Wednesday, May 11, 2011

May 11 2011

Nicely profitable day with one stop and 4 or 5 winning trades.

Session Time: Wed May 11 00:00:00 2011
[08:56] {dino} gm all
[08:56] {Threei}  morning dino
[08:58] {dino} :)
[09:01] {_ebelog} I have a question about position sizing, I am trading with 100k I understand that the fine tuning of the position depends on liquidity of stock and I would guess its beta, but is 10% a good starting trade amount per trade as a general rule, thanks
[09:01] {Threei}  it has everything to do with risk control
[09:01] {Threei}  general rule is:
[09:02] {Threei}  do not lose on any single trade more than 1-2% of your trading capital
[09:02] {Threei}  so, knowing your stop sizxe dictated by the chart,
[09:02] {Threei}  and using that rule
[09:02] {Threei}  you come to your position size.
[09:02] {Threei}  To cite an example:
[09:02] {Threei}  if your capital is 100K,
[09:03] {Threei}  1% loss on any given trade gives you 1K loss
[09:03] {Threei}  stop size as dictated by chart is, say 20 cents
[09:03] {Threei}  by looking at the level 2 you see slippage as 5 cents,
[09:04] {Threei}  to lose 1K on 25 cents stop, you get your position size as 4K
[09:04] {Threei}  Now, that can be a bit too much
[09:04] {Threei}  as there is also commissions
[09:05] {Threei}  and liquidity with such lot can not be enough for 5 cents slippage
[09:05] {Threei}  so cut it some more, especially at the first stages of learning
[09:05] {Threei}  when training wheels should be used
[09:06] {Threei}  some more on that:
[09:06] {Threei}  http://blog.realitytrader.com/2007/04/stops-why-and-how.html
[09:07] {Threei}  makes sense?
[09:09] {_ebelog} sure so let me give specific example if bid ask is 5 cent spread that would be a more illiquid stock so I should pare back my exposure?
[09:09] {Threei}  absolutely
[09:09] {Threei}  5 cents is nasty spread,
[09:09] {Threei}  plus, pay attention to sizes displayed
[09:10] {_ebelog} Would you even trade a spread like that
[09:10] {Threei}  sure - with reasonable size
[09:10] {Threei}  dino plays stocks with 20-30 cents
[09:10] {_ebelog} ok so if 1000s of shares on bid and ask then?
[09:11] {Threei}  that's good size
[09:11] {Threei}  but if you see couple 100 shares bids and offers, 5 cents spread,
[09:11] {Threei}  a few cents gap between levels,
[09:11] {Threei}  that's illiquid stock, your slippage is likely to be bigger
[09:12] {Threei}  so, no way to play 4-5K shares
[09:12] {Threei}  even 1K can be too much if you want to keep stop tight
[09:13] {_ebelog} I am trading with IB and they offer many different etns to trade via per stock vs just using their smart system which I guess aggregates them, is it better to use their routing system or look at each etn separately
[09:13] {Threei}  I never traded wwith them
[09:13] {Threei}  no idea how effective heir smart routing is
[09:13] {nemo} they charge you more I believe when you don't use their routing system
[09:14] {_samire} gm all
[09:15] {Threei}  morning samire
[09:15] {_samire} it was green day 4 me yesterday (For a change)
[09:15] {Threei}  good to hear
[09:16] {Threei}  especially if our room had anything to do with that
[09:16] {nemo} probably got him started on painkillers
[09:17] {_ebelog} Ok so SLW for example is 38.70 now I would trade 600 sh if I had a 15 cent stop on 100k, does this make sense?
[09:18] {nemo} why is your stop at .15?
