Thursday, March 1, 2012

Mar 01 2012

(Course on chart pattern recognition is available now:  

Pretty much empty day, could have stayed in the bed just as well. Win one, lose one...

Session Time: Thu Mar 01 00:00:00 2012
[06:22] {Les} .
[09:01] {nemo} btw...posted new monthly levels in the blog last night
[09:01] {nemo} IWM closed, to the penny, on the new Monthly level, funny coincidence
[09:04] {Threei}  does it all mean I have to wake up?...
[09:08] {stewy} gd morning 
[09:09] {Threei}  stewy :)
[09:10] {RonS} Breitbart died of natural causes...a true blow to the truth
[09:10] {nemo} lucky bastard got out of this cesspool
[09:10] {Threei}  he did? when?
[09:10] {RonS} saying..."this morning"...
[09:11] {RonS} ...
[09:12] {MigC}  good morning
[09:12] {Threei}  migc :)
[09:13] {Les} check 1 2
[09:13] {Les} ?
[09:13] {RonS} check send here
[09:14] {Les} :P ty
[09:14] {Threei}  and 12 here
[09:14] {Les} so Mirc works
[09:14] {beau} good morning you all
[09:14] {Threei}  beau :)
[09:15] {Les} laser works
[09:16] {Threei}  morning of discoveries, Les?
[09:16] {Threei}  world works?
[09:16] {Les} new computer works
[09:16] {Les} wonderfully
[09:16] {dino} gm
[09:17] {Threei}  I share your amazement... yesterday discovered that cloud works, allowing me to operate my computer throuugh my tablet
[09:17] {Threei}  dino :)
[09:17] {Les} how?
[09:17] {Threei}  application called splashtop
[09:19] {Threei}  splashtop streamer
[09:19] {Threei}  lol:
[09:19] {Threei}  My vote for this years Darwin Award ... Man Drinks Gasoline From Jar, Dies After Lighting Cigarette
[09:21] {Les} Darwin was right
[09:21] {Threei}  nope
[09:21] {Les} evolutionary for the fittest of the species
[09:21] {Threei}  if he were, humankind wouldn't stand a chance of survival
[09:21] {Threei}  too stupid
[09:24] {Les} IWM saved by the bell again
[09:25] {Threei}
[09:25] {RonS} josh gardner has 95000 followers on reason why: What does a nosey pepper do? Gets jalapeno business. 
[09:25] {RonS} another:  What do you get when you kiss a diseased bird? Cherpies. Dont worry though ... its tweetable
[09:26] {Threei}  sigh... I give up... I'll never be popular in this world
[09:27] {RonS} well and fox needs you...
[09:28] {Threei}  like fish needs an umbrella
[09:28] {Threei}  they have a lot of their own bs-ers
[09:28] {Threei}  lol
[09:31] {Threei}  sheesh EIX
[09:31] {Threei}  pulp among pulp
[09:31] {Threei}  FCX, watching for bounce
[09:31] {Threei} Long Setup:  FCX  .95 break
[09:31] {Threei}  if stays above .85
[09:32] {Threei} Long Setup:  X  .60 break
[09:32] {Threei}  if stays above .50
[09:33] {Threei}  FCX 1:1
[09:34] {nemo} that huge bid on X got swallowed
[09:34] {Threei}  X no go
[09:34] {nemo} x
[09:34] {nemo} oops
[09:35] {Threei} Long Setup:  LVS  .30 break
[09:35] {Threei}  if holding .20
[09:35] {Threei}  umm
[09:35] {Threei}  lol
[09:37] {Threei} Long Setup:  SLW  .05 break
[09:38] {dino} eix sm s .20
[09:38] {Threei}  stop under .95 if you got it
[09:38] {Threei}  second chance entry if didn't
[09:39] {Threei} Long Setup:  FCX  .80 break
[09:40] {Threei}  stop under .70
[09:40] {thomcbell} qcom strong 
[09:41] {dino} ipgp sm l .03
[09:42] {dino} cov eix .00, +.20
[09:42] {Threei}  nailbiters, eh
[09:43] {Threei}  SLW gave up
[09:44] {Threei}  LVS, double bottom watch
[09:44] {Threei}  .90 break
[09:44] {Threei}  if holding .80
[09:45] {Threei}  ummm
[09:45] {Threei}  you blinked, it's at 1:1
[09:45] {Threei}  1:2
[09:45] {Threei}  fast and furious redefined
[09:47] {Threei}  FCX 1:1
[09:48] {Threei}  out in full
[09:49] {Threei}  1:2 is not reached formally but bumps into upper bb which curves down
[09:49] {dino} out ipgp .95, -.08
[09:49] {Threei}  and with trading-jabs-morning, gotta secure this one
[09:50] {Threei}  SPY spike
[09:50] {stewy} some 10am news soon...
