Thursday, September 12, 2013

Sept 12 2013

Two trades in one screenshot. Add to that GLD short for 1:3, and you have clear idea how this morning goes



With such morning, couple afternoon stops and three wins on the last hour, no need to tell whether it was a profitable day.


Session Time: Thu Sep 12 00:00:00 2013
[09:10] {RonS} gm
01[09:10] {&Threei}  morning ron
01[09:18] {&Threei}  wrong place will
[09:21] {patel} gm
01[09:21] {&Threei}  patel :)
[09:21] {ese} gm
01[09:21] {&Threei}  ese :)
[09:22] {ese} i went normal ...no capitols
01[09:22] {&Threei}  thank you so much for that
[09:22] {ese} lol
01[09:22] {&Threei}  you were intimidating the hell out of me
[09:22] {ese} hey your welcome
[09:23] {nemo} boy is that an oxymoron
01[09:26] {&Threei}  man, that lecture in NYT
[09:26] {nemo} ?
[09:26] {robbers} Putin?
01[09:26] {&Threei}  yeah
[09:26] {nemo} ahhh
[09:27] {cipher} gm
01[09:27] {&Threei}  cipher :)
[09:27] {drewj} gm
01[09:27] {&Threei}  drew :)
[09:29] {+cc_9} gm
01[09:29] {&Threei}  cc9 :)
[09:30] {+cc_9} LULU NUGT FB
[09:30] {+cc_9} main movers so far
01[09:30] {&Threei} Long Setup:  GDX  .80 brreak
01[09:30] {&Threei}  If holds  .75 
[09:31] {Alexs} gm
01[09:31] {&Threei}  alex :)
[09:31] {+cc_9} LULU trying here
01[09:31] {&Threei} Long Setup:  GDX  .75 break
01[09:31] {&Threei}  If holds  .70 
01[09:32] {&Threei}  late
[09:32] {+cc_9} GDX looking good here Vad
01[09:32] {&Threei}  yeah but wanted .75 trigger
01[09:32] {&Threei}  may give second chance
[09:33] {+cc_9} LULU nice pop
01[09:33] {&Threei}  in
01[09:33] {&Threei}  .76
01[09:33] {&Threei}  same stop
[09:34] {+cc_9} GDX needs to get through .85 bid for a nice move, right now still jammed
01[09:35] {&Threei}  meh
[09:36] {bbobr} gm
01[09:36] {&Threei}  bbobr :)
[09:36] {nemo} between .50-56 for gdx support
01[09:37] {&Threei} Short Setup: JPM  .35 break
[09:38] {+cc_9} ABX/AUY weakness in GDX, NEM off lows
01[09:39] {&Threei}  If holds  .42 
01[09:40] {&Threei} Short Setup: GLD  .40 break
01[09:40] {&Threei}  If holds  .50 
[09:41] {+cc_9} GDX coming back a lil
[09:41] {jdetente} Good morning guys...
[09:41] {+cc_9} Lets see some .80s
01[09:41] {&Threei}  jd, welcome back
[09:41] {jdetente} thanks!
