Wednesday, February 8, 2012

Feb 08 2012

(Course on chart pattern recognition is available now:  

Another solid day with fair number of winning trades and few tight stops.

Session Time: Wed Feb 08 00:00:00 2012
[08:55] {Threei}  Yesterday afternoon, there were press reports that the ECB would be willing to exchange Greek debt for EFSF bonds but would not take losses in the exchange. Under any agreement, the EFSF would return the bonds to Greece and then Greece would repay the EFSF for the price at which the fund bought the bonds from the ECB. There has been no official denial of these reports as of now.
[08:57] {nemo} Oy vay...took a sleeping pill last night
[08:58] {Threei}  and still sleeping?
[08:58] {nemo} drooling on the keyboard
[08:59] {Les} then all is normal in the world
[08:59] {Threei}  lol
[08:59] {Threei}  8% say current Congress better than names randomly picked from phone book... 43% prefer the phone book
[08:59] {Threei}  38%
[08:59] {nemo} Yeah, and unfortunately I thought up a great insult for Les, but I've forgotten in the haze
[08:59] {nemo} Oh, I just remembered
[09:00] {Threei}  let's hear it
[09:00] {nemo} I'll use it at the right time...and Vad, the janitor probably won't appreciate it
[09:00] {Threei}  ummm
[09:00] {Les} you know Vad doesn't like editing
[09:00] {Threei}  hate it passionately
[09:00] {nemo} in your case, he doesn't mind
[09:02] {nemo} oy, have to go stick my head in the toilet and flush a coupla' times
[09:04] {ese} morning
[09:04] {Threei}  ese :)
[09:05] {ese} toilet talk....drugs.......?  whats this board coming too
[09:06] {Threei}  SPY almost lost the gap
[09:07] {Les} slow grind up day?
[09:08] {Threei}  too early to tell
[09:08] {Threei}  Greece sioundbites can do a lot of damage or prop a big upward move
[09:09] {ese} finally......the RMBS NVDA could be over......they've signed a patent agreement
[09:09] {ese} scrap.....
[09:09] {MigC}  good morning
[09:09] {Threei}  Migc :)
[09:09] {ese} whats this been ....10/12 years or more
[09:10] {beau} good morning you all
[09:10] {RonS} gm...Charles Dickens turns 200 today, making him eligible to perform at next year's SuperBowl halftime. 
[09:10] {ese} lol
[09:10] {ese} good one
[09:10] {dino} gm
[09:11] {ese} D
[09:11] {Threei}  ron, dino :)
[09:11] {Threei}  beau :)
[09:11] {RonS} actually thought madonna put on the best halftime in over a decade...
[09:11] {Les} any nipple action?
[09:11] {RonS} ugh
[09:12] {Les} :P
[09:13] {Les} the only superbowl halftime thingy I've looked at
[09:16] {RonS} lol...classic...
03[09:16] * Retrieving #discussions modes...
[09:20] {rambler} gm...
[09:20] {Threei}  rambler :)
[09:20] {_rahulprakash1} morning
[09:20] {Threei}  rahul :)
[09:20] {Threei}  my bias starts leaning to a short side
[09:21] {Les} FCX pivot resistance 46.40 watching it
[09:21] {Threei}  FCX might be not a good idea at this opening, just announced didvidend increase
[09:22] {Les} ah right
[09:23] {stewy} gd morning 
[09:23] {Threei}  stewy :)
[09:28] {Threei}  now FCX offers senior notes
[09:30] {Threei}  watching SLW
[09:30] {Threei} Short Setup: SLW  .40 break
[09:30] {Threei}  if stays under .50
[09:32] {Threei}  trail stop to .46
[09:33] {Threei} Short Setup: LVS  .85 break
[09:34] {cipher} lvs .85?
[09:34] {Threei}  stop above .75
[09:34] {Threei}  .65
[09:34] {Threei}  grrr
[09:34] {Threei}  sorry
[09:34] {cipher} np
[09:34] {Threei}  1:1... ugh
[09:34] {Threei}  SLW 1:1
[09:34] {cipher} slw makes up for your screwup :-)
[09:35] {Threei}  1:2... shoot me now
[09:35] {stewy} got slw and lvs scalp thanks
[09:35] {Threei}  LVC I mean
[09:35] {Threei}  wtg
[09:36] {Threei}  read my mind instead of my typing?
