Thursday, November 10, 2011

Nov 10 2011

(Participation in the room in real time requires membership)

Not exactly our day as due to a few rinses we finished slightly in red. One cool play made it Catch of the Day though:

Session Time: Thu Nov 10 00:00:00 2011
[09:04] {Threei}  good morning
[09:05] {swill} :Dmorning
[09:05] {Threei}  stumbled onto rerun of yesterday's debate, piece with Perry forgetting his own program... can it get any more embarassing for a candidate
[09:05] {Threei}  swill :)
[09:05] {Threei}  man, you missed a good day yesterday
[09:06] {swill} hopfully more to come
[09:06] {dino} gm all
[09:06] {Threei}  dino :)
[09:06] {Threei}  sure but with devastating earhquake coming any minute noqw, why miss any of those :)
[09:07] {swill} lol
[09:19] {jakob} good morning
[09:20] {Threei}  jakob :)
[09:20] {Threei}  mised yesterday too?
[09:20] {jakob} yah was out of town
[09:21] {Threei}  OK... I take it you and swill just got together and got drunk
[09:22] {Threei}  which is just fine but why no one invited me...
[09:22] {jakob} I wish.. working all day
[09:22] {Threei}  ugh.. sorry then
[09:23] {Threei}  the rumors swirling in Europe, oy
[09:23] {swill} would it help if I said I missed you
[09:23] {Threei}  well, if nemo was here he would say: next time aim better
[09:24] {swill} lol
[09:26] {RonS} howdy y'all...
[09:26] {Threei}  ron :)
[09:26] {Threei}  FCX wide swing
[09:27] {Threei}  prepare half lot
[09:27] {Threei}  can't tell which way yet
[09:30] {dino} man, we are leaving gaps everywhere
[09:33] {RonS} mpel blood on beat
[09:34] {Threei}  RIMM
[09:34] {Threei}  new 52 week lows
[09:34] {Threei} Long Setup:  FCX  .35 break
[09:34] {Threei}  half lot
[09:35] {Threei}  stop under .25
[09:35] {Threei}  1:1
[09:36] {Threei} Long Setup:  LVS  .80 break
[09:36] {Threei}  if stays above .70
[09:36] {Threei}  hmmm
[09:37] {Threei}  wasn't really obtainable, but back to tgrigger
[09:37] {Threei}  in
[09:37] {dino} gut call, going down
[09:37] {Threei}  target 46.10
[09:37] {Threei}  1:1
[09:37] {Threei}  .75 new stop
[09:39] {Threei}  1:2
[09:39] {Threei}  stop to .79
[09:40] {dino} 07 red
[09:41] {Threei}  target hit
[09:41] {Threei}  out .08
[09:42] {Threei}  (EU) German Bundesbank's Dombret: Monetary financing of euro zone member states is forbidden, would lead to massive lack of trust in the euro
[09:42] {Threei}  - There was no emergency ECB meeting yesterday, there is no meeting scheduled for today either.
[09:42] {Threei}  - Seeing no signs of a credit crunch, German banks are refinancing themselves in the money market without problems.
[09:42] {Threei}  - Capital requirements by German banks may be higher than the so far expected �5.0B
[09:47] {Threei} Long Setup:  FCX  .10 break if stays above 39
[09:47] {Threei}  double bottom play
[09:49] {Threei}  no worky
[09:49] {RonS} mpel l .85
[09:49] {Threei}  rinse?