[09:51] {Les} LVS ignoring this spike
[09:51] {dino} damn, ipgp faked me out
[09:57] {dino} tudo sm l .00
[09:57] {Threei}  FCX on bounce watch
[09:57] {nemo} damn missed lvs break
[09:57] {Threei}  ideally from under .90
[09:59] {dino} ipgp sm l .26
[10:00] {Threei}  bad numbers
[10:00] {Threei}  ISM manufacturing and construction spedning
[10:00] {dino} wtf
[10:00] {Les} CAT blood
[10:00] {Threei}  FCX nice dump
[10:00] {dino} ipgp stop -.31
[10:01] {Threei} Long Setup:  FCX  .70 break
[10:01] {dino} wow, rinsed again
[10:02] {Threei}  .63 stop
[10:03] {Threei}  SPY better hold .20
[10:03] {Threei}  out FCX
[10:04] {stewy} note to self:
[10:05] {stewy} rip out amygdala in premarket;)
[10:05] {nemo} you have one?
[10:05] {stewy} all amateurs have one
[10:06] {Les} what's an amygdada?
[10:06] {nemo} dala  part of the brain
[10:06] {nemo} that's why you are unaware of it
[10:06] {Threei}  FCX rinse
[10:06] {stewy} iz there a doc in the house?
[10:06] {Threei}  Shown to play a key role in the processsing of emotions
[10:06] {dino} drc sm l .94 pulp
[10:07] {thomcbell} wow slw is insane
[10:08] {cipher} gld also
[10:09] {dino} rgld sm l .73
[10:11] {Threei} Long Setup:  TZA  .90 break
[10:11] {Threei}  stop under .80
[10:12] {cipher} took gld for a ride from .40
[10:12] {cipher} out .07 +.67
[10:12] {Threei}  wtg
[10:12] {Threei}  gutsy
[10:13] {Threei} Short Setup: SLW  .40 break
[10:13] {Threei}  if stays under .45
[10:13] {Threei}  TZA target 1:2
[10:13] {dino} out rgld ave .07, +.34
[10:13] {thomcbell} lvs new high
[10:14] {dino} thx for heads up on gld cipher
[10:14] {cipher} np, did you get in?
[10:14] {dino} out drc .25, +.31
[10:14] {dino} took rgld off it
[10:15] {Threei}  SLW invalidated
[10:15] {cipher} saw your post but didn't make the connection 
[10:15] {Threei}  TZA 1:1
[10:15] {dino} you will be assimulated
[10:16] {cipher} can you translate that?
[10:16] {Threei}  stop to .89 for the balance
[10:17] {Threei}  SLW seems to be a bit overextended...
[10:17] {Threei}  looking for short entry again
[10:17] {nemo} more overboughter
[10:18] {Threei}  yes... waiting for overboughtest
[10:18] {nemo} [obpy od /83
[10:18] {nemo} pivot is .83
[10:18] {Threei} Short Setup: SLW  .55 break
[10:18] {Threei}  if stays under .65
[10:18] {Threei}  doji is here
[10:19] {Threei}  going for break of its low
[10:19] {dino} drc sm l .08
[10:19] {Threei}  let's do it SLW
[10:20] {Threei}  classic setup
[10:20] {cipher} target on slw?
