Tuesday, March 20, 2012

March 20 2012

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  


Profitable even though boring day. We adjust to slow climb days and manage to squeeze decent profits out of them now. Boredom, well, goes with territory. Fireworks will start when market finally reverses.



Session Time: Tue Mar 20 00:00:00 2012
[08:32] {Les} vad, ya here?
06[08:38] * Les slaps nemo around a bit with a large trout
[08:38] {Les} slap function works
[08:39] {Les} hey Nemo, how do I tune into Vad's calls with a sound alert. I just registered my copy of Mirc, which now allows full functionality
[08:50] {Threei}  hey Les
[08:50] {Les} ooops that doesn't work
[08:50] {Threei}  place a sound file that you want to play in folder:
[08:50] {Threei}  users\user_folder\AppData\Roaming\mirc\sounds
[08:51] {Threei}  where uswer_folder is a folder with the name you gave to your main user
[08:51] {Threei}  then in mirc:
[08:51] {Threei}  Tools -} Scripts Editor
[08:51] {Threei}  Remote tab
[08:51] {Threei}  enter this command
[08:52] {_kvvwebdesign} hello
[08:52] {_kvvwebdesign} i am new - got on a trial
[08:52] {_kvvwebdesign} just hear to check out he live chatroom, and how this all works
[08:53] {nemo} gotta' do something about that nick
[08:53] {Threei}  good morning kvv
[08:53] {Threei}  on *:text:*setup*:#discussions: /splay filename.wav
[08:53] {Threei}  where filename is the name of that file
[08:53] {Threei}  and text is �long setup�
[08:53] {_kvvwebdesign} Threei = realitytrader i assume?
[08:53] {Threei}  correct
[08:54] {Threei}  then repeat the line and replace �short� with
[08:54] {Threei}  �long�
[08:54] {Les} I've just got a beep everytime you type something Vad. Good enough for me.
[08:55] {Les} think I'd need a degree to follow those instructions :)
[08:55] {Threei}  well, this way you are sure not to miss any nugget of wisdom... but might get overwhelmed :)
[08:55] {nemo} that's the best way to do it Les, we know how lazy vad gets with his protocols later in the day
[08:56] {nemo} just turn down the volume when he gets too overbearing
[08:56] {Les} :)
[08:56] {Les} missed too many calls recently
[08:56] {nemo} I get sick of hearing the sound of his hand slapping himself on the back
[09:06] {dptl} morning all
[09:06] {Threei}  dp :)
[09:20] {Beau} good morning you all
[09:20] {Threei}  beau :)
[09:24] {dino} gm
[09:24] {Threei}  dino :)
[09:25] {rambler} gm..
[09:25] {Threei}  rambler :)
[09:27] {andj} Good morning 
[09:28] {Threei}  andj :)
[09:28] {andj} What do you look to do on gap down mornings?
[09:28] {Threei}  sorry andj, no t a good time for theory discussions
[09:28] {andj} ok later
[09:29] {Threei}  FCX opening short first idea
[09:29] {Threei}  either .35 break down if stays under .45
[09:29] {Threei}  or near .50 - .60
[09:30] {Threei}  if took breakdown, 1:1 is here
[09:31] {Threei}  1:2
[09:31] {Threei} Short Setup: SLW  .45 break if stays under .55
[09:32] {Threei}  FCX bounce time nigh
[09:32] {Threei} Long Setup:  FCX  .10 break
[09:32] {Threei}  if stays above .05
[09:33] {Threei}  SLW 1:1
[09:33] {dino} tif sm s .51
[09:33] {dino} cov .14, +.37
[09:35] {Threei} Short Setup: FCX  .05 break
[09:35] {Threei}  if stays under .10
[09:35] {thomcbell} long setup - rig 57.51 break
[09:35] {thomcbell} aggressive entry 
[09:36] {thomcbell} already invalidated 
[09:37] {Threei} Long Setup:  X  .60 break
[09:38] {Threei}  stop .47
[09:38] {Threei}  FCX no go
[09:39] {Threei}  X 1:1
[09:39] {Threei}  should be good for 1:2
[09:39] {Threei}  clssic double bottom
[09:41] {dino} 07 red
[09:41] {Les} l TZA .91 stop under .78
[09:42] {nemo} stopu wuld be under .88 if you ask me
[09:42] {Les} I didn't, but yeh that's a nice tightening of risk
[09:43] {Les} out .99
[09:43] {Les} fcx DB?
