Monday, June 6, 2011

Jun 06 2011

Strong morning with 6 wins, a bit shaky midday with mix of small wins and small stops and nice finish with another 1:2 win. Nice start to the week.

Session Time: Mon Jun 06 00:00:00 2011
[08:49] {davd} im in tradethenews vad. trial
[08:50] {davd} fcx barrons bounce
[08:55] {Threei}  morning davd
[08:55] {Threei}  told them you are from rt?
[08:56] {dino} gm all
[08:56] {davd} told them i was from mars, but heard of them through rt
[08:56] {Threei}  dino :)
[08:56] {Threei}  ok... duinno about mars but rt mention should get you a discount if you decide to sign up
[08:57] {Threei}  when you are connected, l,ook at the top bar,
[08:57] {Threei}  you'll see top stories to quickly scan major news,
[08:57] {davd} cool, gracias
[08:57] {Threei}  calendar to see the events and earnings for a week ahead
[08:58] {Threei}  morning report and other reportgs which are excellent,
[08:58] {Threei}  including weeekly update
[08:58] {Threei}  etc
[08:58] {davd} guy called me this morning and gave me a tour - that was good,  i have the speaker on and setup a watch list with ultra green
[08:58] {Threei}  overall, very nice set of services
[08:59] {davd} its great, because i was planning to learn how to read this week, now i can go swimming instead
[08:59] {Threei}  good that you postponed it
[08:59] {Threei}  I decided that with the next rt member learning to read I will have to too finally,
[08:59] {Threei}  now I can pstpone it too
[08:59] {ese} morning
[09:00] {Threei}  ese :)
[09:00] {dino} gm all
[09:00] {davd} so with rt i dont have to read AND dont have to think!  all i have to do is trade what i see
[09:00] {ese} dino david
[09:01] {Threei}  there you go davd... you got it
[09:01] {Threei}  one disappointment though:
[09:01] {Threei}  you still have to breathe on your own
[09:02] {Threei}  we plan to implement the breathing aid in the near future though
[09:02] {Threei}  so stay tuned
[09:02] {Threei}  wow
[09:02] {Threei}  (UK) IMF: Now is not the time for the UK to adjust its macroeconomic stance; believes the BoE should only tighten policy only after economic growth resumes
[09:02] {Threei}  isn'
[09:02] {Threei}  t it amazing
[09:03] {Threei}  they think they are in position to tell soveregn countries how to run their economies
[09:10] {rizvisy1} gm all
[09:10] {Threei}  riz :)
[09:11] {dino}  bvn drop
[09:13] {Threei}  (GR) German govt offical spokesperson: Not certain whether there will be second bailout package for Greece or the terms of such an arrangement
[09:13] {Threei}  - Greek aid does not need to come from EFSF.
[09:13] {Threei}  - Expects full troika report by the mid-week.
[09:13] {Threei}  - Chancellor Merkel supports Schaeuble's idea regarding the involvement of private creditors in Greece bailout.
[09:13] {Threei}  **Note: On Friday's session the EU/IMF/ECB issued a joint Troika statement in which they noted that they saw the next tranche to be available for Greece in early July after talks; They also noted that "significant" progress had been made in Greece
[09:15] {larisa} gm :)
[09:15] {Threei}  larisa :)
[09:15] {Threei}  GR) ECB Bini-Smaghi: Debt restructuring must be used only as last resort
[09:15] {Threei}  - Default would make EMU less attractive as an area
[09:15] {Threei}  - Greece must implement reforms or default is in the cards
[09:15] {Threei}  - Greece is solvent if it is willing to sell some assets
[09:15] {Threei}  - The cost of reform is lower than the cost of restructuring; Must strengthening of adjustment programs
[09:15] {Threei}  - Restructuring would have severe implications
[09:15] {Threei}  - Banks of default State would not have collateral and would need new public money
[09:19] {Threei}  Ron, missed whole lot Greece news
[09:19] {Threei}  Fed's Plosser: Recent US jobs report was disappointing but medium term picture unchanged with gradual recovery in US economy
[09:19] {Threei}  - Somewhat tighter policy is somewhat possible by end of 2011
[09:19] {Threei}  - Hurdle for QE3 would be very high
[09:19] {Threei}  - Exit should start long before job market recovery is firm.
