Friday, May 17, 2013

May 17 2013

Very nice end to the week, starting day with 2 1:3 plays and  1:2, continuing with some scalps and stops and ending with last 1:2er. Mostly usual suspects, GDX, SLW, FCX, CAT etc. Good way to go into weekend.



Session Time: Fri May 17 00:00:00 2013
[09:04] {dino} gm
01[09:04] {Threei}  morning dino
[09:11] {Les} morning to all sauf Nemo
01[09:11] {Threei}  les :)
[09:12] {Les} wow buck on a rampage
[09:12] {Les} u should be gaining nice exchange rate this month vad
01[09:13] {Threei}  told yam, USD will be a king once again
01[09:13] {Threei}  ideolodically impaired folks may continue talking about dollar crash, any minute now
[09:14] {Les} she's the skinniest in the fat camp
01[09:14] {Threei}  yup
01[09:15] {Threei}  and btw... where does that leave gold religious fanatics
[09:15] {Les} in a conspiracy
01[09:15] {Threei}  amazes me tnat they still see it as pullback in an uptrend
[09:20] {cipher} gm
[09:20] {Will49} gm
[09:21] {RonS} hello
01[09:22] {Threei}  cipher, will, ron :)
[09:22] {Alexs} gm
01[09:23] {Threei}  alex :)
[09:24] {thomcbell} gm all
[09:24] {backman} gn
01[09:24] {Threei}  tbell, vman :)
01[09:24] {Threei}  v=b
[09:25] {jdetente} good morning as well
01[09:25] {Threei}  I just learned to type "patel" though... work in progress
01[09:25] {Threei}  jd :)
[09:27] {ese} morning
01[09:28] {Threei}  ese :)
[09:28] {ese} will.....sent you and email
[09:28] {ese} morning vad
[09:29] {Will49} eses...will check after market settles
[09:29] {patel} morning
[09:29] {ese} P
01[09:30] {Threei}  patel :)
[09:30] {thomcbell} xone looking fo ra short entry
01[09:30] {Threei}  see, I did learn this
01[09:31] {Threei} Long Setup:  FCX.20  break hl
01[09:31] {Threei}  If holds  .10
01[09:32] {Threei}  1:1
01[09:32] {Threei} Short Setup: GDX  27 break
01[09:33] {Threei}  If holds  .10
01[09:33] {Threei}  Invalidated
[09:34] {cc_9} Morning folks.
01[09:34] {Threei}  cc9 :)
01[09:35] {Threei}  1:2 out
[09:35] {RonS} fcx +.18  thanks 3i
01[09:35] {Threei}  :)
[09:35] {Alexs} ty V
[09:35] {Will49} out tks Vad
01[09:35] {Threei} Short Setup: GDX  .10 break
01[09:35] {Threei}  yw
01[09:35] {Threei}  If holds  .20
[09:36] {thomcbell} ddd psychotic
01[09:38] {Threei}  1:1
01[09:39] {Threei}  (EU) Netherlands PM Rutte: In disagreement with much of President Hollande's proposals for the EU Govt- Reminder: Yesterday Hollande called for EMU nations should meet once a month to deal with EMU economic governance issues, promote fiscal harmonization; felt the Euro Zone economic govt should have its own budget and be able to raise taxes.
01[09:39] {Threei}  boxing match?
[09:39] {RonS} food fight?
[09:39] {Les} Hollande out swinging to save his skin
01[09:40] {Threei}  as much as I hate to do it,
01[09:40] {Threei} Long Setup:  SLW  .40 break
01[09:40] {Threei}  and I do hope it invalidates :)
01[09:41] {Threei}  yesss
01[09:41] {Threei}  lol
[09:41] {jdetente} your lucky day!
01[09:41] {Threei}  hehe
[09:41] {Les} don't scare us like this
[09:41] {Will49} thought i was seeing things
01[09:42] {Threei}  have to apply some effort to stay free from ideology when it comes to PMs and miners... :)
01[09:43] {Threei}  (US) Preview: May Preliminary University of Michigan Confidence Index due out at 09:55ET (13:55GMT)- Consensus expectations: 77.9e v 76.4 prior
[09:43] {Alexs} slw valid again?
[09:43] {nemo} 88 is the 50 day for DE
01[09:43] {Threei}  no, let's skip it
01[09:44] {Threei}  not enough re-consolidation
[09:44] {cipher} adsk l ..94
[09:45] {nemo} you get out on that pop to .60 ;-)
[09:45] {cipher} out .23
[09:45] {cipher} IBB L .09
[09:45] {Les} noticed this area IWM is challenging is 261% fib of the 2009 to '11/'12 double top rally. breakout/breakdown/rangebound - choose yer poison
[09:47] {cipher} out .33
01[09:47] {Threei}  watching BBRY for long from under .60
[09:47] {cipher} SIRO L .06
01[09:49] {Threei}  changing my tune on SLW
01[09:49] {Threei} Short Setup: SLW  .30 breal
01[09:49] {Threei}  hl still
01[09:49] {Threei}  If holds  .40
01[09:49] {Threei}  whew, feels good
[09:50] {Les} nice to be able to swing back and forth on a dime
01[09:50] {Threei}  "listen to your favorite song "fur boots"...
01[09:51] {Threei}  old russian joke... will tell when market calms down
01[09:52] {Threei}  GDX 1:2
[09:53] {cipher} CHTR L .13
01[09:53] {Threei}  trail to .36
[09:54] {dino} arun sm l .76
01[09:55] {Threei}  *(US) MAY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 83.7 V 77.9E
01[09:55] {Threei}  decent number
[09:56] {cipher} aegr l .75
[09:56] {RonS} persecuting conservatives and stealing elections makes everyone feel good...
01[09:56] {Threei}  doesn't it
[09:56] {jdetente} it's a feel good type of story
[09:56] {jdetente} "there's no there there"
01[09:57] {Threei}  this is so frkin impeachment material...
