Friday, February 8, 2013

Feb 08 2013

Second week ended with no losing days. To finish the week, let me offer you this pure beauty of a trade: aggressive entry into inverted Cup and Handle. 1:3, nice and easy. Be it RIMM or BBRY, be it short or long, always good for a trade.

Session Time: Fri Feb 08 00:00:00 2013
[09:03] {dino} gm
01[09:03] {Threei}  dino :)
[09:05] {nemo} Vad, u here?
01[09:05] {Threei}  let me check...
01[09:05] {Threei}  yeah, I think so
01[09:06] {Threei}  why?
[09:06] {nemo} just sayin...I'll likely be off and about getting battened down for the see they named it "Nemo"?
01[09:06] {Threei}  really?
01[09:07] {Threei}  must be really bad one then...
[09:07] {nemo} yeah, they're naming storms now, not just hurricanes, it's worse than naming arenas for the naming rights money
01[09:07] {Threei}  lol
01[09:07] {Threei}  but wait
[09:07] {nemo} Actually they're using terms like "historic."
01[09:07] {Threei}  did they offer anything to you for this?
[09:07] {nemo} Let me tell ya' I lived through historic here in '78
[09:07] {nemo} More than 3 feet then
[09:08] {nemo} Of course I put them on THE LIST
01[09:08] {Threei}  right
01[09:08] {Threei}  in ink
[09:08] {nemo} ETCHED IN STONE!
01[09:08] {Threei}  hehe
[09:08] {nemo} Class III machine gun license coming up...
01[09:08] {Threei}  I lived through Winnipeg's "blizzard of the century" of 1997
01[09:09] {Threei}  very impressive
[09:09] {dino} nemo, looks like i may get lucky, forecasts 8"to12" for NE PA
01[09:09] {Threei}  took a week for the city to start fully functioning agasin, and it's the most prepared city in the world
[09:10] {dino} "storm of the century" good book
01[09:10] {Threei}  one whwere blizzards paralyzing other coties for days are so routine, no one mentions them
[09:11] {nemo} When I lived in SC, they had an inch of snow and sub freezing temperatures for a week.  Shut the city down for a week...sheesh
[09:11] {dino} lol
01[09:11] {Threei}  same in Victoria
01[09:12] {Threei}  inch of snow stops the city
[09:13] {jdetente} gm
01[09:14] {Threei}  jd :)
01[09:16] {Threei}  then again, it's mostly a government city, so qwhen it stops most never notice
[09:17] {Will49} Good morning guys!
01[09:17] {Threei}  will :)
01[09:18] {Threei}  will, have you heard? they named this storm that threatens east coast... wait for it...
01[09:18] {Threei}  wait for it...
01[09:18] {Threei}  drum roll...
01[09:18] {Threei}  NEMO!
[09:18] {Will49} no kidding
[09:19] {ese} gm
[09:19] {nemo} And it's gonna' hit hardest right in my area
01[09:19] {Threei}  ese :)
[09:20] {Will49} nemo finally getting recognition he deserves
[09:20] {ese} out bbry yesterday .79 +.73
[09:20] {nemo}
[09:20] {Will49} congrats ese
[09:21] {ese} ya worked out great ....2600shs
01[09:21] {Threei}  wtg
[09:21] {ese} it still shot up this morning almost another .50
[09:22] {nemo} O.K. nevermind the market, it's all about me this morning
[09:22] {cipher} gm
[09:22] {ese} yikes nemo
01[09:22] {Threei}  cipher :)
[09:28] {dptl} gm
[09:29] {ese} ddddddddddppppppppppp!!!!!!!!!!!!1
[09:29] {dptl} :)
01[09:29] {Threei}  dp :)
[09:31] {nemo} whoa...snow started a bit harder than I expected c ya
01[09:32] {Threei} Long Setup:  BBRY  .15 break
01[09:32] {Threei}  If holds  .05
01[09:32] {Threei}  Invalidated
[09:32] {cipher} BIDU L .87
[09:32] {cipher} out .13
01[09:33] {Threei} Long Setup:  FB  .10 break
01[09:33] {Threei}  If holds  29
[09:33] {nemo} btw...given the storm, and it's Friday, and the daily pivot and weekly pivot on spy are bot 150.72, likely not to move too far from there
01[09:34] {Threei} Long Setup:  BBRY  .90 break
01[09:35] {Threei}  BBRY 1:1
01[09:35] {Threei}  trail FB to .04
[09:36] {cipher} fslr l .44
01[09:36] {Threei}  out
01[09:37] {Threei} Short Setup: FB  29 break
01[09:38] {Threei}  1:1
[09:38] {cipher} out fslr .60 +.16
01[09:39] {Threei} Long Setup:  LVS  .55 break hl
01[09:40] {Threei}  If holds  .45
01[09:41] {Threei}  no go
[09:43] {ese} am eyeing AKAM dino
[09:43] {cipher} out sfly .83 +.24
01[09:46] {Threei} Short Setup: CAT  .80 break
01[09:46] {Threei}  hl
01[09:46] {Threei}  1:1 in a real hurry
01[09:47] {Threei}  anyone caught it?
