Weird day with sudden spikes up and down with no apparent reason or technical setup. Some trades worked like charm, some rinsed us out - all in all, about flat day.
Session Time: Mon Oct 17 00:00:00 2011
[08:46] {Threei} (GE) Germany Gov't Spokesman Siebert: "Dreams" that everything in the EU crisis will be solved next Monday "cannot be met"; search for solution to debt crisis to last into 2012
[08:46] {Threei} - Merkel expected to make EU policy speech in parliament on Friday, Oct 21st
[08:46] {Threei} - No meeting planned between Merkel and top bankers before Oct 23rd EU summit.
[09:08] {Threei} rofl
[09:08] {Threei} http://www.thereformedbroker.com/2011/10/14/occupy-boston-is-hilarious/
[09:08] {dino} gm all
[09:08] {Threei} dino :)
[09:09] {swill} :)good morning
[09:11] {Threei} swill :)
[09:18] {ese} morning
[09:18] {Threei} ese :)
[09:18] {swill} morning ese
[09:19] {ese} swill
[09:19] {ese} vad
[09:25] {Threei} http://tradinglog.realitytrader.com/2011/10/look-ahead-three-kinds-of-crash.html
[09:33] {Threei} Long Setup: FCX 36 break half lot
[09:33] {Threei} Short Setup: FCX .90 half lot
[09:33] {Threei} short it is
[09:33] {Threei} stop is self-explanatory
[09:34] {Threei} 1:1
[09:34] {dino} gj
[09:34] {Threei} but ask if not
[09:34] {Threei} 1:2
[09:35] {Threei} 1:3
[09:35] {Threei} typical open break setup
[09:35] {nemo} it's at s2
[09:35] {Threei} 1"4, out
[09:37] {Threei} Long Setup: SLW .95 break, half lot
[09:38] {Threei} stop under .80
[09:38] {Threei} Long Setup: FCX .55 break half lot
[09:39] {Threei} if stays above .45
[09:39] {Threei} invalidated
[09:39] {Threei} invalidatedSLW no go
[09:39] {Threei} ummm
[09:39] {Threei} SLW no go
[09:42] {RonS} wow...copper from 3.44 to 3.37, oil off $1
[09:42] {Threei} Long Setup: RIMM .50 break half lot if holding above .40
[09:42] {Threei} let's change to aggressive, .45 brteak
[09:43] {Threei} very nice tight stop
[09:44] {Threei} out
[09:48] {nemo} tarkus...must be an ELP fan
[09:49] {Threei} watch LVS for pullback entry
[09:49] {Threei} under 45.10
[09:49] {Threei} still half lot
[09:50] {Threei} no pullback
[09:51] {Threei} was hesitanet to go for .30 break, chart is right but this volartility is rarely good for such breaks
[09:51] {RonS} cog running off bexp buyout
[09:53] {RonS} cmi down...off gs conviction buy list
[09:53] {nemo} oh gawd...not that...
[09:55] {Threei} Short Setup: FCX 36 break
[09:55] {Threei} 35
[09:56] {Threei} if stays under .10 for scalpers, .15 day traders
[09:58] {ese} nemo if your there.......was reading the trading log...what do you mean by the volume vaccum? price is likely to go through it easily
[09:59] {nemo} if we get positive market movement, there aren't many sellers to provide supply that will just want to get out of their positions they've been carrying since august...no supply, and just a little demand pushes prices up
[09:59] {ese} because there won't be any volume to stop it
[09:59] {ese} right gotcha
[10:00] {RonS} concept relates to "price has memory"
[10:00] {nemo} which is more than I can say for me
[10:00] {Threei} lol
[10:00] {RonS} no volume, no memory
[10:00] {nemo} I program my GPS for, work, bank, liquor store
[10:01] {ese} ya....the last bottle of wine friday killed mine
[10:02] {Threei} stop .11 for all
[10:05] {nemo} I'm liking fcx long now
[10:05] {dino} me too
[10:06] {Threei} Long Setup: SLV .20 break
[10:06] {Threei} if stays above .10
[10:07] {ese} in .19
[10:08] {Threei} target is about 34.60 for FCX if it finally works
[10:09] {Threei} doesn't
[10:11] {ese} out 1/2....thats me at .26
[10:12] {dino} idcc sm l .01
[10:12] {dino} fcx l .10 break
[10:13] {ese} stop to .20
[10:15] {Threei} mine is .14, SLV
[10:17] {ese} stopped balance .20 +.01
[10:17] {ese} tks vad
[10:17] {Threei} sure thing
[10:18] {Threei} watch TZA for pullback entry
[10:18] {Threei} .10 - .15 zone
[10:18] {Threei} half lot
[10:18] {Threei} .15 break long
[10:18] {Threei} if holding above 38
[10:20] {ese} hmmmm missed tza
[10:21] {Threei} gave ample time for entry...
