Thursday, July 25, 2013

July 25 2013

Open Break is not a very frequent setup for us, and is usually on a more risky side, but can be very effective

Another trade followed fairly soon:

With cool FB long and finishing touch on C (almost 1:3), very good day.

Session Time: Thu Jul 25 00:00:00 2013
[09:15] {RonS} hi everyone
01[09:15] {&Threei}  morning Ron
[09:15] {dino} gm
01[09:16] {&Threei}  dino :)
01[09:16] {&Threei}  let's take poll, at which min of trading day cc9 will start shorting FB
[09:16] {nemo} pre-market
01[09:16] {&Threei}  lol
01[09:16] {&Threei}  +31%
[09:16] {nemo} look bidu
01[09:17] {&Threei}  merely 17%... yawn
[09:19] {cipher} gm
[09:19] {nemo} funny comment:  I hope Panera shits the bread!
01[09:19] {&Threei}  cipher :)
[09:20] {nemo} mmmhhh....ok...fine...where's that C4?
[09:20] {bbobr} gm
01[09:20] {&Threei}  bbobr :)
[09:26] {Alexs} gm
01[09:27] {&Threei}  alex :)
01[09:30] {&Threei} Long Setup:  GDX  .80 break
01[09:30] {&Threei}  If holds  .75
[09:34] {dino} wdc hl l .35
[09:34] {ese} gm
01[09:34] {&Threei}  ese :)
01[09:35] {&Threei} Short Setup: C  .80 break
01[09:35] {&Threei}  If holds  .90
01[09:35] {&Threei}  1:1
[09:36] {dino} out wdc .98, +.63
01[09:36] {&Threei}  wtg
01[09:36] {&Threei}  ese, have you heard? Facebook membership is mandatory starting Aug 1
01[09:36] {&Threei}  1:2
01[09:36] {&Threei}  1:3
01[09:37] {&Threei}  out in full ..45
01[09:37] {&Threei}  +.34
[09:39] {dino} icxlr a bit wide
[09:39] {dino} iclr
[09:40] {ese} lol
[09:40] {ese} i will cut my throat first
01[09:42] {&Threei}  well, why else do you think the stock gaps up 40% :)
[09:43] {ese} that sure is interesting
01[09:45] {&Threei}  30%, sorry
01[09:49] {&Threei} Long Setup:  FB  .50 break sm sh
01[09:49] {&Threei}  If holds  .30
[09:49] {dino} dhi sm l .75
01[09:50] {&Threei}  change trigger to .45 break
[09:53] {Alexs} sm sh = 300?
01[09:55] {&Threei}  depends on one's risk tolerance but overall, yeah, about that
[09:55] {Alexs} k
[09:55] {nemo} ese does 20X that for a small lot
01[09:55] {&Threei}  on miserable days
[09:55] {ese} L yndx .00
[09:55] {nemo} yeah...
01[09:55] {&Threei}  before breakfast
[09:56] {Alexs} :)
[09:56] {nemo} ese "Tudor Jones"
01[09:56] {&Threei}  .45 shapes up as perfect resistanse to break
01[09:56] {&Threei}  Invalidated
01[09:56] {&Threei}  for now
[09:56] {nemo} you spelled it wrong
01[09:58] {&Threei}  I spelled something?
01[09:58] {&Threei}  usually I spell nothing
[09:59] {nemo} eqzaktly
01[09:59] {&Threei}  I hit random buttons
01[09:59] {&Threei}  that they combine in words amazes me
[09:59] {nemo} fb traded 138 mil shares so
01[10:00] {&Threei} Short Setup: GDX  .45 break
01[10:01] {&Threei}  If holds  .50
[10:02] {nemo} LVS likely going to 53
01[10:03] {&Threei}  FB is on again
[10:04] {nemo} yeah LVS gonna' be a short, whether when it drops .60 or goes back to the 54 area first
01[10:06] {&Threei}  ok FB
01[10:06] {&Threei}  squeeze
01[10:06] {&Threei}  target 1:3
01[10:08] {&Threei}  meh
[10:15] {ese} vad ...if you've got a sec take a look at yndx for me......let me know what you think does it have the strength to break .00
[10:15] {ese} ascending triangle...higher lows
01[10:16] {&Threei}  hate the spread...
[10:16] {ese} ya
01[10:16] {&Threei}  and this slow pace of prints
01[10:16] {&Threei}  chart is right, but this trading by appointment can be very treacherous
[10:17] {ese} tks ......
[10:19] {ese} am sm on it....3/4 lot
[10:20] {ese} if it breaks through .00 i might add some more
[10:28] {dino} silc l .47
[10:32] {nemo} forgot LVS anyway
[10:32] {nemo} look
[10:33] {nemo} setting up likely to go to 53ish today
[10:38] {ese} L yndx avg .97
[10:39] {nemo} TDC vad, looks short
[10:40] {nemo} this high was the 200 sma
01[10:43] {&Threei}  spread...
[10:43] {nemo} details
01[10:44] {&Threei} Short Setup: GDX  .20 break
01[10:44] {&Threei}  If holds  .25
01[10:56] {&Threei} Short Setup: QCOM  .90 break
01[10:56] {&Threei}  If holds  .95
01[10:56] {&Threei}  1:1
01[10:57] {&Threei}  1:2
01[11:00] {&Threei}  1:3, over and out
01[11:04] {&Threei}  1:5... sheesh
01[11:05] {&Threei}  TDC worked nicely
01[11:06] {&Threei}  am I the only one awake?
01[11:06] {&Threei}  'cause I'd better go back to sleep if so
[11:06] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[11:20] {ese} vad......does the fact that yndx is a Russian company bode well for it in terms of not following the american certainly isn't folllowing it that normal for over seas companies
01[11:21] {&Threei}  I don't think there is any pattern in this
01[11:21] {&Threei}  if people want to buy stocks, they buy them
01[11:21] {&Threei}  lack of desire to buy it can be caused by zillion reasons,
01[11:22] {&Threei}  but being a foreign stock by itself is not a factor
01[11:22] {&Threei}  it becomes a factor if market doesn't think that particular country has good perspectives,
[11:23] {ese} ok
01[11:23] {&Threei}  but it's no different than attitude toward particular sector or industry
[11:24] {ese} tks....was just a thought
[11:28] {ese} slow death with the spyders
06[11:54] * dino slaps ese around a bit with a large trout
06[11:55] * nemo slaps ese around with a large Zildjian crash
[11:57] {ese} you guys are slow on the uptake.......posted those comments 20 min ago....sheesh
[11:57] {nemo} no...i was just bored
[11:57] {dino} was away for awhile
01[11:57] {&Threei}  it's not so much about reaction speed as it is about intervals between wakeup periods
[11:57] {ese} lol..... Count me in there

