Session Time: Thu Sep 15 00:00:00 2011
[08:30] {Threei} ow'
[08:31] {Threei} *(US) INITIAL JOBLESS CLAIMS: 428K V 411KE; CONTINUING CLAIMS: 3.726M V 3.71ME
[08:31] {Threei} - Prior Initial Claims revised higher from 414K to 417K
[08:31] {Threei} - Prior Continuing Claims revised higher from 3.717M to 3.738M
[08:31] {Threei} August CPI: 0.4% vs. 0.2% est. Core CPI: 0.2% vs. 02.% est. Up 3.8% YoY
[08:32] {Threei} *(US) SEPT EMPIRE MANUFACTURING: -8.8 V -4.00E
[09:00] {nemo} now what
[09:01] {nemo} ECB ANNOUNCES DOLLAR LIQUIDITY MEASURES IN COOPERATION WITH FED
[09:01] {Threei} ECB, SNB, BoJ and BoE to lauch coordinated repo operations
[09:01] {nemo} QEIII QEIV QEV QEVI
[09:02] {nemo} more liquidity for a debt problem
[09:09] {Threei} so they are determined to save the world at the moment at the expense of screwing over all the serfs
[09:09] {Threei} what else is new, and what else is surpriding
[09:09] {Threei} d=s
[09:13] {dino} gm all
[09:13] {Threei} dino :)
[09:16] {RonS} gm...eur/$ cross at 1.3915
[09:17] {Threei} Ron :)
[09:17] {nemo} if we get above 121.2 and hold 122.50 next level
[09:19] {Threei} FXC looks to me like best short candidate for the first trade
[09:19] {Threei} well, aside of SLW of course, lol
[09:26] {Threei} can we hope for .40 - .50 FCX range?
[09:27] {larisa} gm :)
[09:27] {Threei} and .40 break as atrigger for a 30 cents quick plunge
[09:27] {Threei} larisa :)
[09:27] {larisa} vad :)
[09:27] {Threei} let's keep it to half lot
[09:27] {Threei} and don't chase anything
[09:27] {Threei} these are volatile times
[09:29] {Threei} 4.1 Earthquake hits off Vancover Island
[09:30] {RonS} db +9%
[09:30] {Threei} well, if at some point I disappear, you know it's a bigger quake... so from that moment on start your day by shorting SLW, profiting and drinking for me
[09:30] {Threei} FCX
[09:31] {Threei} how about this vlatility
[09:31] {Threei} Short Setup: FCX .50 break half lot
[09:32] {Threei} stop above .60 and .65, scalpers and day traders respectively
[09:32] {Threei} 1:1 for each
[09:32] {Threei} 1:2
[09:32] {Threei} little beaut
[09:32] {Threei} out in full.15
[09:32] {nemo} not doing opens
[09:33] {dino} gj
[09:33] {dino} nor i nemo
[09:33] {Threei} this one was perfect, taking advantage of volatility
[09:33] {nemo} yeah, but, if you get stopped out in volatility it's usually a double stop
[09:33] {Threei} but hakf lot
[09:34] {nemo} I understand, just a bigger hole to dig out of
[09:34] {Threei} half lot, same hole
[09:35] {Threei} Short Setup: SLW .10 break
[09:35] {Threei} disregard
[09:35] {Threei} still too spready
[09:38] {Threei} Long Setup: X .60 break
[09:39] {nemo} or short under .50?
[09:39] {Threei} not for me
[09:39] {Threei} invalidation of long, yes
[09:39] {Threei} short, no
[09:41] {RonS} hearing obama on tv at around 1030 edt
[09:41] {Threei} Short Setup: FCX .90 break
[09:42] {nemo} yeah, not a question of if he's gonna be on, just what time
[09:42] {Threei} lol
[09:43] {Threei} no go
[09:43] {nemo} took .01 long
[09:43] {nemo} 1/2
[09:44] {nemo} what chop
[09:45] {nemo} out under BE
[09:45] {nemo} DF me, was thinking tna .50 break
[09:46] {nemo} out
[09:47] {nemo} op ex?
[09:47] {dino} y
[09:48] {Threei} Long Setup: X .50 break
[09:48] {nemo} .50 level
[09:48] {nemo} on X
[09:50] {Threei} stop is obvious
[09:50] {Threei} target .75
[09:50] {Threei} two partials
[09:50] {Threei} unless you are a scalper in which case you need my guidance like fish - umbrella
[09:51] {nemo} what was that chick's comment ...a woman needs a man like a fish needs a bicycle?
