Wednesday, September 12, 2012

Sep 12 2012

With 4 wins out of 4 calls so far, this one was the most textbook setup, cleanest DBI I've seen in a while:

Finishing day at 100%, no complaints at all.

Session Time: Wed Sep 12 00:00:00 2012

[09:07] {jackharry} good morning
[09:07] {goryl} gm
[09:11] {dino} gm
[09:12] {RonS} hello everyone
[09:13] {scottie} gm
[09:16] {Will49} gm
[09:18] {Beau} good morning all
[09:21] {Beau} .
[09:24] {nemo} we're lined up at the starting line
[09:24] {thomcbell} fb - hehe
[09:24] {nemo} fb i[ bog
[09:25] {nemo} wtw
[09:29] {thomcbell} aig strong as ten men
[09:29] {nemo} strong like bull
[09:33] {Beau} no vad?????
[09:33] {nemo} logged in
[09:33] {nemo} but good point
[09:35] {ese} caught up reading the news for got to sign in............and yet another reason to get rid of religion..
[09:35] {dino} agreed
[09:35] {dolores} GM
[09:35] {dolores} GM
[09:35] {dptl} gm
[09:35] {ese} D dino
[09:35] {ese} dp
[09:36] {dino} cig
[09:37] {Threei}  Goog morning
[09:38] {ese} vad
[09:38] {robbers} GM
[09:38] {Will49} whole room slaps Vad with alarm clock
[09:38] {robbers} (good morning)
[09:38] {scottie} lol
[09:38] {nemo} Vad...did I tell you FSC links up with my trading platform now?
[09:39] {ese} whats fsc nemo
[09:39] {nemo} Freestockcharts
[09:39] {ese} ah
[09:39] {nemo} it's a running joke ese
[09:40] {ese} i think free stock charts is a good sight
[09:40] {nemo} even site
[09:40] {dino} nemo getting paid by eyeballs to post that every day
[09:40] {nemo} the young ladies in your group are a good sight
[09:41] {dino} qcor dump
[09:41] {nemo} iwm touched the swing high for 2012
[09:42] {RonS} lqdt wants 48...
[09:42] {Threei} Long Setup:  FCX  .30 break
[09:42] {Threei}  If holds  .20
[09:44] {dino} n spike
[09:46] {Threei}  stop to .24
[09:47] {Threei}  half out
[09:47] {Threei}  stop .29
[09:47] {ese} trail stop on jpm to 39.99 up 2.13 so far on 1500shs
[09:48] {scottie} +.10 thanks Vad
[09:49] {Threei}  yw
[09:49] {dino} n sm s .62
[09:51] {Threei} Short Setup: LVS  .35 break
[09:51] {Threei}  If holds  .40
[09:52] {dptl} mpc?
[09:52] {dptl} long?
[09:53] {dino} n to .42 bstop
[09:53] {Threei}  no MPC
[09:53] {dino} cov n .35, +.27
[09:54] {dino} damn too tight
[09:54] {Threei}  LVS target about .15
[09:55] {Threei}  half out
[09:55] {Threei}  .25
[09:55] {Threei}  dolores, to add to yesterday's exchange... actual trigger was .30 break, we took aggressive entry at .35
[09:55] {Threei}  you can see a setup at .30
[09:56] {dolores} ok thxs
[09:58] {dino} cig sm l .95
[09:58] {nemo} liking oops
[09:58] {nemo} too late
[09:58] {nemo} was gonna say
[09:59] {nemo} like vmw above .40
[09:59] {dino} mnst drop
[09:59] {nemo} been dropping
[09:59] {RonS} Brazilian utilities extend drop as gov't pushes to cut rates
[10:01] {dino} thx
[10:01] {dino} cig to .99
[10:01] {dptl} jcp .75 short?
[10:02] {Threei}  probably
[10:02] {Threei}  things don't move much
[10:02] {Will49} just my speed
[10:02] {Threei}  but it feels like quiet before the storm
[10:03] {nemo} what?  reverse?
[10:03] {Threei}  ?
