Thursday, April 19, 2012

Apr 19 2012

Nice profitable day although wild intraday swings probably presented more opportunities than we utilized. Had to control risk tight though... but got the bottom right, plus a few other trades before and after the big drop and big recovery.

Session Time: Thu Apr 19 00:00:00 2012
[08:32] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 386K V 370KE; CONTINUING CLAIMS: 3.297M V 3.30ME- Prior Initial Claims revised higher from 380K to 388K - Prior Continuing Claims higher from 3.251M to 3.271M
[08:43] {_bobwi} gm
[08:43] {Threei}  bobwi :)
[08:52] {sciborg} gm guys
[08:52] {Threei}  sciborg :)
[08:52] {sciborg} I here alld ay today
[08:52] {sciborg} I gonan catch all the Good trades ;)
[08:52] {Threei}  no pressure eh?
[08:52] {sciborg} lol
[08:52] {sciborg} none
[08:53] {sciborg} I always expect to have losses
[08:53] {sciborg} the trick is to have smaller losses and bigger wins :)
[08:54] {ese} morning
[08:55] {Threei}  ese :)
[08:55] {ese} should I tell you about my dabbleing in HGSI
[08:56] {sciborg} hopefully you purchased yetsreday ?
[08:56] {sciborg} and held it overnight
[08:57] {ese} a couple of weeks ago for the hell of it....400 shs at 8.02
[08:57] {Threei}  wow
[08:57] {Threei}  nice
[08:57] {sciborg} really, nice
[08:57] {sciborg} congrats
[08:57] {Threei}  buyout offer for 13
[08:57] {ese} am out 14.32.......nice little surprise to get up to
[08:57] {Threei}  dump it before they rejected it
[08:57] {Threei}  lol
[08:58] {Threei}  IMF Chief Lagarde: Reiterates that dark clouds on the horizon for the global economy; rising oil prices, high unemployment and bank deleveraging are risks to the outlook
[08:58] {ese} yup
[08:58] {Les} yeh, so fork up more money for us to spend...
[08:59] {Threei}  that's their logic
[09:03] {dptl} good morning
[09:03] {Threei}  dp :)
[09:03] {ese} dddddddddddddpppppppppppppp!!!!!!!!!!!
[09:04] {dptl} ese...:)
[09:21] {Threei}  idiot on Vancouiver Island, driving his bike on the highway at 299 km/h, filming it - and posting on Youtube
[09:21] {Threei}  police is all over it
[09:22] {Les} he'll get his two minutes of fame
[09:22] {Les} and if he's not lucky, a 2 year jail sentence :)
[09:24] {Threei}  http://www.theprovince.com/news/video+Dangerous+Victoria+motorcycle+ride+hits/6472573/story.html
[09:24] {Threei}  186 mph for non-canadians
[09:24] {ese} I think that speed has to be exerated........was just on a train from Bologna to Milan a month ago going 300k....man thats 180 miles and hour
[09:28] {Beau} good morning
[09:28] {ese} hmmmmm...to bad he's not a winner of a darwin award for ridding the world of undesirable genes
[09:28] {Threei}  beau :)
[09:28] {ese} beau
[09:28] {Beau} ese
[09:28] {Threei}  yeah... at this speed he hits your vehicle, he slices it in half
[09:29] {Threei}  dino forgot where the door is
[09:30] {Threei} Short Setup: FCX  .70 break hl
[09:30] {Threei}  yeah right
[09:30] {Threei}  good luck getting that fill
[09:30] {Threei}  or exiting
[09:30] {Threei}  again
[09:30] {Threei}  same setup
[09:31] {Threei}  if stays under .80
[09:32] {Threei}  1:1
[09:32] {Les} wow in and out under 1 second
[09:32] {Threei}  1:2, out
[09:32] {Les} well maybe 3 sec
[09:32] {Les} ty
[09:33] {Threei}  yw
[09:33] {cipher} thx good one
[09:33] {Threei}  :)
[09:33] {Threei}  1:3 without us
[09:34] {Threei} Short Setup: SLW  .60 break
[09:34] {Threei}  if stays under .70
[09:34] {Threei}  no go
[09:35] {dptl} ?
