Started day a bit shaky but then evened it out and went into profitable territory. Somewhat hectic morning with no patterns, a bit better afternoon.
Session Time: Thu Mar 22 00:00:00 2012
[09:09] {thomcbell} good morning
[09:09] {Threei} tbell :)
[09:10] {nemo} hate optimists
[09:10] {Threei} you just don�t know how to cook them
[09:13] {thomcbell} found another stock that has woken up - inxn
[09:15] {dino} gm
[09:16] {Threei} dino :)
[09:18] {dino} whats up with gold?
[09:19] {rambler} gm..
[09:19] {Les} PMI readings for Germany/China and EU are showing contraction this morning
[09:19] {Threei} I guess old slogan is back... �who needs golsd when we habe bernarke�
[09:20] {dino} no i mean goldcorp
[09:21] {dino} ok coup in mali
[09:21] {dino} randgold not goldcorp
[09:22] {dptl} good morning all
[09:22] {Threei} dp :)
[09:22] {Threei} rambler :)
[09:24] {thomcbell} mali represents 50% of NAV for Randgold
[09:25] {andj} gm
[09:25] {Threei} andj :)
[09:26] {dino} thx tbell
[09:28] {Threei} if we are lucky, FCX spikes to .20 -.30 for short entry
[09:28] {Les} half pivot resistance is .18
[09:30] {Les} now s1 at .20
[09:31] {Threei} Short Setup: FCX 39 break if stays under .10
[09:32] {Threei} no go
[09:33] {Threei} Short Setup: SLW .85 break
[09:34] {Threei} let�s hange to .90 break if stays under 32
[09:34] {Threei} FCX rinse
[09:36] {Threei} Short Setup: X .35 break
[09:36] {Threei} if stays under .45
[09:37] {Threei} invalidated
[09:40] {Threei} Long Setup: CAT .10 break
[09:40] {Threei} no chance?
[09:41] {Threei} ok valid again
[09:41] {Threei} if stays above .95
[09:42] {Threei} change to 107 break
[09:42] {Threei} stop under .90
[09:42] {nemo} i shorted
[09:43] {nemo} 1:1
[09:43] {Threei} Long Setup: FCX 37 break
[09:43] {Threei} 39
[09:44] {Threei} if stays above .90
[09:44] {Threei} target 1:2
[09:44] {nemo} i'm out
[09:45] {nemo} we're getting jerked this monring
[09:46] {thomcbell} wow lvs
[09:46] {dino} jbl sm l .51
[09:47] {nemo} buying the dip but cat having a problem
[09:47] {dino} air sm l .75
[09:47] {Threei} backing off a bit
[09:48] {Threei} no follow through
[09:48] {nemo} yeah bulls and bears a draw at the moment
[09:49] {Les} fcx has 50% fib retrace support at .80
[09:49] {dino} rbn sm l .98
[09:53] {thomcbell} lvs solving worlds problems
[09:53] {Threei} obviously
[09:54] {thomcbell} what problems?
[09:54] {Threei} Short Setup: LVS .70 break
[09:55] {Threei} stop .85, target .20
[09:58] {Threei} 1:1
[09:59] {dino} rbn stop -.33
[10:00] {Threei} *(US) JAN HOUSE PRICE INDEX M/M: 0.0% V 0.3%E
[10:02] {Threei} scalpers win
[10:03] {Threei} too bad, this one had a lot of promise
[10:03] {nemo} buying the dip in the market
[10:04] {nemo} higher highs iwm and spy
[10:04] {Les} TLT dropping
[10:08] {dino} ipgp sm l .30
[10:08] {Les} l tza .26 stop under .20
[10:09] {Les} half out .30
[10:09] {Les} out JBL +.10 ty dino
[10:10] {Threei} now look at LVS hitting my target
[10:12] {Les} 2nd half flat
[10:12] {dino} rbn sm l .38
[10:13] {nemo} trneds are in tact, spy recaptured WPP and IMW bounced at vwap, daily S2
[10:13] {dino} gj les
[10:13] {Les} ty
[10:15] {Les} damn should have put stop below .25
[10:16] {Threei} wow
[10:18] {Threei} no news that I see
[10:21] {Les} bullish divergences on indexes here
[10:21] {Les} could you call TNA a db, between open and here?
[10:22] {nemo} yeah
[10:22] {Les} then I had right chart read. took .35 to .41 and then hit panic button
[10:22] {Les} spiked to .55 without me
[10:24] {rambler} any news on IPGP..?