[09:44] {dino} gap 36.65 area
[09:45] {nemo} got trend forming on fcx
[09:45] {nemo} that's trading off china
[09:45] {nemo} imo
[09:45] {cipher} tna l .91
[09:45] {cipher} meli l .00
[09:45] {Les} s fcx .99 stop above .15
[09:46] {cipher} out 1/2 tna +.20
[09:48] {Les} 1:1
[09:48] {Threei} Long Setup:  LVS  .50 break half lot
[09:48] {cipher} out remainder tna +.32
[09:48] {Threei}  if stays above .40
[09:48] {dino} adbe sm l .07
[09:49] {Les} 2nd half fcx stopped flat
[09:49] {Les} actually shy of 1:1, but there is half pivot support at .90
[09:49] {cipher} out 1/2 meli .42 +.42
[09:51] {Threei}  wtg
[09:51] {cipher} thx
[09:52] {Threei}  invalidated
[09:52] {cipher} out rest meli .62 +.62
[09:53] {Les} FSC showing dead bats volume
[09:53] {thomcbell} still looking for a rig long entry 
[09:53] {cipher} dead bats?
[09:53] {Les} bats exchange
[09:53] {dino} out adbe .40, +.33
[09:54] {cipher} just used bats np here...
[09:54] {Les} TNA charts like one of Dino's stocks today
[09:54] {rambler} got .30 on ADBE thx dino
[09:55] {nemo} spy sitting on pre market low
[09:56] {dino} ipgp sm l .65
[09:56] {dino} panl blood
[09:57] {thomcbell} rig getting possible shinook 
[09:59] {Threei} Long Setup:  CAT  111 break
[09:59] {Threei}  if stays above .85
[10:00] {Threei}  invalidated
[10:00] {dino} out ipgp .05, +.40
[10:01] {dino} gj rambler
[10:02] {rambler} thx dino, missed on IPGP thou....up getting a coffee...lol
[10:03] {rambler} check PANL...
[10:05] {dino} on it
[10:05] {dino} .75 trig
[10:05] {dino} thing has air gaps
[10:05] {Threei}  more like helim gaps
[10:06] {Threei}  helium
[10:06] {Les} X 31 break?
[10:06] {Threei}  get in one of those, and your voice will be so high pitched...
[10:06] {dino} lol
[10:06] {Threei}  not sure Les
[10:06] {Threei}  was looking at it too
[10:06] {Les} in
[10:07] {Les} half out
[10:08] {Les} stop below .05
[10:08] {dino} panl sm l .75
[10:09] {rambler} fast....missed
[10:09] {Les} all out .19
[10:10] {cipher} gj
[10:10] {Les} http://www.youtube.com/watch?v=OADJl-CVDo0
[10:10] {Les} ty
[10:10] {rambler} PANL went past me like a turbo porsch...
[10:11] {rambler} me standing on the side of the road with my thumb out...
[10:11] {dino} damn missee exit, wanted .15
[10:12] {Les} FSC shows big air pocket panl at .75
[10:12] {dino} out ipgp 2nd time .30, +.35
[10:13] {dino} i see that les
[10:13] {nemo} seller 74 on tif
[10:14] {Les} just confirming my own biases dino :)
[10:15] {dino} ty, appreciate the heads up
[10:15] {thomcbell} long setup rig 57.50 break 
[10:15] {thomcbell} if holds 57.40
[10:17] {Les} l tza .91 stop below .80
[10:17] {thomcbell} rig invalidated 
[10:17] {thomcbell} stopped out -10
[10:18] {rambler} out PANL   +.30
[10:18] {rambler} came back and got me...
[10:19] {Threei}  nice
[10:19] {rambler} felt sorry for me ..
[10:20] {Les} well there you go. air pocket was filled
[10:20] {dino} gj
[10:20] {rambler} MYGN rop
[10:20] {rambler} drop
[10:21] {Les} half out tza .99
[10:22] {Les} stop to b/e
[10:27] {Les} stop flat
[10:27] {Les} dive under 62 for TNA entry vad?
[10:28] {Les} or near to?
