Session Time: Thu Jun 02 00:00:00 2011
[08:35] {Threei} *(US) INITIAL JOBLESS CLAIMS: 422K V 417KE; CONTINUING CLAIMS: 3.711M V 3.68ME
[08:36] {Threei} - Prior Initial Jobless Claims revised higher from 424K to428 K
[08:36] {Threei} - Prior Continuing Claims revised higher from 3.690M to 3.712M
[08:36] {Threei} - 4 week avg claims:426K v 440K prior
[08:36] {Threei} recovery you say
[09:15] {Threei} ok... probably time to start waking up
[09:15] {Threei} watching SLW consolidation range
[09:15] {rizvisy1} gm
[09:15] {Threei} riz :)
[09:15] {RonS} yes...gm
[09:15] {Threei} ron :)
[09:18] {dino} gm all
[09:19] {RonS} sorry but this upsets me...thievery and corruption abounds...the ed stock ruling was foretold in unusual call buying yesterday in apol et al
[09:19] {Threei} dino :)
[09:20] {RonS} reported on cnbc last night...and the government has exempted themselves from prosecution on this
[09:21] {RonS} hacks me off and i was not short...
[09:21] {dino} god thing
[09:22] {Threei} FCX is on watch too
[09:22] {dino} good
[09:22] {Threei} first idea on bot is short
[09:23] {Threei} small gap up feels to me so far as a reflexive reaction to all the selling yesterday, with selling pressure resuming very soon
[09:23] {nemo} Short: SLW
[09:24] {nemo} nahhh...keep going up the thinking being....
[09:24] {nemo} nah, that's not gangrene, it's just a bruise
[09:25] {dino} pop and drop imo
[09:26] {ese} morning
[09:26] {Threei} ese :)
[09:27] {RonS} ese, dndn got an upgraded from gs...16 mil sh short...could break out and run...
[09:27] {jfjf64} mornin
[09:27] {Threei} jf :)
[09:28] {RonS} gs pegged dndn $50 target
[09:28] {ese} tks ron....will deep an eye out
[09:30] {Threei} Short Setup: SLW 36 break
[09:30] {Threei} stop above .10
[09:31] {gregns} repeat that pls
[09:31] {gregns} the call pls
[09:31] {Threei} ?
[09:31] {nemo} {&Threei} Short Setup: SLW 36 break
[09:31] {gregns} tks
[09:32] {jfjf64} coformation
[09:32] {jfjf64} lol
[09:32] {ese} huh
[09:32] {nemo} oy, buying on the bid it breaks .o4 not good
[09:33] {Threei} stopped
[09:35] {Threei} Short Setup: RIMM .45 break
[09:35] {Threei} if stays under .55
[09:35] {Threei} two-sided
[09:36] {Threei} long it is
[09:38] {Threei} wow
[09:38] {gregns} how strong it is
[09:38] {jfjf64} wow it is
[09:38] {Threei} 1:2, get out
[09:38] {Threei} look at SPY
[09:39] {Threei} here is a sneak peak into economic disaster looming:
[09:39] {Threei} (CH) Former PBoC Advisor: Slowing economic growth might cause major systemic risks - financial press
[09:39] {Threei} - China needs to sustain 8% to 9% gdp over the next decade
[09:40] {Threei} The Goldman Sachs Group Inc Spokesperson: cooperating fully with subpoena received from NY state prosecutor last week
[09:40] {Threei} - REMINDER on 5/19: Expected to soon receive a subpoena from prosecutors in the US related to the firm's mortgage business - US financial press
[09:40] {Threei} was it perfect exit on RIMM or what?
[09:40] {rizvisy1} I really need to understand two-sided?
[09:40] {gregns} yup
[09:40] {jfjf64} yes
[09:41] {Threei} riz, two numbers are given,
[09:41] {Threei} in this case with RIMM:
[09:41] {Threei} .45 and .55
[09:41] {rizvisy1} yes...
[09:41] {Threei} break of .45 is short with stop above .55
[09:41] {Threei} break of .55 is long with stop under .45
[09:42] {rizvisy1} ok, got it thanks
[09:42] {Threei} whichever side triggers first, determines the play
[09:42] {Threei} while of course invalidating the other
[09:42] {Threei} thus, after .55 break I said
[09:42] {Threei} [09:36] {Threei} long it is
[09:43] {Threei} ok, here is interesting thing
[09:43] {Threei} SPY is tanking
[09:43] {Threei} no stock follow
[09:43] {jfjf64} hmm
[09:43] {Threei} TZA or ERY seem to be the only valid way to play this
[09:43] {dino} tfm
[09:43] {rizvisy1} what is entry point since it already climbed well above .55 for long
[09:43] {Threei} .55 break is trigger
[09:44] {Threei} when it climbed "well above" it's time to exit
[09:44] {Threei} thus the comment:
[09:44] {ese} dino coco is acting up.....
[09:44] {jfjf64} gs tanking
[09:44] {Threei} [09:38] {Threei} 1:2, get out
[09:44] {rizvisy1} yes make sense..
