Monday, October 15, 2012

Oct 15 2012

Very nice start to the week with a lot of winning trades and just one half-lot stop. Today's Catch of the Day is classic BMR setup, well familiar to 111 Trades readers.





Session Time: Mon Oct 15 00:00:00 2012
[08:59] {goryl} gm
01[08:59] {Threei}  morning goryl
[09:01] {scottie} goog morning
[09:01] {_skhotoveli} gm all
[09:03] {cipher} morning
[09:04] {dino} gm
01[09:04] {Threei}  morning all
[09:15] {Beau} gm
01[09:16] {Threei}  beau :)
[09:17] {ese} gm
01[09:17] {Threei}  ese :)
01[09:17] {Threei}  ugh... ese, missed another play in your style on Fri... VRNG
[09:18] {ese} just looking on the cvc website at the salvage operation of the costa concordia on Giglio in italy
[09:18] {ese} cbc
01[09:19] {Threei}  why, you want to invest in it?
[09:19] {ese} i'm missing a ton of stuff bad.......my school schedule is p...ing me off to tell you the truth
[09:19] {ese} vad
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:20] {ese} how do you get rid of the spell check........cbc...cvc vad...bad.....it's drving me nuts
[09:21] {ese} there going to re float that ship..........that operation along should single handedly resurect the italian economy
[09:22] {ese} mornin will
01[09:22] {Threei}  yeah... that's why Italy PM started making public noises about asking for bailout this weekend :)
01[09:26] {Threei}  keep FCX on radar for opening short if it gives us a bounce
01[09:32] {Threei} Short Setup: FCX  .90 break hl
01[09:32] {Threei}  If holds  40
[09:33] {ese} nope
01[09:33] {Threei}  ?
[09:33] {ese} oh...maybe
[09:33] {dino} cof sm l .01
01[09:33] {Threei} Short Setup: SLW  .55 break
01[09:33] {Threei}  If holds  .65
[09:34] {dino} out cof .37, +.36
01[09:34] {Threei}  Invalidated  SLW
01[09:35] {Threei} Long Setup:  C  .80 break
01[09:35] {Threei}  If holds  .70
01[09:35] {Threei}  1:1
[09:35] {ese} in .81
[09:36] {ese} out .89
[09:36] {ese} +.08
01[09:36] {Threei}  not fooling around eh
01[09:36] {Threei}  FCX is still valid
[09:37] {ese} no.......no time
01[09:37] {Threei} Long Setup:  T  35 break
01[09:37] {Threei}  If holds  .90
01[09:39] {Threei}  FCX invalidated
01[09:39] {Threei}  T target 1:3
[09:39] {ese} L fcx .00
01[09:40] {Threei}  good fade
01[09:40] {Threei}  1:1
01[09:40] {Threei}  1:2
01[09:40] {Threei}  wtg
[09:40] {cipher} aapl l.51
[09:40] {ese} stop to .20
[09:40] {goryl} my limit orders won't go thru
[09:41] {ese} .25
[09:41] {ese} stopped fcx .25 +.25
01[09:41] {Threei}  wow... market tripped on something
[09:42] {dino} gj
01[09:42] {Threei}  (US) Preview: Aug Business Inventories due out at 10:00ET (14:00 GMT)**Consensus expectation: 0.4%e v 0.8% prior
01[09:42] {Threei}  (DE) German Deputy Fin Min Kampeter: Open to proposals on common Euro-area budget
01[09:43] {Threei}  what's next, bundestag janitor will reject it?
