5 calls, 5 wins - can't think of better way to celebrate 4th of July!
Session Time: Tue Jul 03 00:00:00 2012
[09:01] {jackharry} good morning guys
[09:01] {Threei} morning jack
[09:01] {Threei} have you guys heard good news from North Korea?
[09:02] {Threei} women are allowed to wear pants and platform shoes, and they are about to embrace pizza and french fries
[09:04] {dino} gm
[09:04] {Threei} dino :)
[09:06] {scottie} gm
[09:06] {Threei} scottie :)
[09:14] {Threei} interesting... FCX and SLW are up with SPY negative
[09:16] {thomcbell} gold and gold stocks strong
[09:16] {Threei} all PMs
[09:19] {thomcbell} lqdt up 4.3%
[09:19] {thomcbell} will look for a short setup
[09:20] {Threei} look at USO
[09:20] {thomcbell} institutional holders gave a big thumbs down last few days
[09:20] {ese} gm
[09:20] {Threei} ese :)
[09:21] {ese} morning vad......got through the booklet part of the chart recognition course yesterday.....took most of the day
[09:21] {Threei} wow, that was fast
[09:22] {dino} 3i, usa moving mine sweepers, aircraft carriers, troops into gulf. perhaps that is why
[09:22] {Threei} yes dino
[09:22] {Threei} certainly ETF to watch as tension mounts
[09:22] {Threei} ese... found it useful?
[09:23] {ese} am a fast reader.......yes there were a couple of things in there that i've missed....for instance
[09:24] {ese} on the double bottom setup........i didn't realise that the second double bottom doesn't go through the BB on the more common setup
[09:24] {dptl} gm
[09:25] {Threei} dp :)
[09:25] {ese} DDDDDDDPPPPPPPPP!!!!!!!!!
[09:25] {dptl} :)
[09:25] {Threei} you have skipped my Catch of the Day posts then...
[09:25] {Threei} I refered tp that detail often on them
[09:25] {Threei} BCS drops
[09:26] {Threei} keep an eye for short candidate
[09:26] {ese} yes.....have not read all of them.......have read a few but not all
[09:26] {_dolores} hi GM
[09:26] {Threei} dolores :)
[09:26] {ese} D
[09:26] {_dolores} hello guys
[09:29] {ese} and..................for whatever reason.......i hadn't considered the 1/3 time length on the handle part of the C&H setup.......
[09:29] {ese} or .......knew that but had forgotten it
[09:30] {_dolores} LQDT nice bounce today
[09:30] {ese} was a very good review for me.......took me about 6/7 hours to go through it
[09:32] {dino} indeed dolores
[09:32] {cipher} lqdt l.34
[09:32] {Threei} Long Setup: FCX .60 break hl
[09:32] {Threei} If holds .50
[09:33] {cipher} out lqdt -.28
[09:34] {Threei} 1:1 but I really doubt you could get it
[09:34] {Threei} unless took aggressively
[09:34] {scottie} way too fast
[09:34] {thomcbell} short setup slw 27.77 break
[09:34] {thomcbell} target 1:2
[09:35] {_dolores} FCX still on?
[09:35] {Threei} Long Setup: FCX .55 break hl
[09:35] {Threei} If holds .45
[09:35] {cipher} l lqdt .00
[09:35] {Threei} with different trigger this time
[09:36] {cipher} out 1/2 .37
[09:37] {Threei} half out
[09:37] {Threei} .64
[09:38] {_dolores} misssed it did not get filled and had it .56
[09:38] {scottie} out .66, +.10 ty Vad
[09:38] {_dolores} nice call
[09:38] {cipher} out 1/4 lqdt .47 +.47
[09:38] {Threei} out in full .78
[09:38] {thomcbell} stopped slw
[09:39] {cipher} out fcx .80 thx vad
[09:39] {Threei} yw
[09:39] {Threei} ugh... has a call on X .45 break ready and it blew through it too fast for an akert
[09:39] {Threei} has = had
[09:40] {Threei} Short Setup: USO .70 break
[09:40] {Threei} Invalidated
[09:41] {dino} fcx to .88
[09:41] {dino} out +.32 ty 3i
[09:42] {Threei} nice trailing
[09:42] {cipher} out las 1/4 lqdt .56 +.56
[09:42] {Threei} wtg
[09:42] {jackharry} +0.22 on FCX, nice start to day, thanks
[09:43] {Threei} :)
[09:43] {Threei} Short Setup: BCS .75 break
[09:43] {Threei} If holds .80
[09:43] {dino} gj cipher
[09:44] {cipher} ty
[09:44] {Threei} Short Setup: USO 33 break
[09:44] {Threei} sheesh... fast
[09:45] {Threei} let's see if gives second chancer entry
[09:45] {Threei} If holds .05
[09:45] {cipher} uso target?
