Thursday, July 12, 2012

July 12 2012

In our typical fashion, we fully reversed the course after couple tough days and turned from a bug into a windshield. 2 small stops and a whole lot of nicely working trades, one after another. 

Session Time: Thu Jul 12 00:00:00 2012
[09:19] {scottie} gm
[09:19] {Threei}  scottie :)
[09:19] {Will49} gm
[09:20] {Threei}  will :)
[09:23] {Threei}  some routes are down or what
[09:23] {dolores} hello GM
[09:23] {ese} morning....almost slept throught the alarm
[09:24] {Threei}  dolores, ese :)
[09:25] {Beau} good morning
[09:26] {Threei}  beau :)
[09:28] {Threei}  let's skip first min or two, to see the direction better
[09:30] {dptl} gm
[09:30] {Threei}  dp :)
[09:31] {Threei} Long Setup:  LVS  .20 break hl
[09:31] {Threei}  If holds  .10 
[09:32] {Threei}  1:1
[09:33] {Threei} Long Setup:  FCX  .75 break hl
[09:33] {Threei}  If holds  .70 
[09:34] {Threei} Short Setup: SLW  .20 break
[09:37] {Threei}  half out FCX .83
[09:37] {Threei}  stop to .73
[09:37] {Threei}  SLW stop .26
[09:38] {scottie} fcx +.10 ty
[09:38] {Threei}  out FCX in full .90
[09:38] {Threei}  aww, too soon
[09:39] {Threei}  really too soon
[09:39] {Threei} Short Setup: X  .20 break hl
[09:40] {Threei}  If holds  .30 
[09:40] {Threei}  ugh, not available here
[09:40] {Threei}  1:1
[09:41] {scottie} didn't get it either
[09:41] {Threei} Short Setup: POT  .10 break
[09:42] {Threei}  If holds  .20 
[09:44] {Threei}  trail to .16
[09:45] {Threei}  if MOS loses .50, POT target 1:2
[09:45] {Threei}  if bounces, we will cut it above .15
[09:48] {Threei}  1:1
[09:48] {Threei}  MOS is helping rather nicely
[09:48] {Threei}  1:2 target hit
[09:48] {Threei}  out
[09:49] {scottie} out .99 +.10 ty
[09:49] {Threei}  yw
[09:50] {ese} yuk..........
[09:51] {Threei}  no such symbol
[09:51] {ese} downward spiral with this market
[09:52] {Threei} Long Setup:  LVS  .60 break
[09:52] {Threei}  hl
[09:52] {Threei}  If holds  .50 
[09:54] {Threei}  1:1
[09:55] {Beau} you are hot today vad
[09:56] {Threei}  well, it was high time, wasn't it
[09:56] {Beau} and my trade puter in shop
[09:56] {Threei}  ugh
[09:57] {Threei}  not being able to trade my way out of wet paper bag for two days in a row is rare occurrence
[09:59] {Threei} Short Setup: CAT  .55 break hl
[09:59] {Threei}  If holds  65 
[10:00] {Threei}  1:1
[10:12] {Threei} Long Setup:  FAZ.15  break
[10:12] {Threei}  If holds  .10 
[10:13] {Threei}  needless to say, invalidated
[10:14] {Threei}  market backed off an edge of a cliff
[10:16] {dolores} LVS loosing ground
[10:17] {thomcbell} lvs vad is out 
[10:18] {thomcbell} right Vad 
[10:18] {Threei}  it hit 1:1
[10:18] {thomcbell} made sale at 39.70 or 1:1 - stop goes to break even
[10:19] {dolores} yes all out
[10:19] {thomcbell} a lot of cash raising going on obviously - aapl lots of selling pressure today
[10:19] {dolores} me
[10:29] {Threei}  FAZ setup is back
[10:29] {thomcbell} gld interesting
[10:30] {Threei}  invalidated again
[10:37] {thomcbell} aapl nothing on this bounce
[10:37] {thomcbell} same with lvs
[10:46] {Threei}  uncertain vague up and down, no setups
[10:51] {Threei} Long Setup:  FAZ  .10 break
[10:51] {Threei}  whoever missed nemo, you can stop crying
06[10:52] * Threei passes tissues around
[10:52] {dptl} thanx Vad lol
[10:52] {Threei}  :)
[10:53] {Will49} I think I insulted nemo yesterday
[10:54] {Threei}  then mark yesterday as a day you became his friend
[10:54] {Will49} :)
[10:55] {nemo} this emotional mushiness
[10:55] {Will49} what does FAz have to hold?