[10:20] {Threei}  potential is for 38.30, with any market help
[10:22] {Les} silver futures breaking
[10:23] {Threei}  stopped
[10:23] {nemo} I'm looking to short closer to .80
[10:23] {Threei}  jab trading continues
[10:25] {Threei}  sheesh
[10:26] {stewy} markets shrug off the news and the dollar falls
[10:26] {nemo} sell in May
[10:27] {Threei}  sounds timely on March 1
[10:27] {nemo} market still shrugging off bad info
[10:28] {cipher} slw s .86
[10:31] {Threei}  you nailed its top finally
[10:32] {cipher} out .72 +.14
[10:35] {Les} IWM just lost pivot and VWAP
[10:35] {nemo} not by much
[10:35] {Les} let's see if it regains here
[10:36] {nemo} look at spy, it's basically walking a level
[10:37] {Les} negative hourly MACD since yesterday. Wondering if we're looking at continuation
[10:37] {Les} of selling
[10:42] {rambler} how goes the battle..?
[10:42] {Threei}  back and forth
[10:42] {Threei} Short Setup: TRP  44 break
[10:42] {rambler} to and fro...
[10:43] {cipher} gld l .76
[10:44] {cipher} slw l .50
[10:44] {Threei}  if stays under .10
[10:46] {cipher} out gld .97
[10:46] {Threei}  wtg
[10:47] {cipher} out slw .66
[10:47] {Threei}  TRP... feels to me like 1:2, 1:3
[10:47] {dino} gj
[10:47] {Threei}  slowish one
[10:47] {cipher} ty
[10:52] {RonS} nuts drc...missed
[10:53] {nemo} anf
[10:54] {Threei} Long Setup:  TZA  19 break
[10:57] {Les} wow looking at AAPL through MACD. some issues building here
[10:57] {dino} nbl drop
[10:58] {RonS} macd sucks imo...
[10:58] {Les} good red flag indicator - I use it fast 5, 15, 8
[10:59] {cipher} +.10 nbl thx dino
[11:00] {cipher} felt like squeezing water out of stone
[11:00] {dino} crr sm l .92
[11:01] {dino} gj
[11:03] {dino} crr stop .62 -.30
[11:04] {Threei} Long Setup:  TZA  .90 break
[11:05] {Threei}  just a scalp most likely
[11:07] {cipher} l crr .58
[11:08] {Threei}  take scalp as you see fit
[11:09] {Les} half out .98
[11:11] {Les} all out .95
[11:11] {Les} time frames slowly aligning
[11:12] {Les} immediate support for AAPL here
[11:12] {cipher} crr stopped -.32
[11:16] {Threei}  TZA made it to 1:2
[11:16] {Threei}  didn't really expect it
[11:17] {Threei}  no go TRP
[11:17] {Threei}  amazing
[11:17] {Threei}  I need three wins in a row to break this cycle today
[11:17] {nemo} merely a flesh wound
[11:17] {nemo} we'll call it a draw
[11:18] {Threei}  no wound, about even
[11:18] {Threei}  just irritating :)
[11:18] {Les} when things like this I have suspicion market is holding on by seat of its pants.
[11:19] {nemo} look at spy this week, basically oscillating around a level
[11:19] {stewy} vad you are 'about even' today?
[11:19] {nemo} IWM a bit weak
[11:19] {nemo} stewy....
[11:19] {nemo} vad is warped
[11:20] {Threei}  yes stewy
[11:20] {Threei}  why?
[11:20] {stewy} i need something to gauge my success/failures and you are it
[11:20] {nemo} mmmmhhh...not a good idea stewy
[11:21] {Les} I like TRP in multiple time frames. Will stick to it
[11:22] {stewy} why not nemo, i follow his trades
[11:22] {stewy} i do not expect to mirror his results
[11:23] {stewy} but i'm always assessing and backtesting and learning
[11:24] {Les} AAPL loss of immediate support
[11:24] {stewy} i'm open to everyhting here and i only have nine thousand screen hours to go!
[11:27] {dino} tudo stopped -.34
[11:27] {cipher} crr sm l .43
[11:29] {cipher} out crr .84 +.41
[11:29] {dino} gj
[11:29] {cipher} ty
[11:29] {cipher} too soon
[11:30] {nemo} stewy, you measure your trades on the discipline of execution against your trade parameters
[11:36] {stewy} agreed and I do so. my trade parameters are basically those of vad and his courses
[11:36] {stewy} so it's all i've got
[11:42] {RonS} ...great ad:
[11:43] {RonS} classic Greece satire:
[12:01] {dino} nbl sm l .26
[12:02] {Threei}  very narrow day so far
[12:02] {Threei}  hopefully one side blinks and we get direction
[12:03] {Threei}  meanwhile, facebook has pushed new design on business pages
[12:03] {Threei}
[12:03] {dino} out nbl .58, +.32
[12:05] {RonS} so Facebook generating business for you?
