Wednesday, December 14, 2011

Dec 14 2011

ATTENTION: New course is available now:

7 calls, 6 wins. What is about downtrending markets that makes them so easy to trade... 

Session Time: Wed Dec 14 00:00:00 2011
01[09:00] {Threei}  (GE) Germany Chancellor Merkel: Europe has embarked on an irreversible process to create fiscal union; the importance of last week's summit results cannot be overstated - statement
01[09:00] {Threei}  - Next steps on fiscal union to be drafted by March 2012 and then go to parliaments.
01[09:00] {Threei}  - It is in the UK's interest to help Europe overcome the euro crisis.
01[09:00] {Threei}  - Europe must generate sustainable economic growth
01[09:00] {Threei}  - Reiterates that Euro Bonds will not resolve the current crisis
[09:06] {JK13} good morning everyone
01[09:06] {Threei}  morning jk
01[09:08] {Threei}  spot gold tests its 200-day moving average
01[09:09] {Threei}  (EU) EU's Juncker: All the funds for the euro zone's ESM mechanism need to be contributed in 2012
01[09:09] {Threei}  - Not all euro zone member states agree on this point
01[09:20] {Threei}  so far things deve,lop by the same scenario... uncertain pre-market, selling begins at first opportunity
01[09:24] {Threei}  certainly targeting short trades
[09:24] {jakob} good morning
01[09:25] {Threei}  jakob :)
01[09:25] {Threei}  hah!
01[09:25] {Threei}  nemo thinks he knows something about peyote
01[09:25] {Threei}  this shows he has nothing on these two guys:
01[09:25] {Threei}  (GE) Germany Fin Min Schaeuble: Reiterates view that Euro is a stable currency and not in crisis-
01[09:25] {Threei}  ECB's Weidmann says EUR is more stable than Deutsche Mark was
01[09:25] {Threei}  now, THAT'S delusion!
01[09:26] {Threei}  FCX just couldn't wait for the opening, could it...
01[09:30] {Threei}  prepare half lot on FCX, waiting out a min or two of opening vlatility
01[09:31] {Threei}  SLW too
01[09:31] {Threei} Short Setup: FCX  .30 break
01[09:31] {Threei}  ugh, late
01[09:32] {Threei}  teleported
01[09:32] {Threei}  watch for second chance
01[09:32] {Threei}  let it go over .30
01[09:32] {Threei}  then let's see if we get same setup
01[09:34] {Threei}  if can't then .25 break short
01[09:34] {Threei}  with stop above .35
01[09:34] {Threei}  in
01[09:35] {Threei}  target 1:3
01[09:35] {Threei}  1:1
01[09:36] {Threei}  stop to .31
01[09:36] {Threei}  giving it a little more breathing room than usual
01[09:36] {Threei}  stop to .26 now
[09:37] {dino} cov fcx .14, +.16 ty vad
01[09:37] {Threei}  :)
01[09:38] {Threei}  was 1 cent from 1:2, I guess I oversat it a little
01[09:40] {Threei}  watching HD
01[09:40] {Threei}  wjhat's with bout of enthusiasm?
[09:41] {JK13} divident for funds ?
01[09:41] {Threei} Short Setup: HD  .30 break
01[09:41] {Threei}  stop above .40
01[09:44] {Threei}  HD, not sure about target but should be able to do more than scalp
01[09:44] {Threei}  look at daily
01[09:44] {Threei}  nothing but air under it
01[09:46] {Threei} Short Setup: RIMM  .30 break
01[09:47] {Threei}  stop for day traders above .40
01[09:47] {Threei}  scalpers .35
01[09:47] {Threei}  HD 1:1
01[09:47] {Threei}  first partial out, trail stop
01[09:47] {Threei}  RIMM 1:1
01[09:48] {Threei}  bout of enthusiasm morphed into paroxysm of desperation
01[09:48] {Threei}  that's your neurotic market of late
01[09:48] {Threei}  be thankful ytou have a neurotic trader making calls for you {G}
[09:49] {dino} cov hd .16, +.13
01[09:49] {Threei}  :)
01[09:50] {Threei}  HD 1:2
01[09:50] {Threei}  second partial, stop to .26
01[09:50] {Threei}  to .21 now
[09:50] {dino} cov rimm .24, +.05
[09:50] {dino} ty vadster
01[09:51] {Threei}  not fooling around,are you
01[09:51] {Threei}  very welcome
[09:51] {swill} cov rimm .23 +.14 ty
01[09:51] {Threei}  wtg
01[09:52] {Threei}  and if you are curious to know how all these plays are structured, the coupon for your new shining course is coming right after market calms down
[09:53] {swill} oh boy
01[09:53] {Threei}  yup, running ahead of schedule
01[09:53] {Threei}  how many could say that these days
01[09:55] {Threei}  say, do you see the irony in this:
01[09:55] {Threei}  (CH) US Treasury's Brainard: If China wants to keep its economy expanding, it must reorient its growth model
[09:57] {RonS} hummm...the chinese must reorient...
