Wednesday, May 15, 2013

May 15 2013

Decent day, started a bit shaky with many invalidations and couple stops; 2 1:3 shorts on GDX and SLW righted it, and following plays solidified the black.

Session Time: Wed May 15 00:00:00 2013
[09:09] {cipher} gm
[09:09] {_fish_49} GM ALL
[09:09] {_fish_49} oops
01[09:09] {Threei}  cipher, fish :)
[09:13] {Les} GM
01[09:13] {Threei}  les :)
[09:14] {Les} miners finally gonna give us some lovin again. can only hope
[09:16] {nemo} if they're smart they'll stay away from you
01[09:18] {Threei}  jow smart can they really be, to get pounded like that
01[09:19] {Threei}  j=h
[09:19] {nemo} are you hewish?
[09:19] {Les} oh listen to 2 cents worth and his pithy thought for the day...
[09:19] {Les}
[09:19] {Les} English summer begins...
01[09:19] {Threei}  I am hovial
01[09:20] {Threei}  incredible upset at yesterday electon
[09:20] {Will49} gm
01[09:20] {Threei}  will :)
01[09:20] {Threei}  welcome back
[09:20] {Will49} tks
[09:21] {Will49} was happy with Lib majority
[09:21] {Les} what, canada? what's the swing?
01[09:21] {Threei}  missed a few good days but I understand you did extremely important job at mainland campaigning for Libs
01[09:21] {Threei}  province, Les
[09:22] {jdetente} good morning...
[09:22] {Will49} lol
01[09:22] {Threei}  jd :)
01[09:22] {Threei}  election started with 17 points lead by NDP
01[09:22] {Threei}  narrowed down to 9, 7, by some polls 4, before widening again to 7
[09:22] {Will49} shows you the value of polls, eh?
[09:22] {Les} sorry don't follow canuck politics
01[09:22] {Threei}  then actual election just a day after the last poll, Libs win majority
[09:23] {Will49} hopefully Premier will appoint a few more conservatives to cabinet this time
01[09:23] {Threei}  I guess polls underestimated vote split by Greens
[09:23] {Les} libs being centrists? centre left? centre right? it's all a spaghetti of ideology today
01[09:23] {Threei}  centre right in this province
01[09:23] {Threei}  centre left on Fed level
[09:24] {Will49} right
[09:24] {_fish_49} so it was a provincial election?
01[09:24] {Threei}  yes
[09:24] {nemo} same shit different day
01[09:24] {Threei}  federal is not on till 2015
[09:24] {Will49} amen
[09:24] {nemo} 84% of the people have average or lower intelligence
01[09:24] {Threei}  sure but NDP would have brought in whole new depth of crap
[09:24] {nemo} they're guided by 16%, most of whom have their heads up there ass
[09:24] {Will49} my Dad used to say "they're all crooks, but it's better to have your crokks running the show
01[09:25] {Threei}  tax happy socialists
[09:25] {Les} yeh right nemo same shit
[09:26] {Les} was looking for C to be at yesterdays resistance for potential short, but weak already
01[09:26] {Threei}  let's look for opening spikes to short
[09:28] {ese} morning
[09:28] {dptl} gm
[09:28] {backman} gm
01[09:28] {Threei}  btw, winning party leader lost her own seat, lol
01[09:28] {Threei}  ese, dp, bman :)
[09:28] {RonS} gm
01[09:28] {Threei}  ron :)
[09:29] {ese} her father was a principal who hated teachers
[09:29] {ese} she needs to be kicked out on her A#$%#$!!!!!!
[09:29] {jdetente} everyone hates teachers...
[09:29] {Les} who the hell likes teachers
01[09:29] {Threei} Short Setup: C  .90 break
01[09:30] {Threei}  If holds  50 
[09:30] {ese} lol
01[09:30] {Threei} Short Setup: GDX  .20 break
[09:30] {ese} know that visist i was going to pay to you's off!!!!!
[09:31] {cipher} FTNT L .06
01[09:32] {Threei}  If holds  
01[09:32] {Threei}  Invalidated  C 
[09:33] {nemo} tsla dropping
01[09:33] {Threei}  GDX valid
[09:33] {cipher} XONE L.34
[09:33] {cipher} out .51
[09:34] {jdetente} GDX holding .30 right?
[09:34] {cipher} TSLA untradable 
[09:34] {cipher} even by my standards
01[09:34] {Threei}  unless it fprms closer resistance
01[09:34] {Threei}  lol cipher
01[09:34] {Threei}  that says a lot
01[09:35] {Threei}  GLD drops
01[09:35] {Threei}  come on GDX
[09:35] {nemo} like hitting an orbiting satellite with a sling shot
01[09:35] {Threei}  take a clue
01[09:35] {Threei}  no
[09:35] {Les} c potential dt here
01[09:36] {Threei} Short Setup: CAT  .60 break hl
01[09:36] {Threei}  If holds  .70 
01[09:36] {Threei}  Invalidated  
[09:37] {ese} L snts .31
01[09:37] {Threei} Short Setup: GLD  .40 break hl
01[09:37] {Threei}  If holds  .50 
[09:38] {cipher} MCRS L.51
01[09:38] {Threei}  and don't you dare be a scalp
01[09:39] {Threei}  weak support at .30, GLD... clear air under that
01[09:40] {Threei} Short Setup: C  .30 break
01[09:40] {Threei}  If holds  .35 
[09:40] {ese} out snts .40 +.09
01[09:40] {Threei}  no go C
01[09:41] {Threei}  trigger already GLD
01[09:41] {Threei}  and die
[09:41] {cipher} sfly l.71
[09:42] {Les} FAS dropping
01[09:42] {Threei} Short Setup: C  .35 break
01[09:42] {Threei}  If holds  .40 
01[09:43] {Threei}  fast...
