Thursday, August 11, 2011

Aug 11 2011

Meh. Always hated these slow climb days. Boring and fruitless. Worthy read though: http://www.facebook.com/RealityTrader/posts/199127350147293

Session Time: Thu Aug 11 00:00:00 2011
[09:09] {nemo} hey ese, get my email?
[09:09] {Threei}  is it time to wake up yet?
[09:20] {Threei}  door prize to be determined yet to whoever guesses the first tade of the day
[09:20] {nemo} slw short
[09:20] {larisa} gm :)
[09:20] {nemo} cough it up
[09:20] {RonS} gm
[09:20] {Threei}  howe did you know??
[09:20] {Threei}  larisa, ron :)
[09:20] {nemo} I'm psycho
[09:20] {Threei}  ah
[09:21] {Threei}  as if I didn't know...
[09:21] {Threei}  hopefully it doesn't do what it yesteday
[09:21] {Threei}  it did
[09:24] {dino} gm all
[09:24] {Threei}  dino :)
[09:30] {nemo} charts aren't keeping up already
[09:31] {Threei}  4th chart erver
[09:31] {Threei} Short Setup: SLW  .40 break
[09:31] {Threei}  1:1
[09:32] {Threei} Short Setup: RIMM  .50 break
[09:32] {Threei}  if stays under .60
[09:32] {Threei}  two-sided
[09:33] {Threei}  long it is
[09:34] {Threei}  no go
[09:34] {Threei}  rinse?
[09:35] {Threei}  yeah... grrr
[09:36] {Threei} Long Setup:  FCX  .40 break
[09:36] {Threei}  half lot
[09:36] {Threei}  invalidated
[09:37] {nemo} check .10 level long
[09:38] {Threei}  yeah, next entry is around 44 - 44.10
[09:38] {nemo} pivot .08
[09:41] {Threei} Long Setup:  FCX  .10 break
[09:41] {Threei}  44 break now
[09:41] {Threei}  ugh, fast
[09:42] {Threei}  ok, valid
[09:42] {Threei}  if stays above .85
[09:42] {Threei}  not a scalp
[09:42] {Threei}  1:1
[09:43] {Threei}  stop for the balance to .95
[09:43] {nemo} this volatility
[09:43] {Threei}  yeah
[09:43] {Threei}  target .45
[09:43] {Threei}  if not rinses the balance
[09:43] {Threei}  ok... lol
[09:47] {Threei} Long Setup:  RIMM  .70 break
[09:50] {Threei}  I guess I need to leave RIMM alone for now
[09:50] {Threei}  doesn't cooperate
[09:52] {Threei} Long Setup:  SLW  .25 break
[09:52] {Threei}  if holding .10
[09:53] {Threei}  invalidated
[09:53] {nemo} watch .85 level
[09:55] {Threei} Short Setup: FCX  .80 break
[09:55] {Threei}  half lot
[09:56] {Threei}  let's respect this volatility, it's seriosuly abnormal
[09:56] {Threei}  hit 1:1 while I typed that
[09:58] {dino} vxx sm s .99
[09:58] {Threei} Short Setup: FCX  .15 break
[09:59] {Threei}  if stays under .30
[09:59] {Threei}  1:1
[10:01] {dino} cov vxx .70, +.30
[10:01] {dino} .29
[10:02] {Threei} Long Setup:  SLW  .25 break
[10:02] {Threei}  stop under .15
[10:03] {Threei}  1:1
[10:04] {dino} coh sm l .50
[10:11] {Threei} Short Setup: SLW  .60 break
[10:11] {Threei}  if stays under .70
[10:12] {Threei}  invalidated
[10:13] {nemo} pivot slw 36.12
[10:16] {nemo} cap volume slw?
[10:16] {Threei}  ?
[10:16] {nemo} capit
[10:16] {nemo} ulation
[10:17] {nemo} nope, next stop likely 36.12
[10:17] {Threei}  I can't decipher your question
[10:17] {nemo} Let me do a coupla shots, that might help
[10:17] {nemo} thought that slw volume might be capitualtion for a short, looks like pivot level is likely now
[10:20] {Threei}  FCX, watching for dive to about .50 for long
[10:21] {Threei}  desirably under
[10:21] {Threei}  so we could get .40 - .50 setup
[10:21] {Threei}  ok
[10:21] {Threei}  in
[10:22] {Threei}  stop under .40
[10:22] {Threei}  1:1
[10:22] {Threei}  1:2
[10:23] {Threei}  that was easy
[10:23] {Threei}  finally decent one easy to read
[10:23] {Threei}  out in full
[10:23] {Threei}  1:3
[10:37] {Threei} Short Setup: RIMM  .15 break
[10:37] {Threei}  let's see if this one became more obedient
[10:37] {Threei}  if stays under .25
[10:37] {nemo} france and italy banning short selling
[10:38] {Threei}  idiots
[10:38] {Threei}  as if it helped anyone in the past
