Beautiful day with a lot of nice winning trades, a few of them 1:3. One made a Catch of the Day, but honestly, could have done two or three of them. Nailed the theme of the day to the T:
[09:21] Threei so, Greece deal is done, and market is barely up
[09:21] Threei strongly feels like after opening volaitily is over, selling should hit in earnest
Session Time: Thu Feb 09 00:00:00 2012
[07:55] {nemo} http://goo.gl/nDIIY
[08:40] {Threei} hmmm
[08:40] {Threei} I am interested
[08:40] {nemo} hehehehe
[08:56] {Threei} Greece did all the necessary culbits to get the next round
[08:56] {Threei} (GR) Greece said to have reached austerity deal - financial press
[08:56] {Threei} - Formal statement expected shortly
[08:56] {Threei} - An official in the PM Office stated that ther was an agreement after PM Papademos has met with Mr Samaras and a deal is done
[08:56] {Threei} - Follow up 08:42ET: CNBC reports that the Greek govt will disclose a final deal on austerity measures shortly, deal arrived at is said to meet the demands of the Troika. Pension cuts are said to have been agreed upon though at a lower level.
[08:56] {stewy} gd morning
[08:56] {Threei} stewy :)
[09:09] {MigC} good morning
[09:09] {Threei} Migc :)
[09:12] {ese} morning
[09:12] {Threei} ese :)
[09:13] {ese} morning vad.......last day i'm going to be with you for a week and a bit....am off to Ottawa
[09:14] {Threei} you do know it's winter over there, right?
[09:14] {ese} were playing the National Arts Center of Canada with Motown superstar Martha Reeves
[09:14] {Threei} I mean real one
[09:14] {ese} yes
[09:14] {ese} will be a wake up call for my students
[09:14] {Threei} OK... just wanted to make sure you hnaven't forgotten that it's not +12C and flowers blooming everywhere :})
[09:15] {ese} lol
[09:15] {Threei} so, it's your whole band?
[09:15] {Threei} not just you?
[09:15] {ese} yes...all expenses paid
[09:15] {Threei} huh... you sure you need no band ohotographer?
[09:16] {Threei} no wait... you'll need him for your Europe trip
[09:16] {ese} hmmmmmmm
[09:16] {ese} this is something to consider....we'll trade on the road
[09:16] {Threei} see? just gotta apply dome thinking
[09:17] {Threei} trade stories...
[09:17] {ese} lol
[09:17] {ese} indeed
[09:17] {Threei} trade drinks
[09:17] {ese} yup
[09:17] {Threei} dino will drop by and I will record your golf match for grandkids
[09:17] {ese} glass AK47's filled with vodka no less
[09:18] {ese} have always wanted a personel assistant.......
[09:18] {Threei} why no Les?
[09:18] {Threei} we will go to Europe too
[09:18] {ese} unquestionably
[09:19] {Les} cause its frikin -4c here
[09:19] {Les} not leaving this house until spring comes
[09:19] {Threei} btw, speaking of that glass AK47... just got e-mail from dptl, he will be back to trading soon, asked to say hello
[09:19] {ese} whimp
[09:19] {Les} warm whimp
[09:19] {ese} vad and I had to endure winnipeg for a number of years
[09:19] {Threei} oh look, it's true that mass stupidity grows over time:
[09:20] {Threei} More Voters Than Ever Blame Bush, Not Obama, for Bad Economy
[09:20] {ese} avg -30 to -40 nov to march
[09:20] {Threei} no one remembers Clinton who presided over Glass-Steagal absolution?