[09:36] {stewy} i knew what you meant;)
[09:36] {Threei}  :)
[09:36] {Threei}  ywah, setup was actually quite clear
[09:36] {cipher} you make me feel stupid now
[09:36] {Threei}  then how do I feel?? :)
[09:37] {Threei}  OK FCX
[09:37] {Threei}  seems to be calming down and forming something
[09:38] {Threei} Short Setup: FCX  .50 break
[09:39] {Threei}  if stays under .55 scalpers, .60 day traders
[09:39] {Threei}  invalidated but on radar
[09:40] {Threei}  market is quite jwerky
[09:40] {Threei}  LVS, double top forming
[09:40] {Threei}  too fast
[09:40] {Threei}  never mind for now
[09:43] {Threei} Short Setup: GDX  .20 break
[09:43] {Threei}  if stays under .25
[09:44] {Threei}  MU takeover chatter
[09:44] {Threei}  no go GDX
[09:45] {nemo} market running
[09:45] {dino} ntgr sm l .00
[09:46] {Threei} Short Setup: FCX  .85 break
[09:47] {Threei}  if stays under .90
[09:48] {Threei}  target around .55 if sets up
[09:48] {Les} what route u using?
[09:49] {Threei}  nasdaq
[09:49] {Threei}  ok market, roll over and die
[09:50] {cipher} +.34 ntgr thx dino
[09:50] {Threei}  first partial
[09:50] {Threei}  .76
[09:50] {dino} gj
[09:50] {cipher} gdx rinsed
[09:50] {Threei}  yeah
[09:51] {Threei}  stop .86
[09:52] {Threei}  scalpers win
[09:53] {Threei} Short Setup: LVS  .50 break
[09:53] {Threei}  half lot
[09:54] {Threei}  invalidatwd
[09:55] {Threei} Short Setup: FCX  .80 break
[09:55] {Threei}  half lot this time
[09:55] {Threei}  if stays under .90
[09:56] {Threei}  alternatively, .85 break full lot, more aggressive and more risky
[09:57] {dino} ntgr to .47
[09:57] {Threei} Short Setup: LVS  .70 break
[09:57] {dino} out .49, +.49
[09:57] {Threei}  wtg
[09:57] {Threei}  LVS stop above .80
[09:58] {Threei}  target 1:2
[09:59] {nemo} lvs going long
[10:00] {Threei}  FCX no go
[10:00] {Threei}  doesn't look long to me, LVS
[10:00] {Threei}  SPY will decide of course
[10:01] {nemo} 1:1
[10:01] {nemo} range too tight no place for it to go down
[10:02] {nemo} adding over .80
[10:04] {Threei}  market spike
[10:04] {Threei}  GR) S&P analyst Gills: Reiterates view of an orderly default in Greece
[10:04] {Threei}  definitely reason to celebrate
[10:05] {Threei}  RIMM new takeover catter
[10:05] {dino} ugh ntgr
[10:07] {Threei}  ok LVS, time to die
[10:08] {Threei}  ugh... was watching FCX for .20 breaj short
[10:08] {Threei}  happened too fast for a reasonable trade
[10:08] {Threei}  very jerky morning
[10:08] {Threei}  LVS 1:1
[10:09] {Threei}  half out .62
[10:09] {Threei}  stop to .75
[10:09] {Threei}  scalpers be happy but we will win this time
[10:09] {dino} prgo drop
[10:10] {cipher} l ibm .60
[10:11] {Threei} Short Setup: FCX  .20 break half lot
[10:13] {cipher} out .67 +.07
[10:13] {Threei}  stop above .30
[10:13] {Threei}  LVS stop to .71
[10:15] {cipher} l cat .87
[10:17] {Threei}  let's trail FCX to .26
[10:19] {Threei}  FCX 1:1
[10:19] {Threei}  half out
[10:19] {Threei}  stop to .21
[10:21] {dino} ntgr sm l .90
[10:23] {dino} to .30
[10:23] {dino} out slip ave .26, +.36
[10:24] {dino} mako drop
[10:24] {cipher} prgo s .53
[10:26] {dino} mako vsm l .65
[10:27] {dino} out mako .25, +.60
[10:28] {Les} gappy little stock, nice one
[10:29] {dino} ty
[10:29] {cipher} prgo stopped -.15
[10:31] {Les} support team been teaching me some hot key usage this morn. missed that last fcx trade. nice
[10:32] {Threei}  out FCX in full
[10:32] {Thomcbell} nice Vad
[10:32] {Les} that hammer at 10:28 didn't lead you to covering all?
