Monday, May 6, 2013

May 06 2013

Very decent day despite low volume and slow climb type of the market. Finishing nicely profitable, with many good trades under the belt.

Session Time: Mon May 06 00:00:00 2013
[03:33] {KSystems} GM
[03:42] {KSystems} l GCLM3 96.15 tgt 96.40 stp 95.90
[04:05] {KSystems} out GCLM3 +0.25
[09:03] {dino} gm
[09:03] {stevw} g'mornin
01[09:04] {Threei}  morning dino, stev
[09:05] {cipher} gm
[09:05] {cc_9} Morning fellas.
01[09:05] {Threei}  cipher, cc9 :)
[09:05] {nemo} fellas?
[09:06] {nemo} oh, right...Les isn't here
[09:08] {thomcbell} GM all
[09:09] {patel} morning
01[09:09] {Threei}  tbell, patel :)
[09:09] {Les} good afternoon
01[09:10] {Threei}  les :)
[09:17] {Alexs} gm
01[09:17] {Threei}  alex :)
[09:18] {ese} good morning Houston..........errrrrrrrrr I mean vad et al
01[09:18] {Threei}  ese :)
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:20] {Les} you gonna sit still one week ese? :)
[09:20] {backman} gm
[09:21] {ese} mornin les.........yes.......i'm travelled out for a bit
01[09:22] {Threei}  bman :)
[09:25] {dino} line fills gap march
01[09:32] {Threei} Long Setup:  GDX  .70 break
01[09:32] {Threei}  If holds  .60
[09:33] {dino} line sm l .15
[09:34] {thomcbell} lvs nasty
01[09:35] {Threei}  not tradeable at the open
01[09:35] {Threei}  1:1
[09:36] {thomcbell} aig?
01[09:38] {Threei} Short Setup: AIG  .20 break
01[09:38] {Threei}  hl
01[09:38] {Threei}  If holds  .30
01[09:40] {Threei} Long Setup:  CAT  .15 break hl
01[09:40] {Threei}  If holds  .05
[09:40] {dino} line stop -.24
[09:45] {Les} slw .40 b/down holding .50?
[09:45] {jdetente} belated gm
01[09:45] {Threei}  jd :)
01[09:45] {Threei}  yes SLW
01[09:50] {Threei}  no go CAT
[09:51] {Les} gdx short 87?
[09:51] {Les} sorry wrong ticker
[09:51] {Les} cat short 87?
[09:51] {ese} L himx .81
01[09:52] {Threei}  please, let's hold questions for the first 30-40 mon
01[09:54] {Threei} Long Setup:  GDX  .60 break
01[09:54] {Threei}  If holds  .55
01[09:55] {Threei}  still valid
[09:56] {Les} c small short .47 holding .57
[09:57] {jdetente} thanks for SLW Les...out on trail
[09:57] {Les} np
[09:58] {Les} cover half c
[09:58] {Les} C double top it was
01[09:58] {Threei} Long Setup:  AIG  .50 break
01[09:59] {Threei}  If holds  .40
[10:00] {thomcbell} all 3d stocks doing well except prlb
[10:00] {ese} out himx .92 +.11
01[10:01] {Threei}  1:1
[10:01] {RonS} wtg
[10:01] {Les} scalped ty 3 trades is too many
[10:02] {Les} partial gdx ty
01[10:02] {Threei}  (EU) Germany Fin Min Schaeuble: - Germany does not need to lecture France about reform.
01[10:02] {Threei}  but we will anyway
[10:02] {cipher} CYBX L.95
[10:02] {Les} like they could resist this little spat developing
01[10:03] {Threei}  out GDX in full
[10:03] {Les} me 2ty
01[10:03] {Threei}  yw
[10:03] {Les} btw , C is dt in your book?
