Monday, April 29, 2013

Apr 29 2013

Slow creep up day with low volume, not our trading environment. Not many setups worked as follow-through is minimal on such days, so finished in the red.

Session Time: Mon Apr 29 00:00:00 2013
[08:56] {nemo} check email vad
01[09:01] {Threei}  I don't want to... it would be an admission that Monday is here and we have to work. And I refuse to admit that
[09:02] {nemo} oh, grow up
01[09:02] {Threei}  no, I'll live in denial
[09:02] {nemo} I sent you a picture of the newest member of the family
[09:03] {stevw} how is everyone on this beautiful Monday morning?
[09:03] {nemo} I hate this guy
[09:03] {stevw} lol
[09:03] {nemo} nothin' personal of course
01[09:04] {Threei}  good way to poke nemo, stev :)
[09:04] {stevw} what can I say - I'm a morning person and I'm quite enjoying this new chapter in my life as a trader
[09:04] {patel} Good Morning
[09:04] {cipher} gm
[09:04] {nemo} whoa, birdbrain is back
01[09:05] {Threei}  patel, cipher :)
[09:10] {Les} whatever Nemo said just ignore him, he's a crank
[09:10] {Les} morning all
01[09:10] {Threei}  Les :)
[09:11] {nemo} your email
[09:11] {nemo} everybody else, block your ears
[09:12] {dino} gm
01[09:12] {Threei}  dino :)
[09:13] {Les} heh?
[09:13] {Les} bwaahahahahahaaa
[09:13] {Les} papa all over again
[09:13] {nemo} yeah, naming it Redux
[09:13] {nemo} don't know if it's gonna live yet
[09:17] {Les} I spy with my little eye a lower high in uncle buck? Or are we just range bound...
[09:17] {Les} rhetorical question
[09:20] {Will49} gm
01[09:20] {Threei}  will :)
01[09:21] {Threei}  LVS in red
[09:24] {Alexs} gm
[09:24] {nemo} sina dino
01[09:24] {Threei}  alex :)
[09:24] {nemo} 60.50 23.6 retrace
01[09:27] {Threei}  no clear opening play, will wait a few min
01[09:27] {Threei}  LVS on radar for short, but its volatility on the open is unbearable, gotta let it settle down
[09:30] {jdetente} gm
01[09:30] {Threei}  jd :)
[09:30] {thomcbell} gnw on long watch
[09:31] {Will49} ugly spread LVS
[09:31] {nemo} want ungly
01[09:31] {Threei}  see above
[09:31] {nemo} want plain ugly...see Les
01[09:32] {Threei} Short Setup: GDX  30 break
01[09:32] {Threei}  If holds  .10
[09:32] {Les} I dunno. that ugly spread just made near $1
01[09:32] {Threei}  change to .15 break
01[09:32] {Threei}  If holds  .25
01[09:34] {Threei}  no secondary entry, touched too close to 1:1
[09:34] {Les} k missed .13
01[09:34] {Threei}  1:1 if you caught it
[09:35] {thomcbell} thc is retarded here
01[09:35] {Threei}  that was one mighty drop, LVS
01[09:36] {Threei}  1:2 GDX
[09:37] {Les} GDX aaargh
01[09:37] {Threei}  1:3, close it here
01[09:37] {Threei} Long Setup:  GDX  .85 break
01[09:37] {Threei}  If holds  .80
[09:40] {thomcbell} thc 45.57 break half lot
[09:41] {thomcbell} if holding 45.90
[09:42] {thomcbell} aig looking for db
[09:42] {dino} thc sm s .61
[09:42] {thomcbell} thc not a scalp for me
01[09:43] {Threei} Long Setup:  C  .91 break
01[09:43] {Threei}  If holds  .85
01[09:44] {Threei}  no go GDX
[09:44] {thomcbell} aig no go - still watching
01[09:45] {Threei} Short Setup: SLW  .75 break
01[09:45] {Threei}  If holds  .85
[09:46] {dino} cov thc .05, +.56 ty tbell
01[09:46] {Threei}  wtg
[09:47] {thomcbell} covered 1/4 thc around here at 45
01[09:47] {Threei}  no go C
01[09:47] {Threei}  longs are not in fashion
[09:48] {dino} wtg tbell
[09:48] {thomcbell} another 1/4 in here in 44.60's
01[09:49] {Threei}  trail SLW to .81
01[09:50] {Threei}  not liking market's fluctuations
01[09:50] {Threei}  patternless
01[09:50] {Threei}  often happens on Monday morning
[09:52] {nemo} 57 support sina
[09:52] {thomcbell} long setup aig 40.62 break if holding 40.52
01[09:54] {Threei} Short Setup: LVS  55 break hl
01[09:54] {Threei}  If holds  .10
[09:56] {thomcbell} thc flat
01[09:56] {Threei}  stubborn support .98
01[09:57] {Threei}  finally
01[09:57] {Threei}  1:1
[10:00] {thomcbell} aig 1:1
01[10:01] {Threei}  *(US) MAR PENDING HOME SALES M/M: 1.5% V 1.0%E; Y/Y: 5.8% V 6.1%E
01[10:02] {Threei}  1:2
01[10:02] {Threei}  what the deuce?
