Friday, March 15, 2013

March 15 2013

About flat day, with rough morning and getting it all back later in the day. Some interesting discussion you don't want to miss, starting at 14:09.

Session Time: Fri Mar 15 00:00:00 2013
[09:01] {patel} Good Morning!!
[09:02] {nemo} I'm outta' here fairly shortly, gotta' funny feeling I probably won't be around Monday either (Threei breaks into the Wizard of Oz classic "Hey Ho the Witch is Dead")
[09:02] {nemo} odd, IWM stuck to the ceiling and SPY gapped down
01[09:02] {Threei}  lol
[09:03] {nemo} Wanna' play ball scarecrow!
01[09:03] {Threei}  as long as I don't have to sing "off to work we go..."
[09:04] {nemo} that's Snow White
01[09:04] {Threei}  I like mixed metaphors
[09:04] {nemo} SPY long with a stop under .05 looks good here
[09:04] {nemo} yeah
[09:15] {dino} gm
01[09:15] {Threei}  dino :)
[09:16] {nemo} Dino new rule for NFL running backs-they can't lower their heads to make contact
[09:16] {dino} sucks for them, tough to enforce
[09:17] {nemo} tons of penalties coming and they'll get killed
[09:18] {jdetente} Gm!
[09:18] {backman} gm
01[09:19] {Threei}  jd, backman :)
[09:21] {Les} thank god it's Friday
[09:21] {Will49} gm
01[09:22] {Threei}  will :)
[09:22] {Les} and me? :(
01[09:23] {Threei}  ok...
[09:23] {dino} how was yesterday afternoon? did i miss much?
01[09:23] {Threei}  Les :)
[09:23] {ese} gm
[09:23] {Les} boooooooooooooooring
[09:23] {Les} not much
01[09:23] {Threei}  mostly boring, but nice scalp came about on the last 30 min
01[09:23] {Threei}  ese :)
[09:24] {Les} GDX still having trouble getting a leg up
[09:25] {dino} i will be missing wednesday (3/20) thru monday (3/25). myrtle beach golf trip
[09:25] {cipher} gm
01[09:26] {Threei}  cipher :)
[09:27] {Les} sounds tough dino
01[09:27] {Threei}  dino can handle it
01[09:27] {Threei}  he has done it before, and survived
[09:28] {nemo} oh, spy is ex div, no wonder
[09:28] {Les} I'd settle for a paraglider once I can get some income happening
[09:28] {Les} flat cap and chequered tartan socks was never my ting
[09:28] {Les} thing
01[09:30] {Threei} Short Setup: CCL  34 break small
[09:30] {thomcbell} rf nice chart looking for a setup
[09:30] {dino} it is tough, lots of drinking required
[09:30] {nemo} cipher short aapl
01[09:31] {Threei}  If holds  .15
[09:31] {dptl} gm
01[09:32] {Threei}  dp
[09:32] {jdetente} jumped my bid
01[09:32] {Threei}  1:1 in case you got it
[09:32] {Will49} not a chance
[09:33] {nemo} look for spy bounce here
01[09:35] {Threei}  crap... was watching RCL for a sympathy short, dropped with not setup
[09:35] {dino} dtv sm s .20
01[09:35] {Threei}  not = no
[09:36] {nemo} partial here on spy
[09:37] {nemo} finnies weak and iwm doin' nuthin
[09:37] {cipher} KLAC L .12
01[09:37] {Threei} Short Setup: RCL  .45 break hl
[09:37] {cipher} MLNX L.26
01[09:37] {Threei}  If holds  .55
[09:37] {dino} dtv stop -.30
[09:37] {cipher} ntes l .48
[09:38] {cipher} out ntes .77 +.29
01[09:38] {Threei}  nah
[09:41] {cipher} KLAC stop -.02
[09:42] {cipher} tna l .27
[09:43] {cipher} ASML L .62
01[09:45] {Threei} Long Setup:  GDX  .20 break
[09:45] {cipher} out TNA .50
01[09:45] {Threei}  If holds  .10
01[09:45] {Threei}  1:1
[09:45] {Les} christ that was fast
[09:46] {dino} rgr drop
[09:46] {dino} sm l .92
01[09:46] {Threei}  paused just for entry
[09:46] {Will49} got it :)
01[09:46] {Threei}  then teleported to 1:1
01[09:46] {Threei}  ideal scenario
[09:46] {Les} got it and hit the sell button when I looked back and saw .30
01[09:46] {Threei}  I wish they were all like that always
[09:49] {jdetente} nice and easy scalp
[09:49] {jdetente} ty
01[09:49] {Threei}  yw
01[09:49] {Threei} Long Setup:  SLW  .60 break
[09:49] {dino} mth
[09:50] {cipher} RGR L.19
[09:50] {thomcbell} ryl very strong too
01[09:50] {Threei}  If holds  .50
[09:50] {cipher} out asml .70
[09:51] {nemo} guess that was a fat finger on spy
[09:51] {Les} asml +.03
01[09:52] {Threei}  no go
[09:52] {cipher} cost l .18
[09:53] {nemo} watch ebay for a bottom around here, look at the dialy
[09:53] {nemo} got a gap fill re test going on
[09:55] {cipher} out cost -.12
[09:55] {jdetente} slw rinse meh
01[09:55] {Threei}  wow
01[09:56] {Threei}  *(US) MAR PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 71.8 V 78.0E (lowest reading since Dec 2011)
[09:56] {nemo} BOHICA!!!!