[09:57] {cipher} out AEGR .90 +.17
01[09:57] {Threei}  SLW 1:1
[09:57] {jdetente} as Les would put it Obama is going to use a "Jedda" mind trick
[09:57] {Les} I was surprised by depth of material IRS seek from various conservative groups
[09:58] {ese} L aria .62
[09:58] {Les} jd that stinks
01[09:58] {Threei}  Euro vs US Dollar Dollar index continues to strengthen following Univ of Mich data
[09:58] {jdetente} not one of my better ones I must admit
[09:59] {jdetente} (hangs head in shame)
[09:59] {Les} GDX out on trail thy
[09:59] {Les} ty
01[09:59] {Threei}  yw
[09:59] {nemo} jcp
[09:59] {dptl} gm
01[09:59] {Threei}  *(US) APR LEADING INDICATORS: 0.6% V 0.2%E
01[09:59] {Threei}  dp :)
01[10:00] {Threei}  missed BBRY
01[10:00] {Threei}  should have changed to .65
01[10:00] {Threei}  and with that doji is was quite obvious
01[10:00] {Threei}  my momentary lapse of reason
01[10:01] {Threei}  (CY) IMF: Cyprus 2013 GDP to decline 9% or maybe more, Cyprus banks may see more pressure due to further declines in asset quality -
[10:02] {Les} was looking at 3 min chart of BBRY. often break from under 3 min bb's will not be repeated a 2nd time
01[10:02] {Threei}  GDX 1:3 close enough, out
[10:02] {Les} except CAT, CAT's a proper c&%ç sometimes
01[10:02] {Threei}  1:3
[10:03] {robbers} Out GDX, nice morning, Vad.
01[10:03] {Threei}  :)
[10:03] {Will49} sweet Vad
[10:04] {jdetente} holding last piece of GDX for 1:4 or stop on trail
[10:04] {cipher} GMCR L.71
[10:05] {Les} GLD
[10:05] {cipher} out .80
[10:05] {Les} finding a bottom here
[10:05] {Les} seeking a bottom
01[10:06] {Threei}  "a"
01[10:06] {Threei}  key word :)
[10:06] {Les} :)
[10:08] {dino} adsl hl l .00
[10:08] {cipher} RGLD L .49
[10:08] {dino} adsk
[10:08] {dino} stop -.27
[10:09] {dino} vips hl l .50
[10:11] {Les} someone stole $1M in jewels from the Cannes festival loaned out for photo ops. LMAO
[10:11] {nemo} PXD looks short here
[10:12] {Les} C is at previous high resistance here
[10:14] {ese} nice...i like that nice long bottom tail in the 1 min spyders
[10:15] {ese} l some more aria avg still .62
[10:15] {backman} gdx testing new low
01[10:15] {Threei}  SLW 1:2
[10:15] {jdetente} GDX 1:4
[10:15] {Les} otu ty
[10:15] {jdetente} thanks Vad
01[10:15] {Threei}  crap... thought of GLD .40 short
01[10:15] {Threei}  yw sir
[10:15] {Les} well so much for 'a' bottom :)
[10:15] {ese} L je .29
[10:16] {Les} getting a little stretched here.
[10:16] {dptl} so i missed two nice trades i see :)
01[10:16] {Threei}  3 dp
[10:16] {Les} DB from opening?
01[10:16] {Threei}  FCX long at the open
[10:16] {Les} GLD DB?
01[10:17] {Threei}  nah
01[10:17] {Threei}  it's a breakdown with much higher odds
[10:17] {Les} k
01[10:17] {Threei}  it's geting panicky feel to it
[10:17] {cipher} uthr l .39
[10:17] {dino} ouy vips .77, +.27
[10:18] {dino} vsat hl s .96
[10:19] {ese} L some more aria avg .623745
[10:19] {ese} target 17.00
01[10:22] {Threei} Short Setup: GLD  .15 break hl
01[10:22] {Threei}  If holds  .30
[10:22] {dptl} in .14
01[10:23] {Threei}  no go
[10:23] {dptl} stopped
[10:23] {dptl} that was quick
[10:23] {ese} aria yesterdays high .75   .....will make 17 if it gets by that
[10:23] {backman} any musing on GDX break of .80 long?
01[10:24] {Threei}  not jazzed about it
[10:25] {Les} wow GDX is almost ready to vomit here
[10:26] {Les} definitely prefer being short
[10:26] {ese} lol
[10:27] {dptl} what do you think about COH Vad?
[10:28] {backman} well, i think if gdx breaks 80 its got lots of sky...not trading it howeever
[10:29] {ese} L gdx .81
[10:29] {ese} lets find out
[10:29] {backman} nothing but my best wishes for u
01[10:29] {Threei}  I don't see anything definite there dp
[10:29] {Will49} we're behind you till your nose bleeds
[10:29] {ese} tks
[10:30] {ese} stop .66
[10:31] {cipher} UNXL L .00
[10:31] {cipher} MNST L .60
[10:31] {ese} it's the sky or vomit........prefer sky at this point seeing as how i'm long
[10:31] {cipher} SBGI L.17
[10:32] {ese} besides....whats $140.00 bucks among friends eh
[10:33] {Will49} specially after your big one yesterday
[10:33] {ese} indeed
[10:33] {jdetente} a round of beers for all right ese?
[10:33] {ese} ya......it's on will.....take care of that will ya will
[10:34] {Will49} sure-sure
[10:35] {cipher} out SBGI .38 +.20
[10:35] {dptl} are you guys on island there gonna selebrate Victoria day?
[10:35] {dino} out arun flat
[10:35] {Will49} not if the markets are open
[10:35] {ese} yes.......the Vic High R&B band is in the parade
[10:35] {Will49} the parade better start after 1 pm
[10:36] {Will49} if you're marching ese, I'll come out for sure :)
[10:36] {dptl} :)
[10:36] {Les} wow IWM really stretched and C starts looking like ahsort
01[10:37] {Threei}  and if his female band members are marching, dp will come out
[10:37] {Les} but not yet
[10:37] {ese} i'm not marching....but i'll be walking
[10:37] {Will49} worth a trip over, eh dp?