01[09:57] {Threei}  oh... there is more than one level of irony
01[09:57] {Threei}  thatnks for pointing it out :)
[09:58] {RonS} must mean move to russia
[09:59] {RonS} qotd:   The only commodity in a bull market this year was False Breakouts
01[09:59] {Threei}  lol
01[10:00] {Threei} Short Setup: FCX  37 break
01[10:00] {Threei}  stop is so obvious, I won't insult your intelligence
01[10:01] {Threei}  1:1
01[10:01] {Threei}  well, if nemo were here, I would... just out of sheer love to the art of insults
01[10:02] {Threei}  play by the book
01[10:02] {Threei}  if partialing, trail to .01
01[10:02] {Threei}  if scalping, you need my guidance like you need a third nostril
[10:02] {dino} cov fcx .85, +.14 ty
01[10:02] {Threei}  welcome sir
01[10:02] {Threei}  that's 4 for 4?
[10:03] {dino} gj
01[10:03] {Threei}  I have my moments...
01[10:03] {Threei}  they are fewer and farther between as senility strikes but...
01[10:05] {Threei}  ah, here we go, plot thickens:
01[10:05] {Threei}  (EU) Outgoing member ECB's Stark: Euro zone needs its own finance ministry
01[10:05] {Threei}  they couldn't get that EU constitution through, so now theyh are using crisis to get the same thing through the backdoor
01[10:05] {Threei}  what was this rahm's saying... never waste a good crisis?
01[10:06] {Threei}  HD
01[10:06] {Threei}  maybe worth another short...
01[10:06] {Threei}  not sure, watching
01[10:07] {Threei}  rofl
01[10:07] {Threei}  Santa Claus rally replaced with the Grinch Groan
01[10:08] {Threei}  ok, if you feel panic coming (and I do)
01[10:08] {Threei} Short Setup: HD  39 break
01[10:08] {Threei}  if stays under .10
01[10:08] {Threei}  if you have nice profits from this morning's trading (and you should), do a half lot
01[10:08] {Threei}  to protect them, da profits
01[10:09] {Threei}  FCX baby
01[10:09] {Threei}  1:2
06[10:09] * Threei sings "fiiish in the barrel" to the tune of the "smoke on water"
01[10:10] {Threei}  FCX 1:3, out
01[10:10] {Threei}  wow, got .65 fill
[10:10] {dino} nice
01[10:10] {Threei}  HD 1:1
[10:11] {dino} cov hd .89, +.10 ty
01[10:11] {Threei}  :)
01[10:11] {Threei}  {HD} second short in 40 min? that's harrassment. I'll sue
[10:13] {dino} sprd sm l .00
01[10:19] {Threei}  look at fist market spike right out of the gate, 9:30 - 9:40
01[10:19] {Threei}  just how disappointed those who trusted it remain
01[10:20] {Threei}  it was against our general market read, so we waited it out, nailed the end of it, unleashed our shorts, and got rewarded with 5 straight wins
01[10:20] {Threei}  clear illustration to " go with your read, but wait for yor setups"
01[10:21] {Threei}  OK guys
01[10:21] {Threei}  room members, your 50% discount coupon for the new course:
01[10:22] {Threei} (edited out)
01[10:22] {Threei}  BVO members, your 30% discount coupon:
01[10:22] {Threei}  (edited out)
01[10:22] {Threei}  both are valid till Dec 31
[10:22] {cipher} what's BVO?
