Tuesday, February 22, 2011

Feb 22 2011

The day started shaky, then this trade below fixed it all - with couple more wins later on.

The setup in this trade is a pretty standard DBI. Annotations on the chart explain it pretty much. What is a bit unusual about this one - rarely do we take a trade aimed at the bigger move during lunch time. In this case though setup was so tempting that we called it a "milk trade" - one that we intend to milk for all it has. With 10 cents risk, 1:5 was what we got.

Session Time: Tue Feb 22 00:00:00 2011
[08:36] {ese} morning
[08:43] {Threei}  good morning
[08:45] {ese} morning vad
[08:45] {Threei}  ese :)
[08:45] {Threei}  (GE) Germany Econ Min Bruederle: Sees no risk to German economic growth forecast from oil prices- Does not see any second-round inflation effects on wages from higher oil prices. - Germany has sufficient oil and gas reserves.
[08:45] {Threei}  how long does he think those reserves could last?
[08:46] {ese} indeed
[08:46] {nemo} they get their gas from russia
[08:46] {Threei}  libya is oil
[08:47] {nemo} yes
[08:47] {Threei}  a lot of europian oil is coming from there
[08:47] {Threei}  Italy, 2/3
[08:52] {nemo} frickin' italian greaseballs...my ancestors
[08:53] {ese} i love the italians
[08:53] {ese} love the country
[08:53] {ese} especially the uffizzi museum
[08:54] {ese} does that mean i love you nemo...........hmmmmmmm
[08:57] {nemo} scary...Uffizzi..yeah Florence my favorite city
[08:58] {ese} definitely
[08:58] {nemo} Had a great experience there
[08:58] {nemo} I was staying across the river with a view of the baptistry and cathedral
[08:58] {nemo} We were drinking (surprise)
[08:59] {ese} although i rather liked hanging around lake como for a couple days........tryied to hook up with George Clooney but he wasn't answering my calls
[08:59] {ese} nice
[08:59] {nemo} So, we're looking across the river at sunset and all of a sudden you hear this music
[08:59] {nemo} and see these lanterns floating down the river
[08:59] {nemo} and then these laser light displays
[08:59] {nemo} there was some kind of River Fest, and we just happened to be there
[09:00] {ese} cool
[09:00] {nemo} So, with the aid of a few more bottles of wine, we sat through it for the next coupla' hours
[09:00] {Threei}  (LB) Citizens of the Libyan city of Tobruk say they have seized control of the city
[09:00] {ese} awesome
[09:00] {nemo} You ever go to that big, open air market their?
[09:01] {ese} the one by the Stazione or the other side of town
[09:01] {Threei}  (US) DEC S&P/CASESHILLER 20 CITY M/M: -0.41% V -0.5%E; Y/Y: -2.4% V -2.4%E; HOME PRICE INDEX: 142.4 V 143.85 PRIOR
[09:01] {nemo} might be a good day to short consumer discretionaries
[09:02] {strider} morning
[09:02] {ese} we walked through the one by the station......there is one on the other side of town that we didn't get to
[09:02] {nemo} depends where you are strider
[09:02] {Threei}  strider :)
[09:02] {strider} :)
[09:02] {ese} st
[09:02] {strider} watching UCO
[09:02] {RonS} gm...seems silly to me but gmcr up on deal to sell dunkin donuts coffee in k-cup
[09:02] {nemo} btw...saw "The girl with the dragon tatoo"  really good movie
[09:03] {Threei}  actually I was expected the story to be limited to {nemo} We were drinking , surprised it continued after that
[09:03] {RonS} piercing
[09:03] {Threei}  was expecting
[09:07] {dino} gm all
[09:07] {Threei}  dino :)
[09:08] {ese} uso weekly chart....thing of beauty.....a break over 40 and it's gone for a while
[09:09] {ese} dino
[09:10] {dino} :D
[09:13] {larisa} gm :)
[09:14] {Threei}  larisa :)
[09:14] {larisa} vad :)
[09:17] {dino} gut feel, lots of individual stock gaps in play today
[09:19] {davd} ese, mar11 contract on light sweet crude rolls over today, ie will be a contango effect on uso.  do you know if front months are higher in price or lower in price?