[09:35] {Threei}  opps..,. wrong symbol
[09:35] {Threei}  never mind
[09:35] {Threei}  juggling a few too many
[09:36] {Threei}  SLW invalidated
[09:36] {Threei}  but may form different setup, watching
[09:36] {Threei}  OK, valid again
[09:37] {Threei}  same condition
[09:39] {Threei}  invalidated
[09:40] {ese} L atml.13
[09:41] {Threei} Short Setup: LVS  .90 break hl
[09:41] {Threei}  ugh
[09:41] {Threei}  late alert
[09:41] {ese} out .24 +.11
[09:41] {Threei}  grrr... 1:1
[09:42] {_soccer34k} just missed LVS....
[09:42] {Threei}  yeah, I was late by a sec or two
[09:42] {_soccer34k} no biggie
[09:42] {Les} 2nd entry?
[09:42] {Threei} Short Setup: SLW  .90 break
[09:42] {Threei}  not sure
[09:42] {Threei}  let's let it consolidate a bit
[09:43] {Threei}  too volatile
[09:43] {Threei}  SLW, if stays under .95
[09:44] {Threei}  no go
[09:44] {nemo} hammers on the first 15 minute candle, new week highs looking good
[09:46] {thomcbell} qcom watching for a long setup 
[09:48] {thomcbell} too wide right now 
[09:48] {thomcbell} could be an investment long
[09:49] {thomcbell} buying pullback to 64 
[09:49] {Les} fcx
[09:50] {thomcbell} ok im long qcom 64.01 - if holding 63.89
[09:50] {thomcbell} out
[09:50] {thomcbell} that was quick
[09:50] {Threei}  another confirmation of why I doln't like QCOM
[09:50] {ese} dino if your hangin.....wha da ya think of EGOV
[09:51] {thomcbell} yes that was wicked
[09:51] {ese} news looks ok
[09:52] {dino} looking
[09:53] {dino} egov lost virginia contract
[09:53] {Threei}  watching TZA for double bottom
[09:54] {ese} hmmmmm....trade the news doesn't show that.........what kinda news feed is this
[09:54] {dino} yahoo
[09:54] {ese} what are you lookin at for news feed
[09:55] {ese} yahoo?
[09:55] {Threei} Long Setup:  TZA  .90 break
[09:55] {dino} finance.yahoo.com
[09:55] {nemo} spy and iwm bull flagging
[09:56] {dino} y
[09:58] {dino} ezch spike
[09:59] {Threei}  change to .85 break
[09:59] {Threei}  invalidated
[09:59] {ese} ya jsomething up with semi's today....cy is up as well
[09:59] {nemo} numbers
[09:59] {Les} volatility
[09:59] {nemo} numbers
[09:59] {Threei}  *(US) APR PHILADELPHIA FED: 8.5 V 12.0E
[10:00] {Threei}  *(US) MAR EXISTING HOME SALES: 4.48M V 4.62ME
[10:00] {ese} opps!
[10:00] {Threei}  *(EU) EURO ZONE APR ADVANCED CONSUMER CONFIDENCE: -19.8 V -19.0E
[10:01] {Threei}  TZA got away in this mess
[10:01] {nemo} slob
[10:02] {dino} egov took off w/o me
[10:02] {Les} I saw teleportation
[10:02] {cipher} +.26 egov thx ese
[10:02] {Les} db
[10:02] {Les} ?
[10:02] {Threei}  ?
[10:02] {Les} indexes
[10:04] {ese} your welcome
[10:04] {Les} nope
[10:05] {ese} market tanking.....who the H reported those numbers!!!!!! ehhhhh!!!!!!! whos responsible for this!!!!!!!!! NEMO?
[10:05] {Les} you practising to be a politician ese?
[10:05] {Threei}  Les, wait out panic
[10:05] {Threei}  don't be a hero
[10:05] {Les} ok
[10:05] {ese} lol
[10:06] {nemo} Les, you take point
[10:06] {Les} no hero here. took a quick toilet break
[10:06] {Threei}  remember the most typical tombstone in the cemetery of traders' accounts
[10:06] {ese} ?
