RealityTrader Trading Log: June 3 2013

Morning started well but the turned a bot sour as market resumed our least favorable environment, slow climb. A few rinses too many, then a few good trades including 1:3er trimmed the loss but still ended in red.

(Apologies for the garbled log, not sure what gives)

Session Time: Mon Jun 03 00:00:00 2013

[08:56]

01[09:00] <&Threei} can I do a comb thing without first two, and consider a day done?

[09:03]

01[09:03] <&Threei} coffee... only through the straw, I wouldn't be able to hold a cup yet

[09:03]

[09:04]

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01[09:07] <&Threei} dp :)

[09:08]

01[09:08] <&Threei} les :)

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01[09:13] <&Threei} dino :)

[09:13]

01[09:13] <&Threei} bman :)

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[09:14]

01[09:15] <&Threei} yes dino... finished with 1:3er

[09:15]

01[09:16] <&Threei} alex :)

[09:16]

01[09:17] <&Threei} ron :)

[09:18]

01[09:18] <&Threei} will :)

[09:22]

[09:22] <_epach div="" morning="">

01[09:24] <&Threei} cipher, epach :)

[09:24]

01[09:24] <&Threei} jd :)

[09:24]

[09:30]

01[09:30] <&Threei} ese :)

01[09:31] <&Threei} Short Setup: GDX .75 break

01[09:32] <&Threei} If holds .85

[09:32]

01[09:32] <&Threei} Invalidated

[09:32]

01[09:33] <&Threei} Long Setup: C .90 break

01[09:33] <&Threei} If holds .84

[09:34]

01[09:34] <&Threei} 1:1

01[09:34] <&Threei} 1:2

[09:35]

[09:36]

01[09:36] <&Threei} yw

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01[09:38] <&Threei} new rule: no words longer than 2 syllables on Mondays first 30 min

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[09:40]

01[09:40] <&Threei} :)

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[09:41]

01[09:44] <&Threei} Long Setup: JPM .50 break

01[09:44] <&Threei} If holds .40

01[09:46] <&Threei} no go

[09:46]

01[09:47] <&Threei} Long Setup: CAT 86 break hl

01[09:47] <&Threei} If holds .90

01[09:48] <&Threei} JOM rinse

[09:49]

01[09:50] <&Threei} on onr's discretion alex

[09:50]

01[09:51] <&Threei} 1:1

[09:51]

01[09:54] <&Threei} friking JPM

[09:54]

[09:55]

01[09:56] <&Threei} thank you for youir rearview mirror insight

[09:56]

01[09:58] <&Threei} Long Setup: IWM .95 break

01[09:58] <&Threei} If holds .90

[09:59]

01[09:59] <&Threei} 1:1

[09:59]

01[09:59] <&Threei} bad numbers

[09:59]

[10:00]

01[10:00] <&Threei} (US) APR CONSTRUCTION SPENDING M/M: 0.4% V 0.9%E

01[10:00] <&Threei} *(US) MAY ISM MANUFACTURING: 49 V 50.5E; - Source TradeTheNews.com

[10:01]

[10:03]

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01[10:11] <&Threei} go ahead, explain this one

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[10:13]

01[10:13] <&Threei} US Supreme Court justices rule police can take DNA samples from people charged but not convicted of crimes

[10:13]

[10:14]

01[10:15] <&Threei} Short Setup: GDX .10 break

01[10:15] <&Threei} If holds .20

[10:15]

[10:16]

[10:18]

01[10:19] <&Threei} stop to .16

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[10:20]

01[10:21] <&Threei} I doubt it

01[10:21] <&Threei} loss of .80 is more likely

[10:34]

[10:35]

[10:36]

01[10:36] <&Threei} Long Setup: IWM 98 break

01[10:36] <&Threei} If holds .90

01[10:39] <&Threei} move your butt IWM, you are ready for 1:3

01[10:39] <&Threei} grrr

01[10:40] <&Threei} rug pull SPY

01[10:41] <&Threei} IMF cuts 2013 German growth forecast from 0.6% to 0.3%

01[10:46] <&Threei} GDX... are youi kidding me?