[09:20] {ese} forgot about that
[09:20] {Threei} ok, whatever
[09:21] {Threei} so, Greece deal is done,
[09:21] {Threei} and market is barely up
[09:21] {Threei} stringly feels like after opening volaitily is over, sel,ling should hit in earnest
[09:21] {Threei} strongly too
[09:23] {ese} we've been taking up a collection to buy you that bigger keyboard vad for your typing.....only thing is....everyone only contributes .01 at a time......only 6 bucks after 2 years so far
[09:23] {_rahulprakash1} morning
[09:24] {ese} we need $120.00
[09:24] {ese} R
[09:24] {Threei} rahul:)
[09:24] {Threei} I am afraid it won't help ese... typing with fins is difficult no matter what
[09:25] {ese} lol
[09:26] {dino} gm
[09:26] {RonS} gm
[09:26] {Threei} dino, ron :)
[09:26] {ese} hmmmmmm article...shark attacks up world wide.........Les are they up on Lake Geneva
[09:26] {ese} dino ron
[09:27] {Les} keeping pouring huge amounts of road salt into that lake they will be
[09:27] {Threei} lol
[09:28] {dino} :)
[09:30] {Threei} Short Setup: SLW .40 break half lot
[09:30] {Threei} if stays under .50
[09:31] {ese} think i'll take that bet
[09:31] {Threei} invalidatedf but on radar
[09:31] {ese} nope invalidated
[09:32] {Threei} Short Setup: FCX .10 break
[09:32] {Threei} half lot of course
[09:32] {Threei} if stays under .20
[09:32] {Threei} change to .20 break
[09:33] {Threei} SLW change to .60 break
[09:33] {Threei} stop above .70
[09:33] {Threei} FCX above .25
[09:33] {Threei} half out FCX
[09:33] {Threei} half out SLW
[09:34] {Threei} FCX out in full
[09:34] {Threei} SLW bid around .42
[09:34] {Threei} out
[09:34] {ese} damn you work fast man........
[09:35] {Threei} wow, talk about too soon on FCX
[09:35] {ese} nice
[09:35] {Threei} well, opening is hectic time
[09:35] {ese} roger that
[09:35] {Threei} FCX watching for reversal
[09:36] {nemo} pivot .70
[09:36] {Threei} mama... 50 cents drop
[09:36] {Threei} Long Setup: FCX .65 break
[09:37] {Threei} if stays above .55
[09:37] {Threei} doji
[09:38] {Threei} change to .60 break
[09:39] {Threei} tight stop
[09:39] {Threei} target .85
[09:40] {Threei} no go
[09:41] {cipher} rinse
[09:41] {Threei} yeah
[09:41] {ese} I have to ask this question.........Vijay.......what was it like winning the 2000 Masters Golf tournament.........
[09:42] {Threei} grrrr
[09:44] {cipher} l cat .66
[09:44] {cipher} out 1/2 .90
[09:44] {Threei} wtg
[09:44] {Les} LVS popping
[09:45] {dino} gj
[09:46] {Threei} let's see if FCX gives us double bottom
[09:46] {Threei} pullback under .60 is needed
[09:46] {cipher} out cat in full .09 +.43
[09:47] {Threei} beautifully timed reversal
[09:47] {cipher} took fcx from .50 to .79 no time to post
06[09:47] * Threei slaps cipher around a bit with a large roll of cash
[09:47] {cipher} right on .80 target
[09:48] {cipher} thx for idea vad
[09:48] {Threei} Long Setup: X .75 break
[09:48] {Threei} welcome sir
[09:48] {Threei} if stays above .65
[09:49] {nemo} market weakening
[09:49] {RonS} fmcn sm l .50
[09:49] {Threei} yes, but for now double bottom is to watch for
[09:49] {Threei} change X to .70 break
[09:50] {Threei} if holding .60
[09:50] {Threei} target 1:2
[09:51] {Threei} FCX is on watch too
[09:51] {Threei} ugh, got away
[09:51] {Threei} wanted .60 as spoke earlier, but was a bit slow
[09:52] {Threei} X practically touched 1:1... let's trail to .64
[09:53] {Threei} didn't have it for sale... my mistake
[09:53] {nemo} scss short?
[09:54] {nemo} thin tader
[09:54] {Threei} very
[09:54] {Threei} small shares
[09:54] {Threei} ok, 1:1, half out. Scalpers know what to do
[09:54] {nemo} Diiiinnnnoooooo!!!!!
[09:54] {RonS} out fmcn .80 +.30
[09:54] {Threei} stop to .58
[09:55] {ese} ok am outta here for a week and a bit....cya a week next tuesday......trade well everyone
[09:55] {Threei} be safe and have fun ese
[09:55] {RonS} cya ese
[09:55] {Threei} so far double bottom scenario plays perfectly
[09:55] {stewy} safe travel ese
[09:55] {ese} vad ron dino les ...take care
[09:56] {Threei} come on X, break that .80
[09:57] {Threei} good boy
[09:57] {dino} have fun ese
[09:57] {nemo} Inventories two minutes
[09:57] {cipher} +.17 scss short thx nemo
[09:57] {Threei} stop to .74
[09:58] {nemo} np, was late on WFM sorry
[09:58] {dino} gj cipher
[09:58] {dino} thir wow
[09:58] {dino} thor
[09:58] {dino} ntgr sm l .99
[10:02] {Threei} out last X
[10:02] {Threei} Short Setup: LVS .60 break
[10:02] {Threei} stop above .70
[10:03] {Threei} a bit too fast
[10:03] {Threei} second chance
[10:04] {Threei} I see no news for this sharp drop
[10:04] {Threei} 1:1
[10:04] {Threei} was very nice of LVS to come back and pick us up
[10:04] {dino} inventories?