01[10:05] {Threei}  seriously, what the hevck just happened? no news at all for this spike
[10:05] {nemo} homes, just need an excuse
01[10:06] {Threei}  what homes, 3 minutes from numbers
01[10:06] {Threei}  such sudden spikes don't wait 3 min after news, they happen right away
[10:06] {nemo} was at 10
01[10:06] {Threei}  numbers yes, spike at 10:03
[10:06] {Les} flushed shorts holding 159
[10:06] {Les} ass top
[10:07] {thomcbell} aig 1:2 and out
[10:07] {cipher} THRX L .49
[10:07] {nemo} on algo nothing but green
[10:08] {cipher} SBNY L .03
01[10:08] {Threei}  SPY goes for 160
[10:08] {nemo} vx dropping...
[10:12] {Les} C long .00?
[10:12] {Les} nah
01[10:12] {Threei} Short Setup: TROW  .98 break
01[10:13] {Threei}  If holds  .09
01[10:13] {Threei}  .08, sorry
01[10:14] {Threei}  slow one, don't take it if not willing to wait
[10:14] {Les} C hsort .95 holding .05?
[10:14] {Les} could turn into c&h
01[10:15] {Threei}  S rather looks like long to me
01[10:15] {Threei}  C
[10:15] {Les} k
[10:16] {cipher} out THRX .82 +.33
[10:16] {dino} wyn sm l .93
[10:16] {thomcbell} short stup possible here aig
[10:16] {thomcbell} waitin g
01[10:20] {Threei} Long Setup:  GG  .45 break
01[10:21] {Threei}  If holds  .35
01[10:22] {Threei}  Invalidated
[10:22] {cipher} out SBNY .10 +.07
[10:24] {Les} JPM 49 break long?
[10:24] {Les} holdgin .95?
01[10:25] {Threei}  yes
[10:25] {thomcbell} thc was a bad cover
[10:27] {dino} ditto
01[10:32] {Threei}  not liking today's market
01[10:33] {Threei}  slim pickings
[10:33] {dino} same
[10:36] {thomcbell} kors long setup 57.21 long break half lot
01[10:37] {Threei} Long Setup:  CAT  .70 break
01[10:37] {Threei}  If holds  .60
[10:41] {thomcbell} jca looks a bit vulnerable here too
[10:41] {thomcbell} hca
01[10:42] {Threei}  Invalidated
[10:42] {jdetente} CAT triggered didn't it?
01[10:42] {Threei}  it did?
01[10:42] {Threei}  must have looked away
[10:43] {jdetente} yeah hit .73
[10:43] {nemo} iwm bull flagging
[10:43] {thomcbell} kors invalid
[10:44] {nemo} fas about to break highs
01[10:44] {Threei}  crawl up and stall market... one I hate the most
[10:45] {nemo} vodka then
01[10:45] {Threei}  did we have it too easy for too long? :)
[10:45] {Les} or tight ass day signalling change may be coming...
[10:45] {Will49} very poetic...crawl up and stall :)
[10:45] {nemo} sounds like Les' sex life
[10:45] {Les} I like crawl up and vomit
[10:46] {Will49} LOL
[10:46] {Les} not bad not bad
[10:46] {nemo} Redux is inspiring me
[10:46] {nemo} although, at the moment, all I'm seeing is the ass-end
[10:50] {dino} wyn stop -82 -.11
[10:54] {stevw} CAT interesting? symmetrical continuation triangle? c&h?
01[10:55] {Threei}  well, it's the same setup that failed last time
01[10:55] {Threei}  don't know
01[10:55] {Threei}  may work second time arond, may fail again
01[10:56] {Threei}  this is what patternless days are
[10:57] {Les} tight stop on LVS bounce at 55 might offer decent r/r
[11:02] {jdetente} sure is patternless. same failure on CAT again.
