Thursday, February 9, 2012

Feb 09 00:00:00 2012

(Course on chart pattern recognition is available now:  

 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}
[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 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 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}
[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? 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:
[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}
[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
[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..."
[15:13] {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