[10:29] {Threei}  feels right
[10:29] {Les} l tna .02
[10:30] {Les} stop is under .80 sm s
[10:31] {rambler} enough volume for you on MYGN dino...or to thin?
[10:33] {Les} out flat
[10:33] {Les} hit 1:1 briefly. I missed
[10:33] {Les} macd rollover
[10:34] {dino} plenty
[10:34] {dino} i'll trade anything over 50k
[10:34] {rambler} ok
[10:34] {Les} son of a bunny
[10:35] {rambler} seemed pretty slow there for a while..
[10:35] {rambler} any news on MYGN..?
[10:36] {Threei}  yes
[10:36] {Threei}  Myriad Genetics Inc Weakness attributed to US Supreme Court decision to invalidate various patents for Prometheus diagnostic tests ***Reminder: Back in early 2010, a US district court judge ruled Myriad's patents related to breast and ovarian cancer detection methods are invalid. In December 2010, a US appeals court rules diagnostic tests can be patented. Decisions concerned a case between Prometheus Labs and the Mayo Clinic.
[10:36] {rambler} ouch...tks V
[10:36] {dino} mygn drop
[10:41] {dino} sm l .75 mygn
[10:43] {dptl} got to leave early....have a good rest of a day all
[10:44] {Threei}  take care dp
[10:45] {thomcbell} fcx the real shinook
[10:47] {Threei}  (US) White House responds to recent budget proposal by House Rep Ryan (R-WI); proposal fails fairness tests and undermines medicare
[10:47] {Threei}  fairness test eh
[10:47] {Les} l tna .15 stop below 62
[10:48] {Les} half out .34
[10:48] {dino} out mygn .85, +.10
[10:51] {Les} stop below .30
[10:51] {thomcbell} fcx almost kangaroo here vad on the 1min
[10:51] {Les} all out .49 +.29
[10:51] {cipher} wtg
[10:52] {Les} ugh
[10:52] {Les} .34
[10:52] {Les} sorry
[10:52] {Les} ty
[10:52] {thomcbell} near 39.13 pivot i willo look for a double top to form on fcx
[10:52] {Threei}  that doji puts .90 as a short trigger tbell
[10:53] {Threei}  if stays belo 39 of course
[10:55] {Les} aikido time. C u's tomorrow
[10:55] {nemo} thanks for the warning
[10:55] {Threei} Short Setup: FCX  .90 break
[10:56] {Threei}  take care les
[10:59] {Threei}  feel free to take scalp as you see fit
[10:59] {Threei}  tough time for a follow throuigh
[11:00] {dino} amrn spike
[11:02] {dino} news?
[11:02] {dino} damn can't norrow
[11:02] {Threei}  not that I see
[11:02] {dino} borrow
[11:03] {cipher} +.28 amrn short thx dino
[11:03] {dino} gj
[11:03] {cipher} was quick
[11:03] {Threei}  ahha
[11:03] {rambler} Amarin patent allowed
[11:03] {Threei}  598 patent allowance
[11:04] {Threei}  Raven, you here?
[11:04] {Threei}  http://goo.gl/uFYbL
[11:05] {Threei}  and http://goo.gl/dVlzF
[11:07] {Threei} Long Setup:  TNA  .80 break
[11:08] {Threei}  invalidated
[11:09] {nemo} figures...I'm thinking it's tza's time
[11:11] {Threei} Long Setup:  TNA  .5 break
[11:11] {Threei}  if stays above .40
[11:12] {Threei}  1:1
[11:14] {dino} mygn sm l .24
[11:21] {Threei}  is market trading at all?