[10:49]

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01[10:57] <&Threei} watching WMT for pullback entry

[10:57]

01[10:58] <&Threei} Long Setup: WMT .55 break

01[10:58] <&Threei} If holds .45

[11:00] <_epach -="" .18="" .23="" div="" intc="" long="">

01[11:04] <&Threei} sacre blu

[11:04] <_epach 1:1="" div="">

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[11:12]

01[11:13] <&Threei} a few headlines on it dino

01[11:13] <&Threei} presents dats form a few studies, and upgraded at CS with 73 target'

[11:13]

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01[11:26] <&Threei} Long Setup: TZA .40 break

01[11:26] <&Threei} If holds .30

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[11:32]

01[11:32] <&Threei} WMT another rinse

01[11:32] <&Threei} believe it or not

[11:32]

01[11:32] <&Threei} 1:1 TZA

[11:34]

01[11:35] <&Threei} hmm?

01[11:35] <&Threei} lost me

01[11:36] <&Threei} stop is a stop

01[11:36] <&Threei} it's taken and forgotten

[11:36]

01[11:36] <&Threei} making observation how many rinses in one day

01[11:36] <&Threei} market changes, we observe the ways it does, to adapt

01[11:37] <&Threei} if rinses on standard setups become a routine, we switch to aggressive or conservative entries

[11:39]

[11:40]

01[11:40] <&Threei} letting trigger go, waiting for a rinse to occur, entering on recross

01[11:47] <&Threei} Long Setup: FCX .10 break

01[11:47] <&Threei} If holds 31

01[11:55] <&Threei} 1:1

[11:57]

01[11:57] <&Threei} let me send you a photo of Merilin Monroe

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[11:58]

01[11:58] <&Threei} 1:2 is close enough, 1/4 more out

01[11:58] <&Threei} yw

01[11:58] <&Threei} 1:2

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[12:10]

01[12:10] <&Threei} ?

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[12:11]

01[12:11] <&Threei} hold on, so I follow:

01[12:11] <&Threei} the price of first entry?

01[12:11] <&Threei} and time

[12:11]

[12:12]

01[12:13] <&Threei} OK, one modification:

01[12:13] <&Threei} perfect way to play this kind is to buy recross of a stop level

01[12:13] <&Threei} as in:

01[12:13] <&Threei} .50 entry would have been stopped under .40,

[12:13]

01[12:13] <&Threei} rinse and run of the stops leads to an exit rush,

01[12:14] <&Threei} usually it asppears ina form of a tail if things happen within 1 min,

01[12:14] <&Threei} and if .30 is holding, then .40 recross is where you want to be in

[12:14]

01[12:14] <&Threei} This way you have:

01[12:14] <&Threei} .30 as your new stop, under the low of the tail,

01[12:15] <&Threei} .50, previous trigger as a first partial, which puts you in a very safe territory,

01[12:15] <&Threei} rush of new buyers which is likelyto take you to 1:2 for you whivch is 1:1 for them

[12:15]

[12:16]

01[12:16] <&Threei} and one more thing it gives you:

01[12:16] <&Threei} moral satisfaction of being on a smart money side, as you use rinseds tops instead of being rinsed

01[12:16] <&Threei} well, this is a mix

01[12:16] <&Threei} pure aggressive is buying before the break

01[12:17] <&Threei} conservative is buying on a pullback to a break level

01[12:17] <&Threei} this is something else, that has some traits of both

[12:17]

01[12:17] <&Threei} I call it DKTK setip

01[12:17] <&Threei} Don't Kid The Kidder\

[12:18]

01[12:18] <&Threei} it's a beaty is all regards but one:

01[12:18] <&Threei} you never know in advance when it's time to switch to it, you come to it only after seeing a few rinses

[12:19]

[12:20]

01[12:21] <&Threei} (CY) Fitch lowers Cyprus rating one notch to B- from B

01[12:21] <&Threei} seriously? thwere is soemthing left to downgrade there?

[12:23]

01[12:28] <&Threei} jd... so I get your classification... Would FCX count as a son of a goat having full set of paernts?

[12:29]

01[12:29] <&Threei} OK, I think I start getting a hand of it

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01[12:29] <&Threei} lol

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01[12:31] <&Threei} ahha, more nuances

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[12:41]

01[12:41] <&Threei} yes

01[12:41] <&Threei} so, born out of wedlock, but parents stay in touch and contribute to his raising?

[12:42]

01[12:42] <&Threei} OK... writing that down

[12:43]

01[12:47] <&Threei} let's see if we can get it on a pullback

[12:47]

01[12:47] <&Threei} that I'd dare, pure break - not so much

[12:47]

01[12:48] <&Threei} yup

01[12:48] <&Threei} sharp drop toward .40 would be ideal

[12:48]

01[12:48] <&Threei} well... try to wear duck helmet

[12:49]

[12:55]

01[12:56] <&Threei} Long Setup: FAS .20 break

01[12:56] <&Threei} If holds .10

01[12:56] <&Threei} that was fast 1:1

01[12:57] <&Threei} anyone got it?

