9/30/05 Chat Session
kim hey James gm !
jjwolfe GM All
char has entered DayTrading Chat
James-ST Moderator: HEY WOLFE, CHAR
char hi gang
renram22 gm all
ahk onyxx??
jose has entered DayTrading Chat
jose gm, everyone
James-ST Moderator: HEY JOSE
James-ST Moderator: AHK ONE SEC
James-ST Moderator: corrected ahk
Todd-SOF Direct has entered DayTrading Chat
ak has logged out
pvg6799 has entered DayTrading Chat
dennis has entered DayTrading Chat
James-ST Moderator: hey pvg, dennis
dennis hey James
pvg6799 gm
eagle has entered DayTrading Chat
Eric has entered DayTrading Chat
James-ST Moderator: hey eagle, eric
Eric GM
ahk enwv??
James-ST Moderator: almost ahk, but trading into yesterday's candle
James-ST Moderator: Feel free to yell out stocks of note.......window dresssing day, not much out there at present
ak has entered DayTrading Chat
jy has entered DayTrading Chat
jy gm
ak gm all
James-ST Moderator: hey jy, ak
Njord has entered DayTrading Chat
ak How about CBST?
James-ST Moderator: nice
James-ST Moderator: hey njord
ak VRSN type A short 19.98?
Njord Gm James, all!
James-ST Moderator: VRSN, nice ak, 12.28.....will monitor
James-ST Moderator: 20.28
Hunter has entered DayTrading Chat
James-ST Moderator: hey hunte
Hunter : gm James
Hunter : gm Todd
Todd-SOF Direct Hey Hunter
James-ST Moderator: SNDK....we will not play the first break of all time highs.......
James-ST Moderator: SFNT, overhead resistance noted......ending July
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LNCR 40.83[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LNCR 40.83[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LNCR 40.83[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LNCR 40.83[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LNCR 40.83[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LNCR 40.83[/b]
James-ST Moderator: SFNT, SNDK, CBST, showing signs of possible fading gap.....will wait for touch of 5 ema on 5 minute and consolidation
James-ST Moderator: [b]ADDING ENER TO TYPE B[/b]
James-ST Moderator: Will use tight stop on SNDK........46.66
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDK 47.19[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDK 47.19[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDK 47.19[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ENER 44.51[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ENER 44.51[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ENER 44.51[/b]
James-ST Moderator: SNDK CLOSE
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SNDK 47.19[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SNDK 47.19[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SNDK 47.19[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SNDK 46.66[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SNDK 46.66[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SNDK 46.66[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ENER 44.51[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ENER 44.51[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ENER 44.51[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ENER 44.02[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ENER 44.02[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ENER 44.02[/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SNDK[/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SNDK[/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SNDK[/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SNDK[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SNDK[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SNDK[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SNDK[/b]
ahk nice
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LNCR 41.21[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LNCR 41.21[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LNCR 41.21[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CBST 20.70[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CBST 20.70[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CBST 20.70[/b]
James-ST Moderator: CLOSE
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CBST 20.70[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CBST 20.70[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CBST 20.70[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBST 20.44[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBST 20.44[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBST 20.44[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBST 20.44[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBST 20.57[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBST 20.57[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBST 20.57[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CBST [/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CBST [/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CBST [/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ENER 44.24[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ENER 44.24[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ENER 44.24[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ENER 44.24[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SFNT 34.55[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SFNT 34.55[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SFNT 34.55[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]LNCR[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]LNCR[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]LNCR[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]LNCR[/b]
James-ST Moderator: SFNT, no HOD trigger, resistance noted on daily charts
James-ST Moderator: MARKET NEW HOD
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]ENER[/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]ENER[/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]ENER[/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]ENER[/b]
pvg6799 has logged out
jy ENER
jy close
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ENER[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ENER[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ENER[/b]
jy ENER profit
jy RHAT up another 4%
James-ST Moderator: CMST NEW HOD
James-ST Moderator: jy.....did you short it?
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James-ST Moderator: ENER new HOD
James-ST Moderator: should be CBST new HOD
jy no. didn't short RHAT
James-ST Moderator: thank goodness......noted yesterday, that the fact that it gapped above levels before it fell big was saying something......as in bullish
James-ST Moderator: ak
jy yep don't short 52 wk high stocks.
James-ST Moderator: exactly
James-ST Moderator: ak.........thank you for bringing up CBST.....nice play there.........[img id=em-3]
James-ST Moderator: *golf clap*
ak yw :)
James-ST Moderator: ENER new HOD
ak the gap was not that much but the daily chart looked good
James-ST Moderator: yes, good eye
ahk J onxx trade by appointment
ahk take down?
