Wednesday, April 24, 2013

Apr 24 2103

Once again a very strong day, with great profitable morning followed by a slow afternoon - but even during that slowdown we found 4 or 5 winning scalps in row.

Session Time: Wed Apr 24 00:00:00 2013

[05:00] {KSystems} *yawn*
[08:18] {cc_9} Morning gents
[08:29] {KSystems} hey
[08:43] {nemo} aapl gonna' be an anchor today it looks like
01[08:49] {Threei}  morning guys
[08:50] {nemo} I'll make the assumption that is NOT directed at me
01[08:51] {Threei}  why?
[08:51] {nemo} it had an air of niceness and civility
01[08:52] {Threei}  that's just me... nice and civil
[08:56] {KSystems} morning vad
01[08:56] {Threei}  ks :)
[08:57] {nemo} Jung
06[08:57] * KSystems considers this might be the only irc server left in the world that is being used commercially
01[08:57] {Threei}  really? why?
[08:57] {nemo} can you delete it from Les' platform?
[08:58] {KSystems} because it lacks all the useless colorfulness of today's mainstream taste
[08:59] {KSystems} maybe some sites still use it as a backend for frontends like our mibbit
[09:04] {dino} gm
[09:06] {cc_9} Futures relatively flat into the open
01[09:06] {Threei}  dino :)
[09:07] {nemo}'s a relatively stone age application...technically speaking....perfect for Vad
01[09:07] {Threei}  you got it
[09:07] {patel} Good Morning Traders
[09:07] {nemo} tree fire women vodka...what more does a man need
[09:07] {backman} gm
01[09:07] {Threei}  oatel :)
01[09:07] {Threei}  bman :)
[09:07] {nemo} and women are a temporary, but chronic affliction
[09:08] {patel} thats 2 days in a row. yesterday platel and today oatel
01[09:08] {Threei}  really?
01[09:08] {Threei}  lol... sorry
[09:08] {KSystems} exactly nemo :D
[09:08] {patel} haha
[09:08] {KSystems} ancient but rock solid
[09:08] {patel} its fine.
[09:08] {backman} ahh, i was just going to suggest 2 women
[09:08] {nemo} Verdammten Frauen
[09:08] {nemo} oh, I got a story about that-did not end well
[09:09] {KSystems} futures turned out to be flat but have been causing me a busy morning
01[09:10] {Threei}  this is hillarious
[09:14] {cipher} gm
01[09:14] {Threei}  cipher :)
[09:15] {Les} never fear the fool from Switzerland is here
01[09:17] {Threei}  les :)
[09:18] {nemo} cipher-you salivating over aapl?
[09:18] {Les} why Nemo?
[09:19] {Alexs} gm
01[09:19] {Threei}  alex :)
[09:19] {KSystems} oh didntknow that
[09:19] {nemo} the likelihood of volatility from earnings
[09:19] {KSystems} where exactly les?
[09:19] {Les} ah today is it
[09:19] {nemo} Der Narren kommt
[09:19] {Will49} gm
01[09:19] {Threei}  despite AAPL and horrid numbers earlier, market is greening
[09:19] {Les} after all the media bashing let's see how it delivers and is treated
01[09:19] {Threei}  will :)
[09:22] {Les} I really appreciated ... who did you link too yesterday Vad ... remarking on difference between cold hard maths & logic vs a narrative, the latter which sucks too many investors in
[09:22] {nemo} Hey Les, you can get a DNA test for $150 bucks...I think anthropologists world wide would be thrilled
[09:22] {Les} F&%รง you
[09:22] {jdetente} gm
01[09:22] {Threei}  jd :)
[09:22] {Les} heck I might just be next evolutionary step
01[09:22] {Threei}  Ritzholz I think Les
[09:23] {Les} right
[09:23] {nemo} de-evolutionary perhaps
[09:24] {Les} narrative. really putting finger on the typology of human thought
[09:24] {Will49} i see you guys are off to another day of brotherly love
[09:25] {Les} piss off Will
[09:25] {Les} :)
[09:25] {Will49} touche
[09:25] {nemo} don't stick your fingers in the cage Will
[09:25] {Les} LOL
[09:25] {Will49} jus watching
01[09:25] {Threei}  Raven seriously stuck with his birds
[09:30] {nemo} iwm spy look week, but FAS strong so far
[09:31] {jfjf64} mornin
[09:31] {Les} giddy up
01[09:31] {Threei}  jf :)
[09:32] {nemo} spy at the base of another gap
01[09:33] {Threei} Short Setup: GDX  .10 break
01[09:33] {Threei}  If holds  .15
[09:34] {dino} ew sm l .91
01[09:35] {Threei}  1:1
[09:36] {dino} \ew stop .61 -.30
01[09:37] {Threei} Short Setup: C  .70 break
01[09:38] {Threei}  If holds  .75
[09:41] {thomcbell} short setup fcx 29.29 break
[09:43] {thomcbell} invalidated
01[09:43] {Threei}  stop to .71
01[09:43] {Threei}  out
[09:44] {dino} wyn sm l .10
[09:45] {Les} slw dt?