[11:22] {dino} indeed
[11:38] {dino} veco
[11:38] {dino} panl drop
[11:38] {dino} veco gap fill
[11:40] {dino} veco sm l .45
[11:45] {dino} mygn stop -.15
[11:48] {Threei} Short Setup: FCX  .80 break
[11:49] {Threei}  stop .86
[11:50] {dino} 07 red
[11:51] {Threei}  half out
[11:51] {Threei}  scalpers take profit
[11:55] {dino} mako spike
[11:56] {nemo} l tna .61
[11:57] {dino} panl sm l ave .66
[11:57] {nemo} 1/2 .74
[11:59] {nemo} stop is .59
[12:01] {nemo} might ad above .80
[12:01] {nemo} add
[12:02] {Threei}  FCX was unexpectedly easy for this time od the day
[12:03] {Threei}  gotta look around more, things are dead but not completely dead
[12:03] {nemo} half 2nd lot here
[12:03] {nemo} got full lot, average .71
[12:03] {nemo} stop is .79
[12:05] {nemo} taking half here .15
[12:06] {nemo} raising stop to .89
[12:07] {Threei}  nice
[12:07] {nemo} ty
[12:07] {nemo} spy strength was the key for me
[12:08] {nemo} let's see if my raised stop gets me again
[12:09] {nemo} stop is .99
[12:09] {nemo} look 15 minute spy and iwm, this is looking bullish
[12:11] {nemo} v
[12:12] {nemo} V on the bid moving up
[12:14] {nemo} out, now lets see if I should have kept my stop at .89
[12:14] {nemo} yep
[12:14] {nemo} shit
[12:14] {nemo} damn
[12:14] {nemo} bastid
[12:15] {nemo} l .37 anf
[12:15] {nemo} scalp playing vwap bounce
[12:16] {nemo} would like .50
[12:18] {nemo} phewwww, 1/2 out
[12:20] {nemo} stop to .39 lunchtime
[12:20] {nemo} cat interesting when it breaks this range
[12:20] {nemo} whichever way
[12:21] {nemo} o.k. imo spy strenghthens, watch tna long above .80
[12:21] {nemo} if spy weaknes it probably bottoms around .05
[12:22] {nemo} gnite anf, thank you for playing
[12:23] {Threei}  for paying too
[12:24] {nemo} silly me, i played it long into the 1min 20 sma, when it dropped, considering it's been dropping, should have taken it short
[12:31] {dino} panl to .96
[12:32] {dino} to .02
[12:33] {dino} to .09
[12:33] {dino} ]out .07 slip, +.41
[12:36] {dino} adbe sm l .05
[12:36] {nemo} long tna .71
[12:36] {nemo} stop under .60
[12:38] {dino} sohu spike
[12:38] {nemo} 1/2. 82
[12:39] {nemo} spy gonna' run imo
[12:40] {nemo} stop is .68
[12:43] {nemo} interesting though,staples are closer to the top of their range than any other tracking stock
[12:44] {nemo} oy
[12:44] {nemo} snatched defeat from the jaws of victory
[12:48] {nemo} well, so mch for spy ripping, vwap just above 140
[12:56] {dino} .
[12:56] {nemo} o.k. ripping scenario looking better again
[12:56] {Threei}  you think?
[12:57] {nemo} how dare you ask me that!
[12:57] {Threei}  could just as easily be another headfake
[12:57] {Threei}  sorry
[12:57] {nemo} The odds still favor ursine sodomy
[12:57] {Threei}  lol
[13:00] {dino} hstm spike
[13:00] {dino} sm s .93 ave
[13:01] {dino} eza spike
[13:01] {dino} over
[13:01] {rambler} wowzer...
[13:14] {dino} veco to b/e
[13:15] {dino} make it .55
[13:16] {dino} out +.10 veco
[13:22] {dino} agq blood
[13:22] {dino} uslv drop
[13:29] {nemo} l tna .31
[13:30] {nemo} stop is spy under .26
[13:32] {dino} adbe stop -.06
[13:37] {nemo} out
[13:45] {dino} cov hstm ave .54, +.39
[13:46] {dino} brb
[13:49] {rambler} wife and daughter just left for 2 days....
[13:49] {rambler} heading up island...
[13:50] {rambler} just me and the dogs....peace, tranquility.....
[13:50] {Threei}  so lock the doors from inside
[13:51] {rambler} quiet.....just like the fricking stock market...
[13:51] {rambler} already done....
[13:52] {Threei}  I mean in two days
[13:52] {rambler} lol...
[13:52] {rambler} just in case they come back early...
[13:53] {rambler} in two days I change the locks....
[13:53] {Threei}  ahha
[13:53] {Threei}  very proactive approach
[13:53] {Threei}  nemo... are you proud?
[13:54] {nemo} rambler?
