Session Time: Thu Oct 11 00:00:00 2012
[09:10] {scottie} good morning
01[09:10] {Threei} morning scottie
[09:12] {goryl} gm
01[09:12] {Threei} goryl :)
[09:14] {goryl} Vad, did u ever use bats to route ur orders?
01[09:14] {Threei} no, but mostly because I am lazy
[09:15] {scottie} please explain
[09:15] {scottie} well, I know it's not the ideal time, answer later
01[09:15] {Threei} just not jumping from route to route, mostly staying with the same
[09:15] {Beau} gm
01[09:15] {Threei} beau :)
[09:17] {goryl} checked the trade report yesterday and was surprised on how much ECN fees vary. Some were almost as much as the commissions so i asked Nonko and they said BATS is the most reliable and cheaper.
01[09:17] {Threei} right, plus you do know about ECN rebate, right?
[09:17] {goryl} no..
01[09:17] {Threei} oh
01[09:18] {Threei} ok, you pay ECN fee when you hit bid or offer;
01[09:18] {Threei} but, if you put in offer or bid and let others hot you, ECN pays you
[09:18] {goryl} adding liquidity
[09:18] {goryl} so since we use limit orders we should be adding liquidity right?
01[09:18] {Threei} latter case is adding liquidity; former is taking it
[09:19] {Will49} gm
01[09:19] {Threei} unless your limit matches existing market on the opposite side
01[09:19] {Threei} will :)
01[09:19] {Threei} example for simplicity:
01[09:19] {Threei} quote is 10 x 10.05
01[09:20] {Threei} you are long from 9.90
01[09:20] {Threei} you want to sell
01[09:20] {Threei} if you hit 10, you pay
01[09:20] {Threei} if you offer at 10.04 and they take you out, you get paid
01[09:20] {Threei} so, it makes sense to lay out order in advance if you have target in mind
01[09:21] {Threei} you can't do this all the time obviously, you'll miss to many fills
01[09:21] {Threei} especially on breakout entries
[09:22] {goryl} ok, i'm new to this ECN business:)
01[09:22] {Threei} however, even on those you may get rebate in case when your order is not filled, then stock returns and you get a fill
01[09:22] {Threei} example:
01[09:22] {Threei} you try to buy 10 break with limit at 10.02,
01[09:23] {Threei} stock spikes too fast without filling you, so your order becomes a bid
01[09:23] {Threei} then it pullas back from 10.05 and fills you - you get rebate
[09:23] {goryl} r the rebates applied at the end of the day?
[09:23] {nemo} spy stop hunt
01[09:23] {Threei} you see them the same way as you see ECN fees
01[09:24] {Threei} when you look in analysis window,
01[09:24] {Threei} you have a line saying passthru
01[09:25] {Threei} in the rightmost column Net
[09:25] {nemo} IWM hit Weekly S1 and is backing off, same with SPY, but that stop hunt for shorts makes me think higher
01[09:30] {Threei} Long Setup: FCX .35 break
01[09:30] {Threei} hl
01[09:30] {Threei} 1:1 if you got lucky
[09:30] {scottie} nice trade, too fast
01[09:31] {Threei} Long Setup: SLW .50 break
01[09:31] {Threei} If holds .40
[09:32] {thomcbell} gdx low
01[09:33] {Threei} Long Setup: GDX .70 break
01[09:33] {Threei} If holds .65
01[09:34] {Threei} half out .80
[09:34] {cipher} nice one
01[09:35] {Threei} Long Setup: FCX .30 break
01[09:35] {Threei} stop .22
01[09:36] {Threei} no go
01[09:37] {Threei} rinse
[09:37] {thomcbell} short setup - lvs 43.70 break if holding 43.80
01[09:37] {Threei} nice one
[09:38] {thomcbell} 1:1
[09:38] {thomcbell} gm trades wellout of the gate