[09:46] {cipher} ew l .61
[09:46] {thomcbell} slw looks like a cup and handle
[09:46] {thomcbell} same with gdx
01[09:47] {Threei} Long Setup:  CAT  .40 break hl
01[09:47] {Threei}  If holds  .30
[09:47] {dino} ew sm l .19
01[09:47] {Threei}  no go
[09:47] {cipher} out EW .27 +.66
[09:48] {dino} out ew .79, +.60
[09:48] {nemo} chop todeay
[09:48] {dino} lol cipher
[09:49] {nemo} spy need to get above .20 to get into the gap
01[09:49] {Threei}  today is 18 min long, lol
[09:49] {nemo} yeah
01[09:49] {Threei} Short Setup: BBY  24 break
01[09:50] {Threei}  If holds  .10
[09:50] {dino} out wyn .60, +.50
[09:52] {cc_9} Stocktwits has got to be the biggest circle jerk of all websites
[09:52] {Les} thought they were the best of the best
[09:52] {cc_9} Pre-market everyone was slamming their keyboards that AAPL would tank and they were all short
[09:52] {cc_9} Now everyone is long AAPL and is making their biggest trades ever
[09:52] {cc_9} makes me cringe
01[09:53] {Threei}  those who are losing stop talking and won't ever admit it
01[09:53] {Threei}  those who win scream loud
01[09:53] {Threei}  and then there are liars
[09:53] {Les} yeh it's to fess up to loss
[09:53] {Les} hard to fess up
01[09:54] {Threei}  1:1
[09:54] {cc_9} pathetic to read the feeds
[09:54] {Les} out for the scalp
[09:54] {Les} ty
01[09:54] {Threei}  you should see them when FB lockup expiration date came up
[09:54] {Les} treating today as scalps until I see otherwise
01[09:54] {Threei}  everyone was short
01[09:54] {Threei}  everyone was talking about mother of all shorts
01[09:54] {Threei}  sure enough FB went up
01[09:55] {Threei}  sll of a sudden everyone was talking how it was too obvious, and had to be a losing trade
[09:55] {cc_9} I read enough about the RIMM shorts (pre BBRY) who were calling the death of it
01[09:55] {Threei}  no single voice a;erted about it before the date
01[09:55] {Threei}  we called FB long based on that alone
[09:55] {cc_9} lol gg
01[09:55] {Threei}  and got it exactly right
[09:56] {dino} wyn sm l .78
01[09:57] {Threei}  too many storytellers
[09:57] {Les} better get the ice and arm sling nemo
[09:58] {nemo} I'll get the bone saw instead
[09:58] {Les} C stuck at these highs
01[09:58] {Threei}  BBY works nicely though
[09:58] {Les} short aapl here for $2 stop
[09:58] {nemo} should be good to .60
01[09:58] {Threei}  BBY?
[09:58] {nemo} y
[09:59] {dino} ll
01[09:59] {Threei}  I'll be happy with .70
[09:59] {nemo} just putting in my hft spreads worth
01[09:59] {Threei}  lol
[09:59] {nemo} thought you'd like that ;-)
[10:00] {Les} CAT at lows
[10:00] {backman} GILD geting crushed
[10:00] {nemo} which is pivot Les
[10:00] {Les} yeh
[10:01] {Les} CAT got bite. was thinking of .00 long but wait and see
[10:01] {dino} out wyn .28, +.50
[10:01] {Les} sweet
[10:02] {Les} GDX .10 long holding .00?
[10:03] {Les} SLW taking off
[10:03] {Will49} slim pickins this morning
[10:04] {cipher} lulu l .76
[10:04] {nemo} amgn weak
01[10:05] {Threei}  1:2
01[10:05] {Threei}  whew
01[10:05] {Threei}  held trailing stop to the cent
[10:05] {nemo} celg weak
[10:06] {nemo} so, what was I saying about chop?
[10:06] {dino} pork
[10:06] {Les} sui
[10:06] {dino} athn sm l ave .05
[10:06] {thomcbell} gdx looks like a long setup here
[10:06] {nemo} push coming to shove though
[10:06] {Les} suey
[10:07] {nemo} whoa there goes amgn
[10:07] {dino} amgn dr5op
01[10:07] {Threei}  1:3
01[10:07] {Threei}  me out
[10:07] {nemo} srpt weak too
[10:07] {Les} well done vad
01[10:07] {Threei}  ty
[10:07] {cipher} lulu stopped -.12
[10:08] {Les} c .80 short?