[09:43] {cc_9} Good morning Gents.
01[09:43] {Threei}  cc9 :)
[09:43] {nemo} don't forget Les
[09:43] {Les} he can't be meaning me
[09:43] {Les} beat me to the punch line everytime
01[09:43] {Threei}  GLD invalidated
01[09:43] {Threei}  word of the day so far
[09:43] {thomcbell} prlb small long here 
[09:43] {thomcbell} 53.90
[09:43] {nemo} you're at an organic disadvantage
[09:43] {Les} I hesitate. Nemo never does
[09:43] {Les} lol
01[09:44] {Threei}  C 1:1 but I doubt it was obtainable
[09:44] {_fish_49} didn't fill here
[09:44] {Will49} nor here
[09:44] {jdetente} I kept full stop on original still short C.
[09:44] {jdetente} high was .39
[09:44] {Les} playing .30 /.40 on smaller shares
01[09:45] {Threei}  Les... see jugular, go for jugular
[09:45] {nemo} jugular too quick...achilles long and painful
[09:45] {Les} someone's mispriced banksters
01[09:46] {Threei} Short Setup: CAT  .60 break
01[09:46] {Threei}  hl
01[09:46] {Threei}  If holds  .70 
01[09:46] {Threei}  aggressive for .50 break
01[09:47] {Threei}  no go
[09:47] {Les} c possible dt
[09:48] {thomcbell} out half prlb 54.50ish 
[09:48] {thomcbell} + 0.60
[09:49] {cc_9} DDD SCTY : wash rinse repeat, same as yesterday
[09:49] {thomcbell} out second half prlb 54.80's 
[09:49] {thomcbell} + 0.90s
01[09:52] {Threei} Short Setup: C  .35 break
[09:52] {Les} C going for bears jugular
01[09:52] {Threei}  If holds  .40 
[09:52] {thomcbell} kors at pivot here 
01[09:53] {Threei} Short Setup: SLW  .98 break
01[09:54] {Threei}  Invalidated  C 
[09:54] {Les} no go c
[09:54] {nemo} rax likely to test 41.75ish
01[09:54] {Threei}  SLW, if holds .05
[09:55] {nemo} mnst
[09:56] {cipher} soda s .80
01[10:00] {Threei}  *(US) MAY NAHB HOUSING MARKET INDEX: 44 V 43E
[10:00] {cipher} cov SODA .46 +.34
01[10:00] {Threei}  uh oh
01[10:00] {Threei}  IMF: Malta's financial system is resilient -
[10:00] {jdetente} Malta is an economic powerhouse
01[10:01] {Threei}  I've never heard about problem in Cyprus or Slovenia until suddenly I was reassured they were OK
01[10:01] {Threei}  lol jd
01[10:01] {Threei}  ah yes, there goes
01[10:01] {Threei}  IMF: Malta's financial system is resilient, although the nation's fiscal position has deteriorated and debt is uncomfortably high
01[10:02] {Threei}  good bye Matla
[10:02] {jdetente} I went there 5 years ago...not much infrastructure in general
[10:04] {ese} L cof .81
[10:04] {cc_9} DDD another attempt @ $50
[10:04] {cipher} INFI L .75
01[10:05] {Threei}  1:1
01[10:05] {Threei}  don't be a scalp!
[10:06] {cipher}  out infi .67
[10:06] {dino} vips sm l .01
[10:06] {dino} spike
[10:07] {dino} out vips .72, +.71
[10:07] {patel} crap
01[10:07] {Threei}  not yet
[10:08] {ese} damn cof stopped .69 -.11
[10:09] {cipher} vips l .76
[10:09] {dino} vips sm l .90 wide, pulp!
[10:09] {Les} perfect trendline breakdown on C son of a gun
[10:11] {cipher} out vips .65 -.11
01[10:13] {Threei}  stop to .96
01[10:14] {Threei}  1 cent to 1:2, ^&)(#%
[10:15] {jdetente} hit it with 2x4 and maybe we'll get full 1:2
[10:17] {cipher} VIPS S .65
01[10:17] {Threei} Short Setup: GDX  .25 break
01[10:17] {Threei}  If holds  .30 
01[10:19] {Threei}  half out .16
01[10:19] {Threei}  1:1
01[10:19] {Threei}  SLW 1L2 baby
01[10:20] {Threei}  what a timing on GDX
01[10:20] {Threei}  perfect short into bounce
06[10:20] * Threei dislocates his shoulder with all the self-patting on the back
[10:21] {_fish_49} C  kicks Vad in ass puts  shoulder back in place
[10:21] {robbers} Nice, GDX.
01[10:22] {Threei}  gold gets killed
[10:22] {ese} L apo .59
[10:22] {nemo} hey smelt...rookie
[10:22] {_fish_49} {--Crawls  back into rookie den
[10:22] {ese} L yoku.57
[10:23] {Will49} out SLW 1:3 tks Vad
01[10:23] {Threei}  SLW 1:3 is close enough, out
01[10:23] {Threei}  yw
01[10:23] {Threei}  btw will, check your e-mail
[10:23] {cipher} DECK S .88
01[10:23] {Threei}  GDX 1:2
01[10:24] {Threei}  day becomes bright and clear
01[10:24] {Threei}  no news for this gold rug pull
[10:25] {Les} who needs it? the world is back to normal
[10:25] {jdetente} goldbugs need diaper
[10:25] {jdetente} so all is normal
01[10:26] {Threei}  don't need it, just commenting... it's important
[10:26] {cipher} AMCX L .60
01[10:26] {Threei}  suchn drops with no news are meaningful
01[10:26] {Threei}  they indicate that main trend is intact
01[10:26] {Threei}  DOWN
[10:26] {Les} been interesting and important experience
[10:27] {Les} comparing myriad narratives offered by letter writers and righteous gold bugs
[10:27] {Les} and watching what price does
[10:27] {ese} out yoku .62 +.05
01[10:27] {Threei}  well... A Taoist Trader describes just this in depth
[10:28] {dino} vips stop .62-.28
[10:28] {robbers} Great book.
