
consider a swing long trade on MJN?
[09:08 am] skydiver : FIO came down
nicely
[09:09 am] mikewd2 -: considering getting
back in sky, but may just watch
[09:09 am] skydiver : gotch mike
[09:15 am] skydiver : lulu still climbing
[09:15 am] mikewd2 -: nice bounce in RAM
[09:18 am] skydiver : glad I had a tight
stop on my S on FOSL
[09:18 am] zentrader : I’m also swinging MJN
long on another account – will stop below
64.00
[09:19 am] skydiver : another green day —
not fantastic day for me — but decent.
[09:20 am] mikewd2 -: is there news on
RAM?
[09:20 am] michael : mike, was RAM what
rusty mentioned before? that really did take
off
[09:20 am] mikewd2 -: yep
[09:21 am] mikewd2 -: nice consol at 2.25
then just took off
[09:21 am] skydiver : Don’t see any recent
news on RAM on the fly on the wall
[09:21 am] qwert : lightning a question
about pivots. are yours labeled pivot,r1,r2
etc.
[09:21 am] mikewd2 -: i didn’t either sky
[09:21 am] lightning : not on esignal[09:22
am] qwert : can you see all at once I’m only
seeing 1 at a time
[09:22 am] lightning : what stock are you
looking at qwert?
[09:23 am] qwert : ulta[09:23 am] zentrader
: I’m swinging FOSL long also, entry is
84.94
[09:24 am] qwert : i have pivot at 64.85 on
ulta[09:24 am] qwert : 1 min. chart
[09:24 am] lightning : qwert,yes, that is
right. You can squeeze the chart so that you
have a bigger range in prices and then you’ll
see all of them.
[09:25 am] lightning : do you know how to do
that
[09:25 am] qwert : okay so you don’t use the
auto scale feature
[09:25 am] lightning : I auto scale off
price only.
[09:25 am] qwert : it’s just drag in the
area on right correct?
[09:26 am] lightning : right.
[09:26 am] lightning : you should see R2 at
65.69 and S1 at 63.32 and s2 at 62.47.
[09:26 am] qwert : do you have pivots on all
charts
[09:27 am] apple : i contacted esignal will
talk with them later. i had 64.84 –
something is not right.
[09:27 am] qwert : i see all pivots now
[09:27 am] lightning : no, i rarely use
pivots, but I have it on one of my 7 charts I
keep up. That way I can look at it if I want
to.
[09:27 am] qwert : that’s what i will do to
hard with everything squeezed
[09:28 am] weston : hi guys, i have problem
with TS chart, the current price is like
lagging by 2mins
[09:28 am] weston : does anyone here has any
clue why?
[09:28 am] apple : the funny thing is I have
a number of those pivots — definitely not
right.
[09:29 am] mikewd2 -: weston, my TS and
etrade are matching fine.
[09:29 am] zentrader : Is there such a thing
as a retirement account (e.g. SEP, ROTH IRA)
that allows you to short positions?
[09:29 am] weston : hmm…thanks mike…but
mine is definitely lagging
[09:30 am] lightning : apple, I show R1 at
64.85 on ULTA. You and I disagree by only
.01. Are the others close?
[09:30 am] apple : not that i know of zen —
no shorts, you have to have the cash
[09:30 am] michael : pretty sure not Zen
[09:30 am] lightning : zen, the only thing
you can do is buy short ETFs in an IRA.
[09:30 am] apple : i got a bunch of small
lines all over.
[09:30 am] apple : right, light, ETFs
[09:31 am] joeytsa : ira’s don’t allow
margin i believe
[09:31 am] mikewd2 -: definitely not joey
[09:31 am] apple : you have to have the
cash…
[09:32 am] joeytsa : but some ira’s do allow
you to buy puts
[09:32 am] joeytsa : but that also depends
on the broker
[09:32 am] apple : light, i have too many of
those lines, they will help me remotely
later.
[09:32 am] joeytsa : schwab won’t let me buy
puts in a roth, but optionsxpress will
[09:33 am] joeytsa : at least that’s what i
was told
[09:34 am] skydiver : Nice Zen on FOSL long
–
[09:34 am] zentrader : yeah
[09:34 am] joeytsa : nice trade zen[09:35
am] zentrader : Thanks team.
