Tuesday, August 9, 2011

Aug 09 2011

Decent day with one stop and a few winning trades. We cut down on activity when the market stalled for a long while, then became extremely volatile after Feds promise to keep rates low for 2 more years. Thought of the day: http://t.co/AhKaQPD


Session Time: Tue Aug 09 00:00:00 2011
[09:08] {nemo} amazing...to be at these levels after the overnight futures action..unfrickinbelievable
[09:09] {Threei}  volatile times...
[09:25] {dino} gm all
[09:25] {larisa} gm :)
[09:25] {Threei}  dino, larisa :)
[09:27] {larisa} vad :)
[09:27] {RonS} gm everyone
[09:28] {Threei}  ron :)
[09:29] {Threei}  relief rally or whacking the mole
[09:29] {Threei}  challenge to etermine
[09:31] {nemo} spy and iwm opened exactly at their pivot points. coincidence, I think not
[09:31] {ese} mornin
[09:31] {Threei}  ese :)
[09:31] {Threei} Short Setup: SLW  .50 break
[09:31] {nemo} invalimudated?
[09:31] {Threei}  .70 now
[09:31] {Threei}  spread...
[09:32] {nemo} wow, spread
[09:32] {nemo} ;)
[09:32] {Threei}  valid now
[09:32] {nemo} too spready right now
[09:32] {nemo} for me
[09:32] {Threei}  no, narrowed
[09:32] {Threei}  and triggered
[09:32] {ese} L vale .59
[09:32] {Threei}  stop above .80
[09:32] {nemo} yeah, down to .05
[09:32] {Threei}  1:1
[09:32] {Threei}  wa .02 at the time
[09:33] {Threei}  was targeting RIMM .50 break that was waaay too fast
[09:33] {Threei}  1:2
[09:34] {Threei}  1:3, ourt
[09:34] {ese} stop to break even
[09:35] {Threei} Short Setup: RIMM  .40 break
[09:35] {ese} out 1/2 .80 +.21
[09:35] {Threei}  stop above .50
[09:36] {ese} to .69
[09:37] {ese} to .79
[09:38] {nemo} see offers at .50
[09:38] {ese} out in full .97 +.38
[09:38] {Threei}  wtg ese
[09:39] {ese} tks
[09:39] {ese} leavin for Denmark in 4 days and have stuff to do this morning need to get it done early
[09:40] {Threei}  meaning, you need to start drinking TODAY??
[09:40] {ese} hmmmmmmmm.....now that you mention ti
[09:40] {Threei}  die already RIMM
[09:42] {Threei}  stop to .46
[09:42] {Threei}  1:1
[09:43] {dino} going for gap fill
[09:44] {dino} filled dji
[09:46] {Threei} Short Setup: FCX  43 break
[09:47] {Threei}  invalidated
[09:50] {Threei} Long Setup:  LVS  .80 break
[09:50] {nemo} fast today
[09:51] {dino} pvh sm l .75
[09:51] {Threei}  ummm
[09:51] {Threei}  1:2... lol
[09:51] {nemo} was .93 when I got their
[09:51] {Threei}  get their faster... they hide theirs rapidly
[09:52] {larisa} I had it open, did not even have time to blink :)
[09:52] {Threei}  but yeah, that was near unobtainable
[09:52] {Threei}  blink?
[09:52] {Threei}  blink??
[09:52] {Threei}  who is blinking when trading??
[09:53] {Threei} Short Setup: FCX  .60 break
[09:53] {Threei}  stop above .70
[09:54] {Threei}  not a scalp this one
[09:54] {Threei}  1:1
[09:54] {nemo} my charts are'nt handling this
[09:54] {Threei}  hmmm... fine here
[09:54] {pragmatic} what is your platform nemo ?
[09:54] {Threei}  your computer or your connection
[09:54] {nemo} I've been having trouble for a few days now
[09:55] {nemo} quotes fine, charts out of sync
[09:55] {pragmatic} is that Laser ?
[09:55] {nemo} yep
[09:55] {pragmatic} charts suck on Laser
[09:55] {pragmatic} never in sync
[09:55] {nemo} yeah, but they usually work o.k.
[09:55] {Threei}  why mine are OK...
[09:56] {Threei}  1:2
[09:56] {nemo} don't know
[09:56] {pragmatic} I am rotating chart servers, that helps sometime
[09:56] {Threei}  stop .55 for the last part
[09:56] {larisa} Laser is the only one whose L2 is ok in these fast conditions, other brokers are really delayed..