[09:47] {jdetente} nope
[09:47] {Will49} no
01[09:47] {Threei}  thought so... 1:2 :(
[09:53] {cipher} chrw l .25
01[09:53] {Threei} Short Setup: LVS  .50 break hl
01[09:53] {Threei}  If holds  .60
01[09:54] {Threei}  wow
01[09:54] {Threei}  what got into CAT
[09:56] {Will49} nip
01[09:58] {Threei}  lol
01[09:58] {Threei}  1:1
[09:59] {cipher} CSTR L.88
01[09:59] {Threei}  1:2
01[09:59] {Threei}  ok guys, make sure you are sitting down for this
01[10:00] {Threei}
[10:00] {dptl} TWX .45 long?
[10:00] {dino} cvlt spike
[10:00] {dino} guid hl l .50
[10:00] {Will49} LOL
[10:00] {dino} cvlt sm s .35
[10:00] {jdetente} lol
01[10:00] {Threei}  not sure TWX
[10:01] {Will49} not you dino -nemo
01[10:01] {Threei}  nemo, are you breathing there?
[10:02] {Will49} tks Vad out lvs 1:2
01[10:02] {Threei}  :)
[10:02] {jdetente} super trade Vad
[10:02] {ese} L mchp 3/4 .50
[10:05] {ese} stop .45 8ma
[10:05] {ese} stop .50
01[10:05] {Threei} Short Setup: BBRY  17 break
01[10:05] {Threei}  If holds  .10
01[10:05] {Threei}  aggressive for .90 break, inverted C&H
01[10:06] {Threei}  target 1:3
[10:09] {dino} cov cvlt .83, +.52
[10:09] {cipher} out chrw .50 +.23
[10:09] {ese} out mchp .74 +.24
01[10:10] {Threei}  1:1
01[10:12] {Threei}  1:2
[10:13] {cipher} VECO L .67
01[10:15] {Threei}  1:3, over and out
[10:15] {Will49} excellent tks Vad
[10:15] {jdetente} beautiful
01[10:16] {Threei}  where is scottie... :(
[10:16] {Will49} snowed in no doubt
01[10:17] {Threei}  now guys, before we move any further,
[10:17] {Will49} this will make catch of the day
01[10:17] {Threei}  let's take a pause for a min and return to yesterday's discusssion
01[10:17] {Threei}  it will :)
[10:17] {cipher} WPRT L .39
01[10:17] {Threei}  after close I thouight to write a blog post on preserving profits
01[10:17] {Threei}  then realized, wait a minute
01[10:17] {Threei}  I did write it already
01[10:18] {Threei}
[10:18] {jdetente} that was excellent advice Vad. Shared it with some friends.
01[10:18] {Threei}  while I prepare catch of the day, read it pls
01[10:18] {Threei}  cool jd... why aren't they here yet?? :)
[10:18] {jdetente} I'm working on that ;)
[10:19] {cipher} out VECO .88 +.21
[10:19] {cipher} out ntgr .17 +.13
[10:21] {dino} gj
[10:21] {cipher} TY
[10:23] {dino} pxd sm s .00
[10:24] {dptl} EL short?
[10:25] {dptl} COV .20 long?
[10:25] {cipher} AEGR l .16
[10:26] {ese} kkkkkkkkaaaaaaaaarrrrrrraaaapppppp!!!!!!!  following akam all morning.........and look away for 2 no good for nuttin stinking crawlin lower than a snakes beely in a wagon rut MINUTES!!!!!!