[09:56] {Will49} lol
[09:56] {Les} pullback time
01[09:56] {Threei}  that was very disgusting of you SLW
[09:57] {jdetente} SLW...what a creep
[09:57] {jdetente} he
[09:57] {Will49} SLutW
[09:57] {nemo} sometimes your the rooster, huh Vad
[09:57] {nemo} Pahan
[09:57] {Les} .70 is vwap slw might  fail to make new highs
[09:58] {nemo} ebay not really dropping here
[09:58] {dino} prlb drop
[09:58] {thomcbell} bought some prlb
[09:59] {Les} prlb just dropped through 20 day
[10:00] {nemo} Friday of Quad witching week, kinda makes sense, if you take out the .69 div on spy, not bad at all so far
[10:01] {Les} ah its div day so IVV
01[10:01] {Threei} Short Setup: GDX  .40 break
01[10:01] {Threei}  If holds  .50
[10:02] {dino} gj tbell prlb
[10:02] {dino} thought it would get to 200
[10:02] {thomcbell} no i bought it at 46.98
[10:03] {dino} oh
01[10:03] {Threei}  1:1
[10:04] {Les} that's the spirt
[10:04] {Les} spirit
[10:04] {nemo} esrx salmon
[10:05] {nemo} nov cdee mjn kinda' strong
[10:05] {jdetente} I guess GDX has decided to give us scalps eh?
[10:05] {Les} wow
[10:05] {cipher} prlb l .50
[10:06] {dino} out rgr .44, +.50
[10:06] {dino} opps, +52
01[10:11] {Threei}  quite listless opening
01[10:11] {Threei}  neurotic
01[10:11] {Threei} Long Setup:  SLW  .70 break
[10:11] {dino} elli sm l .02
01[10:12] {Threei}  and if this one doesn't work, I don't touch SLW today anymore
01[10:12] {Threei}  but it has 1:2 written all over it
01[10:14] {Threei}  Pelosi: President Obama has never done anything for political reasons
[10:14] {jdetente} hahah
01[10:14] {Threei}  I'll see you in three years
01[10:14] {Threei}  it will take me this long to recover from this
01[10:15] {Threei}  1 year of hysterical laughter
[10:15] {cipher} out rgr .60 +.41
[10:17] {dino} gj
[10:17] {dino} scanners slowing down already
[10:17] {cipher} same here
[10:18] {dino} going to be a long day
[10:18] {cipher} rgr s .83
01[10:18] {Threei}  consolation: think of how long these 4 years are going to be
01[10:18] {Threei}  and day will look much shorter
[10:19] {jdetente} that's a cheerful thought
[10:19] {dino} what 4 years? am i missing something/
01[10:19] {Threei}  that's it
01[10:19] {Threei}  SLW is dead to me
[10:19] {ese} SLW no go
[10:19] {jdetente} and SLW you disgusting pig
[10:19] {jdetente} grr
[10:19] {ese} Had my finger on the trigger
01[10:20] {Threei} Long Setup:  LVS  .05 break
01[10:21] {Threei}  If holds  .95
[10:21] {nemo} GILD looks short
[10:22] {nemo} potential two way if market turns
[10:22] {Les} cost +.10 ty
[10:22] {patel} didnt get that one
[10:22] {Will49} me either
[10:22] {nemo} O.K. if bullmarket still on, this was the pullback, and it should be upward from here
[10:23] {dino} ohh, the bull is not dead yet
01[10:23] {Threei}  anyone got lucky with LVS?
[10:24] {jdetente} yup
[10:24] {dino} nice rgr short cipher
[10:25] {Les} like to see TNA pullback to 89 with bullish divergence for entry
[10:26] {cipher} cov rgr .45 +.38
[10:26] {dino} i have to say, ccl holds well considering....
[10:27] {Les} bout to break 3 min bb at 35 area might be reversal tiem ccl
[10:28] {cipher} mlnx stop .22 -.04
[10:28] {jdetente} out LVS
[10:28] {jdetente} thx Vad
01[10:31] {Threei}  yw
01[10:31] {Threei}  CAT two-sided
01[10:31] {Threei}  .50 - .60
[10:35] {dino} ebay?
[10:37] {cipher} mlnx s .69
[10:38] {cipher} cov .32 +.37
[10:39] {Les} sm ebay l .68
01[10:39] {Threei}  1:1
[10:40] {ese} L akam .76
[10:40] {Les} out ebay .80
[10:40] {cipher} asml l .05
[10:42] {cipher} outy asml -.11
[10:42] {Les} CCL looking for dt or lower high
[10:43] {Les} s .13 stop .20
[10:44] {dino} ebay sm l .80
[10:46] {Les} cover .00
[10:46] {Les} still got some takers here
[10:47] {ese} L gild .30
[10:47] {dino} asr
[10:49] {Les} SLW GDX come on dooown
01[10:49] {Threei}  1:2
01[10:49] {Threei}  finally something works decently
[10:50] {jdetente} out +.19 ty
[10:50] {Les} news CL?
