Friday, April 20, 2012

Apr 20 2012

Catch of the Day. Strong feeling that panic was about to hit led to a hunt for a TZA entry. Pullback presented an opportunity - two downward tails after losing whole number support, recross for a trigger, very tight stop, nice run to above 19.25. 


Session Time: Fri Apr 20 00:00:00 2012
[09:03] {_bobwi} good morning
[09:06] {dino} gm, another gap open day
[09:06] {Threei}  bob, dino :)
[09:06] {nemo} kinda more like when isn't it a gap open day
[09:07] {_soccer34k} Morning guys
[09:08] {dptl} gm all
[09:08] {Threei}  soccer, dp :)
[09:12] {Les} morning
[09:12] {cipher} gm
[09:12] {Threei}  les :)
[09:12] {Threei}  cipher :)
[09:18] {dptl} rvbd news?
[09:18] {Threei}  bad guidance yesterday
[09:19] {Threei}  a lot of downgrades today
[09:19] {Threei}  hot potato
[09:19] {Beau} good morning you all
[09:19] {dptl} thanx
[09:21] {Threei}  beau :)
[09:24] {ese} gm......played a show llast night until 1am......eye lids are sown shut
[09:24] {Threei}  ese :)
[09:24] {ese} mornin vad
[09:25] {Les} just listen to the sultry sound of the computer beep when vad types ese :)
[09:25] {ese} lol
[09:30] {thomcbell} gm
[09:30] {Threei}  tbell :)
[09:31] {Threei} Short Setup: FCX  .50 break hl
[09:31] {Threei}  stop above .60
[09:32] {Threei}  1:1
[09:33] {Les} sweet. RVBD and FCX
[09:33] {Les} gotta be somewhere back later. ty for fcx
[09:34] {Threei}  rofl
[09:34] {Threei}  done in 3 minutes
[09:34] {Les} learning from ese
[09:34] {Threei} Long Setup:  LVS  .60 break
[09:34] {Threei}  hl
[09:34] {Threei}  if stays above .50
[09:36] {dptl} in
[09:36] {Threei}  aggressive?
[09:37] {Threei}  I didn't see it troggering
[09:37] {nemo} maybe he faded
[09:37] {dptl} xmm....offers was gone i entered.....stopped
[09:40] {dino} tpx wow, gap 62 area
[09:40] {nemo} what a mess
[09:40] {Threei} Long Setup:  X  .20 break
[09:41] {Threei}  if stays above .10
[09:42] {Threei}  invalidated but on radar
[09:44] {Threei} Long Setup:  FCX  .15 break
[09:48] {Threei}  invalidated
[09:48] {ese} that is a huge gap dn dino
[09:48] {nemo} what a frickin' mess
[09:48] {thomcbell} lvs impressive pop there 
[09:50] {Threei} Long Setup:  X  29 break
[09:50] {Threei}  argh
[09:50] {Threei}  late alert
[09:50] {Threei}  see if gives second cnace
[09:51] {Threei}  perfect pullback for double bottom
[09:53] {thomcbell} oh lvs 
[09:53] {thomcbell} right instinct to be long vad 
[09:53] {thomcbell} earnings wed 
[09:56] {Threei} Long Setup:  X  .90 break
[09:57] {Threei}  stop under .80
[09:57] {dptl} in
[09:57] {dino} smr l tpx .25, wide
[09:58] {Threei}  1:1
[09:58] {dptl} half out
[10:00] {dptl} out
[10:00] {Threei}  scalpers win
[10:00] {Beau} yep and thx vad
[10:01] {Threei}  possible db here
[10:01] {Threei}  same setup
[10:01] {Threei}  .90 break if holding .80
[10:02] {Threei}  welcome beau :)
[10:02] {Threei} Long Setup:  FCX  38 break
[10:02] {Threei}  FCX double-sided
[10:03] {dino} tpx stop
