| (05:44 am) Mitch King:that last buy signal on
CL should be pretty decent, starting 7 min
ago
(05:50 am) JoeyTSA :early gap up:
EXPE,PRGO,SWKS Early gap down :
VRX,WTW,SPWR,ARIA? thats all im looking at
right now
(05:52 am) Mitch King:ARIA heading to its
death bed
(05:53 am) Mitch King:watching FB selling
off
(05:54 am) Mitch King:TSLA down again today
(05:56 am) Mitch King:EXPE up 18-20% on
earnings yesterday after market
(05:58 am) JoeyTSA :watching FB here @ $48
(06:01 am) Mitch King:we just came out of the
buy zone and into white, had higher bounce,
starting uptrend overall
(06:02 am) Mitch King:conference call with FB
admitted young teens are decreasing use of
facedbook.
(06:10 am) JoeyTSA :tighten FB if short below
$48
(06:10 am) Mitch King:watching SCTY for a
bottom to buy
(06:13 am) Mitch King:higher high with CL, no
reason to sell yet that I can tell, just let
the profit targets fill
(06:13 am) Mitch’s Assist. :October 31, 2013,
Thursday Pre Market Up: DWCH, EXPE, CRTO,
PCLN, Pre Market Down: FB, GMCR, ARIA,
SCTY, CAVM,WTW, AVP, FSLR, TSLA, BIDU, DATA,
V, SPWR, NUGT, SBUX, JDSU, EXLS,
(06:15 am) Mitch King:purple dash line just
starting heading up about 8-10 candles again,
watch that for strength of move up
(06:17 am) Mitch King:not much weighting on
200ma, thats on the 1 min chart, not 5 range
chart
(06:17 am) Mitch King:thats what you are
looking for on a new uptrend
(06:17 am) Mitch King:higher high again in
CL
(06:30 am) Mitch King:AVP turning down more ,
down from 22.40 premarket
(06:30 am) Mitch’s Assist. :monitoring CAVM
(06:30 am) JoeyTSA :watchign STRA, decent gap
down
(06:31 am) JoeyTSA :nice pop on TWC
(06:31 am) Mitch’s Assist. :watching SGI
drop
(06:31 am) Mitch King:monitoring SNE selling
again
(06:31 am) JoeyTSA :keep FB on radar
(06:32 am) Mitch King:watching CLX,
monitoring actually
(06:32 am) Mitch’s Assist. :watching WTW
(06:32 am) Mitch King:watchign CCK for top
(06:33 am) Mitch King:watchign SCTY for
bottom to buy
(06:33 am) Mitch King:sentiment is changing
to bearish in market overall last 2 days
(06:33 am) JoeyTSA :eye on VRX today
(06:33 am) Mitch King:KORS down, monitoring
(06:34 am) Mitch King:watching BIDU for
bottom, take time on all these dumpers,
market is negative
(06:34 am) JoeyTSA :eye on LNKD,AAPL, both
giving pullbacks
(06:34 am) Mitch’s Assist. :watching NSR
(06:34 am) Mitch King:watching BEAM for
bottom to buy,
(06:35 am) Mitch King:watching CL, started
pink zone
(06:35 am) Mitch King:yeah regatta NSR good
one
(06:35 am) Mitch’s Assist. :soryy GMCR
(06:35 am) Mitch’s Assist. :grmn
(06:35 am) Mitch’s Assist. :monitoring FSLR
(06:36 am) Mitch King:than the normal deep in
the red
(06:36 am) Mitch King:consider short in CL
soon, watch for it. when it moves that fast
in short time, signal usually comes sooner
(06:37 am) Mitch’s Assist. :watching CAR
(06:38 am) JoeyTSA :CRR nice move
(06:38 am) Ed :CRTO monitoring for potential
long, would like test of 35 area first see
how reacts to yesterdays low
(06:39 am) Mitch King:still watching TSLA for
possible bounce, the lower it goes the
better
(06:40 am) Qwert :Monitoring FB
(06:40 am) JoeyTSA :tighten LNKD if you went
long
(06:41 am) Mitch’s Assist. :watching TRIP
(06:41 am) Ed :TWC CNBC’s Faber: my
expectation is that Liberty/Charter will make
another effort to court TWC for a merger with
Charter-
(06:42 am) Mitch King:using 5range chart
(06:42 am) Mitch King:entered 1 contract
short on CL at 96.87 even though no sell
signal yet
(06:42 am) Mitch King:consider reducing or
selling SCTY if you went long
(06:43 am) Mitch King:sell signal in CL
12-13
(06:43 am) Mitch King:the bounce in TSLA
strong, could move higher considering how
much selling it has gotten last 5 dfays
(06:43 am) Ed :it will be released to public
in less than 2 minutes
(06:43 am) Ed :Chicago PMI, was released.