[10:03] {nemo} Will's speed
[10:03] {Will49} yes
[10:03] {Threei}  oh... lol
[10:03] {nemo} ur slipping vad
[10:04] {nemo} vmw likely to test 99 today if market stays strong
[10:04] {nemo} missed the .40 break, but damn missed 98 break
[10:04] {nemo} oy
[10:04] {nemo} going back to bed
[10:05] {Threei}  didn't know who you reply to (there, morning dangling preposition for you as a revenge)
[10:05] {nemo} didn't see it
[10:05] {dino} cig to .15
[10:05] {Threei}  stop to .31
[10:06] {Threei}  or should I say, to further torture nemo, "stop .31 to" {G}
[10:06] {Threei}  if loses .20, should tag second target quickly
[10:06] {nemo} l tna .80
[10:07] {nemo} stop under .74
[10:07] {dino} cip to .29
[10:07] {nemo} if this drops looking for next entry in .60 area
[10:08] {Threei} Long Setup:  POT  .95 break
[10:08] {Threei}  If holds  .90
[10:08] {dino} out cig .35, +.40
[10:09] {Threei}  LVS closed
[10:09] {Threei}  change POT trigger to .90 break
[10:09] {nemo} liking COH short
[10:09] {Threei}  .85 stop
[10:09] {Threei}  half out
[10:09] {dino} thrx spike
[10:10] {Threei}  stop .89
[10:10] {dolores} missing today
[10:10] {dolores} the tades
[10:10] {dolores} trades
[10:10] {nemo} partial .92
[10:11] {Threei}  1/4 more out
[10:11] {nemo} stop to .90
[10:11] {dino} engage maverick (dolores), engage
[10:11] {goryl} Vad, was the big vol spike the key to that trade?
[10:12] {Threei}  capitulation, yes
[10:13] {dino} lqdt vdrop
[10:13] {Threei}  trying for above .15 last piece
[10:14] {Threei}  out
[10:14] {Will49} great call Vad
[10:14] {Threei}  ty
[10:14] {Threei}  25 cents for 5 cents risk
[10:14] {Threei}  3:3
[10:14] {Threei}  can I go home?
[10:14] {Will49} pays to sleep in eh?
[10:14] {goryl} sweet:)
[10:15] {dino} lqdt sm l .13
[10:16] {nemo} RIG
[10:16] {nemo} news?
[10:17] {nemo} out tna
[10:17] {Threei}  Transocean Inc Exec: all rigs in Brazil are still under contract; company has not yet been served with injuction in Brazil as of yet - conf call comments- Would like to obtain 10-year contracts for four new planned rigs.
[10:17] {Will49} news is RIGged anyway
[10:19] {dino} n back to hod
[10:19] {nemo} that's some wild action, HFT's musta had a flash crash
[10:21] {thomcbell} long setup aig 34.04 break if holding 34
[10:22] {dino} lqdt stop .93, -.20
[10:22] {nemo} kors looking short
[10:23] {dino} f'ing rinsed
[10:23] {Threei} Short Setup: SLW  .80 break
[10:24] {Threei}  If holds  .90
[10:24] {Threei}  1:1
[10:24] {Threei}  fast and easy, just as we like them
[10:25] {Will49} yeah... if you can get in
[10:25] {Threei}  1:2, out
[10:25] {goryl} Vad is on fire:)
[10:25] {Threei}  this one was fairly easy to execute
[10:25] {scottie} missed it too
[10:26] {Will49} maybe I need a faster internet connection
[10:26] {goryl} i finally setup the room so i hear a loud horn every time vad speaks:) help alot
[10:26] {Will49} great idea
[10:26] {Threei}  in mirc?
[10:26] {goryl} yes
[10:26] {Threei}  .78, scottie?
[10:27] {goryl} i'm trading paper but i did get .78 fill
[10:27] {Will49} how do you set that up?
[10:27] {scottie} The time I took to prepare the setup, it was already at .76
[10:27] {dolores} how did you do that goryl?
[10:27] {Threei}  wow
[10:28] {Threei}  how do you prepare setup scottie?
