Friday, July 8, 2011

Jul 08 2011

Decent day with a few nice trades, despite being summer Friday. Pattern remains - gap down days are so much easier to trade than gap up ones.

Session Time: Fri Jul 08 00:00:01 2011
[09:04] {dino} gm all, imo mind the gaps 12626, 12261; 2378, 2294, 2252; 1287
[09:07] {Threei}  morning dino
[09:08] {RonS} gm everyone
[09:08] {Threei}  Ron :)
[09:09] {Threei}  abysmal unemployment figures
[09:09] {_edusantos} gm
[09:10] {Threei}  edu :)
[09:20] {samire} gm
[09:20] {Threei}  samire :)
[09:21] {samire} ready ?
[09:21] {Threei}  depends for what
[09:21] {samire} trading of course
[09:21] {Threei}  oh that
[09:28] {Threei}  first thought is long SLW on pullback
[09:30] {Threei} Long Setup:  SLW  .10 break
[09:30] {Threei}  awww.. . late
[09:30] {jfjf64} lol
[09:30] {jfjf64} mornin
[09:30] {Threei}  let's see if gives pullback into trigger
[09:31] {Threei}  jf :)
[09:31] {dino} 12626 filled
[09:31] {jfjf64} sh   t
[09:31] {jfjf64} slw
[09:31] {Threei}  RIMM, watching for pullback entry too
[09:32] {dino} gld, slw, wlk, ll positive
[09:32] {Threei}  under .80 will be interested
[09:33] {dino} wlk drop
[09:34] {Threei} Long Setup:  RIMM  .85
[09:35] {Threei} Long Setup:  SLW  .30 break
[09:35] {Threei}  no go RIMM
[09:38] {Threei}  another RIMM entry is coming soon
[09:38] {Threei} Long Setup:  RIMM  .70 break
[09:38] {Threei}  SLW half out
[09:38] {Threei}  .45
[09:38] {Threei}  stop .25
[09:40] {nemo} .60 pivot in rimm
[09:40] {Threei}  stopped
[09:41] {Threei}  maybe a rinse but I'll leave it alone for now
[09:41] {Threei}  yeah, rinse it is
[09:41] {Threei}  SLW stop to .29
[09:42] {Threei}  1/4 more out
[09:42] {Threei}  .55
[09:42] {Threei}  stop to .34
[09:42] {RonS} snagged slw .33 to.54  thanks 3i
[09:42] {Threei}  :)
[09:43] {Threei}  out in full .68
[09:43] {patience} ty for slw
[09:44] {Threei}  yw
[09:44] {Threei} Short Setup: FCX  .90 break
[09:45] {dino} cato sm l .00
[09:47] {Threei}  half out
[09:47] {Threei}  stop .95
[09:52] {Threei} Long Setup:  SLW  .50 break
[09:52] {nemo} fcx
[09:52] {Threei} Long Setup:  FCX  55 break
[09:53] {Threei}  too fast for entry
[09:53] {samire} which one is still valid
[09:53] {samire} slw or fcx
[09:53] {Threei}  FCX second chance
[09:54] {Threei}  SLW triggered and still on
[09:54] {Threei}  out FCX .20
[09:54] {Threei}  SLW 1:1
[09:54] {Threei}  samire, you better cut down on number of rooms youy watch, you miss the action
[09:55] {samire} u r correct
[09:55] {samire} yge on 2s
[09:57] {dino} ll sm l .65
[10:01] {samire} go yge
[10:01] {ese} morning all.....not spending any time with you all.....am out rebuilding my back deck so that Vad Patience and whomever else is around canf be drinkin on it soon
[10:01] {Threei}  hi ese
[10:01] {Threei}  that's a great idea
[10:01] {Threei}  go work on that :)
[10:02] {patience} awesome,you're in walking distance   :)
[10:02] {ese} yup
[10:03] {dino} hmmm, how can i get to ese's house?
[10:03] {RonS} ilmn sm l .00
[10:03] {ese} are you walking by this morning patience
[10:03] {patience} i'll be running, training for half marathon  :)
[10:03] {RonS} ilms s/l .80  tgt .40
[10:04] {Threei}  hmm, SLW
[10:04] {ese} well we'll see you in a bit maybe
[10:04] {ese} cya all
[10:04] {Threei} Long Setup:  SLW  .10- break
[10:04] {patience} bye ese
[10:05] {Threei}  wow, not ready yet
[10:05] {samire} invalid
[10:05] {dino} markets are afraid of obaminations' next target
[10:06] {nemo} took .06
[10:07] {RonS} which is?  there are so many...
