Monday, July 22, 2013

June 22 2013

Very decent day with good percentage of wins, merely 1 stop, ending with nice juicy 1:3 on CAT. No complaints at all.

Session Time: Mon Jul 22 00:00:00 2013

[09:13] {dino} gm
01[09:13] {&Threei}  dino :)
[09:14] {+cc_9} Good morning folks.
01[09:14] {&Threei}  cc9 :)
[09:20] {ese} gm
01[09:20] {&Threei}  ese :)
[09:20] {ese} Played Butchart Gardens again on Sat Night vad......tons of people there...smokin hot on stage again....
01[09:21] {&Threei}  cool... remained to see fireworks this time?
[09:21] {bbobr} gm
01[09:21] {&Threei}  bbobr :)
[09:21] {cipher} gm
01[09:21] {&Threei}  cipher :)
[09:24] {thomcbell} wow gld
[09:24] {ese} no......i was soaking wet from playing had to go home have a shower or freeze to death watching the fireworks
01[09:25] {&Threei}  lol... people come from all over the world for that
01[09:25] {&Threei}  tbell, GDX gap in % terms is even larger
[09:26] {thomcbell} yup
01[09:30] {&Threei} Short Setup: GDX  .90 break
01[09:30] {&Threei}  If holds  27
[09:32] {Alexs} gm
01[09:32] {&Threei}  alex :)
[09:32] {Alexs} are you in trade?
01[09:32] {&Threei}  GDX short
[09:33] {Alexs} .90?
01[09:33] {&Threei}  yes
01[09:34] {&Threei}  1:1
01[09:39] {&Threei}  lose .80 now, should make 1:3
01[09:40] {&Threei}  US) Preview: Jun Existing Home Sales expected at 10:00 ET (14:00 GMT)- Consensus expectations: 5.25Me v 5.18M prior **Note prior was highest rate since Nov 2009)
[09:42] {+cc_9} Grabbing some MCD long 97.35
[09:43] {+cc_9} instant gratification
01[09:43] {&Threei} Short Setup: SLW  .60 break
01[09:43] {&Threei}  If holds  .65
[09:45] {dino} vsi hl l .00
01[09:51] {&Threei}  1:1
[09:51] {+cc_9} Out MCD 97.78
[09:51] {+cc_9} +$0.43
01[09:51] {&Threei}  wtg
[09:53] {robbers} Two good calls, thanks Vad.
01[09:53] {&Threei}  :)
01[10:00] {&Threei}  *(US) JUNE EXISTING HOME SALES: 5.08M V 5.25ME
01[10:02] {&Threei} Short Setup: CAT  .20 break hl
01[10:02] {&Threei}  If holds  .30
01[10:03] {&Threei}  Invalidated
01[10:06] {&Threei}  (IN) India Central Bank (RBI) plans to "rationalize" gold imports in any form, including gold coins - financial press- Note that India has been running a near record current account deficit mostly due to increased gold imports which are running twice the normal average ***Reminder: On June 25th, the India Central Bank (RBI) restricted loans against gold ETFs and gold mutual funds for regional rural banks. In mid July, India Fin Min Chidambaram said the government cannot fully ban gold imports but is appealing to moderate gold demand to people.
01[10:06] {&Threei}  huh? goldbugs everywhere claim it was DECREASED import by India that caused gold price drop
01[10:06] {&Threei}  man...
01[10:09] {&Threei} Short Setup: FCX  .85 break
01[10:09] {&Threei}  If holds  .95
01[10:16] {&Threei} Long Setup:  FCX  .95 break
01[10:16] {&Threei}  If holds  .90
01[10:20] {&Threei}  fade time looks like
01[10:20] {&Threei} Short Setup: CAT  .40 break hl
01[10:21] {&Threei} Short Setup: .45
01[10:21] {&Threei}  If holds  .45
01[10:21] {&Threei}  Invalidated
01[10:23] {&Threei}  valid again
01[10:23] {&Threei}  with stop above high
[10:26] {nemo} ebay looks short here
[10:28] {nemo} guess it could be two way, but I think .10 area should hold it
[10:28] {Alexs} cat stop is .50?
01[10:28] {&Threei}  yup
[10:31] {Alexs} touched 1:1
01[10:31] {&Threei}  ?
[10:31] {Alexs} .35
01[10:31] {&Threei}  oh, you mean from .45?