[10:25] {nemo} mon strong
[10:26] {dino} no
[10:33] {Les} fcx possible db here
[10:33] {nemo} we're dropping
[10:34] {Les} yeh I see that
[10:34] {Threei} (PT) IMF: It is premature to speculate whether Portugal needs an expanded loan program- IMF warns that Greece faces delays in loan disbursals if the govt does not achieve its milestones.
[10:36] {Threei} so, looks like realization that nothing has changed in EU crisis slowly creeps back in
[10:38] {dino} portigal talk sounds just like greek talk a year ago
[10:38] {Threei} yes... but there is a difference
[10:38] {Threei} whole thing will crumble under sheer weight of numbers
[10:39] {Threei} Greece itself is small, but sucked in a lot of money
[10:39] {Threei} Portugal itself is small...
[10:39] {Threei} but two of them is a whole lot
[10:39] {Les} dumb banks should have invested in port wine vineyards instead of govts.
[10:40] {Threei} and each next bailout creates more and more precedents
[10:40] {Threei} anf new countries demanding the same
[10:40] {dino} panl sm l .35
[10:42] {Les} needed a porsche to catch .01 entry on TNA
[10:43] {Threei} Short Setup: LVS 58 break
[10:43] {Threei} if stays under .10
[10:49] {Threei} looking at SPY, no wonder I struggle finding plays
[10:49] {Threei} total chaos
[10:50] {Les} dunno, looks like a flattish inverted bowl type thing to me
[10:55] {Threei} Short Setup: FCX .35 break
[10:55] {Threei} .45 stop
[10:57] {Threei} stop to .41
[11:00] {nemo} if it's gonna turn it's gonna be here
[11:06] {Threei} Long Setup: TNA .40 break
[11:06] {nemo} why?
[11:06] {Threei} stop under .30
[11:06] {Threei} target 1:3
[11:08] {Threei} 1:1
[11:09] {Threei} 1:2
[11:10] {nemo} why the call vad?
[11:10] {Les} all out .65 u the man
[11:10] {dino} clc gap fill
[11:10] {Threei} 1:3 close enough, out
[11:10] {Threei} double bottom on 1 min
[11:11] {dino} sm l .19
[11:11] {Threei} 11:03 first
[11:11] {nemo} yep
[11:11] {Threei} 11:07 second
[11:11] {Les} multi time frame setup is good
[11:11] {Threei} nice tails, volume is right
[11:11] {Les} ah I see the vol.
[11:11] {Threei} second has pierced BB a little
[11:12] {Threei} 1:4 meanwhile
[11:12] {dino} gj
[11:12] {Threei} ty
[11:12] {Threei} finally hooked a decent one
[11:12] {Les} I was watching TLT stopped at half pivot resistance. Happy to have vad help me enter correctly
[11:12] {Les} for the reversal
06[11:12] * Threei takes a bow
[11:13] {Threei} this one took me to flat
[11:13] {Threei} let�s see if we can turn it into green now
[11:14] {Les} fcx trying reversing
[11:18] {dino} clc to .00
[11:19] {dino} out slip, ave .98, +.79
[11:20] {dino} ipgp sm l .20
[11:21] {Les} l tna .76 stop under .60
[11:23] {Les} all out .89
[11:23] {Les} .87
[11:25] {nemo} Les, where's VWAP
[11:25] {Les} on what?
[11:25] {nemo} tna, or IWM
[11:25] {Les} significantly higher
[11:28] {nemo} where's s3 on spy?
[11:29] {nemo} where would trend be off the bottom of spy or iwm/tna
[11:30] {nemo} ?
[11:30] {dptl} leaving early...see ya tomorrow all..
[11:30] {Threei} take care dp
[11:31] {Les} s3 is here
[11:31] {dino} cya
[11:31] {nemo} yep, now where are the trendlines off the bottom of spy and IWM?
[11:33] {Les} dunno. email me what you want to show me
[11:37] {Threei} Long Setup: TZA .60 break
[11:37] {Threei} if stays above .55
[11:39] {Beau} good morning
[11:39] {Threei} morning beau
[11:39] {Beau} morning been good to you?
[11:39] {Threei} not the morning but fixed things later on
[11:42] {Threei} looking to get deeper into green now
[11:43] {Threei} 1:1 TZA
[11:43] {Les} out +.05 ty
[11:43] {Threei} double lot
[11:43] {Les} upped the share size there. better result
[11:43] {Threei} couple more such plays and universe is right again
[11:44] {Les} I gotta run, so could we do them in next 15 min. please :)
[11:44] {Threei} lol
[11:45] {thomcbell} vad - wprt is this a reverse cup and handle in process on 5 and 10 min time frames?