[10:06] {Threei}  "he was a brave trader"
[10:06] {Les} [16:04] {Les} nope
[10:06] {ese} lol
[10:06] {Les} was just confirmation of failed db upon return from potty break
[10:07] {Les} slowly gaining patience
[10:08] {Threei}  now db on TNA is a possibility
[10:08] {Threei}  sharp drop to 55 and I am interested
[10:08] {Threei}  keep half lot ready
[10:10] {nemo} this strong support area for spy
[10:10] {Threei}  one more leg down for SPY, IMO
[10:10] {Threei}  shakeout of those who counts on 138 to hold
[10:10] {nemo} the whole, price support WPP and 50 sma
[10:10] {Threei}  then reversal
[10:11] {nemo} see what I mean, how long it lasts, I don't know
[10:11] {Threei}  too fast
[10:11] {Threei}  lost 138 by 3 cents
[10:12] {Threei}  took stops out and jumpled fastr than you could blink
[10:12] {nemo} yeah, like net got stretched when body fell into it
[10:12] {Threei}  lol
[10:12] {nemo} bounced it
[10:12] {Threei}  ok TNA, give us one more chance
[10:12] {Threei}  .10 break was it but heck, the speed with which it happens
[10:12] {nemo} and....wpp bounced a pubic hair above the WPP
[10:13] {Les} ?
[10:13] {Les} I think you should get off the booze
[10:14] {nemo} well, it was thicker than the hair on your head
[10:14] {Les} IWM you mean?
[10:15] {Les} fcx db?
[10:15] {Les} or inverted c&h?
[10:15] {Threei}  .40 break
[10:15] {Threei}  worth a try
[10:16] {Threei}  if holdong .35
[10:16] {dino} whr -10 in about 5 days
[10:16] {ese} that might be the best analogy we've had on this...."a pubic hair above"......indicating razor thin spread......hmmmmmmm I really like that
[10:16] {ese} this board
[10:16] {nemo} no hair above is razor thin, pubic hair is a bit more above
[10:17] {ese} lol
[10:17] {Threei} Long Setup:  TNA  .20 break hl
[10:17] {Threei}  1:1
[10:18] {sciborg} argggg missed it
[10:18] {Threei}  1:2, out
[10:18] {ese} you all have a great day......gotta go .....cya tomorrow.  Have a show tonight vad at the Convention Center
[10:18] {Threei}  whatcha use for a broker, sciborg?
[10:18] {Threei}  it was obtainable
[10:18] {sciborg} i was in bathroom
[10:18] {sciborg} lol
[10:18] {sciborg} speedtrader
[10:18] {ese} lol
[10:18] {Les} grabbed it thanks
[10:18] {Threei}  hmmm
[10:18] {cipher} +.29 tna thx
[10:19] {Threei}  doesn't sound like the name is right :)
[10:19] {Threei}  welcome guys
[10:19] {ese} you need a laptop
[10:19] {Threei}  taje care ese
[10:19] {ese} cya
[10:19] {cipher} fcx still valid?
[10:20] {Threei}  not sure
[10:20] {Threei}  lags a lot
[10:20] {cipher} still in
[10:20] {Threei}  sciborg, pm me please
[10:20] {Les} grabbed a little fcx at .40 break
[10:20] {Les} I am outta here. pyjama time
[10:20] {Threei}  double click on my name
[10:20] {Les} c u's for close
[10:20] {Threei}  gj Les
[10:21] {cipher} out fcx .60 +.20
[10:21] {Threei}  notice how we finally caught the bottom
[10:21] {Threei}  skipped a lot of tempting ones
[10:21] {Threei}  and missed couple good ones that werw still too fast and risky
[10:21] {Threei}  and got the one that was much more easier to read and execute and manage
[10:24] {Threei}  wow
[10:24] {Threei}  talk about early exits
[10:24] {nemo} what a volatile morning that was
[10:24] {Threei}  lol
[10:24] {Threei}  yeah, big set of numbers, almost all bad
[10:25] {nemo} sold it then bought it
[10:25] {nemo} perfect bounces off of technical levels
[10:26] {dino} swk sm l .75
[10:26] {nemo} http://www.freestockcharts.com?emailChartID=d9c7ba9f-60f3-45f5-b6fe-9258587d746f
[10:27] {dino} out swk .05, +.30
[10:27] {cipher} +.24 swk thx dino
[10:27] {dino} :D
[10:28] {Threei}  gj guys
[10:29] {cipher} swk s .47
[10:30] {Threei}  APOL Reportedly has been contacted by the SEC enforement division - financial press
[10:30] {cipher} cov .15 +.32
[10:33] {Threei} Long Setup:  APOL  .90 break hl
[10:33] {nemo} bad numbers bought, bull market back on for sure
[10:33] {Threei}  if stays above .80
[10:33] {Threei}  invalidated
[10:34] {dino} gj cipher
[10:34] {cipher} ty
[10:34] {cipher} apol rinse
[10:38] {Threei}  oh boy
[10:38] {Threei}  look at TNA
[10:39] {nemo} this is incredible
[10:41] {Threei}  maybe we are topping... such volatility often markes the top after a very extended move, and this rally is 3 years old
[10:41] {dino} 3 years old, thats a baby
[10:42] {nemo} yep
[10:42] {Threei}  lol
[10:42] {nemo} momentum looking weaker on iwm not sure about spy though
[10:42] {Threei}  sciborg, you here?
