Somewhat shaky start to the day turned into steady nice trading with a few wins in a row. Ended up nicely on a profitable side, with trades distributed over entire day, not as heavily concentrated in the morning as usually.
Session Time: Mon Mar 26 00:00:00 2012
[09:01] {Threei} let�s remain in denial pretending it�s still weekend
[09:01] {dptl} morning all
[09:01] {Threei} dp :)
[09:03] {Les} With change of hour to summer time yesterday, I'm ready to believe it
[09:04] {Les} need sleep
[09:05] {Threei} how to make them stop this jerking around... if summer time saves money, switch to it once and dtay there... if not, stay on winter time... but for pete�s sake, stay on any of them forever. without this twice-a-year exercise
[09:11] {ese} mornin all....italian guy is back
[09:11] {ese} well....not really an italian guy but you know what i mean
[09:11] {Threei} ese!
[09:11] {Threei} welcome back
[09:11] {ese} hey vad...tks
[09:12] {ese} I think I wanna trade from an apartment in Rome
[09:12] {Threei} so that�s who brught sunshine
[09:13] {ese} maybe....the weather in italy was awesome for all 2 weeks we were there
[09:14] {Beau} good morning you all
[09:14] {ese} B
[09:14] {MigC} good morning
[09:15] {ese} MC
[09:15] {Threei} beau, migc :)
[09:16] {Threei} Bernanke: The accommodative policy beatings will continue until morale improves
[09:17] {dino} gm
[09:17] {Threei} dino :)
[09:17] {ese} this coming from a guy who has no idea how to build moral
[09:17] {ese} big D
[09:17] {Threei} D?
[09:17] {nemo} gap up morning Quarter End window dressing...sitback and relax
[09:18] {dino} :D
[09:18] {ese} dino
[09:18] {dino} welcome back buddy
[09:18] {Threei} lol
[09:18] {ese} NEMOOOOOOOOOO!!!!!!!!!!!! BABYYYYYYYYYYYYY!!!!!!!!1
[09:18] {Threei} gosh, visiting Italy sure makes ese emotional :)
[09:19] {Threei} ese, noticed who else is back?
[09:19] {ese} tiks dino........i ain't gonna be doing nothin but followin trades until i get my sea legs back
[09:19] {Threei} hint: starts with �d� as well
[09:20] {ese} MAGS!
[09:20] {Threei} hnnn
[09:20] {Threei} how mags starts with d?
[09:20] {ese} NOOOOOO!!!!!!!!! It
[09:20] {Threei} lol
[09:20] {ese} s DP!!!!!!!!!!!!!!
[09:20] {Threei} there you go
[09:21] {ese} DDDDDDPPPPPPPP!!!!!!!!!!!!! BABYYYYYYYYYYYYYYYY!!!!!!!!!!!!!
06[09:21] * Threei slaps dptl around a bit with a glass AK-47 filled with vodka
[09:21] {dptl} lol.....to much capuchino Ese eh...?
[09:21] {ese} rotflol!
[09:21] {Threei} taken intravenously too
[09:22] {Threei} ok guys, let�s make a working assumption for the open
[09:22] {ese} espressos....definitely taken intravenously
[09:22] {Threei} my best guess is:
[09:22] {Threei} sharp downtick out of the gate,
[09:23] {Threei} little hesitance, then biunce back to the high, consolidation and break to new highs
[09:23] {rambler} gm..
[09:23] {ese} whats mrkt been like the last 2 weeks vad? up ish....dn ish?
[09:23] {Threei} rambler :)
[09:23] {ese} R
[09:23] {Threei} up or sideways
[09:24] {ese} hmmmmmmm.....ok ....things are improving
[09:24] {Threei} ideally, this would translate into this play:
[09:24] {Threei} FCX, if stays in 39 - 39.10 range, is to be shorted on 39 break, half lot,
[09:24] {Threei} covered around .75 - .80
[09:25] {Threei} bought long arounf .90 after estasblishing the bottom,
[09:25] {Threei} for a jump to about 39.20 - .30
[09:26] {Threei} if there are changes to this scenario I�ll try to comment as they come
[09:29] {ese} Ok.......let me see.......what the heck is an alert again?
