Monday, March 5, 2012

Mar 05 2012

  About flat day for us, with stops and wins more or less balancing each other.

Session Start: Mon Mar 05 08:29:12 2012

[08:53] {Threei}  OK... I made my peace with idea of waking up
[08:54] {Les} glass of vodka might help
[08:54] {nemo} good idea
[08:55] {Threei}  how do you think I made that peace?
[08:56] {Les} where's the date stamp option again Vad? TIA
[08:56] {Les} time stamp too
[08:56] {Threei}  right click on the button with vhannel name
[08:57] {Les} ty
[09:02] {Threei}  FCX
[09:02] {Threei}  trying to break
[09:03] {Threei}  while we have time,
[09:03] {Threei}  http://photography.realitytrader.com/2012/03/butterfly-gardens-again.html
[09:06] {Threei}  if you followed the gold discussion over the weekend, here is a quote I wanted to post, but decided against it for the time being:
[09:06] {Threei}  Say what you will about the sweet miracle of unquestioning faith, I consider a capacity for it terrifying and absolutely vile! -Kurt Vonnegut
[09:10] {thomcbell} love that 
[09:10] {Threei}  :)
[09:10] {Threei}  goldbugs are often sensitive bunch
[09:11] {Threei}  and Vonnegut is a bit too left of center for my taste, but I can forgive anything for such a brilliant book as Sirens of Titan
[09:12] {Threei}  still looking around but feels like FCX short will be first trade
[09:12] {MigC}  good morning
[09:13] {Threei}  Migc :)
[09:13] {Les} Yeh me old man is a fundamentalist Catholic. When he tells me he knows the truth I am forced to bite my tongue...
[09:14] {Threei}  when I look at goldbugs arguments for gold being only salvation, I can't help but see unending parallels with any other bubble
[09:14] {Les} so I ain't gonna bet the farm on gold...
[09:14] {Threei}  it's always so obvious
[09:14] {Threei}  oil was totally peaking in 2008, there was no way whatsoever for it to ever drop
[09:15] {Threei}  price was going to go to 200
[09:15] {Threei}  300
[09:15] {Threei}  500
[09:15] {Threei}  only lazy and illiterature ones did not project higher and higher prices
[09:15] {Les} well we know commodities spike just before the market crashes...
[09:15] {Les} so I anticipate a precious metals spike...
[09:16] {Les} but as to the degree of the spike...?
[09:16] {Threei}  all-knowing insiders working in the field for their whole life predicted endless rise too
[09:16] {Threei}  remember the guy running huge fund,
[09:16] {Threei}  "no way oil loses 120"
[09:16] {Threei}  "no way oil loses 100"
[09:16] {Threei}  when it hit 80 he had to close the fund
[09:16] {Threei}  with huge losses for his investors
[09:17] {Threei}  and friking thing proceeded all the way to 30
[09:17] {Threei}  no one know where the spike ends Les, that's the point and and that's what makes whole thing tick
[09:18] {Threei}  how could it go to that high if it were in anyway predictable?
[09:18] {Les} I'll just stick with the charts...
[09:18] {Threei}  if you know for sure that $2013 is the high you offer it at 2012
[09:18] {Threei}  and you neighbor undercuts you at 2011
[09:18] {Threei}  and his does the same at 2010
[09:18] {Threei}  you lower to 2009
[09:19] {Les} yeh, but what concerns me more is the pain that can be inflicted by self-interested oligarchies as we saw in Russia circa 1999
[09:19] {ese} morning........just poping in before i go to man an"information Line"...not picket line...."information line...go figure
[09:19] {Threei}  thus, the very idea that the high is figurable makes it impossible for the price to reach that high
[09:19] {Threei}  morning ese
[09:19] {Les} musicians of the world unite Ese?
[09:20] {Beau} good morning you all
[09:20] {Threei}  beau :)
[09:20] {ese} i'll be in your neck of the woods this saturday Les.....landing in Milan Sat night
[09:20] {nemo} for what ese?
[09:20] {Threei}  Les, 1999 russia default? what makes you think it was seklf-inflicted by oligarchs?
[09:20] {ese} holiday....with the wife and kids ....2 weeks in Italy
[09:21] {Threei}  hmmm anyone feels like smacking ese with trout?
[09:21] {ese} huh?........whad i do?
