Here are the new levels for month with yesterday's weeklies:
Monday, April 30, 2012
Nemo's Findings 4/30 monthly update
(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html
Here are the new levels for month with yesterday's weeklies:
Here are the new levels for month with yesterday's weeklies:
Apr 30 2012
Frustratingly slow and narrow day with listless trading and no follow-through whatsoever. A few nicely working plays were few and far between, and couldn't outweigh stops. "Bug" day.
Session Time: Mon Apr 30 00:00:00 2012
06[08:56] * Les slaps nemo around a bit with a large trout
06[08:57] * Les slaps Vad around with a mug of coffee
[08:57] {Les} morning
[08:57] {Threei} ummmhh
[08:57] {Les} ah so you are alive
[08:58] {Les} thought those pork ribs would be the death of you
[08:58] {Threei} why would they
[08:58] {Les} because they pack the energy equivelent of an atomic bomb
[08:59] {Threei} very healthy food
[09:04] {dptl} gm
[09:04] {Threei} dp :)
[09:13] {scottie} gm
[09:17] {Threei} scottie :)
[09:19] {dino} gm
[09:20] {RonS} gm
[09:22] {Threei} dino, ron :)
[09:27] {Threei} looks like short is in order as opening play
[09:29] {Threei} giving a min or two for spreads to tighten
[09:29] {Threei} SLW .85 break if it waits for us
[09:29] {Threei} yeah right
[09:30] {Threei} and FCX, hopefully 38 break
[09:30] {Threei} Short Setup: FCX 38 break
[09:31] {Threei} another yeah right
[09:31] {Threei} Short Setup: SLW .85 break
[09:32] {Threei} If holds UNDER .95
[09:32] {Threei} change to .90 break
[09:34] {Les} missed tza
[09:34] {Threei} .96 stop
[09:36] {dino} out wdc from friday afternoon buy, +1.14
[09:36] {Threei} Short Setup: FCX .85 break
[09:36] {Threei} wtg
[09:36] {dino} ty
[09:36] {Threei} out SLW
[09:36] {Threei} FCX is two sided
[09:37] {Threei} .95 break long
[09:37] {Threei} SLW rinse
[09:40] {Threei} trail FCX to .91
[09:43] {Threei} out
[09:44] {Threei} *(US) APR CHICAGO PURCHASING MANAGER: 56.2 V 60.0E
[09:47] {Threei} Long Setup: GLD .80 break hl
[09:47] {Threei} If holds .70
[09:48] {Threei} target 1:3
[09:49] {Threei} Long Setup: TNA .50 break
[09:49] {Threei} If holds .40
[09:49] {Threei} change to .40 break
[09:50] {Threei} target .70
[09:50] {Threei} stop under .30
[09:50] {cipher} aapl l. 592.22
[09:50] {nemo} .60 level next support on IWM
[09:50] {cipher} out aapl 593.39
[09:53] {Threei} come on SPY, double botom time
[09:54] {Threei} nope
[09:54] {Threei} things don't work
[09:55] {Les} I had the first break at :49, but poor money management. Didn't take any off the table
[09:56] {nemo} no multi level support until .40 area for spy, price breakout .50
[09:56] {nemo} almost there for IWM
[09:58] {nemo} ok...deficate or get off the pot time for IWM here
[09:59] {Threei} Long Setup: TNA .10 break
[09:59] {Threei} valid again
[09:59] {Threei} first time was way too quick
[10:00] {Threei} If holds 59
[10:01] {dino} 07 fast red
[10:02] {Threei} last shake probably
[10:02] {Threei} gotta start bouncing for real now
[10:02] {nemo} spy acting well
[10:02] {Threei} target 1:3
[10:03] {nemo} mid 90's pivot and vwap
[10:03] {Threei} 1:1
[10:03] {nemo} vwap spy .mid 90s
[10:03] {Threei} 1:2
[10:04] {Threei} 1:3, out
[10:05] {dino} gj
[10:05] {Threei} ty... needed that
[10:05] {Threei} need couple more of such, lol
[10:06] {nemo} interesting to note: bounce was off IWM levels, not spy, likely means we're still risk-on
[10:06] {nemo} http://www.freestockcharts.com?emailChartID=265fa85f-81bb-42f6-98f9-6f58679ae993
[10:07] {Les} yeh noticed that. Was worried SPY would tear TNA anew one
[10:08] {scottie} Tried my first partialling out vad
[10:09] {Threei} worked?
[10:09] {scottie} half at +10 other half at +20 ty
[10:09] {Threei} :)
[10:11] {Les} shakeout in TNA here?
[10:11] {Les} nope
[10:12] {Threei} tough read on TNA
[10:12] {Threei} not sure
[10:12] {Les} lvs
[10:12] {Les} .90 break interest you?
[10:13] {Threei} not much
[10:13] {Threei} Long Setup: SLW .70 break
[10:13] {Threei} If holds .60
[10:14] {Threei} can't tell between a scalp only or more... your discretion
[10:14] {Threei} 1:1
[10:15] {dino} wcrx spike
[10:16] {Threei} 1:2, out
[10:16] {Les} all out
[10:16] {Les} yep
[10:16] {Threei} still in red but srting dminishes significantly
[10:16] {dino} crox sm l .00
[10:16] {Threei} sting too
[10:17] {Les} yeh, was gonna say one more for the road
[10:18] {nemo} what a perfect 2nd setup on tna and spy held the 10 min
[10:26] {Les} SLW .90 break?
[10:26] {Les} or better to wait the 30 break?
[10:26] {Threei} can't tell
[10:27] {Threei} SPY is unclear
[10:30] {Threei} *(US) APR DALLAS FED MANUFACTURING ACTIVITY: -3.4 V 8.0E
[10:30] {Threei} woow
[10:30] {Les} that's a slowdown
[10:30] {Threei} how's that recovery going
[10:30] {nemo} tza time
[10:31] {Les} daily shows resistance for TZA around .20
[10:32] {Les} .10
[10:32] {Les} here
[10:33] {Les} dunno what sort of support that is for the indexes Nemo? strong stuff?
[10:34] {dino} sbux sm l .05
[10:34] {Threei} Long Setup: TZA .05 break
[10:35] {Threei} If holds 18 scalpers .95 daytraders
[10:43] {scottie} target on TZA?
[10:44] {dino} mdrx
[10:44] {Threei} doesn't work
[10:44] {Threei} out
[10:44] {Threei} listless day
[10:47] {Threei} unreadable up and down with no rhyme or rhythm
[10:48] {Threei} if you held with stop under .95, exit as you see fit, I have no read here
[10:50] {Les} yeh Euro banks are all chop today
[10:51] {dino} mdrx sm l .70
[10:51] {Threei} with next weekend being quite critical point for EU, no wonder
[10:52] {dino} it's always a critical point for eu
[10:52] {andj} Hey all
[10:52] {Threei} hehe
[10:52] {Threei} hi andj
[10:53] {andj} Any luck so far?
[10:53] {Threei} well, two elections... and both don't look good for EU conhesiveness
[10:54] {andj} And that shakes people out of the market right?
[10:54] {Threei} I think we will see plenty of fear this week
[10:55] {Les} make it readable fear, cause this is just rude...
[10:55] {andj} What do you think about esrx short?
[10:55] {Threei} .60 break was good setup
[10:56] {Threei} here. I'd need either bounce or consolidation
[10:56] {andj} OK
[10:57] {andj} What about JPM .80 break short? or is it two sided?
[10:58] {Threei} short looks better to me
[10:58] {Threei} actually, aggressive entry
[10:58] {Threei} ,90 break
[10:58] {Threei} with .96 stop
[10:59] {Threei} Short Setup: JPM .90 break
[10:59] {Threei} If holds .95
[11:00] {Threei} Invalidated
[11:00] {Les} slw again vad. .90 break?
[11:01] {andj} oh well...
[11:01] {Threei} I'd rather try it long on pullback to about .80 than breakout
[11:02] {Threei} breakouts don't really work today
[11:02] {dino} wcrx sm s .99
[11:04] {Threei} get SLW on first strength
[11:04] {Les} vwap .77 slw
[11:04] {Threei} try to unload first partial near .90, hold the rst for the break
[11:05] {Threei} .75 stop
[11:05] {dino} wcrs cov/satop -.08
[11:05] {andj} so enter slw at .80?
[11:06] {Threei} I took .82
[11:07] {cipher} cat l .82
[11:12] {Threei} gutsy move cipher... but seems to start working
[11:12] {dino} out mdrx .00, +.30
[11:12] {dino} crox to .10
[11:12] {Threei} nice
[11:13] {dino} ty
[11:14] {cipher} out cat .80 -.02
[11:14] {dino} sbux to .30
[11:14] {Les} half at .88
[11:14] {dino} out sbux +.25
[11:15] {Threei} stop to .79 SLW
[11:15] {andj} do you have some rule about when to move a stop up?
[11:17] {Threei} of course... when 1:1 is reached
[11:17] {andj} even if the price pulls back?
[11:18] {Threei} after hitting 1:1?
[11:19] {andj} well slw pulled back just before 1:1...just asking
[11:19] {Threei} why before... it hit .89, right?
[11:19] {Threei} that's 1:1 for .82 entry with .75 stop
[11:20] {andj} ohhhh right...
[11:20] {Threei} plus, it held .80 on every pyllback, making it strong support
[11:20] {Threei} so, trail is certainly in order
[11:20] {Threei} and we planned to sell half near .90 from the get-go
[11:20] {dino} cpts spike
[11:20] {Les} call me a premature evacuator @.88 (first out the door;)
[11:21] {andj} I forgot about the smaller stop.
[11:25] {dino} out crox .20. +.20
[11:25] {Threei} scalpers win
[11:26] {dino} back in 10
[11:28] {andj} Vad would you mind taking a look at MAN...
[11:28] {Threei} if you insist... but I am as straight as they come
[11:29] {andj} I was afraid to ask...
[11:29] {Threei} breakdown candidate
[11:29] {andj} Just glad Nemo's not here...
[11:29] {Threei} lol
[11:29] {andj} right...is the better entrance .60 or is .55 good enough'
[11:30] {Threei} I would try .60 break, half lot
[11:30] {Threei} and if SPY looks good and it continues down, add half lot on .55 break
[11:30] {andj} going for .10?
[11:31] {Threei} with market help it could do much better
[11:31] {Threei} look at daily
[11:31] {Threei} nothing but air under this support
[11:31] {andj} it looks right on the edge...
[11:31] {Threei} yup
[11:34] {andj} got in at .59
[11:34] {Threei} for this first half keep .70 stop for now
[11:34] {Threei} if second prt triggers we will trail it from there
[11:36] {andj} ok
[11:38] {Threei} if breaks .55 from here, take second half and move a stop for the whole thing to .66
[11:38] {andj} market´s dropping a little
[11:42] {scottie} Gotta go now, thanks all, see you tomorrow
[11:42] {Les} cheers
[11:42] {Threei} take care scottie
[11:42] {Threei} if SPY loses .60, we are likely to see a nice juicy panic
[11:43] {andj} that would be nice
[11:50] {andj} sooooo slooooooow
[11:50] {dino} things seem slow today
[11:50] {Threei} well, look at SPY
[11:50] {Threei} locked
[11:52] {RonS} mnst halt on coke rumor...
[11:53] {Les} SLW
[11:55] {dino} just say "no to drugs" ron
[11:57] {Threei} lol
[12:03] {andj} almost stopped out..
[12:15] {Les} stopped. bottle is looking more interesting than this...
[12:22] {Les} 15 min MACD rolls up. Wouldn't be surprised by sudden thrust higher
[12:25] {dino} hum gap fill december
[12:25] {andj} out - .11
[12:28] {cipher} +.28 hum thx andj
[12:29] {cipher} meant to say dino
[12:29] {andj} is tyc ready for a short?
[12:29] {andj} right
[12:30] {Threei} chart is right
[12:30] {Threei} whether it works, well... you see how they work today
[12:30] {dino} gj cipher
[12:31] {Les} slw break
[12:31] {andj} yea...not so well for me
[12:52] {Threei} Long Setup: TNA .25 break
[12:53] {Threei} If holds .15
[12:54] {Threei} target .45
[13:00] {Threei} invalidated but on watch
[13:03] {Threei} Long Setup: TNA .20 break
[13:03] {Threei} If holds .10
[13:05] {Threei} invalidated
[13:16] {andj} les pm please
[13:27] {Threei} Short Setup: FCX .35 break
[13:36] {Threei} give me panic
[13:36] {Threei} lose that .60, SPY
[13:40] {Les} tighten stop to .41?
[13:41] {Threei} .42
[13:41] {Les} k
[13:50] {Threei} I need a pillow
[13:51] {Threei} I keep hitting desk with my chin
[13:54] {dino} ditto
[13:54] {Threei} have we mised the memo of August happening in April this year?
[14:01] {Threei} LOL:
[14:01] {Threei} Most lucrative autopsy ever? Madoff trustee has rung up $550 million in bills so far
[14:02] {dino} wow
[14:06] {Threei} disbursed only $330 million
[14:07] {Threei} I want that job
[14:07] {Les} thieves investigating thieves
[14:10] {dino} pretty much
[14:11] {Threei} hrd to believe how much time it takes for such a normally volatilie stock to move 10 cents
[14:18] {Threei} sigh
[14:18] {Threei} let me out of this planet
[14:18] {Threei} I don't like it today
[14:19] {dino} mind numbing
[14:26] {dino} chkp sm l .00
[14:31] {Threei} amazes me how many stocks are near the highr while SPY scraps the low
[14:33] {dino} ten blood
[14:33] {dino} chkp stop-.11
[14:37] {Threei} what do you know
[14:38] {Threei} that .60 break and ensuing panic is finally here
[14:38] {Threei} and I'll be darned if I saw how to utilize it
[14:54] {Threei} even panic is very sleepy, lol
[14:55] {Les} DE dbi?
[14:55] {Les} sleepy dbi
[14:55] {Threei} comatose
[14:55] {Threei} a bit too narrow...
[14:55] {nemo} no volume to read, sheesh
[14:56] {Threei} if we couldn't get 10 cents out of FCX with its range...
[14:59] {dino} ten sm l .85
[15:08] {dino} out ten .00, +.15
[15:09] {Threei} didn't expect such dead day... to me, this week looked like a goo time for fireworks
[15:09] {Threei} good
[15:09] {Threei} still does
[15:10] {Les} I've noticed that it is often a prelude to fireworks, such dead days
[15:10] {Threei} yup
[15:10] {Threei} probably just taking a breath... you know, like closing your eyes for a sec before that jump from the plane
[15:11] {dino} hitk drop
[15:20] {RonS} fcx ???
[15:20] {RonS} fat finger? flash crash?
[15:20] {Les} HFT
[15:22] {Threei} ?
[15:22] {Les} ?
[15:22] {Threei} what are you guys talking about?
