Nice strong day for us. Wanted to go into long weekend with a solid buffer of a good mood, so was especially picky and it paid off.
Session Time: Fri Feb 17 00:00:00 2012
[08:54] {stewy} gd morning
[08:54] {Threei} morning stewy
[08:56] {nemo} gild active
[08:57] {Threei} jumpy one, careful
[08:57] {Threei} small shares stock
[08:58] {stewy} question on mirc: when logged on, window should show 'JTC' and #floor and #discussion, right?
[08:58] {nemo} I may not even trade today...father's television watching woke me up 3 times during the evening...I expect my head to smash the keyboard fairly soon
[08:59] {Threei} yes stewy
[08:59] {stewy} ok thanks
[08:59] {Threei} beau, do you have mirc set up?
[09:00] {Threei} if yes, sound alert is a matter of a few clicks from there
[09:03] {cipher} can these sounds be filtered based on the room?
[09:04] {cipher} i couldn't get it working yesterday
[09:05] {cipher} I'm continuing to explore the idea od a script instead...
[09:07] {MigC} good morning
[09:07] {beau} vad, not really. messed with it some, need to spend some time doing
[09:08] {cipher} ideally what i'd like to do is this...
[09:09] {cipher} if vad says the word "setup" I want to hear the sound
[09:09] {cipher} but if anyone else says the same word i want it to be silent
[09:11] {Threei} migc :)
[09:11] {Threei} yes cipher
[09:11] {Les} setup
[09:11] {Threei} right click on my nick
[09:11] {Threei} tab Info
[09:12] {Threei} tab Highlight
[09:13] {Threei} check box Enavle
[09:13] {Threei} ckick Add
[09:13] {Threei} type the word Setup
[09:13] {Threei} configure behavior
[09:14] {Threei} (EU) ECB swap of Greek bonds said to have been completed
[09:15] {cipher} ok vad can you pls say "setup"
[09:15] {Threei} yes
[09:15] {Threei} why would you doubt my ability to say it?
[09:15] {Threei} setup
[09:15] {cipher} lol
[09:16] {cipher} ok it worked
[09:16] {Threei} someone else pls?
[09:16] {cipher} now can someone other than vad say it?
[09:16] {cipher} please
[09:16] {nemo} say what?
[09:16] {cipher} setup
[09:16] {beau} setup
[09:16] {cipher} heard the sound both times
[09:16] {nemo} type it? say it where?
[09:16] {nemo} setup
[09:17] {cipher} so no good
[09:17] {Les} seetup
[09:17] {cipher} i will have the script ready today...
[09:18] {cipher} it will filter based on who says te word
[09:18] {Threei} change to "long setup"
[09:18] {cipher} I have the rough version working, just need some minor adjustments
[09:18] {nemo} you also have to have sounds enabled in the general tools=}options menu
[09:18] {Threei} and "short setup"
[09:18] {Les} you might have to make variations on it, to account for Vad's english
[09:19] {Threei} that will cut down greatly on false alerts
[09:19] {cipher} i know but that's not sexy enough for me :-)
[09:19] {Threei} lol
[09:20] {cipher} i don't like the possibility of errors
[09:20] {cipher} 100% or notin
[09:20] {Threei} try line containing both threei and sdetup
[09:20] {Les} there, you see
[09:21] {cipher} in the script I can filter based on channels
[09:21] {cipher} so if I say play sound only on text in #floor
[09:21] {cipher} its quite simple
[09:22] {rahulprakash1} morning
[09:24] {Threei} rahul :)
[09:25] {Threei} so... slow climb day?