James-ST Moderator: lmao
James-ST Moderator: yep
James-ST Moderator: [b]CANCEL ONXX TYPE A[/b]
James-ST Moderator: ENER new HOD
pvg6799 has entered DayTrading Chat
James-ST Moderator: wb pvg
jy ENER nice runner just exited the 2nd 50%
pvg6799 thx
James-ST Moderator: vn jy
James-ST Moderator: SFNT we will enter at LOD if it gets there
jy MOVI up 4% this morning
James-ST Moderator: i think jb went out and rented a movie yesterday
jy JB might be correct that the suuport is 10.31 area
James-ST Moderator: ENER......holy smokies......new HOD
James-ST Moderator: CBST NEW HOD
ak CME touched 340 all time high
James-ST Moderator: Very nice......we had CME alert trigger for swingtrades.......no trigger, too bad
James-ST Moderator: ENER........quite the runner with CBST
ahk ener a monster
James-ST Moderator: SFNT would have triggered here.........
James-ST Moderator: Noted we had no long trigger
ahk a wise decision
James-ST Moderator: On July 28th of this yesr, SFNT collapsed from this price here.......[i]SHOULD[/i] pose as resistance......we will see
ak ENER WoW
ahk watch it make us liars
James-ST Moderator: lol
James-ST Moderator: ENER one of the Top 10 volume and movers today......good play, profit and high liquidity
ak NVDA near new 52 wk high
ahk J did you thinbk it had the makings of a runner?
James-ST Moderator: And of course ak's CBST a nice one as well
ahk ener
James-ST Moderator: Like stocks that make ALL TIME HIGHs......they have the best chance.....first of all there is no resistance in the past......and when stocks break out like that shorts start to get steamrolled......snowabll effect imo
James-ST Moderator: NVDA......impressive
James-ST Moderator: Well SFNT would have hit profit......[img id=em-4]
ahk In the future, would you give us your best assessment if there's a decent chance of catching a runner?
James-ST Moderator: will try ahk.....
ahk we won't hold you to it!
eagle has logged out
ahk (think tar and feather)
James-ST Moderator: [img id=em-5]
James-ST Moderator: ENER was so smooth above all moving averages, using secondary exit strategies would have ridden quite a bit of profit
James-ST Moderator: CBST as well
ahk J you must alert us to those types of things!
ahk it's up to us to take action if we choose
ahk knowing that you will backstop our losses
ahk :-)
James-ST Moderator: [img id=em-8]
ahk seriously
James-ST Moderator: [img id=em-5]
ahk Start a thing called "runner alert"
ahk or something like that
James-ST Moderator: I can't find anymore noteworthy gapping stocks.........anyone else? Feel free to throw out stocks or personal trades........
James-ST Moderator: Will think about it ahk.....[img id=em-6]
ahk ok fair enough
ahk gtg, bbl
James-ST Moderator: tthn
James-ST Moderator: ttfn
James-ST Moderator: lol
James-ST Moderator: ok see you in a bit
James-ST Moderator: osyiab
ak JIAN :)
James-ST Moderator: [img id=em-2]
James-ST Moderator: market threatening HOD......stochastics are still up....CBST, ENER, SNDK all threatening HOD
James-ST Moderator: SFNT.....would have well exceed profit.......[img id=em-4]
James-ST Moderator: LNCR.......a pos[img id=em-9]
James-ST Moderator: Market new HOD
James-ST Moderator: SNDK new HOD
James-ST Moderator: CBST new HOD
James-ST Moderator: Market new HOD
James-ST Moderator: Nice follow through from yesterday's surge
jy next week will be interesting.
ak what's next week jy
James-ST Moderator: Well, it will tell if the last two day's action was just window dressing or a sustainable rally
James-ST Moderator: If the market goes down next week......you know for sure our rally yesterday and today is just artifical window dressing
jy as james sadi today is the last day of the qt. for the funds - window dressing. next week will be the test. plus there is all the earning announcements coming
ak what if it goes up next week and dops the following. Does that mean anything?
jy first sign of weakness backing down form hod
jy ak. i don't know for sure.
James-ST Moderator: depends how much it drops....so far all our action last two weeks....from our steep declines to our recent steep rise is meaningless.......no support or reistance levels have been broken.......we are trading in a sideways range
James-ST Moderator: In other words.....imo.....the market has not done a thing the last two weeks
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ak CNBC- September is up for first time since 1998. bumpy QTr ahead. October is an interesting month historically 1987, 1929 crashes happened during Oct. Can someone help me feel any better?