01[10:50] {Threei}  yw
[10:50] {cipher} LULU L.18
[10:50] {dino} cut to equal weight cl
01[10:50] {Threei}  (CL) Chile Codelco Union said to announce a strike later today\
[10:50] {Les} CL colgate palmolive?
[10:50] {cipher} out lulu .30 +.12
[10:51] {cipher} BWLD L .40
01[10:51] {Threei}  if you insist on that CL,
01[10:52] {Threei}  CL Morgan Stanley Cuts CL to Equal Weight from Overweight
[10:52] {Les} k ty
[10:52] {Les} suprised to see defensive stock hammered
[10:53] {dino} prlb sm l .46
[10:54] {Les} CCL s .08
[10:55] {Les} nice bwld too gappy for me
[10:56] {cipher} out BWLD .89 +.59
[10:58] {cipher} les there is a trick how to play these pulpy suckers
[10:58] {cipher} to minimize risk
[10:59] {Les} tna l .32
[11:01] {dino} cipher, what trick?
[11:01] {dino} pxd
[11:01] {cipher} lol dino of all people you should know :)
[11:02] {ese} C what scan are you using to pick up your capitulation stuff
[11:02] {cipher} bwld makes me feel like an idiot
[11:02] {cipher} iscan
[11:02] {dino} everyday i feel like one
[11:03] {cipher} murphy's law in effect...
[11:03] {ese} what setting.......
[11:03] {ese} i'm on that as wel
[11:03] {cipher} stuff I hold dumps and stuff I sell too soon goes to the moon
[11:04] {ese} copy that
[11:04] {cipher} ese not easily explainable
[11:04] {cipher} dcc me later
[11:04] {ese} sure
[11:04] {cipher} I fined tuned some settings
[11:04] {cipher} trial and error
[11:04] {cipher} took me a while
[11:04] {dino} nature of the beast for our edge of trading cipher
01[11:04] {Threei}  you know that you can share iscan settings with other users by Collaboration feature?
[11:04] {cipher} egzactly
[11:05] {Les} crap dunno what I did but sold Tna +.01 or an algo took my low ball offer
[11:05] {Les} target  was .50
01[11:05] {Threei}  right click on the window you want to share, click Collaborate
01[11:05] {Threei}  copy link in the window that pops up and paste it for another user
[11:06] {cipher} on the other hand... do I want the whole world to know my settings?
01[11:06] {Threei}  he will copy it and paste it into new window using the same Collaborate, and boom - he has your settings
[11:06] {cipher} my edge might dissapear then :)
01[11:06] {Threei}  of course not
[11:06] {Les} course u do cipher
[11:06] {thomcbell} long setup sm 59.48 break if holding 59.38
01[11:06] {Threei}  if you post it in the room, I will make sure I edit it out
[11:06] {cipher} I know :)
01[11:07] {Threei}  so trading log doesn't have it for anyone outside the room
[11:07] {cipher} just thinking loud
[11:07] {ese} ya no it will........i'll totally steal what C is doing for my own monetary gain
[11:07] {cipher} I'm kinda paranoid
[11:07] {Les} well I'll be definitely .01 in jumping out before ya cipher :)
01[11:07] {Threei}  they have drugs for that nowadays {G}
[11:07] {dino} if i shared mine, i'd have to kill ya
[11:08] {Les} i beg your pardon?
[11:08] {cipher} already fighting stupid algos on my entries and exits...
[11:08] {cipher} now I have to worry about you guys?
[11:08] {cipher} :)
01[11:08] {Threei}  just imagine what algos think of you
[11:08] {ese} i can share's darts......
[11:08] {dino} lol
01[11:08] {Threei}  mine's chicken entrails covered by tea leaves
[11:09] {ese} that works even better
[11:10] {cipher} DISCA DROP
[11:10] {Les} CCL 35
[11:11] {cipher} disca l .34
[11:11] {ese} gap up reversals, gap down reversals, Sector divergence with macd crossing middle and and rsi above 60 usually for long opposite for short but don't short much
[11:12] {Les} 1:1 on CCL but looking for more
[11:12] {Les} 1:2
[11:12] {ese} tose are the biggies and then search for the patterns in vads book
[11:13] {ese} am now starting to add some nemo in there as interested in the vwap thing buying below shorting above
[11:14] {ese} and of course interested in dino as well.....his genious capit stuff
[11:14] {dino} you already know the settings for that
[11:15] {ese} ahhhhh buggar it.......i do it all..........whatever works at the time
[11:15] {Les} covered +.06
[11:15] {Les} sucker won't go down
[11:18] {backman} even paper trading, i get " too soon" anxiety.... was in VMED at 46.50...arrgh
[11:19] {thomcbell} sm 1:1
[11:20] {dino} trail hard stops backman, it might help
[11:20] {backman} thnx
[11:20] {dino} np