[10:55] {Threei}  right... the day passes when I don't unsult him even once, he messages me in the evening asking whether I am well, obviously concernedf
[10:56] {Threei}  let's back off of that trade
[10:56] {Will49} tks
[11:17] {nemo} LVS
[11:29] {Threei}  amazingly weak
[11:29] {Threei} Short Setup: LVS  .35
[11:29] {Threei}  break
[11:29] {Threei}  If holds  .45 
[11:30] {nemo} or long .40?
[11:30] {Threei}  nah
[11:30] {Threei}  not liking it long
[11:30] {nemo} I'd rather sell resistance
[11:37] {thomcbell} me too - verty heavy though 
[11:37] {thomcbell} got some bounce buyers that bought between 39.50 and 39.75 that are adding to the heaviness now
[11:45] {nemo} mmmhhh V short below .65 if it holds .75 here
[11:45] {nemo} ?
[11:45] {Threei}  1 cent to 1:1? come on
[11:45] {Threei}  stop to .41
[11:47] {Threei}  I like V idea but it's likely to ruin it
[11:47] {Threei}  out LVS
[11:47] {Threei}  can't believe it reversed 1 cent shy
[11:48] {nemo} sheesh orly
[11:48] {Threei}  PIMCO ?@PIMCO
[11:48] {Threei}  Gross: Deleveraging speeding up -- risk assets headed down -- Days of wine and roses are no more.
[11:49] {nemo} ANARCHY!!!!
[11:49] {nemo} l tna .76
[11:49] {nemo} whoa
[11:49] {nemo} stop under .65
[11:50] {nemo} 1/2 .88
[11:50] {Threei}  nice
[11:50] {nemo} I have to close one eye to see only one screen
[11:51] {nemo} I hold original stop, but dont think it should drop below .70
[11:53] {nemo} stop .75
[11:54] {nemo} frickin' screens are too bright
[11:56] {nemo} spy at yesteday's low
[11:56] {thomcbell} lvs still dead cat
[11:56] {nemo} stop under the whole
[11:56] {Will49} way to go nemo
[11:57] {nemo} If I were smart all I would do is trade IWM and SPY and FAS all day and not look at anything else
[12:00] {nemo} O.K. that's the stop the bottom of the tail of that last candle
[12:07] {nemo} spy at comparable support
[12:10] {nemo} out
[12:11] {nemo} eh
[12:11] {nemo} ok trade
[12:11] {nemo} should have sold on that lower high, then again, I alwasy get burned when I move my stop up
[12:12] {nemo} looking for orly retrace to short
[12:13] {Threei}  nemo, that V .75 resistance...
[12:13] {Threei}  was a long entry
[12:13] {nemo} yeah, perfect too
[12:15] {Threei}  (EU) IMF issues commentary on European situation
[12:15] {Threei}  - Notes Greece economy has gone into a difficult period and reforms must be put back on track; open to ideas to better achieve targets in Greece but not to renegotiate the program initiatives
[12:15] {Threei}  - Sees difficulty in Spain's austerity programs but is the correct decision
[12:15] {Threei}  - Review of Cyprus is still underway, Risks for Portugal have increased
[12:15] {Threei}  NOTE: earlier today IMF Chief Lagarde noted downside risks from the US, Europe; on 7/6 she said the global outlook in recent months has become more worrisome, and July Global growth outlook to be lower than the forecasted three months ago.