[09:29] {Threei} also, TZA .20 break
[09:29] {Threei} if stays above .10
[09:31] {Threei} hectic up and down
[09:33] {Threei} no clear ranges yet
[09:33] {Threei} Short Setup: FCX .05 break
[09:33] {Threei} if stays under .15
[09:34] {Threei} 1:1
[09:34] {Threei} Long Setup: TZA .15 break
[09:35] {Threei} if stays above .05
[09:35] {Threei} FCX 1:2
[09:35] {Threei} out
[09:35] {Threei} looking for long now
[09:36] {Threei} trail TZA to .09
[09:36] {Threei} out
[09:37] {Threei} Long Setup: FCX .95 break
[09:37] {Threei} if stays above .85
[09:38] {Threei} target .20
[09:38] {ese} in
[09:38] {ese} .96
[09:40] {Threei} no go
[09:40] {ese} stopped
[09:40] {ese} .02
[09:43] {Les} l tza .11 stop below .05
[09:45] {Threei} Long Setup: LVS .60 break
[09:45] {ese} going with that to L .10 tza
[09:45] {Threei} half lot
[09:45] {Threei} if stays above .50
[09:46] {Threei} target 1:2
[09:49] {Threei} 1:1
[09:50] {dino} calm drop
[09:50] {Les} hafl out .16
[09:51] {ese} 1/2 .16
[09:51] {ese} tks Les
[09:51] {Les} np
[09:52] {Threei} Long Setup: SLW 34 break
[09:52] {Les} all out .18 gotta run
[09:53] {ese} full .18
[09:53] {ese} tks again les
[09:54] {Threei} if stays above .90
[09:56] {Threei} invalidated
[09:58] {Threei} SPPY is hesitant
[09:58] {Threei} -P
[09:59] {Threei} but feels like breakout is coming
[09:59] {Threei} Long Setup: FCX .80 break
[09:59] {Threei} if holding .70
[09:59] {Threei} pending home sales are bad
[10:00] {Threei} - .5% V 1.0
[10:00] {Threei} FCX invalid
[10:01] {Threei} market will shake it off
[10:02] {Threei} let�s wait out a bit
[10:03] {Threei} this is bear trap I believe
[10:03] {Threei} Long Setup: TNA .40 break half lot
[10:04] {Threei} stop under .30
[10:05] {Threei} 1:1
[10:07] {Threei} 1:2, out
[10:07] {dino} bwld
[10:07] {Threei} LVS almost 1:2, out
[10:08] {Threei} Short Setup: CAT 109 break half lot
[10:08] {Threei} if stays under .10
[10:09] {Threei} no go
[10:10] {Threei} TNA... out too soon
[10:10] {Threei} bear trap is closing
[10:11] {ese} thats an interesing stock dino.....Buffalo Wild Wings....what do they do
[10:11] {Threei} materials are amazingly weak
[10:11] {Threei} look at FCX, SLW, X
[10:13] {dino} restaurant, like tgif
[10:13] {ese} tks
[10:13] {Threei} TZA for scalp, .95 break
[10:14] {Threei} ese, your kind of play
[10:14] {Threei} stop under .90
[10:17] {Threei} takes too long
[10:17] {Threei} liking it less
[10:18] {Threei} yeah, no worky
[10:20] {Threei} Long Setup: MOS .50 break
[10:21] {Threei} if loses .40, look for double bottom entry around .20
[10:22] {Threei} LVS
[10:22] {Threei} sharp drop
[10:22] {Threei} Long Setup: LVS .20 break
[10:22] {Threei} half lot
[10:22] {Threei} stop under .10
[10:23] {Threei} 1:1
[10:23] {Threei} LVS Hearing Wells Fargo makes cautious comments on LVS and WYNN
[10:24] {Threei} MOS is valid still
[10:25] {Threei} LVS 1:2, out
[10:26] {Threei} MOS invalidated
[10:28] {Threei} Long Setup: MOS .25 break
[10:29] {Threei} if stays above .20 scalpers, .15 day traders
[10:30] {Threei} *(US) MAR DALLAS FED MANUFACTURING ACTIVITY: 10.8 V 16.0E
[10:32] {Threei} out LVS too soon
[10:32] {Threei} keep underestimating these bounces
[10:33] {Threei} scalpers win on MOS
[10:37] {Threei} Long Setup: MON .20 break
[10:37] {Threei} if stays above .10
[10:39] {Threei} needless to say...
[10:40] {nemo} tza should be good for .10
[10:44] {Threei} Long Setup: LVS .40 break
[10:44] {Threei} if stays above .30
[10:47] {Threei} 1:1
[10:48] {ese} off to the workin world....cya tomorrow
[10:48] {Threei} take care ese
[10:49] {dino} got booted.
