One trade had particularly interesting thought process behind it. Pull the FCX 1 min, zoom in on 9:55 and read the call at that time and explanations at 10:05 - 10:10.
Session Time: Thu Apr 26 00:00:00 2012
[08:55] {Les} sorry for party rocking
[08:57] {Les} obviously there is no one in this room under the age of 50
[08:57] {Threei} is it bad?
[08:58] {Les} naah I can play ball with that
[08:58] {Les} just trying to be hip and cool, quoting music from my 9 year old
[08:59] {Threei} "cool"? don't they spell it as "kewl" at that age?
[08:59] {Les} only if I put my foot in his mouth, for spelling cool like that
[09:00] {Threei} but it's not a matter of misspelling - it's just kewl to spell cool that way
[09:00] {Les} He might think it kewl but I have rewls - we speak the queen's english in this house
[09:06] {Les} Draghi causing some unpleasentness this morning. Asking politicians to do something... he forgotten how to turn on the printer?
[09:06] {Threei} not that easy in Europe...
[09:11] {scottie} good morning
[09:12] {Threei} scottie :)
[09:13] {dptl} gm
[09:16] {Threei} dp :)
[09:17] {ese} morning
[09:17] {Threei} ese :)
[09:18] {ese} won't be sticking around long today and probably won't be with you all tomorrow......Nashville here we come
[09:20] {Threei} have fun
[09:21] {ese} definitely.......
[09:32] {Threei} Long Setup: FCX .25 break
[09:32] {Threei} hl
[09:32] {Threei} If holds .15
[09:33] {Threei} 1:1
[09:34] {Threei} Long Setup: LVS 57.05 break hl
[09:34] {Threei} change to .80
[09:35] {Threei} If holds 65
[09:35] {Threei} 1:1
[09:35] {Threei} no time to blink on these plays
[09:35] {cipher} aapl l .85
[09:35] {Les} these spreads are awful
[09:36] {scottie} missed both
[09:36] {scottie} not fast enough
[09:36] {Les} fcx vad
[09:36] {Les} .30? long
[09:36] {Threei} LVS was very tough but FCX was obtainable
[09:36] {Les} got fcx
[09:37] {cipher} out aapl .35 +.50
[09:37] {Threei} Long Setup: FCX .10 break
[09:38] {Les} half pivot at 37
[09:38] {Threei} If holds .05
[09:38] {Threei} half out
[09:38] {Threei} .20
[09:38] {Threei} stop to .09
[09:40] {Threei} out
[09:40] {Threei} how about this one scottie?
[09:40] {Les} GDX crashing
[09:40] {Les} SLW 30 b/d?
[09:40] {scottie} missed it too
[09:41] {Threei} hah
[09:41] {Threei} what do you use for a broker?
[09:41] {nemo} GG missed
[09:41] {scottie} not fast enough this morning
[09:41] {Les} ah I see nemo
[09:41] {Threei} don't see any setup on SLW right now
[09:42] {thomcbell} gdx at pivot
[09:42] {thomcbell} slw way above
[09:42] {thomcbell} starting to look like a short setup
[09:42] {Threei} SLW looks rather long to me
[09:43] {thomcbell} two sided 29.97 break 30.14 break
[09:43] {Les} vwap .04 on slw
[09:43] {Threei} Long Setup: SLW .05 break
[09:43] {Threei} If holds .95
[09:44] {Les} partialed at .12 need to leave shortly
[09:45] {Threei} 1:1stop .99
[09:45] {Threei} umm
[09:45] {Threei} stop .99
[09:46] {Threei} 1:1 now
[09:46] {Threei} scottie... tell me you got this one
[09:47] {Les} I am out .19
[09:47] {scottie} got this one, out 1.1 .16, thanks vad
[09:47] {Threei} whew
[09:47] {Les} ty for the fishes vad
[09:47] {Threei} welcome
[09:47] {thomcbell} excellent vad
[09:47] {Les} c u's for closing
[09:47] {thomcbell} gdx nice bounce off pivot
[09:48] {Threei} that was the idea of the SLW play tbell
[09:48] {thomcbell} excellent
[09:48] {Threei} if GDX bounces off puvot, SLW with its relative strength should leadthe charge
[09:48] {Threei} 1:2, out
[09:48] {thomcbell} lvs wicked first 20 min
[09:53] {Threei} 77% Say Most Politicians Don�t Keep Campaign Promises
[09:53] {Threei} and 23% live on Saturn
[09:55] {Threei} Long Setup: FCX .30 break
[09:56] {Threei} change to .25 break
[09:56] {Threei} If holds .20
[09:57] {Threei} aim to sell half near .35
[09:57] {Threei} and hold part for .40 all-out break
[09:57] {nemo} home sales 3 min
[09:57] {Threei} they'll be good
[09:59] {Threei} first exit
[09:59] {Threei} stop to .24
[09:59] {Threei} *(US) MAR PENDING HOME SALES M/M: 4.1% V 1.0%E; Y/Y: % V 7.3%E
[09:59] {Threei} told you
[10:00] {Threei} Y/Y: 10.8% V 7.3%E
[10:00] {Threei} that's 5 for 5 this fine morning
[10:00] {scottie} ty vad
[10:01] {Threei} 1/4 more out FCX
[10:01] {Threei} welcome sir
[10:01] {Threei} but I am concerned about 3 you've missed... might want to look into faster broker
[10:01] {Threei} stop to .34
[10:02] {scottie} not broker's fault, inexperience
[10:02] {Threei} what do you use?