[09:19] {nemo} slw
[09:20] {RonS} i think lower dave
[09:21] {RonS} around $4
[09:21] {davd} if prices decline going out e.g. june lower than mar then uso reprices higher.
[09:22] {ese} was just trying to find that dave
[09:23] {ese} i think ron's right
[09:24] {RonS} those cushing supplies have suppresed near price and created the diff w/ brent
[09:26] {RonS} does anybody but me see it concerning that foreign interest are buying us natty props?  bhp buying chk
[09:26] {_rambler} goodmorning
[09:26] {davd} right but libya is light sweet crude and so is uso
[09:26] {Threei}  rambler :)
[09:27] {magoo} morning
[09:27] {Threei}  magoo :)
[09:27] {dino} liking it ron, they are investing in usa
[09:28] {jfjf64} mornin
[09:28] {RonS} ya well, the last purchase was the chinese...
[09:29] {dino} not concerned. it will cause investment and jobs
[09:30] {RonS} so would an earthquake...
[09:30] {Threei}  jf :)
[09:30] {ese} ron NYMEX light crude oil (pit)http://futures.tradingcharts.com/marketquotes/index.php3?market=CL
[09:30] {dino} lol
[09:32] {davd} based on that chart i believe uso will price lower because of contango
[09:32] {dino} fcx gap fill
[09:33] {Threei}  lost quotes
[09:33] {Threei}  my connection is unstable over last couple days, some local problem
[09:33] {nemo} squirrels?
[09:33] {Threei}  or seals
[09:34] {nemo} vxx should be off life-support today
[09:35] {Threei}  back
[09:36] {dino} monkeys
[09:36] {Threei}  watching for short entry on X
[09:37] {Threei}  desirably into bounce arounf .40
[09:38] {Threei}  and SLW long, one more leg down and will be interesting around .10- .20
[09:40] {Threei} Long Setup:  SLW  .10 break
[09:41] {Threei}  if holding 41
[09:41] {Threei}  1:1
[09:41] {Threei} Short Setup: X  .50 break if stays under .60
[09:42] {Threei}  .60 break if stays under .70
[09:42] {dino} fcx sm l .;00
[09:42] {nemo} spreads this morning
[09:42] {Threei}  X no go
[09:43] {Threei}  X is always like this at the open
[09:43] {Threei}  half lot play with jumpy spreads
[09:43] {magoo} agree on x comment vad,
[09:43] {dino} out fcx .40, +.40
[09:44] {Threei}  Russia deputy Prime Ministers criticizes Google executives for contributing to the Egyptian revolution (update)- Claims that Google executive manipulated the energy of the Egyptian people
[09:44] {dino} roflol
[09:44] {Threei}  Reminder: TV coverage during the revolutions showed members of the protests in Egypt and Tunisia carrying signs thanking facebook and the Google executive for assisting in their revolutions (60 minutes confirmed such images as recently as Sunday, 2/22)
[09:44] {Threei}  Note: Smaller protests occurred in Russia by opposition parties following the news about Egypt, which were shut down quickly, with opposition forces' offices being raided, and anti riot troops circling the square in which the protests were occuring
[09:44] {dino} russia may be next
[09:45] {ese} go figure
[09:46] {patience} watching G (goldcorp) for entry
[09:46] {Threei} Short Setup: FCX  .45 break
[09:46] {Threei}  if stays under .55
[09:46] {dino} mkt going up
[09:47] {dino} 1328 s/p gap filled, next 1308
[09:47] {Threei}  was unobtainable, then didn't set up secind time
[09:47] {Threei}  shrug
[09:47] {dino} shrek
[09:48] {Threei}  (US) Preview: Jan Consumer Confidence due out at 10:00ET (15:00 GMT)**Consensus expectation: 65.0e v 65.6 prior (revised from 60.6)
[09:48] {nemo} .50 the level fcx
[09:49] {Threei}  could be
[09:49] {Threei}  .65 stop
[09:49] {Threei}  so not a full lot play
[09:49] {nemo} I never play with a full lot ;)
[09:50] {Threei}  market spike
[09:52] {dino} itri sm l .50
[09:52] {Threei}  (IA) Press reports confirm that Iran warships are in the Meditteranean Sea after passing through the Suez Canal
[09:53] {nemo} here comes the apokeklips
[09:53] {_rambler} quite the news day...
