[06:11 am] Ed : KORS should have some nice
action today
[06:17 am] Ed : potential
plays COH 65.40 long/ short 55.40
( AIG long 33.50/ short 32.90) (ESV
56.60 long/ short 55.70) (SBUX 46.50
long/ short 45.80) on the long/short
play make sure it has strong vol. Advanced
traders can play prior to these
prices
[06:20 am] Ed : potential
plays COH 56.40 long/ short
55.40 ( AIG long 33.50/ short
32.90) (ESV 56.60 long/ short
55.70) (SBUX 46.50 long/ short
45.80) on the long/short play make sure
it has strong vol. Advanced traders can play
prior to these prices
[06:26 am] Ed :
other plays FSLR short 19.80 long 21.10
(WLT short 36.70 long 37.80) (CNQ
short29.90 long 30.60) (X short 22.30
long 23.10) must have strong vol on breakout
or breakout. Advanced traders can play prior
to these prices
[06:27 am] Ed : also
monitor KORS for multiple trades
[06:28
am] Ed : Mitch may message me ideas like he
did yesterday if I fire out ideas make sure
ur looking at chart and see if it fits ur
style long/short, if not pass. There will be
more quality ideas coming
[06:30 am] Ed :
let price come back
[06:30 am] Ed : EBAY
is breakout dont chase
[06:31 am] Ed :
monitoring KORS for long play
[06:32 am]
Ed : LNKD also breakout
[06:34 am] Ed : it
was quick hope u were able to reduce long on
KORS
[06:35 am] Ed : see if 105 area
holds
[06:35 am] Ed : monitor LNKD on
this pullback
[06:36 am] Ed :
NCR
[06:37 am] Ed : KORS MT
KMT NSM
[06:38 am] Ed : missed the
NFLX breakout
[06:39 am] Ed : NCR getting
more interesting
[06:39 am] Ed :
GDI EL CVLT
ABMD MCRS
[06:40 am] Ed : nice
bounce in NCR
[06:41 am] Ed : monitor VELT
on this pullback for potential long no hurry
[06:42 am] Ed : if u took NCTR long would
reduce
[06:42 am] Ed : if u took LNKD long
would reduce
[06:43 am] Ed : AMZN wants
higher
[06:44 am] Ed : see if we can get
pullback that holds 235.9ish
[06:45 am] Ed
: CIE monitrong for short
[06:45 am] Ed :
if u took NCR would reduce more
[06:46 am]
Ed : on CIE a move inot 22.8ish area would be
optima;
[06:47 am] Ed : EL monitor in the
60 area been acting as resistance
[06:47
am] Ed : u can always get signal b4 then so
be flexible
[06:49 am] Ed : monitoring TFM
for short
[06:49 am] Ed : no vol on this
move on KORS so far
[06:50 am] Ed :
monitor this pullback in AMZN see if
234.71area holds
[06:50 am] Ed : let TFM
setup
[06:51 am] Ed : if u took NSM short
would cover
[06:51 am] Ed : KORS making
another attempt but no vol.
[06:52 am] Ed
: monitroing VRTX for short
[06:53 am]
Mitch K: watching NCR for short
here
[06:53 am] Ed : let it
setup
[06:54 am] Ed : SPY trading near
lod
[06:56 am] Ed : if u took VRTX short
would cover some here
[06:58 am] Ed :
moniotoring CLF no hurry
[07:02 am] Ed :
CLF needs more selling
[07:02 am] Ed :
monitoring HNZ for potential short would like
move into 56 area
[07:07 am] Ed : if u
took WLT would cover some
here
[07:11 am] Ed : montirong MAKO for
short
[07:14 am] Ed : monitoring RHT for
bounce
[07:19 am] Ed : monitor TRIP in the
33.52 area, been weak since
yesterday
[07:21 am] Ed : would like tad
more
[07:21 am] Ed : finnally getting more
selling in CLF
[07:22 am] Ed : would like
to see successive strong selling
bars
[07:23 am] Ed : dont want 1 selling
bar then rest then resumption of
downtrend
[07:26 am] Ed : if market sells
off heavy monitor TRIP for break of lod on
strong vol for short
[07:32 am] Ed :
moniotor NSM for 2n helping short
[07:34
am] Ed : see if we get lower high on
NSM
[07:38 am] Ed : if u took HNZ short
would cover some here
[07:52 am] Ed : if u
took AIG long over 33.50 would
reduce
[07:54 am] Mitch K: for your
viewing pleasure. will be back in
action tomorrow with regular computers.
