Session Time: Wed Jun 13 00:00:00 2012
[09:08] {Threei} OK... time to wake up probably... even though most prefer to sleep to 8:25
[09:08] {Threei} 9:25
[09:09] {scottie} gm
[09:09] {Threei} scottie :)
[09:10] {jimmy} GM everyone. I m a newbie
[09:11] {cc_8} nice, so am i
[09:11] {scottie} gm jimmy
[09:11] {Threei} morning jimmy, welcome to the room
[09:11] {jimmy} thanks. first time in this chatroom. hope to learn.
[09:12] {scottie} I've only been here for a few weeks jimmy
[09:12] {dptl} gm
[09:12] {Threei} dp :)
[09:12] {Threei} from yestrday's eod: 15:59] {scottie} I'm 6 on 7, thanks Vad {--- not bad for a newbie
[09:14] {scottie} lol
[09:19] {Beau} good morning you all
[09:19] {Threei} beau :)
[09:19] {Threei} hmmm... why on earth would I get an e-mail suggesting I buy real mink eyelashes...
[09:20] {Threei} even at 68% off, I am not tempted
[09:22] {Threei} so far morning looks encouraging
[09:23] {Threei} I like these red openings if they are not too big
[09:25] {dino} gm
[09:25] {Threei} dino :)
[09:25] {dino} welcome to the jungle jimmy
[09:26] {jimmy} thanks buddy
[09:26] {Threei} let's skip firast few min, let the opening volatility work itself out and hope market doesn't drop 100 points right out of the gate
[09:26] {Threei} then hunt shorts into bounces and breakdowns of consolidations
[09:27] {Threei} FCX looks good for shorting but its opening spikes are too big lately
[09:27] {Threei} FAZ and TZA of course, always on the radar
[09:28] {Threei} FAZ looks better vehicle for today so far
[09:31] {Threei} don't do this to us SPY
[09:31] {Threei} bounce first
[09:32] {Threei} Long Setup: FAZ .55 break
[09:32] {Threei} If holds 50
[09:32] {dino} tsco?
[09:33] {Threei} no go
[09:33] {nemo} spy at pivot iwm at weekly pivot
[09:33] {Threei} TSCO symathy with TITN, bad report
[09:34] {dino} hmm, few days ago
[09:34] {Threei} yeah, June 7
[09:34] {Threei} nothing fresher
[09:34] {dino} ok seeing same
[09:34] {Threei} FAZ rinse... overtightened stop
[09:35] {Threei} Short Setup: FCX .20 break
[09:35] {Threei} If holds .30
[09:35] {nemo} should shot jnj
[09:35] {nemo} they'
[09:35] {Threei} half lot as usual at the open
[09:35] {nemo} ve been selling up gaps
[09:35] {Threei} target 1:2
[09:36] {Threei} FAZ, let's do a second try
[09:36] {Threei} .55 break again
[09:37] {Threei} change to .50
[09:38] {Threei} Invalidated
[09:38] {Threei} FCX, trail stop to .26
[09:38] {dino} tsco sm l .48
[09:40] {dino} out .10, +.62
[09:40] {Threei} wtg
[09:40] {dino} ty
[09:40] {nemo} .60 battleground jnj
[09:40] {cipher} tsco s.10
[09:41] {cipher} out 1/2 .70
[09:41] {cipher} OUT REST .50 +.60
[09:41] {Threei} Long Setup: TZA .70 break
[09:41] {Threei} nice one cipher
[09:41] {dino} gj cipher
[09:41] {cipher} thx
[09:41] {Threei} you guys played it like violin
[09:42] {Threei} TZA change to .60
[09:42] {Threei} stop .54
[09:43] {Threei} maybe too tight but I don't like volatility still
[09:43] {Threei} out FCX
[09:45] {Threei} not my morning so far
[09:45] {Threei} rinses everywhere
[09:46] {cipher} tsco l .53
[09:46] {cipher} out 1/2 .80
[09:47] {Threei} (US) Preview: Apr Business Inventories due out at 10:00ET**Consensus expectation: 0.3%e v 0.3% prior
[09:47] {Beau} gj c
[09:47] {cipher} ty
[09:47] {cc_8} FYI beau i just fixed you up
[09:47] {dino} gj
[09:47] {cc_8} everything should be good now
[09:48] {Beau} thanks.
