Trades for Wed, July 22nd, 2015 + Chatroom Transcripts

22 Jul Trades for Wed, July 22nd, 2015 + Chatroom Transcripts

9:33 – SHORT AAPL 123.22, STOPPED 123.60, out - .38       =            - $114

9:39 – SHORT 1000 FB 97.41avg, COVERED 97.21, out + .20       =            + $200

9:44 – SHORT 1000 MSFT 46.75avg, COVERED 900 at 46.59, out + .16, COVERED 100 at 46.48, out + .27            =            + $171

9:59 – BUY 200 AAPL 124.42, SOLD 100 at 124.90, out + .48, SOLD 100 at 124.55, out + .13       =            + $109

10:09 – SHORT 1000 YHOO 39.09, COVERED 39, out + .09            =            + $90

10:22 – SHORT 500 FB 96.93, COVERED 96.82, out + .11       =            + $55

10:47 – SHORT 1100 FB 96.77avg, COVERED 900 at 96.68, out + .09, COVERED 200 at 96.60, out + .17            =            + $117

10:58 – SHORT 200 FB 96.71avg, COVERED 96.70, out + .01       =            + $2

11:04 – SHORT 300 FB 96.66, STOPPED 96.72, out - .06       =            - $18

11:14 – BUY 500 BA 145.84avg, SOLD 400 at 146.12, out + .28, SOLD 100 at 146.19, out + .35    =            + $147

Total Daily P/L:     + $759

Total Weekly P/L:      + $2,465

Total Monthly P/L:      + $9,476

Total Yearly Profit:     + $49,878

FB07222015 QCOM07212015finale2

Summary:

SPY grinded up off the open to peak out near that 211.66 fib. We hit MSFT SHORTS off the beautiful 46.87 fib, 46.77 pivot and daily 5 period ma for perfect reversions. We got stopped on initial AAPL SHORTs but hit the longside light shares to scalp the 60 min 15 period ma overshoots. BA formed a 5 min MSL off the gap fill as we hit it LONG to scalp up thru the 146.17 pivot before the SPY 5 min double barrel inverse pup triggered on the rejection off 211.34 on the nose. Closed out the day with + $759 profits.

* Chatroom Log for 7./22/2015* A Peek Inside the UndergroundTrader... 