[11:21] {dino} algt
[11:23] {cipher} trip l.38
[11:24] {ese} hey B.......i'm in slightly early with akam and gild as well.......but i know that i've read them right.......sometimes patience when your in works too........although i will brutally sell them at my risk parameters
[11:24] {Les} ccl last go .99s
[11:24] {Les} .05 stop
[11:25] {cipher} yy l.84
[11:25] {dino} 07 all green
[11:25] {Les} disca +.07 ty
[11:25] {Les} damn had more in it
[11:27] {Les} ccl stop flat
[11:27] {cipher} out trip .59 +.18
[11:27] {Les} bb's saying no give here
[11:28] {dino} ebay to .99, slooowwww
[11:28] {cipher} out disca .49 +.15
[11:30] {dino} out ebay +.19 at .99
[11:30] {cipher} gj
[11:30] {cipher} I passed, too slow for me
[11:31] {dino} ty
[11:41] {ese} ya know....i think i figured it out.......this reshi goof is trying to get at cipher's trading secrets.......thats gotta be it......why does he keep coming back to be rejected
[11:41] {dino} lol
[11:42] {dino} i think its the chinese army hackers
[11:42] {Les} well even kentucky fried chicken lost their secret spices eventually
[11:43] {ese} ese looks at dino's comment squinty eyed..........and give a big hmmmmmmmmmmm acknowledgement.........nodding head up and down
[11:44] {ese} exclaiming to himself silently.........thats gotta be it
01[11:44] {Threei}  attempt of repeat trial, blocked from entry... doesn't get a hint :)
[11:44] {thomcbell} sm flat 2nd half
[11:44] {ese} I should write a book don't you think that was very descriptive of me I thought
[11:45] {cipher} yy stopped .75 -.09
[11:45] {dino} indeed
[11:46] {ese} want to do a Grimbergen beer tonight?  Thought i'd ask the question for fear of ending up like ole reshi there
[11:46] {dino} elli to .20
[11:47] {Les} ccl .01 l
[11:47] {Les} stop .95
[11:48] {ese} I remember the last time that I forgot to invite you to something unexplained my tires were flattened the next morning.......
01[11:49] {Threei}  tires?? my aide has missed then...
[11:49] {ese} Not saying you did it but it was just an odd quince events
[11:49] {ese} co-incidence
[11:50] {ese} i like that quince events though.......thats apples program translating my voice
01[11:50] {Threei} Short Setup: EBAY  51 break
01[11:50] {Threei}  hl
01[11:50] {Threei}  If holds  .10
[11:52] {ese} yeeeeessssssss.....gild..........get down and give me .20
[11:52] {cipher} ulta l .65
[11:52] {Les} can't borrow ebay
[11:53] {ese} daaaaaaaaaaaaaa somebody told me that army commands work on this board they don't
[11:53] {ese} Sheesh
[11:53] {dino} out prlb .52, +.07, bad entry
[11:54] {Les} shit nevis got me the shares and I find myself short that's scary
[11:55] {cipher} out ulta .60 -.05
01[11:55] {Threei}  why is that scary
[11:55] {Les} thought automatic cancel
[11:55] {Les} looking elsewhere and I see big order for 600
[11:56] {Les} tried twice, so they grabbed twice
[12:03] {cipher} YNDX L .30
[12:04] {dino} out elli .20, +.18
[12:04] {Les} stop ccl +.01
01[12:05] {Threei}  1:1, so you don't get scared
[12:06] {Les} :P
[12:06] {Les} anyway lesson learnt. Nevis is looking for shares unless I cancel the order
[12:07] {cipher} ulta l .62
[12:08] {cipher} out .74
[12:08] {cipher} out yndx .40 +.10
[12:13] {Les} ulta stop -.09
[12:14] {cipher} ulta is a tough one
[12:14] {cipher} I can't judge momentum on it
[12:14] {ese} akam.........just past the V big whopper......thats vwap for all you rookies
[12:15] {ese} out akam .04 +.28
[12:16] {dino} gj
[12:18] {ese} tks
[12:18] {ese} your just sayin that to be nice cause i don't make as much money as you
[12:19] {cipher} lol ese
[12:19] {cipher} but you make it up on size
[12:20] {Will49} size counts
[12:20] {ese} am laughing about that one myself..............might be the first dig i've done to dino in 5/6 years......ever
[12:27] {dino} hey
[12:27] {cipher} evep drop
[12:29] {ese} L stx .05
[12:29] {cipher} evep l .10
[12:30] {dino} brb
[12:32] {cipher} ULTA L .51
[12:39] {patel} reshi rich
[12:43] {dino} ?
[12:46] {dino} bummer on elli, had stop too tight. took me out and went .50 more
[12:49] {Les} RCL short .97
[12:52] {Les} I hope cipher ain't on the toilet holding ULTA logn still
[12:52] {dino} lol
[12:54] {dino} guinness tonight w/nice steak
[12:54] {dino} that is the plan
[12:54] {Les} means pay well earned?