[10:32] {Alexs} yeah
[10:32] {nemo} ebay
[10:32] {nemo} look .00 bid
[10:37] {Alexs} fcx rinsed SoMG
01[10:38] {&Threei}  yup
[10:44] {dino} isis hl l .15
[10:57] {nemo} this market just continues up on inertia
[11:02] {nemo} 1st law of Thermodynamics
01[11:06] {&Threei} Long Setup:  TZA  .25 break
01[11:06] {&Threei}  If holds  .95
[11:07] {nemo} ?
01[11:08] {&Threei}  25
01[11:08] {&Threei}  can't be that difficut to deduce, can it?? :)
[11:08] {nemo} didn't look at the chart, just your levels
[11:09] {nemo} I don't have any weakness in the indexes yet, finnies closest
01[11:10] {&Threei}  Invalidated
01[11:10] {&Threei}  for now
[11:10] {ese} L isis .26
[11:11] {ese} ahhhhh.....just noticed that you were stalking isis dino
[11:11] {dino} things a dog
[11:11] {dino} woof
[11:12] {ese} hmmmm
[11:12] {ese} now ya tell me
[11:13] {dino} out isis .49, +.34
[11:14] {dino} thx for the big push up ese
[11:14] {ese} your welcome
[11:17] {nemo} my brain is numb....
[11:18] {nemo} not sure it's from watching this market, or too much pressure from sitting on it
[11:18] {ese} out isis .48 +.23
[11:22] {dino} pattern isis around 30.05-30.45
[11:32] {dino} pattern broken
01[11:39] {&Threei}  non-stop melt-up
01[11:39] {&Threei}  should come to some reversal soon though
[11:40] {dino} not finding anything
01[11:40] {&Threei}  not big but tradwable
01[11:46] {&Threei}  Equities Drift Higher in Light Volume Without Conviction
[11:49] {RonS} gm...been off getting daughter & family to airport
01[11:49] {&Threei}  hi Ron
01[11:49] {&Threei}  missed a few good ones
[11:49] {RonS} ...Eisenhower invaded Europe w/ less...
01[11:53] {&Threei}  lol
[11:58] {+cc_9} Still keeping an eye on MCD if crosses $98 later on for a mcscalp
01[11:59] {&Threei}  - Shares of McDonalds are down nearly 3% this morning after the fast-food titan missed both top- and bottom-line consensus expectations. Sales comps were unimpressive and the firm complained about flat to declining informal eating out markets, diminishing ability to raise menu prices, ongoing cost pressures and heightened competitive activity. The CEO warned that Based on recent sales trends, our results for the remainder of the year are expected to remain challenged."
[12:09] {dino} onxx
[12:10] {dino} sm s .89
[12:12] {dino} cov onxx.08, +.81
01[12:12] {&Threei}  wtg
[12:12] {dino} yt
[12:12] {dino} ty
[12:37] {ese} L fitb .23
[12:37] {ese} alot
[12:40] {dino} icpt drop
[12:40] {ese} nice climb for isis dino
[12:45] {dino} yeah, thought it was range bound
[12:49] {dino} mlnx drop/blood
[12:53] {dino} vsi nhl l .60
[12:55] {RonS} nhl = hockey stick play?
01[12:56] {&Threei}  lol
[12:57] {RonS} was serious...what is nhl?
[12:57] {nemo} new higher low?
[12:58] {dino} mlnx sm l .80
01[12:59] {&Threei}  Facebook Announces reaches milestone on feature phones; Facebook For Every Phone has 100M MAUs- there are now more than 100 million people using Facebook For Every Phone each month.
[13:03] {RonS} feeling so bad not part of that group.....not....
