Session Time: Fri Apr 13 00:00:00 2012
[09:08] {dptl} good morning
[09:08] {Threei} morning dp
[09:09] {nemo} I can't take it
[09:09] {Threei} you woyuld have heart attack yesterday
[09:09] {Threei} you were late, these goodmorningers were roaming free
[09:10] {nemo} makes me homicidal
[09:15] {rambler} gm..
[09:15] {Threei} rambler :)
[09:19] {dino} gm
[09:19] {Threei} dino :)
[09:20] {Beau} good morning you all
[09:20] {Threei} beau :)
[09:23] {ese} morning.......
[09:23] {Threei} ese :)
[09:23] {Threei} what did you do in Utaly? Etna erupts for the third time this year
[09:23] {Threei} Italy
[09:26] {Threei} so, china numbers indicated slowdown
[09:26] {ese} eat alot and visited Rome, Bologna, Pisa,Orvieto, Siena, Venice, Milan and Lake Come
[09:26] {Threei} now we are going to have a camp selling on this, and a camp buying in expectations of China easing in response
[09:26] {ese} china is not high on my list of places to visit
[09:26] {Threei} lol
[09:27] {Threei} well, something of that did anger Etna...
[09:28] {Threei} materials should be weak on this
[09:28] {ese} we were kinda hoping that it would go nuts while we were there so that we'd be forced to stay
[09:29] {Threei} watching X and FXC for short entries
[09:29] {nemo} wouldn't surprise me to be a very flat day
[09:29] {ese} me either
[09:29] {thomcbell} but china lowered their reserve requirements - that is bullish
[09:29] {Threei} yes
[09:30] {Threei} I just wonder for how long it can grow at a pace of 8-9% a year (providing numbers are true)
[09:31] {dino} decade
[09:32] {Threei} Short Setup: X .80 break
[09:32] {Threei} hl
[09:33] {Threei} ummm
[09:34] {Threei} Short Setup: X .90 break
[09:34] {Threei} hl still
[09:34] {Threei} if styas under 29
[09:35] {Threei} if you got it, get out here
[09:36] {thomcbell} fcx looking like a long thru 37.42 vad
[09:37] {Threei} need to consolidate a bit
[09:37] {Threei} aww X
[09:37] {Threei} chickened out too soon
[09:37] {Threei} Long Setup: FCX .40 break
[09:38] {Threei} if holding .30
[09:40] {Threei} Long Setup: SLW .25 break
[09:40] {Threei} if holding .20
[09:40] {Threei} too fast?
[09:40] {Threei} don't chase, let it pull back
[09:41] {Threei} FCX is ready
[09:42] {Threei} anyone caught SLW, exit here
[09:43] {Threei} some stubborn seller at .40 on FCX
[09:43] {Threei} if/when he lifts the lid, stock explodes
[09:44] {Threei} invalidated for now
[09:48] {Threei} keep LNG on radar
[09:48] {ese} dino opinion on the way MITK has been trashed last 6/7 days......
[09:48] {Threei} for long on pullback
[09:49] {Threei} MITK is a scary and unclear story, ese
[09:49] {ese} tks
[09:49] {dino} ok
[09:49] {Threei} Long Setup: LNG .10 break hl
[09:50] {Threei} if stays above 17
[09:50] {dino} 6.37 r1 mitk
[09:50] {ese} nice short covering move of off 6.00
[09:50] {Threei} I doubt anyone hasd a chance to get in
[09:51] {Threei} if took it aggressively, start partialing out here
[09:51] {dino} breaks that, long w/ stop at .10 pivot
[09:53] {ese} thing of beauty vad...well done
[09:53] {dino} mitk sm l .40
[09:53] {ese} hmmmmm MITK......
[09:54] {ese} ah......dino...in......nervy
[09:54] {Threei} *(US) APR PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 75.7 V 76.2E
[09:57] {Threei} Long Setup: LTD 48 break hl
[09:57] {nemo} so far flat day as expected
[09:57] {Threei} Long Setup: JPM .05 break
[09:58] {Threei} invalidated
[09:58] {Threei} but on radar
[09:58] {nemo} shorted
[09:59] {dino} pretty good drop
[09:59] {Threei} Short Setup: FCX .10 break
[09:59] {dino} tighten mitk to .19
[10:00] {Threei} if stays under .20
[10:00] {dino} 07 red
[10:00] {nemo} 1/2 out .84
[10:00] {nemo} fcx
[10:01] {Threei} let's tighten to .16
[10:01] {nemo} 1/4 mor .70
[10:01] {Threei} holding a bit too well
[10:01] {nemo} wtf
[10:01] {nemo} stop .90
[10:01] {Threei} out
[10:02] {nemo} out jpm .