[15:23] {Les} I'm just feeding off the sporadic communications so I don't fall asleep
[15:23] {Threei} I don't see anything out of the ordinary
[15:24] {Les} I think Ron is being facetious
[15:26] {RonS} show a tick to 37.37 at 3:19...fcx
[15:27] {Threei} not on my quotes
[15:27] {Threei} 3 cents candle
[15:53] {Threei} OK guys, that was disappointing day
[15:53] {Threei} tomorrow will be better
[15:54] {Threei} thank you all, have a good evening, see you tomorrow
[15:56] {dptl} gn all
Session Time: Mon Apr 30 00:00:00 2012
06[08:56] * Les slaps nemo around a bit with a large trout
06[08:57] * Les slaps Vad around with a mug of coffee
[08:57] {Les} morning
[08:57] {Threei} ummmhh
[08:57] {Les} ah so you are alive
[08:58] {Les} thought those pork ribs would be the death of you
[08:58] {Threei} why would they
[08:58] {Les} because they pack the energy equivelent of an atomic bomb
[08:59] {Threei} very healthy food
[09:04] {dptl} gm
[09:04] {Threei} dp :)
[09:13] {scottie} gm
[09:17] {Threei} scottie :)
[09:19] {dino} gm
[09:20] {RonS} gm
[09:22] {Threei} dino, ron :)
[09:27] {Threei} looks like short is in order as opening play
[09:29] {Threei} giving a min or two for spreads to tighten
[09:29] {Threei} SLW .85 break if it waits for us
[09:29] {Threei} yeah right
[09:30] {Threei} and FCX, hopefully 38 break
[09:30] {Threei} Short Setup: FCX 38 break
[09:31] {Threei} another yeah right
[09:31] {Threei} Short Setup: SLW .85 break
[09:32] {Threei} If holds UNDER .95
[09:32] {Threei} change to .90 break
[09:34] {Les} missed tza
[09:34] {Threei} .96 stop
[09:36] {dino} out wdc from friday afternoon buy, +1.14
[09:36] {Threei} Short Setup: FCX .85 break
[09:36] {Threei} wtg
[09:36] {dino} ty
[09:36] {Threei} out SLW
[09:36] {Threei} FCX is two sided
[09:37] {Threei} .95 break long
[09:37] {Threei} SLW rinse
[09:40] {Threei} trail FCX to .91
[09:43] {Threei} out
[09:44] {Threei} *(US) APR CHICAGO PURCHASING MANAGER: 56.2 V 60.0E
[09:47] {Threei} Long Setup: GLD .80 break hl
[09:47] {Threei} If holds .70
[09:48] {Threei} target 1:3
[09:49] {Threei} Long Setup: TNA .50 break
[09:49] {Threei} If holds .40
[09:49] {Threei} change to .40 break
[09:50] {Threei} target .70
[09:50] {Threei} stop under .30
[09:50] {cipher} aapl l. 592.22
[09:50] {nemo} .60 level next support on IWM
[09:50] {cipher} out aapl 593.39
[09:53] {Threei} come on SPY, double botom time
[09:54] {Threei} nope
[09:54] {Threei} things don't work
[09:55] {Les} I had the first break at :49, but poor money management. Didn't take any off the table
[09:56] {nemo} no multi level support until .40 area for spy, price breakout .50
[09:56] {nemo} almost there for IWM
[09:58] {nemo} ok...deficate or get off the pot time for IWM here
[09:59] {Threei} Long Setup: TNA .10 break
[09:59] {Threei} valid again
[09:59] {Threei} first time was way too quick
[10:00] {Threei} If holds 59
[10:01] {dino} 07 fast red
[10:02] {Threei} last shake probably
[10:02] {Threei} gotta start bouncing for real now
[10:02] {nemo} spy acting well
[10:02] {Threei} target 1:3
[10:03] {nemo} mid 90's pivot and vwap
[10:03] {Threei} 1:1
[10:03] {nemo} vwap spy .mid 90s
[10:03] {Threei} 1:2
[10:04] {Threei} 1:3, out
[10:05] {dino} gj
[10:05] {Threei} ty... needed that
[10:05] {Threei} need couple more of such, lol
[10:06] {nemo} interesting to note: bounce was off IWM levels, not spy, likely means we're still risk-on
[10:06] {nemo} http://www.freestockcharts.com?emailChartID=265fa85f-81bb-42f6-98f9-6f58679ae993
[10:07] {Les} yeh noticed that. Was worried SPY would tear TNA anew one
[10:08] {scottie} Tried my first partialling out vad
[10:09] {Threei} worked?
[10:09] {scottie} half at +10 other half at +20 ty
[10:09] {Threei} :)
[10:11] {Les} shakeout in TNA here?
[10:11] {Les} nope
[10:12] {Threei} tough read on TNA
[10:12] {Threei} not sure
[10:12] {Les} lvs
[10:12] {Les} .90 break interest you?
[10:13] {Threei} not much
[10:13] {Threei} Long Setup: SLW .70 break
[10:13] {Threei} If holds .60
[10:14] {Threei} can't tell between a scalp only or more... your discretion
[10:14] {Threei} 1:1
[10:15] {dino} wcrx spike
[10:16] {Threei} 1:2, out
[10:16] {Les} all out
[10:16] {Les} yep
[10:16] {Threei} still in red but srting dminishes significantly
[10:16] {dino} crox sm l .00
[10:16] {Threei} sting too
[10:17] {Les} yeh, was gonna say one more for the road
[10:18] {nemo} what a perfect 2nd setup on tna and spy held the 10 min
[10:26] {Les} SLW .90 break?
[10:26] {Les} or better to wait the 30 break?
[10:26] {Threei} can't tell
[10:27] {Threei} SPY is unclear
[10:30] {Threei} *(US) APR DALLAS FED MANUFACTURING ACTIVITY: -3.4 V 8.0E
[10:30] {Threei} woow
[10:30] {Les} that's a slowdown
[10:30] {Threei} how's that recovery going
[10:30] {nemo} tza time
[10:31] {Les} daily shows resistance for TZA around .20
[10:32] {Les} .10
[10:32] {Les} here
[10:33] {Les} dunno what sort of support that is for the indexes Nemo? strong stuff?
[10:34] {dino} sbux sm l .05
[10:34] {Threei} Long Setup: TZA .05 break
[10:35] {Threei} If holds 18 scalpers .95 daytraders
[10:43] {scottie} target on TZA?
[10:44] {dino} mdrx
[10:44] {Threei} doesn't work
[10:44] {Threei} out
[10:44] {Threei} listless day
[10:47] {Threei} unreadable up and down with no rhyme or rhythm
[10:48] {Threei} if you held with stop under .95, exit as you see fit, I have no read here
[10:50] {Les} yeh Euro banks are all chop today
[10:51] {dino} mdrx sm l .70
[10:51] {Threei} with next weekend being quite critical point for EU, no wonder
[10:52] {dino} it's always a critical point for eu
[10:52] {andj} Hey all
[10:52] {Threei} hehe
[10:52] {Threei} hi andj
[10:53] {andj} Any luck so far?
[10:53] {Threei} well, two elections... and both don't look good for EU conhesiveness
[10:54] {andj} And that shakes people out of the market right?
[10:54] {Threei} I think we will see plenty of fear this week
[10:55] {Les} make it readable fear, cause this is just rude...
[10:55] {andj} What do you think about esrx short?
[10:55] {Threei} .60 break was good setup
[10:56] {Threei} here. I'd need either bounce or consolidation
[10:56] {andj} OK
[10:57] {andj} What about JPM .80 break short? or is it two sided?
[10:58] {Threei} short looks better to me
[10:58] {Threei} actually, aggressive entry
[10:58] {Threei} ,90 break
[10:58] {Threei} with .96 stop
[10:59] {Threei} Short Setup: JPM .90 break
[10:59] {Threei} If holds .95
[11:00] {Threei} Invalidated
[11:00] {Les} slw again vad. .90 break?
[11:01] {andj} oh well...
[11:01] {Threei} I'd rather try it long on pullback to about .80 than breakout
[11:02] {Threei} breakouts don't really work today
[11:02] {dino} wcrx sm s .99
[11:04] {Threei} get SLW on first strength
[11:04] {Les} vwap .77 slw
[11:04] {Threei} try to unload first partial near .90, hold the rst for the break
[11:05] {Threei} .75 stop
[11:05] {dino} wcrs cov/satop -.08
[11:05] {andj} so enter slw at .80?
[11:06] {Threei} I took .82
[11:07] {cipher} cat l .82
[11:12] {Threei} gutsy move cipher... but seems to start working
[11:12] {dino} out mdrx .00, +.30
[11:12] {dino} crox to .10
[11:12] {Threei} nice
[11:13] {dino} ty
[11:14] {cipher} out cat .80 -.02
[11:14] {dino} sbux to .30
[11:14] {Les} half at .88
[11:14] {dino} out sbux +.25
[11:15] {Threei} stop to .79 SLW
[11:15] {andj} do you have some rule about when to move a stop up?
[11:17] {Threei} of course... when 1:1 is reached
[11:17] {andj} even if the price pulls back?
[11:18] {Threei} after hitting 1:1?
[11:19] {andj} well slw pulled back just before 1:1...just asking
[11:19] {Threei} why before... it hit .89, right?
[11:19] {Threei} that's 1:1 for .82 entry with .75 stop
[11:20] {andj} ohhhh right...
[11:20] {Threei} plus, it held .80 on every pyllback, making it strong support
[11:20] {Threei} so, trail is certainly in order
[11:20] {Threei} and we planned to sell half near .90 from the get-go
[11:20] {dino} cpts spike
[11:20] {Les} call me a premature evacuator @.88 (first out the door;)
[11:21] {andj} I forgot about the smaller stop.
[11:25] {dino} out crox .20. +.20
[11:25] {Threei} scalpers win
[11:26] {dino} back in 10
[11:28] {andj} Vad would you mind taking a look at MAN...
[11:28] {Threei} if you insist... but I am as straight as they come
[11:29] {andj} I was afraid to ask...
[11:29] {Threei} breakdown candidate
[11:29] {andj} Just glad Nemo's not here...
[11:29] {Threei} lol
[11:29] {andj} right...is the better entrance .60 or is .55 good enough'
[11:30] {Threei} I would try .60 break, half lot
[11:30] {Threei} and if SPY looks good and it continues down, add half lot on .55 break
[11:30] {andj} going for .10?
[11:31] {Threei} with market help it could do much better
[11:31] {Threei} look at daily
[11:31] {Threei} nothing but air under this support
[11:31] {andj} it looks right on the edge...
[11:31] {Threei} yup
[11:34] {andj} got in at .59
[11:34] {Threei} for this first half keep .70 stop for now
[11:34] {Threei} if second prt triggers we will trail it from there
[11:36] {andj} ok
[11:38] {Threei} if breaks .55 from here, take second half and move a stop for the whole thing to .66
[11:38] {andj} market´s dropping a little
[11:42] {scottie} Gotta go now, thanks all, see you tomorrow
[11:42] {Les} cheers
[11:42] {Threei} take care scottie
[11:42] {Threei} if SPY loses .60, we are likely to see a nice juicy panic
[11:43] {andj} that would be nice
[11:50] {andj} sooooo slooooooow
[11:50] {dino} things seem slow today
[11:50] {Threei} well, look at SPY
[11:50] {Threei} locked
[11:52] {RonS} mnst halt on coke rumor...
[11:53] {Les} SLW
[11:55] {dino} just say "no to drugs" ron
[11:57] {Threei} lol
[12:03] {andj} almost stopped out..
[12:15] {Les} stopped. bottle is looking more interesting than this...
[12:22] {Les} 15 min MACD rolls up. Wouldn't be surprised by sudden thrust higher
[12:25] {dino} hum gap fill december
[12:25] {andj} out - .11
[12:28] {cipher} +.28 hum thx andj
[12:29] {cipher} meant to say dino
[12:29] {andj} is tyc ready for a short?
[12:29] {andj} right
[12:30] {Threei} chart is right
[12:30] {Threei} whether it works, well... you see how they work today
[12:30] {dino} gj cipher
[12:31] {Les} slw break
[12:31] {andj} yea...not so well for me
[12:52] {Threei} Long Setup: TNA .25 break
[12:53] {Threei} If holds .15
[12:54] {Threei} target .45
[13:00] {Threei} invalidated but on watch
[13:03] {Threei} Long Setup: TNA .20 break
[13:03] {Threei} If holds .10
[13:05] {Threei} invalidated
[13:16] {andj} les pm please
[13:27] {Threei} Short Setup: FCX .35 break
[13:36] {Threei} give me panic
[13:36] {Threei} lose that .60, SPY
[13:40] {Les} tighten stop to .41?
[13:41] {Threei} .42
[13:41] {Les} k
[13:50] {Threei} I need a pillow
[13:51] {Threei} I keep hitting desk with my chin
[13:54] {dino} ditto
[13:54] {Threei} have we mised the memo of August happening in April this year?
[14:01] {Threei} LOL:
[14:01] {Threei} Most lucrative autopsy ever? Madoff trustee has rung up $550 million in bills so far
[14:02] {dino} wow
[14:06] {Threei} disbursed only $330 million
[14:07] {Threei} I want that job
[14:07] {Les} thieves investigating thieves
[14:10] {dino} pretty much
[14:11] {Threei} hrd to believe how much time it takes for such a normally volatilie stock to move 10 cents
[14:18] {Threei} sigh
[14:18] {Threei} let me out of this planet
[14:18] {Threei} I don't like it today
[14:19] {dino} mind numbing
[14:26] {dino} chkp sm l .00
[14:31] {Threei} amazes me how many stocks are near the highr while SPY scraps the low
[14:33] {dino} ten blood
[14:33] {dino} chkp stop-.11
[14:37] {Threei} what do you know
[14:38] {Threei} that .60 break and ensuing panic is finally here
[14:38] {Threei} and I'll be darned if I saw how to utilize it
[14:54] {Threei} even panic is very sleepy, lol
[14:55] {Les} DE dbi?
[14:55] {Les} sleepy dbi
[14:55] {Threei} comatose
[14:55] {Threei} a bit too narrow...
[14:55] {nemo} no volume to read, sheesh
[14:56] {Threei} if we couldn't get 10 cents out of FCX with its range...
[14:59] {dino} ten sm l .85
[15:08] {dino} out ten .00, +.15
[15:09] {Threei} didn't expect such dead day... to me, this week looked like a goo time for fireworks
[15:09] {Threei} good
[15:09] {Threei} still does
[15:10] {Les} I've noticed that it is often a prelude to fireworks, such dead days
[15:10] {Threei} yup
[15:10] {Threei} probably just taking a breath... you know, like closing your eyes for a sec before that jump from the plane
[15:11] {dino} hitk drop
[15:20] {RonS} fcx ???
[15:20] {RonS} fat finger? flash crash?
[15:20] {Les} HFT
[15:22] {Threei} ?
[15:22] {Les} ?
[15:22] {Threei} what are you guys talking about?
[15:23] {Les} I'm just feeding off the sporadic communications so I don't fall asleep
[15:23] {Threei} I don't see anything out of the ordinary
[15:24] {Les} I think Ron is being facetious
[15:26] {RonS} show a tick to 37.37 at 3:19...fcx
[15:27] {Threei} not on my quotes
[15:27] {Threei} 3 cents candle
[15:53] {Threei} OK guys, that was disappointing day
[15:53] {Threei} tomorrow will be better
[15:54] {Threei} thank you all, have a good evening, see you tomorrow
[15:56] {dptl} gn all
Sunday, April 29, 2012
Nemo's Findings for 4/29
(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html
Here are the levels, but the monthly's will be changing tomorrow, be careful tomorrow:
I wanted to post how last week respected the levels, but I forgot to make images. Sorry alot going on outside of trading. I'll try to remember next week. BTW...I think we continue upwards.
Here's the original post
http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html
Here are the levels, but the monthly's will be changing tomorrow, be careful tomorrow:
I wanted to post how last week respected the levels, but I forgot to make images. Sorry alot going on outside of trading. I'll try to remember next week. BTW...I think we continue upwards.
Here's the original post
http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html
Friday, April 27, 2012
Market Week Wrap-up
- Political turbulence in Europe, some troubling data and dimmer prospects for QE3 all failed to suppress robustly positive tone in markets this week, helping global equity indices make steady gains. Sentiment was shaky early on thanks to various political factions opposed to further austerity in Europe. In the first round of the French presidential elections, Socialist candidate and austerity skeptic Franois Hollande beat Nicolas Sarkozy by a narrow margin. In the Netherlands, a far-right party that was part of the governing coalition refused to sign off on deeper budget cuts and withdrew from the government, undercutting the position of conservative PM Rutte. A coalition of left and centrist parties came to his aid, but not before investor confidence in one of the last European AAA-rated nations was shaken. In Germany, the April manufacturing PMI was very weak, while outside the euro zone the Czech Republic saw huge anti-austerity protests against the government. In Spain, unemployment hit 24.4%, levels last seen in the early 1990s, and S&P cut the nation's sovereign ratings by two notches to BBB+. The FOMC decision on Wednesday appeared to further reduce the chances of QE3 after the Fed modestly increased its GDP and employment forecasts. Initial US weekly jobless claims jumped a bit higher again, generating cautious words from analysts worried about next Friday's payrolls data. But even with all these troubling events, plus an advance US Q1 GDP reading that missed expectations, equities floated higher all week long. Apple and Amazon turned in incredible results, however beyond that, there were plenty of misses and signs of strain among DJIA and S&P500 components. For the week the DJIA gained 1.5%, the S&P500 rose 1.8%, while the Nasdaq increased 2.3%.
- In the consumer sector, the biggest story of the week was the New York Times allegations of widespread bribery at Walmart's Mexico unit in the mid part of the last decade. Both the company and the DoJ are investigating the claims, and shares of WMT fell as much as 8% on the week at one point. On Monday Kellogg cut its FY12 revenue guidance due to weak growth in certain US segments and softness in Europe, although in its earnings release on Thursday the firm's Q1 results were better than expected despite the evident slowing in overall performance. Colgate-Palmolive met expectations in its Q1, and both Kellogg and Colgate indicated that the worst of the higher cost/higher price cycle was over. Starbucks met expectations and raised its FY12 revenue outlook. However investors sold the name on concerns about profits, as the firm's Q3 and Q4 EPS outlook was subpar. Pepsi was slightly ahead of consensus estimates, although the firm repeated that its core earnings would fall in FY12. Otherwise, Pepsi continues to see solid revenue growth in major markets. UPS slightly missed bottom-line expectations on Thursday, helping to pull down the Dow Transports on an otherwise up day.