[09:35 am] rusty : there are ways to short
an IRA if so desired
[09:35 am] zentrader : I’m attacking FOSL
from two different trading accounts
[09:35 am] rusty : depending on your type of
pension plan
[09:36 am] apple : way to go zen[09:36 am]
rusty : your pension plan can “invest” in
another entity that you setup
[09:37 am] rusty : and then that entity can
open a margin account with the right
broker
[09:37 am] zentrader : I’m moving a bit of
money around accounts, setting up for next
year
[09:37 am] rusty :
http://www.traderstatus.com
[09:37 am] zentrader : I’ve already tapped
out me SEP (can’t contribute any more)
[09:37 am] rusty : look around on that
site…lot of info there
[09:37 am] rusty : also a good trading
accountant
[09:37 am] zentrader : thanks Rusty
[09:38 am] rusty : i wanted to short my
pension account before short ETF’s were in
vogue…they made me jump through all sorts
of hoops
[09:39 am] rusty : now it’s a little
easier….recommend you do it with a good
accountant
[09:39 am] joeytsa : finally…esignal chart
data and pivots 🙂
[09:39 am] skydiver : good job joey – I have
esignal too – now have pivot points setup
[09:39 am] joeytsa : I’m using esg11..heard
it has some issues though
[09:40 am] apple : i have 10.6 like light
[09:40 am] rusty : one caveat is you have to
be careful using margin in your pension plan
account…it could make you liable for taxes
and invalidate some plans
[09:40 am] skydiver : really joey? I’m
still using the 10.6 due to the bugs in 11
[09:40 am] joeytsa : at least esig gives you
the level, schwab just has lines without
values
[09:40 am] joeytsa : i didn’t even see a dl
link for 10..maybe i didn’t look well
enough
[09:41 am] lightning : well, I’m sure they
want everyone on v.11 so they don’t have to
support multiple versions.
[09:42 am] joeytsa : yeah…lightning, do
they have yesterday’s close as a study?
[09:42 am] mikewd2 -: RAM bouncing again
[09:42 am] lightning : Yes, joey. Right
click, look in the Formulas folder and select
the OHLC folder from it. You can pick from
the list
[09:42 am] rusty : MJN
http://my.jetscreenshot.com/demo/20111223-vrj
p-317kb.jpg
[09:42 am] joeytsa : thanks..you rock
!!!!
[09:43 am] zentrader : Joey – how is MadScan
treating you?
[09:43 am] joeytsa : i love it for what i
do
[09:44 am] rusty : daytraders love the
RAM….please take it higher you junkies
[09:44 am] joeytsa : i have 6 scans
running…it’s enough to find trades with
[09:44 am] rusty : so TSA can have a nice
bullshort for Christmas/NYears[09:46 am]
rusty : look what daytraders did to XOMA end
of last year
[09:46 am] rusty : and what happened
thereafter
[09:46 am] mikewd2 -: Obama fixing to discuss
tax bill
[09:46 am] skydiver : Maybe he’ll kick up
some shorts for us
[09:46 am] michael : I looked at RAM this
morning when you said it rusty, then forgot
until mikewd2 spoke of it
[09:46 am] derns : is it time for an Obama
short?
[09:47 am] rusty : daytrader junkies love
the cheap stocks
[09:47 am] derns : sorry sky..didn’t see
your post
[09:47 am] rusty : let them play with it
then we take a bite out of it 🙂
[09:47 am] joeytsa : lightning: last dumb
question..how do you zoom in?
[09:48 am] michael : what are you looking
for rusty?
[09:48 am] skydiver : np derns[09:48 am]
lightning : on your chart, Joey, you can
“grab” either the horizontal or vertical
scale and stretch it or condense it. Just
put the mouse over the number, hold it down
and move the mouse. Make sense?
[09:48 am] rusty : a parabolic run
[09:48 am] rusty : it’s getting there
[09:49 am] rusty : the higher it goes the
better
[09:49 am] joeytsa : i think so, if i have
any issues i will shoot you an email thank
you again for the help
[09:49 am] lightning : no problem. happy to
help
[09:50 am] zentrader : watch MJN here for a
quick 30 cents
[09:51 am] zentrader : be careful though
[09:51 am] rusty : RAM longer term weekly
chart
[09:51 am] rusty :
http://my.jetscreenshot.com/demo/20111223-siz
l-151kb.jpg
[09:51 am] rusty : RAM
[09:53 am] apple : at this point, since it’s
slow, i want to wish MK, K, B, E and each one
of you, many blessings for all the holidays
and much prosperity in the coming year. I am
so grateful to be in the company of such
wonderful people. Thank you.