[09:44] {Threei} overall, you don't chase more than 1-3 cents above trigger
[09:45] {Threei} BAC Moodys puts BoA, Citi and Wells Fargo ratings on review for potential downgrade
[09:45] {jfjf64} dv .10 break
[09:45] {jfjf64} short
[09:46] {ese} linc as well
[09:46] {jfjf64} no clean set up
[09:46] {ese} US Dept of Education to officially releases new "gainful employment" rules today (update)- The Dept of Education disclosed details of the new gainful employment rules to Congressional staffers last night. To qualify for federal student aid, students at for-profit schools must meet one of the three following criteria:
[09:46] {ese} At least 35% of former students must be paying down their loan balances by at least $1. Previously the repayment rate was above 45%. Programs fell into a "danger zone" with rates between 35% and 45%. - A typical graduate's loan payment cannot exceed 30% of discretionary income. Previously graduate debt burdens limits were 20% of discretionary income. - A typi
[09:47] {ese} - A typical graduate's loan payment cannot exceed 12% of total earnings. Previously it was 8% of total income Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[09:47] {Threei} banks are tanking
[09:47] {ese} why would this send ed stocks up
[09:48] {ese} so are spyders
[09:48] {Threei} not delighted - thiese spikes occur without setups
[09:48] {jfjf64} clean up is upon us
[09:48] {Threei} let's see if we can catch WFC short into bounce
[09:49] {dino} has sm l .41
[09:50] {davd} goldman subpoena civil
[09:50] {Threei} alternatively, FAZ long on pullback
[09:50] {Threei} davd, seriously... take me off ignore, will ya
[09:51] {Threei} 09:40] {Threei} The Goldman Sachs Group Inc Spokesperson: cooperating fully with subpoena received from NY state prosecutor last week
[09:51] {Threei} [09:40] {Threei} - REMINDER on 5/19: Expected to soon receive a subpoena from prosecutors in the US related to the firm's mortgage business - US financial press
[09:51] {samire} Dino...I know HAS is a stock...what do u mean by saying sm ?
[09:51] {dino} sm=400 shares
[09:52] {samire} long ?
[09:52] {dino} l=long
[09:52] {dino} yes
[09:52] {RonS} l= long
[09:52] {samire} just making sure
[09:52] {Threei} FAZ
[09:52] {RonS} sm= small
[09:52] {Threei} 46 support
[09:52] {davd} damn:(
[09:52] {samire} Thanks Dino
[09:52] {dino} np=no problem
[09:53] {Threei} WFC no bounce to speak of
[09:53] {davd} moodys ratings of banks under review
[09:54] {RonS} lol
[09:54] {Threei} shoot me now
[09:54] {RonS} rotflol
[09:54] {Threei} how did I manage to get on a bad side of davd that deeply, I've no idea :)
[09:56] {Threei} Short Setup: WFC .55 break
[09:56] {Threei} if stays under .65
[09:56] {Threei} not a scalp
[09:56] {Threei} targeting 1:3
[09:57] {samire} stop is always 10 cents above ?
[09:57] {Threei} no, but I try to pick the charts that provide this size
[09:59] {_taxx31} wfc short still on ?
[09:59] {Threei} Bank of New York Company Inc Moodys changes outlook to Negative from Stable
[09:59] {davd} not on my bad side - :D
[09:59] {Threei} they are really moody on banks today
[09:59] {Threei} yes taxxxx
[10:00] {rizvisy1} so many xxxxx
[10:00] {Threei} stop is above .65 on it
[10:00] {Threei} *(US) APR FACTORY ORDERS: -1.2% V -1.0%E
[10:00] {_taxx31} i could have scalped .10 on BAC this morning and now im on the downside by .10 but it was a longer term hold anyway
[10:01] {Threei} I am not a long term hold fan or expert, but why would you want to hold it, I can't imagine
[10:01] {Threei} disgusting chart
[10:02] {dino} thrx sm l .82
[10:02] {_taxx31} oversold.
[10:02] {Threei} ah, that
[10:02] {Threei} trend follower's mantra:
[10:03] {_taxx31} .50s hitting on wfc
[10:03] {Threei} oversold gets overdoler before it gets oversoldest, and then sells some more
[10:03] {Threei} 1:1, half out
[10:04] {RonS} wfc .56 to .40 thanks 3i
[10:04] {Threei} :)
[10:04] {samire} we got stoped on wfc .66
[10:05] {_taxx31} u got quick trigger finger ron
[10:05] {_taxx31} barely saw the .40 print
[10:05] {Threei} offer never went above stop level, those were erroneous prints
[10:05] {Threei} or rather out of market prints
[10:05] {Threei} are you using automated stops samire?
[10:05] {RonS} had limit order in tax...got lucky...
[10:06] {Threei} taxx, there was prints under .40
[10:06] {Threei} it went to .37
[10:06] {RonS} yep
[10:06] {samire} yes
[10:06] {Threei} yikes
[10:06] {Threei} those will get you more often than help you
[10:06] {Threei} why do you need them?
[10:07] {samire} i made up with thrx from Dino
[10:07] {Threei} you are right here, watching your trade, can't you execute manually?
[10:07] {samire} thanks Dino
[10:07] {dino} gj ron, lay out, its what i do too
[10:07] {dino} gj samire
[10:07] {samire} i can
[10:07] {Threei} out of bounds prints will trigger automated stops
[10:08] {Threei} while manual execution keep you in control
[10:08] {samire} Dino for world president 2012
[10:08] {RonS} watcha thinkin tgt thrx dino?
[10:08] {_taxx31} wfc broke .55 again
[10:08] {dino} .32
[10:08] {Threei} it doesn't mean anything this time taxx
[10:08] {Threei} there is no setup here
[10:09] {dino} .12 at min ron
[10:09] {dino} sitting at .32
[10:14] {ese} we say that in music....when in doubt....lay out
[10:16] {Threei} Long Setup: SLW .10 break
[10:17] {Threei} if stays above .05 for superduperextrascalpers, above 36 for sane traders
[10:18] {_taxx31} 36 ? isnt that .75 below
[10:18] {_taxx31} oh nvm
[10:18] {_taxx31} lol 36$
[10:18] {Threei} don't like these sharp spikes today
[10:19] {Threei} very nervous market
[10:19] {dino} and drops
[10:19] {Threei} yesterday's selling was orderly, provided for many easy setups
[10:19] {Threei} today it's chaos
[10:21] {jfjf64} cost
[10:21] {jfjf64} ?