[09:22] {ese} aside from the fact that i don't remember how to trade 
[09:22] {Threei}  you didn't take me with you as a personal photographer
[09:22] {Threei}  well, we will retrain you upon your return
[09:22] {ese} hmmmmmmm.........
[09:23] {Les} sounds like the hard life ese
[09:23] {Threei}  notice that #floor is defunct for the time being guys
[09:23] {Threei}  Alert got lost in cyberspace
[09:24] {Les} bye bye fcx
[09:24] {Threei}  server crashed on Sunday... restarted all the services but Alert is on rescucitation table still
[09:24] {Threei}  yeah, thing didn't wait for us
[09:24] {ese} ya well.....somebodys gotta do it Les
[09:24] {rambler} gm...
[09:24] {Threei}  rambler :)
[09:25] {dino} gm
[09:25] {Threei}  dino :)
[09:28] {Threei}  come on FCX
[09:28] {Threei}  what's with impatience
[09:28] {Threei}  hopefully bounces for us
[09:29] {Threei}  at this level I'd rather look for bounce...
[09:30] {Threei}  in any case, first trade on FCX is half lot as always
[09:30] {Threei}  LVS is green
[09:30] {Threei}  long candidate on pullback
[09:31] {Threei} Long Setup:  FCX  41 break
[09:31] {Threei}  if stays above .85
[09:31] {Threei}  nope
[09:32] {Threei} Long Setup:  LVS  .20 break
[09:32] {Threei}  half lot
[09:32] {Threei}  if stays above .05
[09:32] {Threei}  invalidated
[09:33] {Threei} Long Setup:  FCX  .80 break
[09:33] {Threei}  if stays above .65
[09:34] {Threei}  valid
[09:34] {Threei}  not anymore
[09:35] {Threei}  LVS is reestablishing itself
[09:35] {Threei}  valid again
[09:35] {Threei}  not much chance for entry, wait for pullback
[09:35] {Threei}  here it is
[09:36] {Threei}  stop under .05
[09:36] {Threei}  no go
[09:37] {Threei}  hectic opening
[09:37] {thomcbell} anything company specific besides china news on fcx?
[09:37] {Threei}  nope
[09:38] {Threei} Short Setup: SLW  .70 break
[09:39] {Threei}  still half kot
[09:39] {Threei}  if stays under .80
[09:40] {Threei}  target 1:2, 1:3
[09:42] {Threei} Long Setup:  TZA  .20 break
[09:42] {Threei}  if stays above .15
[09:43] {Threei}  SLW 1:1
[09:44] {Threei}  TZA target .35 - .40
[09:44] {Threei}  SLW 1:2
[09:44] {Threei}  out
[09:44] {Threei}  fast drop to almost 1:3
[09:45] {Threei}  cross that "almost"
[09:45] {Threei}  half oyt TZA
[09:45] {Threei}  stop to .19
[09:46] {Threei}  SLW pure beauty
[09:47] {cipher} fcx double bottom?
[09:47] {Threei}  TZA, offer 1/4 more above .35
[09:48] {Threei}  chart wise yes, but low confidence
[09:48] {Threei}  smallish shares maybe
[09:49] {Threei}  looks a bit better now
[09:50] {Threei} Long Setup:  FCX  .50 break
[09:50] {Threei}  half lot
[09:50] {Threei}  if stays above .35
[09:50] {Les} l tna .96
[09:50] {Threei}  nope
[09:51] {thomcbell} u think fcx longs are scared or what 
[09:51] {Les} half out .11
[09:51] {Threei}  msybe last rinse
[09:51] {thomcbell} already 5.5 mm shares on tape in 20 minutes
[09:51] {Threei}  gotta lose passengers before leaving the station, you know
[09:51] {Les} another quarter .20
[09:51] {nemo} nice job les
[09:51] {Threei}  valid again
[09:51] {Threei}  very ruisky
[09:52] {Threei}  ok, same setup
[09:52] {Threei}  .50 break
[09:53] {Threei}  .35 support
[09:53] {Les} .30 me out
[09:53] {Threei}  wtg
[09:53] {Threei}  target .90
[09:55] {thomcbell} fio very strong again
[09:57] {Threei}  half out FCX
[09:57] {Threei}  1:1
[09:57] {Threei}  stop to .49
[09:57] {Threei}  finally this thing started behaving
[09:57] {Les} just broke vwap fcx
[09:57] {Threei}  someone scared the bejeezus out of it
[09:59] {Threei}  it's always volatile at the open but today isa bit beyond usual
[09:59] {Threei}  whole market feels so brittle
[09:59] {nemo} China news
[09:59] {Threei}  yeah... last pillar of growth
[09:59] {Threei}  if you believe pundits
[10:00] {nemo} good numbers
[10:00] {Threei}  *(US) FEB ISM NON-MANUFACTURING: 57.3 V 56.2E
[10:00] {Threei}  *(US) JAN FACTORY ORDERS: -1.0% V -1.5%E
[10:01] {Threei}  (GR) Greece Fin Min Venezelos: Greece is ready to use CAC
[10:01] {Threei}  that's not good
[10:02] {Threei}  (GR) Greece Fin Min Venezelos: Reiterates that this week will be critical for PSI exchange, reiterates that Greece is prepared to use CAC if necessary; Greece will not need a third bailout
[10:02] {Threei}  hmmm... wanna bet?
