Clean winning day - kept calm and conservative, taking safe and clear plays, restoring balance and confidence.
Session Time: Thu Jan 12 00:00:00 2012
[09:01] {ese} mornin
[09:01] {Threei} morning ese
[09:07] {JK13} morning everyone
[09:07] {Threei} jk
[09:07] {swill} morning
[09:07] {Threei} will
[09:07] {Threei} +s
[09:10] {ese} jk swill
[09:14] {rambler} gm all...
[09:16] {Threei} rambler :)
[09:16] {Beau} good morning you all
[09:18] {Threei} beau :)
[09:24] {RonS} gm gents
[09:25] {Threei} ron :)
[09:27] {ese} ron beau
[09:27] {ese} rambler
[09:28] {Beau} gm ese.
[09:28] {rambler} morning ese....
[09:30] {Threei} Long Setup: LVS .50 break
[09:30] {Threei} half lot
[09:30] {Threei} if stays above .40
[09:31] {Threei} no go
[09:31] {RonS} WYNN Vice-Chairman suing to get financial details due to mis-use of funds
[09:32] {Threei} Long Setup: FCX .40 break
[09:32] {RonS} WYNN getting rocked on suit from No. 1 shareholder. Dispute over a charitable donation to University of Macau Development Foundation
[09:32] {Threei} stop under .25
[09:32] {ese} wink wink...nudge nudge
[09:34] {Threei} Short Setup: SLW .80 break
[09:34] {Threei} stop .86
[09:34] {Threei} target .65
[09:35] {Threei} FCX target .80
[09:35] {Threei} 1:1
[09:36] {Threei} stop .34
[09:37] {Threei} SLW stopped
[09:38] {Threei} FCX stop to .39
[09:39] {Threei} scalpers win
[09:41] {dino} gm
[09:41] {Threei} dino :)
[09:41] {Threei} Long Setup: CAT .20 break half lot
[09:41] {Threei} if stays above .10
[09:42] {Threei} change to .10 break
[09:42] {Threei} if holds 99
[09:43] {dino} qcor gap fill
[09:44] {ese} dino
[09:44] {Threei} 99 break now
[09:45] {Threei} invalidated too
[09:47] {Threei} Long Setup: FCX .05 break
[09:48] {Threei} stop under 42
[09:48] {Threei} very tight
[09:48] {Threei} target closer to .20
[09:50] {Threei} CAT escaped
[09:50] {Threei} couldn't see clear reversal signal
[09:52] {Threei} half out .1/long se .70 break
[09:52] {Threei} oops
[09:52] {Threei} Long Setup: SE .70 break
[09:52] {Threei} slow one
[09:52] {Threei} half out .15 fcx
[09:53] {Threei} out in full .23
[09:53] {Threei} SE stop .64
[09:53] {RonS} caught fcx +.15 ty
[09:53] {Threei} :)
[09:54] {Threei} target .85, two partials
[09:54] {dino} out fcx .31, +.25 ty vad
[09:54] {Threei} welcome
[09:55] {rambler} ditto...
[09:55] {Threei} Long Setup: SAP .50 break
[09:57] {Threei} invalidated
[09:59] {Threei} half out SE, stop to .69
[10:00] {cipher} took +.69 on QCOR big shares thanks dino!
[10:01] {thomcbell} EXCELLENT
[10:01] {Threei} nice
[10:01] {thomcbell} i caught it well too Dino
[10:01] {Threei} wtg
[10:01] {cipher} was a nail biter though
[10:01] {dino} gj
[10:02] {dino} definition of pulp
[10:03] {dino} corn?