[10:37] {ese} the kids are on the float
[10:37] {Will49} ok that seals it
[10:38] {dptl} :)
[10:38] {backman} If C falls, I'd expect GDX to talke off
[10:38] {Will49} Buddha says expectations are the path to pain
01[10:38] {Threei}  canucks rejoice: http://peterlbrandt.com/is-the-canadian-dollar-about-to-be-hockey-sticked/
[10:39] {ese} dino this thing is right up your playbook gdx...........
[10:39] {RonS} oku sm l .85
[10:39] {dino} cov vsat .55, +.41
[10:39] {RonS} yoku
[10:39] {backman} thank u for the reminder, will
[10:39] {nemo} having Les in this room is a path to pain
[10:39] {Les} anything for your pleasure Nemo
[10:39] {backman} kinda like the dentist wo novacaine
[10:39] {nemo} 4 Noble Truths Will
[10:39] {Will49} yeah nemo
[10:40] {ese} ouch
[10:40] {nemo} Buddha was a funny guy though
[10:40] {Will49} he's always depicted with a big smirk
[10:40] {Will49} that's a smile Les
[10:40] {nemo} His prescription for enlightenment was the denial of all physical needs
[10:40] {Les} you are too close to the edge of the miners cliff ese
[10:40] {Will49} yup
[10:41] {Les} yeh which makes Buddhism frikin useless in the real world IMO
[10:41] {nemo} he was also someone misogynistic in his views
[10:41] {Les} except for those that wanna disappear off the face of the earth
[10:42] {Will49} misoga...what?
[10:42] {Les} Nemo didn't have the guts to carry through as a buddhist
01[10:42] {Threei}  will... nemo sure is keeping his proboscis high
[10:42] {Will49} he had the biggest gut people had ever seen
[10:42] {ese} out aria .64 +.02
[10:42] {nemo} mesodactyl to you too Vad
[10:42] {ese} couldn't take the chance
[10:42] {ese} too many shs
[10:43] {Will49} that only buys one round ese
[10:43] {Les} 10'000 x .02 equals $200
[10:43] {Les} cava alors
[10:44] {ese} true
[10:44] {ese} was only 3 again
06[10:44] * Les smacks ese for being a miserly niggard
[10:44] {ese} lol
[10:44] {cipher} AEGR L .75
[10:44] {Les} jeez how much do beers cost in Victoria?
[10:44] {ese} too much
01[10:45] {Threei}  SLW nears 1:3
[10:45] {ese} way cheaper in europe
01[10:45] {Threei}  I don't know what you guys saw in that GDX long, it had absolutely no wind in its sails
[10:45] {Les} neo GDX short?
01[10:45] {Threei}  here is 1:3
[10:45] {ese} excitement man!!!!!!!1 excitement
[10:45] {Les} setup .70 breakdown?
01[10:45] {Threei}  ah
01[10:45] {Threei}  not sure Les
[10:46] {ese} out gdx .74 -.07 mrkts looking weak
[10:46] {Will49} there you go...predicting again
[10:48] {cipher} AEGR stopped -.14
[10:48] {Les} GLD bullish divergence building in 3 min with s3 pivot support. Reduces likelihood of breakdown
[10:48] {cipher} AEGR S .59
[10:49] {ese} aria you no good for nothing slime balling piece ah.........???????.....well you figure it out
[10:49] {ese} bastard
[10:51] {Les} C .30 looks reasonable, but with IWM trying so hard for 99
[10:53] {ese} well les.......theres that vomit scenario with gdx you were talking about
[10:54] {Les} not yet ese, just breaking new lows
[10:54] {Les} EoD will be interesting
[10:54] {nemo} usuall op ex Friday's aren't
01[10:55] {Threei}  SLW 1:4, I am out
01[10:55] {Threei}  finally I did what jd does
[10:55] {ese} aria.......bastard
[10:55] {Les} if market tapers off to nothing then I best go buy a bottle now before close...
[10:55] {Will49} good trade Vad
[10:55] {jdetente} I learned it from you Vad...being "patienter"
01[10:55] {Threei}  took unusually long time for the moerning trade
01[10:56] {Threei}  but heck
[10:56] {Will49} I chickened out at 1:3
[10:56] {Will49} but at my stage of development, that's a big win
[10:56] {ese} ya can't expect instant profit every time chief ........your only human man
01[10:57] {Threei}  that's what we Kryptonites what you to believce
01[10:57] {Threei}  what
01[10:57] {Threei}  want
01[10:57] {Threei}  sigh
[10:57] {ese} a trading god .....but still human
[10:57] {cipher} cov  AEGR .32
[10:57] {Will49} do Kryptonites stutter?
01[10:58] {Threei}  to create the false impression of imperfection, yes
[10:58] {Will49} aha
[10:58] {ese} aria pausing for effect.........then it will twist the knife in
[10:58] {ese} bastard
[10:58] {ese} lol
[10:58] {ese} ok now that was funny
[10:59] {ese} that'll teach him for only showing periodically
[10:59] {RonS} unxl blood
[11:00] {jdetente} slw continues it's descent
01[11:01] {Threei}  so, about SLW.... soviet radio station, announces: per request of the Vasya, resident of the village Duck Feet, we present for you his favotite song Fur Boots.
01[11:01] {Threei}  next day, same time:
01[11:01] {Threei}  per request of the Vasya, resident of the village Duck Feet, we present for you his favotite song Fur Boots.
01[11:01] {Threei}  after four days of this, 5th:
01[11:02] {Threei}  Vasya, resident of the village Duck Feet, asks for the 5th symphony of Bach. Vasya, don't be a pest, listen to your favorite song Fur Boots.
01[11:02] {Threei}  when calling long and then short SLW i felt exactly like Vasya
[11:03] {ese} ?
