Session Time: Tue Jul 16 00:00:00 2013
[09:17] {dino} gm
01[09:17] {&Threei} morning dino
[09:19] {RonS} hi everyone
01[09:19] {&Threei} Ron :)
[09:23] {Alexs} gm
01[09:24] {&Threei} alex :)
[09:26] {cipher} gm
01[09:26] {&Threei} cipher :)
01[09:26] {&Threei} GS report helped financials and market
01[09:26] {&Threei} Fitch downgraded EFSF to AA+ from AAA
01[09:26] {&Threei} lol
[09:26] {bbobr} gm
01[09:26] {&Threei} bbobr
01[09:27] {&Threei} I find it highly ironic that entities created to save indebted states issue their own debt and themselves become subject to rating
[09:28] {ese} gm
01[09:30] {&Threei} ese :)
01[09:31] {&Threei} Long Setup: C 52 break
01[09:32] {&Threei} If holds .90
01[09:32] {&Threei} 1:1
[09:33] {+cc_9} Morning fellas, Vad
01[09:34] {&Threei} cc9 :)
[09:34] {ese} cc
[09:35] {ese} rats missed your c call
[09:35] {nemo} tsla puking
01[09:36] {&Threei} Short Setup: JPM 55 break
01[09:36] {&Threei} If holds .10
[09:37] {ese} Europe was basiciallt lower all round....gotta figure tha going to effect US mrkts
[09:37] {ese} basically
01[09:38] {&Threei} Invalidated
[09:38] {nemo} that should be the morning sell off
01[09:39] {&Threei} Long Setup: IWM .45 break
01[09:39] {&Threei} If holds .40
[09:39] {dino} eqm sm l .00
01[09:41] {&Threei} no go
[09:46] {dino} yy sm l .97 gappy sucker
[09:51] {+cc_9} QIHU dropping on BIDU's buyout of competitor, looking for a long trade on the break of $52.00
01[09:51] {&Threei} Long Setup: CAT .25 break hl
01[09:52] {&Threei} If holds .15
[09:53] {+cc_9} small long entry QIHU here
[09:54] {dino} out yy .27,
[09:54] {dino} +.30
[09:55] {+cc_9} QIHU so far so good, looking for $52.50+ tgt
01[09:56] {&Threei} held by fingertips
[09:58] {+cc_9} All out QIHU
[09:58] {+cc_9} yyyeeeeehaww
[09:59] {Alexs} nice call cc
01[09:59] {&Threei} wtg
[09:59] {+cc_9} ty :D
[10:00] {+cc_9} ugh, going higher lol
[10:02] {nemo} http://bit.ly/16Grefo
[10:02] {+cc_9} lol @ nemo
[10:02] {+cc_9} you sob
[10:02] {+cc_9} g1
[10:02] {nemo} important shit
01[10:04] {&Threei} frikin IWM
[10:04] {thomcbell} looking for xone long setup here
[10:04] {thomcbell} too wide
[10:04] {thomcbell} nice bounces on the others
[10:05] {dino} hsii hl l .03
[10:08] {ese} L tol .49 1/2
01[10:11] {&Threei} Long Setup: TZA .70 break
01[10:11] {&Threei} If holds .65
[10:12] {+cc_9} QIHU wowza!
[10:13] {nemo} watch 53.70 level
[10:13] {+cc_9} wana puke
[10:13] {ese} out tol .68 +.28
[10:14] {thomcbell} rats xone
[10:15] {dino} powi hl s .00
01[10:20] {&Threei} 1:1
01[10:21] {&Threei} anyone to identify setup? :)
01[10:21] {&Threei} hint: look at IWM up to 10:11
[10:21] {ese} L c .25
[10:22] {nemo} double top
01[10:23] {&Threei} nope
01[10:24] {&Threei} from open to 10:11
[10:26] {Alexs} fading c&h
01[10:26] {&Threei} A+!
[10:27] {nemo} it was also a triple top...tomato tomahto
01[10:28] {&Threei} sorry but you can't view C&H as triple top
01[10:28] {&Threei} one is continuation formation, another is reversal one
[10:29] {nemo} I see IWM opening high, fade, double bottom, attempt to make a high, fade, attempt to make a high drop
[10:35] {dino} i see dead people
01[10:36] {&Threei} so nemo, to put it all together... do you see C&H or not?