[10:27] {Will49} how descriptive
[10:27] {Will49} spoken like a true musician
[10:27] {ese} tks...........gets better the more pee off iget at myself
[10:27] {ese} actually
[10:27] {dino} hos spike
[10:28] {ese} just using stuff nemo's already called me
01[10:28] {Threei}
[10:29] {ese} nice trade chief.........thats way your the team leader
[10:29] {ese} why
01[10:30] {Threei}  ty
01[10:30] {Threei}  dp... before we go on with your machine0gun rate of trade a min, have you read that article?
[10:30] {dino} cov pxd .60, +.40
[10:30] {cipher} onxx l.63
[10:31] {dptl} i did read it many times :)
[10:31] {cipher} VSAT L .64
01[10:31] {Threei}  so, parcticcal implication is in order
01[10:31] {Threei}  decided on today's numbers?
[10:32] {dptl} well i just did one trade so far
01[10:32] {Threei}  huh?
[10:32] {dptl} yeah
[10:33] {cipher} ou onxx .82 +.19
01[10:33] {Threei}  cool... you do twice as many as I do in the afternoon and 1/6 in the morning
01[10:33] {Threei}  that's the way {G}
[10:33] {ese} L akam .10
[10:33] {dino} chuy spike, gappy
[10:34] {Will49} Vad, how do you handle this situation: down big in first hour, claw your way back to small profit. Do you keep going?
01[10:35] {Threei}  depends
01[10:35] {Threei}  if market is very active, yes,
[10:35] {cipher} trlg l .00
01[10:35] {Threei}  but I take care not to find myself deep in the hole again
[10:35] {dptl} just decided to be less active today
[10:36] {Will49} tks
01[10:36] {Threei}  greast, so you vut your activity in the morning when the best trades occur, then asked me about 2 new ones within 1 minute?
01[10:36] {Threei}  vut = cut
[10:36] {ese} L rvbd .25
01[10:36] {Threei}  see anything wrong with that picture?
[10:37] {dptl} i usually don't do first 30 min.....i just cant
[10:37] {ese} no I'm up .08 already
01[10:37] {Threei}  ok, BBRY was on 25th minute
01[10:37] {Threei}  35th
[10:38] {cipher} out VSAT .07 +.43
[10:38] {dptl} ye that one i simply missed for other reason
01[10:38] {Threei}  yeah, a cigarette {G}
[10:38] {dptl}
01[10:39] {Threei}  will, to cite an example... say, -300 in the hole, clawed your way back in to +50,
01[10:39] {Threei}  put your stop at -100,
[10:39] {ese} out rvbd .32 +.07
01[10:39] {Threei}  trail it if make more.
[10:40] {Will49} good stuff ad
[10:40] {Will49} Vad
[10:41] {ese} my daughter use to call the telephone the ad good.....short form gets the point accross
[10:43] {Will49} my laser charts not working...just me?
[10:43] {dptl} fine here
01[10:43] {Threei}  OK here
[10:43] {dptl} change server
[10:45] {ese} just looking at that bbry chart vad........absolute classic reverse 1min cup and handle
[10:45] {ese} well done
[10:46] {Will49} went thru all chart servers..still dead
[10:47] {ese} L rvbd .21
[10:47] {thomcbell} FB looks vulnerable
[10:47] {dptl} try to restart it now
[10:47] {cipher} pxd l .24
01[10:47] {Threei}  vhange quote server
01[10:47] {Threei}  ty ese
[10:49] {Will49} do you have to restart after changing server?
[10:49] {dptl} no
[10:50] {thomcbell} FB bounce changes short term picture
[10:50] {dptl} but if still nothing sometimes hallps
[10:50] {dptl} hellps
[10:50] {cipher} intu l .19
[10:50] {dptl} helps
[10:50] {dptl} geez
[10:51] {cipher} klac l .47
01[10:51] {Threei}  great, now my charts went down too :)
[10:52] {cipher} out pxd .47 +.22
[10:52] {ese} ack ackka dak....dak ackka ack...........I command rvbd and akam to rise...........rise I say
[10:52] {dptl} yep mine too
[10:52] {dino} nsp drop
[10:52] {dptl} server 3 works
01[10:53] {Threei}  yup, ty
[10:53] {Will49} reset worked
[10:55] {cipher} nsp l .15
[10:59] {dino} nsp sm l .00 jumpy
[11:01] {dptl} LEN .57 short?