[09:25] {Threei} or we find a reversal
[09:26] {nemo} we're ripping
[09:27] {Les} you've got resistance lined in here Nemo
[09:27] {Les} SPY 136.5
[09:27] {Threei} well, plan then is:
[09:27] {nemo} .50 area
[09:27] {Threei} short first during opening volatility,
[09:27] {Threei} then reversal to long,
[09:28] {Threei} then staying with long setups off pulbacks
[09:28] {Threei} X and FCX don't participate in this spike of last minutes
[09:29] {Threei} half lot FCX short is a first thought
[09:30] {Threei} Short Setup: FCX 44 break
[09:31] {Threei} no chance unless you took aggressive
[09:31] {Threei} Short Setup: X 29 break
[09:31] {nemo} can't borrow
[09:31] {Threei} over 1:2 FCX
[09:31] {Threei} means no short entry on bounce
[09:32] {Threei} rathter look for reversal
[09:32] {Threei} Long Setup: FCX .70 break
[09:33] {Threei} stop under .65
[09:33] {Threei} half out
[09:33] {Threei} .83
[09:33] {Threei} out in full
[09:34] {cipher} +.20 thx
[09:34] {thomcbell} looking for pullback entryies in sm and nbl
[09:34] {thomcbell} both strong out of the gate
[09:34] {Threei} who got X, over 1:1
[09:35] {stewy} i did,
[09:35] {Threei} :)
[09:36] {stewy} out x 1;1 thanks
[09:36] {stewy} 1;2
[09:36] {Threei} wtg
[09:37] {stewy} missed yer second fcx though
[09:37] {Threei} Long Setup: LVS .65 break
[09:38] {cipher} nbl l .70
[09:38] {Threei} invalidated
[09:39] {Threei} reversal is close on it though
[09:39] {Threei} watching
[09:39] {Threei} Long Setup: LVS .50 break
[09:40] {rambler} gm...
[09:40] {Threei} rambler :)
[09:40] {stewy} second chanceentry?
[09:40] {Threei} second cnace entry
[09:40] {Threei} yes
[09:40] {Threei} same setip
[09:40] {Threei} if stays above .40
[09:40] {stewy} k
[09:41] {Threei} Long Setup: SLW .30 break
[09:41] {Threei} .25 stop
[09:41] {Threei} LVS target .75
[09:41] {Threei} 1:1
[09:42] {cipher} out nbl .18 +.48 thx thomb
[09:42] {Threei} wtg
[09:42] {Threei} 1:2
[09:42] {dino} gld sm l .90 break
[09:42] {Les} ty vad lvs
[09:42] {Threei} yw
[09:42] {Threei} target hit LVS
[09:42] {thomcbell} long setup DVN 75.21 break
[09:42] {Les} s tck .45
[09:43] {thomcbell} tight stop offered
[09:43] {Threei} was nice of it to come back and pick us
[09:43] {Les} out 1:2 tck sweeeet
[09:44] {Threei} nice
[09:44] {dino} gild that was
[09:44] {Threei} we knew GILD was your client, dino
[09:45] {thomcbell} dvn invalid
[09:45] {thomcbell} careful on other energy lolngs
[09:45] {thomcbell} sm came in hard
[09:45] {Threei} SLW no go
[09:45] {Threei} first stop
[09:46] {Threei} Short Setup: FCX .70 break
[09:46] {dino} out gild .32, +.41
[09:46] {Threei} wtg
[09:46] {Threei} if stays under .80
[09:46] {dino} ty
[09:48] {Threei} let's trail FCX to .76
[09:48] {Threei} too fast drop
[09:48] {Threei} gotta preserve from snapback
[09:49] {Threei} to .72 now
[09:50] {thomcbell} pivot logical target on fcx
[09:50] {thomcbell} 43.42
[09:50] {Threei} 1:1 is close enough
[09:50] {Threei} out
[09:50] {Threei} SLW
[09:50] {Threei} want to catch the reversal on it
[09:50] {Threei} 36 break
[09:50] {Threei} Long Setup: SLW 36 break
[09:51] {Threei} if stays above .95
[09:51] {Threei} keeping very tight stops to have multi[le tries
[09:52] {Threei} target closer to .20
[09:53] {Threei} half out
[09:53] {Threei} stop to .99
[09:53] {Threei} FCX continues... you were right tbell
[09:54] {Les} yeh MACD says down but .70 major support. Happy to be in and out without fuss
[09:54] {Threei} I was mostly concerned about those jumpy snapbacks
[09:54] {Threei} didn't want to get caught in a shakeout
[09:55] {Threei} nice morning so far, Friday before long weekend
[09:55] {Les} don't like fcx when it rips
[09:55] {Threei} want to stay on a conservative side
[09:55] {stewy} took slw scalp thx
[09:55] {Threei} :)
[09:55] {Les} TCK again. me thinks a selling day
[09:56] {beau} slw thanks for scalp vad
[09:56] {Les} or at least risk reduction day. As you say Vad, conservatism before long weekend
[09:56] {Threei} beau :)
[09:56] {Threei} out SLW .16
[09:57] {nemo} fcx may have support next .10
[09:59] {Threei} leading indicators in 2 min
[09:59] {Threei} in 1
[09:59] {dino} qcor sm l .25
[09:59] {Les} POT with loss of .85?