[13:54] {nemo} my kinda guy
[13:54] {nemo} now he just has to get a bunny
[13:54] {Threei}  lol
[13:54] {rambler} lol
[13:54] {nemo} and claymores for the front yard
[13:54] {nemo} 5 or 600 lbs of lime, and a small backhoe
[13:54] {Threei} Long Setup:  TNA  .0 break
[13:54] {Threei}  .40
[13:55] {Threei}  stop under .30
[13:55] {Threei}  target .65
[13:56] {nemo} fcx .00 break?
[13:57] {Threei}  yup
[13:57] {Threei}  both plays depend on SPY 120.40 break
[13:57] {Threei}  here it comes
[13:57] {Threei}  now give us some follow through
[13:57] {Threei}  and we should be moving along
[13:59] {Threei}  1:1
[14:00] {rambler} pisses me off when I don't get filled...
[14:00] {Threei}  it returned twice to pick up late passengers!
[14:01] {rambler} had my order in...
[14:01] {Threei}  I don�t get it
[14:01] {rambler} on the sell
[14:01] {Threei}  oh
[14:01] {Threei}  .50?
[14:01] {rambler} yup
[14:01] {Threei}  strange... it went to .51
[14:02] {Threei}  took out all .50 orders
[14:02] {Threei}  can it be that you route in a way that can be overriden?
[14:02] {Threei}  no route out
[14:03] {Threei}  so your fill depends on particular ECN only
[14:03] {rambler} I don't know....all I know is I'm still l;ooking at it....
[14:03] {Threei}  laser?
[14:03] {rambler} sterling
[14:04] {Threei}  ah ok, I don�t know anything about their routing
[14:10] {rambler} stop TNA    -,11
[14:10] {nemo} if he's set up to hidden orders, others can step in front of him
[14:15] {Threei}  (MX) Magnitude 7.9 earthquake reported in Mexico, near Acapulco; buildings said to be shaking in Mexico City- Epicenter said to be 21 miles south of Guerrero, off the coast of southern Mexico. Acapulco is the largest city in that state.
[14:15] {Threei}  what just happened?
[14:15] {Threei}  no news
[14:15] {nemo} Bernanke
[14:16] {Threei}  FCX marches to 1:1
[14:21] {Threei}  here is what Ben said but that was about 25 min ago
[14:21] {Threei}  (US) Fed's Bernanke: History shows that the central bank should not move too quickly to remove accomodation following a recession - GWU speech- Notes the Gold Standard wouldnt be appropriate from a policy and practicality rationale
[14:24] {Threei}  rare case when I agree with Ben
[14:26] {nemo} yhoo
[14:34] {Threei}  watchning TNA for pullbacl entry
[14:35] {Threei}  missed
[14:36] {Threei}  spiked with no indication
[14:36] {dino} gsvc sike
[14:36] {dino} spike
[15:15] {dino} pain in azz, out meli .38, +.34
[15:39] {Threei} Long Setup:  TZA  .75 break
[15:40] {Threei}  stop .67
[15:45] {Threei}  1:1
[15:46] {rambler} you partial Vad...?
[15:46] {Threei}  yes
[15:46] {rambler} k
[15:47] {Threei}  trying to squeeze some morwe for all the boredom we had to endure
[15:47] {rambler} I concur...
[15:51] {Threei}  1:2
[15:51] {Threei}  pleasant way to finish the day
[15:51] {rambler} you bet.....tks V
[15:52] {Threei}  sure thing
[15:52] {rambler} I had some frustrating moments today...lol
[15:53] {nemo} sheesh...his wife and kids leave
[15:53] {Threei}  something isn�t right with the way your orders are being entered in the marketplace
[15:53] {nemo} That would make appendicitis a joy
[15:53] {rambler} on my wat to the liquor store in 7 minutes...
[15:53] {rambler} way
[15:54] {dino} enjoy rambler
[15:54] {Threei}  hmmm... you ,ean they left withoyt sdtocking your liquor cabinet first?
[15:54] {Threei}  lock that door!!!
[15:54] {dino} gn all, thx for ideas. very good day for me.
[15:54] {Threei}  take care dino :)
[15:54] {rambler} not sure Vad, probably something I did....
[15:55] {dino} ;)
[15:55] {rambler} cya dino...
[15:56] {rambler} my wife took it with her....lol
[15:56] {rambler} all good, thanks all...
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening
[15:58] {Threei}  see you tomorrow