Friday, July 2, 2010

Jul 02 2010

Not very active but profitable day, with CAT being our most profitable trader while our traditional "victim" LVS was less readable than usually. All trades were pretty much run-of-the-mill stuff, nothing interesting in educational sense.

Session Time: Fri Jul 02 00:00:00 2010

[08:01] {hawk} good morning
[08:13] {Threei}  good morning
[08:13] {nemo} ;)
[08:13] {hawk} RIG news?
[08:15] {Threei}  don't see anything after that threatening one from June 30, about investigation into tax implications of their office relocatinf to Switzerland
[08:16] {Threei}  (EU) ECB's Stark: The EU's institutional fiscal policy framework failed, need independent body to oversee budget policies
[08:16] {Threei}  - EU could cut access to structural funds for budget infringements.
[08:16] {Threei}  - Different rules are needed for more vulnerable member states and better policy coordination
[08:16] {Threei}  - Reiterates view that high indebtedness not only a Euro area problem
[08:16] {Threei}  - Reiterates view that there is "no crisi of the Euro'
[08:17] {Threei}  EU) ECB's Gonzales-Paramo: Not concerned about the failure to sterilize bond purchases
[08:17] {Threei}  - This development is not surprising given liquidity conditions.
[08:17] {Threei}  - Positive that stress tests cover more than 25 European banks to test for sovereign risk
[08:17] {Threei}  - Test results should be given for each bank
[08:17] {Threei}  - Sovereign default is a 'absurd scenario'
[08:17] {Threei}  - Reiterates view that Euro Zone canot allow a member country to default
[08:17] {Threei}  ***Reminder: On Jun 29th the ECB drained 31.9B in 1-week deposits v 55B intended; avg weighted yield at 0.54%
[08:17] {Threei}  I reiterate:
[08:17] {Threei}  Sovereign default is a 'absurd scenario'
[08:18] {Threei}  Reiterates view that Euro Zone canot allow a member country to default
[08:18] {Threei}  can you say fried?
[08:18] {hawk} thx.  been putting off re-subscribing to a news service, but i feel a bit lost without it
[08:19] {Threei}  a lot of data is coming at 8:30
[08:19] {hawk} how much is trade the news / month?
[08:20] {Threei}  I am lost even without it...
[08:20] {Threei}  I mean with it
[08:20] {hawk} lol
[08:20] {Threei}  it's just my normal state I guess, so I am fine with it
[08:20] {nemo} I think Les is rubbing off on you Vad
[08:20] {Les} eschew control nemo
[08:20] {Threei}  there are two versions of it, voice+text and text only, diff cost
[08:21] {Threei}  make sure that you use that icon at the bottom of our webpage, it gives discount
[08:21] {Threei}  no nemo, not really, I was always good at getting lost
[08:21] {hawk} cool, i will
[08:28] {Threei}  EUR/USD FX chatter that 'whisper' headline Non-Farm payroll around -90K v -110Ke
[08:28] {Threei}  BLTXX Baltic Dry Bulk Index declines apprx 3% (26th straight decline)
[08:28] {Threei}  - Longest decline since Aug 2005
[08:30] {nemo} must have been good
[08:30] {Threei}  *(US) JUN AVERAGE HOURLY EARNINGS M/M: -0.1% V 0.1%E; AVERAGE WEEKLY HOURS: 34.1 V 34.2E
[08:30] {Threei}  *(US) JUN UNEMPLOYMENT RATE: 9.5% V 9.8%E
[08:31] {nemo} not really good...but basically baked in
[08:35] {nemo} fas liking the numbers, market not so much
[08:35] {Threei}  FX chatter was wrong
[08:35] {Threei}  (again
[08:35] {Threei}  what idiot comes up with this stuff...
[08:36] {nemo} coughing up a furball
[08:36] {nemo} wtf
[08:38] {Threei}  btw, Les,
[08:38] {Threei}  I had a thought after our yesterday exchange on your entries
[08:38] {Threei}  (and yes, the process of thinking hurt badly)
[08:39] {Threei}  you were hesitant to "chase" entry by voluntary increase of limit by couple cents,
[08:39] {Threei}  but then frustration of missing entry led you to much bigger chasing, enetring good 10 cents or so higher
[08:40] {Threei}  which didn't just scew r/r but almost placed you on the opposite side
[08:40] {Threei}  skew
[09:04] {Les} hi vad, yes I believe the chasing issue will go away with profitable trades made
[09:05] {Threei}  I'd think it's other way around
[09:05] {Threei}  profitable trades will come with chasing going away
[09:05] {strider} no laser charts here.
[09:05] {Les} yeh but frustration has been building as I miss your good stuff and then I create for myself bad setups
[09:07] {Threei}  charts OK
[09:07] {Les} if i remember you correctly, you put your limit price .05 above entry and leave it like that
[09:07] {Les} simply buying and selling with the same limit price
[09:07] {Threei}  depends
[09:08] {Threei}  it's not universal number
[09:08] {dptl} good morning
[09:08] {Threei}  dp :)
[09:08] {Threei}  if I deal with thick stock with no slippage, 1 cents is usualy enough
[09:08] {Threei}  thin volatile one, more room is needed,
[09:09] {Les} lvs yesterday
[09:09] {Threei}  and kind of trade I go for matters
[09:09] {Les} how much room did you give it?
[09:09] {Threei}  no may I'd go for 5 cents offset if I do a scalp type I
[09:09] {Threei}  LVS is normally 2-3 cents,
[09:09] {Les} ok
[09:09] {Threei}  and if I do scalp only, it's 1-2,
[09:10] {dptl} no charts laser?
