Somewhat rough start to the day, then we hit our stride and righted it into profit with a few nicely winning ones in a row, GDX above being one of five.
Session Close: Mon Mar 04 00:36:41 2013
[08:59] {dino} gm
01[09:00] {Threei} dino :)
[09:11] {jdetente} good morning
01[09:11] {Threei} jd :)
[09:11] {nemo} JD?
[09:11] {nemo} oh
[09:11] {nemo} got excited for a minute
[09:12] {Les} bit early even for a pisshead
[09:12] {nemo} it's after lunch in Switzerland
[09:12] {Les} always 5pm somewhere
[09:13] {nemo} yep
[09:21] {scottie} good morning
01[09:21] {Threei} scottie :)
[09:23] {ese} morning
01[09:23] {Threei} ese :)
[09:23] {ese} wasn't able to make it to the board friday........
[09:24] {ese} to busy prepreping for the Union Club 100 anniv celebration on saturday night
[09:24] {dino} your fired
[09:25] {ese} tks
[09:25] {dino} :)
[09:25] {nemo} homonymic issues dino?
[09:25] {Will49} Good morning
[09:25] {ese} it's the wealthy of weathy club here in victoria.......the premier of the province gets an honnary membership
01[09:25] {Threei} FCX... break of .30 on daily looks tempting for short
01[09:25] {Threei} will :)
[09:25] {ese} will
[09:26] {Will49} hi ese
01[09:26] {Threei} really ese?? just bfore dumping her as premier, lol
[09:26] {ese} she was invited but didn't show up
[09:27] {ese} little to much controversy lately
[09:27] {cipher} gm
01[09:27] {Threei} cipher :)
[09:27] {ese} C
01[09:30] {Threei} FB swan dive
[09:31] {ese} as it should be
01[09:31] {Threei} Long Setup: FB .70 break
01[09:31] {Threei} If holds .60
[09:31] {ese} supposedly loosing 5 to 10K accounts a day
[09:32] {thomcbell} looking for long setup bbry
01[09:32] {Threei} not ready yet
01[09:32] {Threei} Short Setup: FCX .30 break
01[09:33] {Threei} If holds .40
[09:35] {cipher} bidu l .23
[09:35] {dptl} gm
01[09:35] {Threei} dp
[09:35] {thomcbell} bbry long setup 13.29 break if holding 13.18
[09:36] {cipher} out bidu -.24
01[09:36] {Threei} FCX stop to .36
01[09:36] {Threei} .25 becomes critical support
01[09:36] {Threei} when lost, 1:2 should be easy
[09:37] {cipher} BIDU L .68
[09:40] {thomcbell} bbry invalidated
[09:41] {cipher} scss l .94
01[09:41] {Threei} Short Setup: SLW .40 break
01[09:42] {Threei} If holds .50
[09:44] {jdetente} stopped FCX
01[09:45] {Threei} Long Setup: JPM 49 break
01[09:45] {Threei} If holds .90
01[09:47] {Threei} grrr
01[09:54] {Threei} Long Setup: FB .80 break
[09:54] {cipher} VRA L .40
01[09:55] {Threei} was it out of bounds print at .91?
[09:56] {jdetente} didn't see it go to .91...
01[09:56] {Threei} neither did I, had sell at .90
01[09:56] {Threei} must be erroneous print
[09:57] {Les} slw
[09:57] {jdetente} frikin FB
01[09:57] {Threei} wtf
01[09:57] {Threei} not delighted
01[09:59] {Threei} SKW short is valid
01[09:59] {Threei} SLW
01[10:00] {Threei} target 1:3
[10:04] {nemo} is the market trading?
01[10:05] {Threei} in a very wierd way
01[10:06] {Threei} as if everyone is afraid to cough
[10:06] {dino} slow
[10:07] {thomcbell} bbry long setup 13.09 break if holding 12.98
[10:07] {Les} banksters weak again as indexes try for higher
01[10:07] {Threei} 1:1
[10:11] {Les} JPM
[10:14] {thomcbell} bbry invalidated
01[10:14] {Threei} Long Setup: CAT .10 break hl
01[10:14] {Threei} If holds 90
01[10:16] {Threei} 1:1
[10:16] {dino} csod partial s .98
01[10:21] {Threei} SLW 1:2
[10:23] {thomcbell} 1 more time b bbry 13.05 break
[10:23] {thomcbell} if holding 12.95
[10:25] {Les} potential db on iwm scalping off tna
[10:25] {cipher} out vra .47 +.07
01[10:26] {Threei} Short Setup: CAT 90 break hl
01[10:26] {Threei} If holds .10
[10:30] {Les} 2 way?