[10:49] {Threei} 1:2
[10:49] {Threei} out
[10:49] {dino} went l sm sina .00 to .30
[10:52] {Threei} 1:3.... too soon again
[11:23] {Les} l x .22 stop below .10
[11:25] {dino} gremlins today
[11:25] {Threei} yeah, I saw you dropping of the boat
[11:26] {dino} windy, maybe thats an issue
[11:27] {Les} tighten to below .15 x
[11:28] {nemo} cat
[11:28] {nemo} s
[11:28] {nemo} .69
[11:28] {Threei} Ontario, Canada's top court legalizes brothels, pimping in move to protect prostitutes
[11:29] {Les} big thumbs up
[11:29] {Threei} Long Setup: GDX .55 break
[11:30] {Les} where did clients take it previously?
[11:30] {Threei} to Amsterdam
[11:30] {Les} :)
[11:30] {dino} vegas area
[11:31] {Threei} stop under .45
[11:31] {Les} out x flat
[11:33] {Threei} here are details Les
[11:33] {Threei} Ontario, Canada's top court legalizes brothels, pimping in move to protect prostitutes
[11:33] {Threei} http://www.theglobeandmail.com/news/national/ontarios-top-court-legalizes-brothels-pimping-in-move-to-protect-prostitutes/article2381372/
[11:34] {dino} ushs sm l .05
[11:34] {Threei} canadian law is a very strange creature ikn this regard
[11:34] {Les} details don't interest me vad, just the hookers...
[11:34] {Threei} prostitutio itself is legal but soliciting is not
[11:34] {nemo} 1:1 cat
[11:34] {Les} huh?
[11:34] {Threei} yup :)
[11:34] {Les} so it's like door to door marketing then?
[11:35] {dptl} lol
[11:36] {dino} lol
[11:36] {nemo} Hoovering
[11:38] {Les} out gdx flat
[11:38] {Les} slw selling off
[11:38] {Les} rejected at vwap resistance
[11:44] {Les} slw short of .90 if holding below .00?
[11:44] {Threei} I�d prefer a long on 34 break
[11:44] {Les} ok
[11:45] {Beau} vad, gdx stp still 44
[11:45] {Beau} ?
[11:45] {Threei} can be trailed to .49... kind of personal preference
[11:46] {Beau} thx
[11:48] {Les} C&H fcx?
[11:48] {nemo} frickin cat rinsed me
[11:49] {Threei} yes
[11:49] {Threei} and SLW break looks better and better
[11:49] {nemo} lunch time
[11:49] {Les} MACD indicators really suck on both
[11:52] {nemo} no momentum since 10:00 in market
[11:53] {dino} ushs stop .96 -.09
[12:00] {dino} rinsed
[12:01] {nemo} http://www.washingtonpost.com/world/europe/spanish-police-arrest-22-gang-members-that-tattooed-bar-codes-onto-prostitutes-wrists/2012/03/24/gIQAil7AYS_story.html?tid=pm_pop
[12:08] {nemo} spy and iwm highs are very strong resistance levels
[12:11] {Threei} Short Setup: LVS .95 break
[12:11] {Threei} if stays under 59
[12:12] {Threei} invalid
[12:13] {Les} RIG insanity this morning. I call that the super-maxi chart pattern
[12:13] {Les} vies with sydney opera house short setup
[12:14] {Les} s RIG here?