[09:48] {cc_8} np
[09:48] {Beau} you might look into the ini prob.
[09:49] {cc_8} the problem was because i didnt set the BP and MAX LOSS
[09:49] {cc_8} i dont think it had anything to do with the ini, although im not sure because we didnt isolate the parameter problem first
[09:49] {Beau} ok should i install new ini?
[09:50] {Threei} Short Setup: MUR .70 break smaller shares
[09:50] {Threei} If holds .80
[09:50] {cc_8} TZA is in the money big time
[09:51] {cc_8} one sec beau, while i check it out for you
[09:52] {Threei} Short Setup: LVS .40 break
[09:52] {Threei} If holds .50
[09:53] {Threei} not a scalp, target 1:3
[09:54] {Threei} if invalidates, let's look for another trigger
[09:54] {Threei} most likely around .60
[09:54] {Threei} valid so far
[09:55] {scottie} hit the button too soon, in at .43
[09:55] {Threei} fine, it triggered
[09:55] {Threei} consider it aggressive entry
[09:56] {Threei} 1:1
[09:56] {scottie} out at .30, +13 ty Vad
[09:56] {Threei} yw but too soon
[09:56] {scottie} So I see
[09:57] {cc_8} beau email sent
[09:57] {Threei} 1:2
[09:57] {Beau} thx cc
[09:58] {Threei} stop .36 for the last part
[09:59] {Beau} +.18 on LVS and big thx vad
[09:59] {Threei} :)
[10:00] {Threei} need couple more of this kind to right the day
[10:00] {cipher} aapl l .25
[10:00] {cc_8} nice trades beau
[10:00] {Threei} Attention: DIS'REGARD mur
[10:00] {Threei} too slow, not worth it
[10:01] {dino} gj beau
[10:03] {cipher} out 1/2 aapl .00
[10:03] {Beau} thanks
[10:04] {cipher} out rest aapl 576.20 +.95
[10:04] {dino} pvh sm l .92
[10:05] {Threei} done with LVS for now
[10:06] {cipher} cat l .03
[10:09] {cipher} out 1/2 .20
[10:10] {cipher} out rest .30
[10:12] {Beau} very good c. hot today
[10:15] {dino} in the zone cipher
[10:16] {dino} pvh to .25
[10:16] {dino} out slip, .22 ave +.30
[10:18] {Beau} good one dino
[10:19] {scottie} chk s .17 ?
[10:19] {scottie} not .17, 17
[10:20] {scottie} forget it
[10:20] {scottie} wrong direction
[10:21] {nemo} news wfm
[10:24] {scottie} cnc double top ?
[10:24] {Threei} can't tell, a bit too slow
[10:25] {scottie} ok
[10:27] {dino} ty beau
[10:28] {dino} wfm opening 30 stores
[10:36] {dino} dks sm l .50
[10:38] {dino} open gaps filled ndx s/p
[10:38] {dino} dji
[10:39] {Threei} pullback time
[10:39] {Threei} Long Setup: FAZ .90 break
[10:39] {nemo} i'm thinking it's only a pullback to yesterday's trend line
[10:40] {Threei} If holds .85 for scalpers, .80 day traders
[10:40] {dino} needs to suck in more bulls, pm drop imo
[10:42] {Threei} Short Setup: LVS .75 break hl
[10:43] {dino} stop dks -.05
[10:43] {Threei} If holds .85
[10:43] {Threei} FAZ takes too long... not liking it
[10:43] {Threei} trail stop to .84 for evreyone
[10:43] {Threei} out
[10:44] {dino} wtf dks
[10:44] {nemo} next run
[10:44] {Threei} this kind should work faster or odds of failure increase greatly
[10:45] {Threei} LVS invalidated
[10:46] {nemo} tza look sbetter
[10:57] {Threei} Short Setup: LVS .80 break hl
[10:58] {Threei} If holds .90
[10:58] {nemo} looks like spy]
[10:59] {Threei} Invalidated
[11:00] {nemo} next spot is 76.55 area on IWM then we'll know
[11:02] {nemo} tza worth it here if it breaks .25
[11:03] {dino} breakdown
[11:03] {nemo} how much of a breakdown, don't think much
[11:04] {dino} fosl sm s .91
[11:04] {nemo} 1/2 out .35
[11:05] {nemo} stop to .24
[11:05] {nemo} you in coma yet Vad?