[09:19] {Threei}  - Inflation threat seen over the next year or two
[09:22] {Threei}  now, Greece, Portugal etc are pimples on the elephant's butt, but this sounds much more seriousd:
[09:22] {Threei}  SP) Moody's comments on Spain region of Catalonia: Budget deficit is Credit Negative for Spain
[09:22] {Threei}  - Outcome of Catalonia debate with the national government is not clear.
[09:22] {Threei}  - Spain needs national consensus or compliance measures.
[09:22] {Threei}  - Spain's government unable to enforce regional fiscal compliance.
[09:22] {Threei}  - Spain could cut central govt deficit beyond the target; but such cuts would only be a short-term fix
[09:22] {Threei}  - Spain does not have tools to control regions.
[09:22] {Threei}  NOTE: Last week, FT commented on fiscal discord between the govt and Spanish region of Catalonia, alleging the regional govt has again defied central govt on budget targets, forecasting 2011 deficit of 5.4B - 2.7% of GDP - above 1.3% official limit.
[09:23] {Threei}  all this sounds like ramping up to downgrading Spain, and that will be way more ominous for EU than everything that happened up to date
[09:26] {Threei}  watching RIMM
[09:26] {Threei}  seems to be on death spiral
[09:27] {Threei}  despite strenght in its own backtardm, Canada, it's losing market share in US rather badly
[09:30] {Threei}  prepared alret to short rimm on .60 break
[09:30] {Threei}  fat chance
[09:31] {jfjf64} mornin
[09:31] {Threei}  jf :)
[09:31] {Threei}  let's see if it gives us chance on bounce
[09:33] {Threei} Short Setup: SLW  .40 break
[09:33] {Threei}  if stays under .50
[09:34] {Threei}  target .10, 3 partials
[09:34] {Threei} Short Setup: RIMM  .60 break
[09:34] {Threei}  if stays under .70
[09:35] {Threei}  SLW 1:1
[09:35] {Threei}  (EU) EU's Barnier agrees with ECB"s Constancio on support for Trichet's idea for a singular European Finance Ministry
[09:36] {Threei}  scalpers win
[09:36] {Threei}  wow
[09:36] {Threei}  SPY
[09:36] {Threei}  RIMM's not a scalp for me
[09:36] {Threei}  1:1, half out
[09:36] {Threei}  stop to .65
[09:37] {Threei}  1:2
[09:37] {Threei}  stop to .61
[09:38] {Threei} Short Setup: FCX  .95 break
[09:38] {samire} thanks VAD...I took ZSL long because i can not short
[09:38] {Threei}  if stays under .05
[09:39] {Threei}  as SLW short proxy? that'd work
[09:39] {Threei}  good job
[09:39] {Threei}  RIMM stop to .55
[09:39] {nemo} short .99
[09:40] {Threei}  not a scalp
[09:40] {Threei}  target about .65
[09:40] {Threei}  at least
[09:40] {Threei}  1:1
[09:40] {nemo} 1/2 oiut .84
[09:41] {Threei}  1:2
[09:41] {Threei}  RIMM 1:3
[09:41] {Threei}  1:2, out
[09:41] {jfjf64} nice  sir
[09:41] {Threei}  1:5
[09:41] {Threei}  done
[09:41] {nemo} 1/4 more .70
[09:42] {_taxx31} i just came in and saw 1:5
[09:42] {_taxx31} i missed one eh
[09:42] {_taxx31} lol
[09:42] {Threei}  no, you missed three
[09:42] {_taxx31} already ?
[09:42] {_taxx31} wow what was the 1:5  ? good morning
[09:42] {Threei}  yes sir... sorry to say but you have to wake uo earlier :)
[09:42] {Threei}  RIMM 1:5, FCX is coming into 1:3
[09:43] {Threei}  target hot FCX, out
[09:43] {Threei}  hit
[09:43] {Threei}  and SLW gave scalp
[09:43] {Threei}  FCX reversal time
[09:43] {Threei}  .65 break long
[09:43] {Threei}  stop under .60
[09:43] {Threei}  very tight
[09:43] {Threei}  .80 target
[09:44] {Threei}  1:2
[09:44] {Threei}  target hit
[09:44] {jfjf64} out
[09:44] {Threei}  like fiddle
[09:44] {Threei}  can I go home?