[09:10] {Threei}  if it gets away, it returns for secondary entry more often than not
[09:10] {Les} charts ok here dp
[09:10] {Threei}  5th server here, fine
[09:10] {Threei}  chart server that is
[09:10] {dptl} hmm...not here
[09:11] {strider} where are you, dp?
[09:11] {Threei}  switch both, quote and chart servers
[09:11] {dptl} vancouver
[09:11] {Les} well there's your problem
[09:11] {strider} hmm.....I'm on east coast....that's not the problem.
[09:11] {Les} frikin canadian
[09:11] {nemo} I can't believe Switzerland let you in
[09:11] {Les} provisional
[09:11] {Les} on good behaviour
[09:12] {strider} He's under house arrest.   They won't let him out.
[09:12] {strider} switching servers didn't work for me, vad.  Or changing symbs.
[09:12] {strider} trying a reboot.
[09:13] {dptl} same here
[09:13] {Threei}  strange
[09:13] {Threei}  maybe some of accounts are affected
[09:14] {dptl} works..on restart
[09:14] {strider} reboot fixed it...or at least coincided with reboot.
[09:15] {dino} gm all
[09:15] {Threei}  dino :)
[09:15] {strider} morning dino.
[09:19] {dino} :D
[09:19] {Les} thinking bounce day dino. you got some stocks lined up?
[09:20] {dino} yes
[09:20] {Les} stupid question i know
[09:20] {dino} fcx, clf, ctrp, itri, qcom, fdx, whr, ups to start
[09:21] {Les} ty
[09:21] {dino} gl
[09:22] {dptl} so, Vad..if let say entry was .20 with stop .10 and you got in still will exit .30 or half (1:1).... not like .33?
[09:22] {ese} good morning ........
[09:22] {Threei}  ese :)
[09:22] {hawk} good question dp, was wondering about that
[09:23] {Threei}  dp, do market patterns change depending on your entry?
[09:23] {Threei}  or, let me put it this way:
[09:23] {Threei}  does market know where you enter?
[09:24] {dptl} no,....but it's like risking 13c and making 7c
[09:24] {Threei}  so don't chase that much
[09:24] {lasertrev} morning
[09:24] {Threei}  trev :)
[09:24] {strider} but does market know where 1:1 from your trigger is?
[09:24] {Threei}  if I go for a bigger trade, I may give it couple cents more
[09:24] {Threei}  no it doesn't,
[09:24] {Threei}  but 1:1 didn't come from my desires,
[09:25] {Threei}  it's a pattern ovserved over years,
[09:25] {Threei}  that in a certain stricture of setup stock is likely to pause or reverse around these levels
[09:25] {Threei}  setup doesn't come from my imagination, it's a pattern existing in the market
[09:25] {dino} add pot to list
[09:26] {ese} we have plenty of that here in BC
[09:26] {Threei}  lol
[09:26] {dino} lol
[09:26] {ese} might be our biggest export to Washington state
[09:27] {hawk} getting ready for the weekend dino?
[09:28] {ese} nahhhh...golfers live there lives clean.....just ask John Daley
[09:29] {nemo} hey ese, you ever been to Berkley?
[09:29] {ese} nope ...not yet
[09:29] {ese} fabulous music school there
[09:29] {nemo} yep...that's why I asked
[09:30] {dino} not really hawk, couple parties to attend thats all
[09:30] {ese} simply known as   ...Berkley the rest of the world
[09:30] {dptl} :)...i see..Vad...thats where i have i am trying to realy get 1:1....if i got inat .23 trying to get out at.33
[09:31] {jfjf64} mornin
[09:31] {dptl} i guess you right should not chase that much
[09:31] {Threei}  how about applying some common sense? :)
[09:31] {nemo} did you forget to whom you are speaking?
[09:31] {Threei}  LVS
[09:31] {Les} rimm crash
[09:31] {Threei}  sharp dive
[09:31] {nemo} spy might bounce right here
[09:32] {Threei}  if it does, LVS .85 break
[09:32] {Threei}  if stays bove .75
[09:32] {jfjf64} lvs
[09:32] {Threei}  .80 now
[09:32] {Threei}  no
[09:32] {Threei}  wait for one more leg
[09:32] {Threei}  .65 - 75 new range
[09:33] {Les} quote server vad?
[09:33] {dptl} edgx stacking
[09:33] {Threei}  16
[09:33] {ese} L dndn.68
[09:33] {Threei}  1:1
[09:33] {nemo} my quotes are reversed
[09:33] {nemo} this is FUBAR!!!
[09:33] {strider} seriously fubar
[09:34] {dptl} same here nemo
[09:34] {Les} my quotes screwed up
[09:34] {nemo} TREVOR!!!   WTF
[09:34] {dptl} lol
[09:34] {Threei}  1:2
[09:34] {strider} in .76 out .93,  I think.
[09:34] {Threei}  anyone got it??
[09:34] {Threei}  whew
[09:34] {jfjf64} y
[09:34] {nemo} my qotes are reversed VAD
[09:34] {Threei}  ??
[09:34] {dptl} imposible here
[09:34] {strider} stand on your head.
[09:34] {nemo} bids on right  offers on left
[09:34] {Threei}  what do you mean reversed
[09:34] {Les} reboot
[09:34] {Threei}  huh?
[09:34] {nemo} YEAH
[09:35] {strider} mine were...not now.
