Monday, August 22, 2011

Aug 22 2011


Perfect day with 7 calls, 7 wins. Catch of the Day is open break setup, annotations on chart should suffice



Session Time: Mon Aug 22 00:00:00 2011
[09:06] {Threei}  (VZ) Venezuela plans to remove gold from the BOE; follows prior announcement Venezuela plans to remove its gold stored overseas back to domestic vaults - world press
[09:06] {Threei}  - Reminder: On 8/16 reports circulated that Venezuela will move gold currently stored overseas to Central Bank vaults; Transferring "billions of dollars" of cash reserves to banks in Russia, China and Brazil.
[09:06] {Threei}  - Note: Venezuela last week announced its intent to nationalize the gold industry.
[09:09] {nemo} wonder if the boats will sink in international waters?
[09:09] {Threei}  lol
[09:11] {Threei}  news from Europe get progressively worse, yet market focus moved on to jackson Hole
[09:11] {Threei}  just imagine what happens in no QE3 announced
[09:11] {Threei}  or hinted
[09:11] {Threei}  ever saw 1000 points gap down?
[09:11] {nemo} this may be a Khadaffi bounce
[09:12] {nemo} my system won't handle it
[09:20] {dino} gm all
[09:20] {larisa} gm :)
[09:20] {Threei}  dino :)
[09:20] {Threei}  larisa :)
[09:20] {larisa} vad :)
[09:21] {dino} i really don't think markets expect qe3
[09:21] {Threei}  I think market doesn't know what to expect./..
[09:22] {Threei}  it's a lot of "one hand, on another hand"
[09:22] {Threei}  on one hand, Ben has not much atrenative,
[09:22] {Threei}  on anoter it didn't work in the past and dug deeper hole
[09:23] {Threei}  on one hand Europe main economic powers want no euro bonds,
[09:23] {Threei}  on another, there is no other way to stop the immediate collapse
[09:24] {Threei}  indecisive and bipolar market jumps from desperation to hope to fear,
[09:24] {Threei}  thus these wild swings
[09:27] {RonS} howdy all
[09:27] {Threei}  Ron :)
[09:27] {Threei}  no clear opening play,
[09:28] {Threei}  and overall, want to stay on careful side - big gap up is not exactly our environment
[09:29] {Threei}  SLW spread is wider than usual premarket
[09:31] {Threei}  let's give it a min or two
[09:31] {Threei}  SLW and RIMM on watch
[09:32] {Threei} Short Setup: RIMM  .35 break
[09:32] {Threei}  if stays under .45
[09:33] {Threei}  Obama: Strongly Approve: 20%.. Strongly Disapprove 44%... Approval Index: -24
[09:33] {Threei}  new all time low
[09:34] {dino} hate to see these big gap openings, they usuallt get filled at some point in time
[09:34] {Threei}  1:1 RIMM
[09:34] {Threei}  half out, stop to .41
[09:35] {Threei}  1/4 more out
[09:35] {Threei}  stop to .36
[09:36] {Threei} Long Setup:  SLW  .40 break
[09:37] {Threei}  if holding .30
[09:37] {Threei}  not a scalp
[09:37] {Threei}  can do .80 easy
[09:37] {Threei}  1:1
[09:37] {Threei}  1/3 out
[09:38] {Threei}  stop to .35
[09:39] {Threei}  RIMM last piece is closed b/e
[09:39] {Threei}  SLW 1/3 more out .65
[09:39] {Threei}  stop to .39
[09:40] {Threei}  offering last 1/3 .78
[09:40] {Threei}  stop to .45
[09:41] {Threei}  target hit
[09:41] {Threei}  out in full, and want to go home
[09:43] {Threei}  girls that wake up too late get no worm
06[09:43] * Threei slants at patience
[09:43] {Threei} Long Setup:  FCX  .40 break half lot
[09:44] {Threei}  invalidated
[09:48] {Threei}  not shorting FCX at 43 break is my only life regret this morning
[09:48] {Threei}  had a good reason for skipping it though
[09:52] {dino} lulu sm l .26
[09:54] {dino} out lulu .67, +.41
[09:54] {Threei}  wtg
[09:54] {dino} ty