[10:42] {nemo} they are both at imortant levels here, would make snese to digest these and then head to new week highs
[10:43] {Threei}  sheesh APOL
[10:43] {sciborg} yep
[10:43] {Threei}  look private messaage please
[10:47] {nemo} could take scalp here on tza, but I don't think the long run is over
[10:55] {Threei}  here comes TZA pullback
[10:55] {Threei}  starts looking like a play
[10:57] {Threei} Long Setup:  TZA  .70 break
[10:57] {Threei}  if stays above .60
[10:57] {Threei}  sheesh
[10:58] {Threei}  that was fast
[10:58] {Threei}  missed while typed
[10:58] {Threei}  anyone got it?
[10:58] {_soccer34k} brabbed a few at .72
[10:58] {sciborg} i was still reading when it happened..lol
[10:59] {Threei}  offer half into .80 break, soccer
[10:59] {Threei}  stop to .69
[11:00] {_soccer34k} k hanks
[11:00] {Threei}  unless you are a scalper to the bone, in which case you just take easy profits
[11:00] {_soccer34k} sold a few at .80
[11:01] {nemo} 34k is that your lot size?
[11:01] {_soccer34k} haha no...
[11:01] {_soccer34k} only had 300
[11:01] {dino} x 2
[11:01] {nemo} ahhh ese lots
[11:05] {dptl} gild?
[11:07] {nemo} http://cf4.thingd.com/default/296344133_f90e0fdd7c76.jpg
[11:13] {cipher} gild atm thx dptl
[11:13] {dptl} :)
[11:13] {cipher} scapled it many times
[11:14] {cipher} another good day thx all cya tomorrow
[11:14] {Threei}  wtg cipher
[11:14] {Threei}  din't drink it all away
[11:15] {Threei}  send me some
[11:15] {cipher} lol how did you know :-)
[11:15] {Threei}  lucky guess
[11:16] {dino} wtg cipher
[11:21] {dino} jcp s .35
[11:21] {dino} utek spike
[11:29] {dino} cov jcp .25, +.10
[11:32] {dino} gpc drop
[11:33] {nemo} bounce time coming iwm spy
[11:33] {nemo} .41 tna
[11:35] {dino} gpc sm l .30
[11:36] {nemo} nope
[11:37] {nemo} looks like rinse
[11:37] {nemo} yep
[11:38] {nemo} sniff sniff
[11:46] {Threei} Short Setup: ABC  .40 break
[11:46] {Threei}  if stays under .45
[11:47] {Threei}  aggressive entry for .35 trigger,
[11:47] {Threei}  scalping size of a stop but not a scalping target
[11:47] {Threei}  daily has nothing but air under .35
[11:50] {nemo} wow, that rinse hurt
[12:03] {Threei}  ok ABC
[12:03] {Threei}  let's dance
[12:03] {Threei}  should be good for 30 cents
[12:04] {Beau} not a waltz please
[12:04] {Threei}  nope, that's not me
[12:04] {Threei}  hold on, I'll find my kind of dance
[12:05] {Threei}  http://www.youtube.com/watch?v=YK0Q2aPhB_I
[12:05] {nemo} what a frickin' day
[12:05] {nemo} tang
[12:05] {nemo} tango of course
[12:05] {nemo} no
[12:05] {dptl} lol
[12:06] {Threei}  grace and elegance, as you can see
[12:06] {Beau} at least for her
[12:07] {Threei}  what was that movie...