[11:08] {Threei} no
[11:08] {Threei} looking at things
[11:09] {nemo} girlie pictures?
[11:09] {nemo} ahh, this tza, nevermind
[11:09] {Threei} where the hell did he put this camera in my office...
[11:09] {nemo} it's in the bunny
[11:10] {cipher} L AAPL .70
[11:10] {Threei} LVS worked as shirt freom .90 but there was no setup
[11:11] {nemo} out tza under .30
[11:13] {cipher} out 1/2 aapl 577.29 +.59
[11:15] {cipher} out rest 577.27
[11:15] {cipher} outta here
[11:15] {cipher} cya
[11:16] {scottie} bye cipher
[11:16] {Threei} take care cipher
[11:18] {dino} cya cipher
[11:22] {Threei} Short Setup: LVS .80 break
[11:22] {Threei} If holds .85
[11:26] {Threei} Long Setup: CAT .80 break hl
[11:26] {Threei} If holds .70
[11:26] {scottie} in cat .81
[11:28] {scottie} out
[11:28] {Threei} no go
[11:28] {Threei} not my day
[11:32] {thomcbell} FIO beginning to look like there is upside on the daily
[11:43] {dino} cov fosl .61, +.30
[11:50] {jimmy} now that it's quieter, what does sm means?
[11:50] {Threei} small shares
[11:51] {jimmy} thks
[11:57] {dino} jimmy, sm = 400 shares for me, hl 500, 1k if nothing typed
[11:58] {dino} sorry for late response, chaos morning/r.e. distractions
[11:59] {jimmy} struggled to keep up....most times couldn't see reasons for setup
[12:00] {dino} my setups are different. do not recommend you trade my trades for awhile
[12:01] {jimmy} yup, only took one....FAZ...got stopped out
[12:07] {nemo} 75.90 area is wpp on iwm, I'm looking for a bounce in that area
[12:10] {nemo} l tna .65
[12:12] {nemo} 1/2 .76
[12:12] {scottie} quick scalp +.10 on tna thanks nemo
[12:13] {nemo} yw
[12:14] {nemo} 1/4 more .90
[12:14] {Threei} nice
[12:15] {Threei} TZA turn should come around .45
[12:15] {nemo} stop to ,65 last quarter
[12:20] {nemo} stop to .74
[12:21] {Threei} watching TZA for sign of reversal
[12:23] {Threei} Long Setup: TZA .50 break
[12:23] {Threei} .45 was the ideal entery as foretold eh
[12:24] {Threei} anyway, this is val,id double bottom setup now,
[12:24] {nemo} stop to .79
[12:24] {Threei} as long as it holds .40
[12:25] {scottie} in .47
[12:27] {scottie} target tza?
[12:28] {thomcbell} long setup swk 62.86 break if holding 62.76
[12:28] {Threei} .70 looks plausible
[12:30] {nemo} alright, I'm bored with this trade
[12:30] {dino} fosl sm l .05
[12:31] {nemo} looking long though
[12:31] {Threei} doesn't look to work
[12:31] {Threei} SPY is trying to break out
[12:32] {Threei} IMO, scratch TZA
[12:32] {scottie} out .43
[12:32] {nemo} stop to .99
[12:32] {scottie} glad I entered at .47
[12:33] {scottie} lost only .04
[12:33] {thomcbell} swk 1:1
[12:33] {dino} gj
[12:34] {nemo} or ya' think I should move stop to .94?