[10:03] {Les} looks like it to me
[10:04] {dino} adnc sm l .83
[10:04] {ese} L line .06
[10:04] {dino} hgsh drop
01[10:04] {Threei}  les... keep it till market quiets down, can you?? :)
[10:04] {Les} sorry
[10:05] {dino} sgmo sm l .24
[10:06] {dino} ipgp sm l .00 gappy sucker
[10:06] {nemo} it's the frickin' ritalin
[10:07] {Les} JPM
[10:07] {Les} yep
[10:07] {nemo} mnst
[10:07] {Les} short jpm very small .17
[10:07] {Les} stop is clear
[10:09] {nemo} expe
[10:10] {dino} ctb spike
[10:11] {Les} JPM stopped squeezing
[10:11] {Les} it is squeezing
01[10:12] {Threei}  C 1:2, out
[10:12] {jdetente} AIG 1:2. Thanka Vad
[10:12] {Les} c last quarter stopped
[10:12] {jdetente} *thanks
01[10:12] {Threei}  :)
[10:13] {dino} ctb sm s .98
[10:13] {Les} can I speak?
01[10:13] {Threei}  that was AIG, sorry, not C'
[10:13] {nemo} shutup Les
[10:13] {Les} ....
[10:14] {nemo} they got the transports to new highs today
[10:14] {jdetente} holding a quarter for 1:3 on be quiet Les :p
[10:14] {Les} banksters stalling
[10:14] {RonS} took mnst .36 to .92  +.56 thanks nemo
01[10:14] {Threei}  wtg
[10:14] {cipher} HGSH L.40
[10:14] {Will49} nice one Ron
[10:14] {nemo}  sure Ron dcc please
[10:18] {Les} cup and handles forming on slw/GDX?
[10:19] {dino} alk spike
01[10:19] {Threei}  hard to tell
[10:19] {Les} certainly no enthusiasm
[10:20] {dino} out sgmo .39, +.15
[10:25] {Les} jpm .35 long?
[10:26] {Les} holding .25?
[10:26] {Les} looks like it wants to break but how far it can go...?
01[10:26] {Threei}  yup
01[10:27] {Threei}  who knows... if SPY breaks .75m it's aetup
01[10:27] {Threei}  just let it trade
[10:27] {Les} k
[10:28] {RonS} ese IQNT into a huge gap
[10:29] {RonS} huge volume and price gap...pretty rare
[10:29] {RonS} should re-test 5.00 and go...
[10:30] {dino} ctb stop .15 -.17
[10:30] {ese} stopped line .95 -.11
[10:30] {ese} tks ron
[10:31] {ese} I look of that one Ron
[10:31] {ese} I like
[10:31] {ese} the
[10:34] {ese} l iqnt .17
[10:35] {jdetente} took the last out on AIG 1:4
[10:35] {jdetente} thanks again Vad
01[10:35] {Threei}  :)
[10:37] {nemo} bbby setting up for short
[10:39] {dino} ctb sm s .35
[10:40] {nemo} bbby should be good to .30 area
[10:40] {jdetente} JPM meh
[10:40] {Les} walked into that one
[10:41] {cipher} out HGSH .68 +.28
[10:43] {cipher} LNCO L .71
[10:43] {cipher} out .84 +.13
[10:47] {Les} TLT stop flush of fridays low
[10:47] {ese} ron in iqnt?
[10:48] {RonS} was trying to get pullback...knew it was your type
[10:48] {RonS} HLF lighting up the shorts
[10:49] {nemo} looking for indexes to bounce at vwap
[10:49] {nemo} this market is lighting up the shorts
[10:49] {ese} in with 2400 of the little blighters.....gonna exit half at .50 and see what happens from therel.....with stop at break even for the balance
[10:52] {dino} alk sm s .61
[10:54] {Les} watch TLT for failed break of 121
[10:54] {Les} but if it keeps going...
01[10:56] {Threei} Short Setup: CAT  .45 break hl
[10:56] {cipher} MSG L .04
01[10:59] {Threei}  1:1
[11:00] {dino} cov ctb .00, +.35
[11:00] {nemo} like iwm spy or fas long here
01[11:02] {Threei}  1:2
[11:03] {cipher} TNA L .75
[11:04] {nemo} rost coming into bounce territory
[11:04] {dino} alk stop .77, -.16
[11:04] {Les} c c&H?
[11:04] {Les} .65 long?