[11:03] {RonS} lol
[11:03] {Les} heh
[11:03] {nemo} DE
[11:03] {ese} I have a music degree with a mathematics minor............what the hell are you talkin about vad
01[11:03] {Threei}  ummm
[11:03] {RonS} rotflol
01[11:03] {Threei}  ok
[11:04] {Les} lol
[11:04] {dptl} lol
[11:04] {jdetente} roflmao
01[11:04] {Threei}  I was calling miners and PMs short for so long now, change to SLW long felt like a change from fur boots to bach
[11:04] {Will49} ahhh
[11:04] {ese} out je .36 +.07 it ain't goin nowhere
01[11:05] {Threei}  and calling it short again felt like getting back to my favorite song fur boots
[11:05] {ese} lol
[11:05] {ese} i love this board....never a flippin dull moment
[11:06] {RonS} ese, wanna know why the Russians threw out the Jews?
[11:06] {Will49} and when the boss makes joke...everyone laugh..understand?
[11:06] {robbers} So next time, Vasya calls in and requests Fur Boots at 1:3.
[11:06] {Les} nemo u leaning one way or the other on DE?
[11:06] {RonS} ...they couldn't understand a real joke///
[11:07] {nemo} hard to say, would expect a retrace, but indexes heavy
[11:07] {ese} ?
[11:07] {nemo} 86.40 next level below the 85.72
[11:08] {RonS} most of US comedians have been Jewish...those guys know what a real joke is...
[11:08] {Will49} zooooom...right over my head
[11:09] {Les} so you saying Vad's not Jewish Ron?
[11:09] {jdetente} lol
[11:09] {jdetente} direct attack on Vad's sense of humour...well played Les
[11:09] {Will49} even Les gets lucky now and then
01[11:10] {Threei}  that's OK... I never go to bed angry
01[11:10] {Threei}  I stay up and plot my revenge
[11:10] {Will49} lol
[11:11] {dptl} C   short?
[11:11] {ese} I live on the same island.......i can attest to that
01[11:11] {Threei}  .20 break
01[11:11] {Threei}  yeah, let's try it
[11:12] {jdetente} half lot for me...gun shy with C shorts lately
01[11:12] {Threei}  yes
[11:16] {ese} L apol .51
[11:17] {ese} 3/4
[11:17] {dptl} invalidated C
[11:17] {jdetente} whew
[11:17] {jdetente} lol
[11:18] {dptl} Vad , do you see anything on KBH?
[11:19] {dptl} is that a good set up?
01[11:19] {Threei}  not really
01[11:20] {Threei}  struggle for 10 cents at best
[11:20] {dptl} ok
[11:20] {ese} L aria .61......bastard
[11:22] {dino} vnda spike
[11:23] {Will49} ese...apologies for interupting your losing trades :) but you've got mail
[11:25] {ese} lol...........neuck neuck neuck......gak gak gak........neuck neuck neuck......................theres always a wise guy in every crowd
[11:25] {Will49} hehehe
[11:25] {Les} no go DE
[11:25] {cc_9} in some NUGT stop loss 8.37
[11:26] {ese} AND!!!!!!!!!! i'll have you know.......i'm up 216 on the day.............
[11:26] {Will49} gak gak gak = choking on trades
[11:28] {ese} ahhhh vad.......can i ask what the screening process is for letting ahhhhhhh certain undesirables on this board please?
[11:28] {Will49} $$$$$$$
[11:28] {ese} standards appear to be a little lax
01[11:29] {Threei}  very basic, ese, adnmittedly
[11:29] {Will49} Les and I are still on probation
01[11:30] {Threei}  we actually have this great IQ test at the entrance
[11:30] {ese} will never be off
01[11:30] {Threei}  I call it The Great Barrier of Underscore
[11:30] {ese} ?
[11:30] {ese} rotflol!!!!!!!!!1
01[11:30] {Threei}  trialers who can't figure out this _ thingy...
[11:30] {ese} now that was a good one
01[11:31] {Threei}  surprizingly many of them
[11:31] {ese} lordy lordy be...........nice one chief
[11:31] {Will49} oh yeah? OH YEAH? (i don't understand)
[11:31] {ese} i'd like to see wills test score please before i answer any more of his questions
[11:32] {Will49} Will rips up copy of IQ test
[11:32] {Will49} in shame
01[11:32] {Threei}  I'll have you know, will scores very high - he laughs at my jokes
01[11:32] {Threei}  and this is not a small feat
[11:33] {Will49} yes boss yes boss
[11:33] {ese} rotflol.........
01[11:33] {Threei}  I realize what effort it takes
[11:34] {ese} L some aria avg .62446 and change
[11:34] {Will49} the last Russian I messed with showed me his gun
[11:35] {dino} vsat hl s .65
[11:35] {ese} thats true
[11:35] {ese} i can atest to that as well
01[11:35] {Threei}  I can sense lulu pants joke coming
[11:35] {Will49} no...real gun
[11:36] {ese} somethings up with this mrkt..........is there actually anything moving fast out there
[11:36] {Will49} I said to him "what's that for?" and he said///"just wanted you to know I have one:
[11:36] {ese} lol
[11:36] {Les} speaking of which, failed to see any see thru lulu pants at Yoga.
[11:36] {Will49} and as a true Canuck...the big black gun scared the hell out of me
01[11:37] {Threei}  in total violation of major principles I was taught by my martial arts teachers and mafia compatriots
01[11:37] {Threei}  both preached the same thing:
01[11:37] {Threei}  never take out the gun other than for shooting
01[11:37] {Threei}  only idiots take it out for threatening
[11:38] {ese} hmmmmmmmm..........
[11:38] {Will49} well maybe this guy followed the rules
[11:38] {Les} lot o those idiots going around...