[11:45] {Threei} �kithcen�s chedule is adjusted to chef�s hunger�
[11:45] {Les} :) Aikido time. test tonight
[11:45] {Threei} looks right to me, tbell
[11:46] {nemo} do you get the long pajamas if you pass?
[11:57] {Threei} Long Setup: TZA .50 break
[11:57] {Threei} stop under .45
[12:01] {Threei} let�s tighten to .47
[12:01] {Threei} not liking SPY look
[12:02] {Threei} out
[12:06] {Threei} Long Setup: LVS .80 break
[12:06] {Threei} if stays above .70
[12:08] {Les} outta here. c u tomorrow
[12:12] {Threei} 1:1
[12:22] {nemo} I picked the wrong time to go out, tna signalsed long at 11:48
[12:34] {nemo} lvs again
[12:34] {nemo} right on vwap though, but that .05 offer
[13:18] {dino} ipgp to .74
[13:18] {dino} tho sm l .90
[13:22] {cipher} +.15 tho thax dino
[13:23] {Threei} nice
[13:24] {dino} out tho .05, +.15
[13:25] {dino} yw cipher
[13:26] {dino} ipgp to .79
[13:27] {nemo} wtf
[13:27] {nemo} something come out
[13:27] {dino} out ipgp .78, +.58
[13:28] {cipher} aapl l.70
[13:28] {cipher} out .24 +.54
[13:28] {dino} gj
[13:28] {nemo} ahhh we're going higher, cleared out the weak hands
[13:28] {cipher} ty
[13:29] {cipher} nice rinse
[13:31] {nemo} like cat long here vad?
[13:31] {Threei} I think so
[13:32] {Threei} stop would probably have to be under .10
[13:33] {nemo} definite maybe hugh?
[13:33] {nemo} I'm thinking no, now, because the moves were at thee same time as spy and iwm, it's not indepenedent
[13:33] {nemo} might as well just figure out if I want to play tna tza or neither
[13:34] {Threei} heh
[13:35] {Threei} they argue on TV who saved USA fron another great deperession, bush or obama
[13:35] {Threei} is it a fact that we are saved already?
[13:36] {dino} meli sm l .80
[13:38] {dino} hayn lod
[13:44] {thomcbell} fcx moment of truth
[13:46] {Threei} can�t find footing
[13:50] {Threei} Short Setup: CAT 106 breeak
[13:50] {Threei} if stays under .15
[13:51] {dino} meli stop -.31
[13:57] {thomcbell} well Vad i tried on wprt but got stopped - true trigger was tough
[13:57] {dino} esl spike
[13:57] {Threei} yeah
[14:02] {Threei} CAT is valid again
[14:03] {nemo} careful s3 at 105.89, might get a bounce
[14:27] {Threei} ok, this time should finally break
[14:34] {nemo} spy running between s3 and WPP since 11:30
[14:36] {dino} sm l hayn .20
[14:42] {nemo} with S3 on cat just below .90, take a little off...imo
[14:42] {nemo} vlume coming up here too
[14:43] {Threei} this thing just has to have 1:2 in it
[14:43] {Threei} at least
[14:44] {nemo} it doesn't HAVE to have anything
[14:45] {Threei} sigh
[14:45] {nemo} nothing until 105.20 below
[14:47] {Threei} half out
[14:48] {nemo} .71 next support, after that...yahooooooooooooooooo!!!!!
[14:48] {nemo} having said that, this has all the markings of a long now for me
[14:49] {nemo} }05 stop?
[14:49] {Threei} yeah
[14:49] {nemo} you need help, or I do
[14:53] {nemo} frickin' water torture
[14:54] {nemo} good sign, staying under the 2 min 20
[15:00] {nemo} you move your stop down?
[15:03] {Threei} b/e
[15:03] {nemo} yeah
[15:07] {nemo} funny how cat finds the double bottom at the exact same time spy and iwm bounce
[15:07] {nemo} frickin' PPT, damn HFTer's
[15:07] {nemo} oh...sorry vad
[15:09] {Threei} lol
[15:09] {nemo} paint dry yet?
[15:28] {Threei} even so... we nicely fixed the day that looked hopeless in the morning
[15:39] {dino} partial out hayn .00, +.80
[15:40] {Threei} nice
[15:40] {dino} toughy
[15:40] {dino} pulp, all over the place
[15:46] {nemo} nice double bottom on spy and iwm, probably test yesterday's high tomorrow
[15:55] {Threei} ok guys
[15:55] {Threei} thank you all, have a good evening
[15:55] {Threei} see you tomorrow
[16:00] {dino} ty & gn