http://www.screencast.com/t/bIdb8cfS
[07:5
7 am] Mitch K: he kept coming and grabbing
the good quality fish so i ended up fishing
for spawners just for him
[08:06 am] Ed :
not much money at this level in COF
short
[08:20 am] Ed : if u took COH short
beaking 55.40 would cover
[08:51 am] Ed :
would like move closer to 54
[08:51 am] Ed
: wathcing VRTX for short thx qwert
[09:17
am] Ed : my comments at 09:03 am] Ed : would
be more patient on VRTX short, breaking out
on 2 day and 15 day
[09:03 am] Ed : or
really really fast fast trigger
[09:03 am]
Ed : would be more patient on VRTX short,
breaking out on 2 day and 15 day
[09:05
am] Ed : so this am I knew how it closed
based on my chart setup but will draw what
was looking at
[09:05 am] Ed : right quick
this is 1min 2day chart of
FSLR
[09:06 am] Ed : I did not want to
short 20 so I used .20 from 20 area for short
setup as to stay away from fakeout
[09:09
am] Ed : so for long play on FSLR was looking
for 21.10
[09:10 am] Ed : Its just one
technique to play outside of ranges. But as
advanced traders we play inside/outside the
ranges
[09:12 am] Ed : this is what I saw
on VRTX although I got the short but was
quick
[09:13 am] Ed : thats the 1min
2day
[09:14 am] Ed : when I glanced at
15min chart thats when I alerted u guys on
what i saw
[09:15 am] Ed : nice breakout
but was not on my radar screen
[09:16 am]
Ed : patience for the trade
[09:16 am] Ed
: Dar she goes
[09:18 am] Ed : Ed’s entry
would be some vhere is this area if i had
shorted
[09:19 am] Ed : 54.14 would have
been good also eyes as u had nice break of
trend
[09:24 am] Ed : if u were able to
get VRTX short would cover nice call per the
QWERT ALERT
[09:44 am] Ed : Kors
having issues all day with 49area
[09:59
am] Ed : not enough money at this
level
[09:59 am] Ed : VMED has potential
resistance in 27.80 area but I would like a
move into 28 to consider short
[10:20 am]
Ed : SPY nearing lod
[10:36 am] Ed :
monitoring VSI would like more
selling
[10:53 am] Ed : vol still thin on
VSI
[11:04 am] Ed : NFLX on move
[11:06
am] Ed : just menitoning not saying
buy
[11:06 am] Ed : NFLX raised to a
buy
[11:06 am] Ed : see how NFLX reacts to
63.5ish area if gets that far
[11:09 am]
Ed : yea no hurry they may try one last
push
[11:10 am] Ed : there it
goes
[11:11 am] Ed : dont forget KORS
also
[11:16 am] Ed : NFLX getting close to
63.58 area
[11:17 am] Ed : no rush see how
stock reacts to that aea
[11:17 am] Ed :
placing stop last 1/4 KORS long at
breakeven
[11:17 am] Ed : on KORs im
reducing 3/4 long
[11:18 am] Ed :
still no signal for short on
NFLX
[11:33 am] Ed : comment on NFLX
[11:21 am] Ed : see if can get one last
bounce near hod forming lowere high
[11:21
am] Ed : see if can get one last bounce near
hod forming lowere high
[11:49 am] Ed :
thx rusty for AMCX idea
[11:49 am] Ed :
monitroing AMCX for potential bounce to take
long
[12:13 pm] Ed : SPY new lod
[12:13
pm] Ed : SPY trading near lod
[12:33 pm]
Ed : more selling in SPY
[01:00 pm] Ed :
have a great evening
| [05:58 am] Ed : I got the pop but did not
play short, I was exhausted
[05:58 am]
doji : Are you long in KORS?
[05:58
am] Ed : no. I bought right at 8am
[05:58
am] Ed : I sold it at 48.63
[05:59 am]
mikewd2 -: nice Ed
[05:59 am] Ed :
squeezed a point
[05:59 am] doji :
Ed, does TS allow you to place Market Stop
losses in pre-market? TOS doesn’t
[05:59
am] doji : only limit
[06:00 am] Ed
: right only limit pre and post
[06:00 am]
doji : thanks
[06:02 am] Ed : it had
nice short KORS but did not take was
studying
[06:03 am] khall : good
morning
[06:05 am] Ed : be really nice a
move to 45ish area on KORS would set up nice
potenital long. Has some support in that
area
[06:06 am] mikewd2 -: nice head and
shoulders
[06:06 am] Ed : twue
[06:07
am] doji : if it drops and hold above
45, that will be a nce setup for a
long
[06:08 am] Ed : even has some support
45.6ish
[06:09 am] Ed : should get a break
one way or other on EXH
[06:12 am]
doji : Net neraly trippled
[06:12
am] doji : KORS
[06:13 am] Ed : nice
break of downtrend
[06:14 am] Ed : for
quick cheese, did not play though
[06:18
am] mikewd2 -: COH 65.40?
[06:18 am] Ed :
thx mike meant 55.40
[06:18 am] mikewd2 -:
how about 56.40
[06:20 am] Ed : thx
mike
[06:20 am] Ed : time for vacation
when numbers run together
[06:21 am]
doji : Thnks Ed!
[06:23 am] Ed :
other plays FSLR short 19.80 long 21.10
(WLT short 36.70 long 37.80) (CNQ
short29.90 long 30.60) (X short 22.30
long 23.10) must have strong vol on breakout
or breakout. Advanced traders can play prior
to these prices
[06:23 am] gregs :
thank you ed
[06:24 am] eyes : Ed
how do i tighten the range on a
chart
[06:24 am] eyes :
horizontly
[06:25 am] Ed : Mitch may
message me ideas like he did yesterday if I
fire out ideas make sure ur looking at chart
and see if it fits ur style long/short, if
not pass. There will be more quality ideas
coming
[06:25 am] mikewd2 -: Mitch still
working on his trailer?
[06:25 am]
khall : thanks Ed – I liked the way you
handled that yestereday
[06:26 am] Ed :
appreciate it khall
[06:26 am] mikewd2 -:
watching MCP today
[06:27 am] Ed : can
someone else help eyes with chart
question
[06:27 am] doji : Thanks
Ed.
[06:27 am] gregs : eyes, are you
using ninja?