[10:28] {goryl} right click on &Threei in the list
[10:28] {goryl} go to Info
[10:28] {goryl} Pick the Highlight tab
[10:28] {goryl} Click add
[10:28] {scottie} I use mibbit, maybe I should switch to mirc
[10:29] {goryl} fill in the rest.  I found a nice .wav sound
[10:29] {goryl} scottie, definitely do it.  I used mibbit for the first few days and missed some entries.
[10:30] {scottie} Took me a few seconds to see you had posted a call, and then it was too late
[10:30] {goryl} 1 second of extra time matters:)
[10:30] {Will49} you got that right
[10:30] {thomcbell} aig got stopped at 33.99
[10:30] {dolores} i dont have that info clicking the right cilck
[10:30] {Will49} how does one get mirc?
[10:31] {Threei}  instructions on trading room page, will
[10:31] {Will49} tks Vad
[10:31] {goryl} awesome calls Vad, i recorded the first 40 min on camtasia so i'll look over the entries again.
[10:31] {Threei}  you are using mibbit dolores
[10:31] {dolores} yes
[10:31] {Threei}  what goryl said is for mirc
[10:32] {dolores} oh ok
[10:32] {dolores} will check tomorrow the mirc
[10:32] {Threei}  it takes time to set up, better not do it on the fly
[10:32] {dolores} ok
[10:33] {dolores} CLF giving up all gains last days
[10:34] {goryl} my alarm sound is called "red alert" sounds like the one submarines use:)
[10:34] {Threei}  1:5... wow
[10:36] {dptl} mo .75 long?
[10:37] {Threei}  not sure
[10:38] {Threei}  visual:
[10:40] {Threei}  wow SLW... nemo, can we call that cascading?
[10:40] {nemo} nah...parachute didn't open
[10:41] {thomcbell} aig hangs in there very very well
[10:42] {dptl}  expe .35 short?
[10:42] {dino} lqdt sm l .51 wide, thing is pulp defined
[10:42] {dino} mnst new lod
[10:42] {goryl} Vad, slw looked like a capitulation play on the 10:35 candle?
[10:43] {Threei}  setup is right but trades a bit too slowly, dp
[10:43] {Threei}  not really goryl... not enough candle length to consitute full blown capitulation
[10:44] {goryl} ok, thanks
[10:44] {dino} mnst sm l .90
[10:48] {nemo} no real feel to the market this morning
[10:49] {thomcbell} long setup gdx 48.88 break if holding 48.78
[10:50] {dino} chtr spike
[10:50] {dptl} pay .60 short?
[10:51] {Threei}  no... looks rather ready to reverse
[10:51] {dptl} ok
[10:53] {Threei}  how about that?
[10:53] {dptl} ye
[10:55] {dino} mnst to .30
[10:58] {thomcbell} out gdx 49.18
[10:58] {thomcbell} 1:3
[10:59] {Threei}  wtg
[10:59] {Threei}  nice setup
[10:59] {goryl} Vad, how did you analyze pay.  It was forming a base.  How did you know smart money was building on the long side?
[11:00] {Threei}  look at the chart at the moment of the question, see how last pullback occured on diminishing volume and almost diosappearing pace
[11:01] {goryl} ahh, thanks
[11:01] {dino} chtr?
[11:02] {Threei}  last news Sept 10, CHTR
[11:02] {dino} strong
[11:03] {Threei}  National Daily Tracking: #Obama: 46%, #Romney: 45%
[11:03] {Threei}  after-convention bounce subsides
[11:05] {dptl} len .25 long?