[10:21] {Threei} tagged 1:1
[10:21] {Threei} stop to under .10
[10:21] {ese} ya ....watching something else
[10:21] {Threei} out
[10:21] {ese} KMI.....and missed that as well
[10:22] {Threei} a bit hectic morning
[10:23] {dino} ya think
[10:25] {ese} SHPGY dino
[10:26] {Threei} not really dino
[10:26] {Threei} {G}
[10:26] {dino} :D
[10:26] {Threei} at least, not if I can help it
[10:28] {dino} gaps 11477, 2326, 1203
[10:32] {Threei} Long Setup: RIMM .80 break
[10:33] {dino} shpgy sm l .62 ave
[10:33] {Threei} it's possible in theory to keep a stop under .75 but I'd prefer to giuve it normal range, .70
[10:33] {Threei} anyeway, 1:1
[10:35] {Threei} target 1:3, standard procedure
[10:36] {ese} L shpgy .47
[10:38] {dino} vmw sm l .75
[10:43] {ese} initiated buy target for vmw....$110 big ones
[10:44] {dino} shpgy stop -.30
[10:44] {Threei} FCX refuses to drop with market
[10:44] {dino} opps that was vmw stop
[10:45] {dino} same w/slv
[10:45] {ese} target 110?
[10:46] {dino} earnings at bell i think vmw
[10:46] {RonS} yep
[10:48] {Threei} Short Setup: SLW .40 break
[10:49] {Threei} if stays under .50
[10:49] {nemo} careful here IWM and SPY at weekly pivot pooints
[10:52] {dino} vmw sm l .10
[10:55] {dino} vmw stop
[10:55] {dino} -.33
[10:58] {ese} L apc .68
[10:59] {ese} out 1/2 .92
[10:59] {ese} +.23
[10:59] {ese} aye chi wow wah!
[11:00] {ese} that shot up there
[11:00] {dino} gj
[11:00] {ese} out balance .83 +.15
[11:00] {ese} good nuf
[11:00] {ese} tks
[11:01] {Threei} nice
[11:05] {ese} tks....shpgy finally moving dino
[11:08] {dino} hal?
[11:08] {dino} beats
[11:09] {RonS} but look at its run off lows
[11:09] {RonS} +$10
[11:10] {Threei} Long Setup: TNA 41 break
[11:10] {Threei} if stays above .85
[11:10] {dino} hmmm, chart looks up, l beak .00
[11:10] {Threei} invalidated but keep on radar
[11:12] {RonS} tna l .80
[11:13] {Threei} valid IMO
[11:14] {Threei} 41 break should be good
[11:14] {ese} buy some of that there TNA for me will vad.....I'll come over to your house later and pick it up....tks
[11:14] {Threei} ron just did for both of us
[11:14] {Threei} I'll have to send mine to patience to Caymans
[11:14] {ese} forget it in .00
[11:15] {Threei} Ron, partial out here?
[11:15] {Threei} use the advantage of aggressive entry
[11:15] {z} stop?
[11:16] {Threei} under .80
[11:16] {z} ty
[11:16] {Threei} but aggressive entry is obviously the way to go with this one, ron had the best idea how to execute it
[11:16] {Threei} with any luck should go to 42.10
[11:17] {Threei} 41.40 sorry
[11:17] {RonS} no real idea...reaction off es fute order flow and copper going north of day's range
[11:17] {Threei} must watch those fins I type with...
[11:17] {ese} am in sm so can let it trade for a bit
[11:18] {RonS} same here...looking for 41.20
[11:19] {Threei} grrr
[11:20] {Threei} not liking today very much
[11:20] {RonS} out flat
[11:25] {Threei} friking TNA
[11:25] {Threei} rinse
[11:31] {dino} idcc to .41
[11:35] {Threei} (US) President Obama comments on recent jobs plan put forth by Republicans, sees potential the plan could actually cost the US jobs
[11:35] {Threei} run into OccupyVictoria on Sat
[11:35] {Threei} first banner I saw said: Compost capitalism
[11:35] {Threei} I was unipmressed
[11:36] {dino} idiots
[11:36] {Threei} by demands I've seen in the banners they carried, it seemed everyone came with his particular set of grievances
[11:36] {Threei} from "do away with fish farms" to "no to smart meters"
[11:37] {dino} unorganized goals
[11:37] {Threei} it actually works to their advantage
[11:37] {dino} ironically they should be protesting govt, they got us into the mess
[11:37] {Threei} absence of clear message allows everyone pour his own meaning into that
[11:38] {Threei} so a lot of people automatically assume that their protest is identical, andf they need to join
[11:40] {dino} out idcc .61, +.60
[11:42] {ese} gotta go out TNA .20 +.20 stop in at .85 shpgy.....cya
[11:42] {dino} cya
[11:43] {Threei} take care ese, good job
[11:43] {swill} bye ese
[11:44] {dino} out shpgy .92, +.30 ty ese
[11:45] {nemo} gmcr
[11:47] {dino} blood
[11:48] {dino} einhorn slams gmcr
[11:49] {RonS} ...caused the selloff?
