Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Summer market sees mixed data, awaits Syria strike

Thin, low volume summer markets got pushed around as investors rushed to reduce risk early on this week, and everyone awaited a US decision on whether to conduct a military strike against Syria. By midweek stock markets were down modestly, leaving the S&P about 5% off of its all-time highs. Oil prices spiked higher, weighing on sentiment; by Wednesday Oct WTI crude shot above $112 reaching levels not seen in more than 2 years. Gold prices also caught a bid sending prices above $1,430 for the first time since May as flight to safety bids returned. US Treasury markets rallied sending the 10-year yield back down towards 2.70% before rebounding. By Friday EUR/USD was trading just below its 1.32-1.34 August trading range as Syrian war fears strengthened the dollar over the week. For the week, the S&P500 and Nasdaq each fell 1.9%, while the DJIA dropped for the fourth straight week, losing 1.4%, for its longest losing streak since last November.

Early last week, reports began to emerge from Damascus that the Syrian regime had used chemical weapons against rebel-held neighborhoods in the capital and killed hundreds of its own citizens. As evidence mounted, it became clear that Assad has crossed the 'red line' defined by President Obama for the western powers to take action against the Syrian government. Even as China and Russia blocked serious discussion of the issue at the UN, the US and its allies said there would be 'serious repercussions' in response to the attack in the form of military action. The march towards military intervention hit a snag after a non-binding motion on Syria military action failed in the UK House of Commons, deflating the political will of America' s staunchest ally. Friday afternoon, US Secretary of State Kerry forcefully stated that "we know" the Assad regime used chemical weapons on civilians, and that the UN report will not add any new information, making it fairly clear that the US will go ahead with a limited unilateral military strike within days. The window for action seems to be set for some time after UN inspectors leave Syria on Saturday and before the President travels to the G20 in Russia early next week (where he may receive a chilly reception).

- US data was mixed again this week. Orders for durable goods dropped 7.3% in July, nearly twice the expected amount, and the first decline since March and the biggest falloff since August 2012. The key capital goods orders component fell 3.3%, versus expectations for a slight gain. The data is a blow for third quarter GDP and multiple analysts reduced their estimates for Q3 GDP after the data. The August consumer confidence index gained over the July result and topped expectations, however the present situation component fell from 73.7 to 70.7, its biggest drop since January. The June S&P/Case Shiller home price index was up very incrementally from May levels.

- A second look at US Q2 GDP revealed the economy grew at a stronger clip than first thought and above consensus estimates. The positive news was somewhat offset by the fact that the biggest surprise was in the inventory component, which was revised up a little rather than down as forecast, which could potentially weigh on Q3 growth prospects. Exports and spending on business structures showed substantial growth which some suggested continue to paint an overall positive economic picture that is consistent with the Fed beginning to pull back its asset purchases next month.

- Emerging markets currencies continued to struggle against capital outflows in anticipation of Fed tapering and on politically driven safe-haven flows. The Indian Rupee (INR) hits new fresh record lows against USD through the early part of the week. The USD/INR pair moved toward the 69 handle with the Rupee weakening on speculation that higher oil prices might increase the country's oil import bill. Other dealers noted the recent food security bill legislation that is intended to "wipe out" endemic hunger and malnutrition in the country at a budgeted annual cost of around $18B as another reason for the weakness. For the month of August, the rupee slumped 8.1%, its worst performance since 1992. The Turkish Lira currency (TRY) also hit new fresh record lows against USD, moving above the 2.0700 level at one point. Later in the week, emerging market countries took various domestic measures to stabilize their currencies. The India Central Bank RBI introduced a Forex swap window to meet USD requirements of three state oil-marketing companies that was seen reducing daily demand from the spot market by as much as $600M. Both Brazil and Indonesia raised interest rates. On Friday, Brazil Finance Minister Mantega said the BRIC's continue to make plans for establishing a joint bank and a joint reserve fund, and India Finance Ministry economic advisor Dasgupta went so far as to suggest that the India would welcome a joint currency intervention among the BRICs to stem currency depreciation.

- After two months of negotiations, Amgen has secured a deal to acquire oncology research shop Onyx for $125/share in cash, in a deal valued at $10.4B. This is up from the firm's initial offer of $120/share. The deal is being seen a key move for Amgen to restock its product pipeline in response to declining sales of its flagship anemia drugs. In separate M&A news, Verizon and Vodafone shares both rallied on Thursday after reports that the two had resumed talks for Verizon to reacquire Vodafone's 45% interest in Verizon Wireless. The deal is said to be north of $100B and could include a stipulation that Vodafone repurchase 23% stake in Vodafone Italia. On Friday, press reports indicated that GE Capital may be close to spinning off its retail lending unit which reported $15.5B in revenues in 2012.

- The last of the Q2 retailers' earnings reports trickled this week. Overall results were mixed with Big Lots ($0.31 v $0.25e) and Guess ($0.52 v $0.36e) trading higher after earnings and Tiffany and Williams-Sonoma trading lower after failing to meet outsized expectations. After being chastised by the JC Penney board earlier this month, Pershing Square's Ackman abruptly gave up on his designs to reboot ailing retailer, dumping his entire 17.7% stake at $12.60/share. In other earnings Joy Global shares traded sharply lower despite a top line beat ($1.70 v $1.36e) after the firm forecast its order rate would deteriorate. Salesforce.com continued to prove short-sellers wrong taking another leg up after beating estimates and raising guidance. Shares of JPMorgan Chase were lower on the week after the financial press reported that the US government may be seeking as much as $6B in damages from the firm related to allegations it misrepresented securities sold to Fannie and Freddie.

- Markets were looking for dovish commentary from BOE governor Carney in his first public speech since taking the helm at the central bank in early July. He reiterated that hitting the 7% unemployment target would not automatically trigger higher rates and that he was prepared to ease further if needed. However, he commented that he would not hesitate to increase rates either. The GBP/USD initially tested session lows of 1.5429 but move 100 pips off its worst levels after his remarks.





TradeTheNews

Aug 30 2013

What we expected to be an empty day, what with long weekend coming and military action possible, turned out to be another strong session with solid profit. Ending very nice month with 5-days winning week. Probably the best August in many years.

Session Time: Fri Aug 30 00:00:00 2013

[09:18] {dino} gm

01[09:18] {&Threei}  dino :)

[09:18] {nemo} chopped liver

01[09:18] {&Threei}  what's with this whine every morning?

[09:19] {nemo} does it bother you?

[09:19] {dino} no

[09:19] {nemo} conundrum, huh?

[09:19] {nemo} I've got Vad between a rock and a hard place here

01[09:20] {&Threei}  well, I am curious what causes it

[09:20] {nemo} works, don't it?

01[09:26] {&Threei}  ese forgot his password

[09:27] {nemo} keep it that way, long weekend ahead, let's not ruin it

[09:27] {fish_49} gm all

01[09:27] {&Threei}  fish :)

[09:27] {dino} lot of kicked outs today

[09:28] {fish_49} Vad Randomly kicking people?

[09:29] {robbers} Only those using chemical weapons.

01[09:29] {&Threei}  my favorite passtime

[09:29] {cipher} gm

01[09:30] {&Threei}  cipher :)

[09:30] {Alexs} gm

[09:32] {dino} vod hl l .98

[09:32] {bbobr} gm

01[09:32] {&Threei}  alex :)

01[09:32] {&Threei}  bbobr :)

01[09:33] {&Threei} Short Setup: GDX  .10 break

01[09:33] {&Threei}  If holds  .15 

01[09:36] {&Threei}  ese found the key

[09:36] {ese} damn finally.......

01[09:36] {&Threei}  lol

[09:36] {ese} mornin ladies

[09:36] {RonS} lol...gm

01[09:36] {&Threei}  welcome back

[09:37] {ese} tks...very succesful trip...band was really well received

[09:37] {+cc_9} GDX looking for a bounce reversal if can crack 28.4

01[09:37] {&Threei}  cool, congratulations

01[09:38] {&Threei} Short Setup: GDX  .30 break

01[09:39] {&Threei}  If holds  .35 

[09:41] {fish_49} out half

01[09:41] {&Threei}  1:1

[09:41] {+cc_9} OVTI @ HOD range

[09:43] {ese} hci

[09:43] {robbers} Out in full, thanks.

01[09:44] {&Threei}  yw

[09:45] {+cc_9} OVTI new session highs

01[09:45] {&Threei}  1:2

[09:45] {fish_49} out 1/4

[09:47] {dino} apa sm s .50

01[09:47] {&Threei}  1:3, out

[09:47] {fish_49} out

[09:47] {fish_49} thanks vad

01[09:47] {&Threei}  yw

[09:53] {dino} apa stop .85 -.35

01[09:54] {&Threei} Short Setup: GLD  .70 break

01[09:54] {&Threei}  If holds  .75 

01[09:55] {&Threei}  *(US) AUG FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 82.1 V 80.5E

[09:55] {nemo} http://www.youtube.com/watch?v=3_J0AMPPD34

01[09:55] {&Threei}  1:1

[09:56] {fish_49} out in full  ty vad

[09:57] {nemo} Alan Farley sent that to me

01[09:57] {&Threei}  yw

[09:57] {+cc_9} STX / WDC from yesterday both reversing

[09:58] {fish_49} Alan Farley the swing trader guru?

[09:58] {nemo} frickin' crm

[09:58] {nemo} yeah

[10:02] {+cc_9} and dumping on that

01[10:02] {&Threei}  he may not realize he stimulates the most disturbing sides of your personality

01[10:02] {&Threei}  I'll talk to him about therapy you need

[10:02] {fish_49} do you know if he is married?

01[10:03] {&Threei}  who?

01[10:03] {&Threei}  alan?

[10:03] {fish_49} Alan

[10:03] {nemo} what, you consider sadistic homicidal tendencies, with a lust for mayhem a negative?

01[10:03] {&Threei}  yes

[10:03] {fish_49} wife name is Joanne?

01[10:03] {&Threei}  no

[10:03] {fish_49} k

01[10:03] {&Threei}  donna

01[10:04] {&Threei} Short Setup: C  .25 break

01[10:04] {&Threei}  If holds  .32 

[10:06] {dino} kkd sm l .50

[10:07] {dino} htwr sm l ave .51

[10:08] {+cc_9} AMC movies gets bot by Chinese, now filing for IPO

[10:09] {nemo} arguably fas long here stop under .15

[10:10] {ese} L gg .63

[10:12] {ese} out gg .75 +.12

01[10:12] {&Threei}  1:1

[10:13] {ese} only 1/2 lot...gotta get my brain back into this

[10:14] {fish_49} maybe FAS bounce here?

[10:14] {RonS} psst...are we going to tell ese market closed Monday?

01[10:14] {&Threei}  nope

01[10:14] {&Threei}  he needs practice

[10:14] {RonS} thought so...

[10:14] {dino} gj ese

[10:14] {fish_49} lol

[10:14] {fish_49} that's bad

01[10:15] {&Threei}  let him trade on Monday while market is closed - it will be equivalent to famous "we will fill the p;ool with water when you learn to swim"

[10:15] {RonS} lol

[10:16] {ese} tks...eyeing KKD dino....bit of a slam with relatively positive news

01[10:16] {&Threei}  FAS is a bit tough to cvontrol risk here

01[10:16] {&Threei}  let's view today in light of risk control mostly

[10:16] {+cc_9} lol @ Obama "Assad gassing people in Syria is a threat to our national security"

01[10:17] {&Threei}  friday before the long weekend, and risk of military developments on top

01[10:18] {&Threei}  so, someone needs to explain to me how Obama is all anti-military, for peace, anti-Bush etc

[10:18] {ese} ha ha ...ha ha..........just saw them slam posts.......Well,,,,,,i'll have you know!!!!!!!! I represent those remarks

[10:18] {nemo} Syria Alewites

[10:18] {Alexs} trail stop still .26?