[12:15] {nemo} mmh tempting to short orly here
[12:15] {Threei}  house of cards is inching closer to collapse
[12:20] {Threei} Long Setup:  FCX  32 break
[12:20] {nemo} mmhh long setup spy and iwm
[12:20] {Threei}  If holds  .95 
[12:21] {nemo} small long .86 tna
[12:21] {nemo} stop under recent low
[12:21] {nemo} scalp mode
[12:22] {nemo} eh
[12:22] {Threei}  Invalidated  
[12:22] {Threei}  change to .95 break
[12:22] {Threei}  if holds .90
[12:23] {nemo} should bounce here just don't know how high
[12:24] {Threei}  invalidated too, backing off for now
[12:30] {Threei} Long Setup:  FCX  .90 break
[12:30] {Threei}  if holds ..85
[12:31] {nemo} took .90
[12:31] {nemo} that big .89 offer
[12:31] {nemo} oh jeez
[12:32] {Threei}  no go
[12:32] {Threei}  something sudenly spooked the market
[12:33] {Threei}  looks like easy money has been made... struggling now
[12:35] {nemo} lunchtime in the summer
[12:47] {Threei}  FCX is getting overstretched'
[12:47] {ese} your all still here.....great.......have been on the phone to the(Danish Musik Agency)...think musicians union.....i just found out that my band is worth $6000 to $8000  per show and they are going to try and find us some when were there next year.......cool
[12:47] {Threei}  dive under .75, and I'll get interested again
[12:47] {Threei}  cool ese
[12:48] {ese} eeeeeyeohhhhzaaa
[12:57] {nemo} small long .71 tna
[12:57] {Threei} Long Setup:  FCX  .75 break
[12:58] {Threei}  If holds  .70 
[12:58] {nemo} in
[12:58] {nemo} 1/2 tna .81
[12:58] {Threei}  wanted quick break of .70 with immediate recovery, to enter at .71
[12:58] {Threei}  but ut never lost it
[12:59] {Threei}  and wanted IWM 78 break but it broke faster than I could alert
[13:01] {nemo} I'm out tna
[13:02] {Threei}  (US) TREASURY'S $13B 30-YEAR BOND REOPENING DRAWS 2.58%; BID-TO-COVER RATIO: 2.70 V 2.40 PRIOR AND 2.76 AVG OVER THE LAST 7 REOPENINGS- 40.64% allotted at high - Indirect bidders take 36.75% of competitive bids, 20.1% go to Direct bidders, Primary Dealers take 43.13% - Median 2.549%, Low 2.436%
[13:03] {Threei}  is this what spooked the market?
[13:04] {Threei}  come on FCX, take ,80 and let's go
[13:04] {Threei}  downtrend is broken
[13:06] {Threei}  good boy
[13:07] {nemo} look at the C&H on SPY 15 min
[13:07] {Threei}  that pullback on auction results was the perfect opportunity to grab IWM near 78
[13:07] {Threei}  grr
[13:08] {Threei}  half out FCX
[13:08] {Threei}  stop to .74
[13:09] {Threei}  anyone's breating?
[13:09] {Threei}  or deep in coma?
[13:09] {Will49} with you
[13:09] {nemo} yeah
[13:10] {nemo} looking for .90 area
[13:10] {nemo} think spy gonna close the gap
[13:11] {dolores} have  been out most of the day
[13:11] {dolores}  missed much?
[13:11] {Threei}  yes... very nice day
[13:11] {Threei}  total transformation from bug to windshield
[13:11] {dolores} well....
[13:11] {Threei}  two 5-6 cents stops
[13:11] {nemo} spy gets going a little more should really hit the nitrous
[13:12] {Threei}  the rest worked like charm
[13:12] {dolores} good 
[13:12] {nemo} yeah, could feel it
[13:12] {Threei}  1/4 more out .88
[13:12] {dolores} hope it stays so I can be a windshield!!!
[13:12] {Threei}  stop to .79
[13:13] {dolores} are you in FCX nwo?
[13:13] {Threei}  yes
[13:13] {Threei}  and IWM got away... grrr
[13:13] {dolores} nothing LVS?