[10:08] {Les} holding .90?
01[10:08] {Threei}  yes
[10:08] {Les} FAS just quit VWAP support
[10:12] {Les} C the squeezer
[10:12] {Les} squeezer means brown noser in the army
01[10:13] {Threei}  wow... nemo's .60 is here
[10:13] {Les} SLW is at range resistance here
[10:13] {nemo} it's getting iffy at .60
[10:15] {cipher} IBM L.23
[10:18] {Les} C may have a day of further squeezing to do here
[10:21] {dino} man drop
01[10:21] {Threei} Short Setup: GDX  .20 break
06[10:21] * Les smack C around the .80 mark with a round of holey swiss cheese
[10:22] {Les} which incidently is called Emnental. we have 200 variety of cheeses inthis country
01[10:23] {Threei}  1:1
[10:25] {nemo} I'll miss youwhen you're gone, Les.  You give me so much material
[10:25] {cipher} out IBM .83 +.50
[10:25] {Les} holding for 1:3 vad GDX?
[10:25] {Les} going nowhere bunny buggerer
01[10:25] {Threei}  I think so
01[10:25] {Threei}  Will... pickings are slimmer than usual, but still can sustain a starving man, can't they :)
[10:25] {Will49} oh yeah
[10:26] {dino} man gap fill
[10:26] {dino} sm l .65
[10:28] {Les} you're always welcome to have a go Nemo. you are the life of the party in this room
[10:28] {nemo} amgn might be a good short here
[10:29] {nemo} having said that, Les-one could say that about a human sacrifice
01[10:29] {Threei}  1:2
[10:29] {dino} wyn new lod
[10:30] {nemo} rax below 45
[10:30] {nemo} little thin
[10:30] {Les} game is still on for rally
01[10:31] {Threei}  Gold prices tick lower as desks circulate CME daily delivery notce indicating JP Morgan called to deliver substantial amount of gold-
01[10:32] {Threei}  not sure why it depresses gold price
[10:32] {nemo} yeah
[10:32] {nemo} ask the tinfoil hat crowd
01[10:32] {Threei}  but it sure helped our GDX
[10:33] {Les} guess JPM would like to see lower price
[10:34] {Les} triple .50 top for JPM here
[10:34] {Les} trying to break out
[10:35] {dino} man stop .37 -.28
[10:39] {dino} wyn sm l .24
[10:42] {Les}
[10:42] {Les} AAPL coughing up for its shareholders
[10:44] {thomcbell} very large cup in process on aig 1 min
[10:50] {dino} wyn to .44
[10:50] {dino} wlk spike
[10:51] {dino} out wyn +.20
[10:56] {backman} short GDX at .24
[10:56] {Les} CAT vad .00 break short?
[10:56] {dino} man sm l .45
[10:56] {Les} if it hlds .10
01[10:56] {Threei}  yes
[10:57] {ese} morning ladies and gents..........just a busy morning getting ready for Memphis tomorrow.........but thought that i would check in to say hellow.......nemo?,,,,ya comin to see us at the STAX TO THE MAX FESTIVAL SATURDAY?  huh?
01[10:58] {Threei}  hi ese
[10:58] {ese} mornin vad
[10:58] {dino} hello ese
[10:58] {ese} hows tha day goin
[10:58] {ese} dino
[10:58] {nemo} I'm a ways away
[10:58] {dino} good
[10:58] {nemo} like 1500 miles
[10:58] {nemo} Come play at Berklee ;-)
[10:58] {ese} I knew
[10:59] {ese} that may happen one day
[10:59] {Les} and Montreux dude. why always Italy and never Montreux?
[10:59] {nemo} Les, what country are you in?
[10:59] {Les} China
[11:00] {ese} That may change to
[11:00] {nemo} right, well think about it...the answer is simple
[11:00] {Les} lol
[11:00] {Les} damn you
[11:00] {ese} lol
[11:00] {Les} someone cut his hardlines for friks sake
[11:01] {ese} rotflol
[11:01] {nemo} microwave
[11:02] {Les} partial .93
[11:02] {Les} 1:1
[11:02] {ese} theres a reason I pay the big bucks to be one this board.............ya just can't get this kinda insulting for matter how hard ya try
[11:03] {Les} covered .82
[11:03] {backman} thanx les
06[11:04] * dino slaps ese around a bit with a large trout
06[11:04] * Les slaps ese around with big bucks cause he likes it
[11:04] {Will49} good call on CAT Les
01[11:04] {Threei}  1:2 CAT
[11:04] {ese} see what i mean
[11:05] {dino} wow scanners not moving
[11:05] {Les} surpassed my expectations sought only scalp on it
[11:05] {Les} SLW showing weakness too
[11:05] {ese} supressed what emotions Les?