[11:38] {Will49} he just slowly opened a drawer in his gagarge and let me look in
[11:38] {Will49} garage
[11:38] {Les} C offering short opp here
[11:39] {Will49} bugger off Les, we're trying to chat here
[11:39] {ese} now now
[11:39] {Will49} :)
01[11:39] {Threei} Long Setup:  CAT  .80 break hl
01[11:40] {Threei}  actually, let's make it .76 break
[11:40] {patel} stop
01[11:40] {Threei}  If holds  .66
[11:40] {ese}  in .75
[11:41] {dptl} in .77
[11:43] {ese} spyders should do a 3rd higher low here to help it out
01[11:45] {Threei}  meh
[11:45] {patel} damn it
[11:45] {dptl} out
[11:46] {dino} mdso sm l .31
01[11:47] {Threei}  ok, before you do any more trades, read this twice, so you don't type those emotional outbursts:
01[11:47] {Threei}  http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[11:48] {ese} .59 stop cat
[11:48] {ese} nope stopped
[11:48] {ese} bastard
[11:48] {dino} stop mdso -.38
[11:50] {patel} missed the 1st 3 trades and then stopped out of GLD adn CAT. So there are no profits for me to handle.
[11:51] {dptl} he he ...same here patel :)
01[11:51] {Threei}  how can you miss those 3?
[11:51] {patel} friday conference calls.
01[11:51] {Threei}  none of them was particularly fast
01[11:51] {Threei}  dp just slept through
[11:51] {ese} nice....Why The Failure.......
[11:51] {dptl} was hard to wake up ...late night
[11:51] {Les} C lower high
[11:52] {Les} I am short .44
[11:52] {ese} never knew what that meant...........took my cue from dino.......thought it meant something esle
[11:52] {dino} rinsed mdsco
[11:52] {patel} quit has been on my mind for a month.
[11:53] {jdetente} why Patel??
[11:53] {jdetente} we've been trading well and even losing days have been small
[11:54] {patel} I missed alot of those days not being int he room.
[11:54] {ese} ahhhhhh
[11:56] {Will49} don't give in Patel!
[11:56] {Les} first partial .36
[11:57] {Will49} this happened to me also....but in Feb things just started to "click"..I know now that you just have to put your head down and follow thr rules to a tee
[11:57] {jdetente} yes Will totally agree
[11:57] {ese} my advice exactly......hang in there
[11:57] {Will49} I was on verge of quitting dozens of times
[11:58] {Will49} you just have to serve your time on the rack (so to speak)
[11:58] {Les} Only on Ritalin can I analyse and see the beauty of Vad's system. But I know also see now that when Vad is having a rough day my own system serves as backup.
[11:58] {ese} lol
[11:59] {jdetente} but even rough days, Vad's system contains losses
[11:59] {patel} yeah, feels like the days we do awesome those are the days I am not in the room and the days we lose or very little green those are the days I am here.
[11:59] {nemo} kill Les
[11:59] {ese} exactly
[11:59] {Will49} just bad luck Patel
[11:59] {Will49} like a casino, you need to be in operation to gain the edge
[11:59] {nemo} wow, that's a great tell...if kneecap isn't here it'll be a great day
[12:00] {Les} so I should just leave?
[12:00] {ese} rotflol
[12:00] {ese} that would a no buddy
[12:00] {Will49} we need the comic relief
[12:01] {Will49} can't understand Vad's jokes so we rely on nemo's insults
[12:01] {ese} indeed
[12:01] {Les} beer, some insults and a bit of cash
01[12:01] {Threei}  you don't have to understand them... polite smile will suffice
[12:01] {Les} u guys are easy to please
[12:02] {Will49} yes boss yes boss
[12:02] {Will49} :)
01[12:02] {Threei}  I abandoned my beat-Seinfield amboitions
[12:02] {Will49} lol
[12:02] {Will49} we still love you Vad
[12:03] {Les} you'll never get the new york nasal accent down pat
[12:03] {nemo} DE looks long above .35 probably to .60ish
01[12:03] {Threei}  well, neither will he russian accent
[12:03] {Les} to each their own
[12:04] {Les} C stopped fora  scalp. gonna go find some booze
[12:07] {dptl} GDX short ?
01[12:08] {Threei}  .60 break
01[12:08] {Threei}  keep and eye on GLD as well
01[12:08] {Threei}  as a leader
[12:09] {dptl} ok ...
[12:09] {Les} good clal Nemo
[12:09] {Les} DE
[12:09] {Les} gonna shut down during lunch. later
[12:10] {dino} cov vsat .09, +.56
[12:10] {ese} later
[12:12] {dptl} hmm..its not really followin GLD  ...may be a good sign
01[12:14] {Threei}  not tick by tick, but overall, it does
[12:14] {dino} unxl drop
[12:15] {dino} sm l .76out unxl .25, +.49
[12:16] {backman} CAT have any merit above .76
[12:16] {dino} scty craziness again
01[12:17] {Threei}  it's the same trade that we already tried
01[12:17] {Threei}  and it failed
[12:17] {backman} yes..dont' know if chart setup is different at this time
01[12:19] {Threei}  a bit
01[12:19] {Threei}  but still... doesn't feel like there is a lot of drive
[12:19] {backman} kk
[12:25] {dptl} holding .70 so far
01[12:26] {Threei}  *(SI) FITCH LOWERS SLOVENIA RATING
01[12:27] {Threei}  remember I said pnce Cyprus won'/t be able to stop capital ciontrols for a long long time?
01[12:27] {Threei}  (CY) Cyprus issues its 12th decree, extending capital controls
01[12:27] {Threei}  heh
[12:29] {dino} unxl
[12:30] {dino} sm l .75
[12:32] {dino} out .07, +.32
[12:32] {dptl} ye invalidated GDX
[12:33] {dino} sm l .40
[12:34] {dino} out unxl .12, +.72
[12:35] {dino} re-load, unxl sm l .06
[12:37] {dino} stop .86 -.20
[12:38] {dino} unxl sm l .61
[12:40] {dino} stop .30, -.3
[12:40] {dino} sm l .04
[12:41] {dino} out .85, +.81
[12:42] {dino} wow lod gain
[12:42] {dino} again
[12:43] {dptl} Vad what about RHT?