[13:14] {dolores} any news today for it to stay lagging?
[13:15] {dolores} 9:45 AM Casino stocks open lower with a report (.pdf) out from the Nevada State Gaming Board that gambling revenue from Las Vegas Strip casinos fell 18.15% in May. Decliners: LVS -2.8%, MGM -3.1%, MPEL -2.7%, WYNN -1.8%), CZR -1.4%. 1 Comment [On the Move, Consumer]
[13:16] {Threei}  yes... right news, although time stamp is not real time
[13:16] {Threei}  it was out at 9:26
[13:17] {dolores} TVIX below 4!!! no more fear
[13:22] {_beaty} finally got logged in, how has trading been today?
[13:22] {Threei}  hi beauty
[13:22] {Threei}  oops, beaty
[13:22] {Threei}  sorry
[13:22] {Threei}  very good day
[13:23] {Will49} we beaty the market today by gad
[13:23] {_beaty} excellent, wish I had logged in earlier
[13:23] {_beaty} are most in here scalpers?
[13:23] {nemo} Ever seen Deliverance beaty?
[13:24] {Threei}  yeah, action slowed down a bit now
[13:24] {Threei}  well, depends on your definition of scalp
[13:24] {_beaty} I'm from Ga nemo, it's a requirement
[13:24] {_beaty} 5-10c at a time
[13:24] {Threei}  we do that although in most cases we push for more
[13:25] {Threei}  but we do partial out as things move, to protect the profit
[13:25] {dolores} jack harry is out as well? he missed the day?
[13:25] {nemo} got my .90 fcx
[13:25] {Threei}  yes, he said it was a holiday for him today
[13:25] {Threei}  will be back on Fri
[13:26] {_beaty} entry on FCX was .76?
[13:26] {Threei}  right
[13:26] {nemo} interesting  IWM bounced at the 50 SMA and SPY just reclaimed its
[13:26] {Threei}  beauty, make sure to read http://www.realitytrader.com/tradingroom/#instructions
[13:26] {Threei}  will help understand the action
[13:26] {_beaty} yep just looked at it, thank you
[13:27] {_beaty} basically a triple bottom at .70 on the day, great entry
[13:28] {_beaty} this has been a tough week in the market, how has everyone here done?
[13:29] {dolores} AZO very strong 
[13:29] {Threei}  decent Monday, tough two days after that, perfect day today
[13:29] {Threei}  overall, back and forth week
[13:31] {nemo} double top on azo and what a run
[13:33] {dolores} will break highs
[13:34] {dolores} maybe?
[13:34] {dolores} you see a short AZO vad?
[13:36] {Threei}  I fdon;t like it as a trading candidate at all, dolores
[13:36] {Threei}  pulp
[13:36] {Threei}  impossible to control risk
[13:36] {dolores} ok
[13:36] {Threei}  friking 30 cents spread!
[13:36] {Threei}  how do you buy and sell?
[13:37] {dolores} ok
[13:37] {_beaty} do you typically enter breakout positions with a market order, or a buy/sell stop?
[13:39] {Threei}  limit order a few cents beyond current market
[13:39] {Threei}  never market order
[13:39] {dolores} FCX was doing better when the market was down
[13:40] {dolores} now we are almost green and still below 32
[13:40] {_beaty} so on that FCX trade, you just entered a limit at .76
[13:40] {_beaty} with a stop at .69
[13:41] {Threei}  correct
[13:41] {Threei}  actual order was limit buy .77, but was excecuted at ,76
[13:41] {Threei}  since it was sent as soon as .75 was broken
[13:42] {Threei}  oh, and I apologize for misspelling "correct..." it's "korreqt"
[13:42] {dolores} thats why I am not getting filled 
[13:42] {dolores} I put the order too tight
[13:42] {_beaty} ok, I can just use my buy/sell stop then since it is a sweep key and will put orders at each price a few cents out of the market
[13:42] {Threei}  how do you route them, delores?