[09:41] {jdetente} good to be back
01[09:41] {&Threei}  missed the best August ever
01[09:42] {&Threei}  man, some have long vacations :)
[09:42] {jdetente} I did read the log off and on...great trading
01[09:42] {&Threei}  cover half JPM
01[09:42] {&Threei}  1:1
01[09:43] {&Threei}  well, then you do know that term SoMG coined by you took its firm place in room vocabulary
01[09:43] {&Threei}  GLD is valid
[09:44] {+cc_9} GDX meh, no follow through, still seesaw
[09:44] {nemo} oh, I thought that was a reference to Les' family tree
[09:44] {jdetente} lol
[09:44] {jdetente} dual purpose
[09:45] {ese} hmmmm can't figure out the momentum on lulu
01[09:45] {&Threei}  just look through those pants, ese
[09:45] {+cc_9} NEM putting a lot of pressure on GDX today
01[09:46] {&Threei}  trail GLD to .46
[09:46] {ese} lol
[09:46] {+cc_9} NEM slamming fresh lows, dragging GDX along
01[09:47] {&Threei}  1:1
01[09:48] {&Threei}  1:2
[09:49] {+cc_9} NEM nonstop selling pressure
01[09:49] {&Threei}  1:3
01[09:49] {&Threei}  man... babies with candies in their extended hands everywhere
[09:51] {+cc_9} As you can see, NEM is literally dictating the move on GDX
[09:51] {nemo} this lw is support on nem
[09:51] {nemo} low
[09:52] {+cc_9} on which time frame nemo
[09:52] {nemo} daily
[09:52] {nemo} fib and price
[09:52] {+cc_9} i see nothing till early 27s
[09:52] {nemo} low of 8/9
[09:53] {nemo} corresponding daily and fib support on gdx
01[09:53] {&Threei} Long Setup:  GDX  .60 break
01[09:54] {&Threei}  If holds  .50 
[09:54] {+cc_9} AUY a little flat, ABX/NEM will give us the read on GDX
[09:55] {+cc_9} RH reversal on 15min
[09:56] {ese} Lulu L .51 out .84 +.33 in a flash
[09:57] {+cc_9} Headlines "gold up on fed tempering fears"
[09:57] {+cc_9} Headlines "gold down on fed tempering fears"
[09:58] {+cc_9} RH still going
01[09:59] {&Threei}  JPM 1:2
[09:59] {+cc_9} LULU @ intraday wall/breakout over it
01[10:00] {&Threei}  a lot of weight on GDX shoulders
[10:01] {jdetente} He's not heavy he's my brother
[10:01] {+cc_9} I agree Vad. AUY NEM ABX need a real turn around from lows
01[10:01] {&Threei}  JPM 1:3
01[10:01] {&Threei}  out
01[10:01] {&Threei}  babues
01[10:01] {&Threei}  candies
[10:01] {Will49} tks Vad
01[10:02] {&Threei}  yw
01[10:04] {&Threei}  GDX 1:1
01[10:05] {&Threei}  "babycandied fields forever"
[10:05] {jdetente} good to be back hehe
01[10:05] {&Threei}  :)
[10:05] {jdetente} tasty babycandy
[10:05] {jdetente} err I mean candy from babies
01[10:06] {&Threei}  now... guess who nailed GDX bottom to the T
[10:06] {nemo} going off the rails here
01[10:06] {&Threei}  [09:36] {nemo} between .50-56 for gdx support
[10:06] {nemo} broken clock moment
[10:06] {jdetente} speaking of where is Les at?
01[10:06] {&Threei}  JPM 1:4
01[10:06] {&Threei}  still slacking
[10:07] {jdetente} I can relate
[10:07] {nemo} I think he get's paroled in October, then he's got the ankle bracelet for a coupla' years
01[10:07] {&Threei}  where is fish
[10:07] {nemo} Maryland
01[10:08] {&Threei}  I'll start demanding a note from parents for all these days of absence
[10:09] {+cc_9} ABX just couldn;t hold it together
[10:10] {RonS} man, fourth day of rain here...feel like back in pacific northwet...
[10:10] {nemo} GDX at the weekly S3
[10:10] {Alexs} where are you Ron?
01[10:11] {&Threei}  Ron... we have a heat wave here
01[10:11] {&Threei}  29C yesterday
01[10:11] {&Threei}  so, about that pacific NW... {G}
[10:12] {+cc_9} NEM/AUY trying, need ABX here
[10:13] {+cc_9} 09:55 cc_9 RH reversal on 15min
[10:13] {+cc_9} lookit now RH
[10:13] {RonS} ya well, thinkin you will get yours soon enough...autumn is always the nicest season there...
[10:13] {nemo} 69.60s gonna be an issue cc
[10:15] {+cc_9} that a boy GDX.
[10:15] {RonS} weird system here...never seen it...stationary H to east/ L to the west pumping in rain from mex...