[09:53 am] lightning : same here apple, and
back atcha[09:54 am] qwert : right back at
you apple merry christmas[09:54 am] skydiver
: Merry Christmas you as well apple and
Happy New year with great trading
[09:54 am] Ed : thank you apple and happy to
know u as well, and happy holidays to you and
yours
[09:55 am] joeytsa : well said apple..and
hope you have a Merry Christmas and amazing
2012
[09:55 am] apple : i think 2012 will be my
year!
[09:55 am] joeytsa : same here
[09:56 am] mhaus : 2012 will be our year
[09:56 am] lightning : May it be true for
all of us!
[09:57 am] observer : thank you for all your
kind wishes apple. We wish you a joyous
season and prosperous new year
[09:57 am] zentrader : took 1/4 on MJN at
65.32
[10:00 am] desaist : ALXN…
[10:00 am] michael : rusty, 5 minute candle
at 9:50 offered a pretty good entry short
[10:00 am] michael : 9:40, not 9:50
[10:03 am] mikewd2 -: MJN new lod[10:07 am]
rusty : MJN trading rather orderly
[10:08 am] apple : nice on MJN zen[10:09 am]
rusty : MJN
http://my.jetscreenshot.com/demo/20111223-kku
d-315kb.jpg
[10:10 am] rusty : nice regression line
[10:11 am] michael : do you draw that line
rusty or is it a study?
[10:12 am] rusty : hand drawn
[10:13 am] rusty : gives me the big
picture
[10:14 am] rusty : now MJN is moving away
from the regression line
[10:14 am] zentrader : more fear
infiltrating MJN
[10:15 am] michael : rusty, how are you
picking your points?
[10:16 am] rusty : through the lower
tops…it’s not perfect…just reminds me of
direction so I trade with the trend
[10:17 am] rusty : and not try to fight it
too much
[10:17 am] joeytsa : makes a ton of sense
rusty
[10:17 am] rusty : and as MJN gets further
from the line up or down the more its apt to
bounce back toward it
[10:18 am] rusty : like a giant bungee
cord
[10:18 am] Ed : reversion to the mean
[10:20 am] derns : desaist…there goes your
ALXN
[10:21 am] rusty :
http://my.jetscreenshot.com/demo/20111223-tz1
2-322kb.jpg
[10:21 am] rusty : MJN
[10:22 am] apple : L MJN 64.24
[10:23 am] rusty : MJN down channel
http://my.jetscreenshot.com/demo/20111223-ox1
e-317kb.jpg
[10:23 am] rusty : roughly drawn
[10:25 am] rusty : VIX hod[10:25 am] mikewd2
-: yep
[10:25 am] mikewd2 -: ty rusty
[10:25 am] rusty : VXX pardon
[10:25 am] rusty : market up and VIX
up…gotta love it
[10:25 am] mikewd2 -: obama finally talking
tax cut extension
[10:29 am] rusty :
http://www.amazon.com/Real-Estate-Boom-Will-B
ust/dp/0385514352 My favorite real estate
book
[10:29 am] rusty : from the former head of
the realtor association
[10:29 am] rusty : look at the cover
picture
[10:29 am] joeytsa : haha[10:32 am] rusty :
KMR sorta radar
[10:32 am] rusty : new highs
[10:33 am] rusty : all time highs
[10:37 am] rusty : SPY very low volume as
expected
[10:38 am] rusty : looks like near lowest
volume of year
[10:40 am] zentrader : let’s see if MJN can
go all the way to VWAP on 1 min chart
[10:40 am] zentrader : lol[10:42 am] rusty
:
http://my.jetscreenshot.com/demo/20111223-aqw
l-319kb.jpg MJN
[10:45 am] rusty : regression line like a
magnet today
[10:47 am] mikewd2 -: MJN L 64.34
[10:47 am] weston : question here, kinda out
topic, I am just going to open the TS
account, the real time data fee have to pay?
extra?
[10:47 am] mikewd2 -: stop below 64
[10:48 am] mikewd2 -: i had to select the
feeds i wanted, not sure I’m paying for them
– but maybe.
[10:48 am] mikewd2 -: Ed, will be able to
answer that.
