Friday, May 25, 2012

May 25 2012

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


Nice profitable day, even so activity was very low. Got a nice visual for a Double Bottom trade though:


[09:51] Long Setup: CHK .80 break if holds .75
[09:52] half out .89
[09:52] 1/4 more out .95
[09:53] cute double bottom
[09:56] stop .89 last piece of CHK
[09:57] want to get out into spike after 16 break
[09:58] stop to .94
[09:58] to .99
[09:59] out .05






Session Time: Fri May 25 00:00:00 2012
[09:13] {Threei}  hmmm... are we on strike today? :)
[09:14] {dptl} gm
[09:15] {Threei}  morning
[09:21] {ese} gm
[09:22] {Threei}  ese :)
[09:22] {dino} gm
[09:22] {Threei}  dino :)
[09:22] {ese} morning vad
[09:23] {dptl} market closed monday, right?
[09:23] {Threei}  yes
[09:23] {ese} wheres patience these days.........climbing Mt Everest or something
[09:23] {Threei}  and if EU falls apart over weekend, maybe Tuesday too, lol
[09:23] {dptl} lol
[09:23] {ese} dp
[09:24] {dptl} ese :)
[09:25] {Threei}  very meek opening
[09:26] {Threei}  slightly up earlier, slid down into red, now flat
[09:26] {Threei}  EUR touched 1.25
[09:27] {Threei}  (GR) Banks in France now said to be formulating contingency plans for a possible Greece exit
[09:27] {Threei}  whole thing is teetering on a brink
[09:30] {ese} am planning my next holday to Greece already.........when they exit their currency will devalue and it'll be the cheapest place on the planet to visit......perfect
[09:30] {thomcbell} how it should be 
[09:30] {ese} definitely
[09:30] {thomcbell} euro hurt them - it used to be a great cheap place to go
[09:30] {Threei}  we also need some airline to go bankrupt and provide us with $100 airfare
[09:32] {ese} indeed
[09:33] {Threei} Long Setup:  FCX  .35 break hl
[09:34] {Threei}  stop under .30
[09:34] {Threei} Long Setup:  SLW  .25 break
[09:34] {Threei}  SLW was too fast
[09:35] {Threei}  FCX, feel free to take scalp
[09:35] {Threei}  out .45
[09:36] {Threei} Short Setup: SLW  .50 break
[09:36] {Threei}  stop .56
[09:36] {Threei}  sheesh
[09:36] {Threei}  same setup again
[09:37] {Threei}  too early on exit, FCX
[09:37] {thomcbell} long setup chk 16.01 break if holding 15.91
[09:38] {Threei}  out SLW
[09:39] {Threei} Long Setup:  CAT  91 break hl
[09:39] {Threei}  If holds  .85 
[09:41] {Threei}  target 1:3
[09:42] {Threei}  no go
[09:44] {Threei} Long Setup:  X  .80 break
[09:44] {dino} tkr drop
[09:44] {Threei}  If holds  .70 
[09:44] {Threei}  change to .70 break
[09:44] {Threei}  If holds  .65 
[09:45] {Threei}  ha;f out
[09:45] {Threei}  1/4 more out
[09:45] {Threei}  stop .69
[09:45] {dino} tkr sm l .50
[09:46] {Threei} Long Setup:  CHK  .80 break
[09:47] {Threei}  ugh, late by 1 sec
[09:50] {dino} tkr stop -.32
[09:51] {Threei}  CHK
[09:51] {Threei}  same setup
[09:51] {Threei}  got it this time
[09:52] {Threei}  half out .89
[09:52] {Threei}  1/4 more out
[09:52] {Threei}  .95
[09:52] {dino} nice
[09:52] {Threei}  was easy to execute this time, no excuses
[09:52] {Threei}  5 cents risk
[09:53] {Threei}  cute double bottom
[09:54] {thomcbell} i like yours better Vad
[09:54] {Threei}  *(US) MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 79.3 V 77.8E
[09:54] {Threei}  lol
[09:55] {Threei}  out X in full
[09:55] {Threei}  almost forgot about last 1/4
[09:56] {Threei}  stop .89 last piece of CHK
[09:57] {Threei}  want to get out into spike after 16 break
[09:58] {Threei}  stop to .94
[09:58] {Threei}  to .99
[09:59] {Threei}  out
[09:59] {Threei}  .05
[10:06] {Threei}  visual http://goo.gl/8XCCN
[10:07] {dptl} bhp .90 short?
[10:07] {Threei}  nah
[10:10] {dino} pay sm l .00
[10:11] {cipher} aapl s .85
[10:12] {cipher} cov .80 +1.05
[10:12] {Threei}  wtg
[10:13] {cipher} ty
[10:13] {Threei}  lol
[10:13] {Threei}  "This is Ohio. I mean, if you don't have a brewski in your hand, you might as well be wearing a dress."
[10:22] {dino} tkr sm l .81
[10:22] {dino} dks sm l .00
[10:37] {Threei}  not much activity
[10:37] {Threei}  ip... down... no real drive
[10:42] {Threei}  wow
