Monday, March 7, 2011

Mar 07 2011

Beautiful day to start the week - one 10 cents stop and a lot of fat profitable trades, including SLW morning violin played in both directions. One of the later trades made Catch of the Day below.

Another example of "milk trade" - setup is self-explanatory for anyone who observed our bread-and-butter setups. We have covered it for 1:5 risk/reward, and it continues even lower as I type this.

Session Time: Mon Mar 07 00:00:01 2011
[08:47] {Threei}  (EU) EU's Rehn: Sees a case for lower rates on bailout loans for Ireland and Greece- Need to look into loan maturities to take countries further than the 2014/15 funding.
[09:11] {jfjf64} mornin
[09:11] {Threei}  jf :)
[09:11] {davd} they need to re-phrase the error messages.  "not permitted" because dino can't type?
[09:12] {Threei}  then I'd have to add distinctions like "because we don't like you," "because we have to have some fun" etc
[09:15] {rambler} goodmorning....
[09:15] {Threei}  rambler :)
[09:16] {ese} morning
[09:17] {larisa} gm :)
[09:17] {Threei}  ese, larisa :)
[09:17] {ese} laris this is what life after death is like......hmmmmmm.....not too bad
[09:21] {jfjf64} slw  up  up  up
[09:22] {Threei}  as USD murder continues...
[09:22] {jfjf64} yup
[09:23] {Threei}  Canada is put on alert for food prices rising 5-7%
[09:23] {Threei}  thank you Ben
[09:24] {ese} you'll be required to do lots of shiskabob and freeze it to save on costs
[09:24] {Threei}  (US) Fed's Fisher: May vote to halt further bond purchases before the June deadline, believes QE2 may be counterproductive
[09:24] {Threei}  - Would certainly vote against extending bond purchases under QE2 past the June deadline.
[09:24] {Threei}  - More accomodation could actually hurt the US economy.
[09:24] {Threei}  - Only fiscal policy can aid in job creation.
[09:24] {Threei}  - Congress needs to take painful steps to cut the budget deficit, US economy is afflicted with negative impact of budget deficits.
[09:25] {dino} gm all
[09:25] {Threei}  dino :)
[09:25] {jfjf64} dino
[09:27] {nemo} wow, not used to spy barely moving
[09:27] {Threei}  Ok, waiting out first morning lunacy if it comes
[09:27] {jfjf64} early
[09:28] {magoo} morning
[09:28] {Threei}  mags :)
[09:28] {RonS} gm everyone
[09:28] {Threei}  Ron :)
[09:29] {Threei}  likely scenario is lunacy, then morning selling, for an hour or two, then slow creep-up
[09:31] {Threei}  (US) Fed's Lockhart: A serious increase in oil prices is not the most likely scenario, but Fed might need to ease again if oil goes too high
[09:31] {Threei}  - US economy can absorb some increases in crude prices.
[09:31] {Threei}  - Housing prices may continue to move lower.
[09:31] {Threei}  Fed might need to ease again if oil goes too high?
[09:31] {Threei}  ??
[09:32] {Threei}  watch SLW for short into bounces
[09:32] {Threei}  if gets around .40, would be very lucrative
[09:35] {Threei} Short Setup: RIMM  .60 break
[09:35] {Threei}  ugh... late
[09:35] {Threei}  see if provides us with second chance entry
[09:35] {Threei}  ok
[09:35] {Threei}  same setup
[09:35] {Threei}  .60 break short
[09:36] {Threei}  stop above .70 for scalpers
[09:36] {Threei}  .80 day traders with smaller shares
[09:37] {Threei}  SLW, no chance for entry
[09:38] {magoo} big dive LVS
[09:38] {Threei}  yeah
[09:38] {jfjf64} comon  rimm
[09:38] {jfjf64} your  turn
[09:38] {Threei}  (LB) Hearing Arab press sources are reporting that Libya's Gaddafi has begun negotiations with rebels to step down and leave the country- Hearing Libyan sources have told the pan-Arab newspaper al-Sharq al-Awsat that Col Gaddafi has contacted the rebel Transitional National Council to secure his departure from the country in return for guaranteeing his and his family's safety.