[09:54] {Threei}  http://t.co/uL787Id
[09:58] {Threei}  The economy is so bad Exxon laid off 25 congressmen
[09:58] {Threei}  lol
[10:00] {Threei}  *(US) Q2 MORTGAGE DELINQUENCIES: 8.44% V 8.32% PRIOR; MBA MORTGAGE FORECLOSURES: % V 4.52% PRIOR
[10:00] {Threei}  4.43% V 4.52%
[10:04] {Threei} Long Setup:  TZA  .55 break half lot
[10:04] {Threei}  valid from here if stays above .35
[10:05] {Threei}  let's change to .50 break
[10:05] {Threei}  in
[10:05] {Threei}  stop is the same, under .35
[10:05] {Threei}  half out
[10:05] {Threei}  .71
[10:05] {Threei}  out in full .95
[10:05] {Threei}  diaper change time
[10:06] {nemo} missed the break
[10:06] {RonS} got .38 to .98  thanks 3i
[10:06] {Threei}  :)
[10:06] {Threei} Short Setup: FCX  42 break
[10:07] {Threei}  invalidated
[10:13] {Threei}  wow TZA
[10:13] {Threei}  exited a little bit too soon
[10:13] {Threei}  just a tad, like 50 cents
[10:13] {nemo} went to pivot and pulled back
[10:15] {RonS} sgen sm l .35
[10:18] {Threei}  couple moves by RIMM that in retrospect were tradeable...
[10:18] {Threei}  missed them
[10:21] {dino} chk sm l .04
[10:23] {dino} gpor sm l .07
[10:25] {RonS} out sgen .65  +.30
[10:27] {dino} gj
[10:27] {RonS} ty
[10:37] {dino} sm l .98 idcc
[10:38] {Threei} Long Setup:  RIMM  27 break
[10:40] {dino} stop idcc -.31
[10:40] {Threei}  1:1
[10:40] {Threei}  out in full, just a scalp for me
[10:45] {Threei}  4:4
[10:45] {Threei}  I must ask again
[10:45] {Threei}  can I go home?
[10:46] {RonS} home is doghouse?
[10:47] {Threei}  permanently, yes
[10:47] {Threei}  sometimes I do get a pass for the evening
[10:48] {Threei}  if I behave... which is rarity
[10:48] {RonS} hehe, know the feeling or is it condition...
[10:49] {dino} idcc sm l .65
[10:51] {dino} out idcc .31, +.66
[10:51] {RonS} scalped idcc .92 to 63.30  thanks dino
[10:51] {dino} gj
[10:53] {RonS} dino, in chk .05...watcha thinkin for a target?  no read here
[10:54] {dino} .45
[10:54] {dino} but stop is .83
[10:54] {Threei}  hmm
[10:54] {Threei}  no news
[10:57] {dino} pretty good drop
[10:58] {nemo} we're going to test the bottom more than likely
[11:01] {Threei}  you nean 110.20 bottom?
[11:01] {nemo} Friday's
[11:01] {Threei}  oh that
[11:01] {nemo} hitting minor price support here
[11:06] {dino} gpor stop is .83, back in 20
[11:18] {Threei}  FCX setup is bweck
[11:18] {Threei}  back
[11:18] {Threei} Short Setup: FCX  42 break
[11:21] {dino} chk stopped -.21
[11:21] {Threei}  not a scalp for me, FCX
[11:23] {dino} gpor stop -.24
[11:24] {Threei}  1:1
[11:24] {dino} here come the open gap fills
[11:25] {Threei}  that's 5:5 today... thomd, this must be for you
[11:25] {Threei}  proper way to welcome new member
[11:26] {thomd} Yes, great day, missed one though, thanks
[11:27] {dino} gj
[11:38] {Threei}  it's quite remarkable that such large upward gaps get eliminated intraday
[11:38] {Threei}  telling too
[11:45] {Threei}  COMP went red
[11:48] {dino} lulu sm l.70
[11:49] {dino} chk sm l .53
[11:55] {dino} lulu stop -.25
[11:55] {dino} chk stop -.16
[11:59] {dino} lulu rinsed
[12:06] {dino} ppo sm l .94 ave
[12:09] {dino} gpor sm l .17
[12:13] {dino} chk rinsed
[12:19] {dino} chk sm l .50
[12:56] {dino} out ppo .04, +1.10
[12:57] {nemo} tza around here
[12:57] {patience} you're busy dino...only scalped slw and fcx today
[12:58] {dino} too busy earlier, a few stops
[13:01] {dino} gpor out ave .48, +.31
[13:03] {nemo} watching for lower high on spy and iwm
[13:05] {nemo} wm at pivot
[13:25] {dino} out chk .80 +.30
[14:06] {RonS} hearing O tv soon...