[12:06] {Les} nbl out .75 + .48 ty dino
[12:06] {dino} gj
[12:06] {RonS} nice look and feel when you see it all together...
[12:06] {Threei}  as far as I can track, yes
[12:07] {Threei}  it's not always easy to track the effectiveness
[12:07] {Les} good idea, social networking your business ain't dumb
[12:07] {Threei}  but my impression after about 7 months of playing with soial networks:
[12:07] {Threei}  Tweeter is utterly and absolutely useless for me,
[12:08] {Threei}  twitter
[12:08] {Les} yeh too much twitter for me. I've stopped
[12:08] {Threei}  probably beause of mismatch of my persona,lity and Twitter profile
[12:08] {Les} listened to one or two good traders, but too much noise in between the little nuggets of gold
[12:09] {Threei}  endless stream of brief thoughts, fleeting as dandelions...
[12:09] {Threei}  you want to get noticed there, it's almost a full time job
[12:10] {Threei}  and the one requiring to be comfortable with tweeting, tweeting, tweeting...
[12:10] {Les} yeh, like SAY SOMETHING NOW!!
[12:10] {RonS} twitter is like stock go through a lot of them to find a few gems...
[12:10] {Threei}  yeah, or you are forgotten in couple days
[12:11] {Threei}  Facebook, I can run on my own terms, and while I am still not the right person for this, enough people seem to have discovered me to make worth my while
[12:12] {Threei}  probably there is a better way to utilize it andf make it more effective...
[12:15] {Les} AAPL recovered nicely. gotta love those pivot support levels
[12:28] {nemo} tza might be a long here
[12:32] {Threei}  reluctatly,
[12:32] {Threei} Long Setup:  TZA  .80 break
[12:41] {Les} I've had a gutful of TZA :)
[12:43] {Threei}  I and TZA, we will remember tat when we hit 1:3, hand in hand
[12:44] {Threei}  we will glide into sunset, victorious and gloating
[12:45] {Threei}  (hand in hand, again)
[12:45] {Threei}  alternatively, we will wake up...
[12:48] {nemo} o.k. looking like new spy high today now
[12:48] {andj} Hey all...
[12:49] {Threei}  hi andj
[12:49] {andj} Vad can I talk to you in on another chat?
[12:49] {nemo} he charges extra
[12:49] {Threei}  doubleclick my name
[12:50] {Threei}  window for private chat will pop up
[12:51] {dino} sm l husa .48
[12:53] {Threei}  TZA invalidated
[12:53] {Threei}  so much for that dream
[12:54] {nemo} I did say "might" and then followed it up with "new highs coming"
[12:55] {nemo} actually...[12:50] {nemo} o.k. looking like new spy high today now
[12:58] {Threei}  I am not sure why you defend yourself but OK, we will consider it your fault
[12:58] {Threei}  everyone's for it?
[12:59] {nemo} not really defending just stating my relative equanimity
[13:02] {dino} husa stop -.30
[13:04] {dino} sm l .00
[13:05] {Threei} Long Setup:  TZA  .70 break
[13:11] {Les} Nemo's fault
[13:12] {Les} in
[13:14] {Threei}  let's give it a chance to work on its own free will, or apply violence?
[13:14] {nemo} dumb question
[13:14] {Les} I dunno
[13:14] {Les} I like violence
[13:14] {beau} i like the hand in hand and gloating
[13:15] {Threei}  ok
06[13:15] * Threei hits SPY over the head with 2x4 while tripping it at the same time
[13:16] {nemo} curb it
[13:16] {Threei}  look at this bystander giving advice instead of joining
[13:17] {nemo} you call me when you need a professional
[13:20] {Threei}  ummm
[13:20] {Threei}  neeeemoooooo
[13:20] {Les} LOL
[13:20] {nemo} I said new highs didn't I?