[11:03] {thomcbell} thc looks like possible 44 break short
[11:03] {thomcbell} if holding 44.10
01[11:03] {Threei}  yeah, that's why I don't want to be stubborn and try to break the wall with my forehead
[11:04] {dino} auxl sm l .15 stop lod
[11:04] {thomcbell} thc invalid
[11:05] {nemo} didn't expect to be nursemaiding a rabbit through a syringe...sheesh...gonna' ruin my reputation
[11:05] {jdetente} used to doing it all natural?
[11:05] {Les} what u feed it?
[11:06] {Les} feeding
[11:06] {Will49} nice pic of rabbit in your weekend report
[11:06] {dino} lol
[11:06] {nemo} that's bunny...Redux just showed up last night...currently Heavy Cream...nephew going for the specialty stuff after school
[11:07] {nemo} jdetente..not bad...remind me to kill you later
[11:07] {cipher} NXST L .20
[11:07] {nemo} picture of Redux
[11:08] {dino} whats redux?
[11:08] {thomcbell} thc 2 sided obviously
[11:08] {nemo} new one's name
[11:08] {thomcbell} wow
[11:08] {dino} another bunny?
[11:08] {nemo} yeah, nephew found a baby in the middle of the street last night on the way home from his girlfriends'
[11:09] {nemo} Bunny was apoplectic..she's never been around another rabbit
[11:09] {nemo} The baby was trying to nurse off her...she was spastic
[11:09] {Will49} are they the same sex?
[11:09] {nemo} don't think so...Redux gonna' have to find a home
[11:09] {nemo} that's all I need...Night of the Lepus
[11:10] {Will49} LOL
[11:10] {dino} cyt sm l .50
[11:10] {thomcbell} looting for a double bottom somehwere near pivot in kors
[11:13] {Les} looking at MON following this EU decision to ban neonicotinoids. might be lower high forming here following the 25th
01[11:14] {Threei} Long Setup:  NFX  .10 break
[11:14] {Les} 15 min time frame
[11:15] {thomcbell} kors still on left side
[11:16] {Les} daily first high 11 April could be making lower high here
[11:23] {dino} out cyt .01, +.51
[11:24] {cipher} wtg
[11:24] {dino} ty
[11:26] {dino} auxl stuck, stop to .99
01[11:26] {Threei}  NFX stop .04
01[11:28] {Threei}  1:1
[11:29] {thomcbell} kors 56.20 break if holding 56.10
[11:29] {thomcbell} invalid
[11:29] {thomcbell} will still watch for similar setup
[11:30] {thomcbell} probably has one more flush in it
[11:31] {Les} CYT
[11:32] {cipher} NXST L .15
[11:33] {cipher} KORS L.10
[11:35] {dino} auxl stop -.17
[11:38] {cipher} KORS stopped .14 +.04
[11:39] {nemo} kors long setup here
01[11:41] {Threei} Long Setup:  GDX  .10 breal
01[11:41] {Threei}  aggressive for .20
01[11:46] {Threei}  volume is 21% below 3-month ave for NYSE, 17 for NASDAQ
01[11:46] {Threei}  that's where lack of follow-through comes from
01[11:47] {Threei}  our winning percentage goes through the roof when we have decent volume and retreats when volume dries up
[11:48] {thomcbell} thc again
[11:48] {thomcbell} looks vulnerable
[11:53] {dino} taking break
[11:54] {nemo} sina might be bottoming
[11:54] {thomcbell} kors not bad cipher
[11:55] {cipher} ACAD L.20
[11:55] {nemo} cipher got out at .14
[11:57] {cipher} yeah bailed out
[11:57] {nemo} yeah, hard to hang out in the drift
01[11:57] {Threei}  listless
01[11:57] {Threei}  breakouts don't work, reversals don't wprk
01[11:58] {Threei}  if GDX falis, aggressive doesn't work either
01[11:58] {Threei}  what else is left?
[11:58] {Will49} vodka
01[11:58] {Threei}  well, yeah... lol
[11:58] {Will49} or BC flag
01[11:59] {Threei}  meh
[11:59] {Will49} speaking of BC dp still with us?
[12:00] {nemo} back in rehab
[12:00] {Will49} :)
[12:00] {nemo} all his friends are there, he gets lonely
[12:00] {nemo} GMCR coming into bounce territory
[12:03] {cipher} SHLD L .88
01[12:05] {Threei}  here comes next SPY push
[12:06] {cipher} out ACAD .31 +.11
[12:11] {cipher} out SHLD flat
01[12:12] {Threei} Long Setup:  TNA  .15 break
01[12:12] {Threei}  If holds  .05
01[12:24] {Threei}  ok TNA, break .20 and move your frikin butt
01[12:28] {Threei}  this one is my personal present to nemo:
01[12:29] {Threei}  Alcohol doesn't help you find an answer. It helps forget the question.