[09:51] {Threei}  no
[09:51] {Threei}  slw
[09:52] {Threei} Long Setup:  SLW  .80 break
[09:52] {RonS} out mpel scatch
[09:53] {patience} wanoes42
[09:53] {dino} 07 red
[09:53] {Threei}  invalidated
[09:54] {Threei}  ugh FCX
[09:55] {dino} opnt sm l .51
[09:58] {Threei} Long Setup:  FAZ  .50 break
[09:59] {Threei}  if stays above .35
[10:00] {Threei}  stop to .39
[10:00] {dino} ndx filled
[10:01] {Threei}  half out
[10:01] {Threei}  .62
[10:01] {Threei}  1;1
[10:01] {Threei}  stop to .45
[10:01] {dino} pega sm l .20
[10:02] {Threei}  to .49
[10:03] {dino} opnt stop
[10:04] {Threei}  scalpers win
[10:06] {dino} pega stop
[10:09] {Threei} Short Setup: RIMM  .60 break
[10:09] {Threei}  if stays under .70
[10:09] {Threei}  missed FAZ reentry by cents
[10:10] {Threei}  wanted it to dive under 42 briefly, to enter oin recross
[10:10] {Threei}  darn thing held by couple cents
[10:12] {Threei} Long Setup:  LVS  .50 break
[10:12] {Threei}  .35 stop
[10:13] {Threei}  .90 target
[10:14] {Threei}  no worky
[10:15] {Threei}  exchanging jabs
[10:25] {Threei}  well RIMM
[10:25] {Threei}  if you lose .50, there is no bottom in sight
[10:25] {Threei}  so let's
[10:26] {Threei}  1:1
[10:26] {Threei}  needless to say, not a scalp for me
[10:27] {Threei}  stop to .61
[10:30] {Threei}  1:2
[10:30] {dino} gj rimm
[10:30] {Threei}  1/4 more out, stop to .51
[10:30] {Threei}  ty
[10:30] {Threei}  gewtting in green
[10:30] {Threei}  -w
[10:31] {dino} 2298 ndx filled
[10:47] {Threei}  RIIMM nears 1:3
[10:48] {Threei}  not covering there, will try to trail;
[10:49] {dino} mpel l .62
[10:50] {Threei}  1"3, trailing to .45
[10:52] {RonS} opnt sm l .45
[10:55] {dino} hitk l ave .82
[10:56] {Threei}  1:4
[10:57] {dino} pega reload .20
[10:57] {dino} gappy
[10:57] {Threei}  done with RIMM for now
[10:57] {Threei}  1:4 is good enough
[10:58] {dino} gj
[10:58] {Threei}  ty
[11:00] {dino} ipgp sm l .40 break
[11:00] {thomcbell} aapl committed insitutional selling
[11:03] {Threei}
[11:05] {dino} pivot 123.85
[11:07] {Threei}  good cover RIMM, eh
[11:21] {dino}  qihu spike
[11:34] {dino} giddy-up
[11:37] {Threei}  lol, bank of america is canceling overdraft fees now
[11:37] {Threei}  what an effective way to protest that mass walkout was
[11:50] {dino} mpel stop -.04
[11:54] {patience} .
[12:03] {Threei} Short Setup: SLW  .65
[12:03] {Threei}  if stays under .75
[12:03] {Threei}  just a scalp most likely
[12:06] {Threei}  (IT) ECB board member Bini Smaghi will step down at the end of 2011, before his term was set to end in May 2013
[12:06] {Threei}  - Reminder: Since Draghi was named to ECB top post, there had been some pressure for Italy to yield a post for nomination by other countries
[12:07] {Threei}  rats are abandoning sinking ship?
[12:09] {thomcbell} what is the setup there on slw
[12:10] {Threei}  non-working one?
[12:10] {Threei}  above .75
[12:10] {Threei}  criss-cross it off your memory as bad nightmare
[12:11] {thomcbell} aapl
[12:11] {thomcbell} underpressure again
[12:33] {Threei}  (US) Fed's Bernanke: Fed tries to help where it can with regards to fiscal decisions; Fed was concerned over budget battle observed in Congress earlier this year
[12:33] {Threei}  - Notes the budget battle in Congress created a lot of problems
[12:33] {Threei}  - Urges Congress to avoid fiscal 'brinkmanship'; debt is a large part of the economic challenges, debt is a part of the reason consumer spending has been weak and has slowed the economy
[12:38] {RonS} mpel l .28
[12:49] {RonS} out .36 +.08 toughie
[12:52] {Threei}  uh oh
[12:52] {Threei}  (FR) ECB's Noyer: Not expecting France to enter a recession
[13:05] {Threei}  (EU) ECB's Praet: Debt market discipline mechanisms have failed
[13:05] {Threei}  no kidding
[13:05] {dino}   lol
[13:12] {Threei}  wow
[13:12] {Threei}  (US) SEC could delay some Dodd Frank rule implementation beyond this year
[13:12] {Threei}  - Rules regarding executive pay ratio disclosure are 'challenging' and may need to be placed on the agenda for next year
[13:12] {Threei}  out of all the crap in that, THIS is what hey have troubles with??