[10:28] {Les} Jessescafe has been fundamental to my learning curve
[10:28] {nemo} Les why don't you adopt a "no chatter" policy for the first 7 hours or so
[10:28] {cipher} cov VIPS .05 +.60
[10:29] {Les} the christian moral ethos of 'we'll get those evil people' by buying gold
01[10:29] {Threei}  idiots
[10:29] {Les} why don't u go and take my yoga lesson to heart
[10:30] {jdetente} christian moral ethos of buying gold...that's a new one
[10:30] {cipher} vips l .96
[10:30] {nemo} I prefer mine...longer lineage
01[10:30] {Threei}  I saw this crap on some tweeter feeds,
[10:30] {Les} now he writes of Bernanke's "stalingrad". It's only a matter of time...
01[10:30] {Threei}  "buy gold and solver, out banksterts out of business"
01[10:30] {Threei}  cretins
[10:30] {nemo} next is Bernanke's Potemkin
01[10:31] {Threei}  GDX 1:3 is close enough
[10:31] {jdetente} by the way Threei...found a nice typo in the May 13 trading log.
01[10:31] {Threei}  out
[10:31] {cipher} out vips .40 +.44
[10:31] {jdetente} "Nice albeit a bit boring day. Thongs moved in a lazy fashion,"
01[10:32] {Threei}  typo? in my typing? it just can't be
[10:32] {Will49} out tks Vad
01[10:32] {Threei}  oh
01[10:32] {Threei}  lol
01[10:32] {Threei}  that one I better correct
[10:32] {ese} lol
[10:32] {jdetente} pretty good one...what was Vad thinking about??
[10:32] {robbers} Vad was thinking of Hawaii again.
[10:32] {jdetente} lol
[10:32] {dino} vips sm l .25
[10:33] {Les} meant stick your head up yer ass Nemo, as you so kindly suggested following my departure
[10:33] {dino} ttwo sm l .25
[10:33] {nemo} no, I said you didn't need to work on your flexi bility since you have it there so often
01[10:34] {Threei}  changed... thanks jd
[10:34] {cipher} VIPS S .50
[10:35] {jdetente} cheers Vad
[10:36] {cipher} VIPS stopped .44 +.06
01[10:37] {Threei}  wow... GLD murder continues
01[10:37] {Threei}  and drags GDX and SLW with it
[10:37] {cipher} vips l .62
[10:39] {jdetente} 1:4 GDX 
[10:39] {dptl} C .53 short?
01[10:39] {Threei}  shrug
01[10:39] {Threei}  ot doesn't ciooperate today
01[10:39] {Threei}  why be stubborn
[10:39] {Les} in squeeze mode again
[10:40] {cipher} out VIPS .95 +.33
01[10:40] {Threei}  I want a weak anthelope, not drunk tiger in a fighting mood
[10:40] {Les} slw .50
[10:40] {Les} some consolidation and new break please, although might be trend change here
[10:40] {Will49} also in wives Vad :)
[10:40] {jdetente} out GDX in full at .78
[10:40] {jdetente} thanks Vad
[10:40] {ese} speaking of that.....what is gold worth an ounce these it still around $1000
01[10:40] {Threei}  :)
[10:40] {cipher} qcor l .95
01[10:41] {Threei}  will, checked e-mail?
01[10:41] {Threei}  it's about shishkebab!
[10:41] {Will49} no, not yet
01[10:41] {Threei}  hurry!
[10:41] {Will49} in that case, let me check
[10:41] {ese} auch du miya man!!!!!!!......check your email  that not just an ordinary email
[10:42] {dptl} CX .30 short?
01[10:42] {Threei}  around 1400, ese
[10:43] {ese} hmmmmm yet the gold stocks are getting pumbled
01[10:43] {Threei}  not my cup of tea, CX
[10:43] {Will49} email from you, can you re-send
01[10:43] {Threei}  dcc
[10:43] {cipher} out QCOR .25 +.30
[10:43] {Will49} had an email problem on my playbook 
[10:43] {cipher} rost s .37
[10:44] {dino} ot vips .18, +.93
[10:44] {cipher} wtg
[10:44] {ese} wow dino.......nice
01[10:44] {Threei}  why wouldn't they get pumelled, 1400 is quite a drop from 1950
[10:45] {ese} ahhhhh...didn't realise it was that high
[10:45] {ese} tulips
[10:45] {Les} arguably ain't tulips yet
01[10:46] {Threei}  will be
[10:46] {Les} when one shiney bar buys a car...
[10:46] {ese} true
[10:46] {Les} then tulips IMO
[10:46] {dino} ty
[10:46] {patel} CAT short?
[10:46] {Les} and for life of me, wanna ride that tiger at least once in my life
01[10:46] {Threei}  .65 break
01[10:47] {Threei}  yes, hl
01[10:47] {Threei}  mania, les?
[10:47] {ese} or CAT
01[10:47] {Threei}  you can... short gold
[10:47] {Les} yeh
[10:47] {ese} lol
[10:48] {Les} do that with you. But if the market should bite long again...
