Friday, October 21, 2011

Oct 21 2001

(Participation in the room in real time requires membership)

6 calls. 6 wins. Very nice way to end a very nice week - nothing like 100% result to go to the weekend with. Got nice catch of the Day too, textbook short setup:

[07:56] {cipher} good morning
[08:38] {Threei}  morning
[08:39] {cipher} gm
[08:46] {Threei}  european mess becomes worse by day
[09:19] {Threei}  the depth of denial in the market is hard to comprehend
[09:26] {RonS} gm...anyone here?
[09:26] {Threei}  aside of obvious FCX short idea, no other clear opening plays
[09:26] {Threei}  morning Ron
[09:26] {Threei}  half lot .90 break... with all reservations normal for opening
[09:27] {Threei}  let's be careful
[09:28] {Threei}  big gap up, not our environment
[09:30] {dino} gm
[09:30] {Threei}  dino
[09:31] {Threei} Short Setup: FCX  .80 break
[09:31] {Threei}  half lot
[09:31] {Threei}  stop .95
[09:32] {Threei}  stop to .91
[09:32] {Threei}  1:1
[09:36] {Threei} Short Setup: SLW  .90 break
[09:36] {Threei}  invalidated
[09:36] {Threei}  on radar for another trigger
[09:37] {Threei}  FCX 1:2, out
[09:37] {Threei} Short Setup: SLW  .95 break
[09:38] {Threei}  if stays under .05
[09:39] {Threei}  target .65
[09:39] {Threei}  3 partials
[09:41] {Threei} Short Setup: FCX  .85 break
[09:41] {Threei}  aww, late
[09:41] {Threei}  OK, same setup
[09:41] {Threei}  stop .95
[09:42] {Threei}  let's move it to .91 now
[09:42] {Threei}  want to keep risk minimal
[09:43] {Threei}  1:1
[09:44] {Threei}  ok SLW, your turn
[09:44] {Threei}  die
[09:45] {Threei}  stop to 30.01
[09:51] {Threei}  uncharacteristical stall
[09:51] {Threei}  in both FCX and SLW
[09:53] {Threei} Long Setup:  RIMM  .60 break
[09:55] {Threei}  stop to .54
[09:56] {Threei}  1:1
[09:57] {Threei}  SLW, are you kidding me?
[09:58] {Threei}  do something
[09:58] {Threei}  while we are young
[09:58] {Threei}  well... a bit late for that... but still                                                    [09:59] {Threei}  whewww... 1:1
[09:59] {Threei}  can't believe how long it took
[09:59] {Threei}  1:2
[10:00] {dino} meli
[10:00] {Threei}  4:4
[10:01] {Threei}  you can breathe now
[10:01] {Threei}  and on related note... can I go home?
[10:04] {Threei}  target hit
[10:04] {Threei}  anyone's alive at all?
[10:05] {cipher} yes alive and kicking
[10:05] {Threei}  ok, one
[10:05] {Threei}  the rest are ghosts I assume
[10:06] {thomd} Boo
[10:06] {Threei}  2
[10:06] {Threei}  lol, haloween spirit?
[10:07] {thomd} Yes
[10:07] {swill} alive here too
[10:07] {Threei}  3
[10:07] {swill} ty
[10:07] {Threei}  yw
[10:08] {Threei}  I say let's apply day management in spirit of yesterday's article to the rest of the day
[10:08] {Threei}  assuring that we go to the weekend green
[10:08] {Threei}  or black
[10:08] {Threei}  but not red
[10:09] {thomcbell} Vad - is yest article still available?
[10:09] {thomcbell} on line?
[10:09] {Threei}  it's in the blog, it will be available for as long as Internet exists
[10:09] {Threei}
[10:09] {Threei}  whole blog:
[10:09] {Threei}
[10:10] {Threei}  and I will update the summary today or over weekend foir easier navigation
[10:11] {swill} btw. had issue with laser. would not short
[10:11] {dino} meli sm s .99
[10:11] {Threei}  what was the report?
[10:12] {Threei}  activity log should give you a line
[10:12] {swill} it said no trades.
[10:12] {Threei}  ?
[10:12] {Threei}  that was the message in activity log?
[10:12] {Threei}  not a blotter
[10:12] {swill} ill check
[10:13] {Threei}  if you don't have this window, click View-Activity Log
[10:14] {dino} cov meli .35, +.64
[10:14] {Threei}  wtg
[10:14] {dino} ty
[10:17] {cipher} l meli .20
[10:17] {Threei}  (GE) German budget committee confirms it has given a limited mandate to Chancellor Merkel for negotiations on EFSF this weekend - press
[10:17] {Threei}  - Confirms an earlier report to the same effect that cited committee sources.