[09:44] {Threei}  4 for 4
[09:44] {jfjf64} nope
[09:45] {_taxx31} i was in short on RIMM at close on friday but had to cover for the weekend
[09:45] {_taxx31} lol
[09:47] {Threei} Short Setup: FCX  .80 break
[09:47] {_taxx31} FCX
[09:47] {Threei}  let's contrinue at this pace till first stop
[09:47] {Threei}  then pause and reevaluate
[09:48] {jfjf64} like
[09:48] {jfjf64} who  needs  coffee
[09:49] {Threei}  1:1
[09:49] {_taxx31} fcx worked again lawl
[09:49] {Threei} Long Setup:  CAT  .40 break
[09:49] {Threei}  half lot
[09:50] {Threei}  if stays above .30
[09:51] {Threei}  no worky
[09:51] {nemo} market too weak for longs
[09:51] {Threei}  ok, exhale
[09:51] {_taxx31} yeah need to keep on the shorts
[09:52] {nemo} spy likely to go to  128.75
[09:52] {jfjf64} sbux
[09:52] {jfjf64} dtop
[09:52] {jfjf64} ?
[09:52] {Threei}  can't tell...
[09:53] {Threei}  probably, .35 break
[09:54] {dino}  meli sm l .10
[09:55] {dino} meli stop -.27
[09:56] {samire} cat stopped  ??
[09:56] {Threei}  [09:51] {Threei} no worky
[09:56] {samire} i did not take
[09:56] {Threei}  [09:50] {Threei} if stays above .30
[09:57] {jfjf64} 1/1
[09:57] {Threei}  SBUX 1:1
[09:57] {jfjf64} half
[09:57] {Threei}  (US) Treasury Sec Geithner: Calls for global standards on margins for uncleared derivatives
[09:57] {Threei}  - Sees need for standards globally on tighter financial regulations
[09:58] {dino} bap, bvn, peru election messing them up
[09:58] {jfjf64} little  mkt   help
[09:58] {RonS} scco also dino
[09:58] {Threei}  translation: our ideology tells us to tighten the screw on financials, but we are scared to chase them away to other jurisdictions, so let's agree and do it everywhere
[09:58] {dino} thx
[09:58] {Threei}  yeah dino, Peru killes them
[09:59] {dino} chaves student
[09:59] {dino} z
[09:59] {Threei}  yup
[10:00] {dino} meli rinsed, .83 was my print too, sob
[10:01] {jfjf64} out  sbux
[10:03] {Natali} gm:)
[10:03] {Threei}  natali :)
[10:03] {Threei} Short Setup: CAT  .10 break
[10:03] {Threei}  half lot again
[10:04] {Threei}  stop above .25
[10:04] {nemo} half lot then
[10:04] {dino} hog, buyout rumors
[10:04] {Threei}  1:1
[10:05] {samire} what is the first target on Cat ?
[10:05] {Threei}  [10:04] {Threei} 1:1
[10:05] {Threei}  you are sleeping yeat samire?
[10:06] {Threei}  this is extremely fast stock, can't play it so slow
[10:06] {ese} is it my imagination or is there really nothing goin on here
[10:06] {samire} at what price we cover
[10:06] {_taxx31} 1:1
[10:06] {RonS} r/r...   .25 - .10 = .15
[10:06] {Threei}  with .10 trigger and .25 stop, 1:1 is .95
[10:06] {Threei}  which is right here again, and more
[10:06] {_taxx31} theres more than 1:1
[10:07] {_taxx31} 1:2
[10:07] {Threei}  ese... take us off ignore, will ya??
[10:07] {_taxx31} out
[10:07] {Threei}  7 trades, 6 wins
[10:07] {ese} lol
[10:07] {Threei}  in 37 min
[10:07] {Threei}  if you qualify i as nothing going on, tell me please what would be "action" for ya
[10:07] {Threei}  1 trade per minute? :)
[10:07] {ese} sorry chief...have been looking else where with no success
[10:08] {jfjf64} lol
[10:08] {Threei}  why would you elesewhere if I serve them one after another?
06[10:09] * Threei feels abandoned... forgotten... unneeded... forsaken...
[10:09] {ese} i can see i am not going to live this one down easily
[10:09] {_taxx31} vad..thats because most of those trades were within 10 mins and everyone was still sleeping lol
[10:09] {jfjf64} nope
[10:09] {Threei}  no sir
[10:09] {jfjf64} ese  in  dog  house
[10:09] {Threei}  well, then take one of my trades, and but a new alarm clock with profit {G}
[10:10] {Threei}  but = buy
[10:10] {jfjf64} look  sbux
[10:11] {jfjf64} grr
[10:11] {nemo} look mcp
[10:11] {jfjf64} mcp
[10:11] {jfjf64} you  had  call
[10:12] {jfjf64} look  tza
[10:12] {jfjf64} dtop
[10:13] {jfjf64} .65
[10:13] {jfjf64} break
[10:14] {jfjf64} hold .80
[10:18] {_taxx31} SLB breaking LOD
[10:20] {Threei}  SPY new low
[10:21] {nemo} going to 128.75
[10:21] {ese} stalking OXGN
[10:21] {Threei}  anyone is still in CAT?