causing pop
(06:45 am) Mitch King:try for best price to
sell BIDU if you went long, didnt follow that
chart closely after bounce started
(06:45 am) Ed :*(US) OCT CHICAGO PURCHASING
MANAGER: 65.9 V 55.0E
(06:45 am) Ed :highest # since march 2011
(06:46 am) Mitch King:watching CAH
(06:46 am) Mitch King:probably more downside
on VRX
(06:48 am) Mitch King:watching TTS for bottom
to buy
(06:49 am) Ed :I would like for selling to
pickup GRMN
(06:49 am) Mitch King:monitoring HSH
(06:49 am) Ed :GRMN will monitor for
potential long @near 45ish level
(06:50 am) Mitch King:watching CAVM for top
to short, no hurry
(06:50 am) Mitch King:watching GTI
(06:54 am) Mitch King:CL just starting to
move, don’t expect CL to go all the way back
down, just let target 1 fill, then adjust
last contract
(06:54 am) JoeyTSA :nice pullback on indices
after that pop on the report
(06:56 am) Ed :PRLB starting to monitor alos
for potential long
(06:56 am) Mitch King:ok when CL drops this
fast in short time, ok to cover manually some
of short postiion
(06:56 am) Ed :wait to time ur longs with
bottom/bounce in SPY
(06:56 am) Mitch King:remember i have a 1 min
chart to left of the 5 range chart on CL, for
overall look . CL is cycling perfectly for
Thunder
(06:57 am) Mitch King:AVP still trending
down
(06:57 am) Ed :would like test @near 70ish
level on PRLB
(07:00 am) Mitch King:that was a 50 tick drop
from signal
(07:00 am) Mitch King:ok consider covering
contract on CL soon
(07:01 am) Mitch King:some of you might be
tempted to reverse and go long, its better to
wait it out. you already booked good profits
so far on 2 or 3 trades so far. why not just
let the system work and present a buy signal
later, maybe 10-15 min. just a thought
(07:02 am) JoeyTSA :tighten FB if short
(07:04 am) Ed :i reduced 3/4 of PRLB long
(07:06 am) Ed :trailing last 1/4 of PRLB
long
(07:06 am) JoeyTSA :eye on LNKD again
(07:07 am) JoeyTSA :nat gas # in about 20min,
in downtrend overall
(07:11 am) JoeyTSA :eye on SFUN, lower vol
so far
(07:12 am) Ed :all out PRLB long
(07:13 am) Ed’s assistant :Monitoring GOGO
(07:23 am) Mitch King:buy signal on CL here
(07:23 am) Mitch King:the purple dash line is
leveling out at a high level indicating CL is
strong. may not have a green buy zone,
possible.
(07:24 am) JoeyTSA :nat gas in 5min, price
trying to hold S2
(07:25 am) JoeyTSA :eye o n CAVM
(07:30 am) Ed :10:30 *(US) WEEKLY EIA NATURAL
GAS INVENTORIES: +38 BCF VS. +35-40 BCF
EXPECTED RANGE ( –
(07:31 am) Mitch King:yes qwert, that last
pullback to 96.34 was the entry long, i
filled there additional contract
(07:31 am) Mitch King:it s still valid to buy
on that last pullback last 3 candles long in
CL. the re
(07:37 am) Ed :SPY new lod
(08:13 am) Murano :watching OCN
(08:16 am) Mitch King:CL weakening, blue
level, purple on low side, i tend to wait for
a little rebound to sell long position into
if long.
(08:17 am) JoeyTSA :IDCC nice move
(08:36 am) Murano :watching SBUX at R1
(08:37 am) JoeyTSA :eye on YELP
(08:38 am) JoeyTSA :nice bounce on indices
off that lod area
(08:40 am) Mitch King:not a good time to make
any new trades
(08:42 am) Ed :keep eye on NTAP for vol.
getting some news
(08:43 am) Mitch King:not good time to enter
CL trades in either long or short
(08:44 am) Mitch King:this is stupid trades
territory
(08:44 am) Mitch King:i mean as far as
opening new positions not advisable; we need
to wait for setup.
(08:45 am) Mitch King:90% of trading is
waiting
(08:45 am) Mitch King:not saying any of you
are stupid, just saying we humans do stupid
trades when we are bored waiting. THis is
when we hang on to our profits
(08:46 am) Mitch King:my comments are
referring to CL using THunder
(08:46 am) JoeyTSA :tighten YELP if short
(08:51 am) JoeyTSA :IOC spike
(08:51 am) Ed :IOC getting some buying
(09:10 am) Murano :watching MW
(09:12 am) Ed :JOSB getting some selling
(09:13 am) Ed :MW JOSB willing to consider
raising bid for the company
(09:14 am) Ed :you just see Ackerman news, he
willl unveil presentation on HLF
(09:17 am) Ed :12:16 HLF Ackman set to unveil
new information on the company next month –
CNBC –
(09:31 am) Mitch King:about an hour ago when
i saw lines meandering in white zone, i think
thats good time to go exercise while waiting
for setup
(09:32 am) Murano :watching BYD
(09:32 am) Mitch King:HLF at low of day
(10:34 am) JoeyTSA :PRLB another move
(10:47 am) JoeyTSA :APD on nice move
(10:53 am) JoeyTSA :tighten PRLB on that
bounce back to recent dbl top
(11:03 am) Mitch King:we are in that last 30
minute whacko time with CL
(11:10 am) JoeyTSA :PRLB over $84 now
(11:12 am) JoeyTSA :CRR has been a monster
today too
(11:16 am) JoeyTSA :some buying coming in on
the indices
(11:18 am) Ed :SPY new hod
(11:30 am) JoeyTSA :tighten CRR if long
(11:36 am) JoeyTSA :FB getting some volume
down
(11:54 am) Ed :CTRX starting to get
interesting
(11:55 am) Ed :thats on CTRX
(11:55 am) Ed :thought we would get tad more
selling
(12:00 pm) JoeyTSA :/ES pullback to 1760
(12:05 pm) JoeyTSA :tighten FB near $50
(12:06 pm) JoeyTSA :VOD spike
(12:59 pm) Ed :have great eve traders
| (05:47 am) electrader :good point Joey
(05:47 am) JoeyTSA :one and done..back to bed
or whatever
(05:48 am) Qwert :this thunder system is
looking good
(05:52 am) JoeyTSA :AVP gap down also
(05:58 am) Mitch King:you getting the hang of
thunder qwert? still looking for bounce in
this green but purple dash line pegged on
bottom
(05:58 am) Qwert :Mitch with /CL pit opening
in 3 mins do you reccomend being out of a
position?