[10:15] {Alexs} gdx 1:2 btw
[10:15] {+cc_9} nemo, that's quite alright, RH was good enough for a couple points
[10:15] {jdetente} yeah nice call GDX Vad
01[10:17] {&Threei}  :)
[10:17] {RonS} nemo, see any support for JPM?
01[10:17] {&Threei}  JPM 1:5...,. grrr
[10:18] {nemo} 52.65 then52.53
[10:18] {RonS} thanks...was thinking 52.50ish
[10:19] {nemo} db here though
[10:20] {ese} L crus .94
[10:21] {+cc_9} GDX cute now
[10:22] {+cc_9} Good call nemo on supports.
[10:22] {nemo} as I said, broken clockmoment-right twice a day, less if you ask my girlfriend
[10:22] {nemo} or FWB as I like to remind her
[10:23] {nemo} so hard to get sleep whe she's around
[10:23] {nemo} she's always waking me up in the middle of the night for sex
[10:24] {Will49} HEY....trying to trade here
[10:24] {Will49} :)
[10:24] {jdetente} that's pretty good for your age Nemo hehe
[10:24] {RonS} bragging or bitching?
[10:24] {nemo} combination...figure that would piss the most people off
01[10:24] {&Threei}  what's pretty good jd? he never said she succeeds in waking him up
[10:25] {jdetente} ohhh hahah missed that
[10:25] {jdetente} carry on then
[10:25] {nemo} yeah, she hands me a glass of wine, and Ilie there and take it like a man
[10:25] {RonS} lol...until she sics bunny on him...
01[10:25] {&Threei}  lol
[10:25] {nemo} funny you should say that
[10:25] {jdetente} I don't like where this is headed
01[10:25] {&Threei}  GDX 1:3 close enough'
[10:25] {Will49} yikes
01[10:25] {&Threei}  out
[10:25] {nemo} emphasis on "headed"
[10:26] {jdetente} wow
[10:26] {jdetente} and yikes
[10:26] {Will49} tks Vad, I waited :)
01[10:26] {&Threei}  :)
[10:27] {nemo} bunny has been rather curious about our, ahem, coed activities
[10:27] {Will49} sheeesh, a voyeur bunny
[10:27] {jdetente} bunny wants to know what twerking is?
[10:33] {+cc_9} EZCH death
[10:35] {+cc_9} I see a lot of people stuck in that one
[10:43] {nemo} I don't let bunny watch tv
[10:50] {bryl} hey gmorning
[10:51] {Will49} hi brylcream
[10:52] {Will49} see you are on rogers cable, where do you live?
[10:52] {bryl} Toronto
[10:52] {bryl} u?
[10:52] {Will49} cool..went to Ryerson
01[10:52] {&Threei}  hi bryl
[10:52] {Will49} live in Victoria now
[10:52] {bryl} hey there   nice  love that town
[10:53] {bryl} girlfriend works at Ryerson for 20 years now
[10:53] {Will49} Vad, ESE and I all here
01[10:53] {&Threei}  he moved here upon hearing I did
01[10:53] {&Threei}  so did ese
[10:53] {Will49} was that why?
01[10:53] {&Threei}  of course 20 more people moved out for the same reason
01[10:53] {&Threei}  so the balance is more or less kept
[10:53] {bryl} thats the whole population of the island  
01[10:53] {&Threei}  lol
01[10:54] {&Threei}  I wish
[10:54] {Will49} good to have another Canuck in the room
[10:54] {Will49} to balance the energy of our guys from the Warrior Nation to the south
[10:55] {Will49} thank God for them....we wouldn't have the great health care system we have if we had to have a bigger military
01[10:55] {&Threei}  no worry will, Putin seems to control current administration quite effectively
[10:56] {Will49} nice to have big brother next door with his M16 at the ready
01[10:56] {&Threei}  (without said administration having a clue they are being played out)
01[10:56] {&Threei}  mama... JPM...