[10:05] {Threei} (FR) France President Sarkozy plans to reform unemployment system in France - french press
[10:05] {Threei} inventories 1 vs .4%
[10:05] {dino} beats me
[10:05] {Les} good luck with that sarko
[10:06] {Les} french people work 35hr week
[10:06] {Threei} 1:2, out
[10:06] {Les} ty
[10:06] {Threei} yw
[10:07] {Threei} aww, 1:3
[10:07] {Les} x was bad trade. lvs clockwork
[10:07] {dino} markets confused
[10:07] {Threei} X bad?
[10:07] {Threei} how?
[10:07] {Threei} worked nicely
[10:07] {Les} didn't see you had changed the trigger
[10:07] {RonS} omg fmcn
[10:08] {Threei} even if so, it invalidated first triggwer
[10:08] {Threei} worst case scenario, you'd simply stay away
[10:08] {_rahulprakash1} nice double top on lvs
[10:09] {Threei} yes rahil... plus, market helped by sudden drop while LVS gave a little delay for entry
[10:09] {Les} wasn't happy with what I did, so in and out at .76
[10:09] {Threei} and then even returned to pick up late passengers
[10:09] {cipher} l cat .60
[10:09] {Threei} (US) President Obama to make statement regarding the mortgage settlement with banks at 1215ET
[10:12] {cipher} cat stop -.10
[10:14] {Threei} Kodak to stop making digital cameras, pocket video cameras and digital picture frames to cut costs
[10:14] {dino} thor sm s .49
[10:14] {Threei} yup... stop all production is sure to cut your costs
[10:14] {nemo} cat might be long here
[10:15] {dino} thor stop -.30
[10:19] {dino} feic sm l .50
[10:20] {dino} sncr stop -.24
[10:21] {Threei} Short Setup: FCX .40 break
[10:21] {Threei} if stays under .50
[10:21] {Threei} target 1:3
[10:22] {Threei} 3 partials, by the book
[10:22] {Threei} 1:1
[10:22] {Threei} stop to .42
[10:23] {Threei} no way scalpers win this one
[10:23] {nemo} spy at pivot, iwm near support
[10:24] {cipher} l cat .91
[10:25] {_rahulprakash1} what setup for FCX?
[10:25] {Threei} DBI
[10:25] {Threei} good boy fcx
[10:26] {Threei} 1:2
[10:26] {Threei} we be laughin'... pesky scalpers be cryin'...
[10:26] {Threei} stop for the last piece to .31
[10:27] {Threei} 1:3, over and out
[10:27] {cipher} cat stop -.16
[10:27] {Les} nice. ty
[10:27] {Threei} welcome
[10:27] {Threei} xan I go home?
[10:27] {Les} just when things are looking interesting?
[10:29] {Threei} rahul, I'll post a screenshot of FCX setup in a few
[10:30] {Threei} will help see the structure
[10:30] {Les} SLW 36.05 b/d?
[10:30] {cipher} l ibm .02
[10:30] {Threei} not sure SLW
[10:31] {_rahulprakash1} tnx vad
[10:31] {Les} .05 is pivot support
[10:31] {_rahulprakash1} i would say slw didn't move with markets last 15min downmove so its likely showing relative strength
[10:31] {_rahulprakash1} but it goes now...
[10:37] {Threei} http://goo.gl/QibmD
[10:40] {Threei} US House passes measure banning insider trading for Congress and executive branch officials
[10:40] {Threei} that's it, I taking my candidature off
[10:40] {Threei} rahul, you see the setup in that screenshot?
[10:43] {Les} Aikido time. later
[10:43] {Threei} don't hurt yourself
[10:43] {Threei} hurt others instead
[10:44] {nemo} Do unto others before they do unto you
[10:44] {Threei} there
[10:44] {nemo} All the lefties like Aikido
[10:45] {Threei} what do righties like?