[12:07] {nemo} what movie
[12:08] {Threei}  "Never dance. Real men do not dance. Does Arnold dance? --Hell, Arnold barely walks!"
[12:08] {nemo} don't know
[12:08] {Threei} Short Setup: FCX  .10 break
[12:08] {Threei}  if stays under .20
[12:10] {Threei}  In and Out
[12:11] {Threei}  lose that .35 finally
[12:18] {dptl} you trailing stop at this point Vad? abc
[12:18] {Threei}  I am a bit torn about it
[12:19] {Threei}  formally, it's at 1:1
[12:19] {Threei}  but it was an aggressive entry
[12:19] {Threei}  and I don't intend to partial yet
[12:19] {dptl} so same .45
[12:19] {Threei}  I'd prefer to see it at or under .30 before I start trailing
[12:20] {Threei}  yeah, what's the point really, 5 cents...
[12:20] {dptl} ok ...i am bidding half .30
[12:20] {Threei}  as much as I am risk-intolerant, this is too much even for me :)
[12:21] {Threei}  I like this chart so much that I will partial 1/3 only at first point
[12:23] {Threei}  Unconscious pilot at controls of private plane circling over Gulf of Mexico; authorities expect it will soon crash into water
[12:25] {Threei}  ok
[12:25] {dptl} out half
[12:25] {Threei}  first piece is out at 1:2
[12:25] {Threei}  stop to .41
[12:28] {Threei}  55% Think Hate Is Growing In America..
[12:28] {Threei}  remaining 45% hate first 55%
[12:30] {nemo} nem
[12:31] {nemo} so volatile today, the automatic increments on my tna chart haven't dropped below .25 
[12:31] {Threei}  well, that zig-zag after the morning numbers was extraordinary
[12:31] {nemo} nem looks short below .70
[12:32] {nemo} yeah, whacked short and long stops on that one
[12:32] {nemo} might be getting longs setting up on spy/iwm here
[12:45] {dino} gpc to .71
[12:47] {dino} out gpc .75, +.45
[12:47] {dino} brb
[12:47] {Threei}  wtg
[12:51] {nemo} mmmhhhh, tza might be in order
[12:53] {Threei}  while it's quiet, lemme brag a little
[12:53] {Threei}  http://goo.gl/TYNSI
[12:54] {nemo} looks like a nipple on LSD
[12:58] {nemo} so ebay short or long here?
[12:58] {Threei}  back from LCD test session... yeah, there is something to it
[12:59] {Threei}  short is anything... but not a strong setup
[13:02] {Threei}  is = if
[13:02] {Threei}  damn lcd
[13:02] {Threei}  LSD too
[13:02] {Threei}  back to vodka
[13:02] {nemo} peyote and psylocibin fan myself
[13:02] {nemo} or, however you spell it
[13:15] {dino} mcd drop
[13:33] {dptl} out abc
[13:34] {Threei}  yeah
[13:34] {Threei}  oh well
[13:56] {dptl} lvlt?
[13:57] {dptl} .40 long?