[10:07] {samire} same on 1 minute
[10:07] {samire} slw
[10:07] {dino} well its never his fault, guess its still "w"'s
[10:07] {nemo} 1/2 .16
[10:07] {Threei}  nice
[10:07] {nemo} hammer at .05 on volume
[10:07] {samire} we will send some money Vad
[10:07] {pragmatic} ty SLW
[10:07] {samire} send u
[10:08] {samire} .06 stop
[10:09] {samire} go yge
[10:09] {samire} still in
[10:09] {samire} on 2s
[10:10] {nemo} I'm out at .95
[10:10] {samire} fst
[10:10] {samire} on 5
[10:11] {Threei} Long Setup:  TZA  32 break
[10:14] {Threei}  not a scalp if triggers
[10:15] {Threei}  32.40 target
[10:15] {dino} i missed at .80 sami
[10:17] {Threei}  first partial above .10
[10:17] {Threei}  .12 - .15
[10:17] {Threei}  out .14
[10:17] {Threei}  stop to .95
[10:17] {Threei}  second partial around .25
[10:17] {dino} dks sm l.25
[10:18] {samire} good cal Vad
[10:18] {samire} call
[10:18] {Threei}  ty
[10:19] {jfjf64} ty  my  russian  friend
[10:19] {Threei}  yw sir
[10:19] {jfjf64} banged  it  HARDDDDDDDD
[10:20] {pragmatic} TYTYTY. Call my day. Out for work
[10:20] {Threei}  yw
[10:20] {Threei}  out second piece
[10:20] {Threei}  .22
[10:21] {dino} cato stop .28
[10:21] {Threei}  stop to .99
[10:23] {dino} ugh cato, hits stop and bounces .20
[10:23] {samire} slw falling
[10:24] {dino} rinsed
[10:24] {dino} fst sm l .80 break
[10:26] {Threei}  stop to .09
[10:27] {nemo} vwap .97 and falling on fst
[10:29] {samire} Obama will speak now
[10:29] {dino} obamination in 5
[10:30] {nemo} cree
[10:32] {Threei}  wow TZA
[10:33] {samire} yes
[10:34] {jfjf64} YOU have  feel  4 tza   tna
[10:34] {jfjf64} good  intuition
[10:35] {nemo} MON might be short
[10:35] {nemo} yep
[10:35] {jfjf64} like
[10:38] {RonS} dino, l dks .05...any idea for target?
[10:38] {dino} .65
[10:38] {RonS} txs
[10:41] {RonS} dks sell order .68...let you get yours off first...
[10:41] {dino} thx, lol
[10:44] {dino} arx sm l .25
[10:45] {RonS} lol...arx  needham cut it to hold...
[10:45] {RonS} such influence
[10:49] {RonS} out dks .95  -.10
[10:49] {RonS} short leash on longs today for me
[10:50] {dino} i understand
[10:50] {nemo} market took a haymaker this morning and isn't sure if it can get off the mat
[10:50] {dino} idiot pres always late
[10:50] {nemo} look at the range this week, it might take the weekend and see how earnings do...would make sense to stay in this range, maybe test .25
[10:51] {RonS} still playing darts trying to figure who to balme...
[10:51] {nemo} balmer?
[10:51] {RonS} blame
[10:51] {dino} roflol, i bet "w" gets it again
[10:51] {nemo} Reagan's fault
[10:51] {dino} lol
[10:52] {dino} dks stop
[10:56] {dino} trw?
[11:00] {RonS} ilmn to .24
[11:00] {dino} a?
[11:00] {dino} trw sm l .40 break
[11:01] {dino} pulp type
[11:02] {samire} gcx  ?
[11:02] {samire} fcx  ?