[11:05] {Les} relative strength showing to FAS and JPM
[11:05] {nemo} volume just came in ros
01[11:05] {Threei}  can't tell C
01[11:06] {Threei}  this is not normal C&H
[11:06] {Les} yeh I c it hahaha
[11:09] {cipher} out TNA .85 +.10
[11:09] {nemo} looks like spy and IWM might test the pivot
01[11:10] {Threei}  e-mail from someone who hasn't signed it but I think I have pretty good idea, and you will too:
[11:10] {nemo} oh, the douchebag?
01[11:10] {Threei}  As a matter of recortd, please note: I hated everyone before it became mainstream.
[11:10] {Les} that's private vad
[11:10] {nemo} get my email Les?
[11:10] {Les} fas potential DB
01[11:11] {Threei}  last piece of CAT stopped on a trail
[11:13] {Les} long fas .12 stop is clear
[11:13] {Les} interesting colour nemo, a particular species?
[11:13] {nemo} northeast cottontail
01[11:14] {Threei} Short Setup: FB  .70 break
[11:16] {nemo} mnst looks short
[11:17] {Les} TLT straight back to the lows.
[11:17] {dino} line sm l .52
[11:18] {dino} out ipgp .40, +.40
[11:18] {dino} out line .83, +.31
[11:19] {cipher} LQDT drop
[11:19] {backman} .10 on FB?....or looser?
01[11:19] {Threei}  above .80 for now
[11:20] {cipher} MSG stopped .99 -.05
[11:20] {thomcbell} knicks looked terrible
[11:24] {cipher} LQDT L.51
[11:26] {ese} L 1/2 line .96
[11:28] {ese} out line .12 +.14
[11:28] {ese} nice one with line dino........i caught it to late
[11:30] {Les} screw FAS that ruined the party. made 1:1 without me
[11:31] {dino} ty
[11:32] {cipher} LQDT stopped .46 -.05
[11:33] {dptl} good morning all
[11:34] {Les} decent h&s on spy here
[11:34] {Les} hi dp
[11:34] {Will49} hey DP
[11:34] {Will49} dp
[11:34] {Les} vol. in IWM
01[11:35] {Threei}  dp :)
[11:38] {backman} FB stop unch?
[11:40] {dino} taking a break
01[11:41] {Threei}  let's trail it to .76
[11:42] {ese} out 1/2 iqnt .47 +.30   good enough balance to break even .18
[11:42] {ese} tks Ron
[11:44] {Les} bankster rinse suck in those shorts for fuel
[11:48] {dptl} STX .90 short?
01[11:49] {Threei}  1:1
[11:50] {ese} hey dp.........took a look at that symbol and thought about STAX records in Memphis........phew........hought lI was halucinating
01[11:51] {Threei}  STX, yes
[11:51] {RonS} 'cause you just did a 1/2 line...
01[11:51] {Threei}  if holds .96
[11:55] {ese} hmmmmmmm........took me a bit to get that joke ron.........
[11:57] {Will49} musician joke
[11:58] {ese} not any more........the industry has cleaned up a little bit
[11:58] {Will49} operative word "little"
[11:58] {Will49} :)
[12:04] {dptl} invalidated STX
[12:06] {dino} mbi
[12:10] {RonS} halt
[12:10] {RonS} Bank of America $BAC bond insurer MBIA $MBI reached USD 1.7bln in settlement
[12:11] {RonS} "@Benzinga: DJ Reporting BofA to Take 5% Stake in MBIA
[12:14] {RonS} mtg
01[12:15] {Threei}  volume is about 15% below 3-months average
[12:16] {Les} and they getting jiggy with FAS during lunch... nice
[12:25] {dptl} COH .65 short?
01[12:25] {Threei}  hl
01[12:26] {Threei}  charts good but it can get jumpy sometimes
[12:27] {dptl} hmm..didt get it...dont want to chase
[12:30] {dptl} is STX valid again?
[12:33] {dptl} nah
[12:42] {thomcbell} jpm 48.26 break if holding 48.16
01[12:51] {Threei} Long Setup:  TNA  .35 break
01[12:51] {Threei}  If holds  .25
[12:51] {thomcbell} jpm 1:1
[12:52] {thomcbell} second half to break even
[12:55] {thomcbell} long setup gnw 10.60 break - already thru but i never typed it
[12:55] {thomcbell} bidding there for a minute or so
01[12:57] {Threei}  Invalidated
[13:04] {thomcbell} jpm stop to 48.29 on second half
[13:04] {thomcbell} time of day
[13:07] {RonS} C closing in on 52 week high...