[10:02] {Threei}  the only way Greece won't need a third bailout is if it defaults after second
[10:03] {Threei}  gosh FCX... go already
[10:03] {Threei}  wrong way, you idiot
[10:04] {Threei} Long Setup:  LVS  .90 break
[10:04] {Threei}  if stays above .80
[10:04] {Threei}  target 56.15
[10:05] {Threei}  no go
[10:06] {Threei}  fiiinally FCX
[10:07] {Threei}  1:2
[10:12] {Threei}  watching AIG
[10:12] {Threei}  for double top
[10:13] {Threei} Short Setup: AIG  .80 break half lot
[10:13] {Threei}  if stays under .90
[10:14] {Threei}  target .55
[10:15] {Threei}  invalidated
[10:16] {Threei}  change to .90 break
[10:17] {Threei}  .05 stop
[10:17] {Les} TZA looking for new highs
[10:18] {Threei}  1:1
[10:20] {Threei}  isn't it funny that AIG, of all stocks, goes up unstoppably while market is dropping?
[10:20] {Threei}  TZA, watching for pullback entry
[10:21] {Les} bought 100 here, looking for pullback under .30
[10:23] {Les} dumped it +.05 looking for bounce
[10:23] {Threei}  ese, you know that Etna is active?
[10:23] {Les} a live one... hot little Italian girl for ya
[10:24] {Les} speaking of blowing a top, I hope TZA is not about to rip here
[10:24] {Les} frik it
[10:25] {Les} smack me someone...
[10:26] {Threei} Long Setup:  AIG  .80 break
[10:26] {Threei}  half lot
[10:26] {Threei}  if stays above .70
[10:28] {Threei}  change to .75 break if holding .65
[10:28] {nemo} look for bounce at .50
[10:28] {Threei}  if loses .65, even lower
[10:29] {Threei}  .35 - .40 zone
[10:29] {nemo} .50 vwap
[10:29] {Threei}  but SPY is trying to double-bottom
[10:31] {Threei}  1:1
[10:32] {Threei}  1:2
[10:32] {Threei}  out
[10:34] {Les} was looking through 15 min charts for db's, then saw it on TNA 55 in 1 min. chart. I am not on same frequency...
[10:34] {Les} smallest db I've yet encountered...
[10:36] {Les} l slw .31
[10:36] {Les} stop is clear
[10:36] {ese} hi vad sorry just back.......whats etna
[10:36] {ese} mount etna
[10:36] {Threei}  sicilian volcano
[10:37] {ese} ahhhhhhhhhh  didn't know that
[10:37] {Threei}  saluting your arrival I guess
[10:37] {ese} or keeping us there
[10:38] {Les} met a few swiss people who have stayed on the island while it blows... on my list of things to do
[10:38] {Threei}  mush make for beautiful sunsets
[10:39] {ese} dangerous
[10:39] {Threei}  what isn't...
[10:39] {Threei}  Federal reserve is dangerous...
[10:40] {ese} long as we don't another pompei thing in Bologna i'm fine with it
[10:41] {Threei}  but if you do - that's when you are going to regret not having personal photographer with you
[10:41] {Les} :)
[10:41] {Les} bologna. lovely town
[10:43] {Threei}  TZA, will be interested again around .30
[10:43] {nemo} yup
[10:44] {nemo} vwap volume and price support
[10:45] {Les} slw stop
[10:50] {Threei} Long Setup:  TZA  .30 break
[10:50] {Threei}  if stays above .25
[10:51] {Threei}  valid still
[10:52] {Threei}  change to .20 - .25
[10:52] {nemo} market long now, see if you can get tna on pull back to .90
[10:53] {_goryl} Vad, i'm new to laser, how do you execute an order to go long above the current market price.  I'm used to limit orders but if I do that it executes the order at the current price, not my limit price.