[12:55] {cipher} out ulta .59 +.08
[12:55] {dino} wife's b-day, mine on sunday
[12:55] {Les} enjyo
[12:55] {cipher} out evep .25 +.15 late posts
[12:55] {dino} asps drop
[12:55] {cipher} was on the phone
[12:56] {Les} and happy birthday
[12:57] {dino} ty
01[12:58] {Threei}  happy birthday dino
[12:58] {cipher} happy B-day
[12:59] {patel} Happy Birthday Dino
[13:00] {cipher} call l .07
[13:00] {cipher} ulta blood
[13:01] {dino} ty
[13:04] {Les} there was my chance to make back on ulta
[13:05] {dino} ioc drop
[13:06] {ese} 10:30 meeting everyone I'll see you in about an hour
[13:07] {dino} cya
01[13:08] {Threei}  LOL:
01[13:08] {Threei}  I don't approve of political jokes. I've seen too msny of them get elected
[13:11] {Les} good one
[13:16] {cipher} ioc l .16
[13:17] {Les} CCL squeeze
[13:18] {Les} sm .s .23
01[13:20] {Threei}  OK, this is the best one for the week:
01[13:20] {Threei}  My interpersonal skills are excellent. It's my intolerance of f***ing indiots that needs some work.
[13:20] {Les} indiots new species of people?
[13:21] {Les} ok my bad
01[13:21] {Threei}  well, my typing always left wanting
[13:21] {Les} glad you can tolerate my correcting
01[13:22] {Threei}  not really but it's friday
[13:22] {Les} :)
01[13:22] {Threei}  so I put my 2x4 to rest till Monday
[13:23] {dino} nice ioc hit cipher, i wanted pullback
[13:25] {Will49} les..indiots are people you can hardly intolerate
01[13:26] {Threei}  and imbiots are hybrid of imbeciles and idiots
[13:26] {Will49} of course
[13:27] {Will49} even les knows that :)
[13:27] {Les} huh?
01[13:28] {Threei}  now... any guess about crimbiots?
[13:28] {Will49} hmmmm
[13:28] {cipher} out ioc .65 +.49 thx dino
[13:28] {Will49} criminal idiots?
01[13:28] {Threei}  come on, it's easy
01[13:28] {Threei}  triple hybrid
[13:28] {Les} criminal
[13:28] {Will49} criminal inmeciles
01[13:28] {Threei}  nah
[13:28] {Les} right
[13:29] {Will49} inbeciles
[13:29] {Les} imbeciles
[13:29] {Les} blithering idiots
[13:29] {Les} criminal
01[13:29] {Threei}  imbeciles and idiots stay, third kind is added
[13:29] {Will49} that's be blitherots
[13:29] {Les} your just making that up will
[13:30] {Will49} no that's in the Canadian-Newfoundland disctionary
[13:30] {Will49} disctionary (too much coffee)
01[13:30] {Threei}  cretins+imbeciles+idiots = crimbiots
[13:30] {Will49} I'll accept that
[13:31] {Les} crap accidently covered a quarter RCL at .86 1:1 was .90
[13:31] {Les} frikin kids playing WoW behind me
[13:31] {Les} still short CCL .23
[13:31] {cipher} what's WoW?
[13:32] {Les} World of WArcraft
[13:32] {cipher} oh
[13:32] {cipher} I'm too old for that crap
[13:32] {Les} my generation
01[13:32] {Threei}  may I entertain you by the first paragraph of my next book?
[13:32] {Les} was playing WoW 1 and 2 in my youth
[13:32] {Will49} Les, if you want to stay in this room you have to get rid of all relatives until marlet closes
[13:32] {Les} sure
[13:32] {Will49} market
01[13:33] {Threei}  The world is full of idiots. Some are amusing. Some are annoying. Some are idiots all the time, and you wonder how they get through the day. Some are idiots now and then. Some are harmful. Some are useful.
01[13:33] {Threei}  The bad news is, none of us is guaranteed from being an idiot in some way and at some point. The good news is, it is possible to learn how to recognize the idiocy in ourselves and stop it at early stages. Equally, it is possible to recognize idiotic behavior in others and avoid harmful idiots while utilizing useful ones.
[13:33] {Les} cover CCL .03 +.20
01[13:34] {Threei}  This paragraph above pretty much describes what this book is about. There are countless ways to lose money in the markets, and most of them if not all are uniform in one regard: they require certain form of behavior that, should it be displayed in every day�s life would have been qualified none other than idiotic.
01[13:34] {Threei}  end :)
[13:35] {Will49} do you expect many idiots to buy the book?
01[13:35] {Threei}  no
[13:35] {Will49} small market then
01[13:35] {Threei}  as with all my writings
[13:36] {Les} CCL 35 short?
01[13:36] {Threei}  hl
[13:36] {Les} stop is .05
[13:43] {dptl} hey Dino..Happy B-day man..:)
[13:44] {Les} 1:1 half covered
[13:44] {Les} +.2?
[13:44] {Les} 1:2?
[13:44] {Les} what was your stop vad?
01[13:45] {Threei}  .10
[13:46] {Les} k 1:1
01[13:46] {Threei}  don't be so formal... ieven if it was .05, you wouldn't take 5 cents profit on half lot
01[13:46] {Threei}  maybe if you played triple lot
[13:49] {Les} not on CCL - understood
[13:51] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:59] {Les} 1:2 RCL covered
[14:00] {dino} nice
[14:01] {Les} VWAP rejection on slw and GDX
[14:01] {dino} 07 red
01[14:02] {Threei}  folllowing the SOP works, eh Les?
[14:03] {Les} a couple of thousand more trades and I might find some discipline....