[06:27 am] eyes : on
ts
[06:27 am] Ed : tradestation
[06:27
am] doji : I hope one day I’ll have
enough time to review my charts well in
advnaced before the market opens
[06:28
am] doji : I just put all the
alarms
[06:28 am] mikewd2 -:
|<>| try that button
eyes
[06:28 am] victor51 : gm all, I
will be here for next hour
[06:28 am]
mikewd2 -: to expand time
[06:29 am]
skydiver : gm all
[06:29 am]
doji : Time to Rock!
[06:30 am]
khall : watching HD
[06:32 am]
mikewd2 -: NUS
[06:33 am] mikewd2 -:
IOC
[06:34 am] doji : LNKD
S
[06:35 am] doji : 106.1
[06:35
am] doji : all out
[06:35 am]
mikewd2 -: covering half NUS
[06:36 am]
mikewd2 -: trailing last half
[06:36 am]
doji : all out COH short
[06:37 am]
mikewd2 -: all out NUS short
[06:39 am]
doji : AAPL nice move
[06:39 am]
doji : NFLX
[06:41 am] mikewd2 -:
in/out NCR long – thanks Ed
[06:41 am]
mikewd2 -: NCR has more downside i
think
[06:42 am] doji : Oil stocks
holding
[06:43 am] mikewd2 -: CJES L 19.3,
daytrade
[06:46 am] doji : Only one
trade in LNKD and NFLX… hummm
[06:47 am]
mikewd2 -: got out NCR way to
early!!!
[06:47 am] doji : APPL in
ist quest to 644
[06:51 am] skydiver
: lost connection — but CF dropping nicely
🙂
[06:52 am] doji : KORS
consolidating?
[06:53 am] skydiver :
covered 3/4 CF S
[06:54 am] doji :
Watching FSLR
[06:55 am] doji : Mike
stop pumping CJEs… it’s the only stock
moving up… hahahah
[06:55 am] mikewd2 -:
MCP
[06:55 am] doji : MCP
[06:55
am] skydiver : all out of CF
S
[06:56 am] qwert : VELT coming
down
[06:57 am] skydiver : argh –
had EL on screen and missed the short – need
coffee!
[07:00 am] doji : APPL
stromg today
[07:01 am] mikewd2 -: CLF L
42.10
[07:02 am] mikewd2 -: CLF looking
ugly on daily
[07:02 am] mikewd2 -: MCP
nearing $12.00
[07:02 am] skydiver :
thnx Ed on CLF
[07:03 am] doji : MCP
weaakkk
[07:03 am] mikewd2 -: MCP L
12.00
[07:03 am] doji : same as
FB
[07:03 am] skydiver : watching CF
for another possible short – small
one
[07:03 am] doji : MCP
S
[07:03 am] doji : 12.0
[07:04
am] doji : tight stop
[07:04 am]
mikewd2 -: one of us should win
doji
[07:04 am] mikewd2 -: haha
[07:04
am] doji : at b/e now
[07:04 am]
doji : Ouch sorry Mike, didn’t see your
post
[07:04 am] doji : KCG
[07:06
am] mikewd2 -: NUS still weak
[07:06 am]
mikewd2 -: closed my short too
early
[07:06 am] skydiver :
monitoring CRM
[07:08 am] rusty :
NUS radar
[07:09 am] victor51 : Ed,
nice call NCR at 6.38 am. You can answer me
latter on. I entered L 6:42 but how do we
tell that second bar was not a fake for long.
I will wait
[07:10 am] victor51 :
will cyou …
[07:11 am] eyes : what
was your stop Victor
[07:13 am]
victor51 : eyes, 23.00 and
close
[07:13 am] Ed : market seems
sluggish
[07:14 am] khall : yes,
like it needs a shot of espresso
[07:15
am] mikewd2 -: out CJES 19.58
[07:15 am]
skydiver : nice mike
[07:15 am]
mikewd2 -: TSO dropping, still short from
yesterday
[07:16 am] rusty :
‘
[07:16 am] doji : Waht was your
entry in TSO Mike?
[07:17 am] mikewd2 -:
38.80 was last, so just getting back to
money
[07:17 am] mikewd2 -: was going to
double down this morning, but got
sidetracked
[07:18 am] mikewd2 -: don’t
like the refineries with this spread on wti,
brent
[07:18 am] doji :
Why?
[07:19 am] mikewd2 -: i read
something that said they do much better when
spread is closer
[07:19 am] mikewd2 -: NUS
still weak
[07:20 am] jolliffboy :
Ed: GRPN took a big hit with downgrades. Do
you have a wild guess as to
bottom??
[07:21 am] mikewd2 -:
CLF
[07:22 am] skydiver : does tad –
$1.00 more or ??? 🙂
[07:22 am]
skydiver : thnx Ed
[07:22 am]
rusty : PPHM lod come to papa
[07:23
am] ben4givn : Ed, I notice the
Commodity Channel index on all charts.
Do you get any value from that?