[10:53] {_goryl} I've used Interactive Brokers in the past.
[10:54] {Threei}  you don't send the orfer in advance for that
[10:54] {Threei}  click entery price limit a cent or two above the break point,
[10:54] {Threei}  and click buy when trigger level is broken
[10:55] {_goryl} ok, thanks
[10:55] {Threei}  sure thing
[10:59] {Les} l tna .01
[10:59] {Les} stop below .87
[10:59] {nemo} wombat poker is learning
[11:00] {nemo} partial here though
[11:00] {Les} done
[11:01] {Les} next quarter out
[11:01] {Les} dishes are frikin done maaan
[11:01] {Les} .25 all out
[11:02] {Les} yes Nemo, new computer, 3 screens, I see what you see now
[11:02] {Threei}  no way... unless you are severely drunk too
[11:02] {nemo} dino...
[11:02] {Les} LOL
[11:03] {nemo} you're slandering me Vad
[11:03] {andj} he says he sees dead people too
[11:04] {nemo} I see bunnies
[11:04] {Threei}  have to maintain your reputation, nemo...
[11:04] {dino} .
[11:05] {nemo} so...i'm an ill-humored, drunken, misanthrope
[11:05] {Les} why not? beats being dead
[11:05] {nemo} we don't know that
[11:05] {Threei}  and in case full image hasn't formed yet, nemo's motto is:
[11:06] {Threei}  There is no such thing as overkill. Dead is dead.
[11:06] {cipher} mon l .83
[11:07] {nemo} Actually, to add to color:  Martial arts guys call the master shot the 1 strike kill
[11:07] {nemo} I like:  The master shot isn't to kill him, that's the easy way out.  It's to cripple and debilitate them such that they suffer for the rest of their life....that's my kinda' guy
[11:08] {Threei}  Israel PM: Israel must be able to defend itself by itself; US and Israel are in agreement on Iran nuclear issue
[11:10] {Beau} vad TZA ?
[11:10] {Threei}  doubt it...
[11:11] {Threei}  market starts looking like long
[11:11] {andj} So Vad I got in on two plays this morning...TZA and FCX
[11:11] {andj} I partialed out both
[11:11] {cipher} out mon .75 -.08
[11:12] {Threei}  what happened to the balance?
[11:14] {Threei}  watching TNA for entry
[11:16] {Threei}  is it O on TV that is doing the damage?
[11:16] {Threei}  not your normal selling
[11:17] {Threei}  beau... can I change my answer on TZA?
[11:17] {Threei} Long Setup:  TNA  .60 break
[11:17] {Beau} yep.  moral victory for me
[11:18] {Threei}  stop under .50
[11:18] {Threei}  1:1
[11:18] {cipher} l mon .52
[11:18] {Threei}  1:2, out
[11:22] {Threei}  a bit too soon eh?
[11:28] {cipher} out 1/2 mon .67 +.15
[11:29] {Les} AAPL, wow
[11:30] {cipher} out rest .75 +.22
[11:30] {Threei}  fair one
[11:34] {cipher} l aapl .70
[11:34] {cipher} out .07 +.37
[11:34] {cipher} too soon
[11:35] {Les} MAGOO! You're back under a new handle!?
[11:35] {Threei}  lol
[11:35] {dino} panl sm l .41
[11:35] {nemo} what handle is that?
[11:36] {nemo} or u talkin' his brother at arms cipher?
[11:36] {cipher} what?
[11:36] {nemo} go back to sleep
[11:36] {Threei}  hard to deny, their trading style is very similat
[11:37] {nemo} yeah, diaper style
[11:37] {dino} not
[11:43] {dino} panl stop -.22
[11:45] {dino} rinsed
[11:46] {andj} Why is it that so many of the calls are so early in the morning?