[09:57] {Threei}  true
[09:57] {pragmatic} L2 is great, no complains
[09:57] {Threei}  now, how on earth do you have time for this when in trade?
[09:57] {pragmatic} I was out 1:1
[09:57] {nemo} not in it
[09:57] {Threei}  why not?
[09:57] {Threei}  it gave ample chance
[09:57] {Threei}  for entry
[09:59] {Threei} Short Setup: RIMM  .40 break
[09:59] {nemo} because my charts are so screwed up
[10:00] {dino} out pvh .83, +1.08
[10:00] {Threei}  you mean you don't even see a configuration on one minute?
[10:00] {Threei}  you don't need to see current candle's fluctuations to evaluate the setup
[10:00] {Threei}  lack of synch may cause this current vcandle not to move
[10:00] {nemo} the charts aren't right, can be .30 difference between chart and T&S
[10:00] {Threei}  but setup still should be easily visible
[10:01] {Threei}  and level 2/T&S do the rest
[10:01] {Threei}  wow
[10:01] {Threei}  that's not what happens here at all
[10:01] {Threei}  RIMM invalidated
[10:01] {pragmatic} was RIMM double-sided setup? The range was pretty narrow (5c)
[10:01] {pragmatic} oh my
[10:01] {Threei}  ummm... yes
[10:01] {Threei}  lol
[10:02] {pragmatic} new iRIMM ?
[10:02] {Threei}  market spike
[10:06] {dino} wtw sm l .27
[10:06] {pragmatic} what does wtw stand for ?
[10:06] {nemo} Weight Watchers
[10:06] {RonS} weight watchers...it is a stock
[10:07] {pragmatic} ok
[10:08] {RonS} hearing aol circuit halt
[10:09] {RonS} ...nah, trading now
[10:09] {Threei}  just resumed
[10:10] {Threei}  halted again
[10:10] {dino} stop wtw -.30
[10:18] {patience} good morning
[10:19] {Threei}  morning patience
[10:22] {nemo} lvs short?
[10:22] {Threei}  if you can get it
[10:22] {Threei}  unavailable here
[10:23] {pragmatic} shortable to me
[10:23] {Threei}  invalidated as a break, but may be as aggressive
[10:23] {Threei}  .20 break
[10:23] {Threei}  half lot
[10:24] {Threei}  how about that
[10:27] {Threei}  anyone took it?
[10:28] {pragmatic} LVS ?
[10:28] {Threei}  what else, lol
[10:29] {pragmatic} it jumped down too fast. I believe it was 1:1 almost right away
[10:29] {Threei}  well, it triggered first, slow enough
[10:29] {Threei}  THEN it jumped down for exiting
[10:30] {pragmatic} excellent call anyway
[10:31] {pragmatic} 39 would be a more conservative entry, but it reversed
[10:31] {Threei}  39 would have been a regular entry before invalidation
[10:31] {pragmatic} ok
[10:31] {pragmatic} RIMM is topping
[10:34] {pragmatic} X l .80 ?
[10:35] {Threei}  was
[10:38] {Threei} Short Setup: RIMM  23 break
[10:40] {Threei}  1:1
[10:46] {pragmatic} ty for RIMM btw
[10:47] {nemo} http://brokershandsontheirfacesblog.tumblr.com/
[10:47] {Threei}  yw
06[11:01] * pragmatic back to work. Happy trading :)
[11:01] {RonS} cya prag
[11:06] {RonS} dang dino, we shoulda been dogging panl...
[11:07] {nemo} oy, the visuals
[11:09] {dino}  yeah
[11:17] {Threei} Short Setup: RIMM  23 break
[11:17] {Threei}  deja vu
[11:25] {Threei}  no go
[11:25] {Threei}  first stop today
[11:40] {nemo} http://dailycaller.com/2011/08/09/did-rep-barney-frank-fart-on-live-tv/
[11:40] {RonS} oy
[11:44] {nemo} ow
[11:44] {nemo} http://www.azcentral.com/community/chandler/articles/2011/08/07/20110807cr-penisshot0811.html
[11:51] {ese} now that is funny........could be the out right winner of the Darwin Awards for ridding the gene pool of undesireable genes
[11:53] {Threei}  lol
[11:54] {ese} usually the criteria for winning the award is that your not suppose to survive
[11:57] {ese} although there have been winners who have survived.....the famous one ...story line"testosterone and Beer still don't mix" was a good one.....four guys out golfing...one guy decides he's going to clean his balls......climbs up on the ball washer and sticks his testiicles in...he slips and falls and tears them off there by ridding the gene pool of unwanted gen
[11:58] {ese} genes......he won the award that year
[11:58] {ese} funnier than hell
[12:44] {Threei}  looooong stall
[12:44] {Threei}  no see those for a while
[13:04] {nemo} tna .67
[13:05] {nemo} wow that sucked
[13:06] {nemo} partialed at .85 and got downdrafted to .51
[13:06] {Threei}  volatility is still nasty
[13:06] {nemo} that was the risne
[13:06] {nemo} rinse
[13:09] {Threei}  yeah
[13:09] {nemo} always one entry early
[13:53] {Threei}  crap
[13:53] {Threei}  missed TZA .15 long
[13:56] {Threei}  grrr
[14:17] {dino}   ,
[14:17] {RonS} fed taking 0 cue...late...