[09:39] {Threei}  this is probably what sent SLW down this much
[09:39] {Threei}  and USO
[09:39] {nemo} why oil dropped too
[09:40] {Threei}  RIMM 1:1 for day traders
[09:42] {nemo} nke
[09:42] {Threei}  SLW, dive under .50
[09:42] {Threei}  DB entry
[09:42] {Threei}  if holding .40
[09:43] {Threei}  in .51
[09:43] {Threei}  stop under day low, target about 45.80
[09:43] {Threei}  1:1
[09:43] {Threei}  half out
[09:44] {Threei}  stop to under .45
[09:44] {Threei}  1:2
[09:44] {Threei}  1/4 more out
[09:44] {Threei}  stop to .49
[09:45] {Threei}  RIMM hit 1:2 for day traders
[09:46] {Threei}  offering last SLW .82
[09:46] {Threei}  stop to .55
[09:46] {Threei}  touched .80
[09:47] {Threei}  stop to under .60
[09:47] {dino} gj
[09:47] {Threei}  last low
[09:48] {Threei}  ty
[09:48] {Threei}  textbook setup
[09:48] {magoo} nice one
[09:48] {Threei}  out 1:3
[09:51] {magoo} quite a reversal
[09:51] {Threei}  lunacy period is not over yet :)
[09:52] {Threei}  watching for short setup
[09:52] {jfjf64} axp  d/top
[09:52] {jfjf64} ?
[09:53] {Threei}  volume doesn't say so...
[09:53] {Threei}  rather breakoutish
[09:53] {Threei}  SLW,
[09:54] {Threei}  watch for entry around .20
[09:54] {Threei}  if doesn't go above .30
[09:54] {Threei}  short entry it is
[09:54] {nemo} NKE inverted C&H
[09:54] {dino} 07 all red
[09:55] {Threei}  .20 recross short
[09:55] {Threei}  stop above .30
[09:56] {magoo} whats 07 all red mean dino?
[09:56] {Threei}  target is 1:3
[09:56] {Threei}  with standard partialing
[09:57] {Threei}  1;1, half out
[09:57] {Threei}  stop to above b/e
[09:58] {Threei}  changing my mind for the last portion
[09:58] {Threei}  target 1:4 for it
[09:59] {Threei}  1:2, 1/4 more out
[09:59] {Threei}  stop to .15
[09:59] {Threei}  taregt is around .80
[10:05] {Threei}  out last piece
[10:05] {Threei}  like violing, both directions
[10:05] {Threei}  can I go home?
[10:06] {strider} {--------threatens vad with a large stalk of broccoli
[10:06] {Threei}  uh oh
[10:07] {Threei}  out of all things that scare me you had to pick the scariest
[10:07] {strider} I select my tools carefully
[10:08] {strider} right one for the job
[10:11] {Threei}  (EG) New government in Egypt has been sworn in - state tv
[10:11] {davd} rumor re kdaffi poo poo'd ie rebels prob wont accept and would that stablize oil...
[10:14] {strider} fcx long bull flag
[10:14] {dino} fast mkt drop
[10:14] {strider} traccking spy today
[10:14] {strider} fcx is
[10:16] {Threei} Long Setup:  X  .45
[10:16] {Threei}  half lot
[10:16] {Threei}  if stays above .35
[10:18] {Threei}  invalidated
[10:18] {_cleto}  u blew it Vad
[10:18] {_cleto} lol
[10:18] {_cleto} so hot this morning and now this " invalidated'
[10:19] {Threei}  oops
[10:19] {magoo} u dont know what invalid means
[10:19] {dino} tough crowd
[10:19] {Threei}  sorry... I'll go poor ashes on my head.. :(
06[10:19] * nemo slaps _cleto around with a large lead pipe
[10:19] {_cleto} make sure it doesnt happen  agian
[10:19] {Threei}  I have second chance?
