Friday, September 13, 2013

Sept 13 2013

Finishing week with another profitable even though lighter day. And a lot of jokes that helped deal with lower activity.

                                                                7 X 7 OFFER

If you follow our trading log, you couldn't help but notice our rather spectacular performance in traditionally empty August - start of September market. How did we achieve that? By applying our setups described in 111 TRADES Online Course.

We are running a 10% discount for this course as a limited time and number of participants offer. Starting tomorrow and for the next 7 days, 7 courses are offered with coupon 15765B6679. Copy it and paste in Coupon Number field when signing up for the course. Offer will run from Sept 13th to Sept 21st or until 7 courses are purchased, whichever comes first!

                                                    Again, the coupon number:


Go here to read the Course description and purchase:

Session Time: Fri Sep 13 00:00:00 2013
[09:04] {nemo} damn alcohol allergy
01[09:04] {&Threei}  lol
[09:04] {nemo} stress of watching football last night
[09:12] {cipher} gm
01[09:12] {&Threei}  cipher :)
[09:12] {RonS} gm
01[09:13] {&Threei}  ron :)
[09:14] {goinshort} gm all
[09:14] {diego} hello guys!!! Now I'm official member this trading room
01[09:14] {&Threei}  gs :)
01[09:14] {&Threei}  welcome diego
[09:15] {diego} thanks Threei
[09:15] {goinshort} way to go !!!
[09:16] {nemo} well kinda' there's the gauntlet...not everybody survives
01[09:17] {&Threei}  nemo, shut up and short gold
[09:17] {nemo} I'm not saying anything, I'm writing it
[09:18] {Will49} gm
01[09:18] {&Threei}  will :)
[09:18] {Will49} another day in paradise
[09:19] {nemo} as long as I take my meds
[09:19] {Will49} :)
01[09:19] {&Threei}  will meant our island, nemo, not your delightful company {G}
[09:19] {Will49} lol
[09:19] {nemo} queue grumpy cat
[09:20] {Will49} being with nemo is a form of paradise too
[09:20] {nemo} yeah, when you leave
01[09:20] {&Threei}  along the line of that doctor who while inspecting a patient was murmuring "good, good,"
[09:20] {Will49} now, that's the nemo we love so much
01[09:21] {&Threei}  and when asked what was good, said "that I don't have what you have"?
[09:21] {Will49} hahaha
[09:24] {ese} gm
01[09:24] {&Threei}  ese :)
[09:26] {bbobr} morning
[09:26] {Alexs} gm
01[09:26] {&Threei}  bbobr, alex :)
[09:28] {+cc_9} gm 
01[09:28] {&Threei}  cc9 :)
[09:30] {+cc_9} GDX trying it here
[09:30] {+cc_9} Long that is
[09:30] {+cc_9} 24.9 stop, target 26+
[09:31] {Alexs} you're optimist cc
01[09:31] {&Threei} Short Setup: GLD  .15 break hl
01[09:31] {&Threei}  If holds  .25 
[09:32] {+cc_9} thanks Alexs
[09:32] {Alexs} can't borrow gld
[09:33] {+cc_9} GLD shortable on our side.
01[09:33] {&Threei}  somewhat strange opening, so keeping it half lot for now
01[09:34] {&Threei}  no energy
[09:34] {+cc_9} SSYS trying to reverse
[09:34] {nemo} just the way bennie likes it, no volatility
01[09:34] {&Threei}  1:1
01[09:34] {&Threei}  1:2
[09:35] {robbers} Out, thanks a lot.
01[09:35] {&Threei}  yw sir
[09:35] {Will49} nice start Vad
[09:35] {drewj} out ty vad
01[09:35] {&Threei}  :)
[09:35] {cipher} very nice
01[09:35] {&Threei}  1:3, out
01[09:36] {&Threei}  [09:17] {&Threei} nemo, shut up and short gold
01[09:36] {&Threei}  lol