[13:43] {Threei}  yes beaty but automated ones can be triggered by a false print
[13:43] {dolores} nasdaq
[13:43] {_beaty} true
[13:43] {Threei}  I mean , how your order is structured?
[13:44] {Threei}  what price, at what moment?
[13:44] {dolores} I put for example FCX .76
[13:44] {Threei}  if the call is .75 break long, how do you send it?
[13:44] {Threei}  ok
[13:44] {Threei}  give it 1 cent more
[13:45] {Threei}  it's reasonable chasing if stock moves too fast, and will still swipe .76 offers if not
[13:45] {dolores} yes I will
[13:45] {dolores} yes
[13:45] {Will49} 2 cents on the stop also?
[13:45] {Threei}  on stops I'd even do 3
[13:45] {Will49} tks...i needed that
[13:46] {dolores} financiasl lagging as well
[13:46] {dolores} on waht is the dow green?
[13:47] {Threei}  finally out last piece FCX
[13:47] {Threei}  .96
[13:47] {Threei}  +.20
[13:47] {Threei}  not too shabby for 6 cents risk
[13:47] {_beaty} ok just wanted to check in for the day, will be back tomorrow for the full day
[13:47] {_beaty} nice trade threei
[13:47] {Threei}  ty
[13:47] {Threei}  see you tomorrowq
[13:56] {Will49} given that the day has been great-so far-, do you get more aggressive in your trades or more conservative?
[13:56] {Threei}  gosh... AZO is 60 cents spread now
[13:57] {Threei}  neither actually... continue looking for trades
[13:57] {Will49} Good!
[13:57] {Will49} Don't want to make this any more complicated than it is already
[13:58] {Threei}  they say, while it's important for a trader not to get depressed over a loss, it's equally important not to get elated over a win
[13:58] {Threei}  both a part of the process... take them as such
[13:58] {Will49} yes
[14:05] {dolores} what magic news are out for this suddden move?
[14:05] {dolores} large ed candles
[14:05] {Threei}  none
[14:09] {Threei}  wow
[14:10] {Threei}  look at FCX
[14:10] {Threei}  what on earth was that
[14:10] {dolores} yes I chickened .71
[14:10] {Will49} and with no news?
[14:10] {Threei}  1 min ago two headlines:
[14:11] {Threei}  (EU) EBRD's Nagy: A major risk exists with the rationalization of the banking system
[14:11] {Threei}  (ES) Spain central govt said to have eased deficit targets for the Spanish regions in 2013 and 2014
[14:11] {Will49} so..as usual some people get to trade the news ahead of the rest of us
[14:11] {Threei}  shrug
[14:11] {Threei}  but neither if those matter any
[14:12] {Threei}  someone said there is risk in banking system?
[14:12] {Threei}  we know that for 5 years
[14:12] {Threei}  and it's only thise of us who never paid attention
[14:13] {Will49} yea..see your point
[14:14] {dolores} the government says they eased the regions
[14:14] {dolores} lies
[14:14] {dolores} they are not sharing the VAT
[14:15] {dolores} and it imposed them to keep the deficit they agreed before
[14:16] {dolores} they are furious with him as they are from the same party
[14:17] {dolores} they are not giving any flexibility sharing the point brussels gave spain
[14:22] {Threei}  wait... you mean goverment lied?? noooooo!!
[14:22] {Threei}  my world is coming crashing down
[14:23] {Threei}  it just can't be... say it aint so....
[14:24] {dolores} the funny thing they lie to their own party
[14:24] {dolores} that hs always been very disciplined and united
[14:25] {dolores} today they were voting against the government in their meeting with the regions
[14:25] {dolores} never happens in PP
[14:25] {Threei}  notice how strong TGT is while retailers in general fall apart
[14:25] {Threei}  especially SVU... is is super value yet at 2.67?
[14:26] {dolores} now market red and FCX up
[14:26] {nemo} spy looks like might make another leg up
[14:27] {dolores} is SVU going under or what?