[12:43] {dino} sm l .51
[12:43] {dino} out .81, +.30
01[12:43] {Threei}  worth a try
01[12:43] {Threei}  where do you get these stocks? same basket every day
01[12:44] {Threei}  VLO... KHB... RHT...
[12:44] {dptl} YE
[12:44] {dptl} ye
[12:44] {dino} sm l unxl .50
[12:44] {dptl} trying .99
[12:44] {dptl} got it
[12:45] {dptl} .11 stop
[12:45] {dino} out .90, +.40
01[12:45] {Threei}  in Celsius:
01[12:45] {Threei}  Current weather in Antarctica -44 but FEELS like -72
01[12:46] {Threei}  penguins are not under threat of immediate death from global warming it seems
01[12:46] {Threei}  they have a few days to prepare
[12:47] {ese} I have to hit the trail ladies and gents.......may check in later
[12:47] {ese} if not have a great weekend
01[12:47] {Threei}  take care ese
[12:48] {ese} cya vad
[12:50] {dino} sncr spike
[12:51] {dptl} ok with the market RHT.....die
[12:53] {dino} scary thing on unxl is that 23 area gap from end march
[12:53] {Alexs} cat short .70?
01[12:54] {Threei}  I'd prefer aggressive entry
01[12:54] {Threei}  .75 - .80
01[12:54] {Threei}  shakeouts everywhere now, not a good time for breaks
[12:55] {Alexs} k
[12:58] {dptl} ye not realy working RHT
[12:58] {dino} unxl sm l .03
[12:58] {dptl} stopped
[12:59] {dptl} 3rd one....backing off
[13:02] {dino} out unxl .73, +.70
[13:03] {dino} re-load .10 sm l
[13:05] {dino} stop .04 -.06 don't like the pause
[13:06] {dino} scty continues
[13:07] {dino} starting to feel like mania phase, things jumping 8, 10, 15 bucks/day
[13:08] {dino} regarding my "pause", my dog prefers paws
01[13:08] {Threei}  shadows of 1999? :)
[13:09] {dino} makes me wonder vad, last time i saw this was leading up to march 2000 crash beginning.
[13:09] {jdetente} back from break. Any open trades?
[13:09] {dino} messing w/unxl alot dp
01[13:09] {Threei}  no jd
[13:10] {dino} but quiting soon, tee time in 45 minutes
01[13:12] {Threei}  one thing I feel the need to add dino
01[13:12] {Threei}  party of late 90s continued for much longer than anyone could expect
01[13:12] {Threei}  while the signs of the top are there this time just as last time, it can go on for months
01[13:12] {Threei}  maybe more
[13:13] {Alexs} de short .10?
01[13:13] {Threei}  we heard "that's it, we are reversing" for at least two years in tech boom
[13:14] {dino} sure, agreed.
01[13:14] {Threei}  if holds .20, and don't do more than half lot
01[13:14] {Threei}  DE can be jumpy
[13:14] {Alexs} k
[13:14] {dino} market can stay irrational longer than i can stay solvent
01[13:14] {Threei}  yup
01[13:14] {Threei}  this is exactly how market gets those who believe in their "logic"
[13:14] {dino} don't think, just react to setups
01[13:15] {Threei}  overbought gets overbloughter, then overboughtest
01[13:15] {Threei}  and then it gets bought some more
01[13:15] {Threei}  before finally reversing
01[13:15] {Threei}  I learned it very hard way attempting to short KTEL in 20-30
01[13:15] {Threei}  thank goodness I already started realizing what market is at that point
01[13:16] {Threei}  and took my loss, however big it was
[13:16] {dino} been there buddy, almost lost it all back then
01[13:16] {Threei}  if I didn't it would end my trading career
[13:16] {patel} what is KTEL
01[13:16] {Threei}  as KTEL went to 80
[13:16] {dino} you brought me discipline
01[13:16] {Threei}  you read TTR patle?
[13:16] {dino} unxl sm l .26
01[13:16] {Threei}  one of my 3 big lessons
[13:16] {patel} I have it
[13:17] {patel} no, I just got it in last week Vad.
[13:17] {dino} out unxl .66, +.40
[13:18] {patel} What are your 3 big lessons?
[13:18] {dino} with that, calling it a day. thx all. had some fun w/unxl. might pay to keep watching it
01[13:18] {Threei}  take care dino
01[13:18] {Threei}  read the book patel
[13:18] {dino} u2
01[13:19] {Threei}  KTEL story though re-told here: http://blog.realitytrader.com/2008/03/can-you-afford-to-be-wrong-for-too-long.html
01[13:25] {Threei}  you covered any yet, alex?
[13:26] {Alexs} didnt fill 1:1
01[13:26] {Threei}  yeah, barely touched
[13:28] {dptl} ye.it did hit 87 for few shares..
[13:29] {Will49} also got a 200 hit at.00
[13:29] {dptl} you know why?
[13:29] {dptl} becose i wasnt in it..lol
[13:33] {Les} I c it's all goin down like Nemo reckoned
[13:33] {nemo} cof
[13:33] {Will49} well tks dp....:)
[13:34] {dptl} yeah...yw
[13:35] {Will49} at least a friday mid-day trade makes me pay attention again
[13:36] {Will49} bman..only took it because Vad was unduly excited about it (not)
[13:36] {Will49} jk
[13:37] {RonS}  Energy Department Approves Freeport Natural-Gas Export Permit
[13:44] {backman} cat just broke through dump ass bid at 87.60.....missed then entry
[13:45] {nemo} jcp .40
[13:46] {Alexs} de 1:1
01[13:50] {Threei}  :)
[13:51] {dptl} SPWR .25 sh?
[13:52] {backman} JPM approaching support at .82....I'm short from .88
[14:03] {Les} you guys got long weekend for Monday?