[10:49 am] mikewd2 -: he’s a TS guru
[10:49 am] bopphaley : $1 per feed. $3 for
all three per month
[10:49 am] mikewd2 -: if you trade enough, do
you get that free also?
[10:49 am] bopphaley : No
[10:50 am] bopphaley : Non negotiable, they
told me
[10:50 am] mikewd2 -: ok, np – i like the
platform it’s worth it
[10:50 am] bopphaley : I buy nas &
nyse[10:51 am] mikewd2 -: i selected the same
that Ed had, can’t remember what i
selected.
[10:52 am] Ed : best to check with ur
contact, I don’t pay any fees.
[10:52 am] Ed : said another way, I do enough
in trades that it covers cost
[10:52 am] mikewd2 -: go MJN
[10:53 am] bopphaley : My radar and monthly
fee is covered. They told me markets were
non neg. If you get those free I want your
rep
[10:53 am] mikewd2 -: either way, i’ll make
up the money with better short inventory,
lower commissions
[10:53 am] weston : i see, thanks guys
[10:53 am] Ed : are u a subscriber or you use
to trade through
[10:54 am] mikewd2 -: especially on 200-300
share trades
[10:54 am] bopphaley : subscriber
[10:54 am] Ed : that’s the reason
[10:54 am] bopphaley : Has anyone negotiated
lower commission fees with them?
[10:55 am] mikewd2 -: i just got on TS this
month.
[10:55 am] bopphaley : what is trade
through?
[10:55 am] thomasohana : as a platform
[10:55 am] Ed : u use them as ur broker to
place trades in platform
[10:56 am] michael : MJN looks like it’s
wedging into tighter consolidation, just
don’t know which way it’s gonna go
[10:56 am] bopphaley : Thanks. I’ll do some
reading on that.
[10:56 am] mikewd2 -: i was hoping for a
higher high on these bounces.
[10:57 am] mikewd2 -: moved my stop up just
below last low
[10:57 am] Ed : here is my contact at ts,
Ilan Klein 954 652 7422
[10:57 am] bopphaley : Is anyone here
willing to give a small training on small
stocks? I want to love them but I am afraid
of them and I know you should be mindful of
putting too much money at one time as to not
move the market. Thanks for the contact
info.
[10:57 am] michael : one close above the 15
ma on the 5 min would give you some hope
[10:57 am] Ed : ask about any specials they
may have when ur ready
[10:58 am] mikewd2 -: tell him Ed sent you
[10:58 am] mikewd2 -: i think the special is
60 days of free commission
[10:58 am] Ed : forgot that part, thx mike
[10:59 am] willm : LULU new hod[10:59 am]
rusty : bopp, what small stocks you looking
at?
[10:59 am] bopphaley : I’ve been watching
RAM since you mentioned it earlier.
[11:00 am] mikewd2 -: SHLD
[11:00 am] rusty : I think RAM is done
[11:01 am] Ed : bopphaley, if ur a new trader
I would stay with stocks above $20,
[11:01 am] rusty : RAM is very extended and
I would stay away from it long for now unless
you are very fast
[11:01 am] mikewd2 -: probably a very good
idea Ed
[11:01 am] bopphaley : I’m a half year old.
I like $20 stocks as well.
[11:02 am] willm : Ed is LULU shortable?
[11:02 am] rusty : note the huge wick on
RAM’s daily candle
[11:02 am] rusty : = Danger Will Robinson,
Danger
[11:02 am] bopphaley : up today – down
yesterday
[11:03 am] rusty : we can only hope that RAM
gets a bounce
[11:03 am] rusty : so we can short into the
parabolic move
[11:04 am] Ed : willm, we have a dull market
right now, and it’s best not to short a dull
market as a new trader
[11:05 am] mhaus : SFLY
[11:06 am] Ed : drifted from 26.94
[11:06 am] rusty : MJN hugging its
regression line
[11:06 am] jsn13 : Ed did u get that short
at the top?
[11:07 am] Ed : pretty close
[11:07 am] rusty :
http://my.jetscreenshot.com/demo/20111223-fqu
m-307kb.jpg
[11:07 am] mhaus : dropped 35c in 6
minutes
[11:07 am] rusty : MJN
[11:07 am] jsn13 : What price did u get in?
or do u still has a small piece in?