[14:28] {Threei}  horrible report yesterday
[14:30] {Threei}  Las Vegas is so fun:
[14:30] {Threei}  Residents in NW Las Vegas warned about loose chimpanzees; 1 may be captured
[14:33] {Threei}  my island is not far behind though:
[14:33] {Threei}  'Scotch & Beer Festival' http://ow.ly/ccaRZ at Mount Washington Friday, July 13th!
[14:34] {Threei}  see you in a week
[14:36] {Will49} Vad...Vancouver Island: the land of the newly wed and the nearly dead
[14:36] {Will49} I live here too...so I can say that
[14:37] {nemo} I don't and I can too
[14:37] {Will49} I'm in the latter category
[14:37] {Threei}  I have difficulty defining myself in these terms
[14:37] {Will49} there are a few people in between
[14:37] {Threei}  ah, OK :)
[14:38] {Threei}  let me put it this way:
[14:38] {Threei}  not NEWLY wed bit not as near to being dead that I wouldn't be curious about what else is out there
[14:39] {Will49} what do you mean "what else"?
[14:39] {Threei}  I better not say, lest my wife ever dcecides to read trading log
[14:40] {Threei}  oh, and I just heard that nemo booked flight to that festival
[14:41] {Will49} where do hang out nemo?
[14:41] {Will49} you
[14:41] {nemo} personal question will
[14:41] {Threei}  first two hours at the table, after that - under the table
[14:41] {Will49} oops..I better read the rules again
[14:42] {nemo} yeah, with bunny nibbling at my ear to wake me up
[14:42] {nemo} wow...she was a piece of work this morning
[14:42] {Will49} the bunny?
[14:42] {nemo} getting rather militant about getting her treats when SHE wants
[14:42] {nemo} yeah, bunny
[14:42] {Threei}  don't picture anything risque, will... it's actual bunny :)
[14:43] {nemo} nephew saved a baby rabbit from a cat a couple of years ago...she rules the roost now
[14:43] {Will49} excellent
[14:43] {nemo} hold on, I'll post a coupla' pictures in the blog
[14:43] {Will49} the bunnies from "the club" did enter my mind
[14:45] {Threei}  how did I know that
[14:45] {Will49} :)
[14:45] {Will49} :P
[14:45] {nemo} http://tradinglog.realitytrader.com/
[14:46] {nemo} that's bunny
[14:46] {Will49} thanks nemo...looks like a jack rabbit to me
[14:46] {nemo} cottontail
[14:47] {nemo} about time for her to come out too
[14:49] {Will49} nemo having four rabbit's feet around help you trade?
[14:49] {nemo} never thought about it
[14:50] {Will49} That's what Vad attributes your success to
[14:50] {nemo} I hate dangling prepositions
[14:50] {Will49} that's Canadian:)
[14:51] {nemo} I find cutting the throat of a live chicken and laying the entrails on the computer to be most effective
[14:51] {Will49} OK OK...I'm supposed to be learning to trade, not having fun
[14:52] {Threei}  I see no contradiction
[14:52] {Will49} :)
[14:52] {nemo} Yeah, we're not really primed for sanity around here
[14:53] {Will49} Is there a limit to how many smiley faces I can use in a day?
[14:53] {Threei}  absolutely not - they irritate nemo to no end, so feel free
[14:54] {Will49} :):D
[14:54] {nemo} Maybe I should inform Will about "The List"
[14:54] {Will49} oh oh
[14:54] {Will49} not schindlers list
[14:54] {nemo} works in reverse
[14:55] {Will49} i'm waiting
[14:55] {Will49} for a trade
[14:55] {nemo} I call it my "Disgruntled Postal Worker Fantasy List"  
[14:56] {Will49} i think i get it
[14:56] {nemo} Which, depending on your age and your familiarity with US culture in the mid 80's the term should ring a bell
[14:56] {nemo} Some names are in pen, and some are in pencil
[14:56] {Will49} you'll never get your gun into Canada
[14:56] {nemo} I don't need guns
[14:57] {Will49} Vad..save me , pick out a trade
[14:57] {nemo} You think he'll affect our relationship for you?