[11:06] {ese} here have a seat on the couch.......lets talk about that
[11:06] {dino} uh oh
06[11:06] * Les slaps ese around with a British English dictionary
[11:06] {Will49} out CAT 1:3 tks Les
[11:06] {dino} stsmartpro crash
[11:07] {Les} nice will
01[11:07] {Threei}  ese, this is one of my major targets in building this community: maintaning high quality of insults, encouraging copnstant honing of the fine craft of hurting thy neighbor
01[11:07] {Threei}  1:3, out
[11:07] {ese} nice one boys with CAT...........expect no less
[11:07] {backman} out GDX 1:1
[11:07] {ese} well done will
[11:08] {Will49} tks
[11:08] {ese} Grimbergens are on you buddy next time
[11:08] {Will49} hahaha
[11:08] {Will49} only if I know that ONE waiter is working
[11:09] {ese} awesome community building vad...........
[11:09] {Les} VAd .10 aggressive short of SLW for 23 break?
[11:09] {Les} dunno, but looks like its lost its mojo
[11:10] {Les} although SPY doing another swan dive here
01[11:10] {Threei}  I'd feel more confident about this one if it bounced a little first
[11:10] {Les} k
[11:10] {ese} take care gents......gotta go.......if anyone on this board is close to Memphis this saturday......come and say all in a week and a bit
[11:10] {Les} enjoy ese you global traveller you
01[11:10] {Threei}  have a safe trip ese
[11:10] {Will49} be good ese
01[11:10] {Threei}  so Les... how does it go without indicators?
[11:11] {Les} I am sufficiently intrigued that I'll keep the trading platform clean for further practise
[11:12] {Les} after this week
[11:12] {Les} you see
01[11:12] {Threei}  well, you found CAT
[11:12] {dino} less is more les
01[11:12] {Threei}  so it is possible to see thikngs clearly without all that crap on your charts
[11:12] {dino} wtf, trading platform crashed, still not up
01[11:13] {Threei}  trading gods are telling you something dino :)
[11:13] {Les} true
[11:13] {dino} telloing me to bend over
01[11:13] {Threei}  or talk to cc_9, lol
01[11:14] {Threei}  Les, to be sure:
[11:15] {dino} sheesh, finally
01[11:15] {Threei}  the idea is not to maske you trade without any visual help
01[11:15] {Threei}  rather to make you pay major attention to the substance of the chart
[11:15] {dino} i guess i'll just imagine it
01[11:16] {Threei}  which is price formation
01[11:16] {Threei}  and use indcitaors as they should be used - as help
[11:16] {cc_9} Dino, what platform are you on ?
01[11:17] {Threei}  too many take trades going by indicators alone
01[11:17] {Threei}  "MACD crossed, I am in"
[11:17] {Les} yeh, been a slave to indicators, this I can see
[11:17] {dino} schwab, street smart pro
[11:18] {cc_9} Time to switch to a trading platform then.
[11:18] {dino} cnbc said denial of use attracks on schwab this a.m.
01[11:18] {Threei}  lol
[11:18] {Les} well it worked dino
[11:19] {cc_9} Dino, you have 2 options : 1) you switch to Das, Laser, Fusion etc...or you have to send Anonymous 1,000 bitcoins to stop the DDoS
01[11:19] {Threei}  that reminded me an old joke about CEOs of Heinecken, Pielsen and Guiness in the bar
01[11:20] {Threei}  first says to a bartender "give me a pint of the best light beer in the world, Heinecken"
01[11:20] {Threei}  second orders his, with some marketing bs too
01[11:20] {Threei}  Guiness CEO asks for a glass of lemonade
[11:21] {dino} for most part its a good platform. once in awhile (just like others) an issue
01[11:21] {Threei}  first two surprised, ask why wouldn't he order his Guiness
01[11:21] {Threei}  he says: well, out of sheer comradiere... you don't drink beer, so I won't either
[11:21] {Les} hehehe
[11:21] {Will49} :)
[11:22] {dino} nuan spike
[11:23] {dino} sm s .20
[11:23] {Les} SLW .10 shrot holding .20?
01[11:23] {Threei}  nah
[11:28] {Les} C might try to launch itself higher here at 47
[11:47] {Les}
[11:47] {Will49} isn this BOHICA in disguise?
[11:47] {Les} wonder if I can start one of htese chapters up based on Aikido training?
[11:47] {dino} lol
[11:48] {Will49} i knew you'd get it Dino
[11:48] {Will49} or were you laughing at Les?