[10:45] {RonS} Boxers
[10:45] {nemo} .45 acp .308 win, and baseball bats
[10:45] {nemo} 7.62X39 is also good
[10:46] {cipher} don't forget 5.66
[10:46] {dino} simo sm l .65
[10:48] {Threei} mark... missed great morning
[10:48] {_rahulprakash1} yes Vad, i see it
[10:48] {Threei} :)
[10:48] {_mark1} sorry
[10:51] {RonS} dino, think a 26 break would be a long trigger for irbt?
[10:53] {RonS} nope
[10:53] {dino} new lows
[10:55] {Threei} keeping an eye on LVS for JBE
[10:56] {dino} might be worth it to hit .75 w/stop at lod
[10:56] {cipher} l irbt .74 sm
[10:56] {Threei} Long Setup: LVS .70 break
[10:56] {Threei} if holding .60
[10:59] {cipher} irbt stop -.08
[11:00] {cipher} cat bounced with vengeance
[11:00] {cipher} without me :-(
[11:01] {Threei} how's your new toy cipher?
[11:01] {nemo} liking it short now below .65
[11:01] {Threei} and while qwe are on it, what is it? :)
[11:02] {cipher} pickup got postponed :-(
[11:02] {cipher} maybe tonite
[11:02] {nemo} for what guitar?
[11:02] {Threei} suspense is killing us
[11:03] {cipher} i know shoulda kept my mouth shut :-)
[11:04] {Threei} but then how would you make us curious and jelaous?
[11:05] {cipher} lvs
[11:06] {nemo} AAPL long vad? hehehehhe
[11:07] {RonS} half lot
[11:07] {Threei} go away
[11:09] {_rahulprakash1} so we are still sitting with LVS with stop at 0.6?
[11:10] {Threei} just under
[11:11] {_rahulprakash1} k tnx
[11:11] {Threei} (GR) Deputy Labor Min Koutsoukos resigns in protest over austerity deal
[11:11] {Threei} - Koutsoukos is a member of the main PASOK party
[11:12] {Threei} France unemployment reform is To make unemployed people take vocational training.
[11:12] {Threei} Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[11:12] {Threei} hmmm
[11:12] {Threei} really? you can make someone do that?
[11:13] {cipher} l ibm .73
[11:14] {cipher} out 1/2 .90
[11:17] {dino} irbt vsm l .70 stop .53
[11:19] {Threei} violence time?
06[11:19] * Threei kicks LVS in the rear with heavy duty steel toe rmy boots
[11:20] {Threei} let's trail to .64
[11:21] {_mark1} nice dino
[11:21] {Threei} 1:1
[11:21] {Threei} violence works as always
[11:22] {_rahulprakash1} lol
[11:22] {_rahulprakash1} that didn't feel like a scalp though...
[11:22] {Threei} 1:2
[11:22] {stewy} yes 1;2 thx
[11:22] {Threei} no, it's a big break on both intraday and daily
[11:23] {_rahulprakash1} yeh
[11:24] {dino} irbt to .15
[11:25] {dino} out .20, +.50
[11:25] {cipher} s irbt .28
[11:26] {RonS} gj put order in @ .70 approx same time and missed
[11:26] {cipher} wtg dino
[11:26] {dino} ty
[11:28] {Threei} China, Canada reach deals on oil, uranium and air travel
[11:29] {Threei} The two sides are also finalizing details on China loaning a pair of bamboo-munching giant pandas to zoos in Toronto and Calgary for a period of five years each
[11:29] {Threei} Read more: http://www.canada.com/business/China+Canada+reach+deals+uranium+travel/6125940/story.html#ixzz1lu2RehY7
[11:29] {RonS} is there any other kind?
[11:29] {Threei} with some training they can turn into people-munching panadas
[11:30] {RonS} only if it tastes like chicken
[11:30] {Threei} just marinate it right
[11:30] {RonS} lol
[11:31] {Threei} reminds me the most horrible joke
[11:31] {dino} sncr sm l .73 stop .56
[11:31] {Threei} You don't like cats? Youprobably just don't know how to cook them
[11:32] {Threei} being a cat person, I hate it... gotta remake it to "people"
[11:34] {Threei} btw, part of the deal is cheaper flights between China and Canada
[11:34] {RonS} so, will patience be back?
[11:34] {Threei} gota start looking into some tours
[11:34] {Threei} haven't heard from her in a while
[11:35] {cipher} cov irbt .20 +.08 not working
[11:35] {Threei} now, will this become an election issue?