[09:53] {Threei}  no kidding
[09:54] {nemo} geez...even iwm has a .20 range on the minute chart
[09:54] {dino} giddy-up biyz
[09:54] {dino} boyz
[09:55] {dino} siro sm l .15
[09:55] {nemo} market closes green
[09:55] {nemo} BTFD!!!
[09:55] {dino} indeed
[09:56] {Threei} Short Setup: RIMM  .90 break half lot
[09:56] {Threei}  if stays under 69 of course
[09:57] {Threei}  1:1
[09:57] {Threei}  1:1
[09:58] {Threei}  1:2
[09:58] {Threei}  covered in full
[09:59] {dino} siro stopped -.23
[10:00] {ese} well done chief......a precision strike
[10:00] {Threei}  (US) FEB CONSUMER CONFIDENCE: 70.4 V 65.0E
[10:00] {Threei}  wow
[10:00] {nemo} spy to .84
[10:00] {Threei}  consumer is really confident eh
[10:00] {nemo} although at 50% retracement of this drop
[10:02] {Threei} Long Setup:  SLW  41 break
[10:02] {Threei}  if holding .90
[10:02] {Threei}  invalidated
[10:07] {Threei} Long Setup:  ADM  38 break
[10:08] {Threei}  half lot, if stays above .85
[10:09] {dino} afop sm l .55
[10:12] {patience} small position in G, will add if momo builds
[10:13] {strider} short nov .52
[10:14] {Threei}  no worky ADM
[10:14] {_rambler} Bot APRI 4.83
[10:14] {ese} long or short patience
[10:15] {patience} long
[10:15] {patience} up a whopping 30 bucks
[10:15] {patience} having to work for money this week
[10:16] {patience} last week, accidentally bought long in slw, still made money
[10:16] {dino} i call that "lucky"
[10:16] {patience} seriously, didn't realize my finger was over keypad, heat activated buy button
[10:16] {dino} ;)
[10:17] {patience} bought vad a bottle of glenfiddich
[10:17] {ese} G shows up as Genpact for me....we can't be looking at the same stock
[10:17] {patience} GG on u.s. exchange
[10:17] {nemo} wow, what a market
[10:17] {dino} siro sm l .25
[10:17] {ese} ahhhhhhh
[10:19] {patience} gold and silver options expiry this friday
[10:19] {Threei} Long Setup:  CAT  .90 break half lot
[10:19] {strider} nov stop to .61
[10:19] {Threei}  if stays above .80
[10:21] {Threei}  invalidated
[10:23] {strider} out 1/2 .37, +.15
[10:23] {Threei}  SLW tripped of something
[10:24] {strider} bidd 1/4 .26
[10:24] {Threei}  not much patterns around today
[10:24] {Threei}  nervous weekend full of news takes its toll
[10:25] {Threei} Short Setup: CAT  .60 break
[10:25] {strider} out 1/4, .28
[10:25] {Threei}  aggressive entry for .50, inverted C&H
[10:25] {Threei}  if stays under .70
[10:25] {strider} bal bid .05
[10:25] {Threei}  invalidated
[10:27] {strider} out +.47 last 1/4
[10:27] {Threei}  CAT reestablished
[10:27] {Threei}  same setup
[10:28] {Threei}  still valid
[10:29] {Threei}  let's modify it
[10:29] {Threei}  .65 if stays under .75
[10:30] {Threei}  1:1
[10:30] {patience} full position in G now, will let it trade
[10:31] {Threei}  lose that .50 CAT
[10:34] {Threei}  no bottom after that, just air
[10:39] {Threei}  scalpers win
[10:42] {Threei}  (US) Robert Shiller: Home prices could likely decline an additional 15-25%
[10:42] {Threei}  SLW
[10:42] {Threei}  time to start bottom hunt
[10:43] {Threei}  pullback under .90, then long trigger is .90 recross
[10:43] {nemo} say that doji might have been it
[10:43] {Threei}  (EU) ECB's Provopoulous: ECB currently preparing to end measures of extraordinary liquidity
[10:45] {Threei}  ugh... bottomed at .91
[10:45] {strider} slw long .05
[10:45] {strider} out in full .18
[10:48] {dino} .