[11:06] {Threei}  trades too sluggish for my taste
[11:06] {dptl} ok
[11:07] {dino} out mnst ,34, +.44
[11:08] {dolores} tomorrow big day with bernanke conference
[11:08] {dolores} call
[11:09] {Threei}  yes... QE or no QE
[11:09] {nemo} actually, it will be dead after first two hours until 2
[11:09] {nemo} or, 7 your time
[11:10] {nemo} or is it 8
[11:10] {nemo} I forget
[11:11] {dolores} 8
[11:11] {nemo} gracias
[11:12] {dolores} mnst testing lows good exit dino
[11:13] {dino} out lqdt .05, +.54
[11:13] {dino} ty dolores
[11:13] {Threei}  wtg
[11:14] {thomcbell} i joined you on that one dino - thanks
[11:14] {dino} hard stop saved me on mnst, dropped like a rock
[11:14] {nemo} hehehe parchute failure
[11:15] {dino} lol
[11:15] {dino} np tbell
[11:15] {dino} cig lod
[11:17] {dino} whew, bust morning
[11:18] {dino} busy, lol
[11:18] {nemo} WPI dino
[11:18] {dino} bit gradual for me
[11:19] {dino} mnst, perhaps higher low
[11:19] {dino} .75 sm l
[11:21] {thomcbell} wow gdx
[11:22] {thomcbell} gdx and slw back up to broken support here
[11:23] {thomcbell} S&P gets little bump on headline - FRANCE SAID TO PRESS SPAIN TO SEEK EU AID OVER GERMAN CONCERNS - Bloomberg          S&P futures up 7 at 1430.50 - holding steady and strong all morning thus far
[11:24] {Threei}  isn't it amazing
[11:24] {Threei}  market goes up if Spain requests aid and drops if it doesn't
[11:24] {dptl} mpc 54 short?
[11:24] {Threei}  yes
[11:24] {dolores} if MNST cannot hold .50
[11:25] {dolores} will go to test 52?
[11:25] {Threei}  most likely, yes
[11:25] {dino} maybe, hard stop .49
[11:26] {scottie} intc long .25 ?
[11:26] {dino} amazing too that france is trying to push them when france is simply a few months away from same issue
[11:27] {dino} open the printing presses boys and girls. inflate it away
[11:28] {Threei}  I am not delighted scottie
[11:28] {Threei}  too narrow
[11:28] {thomcbell} nice fight going on with aig between 33.75 and 33.90
[11:28] {Threei}  struggle for 5 cents
[11:28] {scottie} ok
[11:29] {Threei}  look at it this way guys
[11:29] {RonS} 315k block mnst
[11:29] {Threei}  we got easy money part, 4 wins out of 4 calls, with two of them working for a very nice moves,
[11:30] {Threei}  we have another major event tomorrow,
[11:30] {Threei}  easy money period is over, market is likely to become narrower and slower,
[11:30] {Threei}  so, stocks that sit within 20-30 vents range whole day are not likely to be good candidates
[11:32] {dptl} so would you skip mpc?
[11:32] {Threei}  MPC which has nicer range and won't go up with SPY while continues sitting on important support is a better candidate on break of that support
[11:33] {dptl} ok
[11:33] {scottie} swn long 35 ?
[11:33] {Threei}  worth a try
[11:33] {RonS} cig smoked
[11:34] {Beau} dino when do you use hard stops?
[11:34] {dino} lol
[11:34] {dino} most of the time, unless a stock is bid/ask more than a dime
[11:35] {dino} slippage will kill you then
[11:35] {Beau} thanks.
[11:37] {dino} once up more than .30 to .35 i move to .30
[11:37] {RonS} cig l .36
[11:39] {RonS} out -.03
[11:41] {dino} mnst stop -.26
[11:42] {RonS} cig rinse
[11:44] {dptl} had to leave...see ya tomorrow all
[11:44] {Beau} helpful dino. thx
[11:44] {RonS} nemo needs this for booze...New implants deliver electric shocks to help midnight snackers curb their diets
[11:45] {dino} mnst rinsed
[11:45] {nemo} thank you , NO!!!
[11:48] {scottie} swn went too fast
[11:51] {RonS} Spain says there's no 'urgency' to seek bailout as ECB eases yields
[12:05] {Threei}  SWN
[12:06] {Threei}  worth secondary entry here, looking for setup
[12:07] {Threei} Long Setup:  SWN  35 break
[12:07] {Threei}  If holds  .95
[12:08] {Threei}  Invalidated
[12:11] {thomcbell} short setup etn 47.40 break
[12:11] {dino} .
[12:13] {thomcbell} if holding 47.50 on etn
[12:16] {Threei} Long Setup:  SWN  .95 break
[12:16] {Threei}  If holds  .90
[12:17] {dino} mnst sm l .73
[12:33] {dolores} MPC?