[10:56] {Will49} true Vad, true
01[10:57] {&Threei}  why did we ever cover that morning short?
[10:57] {bryl} big game of tug of war between sociopaths    politics today
[10:58] {Will49} no kidding
01[10:59] {&Threei}  all true except "today"
[10:59] {bryl} for sure
[11:00] {ese} makes for interesting conversation topics thats for sure
[11:04] {ese} and.............all in all were safe up here with nemo looking out for us down there..would not want to cross paths with that man...not with all his weapons expertise
[11:04] {Will49} and don't forget his killer bunny
01[11:05] {&Threei}  lol
[11:05] {nemo} yeah, she's quite disarming
[11:05] {bryl} is Dell worth looking at here?   
[11:05] {ese} can picture this now......vad doing a trading seminar somewhere and nemo standing just to his left with an M16 resting on his hip.........."go ahead make fun of my trading coach"" I dare Ya"
[11:05] {nemo} It's an M4 configuration
[11:06] {Will49} great image
01[11:06] {&Threei}  4 cents daily range, DELL... what to expect from it??
[11:06] {ese} isn't it though
[11:06] {bryl} snipers are us     that means a whole new marketing campaign    Dell not going to move up a touch more?
[11:07] {ese} not without the market
01[11:07] {&Threei}  I just don't trade stocks like this
01[11:07] {&Threei}  what can it move without some big news
01[11:07] {&Threei}  5 cents?
01[11:07] {&Threei}  look at our today's trades
01[11:07] {&Threei}  GDLD 1:3, GDX 1:3, JPM 1:6 and counting
01[11:08] {&Threei}  who would want to babysit DELL whole day for couple cents move
[11:08] {bryl} nice   for sure  agreed
01[11:09] {&Threei} Short Setup: C  .30 break
[11:09] {ese} man...........crus just butting up against .95.....
[11:15] {Alexs} what stop C?
01[11:16] {&Threei}  waiting to see where it tops out
01[11:16] {&Threei}  for now, .40
01[11:16] {&Threei}  hopegully gives a chance to trail soon
01[11:22] {&Threei}  nah
[11:27] {ese} alright....lets make this interesting shall well L some more crus avg .93 a crap load
[11:28] {ese} we not well
[11:31] {bryl} What time does room open    didnt see the early calls since my room time updates at 10:25
01[11:32] {&Threei}  when the market opens
01[11:32] {&Threei}  you weren't here so you didn't see them, lol
[11:32] {bryl} ok  9:30 am tomorrow
01[11:34] {&Threei}  C you SoMG
01[11:39] {&Threei} Short Setup: CAT  .90 break hl
01[11:40] {&Threei}  change to 87 break
01[11:40] {&Threei}  If holds  .10 
01[11:51] {&Threei}  trail to .06
01[11:55] {&Threei}  meh
01[11:56] {&Threei}  lunch time
01[11:56] {&Threei}  things float randomly
01[11:56] {&Threei}  gotta stop pushing
01[11:57] {&Threei}  taking a break, be back in an hour or so
[11:57] {drewj} enjoy
[12:01] {bbobr} was it market-maker's shake-out ?
[12:27] {nemo} p at bounce point
[12:32] {Alexs} out  p ty nemo
01[13:01] {&Threei} Long Setup:  FB  .10 break
01[13:01] {&Threei}  If holds  45 
[13:03] {drewj} does one print above count as a break or do you hold out for goups of orders?
01[13:04] {&Threei}  too big group will just take out an offer and leave you behind
01[13:04] {&Threei}  while single 100 shares print at the offer where 100K shares sit is a bit too little
01[13:04] {&Threei}  so... it's a balance
01[13:05] {&Threei}  depends on how thick stock is, how rapidly it moves
[13:05] {drewj} ok thanks
01[13:06] {&Threei}  also, a reminder
01[13:06] {&Threei}  after such morning we had profit preservation procedure is in order
01[13:06] {&Threei}  so you never let a great day turn into losing
[13:06] {drewj} sounds good
01[13:07] {&Threei}  http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[13:07] {drewj} would you do that by using half lots?