[09:18] {nemo} next support I see is .20 below
[09:18] {_ebelog} sorry I mean a .15 loss sorry
[09:18] {Threei}  600 x .15 gives you a loss of 90 bucks
[09:19] {_ebelog} I mean 6000 sh
[09:19] {Threei}  900 then
[09:19] {Threei}  a bit too much for SLW liquidity
[09:19] {Threei}  especially at the open when volatility is too big
[09:19] {Threei}  and certainly way too much if you are a beginner
[09:20] {Threei}  I would say: 600 is a good training size,
[09:20] {_ebelog} So if you set stop at 38.60 and break at 38.75 just as an example if chart was lining up that way, oh ok so i would cut that in half
[09:20] {_ebelog} oh ok I got it
[09:20] {nemo} ask me about trading too many shares when the losses start piling up...also, you'll be surprised at the fills you don't get
[09:20] {Threei}  move it to 1000 when you feel more confident,
[09:20] {Threei}  then increase as you become proficient
[09:21] {Threei}  whole procedure of initial size and increasing it as learning progresses is described in MPP
[09:25] {ese} morning
[09:25] {dino} =samire, wtg
[09:25] {Threei}  ese :)
[09:29] {Threei}  SLW doesn't even wait for the market to open
[09:29] {jfjf64} morning
[09:30] {Threei}  EUR/USD Euro weakness attributed to US think tank report circulating on periphery concerns
[09:30] {Threei}  jf :)
[09:30] {Threei} Short Setup: RIMM  .10 break half lot
[09:31] {Threei}  double-sided setup
[09:31] {Threei}  .20 upper side
[09:31] {Threei}  half lot either way
[09:32] {nemo} ROVI
[09:33] {jfjf64} ty rimm
[09:33] {Threei}  :)
[09:33] {jfjf64} you half in
[09:33] {Threei}  no, too fast drop
[09:33] {Threei}  but same setup is valid again
[09:34] {jfjf64} took .07
[09:34] {Threei}  short side only for now
[09:35] {Threei}  stop to .16
[09:35] {Threei}  holding too well
[09:35] {jfjf64} fcx hammer drop
[09:35] {Threei}  ugh, missed SLW bounce
[09:35] {Threei}  reversed too fast for a call
[09:37] {ese} ok thats 2stocks that i didn't have enough of dinos nerve to do ..IL and NRGY.....was onto both couldn't pull the trigger
[09:37] {Threei}  1:1 again
[09:37] {Threei}  stop to .11 if partialing
[09:38] {jfjf64} slw
[09:38] {jfjf64} nother leg down
[09:38] {jfjf64} imo
[09:38] {Threei}  SLW becomes bounce candidate
[09:39] {jfjf64} what i know
[09:40] {Threei}  didn't give clean entry
[09:40] {Threei}  stll waiting for a good play on it
[09:40] {Threei}  meanwhile nibbling on RIMM as a breakfast
[09:40] {dino} panl sm l .00 break, pulp type
[09:41] {Threei}  ebelog, see dino's type of play on PANL as example of low liquidity
[09:41] {Threei}  RIMM 1:3
[09:41] {Threei}  me out
[09:41] {nemo} actually, panl is high for him
[09:41] {dino} don't follow me eb
[09:42] {Threei}  US) Senator Schumer (D-NY): Concerned that markets may react in July if Congress does not provide clear signs that it intends to raise the debt limit
[09:42] {Threei}  - REMINDER from 5/2: Treasury Sec Geithner: Debt ceiling to be reached on May 16 as forecast, now feels can use more 'special measures' to push back limit to Aug 2 vs July 8 prior
[09:42] {Threei}  idiots are playing with fire
[09:44] {nemo} they just want to keep expanding debt level forever
[09:45] {Threei} Long Setup:  FCX  50 break
[09:46] {dino} il
[09:46] {nemo} that was fast
[09:46] {Threei}  1:1...