01[09:37] {&Threei} Long Setup:  C  .30 break
[09:37] {Will49} full?
01[09:37] {&Threei}  If holds  .24 
01[09:37] {&Threei}  yes
[09:38] {+cc_9} giddy up GDX, give me a new hod
01[09:41] {&Threei}  a lot of hesitance
01[09:42] {&Threei}  meh
01[09:42] {&Threei}  (SY) US Sec State Kerry: US and Russia agree that no nation should use chemical weapons, agree that Syrian citizens died in Aug 21st gas attack
01[09:42] {&Threei}  wow... what an achievemtn in agreeing
01[09:43] {&Threei}  rinse
01[09:43] {&Threei}  somg
[09:44] {nemo} ssys being a tease
[09:45] {+cc_9} nemo yes, needs to clear those 94s
01[09:45] {&Threei} Long Setup:  JPM  .45 break
01[09:45] {&Threei}  If holds  .35 
[09:46] {+cc_9} and there she goes nemo SSYS
[09:47] {drewj} missed it
01[09:47] {&Threei}  C, that was nasty of you
[09:47] {drewj} should i get into jpm now?
01[09:48] {&Threei}  if it pulls back to trigger before reaching 1:1, yes
[09:48] {+cc_9} SSYS 94.50s
[09:49] {drewj} got it at .47
01[09:49] {&Threei}  SPY is really unclear
01[09:49] {&Threei}  let's trail stop to .39
[09:49] {nemo} maybe it was drinking while watching football last night
01[09:50] {&Threei}  but I don't watch football
[09:50] {ese} Where is Dino when you need him .......ntes?
06[09:50] * &Threei kicks JPM in the rear
01[09:51] {&Threei}  finally
01[09:51] {&Threei}  1:1
01[09:51] {&Threei}  violence works
[09:51] {nemo} my watchword'
01[09:51] {&Threei}  dino is enjoying golf, OK... but where is fish
01[09:51] {&Threei}  jd
01[09:51] {&Threei}  bryl
[09:52] {ese} You're sick the both of ya
01[09:52] {&Threei}  man, people just throw money away
[09:52] {+cc_9} GDX :D
[09:54] {ese} oh oh Michigan
[09:54] {nemo} Yeah, frickin liberal heaven
[09:55] {ese} That's not good
01[09:55] {&Threei}  well ese... you'll have to make a choice: sick and profitable or healthy and poor {G}
[09:55] {ese} Yeah your right I'll take the sick profitable thanks
01[09:55] {&Threei}  there you go
01[09:55] {&Threei}  welcome to the dark side
[09:56] {+cc_9} GDX blowing up baby
[09:56] {ese} I can be bought this is not a problem
[09:56] {nemo} dark side, light side, use both, unity of the one
01[09:56] {&Threei}  as long as the price is right
01[09:56] {&Threei}  anyone can
[09:56] {nemo} spoken like a true progressive, out both sides of his mouth
01[09:56] {&Threei}  remember that joke about the queen, right?
01[09:57] {&Threei}  market is confused:
[09:57] {Will49} that's a joke?
01[09:57] {&Threei}  is bad news really bad considering that they make taper less likely?
[09:57] {nemo} ese should trade well today then
[09:57] {ese} Can't remember that one
[09:58] {ese} Ha ha ha ha
01[09:58] {&Threei}  during some event in royal palace, conversation touched on women selling themselves
[09:58] {nemo} all women do, it's just a matter of price
[09:58] {ese} Woo hoo this is getting good
[09:58] {jdetente} Good morning.
01[09:59] {&Threei}  and one noble gentleman expressed opinion that any woman can be bought as long as the price is right.
[09:59] {nemo} yeah, I'm very venal this morning
01[09:59] {&Threei}  jd :)
[09:59] {jdetente} good timing to login
01[09:59] {&Threei}  Queen was enraged,
[09:59] {ese} jd
01[09:59] {&Threei}  *(US) JULY BUSINESS INVENTORIES: 0.4% V 0.2%E
01[09:59] {&Threei}  told him no way