[10:50] {RonS} snagged afop .64 to .88  thanks for the idea dino
[10:50] {dino} afop to /87
[10:50] {dino} gj ron
[10:51] {dino} feels like 13.20 but...
[10:51] {dino} out afop .87, +.32
[10:52] {dino} itri to .86
[10:52] {Threei} Short Setup: X  .65 if stays under .75
[10:52] {Threei}  half lot
[10:52] {Threei}  gadhafi live
[10:52] {Threei}  on TV
[10:53] {dino} for now, they may get his head
[10:53] {dino} out itri .82, +.32
[10:53] {strider} in x .64
[10:54] {davd} is it raining in libya?
[10:54] {strider} stop .80
[10:54] {nemo} 1/2 lot must be double stop
[10:54] {nemo} above .91
[10:54] {dino} nah, he just likes the michael jackson look
[10:56] {Threei}  I think he had some very striong weed just now
[10:56] {nemo} he's sounded like that as long as I can remember
[10:56] {jfjf64} agree
[10:56] {Threei}  he makes as much sense as cow in the middle of figure-skating rink
[10:57] {jfjf64} ganja
[10:57] {Threei}  no go X
[10:57] {strider} stop X
[10:57] {patience} full lot long slw
[10:57] {Threei}  (IS) Israel claims it will respond to any Iranian ship provocations- Reminder: Last week Israel officials claimed the transit of the Suez from Iranian ships was a provocation
[10:58] {Threei}  (LB) Libya's Gaddafi: Claims outside nations are betraying the country; have no formal position to quit; claims leadership of the revolution and not of the state
[10:58] {Threei}  strong stuff eh
[10:59] {dino} looking for spider hole
[10:59] {strider} sh rimm .10
[11:00] {dino} if only "w" was still in office for this
[11:02] {Threei}  is he really referring to himself in third person all the time?
[11:02] {Threei}  "George is getting angry!"
[11:02] {nemo} it's the cia of course
[11:04] {Threei} Short Setup: RIMM  .10 break
[11:04] {Threei}  if stays under .20
[11:06] {Threei}  (UK) UK Energy Min affirms earlier comments from OPEC officials that there are no concerns about oil supplies given Libyan turmoil
[11:07] {Threei}  no worky
[11:07] {Threei}  what the deuce
[11:07] {strider} out -.12
[11:07] {nemo} slw dt here?
[11:08] {Threei}  can't tell
[11:09] {Threei}  look at X
[11:09] {Threei}  rinsed
[11:09] {Threei}  grrr
[11:09] {dino} mkts dropping
[11:09] {dino} .07 all red
[11:11] {Threei}  RIMM too
[11:11] {Threei}  OK, this I hate
[11:12] {Threei}  to be wrong on direction, no problem, I have no problems taking a stop and forgetting it
[11:12] {strider} sh slw .52
[11:12] {Threei}  but to be right and get shaken on each trade, wow
[11:13] {dino} been that way
[11:14] {nemo} bohica
[11:14] {jfjf64} need to  adjust
[11:14] {dino} smaller/wider
[11:15] {_rambler} APRI  wants to go...