[10:19] {Threei}  thank you!! :)
[10:19] {_cleto} brocollli soup
[10:20] {Threei}  not that
[10:20] {Threei}  anything but that
[10:20] {dino} sxci sm l .60 stop .34
[10:22] {Threei}  poor = pour, btw, lol
[10:22] {Threei} Short Setup: LVS  .20 break
[10:23] {Threei}  if it goes above .30, I am reaching for the broccoli soup voluntarily
[10:25] {Threei}  not time for the market to start creep-up yet, IMO
[10:25] {Threei}  should get more dolwnside first
[10:25] {Threei}  out
[10:25] {Threei}  ok, backing off a bit, first stop for today
[10:26] {dino} sxci stopped slipped -.31
[10:26] {_cleto} add 1 cup Russian standard platinum
[10:26] {Threei}  that'll make that soup edible
[10:27] {_cleto} do u know that vodka by the way
[10:27] {Threei}  very well
[10:27] {Threei}  one of my gavorites
[10:27] {Threei}  favorites
[10:27] {_cleto} now i bragged to friends that it was one of the best.. i could drink the stayndard  brand with a tablesspoon, so smooth , vanilla etc
[10:27] {strider} fcx weak
[10:28] {_cleto} BUt lately I am convinced they changed it!!  seriously
[10:28] {Threei}  strange divergence between X and FCX today, strider
[10:28] {Threei}  they moved together lately
[10:28] {_cleto} it is rough  almost not drinkable,  an dthis happeneed coincidentally since they introduced teh PLATINUM brnd, so u know the rest
[10:28] {_cleto} sorry
[10:29] {_cleto} trading first , vodka  later
[10:30] {Threei}  watch X for long entry if dives under .50
[10:30] {Threei}  pullback entry for establishing uptrend, if stays above .40
[10:31] {jfjf64} fast  back off
[10:31] {jfjf64} lol
[10:31] {Threei}  be readym can be very quick
[10:31] {jfjf64} lol
[10:32] {Threei}  (LB) US Defense Sec Gates: Any military action in Libya needs international support
[10:32] {Threei}  I can't believe they seriously contemplate any kind of intevention there
[10:32] {strider} fcx dying
[10:33] {Threei}  in
[10:33] {Threei}  stop under .40
[10:33] {Threei}  (LB) Reports of further air strikes on behalf of Gaddafi in the oil port town of Ras Lanuf
[10:34] {Threei}  very nervous market here wqith barrage of headlines from Libya
[10:34] {Threei}  if want to take quick scalp, can't blame you
[10:34] {Threei}  1:1
[10:34] {nemo} ree break .36?
[10:34] {Threei}  half out
[10:35] {Threei}  scalpers get out
[10:35] {Threei}  no read on REE
[10:35] {Threei}  stop to .49 for the balance
[10:35] {strider} out +.13
[10:36] {strider} .64
06[10:36] * Threei pushes a dish with broccoli soup away
[10:36] {strider} {---------prepares sheath of brussel sprouts for backup
[10:37] {Threei}  out second half
[10:37] {strider} fcx still erping
[10:37] {strider} urping?
[10:37] {Threei}  come on, that was a perfect read - entry point fiorecasted in advance, waited out to perfection
[10:37] {strider} sp?
[10:37] {Threei}  let me out of that broccoli jail
[10:39] {_cleto} Vad, next time  u drink russian standard plain, think if it really is  as good as usual, no ice straight an du will undersatnd..
[10:39] {_cleto} switcharoo
[10:40] {Threei}  ice?
[10:40] {_cleto} lol
[10:40] {Threei}  who on earth drinks vodka with ice
[10:41] {Threei}  here comes my selloff
[10:42] {dino} i do
[10:43] {Threei}  that must be crappy vodka...
[10:43] {strider} or really good ice
[10:43] {Threei}  lol
[10:43] {Threei}  good one desrves better than putting ice in it... chill it in the fridge
[10:43] {Threei}  don't see new news for this selling
[10:46] {dino} 12066, 2326, 1308 gaps
[10:46] {nemo} fcx holding
[10:47] {strider} resting between barfs
[10:47] {dino} feels like whoosh down coming
[10:47] {nemo} .62 support on spy
[10:47] {dino} ty
[10:48] {Threei}  LVS runsed
[10:48] {dino} fdx gap around 87.30
[10:49] {dino} open drop, gap around 86
[10:51] {dino} idcc drop
[10:52] {dino} idcc sm l .98
[10:53] {dino} sxci app lod
[10:56] {dino} rp sm l .75
[10:57] {Threei}  LVS... looks breakdownish but so it did last time around, and it rinsed instead
[10:57] {Threei}  so how about let's wait for a rinse,
[10:57] {Threei}  and try to shoert after that if setups presentes itself
[10:57] {jfjf64} 43.00
[10:58] {jfjf64} opr  agg
[10:58] {jfjf64} or
[10:58] {Threei}  to rinse, it would need to go above .20
[10:59] {Threei}  so let's wait for it to go there, then see
[11:00] {dino} market indecision
[11:00] {dino} gdot blood
[11:00] {Threei}  me too
[11:01] {Threei}  indecision, not blood
[11:01] {_cleto} ice  or no ice
[11:01] {nemo} stop it will ya...I'm trying to avoid drinking before noon
[11:01] {Threei}  no ice, no indecision there
[11:01] {Threei}  nemo... are you OK?