[10:00] {Threei} .4% vs .5
[10:00] {Threei} POT, looks roght to me
[10:00] {Threei} right
[10:03] {Les} what chartserver u using?
[10:03] {Threei} 3
[10:03] {dino} qcor stop -.26
[10:05] {cipher} qcor l .86
[10:07] {Threei} Short Setup: SLW .93 break
[10:07] {Threei} if stays under 36
[10:08] {Les} no go POT
[10:09] {cipher} out qcor .96 +.10
[10:10] {nemo} BATS exchange down
[10:10] {nemo} or the feeds are anyway
[10:10] {cipher} not here nemo
[10:10] {cipher} just traded on bats
[10:10] {nemo} feed into free stockcharts then
[10:11] {Threei} (GR) EMU Govts expected to contribute larger amounts to the aid package for Greece than in past circumstances; IMF pledged �13B of total �130B package
[10:11] {Threei} I think Greece wins the gambit
[10:11] {Threei} with all the tough talk, they will throw another wad of money in
[10:11] {Threei} which will never get repaid
[10:11] {Les} ok here nemo
[10:12] {Threei} die SLW
[10:12] {Les} pivot support .85
[10:13] {nemo} spy walking right along my target high for yesterday
[10:14] {Threei} POT rinsed
[10:14] {Les} yep
[10:14] {Threei} no go SLW
[10:17] {Threei} Long Setup: LVS .45 break
[10:17] {Threei} if stays above .35
[10:18] {Threei} 1:1
[10:20] {Threei} I suspect slow climb is about to start
[10:21] {Les} and I'm already looking for some drinking buddies. It's 4 o'clock
[10:21] {Threei} ok, you lost me
[10:21] {Threei} you know nemo, and you have to look for drinking buddies?
[10:22] {Les} LOL how's a virtual old man suppose to share a good bottle with me? Ringing around the neighbours right now...
[10:22] {Threei} lost me again
[10:23] {Threei} skype videoconferencing works great, with added benefit:
[10:23] {Les} http://24timezones.com/map.htm
[10:23] {Threei} when he asnnoys you, you jjust say "oops, losing internet connection" and you are free
[10:23] {Les} it's 4:30 in Switzerland. time for a drink
[10:23] {Threei} try to shake off real one that easy
[10:23] {dino} bidu vsm l .50
[10:23] {thomcbell} incorrigible
[10:24] {Threei} how do you know my middle name tbell?
[10:24] {Threei} Long Setup: FCX .40 break
[10:25] {dino} stop bidu
[10:25] {Threei} target is .75 or so
[10:26] {Threei} three partials
[10:26] {dino} rinsed
[10:27] {dino} re-load. 15
[10:28] {dino} out bidu .75, +.60
[10:28] {Threei} wtg
[10:28] {Threei} stop .34 FCX
[10:30] {Threei} out
[10:32] {Threei} rinse?
[10:32] {Threei} grr
[10:32] {stewy} it got squishy?
[10:32] {dino} gild l .75
[10:35] {dino} stop -.15 gild
[10:39] {cipher} +.24 gild thx dino
[10:41] {cipher} tna l .79
[10:41] {nemo} that looks good
[10:43] {nemo} only thing is this 136.20-.24 level
[10:43] {nemo} on spy
[10:46] {Threei} Long Setup: LVS .60 break
[10:46] {dino} gj
[10:46] {dino} gild sm l .50
[10:47] {nemo} long gild, huh?