[10:02] {Threei} Long Setup: JPM .90 break
[10:02] {Threei} stop under .70
[10:02] {nemo} hah! I rode it down, you wanna' ride it up
[10:03] {Threei} I like it long on pullback, SPY panic deepend pullback... but the idea is still there
[10:03] {Threei} 1:1
[10:03] {Threei} half out
[10:03] {Threei} stop to .89
[10:03] {Threei} 1:2
[10:03] {Threei} 1/4 out
[10:04] {Threei} stop to .95
[10:04] {dino} jpm sm l .00
[10:05] {Threei} overtightened FCX
[10:05] {Threei} it hit 1:1 after all
[10:05] {dino} lol 3i, just saw your jpm call
[10:06] {Threei} yeah, I was wondering... :)
[10:06] {Threei} you may want to take me off ignore
[10:06] {Threei} aww FCX
[10:06] {dino} ;)
[10:07] {Threei} JPM stop to .99
[10:09] {Threei} 1:3, over and out
[10:10] {Threei} anyone played it?
[10:10] {Threei} clean and easy 30 cents
[10:10] {cipher} yes thx
[10:10] {Threei} :)
[10:10] {dino} gj
[10:12] {Threei} TNA
[10:12] {Threei} Long Setup: TNA .65 break
[10:12] {Threei} hl
[10:12] {Threei} stop under .50
[10:12] {Threei} 1:1
[10:12] {Threei} in a blink of eye
[10:12] {nemo} how do you arrive at the .50 stop?
[10:13] {Threei} look at 1 min, pure visualy horisontal support
[10:13] {nemo} I see under .44, not to be confussed with dead people
[10:14] {dino} lol
[10:15] {Threei} I don't see dead people... I see dead pixels
[10:15] {nemo} I see bunnies
[10:16] {Threei} Long Setup: TXN .80 break
[10:16] {Threei} if stays above .75
[10:18] {Threei} invalidated
[10:19] {dino} sap wants gap 64.55 area
[10:22] {Threei} Short Setup: LNG .90 break
[10:22] {ese} Heres a good one...briliant reporting, nothing like ordering from yourself to make things look good:: (SWKS) Skyworks Solutions Inc Advanced Wireless Semiconductor Company said to be ramping up shipments by over 30% q/q due to strong orders from SWKS - Digitimes
[10:22] {Threei} if stays under 17
[10:22] {Threei} aggressive entry for .80 break
[10:23] {Threei} rofl ese
[10:23] {dino} that has to be a typo
[10:23] {ese} definitely funny
[10:25] {Threei} Short Setup: SLW .10 break
[10:25] {ese} begs the question......Can we trust the "Trade The News" reporting of the business news
[10:25] {Threei} if stays under .20
[10:26] {Threei} invalidated
[10:27] {nemo} hey vad, was looking at mos, dropping .60, then had that spike to .87 and then dropped back. would you have set your stop above .87 or previous range of .75
[10:28] {Threei} with what entry? .60 break?
[10:28] {nemo} yeah
[10:28] {nemo} that spike up was trying to scare out the weak hands
[10:28] {Threei} either .75 or .81... both are valid
[10:28] {nemo} I see that alot and never sure how to play it
[10:28] {dino} re-load jpm l .00
[10:29] {Threei} it's a personal [refrence, there is fast rule for this situation
[10:29] {Threei} there is NO
[10:29] {nemo} you ever go to Damansky Island on vacation?
[10:30] {Threei} lol, kidding?