- Unsurprisingly, tech news was dominated by Apple this week. Shares of the company had fallen more than 8% in the weeks running up to earnings, however on Wednesday the firm astonished investors by reporting profits that were more than 20% above consensus, on sales of 35M iPhones (which was at the high end expectations). Shares of Apple retook the 8% lost over the month after earnings, popping back above the $600 handle. Shares of AT&T and Sprint both gained ground this week regardless of their headline results. With AT&T, investors were excited about lower iPhone activations (totaling 4.3M v 7.6M q/q), reasoning that fewer phones equals less payouts in subsidies, aiding margins. Sprint's quarterly losses were lower than expected, although commentators were most hopeful about the sustained recovery in the firm's net new customer growth and higher wireless APRU levels. Traders disregarded Netflix's better headline figures and decent guidance and punished the stock for the firm's outlook for slowing net customer growth. Amazon.com shares gained over 15% on Friday after reporting blow out earnings, touting the continued success of its Kindle franchise.
- Oil majors Exxon and ConocoPhillips missed earnings estimates thanks to lower production and lower income, despite the elevated crude prices seen throughout the quarter. Chevron missed revenue targets by a wide margin but profits held up well, growing 4% y/y, helping the company meet EPS expectations. Like rivals Exxon and Conoco, the firm saw lower production, but its margins held up better. Dow Chemical had a terrible Q1, thanks in part to what it called "recessionary conditions" in Europe.
- MetLife's operating earnings were in line with expectations, however the firm saw a significant $2B loss when taking into account a big loss on derivatives used for hedging. Recall that MetLife was the biggest US SIFI to fail the Fed's stress tests earlier this year.
- Caterpillar's profits grew more than expected in Q1, although its revenue totals fell short of expectations and its FY12 guidance increase was barely enough to meet the consensus view. Ford's Q1 headline numbers were better than expected, although softness in Europe continues to hurt the firm, as net profits were lower on a y/y basis. Executives said that Ford's profit would be slightly better in the second half of the year thanks to more product releases. Defense names Northrop Grumman, Lockheed Martin and Raytheon all crushed expectations in quarterly reports, but gains in shares of the three were limited as investors pondered the reality of defense funding in the years to come.
- As traders returned to their desks on Monday, EUR/USD was under pressure as the Dutch government teetered and Hollande savored his victory in the first round of the French presidential contest. However, despite the negative sentiment the pair turned around just above 1.3100, and headed higher throughout the rest of the week. Strength in the pair puzzled dealers given the political uncertainty in Europe and stubbornly high peripheral bond yields. The euro even weathered the two-notch sovereign downgrade of Spain and Spanish unemployment data for Q1 that was near the record level seen in 1994. By Friday, EUR/USD was around 1.3267, at four-week highs in a search for buy-stops. In the UK, GBP/USD maintained a firmer tone all week, hitting fresh six-month highs above 1.6250 despite the fact that the UK slipped back into technical recession with a negative Q1 advance GDP print.
- Japanese Yen trading centered on the BoJ rate decision, as softer inflation and the stronger yen seen over the course of the past six weeks spurred expectations of more policy easing on Friday. Indeed, the yen softened by mid-week on reports that the asset buying scheme would be expanded by at least ¥5T and as much as ¥10T. Bank of Japan succumbed to market pressure with an expanded ¥10T JGB facility and also extended the JGB term maturity from two to three years in an effort to lower short-term borrowing rates. However, the BoJ also reduced its fixed-rate fund-supplying operation by ¥5T for a net program increase of ¥5T, disappointing some of the more dovish views. In the wake of the choppy post-BOJ action, the yen hit one-week highs against the dollar, further supported by BoJ Gov Shirakawa commenting that the central bank would not be able to ease policy every month. Going into the weekend, USD/JPY was hovering above its the pivotal support at ¥80.30, corresponding to the former high that followed Bank of Japan's Aug 2011 solo intervention.
- In Asia, China's flash HSBC manufacturing PMI on Monday saw a modest uptick from last month's disappointing 48.3 to a slightly less dire 49.1 print. Despite the improvement, HSBC's measure of production continued to suggest contraction for the 6th consecutive month - a stark contrast to the official state manufacturing data on tap for next Tuesday expected to remain in modest expansion. Australia's quarterly CPI and PPI data confirmed central bank expectations that inflation is confined to its target range, cementing the case for a rate cut next week. First quarter CPI rose just 0.1% q/q and a paltry 1.6% y/y, the slowest annual increase since Q3 of 2009. AUD tumbled on the news, hitting 5-month lows against GBP and CAD, as fixed income market expectations for the RBA meeting on Tuesday priced in a 25bp move entirely with a near-30% chance of a 50bp cut. Over in New Zealand, RBNZ policy decision also introduced a remarkably more dovish tone. Governor Bollard noted that while inflation was restrained and commodity prices have retreated, the Kiwi dollar remains stubbornly strong, potentially requiring a "reassessment of policy" down the line.
Apr 27 2012
Very inactive but profitable day. Ending the week with 5 winning days, can't complain about some boredom on Friday.
Session Time: Fri Apr 27 00:00:00 2012
[08:40] {Les} morning
[08:41] {Les} US GDP comes in under consensus Annualised Q1 is 2.2%, less than the 2.5% expected
[08:46] {Threei} morning les
[08:47] {Les} had yer coffee yet?
[08:47] {Threei} no
[08:47] {Les} ugh
[08:55] {Threei} market became totally used to European countries downgrades eh
[08:55] {Threei} ignored Spain 2 nothces drop
[09:06] {dptl} gm
[09:07] {Threei} dp :)
[09:08] {scottie} gm
[09:08] {Threei} scottie :)
[09:08] {cipher} morning
[09:08] {Threei} cipher :)
[09:09] {Threei} left too early yesterday scottie... we had spectacular day
[09:09] {scottie} saw that in the trading log
[09:09] {scottie} great day vad
[09:27] {scottie} .
[09:28] {Threei} no clear first trade
[09:28] {Threei} watching
[09:31] {Threei} Long Setup: FCX .10 break hl
[09:31] {Threei} If holds 38
[09:32] {Les} half pivot is .89
[09:32] {Threei} change to .05
[09:32] {Threei} if holds .95
[09:33] {Threei} 38 itself was even better idea
[09:33] {Threei} feel free to exit if got it
[09:34] {Threei} Short Setup: SLW .35 break
[09:34] {Threei} If holds .45
[09:37] {Les} TZA long below 18?
[09:37] {Threei} Invalidated
[09:38] {Threei} not sure
[09:41] {Threei} Long Setup: LVS .65 break
[09:41] {Les} half lot long tza .06
[09:42] {Threei} change to .55
[09:42] {Threei} hl
[09:42] {Threei} stop under .50
[09:42] {Threei} half out
[09:43] {Threei} .54 stop
[09:44] {Threei} out
[09:44] {Les} 2nd entry?
[09:44] {Threei} no
[09:45] {Les} half out tza .15
[09:45] {Threei} good one
[09:45] {thomcbell} short setup swi 46.99 break if holding 47.20
[09:46] {thomcbell} target 1:4
[09:46] {Threei} wow
[09:46] {Threei} http://m.theglobeandmail.com/news/world/27-injured-in-4-blasts-in-ukrainian-city/article2415602/?service=mobile
[09:46] {Threei} this is practically my city
[09:47] {Les} what? you mean you control it?
[09:47] {Les} another quarter at .20 .22 is pivot
[09:47] {Threei} lived in one 40 km from it, spent my univercity years there
[09:48] {Les} .30 I am out
[09:49] {dino} crox l .97
[09:49] {Threei} wtg
[09:49] {Les} ty
[09:49] {Les} big fat bearish MACD divergences on my screen
[09:52] {dino} wdc sm l .00
[09:55] {Threei} *(US) APR FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 76.4 V 75.7E
[09:57] {thomcbell} out swi
[09:57] {Les} sweet setup dino
[09:58] {Les} out wdc +.37 ty
[09:58] {dino} out wdc .70, +.70
[09:59] {dino} out crox .11, +.14
[09:59] {Threei} beautiful
[09:59] {dino} ty
[09:59] {Les} wow it went straight back to the opening price
[10:02] {Les} TZA good in all time frames
[10:03] {Les} SLW db?
[10:03] {Threei} no
[10:03] {Threei} doesn't look right
[10:03] {Les} ok
[10:04] {Les} RIG db?
[10:05] {Threei} nope
[10:05] {Threei} Short Setup: SLW .20 break
[10:05] {Threei} If holds .25
[10:06] {Threei} half out
[10:06] {Les} pivot is .06
[10:06] {Threei} stop to .21
[10:13] {Les} tighten up stop for potential db?
[10:13] {Threei} .16
[10:14] {Threei} if loses .05, move to .11
[10:15] {Les} awww yeh
[10:17] {Les} .01 offer swept up
[10:17] {Threei} out
[10:17] {thomcbell} duh swi
[10:17] {Threei} maybe too tight but no clear read here
[10:18] {Les} I've got near 3 min positive crossover. I wanted to tighten up
[10:20] {Les} another good mornings work. gonna clean up before the missus comes home
[10:20] {dino} gj les
[10:20] {dino} sm l chkp .90
[10:22] {dino} arsd drop
[10:22] {Les} ty. cheers
[10:36] {nemo} stopped in to say "Hi"
[10:37] {Threei} hi
[10:37] {scottie} hi, nemo
[10:45] {dino} mdrx sm l .19
[10:49] {Threei} Long Setup: TZA .05 break
[10:49] {dino} mxwl drop
[10:49] {Threei} If holds 18
[10:52] {Threei} no go
[11:02] {dino} chkp to b/e
[11:02] {Threei} Long Setup: TZA .18 break
[11:02] {Threei} If holds .95
[11:04] {Threei} target .15 - .20
[11:05] {dino} chkp to .99
[11:12] {Threei} misreading the direction
[11:17] {dino} chkp to .07, slow motion trade
[11:18] {Threei} this seems to be the only type of motion around today, lol
[11:20] {dino} mdrx to flat, not liking it
[11:24] {dino} mdrx out flat
[11:24] {dino} chkp to .12
[11:29] {dino} to .19
[11:31] {dino} out chkp .20, +.30
[11:35] {dino} uri spike
[11:50] {Threei} market took vacation today
[11:51] {scottie} yawn
[12:08] {dino} zzzzzzzzzzz
[12:08] {Threei} Long Setup: TNA 60 brea hl
[12:09] {Threei} If holds .85
[12:11] {Threei} Invalidated
[12:29] {Threei} wow... not every Fri in August is this boring
[12:34] {Threei} NYSE volume 255M shares, about 11% below its three-month average
[12:34] {Threei} no kidding
[12:35] {Threei} Yandex Hearing Morgan Stanley raises price target to $35 from $34
[12:35] {Threei} value added
[12:35] {dino} sbux lod
[12:35] {Threei} try 35.20. Stanley
[12:35] {dino} opps, wrong
[12:36] {dino} stays like this much longer, i'm calling it a day
[12:36] {Threei} Short Setup: RIG .95
[12:37] {Threei} stop .03
[12:39] {Threei} half out .86
[12:40] {Threei} stop .06
[12:41] {Threei} .96, sorry
[12:47] {dino} vvus spike
[12:47] {Threei} out RIG .76
[12:47] {Threei} +.19
[12:47] {Threei} whew
[12:47] {Threei} finally got something worthy
[12:47] {RonS} VVUS Avanafil Approval
[12:48] {Threei} VIVUS, Inc Ticking higher; note the FDA is due to complete its review of Avanafil NDA on or before Sunday, April 29th
[12:48] {Threei} looks like specu;ation on approval
[12:48] {Threei} anyone got RIG?
[12:49] {dino} no
[12:49] {dino} vvus giving it all back
[12:49] {Threei} come on... took hours to dig out this little pearl in the rough, and everyone ignored it
[12:50] {Threei} {--- going to monastery
[12:50] {Threei} VIVUS, Inc Ticking higher; FDA site discloses approval for Avanafil (Stendra) in treatment of erectile dysfunction
[12:51] {Threei} story changes by minute
[12:51] {scottie} no, was away for a minute.
[12:51] {scottie} tough luck
[12:51] {Threei} ugh
[12:52] {dino} wdc sm l .00
[12:52] {dino} kors spike
[12:55] {Threei} OK guys, doctor's appointment... will be back as soon as I can
[12:57] {dino} kors sm s .49
[12:57] {dino} gj 3i
[13:00] {dino} kors stop -.33
[13:10] {dino} kors sm s .8
[13:27] {dino} stopped, done w/it
[14:23] {dino} fmcn spike
[14:37] {Threei} back
[14:37] {Threei} if anyone cares
[14:37] {scottie} hi vad
[14:38] {Threei} hi
[14:38] {Threei} not much happens I see
[14:38] {scottie} when the cat is away...
[14:39] {Threei} lol
[14:43] {dino} how's that 3i, ok?
[14:44] {dino} eye
[14:45] {Threei} yes, thank you
[14:45] {dino} good to hear
[14:53] {dino} that wdc is something else. destroys estimates and raises guidance. then drops over $6. what would happen if it missed?
[14:54] {RonS} go up?
[14:54] {dino} roflol
[14:54] {dino} i am going to re-load some and hold until monday
[14:55] {dino} reminds me of qcor the other day
[14:56] {Threei} VVUS is hatled finally
[14:56] {Threei} someone is going to get hurt badly
[14:57] {dino} approves drug
[15:01] {dptl} cnc
[15:01] {dptl} .60 long?
[15:02] {Threei} I'd feel much safer with pullback under .50 and entey on a break
[15:02] {dptl} k
[15:08] {dptl} +.20 out
[15:09] {dptl} ty
[15:09] {Threei} worked like charm eh
[15:10] {dptl} yep, small sh jumpy little thing
[15:11] {dptl} it will go more but... friday you know :)
[15:19] {scottie} have a nice weekend
[15:19] {scottie} see you monday
[15:19] {Threei} ok guysm let's call it a week
[15:20] {Threei} have a great weekend, see you Monday
[15:20] {Threei} it was great week
[15:20] {Threei} we deserved good rest
[15:20] {dptl} ty gn all
[15:23] {Les} eveyone is gone?
[15:23] {dptl} almost
[15:23] {Les} Vad, flicking through the charts
[15:23] {Les} TZA
[15:23] {Les} .50 is s2
[15:24] {Les} db with .55 trigger?
[15:24] {Les} or we up into close?
[15:25] {Les} l .55 stop under .50 TZA
[15:26] {Threei} everyone went home les
[15:26] {dptl} drink time
[15:26] {Les} been there done that
[15:27] {Les} just veging out in front of the computer. saw the indexes
[15:27] {Les} might have to wait for monday for these bearish divergences I'm seeing to play out
[15:32] {Les} how was the day?
[15:35] {Threei} very inactive bot profitable
[15:35] {Threei} two small stops
[15:36] {Threei} got 20 cents on RIG short
[15:36] {Threei} dp caught beautiful CNC long
[15:37] {Les} http://www.spiegel.de/fotostrecke/fotostrecke-81685-2.html
[15:37] {Les} not looking so regal now, is Tymoshenko
[15:39] {Les} half out .58
[15:41] {Les} no panicking on a friday arvo. interesting
[15:45] {Threei} still time to panic
[15:53] {Threei} there you go
[15:54] {Les} .65 or bust
[15:55] {Les} out flat last part. market holding on.
[15:55] {Les} ok. c u monday
[15:55] {Threei} take care
[15:55] {Les} cheers. enjoy your afternoon.
[15:56] {Les} wish I was finishing work at 1
Thursday, April 26, 2012
Apr 26 2012
One of those days when you are not just a windshield, you are THE windshield. 9 calls, 9 wins - that alone would be enough to brag, but it gets better - quite a few of them were with 5-6 cents risk for 20-30 cents reward. Considering that such stop allows for increased position size, do the math...
One trade had particularly interesting thought process behind it. Pull the FCX 1 min, zoom in on 9:55 and read the call at that time and explanations at 10:05 - 10:10.
