Compound Trading Thursday April 6, 2017 Review of; Chat Room Stock Day Trading, Swing Trading, Algorithm Chart Trading and Live Stock Alerts. $AKTX, $HTGM, $DVN, $SXE $OIH $CHK, $USOIL, $WTIC, $GLD – $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI etc …
Intro:
Compound Trading is trading group involved with day trading, swing trading and algorithmic model chart trading.
Time stamped entries (in permanent archive) copied to this blog are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive.
In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at. At times guest traders and associate traders will screen share charting and/or voice broadcast.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/ .
Notices:
New lead trader blogpost: When You Learn It – You Are Free (Part 1 of Freedom Traders). My Stock Trading Story.
https://twitter.com/CompoundTrading/status/848681468125745153
Trade risk management psychology and mechanics is a discipline itself. I am convinced a small study library could be filled on the topic.
— Melonopoly (@curtmelonopoly) April 1, 2017
Big Changes: Even though we post my trades and trading room transcript and video daily (which has been a massive time investment) as of now we are posting intra-day small videos to our Twitter feed and YouTube – every trade as they happen. Each will have details of setup and reasoning for each trade. We will still post complete trading room session to Youtube also.
Even though we post my trades and trading room transcript and video daily (which has been a massive time investment lol) starting Monday…
— Melonopoly (@curtmelonopoly) April 1, 2017
If you missed it, here is the Previous Day Stock Trading Results Wednesday April 5 (public):
https://twitter.com/CompoundTrading/status/849948952220901376
Premarket Trading Plan – Watchlist (member) for Thursday April 6 session can be found here:
https://twitter.com/CompoundTrading/status/849968378429272064
Swing Trading Newsletter (member) is Published:
https://twitter.com/CompoundTrading/status/849524916135354368
Review of Markets, Chat Room, Algorithm Charting, Trades and Alerts:
Premarket watch-list for me was all about:
PreMarket Trading Plan Thurs Apr 6 $NVFY, $TENX, $SCON, $AKTX, $XIV, $USRM, $GLD, $GDX, $USOIL, $WTIC #premarket #trading
$XIV Premarket pic.twitter.com/msPuQ6mvrz
— Melonopoly (@curtmelonopoly) April 6, 2017
In play today in chat room and on markets:
$CLNT, $GSN, $HTGM were the momentum plays on the day.
$CLNT P A R A B O L I C pic.twitter.com/s4NuNIRrHo
— Melonopoly (@curtmelonopoly) April 6, 2017
Stocks, ETN’s, ETF’s I am holding:
I am holding (in order of sizing – all moderately small size to micro sizing) – $DVN, $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI (this is the daytrading portfolio and does not represent swing trading service portfolio): Looking at moving out of all these small positions over the next month or so. I am now 95% cash in daytrading account.
Note-able Momentum Stocks Today (via FinViz):
Ticker | Last | Change | Volume | Signal | |
CLNT | 6.72 | 129.35% | 4614523 | Top Gainers | |
GBSN | 0.01 | 45.83% | 571262121 | Top Gainers | |
HTGM | 7.24 | 31.64% | 12063939 | Top Gainers | |
NVFY | 1.98 | 27.74% | 14680098 | Top Gainers | |
HOFT | 39.30 | 24.96% | 299900 | Top Gainers | |
AKTX | 14.60 | 24.79% | 6637104 | Top Gainers | |
CLNT | 6.72 | 129.35% | 4614523 | New High | |
DSX | 5.28 | 7.32% | 1564000 | New High | |
CLCT | 28.69 | 10.13% | 75257 | New High | |
SXE | 4.11 | 0.74% | 746000 | New High | |
AKTX | 14.60 | 24.79% | 6637104 | Overbought | |
NORD | 27.49 | 0.81% | 121600 | Overbought | |
CLNT | 6.72 | 129.35% | 4614523 | Unusual Volume | |
XELB | 3.06 | 19.80% | 937400 | Unusual Volume | |
NVFY | 1.98 | 27.74% | 14680098 | Unusual Volume | |
LLSC | 30.58 | -2.41% | 11000 | Unusual Volume | |
ABMD | 125.54 | 1.73% | 278644 | Upgrades | |
BCOM | 20.01 | 0.05% | 400 | Earnings Before | |
ED | 78.33 | -0.25% | 1010500 | Insider Buying |
The Markets Looking Forward:
Fed. Unwinding 4.5 YUGE Ts #trillion What a tribe. https://t.co/nvyGQ40kKb
— Melonopoly (@curtmelonopoly) April 6, 2017
We have been warning folks (as a result of algorithm anomalies picked up) for sometime about significant resistance not far above in Oil and SPY so it will be interesting to see if we get through it. Here’s just some of the posts. The oil resistance cluster is much larger than the one identified on $SPY.