[11:15] {RonS} nemo's style..........of women
[11:16] {nemo} I don't have a style
[11:16] {RonS} :)
[11:16] {nemo} or a type
[11:16] {nemo} performance...almost all that counts
[11:16] {dino} lol
[11:16] {Threei}  my way of adjustment to this was switching to aggressive entries
[11:16] {Threei}  but today even those were rinsed
[11:16] {dino} since end of jan., lots of rinses here
[11:17] {jfjf64} adjust  vodka    2 shots
[11:17] {nemo} tna lod
[11:17] {nemo} or iwm as the case may be
[11:21] {strider} out 1/2 slw .40
[11:21] {strider} +.12
[11:22] {dino} dakt sm l .74
[11:25] {Threei} Short Setup: X  60 break
[11:25] {strider} out 1/4 .39
[11:26] {strider} out bal slw +.02 stop
[11:29] {Threei}  where super-agressive entry on X would be
[11:29] {Threei}  one that accounts for rinsing agressive entries
[11:29] {nemo} .25
[11:29] {RonS} siro sm l .80
[11:29] {nemo} spy and IWM broken downtrend
[11:30] {dino}  gj siro, ron
[11:32] {Threei}  so, .20 was it
[11:33] {_rambler} out APRI  +.35
[11:33] {dino} gj
[11:34] {nemo} spy and iwm dbs
[11:34] {_rambler} ty
[11:38] {nemo} X
[11:41] {Threei} Short Setup: X  60 break
[11:41] {Threei}  stop above .10
[11:43] {dino} itri sm l .30
[11:43] {Threei}  target is about 40-50 cents if works
[11:43] {nemo} morning low .80
[11:44] {Threei}  this is my "milk trade"
[11:44] {Threei}  intended to fix the day
[11:44] {Threei}  with 10 cents risk, why not
[11:45] {Threei}  in magoo-speak, all or nothing
[11:45] {Threei}  1:1
[11:45] {dino} abc
[11:49] {dino} artw sm l .30
[11:49] {Threei}  almost 1:2
[11:49] {Threei}  1:2
[11:49] {Threei}  half out
[11:49] {nemo} you didn't partial at 1:1
[11:50] {Threei}  no... all or nothing called for, well... all or nothing'
[11:51] {Threei}  don't want to push this approach though
[11:51] {nemo} spy testing morning lows
[11:51] {Threei}  plan from here is,
[11:51] {Threei}  stop to b/e,
[11:51] {Threei}  bidding 1/4 more .65
[11:51] {Threei}  if successful, then see what to do with last piece
[11:51] {Threei}  1:3
[11:52] {nemo} euro stocks didn't close much lower
[11:53] {RonS} from Friday?
[11:53] {nemo} yeah
[11:53] {Threei}  .65 hit
[11:53] {Threei}  1/4 more out
[11:53] {Threei}  trying for something closer to .50 with last peice
[11:53] {Threei}  maybe under if dives sharply
[11:54] {Threei}  not bidding, keeping finger on a trigger
[11:54] {Threei}  stop is above .85
[11:55] {Threei}  out
[11:55] {Threei}  .51
[11:55] {Threei}  +.48
[11:55] {Threei}  whew... fixed
[11:55] {Threei}  [11:44] {Threei} this is my "milk trade"
[11:55] {Threei}  [11:44] {Threei} intended to fix the day
[11:56] {_rambler} day fixed
[11:57] {Threei}  yours too?
[11:57] {_rambler} funny how that works...
[11:58] {Threei}  perserverance and judgment unclouded by emotions
[11:58] {Threei}  only spelled better
[11:59] {_rambler} close enough
[11:59] {Threei}  hey, with me it's as close as it gets {G}
[12:02] {magoo} how many shares u take, full lot?