[13:08] {thomcbell} jpm  flat
[13:09] {nemo} C&H on FAS or DT?
[13:10] {Les} FAS being held back by IWM. TNA around 45 is interesting
[13:12] {cc_9} MBI is the afternoon's crack
[13:12] {nemo} yeah
[13:15] {RonS} nemo, dcc por favor
03[13:21] * Retrieving #discussions modes...
01[13:24] {Threei} Long Setup:  CAT  .45 break hl
01[13:24] {Threei}  If holds  .35
01[13:25] {Threei}  German euro founder calls for 'catastrophic' currency to be broken
01[13:26] {Threei}  as Karl Marx said in soviet joke... "Proletariat of all countries... I am so sorry"
[13:27] {Les} for opening his mouth or having government screw his ideas?
01[13:27] {Threei}  you think his ideas needed someone's help to screw all who followed them?
[13:28] {Les} I like his analysis
[13:28] {Les} his prognosis and medication have killed the patient many times over
01[13:28] {Threei}  I am talking about his idea of the scoiety
[13:28] {dptl} FB long?
01[13:29] {Threei}  don't know
01[13:29] {Threei}  his analysis are as ideology-soaked as his ideas how to cuild the society
[13:30] {Les} sure. everybody harbors ideology
[13:30] {Les} of one stripe or another
[13:30] {Les} got a friend who used to be a red book carry communist
[13:30] {Les} carrying
01[13:31] {Threei}  until sobered up?
[13:31] {Les} the evolution of labor as Marx could see it was clear
[13:31] {Les} as my friend describes it
[13:31] {Les} from slave
[13:31] {Les} to serf
[13:31] {Les} to bondmen
[13:32] {jdetente} Marx was a loser...he never worked
[13:32] {Les} to paid laborer
[13:32] {Les} like i said, his analysis was interesting
[13:32] {jdetente} he just imagined the plight of the working man...never experiencing it himself
[13:32] {Les} his conclusions wrong
[13:32] {Les} yes number of german thinkers guilty of such
01[13:32] {Threei} Short Setup: GDX  .60 break
01[13:33] {Threei}  and he created this mental construction that sounded so good for ivory type dreamer... and turned out to be a blood bath for untol millions
01[13:34] {Threei}  yet all over the world there are countless imbeciles that still believe in the idea... like Les's friend
[13:34] {Les} Nietzche has some interesting things to say, but seeing gleaming cavalry soldiers as the 'uber men' of the future - he was a medically discharged weakling with no stomach for blood - was equally stupid
[13:35] {Les} oh, my friend is the same one who is sure that trading doesn't work
01[13:35] {Threei}  as I said...
[13:36] {Les} these are the guys running the education system here
01[13:36] {Threei}  he at least believes in gravity, right?
[13:37] {Les} guess he'll learn that when 2nd homes collapse in price ;)
[13:37] {Les} he's counting on inflation...
[13:40] {Les} last time I checked, President Hollande was bringing French economy to earth post-haste, and my friend bought in france
[13:42] {RonS} is the VP Belgium?
[13:42] {Les} ?
[13:43] {RonS} Holland...Belgium...Treasury sec Lux M. Borg  etc...
01[13:44] {Threei}  well, at least he is faithful to his ideology - socialists take over France, your card carrying communist friend buys property there
[13:44] {Les} and he's a very well paid bureaucrat functionary
[13:44] {Les} has all defaults
01[13:44] {Threei}  tell him also to open a business there, and he will be totally true to his beliefs
01[13:46] {Threei}  just don't tell him that when his compatriots spill over to the streets, it's his well-paid intestines that they will spill too. Let him find out what communism is like on his own
[13:47] {dptl} GDX stop would be above .70?
[13:47] {jdetente} didn't trigger I don't believe
[13:48] {dptl} not yet
01[13:48] {Threei}  .70 for now
[13:48] {dptl} k
01[13:53] {Threei}  Buford Rogers, 24, arrested in Minn. in what FBI calls "terror attack...disrupted"
[13:54] {Will49} aren't half the guys in prison named Buford?