[12:34] {Threei} on TNA?
[12:34] {nemo} yes
[12:34] {Threei} no, .99 is right
[12:35] {dino} nemo, you're pretty much using r1,2,3, pivots, 50 ma, and vwap for turns right?
[12:35] {thomcbell} swk 1:2
[12:35] {dino} gj
[12:36] {nemo} multi time frame too...IWM bounced right at the weekly pivot
[12:36] {dino} asking because you are calling reverses nicely, what is most significant
[12:36] {nemo} when I see reversal setups, at significant levels between both spy and iwm
[12:37] {nemo} I also run fibs
[12:37] {nemo} I watch standard price support/resistance...notice spy had price support going back to about 10:20 at that level
[12:38] {dino} yes
[12:39] {nemo} so, when multiple levels line up, and your indicators or candle/bar reads line up...bingo
[12:40] {thomcbell} swk 1:3
[12:40] {nemo} Now, what is also perhaps unusual about index etfs: those hated indicators work very well with them, because they are so liquid
[12:40] {nemo} also, I watch the base etf IWM and SPY, to trade TNA TZA UPRO SPXU
[12:40] {thomcbell} sold 1/4 at 63.12
[12:41] {nemo} stop is .49
[12:41] {nemo} the leveraged etf's have distortion because of the option action, so I don't trade off those
[12:42] {nemo} not that you can't, Vad does it well, just IWM and SPY are closer to the reality off which TNA/TZA et. al. move
[12:44] {nemo} btw, I have posted my panel view where I have 2/3 minute and 15 minute of IWM and SPY up at all times
[12:44] {dino} thks buddy
[12:44] {dino} seen it
[12:44] {dino} i usually trade individual stocks rather than etf, bigger moves
[12:45] {nemo} what is also behaviorally interesting about SPY and IWM, they often reverse during lunch time just to catch everybody off guard
[12:45] {thomcbell} took swk trade at 63.20 flat
[12:45] {nemo} funny, missed my stop typing, how fortuitous
[12:46] {dino} that reverse at lunch i am familiar with
[12:46] {dptl} thanx for swk tb +.40
[12:46] {dino} 2:30 reverse time too
[12:46] {nemo} out last .60
[12:47] {thomcbell} yw
[12:47] {dino} gj
[12:47] {dino} out fosl .35, +.30
[12:49] {nemo} actually Dino, that was .95 for tna, if you look at the ATRs on TNA UPRO you can't beat them for consistency from day to day, plus you only have to learn two animals
[12:52] {nemo} btw...dino 76.56 was Weekly R1 on IWM
[12:53] {Threei} CAT dividend increase
[13:04] {dino} ok
[13:06] {Threei} Long Setup: FAZ .78
[13:06] {Threei} If holds .70
[13:08] {Threei} Invalidated
[13:20] {Threei} If holds .75 break
[13:20] {Threei} Long Setup: FAZ .75 break
[13:21] {Threei} stiop under .70
[13:21] {Threei} target .90 - .95
[13:21] {thomcbell} long setup etn 39.94 break if holding 39.86
[13:25] {thomcbell} etn invalidated
[13:27] {thomcbell} but still watching for an entry
[13:27] {scottie} faz scalp + .11 ty
[13:30] {nemo} think we go back to the monthly pivots this week
[13:35] {Threei} took full position scottie?
[13:35] {scottie} was in at .75 and out at .86
[13:36] {nemo} algo I'm looking at is strong buy side at moment
[13:46] {Threei} sheesh
[13:46] {Threei} things really move with no setups today
[13:46] {nemo} well, what I notice just before that drop was tlt hit the top of it's range
[13:47] {nemo} 132.02, nevermind the whole, is major weekly support, plus trend line right undernesth, spy iwm trend line at .20
[13:48] {nemo} I lied, major support 132.92, and of course support of the whole
[13:49] {Threei} (FR) France Govt considering methods to restrict high wages in private industry - financial press
[13:49] {Threei} right
[13:49] {nemo} that should help
[13:49] {scottie} gdx .35 ?