[10:30] {nemo} of course
[10:30] {Threei} LNG, planning to cover in parts, first near .80, then try and ride the main event - loss of .80
[10:30] {Threei} with final target nesar .60
[10:32] {Threei} stop to .95
[10:33] {nemo} should get bounce here if we're gonna
[10:33] {Threei} Short Setup: POT .90 break
[10:34] {Threei} if stays under 43
[10:35] {dino} cavm gap fill
[10:36] {Threei} LNG first part out .78
[10:36] {Threei} stop to .91
[10:37] {dino} pot stopped -.12
[10:38] {dino} caveman sm l .85
[10:38] {dino} cavm
[10:42] {Threei} bidding .71 second partial on LNG
[10:43] {dino} sap sm l .75
[10:45] {Threei} stop to .81 now
[10:45] {Threei} final target in crosshair
[10:48] {dino} sap stop -.26
[10:49] {Threei} out last part
[10:50] {Threei} anyone traded this one?
[10:52] {dino} sap rinsed
[10:54] {dino} infy sm l .01
[10:54] {ese} Am outta here ......if any of you are so inclined...the Vic High R&B band has a show at The Office Lounge tomorrow evening 9 to midnight.....have a great weekend
[10:55] {Threei} have fun ese
[10:55] {ese} cya vad
[10:55] {rambler} cya ese
[10:55] {ese} rambler
[10:56] {dino} mitk l .23 stop .18
[10:58] {Threei} Long Setup: X .55 break
[10:58] {Threei} if stays above .50
[10:58] {Threei} tight stop, aggressive entry for .60 break
[10:59] {sciborg} in
[11:00] {Threei} idea is to partial into spike after .60 break
[11:01] {Threei} then see if we can get second partial above .70
[11:01] {Threei} ok, here goes first exit
[11:02] {Threei} .64
[11:02] {sciborg} out 1/2
[11:02] {Threei} beauty of aggressive entries... very tight stop, and can get nice profit where with regular entry we would be barely in plus
[11:03] {Threei} stop to .54 on second half
[11:04] {sciborg} all out +$623
[11:04] {sciborg} :) great Job..Thx
[11:04] {Threei} very welcome
[11:05] {Threei} thank goodness someone takes these calls... after grave silence on LNG I started wondering
[11:05] {sciborg} iw ans there..I missed that 1
[11:05] {Beau} bailed at .70 big thx vad
[11:05] {Threei} beau :)
[11:08] {Threei} oh good
[11:08] {Threei} Movie theatres are now eligible for liquor licences
[11:08] {dino} gj
[11:08] {Threei} like smell of popcorn was not enough
[11:08] {sciborg} lol
[11:09] {sciborg} that will definitly raise there rev.
[11:09] {nemo} speaking of
[11:09] {nemo} like lvs short?
[11:10] {Threei} .80 break
[11:10] {Threei} I think so
[11:10] {nemo} definite maybe, huh?
[11:10] {Threei} no, it's a valid setup
[11:10] {Threei} time of the day is a bit of concern
[11:11] {Threei} but SPYH breaks down nicely
[11:12] {Threei} .86 stop
[11:12] {Threei} .70 is a day low, hard to tell if LVS can break it
[11:13] {Threei} lol, hit partial out zone while I typed
[11:15] {Threei} half out
[11:15] {Threei} gave me second chance
[11:15] {Threei} stop to .81
[11:16] {nemo} ntap
[11:18] {Threei} time to switch to scalps
[11:18] {Threei} follow through is minimal now
[11:18] {Threei} anyway, we are back to role of a windshield from one day of being a bug
[11:19] {nemo} yeah, people likely to take the afternoon off...earnings season starts in earnest next week
[11:34] {Threei} Long Setup: TNA .10 break
[11:34] {Threei} hl
[11:34] {Threei} stop under 55
[11:34] {nemo} wow
[11:36] {Threei} 1:1
[11:37] {Threei} essy money
[11:37] {Threei} easy too
[11:44] {Threei} why wow, btw? looked like quite obvious trade to me
[11:48] {Threei} quite nice run
[11:49] {Threei} Short Setup: JPM .90 break
[11:49] {Threei} if stays under 44
[11:50] {dino} ilmn sm l .75
[11:51] {Threei} let's keep stop at .96, don't want lunch time rinses
[11:52] {Threei} with all the profits accumulated up to this point, it's a profit preservation mode - stops are very tight, to make sure we go to the weekend in the money