(05:58 am) Mitch King:hi alan? how is it
going?
(05:59 am) Mitch King:yeah qwert, often times
the pit opens with same directional movement
the premarket made but dont expect big spike
down, hard to tell though
(05:59 am) Qwert :yes mitch i like it already
up over 85 tics today :))
(05:59 am) Mitch King:nice, is that per
contract or cumulative profit?
(05:59 am) Qwert :cumulative
(05:59 am) JoeyTSA :beautiful start qwert
(05:59 am) Mitch King:nice
(05:59 am) Mitch King:ok so you taking me to
dinner when i come to LA next?
(06:00 am) Mitch King:hehe
(06:00 am) Qwert :yes where ever you want to
go
(06:00 am) Mitch King:i ate a buffalo wild
wings for first time when i was there in May,
was very good
(06:00 am) Mitch King:pit open in CL
(06:00 am) Mitch King:had buy signal 2
seconds after open
(06:04 am) JoeyTSA :big drop from that ah
pop
(06:05 am) regatta :AVP down
(06:07 am) JoeyTSA :/CL has a bit of res up
here, push thru can really get it running
(06:08 am) JoeyTSA :S1 and 200ma in same
area
(06:08 am) Murano :good morning
(06:09 am) JoeyTSA :just want to wish
everyone a safe halloween tonight
(06:09 am) Qwert :thx joey you too
(06:11 am) Mitch King:you long qwert CL? or
anyone?
(06:11 am) Qwert :yes i am
(06:11 am) Mitch King:CL making higher highs
last 12 min
(06:11 am) taco :i was just 1 contract tho
and sold
(06:12 am) Qwert :i have 1 left had 2 to
start
(06:12 am) taco :nice, im more comfortable
with more in sim 🙂
(06:12 am) JoeyTSA :good job, push thru 97.40
can send it moving
(06:12 am) JoeyTSA :96.40 i mean
(06:12 am) Qwert :thats what im hoping for
joey
(06:13 am) JoeyTSA :that are was some
conflicit on the drop, S! and 200ma
converging there now, looks to be pushing
now
(06:14 am) Mitch King:alan you long CL on
this last buy signal or short earlier?
(06:14 am) Mitch King:or klas, electr, taco?
(06:14 am) Mitch King:rd?
(06:14 am) taco :not at moment mitch
(06:15 am) skydiver :gm all
(06:15 am) klas :long 9614
(06:15 am) Qwert :nice entry klas
(06:15 am) Mitch King:nice klas, did you have
a profit target? 1 or 2 or 3 contracts?
sim?
(06:15 am) taco :nice klas
(06:15 am) skydiver :nice catch on /CL klas
(06:15 am) klas :double bottom at 96.06
(06:16 am) klas :hit 1 and 3
(06:16 am) Mitch King:ok your target2 is how
many ticks? sounds big
(06:17 am) electrader :How much emphasis do
you place on the 200 sma as resistance in CL
here Mitch?
(06:17 am) electrader :K
(06:18 am) Mitch King:still use your own
common sense, if you have hunch electr or
instinct to reduce at 200 on the 5r chart, go
ahead,
(06:19 am) Mitch King:my guess is it moves
higher high but be flexible
(06:19 am) Qwert :my second tgt got filled on
/CL 🙂
(06:19 am) Mitch King:right qwert, good job
(06:19 am) electrader :Gotcha. Already
filled my target. Just waiting for next
trade
(06:20 am) Mitch King:you can move up your
target by sliding it up the chart when three
lines are pointing up sharply, especially
when purple dash line is this strong
(06:20 am) Mitch King:and of course you can
slide your stop line up the chart too
(06:20 am) electrader :Trying to follow the
King Rules. Trading 1 Contract . Don’t let
it run
(06:21 am) klas :Mitch i have been managing
my exits
(06:21 am) Mitch King:good job guys. sounds
like all the repetition in training worked
well in workshop
(06:21 am) JoeyTSA :great trading everyone
(06:21 am) Qwert :yeah i probably should have
if you were trailing the stop about how manty
tics would you suggest
(06:22 am) Mitch King:i just know that method
of training works well, military, athletic
coaches all proven that
(06:22 am) Mitch King:are you asking me
something qwert?
(06:22 am) electrader :really appreciate all
the support in this room. You guys are
great!
(06:23 am) Mitch King:so klas you have 2
remaining unfilled contracts? consider
reducing another 1
(06:23 am) Qwert :yes sorry that question was
for you mitch regarding trailing stop on ?cl
(06:23 am) rd :good morning to all
(06:23 am) klas :just did as you were
typing
(06:23 am) Mitch King:i manually adjust the
“runner” contract, the 3rd one
(06:24 am) klas :1 left trailing
(06:24 am) Mitch King:nice klas
(06:24 am) Mitch King:skydiver, did you get
this last long?
(06:24 am) skydiver :yes
(06:24 am) Mitch King:hey rd, did you go long
on this last long?
(06:24 am) skydiver :only doing one contract
for now
(06:25 am) klas :Eye on the three amigos
(06:25 am) Mitch King:sky, what was entry and
exits, # contracts, prices, etc?
(06:25 am) Mitch King:three lines lowering
the slope of its inincline
(06:25 am) Ed :hey taco same formation we
spoke of yesterday, got it in premarkt also
on FB
(06:26 am) Mitch King:incline. so it is
suggesting a possible topping, early to
conclude anything yet but you can now watch
the price area more compared to the indicator
panel
(06:26 am) skydiver :96.26 – still in /CL
long
(06:26 am) taco :right ed
(06:26 am) Mitch King:does that make sense?
(06:26 am) Mitch King:one contract sky?