[11:02] {nemo} Had a hangover yesterday like you read about
[11:02] {Threei}  (LB) Britain and France planning to initiate a proposal for a Libya no fly zone to the UN this week
[11:02] {Threei}  good
[11:03] {Threei}  they plan, they initiate, they discuss... it will be over one way or another over there when they are done discussing
[11:05] {dino} where's "w" when you need him. he dreamed of this
[11:05] {Threei}  (LB) US govt sources state that the earlier reports of Gaddafi negotiating with the opposition are unlikely to be credible - CNBC
[11:08] {dino} fdx gap fill
[11:09] {nemo} nice volume spike tck
[11:10] {Threei}  LVS, perfect drop off .20
[11:10] {Threei}  no clean setup there, couldn't make a call
[11:10] {Threei}  but confirms the concept
[11:10] {strider} yesterdays spy low .60
[11:11] {dino} almost filled ndx 2326
[11:13] {dino} fdx sm l .35
[11:22] {Threei}  (LB) President Obama: Reiterates no options are off the table in regards to Libya, NATO is considering military options
[11:22] {Threei}  - US has authorized $15M in aid for Libya.
[11:22] {dino} as they surgically install a backbone
[11:23] {Threei}  nope, body will reject it
[11:23] {dino} most likely
[11:25] {rambler} Vad, enjoyed the video series this weekend.....
[11:26] {Threei}  :)
[11:26] {rambler} I've got some work to do....
[11:26] {Threei} Long Setup:  LVS  43 break
[11:26] {Threei}  just a scalp most likely
[11:26] {Threei}  not very confident, about 52/48
[11:27] {Threei}  make it discretionary call
[11:27] {Threei}  there was one big change since I recorded those, rambler
[11:27] {rambler} whats that
[11:27] {Threei}  in one of the videos you can hear click of the Zippo
[11:27] {Threei}  I quit smoking since then
[11:28] {Threei}  other than that...
[11:28] {rambler} no bad habits any more....
[11:28] {Threei}  why, I have more
[11:29] {Threei}  invalidated
[11:29] {Threei}  a few very cool shots from this weekend in this series:
[11:29] {Threei}
[11:31] {rambler} what lens did you use for the bird shots   ?
[11:31] {Threei}  amazingly, not very long... 12-60
[11:31] {Threei}  he let me come very close
[11:32] {rambler} friendly bird....
[11:32] {Threei}  lol
[11:32] {Threei}  that prey of his would obviously disagree
[11:32] {rambler} roger that.....
[11:34] {rambler} listening to the cd on stops this a.m......excellent.....
[11:35] {Threei}  it's a good program
[11:35] {Threei}  and with 2 months room membership, a steal
[11:36] {Threei}  still can't stop laughing about the guy who e-mailed me:
[11:36] {Threei}  cost of the offer is 450, cost of two months in the room is 600, can I take just one month in the room and ay 150?
[11:36] {Threei}  I answered: better yet, take no time in the room, and I will send you the materials and ay you $150
[11:36] {Threei}  pay
[11:37] {Threei}  math works {G}
[11:37] {rambler} everybody wants a deal......some people always looking for an angle.......
[11:38] {Threei}  dunno why I never heard from him again
[11:38] {rambler} I've just started the online portion......looks good
[11:39] {Threei}  and you haven't even gottent near the jewel in that crown... Taoist Trader course'
[11:40] {nemo} should call your two books and the course "The Three Treasures"
[11:40] {nemo} hehehehhehe
[11:40] {Threei}  I am not that arrogant :)
[11:40] {Threei}  wait...
[11:40] {dino} itri sm l .50 ave
[11:40] {rambler} for me possibly the most important component.....
[11:41] {Threei}  USO tripped of something
[11:42] {rambler} watched an excellent 1 hour video by Mark Douglas this weekend as well......
[11:43] {Threei}  his Trading in the Zone is great book
[11:43] {rambler} the link is on
[11:44] {dino} good book that zone, "anything can happen"
[11:45] {dino} ndx filled
[11:46] {Threei}  tischendorf... I think he had some quote from me once
[11:47] {rambler} Vad, Linda Raschke is where I got the idea about splitting the Time and Sales into 2 columns...under 10 and over is how she does it....
[11:47] {rambler} hoew she does it I have no idea.,,,,
[11:48] {Threei}  some software allow such filter
[11:48] {Threei}  ahh, yes
[11:48] {Threei}
[11:48] {strider} bt vod
[11:51] {rambler} IMVHO, Tischendorf one of the very best free sites I've ever found......