09:00 Jay   Morning traders
09:01 Jay   WatchList: GPRO, AAPL, UNFI. MSFT, YHOO, VDSI, FB
09:14 Jay   https://www.tradingview.com/x/skC1CUoe/ <-- fibs for watchlist
09:15 Jay   nevermind UNFI, replace with PYPL
09:15 Jay   running late this morning apologies
09:15 Jay   SPY gap down due to AAPL
09:16 Jay   AAPL 123.11 superfib, 120.77, 119.55 super fib
09:16 Jay   121.99 fib, 117.52
09:17 Jay   GPRO 63.50s is super fib
09:17 Jay   52.56 and 59.35 fibs
09:17 Jay   above 63.50s large gap without fibs
09:17 Jay   will have to do a 5min intraday
09:17 Jay   after it makes highs
09:19 Jay   MSFT 46.87, 46.47 fibs
09:19 Jay   46.25, 45.80 super fibs
09:19 Jay   45.33, post market fib where it coiled last night
09:19 Jay   45.08,44.96 fibs and 44.65
09:19 Jay   pretty tight range
09:19 Jay   will watch how that 45.33 fib plays out
09:21 Jay   YHOO 39.97 super fib, 39.83 super fib, 38.40, 37.55 fibs
09:23 Jay   SPY 60 min 5 at 211.03 with stochs under 10 band, looks oversold but have to see if they can coil it back up . 211.38 was the MSH on the daily
09:23 Jay   lets see how the open plays out
09:29 Jay   MSFT initial coils off that 45.33 fib premarget low
09:29 davidcas   Good morning all
09:29 Jay   morning dc
09:30 gander   hi david
09:30 Jay   cue up 300 AAPL SHORT
09:30 Jay   TRADING ALERT: Consdier a SHORT AAPL - Always use a protective stop loss!
09:30 Jay   in at 123.22
09:30 Jay   12311 super fib
09:31 Jay   TRADING ALERT: AAPL back to cash - Always use a protective stop loss!
09:31 Jay   out at 123.60
09:32 dodge   aapl long +.65 smaller shares
09:33 Jay   wtg d
09:33 Jay   freighttrain
09:34 vic2   wtg d
09:35 dodge   thanks guys
09:35 Jay   cue up 500 FB SHORT
09:35 Jay   TRADING ALERT: Consdier a SHORT FB - Always use a protective stop loss!
09:35 Jay   in at 97.48
09:36 Jay   TRADING ALERT: Consdier a SHORT FB add 500 - Always use a protective stop loss!
09:36 Jay   in at 97.33
09:38 Jay   97.24-97.15 scalp
09:38 Jay   TRADING ALERT: FB scalp leans
09:38 Jay   out at97.21
09:40 Jay   cue up 500 MSFT SHORT
09:40 Jay   TRADING ALERT: Consdier a SHORT MSFT - Always use a protective stop loss!
09:40 Jay   in at 46.73
09:40 Jay   46.87 is fib
09:41 Jay   TRADING ALERT: Consdier a SHORT MSFT add 500 - Always use a protective stop loss!
09:41 Jay   in at 46.77
09:42 Jay   46.47 fib 46.25 fib
09:42 Jay   TRADING ALERT: MSFT trim 800 46.50s
09:42 Jay   out at 46.59
09:43 Jay   TRADING ALERT: MSFT scalp out 100 more
09:43 Jay   out at 46.59
09:43 Jay   100 left
09:43 dodge   wtg j
09:43 Jay   see if 1min can slip 80 band
09:43 Jay   tx d
09:44 Jay   TRADING ALERT: MSFT lock out
09:44 Jay   out at 46.48
09:45 Jay   46.47 fib
09:45 Jay   FB puke
09:45 Jay   AAPL peaks
09:46 Jay   123.11 sfib tests
09:46 JacobF  VDSI stuck right at the fib
09:46 JacobF  not anymore
09:48 Jay   kinda thin jacob
09:49 Jay   gets tricky from here
09:49 Jay   initial reversion pops happened
09:49 Jay   on gaps down
09:49 Jay   question is where to from here
09:50 Jay   SPY is still froggy
09:52 rich7   well played on MSFT, it used to be so tough to trade, imho
09:52 Jay   tx rich, i usually only trade it on earnings
09:52 Jay   the big volume makes it more transparent
09:52 Jay   otherwise its a tight chopfest
09:53 Jay   that SPY is pretty relentless
09:54 Jay   on AAPL next fib around 125.47
09:54 Jay   if it gets there then will look for a reversion
09:55 Jay   TRADING ALERT: Consdier a BUY 200 AAPL LONG - Always use a protective stop loss!
09:55 Jay   in at 124.42
09:55 Jay   figure why wait for that fib on sidelines?
09:55 Jay   lets see if we can ride it up to there
09:55 Jay   5min upper bbs at 123.97 fyi
09:56 Jay   TRADING ALERT: AAPL trim 100
09:56 Jay   out at 124.90
09:56 dodge   wtg
09:56 Jay   100 left
09:57 Jay   124.81 is 60 min 15
09:57 Jay   TRADING ALERT: AAPL scalp out the rest
09:57 Jay   out at 124.55
09:58 Jay   didnt realize the 60 min 15 was tested