(06:26 am) skydiver :yes
(06:26 am) taco :thanks
(06:26 am) Mitch King:entry price? post all
at once, easier for me
(06:27 am) skydiver :getting used to the
system . . will do thd 3 once I get hang of
the system 🙂
(06:27 am) Mitch King:my read on this is
probably good to close
(06:27 am) Mitch King:good to close soon,
pick best price, plus you will be busy on
stocks in 2 minutes from now
(06:27 am) bill1 :I caught CL at 96.18 1
contract
(06:27 am) taco :great coaching mitch
(06:27 am) Mitch King:nice bill1, Bill is
from Canada, BC
(06:28 am) JoeyTSA :good one bill1
(06:28 am) skydiver :closed /CL one contract
at 96.43
(06:28 am) Mitch King:keep repeating this
process Bill, build habits, and good
thoughts
(06:28 am) skydiver :virtual however for
now
(06:28 am) electrader :Good trades Sky,
Bill
(06:28 am) taco :great sky, bill
(06:28 am) bill1 :thankyou Mitch
(06:29 am) skydiver :sure a different ball
game in the feel on /CL compared to my micro
stock trades 🙂
(06:29 am) Mitch King:stocks open in 90
seconds, perfect timing to let new setup in
CL later, this is not the time to do any
“stupid trades”
(06:29 am) taco :1min to open
(06:29 am) skydiver :sounds good Mitch
(06:29 am) Mitch King:you guys are not
stupid, i mean the stupid trades we do when
we get bored
(06:29 am) skydiver :yes that’s me 🙂
(06:29 am) taco :lol
(06:29 am) JoeyTSA :been there too many
times
(06:30 am) Mitch King:best practices in
trading is when we keep reminding ourselves
what is best
(06:33 am) Mitch King:nice job on your
trailer on CL guys, good job
(06:34 am) regatta :watching NSR
(06:35 am) JoeyTSA :another decent pop on
/CL
(06:35 am) JoeyTSA :/CL pp just under $97
(06:36 am) skydiver :thnx Mitch for info
(06:39 am) JoeyTSA :NFLX strong bounce ,
watch this $320 level
(06:40 am) JoeyTSA :LNKD still has some
upside
(06:40 am) JoeyTSA :careful on the spread on
LNKD
(06:41 am) JoeyTSA :yeah qwert, FB great so
far
(06:42 am) regatta :FB been good
(06:42 am) skydiver :thanks for TSLA Mitch
(06:43 am) JoeyTSA :came out early
(06:43 am) JoeyTSA :hate when they do that
(06:43 am) regatta :still watching NSR
(06:43 am) skydiver :out 3/4 on TSLA long
(06:44 am) JoeyTSA :good one sky
(06:44 am) skydiver ::)
(06:44 am) skydiver :I shorted /CL at 96.93
– virtual (no emotions)
(06:45 am) JoeyTSA :big beat
(06:45 am) JoeyTSA :santelli doesnt believe
that # ?
(06:45 am) JoeyTSA :i think thats what he
siad
(06:46 am) bill1 :out of CL @ 96.75
(06:47 am) skydiver :all out of TSLA long
(06:47 am) regatta :EL moving
(06:47 am) Ed :nice trading sky
(06:48 am) skydiver :thnx Ed . . .good
teachers 🙂
(06:51 am) Mitch King:nice job bill1, do you
think you can repeat this process? yes or
yes
(06:52 am) bill1 :Yes
(06:57 am) JoeyTSA :/CL pp has been great
area, even premarket
(06:58 am) skydiver :good to know – thnx
joey
(07:00 am) skydiver :Thunder is amazing –
(07:00 am) JoeyTSA :no prob sky, i like them
for targets, ninja’s seem decent
(07:00 am) skydiver ::)
(07:02 am) skydiver :good thinking process
for us Mitch . . thanks again 🙂
(07:02 am) JoeyTSA :thx Mitch, good plan
(07:02 am) electrader :Thunder is saying to
wait. Could be more downside
(07:02 am) Qwert :waiting for the green zone
(07:03 am) skydiver :/CL at S1 – not sure if
that means anything, but there you go
(07:03 am) JoeyTSA :sky: is your S1 @ 96.37
?
(07:03 am) taco :right qwert
(07:03 am) skydiver :no – shows 96.27 –
using 5R
(07:04 am) JoeyTSA :oh ok
(07:04 am) Mitch King:we have had a 75 tick
drop from the top so if you do go long,
fairly good odds, even if no buy signal,
realize you are buying a counter trend trade
and safer to do a quick long scalp, not
expecting big bounce
(07:04 am) Mitch King:reply if that makes
sense
(07:04 am) skydiver :yes
(07:04 am) JoeyTSA :y
(07:04 am) taco :yes
(07:04 am) taco :dont expect as much as last
few trades
(07:04 am) electrader :yes
(07:05 am) Qwert :yes
(07:05 am) Mitch King:im saying if you take a
quick scalp long, i wouldnt hold it for too
long, maybe 5-10 ticks but again, it gets
exhausitng and confuses your overall view
(07:06 am) Mitch King:i find its easier to
wait, and not take the stress of doing a 5-10
tick counter trend trade long,
(07:06 am) JoeyTSA :good one Ed
(07:06 am) skydiver :nice Ed on PRLB long
(07:06 am) Ed :thx. u guys know what i look
for as price approaches areas i mention
(07:07 am) Ed :guys that went to seminar
(07:07 am) JoeyTSA :forgot all about QCOR
today, 2 nice moves
(07:07 am) Mitch King:remember what i pounded
in your heads for 3 days, its usually better
to wait for longer for a setup instead of
quick scalps here and there. you need clear
fresh view to get these bigger moves than
quick scalps here and there
(07:08 am) Mitch King:all three lines
pointing down, dots on blue line, still in
white zone, what does that tell you?