01[09:38] {Threei} Long Setup: POT .05 break
01[09:39] {Threei} change to 42
01[09:39] {Threei} If holds .95
[09:41] {thomcbell} covered another 1/4 lvs at 43.55
[09:42] {thomcbell} stop to 43.66 on last 1/4
01[09:42] {Threei} Long Setup: SLW .25 break
01[09:43] {Threei} 1:1
[09:43] {thomcbell} lovely vad
01[09:46] {Threei} Long Setup: FCX .30 break hl
01[09:47] {Threei} If holds .20
01[09:49] {Threei} SLW 1:2, out
01[09:50] {Threei} let's trail FCX to .24
01[09:52] {Threei} 1;1
[09:53] {thomcbell} stop on lvs to 43,50
[09:53] {thomcbell} out
[09:54] {Will49} congrats
01[09:54] {Threei} verrrry nice one
[09:54] {thomcbell} tu
[09:54] {cipher} CAT L .30
[09:54] {thomcbell} slw angry today
[09:55] {nemo} think fast gonna go momo
[09:55] {cipher} out cat .46 +.16
01[09:55] {Threei} wtg
01[09:55] {Threei} FCX 1:2, out
01[09:56] {Threei} so far so good
[09:56] {scottie} Great start Vad tks
[09:57] {cipher} aapl l .81
01[09:57] {Threei} yw
[10:02] {scottie} T l .70 ?
[10:02] {cipher} out aapl.90 +1.09
01[10:03] {Threei} T, looks right
[10:06] {nemo} FAST interesting
01[10:06] {Threei} 46 break?
[10:06] {nemo} yeah, might have to buy support though
[10:07] {nemo} I think if it breaks it'll rocket
[10:07] {thomcbell} cmi looks like a long setup - but staying away
[10:07] {thomcbell} what a fade this am
[10:08] {nemo} short under 87
[10:08] {nemo} if stopped, short again at vwap
[10:10] {scottie} you think T is 2 sided ?
01[10:10] {Threei} yup
[10:11] {thomcbell} yes
01[10:11] {Threei} hmmm
01[10:11] {Threei} PIMCO ?@PIMCO
01[10:11] {Threei} Gross: He who hesitates is lost. Pride goeth before a fall. #Spain should swallow its pride and ask for help now!
[10:11] {scottie} in .59
01[10:11] {Threei} what is he, stupid?
01[10:11] {Threei} pride has nothing to do with it
01[10:12] {Threei} it's blackmail0style bargaining
01[10:12] {Threei} don't give me Greece-like conditions, then I'll ask for and accept your help
01[10:12] {Threei} otherwise I quit and your union is done
[10:14] {goryl} damn it, my internet went down
01[10:15] {Threei} ugh
[10:15] {goryl} vad, did u have any trades after the slw long at .25?
01[10:15] {Threei} missed good one
01[10:15] {Threei} yes
[10:15] {goryl} crap
01[10:15] {Threei} FCX long for 1:2
[10:21] {nemo} Syria just blew up oil pipeline
[10:23] {cc_8} International Shipholding Corporation (NYSE: ISH) announced today that it has entered into a definitive agreement to acquire a 100% ownership interest in U.S. Ocean Services
[10:23] {scottie} T stopped
[10:23] {cc_8} Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, today announced that its computer network was the target of a criminal data security breach.
[10:24] {cc_8} Quest Diagnostics Says Will Cut 400-600 Management Jobs; Create 2 New Business Structures
[10:26] {cc_8} PrivateBancorp Reports $125M Debt Offering; Will Use Proceeds to Repay TARP
01[10:31] {Threei} Long Setup: CAT .85 break hl
01[10:32] {Threei} If holds .75
[10:33] {nemo} cm short .98
[10:33] {nemo} cmi
[10:33] {nemo} stop .12ish
[10:34] {nemo} oops spy and iwm look like they're going
[10:36] {cipher} bidu l .01
[10:37] {cipher} out 1/2 .19
01[10:38] {Threei} 1:1
[10:39] {cipher} out cat .97 +.18 thx
01[10:40] {Threei} :)
01[10:40] {Threei} 1:2
01[10:40] {Threei} out
[10:40] {Will49} another nice call Vad
01[10:41] {Threei} I have my monments...