09:58 Jay   5 min has a mini pup but 124.08 is 5min 5 so i will watch for reversion IF it hjappens
10:05 Jay   cue up 1k YHOO SHORT
10:05 Jay   TRADING ALERT: Consdier a SHORT YHOO - Always use a protective stop loss!
10:05 Jay   in at 39.09
10:05 Jay   39.15 60 min 15 tagged so due for a reversion
10:07 Jay   TRADING ALERT: YHOO scalp 39.02-38.97
10:07 vic2   CMG forming a top
10:07 Jay   1 min still in a mini inv pup
10:08 gander   vic lives on the edge of a cliff
10:08 vic2   hehe
10:08 gander   in earthquake prone southern california
10:08 ncdave  CMG afraid to look for fear i might accidentally get into a trade
10:08 vic2   I've been quiet.....wanted to say something
10:08 Jay   fyi aapl rejected off that 60 min 15
10:09 gander   lol vic
10:09 Jay   YHOO out at 39
10:09 vic2   lol g
10:09 gander   vic is Donald Trump jr
10:09 vic2   lol
10:09 Jay   game of juice the spy
10:10 Jay   lol
10:10 Jay   YHOO 1 min thru 20 band oscillation down
10:10 Jay   work the liquidity
10:10 Jay   leans
10:11 Jay   in earnings season you can find theme
10:11 Jay   themes
10:11 vic2   vey happy to see WMT up
10:11 Jay   like 60 minute chart 5 to 15 period ma tightenings
10:11 rich7   but vic is no hero in his pop's book
10:11 Jay   then rejection and reversions off that 6t0 min 16
10:11 Jay   after tightening formed
10:11 Jay   AAPL case in point
10:11 Jay   124.80s was 60 min 15
10:11 Jay   tried twice to break and gave up
10:11 Jay   thus YHOO 39.15 exact same setup 60 min 15
10:12 Jay   60 min 15 rejection off tightening theme
10:13 vic2   CMG shoudl be traded in sibgle digit shares
10:13 vic2   single
10:14 Jay   SPY resilient
10:14 Jay   MSFT peaked off daily 5pd ma
10:15 Jay   and fib 46.76
10:15 Jay   coiled resistance
10:15 vic2   lol rich
10:16 Jay   cue up 500 FB SHORT
10:16 Jay   see if 5min makes a MSL or 1 min peaks
10:17 Jay   SPY trying to get to that daily 5 it seems
10:18 Jay   TRADING ALERT: Consdier a SHORT FB - Always use a protective stop loss!
10:18 Jay   in at 96.93
10:20 Jay   1 min slip
10:20 Jay   TRADING ALERT: FB scalp
10:21 Jay   out at 98.82
10:21 Jay   lots of liquidity here
10:21 Jay   into the leans
10:22 vic2   wtg J
10:22 Jay   tx vic, usually FB coils off that 96.80 area
10:22 Jay   but this time looks liek a perf storm may attempt took off a bit early
10:22 Jay   if 15mi nstochs crosses down then inv pup forms
10:23 Jay   SPY is the wildcard
10:23 lakehick   nice morning Jea, thanks.
10:23 rich7   Jay, on my ts charts for aapl, 60min, i had to set to "24hr" to get anywhere near your 15ma.
10:23 Jay   wtg lake
10:23 vic2   wtg lake
10:23 Jay   tricky action but still action
10:23 lakehick   thx vic
10:24 Jay   SPY rope a dope there with the 5 min mini pup
10:24 Jay   turned it back down
10:24 Jay   wow , 211.66 is a fib
10:24 rich7   have it set to pre and post markets, and dam if FB didn't just cut back radically from exactly 60min 15ma.
10:26 Jay   right rich 96.97 the 60 min 15 , that 15 min is the muscle and its in a make or break hasnt decided what it wants to do
10:26 rich7   wonder which time frame might be all-around best? for 60 minutes frame
10:26 Jay   it depends on your style, swing or scalp
10:27 Jay   but no reason to settle on a single time frame
10:27 dodge   build in oil inventory
10:27 Jay   unless there s aboss
10:27 Jay   a boss can be seen when all other time frames are in one direction and boss holds firm against them and turns them his way
10:28 vic2   the Gas price is a nosebleed here in the Goldne State D
10:29 vic2   using Bicycle more often...
10:29 dodge   not too bad in Tx
10:29 Jay   SPY back to 60 min 15
10:29 Jay   211.33
10:29 dodge   but we ride horses
10:29 Jay   211.08 is 60 mi 5
10:29 vic2   everywhere else is fine
10:29 vic2   lol d
10:30 dodge   :-)
10:30 Jay   u cant tell its getting dry early here
10:31 vic2   an hour of trading Jay
10:31 Jay   yes vic