(07:08 am) Qwert :dont go long
(07:08 am) taco :still downtred
(07:08 am) skydiver :stay away from trade
for now
(07:08 am) Mitch King:we are getting a
flattening out in the purple dash line but
thats earlier indication. still says to me
to wait longer, you agree?
(07:08 am) skydiver :yes
(07:08 am) taco :yes
(07:08 am) Qwert :yes
(07:09 am) electrader :yes
(07:09 am) Mitch King:see now 2-3 trades like
this can make yoru whole day
(07:09 am) skydiver ::)
(07:09 am) JoeyTSA :or whole week
(07:09 am) taco :agree
(07:09 am) electrader :Yep. 3 for 3 this
a.m.
(07:09 am) JoeyTSA :those are great moves
(07:10 am) skydiver :got to remember that
each point is $10 – right?
(07:10 am) taco :purple dotted isn’t going
to bottom
(07:10 am) JoeyTSA :yep
(07:10 am) regatta :watching GOGO, low vol
(07:10 am) Qwert :each tic sky
(07:10 am) skydiver :nice indeed – ok
(07:10 am) JoeyTSA :so like Mitch says, you
dont have to go crazy with overtrading
(07:10 am) skydiver :gotcha
(07:11 am) skydiver :Ed – thanks for telling
us your story about over trading . . . I
needed that 🙂
(07:11 am) JoeyTSA :just let your account
build and then you can just make larger
position trades once funded properly
(07:11 am) skydiver :gotcha joey
(07:11 am) taco :ya ed, record holder
(07:11 am) Mitch King:not trying to change
your style sky but isnt this easier method,
lifestyle in trading? best to get this
method down in CL, microtrading CL is tough
business,
(07:11 am) skydiver :agreed Mitch 🙂
(07:12 am) Ed :yea sky when u slow things
down u can see setups coming. When ur trading
a ton, u miss qaulity setups
(07:12 am) JoeyTSA :agree Mitch, micro
trading easier on /ES, /YM than on /CL
(07:12 am) electrader :Quality of trade
instead of qty. Right Joey?
(07:12 am) JoeyTSA :not saying that as a
recommendation, just what i have noticed
(07:12 am) skydiver :thanks Ed . . . the
teaching at the seminar was awesome for me 🙂
thanks again 🙂 🙂
(07:12 am) JoeyTSA :yeah elec
(07:13 am) Ed :enjoyed it sky
(07:13 am) Mitch King:i dont even have a
green zone yet on 5 range chart, nor on 1
min, quick break time for me, thats 2 big
moves
(07:13 am) Mitch King:hey guys, what is
Joeseph’s screen name?
(07:14 am) skydiver :not sure I know Mitch
(07:18 am) Mitch King:beauty on PRLB eddie
money
(07:18 am) taco :did you take GRMN ed?
(07:21 am) JoeyTSA :PRLB monster call, see
what a good nights sleep will do for you Ed
🙂
(07:26 am) Mitch King:hello cheung, are you
working the Thunder system this morning? its
been very good, as good as it gets
(07:29 am) Ed :thx
(07:29 am) Ed :agreed joey
(07:29 am) Ed :good nights rest
(07:29 am) JoeyTSA :i missed that 1st short
opp
(07:30 am) Mitch King:did anyone remember i
talked briefly about the ABC setup? that
might have been the last final review
TUesday
(07:30 am) Qwert :yes i remember mitch
(07:31 am) Qwert :thats what this /CL looks
like correct?
(07:31 am) JoeyTSA :break time, great calls
today, see you in 20
(07:31 am) skydiver :take care joey and
enjoy
(07:48 am) skydiver :Been a good day and
thanks for help on /CL trading etc. Hope to
be back last hour . . make lots of $$$ 🙂
(07:48 am) taco :cya sky
(07:48 am) Qwert :bye sky
(07:48 am) klas :later sky
(07:58 am) Qwert :anyone else long on /CL
(07:59 am) taco :in sim yes
(07:59 am) electrader :Nope. Just watching
(07:59 am) taco :bought early than signal
(08:00 am) alan3 :Qwert got the long on Cl.
(08:00 am) klas :yes Quert 96.22
(08:01 am) klas :Blue line turning up
(08:01 am) taco :you buy in consolidation
klas?
(08:01 am) Qwert :nice its working good
(08:01 am) klas :yes
(08:02 am) taco :nice, had good support
(08:02 am) taco :reasonable anyways
(08:03 am) Qwert :lightning gave a buy signal
at 96.21 and thuinder at 96.26
(08:03 am) Qwert :on the 5R chart
(08:04 am) Mitch King:rigth qwert, the
lightning gives a better price and earlier on
entry but Thunder gives bigger profit
potential usually
(08:04 am) Mitch King:with lower risk
(08:04 am) klas :yes taco and that support
(08:04 am) Qwert :so would you nibble on the
lightning signal and then add on thunder
mitch?
(08:05 am) Mitch King:the principle is still
the same to buy deep into the green on
lightnign signals, purple signals are
slightly bettter than the orange buy signals,
rarely see the cyan blue on Lightning
(08:06 am) Qwert :okay thanks
(08:10 am) JoeyTSA :just watching OSK, $46
held a few times, looks a bit weak now
(08:13 am) Murano :looking for move up on
OCN
(08:15 am) Murano :out 3/4 OCN
(08:15 am) Murano :stop at 59.10 on last 1/4
(08:22 am) Murano :stopped last 1/4 OCN
(08:44 am) taco :right mitch
(08:44 am) Qwert :just meandering
(08:45 am) taco :qwert, you got some good
trades today, starting w that first nice
short
(08:50 am) Ed :FB was nice trader today, even
with premarkt call by joey
(08:50 am) taco :ed, did you trade GRMN?