01[14:03] {Threei}  I don't know why it's so difficult
01[14:03] {Threei}  just stop macking around
01[14:03] {Threei}  here is procedure, fiollow it
01[14:03] {Threei}  be a soldier
01[14:03] {Threei}  don't question orders
01[14:04] {Threei}  follow them
01[14:04] {Threei}  want to be creative? grab a camera
01[14:04] {Threei}  go take photos
01[14:04] {Threei}  in trading, follow the procedure
[14:04] {Les} ah well before taking ritalin you could say that all you want
01[14:05] {Threei}  creative part ended whern you designed your setups
[14:05] {Les} didn't matter at all
01[14:05] {Threei}  or took mine
01[14:05] {Threei}  after that it's execution part
[14:05] {Les} yeh right now I'm scared money
[14:05] {Les} about to get stopped out again
[14:06] {Les} but pad the account again and follow orders and should see different results
01[14:06] {Threei}  on what?
[14:06] {Les} my account
[14:06] {Les} I blame the doctor
[14:06] {Les} should have diagnosed me 6 months ago
01[14:06] {Threei}  I blame nemo
[14:07] {Les} that's easy and without need to say
01[14:07] {Threei}  and scottie while he is not here
01[14:07] {Threei}  missed great week... igh
[14:07] {dptl} where is he by the way?
01[14:07] {Threei}  how do I know
01[14:07] {Threei}  no one tells me anything
01[14:07] {Threei}  I am like chopped liver
[14:08] {dptl} lol
[14:08] {Les} been trading Cipher trades live today as well
01[14:08] {Threei}  you covered all RCL Les?
[14:08] {Will49} but you got invited out for beer tonight
[14:08] {Les} y
01[14:08] {Threei}  coming on 1:3
[14:08] {dino} cipher is an animal
01[14:08] {Threei}  and SPY helps
[14:08] {Les} accidently hit the cover button at .90 so last piece was covered prematurely
[14:08] {dino} and vad is a machine
[14:09] {Les} gotta strengthen trading system for cipher trades
01[14:09] {Threei}  since it's Friday, and not very active, we can theorize a bit...
[14:09] {Les} ULTA for example cost too much
01[14:09] {Threei}  leave all this emotional stuff at the door
01[14:09] {Threei}  being right, being wrong
01[14:09] {Threei}  it all doesn't matter
[14:10] {Les} yes this is the hardest part
01[14:10] {Threei}  trading is simple folloiwng your setups which were designed in the calmness of office
01[14:10] {Threei}  trading itself is a coldblooded execution
01[14:10] {Threei}  see setup - take setup,
01[14:11] {Threei}  finer - eye coordination, no brain involved,
01[14:11] {Threei}  finger that was
01[14:11] {Threei}  le the market tell you what it is, profit or loss,
01[14:11] {Threei}  take either with no hesitation and no emotions,
01[14:11] {Threei}  move on to scanning for the next trade.
01[14:11] {Threei}  That's all
01[14:12] {Threei}  keep emotions for your next date
01[14:12] {Threei}  keep creative juices for your next photograph, or painting, or sculpting, or whatever you do for kciks
01[14:12] {Threei}  kicks
01[14:13] {Threei}  Watch your vocabulary,
01[14:13] {Threei}  if you hit losing streak, don't use words like "disaster"
[14:13] {patel} hahahaha
01[14:13] {Threei}  losing days are to be expected, they are not a "disaster,"
06[14:14] * Threei slants at patel
01[14:14] {Threei}  they are part of trading
[14:14] {patel} yeah
[14:14] {patel} emotions always get the better of me.
[14:14] {dptl} heh no emotion there either :) with the dates it is...same thing
01[14:14] {Threei}  Use this kind of words, you start shaping your own destiny
01[14:14] {Threei}  You hit winning streak, don't get elated
01[14:14] {Threei}  it WILL end
01[14:15] {Threei}  just recall, we had weeks-long stretches of winning days,
01[14:15] {Threei}  did any of them not end? :)
01[14:15] {Threei}  hell, we had couple months long one once
01[14:16] {Threei}  nemo still recalls it when waxes lyrics
01[14:16] {Threei}  same with losing days or even streaks,
01[14:16] {Threei}  did we ever have one we haven't recovered from literally next day or week?
01[14:17] {Threei}  it all doesn't matter much, a trade or even a day - next one comes and puts it all in order - as long as you continue trading peroven system
01[14:17] {Threei}  proven too
[14:18] {thomcbell} all true
01[14:18] {Threei}  It's when you start tweaking everything and breaking rules after one or two losses, or getting overconfident and decide rules are not for you after a few wins,
01[14:18] {Threei}  that you get into troubles.
01[14:19] {Threei}  So... emotions at the door, get passionate during the date (slanting at dptl), get desperate when run out of beer )slanting at patel),
01[14:19] {Threei}  and trade according to standard operating procedure.
01[14:19] {Threei}  Now... where is my Innis&Gunn...