[10:02] {Threei} out in full .52
[10:02] {scottie} disnat
[10:02] {Threei} ok... that is slowr than day trading requires
[10:03] {Threei} rambler was using it, switched to Laser, couldn't believe the difference
[10:03] {scottie} will look into it, thanks
[10:03] {Threei} talk to cc_8, he will help you with demo
[10:04] {Threei} FCX, not too shabby for 6 cents risk
[10:04] {cc_8} hello, did someone summon me
[10:04] {nemo} what was the setup vad?
[10:04] {Threei} who rubbed that lamp?
[10:05] {Threei} this wass a work in progress nemo... look at the 1 min before 9:55 candle
[10:05] {cipher} meli l .89
[10:05] {Threei} see C&H forming?
[10:06] {Threei} with .40 trigger
[10:06] {Threei} that's when I started monitoring it, and even prepared a call .40 break
[10:06] {nemo} ahhh
[10:06] {Threei} then it lost .30,
[10:06] {Threei} and still eyeing that break I started looking for aggressive entry
[10:07] {Threei} it paused between .25 and .30, I alerted .30 break
[10:07] {Threei} it lost .25, I changed to .25 break
[10:07] {Threei} if it lost .20, whole idea would be invalidated
[10:07] {Threei} because .20 was half way between rim and cup bottom
[10:08] {Threei} under it C&H was no longer valid
[10:08] {Threei} now if you look at the whole chart, you can see C&H playing out, and us getting nice aggressive entry within 5 cents of handfle's bottom
[10:09] {nemo} yep
[10:09] {nemo} volume was a tough read though
[10:09] {Threei} this walkout through the decision-making process may be the most valuable thing in today's log, especially if you read 111 Trades course
[10:09] {Threei} so, to finish on high note... may I go home?? :)
[10:10] {nemo} look around you vad
[10:10] {nemo} what do you see?
[10:11] {Threei} you assume my eyes open...
[10:11] {nemo} forgot, you have braille on your keys
[10:11] {Threei} not even that... I hit them randomly
[10:11] {Threei} Short Setup: FCX .55 break
[10:12] {Threei} If holds BELOW .60
[10:17] {Threei} stop to .56
[10:18] {Threei} half out .46
[10:18] {Threei} stop to .51
[10:20] {Threei} 1/4 more out
[10:21] {Threei} stop to .46
[10:22] {Threei} time to chok it
[10:22] {Threei} .41
[10:23] {Threei} .36
[10:23] {thomcbell} nice vad
[10:23] {Threei} :)
[10:23] {thomcbell} fcx
[10:24] {Threei} out
[10:24] {Threei} .30
[10:24] {Threei} 25 cents reward for 6 cents risk
[10:24] {Threei} shameless
[10:25] {scottie} beautiful
[10:25] {Threei} shamelssly beautiful
[10:25] {Threei} 6 for 6
[10:27] {Threei} where is dino... beau... sciborg...
[10:27] {RonS} could not get in to mibbet until 15 miin after open...
[10:28] {RonS} they may have probs
[10:28] {Threei} huh
[10:28] {Threei} must be on some routes
[10:29] {Threei} a few in the room on mibbit, were in from before the open
[10:29] {RonS} log in went to blank page...