[10:03] {dptl} in x
[10:04] {Threei}  come on X, should give 1:2 this time
[10:05] {ese} testing lows dino
[10:06] {Threei}  X no go
[10:06] {dino} yes
[10:06] {Threei}  FCX 1:1
[10:06] {dptl} out x
[10:07] {Threei}  they kind of hedged each other
[10:07] {nemo} frickin op ex Friday
[10:10] {ese} L tpx crappy fill .90
[10:10] {ese} sm
[10:10] {thomcbell} fcx looking real bad long term charts
[10:11] {Threei} Short Setup: LVS  .80 break
[10:12] {ese} maybe should have taken my 50 bucks 
[10:13] {nemo} crissakes have to bunt to get on base today
[10:15] {Threei}  1:1
[10:15] {ese} this thing is sliperyer than snake crud dino
[10:15] {Threei}  1:2, out
[10:15] {nemo} shit through a goose
[10:16] {ese} that too
[10:16] {nemo} pivot is .64 on lvs
[10:17] {nemo} C looks short, but that's so slow
[10:17] {dino} yeah, its a major mind screw
[10:18] {ese} ouuuuuuuu 
[10:19] {ese} out .13 grrrrrrrrrrrr 
[10:20] {ese} oh ya sure..................
[10:20] {dino} damn missed that bounce
[10:20] {ese} faaaaaaaaaaaaaaa...............you fill in the rest
[10:20] {dino} ,lol
[10:21] {Threei} Long Setup:  KMB  .80 break hl
[10:21] {nemo} sndk
[10:21] {nemo} db
[10:21] {Threei}  if stays above .70
[10:22] {dptl} ax..missed
[10:22] {ese} when it bounces it'll be huge
[10:23] {Threei}  that's good... why wouldn't you want to miss ax
[10:23] {dptl} lol
[10:26] {Threei}  1:1 again in case you caught it on pullback
[10:28] {ese} L kbh .78
[10:38] {dptl} ccl .20 short?
[10:38] {Threei}  yup
[10:38] {Threei}  looks nice
[10:39] {dino} well we missed that tpx db
[10:40] {dino} thing wants 70 imo
[10:41] {ese} i'll say
[10:41] {dptl} in .30 stop
[10:42] {ese} agreed...too bad igotta go....can't take advantage of it...still long KBH stop in at low of the day
[10:42] {ese} cya
[10:42] {dptl} ccl
[10:42] {Threei}  take care ese
[10:48] {dptl} half out
[10:48] {Threei}  good one
[10:48] {dptl} stop to .21
[10:48] {Threei}  both find and execution
[10:49] {dptl} ty
[10:51] {dptl} all out
[10:52] {Threei}  beautiful
[10:52] {dino} gj
[10:53] {dptl} i am blushing.....ty 
[10:55] {Threei}  frikin shrinkin violet
[10:57] {dptl} ax...avgo just could't find entry, was prob .70 break
[11:00] {Threei} Long Setup:  FCX  .80 break
[11:01] {dptl} in
[11:06] {Threei}  holding by fingertips
[11:08] {Threei}  out
[11:08] {dptl} stopped
[11:09] {nemo} GILD
[11:10] {nemo} .65 there be dragons level
[11:22] {dptl} rvbd .60 break?
[11:22] {Threei}  no read
[11:22] {Threei}  50/50
[11:22] {dptl} k
[11:24] {nemo} is the market open
[11:24] {nemo} can I start, er stop ,er start drinking
[11:24] {nemo} gild at important price
[11:29] {nemo} http://www.news.com.au/business/worker-injured-during-sex-gets-compo/story-e6frfm1i-1226333292525
[11:29] {dino} ezpw sm l .25
[11:31] {nemo} gild tested the level and is bouncing but might look to short this bounce
[11:49] {dino} tpx sm l .25
[11:56] {Threei}  SPY - is it glued, nailed or welded to this place?