[09:35] {gregns} mine are too
[09:35] {gregns} reversed
[09:35] {nemo} now there back
[09:35] {dptl} no it's just edgx stucking ..nemo
[09:35] {ese} out dndn .55 -.13
[09:36] {Threei}  ok, this guy smokes something I want too:
[09:36] {Threei}  (US) White House press secretary: June US employment figures indicate continued signs of gradual economic recovery
[09:36] {Threei}  I think his quotes are reversed as well
[09:36] {jfjf64} lol
[09:37] {dino} itri hl .14
[09:37] {Les} ok lets trade with level 2 backwards. what's next
[09:37] {Les} setup wise
[09:37] {gen} gm all
[09:37] {Threei}  gen :)
[09:37] {nemo} yeah, edgx is fubar
[09:38] {Threei}  what are you all talking about...
[09:38] {Threei}  this is not reversed quotes
[09:38] {nemo} they were vad
[09:38] {Les} screenshot, wait
[09:38] {Threei}  this one MM or ECN sticking in Level2
[09:38] {nemo} now they're basically o.k. except for EDGX
[09:38] {gregns} yes, i will attest to that also
[09:38] {ese} my intelliscan has stopped
[09:38] {dptl} it's bad it's not only edgx ..i just hide it and it's still bad
[09:38] {Les}
[09:38] {gregns} even though i agree with nemo seldom
[09:39] {nemo} where you live greg?
[09:39] {Threei}  oh boy
[09:39] {Les} lvs is problem, not rig
[09:39] {Threei}  Les, look at your own screenshot
[09:39] {Les} '
[09:39] {Threei}  do you see that all incorrect bids are one ECN?
[09:39] {Les} ?
[09:39] {gregns} not telling
[09:39] {Threei}  EDGX
[09:40] {Les} what's that?
[09:40] {Threei}  who cares
[09:40] {Threei}  means,
[09:40] {Threei}  its quotes stuck
[09:40] {Les} its on nasdaq
[09:40] {dptl} you can hide it to get it out of the way
[09:40] {nemo} no, they were edgx bids
[09:40] {Threei}  US) President Obama: Headed in the right direction but not fast enough
[09:40] {nemo} he's right
[09:40] {strider} how do you hide it?
[09:40] {Threei}  no really??
[09:40] {nemo} Vad is
[09:41] {Les} so how do i change it?
[09:41] {dino} stop itri -.02
[09:41] {dptl} go level 2 properties find tab hide market maker
[09:41] {Les} hidden MM?
[09:42] {dptl} yep
[09:42] {Les} and just hide market maker?
[09:42] {dptl} marked the one you want to hide
[09:42] {Threei}  BP
[09:43] {dino} itri hl l .01
[09:43] {Threei}  nah, leave it alone
[09:44] {Les}
[09:44] {Les} what do I need to do here vad?
[09:45] {Threei}  trev
[09:45] {Les} ok
[09:45] {Threei}  (GE) German Chancellor Merkel: The time to secure the euro's future is now
[09:46] {jfjf64} kgc  3i
[09:46] {dino} think they said that about poland awhile back
[09:47] {Threei}  in 1939?
[09:47] {Threei}  .70 break jf?
[09:47] {jfjf64} thinkin
[09:47] {nemo} using that hidden mm but not working
[09:47] {strider} ne neither, nemo
[09:48] {dptl} works for me
[09:48] {Les} trev says to wait until server returns. was down for a time
[09:48] {Les} just edge quotes are wrong
[09:48] {dptl} remove all from left side first
[09:48] {dptl} then ad gxb only...and check hide mm on the bottom
[09:48] {dino} ups hl l .90
[09:49] {lasertrev} one of the servers is down, they are working on the problem
[09:50] {dptl} and your edgx will not show anything
[09:50] {dino} itri stopped -.26
[09:50] {jfjf64} jnpr
[09:51] {nemo} thanks dp
[09:52] {Les} Ok, I understand ECN problem now. I can work with this
[09:52] {dptl} :) yw
[09:53] {Les} ty dp. done
[09:53] {dino} whr hl l .54
[09:54] {dptl} :)
[09:56] {lasertrev} "We are working to resolve EDGX data crosses ASAP. For now, you can block EDGX via the hidden MM tab in trade settings." It is up to traders if they want to block edgex. To do so go to  "Trade Settings" "Hidden MM"
[09:56] {Les} done thanks trev
[09:56] {dptl} and don't forget unhide it when they fix it
[09:56] {Les} sure. you tell us when its fixed trev
[09:56] {jfjf64} jnpr  no  takers
[09:57] {lasertrev} sure thing
[09:57] {Threei}  Preview: May Factory Orders due out at 10:00ET
[09:57] {Threei}  **Consensus expectation: -0.5%e v +1.2% prior
[09:57] {Threei}  - Estimates range between -2.0% to +1.5%
[09:59] {dino} itri rinsed
[10:00] {Les} vad like KGC as a short
[10:00] {Les} liking KGC
[10:00] {Threei}  nope
[10:00] {Les} no
[10:00] {nemo} inverse H&S forming on fas and TNA
[10:00] {Threei}  US) MAY FACTORY ORDERS: -1.4% V -0.5%E
[10:00] {Threei}  lowest reading since March 2009
[10:00] {Threei}  how's that recovery going
[10:01] {nemo} Hooverville here we come
[10:01] {Les} hooverville?
[10:01] {nemo} Depression history Les
[10:02] {Les} I know hoover
[10:02] {dino} inmates in charge
[10:02] {nemo} then look up the term "Hooverville"
[10:02] {Les} ah ok
[10:03] {Les} obamaville
[10:03] {dino} not a pleasant thought nemo, but possible
[10:03] {nemo} yeah, could be the next iteration
[10:03] {nemo} ask greg...
