Monday, April 22, 2013

Apr 22 2013

Internet service provider dropped us for a few minutes and then lost connection to Google services for a few hours, so the log is coming with some delay. Sorry about that, out of our control.

Beautiful start to the day with 7 wins out of 8 calls. One great trade got away as it never gave us a pullback for entry. Chart is educational anyway, look at this classic C&H followed by explosion

Session Time: Mon Apr 22 00:00:00 2013
[08:40] {patel} GM
01[08:50] {Threei}  patel :)
[08:51] {cipher} gm
01[08:52] {Threei}  cipher :)
[09:06] {dino} gm
01[09:06] {Threei}  dino :)
[09:06] {thomcbell} gm all 
01[09:07] {Threei}  tbell :)
[09:08] {Les} morning or afternoon, depending on your worldy location
[09:09] {Les} or good night for Vad. Is there sunlight there yet?
[09:09] {jdetente} gm
01[09:09] {Threei}  it's 6:10 am... of course there is sunlight
01[09:09] {Threei}  jd :)
[09:09] {backman} gm
01[09:09] {Threei}  bman :)
[09:14] {Les} wasn't sure if it was 6 or 5:30 your way
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:19] {ese} GOOD MORNING VIETNAM!!!! errr I mean.....ahhhhhh back from Denmark
01[09:19] {Threei}  ese, welcome back
[09:19] {Will49} welcome back
01[09:19] {Threei}  how was the trip?
[09:19] {ese} hey vad will
01[09:19] {Threei}  what exactly is rotten over there?
[09:19] {ese} fabulous
[09:19] {ese} nothing
[09:20] {ese} 4th time being there and have loved it everytime
01[09:20] {Threei}  hmmm... frikin Shakespeare... fooled us
[09:21] {ese} yup.........went to that castle Kronborg......although he calls it Eisinore or something in the book
[09:21] {stevw} is that the one that sank into the swamp?
[09:22] {ese} hmmmmmm ...don't think so
[09:22] {ese} ain't no swamp there
[09:22] {stevw} oh right, that was python, not shakespeare:s
[09:22] {ese} beautiful view of Sweden accross the straight
[09:23] {dino} welcome back ese
[09:23] {ese} strait
01[09:23] {Threei}  morning stev, welcome to the room
[09:23] {ese} tks dino............everyone filthy stinking rich yet
[09:23] {stevw} thank you, a pleasure to join you!
[09:23] {ese} nice to meet you stev
01[09:23] {Threei}  even nemo??
[09:24] {ese} lets not go too far eh
[09:24] {nemo} Vad, no piling on, it's bad enough I have to adjust to ese being back...
[09:24] {ese} ok ....let me see do we do this........whats a quote.......and ahhhh wha a bid and ask........
01[09:24] {Threei}  sorry
01[09:25] {Threei}  refresher ese:
[09:25] {ese} lol
01[09:25] {Threei}  you click one button (just pick which one randomly), close your eyes, count to 5, open them, click another
[09:25] {nemo} remeber ese, don't use stops, just let it ride
01[09:25] {Threei}  look whether it was a profit or loss,
01[09:25] {Threei}  move to the next trade
[09:26] {ese} am here for a couple of more days and then am off to Memphis for 8
[09:26] {ese} ya tks nemo
[09:26] {backman} 3i,love these quick reviews....confrims evrerythign ive been doing:=)
[09:26] {ese} with friends like that............who needs ......well you know how it goes
01[09:26] {Threei}  some suggest not open your eyes between clicks, but I disagree
[09:27] {ese} lol
[09:27] {Alexs} gm
01[09:27] {Threei}  alex :)
[09:27] {ese} someone else new on the board..........welcome Alex
01[09:27] {Threei}  no clear opening candidate, let's wait a few min to see what transpires
[09:28] {ese} only away for a week.......
[09:28] {Will49} we right wingers had a ball in your absence
[09:29] {Will49} hockey term
01[09:29] {Threei}  and if it was "balls," it would be a pool reference?
[09:29] {dino} cat, hmm, bad report and up
[09:30] {Will49} :) Vad
[09:30] {Les} watching C as it drops back to lows of last week. important support
01[09:31] {Threei} Short Setup: BP  .90 break
01[09:33] {Threei}  Invalidated  
01[09:34] {Threei} Short Setup: GDX  .20 break
01[09:34] {Threei}  If holds  .30 
01[09:34] {Threei}  1:1
01[09:36] {Threei}  nice smakdown C
[09:38] {Will49} winning start..tks Vad
01[09:38] {Threei}  had bigger potential...