[11:57] {nemo} think gild goes here
[11:58] {dino} brb
[12:11] {Threei}  GILD is coming in for double bottom
[12:11] {nemo} did tahta at 2
[12:11] {nemo} did that at 12
[12:11] {Threei} Long Setup:  GILD  .70 break hl
[12:12] {nemo} aapl coming into a db
[12:12] {Threei}  if holding .60
[12:12] {nemo} you see what happens if it doesn't hold .60?
[12:13] {Threei}  no... I'd have to open my eyes for that
[12:13] {nemo} oh, nevermind
[12:15] {dptl} in
[12:24] {Threei} Long Setup:  TNA  .40 break hl
[12:24] {Threei}  if stays above .30
[12:24] {nemo} you must be bored
[12:25] {Threei}  aggressive for .50
[12:25] {Threei}  well, I am... but this is a valid play
[12:25] {dptl} in tna
[12:25] {Threei}  .50 break is in cards, IMO... and TNA is better play with aggressive entries on this kind of breaks
[12:26] {Threei}  let's trail GILD to .65
[12:31] {Threei}  maybe just take scalp GILD... tiresome
[12:31] {Threei}  come on TNA... 2 cents to 1:1?
[12:33] {dino} tpx to .25
[12:33] {dino} out tpx 66.25, +1.00
[12:33] {Threei}  wtg
[12:34] {dino} ty
[12:34] {nemo} yum looks long
[12:39] {dptl} stopped tna
[12:42] {dino} tpx wants to break out
[12:43] {dino} sm l .60 break
[12:46] {Les} TNA vwap support here
[12:46] {Les} IWM too
[12:48] {dptl} you still in gild Vad?
[12:48] {Threei}  exited .74
[12:48] {Threei}  12:31] {Threei} maybe just take scalp GILD... tiresome
[12:49] {Threei}  be back in 20
[12:57] {dptl} out gild
[13:03] {nemo} possible tna long here
[13:08] {Threei}  I start thinking selloff is colming
[13:08] {Threei}  Hollande lead in the polls might mean sharp changes in Europe
[13:08] {Threei}  who wannts to stay long over weekend for that
[13:15] {dino} so the dutch are invading france
[13:16] {Threei}  I guess
[13:16] {dino} tpx to .70, stuck
[13:18] {dino} out +.10
[13:24] {Threei}  selling hits
[13:25] {dptl} rcl .40 short?
[13:26] {Threei}  yup
[13:27] {dptl} stop above .50
[13:27] {nemo} might want to see if you can short it up there
[13:29] {dptl} in
[13:30] {Threei}  White House Carney: US contribution to the IMF will not be increased
[13:31] {Threei}  (GR) IMF Official: Despite the impressive fiscal adjustment, there has been no change in Greece's debt trajectory
[13:31] {Threei}  - It is remarkable that Greece has not experienced deflation so far.
[13:31] {Threei}  - Greece's reforms were seen as very challenging from the outset, the govt only has two levers: fiscal policy and structural reform.
[13:31] {Threei}  - Greece will see substantial benefits over time from lower interest rates.
[13:32] {dptl} nope...out
[13:32] {dptl} bad day i am having
[13:32] {Threei}  (GR) According to the recent polls, Greece top two political parties PASOK and New Democracy only have about 13% and 20% respectively ahead of May 6th elections - financial press
[13:35] {dino} ezpw l .01
[13:43] {dino} aaww drop
[13:46] {dptl} rinzed me rcl
[13:47] {dino} hate that when it happens
[13:51] {dino} guid drop
[13:51] {nemo} this might be bounce area in next .15 for iwm
[13:51] {nemo} I liked next .06 cents
[13:51] {dino} guid sm l .25
[13:51] {nemo} was looking at tna
[13:51] {nemo} guido?
[13:51] {dino} no, mc
[13:51] {nemo} hammer?
[13:52] {dino} lol
[13:52] {nemo} this is qpp in iwm
[13:53] {Threei}  crap
[13:53] {Threei}  haven't found TZA entry, even though had right sense of direction
[13:54] {nemo} CRAP!