[11:08 am] mikewd2 -: bit surprised i didn’t
get stopped on MJN
[11:09 am] Ed : i played it conservative
today, entry was 26.27
[11:10 am] Ed : normally i would hit it at
26.78 and 2nd entry 26.27,
[11:10 am] jsn13 : i almost went in at 26.20
area also…..but the price move faster than
my limit order….ended up missing it cos don
want to chase….stops become too wide for
me….
[11:10 am] jsn13 : but when i looked back, i
regretted being to stingy on the price…
[11:10 am] Ed : right around holiday time i
play more conservative on entry
[11:11 am] weston : jsn, I feel the same
thing many times
[11:11 am] jsn13 : i thought of that too
especially at 26.2…
[11:11 am] jsn13 : have to limit risk
sometimes…but at least i got the right bar
in mind…..
[11:12 am] Ed : still would have been nice
price after bearish engulfing pattern
confirmed the change in trend
[11:12 am] weston : kinda wanna share my
experience here, I am using TOS now, dun know
why not able to execute my trade in time
always
[11:14 am] mikewd2 -: i have a td accnt and
played with TOS – i didn’t like it
[11:14 am] weston : anyone here got the
similar experience?
[11:15 am] mikewd2 -: at least compared to
TS
[11:15 am] weston : then I was thinking to
switch to either TS or IB
[11:15 am] mikewd2 -: didn’t want to do Ninja
and IB then have to deal with Kinetic,
etc.
[11:16 am] mikewd2 -: i like the all in one
package like TS
[11:17 am] theen3my : weston regarding TS
account, platform fee waived for 5k shares
round trip, but expect to pay about 100 for
data (include LII)
[11:17 am] rusty :
http://www.businessinsider.com/seafood-10000-
times-more-carcinogens2011-12
[11:18 am] lightning : weston, it could have
to do with your computer set up as well. If
you are using a wireless connection, there’s
a small delay. Also, if your internet
service is slower for uploading/downloading,
that can be an issue as well.
[11:18 am] mikewd2 -: didn’t realize it was
that much theen3my
[11:19 am] theen3my : without LII only about
20
[11:24 am] weston : I didn’t use L2 so far,
I have 20mbps here for internet, I think
should be good enough
[11:25 am] rusty : DMND lod[11:25 am] apple
: thx rusty for reminding i got out way too
soon
[11:26 am] rusty : people only like to buy
DMND at the high
[11:26 am] rusty : at the low everyone sells
it
[11:27 am] rusty : good one to sell some
puts on
[11:28 am] rusty : Jan 26 Puts 1.6
[11:29 am] rusty : gives you 24.40 basis
[11:32 am] mikewd2 -: moved into MJN, just to
keep me awake
[11:33 am] joeytsa : mike did you go long
and short just to break even 🙂
[11:33 am] mikewd2 -: thinking about taking
my $35 profit and calling it a day
[11:33 am] mikewd2 -: that would have been
better idea, joey
[11:33 am] mikewd2 -: no risk, but the
thrill
[11:34 am] theen3my : just looked basic data
for TS is 3(amex,NYSE,NASDAQ), Level II is
additional 11 and full market depth another
25. So 47 for full data 3 for minimum
[11:34 am] joeytsa : people do that at the
track all the time..just make bets to keep in
action
[11:35 am] Ed : not bad for cost of doing
biz
[11:35 am] mikewd2 -: i didn’t get Level
II
[11:35 am] mikewd2 -: MJN on the move
[11:36 am] joeytsa : i assume that you would
need to get level 2 in order to have access
to level3?
[11:36 am] qwert : mike i hope your long on
mjn nice pop
[11:36 am] mikewd2 -: yeah, still in
[11:36 am] theen3my : If i was a pro
probably use esignal/IB or
esignal/lightspeed[11:37 am] willm : MJN
up
[11:37 am] theen3my : good one!! I use TS
because cheap to me
[11:37 am] theen3my : but adequate
[11:38 am] Ed : actually all that u mention
are great platforms for trading
[11:38 am] weston : what u use Ed?
[11:38 am] mikewd2 -: Ed, you staying on TS
now that you’re a TSA’er[11:38 am] theen3my
: TS seems to lock up on me sometimes,
particularly with a lot of charts open
[11:38 am] Ed : tradestation and
esignal[11:39 am] Ed : i really like both
[11:40 am] theen3my : All I want for
christmas is esignal!!