[09:45] {_dolores} BCS invalidated?
[09:45] {Threei} ese, look at two tops and their relation to BBs
[09:45] {Threei} BCS, yes
[09:46] {Threei} cipher, let's manage it with trailing
[09:46] {Threei} half out
[09:46] {cipher} ok
[09:46] {Threei} stop to .01
[09:46] {Threei} try for 1/4 near .80 and last piece .60 - .65
[09:47] {cipher} uso looks strong today
[09:47] {cipher} thought maybe a scalp only
[09:47] {thomcbell} up on turkey and syria - Iran im assuming
[09:47] {Threei} should have more in it here
[09:48] {Threei} yes tbell. Uran
[09:48] {Threei} Iran
[09:48] {Threei} US military build-up in the area
[09:49] {Threei} ese... see the real time illustration to that double top BB trick?
[09:50] {Threei} Short Setup: FCX 35 break
[09:50] {Threei} If holds .10
[09:54] {Threei} Invalidated
[09:55] {jackharry} Barclays Chief Operating Officer has resigned now, that's the Chairman, Chief Executive and COO in two days, and probably not finished yet
[09:56] {Threei} numbers at 10, May factory orders
[09:56] {Threei} Consensus expectations:+0.1%e v -0.6% prior **Note: Could also see revisions to the Durable Goods data
[09:56] {ese} L btu .68
[09:57] {dino} fire sm l .50
[09:57] {ese} out .79 +.11
[09:58] {dino} gj
[09:58] {Threei} Short Setup: LVS 43 break hl
[09:58] {ese} tks....
[09:58] {Threei} If holds .10
[10:00] {Threei} (US) MAY FACTORY ORDERS: 0.7% V +0.1%E
[10:00] {_dolores} triggred or has to be 42.99?
[10:00] {Threei} needs to break 43
[10:01] {_dolores} ok
[10:01] {Threei} it didn't
[10:01] {Threei} and invalidated now
[10:01] {dino} fosl sm l .29
[10:02] {dino} out fosl .68, +.39
[10:03] {ese} L twtc .48
[10:04] {ese} nice dino...clasic DB with fols
[10:04] {ese} fosl
[10:04] {Threei} Short Setup: ASLV .40 break
[10:04] {Threei} SLV
[10:04] {Threei} sorry
[10:04] {Threei} Short Setup: SLV .40 break
[10:05] {Threei} If holds .45
[10:05] {cipher} +.34 fire thx dino
[10:06] {dino} wtg
[10:06] {ese} nope out twtc .34 -.14 tried aggressive entry ....
[10:07] {Threei} move SLV stop to .42
[10:08] {dino} out fire .03, +.53
[10:08] {dino} too soon
[10:09] {dino} fire sm l .22
[10:11] {dino} 40 dma at .70
[10:13] {thomcbell} long setup spxu 46.50 break if holding 46.40
[10:13] {thomcbell} sorry was late but i am there
[10:14] {thomcbell} target is 46.75
[10:16] {Threei} half out .332
[10:16] {Threei} .32
[10:16] {Threei} scalpers be happy
[10:16] {Threei} this is typical scalp type I play, ese special
[10:16] {Threei} type one, that is
[10:17] {Threei} if partial, stop to .39 now
[10:21] {dino} out fire .82, +.60
[10:22] {ese} tks will check it out in a minute just L bby .96
[10:22] {Threei} wtg
[10:22] {cipher} wtg dino
[10:22] {ese} dino is on fire
[10:22] {dino} ;)
[10:23] {dino} fire, ceo in hospital/cancer. should not drop it 10% imo
[10:24] {ese} weirder things have happened
[10:24] {dino} indeed
[10:24] {dino} but its an odds play
[10:34] {thomcbell} out spxu
[10:34] {ese} out bby .08 +.12........a K of the little blighters
[10:37] {ese} what am i looking at with SLV vad......
[10:38] {ese} aside from going long here
[10:38] {ese} .40
[10:39] {Threei} nothing anymore, the play is long over
[10:39] {Threei} was a short on .40 break
[10:39] {dino} grabbing some july fosl calls
[10:39] {Threei} with 5 cents stop and 8 cents cover for a big position
[10:40] {ese} ahhhhh tks........would have enjoyed seeing that
[10:40] {Threei} well, you'd have to take me off ignore for that...
[10:40] {_dolores} vad is the market breaking out here or resistance?