[13:20] {beau} violence now!
[13:20] {Threei}  who cares wha you said
[13:20] {thomcbell} fcx long setup 43.16 break
[13:20] {Threei}  come and help
[13:20] {thomcbell} if holds 43.06
[13:21] {thomcbell} going regular way on this one
[13:22] {Threei}  no go
[13:22] {Threei}  nemo's fault
[13:22] {thomcbell} 1:1
[13:25] {thomcbell} im going break even on balance 
[13:27] {dino} husa stop -.30
[13:30] {thomcbell} out on balnace fcx
[13:31] {thomcbell} will look for another entry
[13:44] {Threei} Long Setup:  SLW  39 break
[13:48] {andj} stop is 38.90?
[13:48] {nemo} yep
[13:48] {nemo} under actually
[13:48] {nemo} see the bottomof the hammer?
[13:48] {andj} where then?
[13:49] {Threei}  just under .90
[13:49] {andj} at 13:34?
[13:49] {nemo} :01
[13:50] {nemo} :41
[13:50] {Les} about to say - u drunk?
[13:50] {nemo} notice how it forms inverted H&S with 13:28?
[13:50] {Threei}  {nemo} always... why do you ask
[13:50] {Les} need to put your glasses on old man
[13:51] {nemo} define drunk
[13:51] {nemo} I have six screens anyway
[13:51] {nemo} so, it's hard to tell if I'm seeing double
[13:51] {andj} H & S?
[13:51] {nemo} market looking long again
[13:51] {nemo} Head & Shoulders (you flake)
[13:51] {nemo} had to add that, nothing personal
[13:52] {nemo} goes with the joke
[13:52] {andj} don´t call me names...I´m fragile today!
[13:52] {Threei}  nemo's fragile everyday
[13:52] {nemo} yeah...bunny loves me, she understands me
[13:52] {Les} :) emotionally disturbed you mean...
[13:52] {andj} Vad do you only drink Vodka?
[13:53] {Threei}  drop his bottle or kick his rabbit, and watch him go bonkers
[13:54] {Threei}  why... I very much respect good single malt, cognjak, craft beer etc
[13:54] {nemo} he'll drink rubbing alcohol for crissakes
[13:54] {Threei}  lol
[13:54] {Les} heheheh
[13:55] {nemo} anyway...iwm high=wpp   spy high=weekly R2
[13:55] {Threei}  hey, half of Russia drinks brake liquid
[13:55] {Threei}  come on SLW
[13:55] {Threei}  break already
[13:55] {nemo} vvus broke
[13:55] {Threei}  target 1:2
[13:56] {nemo} taken too much to break 39
[13:56] {andj} I´ll have to send you a bottle
[13:56] {Threei}  that would be a waste of a bottle you know... I'll just drink it
[13:56] {nemo} He likes Johnson & Johnson Isopropyl
[13:59] {nemo} market weakness holding SLW back
[14:02] {Threei}  if thw pattern of today continueds, this pause is going to resolve in suden spike
[14:08] {dino} lstr spike
[14:10] {nemo} never short a dull market
[14:10] {nemo} try to stay awake in one
[14:14] {Threei}  so, is this a reversal or merely a pullback trapping more bears...
[14:15] {dino} mfrm sm l .30
[14:15] {Les} 15 MACD negative crossovers. Can market pull another frikin rabbit outta nemo's ass?
[14:16] {nemo} keeps bunny warm
[14:16] {Les} lol
[14:16] {Threei}  lol... I could do without this visual
[14:16] {nemo} your fault
[14:16] {nemo} didn't have gerbils
[14:17] {Les} TZA
[14:17] {Les} would love a pullback entry
[14:23] {nemo} fcx short
[14:27] {dino} nbl sm l .00
[14:29] {Les} TZA l. 71
[14:35] {cipher} mfrm sm l .16
[14:35] {nemo} appointment trader
[14:36] {Les} out -.01
[14:37] {Les} gotta give credit to pc manufacturers and windows 7 Nemo
06[14:37] * Threei slaps magoo around a bit with a large trout
[14:37] {Les} hehe
[14:37] {magoo} wow, quick
[14:37] {RonS} hi mags...