[13:58] {Threei}  need one more light pullbackm to establish resiatanvce
[13:58] {Threei}  or a min or two more of consolidation
[13:58] {dptl} k
[13:59] {Threei}  SPY continues down though
[14:00] {Threei}  keep stop under .30
[14:00] {dptl} didn't get it yet
[14:01] {nemo} we in anything vad, that is, other than the usual
[14:02] {Threei}  LVLT, dp's find
[14:02] {dptl} in .41
[14:03] {Threei}  if works, aim for 1:2
[14:07] {Threei}  doesn't
[14:07] {dptl} out
[14:07] {Threei} Short Setup: SLW  .50 break
[14:10] {Threei}  yesterday's low
[14:10] {Threei}  good support to break
[14:11] {Threei}  if stays under .60
[14:16] {dptl} in
[14:16] {sciborg} in
[14:16] {_soccer34k} in]
[14:16] {nemo} pay attention to the .55 area in iwm, if volume comes in hard, they may try to turn the market there
[14:18] {Threei}  SPY has quite ominous look
[14:18] {nemo} get's through .46 got a long way to go
[14:18] {nemo} they work together and the volume came in on iwm
[14:19] {thomcbell} what time frame on the spy Vad
[14:19] {Threei}  any, intraday
[14:20] {dino} theres your .55 iwm
[14:20] {thomcbell} daily looks bad to me 
[14:20] {_soccer34k} come SLW I know you want to go lower
[14:20] {nemo} this is the level on iwm, this drops good night irene, throw the women and children overboard
[14:20] {nemo} this is the key
[14:21] {sciborg} crossing fingers
[14:21] {nemo} .54 is WPP on IWm
[14:21] {Threei}  new low
[14:21] {nemo} least you could do is pick up a 2X$ wtf
[14:21] {Threei}  let the panic begin
[14:21] {nemo} 2X4
06[14:22] * Threei hits SLW over the head with 2x4
[14:22] {nemo} no, hit IWM eerything will go with it
[14:22] {Threei}  I am a focused one
[14:23] {nemo} where's Les when you need him
[14:23] {_soccer34k} any target on SLW guys?
[14:23] {nemo} frankly though, major positive divergences on both IWM and SPY
[14:23] {Threei}  hard to telll, this thing has no support down to .15
[14:23] {Threei}  but it doesn't really trade on its own merits
[14:23] {sciborg} that would be nice at .15
[14:23] {Threei}  does with general market
[14:24] {Threei}  goes
[14:24] {_soccer34k} Ok-I'll keep watching
[14:24] {_soccer34k} stop at .60 still?
[14:24] {Threei}  I'd trail it to ,56
[14:27] {Threei}  come on SLW, are you blind?
[14:27] {nemo} o.k. we're screwed short away
[14:28] {nemo} shit
[14:28] {nemo} IWM is holding, wtf
[14:28] {nemo} I want disease, pestilence and mayhem
[14:28] {nemo} I want to hear wailing women, children crying at the death of their parents...wtf
[14:29] {Threei}  very graphic
[14:29] {nemo} am I going over the top?
[14:29] {Threei}  all I want is SLW dropping like a rock
[14:29] {nemo} heisenberg's boiling water paradox
[14:29] {Threei}  IWM is about to lose .50
[14:31] {dptl} xmm
[14:31] {Threei}  can't believe this thing is holding while panic hits the market
[14:31] {Threei}  normally it's right there with SPY
[14:33] {Threei}  shouldve picked FCX this time
[14:33] {Threei}  and TZA
[14:33] {nemo} yeah, precious metal miner vs industrial miner
[14:34] {sciborg} TZA keeps climbing higher and higher
[14:34] {Threei}  sure, it's opposite to SPY
[14:35] {Threei}  grrr... got the marjket direction just right, and picked wrong candidate to exploit it
[14:36] {dptl} still in?
[14:36] {Threei}  yeah, but losing faith in it
[14:37] {Threei}  starting to look for TNA bounce
[14:38] {nemo} we bounced off of monthly S1
[14:38] {Threei} Long Setup:  TNA  .40 break hl
[14:38] {nemo} take it as a scalp
[14:38] {Threei}  stop under .25
[14:39] {Threei}  out SLW
[14:39] {dptl} stopped slw
[14:40] {nemo} if market dropping hard, they'll be looking to hedge through precious metal plays
[14:40] {Threei}  TNA target .70
[14:40] {Threei}  two partials
[14:42] {Threei}  1:1
[14:42] {Threei}  stop to .39
[14:42] {nemo} balls of titanium
[14:42] {nemo} don't tarry long though
[14:42] {Threei}  crome-plated, too
[14:42] {nemo} crome=Chrome
[14:43] {nemo} I think this is gonna drop more
[14:43] {dino} yeah
[14:43] {Threei}  let's get to second exit first
[14:44] {Threei}  who's on first
[14:44] {dino} whats on second
[14:45] {nemo} vodka
[14:45] {Threei}  scalpers win
[14:45] {nemo} [14:40] {nemo} take it as a scalp
[14:46] {nemo} like my selective choice of showing when I'm right and never citing when I'm wrong
[14:46] {Threei}  grrr... rinse
[14:47] {_soccer34k} snagged our stops and then let it run
[14:47] {Threei}  hits target now
[14:48] {nemo} bottoms have a habit of doing that
[14:48] {Threei}  overtightened stop a bit
[14:48] {Threei}  well, half of profit is still a profit
[14:49] {nemo} bunny finally woke up
[14:49] {Threei}  this trade perfectly summarizes today: profitable, and playing it safe ina very volatile environment, and getting direction right - but underutilizing the potentail
[14:50] {nemo} under utilizing during unusuall volatility is not necessarily a problem
[14:51] {Threei}  it's the opposite side of the coin, tighter risk control leads to diminished potential... but still feels like I could have squeezed more out of today
[14:51] {Les} what are we in?