10:31 Jay   1st hour is nice n wet
10:31 Jay   climate
10:31 Jay   TRADING ALERT: Consdier a SHORT 300 FB - Always use a protective stop loss!
10:31 Jay   in at 96.80
10:31 rich7   yuppies in Tx ride hybrid horses :)
10:32 Jay   lets see if we get a new leg down her eo n15 min cross
10:32 Jay   they popped FB to that 60 min 15 and rejected again
10:32 Jay   this time trying to break coil support but with a low band SPY vs the 15 min FB cross down and 5 min mini inv pup
10:33 Jay   went in light expecting to add near that 60 min 15
10:34 Jay   or just get a trending move down
10:34 dodge   Morning g
10:34 Jay   and perf storm down
10:34 Jay   TRADING ALERT: Consdier a SHORT FB add 300 - Always use a protective stop loss!
10:34 Jay   in at 96.74
10:35 Jay   SPY has room to 211.07
10:41 Jay   SPY coming down
10:42 Jay   TRADING ALERT: Consdier a SHORT FB add 300 - Always use a protective stop loss!
10:42 Jay   in at 96.76
10:42 Jay   96.79 is 5min 5 reisstan cema on mini inv pu p
10:42 Jay   TRADING ALERT: Consdier a SHORT FB add 300 - Always use a protective stop loss!
10:43 Jay   in at 96.77
10:43 Jay   5 min mini inv pup
10:43 Jay   algos playing games
10:44 Jay   1200 avg at 96.77
10:45 Jay   need 96.73 break for 1 min mini inv pup
10:46 Jay   leeans
10:46 Jay   TRADING ALERT: FB trim 900 out
10:46 Jay   out at 96.68
10:46 Jay   leeens
10:46 dodge   wtg j
10:47 Jay   300 left
10:47 Jay   tx d
10:47 Jay   FB has a perf storm down now but watch the 1min lower bbs
10:48 Jay   fasding spy for now
10:49 Jay   98.63-98.58 trim out 200 more
10:49 Jay   TRADING ALERT: trim 200 more
10:49 Jay   out at 98.60
10:49 Jay   96.60 i meant
10:50 Jay   100 left
10:50 Jay   96.40 is 5min lower bbs
10:50 Jay   look to lock out down there
10:52 dodge   oils grind
10:52 gander   tks d
10:53 Jay   TRADING ALERT: cONSDIER a SHORT FB add 100 - Always use a protective stop loss!
10:53 Jay   in at 19.68
10:53 Jay   96.68 i mean
10:53 Jay   dam where do i get these numbers
10:53 Jay   lol
10:53 Jay   5min 5 test
10:54 Jay   96.69 is 5min 5 ressitance will give it room to 96.82
10:54 Jay   thats about it
10:55 Jay   200 shares hort avged at 96.71 now
10:55 Jay   a 1 min peak and slip is what we need for leans back to lows and a SPY SLIP
10:55 Jay   SPY back to 15min 5
10:55 Jay   rat bastid spy
10:56 Jay   96.78 is 15min 5 resistance
10:57 Jay   SPY trying to peak but 1 min trying to mini pup need a .67 break
10:57 Jay   back under the 5min 5 or else 5 min MSL
10:57 Jay   gotta break under 96.67
10:58 Jay   TRADING ALERT: FB scalp out
10:58 Jay   out at 96.70
10:59 Jay   will step back in for 300 if 1min crosses back down
10:59 dodge   slb short +.09
10:59 Jay   TRADING ALERT: Consdier a SHORT FB for 300 - Always use a protective stop loss!
10:59 Jay   in at 96.66
11:02 Jay   TRADING ALERT: FB back to cash
11:02 Jay   out at 96.72
11:02 Jay   waste of brain cells
11:02 Jay   garbage
11:03 vic2   hehe
11:07 Jay   cue up 300 BA LONG
11:08 Jay   TRADING ALERT: Consdier a BUY BA - Always use a protective stop loss!
11:08 Jay   in at 145.81
11:08 Jay   coiled a 5min MSL off gap fill trsting 5min 5
11:09 Jay   TRADING ALERT: Consdier a BUY BA 145.80 add200 - Always use a protective stop loss!
11:09 Jay   in at 145.86
11:13 Jay   145.93 is 5min MSL trigger problem is SPY being a piece of sh*t need a coil
11:13 Jay   cmon uptik spy
11:14 Jay   BA thrusts
11:14 hodge  nice move
11:14 Jay   TRADING ALERT: BA trim 400
11:14 Jay   out at 146.12
11:14 dodge   nice J
11:14 Jay   tx d
11:15 ncdave  got it .68 on the call by luck then net died... forced patience :)
11:15 Jay   pivot here at .17
11:15 Jay   nice nc :)
11:15 lakehick   great call
11:15 Jay   FBgood stop earlier turned out to be a buy fade
11:16 Jay   on BA one more mini pup hopefully here for a thrust thru pivot to scalp out
11:16 Jay   the rest
11:16 Jay   up to 146.30
11:16 Jay   TRADING ALERT: BA LOCK OUT thrusts