[11:35] {Threei} Harper has said building pipelines to the West Coast � such as the proposed Enbridge Northern Gateway oilsands pipeline and a separate one for liquefied natural gas � is a national priority as Canada looks to ship its vast resources to Asia.
[11:35] {Threei} Enbridge CEO Pat Daniel said the commitment by the Chinese and Canadian governments for a strategic energy partnership will allow Canada to diversify its oil-and-gas export markets beyond the United States and enable China to broaden its supply base.
[11:49] {cipher} l irbt .00
[11:49] {Threei} As of writing, it appears that the Greek government has managed to strike a deal to pass all the required austerity measures, after contentious, down-to-the-wire negotiations (at least one government minister has resigned over the deal and nation-wide strikes are in the works). Now euro zone finance ministers, including Greece's Venizelos, are meeting in Brussels to hash out the release of the second bailout package.
[11:49] {Threei} great
[11:49] {nemo} lunchtime buy
[11:49] {Threei} keep your poker face Greece
[11:50] {Threei} get that package
[11:50] {Threei} greedy bastards must be punished
[11:55] {cipher} out irbt flat
[12:02] {dino} for down 12, it doesn't range much
[12:06] {Threei} LVS new highs
[12:06] {Threei} 53 break was fairt setup chart wise
[12:07] {Threei} felt like pushing our luck to me
[12:09] {stewy} i feel lucky just takin a bite outta the middle
[12:21] {_mark1} does the chart on lvs thinking up here?
[12:21] {Threei} it's dancing around support
[12:21] {Threei} posibly forming BMR or double bottom
[12:22] {_mark1} ok sorry term BMR
[12:22] {Threei} break of 53 long is a reasonable trade
[12:22] {Threei} one of our setups... bounce with mini-range
[12:23] {Threei} chart is right, time of the day is not
[12:23] {_mark1} ok tysm
[12:23] {Threei} so, kind of discretionary trade
[12:24] {_mark1} ty will watch and learn then
[12:27] {Threei} see how it got rejected?
[12:28] {Threei} lunch time, introduces a lot of randomness in standard setups
[12:28] {_mark1} yep
[12:28] {Threei} follow-through is created by trading masses, and they are largely dormant right now
[12:29] {Threei} that's why majority of our trades fall into window of first two hours and lat hour
[12:29] {Threei} you could see in the morning trades working one after anpther, with just one stop
[12:30] {Threei} want to give back all those profits, continue pushing during this comatose time
[12:31] {Threei} doesn't mean there is no trades to be found at all,
[12:31] {Threei} but gotta be more picky and keep it nimble
[12:31] {Threei} btw, emember tat new window alert I started testing yesterday?
[12:31] {Threei} double bottom one
[12:32] {Threei} have a look at its latest find:
[12:32] {stewy} is slw popping up?
[12:32] {Threei} SCO, alert generated at 12:06
[12:33] {Threei} SLW is 50/50 here... can break down or bounce with equal odds
[12:33] {Threei} my personal bias is on breakdown
[12:34] {Threei} but not convincing enough for a call
[12:34] {stewy} thx I am heeding the lunchtime advice
[12:34] {Threei} back to SCO... see the cleanest DB setup with .40 break as an entry trigger?
[12:34] {Threei} stop under .30
[12:35] {Threei} made 1:3 easy
[12:35] {Threei} GRPN alert now
[12:36] {Threei} still testing parameters so not trading it just yet
[12:36] {Threei} but alert would look like this:
[12:36] {Threei} Long Setup: GRPN .40 break
[12:36] {Threei} if stays above .30
[12:37] {_mark1} where you basing becuase about .40 it held steady?
[12:37] {Threei} it touches .40 from below a few times, gets rejected,
[12:37] {Threei} so .40 becomes a resistance
[12:37] {Threei} brwak of which triggers a long trade
[12:38] {Threei} .30 support defined at 12:18
[12:38] {Threei} so the whole structure of the trade is created
[12:38] {Threei} like a skeleton
[12:39] {Threei} nearest resistance is merely 10 cents away, .50
[12:39] {Threei} so, pesky scalpers that irritate usso much will take profit there
[12:39] {Threei} day traders will partial there and trail stop
[12:40] {Threei} and wait for .50 break which if happens should catapult it
[12:40] {Threei} for about 20 cents more at least
[12:43] {Threei} Goldcorp Inc. (USA) Chairman: Price of gold could reach $2,500/oz in 2012
[12:44] {Threei} I'd take it more seriously if it weren't GG Chairman
[12:45] {Threei} Long Setup: LVS 53 break
[12:45] {Threei} half lot
[12:46] {Threei} if stays above .90
[12:47] {Threei} invalidated
[12:47] {Threei} for now at least
[12:48] {Threei} guys, that link with chart qworks forthose without facebook account?