[07:23 am]
skydiver : gotcha Ed -thnx
[07:23
am] mikewd2 -: come to papa TSO
[07:23 am]
eyes : for s CLF
[07:23 am] Ed : for
long play
[07:23 am] mikewd2 -: to go long
on CLF
[07:23 am] skydiver : CF
dropping again —
[07:24 am] Ed : no just
took it off ben4given
[07:24 am]
ben4givn : Thx
[07:24 am] doji
: I am closing my short in MCP here; don’t
like the action after 25 minutes
[07:24
am] doji : It’s all yours
Mike
[07:24 am] skydiver : love CF
past couple of days
[07:24 am] Ed : ur a
patient man mike
[07:25 am] rusty :
covered PPHM from am gap + .45
[07:25 am]
rusty : come to papa TSO
[07:27 am]
skydiver : covering CF S
[07:27 am]
skydiver : watching CRM
[07:28 am]
skydiver : FFIV – monitoring
[07:29
am] qwert : HNZ turning over
[07:30
am] gregs : KORS near lod
[07:30 am]
skydiver : thnx qwert
[07:30 am]
doji : Watching FSLR
[07:31 am]
rusty : covered PPHM from yesterday
+.40
[07:32 am] mh : Great trade
rusty should have joined you almost
did
[07:33 am] rusty : it’s gonna go
lower but they have a presentation tomorrow,
so hopefully a bounce somewhere
[07:33 am]
mh : pig get ———-!!!!!!
[07:33
am] mh : good % win
[07:34 am]
doji : More selling in SPY
[07:35
am] doji : FSLR
[07:38 am]
rusty : CVLT radar
[07:39 am]
skydiver : covered 1/2 HNZ S
55.63
[07:43 am] skydiver : humm –
is the paint dry yet?
[07:45 am]
skydiver : KORS has come up a
bit
[07:46 am] rusty : PPHM
bounce
[07:50 am] qwert : monitoring
SHLD
[07:50 am] rusty : PPHM on
record volume pace today
[07:51 am]
khall : SHLD is at yesterday’s high
qwert – good place to monitor 🙂
[07:52
am] qwert : 🙂
[07:55 am]
cowboyh : sounds good mitch
[07:55
am] khall : nice video!
[07:56 am]
skydiver : Bear caught a nice fish –
but how’s the camera?
[07:57 am]
qwert : hahaha
[07:57 am]
skydiver : nice
[07:57 am]
serge : cool…salmon cam:)
[07:58
am] qwert : Forgot no shares shld for
short on lightspeed
[07:59 am] khall
: bummer
[07:59 am] skydiver : yeah
qwert — I’ve tried in the past with
Lightspeed on SHLD for shorts – but
none
[07:59 am] qwert : did you get
it khall
[07:59 am] khall : no, I’m
already up to my limit in number of trades at
one time. I’m just watching
[08:00
am] qwert : nice what is your
number
[08:00 am] khall :
five
[08:00 am] khall : and I’m up,
so I’m trying to not perform any stupid
trader tricks, like losing money
[08:00
am] qwert : hard for me to do over 5 as
well
[08:01 am] skydiver : ok – my
time’s up — see you all tomorrow morning
–
[08:01 am] qwert :
hahaha
[08:01 am] khall : bye
sky!
[08:01 am] qwert : cya
sky
[08:01 am] skydiver :
🙂
[08:01 am] Ed : c ya sky
[08:01 am]
khall : FSLR dropping
[08:04 am]
rusty : added to PPHM short
[08:12
am] qwert : Monitoring PHM
[08:13
am] rusty : ASTI radar
[08:17 am]
eyes : for S QWERT
[08:17 am]
pirate : nice bear kisses
Mitch….lol
[08:18 am] qwert :
wanted to see a big push higher first eyes
into resistance
[08:18 am] rusty :
added to TSO short
[08:20 am] qwert
: ESV approaching 55.70
[08:21 am]
eyes : I had a lert but missed
it
[08:26 am] mh : TSO chart looks
like a bullshort ?
[08:29 am] doji :
At this pace APPL will break 644
today
[08:30 am] doji : I shouldn’t
have sold my long at 618
[08:30 am]
rusty : yes i am treating TSO sorta
like a bullshort
[08:31 am] rusty :
ss into pops
[08:31 am] mikewd2 -: me
too
[08:32 am] qwert : KORS at the
low end of todays range again
[08:32 am]
mikewd2 -: CLF coming back a bit
[08:35
am] eyes : missed FSLR broke
19.80
[08:35 am] Ed : i missed FSLR
also
[08:36 am] rusty : TLT
lod
[08:37 am] jsn13 : Ed, where
would be the best place to short FSLR? is it
at 11.01 est bar?
[08:38 am] mh : my
TSO stop is 40.20 just above piviot
[08:38
am] Ed : i gave trigger prices
earlier
[08:39 am] rusty : my name
is Ed Brown, ask me again and I will knock
you down
[08:39 am] Ed : lol
[08:39 am]
Ed : was looking for break of 19.80
jsn
[08:40 am] doji : LNKD
[08:40
am] khall : CRM has been consolidating
for a while now
[08:44 am] jsn13 :
sorry ed, my adobe flash crashed and had to
reload so lost the calls from early
am….where did u get that 19.80?
[08:44
am] eyes : Ed would you S CRM below
102.90
[08:44 am] Ed : from trade mapping
based on 15min chart
[08:44 am] eyes
: yes
[08:45 am] Ed : which stock
eyes?
[08:45 am] eyes :
crm
[08:46 am] khall : eyes, do you
mean $142.90?
[08:46 am] eyes :
sorry LNKD
[08:48 am] Ed : normally I
would but LNKD has too many confluences of
ma’s underneath down to 101 area
[08:49
am] eyes : OK thank I see that
now
[08:49 am] qwert : MAKO broke
out
[08:49 am] jsn13 : thanks
ed….could u show us how u map FSLR on 15
min chart?