[12:14] {Threei} .30 was better trigger
[12:16] {Les} more faith in my MACD multi time frame alignments. SLW was a short
[12:16] {Les} perhaps long here
[12:21] {Les} sm l X .27 stop below .15
[12:21] {nemo} lunch time
[12:21] {nemo} don
[12:21] {nemo} don't
[12:22] {nemo} ask yourself if you are pushing a trade
[12:23] {Les} you sound like an AA leader
[12:23] {nemo} everything is AA
[12:27] {nemo} spy and iwm might be a long
[12:30] {nemo} .10 vwap iwm
[12:30] {nemo} next support .92
[12:31] {nemo} l tna .45 stop under .40
[12:32] {nemo} not giving this much time
[12:32] {nemo} hah! talk about needing to take a trade
[12:32] {nemo} spy at morning resistance tna at vwap
[12:33] {nemo} spy vwap at .88 could be a problem
[12:35] {nemo} 1:1
[12:36] {nemo} 1:2
[12:36] {nemo} stop to .48
[12:38] {nemo} oh well, scalp kinda
[12:40] {Les} X no go
[12:41] {Threei} LVS short worked fine... should have revalidated it
[12:46] {Threei} Long Setup: X .20 break if stays above .15
[12:46] {nemo} same for tna
[12:46] {Threei} TNA is rather .15 break long
[12:48] {Threei} wow
[12:48] {Les} yeh right
[12:48] {nemo} took .22
[12:48] {Threei} X
[12:48] {Threei} long here
[12:48] {Threei} stop under .10
[12:49] {nemo} 1/2 out .37 tna
[12:49] {Threei} nice one
[12:50] {Threei} Long Setup: FCX .65 break
[12:50] {Threei} if stays above .60
[12:51] {nemo} stop to .19
[12:52] {Threei} FCX target around .75 - .80
[12:52] {Threei} X around .35 - .40
[12:52] {nemo} vwap .72
[12:52] {nemo} on fcx
[12:55] {nemo} stop .24
[12:56] {Threei} come on, both of you, spring is coiled
[12:58] {Les} half fcx off here vwap
[12:58] {nemo} yeah
[12:58] {Les} .80 is 50% fib retrace resistance
[12:58] {Threei} vwap whimps
[12:59] {Les} :'( sniff
[12:59] {Threei} lol
[12:59] {nemo} lunch time
[13:01] {nemo} out remainder tna
[13:02] {Threei} target hit FCX
[13:03] {Threei} out .77
[13:03] {Les} out ty
[13:03] {Threei} triple lot
[13:03] {nemo} my target .90ish
[13:04] {Threei} who would have thought, lunch time trades come easier than morning ones
[13:04] {nemo} on such a big gap up, why would they be harder?
[13:05] {Threei} hmmm
[13:05] {Threei} I don�t see the logic
[13:05] {Threei} but then again...
[13:05] {Les} cause we had to wait for the dip
[13:05] {nemo} weird, tsla breaking to new highs
[13:05] {Threei} but there was no dip
[13:05] {Les} retrace to support... whatever
[13:05] {Threei} X 1:1
[13:06] {nemo} fcx offer
[13:06] {nemo} taking another quarter here
[13:07] {nemo} but if it breaks that, might add
[13:12] {Les} all out x .34 ty sir
[13:12] {Threei} X at target, out
[13:12] {Threei} day becomes better
[13:13] {rambler} yup...tks Vad...got X and FCX
[13:13] {Threei} :)
[13:13] {Threei} the only regret is not gettikng back to revalidate that LVS short
[13:13] {rambler} In SIGA as well...3.17
[13:14] {rambler} long
[13:14] {Beau} vad how close do you trail stp. after 1:1 x example
[13:15] {Threei} to under b/e
[13:25] {rambler} holding last bit SIGA, out rest...av +.20
[13:25] {Les} I'm not a daytrader. 1 sec too late with .26 tna bid
[13:25] {Les} nice descending triangle iwm is breaking out of
[13:26] {Les} with vwap .25 buy trigger. Should have spoken up for those with faster fingers
[13:27] {Les} FDX
[13:27] {Les} .50 break long?
[13:28] {Threei} I think so
[13:28] {Threei} FCX at nemo�s target
[13:34] {Threei} 1:1 FDX
[13:35] {Threei} good find les
[13:36] {Threei} lol
[13:36] {Threei} you can surf the net and write emails with voice recognition on the Transformer
[13:36] {Threei} let me tell you
[13:37] {Threei} this thing doesn�t understand me at all
[13:37] {dino} lol
[13:37] {Threei} the way it interprets what I say can deliver hours of laughter
[13:38] {Threei} wife almost called nearest institution after seeing me talking to my tablet, listening to it answsering and laughing maniacally
[13:43] {dino} bvsn blood
[13:43] {dino} down about 18 in 4 days
[13:44] {nemo} bidu at 150
[13:51] {dino} tast spike
[13:55] {Threei} interesting decoupling happens today
[13:55] {Les} bonds and equities?
[13:55] {Threei} no, index and individual names
[13:55] {Les} example?
[13:55] {Threei} look how immobile SPY is, yet the amplitude of FCX move is quite enough for a good play
[13:56] {Threei} LVS, same
[13:56] {Threei} CAT
[13:56] {Threei} see what I mean?
[13:57] {Les} ja
[13:57] {dino} tast sm s .10
[13:57] {Threei} I like it
[13:58] {Threei} if this pattern holds and this becomes new norm (actually, return to old norm is better word, it used to be a case before market became very uniform) we will have more toys to play with while market stalls
[14:00] {rambler} SIGA to .60
[14:02] {nemo} fcx long break of .82?