[11:59] {RonS} sheesh...just when I think a new low not possible...
[12:00] {nemo} oh please...your memory has faded
[12:00] {ese} Are you talking about the market or the way they're treating me?
[12:00] {RonS} nemo
[12:01] {RonS} his comments...
[12:01] {ese} Yeah no kidding eh
[12:01] {nemo} I'm a frickin' pillar of the community
[12:01] {nemo} or is that pillager?
[12:02] {nemo} didn't know I was French, did ya'?
01[12:03] {&Threei}  no, we thought we got to the bottom of your shortcomings
01[12:03] {&Threei}  but you continue surprizing {G}
[12:04] {nemo} hey!  I'm sensitive about my height...or lack thereof!
01[12:04] {&Threei}  really? great, found the spot to hit
[12:04] {nemo} yeah, I give a rat's ass
[12:07] {nemo} might as well clean one of my rifles
[12:08] {RonS} usg getting gyped...
[12:08] {nemo} wow, that was sophisticated
[12:10] {ese} lol
[12:11] {RonS} bet ese didn't get it...:)
[12:11] {dino} ron ty usg, took .20 out of it
[12:11] {RonS} np
[12:12] {nemo} true, now let's say Ludwig drums were traded publicly and they were getting killed today, and you said something like, "Wow, Ludwig is really getting skinned!"  Ese would get it
[12:12] {nemo} Wow, are we bored...
[12:13] {dino} or tol is getting hammered
[12:13] {nemo} nah, for ese, that might be a stretch
[12:13] {dino} lol
[12:13] {dino} how about ung stinks
[12:14] {nemo} having said that, did you know the smell is added artificially?
[12:14] {dino} yes
[12:14] {dino} but mine is natural
[12:14] {nemo} we'll go with it though
[12:14] {nemo} well, yours is methane
[12:15] {nemo} BIDU looking short here
[12:16] {RonS} lol, "yours is methane"...
[12:17] {nemo} They'll probably use the contents of this blog over the years as evidence in my involuntary commitment hearing
[12:21] {RonS} gyp means to cheat which came about as an association to gypsie who's history is one rife w/ liars, cheats, con artists and thieves...
[12:21] {nemo} wow, this run came out of nowhere
[12:21] {nemo} Romany
[12:32] {ese} EHHHH!!!!!!!!!!! I represent those remarks eh!
[12:33] {nemo} yes, quite well
01[12:36] {&Threei} Long Setup:  FB  .50 break sm sh
01[12:36] {&Threei}  If holds  .35
01[12:36] {&Threei}  I really want to participate in the squeeze that just has to come
01[12:45] {&Threei}  1:1
[12:47] {+cc_9} Late start, good afternoon everyone
01[12:47] {&Threei}  hey 9
01[13:01] {&Threei}  (US) Former dissident ECB member Stark believes ECB will likely have to activate bond program - Handelsblatt interview- Stark expects France to apply significant pressure on ECB to purchase French govt bonds, even if the country does not apply for a bailout. - Stark says a durable conclusion to the Euro Zone debt crisis is still not in sight. **NOTE: Stark resigned in 2011 over his disagreement with the ECB's original bond purchase program
01[13:06] {&Threei}  come on FB
01[13:07] {&Threei}  the day is nicely profitable as it is but I want this squeeze... they are highly satisfactory
01[13:17] {&Threei}  1:2
01[13:18] {&Threei}  good boy
01[13:24] {&Threei}  out last piece on a trail
01[13:30] {&Threei}  I'll be back in an hour or so for the close
[14:00] {RonS} Z squeeze
[14:03] {RonS} gluu unstuck
[14:17] {RonS} dino, hog...
[14:24] {dino} pig
[14:24] {dino} :)
[14:27] {dino} icpt drop