[10:22] {_taxx31} no
[10:23] {Threei}  good, just wanted to alert it was time to exit
[10:26] {_taxx31} SPY bouncing
[10:30] {dino}  gpro
[10:30] {nemo} should get the short rule any minute now
[10:31] {RonS} $GPRO Only interested bidder remaining appears to be $NVS finanical press
[10:33] {dino} sm l .50 gpro
[10:34] {RonS} Gen-Probe calls active on sharp sell off        06/06 08:33 AM
[10:34] {RonS} nix that...i don't see it
[10:36] {dino} out gpro ..40 -.10
[10:37] {dino} meli
[10:37] {dino} gpro, narvartis bid $4b
[10:38] {Threei} Short Setup: RIMM  .20 break
[10:38] {Threei}  if stays under .30
[10:39] {_taxx31} i was just watching and drawing my lines vad
[10:39] {_taxx31} lol
[10:43] {_taxx31} Vad - RIMM 7ma on 2 min chart...its riding that up
[10:44] {Threei}  so, why not buy .30 break?
[10:44] {Threei}  most setups can be used both ways, fade the call on invalidation
[10:45] {_taxx31} you will get a short on RIMM here i believe
[10:45] {_taxx31} MACD topped out, SSO/SO topped
[10:45] {nemo} yeah .39
[10:46] {Threei}  .40 break was it then
[10:46] {nemo} support here though
[10:46] {Threei}  wouldn't chase here
[10:46] {_taxx31} .25 break me thinks
[10:46] {_taxx31} gotta break that 7ma
[10:57] {samire} test
[10:57] {RonS} dino, meli to $0...acting like peru is it's biggest market
[10:58] {RonS} ??
[10:58] {dino}  yeah watching it, isn't it argentina
[10:59] {RonS} based there but i think they operate in whole of SA
[11:00] {RonS} As of December 31, 2009, the company operated online commerce platforms directed towards Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Mexico, Panama, Peru, Uruguay, and Venezuela; and online payments solutions directed towards Argentina, Brazil, Mexico, Venezuela, Chile, and Colombia.
[11:04] {Threei}  SQNM new 52 week highs
[11:05] {nemo} what a recovery RIMM has made
[11:05] {Threei}  on daily, not much meaning
[11:05] {nemo} yes, but looking for short entry
[11:05] {ese} L oxgn .81
[11:06] {Threei}  if it breaks 40, retests it from above and holds I may change my view on it
[11:07] {dino} panl sm l .01
[11:09] {Threei}  RIMM nears shorting point
[11:09] {Threei}  watching for setup
[11:10] {Threei} Short Setup: RIMM  39 break
[11:10] {Threei}  if stays under .10 of course
[11:10] {Threei}  nope
[11:11] {davd} spy breaks above vwap
[11:13] {jfjf64} .20
[11:13] {ese} the board shou ld do that more dramatically........
[11:13] {Threei}  do what?
[11:14] {ese} DAVE...........pause ...IS.................pause.........BACK
[11:15] {ese} with emphasis on each word .....don't you think........
[11:15] {Threei}  I
[11:15] {Threei}  pause
[11:15] {Threei}  agree
[11:15] {jfjf64} ese   those  drums
[11:15] {jfjf64} lol
[11:15] {ese} lol
[11:15] {jfjf64} rimm
[11:15] {davd} i was always here - the computer does not own me yet :/
[11:15] {Threei}  my alerts from now on will be like this
[11:15] {jfjf64} 3i
[11:15] {RonS} caught panl .00 to .74...thanks dino
[11:15] {Threei} Short Setup: PAUSE
[11:16] {Threei}  TEST
[11:16] {Threei}  pause
[11:16] {Threei}  oops... pause... late...
[11:16] {davd} when you short a pause do you do it slowly?