James-ST Moderator: [img id=em-5]
jy look at RHAT dive
James-ST Moderator: ah
James-ST Moderator: [b]CANCEL FURTHER TRIGGERS, TURN TIME[/b]
James-ST Moderator: Questions or comments?
James-ST Moderator: Any interesting plans for the weekend out there?
James-ST Moderator: SNDK NEW HOD
ak ENER diving
James-ST Moderator: [img id=em-5]
jy RHAT -1 penny
James-ST Moderator: Long tail....could be a reversal candle on daily.....unsustaniable run up.....shows people are willing to take profits at levels above yesterday's highs
James-ST Moderator: The psychology behind candlesticks
James-ST Moderator: fyi
James-ST Moderator: [img id=em-6]
James-ST Moderator: Taking a 20 minute lunch......
ak looks like CBST, ENER are in reverse gear
ak ENER nearing our trigger
Eric LNCR....POS
James-ST Moderator: Questions or comments?
James-ST Moderator: hey eric where are you from?
Eric Chicago
James-ST Moderator: cool
Eric Where are you from James?
James-ST Moderator: plans for the weekend?
Eric Wedding
James-ST Moderator: right now washington.....but grew up a military brat.......lived all over the world
James-ST Moderator: germany, kansas, virginia.etc
James-ST Moderator: weddiing.......free alcohol........always nice
James-ST Moderator: [img id=em-5]
James-ST Moderator: hopefully the market actually moves this afternoon.......taking a look at the SPX ......the market is actually dead flat fromt he open
James-ST Moderator: eric. you ever go to bear's games? or colleges around there?
Eric I have season tickets for the Cubs, so if you are ever in town...let me know. I have been to a couple of Bears games. the crowd is a little "crazy", a bit scary.
James-ST Moderator: wow
James-ST Moderator: must be fun though
James-ST Moderator: you know....
James-ST Moderator: the Cubs have to be the biggest disappointment every year
Eric I went to Depaul for my MBA, its in Lincoln park
James-ST Moderator: ah nice
Eric The Cubs rip my heart out every year
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James-ST Moderator: They are given Prior, Wood, ly Clement, etx...."stacked" lineup.......but quite frankly.......they suck
Eric they are not good. But is fun to go to the park and drink
James-ST Moderator: You give me Lee, Aramis Garci, Wood, Prior, and a bunch of scrubs...
James-ST Moderator: hahaha, very nice
Eric I dont understand it either
Eric drives my nuts
James-ST Moderator: lol
James-ST Moderator: i would go crazy too
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Eric the year they were 5 outs away from the series. A guy offered my $10,000 for my tickets
James-ST Moderator: holy crap!
Eric to the world series only
Eric then it all went down hill
James-ST Moderator: would be worth it except Bartman?
James-ST Moderator: You chicago folk were a little harsh on that kid......who caught the foul ball
James-ST Moderator: Destroyed his life.....but i think for some fans that was their life
Eric it was ugly. Poor guy coulndt go to work and had to move in with his parents
James-ST Moderator: goodness.......were you mad at him too?
Eric that will kill the dating life
James-ST Moderator: yep
Eric I am a fan....but not an idiot
James-ST Moderator: ah good
Eric I heard a good joke. I hope It doesnt offend
James-ST Moderator: go for it......no bad words though
Eric Donald Rumsfeld is giving the President his daily
briefing, and
concludes by
saying: "Yesterday, 3 Brazilian soldiers were killed
in an accident"
Eric "Oh MY GOD !", the President exclaims.
"That's terrible" and slumps forward, head in hands.
His staff sit there, nervously watching, stunned at
this display of
emotion.
Finally the President looks up and asks......."How
many is a
Brazillion"
James-ST Moderator: ahahhahahahahha
James-ST Moderator: lmao
Hunter : lmfao
Hunter : very soon now you'll be meeting Ally ....... lol
Eric I was a bit worried
Hunter : ah ... its all good !
James-ST Moderator: My subscription to netflix must be helping today....NFLX
James-ST Moderator: lncr pos
kim has logged out
James-ST Moderator: SNDK new HOD
James-ST Moderator: EBER is looking joooocy
James-ST Moderator: ENER
James-ST Moderator: Stochastics are oversold so i would be wary of trying to short it without some bounce
James-ST Moderator: Hopefully we can get some nice consolidation around here and a bounce.......trades below LOD would be signs of reversal
Hunter : decided to go aspen viewing, have a good weekend everybody, and good luck the rest of the day
James-ST Moderator: You are going to Aspen?