01[13:54] {Threei}  lol
01[13:55] {Threei}  so... we had record breaking 28C yesterday,
[13:55] {Will49} yeah, wasn't it great?
01[13:55] {Threei}  and sure enough, crazies came from under every rock to talk about global warming
01[13:55] {Threei}  someone suggested to look at the winter east coast just had,
[13:56] {jdetente} 1:1 on CAT...
01[13:56] {Threei}  to which they said "well, that was local deviation"
[13:56] {Les} winter still clinging in europe
[13:56] {Will49} the number of "denyers" is rising every day
[13:56] {Will49} denie-ers
01[13:57] {Threei}  why that is deviation and not our fluke heat spike, they couldn't answer
01[13:57] {Threei}  you think Will?
01[13:57] {Threei}  I see Green party rising in numbers
[13:57] {Will49} iIMHO
[13:58] {Will49} that;s Vanc Island for you
01[13:58] {Threei}  could be... flowerbed of stoned environmentalists
[13:58] {Will49} was referring to number of scientist that are changing their minds
01[13:58] {Threei}  ah
[13:59] {Will49} BC flag and all that....
[13:59] {dptl} lol
[13:59] {Will49} new that would get your attention dp :)
[14:00] {Will49} knew
[14:00] {dptl} :)
01[14:00] {Threei}  dp is against global warming... thnat would increase his electricity spending, to keep vodka cold
[14:00] {Will49} good thinking
[14:00] {dptl} :) thats right
01[14:01] {Threei}  I remember he was very concerned about some solar protuberance, for this very reason
[14:01] {Les} better to drink whisky then in global warming
01[14:01] {Threei}  phoned me to discuss at what temp vodka might go bad
[14:01] {Les} fridge free single malt
[14:02] {dptl} lol
01[14:02] {Threei}  was very relieved to find out that if you inject it in the watermelon it stays nice and cool
01[14:03] {Threei}  just don't inject it in raw potatoe... kind of hard to eat
[14:03] {dptl} ahh...thouse watermelons....:)
[14:03] {Will49} now, now dp...he means the fruit
01[14:03] {Threei}  lol
[14:04] {dptl} lol
01[14:04] {Threei}  come on GDX, trigger, or there is no telling where this conversation ends up
01[14:05] {Threei}  frikin CAT
[14:05] {jdetente} did CAT invalidate...I took it, never saw it break below .35
[14:06] {Will49} so did I
01[14:06] {Threei}  it didn't
01[14:06] {Threei}  I forgot about it, got distracted
[14:06] {jdetente} ahhh
[14:06] {Will49} watermelons:)
[14:07] {jdetente} too much melon talk
01[14:07] {Threei}  but I elect to blame CAT for that
[14:07] {jdetente} sweet juicy watermelons
[14:07] {jdetente} lol
01[14:07] {Threei}  go away :)
[14:07] {Will49} hahaha
[14:08] {Will49} as the weather warms up here, you see a lot more of the watermelons
[14:08] {dptl} see what just talk about it does....:)
[14:08] {jdetente} 1:2
[14:08] {Will49} yeah baby
[14:09] {Les} short TLT .35 holdign .45?
01[14:09] {Threei}  can't tell
[14:10] {jdetente} 1:3 out
01[14:10] {Threei}  can reverse here just as well, 50/50
[14:11] {Les} yeh
01[14:11] {Threei}  wtg jd
[14:11] {Will49} tks jd
[14:11] {jdetente} don't thank me...thank Vad
[14:11] {Will49} and Vad
[14:11] {jdetente} and the watermelons
[14:12] {Will49} :)
01[14:12] {Threei}  yeah, what's up qwith that?? I make a call, jd gets thanks... sniff sniff
06[14:13] * Threei removes himself in the monastery, to live on a watermelon diet
[14:13] {jdetente} lol...thanks Vad
[14:13] {Will49} thank SOOOOO much Vad
06[14:13] * Threei pack syringe for vodka injections
[14:13] {dptl} i'll be visiting you there Vad
[14:13] {Will49} lol
[14:14] {Will49} when the next ferry leave?