[11:48] {dino} bvsn drop
[11:50] {dino} crashing bvsn
[11:51] {cipher} bvsn l sm 40.10
[11:51] {dino} vsm l bvsn .51
[11:51] {cipher} out 41.30 +1.20 thx dino 
[11:52] {dino} stop -.21
[11:52] {Les} gappy little f&%ç
[11:53] {dino} wtf rinsed again
[11:53] {dino} sm l .70
[11:53] {dino} gj cipher
[11:53] {dino} out .33, +.63
[11:53] {cipher} ty sir
[11:54] {cipher} gj
[11:54] {dino} ty
[11:55] {dino} crr sm l .14
[11:56] {dino} out .44, +.30
[12:06] {dino} got rid of that early
[12:06] {dino} int sm l .12
[12:07] {cipher} mon l .48
[12:09] {cipher} out .59 +.11
[12:09] {dino} pot sm l .11
[12:10] {Threei}  TNA starts looking like big break at .50
[12:10] {Threei} Long Setup:  TNA  .50 break
[12:10] {Threei}  if stays above .35
[12:14] {dino} ppo blood
[12:14] {Threei}  (PT) Egan-Jones downgrades Portugal to B-
[12:15] {Threei}  Portugal: Who??
[12:15] {Threei}  TNA invalidated for now
[12:15] {dino} wlt blod
[12:15] {dino} blood
[12:16] {_goryl} vad, where do you route ur orders for nasdaq and nyse, through who?  sorry my background is in futures..
[12:17] {Threei}  I normally use NASDAQ route
[12:18] {Threei}  it may not be optimal from cost saving point of view in some cases
[12:18] {Threei}  but it's effective, fast, reliable
[12:18] {dino} wow bvsn drops 6+ then goes back to positive
[12:19] {nemo} nice spread
[12:19] {Threei}  just make sure that you enbale route out, so it sweeps all available ECNs
[12:19] {cipher} manipulation
[12:19] {Les} where is that located Vad?
[12:19] {andj} Vad why is the morning so busy and the afternoon so slow?
[12:20] {nemo} nature of the market
[12:20] {Threei}  because most activity is concentraded in the morning...
[12:20] {cipher} people step out to eat lunch andj
[12:20] {Threei}  right click on level 2 les
[12:22] {Les} aah, so I click on all ECN's in the route out column?
[12:25] {Threei}  right, check the boxes
[12:25] {Threei}  without it ECN hits only itself
[12:25] {Threei}  with it, sweeps all others
[12:25] {cipher} the route out column applies to nasdaq only?
[12:25] {Threei}  no, all of them
[12:27] {cipher} no wonder I was getting bad fills.. only had a few checked
[12:28] {Les} ty
[12:29] {cipher} one other thing with laser I never figured out is how to enter stop loss order
[12:29] {Threei}  OMS module
[12:29] {cipher} where is that?
[12:29] {Threei}  under Modules in menu
[12:29] {nemo} there's also an order type in the LII window called "STOP" I believe
[12:30] {Beau} vad critic me on tna-break 56.10  stp 56  targ 56.20
[12:30] {cipher} ok
[12:30] {Threei}  we may have different versions thouigh
[12:30] {Threei}  do you have OMS unde there?
[12:30] {cipher} yes
[12:30] {Threei}  ok
[12:30] {Threei}  beau... kind of marginal setup
[12:31] {Threei}  may work, may fail with about equal odds
[12:31] {Beau} didn't take just learning
[12:32] {Les} 3 min MACD trend on TNA says down since .50. Needs to reestablish itself.
[12:32] {nemo} vwap at .96 tna
[12:32] {nemo} 56.00 not a level that close to vwap
[12:32] {Beau} thks
[12:33] {nemo} imo...you have to watch iwm to trade tna
[12:33] {Les} ditto IWM
[12:33] {Beau} makes sense
[12:33] {Beau} not cents
[12:33] {nemo} long at .00 with stop under .95 or so might be worth a scalp, but also watch spy, because if spy looks like it's going to drop usually iwm isn't going up
[12:34] {dino} panl s, l .02
[12:34] {cipher} so vad I should enter stop orders through OMS module rather than from L2 window?
[12:35] {nemo} Hey Beau, you ever take a look at the levels I post in the Blog?
[12:35] {Threei}  last time I looked into automated stops, that was the way
[12:36] {cipher} ok I'll give it a try
[12:36] {Threei}  you may want to confirm it with broker though, it's been a while since I was interested in autodtops last time
[12:36] {Beau} nemo no haven't consistantly
[12:37] {Beau} consistently
[12:37] {nemo} well, just my opinion...you should, they're pretty precise
[12:37] {nemo} see this call on tna I just made?