[10:38] {Threei}  invalidated
[10:41] {dino} ironic, it's always blame the shorts
[10:42] {Threei}  just to be seen as doing something, and picking the target that is widely misunderstood by public
[10:43] {Threei}  who cares about the result, it's all about the appearances
[10:43] {Threei}  frikin tweeting nation
[10:43] {Threei}  bumper-sticker thinking
[10:47] {dino} dgit sm l ave .65
[10:59] {RonS} wow soda
[11:01] {dino} just looking at that
[11:01] {dino} gap around 43.75
[11:04] {dino} filled
[11:07] {dino} db on it
[11:08] {dino} smr l .00 risky
[11:08] {dino} out .49, +.49
[11:08] {RonS} gj
[11:09] {dino} ty
[11:09] {dino} pulp
[11:09] {Threei}  nice one
[11:10] {dino} smr l 26
[11:12] {dino} out .80, +.54
[11:13] {Threei}  watchign for SLW bounce to short
[11:15] {dino} smr l .10
[11:15] {dino} out .76, +.66
[11:16] {RonS} wow...like a fiddle...
[11:16] {dino} lol
[11:16] {dino} crazy mover
[11:17] {dino} coh stop -.31
[11:20] {RonS} soda wants to break 40
[11:20] {dino} soda smr l .81
[11:20] {RonS} left 2 cents on the table...lol
[11:21] {dino} out .33, +.52
[11:25] {dino} feels like 40s
[11:27] {dino} or not
[11:29] {dino} missed a big move
[11:33] {Threei}  A new crisis of confidence gripped Europe's banking industry Thursday as its borrowing costs soared, lenders sought emergency funding, and some institutions reviewed exposure to French banks in particular.
[11:34] {Threei}  French banks have an unusually high exposure to some of the European countries whose debt levels are starting to look unmanageable.
[11:39] {dino} and they lecture us
[11:40] {Threei}  heh
[11:40] {Threei}  not that we are in position to lecture anyone either, lol
[11:40] {Threei}  amazing how widespread and deep this crisis is
[11:41] {Threei}  no country in the world is unblemished in this, and none will remain untouched
[11:42] {larisa} even republic of kiribati ?
[11:42] {Threei}  those especially
[11:43] {larisa} doubt it :)
[11:43] {Threei}  just watch them
[11:53] {dino} smr l soda .71
[11:58] {dino} out .stop -.40
[12:04] {dino} rinsed
[12:29] {dino} smr l soda .75
[12:30] {dino} stop -.35
[12:32] {dino} rinsed again, hmmmm
[12:34] {Threei}  market stalled...
[12:35] {Threei}  often leads to aimless wandering in individual stocks, thus rinses
[12:53] {dino} out dgit .00, +.35
[13:01] {Threei}  SLW
[13:01] {Threei}  looks double-toppy
[13:05] {Threei} Short Setup: SLW  .15 break
[13:06] {nemo} 30 yr crashing
[13:06] {nemo} tlt also
[13:06] {nemo} PMs likely to get a bid here
[13:13] {dino} gap tlt 102.46 area
[13:21] {dino} tlt sm l .50
[13:21] {Threei}  Sarkozy and Merkel to discuss euro zone on Tuesday
[13:21] {dino} stop -.25
[13:22] {Threei}  Sarkozy: so, whatcha think?
[13:22] {Threei}  Merkel: whatever... pour some wine
[13:22] {Threei}  Sarkozy: and euro zone?
[13:23] {Threei}  Merkel: like I said...
[13:27] {dino} another rinse
[13:47] {Threei}  friking SLW got away
[14:36] {Threei} Short Setup: SLW  .60 break
[14:37] {dino}   calling it a day, cya
[14:37] {Threei}  really?
[14:37] {Threei}  last hour may finally bring something
[14:38] {Threei}  betting on selloff
[14:39] {RonS} nutz
[14:40] {Threei}  it is
[14:40] {Threei}  maybe dino's right, lol
[14:54] {RonS} ...freakin guy cannot stay off tv
[14:54] {Threei}  election is coming, ya know
[14:55] {RonS} just think about it...he never works...golf, fund raisers, vacations, and spews bs on air...
[14:56] {Threei}  you mean it is not work?
[15:21] {nemo} I'm outta' here c u later
[15:21] {Threei}  take care
[15:22] {RonS} cya nemo....until tomorrow for me too 3i...
[15:25] {larisa} it either -500 or +500 these days :)
[15:25] {Threei}  no kidding
[15:25] {Threei}  OK, I guess I am off as well
[15:25] {larisa} bye :)
[15:25] {Threei}  see you tomorrow