[11:50] {RonS} :)
[11:50] {dino} einhorn, big short trader
[11:50] {Threei} look at the black banner with teal letters above the tent on the left, this is the one I saw
[11:50] {Threei} http://www.timescolonist.com/news/Occupy+Victoria+protesters+camp+Centennial+Square/5558663/story.html?cid=megadrop_story
[11:53] {nemo} people have no idea about the system about which they are complaining
[11:53] {Threei} apparently not
[11:55] {nemo} http://sacramento.cbslocal.com/2011/10/15/dogs-poisoned-during-medical-marijuana-theft/
[11:55] {Threei} this one looks like a secne from zombie movie
[11:55] {Threei} http://www.timescolonist.com/news/Photos+Occupy+Victoria/5556544/story.html
[11:56] {RonS} check aapl
[11:56] {Threei} went into red
[12:13] {dino} filled 11477
[12:15] {dino} idcc sm l .75 break
[12:30] {dino} wlt
[12:37] {dino} sm l .10
[12:41] {Threei} SPY...
[12:41] {Threei} breakdown of bounce
[12:41] {Threei} or
[12:49] {Threei} breakdown
Session Close: Mon Oct 17 12:49:22 2011
Session Start: Mon Oct 17 12:49:43 2011
Session Ident: #discussions
03[12:49] * Now talking in #discussions
[12:50] {Threei} Long Setup: FAZ .30 break
[12:51] {Threei} .20 rather
[12:52] {z} holding 55?
[12:52] {Threei} yes
[12:52] {Threei} milk trade potential
[12:52] {Threei} can go big
[12:53] {Threei} plan is, first partial between .40 and .50, then riding to about .90
[13:00] {Threei} come on FAZ
[13:00] {Threei} let's do it
[13:00] {Threei} 1:1
[13:00] {Threei} you can reach the stars
[13:00] {Threei} you ARE the star
06[13:01] * Threei kicks the star in the rear
[13:01] {Threei} if SPY loses .50...
[13:03] {Threei} stop under .10 now
[13:07] {RonS} gj
[13:07] {Threei} not yet... really want it to be a day-fixing trade, it has that potential
[13:07] {RonS} took .40
[13:13] {Threei} SPY is trying to bounce
[13:13] {Threei} really need it to lose .50
[13:13] {Threei} then FAZ will be golden
[13:21] {z} WLT out .63, +52, thx dino
[13:21] {Threei} ok... that was half trade
[13:21] {Threei} oh well
[13:21] {z} that was good vad, thx, just didn't cooperate the last part
[13:21] {z} but made green
[13:21] {Threei} yeah
[13:24] {dino} gj z
[13:36] {Threei} here it should come
[13:37] {nemo} spy close to S3, probability says spy floor between .30-.40
[13:38] {dino} 1203 gap
[13:38] {dino} filled
[13:38] {Threei} iksplozhion
[13:38] {dino} 2326 open on ndx
[13:38] {Threei} don't tell me it's not a right spelling
[13:38] {Threei} in my heart I know it is
[13:39] {Threei} fess up, who took .50 break for round 2?
[13:39] {RonS} nope
[13:39] {nemo} too close to spy support for my liking
[13:40] {_tarkus62} ok .....made it in..good afternoon all
[13:40] {Threei} hi tarkus
[13:40] {nemo} you must be an ELP fan
[13:40] {_tarkus62} yes
[13:41] {nemo} Karn Evil 9 1st Impression ;)
[13:41] {_tarkus62} great stuff
[13:41] {nemo} yep...
[13:41] {nemo} saw them 4 or 5 times
[13:41] {_tarkus62} nice
[13:42] {_tarkus62} i saw them in the blizzard 0f 78
[13:42] {Threei} look at FAZ daily
[13:42] {nemo} where?