[10:29] {RonS} mibbet screen but blank
[10:29] {scottie} I was on mibbit at 9:15 without problem
[10:31] {Threei} maybe get mirc as a backup
[10:31] {Threei} or you may like it enough to make it main way to connect
[10:31] {Threei} one link in chain less
[10:31] {scottie} good idea
[10:43] {nemo} anf
[10:45] {thomcbell} aapl breaks low
[10:55] {Threei} watching C for pullback entry
[10:55] {Threei} want it under .80
[10:56] {Threei} dino... missed beautiful morning
[10:57] {dino} bummer. had a closing, sold that foreclosure flip, so all in all, good day
[10:57] {Threei} OK :)
[10:58] {Threei} Long Setup: C .75 break
[10:58] {Threei} If holds .70
[10:59] {cipher} aapl l 604.50
[10:59] {cipher} out 605.29
[11:00] {cipher} too soon
[11:00] {Threei} lol
[11:00] {Threei} diaper stock
[11:00] {cipher} was waiting for this buy all morning
[11:01] {Threei} take scalp or partial out here
[11:01] {dino} gj
[11:01] {Threei} if partial, stop to .74
[11:02] {cipher} thx all cya tomorrow
[11:02] {Threei} take care cipher
[11:04] {Threei} out in full
[11:05] {Threei} 7 for 7
[11:08] {nemo} lvs looks short, but stretch for stop
[11:08] {Threei} yeah, consolidation is too loose
[11:09] {dino} cya cipher
[11:09] {Threei} btw guys, I have a doctor appointment tomorrow around 1 pm, follow-up to that minor eye surgery I had a month or so ago
[11:10] {Threei} should not take more than hour and half
[11:10] {Threei} so, will be off during inactive time only
[11:10] {RonS} got C +.14 thanks 3i
[11:10] {Threei} :)
[11:12] {Threei} LVS tightens a bit
[11:13] {Threei} maybe an aggressive entry
[11:13] {Threei} Short Setup: LVS .15 break hl
[11:13] {Threei} if stays under .25
[11:14] {Threei} change to .20 break
[11:15] {dino} eye ok?
[11:15] {nemo} esv
[11:15] {Threei} yes, ty
[11:15] {Threei} Invalidated LVS
[11:16] {dino} hate for you to lose that 3rd eye, :D
[11:16] {Threei} no kidding :})
[11:16] {Threei} I asked doc about that, he said not to worry, he has a big drill for forehead
[11:18] {dino} orly drop
[11:19] {dino} sm l .60 orly
[11:20] {dino} out .64, +1.04
[11:23] {dino} orly drops again
[11:23] {dino} definition of pulp
[11:24] {Threei} nice one
[11:25] {dino} got lucky, thing is all over on .40 moves
[11:25] {dino} looks like it wants open gap
[11:25] {nemo} rig offer
[11:26] {scottie} That's all for me, thanks Vad, see you tomorrow guys
[11:26] {nemo} it's gone, see if it comes back
[11:26] {dino} cya scottie
[11:26] {Threei} take care scottie
[11:29] {RonS} CAB gunned down...
[11:30] {dino} cab sm l .01
[11:33] {dino} stop is lod
[11:33] {dino} crox blood, gap 19.40 area
[11:34] {dino} idcc blood
[11:39] {dino} gotta hop back in hour
[11:40] {nemo} tza might be worth a scalp here
[11:40] {nemo} oops tad late
[11:43] {RonS} has everyone seen the 3D printers?
[11:44] {Threei} read about them
[11:44] {nemo} yeah, they're invented up my way
[11:45] {RonS} $1300 consumer model shipping now from DDD
[11:48] {RonS} lol...used to sell 1 hr vhs machines from jvc for that in the '70's
[11:49] {Threei} hehe
[11:49] {RonS} ...and the tape was $20!
[11:49] {RonS} ...per...
[11:56] {RonS} Moscow pic: http://tinyurl.com/6wu7un6
[11:57] {Threei} BREAKING MASSIVE GREEN ASHES COVER MOSCOW. RUMORS ON CHEMICHAL ACCIDENT. WITNESS REPORTS ON DOZENS OF AMBULANCES DRIVING TO SADOVOE KOLCO.
[11:58] {dptl} oh boy...what the heck did they do again
[11:58] {Threei} no confirnation from credible sources so far
[11:59] {Threei} only twitter rumors
[11:59] {RonS} "apparently Russian officials cannot look up"
[12:00] {nemo} muslim brotherhood
[12:01] {RonS} ya well dp, here in CO guvmint set a contolled burn in 70 mi/hr winds
[12:01] {RonS} controlled
[12:01] {RonS} $30 mil in damage and 3 people died
[12:02] {RonS} 2 hrs before 1st evac call made
[12:06] {nemo} http://goo.gl/YZmgH
[12:07] {nemo} looks lie iwm wants higher
[12:08] {RonS} lol...crox reports great nos, squishy guidance -10%...skx loses less $, +10%
[12:08] {RonS} sheesh nemo, that is creepy...