[10:05] {jfjf64} lvs  double  bott
[10:05] {Les} ah rush limbaugh has already beat me to new coinage of homeless
[10:05] {nemo} spy at pivot support
[10:07] {jfjf64} lvs
[10:07] {jfjf64} grr
[10:07] {dino} fdx sm l .50
[10:08] {dino} random moves
[10:08] {Threei}  .70 break short LVS
[10:08] {Threei}  if syas under .75
[10:09] {dino} sm l clf .24
[10:10] {dptl} in lvs .69
[10:11] {jfjf64} break
[10:11] {nemo} you see those .63 quotes edgx
[10:11] {Threei}  no go
[10:11] {dptl} stopped
[10:13] {dino} 3i gut feel, up or down?
[10:13] {nemo} flat
[10:13] {Threei}  it looks so random, I can't even get a gut feel
[10:13] {dino} bets are up
[10:14] {Les} vxx dropping
[10:14] {Les} since peaking early in the month
[10:14] {dino} but axe murderer market, imp, "untrusting"
[10:15] {ese} Lsymc .94
[10:16] {hawk} POT getting ready
[10:16] {dino} sm l .25 pot
[10:17] {ese} out symc .25 even.....not going anywhere
[10:18] {dino} out clf .72, +.48
[10:19] {jfjf64} wtg
[10:19] {dino} out whr .86, +.32
[10:19] {Threei}  nice
[10:19] {jfjf64} wtg
[10:19] {dino} ty
[10:20] {hawk} nice dino, got .38 on clf, thx
[10:20] {Threei} Long Setup:  LVS  .80 break
[10:20] {dino} out pot .65, +.40
[10:20] {dino} ty hawk
[10:20] {dino} on pot
[10:21] {hawk} yw :)
[10:21] {ese} clf.......thing of beauty dino....nice one
[10:21] {dino} lucky
[10:21] {strider} data still not flowing right here.   Getting "loading data please wait" sign.
[10:21] {ese} double luck there
[10:21] {Les} l qcom small 32
[10:21] {Threei}  British Petroleum plc US Coast Guard's Allen: The relief well drilling is ahead of schedule by approx 7-8 days
[10:22] {Threei}  let's make LVS .75 break
[10:22] {Threei}  aggressive entry
[10:22] {Threei}  if stays abiove .70
[10:22] {dptl} in
[10:23] {strider} in .76
[10:23] {dino} es, ya know they way i see it, it was lucky the market went up instead of down. lately luck playing bigger share
[10:23] {Threei}  going for 1:2 at least
[10:24] {Threei}  1:1
[10:24] {dptl} half out
[10:24] {nemo} 200 ma at .95 also been respecting yesterday close at .90
[10:25] {dino} whr wack a mole
[10:25] {ese} L genz.92 sm
[10:25] {Threei}  market tries to ruin it for us
[10:26] {dptl} stop still under .70?
[10:26] {Threei}  discretionay
[10:26] {dptl} ok
[10:26] {Threei}  depends on how precious this gain for you is
[10:26] {ese} up quick out genz .02 +.10
[10:27] {dptl} stopped other half
[10:28] {jfjf64} lvs
[10:28] {jfjf64} shaked me  out
[10:28] {jfjf64} will work
[10:28] {jfjf64} now
[10:28] {magoo} hey
[10:28] {Threei}  mags :)
[10:28] {dino} gj es
[10:29] {jfjf64} 3i
[10:29] {jfjf64} lvs worth
[10:29] {jfjf64} nother shot
[10:30] {Les} looking short to me unless market bounces
[10:30] {Threei}  I can't tell
[10:30] {Threei}  it's random
[10:31] {Threei}  step back and look at SPY 1 min
[10:31] {Threei}  you see any pattern?
[10:31] {Threei}  I don't
[10:31] {Les} covered lvs +:07
[10:31] {nemo} it's respecting pivot levels and is right at the close, so could bounce here
[10:32] {dino} whr hl l .25
[10:34] {dino} just watching lod here vad, fwiw
[10:34] {dino} and quarters
[10:37] {Les} lvs .50
[10:37] {dptl} gild?
[10:38] {Threei}  don't know
[10:38] {Threei}  Friday after nervous market week with long weekend ahead...
[10:41] {Threei}  see coupl;e latest LVS moves for definition of random
[10:45] {lasertrev} edge seems to working ok now
[10:47] {Les} looks good thanks
[10:50] {hawk} FCX possible cup/handle in the works
[10:50] {dino} pour in some tea
[10:51] {dino} apol, esi death
[10:51] {hawk} lol
[10:54] {strider} FCX
[10:54] {nemo} looks short
[10:54] {strider} yep
[10:55] {dino} whr stopped
[10:55] {strider} short .22
[10:55] {strider} stop .40
[10:56] {ese} Lgenz .35
[10:56] {dino} fdx stopped -.03
[10:57] {ese} 1/2 lot
[10:58] {Les} s ccl .78 small  stop above .90
[10:58] {strider} didn't think my target through clearly.  risk too high for reward potential.
[10:59] {nemo} well, the 13 ma, which splits the BB's according to Vad's setting is .30 so set your stop there
[10:59] {strider} stop to .30
[10:59] {nemo} :0
[11:00] {ese} genz stop to break even
[11:02] {Les} ccl 1:1 looking for more
[11:03] {nemo} spy retesting support
[11:03] {Les} break, baby, break
[11:03] {strider} cover .09
[11:03] {nemo} 200 ma on fcx around .93 strider
[11:04] {strider} too jittery.