[13:42] {Threei} cangaroo tail
[13:42] {_tarkus62} long island nassau coll
[13:42] {nemo} I saw them in Boston Garden that year
[13:43] {_tarkus62} nice
[13:45] {dino} sohu sm l .55 hooker
[13:54] {Threei} Long Setup: TNA .80 break
[13:54] {Threei} half lot
[13:55] {Threei} if stays above .65
[13:56] {Threei} target 40.25 - .30
[13:57] {_tarkus62} long TNA
[13:57] {nemo} go tank!!!
[13:58] {Threei} come on SPY, bounce time
[13:58] {Threei} hmmm
[13:58] {Threei} out
[13:58] {Threei} quite sudden drop, seems news caused
[13:58] {nemo} op ex week and Euro SOGOTP week
[14:03] {Threei} drive up starts now
[14:05] {Threei} or not
[14:05] {Threei} churning
[14:05] {Threei} a lot of it
[14:05] {Threei} impossible to say which way it reolves
[14:06] {Threei} but the longer it lasts, the higher are odds of breakdown
[14:07] {RonS} omg, dino was nailing that hooker but his stamina got the best of him
[14:13] {dino} got greedy on it, felt big move up coming, but not
[14:14] {dino} contra-hour, maybe now
[14:15] {Threei} really can't tell
[14:16] {_tarkus62} out TNA -.05
[14:16] {_tarkus62} tuff area here
[14:16] {Threei} yeah, churn
[14:16] {dino} tough day imo
[14:16] {Threei} oh boy... 750 views on that post
[14:18] {Threei} trying FAZ again
[14:19] {Threei} half lot
[14:19] {Threei} too uncertain
[14:19] {Threei} stop under .35
[14:19] {Threei} amazing, keeping almost whole day at half lot
[14:20] {Threei} don't remember when we did that last time
[14:20] {Threei} if ever
[14:21] {_tarkus62} half lot is how many shares threei
[14:21] {Threei} held by fingertips
[14:21] {z} stopped
[14:21] {Threei} that's individual
[14:21] {_tarkus62} ok
[14:21] {Threei} each ahs his own tolerance level
[14:21] {z} huh?
[14:22] {Threei} .35 big by EDGX, z... never went away
[14:22] {Threei} bid
[14:22] {Threei} you want level 2?
[14:22] {z} so we're doing it by particular route?
[14:22] {Threei} watch
[14:22] {Threei} huh?
[14:22] {nemo} careful with edgx, their bids and offers get stuck
[14:23] {z} it ticked .34
[14:23] {Threei} there was a bid at .s5 that kept it
[14:23] {Threei} .34 was a print below market
[14:23] {Threei} didn't we discuss it last week??
[14:23] {Threei} level 2 and T&S give you full picture
[14:24] {nemo} u can remember that far back?
[14:24] {Threei} on micro level that is
[14:24] {z} discuss what? when u say stop under .35 that's what i use, so whatever
[14:24] {Threei} yes
[14:24] {z} if i see it tick under .35 i get out
[14:24] {Threei} but it did not go undcer .35
[14:24] {z} look at the 1 min. candle chart
[14:24] {Threei} there was OUT OF BOUNDS print
[14:25] {z} 14:20 candle
[14:25] {z} .34
[14:25] {z} low
[14:25] {Threei} you read what I say?
[14:25] {Threei} [14:24] {Threei} there was OUT OF BOUNDS print
[14:25] {Threei} while if you looked at level 2, .35 bid never dave up
[14:25] {Threei} gave
[14:25] {RonS} z, he is saying a previous trade was reported...the bid was at .35 at the time
[14:25] {z} its irrelevant now for me, im out, so good call
[14:26] {Threei} it's very relevant.. you need right tools, and you need to use them right way
[14:26] {Threei} otherwise your entires and exits are impacted
[14:26] {dino} lol z, right to the point
[14:27] {RonS} the problem w/ Level 2 and t&s w/ faz is that is can send you into an epileptic fit
[14:27] {dino} no sh+t
[14:27] {nemo} that reminds me, what do elephants use for vibrators...
[14:27] {nemo} epileptics
[14:27] {RonS} lol
[14:27] {Threei} out of bounds print can be wherever... sometimes very far from real market
[14:28] {Threei} this is why I hate automated stops btw
[14:28] {dino} happens, but when i want out i want out
[14:31] {nemo} wow tza tna at same price
[14:32] {Threei} finally
[14:32] {Threei} first partial out
[14:32] {RonS} time to buy both? 2 for 1?