[11:49] {dino} you
[11:50] {nemo} look at fas compared to indexes..nobody will sell the banks
[11:51] {Les} yeh C slowing down but not stopping yet
[11:52] {thomcbell} aig wicked today again
[11:52] {Les} still, daily resistance is around thse levels
[11:52] {dino} nuan won't move bs to .27
[11:53] {Les} C hourly suggesting tomorrow or friday might be game on for selling
[11:53] {dino} man to b/e
[11:55] {dino} out athn .85, +.80
[11:55] {dino} took awhile, but wtf
01[11:56] {Threei}  really
[11:56] {dino} nuan stop -.07
[11:57] {dino} man to .55
[11:59] {dino} out man +.10
[12:00] {Will49} yeah really tough work :)
[12:01] {dino} wyn sm l .80
[12:01] {dino} stop to .85
[12:03] {dino} :) will
[12:04] {dino} out wyn .85 +.05
[12:04] {dino} taking a break
[12:05] {Will49} deserved
[12:05] {dino} lucky
[12:08] {backman} tbell, where was your entry in AIG?
[12:09] {thomcbell} when - i only did one today
[12:09] {thomcbell} i liked how it looked on the close thought it had serious breakout potential
[12:10] {backman} thnx
[12:10] {thomcbell} i had a 41.41 long break today  for 0.30 cents - but i didnt publish because i didnt think it was a great one
[12:12] {Will49} }+.30 not great? fool:)
06[12:14] * Threei hands tbell a bottle with antigreeding
[12:15] {thomcbell} when posted i didnt think the entry was worthy rather
[12:15] {thomcbell} 0.30 is great
[12:16] {Will49} ahhh, the entry!
[12:16] {Will49} the entry didn't look great, got it
06[12:17] * Threei takes the bottle of antigreeding back
[12:18] {Will49} do you have any anti-frugality pills Vad?
01[12:19] {Threei}  only in liquid form
[12:19] {nemo} oh, thanks for reminding me
[12:19] {stevw} LULU on a 75 break?
[12:19] {Will49} is it a clear liquid with a potato base?
01[12:20] {Threei}  grain rather
[12:20] {Will49} whatever:)
[12:21] {Will49} sorry stevw...i butted in on you
[12:21] {stevw} no worries,
[12:22] {stevw} just curious if anyone thought LULU had some potential
[12:23] {Will49} Vad must have gone to get a shower
[12:24] {dino} ran too much yeterday for me stew
[12:24] {Will49} and everyone else by the look of it
[12:25] {Will49} good old reliable dino
01[12:25] {Threei}  too volatile for my taste, stev
[12:25] {Will49} maybe nor old
[12:25] {Will49} not
[12:25] {Will49} how was the shower Vad?
[12:26] {Will49} I need to take some ritalin...I'm rambling on
[12:28] {stevw} Vad, is that a general comment about LULU, or it's price action today?
[12:28] {stevw} its
[12:31] {dino} your nickname makes me think of family guy
01[12:31] {Threei}  both
[12:31] {stevw} i don't watch the show, but i suspect i wouldn't choose it
01[12:31] {Threei}  it's generally thin stock
01[12:32] {Threei}  and today it's less jumpy than udual but still
01[12:32] {Threei}  usual
[12:32] {stevw} i take it the "thin" comment isn't in reference to the asses of their yoga pants
[12:33] {dino} lol
01[12:33] {Threei}  no... lol
01[12:33] {Threei}  thin as in thinly traded
[12:33] {stevw} sorry, my mind goes elsewhere first
[12:34] {stevw} i'll have to think about your answer in relation to how i'm looking at today's chart and seeing a trend continuation
[12:34] {stevw} i haven't been factoring in volume adequately perhaps
[12:35] {dino} mkt drop
01[12:35] {Threei}  trend is fine... but look how it jumps sometimes 30 cents and more in single bar
01[12:35] {Threei}  how do you control risk when it moves like this
[12:35] {stevw} but is .30 meaningful in a $75 stock?
01[12:36] {Threei}  it's more of a dino/cipher territory
01[12:36] {Threei}  well, how large of a stop you want to maintain, whatever the price of a stock is?
01[12:36] {Threei}  I mainly try to pick stocks where 10-15 cents stop can be kept
01[12:37] {Threei}  the move in a smooth manner
01[12:37] {Threei}  they
01[12:37] {Threei}  their spread tends to be 1-2 cents
[12:37] {stevw} that's a question i'm still resolving for myself - am i setting the stop relative to price movement or to my individual trade tolerance
01[12:37] {Threei}  luckily, I resolved it for you :)
[12:38] {stevw} cool!