01[11:02] {Threei}  yeah
[11:03] {ese} anyone else L rvbd
[11:04] {ese} never mind......wanted to get an opion on whether you would think it's gonna break up or not.........that question has been answered
[11:05] {cipher} cstr l .92
[11:05] {dptl} not available for short LEN
01[11:08] {Threei}  Monster Blizzard Nemo Headed For U.S. Northeast
01[11:08] {Threei}  between this and that picture, we have material to have fun with for weeks if not months
[11:09] {cipher} out cstr .04 +.12
[11:10] {nemo} Hey!
01[11:10] {Threei}  yes?
[11:10] {Will49} why aren't you out shovelling?
[11:10] {nemo} it's just starting will
01[11:11] {Threei}  tell me you saw that photo, nemo
[11:11] {ese} out rvbd .50 +.29
[11:11] {nemo} no...
01[11:12] {Threei}  09:59] {Threei} ok guys, make sure you are sitting down for this
01[11:12] {Threei}  [10:00] {Threei}
[11:12] {dino} chuy sm s .00 ave
[11:12] {nemo} never thought of myself as a fish anyway
[11:12] {dptl} lol
01[11:13] {Threei}  who cares... it's funny as hell
01[11:13] {Threei}  notice, this is the same cat that I already used as illustration to your charms
[11:13] {Will49} from now on, that;s the face i see when i think of nemo
01[11:13] {Threei}  he was saying "Good Morning? No such thing" or something to that effect
[11:13] {nemo} fata morgana
01[11:14] {Threei}  he is known on internet as "grumpy cat"
[11:14] {nemo} yeah, but he doesn't have an arsenal
01[11:15] {Threei}  found it
01[11:15] {Threei}  where do I upload it...
01[11:18] {Threei}
[11:19] {nemo} Just saw a good quote:  My ex had one really annoying habit....breathing
[11:19] {Will49} :)
01[11:19] {Threei}  lol
[11:20] {cipher} veco l .20
[11:26] {cipher} ctrx l .90
[11:30] {ese} L akam avg .08
[11:31] {dptl} VMED .55 short?
[11:32] {dino} cov chuy .60, +.40
[11:32] {ese} good one dino
01[11:33] {Threei}  VMED, no
[11:33] {dino} ty
[11:37] {dino} ctrx drop
[11:40] {dino} hl l .35
[11:44] {dino} ctrx stop
[11:45] {dino} taking break
[11:45] {dino} guid stop -.15
[11:47] {dino} ctrx rinsed
[11:50] {dptl} GILD .20 long?
01[11:51] {Threei}  where is that Post-it?
[11:52] {dptl} ye...lunch time, breakouts
[11:53] {thomcbell} aig good action - no setup
[11:59] {ese} out akam .22 +.14 with 1600 of the little blighters......i'm done for the day up at 3:30 and am smokin tired.....have a great weekend all cya next week
01[11:59] {Threei}  have a good weekend ese
[12:01] {thomcbell} wow ctrx- crazy action
[12:07] {dino} yeah
[12:11] {dino} basing maybe
[12:11] {dino} hl l .60
[12:11] {dino} stop is .39
[12:12] {thomcbell} i had a very fortunate long there - bought it at 50.01 and sold it at 50.70 - 5 seconds later
[12:12] {dino} roc spike
[12:12] {dino} you dog
01[12:14] {Threei}  lol
[12:17] {dino} roc sm s .43
[12:17] {dino} out ctrx .08, +.48
[12:21] {thomcbell} FB day low
[12:24] {dptl} laser charts again i have lots of data missing
[12:24] {nemo} don't stick your chin out like that
[12:31] {dino} cov roc .63 -.20
01[12:37] {Threei} Short Setup: FB  .75 break
[12:38] {dino} roc crazy
[12:43] {dino} roc sm s .00
[12:43] {dino} stop -.30
[12:46] {dino} roc sm s .25
[12:52] {dptl} fb valid?
[12:52] {dino} cov roc .49, +.76
01[12:55] {Threei}  no
[13:07] {dptl} AKAM .50 long?
01[13:13] {Threei}  don't know...