01[09:38] {Threei}  market had to drop suddenly
[09:38] {Will49} next time
01[09:39] {Threei}  and GDX is still acts as a hedge
[09:39] {dino} cat sm s .47
01[09:39] {Threei} Short Setup: SLW  24 break
01[09:39] {Threei}  If holds  .10 
[09:39] {thomcbell} gdx day high 
01[09:41] {Threei}  SPY should bounce here a bit
[09:41] {dino} cov cat .17, +.30
[09:42] {Les} wow C, short into bounce might be profitable
01[09:42] {Threei}  yeah, on watch
01[09:42] {Threei}  and SLW just has to be 1:2
[09:43] {cipher} xone l .99
[09:43] {cipher} lrcx l .15
01[09:43] {Threei}  I mean, look in its eyes... obviously ill
[09:44] {ese} L akam.52
01[09:44] {Threei}  1:1
[09:44] {cc_9} TNA what a lovely snapback
01[09:44] {Threei}  [09:41] {Threei} SPY should bounce here a bit
01[09:45] {Threei}  TNA obeyed
[09:45] {cc_9} Russell took a bigger beating than the rest
[09:45] {Les} here's C bounce back
[09:45] {ese} stop to break even
01[09:45] {Threei} Short Setup: C  56 break
01[09:46] {Threei}  45
[09:46] {ese} sucre blu.......damn stopped akam .52 +/-.00
[09:47] {ese} rats loosing my touch....had .16 in my hands
01[09:47] {Threei}  stop .07 C
01[09:47] {Threei}  SLW 1:2
01[09:47] {Threei}  that's better
01[09:49] {Threei}  C 1:1
[09:50] {thomcbell} short setup hig 26.50 break if holding 26.60
[09:51] {dino} elli sm l .60
[09:52] {dino} c sm l .90
01[09:54] {Threei}  SLW 1:3, out
[09:55] {Les} interesting to be trading the inverse of someone else in the room, yet not feel threatened by it
[09:55] {Les} 15:53] {dino} c sm l .90
01[09:56] {Threei}  why not, this is at the 1:1 of our entry
[09:56] {thomcbell} covering half hig 26.44
[09:56] {thomcbell} stop to break even 
01[09:56] {Threei}  our risk is covered,
01[09:56] {Threei}  our stop is at 45 break,
[09:56] {dino} lots of ways to trae les
[09:56] {Les} yer right of course
01[09:56] {Threei}  which kills the balance of our trades and adds fuekl to dino's trade
[09:56] {thomcbell} hig 1:1
[09:57] {dino} you gys need to cover and push it up for me
[09:57] {Les} but Dino doing that would have me jumping ship or changing sides, today I just shrugged
01[09:57] {Threei}  and if you ask what fuekl is, you need the Treeiihs-English dictionary
[09:57] {Les} I smell another book sale coming
01[09:57] {Threei}  we will at 45 break dino
[09:58] {dino} "shrugged" i like that, as in atlas
01[09:58] {Threei}  L)
01[09:58] {Threei}  grrr
01[09:58] {Threei}  :)
01[09:58] {Threei}  it's official: my typing hits new low today
01[09:58] {Threei}  and you thought it was a rock bottom
01[09:58] {Threei}  there you go
01[09:59] {Threei}  SLW... knew it was really sick
01[09:59] {Threei}  *(EU) EURO ZONE APR ADVANCED CONSUMER CONFIDENCE: -22.3 V -24.0E
01[10:00] {Threei}  hmmm... that's an improvement I guess
[10:00] {Les} gold advancing without silver is risk off
01[10:00] {Threei}  *(US) MAR EXISTING HOME SALES: 4.92M V 5.00ME
01[10:02] {Threei}  frikin C
01[10:02] {Threei}  rinsed second half
[10:02] {Les} yeh vwap was .05 traders said no
[10:02] {Les} .03
01[10:02] {Threei}  it's just housing news, Les
[10:02] {Les} no to bidding C higher. dunno about the news
01[10:02] {Threei}  disappointing, and came up right when it hit that high
[10:03] {nemo} msft
[10:03] {jfjf64} mornin
[10:03] {Les} oh ok
01[10:03] {Threei}  jf :)
01[10:03] {Threei}  slept through a good morning
[10:03] {jfjf64} comp prob
[10:03] {ese} i'm likin msft nemo......been watchin it most of the morning
[10:03] {Les} MSFT squeeze on what news?
01[10:04] {Threei}  MSFT Valueact to announce $2B stake in Microsoft - CNBC's Faber
01[10:05] {Threei}  ese, you are jetlagged still or what... look, jf is back
[10:06] {jfjf64} mornin ese
01[10:06] {Threei}  SLW 1:4...
[10:06] {jfjf64} 1;4
[10:06] {jfjf64} im jetlagged
01[10:06] {Threei}  lol
01[10:06] {Threei}  we cobvered at 1:3 though
[10:08] {cc_9} TNA starter .81
[10:09] {dino} out elli flat
[10:10] {thomcbell} hig 1:2
[10:10] {thomcbell} flat
[10:11] {Les} sm short slw .58 stop at fridays closing
01[10:12] {Threei}  hmmm
01[10:12] {Threei}  feels a bit overstretched, and due to a bounce
[10:13] {Les} gonna bounce with the indexes?