[12:38] {cipher} nemo can you post the link to the levels?
[12:38] {nemo} it's in the blog on Vad's homepage
[12:38] {_goryl} nemo, do you also watch the levels on spy?
[12:38] {cipher} k
[12:38] {Threei}  http://tradinglog.realitytrader.com/2012/03/course-on-chart-pattern-recognition-is.html
[12:38] {Beau} see it nemo
[12:38] {nemo} yes, they work together
[12:39] {_goryl} do u prefer one over the other?
[12:39] {nemo} they work together
[12:39] {Les} crap wanna buy WLT here but have hidden order... not accepted
[12:39] {nemo} sometimes the dog wags the tail, sometimes the tail wags the dog
[12:40] {Les} how do I untag that hidden order feature Vad?
[12:40] {Threei}  same way you tagged it
[12:40] {Threei}  click on that line
[12:40] {Les} :( I forgot where it is
[12:40] {Threei}  lol
[12:40] {nemo} you have a 6:1 trade so far
[12:40] {Threei}  people with alzheimer shouldn't maske changes
[12:41] {Les} :)
[12:41] {Threei}  Trade - Display Orders
[12:41] {Les} ty
[12:42] {Les} 1:2 WLT :(
[12:45] {dino} bummer
[12:46] {dino} crr sm l .02
[12:48] {Beau} nemo thx added to my study list
[12:48] {nemo} yeah, i did a vid this week too, i try to keep those limited
[12:50] {dino} ioc drop
[12:50] {Les} god yeh, like listening to a depressive drunk speak..
[12:51] {nemo} well, do you really expect me to be sober at night when I do them?
[12:52] {Les} I expect to not be able to hear a rabbit being straddled on the keyboard...
[12:52] {nemo} janitor
[12:55] {dino} stop crr .75 -.27
[12:56] {cipher} +.24 ioc thx dino
[13:01] {Threei} Long Setup:  TZA  .30 break
[13:01] {nemo} already in
[13:02] {nemo} two way though
[13:02] {Threei}  market feels theetering ona brink
[13:02] {nemo} Bear hope springs eternal
[13:03] {cipher} crr drop
[13:05] {dino} crr, 86.28 s2
[13:05] {nemo} iwm should go to new highs now
[13:06] {dino} for a monday, mkt feels dead, like friday afternoon
[13:07] {cipher} crr l .14
[13:09] {Threei}  yeah
[13:13] {cipher} out .27 ave +.13
[13:14] {Les} l TNA .19 100 shares
[13:14] {Les} very speculative intraday afternoon play
[13:14] {Les} MACD positive crossover in hourly time frame
[13:16] {andj} Hey vad I have a question about laser...
[13:18] {andj} I tried to buy tza and it said 'no direct orders sent out'
[13:18] {andj} and then says...
[13:18] {andj} direct hit left 100 shares...
[13:19] {andj} do you know what happened?
[13:19] {Threei}  no. haven't seen such mesage
[13:19] {dino} out panl .40, +.38
[13:20] {andj} is charles online?
[13:20] {cipher} andj what route are you trying to use?
[13:20] {andj} not sure
[13:20] {cipher} I get that message sometimes on ARCA
[13:20] {cipher} change to something else
[13:20] {andj} how do i check?
[13:20] {Les} out +.14 TNA
[13:21] {andj} you are right...it was arca
[13:21] {cipher} :-)
[13:21] {andj} so that did not get filled then right?
[13:21] {cipher} arca sucks I never use it
[13:22] {cipher} check your positions
[13:22] {andj} do you use laser?
[13:22] {cipher} yes
[13:22] {Threei}  if you have open position under the tab with your username in blotter, it did
[13:22] {andj} it's blank
[13:22] {cipher} crr more blood
[13:23] {andj} vad the user name is where open trades are listed right?
[13:23] {Threei}  open positions
[13:23] {andj} yes
[13:24] {Threei}  yes
[13:26] {dino} 86.28 area support crr
[13:27] {cipher} crr l .43
[13:28] {Les} VAd, TNA .50?
[13:30] {Threei}  yes
[13:31] {Threei}  not a scalp either
[13:31] {Threei}  has about 40 vents potential
[13:31] {Threei}  cent
[13:32] {Les} stop .40, in case its a bull trap?
[13:33] {cipher} out crr .70 +.27
[13:33] {Threei}  .35 rather
[13:33] {Threei}  wtg
[13:33] {cipher} thx
[13:34] {dino} gj
[13:39] {Les} TNA bouncing back. still good?