[11:04] {nemo} I can empathize
[11:04] {strider} me and FCX
[11:05] {ese} genz stop to .55
[11:05] {strider} CAT boince?
[11:05] {strider} bounc
[11:05] {strider} bounce. :(
[11:06] {dino} hl l whr .60
[11:06] {dino} clf hl l .51
[11:07] {ese} out genz .65 +.30  daaaaaaaaa!!!!!!!! stop was triggered was filled at .65
[11:07] {Les} bad luck that
[11:07] {dino} gj
[11:08] {ese} take a look at it though........some doof was filled at .40 so it triggered my stop
[11:09] {ese} that was weird
[11:10] {strider} dbl bottom CAT vad?
[11:10] {ese} man.......some dumb things happen in the market
[11:11] {Threei}  I doubt it strider
[11:11] {Threei}  market is questionable here, breakdown or bounce,
[11:11] {Threei}  but CAT is weaker than the market
[11:14] {dino} ups hl l .15
[11:15] {ese} in .16 dino
[11:15] {dino} giddy-up
[11:16] {ese} sm for me ...lots of room
[11:17] {strider} you all have a good weekend.   See you on Tuesday.
[11:17] {nemo} c u strider
[11:17] {strider} :)
[11:17] {dino} cya strider have a happy 7/4
[11:17] {Les} ciao st have a good one
[11:17] {strider} yeah:)
[11:17] {Threei}  take care sttrider
[11:17] {strider} .
[11:17] {strider} :)
[11:19] {Les} jeez nice spike EURUSD
[11:19] {Les} fat finger...
[11:20] {nemo} think spy breaks support this time
[11:24] {ese} 4/5 dn thrusts dino.......this should head up
[11:24] {dino} should, but....
[11:24] {Les} brb stop on ccl set above .80
[11:25] {ese} ya.......whats that saying.....the market goes up , except when it doesn't
[11:26] {dino} lol
[11:26] {dino} imo its all random
[11:31] {dino} ups stopped -.25
[11:33] {ese} .75 limit for me
[11:33] {nemo} faz passed fas
[11:33] {ese} i mean stop is at .75
[11:35] {dptl} .
[11:38] {Threei}  CAT looks short
[11:38] {Threei}  59 break
[11:38] {Threei}  if stays under .10
[11:38] {ese} ups stopped .74 -.40
[11:39] {dptl} in cat
[11:39] {Threei}  1:1
[11:39] {Threei}  1:2
[11:39] {dptl} half out
[11:39] {Threei}  nice and easy
[11:41] {Les} nooooooooooooooooo
[11:41] {Les} wind back the tape
[11:42] {Threei}  what?
[11:42] {Threei}  it was easily available
[11:42] {Les} CCL covered +.28
[11:42] {Les} i was out
[11:42] {Threei}  oh
[11:47] {dino} gj les
[11:48] {dino} meli sm l .50
[11:48] {Les} ty
[11:54] {dino} clf clf hl l .00
[11:55] {Les} BP APC RIG down HAL stuck. some buy orders to digest maybe
[11:58] {Les} here come's hal
[11:59] {Les} ECN's stuck again
[12:01] {Les} s hal .49 stop above .60
[12:03] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:03] {nemo} to be expected today
[12:18] {Threei}  CAT
[12:18] {Threei}  watching for long
[12:19] {Threei}  one more leg down
[12:20] {Les} .85ish?
[12:20] {Les} if holding .80
[12:20] {Threei}  doesn't want to lose .90 yet...
[12:20] {Threei}  OK, coming there
[12:21] {Threei}  .90 cross
[12:21] {Threei}  if holding .80
[12:21] {dptl} in .93
[12:22] {Threei}  formally low was .84
[12:22] {Threei}  so can consider 59 being 1:1
[12:23] {Threei}  half out
[12:23] {dptl} out half 00
[12:23] {Les} thanks dumped .99
[12:23] {dptl} where stop now?
[12:23] {dptl} .84?
[12:24] {Threei}  I'd trail to under b/e
[12:24] {Threei}  under .90
[12:24] {dptl} ok
[12:24] {ese} L nvda .00
[12:28] {dino} tsla blood
[12:30] {dino} out clf .22, +.22
[12:30] {dino} out meli .85, +.35
[12:31] {dino} meli, tricked me
[12:31] {dptl} ks ks ks ks ...come on
[12:32] {Threei}  jeez... explosion in police recruitment centre in Quebec
[12:32] {Threei}  bomb threat called in 20 min before explosion
[12:33] {jfjf64} wehere  nemo
[12:33] {Les} disgruntled postal worker
[12:33] {nemo} there castle
[12:33] {Threei}  1:2 CAT
[12:33] {dptl} out some more .09
[12:34] {Les} HAL stopped -.02 meandering
[12:34] {Threei}  isn't it ironic: our faithful buddy LVS is utterly useless today, while wild CAT gives two easy trades
[12:34] {Threei}  the only constant in the market is change
[12:35] {Les} rimm read vad?
[12:35] {jfjf64} and to realize it
[12:35] {Threei}  toughie Les
[12:36] {Threei}  no clean reliable read
[12:36] {Les} damn there goes HAL
[12:36] {dptl} all out cat ty
[12:36] {Threei}  sure, but
[12:37] {Threei}  you didn't trail last piece to under 1:1?