[10:32] {Threei}  but LVS, scalpers win again
[10:33] {Threei}  I missed it
[10:35] {cipher} ibm s .04
[10:35] {dino} crr death roll again like yesterday
[10:35] {Threei}  awwww
[10:35] {cipher} prgo s.99
[10:35] {Threei}  now LVS is at 1:2
[10:35] {dino} 07 red
[10:37] {Les} Vad how do I zoom in and out on these charts?
[10:37] {cipher} prgo -.18
[10:37] {dino} move you head closer
[10:37] {nemo} Laser, use mouse scroll wheel
[10:38] {Les} not enabled. will look into it
[10:38] {Threei}  not for me either
[10:38] {cipher} cov ibm .60 +.44
[10:38] {nemo} might be arrow keys or shift arrow keys
[10:38] {Threei}  click on chart, then click button in the upper row,
[10:38] {Threei}  one with two arrows liiking in or out
[10:38] {Threei}  for zoom in or out
[10:38] {Threei}  looking
[10:39] {Threei}  right under word Tools in menu
[10:39] {Les} gotcha ty
[10:40] {cipher} cat l .30
[10:42] {Threei}  ok
[10:42] {Threei}  long time
[10:43] {Threei} Long Setup:  FCX  .60 break
[10:43] {Threei}  stop under .50
[10:43] {dino} 07 still red
[10:43] {Threei}  target 1:2
[10:48] {Threei}  1:1
[10:48] {Threei}  half out, stop to .59
[10:48] {Threei}  scalpers, you know...
[10:50] {cipher} cat out 1/2 .54 +.24
[10:50] {Threei}  wtg
[10:50] {Threei}  1:2
[10:50] {dino} ntgr sm l .50
[10:50] {Threei}  out FCX
[10:51] {stewy} fcx a beaut. 1;2 thx
[10:51] {Threei}  :)
[10:52] {dino} mako drop
[10:52] {cipher} out cat in full .58 +.28
[10:57] {dino} out ntgr .67, +.17
[11:00] {RonS} reaction from conf presentation:  RBC Capital says most of the physicians they spoke to showed little interest in $MAKO plasty due to high cost of RIO system and implants.
[11:01] {dino} thx
[11:02] {dino} alxn drop
[11:04] {Threei}  wow
[11:06] {Threei}  NY Fed: Purchased $1.81B in outright coupon purchase; dealers submitted $4.69B for consideration (bid to cover 2.59)- Heaviest purchase was $302M in the 02/15/41 maturity
[11:06] {Threei}  the olnly news I can attribute thios drop to
[11:08] {Threei}  speaking of chart configurations and setups... rahul, see the double bottom for the FCX long?
[11:09] {cipher} +.39 alxn thx dino
[11:09] {_mark1} k what about the double bottem
[11:10] {Threei}  FCX long call at 10:43
[11:10] {Threei}  continuing yesterday's conversation about chart configurations
[11:11] {dino} gj cipher
[11:12] {_mark1} k
[11:13] {_mark1} can u work a stock like czr?
[11:14] {Threei}  fresh IPO, huge volatility, jumping spread, very thin
[11:14] {Threei}  real question is: can you handle risk on this stock?
[11:15] {Threei}  it can move 50 cents in single bar
[11:15] {_mark1} ok nevermind then tysm small quantity yes
[11:16] {dino} ntgr sm l .05
[11:16] {dino} crr coming up on yesterdays lod
[11:17] {Thomcbell} alxn nice bounce
[11:17] {cipher} ibm l .18
[11:18] {Thomcbell} lvs hard selling
[11:18] {cipher} stoped -.22
[11:19] {Threei}  (GR) ECB is said to comment that it has not yet decided whether or not to participate in Greece debt restructuring plans - financial press
[11:19] {Threei}  ***Note that yesterday afternoon, there were press reports that the ECB would be willing to exchange Greek debt for EFSF bonds but would not take losses in the exchange. Under any agreement, the EFSF would return the bonds to Greece and then Greece would repay the EFSF for the price at which the fund bought the bonds from the ECB.
