Thursday, August 29, 2013

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:
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