[13:14] {dino} they should kill the entire rule
[13:14] {Threei}  no doubt, but - this is the part that troubles them?
[13:41] {nemo} least I don't have to take a shower for work tonight
[13:41] {Threei}  why?
[13:41] {Threei}  you are naturally that clean?
[13:41] {nemo} raining llamas and camels
[13:41] {Threei}  ah
[13:42] {Threei}  so, no bambie killing today I take it
[13:43] {thomcbell} slw on ur radar here vad?
[13:43] {nemo} nah...  dogs in the house next to where I'm hunting chased them off as they were coming toward the stand
[13:44] {Threei}  I am looking at it now and then thomc
[13:44] {Threei}  just not seeing much
[13:44] {RonS} who let the dogs out?...woof...woof
[13:49] {nemo} grow up
[13:55] {RonS} ...preparing for Les' return...
[13:55] {nemo} that ain't happenin' any time soon
[14:00] {thomcbell} lvs 45.51 long entry VAD?
[14:00] {Threei}  chart is right
[14:00] {Threei}  market support is needed
[14:08] {Threei}  none came
[14:13] {Threei}  in retrospect, .40 break was a short setup
[14:13] {thomcbell} yes was so tight and could make a case for the long or short
[14:23] {RonS} soda blood
[14:30] {thomcbell} fcx looking interesting short
[14:31] {Threei}  .20 break?
[14:34] {Threei}  .30 break would be aggressive entry
[14:34] {thomcbell} yes 0.20 breal
[14:34] {Threei}  counting on .20 as trigger
[14:34] {thomcbell} break
[14:34] {Threei}  and rejection by descending upper line
[14:36] {Threei}  stop .36
[14:36] {Threei}  there
[14:36] {Threei}  half out, to take advantage of aggressive entry
[14:43] {patience} .
[14:44] {thomcbell} fcx out
[14:44] {Threei}  with second half stopped at .31, aggressive entry worked for tbhis one while regular wouldn't work at all
[14:44] {thomcbell} right
[14:45] {Threei}  this is preferred way to play channesl
[14:45] {Threei}  descending in this case
[14:49] {dino} ew drop
[14:51] {cipher} ew nice one thx dino
[14:51] {dino} :)
[14:52] {dino} sfly drop
[14:56] {Threei} Short Setup: SLW  .90 break
[14:56] {dino} sm l .50
[14:57] {Threei}  target about .55
[15:05] {Threei}  no go
[15:07] {dino} out sfly .60, +1.10
[15:07] {RonS} wtg
[15:07] {dino} thx
[15:08] {dino} opps, actually got out .70, +1.20
[15:09] {RonS} ew stange...the article i am reading on heart valve study seems positive
[15:09] {dino} same thought here
[15:11] {RonS}
[15:17] {RonS} qotd...$EW definitely news...Sapien Heart Valve Study Shows Widening Survival...guess that's bad news?
[15:25] {Threei}  not really delighted by today
[15:25] {dino} nor i
[15:25] {Threei}  feels very random
[15:25] {Threei}  win some lose some
[15:26] {dino} struggled, first down day in last 8
[15:26] {Threei}  slightly down here too
[15:41] {Threei}  Portugal the 10yr is at 12.5%, the 5yr at 14.4%, and the 2yr at nearly 17%
[15:42] {RonS} ...time to invade brazil again...
[15:44] {Threei}  lol
[15:45] {RonS} funny how europeans were some of the most ferocious people on the planet for a 1000 years...and now pc and socialism has made them into wimps
[15:46] {Threei}  sorry to say, but we are not very far behind...
[15:46] {Threei}  aalthough if there is slimmer of hope anywhere on the planet, I'd look for it here
[15:50] {Threei}  no clear direction into close
[15:50] {Threei}  dropping it
[15:51] {Threei}  thank you all, let's have a relaxing evening
[15:51] {Threei}  see you in ther morning
[15:51] {patience} ty vad