[12:02] {magoo} nice trade btw
[12:03] {Threei}  don't look now mags but... double lot
[12:04] {RonS} out siro .065  +.265 do not like the look of the futes
[12:08] {ese} am really getting tired of being cut off here......patience you having this problem.....your only a couple of blocks away
[12:08] {patience} no problems here ese
[12:09] {ese} this is at least a 1/2 dozen times in the last 3 weeks
[12:09] {ese} gonna have to threaten telus
[12:09] {patience} i'm shaw
[12:09] {magoo} magoo faints
[12:10] {Threei}  shaw is your answer ese
[12:11] {ese} might have to be
[12:12] {strider} sh slw .30
[12:16] {strider} stop .40
[12:22] {Threei}  (US) PIMCO's El-Erian: The weaker USD is a warning shot for the US, cannot assume the dollar will always maintain its flight-to-safety status - TV interview
[12:23] {RonS} dakt .20 to .48  thxs dino...sorry stepped out, late post
[12:24] {strider} l .44 jazz
[12:24] {strider} stop below .35
[12:25] {dino}  gj ron
[12:25] {dino} wants 13.10 area
[12:31] {strider} out 1/2 +.13
[12:32] {_rambler} bot PQ 8.50...tight stop
[12:35] {RonS} artw l .30....think this could get .90 dino?
[12:36] {dino} yes
[12:36] {dino} .75 area is key
[12:36] {strider} jass stop to b/e
[12:37] {strider} jazz
[12:37] {strider} LVS break of .10?
[12:38] {strider} would rather get it above .15
[12:38] {_rambler} PQ no go
[12:40] {Threei}  I think so strider
[12:40] {strider} offering .15
[12:40] {Threei}  46 is last pillar to give in,
[12:41] {Threei}  so .10 is aggressive
[12:41] {Threei}  and your .15 is double-s0, to avoid that rinse
[12:41] {Threei}  so... looks right
[12:42] {strider} not in
[12:43] {strider} stop jazz +.02
[12:44] {RonS} heard of stocks trading glacially but artw trades tectonically
[12:44] {nemo} fcx short break of .00?
[12:44] {Threei}  no
[12:45] {Threei}  idea is right but I would short bounce, not a break after such sharp drop
[12:54] {strider} slw
[13:00] {strider} what's with slw?
[13:00] {strider} still going south
[13:00] {Threei}  no news
[13:01] {patience} silver futures down 1.15
[13:01] {Threei}  well, there is this
[13:01] {Threei}  (SP) S&P cuts rating on Confederation of Spanish Cajas to A from AA-; outlook Negative
[13:01] {Threei}  but I am nt sure it's what causes this silver dump
[13:05] {ese} L ldk .97
[13:09] {strider} paas bouncing
[13:14] {Threei}  anyone went for LVS?
[13:14] {strider} not me
[13:15] {Threei}  ugh
[13:15] {Threei}  worked nicely
[13:15] {nemo} didn't know there was a call
[13:15] {Threei}  there was an asnwer to a question
[13:15] {nemo} rim looking short if you get a little pullback here
[13:16] {strider} l slw .51 stop lod
[13:16] {nemo} now there's a stop
[13:17] {strider} I don't invent the charts...
[13:17] {strider} just try to trade them:)
[13:17] {strider} besides, that's worst case scenario
[13:18] {nemo} and I like it short .44
[13:18] {strider} ok.  if it goes to .44 I'll sell you some.
[13:18] {nemo} ty
[13:19] {strider} out 1/2 +.10
[13:21] {strider} stop to .55
[13:22] {strider} out +.02
[13:22] {Threei}  RIMM
[13:22] {Threei}  .50 break short
[13:23] {Threei}  if stays under .60
[13:30] {Threei}  message from parallel universe:
[13:30] {Threei}  (GR) Greece PM Papandreou: Can repay all the Euro loans; Greece will not be a burden to taxpayers in Germany; confident Greece can avoid a debt restructuring- Greece is already implementing ideas suggested in the competitiveness pact.