[10:48] {Les} those stories out of that mania book u suggested to me
[10:49] {nemo} akam looks short
[10:49] {Les} to actually live through one...
[10:49] {ese} may be with you on that nemo.........been watching that for weeks now
[10:50] {ese} coulda shoulda thing......almost got in just before that gap up but decided not to because of my Denmark and Memphis trips.....couldn't monitor properly
[10:51] {dino} vips .90 trig sm l 
[10:52] {dino} invalid
[10:52] {dino} waiting for whoosh down
[10:54] {jdetente} CAT 1:1
01[10:54] {Threei}  CAT 1:1
01[10:54] {Threei}  good spot patel
01[10:55] {Threei}  ese, dcc please
[10:57] {ese} l apo avg .62
[10:57] {Les} bit late in the morning, but GLD could be setting up h&s through 135 short
[10:57] {nemo} look for HFC bounce here
[11:00] {jdetente} AKAM here nemo?
[11:03] {cipher} vips l.60
[11:03] {dino} vips sm l .71
[11:04] {Les} gld dropping again
[11:04] {Les} long 1235 if holding .90?
[11:04] {Les} 135
[11:05] {Les} invalide
[11:05] {nemo} no akam, looks like it wants all time high
[11:06] {nemo} well, post 2000 all time high
[11:06] {jdetente} sure does now
[11:06] {cipher} syna l .40
[11:07] {cipher} out .65
[11:07] {Les} long gld. 85
[11:07] {Les}  stop udner .75
[11:08] {cipher} syna s .90
[11:08] {cipher} cov.71
[11:08] {Les} half out .95
01[11:08] {Threei} Long Setup:  TZA  .55 break
[11:08] {nemo} cat at interesting re short position
[11:09] {nemo} .80 offer pulled
[11:10] {Les} 1:2 all out .05
[11:10] {Les} these little flushes of the DB stop becoming more common
[11:10] {dino} qcor drop
[11:11] {cipher} had a buy order at .50
[11:11] {cipher} damn
[11:12] {dino} 2 cents
[11:13] {cipher} AREX S .03
[11:13] {dino} vips to .99
[11:14] {dino} wtf slip ou .86, +.15
01[11:15] {Threei}  Invalidated  
[11:16] {Les} run Nemo run
[11:17] {Les} quick buck run on C
[11:17] {nemo} Paul Volcker comment
[11:18] {nemo} says unemployment to remain probably thinking QE to stay then
[11:20] {nemo} mpc
[11:20] {nemo} long bounce potential here
[11:21] {Les} miners are dead and gld might join them here
[11:24] {dino} nrgy drop
[11:24] {dino} sm l .12
[11:24] {RonS} fio pop
01[11:24] {Threei}  look at this level of despair and tell me gold is not going under 1000:
01[11:24] {Threei}
[11:25] {Les} lol just need to read the link
[11:25] {RonS} $FIO Appaloosa Capital Management discloses 1.7 Million Share Stake in FIOI
01[11:25] {Threei}  word "bankster" in each second line
[11:26] {Les} interesting article I read the other day on another matter of trading
[11:26] {Les}
[11:27] {nemo} hfc all the way back in
[11:27] {Les} when I read this
[11:27] {nemo} hfc here
[11:27] {Les} and saw the talk of the guy sweating in his sleep
[11:27] {Les} win $50k or lose $50k depending on the numbers...
[11:28] {Les} could say to myself, well daytrading don't need to be like that
[11:28] {_fish_49} must be holding a position over night
[11:28] {dino} i dream symbols all the time les
[11:28] {Les} but the guy was cracking under stress
[11:29] {dptl} HPQ 21 short?
01[11:29] {Threei}  I don't get it
01[11:29] {Threei}  what does day trading have to do with what he does?
[11:29] {dino} uh oh, maybe i should get check up
01[11:29] {Threei}  way too narrow dp
[11:29] {Les} not sure. but this purely mechanical system removes stress. not sure what Dylan is doing...
[11:29] {_fish_49} he should try the plane life  get on plane monday morning and get home friday night  see if that is better for him
[11:30] {dptl} .99 :)
[11:30] {dino} lol
[11:30] {dptl} will keep .06 stop
01[11:30] {Threei}  during day trading hoopla of 90s there were articles everywhere showcasing all kinds of idiots with all kinds of idiotic approaches
[11:31] {dino} 3i always brings up my past
01[11:31] {Threei}  and since journalists themselves had zero idea, those were portrayed as "this is ewhat day trading is about"
[11:31] {Les} hehehe
01[11:31] {Threei}  lol dino
[11:31] {jdetente} and weren't a lot of those articles designed to discredit "daytraders"?
01[11:31] {Threei}  I guess
[11:32] {dino} jd, of course, daytrading is evil
[11:32] {jdetente} a lot of people believe that...
01[11:32] {Threei}  to this day if I admit what I do when asked on some party, someone inevitably says "oh yeah? but I seem to remember I read this one article once..."
[11:33] {dino} i always get, "that must be easy" to which i reply, then why don't you do it?
01[11:33] {Threei}  If I had enough to drink already, I say "Oh yeah? tell me what you do for a living, I'll try to remember one article I read about that and give you my opinion about your profession"
[11:33] {jdetente} a lot of people see it as illegitimate unless you are trading on the floor at nyse
01[11:34] {Threei}  one guys actually started telling me it can't work, referring to a study he read about in the paper
01[11:34] {Threei}  I asked him what he does, he turned to be a botanist
[11:34] {dino} i also get, "must be nice to be retired" simply because i work from home
[11:35] {Les} I explain to missus, I could be at market trading olives 2000 years ago, but today with everything electronic including cash, no need to...