[08:50 am] qwert :
VRTX
[08:54 am] eyes : Ed do you
Ever Short when a Green candle is showing
weakinss like on VRTX 11.52
[08:54 am] Ed
: its more advance but yes, I have to see
buyers drop off using time and
sales
[08:55 am] eyes : ok
thankyou
[08:56 am] rusty : NOW
radar
[08:57 am] Ed : I do it sometimes
but would prefer that one waits for
signal
[09:03 am] mikewd2 -: thanks
Ed
[09:04 am] rusty : VRTX
radar
[09:07 am] jsn13 : ok
understand ed….
[09:09 am] Ed : so u
pick out about 3 to 6 potential longs and 3
to 6 potential short. U map out the
long/short for both sides This helps u to
stay flexible
[09:10 am] rusty :
PPHM coming to papa again
[09:11 am] Ed :
Papa Rsuty
[09:11 am] jsn13 : so ed,
u want obvious break of lod/hod to enter to
prevent fake breakouts right?
[09:12 am]
jsn13 : ok i get it….
[09:12 am]
Ed : right and entry is key also. like on
FSLR not shorting 20 or 19.95
[09:13 am]
jsn13 : i shorted at 19.92 at 11.01
bar…out BE when it did not break down
fast…..
[09:16 am] jsn13 : did u
short VRTX again? where was ur
entry?
[09:16 am] Ed : I wish was showing
charts
[09:17 am] jsn13 : ok if u
take it wherw would the entry be?
[09:18
am] eyes : I had a or der to s 100 did
nt get filled 54.14
[09:19 am] rusty
: VRTX coming to papa
[09:19 am]
jsn13 : u mean when it break the tight
range with volume?
[09:19 am] Ed : my
entry would be where i place
[09:20 am] Ed
: the <
[09:20 am] Ed : u could use
that but I watch action of price
[09:20
am] jsn13 : what was ur signal then? i
understand but i would like to know
reasons…
[09:21 am] Ed : i just told
u
[09:21 am] rusty : Ron Palillo,
Arnold Horshack on ‘Welcome Back, Kotter,’
dies at age 63
[09:21 am] jsn13 : ok
thanks…
[09:21 am] jsn13 : watch
price actions….
[09:21 am] Ed : look at
price and vol,, having issues getting above
54.42
[09:21 am] jsn13 : have alot
of rejections to higher prices…
[09:22
am] Ed : right sometime u may be wrong, but
with price action u can see it
quickly
[09:22 am] Ed : hey mike did u
short VRTX at all?
[09:23 am] Ed :
sometimes jsn its just that simple
[09:23
am] jsn13 : ok thanks for the advices
ed….
[09:24 am] qwert :
hahaha
[09:24 am] Ed : we just tend to
complicate things, we here how many people
fail in trading and think it has to be more
to it than meets the eye
[09:25 am] Ed :
mike went on vacation again
[09:25 am]
doji : He is chasing CJES
[09:25 am]
Ed : or ignoring me cuz i said he works
bankers hours
[09:28 am] Ed : Im woke
now
[09:28 am] qwert : uh oh eds got
sound effects
[09:29 am] jsn13 : ed,
to be honest, i think there are more
subconcious thoughts going on in ur
mind….but i wil do more study on
this….
[09:30 am] qwert : KORS on
the move again
[09:30 am] Ed : very true
jsn, its a constant battle
[09:31 am]
doji : Jason studying Ed’s
mind?
[09:32 am] eyes : Ed I am
trying to figure out how to show a 2 day
chart like yours on trade station
[09:32
am] doji : That is Ed Man (on the
screen)
[09:32 am] doji :
hahaha
[09:32 am] jsn13 : haha
learning from pro traders like ed….1st ur
have to go into his mind to have his
perspectives….
[09:33 am] Ed : thats
scary
[09:33 am] doji :
ouchhh
[09:33 am] jsn13 :
hahaha….
[09:33 am] doji : Better
you blank your mind Ed or Jason will get all
your screts…
[09:33 am] Ed : i sent u a
chart from my tradestation jason
[09:34
am] jsn13 : cos for ed, trading is so
easy…but im fighting to be in green
everyday….
[09:34 am] Ed : i know, he is
already the smartest in canada
[09:34 am]
Ed : know matter how good u get u will have
battles
[09:34 am] eyes : Dont feel
bad me to Jason
[09:34 am] Ed : it cuts
both ways
[09:35 am] jsn13 : haha
where did u sent to the chart to ed? my
email?
[09:36 am] doji : To you
mind
[09:36 am] Ed : i had my first losing
day last thursday in over 30 days. So, I had
to slap myself a few times after market
closed. It really can mess with you. So
having success can be just as bad if not
handled correctly
[09:36 am] doji :
Didn’t you say you can read Ed’s
mind?
[09:36 am] jsn13 :
ooopppss…
[09:36 am] jsn13 : pls
dont tell others bout this
secret…haha…
[09:37 am] Ed : jsn can
read my mind????
[09:37 am] jsn13 :
i had 2 consecutive down reds yesterday and
so far today,…after 7 green weeks out of
last 8 weeks…
[09:37 am] Ed : It trully
is so mental when it comes to
trading
[09:37 am] Ed : nice jsn
[09:38
am] jsn13 : 1st 2 consecutive red
days….
[09:38 am] gregs : had 4
consecutive down days last week jsn, no
fun
[09:38 am] jsn13 : wow ed, u
stll have losing days?
[09:38 am] Ed : it
will happen
[09:38 am] Ed : of course but
few and far between
[09:38 am] doji
: AAPL coming dwon
[09:39 am] doji :
down
[09:39 am] jsn13 : it is as
impossible as winning a lottery….