01[10:13] {Threei}  just a snapback
01[10:14] {Threei}  I wouldn't pklay it long, but snapback potential is enough to keep me from shorting it here
01[10:14] {Threei}  watch CAT for possibler db
[10:14] {cc_9} Need VXX under 28.70. Back to highs here
01[10:15] {Threei}  crap, it's like I have swimming fins of a wrong sixe on my hands on today
01[10:15] {Threei} Long Setup:  CAT  .50 break hl
01[10:15] {Threei}  If holds  .40 
[10:15] {cc_9} Russell lagging behind big time
01[10:16] {Threei}  1:1
01[10:16] {Threei}  should be 1:3er
01[10:16] {Threei}  1:2
[10:17] {dino} tol sm l .10 stop lod
01[10:17] {Threei}  1:3, out
[10:18] {Will49} tks Vad...nice one
01[10:18] {Threei}  yw
01[10:18] {Threei}  jf, that was for you, to compensate for missed morning
[10:19] {jfjf64} ty pal
01[10:19] {Threei}  always
01[10:20] {Threei}  strange divergence between GLD and SLW
[10:20] {Les} slv?
01[10:21] {Threei}  ok... between SLV and SLW too
01[10:21] {Threei}  I just don't like trading SLV
01[10:21] {Threei}  and SLW was always a good proxy
[10:21] {Les} oh ok
[10:23] {dino} c stop -.26
[10:23] {nemo} pay
[10:25] {Les} CAT short of .40?
[10:25] {Les} cup and hanlde or head and shozlders
01[10:25] {Threei}  can't tell
[10:25] {Les} inverse c&h
01[10:26] {Threei}  something is off
01[10:26] {Threei}  can't quite put my finger on it
[10:26] {Les} that I guess. sudden drop into support
[10:27] {Les} C's a dirty prick
[10:27] {nemo} gave ya' the strap-on huh?
[10:28] {Les} nah had the direciton but squeezed bugger all out ofit
[10:28] {cc_9} Russell (IWM) taking the lead now, SPY lagging.
[10:28] {cc_9} Finally!
[10:28] {Les} IWM 15 mins way out of bb's bounce back only natural
[10:29] {Les} banksters overextended too
01[10:30] {Threei} Short Setup: COH  .40 break hl
01[10:30] {Threei}  If holds  .50 
01[10:31] {Threei}  Invalidated  
[10:31] {Les} CAT death
01[10:34] {Threei} Short Setup: LVS  53 break
01[10:34] {Threei}  If holds  .10 
[10:36] {dino} c sm l .57
01[10:36] {Threei}  1:1
01[10:38] {Threei}  that's all? oh well
[10:38] {thomcbell} dont see a setup but fb looks like shinook move coming 
[10:38] {Les} shinook?
[10:38] {Les} spike?
[10:38] {thomcbell} salmon moving against current
[10:39] {Les} SLW seeking retest of lows
[10:39] {dino} elli sm l .72
[10:41] {Les} k
[10:42] {Les} aggressive entry on GLD for .50 break?
01[10:43] {Threei}  yes, hl
01[10:43] {Threei}  .40 break
01[10:43] {Threei}  with stop under .30
01[10:43] {Threei}  liking an idea
[10:44] {cc_9} TNA =D
[10:44] {cc_9} finally.
[10:44] {ese} L fig sm .05
[10:45] {ese} what the fig eh?
01[10:45] {Threei}  1:1
01[10:45] {Threei}  and has at least 1:3 potential
01[10:45] {Threei}  really ese... lol
[10:45] {ese} lol
01[10:46] {Threei}  1:2
01[10:46] {Threei}  that was really good strcture for the play Les
01[10:46] {Threei}  1:3, my a$$ is out
[10:47] {Will49} good call Les
[10:47] {Les} half rationalised half intuition, given SLW is on screen at same time and looking like a dog
[10:48] {Les} difficult to ignore the attempt to break .50 at 10:38
01[10:49] {Threei}  you can view it as a min-C&H, with aggressive entry
01[10:49] {Threei}  mini
[10:49] {Les} was gonna call it but thought no too small
[10:49] {Les} gonna ask about it
01[10:49] {Threei}  a bit, yeah, that's why mini
[10:50] {Les} had to ignore my indicators for that one ;)
01[10:50] {Threei}  anyway, we are what, 6 for 6?
[10:50] {Will49} :)
01[10:50] {Threei}  Les, let me offer you an experiment
01[10:51] {Threei}  just do it for a week, andf it will do wonders for your trading
01[10:51] {Threei}  starting tomorrow
01[10:51] {Threei}  eliminate everything from your charts
01[10:51] {Threei}  leave price and volume, period
01[10:51] {Threei}  not even those few I use
[10:51] {Les} uh can I keep my bb's?
01[10:52] {Threei}  in a week
[10:52] {Les} hmmmm
01[10:52] {Threei}  4 days with nothing
[10:52] {cc_9} TNA, all out here, sweet trade.
[10:52] {nemo} vodka?