[14:32] {Threei} lol
[14:33] {cipher} 3i speaking of stops, what route do you use for NYSE/NAS when you want out?
[14:34] {Threei} NASDAQ
[14:34] {dino} 2326 filled
[14:34] {cipher} I fumbled some exits today with incorrect routes
[14:35] {Threei} make your life simple
[14:35] {Threei} set NASDAQ once and for all
[14:35] {Threei} make sure it's set to route out
[14:35] {Threei} so it sweeps all others
[14:35] {Threei} and forget the issue
[14:36] {cipher} you mean NASDAQ for both NYSE @ NAS exchanges?
[14:36] {Threei} yes
[14:37] {cipher} ok
[14:37] {Threei} if it's set to route out, it will hit everything and everyone
[14:37] {cipher} cool I had no idea
[14:37] {Threei} out FAZ in full
[14:37] {Threei} +.43
[14:38] {RonS} gj
[14:38] {Threei} ty
[14:38] {_tarkus62} wtg
[14:38] {cipher} good call
[14:46] {nemo} the paint dry yet?
[14:47] {Threei} not all of it
[14:49] {nemo} db spy,
[14:53] {nemo} clear as mud
[14:53] {Threei} still feels like breakdown to me
[14:54] {Threei} I mean next breakdown
[14:54] {Threei} but becomes even harder to read
[14:54] {Threei} this kind of relentless slow selling days often end with sharp spike
[14:54] {Threei} eaitng about half of the day range in 10-15 minutes
[14:59] {Threei} in fact, starts looking like just this is about to happen
[15:06] {nemo} spy reacted to iwm again...IWM and spy bottomed .08 above IWM's S3
[15:09] {Threei} TNA pullback to .60 area for long entry
[15:12] {Threei} didn't reach it
[15:15] {Threei} (FR) France PM Fillon: France will not let any of its banks fail; EMU will not allow Greece to fail
[15:15] {Threei} sigh
[15:16] {dino} that should spike us up
[15:17] {Threei} not fresh
[15:17] {dino} oh, then why post?
[15:17] {Threei} ok, withdrawing it
[15:17] {dino} lol
[15:17] {Threei} :)
[15:18] {Threei} it's just continuation of a long line of messages with deep rooted denial
[15:18] {Threei} Long Setup: FCX .50 break
[15:19] {Threei} if stays above .40
[15:19] {Threei} still valid
[15:24] {Threei} i=obviously not anymore
[15:24] {nemo} it's a precious Steinway!
[15:24] {Threei} hmm?
[15:25] {nemo} Pink Panther movie...That is a precious Steinway! Not anymore
[15:25] {nemo} great scene
[15:29] {Threei} (US) Quarterly earnings reports from three of top four biggest US lenders suggest the improvement in mortgage delinquencies may be abating - FT- Says JPMorgan, Wells Fargo, and Citi earnings demonstrate that record low mortgage rates and loan modification programs are not helping to ease delinquencies.
[15:33] {dino} volume drying up? scanners are slow
[15:34] {nemo} yeah...my spy T$S actually stopped earlier today...I thought I died
[15:35] {RonS} wlt circuit halt
[15:36] {dino} why?
[15:36] {RonS} probably bunny giving you a mammie yokum evil eye...
[15:37] {nemo} she's been quiet today, was quite active last night...crawled up into my boxspring and was filing her teeth on the springs
[15:37] {nemo} it's an interesting sound
[15:42] {Threei} weird day
[15:45] {dino} wlt spike
[15:45] {dino} ve5ry weird
[15:45] {dino} very
[15:45] {Threei} wow
[15:46] {dino} like they wanted to kill them but couldn't finish the job
[15:49] {dino} whippy
[15:49] {Threei} amazing
[15:50] {Threei} you see this kind of two-sided spikes after FOMC decision
[15:50] {dino} things are trading gappy
[15:50] {Threei} here they come with no news whatsoever
[15:50] {Threei} shiws you how nervous market is
[15:50] {dino} ax murderer market
[15:51] {_tarkus62} lol
[15:51] {_tarkus62} it is
[15:51] {dino} mike meyers/so i married ax murderer, "un-trusting"
[15:51] {nemo} it slices, it dices, it cubes....!!!!
[15:52] {dino} lol
[15:54] {Threei} ominous finish
[15:59] {dino} fugly finish
[16:00] {Threei} totally
[16:00] {Threei} gravity takes over
[16:00] {Threei} Ok guys, thanbk you all
[16:00] {Threei} have a good evening, see yopu tomorrow
[16:01] {larisa} bye :)
[16:02] {swill} thanks