[10:36] {nemo} I see that too
[10:36] {dino} powi stop .13, =.13
01[10:36] {&Threei} oh good... so you just like killing innocent pixels
[10:36] {nemo} now it looks like IWM might be making the brass knuckles formation
[10:39] {nemo} vad.....
[10:40] {nemo} nobody is innocent
01[10:40] {&Threei} but... pixels...?
[10:40] {nemo} if you're in this world, it ain't for innocence...earth is a penitentiary for metaphysical crimes
[10:41] {nemo} When doing time on planet Earth...nobody gets out alive
[10:43] {dino} stmp hl l .97
[10:45] {dino} isis drop
[10:48] {ese} thats very star trek of you nemo
[10:50] {ese} you need to use the teleporter to beam yourselft over here for the next shiskabob party
[10:50] {RonS} wow...more like German philosophy ese...
[10:50] {nemo} actually I updated the language, it's Shamanistic beliefs actually
[10:50] {nemo} Nietsche was a perv
[10:51] {ese} lol
[10:51] {nemo} and don't get me started on Kierkegaard
[10:51] {RonS} eschew obfuscation...
[10:52] {ese} didn't he play goal for the Maple Leafs
[10:52] {RonS} lol
01[10:53] {&Threei} and espouse elucidation?
[10:53] {RonS} in the meantime Nemo been busy: A man is suing Apple for not preventing him from checking out porn on his laptop | http://buswk.co/1bFtf0Z
[10:53] {ese} or was that a rust guard commercial
[10:53] {nemo} I don't have a laptop
[10:54] {dino} new meaning to the word lap top
[10:54] {nemo} good one dino
[10:54] {ese} c stopped .10 =.15
[10:54] {ese} =.15
[10:54] {ese} -.15
[10:57] {ese} wow how stupid is that
01[10:57] {&Threei} 1:2
[10:57] {Alexs} TZA 1:2 meanwhile
01[10:57] {&Threei} :)
01[10:58] {&Threei} along the lines Ron invoked... "Eschew the ambiguity, embrace the clairvoyance"
01[10:58] {&Threei} I'll try to 1:4
[10:58] {ese} spy break down
01[10:59] {&Threei} 1:3
[10:59] {RonS} like that 3i...
[10:59] {RonS} ...what?...Snowden agrees to Russia’s demand that he stop anti-American activity | http://bloom.bg/18lpAqe
01[11:00] {&Threei} it's an easy one Ron:
[11:00] {ese} will miracles never cease
01[11:00] {&Threei} stop telling things to the whole world, we want to be the only ones who know
[11:01] {RonS} jeez...actually makes sense...
01[11:01] {&Threei} "newspeak"
01[11:01] {&Threei} you lived in USSRT, you had it down pat
[11:02] {Alexs} When asked about Snowden's future, Russia media quoted Putin as saying, "Such a present to us. Merry Christmas."
01[11:02] {&Threei} hehe
[11:03] {RonS} the thing I don't get is that if Prez was Nixon and this was Daniel Ellsberg this guy would be being celebrated as a champion of the people and freedom...lefties are the supreme hypocrites...
[11:05] {thomcbell} small long xone 58.85
[11:05] {dino} i think you do get it ron, lefties=hypocrits
[11:06] {+cc_9} going long SSO on this SPY drop, small first scale
[11:06] {+cc_9} will add the 167.53 range (gap)
01[11:10] {&Threei} now that TZA is trying for my 1:4, I feel compelled to share this nugget of wisdom in hope it makes your life-defining decisions a bit more efficient:
01[11:10] {&Threei} I know life is uncertain, so I eat desert first.
[11:10] {ese} profound
01[11:10] {&Threei} isn't it
[11:15] {nemo} sso looks possible here spy at yesterday's pivot
[11:16] {dino} isis hl l .50
[11:16] {+cc_9} will sit tight on position for either a bigger flush or reversal
[11:16] {+cc_9} tgt looking for 167.80
01[11:17] {&Threei} 1:4, out
[11:17] {RonS} xone sm l .60
[11:18] {RonS} isis sm l .50
[11:21] {+cc_9} that 167.53 held for now
[11:21] {nemo} yesterday's pivot
[11:21] {+cc_9} reversal confirmation is 167.71 bid
[11:21] {+cc_9} nemo, correct
[11:21] {nemo} jeez thanks
[11:21] {nemo} made my frickin' day
[11:21] {robbers} Out TZA, thanks.