[10:52] {Les} done
[10:52] {Les} feel naked
01[10:52] {Threei}  1 min candlestick chart, daily chart, volume
01[10:52] {Threei}  right, you will
01[10:53] {Threei}  and it will force you in using minimalist setup,
01[10:53] {Threei}  and minmalist setup gives you incredible clarity
01[10:53] {Threei}  Your brain searches for patterns,
01[10:53] {Threei}  it will have to finsd them in merely price and volume
01[10:53] {Threei}  you will be amazed what it sees
01[10:54] {Threei}  and how liberating it is
01[10:54] {Threei}  Next Monday, add BBs back
[10:54] {thomcbell} i got a lot of setups out of the reversal section in the course so far today 
01[10:54] {Threei}  maybe MA
[10:54] {nemo} vodka?
01[10:54] {Threei}  111 Trades you mean, tbell?
[10:55] {cc_9} Vad speaks the truth, simplicity is key when you are trading based on charts.
01[10:55] {Threei}  nemo, stop asking... it goes without saying
[10:55] {thomcbell} yes - been doing continual reviewing 
[10:55] {thomcbell} VERY HELPFUL esp. on day like today 
01[10:55] {Threei}  :)
01[10:56] {Threei}
[10:58] {dino} asr smr l .05
[10:59] {backman} Les, I will be trading over your shoulder....:=)
[10:59] {Les} one thing is clear, I know need to identify candlesticks
[11:00] {Les} now
01[11:00] {Threei}  as in japanese formations?
[11:00] {backman} your wife will thank u for them 
[11:00] {Les} yeh
01[11:00] {Threei}  nah, don't overcomplicate it, keep it to the simplest level
01[11:01] {Threei}  doji, star
[11:01] {Les} no, just individual
[11:01] {Les} yeh
01[11:01] {Threei}  grab an MPP
[11:01] {jfjf64} has
01[11:01] {Threei}  they are all in there'
[11:01] {Les} heaven forbid I couldn't identifly formations
[11:01] {jfjf64} short ??
01[11:01] {Threei}  not sure jf...
[11:02] {Les} damn MSFT has stopped squeezing
[11:02] {Les} forgot 31
[11:03] {thomcbell} short setup hig 26.43 break if holding 26.50
[11:04] {Les} slw .75 short?
[11:05] {Les} GDX seems better defined as seutp but this could be just jellyfish action. can't tell...
[11:05] {Les} feel naked
01[11:05] {Threei}  trim your activity dow why your brain adjusts
01[11:06] {Threei}  swicth to paper, see how it works
01[11:06] {Threei}  why = while
[11:06] {Les} aaagh this is a conspiracy to get me to shut up
[11:06] {Les} now I see it
[11:07] {Les} p&v limits me to your setups
[11:07] {Les} or perhaps restrains me...
01[11:07] {Threei}  well, yes but it doeas one more thing, most important
[11:07] {Les} pattern visual recognistion?
01[11:07] {Threei}  it makes you start seeing only clearest of the setups
[11:08] {Les} hmmm
[11:08] {Les} k
01[11:08] {Threei}  filter out marginal ones
01[11:08] {Threei}  see, the trade should scream at you
01[11:08] {Threei}  when it says, :hey, I might be there" - shrug and walk by
01[11:08] {Threei}  when it screams "Oh Les, take me, take me..."
[11:09] {Les} not a frikin word nemo
01[11:09] {Threei}  lol
01[11:09] {Threei}  recall again that GLD setup
01[11:09] {Threei}  not even setup itself, but how you felt when saw it
01[11:10] {Threei}  intuitive feel that it's a really good one
[11:10] {nemo} ?
01[11:10] {Threei}  now look at both SLW and GDX
01[11:11] {Threei}  do they have this drive, this feel of imminent resolution coming?
[11:11] {Les} nooooope
01[11:11] {Threei}  they are like a jellyfish hanging from a flagpole in windless afternoon
[11:11] {dino} actg
01[11:12] {Threei}  and here is a kicker:
01[11:12] {Threei}  no indicator will show you that
[11:12] {stevw} BBRY looking interesting at 13.85?
01[11:12] {Threei}  you get to feel these things when you listen the original market language
[11:12] {jfjf64} price/vol
[11:12] {nemo}  {&Threei}  they are like a jellyfish hanging from a flagpole in windless afternoon
01[11:12] {Threei}  BBRY, looked at it a few times today
01[11:13] {Threei}  formally, setup is here
[11:13] {nemo} mmmm...something tells me Les can identify with that analogy
01[11:13] {Threei}  but activity is very low on it
[11:13] {Will49} LOL
01[11:13] {Threei}  narrow, no pace, no volume
01[11:13] {Threei}  I am afraid this one will hold us hostage for two hours
[11:13] {dino} actg sm s .80 break
01[11:14] {Threei}  stay with these naked charts Les
[11:14] {stevw} being held hostage for hours is certainly consistent with my last week's trading!
01[11:14] {Threei}  hehe
[11:14] {nemo} it's also consistent with Les' marriage
[11:14] {Les} oh that is just so naughty nemo
[11:14] {Les} no shame
01[11:14] {Threei}  week later, you won't believe how much difference it makes
[11:14] {Will49} hit a nerve there nemo
[11:16] {stevw} i've been trading tsx stocks only so far, and the days have started active, then gone dead
01[11:16] {Threei}  that usually happens on market positive days
[11:16] {Les} RIG .40 short if holding .50?