James-ST Moderator: ok hunter have a great weekend........drink lots of fluid
Hunter : no into the mtns to view the color changing of the aspen trees
James-ST Moderator: wow........beautiful
James-ST Moderator: that sounds nice
Hunter : I'll try my best to drink lots of fluids ! lmao
Hunter has left the room
Alaska has entered DayTrading Chat
James-ST Moderator: hey alaska
Alaska good morning!
Alaska Sure is quiet in here, unless my computer is messing up....
James-ST Moderator: [img id=em-6]
James-ST Moderator: Very slow friday......
Alaska OK
James-ST Moderator: Some pretty decent plays earlier.....10 more minutes and we will look at afternoon triggers
James-ST Moderator: alaska, you have any questions or commnets?
James-ST Moderator: We have another moderator....he is presently in Disneyland......
James-ST Moderator: And a bunch of others appear on vacation
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ENER 43.75[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ENER 43.75[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ENER 43.75[/b]
Alaska no questions right now, was just scanning for breakouts
James-ST Moderator: 44.66 is planeed stop right now....suggest waiting for ACTUAL trigger as trades below that after that huge spike would be confirmation of a reversal candle on the daily charts
ak LNCR LOD??
ak payback time
James-ST Moderator: looks line, but actually a trigger below candle 2day ago would be better at 40.39
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James-ST Moderator: Let's hold off for now.......
ak ok
Alaska holding off on ENER?
James-ST Moderator: Feel free to bring up other stocks of note......i think we did good job this whole week of narrowing our plays to the highest volume / biggest movers of the week
James-ST Moderator: ENER is ok......LNCR we are holding off
Alaska and below 43.75 is the possible entry point for a short?
James-ST Moderator: yes, trades below that support level would indicated a reversal candle on daily
Alaska This would be my first short sell, their has to be an uptick right before selling short right? and I sell short with a limit order?
James-ST Moderator: I believe an uptick is not required if you route through ARCA, can you confirm Todd?
James-ST Moderator: You can also use a spread order to say "Short between xxx xxx prices
James-ST Moderator: Are you using direct acces trading platfomr of any kind alaska?
Alaska yes, mbtrading
James-ST Moderator: good
James-ST Moderator: you should ahve those options
James-ST Moderator: SFNT showing first signs of weakness today on 5 minute chart
James-ST Moderator: Trading below 20 ema
James-ST Moderator: SNDK is actually looking like it may have another leg up.......nice consolidation and stochastics are far from overbought
James-ST Moderator: ah.....but starting to trade under 20 ema as well
James-ST Moderator: Need to watch those two
pvg6799 has entered DayTrading Chat
James-ST Moderator: wb pvg
pvg6799 thx
Todd-SOF Direct Hey Alaska, James is right. You don't need an uptick if routing through ARCA
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Alaska thx
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James-ST Moderator: well, we had 3 choices yesterda....
James-ST Moderator: upday today.......pull back or do nothing.........
James-ST Moderator: looks like the market has made its move for the window dressing.......
James-ST Moderator: We are right at the open.........
James-ST Moderator: a dead nothing day so far
James-ST Moderator: Again, we won't force any trades for the sake of making a play......suggest you do the same, look for ideal set ups and practice discipline with stops......
James-ST Moderator: If you enter a trade and it goes bad........all the praying in the world won't help.......your stop was set so you would mechanically no when to exit with out emotion.
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James-ST Moderator: know
James-ST Moderator: Questions or comments?
James-ST Moderator: Any plans for the weekend of note?
James-ST Moderator: hey alaska, what do you do up there? are you into the outdoors stuff? fishing and hunting?
Alaska BRB
Alaska I just got back from an unsuccessful moose hunt, spend alot of time at my cabin about 60 miles from Mt Mckinley (Denali), only accessible by plane or river boat in the summer.
James-ST Moderator: wow, true mountain man.......how do you get internet out there?
Alaska Starband, works very well, did some trading from the cabin this summer, cool to make money out there!
James-ST Moderator: yes that is unreal.......Starband is satellite connection? fast as cable?
Alaska So I got my order figured out for a short sell on ENER a stop sell short at 43.70 plus TTO buy to cover at either 47.60 or below 41.80. haven't submitted it, and now ener is going up of course. Starband is about $40 month unlimitted and it is DSL speed down but only dial up speed uplink.
ak SNDK trying to go UP, Down or NOwhere?