[13:31] {Threei}  no go RIMM
[13:31] {Threei}  will tunr a rinse of course but whatever
[13:31] {nemo} probably right at this gap
[13:31] {Threei}  I am not digging another hole to look for another milk trade then tio fill it
[13:33] {nemo} bids .56
[13:33] {strider} off for a root canal.....god I love those things.
[13:33] {nemo} so fits your personality
[13:33] {_rambler} ouch...
[13:33] {strider} hye, and they only cost $1000 now.
[13:33] {RonS} so you dig it eh strider
[13:34] {strider} mostly I like paying for them.
[13:34] {Threei}  picky picky...
[13:34] {Threei}  just admit you like both, procedure and cost
[13:35] {Threei}  RIMM - as foretold
[13:35] {nemo} and dropped right at the gap
[13:39] {ScottM} afternoon :)
[13:39] {Threei}  Scott :)
[13:41] {Threei}  it feels like market is about to reverse
[13:41] {Threei}  one more dive most likley
[13:41] {Threei}  then up
[13:43] {dino}  feeling the same, close around -50 dji, 1330 s/p
[13:43] {Threei}  yeah, unlikely to go green but will erase some of losses
[13:43] {RonS} futes order flow is ticking poitive and trending up right now
[13:45] {Threei}  SLW,
[13:45] {Threei}  will be inetrested in long around .50
[14:05] {dino} .
[14:06] {Threei}  NFLX
[14:07] {Threei}  announced a two-year, non-exclusive licensing agreement that will allow select TV shows from CBS's library, including episodes of "Medium" and "Flashpoint" as well as full seasons of classics such as "Frasier," and "Cheers," to be streamed instantly from Netflix. CBS retains an option to extend the agreement for up to two additional years. Terms of the deal were not disclosed
[14:11] {kschun} SLW approaching .60
[14:12] {Threei}  and LVS, interesting long off 46
[14:15] {Threei}  watching both, no confident entry yet
[14:15] {dino} markets are stuck
[14:15] {nemo} yeah, slw short under .60 or long over .70
[14:25] {Threei}  ok
[14:25] {Threei}  time to commit I think
[14:25] {nemo} to thinking?
[14:25] {Threei} Long Setup:  SLW  .60 break if holding .50
[14:25] {Threei}  and 10 cents ranges if loses .50
[14:25] {Threei}  and,
[14:25] {Threei} Long Setup:  LVS  46 break
[14:26] {Threei}  if holding .90
[14:27] {Threei}  same idea, 10 cents ranges now
[14:27] {Threei}  ugh, a bit late
[14:27] {Threei}  ok, back to entry
[14:27] {Threei}  .90 cross
[14:28] {Threei}  stop under .80
[14:29] {Threei}  LVS 1:1
[14:29] {Threei}  half out
[14:30] {Threei}  scalpers know what to do
[14:34] {RonS} out artw .42 +.12...now that i have unleashed this thing...go dino
[14:35] {Threei}  SLW 1:1, half out
[14:35] {Threei}  scalpers, once again...
[14:35] {dino} :D
[14:38] {Threei}  stops are b/e for those who partial
[14:42] {ScottM} what up with AIG?
[14:43] {Threei}  don't see any news
[14:43] {nemo} like rimmshort here?
[14:43] {Threei}  no read
[14:44] {Threei}  lvs
[14:48] {dino} siro to .56
[14:49] {Threei}  SLW balance out b/e
[14:52] {kschun} b/e ?
[14:52] {Threei}  breakeven
[14:52] {kschun} :-)... thanks
[14:57] {dino} to .65 siro
[14:59] {strider} short DE .70
[15:00] {dino} out siro +.40\
[15:00] {_rambler} good one...