[14:04] {Will49} only for people who work:)
[14:04] {Les} Monday is holiday in Switzerland, probably much of Europe too
[14:04] {Les} heh will
[14:04] {Will49} Victoria day
[14:04] {Les} nother reason for slow ass day
01[14:04] {Threei}  in canada only
[14:04] {Will49} we still celebrate Queen Victoria's BD...do you believe it?
[14:04] {Les} sure
01[14:05] {Threei}  us holidat is nextmon
[14:05] {Les} you are the queen's subjects
01[14:05] {Threei}  us holiday is next mon
[14:05] {Will49} i guess
01[14:05] {Threei}  which is how I like it
01[14:05] {Threei}  I have day off, no crowds anywhere
01[14:05] {Threei}  DE looks better and better
[14:05] {Will49} and the Queen stay the hell out ouf business
[14:06] {Will49} our
[14:06] {Will49} she's dead you know
[14:06] {Les} could be DB long here
[14:06] {Les} DE
[14:06] {Les} what's the setup
[14:07] {Les} DE, what's the setup please?
[14:07] {Will49} forks on left, knives on right
[14:08] {Les} god u been reading book of jokes by Vad?
[14:08] {Will49} Vad is setting the table for lunch
[14:08] {Les} sorry Vad
[14:09] {Will49} out DE +.19 tks Alexs
[14:09] {Alexs} de 1:2
[14:09] {Alexs} tks Vad
01[14:09] {Threei}  that's OK les, as I said beofr I am quietly plotting my revenge
01[14:10] {Threei}  it's your find alex... :)
[14:10] {Les} nice alex
[14:10] {Alexs} ty
01[14:10] {Threei} Short Setup: GLD  .80 break
01[14:11] {Threei}  If holds  .90
[14:12] {Alexs} hl gld?
01[14:12] {Threei}  god yes
01[14:13] {Threei}  this thjing sometimes gets way too jumpy
[14:15] {Les} half out .72
[14:16] {dptl} so..in this case it was so fast stop is b/e?
[14:16] {Les} 2h covered flat
[14:16] {backman} any stop tightening
01[14:16] {Threei}  .86
[14:22] {Les} new entry
[14:24] {Les} RIG nice sell signal on daily DT
01[14:25] {Threei}  ok GLD... you are ready for the decisive breakdown
01[14:25] {Threei}  your eyelids are heavy
01[14:25] {Threei}  your feet are tired
[14:25] {patel} you act like you need viagra
[14:26] {Will49} stop it Vad...I'm getting dizzy
01[14:26] {Threei}  lol
01[14:28] {Threei}  sigh
[14:28] {patel} crap
[14:28] {Les} no 2nd entry
[14:28] {dptl} hmm.....
[14:29] {dptl} i think i need another break
01[14:30] {Threei}  you need to wake up in time
01[14:30] {Threei}  you would be up solidly for the day
[14:30] {jdetente} in profit preservation mode now. Still good for the day...not as good but hey that's the way it goes
[14:30] {jdetente} sometimes you eat the bear...sometimes it eats you
[14:31] {dptl} ye, but for some reason i didt, wich makes me think, what is going on....
[14:31] {jdetente} need to treat it like a JOB dp
[14:32] {dptl} heh.....you have no idea jd....what i do for this
[14:32] {dptl} and did
[14:32] {dptl} for long time
01[14:33] {Threei}  you present it as if there is some external force keeping you from being profitable
01[14:33] {Threei}  "I do everything right, yet it doesn't wotk"
[14:33] {jdetente} what I am saying is that you wouldn't be hours late for a job in an office
[14:34] {jdetente} so with your own money and risk on the table...treat it the way you would a 9-5er
01[14:34] {Threei}  especially knowing it's the most productive hour
[14:34] {dptl} it may sound finny....but..makes me wonder Vad sometimes:)
01[14:34] {Threei}  well... it does sound finny :)
[14:35] {dptl} i know..
01[14:35] {Threei}  but I watch you for a good while now,
01[14:35] {Threei}  and believe me, I see self-sabotage very clearly
[14:36] {Les} DE break of low
[14:36] {Les} .85?
01[14:36] {Threei}  traers are not born or made by someone
01[14:36] {Threei}  traders are self-made
01[14:36] {Threei}  not sure about this break
[14:36] {Les} k
01[14:37] {Threei}  you get hit, you treat it like a lesson
01[14:37] {Threei}  you think about it, make your conclusions and correct the course
01[14:37] {Threei}  instead, you seem to just get back in the game with the same behavior as before
01[14:37] {Threei}  no corrections, no changes
01[14:37] {Threei}  byut somehow excpect different result
01[14:38] {Threei}  simple question for you to ponder over the weekend:
01[14:39] {Threei}  how many times by now you started Taoist Trader, only to drop again instead of making it your bible?
[14:39] {Les} SLW .90 breadkown is tempting...
[14:39] {Les} yet GLD pops a little higher
01[14:39] {Threei}  it is...
01[14:40] {Threei}  yeah, GLD is not confirming
[14:40] {Les} miners aren't following.... yet
[14:40] {patel} Need to relieve some stress. Gotta find me a chinese massage place.
01[14:40] {Threei}  maybe we need to decouple them for a while
[14:40] {Les} go find a martial sport in your area
[14:40] {Les} Vad and Mark led me to Aikido which is feeding back into my trading...slowly
[14:41] {patel} Who is Mark???
[14:41] {Les} Hey MARK!!
[14:41] {nemo} I didn't tell you to go jump around in pajamas
[14:41] {Les} led me
[14:41] {Les} not told me
[14:41] {nemo} ?
[14:41] {Les} can see difference between myself and others now at aikido
[14:42] {Les} with yer tao understanding fool
[14:42] {jdetente} wait a minute my real name is Mark...hmmm.
[14:42] {dptl} Vad,yesturday and today i think i hold my self preatty good with overtrading essues...didt do any stupid trades on my own.but things just didt work, this time......and yes, still working on your book....