01[14:14] {Threei}  yup, it should be cold enough in Tobet mountains
01[14:14] {Threei}  Tibet
01[14:15] {Threei} Long Setup:  C  .80 break
[14:15] {dptl} so easy to meditate with that diet
[14:15] {Les} looking at fas too .75 breakout is close
01[14:15] {Threei}  lol
01[14:15] {Threei}  If holds  .75
[14:22] {Les} spy 162 gotta be pissin the bears off
01[14:24] {Threei}  you mean uop to this point they were content?
01[14:24] {Threei}  those must be some serene bears...
[14:24] {Will49} fremented watermelon
[14:24] {Les} whatever narrative they had for market reversal has fallen by the wayside
[14:24] {Will49} fermented
[14:25] {Will49} Will tries to get conversation back to watrermelons
[14:26] {jdetente} after the bears reverse course and go long...the market will tank. :)
01[14:26] {Threei}  well, turning bears into bulls is some radical surgery, no?...
[14:26] {Les} just cut off their er... melons
[14:26] {jdetente} lol
[14:26] {Will49} lol
01[14:27] {Threei}  I didn't mean into female bears
01[14:29] {Threei}  no go
[14:30] {dptl} yeah
[14:30] {jdetente} oh well
[14:34] {dptl} VLO .45 short?
01[14:35] {Threei}  I'd prefer .50 recross short if it goes above .50 but stays under .55
[14:35] {dptl} k
[14:35] {Les} OSTK sm short .65
[14:36] {Les} holding .75 stop
01[14:37] {Threei}  7 cents spread?
[14:38] {Les} hl
01[14:38] {Threei}  doesn't matter - how do you kwep 10 cents stop with 7 cents spread
[14:38] {Les} with great difficulty
[14:38] {Les} but I see your point
01[14:39] {Threei}  worst thing is not even slippage on execution'
01[14:40] {Threei}  worst thing is, spread expkands beyong .75, what do you do?
[14:40] {Les} get the frick out
01[14:40] {Threei}  which is very likely to create situation where your prints are the only ones at those highs :)
[14:41] {Les} so... a .15 stop?
01[14:41] {Threei}  see what I mean? It's not TRADING above .75, it's just spread expanding there
01[14:41] {Threei}  I don't know
01[14:41] {Threei}  stop must be dictated by chart
[14:42] {dptl} VLO .50 short?
01[14:42] {Threei}  it was
01[14:42] {Threei}  it fylfilled all the conditions I described
[14:42] {dptl} missed it
[14:42] {dptl} yep
[14:43] {Les} yeh I see it
01[14:43] {Threei}  there you go
01[14:43] {Threei}  what do you do now?
01[14:44] {Threei}  some stocks are simply untradeable in the way we usually do it
01[14:44] {Threei}  they are more of a dino/cipher territory
01[14:44] {Threei}  now, allow me this question which I hope will turn your thoughts in different direction:
[14:45] {Les} then its these volume spikes I require for entry
01[14:45] {Threei}  having a killer day we had, in a low volume market like this, no less... why on earth would you want to take this trade that goes beyond our risk parameters??
01[14:46] {Threei}  having nice profits under the belt, late in the day you go into profit preservation mode
01[14:46] {Threei}  not in profit squandering
[14:46] {Les} cause I've had a shit day
01[14:46] {Threei}  ummm... HOW???
[14:46] {nemo} if you've had a shit day, why are you trading more?
01[14:46] {Threei}  trade afer trade worked
01[14:47] {Threei}  those that didn;t wrer few and far between, and stops were either 5 cents or half lot
[14:47] {Les} good question. I had my profits before JPM. Everything after has near failed
[14:47] {stevw} shorting FB
[14:47] {Les} missed FB
[14:47] {Les} looking after dinner. Missed CAT
01[14:48] {Threei}  OK, so maybe focus on the reasons you have bad day when room has a good one?
01[14:48] {Threei}  instead of gambling on stocks like this
[14:49] {dino} pushing les?
01[14:50] {Threei}  do you see thnat you repeat this pattern, of skipping for this or that reason trades called in the room, pushing other trades instead and having losing day when room has solid profitable one?