[09:39
am] Ed : no as trader u get proficient u have
much better odds
[09:40 am] jsn13 :
as in having a down day for u, ed is like
winning a lottery….too low the
odds….
[09:40 am] Ed : Its like if i
trade fewer than 10 trades I know my % will
be 80%, if I trade less than 5 is more than
likely 100%
[09:40 am] Ed : o got it
jsn
[09:40 am] leduc : Hi I’m a new
comer …
[09:40 am] jsn13 : then
juz take 5 trades then ed….increase ur
position size….
[09:40 am] jsn13 :
problem solved….
[09:41 am] Ed : i do
most days 12 or less, then once out of month
i trade like yesterday
[09:41 am]
jsn13 : welcome to the room
leduc….
[09:41 am] Ed : welcome
leduc
[09:41 am] qwert : welcome
leduc
[09:41 am] Ed : We have a 2nd
moderator Mitch, he has been out last 2 days
but will be back full swing 2morrow
[09:41
am] jsn13 : so ed, did u send me a
chart? i did not receive anything?
[09:42
am] Ed : no I sent it to eyes, he want my
setup for tradestation
[09:42 am] Ed :
charts
[09:42 am] leduc : thanks
ED
[09:42 am] jsn13 : ok no prob
misread it….
[09:42 am] Ed : is this ur
1st day leduc?
[09:43 am] leduc :
YES i’M ON THINKOR SWIM AT THE SAME
TIME
[09:43 am] leduc : sorry cap
lock
[09:43 am] Ed : In summer its kind of
slow, however we do get lot of ideas first 45
to 90minutes of trading day
[09:44 am]
eyes : I didnt get it Ed
[09:44 am]
leduc : I see kors doing
great
[09:44 am] Ed : I would trade in a
simulator account to get feel of
room
[09:44 am] Ed : will resend
it
[09:44 am] eyes :
thanks
[09:45 am] qwert : Been going
back and forth between 48 and 49 all
day
[09:46 am] shark : thx, Ed –
KORS
[09:47 am] leduc : ED do you
think KORS is ready for a up trend?
[09:47
am] Ed : wow I thought it was 2:00pm
est
[09:47 am] Ed : its stuck in trading
range
[09:47 am] Ed : I would not trade it
until it can get out of range
[09:48 am]
leduc : trading range means
sideways ?
[09:48 am] qwert : i keep
waitin for the break of the lod
[09:49 am]
Ed : ludec I will x out the current
range
[09:50 am] Ed : hope that
helps
[09:50 am] leduc : ooh ok this
is you doing this
hahaha
[09:50 am] Ed : yes
[09:50 am]
leduc : Thx
[09:51 am] qwert :
he draws cartoons as well
[09:51 am]
shark : lol
[09:51 am] cowboyh
: Ed magical
[09:51 am] qwert :
hahaha
[09:51 am] rusty :
http://www.businessinsider.com/here-are-the-c
harts-groupon-showed-wall-street-right-before
-its-stock-tanked-2012-8
[09:52 am] Ed :
thx rusty
[09:58 am] shark : FB
testing vwap. nice rally off bottom
[10:01
am] rusty : TSO hod
[10:03 am]
rusty : added TSO s
[10:07 am]
rusty : Tesoro Corp : Moodys
changes Tesoros rating outlook to
negative
[10:09 am] mikewd2 -:
good
[10:09 am] khall : yay for us
and our short
[10:09 am] mikewd2 -: just
added to my short
[10:10 am] shark :
is that for a swing trade on TSO?
[10:10
am] mikewd2 -: mine is a swing yes
[10:11
am] shark : gotcha, thx mike
😉
[10:11 am] eyes : but price is
going up whats up with that
[10:11 am]
shark : still lookin’ steady up,
yeah
[10:11 am] mikewd2 -:
opportunity
[10:11 am] Ed : potential
topping on daily
[10:12 am] eyes :
ok
[10:12 am] eyes : for a
swing
[10:12 am] Ed : right
[10:13 am]
Ed : if does top out shold provide nice
intraday plasy 2morrow
[10:13 am]
doji : Is that fot TSO Ed?
[10:13
am] Ed : top out going into 2morrow
yes
[10:13 am] qwert : Curious where
would you put your stop for that swing short
on TSO
[10:14 am] Ed : U start
small
[10:14 am] doji : above 40 for
sure
[10:14 am] mikewd2 -: yeah above
40
[10:14 am] Ed : right thats good
area
[10:14 am] qwert : it might be
there by the end of the day
[10:15 am]
doji : Sorry but I missed the
discussions
[10:15 am] doji : are
you saying to short it tomorrow?