[10:21] {jfjf64} .15 break
[10:21] {Threei} yes
[10:22] {Threei} two day's support .14
[10:24] {Threei} cover first part here
[10:24] {jfjf64} half here
[10:24] {jfjf64} yes
[10:24] {Threei} stop .21
[10:24] {_taxx31} i meant to sell BAC and i bought MORE OMG
[10:24] {Threei} what's your average price taxx?
[10:25] {_taxx31} ok i got out flat
[10:25] {_taxx31} luckily i was in at .24
[10:25] {_taxx31} accidentally bought .19 ....flat was .215
[10:25] {_taxx31} got out .21
[10:27] {_taxx31} vad
[10:27] {_taxx31} SLW dropping like a rock
[10:28] {Threei} yes?
[10:29] {nemo} silver dropped like rock
[10:30] {jfjf64} done 2nd piece cost
[10:32] {davd} fas green
[10:33] {_taxx31} i sell bac for a flat and now it goes green. =)
[10:33] {Threei} taxx... pause for a minute and listen
[10:33] {Threei} you don't trade on hunch, on price you like or chicken entrails
[10:33] {Threei} you trade on valid setups
[10:33] {Threei} was there a setup for your entry?
[10:34] {Threei} was stop set properly?
[10:34] {Threei} was it hit?
[10:34] {Threei} was target reached?
[10:34] {_taxx31} no no no
[10:34] {Threei} there you go
[10:34] {Threei} it's irrelevant what happened after
[10:34] {Threei} it's irrelevant that some price point appeared
[10:35] {Threei} one, and only one thing matters:
[10:35] {Threei} market instructed you to eneter and exit through certain action or not
[10:35] {_taxx31} thank you
[10:35] {Threei} determine what that action is,
[10:35] {Threei} how you read those instructions and how you react on them
[10:35] {Threei} For us, it's a chart configuration
[10:36] {Threei} where we have determined our triggers, stops and targets
[10:36] {Threei} every call we make here is based on those
[10:36] {Threei} whatever stock does in this or that trade is irrelevanrt,
[10:36] {Threei} any given trade may or may not work
[10:37] {Threei} but applying these setups for 11 years of this room existence we have consistent profiuts
[10:37] {_taxx31} yes sir
[10:37] {nemo} wow, he called you "Sir"
[10:38] {nemo} somebody get the smelling salts
[10:38] {Threei} some people are plite nemo
[10:38] {Threei} polite
[10:38] {nemo} some can type also
[10:38] {Threei} I know it's a new concept for you {G}
[10:38] {Threei} just as typing for me
[10:38] {nemo} remember that request for masochism?
[10:39] {Threei} watch SLW for dive under .80, staying above .70 and recross of .80 for long
[10:39] {davd} yes, but "sir" in russian means something else
[10:40] {Threei} close to "cheese" but pronounced a bit differently
[10:40] {dino} uvv sm l .90
[10:41] {Threei} SLW, never mind that
[10:43] {samire} Dino....UW is not a valid symbol
[10:44] {Threei} U V V
[10:44] {samire} thanx
[10:45] {dino} lol
[10:47] {ese} got a live one i think dino.....VRA.....give me your opinion on the news seems ok to me
[10:48] {dino} ok
[10:48] {nemo} ftnt
[10:48] {ese} dn 6 bills too
[10:48] {nemo} spready
[10:48] {ese} y true nemo
[10:49] {nemo} 39.50 area
[10:49] {samire} where is your stop Dino on U V V
[10:49] {nemo} could hold here as the range break
[10:49] {dino} dk ese, they were raggin' it on cnbc this am
[10:49] {dino} .59 samire
[10:50] {dino} lets try sm l break .00
[10:50] {ese} L .86 vra
[10:51] {ese} sm 300
[10:51] {ese} stop .49
[10:52] {dino} took .95
[10:53] {dino} no follow thru today
[10:53] {ese} that 60K volume spike helped me make up my mind...capitulation
[10:54] {Threei} feels to me like selling is about to return in the market
[10:55] {dino} random dance market
[10:56] {Threei} today, yes
[10:56] {Threei} a bit confused, looking around and not knowing which way to go
[10:56] {nemo} range day so far
[10:57] {Threei} asking "how to determine where the south is by looking at the tree"
[10:57] {Threei} and hearing back: if tree is a palm tree, south is right here
[10:57] {Threei} Short Setup: SLW .70 break
[10:58] {Threei} if stays under .80
[10:58] {Threei} Short Setup: RIMM .80 break
[10:59] {Threei} if stays under .90 of course
[11:00] {Threei} *DOE CRUDE: +2.9M V -1ME; GASOLINE: +2.6M V +500KE; DISTILLATE: -1.0M V -500KE;
[11:01] {dino} wow bap
[11:02] {Threei} SLW 1:1, half out
[11:02] {Threei} stop to .81
[11:03] {Threei} sorry, .71
[11:03] {dino} vra stopped
[11:04] {ese} stopped vra
[11:04] {ese} daaaaaaaaaaaa
[11:04] {Threei} RIMM, tighten stop top .86
[11:04] {Threei} was too close to 1:1
[11:05] {Threei} closed RIMM
[11:05] {dino} tfm sm l .01 "pulp"
[11:06] {ese} L tfm .97
[11:07] {Threei} SLW 1:3
[11:07] {Threei} feel fee to close the trade
[11:08] {ese} you called it chief.......mrkt selling off
[11:08] {Threei} taxx, to cite an example of how the approach described earlier works
[11:08] {Threei} two calls, both based on valid setups and general market read,
[11:08] {Threei} one gets stopped for 7 cents
[11:09] {Threei} another works for 30 cents
[11:09] {Threei} 40 actually, but we exited already
[11:09] {Threei} RIM rinsed
[11:09] {_taxx31} yep
[11:09] {_taxx31} ty
[11:10] {Threei} so this is just what you do.. go with valid setups and let market tell you what it is, stop or win,
[11:10] {Threei} take either with no emotions
[11:10] {_taxx31} 1:4 out
[11:10] {Threei} aside from occasional spitting in the monitor
[11:10] {ese} strange things happenin.........and only the shadow knows for sure.......