[10:18] {Threei}  this is what pushed market higher just now
[10:18] {Threei}  need any more proof that this market is bailout addict?
[10:18] {Threei}  upticks on any mention of any possibility of new bailout,
[10:18] {Threei}  never mind that it won't solve anything
[10:21] {cipher} stopped -.19
[10:23] {Threei} Long Setup:  SLW  30 break
[10:26] {Threei}  invalidated
[10:28] {cipher} L NELI .55
[10:38] {Threei}  (GR) Troika official comments on debt stability report: Situation in Greece has taken a turn for the worse; Greece debt level will remain high through 2030
[10:38] {Threei}  - Debt sustainability needs ambitious private sector involvement (PSI).
[10:39] {Threei}  yeah, private sector is very ambitious about pouring money into that black hole
[10:47] {Threei}  Spiegel:
[10:47] {Threei}  The Greek crisis has revealed why the euro is the world's most dangerous currency. The euro was built on a foundation of debt and trickery, where economic principles were sacrificed to romantic political visions. The history of the common currency is the story of a good idea that turned into a tragedy of epic proportions.
[10:47] {Threei},1518,790138,00.html
[10:55] {RonS} har sm s .75
[10:57] {cipher} meli l .85
[10:57] {dino} w/ya ron
[11:12] {Threei}  An increasing number of Republican presidential candidates are now talking about returning the U.S. monetary system to the gold standard, but voters send mixed signals about such a move.
[11:12] {Threei}  seriously?
[11:14] {RonS} heh, guess we shoulda been short sohu
[11:15] {dino} cov har .43, +.32
[11:15] {RonS} gj
[11:16] {dino} ty ron
[11:16] {dino} better entry around .98 imo tho
[11:16] {RonS} could not tell where it would go...was willing to add up...
[11:18] {dino} that high .90s seems to be wall
[11:19] {RonS} mibbet giving gunnar ad since i went to website yesterday...this ad stuff is spooky
[11:19] {Threei}  analyzing your context... I hate it
[11:19] {Threei}  Google started it
[11:20] {Threei}  speaking of hunnar, I'd need a crystaline one, but I don't see them selling anywhere
[11:20] {Threei}  gunnar
[11:24] {RonS} see it here? :
[11:24] {dino} you know ron, i typed the .90s and missed my entry
[11:25] {Threei}  all tinted ron
[11:25] {dino} sohu sm l .00 stop .84
[11:26] {Threei}  won't work for photoediting, intriduces color cast
[11:27] {RonS} ah, thought you were talking about the frame...for trading viewing relief you need the tint...they have a product for what you are talking about...will try to find it
[11:27] {Threei}  they mention it on a website
[11:28] {Threei}  and it doesn't appear in search as actually selling product anywhere
[11:29] {dino} har sm s .93 bstop .11
[11:29] {Threei}  (US) Senate Democrats are said to be planning to propose a $57B infrastructure bill, paid for by a 0.7% surtax on millionaires - financial press
[11:29] {RonS}
[11:30] {RonS} here ya go
[11:30] {dino} sohu stop
[11:30] {dino} vrus blood
[11:31] {RonS} VRUS - hear sell off attributed to oral hep C drug data presented at today's $ABT meeting.
[11:32] {dino} sm l .89
[11:33] {RonS} 70.89?
[11:33] {dino} out .22, +.33
[11:33] {Threei}  sheesh... with shipping to Canada, I have to question whether simple reading glasses would suffice {G}
[11:33] {dino} wicked
[11:34] {dino} too soon
[11:35] {RonS} heard that this is a small, young company and zeiss is still figuring how to represent it and ramp it up
[11:36] {RonS} ...the main business play is w/ the 3D glasses
[11:37] {dino} sohu rinsed re-load .98
[11:37] {Threei}  my concern is, there is no magnification... so still might need reading glasses
[11:37] {RonS} is there best buy up there?
[11:38] {Threei}  yes
[11:38] {Threei}  they don't carry this product here in Canada
[11:39] {dino} just buy a pair of cheaters at the dollar store
[11:40] {Threei}  cheaters?
[11:40] {Threei}  slang for?
[11:40] {dino} reading glasses
[11:40] {Threei}  well, I have those :)
[11:40] {dino} cost a dollar
[11:41] {Threei}  these ones are just proclaimed to provide some specific to computer display benefits...
[11:41] {Threei}  whcih I guess is to be proven yet
[11:41] {Threei}  some reviewers say there is a benefit, other question that
[11:42] {RonS} well, nemo says they helped him...