[12:48] {Threei} http://goo.gl/QibmD
[12:48] {_mark1} going to leave now but sina moving up
[12:48] {Threei} I have a setting allowing anyone to see it but somehow it works for some, doesn't for others
[12:49] {_rahulprakash1} i have facebook but wasn't logged in to the browser and yet it showed me the chart
[12:49] {_rahulprakash1} what setup was for LVS?
[12:49] {Threei} ok, ty
[12:49] {Threei} pullback entry
[12:50] {Threei} if someone can't see that link, I'll repeat it in trading log after market close
[12:50] {Threei} SINA is dino's stock
[12:50] {Threei} pulp
[12:50] {_rahulprakash1} wouldn't pullback require a first move in direction of entry? Immediate large move for LVS was down...
[12:50] {Threei} hmm?
[12:51] {Threei} rapid move up,
[12:51] {Threei} pullback, consolidati\okon
[12:51] {dino} qcor drop
[12:51] {Threei} it topped out at about .30
[12:51] {Threei} pulled back under 53
[12:51] {Threei} conasolidated
[12:52] {Threei} -a
[12:52] {Threei} see what I mean?
[12:52] {Threei} dino, watching SINA?
[12:53] {_rahulprakash1} nope i don't see it vlad
[12:53] {Threei} sorry... which part?
[12:53] {_rahulprakash1} high of 53.3 at 9:08am
[12:54] {Threei} high at 53.30, you see that?
[12:54] {Threei} 12:08
[12:54] {Threei} let's operate in NY time
[12:54] {Threei} so it's unified across the board
[12:54] {_rahulprakash1} moved down from there to low of 52.93 at 9:20
[12:54] {_rahulprakash1} yah ok
[12:54] {Threei} yes
[12:54] {Threei} this is bpullbackk from high
[12:54] {_rahulprakash1} 12:20 low of 52.93
[12:54] {_rahulprakash1} yes
[12:55] {Threei} then it consolidated for a while
[12:55] {Threei} formed resistance at 53
[12:55] {Les} miners just dbi'd
[12:55] {Threei} break of which became a long terigger
[12:55] {_rahulprakash1} then it consolidated/pulledback to high of 53.03 at 12:25
[12:55] {_rahulprakash1} and the did another leg down
[12:56] {_rahulprakash1} to low of 52.83 at 12:30
[12:56] {Threei} wait
[12:56] {_rahulprakash1} and since then it has been chopping between52.85 to 52.98
[12:56] {Threei} you are starting to dig out into fine details of a setup
[12:57] {Threei} zoom out a little to the big picture
[12:57] {dino} qcor sm l .74
[12:57] {Threei} you can see the whole thing as a pullback from the high and consolidation, right?
[12:58] {_rahulprakash1} i see what u mean
[12:58] {_rahulprakash1} to me that is less of a pullback but more of a reversal since the depth is quite a bit
[12:58] {Threei} OK
[12:58] {_rahulprakash1} V reversal
[12:59] {Threei} it may be a reversal or it may be a pullback
[12:59] {Threei} no one knows for sure
[12:59] {_rahulprakash1} pretty much as I am seeing it, LVS is in a downtrend since 12:08
[12:59] {Threei} that depends on your time frame
[12:59] {_rahulprakash1} yeh i see your point
[13:00] {Threei} any pullback is a downtrend in a smaller timeframe
[13:00] {_rahulprakash1} just in my world view the depth of that down move is way too much compared to first up move since morning for it to be pullback
[13:00] {_rahulprakash1} i am looking at today/1min chart
[13:01] {Threei} that's debatable... you may view upward move as a $1.30 wide
[13:01] {Threei} from day's low
[13:01] {Threei} then why 30 cents drop wouldn't be a pullback?
[13:01] {dino} out qcor .04, +.30
[13:01] {cipher} wtg
[13:02] {Threei} wtg
[13:02] {dino} ty
[13:03] {Les} X .90 b/d?