01[14:20] {Threei} Short Setup: CAT  .35 break hl
01[14:20] {Threei}  If holds  .45
01[14:23] {Threei}  CAT is close to day low, .30, should serve as a magnet and with any SPY help should get broken
01[14:24] {Threei}  here we go... break that wall, mt gorbachev
01[14:25] {Threei}  don't stop now
01[14:26] {Threei}  trail stop to .41
01[14:26] {Threei}  let's keep risk as tight as possible
[14:28] {Les} 2H CCL covered at trigger
[14:28] {Les} thank god boring me to tears
01[14:29] {Threei}  1:1
[14:30] {Les} 200 day there for the testing. that's saying something about the state of commodities
[14:30] {dino} cov cat .30, +.05
01[14:31] {Threei}  fell asleep around .25 - .26 dino?? :)
[14:31] {dino} wall
[14:31] {dino} i was trailing tight fl
01[14:32] {Threei}  got it
[14:32] {dino} late friday afternoon, i get stingy
01[14:32] {Threei}  can't blame you
01[14:32] {Threei}  well, I can... but I won't
[14:32] {dino} light day for me, but very good week
[14:34] {Les} potential TNA db at vwap here, although looks lke breaking it
01[14:35] {Threei}  week was really good, and today IS light
01[14:35] {Threei}  volume is lower,
01[14:35] {Threei}  all that witching
01[14:35] {Threei}  and SPY div
01[14:36] {Threei}  ok CAT
01[14:36] {Threei}  let's do 1:2 now
[14:43] {nemo} Having a nice day?
[14:44] {dino} slow
06[14:44] * Les smacks nemo with feigned politeness
06[14:44] * nemo shoves foot up Les'....oh nevermind
01[14:44] {Threei}  slow, but slowly becomes nicer
[14:44] {Les} hehehe
01[14:44] {Threei}  trade by trade
[14:45] {nemo} Just looked at charts, SPY nice divergence trade since about 12:45
[14:45] {thomcbell} hca looks like a long entry there at 37.87 break
[14:45] {nemo} yeah, stop under the low
[14:46] {nemo} spy at important level here
[14:48] {Les} IWM bb tightening here
[14:48] {Les} we gonna get TNA long entry with .15 of risk?
01[14:51] {Threei}  here kitty kitty
[14:51] {Les} looking at .50 vwap break as clearer sign
01[14:53] {Threei}  1:2... good kitten
[14:53] {backman} thanx all..njoy weekend
[14:53] {Les} 1:3 is S1 and 200 day support
[14:53] {Les} ciao backman
01[14:53] {Threei}  yw backman, have a good one
[14:54] {Will49} make sure you come back-man
[14:54] {Les} lo
[14:54] {Les} l
01[14:54] {Threei}  hmmm...
[14:54] {thomcbell} qcom having a pretty difficult day i see
01[14:54] {Threei}  will... I see my hihgly questionable sense of humor is contagious
[14:54] {Les} small tn a l .35
01[14:54] {Threei}  it rubs off
[14:54] {backman} ahh, will, I'd never miss a puny moment :=)
[14:55] {Will49} now if i could only "catch" your win rate
[14:55] {dino} cya back
01[14:55] {Threei}  it's a part of deal:
[14:55] {Les} stop -.09
01[14:55] {Threei}  you get my bad typing,
[14:55] {Will49} is your first name Randy, by chance?
01[14:55] {Threei}  then bad sense of humor
01[14:55] {Threei}  then win rate
[14:56] {Will49} :)
[14:56] {backman} will, there r times i feel that way...just dont discuss it here
01[14:56] {Threei}  and you are lucky you haven;t been here 5 years ago,
[14:56] {Will49} guess i'll stick with it seeing i'm already 1/2 way there
01[14:57] {Threei}  when "be able to drink a bottole of vodka within one hour" was required step too
[14:57] {Will49} good one back!
[14:57] {Les} damn sold at the bottom tna
[14:57] {dino} asps sm l .00 gappy
[14:57] {nemo} why is BAC so strong today?
[14:57] {thomcbell} govt approved its capital plans
01[14:58] {Threei}  BAC Reports Feb master trust: net charge offs 4.25% v 4.18% m/m
[14:58] {nemo} mnst looks long here
01[14:58] {Threei}  (GR) Head of the Greece bank bailout fund said to be resigning
01[14:58] {Threei}  lol
[14:59] {nemo} esrx what a chart
[14:59] {nemo} got rebate trading all over it
[15:00] {thomcbell} bbry long setup Vad
01[15:00] {Threei}  15 break?
[15:00] {thomcbell} si
01[15:00] {Threei}  yeah
01[15:00] {Threei}  most lilkely scalp only
01[15:00] {Threei}  on a narrow side today
01[15:01] {Threei}  whole day within 20 cents
[15:01] {thomcbell} hca long setup 37.92 break if holding 37.84
[15:01] {dino} qcom .00 trig l
[15:03] {Les} BBRY maybe bearish reversal VWAP is at .97
[15:04] {thomcbell} certainly having trouble getting thru 15
01[15:06] {Threei}  MBBRY} who, me?
[15:07] {Les} another wall broken
[15:07] {thomcbell} bbry 1:1
01[15:07] {Threei}  {BBRY} I eat troubles for breakfast
[15:07] {thomcbell} hca never triggered and i am leaving it alone
01[15:07] {Threei}  (unless AAPL has me for lunch)
[15:07] {thomcbell} may bore myself to tears for last 53 min
[15:14] {ese} Like a bad dream I am back
[15:15] {dino} out qcom flat
[15:19] {thomcbell} bbry stop on second half to 15.05
[15:20] {thomcbell} flat bbry
[15:20] {ese} am probably gonna have to exit gild with small loss 15/16 cents looking like
[15:20] {thomcbell} good cal vadimir
[15:20] {ese} what a's done nothing
[15:22] {dino} f'ing qcom
[15:26] {cipher} gpor l .63
01[15:26] {Threei}
[15:26] {dino} stop asps .75
[15:27] {Will49} lol
[15:31] {Les} GPOR for .10 ty
01[15:32] {Threei}  Les is hyperactive today...
