Wednesday, March 6, 2013

March 6 2013

When you go with main trend, trades are smooth and easy. Silver is still in downtrend, so...


One CAT, two shorts:


Needless to say, it was a very good day, ending with perfect 1:3 short on STT.


Session Time: Wed Mar 06 00:00:00 2013
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
[09:09] {jdetente} Good morning
01[09:09] {Threei}  jd :)
[09:12] {Les} http://www.youtube.com/watch?v=9apA2K1WXuY
01[09:14] {Threei}  http://goo.gl/YQ8GY
[09:14] {Les} :)
[09:14] {nemo} I've created a monster...should never have given bunny raisins
[09:14] {Les} likes the sweet stuff hey
[09:15] {nemo} ow....what, you have that all set up to go?
[09:15] {nemo} yeah, ridiculous
[09:15] {nemo} she's sitting on my chest in the middle of the night looking for them...I mean, addict behavior
[09:16] {nemo} FCX very strong this morning
[09:16] {scottie} good morning
01[09:16] {Threei}  scottie :)
[09:16] {Will49} gm
01[09:17] {Threei}  will :)
[09:19] {Les} BBRY itching for a breakdown
[09:20] {nemo} we'll call Les RFA
[09:21] {Will49} afriad to guess what RFA means
[09:22] {Les} piss off Nemo
[09:23] {nemo} Ready, FIRE!, Aim
[09:26] {cipher} gm
01[09:29] {Threei}  cipher :)
01[09:30] {Threei}  SOHU...
01[09:30] {Threei} Short Setup: GDX  .85 break
01[09:31] {Threei}  If holds  .95
01[09:32] {Threei}  no go
[09:32] {cipher} EBAY L .64
[09:33] {cipher} out +.01
01[09:33] {Threei} Short Setup: SLW  .10 break hl
01[09:34] {Threei}  If holds  .20
01[09:38] {Threei} Short Setup: FCX  .20 break
01[09:38] {Threei}  If holds  .30
01[09:40] {Threei}  1:1
[09:40] {Les} +.13 scalp ty
01[09:40] {Threei}  fast and easy
01[09:40] {Threei}  just as we like them
01[09:41] {Threei} Short Setup: LVS  51 break hl
01[09:41] {Threei}  If holds  .10
[09:42] {cipher} URBN L .96
[09:43] {cipher} HSNI L.73
01[09:43] {Threei}  SLW if triggers is not a scalp
01[09:43] {Threei}  should have more in it
01[09:44] {Threei}  30 is obvious magnet, and most likely won't hold
[09:44] {cipher} IEP L .01
[09:45] {scottie} missed
[09:45] {jdetente} in at .08
01[09:45] {Threei}  1:1
01[09:46] {Threei}  1:2
[09:46] {Les} screwed my approach so took the scalp +.11 ty
01[09:46] {Threei}  yw...
[09:46] {Les} mucho regret
01[09:47] {Threei}  what is it you managed to screw up in such straightforward play?
01[09:47] {Threei}  1:3
01[09:47] {Threei}  (US) Fed's Plosser: Fed cannot commit to holding its assets; latest round of bond buying was a 'bad idea' - comments to reporters- Seeing some signs of some markets becoming unbalanced - Cautious about becoming too specific on tapering of asset purchases - Fiscal policy at the moment is concerning - Sees a bigger risk that the Fed could tighten too late - Would be hard to commit to not selling assets when inflation starts to rise
[09:48] {Les} took aggressive half entry at loss of .15. was prepped for stop not 2nd entry. pressed for sell again with price of .23...
[09:49] {Les} so I guess pays to stick to plan :)
[09:49] {Will49} wisdom of the day
[09:49] {jdetente} out in full. Tks Vad
01[09:50] {Threei}  yw
[09:50] {Les} if you know of any others Will, pass them now please and save me some time
[09:50] {Will49} you da man les
01[09:50] {Threei}  LVS was two-sided, eh?
[09:51] {Les} was DB at .80 legit setup vad?