Session Time: Thu Apr 26 00:00:00 2012
[08:55] {Les} sorry for party rocking
[08:57] {Les} obviously there is no one in this room under the age of 50
[08:57] {Threei} is it bad?
[08:58] {Les} naah I can play ball with that
[08:58] {Les} just trying to be hip and cool, quoting music from my 9 year old
[08:59] {Threei} "cool"? don't they spell it as "kewl" at that age?
[08:59] {Les} only if I put my foot in his mouth, for spelling cool like that
[09:00] {Threei} but it's not a matter of misspelling - it's just kewl to spell cool that way
[09:00] {Les} He might think it kewl but I have rewls - we speak the queen's english in this house
[09:06] {Les} Draghi causing some unpleasentness this morning. Asking politicians to do something... he forgotten how to turn on the printer?
[09:06] {Threei} not that easy in Europe...
[09:11] {scottie} good morning
[09:12] {Threei} scottie :)
[09:13] {dptl} gm
[09:16] {Threei} dp :)
[09:17] {ese} morning
[09:17] {Threei} ese :)
[09:18] {ese} won't be sticking around long today and probably won't be with you all tomorrow......Nashville here we come
[09:20] {Threei} have fun
[09:21] {ese} definitely.......
[09:32] {Threei} Long Setup: FCX .25 break
[09:32] {Threei} hl
[09:32] {Threei} If holds .15
[09:33] {Threei} 1:1
[09:34] {Threei} Long Setup: LVS 57.05 break hl
[09:34] {Threei} change to .80
[09:35] {Threei} If holds 65
[09:35] {Threei} 1:1
[09:35] {Threei} no time to blink on these plays
[09:35] {cipher} aapl l .85
[09:35] {Les} these spreads are awful
[09:36] {scottie} missed both
[09:36] {scottie} not fast enough
[09:36] {Les} fcx vad
[09:36] {Les} .30? long
[09:36] {Threei} LVS was very tough but FCX was obtainable
[09:36] {Les} got fcx
[09:37] {cipher} out aapl .35 +.50
[09:37] {Threei} Long Setup: FCX .10 break
[09:38] {Les} half pivot at 37
[09:38] {Threei} If holds .05
[09:38] {Threei} half out
[09:38] {Threei} .20
[09:38] {Threei} stop to .09
[09:40] {Threei} out
[09:40] {Threei} how about this one scottie?
[09:40] {Les} GDX crashing
[09:40] {Les} SLW 30 b/d?
[09:40] {scottie} missed it too
[09:41] {Threei} hah
[09:41] {Threei} what do you use for a broker?
[09:41] {nemo} GG missed
[09:41] {scottie} not fast enough this morning
[09:41] {Les} ah I see nemo
[09:41] {Threei} don't see any setup on SLW right now
[09:42] {thomcbell} gdx at pivot
[09:42] {thomcbell} slw way above
[09:42] {thomcbell} starting to look like a short setup
[09:42] {Threei} SLW looks rather long to me
[09:43] {thomcbell} two sided 29.97 break 30.14 break
[09:43] {Les} vwap .04 on slw
[09:43] {Threei} Long Setup: SLW .05 break
[09:43] {Threei} If holds .95
[09:44] {Les} partialed at .12 need to leave shortly
[09:45] {Threei} 1:1stop .99
[09:45] {Threei} umm
[09:45] {Threei} stop .99
[09:46] {Threei} 1:1 now
[09:46] {Threei} scottie... tell me you got this one
[09:47] {Les} I am out .19
[09:47] {scottie} got this one, out 1.1 .16, thanks vad
[09:47] {Threei} whew
[09:47] {Les} ty for the fishes vad
[09:47] {Threei} welcome
[09:47] {thomcbell} excellent vad
[09:47] {Les} c u's for closing
[09:47] {thomcbell} gdx nice bounce off pivot
[09:48] {Threei} that was the idea of the SLW play tbell
[09:48] {thomcbell} excellent
[09:48] {Threei} if GDX bounces off puvot, SLW with its relative strength should leadthe charge
[09:48] {Threei} 1:2, out
[09:48] {thomcbell} lvs wicked first 20 min
[09:53] {Threei} 77% Say Most Politicians Don�t Keep Campaign Promises
[09:53] {Threei} and 23% live on Saturn
[09:55] {Threei} Long Setup: FCX .30 break
[09:56] {Threei} change to .25 break
[09:56] {Threei} If holds .20
[09:57] {Threei} aim to sell half near .35
[09:57] {Threei} and hold part for .40 all-out break
[09:57] {nemo} home sales 3 min
[09:57] {Threei} they'll be good
[09:59] {Threei} first exit
[09:59] {Threei} stop to .24
[09:59] {Threei} *(US) MAR PENDING HOME SALES M/M: 4.1% V 1.0%E; Y/Y: % V 7.3%E
[09:59] {Threei} told you
[10:00] {Threei} Y/Y: 10.8% V 7.3%E
[10:00] {Threei} that's 5 for 5 this fine morning
[10:00] {scottie} ty vad
[10:01] {Threei} 1/4 more out FCX
[10:01] {Threei} welcome sir
[10:01] {Threei} but I am concerned about 3 you've missed... might want to look into faster broker
[10:01] {Threei} stop to .34
[10:02] {scottie} not broker's fault, inexperience
[10:02] {Threei} what do you use?
[10:02] {Threei} out in full .52
[10:02] {scottie} disnat
[10:02] {Threei} ok... that is slowr than day trading requires
[10:03] {Threei} rambler was using it, switched to Laser, couldn't believe the difference
[10:03] {scottie} will look into it, thanks
[10:03] {Threei} talk to cc_8, he will help you with demo
[10:04] {Threei} FCX, not too shabby for 6 cents risk
[10:04] {cc_8} hello, did someone summon me
[10:04] {nemo} what was the setup vad?
[10:04] {Threei} who rubbed that lamp?
[10:05] {Threei} this wass a work in progress nemo... look at the 1 min before 9:55 candle
[10:05] {cipher} meli l .89
[10:05] {Threei} see C&H forming?
[10:06] {Threei} with .40 trigger
[10:06] {Threei} that's when I started monitoring it, and even prepared a call .40 break
[10:06] {nemo} ahhh
[10:06] {Threei} then it lost .30,
[10:06] {Threei} and still eyeing that break I started looking for aggressive entry
[10:07] {Threei} it paused between .25 and .30, I alerted .30 break
[10:07] {Threei} it lost .25, I changed to .25 break
[10:07] {Threei} if it lost .20, whole idea would be invalidated
[10:07] {Threei} because .20 was half way between rim and cup bottom
[10:08] {Threei} under it C&H was no longer valid
[10:08] {Threei} now if you look at the whole chart, you can see C&H playing out, and us getting nice aggressive entry within 5 cents of handfle's bottom
[10:09] {nemo} yep
[10:09] {nemo} volume was a tough read though
[10:09] {Threei} this walkout through the decision-making process may be the most valuable thing in today's log, especially if you read 111 Trades course
[10:09] {Threei} so, to finish on high note... may I go home?? :)
[10:10] {nemo} look around you vad
[10:10] {nemo} what do you see?
[10:11] {Threei} you assume my eyes open...
[10:11] {nemo} forgot, you have braille on your keys
[10:11] {Threei} not even that... I hit them randomly
[10:11] {Threei} Short Setup: FCX .55 break
[10:12] {Threei} If holds BELOW .60
[10:17] {Threei} stop to .56
[10:18] {Threei} half out .46
[10:18] {Threei} stop to .51
[10:20] {Threei} 1/4 more out
[10:21] {Threei} stop to .46
[10:22] {Threei} time to chok it
[10:22] {Threei} .41
[10:23] {Threei} .36
[10:23] {thomcbell} nice vad
[10:23] {Threei} :)
[10:23] {thomcbell} fcx
[10:24] {Threei} out
[10:24] {Threei} .30
[10:24] {Threei} 25 cents reward for 6 cents risk
[10:24] {Threei} shameless
[10:25] {scottie} beautiful
[10:25] {Threei} shamelssly beautiful
[10:25] {Threei} 6 for 6
[10:27] {Threei} where is dino... beau... sciborg...
[10:27] {RonS} could not get in to mibbet until 15 miin after open...
[10:28] {RonS} they may have probs
[10:28] {Threei} huh
[10:28] {Threei} must be on some routes
[10:29] {Threei} a few in the room on mibbit, were in from before the open
[10:29] {RonS} log in went to blank page...
[10:29] {RonS} mibbet screen but blank
[10:29] {scottie} I was on mibbit at 9:15 without problem
[10:31] {Threei} maybe get mirc as a backup
[10:31] {Threei} or you may like it enough to make it main way to connect
[10:31] {Threei} one link in chain less
[10:31] {scottie} good idea
[10:43] {nemo} anf
[10:45] {thomcbell} aapl breaks low
[10:55] {Threei} watching C for pullback entry
[10:55] {Threei} want it under .80
[10:56] {Threei} dino... missed beautiful morning
[10:57] {dino} bummer. had a closing, sold that foreclosure flip, so all in all, good day
[10:57] {Threei} OK :)
[10:58] {Threei} Long Setup: C .75 break
[10:58] {Threei} If holds .70
[10:59] {cipher} aapl l 604.50
[10:59] {cipher} out 605.29
[11:00] {cipher} too soon
[11:00] {Threei} lol
[11:00] {Threei} diaper stock
[11:00] {cipher} was waiting for this buy all morning
[11:01] {Threei} take scalp or partial out here
[11:01] {dino} gj
[11:01] {Threei} if partial, stop to .74
[11:02] {cipher} thx all cya tomorrow
[11:02] {Threei} take care cipher
[11:04] {Threei} out in full
[11:05] {Threei} 7 for 7
[11:08] {nemo} lvs looks short, but stretch for stop
[11:08] {Threei} yeah, consolidation is too loose
[11:09] {dino} cya cipher
[11:09] {Threei} btw guys, I have a doctor appointment tomorrow around 1 pm, follow-up to that minor eye surgery I had a month or so ago
[11:10] {Threei} should not take more than hour and half
[11:10] {Threei} so, will be off during inactive time only
[11:10] {RonS} got C +.14 thanks 3i
[11:10] {Threei} :)
[11:12] {Threei} LVS tightens a bit
[11:13] {Threei} maybe an aggressive entry
[11:13] {Threei} Short Setup: LVS .15 break hl
[11:13] {Threei} if stays under .25
[11:14] {Threei} change to .20 break
[11:15] {dino} eye ok?
[11:15] {nemo} esv
[11:15] {Threei} yes, ty
[11:15] {Threei} Invalidated LVS
[11:16] {dino} hate for you to lose that 3rd eye, :D
[11:16] {Threei} no kidding :})
[11:16] {Threei} I asked doc about that, he said not to worry, he has a big drill for forehead
[11:18] {dino} orly drop
[11:19] {dino} sm l .60 orly
[11:20] {dino} out .64, +1.04
[11:23] {dino} orly drops again
[11:23] {dino} definition of pulp
[11:24] {Threei} nice one
[11:25] {dino} got lucky, thing is all over on .40 moves
[11:25] {dino} looks like it wants open gap
[11:25] {nemo} rig offer
[11:26] {scottie} That's all for me, thanks Vad, see you tomorrow guys
[11:26] {nemo} it's gone, see if it comes back
[11:26] {dino} cya scottie
[11:26] {Threei} take care scottie
[11:29] {RonS} CAB gunned down...
[11:30] {dino} cab sm l .01
[11:33] {dino} stop is lod
[11:33] {dino} crox blood, gap 19.40 area
[11:34] {dino} idcc blood
[11:39] {dino} gotta hop back in hour
[11:40] {nemo} tza might be worth a scalp here
[11:40] {nemo} oops tad late
[11:43] {RonS} has everyone seen the 3D printers?
[11:44] {Threei} read about them
[11:44] {nemo} yeah, they're invented up my way
[11:45] {RonS} $1300 consumer model shipping now from DDD
[11:48] {RonS} lol...used to sell 1 hr vhs machines from jvc for that in the '70's
[11:49] {Threei} hehe
[11:49] {RonS} ...and the tape was $20!
[11:49] {RonS} ...per...
[11:56] {RonS} Moscow pic: http://tinyurl.com/6wu7un6
[11:57] {Threei} BREAKING MASSIVE GREEN ASHES COVER MOSCOW. RUMORS ON CHEMICHAL ACCIDENT. WITNESS REPORTS ON DOZENS OF AMBULANCES DRIVING TO SADOVOE KOLCO.
[11:58] {dptl} oh boy...what the heck did they do again
[11:58] {Threei} no confirnation from credible sources so far
[11:59] {Threei} only twitter rumors
[11:59] {RonS} "apparently Russian officials cannot look up"
[12:00] {nemo} muslim brotherhood
[12:01] {RonS} ya well dp, here in CO guvmint set a contolled burn in 70 mi/hr winds
[12:01] {RonS} controlled
[12:01] {RonS} $30 mil in damage and 3 people died
[12:02] {RonS} 2 hrs before 1st evac call made
[12:06] {nemo} http://goo.gl/YZmgH
[12:07] {nemo} looks lie iwm wants higher
[12:08] {RonS} lol...crox reports great nos, squishy guidance -10%...skx loses less $, +10%
[12:08] {RonS} sheesh nemo, that is creepy...
[12:13] {Threei} if there is something I regret today it's not shorting GG
[12:13] {Threei} several setups
[12:17] {Threei} - Follow up: 12:04ET reports indicating the Emergency Services Agency is calling the green cloud pollen.
[12:26] {nemo} lvs tempting here
[12:26] {nemo} coh too
[12:28] {Threei} for long?
[12:30] {nemo} coh short, thinking lvs goes short to, perhaps off this pullback
[12:30] {nemo} lunchtime, and spy has been trading like it's summer almost all day
[12:32] {nemo} tna scalp above .60?
[12:36] {Threei} nah
[12:36] {Threei} Short Setup: GG .50 break
[12:36] {Threei} If holds UNDER .55
[12:37] {nemo} I was thinking long on that, hahaha
[12:42] {Threei} half out .42
[12:42] {Threei} stop to .51
[12:42] {Threei} 8 for 8
[12:47] {Threei} 1/4 more out
[12:48] {Threei} stop to .46
[12:49] {Threei} to .41
[12:50] {Threei} to .36
[12:50] {Threei} last regret of the day gone
[12:53] {Threei} out .26
[12:53] {Threei} +.23
[12:54] {Threei} anyone is still breathing?
[12:54] {Threei} or my awesomness left you all speechless?
[12:54] {nemo} celg
[12:56] {Threei} funny thing... the better my calls are the less people are willing to talk to me
[13:03] {nemo} agn offer
[13:06] {nemo} unh
[13:23] {nemo} that .95 offer on agn very real
[13:32] {Threei} http://photography.realitytrader.com/2012/04/flowers-of-sidney-calendar.html
[13:32] {Threei} http://photography.realitytrader.com/2012/04/sidney-calendar.html
[13:38] {RonS} nice 3i...did you get paid or did you publish yourself?
[13:39] {Threei} I publish these for particular order
[13:39] {Threei} so yes, get paid
[13:40] {RonS} vix crash
[13:41] {Threei} no news
[13:42] {Threei} there is also a new photobook in process of printing... that one I publish myself and sell through several venues frequented by tourists
[13:42] {Threei} will put it online too
[13:44] {Threei} andj... missed fantastic day
[13:44] {dptl} .
[13:45] {dptl} check
[13:45] {Threei} in the mail?
[13:46] {dptl} lol..internet problemm
[14:15] {dptl} what the....am i here?
[14:16] {Threei} yeah
[14:16] {nemo} unfortunately
[14:16] {nemo} sorry, had to
[14:16] {nemo} not really sorry actually
[14:16] {dptl} lol
[14:16] {nemo} just trying to be polite
[14:16] {nemo} did it work?
06[14:16] * dptl slaps nemo around a bit with a large trout
06[14:17] * nemo slaps dptl around with a large razor blade studded 2x4
[14:17] {nemo} with an alcohol sprayer attached
[14:17] {dptl} thats better lol
[14:17] {nemo} kinda' over the top, huh?
[14:44] {dptl} 10B they are spending on Sochi 2014 games?
[14:45] {dptl} how much was it in Vancouver?
[14:47] {Threei} A final audit conducted by PricewaterhouseCoopers released in December 2010 revealed total operation cost to have been $1.84 billion
[14:47] {dptl} heh...and there 10 B
[14:48] {dptl} they'll freeze vodka to make ice rings?
