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 vad......so 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} http://photography.realitytrader.com/2011/03/things-we-walk-by.html
[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 tischendorf.com.......
[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} http://www.tischendorf.com/2010/01/16/bo-yoder-and-vadym-graifer-6-stages-of-a-trader/
[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} http://trading-wise-words.blogspot.com/
[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} http://www.realitytrader.com/vad/soupnazi.png
[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} - REMINDER: Earlier today, MOODY'S CUTS GREECE SOVEREIGN RATING TO "B1" FROM "BA1" (3- NOTCH DOWNGRADE); OUTLOOK NEGATIVE
[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} http://blog.realitytrader.com/2007/04/what-do-your-photocamera-frying-pan-and.html
[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 http://www.gomlab.com/eng/GMP_download.html
[16:06] {rambler} windows 7
[16:06] {Threei} ok, that player should resolve it
[16:06] {rambler} thanks much, see you tomorrow....