[11:21] {nemo} I can die in peace
[11:21] {+cc_9} np, idk how to give troutes, so i can't give you much
[11:22] {+cc_9} *give troute*
[11:22] {+cc_9} nope
[11:22] {nemo} don't know how to spell it either
[11:22] {nemo} nice try though
[11:22] {nemo} Vad needs to spice it up...add other species
[11:22] {nemo} brown, speckled, rainbow, lake
06[11:24] * nemo violates cc_9 with a stuffed striped bass
06[11:24] * &Threei slaps nemo around a bit with a large frpzen brown speckled rainbow lake trout
[11:24] {nemo} ahhh, Vad....
[11:24] {nemo} that would be a Frankentrout
01[11:25] {&Threei} http://goo.gl/DpXMY
[11:28] {+cc_9} big vol spike SPY 1min
[11:30] {ese} HCA one of the few holding it's value with this carnage going on
[11:31] {RonS} dji -38 = carnage...
[11:31] {thomcbell} out with small gain xone
[11:32] {ese} ok......maybe not quite the right term but......
[11:36] {thomcbell} small long xone 58
[11:36] {dino} lot of stocks down 3-5 bucks, pretty good hits
[11:41] {thomcbell} making sales in xone 58.50 and above
[11:42] {+cc_9} avg on SPY 167.55
[11:42] {+cc_9} not looking like a fast and furious day, slow grind down for now only
[11:47] {+cc_9} looking ugly now
[11:47] {nemo} webcam?
[11:47] {nemo} mirror?
01[11:48] {&Threei} sheesh, TZA isn't done yet
[11:52] {dino} soda drop
[12:01] {dino} onxx spike
[12:02] {+cc_9} SPY looking for a 167.45 bid for breakout and 167.30 support for higher lows
[12:02] {+cc_9} break below 167.30 = low test
[12:02] {+cc_9} at midpoint now
[12:07] {+cc_9} .45s on deck
[12:08] {+cc_9} tgt still 167.80 for now
[12:12] {+cc_9} see if we get a .50 print now
[12:14] {+cc_9} sideways for 10mins SPY, needs a push here or we reverse back lower, volume xtra dry
[12:19] {+cc_9} So far so good
[12:19] {+cc_9} time to clear .50s
[12:19] {+cc_9} and VXX under .30
01[12:23] {&Threei} - Chairman Bernanke is slated to speak before the House Financial Services Committee on Wednesday in his semi-annual monetary policy report. After reiterating last week that rates would stay low for a long time, analysts suspect Bernanke may address some of the more hawkish language heard in the FOMC statement that preceded his speech.
[12:24] {nemo} I want to know who he's got buying up futures in the overnightsessions
[12:24] {dino} out isis .94, +.44
[12:28] {ese} L c .69
[12:28] {+cc_9} here we go SPY
[12:30] {+cc_9} 167.53/4 current wall
[12:34] {+cc_9} need a full break .55 or we fizzle back .45 *yawn*
[12:37] {+cc_9} uptick on VXX, no bueno
[12:55] {+cc_9} another slow drift, here is the funny part
[12:55] {+cc_9} 11:42 cc_9 avg on SPY 167.55
[12:55] {+cc_9} it went to exactly .55 then went lower lol
[13:01] {+cc_9} its one of those 'someone knew my avg was there'
[13:09] {nemo} yeah, I told them to sell the bejeezus out of .55 to screw with ya'
[13:10] {+cc_9} approaching danger zone 167.20
[13:10] {nemo} need a Will Robinson quote
[13:10] {+cc_9} stop eater algo initiated
[13:31] {nemo} things look bouncy here
[13:32] {ese} Spyder double bottom
[13:32] {dino} anik l .07
[13:33] {nemo} tsla's internet days are over...so much for eyeballs
[13:34] {+cc_9} another merry go round : SPY
[13:34] {nemo} well, spy hit S3 IWM hit MR2 and finnies hit S2
[13:34] {nemo} kinda' all at the same time
[13:35] {+cc_9} plenty time on the clock, lets see how she goes
[13:35] {+cc_9} still thinking 167.80 doable, would mark a negative close on the market, but a bounce from here nonetheless
[13:35] {+cc_9} S&P up 11 days in a row, only normal to get a breather
[13:36] {nemo} try not to use words with "Les" in it
[13:37] {+cc_9} u wat m8 ?