[10:18] {nemo} yes, quite well ese

01[10:18] {&Threei}  he has even lesser case for Syria invasion than Bush ever had for Iraq

[10:19] {ese} all a ya.......can't stand the lot of ya

01[10:19] {&Threei}  yes Alex

[10:19] {fish_49} I MOVED MY STOP TO ,25

[10:19] {fish_49} OOOPS

01[10:19] {&Threei}  let's trail to .21 when it loses .10

[10:19] {nemo} stop yelling

01[10:19] {&Threei}  nemo falls off his chair when you type in capitals

[10:19] {fish_49} yes sir Nemo

[10:19] {nemo} I don't use a chair

[10:19] {nemo} I levitate

[10:20] {ese} dino?   give me an opinion on KKD.....seeing as though I can't trust the rest of these bastards

[10:20] {nemo} frickin' mortals

01[10:20] {&Threei}  nemo falls off his levitation when you type in capitals

[10:20] {nemo} it's at the 50 day dino likely bounce here

[10:20] {fish_49} chair, levitation, Wagon  all works

01[10:20] {&Threei}  better yet:

01[10:20] {&Threei}  nemo falls off his 50 MA when you type in capitals

[10:21] {fish_49} lol

[10:21] {fish_49} short it

01[10:21] {&Threei}  let's trail to .21 now

[10:21] {dino} ese, kkd, stop is .28

[10:22] {nemo} 19.68 is breakout level so next support

[10:22] {ese} are you in?

[10:22] {dino} was looking for vwap .75 area, but...

[10:22] {dino} yes

[10:22] {dino} stopped

[10:22] {dino} no more

[10:22] {ese} i'll be.....you sneaky little .......

[10:23] {dino} not thrilled w/tape today

[10:23] {ese} am liking these volume bars

[10:25] {ese} kkd L 1/2 .25

[10:25] {dino} ovti new lod

[10:26] {fish_49} stop moved to .16  holding the remaining 1/4  for the day

[10:27] {dino} fish, what are you in?

[10:27] {fish_49} c

[10:27] {dino} ok

01[10:27] {&Threei}  1:2

[10:28] {ese} kkd stopped .12 =.13

[10:28] {ese} -.13

[10:29] {ese} sucre blu!!!!

[10:29] {nemo} talking about your sex life again ese?

[10:29] {nemo} musicians when they come back from touring, sheesh

[10:32] {+cc_9} just tank this market already so we can all say "sellers into long weekend"

[10:33] {+cc_9} thanks for listening to me SPY

[10:34] {ese} lol

[10:38] {ese} ok......lets just randomly short something for the fun of it....eh....wha da ya say uh?

[10:39] {+cc_9} the trick is to get long, sigh "ok market, u can tank now"

[10:40] {+cc_9} IWM printing fresh lows

[10:40] {fish_49} C stop moved to .14

01[10:41] {&Threei}  1:3, I am out

01[10:41] {&Threei}  can I go home?

[10:43] {fish_49} stop moved to .98

[10:44] {+cc_9} SPY slowly flushing, what a grind

01[10:45] {&Threei}  1:4

[10:46] {fish_49} still hanging on

[10:46] {dino} out vod flat

[10:49] {dino} sina sm l .76

[10:52] {+cc_9} IWM fresh lows 

[10:56] {ese} L kkd .05

[10:56] {+cc_9} scaling long SPY, sl @ LOD

[10:57] {+cc_9} 4 days so far, SPY same range

[10:57] {fish_49} Out in full C 

[10:57] {fish_49} thanks Vad

[10:57] {+cc_9} 163.20 - 165

01[11:00] {&Threei}  yw

[11:01] {+cc_9} what a tape on the SPY

[11:02] {+cc_9} looking for 163.85 bid for a sl raise

01[11:07] {&Threei}  : markets quiet ahead of US holiday, awaiting US statement on Syria

01[11:07] {&Threei}  lordy... leave that Syria alone, let them sort their affairs out

[11:08] {fish_49} agree

[11:09] {+cc_9} Alex, I see you got a demo for the platform yesterday, let me know if you need help with any setups/layouts or vid tutorials to go over this weekend.

[11:10] {Alexs} no it's not me

[11:11] {+cc_9} Who is the other Alex

[11:11] {RonS} real name Les?

[11:11] {+cc_9} lol

[11:11] {Alexs} lol

[11:12] {fish_49} his other brother Alex

[11:12] {Alexs} I don't know

[11:12] {ese} yawn........................zzzzzzzzzzzzzzzzzzzzzzzzzzz

01[11:12] {&Threei}  will the real McCoy please stand up

[11:13] {+cc_9} So far so good on that SPY entry

[11:13] {+cc_9} stop @ cost, letting her ride

[11:14] {Alexs} If that Alex already deposited 1K I gladly take it back though

01[11:14] {&Threei}  lol

[11:15] {+cc_9} lol, just a demo for now

[11:16] {+cc_9} Paper accounts are live data, same quote/order streams as live account.

01[11:25] {&Threei} Short Setup: GDX  .40 break

01[11:25] {&Threei}  If holds  .45 

[11:25] {+cc_9} IWM major lag vs SPY

01[11:29] {&Threei}  meh

[11:29] {fish_49} yea

[11:31] {+cc_9} I can relate to the meh

[11:31] {+cc_9} thats the tape today, meh

01[11:31] {&Threei}  hmmm... nah, we had more yays today than mehs

[11:32] {fish_49} P/L  still looks good for the day

[11:32] {+cc_9} Of course. I'm talking about the overall market movement today.

01[11:32] {&Threei}  friday before long weekendc

01[11:32] {&Threei}  computers are packing in Hampton

[11:32] {dino} uslv spike

[11:34] {+cc_9} SPY back to session lows

[11:42] {+cc_9} IWM dumpathon

[11:49] {ese} L kkd avg .05

01[11:51] {&Threei}  uh oh... ese, we may have to bail Will

01[11:51] {&Threei}  Victoria police raid Quadra Street marijuana shop

[11:52] {fish_49} last time it was Will bailing out ese right?

01[11:53] {&Threei}  yes... now while ese was away will probably tries to ramp up production, to support his expensive travel habits

01[11:53] {&Threei}  tried

[11:54] {Alexs} is marijuana legal in BC?

[11:55] {nemo} like gmcr short here Vad?

01[11:56] {&Threei}  no alex

[11:56] {RonS} ...police looking for Al Quadra?

01[11:56] {&Threei}  yes nemo

01[11:56] {&Threei}  hl of course

[11:56] {nemo} yeah triggered

[11:56] {nemo} had to wait for you to put the bong down

01[11:57] {&Threei}  I never did such a thing

[11:57] {nemo} you're still holding it?

01[11:57] {&Threei}  I just type with my chin

[11:58] {ese} justine Trudeau plans to visit here alot though for some unknown reason

01[11:59] {&Threei}  rofl

01[11:59] {&Threei}  nice GMCR

01[11:59] {&Threei}  for non-Canucks that don't get the reference:

[11:59] {Alexs} yeah ty Vad

01[12:00] {&Threei}  this is new leader of Liberal Party of Canada who recently admitted to marijuana use while already holding MP office

01[12:00] {&Threei}  I'll pass that "ty" to nemo with your permission

01[12:00] {&Threei}  his find

[12:00] {ese} spectacular career move

01[12:00] {&Threei}  lol

01[12:00] {&Threei}  imbecile

[12:00] {ese} if you want to be priminister

01[12:01] {&Threei}  all hippies will vote for you

01[12:01] {&Threei}  as long as they can find the voting office

[12:01] {ese} yup

01[12:01] {&Threei}  which is not a given

[12:01] {ese} he should get......lets say .ooo1 percent of the vote

01[12:02] {&Threei}  well, in BC it will be much higher

[12:02] {ese} with that admission

[12:02] {ese} true

01[12:02] {&Threei}  yesterday someone asked Harper about matijuana use on press conference

01[12:03] {&Threei}  he delivered it woth this perfect deadpan

01[12:03] {&Threei}  "Do I look like I use it/"

[12:03] {ese} thats a great line

[12:04] {ese} very funny

01[12:04] {&Threei}  you should see him to get it

01[12:04] {&Threei}  I mean, Dalai Lama amd Mother Theresa look more likely to smoke marjiuana than Harper

[12:05] {ese} thats hould pretty much bury Trudeau at the next election

[12:05] {ese} fool

01[12:05] {&Threei}  good... this country wouldn't survive second Trudeau

01[12:06] {&Threei}  just so you know:

01[12:06] {&Threei}  Phrases like "Can I ask you something?" and "I have to tell you something" trigger parts of the brain associated with panic.

[12:06] {ese} party lines have been sol blurred in the last 10 to 15 years i have no ideas who to vote for

01[12:07] {&Threei}  well, we have just the answer: read Atlas Shrugged, and all your hesitations will be dealt with {GG}

[12:07] {ese} I've made up my mind to vote for the person who injects chocolate into there veins with a hypodermic needel

[12:07] {ese} needle

[12:08] {nemo} "their"

[12:08] {nemo} you teacher you

[12:08] {ese} indeed

[12:08] {ese} i'm still sleep deprived

[12:08] {ese} cut me some slack

01[12:09] {&Threei}  while you were away, we did cliffnote version for Alex

[12:09] {nemo} wrong room ese

01[12:09] {&Threei}  what do yolu know, he immediately turned progressive

[12:22] {fish_49} is the paint dry yet?

[12:26] {nemo} think ese is sniffing it

[12:26] {ese} lol

[12:28] {ese} arrrrrrr.........seeeziiifffffffff.........iiiiyaaaaaa.....kannnfunctionnnnn.......namally.....whiiiii out it

[12:40] {+cc_9} Lets see that chemical attack evidence, podium is ready, standing by

[12:42] {nemo} Colin Powell show up with that vial yet

01[12:43] {&Threei}  I am yet to understand the logic of:

01[12:43] {&Threei}  we are fine while you bomb and shoot each other, but we draw the line at chemical weapon

[12:44] {nemo} it's called "an excuse"

[12:48] {fish_49} ok if it's an excuse  then should we at least verify who used the weapons?

[12:48] {nemo} nah, bomb them all, let Allah sort them out

[12:51] {fish_49} can Canada foot the bill?  I have paid enough taxes in the name of Alah

01[12:52] {&Threei}  Canada? bill?

01[12:53] {&Threei}  wait for me while I stop laughing

01[12:53] {&Threei}  it can be long wait though

[12:53] {fish_49} lets get the aussies  to pay for it...  They are the only nation which is debt free

01[12:53] {&Threei}  I'd suggest swiss

[12:53] {fish_49} less wont like that

01[12:53] {&Threei}  I want to see Les when he hears that

[12:53] {fish_49} Les*

[12:55] {nemo} market seems to be waiting for Kerry to speak

01[12:55] {&Threei}  yup

[12:55] {nemo} He's probably got his broker buying options

01[12:55] {&Threei}  he says it'a a go, GLD/GDX go up

01[12:56] {&Threei}  he says, errgh, ummm, weighing our options, they drop

[12:56] {fish_49} what will he say?  The rest of the world wont help us on this so we will study our options until the problem goes away?

01[12:56] {&Threei}  here he is

[12:57] {nemo} they should send Raylan Givens

[12:57] {+cc_9} no war, market rally

[13:01] {+cc_9} Kerry "we know but we can't tell you"

[13:01] {+cc_9} Kerry "we know where the weapons were launched from, but we won't specify"

[13:01] {+cc_9} good one Kerry.