[09:46] {jfjf64} very
[09:46] {Threei}  wanted aggressive entry near .90 and hesitated a bit
[09:47] {Threei}  OK
[09:47] {nemo} yeah, I didn't get in
[09:47] {Threei}  second chance
[09:47] {ese} am watching it dino
[09:47] {nemo} hit 1:1
[09:47] {Threei}  stop under .90
[09:47] {jfjf64} in
[09:47] {dino} out panl .81, +.81
[09:47] {Threei}  target is .25
[09:47] {Threei}  two partials
[09:49] {Threei}  change of plans
[09:49] {Threei}  target .35
[09:49] {dino} tough crowd
[09:49] {Threei}  three partials
[09:49] {Threei}  sorry dino, caught up in a fast tarde :0
[09:49] {Threei}  first partial out
[09:49] {Threei}  .13
[09:49] {dino} :D
[09:49] {Threei}  stop to .95
[09:50] {Threei}  offer second part above .20
[09:51] {ese} what made you go back to that one dino
[09:51] {ese} nice one by the way
[09:51] {Threei}  second part out
[09:51] {Threei}  stop to .99
[09:51] {Threei}  offer third part between .30 and .35
06[09:52] * Threei slaps jfjf64 around a bit with a large roll of cash
[09:53] {jfjf64} ty
[09:53] {ese} nice jf
[09:53] {Threei}  stop to .09
[09:54] {jfjf64} 3i  call
[09:55] {jfjf64} scanner  finds  fcx
[09:55] {jfjf64} 3i  cofirms
[09:55] {jfjf64} lol
[09:55] {ese} gotta pull that trigger
[09:55] {Threei}  SLW
[09:55] {Threei}  this p;ullback seems to be our play finally
[09:56] {ese} tougher than most people think
[09:56] {jfjf64} yes
[09:56] {dino} panl drop
[09:56] {Threei} Long Setup:  SLW  .70 break
[09:56] {Threei}  if stays above .60
[09:57] {dino} ty ese, always keep yesterdays movers for a dayt or two on screen
[09:57] {dino} wlk drop
[09:57] {dino} gap 58.83 area
[09:58] {ese} wondered about that...so do i
[09:58] {Threei}  no go
[09:59] {jfjf64} lvs  some momo
[09:59] {dino} would like to see retest of lod panl
[10:00] {dino} bid lod
[10:05] {jfjf64} lvs  pullbk
[10:06] {Threei}  feels like market prepares for cascading lower
[10:07] {Threei} Short Setup: X  .10 break
[10:07] {dino} same feeling
[10:07] {Threei}  if stays under .20 for scalpers, .25 day traders
[10:08] {Threei}  when .10 getting hit try to grab last shares
[10:08] {Threei}  can drop very fast aftre actual break
[10:08] {Threei} Short Setup: SLW  .50 break
[10:10] {dino} darn partials bid l .75
[10:11] {Threei}  X not a scalp to me
[10:11] {Threei}  partialing
[10:11] {Threei}  1;1
[10:11] {Threei}  OK... let's tank now, market
[10:12] {Threei}  stop to .15, X
[10:12] {Threei}  ugh, missed partial on SLW
[10:12] {dino} wlk sm l .00
[10:13] {Threei}  stop to .55 SLW
[10:15] {Threei}  out SLW
[10:16] {Threei}  botched execution on this trade
[10:16] {jfjf64} ditto
[10:16] {jfjf64} jf blame   x
[10:17] {Threei}  X, scalpers win
[10:17] {jfjf64} dittnt pull trigger
[10:17] {jfjf64} either
[10:17] {dino} panl lod app
[10:18] {dino} wlk gap fill, should've waited
[10:18] {dino} gut says up we go
[10:19] {Threei}  yeah, market held after breakdown
[10:19] {Threei}  no strong downward momentum anymore
[10:19] {Threei}  although things are muddied by the dollar
[10:20] {Threei}  all these ups and downs are strongly correlated with it
[10:21] {dino} wlk stop -.33
[10:22] {dino} bid to .19
[10:23] {dino} stop .18 slip, +.43
[10:24] {jfjf64} gj
[10:26] {Threei}  SLW... I don't like you today
[10:28] {dino} ty
[10:28] {dino} 07 all red
[10:28] {dino} il lod
[10:28] {dino} carefull, still red
[10:28] {dino} unusual
[10:28] {dino} panl coming into yesterdays lod
[10:28] {dino} smr l il .00
[10:29] {ese} L il .08
[10:29] {dino} out il .40, +.40
[10:31] {Threei}  *DOE CRUDE: +3.8M V +1ME; GASOLINE: +1.3M V -500KE; DISTILLATE: -840K V +500KE; UTILIZATION: 81.7% V 83.2%E
[10:32] {dino} riding it es?