[09:51] {nemo} Oh yeah, Gloria Steinem
[09:54] {_roger99} is the stop .40 on X ?
[09:54] {Threei} just under
[09:54] {_roger99} ok
[09:54] {nemo} philly fed at 10, that might be what's going on here
[09:55] {Threei} I feel it should be good to neutral
[09:55] {nemo} I'm out until the number
[09:56] {nemo} oil up on falling demand, think that has anything to do with the new World QE program?
[09:56] {Threei} very liekly
[09:56] {dino} clc sm l .50
[09:56] {Threei} 1:1
[09:57] {nemo} maybe take the money and run until after the number?
[09:57] {Threei} I prefer half and stop trail to .45
[09:57] {nemo} that manufacturing index number sucked, why would this be better?
[09:57] {Threei} but if you are a scalper... fish... umbrella... :)
[09:57] {nemo} man bicycle
[09:57] {nemo} rabbit nemo
[09:58] {nemo} vodka nemo
[09:58] {nemo} wait....
[09:58] {nemo} where's the white out
[09:58] {Threei} (EU) US Treasury Geither speculated to suggest at upcoming EcoFin meeting that Europe utilize its EFSF program similarly to how the US used its TALF program
[09:58] {Threei} - financial press- Reminder: The US TALF program was designed to encourage consumer credit lending, by supporting issuance of ABS collateralized by by various loans such as student, auto and credit loans
[09:58] {Threei} and that worked great, didn't it?
[09:58] {Threei} bunch of frightened imbeciles
[09:59] {nemo} yeah, I think the astronomical analogy would be "Black Hole"
[09:59] {Threei} expectantions are -.15 vs - .30 last time
[09:59] {dino} clc stop
[10:00] {Threei} *(US) SEPT PHILADELPHIA FED: -17.5 V -15.0E
[10:00] {dino} cde sm l .22
[10:02] {dino} seems all news is good
[10:04] {patience} in fcx
[10:05] {Threei} X boom
[10:15] {_roger99} no easy trading
[10:15] {_roger99} 4 now
[10:17] {dino} same here
[10:18] {dino} cde stop -.23
[10:19] {Threei} grrrr
[10:20] {Threei} WFM{ how on earth could I miss 68 break setup
[10:20] {Threei} picture perfect
[10:23] {dino} sm s spy .35
[10:24] {nemo} ty took tza long
[10:25] {nemo} 1/2 at .95
[10:25] {dino} gap fill?
[10:25] {nemo} we
[10:25] {_roger99} esrx is due for a bounce
[10:25] {Threei} feels like diving under 40 first
[10:26] {nemo} 1/4 more .15
[10:26] {Threei} good read
[10:27] {nemo} I was looking at it, and Dinot took spy so I went with TZA
[10:30] {nemo} I'm out if IWM gets above .73
[10:30] {nemo} and probably go long tna then
[10:30] {Threei} (EU) ECB said to suggest quicker approval of EFSF bond purchases at upcoming meeting - financial press
[10:30] {Threei} - Speculating that the emerging market members of the IMF are resisting the next aid payment to Greece; EMU remains prepared to approve the next tranche
[10:30] {Threei} - Sees private sector participation in Greece debt swaps near the 90% target following pressure from EU officials on banks to join
[10:30] {dino} 07 all red
[10:31] {dino} cov spy .05, +.30
[10:32] {nemo} not yet
[10:32] {dino} why would banks join?