We notified members in most recent trading range over last week that our algorithm identified a divergence and to expect an interimn top.
— Freedom $SPY Algo (@FREEDOMtheAlgo) March 21, 2017
To be clear, our algorithm @FREEDOMtheAlgo alerted a $SPY anomaly recently. Which has us cautious until recent high taken out and confirmed.
— Melonopoly (@curtmelonopoly) April 3, 2017
I wouldn't get too excited long $SPY $ES_F $USOIL $WTI etc. until most recent highs are taken out and confirmed.
— Melonopoly (@curtmelonopoly) March 30, 2017
7 of… A break to upside of $SPY $WTI algo resistance would signal what can only be described as "unnatural" I suppose…
— Melonopoly (@curtmelonopoly) March 19, 2017
Algorithmic Chart Model Trading / News:
I'm learning to trust the algorithmic models. Still struggling as a trader at times to submit, but you just can't argue their call record.
— Melonopoly (@curtmelonopoly) April 6, 2017
Epic the Oil Algo was at it again with a crazy price target hit to the penny and exact time at Wednesday #EIA report time at 10:30 AM. That call was made Sunday for that exact time and price Wednesday and what made it more interesting was how oil literally fell from the sky and landed right in the middle of the target. We caught it on video.
#EIA Price hit target exact time & price called Tues 10:30. Crude algo. $USOIL $WTIC $CL_F $USO $UWT $DWT #OOTT
https://twitter.com/EPICtheAlgo/status/849642844360802304
There it is live on video wow crazy. Dead center! Oil drops in to target exact time and price 🔥🔥🔥 EPIC the OIL Algo. $USOIL $WTI #OIL #EIA https://t.co/1rJHKTV7P5
— Melonopoly (@curtmelonopoly) April 5, 2017
We reviewed Rosie the Gold Algo charting in the room recently and posted the video to YouTube:
The Charting Algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).
Swing Trading Notes / News:
The Swing Trading Twitter feed is here: https://twitter.com/swingtrading_ct.
On Thursday we reviewed a number of swing trading set-ups in the room and published video snippets of each to YouTube, you will find some examples below and refer to our YouTube Channel for the others (many will be uploaded through the weekend);
$SXE South Cross Energy Partners Chart Review
$OIH VanEck Vectors Oil Services ETF Chart Review
$CHK Chesapeake Energy Chart Review
Intraday Energy Updates $USOIL $WTI $DVN $REI etc.
Simple swing charting that keeps me level when looking at the markets (examples below). Simple charting I find grounds you to simple trades which in turn keeps you profitable in toppy or sideways markets.