01[10:31] {Threei} can't tell
[10:34] {dino} stop csod -.32
01[10:38] {Threei} Short Setup: GDX .70 break
[10:40] {thomcbell} bbry 1:1
01[10:42] {Threei} one of the wierdest mornings
[10:42] {nemo} o.k. so it's not just me
[10:42] {cipher} and me
[10:42] {cipher} sitting on hands
[10:42] {cipher} notings works
[10:43] {jdetente} we're in bizarro world today
[10:43] {nemo} Well, it is us cipher, it's just that the market is apeing us today
01[10:43] {Threei} where did this spike come from
[10:43] {dino} same here cipher
[10:44] {Will49} wither thou goest
01[10:45] {Threei} a.k.a., Quo vadis
01[10:46] {Threei} die already GDX
[10:46] {Will49} even praying doesn't help this morning
01[10:51] {Threei} stop .76 GDX
[10:52] {thomcbell} flat second half of bbry
[10:53] {thomcbell} 13.05
01[10:54] {Threei} unless it's just a monay morning confusion, this strange market behabios might be just what we qwant - sign of radical change coming
[10:54] {thomcbell} y
01[10:54] {Threei} jeez, typing...
[10:57] {Les} CAT hesitates at the lows
01[10:58] {Threei} 3 cents more, GDX?
01[10:58] {Threei} then lose .60 and die?
01[10:59] {Threei} please?
01[10:59] {Threei} (trying to kill it with kindness)
[10:59] {Les} never been your strong suit
01[10:59] {Threei} no
01[10:59] {Threei} and, if killing with kindness doesn't work, baseball bat is right there
[11:00] {Will49} Vad always speaks kindly of you Les:)
01[11:00] {Threei} once again have to notice, GDX moves in opposite to SPY
01[11:00] {Threei} so does SLW
01[11:00] {Threei} grrr SLW, look at it
01[11:01] {Threei} ok... 1:1 GDX
01[11:01] {Threei} hopefully that's not all it has in the store for us
01[11:02] {Threei} being third win a row, makes morning a bit brighter, but far from the morning of my dreams
[11:02] {Les} .45 is vwap resistance for FAS banksters getting cold shoulder here
01[11:05] {Threei} market spike... time to die, GDX
01[11:07] {Threei} see? market drop kept it from breakdown
01[11:08] {Threei} precious metals are seen as hedge,
01[11:09] {Threei} and miners, represented by GDX, are first to drop
01[11:15] {Threei} good boy
01[11:15] {Threei} do 5 cents more
01[11:16] {Threei} look at GDX daily
[11:16] {Les} ready to vomit sooner or later
01[11:17] {Threei} going 4 years back, no such lows
01[11:17] {Threei} and no support in sight
01[11:22] {Threei} 1:2 baby
01[11:23] {Threei} ok... 1:3 and I am almost happy camper
01[11:23] {Threei} let's say, content camper
01[11:28] {Threei} new low
01[11:30] {Threei} ok, this I gotta share
01[11:30] {Threei} new line of perfume for traders, Spray'n'Profit
01[11:30] {Threei} credit to cc_8
01[11:31] {Threei} no?
01[11:31] {Threei} oh well
[11:32] {Will49} how about spray n pray?
[11:33] {Will49} no?
[11:33] {Will49} oh well
01[11:34] {Threei} tough crowd will
[11:34] {Will49} :)
[11:34] {Will49} all alseep
[11:34] {Will49} asleep
[11:34] {cc_8} lol
[11:35] {Les} nice one on GDX
01[11:35] {Threei} will be in 6 cents
[11:36] {Les} c&h JPM?
01[11:37] {Threei} yes...