01[11:16] {Threei}  selling days are more active
[11:16] {stevw} aaah
[11:17] {Les} ACTG 23 short?
01[11:17] {Threei}  man... I haven';t had time to look at one stock, and I already have no time to look at another
01[11:17] {Threei}  RIG, no
[11:17] {Les} ACTG has gone
[11:18] {dino} yes les
[11:21] {Les} MSFT .80 interesting
[11:22] {dino} out tol .40, +.30
[11:25] {Les} cover ACTG +.30 ty dino
[11:26] {Les} MSFT  .80 short?
01[11:28] {Threei}  charts right, just don't expect it to be fast
[11:28] {Les} dam wall to be broken at .80
[11:28] {nemo} weird Monday slowing into lunch
[11:28] {Les} could be quick drop into support
[11:29] {nemo} if it can't get above vwap, then short it, but I'd watch it for awhile
[11:29] {Les} lol I have no indicators Nemo
[11:29] {Les} where's vwap?
[11:29] {nemo} oh 30.88
[11:30] {Les} will keep it small then already a good day
[11:32] {thomcbell} flattening hig 26.40 basically flat 
[11:32] {Les} yep
[11:32] {backman} ss GILD .67
[11:32] {Les} flood gate opened
[11:33] {nemo} geez Les, you're giving me so much material today
[11:33] {Les} practise yer mushin
[11:34] {nemo} I would say I've operated out of mushin quite well today
01[11:34] {Threei}  wow... that was fast for a MSFT usual manner of moving
[11:34] {dino} our asr 127.15, +2.10
[11:34] {Les} squeeze to help someone offload here I wonder
[11:35] {dino} ahh, c'mon
[11:35] {Will49} sweet dino
01[11:35] {Threei}  wtg
[11:35] {dino} thx
[11:35] {backman} out -.10
[11:35] {Les} bman. jellyfish fluttering in the wind and all that...
[11:36] {backman} need to find my stoopid stik
[11:37] {dino} les, actg stuck, tighten to b/e
[11:37] {nemo} hey backman, found out a friend of mine's sister got her leg blown off at the marathon
[11:37] {Les} [17:26] {Les} cover ACTG +.30 ty dino
[11:38] {dino} bummer nemo
[11:38] {nemo} yeah, she was there with her 2 year old daughter
[11:38] {dino} gj
[11:38] {nemo} guess she's o.k.
[11:38] {Les} 2year old ok?
[11:38] {nemo} yeah, he didn't mention anything about her
[11:39] {ese} out fig .16 +.11   good enough
[11:40] {Les} an age when mingling in large crowds is not a good idea
[11:40] {Les} at least in the US
[11:40] {backman} sry to hear that....made a donatoin to BostonOne fund yesterday
[11:40] {nemo} I've been staying away from large crowds for about 20 years now
[11:40] {Les} yeh army taught me that
[11:40] {dino} out elli .02, +.30
01[11:41] {Threei}  be honest nemo... large crowds just don't want to accept you
[11:41] {dino} cov actg flat
[11:41] {nemo} match made in heaven then Vad
[11:41] {stevw} took my eyes of BBRY for 10 minutes and bam
[11:42] {stevw} missed the entry
[11:42] {Les} heh it woke up
[11:42] {dino} got greedy actg, had .30
01[11:42] {Threei}  that was news-caused move stev
01[11:43] {Threei}  BlackBerry Ticks higher on chatter that a strategic investor may be building a stake- Third Point (Loeb) rumored to be building a stake in BBRY.
[11:43] {stevw} volume backed off quickly
01[11:44] {Threei}  if not for this headline, this thing would have sat in the range for hours
01[11:44] {Threei}  even with it, it's anemic
[11:45] {Les} BBY somethign to keep an eye on around here. consolidating in daily around 23
[11:45] {dino} c to .77 mkt drop
[11:46] {Les} SLW returns to intraday low
01[11:46] {Threei}  Trading Subdued Ahead of a Busy Earnings Week
[11:46] {dino} ?120 pt dji range
[11:47] {Les} SPY bouncing of friday close here
01[11:47] {Threei}  I guess against last week moves it's subdued :)
[11:47] {Les} off to a pyjama party. c u's for close
01[11:51] {Threei}  17% Rate U.S. #Economy As Good or Excellent
01[11:52] {Threei}  this % of imbeciles is incredibly elusive number... I continue missing the estimates
01[11:55] {Threei}  I am losing my touch
01[11:55] {Threei}  blog post for goldbugs, 24 hours later - just 6 hate mails??
01[11:55] {Threei}  man...