[13:43] {Threei}  I think so, it's one of those setups hat invalidate and reestablish a few times
[13:43] {Threei}  until finally trigger
[13:48] {cipher} mon l .91
[13:50] {cipher} stopped .84 -.07
[13:52] {Les} AAPL 2nd swan dive
[13:53] {cipher} mon l .73
[13:56] {cipher} out .85 +.12
[14:07] {Les} TNA 1/3 min MACD lining up. 15/60 min still good
[14:29] {Beau} ,
[14:30] {Les} sm long TNA stop under .40
[14:30] {Les} l .51
[14:31] {Les} stop
[14:31] {nemo} between you and me, I wouldn't be playing breakouts in that today
[14:32] {Threei}  Les, it spikedf vertically into .50 from .20
[14:32] {Threei}  this is not a breakout you want to play
[14:32] {Les} yeh I see that.
[14:32] {nemo} he must have been point man in his army squad
[14:32] {Les} was too
[14:32] {nemo} yeah, you like getting shot
[14:33] {Les} back to chess
[14:37] {nemo} what a day of slop
[14:38] {Threei}  hectic morning, nice transition period from morning to lunch, dead lunch time
[14:39] {dino} meli sm l .54
[14:52] {Les} ugh...
[14:52] {Les} http://www.telegraph.co.uk/news/picturegalleries/howaboutthat/9123801/Winners-of-a-competition-held-to-find-Britains-cutest-sleeping-cats.html
[14:52] {Les} do you have a cat thing Vad, or is it only your cat u like?
[14:53] {Threei}  hmmm
[14:53] {Threei}  good question
[14:53] {Threei}  no, I like most of them :)
[14:55] {rambler} Vad, FCX here....?
[14:56] {Les} LOL TNA
[14:56] {Threei}  here we go
[14:56] {Threei}  see how differently it acts when it consolidated closer to break level?
[14:56] {Les} yeh and this time I ignored it
[14:57] {Les} crap
[14:58] {Threei}  I don't know why... this wass legitimate one, vs previous
[14:58] {Les} yeh, still learning
[14:58] {Threei}  breakout requires consolidation
[14:58] {Threei}  sharp spike = exhaustion,
[14:59] {Les} nice, .40 gained...
[14:59] {Threei}  thus breakout on the upper end of sharp spike = trap
[14:59] {Les} I just thought this time would be different :P
[14:59] {nemo} tomorrow will be a big up day
[15:00] {Threei}  unless something happens overnight
[15:00] {nemo} yeah, if not, every bear better cover before the end of the day
[15:03] {Threei}  let's see if FCX gives us the same type of break
[15:03] {Threei}  want one more little pullback
[15:03] {Threei}  staying above .40
[15:03] {Threei}  then break of .50
[15:04] {thomcbell} lvs looks interesting long here vad
[15:04] {Threei}  .70 break?
[15:04] {nemo} 13136.93 is level on spy, above that 137.10
[15:04] {nemo} iwm 80.57
[15:04] {Threei} Long Setup:  FCX  .50 break if holding above .40
[15:08] {dino} out meli .18, +.66
[15:08] {Threei}  wtg
[15:08] {dino} opps .64
[15:08] {dino} ty
[15:08] {Threei}  beau, does sound alert work?
[15:08] {Threei}  I take it back dino... merely 64 vents...
[15:08] {Threei}  cents
[15:08] {Threei}  66, that was impressive
[15:09] {Beau} nope. getting a burp from just about everyone
[15:09] {Threei}  64, nah
[15:09] {Beau} no pattern I see.  
[15:09] {Threei}  huh... can't be
[15:09] {Beau} Will try again tonight.  thought I folowed your inst.
[15:09] {Threei}  you configured it for line containg words "long setup" and "short setup"?
[15:09] {Beau} yes sir
[15:10] {Threei}  anf it beeps for any line, even without those?
[15:10] {Beau} yep
[15:10] {thomcbell} i need the instructions too 
[15:10] {Threei}  ok, that's really weird
[15:10] {Beau} and from everyone when they start
03[15:10] * Looking up Threei user info...
[15:11] {Beau} figures
[15:11] {cipher} beau fyi I made custom scripts
[15:11] {Beau} and nemo, noticed I called vad sir
[15:11] {cipher} separate sound for vad and everyone else
[15:12] {cipher} workslike a charm
[15:12] {Beau} would like to see.  not familiar with scripts.