[11:02] {samire} not gsx
[11:02] {dino} cx that
[11:03] {samire} watching fcx for a bounce
[11:03] {_edusantos} watching ADBE for bounce here
[11:05] {Threei}  market can easily break down here
[11:05] {Threei}  be careful with those bounces
[11:05] {_edusantos} yes, ty
[11:05] {Threei}  here comes the president
[11:05] {jfjf64} bobo talkin
[11:05] {_edusantos} Obama on tv
[11:06] {RonS} fave for me...Oblahblah
[11:07] {Threei}  http://www.youtube.com/watch?v=pJhcGepfG04
[11:07] {Threei}  (US) President Obama: Payrolls report shows the US economy still has a long way to go
[11:08] {RonS} in other news...the sky is blue...unless it is cloudy
[11:08] {nemo} it's still blue ron
[11:08] {dino} and sometimes it rains
[11:08] {dino} a sm l .05
[11:08] {RonS} just quoting...
[11:09] {Threei}  uh oh
[11:09] {Threei}  he says they will redouble their efforst
[11:09] {nemo} next comes "110%"
[11:10] {samire} xlnx is due for a bounce Vad
[11:10] {Threei}  if their best effort got ujs where we are, imagine what happens when they double it
[11:11] {nemo} btw...
[11:12] {nemo} excellent movie..."Unthinkable"
[11:13] {dino} wow, he just walked off
[11:13] {dino} guy looked like a beat dog
[11:13] {patience} he looked like he was running away from the press
[11:14] {Threei}  I decisively disagree with last line, dino
[11:14] {Threei}  I like dogs
[11:14] {dino} lol, me too
[11:14] {Threei}  :)
[11:14] {dino} any thoughts trw
[11:15] {samire} obama is done speaking
[11:15] {dino} markets interpretting what i saw
[11:15] {dino} reality hitting him
[11:16] {RonS} nah, he had a bad round of golf yesterday...
[11:17] {RonS} this guy does not give a crap about anyone but himself
[11:17] {dino} dk, he seemed at a loss. usually he is condecending
[11:17] {dino} agree there ron
[11:19] {Threei}  my guess is,
[11:19] {Threei}  this situation with debt ceiling turns out to be a real problem for him
[11:20] {Threei}  attempts to turn republicans into guilty side don't really work,
[11:20] {Threei}  not because public enamored with them,
[11:20] {Threei}  but simply because US default still makes him a president under whose watch it happened
[11:20] {Threei}  and if cuts is the only way to oprevent that
[11:21] {Threei}  he is both, president who rewarded one side with huge bailouts and cut the entitlements for another,
[11:21] {Threei}  and a traitor to his own party cause.
[11:21] {Threei}  can you say scilla and haribda?
[11:22] {RonS} actually, no...
[11:22] {_edusantos} going to try ADBE .25 break
[11:22] {_edusantos} stop lod
[11:22] {Threei}  why not ron, too hard to pronounce?? :)
[11:25] {dino} ugh missed trw
[11:26] {RonS} took trw l .99 sm...tgt .38
[11:26] {dino} nav sm l 99
[11:26] {dino} gj
[11:29] {dino} here you go
[11:29] {Threei}  Atlantis is off
[11:30] {Threei}  can't believe this is the very very last one
[11:30] {_edusantos} ADBE invalidated
[11:31] {RonS} out trw +.39
[11:31] {samire} not easy market
[11:31] {dino} nor i 3i, piss poor planning
[11:32] {RonS} out ilmn +.40
[11:32] {dino} gj
[11:32] {dino} trw .40 area wall
[11:40] {dino} a to .60
[11:40] {dino} out +.55
[11:41] {dino} trw sm l .75
[11:44] {nemo} http://www.sovereignman.com/expat/congress-wants-automatic-wage-deductions-to-pay-down-the-debt-HR-2411
[11:48] {_edusantos} have a great weekend. see you.
[11:48] {Threei}  take care edu
[11:48] {dino} cya edu
[11:49] {samire} good call dini   trw
[11:49] {samire} dino
[11:49] {samire} trw
[11:49] {samire} thanx
[11:49] {dino} ty
[11:49] {dino} yw
[11:50] {jfjf64} mkt  gap  fill
[11:50] {jfjf64} ?
[11:50] {dino} imo no
[12:12] {samire} no body posting
[12:12] {samire} 17 minutes
[12:13] {Threei}  what are you, p;osting police?
[12:14] {Threei}  market is locked within 2 points for almost an hour
[12:15] {dino} watch dks become my second rinse of the day
[12:19] {samire} Vad....u r under arrest
[12:19] {samire} green card please
[12:19] {Threei}  for posting or not posting?
[12:19] {RonS} lol
[12:19] {samire} y
[12:19] {dino} trw gonna pulp
[12:20] {RonS} have no idea what that means...