[10:53] {Les} Italian police seize $6 trillion of fake US bonds in Switzerland
[10:53] {Les} lol that would have cut the deficit quick
[10:53] {Threei} wow... that's almost half of US debt
[10:53] {Threei} lol
[10:53] {nemo} seems to happen once a year or so
[10:54] {Threei} LVS invalidated
[10:54] {Threei} intraday SPY doesn't look right for that slow climb anymore
[10:54] {dino} jwn sm l .40
[10:54] {dino} thats a lot of bonds
[10:54] {Threei} may not happen today
[10:56] {cipher} tna stopped -.10
[10:57] {Les} hmm TZA looks right
[10:57] {Les} but shorting a dull market?
[10:57] {Threei} 136.10 is crtitical level for SPY
[10:58] {Threei} if loses it, TZA should work
[10:58] {thomcbell} why do u think vad
[10:59] {thomcbell} if feel like risk reward not there with 135.85 level that has been tested many times below
[11:00] {Threei} there is a lot of room from 136.10 to 135.85...
[11:01] {Threei} (GR) EU's Juncker: Far away from objective of cutting Greece debt-to-GDP ratio to 120%
[11:01] {thomcbell} i forgot our time frame sorry
[11:03] {Les} TZA l .33 sm
[11:04] {nemo} your buying tza with spy only .06 above the whole?
[11:04] {nemo} where angels fear to tread
[11:05] {Les} 3/15/60 min MACD lined up. If its a bounce I'll be out.
[11:06] {nemo} not saying it won't work, but I would think 136 is an area they might try to defend
[11:07] {Les} sure
[11:08] {Les} 1st partial
[11:08] {nemo} congrats
[11:10] {Les} all out +.07.
[11:10] {Les} will assume bounce and look for 2nd test
[11:12] {nemo} things looking long on the index, but not expecting much
[11:14] {Les} looking weak. might drag its arse up yet, but I'm busy opening a bottle. Can't be everywhere ;)
[11:14] {Threei} http://www.facebook.com/photo.php?v=214080858690864
[11:15] {Les} LOL
[11:15] {nemo} oh jeez
[11:15] {Threei} revenge of the frog
[11:15] {thomcbell} long setup 43.10 break if holds 42.99
[11:15] {Les} hahahahaha
[11:15] {Threei} FCX tbell?
[11:16] {thomcbell} yes fcx
[11:17] {nemo} Mmmmmhhhh...what kind of app could I write for bunny?
[11:22] {Les} the sound of a shotgun Nemo. So when the time comes, bunny is caaalm.
[11:22] {nemo} nice...something I would say if the shoe were on the other foot
[11:27] {RonS} :D...that frog deal is hilarious...
[11:29] {Threei} :)
[11:30] {thomcbell} fcx no go
[11:33] {Les} gonna watch Kung Fu Panda with daughter. C u's Tuesday
[11:33] {dino} clf sm l .50
[11:35] {stewy} gd wknd les
[11:37] {Threei} take care les
[11:38] {Threei} so get this
[11:38] {Threei} if ese returns over this weekend,
[11:38] {Threei} I am totally sure he will be here on monday
[11:38] {Threei} wondering where everyone is
[11:38] {RonS} and never finding out...until tuesday
[11:38] {nemo} that will be funny....leave mirc open and then post it in the log
[11:46] {thomcbell} fcx - could have played this one better
[11:46] {thomcbell} sorry fellas
[11:50] {dino} fcx l .10
[11:54] {dino} jwn stop -.33
[12:01] {Threei} Majority of US House votes to extend payroll tax cut to end of 2012, extend long-term jobless benefits
[12:09] {Threei} very narrow, even for Friday
[12:09] {Threei} even before long weekend
[12:19] {Threei} dino
[12:19] {Threei} see FIO?
[12:20] {Threei} takeover chatter, mentioned on CNBC
[12:22] {Threei} Long Setup: LMT .40
[12:22] {Threei} if stays above .30
[12:23] {dino} ty
[12:24] {Threei} see if double-tops on this spike
[12:24] {dino} sm s fio .25
[12:26] {Threei} there you go
[12:26] {Threei} thing of beauty
[12:27] {Threei} not my style but knew it was yours
[12:27] {dino} thx buddy
[12:27] {Threei} always
[12:27] {Threei} Two Ohio sources confirm to CNN that Ohio Attorney General Mike DeWine will endorse Santorum today, switching his support from Romney
[12:27] {Threei} GOP lost its mind?