[11:51] {dino} vrus spike
[11:51] {rambler} great swing trade picks.....
[11:51] {Threei}  hey, anyone quoting me is good in my book
[11:52] {rambler} your in good company on that site.......
[11:52] {Threei}  I have one that beats that
[11:53] {rambler} drum roll.......
[11:53] {dino} s/p filled
[11:53] {Threei}  let me see if I have it bookmarked somewhere
[11:54] {rambler} LVS popping....
[11:54] {Threei}  ahha
[11:55] {Threei}  how about this company:
[11:55] {Threei}
[11:56] {dino} afop sm l .81
[11:57] {rambler} looks good.....
[11:59] {dino} the ndx moves 2% daily it seems
[11:59] {strider} fcx new low
[11:59] {rambler} Vad, do you have any videos dealing with the use of  Intelliscan......
[12:00] {Threei}  there is something in the video course
[12:00] {rambler} thanks.....
[12:00] {Threei}  not much though
[12:01] {Threei}  which aspect of using it do you have in mind?
[12:01] {rambler} well get on it.......
[12:01] {Threei}  how to configure it, how to scan?
[12:01] {Threei}  it's just a tool... there is plenty of help is available for it
[12:01] {rambler} practical stuff......
[12:02] {Threei}  I'd rather focus on trading, and leave technical stuff of scanner to its developers
[12:02] {Threei}  they do excellent job
[12:03] {rambler} just looking for an overview.....I've never used a real time scanner before.....
[12:03] {rambler} always 15 min delayed stuff
[12:03] {Threei}  it's easy part
[12:04] {Threei}  will take you one day max to get comfortable with it
[12:07] {rambler} LVS close to mid Dec support.....
[12:09] {dino} wow 15 min delay will kill you
[12:10] {rambler} works ok for breakout setups......
[12:10] {rambler} put charts on watchlist and just keep flipping thru them
[12:11] {rambler} labour intensive
[12:11] {rambler} thats why I'm here....
[12:12] {Threei}  huh
[12:12] {Threei}  I thought we were here to talk fashion trends
[12:13] {rambler} I'm a one trick pony, needing a couple more tricks.....
[12:13] {dino} keep it simple imo
[12:15] {rambler}  agree....
[12:16] {dino} out fdx .85, +.50
[12:17] {strider} that's simple
[12:17] {rambler} nice job.....
[12:17] {dino} ty
[12:20] {Threei} Short Setup: LVS  .50 break
[12:21] {Threei}  potential milk trade
[12:22] {Threei}  stop is self-explanatory
[12:23] {Threei}  1:1
[12:24] {rambler} milker....?
[12:25] {Threei}  ?
[12:26] {Threei}  1:2
[12:27] {rambler} out
06[12:27] * Threei slaps jfjf64 around a bit with a large roll of cash
06[12:27] * Threei slaps magoo around a bit with a large roll of cash
[12:31] {magoo} ):
[12:33] {rambler} Vad, are you still in LVS.....?
[12:34] {Threei}  1/4
[12:35] {Threei}  stop .51
[12:35] {rambler} so,even on a potential milk trade, 1:1, half out.......
[12:36] {rambler} 1:2, 1|4 out....
[12:36] {dino} vrus continues
[12:36] {rambler} rest to run .....
[12:36] {Threei}  more room for discretion,
[12:37] {Threei}  sometimes if it moves very stringly, I may give first half a few more room than 1:1,
[12:37] {Threei}  and with last portion main difference is:
[12:37] {Threei}  I don't trail it beyond breakeven until stock comes to the final stratch,
[12:37] {Threei}  and don't take 1:3,
[12:38] {Threei}  instead starting tightenting stop
[12:38] {Threei}  and waiting for a steep move
[12:39] {rambler} but safe to say that at 1:1, usually 1/2 out....?
[12:40] {rambler} sorry for all the dumb questions this a.m......
[12:40] {Threei}  normally, yes
[12:41] {Threei}  if I feel very strongly that it shouldn't be taken, I will comment
[12:41] {rambler} havn't had my salmon oil yet......
[12:41] {rambler} o.k.
[12:41] {Threei}  "not even taking first half at 1:1"
[12:47] {rambler} LVS heading for 42.....
[12:47] {Threei}  that's my contention
[12:47] {Threei}  1:3
[12:48] {Threei}  cleto, you here?