(08:50 am) Ed :no
(08:50 am) Ed :wanted cloer test of 45 level
(08:50 am) Ed :closer
(08:51 am) taco :ok
(08:51 am) Qwert :yeah really good start to
the day :))
(08:51 am) taco 🙂
(08:51 am) Ed :was looking at that one same
time as PRLB and PRLB gave better r/r
(08:52 am) JoeyTSA :smart trading Ed
(08:54 am) JoeyTSA :im out for now, back for
last 2 hours
(08:54 am) Qwert :cya joey
(08:54 am) taco :cya joey, dont get lost
(08:54 am) klas :later joey
(08:54 am) JoeyTSA :haha, just walking
downstairs to the gym
(08:54 am) JoeyTSA :dont want to give back
any profits
(09:02 am) Ed :hey gum how is ur day going?
(09:04 am) Qwert :Go FSU that will wake him
up Ed
(09:06 am) Qwert :NQ has made a heck of a
bounce off those lows of a few days ago
(09:08 am) Ed :lol
(09:08 am) Ed :ur right qwert
(09:09 am) Qwert :cant imagine holding that
overnight tho probably would not have been
able to sleep to good
(09:09 am) Ed :agreed
(09:10 am) taco :mr muddy waters covering
some shares maybe
(09:10 am) Qwert :missed FFIV short nice
setup
(09:11 am) Qwert :just realized charts up in
the room wow need coffee
(09:13 am) Murano :covered 3/4 MW
(09:14 am) Murano :covered 3/4 SBUX
(09:19 am) Murano :lunch time back in 20
(09:21 am) regatta :watching IRE
(09:22 am) regatta :low vol
(09:25 am) Qwert :monitoring the solar
stocks
(09:41 am) regatta :murano, you still
watching BYD?
(09:42 am) Murano :yes regatta, long from
10.49 tight stop
(09:42 am) regatta :i’m 10.53
(09:43 am) Murano :moved stop to break even
(09:44 am) Qwert :same here long from 10.49
(09:44 am) Ed :nice entry dave, regatta,
murano
(09:45 am) Qwert :thx Ed
(09:46 am) Qwert :i took off 3/4 already at
.72 now just holding the rest
(09:46 am) regatta :tkx ed, just closed at
10.69
(09:47 am) Murano :out 3/4 BYD
(09:47 am) Qwert :nice Murano what was your
tgt on BYD
(09:47 am) Murano :stop at 10.59 last 1/4
BYD
(09:48 am) Murano :looking for 11 qwert
(09:48 am) Qwert :nice
(09:49 am) Murano :will let the last 1/4 run
or get stopped on BYD
(09:49 am) Murano :BYD missed on earnings
(09:50 am) Murano :got stopped on my last 1/4
of MW and SBUX
(09:51 am) Murano :moving stop to 10.72 last
1/4 BYD
(09:53 am) regatta :thx for BYD murano
(09:54 am) Ed :thx for BYD/MW
(09:54 am) Murano :if BYD gets past 11 it
should get to 11.20/11.30 area
(09:55 am) Qwert :Great call Murano thx
(09:55 am) Murano :thanks
(10:00 am) Qwert :stop on BYD last part at
.79
(10:02 am) JoeyTSA :/CL climbing
(10:03 am) JoeyTSA :nice push off both S2 and
then S1
(10:07 am) Murano :covered last 1/4 BYD
(10:08 am) jnps999 :thx
(10:09 am) Murano :should have taken the long
on MW instead of making lunch
(10:13 am) Qwert :anyone trade that last /CL
long?
(10:14 am) taco :just scalped the short
(10:14 am) taco :missed entry on long but
obviously had time..
(10:15 am) taco :u qwert?
(10:15 am) Qwert :no just watched was waiting
for retest around 96
(10:15 am) taco :ya in hindsight was good
entry
(10:16 am) Qwert :didnt want to mess up 🙂
(10:16 am) taco 🙂
(10:16 am) Qwert :was in the white zone
(10:16 am) taco :took /GC long tho in sim
(10:16 am) taco :beauty thunder set
(10:17 am) Qwert :probably not to risky tho
after 30 tic drop in 3 mins
(10:17 am) taco :ya i agree
(10:18 am) Qwert :could have put stop just
under 96 would like to know what the master
thinks
(10:19 am) Qwert :cant wait till the weekend
to really study this :))
(10:19 am) taco :looks like after coming out
of that chop, was what it needed for
resurgence
(10:19 am) Qwert :agree
(10:19 am) taco :cerate the edge
(10:19 am) taco :this is so great, im very
excited and encouraged
(10:20 am) Qwert :me too
(10:20 am) taco :still need lots of work tho
and study
(10:20 am) Qwert :feel like a kid with a new
toy
(10:20 am) taco 🙂
(10:24 am) taco :this could be more long
term uptrend /CL
(10:24 am) regatta :watching NQ on pullback
(10:34 am) Murano :PRLB made a good recovery
from early drop
(10:41 am) JoeyTSA :eye on QCOR
(10:48 am) Mitch King:remember what we said,
there is a lot of time to get into a long
even if a green buy zone turned into a white
zone. Keith said that 21.3 ticks onthe avg
were available after it turned into white
zone. Keith is electrader
(10:49 am) Mitch King:thats when i said we
miss the big picture by passing on a trade
because we didnt fill a limit order. i
missed a couple on MOnday, Phillip missed 1
or 2 on limit orders and then the big move
was just starting
(10:50 am) Qwert :What about if you are
getting the buy signals before a green zone
appears?