[11:53] {Threei} I prefer to go to my weekends in a good mood
[11:54] {dino} infy stop -.06
[11:54] {Threei} scalpers, try to cover JPM near .80, day traders cover half
[11:54] {Threei} loss of .85 should plunge it
[11:55] {Threei} here we go
[11:55] {Threei} .81 first out
[11:56] {Threei} stop to .91
[11:56] {Threei} scalpers be free
[11:57] {sciborg} out..Very nice call again :)
[11:57] {Threei} killing it today eh sciborg? :)
[11:57] {sciborg} :) $$$$
[11:57] {Threei} I think you made 4x the price of monthly admission today, lol
[11:58] {sciborg} heheh more that that ;)
[11:58] {Threei} even better
[11:58] {Threei} and you missed 1:3 and 1:2 earlier
[11:58] {sciborg} yea
[11:59] {Threei} with those, you'd be in the fall of 2012 room price wise, lol
[12:01] {Threei} 1/4 more out .76
[12:01] {Threei} stop to .86
[12:03] {Threei} day low .68
[12:04] {Threei} I start eeing a feel new low is coming
[12:04] {Threei} not overing last part just yet
[12:04] {Beau} very nice plays today vad
[12:04] {Threei} want to try and ride it
[12:04] {Threei} ty beau
[12:04] {thomcbell} lng pretty impressive
[12:05] {thomcbell} nice cup being formed
[12:05] {Threei} as rare as bad days are for me, even better part is - I recover quickly from them
[12:05] {Threei} secret is very simple
[12:05] {Threei} no revenge trading, no pushing in attempt to "get back at market"
[12:06] {Threei} just business as usual
[12:06] {nemo} spy gonna get a little bounce here
[12:06] {Threei} every day is new day in trading, start fresh and follow your syhstem that has been tried and proven over many years
[12:07] {Threei} new low JPM
[12:07] {Threei} stop to .76
[12:07] {nemo} bounce by .62
[12:10] {Threei} done with JPM
[12:10] {Threei} one deep thought (especially for Friday):
[12:10] {Threei} have you noticed the increased variety of stocks we pla?
[12:11] {Threei} that's a very good sign - less uniformity in markets
[12:11] {Threei} more stocks start acting on their own, not being follwojg SPY or QQQ sheepishly
[12:13] {Threei} compare this same JPM to SPY today for instance
[12:13] {Threei} and LNG
[12:13] {Threei} obviously march on their own beat
[12:13] {Threei} new klow JPM... overtightened stop a little
[12:14] {Threei} no regret though.. lunch time play
[12:14] {Threei} just glad to identify a good mover correctly
[12:35] {Threei} OK, I need to take JPM off screen to aleviate scalper's regret
[12:35] {Threei} Long Setup: LNG .15 break
[12:35] {Threei} aggressive entry for .20 trigger
[12:36] {Threei} if stays above .10
[12:37] {Threei} UN Security Council deplores North Korea rocket launch, which violates 2 council resolutions
[12:37] {Threei} North Korea: only two?? that's becvause you are too lazy. Should you make 4 resolutions, we would violate 4
[12:38] {dino} lol, now watch them give them more free food if they promise not to launch another
[12:44] {Threei} feel free to exit LNG
[12:44] {Threei} full or partial
[12:44] {Threei} your choice
06[12:47] * cc_8 says hi
[12:47] {Threei} if partialing, get out here in full
06[12:48] * cc_8 says to sciborg, "check your PM!"
[12:51] {Threei} anyone went for LNG?
[12:51] {dino} yes ty, nice call
[12:51] {Threei} :)
[12:54] {thomcbell} excellent tag team there vad
[12:55] {thomcbell} i added thru your level
[12:55] {thomcbell} lng
[12:55] {Threei} good approach
[12:55] {Threei} one setup overlaid on another
[12:55] {Threei} umbrella principle, who remembers from scalping course
[12:57] {Threei} wow, that thing still goes
[12:58] {thomcbell} y - i doubled size - because of the course thanks again
[12:59] {Threei} grest to see when theory is applied to actual trades
[13:01] {cc_8} sciborg, please check your private message.