[10:41] {scottie} +.29 tks Master
01[10:42] {Threei} let's see nemo puking :)
[10:42] {scottie} lol
01[10:42] {Threei} oh, btw...
[10:42] {nemo} C&H SPY
01[10:42] {Threei} http://photography.realitytrader.com/2012/10/montreal-magic-of-lanterns.html
[10:44] {Will49} Beautiful
01[10:45] {Threei} (US) Labor Dept official indicates the decline in initial jobless claims was due to a technicality and will be likely a temporary issue
01[10:46] {Threei} - Reminder: Earlier Initial Jobless claims came in below expectations; one of the bigger states failed to report quarterly data, which accounts for a large portion of the claims decrease
[10:46] {nemo} fast broke 46
01[10:47] {Threei} 18% Consider Vice Presidential Debate Very Important To Their Vote
01[10:48] {Threei} I guess it's those same that think Obama picked Pol Ryan as his VP because of his competency
[10:48] {Will49} This should be a joke
[10:49] {Will49} the odd couple debating
01[10:55] {Threei} Short Setup: GM .80 break
01[10:55] {Threei} check in advance if it's shortable
[10:56] {nemo} s fcx .17
[10:56] {nemo} stop above .27
[10:56] {nemo} bidding .06
[11:01] {nemo} stop to .20
[11:04] {cipher} s aapl 639.52
[11:04] {cipher} cov +.52
[11:04] {nemo} wow...wish I caught that fast break...no pun intendend
[11:06] {cipher} want aapl long 637ish
[11:06] {cipher} if it gets there
[11:07] {nemo} looking for fcx to drop to vwap
[11:07] {nemo} stop to .15ish
[11:07] {cc_8} Heartland Financial USA, Inc. (NASDAQ: HTLF) announced today that it has . entered into a definitive agreement to acquire Heritage Bank, National
[11:07] {cipher} L AAPL 637.27
[11:09] {nemo} bidding .95 fcx
[11:09] {cipher} out 1/2 +1
01[11:10] {Threei} eeck
01[11:11] {Threei} GM stop .86
[11:13] {nemo} FAST coming back in
[11:15] {nemo} pulling fcx bid
[11:15] {nemo} that volume spike
[11:15] {nemo} wow
[11:16] {nemo} fast
[11:16] {nemo} sorry
01[11:19] {Threei} let's cover half GM
[11:20] {nemo} s cnx .99
[11:20] {nemo} stop .10ish
[11:21] {nemo} mmmh, stink bid .00 FAST?
[11:22] {nemo} bidding .91 fcx
[11:25] {nemo} out fcx
[11:25] {scottie} target 1:2 or 1:3 on gm Vad?
01[11:25] {Threei} 1:2
[11:25] {scottie} tks
[11:25] {nemo} l fast .12
[11:25] {nemo} stop under .00
[11:27] {nemo} ow
[11:27] {nemo} looking for bounce at .75 level
[11:28] {nemo} rinse
[11:28] {nemo} fcx
[11:28] {nemo} sorry
01[11:29] {Threei} scalpers win
[11:30] {nemo} wlt .15 offer
[11:32] {scottie} aig s .80 ?
01[11:32] {Threei} not sure
[11:33] {scottie} looks like c&h ?
01[11:33] {Threei} just a bit narrow today
[11:33] {scottie} tks
[11:34] {nemo} joy
[11:34] {nemo} sorry
[11:35] {scottie} etn l .20 ?