[11:10] {Threei} for which cae you need a monitor with wipers
[11:10] {ese} lol
[11:10] {nemo} I start beating the bunny
[11:11] {ese} for spitin on it or cryin on it?
[11:11] {Threei} and over time it's going to work for you in a consistent string of wins interrupted by occasional replacementof wiper blades
[11:11] {Threei} SLW 1:5
[11:11] {Threei} crap, that was a milk trade
[11:11] {Threei} time for wipers
[11:12] {Threei} but RIMM{ jeez
[11:12] {_taxx31} SLW 1:5 all out
[11:12] {Threei} that was so wrong on it's part to rinse us
[11:12] {_taxx31} tyyyyyyyyy
[11:12] {ese} L vra .96
[11:12] {Threei} welcome sir
06[11:12] * Threei can be polite too... although rarely
[11:12] {_taxx31} still no green candle on the 2s
[11:12] {_taxx31} but i took the 1:5
[11:12] {_taxx31} 1:7
[11:12] {Threei} good
[11:12] {_taxx31} lol
[11:12] {Threei} be reasonable
[11:13] {_taxx31} yeah im already out but this is hitting 1:7 ... should bounce
[11:13] {Threei} trading is like breathing
[11:13] {Threei} inhale and exhale
[11:13] {Threei} don't hold your breath for too long, or you'll go blue in face
[11:13] {nemo} gonna test index lows
[11:13] {_taxx31} ill be back 1 hr.
[11:13] {_taxx31} got some house things to do
[11:13] {Threei} I'd say this SLW drop is morw than enough to exhale
[11:13] {_taxx31} ty vad
[11:14] {Threei} welcome
[11:14] {Threei} we will be here in an hour too
[11:14] {Threei} although may be in coma
[11:15] {_taxx31} last comment before i take a break
[11:15] {_taxx31} these are all shorts coming through on SLB
[11:15] {_taxx31} 100 shares
[11:16] {_taxx31} SLW*
[11:16] {_taxx31} sry
[11:16] {dino} f'ing vra partial fill l .00
[11:16] {ese} out vra .30
[11:16] {Threei} I don't understand what you mean
[11:16] {Threei} wtg ese
[11:17] {ese} that was a "grrrrrrrrrrrrrrr" trade.......take that you baaassssstad
[11:17] {dino} gj
[11:17] {ese} still dn .02 in it though grrrrrrrrrrrrrrrrrrr
[11:17] {Threei} (SP) Negotiations between Spanish unions and employers have broken down - financial press***Note that earlier today the Spanish PM said the govt would approve wage rules on June 10th with or without a union deal.
[11:19] {ese} out tfm .31 +.34
[11:19] {dino} gj
[11:20] {ese} tks....3/4 so good enough
[11:23] {dino} tfm to .34
[11:24] {ese} ridem cowboy dino!!!
[11:24] {Threei} so far initial market read wasa right
[11:24] {Threei} [09:23] {Threei} small gap up feels to me so far as a reflexive reaction to all the selling yesterday, with selling pressure resuming very soon
[11:24] {Threei} now, if we make new lows, we have a good chance of selling panic returning,
[11:25] {Threei} and today becoming a repetition of yesterday,
[11:25] {Threei} relentless selling with no, ummm, relenting
[11:26] {ese} lol........thats good ....i like that
[11:27] {dino} to .39 tfm
[11:28] {dino} here comes dji new lod
[11:28] {dino} out tfm +.38
[11:28] {Threei} QID, TZA, ERY
[11:28] {Threei} pick your poison
[11:28] {ese} "looooooooooook ouuuuuuuuuuuut beeeeeeeeeeelow"!
[11:29] {ese} good one dino
[11:29] {dino} has stop -.22
[11:30] {dino} s/p lod
[11:32] {Threei} anyone went for ay of these breaks?
[11:32] {dino} out uvv .02, +.12
[11:33] {Threei} Ireland govt discloses 10.2B budget deficit as of the end of May
[11:34] {Threei} TZA is a pure unadultered beauty
[11:34] {nemo} missed that call
[11:35] {Threei} well, you and davd...
[11:36] {nemo} yeah,,,taking a beating today takin a break
[11:37] {Threei} well, as I said before... ignore me at your own peril
[11:38] {dino} messing w/the trading gods vad
[11:38] {Threei} see, sooner or later their wrath will be felt anyway,
[11:38] {rizvisy1} .