[10:03] {thomcbell} sap one to watch for double bottom to developo on the 1 minute
[10:03] {thomcbell} ala - 111
[10:03] {thomcbell} way too early
[10:04] {Threei} (US) Dec Philadephia Fed index revised down to 6.8 from 10.3
[10:04] {Threei} wow... some revision
[10:04] {Threei} SWC
[10:04] {Threei} takeover rumors
[10:05] {ese} this is patience's day....gold stocks on the move
[10:06] {ese} ng auy
[10:06] {Threei} SE target hit
[10:06] {Threei} slow and very safe
[10:06] {Threei} no single downtick
[10:06] {ese} hl
[10:08] {dino} fcx s .99
[10:09] {Threei} Long Setup: TZA .95 break
[10:10] {Threei} if stays above .85 scalpers, .80 day traders
[10:11] {dino} fcx stop -.06
[10:12] {dino} corn sm l .90
[10:13] {dino} fcx rinsed
[10:13] {Threei} 1:1 scalpers
[10:14] {dino} qcor sm l .25
[10:14] {dino} fcx s .85
[10:15] {Threei} stop .89
[10:15] {cipher} tna l .15
[10:15] {Threei} Florida GOP Primary: Romney 41%, Gingrich 19%, Santorum 15%
[10:17] {Threei} 1:1 day traders
[10:17] {Threei} half out, stop to .94
[10:18] {cipher} -.17 tna
[10:18] {Threei} too early for reversal, cipher... downtrend is in full force still
[10:18] {cipher} ok
[10:20] {dino} out qcor +.30
[10:20] {dino} fcx stop -.05
[10:21] {dino} f'ing rinses
[10:31] {cipher} .
[10:31] {dino} pvh sm l .72
[10:31] {dino} corn stop
[10:32] {rambler} o.K. Dino, I've got to ask....
[10:33] {rambler} what is corn stop...?
[10:34] {dino} .33 cents
[10:35] {rambler} what is relationship to corn....?
[10:36] {dino} corn fund is all i know
[10:36] {rambler} lol...
[10:36] {dino} vwap .60
[10:37] {RonS} US ag dept forecast larger than expected soybean and corn crops
[10:37] {dino} ahhh
[10:39] {dino} pvh stop -.20
[10:41] {JohnH} TZA pulling out of the station
[10:41] {Threei} yeah, I still want .25 for the second half
[10:42] {dino} psmt sm l .35 stop lod
[10:42] {dino} fcx s .88
[10:44] {JohnH} tough call, spy looks exhausted?
[10:45] {dino} pvh rinsed, ugh 3 today
[10:46] {cipher} tna l .91
[10:46] {cipher} ibm l .50
[10:47] {Threei} on what side Johnh?
[10:47] {JohnH} trying to sell last partial of TZA
[10:47] {JohnH} and using spy as a guage
[10:47] {Threei} TZA is inverse, remember
[10:48] {Threei} goes up when SPY goes down
[10:48] {JohnH} right, spy exhausted down, therefore sell last partial of TZA
[10:49] {cipher} lokks like this may be it for spy
[10:49] {JohnH} spy volume spike at 10:43, no?
[10:49] {dino} cov fcx +.02
[10:49] {Threei} hard to tell...
[10:49] {cipher} out ibm partial +.40
[10:49] {Threei} 50/50 to me
[10:50] {cipher} gut feeling...
[10:50] {cipher} but then what the hell do i know :-)
[10:50] {dino} corn sm l .50
[10:51] {cipher} out ibm in full +.74
[10:51] {rambler} beauty.....
[10:51] {Threei} very much so
[10:52] {cipher} out tna +.25
[10:52] {dino} gj
[10:53] {cipher} ok guys, did ok today... cya tomorrow
[10:53] {Threei} gj
[10:54] {Threei} take care
[10:54] {rambler} cya cipher....
[10:54] {swill} cya cipher
[10:54] {dino} cya
[11:01] {Threei} OK, so far so good
[11:01] {Threei} the day is very different from yesterday, setups work much better
[11:01] {dino} pacw l .65 ave
[11:01] {Threei} let's try to find safe scalps here and there, to add to the day without jeopardizing it more than necessary
[11:05] {rambler} X ready for short...?
[11:05] {dino} corn stop -.05
[11:05] {Threei} very much depends on the markey
[11:06] {Threei} if it continues climbing, X will break 28
[11:08] {RonS} rimm pop
[11:09] {RonS} qotd: Chatter: $RIMM hiring $TIM Tebow to pray for a buyer.