https://twitter.com/CompoundTrading/status/848756853169283073
$BABA Swing Trade going well. Our Swing Trading side is in at 104.64 trading at 108.17. #swingtrading pic.twitter.com/x2zOezrBQ3
— Melonopoly (@curtmelonopoly) April 4, 2017
$NFLX March 29 we entered swing trade 145.50 when MACD turned, trading 146.82, stop at flat and re-enter if we have to. #swingtrading pic.twitter.com/DI8fiL6nsv
— Melonopoly (@curtmelonopoly) April 4, 2017
$AXP American Express. So close. SQZMOM about to turn, MACD cross on deck just need PTPTRR to line up. Need volume & power. #swingtrading pic.twitter.com/V4dGTTw0T9
— Melonopoly (@curtmelonopoly) April 4, 2017
$ABX Setting up nicely. Above 200 MA, wait for Stoch RSI to turn, SQZMOM green MACD turns up and kapow! Some volume & power would help too. pic.twitter.com/Umdcrc6ffV
— Melonopoly (@curtmelonopoly) April 4, 2017
US Dollar $DXY $USDJPY $UUP & Currencies of Note:
NA
Gold $GLD $XAUUSD / Gold Miner’s $GDX:
{40 year} Gold Seasonality Chart. #Gold $GLD $SLV $GDX $GDXJ $NUGT $DUST #Silver https://t.co/bJnAoWCHPS
— Melonopoly (@curtmelonopoly) April 2, 2017
Silver $SLV:
Silver Gold Platinum Palladium money pos. https://t.co/JGMkj0oLb8
— Melonopoly (@curtmelonopoly) April 2, 2017
Crude Oil $USOIL $WTI:
EPIC the Oil Algo Killing it as usual:
Price hit target centre exact time and price called for Tues 10:30. Crude algo. FX $USOIL $WTIC #OIL $CL_F $USO $UCO $SCO $UWT $DWT #OOTT
https://twitter.com/EPICtheAlgo/status/849638081720270848
$WTI $CL_F $USOIL net long short https://t.co/hpRZPGo4fM
— Melonopoly (@curtmelonopoly) April 2, 2017
Volatility $VIX:
$VIX #gamma #diverge https://t.co/UR56MiAx6Z
— Melonopoly (@curtmelonopoly) April 6, 2017
$SPY S&P 500:
$SPX P/E Ratio above 10 year average. https://t.co/3BzGNUugvs
— Melonopoly (@curtmelonopoly) April 3, 2017
$NG_F Natural Gas:
NA
Live Trading Chat Room Transcript: (on YouTube Live):
2 Part video (Part 1 embed below go to our Youtube channel for Part 2)
Compound Trading Stock Chat-room Transcript:
Please note: Miscellaneous chatter removed from transcript and some discussions I will add notes with information I’ve gleaned in discussions online with traders on DM etc also for further explanation (noted with *). Most days at 9:30 ET market open there is moderator live broadcast explaining trades and at times during the day there is also live broadcast market updates and trade set-up explanations (so you have to scroll through video feed to market open etc to catch live broadcast portions – in future we will note in in transcript when we are on the mic so viewers can correlate time with transcript with video feed when reviewing trades).
Note: We are testing a new trading room. This particular room does not list a time stamp with each chat entry – we are working on a fix.
Sartaj: Good morning, everyone
linda: moning
Curt M: Protected: PreMarket Trading Plan Thurs Apr 6 $NVFY, $TENX, $SCON, $AKTX, $XIV, $USRM, $GLD, $GDX, $USOIL, $WTIC LINK: https://compoundtrading.com/premarket-trading-plan-thurs-apr-6-nvfy-tenx-scon-aktx-xiv-usrm-gld-gdx-usoil-wtic / PASSWORD: PRE040617 Link for Live Trading Room https://compoundtrading.clickmeeting.com/livetrading
Curt M: Morning!
Leanne: good morning
Sartaj: Welcome back
Curt M: On Mic at 9:27 for open>>>>>>>>>>>>>
Curt M: Caution flags everywhere
Curt M: On mic >>>>>>>>>>>>>>>>
Curt M: $AKTX 14.22 1000 long
Curt M: $AKTX add 14.68 1000
Curt M: Out 14.90 2000 shares
https://twitter.com/curtmelonopoly/status/850048971636473856
Curt M: small win
Shafique: nce I still hold
Curt M: Off mic >>>>>>>>>>>>>>>>>>
Sartaj: Great lessons there
Curt M: If you’re in this stoch RSI is very near top
Flash G: yes i agree
Curt M: Watching for $AKTX at VWAP for wash out play
Sartaj: Welcome, Hedgehog and Mat
Hedgehog Trader: hey morning
Hedgehog Trader: $URRE news
Hedgehog Trader: and perk
Curt Melonopoly: http://finance.yahoo.com/news/uranium-resources-announces-positive-geophysical-223703912.html?.tsrc=rss