[11:38] {Threei} so meanwhile I can have little fan :)
[11:39] {Threei} fun too
[11:40] {dino} tfm sm l ave .03
[11:46] {jfjf64} kss
[11:46] {jfjf64} .30 short
[11:48] {jfjf64} take .22 out
[11:48] {nemo} mmhhhh...panic is in the air
[11:49] {jfjf64} comonnnnnnnnnnn
[11:49] {jfjf64} half out
[11:50] {jfjf64} stop b/e 2nd piece
[11:52] {Threei} wtg
[11:52] {_pragmatic} wtg ?
[11:52] {Threei} way to go
[11:52] {_pragmatic} ah
[11:52] {rizvisy1} .
06[11:53] * Threei offers a new service: [09:23] {Threei} small gap up feels to me so far as a reflexive reaction to all the selling yesterday, with selling pressure resuming very soon
[11:53] {Threei} [11:24] {Threei} now, if we make new lows, we have a good chance of selling panic returning,
[11:53] {Threei} [11:25] {Threei} and today becoming a repetition of yesterday,
[11:53] {Threei} [11:25] {Threei} relentless selling with no, ummm, relenting
[11:53] {Threei} oops
[11:53] {Threei} that's wrong paste
[11:53] {Threei} here is right one:
[11:53] {Threei} http://www.abbreviations.com/bmc.aspx?c=INTERNET
[11:53] {jfjf64} comon kss
[11:54] {jfjf64} 51.00
[11:54] {Threei} also, here is my favorite joke of late:
[11:54] {jfjf64} 1/4 here
[11:55] {Threei} http://lmgtfy.com/?q=wtg
[11:55] {jfjf64} stop .21
[12:01] {dino} .
[12:01] {RonS} -
[12:02] {Threei} \|/
[12:02] {jfjf64} stop .08
[12:04] {Threei} pretty much sums up my view:
[12:04] {Threei} http://tinyurl.com/5wmoaop
[12:04] {jfjf64} all done 51.00
[12:05] {jfjf64} ah breath
[12:05] {Threei} hmmm
[12:05] {Threei} why?
[12:05] {dino} tfm stop -.32
[12:05] {jfjf64} iwas turnin blue
[12:05] {Threei} if you took two partials, you are secure,
[12:05] {Threei} the thing hasn't been able to bounce whil,e market did
[12:05] {Threei} those two partials are exhales
[12:05] {nemo} did you make another call vad?
[12:05] {jfjf64} it was stupid
[12:06] {Threei} I'd give it a chance with stop being trailed where you have
[12:06] {Threei} no nemo, commenting on jf's call on KSS
[12:06] {jfjf64} i did twice today cost earlier
[12:06] {jfjf64} grr
[12:06] {jfjf64} look this
[12:06] {Threei} it's different
[12:07] {Threei} back then we were in chaotic period
[12:07] {Threei} not market pretty much settled in a pattern of selling pressure with weak bounces
[12:07] {Threei} not = now
[12:07] {jfjf64} i kept saying to self market bounce
[12:07] {jfjf64} kss no bounce
[12:07] {Threei} market did, yes,
[12:07] {Threei} but look how KSS didin't
[12:08] {jfjf64} yess
[12:08] {jfjf64} stop sd be 51.00
[12:08] {jfjf64} here
[12:08] {Threei} this kind of tghings scream at me "hold it for more"
[12:08] {jfjf64} last 1/4
[12:08] {Threei} well, 51.05
[12:08] {ese} L qpsa .40
[12:08] {jfjf64} yes
[12:08] {jfjf64} look daily
[12:09] {jfjf64} demons of buisness
[12:09] {jfjf64} 4 me
[12:11] {dino} reverse your thinking
[12:14] {Threei} to non-thinking
[12:15] {jfjf64} it does work best
[12:15] {dino} yes, or expect to lose
[12:21] {dino} vra to .59
[12:22] {rizvisy1} 3i indicies are rising due to UUP effect?
[12:23] {dino} to .64
[12:23] {rizvisy1} any thoughts?
[12:23] {davd} vix red
[12:24] {dino} to .70
[12:25] {dino} stop vra .71, +.71
[12:27] {Threei} part of it riz
[12:27] {rizvisy1} thnx
[12:27] {Threei} overall, it's just meaningless technical up and down
[12:27] {rizvisy1} ya agree
[12:27] {Threei} nothing goes one direction in a straight line
[12:27] {dino} imo, does not matter why, just trade it
[12:28] {_taxx31} lol SLW short went 1:10 haha wow
[12:29] {Threei} dino's very, umm, _pragmatic
[12:30] {Threei} but this is right... it's not like uptick and downtick has a reason beyond simple buyers and sellers' imbalance
[12:31] {dino} k.i.s.s. rule
[12:33] {_taxx31} hey Vad
[12:33] {_taxx31} i was about to short SLB at 84.00
[12:33] {_taxx31} i went to put order in ... next thing its at 83.82
[12:34] {_taxx31} this always happens to me this stock...i know it inside out...when its going to bounce and retreat
[12:34] {_taxx31} and before it hits it always reverses too fast for me
[12:34] {_taxx31} now @ 83.79... :/
[12:34] {dino} tfm sm l .52
[12:35] {Threei} I sdon't see it moving all that fast
[12:35] {Threei} you shouldn't have such a hard time executing orders on it
[12:35] {Threei} unless you use TD for day trading
[12:35] {_taxx31} its much slower now
[12:37] {Threei} Short Setup: SLW 35 break
[12:37] {Threei} if stays under .10
[12:39] {rizvisy1} too fast
[12:39] {Threei} China Construction Bank Chairman: Expects to see CNY convertibility on captial accounts within five years; warns that Chinese housing market is a bubble
[12:39] {Threei} - Impact of decline in housing in China should be limited, given that leverage has been low.