[09:43] {cipher} out aapl +.20
01[09:44] {Threei}  where is nemo... morning is not a morning without anyone to insult
01[09:44] {Threei} Long Setup:  LVS  .30 break
01[09:44] {Threei}  hl
01[09:44] {Threei}  If holds  .20
01[09:47] {Threei}  nervous market
[09:47] {scottie} nervous scottie
01[09:47] {Threei}  mo go LVS
[09:47] {dino} 07 red
[09:49] {cipher} aapl l 629.62
01[09:49] {Threei}  T 1:1
01[09:50] {Threei}  play by the book
[09:51] {cipher} aapl stopped -.52
01[09:52] {Threei} Long Setup:  JPM  42 break
01[09:52] {Threei}  If holds  .90
01[09:53] {Threei}  Invalidated
[09:53] {cipher} aapl l.00
06[09:56] * Threei slaps nemo around a bit with a large alarm clock
[09:57] {nemo} I've been sitting out in the woods since 2:30 am your time
01[09:57] {Threei}  which is merely 5:30 yours... not a big feat really, that's when I wake up
01[09:58] {Threei}  allow me to remain unimpressed
[09:58] {nemo} well I was up at 1:30 your time
01[09:58] {Threei}  oh
01[09:58] {Threei}  sorry... taking it back
[09:58] {nemo} pisdah
[09:58] {dino} mnro sm l .06 ave
01[09:58] {Threei}  your russian vocabulary really needs some widening
[09:58] {nemo} send me a list
01[09:59] {Threei}  gosh, that would be a very long list, lol
[09:59] {nemo} htraya zhoppa svena madka pisda, etc
01[09:59] {Threei}  T 1:2
[09:59] {scottie} T +.19 ty Vad
01[09:59] {Threei}  nice steady move
01[09:59] {Threei}  yw
01[10:00] {Threei}  *(US) AUG BUSINESS INVENTORIES: 0.6% V 0.5%E
01[10:01] {Threei} Long Setup:  JPM  .95 break
01[10:01] {Threei}  If holds  .90
[10:02] {nemo} was gonna say tna long .21
01[10:02] {Threei}  T stars final drive to the target
[10:02] {nemo} stop under .10
01[10:03] {Threei}  JPM target about 42.15
01[10:03] {Threei}  half out
01[10:03] {Threei}  .04
[10:03] {dino} out jpm +.12 ty vad
[10:03] {cipher} out 1/2 aapl 632 +2
01[10:03] {Threei}  :)
[10:03] {dino} gj cipher
[10:04] {cipher} ty
[10:05] {ese} cof sure was a nice one dino
[10:06] {nemo} stop tna .35
[10:06] {Will49} tks vad +.14
01[10:06] {Threei}  yw
[10:07] {dino} srpt sm l .26
[10:09] {dino} ty ese
[10:09] {scottie} http://www.google.ca/
[10:09] {dino} stop srpt .99 -.28
01[10:09] {Threei}  T 1:3, over and out
[10:10] {dino} nice
[10:11] {cipher} srpt l .60
[10:11] {nemo} we're doing the 50 SMA dance in SPY
[10:13] {dino} re-load srpt sm l .45
01[10:14] {Threei}  where do these sudden spikes down come from today
[10:14] {scottie} vz l .25 ?
[10:15] {dino} sah l .05
[10:15] {dino} damn srpt stop again -.20
01[10:16] {Threei}  chart is right... market is not very favcorable to this kind of plays right now
[10:16] {cipher} srpt stopped -.28
[10:16] {scottie} ok tks
01[10:20] {Threei}  visual: http://goo.gl/4wsrF
[10:23] {dino} out sah .17 +.12
01[10:27] {Threei}  VZ looks better now
01[10:27] {Threei}  SPY forms reversal, should support it
01[10:28] {Threei} Long Setup:  TNA  .25 break hl
[10:28] {dino} agnc sm l .35
01[10:28] {Threei}  Invalidated
[10:29] {scottie} in VZ .26
01[10:30] {Threei}  wow... SPY got smacked down just when tried to change the trend
01[10:30] {Threei}  keep it tight scotti... .19
[10:32] {dino} agnc stop -.35
[10:34] {scottie} out VZ
[10:34] {dino} agnc l .00
[10:35] {dino} out agnc .13, +.13
01[10:38] {Threei} Short Setup: CAT  .10 break hl
01[10:38] {Threei}  If holds  .20
[10:38] {nemo} tna .11
[10:38] {nemo} stop under .00
[10:39] {nemo} offering .21
[10:39] {nemo} stop b/e
[10:40] {dino} agnc l .50
[10:41] {dino} cof sm l .90
[10:41] {nemo} looking for vwap
[10:41] {dino} out agnc .62, +.12
[10:41] {dino} just that it trades pulp
[10:42] {nemo} They need to move football to Saturdays so I don't have a hangover on Monday
[10:42] {dino} lol
[10:43] {nemo} try climbing trees in the dark with a hangover
[10:43] {nemo} try finding the tree in the dark
[10:44] {nemo} cat vwap .56
[10:53] {cipher} dino, still in mnro?