01[13:13] {Threei}  but FB is valid again
01[13:14] {Threei}  wow
01[13:14] {Threei}  MA bans all the travel in the state
01[13:14] {Threei}  that's it nemo... you are glued to the place
[13:15] {nemo} 4-wheel drive
[13:41] {dptl} do you still have charts prob Vad?
01[13:41] {Threei}  no, fine now
[13:42] {dptl} hmm..mine stop working and then comes back with data missing 3 times today
[13:43] {dptl} i wish i can show you fb chart now how it looks here lol
01[13:45] {Threei}  there is a gap between 10:53 and 12:10
[13:46] {dptl} look with server5
01[13:49] {Threei}  FB stubbornly holds that support
01[13:52] {Threei}  wow, did scottie really get snowed in? my friends in Toronto remained home, schools are closed
01[13:53] {Threei}  dp, see how AKAN failed that break you watched?
[13:53] {dptl} yes
01[13:53] {Threei}  perfect trap... that's the breakouts for you during lunch time
01[13:56] {Threei} Short Setup: CAT  .75 break hl
01[13:56] {Threei}  If holds  .85
[13:57] {thomcbell}  long setup dvn 60.23 if holding 60.15
[13:57] {thomcbell} half lot only for me
[13:57] {dptl} how you can see anything with this charts Vad?
01[13:57] {Threei}  I squint
[13:57] {nemo} darth VADer
[13:58] {dptl} no i mean 3 hours no data
[13:59] {nemo} go to dp
01[13:59] {Threei}  gosh, have a look at backup...
[13:59] {nemo} ahhh....Vad
01[13:59] {Threei}  come on man, life is not that bleak :)
01[13:59] {Threei}  oh... and squint :)
[13:59] {dptl} i know i have it...but its only bats data isn it?
[14:00] {nemo} the chart is pretty accurate
06[14:00] * Threei sends dp a bottle of Smirnoff
[14:00] {nemo} Smirnoff...that's disgusting
[14:00] {nemo} I understand it's DP, but...
01[14:00] {Threei}  yes... you think I'd send him Grey Goose?
[14:00] {dptl} lol
[14:00] {nemo} Oh right, you don't have Tito's which is excellent and cheap
[14:01] {thomcbell} i like that Ultima
[14:01] {thomcbell} Tito too
[14:01] {nemo} and exactly what are your qualifications thom?
[14:01] {thomcbell} volume
[14:01] {nemo} try the maddog 20/20 then
[14:01] {thomcbell} lol\
[14:02] {nemo} gotta' start stormdrinking
01[14:02] {Threei}  how is it different from regular drinking?
[14:03] {nemo} it's not, but it's a rationalization
[14:03] {nemo} You know what's nice about if the power goes out in winter
[14:03] {nemo} ?
01[14:03] {Threei}  yikes
[14:03] {nemo} You don't have to worry about the food going bad in the refrigerator
01[14:04] {Threei}  not our case... too warm usually, power is interrupted by winds rather than snow
[14:08] {thomcbell} dvn 1:1
01[14:10] {Threei}  market is glued ti the place
[14:10] {nemo} well iwm and spy headed for trend lines
01[14:13] {Threei} Short Setup: BBRY  .60 break
01[14:13] {Threei}  If holds  .70
01[14:13] {Threei}  no go CAT
[14:14] {dptl} stopped cat
01[14:14] {Threei}  BBRY setup is likely to be one of those on again off again
01[14:14] {Threei}  if invalidates, keep it on radar for possible reestablishing
01[14:14] {Threei}  valid so far
[14:16] {thomcbell} its finally gotten tired
01[14:16] {Threei}  volume is low on otday's red bar though
01[14:17] {Threei}  maybe just taking a breather
[14:21] {nemo}
[14:21] {nemo} Politicians explained....actually I guess it's an insult to rats
[14:22] {Will49} well...i don't give rats ass personally
[14:22] {Will49} a
01[14:23] {Threei}  {Rats} damn well you don't - it's not yours to give!
[14:23] {Will49} agreed
01[14:24] {Threei}  come on BBRY, break and drop like a
01[14:24] {Threei}  hmmm
01[14:24] {Threei}  prom dress?