[12:53] {Threei}  whoosh is coming
[12:54] {Threei}  stop for the last piece is .35 now
[12:54] {Threei}  1:4
[12:54] {dino} dji filled
[12:56] {Threei}  more aggressive trailing now, to .25
[12:58] {magoo} nice day u had today vad
[12:58] {Threei}  not complaining at all
[12:58] {Threei}  one 10 cents stop
[12:59] {Threei}  what I need now is cleto withdrawing that breoccoli soup threat by means of this:
[12:59] {Threei}
[13:00] {Threei}  No Soup For You!
[13:00] {Threei}  stop to .21
[13:04] {Threei}  stop to .15
[13:04] {Threei}  (US) House Democrats are preparing a bill that would extend the Build America Bond program
[13:08] {dino}  vrus crazy
[13:08] {Threei}  LVS, where do I send flowers?
[13:08] {rambler} break out 2x4.....
[13:08] {strider} send em to me.  I still can't short it.
[13:08] {Threei}  ugh
[13:08] {strider} been over a week
[13:08] {Threei}  OK, final stretch
[13:09] {Threei}  stop to .06
[13:10] {Threei}  out
[13:11] {rambler} nice one....
[13:11] {rambler} break out the bacon....
[13:13] {dino} idcc sm l .50
[13:14] {magoo} LVS looks like .60 area comin
[13:15] {jfjf64} lvs  ty
[13:17] {Threei}  :)
[13:42] {nemo} spy clear of all downtrend lines
[13:43] {nemo} first resistance .20
[13:46] {Threei}  (LB) Saadi Gaddafi: Exile for Muammar Gaddafi would spark civil war, Saif Al Islam Gaddafi has led Libya for the last four years
[13:46] {Threei}  - REMINDER from earlier today: Arab press sources are reporting that Libya's Gaddafi has begun negotiations with rebels to step down and leave the country
[13:46] {Threei}  huh?
[13:46] {Threei}  these guys are incoherent
[13:47] {jfjf64} take the $ and run
[13:47] {Threei}  Exile for Muammar Gaddafi would spark civil war?
[13:47] {Threei}  and if he stays, peace, hugs and flowers?
[13:51] {davd} its prob similar with Hussein/Iraq.  toss up as to whether general pop better off.
[13:52] {Threei}  heh... whole former USS space still tries to figure out whether they were better off under socialism or now
[13:53] {Threei}  USSR
[13:55] {Threei}  GR) Moody's: Greece has a 20% chance of a default in the next 5 years
[13:55] {Threei}  I seriously would like to see how they cslculated that 20%
[13:56] {Threei}  my bet is, someone looked in the ceiling and said: what kind of number will sound like we did some due diligence, yet won'r scare the hell out of everyone
[13:57] {Threei}  folks sitting around the table started throwing in some numbers: 30%? - nah, too big, sounds scary... 14%? - nah, too optimistic
[13:57] {Threei}  20! just right
[13:57] {jfjf64} lol
[14:02] {dino} no, they threw darts at numbers on the wall
[14:04] {davd} nope, chairman's birthday date
[14:10] {kschun} hello to all! any trade going on vad?
[14:10] {nemo} what are the internals sneeze?
[14:10] {Threei}  hey ks
[14:10] {Threei}  not at the moment but you missed stellar day
[14:11] {kschun} inetrnals short, only adv minus dec begins to stabilize a little. all in all clear short.
[14:12] {kschun} thought so vad :-)
[14:14] {nemo} vielen dank
[14:21] {davd} who can say which is the best "up to the second/ traders are first to get it" new site.  i.e. which news site will make me money by being first with the news
[14:22] {davd} news
[14:22] {nemo} how many angels can you fit on the head of a pin?
[14:22] {strider} I know....ask me....ask me!
[14:22] {davd} your always right nemo - give it a shot.  re .2 broke
[14:23] {davd} ok strider you can answer
[14:23] {strider} no...I meant the answer to nemo's question
[14:23] {nemo} if spy holds tradition here, vwap is target, currently descending from .75
[14:23] {strider} you can't get a newsfeed that will make you first.
[14:24] {Threei}  looked into one I use davd?
[14:24] {davd} no 3ii, which is it?
[14:24] {strider} If there was one....owner of the newsfeed would be setting there making money trading......instead of selling not-quite-news
[14:25] {Threei}  let me find the contact e-mail
[14:25] {davd} maybe he is :D
[14:26] {Threei}  see dcc davd
[14:27] {davd} spasibo
[14:27] {Threei}  ne za chto
[14:27] {davd} no i'm not!