[13:02] {thomcbell} i took the trade lng
[13:03] {thomcbell} thanks for help vad
[13:03] {Threei} always
[13:10] {Threei} voice from high above:
[13:10] {Threei} (US) Fed's Bernanke: Risk was not adequately monitored before the crisis- System became unstable due to regulatory lapses. - Fed lending during crisis stabilized the financial system. - Stress tests in 2009 helped restore confidence in banks. - Shadow banking lacked adequate oversight before the financial crisis and was a key vulnerability.
[13:12] {_supamario910} Any thoughts on JPM and INFY?
[13:13] {Threei} JPM has stalled
[13:13] {Threei} no setup here, let's just wait and see if it forms somwething later on
[13:13] {_supamario910} great thx
[13:13] {Threei} INFY, hmmm
[13:14] {Threei} if it pulls back under .60, I would look for double bottom with stop under .50
[13:14] {_supamario910} OK. i'm in that one @ .67
[13:14] {Threei} long?
[13:14] {_supamario910} yeah
[13:15] {Threei} a bit too high for my taste...
[13:15] {Threei} see, stop would have to be under .50, too wide
[13:15] {_supamario910} yeah, I've been trading it since long at 49 today and thought it would bounce back when it dropped this time. I think I might be ok there
[13:16] {Threei} wery well could be, it looks like recovering,
[13:16] {_supamario910} *fingers crossed*
[13:17] {Threei} it's just that I prefer to weigh risk vs reward, and stop of such width is a little beyond my risk tolerance, - for a trade to make sense it needs to go to about .85 - .90
[13:17] {Threei} not impossible but laborous
[13:17] {Threei} especially on Friday aftrenoon
[13:19] {Threei} rambler, you here?
[13:20] {Threei} I haven't heard any single "durn" from you today, doing well I assume...
[13:21] {Threei} let's try to apply violence to INFY... udually it helps
06[13:21] * Threei kicks INFY in the rear
[13:22] {_supamario910} yes, I see where you're coming from
06[13:22] * Threei kicks INFY in the rear with heavy duty steel toe army boots
[13:22] {Threei} hey... violence is as effective as always
[13:22] {Threei} look at it go
[13:23] {Threei} kind word and gun are so much more effective than kind word alone...
[13:23] {_supamario910} LOL
06[13:25] * Threei pokes INFY in the ribs with electrocharged sharp stick
[13:25] {_supamario910} thanks it needs that
[13:25] {Threei} you can tell I am bored... :)
[13:28] {Threei} pepiolas, you here?
[13:29] {Threei} phantoms...
[13:29] {nemo} like sndk short?
[13:29] {Threei} not sure...
[13:29] {Threei} 50/50
[13:29] {nemo} nother definite maybe
[13:30] {Threei} no, definite "I have no idea" :)
[13:30] {Threei} drops or bounces with same odds
[13:30] {Threei} no edge
[13:31] {Threei} good boy INFY
[13:31] {Threei} 1:1
[13:31] {Threei} if you intend to try and ride it, I'd take first partial here
[13:34] {_supamario910} trying to close out the full position now
[13:35] {nemo} MCP long?
[13:35] {Threei} trying?
[13:35] {_supamario910} Typical, i was at .86
[13:35] {Threei} just hig the friking bid if you want out
[13:35] {Threei} hit
[13:35] {Threei} don't try to be cute
[13:36] {_supamario910} you're right, I'm stuck in my penny days LOL j/k
[13:36] {Threei} exiting at the offer is fine only when they habve momentum
[13:36] {Threei} then yeds, you offer into strength, they take it off your hands
[13:36] {Threei} when they stall, just get out
[13:36] {_supamario910} yep, just got out at .82. thx
[13:37] {Threei} MCP... well
[13:37] {Threei} rather yes, but I'd prefer to see a fe minutes of consolidation under .80
[13:38] {Threei} then break
[13:38] {Threei} it went through entire 20 cents range in just 4-5 bars
[13:38] {Threei} might be out of breath
[13:39] {Threei} to finish with INFY, in purely educational purposes:
[13:39] {Threei} if you traded it wioth partialing, I would trail a stop for the balance to .65 at this point
[13:40] {Threei} and try to exit second half between .95 and 49
[13:43] {Threei} MCP looks better for a break now
[13:43] {nemo} convergence levels at both spy and iwm daily pivots...likely going to 138.25 on spy and 80.30 area on IWM
[13:48] {Threei} INFY hit the target beautifully
[13:49] {nemo} topped out right at vwap\
[14:05] {Threei} lol
[14:05] {Threei} look at this, in one breath:
[14:05] {Threei} (SP) Deputy Trade Min Garcia-Legaz: Spain will not have problems financing itself; ECB should begin buying bonds once again
[14:07] {Threei} XAU/USD Spot gold extending decline sharply; Falls below $1,655/oz
[14:08] {Threei} why do I have this feeling that goldbugs repeating mantra "goverment prints dollars, get gold" will hurt very badly...