[15:01] {dino} thx
[15:02] {Threei}  hmmm... my recovery didn't last very long, did it
[15:02] {Threei}  not officially over yet but has this feel of poking an amoeba
[15:04] {nemo} oh yeah, forgot about airline stocks today
[15:06] {strider} out 1/2 +.09
[15:07] {strider} DE
[15:08] {strider} newlow DE
[15:08] {Threei}  {DE} are you calling my morality questionable?
[15:09] {strider} I have no response4 to that.
[15:09] {nemo} I don't think there's any doubt vad
[15:09] {nemo} you sit right next to Dr. Lechter
[15:10] {strider} bidding 1/4 .51
[15:11] {strider} out
[15:12] {strider} stop to .66 for last 1/4
[15:12] {Threei}  nice
[15:14] {Threei}  John Kerry Urges Oil Companie to Cease Operations in Libya
[15:14] {Threei}  oli companies; John who?
[15:14] {nemo} Kennedy and Kerry...I hate my frickin state
[15:14] {nemo} then there's BO Barney
[15:15] {strider} stop to .61
[15:17] {strider} to .55
[15:18] {strider} bid .34
[15:20] {strider} out .38
[15:20] {strider} +.32
[15:23] {dino} gj
[15:23] {strider} RIG
[15:23] {strider} alrready gone
[15:26] {strider} I gotta learn to leave that last 1/4 alone......DE is still going down
06[15:27] * strider slaps strider around a bit with a large cardboard cutout of Dino.
[15:28] {nemo} wuss...make it out of something substantial
[15:29] {Threei}  strider... make irt a cement cutout
[15:29] {dino} dino slaps strider and nemo with back of his hand
[15:29] {ScottM} or a bronze cast
[15:29] {Threei}  or that
[15:29] {strider} or a dental bridge........
[15:30] {strider} that friggin tooth has to be pulled....gotta have a bridge.
[15:30] {strider} I shoulda been a damn dentist.
[15:30] {RonS} sounds cheap
[15:30] {strider} 3K for the bridge.
[15:31] {strider} I figger if everybody in the room chips in a couple hundred, that'll take care of it.
[15:32] {strider} nemo?
[15:32] {strider} oh, I forgot.  You don't believe in teeth.
[15:32] {RonS} lol
[15:32] {Threei}  (LB) Gaddafi's son Saif Al-Islam planning to conduct a press conference in Tripoli, Libya - world press
[15:32] {kschun} rough day for me. just the days where nothing is moving and I reacted with overtrading... those are the days I just have to get rid off...
[15:33] {Threei}  you continue the same pattern of disregarding what we are doing
[15:33] {RonS} saw that dude over weekend...chip off the old block...total asshat
[15:39] {strider} missed rig pullback
[15:40] {nemo} fcx coming into low of the day
[15:42] {ScottM} slw
[15:47] {nemo} here comes the short covering
[15:49] {Threei} Long Setup:  RIMM  .35
[15:50] {Threei}  stop under .25
[15:54] {Threei}  time's at premium here...
[15:54] {Threei}  6 min left
[15:54] {Threei}  if uncomfortable, scrartch it
[15:54] {Threei}  no harm done
[15:54] {Threei}  I'll try for above .40
[15:55] {nemo} spy moving up on that volume doji
[15:59] {Threei}  ok
[15:59] {Threei}  out
[15:59] {Threei}  had offer at .43, 1 cent shy, lol
[15:59] {nemo} ending near the lows of the day
[15:59] {Threei}  daily is right on support
[16:00] {ScottM} seems to be right on 6 month trendline... tomorrow should be interesting
[16:00] {dino} out artw .35, +.05
[16:00] {Threei}  last time we had long red bar, bounced right off this kind of support
[16:00] {nemo} spy bottomed at the Weekly S2
[16:00] {Threei}  01/28
[16:00] {ScottM} yes, there have been few dents in this steady uptrend
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a good evening
[16:00] {Threei}  see you tomorrow
[16:00] {ScottM} Take care everyone.
[16:00] {_rambler} thanks Vad
[16:01] {nemo} Kaddafi ordered destruction of pipelines