[13:03] {_rahulprakash1} sry on a conference call too...had to speak there
[13:03] {Threei} no Les
[13:03] {cipher} grpn
[13:05] {_rahulprakash1} yes i see ur point vad in terms of $1.4 vs 0.3
[13:06] {Threei} cool... don't zoom in too much on the chartt when look for general configuration, make sure that you see the whole day
[13:06] {Threei} zoom in only to see a fine details of the setup
[13:15] {Les} APKt 33 BREAK?
[13:15] {Threei} half lot
[13:15] {nemo} vwap at 33.10
[13:16] {nemo} Qs right up against weekly R1
[13:16] {nemo} did you get your pajamas dirty Les?
[13:16] {Les} you mean its resistance here?
[13:16] {Threei} cipher, you went for GRPN?
[13:16] {Les} no, helping out with kids class
[13:17] {nemo} 62.90 is R1 on weekly Qs
[13:17] {Les} my knee is stuffed. No Aikido for a couple of weeks for me.
[13:17] {nemo} go get some dit jao
[13:18] {Les} get alex to post me some
[13:18] {Les} will try acupuncture
[13:18] {nemo} We get it from a guy in Boston
[13:19] {Les} so Q's are at resistance?
[13:19] {cipher} just came back from break...
[13:19] {cipher} yes vad went long grpn
[13:20] {Threei} let me guess... scalped?
[13:20] {cipher} y
[13:20] {cipher} several times actually
[13:21] {Threei} lol
[13:21] {cipher} too bad it's not shortable
[13:36] {cipher} l grpn .15
[13:39] {dino} qcor l .01
[13:41] {Les} looks like a bottom in GRPN
[13:43] {Les} ah I see cipher in
[13:45] {cipher} i don't like it
[13:45] {cipher} out .20 +.05
[13:47] {Les} Vad SLW ,75 break if consolidates a little here?
[13:48] {Threei} can't tell
[13:48] {Threei} 50/50
[13:50] {Les} just thinking how befitting for your tombstone
[13:50] {Les} "couldn't tell - it was 50/50"
[13:51] {Threei} hmmm... I am 50/50 on that
[13:52] {Les} An ironic and perhaps irrespectful memory of such a solid trading system built
[13:53] {Les} but it beats "no les, no more"...
[13:53] {Threei} well... I guess I don't care much whether it lives after my departure
[13:53] {Threei} because you know
[13:53] {Threei} There are two kinds of people. Those who need closure
[13:54] {Les} and those that need a new trading room leader...
[13:54] {Les} keep away from the bacon vad...
[13:54] {Threei} kidding?
[13:54] {Les} POT 46 b/d?
[13:54] {Threei} why live then
[13:54] {Threei} nah
[13:55] {Threei} it's just oscillating around this line
[13:55] {Les} yeh right, it's dead isn't it
[13:55] {Threei} if SPY picks a direction and runs with it, maybe
[13:55] {nemo} 50/50 les
[13:55] {Threei} hehe
[13:55] {Les} :)
[13:58] {Threei} SLW would have been a trap
[13:58] {Les} yeh
[14:01] {cipher} grpn 1 tick within my resting buy
[14:01] {cipher} no fill
[14:03] {dino} simo l .25
[14:21] {nemo} 2-4 is turning into lunch coma
[14:22] {Threei} very
[14:22] {Threei} much
[14:22] {Threei} so
[14:22] {Les} was watching SINA 66 DBI
[14:23] {Les} wasn't sure so just edumacating myself on it from the sidelines
[14:24] {Les} x inverted H&S forming in 15 min chart. closing right shoulder now
[14:25] {cipher} l simo .07
[14:26] {cipher} wow grpn fast spike to 21
[14:26] {Les} TCK b/d if returns above .80?
[14:26] {Les} or even .75 with some consolidation
[14:27] {nemo} looks more like a short, in a market that won't go down, so it might be a frustrating long
[14:28] {Les} yeh wondering if it screw me like that. SPY looking like a JBE at .55
[14:28] {Les} or it fails
[14:35] {cipher} l grpn .59
[14:39] {cipher} simo stopped -.07
[14:39] {nemo} offer grpn
[14:40] {nemo} computers hitting it, not letting it touch the offer
[14:46] {nemo} btw...cipher...grpn claims they have an effective tax rate over %1000...I'm not sure I would look for a long on it
[14:47] {cipher} out @.45 -.14
[14:49] {Les} FDX 95 b/d?