[11:43] {dino} then thats that
[11:55] {dino} har stuck bstop to .03
[11:55] {dino} out sohu .48, +.50
[11:56] {Threei}  OK, I guess this puts me off:
[11:56] {Threei}  We recommend using the amber tinted GUNNARS for all computer usage and gaming. The Crystalline lens will not offer the visual performance and protection against visual stress and the harsh blue light from digital screens
[11:56] {Threei}  We developed crystalline exclusively if your job requires you to work on true color.
[11:56] {Threei}  If you are graphic designer curious about both, we recommend you get both pairs and decide which works for you better.
[11:56] {Threei}  uhhu
[12:06] {Threei}
[12:09] {dino} stop har -.10
[12:20] {RonS} Obama at 12:45 p.m. EDT will announce complete drawdown of US troops from Iraq to zero by end of 2011
[12:20] {Threei}  thank goodness, one war is over'
[12:25] {dino} sina sm l ave .03
[12:33] {cipher} vrus l 71.01
[12:34] {dino} lol, typed wrong symbol, it is sohu not sina
[12:35] {cipher} out -.01
[12:36] {dino} watching that too cupher
[12:37] {dino} out sohu .35, +.332
[12:37] {dino} .32
[12:40] {dino} wynn gap fill
[12:40] {dino} smr l .20
[12:40] {Threei} Short Setup: RIMM  .70 break
[12:41] {cipher} l vrus.87
[12:41] {dino} out wynn .65, +.45
[12:41] {dino} pulp
[12:49] {Threei}  stop for superduperextrascalpers .76; for sane traders .81
[12:57] {Threei}  at this point, even sane ones trail to .76
[12:57] {Threei}  I mean, sanity is not an obstacle to insanely tight risk control, right?
[13:01] {Threei}  those superduper etc got over 1:1 btw
[13:02] {Threei}  while we sane opnes are still waiting our turn
[13:02] {Threei}  OK, 1:1 for us
[13:02] {Threei}  5 for 5
[13:03] {Threei}  and still, no one is talking to me.... what should I do to get any word out of you, dance? sing?
[13:03] {Threei}  whatever, I will be watching Obama on TV
[13:11] {dino} obama tv, all obama, all the time
[13:11] {Threei}  well, sometimes it's cain and 999
[13:13] {dino} wynn smr l .00
[13:14] {dino} out wynn .45, +.45
[13:14] {Threei}  wtg
[13:15] {dino} ty
[13:18] {dino} vrus sept gap fill
[13:33] {dino} wynn smr l .00
[13:35] {dino} out .40, +.40
[13:36] {Threei}
[13:37] {Threei}  (EU) France said to continue pressure on Bini Smaghi to step down from ECB for a France representative to take the seat - financial press
[13:37] {Threei}  lol
[13:48] {dino} tzoo sm l .76
[14:05] {Threei}  (GR) Eurogroup confirms next Greece aid tranche expected for release in November; as expected
[14:08] {Threei}  Earthquake of magnitude 7.2 strikes between Tsonga and New Zealand
[14:08] {dino} out tzoo .out tzoo .21, +.45
[14:14] {Threei}  wtg
[14:17] {dino} ty
[14:45] {dino}  magoo stopped by, gotta hop
[14:46] {Threei}  say hello
[14:46] {dino} will do
[14:46] {dino} later all
[14:46] {Threei}  take care dino
[15:20] {Threei}  I can't believe this market is not tanking into weekend
[15:20] {Threei}  are people really that deep in denial?
[15:22] {larisa} I believe you started day with the same question :)
[15:22] {Threei}  yes...
[15:23] {Threei}  this is something I can't stop wondering about :)
[15:23] {Threei}  I mean come on... Europe IS done, it's only a matter of time when they admit it
[15:24] {Threei}  you know the asset to debt ratio in Europe banking system?
[15:24] {Threei}  1:30!
[15:29] {Threei} Short Setup: FCX  .40 break half lot
[15:39] {Threei}  (EU) Austria Fin Min Fechter: Finance Ministers have narrowed available options for levering the EFSF to two options; down from 7 discussed earlier
[15:39] {Threei}  oh good
[15:39] {Threei}  5 didnb't make sense
[15:40] {Threei}  2 remainign don't eitgher but they ned to discuss something
[15:43] {Threei}  1:1
[15:46] {Threei}  close enough to 1:2
[15:46] {Threei}  out
[15:46] {Threei}  that's 6 out of 6
[15:46] {Threei}  than you all, have a good weekend
[15:46] {Threei}  see you Monday
[15:47] {larisa} bye :)