[09:51] {cipher} UNXL L .32
01[09:52] {Threei}  yes but there was no clear eantry... kind of arbitrary
[09:52] {Les} j
[09:52] {Les} k
[09:52] {Les} vad fingers
[09:52] {cipher} out UNXL .47 +.15
[09:54] {cipher} out HSNI .28 +.55
[09:54] {dino} gj cipher i missed it at 23.75, stupid
01[09:55] {Threei}  wtg
[09:55] {cipher} ty
[09:56] {nemo} dow ripping
[09:59] {cipher} hsni s .39
[10:00] {scottie} GG s .85 ?
01[10:01] {Threei}  chart's right
[10:01] {scottie} but...
[10:02] {dino} tfm sm l .61
01[10:02] {Threei}  just looks to get invalidated
01[10:02] {Threei}  yeah
[10:03] {dino} stop -.30
[10:03] {scottie} ok
[10:06] {jdetente} miners turning back up
01[10:06] {Threei}  PMs too
01[10:06] {Threei}  they really start look like a hedge to SPY
[10:07] {jdetente} And lack of VXX action
01[10:11] {Threei} Long Setup:  CAT  .65 break hl
01[10:11] {Threei}  If holds  .55
[10:12] {cipher} cov hsni .19 +.20
01[10:14] {Threei}  Invalidated
[10:14] {nemo} pay momo today
[10:18] {scottie} CRUS s .40 ?
01[10:19] {Threei}  hl
01[10:19] {Threei} Short Setup: MRK  .10 break
01[10:19] {Threei}  If holds  .20
[10:22] {cipher} SOHU S .62
[10:23] {cipher} cov .39 +.23
[10:24] {cipher} adp l .12
01[10:29] {Threei}  CRUS 1:1
01[10:29] {Threei}  1:2
01[10:29] {Threei}  nice breakdown
[10:30] {nemo} missed that one
[10:30] {dino} tfm sm l .60
[10:30] {cipher} CRUS L .25
[10:30] {scottie} was invalidated before breakdown
01[10:30] {Threei}  hmm? just touched .55
01[10:30] {Threei}  never broke it
[10:30] {cipher} out CRUS .35 +.10
[10:31] {scottie} trigger was at .40
01[10:31] {Threei}  ugh, you are right... why did I have ,45 in my head
[10:31] {nemo} mine's on my desk
[10:31] {scottie} .45 in your head is not good
[10:33] {nemo} fcx not going down with the market
01[10:33] {Threei}  a lot of disconnects
[10:34] {cipher} adp stopped -.02
01[10:34] {Threei}  no go MRK
[10:34] {jdetente} goodbye MRK
[10:36] {dino} out tfm .90 +.30
[10:36] {cipher} biib l .33
[10:40] {ese} morning.....way late......working on scheduling conflicts with one of my band tours
01[10:40] {Threei} Short Setup: GDX  .50 break
01[10:41] {Threei}  ese :)
01[10:41] {Threei}  If holds  .60
[10:43] {Will49} ese...where are your priorities:)
[10:44] {ese} with what happened this morning....................drinking!
[10:44] {cipher} out BIIB .85 +.52
[10:45] {dino} gj
[10:45] {ese} pick the bar will............i'm gonna call in sick at school and i'll see you there at 1:00
[10:45] {Will49} :)
[10:46] {cipher} gdx s .83
[10:47] {cipher} biib s .85
[10:49] {cipher} cov biib .71 +.14
[10:49] {dino} gra
[10:50] {Les} TFM
[10:50] {cipher} gra s .95
[10:51] {cipher} cov .51 +.44
[10:51] {cipher} thx dino
[10:51] {dino} gj sm s gra .60
[10:52] {cipher} cov gdx .90 -.07
[10:53] {cipher} biib l .41
[10:53] {dino} cov gra .17, +.43
[10:54] {cipher} stopped biib .19 -.22
[10:55] {Will49} our gunslingers are getting good action this morning
[10:56] {cipher} syna l .66
[10:56] {Les} potential GDX blow off top coming
[10:57] {Les} daily R3 is .16
[10:57] {nemo} don't think it blows off  think 37.25 area maybe
[10:57] {Les} k
[10:58] {dino} dust choking
01[10:58] {Threei} Short Setup: CAT  .20 break hl
01[10:58] {Threei}  If holds  .30
[11:01] {cipher} SIRO L .33
[11:01] {Les} 37 was it for GDX
01[11:02] {Threei}  1:1
[11:03] {cipher} out syna .75 +.09
[11:03] {cipher} gdx s .85
01[11:04] {Threei}  1:2
[11:04] {patel} out thanks.