01[12:37] {Threei}  sheesh
06[12:37] * Threei kicks TNA un the rear
[12:38] {Les} THC might, MIGHT be breaking its range here
[12:43] {Les} out tna flat dinner time
[12:56] {cipher} MON S .31
[12:56] {jdetente} what a stay in bed.
01[12:58] {Threei}  no kidding
[12:59] {dino} indeed. most activity i had was walking dog in the rain this morning
[12:59] {Les} :) how's weather your way dino?
[13:00] {dino} 50 f and rain
01[13:00] {Threei} Short Setup: GG  .85 break
01[13:00] {Threei}  If holds  .95
[13:02] {dino} chh db?
[13:02] {cipher} NXST S .00
[13:03] {cipher} cov .62 +.38
[13:03] {dino} nice
[13:03] {cipher} TY
[13:03] {cipher} cov MON .21 +.10
01[13:03] {Threei}  CHH is a nightmare :)
[13:06] {cipher} NXST L.75
01[13:06] {Threei}  GLD spikes
01[13:06] {Threei}  makes GG a questionable short
[13:07] {nemo} nsc bounce area
[13:09] {stevw} C on a 47 break or are we too much into a midday drift?
[13:10] {backman} GG ...tighten stop?
01[13:10] {Threei}  I would still take this C break, stev
01[13:10] {Threei}  bman, yes but only when it makes new low
01[13:10] {Threei}  then tighten to .91
[13:11] {backman} tu
[13:12] {cipher} ANGI L .37
[13:16] {cipher} out NXST .06 +.31
[13:16] {cipher} ANGI stopped .40 +.03
01[13:19] {Threei}  if GG doesn't work, I'll my keyboard
01[13:19] {Threei}  I'll eat my keyboard
[13:20] {Les} got a vid cam setup on yer pc?
01[13:20] {Threei}  no
01[13:20] {Threei}  I am a luddite
[13:20] {Les} :(
[13:22] {jdetente} please beat GG over the head
[13:22] {jdetente} (Les too)
[13:22] {jdetente} hehe
06[13:22] * Threei hits GG over the head with 2x4
01[13:23] {Threei}  hey, violence works
01[13:23] {Threei}  believe it or not, 1:1
[13:23] {jdetente} ahh perfect timing
[13:23] {Les} thank god for gold miners
[13:24] {Les} nice jd. Nemo wannabe I label you
[13:25] {nemo} ?
[13:25] {nemo} o.k. if NSC gonna' bounce should be here
[13:26] {nemo} well, maybe .40
01[13:26] {Threei}  not that it omptoves the day much but still: over this weekend I have recieved over 1200 likes on one my photos. First time ever seeing such numbers
[13:26] {Les} whichn one
01[13:27] {Threei}
[13:28] {Les} guessing its yer canuck eastern neighbours wishing they were somewhere else :)
01[13:29] {Threei}  nope, that was worldwide
[13:29] {Les} cool
01[13:29] {Threei}  come on C
01[13:29] {Threei}  break and run
01[13:30] {Threei}  ummm... break and enter?
[13:30] {jdetente} and then GG can continue to break down
[13:33] {cipher} ITRI L .18
[13:34] {nemo} gmcr at morning breakout level
[13:35] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
01[13:35] {Threei}  continuing with threats that seem to be working: if C doesn't work, I'll cut my wrist with banana
[13:36] {nemo} I'm going to check on Redux
[13:38] {cipher} ITRI stopped .15 -.03
[13:43] {Les} SPY smiley face chart pattern
01[13:45] {Threei}  I know only one smiley face chart pattern: one that works
[13:45] {Les} not bad
[13:45] {Les} maybe a handle to add to that cup
01[13:45] {Threei}  today most are "shrugging shoulders in irritated resignation" chart pattern
[13:46] {jdetente} or full moon patterns...that's what the stocks are showing us at least
[13:46] {Les} oughta make that one official
01[13:48] {Threei}  hey, C is no moon
[13:48] {jdetente} I didn't say all stocks
[13:48] {jdetente} just the ones that don't work haha
01[13:48] {Threei}  C is your friendly wholesome banker, with morals, ethics and caring attitude
01[13:49] {Threei}  now wait for me while I stop laughing uncontrollably
[13:49] {Les} pathological is the term used in public recently I think
01[13:49] {Threei}  that's wrong word
01[13:49] {Threei}  "pathological nature of Wall Street" is oxymoron
[13:50] {Les} heh you're right
01[13:50] {Threei}  if it's a nature it can't be pathologica
[13:52] {Les} no, but pathologization can be used to define behaviour and is synonymous with disease... quoting wiki
[13:55] {dino} rit
01[13:55] {Threei}  well, either wall street's nature is patholofical from the point of view of an outsider, or its nature is normal and it deviated from its nature... which one is it?