01[13:02] {&Threei}  (SY) US Sec State Kerry: US Pres Obama has consulted Congress and other international leaders on Syria in the past few days- Consultation with Congress and US citizens is important before actions - Unclassified report on Syria is clear and compelling - Have thousands of sources to confirm info, will not repeat Iraq experience in intelligence on Syria - Know Assad regime has used chemical weapons several time this year and that they have the largest chemical weapons store in the Middle East

[13:05] {+cc_9} "This is common sense. This is evidence. These are facts." After not showing us anything, just telling us things.

[13:06] {nemo} Plu ca change plu cest le meme chose

01[13:07] {&Threei}  - Denounces 'indescriminate' horror of chemical weapons - Kerry personally spoke with Syrian foreign minister to ask him to grant access to UN chemical inspections, Syria shelled the area for four days before letting the inspectors in

[13:08] {fish_49} he is saying "Trust us"

01[13:08] {&Threei}  - Rockets in chemical attacks came only from regime controlled areas - Intelligent sources show Syrian forces were told to don gas masks - Syria fatalities had no external wonds - At least 1,429 Syrians killed including 426 children - US intercepted communications of a senior regime official who was very familar with the confirmation of the Aug 21st chemcial weapons attack

[13:10] {+cc_9} why is LMT stock going down...

[13:11] {fish_49} maybe went up on thoughts of War  and now down on the news of no war?

[13:12] {+cc_9} the market is going down on "news of war", cant have it bothways

[13:12] {+cc_9} if no war, reaction for overall market is up

[13:12] {+cc_9} if war, LMT should be up

[13:12] {nemo} check Raytheon

[13:12] {fish_49} correct

[13:13] {nemo} Likely more to be missile strikes...Raytheon makes those

[13:14] {fish_49} The American People  wont say yes...  If Obama wants  to do anything he is doing it alone

[13:14] {+cc_9} the only right the american people have is to pay taxes on time.

[13:14] {fish_49} now he is saying Diplomatic process

[13:15] {fish_49} he said nothing we didn't already know

01[13:15] {&Threei}  - Action will not involve boots on the ground and will not be open ended, action will be a 'limited and tailored response' - Solution on Syria must be poltical not military

01[13:15] {&Threei}  shrug

01[13:15] {&Threei}  amazing

[13:15] {+cc_9} BOOM

[13:15] {fish_49} market likes it

[13:16] {+cc_9} 12:57 cc_9 no war, market rally

01[13:16] {&Threei}  instead of speak softly and carry a big stick, he spoke loudly and harshly and carried a rubber

[13:16] {fish_49} hahahaha

[13:16] {fish_49} used Russian rubber?

[13:16] {cipher} got lucky bought a bunch of stuff at the low

[13:16] {fish_49} Putin gave him that rubber

[13:17] {cipher} wow

01[13:17] {&Threei}  and this line sent me into hysterical laughter:

01[13:17] {&Threei}  - Our oldest ally, the French condemned Syria

01[13:17] {&Threei}  YAAAY!!!

[13:20] {fish_49} UK voted last night and said no to helping out on a strike

[13:21] {fish_49} Obama will have to kiss a lot of butt to get any help on this

[13:24] {nemo} frickin' headline risk market

[13:36] {ese} Finally KK D about time

[13:38] {Alexs} so now Russians can say by sending severel ships to mediterranean they save the whole world

01[13:38] {&Threei} Short Setup: GDX  .20 break

01[13:39] {&Threei}  yes Alex... they scared the hell out of US

[13:41] {fish_49} gdx still valid?

[13:41] {fish_49} stop .30?

01[13:41] {&Threei}  yes

01[13:42] {&Threei}  for now, .30

01[13:42] {&Threei}  will probably trail before 1:1 is reached

01[13:46] {&Threei}  YESSSS!!!

01[13:46] {&Threei}  8/30/2013 1:47:02 PM *(CO) COLOMBIA CENTRAL BANK LEAVES OVERNIGHT LENDING RATE UNCHANGED 3.25%, AS EXPECTED

01[13:46] {&Threei}  whew

01[13:46] {&Threei}  what a relief

[13:46] {fish_49} lets buy Columbian coffee 

[13:47] {RonS} drug lords pissed...

01[13:47] {&Threei}  now, if you think we are done with Syria talk for today, think again:

01[13:47] {&Threei}  (SY) US President Obama to address issue on Syria at 14:15 ET - financial press- Separately, President Obama has not yet made a decision on military action on Syria.

[13:47] {RonS} ...wanted a cut...

01[13:47] {&Threei}  lol

01[13:47] {&Threei}  I thought they owned central bank

[13:49] {fish_49} GDX filled

[13:50] {RonS} drug lords: "we always cut our stuff, why don't you cut yours?"

[13:52] {RonS} O:  "planning on sailing the US Navy to Syrian coast and vote present"

[13:52] {fish_49} so we go sideways  until after Mr. O speaks

[13:52] {fish_49} notice Alexs  I called him Mr O  this time

[13:53] {dino} more like mr zero

[13:53] {fish_49} funny that u say that

[13:53] {Alexs} his the best president ever

[13:53] {RonS} lol

[13:53] {fish_49} I received a signed letter from him when I retired  and his signature has a Large O that looks like a zero

[13:54] {RonS} ...the consistency is amazing...pass th koolaid...

01[13:54] {&Threei}  his what is the best president ever?

[13:55] {Alexs} forever

01[13:56] {&Threei}  if this upcoming speech is as dovish as Kerry's, GDX is a 1:3er at least

01[13:57] {&Threei}  or should I say, as rubberish

[13:58] {Alexs} I hope he wil show them "kuzkinu mat"

01[13:58] {&Threei}  or two

[13:58] {fish_49} thanks for clarification

01[13:59] {&Threei}  I mean two kuzkina mat is twice as scary as one, right?

[13:59] {fish_49} I was looking up dovish

01[13:59] {&Threei}  dovish vs hawkish

[13:59] {fish_49} 1.  Any of various widely distributed birds of the family Columbidae, which includes the pigeons, having a small head and a characteristic cooing call.

01[13:59] {&Threei}  lol

[14:00] {fish_49} 2.  A gentle, innocent person

01[14:00] {&Threei}  is there political interpretation?

[14:00] {Alexs} one for Syria one for Russia

[14:00] {fish_49} which one is he?

01[14:00] {&Threei}  lol

[14:00] {fish_49} lol

01[14:00] {&Threei}  3. A person who advocates peace, conciliation, or negotiation in preference to confrontation or armed conflict.

[14:01] {fish_49} ahhh you mean Alexs?

[14:01] {fish_49} Adj. 1. dovish - opposed to war

[14:02] {fish_49} honestly..  what do we have  to gain from sending  a missle or two?

[14:03] {dino} nothing. he backed himself into corner. whats the difference guns or chemicals? dead is dead

[14:04] {RonS} keeps the supply fresh...confirms reliability...supports Muslims over Christians

[14:04] {dino} been what 60,000 killed over ther last year

[14:04] {fish_49} about the same as in Chicago?

[14:04] {dino} roflol

01[14:05] {&Threei}  ese, while Liberal leader contemplates coming to BC to replenish his marijuana supplies, look who competes:

01[14:05] {&Threei}  NDP leader Tom Mulcair brings ‘get rid of the Senate’ message to Victoria

[14:05] {ese} well well

01[14:05] {&Threei}  Victoria, barely keeping eyelids open and munching loudly: Senate? What's that...

01[14:06] {&Threei}  ok GDX

01[14:06] {&Threei}  die

01[14:06] {&Threei}  die more

01[14:06] {&Threei}  die harder

01[14:06] {&Threei}  die faster

01[14:06] {&Threei}  1:1

[14:06] {fish_49} half out

[14:14] {fish_49} all out

[14:15] {Alexs} what ere you talking about fish?

[14:16] {fish_49} GDX

[14:16] {fish_49} got 1:1  then stopped on other half

[14:16] {Alexs} ok

01[14:17] {&Threei}  keep it still on a radar

01[14:17] {&Threei}  it may be once again a trade on O's speech

[14:17] {fish_49} 10-4

[14:27] {Alexs} when is O's speech?

01[14:27] {&Threei}  any minute now

[14:27] {RonS} noone knows...he's always late

[14:36] {Alexs} O: no final decision

[14:37] {RonS} "but I am present."

[14:39] {Alexs} GLD ready

01[14:39] {&Threei}  and GDX just rinsed second half

01[14:39] {&Threei}  son of a half of a motherless goat

[14:46] {fish_49} taped comments?

[14:46] {fish_49} not live?

01[14:46] {&Threei}  (US) US Pres Obama: Syria chemical attack challenge for the whole world, chemical attack is a threat to US national security interests, and to our allies (incl Jordan, Israel) - White House press conf- No decision made on Syria military action. - Military action to be limited, ground troops will not be involved. - Will continue to consult with Congress. - Still in process for Syria response. - The President's preference would have been for int'l community to move forward. - No one is more 'war weary' than he is, but US must be willing to safeguard int'l norms. - House Speaker Boehner: More answers needed on Syria from the President. -

01[14:46] {&Threei}  yes

01[14:47] {&Threei} Short Setup: GLD  .80 break

01[14:47] {&Threei}  If holds  .90 

[14:49] {fish_49} soft

[14:51] {Alexs} half out, full out, then soft

[14:51] {+cc_9} lol

[14:51] {fish_49} lol

[14:51] {fish_49} no rubbers allowed

[14:56] {fish_49} wake up GLD

[14:59] {fish_49} filled

[14:59] {fish_49} add that to the list Alex

[15:04] {dino} rally time

01[15:08] {&Threei}  1:1

[15:08] {fish_49} half out

01[15:10] {&Threei}  1:2

[15:10] {fish_49} 1/4 out

[15:17] {fish_49} trail stop to .71?

01[15:18] {&Threei}  of course

[15:20] {nemo} algo chop

[15:21] {fish_49} all out

[15:21] {fish_49} thanks Vad

01[15:21] {&Threei}  yw

01[15:21] {&Threei}  did we have any losing day this week?

01[15:22] {&Threei}  I don't think so but my memory goes back only so far

[15:22] {fish_49} I didn't have a negative P/L this week but did not trade every day

[15:31] {nemo} got the short signal on spy and finnies, but didn't give it much credence here

01[15:31] {&Threei} Short Setup: GLD  .70 break

01[15:31] {&Threei}  If holds  .75 

01[15:31] {&Threei}  last one for the week

01[15:32] {&Threei}  still valid

[15:37] {fish_49} filled

[15:41] {fish_49} meh

[15:41] {fish_49} have a good holiday everyone

[15:41] {fish_49} thanks Vad

01[15:41] {&Threei}  take care fish, see you Tuesday

[15:41] {goinshort}  thanks Vad

01[15:42] {&Threei}  yw gs

[15:46] {dino} gn all

[15:46] {ese} cya tuesday

01[15:46] {&Threei}  ok guys, thank you all

01[15:47] {&Threei}  that was great week and a very good month

01[15:47] {&Threei}  have a great ,long weekend

01[15:47] {&Threei}  don't do too much labor

01[15:47] {&Threei}  see you tuesday

Aug 29 2013

Another strong day, with many profitable trades on all sides. Quite unusual for August, but we do have one of the best months despite low volume.