[14:18] {Threei}  statement by ben?
[14:19] {dino} not yet, late
[14:20] {Threei}  hmm?
[14:20] {Threei}  what the deuce
[14:21] {Threei}  is it 2012 already?
[14:21] {dino} what happened
[14:22] {Threei}  no clue
[14:22] {dino} s/p filled
[14:23] {dino} fed to keep rates low thru mid 2013
[14:24] {dino} sun drop
[14:24] {dino} and bounce
[14:24] {Threei}  are they insane?
[14:24] {Threei}  telegraph rate intentions for two years forward?
[14:25] {dino} just did
[14:25] {Threei}  yes... hence the question :)
[14:26] {dino} ;)
[14:26] {Threei}  promise of low rates normally lifted the market
[14:26] {Threei}  they counted on the same effect this time?
[14:26] {Threei}  and overdid it a bit, singaling lack of confidence instead?
[14:27] {Threei}  this is the only line of thought I have about this
[14:27] {nemo} wait...give it 15 minutes
[14:27] {dino} or europe is so messed up, first part of helping them
[14:41] {nemo} Wow
[14:41] {dino} wow -160
[14:41] {nemo} at least oil is down
[14:41] {dino} ndx filled
[14:42] {dino} broke yesterdays lows
[14:42] {nemo} tza is almost double tna
[14:42] {Threei}  oh boy
[14:42] {Threei}  now what?
[14:43] {nemo} throw the women and children overboard
[14:46] {dino} wtw sm l .75 jumpy
[14:46] {nemo} ballsy dino
[14:47] {dino} :D
[14:49] {dino} out .45, +.70
[14:52] {dino} 450 pt range day
[14:53] {Threei}  do you see any news for this last drop-spike?
[14:54] {dino} no
[14:54] {Threei}  whole lot of shot down nervous systems around, lol
[14:54] {nemo} and those are the HFT programs
[14:56] {Threei}  haha
[15:01] {Threei}  aheesh... look at oil
[15:02] {dino} wtw sm l .50
[15:07] {dino} out .tlt spike
[15:09] {dino} tbt 3 yr low
[15:10] {Threei}  no wonder
[15:11] {dino} wtw out .83, +.33
[15:13] {Threei}  Generic Republican continues his winning ways
[15:13] {Threei}  Generic Republican 46%, Obama 43%
[15:19] {Threei}  this is first time in a while I see buyers taking charge
[15:21] {dino} 07 all green
[15:31] {Threei}  http://t.co/AhKaQPD
[15:32] {nemo} sitting at the pivot on spy, that was likely the bottom for awhile
[15:47] {Threei}  strong into close too
[15:47] {nemo} this was the bottom
[15:47] {dino}  maybe so
[15:47] {Threei}  well... for now
[15:47] {Threei}  one green day bull market maketh not
[15:48] {nemo} no but that's a double bottom formation
[15:48] {Threei}  hmm?
[15:48] {Threei}  what time frame?
[15:48] {nemo} 15 minute, then on 4 hour you have double hammers
[15:49] {Threei}  I am not convinced
[15:49] {nemo} daily you havebullish configuration too
[15:49] {nemo} Me neither, just seeing what I see
[15:49] {Threei}  it's a beginning,b ut it's not completed bottoming formation
[15:55] {dino}  550 pt range
[15:58] {dino} going for 600 range
[15:58] {dino} crazy days
[15:58] {dino} "may you live in interesting times"
[15:58] {Threei}  we sure do
[15:59] {dino} i day is like a month of trading
[15:59] {Threei}  ok gujys, have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {dino} same here, gn all
[15:59] {Threei}  for another 600 pts