[13:55] {stevw} TNA seems to want to have another go at it
01[13:56] {Threei}  yeah, SPY prepares breakout, so TNA follows
[13:57] {jdetente} C stuck in the mud
[13:57] {jdetente} giving us the half moon
[13:58] {stevw} 47 was firm resistance, maybe it'll be good support now
[14:02] {stevw} or not
06[14:03] * Threei is reaching for banana
01[14:09] {Threei}  keeping stop at .94
[14:15] {dino} rit sm l .34
[14:16] {jdetente} full moon
01[14:16] {Threei}  well, it's a half-sized stop
01[14:16] {Threei}  so I am not sure how to qualify it
[14:17] {nemo} these are index short setups, but I don't trust them
01[14:22] {Threei} Short Setup: GLD  .95 break
01[14:23] {Threei}  If holds  .05
01[14:25] {Threei}  Invalidated
01[14:31] {Threei} Short Setup: GLD  .10 break
01[14:37] {Threei}  1:1
[14:50] {thomcbell} kors small long here 55.99 stop
[14:53] {dino} lote crazy
[14:55] {thomcbell} how did u come across that one
[14:55] {nemo} don't tell him about the chickens
[14:55] {dino} kicking across my 07 scanner
[14:56] {dino} the says its a fraud
[14:56] {dino} can't borrow
[15:01] {Les} strange stock, t&s and level 2 LOTE
01[15:02] {Threei}  my newsfeed doesn't even show it as a real stock, lol
01[15:04] {Threei}  can this really happen that we'd got more than a scalp on GLD?
01[15:04] {Threei}  it better. 'cause I am still working on the banana cutting the wrist
[15:08] {cipher} UNXL L .14
[15:11] {cipher} out .49 +.35
[15:11] {Les} miners returning to morning lows
[15:17] {dino} aegr
[15:17] {Les} small bounce may produce downsloaping h&s on DE. may just drop lower
[15:20] {dino} aegr sm s .72
[15:20] {nemo} where's vwap Les?
[15:20] {Les} why?
[15:21] {Les} PVH might interst you dino
01[15:22] {Threei}  nope, no miracles - merely a scalp GLD
[15:22] {Les} better call your fruit merchant for spare bananas
[15:23] {Les} there, downsloping h&s on DE. let's see what this does
[15:23] {Les} PVH short .40 holding .50?
01[15:24] {Threei}  hl
01[15:24] {Threei}  volatile one
[15:26] {dino} cov aegr .26, +.46
[15:28] {dino} out rit .20, -.14
[15:29] {dino} aegr again spike
[15:35] {Les} banksters obviously haven't been clued into this rally
[15:36] {Les} not a word nemo
[15:36] {nemo} o.k. Les, I'll give you a mulligan
01[15:36] {Threei}  probably worth a try, C short
01[15:37] {Threei} Short Setup: C  .75 break
[15:38] {dino} vc drop
[15:42] {dino} aegr something else
[15:45] {Les} DE pays well from its breakdown at .25
01[15:47] {Threei}  time's running out
[15:47] {Les} PVH 1:1
01[15:48] {Threei}  yup
01[15:48] {Threei}  well, that wasn't our day overall
[15:48] {Les} DE 1:3, PVH 1:2 really gotta wait for the final hour on such a day
[15:49] {Les} knowing when to stop is what trips me up
[15:49] {dino} gj les
[15:51] {Les} too much damage done prior dino, something to work on
[15:51] {cipher} AEGR L .60
[15:51] {cipher} out .79
[15:51] {dino} bummer. i was 3 of 6, but my wins were 2x-3x my stops, so overall ok
01[15:52] {Threei}  that's how our Friday went
[15:52] {Les} c u's for turnaround tuesday
[15:52] {Will49} cheers guys....see you tomorrow
01[15:52] {Threei}  today, just too low percentage of wins
01[15:52] {Threei}  aka clusterf*&k
[15:52] {dino} lol
[15:53] {dino} damn cipher, i was going to short aegr again, but saw him go long
[15:53] {dino} don't like to go againnst his setups
[15:54] {dino} calling it a day, thanks all
[15:54] {cipher} VPRT L.29
01[15:56] {Threei}  thank you all, have a good evening
01[15:56] {Threei}  qwe will get them tomorrow
[15:57] {cipher} stopped .32 +.03
[15:58] {jdetente} gn all