[12:35] {Threei}  drifting aimlessly
[12:41] {thomcbell} etn invalidated
[12:48] {dino} things are frozen
[12:48] {RonS} aapl in 10
[12:57] {thomcbell} wow impressive miners
[13:01] {dino} mnst stop
[13:03] {scottie} YNDX ?
[13:03] {Threei}  ?
[13:04] {scottie} long .50 ?
[13:04] {Threei}  not after sharp spike from .20
[13:04] {scottie} ok
[13:07] {nemo} this whole move is aapl
[13:19] {Threei}  I am lost
[13:19] {Threei}  why are we dropping, iPhone 5 is not going to save the world economy?
[13:33] {dino} sfly drop
[13:34] {Threei} Long Setup:  CAT  .20 break
[13:35] {Threei}  stop is obvious
[13:36] {Threei}  target 1:2
[13:36] {thomcbell} like that pattern
[13:37] {Threei}  nah, you just like that I used your favorite word
[13:38] {thomcbell} yes obvious
[13:38] {thomcbell} love it
[13:38] {Threei}  :)
[13:46] {Threei}  let's see if violence helps
06[13:46] * Threei kicks CAT in the rear
[13:46] {Threei}  hey, it does
[13:46] {Threei}  1:1
[13:46] {Threei}  play by the book
[13:47] {nemo} gmcr
06[13:49] * Threei kicks CAT in the rear with heavy duty army boots
[13:50] {Threei}  kind word and a gun... so much more effective than a kind word alone
[13:57] {RonS} anf spike
[13:57] {dino} anf
[13:57] {Threei}  ANF Retains Goldman Sachs as advisor following pressure from some investors including Relational - CNBC
[13:58] {Threei}  (DE) Germany Fin Min Schaeuble confirms an increase in ESM would require parliamentary vote; cannot count on the ECB for an easy way out
[13:58] {Threei}  halted
[13:58] {dino} lqdt sm l .51
[13:59] {Threei}  ANF, not Schaeuble
[14:09] {nemo} LO selling finishing up
[14:09] {Threei}  1:2
[14:09] {Threei}  out
[14:10] {Threei}  took a while but that's aftrenoon trading
[14:10] {scottie} played by the book +.19 ty Vad
[14:10] {Threei}  :)
[14:10] {Will49} Good call Vad
[14:10] {Threei}  5:5
[14:10] {Threei}  can I finally go home?
[14:10] {Threei}  and look what happened to my alarm clock?
[14:11] {Threei}  guys, if anyone was considering attending Toronto conference, to the best of my knowledge 3 spots left
[14:12] {Threei}  my room schedule for that weekend, FYI:
[14:13] {Threei}  I'll be off on Thu, Fri and Mon, back on Tuesday Oct 2
[14:14] {Threei}  so you'll be at nemo's mercy for 3 days
[14:14] {Will49} mercy mercy
[14:15] {Threei}  scary perspective, I know
[14:16] {dino} anf sm s .50
[14:16] {Beau} I'm sure he will be his kind, considerate self.
[14:17] {Will49} look what he just did to the market
[14:17] {Threei}  gosh... now it's even scarier
[14:17] {Threei}  kind considerat nemo - what a frikin nihgtmare
[14:17] {Will49} oxymoron
[14:22] {Threei}  don't see anything in the news fr this drop
[14:22] {nemo} you mean a whole .15!!!???
[14:22] {nemo} frickin bear market
[14:23] {nemo} omg
[14:23] {nemo} sheesh
[14:23] {nemo} sky is falling
[14:23] {nemo} did I tell ya' bunny bit me?
[14:23] {dino} cov anf .82, +.68
[14:23] {Threei}  it she poisonous?
[14:23] {RonS} not since the last time...
[14:24] {Will49} mmmm bunny stew
[14:24] {nemo} thought we were playing... right in the palm of my hand
[14:26] {scottie} TXN long .80 ?