01[11:04] {Threei}  yw
[11:04] {Will49} tks Vad
01[11:05] {Threei}  :)
[11:07] {cipher} EVEP DROP
[11:07] {cipher} evep l.65
[11:08] {dino} esv sm l .85
[11:11] {dino} lp's are getting tagged today and yesteray
[11:12] {dino} lstr sm l .15
01[11:13] {Threei}  1:3, my a$$ is out
[11:14] {jdetente} tks Vad.
01[11:14] {Threei}  yw
01[11:16] {Threei}  awww... 1:4
[11:16] {Will49} look away...look away
01[11:18] {Threei}  I don't know where away is
01[11:18] {Threei}  ah, here it is:
01[11:18] {Threei}  http://photography.realitytrader.com/2013/03/dreamy-beaches.html
[11:19] {patel} no girls in bikinis
[11:19] {cipher} lstr l .00
01[11:19] {Threei}  got some... but don't post them there, for wifey looks at it too
[11:20] {Les} thx cipher joined you after the bounce gdx for +.10
01[11:20] {Threei}  oh, and http://photography.realitytrader.com/2013/03/cats-and-turtles.html
[11:20] {Will49} breakwater is hard on the back when sunbathing
01[11:20] {Threei}  lol
[11:20] {Will49} great pics Vad
01[11:20] {Threei}  ty
01[11:21] {Threei}  btw, every time I make new photoblog, automatic e-mail goes to the list of followers... let me know if you want to be on a list
[11:21] {jdetente} yes please
[11:21] {Will49} yes please
[11:21] {Les} you mean you wanna spam  me on FB and email?? :)
01[11:21] {Threei}  if I did, I wouldn't be asking :)
[11:21] {Will49} a liitle art will do you good les
[11:21] {Will49} little
[11:22] {Les} Vad's got me going again in the photography space will
[11:23] {Will49} excellent
[11:25] {dino} lstr stop -.30
[11:25] {cipher} out lstr -.17
[11:26] {nemo} DE interesting
[11:26] {dino} lstr messed w/us back to .99
01[11:27] {Threei}  watching LVS
01[11:27] {Threei}  let's see if we can get it on the usual trick it does midday
01[11:27] {Threei}  .70 break, sharp drop trapping breakout buyers,
01[11:27] {Threei}  and we will try to get it under .60 for bounce
[11:28] {dino} esv stop -.13
[11:29] {thomcbell} I am not following what you are looking to do on LVS Vad
[11:30] {Les} 3 min bb's tightening on DE here. New move coming
[11:30] {cipher} AAWW L .60
01[11:30] {Threei}  false break followed by rinse
01[11:31] {Threei}  I don't want to buy breakout at this time iof the day
01[11:31] {Threei}  instead I want to wait for a rinse,
01[11:31] {Threei}  and when breakout buyers dump theijr shares under .60, I want to try and catch the bottom for bounce scalp
01[11:32] {Threei}  here is breakout
01[11:32] {Threei}  meh, it worked
[11:34] {Les} market was counter thinking your thinking vad
[11:35] {cipher} esv l .61
[11:39] {jdetente} frikin LVS
[11:42] {dino} tcbi s .59
[11:43] {cipher} tcbi s .59
[11:43] {nemo} we
[11:44] {nemo} we'll just call the ciphino
[11:44] {nemo} them
[11:44] {dino} lol
[11:44] {nemo} algo's not giving the gap close today
[11:46] {Les} ty dino esv for .19
[11:47] {dino} yw
[11:47] {cipher} out esv .82 +.21 thx dino
[11:48] {cipher} evep to .80
[11:48] {dino} lstr sm l .04 ave
[11:48] {nemo} that looks like going above 58
01[11:48] {Threei} Short Setup: CAT  .80 break
01[11:48] {Threei}  If holds  .90
[11:50] {cipher} hoping that evep will get short squeeze
[11:51] {cipher} lstr l .08 tlast try
01[11:53] {Threei}  stop .86
[11:54] {cipher} out lstr -.08
[11:54] {cipher} evep to .53
[11:55] {cipher} target .30
[11:57] {dino} cov tcbi .38, +.21
01[11:58] {Threei}  1:1
[11:58] {dino} esv to .88
[12:00] {dino} stop lstr .97 -.07
[12:00] {dino} out esv +.28
[12:01] {Les} i could kiss you vad
01[12:01] {Threei}  1:2
01[12:01] {Threei}  ummm... handshake?