[14:51] {Threei}  just finished TNA
[14:51] {Les} ok
[14:52] {Les} IN!
[14:52] {Threei}  lol
[14:53] {nemo} Les, out running around in your pajamas?
[14:53] {nemo} btw...thanks for sending me the links yesterday, got completely distracted watching episodes from my youth...what BS
[14:54] {Threei}  bike used in the speeding video is found and seized
[14:55] {dptl} how's that pilot doing?
[14:55] {Threei}  no word
[15:02] {dino} tpx drop
[15:03] {Les} .
[15:08] {nemo} lvs might be a short here
[15:09] {nemo} actually two way, vwap at .78
[15:11] {Threei}  can't tell next move direction here
[15:11] {Threei}  waiting for more certainty
[15:12] {nemo} if they want to keep confusion, they move higher
[15:12] {dino} goping lower
[15:12] {dino} going
[15:12] {Les} groping?
[15:13] {dino} :s
[15:13] {nemo} gs sucking wind...funny thing even during the bounce they were sucking wind
[15:18] {dino} skul drop
[15:25] {dino} mcd sm l .98
[15:31] {Threei}  looking for the last play
[15:31] {Threei}  trying to follow Beau's wife advice
[15:32] {Les} grope lower?
[15:33] {Les} wait, that's dino
[15:34] {Les} what advice does Beau's wife offer?
[15:34] {Threei}  very stute
[15:34] {Threei}  astute
[15:34] {Les} RIG
[15:34] {Les} .30 b/d?
[15:34] {dino} mcd to .00, back in ten 
[15:34] {Threei}  "if some trades work and some don't, whny don't you take only those that work?"
[15:35] {Threei}  not sure about RIG
[15:35] {Les} ugh, I hate explaining that
[15:36] {Les} to non-traders
[15:39] {Beau} humor les, joke,funny. 
[15:39] {Les} yeh I understand
[15:39] {nemo} she blonde?
[15:39] {Les} I was thinking of my own wife Beau
[15:40] {nemo} she blonde
[15:40] {Beau} actually, yes
[15:40] {Threei}  RIG
[15:40] {Threei}  like it a bit more now
[15:41] {Threei}  let's make it last play for today if triggers
[15:41] {Threei}  and dp... watch the clock!!
[15:41] {Threei} Short Setup: RIG  .30 break
[15:41] {dptl} lol...ok
[15:42] {nemo} vwap at .12
[15:44] {Threei}  invalidated
[15:44] {Threei}  if you go for a fade, keep it to a scalp only
[15:46] {Threei} Long Setup:  TZA  .40 break
[15:46] {Threei}  just a quick scalp
[15:46] {nemo} nah, iwm going to 80
[15:47] {Threei}  invalidated if loses .35
[15:47] {nemo} iwm going to vwap, spy looks like going to 138
[15:50] {Threei}  out .45 and .46, 4x lots
[15:51] {Threei}  still not feeling like the day was utilized fully... but that feeling is dumbed down a bit
[15:51] {Threei}  feel free to exit here
[15:52] {Threei}  good way to finish this thing up
[15:57] {Threei}  OK guys, thank you all
[15:57] {Les} cheers
[15:57] {Threei}  have a good evening, let's finish the week tomorrow with a bang
[15:57] {dptl} gn all
[15:58] {dino} thx all, gn