[12:57]

01[12:57] <&Threei} hmm?

[12:57]

[12:58]

01[12:58] <&Threei} 1:2

[13:00]

01[13:00] <&Threei} :(

01[13:01] <&Threei} anyway, look at the description of DKTK setup, and this chart... perfect match

[13:01]

[13:02]

01[13:02] <&Threei} sp why not buy .30 break on a rinse?

01[13:02] <&Threei} since we established today is that kind of a day

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[13:03]

01[13:03] <&Threei} I don't understand WY entry

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01[13:07] <&Threei} why did you enter it in a first place?

01[13:07] <&Threei} I see now setup whatsoever

01[13:07] <&Threei} now = no

[13:08]

01[13:09] <&Threei} if you can't name setup, it's not there. Don't trade on these generalities

01[13:09] <&Threei} what you list is criteria for looking at it as a candidate

01[13:10] <&Threei} candidate differs from actual trade by valid setup

[13:11]

01[13:25] <&Threei} Short Setup: MCD .40 break hl

01[13:26] <&Threei} If holds .50

01[13:28] <&Threei} sugh

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01[13:29] <&Threei} lol

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[13:51]

01[13:54] <&Threei} Long Setup: TNA .35 break

[13:54]

01[13:54] <&Threei} If holds .25

01[13:55] <&Threei} pullback entry for .50 break

[14:00]

01[14:01] <&Threei} :)

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[14:05]

01[14:05] <&Threei} yw

[14:07]

[14:15]

01[14:15] <&Threei} Short Setup: GDX .10 break

01[14:15] <&Threei} If holds .20

[14:16]

01[14:16] <&Threei} take care ese

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01[14:17] <&Threei} since when we drink wine there

01[14:18] <&Threei} shiskabob is a vodka time

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01[14:26] <&Threei} fresh IPO

[14:26]

01[14:41] <&Threei} watching TNA again for a pullback entry

01[14:45] <&Threei} Long Setup: TNA .85 break

01[14:45] <&Threei} crap, that was fast

01[14:46] <&Threei} ok, same setup is valid again

01[14:46] <&Threei} .85 break

01[14:46] <&Threei} If holds .75

01[14:47] <&Threei} change to .75 break

01[14:47] <&Threei} If holds .65

01[14:48] <&Threei} Invalidated

01[14:49] <&Threei} Long Setup: TNA .65 break

01[14:49] <&Threei} If holds .55

[14:50]

01[14:50] <&Threei} 1:1

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01[14:51] <&Threei} 1:2

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01[14:51] <&Threei} yw

[14:51]

01[14:52] <&Threei} GDX... why didn't I recalibrate it to .20 short

01[14:53] <&Threei} 1:3, out

01[14:53] <&Threei} a bit easier to breathe

[14:55]

[15:04]

[15:11]

[15:12]

01[15:12] <&Threei} worth a shot if holding .40

[15:13]

01[15:14] <&Threei} Long Setup: GLD .50 break hl

01[15:14] <&Threei} If holds .40

[15:15]

[15:19]

01[15:27] <&Threei} Short Setup: FCX .30 break

01[15:27] <&Threei} If holds .35

01[15:35] <&Threei} GLD valid again

01[15:35] <&Threei} same setup

01[15:37] <&Threei} 1:1

01[15:45] <&Threei} Long Setup: TZA .30 breal

01[15:45] <&Threei} If holds .20

[15:46]

01[15:46] <&Threei} wtg

01[15:46] <&Threei} nah

01[15:47] <&Threei} there is reason why people don't like mondays, eh

[15:47]

01[15:47] <&Threei} you too

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[15:48]

[15:49]

01[15:49] <&Threei} take care jd

01[15:49] <&Threei} well, activity was spread throughout the day

[15:49]

01[15:50] <&Threei} one trade I regret about not alerting though

01[15:50] <&Threei} TNA long at 49 break aroud 3:35

[15:51]

[15:52]

01[15:52] <&Threei} thank you all

01[15:52] <&Threei} have a good evening, see you tomorrowq

[15:53]

01[15:53] <&Threei} always

[15:58]

Monday, June 3, 2013

June 3 2013