[11:16] {Threei}  and with pronounced sadness
[11:16] {ese} rotflol..........egggzactilly
[11:16] {jfjf64} you  guys  have gone  bats
[11:17] {Threei}  as old and not very family-room intended russian joke goes, that's how sex with widow during husband's funeral must be done
[11:17] {Threei}  alowly and with pronounced sadness
[11:18] {ese} oxgn......out .70 -.10
[11:18] {Threei}  RIMM reversed without setup
[11:18] {ese} grrrrrrrrrrrrr     pause wtf
[11:18] {Threei}  lol
[11:19] {dino}  gj ron
[11:19] {jfjf64} utx .60  break  s
[11:20] {jfjf64} hold.65
[11:22] {dino} meli sm l .98, wide
[11:32] {jfjf64} rimm
[11:32] {jfjf64} here
[11:32] {jfjf64} ?
[11:33] {Threei}  no clear setup yet
[11:34] {dino}  out meli .35, +1.37
[11:34] {jfjf64} niceeeeeeeeeeee
[11:34] {Threei}  wtg
[11:34] {Threei} Short Setup: RIMM  .40 break
[11:34] {dino} ty
[11:34] {Threei}  if stasys under .50
[11:35] {Threei}  .50 break can be long as well
[11:35] {Threei}  uhhu... late
[11:35] {Threei}  those dramatic pauses get in the way
[11:39] {jfjf64} sbux.45  break
[11:40] {dino} panl stuck
[11:41] {dino} out panl .75, +.74
[11:41] {rizvisy1} RIMM still valid?
[11:42] {Threei}  [11:34] {Threei} if stays under .50
[11:42] {Threei}  it went above that before triggering, thus play was invalidated
[11:43] {rizvisy1} huh, it just spiked and came down
[11:43] {Threei}  it broke the resistance
[11:43] {Threei}  thus it's invalidated the break of support as a trigger for short setup
[11:43] {rizvisy1} yup
[11:44] {Threei}  because short setup is valid under two conditions
[11:44] {Threei}  first, support can't hold
[11:44] {Threei}  second, resistance can
[11:44] {Threei}  if it just touched a cent or two above .50 and came down, yes, it could still be valid
[11:44] {Threei}  but it qwent to .66
[11:45] {rizvisy1} I saw that..
[11:54] {ese} am outta here all....wish me applying  for $50,000 from telus canada to day to put in a recording studio at my high school.
[11:55] {Threei}  good luck ese
[11:55] {ese} tks vad
[11:56] {dino}   gl ese
[12:20] {samire} test
[12:20] {Threei}  passed
[12:21] {samire} where is every one
[12:21] {Threei}  right here... why?
[12:21] {samire} no body is writing
[12:21] {nemo} ignoring you
[12:21] {Threei}  see market standing still?
[12:21] {Threei}  no movement
[12:21] {Threei}  nothing happens
[12:21] {samire} i see
[12:21] {Threei}  what to write about?
[12:21] {samire} ok
[12:21] {samire} how good Vad is
[12:22] {Threei}  very
[12:22] {Threei}  there... I wrote about it {G}
[12:22] {samire} it is hard for me to see you having a loosing week
[12:22] {samire} i am new still
[12:22] {Threei}  it's rare occasion
[12:23] {Threei}  not that it doesn't happen... but not often
[12:23] {samire} can retire and do stocks
[12:23] {samire} can i
[12:23] {nemo} yeah, longest I remember is 3 days
[12:23] {samire} i am working now
[12:23] {samire} why nemo
[12:23] {Threei}  I can'rt answer such question
[12:23] {nemo} why what?
[12:23] {samire}  i am asking nemo
[12:24] {nemo} me what
[12:24] {samire} can i retire and just trade
[12:24] {samire} i have about 400K to trade
[12:24] {samire} 401k and cash
[12:24] {nemo} I'm with Vad on this one
[12:24] {jfjf64} oh boy
[12:25] {nemo} this is a street you have to walk alone
[12:25] {jfjf64} i have  question too
[12:25] {samire} mostly retirement money
[12:25] {nemo} how long you been trading?