01[12:38] {Threei}
[12:38] {stevw} yes, i know i'll have to read it a few times to get it to settle in
01[12:39] {Threei}  look through all our today's trades,
01[12:39] {Threei}  or any day's actually,
01[12:39] {Threei}  how often do you see a stop set more than 10 cents?
01[12:40] {Threei}  next question will be, can you keep such stop when a spread is 20 cents?
[12:40] {stevw} you wouldn't do that with AAPL though, would you?
01[12:40] {Threei}  or when a stpock jumps 30 cents in a single breath?
01[12:40] {Threei}  hell no, lol
01[12:40] {Threei}  look at it this way:
01[12:40] {Threei}  you can control risk this way,
01[12:40] {Threei}  or you can move into dino and cipher type of stocks
01[12:41] {Threei}  and play much more volatile ones with wider stop and smaller shares size
01[12:41] {Threei}  nothing worng with that, but let's learn to walk before run
[12:41] {stevw} indeed
[12:42] {Les} C dropped harder and faster than what I thought it would
[12:42] {Les} such a lovely evening, took a walk to the shops
01[12:43] {Threei}  after this morning you had enough to shop woth
01[12:43] {Threei}  with
[12:44] {Les} could have done better. WAlked into BBY and CAT expecting only scalps, which is what I was paid
01[12:45] {Threei}  OK, so you just had a coffee and bagel...
[12:45] {Les} can see the need to keep it light and easy as the market bottoms and grinds up, but when the trade is there, not to get too focused on what it should or shouldn't do
01[12:46] {Threei}  CAT, waitching for short if bounces into .40 - .50 range
01[12:46] {Threei}  you are getting it Les... inch by inch, step by step
[12:46] {Les} I see how you pick the weakest links and attack them for all they're good for
01[12:46] {Threei}  exactly
01[12:47] {Threei}  sorry, wrong spelling... ekzaqtly
01[12:47] {Threei}  you want a dinner, don't fight a young healthy lion
01[12:47] {Threei}  you will make his dinner'
01[12:47] {Threei}  pick a tired anthelope
01[12:48] {Threei}  and hit it with 2x4 you just took from nemo while he was drunk
[12:48] {Les} while he was trying to hit me no doubt
01[12:48] {Threei} Short Setup: CAT  .40 break
01[12:48] {Threei}  If holds  .50
[12:49] {Les} maybe .50 recross
01[12:50] {Threei}  btw, notice how you start see theswe strategic things better when you get rid of all that indicator abundance on your charts
[12:50] {Les} not focusing on squiggly lines, yeh
01[12:50] {Threei}  seeing proverbial forest through the no less proverbial trees
01[12:51] {Threei}  change CAT to .50 break short
01[12:51] {Threei}  If holds  .60
01[12:54] {Threei}  1:1
[13:08] {Les} C .10 short?
[13:08] {Les} holding .20?
01[13:09] {Threei}  yes
01[13:12] {Threei}  good thing we grabbed all we could in the morning, action has almost stopped
[13:28] {Les} Good news spin on appointment of Italian Prime Minister.
[13:28] {Les} journalist obviously doesn't know italina politics
01[13:29] {Threei}  1:1
01[13:29] {Threei}  took its sweet time
[13:29] {Les} can I go home now? :)
01[13:29] {Threei}  but whatever... adds to a nice day's profit
01[13:29] {Threei}  (US) Senate moves internet sales tax bill through procedural process - press**Note: On Apr 21st - US Senate expected to support internet sales tax - financial press - The Senate is expected to pass the 'Marketplace Fairness Act' this week, which would allow states to tax online purchases, closing what supporters call an unfair loophole that benefits online retailers over brick-and-mortar shops. Currently, states can only collect sales taxes from retailers that physically located within their state. - Though it is expected to pass the Senate, it may have a more difficult time in the House
01[13:30] {Threei}  no Les... you need creamceese with lox on that bagel
[13:30] {Les} lox? sounds dangerous
01[13:30] {Threei}  want me to google that for you? :)
[13:30] {Les} please do
[13:31] {Les} :P
01[13:31] {Threei}
[13:31] {Les} hmmmm yum
[13:32] {Les} probably the only good thing u canucks send over our way
[13:32] {Les} pacific silver salmon
01[13:32] {Threei}  man... you Europeans don't know basic foods {G}
[13:32] {Les} oh and that stuff that comes out of yer trees
[13:32] {nemo} yes, and you not being in North America is addition by subtraction
[13:33] {jdetente} making me hungry... lunchtime just about
01[13:33] {Threei}  nemo gets award of the day for the most sophisticated insult of the day
[13:33] {Les} nah that stank Nemo. C'mon, u already on the bottle?
[13:34] {Will49} good one nemo
[13:35] {cc_9} LAD slow creeper all AM after that pre-market death.