[12:21] {jfjf64} ty  rs
[12:22] {dino} pulp moves baby; seinfeld
[12:29] {_normasue} good morning
[12:30] {Threei}  hi norma
[12:30] {Threei}  missed decent day
[12:30] {dino} you need a new clock norma
[12:30] {Threei}  lol
[12:30] {_normasue} did I miss anything?
[12:30] {jfjf64} ask  samire
[12:31] {jfjf64} mkt police
[12:31] {Threei}  yes... a few quite decent trades
[12:31] {_normasue} had business to attend
[12:35] {dino} out nav .44, +.45
[12:38] {RonS} headline of the day:  Polar bear origins: Polar bears have Irish ancestry, suggests DNA study
[12:39] {Threei}  reminds me about a baby polar bear who asked his mother many questions about his ancestry
[12:39] {Threei}  whether there was a black bear, or grizzly, in their lineage
[12:40] {Threei}  when mother finally said "no, we are pure polar bears, but why do you ask"
[12:40] {Threei}  he answered "why am I so cold then..."
[12:41] {RonS} good news from that:  you will be keeping your day job...
[12:41] {RonS} :D
[12:42] {Threei}  sigh
[12:42] {Threei}  no signle chance to kick me on my jokes you've missed...
[12:42] {RonS} oops, may have healine of day wrong:  Top Obama adviser says unemployment won't be key in 2012
[12:43] {Threei}  what will then?
[12:43] {dino} they've given up
[12:45] {dino} trw to .25
[12:45] {RonS} .35
[12:46] {dino} make it .30
[12:46] {dino} .40 wall again
[12:46] {RonS} dino expert in special olympics...
[12:46] {dino} stop .30, +.55
[12:47] {RonS} gj
[12:47] {dino} lol ron, but .40 has been the issue
[12:48] {RonS} so, what's w/ ese building his own deck?  no mexicans in victoria?
[12:48] {RonS} trw .42
[12:48] {RonS} .48
[12:48] {dino} see it
[12:49] {Threei}  not really Ron
[12:49] {dino} wow nav
[12:49] {dino} i'm bailing too soon
[12:49] {Threei}  some for daffodil picking early in the aspring, that's all
[12:49] {RonS} sorry, but lol...
[12:49] {dino} you still in trw?
[12:50] {RonS} never was this time...
[12:50] {RonS} thought pulp meant poop...
[12:51] {dino} seinfeld, george gets pulp in his eye; "pulp moves baby"
[12:51] {jfjf64} lol
[12:52] {dino} a reality trader term, huh vad
[12:52] {RonS} trw .70
[12:52] {Threei}  lol, true
[12:52] {dino} i see it
[12:53] {RonS} ya know when i was teenager i picked fruit w/ the braceros...
[12:54] {RonS} ...prunes the worst...pears the best...
[12:56] {Threei}  I better refrain from comments
[12:56] {RonS} little mexican indian that i worked w/ at the gas co said that picking cotton was the absolute worst
[12:57] {dino} i always hated digging potatos
[12:57] {_normasue} I sewed tobaco
[12:57] {RonS} he and his brother would hide in the bottom of the bag to pad the weight
[12:57] {RonS} they were kids then...
[12:57] {Threei}  creative
[12:58] {dino} brb
[12:59] {RonS} frankie, our boss Mos Higasiuchi and i were an emergency gas leak crew
[12:59] {RonS} like being a fireman...great summer job during college
[13:02] {RonS} i could run a 90 lb jack hammer in those days like it was nothing
[13:03] {RonS} frankie and i would dig the hole, mos would weld the patch
[13:04] {RonS} excitement was finding the leak and praying some ahole did not throw a lit cig in area
[13:04] {dino} yeah, that would suck
[13:06] {dino} arx to .44
[13:12] {_normasue} do you use that intelliScan?
[13:12] {Threei}  I do
[13:12] {_normasue} How much is it a month?
[13:12] {Threei}  60
[13:13] {dino} out arx .45, +.20
[13:13] {_normasue} In demo is it 20 min delayed?
[13:13] {Threei}  no, real time, but limited to one setup
[13:14] {_normasue} how do you sign up for it?
[13:14] {Threei}  on the website...
[13:14] {_normasue} tks
[13:15] {RonS} luv it:  Mitt Romney wishes he had the power to fire a senior Obama adviser so the Democrat would know what its like to be jobless.