01[13:08] {&Threei}  read the article
[13:09] {drewj} i will...
[13:11] {drewj} that's it for me today.
[13:11] {drewj} Have a good one.
[13:11] {Will49} cya drew
[13:11] {drewj} bye will
01[13:12] {&Threei}  take care drew
[13:12] {drewj} later vad
01[13:18] {&Threei} Long Setup:  CAT  .10 break hl
01[13:18] {&Threei}  If holds  87 
01[13:21] {&Threei}  actually... let's modify it
01[13:21] {&Threei}  disregard the breakout
01[13:21] {&Threei}  let's see if we can catch pullback after breakout
01[13:21] {&Threei}  in case it does the same shakeout as FB did'
01[13:32] {&Threei}  from camera manual: in the unlikely event the display breaks, do not put liquid crystal in your mouth
01[13:33] {&Threei}  I think this beats a manual to iron I once read, that advised against ironing clothes on one's body
[13:44] {nemo} expe looks like a good short
[13:48] {RonS} heard somewhere those dirty mm's are running cat today...
01[13:48] {&Threei}  they always do run something
01[13:48] {&Threei}  cats, dogs, ponies...
[13:48] {RonS} lol
01[13:48] {&Threei}  turtles when they are very bored
[13:48] {RonS} rotflol
01[13:49] {&Threei}  (whispering) bunnies
01[13:56] {&Threei} Long Setup:  CAT  87 break hl
01[13:59] {&Threei}  If holds  .90 
01[14:18] {&Threei}  sigh
[14:22] {nemo} like esrx short under .70?
01[14:22] {&Threei}  yup
[14:22] {nemo} expe
[14:33] {+cc_9} anyone got a piece of EZCH earlier on that bounce ?
01[15:11] {&Threei} Short Setup: GLD  .90 break
01[15:11] {&Threei}  If holds  128 
01[15:13] {&Threei}  1:1
01[15:19] {&Threei} Short Setup: GLD  128 break
01[15:20] {&Threei}  If holds  .05 
01[15:26] {&Threei}  1:1 close enough
01[15:26] {&Threei}  half out
01[15:26] {&Threei}  deja vu :)
01[15:27] {&Threei}  1:2
01[15:32] {&Threei} Short Setup: FB  .80 break
01[15:32] {&Threei}  If holds  .90 
01[15:33] {&Threei}  let's do hl
01[15:33] {&Threei}  to keep risk minimized at the eod
01[15:45] {&Threei}  1:1
01[15:45] {&Threei}  is anyone breathing?
[15:46] {Alexs} :o
[15:46] {Alexs} :)
[15:46] {bbobr} :O
01[15:47] {&Threei}  I feel as if I kill you all with these fabulous calls
01[15:47] {&Threei}  kill you dead
01[15:50] {&Threei}  1:2
[15:51] {Alexs} ?
01[15:51] {&Threei}  whew
01[15:51] {&Threei}  someone pays attention
01[15:51] {&Threei}  :)
[15:51] {Alexs} lol
[15:52] {nemo} shaping up for another run to the highs?
[15:52] {Alexs} now i need 1:2 not less
01[15:52] {&Threei}  not today nemo
01[15:55] {&Threei}  on daily though, quite possibly
01[15:56] {&Threei}  ok guys
01[15:56] {&Threei}  thank you all
[15:56] {Will49} peace guys
01[15:56] {&Threei}  have a great evening, see you tomorrow
[15:57] {Alexs} where is my 1:2?
06[15:57] * &Threei pretends not to see that
[15:58] {bbobr} great calls.    gn all
01[15:58] {&Threei}  :)
[15:58] {+cc_9} GDX volume EOD nuts
[15:58] {Alexs} gn ty Vad
01[15:58] {&Threei}  yw, take care
[15:58] {+cc_9} have a good one folks
[16:00] {nemo} there running it up

[16:00] {nemo} they're