[13:50] {nemo} scottie, gdx topped out at the monthly R1
[13:50] {scottie} thanks
[13:51] {nemo} would likely test it, but that's a strong level at about .46
[13:52] {Threei} I'd be ,looking to short it
[13:52] {Threei} .30 breakdown for instancve
[13:53] {Threei} if holds .35
[13:53] {nemo} you're so negative
[13:53] {dino} gotta hop all, thx
[13:54] {Threei} take care dino
[13:55] {scottie} can't decide long or short, will leave it alone
[13:56] {nemo} well, we either bounce soon, or looks like a double top
[13:56] {nemo} bonds ripping
[13:57] {Threei} stop .36
[13:57] {Threei} target .10 - .15
[13:58] {scottie} didn't take it Vad
[13:58] {Threei} too bad... clean double top
[13:59] {Threei} half out
[13:59] {scottie} should've
[13:59] {Threei} stop to .31, bid second half .12 - .13
[14:04] {Threei} out
[14:04] {Threei} not bad for 5 cents risk
[14:05] {Threei} although overall I am stil not very happy with how I handled today
[14:05] {Threei} yesterday was way more to my liking
[14:06] {nemo} today was a weird day...lotsa cloudiness on the stream
[14:07] {nemo} fas tna bounce area
[14:07] {Threei} be back in 15
[14:12] {jimmy} Good night all
[14:12] {nemo} fas iwm spy all at bounce area
[14:13] {scottie} see you jimmy
[14:20] {nemo} not much of a bounce
[14:21] {scottie} in iwm .95
[14:28] {scottie} lost faith, out flat
[14:37] {Threei} Long Setup: FAZ .05 break
[14:37] {Threei} If holds .95
[14:41] {Threei} target .25 at least, .35 very possible
[14:42] {Threei} 1:1
[14:43] {scottie} stop .99 ?
[14:43] {Threei} .04 already
[14:44] {Threei} let's keep it neat
[14:44] {Threei} 1:2
[14:44] {Threei} stop to .09 for the last quarter
[14:45] {Threei} for the whole day, this is just second play I am fully satisfied with
[14:45] {Threei} first was that LVS short
[14:45] {Threei} stop to .14
[14:53] {Threei} to .19
[14:53] {Threei} out
[14:53] {Threei} OK, breating better
[14:54] {Threei} you OK scottie? :)
[14:54] {scottie} Partialled out as planned, ty Vad
[14:54] {Threei} cool
[14:54] {Threei} ok, 20 min break and let's see what end of day brongs
[15:25] {Threei} wow
[15:25] {Threei} nice action
[15:26] {scottie} tna db?
[15:27] {Threei} formally yes but feels like it will fail
[15:27] {Threei} more selling in cards
[15:27] {scottie} ok
[15:27] {nemo} I don't really see it
[15:27] {Threei} which part?
[15:28] {nemo} long
[15:28] {Threei} yeah
[15:28] {nemo} neither iwm spy or iyf looking long
[15:28] {nemo} need all three on this fall
[15:28] {Threei} no, panic in the air
[15:30] {Threei} TZA
[15:30] {Threei} .30 BREAK
[15:30] {Threei} long
[15:30] {Threei} If holds 20
[15:33] {Threei} change to .20 break
[15:34] {Threei} with .14 stop
[15:34] {scottie} in .22
[15:35] {nemo} ok. iyf starting to look long
[15:35] {Threei} no go TZA
[15:50] {Threei} rinse
[15:53] {Threei} OK guys, can't tell I am happy with today, too many rinses
[15:53] {Threei} have a good evening, see you tomorrow for a better day
[15:54] {scottie} A little bit down, not that bad after all, thanks Vad
[15:54] {dptl} gn all
[15:54] {scottie} gn