(10:50 am) Mitch King:liek the one we saw
around 918am paific time?
(10:50 am) Qwert :yes
(10:51 am) Mitch King:i was telling one of my
daughters, Megan, who was there at workshop,
i told her this morning that was a good one
because it had dropped around 40 ticks real
fast. CL already had been dropping for well
over an hour
(10:52 am) Mitch King:the odds shift toward
you in that case
(10:52 am) Qwert :okay i was thinking the
same thing but wanted your confirmation i was
looking for a retest but taco and i both
thought it was probably valid
(10:53 am) Qwert :im short now so loving this
thunder you have made an amazing tool
(10:53 am) Mitch King:when you study this
weekend, hopefully for lot of hours, you will
find the best signals, many many signals are
good when it took quite a while for price to
“work itself out”
(10:54 am) taco :right, signals after no
trade zones
(10:54 am) electrader :Where’d you short it
at Qwert?
(10:54 am) Mitch King:i used that term in the
workshop, i dont know if that was a very good
explanation but thats how i picture it. good
signals, turning points in these big cycles,
usually, take a lot of time to work itself
out.
(10:54 am) Qwert :im keeping track of how
long the green and pink zones are lasting
(10:55 am) JoeyTSA :interesting idea qwert, i
like that
(10:55 am) Qwert :elec entry at 96.74
(10:55 am) electrader :So you took it right
about the sell signal
(10:55 am) JoeyTSA :funny, 96.74 is where my
darvis box top is right now
(10:55 am) Qwert :yes put order in as soon
as the signal printed
(10:56 am) electrader :Great entry Qwert. I
was waiting for more confirmation on the
downturn of the Thunder indicators
(10:56 am) Mitch King:today we didnt have
much green in the buy zones. purple dash
line stayed high, blue nad red lines didnt
peg down to the bottom, so it tells us that
selling isnt as strong.
(10:56 am) JoeyTSA :Lightning 242 gave
blue/cyan sell at 96.83
(10:57 am) Mitch King:you guys can copy the
user chat and the moderator chat by right
clicking in the gray scroll bar area and
copy, then paste to any word document or
wordpad, or notepad and save document
(10:57 am) Qwert :5R gave a sell signal at
.82 as well joey
(10:58 am) Qwert :thx mitch been taking notes
all day
(10:58 am) JoeyTSA :very good, indis had
pointed down also
(11:01 am) Mitch King:im going right to work
on Thunder vers 2 today. goal is 6 weeks but
usually it takes longer than goal. let me
work up that email to send you workshop
attendees for homework assignment before next
Thursdays webinar review. i’ll send out
within the hour
(11:02 am) Qwert :thx Mitch
(11:02 am) taco :good stuff
(11:02 am) Mitch King:im glad you are liking
it. i was loving it on the backtest
studies.
(11:03 am) electrader :thx Mitch. Really
looking forward to the homework. Really
builds my confidence
(11:03 am) JoeyTSA :this game is all about
confidence
(11:04 am) Qwert :I have only had i stop out
today and it would not have hit if iwouldnt
have moved the stop on my own
(11:04 am) Mitch King:yeah agree joey. i
told them i could give them the best tool but
if they didnt trust it or believe in it, then
they wont do well with it
(11:04 am) electrader :I am understanding
that more and more every day Joey
(11:05 am) JoeyTSA :the biggest stumbling
block is the block between our ears
(11:05 am) Qwert :hahaha
(11:05 am) taco :yup
(11:05 am) Mitch King:all 5″ of it causes so
much problems
(11:05 am) Qwert :for sure
(11:05 am) electrader :Agree!
(11:05 am) Mitch King:or could be easier than
kindergarten if used correctly
(11:06 am) taco :nice bounce ?CL
(11:06 am) JoeyTSA :even now, i hate when my
first trade is a losing one, just aggrevates
me
(11:06 am) Mitch King:when i disappear in
last half of trading day, i go into software
development mode and shut everything else off
because I have to concentrate during that
time
(11:06 am) Qwert :same here joey
(11:07 am) JoeyTSA :always a much better day
when the first one is a good one
(11:07 am) JoeyTSA :like your /CL trade
qwert
(11:07 am) Mitch King:yeah qwerts first short
around 530am pacific? yeah thatwas a beauty
and then we all jumped on that big long, and
then the short after
(11:08 am) JoeyTSA :but confidence also
builds as you see setups as Ed mentioned
yesterday
(11:08 am) Qwert :exactly start the day with
confidence and trading on free money
(11:08 am) electrader :So long guys. Good
day. 3 wins 1 loss see all tomorrow
(11:08 am) JoeyTSA :right and then you can
risk a little to make more
(11:08 am) JoeyTSA :great job elec
(11:08 am) taco :cya elec
(11:08 am) Qwert :bye elec
(11:09 am) Mitch King:the ONLY way to build
confidence is follow a system and procedures.
and consistently do what you have been
doing. just repeat that electrader, bill,
alan, taco, qwert, etc.
(11:09 am) JoeyTSA :not sure what wrecks
confidence more, have a 1st trade be a loser,
or being up a good amount and giving it all
back
(11:09 am) Qwert :i have done both to many
times joey
(11:09 am) taco :will do mitch
(11:09 am) JoeyTSA :we all have
(11:09 am) taco :ya both pretty effective
joey 🙂
(11:11 am) taco :i was thinking this dip
would be a 15, 20 tick bounce
(11:16 am) JoeyTSA :/ES pushed about 3pts,
/YM about 20+
(11:18 am) Murano :CRR earning expected at
.82 came in at 1.31 per share
(11:24 am) Mitch King:im done trading CL,
going to work on that homework assignment for
you and then email you within hour.