[11:35] {nemo} chk offer
[11:35] {nemo} right at the 200 day SMA
[11:39] {nemo} almost worth buying with a stop under .10, let's see if we get a flush first
[11:39] {thomcbell} fcx 2 sided - 41.17 and 41.20
[11:40] {thomcbell} fcx 1:1
[11:42] {nemo} scratching CNX
[11:43] {thomcbell} fcx 1:2 and closed
[11:44] {Will49} salutee
01[11:44] {Threei} wtg
[11:52] {cipher} aapl l 634.03
[11:54] {thomcbell} fcx lot of fight
[11:57] {cipher} out 1/2 aapl 635.36 +1.33
[12:06] {thomcbell} long small dg
[12:09] {thomcbell} out dg 49.59
[12:13] {thomcbell} wow this dltr down much more than the other two
[12:19] {thomcbell} fcx was another entry there potentially with 41.33 stop
[12:19] {thomcbell} 41.28 break
01[12:24] {Threei} Long Setup: GM .83 break
01[12:24] {Threei} If holds .80
01[12:25] {Threei} negligible risk, aggressive entry for .90 break
01[12:29] {Threei} plan is to all first partial just under .90
[12:29] {thomcbell} covered remaining fcx
01[12:30] {Threei} and ride the rest for the break
01[12:34] {Threei} come on GM, push
01[12:35] {Threei} so, while we are waiting on this one, get this little story
01[12:36] {Threei} having a meting with local business association that showed interest in using some of my photos in their marketing, I put some of shots I wanted to show them on my tablet
01[12:36] {Threei} in a few hours, coming back home, I see notification on my computer from Google:
01[12:36] {Threei} you added some photos to Instant Upload
01[12:36] {Threei} what the deuce, thinks me,
[12:37] {Will49} dishonest Cauncks:(
[12:37] {Will49} Canucks
01[12:37] {Threei} go to check, sure enough all photos I loaded on tablet with no slightest intention to upload them on internet, got uploaded
01[12:37] {Threei} no will
[12:37] {Will49} kidding
01[12:38] {Threei} google+ has default setting that uploads all photos you put on a tablet
01[12:38] {Threei} you can turn it off,
01[12:38] {Threei} but you need to know about its existence in a first place
01[12:38] {Threei} which I didn't
[12:38] {Will49} ahhh I see.....me ludite
[12:39] {Will49} Will sitting here trying to get a rise out of nem
[12:39] {Will49} nemo
01[12:39] {Threei} they are not public until you share them, but anyway, I can imagine situations where people want theit photos nowhere near internet
01[12:40] {Threei} I mean, a couple making some home shots on their phone or tablet, for their own consumption... suddenly finding them being uploaded?? :)
[12:40] {Will49} oohhh
[12:41] {Will49} Wife has an iPad....better watch out eh?
[12:41] {dino} cmn sm l .84
01[12:42] {Threei} no idea about Apple
[12:45] {Will49} she uses PICASA for photos
01[12:48] {Threei} half out
01[12:48] {Threei} btw... considering risk being next to zero, 5 lots
[12:50] {dino} nice
[12:56] {goryl} just figured a way to turn my cell phone into a hotspot. Now i got a backup internet connection. Take that cable co...:)
01[12:57] {Threei} anyone's in GM and need help with trade management?
01[12:59] {Threei} come on... 4 cents risk, yeilded 16 cents already, and no one takes it?
01[12:59] {Threei} I am off to monasdtery
[12:59] {thomcbell} what was the entry Vaddy?
[12:59] {Will49} got .10 on a scalp tks
01[13:00] {Threei} 12:24] {Threei} Long Setup: GM .83 break
01[13:00] {Threei} [12:24] {Threei} If holds .80
01[13:00] {Threei} [12:25] {Threei} negligible risk, aggressive entry for .90 break
[13:00] {Beau} bought @ .83
01[13:00] {Threei} whew
[13:01] {Beau} sm. thought of adding but didn't
[13:01] {thomcbell} i do really like this gm - nice relative strength of late
[13:20] {scottie} was away for a while, missed GM trade, considering the risk, it made 1:3, nice
[13:21] {scottie} you bought 5K Vad ?
01[13:23] {Threei} yeah
01[13:23] {Threei} with such risk, why not increase size
01[13:23] {Threei} very thick stock, too
01[13:23] {Threei} no slippage concern
[13:23] {scottie} Kinda guts I don't have yet, lol
01[13:24] {Threei} ese would love this play but he is slacking today
01[13:24] {Threei} gotta remember to rub it in his face tomorrow
[13:26] {scottie} peg .15 if holds .10 ?