[10:33] {Threei} Short Setup: X  46 break
[10:33] {dino} ese getting like ron, making more on my calls than i do
[10:33] {Threei}  hehe
[10:33] {ese} good enough out IL .62
[10:33] {Threei}  good job guys
[10:33] {dino} wtg
[10:33] {ese} tks
[10:33] {dino} pulp type
[10:33] {ese} was thinking 1/2 and 1/2 but good enough
[10:34] {dino} dropped hard
[10:34] {ese} +.54
[10:34] {Threei}  condition is obvious on X
[10:34] {ese} ya
[10:34] {jfjf64} nice
[10:34] {jfjf64} ese
[10:34] {ese} tks
[10:34] {Threei}  UUP break of high should kill X
[10:35] {ese} had been following it since opening and almost missed it.....just barely caught dinos call
[10:36] {dino} i do what i do
[10:36] {dino} waiting here a bit, feels ugly
[10:37] {nemo} X holding well on this downdraft
[10:37] {dino} watching il, bid, panl
[10:40] {jfjf64} de  gettin  hit
[10:41] {dino} panl sm l .25 stop .99
[10:42] {dino} wtf, stopped fast drop
[10:43] {jfjf64} look  c
[10:43] {jfjf64} 43.00
[10:43] {jfjf64} lol
[10:44] {Threei}  reverse split
[10:44] {jfjf64} yeah reading
[10:44] {Threei}  1: I can't count that far
[10:45] {jfjf64} lvs   d/top
[10:45] {jfjf64} ?
[10:46] {Threei}  can't tell
[10:46] {jfjf64} or forming  c/h  
[10:46] {jfjf64} higher
[10:48] {_samire} slw basing
[10:50] {davd} raj guilty
[10:51] {ese} L alj .05
[10:51] {Threei}  Yahoo! Inc Ticks lower on reports that Alibaba has changed structure of ownership in its Alipay online payment service
[10:51] {Threei}  - Forbes reports "Yahoo disclosed in an SEC filing yesterday that Alibaba Group, in which it holds a 43% stake, has transferred ownership of online payments company Alipay to a new company controlled by Alibaba CEO Jack Ma."
[10:52] {Threei}  SLW is getting royal whooping
[10:52] {ese} stop .80
[10:53] {RonS} ese...hearing alj has refinery in flood area...
[10:55] {dino} partial l wlk .25
[10:56] {ese} tks ron.........
[10:56] {ese} price action tells me it's goin up for a few minutes
[10:57] {ese} may 5 earnings were good
[10:58] {dino} bid sm l .97
[10:58] {ese} out alj .26 +.21
[10:58] {dino} gj
[11:00] {ese} tks
[11:02] {RonS} lol...people saying raj had prior knowledge of the verdict
[11:03] {dino} whats verdict
[11:04] {RonS} 08:50 davd raj guilty
[11:04] {davd} please take me off ignore :O
[11:05] {ese} lol
[11:05] {nemo} send a check davd and I'll think about it
[11:08] {gregns} SLW break of 35 if stays above .85 ?
[11:09] {Threei}  I think so
[11:09] {gregns} ty
[11:17] {dino} tdsc break .40 l
[11:23] {Threei}  things stalled
[11:26] {dino}  dj reporting gasoline usage at 9 year low
[11:32] {nemo} I drove one of the main commuter corridors in the boston area yesterday at afternoon rush hour...clear sailing
[11:32] {dino} stec lod
[11:33] {dino} sweet
[11:34] {ese} and stec had a reasonable Q
[11:34] {Threei}  greg... I'd partiasl out here
[11:34] {dino} lowered q2
[11:34] {Threei}  if not just take profit
[11:35] {gregns} ty, already did
[11:35] {ese} ya......not by much but it only takes a little these days to get brutalized
[11:35] {dino} yeah. bloody earnings
[11:50] {_samire} Threei.....do you have a lifetime membership ?