01[13:05] {&Threei}  well
01[13:06] {&Threei}  I don't even have a phone with these capabil,ities {G}
01[13:06] {&Threei}  have a tablet though... and not ashamed of it
[13:06] {nemo}
[13:08] {dino} mlnx stop -.30
01[13:20] {&Threei}  lol... look at time stamp and time of the SPY top:
01[13:20] {&Threei}  11:39] {&Threei} should come to some reversal soon though
01[13:21] {&Threei}  this is how guru stuff is made... catch lucky break like this, and post it everywhere as a proof of your supernatural abilities
01[13:32] {&Threei}  CAT breakdwon of .80 is "normal" setup
[13:32] {dino} usu
01[13:32] {&Threei}  let's look to fade it
01[13:32] {&Threei}  meanwhile, those who like collector cars might enjoy this:
[13:39] {dino} usu insane
01[13:43] {&Threei} Short Setup: CAT  .90 break
01[13:43] {&Threei}  If holds  .95
01[13:44] {&Threei}  since it chose reversal setup, let's try to fade that
01[13:44] {&Threei}  Invalidated
[13:47] {RonS} bummer, liked this guy...Dennis Farina dead at 69
[13:51] {thomcbell} oh no
[13:51] {thomcbell} he was terrific
[13:51] {nemo} could make argument for iwm or spy long here
[13:51] {dino} aegr sm l .00 gappy/wide
[14:07] {+cc_9} oups, i forgot i was still on here
[14:07] {+cc_9} GILD was making some pretty nice swings
[14:07] {+cc_9} Just got a trade there, hoping it dips back for another round
[14:16] {dino} mlnx sm l .70
[14:17] {dino} out mlnx .20, +.50
01[14:23] {&Threei}  13:51] {nemo} could make argument for iwm or spy long here {--- nemo's claim to gurudome
[14:23] {nemo} God we're bored
[14:24] {nemo} So George Zimmerman pulled a guy out of an overturned car
01[14:24] {&Threei}  I am not bored
[14:24] {nemo} o.k., what are u?
[14:25] {+cc_9} GILD, the gift that keeps on giving and also curing Aids
01[14:25] {&Threei}  I am having a lively argument with a few sheep who came with this complaint, something about me counting them wrong
[14:25] {nemo} sheep? you sure that's what they were complaining about?
01[14:26] {&Threei}  oh shut up
[14:26] {nemo} Les?
[14:28] {RonS} hehe
[14:29] {nemo} can always depend on you Ron
01[14:29] {&Threei}  as if it wasn't enough that they try to teavh me calculus...
[14:33] {+cc_9} GILD, another round
[14:35] {+cc_9} Another $0.20
[14:36] {+cc_9} Out GILD +$0.25
[14:44] {dino} gj
[14:58] {+cc_9} GILD even higher, frack!
[15:00] {dino} z spike
[15:04] {ese} I had forgotten how much of a snail fitb turned out to be after my hayday with it 5 years ago
01[15:07] {&Threei} Long Setup:  CAT  .60 break
01[15:07] {&Threei}  If holds  .55
[15:09] {+cc_9} Higher lows GILD, nice trend
01[15:10] {&Threei}  1:1
01[15:10] {&Threei}  finally I got CAT setup
[15:10] {dino} our aegr ave .46, +.46
[15:11] {ese} out fitb .34 +.10
[15:11] {dino} vsi to .87
[15:11] {ese} cya tomorrow
[15:11] {dino} out .88, +.28
[15:11] {dino} fl
01[15:11] {&Threei}  take care ese, good catch on FITB
[15:12] {+cc_9} Z loving the spike on that chart for a quick SS trade, but the spread is spookie
[15:12] {dino} well, slow day but finally hit goal
[15:12] {+cc_9} wtg dino
[15:12] {dino} hardest thing was sitting and waiting
[15:12] {dino} ty cc9
[15:13] {nemo} bull flags indexes
[15:13] {+cc_9} Damn, that woulda been a sweet SS on Z
[15:14] {+cc_9} but that spread can go as wide as $0.30+, spookie
01[15:16] {&Threei}  1:2
[15:17] {+cc_9} damn it !!!
[15:20] {RonS} even Adele would be jealous:  Recovered World War II shipwreck yields $36 million in silver |
[15:21] {Alexs} perfect call Vad!
[15:21] {RonS} ...meaning this is the real "rolling in the deep"
01[15:22] {&Threei}  1:3, out
01[15:22] {&Threei}  ty Alex
01[15:22] {&Threei}  patience IS a virtue
[15:23] {dino} gj
[15:25] {dino} calling it a day, thx all
01[15:27] {&Threei}  take care dino
[15:30] {Alexs} it deserves "catch of the day"
[15:31] {+cc_9} Z, that SS was $2.00 damn it!!!
01[15:46] {&Threei}  OK guys, no more trades, decent day as it is
01[15:46] {&Threei}  have a great evening, see you tomorrow