Curt M: $NVFY over 3 is interesting if it happens
Hedgehog Trader: $FCEL Curt
Curt M: $NVAX got wacked today
Curt M: $FCEL up 4.83% nice
Curt M: It’s range bound now .08 range… for now
Curt M: $FCEl looks like bottom might be in on daily
Hedgehog Trader: $NAK holding 200 dma
Hedgehog Trader: i get turns on a lot of these stocks around apr 6-7
Sartaj: In case you’re new to technical analysis and algos in general… some great reading om time series: https://algobeans.com/2017/04/04/laymans-tutorial-time-series-analysis/
Leanne: AlgoBeans! Thanks Sartaj
Curt M: $DVN $SXE $REI – chart bot on daily on $DVN signalled
Curt M: Right under 200 MA
gary y: $DVN call sweeps just now
Curt M: interesting
Curt M: nice chart
optionsavvy: gm all
Sartaj: Good morning
optionsavvy: eyeballing another short today IWM will prob be my pick
Curt M: morning savvy
Curt M: watching $USOIL $WTI $DVN $REI $SXE
Curt M: Thinking a long here on $DVN
Curt M: On mic >>>>>>>>>>>>>>>>
mathew: large call buying in DVN this AM. Im still long SWN, that space should keep on heading north
Curt M: 1000 $DVN LONG
Curt M: 42.623 1000 SHARES $DVN
#Swingtrade $DVN Devon Energy going well today. In it to win it. Also reviewed swing and posted to YouTube https://t.co/NAfgcodmzY
— Melonopoly (@curtmelonopoly) April 6, 2017
Curt M: off mic until swing trade reviews over lunch hour EST >>>>>>>>>
Curt M: Likely start before lunch we’ll see
Curt M: Over 4.50 $SXR I may take a long
Curt M: Wow look at that colume on $DVN
Leanne: off to day job, back for swings
Curt M: Over .17 I’ll scale in 50000 $ATTBF
Curt M: cya
MarketMaven: I like that one .
Curt M: My $SSH swing got some juice
Curt M: $ATTBF sitting at .1699 lolol forever
Curt M: Back on mic 11:50 EST for swings cathcya then
Sartaj: Do OTC stocks tend to take awhile to get juice?
Sartaj: Okay, be right back. Coffee break
Curt M: OTC can be very volatile
Sartaj: Right
Curt M: yup
Hedgehog Trader: once again $LTBR smoking- remember i said watch for big move around apr 6
Hedgehog Trader: heading to 200 dma soon
gary y: I’m up 34% in it Nich and gonna hold
Hedgehog Trader: sweet
optionsavvy: IWM starter short set to go at 134.88
Curt M: Over 1743 I am going to scale in 50000 $ATTBF OTC
Hedgehog Trader: i also got an upturn for $FNMA around apr 6-7 and look at the chart turning up
optionsavvy: EVLT new IPO today. being received well. on watch for accum
Curt M: Just getting a list ready. Will review swings 12 – 1 EST
Curt M: Markets look pretty calm – good time to review some charts. Unless oil takes off.
Curt M: On mic in 1 min>>>>>>>>>>>>>>
Curt M: $DVN Swing Trade Review Complete >>>>>>
optionsavvy: still holding IWM short order not seeing it yet
Curt M: Review $CHK in 1 min on mic >>>>>>>>>
Leanne: THanks Curtis, this is really helpful
optionsavvy: I’m going to start putting all these symbols on my charts so I look smart 🙂 \
Curt M: On mic with $CHK swing trade review >>>>>>>>>>>>>>>
Curt M: lol
Curt M: u don’t need it to look smart you just are lol
optionsavvy: ha ha you have me confused with someone else
optionsavvy: ESES chart on my watch if oil stays up then I think this one explodes
Curt M: Completed $CHK Swing Trade Review >>>>>>
optionsavvy: sorry volume off so I didnt hear. heading out for the day GL all
Sartaj: Video on youtube
Sartaj: https://youtu.be/B8hWcd82AX4
Curt M: On mic for $ESES chart review >>>>>>>>>>>>>>>>>>>>
Sartaj: Have a good one
Curt M: Off mic completed $ESES trade / swing review >>>>>>>>>>>>>>>>
Curt M: On mic for $OIH swing trade review >>>>>>>>>>>>>>>
Curt M: Completed swing trade review of $OIH off mic and back in a min >>>>>>>>>
Curt M: On mic for final swing trade review (unless afternoon session is boring) $SXE Swing Trading Review
Curt M: Off mic completed $SXE Southcross Energy Partners>>>>>>>>>>>>>>>
Curt M: Going to take a look arouond the markets and see whats shaking and then decide if we should do anymore Sartaj.