James-ST Moderator: cool......yes triggers are placed at support or resistance levels......if they don't trigger no problem.......if they trigger they indicate the stock has broken a significant resistance level.......worth entering
James-ST Moderator: Noted first signs of weakness for SNDK a little while ago, starting to trade under the 20 ema on the 5 minute cahrt, stochastics are down
Alaska Is that the practice here, enter the orders ahead of time with the trigger criteria?
ahk has logged out
James-ST Moderator: either way.......or enter when triggered.
James-ST Moderator: evaluate each trigger to your own tolerance.....risk, reward and capital..........
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James-ST Moderator: for those real high volume plays like RHAT yesterday.....you could do whatever...we have had traders here with high capitlization trade 10k share lots......on the really high volume plays........
James-ST Moderator: But say we have a trigger on a lower voluem stock, you may not set your order rather wait until triggered and evaluate for yourself to enter and with how much
Alaska thx
James-ST Moderator: Right now it appears we won't have any afternoon triggers.......rare but it sometimes happens....again.....we won't force triggers for the sake of action
James-ST Moderator: CBST new HOD here.......
ak SFNT near HOD
ak Overbought too
James-ST Moderator: yes, if you enter 36.20 is best trigger i can find
char Have a good weekend everybody ..See you Monday !
char has left the room
James-ST Moderator: ok cahr take care
Alaska CAH is falling after peaking in a break out, how does that look?
James-ST Moderator: Looks like that 50 ema on 5 minute chart might be riestance to upside for it
James-ST Moderator: Daily is still bullish however
Alaska yeah, doesn't seem to running out of steam I guess
James-ST Moderator: Market threatening HOD, stochastics up
ak SFNT new high
James-ST Moderator: Market at its back
James-ST Moderator: did you play it ak?
jy ak, did you long SFNT at 36.2 ?
ak nah, I wish
Alaska sfnt falling, are we shorting it?
jy no. it's too risky.
Alaska thx
James-ST Moderator: Could pan out as a Type C Top Play.......... Some resistance noted at these levels, and the market is nearing overbought
ak stop @ 37.01
James-ST Moderator: ok ak......will start kicking it for you
ak I am not short yet. still thinking.
Alaska type C top play? is that a short?
James-ST Moderator: yes possible.....just noting it is panning out as a possibility but no trigger yet
James-ST Moderator: Type C, we look for Resistance after a prolonged run up run down, market on your side.......
James-ST Moderator: And coming off of Overbought/Oversold conditions
James-ST Moderator: Market is still in an uptrend.....so ideally if Market started heading down......We may look to short SFNT
Alaska got it, thx
James-ST Moderator: SFNT......we have resistance noted in May at these levels......5 minute stochastics very overbought........
James-ST Moderator: I would wait for trades below 36.58 for confirmation so short, until then still uptrend
James-ST Moderator: Hope that helps
James-ST Moderator: You see how i got 36.58? used 1 minute candle, and that is the low of last pullback below 20 ema......a break of that low would probably indicate it wants lower.....
jose James, on HLF for a swing trade where do you see a good target long? ty
James-ST Moderator: Careful, 30.50 hit its head on that twice
James-ST Moderator: but...if it breaks that.....just set a trailing stop of the previous day's lows until you get stopped out for max profit
Alaska interesting on the 36.58 determination
James-ST Moderator: Yes looking for a recent pullback where buyers came in......a support level.....so you more or lessk know if next time around no buyers come in when it gets there again......that you got yourself a nice looking short
James-ST Moderator: Or the reverse of course if you look to long a battered stock
ahk J if it only worked most of the time, wed be rich
James-ST Moderator: [img id=em-3]
ahk its never eezzee
ahk do you think we're done for 2day
jose on this low volume HLF do you recommend to use previous day low or previous week's low?
jy look at SFNT now, it's bouncing back up to 36.9
James-ST Moderator: yep, no confirmation of turn
James-ST Moderator: hmmm jose
James-ST Moderator: tough call there
James-ST Moderator: has a big daily range since on such light volume.....stop loss based on previous or last week's low could potentially be large
James-ST Moderator: 27 stop from last week is 10% too much for me
James-ST Moderator: but if you can handle it.......
ahk J think we're done with calls?
ahk time for happy hour
James-ST Moderator: lol
James-ST Moderator: yes
James-ST Moderator: sounds good
ahk ok bye....vya mon
jy james, gn and ty for a decent week. cu monday.