[11:00] {dino} yes
[11:01] {dino} thinking .40s
[11:01] {cipher} cool
[11:02] {dino} agnc, should've just held on
[11:06] {scottie} C l .10 ?
[11:08] {scottie} in .11
[11:16] {cipher} mnro +.30 thx dino
[11:19] {dino} yw
[11:22] {scottie} stop .04
[11:28] {dino} out cof .23, +.23
[11:28] {dino} +.33
[11:29] {Will49} ho hum...par for the course eh dino?
[11:29] {dino} how you make out on tcbi hold?
[11:29] {Will49} i marvel at how you and nemo trade those things
[11:30] {thomcbell} u held TCBI from Friday?
[11:30] {dino} nothing to marvel about, control risk thru size
01[11:30] {Threei} Long Setup:  LEN  .40 break
01[11:30] {Threei}  If holds  .30
[11:31] {dino} tbell i sold friday near close
[11:31] {thomcbell} short setup qcom 58.60 break if holding 58.70
[11:32] {scottie} half out C
[11:32] {thomcbell} could make case for both sides on qcom
[11:32] {thomcbell} but its been such a dog last week or so
01[11:32] {Threei}  nice one scottie
[11:33] {thomcbell} qcom invalid
[11:37] {scottie} C out in full +.19
01[11:38] {Threei}  wtg
[11:38] {Will49} nice scottie
[11:38] {scottie} tks
01[11:38] {Threei}  adding that confidence daily
[11:39] {scottie} yes
01[11:39] {Threei}  just watch out for the moment when it overshoots on another side
01[11:39] {Threei}  and you start feeling invincible
[11:39] {scottie} goos point
[11:39] {scottie} good
[11:39] {thomcbell} although had u done qcom long it is 1:1
[11:39] {thomcbell} i however did not
01[11:39] {Threei}  that's when it smacks you right back
[11:43] {nemo} IWM 50 sma around .56
[11:56] {nemo} maybe not today, but DE is setting up on the daily
[12:00] {Beau} len stp still .30?
01[12:01] {Threei}  let's tighten it to .34
[12:02] {cc_8} UPDATE: Gannett Q3 Profit Surges 33%
[12:09] {dino} out mnro .37, +.31
[12:10] {scottie} nice dino
[12:10] {dino} ty
01[12:26] {Threei}  {LEN} I may bring you profit but I will sure put you to sleep in the process
[12:27] {Will49} zzzzzzzzzzzzzzz
01[12:28] {Threei}  ok... it may happen today, yes, today!
01[12:28] {Threei}  you heard it right
01[12:29] {Threei}  1:1 baby
01[12:29] {Threei}  beau, wake up
[12:30] {goryl} ty Vad:)
01[12:30] {Threei}  yw
[12:30] {robbers} LEN responds to Vad's insult.
01[12:30] {Threei}  nice start to the week... much better than last Monday anyway, lol
[12:31] {Beau} what who uh, oh yea
01[12:31] {Threei}  they usdually do robbers...
01[12:34] {Threei}  found out that since my last visit, Big Island has Costco now
01[12:35] {Threei}  which made me think: with their generous return policy, how do they protect themselves in such place from those who come light, buy towels, snorkeling and other beacvh gear, to return it in a week?
[12:36] {Will49} that wouldn't even enter some people's minds:)
01[12:36] {Threei}  of course not
01[12:37] {Threei}  friend in photo store complained about fiolks coming to buy underwater camera in the winter, only to return it in 10 days
[12:45] {robbers} They have a harsh policy for that, Vad, if they catch you doing such a thing you have to spend all day in the store.
[12:45] {Will49} lol
01[12:45] {Threei}  that would be cruel and unusual punishment, wouldn't it
[12:45] {Will49} that would be first prize for my wife
[12:49] {scottie} +.18 ty Vad, having a great day so far
01[12:49] {Threei}  1:2
01[12:49] {Threei}  out
01[12:49] {Threei}  yw scottie
[12:50] {Will49} good one Vad TKS
01[12:50] {Threei}  :)
[12:50] {Beau} thx
[12:50] {Beau} for waking me up
01[12:50] {Threei}  that one of RT services
01[12:50] {Threei}  that's
[12:51] {robbers} Thanks.