[14:57] {nemo} noob
[14:58] {Will49} what did you call me?
[14:58] {nemo} noob
[14:58] {nemo} as in "newbie"
[14:58] {Will49} thought you might have mispelled it
[14:58] {nemo} You confuse me with Vad
[14:58] {Will49} :)
[14:59] {Will49} you going to sit still for that Vad?
[14:59] {Threei}  why not
[14:59] {nemo} facts are facts 
[14:59] {Threei}  misspelling things is my trademark
[14:59] {Will49} Reality Trader
[14:59] {nemo} eqzaktly
[15:00] {Threei} Short Setup: CLP  23 break
[15:00] {Threei}  If holds  .05 
[15:00] {nemo} Wow my eyesight is almost normal
[15:00] {nemo} is that at an altime new high?
[15:00] {nemo} hardly
[15:03] {Will49} where's bunny when we need him (her)
[15:03] {nemo} she basically sleeps during the day
[15:05] {nemo} just checked...under the nephew's bed
[15:06] {nemo} cat green
[15:11] {nemo} would think they want this to close over 134 today
[15:13] {thomcbell} oh they
[15:13] {thomcbell} pg has a headline - mcdonalds has a headline - now all u need is ibm
[15:17] {dolores} FCX all day long today would have been great
[15:17] {nemo} you mean range plays?
[15:18] {dolores} buying close to the lows and out
[15:18] {dolores} held the support today
[15:18] {nemo} yep
[15:19] {dolores} it tested lows 5 or 6 times
[15:19] {dolores} evry time a bounce
[15:19] {dolores} would not have shorted though
[15:19] {dolores} only buy
[15:19] {dolores} LVS close to lows
[15:20] {Threei} Short Setup: LVS  .20 break
[15:20] {Threei}  If holds  .30 
[15:25] {Threei}  wow
[15:26] {Threei}  who fed beef to SPY?
[15:26] {nemo} iwm actually, bottomed at the 50SMA, spy been following it ever since
[15:26] {dptl} see ya tomorrow all
[15:26] {Threei}  take care dp
[15:27] {nemo} we're probably looking at some up days now
[15:28] {thomcbell} fcx}
[15:28] {thomcbell} fcx?
[15:28] {dolores} nice move }FCX
[15:28] {Threei} Short Setup: FCX  .50 break
[15:29] {Threei}  If holds  .55 
[15:32] {Threei}  Invalidated  
[15:32] {Threei}  obviously
[15:34] {thomcbell} yes Vad 
[15:35] {thomcbell} that comment is what sold me on the room
[15:35] {thomcbell} :)
[15:35] {Threei}  really?
[15:35] {nemo} what comment?
[15:35] {thomcbell} invalidated ........obviously
[15:35] {Threei}  you mentioned it once but I think I didn't get it that time too
[15:35] {thomcbell} love that
[15:36] {Threei}  what's the magic power behind that? :)
[15:37] {thomcbell} because it helped with my discipline 
[15:37] {thomcbell} trade what you see not what you think should happen etc
[15:37] {Threei}  got it
[15:38] {nemo} but dino sees dead people
[15:40] {Threei}  let's cover half
[15:41] {Threei}  .14
[15:41] {Threei}  mosatly to protect against volatility close to eod
[15:41] {Threei}  stop to .22
[15:42] {nemo} we should probably rip, that would piss me off the most, 
[15:44] {thomcbell} LVS is a sick puppy
[15:44] {Threei}  out
[15:48] {Threei}  .70 was it for FCX
[15:52] {dolores} tanking into the close
[15:53] {Threei}  (US) Fed's Williams: (voter, dovish): Reiterates Fed will do what is needed to achieve mandate;
[15:54] {Threei}  up to self-dissolution?
[15:54] {Threei}  nah, we can't be that lucky
[15:54] {dolores} ok guys see you tomorrow take care and thxs
[15:55] {Threei}  thank you all
[15:55] {Will49} Bye everyone
[15:55] {Threei}  have a great evening, see you tomorrow