01[11:55] {Threei}
01[12:05] {Threei}  watching CAT for pullback entry
[12:07] {dino} c to .87, brb
01[12:08] {Threei}  no pullback to speak of
[12:10] {cc_9} TNA, whoa, talk about a comeback :)
01[12:17] {Threei}  frikin CAT
01[12:17] {Threei}  left us on the platform
[12:22] {dino} out c .87, +.30
01[12:22] {Threei}  wtg
01[12:22] {Threei}
[12:23] {dino} ty
[12:38] {ese} gotta go...cya tomorrow
[12:41] {backman} what just happened...everything i was watching just went green
01[12:43] {Threei}  take care ese
01[12:44] {Threei}  no news bman, just that annoying slow creep-up, with some spikes
[12:44] {backman} thnx
01[12:44] {Threei}  hate it... no trades
01[12:44] {Threei}  look at CAT
[12:45] {backman} yes...scalped it below 82 earlier to short side.....glad i wasnt attached:=)
01[12:45] {Threei}  next time I see this C&H on it while market establishes this climb, I issue alert: buy CAT and faint for an hour
[12:46] {backman} r you referring to 1130 or 1230...seems like they were both there
01[12:47] {Threei}  12:06 break
01[12:47] {Threei}  [12:05] {Threei} watching CAT for pullback entry
[12:48] {backman} gotcha...thax
01[12:48] {Threei}
[12:53] {dino} horrible report and cat rocks, wow
[12:54] {cc_9} Anyone watching ACAD on 60min/daily ?
[12:54] {dino} wed gap fill
[12:57] {dino} acad, some kind of fda news cc9
[13:02] {backman} scalped ACAD ss a little earlier....happy to be long gone
[13:06] {thomcbell} cat lord god
[13:15] {dino} osis
[13:21] {dino} sm l ave .46
[13:24] {dino} wtf, stop
01[13:28] {Threei} Short Setup: GLD  .50 break hl
01[13:28] {Threei}  If holds  .60 
[13:28] {nemo} how dare you short gold!!!
01[13:28] {Threei}  sorry
01[13:29] {Threei}  if I am wrong, trading gods will punish me with stop
[13:32] {Will49} not available
01[13:34] {Threei}  gods say it's wrong
06[13:34] * Threei pours ashes on his head and swears off shorting gold
[13:34] {Will49} even god couldn't borrow shares
[13:39] {nemo} will, you can always trade inverse gold etf
[13:39] {jfjf64} 3i
01[13:40] {Threei}  jf
[13:41] {nemo} anybody else get a 2.3 million bar on spy just after 1:30?
[13:42] {nemo} hings looking like they might pull in here
[13:42] {nemo} things
[13:42] {Will49} yes, here
01[13:43] {Threei}  yes
[13:43] {nemo} interesting
[13:43] {Will49} but aren't we all looking at the same 1 minute chart?
[13:43] {nemo} ?
[13:43] {nemo} Les Jr.
01[13:43] {Threei}  some charts are more equal than others willl
[13:43] {nemo} or senior as the case may be
[13:44] {Will49} hmmm
[13:44] {thomcbell} long setup for a scalp only - kors 52.02 break if holding 51.92 
[13:45] {thomcbell} target 1:2
[13:47] {Will49} so, is it not true that the only way you wouldn't "see" a volume spike like that is if you don't have volume as one of your indicators?
[13:48] {nemo} or you aren't looking at the screen, don't have spy up, are blind...etc
[13:48] {Will49} of course
01[13:48] {Threei}  it is... nemo asked because that was very unusual spike, and sometimes it's simply a software fluke, so he wanted to make sure it appears across other platforms
[13:48] {Will49} ok i get it
[13:49] {Will49} apologies nemo for thinking you asked a stupid question:)
[13:49] {Will49} live and learn
01[13:49] {Threei}  also, considering that nemo himself is pretty much a fluke...
[13:49] {nemo} ow
[13:49] {nemo} sniff
06[13:49] * nemo racks slide
06[13:50] * Threei hides underneath nearest rock
06[13:50] * nemo calls in drone attack
[13:50] {Will49} are you going to show slides of your vacation nemo?
[13:51] {nemo} don't make me pee my pants laughing
[13:51] {Will49} you Americans even know all the technical terms for your gun parts I see
[13:52] {nemo} I sell 'em, I better
[13:52] {Will49} admirable
[13:52] {thomcbell} kors invalid 
01[13:52] {Threei}  no kidding
[13:52] {nemo} oh, that spike looks like the prelude to the pullback...bastids
01[13:53] {Threei}  I still remember a salesperson from a NY store that, asked whether they ship to Canada, said sorry, no overseas shimpping
[13:53] {Will49} lol
01[13:53] {Threei}  I mean I knew that some in US are not very well versed in geography, but...
[13:54] {nemo} Usually Americans are getting dinged for their Phillistine skills in geography, so in the early 80's I'm in Germany and the conversation goes like this, "So you're from Boston, is that on the east coast or the west coast?"
01[13:54] {Threei}  the number of people all over the net that last week confused Chechnya with Chechoslovakia...
[13:55] {Will49} we Canucks (with our inferiority complex)love to collect anecdotes like that
01[13:55] {Threei}  but the best ones are the stories of Eiropenas booking vacations in Sidney... Nova Scotia, instead of Australia
01[13:56] {Threei}  happened more than once
[13:56] {nemo} now canucks, you're somewhere between homo habilus and australopithicus, right?