[14:51] {Threei} lol
[14:51] {dptl} would be iteresting to see what they'll do for that kinda money
[14:51] {Threei} no worry - cost will be same as vancouver
[14:51] {Threei} they pad it so there is what to steal
[14:52] {dptl} yep, thats what first coming to my mind too
[15:11] {Threei} zero activity still
[15:11] {Threei} something should come up
[15:11] {Threei} or down
[15:12] {nemo} spy at R3 and IWM hit R2 just below monthly pivot, unless we sell off this will be it
[15:12] {nemo} just below 82 possible on iwm
[15:16] {Threei} http://www.realitytrader.com/sidney/preview/
[15:20] {dptl} great pix's...well done
[15:20] {Threei} ty
[15:28] {dino} 13196 dji filled1398 s/p fill, ndx 2740 still open
[15:32] {Threei} Long Setup: TZA 18 break
[15:32] {Threei} If holds .95
[15:38] {Threei} half out
[15:39] {Threei} stop to .99
[15:44] {RonS} out +.10 thanks 3i
[15:44] {Threei} :)
[15:58] {Threei} OK... time's running out... out TZA
[15:58] {Threei} thank you all, have a good evening
[15:58] {Threei} see you tomorrow
One trade had particularly interesting thought process behind it. Pull the FCX 1 min, zoom in on 9:55 and read the call at that time and explanations at 10:05 - 10:10.
Session Time: Thu Apr 26 00:00:00 2012
[08:55] {Les} sorry for party rocking
[08:57] {Les} obviously there is no one in this room under the age of 50
[08:57] {Threei} is it bad?
[08:58] {Les} naah I can play ball with that
[08:58] {Les} just trying to be hip and cool, quoting music from my 9 year old
[08:59] {Threei} "cool"? don't they spell it as "kewl" at that age?
[08:59] {Les} only if I put my foot in his mouth, for spelling cool like that
[09:00] {Threei} but it's not a matter of misspelling - it's just kewl to spell cool that way
[09:00] {Les} He might think it kewl but I have rewls - we speak the queen's english in this house
[09:06] {Les} Draghi causing some unpleasentness this morning. Asking politicians to do something... he forgotten how to turn on the printer?
[09:06] {Threei} not that easy in Europe...
[09:11] {scottie} good morning
[09:12] {Threei} scottie :)
[09:13] {dptl} gm
[09:16] {Threei} dp :)
[09:17] {ese} morning
[09:17] {Threei} ese :)
[09:18] {ese} won't be sticking around long today and probably won't be with you all tomorrow......Nashville here we come
[09:20] {Threei} have fun
[09:21] {ese} definitely.......
[09:32] {Threei} Long Setup: FCX .25 break
[09:32] {Threei} hl
[09:32] {Threei} If holds .15
[09:33] {Threei} 1:1
[09:34] {Threei} Long Setup: LVS 57.05 break hl
[09:34] {Threei} change to .80
[09:35] {Threei} If holds 65
[09:35] {Threei} 1:1
[09:35] {Threei} no time to blink on these plays
[09:35] {cipher} aapl l .85
[09:35] {Les} these spreads are awful
[09:36] {scottie} missed both
[09:36] {scottie} not fast enough
[09:36] {Les} fcx vad
[09:36] {Les} .30? long
[09:36] {Threei} LVS was very tough but FCX was obtainable
[09:36] {Les} got fcx
[09:37] {cipher} out aapl .35 +.50
[09:37] {Threei} Long Setup: FCX .10 break
[09:38] {Les} half pivot at 37
[09:38] {Threei} If holds .05
[09:38] {Threei} half out
[09:38] {Threei} .20
[09:38] {Threei} stop to .09
[09:40] {Threei} out
[09:40] {Threei} how about this one scottie?
[09:40] {Les} GDX crashing
[09:40] {Les} SLW 30 b/d?
[09:40] {scottie} missed it too
[09:41] {Threei} hah
[09:41] {Threei} what do you use for a broker?
[09:41] {nemo} GG missed
[09:41] {scottie} not fast enough this morning
[09:41] {Les} ah I see nemo
[09:41] {Threei} don't see any setup on SLW right now
[09:42] {thomcbell} gdx at pivot
[09:42] {thomcbell} slw way above
[09:42] {thomcbell} starting to look like a short setup
[09:42] {Threei} SLW looks rather long to me
[09:43] {thomcbell} two sided 29.97 break 30.14 break
[09:43] {Les} vwap .04 on slw
[09:43] {Threei} Long Setup: SLW .05 break
[09:43] {Threei} If holds .95
[09:44] {Les} partialed at .12 need to leave shortly
[09:45] {Threei} 1:1stop .99
[09:45] {Threei} umm
[09:45] {Threei} stop .99
[09:46] {Threei} 1:1 now
[09:46] {Threei} scottie... tell me you got this one
[09:47] {Les} I am out .19
[09:47] {scottie} got this one, out 1.1 .16, thanks vad
[09:47] {Threei} whew
[09:47] {Les} ty for the fishes vad
[09:47] {Threei} welcome
[09:47] {thomcbell} excellent vad
[09:47] {Les} c u's for closing
[09:47] {thomcbell} gdx nice bounce off pivot
[09:48] {Threei} that was the idea of the SLW play tbell
[09:48] {thomcbell} excellent
[09:48] {Threei} if GDX bounces off puvot, SLW with its relative strength should leadthe charge
[09:48] {Threei} 1:2, out
[09:48] {thomcbell} lvs wicked first 20 min
[09:53] {Threei} 77% Say Most Politicians Don�t Keep Campaign Promises
[09:53] {Threei} and 23% live on Saturn
[09:55] {Threei} Long Setup: FCX .30 break
[09:56] {Threei} change to .25 break
[09:56] {Threei} If holds .20
[09:57] {Threei} aim to sell half near .35
[09:57] {Threei} and hold part for .40 all-out break
[09:57] {nemo} home sales 3 min
[09:57] {Threei} they'll be good
[09:59] {Threei} first exit
[09:59] {Threei} stop to .24
[09:59] {Threei} *(US) MAR PENDING HOME SALES M/M: 4.1% V 1.0%E; Y/Y: % V 7.3%E
[09:59] {Threei} told you
[10:00] {Threei} Y/Y: 10.8% V 7.3%E
[10:00] {Threei} that's 5 for 5 this fine morning
[10:00] {scottie} ty vad
[10:01] {Threei} 1/4 more out FCX
[10:01] {Threei} welcome sir
[10:01] {Threei} but I am concerned about 3 you've missed... might want to look into faster broker
[10:01] {Threei} stop to .34
[10:02] {scottie} not broker's fault, inexperience
[10:02] {Threei} what do you use?
[10:02] {Threei} out in full .52
[10:02] {scottie} disnat
[10:02] {Threei} ok... that is slowr than day trading requires
[10:03] {Threei} rambler was using it, switched to Laser, couldn't believe the difference
[10:03] {scottie} will look into it, thanks
[10:03] {Threei} talk to cc_8, he will help you with demo
[10:04] {Threei} FCX, not too shabby for 6 cents risk
[10:04] {cc_8} hello, did someone summon me
[10:04] {nemo} what was the setup vad?
[10:04] {Threei} who rubbed that lamp?
[10:05] {Threei} this wass a work in progress nemo... look at the 1 min before 9:55 candle
[10:05] {cipher} meli l .89
[10:05] {Threei} see C&H forming?
[10:06] {Threei} with .40 trigger
[10:06] {Threei} that's when I started monitoring it, and even prepared a call .40 break
[10:06] {nemo} ahhh
[10:06] {Threei} then it lost .30,
[10:06] {Threei} and still eyeing that break I started looking for aggressive entry
[10:07] {Threei} it paused between .25 and .30, I alerted .30 break
[10:07] {Threei} it lost .25, I changed to .25 break
[10:07] {Threei} if it lost .20, whole idea would be invalidated
[10:07] {Threei} because .20 was half way between rim and cup bottom
[10:08] {Threei} under it C&H was no longer valid
[10:08] {Threei} now if you look at the whole chart, you can see C&H playing out, and us getting nice aggressive entry within 5 cents of handfle's bottom
[10:09] {nemo} yep
[10:09] {nemo} volume was a tough read though
[10:09] {Threei} this walkout through the decision-making process may be the most valuable thing in today's log, especially if you read 111 Trades course
[10:09] {Threei} so, to finish on high note... may I go home?? :)
[10:10] {nemo} look around you vad
[10:10] {nemo} what do you see?
[10:11] {Threei} you assume my eyes open...
[10:11] {nemo} forgot, you have braille on your keys
[10:11] {Threei} not even that... I hit them randomly
[10:11] {Threei} Short Setup: FCX .55 break
[10:12] {Threei} If holds BELOW .60
[10:17] {Threei} stop to .56
[10:18] {Threei} half out .46
[10:18] {Threei} stop to .51
[10:20] {Threei} 1/4 more out
[10:21] {Threei} stop to .46
[10:22] {Threei} time to chok it
[10:22] {Threei} .41
[10:23] {Threei} .36
[10:23] {thomcbell} nice vad
[10:23] {Threei} :)
[10:23] {thomcbell} fcx
[10:24] {Threei} out
[10:24] {Threei} .30
[10:24] {Threei} 25 cents reward for 6 cents risk
[10:24] {Threei} shameless
[10:25] {scottie} beautiful
[10:25] {Threei} shamelssly beautiful
[10:25] {Threei} 6 for 6
[10:27] {Threei} where is dino... beau... sciborg...
[10:27] {RonS} could not get in to mibbet until 15 miin after open...
[10:28] {RonS} they may have probs
[10:28] {Threei} huh
[10:28] {Threei} must be on some routes
[10:29] {Threei} a few in the room on mibbit, were in from before the open
[10:29] {RonS} log in went to blank page...
[10:29] {RonS} mibbet screen but blank
[10:29] {scottie} I was on mibbit at 9:15 without problem
[10:31] {Threei} maybe get mirc as a backup
[10:31] {Threei} or you may like it enough to make it main way to connect
[10:31] {Threei} one link in chain less
[10:31] {scottie} good idea
[10:43] {nemo} anf
[10:45] {thomcbell} aapl breaks low
[10:55] {Threei} watching C for pullback entry
[10:55] {Threei} want it under .80
[10:56] {Threei} dino... missed beautiful morning
[10:57] {dino} bummer. had a closing, sold that foreclosure flip, so all in all, good day
[10:57] {Threei} OK :)
[10:58] {Threei} Long Setup: C .75 break
[10:58] {Threei} If holds .70
[10:59] {cipher} aapl l 604.50
[10:59] {cipher} out 605.29
[11:00] {cipher} too soon
[11:00] {Threei} lol
[11:00] {Threei} diaper stock
[11:00] {cipher} was waiting for this buy all morning
[11:01] {Threei} take scalp or partial out here
[11:01] {dino} gj
[11:01] {Threei} if partial, stop to .74
[11:02] {cipher} thx all cya tomorrow
[11:02] {Threei} take care cipher
[11:04] {Threei} out in full
[11:05] {Threei} 7 for 7
[11:08] {nemo} lvs looks short, but stretch for stop
[11:08] {Threei} yeah, consolidation is too loose
[11:09] {dino} cya cipher
[11:09] {Threei} btw guys, I have a doctor appointment tomorrow around 1 pm, follow-up to that minor eye surgery I had a month or so ago
[11:10] {Threei} should not take more than hour and half
[11:10] {Threei} so, will be off during inactive time only
[11:10] {RonS} got C +.14 thanks 3i
[11:10] {Threei} :)
[11:12] {Threei} LVS tightens a bit
[11:13] {Threei} maybe an aggressive entry
[11:13] {Threei} Short Setup: LVS .15 break hl
[11:13] {Threei} if stays under .25
[11:14] {Threei} change to .20 break
[11:15] {dino} eye ok?
[11:15] {nemo} esv
[11:15] {Threei} yes, ty
[11:15] {Threei} Invalidated LVS
[11:16] {dino} hate for you to lose that 3rd eye, :D
[11:16] {Threei} no kidding :})
[11:16] {Threei} I asked doc about that, he said not to worry, he has a big drill for forehead
[11:18] {dino} orly drop
[11:19] {dino} sm l .60 orly
[11:20] {dino} out .64, +1.04
[11:23] {dino} orly drops again
[11:23] {dino} definition of pulp
[11:24] {Threei} nice one
[11:25] {dino} got lucky, thing is all over on .40 moves
[11:25] {dino} looks like it wants open gap
[11:25] {nemo} rig offer
[11:26] {scottie} That's all for me, thanks Vad, see you tomorrow guys
[11:26] {nemo} it's gone, see if it comes back
[11:26] {dino} cya scottie
[11:26] {Threei} take care scottie
[11:29] {RonS} CAB gunned down...
[11:30] {dino} cab sm l .01
[11:33] {dino} stop is lod
[11:33] {dino} crox blood, gap 19.40 area
[11:34] {dino} idcc blood
[11:39] {dino} gotta hop back in hour
[11:40] {nemo} tza might be worth a scalp here
[11:40] {nemo} oops tad late
[11:43] {RonS} has everyone seen the 3D printers?
[11:44] {Threei} read about them
[11:44] {nemo} yeah, they're invented up my way
[11:45] {RonS} $1300 consumer model shipping now from DDD
[11:48] {RonS} lol...used to sell 1 hr vhs machines from jvc for that in the '70's
[11:49] {Threei} hehe
[11:49] {RonS} ...and the tape was $20!
[11:49] {RonS} ...per...
[11:56] {RonS} Moscow pic: http://tinyurl.com/6wu7un6
[11:57] {Threei} BREAKING MASSIVE GREEN ASHES COVER MOSCOW. RUMORS ON CHEMICHAL ACCIDENT. WITNESS REPORTS ON DOZENS OF AMBULANCES DRIVING TO SADOVOE KOLCO.
[11:58] {dptl} oh boy...what the heck did they do again
[11:58] {Threei} no confirnation from credible sources so far
[11:59] {Threei} only twitter rumors
[11:59] {RonS} "apparently Russian officials cannot look up"
[12:00] {nemo} muslim brotherhood
[12:01] {RonS} ya well dp, here in CO guvmint set a contolled burn in 70 mi/hr winds
[12:01] {RonS} controlled
[12:01] {RonS} $30 mil in damage and 3 people died
[12:02] {RonS} 2 hrs before 1st evac call made
[12:06] {nemo} http://goo.gl/YZmgH
[12:07] {nemo} looks lie iwm wants higher
[12:08] {RonS} lol...crox reports great nos, squishy guidance -10%...skx loses less $, +10%
[12:08] {RonS} sheesh nemo, that is creepy...
[12:13] {Threei} if there is something I regret today it's not shorting GG
[12:13] {Threei} several setups
[12:17] {Threei} - Follow up: 12:04ET reports indicating the Emergency Services Agency is calling the green cloud pollen.
[12:26] {nemo} lvs tempting here
[12:26] {nemo} coh too
[12:28] {Threei} for long?
[12:30] {nemo} coh short, thinking lvs goes short to, perhaps off this pullback
[12:30] {nemo} lunchtime, and spy has been trading like it's summer almost all day
[12:32] {nemo} tna scalp above .60?
[12:36] {Threei} nah
[12:36] {Threei} Short Setup: GG .50 break
[12:36] {Threei} If holds UNDER .55
[12:37] {nemo} I was thinking long on that, hahaha
[12:42] {Threei} half out .42
[12:42] {Threei} stop to .51
[12:42] {Threei} 8 for 8
[12:47] {Threei} 1/4 more out
[12:48] {Threei} stop to .46
[12:49] {Threei} to .41
[12:50] {Threei} to .36
[12:50] {Threei} last regret of the day gone
[12:53] {Threei} out .26
[12:53] {Threei} +.23
[12:54] {Threei} anyone is still breathing?
[12:54] {Threei} or my awesomness left you all speechless?
[12:54] {nemo} celg
[12:56] {Threei} funny thing... the better my calls are the less people are willing to talk to me
[13:03] {nemo} agn offer
[13:06] {nemo} unh
[13:23] {nemo} that .95 offer on agn very real
[13:32] {Threei} http://photography.realitytrader.com/2012/04/flowers-of-sidney-calendar.html
[13:32] {Threei} http://photography.realitytrader.com/2012/04/sidney-calendar.html
[13:38] {RonS} nice 3i...did you get paid or did you publish yourself?
[13:39] {Threei} I publish these for particular order
[13:39] {Threei} so yes, get paid
[13:40] {RonS} vix crash
[13:41] {Threei} no news
[13:42] {Threei} there is also a new photobook in process of printing... that one I publish myself and sell through several venues frequented by tourists
[13:42] {Threei} will put it online too
[13:44] {Threei} andj... missed fantastic day
[13:44] {dptl} .