[13:38] {dino} gs sm l .27
[13:38] {nemo} "m8"?
[13:38] {dino} whatever happened to les? not here anymore?
[13:39] {+cc_9} m8 = mate
[13:39] {nemo} month off to work...he's doing security at the Montreaux jazz festival....he writes about it all the time in facebook...not like when I was bouncing, anyway...sophisticated customer service shit
[13:39] {+cc_9} major bounce here wow
[13:39] {nemo} where are you "9"?
[13:41] {+cc_9} in the intrawebs
[13:41] {nemo} you in oz?
[13:41] {+cc_9} n0t in oz m8
[13:41] {+cc_9} u 'avin a giggle m8 ?
[13:42] {nemo} islander?
[13:42] {+cc_9} i swer i rek u m8, i swer on me mum m8
[13:42] {nemo} oh shit...frickin' pom
[13:45] {+cc_9} ok SPy, you can take a mini break, then need to push 167.45
[13:45] {+cc_9} a little bear trap for EOD, because why not
[13:46] {nemo} me thinks they won't want to scare anybody with anything drastic today
[13:46] {+cc_9} SPY volume spike
[13:46] {+cc_9} anyone else see that, or just my eyes
[13:46] {+cc_9} give or take 1.6M
[13:46] {nemo} yep
[13:46] {+cc_9} volume spike served with a side of fat finger
[13:46] {nemo} so if it drops this level we go down, otherwise pushes to vwap
01[13:46] {&Threei} that's not an actual trade
01[13:46] {&Threei} look at the price
[13:47] {+cc_9} i saw
01[13:47] {&Threei} way beyond bounds
[13:47] {+cc_9} the top of wick did not match actual pps
[13:47] {nemo} could be dark pool
01[13:47] {&Threei} that so-called "transaction closing print"
[13:47] {+cc_9} me thinks its a swap trade
01[13:47] {&Threei} mechanism of such print:
[13:47] {+cc_9} or what Vad said, also known as settlement trades
[13:48] {nemo} did that hurt 9?
[13:48] {+cc_9} all lots that were not accounted for, get accounted in 1 print
[13:48] {+cc_9} call it "imbalance"
01[13:48] {&Threei} broker fills big client's order, say 100K shares,
01[13:48] {&Threei} at sdiff prices in pieces
01[13:48] {&Threei} he buys them to his own account until he has all 100K,
01[13:48] {&Threei} then he transfers them to client's account in one swoop
01[13:49] {&Threei} and you see it as 100K p[rint at the price they agreed on
[13:49] {+cc_9} yup, swap
[13:49] {dino} why does anybody use a broker anymore?
[13:49] {+cc_9} usually they wait to print them during after hours
01[13:49] {&Threei} it makes broker flat, cliwent gets his 100K, difference between agreed price and prices broker filled those pieces is his reward
01[13:50] {&Threei} why not dino
01[13:50] {&Threei} imagine you are a big institution
01[13:50] {&Threei} you can hire your own traders and get direct access
01[13:51] {&Threei} or you can have a broker to giveorders to
01[13:51] {&Threei} first option makes you hire them, train them etc
01[13:51] {&Threei} second is care-free
01[13:51] {&Threei} some prefer to be in control, some don't want the hassle
01[13:52] {&Threei} or if you are a wesalthy individual
[13:52] {+cc_9} to be fair, if you want large blocks to not show on the open market
[13:52] {+cc_9} you would simply use a dark pool
01[13:52] {&Threei} with large account managed by, say, GS
[13:52] {+cc_9} but of course, liquidity there is not the same as the open market
[13:52] {+cc_9} but brokers that allow for dark pools can find cross-matches for clients
01[13:53] {&Threei} that's the beauty of using a good broker - they will go to open matket or dark pools or both, depending on what you want to accimplish
[13:53] {+cc_9} for GS its called Sigma-X GSET
01[13:53] {&Threei} for an institution that is simply not trained well in those mechanics it's an overwhelming task
[13:53] {dino} guess i am thinking too small
01[13:53] {&Threei} for us, it's not an issue of course :)
01[13:54] {&Threei} but when you deal in hundred thousands and millions shares, it's a very different game
[13:54] {+cc_9} i find it funny when a client with say $10k asks us for dark pool access, of course we can offer, but...you really don't need it, because lets face it, you won;t need access to millions in a block that you prefer not to move the market on the L2
[13:54] {+cc_9} Vad, you got it.