Session Time: Thu Aug 29 00:00:00 2013
[08:59] {dino} gm
01[08:59] {&Threei}  morning dino
[09:15] {+cc_9} gm
01[09:16] {&Threei}  cc9 :)
[09:19] {+cc_9} dumpathon pre-open eh
[09:19] {cipher} gm
01[09:19] {&Threei}  cipher :)
[09:24] {nemo} chopped liver here?
01[09:25] {&Threei}  ?
01[09:26] {&Threei}  what is it that makes you all bothered?
01[09:26] {&Threei}  tell us so we could do it again
[09:27] {Alexs} gm
01[09:27] {&Threei}  alex :)
[09:27] {+cc_9} es fast dump past 15mins
[09:31] {nemo} gdx taking it in the shorts again
[09:31] {bbobr} gm
01[09:31] {&Threei}  bbobr :)
[09:31] {nemo} sniff, sniff
01[09:31] {&Threei}  waiting for bounce on it
[09:34] {+cc_9} SPY coming off lows
[09:34] {nemo} prescient
01[09:35] {&Threei} Short Setup: GDX  28 break
01[09:35] {&Threei}  If holds  .05
01[09:35] {&Threei}  1:1 in a blink of eye
01[09:35] {&Threei}  1:1 in a blink of second eye
01[09:36] {&Threei}  1:2 in a blink of second eye
[09:36] {fish_49} too quick for me  my Blink button didn't work
[09:36] {robbers} Yep, I missed it too.
[09:36] {Alexs} ditto here
[09:37] {+cc_9} SPY reversal solid
01[09:37] {&Threei}  cc9... people's Eye Command software has a glitch this morning
[09:37] {nemo} you've got a third never mind the pink one
[09:37] {+cc_9} working on it
01[09:40] {&Threei} Short Setup: C  .55 break
01[09:41] {&Threei}  If holds  .60
01[09:41] {&Threei}  meh
[09:42] {fish_49} Hate C in the morning
01[09:42] {&Threei}  "hate..." too much emotions for a 5 cents stop
[09:42] {fish_49} lol
01[09:42] {&Threei}  I like my "meh"
[09:43] {fish_49} yea I should reserve hate for Obama
[09:43] {fish_49} lol
[09:43] {Alexs} love O
01[09:45] {&Threei}  ever since you turned progressive, eh?
[09:45] {Alexs} yes!
[09:45] {+cc_9} STX dump
01[09:45] {&Threei} Long Setup:  TZA  .95 break
01[09:46] {&Threei}  If holds  .87
01[09:47] {&Threei}  valid
[09:47] {fish_49} in
01[09:47] {&Threei}  with .84 stop
[09:51] {dino} htwr thinny sm l .55
01[09:52] {&Threei}  no go
01[09:53] {&Threei} Short Setup: GDX  .30 break
01[09:53] {&Threei}  If holds  .35
[09:54] {+cc_9} STX bouncing here
01[09:56] {&Threei}  1:1
[09:56] {fish_49} out half
[09:57] {Alexs} optimists half in
06[09:58] * nemo loads the shotgun
01[09:58] {&Threei}  lol
01[09:58] {&Threei}  careful Alex... nemo may or may not forgive you for being a peogressive... but being an optimist, no chance
[09:58] {fish_49} out in full
01[09:59] {&Threei}  1:2
[09:59] {nemo} he'd make good worm food
[09:59] {goinshort} out gdx  nice Vad!
[10:00] {fish_49} whre are my manners  today  Thanks Vad
[10:00] {nemo} polite worm food
01[10:00] {&Threei}  yw guys
[10:01] {+cc_9} STX still going
[10:01] {+cc_9} +$0.55 so far
01[10:02] {&Threei}  1:3, out
[10:03] {fish_49} gj
[10:03] {Alexs} optimists full out
[10:03] {nemo} he likes to rub it in
[10:03] {+cc_9} VZ waterfall
[10:04] {nemo} I'd call it more of a flume
[10:09] {RonS} wdc getting hit
[10:09] {+cc_9} STX WDC same sector stocks
[10:17] {+cc_9} STX double bottom off 37.20
01[10:17] {&Threei} Long Setup:  GDX  28 break
01[10:18] {&Threei}  change to .95 break
01[10:18] {&Threei}  .c .90
01[10:18] {&Threei}  Invalidated
01[10:21] {&Threei}  wow
[10:21] {fish_49} It should bounce nicely at arount .45  Just a guess
[10:22] {nemo} gap down there
[10:26] {dino} pbth drop
[10:26] {dino} lrn spike
[10:34] {+cc_9} who here called NOAH a few days ago ?
[10:34] {+cc_9} Its coming back fwiw
[10:34] {nemo} dino
[10:35] {nemo} bounced at 50 day hesterday7
[10:36] {+cc_9} IWM beautiful performance on the reversal thus far
[10:36] {dino} i did
[10:41] {+cc_9} VZ watching if we get another fade play, decent bounce off that dump so far
[10:43] {dino} safm leftovers from yesterday stop to .05
[10:44] {+cc_9} Squeeze reversal on indexes, superb
01[10:45] {&Threei} Long Setup:  FCX  .45 break
01[10:45] {&Threei}  If holds  .40
01[10:47] {&Threei}  .50 break should catapult it
[10:54] {dino} out safm .00, +1.82
[10:55] {dino} htwr to .05
[11:00] {+cc_9} WDC recovering
06[11:02] * &Threei kicks FCX in the rear
01[11:14] {&Threei}  asnyone's breathing?
01[11:14] {&Threei}  fell asleep waiting for FCX?
01[11:14] {&Threei}  hodling your breath this entire time?
01[11:14] {&Threei}  that blue shade can't be healthy
[11:14] {Alexs} progressive optimists waiting for catapult
01[11:15] {&Threei}  rofl
[11:15] {Alexs} and fair shot
01[11:15] {&Threei}  A+ for humor
01[11:15] {&Threei}  and for provocation aimed at nemo
01[11:16] {&Threei}  but alex... learn the progressive vocabulary, will ya
01[11:16] {&Threei}  it's "fair share"
[11:16] {Alexs} yes sir
01[11:16] {&Threei}  that everyine "deserves"
01[11:17] {&Threei}  nemo falls out of his chair
[11:17] {Alexs} lol
01[11:17] {&Threei}  rips cord out of his router
[11:18] {dino} htwr to .67
01[11:19] {&Threei}  here... progressive optimists got their fair share
01[11:19] {&Threei}  1:1
[11:19] {fish_49} out  thanks
01[11:19] {&Threei}  :)
[11:21] {Alexs} that's what O promissed yesterday
[11:21] {Alexs} feel happy now
[11:21] {goinshort} nailed it also thanks!
01[11:21] {&Threei}  wait... so I deliver on his promises???
01[11:21] {&Threei}  ye guys :)
01[11:21] {&Threei}  yw
01[11:22] {&Threei}  folks let's be gentle now... I am afraid we might cause severe brain hemmorrage for nemo
[11:23] {Alexs} that's the essence of progressivism
[11:23] {Alexs} you promiss somebody deliver
01[11:23] {&Threei}  lol
01[11:23] {&Threei}  good point
01[11:23] {&Threei}  generosity with someone else's money or efoort
[11:32] {dino} out htwr .71, +1.16
01[11:33] {&Threei}  wtg
[11:40] {nemo} I'm reproofing my oilskin coat
[11:40] {nemo} that way the bloodspatter doesn't soak in
01[11:40] {&Threei}  why?
01[11:40] {&Threei}  oh
01[11:40] {&Threei}  1/4 more out
[11:41] {RonS} miners putting on an impressive reversal today
[11:41] {nemo} just about kissed the gap
[11:42] {nemo} I think Alex should be the first recipient of the Les Award
01[11:42] {&Threei}  why not Les?
01[11:42] {&Threei}  logic says, Les should be first recipient of Les Award
[11:42] {nemo} he's not here, and it's the most insulting thing I could think of to say to Alex on short notice
01[11:43] {&Threei}  ummm
01[11:43] {&Threei}  OK, 2 comments
01[11:43] {&Threei}  1. he will be here soon enough
[11:43] {nemo} my logic and economy are impeccable
[11:43] {Alexs} ty nemo
01[11:43] {&Threei}  and 2. you really need to work on those short notice insults
[11:43] {nemo} Without Les here, I don't get nearly enough practice.
01[11:43] {&Threei}  I mean this is really meek
[11:44] {nemo} Ron doesn't say much
[11:44] {nemo} no Will
01[11:44] {&Threei}  do what all martial arts guys do, practice with mirror
[11:45] {nemo} not this one
01[11:45] {&Threei}  and will will be here on Tuesday
[11:51] {Alexs} still waiting for my fair 1:3 share
[11:51] {nemo} hytraya zhopa
[11:51] {Alexs} spasibo
[11:52] {nemo} privyet
01[11:52] {&Threei}  rofl
[11:55] {RonS} NBG kind of ripping...any news 3i?
01[11:55] {&Threei}  just this:
01[11:55] {&Threei}  National Bank of Greece SA Reports 1H profit €344M v €125Me- 1H loan loss provisions €853M v €1.2B y/y - 1H results improved thanks to improvement at Turkish subsidiary Finansbank, and lower loan loss provisions.
01[11:55] {&Threei}  but it's 10:30
01[11:55] {&Threei}  not fresh
[11:57] {RonS} thanks
01[11:58] {&Threei}  lol
01[11:58] {&Threei}  line on the bottom on TV
01[11:58] {&Threei}  prime minister speaks, line says
01[11:58] {&Threei}  Harper Makes Crime Announcement
01[12:00] {&Threei}  alex... nemo knows a few russian words thanks to some folks in his surroundings... unfortunately, most of them sre swear words that he uses non-discriminately and non-sparingly
[12:01] {nemo} and rude drinking toasts
[12:08] {bbobr} rude toasts  ? like what ?
01[12:08] {&Threei}  you are waking up a monster, bbobr...
[12:08] {bbobr} he-he
[12:08] {nemo} stob huei stayal y dengi bili
01[12:09] {&Threei}  there...
01[12:09] {&Threei}  1:3 is close... while we are waiting: http://goo.gl/FVL1tw
01[12:09] {&Threei}  lol
[12:10] {bbobr} neploho !
[12:11] {Alexs} rofl nice one
01[12:20] {&Threei}  stop .59 now
[12:21] {Alexs} no stop please I need my fair share
01[12:22] {&Threei}  because you deserve it
[12:22] {Alexs} exactly!
01[12:22] {&Threei}  :)
[12:23] {Alexs} and I was promised...
01[12:23] {&Threei}  by O
01[12:23] {&Threei}  that I will deliver
01[12:23] {&Threei}  kind of: Belarus and Argentina signed peace agreement between Ukraine and Mongolia
[12:24] {Alexs} lol
01[12:34] {&Threei}  dino... we are kings of abbreviation. We took 700-pages long Atlas Shrugged and successfuly shortened it for Alex in 5 lines.
01[12:34] {&Threei}  ultimate cliff notes
[12:37] {Alexs} yeah this book became a turning point in my perception of the world because of you guys
01[12:43] {&Threei}  you mean each and every of our 5 lines?? wow... we did good!
01[12:44] {&Threei}  now... who is john galt... {G}
[12:44] {nemo} what five lines?
01[12:44] {&Threei}  well, we relid whole content of the book in about that many, lol
01[12:45] {&Threei}  relied
[12:45] {dino} so alexs is on board w/atlas shrugged?
[12:46] {dino} the man who stopped the world
[12:52] {Alexs} looks like those freemarketeers don't want to give me my fair share in FCX
01[12:52] {&Threei}  lol
[12:53] {Alexs}  "even as corporate profits soar, even as the pay of a fortunate few explodes."
01[12:57] {&Threei}  I guess making correction for quiet time and taking profit in full at .72 - .73 was an option
01[12:57] {&Threei}  on the other hand... what's our hurry
01[12:57] {&Threei}  they often climb slowly during this time
01[13:24] {&Threei} Short Setup: GDX  .65 break
01[13:24] {&Threei}  If holds  .70
01[13:25] {&Threei}  nah
[13:26] {Alexs} and who is to blame?
01[13:26] {&Threei}  ummm
01[13:27] {&Threei}  guys, here is a suggestion for you to keep in mind
[13:27] {Alexs} the guy who's not delivered
01[13:28] {&Threei}  starting Sept, let's do a Q/A session each Wed around lunch time on best practices of trading software use,
01[13:28] {&Threei}  specific to cc9's offering
01[13:28] {&Threei}  and him being the one to answer.
01[13:29] {&Threei}  if you use their software, it's your opportunity to ask your questions and benefit from other's,