[14:51] {dino} adnc to ,98, all-dayer
[14:51] {KSystems} Hey
01[14:51] {Threei}  KS :)
[14:52] {nemo} Schlafzeit fur dich, na ja?
[14:52] {KSystems} s GGCM3 1469.4 stp 1470.5 tgt 1265.8
[14:52] {KSystems} Fang schonmal an zu Bluten nemo, kriegst gleich eine rein ;-)
[14:53] {nemo} Es ist mein Geist
[14:53] {stevw} nope - FB doesn't want to give up on .60
[14:54] {nemo} knows you're trading stevweister
01[14:54] {Threei}  I was hesitant about it stev... notice how it dropped sharply into .60
[14:55] {stevw} feels that way - but, i'm not going to beliew it
01[14:55] {Threei}  you want to short breakdown after some comsolidation, not on the go when it drops like this
[14:55] {stevw} yes, i misread that as a good to go sign
[14:55] {nemo} it's been oscillating in a range since noon in a languid but up market
[14:55] {nemo} VWAP is flat
01[14:56] {Threei}  here is simple criteria for you
01[14:56] {Threei}  you know our setups,
01[14:56] {Threei}  their visual configurations,
01[14:56] {Threei}  tell me which one matches that moment in FB?
01[14:57] {Threei}  and if you don't, what busianess do you have trading wothout reading 111 Trades :)
[14:57] {stevw} i was seeing .60 as either continued support or potential breakdown, and the uptick in volume sucked me in to believe it was finally breaking down
01[14:57] {Threei}  wait
01[14:57] {Threei}  you are inventing setups as you go along
01[14:58] {Threei}  let's use those we already have first
[14:58] {stevw} yeah, as i re-read it, the higher high at .80 should have told me not to look for breakdown
01[14:58] {Threei}  our setups are vosual chart configurations
01[14:58] {Threei}  visual
01[14:59] {Threei}  find me any single person who will say 111 Trades hasn't done wonders to their seeing setups... and I'll eat my keyboard
01[15:00] {Threei}  and yours if you send it to me
[15:00] {dptl} COH .55 short?
01[15:00] {Threei}  and record the process
[15:00] {stevw} you'd like mine - there's all kind of good crumbs in it
01[15:00] {Threei}  bacon?
01[15:00] {Threei}  no dp
[15:00] {stevw} mostly bran muffin and the odd cookie
[15:01] {dino} out adnc +.15
01[15:01] {Threei}  I am a protein guy...... could you add some bacon before shipping it, per chance?
[15:01] {patel} and spill some vodka.
01[15:01] {Threei}  better even
[15:02] {stevw} sorry, the vodka will make it a hazmat shipment
[15:03] {stevw} ironically, now i see an inverted c&h in FB
[15:04] {stevw} but, i'm still gathering my wits before trading
01[15:05] {Threei}  sharp and sudden drop, doesn't look technical
[15:06] {stevw} true, it was too sudden
01[15:11] {Threei}  speaking of bacon... can you tell?? :)
[15:12] {dptl} WDC .20 short?
01[15:14] {Threei}  hl
[15:17] {dino} algn
[15:19] {dptl} stop above .30 wdc
[15:19] {dino} s.50
[15:24] {dptl} hmm..doesnt wanna drop with market
01[15:24] {Threei}  no
[15:26] {dino} cov algn .10, +.40
01[15:28] {Threei}  ALGN Reportedly ITC judge rule that Clearcorrect violated six Align Technology dental patents
[15:29] {dino} thx
01[15:38] {Threei}  finally WDC time to die
01[15:39] {Threei}  nervous stock
01[15:39] {Threei}  but worked eventually
[15:43] {jdetente} alright fellas. Calling it a day. Thanks for the trades Vad
[15:44] {dptl} yea...all out
01[15:44] {Threei}  ;)
[15:44] {thomcbell} selling gnw 10.67
[15:44] {thomcbell} all day for 0.07 cents
01[15:44] {Threei}  OK guys, no more trades
01[15:44] {Threei}  thank you all
01[15:44] {Threei}  have a good evening, see you tomorrow
[15:45] {Will49} Cheers
[15:45] {dptl} gn all see ya tomorrow
[15:45] {patel} take care all.
[15:46] {dino} arlp drop