[10:16
am] Ed : saying once it tops out, will be a
good intraday play as well
[10:16 am]
doji : ah ok, for intraday
[10:16
am] qwert : doji some are shortiing it
now
[10:16 am] qwert : for
swing
[10:16 am] Ed : its putting in
topping action but sometimes it can put that
action in quickly or over some days
[10:17
am] rusty : when stocks are overbought
they can still move up big….start
small
[10:17 am] doji : I saw that
qwert
[10:18 am] Ed : agree with
rusty
[10:18 am] rusty : and add as
necessary…that being said… stopping out
on overbough stocks is often the place you
should be adding not stopping
[10:18 am]
eyes : so only 100 shares sound
good
[10:18 am] rusty : but everyone
has their comfort level
[10:18 am]
rusty : this technique not for those
with limited capital
[10:19 am]
rusty : or acid reflux
[10:19 am]
doji : will start with 20% position
size
[10:21 am] doji : Analyts
saying TSO bought BP’s infrastructure at
reasonable price
[10:22 am] rusty :
so buy it
[10:22 am] rusty :
analysts said to buy FB at 38 for 50 target
too
[10:22 am] doji : I don’t have
Mike’s pockets
[10:22 am] doji : You
got the point Rusty
[10:22 am] doji
: Analyst’s opinions are worth
nothing
[10:23 am] khall : and BP’s
infrastructure likely needs major
updating
[10:23 am] Ed : still waiting for
QCOM to hit 1000. Im not in it though, just
seeing how long it wil take
[10:25 am]
doji : hahah
[10:25 am] doji :
this is from Market Wathc
[10:25 am]
doji : Watch
[10:26 am] doji :
Knight shake off losses
[10:26 am]
doji : Firm’s shares jump more than 6%
following report suggesting Knight has
discovered what triggered a $400-million-plus
trading loss earlier this month
[10:26 am]
doji : YEs of course!
[10:26 am]
doji : After they lost almost 80% in
value
[10:26 am] doji : now they are
celebrating 6% up
[10:26 am] Ed : fat
finger
[10:27 am] qwert : RHT near
lod
[10:28 am] leduc : lod =
?
[10:28 am] Ed : hod= high of day and
lod= low of day
[10:28 am] eyes :
wheres Apple
[10:28 am] leduc :
tks
[10:28 am] Ed : not sure
[10:29 am]
qwert : probably at the track with
joey :))
[10:29 am] Ed : i think he
leaves today right?
[10:30 am] qwert
: cant remember
[10:30 am] doji :
Finally TOS solvedd a problem I had for
months
[10:31 am] doji : I was
seeing delayed quotes when I use two
differents applications
[10:31 am]
doji : I just two one smart guy to
realize what the problem was
[10:32 am]
doji : as in life, we just need to see
problems froma different angle
[10:32 am]
rusty : doji = Nietzsche?
[10:32 am]
doji : ?
[10:32 am] doji :
German?
[10:33 am] rusty :
http://lmgtfy.com/?q=nietzsche
[10:36 am]
leduc : too late to trade VSI
[10:38
am] qwert : zinc
[10:46 am]
qwert : MNST
[10:52 am] doji :
LNKD
[10:53 am] mikewd2 -: CLF approaching
42.50 resistance
[10:54 am] mikewd2 -:
need a push thru
[10:54 am] qwert :
KORS heading for 49 or trying
[10:55 am]
mikewd2 -: NUS off lows nicely
[10:55 am]
Ed : be nice get some consolidaiton in here
and strong vol with break on KORs
[10:57
am] doji : Nice breakdown in
LNKD
[10:58 am] doji : Holding
50dMA
[11:00 am] mikewd2 -: VIX up 8%
didn’t realize
[11:02 am] mikewd2 -: come
on down TSO
[11:03 am] mh : TSO fall
off your cliff
[11:03 am] rusty :
eyes called TSO top
[11:03 am] rusty
: ty eyes
[11:03 am] khall : way to
go eyes
[11:04 am] rusty : this is
typical of how stocks react when very
overbought
[11:04 am] doji :
NFLX
[11:04 am] eyes : S tso.55 out
.10 50 shares
[11:04 am] rusty :
they play with your mind also
[11:05 am]
dmitry : ARNA short?
[11:05 am]
rusty : why post after the
fact?
[11:05 am] rusty : doesnt help
yourself or others
[11:05 am] rusty
: just saying
[11:06 am] mh : TCK
maybe getting some vol down
[11:07 am]
leduc : look like it’s going to be good
to short soon right?
[11:07
am] leduc : NFLX I
meant
[11:07 am] doji : ML upgradedd
NFLX
[11:08 am] Ed : would be patient
on it
[11:08 am] doji : still
watching Ed
[11:09 am] doji : FSLR
regained 20
[11:11 am] doji :
KORS
[11:12 am] mikewd2 -: NUS continues
to slowly move back up off lows
[11:15 am]
doji : KORS breaking down
[11:18 am]
mikewd2 -: no shares to short at etrade on
NFLX
[11:19 am] mikewd2 -: need TSO to
break 39
[11:20 am] rusty :
need?
[11:20 am] rusty : or
want?