[12:39] {Threei} - Expects USD to gain against EUR, believes the US will always be a good place to invest.
[12:39] {Threei} - Bank's overseas assets will amount to no more than 5% of total in five years, up from 2% presently.
[12:44] {Threei} no go
[12:44] {_taxx31} SLB struggling to break 84
[12:45] {dino} panl sm l .40
[12:46] {dino} tfm stop-.32
[12:47] {ese} been trying to milk tfm dino
[12:47] {Threei} (GR) EU officials have agreed in principle on a 3 year adjustment with limited private sector involvement - financial press citing sources
[12:47] {Threei} - Limits to private sector involvement for risk of credit events
[12:47] {Threei} - New agreement would involve international funding
[12:47] {Threei} - Reminder: Results from the Troika report on Greece are due tommorow
[12:50] {Threei} this is lifting markets noqw
[12:50] {Threei} now
[12:51] {Threei} hope the Greece collapse with be postponed
[12:51] {Threei} who cares that it will come anyway, and at much higher price
[12:51] {Threei} "not on my watch" is the principle
[12:51] {dino} trying ese, but tough
[12:55] {ese} ya can see that
[13:25] {_pragmatic} hello, anyone home ??
[13:25] {nemo} NO
[13:25] {nemo} GO AWAY!!!
[13:25] {Threei} sheesh... don't yell
[13:25] {Threei} woke me up
[13:25] {_pragmatic} :)
[13:26] {Threei} great... now he is smiling... sadist
[13:26] {_pragmatic} yeah. wake up and give use some good trades
06[13:26] * Threei digs in his box with fish to find the smelliest one
[13:27] {Threei} here it is
06[13:27] * Threei slaps _pragmatic around a bit with a very old, very dead and very stinky trout
[13:28] {_pragmatic} hate fish
[13:28] {Threei} oh good
[13:28] {Threei} that was effective choice on my part then
[13:28] {nemo} why don't you give him some spanish cucumbers Vad?
06[13:28] * Threei looks around, fish in hand, searching for someone else in urgent need of good trades
[13:30] {Threei} I am a fan of simple solutions, nemo... he hates fish, why would I look for anything else
[13:30] {Threei} I was right:
[13:30] {Threei} Euro vs US Dollar Extending gains to $1.4490 following press reports of a Greece resolution announcement expected tomorrow - 4-week highs
[13:31] {Threei} (US) Moody's states it could put US govt rating on downgraded review if there is no progress on debt limit
[13:31] {nemo} LTD
[13:31] {Threei} 'em are fightin' words
[13:38] {_taxx31} shorted SLB 1k @ $83.92
[13:38] {_taxx31} covered SLB 1k @ $83.78
[13:39] {Threei} not bad
[13:39] {Threei} I like setup too
[13:40] {_taxx31} ty sir
[13:40] {_taxx31} it rolled over on 5s
[13:41] {_taxx31} once it broke 84...i waited confirmation .95 then i jumped in
[13:41] {Threei} see nemo? "Polite conversation between gentlemen" - look it up
[13:41] {nemo} no
[13:41] {RonS} cbd...nuts dino
[13:45] {rizvisy1} .
[13:47] {dino} yes, played it yesterday
[13:56] {_taxx31} bought SLB 1k @ $83.84
[13:56] {_taxx31} sold SLB 1k @ $84.18
[13:57] {_taxx31} shorted down and bounced up caught it both ways
[13:57] {_taxx31} woooooooooooooooo
[13:57] {_taxx31} oh damn it exploded
[13:57] {Threei} market spiked
[13:58] {ese} gotta go all......am gonna hold qpsa to the end of the day
[13:58] {Threei} and this:
[13:58] {Threei} FCX S&P puts BBB- ratings on Watch Positive
[13:58] {Threei} take care ese
[14:01] {_taxx31} vad
[14:01] {_taxx31} i dont get that though... how does market just spike
[14:01] {_taxx31} lol people just decide..oh these reports came out..lets buy stock
[14:01] {_taxx31} idiots imo
[14:01] {Threei} shrug
[14:02] {_taxx31} vad SLB
[14:02] {_taxx31} short this thing
[14:02] {Threei} you want to study mass psychology to understand its underlying reasons, or to use it?
[14:02] {_taxx31} yeah
[14:02] {Threei} why would you want spiking stock with no setup?
[14:02] {Threei} how do you determine entry point, just by guess?
[14:02] {_taxx31} it just crossed daily high
[14:03] {Threei} so?
[14:03] {_taxx31} no MACD reversing
[14:03] {_taxx31} volume dying
[14:03] {_taxx31} level 2's
[14:03] {Threei} OK
[14:03] {Threei} our setups are different
[14:03] {_taxx31} it shot straight up...it has to have a trace back
[14:04] {Threei} all that is underlying iobservations
[14:04] {Threei} they have no major component:
[14:04] {Threei} timing
[14:04] {_taxx31} it spiked $0.70 on 70 thousand shares
[14:04] {rizvisy1} LVS good candidate too Vad...
[14:04] {_taxx31} yeah i guess
[14:04] {dino} panl boounce
[14:04] {Threei} there should be something determining exact entry point
[14:04] {_taxx31} look at chart now
[14:04] {_taxx31} first on 2s
[14:04] {_taxx31} then 5s
[14:04] {rizvisy1} resistance at .31 for LVS
[14:05] {rizvisy1} ur thoughts?