[14:37] {Threei}  scalper's reflexes
[14:37] {magoo} hello all, hows day going?
[14:37] {dino} that what she said
[14:38] {Les} shit tza was waiting for me to drop it
[14:38] {nemo} MAGUS GRANDE how the hell are ya!!!!????
[14:38] {Threei}  the day I can't slap someone within 10 seconds of his entrance... nemo, just shoot me
[14:38] {magoo} 10 seconds, that was like 3 seconds
[14:38] {Threei}  well, it's lunch time
[14:39] {Threei}  coma slows me down
[14:39] {Les} the rubbing alcohol too
[14:39] {nemo} wuss
[14:39] {Threei}  depends on who I am rubbing it at
[14:39] {Les} :)
[14:40] {dino} cipher, that mfrm a b*tch to get out of
[14:40] {Threei}  not sure what that exit on TZA was about Les... 1 cent stop?
[14:40] {nemo} "appointment trader"
[14:40] {dino} hooker
[14:40] {magoo} in this little dialogue i can tell nothings changed, everyone still has deepest respect for each other he he
[14:41] {Threei}  but of course
[14:41] {magoo} well, good ill feel right at home
[14:42] {Threei}  the day I wear suit and tie and become polite and politically correct... nemo, just shoot me
[14:42] {Threei}  guys, day starts seriously turning around
[14:42] {nemo} nah, I'll just cut you upan inch at a time
[14:43] {Threei}  selling feels like picking up and destroying complacent bulls
[14:43] {nemo} well, be careful IWM and SPY looks like their aiming for a simultaneous rendezvous with VWAP
[14:43] {Les} yeh no wu weeeee there
[14:43] {cipher} dino are u still in mfrm?
[14:44] {nemo} you might even throw a few hundre share bid in at that level for a bounce scalp
[14:44] {dino} yes
[14:44] {cipher} are you offering @ .75?
[14:45] {dino} no
[14:45] {cipher} k
[14:45] {Threei}  TZA, pullback to about .70 interesting for entry
[14:45] {Threei}  LVS, short near .90
[14:45] {dino} if i said yes, you'd offer .74
[14:45] {Threei}  lol
[14:45] {cipher} lol
[14:45] {Threei}  and magoo would offer .73999
[14:46] {cipher} welljust an fyi I am @ .75
[14:46] {magoo} true dat
[14:46] {dino} that your 100 adf
[14:46] {nemo} o.k...getting close to ursine violation time
[14:48] {dino} mfrm was a gap fill drop
[14:49] {dino} out mfrm .749, +.449
[14:49] {cipher} dino what route did u use?
[14:50] {RonS} dish news?
[14:50] {dino} smartex/adf
[14:50] {Threei}  DISH Network Corp Hearing weakness attributed to cautious mention on M&A blog- Hearing sources say FCC will not grant DISH a waiver to launch its national wireless network
[14:50] {cipher} laser?
[14:50] {dino} cyber
[14:50] {cipher} k
[14:51] {cipher} someone keeps pegging my offers, can't get a fill
[14:51] {RonS} thanks 3i...
[14:52] {dino} looks up cipher, but...
[14:52] {cipher} is there a way to do hidden order on laser?
[14:53] {Threei}  cklick Trade
[14:53] {Threei}  in the drop down menu there is aline Display Order
[14:53] {Threei}  uncheck it to hide
[14:53] {Threei}  but remember that not all routes accept hidden orders
[14:53] {cipher} i know
[14:53] {cipher} thx will try...
[14:53] {Les} does NASDAQ accept hidden orders?
[14:54] {Threei}  I'd have to try
[14:54] {Threei}  but so can you
[14:54] {Les} will do
[14:54] {Threei}  just put it awas from market
[14:54] {Threei}  away
[14:54] {dino} magoo, dcc
[14:56] {dino} cipher nice mfrm
[14:57] {RonS} look dish
[14:57] {Threei}  got diapers?