01[13:55] {&Threei} people have very vague idea about these things, cc9... :)
01[13:55] {&Threei} I had exchanges where I couldn't believe my eyes seeing what people think
01[13:55] {&Threei} one of the funniest ones:
[13:55] {+cc_9} I read on stocktwits one day, this "guru" was telling people that the trades he was seeing on the T&S were dark pools
[13:55] {+cc_9} im like 'if its a dark pool trade, how the EF can you see it ?" lol
01[13:56] {&Threei} idio... ummm, not fully aware person tries to advance an idea that market manipulators buy at a very hig price in open market tp p[ain the tape.
01[13:56] {&Threei} I say, you can't do that, just physically can't.
01[13:57] {&Threei} He says, why, I enter a limit buy at $100 while stock trades at 10, print at 100 appears and createds an impression of an uptick
[13:57] {+cc_9} that not only does not make sense, nor is it fiscally sound
01[13:57] {&Threei} I say, no, you will get a fill at 10
[13:57] {+cc_9} its usually the same idiot that buys the HOD
01[13:58] {&Threei} he didn't believe me, so I offered him a live expertiment:
[13:58] {+cc_9} in any case, come on algo longs, buy some SPY for a follow-through bounce :D
[13:58] {+cc_9} with his money i hope
01[13:58] {&Threei} pick a stock at 10, enter a buy at 100, and if you get a fill at 100, I personally will reimburse you for the difference,
01[13:58] {&Threei} but if you get a fill at 10, I want that difference
01[13:59] {&Threei} what do you know, never heard from him again
[13:59] {+cc_9} ok, brb, time to unload
01[13:59] {&Threei} tmi
[13:59] {nemo} yeah, wow
[14:00] {dino} yuk
[14:03] {+cc_9} if you guys want take Vad on that bet, let me know
[14:03] {+cc_9} so i can set a limit buy @ $100
[14:03] {+cc_9} so scoop them up
[14:03] {+cc_9} LOL jk, i won't.
[14:03] {dino} lol
[14:03] {ese} oh!!!!!!! my!!!!!!!! god!!!!!!!! this is driving me nuts
[14:03] {+cc_9} i have 20k shares for sale SSO
[14:03] {+cc_9} .65
[14:03] {+cc_9} *yawn*
[14:05] {+cc_9} just need 167.50 SPy and im all out
[14:05] {+cc_9} somehow, it feels impossible @ $0.04 away
[14:05] {ese} oh ya!!! oh ya!!!well i'm up 12 bucks fella with C...so there
[14:06] {+cc_9} come on...print .50 already, can't just get stuck first at my avg and second time at my sell price
[14:06] {+cc_9} otherwise, i call conspiracy
[14:06] {+cc_9} we have a mole here
[14:07] {ese} EMDE 006......licensed to squeal......
[14:07] {nemo} caught a mole yesterday
[14:08] {ese} vad does not have mice at his house I've been there I tell you there's nothing there
[14:11] {nemo} you mean .006?