[15:12] {Threei}  ok, I'll remove myself from this then and address you to cipher
[15:12] {cipher} it's really easy I can show you after the close
[15:13] {Beau} good.
[15:13] {Threei}  cipher, maybe send a script and instructions to me also so I place it ona sebsite together with mirc instruvtions, so you don't have to do it more than once?
[15:13] {nemo} tza might be worth a risk here,
[15:14] {cipher} yes will do
[15:14] {nemo} only problem is I don't expect iwm to drop more than .10
[15:20] {Threei}  FCX is valid
[15:20] {Les} so here is same spike into 57 break for TNA
[15:21] {Threei}  tbell, took LVS?
[15:21] {Threei}  well, the difference is:
[15:22] {Threei}  look how well 56.50 was established as a resistance, throughout whole day
[15:22] {Threei}  57 is less defined
[15:23] {nemo} Les, very interesting resistance here on spy
[15:23] {Les} ok, so resistance or support so clearly established and defined is not something to catapult into
[15:23] {Les} 3 min SPY bearish divergence IWM too
[15:23] {thomcbell} 1/2 lot from 54.72
[15:23] {thomcbell} lvs 
[15:23] {Threei}  :)
[15:23] {nemo} yeah, but support on sy at .24
[15:24] {thomcbell} sold 1/2 of the 1/2
[15:24] {thomcbell} lol
[15:24] {Threei}  no, point I was making: well etsabl;ished resistance is a very promising breakout,
[15:24] {Threei}  less defined one is so-so
[15:24] {Les} ah ok
[15:24] {nemo} excuse me .30
[15:24] {nemo} support on iwm, sheesh
[15:25] {Les} yeh I getchya, even when you are drunk
[15:25] {nemo} financials are at the top of their range also, be careful with shorts
[15:25] {Les} yeh 15 min solid uptrend in MACD. I want 3 & 15 min. negative crossovers for shorting consideration
[15:26] {Les} only 3 min. here. Just another wiggle
[15:26] {nemo} I would want three push divergence here
[15:26] {Les} putting kids to bed. c u's tomorrow. A good day
[15:26] {nemo} iwm has been going up since 10:30
[15:35] {Threei}  FCX valid
[15:36] {nemo} what are you calling?
[15:36] {Threei}  .50 break
[15:39] {Threei}  come on SPY, you know you want to take 137 today
[15:42] {andj} where is the stop on fcx?
[15:42] {Threei}  grrr
[15:42] {Threei}  .39
[15:42] {nemo} invalidated
[15:42] {nemo} oops no worky
[15:43] {Threei}  still holding by fingertips
[15:43] {andj} so invalidated or no?
[15:43] {Threei}  .40 is holdong
[15:43] {Beau} i stpd at 39
[15:43] {nemo} technically yes
[15:44] {nemo} that's interesting, 3 doji's with .39 as the bottom...stop hunting
[15:44] {Threei}  out
[15:48] {andj} I'm up by 25 cents today:)
[15:49] {nemo} better than being down
[15:49] {andj} I can buy half a cup of coffee.
[15:49] {dino} took all day but out int .51 _.39
[15:50] {dino} _=+
[15:51] {nemo} http://www.thisiswhyimbroke.com/ultimate-computer-station
[15:52] {Beau} cipher have to run to bank.  will pick up from web  thanks for offer
[15:52] {Beau} and for sharing
[15:52] {cipher} np
[15:52] {nemo} all this politeness gonna' make me puke
[15:53] {Beau} trying to improve your social interaction
[15:53] {Beau} lol
[15:54] {nemo} try breaking steel reinforced concrete with your head, you'll have better luck
[15:55] {Beau} this is the way we talked in the Navy.  and said things like golly-gee
[15:56] {nemo} that's just too ripe a target...wouldn't be fair for me to take it
[15:56] {andj} when are you fair?
[15:56] {nemo} it's like making a gentile negotiate with a Hasid
[15:56] {Beau} gave you an easy one
[15:56] {Beau} good night all and especially you nemo.
[15:57] {nemo} Yeah, well actually used to work with the navy a looooong time ago
[15:57] {Threei}  thank you all, have a good evening
[15:57] {Threei}  see you tnmorrow
[15:57] {andj} take care all...
[16:00] {dino} out pot .03, -.08