[13:45] {dptl} check
[13:45] {Threei} in the mail?
[13:46] {dptl} lol..internet problemm
[14:15] {dptl} what the....am i here?
[14:16] {Threei} yeah
[14:16] {nemo} unfortunately
[14:16] {nemo} sorry, had to
[14:16] {nemo} not really sorry actually
[14:16] {dptl} lol
[14:16] {nemo} just trying to be polite
[14:16] {nemo} did it work?
06[14:16] * dptl slaps nemo around a bit with a large trout
06[14:17] * nemo slaps dptl around with a large razor blade studded 2x4
[14:17] {nemo} with an alcohol sprayer attached
[14:17] {dptl} thats better lol
[14:17] {nemo} kinda' over the top, huh?
[14:44] {dptl} 10B they are spending on Sochi 2014 games?
[14:45] {dptl} how much was it in Vancouver?
[14:47] {Threei} A final audit conducted by PricewaterhouseCoopers released in December 2010 revealed total operation cost to have been $1.84 billion
[14:47] {dptl} heh...and there 10 B
[14:48] {dptl} they'll freeze vodka to make ice rings?
[14:51] {Threei} lol
[14:51] {dptl} would be iteresting to see what they'll do for that kinda money
[14:51] {Threei} no worry - cost will be same as vancouver
[14:51] {Threei} they pad it so there is what to steal
[14:52] {dptl} yep, thats what first coming to my mind too
[15:11] {Threei} zero activity still
[15:11] {Threei} something should come up
[15:11] {Threei} or down
[15:12] {nemo} spy at R3 and IWM hit R2 just below monthly pivot, unless we sell off this will be it
[15:12] {nemo} just below 82 possible on iwm
[15:16] {Threei} http://www.realitytrader.com/sidney/preview/
[15:20] {dptl} great pix's...well done
[15:20] {Threei} ty
[15:28] {dino} 13196 dji filled1398 s/p fill, ndx 2740 still open
[15:32] {Threei} Long Setup: TZA 18 break
[15:32] {Threei} If holds .95
[15:38] {Threei} half out
[15:39] {Threei} stop to .99
[15:44] {RonS} out +.10 thanks 3i
[15:44] {Threei} :)
[15:58] {Threei} OK... time's running out... out TZA
[15:58] {Threei} thank you all, have a good evening
[15:58] {Threei} see you tomorrow
Wednesday, April 25, 2012
Apr 25 2012
Another nicely profitable day (3rd these week, out of as many), with somewhat unusual intraday development: rough star with a few stops and just 1 win; then 6 winning trades in row made the day as green as they go. One has made a Catch of the Day:
Session Time: Wed Apr 25 00:00:00 2012
[08:10] {nemo} frickin' gap up
[08:35] {Threei} *(US) MAR DURABLE GOODS ORDERS: -4.2% V -1.7%E (largest decline since Jan 2009); DURABLES EX TRANSPORTATION: -1.1% V +0.5%E
[09:01] {RonS} gm gents
[09:01] {Threei} Ron!
[09:02] {Threei} welcome back
[09:02] {RonS} thanks...needed break and re-set...
[09:03] {Threei} cool... my turn... see you in 2018
[09:03] {Les} the who will lead this circus?
[09:03] {Les} then
[09:03] {Threei} hmmm... taje turns?
[09:03] {Threei} toss coin?
[09:04] {Les} anyone but the fish
[09:04] {RonS} also cranked a scanner and needed to learn how to use it
[09:04] {Threei} which one?
[09:04] {RonS} Madscan
[09:05] {scottie} good morning
[09:06] {nemo} geez les, and I was gonna give u a present
[09:06] {Les} morning nemo
[09:06] {RonS} comment in here made me realize that i had been an idiot for not using one...so thanks for that
[09:07] {Threei} scottie :)
[09:07] {Threei} I am not familiar with it really Ron... tried it once
[09:08] {Threei} Intelliscan was a winner
[09:10] {ese} gm
[09:11] {ese} les nemo
[09:11] {RonS} hi ese
[09:11] {nemo} haroo
[09:11] {Threei} ese :)
[09:11] {ese} ron
[09:11] {Les} morn ese
[09:11] {ese} got out of bas yesterday at .89 +.20
[09:12] {RonS} thinkin DE a runner today off CAT report and MOS...
[09:14] {RonS} ...could be a furious short squeeze in CRUS off aapl report
[09:15] {Threei} AAPL small gap
[09:15] {RonS} 16% float short
[09:15] {dino} gm
[09:15] {RonS} hi dino
[09:16] {dino} gm
[09:16] {Threei} dino :)
[09:16] {thomcbell} cat down mos up not following
[09:17] {dino} mos upgrades guid., to high end
[09:17] {RonS} cat down off china brazil slowing mos up on demand pickup...de more us centric than cat
[09:18] {dptl} gm
[09:19] {Threei} dp :)
[09:20] {RonS} [6:35:14 AM] Jay W: FOMC Int Rate Decision at 12:30 today
[09:20] {RonS} moved up from 2:15 so Bernanke can have a press conference then
[09:22] {Threei} it's their wording that matters these days, since rate itself is pretty much a given
[09:23] {Threei} in how they word their considerations everyone and their brother tries to catch hints of QE3
[09:23] {dino} european blow up is only way qe3 happens
[09:24] {Les} I paid gypsy fortune teller for FOMC forecast
[09:24] {Threei} one more factor can play a role dino...
[09:25] {Threei} attempt to help prez to get reelected by timing a round of QE to boost the illusion of recovery
[09:25] {dino} true
[09:26] {Threei} not easy to time though
[09:26] {Threei} shoot your load too early, effect might diccipate
[09:26] {Threei} do it too close to election, will be too clearly political
[09:28] {Threei} no clear opening play
[09:29] {dino} gap up and sit day
[09:30] {Threei} Short Setup: FCX .50 break
[09:30] {Threei} hl
[09:31] {Threei} if stays under .60
[09:31] {nemo} that's the gap
[09:31] {Les} ty for MOS heads up out +.24
[09:31] {Threei} invalidated
[09:32] {Les} ooooh maaan
[09:32] {Threei} Short Setup: CRUS .80 break hl
[09:32] {Threei} if stays under .90
[09:33] {Threei} don't even know what to say, LOL
[09:34] {Threei} FCX got away
[09:34] {Les} "can't borrow"
[09:34] {Threei} turns into bounce candidate
[09:35] {Threei} well... if you got CRUS, you know what to do
[09:37] {Threei} Long Setup: FCX .30 break
[09:37] {Threei} if stays above .25 scalpers, .20 day traders
[09:38] {Threei} no go
[09:39] {nemo} fcx might trade off cat news
[09:39] {Threei} gapped up
[09:39] {nemo} tza might be here
[09:39] {Threei} unlike CAT
[09:40] {thomcbell} lvs might be setting up short here Vad
[09:41] {Threei} .20 break was it... late
[09:41] {Threei} good spot
[09:41] {Les} fcx
[09:43] {dino} qcor drop
[09:45] {cipher} +.84 qcor thx dino
[09:45] {Threei} wtg
[09:45] {Threei} Long Setup: X .25 break hl
[09:45] {cipher} too soon
[09:45] {Threei} if stays above .15
[09:45] {nemo} gmcr
[09:46] {nemo} spy at MPP, things might slow down here
[09:46] {Les} scalping day on MOS out +.12
[09:46] {nemo} until the bearded clam speaks
[09:46] {dino} qcor sm l .72
[09:46] {cipher} gmcr l.99
[09:48] {Threei} no go
[09:48] {Threei} hate these gap days
[09:48] {dino} out qcor .02, +.30
[09:48] {ese} L imos .90
[09:49] {Threei} just how easy yesterday and Monday were
[09:49] {ese} sm
[09:50] {Threei} Short Setup: LVS .40 break
[09:50] {Threei} hl
[09:50] {Threei} if stays under .50
[09:50] {nemo} indexes running
[09:50] {dino} qcor sm l .00
[09:51] {Threei} invalidated
[09:51] {cipher} out gmcr .25 +.26
[09:51] {nemo} lvs is long to gap close probably, IWM going at lest to .60
[09:52] {ese} out imos .11 +.20
[09:52] {dino} stop qcor -.30
[09:54] {ese} dino ya gotta figure that ENTR is ready for a bounce....habeen following this for a couple days
[09:55] {dino} reload qcor .00 sm l
[09:55] {nemo} now we should go into a coma until Bernanke
[09:58] {dino} out qcor .48, +.48
[09:59] {dino} entr downgraded to 5 today ese
[09:59] {ese} ya just saw that
[10:00] {RonS} hes blood
[10:01] {cipher} +.25 hes thx ron
[10:01] {RonS} yw
[10:02] {ese} imos doing well.......got outta that at first jump.....spread was odd would go between in .02 to .20 cents in heart beat......a little too nerve racking
[10:02] {Threei} Long Setup: TZA .40 break
[10:02] {dino} gj guys
[10:02] {dino} hes interesting
[10:03] {Threei} .34 and .39 are stops for scalpers and day traders
[10:03] {Threei} .29, of cpurse
[10:03] {Threei} target .55 - .60
[10:03] {Les} vwap .51
[10:04] {Threei} 1:1
[10:04] {Threei} Short Setup: SLW .70 break
[10:04] {Threei} target hit TZA
[10:05] {Threei} SLW stop .76
[10:07] {RonS} DOJ: Hess Corp To Intall $45M In Pollution Controls, Pay $850 000 Penalty To Resolve Clean Air Act Violations
[10:08] {Threei} out SLW
[10:09] {dino} hes sm l .76
[10:13] {nemo} this is wim bounce area above .91
[10:13] {nemo} iwm
[10:13] {dino} hes stop -.33
[10:15] {cipher} hes l .90
[10:16] {cipher} out 1/2 .14 +.24
[10:18] {cipher} out rest .24 +.34
[10:18] {Threei} cipher's killing it today
[10:18] {cipher} one of my best days
[10:19] {Les} doing the same trade on paper. the sort of stuff I wanna do in future
[10:19] {Les} took stop with Dino. back in .97
[10:20] {dino} ah drop
[10:20] {dino} wtg cipher
[10:20] {thomcbell} cipher careful now
[10:21] {thomcbell} lol
[10:21] {Les} .30 presents resistance. exit .20 and .15
[10:22] {RonS} ah http://tinyurl.com/856amzl
[10:23] {Les} damn that health systems sux
[10:23] {nemo} cost
[10:24] {dino} onxx spike
[10:25] {Les} SLW being accumulated
[10:26] {cipher} wow ah
[10:26] {cipher} missed it
[10:28] {cipher} thx all for ideas, calling it a day
[10:28] {Les} that's the life
[10:29] {dino} sm s onxx .99
[10:29] {Threei} (US) DOE CRUDE: +3.98M V +2ME; GASOLINE: -2.2M V -1ME; DISTILLATE: -3.05M V 0E
[10:30] {Threei} Long Setup: NFLX 85 break smaller shares
[10:30] {Threei} if stays above .85
[10:30] {dino} stop, ouch
[10:31] {Threei} target 1:3
[10:31] {Threei} no go
[10:32] {nemo} bid stepping down, she's going lower
[10:32] {nemo} offer that is
[10:32] {RonS} ONXX takeover chatter
[10:32] {Threei} Short Setup: LVS .40 break
[10:33] {Threei} if stays under .50
[10:33] {Threei} (FR) France Socialist Presidential candidate Hollande: Would not pass current EU fiscal pact as it is written, changes are needed- Renegotiation of the fiscal treaty may lead to an entirely new treaty or adjustments to current pact.
[10:34] {Threei} he wins, frau Merkel is all alone
[10:34] {Les} oh to be a fly on Mme Merkel's office wall
[10:35] {Threei} LVS invalid
[10:39] {Threei} valid again
[10:42] {Threei} let's cover half here
[10:42] {Threei} 1:1
[10:42] {Threei} scalpers know what to do
[10:44] {Threei} 1:2, out
[10:45] {Les} ty holding 100 shares for a little game of two-up, being ANZAC day and all
[10:46] {Threei} yw
[10:46] {Threei} glad it reestablished
[10:51] {Les} Greed doesn't pay. out .22
[10:56] {Threei} Short Setup: GLD .15 break
[10:57] {Threei} if stays under .25
[10:58] {Threei} 1:1
[11:00] {Les} index bounce or panic time?
[11:00] {Les} setup?
[11:00] {Threei} IMO, selling
[11:00] {Threei} 87% Think Media More Interested in Candidate Controversy Than in the Issues
[11:00] {Threei} duh
[11:00] {Threei} 13% live on Mars
[11:04] {Les} tza :(
[11:05] {scottie} .
[11:06] {Threei} watch it for pullback entry
[11:06] {Threei} TZA that is
[11:07] {Threei} .70 zone
[11:13] {Threei} Long Setup: TNA 57 break
[11:14] {Threei} if holds .90
[11:14] {Threei} change to .90 break
[11:14] {Threei} if holds .80
[11:16] {Threei} change to .85 break
[11:16] {Threei} stop under .75
[11:16] {Threei} if it's a double bottom, gotta go from here
[11:17] {Threei} target 1:3
[11:17] {Threei} 1:1
[11:18] {Threei} 1:2
[11:18] {Threei} this trade rights the day
[11:18] {Les} for me too. finally in lockstep with you
[11:19] {Threei} out last piece on a trail
[11:19] {Threei} 3 wins in a row, life is much brighter
[11:19] {dino} twin drop
[11:20] {Les} greedy. want .15 for last piece
[11:20] {Threei} keep .89 stop then
[11:20] {Les} roger
[11:23] {Les} .99 stop
[11:23] {Les} out
[11:23] {Les} ty sir
[11:24] {Threei} yw
[11:24] {Les} CAT broke major support
[11:25] {Les} might be a long here actually
[11:29] {Threei} lowering my expectation of bounce zone to about .60-.65 for TZA
[11:31] {RonS} nemo, u there?
[11:37] {nemo} hi
[11:37] {nemo} just back from doctor's gotta' go to hospital little while
[11:39] {RonS} heard of Allan Garner, the comedian?
[11:39] {nemo} no
[11:40] {RonS} he posts on twitter w/ some pretty funny stuff sometines...
[11:40] {Les} silver futures smackdown. .65 is half pivot support for SLW
[11:44] {dino} qcor sm l .72
[11:49] {Threei} I am not going into AAPL universe untile they produce iToaster, iSmoker, iGrill and iCoffeemaker
[11:52] {Les} speaking of iSmoker, amused to see so many people smoking plastic gadgets while on holidays
[11:52] {Les} was waiting for one to explode in a smokers face
[11:53] {Threei} well, I meant smoker as in smoked meat...
[11:53] {Les} hmmm that's good too. yum yum
[11:53] {Threei} but speaking of those electornic cigarettes, I quit smoking thanks to one
[11:54] {Les} it worked?
[11:54] {Threei} like charm
[11:54] {Threei} 3 months
[11:54] {Les} how does it work?
[11:54] {Threei} cigarette itself? or process of quitiing?
[11:56] {Les} the gadget
[11:57] {nemo} it works les
[11:57] {Threei} cartridge with liquid, nicotine with something, battery, vaporizer
[11:57] {Threei} you draw on it, vaporizer turns on
[11:57] {Les} decrease the dosage every month?
[11:57] {nemo} nflx probabl long to 84 area
[11:57] {Threei} no paper, no chemicals, just some nicotine
[11:58] {Threei} fully replaces "analog" smoking
[11:58] {nemo} UNH headed for BO on daily
[11:58] {Les} gappy sucker nflx
[11:58] {Threei} I didn't intentionally decrease anything... the need to snoke disappeared by itself gradually
[11:59] {Les} really? Nicotine doesn't keep you hooked?
[11:59] {Threei} didn't in my case
[11:59] {Threei} heard the same from many
[11:59] {Threei} 30 years of smoking, quit in 3 months
[11:59] {Les} sounds to good to be true
[11:59] {Threei} first day I tried it, I smoked one usual cigarette just to compare the feeling
[12:00] {Threei} that was last one
[12:00] {Threei} 3 years ago
[12:01] {scottie} nemo please, what is BO
[12:01] {nemo} Break Out
[12:01] {nemo} Body Odor
[12:01] {scottie} Quite obvious, thanks
[12:01] {nemo} Ballasticious Omphalosskepsis
[12:01] {scottie} IO prefer that one
[12:02] {scottie} I
[12:03] {nemo} vwap on NFLX is 84.30 would look to short there
[12:04] {nemo} cam could be a short here
[12:09] {Threei} LCH.Clearnet is said to have adjusted margin requirements on Spain and France debt - financial press
[12:09] {Threei} hah
[12:09] {Threei} which way?