[15:32] {nemo} meth fiend
[15:33] {Les} incorporating cipher trades into my routine. Today is 1st day live
[15:33] {cipher} out gpor .72
01[15:33] {Threei}  incorporate good stock of diapers in your routine too then
[15:33] {nemo} great...he can start calling cipher
[15:34] {Les} look at three minute GPOR chart nemo
01[15:34] {Threei}  cipher might have not not mentioned to you that diapers is a part of his routine for the first year or two
[15:34] {nemo} look at daily les I'm thinking 43 area and test lower on Monday
[15:36] {cipher} asps s .50
[15:37] {cipher} cov .41
[15:37] {cipher} that was close
[15:37] {Les} TNA .32 to .54 finally caught the bugger
[15:38] {nemo} IWM flat, finnies up, spy feint because of div ex, today much ado about nothing
[15:38] {dino} waloking it up
[15:38] {Les} 3 min bullish divergence on IWM should have waited the 2nd bottom
[15:38] {Les} hit me nemo
[15:38] {nemo} Yeah, interesting to see if they gap up or down on Monday
[15:39] {dptl} have a good weekend all
[15:39] {Les} ciao dp
[15:39] {Will49} cheers dp
[15:39] {dino} cya dp
[15:39] {nemo} I said that level was important for spy
01[15:39] {Threei}  hmmm
[15:39] {dino} up then hard down is gut monday call
01[15:39] {Threei}  so many people say bye to dp, I just hate to be a part of crowd
[15:39] {dptl} lol
[15:39] {Les} bye dp for VAd
[15:40] {nemo} nah, you're just starting to here the sheep in public talk about the market.  They need to suck some more money in.  Coupla' more months
[15:40] {nemo} here=hear
[15:40] {Les} here here
01[15:40] {Threei}  some of recent federal spending:
[15:40] {nemo} stay THERE!
[15:40] {dino} i'll give you until quarter end
[15:41] {nemo} that's 2 weeks my guinea friend
01[15:41] {Threei}  - $27 million to the country of Morocco to teach the folks over there how to make pottery. I guess the Moroccan government is not capable of pottery instruction. This con is courtesy of the U.S. Agency for International Development, which now has the nerve to tell us that the pottery project is "not on track to achieve its goals."
[15:41] {dino} Mc actually
01[15:41] {Threei}  - $1.5 million to the Brigham and Women's Hospital in Boston to study why many lesbian Americans are overweight. The National Institutes of Health calls the situation "an issue of high public health significance." Sure. Everybody's talking about it.
[15:41] {nemo} o.k. guinea in name only
01[15:41] {Threei}  - $947,000 to research a "Mars menu." What astronauts would eat on the planet Mars if they ever get there. NASA says it will send six volunteers into a barren Hawaiian landscape to eat stuff so it can figure out what tastes good on Mars.
[15:42] {Les} LoL love the pottery donation
[15:42] {nemo} What!?  Nobody gonna' give me shit for being insulting to Italians?
[15:42] {Les} guinea is insult?
[15:43] {nemo} guinea wop dago garlic eater
[15:43] {jdetente} lol
[15:43] {Les} I know ther latter
01[15:43] {Threei}  my favorite is caviar consumtion promotion
[15:43] {nemo} guess not...
[15:44] {cipher} ASPS L .48
[15:46] {dino} having trouble at .60
01[15:47] {Threei} Long Setup:  JPM  50 break hl
01[15:47] {Threei}  just a quick 5-7 cents
01[15:47] {Threei}  or 6 cents stop
01[15:47] {Threei}  or closing bell
01[15:47] {Threei}  whichever of 3 comes first
[15:48] {dino} joining you cipher, ave .50
[15:51] {thomcbell} 50 strike gluing in process on jpm and deck
[15:55] {Les} out asps -.02
[15:55] {Les} don't like em gapy
[15:57] {dino} out asps .47, -.03
01[15:57] {Threei}  ok guys, thank you all
[15:58] {Les} will see everyone in a couple of weeks most likely
01[15:58] {Threei}  have a good weekend, see you monday
[15:58] {Will49} cheers
[15:58] {nemo} no hurry Les
[15:58] {cipher} out asps .49
[15:58] {dino} gn all, thx for ideas
[15:59] {cipher} gn
[15:59] {jdetente} gn all
[15:59] {nemo} lock the door when Les leaves
06[15:59] * Threei points nemo to the bolt
[16:00] {nemo} Can I hit him in the ass on the way out
[16:00] {nemo} ?
01[16:00] {Threei}  what are we, your servants? Close it ourself
01[16:00] {Threei}  yourself
01[16:00] {Threei}  whart are we, your parents? decide who to kick yourself
[16:02] {thomcbell} take it easy all\