[11:09] {dino} lol
[11:10] {Threei} lol
[11:10] {dino} x l .01
[11:11] {rambler} see, just do opposite to me.....
[11:11] {JK13} Vad what do you think fcx long in the pull back?
[11:12] {Threei} if moves back to 42, yes, looks right
[11:13] {JK13} thx
[11:13] {ese} am outta here......cya tomorrow......
[11:13] {Threei} take care ese
[11:13] {rambler} cya ese....
[11:13] {dino} psmt to .75
[11:14] {dino} out .78, +.42
[11:15] {dino} stop x -.03
[11:16] {rambler} back in 60.....
[11:20] {Threei} Long Setup: FCX .05 break
[11:21] {Threei} (CZ) Czeck Prime Minister: Cannot fully support EMU agreement without formalized text; agreement would serve to significantly change the function of the EMU
[11:21] {Threei} change to 42
[11:23] {thomcbell} What are u seeing there Vad?
[11:23] {Threei} just a pullback entry
[11:27] {Threei} invalidated
[11:28] {dino} csh sm l .04
[11:29] {JohnH} dino: what size can you trade psmt? looks thin.
[11:30] {dino} 400
[11:32] {JohnH} if you are bagging .40 then that works nice.
[11:32] {dino} alr l .51
[11:41] {dino} when i type sm=400, 1/1 =.30
[11:41] {JohnH} got it, thanks
[11:42] {dino} just remember, you pull your own trigger
[11:42] {JohnH} of course, I am just watching and learning
[11:44] {JohnH} fcx didn't give a retest to get entry
[11:45] {dino} qcor vwap .86
[11:49] {Threei} LVS, impressive reversal
[11:52] {RonS} nxtm dino
[11:53] {dino} alr stop -.02
[11:53] {dino} like to see more of a whoosh
[12:21] {dino} nxtm l .76
[12:30] {dino} to .99
[12:31] {dino} out nxtm .02, +.26 ty ron
[12:32] {RonS} yw...gj
[12:39] {dino} wow way too soon
[12:40] {dino} bvsn drop
[12:49] {dino} cog sm l .61
[12:56] {dino} out cog .91, +.30
[12:56] {dino} qcor vwap .75
[12:59] {RonS} wow...natty gas at 2.68 no wonder these stocks are so weak...
[12:59] {Threei} unbelievable
[13:00] {dino} yeah, and obama doesn't want natty gas as oil replacement, sheesh
[13:00] {dino} enough for 120 years
[13:00] {Threei} for years I hear traders whining about nat gas being a robbery
[13:00] {Threei} and still it continues in 2012
[13:01] {dino} well they are finding it everywhere. we have more nat gas than saudis do oil
[13:01] {dino} that vwap keeps rejecting qcor
[13:01] {dino} if it gets thru, most likely take off
[13:02] {cc_8} wow action
[13:02] {Threei} yeah, good treasury auction
[13:03] {dino} out half pacw .78, +.13
[13:05] {dino} qcor sm l .76 trig
[13:09] {dino} stop -.31
[13:10] {dino} better to play the range i guess
[13:10] {Threei} North Korea citizrns facing jail setneces for not grieving enough on dear leader funeral
[13:10] {Threei} cool...
[13:15] {dino} out remainder pacw .76, +.11
[13:20] {Threei} Short Setup: FCX .50 break
[13:20] {Threei} just a scalp objective
[13:26] {RonS} qcor in ongoing jpm conference breakout session...
[13:27] {dino} missed it at .00
[13:38] {dino} fcx to .38
[13:39] {Threei} easy scalp
[13:39] {dino} cov +.12 ty vad
[13:39] {Threei} :)
[13:40] {JK13} thx Vad
[13:40] {Threei} as planned... sitting out everything risky or unclear, taking thr easiest plays
[13:40] {Threei} welcome guys
[13:44] {dino} deck drop, gap 85
[13:44] {dino} qcor banging vwap again
[13:47] {dino} qcor sm l .65 wide
[13:50] {RonS} QCOR breakout: We want to hear what Streetsweeper has to say... to date, no issues, no investigations. We take compliance seriously
[13:51] {RonS} pop goes the weasel...