[11:27] {cipher} tna l.34
[11:33] {dino} ntgr stop -.37
[11:37] {cipher} tna stopped  -.18
[11:40] {dino} ntgr sm l .57
[11:40] {cipher} ntgr l .57
[11:41] {cipher} looks like we cleaned out the seller dino :-)
[11:41] {Threei}  lol
[11:42] {Threei}  my regret for the day:
[11:42] {Threei}  ignoring TZA long on .50 break
[11:42] {Threei}  around 11:00
[11:42] {stewy} so you were watchin it eh?
[11:42] {Threei}  yeah
[11:44] {stewy} vad, daily chart on iwm
[11:44] {stewy} is that something of an island top?
[11:45] {Threei}  I don't remember exact definition of island
[11:45] {Threei}  shouldn't the next day show a gap down, leaving that top candle alone with none other touching it?
[11:46] {Threei}  so it's would be kind of island from Lost... no one can find it {G}
[11:47] {stewy} yes, there has to be confirmation
[11:47] {stewy} with that gap down on the right side of the setup
[11:49] {Threei}  how strange this headkline must look for the most of the world:
[11:49] {Threei}  Census: Canada's growth rate leads G8, population hits 33.5 million
[11:49] {Threei}  second largest country in the world, 33.5 mln population
[11:49] {RonS} Shanghai has 40 mil...
[11:49] {Threei}  I should be able to drive for hours before seeing another human being
[11:50] {dino} lpla lod
[11:50] {RonS} lol...go to the north of the island and you can...
[11:50] {Threei}  thanks... I like my climate... :)
[11:52] {cipher} ntgr looks better now
[11:53] {cipher} to .87
[11:54] {dino} target cipher? i'm looking at .17
[11:54] {cipher} def over 39
[11:55] {dino} 1st resis 39.62
[11:55] {cipher} looks like someone's buying
[11:55] {dino} report was good, guidance good
[11:57] {dino} vwap 38.96
[12:01] {dino} ugh missed crr off yesterdays lod area
[12:02] {dino} irwd drop
[12:06] {dino} ntgr to .74 don't like the pause
[12:07] {cipher} +.25 irwd thx dino 
[12:08] {dino} gj
[12:09] {dino} you're a trading rock star lately cipher
[12:09] {cipher} lol don't jinx it
[12:09] {dino} seriously, gj
[12:10] {cipher} i couldn't do it without your great ideas
[12:10] {cipher} and vad's of course
[12:10] {dino} you book more money on my picks than i do
[12:11] {cipher} ntgr to.89
[12:11] {dino} wacking that vwap at.86
[12:12] {dino} to .87
[12:13] {cipher} scaling out here @.96 +.39
[12:13] {dino} to .97
[12:13] {Threei}  wtg
[12:13] {dino} gj
[12:13] {cipher} still have 2/3 pos left
[12:14] {dino} out .97, +.40 ntgr
[12:15] {dino} taking ten minute break
[12:16] {cipher} gj dino
[12:23] {cipher} out ntgr in full .20 +.63
[12:23] {cipher} patience paid off
[12:24] {Threei}  very nice
[12:24] {cipher} ty
[12:27] {Threei} Long Setup:  CPHD  .55 break if stays above .45
[12:27] {Threei}  half lot
[12:27] {Threei}  lunch time...
[12:31] {Threei}  change to .50 break
[12:31] {Threei}  if stays above .40
[12:39] {Threei}  no go
[12:41] {cipher} did it go below .40?
[12:41] {dino} .
[12:42] {Threei}  there were prints at .37 but I didn't watch level 2 at the time, don't know if they weren't out of bounds
[12:42] {cipher} i'm still in
[12:42] {cipher} didn't see any prints
[12:42] {Threei}  ok... maybe mine are false
[12:42] {Threei}  chart looks nice still
[12:43] {cipher} lokks good to me also
[12:44] {beau} printed 37 @11:39
[12:44] {cipher} dino don't look at ntgr
[12:46] {dino} lol, i see it, will be watchijng all day
[12:46] {dino} rnr drop
[12:50] {Threei} Long Setup:  FCX  .75 break
[12:51] {Threei}  stop .65
[12:51] {Threei}  just a scalp
[12:52] {Threei}  cipher, dump CPHD imo
[12:52] {Threei}  should have been bouncing already if it were going to at all
[12:52] {cipher} rnr +.20
[12:53] {Threei}  and mrs?