[11:50] {Threei}  hmmm
[11:50] {nemo} to the room Vad
[11:51] {Threei}  mine is...
[11:51] {nemo} pretty good samire
[11:51] {Threei}  lol
[11:51] {_samire} yes
[11:51] {Threei}  there are two options
[11:51] {Threei}  http://www.realitytrader.com/tradingroom/order.html
[11:52] {Threei}  lifetime would be about half million I think, but you'd have to gamble on my personal life expectation
[11:52] {nemo} there's a conditional trigger also samire called the "nemo" membership
[11:52] {davd} he drinks alot of vodka and eats a lot of donuts
[11:52] {ese} IL...nice move
[11:52] {Threei}  'cause if bus hits me tomorrow, good luck getting your money back from local transport agency
[11:52] {nemo} once you reach that pain in the ass level you have to pay more
[11:53] {Threei}  they never refunded anyone for unused bus ticket
[11:53] {_samire} i have a life time member ship to  ...
[11:53] {nemo} Vad always drank
[11:53] {nemo} but since I've been here
[11:53] {nemo} his liver can't get through a metal detector
[11:53] {_samire} but it is not great
[11:53] {_samire} i will trade it with you
[11:53] {Threei}  well... doesn't it tell you everything you need to know about such memberships? :)
[11:54] {_samire} yes
[11:54] {_samire} i will give this and take yours
[11:55] {Threei}  how much do they charge for lifetime?
[11:55] {_samire} i will e-mail u password
[11:55] {_samire} $ 999
[11:55] {Threei}  why do I need their membership, lol
[11:55] {_samire} so u can give me yours
[11:55] {Threei}  ummm...
[11:55] {Threei}  how do I put it softly
[11:55] {_samire} look at home page....very fancy
[11:56] {Threei}  I don't trade what I have for what I don't need
[11:56] {Threei}  soft enough? :)
[11:56] {_samire} dollar bills every where
[11:56] {nemo} GFY
[11:56] {Threei}  yup... fancy :)
[11:56] {_samire} buy the picture
[11:57] {_samire} it is hard to sell u some thing
[11:57] {Threei}  why... it's very easy
[11:57] {Threei}  offer me something I need
[11:57] {Threei}  bam, sold
[11:57] {RonS} sucked me in to looking at gfy nemo...
[11:57] {Threei}  rofl
[12:00] {_samire} do you normally take most of your trades in the first 2 hours  ?
[12:00] {Threei}  well, market activity is concentrated in this time frame lately
[12:01] {Threei}  but when things change, so do we
[12:01] {_samire} good answer
[12:04] {RonS} oil looking to crack below 100
[12:05] {RonS} now 99.75
[12:11] {RonS} cme halted oil trading
[12:11] {Threei}  gorever I hope
[12:11] {Threei}  forever
[12:11] {Threei}  oh... 5 mi only
[12:11] {RonS} 5 min halt now over
[12:11] {dino} someone blowing up
[12:12] {RonS} oil dropping 99.56
[12:12] {davd} someone not blowing up
[12:14] {dino} one lost 400 m on oil last week
[12:16] {Threei}  too bad just one
[12:18] {Threei}  panic
[12:18] {RonS} huge es fute buyers showing up
[12:18] {Threei}  I don't see singnificant news for this... other than Portugal bailout is getting more or less appreoved in Germany and Finland
[12:19] {davd} dollar at 10 day high
[12:19] {davd} es?
[12:19] {RonS} moniker for spx futes
[12:22] {davd} buyers meaning going long
[12:22] {davd} ?
[12:23] {davd} i want to know what you mean please?:/
[12:23] {dino}  buyers showing big bids
[12:23] {davd} ty
[12:23] {RonS} service i use tracks algo activity...when huge buyers or sellers show it it almost always indicates the end of the move
[12:24] {RonS} ...but sometimes they get overwhelm...it is a 90% er
[12:24] {RonS} sorry...show up...