[14:42] {Les} Vad cemented it with the Taoist trader
[14:44] {Les} GLD giving groudn again
[14:46] {Les} RIG vad
[14:46] {Les} a recross of .00 to short into or .90 holding .00?
[14:46] {Les} that big ugly red volume bar...
01[14:47] {Threei}  doubt it
[14:47] {Les} k
[14:49] {Les} volume coming into C but its not making new highs like FAS
[14:49] {Les} but IWM wants 99
[14:53] {Les} CAT comgin down
[14:55] {Les} slw .90 break for .05 of risk?
[14:56] {Les} or we could be just doomed to further frustration
[14:57] {Les} GLD bounce
[14:59] {Les} lol not very often I have time to debate the pros and cons without losing the setup. probably means its not good enough
[15:01] {Les} sm hsort .88 hldign .00
[15:01] {Les} GLD getting heavy
[15:06] {Les} vol. enetering GLD
01[15:07] {Threei}  GDX .60 seems to be important support
[15:07] {Les} have miners been serving as hedge for indexes in your observation?
01[15:08] {Threei}  this relation seem for be on and off lately
01[15:08] {Threei}  ok
[15:08] {Les} just noted iwm hesitation at 99, but miners seem to be dropping now
01[15:08] {Threei}  OK
01[15:08] {Threei}  in
01[15:08] {Threei}  .59
01[15:08] {Threei}  gotta try it
[15:09] {dptl} short?
[15:09] {Les} frik yeh
[15:09] {backman} r u using .10 on this one?
[15:10] {dptl} .66 stop?
01[15:10] {Threei}  no .71
[15:10] {dptl} ok in .58
01[15:10] {Threei}  but will trail faster than 1:1
01[15:10] {Threei}  probably
[15:11] {Les} lol wish we'd take GLD at .75 already out
[15:23] {patel} JCP short?
[15:23] {nemo} no your at support
[15:23] {nemo} you're
01[15:23] {Threei}  with SPY spiking... tough short
[15:23] {nemo} we're heading into market euphoria stage
[15:24] {Les} half cover slw .84
[15:26] {Les} iwm potential DT
[15:26] {Les} but like Nemo said...
01[15:27] {Threei}  stop to .66
[15:27] {dptl} 10-4
01[15:27] {Threei}  lod test
01[15:28] {Threei}  crrrrash, GDX... crash like a drone with drunk teenager at the joystick
[15:29] {Les} reeling in half .52
[15:29] {cc_9} did someone here say drone, your taxes will be going up
01[15:29] {Threei}  uh oh
[15:29] {Les} hehe
01[15:30] {Threei}  1:1
[15:31] {patel} drunk teenager at the joystick. Is the teenager a girl or a boy and what is your context on joystick?
01[15:31] {Threei}  I am not going there
[15:31] {Les} lol
[15:32] {Les} damn how we were just a little too early on gld
[15:32] {Alexs} OK thak you all have a good weekend
[15:33] {Will49} peace
[15:33] {Les} cheers
01[15:34] {Threei}  take care alex
01[15:40] {Threei}  really want one more leg down
[15:40] {Will49} Vad, do you still have internet service?
01[15:40] {Threei}  hmm?
[15:40] {nemo} short setups here on indices but not strong
01[15:41] {Threei}  internet service?
[15:41] {Will49} yes, shaw seems to be down here
[15:41] {Les} bearish divergence 15 min on IWM. could be a monday special to short Nemo
[15:41] {nemo} WIll, that's a Les question if I've ever heard one
01[15:41] {Threei}  fine here
01[15:42] {Threei}  what are you connected through now?
[15:42] {nemo} no, I think we gap up.  We've still got the euphoria stage to go
[15:42] {Will49} shaw cable
[15:42] {Les} could well stall around these levels for a time
[15:42] {nemo} no, everyone expecting sell in may and go away
01[15:43] {Threei}  you lost me will... you say shaw is down for you bu you are connected with shaw?
01[15:43] {Threei}  die GDX!
[15:44] {dptl} lol...Will BC flag eh?
[15:44] {Will49} sorry....can't bring up any websites, says firefox can't find server
[15:44] {Will49} that's it dp...wait till I clear my head:)
01[15:45] {Threei}  let me try
[15:46] {Will49} no....must be PC problem or Shaw is making changes in our electrical room
01[15:46] {Threei}  seems fine
[15:46] {Will49} tks Vad
[15:46] {nemo} also Les, this run has to have caught some money managers buy surprise, so they have to chase performance for the quarter through June...strap in
[15:47] {nemo} or belt up, as you would say
[15:47] {Les} yeh well no weakness encountered yet, so fair enough
01[15:49] {Threei}  1.4 more out
01[15:49] {Threei}  1/4
01[15:49] {Threei}  stop to .56
[15:49] {Les} all out and outta here
[15:49] {Les} decent day
[15:49] {Les} well handled
01[15:50] {Threei}  unless you sleep through first hour
06[15:50] * Threei slaps dptl around a bit with a alarm clock
[15:50] {dptl} yeah
[15:50] {Les} yeh and chase during lunch hour to boot. Know better than that now
01[15:50] {Threei}  there you go
01[15:50] {Threei}  lessons are sinking in
[15:50] {Les} the ones that hurt
[15:50] {Will49} good day Vad...tks   see y'all Monday
[15:51] {Les} bon weekend
01[15:51] {Threei}  take care will
[15:51] {Les} ciao a+
01[15:51] {Threei}  and les
[15:51] {jdetente} Thanks Vad and have a good weekend all.
[15:51] {nemo} short fas here if you want
01[15:51] {Threei}  see you monday jd
[15:51] {dptl} see ya monday all
[15:53] {backman} thanks... cu all Monday
01[15:54] {Threei}  1:2
[15:55] {dptl} out .38 ty
01[15:55] {Threei}  out
01[15:55] {Threei}  thank you all
01[15:55] {Threei}  have a great weekend
01[15:55] {Threei}  see you Monday