[10:41] {Threei} hard to tell... it made a new high but can't rwally tell how sustainable it is on a short day
[10:46] {ese} Well I never............i've never had you on ignore on the board.........welllllllll.....ok maybe once.........alright.....a couple of times........crap.........ya a bunch of times
[10:47] {Threei} that's OK, dpon't feel bad... I am used to being ignored - I am married after all
[10:48] {cipher} sounds familiar :)
[10:48] {Threei} :)
[10:49] {ese} hmmmmmm....never one for missing out on a profit..........for a few dollars i can assure you she never hears that.........
[10:50] {Threei} oh, I told her that many times but was ignored...
[10:51] {ese} lol
[10:51] {Threei} Long Setup: CI .75 break hl
[10:51] {Threei} If holds .70
[10:53] {nemo} likely running IWM between 81.30 and 81.80
[10:53] {ese} L btu .86
[10:53] {ese} agressive entry
[10:54] {ese} thats "Buck Tooth University" by the way
[11:05] {Threei} stop to .74
[11:06] {Threei} half out .84
[11:06] {Threei} we are running at 100% today, aren't we
[11:07] {nemo} next run
[11:08] {Threei} out in full .90
[11:09] {cipher} same here, thx
[11:09] {Threei} :)
[11:09] {nemo} listening to the futures pits...no offers, everybody bidding
[11:10] {cipher} what feed is that nemo?
[11:10] {nemo} to the pits in Chicago
[11:11] {Threei} wow CI, out too soon
[11:13] {ese} ya.....lookk at it go
[11:13] {ese} nice one though vad
[11:13] {Threei} yeah, 5:5 so far
[11:14] {Will49} Oh...feel the greed
[11:14] {nemo} still bidding in the pits, no pullbacks yet
[11:14] {Threei} :)
[11:14] {ese} classify that as classic DB with bull flag attached
[11:15] {jackharry} out final bit of CI at 43.01, thank you
[11:18] {ese} nice J
[11:19] {_dolores} LQDT crazy again
[11:23] {Threei} very nice jack
[11:23] {Threei} utilized it to full degree
[11:24] {dino} gj jack
[11:34] {dino} calling it a day. 4/4 w/calls open. thx all, happy 4th!
[11:35] {cipher} cya dino
[11:39] {ese} out Btu .92 +.06
[11:53] {scottie} That's it for me, see you thursday guys
[11:54] {Threei} take care scottie
[12:01] {ese} grrrrrrrrrrrrrrr...btu
[12:02] {Threei} - NYSE volume 245M shares, about 14% below its three-month average; . - NASDAQ volume 655M shares, about 8% below its three-month average;
[12:03] {Will49} Do influential traders stay at the job over noon hour on a short day?
[12:04] {Threei} I'd think, just to keep an eye on possible big news
[12:05] {Threei} othwer than that, very limited activity
[12:05] {Will49} TKS
[12:14] {ese} L ocz .15
[12:28] {_dolores} have agreat holiday guys see you thursday....thxs
[12:28] {_dolores} :)
[12:28] {Threei} take care dolores, have fun
[12:29] {Threei} Lobster glut has driven prices in Maine so low that fresh lobster is cheaper than packaged bologna
[12:29] {Threei} hmmm
[12:29] {Threei} be back in a week
[12:29] {Will49} :)
[12:30] {Threei} uh oh
[12:30] {Threei} "nwver beklieve anything until it's officially denied":
[12:30] {Threei} (IT) Italy PM Monti: There is no emerging rift with Chancellor Merkel over budget discipline
[12:30] {ese} get me a flight on that plane too will ya
[12:30] {Threei} I am taking bets on a boxing match between the two
[12:31] {Threei} my bet is on Merkel
[12:31] {Threei} she'll beat him to pilp
[12:31] {Threei} pulp
[12:31] {ese} agreed
[12:34] {Threei} actually, speaking of lobsters... I was going to go crabbing later today
[12:34] {Threei} hopefully weather lets up a bit
[12:35] {Threei} (US) CFTC plans meeting for July 10 for consideration of final rules to define the term 'swap'
[12:35] {Threei} while at it, why don't they define terms "is," "that woman" and "cigar"
[12:42] {Threei} OK guys, I think we can safely leave this market be till Thu
[12:42] {jackharry} Thanks Vad, see you Thurs
[12:42] {Threei} respectable performance on what threatened to be totally dead day
[12:42] {Threei} have fun, get rest
[12:42] {Threei} Happy 4th of July
[12:42] {Threei} see you on Thu
[12:43] {dptl} see ya thu
[12:46] {ese} cya dp