[10:32] {nemo} got support at .78 for spy
[10:32] {Threei} they are being "pressured"
[10:32] {nemo} extorted
[10:32] {Threei} this is mafia
[10:33] {dino} most likely
[10:33] {nemo} I'm out .54
[10:33] {_roger99} out of esrx
[10:33] {dino} cat sm s .25
[10:34] {nemo} tza
[10:34] {nemo} 44 level key for tna
[10:35] {Threei} what a dump FCX
[10:35] {Threei} and more seems to come
[10:36] {Threei} yup
[10:37] {nemo} mmmhhhh...pulled out early
[10:37] {nemo} tza
[10:45] {Threei} Short Setup: FCX .70 break
[10:48] {Threei} invalidated but looking for diff trigger
[10:49] {dino} got booted
[10:50] {Threei} Short Setup: FCX .75 break
[10:50] {Threei} if stays under .85
[10:56] {Threei} not really clear
[10:56] {Threei} market jerks up and down, no theme to the day
[10:57] {Threei} 1:1
[11:01] {Threei} 1:2, out
[11:01] {nemo} .51 is pivot
[11:02] {Threei} and bands widened so much, I don't feel like pressing my luck and staying in for more
[11:07] {Threei} good cover eh
[11:10] {Threei} TZA
[11:10] {Threei} biounce time nears
[11:11] {nemo} maybe, vwap still .30 away on iwm
[11:14] {Threei} didn't really give a signal
[11:18] {dino} chk l .50
[11:18] {nemo} spy going to vwap probably, look for tza there
[11:25] {nemo} spy at vwap, might set up short here, but IWM still .18 below...improtant level is 120.50, spy might get there at the same time IWM get's to VWAP, that might be the short entry
[11:31] {Threei} IMF's Lagarde: The coordinated action by central banks today was exactly what was needed - CNBC
[11:31] {dino} cde sm l .60
[11:32] {Threei} I have a feeling this comment will come back to bit her
[11:32] {Threei} bite
[11:32] {nemo} yeah, she's gonna' be happy they don't still use the guillotine
[11:34] {nemo} this area tza might setup
[11:34] {dino} lol
[11:39] {dino} chk to .62
[11:40] {dino} out chk +.12
[11:41] {nemo} tza .11
[11:41] {nemo} stop under the whole
[11:41] {Threei} feels like SPY still wants up to me
[11:41] {nemo} oh oh
[11:42] {nemo} out flat
[11:42] {Threei} TNA .50 break
[11:43] {Threei} target aabout .90
[11:43] {Threei} 3 partials
[11:43] {nemo} yeah, not playing it in this area
[11:44] {Threei} 1:1
[11:44] {dino} hey nemo, i like those vwap charts
[11:44] {nemo} glad they work for ya'
[11:44] {dino} thx buddy
[11:45] {Threei} 1;2
[11:45] {dino} finally in black after the early morning hits
[11:51] {nemo} ,85 tza
[11:52] {nemo} 1/2 .00
[11:53] {nemo} stop under .80
[11:53] {Threei} (IS) Egypt PM: Peace deal with Israel is not sacred, is always open for discussion
[11:53] {Threei} oh good
[11:53] {Threei} let's get rid of more dictators
[11:55] {nemo} stop under .90
[11:55] {nemo} gld
[11:56] {nemo} tza could be a buy on break of .00 if it holds .90
[11:56] {nemo} sayonara
[11:58] {Threei} looks valid to me
[11:58] {nemo} hah, again, should have kept my original stop
[11:58] {Threei} took it
[11:58] {Threei} half out
[11:59] {dino} mw sm l .90
[12:02] {dino} cde to .64
[12:06] {dino} to .69
[12:08] {Threei} TZA again
[12:08] {Threei} .10 break this time
[12:08] {nemo} I'm ambivalent here
[12:08] {nemo} spy and iwm looking long
[12:09] {Threei} they change their look faster than I care to comment, lol
[12:09] {nemo} sign of the times
[12:17] {nemo} gld
[12:18] {dino} indeed
[12:19] {Threei} Long Setup: LVS
[12:19] {Threei} .80 break
[12:19] {Threei} if stays above .70
[12:19] {nemo} .71 tza
[12:19] {dino} cde to .79
[12:20] {nemo} 1/2 02
[12:21] {dino} acc drop
[12:22] {dino} no go
[12:23] {dino} out cde .79, +.19
[12:23] {dino} cyou drop
[12:23] {nemo} oh, that wasn't 1/2 .02 that was .82, wrong key
[12:24] {nemo} 1/4 more .03
[12:24] {nemo} if it breaks .10 a rebuy might be in order
[12:25] {nemo} stop is .79
[12:35] {Threei} ECB's Stark: Euro bonds would reduce incentives for fiscal discipline, are not a solution for the European debt crisis
[12:46] {nemo} tza .56