01[13:56] {Threei}  small town, total backwater
01[13:56] {Threei}  cold
01[13:56] {Threei}  guys walk off a plane in shorts and t-shirts
01[13:56] {Threei}  looking around, bewildered
[13:57] {nemo} tuning in to the eagles nests
[13:57] {Will49} is that part of Vad's joke?
01[13:58] {Threei}  not a joke
01[13:58] {Threei}
01[13:58] {Threei}  just one of exanples
[13:58] {Will49} thought there was a punch-line coming
[13:58] {Will49} you know...two guys walk into a bar...
01[13:59] {Threei}  as far as travellers were concerned, punch happened right at the airport
[14:00] {dino} both guys say "ouch"
01[14:00] {Threei}  The grandfather and grandson aren't the first travellers who came to Sydney, N.S. thinking they were headed to Australia.
01[14:00] {Threei}  In August 2002, Raeoul Sebastian and Emma Nunn, both of London, England, spent their vacation in Cape Breton and became local celebrities after a flight mix-up brought them to another Sydney.
01[14:00] {Threei}  And in December, an Argentinian woman, Monique Rozanes Torres Aguero of Buenos Aires, had been daydreaming about her vacation in Sydney, Australia, when her Air Canada Jazz flight landed in Sydney, N.S.
[14:01] {Will49} changing planes in Montreal should have tipped her off
01[14:05] {Threei}  White House: Boston Marathon suspect will not be tried as an enemy combatant
01[14:06] {Threei}  Canadian police to announce arrests in planned terrorist attack; suspects detained in Ontario, Quebec
01[14:13] {Threei}  total stall everywhere
01[14:14] {Threei}  if SPY breaks 156, I'd look for TNA long
01[14:14] {Threei}  there
01[14:14] {Threei}  half lot .35 break
[14:15] {nemo} they're going for the overhead gaps
01[14:15] {Threei}  just take profit or partial as you see fit, I can't assign a target here
01[14:15] {Threei}  1:1
01[14:18] {Threei}  White House expresses support for the internet sales tax bill due to be taken up in the Senate today; feels bill will level playing field for businesses
01[14:20] {Threei}  (EU) ECB's Noyer: Cyprus crisis is not a sign of fragility for the EMU
01[14:20] {Threei}  no, it's a sign of strenght
01[14:20] {Threei}  imbecile
[14:21] {dino} mx spike
01[14:21] {Threei}  1:2
[14:21] {nemo} spy and iwm into the gap
[14:21] {nemo} maybe we'll get there before Tuesday  ;-)
[14:22] {dino} out tna .55, +.17 thx vad
01[14:22] {Threei}  yw
01[14:22] {Threei}  cc9 shamed me into playing TNA
[14:22] {nemo} what's the russian word for "wimp"?
06[14:23] * Threei slaps nemo around a bit with a 2x4 decorated with peaceful pink tie at the working end
[14:23] {nemo} fine....I have other sources
01[14:24] {Threei}  like, umm, google?
[14:24] {nemo} like, um....Al
01[14:25] {Threei}
01[14:27] {Threei}  fair warning for all who speaks russian here... don't waste your time teaching nemo, he remembers only swear words
01[14:27] {Threei}  and uses them non-sparingly
[14:28] {nemo} the algo has nothing but green on it and getting stronger, bend over bears
[14:28] {dino} bohica
01[14:28] {Threei}  yeah ursine sodomy is back on agenda
[14:29] {nemo} Bear meat is back on the menu, boys!!!
[14:40] {thomcbell} dd impressive 
[14:46] {Les} what r we in?
[14:47] {dino} nada
01[14:47] {Threei}  nothing at the moment, just closed TNA 1:2
[14:47] {Les} i c we're going up
[14:48] {nemo} this may be it, spy hit R2, IWM the Weekly Pivot as well as FAS, and Les is it's all downhill from here
[14:49] {Les} lol
01[14:49] {Threei}  lol
[14:49] {nemo} Got anything to say Will?
01[14:49] {Threei}  stevw... I have to ask on your first day... impressions of this asylum?? :)
[14:50] {Les} what u need a fan club bunny boy?
[14:50] {dino} i prefer jungle
01[14:50] {Threei}  asylum in the jungle
[14:50] {dino} ok
[14:50] {stevw} interesting, of course - and nice to see the joviality
[14:50] {Will49} nemo....I'll let Les speak for me :)
01[14:51] {Threei}  yessss.... "Nemo the Jovial"!
[14:51] {stevw} i couldn't see what you were seeing in the price movements at the beginning of the day
[14:51] {stevw} but that's why i'm here - to learn
[14:51] {Les} very british...jovial. jolly good 
[14:51] {stevw} tally ho
[14:51] {Les} GDX lacking buyer enthusiasm
[14:52] {stevw} tried joining you guys on an early short, but got a rejection message - have to find out why
[14:52] {stevw} haven't shorted before
[14:52] {nemo} wasn't available to short
[14:52] {dino} need margin account
01[14:52] {Threei}  which broker?