[12:12] {Threei} TZA
[12:12] {Les} tza time? IWM vwap resistance at ..95ish
[12:12] {Threei} watching for scalp on bounce
[12:13] {Threei} Long Setup: TZA .60 break
[12:13] {Threei} if holding .55
[12:13] {nemo} if it's gonna bounce right here,
[12:14] {Threei} if loses .55, 5 cents ranges from theree
[12:14] {Les} vwap is here for indexes
[12:14] {nemo} frankly though, this is vwap, not sure we get anything from here to the beard
[12:17] {Threei} 1:1
[12:17] {dptl} leaving early ...see ya tomorrow all
[12:17] {Les} cheers dp
[12:17] {Threei} the day becomes bright and nice
[12:17] {Threei} who would have thought in the morning
[12:17] {Threei} take care dp
[12:20] {Threei} lol, sciborg managed today the best
[12:20] {Threei} he skipped morning with its stops, connected just in time for 3 winning trades and went away
[12:26] {Threei} we are getting closer to FOMC time
[12:28] {Threei} if partial TZA, feel free tp close it
[12:28] {Les} another quarter .69
[12:29] {Threei} who knows what ben says
[12:30] {nemo} market will go down, take back some of the gains. We're range bound. Interestingly enough we topped out basically at SPY MPP, question becomes does the weekly pivot hold at 138
[12:30] {nemo} http://www.freestockcharts.com?emailChartID=9a9eb61f-f7d6-4d81-b070-aa904179996b
[12:31] {Les} oooh pretty colours
[12:31] {nemo} funny how price action matches up with them, huh?
[12:31] {Les} took last quarter off at .65, so not in this
[12:32] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); REITERATES RATES TO STAY EXCEPTIONALLY LOW AT LEAST THROUGH LATE 2014- Vote:9-1
[12:34] {nemo} frickin rinse action
[12:34] {Les} late 2014 now is it?
[12:34] {Les} blow that debt bubble
[12:36] {Threei} let's wait out sharp spikes
[12:36] {Threei} then see if setups are back
[12:43] {Les} db slw?
[12:44] {Les} or dbi?
[12:44] {Threei} neither
[12:44] {Threei} no clear setup
[12:44] {Les} k
[12:52] {nemo} mos short here
[12:52] {nemo} 51.80 good possibility
[12:55] {thomcbell} long entry cat 103.03 break if holding 102.82
[12:56] {thomcbell} also putting a time stop on this one -
[12:56] {thomcbell} will sell after about 5 min - it is a go immediately or out entry
[12:57] {thomcbell} cat 1:1
[12:57] {Threei} Long Setup: TNA .50 break
[12:58] {Threei} stop under .40
[12:58] {Threei} target 1:4
[12:59] {Threei} 1:1
[12:59] {Threei} stop to .45
[13:00] {thomcbell} cat 1:2
[13:00] {thomcbell} sold 1/4 here
[13:00] {Threei} wtg
[13:01] {thomcbell} cat 1:3
[13:01] {Threei} TNA 1:2
[13:01] {Les} out
[13:02] {Les} ty
[13:02] {Threei} yw
[13:02] {Threei} last portion stop .49
[13:04] {thomcbell} stop to 103.21 on cat remaining
[13:05] {Threei} 1:3
[13:05] {Les} nice
[13:05] {thomcbell} cat 1:4 sold another 1/4
[13:07] {Threei} 1:4 target hit, over and out
[13:07] {Threei} feeling fully and totally vindicated for the morning stops
[13:08] {thomcbell} taking trade here CAT
[13:12] {Threei} visual: http://goo.gl/Rk9gU
[13:19] {nemo} bidu looks long
[13:24] {nemo} bidu
[13:24] {nemo} sorry
[13:30] {thomcbell} wow this slab disgusting
[13:30] {Threei} what slab?
[13:31] {nemo} slb probably
[13:31] {nemo} stx interesting
[13:34] {Threei} watch TNA for another entry near .50
[13:34] {Threei} won't repeat the same run as first time, but should give a scalp
[13:37] {nemo} .55 level
[13:37] {nemo} but spy looks like it might head to .80ish
[13:38] {Threei} TNA tends to oveshoot targets a bit, so I'd think .45 - .50
[13:38] {nemo} actually, looking at it spy gonna break north
[13:38] {Threei} then no TNA pullback etnry
[13:38] {nemo} nope
[13:38] {nemo} but we do have news coming
[13:39] {Threei} yeah
[13:39] {Threei} Reminder: Fed economic forecast due out at 14:00ET; Bernanke press conf starts at 14:15ET
[13:45] {Threei} Long Setup: X 28 break
[13:46] {nemo} bidu gonna go
[13:47] {nemo} BIDU gone
[13:48] {Threei} if stays above .90
[13:52] {nemo} o.k. spy might want to get to the 80ish I was origianlly thinking, which might put iwm around .90 at the same time
[13:53] {nemo} of course, this might be the foggy slop before Bernanke speak
[13:53] {nemo} interesting if perhaps a bit extreme: http://ibankcoin.com/news/2012/04/25/if-i-wanted-america-to-fail/
[13:57] {Threei} Invalidated X
[13:59] {Threei} *(US) FOMC UPDATED ECONOMIC FORECAST FOR APRIL MEETING: RAISES GDP FORECAST FOR 2012
[14:00] {Threei} uh oh
[14:00] {nemo} so we sell off
[14:00] {Threei} yup
[14:00] {nemo} this market is like talking to a woman
[14:00] {nemo} yes means no
[14:00] {nemo} no means yes
[14:00] {Threei} hmmm
[14:00] {Threei} maybe wrong headline
[14:01] {Threei} look:
[14:01] {Threei} - GDP: - Lowers 2012 GDP 2.4-2.9 (2.2-2.7% prior) - Lowers 2013 GDP 2.7-3.1 (2.8-3.2% prior) - Raises 2014 GDP 3.1-3.6 (3.3-4.0% prior)
[14:01] {nemo} http://goo.gl/rACBh
[14:01] {Threei} no, right
[14:02] {scottie} .
[14:02] {Threei} incorrect in text, right in heandline and numbers
[14:04] {Threei} continuing with our analogy of the market beeing QE addict,
[14:04] {Threei} addict feels sad when told his health improves - no more drug is needed
[14:07] {nemo} back to the open on spy and iwm
[14:07] {nemo} tna long over .45 might be worth it
[14:07] {nemo} if spy moving up also\
[14:07] {nemo} holding .spy .65 of course
[14:08] {nemo} nope
[14:08] {nemo} .40 break now, holding .spy .60
[14:08] {nemo} antna .34
[14:09] {nemo} 1/2 baby
[14:09] {Threei} nice
[14:09] {nemo} kinda your play, just my levels
[14:10] {nemo} another 1/4 .65
[14:11] {nemo} debating on stop at .50 or .45
[14:13] {Threei} Long Setup: SLW .95 break
[14:14] {Threei} If holds ABOVE .90
[14:14] {nemo} it was already broke
[14:14] {Threei} target .10
[14:14] {nemo} looks like GDX
[14:15] {Threei} half out
[14:16] {Threei} stop .94
[14:17] {nemo} iwm held, .45 it is
[14:18] {RonS} slab hitting skids
[14:19] {nemo} stop .59
[14:19] {nemo} wow, can you believe how cleanly it's acting
[14:20] {Threei} Attention: SLW taregt hit
[14:20] {Threei} out and happy
[14:20] {nemo} o.k I took .90
[14:20] {nemo} out
[14:21] {nemo} It's vad's fault if it vaults further
[14:21] {nemo} I get a feeling the market is going to run
[14:21] {nemo} yep, Vad's fault I got out of my tna trade
[14:22] {Threei} but of cpurse:
[14:22] {Threei} (US) Fed's Bernanke: Fed has been bold and agressive with easing policy; reiterates the Fed is prepared to do more if needed - Q&A- Additional balance sheet tools "remain very much on the table"
[14:22] {Threei} heh
[14:22] {nemo} pullback is over
[14:22] {nemo} dow 20k here we come!
[14:23] {nemo} $10/gal gas $3000/oz. gold
[14:23] {nemo} YAHOOOOOOOOOOOOO!!!!!
[14:23] {nemo} Where are my meds?
[14:23] {nemo} Ahhhhh, the bunny took them
[14:23] {Threei} lol
[14:23] {nemo} Guess I better call the exorcist
[14:24] {Threei} or lay off vodka
[14:24] {Threei} or meds
[14:24] {Threei} they don't mix, you know
[14:24] {nemo} nahh....I find if you crush the oxycodone and mix it with the vodka, works great
[14:25] {Threei} especially if chew on some hash brownies after...
[14:25] {Threei} that was what, 6 winning trades in a row?
[14:26] {nemo} Oh, I have a story about them
[14:26] {nemo} 1st batch I ever made. I waaaaaay over did it
[14:26] {Threei} why am I not surprised
[14:26] {nemo} I neither remember walking in, nor coming out of a Journey concert
[14:27] {Threei} (FR) France President Sarkozy: All of Europe wants growth yet Govts cannot spend money it does not have
[14:28] {nemo} Dumb bastard, when has that ever stopped them
[14:28] {Threei} lol, wake uo Sarko... you print it. You tax the rich (or eat them).
[14:28] {Threei} and you blame your predececcor, successor or competitor. Or all three
[14:34] {Les} prick was in bed with the rich
[14:35] {Les} so he turns the knife on the rich
[14:35] {Les} or he plays the cards his competitors hold
[14:35] {dptl} i am back
[14:36] {Threei} like bad dream?
[14:36] {nemo} thank GOd! dp is back
[14:36] {dptl} lol
[14:36] {Threei} hehe
[14:36] {nemo} lvs, short or long here?
[14:36] {Les} TZA?
[14:36] {Les} TZA time?
[14:36] {Threei} if pulls back to/under .50
[14:37] {Les} bah .55 was it
[14:37] {nemo} I would expect the ranges to stay fairly tight, but it wouldn't be the first time I was wrong today
[14:38] {Threei} missed two nice ones dp... particularly TNA for 1:4
[14:38] {nemo} LVS looks good break of .20
[14:39] {Threei} http://goo.gl/Rk9gU
[14:39] {nemo} would like to see volume get over 20k in the process
[14:39] {nemo} yeah, that was a ballsy call vad
[14:39] {dptl} nice one
[14:40] {nemo} om
[14:40] {nemo} in
[14:40] {nemo} stop is under .15
[14:41] {nemo} missed my 1:5 tna call too
[14:41] {nemo} then again, we know i don't count
[14:41] {nemo} no
[14:41] {nemo} no value
[14:41] {nemo} you guys only like bunny
[14:41] {nemo} sniff sniff
[14:42] {Les} you're on the piss ain't ya
[14:42] {nemo} percosets
[14:42] {nemo} sniffing crushed bunny pellets too
[14:42] {Les} pain killer?
[14:43] {nemo} yeah, but not really
[14:43] {nemo} things make me dizzy
[14:43] {nemo} starting to get iffy about lvs
[14:44] {nemo} it drops this bid at .20 I'm out
[14:44] {nemo} big bid flashed now gone
[14:44] {nemo} should add above .25, but I think I'll just play this hand
[14:45] {nemo} there's the bid
[14:45] {nemo} gone again
[14:45] {nemo} somebody is trying to unload above .20
[14:46] {nemo} that means there's supply here
[14:46] {nemo} makes me think break of .25 could be weak
[14:47] {nemo} I'm taking 1/2 here
[14:48] {Les} that you offloading? .2605?
[14:48] {nemo} don't have access to finr that's a dark pool
[14:48] {nemo} retail can't bid ins sub penny increments, that's a big player
[14:49] {Les} aah ok
[14:50] {nemo} there's the bid again
[14:50] {nemo} and gone again, somebody still has inventory tos ell
[14:52] {Threei} I know now where dptl disappeared
[14:52] {nemo} bottom of a bottle?
[14:52] {nemo} I'm taking another 1/4 here and stop is .19
[14:53] {Threei} just saw a segment ad from Real Housewives of Vancouver... if that's how the girls on filming area look, he went to gawk
[14:54] {dptl} lol
[14:54] {Threei} is it raining over there?
[14:54] {dptl} ya big time
[14:58] {nemo} out .32
[15:01] {nemo} GMCR
[15:02] {nemo} long .72
[15:02] {nemo} wowk
[15:02] {nemo} out 1/2 .86
[15:02] {nemo} holy shit
[15:03] {nemo} now where do I put the stop
[15:04] {nemo} ok, stop .78
[15:05] {nemo} crissakes, I feel like dino
[15:05] {RonS} cool? groovy?
[15:06] {nemo} nahhhh...nerdy
[15:06] {nemo} 1/4 more .98
[15:06] {nemo} stop .84
[15:07] {Threei} nice
[15:07] {nemo} frickin' lucky
[15:08] {nemo} we hold above 139, I think we gap up again tomorrow, barring the dutch invading germandy
[15:08] {nemo} germany
[15:09] {nemo} stop to ..89
[15:10] {nemo} now, we had bad news today and the markets have basically stayed up
[15:11] {Les} GDX GDXJ SLW all ready to test downtrend resistance
[15:12] {Les} precious metals might be ready to move soon
[15:14] {nemo} I'm out if it drops 46
[15:14] {nemo} gnite
[15:14] {Les} ciao
[15:14] {Threei} got TZA Les?
[15:14] {Threei} did exactly as told
[15:14] {nemo} as foretold
[15:14] {Threei} right
[15:14] {Les} unfriking believable
[15:15] {Threei} foreseen, foretold and forefelt
[15:15] {nemo} oh yeah, break of .50 nice
[15:15] {Les} would have made for nice finish yeh
[15:15] {Threei} 14:36] {Les} TZA time?
[15:15] {Threei} [14:36] {Threei} if pulls back to/under .50
[15:16] {Les} well my time stamp show its 21:16 so that was some time ago
[15:16] {Threei} these Europeans...
[15:17] {Les} you know we have memory spans of moths, so your fault
[15:17] {nemo} nah, it's worse than that, he's a wombat poking sheila from down under
[15:17] {Les} charmer you are nemo
[15:18] {nemo} why thank you
[15:19] {nemo} gdx interesting here
[15:19] {nemo} slw too
[15:21] {nemo} think you're right about metals and miners Les (gawd that hurts)
[15:21] {Les} watching and following this sector in longer time frames
[15:21] {nemo} yeah, I plot the multi time frame levels on GDX
[15:22] {nemo} gdx could be long here also, slw just broke
[15:23] {Les} wasn't expecting it into close. thinking overnight gap up
[15:23] {nemo} spy looking long here
[15:23] {Les} spy
[15:23] {Les} sorry
[15:26] {Threei} Long Setup: TZA .60 break
[15:26] {Threei} If holds .55
[15:34] {Threei} no go
[15:40] {Threei} a lot of indecisiveness into close
[15:46] {Les} sleepy time here. C u's tomorrow
[15:46] {Threei} take care les
[15:54] {scottie} Third winning day in a row. Thanks Vad
[15:54] {Threei} beautiful
[15:54] {Threei} good to see theory working in real life eh
[15:54] {scottie} You bet
[15:55] {Threei} or as epugraph to Taoist Trader says,
[15:55] {Threei} Philosophy is just so much nattering
[15:55] {Threei} unless you also use what you
[15:55] {Threei} discover as a ground for being.
[15:55] {Threei} not me... David Gerrold
[15:56] {Threei} OK guys, thank you all
[15:56] {Threei} have a great evening
[15:56] {Threei} see you tomorrow
[15:56] {dptl} gn all
[15:56] {scottie} gn
Tuesday, April 24, 2012
Apr 24 2012
Inactive day with long stall but those trades that we found worked like charm. Just one 6 cents stop with most trades hitting 1:2 and 1:3, so other than boredom, no complaints.
Session Time: Tue Apr 24 00:00:00 2012
[09:06] {scottie} good morning
[09:07] {Threei} morning scottie
[09:08] {andj} GM
[09:08] {Threei} andj :)
[09:08] {andj} Too early vadd
[09:08] {andj} I may have to move back east to keep this up
[09:09] {andj} what time do you start?
[09:09] {Threei} no... can't give up the freedom of finishing at 1
[09:09] {Threei} whole day ahead
[09:09] {andj} I used to think that but man...