[13:56] {Threei}  was watching it for setup from .90
[13:56] {Threei}  and never got any
[13:59] {Threei}  if pulls back to or just under 19, will be an entry
[14:03] {nemo} db spy
[14:09] {dino} aaww sm l break .00
[14:27] {dino} tpx sm l .89
[14:33] {dino} that sucked, stopped
[14:34] {Threei} Long Setup:  TZA  19 break
[14:34] {dptl} in
[14:34] {Threei}  stop under .95
[14:37] {dino} rvbd l .04
[14:44] {dino} out rvbd .19, +.15
[14:47] {Threei}  sold any, dp?
[14:47] {dptl} no
[14:48] {dptl} you?
[14:49] {Threei}  half
[14:49] {Threei}  but I took a lot
[14:50] {dino} out guid +.02
Session Close: Fri Apr 20 14:52:37 2012

Session Start: Fri Apr 20 14:52:37 2012
Session Ident: #discussions
02[14:52] * Disconnected
02[14:56] * Attempting to rejoin channel #discussions
03[14:56] * Rejoined channel #discussions
[14:56] {Les} everyone quitting on us...
[14:56] {Threei}  lost connection
[14:57] {Threei}  dp
[14:57] {Threei}  sell frikin half
[14:57] {dptl} half out
[14:57] {Threei}  whew
[14:57] {Threei}  lol
[14:59] {Threei}  if we get real pani, .25 - .30 is not out of question
[14:59] {Threei}  and SPY looks like we just might
[15:00] {dptl} where is stop?
[15:00] {Threei}  .98
[15:00] {dptl} k
[15:02] {nemo} spy looking bouncy here
[15:03] {Threei}  really?
[15:03] {Threei}  not to me...
[15:03] {Threei}  looks barely holding on the bronk
[15:03] {nemo} setting up that way 138 area major support
[15:03] {Threei}  brink
[15:03] {dptl} ye...and not to me..lol
[15:03] {Threei}  about to fall down
[15:03] {Les} bonkers?
[15:03] {nemo} not sure they give it up yet
[15:05] {nemo} fair amount of volume came in
[15:05] {nemo} bonkers?
[15:08] {Threei}  let's get that panic
[15:08] {Threei}  I am so looking forward to it
[15:08] {dptl} some more out
[15:08] {Threei}  couldn't believe I missed that TZA run even though was waiting for it... feeling vindicated now
[15:09] {Threei}  1/4 more out .22
[15:09] {Threei}  if that's not a thing of beauty
[15:09] {Threei}  look where our entry is
[15:10] {dptl} stop under .10?
[15:10] {Threei}  yup
[15:10] {dptl} offering .39 last
[15:10] {Threei}  wow
[15:10] {Threei}  you are one greedy trader
[15:11] {dptl} he he...just 100 left...see if i can push it
[15:12] {dptl} ir bounce may be
[15:18] {dptl} ax..was hoping for db on ir....gone now
[15:18] {Threei}  visual: http://goo.gl/2bp8g
[15:27] {Threei}  well TZA... time for an all-out break
[15:32] {Threei}  France's Sarkozy seen losing 2012 election: poll
[15:33] {Threei}  Mr Hollande said he would not endorse the EU fiscal compact if it failed to promote growth.
[15:34] {Les} guy wants to balance deficit in his first 5 years, while promoting growth
[15:34] {Les} frikin dreamer
[15:34] {Threei}  haha
[15:40] {dino} out aaww .30, +.30
[15:47] {dptl} out tza ty
[15:47] {Threei}  :)
[15:49] {dino} lamr drop
[15:49] {dino} amln drop
[15:51] {Threei}  OK guys, no more trades... let's have a great relaxing weekend, shall we
[15:51] {Les} cheers
[15:51] {Threei}  take care, see you all on Monday
[15:51] {dptl} gn all
[15:53] {dino} thx all