[12:01] {Les} gangham style
[12:01] {dino} brb
[12:02] {Will49} out tks Vad
01[12:02] {Threei}  :)
[12:03] {cipher} CBRL L.12
[12:09] {Les} looks like market addicts need another fed injection
01[12:10] {Threei}  since next fed chairman is yellen, it's forthcoming
01[12:15] {Threei}  why does my trading log gets hits from the site buyclassybags.com?
01[12:15] {Threei}  are you guys talking about purses when I am not looking?
[12:16] {dino} wpz
[12:16] {Les} I'm a longchamp man myself
[12:25] {dino} esv?
01[12:27] {Threei}  no news
[12:27] {dino} ex div is all i see
[12:27] {dino} sm l .50 trig
01[12:27] {Threei}  yeah but that's Feb 26
[12:28] {Les} bullish divergence buiding here on ESV
[12:28] {thomcbell} now lets wait for a setup
[12:34] {Les} IWM db?
[12:34] {dino} mgln
[12:36] {dino} missed it
01[12:40] {Threei}  visual: http://goo.gl/yAQIv
[12:42] {Will49} keeper
[12:43] {Les} DB worked for a TNA scalp on paper +.25
[12:48] {cipher} ftnt l .14
[12:54] {dino} jci
01[12:54] {Threei}  JCI Said to be evaluating the sale of its auto interior segment - financial press -
[12:59] {cipher} out ftnt .21 +.07
[13:03] {cipher} arii l .27
[13:11] {dino} jci sm s .70
[13:14] {dino} stop -.31
[13:21] {dino} jci sm s .35
[13:22] {thomcbell} esv nice
[13:23] {dino} indeed
[13:27] {dino} bidu drop
[13:28] {Les} +.34 on JCI ty dino
[13:28] {Les} paper trade
[13:28] {dino} gj
[13:32] {cipher} bidu l .72
[13:32] {cipher} out .88
[13:32] {cipher} thx dino
[13:32] {dino} np, gj
[13:32] {dino} any chance it searches out vwap?
[13:33] {cipher} looks weak
[13:33] {dino} jci i mean
[13:34] {nemo} has to get below .80 first
[13:34] {nemo} then .30
[13:34] {dino} .85 tough area so far
[13:34] {dino} out esv .79, +.29
[13:37] {cipher} QCOR DROP
[13:37] {cipher} qcor l.81
[13:37] {Les} rebuilding my account with Vad and trading Dino on paper for a few months. trade structure on Dino setups much clearer now
[13:37] {Les} cipher on the hand scares me
[13:37] {nemo} APC look volume over 20 minutes
[13:37] {dino} cipher is fast
[13:40] {cipher} I play slower stocks as well
[13:40] {nemo} when?
[13:40] {cipher} but of course prefer fast ones
[13:41] {nemo} cipher speak with forked tongue
[13:41] {dino} you must be younger than i cipher
[13:41] {cipher} out qcor .09 +.28
[13:41] {dino} gj
[13:41] {cipher} not by much
[13:41] {cipher} ty
[13:44] {cipher} arii to .47
[13:49] {cipher} out arii .45 +.18
[14:01] {cipher} AMZN L .00
[14:02] {dino} cov jci .74, +61
[14:02] {dino} .61
[14:07] {cipher} out amzn .18 +.18
[14:07] {dino} gj
[14:08] {cipher} ty
[14:10] {cipher} life s .83
[14:10] {cipher} cov .70 +.13
[14:13] {cipher} life l .36
[14:16] {cipher} out .49
[14:20] {Les} fcx
[14:31] {nemo} wtf...dell
[14:33] {cipher} amzn l .16
[14:37] {cipher} out .44 +.28
[14:43] {dino} aegr
[14:47] {nemo} they're gonna' run this thing
01[14:50] {Threei}  Dell Inc Carl Icahn is said to built a 6% stake and to have urged the board's special committee to pursue a leveraged recapitalization - CNBC's Faber- Icahn stake of around 6% would be over 100M shares; may be filing his 13D disclosure shortly.