[13:53] {thomcbell} nice job Vad on FCX
[13:54] {Threei} ty
[13:54] {thomcbell} lovely really
[13:54] {Threei} being a bit on a careful side today, want to restore the balance and confidence after yesterday's shellacking
[13:55] {Threei} worst thing you can do is to be overly aggressive after a losing day, pushing too hard to get it back
[13:56] {dino} been there
[14:00] {Threei} *(US) NOV MONTHLY BUDGET STATEMENT: -$85.9B V -$83.7BE (39TH STRAIGHT MONTH OF DEFICITS)- Receipts: $239.9B v $236B y/y - Outlays: $325.9B v 315$B y/y
[14:00] {dino} out qcor .45, +.80
[14:00] {Threei} beautiful
[14:01] {dino} ty
[14:01] {dino} lucky really
[14:02] {Threei} uhhu
[14:04] {dino} wcc spike
[14:04] {dino} bvsn drop
[14:05] {thomcbell} Vad - i havent gotten to the video yet but completed 111 book yesterday - excellent work - helped train my eye further
[14:08] {Threei} thank you
[14:08] {Threei} happy to hear it helps
[14:08] {Threei} I started collecting screenshots for the third video
[14:09] {dino} deck sm l .00
[14:09] {Threei} many say they loved first two and would be glad to have third one, with even faster pace between screenshots
[14:10] {dino} deck stop is .82
[14:13] {dino} make it .89
[14:13] {dino} ntri drop
[14:17] {dino} stop
[14:20] {dino} deck rinsed thats 5 today
[14:21] {dino} ual spike
[14:29] {RonS} ...hearing crude just lost 99
[14:31] {Threei} on this:
[14:31] {Threei} EU said to be leaning toward delaying embargo on Iran oil imports several months to mid-2012 - financial press
[14:31] {Threei} **NOTE: Prior reports have stated that the EU could take a few months to put an embargo in place or that it could be done incrementally due to concerns about an oil spike hurting the chances of economic recovery in Europe. During the European market session today a press report said that EU consensus is said to be developing for a 3-month delay in the implementation of the ban on Iran's petrochemical products and a 6-month delay on an Iran crude embargo. According to one recent report, EU officials may meet to make a final decision on Jan 23rd.
[14:35] {dino} lol, give them six more months, before acting. didn't this start in 2010
[14:38] {dino} ual s .78
[14:44] {dino} to .68
[14:44] {dino} cov +.10
[14:48] {rambler} FAZ L 31.5
[14:54] {rambler} out
[15:05] {dino} wes drop
[15:09] {Threei} Obama asks Congress for $1.2 trillion increase in the nation's debt limit
[15:16] {dino} wes l .28
[15:16] {RonS} ya know stocktwits often gives pretty timely info...but then you get inane bs like this:
[15:17] {RonS} Can someone explain why $RIMM is popping like this? Is there some secret deal that we are unaware of? This stock was pretty dead last week
[15:17] {dino} gap around 26 i think
[15:18] {Threei} the only thing I see, a few hours ago:
[15:18] {Threei} RIMM Ticks higher on vague chatter the company has hired an advisor to pursue strategic alternatives
[15:28] {dino} out wes .38, +.10
[15:28] {dino} gotta hop, gn all, thx for ideas
[15:28] {Threei} take care dino
[15:29] {Threei} Long Setup: TNA .50 break
[15:29] {Threei} if stays above .40
[15:34] {Threei} invalidated
[15:42] {JK13} gn all
[15:42] {rambler} MON drop..
[15:42] {Threei} take care JK
[15:42] {Threei} TNA
[15:43] {Threei} vakid again but klet's keep it half lot
[15:43] {Threei} valid
[15:55] {Threei} I guess let's scratc it
[15:55] {Threei} no time
[15:55] {Threei} thank you all, have a great evening
[15:55] {rambler} thanks Vad....gn all..
[15:55] {Threei} see you tomorrow