[12:25] {samire} go ahead jf
[12:25] {Threei}  you can'tr expewct anyone to answer such questions for you
[12:25] {jfjf64} red  or  white
[12:25] {samire} 5 years part timw
[12:25] {samire} time
[12:25] {Threei}  it's for you to decide, but one thing I can tell for sure
[12:25] {samire} loosing of course but moderately
[12:26] {samire} what Vad
[12:26] {Threei}  don't do it until you trade at least a year or two with consistent profits
[12:26] {samire} that is fair
[12:26] {samire} i work from home
[12:26] {samire} design engineer\
[12:26] {samire} my hours are flexible
[12:26] {Threei}  good combination
[12:27] {Threei}  allows you to participate in markets without sacrificing aything
[12:27] {nemo} yeah, you're in a good situation...why up
[12:27] {samire} even when i was loosing....i was going small
[12:27] {nemo} that's the way to learn, but no way to make a living
[12:28] {samire} any opinion on AKAM swing
[12:28] {samire} huge insider buy
[12:28] {samire} on May 19, 2011
[12:28] {RonS} sorry, but third peeve here...lose is not loose
[12:28] {samire} and now it is lower
[12:28] {samire} AKAM swing  ? Long ?
[12:29] {samire} any feedback
[12:29] {dino} lol
[12:29] {nemo} yeah...I hate akam
[12:29] {dino} panl wakey
[12:30] {samire} any opinion on trade long ?
[12:31] {samire} dino.....what do u think of CTRP ?
[12:31] {samire} day trade
[12:32] {samire} for a bounce
[12:32] {dino} still oing down looks like
[12:32] {samire} please keep an eye on it
[12:33] {samire} advice good entery
[12:33] {RonS} lol, dino gets a new job...
[12:33] {jfjf64} .25  slw
[12:33] {jfjf64} break
[12:34] {jfjf64} or  bounce
[12:34] {Threei}  I'd look for short into bounce jf
[12:34] {Threei}  wouldn't play long, wouldn't short .25
[12:34] {Threei}  but around .35 would get interested in short
[12:36] {dino} needs a spike down sami, capit type
[12:36] {dino} imo of course
[12:39] {samire} any opinion of akam  above 32.14 long
[12:39] {samire}  reaking the high of previous 5 min candle
[12:39] {samire} breaking
[12:40] {Threei}  not really
[12:40] {samire} why VAD
[12:40] {dino} not really, i'd look at .25 as resistance, break of that higher high
[12:40] {Threei}  looks weak
[12:40] {Threei}  bounce on lower volume
[12:40] {samire} ok
[12:43] {samire} i am a member of 3 rooms now
[12:43] {samire}
[12:43] {samire}
[12:44] {samire} but Vad is the best so far
[12:44] {samire} by ways
[12:44] {Threei}  thanks but... have you told THEM that?? :)
[12:47] {samire} i watch all 3 at the same time
[12:47] {samire} always looking for more rooms
[12:47] {samire} CTRP was a good short
[12:48] {samire} like VAD said
[13:02] {davd} like when i play internet chess.  i play two at a time and just use the other guys moves
[13:03] {Threei}  lol
[13:04] {Threei}  guaranteed to win one, eh
[13:04] {Threei}  or have two drwas
[13:04] {Threei}  draws
[13:07] {davd} just joking
[13:07] {davd} re chess
[13:08] {Threei} Short Setup: RIMM  .60 break
[13:09] {Threei}  stop .66 for scalpers, .71 for day traders
[13:11] {dino}  veco sm l .50
[13:13] {samire} dino...took veco with u....what is your stop ?
[13:13] {Threei}  no worky
[13:13] {RonS} short hog 3i?...00 break?
[13:13] {Threei}  I think so
[13:16] {rizvisy1} RIMM days hi
[13:31] {dino} .19 sami
[13:33] {RonS} ...typical assignment then ignores you once completed...
[13:34] {RonS} :D
[13:36] {samire} thanks dino
[13:37] {dino} np
[13:37] {dino} back in 30 or so
[13:39] {Threei}  Ron, that's nothing
[13:40] {Threei}  people living under Stalin were more used to boss who gives assignment then shoots you once completed {g}
[13:43] {Threei}  SLW dive
[13:43] {nemo} gdx too
[13:45] {Threei}  I see no news
[14:01] {Threei} Long Setup:  CAT  100 break
[14:01] {Threei}  half lot
[14:02] {Threei}  staop under .85
[14:03] {Threei}  target .40 - .50
[14:05] {nemo} slw
[14:06] {samire} we are in CAT ?
[14:07] {samire} stopped
[14:07] {Threei}  why don't I stay in coma after the morning rush is over, anyone know?
[14:08] {nemo} pride?
[14:08] {nemo} arrogance?
[14:08] {nemo} greed?
[14:08] {nemo} envy?