[12:13] {Threei} if there is something I regret today it's not shorting GG
[12:13] {Threei} several setups
[12:17] {Threei} - Follow up: 12:04ET reports indicating the Emergency Services Agency is calling the green cloud pollen.
[12:26] {nemo} lvs tempting here
[12:26] {nemo} coh too
[12:28] {Threei} for long?
[12:30] {nemo} coh short, thinking lvs goes short to, perhaps off this pullback
[12:30] {nemo} lunchtime, and spy has been trading like it's summer almost all day
[12:32] {nemo} tna scalp above .60?
[12:36] {Threei} nah
[12:36] {Threei} Short Setup: GG .50 break
[12:36] {Threei} If holds UNDER .55
[12:37] {nemo} I was thinking long on that, hahaha
[12:42] {Threei} half out .42
[12:42] {Threei} stop to .51
[12:42] {Threei} 8 for 8
[12:47] {Threei} 1/4 more out
[12:48] {Threei} stop to .46
[12:49] {Threei} to .41
[12:50] {Threei} to .36
[12:50] {Threei} last regret of the day gone
[12:53] {Threei} out .26
[12:53] {Threei} +.23
[12:54] {Threei} anyone is still breathing?
[12:54] {Threei} or my awesomness left you all speechless?
[12:54] {nemo} celg
[12:56] {Threei} funny thing... the better my calls are the less people are willing to talk to me
[13:03] {nemo} agn offer
[13:06] {nemo} unh
[13:23] {nemo} that .95 offer on agn very real
[13:32] {Threei} http://photography.realitytrader.com/2012/04/flowers-of-sidney-calendar.html
[13:32] {Threei} http://photography.realitytrader.com/2012/04/sidney-calendar.html
[13:38] {RonS} nice 3i...did you get paid or did you publish yourself?
[13:39] {Threei} I publish these for particular order
[13:39] {Threei} so yes, get paid
[13:40] {RonS} vix crash
[13:41] {Threei} no news
[13:42] {Threei} there is also a new photobook in process of printing... that one I publish myself and sell through several venues frequented by tourists
[13:42] {Threei} will put it online too
[13:44] {Threei} andj... missed fantastic day
[13:44] {dptl} .
[13:45] {dptl} check
[13:45] {Threei} in the mail?
[13:46] {dptl} lol..internet problemm
[14:15] {dptl} what the....am i here?
[14:16] {Threei} yeah
[14:16] {nemo} unfortunately
[14:16] {nemo} sorry, had to
[14:16] {nemo} not really sorry actually
[14:16] {dptl} lol
[14:16] {nemo} just trying to be polite
[14:16] {nemo} did it work?
06[14:16] * dptl slaps nemo around a bit with a large trout
06[14:17] * nemo slaps dptl around with a large razor blade studded 2x4
[14:17] {nemo} with an alcohol sprayer attached
[14:17] {dptl} thats better lol
[14:17] {nemo} kinda' over the top, huh?
[14:44] {dptl} 10B they are spending on Sochi 2014 games?
[14:45] {dptl} how much was it in Vancouver?
[14:47] {Threei} A final audit conducted by PricewaterhouseCoopers released in December 2010 revealed total operation cost to have been $1.84 billion
[14:47] {dptl} heh...and there 10 B
[14:48] {dptl} they'll freeze vodka to make ice rings?
[14:51] {Threei} lol
[14:51] {dptl} would be iteresting to see what they'll do for that kinda money
[14:51] {Threei} no worry - cost will be same as vancouver
[14:51] {Threei} they pad it so there is what to steal
[14:52] {dptl} yep, thats what first coming to my mind too
[15:11] {Threei} zero activity still
[15:11] {Threei} something should come up
[15:11] {Threei} or down
[15:12] {nemo} spy at R3 and IWM hit R2 just below monthly pivot, unless we sell off this will be it
[15:12] {nemo} just below 82 possible on iwm
[15:16] {Threei} http://www.realitytrader.com/sidney/preview/
[15:20] {dptl} great pix's...well done
[15:20] {Threei} ty
[15:28] {dino} 13196 dji filled1398 s/p fill, ndx 2740 still open
[15:32] {Threei} Long Setup: TZA 18 break
[15:32] {Threei} If holds .95
[15:38] {Threei} half out
[15:39] {Threei} stop to .99
[15:44] {RonS} out +.10 thanks 3i
[15:44] {Threei} :)
[15:58] {Threei} OK... time's running out... out TZA
[15:58] {Threei} thank you all, have a good evening
[15:58] {Threei} see you tomorrow