01[14:38] {Threei}  wow... look at this flatline SPY
01[14:38] {Threei}  whole day, right after the morning activity was over
[14:40] {Will49} maybe the algo computers are taking a snow day
01[14:47] {Threei}  Ok BBRY, little bounce andf then decisive break please
[14:48] {jdetente} ok let's see it drop
01[14:48] {Threei}  yes please
[14:50] {dptl} stop .71?
01[14:50] {Threei}  yup
01[14:59] {Threei}  1:1
01[14:59] {Threei}  gotta love BBRY... our new best friend
[15:00] {dptl} all out to go have a good weekend all see ya monday
01[15:01] {Threei}  have a good weekend dp
[15:01] {dino} cya
[15:01] {dino} snfca drop
[15:01] {Will49} be good dp
[15:01] {dino} sm l .26
[15:02] {dino} stop -.27
[15:03] {dino} reload sm .80
[15:07] {dino} stop again -.30
[15:08] {dino} f'ing rinsed, that makes 3 today
[15:12] {thomcbell} cleaning up last 1/4 of dvn here
[15:18] {dino} nsp filling nov gap
[15:20] {dino} meli drop
[15:21] {dino} meli sm l 82.76
01[15:22] {Threei} Short Setup: FB  .80 break
01[15:22] {Threei}  If holds  .85
[15:23] {nemo}
[15:24] {thomcbell} bbry 1.58 long break Vad
[15:25] {dino} stop meli, stupid, had profit on it
01[15:25] {Threei}  rather .60 tbell... but I personally will skip it
01[15:25] {Threei}  don't feel conviction in the market on a long side
[15:26] {thomcbell} your not aloud to be crabby sensai
01[15:26] {Threei}  why?? nemo is, why not I...
01[15:26] {Threei}  sniff sniff
[15:26] {nemo} it's "sensei"
[15:28] {dino} another f'ng rinse, meli. wtf
[15:28] {nemo} KY dino
[15:28] {thomcbell} nemo crabby even after storm naming today
[15:28] {dino} yeah, starting to feel that way, thats 4 today
[15:28] {nemo} I'm not crabby today
01[15:29] {Threei}  die FB
01[15:30] {Threei}  good boy... couple more cents for first partial please
01[15:30] {Threei}  half out
01[15:31] {Threei}  aiming for closer to .60 and playing by the book
01[15:31] {Threei}  stop trailed to .81
01[15:32] {Threei}  so what do you think, dp really left or quietly trading?
01[15:35] {Threei}  let
01[15:35] {Threei}  let's check that theory...
06[15:35] * Threei slaps dptl around a bit with a 750 ml bottle of Stolychaya
01[15:36] {Threei}  no sound of body hitting the floor... must have left
[15:37] {nemo} stolychniya...yeeech
01[15:37] {Threei}  again...
[15:37] {jdetente} one last push here...and joy :)
01[15:37] {Threei}  why would I sacrifice Grey Goose for that
01[15:37] {Threei}  FB 1:2, out in full
[15:37] {thomcbell} excellent Vad
[15:38] {nemo} I just said Stoli sucks, I didn't say sacrifice the grey goose.  If you're gonna' smack him with something, just use a lead pipe
[15:38] {Will49} Great Vad tks
01[15:38] {Threei}  ye sir
01[15:38] {Threei}  yw
01[15:38] {Threei}  this is so... inelegant, nemo
01[15:38] {Threei}  effective, yes
[15:38] {nemo} I can do violence elegantly, you can't
[15:39] {nemo} settle for effectiveness
01[15:39] {Threei}  that's why I have to use more elegant tools than lead pipe
[15:39] {nemo} a waste of vodka that you could use for rust remover
01[15:39] {Threei}  why would I need drunk rust all over the place
01[15:42] {Threei}  gosh... someone on TV just said "snowpocalypse"
[15:47] {thomcbell} good weekend everyone
[15:47] {dino} cya
01[15:47] {Threei}  ok guys, nice finish to a nice week, second in a row with no losing days
01[15:47] {Threei}  thank you all
[15:48] {nemo} cya Monday...maybe
01[15:48] {Threei}  have a great weekend, see you tomorrow
[15:48] {Will49} see ya Vad
01[15:48] {Threei}  stay safe nemo
[15:48] {jdetente} have a great weekend guys. Good trading this week
01[15:48] {Threei}  all you east coast folks