[12:37] {Threei}  after it hit 1;2
[12:38] {dptl} oh.....totaly forgot had last 200 bad
[12:38] {Threei}  lol
[12:38] {nemo} hate that
06[12:38] * Threei slaps dptl around a bit with a large bottle of memory pills
[12:38] {nemo} thanks dp
[12:38] {Les} frikin hal
[12:38] {dptl} ye after 1;2...should be 1;1...:)
[12:39] {dptl} for what nemo?
[12:39] {nemo} making me feel better about myself
[12:39] {jfjf64} in cat .83
[12:39] {dptl} did the same?
[12:39] {nemo} no, but have
[12:40] {jfjf64} lk steelin
[12:41] {jfjf64} 1/1
[12:41] {jfjf64} half out
[12:43] {jfjf64} out
[12:43] {jfjf64} even
[12:43] {Threei}  you do know it's illegal, jf?
[12:43] {jfjf64} ??
[12:44] {Threei}  making such easy money
[12:44] {jfjf64} lol
[12:44] {dino} gj jf
[12:44] {jfjf64} we put our time in
[12:45] {jfjf64} see what happens  when  lvs treats me bad
[12:45] {jfjf64} find another
[12:45] {Les} back in hal short .44
[12:46] {jfjf64} what odds  this  workin  again3i
[12:46] {nemo} cat short here Vad?
[12:46] {nemo} nope, ut look at this level on the five minute chart
[12:46] {Threei}  of what, jg. LVS?
[12:47] {Threei}  or cat bounce?
[12:47] {jfjf64} cat
[12:47] {jfjf64} nemo  lks  down
[12:47] {Threei}  i wouldn't
[12:47] {Les} spy 102...
[12:48] {Threei}  makes lower highs
[12:48] {Threei}  path of least resistance is down now
[12:49] {jfjf64} nemo  5 min  looks  lk  breakdn
[12:49] {nemo} YEP
[12:49] {jfjf64} .74
[12:50] {nemo} that area, but I think it might break from .90 if the market goes south
[12:50] {jfjf64} scared of that
[12:51] {nemo} well, invalidated for now, but if it stays under 59 it's under its 50 ma
[12:51] {jfjf64} lk little  conformation
[12:51] {nemo} yeah, I'm with ya'
[12:52] {jfjf64} i need directon to  party 3i
[12:52] {jfjf64} comin  from  long island
[12:53] {Threei}  come to island and call me
[12:53] {jfjf64} ya  on island
[12:53] {nemo} see jf
[12:53] {Threei}  make sure yo are here before 4 pm... after hat I am busy making shihskebab, no pickup service :)
[12:54] {jfjf64} ya really  havin  party
[12:54] {Threei}  would I ever joke about such matters?
[12:54] {jfjf64} nemo??
[12:54] {Threei}  I can joke about economy, market, countires collapsing and being reborn, life and death
[12:54] {Threei}  but party?? never
[12:55] {nemo} CAT!
[12:55] {jfjf64} .74
[12:55] {nemo} stop teasing CAT
[12:56] {jfjf64} .81 long
[12:56] {dino} clf hl l .75
[13:00] {jfjf64} buy the .85
[13:00] {jfjf64} yikesssssssssssssss
[13:01] {nemo} yahoo cat
[13:01] {bellowsbunch} wow
[13:01] {Threei}  12:48] {Threei} path of least resistance is down now
[13:01] {Les} HAL is covered .26 +.18
[13:02] {Les} love that quarter theory
[13:02] {jfjf64} wtg les
[13:04] {dino} lol, wtg
[13:04] {dptl}  quarter theory?
[13:04] {jfjf64} what is quarter theory
[13:05] {Threei}  give me two quarters, I'll give you ne back - life is good, both of us got a quertar now
[13:05] {Les} voilĂ 
[13:05] {jfjf64} nice
[13:05] {Threei}  both feel generous
[13:05] {jfjf64} viola
[13:06] {Les} cover target was just above quarter dp .26
[13:06] {Les} I've seen dino's trades work with key quarterly points .25, .50 .75 & .00
[13:07] {dptl} i see
[13:07] {dino} hl l meli .51
[13:07] {jfjf64} happy 4th  to  all  my  trading  pals  see ya  tuesday    ENJOY
[13:07] {Threei}  what dino nenefr told you is, that it's mostly math issues... he can't count easily inebteen those numbers
[13:08] {Les} you can see how HAL dropped to .25 and then held
[13:08] {Les} hehe
[13:08] {Threei}  I can count even less, so I work with zeros only
[13:08] {Les} ciao jf
[13:08] {dino} hmmmmmmmmm
[13:08] {strider} .
[13:08] {Threei}  take care jf, have a great long weekend
[13:08] {magoo} have good one jf
[13:08] {strider} You know the days when dino is using quarters, he wore shoes to work.
[13:08] {Threei}  look at both my CAT trades
[13:09] {Threei}  both were zero based
[13:09] {Threei}  even when one had a low of .84
[13:09] {Threei}  I still placed stop under .80
[13:12] {dino} whr hl l .00
[13:12] {Threei}  British Petroleum plc Total CEO: Have not considered making an acquisition offer for BP
[13:12] {Threei}  - REMINDER: on 7/1, Total's CEO said his company would consider acquiring any assets BP puts up for sale.
[13:13] {Threei}  this is exactly why I couldn't ever understand the point of screams "let's destroy BP"... even aside from issues of who will pay for all the cleanups,
[13:13] {Threei}  what is it you destroy?
[13:13] {Threei}  assets will be sold and will work in other companies,
[13:13] {Threei}  equipment etc,
[13:14] {Threei}  people with knowledge and experience will be hired by those same companies,
[13:14] {Threei}  know-how will go with them,
[13:14] {Threei}  so what is it you destroy?