[14:05] {Threei} otherrwise you may enter such spike short at any point during this spike,
[14:05] {Threei} all the way from 84 to 84.70
[14:05] {_taxx31} no i wait for first red candle on 2s
[14:05] {_taxx31} then switch to 5s for confirmation of chart rollover
[14:05] {Threei} none here riz, no setup yet
[14:05] {_taxx31} and for a scalper that will get u .10 on a stock like SLB
[14:05] {Threei} OK
[14:06] {Threei} I ave a request for you
[14:06] {Threei} post your trades if you wish, this is always welcome
[14:06] {Threei} play ours,
[14:06] {_taxx31} i do today
[14:06] {_taxx31} i play those too :D
[14:06] {Threei} ask questions if you have them,
[14:06] {Threei} but don't insist that we change what and how we trade
[14:07] {_taxx31} no i havent done that at all sir
[14:07] {Threei} we do it long enough to stay with our mehtods
[14:07] {_taxx31} none whatsoever
[14:07] {_taxx31} im here to learn and trade by your methods
[14:07] {_taxx31} on the side..i do what i like as well
[14:11] {Threei} Short Setup: CAT .50 break
[14:11] {Threei} half lot
[14:11] {Threei} if stays under .60
[14:12] {rizvisy1} _taxx31
[14:13] {Threei} another market spike
[14:13] {Threei} don't like today at all
[14:15] {Threei} no go
[14:16] {_pragmatic} I asked for the good ones
[14:16] {_pragmatic} :`)
[14:16] {Threei} bt then you left
[14:16] {Threei} and we had 5 good ones
[14:17] {dino} out thrx .12, +.30 all dayer
[14:17] {Threei} (GR) EU officials denying press speculation of an imminent private sector deal on another Greece aid package
[14:18] {Threei} crap
[14:18] {dino} drop
[14:18] {Threei} these news-caused spikes
[14:18] {Threei} look at CAT
[14:18] {dino} they need to all shut the hell up
[14:25] {_taxx31} SLB from 84.60s to 84.00 .... 1:6 ...short ..haha vad told you man
[14:25] {_taxx31} didnt play it tho
[14:25] {_taxx31} :)
[14:29] {davd} spy at vwap
[14:32] {patience} .
[14:32] {dino} enmd
[14:33] {RonS} EntreMed ENMD-2076 Phase 2 Data to Be Presented at ASCO Annual Meeting
[14:35] {dino} ty
[14:35] {RonS} ovarian cancer drug...
[14:42] {Threei} up or down?
[14:43] {Threei} if up,
[14:43] {Threei} Long Setup: SLW .50 break
[14:43] {Threei} and
[14:43] {Threei} Long Setup: LVS .40 break
[14:44] {rizvisy1} slw
[14:54] {rizvisy1} in LVS .40
[14:56] {rizvisy1} huh kicks at bottom..
[14:57] {RonS} dino tyc
[14:57] {Threei} Groupon files $750M IPO- Expect to apply under the symbol "GRPN"
06[15:01] * Threei kicks LVS in the rear
[15:01] {Threei} 1:1
[15:01] {rizvisy1} badly required ..
[15:01] {Threei} violence works
[15:01] {Threei} as always
06[15:01] * Threei kicks LVS in the rear with heavy duty steel toe army boots
06[15:02] * Threei slaps _pragmatic around a bit with a fufilled request for a good trade
[15:04] {dino} tyc moodys up
[15:07] {_pragmatic} need to take a shower. smell like a fish
[15:07] {Threei} sorry... that's unavoidable side effect of being slapped with one
[15:10] {Threei} Short Setup: SLW .35 break
[15:11] {Threei} what an unpleasant symbol: RDNT
[15:12] {nemo} leave the bunny alone
[15:14] {Threei} maybe le's modify it
[15:15] {Threei} .40 break
[15:15] {Threei} stop above .50
[15:15] {Threei} semi-agressive
[15:15] {nemo} for what, slw?
[15:15] {nemo} riding vwap
[15:15] {Threei} wat else... we don't tarde your rabbit, per your demand
[15:16] {nemo} oh...she's so cute
[15:16] {nemo} she's worth more than $5, eve if you were going to eat her
[15:18] {dino} lol
[15:19] {jfjf64} lets go baby
[15:19] {Threei} this one is not a scalp
[15:19] {jfjf64} dieeeeeeeeeeeeee
[15:19] {nemo} well I'm off c u 2morow
[15:19] {jfjf64} jf in da house
[15:20] {Threei} take care nemo
[15:20] {jfjf64} later nemo
[15:21] {Threei} dies SLW
[15:22] {Threei} potential for about 30 cents move with any market help, possibly more
[15:22] {jfjf64} tight stp
[15:22] {jfjf64} nice
[15:23] {Threei} violence time?
06[15:23] * Threei hits SWL over the head with 2x4
[15:23] {jfjf64} structure
[15:23] {jfjf64} lol
[15:23] {_taxx31} shorted SLB 1k @ $84.64
[15:23] {jfjf64} violence
[15:23] {_taxx31} covered SLB 1k @ $84.48
[15:23] {jfjf64} ??
[15:23] {gregns} at least get the symbol right, vad
[15:23] {jfjf64} slb
[15:23] {Threei} ohhh... that's why it doesn't work!
06[15:24] * Threei hits SLW over the head with 2x4
[15:24] {rizvisy1} _taxx31 gj
[15:24] {gregns} exxxxacccctlly
[15:25] {_pragmatic} ?