[12:54] {cipher} not mr RNR
[12:54] {cipher} out CPHD .55
[12:54] {Threei}  sigh... I need new pair of eyes
[12:54] {cipher} here dumped it :-)
[12:54] {Threei}  good :)
[12:55] {Threei}  even if it goes eventually, it lost the right for our atention
[12:55] {cipher} gotcha
[12:57] {Threei}  grr
[12:57] {Threei}  lol
[13:24] {dino} lpla turning up
[13:42] {dino} sm l .96 ave
[13:47] {dino} lpla stuck stop to b/e
[13:51] {dino} athn spikey
[13:55] {Threei} Short Setup: GPI  55 brwak
[13:55] {Threei}  small shares
[13:55] {Threei}  if stays under .15
[13:55] {nemo} does it trade?
[13:55] {Threei}  huh?
[13:55] {nemo} joking about the volume
[13:56] {Threei}  hence the small shares remark
[13:56] {nemo} fcx
[13:56] {Threei}  target 1:2
[13:58] {Threei}  more of a daily chat play... 55 break looks ominous on it
[13:58] {dino} sncr wants open gap
[13:59] {dino} wlp  spike
[14:01] {dino} lpla stop +.04
[14:03] {dino} partial fill l ntgr .21
[14:04] {dino} crr blood
[14:10] {Threei}  (GR) Germany Deputy Fin Min Steffen: Governance in Greece has yet to be at European standards; little progress has been made on issue since 2012
[14:10] {Threei}  - Greece needs to announce the results of creditor discussions as soon as possible.
[14:10] {Threei}  - Reiterates there is no 'plan B' for Greece.
[14:10] {Threei}  - Goal is to make the offer to private creditors regarding the Greece bond swap next week.
[14:11] {Threei}  no plan B?
[14:11] {Threei}  sounds very threatening
[14:12] {dino} valu added research, wedbush raises ntgr to 40, it was 41.53 at close yesterday
[14:12] {Threei}  lol
[14:12] {Threei}  these guys need at least 15 min delayed quotes
[14:12] {Threei}  not a week ago
[14:13] {cipher} +.39 crr thx dino
[14:14] {dino} gj
[14:15] {Threei}  no go GPI
[14:17] {Threei} Long Setup:  XOM  .90 break half lot
[14:17] {Threei}  if holding above .80
[14:18] {nemo} short below .80?
[14:18] {Threei}  I doubt it
[14:19] {dino} ntgr stop -.23
[14:19] {Threei}  feels to me like it's done dropping for today
[14:19] {nemo} frickin ilmn seller at .50
[14:19] {Les} yeh XLE looks up
[14:20] {nemo} tasmanian devilophile
[14:20] {Les} bite me
[14:20] {Threei}  rofl
[14:20] {nemo} got him good with that one
[14:20] {Threei}  where the deuce thjis come from
[14:20] {nemo} coma
[14:21] {Threei}  tasmanian devil is cresture its own mother hates
[14:21] {cipher} l ntgr .00
[14:21] {Threei}  creature
[14:21] {nemo} that's why i identify with it
[14:23] {_rahulprakash1} what's original stop on XOM?
[14:24] {dino} sncr sm l trig .75
[14:25] {Threei}  14:17] {Threei} if holding above .80 rahul
[14:25] {Threei}  1:1
[14:26] {_rahulprakash1} tnx. didn't know that call invalidate level is also stop
[14:26] {Threei}  yes, this is a asingle condition
[14:26] {Threei}  for both
[14:27] {Threei}  please go to, scroll down to How trading room operates
[14:27] {Threei}  these basic things are in there
[14:28] {_rahulprakash1} ye i did, must have missed this one
[14:28] {nemo} takes a little while...Vad's accent is sometimes tough to understand
[14:29] {Threei}  hehe
[14:29] {dino} not to mention his typing
[14:29] {Threei}  just checked to make sure it's there
[14:29] {Threei}  my typing IS my accent, in a written form
[14:30] {cipher} ntgr stop -.10
[14:31] {cipher} +.10 sncr thx dino
[14:32] {dino} rock star
[14:34] {RonS} what exchange?
[14:35] {Les} X vad? take 31 break?
[14:36] {Les} or is this sucker going down?