01[13:27] {Threei} probably
01[13:29] {Threei} sklow...
01[13:29] {Threei} -k
01[13:47] {Threei} Short Setup: FCX .95 break
01[13:49] {Threei} stop is above 41
01[13:49] {Threei} (obviously)
01[13:51] {Threei} bid half .86 - .87
01[13:51] {Threei} hit
01[13:51] {Threei} stop to .96
[14:06] {goryl} see u tomorrow Vad
01[14:08] {Threei} take cre goryl
[14:31] {thomcbell} take care everyone
[14:31] {thomcbell} got to do some kids stuff
[14:32] {Will49} be good thom
[14:37] {jackharry} OUCH!! Rugby League play loses testicle after rupturing it during match and refusing to come off for treatment http://www.dailymail.co.uk/sport/rugbyleague/article-2214752/Paul-Wood-man-lost-testicle-Grand-Final-EXCLUSIVE.html
01[14:39] {Threei} god... it's painful just to read the headline
[14:54] {nemo} tna long setup, but I'm not feling it
[15:00] {nemo} funny action
[15:02] {nemo} mmhhh, indexes look long on 15 minute
[15:10] {nemo} chop chop
[15:28] {dino} strange days, scanner barely moves last few days
01[15:28] {Threei} yes... spoke about it yesterday
[15:29] {dino} not my market, barely trading
[15:29] {dino} lots of sitting on my hands so to speak
01[15:36] {Threei} http://goo.gl/1ugtC
[15:37] {scottie} wow, beautiful Vad
01[15:38] {Threei} ty
[15:43] {Will49} did you photoshop that moon in there:)
01[15:43] {Threei} yup
[15:43] {Will49} fabulous photo
01[15:43] {Threei} :)
[15:44] {Will49} by the way...you were only given permission to travel to Toronto
01[15:44] {Threei} I am a rebel
01[15:45] {Threei} want to make me jump fropm the bridge - hang a sign forbidding to do so
01[15:46] {Threei} Short Setup: FCX .80 break
01[15:46] {Threei} kast coksing scalp
01[15:46] {Threei} last clsing
01[15:46] {Threei} closing
01[15:46] {Threei} there... I made it
01[15:46] {Threei} If holds .85
01[15:49] {Threei} took .83 aggressive
01[15:49] {Threei} I can handle 3 cents stop
01[15:49] {Threei} dies FCX
01[15:49] {Threei} -c
01[15:49] {Threei} -s
01[15:49] {Threei} sheesh, my typing becomes worse by minute
01[15:50] {Threei} I need to wear fins on my feet anf try to type with them... can't be any worse that it is
01[15:52] {Threei} lol:
01[15:52] {Threei} A key reason for Standard & Poor�s two-notch downgrade of Spain to near junk last night is the refusal of premier Mariano Rajoy to bite the bullet on a rescue. His "hesitation" is "potentially raising the risks to Spain�s rating".
01[15:52] {Threei} By contrast, Moody�s said earlier that it will cut Spain to junk if it DOES request a bail-out. What a marvellous mess.
01[15:52] {Threei} man... what a frikin bunch of clowns
01[15:55] {Threei} worth reading:
01[15:55] {Threei} http://goo.gl/eHekm
01[15:56] {Threei} sell faster FCX, time's running out
01[15:58] {Threei} 1 min left
01[15:59] {Threei} out .76
01[15:59] {Threei} nice end to a nice day
01[15:59] {Threei} thank you all, have a greate evening
01[15:59] {Threei} see you tomorrow
[15:59] {Will49} Tks Vad
[16:00] {scottie} out +.04, nice scalp to end a great day, tks Vad
01[16:00] {Threei} :)
[16:00] {scottie} gn all
[16:00] {robbers} thanks Vac
[16:01] {robbers} My typing is copying Vad's now. Thanks.