[14:52] {stevw} td active trader margin/short account
01[14:53] {Threei}  ok... no idea about that one
01[14:53] {Threei}  most likely no inbentory for the particular stock
01[14:53] {Threei}  inventory
[14:55] {stevw} i'll have to make sure i'm caffeined-up for the morning open, that's for sure
[14:55] {stevw} by the time i start to see patterns 2 hours into the day, the volume's gone
[14:55] {nemo} try vodka stevw
[14:56] {stevw} hmmm
01[14:56] {Threei}  with caffein
[14:56] {nemo} wanna' see stuff?  Psyllocibin
01[14:56] {Threei}  lol
[14:56] {stevw} growing in vad's backyard?
[14:56] {Les} ritalin
[14:56] {nemo} buddy of mine grows it
01[14:56] {Threei}  vodka??
[14:56] {nemo} shrooms
01[14:56] {Threei}  U always knew there is such thing as a vodka tree!!
01[14:56] {Threei}  I
[14:57] {jfjf64} lol
01[14:57] {Threei}  frikin botanists denied
[14:57] {Les} ritalin with vodka and mushrooms hmmmm
01[14:57] {Threei}  wanted to keep it all for themselves
[14:57] {dino} stevw, where are you located?
[14:57] {stevw} scenic hamilton, ontario
01[14:58] {Threei}  I want a Grey Goose variety... grafted with Russian Standard
[14:58] {Les}
[14:58] {Les} found it
[14:58] {stevw} hopefully back to the west coast in the next couple years
[14:58] {Will49} Hey hometown. Last lived on St Clair Blvd in east end
[14:59] {stevw} nice street - beautiful victorian homes
[14:59] {stevw} where now?
[14:59] {Will49} yeah...our was built 1912 and is a heritage protected property
[14:59] {Will49} now in Victoria
[15:00] {jfjf64} lulu strong
[15:01] {stevw} often traveled to Victoria, (and Nanaimo), when I lived in burnaby
[15:01] {Will49} thinking of coming back, are you?
[15:01] {stevw} yes, i love the west coast
[15:02] {Will49} will never go back
[15:02] {stevw} it'll be the island for me, now that i don't need the action of the big city
[15:02] {Will49} only advantage would be not having to start trading at 6:30
[15:02] {stevw} lol - i do chuckle at the thought of you guys getting up that early
[15:03] {Les} would love to get up that early
[15:03] {nemo} yeah, but they have the rest of the day
[15:03] {dino} lol
[15:03] {Les} have rest of day free
[15:03] {stevw} that said; must be nice to shut it down in the early afternoon
[15:03] {nemo} Les, you're frickin''ll never be free
[15:03] {Les} free to hit the pub with daily winnings
[15:03] {Will49} hahaha
[15:03] {Les} gotta keep it under control, trading from 3pm to 10pm
01[15:04] {Threei}  1 pm, done, whole day ahead... beautiful in the summertime
[15:05] {Les} C lingering close to 45
01[15:05] {Threei} Short Setup: CAT  .85 break hl
01[15:05] {Threei}  If holds  .95 
01[15:07] {Threei}  Invalidated  
[15:11] {Les} ACTG 22 short?
[15:11] {nemo} looks like good area for bounce
[15:12] {Les} yeh stretched in daily
[15:12] {Les} oops I still have BB's on a chart
[15:12] {Les} 2 way then
01[15:13] {Threei}  I think so
01[15:15] {Threei}  Sinclair - The US Will Be Cyprused & We Will See $50,000 Gold
01[15:15] {Threei}  f&$k
Session Close: Mon Apr 22 15:15:34 2013

Session Start: Mon Apr 22 15:15:34 2013
Session Ident: #discussions
02[15:15] * Disconnected
02[15:24] * Attempting to rejoin channel #discussions
03[15:24] * Rejoined channel #discussions
01[15:24] {Threei}  something with connection
[15:24] {dino} too strong today
[15:24] {jfjf64} it is
[15:24] {jfjf64} train
01[15:24] {Threei}  not risking any trades or calls guys, internet is acting up
[15:24] {jfjf64} drink
01[15:24] {Threei}  sorry
[15:25] {Will49} completely failed here
01[15:25] {Threei}  thank you all, have a good evening
01[15:25] {Threei}  see you tomorrow
[15:25] {jfjf64} ty
[15:25] {Les} cheers
[15:25] {jfjf64} 3i going to beach
[15:25] {Will49} peace
[15:25] {jdetente} gn all
[15:25] {dino} have a good one
[15:26] {thomcbell} kors annoying 
[15:27] {thomcbell} cest la vie
[15:27] {dino} coors maybe
[15:27] {dino} issc spike
[15:30] {dino} back in 10 or so
[15:31] {Les} AAPL bouncing back. got any legs in this I wonder?
[15:31] {Les} yer ACTG bounce ws on the mark mark
[15:42] {dino} .
[15:52] {dino} calling it a day, thx all, gn