[14:36] {Threei}  very much in SPY hands, but it's far from best long candidate
[14:36] {Les} ok
[14:36] {Threei}  see how it stays barely above the day's low while SPY biunced quite a bit
[14:37] {Les} yeh
[14:39] {_rahulprakash1} wasn't that the case with XOM too? what's different with xom to take that trade and not X?
[14:39] {_rahulprakash1} XOM and X charts for today on 1 min about look same
[14:40] {dino} out sncr +.25
[14:41] {Threei}  XOM had its own setup, not dependent on SPY,
[14:41] {Threei}  one I just made for a scanner to spot double bottoms
[14:42] {Threei}  1:2
[14:42] {Threei}  out
[14:43] {Threei}  think of them in terms of relative strength comparison
[14:43] {Threei}  X merely triggered while XOM is at 1:2 already
[14:44] {Threei}  both are about 1 dollar away from high,
[14:44] {Threei}  but X is 20 cents above its low
[14:45] {Threei}  while XOM is 40 cents above
[14:45] {Threei}  so, while visually their charts may be close, but XOM is relativeley stronger
[14:48] {_rahulprakash1} okies
[14:48] {_rahulprakash1} tnx
[14:48] {Threei}  sure thing
[14:48] {Threei}  1:3 one, 1:1 another
[14:48] {dino} gj
[14:49] {Threei}  (GR) Troika draft on Greece indicates Greece has agreed to lower minimum wage by 20% and cut 15K workers in 2012; as expected - financial press
[14:49] {Threei}  - Troika forecasts Greece 2012 GDP -5% vs -3% IMF and OECD forecast from December
[14:49] {Threei}  - Greece has agreed to accelerate its reforms in labor and product markets
[14:49] {Threei}  - Forecasts 2013 growth in Greece GDP vs 0.5% forecast by the OECD in November
[14:49] {Threei}  - Reaffirms plans to cut overall state workforce by 150K
[14:49] {Threei}  - Sales taxes to remain unchanged and expenditures on medicine to be cut to 1.5% of GDP from approx 2% prior
[14:49] {Threei}  - Greece agrees to privatizations of some airports, and state oil company in 2012
[14:49] {Threei}  - Note: Minimum wage and pension cuts had long been one of the sticking points of the political parties
[14:50] {dino} ntgr sm l .12
[14:50] {Threei}  ok, nice gambit Greece
[14:50] {Threei}  promise them all they want, get another round of funding, then fail to deliver
[14:51] {Threei}  why default on 150 Bln if you can get 50 more and default on 200
[14:52] {Threei}  I actually start rooting for them
[14:52] {dino} exactly
[14:53] {dino} like the iranians and north koreans, give us money, but....we lie
[14:53] {dino} just a different kind of weapon
[14:55] {Les} As Jabbah the Hut once said, "my kind of scum"
[14:56] {dino} lol
[14:58] {dino} out ntgr .35, +.23
[14:59] {Les} Vad BWLD .10? b/d?
[15:00] {Les} too late
[15:01] {Les} .06 gap to boot
[15:03] {nemo} Ireland wants concessions if Greece gets them....hehehehehee
[15:04] {Threei}  good spot Les
[15:04] {dino} ypf spike
[15:05] {Les} ditto MON short .25?^
[15:05] {dino} ok guys, gotta hop. thx all good time
[15:05] {Threei}  take care dino
[15:05] {Les} ciao
[15:05] {Threei}  yes nemo, saw that
[15:05] {cipher} cya
[15:05] {Threei}  one of aspects of contagion
[15:07] {cipher} wow ypf
[15:12] {cipher} ntgr l.03
[15:14] {Thomcbell} adm on long list tomorrow
[15:15] {Thomcbell} very solid day
[15:15] {Les} short ypf at .80 stop is clear
[15:15] {nemo} just my opinon, don't short that stock
[15:15] {cipher} i'd go long
[15:16] {cipher} but too risky
[15:16] {nemo} yeah, that's momo today
[15:16] {nemo} she's got another buck overhead before resistance
[15:18] {Les} yeh. rollover turned out to be flagging. What I should have done was hit cover in high .90's instead of waiting. Explosive break of course.