[09:09] {andj} dark all around
[09:10] {Threei} used to bother me... then I discovered this great new invention
[09:10] {Threei} electricity
[09:10] {andj} yea?
[09:10] {andj} like a bat?
[09:11] {andj} I'm not smart this early...even with electricity
[09:11] {Threei} there is this switch on the wall... you flip it... and oh sweet miracle of light
[09:12] {andj} no sympathy then? I will look elsewhere...
[09:13] {Threei} sorry :)
[09:13] {andj} no
[09:13] {andj} np
[09:13] {Threei} I am not jazzed about east coast I guess
[09:14] {dptl} gm
[09:14] {Threei} dp :)
[09:14] {andj} I was just there to visit my parents...It was nice to wake up and have some time to get ready
[09:15] {ese} morning
[09:15] {Threei} ese :)
[09:15] {Threei} oh, I see what you are doing differently
[09:15] {Threei} you wake up for trading
[09:15] {Threei} I don;t
[09:15] {andj} that's because you don't allow thinking
[09:15] {Threei} right
[09:16] {Threei} avoid it like plague
[09:16] {andj} i don't get that...but you are still smarter than me
[09:16] {Threei} having keybpard with faded away signage helps - after a while you give up and start hitting random keys
[09:17] {andj} is that why you mess up when typing...your keys are all worn off?
[09:19] {Threei} well, to be honst I do the same with any keyboard, lol... but it's nice to have an excuse
[09:22] {Threei} gosh, NFLX...
[09:23] {ese} wow.......that discussion is way to academic for the morning.......how bout......it's going up...sell it......it's going down....buy it.....end of story
[09:24] {Threei} even that is a bit too sophisticated to me, but it's a step in the right direction
[09:27] {ese} got out of bont yesterday 12:30 ish .44 +.46 1/2 lot
[09:27] {Threei} nice
[09:28] {ese} ya...was a good day/swing trade
[09:28] {Threei} no clear opening play yet
[09:29] {Threei} shorting still looks the way to go but going to give it a few min to see clean setups
[09:30] {Threei} Short Setup: FCX .10 break hl
[09:30] {Threei} if stays under .20
[09:32] {Threei} 1:1
[09:34] {Threei} Short Setup: SLW .70 break
[09:34] {Threei} if stays under .80
[09:34] {Threei} FCX 1:2, out
[09:35] {Les} cool bananas .84 pivot support
[09:35] {Threei} SLW 1:1
[09:36] {Les} fcx long?
[09:37] {cipher} nflx l .80
[09:37] {Threei} watching but no setup yet
[09:37] {Les} bouncing into pivot resistance
[09:38] {cipher} out nflx .30 +.50
[09:38] {Threei} SLW 1:2, out
[09:38] {Threei} wtg cipher
[09:38] {cipher} ty
[09:41] {Threei} EU) ECB's Gonzalez - Seeing Federalization process in Europe.
[09:41] {Threei} good luck with that. WWIII is what they'll get out of that
[09:42] {Threei} Long Setup: X .50 break
[09:43] {Threei} lol, invalidated
[09:43] {Les} ?
[09:43] {Les} slw?
[09:43] {Threei} ?
[09:43] {Les} oh ok I see your setup
[09:44] {Les} saw X at .20... thinking WTF?
[09:44] {Threei} rug pull right after I typed that
[09:44] {Les} could be a wash before the bounce
[09:46] {Threei} Short Setup: LVS 56 break
[09:47] {Threei} if stays under .15
[09:47] {Threei} 1:1
[09:54] {Threei} is something wrong with mibbit today? 3 or 4 people can't connect
[09:54] {Les} luddite disease
[09:54] {scottie} I'm on mibbit and I am OK
[09:55] {Threei} ok... must be on some routes
[09:56] {Threei} closed LVS in full btw
[09:56] {Les} LVS db?
[09:56] {Threei} could be, watching
[09:58] {cipher} lvs l .67
[09:58] {cipher} out 1/2 .77
[09:59] {Threei} *(US) APR RICHMOND FED MANUFACTURING INDEX: 14 V 6E
[09:59] {Threei} *(US) APR CONSUMER CONFIDENCE: 69.2V 69.7E
[09:59] {dino} booted here
[09:59] {Threei} *(US) MAR NEW HOME SALES: 328K V 318KE
[10:00] {Threei} *(US) FEB HOUSE PRICE INDEX M/M: 0.3% V 0.1%E
[10:00] {cipher} out lvs in full .88 +.21 thx Les
[10:01] {dino} ezpw sm l .85 thin
[10:01] {Threei} lol, cipher dpesn't leave anything appearing within 100 yards radius unscalped
[10:01] {Les} shoulda joined ya
[10:02] {Les} bounced off s2 lvs
[10:02] {cipher} I just turn the ideas into cash :-)
[10:03] {ese} L bont agin. avg .20
[10:03] {thomcbell} long setup lvs 55.94 break if holding 55.80
[10:03] {dino} \chkp
[10:03] {ese} i like that idea cipher
[10:04] {thomcbell} lvs 1:1
[10:04] {thomcbell} for a milliseccond
[10:04] {dino} chkp sm l .24
[10:04] {thomcbell} target 1:4
[10:05] {thomcbell} lvs 1:2
[10:06] {Threei} nice
[10:06] {ese} out bont .33 +.13
[10:07] {thomcbell} offered out 1/4 lvs here at 1:30
[10:07] {thomcbell} sold it 56.24
[10:08] {thomcbell} stop to 56.09 on balance
[10:09] {thomcbell} sold another 1/4 lvs 56.24
[10:09] {Threei} Long Setup: FCX .20 break
[10:10] {thomcbell} lvs offering another 1/4 56.34
[10:10] {Threei} stop under .15
[10:10] {Threei} target closer to .40
[10:11] {thomcbell} sold the quarter lvs 56.30
[10:11] {thomcbell} leaves quarter with 56.14 stop
[10:12] {thomcbell} stop to 56.24 on last quarter lvs
[10:12] {cipher} chkp l .15
[10:12] {Threei} perfect management
[10:12] {dino} idcc spike
[10:15] {Threei} Long Setup: RIG .40 break
[10:16] {Threei} hl
[10:16] {Threei} invalidated
[10:17] {thomcbell} taking trade lvs
[10:17] {thomcbell} flat 56.30
[10:19] {cipher} chkp stopped -.15
[10:22] {Les} got a 2nd pc and demo account for testing trades. IDCC worked well, but was rudely reminded of Dino's quarter theory
[10:22] {Les} speaking of crazy trades, where's magoo?
[10:23] {Threei} postponed his return by couple months
[10:23] {Les} it's not hunting season is it?
[10:24] {Threei} not sdure but just in case, not coming out of home without orange vest
[10:26] {ese} L bas .69
[10:26] {ese} bas.......................tard
[10:26] {ese} sheesh
[10:27] {cipher} chkp l .60
[10:28] {Threei} Long Setup: RIG 46 break
[10:29] {Les} 49?
[10:29] {Threei} stop under .90
[10:29] {Threei} still hl
[10:29] {ese} you better work your way back up there.........ya.....^&%%$#KJGFD%$#$@
[10:30] {ese} huh........thats more like it
[10:30] {Threei} 1:1
[10:30] {dino} keep gettiog booted
[10:31] {ese} anybody buy vads book.........."The Best Way to Talk to Stocks so They'll Listen" great read
[10:31] {Les} LOL
[10:31] {Les} missed that title
[10:31] {Threei} I work on sequel, ese
[10:31] {ese} ya definitely
[10:32] {Threei} "The Best Way to Kick Stocks In the Rear so They'll Go Up"
[10:32] {ese} lol....perfect.......
[10:33] {Threei} "The Best Way to Hit Stocks with 2x4 so They'll Drop" is in planning
[10:33] {ese} lol
[10:34] {dino} stopped ezpw +.04
[10:36] {Les} nice day, c u's for close
[10:40] {ese} being up 5 bucks is just not acceptable............GET ON WITH IT!!!!!!!!! YAAAAA NOT GOOFD FOR NUTTIN(**&^TYTR^%*^%!!!!!!! page 68 of the book....phrase really suppose to work
[10:41] {ese} see ....lok at that.....now i'm up 18 bucks
[10:41] {ese} look
[10:42] {Threei} lol
[10:53] {ese} gotta go cya tomorrow
[10:53] {Threei} take care ese
[11:03] {Threei} (US) Economist Shiller: Decline in housing could continue further, especially in suburban areas - comments post Case-Shiller data- May not see a major US housing turnaround in our lifetimes.
[11:03] {Threei} ok... housing bottom must be close
[11:07] {scottie} 2 on 2 today, thanks Vad
[11:07] {scottie} Gotta go see you tomorrow
[11:20] {andj} Hey Vad are the market makers for the direxion eft's obligated to move the prices with IWM?
[11:21] {Threei} no, not really
[11:22] {andj} They move almost like options
[11:22] {Threei} it's not about obligation... rather, comp[lex combination of interests
[11:22] {Threei} there is correlation of course but it's not caused by obligation
[11:23] {andj} Why do you always go with X, CAT and SWL then?
[11:23] {Threei} they trade well, have good liquidity, obey the patterns nicely
[11:37] {Threei} watching TZA for pullback entry
[11:38] {Threei} Long Setup: TZA .45 break
[11:38] {Threei} if stays above .40
[11:39] {dino} chkp sm l .50
[11:42] {Threei} target about .55 - .60
[11:49] {andj} .
[11:54] {andj} do you think IWM selling is coming?
[11:54] {Threei} 50/50
[11:54] {Threei} looked better 10 min ago
[11:54] {Threei} still valid though
[11:56] {andj} Is the chart pattern valid or the 50/50 odds?
[11:56] {Threei} a trade is stil valid
[12:02] {andj} Are you going after the 50/50 chance or a chart pattern?
[12:02] {Threei} I don't understand the question, sorry
[12:02] {Threei} trade is based on a chart pattern
[12:02] {andj} which one?
[12:02] {Threei} in a while after triggering it started to look questionable and turned into 50/50 odds
[12:03] {andj} OK
[12:08] {Threei} market is fairly active on down days and falls asleep on up
[12:13] {dino} thinking the same
[12:26] {dino} ulta?
[12:27] {Threei} don't have news for it
[12:27] {dino} smr l .75
[12:30] {andj} are you still in tza?
[12:31] {Threei} no... loss of .40 is a stop
[12:31] {Threei} volume is 7% under 3 month average in both NYSE and NASDAQ
[12:36] {dino} ulta stop -.35
[12:37] {Threei} (EU) ECB's Weidmann: Bond yields approaching 6-7% are not reasons to request the ECB take action - press interview- Notes there is no need at the moment for a 3rd LTRO operation - Recent comments by officials for the ECB to focus on growth are not helpful
[12:44] {Threei} Google Inc Confirms launch of Google Drive - Google official blog-
[12:44] {Threei} Today, were introducing Google Drive - a place where you can create, share, collaborate, and keep all of your stuff. Whether youre working with a friend on a joint research project, planning a wedding with your fiancor tracking a budget with roommates, you can do it in Drive. You can upload and access all of your files, including videos, photos, Google Docs, PDFs and beyond.
[12:44] {Threei} moe ways to lose what remained of your privacy?
[12:55] {Threei} friking TZA
[12:55] {Threei} hitting target now after rinsing us
[12:55] {andj} I know
[12:56] {dino} last try smr ulta l .65
[12:58] {Threei} works finally eh
[13:02] {dino} y
[13:36] {andj} Can anyone see this? I am having trouble with my ISP.
[13:37] {Threei} yes
[13:37] {andj} ok
[13:37] {andj} no trades?
[13:37] {Threei} no
[13:38] {andj} What type of trades would you look for with the scanner?
[13:39] {Threei} depends on the type of the market
[13:39] {Threei} breakouts in uptrend
[13:39] {Threei} breakdowns in downtrend
[13:39] {Threei} reversals in overextended moves
[13:39] {andj} right now is kind of sideways...so right now?
[13:40] {Threei} nothing, until market does something
[13:40] {Threei} there is just nothing to trade
[13:49] {andj} Do you trade any forex?
[13:49] {Threei} no
[14:02] {Threei} drop out of nowhere
[14:02] {dptl} BIG db?
[14:03] {Threei} nah
[14:03] {Threei} doesn't look right
[14:03] {dptl} ye...will go lower looks like
[14:06] {dptl} pay?
[14:06] {Threei} same
[14:13] {dino} chkp to .15
[14:13] {dino} ezch drop
[14:17] {Threei} Long Setup: LVS 56 break
[14:17] {Threei} if stays above .90
[14:17] {Threei} probably two-sided
[14:18] {dino} out chkp .20, +.70
[14:23] {thomcbell} risk reward seems better up on lvs
[14:23] {Threei} well, it's up that triggered... :)
[14:23] {dino} ezch sm l .29
[14:23] {andj} so what do you do in this case?
[14:24] {Threei} buy the trigger?
[14:27] {nemo} haroo
[14:27] {Threei} wow
[14:27] {nemo} shhhh
[14:27] {Threei} someone did wake up
[14:27] {nemo} I had court and some meetings today
[14:27] {dino} stopped ezch -.33
[14:27] {Threei} oh
[14:31] {thomcbell} aapl db?
[14:32] {nemo} late
[14:36] {thomcbell} late but goodie
[14:40] {dino} ezch news?
[14:41] {dino} nothing i can find
[14:42] {Threei} no
[14:42] {Threei} 1:1 LVSD
[14:42] {Threei} LVS
[14:43] {Threei} the only thing oln it, dino... Jefferies makes cautios comments
[14:43] {Threei} almost an hour ago
[14:44] {dino} must have been some serious comment dropped 12%
[14:49] {Threei} andj... got LVS?
[15:01] {dino} bwld drop
[15:02] {dino} some crazy drops last couple weeks
[15:02] {andj} I got part of it but my other job called. Thanks
[15:04] {Threei} OK... 1:2, mr out
[15:04] {Threei} me
[15:04] {Threei} I bet tbell is till in and will end up taking 60 cents out of it, lol
[15:04] {dino} bwld going for gap at 70?
[15:07] {andj} Vad do you have a rule for how wide consolidation should be for plays like LVS?
[15:07] {Threei} not really, it's a purely visual thing
[15:08] {Les} what are we in?
[15:09] {Les} if no one here's a tree fall in the forest...
[15:09] {Les} hears
[15:09] {Threei} just ended LVS long
[15:09] {Les} sweet db
[15:10] {Les} RIG
[15:11] {Les} seems stuck,but .10 looks like a short trigger
[15:12] {Les} X db setup?
[15:13] {Threei} doesn't look right
[15:13] {Les} dbi with some consolidation?
[15:13] {Threei} that's more to my liking, yeah
[15:14] {Les} XLE is strong
[15:14] {dptl} chkp .45 long?
[15:15] {Threei} chart is right...
[15:16] {dptl} going to 60 i think
[15:18] {dptl} jnpr what the?
[15:19] {Threei} no news yet
[15:22] {Les} vad does RIG constitute a db here?
[15:22] {Threei} Juniper Networks Reports Q1 $0.16 v $0.13e, R$1.03B v $977Me - company website releases
[15:23] {Threei} late
[15:23] {Les} yeh, but is it kosher?
[15:23] {dptl} oh ...they beat
[15:23] {Threei} not really
[15:23] {Les} ok
[15:25] {Les} x .50 b/d?
[15:26] {Threei} I think so
[15:26] {Les} could be 2 way. MACD suggesting possible reversal
[15:27] {dino} damn missed bwld 4 pt bounce
[15:33] {dptl} hlf
[15:40] {Threei} you were right on CHKP
[15:40] {dptl} :)
[15:41] {dptl} chickened out on hlf bounce...
[15:41] {dptl} oh well....
[15:45] {Threei} inactive day but of those trades we took we had what, 1 stop?
[15:51] {andj} Well thanks Vad...have a good afternoon...you know it´s only 1 P.M. :)
[15:51] {Threei} :)
[15:52] {dptl} ok...before i miss the bell again...gn, see ya tomorrow all
[15:52] {Les} well I reckon Vad should open an Indian/Singapore trading session. Let's go all night!
[15:52] {Threei} lol
[15:52] {dino} dptl, nice chkp call
[15:52] {Threei} very
[15:53] {Threei} ok guys, thank you all
[15:53] {dptl} :)
[15:53] {Threei} have a good evening, see you tomorrow
[15:59] {dino} ndx -6% this month
Subscribe to:
Posts (Atom)