[14:11] {+cc_9} are we seriously still stuck on the SPY
[14:11] {+cc_9} lol nvm
[14:12] {ese} .000006
[14:13] {dino} out gs .08, +.81
[14:14] {+cc_9} ok guys
[14:14] {+cc_9} all out
01[14:15] {&Threei} Short Setup: GDX .30 break
01[14:15] {&Threei} If holds .35
01[14:16] {&Threei} oh, I lso loved this peice of illiteracy:
01[14:16] {&Threei} print far out of market is market makers signalling each pther where they will be moving the price
[14:16] {ese} out C .80 friggin .06 +.17
[14:16] {+cc_9} Ok guys, here is summary for my trades (I trade on 4 accounts, i sent signals on one and it matches on the others) }}} http://img546.imageshack.us/img546/2281/v1ms.jpg
[14:17] {+cc_9} made peanuts on SSO, but ill take those peanuts and run.
[14:20] {Alexs} move GDX to .35?
01[14:20] {&Threei} ?
[14:20] {+cc_9} calling it a day here.
[14:20] {ese} cya cc
[14:21] {Alexs} if it cross .35
01[14:21] {&Threei} just invalidated for now
[14:22] {Alexs} ok
[14:23] {+cc_9} no i mean
[14:23] {+cc_9} im staying here, don't try to get rid of me already
[14:23] {+cc_9} just done trading lol
[14:23] {+cc_9} i needed SPY pop, got it, sold it. Done
[14:24] {+cc_9} QIHU + KO + SSO were my tickets today
[14:24] {+cc_9} KO was a beautiful channel to trade off pre-market lows
[14:24] {+cc_9} QIHU was drop reversal, SSO was well...the usual.
[14:25] {dino} anik stop -.20
[14:30] {ese} L tol .00
[14:31] {ese} bastard put a limit buy at .00 but i didn't mean fill it there..........sheesh....couple of cents cheaper would have been good
[14:31] {ese} ok ok.......i'm loosin it....I get that
[14:32] {dino} mgi drop
[14:32] {dino} hl l .73
[14:33] {ese} for a second there I thought I saw mig drop..................Russian jet
[14:42] {dino} mgi out, ouch
01[15:00] {&Threei} Long Setup: C .80 break
01[15:00] {&Threei} If holds .75
01[15:02] {&Threei} Invalidated
[15:14] {+cc_9} ok folks, have a great close!
01[15:25] {&Threei} Short Setup: GLD .75 break
01[15:25] {&Threei} If holds .80
01[15:28] {&Threei} Invalidated
01[15:33] {&Threei} Short Setup: GLD .80 break
01[15:33] {&Threei} If holds .85
01[15:38] {&Threei} valid still
[15:41] {ese} out tol. .02 +.02 damn thing took a tol on me thats for sure
[15:43] {dino} gimo hl l ave .25
01[15:44] {&Threei} Invalidated
01[15:44] {&Threei} 4 trades that don't want to set up
01[15:44] {&Threei} I guess someone up there is telling us sdomething
[15:44] {ese} you gonna hold that overnight dino
[15:45] {dino} no
[15:45] {dino} lod break is stop
[15:47] {dino} stopped
[15:48] {dino} should have stayed on vacation, struggling yesterday and today
[15:49] {ese} me as well
[15:49] {ese} you'd think this stupid market would bend to our wills.....but no......it's gotta do it's own thing
[15:49] {dino} going to sit back and slow down tomorrow....too many trades today
[15:50] {dino} gimo rinsed to my .5 stop
[15:50] {dino} .05
[15:50] {dino} wtf
[15:51] {ese} traded 13100 shs of various things today and have a couple of hundred bucks to show for it
[15:51] {ese} i'd like to second tha wtf
[15:51] {dino} about 8000 shares here and negative
01[15:51] {&Threei} OK guys, thank you all
[15:51] {ese} cya vad
01[15:52] {&Threei} have a good evening, see you tomorrow
[15:52] {dino} take care vad
[15:52] {ese} no wait!.......i wanna go long huge here
[15:52] {ese} wha da ya think?
[15:52] {dino} look gimo, ugh
[15:52] {ese} lol
[15:53] {ese} right at the last flippin second eh
[15:53] {ese} minute
[15:53] {ese} almost
[15:53] {dino} yes, hits my stop and jumps
[15:54] {ese} been there
[15:54] {dino} had 4 rinses yesterday
[15:54] {ese} too many times
[15:54] {dino} time to adjust system
[15:55] {ese} ya...am gonna have to look at mine....cya tomorrow buddy
[15:55] {dino} take care
[15:55] {dino} out of here too