[14:39] {Threei}  (LB) Foreign ministers from Gulf Cooperation Council support no-fly zone over Libya
[14:39] {dino} mdas sm l .72
[14:40] {Threei}  sure... as long as someone else enforces it
[14:40] {Threei}  Euro vs US Dollar Barclays analysts revise forecasts; sees appreciation to $1.45 in a year, will fall to $1.38 in the coming month
[14:40] {Threei}  have they taken according position?
[14:41] {Threei}  IMF's Lipsky: Emerging economies are showing signs of economic overheating, big advanced economies growing too slowly to significantly reduce unemployment
[14:41] {Threei}  - Divergence in growth within the eurozone are presenting the ECB with a big challenge.
[14:41] {Threei}  - Does not see inflation expectations deteriorating withing the eurozone.
[14:41] {Threei}  - The Fed is facing a situation with several critical differences from the one faced by the ECB.
[14:41] {Threei}  - Focus of financial markets on EU debt has not receded; Amount of financial strain not sustainable in the long run.
[14:51] {strider} market needs a dose of Black Draught
[14:52] {strider} (nobody knows what that is)
[14:52] {dino} indeed
[14:52] {strider} ah.
[14:53] {jfjf64} s vrus .43
[14:53] {Threei}  can't tell whether next move is up or down
[14:53] {Threei}  feeling is down
[14:53] {jfjf64} me  too
[14:54] {nemo} both indexes holding trend
[14:54] {jfjf64} boredom  play
[14:54] {strider} bet you're not bored now.
[14:54] {jfjf64} ha ha
[14:54] {jfjf64} ouch
[14:54] {nemo} need vaseline?
[14:55] {kschun} LOL
[14:56] {strider} This is a weird day....haven't found a trade other than vad's.
[14:56] {dino} gut says up
[14:56] {strider} I must be getting better.
[14:57] {jfjf64} lvs playin  42.00 song
[14:57] {kschun} @strider: so pick the right job, in trading you ALWAYS CAN GETTING BETTER AND IMPROVE :-)
[14:58] {kschun} eeying HIG for short, horrible daily
[14:58] {kschun} but needs help from market
[14:58] {nemo} are you the exception that proves the rule sneeze?
[14:58] {strider} allergies?
[14:58] {nemo} yeah, to redneck southerners
[14:59] {strider} that's good.
[14:59] {strider} we had a Boston feller come down here once.......don't know what happened to him....never saw him anymore.
[15:00] {dino} lol
[15:00] {strider} but that barbeque sure was good.
[15:00] {davd} they go well w baked beans
[15:00] {RonS} dueling banjos
[15:01] {kschun} which execption? which rule?
[15:01] {nemo} Strider's kin
[15:01] {strider} (from the movie "Fried Greeen Tomatoes")
[15:01] {jfjf64} good movie
[15:02] {kschun} don't know it. saw on weekend "the middleman" :-)
[15:02] {Threei}  (US) JAN CONSUMER CREDIT: +5.01B V +$3.4BE (5TH STRAIGHT MONTH OF CREDIT GROWTH)- Prior revised higher to +$4.1B from +$6.1B - Total consumer credit annual rate +2.5% - Revolving credit +$B; +-6.4% annual rate (2nd straight month of growth after 25 months of contraction) - Non Revolving credit +$B; ++6.9% annual rate.
[15:02] {kschun} good stuff too !
[15:04] {jfjf64} vrus  lower here
[15:04] {jfjf64} imo
[15:05] {rambler} LVS bounce here....
[15:07] {strider} scanner mostlly green here
[15:07] {nemo} good movie
[15:08] {strider} and now.........scanner mostly red....back to sleep
[15:10] {kschun} good call rambler
[15:10] {strider} gotcha a live one there with MDAS, dino.
[15:11] {dino} lol, yeah thrilling
[15:12] {dino} you shorting vrus jf? careful...
[15:13] {jfjf64} naa
[15:13] {dino} idcc to .99
[15:13] {jfjf64} pzg  .53
[15:13] {jfjf64} long
[15:14] {dino} out idcc .03, +.53
[15:16] {dino} gut was right, +40 pts dji
[15:16] {nemo} yeah, sppy gets to vwap
[15:18] {strider} showing vwap at .77.  you, nemo?