[14:08] {Threei}  I pick greed
[14:08] {nemo} sloth?
[14:08] {rizvisy1} you want to help..
[14:09] {nemo} Vad is the ultimate humanitarian
[14:09] {nemo} forgot gluttony?
[14:09] {nemo} slw?
[14:10] {nemo} mmmhhhhh....seems we're getting summer whipsaws
[14:20] {dino} .
[14:22] {RonS} c sick
[14:22] {Threei}  CAT works now
[14:23] {_taxx31} CAT at $100 is a solid buy ... if ur a long
[14:24] {Threei} Long Setup:  SLW  .30 break
[14:24] {Threei}  if holding .20
[14:28] {samire} invalid ?
[14:28] {samire} .19
[14:28] {Threei}  yes
[14:28] {samire} ok
[14:30] {_taxx31} shouldve called a short break of .20
[14:30] {_taxx31} works both ways
[14:30] {Threei}  that's your choice
[14:30] {Threei}  I would be a bit overwhelmed by typing out two alerts on each trade
[14:30] {Threei}  I do it only if I feel very strongly about that
[14:30] {_taxx31} no no
[14:31] {Threei}  each trade can be taken either way, depending on which side triggers,
[14:31] {Threei}  and depending on whether markte direction supports it
[14:31] {Threei}  my alert outlines the bounds of the range
[14:31] {Threei}  and the direction that I consider more likely
[14:32] {Threei}  choice bwteen direction, and choice between agreesiveness of entry is yours
[14:32] {Threei}  on differet types on entry:
[14:32] {Threei}
[14:33] {Threei}  on setup structure:
[14:33] {Threei}
[14:38] {_taxx31} :)
[14:38] {_taxx31} SLW breaking to new lows
[14:38] {_taxx31} that was a 1:3 short so far
[14:41] {Threei}  so, if you see a market that is trying to determine direction,
[14:41] {Threei}  maybe bounces, meybe contiunes down
[14:41] {Threei}  and .20 - .30 setup outlined in alert looks two-sided to you,
[14:41] {Threei}  .20 break triggers first - you have your play structured and ready,
[14:42] {Threei}  .20 break short, stop above .30
[14:42] {Threei}  same thing happend a bit earlier with RIMM
[14:42] {Threei}  we had .20 break short alert, instead it elected to break .30
[14:42] {Threei}  and worked for 15 cents
[14:42] {Threei}  that's why that educational blog exists, along with all the courses
[14:43] {Threei}  less typing for me, more profit opportintes for you
[14:43] {jfjf64} grr
[14:43] {jfjf64} look  slw
[14:43] {jfjf64} step  out
[14:48] {jfjf64} rimm here
[14:48] {jfjf64} ? short
[14:49] {Threei}  probably
[14:49] {Threei}  market feels like losing support and cascading
[14:49] {jfjf64} not  convincing  me
[14:49] {Threei}  or, as larisa hates me saying, mini-crash is coming
[14:49] {jfjf64} .10 break
[14:49] {jfjf64} in
[14:51] {rizvisy1} _taxx31
[14:51] {_taxx31} SLW 1:4 short
[14:51] {_taxx31} we missed it vad
[14:51] {rizvisy1} lol
[14:51] {Threei}  qwho we, pardon me asking
[14:51] {Threei}  I gave alert
[14:52] {_taxx31} did u short it ?
[14:52] {Threei}  [14:51] {Threei} I gave alert
[14:52] {Threei}  this is what I do in the room
[14:52] {jfjf64} die eeeeeee
[14:52] {Threei}  this is my role and this is what I am here for
[14:53] {Threei}  whether I took a trade or slipped on banana skin while rushing toward computer to click the button is irrelevant
[14:53] {nemo} it's his raison d'etre
[14:53] {Threei}  well, I wouldn't go this far :)
[14:53] {jfjf64} dieeeeeeeeeeeee
[14:54] {jfjf64} .02
[14:54] {Threei}  RIMM 1:1
[14:54] {jfjf64} eat em up
[14:54] {Threei}  wtg jf
[14:54] {Threei}  min-crash in progress
[14:54] {jfjf64} half  here
[14:54] {dino} 12086 gap
[14:54] {jfjf64} stop b/e
[14:55] {dino} 1279 s/p, 2221 ndx
[14:56] {_taxx31} when was the RIMM entry
[14:56] {Threei}  [14:49] {jfjf64} .10 break
[14:56] {Threei}  hos find
[14:56] {Threei}  his
[14:56] {samire} VECO finally stopped me
[14:56] {samire} took 1 hour
[14:56] {jfjf64} look  spy
[14:56] {samire} y
[14:57] {jfjf64} one  more  leg  down
[14:58] {dino} me too
[14:59] {jfjf64} what ya  in  dino
[14:59] {_taxx31} lots of BS going on here with RIMM
[14:59] {_taxx31} hedgefunds playing games]
[14:59] {dino} nothing
[15:01] {jfjf64} done
[15:03] {dino} wow bap
[15:04] {RonS} peru market closed this a.m.