[14:56] {jdetente} these slow grind up days...on verge of passing out from boredom.
[14:56] {nemo} at least you don't have to talk to Les
[14:57] {jdetente} I don't want to become an afternoon drinker like some people here...
[14:57] {nemo} That's rather offensive....
[14:57] {nemo} I start in the morning
01[14:57] {Threei}  you mean you want to remain a morning drinker?
[14:58] {jdetente} drinking is best first part and last part of the day
[14:58] {jdetente} the afternoon though...a bit depressing hehe
[14:59] {cipher} life l .28
[15:02] {Les} out +.13 Nemo thanks
[15:02] {cipher} aegr s .87
[15:02] {nemo} Oh, you're very welcome Les
06[15:03] * nemo {=polite
[15:04] {Les} sickly sweet insincerity comes across loud and clear with Nemo, even on the net
01[15:06] {Threei}  oh come on, could have been much worse... he could say "my pleasure, to serve you is first thought I wake up with every morning, you make my day by acknowldeging my modest effort"
[15:06] {Will49} ha
[15:06] {dino} vips
01[15:06] {Threei}  and that would drip with sarcasm so thick, internet would stop funstioning for a day
[15:09] {cipher} vips wow
[15:10] {cipher} out life -.11
[15:12] {cipher} cov aegr .74 +.13
[15:12] {dino} gj, its tough to get out of
[15:13] {cipher} ty
[15:15] {cipher} vips drop again
01[15:15] {Threei} Short Setup: STT  59 break
01[15:15] {Threei}  If holds  .10
[15:16] {cipher} vips l .74
[15:17] {dino} cov aegr +.06, ting too jumpy
[15:20] {cipher} disca l .50
[15:20] {dino} dust sm l .28
[15:27] {cipher} out disca -.06
[15:29] {dino} dust stop -.26
01[15:34] {Threei}  1:1
[15:35] {cipher} disca l.00
01[15:39] {Threei}  1:2
[15:40] {patel} out at .77 thanks VAD
[15:40] {patel} VAD for president
[15:40] {Will49} out tkd Vad
[15:40] {cipher} out disca .28 +.28
[15:40] {Will49} tks
01[15:40] {Threei}  yw guys
[15:40] {jdetente} dittoditto Vad. Ty!
01[15:40] {Threei}  :)
[15:41] {Les} http://www.youtube.com/watch?v=zM9zMQ179CM
[15:41] {Les} greed yhere
[15:42] {Will49} good call Vad...good day!
[15:43] {jdetente} yupypu closing the day strong
[15:44] {jdetente} *yup
[15:44] {thomcbell} long setup deck 48.89 break if holding 48.76
01[15:44] {Threei}  1:3
[15:44] {Les} vwaps are failing
01[15:44] {Threei}  over and out
[15:45] {cipher} fngn l.53
[15:47] {thomcbell} invalidated
[15:48] {Les} cover .70 nice scalp ty sir
[15:48] {Les} outta here need my beauty sleep
[15:48] {Les} ty all for great setups great day it was
01[15:50] {Threei}  yw
[15:50] {Will49} aahhhh, les didn't see you say yw
01[15:51] {Threei}  oh well
[15:51] {Will49} we shouldn't bully Les
01[15:51] {Threei}  I will send him e-mail
01[15:51] {Threei}  saying "yw"
[15:51] {Will49} :)
01[15:51] {Threei}  or will greet him by these letters tomorrow
[15:51] {nemo} Will, go to your room
[15:51] {Will49} LOL
[15:53] {jdetente} alright fellas good day. Thanks for the trades Vad.
[15:53] {Will49} Cheers guys...tks Vad -take the rest of the day off
[15:54] {Will49} see....I'm waiting to see if Vad laughs
[15:54] {dino} gn all, thx for ideas
[15:55] {Will49} gn dino
[15:55] {patel} GDX i came with 14 dollars net profit
01[15:55] {Threei}  thank you all, have a good evening
[16:01] {cipher} out fngn .70 +.17