Sartaj: Sounds good
Flash G: Thanks Curt!
Curt M: Oils getting jiggy 🙂
Sartaj: For the extra keen, and wondering why these shapes appear on our algo models: http://ieeexplore.ieee.org/document/934422/?reload=true
Sartaj: PhD optional, maybe order some sushi
Sartaj: Hello, Bernard
Curt M: On mic
Curt M: Long 7.16 5000 $HTGM
Curt M: Stop at 7.16
Curt M: Add over 7.38
Hedgehog Trader: nice curt
Curt M: 🙂
Curt M: Long 5000 add $HTGM 7.46
Curt M: 5000 stopped 7.39
Curt M: 5000 stopped 7.34
Curt M: Recap in 5000 7.16 add 5000 7.46 avg 7.31 then out 7.39 half 7.34 half avg 7.362 or .5 on 10000 or 500.00 profit approx. Darn it.
Recap in 5000 7.16 add 5000 7.46 avg 7.31 then out 7.39 half 7.34 half avg 7.362 or .5 on 10000 or 500.00 profit approx. Darn. #daytrading
— Melonopoly (@curtmelonopoly) April 6, 2017
Curt M: On mic >>>>>>>>>>>>>
Curt M: Looking at $HTGM stock RSI new entry
Curt M: Fill 7.26 long $HTGM tight long
Curt M: Tight stop on fill 7.26 and looking for add over 7.48
Curt M: Tight range ugh Fill 7.26 long $HTGM tight long 5000. Tight stop on fill 7.26 and looking for add over 7.48
Curt M: Stop 7.39
Curt M: Out 7.39
Curt M: Recap in 7.26 5000 out 7.39 .13 650.00 $HTGM
MarketMaven: slicing it up haha
Curt M: HOD $HTGM test stoch RSI is maxed MACD curl
Sartaj: Long 7.77, 5000 shares, $HTGM
Curt M: Stopped at 7.90 5000 shares out
Leanne: too fast for me
Leanne: i need to sign up with interactive brokers before I can try
Sartaj: I’ll have to piece it together post-market
Leanne: Canadian bank, very very slow to execute
Leanne: I just want a broker where I can get in and out faster
Curt M: Ya interactive
Curt M: IB is the one for you
Sartaj: Canadian banks are still on mainframes
Sartaj: Bernard probably knows a lot more about that
Leanne: Thanks guys, have to leave again… see you all tmr. Learning day by day
Sartaj: See you, Leanne
gary y: IB is inexpensive but platform takes time to learn
Curt M: interesting
Curt M: I was going to set up an account with them and try it.
Curt M: Well I chipped a day out of it anyway.
Flash G: That was fun to watch. My swingtrading as you know allows me to put my legs up and have a glass of scotch and watch the birds intra-day 🙂
MarketMaven: I caught some of the scalps.
MarketMaven: Lenny’s quiet.
MarketMaven: Whole market quiet.
gary y: Any active trader should give them a try Curt
gary y: Hard to short smaller caps though
Curt M: Ya everyone tells me too
Curt M: Truth told I don’t short much because I have to think negatively lol – seriously thats why I never did. But slowly doing more.
Curt M: $CLNT sure got lift I was watching it on another monitor but so late in day ugh
MarketMaven: sorry should have alerted it
Curt M: all good i was on it but didn’t think it would do this
Curt M: It’s killing short
Leanne: Made it back for last 3 minutes!
Curt M: lol good nite
MarketMaven: bye bye all
gary y: Thanks Curt
Flash G: ok TY
Curt M: you bet cya
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Article Topics: $AKTX, $HTGM, $DVN, $SXE $OIH $CHK, $USOIL, $WTIC, $GLD – $XOM, $NE, $ONTX, $DUST, $TRCH, $LGCY, $SSH, $ASM – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Compound Trading, Learning, How To, Trade, Trading, Educational, Lessons, Results, Wall Street, Stocks, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $GLD, $GDX, $USOIL, $WTIC, $USD/JPY, $SPY, $DXY, $VIX, $GC_F, $USO, $UCO, $SCO, $CL_F, S&P 500