[15:20] {kschun} M trying the 200 ma on 5 min third time today
[15:22] {nemo} yep and support at .25
[15:25] {dino} fdml
[15:25] {kschun} TSLA coming back
[15:25] {strider} l fcx .15
[15:30] {Threei}  LVS, pullback to 42 for long entry
[15:35] {nemo} .07 to vwap
[15:36] {nemo} next target would be .96 which is 50% retracement
[15:37] {strider} a mighty struggle
[15:37] {dino} itri to .85
[15:37] {kschun} GILD
[15:38] {dino} out .85, +.35, puts me in the green, sheesh, strange day
[15:38] {kschun} good job dino
[15:38] {dino} thx, got lucky
[15:39] {strider} out 1/2 fcx +.12
[15:39] {dino} gj
[15:39] {strider} bidding 1/4 .39
[15:40] {davd} i remember the crash of March 7 morning.
[15:40] {dino} meli strong today
[15:41] {dino} afop to .89
[15:41] {nemo} spyright at vwap
[15:42] {strider} out 1/4 .36 didn't get hit at .329
[15:42] {strider} .39
[15:44] {kschun} come on GILD...
[15:44] {dino} out afop .91, +.10
[15:45] {strider} stop to .25
[15:46] {Threei}  too high, LVS
[15:46] {Threei}  not liking this as an entry point
[15:48] {strider} stop to .29
[15:49] {strider} to .33
[15:50] {strider} out
[15:50] {Threei}  nice
[15:50] {strider} t'anks
[15:51] {dino} gj
[15:51] {strider} I always hate leaving that high on the table...
[15:51] {strider} .39
[15:52] {kschun} put GILD officially in the crap box
[15:52] {Threei}  you really need to stop playing immobile stocks
[15:54] {dino} ks needs the pulp plays
[15:55] {Threei}  yup
[15:55] {strider} pulp fiction
[15:55] {Threei}  instead of those under the assisted living program
[15:55] {dino} "pulp moves baby" george costanzza/seinfeld
[15:55] {rambler} Vad, is this type of action usual for LVS.....?
[15:56] {Threei}  like what?
[15:56] {rambler} been watching it close for an hour, seems quite predictable compared to most.....
[15:57] {dino} vads' atm
[15:57] {Threei}  well, there is a reason why it's on our usual suspects list for quite a few months already
[15:57] {Threei}  lol
[15:57] {Threei}  true
[15:57] {Threei}  farily obedient one most of the time
[15:58] {strider} unlike rimm....which was unusually tame this morning.
[15:59] {rambler} havn't used bollinger bands before, seem to work with this one......
[15:59] {Threei}  BBs is a beauty
[15:59] {Threei}  when you know what they are for
[16:00] {Threei}  try to use them as price movement predictor, you are in for a bitter disappointment - as qwith any tech indicator
[16:00] {Threei}  apply them right, they are great help
[16:00] {Threei}  think of it... people saying "this or that indicator doesn't work"
[16:00] {Threei}  in fact are saying:
[16:01] {Threei}  I have a hammer, gues what - it doesn;t work
[16:01] {Threei}  it didn't put any nails inthe wood
[16:01] {dino} out mdas -.01out rp .78, +.03
[16:01] {Threei}  have yo taken it in the hand and used it?
[16:01] {Threei}  no, I expect it to work by itself
[16:02] {Threei}  that's what those who say "indicator doesn't work" in fact say
[16:02] {rambler} very interesting......
[16:02] {Threei}  ok guys, thank you all
[16:02] {Threei}  have a good evening
[16:02] {Threei}  rambler, an article for yopu
[16:02] {Threei}  on this topic
[16:03] {dino} gn all, thx
[16:03] {Threei}
[16:03] {Threei}  see you all tomorrow
[16:03] {rambler} thanks Vad, mostly watched today but still made a little.....
[16:03] {Threei}  cool
[16:04] {kschun} thanks all
[16:04] {rambler} Vad, do I need a code to watch the videos in the trading course?
[16:04] {Threei}  code?
[16:04] {Threei}  codec?
[16:04] {rambler} video codec
[16:05] {strider} you need a translator.
[16:05] {Threei}  what OS do you have?
[16:05] {kschun} What do your photocamera, frying pan and stochastic have in common?
[16:05] {kschun} vad article LOL
[16:05] {kschun} CLASSIC :-)
[16:06] {Threei}  some of latest Windows OS can't play these videos in Media Player. Universal solution is GOM Player which is free and can be downloaded at
[16:06] {rambler} windows 7
[16:06] {Threei}  ok, that player should resolve it
[16:06] {rambler} thanks much, see you tomorrow....