[10:42] {Threei}  that's drive
[10:42] {Threei}  no news
[10:46] {Threei}  why is CHK moving opposite to SPY
[10:47] {Threei}  why am I talking to myself
[10:48] {dino} lol
[10:50] {Threei}  even nemo is not here to provide some snide drunk remrk
[10:51] {dptl} aap .60short?
[10:51] {Threei}  too far from there...
[10:52] {Threei}  maybe aggressive .70
[10:52] {Threei}  and keep shares small
[10:52] {Threei}  pulp
[10:52] {Threei}  if stays under .80
[10:52] {dptl} k
[10:54] {ese} am outta here......vad my high school R&B band is playing in Beacon Hill park on Sunday from 12 to 2:30......maybe cya dn there
[10:55] {dino} cya ese
[10:55] {ese} cya dino
[10:55] {Threei}  got guests over that day ese
[10:56] {Threei}  too bad, I'd love to be there
[10:56] {ese} be a nice day for a walk in the park
[10:56] {Threei}  yeah
[10:56] {ese} cya
[10:56] {Threei}  have fun
[11:01] {dino} abmd drop
[11:10] {dino} pay sm l .00, stop .89
[11:11] {Threei} Long Setup:  LCC  .35 break
[11:11] {Threei}  If holds  .30 
[11:15] {dptl} stopped aap
[11:21] {dptl} in lcc
[11:25] {dptl} stopped
[11:29] {Threei}  oushing it probably
[11:30] {Threei}  no activity
[11:31] {Threei}  oh... news
[11:32] {Threei}  killed it
[11:32] {Threei}  (IR) IAEA releases report on Iran; confirming earlier reports it detected Uranium enriched above the 25% level- Found 368 newly installed centrifuges and uranium enriched at approx 27% (above initially reported levels, but could have occurred for various reasons) - Sees Iran stockpile of high grade uranium reaching 145KG vs 110kg in prior report from February
[11:43] {dptl} long pay .01
[11:44] {dptl} stopped
[11:45] {dino}   abmd l .89
[11:45] {dino} pulp
[11:54] {Threei}  we are locked in a narrow range
[11:54] {Threei}  I assume cl,oser to eod we wll see some action
[12:00] {Threei}  GDX sharp drop
[12:01] {Threei} Long Setup:  GDX  .50 break
[12:01] {Threei}  If holds  45  for scalp, .40 day trade
[12:03] {Threei}  1:1 for scalp
[12:07] {Threei}  1:1 for day trade
[12:10] {Threei}  gotta be very picky
[12:11] {Threei}  guys, I gotta leave for an hour, hour and half
[12:12] {Threei}  don't chase Greece out of the union without me, OK?
[12:13] {dino} ok
[12:44] {dino} dtg spike
[12:57] {Beau} good late morning all
[13:17] {Beau} .
[13:19] {Threei}  back
[13:19] {Threei}  hi beau
[13:20] {Beau} had a good morning?
[13:20] {Threei}  yes, decent
[13:23] {Threei}  (GR) VPRC Poll: Syriza has 28.5% support, New Democracy has 26%, Pasok has 12.5% and Independent Greeks have 7%
[13:24] {Threei}  (EU) IIF's Dallara: EU should support Greece more; situation in Spain financial sector is manageable- Calls on the EU and the IMF to lend Greece another �10B - Estimates costs of a Greece exit from the EMU at �1.0T; notes the world is not prepared for such an occurence
[13:24] {Threei}  1T?
[13:24] {Threei}  souinds like bs to me
[13:27] {Threei}  beau, look at this gem we got earlier http://goo.gl/8XCCN
[13:28] {Beau} beautiful, 
[13:29] {Threei}  argh
[13:30] {Threei}  missed GDX bounce
[13:30] {Threei}  felt uneasy about .50 break withput one more pullback
[13:31] {dptl} got to go ...see ya tue
[13:31] {dptl} have a good weekend
[13:31] {Threei}  have fun dp
[13:31] {Beau} and you d
[13:31] {Threei}  weather is beautiful
[13:43] {Threei} Short Setup: GDX  .85 break
[13:43] {Threei}  If holds  .90 
[13:47] {Threei}  nope
[14:19] {Threei}  wow
[14:22] {Threei}  no news
[14:22] {Threei}  I guess no one wants to stay long into long weekend
[14:27] {dino}  calling it a week, thx all
[14:28] {Threei}  take care dino
[15:10] {thomcbell} good weekend all
[15:10] {Threei}  take care tbell
[15:20] {Threei}  likely to get panic selloff
[15:46] {Threei}  O am so ready for the long weekend
[15:48] {Threei}  FB... jeez
[15:49] {Threei}  I am sure it goes lower
[15:50] {Threei}  Ok guys, I am calling it a week
[15:50] {Threei}  not bad one too
[15:50] {Threei}  see you on Tuesday
[15:51] {Beau} thanks for the info on laser.  enjoy the long weekend vad
[15:51] {Threei}  you too!