[14:27] {Threei}  if p[ulls back once again and holds .75
[14:27] {scottie} ok
[14:29] {Threei}  yup, valid play now if breaks
[14:34] {scottie} I guess cross of .75 invalidates it
[14:36] {dino} mnst sm l .75
[14:36] {goryl} see u all tomorrow, thanks Vad
[14:37] {Threei}  take care goryl
[14:44] {dino} lqdt to .85
[14:44] {dino} out +.33
[14:48] {Threei}  wtg
[14:49] {dino} ty
[14:58] {dino} mnst stop, thing is broken
[15:05] {Threei}  NL) Netherlands election results: Liberals win most votes; winning 41 of 150 seats; Labor party wins 40 seats - exit polls- Dutch Freedom Party gets 13 seats.
[15:06] {Threei}  not sure how it reflects on EU, don't remember which party is pro and which contra
[15:12] {jackharry} Both Liberal and Labour parties in Netherlands are broadly pro european, Liberal are right of centre similar to Merkel and want to stick with austerity, Labour centre left similar to Hollande and French Socialists and want to tax and spend, but both support Euro and EU. The Freedom Party want to not only leaver the Euro but the EU as well
[15:13] {nemo} ppo bottoming
[15:16] {Threei}  thanks jack
[15:16] {Threei}  not much chance that they'd reject all that ugly contraption then
[15:18] {jackharry} Unfortunately not
[15:29] {nemo} amazing, look at spy and aapl tail wagging the dog
[15:37] {Threei}  lol... I think someone on Twitter got a window in nemo's dark mind:
[15:37] {Threei}  My "retirement plan" is to get a black belt and beat up other old people.
[15:38] {Will49} Not me please Vad
[15:38] {robbers} You could do more damage by becoming a politician.
[15:39] {scottie} How old is "old people"
[15:39] {Will49} older than Vad
[15:39] {scottie} lol
[15:39] {Threei}  he is on another cpast will... we don't have to worry I think
[15:39] {Threei}  coast
[15:41] {Threei}  it's less fun, robbers... damage you cause as a politician is larger and more lasting, but less immediate
[15:42] {robbers} True, lol.
[15:42] {robbers} But not near the damage you do to yourself in losing your personal pride.
[15:43] {Will49} do pols have personal pride?
[15:43] {Threei}  they have to check it at the door
[15:43] {Threei}  job requirement
[15:43] {Will49} maybe if you can check don't have it
[15:44] {Will49} in the first place
[15:44] {Threei}  there is a guy in the booth... "personal pride, 2 lbs... honor, 125 ml... please sign here, you'll get it back when retire or lose election"
[15:44] {Will49} lol
[15:46] {Threei}  "hey, I just checked the content of the package I got back from you upon losing my last election, it's all fake!!" - "sorry sir, we return it to you 100% as it was when you checked it at the entrance... must have been fake to begin with"
[15:47] {Will49} :D
[15:47] {Will49} if we could get them to check their egos...that would be something
[15:48] {Will49} they all have big ones
[15:48] {Threei} Short Setup: TXN  .55 break
[15:48] {Threei}  If holds  .60
[15:49] {Threei}  last one for today
[15:49] {Threei}  qiick scalp if triggers
[15:51] {Threei}  time's running put
[15:51] {Threei}  out
[15:51] {Threei}  OK guys, thank you all
[15:51] {Threei}  good day with 100%
[15:51] {Will49} good day Vad
[15:51] {scottie} gn all, see you tomorrow
[15:51] {Threei}  have a great evening
[15:51] {Threei}  see you tomorrow
[15:52] {dolores} thxs see you tomorrow
[15:52] {dolores} wow VMC popping
[15:52] {robbers} Excellent day, thanks.
[15:53] {dolores} glad I covered was short:)
[15:54] {dino} gj robbers
[15:55] {dino} dolores, we should've just shorted mnst. you had the feel i think
[15:55] {dolores} well I did not want to buy it above 51
[15:56] {dolores} but did not buy it at the end
[15:56] {dolores} was lowering and lowering each time
[15:56] {dolores} but was more into buying if it went down that shorting it
[15:56] {dolores} take care guys
[15:57] {Will49} bye D
[15:57] {dino} gn