[12:46] {nemo} out under .50
[12:46] {nemo} .65 for 1/2
[12:47] {nemo} stop .54, not overly confident
[12:48] {nemo} think spy break more likely
[12:49] {Threei} IWM
[12:49] {Threei} breaks
[12:50] {Threei} trying it long
[12:50] {Threei} YHOO
[12:50] {nemo} thanks I'm still in tza
[12:52] {nemo} out .69...love that number
[12:52] {nemo} thnk spy bounces off trend in a minute
[12:52] {nemo} oops
[12:53] {nemo} damn
[12:56] {nemo} yeah, spy pulling squirrel in the street at the trendline
[12:59] {Threei} wow
[12:59] {Threei} YHOO is serious
[13:07] {Threei} PIMCO's Mather: Sees EUR/USD at $1.20 within six months
[13:11] {dino} wtf mw stopped .83 -.07 then bounces to .90
[13:15] {Threei} SPY looks breaky
[13:15] {Threei} and climby
[13:15] {Threei} and creepy
[13:16] {nemo} it's walking a trendline channel
[13:32] {dino} joyg sm s .60
[13:32] {nemo} see if this was stophunting on the spy, it regains .90, tna could be a long
[13:35] {Threei} UBS AG Chairman: disappointed in the trading loss disclosed earlier today; UBS is investigating the incident
[13:36] {nemo} tna might be coming up long here
[13:36] {Threei} amazing... no matter how these stories repeat, banks don't seem to be able to prevent them
[13:36] {Threei} rogue traders I mean
[13:49] {dino} cov joyg .40, +.20
[14:00] {dino} spike
[14:01] {Threei} no news
[14:02] {nemo} http://www.youtube.com/watch?v=LJP1DphOWPs
[14:04] {RonS} absolute classic
[14:05] {dino} 11493 9/1 gap
[14:05] {dino} 2312 and 1234
[14:05] {RonS} knew a guy w/ appliance store that did similar tv...goofier the better
[14:06] {RonS} he used coffins as props in one...funnier than heck
[14:07] {nemo} his deadpan delivery is great
[14:08] {Threei} another idiot got the mike:
[14:08] {Threei} (EU) Belgium Fin Min: Deeper EMU budget integration is inevitable, would like to see the EMU consider the Eurobond concept over time
[14:08] {RonS} ...or over dinner?
[14:09] {Threei} lol
[14:10] {nemo} gld
[14:15] {nemo} http://imgur.com/xJjQf
[14:15] {dino} cyou sm l .20
[14:16] {nemo} looking for tza now
[14:17] {Threei} yes, looks like market is about to get tired
[14:17] {nemo} big spy volume
[14:18] {nemo} wanted .16 and it jumped right to .19
[14:18] {RonS} my fave: Sir, we had you and your horses clocked at 5 M.P.H. Also the buggy was weaving back and forth.
[14:18] {nemo} that frosts my ass
[14:19] {Threei} lol
[14:19] {Threei} it will pull back now
[14:40] {nemo} thunderstorms...yippee...no trading
[14:41] {nemo} tza again
[14:45] {dino} out cyou .62, +.42
[14:54] {dino} wow 6%+ move since mondays lod
[14:55] {dino} this market does yearly moves in days
[14:59] {Threei} look at currency moves
[14:59] {Threei} never in history currencies moved that much that fast that foten
[14:59] {Threei} often
[15:04] {patience} out fcx
[15:07] {dino} zzzzzzzzzzzzzzzzzzzzzz
[15:19] {Threei} Long Setup: TZA around .15 on pullback
[15:19] {Threei} what pullback TZA says
[15:20] {Threei} by look of daily, volume continues drying up as price advances
[15:28] {dino} calling it a day, good time, thx for ideas
[15:28] {larisa} bye all :)
[15:30] {Threei} is my clock wrong?
[15:33] {Threei} TZA
[15:33] {Threei} .20 break
[15:36] {Threei} come on, where is fear
[15:43] {Threei} USGS: Magnitude 7.2 earthquake strikes near Fiji
[15:43] {Threei} seems to become daily occurence
[15:43] {nemo} 2012
[15:44] {Threei} you promised
[15:45] {nemo} 123.60 tomorrow
[15:48] {Threei} unless news changes moosd
[15:48] {Threei} mood
[15:48] {nemo} I think we hit it and drop
[15:48] {RonS} O tv telethon?
[15:49] {Threei} poor RIMM
[15:50] {Threei} earnings after close
[15:50] {Threei} most likely won't be pretty
[15:53] {Threei} OK, not sticking around for RIMM
[15:53] {Threei} I can view the carnage later
[15:53] {Threei} thank you all, have a good evening
[15:54] {Threei} see you tomorrow