[12:24] {davd} aha thanks rons
[12:25] {davd} 1pm is 10yr treasury auction
[12:25] {RonS} in this case 1.2 mil contracts...
[12:29] {RonS} 720k buyer in the nq as well
[12:33] {RonS} dcc dave
[12:38] {dino}  irf sm l .65
[12:40] {davd} thanks ron.  looks like big move was signalled for now
[12:44] {jfjf64} cvx   .40  break
[12:44] {jfjf64} ??
[12:44] {RonS} always remember...i report what i deem significant...i am not predicting per se. we should all know nothing is for certain in the market.  especially when the guvmint chooses to jerk it around.
[12:44] {Threei}  .50 I'd orefer jf
[12:44] {RonS} dcc dave
[12:45] {Threei}  semiagressive
[12:45] {davd} that cool...  i use "imo"
[12:47] {RonS} that message was for the new people dave...don't want to lead anyone down the wrong path...:)
[12:47] {Threei}  why??
[12:47] {Threei}  come on Ron
[12:47] {Threei}  not only 9 out of 10 who take the stand want that,
[12:48] {Threei}  people who listen to them want to be led that path themselves
[12:48] {davd} i'm usually outdone by the dartboard approach :(
[12:48] {Threei}  that's because you resist it, davd...
[12:48] {jfjf64} cvx
[12:48] {Threei}  1:1, jf
[12:49] {jfjf64} ty
[12:49] {Threei}  beauty of aggressive entry
[12:49] {jfjf64} ty jf
[12:49] {jfjf64} lol
[12:49] {Threei}  lol
[12:49] {jfjf64} look daily
[12:49] {RonS} oil went to 100.25 and fell 98.75 in 5 min
[12:50] {jfjf64} ohh baby
[12:50] {Threei}  (EU) EU's Rehn: Reiterates Greece continues to live beyond its means; concerned about recent national debate trajectories
[12:50] {RonS} debate trajectory?...new one for me...
[12:52] {Threei}  euphemism for "uh oh, whole things falls apart"
[12:55] {davd} possible one of those rally when europe closes days?
[12:56] {Threei}  well, Europe closes but comments continue
[12:56] {Threei}  and these days it's mostly about what is said over there
[12:56] {Threei}  every yapping mouse from across the pond sends market up and down
[12:57] {Threei}  you done with CVX jf?
[12:57] {Threei}  nicely hit .25 for you
[12:57] {RonS} europe closed at 11:30 edt i think...
[12:57] {ese} gotta go all...cya friday......will not make it tomorrow....have a real late show tonight
[12:57] {RonS} cya ese
[12:57] {Threei}  havce fun ese
[12:57] {ese} ron vad
[12:58] {dino}  cya ese
[12:58] {Threei}  lol
[12:58] {Threei}  dino, you might just as well send a snail mail letter
[13:02] {Threei}  3 feds are speaking art the same time
[13:02] {Threei}  and auction
[13:02] {dino} guess so
[13:03] {RonS} O not joining party?
[13:04] {Threei}  not that I am aware of
[13:07] {RonS} nemo...any opinons of ery v. sco?
[13:11] {davd} i use dto - most liquid and options
[13:15] {Threei}  up or down from here?
[13:16] {Threei}  who has a feel?
[13:16] {gregns} up
[13:16] {Threei}  down for me... but I am firmly in "short everything" camp lately :0
[13:17] {davd} close up near vwap of 134.8 - imo
[13:17] {Threei}  if market starts downticking, I'd watch SCO for long
[13:35] {RonS} holy smokes...36 outside w/ rain/hail falling...
[13:36] {dino}  gaps 2375, 1335
[13:36] {Threei}  UUP new high
[13:36] {Threei}  SPY new low
[13:36] {Threei}  greg... I win
[13:36] {gregns} sure enough and sco did go
[13:38] {gregns} SLW did not hit new low,, bounce ready soon, a scalp ?
[13:39] {Threei}  probably... my heart is so not into long SLW though...