(11:24 am) taco :ok thx mitch
(11:25 am) JoeyTSA :enjoy Mitch
(11:26 am) JoeyTSA :anyone catch HAR ?
(11:26 am) Qwert :thx Mitch
(11:31 am) JoeyTSA :CRR has wide spread so be
careful
(11:37 am) Ed :FB has like 200million traded
so far
(11:37 am) JoeyTSA :yeah absolutely nuts
(12:00 pm) Qwert :Ed did you trade CTRX
(12:00 pm) Ed :yes
(12:01 pm) Ed :only got .39
(12:01 pm) Ed :i stopped breakevn last 1/4
(12:01 pm) taco :long ro short?
(12:01 pm) Ed :long, did not play short was
talking
(12:01 pm) Ed :LOL
(12:01 pm) taco :haha
(12:02 pm) Qwert :was wondering just walked
back in perfect world 1.50 so 1/2= 75 cents
(12:03 pm) Ed :right qwert
(12:03 pm) Qwert :the short below 49.46 was
nice breakdown
(12:04 pm) Ed :my stop was less than .31
(12:04 pm) Ed :so figured put on trade
(12:05 pm) Qwert :nice so looking at the
daily would you have taken that short below
.46 with it so close to potential support at
49 ?
(12:05 pm) taco :your stop was just under 48
ed?
(12:06 pm) Ed :yea reason i passed on that
short qwert, now looking at chart
(12:07 pm) Qwert :okay thanks i am learning
love you r teaching
(12:07 pm) Ed :im glad someone does LOL
(12:07 pm) JoeyTSA ::)
(12:08 pm) Ed :i played it tight taco 48.03
(12:08 pm) taco :gotcha
(12:11 pm) Mitch King:REMINDER: Don’t play
Thunder in extended hours trading. not worth
the stress, save your energy for tomorrow
regular hours
(12:12 pm) Mitch King:i think tomorrow is
going to be similar to today’s CL trading,
which is good. probably oriented toward the
long side
(12:13 pm) Qwert :okay thx for the reminder
is it okay to use it in the am prior to 6am
pst mitch?
(12:13 pm) Mitch King:yes, works starting
aroudn 5am pacific
(12:13 pm) Qwert :sweet
(12:13 pm) Mitch King:vol picks up at 530am
too
(12:14 pm) JoeyTSA :nice
(12:14 pm) JoeyTSA :sometimes get a move
between 4-5am pdt too
(12:14 pm) JoeyTSA :just too early for me
(12:15 pm) bill1 :Can’t Wait 🙂
(12:16 pm) Qwert :see you all in the am have
to go run some errands loving thunder and
some great stock calls today
(12:16 pm) taco :cya qwert, nice going
today
(12:16 pm) JoeyTSA :enjoy qwert
(12:16 pm) Qwert :bye taco
(12:16 pm) Ed :c ya qwert
(12:16 pm) Qwert :bye Ed
(12:17 pm) Murano :see you qwert and taco
(12:17 pm) JoeyTSA :bye taco
(12:18 pm) Ed :c ya taco
(12:19 pm) taco :im still here guys 🙂
(12:19 pm) Ed 😮 sorry
(12:19 pm) taco :lol
(12:19 pm) Murano :sorry taco
(12:20 pm) JoeyTSA :welcome back taco haha
(12:20 pm) Murano :but we are happy you are
here
(12:20 pm) taco 🙂
(12:20 pm) taco :im happy to be here too
(12:20 pm) JoeyTSA :hope you are feeling
better, you had a cold you mentioned
(12:20 pm) taco :ya head cold
(12:21 pm) taco :ear was going to burst on
the two decents in plane
(12:21 pm) JoeyTSA :ouch
(12:21 pm) taco :might pretend it lasts
longer so my wife doesn’t think i can hear
her haha
(12:22 pm) JoeyTSA ::)
(12:24 pm) bill1 :Can someone tell me how to
turn on buy/sell console that sits on right
hand side of chart in Ninja Trader. Mine has
gone away and i’m new with this software.
Sorry. 🙁
(12:25 pm) JoeyTSA :do you mean chart
traders?
(12:25 pm) taco :do you see an arrow
pointing down in top right corner?
(12:25 pm) bill1 :Yes but my arrow is gone
too.
(12:25 pm) taco :ok np
(12:25 pm) JoeyTSA :is your chart trader
turned on?
(12:25 pm) taco :its the icon two to the
right of the cross hair icon on top of chart
(12:26 pm) Ed :see if this help, watch chart
in room bill1
(12:26 pm) taco :magnifying glass then chart
trader icon
(12:26 pm) Ed :u see that bill1
(12:27 pm) bill1 :Yesssss!! Thanks guys
(12:27 pm) Ed :no problem
(12:27 pm) JoeyTSA :and when all else fails
you can have a dom up too
(12:28 pm) bill1 :Forex Factory news says an
Israeli Plane did a strike on Syrian military
base
(12:28 pm) taco :ninja trader support is
really good too
(12:28 pm) taco :even for quick questions
(12:28 pm) bill1 :Thanks, appreciate the
help
(12:37 pm) JoeyTSA :THanks
Mitch,Ed,Diosna,Murano,Qwert
(12:37 pm) Ed :c ya joey
(12:37 pm) JoeyTSA :fun day of trading, enjoy
your Halloween, see you tomorrow 🙂
(12:37 pm) taco :cya joey
(12:44 pm) Murano :see you Joey
(12:58 pm) taco :thanks everyone cya in the
am
(12:59 pm) bill1 :Was a fun day for me.
Thanks and ciao
|
Web Special