[12:28] {Threei} or whatever left of it
[12:28] {dino} cov .90, +.35
[12:29] {Threei} I can see Obama not even bothering to campaign if Santorum is it, and valtzing right into second term with not as much as checking the vote count
[12:30] {dino} yeah, afraid republican party is giving it away
[12:31] {Threei} LIFE
[12:38] {Threei} reversal should be close
[12:39] {beau} lmt still valid?
[12:39] {Threei} yes
[12:41] {Threei} Long Setup: LIFE 47 break small shares
[12:41] {Threei} if stays above .90
[12:42] {Threei} invalidated
[12:44] {stewy} any target on lmt?
[12:45] {Threei} can't tell whether it's a scalp or slow match up
[12:45] {stewy} k
[12:46] {Threei} personal decision
[12:46] {stewy} that's oxymoron
[12:47] {Threei} is it like moron on oxugen?
[12:47] {Threei} oxygen
[12:48] {dino} life sm l .85, got booted
[12:48] {stewy} hmmm
[12:53] {dino} .00 wall
[12:55] {dino} fio hod
[12:56] {dino} life stop -.20
[12:56] {dino} vc pop
[12:57] {dino} vc sm s .80
[12:58] {dino} cov .45, +.35
[12:58] {Threei} wtg
[12:58] {dino} fio crazy
[12:59] {Threei} half out LMT
[12:59] {Threei} .48
[13:00] {dino} fio sm s .36
[13:01] {dino} cov .00, +.36
[13:02] {Threei} gutsy
[13:05] {dino} actually dumb, why would i cover at .00
[13:05] {dino} obvious break area
[13:05] {dino} life rinsed
[13:06] {dino} sm l .70
[13:08] {dino} .00 was prior wall
[13:13] {dino} out life .05, +.35
[13:15] {Threei} killing it today, eh dino
[13:15] {Threei} LMT stop to .39
[13:15] {dino} not really, sucked in the a.m.. running slightly neg
[13:15] {Threei} ready for the next step it seems
[13:16] {Threei} nice day... who would have thought friday before long weekend could provide us with such nice smooth trading
[13:16] {dino} i am "pushing" too much. need to stick to my edge.
[13:16] {Threei} I must have missed your morning ones then
[13:17] {Threei} quite possible, with my own occupying attention
[13:17] {nemo} ahhh...dino...
[13:17] {dino} yeah, glad you did. hope nobody got hurt by me.
[13:17] {nemo} why are you pushing on op ex friday before a long weekend
[13:17] {dino} because i am an idiot
[13:17] {Threei} we don't say idiot. we say special
[13:18] {nemo} Last thing I would think to call you
[13:18] {dino} no, trust me, my earlier trades today were idiotic
[13:18] {nemo} I'm looking at the indexes I follow:
[13:18] {Threei} I suggest to institute the term "steromoron"
[13:19] {dino} lol
[13:19] {Threei} inspired by oxymoron, and meaning moron on steroids
[13:20] {nemo} Their percentage of volume on average for this time of day on a friday are down 52% for iwm 40% for spy 36% for gdx 40% for DIA, only the QQQ relative volume is up
[13:20] {Threei} notice that slow climb in SPY has begun
[13:20] {nemo} yeah, at vwap now and right above that longterm level of mine
[13:25] {nemo} Dino get insulted?
[13:27] {Threei} by your insistent that he shouldn't call himself idiot?
[13:27] {Threei} insistence
[13:28] {nemo} I didn't insist anything, I said it would be the last thing i thought to call him
[13:29] {Threei} that's insulting
[13:43] {nemo} guess he's over the hissy fit
[13:44] {Threei} lol
[13:44] {Threei} dino, you want to slap him yourself or trust me to do it?
[13:45] {nemo} Greeks rage over erosion of sovereignty
[13:45] {nemo} So, they're pissed off people actually want them to be responsible about the money they borrow
[13:47] {nemo} arun at the lows
[13:47] {Threei} (GR) Greece PM Papademos reportedly plans cabinet meeting for 14:00 local time tomorrow - financial press
[13:47] {Threei} why?