[13:14] {Threei}  shrug
[13:17] {magoo} as they all go home from work and stop at gas stations to fill up
[13:17] {Threei}  exactly
[13:17] {magoo} it wass my b-day wed, was drunk until  this morn lol
[13:19] {Threei}  lol
[13:19] {Threei}  happy birthday!
[13:19] {magoo} :)
[13:20] {bellowsbunch} cat?
[13:20] {dptl} happy b-day Magoo :)
[13:20] {nemo} two day bender, congratulations
[13:21] {nemo} short bellows if market goes
[13:21] {magoo} ty, and immediately before yet another bender to begin
[13:22] {nemo} boy's got stamina
[13:22] {Threei}  bellow, CAT is 59 break long, the oly setup I see here - but it will require strong market recovery
[13:23] {magoo} mkts cclosed monday?
[13:23] {nemo} si
[13:24] {magoo} how about us banks, postal?
[13:24] {nemo} like government workers would ever work on holidays
[13:24] {nemo} Monday everybody's off
[13:24] {dptl} and liquer stores
[13:24] {magoo} well, is monday a holiday?
[13:25] {dino} out meli .76, +.25
[13:25] {dptl} you get in cat Vad?
[13:27] {Threei}  ?
[13:27] {Threei}  didn't watch it, don't even know it set up
[13:27] {Threei}  but in any case, you see any SPY recovery?
[13:27] {dptl} it broke 59...not in just asking
[13:27] {dptl}
[13:28] {Threei}  I'd trade it long only seeing market really doing something on the upside
[13:28] {dptl} i see
[13:28] {Threei}  accidental move by CAT while market sleeps, no way
[13:34] {Les} yeh market wants up now me thinks
[13:35] {nemo} 200 ma is at .30
[13:35] {Les} seen
[13:35] {nemo} volume has probably fallen off the map by now
[13:36] {Les} yeh not exactly buy signal at this point
[13:36] {dino} cf strong today
[13:37] {Les} I see a new christopher nolan film coming out
[13:37] {Les} loved the dark knight, memento
[13:37] {nemo} what movie
[13:38] {Les}
[13:38] {nemo} oh yeah, Leonardo DiCaprio
[13:40] {magoo} ok, thats a rap for me
[13:40] {magoo} have a great weekend all
[13:40] {Les} ciao mags and happy b'day
[13:40] {magoo} c u tues hung over BADDD
[13:41] {Threei}  lol mags
[13:41] {Threei}  have a good weekend
[13:45] {Threei}  RIMM...
[13:46] {Threei}  chart looks nice, but a bit too narrow
[13:46] {Threei}  strange to say this about RIMM, but....
[13:46] {Threei}  let's try to maximize chance of a worthy trade,
[13:47] {Threei}  ignore .10 break, but if it pullas back to 48, let's hunt for entry
[13:48] {Les} 50ma been holding it back. may not drop below 48
[13:48] {Threei}  don't need below
[13:48] {Threei}  just want it as close to 48 as possible
[13:48] {Les} ok
[13:50] {dino} cagc
[13:54] {dino} out whr .32, +.32
[14:00] {Threei}  chalking RIMM in "got away" category
[14:04] {Threei}  twice
[14:08] {dino} meli hl l .10
[14:09] {Les} with you 52 small
[14:09] {dino} need mkt help
[14:12] {Les} out flat. dropping through MA support again
[14:12] {Les} the indexes
[14:26] {dino} tsla 19s
[14:27] {Threei}  quite a roundtrip eh
[14:27] {Threei}  17 to 30 and all the way back
[14:27] {dino} worth about .50 imo\
[14:32] {Threei}  crap
[14:32] {Threei}  in 10 mil years Africa is going to crack open so ocean fills the middle
[14:32] {Threei}  and I thought of going to safari...
[14:32] {Les} why would it crack open?
[14:33] {Threei}  dunno, scientists said it will
[14:33] {Les} l TZA .67 for aggressive .70 break stop under .63
[14:33] {Threei}  you know... those same guys whose economy models never included housing prices going downb
[14:34] {dino} yeah
[14:39] {dino} pelosi;"unemployment checks are a great way too create jobs" what an idiot
[14:39] {Threei}  rofl
[14:41] {dino} it seems to me lack of money is the incentive to work
[14:44] {Threei}  things change unrecognizazbly wheh you look at the world through ideology glasses
[14:44] {Threei}  and their ideology says, people are moral or immoral depending on their material possessions and financial standing
[14:44] {Threei}  rich guy is suspicious at best and usually outright bad
[14:45] {Threei}  poor guy is moral and noble
[14:45] {Threei}  period
[14:46] {dptl} lvs ?
[14:47] {Threei}  useless piece of crap today
[14:47] {Les} heffa
[14:48] {Les} lvs is a heffa wondering the fields chewing the grass
[14:48] {Les} what a day
[14:49] {Les} negative bias towards close vad  u think?
[14:50] {Les} tza 1:1
[14:52] {Threei}  probably, yes
[14:53] {ese} Out nvda .18
[14:53] {ese} +.18.........well .17 and change
[14:55] {dino} gj
[14:55] {dino} whr hl l .25
[14:55] {Les} tza sold flat
[14:59] {ese} the band "Asleep At The Wheel"
[15:00] {nemo} Love them
[15:00] {nemo} they've been around forever it seems
[15:01] {hawk} good weekend all
[15:01] {Threei}  have agood one hawk
[15:02] {Les} ciao chickenhawk
[15:02] {Les} anyone read it?