01[13:29] {&Threei}  if you don't it's your chance to find out more about it and contemplate possibler switch
01[13:29] {&Threei}  particularly, such missed entries as this morning's are less likely with fast direct access platform
01[13:30] {&Threei}  Sounds good?
01[13:30] {&Threei}  oh and GDX, you are a SoMG
01[13:30] {&Threei}  1:2...
01[13:31] {&Threei}  anyone's interested or am I wasting my breath?
[13:31] {Alexs} same money why not
[13:33] {bbobr} what software, missed something ?
01[13:34] {&Threei}  trading platform
01[13:35] {&Threei}  wickedly fast
[13:35] {+cc_9} DMA system
[13:35] {+cc_9} with co-location
[13:35] {+cc_9} direct market ECN routing
[13:36] {+cc_9} basically, instead of the usual MM retail brokers have, you direct flow through the ECN directly, so you pay less
[13:36] {bbobr} is there a website ?
[13:36] {+cc_9} You also pay per/share as opposed to per/trade in the case you were to scale in/out of trades instead of 1 hit
[13:36] {+cc_9} http://www.(gently edited out)
[13:36] {Alexs} actually a have the same thing
[13:37] {bbobr}  I have that on  IB
[13:38] {Alexs} what are the comissions?
[13:39] {+cc_9} They range, depends on volume/activity, generally .005/share
01[13:41] {&Threei}  you don't have the same executions on IB
[13:41] {+cc_9} if you need a demo to try the software, just email me support@(gently edited out)
[13:41] {nemo} nope, not even close
01[13:41] {&Threei}  and you have to have 25K
[13:42] {nemo} 9's system runs very lean on the computer also
[13:42] {+cc_9} its a light system
[13:43] {nemo} yeah, and considering the functionality of the charts, which are quite extensive, it's even more impressive
[13:43] {nemo} I wish it made better cappucino though
01[13:44] {&Threei}  cappucino?? don't tell me you drink that crap
[13:44] {bbobr} Will look into it, thanks
[13:45] {nemo} well, espresso
[13:48] {Alexs} what's wrong with execution on IB?
01[13:49] {&Threei}  try real broker, you'll see :)
[13:49] {nemo} doesn't compare Alex
[13:49] {Alexs} i'm using lightspeed
[13:49] {Alexs} works very good
[13:49] {nemo} Lightspeed good functionality but their execution is not great
[13:50] {nemo} it's a heavy system with latency problems
[13:51] {+cc_9} LSP is good, but they are retail
[13:51] {bbobr} Can you trade right on the chart on that platform ?
[13:51] {Alexs} if I see a price on level II i get it never had a problem
01[13:51] {&Threei}  why do you think you didn't get this morning's opening call?
[13:52] {nemo} alex, if you have market order you'll always get it
[13:52] {nemo} but that can be dangerous
[13:52] {Alexs} just didn't want it with 2 cents, call was late
01[13:52] {&Threei}  no
01[13:53] {&Threei}  price was there
01[13:53] {&Threei}  briefly but was
01[13:53] {&Threei}  you couldn't catch it in time because of latency
[13:53] {Alexs} never use market order
[13:53] {Alexs} to eneter a trade
01[13:53] {&Threei}  with DMA the chance to get it was much higher
[14:00] {Alexs} as I know lightspeed is a DMA
01[14:01] {&Threei}  alex... just try it
01[14:01] {&Threei}  many went this road, and the difference is not something they imagined
[14:01] {nemo} Alex I've used Lightspeed, DAS, Laser, Takion...Lightspeed is not as good from an execution standpoint.  It's that simple
[14:01] {Alexs} can I try it with no money?
01[14:02] {&Threei}  demo, yes
[14:02] {nemo} you can get a demo I believe but the fills won't be real
[14:02] {Alexs} that's what I mean
[14:03] {Alexs} demo works well all the time
01[14:03] {&Threei}  OK
01[14:03] {&Threei}  don't :)
[14:03] {nemo} yeah, fine...don't believe us, fuck it.
01[14:03] {&Threei}  this is a suggestion, not a matter of arguing
[14:03] {Alexs} how much deposit to try
[14:06] {+cc_9} Min account start is $2,500
[14:06] {+cc_9} You get about $50k to daytrade with
[14:06] {+cc_9} But if you want to be super duper cheap and just to "test", I can allow for $1k for a test account you can either keep after that or close.
[14:07] {Alexs} sounds nice :)
01[14:07] {&Threei}  LOL, you can open whole account with your August winnings
01[14:08] {&Threei}  and 1:20 margin? can you get this with your IB?
[14:10] {bbobr} no
[14:10] {Alexs} lets make little bit more today so I can try it with todays winnings
01[14:11] {&Threei}  man... those progressives... never enough {GGG}
[14:11] {Alexs} lol
[14:17] {nemo} ok everything doing the vwap shuffle right now
01[14:24] {&Threei} Long Setup:  CAT  .70 break
01[14:24] {&Threei}  If holds  .60
[14:24] {Alexs} hl?
01[14:25] {&Threei}  looks slow eniugh for 2/3
01[14:25] {&Threei}  or 3/4
[14:25] {Alexs} thanks
[14:31] {dino} cc9, you can daytrade on your platform with as little as $2k? what platform is it?
[14:32] {nemo} DAS trader
[14:32] {+cc_9} Yes can
[14:32] {+cc_9} Let me get you link
[14:33] {+cc_9} http://www.(gently edited out)
[14:33] {+cc_9} Some screen shots you can view
[14:33] {fish_49} cat still a trade?
01[14:33] {&Threei}  if course
[14:33] {nemo} Yeah, but it's very flexible as far as layouts and charts
01[14:33] {&Threei}  of
[14:33] {fish_49} was away then reading
01[14:34] {&Threei}  slowly clawing its way through to 1:1
[14:34] {fish_49} oh already triggered
01[14:34] {&Threei}  yes
01[14:34] {&Threei}  havn't hit 1:1 yet so if pulls back, get it
01[14:34] {&Threei}  ok... 1:1
01[14:34] {&Threei}  that's it alex, no excuses
06[14:34] * &Threei slaps Alexs around a bit with a large roll of cash
[14:34] {fish_49} what platform were we talking about 1:20 leverage
[14:35] {Alexs} love it
[14:35] {Alexs} that's what O promised
01[14:35] {&Threei}  one offered by cc9, fish...
[14:35] {fish_49} ahhh the replacement to laser?
01[14:36] {&Threei}  yes, or I would say, it's successor
01[14:36] {&Threei}  its
[14:36] {fish_49} cc u still there?
[14:37] {nemo} electronically speaking
[14:37] {fish_49} since it's offshore do they report earning to IRS?
[14:37] {fish_49} lol
[14:38] {+cc_9} I am here.
[14:38] {+cc_9} Who is "they" ?
[14:38] {+cc_9} Traders or firm ?
[14:38] {fish_49} firm
[14:38] {+cc_9} Firm is offshore, does not need to report anything
01[14:41] {&Threei}  (SY) US State department: Political solution is the only option in Syria; military options being discussed are limited and not aimed at regime change- Does not see this as being similar to Iraq
[14:42] {nemo} just keep a jar of KY jelly on your desk and work on your lower back flexibility
[14:44] {dino} confused, if offshore, does firm issue k9's or do you get 1099's?
[14:44] {+cc_9} We don't issue anything.
[14:44] {+cc_9} At the end of fiscal year, traders export their reports
[14:44] {+cc_9} for yearly P&L
[14:44] {dino} ok
[14:44] {+cc_9} and they use it for their tax purposes.
[14:47] {fish_49} I wont tell Big Brother if you don't tell Big Brother
[14:47] {nemo} Lubyanka for you
[14:48] {dino} big bro is already reading this i bet
[14:48] {fish_49} Translate that  Vad
01[14:48] {&Threei}  Lubyanka - street in Moscow where KGB offices were located
[14:50] {fish_49} I report all
01[14:50] {&Threei}  so do I
01[14:50] {&Threei}  to the cent
01[14:50] {&Threei}  to half cent
01[14:51] {&Threei}  even though they did away with pennies
[14:51] {fish_49} fuzzy math here  I round up to the nearest thousand
[14:51] {dino} still have pennies here
01[14:51] {&Threei}  we don;t anymore up in Canada, other than elctronic :)
[14:53] {dino} i like pennies, they make great ball markers on the greens
[14:53] {dino} this has been the slowest month that i can remember. afternoons are d e a d
[14:54] {nemo} still better then Les' sex life
[14:54] {fish_49} hahahahahha
[14:54] {fish_49} holiday week
[14:54] {dino} lol
01[14:54] {&Threei}  lol
01[14:55] {&Threei}  nemo is gearing up
[14:55] {nemo} poor bastard
01[14:55] {&Threei}  dino, slow yes, but surprisingly proftable
[14:55] {dino} i'm light this week
[14:55] {nemo} Dino, you watch any "Justified" yet?
01[14:56] {&Threei}  normaly it was July that provided more or less decent resault with Aug being very dead... this year it's opposite, tough July but nice Aug
[14:56] {Alexs} since I joined that trade room August is the best month
[14:56] {dino} no nemo, been falling asleep on couch too early. fighting a bad cold for last 2 weeks
01[14:57] {&Threei}  usually we have the best season in the fall
[14:59] {nemo} modern day Western based on an Elmore Leonard story
[14:59] {dino} what night is it usually on/
[15:00] {nemo} How big are your monitors Dino?
01[15:01] {&Threei}  wow, that's very personal question
01[15:01] {&Threei}  and... plural???
[15:01] {dino} 18
[15:01] {nemo} Ya' know, I had that fleeting thought, but with Les not here, I figured nobody would say anything
[15:01] {nemo} shoot yourself Vad
01[15:02] {&Threei}  why, I have to provide worthy substitution
[15:02] {nemo} anti-worthy in Les' case
01[15:02] {&Threei}  thankfully alex helped me out with ese's absence, taking on proigressibe role
[15:02] {nemo} he's in Brookly, I'll take care of that
01[15:03] {&Threei}  and I don't know what I;d do about toads should cc9 take leave of absence
01[15:09] {&Threei} Short Setup: C  .60 break
01[15:10] {&Threei}  If holds  .70
[15:22] {Alexs} valid?
01[15:23] {&Threei}  watching... maybe recalibrate it if bounces one more time
01[15:24] {&Threei}  no bounce... valid as it is
01[15:24] {&Threei}  but if goes over .65, let's make .65 recross a trigger
01[15:29] {&Threei}  half out
[15:29] {fish_49} out in full
01[15:29] {&Threei}  stop to .66
[15:29] {fish_49} thanks Vad
01[15:30] {&Threei}  yw sir
01[15:30] {&Threei}  stop to .61
[15:34] {robbers} out in full, thanks for the nice call.
01[15:35] {&Threei}  1:2
01[15:35] {&Threei}  yw :)
[15:37] {dino} calling it a day, thx
01[15:37] {&Threei}  take care dino
[15:37] {fish_49} tc  Dino
[15:45] {fish_49} good night all
[15:45] {fish_49} Thanks Vad
01[15:45] {&Threei}  thank you all
01[15:45] {&Threei}  have a great evening
01[15:45] {&Threei}  see you tomorrow
[15:46] {bbobr} gn all
[15:47] {Alexs} good night fat cats :)
[15:47] {nemo} svena madka
[15:48] {Alexs} spokoinoy nochi nemo
[15:50] {bbobr} Is it Brooklyn's saying ?
[15:50] {Alexs} da
[15:50] {nemo} sheesh
[15:53] {+cc_9} later folks