01[12:55] {Threei}  the drive toward total unraveling has begun:
01[12:55] {Threei}  (EU) ESM has begun buying short-dated paper on the open market - financial press- ESM is said to be buying sovereign, supranational and agency paper. - Banking attribute a 4-5bp tightening at the short-end of EIB's curve, and a 2-3bp move in KfW short-dated paper to the ESM
[13:11] {nemo} srpt weak through this whole move up
[13:24] {dino} mnro sm l ave .01
[13:27] {dino} ilmn sm l .10
[13:31] {cipher} aapl .01
[13:32] {dino} out ilmn .40, +.30
[13:32] {nemo} What?  VWAP run
[13:33] {dino} ilmn? then another buck
[13:33] {dino} was just looking for .30
[13:35] {cipher} ilmn +.30 thx dino
[13:37] {dino} np
[13:38] {dino} mnro stop is .89 fwiw
[13:38] {cipher} out aapl 628 +.99
[13:38] {dino} gj
[13:38] {Will49} excellent cipher
[13:38] {cipher} ty
[13:43] {nemo} bunny not in a good mood
[13:50] {cipher} aapl l.00
[13:51] {cipher} out .57
[13:53] {dino} gj
[13:53] {dino} that ilmn keeps going
[13:54] {cipher} bbby l .40
[14:06] {cipher} out 1/2 .50
[14:08] {cipher} out rest .44
[14:09] {dino} mnro stop
[14:11] {cipher} ilmn l .00
[14:11] {cipher} out .10
[14:15] {cc_8} Manchester United Announces Partnership with Bakcell
[14:15] {cipher} mnro l. 65
[14:21] {dino} sjm drop
[14:21] {dino} and bounce
01[14:23] {Threei} Long Setup:  FCX  .10 break hl
01[14:23] {Threei}  If holds  40
[14:28] {cipher} out mnro .80 +.15
01[14:32] {Threei}  meh
[14:35] {thomcbell} long setup fio 28.89 break if holding 28.80
[14:38] {thomcbell} target is 29.20 or about 1:3
[14:42] {thomcbell} fio 1:1
01[14:43] {Threei}  nice
[14:47] {cipher} aapl l .95
[14:48] {scottie} dltr l .40 ?
[14:49] {scottie} too fast
01[14:49] {Threei}  yeah
[14:53] {scottie} Vad, do you think I could have entered at .30 or was it too soon ?
[14:53] {cipher} out 1/2 aapl 630.42 +1.47
01[14:54] {Threei}  why, that would be a valid agressive db entry
[14:54] {scottie} tks
[15:10] {dino} out mnro +.29 ty cipher
[15:13] {cipher} yw
[15:19] {cipher} out rest aapl 631 +2.05
[15:19] {Will49} wow
[15:19] {dino} u r crushing that apple today
[15:19] {cipher} too soon :(
[15:20] {cipher} left a buck on the table
[15:20] {scottie} great cipher
[15:21] {dino} calling it a day. thx all, decent one
[15:21] {thomcbell} fio sets up again 29.05 break if holding 28.93
01[15:21] {Threei}  take care dino
[15:22] {thomcbell} nice little battle going on
[15:26] {nemo} looking like another day of ursine sodomy tomorrow
[15:27] {cipher} aapl s .00
[15:27] {Will49} cipher is like a dog in heat with apple
[15:27] {cipher} cov +.10 not working
[15:28] {nemo} nah...more like a rutting buck
[15:28] {Will49} better than ursine sodomy
[15:28] {nemo} look aapl on the daily, likely going to run
[15:29] {nemo} depends on who is doing what to whom
[15:29] {Will49} for you maybe
[15:29] {nemo} better to be the "er"  than the "ee"
[15:30] {Will49} i'll give you that
[15:30] {Will49} so to speak
01[15:30] {Threei}  lol
01[15:32] {Threei}  frikin FCX
[15:40] {thomcbell} fio invalidated - too late anyhow
[15:44] {nemo} see if they try to get SPY to the Monthly pivot
[15:46] {nemo} there we go
01[15:47] {Threei}  OK guys, no more trades
01[15:47] {Threei}  very decent start to the week
01[15:48] {Threei}  let's have a nice evening, see you tomorrow
[15:48] {scottie} gn everyone, tks Vad
[15:48] {Will49} be good
01[15:48] {Threei}  can't promise that, will
[15:48] {Will49} :)