01[10:22] {Threei}  best value offer
[10:22] {cipher} ok
01[10:23] {Threei}  one under which 2 months free room bonus is granted
[10:23] {dino} out sprd .35, +.35
[10:23] {cipher} wtg
01[10:23] {Threei}  nice one dino
[10:23] {dino} ty
[10:23] {JK13} thx Dino sprd +.15
[10:23] {dino} gj
[10:23] {dino} eyes on gpor, csh, chk
[10:24] {RonS} in sprd at .85
01[10:24] {Threei}  course page is the same,
01[10:24] {Threei}  it's just that "coming soon" is no longer there
01[10:24] {Threei}  and link to Order is now active
[10:25] {dino} gpor sm l .42
[10:26] {swill} thanks for coupon.  I'll order today
01[10:27] {Threei}  sure thing, delivered as promised
[10:28] {dino} ron, gj sprd
[10:28] {dino} csh sm l .56 ave
[10:29] {RonS} out sprd .85 +.75  thanks dino
01[10:29] {Threei}  nice job guys
[10:29] {dino} ;)
01[10:30] {Threei}  *(US) DOE CRUDE: -1.9MM V -2ME; GASOLINE: +3.8M V +1.5ME; DISTILLATE: +480K V +1ME; UTILIZATION: 85.1% V 87.6%E
[10:35] {RonS} uh, so what's that mean?
[10:35] {RonS} hehe
01[10:35] {Threei}  don't even :)
[10:39] {swill} back in 90.
[10:48] {dino} wow fslr
[10:48] {dino} 180 to 30
01[10:50] {Threei}  hmm
01[10:50] {Threei}  (FR) France Foreign Min Juppe: The loss of AAA rating would not be cataclysmic; believes that ratings agencies can be "subjective and political" - French press
01[10:50] {Threei}  Earlier this morning Bundesbank President Weidmann said that the loss of 'AAA' rating is not the end of the world.
01[10:50] {Threei}  cam you tell they see it coming?
[10:51] {dino} indeed
[10:51] {dino} everybodyv already knows they are not aaa
01[10:55] {Threei}  curious thing to me is:
01[10:55] {Threei}  everyone knows it's comiong, deep in their soul,
01[10:56] {Threei}  and normally, this kind of things would have caused selling in advance
01[10:56] {Threei}  so that when actual event comes, market reacts in opposite way, trapping those who came late to the party
01[10:56] {Threei}  This time ariound however, market stays in denial
[10:56] {dino} gpor stop -.28
01[10:57] {Threei}  and when it happens, it will actualy tank
01[10:57] {Threei}  I don't know why... my best guess is:
01[10:58] {Threei}  market is so overwhelmed by bad news and unimaginable scale of a disaster projected, it just gets nube to it
01[10:58] {Threei}  numb
01[10:58] {Threei}  so any hint of good news causes husterical buying
01[10:58] {Threei}  hysterical
01[10:58] {Threei}  then depression returns and steady selling resumes
01[10:59] {Threei}  that's your bi-polar neurotic market that we have last few weeks/months
01[10:59] {Threei}  not bad for trading... murderous for investors
[10:59] {dino} fwiw s/p is -11%+ fron '11 highs
[11:00] {RonS} gpor sm l .05
[11:01] {dino} sprd sm l .87
01[11:08] {Threei}  argh
01[11:08] {Threei}  intended to watch SLW for 29 breakdown earlier
01[11:08] {Threei}  gor distracted
01[11:09] {Threei}  see inverted C&H breakdown?
[11:09] {RonS} out gpor -.05
[11:15] {dino} out sprd .30, +.43
01[11:21] {Threei}  probably bounce time for the market
[11:24] {dino} gpor sm l .85
01[11:28] {Threei} Long Setup:  TNA  .40 break half lot
01[11:28] {Threei}  stop under .30
01[11:28] {Threei}  target .70
01[11:30] {Threei}  no go
01[11:32] {Threei}  news-driven selling
01[11:32] {Threei}  CS Portion of a Credit Suisse building in Manhattan has been evacuated by Police due to a suspicious package
[11:33] {dino} fruit cake
[11:42] {dino} stx l .06
[11:42] {RonS} fio sm l .40
01[11:43] {Threei}  Euro below 1.30...
[11:43] {dino} most of the morning
01[11:44] {Threei}  I just noticed :)
[11:54] {dino} out stx .19, +.13
[11:55] {dino} fwiw gaps below 11556, 2211, 1195
[11:56] {RonS} lol...Good News! American Airlines emerging from Chapter 11 as a "social media airline", valuation $64 billion. They're calling it Fly-
[11:57] {RonS} missed a letter...should read Fly-R
01[11:57] {Threei}  heh
01[11:58] {Threei}  out of all crazes, one I can't wait to pass is a social media craze
[12:08] {swill} purchased new coarse.  will have as comba protection today
[12:09] {dino} fio sm l .14
[12:13] {dino} sm l gld .05
01[12:13] {Threei}  thanks swill, hope you'll enjoy it
01[12:13] {Threei}  let me know if access is OK
[12:14] {swill} so far, good
01[12:14] {Threei}  cool
[12:15] {swill} indeed
01[12:15] {Threei}  haven't found any glitches during testing, but still
[12:15] {dino} dcc 3i
[12:22] {dino} gld stop -.25
[12:24] {JK13} .