[14:03] {nemo} if not, bounce play around .74
[14:03] {Threei} I�d prefer a downtick or two more, then .80 break long with stop under .75
[14:10] {Threei} ...and out here for scalpers, partial for day traders
[14:11] {nemo} mmmhhhh gmcr coughing up a furball
[14:15] {Les} nasty furball
[14:15] {Threei} GMCR Founder Stiller said to have sold shares in mid february period ahead of SBUX product announcement in early March - financial press
[14:15] {Les} naughty
[14:16] {Threei} Financial press says GMCR declines to comment on when it was informed of SBUX Verismo coffee machine plans; Founder Stiller sold 1M shares
[14:20] {rambler} out last bit SIGA +.33
[14:20] {dino} gj
[14:20] {Threei} nice
[14:21] {rambler} tks dino....day looking better...
[14:21] {Threei} Canadians bought 20.3B woth of alcohol in 2011
[14:21] {dino} slow one for me, these big gap up opens not my thing
[14:21] {Threei} hmmm... dp took a year off I guess
[14:22] {dptl} lol...
[14:24] {Les} ¨X
[14:24] {Les} .45 break?
[14:24] {Les} or on a pullback
[14:24] {Threei} I don�t like this lag
[14:24] {Les} ok
[14:25] {Threei} doesn�t act like faithful follower
[14:25] {Les} my sorta gal
[14:26] {Les} tlt breaking out
[14:27] {Les} TZA long here at support?
[14:28] {Threei} .80 break
[14:28] {Threei} risk is so small, why not
[14:35] {Threei} scalpable :)
[14:36] {Threei} quite a few scalps type I today
[14:41] {Les} out +.04... wanted .89
[14:42] {rambler} me too...lol
[14:42] {Les} SPY bouncing off uptrend line
[14:44] {Les} spy dt here?
[14:47] {Threei} no indication either way
[14:47] {nemo} I don't think so, spy has weekly R1 support at .10 and daily R3 resistance at .40
[14:48] {Les} what does the crystal ball say?
[14:48] {Les} ok
[14:50] {dino} imo, up, end of quarter games
[14:50] {nemo} market stays elevated until next earnings begin to play out
[14:51] {dino} which s april
[14:51] {nemo} yep
[14:51] {nemo} but it will take a while
[14:52] {nemo} I figure it's gonna' be the first "normal" year in a while. Barring exogenous crises, "Sell in May and go away"
[14:53] {dino} dk, the rest of europe may blow up
[14:53] {nemo} I realize that Dino, thus my caveat
[14:54] {dino} wild card is, do they just print/inflate it away
[14:54] {nemo} of course, what else can they do
[14:54] {Les} stop printing
[14:56] {Les} wowo long .91 out half .99
[14:56] {Les} tna
[14:56] {nemo} spy going to .40
[14:57] {Threei} Long Setup: CAT .65 break
[14:57] {Threei} hl
[14:58] {Threei} stop under .55
[14:58] {dino} kof spike
[15:00] {Les} last 3rd TNA out flat
[15:03] {Threei} 1:1
[15:04] {Threei} 1:2
[15:04] {Threei} out
[15:04] {Les} damn your fast
[15:04] {Les} you're
[15:04] {Threei} had order in
[15:04] {dino} thats what she said
[15:04] {Les} lol
[15:05] {Les} yeh was setting up last 3rd for closer to .99
[15:05] {Les} tooooo slow
[15:09] {Les} SLW
[15:09] {Les} just broke vwap. a little consolidation and cross of 34?
[15:10] {Threei} not sure
[15:14] {Threei} becomes better play now
[15:16] {Les} 2 way play?
[15:17] {Threei} only if SPY drops like the world ends tomorrow
[15:17] {Les} hmmmm
[15:22] {dino} cov tast .04, +.06, thing won't drop
[15:23] {Threei} Long Setup: TZA .75 break
[15:33] {Threei} TZA 1:1
[15:38] {Threei} 1:2, out
[15:38] {Les} ty sir
[15:38] {Threei} :)
[15:39] {rambler} still waitin @ .89 last bit
[15:39] {Les} dt on SPY it was
[15:43] {Les} might need to put an after hours order in rambler
[15:44] {rambler} looking like it...
[15:47] {rambler} out last bit @ .83....tks V
[15:47] {Threei} :)
[15:49] {dptl} have a good evening all
[15:49] {Threei} take care dp
[15:53] {Threei} OK guys, I believe we have righted this day admirably
[15:53] {Threei} thank you all, have a good evening
[15:53] {Threei} see you tonorrow
[15:53] {Les} cheers
[15:54] {rambler} cya all in the a.m.....
[15:55] {dino} thx all, gn