[13:41] {nemo} you can tell it's sophisticated when Les says it stinks
[13:42] {nemo} another utterance by the Luddite proletariat
[13:43] {Les} me, proletariat?
[13:43] {nemo} you missed the first adjective
[13:43] {Les} luddite I accept
[13:43] {Les} but I can't remember the last time I worked a real job
[13:43] {Les} which makes me less than proletariat
01[13:44] {Threei}  so you are lazy proletariat
[13:44] {nemo} lumpen
[13:44] {nemo} phillistine
[13:44] {Les} was gonna ask you for another adjective
[13:44] {Les} but apparently there is lazy proletariat
[13:44] {Les} I can wear that badge with pride
[13:44] {nemo} Les rides the short bus
01[13:44] {Threei}  I never took it off
01[13:45] {Threei}  when asked if I want a shovel, I ask back whether they have one with engine
01[13:46] {Threei}  and when asked whether I am, per chance, a coal miner, I say I am not one per principle, not per chance
[13:46] {Les} it's taken me a while
[13:46] {Les} but I see this now as good guidance for life
01[13:47] {Threei}  which one
01[13:47] {Threei}  took a while I mean
[13:50] {Les} being a lazy prolo
[13:50] {Les} intellectuals get bumped off
[13:50] {Les} or derided like the idiots in charge today
[13:51] {Les} businessmen get taxed and strung up for imaginery offences against those inpower
[13:51] {Les} better to be an anonymous bum
[13:51] {cc_9} Have another drink Les.
[13:52] {nemo} try the hemlock tea with honey
[13:52] {Will49} mean bunch
[13:54] {Les} a drink. sounds like a good idea
01[14:17] {Threei} Short Setup: GLD  138 break hl
01[14:17] {Threei}  If holds  .10
[14:22] {Les} 2 way for potential cup and ahndle?
01[14:23] {Threei}  uip
01[14:23] {Threei}  yup
01[14:23] {Threei}  my personal sympathies are more on a short side but that's jusrt a reflection of my general skeptical worldview
[14:28] {Les} talking alittle off at .18
01[14:33] {Threei}  1:1
[14:34] {dino} gotta hop early. r.e. opportunity
[14:34] {dino} thx all, very good day
01[14:35] {Threei}  take care dino :)
[14:35] {Les} cheers dino
[14:38] {backman} GLD ..would u short on break of .10?
01[14:38] {Threei}  nah
01[14:38] {Threei}  dropped into support, no colsolidation
01[14:38] {Threei}  consolidation even
[14:38] {nemo} they got spy into the gap, now it heeds to hold .15, does that we're off tho the races
[14:39] {backman} kk...first time i traded a big # a latte at SBUX for my efforts
01[14:40] {Threei}  hey... get trained AND paid for it?
[14:40] {thomcbell} long setup hig 27.80 break ifholding 27.74
01[14:40] {Threei}  not many traders have this luxury
[14:50] {thomcbell} hig invalid for now
[14:50] {thomcbell} not time for breakouts
[14:52] {Les} HD .35 short?
[14:52] {Les} holding .45?
01[14:52] {Threei}  not sure... a bit too narroe day's range
01[14:52] {Threei}  narrow
[15:01] {Les} WLT dt?
[15:02] {Les} another commodity trying to find a bottom
01[15:03] {Threei}  can't tell between double top or breakout
[15:03] {Les} yeh
01[15:11] {Threei}  (SI) Slovenia Govt forecasts banking system requiring approximately �900M -
01[15:12] {Threei}  next crisis creeping closer
[15:12] {Les} hmmm gnat on an elephants ass no?
01[15:12] {Threei}  900 M of course will quickly turn to be 4B
[15:12] {Les} I'm waiting for France to crap itself
01[15:13] {Threei}  it's not even the size of these local failures
01[15:13] {Threei}  it's indication of the whole structure being non-viable
01[15:13] {Threei}  so weak points and cracks appear here and there
01[15:13] {Threei}  until they create a net of bigger cracks
01[15:14] {Threei}  and whole thing goes crashing down
[15:14] {nemo} yeah, try to explain that to my lefty friends...the high tax european economies are going broke, so why do you think raising taxes will work here?
[15:14] {Les} cause dummies like your neighbours will vote for it
01[15:14] {Threei}  but nemo
[15:14] {Les} neighbours as in whole country
01[15:14] {Threei}  they don't see it this way
[15:15] {nemo} I know
01[15:15] {Threei}  they don't beluieve it's high taxation-central planning that is at fault
01[15:15] {Threei}  they think it's speculators attacking the system
01[15:15] {Threei}  bond vigilantes
01[15:15] {Threei}  futures traders
01[15:16] {Threei}  currency traders
01[15:16] {Threei}  HFT
01[15:16] {Threei}  day traders
01[15:16] {Threei}  list is endless
[15:16] {nemo} les
[15:16] {Les} heck they don't even sell it as tax anymore. call it 'obamacare'...