[11:35] {RonS} response to "trade stocks and options for my own account" either "would like to be retired too" or look of me speaking Russian...
01[11:35] {Threei}  so I said, "hey, aren't plants are the same as animals, only much slower?"
[11:35] {dino} out nrgy, .47, +.35. retired, huh?
01[11:35] {Threei}  he saud what kind of idiocy is that,
[11:35] {cipher} shpg l.95
01[11:36] {Threei}  I answered "must be true, I read a study in the paper"
[11:36] {cipher} siro l.79
[11:36] {dino} i hear ya ron
01[11:37] {Threei}  ok, I present you the best answer to this question
[11:37] {Les} C 51 break with a little consolidation?
01[11:37] {Threei}  it will make them all shut up and look at you with respect
[11:37] {Les} gone
[11:37] {Les} or C short...
[11:37] {dino} ffin thin, spike
01[11:38] {Threei}  "I am managing a hihgly liquid portfolio of equities and exchange-traded funds, regularly re-aligned with aim for the high performance in two-sided markets"
[11:38] {Les} yeh I've thought of it like that, so as to make people understand what their retirement funds are about
[11:40] {dino} just tell them you are an evil speculator
[11:40] {jdetente} hehe
[11:40] {Les} I wonder how many people just expect to have money handed back to them when they retire, without realising how badly theirs was probably managed...
[11:41] {dino} most
[11:41] {jdetente} speculators like us just manipulate the market you know
[11:41] {Les} well Obama's on the job jd...
[11:41] {dino} indeed, my trading size causes disruptions
[11:42] {dino} especially when i trade a stock such as ffin
[11:42] {Les} u are the market in your stocks dino
[11:42] {dino} vips sm l .86
[11:42] {dino} lol les
[11:42] {jdetente} I was talking to a guy about the AAPL the other day. He said it's unbelievable how "they" can take down such a good company. lol
[11:42] {Les} some of them make me sweat
[11:43] {jdetente} "they" being market manipulators
[11:43] {jdetente} I just shook my head
[11:45] {dino} most really don't get it, including most talking heads on tv
[11:45] {dino} when i mention that i short as much as long, i get evil looks
[11:46] {RonS} lol...evil looks...
[11:46] {dino} and i'm told its hard to short, lol
[11:46] {patel} wow AVTI dropping hard
[11:46] {RonS} will someone tell shpg the appointment for the next trade is now...sheesh
[11:47] {cipher} AVTI L .77
[11:47] {RonS} ?
[11:48] {dino} want s2
[11:48] {dino} not going to get it
01[11:48] {Threei}  ATVI Said to be moving away from plans to buy back shares from Vivendi
[11:48] {cipher} out .96  thx patel
[11:49] {dino} ttwo stop .23 -.02
[11:49] {patel} no problem. 
[11:49] {Les} C dt
[11:54] {nemo} cat looks like setting up for lunch time breakout
[11:54] {cipher} VIPS L .90
[11:54] {dptl} ARO .20 short?
[11:55] {cipher} out vips .98
[11:55] {Les} AKAM tightening up with support underneath. Trying to get on long
01[11:55] {Threei}  no read on ARO
[11:55] {dino} vips feels like upside explosion coming
[11:58] {ese} out apo .05 +.42
[11:58] {dino} gj
[11:58] {ese} tks dino.....
[11:58] {RonS} gj ese
[12:00] {dino} qcor drop
01[12:02] {Threei} Short Setup: C  .15 break
01[12:02] {Threei}  If holds  .22 
[12:04] {dino} cyn
[12:06] {Les} got on AKAM and half off
01[12:09] {Threei}  If holds  .25 
01[12:09] {Threei}  just noticed typo
[12:10] {dptl} in .18 C
[12:11] {jdetente} well that was a close one lol
01[12:12] {Threei}  well, .22 made no sense however you slice it :)
[12:12] {dptl} stopped
01[12:12] {Threei}  stopped anyway
01[12:12] {Threei}  backing off of C for today
[12:12] {jdetente} C has become a difficult trade. 
[12:12] {patel} yeah
[12:12] {patel} C is a little bitch
[12:12] {_fish_49} taking the C off my keyboard
[12:12] {jdetente} Makes up the majority of our stopped trades over the last week or so
[12:15] {dino} cvi spike
[12:18] {cipher} idxx l .16
[12:19] {Les} GLD vol spike
[12:19] {Les} into vwap
[12:19] {Les} potential cup and handle building in AKAM
[12:20] {Les} sm. GDX short .96 holding .05
[12:21] {cipher} out idxx -.16
[12:25] {cipher} siro l .32
[12:27] {cipher} tna l .85
[12:33] {Les} GDX 1: 1partial
[12:35] {cipher} out siro .13 -.19
[12:43] {dino}  back. out vips while gone, .32, +.46
01[12:47] {Threei} Long Setup:  GLD  135 break hl
01[12:47] {Threei}  If holds  .90 
[12:48] {Les} GDX 1:2 keeping an eye on it for covering if need be
01[12:48] {Threei}  if GLD triggers, I think cover GDX
01[12:49] {Threei}  Invalidated  
01[12:49] {Threei}  for now
[12:51] {nemo} kss may be setting up short here
[12:51] {Les} GDX covered .76
[12:52] {backman} did gld hit 1:1 or is break still good
01[12:52] {Threei}  it never triggered
[12:52] {backman} gotcha...thank u
01[12:52] {Threei}  looking if setup reestablishes
[12:53] {backman} kk
[12:53] {Les} .85 short if doesn't recover?