11:16 ncdave  nice
11:17 Jay   SPY upticking to 5min 5
11:17 Jay   OUT at 146.19
11:18 Jay   problem is 5min 5 at 211.34 and a rejection can form a mini inv pup
11:18 Jay   on an existing inv pup
11:18 Jay   like touching the fangs of a king cobra
11:18 Jay   right before it strikes down
11:18 Jay   see that rejection on SPY off 211.34
11:18 Jay   and 1min slip
11:19 Jay   cobra striking down
11:19 Jay   5min inv pup and mini inv pu p
11:19 Jay   look at that
11:19 Jay   leeens
11:19 Jay   this is what lurks beneath
11:20 Jay   BA moves with the SPY naturally a general in Dow and SPY
11:21 Jay   we got out long before the impact
11:21 Jay   poetry in motion
11:21 Jay   we were just buying time before the SPY got wacked
11:22 Jay   trades like this feel good :)
11:22 Jay   not so much the money
11:22 Jay   but the TIMING
11:22 Jay   was just perfect
11:22 Jay   on our exits
11:23 Jay   BA move right to pivot stalled we got out long before the SPY lead foreshadowied selling
11:23 Jay   anyways.
11:23 Jay   seeing a bunch of garbage out there now
11:24 Jay   we squeezed out what we could
11:24 Jay   lemme tally up the totals
11:24 Jay   fyi, LOCK took a big dump yesterday and seems to be basing
11:38 vic2   out of JUNO at 52
11:39 Jay   nice vic, havent been watching JUNO
11:39 Jay   ok gang heres the summary of the morning trades
11:39 Bot  9:33 – SHORT AAPL 123.22, STOPPED 123.60, out - .38 = - $114
11:39 Bot  9:39 – SHORT 1000 FB 97.41avg, COVERED 97.21, out + .20 = + $200
11:39 Bot  9:44 – SHORT 1000 MSFT 46.75avg, COVERED 900 at 46.59, out + .16, COVERED 100 at 46.48, out + .27 = + $171
11:40 Bot  9:59 – BUY 200 AAPL 124.42, SOLD 100 at 124.90, out + .48, SOLD 100 at 124.55, out + .13 = + $109
11:40 Bot  10:09 – SHORT 1000 YHOO 39.09, COVERED 39, out + .09 = + $90
11:40 Bot  10:22 – SHORT 500 FB 96.93, COVERED 96.82, out + .11 = + $55
11:40 Bot  10:47 – SHORT 1100 FB 96.77avg, COVERED 900 at 96.68, out + .09, COVERED 200 at 96.60, out + .17 = + $117
11:40 Bot  10:58 – SHORT 200 FB 96.71avg, COVERED 96.70, out + .01 = + $2
11:40 Bot  11:04 – SHORT 300 FB 96.66, STOPPED 96.72, out - .06 = - $18
11:40 Bot  11:14 – BUY 500 BA 145.84avg, SOLD 400 at 146.12, out + .28, SOLD 100 at 146.19, out + .35 = + $147
11:40 Bot  Total Daily P/L: + $759
11:40 Jay   more work this morning
11:40 Jay   but high hit rate
11:41 ncdave  thgat $2 short on FB really topped it off
11:41 Jay   that AAPL short off the open was nasty
11:41 Jay   but with only 300 shares, couldnt get hurt too bad
11:41 Jay   haha nc
11:41 Jay   the key to everything is sizing
11:41 Jay   learned the hard way at that
11:41 Jay   scaling in works great with the fibs
11:41 Jay   MSFT was so beautiful
11:41 Jay   i we missed the coil off the fibs long
11:42 Jay   but that SHORT at 46.70s
11:42 Jay   was a fib resistance + daily 5 period ma
11:42 Jay   thing of beauty
11:42 ncdave   was frustrating it popped to withion .20 of the fib but never got there... fell all morning
11:42 ncdave  GPRO
11:42 Jay   it squeezed so hard up to there and peaked and puked
11:42 Jay   love those
11:43 Jay   right nc, that 63.50 super fib on gpro
11:43 Jay   but its so good to know ahead of time where these inflection points are
11:43 Jay   it almost feels like cheating 😉
11:43 ncdave  like hunting turkey and you cant quite call it in close enough
11:43 Jay   haha
11:44 Jay   ok gang. that's gonna be it for me for the day.
11:44 Jay   once again, dont waste your ammo and pace yourself if u stick around
11:44 Jay   when u have diverging 60, 15,5 min stochs
11:44 vic2   well done Jay....
11:44 Jay   that means chop
11:44 Jay   tx vic :)
11:45 Jay   cyall in the morning, lots and lots of earnigns due out tonight
11:45 Jay   have the ammo ready
11:45 Jay   blog will be up shortly
11:45 Jay   pooooooooof!
11:45 vic2   poooooooof indeed..

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