[12:28] {dino} rinsed
[12:30] {JK13} 3i what do you think on tna long
[12:31] {dino} 07 green
01[12:31] {Threei}  toughie...
01[12:31] {Threei}  tempting but iffy
[12:48] {dino} out fio .72, +.58 ty ron
01[12:50] {Threei}  wtg
[12:50] {RonS} out fio .80 +.40
[12:51] {RonS} yw dino glad you are back
[12:58] {RonS} what the heck...xlf, bkx green
01[13:10] {Threei}  (UK) Financial regulator FSA is said to have asked UK banks to submit plans in regards to their preparation for a potential breakup of the euro zone - financial press- FSA is said to be planning to meet with banks to discuss their contingency plans for any potential euro zone breakup.
[13:21] {dino}   out gpor .60, +.75
[13:23] {RonS} gj
[13:23] {dino} ty
[13:27] {RonS} mc time on a lot of dailies
[13:28] {RonS} hammer time
[13:34] {RonS}
[13:37] {patience} good morning  :)
01[13:38] {Threei}  morning patience
[13:39] {RonS} dino, could gmcr go for a gap fill this pm?
[13:41] {dino} be a heck of a move
01[13:49] {Threei}  EUR/USD PIMCO Global portfolio management Chief Mather: EUR/USD parity is not out of the question; US dollar is best trade for the next 3 to 6 months
01[13:49] {Threei}  so dino... you remarked earlier on how much FSLR is donw, remember?
01[13:50] {Threei}  now, have a look at this:
01[13:50] {Threei}  First Solar Inc. Hearing Stifel downgrades to Hold from buy
01[13:50] {Threei}  can you say value added?
[13:51] {dino} lol
[13:55] {RonS} $CVX Spiking Lower; Brazil Prosecutors Seek 20B Reais from Chevron in Damages; Asked to Suspend All Activity in Brazil by Prosecutors
[14:12] {RonS} rig hit on this too
[14:24] {dino} hitk sm l .23 ave
01[14:27] {Threei} Short Setup: UIS  .45 break
01[14:27] {Threei}  if stays under .55
[14:29] {dino} gmcr came back 2
[14:44] {JK13} .
01[14:44] {Threei}  good point
[14:45] {JK13} ;)
01[14:46] {Threei}  (US) Senator Demint (R-SC): Believes the Fed will not provide funding to the IMF
01[14:46] {Threei}  Fed: wanna bet?
01[14:47] {Threei}  UIS touched 1 cent from 1;1
01[14:47] {Threei}  let's trail stop to .51 if still in
01[14:53] {Threei}  1:1 baby
01[14:53] {Threei}  patient ones, start covering
01[14:53] {Threei}  scalpers get out
01[15:13] {Threei}  no news for this market spike
01[15:18] {Threei}  1:2 UIS
01[15:18] {Threei}  my a$$ is out
[15:21] {patience} china said today it guarantees growth amid global story being picked up, no idea if it is a legitimate story
01[15:22] {Threei}  guarantees, eh
01[15:22] {Threei}  "those are our numbers, we can make them whatever we want"
[15:26] {dino} they were saying yesterday 8% growth for at least 10 years
01[15:27] {Threei}  BS
01[15:28] {Threei}  as far as I am concerned
01[15:38] {Threei}  lol
01[15:38] {Threei}  Dear God,
01[15:38] {Threei}  My prayer for 2012 is for
01[15:38] {Threei}  A fat bank account & a thin body.
01[15:38] {Threei}  Please don't mix these up like you did last year.
01[15:38] {Threei}  AMEN!
[15:41] {swill} amen
[15:42] {patience} this must be a guy's prayer
01[15:46] {Threei}  what do you know
01[15:46] {Threei}  UIS made it to 1:3
01[15:46] {Threei}  without me, but still
[15:47] {dino} out hitk ave .57, +.34
01[15:47] {Threei}  nice finish
[15:47] {dino} ty took about an hour
[15:53] {dino} wab spiuke
[15:53] {dino} spike too
[15:53] {dino} wtf 69s now 64
01[15:54] {Threei}  no news yet
01[16:00] {Threei}  OK guys, thank you all
01[16:00] {Threei}  have a good evenbing
01[16:00] {Threei}  see you tomorrow
[16:01] {dino} gn