01[12:54] {Threei}  if stays under .95, I think so
01[12:54] {Threei}  I can easily envision eod selloff
01[12:54] {Threei}  a bit early for that though
[12:54] {Les} k
[12:55] {patel} under .85 we giong short
01[12:55] {Threei}  if stays under .95
[12:56] {Les} AKAM just shy of 1:2 stopped flat 2H
[12:57] {Les} boss gets home, trading goes out the window :(
[12:58] {Les} women always need to speak
[12:58] {Will49} called being hen-pecked
[12:58] {Les} yeh and daytrading is the easy life they say...
01[12:59] {Threei}  long GLD is valid again
[12:59] {Les} .95 trigger?
01[12:59] {Threei}  no, 135
[12:59] {Les} k
01[13:01] {Threei}  and again it's not
[13:01] {cipher} idxx l.60
01[13:03] {Threei}  lol... NOW it triggers?
[13:03] {patel} is it valid?
01[13:03] {Threei}  no
[13:03] {patel} okay
01[13:03] {Threei}  let's sit it out
01[13:03] {Threei}  invalidated both sides
01[13:03] {Threei}  how do you guess which is going to work eventually
[13:04] {nemo} let Les trade it
[13:04] {Les} fas .75 long?
01[13:04] {Threei}  yes
01[13:04] {Threei}  I like it, with stop under .65
[13:05] {nemo} it's going to come in one more time
[13:06] {nemo} I'm thinking .50 area
01[13:06] {Threei}  invalidated too
01[13:06] {Threei}  amazing how many setups are invalidated today
[13:07] {Les} traders getting itchy on C
01[13:07] {Threei}  watching FCX for bounce
[13:07] {_fish_49} Vad  are most of your set ups coming from scanner  or eyes?
01[13:07] {Threei}  scanner and list of usual suspects
[13:08] {_fish_49} ty
01[13:08] {Threei}  list changes...
01[13:08] {Threei}  some come in, some go out
[13:09] {nemo} kinda' like women
[13:09] {Will49} :-)
[13:10] {Les} AKAM  back to 48 looking for another long entry
[13:13] {cipher} SOHU S .90
[13:14] {cipher} out IDXX .82 +.22
[13:15] {Les} AKAM 48 SHORT?
01[13:17] {Threei}  hard to tell
01[13:17] {Threei}  rather yes than no
01[13:17] {Threei}  52/48
[13:17] {Les} think it might be a false break will pass
[13:17] {nemo} if indexes head back up, AKAM should bounce around here
[13:17] {Les} inverte c&h spy
[13:17] {Will49} can't you be more precise Vad?
[13:18] {nemo} break out the slide rule Vad
01[13:19] {Threei}  I can't, I spilled vodka on my claculator... it rfuses to go beyong 2 digits after decimal point now
01[13:21] {Threei}  and goshdarnit, it argues with me
[13:22] {Les} oh well AKAM was good
01[13:22] {Threei}  I push 2x2, it dosplays "I thought you were remotely educated enough tofigure this one out without my help. Sarcastic laughter."
[13:22] {Les} must be soviet issue calculator
[13:22] {Les} the STalin edition
01[13:22] {Threei}  worth... georgian
01[13:23] {Threei}  worse
[13:24] {Les} so we are invalidated and invalidated to be left on the sidelines after lunch. C finally caves
[13:24] {cipher} cov sohu .80 +.10
[13:25] {Les} I was long from .32 and emotionally attached. Couldn't see the top
01[13:25] {Threei} Long Setup:  FCX  .70 break
01[13:26] {Threei}  If holds  .63 
[13:27] {Les} C 51 waiting for DB
[13:29] {Les} watching if TNA can put ina 2nd bottom around .65
[13:29] {Les} that large volume flush might have been it
[13:30] {Les} AKAM wow
[13:31] {jdetente} are you getting emotional Les?
[13:32] {jdetente} need a valium?
[13:32] {Les} got the glass I'm good ty
[13:32] {Les} GLD calmed down and gave a fine 135 entry
[13:33] {dptl} in fcx
[13:33] {patel} I'm in.
[13:33] {Will49} makes 3 of us
[13:34] {Will49} at least
[13:34] {jdetente} in like flynn
[13:34] {Will49} in like dirty shirt
[13:34] {Will49} like a
01[13:34] {Threei}  I'll refrain, none of my analogies are even remotely suitable for a decent company
[13:34] {jdetente} dirty wifebeater (shirt)
[13:35] {jdetente} the redneck uniform
[13:35] {cipher} UTHR L .06
[13:35] {jdetente}
[13:36] {Will49} ?
[13:36] {Will49} so who's that JD?
[13:37] {Will49} is that a R & R singer?
[13:37] {jdetente} just some random redneck complete with mullet
[13:38] {dino} markets are dead
[13:38] {nemo} wish we could say the same thing about...
[13:39] {nemo} oh nevermind...too cruel
[13:39] {Will49} wait wait
[13:39] {nemo} I'm just not like that
[13:39] {Les} nah you're a broken record
[13:39] {Les} nothing to fear
01[13:39] {Threei}  just remember nemo's favorite love story, and why
[13:39] {Les} ?
[13:39] {cipher} uthr stopped +.01
[13:39] {nemo} Rome and Juliet
01[13:39] {Threei}  Romeo and Juliette...
01[13:40] {Threei}  because they both DIE!!