[15:19] {Les} so failed break of 36 might have been better setup
[15:20] {nemo} yes and no, look at daily, this will test resistance before I'd think about shorting it
[15:20] {Les} ok
[15:23] {Les} shit here's the 3 min MACD crossover I should have waited for
[15:23] {nemo} now it's at support
[15:24] {Les} along with loss of 8MA in 3 min. time frame. Actually testing it
[15:25] {Les} looking forward to magoo getting back. Wanna see him in momo
[15:30] {Les} so loss of 8MA support in 3 min. with MACD negative crossover. I anticipated too early. 15 min MACD tops out too
[15:33] {Threei}  still testing, but
[15:33] {Threei}  my nw scanner window alerted db in MCP at 14:38
[15:33] {Threei}  have a look
[15:33] {Les} yeh like it
[15:34] {nemo} what does NW stand for?
[15:34] {nemo} or For what does NW stand? To be grammatically correct
[15:34] {Threei}  "new" typed with strong accent
[15:34] {Les} Vad FDX .40 b/d?
[15:35] {nemo} looks like bullflags on IWM and SPY, we should open up above 136 tomorrow
[15:35] {Threei}  I think so Les
[15:35] {Threei}  if stays under .50
[15:36] {Les} SPY spike
[15:36] {Threei} Long Setup:  SMG  .60 break half lot
[15:37] {Threei}  if stays above .50 of course
[15:38] {Threei}  target 1:2
[15:38] {nemo} God Bless the bottom pickers
[15:38] {Threei}  or, hooray to new alert window
[15:38] {Threei}  1:1
[15:38] {Threei}  half out
[15:39] {Threei}  scalpers be happy
[15:39] {nemo} that Intelliscan?
[15:39] {Threei}  yes
[15:40] {Les} clearly not for you nemo
[15:40] {stewy} thx vad got the scalp
[15:42] {Threei}  sure thing
[15:42] {Les} sOHU .90 b/d?
[15:43] {Threei}  smaaaal shares
[15:43] {Threei}  this is scary thing
[15:43] {Threei}  vary narrow right now but can be a murdered
[15:43] {Les} Nah think I'll leave that one
[15:44] {Les} might explode to the upside
[15:46] {Les} thank's for the SMG scalp. c u's tomorrow
[15:46] {Threei}  ok guys, no one wants to tarde anymore
[15:46] {Threei}  nor do I, honestly, lol
[15:46] {Threei}  if no one has any questions, let's call it a day
[15:47] {Threei}  a decent one too
[15:47] {stewy} yeah thanks
[15:47] {cipher} l ypf .77
[15:47] {beau} thx vid
[15:48] {Threei}  have a great evening, see you tomorrow
[15:48] {stewy} good night everyone
[15:48] {cipher} out 1/2 .98 +.21
[15:49] {cipher} out in full .95
[15:51] {Threei}  wtg
[15:51] {cipher} thx
[15:53] {cipher} ntgr is creeping up
[15:53] {cipher} l .10
[15:53] {stewy} cipher you nailed some today
[15:53] {cipher} out .23 +.13
[15:54] {cipher} yea good day
06[15:54] * Threei slaps cipher around a bit with a large roll of cash
[15:54] {cipher} need lots of cash, picking up a new toy today :-)
[15:54] {Threei}  do tell
[15:55] {Threei}  he who dies with most toys dies happy
[15:55] {cipher} i'll give you a hint...
[15:55] {cipher} it's not a car
[15:56] {Threei}  hmmm... that's one broad hint, lol
[15:56] {Threei}  here is how you need to do it:
[15:56] {cipher} can't make it too easy for ya
[15:56] {Threei}  what green, lives in the pond, jumps, starts with fr and ends with og?
[15:56] {cipher} lol
[15:56] {Threei}  :)
[15:57] {cipher} hint no. 2:
[15:57] {cipher} wife's not too happy about the toy
[15:57] {Threei}  hmmm
[15:57] {nemo} give her one that vibrates
[15:57] {Threei}  that could be so many things...
[15:58] {cipher} lol nemo
[15:58] {Threei}  there... nemo's fantasy is On
[15:58] {nemo} not really, just natural word association in my brain for me it would be "gun" or "incendiary
[15:58] {nemo} claymore
[15:58] {cipher} ok guys, cya tomorrow
[15:58] {Threei}  ok, congratulations with good day, see you tomorrow
[15:58] {cipher} thx
[15:59] {nemo} O
[15:59] {nemo} I'm thinking gap up again tomorrow