[13:48] {Threei} FBI sting operation arrests Moroccan man who allegedly planned a suicide bombing in the US Capitol - Fox News
[13:48] {Threei} - FBI agents posing as associates of Al-Qaeda assisting him in his plot, provided the suspect with what he believed to be an explosive vest, but was actually packed with inert materials. The suspect was arrested as he was on his way to the Capitol building.
[13:50] {andj} Good morning...
[13:50] {nemo} wtf
[13:51] {Threei} hi andj
[13:51] {andj} I´ve been reading your 111 book
[13:51] {Threei} it's 10:50 on our coast nemo
[13:51] {nemo} I've got another one for you It's called "666"
[13:51] {Threei} how does it go andj?
[13:52] {andj} I get the idea
[13:52] {nemo} way ahead of me then
[13:52] {andj} just trying to clear up a few points of confusion
[13:52] {Threei} well, you should stop playing drinking game with it, nemo
[13:53] {Threei} I mean wrod "setup" alone can put you in rehab
[13:53] {Threei} go ahead andj, ask
[13:53] {andj} ok
[13:54] {andj} My question is really about the price point in any give set up...
[13:54] {andj} sorry...any given setup
[13:55] {Threei} yes?
[13:55] {andj} what causes the price to go in the direction of the setup?
[13:55] {nemo} supply and demand
[13:56] {andj} I was watching yesterday when you scalped .35 from TCA (i´m not sure which stock it was)
[13:56] {Threei} psychology of market participants, resulting in supply and demand rebalancing and reflecting itself in chart patterns
[13:56] {dino} i keep getting kicked off mibbit
[13:57] {Threei} looks stable
[13:57] {dino} out gild .80, +.30 took forever
[13:57] {Threei} TZA that was
[13:57] {andj} You called the play at .05 but the price had dropped...how did you know it was going to go up?
[13:57] {Threei} think about it this way:
[13:58] {andj} was there a big order on the level 2?
[13:58] {Threei} chart pattern is not the reason for the movement,
[13:58] {Threei} movements have their own patterns,
[13:58] {Threei} and obsering charts we find them
[13:58] {Threei} Movement patterns are patterns of human behavior
[13:58] {Threei} nom, level 2 has nothing to do with it
[13:59] {Threei} it was a frequently seen chart pattern, that's all
[13:59] {Threei} one of those we use regulartly
[13:59] {Threei} one of those you see in that course
[13:59] {andj} seriously? The other market participants don't know what you were doing?
[14:00] {Threei} whole course is showing you those patterns and hos to structure your trades based on therm
[14:00] {Threei} huh?
[14:00] {nemo} in a stock that trades that much on a daily basis, no way
[14:00] {Threei} why would anyone know what I was doing?
[14:00] {Threei} everyone acts on his/her own ideas
[14:01] {Threei} they watch their charts, their indicators
[14:01] {Threei} whatever they use to mnake their decisions
[14:01] {Threei} combined, it all adds up to the market behavior
[14:02] {Threei} I am not sure I understand your confusion
[14:02] {dino} andj, think about this, how do the other market guys even know of vad?
[14:03] {dino} ghdx drop
[14:05] {cipher} s ghdx. 50
[14:08] {cipher} cov 1/2 .39
[14:09] {dino} gj cipher
[14:09] {cipher} cov rest .35
[14:09] {cipher} fraking pulp
[14:09] {cipher} thank you sir
[14:09] {stewy} and there goes lmt w/o me...
[14:10] {dino} 27.81 s3
[14:10] {dino} life heading for lod
[14:11] {RonS} bp spike
[14:19] {stewy} vad, is lvs chart showing possible d/b?
[14:21] {dino} life sm l .51
[14:21] {Threei} loomks breakdownish to me
[14:22] {Threei} may reverse of course but clean DB it isn't
[14:22] {stewy} yeah, it broke down at 53. ok.
[14:25] {Threei} wow LMT
[14:26] {dino} bwld wild
[14:26] {stewy} yeah
[14:42] {nemo} interesting iwm spy divergence
[14:46] {dino} took hours but out clf .84, +.34
[14:46] {Threei} nice
[14:47] {dino} ty
[14:48] {andj} I got kicked off mibbit and couldn´t get back on
[14:49] {Threei} hmmm... something on your ISP end, everyone else stayed connected
[14:49] {andj} ok
[14:49] {Threei} you've got all my comments or wantme to repost the end?