[13:40] {Les} oh right
[13:41] {Will49} the wife beater's name is Wayne
[13:42] {Will49} a few years back it was the most common name of fed inmates
[13:42] {jdetente} I think you're confused Will
[13:43] {Will49} liklely
[13:43] {jdetente} a tank top is called a wifebeater
[13:43] {jdetente} lol
[13:43] {Will49} ah
[13:44] {Will49} led a sheltered life
[13:44] {jdetente}
[13:44] {jdetente} see definition #2
[13:46] {Les} tna
[13:46] {Les} l .77 holding .65
[13:46] {backman} any musings on CAT below .88 for short entry
[13:47] {dino} mstr drop
01[13:48] {Threei}  not sure bman
[13:48] {backman} kk
[13:48] {cipher} mstr l .53
[13:48] {dptl} i need 1:2 fcx please
[13:49] {Will49} get your fcx on route 66
01[13:49] {Threei}  your wish is my command
01[13:49] {Threei}  1:2 is coming right up
[13:49] {dptl} ok thanx
[13:51] {Les} .79 partial ty
[13:51] {jdetente} 1:1 
01[13:51] {Threei}  1:1
[13:52] {thomcbell} ddd long 48.60 
[13:52] {thomcbell} stop is 48.47
[13:55] {cipher} SHPG L.51
[13:55] {cipher} SOHU L .19
[13:56] {Les} TNA stopped
[13:57] {cipher} out SOHU .31
01[13:57] {Threei}  that CAT starts looking better now
01[13:58] {Threei} Short Setup: CAT  .88 break
01[13:58] {Threei}  If holds  .95 
[13:59] {cipher} out mstr .64 
[14:08] {cipher} AREX drop
[14:08] {Les} TNA potential DB at .50 vwap is .40 might offer .50 long entry
[14:10] {dptl} fcx stop .74?
01[14:12] {Threei}  hmmm
01[14:12] {Threei}  why?
01[14:12] {Threei}  .69 for me still
[14:12] {dptl} k
01[14:14] {Threei}  CAT 1:1
[14:15] {backman} I wonder if CAT will retrace to yesterday's break out level of .40
[14:15] {RonS} splat that cat
[14:16] {Les} market starting to think about Fed intetions?
[14:17] {Les} or just testing the waters again...
01[14:17] {Threei}  bitcoin/us dollar Dept of Homeland Security investigating the largest Bitcoin exchange Mt Gox; has seized Mt Gox's funds held in the money transfer service Dwolla (update)- Homeland security alleged that Mt Gox was engaging in 'money transmitting' without a license
[14:17] {cipher} PCYC L .96
[14:18] {Will49} meow tks ad
[14:18] {Will49} Vad
01[14:18] {Threei}  (US) White House Press Sec: President to meet with Treasury today to discuss next steps regarding IRS investigation
01[14:18] {Threei}  yw
[14:18] {dino} lol, next steps, "please don't rat me out"
01[14:19] {Threei}  this has such a watergatie smell
01[14:19] {Threei}  (US) Treasury's Brainard: There is a risk the global economy is overly dependent on the US, there is a lack of demand growth in advanced economies- Economy worldwide remains sluggish and fragile
[14:19] {jdetente} how dare they...our fearless leader is the second coming of Christ 
01[14:19] {Threei}  who called him brainard...
[14:20] {jdetente} :p
01[14:20] {Threei}  I am not even sure about "second"
[14:20] {jdetente} haha
[14:21] {Les} here's the second coming of C
[14:23] {dptl} RHT .10 short?
01[14:27] {Threei}  hl
01[14:27] {Threei}  frikin FCX
01[14:28] {Threei}  coming on 1:2 now
[14:29] {dptl} inRHT
[14:33] {dino} geva drop
[14:34] {cipher} geva l .17 small
[14:34] {dino} :)
01[14:35] {Threei}  RHT 1:1
[14:36] {dino} arex sm l .45
01[14:36] {Threei}  1:2
[14:36] {Les} covered ty
[14:36] {Will49} wtg dp
[14:36] {cipher} arex l. 45
[14:37] {Les} nice day
01[14:37] {Threei}  getting there
01[14:38] {Threei}  CAT 1:2
[14:42] {dino} mstr new lod
[14:42] {cipher} geva stopped -.04
[14:43] {dino} that ones even wide for me
[14:44] {thomcbell} out DDD with small profit 
01[14:44] {Threei}  CAT 1:3, out
[14:44] {thomcbell} see y'all tomorrow 
[14:44] {dino} cya
[14:44] {_fish_49} cya thomb
01[14:44] {Threei}  take care tbell
[14:44] {Les} cheers
01[14:44] {Threei}  it's official: nice day
01[14:44] {Threei}  take that C
[14:44] {_fish_49} lol
[14:46] {jdetente} 1:4
[14:46] {dptl} clf .20 short?
[14:47] {dino} arex stop .28 -.17
01[14:47] {Threei}  not sure, SPY is about to bounce
[14:47] {Les} TNA 49?
[14:47] {Les} holding .90?
01[14:48] {Threei}  ugh
01[14:49] {Threei}  yes
01[14:49] {Threei}  lol
[14:49] {Les} partial 1
[14:49] {patel} thanks Les
[14:49] {patel} out
01[14:49] {Threei}  gj
01[14:49] {Threei}  looked away for a second and missed
01[14:49] {Threei}  may I console myself with the thought that it was my SPY comment that inspired the idea?
[14:50] {Les} absolutely
[14:50] {Les} I suck at knife catching
[14:51] {dino} vips sm l .75 gappy
[14:52] {nemo} keep practicing Les, start with spears
[14:52] {dptl} KBH .55 short?