01[14:41] {&Threei} Long Setup:  C  .30 break
01[14:41] {&Threei}  If holds  .25
[14:46] {Alexs} still valid?
01[14:48] {&Threei}  yes
[14:48] {ese} saaaaaaaazzzzzzzzzzzzzzzzzzzzzzz gork.....smif.......gargle......gajip.......zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz ahem..........zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:48] {dino} tough to stay awakre
[14:48] {dino} awake too
[14:52] {nemo} IWM strength...bull market
01[14:52] {&Threei}  President Obama speaks about the economy after touring the Port of Jacksonville
01[14:53] {&Threei}  yeah, we go it - stop with phony scandals and create more phony money to create phony jobs
[15:06] {nemo} if you like trading bidu, look for short between 126-126.40ish
[15:07] {nemo} well, looks like it was
01[15:08] {&Threei}  half out .38
01[15:11] {&Threei}  stop .29
01[15:21] {&Threei}  1/4 more out
01[15:21] {&Threei}  .46
01[15:21] {&Threei}  stop to .34
[15:21] {nemo} wow facebook keeps going
01[15:21] {&Threei}  told you, squeeze material
[15:22] {nemo} it came back to vwap, and then took off
01[15:22] {&Threei}  no one ever believes such huge gaps can hold
01[15:23] {&Threei}  so every church mouth and its brother short it
01[15:23] {&Threei}  mouse
01[15:23] {&Threei}  so it lures them in by pullback, then shoots up
01[15:24] {&Threei}  (US) WSJ's Hilsenrath: Fed likely to keep $85B/month asset purchase program on track at the next FOMC meeting on July 30-31st; May look to revise "forward guidance", or Fed intentions over the next few years - financial press- According to Hilsenrath, some of the Fed officials suggested it would be too soon to raise short-terrm rates even after joblessness drops below 6.5%. - Among the new policy options, Fed may match its upper bound for inflation with a new lower bound. Article suggests the Fed could consider setting lower bound for inflation, such as 1.5%, and say that short term rates won't rise if inflation falls below that threshold.
01[15:26] {&Threei}  Euro vs US Dollar Rises to session highs above $1.3270; Highest levels since June 19th
01[15:26] {&Threei}  how exciting
01[15:26] {&Threei}  june 19, just think
[15:26] {Alexs} lol
[15:27] {dino} out silc .23 +.75
01[15:31] {&Threei}  out in full .56
01[15:31] {&Threei}  don't know about you lot but I am happy with today's trading
[15:31] {Alexs} nice day Vad Thank you
01[15:31] {&Threei}  yw Alex, glad to see another happy soul
[15:32] {Alexs} :)
[15:33] {dino}  slow but profittable
01[15:33] {&Threei}  slow yes, but a bit faster than most days over last week or two
01[15:33] {&Threei}  trades developed faster
01[15:33] {&Threei}  didn't have to babysit them for hours
[15:36] {nemo} frickin' raining cats and dogs....oh...squirrels
01[15:36] {&Threei}  no deer?
[15:36] {nemo} that's Xmas
01[15:37] {&Threei}  come to victoria'
01[15:37] {&Threei}  we are about to have a cull
01[15:38] {&Threei}  my suggestion to restore deer/people ratio by culling those who don't know the duifference between they's/there/their wasn't taken into consideration
01[15:38] {&Threei}  although I still think it makes more sense
01[15:44] {&Threei}  ok, no more trades
01[15:44] {&Threei}  thank you, have a good evening, see you tomorrow
[15:44] {dino} cya
[15:44] {Alexs} take care
[15:45] {dino} mlnx drop