[15:06] {dino} cya hawk
[15:07] {Les}
[15:08] {Les} just so Hawk doesn't kick my butt Monday :)
[15:10] {Les} shit had a hal stoplimit program trigger on me
[15:10] {ese} One of my altime favorite tunes nemo  "There Ain't Nobody Her But Us Chickens"
[15:11] {Les} out hal +:07
[15:20] {dino} gj
[15:28] {ese} ya sure nvda.........another .10 daaaaaaaa sucre blue
[15:30] {Threei}  29% Say Stimulus Plan Helped the Economy, 43% Say It Hurt
[15:30] {ese} or is that sacker blaaa
[15:31] {ese} ahhhhhhh.......sucre bleu........there!!!!
[15:31] {Les} sacré blue. not sure about the accent
[15:32] {ese} Ya gotta be thinkin........if I have too much time on my hands this summer it be bad news
[15:32] {ese} it could be
[15:33] {Threei}  (US) California appellate court sides with governor on plan to pay state workers minimum wage - CNBC
[15:33] {Threei}  - California to pay 200K state workers minimum wage during budget crisis
[15:33] {Threei}  why not
[15:34] {Threei}  (CH) Reportedly a group of US legislators are calling for investigation to determine whether a Chinese investment into a US steel firm represents a national security risk (related SLX FXI USD/CNY )
[15:34] {Les} there'll be alot more public workers on min. wage in a couple of years
[15:34] {ese} silicon valley not paying enough taxes.....ummmmmm
[15:36] {dino} out whr .out whr .50, +.25
[15:36] {Threei}  aside of elected officials and their aides, army and police, is there need in any public workers at all?
[15:37] {ese} hmmmmm  ya got me there
[15:38] {dino} out clf .10, +.35
[15:38] {Threei}  considering that anything done by governemtn has inredible amount of waste almost by definition, what can't be done by private eneterprises?
[15:39] {dino} out meli .42, +.32
[15:39] {Les} oof i prefer teachers stay in the public domain
[15:39] {dino} odd, last two days took beating in a.m., and made all back + in p.m.
[15:40] {Threei}  as long as there criteria of accreditation, what's the difference
[15:40] {ese} I think this is your basic turnaround day.........yes/neo
[15:40] {dino} agreed
[15:40] {dino} ugh whr
[15:41] {ese} ugh nvda
[15:41] {ese} had 4k of that
[15:41] {Les} grabbed a little wfc under 25. out +.09 so I am finally green for a close
[15:41] {Les} c u's monday
[15:42] {ese} later les
[15:42] {Threei}  no you won't
[15:42] {Les} just checking
[15:42] {ese} tuesday fella
[15:42] {Threei}  Tuesdaty, maybwe
[15:42] {dino} cya les
[15:42] {Les} someone's switched on
[15:42] {Threei}  and even that depends on how mkuch ese and I drink
[15:42] {Les} have a good one fellas
[15:42] {Threei}  take care les
[15:42] {ese} indeed
[15:42] {ese} and dp
[15:43] {ese} the mans legendary......
[15:44] {ese} never forget the bottle of vodka he brought you that was in the shape of an AK47......and it was real life size
[15:44] {Threei}  I still have that AK47 :)
[15:44] {dino} cool
[15:44] {Threei}  can actually refill and reuse
[15:44] {ese} rotflol ha ha ha ha ha..........
[15:44] {Threei}  it will be eco-friendly too
[15:44] {dptl} :)
[15:45] {ese} lol too funny
[15:45] {Threei}  shorglasses in a form of shells, and little handgrenade full of vodka with pepper
[15:45] {ese} ya see alot of things in this here life....but that one came close to takin the cake
[15:45] {Threei}  bof of military green color
[15:46] {Threei}  that was a fine gift :)
[15:46] {ese} rotflol
[15:46] {Threei}  bof - box
[15:47] {ese} oh my goodness.....that just made my day
[15:47] {Threei}  - The Congressmen have formally requested that Treasury Secretary Geithner look into the investment agreement signed in mid-May between US Steel and China's Anshan Iron & Steel Group.
[15:47] {Threei}  Chinese investment into a US Steel represents a national security risk...
[15:47] {Threei}  I think I can see future military tension
[15:48] {Threei}  and, ask yourself: what was it that pulled USA out of Great Depression?
[15:48] {Threei}  was it FDR's "new deal"?
[15:48] {Threei}  stimulus?
[15:48] {Threei}  financial reform?
[15:50] {ese} reminds me of an old Dean Martin will be the moto of the party......."were not drunk if we can lay on the floor without holding on"
[15:53] {nemo} that's it nice weekend c u  Tuesday...Take Care
[15:53] {Threei}  thank you all,
[15:53] {ese} cya nemo...are ya making it to the bash
[15:53] {Threei}  have a great long weekend and 4th of july
[15:53] {lasertrev} take care all, have a good long weekend
[15:55] {dino} cya nemo
[15:55] {dino} cya laser
[15:56] {ese} alright.......guess i'm outta here
[15:56] {Threei}  see you tomorrow ese
[15:56] {dptl} have a good weekend all
[15:56] {Threei}  and dp
[15:56] {Threei}  and patience
[15:56] {dptl} yep
[15:56] {Threei}  the rest tioll Tuesday
[15:56] {ese} cya vad how do you like the party moto
[15:56] {dino} cya es and all
[15:56] {dino} i'm out too
[15:56] {Threei}  love it
[15:56] {ese} later dino
[15:56] {Threei}  "see you under the table after 13th shot"
[15:57] {ese} done