01[11:37] {Threei} not sure I want to play it
[11:37] {Les} y
[11:38] {thomcbell} bbry 13.16 break - if holding 13.05
01[11:49] {Threei} GDX...
01[11:50] {Threei} my carefully nurtured baby
01[11:51] {Threei} (IR) Israel PM Netanyahu: Iran has not crossed the red line with its nuclear program, but it keeps getting closer- Neither words nor sanctions will stop Iran, a credible military threat is needed. - Iran is using negotiations to run out the clock.
01[11:51] {Threei} 1:3
[11:51] {Will49} tks Vad out
01[11:52] {Threei} I'll be out with first uptick
01[11:52] {Threei} finger on a trigger
[11:52] {Will49} see why you stayed
01[11:52] {Threei} out .36
01[11:52] {Threei} whew
01[11:52] {Threei} day saver trade
[11:52] {Will49} i can put my straight razor away now:)
01[11:53] {Threei} hehe
[11:53] {jdetente} out .35...awesome trade. day getting more delightful
01[11:53] {Threei} :)
01[11:59] {Threei} visual: http://tradinglog.realitytrader.com/2013/03/march-4-2013.html
[11:59] {thomcbell} IM still long bbry from 13.15 buy stop - but now setup looking better
01[12:01] {Threei} wow GDX... underestimated
01[12:01] {Threei} I guess I was eager to fix the day :)
[12:01] {Will49} greedy, greedy
[12:01] {Will49} :)
01[12:01] {Threei} not greedy enouhg in this instance :)
[12:01] {nemo} fearful fearful fearful
01[12:02] {Threei} goldbugs must be pulling hair out of their heads seeing this move
01[12:04] {Threei} week hasn't started yet and we already have a winner in stupidest comment contest:
01[12:04] {Threei} (EU) Former-ECB chief Trichet: Europe monetary union has been a great success; Europe needs an economic and monetary union.
[12:17] {thomcbell} short setup splk 37.58 break if holding 37.66
01[12:17] {Threei} Short Setup: FB .60 break
01[12:21] {Threei} wtf
01[12:22] {Threei} 1 cent to 1:1
[12:22] {jdetente} what the heck was that..
01[12:23] {Threei} no idea, no news
[12:23] {thomcbell} long setup mbi 10.75 break if holding 10.65
[12:24] {jdetente} I was contemplating taking .51 on that sucker too
01[12:26] {Threei} I am out
01[12:26] {Threei} this is too weird
[12:27] {jdetente} FB does not like us today
[12:28] {nemo} at least I'm consistent
[12:28] {jdetente} lol
[12:28] {nemo} subtle, huh?
[12:30] {dino} vxx l .30
[12:32] {thomcbell} out bbry with tiny profit
[12:32] {dino} out vxx .42, +.12
[12:47] {dino} pamw sm l .40
[12:50] {dino} bidu sm l .95
[12:51] {thomcbell} mbi out balance
[12:51] {thomcbell} 1:5
[12:52] {thomcbell} holy bathroom run
01[12:53] {Threei} lol
01[12:56] {Threei} (EU) ECB said to refute press speculation that indicated the ECB has considered exiting the Troika due to concerns about central bank independence - financial press- An earlier German press story suggested that the ECB was considering separating itself from the Troika structure with the IMF and EC because of worries about political influence in both directions; ECB members are said to be concerned that the Troika may exhibit undue influence on central bank policy, and in turn that the ECB may have increased influence on European politics. -
[12:56] {thomcbell} covering half of splk here flat at 37.59
[12:57] {thomcbell} wow - mbi just hit 1:9
01[12:57] {Threei} I don't see any news on it
01[12:57] {Threei} ahh here it is
01[12:57] {Threei} MBI Said to have defeated lawsuit on 2009 lawsuit regarding restructuring
[12:59] {dino} out panw .69, +.29
[12:59] {thomcbell} better to be lucky than good i suppose vad
01[12:59] {Threei} :)
[13:00] {dino} indeed
[13:04] {thomcbell} 1:18
[13:05] {thomcbell} hehe
01[13:05] {Threei} lol'
[13:05] {jdetente} yowzas
[13:06] {dino} i can't borrow it
01[13:06] {Threei} so far, it has been a good thing, lol
[13:06] {dino} yeah, so far, but...