[13:16] {RonS} “If David Plouffe were working for me, I would fire him and then he could experience firsthand the pain of unemployment,” Romney said Friday in response to remarks from the president’s aide saying Americans will not vote based upon the employment rate.
[13:16] {_normasue} good one
[13:16] {RonS} “His comments are an insult to the more than 20 million people who are out of work, underemployed or who have simply stopped looking for jobs,” Romney said. “With their cavalier attitude about the economy, the White House has turned the audacity of hope into the audacity of indifference.”
[13:17] {_normasue} bunch of idiots
[13:18] {_normasue} the whole government
[13:18] {dino} good job romney
[13:21] {dino} bont spike
[13:22] {RonS} wow, 31% float short...3 mil sh
[13:28] {RonS} wow, gmcr all time high
[13:30] {dino} 07 all green
[13:31] {dino} arj?
[13:31] {RonS} something to like?:  gsvc has 15% of portfolio in facebook...unconfirmed report...
[13:32] {RonS} no news arj
[13:33] {dino} none here either
[13:33] {RonS} no shorts to sperak of either
[13:33] {RonS} speak
[13:33] {dino} none avail/can't borrow cyber
[13:41] {_normasue} do you trade on cyber dino?
[13:48] {dino} yes
[13:50] {_normasue} are you in there chat room also?
[13:52] {dino} no
[13:52] {dino} this room is enough for my way
[13:53] {_normasue} i hear you
[13:54] {_normasue} I use to work with a dino along time ago is that your name?
[13:54] {dino} no
[13:54] {Threei}  like in jurassic era?
[13:55] {Threei}  then it's him
[13:55] {_normasue} ha ha
[13:55] {dino} been here, five or so years, right vad
[13:55] {Threei}  I think so
[13:55] {_normasue} that is a long time
[13:57] {samire} watching HAS on 5s
[14:00] {samire} in
[14:00] {_normasue} what does on 5s mean?
[14:02] {samire} 5 min chart
[14:02] {_normasue} tks
[14:03] {samire} break of previous candle
[14:06] {samire} has is movivg slowly
[14:08] {samire} Vad........did you understand my has set up ?
[14:08] {samire} on 5 min chart
[14:08] {Threei}  ummm
[14:09] {Threei}  I don't even know how to answer that
[14:09] {_normasue} hook reversal Samire
[14:09] {samire} yes
[14:09] {samire} sold 1/2   @ .22
[14:11] {dino} trw dropping
[14:16] {dino} sm l .75 ecpg
[14:20] {dino} trw sm l .55
[14:21] {Threei} Short Setup: SLW  .10 break
[14:23] {_normasue} short
[14:23] {samire} in
[14:23] {Threei}  stop above .20 of course
[14:25] {samire} market is not moving
[14:27] {dino} friday afternoon, typical
[14:29] {RonS} nuts, jf not here...
[14:33] {dino} ecpg stop
06[14:44] * Threei hits SLW over the head with 2x4
[14:45] {dino} wow ecpg
[14:46] {dino} sm l .80
[14:48] {dino} stopped afain
[14:57] {samire} has still running
[14:59] {RonS} consumer credit 1 min
[15:00] {Threei}  *(US) MAY CONSUMER CREDIT: $5.07B V $4.0BE (9TH CONSECUTIVE MONTHLY INCREASE)
[15:02] {Threei}  I am ready to finish this boredome
[15:02] {RonS} ya...
[15:02] {Threei}  scratched SLW
[15:03] {Threei}  let's have a good weekend if you don't mind
[15:03] {dino} trying to find info on ecpg
[15:03] {Threei}  decent first half of the day, why push it
[15:08] {samire} HAS on 5 was my best trade for today
[15:08] {Threei}  see you all on Monday
[15:08] {dino} gj sami, cya vad
[15:10] {samire} bye
[15:15] {dino} out trw .85, +.30
[15:19] {dino} ecpg atty gen texas charges ecpg w/violaionson collections
[15:33] {samire} took arw on 5
[15:33] {samire} and sold
[15:33] {samire} small profit
[15:36] {samire} bbt long here
[15:43] {samire} have a good weekend
[15:43] {dino}  all day to lose .10 on fst out .70
[16:04] {dino} gn all
[16:13] {_normasue} gn all