Aug 28 2013

Well, we planned to try shorting into bounces and did it today. 1:4 and them some, and look at the beautiful setup on this one

Very nice day overall, with many good trades throughout the day.


Session Time: Wed Aug 28 00:00:00 2013
[09:12] {dino} gm
01[09:12] {&Threei}  morning dino :)
[09:12] {RonS} howdy
01[09:12] {&Threei}  ron :)
[09:13] {cipher} gm
01[09:14] {&Threei}  cipher :)
[09:16] {fish_49} gm all
[09:17] {fish_49} pending homes sales today and petro  anything I missed?
01[09:17] {&Threei}  fish :)
01[09:17] {&Threei}  missed good day yesterday, with 1:3er called specufucally for you
[09:18] {fish_49} I seen it on Face book and was drooling
[09:18] {fish_49} DBI?
01[09:18] {&Threei}  yup
01[09:19] {&Threei}  - 10:00 {US) July Pending Home Sales M/M: 0.0%e v -0.4% prior; Y/Y: 7.9%e v 9.1% prior
[09:19] {fish_49} Wife had dental surgery yesterday and was scared  so I had  to hold her hand  and missed a day of trading
[09:19] {fish_49} lol
[09:22] {robbers} And in return, she holds your hand while trading?
[09:22] {fish_49} omg  no
01[09:22] {&Threei}  lol
[09:22] {fish_49} I just kicked her out of the office....
[09:23] {robbers} Kidding, especailly if it was your mouse hand.
[09:23] {fish_49} lol
[09:23] {robbers} No mouse, no trades.
[09:23] {dino} no less, no more
01[09:23] {&Threei}  wait... you guys never got the "eye command" software enabled??
[09:23] {robbers} No Les, no hassles.
01[09:24] {&Threei}  ask cc9 when he is in
[09:24] {dino} value added research, deutsche bank raises tif to 73 target, hold. tif currently trades at 79
01[09:25] {&Threei}  lol
[09:27] {+cc_9} gm
01[09:28] {&Threei}  cc9 :)
[09:28] {fish_49} Eye Command Software
[09:28] {fish_49} ?
[09:29] {fish_49} like a left handed screw Driver?
01[09:29] {&Threei}  unstead of mouse... you just move your eyes and blink to send orders
01[09:29] {&Threei}  cc9 provides access to it
[09:29] {Alexs} gm
01[09:30] {&Threei}  alex :)
[09:30] {fish_49} ohhhhhh  Bet that works well with lil vodka
01[09:30] {&Threei}  crap, C
01[09:30] {&Threei}  wanted short entry
[09:31] {+cc_9} GDX long ?
01[09:31] {&Threei} Short Setup: GDX  .60 break
[09:31] {nemo} would look to short it in the .85 area
01[09:31] {&Threei}  If holds  .65
[09:31] {+cc_9} keeping an eye on JOY
[09:32] {fish_49} News  today?
[09:32] {fish_49} Earnings?
01[09:32] {&Threei}  just don't blink... you may buy it inadvertently
01[09:34] {&Threei} Short Setup: C  .90 break
01[09:34] {&Threei}  If holds  .95
01[09:35] {&Threei}  1:1
[09:35] {fish_49} out half
[09:36] {+cc_9} Pending home sales @ 10:00
01[09:36] {&Threei}  1:2
[09:36] {fish_49} out 1/4
01[09:37] {&Threei}  frikin GDX
[09:37] {+cc_9} indexes coming back slightly
01[09:38] {&Threei}  out last 1/4 C on a trail
[09:38] {fish_49} Out C  thanks Vad
01[09:38] {&Threei}  yw
01[09:38] {&Threei}  disciplined trading
[09:38] {fish_49} I trailed stop to .81
01[09:38] {&Threei}  yup
01[09:38] {&Threei}  GDX, you SoMG
[09:39] {fish_49} translation needed  SoMG
[09:39] {fish_49} I'm sure it's not nice
01[09:39] {&Threei}  son of a motherless goat
[09:39] {fish_49} lol
[09:39] {fish_49} lol
[09:39] {nemo} better than being the son of a Jackal
01[09:42] {&Threei} Short Setup: GDX  .60 break
01[09:42] {&Threei}  If holds  .65
[09:43] {dino} bws hl l .40
[09:44] {+cc_9} I think today is the major reversal day we've been waiting for.
01[09:44] {&Threei}  who's we
[09:44] {Alexs} lol
[09:44] {+cc_9} me, loaf and toad.
[09:44] {nemo} yeah white man
[09:44] {fish_49} out GDX
01[09:45] {&Threei}  I for one prefer falling market
[09:45] {fish_49} Plunger Boy
[09:45] {nemo} I prefer anarchy
01[09:45] {&Threei}  are you kidding me GDX
[09:45] {+cc_9} Yes, but DIA looks poised for a 150 dead cat test before anything
01[09:48] {&Threei}  can't believe it did it twice
[09:48] {fish_49} Blinked at wrong time?
01[09:49] {&Threei}  I guess... cc9, we need to fine tune that asoftware
[09:49] {dino} gut still says we're in buy the dip market
01[09:49] {&Threei}  again... oh no
01[09:50] {&Threei}  I like whack-a-mole so much more
[09:50] {nemo} I would expect potential consolidation area today until Syria resolves itself
[09:51] {fish_49} I thought already resolved...Russia and China said stay away
[09:51] {nemo} don't quit your day job
[09:51] {dino} he'll throw a couple missles out and thats it. already gave time for assad to hide
[09:51] {fish_49} no missles
[09:52] {dino} he doesn't have the guts to do that
[09:52] {fish_49} Kerry has backed himself into a corner
[09:52] {dino} maybe he'll "lead from behind" france
[09:53] {fish_49} now they are looking for easy way out of the corner
[09:54] {dino} only way he reacts if politicaly incorrect talk starts over there
[09:55] {nemo} the spread variability in nugt is impressive
[09:55] {nemo} I think it would be easier to trade BRKA
[09:55] {+cc_9} Here is how it will play out : cruise/tomahawk missiles at night, flatten airports and surface-to-air. Cargo in a ton of ammo for Al Nusra {our allies) in the hopes of forcing Assad into a corner.
[09:56] {nemo} yeah, pretty advanced air defenses, unless of course Russia has given us the back-doors
[09:57] {nemo} Maybe we sent them a printer
[09:57] {dino} our another nsa guy
[09:57] {+cc_9} S-300 are pretty effective, but 200+ cruise missiles firing within 24 hours are hard to counter.
[09:58] {nemo} what u say dino?
[09:58] {nemo} ahhh
[09:59] {nemo} before the beginning of the first Iraq war, Saddam's air defense system bought a printer
[09:59] {nemo} unfortunately, it had a little extra programming in it
[09:59] {dino} ahh
[09:59] {+cc_9} Housing data should be out any second now
[09:59] {nemo} courtesy of Fort Meade by way of IBM
01[10:00] {&Threei}  *{US) JULY PENDING HOME SALES M/M: -1.3% V 0.0%E; Y/Y: 8.6% V 7.9%E
[10:01] {+cc_9} flop
[10:02] {fish_49} expectation was -1.0?
[10:03] {+cc_9} yes, and real was -1.3
[10:05] {+cc_9} http://img819.imageshack.us/img819/4861/d7b8.jpg
01[10:07] {&Threei} Short Setup: WMT  .50 break
01[10:07] {&Threei}  If holds  .55
[10:08] {fish_49} missed it
01[10:08] {&Threei}  ?
[10:08] {fish_49} oops
01[10:08] {&Threei}  Invalidated
[10:09] {fish_49} Need new glasses  I see VMT
[10:09] {fish_49} damn
[10:10] {nemo} sheesh, joy walking the ledge
01[10:10] {&Threei} Short Setup: BBRY  .35 break
[10:10] {fish_49} numbers are at 11 am  right?
01[10:10] {&Threei}  If holds  .40
01[10:13] {&Threei}  meh
[10:13] {fish_49} out
[10:13] {+cc_9} JOY, won't touch till .75 bid
[10:13] {nemo} that's vwap might fail there
[10:14] {+cc_9} GDX 5min's candles look silly. Alternating.
[10:15] {nemo} bear flag
[10:17] {dino} safe hl l .18 ave
[10:19] {fish_49} safe?
[10:20] {dino} safm
01[10:20] {&Threei} Short Setup: CAT  .80 break hl
01[10:20] {&Threei}  If holds  .90
01[10:21] {&Threei}  1:1 if you got it
[10:21] {fish_49} half
[10:23] {fish_49} out in full
[10:23] {fish_49} ty Vad
01[10:24] {&Threei}  yw
[10:26] {+cc_9} Long SPY here, looking for 164 breakout and reversal. Sitting @ wall for now
[10:26] {dino} rcl hl l .95
01[10:29] {&Threei}  *{US) DOE CRUDE: +2.9M V -0.5ME; GASOLINE: -587K V -1ME;
[10:31] {nemo} range day shaping up
[10:34] {dino} tif sm l .20
[10:36] {+cc_9} meh bounce, looking for more
[10:55] {+cc_9} SPY reversal slow and steady
[11:08] {+cc_9} test
[11:09] {fish_49} Obama administration officials say they are still at the point of determining what the U.S. hopes to achieve with a punitive military strike before proceeding with any action
[11:09] {fish_49} lets study it and hope the problem goes away