[14:45] {dptl} .
[14:47] {Threei} good point
[14:50] {Threei} Short Setup: JPM .50 break if stays under .60
[14:51] {nemo} yum looks short
[14:53] {Threei} I'd try to catch it between .30 and .40 nemo
[14:53] {Threei} with stop above .40
[14:54] {Threei} not much chance eh
[14:55] {nemo} just noticed today upro is shortable...that makes life easier
[15:04] {nemo} o.k. it's defecate or get off the bidet for yum
[15:05] {Threei} where did you get in?
[15:05] {nemo} .24
[15:06] {nemo} under the 20 ma on the 1 min
[15:11] {nemo} well, that sucked
[15:21] {Threei} http://goo.gl/A3Gwe
[15:21] {Threei} for Raven
[15:21] {rambler} INFY pops
[15:25] {Threei} JPM is valid
[15:33] {Threei} will JPM die on its own volition or vioelnece is needed
[15:33] {Threei} oh good
[15:33] {Threei} just thought of violence killed it
[15:33] {Threei} 1:1
[15:33] {Threei} half out
[15:33] {Threei} take that Dimon
[15:35] {Threei} almost 1:2, 1/4 more out
[15:35] {Threei} stop to .45
[15:35] {rambler} out JPM tks V
[15:35] {Threei} welcome sir
[15:36] {Threei} my yesterday's promise:
[15:36] {Threei} [15:56] {Threei} we will get them tomorrow
[15:36] {Threei} did we or did we
[15:36] {rambler} egzacttilly...
[15:36] {Threei} almost correct spelling
[15:36] {rambler} I try..
[15:36] {Threei} eqzaktly
[15:37] {Threei} oh, and "korreqt", while we are on it
[15:41] {dino} hate to see jpm on a earnings miss
[15:42] {Threei} lol, no kidding
[15:42] {Threei} sector-wide weakness... WFC had very decent report, and look at it
[15:43] {dino} watching both
[15:43] {dino} may be oppotunity
[15:44] {dino} wfc gap fill
[15:47] {Threei} just no over-weekend hold please :)
[15:47] {dino} third week in row we finish lower
[15:47] {Threei} gap down on Monday is a very strong piossibility
[15:47] {Threei} 1:3 JPM
[15:47] {Threei} over and out
[15:48] {dino} gj
[15:48] {Threei} finishing day on this 30 cents win guys
[15:48] {Threei} with your kind permission I'll have a very nice weekend,
[15:48] {Threei} wishing same to you
[15:48] {Threei} and see you all on Monday
[15:48] {dptl} good weekend all
[15:49] {Threei} I believe we did great today
[15:49] {rambler} thanks Vad....reality time for me ...back to work soon...
[15:49] {Threei} and overallm with exception of yesterday it was a decent week
[15:49] {Threei} aww rambler
[15:50] {Threei} we will be here when you finish your summer cycle
[15:50] {rambler} will be checking the log when possible to keep up ...
[15:50] {Threei} have fun
[15:50] {rambler} good luck everyone...
[15:50] {Threei} back in Sept} or Oct?
[15:50] {rambler} thanks Vad....
[15:50] {rambler} yup, October
[15:51] {Threei} ok... you have one fun job, anyway
[15:51] {Threei} enjoy
[15:51] {rambler} you bet...if you take that Alaska cruise, keep your eyes peeled for me...
[15:51] {Threei} not planned for this year
[15:52] {rambler} crazy looking bush man..
[15:52] {Threei} lol
[15:52] {rambler} cya..
[15:52] {Threei} swstting bears like mosquitos
[15:52] {rambler} no shortage of bears, for sure...
[16:00] {dino} thx all and gn