[11:41 am] Ed : been with tradestation since
98, and esignal 2years cant part with
either
[11:43 am] theen3my : esignal
pricing/packages is confusing
[11:43 am] mikewd2 -: i thought so also
[11:45 am] joeytsa : i just signed up and am
all confused theen haha[11:45 am] lightning
: theen3my, you are right it’s confusing.
It’s better to call them up and tell then
what you are looking for.
[11:46 am] joeytsa : still can’t link
lightning..arrggg hah
[11:46 am] thomasohana : Ed, just curious
what you use for scanning software?
[11:47 am] lightning : maybe it doesn’t work
in v.11? Next bet is to reboot esignal
and/or LS and try it again.
[11:47 am] joeytsa : trying that now
[11:47 am] jsn13 : Wow look at SFLY….bout
4% move….
[11:47 am] Ed : i use a scanner in
tradestation, radarscan,
[11:47 am] thomasohana : ok thx
[11:48 am] jsn13 : Such a waste for not
taking the risk…..
[11:48 am] mikewd2 -: i haven’t figured out
radarscan yet Ed, need to work on that
more
[11:48 am] Ed : i included volatility feature
for one and high/low for universe of
stocks
[11:48 am] Ed : tradestation has a lot of
bells and whistles
[11:48 am] mikewd2 -: i like the hot lists, 2
min movers on TS
[11:49 am] Ed : did not know, seriously
[11:49 am] theen3my : more info mike?
[11:49 am] mikewd2 -: select hot list and
then the 2 min risers/fallers
[11:50 am] Ed : i still play with it and find
new things
[11:50 am] mikewd2 -: rapid risers/fallers
but its 2mins
[11:51 am] mikewd2 -: Ed, did you get the
volume/stochastics in same chart area?
[11:51 am] mikewd2 -: definitely a space
saver
[11:52 am] Ed : i may get chance to do it
this weekend
[11:58 am] bopphaley : Mike, did you get
volume and stochastics on same chart? I
tried several times – forgot to ask phone
support.
[11:59 am] mikewd2 -: you have to grab the
volume and move on top of stochastics. It
will ask for the axis to put the volume
select left.
[11:59 am] Ed : last hour of power
[11:59 am] bopphaley : I will try that.
Thanks.
[11:59 am] weston : lulu, look likes turn
over
[12:15 pm] joeytsa : SPY looks half the
volume of yesterday
[12:19 pm] rusty : lowest of year
[12:24 pm] willm : MJN diving
[12:26 pm] joeytsa : all linked lightning 🙂
ver 10
[12:27 pm] joeytsa : LS/Madscan/Esignal all
linked up nice
[12:30 pm] joeytsa : just have to figure out
how to add/move charts
[12:31 pm] lightning : joey, you can add
charts. Under File, New, select Advanced
Charts. You can have as many as you want.
[12:32 pm] joeytsa : use advanced instead of
standard
[12:32 pm] lightning : I do.
[12:33 pm] joeytsa : weird, when it came
on//the chart was locked into the esig
window..couldn’t move it to another monitor
unless i enlarged it..but then the esig
window went away
[12:33 pm] lightning : To move a chart to
another monitor, you right click on the
chart, select View and then select Float/Dock
Window.
[12:33 pm] joeytsa : i will get the hang of
it
[12:33 pm] joeytsa : i see….and i think
your idea of a 2nd page might work with
linking to a 2nd OE in lightspeed[12:35 pm]
lightning : seems like it could. I haven’t
tried it.
[12:51 pm] willm : Mitch, MJN will go like
this next week?
[12:53 pm] apple : thx for MJN MK
[12:55 pm] rusty : Daytraders getting
trapped in RAM
[12:55 pm] rusty : nice volume too
[12:55 pm] rusty : on radar for next week
[12:55 pm] lightning : Thanks TSA and
everyone. Have a great Christmas (or weekend
if you’re not the Christmas-type) and we’ll
see you back here on Tuesday. Best, all.
[12:56 pm] Ed : take care light
[12:57 pm] joeytsa : Merry Christmas
everyone
[12:57 pm] rusty : Gilbert Gottfried CNBC
[12:59 pm] michael : you too Mitch, thanks
for the room
[01:01 pm] go4it : Thanks mitch for mjn!
Merry Christmas! Have a great Holiday ALL!
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