[14:06] {Threei}  on libya
[14:13] {RonS} not on his invasion of martha's vineyard?
[14:13] {Threei}  lol
[14:30] {RonS} hearing O off...to finish the back nine...
[15:15] {Threei}  time for end of day bets?
[15:15] {Threei}  IMO, red
[15:16] {nemo} think it ends near pivot and vwap, which are positive and very close together
[15:19] {Threei}  so... beer?
[15:19] {Threei}  my bet is SPY ends red
[15:19] {nemo} ok
[15:20] {Threei}  larisa... carrot juice?
[15:20] {Threei}  Chaeron... vodka?
[15:20] {Threei}  can't betr maryini, Raven is not here
[15:20] {Chaeron1} won't take the bet, but will take the Pertsovka...
[15:20] {Threei}  hmmm
[15:21] {dino} beer here, close dji +100
[15:25] {Threei}  ok... larisa's carrot huice is last bet left unclaimed
[15:32] {Threei}  .long tza around .60 on pullback
[15:32] {Threei} Long Setup:  TZA  around .60 on pullback
[15:35] {Threei}  no pullback
[15:36] {Threei} Short Setup: RIMM  .60 break
[15:41] {RonS} ...need jf...
[15:41] {Threei}  that slacker
[15:41] {patience} you in tza vad?
[15:42] {Threei}  no, never got pullback to my entry point
[15:42] {Threei}  right idea, no clean entry
[15:44] {Threei}  let's trail RIMM to .66
[15:44] {Threei}  time is running out
[15:44] {Threei}  want to keep risk tigther
[15:47] {Threei}  beautiful TZA
[15:47] {Threei}  right into .60 and sharply up
[15:48] {Threei}  RIMM 1:12
[15:48] {Threei}  1:1
[15:48] {Threei}  out TZA
[15:48] {Threei}  out RIMM
[15:48] {Threei}  all I need now is red close, to have that beer
[15:48] {nemo} didn't know tza was a setup again
[15:49] {Threei}  didn't want to make it official call this close to close
[15:49] {Threei}  not even speaking of having time to call it
[15:50] {Threei}  die SPY
[15:50] {Threei}  20 cents
[15:50] {Threei}  half way there
[15:51] {Threei}  10 cents
[15:52] {Threei}  5
[15:52] {Threei}  white
[15:52] {Threei}  rrrred
[15:52] {Threei}  redder
[15:53] {Threei}  The Goldman Sachs Group Inc Ticks lower following a press report that CEO Blankfein has hired a defense lawyer- Said to have hired Reid Weingarten who defended former Worldcom CEO Bernard Ebbers.
[15:54] {Threei}  ok, now I need time to run faster, lest I get caught like that ime with larisa bet
[15:54] {Threei}  when everything went my way, then recovered on last minute, lol
[15:55] {larisa} it is not the end until it ends, before that - it is all just "progress" :)
[15:55] {Threei}  yeah... where is that fat lady
[15:55] {Threei}  time to sing
[15:57] {Threei}  oh come on
[15:58] {Threei}  back in red
[15:58] {Threei}  lady!!!
[15:58] {Threei}  sing already
[15:59] {Threei}  this time you guys won't be saved by the bell
[15:59] {dino}  grrrr
[15:59] {Threei}  hehe
[15:59] {Threei}  isn't it fun
[15:59] {Threei}  zero
[15:59] {Threei}  sheesh
[16:00] {nemo} I win
[16:00] {Threei}  where is the gun
[16:00] {Threei}  second time this happens
[16:00] {nemo} what's more, this is looking long for tomorrow
[16:00] {Threei}  no way
[16:01] {Threei}  this looks worse by day
[16:01] {Threei}  ok guys, thank you all
[16:01] {Threei}  have a great evening
[16:01] {Threei}  see you tomorrow
[16:01] {dino} gn all
[16:01] {larisa} bye :)