01[14:53] {Threei}  looks like
[14:53] {dino} yelp drop
[14:54] {Les} 2nd partial
01[14:54] {Threei}  if there was a symbol DROP, line "drop yelp" would have sounded just as plausible
[14:55] {Les} TNA tradeable again since the split
01[14:55] {Threei}  yup
[14:55] {dino} yelp sm l .20
[14:56] {Les} wondering if market do a hail mary close or I should temper my greed on TNA
[14:56] {Les} stop .10
[14:57] {Les} done
[14:59] {Les} don't forget the mienrs
[14:59] {Les} miners
[15:00] {nemo} well the indexes are setup long, but it's a matter of if the indexes are basically done for the day
[15:00] {nemo} Know we had that nice pullback, but that was very orderly
[15:01] {Les} slw .20 short?
[15:01] {Les} note we are in way oversold territory for day
[15:02] {dino} yelp stop -.30
[15:02] {cipher} ANGI L .16
01[15:04] {Threei}  no
[15:05] {Les} TNA last go .11/.00
[15:05] {Les} 1st partial
[15:08] {cipher} SPLK L .94
[15:09] {Les} fas 69break?
[15:09] {Les} 68
[15:09] {nemo} dt at .10
[15:11] {Les} TNA stopped .29
[15:11] {dptl} l CLF .22
[15:12] {nemo} guess we have to close at new highs like we do every day
[15:13] {Les} typical left by the wayside as always
[15:16] {dptl} stopped clf
[15:16] {dptl} just cant read anything
01[15:17] {Threei}  take a deep breath dp
01[15:17] {Threei}  sdtep back and ask yourself, are you repeating that pattern of "trade, trade,, trade, thnere is setup or no, do I have a read or not, but trade and trade"
[15:18] {dptl} yeah...not doing that great again
01[15:18] {Threei}  why the *&^% do you do this again???
01[15:18] {Threei}  every time you do it, you lose
01[15:19] {Threei}  we make 5 calls, you take 15 trades
[15:19] {nemo} akam
[15:19] {dptl} yeah...stupid stupid
[15:19] {nemo} dura
01[15:19] {Threei}  by room calls, nice solidly winning day
[15:20] {nemo} akam with a little bounce might said up a nice short
01[15:20] {Threei}  you promised not to do that anymore. So man up and just DON'T!
[15:20] {dptl} thats more
[15:21] {_fish_49} for today
[15:21] {nemo} are you in this to trade or make money?
[15:21] {Les} I like it when Vad is harrassing others instead of me
[15:21] {Les} Nemo can just shut the /&%&% up
01[15:22] {Threei}  well, it worked with you when I harrassed you about indicators
01[15:22] {Threei}  let's do the same with dp
01[15:22] {Threei}  how about this:
[15:22] {nemo} It's an important question Les
[15:22] {Les} of course it is
[15:22] {Les} I just take every opportunity...
[15:22] {_fish_49} If I recall Les was a Cowboy when he joined the room
01[15:22] {Threei}  for the next 2 days you take room calls exclusively, no single trade beyond that
[15:22] {_fish_49} lol
01[15:22] {Threei}  not even klooking for a trade
01[15:22] {Threei}  not asking
[15:22] {nemo} no, he's a frickin' wombat poking sheila
[15:22] {Les} still am
01[15:22] {Threei}  just waiting for a room call
[15:23] {nemo} I know akam is a pain trader, but setup is their below .70
[15:23] {backman} OK, me 2....just finished my worst day since joining the room
01[15:23] {Threei}  how???
01[15:23] {Threei}  you guys...
[15:23] {nemo} he listened to Les
[15:24] {dptl} ok....promice :) turning all the scanners and watchlists off
[15:24] {Les} they comin outta the woodwork now
[15:24] {backman} nemo, i've learned something....
[15:24] {Les} hey, now its NOT Les takin a hammerin they man up!!
[15:24] {nemo} oh oh
[15:24] {Les} of my TNA offers another entry
[15:24] {Les} oh my
[15:25] {Les} 3rd time I pass
[15:25] {patel} I finished green for the day and didnt even do GDX and SLW.
[15:25] {nemo} what backman?
[15:25] {nemo} well akam not cooperating
[15:25] {jdetente} nope
[15:26] {Les} AKAM mess
[15:26] {Les} now
[15:26] {jdetente} kicking myself for missing short at highs of day
[15:26] {nemo} any bets on finishing on highs of the day?
[15:26] {Les} one weird ass day with C's behaviour that's for sure
[15:27] {jdetente} C is dead to me
[15:27] {Les} maybe, but I can't make out bottom of IWM here
[15:27] {jdetente} once bitten twice shy they say
[15:27] {Les} it's a mess too
[15:28] {nemo} frickin' akam again
[15:29] {jdetente} AAPL bugs taking it in the shorts again today
[15:29] {nemo} yeah and right here might be a good place to short again
[15:35] {nemo} looks like the shorts covering on aapl
[15:35] {jdetente} yup
[15:36] {nemo} thought it might have a shot at the 420 gap today
[15:36] {Les} big volume on GDX here
[15:37] {jdetente} Vxx once again unimpressed with market moves. Been up all day.
[15:44] {backman} nemo, not to listen to Les of course
[15:45] {jdetente} alright fellas. calling it a day. good trading.
[15:45] {Will49} peace jd
[15:45] {Les} me 2
[15:46] {Les} cheers
[15:46] {nemo} oh, good boy backman
[15:46] {_fish_49} same
[15:46] {Les} Nemo's got yer back... man *wink wink*
01[15:46] {Threei}  thank you all, have a good evening
[15:47] {Will49} good day Vad...tks
01[15:47] {Threei}  see you tomorrow
[15:47] {_fish_49} thanks Vad
[15:47] {_fish_49} bye all
[15:47] {patel} take care
[15:49] {dino} wow vips drop on big beat and raise
[15:52] {nemo} optr
[15:59] {dino} gn all