James-ST Moderator: have a great weekend ahk
James-ST Moderator: ok jy take care man
ahk has left the room
jy has left the room
James-ST Moderator: [b]CANCEL FURTHER TRIGGERS......QUESTIONS OR COMMENTS?[/b]
ak SFNT is tempting
James-ST Moderator: swingtrade or just for the last hour?
ak last hour and possiblly swing.
James-ST Moderator: Very overbought and 37 looks like resistance.....just use 37.01 as a stop
ak I am in short @36.79 so help me out here. need some extra musle to push it down. lol
James-ST Moderator: You are handsome ak......set the stop and take it off watch list......make it a mindless trade
ak I have it all set rest is up to your muscle work. lol
James-ST Moderator: ok will start kicking.......
James-ST Moderator: [img id=em-4]
ak Push it harder Jamessssssss
James-ST Moderator: [img id=em-4][img id=em-4]
ak tough to break below .60
ak let's try again.
James-ST Moderator: keep the stop don't sweat it
James-ST Moderator: [img id=em-4][img id=em-4][img id=em-4]
ak WOw james you are strong
James-ST Moderator: now set stop to entry
James-ST Moderator: you can only break even 36.79
James-ST Moderator: [img id=em-4][img id=em-4][img id=em-4][img id=em-4]
James-ST Moderator: Now look for a support level
ak I t my target and I am out. ty for helpng me push it down
James-ST Moderator: 36.25ish area it concsolidated awhile there see that? maybe take profits there or just wath the 5 ema on 1 mnute chart
ak shorted .79 and out .36
James-ST Moderator: so many typos
James-ST Moderator: ah very nice ak!
James-ST Moderator: handsome
James-ST Moderator: entering a trade with a nice defined stop is never too scary
James-ST Moderator: and you had one
James-ST Moderator: good play
ak I had my stop and target setup. Whichever comes first takes me out.
James-ST Moderator: yes awesome
James-ST Moderator: you are handsome,.......i know that is all you want to hear
ak I am used to it already and it does not hurt to hear agian and again. lol
ak I wish I can trade like this all the time.
James-ST Moderator: lmao
James-ST Moderator: well, you definitely identified it
ak Ihad some confidence looking the way the Stochs looked. Overbought area pointing downwards.
James-ST Moderator: yep
James-ST Moderator: Stochastics indicators are not always right, but definitely can help
ak Also, the stock had a big GAP and up 20+%
James-ST Moderator: yep, and resistance
ak Probability of a pull back was higher I thought that why I hit the short button.
renram22 has logged out
James-ST Moderator: [img id=em-3]
James-ST Moderator: QUESTIONS OR COMMENTS?
James-ST Moderator: Hope everyone has a great weekend...remember to drink lots of liquids.......
ak bitter ones the better
James-ST Moderator: Preferably the kind that comes in 12 oz aluminum cans
James-ST Moderator: there it goes ak
James-ST Moderator: dont look good trade
ak I am happy as it worked out as planned. now it can go further down if it wants. I am out and happy getting ready to get HYDRATED
ak lol
James-ST Moderator: hahhaha yep
ak it is sitting on 50 ema now so it might bounce too. would be interesting if it breaks thru
ak stochs alosin oversold area
James-ST Moderator: careful.....just like it was overbought for a long time and kept going up it can be oversold for a long time and keep going down
ak true that si why we also see the 50 ema support
James-ST Moderator: [img id=em-3]
ak looks like it will break thru.profit taking
jy has entered DayTrading Chat
James-ST Moderator: hey jy wb
Alaska still talking about sfnt?
James-ST Moderator: yes
jy james, I have to come back and give you a TY on SGNT short. GJ
James-ST Moderator: jy, just couldn't leave us eh?
James-ST Moderator: ah ak just caught too
James-ST Moderator: caught it too
jy made 1% and pennies. Just want to say TY.
Alaska It's still quite a ways above that 35.58 dip below the 20 day ema.
James-ST Moderator: no thanks.....it is all you....just here to help you read charts and give suggestions
James-ST Moderator: gj jy and everyone, call it a week.......trading is stressful so rest up and have fun this weekend
jy now - gn and cu monday. james have a good weekend.
James-ST Moderator: you too take care
jy has left the room
ak Cu all and TY james for themuscle work. you must be exhausted too. Have a good weekend.
James-ST Moderator: hahahaa
James-ST Moderator: [img id=em-4]
James-ST Moderator: take care
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