[13:46] {dino} panl sm l .67
[14:11] {dino} stopped
[14:24] {Threei}  was my heart about SLW or what
[14:24] {gregns} yup
[14:25] {RonS} oil to 97.60
[14:26] {Threei}  UUP continues higher of course, pushing them all down
[14:27] {Threei}  http://www.realitytrader.com/tradingroom/, bottom of the page now contains description of the room format
[14:28] {dino} tdsc amazes me, beats, raises, declares 2/1 split and drops 20
[14:28] {Threei}  no more excuse for trialers to ask what calls mean
[14:29] {nemo} think you should warn them about me?
[14:29] {Threei}  no, I want some suprizzes to exist
[14:29] {nemo} ahhh
[14:37] {gregns} that's a big surprise though, maybe rethink that one ??
[14:38] {Threei}  true greg, and don't think I took this lightly... but, aren't we entitled to have our fun? And agree, observing unprepared one meeting nemo for the first time IS fun
[14:39] {Threei}  just remember how many fainted
[14:40] {gregns} i am concerned now about your idea of fun?
[14:40] {davd} vwap 134.7 nemo?
[14:41] {nemo} just about
[14:42] {Threei}  well... and this is when I am sober
[14:42] {nemo} davd, that was in answer to you
[14:42] {nemo} ahhhh...Vad
[14:42] {davd} uso thus far bounced off its 200 dma
[14:42] {nemo} when is that?
[14:43] {Threei}  there... don't have to wait too long for the comeback, eh? :)
[14:43] {davd} oh, i thought you had a different vwap for when you are drunk
[14:43] {Threei}  rofl
[14:43] {Threei}  good one davd
[14:50] {dino} vtus drop
[14:55] {Threei} Long Setup:  SLW  34 break
[14:55] {Threei}  and don't think it's easy for me to type that
[14:56] {nemo} you meant short, right?
[14:57] {Threei}  nope...
[14:57] {_samire} no
[14:57] {Threei}  UUP is pulling back some
[14:57] {nemo} samire...wtf
[14:57] {Threei}  took .91 aggressive
[14:57] {nemo} nice vad
[14:57] {Threei}  stop .84
[14:57] {nemo} btu
[14:57] {Threei}  not much risk
[14:57] {nemo} sorry
[14:58] {Threei}  gotta give it a chance
[15:00] {_samire} nemo......you know wf  ???
[15:00] {_samire} water fall
[15:00] {nemo} cute
[15:00] {_samire} have you listened to GSP before ?
[15:01] {nemo} what is GSP?
[15:01] {_samire} great stock pix
[15:01] {_samire} he plays water fall
[15:02] {nemo} oh, on the website?  that's cool
[15:05] {_samire} did Vad took SLW ?
[15:06] {Threei}  14:57] {Threei} took .91 aggressive
[15:06] {Threei}  [14:57] {Threei} stop .84
[15:06] {_samire} ok...thanx
[15:08] {nemo} LVS
[15:08] {Threei}  half out
[15:09] {Threei}  beauty of aggressive entries
[15:09] {dino} gj
[15:10] {Threei}  ty
[15:10] {Threei}  stop to .89
[15:25] {davd} vwap 134.67
[15:25] {Threei}  sober version?
[15:25] {davd} buzzed version, i needed a shot after watching silver
[15:26] {Threei}  right
[15:26] {_samire} Vad....you are very bad (Good)
[15:27] {Threei}  I don't mind
[15:28] {_samire} You take the right trades
[15:29] {Threei}  that's what I do...
[15:30] {dino} cnc spike
[15:31] {dino} 4 bucks
[15:31] {Threei}  camceled conference appearance
[15:31] {Threei}  ok SLW, it's tme
[15:31] {davd} gold almost filling the gap
[15:52] {dino} rally into close?
[15:52] {Threei}  rally... hardly... :0
[15:52] {Threei}  meek bounce
[15:52] {nemo} not much more
[15:54] {dino} tell me how you really feel, lol
[15:56] {Threei}  OK guys
[15:56] {Threei}  thank you all
[15:56] {Threei}  have a good evening, see you tomorrow
[15:57] {larisa} bye :)
[15:57] {dino} cya 3i