[15:16] {nemo} forgot him
[15:16] {Les} :)
[15:16] {Les} 'jobs' act
01[15:17] {Threei}  when did communists think their dream system was a failure
01[15:17] {Threei}  it's always damn capitalists
[15:18] {nemo} there weren't any capitalists in the Soviet Union, whose fault was that?
01[15:18] {Threei}  depends on period
[15:19] {nemo} always comes back to women
01[15:19] {Threei}  in Stalin times it was people's enemies, foreign spies
[15:19] {Les} good one nemo
01[15:19] {Threei}  always world capitalism of course, at any time
[15:20] {Les} damn WLT for being sneaky prick
[15:22] {Les} slw and GDX have short potential here. Not sure though
01[15:22] {Threei}  GDX, yeah
01[15:22] {Threei}  atempt at little H&S
[15:22] {Les} 30 short?
01[15:22] {Threei} Short Setup: GDX  30 break
01[15:23] {Threei}  SLW isn't really easy to discern formation but can help with reading GDX
01[15:30] {Threei} Short Setup: FB  .20 break
01[15:30] {Threei}  If holds  .27
01[15:33] {Threei}  PA, we could use one of those fake tweets right about now
[15:34] {Les} what was the password?
[15:34] {jdetente} APAPAPAP
01[15:35] {Threei}  today they are smarter - it's APAPAPAP2013
[15:35] {Les}
[15:35] {Les} someone dares to say it in Germany
01[15:35] {Threei}  5 years?
01[15:36] {Threei}  sounds way too optinistic to me
01[15:36] {Threei}  tensions rise faster that that
[15:36] {Les} you always were a pessimist
01[15:36] {Threei}  actually it's optimism
01[15:36] {Threei}  the faster it breaks down the better
01[15:39] {Threei}  Rather than accept the break-up of the euro, the German government is demanding tighter, Europe-wide controls over national budgets.
01[15:39] {Threei}  heh
01[15:42] {Threei}  very boring afternoon
[15:46] {cc_9} have a good EOD fellas
[15:46] {cc_9} a demain
01[15:46] {Threei}  you too
[15:46] {patel} You holding FB overnight.
01[15:47] {Threei}  no, why would I
01[15:47] {Threei}  it has about 11 min to resolve
[15:47] {patel} yeah
01[15:47] {Threei}  look at daily
[15:47] {patel} I was just messing around.
[15:47] {jdetente} let's all become investors
01[15:48] {Threei}  who can tell which way it goes from here
[15:48] {jdetente}  I'm told that's the quickest path to prosperity lol
01[15:48] {Threei}  yeah
01[15:48] {Threei}  buy gold at 1800 and hold
[15:48] {jdetente} buy high sell low
01[15:48] {Threei}  it's to hit 50,000 soon, haven't you heard
[15:48] {jdetente} believe in Cramer
01[15:49] {Threei}  die FB
[15:51] {Les} GDX giddy up
06[15:52] * Threei pours molten lead in FB's throat
[15:54] {jdetente} FB is one stubborn SOB...refuses to die. Monty Python-esque
01[15:54] {Threei}  well, considering time pressure, stop to .21
01[15:55] {Threei}  riskless trade
[15:55] {Les} vwap is .12
01[15:55] {Threei}  3 more min to get a few more cents or to get stopped about b/e
01[15:56] {Threei}  how do you know Les?
[15:56] {Les} just a guess
01[15:56] {Threei}  are you secretly looking at indicators?
[15:56] {Les} lol I am out of here
[15:56] {nemo} he mentioned vwap earlier today Vad and you missed it
[15:56] {Les} out .12
06[15:56] * Threei slants at Les ascance
[15:56] {nemo} Les go find a round room and stand in the corner
01[15:56] {Threei}  no, I saw it
01[15:57] {Threei}  just let it slide for the time being
01[15:57] {Threei}  here we go
01[15:57] {Threei}  out .11
01[15:57] {Threei}  4th successful scalp in a slow afternoon
[15:57] {Will49} tks vad out .11 also
[15:58] {patel} thanks
[15:58] {Will49} great day!
01[15:58] {Threei}  thank you all
[15:58] {Les} decent day for such a dead one. ty. a+ c u tomorrow
01[15:58] {Threei}  have a great evening, see you tomorrow
[15:58] {jdetente} have a good one all. Thanks Vad
[15:58] {Will49} you too
[15:59] {backman} gnite