[14:50] {Threei} looks attractive
[14:50] {Threei} I like it
[14:50] {Threei} let's make it official
[14:50] {Threei} Short Setup: FDX 95 break
[14:50] {Threei} if stays under .10
[14:51] {Threei} and if it doesn't work, it's your fault
[14:51] {Les} I'm sure I have a
[14:51] {Les} complaints hotline number somewhere around here
[14:52] {nemo} Great, 1st week back and ur lettin' him call trades...wtf
[14:52] {Threei} but I pick his worst picks to discredit him {GGG}
[14:52] {nemo} frickin" Machiavelli
[14:53] {Les} with friends like you guys...
[14:53] {Threei} lol
[14:53] {nemo} just don't let Vad get behind you
[14:53] {Threei} 1:2 is very likely, and if SPY finally decides to drop, 1:3 is not out of questions
[14:54] {Les} tight stop?
[14:54] {Threei} 14:50] {Threei} if stays under .10
[14:54] {Threei} for now
[14:55] {Les} ok
[14:56] {Threei} oh boy
[14:56] {Threei} remember piece about Kodak stopping aming cameras?
[14:56] {Threei} making
[14:57] {Threei} Instead it is looking to license its name to other manufacturers who wish to sell cameras under the Kodak brand.
[14:57] {Threei} this is just...
[14:57] {Threei} yuck
[14:58] {Les} american capitalism at its finest
[14:58] {Les} for old people only. no kids of mine know what kodak is
[14:59] {nemo} Yeah, and it isn't in Durant either
[14:59] {Threei} I have no Kodak nostalgia... Minolta, I do
[15:00] {Les} I have Leika salesman in my apart block. Dunno what the quality is like
[15:02] {Threei} amazing
[15:02] {Threei} price is twice that
[15:02] {nemo} Leica are fantastic optics
[15:02] {nemo} Extremely expensive
[15:03] {nemo} Love there stuff, just don't like paying for it
[15:03] {Les} ok. so I don't want to strike up a conversation about buying his stuff...
[15:03] {RonS} so, leica the product but no leica de price?
[15:03] {nemo} ba da bing....
[15:03] {nemo} that was very good ron
[15:03] {nemo} wish I'd thought of it
[15:04] {Threei} unless he has 80% neighbior discount Les
[15:04] {Les} make me rich vad
[15:04] {Threei} I am just a street sign
[15:05] {Threei} I show the direction, you have to do actual walking
[15:05] {Les} this setup still good?
[15:06] {Threei} less good but still under .10
[15:07] {RonS} qotd: Future SAT tests: Answer this Essay Question in 140 characters or less.
[15:08] {Threei} lol
[15:09] {Les} are these more les jokes?
[15:09] {Threei} rofl
[15:09] {Threei} good one
[15:10] {RonS} hearing okc news report CHK building evacuated due to nat gas pipe being cut...someone saying "they will do anything to get the price of nat gas up..."
[15:12] {Les} DIIIIIIIIIIEEEEEEEEEEEE FDX
[15:13] {Threei} violence?
[15:13] {Les} verbal
[15:13] {Threei} I offer
06[15:14] * Threei hits FDX over the head with 2x4 endowed with rusty nails
[15:14] {Threei} 1:1
[15:14] {nemo} frickin sheila
[15:14] {Threei} half out
[15:14] {Threei} stop to .01
[15:15] {Threei} life was not bd before this trade but becomes even gooder now
[15:16] {Threei} if we get to 1:2, it will be bester, and 1:3 - bestest
06[15:22] * Threei hits FDX over the head with 2x4 endowed with rusty nails hotwired to 10000V battery
[15:24] {Threei} 1:2 close enough
[15:24] {Threei} 1/4 more out
[15:24] {Threei} stop to .96
[15:25] {Threei} violence is so effective as a trading method
[15:28] {Les} I'm out. gotta get my kids to bed. c u's tomorrow
[15:28] {Threei} take care les
[15:34] {Threei} stop to .91
[15:36] {cipher} cat blood
[15:48] {Threei} 1:3
[15:48] {Threei} out
[15:48] {Threei} what a beatuty to finish the day
[15:49] {stewy} vad, a good day thanks
[15:49] {Threei} very welcome
[15:49] {Threei} whole week is very solid
[15:49] {Threei} we have one more opportunity to spoil it
[15:56] {cipher} wow cat
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tonmorrow
[16:00] {nemo} let's say nasty things about Les
[16:00] {stewy} good night everyone