[15:05] {dino} lots of fear down there
[15:05] {jfjf64} boy  aapl
[15:06] {jfjf64} fear
[15:06] {jfjf64} wowoowow
[15:06] {Threei}  interesting moment
[15:06] {Threei}  double bottom, or new lows
[15:06] {jfjf64} y
[15:06] {jfjf64} es
[15:06] {Threei}  watch SPY and RIMM
[15:06] {Threei}  if SPY bounces here, RIMM 39 break is long trigger
[15:07] {Threei}  SLW is bounce candidate too
[15:08] {jfjf64} .70  slw
[15:10] {Threei}  no, new lows everywhere
[15:10] {Threei}  as easy as morning was, pulling teeth now
[15:11] {dino} 12086 filled
[15:11] {dino} 11859 below
[15:12] {_taxx31} SLW 1:7 short
[15:12] {_taxx31} im crying now
06[15:12] * Threei passes taxx a tissue
[15:12] {rizvisy1} sand paper 3i
[15:12] {Threei}  lol
[15:12] {Threei}  riz, you found right room
[15:12] {Threei}  that's how we operate
[15:13] {_taxx31} 1:8 waaaaaaaah :'(
[15:13] {rizvisy1} I know I am at right place..
06[15:13] * _taxx31 is going to jump off a bridge
06[15:13] * Threei is right there, ready to push taxx if he changes his mind
[15:13] {rizvisy1} lolll
[15:14] {_taxx31} ahhahahaha
[15:15] {rizvisy1} hi _Taxx31 was water cold?
[15:16] {_taxx31} too cold brrrrrrrr
[15:16] {Threei}  another chance for double bottom
[15:17] {Threei} Long Setup:  SLW  .45 break
[15:17] {Threei}  if stasy above .35
[15:18] {Threei}  still valid
[15:19] {Threei}  target about .70, three partials
[15:20] {dino} ivac drop
[15:20] {Threei}  (GR) Greece PM: Willing to consider referendum on certain austerity measures-
[15:20] {Threei}  NOTE Sunday: At least 80K protesters gather at central Athens square on Sunday following announcement of further austerity and cuts to govt jobs as part of the new aid agreement; Greece Cabinet to meet on Monday to discuss medium-term economic goals before PM Papandreou presents the plan to his PASOK political council on Tuesday.
[15:24] {Threei}  - Negotiations on terms of new bailout still not finished; Next few days/weeks are critical.
[15:24] {Threei}  1:1
[15:24] {Threei}  game is on, SLW
[15:24] {Threei}  half out
[15:24] {Threei}  stop to .39
[15:25] {Threei}  after .60 break trail stop to .44 and offer 1/4 more at 1:2
06[15:31] * Threei kicks SLW in the rear
[15:33] {Threei}  1:2
[15:33] {Threei}  1/4 more out
[15:33] {Threei}  stop to .49
[15:34] {Threei}  .75 for the last part
[15:34] {_taxx31} nice play vad
[15:34] {Threei}  ty, I have my moments
[15:34] {RonS} took slw .45 to .68  thanks 3i
[15:34] {Threei}  :)
[15:35] {samire} thanks Vad
[15:37] {Threei}  welcme
[15:37] {Threei}  I seem ti misspell all the polite words worse than, umm, my normal ones
[15:40] {Threei}  stop to .54
[15:43] {jfjf64} giddyup
[15:45] {Threei}  out
[15:45] {jfjf64} ty
[15:45] {Threei}  sure thing
[15:45] {Threei}  ok guys, no more trades today
[15:46] {jfjf64} good  night  all
[15:46] {jfjf64} nice  GREEN DAY
[15:46] {Threei}  thank you all
[15:46] {Threei}  have a great evening, see you all tomorrow
[15:49] {dino}   thx all, gn
[15:50] {larisa}  bye :)