[15:25] {jfjf64} slw tight range need more then 2x4
[15:25] {jfjf64} 2 2x4
06[15:25] * Threei hits SLW over the head with 2x4 equipped with rusty nails
[15:25] {jfjf64} yes
[15:26] {jfjf64} dog withh fleas
[15:26] {jfjf64} dieee
06[15:26] * Threei hits SLW over the head with 2x4 equipped with rusty nails and reinforced with rebars
[15:26] {jfjf64} yes
[15:26] {jfjf64} method to our madness
[15:27] {Threei} always
[15:27] {Threei} I despise madness with no method
[15:27] {jfjf64} nice
[15:27] {jfjf64} slw hears ya
[15:27] {Threei} let's tighten stop to .46
[15:28] {Threei} market is too sensitive today
[15:28] {Threei} want to stay on safe side
[15:28] {_taxx31} look at that level 2
[15:28] {_taxx31} im on the SLW trade with you boys now
[15:29] {Threei} what about its level 2?
[15:29] {jfjf64} nice colors
[15:29] {_taxx31} its fierce
[15:29] {Threei} loljf
[15:29] {Threei} our own Las Vegas
[15:29] {_taxx31} ppl are fighting it out
[15:30] {Threei} I am a sucker for flashing lights
[15:30] {jfjf64} yup
[15:30] {jfjf64} and blonds
[15:30] {jfjf64} with big feet
[15:30] {Threei} I don't discriminate that severely
[15:30] {Threei} brunettes and reds have full rights ti exists
[15:30] {jfjf64} small feet
[15:30] {jfjf64} ahh
[15:31] {jfjf64} agree
[15:31] {RonS} lol
[15:31] {jfjf64} welcome rs
[15:33] {jfjf64} little sprigsteen playin
[15:33] {jfjf64} down down down
[15:34] {dino} cool
[15:36] {jfjf64} 3:36 slw makin us work OT
[15:36] {Threei} no kidding
[15:36] {Threei} almost like work
[15:37] {jfjf64} the best jobb EVER
[15:37] {gregns} ok here we go
[15:37] {gregns} !!!!
[15:37] {jfjf64} $$$$$$$$$$$
[15:38] {_taxx31} SLW
[15:38] {jfjf64} big orders cominggg in green
[15:38] {jfjf64} not moving
[15:39] {_taxx31} too much support
06[15:39] * Threei shows SLW a picture of Greece leavng EU
[15:39] {_taxx31} vad
[15:40] {_taxx31} is that groupon ipo real ?
[15:40] {_taxx31} thats gonna be a killing
[15:40] {gregns} Vad, what indicates to you that if SLW works that it should go down quite a bit, just no support to about .13 ? and if market drops it will take it with it
[15:40] {Threei} of course it's real... wta do you think, I am writing news myself?
[15:40] {_taxx31} cant believe my eyes :D
[15:41] {Threei} greg, just by chart, nothing but air ti;; 35
[15:41] {Threei} also,
[15:41] {Threei} if selling hits closer to eod, there should be considerable amount of it
[15:41] {gregns} ok,, thks
[15:42] {jfjf64} violence
[15:44] {jfjf64} long wickss spy
[15:44] {jfjf64} today
[15:44] {Threei} {SPY} hey, leave my private qualities private
[15:44] {_taxx31} thanks vad
[15:44] {_taxx31} cyz tmrw
[15:44] {Threei} take care taxxxxx
[15:44] {jfjf64} later tax
[15:45] {jfjf64} comonnn
[15:46] {Threei} fiiiinallly
[15:47] {Threei} sure took its sweet time
[15:47] {Threei} half out, stop .41
[15:47] {jfjf64} ii
[15:47] {Threei} 13 minutes left
[15:47] {Threei} a lot can happen
[15:47] {jfjf64} we inn good spot
06[15:48] * Threei slaps _pragmatic around a bit with a second fufilled request for a good trade
[15:48] {Threei} that was a right idea to switch to aggressive entry
[15:48] {Threei} gave us enough room
[15:48] {jfjf64} get outtt 2x4
[15:49] {Threei} I am electrocharging it
[15:49] {jfjf64} that new
[15:49] {jfjf64} 3:49
[15:50] {Threei} half charged
[15:50] {jfjf64} stop
[15:50] {jfjf64} ??
[15:51] {jfjf64} .35
[15:51] {Threei} nah, still .41
[15:51] {Threei} 9 min
[15:51] {Threei} 3/4 charged
[15:51] {jfjf64} followw spy
[15:51] {jfjf64} slw
06[15:52] * Threei pokes SLW in the ribs with electrocharged 2x4
[15:52] {jfjf64} yeahhhhhhhhh
[15:53] {jfjf64} one moree legg down
[15:53] {jfjf64} 35.00
[15:55] {Threei} 5 min
[15:55] {jfjf64} 5 min
[15:55] {jfjf64} lol
[15:55] {Threei} clear
06[15:55] * Threei pokes SLW in the ribs with electrocharged 2x4 second time
[15:55] {jfjf64} zzzzzzzzzzzzzz
[15:56] {jfjf64} out
[15:56] {Threei} 4 min
[15:56] {jfjf64} that was great
[15:56] {jfjf64} ty
[15:56] {Threei} adrenalin rush?
[15:56] {Threei} :)
[15:56] {jfjf64} see all tommorrow
[15:57] {Threei} take care jf
[15:57] {Threei} 3 min
[15:58] {_pragmatic} should drop below .20. feel it
[15:58] {Threei} ved by the bell
[15:58] {Threei} unless saveby the bell
[15:59] {Threei} 2 min
[15:59] {Threei} 1
[15:59] {Threei} ok... closing
[15:59] {_pragmatic} oh my, what a battle on L2
[15:59] {Threei} nice way to finish the day
[15:59] {Threei} thank you all, have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {gregns} ty
[16:01] {dino} gn all