[14:58] {Les} yeh NASDAQ takes hidden orders
[14:58] {cipher} out mfrm .75 +.59
[14:58] {cipher} thx dino
[14:58] {dino} wtg
[14:59] {Les} small long tna .61
[15:00] {Les} out flat.  hidden orders work
[15:04] {Threei}  TZA bounced from .71
[15:04] {Threei}  LVS dropped from .89
[15:05] {Threei}  both are to the cent
[15:05] {Threei}  anyone got an entry?
[15:05] {cipher} no busy counting money...
06[15:09] * Les slaps cipher around with a big stake marked jealousy
[15:10] {RonS} omg...seemed brighte outside...thought sun but snowing like mad...
[15:11] {RonS} hearing Breitbart had a heart attack on his morning walk...
[15:13] {Threei} Short Setup: FCX  .90 break
[15:14] {Threei}  if stays under 43
[15:19] {Threei}  die FCX
[15:19] {Threei}  1:2 at least
[15:19] {dino} out nbl .25, +.25
[15:20] {Threei}  1:1
[15:20] {Threei}  finally something definite
[15:22] {Threei}  if you guys paid attention, you'd have 30 cents on LVS by now, and 40 on TZA
[15:22] {nemo} where did you go long tza
[15:22] {Les} attention is one thing, discipline to hold to a setup is another
[15:23] {Threei}  14:45] {Threei} TZA, pullback to about .70 interesting for entry
[15:23] {Threei}  [14:45] {Threei} LVS, short near .90
[15:25] {dino} ubnt drop
[15:27] {Threei}  scalpers win
[15:27] {andj} Threei do you always say when to get out on your calls?
[15:28] {dino} ubnt sm l .17
[15:28] {Threei}  there is a starndard procedure andj
[15:29] {Threei}  I comment when there is a deviation from it,
[15:29] {Threei}  or when I feel strongly inclined to one of options
[15:29] {Threei}  in FCX case you would do one of two things
[15:29] {Threei}  1. take scalp at 1:1
[15:30] {Threei}  2. take half and trail stop to b/e
[15:30] {dino} out ubnt .59, +.42
[15:31] {dino} dlph drop
[15:32] {dino} getting some air pockets
[15:33] {Les} AAPL negative MACD hourly signal getting stronger
[15:33] {andj} do you say when you reach a stop?
[15:34] {Threei}  stop is usually signified in the setup
[15:34] {Threei}  [15:14] {Threei} if stays under 43
[15:34] {Threei}  so if it triggersm then reverses and goes over 43 before reaching 1:1, you get out
[15:34] {Threei}  not waiting for me to say it
[15:35] {andj} So it's entry price then stop price then target price?
[15:36] {Threei}, scroll down to How trading room operates
[15:41] {dino} magoo, dcc
[15:48] {dino} ubnt drop again
[15:49] {dino} sm l .75
[15:53] {dino} out ubnt .08, +.33
[15:53] {dino} lol, that gets me in the black after a horrible morning
[15:53] {Threei}  and I am flat like a pancake
[15:54] {dino} was 4 of 9 in am, 6 of 8 pm
[15:55] {dino} am hurting me lately, need to wait
[15:55] {dino} lots of rinses today
[15:56] {beau} on top of that, got to cut grass.  hate yard work
[15:57] {Les} plant bee friendly shrubs and meadow grass
[15:57] {nemo} dino, you keep saying you have to sit out the open
[15:58] {dino} things changed, in dec, jan, early feb mornings were ok for me. lately mornings hurting me
[15:59] {Threei}  (IR) Iran police and protestors said to have clashed in the city of Sari, in the north of the country - financial press
[15:59] {Threei}  *(SR) SAUDI OFFICIALS COMMENT THAT REPORTS OF PIPELINE ATTACK ARE UNTRUE- Reminder: Earlier reports indicated explosions had occurred at a pipeline in Saudi Arabia's Awamiya district, in the eastern part of the country near Bahrain
[15:59] {nemo} wow, believe this divergence in spy and iwm
[15:59] {Threei}  ok guys
[16:00] {Threei}  as far as I am concerned, could have remained asleep today just as well
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {Les} finishing roughly the same Nemo
[16:00] {Les} cheers all
[16:00] {nemo} no the divergence in the action since 3:20
[16:01] {andj} Thanks all...have a great night.  Don't drink too much Vad