01[11:10] {&Threei} Long Setup:  CAT  .10 break
01[11:10] {&Threei}  If holds  .82
01[11:11] {&Threei}  Invalidated
01[11:12] {&Threei}  valid again
01[11:15] {&Threei}  invalidated again
01[11:19] {&Threei}  valid again
01[11:20] {&Threei}  this is like that device with button "F{*& On/F{*& Off
[11:21] {RonS} lol
01[11:21] {&Threei}  1:1
[11:21] {fish_49} out half
[11:21] {+cc_9} JOY there she goes
01[11:22] {&Threei}  1:2
[11:22] {fish_49} nice push
01[11:23] {&Threei}  out on a trail
01[11:24] {&Threei}  grrr... 1:3
[11:24] {fish_49} out in full thanks Vad
01[11:24] {&Threei}  :)
[11:26] {+cc_9} JOY } $50.00 :D
01[11:28] {&Threei}  grrr... 1:4
01[11:28] {&Threei}  Attacks on Syria in reprisal for its use of chemical weapons may be starting a bit later than expected yesterday as indications of more deliberation by the administration have emerged. Reports suggest that the Obama Administration is still crafting its response, while the UN said inspectors will not be withdrawn until Sunday, September 1st.
01[11:44] {&Threei}  Tesla Motors Hearing weakness attributed to vague chatter regarding battery problems
[11:50] {+cc_9} Here comes the push
01[11:56] {&Threei} Long Setup:  GDX  .80 break
01[11:56] {&Threei}  If holds  .75
[11:59] {+cc_9} SPY reversal so far so good, same idea since the open.
[12:04] {fish_49} meh
[12:04] {fish_49} x 2
[12:04] {fish_49} I thought it was ready to Lock and Low
[12:04] {fish_49} that's Korean for Rock and Roll
01[12:05] {&Threei}  things I learn...
[12:05] {fish_49} lol
[12:05] {fish_49} Koreans can't pronounce the letter R
[12:13] {Will49} Weekly check-in
01[12:13] {&Threei}  hey will
[12:13] {Will49} hey
[12:13] {RonS} hi Will
[12:13] {dino} hi will
[12:13] {Will49} am jealous of your August results :{
[12:13] {fish_49} afternoon Will
[12:13] {Will49} hi dino, fish
[12:14] {Will49} that'll teach me for taking time off
[12:14] {Will49} hi Ron
[12:15] {Will49} see ya again Sep 3
[12:17] {fish_49} Have a great day all.  Thanks Vad...  Gotta run
01[12:18] {&Threei}  take care fish
[12:23] {dino} out rcl .30, +.35
[12:27] {+cc_9} SPY still going, so far so good. tgt 164.60 from initial entry of 163.76
01[12:32] {&Threei} Short Setup: CAT  .20 break
01[12:32] {&Threei}  If holds  .25
[12:55] {nemo} gdx vad
01[12:59] {&Threei}  don't see anything definitive
01[13:00] {&Threei}  bobbing up and dpwn
01[13:00] {&Threei}  I mean fown
01[13:00] {&Threei}  with toad on its back
[13:14] {+cc_9} UBNT looking for a fade at some point, too big a run, no profit taking
01[13:35] {&Threei}  {DE) Germany Fin Min Schaeble: Would reject coalition government with the SPD party, Steinbrueck's SPD party would threaten progress the present government has already achieved- Warns that ESM funds would be rapidly exhausted if it was used for retroactive bank recapitalizations. - The figure of €10-11B in aid through 2016 mentioned by Greece looks plausible.
01[13:35] {&Threei}  I don't think I am going to live that long but I can see clearly the headline: 2050, Greece asked for another 15B
01[13:37] {&Threei} Long Setup:  GDX  .45 break
01[13:37] {&Threei}  If holds  .40
[13:43] {dino} 10 b here 10 b there, pretty soon it starts to add up
01[13:44] {&Threei}  yeah but the idea is to get the lenders in so deep, they havbe no choice but continue lending
01[13:44] {&Threei}  if I am not mistaken, this practice is called "kiting" in bank slang
[13:47] {RonS} http://en.wikipedia.org/wiki/Check_kiting
01[13:48] {&Threei}  1:1
01[13:50] {&Threei}  education continues Ron, lol
[14:02] {RonS} actually J Paul getty popularized the concept with the quote in the '60's:  If i owe the bank $1 million, they own me, if i owe the bank $100 million I own them...
01[14:03] {&Threei}  yup
01[14:04] {&Threei}  stop to .49
01[14:09] {&Threei}  1/4 more out
01[14:10] {&Threei}  stop to .54
[14:37] {dino} always heard it differently. if i owe the bank 100k its my problem. if i owe bank 1 million, its their problem
[14:39] {dino} right now i think its more germany's problem than greece
[14:39] {RonS} coulda been...like Senator Dirkson's quote about "a million here, a million there, and pretty soon it adds up to real money"...
[14:39] {dino} wsm crazy train
[14:40] {dino} 59 to 61 to 58 in minute
01[14:40] {&Threei}  it's very true dino
01[14:42] {&Threei}  {SY) US State Department: Cannot let diplomatic paralysis to prevent action on Syria, will take "appropriate measures" in the coming days- Syria cannot hide behind Russia at the UN.
[14:42] {dino} rgld drop
01[14:42] {&Threei}  NYSE volume 285M shares, about 21% below its three-month average; - NASDAQ volume 856M shares, about 18% below its three-month average;
01[14:42] {&Threei}  miners are getting hit hard
01[14:43] {&Threei}  and we are not short GDX :{
01[14:54] {&Threei} Short Setup: SLW  27 break
01[14:54] {&Threei}  If holds  .05
01[14:57] {&Threei}  1:2
01[14:59] {&Threei}  fish will be crying
01[15:01] {&Threei}  out in full
01[15:01] {&Threei}  .55
01[15:02] {&Threei}  +.43
01[15:02] {&Threei}  cah I go home?
01[15:04] {&Threei}  Alex, this is what you wanted yesterday... shorting into bounces
[15:04] {Alexs} love it ty
01[15:04] {&Threei}  your wish is my command
[15:05] {Alexs} lol
01[15:05] {&Threei}  you ordered, I delivered
01[15:12] {&Threei}  missed juicy one, robbers
[15:13] {robbers} Darn, my trading platform was messed up.
[15:13] {robbers} Or I was, one or the other.
01[15:13] {&Threei}  well, for the former, cc9 can help
01[15:13] {&Threei}  for the latter... hmmm
01[15:14] {&Threei}  but look at this beauty: http://goo.gl/7pk2X5
[15:15] {robbers} Wow, now I feel worse.
01[15:15] {&Threei}  nemo made me do it
[15:15] {robbers} But happy for you guys, nice one.
[15:16] {robbers} Let's try that again now that I'm back up.
[15:25] {dino} out bws .50, +.10
[15:26] {dino} all dayer, safm to .33
01[15:29] {&Threei} Long Setup:  SLW  .30 break
01[15:29] {&Threei}  If holds  .25
01[15:32] {&Threei}  1:1
[15:37] {dino} out tif .10, -.10
01[15:38] {&Threei}  1:2
[15:38] {robbers} Out in full, thanks.
01[15:38] {&Threei}  yw... that was your speical
01[15:38] {&Threei}  man... I feel like delivering them custom-ordered
01[15:39] {&Threei}  one for alex, one for robbers
[15:39] {robbers} The "robbers" call, how appropriate for a winning trade.
[15:39] {nemo} what are you blaming me for?
01[15:39] {&Threei}  practically everything
01[15:39] {&Threei}  agree, you are very convenient for that
[15:39] {nemo} ahhh....true brow beaten husband
[15:40] {dino} you'd make a good waiter vad
01[15:40] {&Threei}  lol
01[15:41] {&Threei}  chef rather
[15:41] {nemo} http://bo.st/1dQA2pv
01[15:41] {&Threei}  I am not just bringing them, I am cooking therm
[15:43] {Alexs} and eating them too
01[15:43] {&Threei}  lol, best of both worlds
[15:47] {robbers} Thanks again, Vad, that last call made a good day even better.  Appreciate it.
[15:47] {dino} out safm .34, +1.14, took all day
[15:47] {robbers} It was worth it though, wtg.
01[15:47] {&Threei}  :)
01[15:48] {&Threei}  nice one dino
[15:48] {dino} indeed and thx
[15:49] {nemo} spy is trying to hold a longer term trend line which is intersecting the 164 level
[15:52] {dino} seas drop
[15:54] {dino} news leak/earnings?
[15:54] {dino} sm l .75
01[15:54] {&Threei}  SeaWorld Entertainment Reportedly cuts ticket prices at SeaWorld theme parks due to declining attendance - financial press
[15:56] {dino} out seas .07, +.32
01[15:56] {&Threei}  nice finish to the day
01[15:56] {&Threei}  thank you all, have a great evening
01[15:56] {&Threei}  see you tomorrow