[11:20 am] mh : leap maybe
breaking
[11:20 am] rusty :
🙂
[11:20 am] Ed : baby nees some
shoes
[11:20 am] rusty :
lol
[11:20 am] Ed : nees=needs
[11:21
am] eyes : how about now Ed
[11:24
am] doji : Aggg lost FSLR move above
20
[11:26 am] mh : TSO broke 39
yes
[11:29 am] Ed : NFLX had consolidated
the whole day
[11:29 am] doji :
Watching MNST
[11:30 am] Ed : better yet
traded in small range
[11:30 am]
doji : FSLR nice recovery
[11:30 am]
eyes : I S .53 NFLX
[11:31 am] Ed :
hey eyes once u did not get breakdown u could
have stop for tiny loss like few cents. makes
sure it does not take out hod
[11:32 am]
Ed : when draw the area
[11:33 am]
doji : Watching PCLN
[11:33 am] Ed :
also my comment had mentioned waiting for
another move near hod,
[11:33 am]
ben4givn : vvus
[11:34 am]
eyes : ya and then i saw the trend
line
[11:34 am] Ed : no sweat, learn from
and if it happens again 4 lashes
[11:34
am] eyes : should i just take the
loss
[11:35 am] Ed : will let u make that
call, but definitely if takes out hod u want
to be out
[11:36 am] Ed : nice doji on
PCLN
[11:36 am] Ed : u still in
eyes
[11:36 am] doji :
Thanks
[11:37 am] doji : Nice
breakout in MNST also
[11:37 am] Ed : see
if can lose that area of .5oish
[11:38 am]
Ed : where hotizontal trendline is
drawn,
[11:38 am] Ed : on chart in room
the blue line
[11:38 am] eyes : out
-.14
[11:39 am] doji : LNKD
breakdown
[11:39 am] Ed : id rather u make
that call on getting out, but what u do is u
can drawn trendline and then let stock tell u
if ur on the right side,
[11:40 am]
eyes : Ya thanks Imade the call to cut
it -14.00 dollars o well
[11:40 am] Ed :
cool u can recover easily from that kind of
loss
[11:41 am] eyes : Not when it,s
half the profits for the day (:
[11:41 am]
eyes : LOL
[11:41 am] Ed : just
saying not that u trade to cover losses. U
trade whats in front of you
[11:41 am] Ed
: or the action of what u see not what u
think
[11:43 am] eyes : Got it
thankyou I get to go over the chart after
hours so that i can learn what i
missed
[11:43 am] rusty : IOC
radar
[11:46 am] rusty : NYSE volume
275M shares – 30% below its three-month
average; advancers lead decliners by
1.2:1
[11:47 am] rusty : AMCX
radar
[11:48 am] eyes : nine trades
today small 5 over BE 4 stoped out +49 I
think i am done going to study what mistakes
I did
[11:48 am] Ed : c ya eyes, green is
good
[11:49 am] khall : see you
tomorrow eyes
[11:49 am] qwert : bye
eyes
[11:50 am] mh : news on AMCX i
dont see any
[11:51 am] leduc : c ya
later ed and tks
[11:51 am] Ed : c ya
2morrow leduc
[11:59 am] mh : block
sale caused drop in AMCX according to
benzinga
[12:01 pm] rusty : ty
mh
[12:06 pm] khall : rusty, do you
have a target in mind for TSO? I was
thinking 34.50 -ish . Think that’s too
aggressive?
[12:11 pm] rusty : no
target ye
[12:11 pm] rusty :
t
[12:11 pm] rusty : has to break
first
[12:13 pm] rusty : 8-10% off
high is good estimate tho
[12:13 pm]
rusty : for starters
[12:14 pm]
khall : thnx
[12:15 pm] eddy :
ASTI losing all it gained
[12:16 pm]
rusty : CLNT radar sudden
volume
[12:16 pm] rusty : looks like
some daytraders might be playing it
[12:16
pm] rusty : dont chase it
[12:16 pm]
rusty : imo
[12:17 pm] mh : i
thought AMCX was going to be a good
long
[12:17 pm] mikewd2 -: dang day
traders!
[12:17 pm] rusty :
lol
[12:17 pm] Ed : no to dead
[12:17
pm] Ed : im still waiting for the action on
AMCX
[12:18 pm] Ed : spoke too
soon
[12:19 pm] rusty : Ecuador to
Grant Asylum to Julian Assange
-Guardian
[12:21 pm] doji : Who is
that?
[12:21 pm] rusty :
http://www.google.com
[12:22 pm]
rusty :
http://lmgtfy.com/?q=julian+assange
[12:26
pm] mikewd2 -: TSO down $1 from hod
[12:28
pm] rusty : great call by
eyes
[12:28 pm] mikewd2 -: glad we all
jumped on it
[12:28 pm] mikewd2 -: easy
money
[12:29 pm] mikewd2 -: at
support,
[12:31 pm] mikewd2 -: covering
some on TSO +1.06
[12:32 pm] mikewd2 -:
figured that would drive it lower –
haha
[12:35 pm] mikewd2 -: CLF selling off
a bit
[12:35 pm] shark : nice one,
mike
[12:36 pm] mikewd2 -: except i’m
still long
[12:36 pm] shark :
oh no
[12:36 pm] mikewd2 -: tried to
squeeze a couple more cents and then it
fell
[12:38 pm] shark : 🙁
[12:39
pm] mikewd2 -: MCP lod
[12:40 pm] mh
: AMCX tried 4 times got burned
everyone
[12:41 pm] Ed : thats too many, u
want to limit those trades in any one stock.
Its saying either timing is off, or ur going
against the trend
[12:43 pm] rusty :
Margaret Thatcher, 86 has passed
away
[12:43 pm] mh : ya ED for some
reason I thought If it was a block trade it
would come back to 42 or higher oh well lots
to learn thanks
[12:43 pm] rusty :
doji: who is that
[12:43 pm] Ed :
lol
[12:44 pm] mh : my
aunt
[12:45 pm] rusty :
http://bit.ly/IHlqGR
[12:45 pm] mikewd2 -:
SLB lod
[12:47 pm] mikewd2 -: shutten her
down, have a good one
[12:47 pm]
rusty : Margaret Thatcher maybe not
dead
[12:47 pm] rusty : maybe
internet rumor
[12:47 pm] shark :
bye mike
[12:47 pm] khall : cya
mike
[12:47 pm] rusty : buy
mike
[12:52 pm] rusty : OIH
lod
[12:55 pm] rusty : good night
all
[12:55 pm] shark : c ya
rusty!
[12:55 pm] khall : later
rusty…
[01:00 pm] khall : you too
Ed –
[01:24 pm] shark : nice little
pop JDSU
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