[14:50] {andj} please repost...sorry
[14:51] {Threei} [14:00] {Threei} why would anyone know what I was doing?
[14:51] {Threei} [14:00] {Threei} everyone acts on his/her own ideas
[14:51] {Threei} [14:01] {Threei} they watch their charts, their indicators
[14:51] {Threei} [14:01] {Threei} whatever they use to mnake their decisions
[14:51] {Threei} [14:01] {Threei} combined, it all adds up to the market behavior
[14:51] {Threei} [14:02] {Threei} I am not sure I understand your confusion
[14:51] {Threei} end
[14:53] {andj} i don't understand it either...that's probably why i´m stuck:)
[14:54] {Threei} suggestion then
[14:54] {Threei} why do you need to find out why?
[14:54] {Threei} master using the chart patterns,
[14:54] {Threei} ask yourself or me why they work after that
[14:55] {Threei} after all, your task is to learn to trade or find out why this or that method works?
[14:55] {Threei} let's be practical and pragmatic
[14:56] {Threei} you can cross the street on green light without knowing all the intricacies of the traffic light electrical wiring, right?
[14:56] {cipher} ghdx l .00
[14:56] {andj} I could also get hit by a bus if I get the answer wrong:)
[14:57] {andj} but i get you...i´ll learn the patterns first
[14:57] {Threei} not really - you know that you can cross on green, and the result doesn't change depending on whethner you know how the wires are connected to a light
[14:58] {Threei} you switch gears while having very vague idea of how transmission works
[14:58] {andj} the gear analogy makes me feel safer!
[14:58] {Threei} and majority of people flip the light switch successfully,
[14:59] {Threei} ask how many of them undertsnd what happens when they do
[14:59] {andj} i can do that
[14:59] {Threei} my bet is, 1%
[14:59] {andj} 1% of what?
[14:59] {Threei} 1% undertsand what happens when they flip the light switch
[15:00] {Threei} yet 100% achieve the result
[15:00] {andj} That's some Darth Vad stuff...
[15:06] {andj} So if I trust the patterns and act accordingly then the result should be the same, right?
[15:07] {Threei} the same as what?
[15:09] {Threei} LVS breaking down
[15:09] {dino} jazz drop
[15:09] {andj} Well I should make money, which is the point?
[15:09] {Threei} if you apply them right, if you keep your discipline, if you use them in the context of the market conditions - yes
[15:10] {dino} out ghdx +.34 ty cipher
[15:10] {dino} jazz sm l .02
[15:11] {dino} out jazz .40, +.38
[15:11] {Threei} wtg
[15:11] {Threei} nice day for you dino
[15:12] {dino} now, yes
[15:12] {Threei} so, however it pains me to agree with nemo about anything, I must in this particular case...
[15:12] {Threei} you have no reason to call yourself names
[15:12] {dino} wow jazz 48-44-47 in minute
[15:12] {cipher} out ghdx .34 +.34
[15:13] {dino} gj
[15:13] {cipher} thx
[15:16] {dino} life sm l .00
[15:19] {nemo} well if we finish near the highs, Greece will be all hunky dory over the weekend...HUUUUUGE gap up on Tuesday
[15:20] {dino} out life flat
[15:20] {nemo} spy touched weekly R2
[15:22] {dino} jazz sm l .06 out .40, +.34
[15:28] {dino} bbrg pop
[15:29] {cipher} +.17 life thx dino
[15:29] {dino} jazz putting in heck of a range
[15:29] {dino} gj cipher
[15:36] {Threei} no news
[15:41] {dino} jazz sm l .75
[15:41] {dino} bbrg sm s .85
[15:48] {dino} stop jazz -.15
[15:56] {dino} cov bbrg .74, +.11
[15:59] {stewy} thanks vad
[15:59] {stewy} have a gd wknd everyone
[15:59] {Threei} thank you all
[15:59] {Threei} have a good long weekend
[15:59] {Threei} see you Tuesday
[16:02] {dino} gn all, thx for ideas