[13:09] {dino} panw sm l .04
[13:18] {dino} bidu to b/e
[13:21] {dino} out panw .34, +.30
01[13:21] {Threei} Short Setup: SLW .50 break
[13:30] {dino} out bidu .29, +.34
[13:53] {dino} depo
[13:53] {dino} sm s .96
01[13:54] {Threei} wow GDX
[14:00] {dino} depo to .91, thing isn't dropping
[14:01] {dino} stop flat w/slip
[14:15] {Les} wake up vad slw broke trigger
01[14:16] {Threei} yes... yawn...
01[14:16] {Threei} 2-3 hours more, and it may even reach 1:1
01[14:16] {Threei} yes, you heard that right - today!
01[14:22] {Threei} wow
01[14:22] {Threei} maybe even faster
01[14:22] {Threei} I am about to faint
[14:25] {scottie} half out .41 tks Vad
[14:26] {Will49} yes, tks for fainting
01[14:27] {Threei} hah? umm... what happened?
[14:30] {Will49} hey there scottie...where you been?
[14:30] {scottie} hanging around... loosing money... well
[14:31] {Will49} yea..me too. education is expensive eh?
[14:31] {Les} big c and h here on IWM
[14:31] {Will49} but effective
[14:31] {scottie} managed to catch all the loosers, this is my first winner :)
01[14:31] {Threei} wow
01[14:31] {Threei} how... winners were not all that fast
[14:32] {scottie} I know, but took some time off
[14:32] {Will49} scottie. i told you never say that out loud when Vad's around :)
[14:32] {scottie} lol
[14:33] {Will49} he'll take the ruler to us
[14:34] {Will49} any of you younuns know what means?
[14:34] {Will49} young-uns
[14:34] {scottie} I'm not that young, I remember l0l
[14:35] {Will49} :)
01[14:35] {Threei} what ruler... 2x4, and if that doesn't work, nemo comes in play wi'th ak-47
[14:36] {scottie} out +.19 finally tks Vad :)
01[14:36] {Threei} yw :)
[14:36] {Les} last piece here ty vad took some time but the drugs help...
01[14:36] {Threei} I am holding out for 1:3
[14:37] {Will49} tks Vad...getting brighter out there
01[14:37] {Threei} this one made day nicely green
01[14:38] {Threei} 3 before that, with FDX being 1:3er, evened it out
01[14:38] {Threei} GDX
01[14:45] {Threei} 1:2
01[14:45] {Threei} 1:3
01[14:45] {Threei} me out
01[14:45] {Threei} me happy
[14:45] {Will49} wtg Vad
01[14:45] {Threei} ty
01[14:45] {Threei} rough start
01[14:45] {Threei} ironed out perfectly
[14:48] {dino} tgt
[15:00] {dino} strange day...not many set-ups for my edge
01[15:01] {Threei} strange is right
01[15:01] {Threei} only PMs and miners act as I thought they would and in readable manner
01[15:01] {Threei} the rest is groggy
[15:03] {dino} agree. 07 scanners' running gappy, usually smooth
[15:17] {dino} athn drop
[15:19] {dino} sm l .80 wide
01[15:20] {Threei} BBRY, looks sad
[15:20] {dino} no go, stop
[15:26] {nemo} remember what I said about bear lube in the post
[15:26] {nemo} ?
[15:27] {dino} rprx gap fill
[15:27] {jdetente} hahaha
01[15:32] {Threei} Short Setup: BBRY .85 break
[15:33] {scottie} H&S ?
01[15:35] {Threei} smaaaal one :)
[15:37] {Les} can't borrow here
01[15:52] {Threei} stop .86
01[15:55] {Threei} time's pressing
01[15:55] {Threei} 2 min more
01[15:55] {Threei} come on BBRY, a few more cents
[15:56] {scottie} out .78 +.06, patience level 0
01[15:56] {Threei} hehe
01[15:58] {Threei} oh well, saved by the bell
01[15:58] {Threei} thank you all, have a good evening
01[15:58] {Threei} see you tomorrow
[15:58] {scottie} gn all
[15:58] {Will49} Cheers guys
[15:58] {jdetente} Hasta manana