Aug 27 2013

Not only this one is a 1:3er on a classic DBI setup, it's a third successful short on this stock in one day. Wait for the log to be posted to see previous, including "deja vu setup."

Ended up with another very strong day. Interesting to see whether this is fluke, or we are into pattern of selling every bounce now. Such markets are much easier to trade, so not particularly upset if that's the change we face. 

Session Time: Tue Aug 27 00:00:00 2013
[09:20] {RonS} gm & bombs away...
01[09:20] {&Threei}  morning ron
[09:21] {nemo} since we know they don't give a shit about a few hundred thousand people getting gassed, what's this one really about?
[09:22] {+cc_9} gm
01[09:22] {&Threei}  cc9 :)
[09:22] {+cc_9} nemo, geopolitical domination
[09:23] {RonS} the ubiquitous line in the sand an the O's hurt feelings?
01[09:23] {&Threei}  who knows... saving face on the world scene... distracting from economic troubles...
[09:23] {nemo} duh, more specifically please...
[09:23] {nemo} who are Syria's main sponsors?
01[09:23] {&Threei}  showing that Putin Kuzkina mat...
[09:23] {nemo} ahhh
[09:23] {nemo} well, if we see him take off his shoe at the podium
[09:24] {+cc_9} Isolate Iran (even though they never were a threat), put a wall between them and Lebanon. Facilitate Saudi oil pipelines through Syria and the list goes on
[09:24] {cipher} gm
[09:24] {nemo} secure Israel to the north and from Hezbollah through Iran
01[09:24] {&Threei}  cipher :)
[09:24] {nemo} Iran is a threat as one of their main sponsors
[09:25] {+cc_9} Iran is an imaginary boogie man, they are a threat to no one
[09:25] {nemo} they fight by proxy through Hezbollah
[09:26] {+cc_9} Since when a few fire crackers tossed at random a threat
[09:26] {dino} gm
01[09:26] {&Threei}  dino :)
[09:26] {+cc_9} Its like saying farmers in tora bora are a threat to our freedom. Its all bs and its bad for you.
[09:26] {+cc_9} Anyways, lets get a nice reversal on SPY for a bounce trade :D
[09:27] {Alexs} gm
[09:27] {nemo} looks bear flaggish to 164 test
[09:27] {bbobr} gm
01[09:27] {&Threei}  alex, bbobr :)
[09:28] {robbers} The attack probably won't be till Monday, there's a UN team on the ground till then.  Hooray, more volitility.
[09:29] {nemo} monday is Labor Day
01[09:29] {&Threei} Short Setup: C  .80 break
01[09:30] {&Threei}  If holds  .90
[09:30] {dino} thousands  die by guns, we sit back. cjhe
[09:30] {dino} chemicals used we act
01[09:30] {&Threei}  stop to .86
01[09:31] {&Threei}  meh
[09:31] {nemo} gdx at the gap
01[09:31] {&Threei} Short Setup: GDX  .25 break
01[09:32] {&Threei}  If holds  .33
[09:32] {+cc_9} SPY tgt 165.125
01[09:33] {&Threei}  stop .31
01[09:33] {&Threei}  half out
01[09:33] {&Threei}  .16
01[09:34] {&Threei}  stop .26
01[09:34] {&Threei}  1/4 more out
01[09:34] {&Threei}  .08
01[09:34] {&Threei}  stop .21
[09:36] {RonS} good one here +.19  ty
01[09:37] {&Threei}  :)
[09:39] {+cc_9} love today's setups, nice gap down, purdy reversal
[09:40] {nemo} Hearing the theme song from Deliverance
[09:40] {RonS} yrcw showing extreme pulp moves...
01[09:41] {&Threei} Short Setup: GDX  .25 break
01[09:41] {&Threei}  If holds  .30
[09:43] {+cc_9} CPRX another pulpy play ron
[09:44] {RonS} unxl 46% float short and into a gap
[09:46] {dino} sm l bws .75
01[09:47] {&Threei}  deja vu setup, my recent addition to the arsenal
01[09:47] {&Threei}  1:1
[09:47] {+cc_9} SPY on cruise control
[09:47] {nemo} 165 test
[09:47] {robbers} Nice double-dip on GDX, thanks.
01[09:47] {&Threei}  :)
01[09:48] {&Threei}  double dip is what george costanza does with chips
[09:48] {+cc_9} Keep an eye on TIF
[09:49] {nemo} tif at breakout support on daily
01[09:49] {&Threei}  Olympus Japan sent out an official invitation for a touch and try session with the new “Flasgship camera” and lenses. It will take place on Friday September 13 in Tokyo.
01[09:49] {&Threei}  ok... I am off to Tokyo
[09:49] {dino} watching tif too nemo
[09:50] {dino} ibn sm l .20
[09:50] {+cc_9} cc_9 SPY tgt 165.125
[09:50] {+cc_9} closing in.
[09:50] {+cc_9} And then calling it a day
[09:51] {dino} tif sm l .75
[09:51] {dino} .65 that was
[09:52] {nemo} hey CC, spy might want to get back to the 50 day today
[09:52] {dino} out tif .10, +.45
01[09:53] {&Threei}  wtg
[09:54] {+cc_9} good work on TIF
[09:55] {dino} rcl hl l .91
[09:57] {dino} ty
01[09:58] {&Threei}  1/4 more out
01[09:58] {&Threei}  stop to .21
01[09:58] {&Threei}  let's see how far deja vu goes
01[09:59] {&Threei}  out in full
01[09:59] {&Threei}  .98
[10:01] {RonS} wtg
01[10:03] {&Threei}  ty
01[10:03] {&Threei}  ugh... wanted to get reversal too
[10:03] {Alexs} precise work Vad ty
01[10:03] {&Threei}  but it jumped with no setup
01[10:03] {&Threei}  yw sir
[10:08] {dino} safm
01[10:09] {&Threei} Short Setup: MCD  .93 break
01[10:09] {&Threei}  If holds  95
[10:11] {+cc_9} You are not confident in their new chicken wing release @ Macdo ?
[10:12] {Alexs} still valid?
01[10:12] {&Threei}  I am confident it's another McCrap
01[10:12] {&Threei}  no, I don't think so
[10:13] {+cc_9} DDD on close watch
[10:13] {dino} safm sm l .05
[10:13] {+cc_9} Looking for a TIF type bounce
[10:13] {+cc_9} SPY stuck @ same pps for 10mins
01[10:16] {&Threei} Long Setup:  JCP  .35 break
01[10:18] {&Threei}  If holds  .30
01[10:19] {&Threei}  meh
[10:21] {dino} tif drop
[10:24] {nemo} crm looks short
[10:25] {+cc_9} SPY falling apart, last intraday support 164.25 about to test
[10:25] {nemo} have gap down to 164
[10:27] {nemo} you buying 164 9?
01[10:28] {&Threei} Long Setup:  IWM  .80 break
[10:28] {+cc_9} vol hasn't picked up yet on this downside
01[10:28] {&Threei}  Invalidated
[10:28] {nemo} .70 area is the 50 day vad
[10:29] {nemo} xlf volume spike
[10:29] {+cc_9} Bloomberg "geopolitical uncertainty cause for market downside today"
[10:29] {+cc_9} really now...?
[10:29] {nemo} wow, what intuitive genius
[10:30] {dino} noah gap fill
[10:30] {dino} sm l .00
[10:31] {nemo} xlf was the tell on this low
01[10:34] {&Threei} Long Setup:  IWM  .70 break
[10:34] {nemo} 50 day right here
01[10:34] {&Threei}  If holds  .65
[10:35] {+cc_9} SPY needs to hold this level, any break below 164.125 we get serious selling pressure
[10:36] {dino} out rcl .20, +.29
[10:36] {nemo} they didn't throw alot of volume at iwm there
01[10:37] {&Threei}  1:1
[10:43] {+cc_9} should be good to g onow
01[10:44] {&Threei}  1/4 more out
[10:45] {dino} bofi drop
01[10:47] {&Threei}  stop .74
01[10:48] {&Threei}  closed
[10:48] {robbers} Thanks, IWM.
01[10:48] {&Threei}  yw
[10:51] {+cc_9} vol still low SPY on fresh lows
[10:54] {+cc_9} 10:36 cc_9 SPY needs to hold this level, any break below 164.125 we get serious selling pressure
[10:54] {+cc_9} LOD on the nose for now, lets see if holds.
[10:56] {+cc_9} there she goes
[11:12] {RonS} test
01[11:12] {&Threei}  pass
[11:12] {+cc_9} pass
[11:13] {RonS} took safm 64.95 to 65.95  +1.00 thanks dino
01[11:14] {&Threei} Short Setup: GDX  .85 break
01[11:14] {&Threei}  If holds  .90
01[11:14] {&Threei}  wtg ron
[11:17] {+cc_9} Come on SPY...164.75 bid get
01[11:17] {&Threei}  half out
[11:19] {+cc_9} SPY needs to clear this traffic jam
[11:22] {dino} out ibn .50, +.30
[11:24] {+cc_9} come on, get mid .60s already
[11:26] {+cc_9} .70s on deck
[11:27] {+cc_9} IWM still lagging behind
[11:29] {+cc_9} http://img24.imageshack.us/img24/9294/1wf4.jpg
[11:30] {nemo} Oh, I forgot about Incirlik
[11:30] {nemo} no wonder we destabilized Egypt first
[11:31] {nemo} Nuke the whole middle east...we can drill through glass
[11:31] {nemo} was that harsh
[11:31] {+cc_9} Sounded american
[11:32] {nemo} Wir koenned den ganzen Mittel Oest bomben...Wir koennen doch durch Glas reimen
[11:32] {nemo} how's that
[11:32] {nemo} oops koennen
[11:33] {nemo} ah bebohren would work also for drilling
[11:33] {+cc_9} IWM on par now with SPY, should get a tandem move now.
[11:35] {RonS} somg jcp
[11:37] {robbers} Out GDX in full, thanks for the threepeat.
01[11:37] {&Threei}  hehe
01[11:37] {&Threei}  yw
[11:37] {+cc_9} SPY higher highs on intraday time frame. wall .75 then .00
01[11:38] {&Threei}  1:2
[11:39] {+cc_9} French President Hhollande says France "is ready to punish" those who gassed innocents in Syria
[11:40] {+cc_9} France only knows how to fight against 10 nomads from mali holding knives and rusty Aks
01[11:43] {&Threei}  Conflicting headlines suggest that US sources have told the Syria opposition to expect an attack as early as Thursday, while others say the Obama Administration has not yet made up its mind whether or not to pull the trigger
[11:43] {nemo} yeah, but they could send LDF
01[11:45] {&Threei}  1:3, out
01[11:45] {&Threei}  where is fish who complained that all the 1:3ers were spent before his entrance
01[11:53] {&Threei}  reached 1:4
[12:01] {dino} bws sm l .50
01[12:04] {&Threei}  visual http://tradinglog.realitytrader.com/2013/08/aug-27-2013.html
06[12:07] * &Threei welcomes cc9 back
[12:07] {+cc_9} test
[12:07] {+cc_9} pass
[12:08] {+cc_9} SPY LOD test x4. Moment of truth
[12:12] {+cc_9} TNA vol spike
[12:13] {+cc_9} anyone else sees that ?
[12:16] {nemo} I see the volume spike, but since that's derivative of IWM, not sure it means much
[12:19] {nemo} cc, the question now is do you start partialling in a long for a 154 bounce
[12:19] {nemo} 164
[12:19] {nemo} you've got support iwm at .46
[12:20] {nemo} major suport at .58 on xlf
01[12:34] {&Threei}  to distract you and prevent overtrading while market is stalled, http://goo.gl/V0xgSj
[12:37] {+cc_9} DDD long idea, stop loss LOD
01[12:37] {&Threei}  come on, no one like those classic engines of collector cars?
[12:37] {nemo} not my thing...looks nice though
01[12:38] {&Threei}  Alex, fine, he went progressibe last week, he hates cars... but the rest of you lot?
[12:38] {nemo} excuse me...
[12:38] {nemo} dude...that's the ultimate of insults, you are on the list
01[12:38] {&Threei}  ?
[12:39] {nemo} oh, you referring to Alex?
01[12:39] {&Threei}  you have some kind of reading impairment or what?
[12:39] {nemo} I'll stop while I'm behind
01[12:40] {&Threei}  wow... never thought I'd live to see this
[12:40] {nemo} exception that proves the rule
[12:41] {nemo} oh oh
01[12:41] {&Threei}  wait nemo, I have a car that you will like
[12:41] {+cc_9} there goes the rug
01[12:41] {&Threei}  no news
[12:41] {nemo} here comes the volume
[12:42] {Alexs} in fact all progressives like good cars they just have it and don't talk about it ;)
01[12:42] {&Threei}  that's their standard MO
[12:43] {Alexs} :)
01[12:43] {&Threei}  look at this: https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/1186023_520039801408873_691370006_n.jpg
[12:49] {nemo} eh
[12:56] {+cc_9} +$0.70 on DDD
01[12:56] {&Threei}  nice
[13:08] {dino} gj
01[13:39] {&Threei}  Russia and China warn Syria strike would have "catastrophic consequences"
01[13:39] {&Threei}  for whom?
[13:40] {Alexs} I think for everybody actually
[13:40] {dino} kind of a dreaded double dog dare to obummer
[13:41] {nemo} yeah, but he doesn't have to run for reelection
[13:41] {nemo} allows dems to vehemently stand against him in next elections
[13:41] {nemo} screws republicans
[13:47] {+cc_9} To believe that there are actually parties with different point of views and its all about who to vote in, is naive.
[13:49] {nemo} I understand, but the game is played at multiple levels...bread and circus to maintain the Potemkin village
01[13:49] {&Threei}  I liked toad and pooch theme better...
[13:49] {dino} i find it ironic that you can shoot as many people that you want, but you cannot gas them. death is death to me
01[13:49] {&Threei}  or kings and cabbage
[13:50] {dino} all the prior murders were ok i guess
[13:52] {nemo} nah, bread and circus for the masses
01[13:52] {&Threei}  priorities... no one spoke of boycotting Olympics in Russia while it supported Syria for 2 years, but as soon as gays rights were assaulted, all kinds of celebrities demanded boycott
01[13:52] {&Threei}  things that make me beg to let me off this planet
[13:52] {dino} sure, the politically correct are not grounded in reality
01[13:52] {&Threei}  I would be very comfortable on Titan
[13:54] {+cc_9} Like Vad always says "Its all fund and games until fown to roaf and one screws the toad"
01[13:55] {&Threei}  yup, my favorite saying
[14:03] {+cc_9} headfake after headfake, yea, i think ill wait
[14:23] {robbers} Geez, what is the GDX short now, 1:25?
01[14:25] {&Threei}  lol
[14:25] {Alexs} fb short .75?
01[14:26] {&Threei}  half lot, worth a try
[14:51] {Alexs} GDX volume increases
[14:52] {Alexs} reverse time?
01[14:52] {&Threei}  if dives again under .80, I'd be interested in recross
[14:53] {Alexs} ok
[15:15] {+cc_9} JCP looking for reversal EOD
01[15:23] {&Threei} Long Setup:  GDX  .55 break
01[15:23] {&Threei}  If holds  .50
01[15:34] {&Threei}  feels like we are back to "sell into any bounce" pattern
01[15:34] {&Threei}  I like it
01[15:34] {&Threei}  if that holds, we tend to do very well in such market
01[15:34] {&Threei}  we shoot anything that peeks out of its hole in ground
[15:39] {+cc_9} BREAKING NEWS :  AUSTRALIA IS SENDING 27 FISHING BOATS TO ATTACK SYRIA
[15:40] {+cc_9} someone's gonna get recked, straya' style
01[15:44] {&Threei} Long Setup:  GDX  .20 break
01[15:44] {&Threei}  If holds  .15
01[15:44] {&Threei}  last try
[15:45] {Alexs} I like "sell into any bounce" better
01[15:46] {&Threei}  well, I am not sdure we are fully there yet
[15:47] {+cc_9} IWM catching bids
01[15:47] {&Threei}  and this is legitimate long setup with low risk
[15:47] {nemo} this low on spy Was within a few cents of the weekly S2 so that lokely it
[15:47] {nemo} likely
[15:48] {+cc_9} All this downside and DIA is only down 1%
01[15:48] {&Threei}  1:1
[15:49] {dino} but down 6% in last 25 days
[15:51] {+cc_9} we saw the same pattern for all of June
[15:52] {dino} bounce soon, imo
[15:52] {+cc_9} 146-145 on DIA should give us max ~ 162 on SPY
01[15:53] {&Threei}  ok guys, thank you all
01[15:53] {&Threei}  have a great evening, see you tomorrow
[15:53] {dino} cya
[15:56] {Alexs} gn
[15:59] {dino} gn