01[10:00] {&Threei}  and as a matter of proof suggested him to try and name a price for her.
01[10:00] {&Threei}  He said, well, what do you say about 100 pounds?
[10:00] {+cc_9} out of GDX 25.57 from 25.23
[10:00] {+cc_9} yes, I said tgt $26, but its Friday
01[10:00] {&Threei}  Queen almost lost her breath,
[10:00] {ese} lol
[10:00] {nemo} no
01[10:00] {&Threei}  then screamed: 100 pounds?/ For me} The Queen??
[10:00] {nemo} how about 1 million
[10:00] {nemo} well, the queen said
01[10:00] {&Threei}  Guy smiled and said:
[10:01] {nemo} see, we're just quibbling on price
01[10:01] {&Threei}  see my queen, you are already negotiating
[10:01] {nemo} yeah, I have two requirements in a woman
[10:01] {nemo} 1. no gag reflex
[10:01] {nemo} 2. trust fund
01[10:02] {&Threei}  missed couple good ones, jd
[10:02] {RonS} j giles:  first i look at the purse
01[10:02] {&Threei}  trades, not jokes
[10:02] {+cc_9} GDX on fire, still ripping
[10:02] {nemo} I used to see them all the time.  THey're from around here
01[10:02] {&Threei}  that was a good one cc9
[10:02] {nemo} Actually, funny.  J. Geils=his last name means "horny" in German
01[10:03] {&Threei}  JPM, out balance on a trail
[10:03] {nemo} 25.80 level gonna' get iffy on gdx
01[10:03] {&Threei}  btw nemo
01[10:03] {&Threei}  you remember your yesterday's joke about Les?
[10:04] {nemo} so many jokes about Les so much alcohol last night
01[10:04] {&Threei}  well, I have something from him for you
[10:04] {nemo} lucky me
06[10:04] * &Threei slaps nemo around a bit with a nail studded freshly skinned rabbit pelt, per Les request and on his behalf
[10:04] {nemo} I'm gonna kill that mother......
[10:05] {nemo} transgressions against bunny are over the line
01[10:06] {&Threei} Short Setup: CAT  .85 break hl
01[10:06] {&Threei}  ugh
01[10:06] {&Threei}  late
[10:06] {Will49} milk=mother I'd love to kill
01[10:07] {&Threei}  patel... one more late sleeper missing good trades
[10:09] {nemo} here are strong and weak stocks currently:
[10:09] {drewj} fb bottom coming?
01[10:10] {&Threei}  watching it
[10:10] {nemo} nah
[10:10] {nemo} watch for 44 bounce
01[10:10] {&Threei}  (CH) Switzlerland National Bank's (SNB) Jordan: Too big to fail issue for financial institutions has yet to be solved
01[10:10] {&Threei}  no sh*t Sherlock
01[10:11] {&Threei}  no news FB
[10:11] {nemo} those tails look like fb a bit farther to go
01[10:11] {&Threei}  one more leg FB... ideally from under 44.10
[10:11] {+cc_9} FB news is that Twitter is going public
[10:12] {RonS} yep
01[10:12] {&Threei}  well, that was known overnight
[10:12] {nemo} that story been out for awhile
01[10:14] {&Threei}  got away
[10:15] {RonS} man, still pouring outside...unreal
[10:16] {Will49} anybody building an ark yet?
[10:17] {RonS} boulder got 7 inches from 7pm wed night thru 9am thurs
[10:17] {nemo} that's what Colorado gets for those gun laws
[10:18] {Will49} that's waht happens when you legalize MJ
[10:18] {RonS} ave annual rainfall (including snow) is 14 in around here
[10:18] {nemo} MJ was legal until 1917
[10:18] {Will49} yeah, i remember:)
[10:18] {RonS} lol
[10:19] {RonS} lady state senator that was recalled: "but we still like people"
01[10:22] {&Threei} Long Setup:  FB  .20 break
01[10:22] {&Threei}  If holds  .10 
01[10:26] {&Threei}  let's trail stop to .14
[10:26] {nemo} two way, this could go to 43 today
01[10:26] {&Threei}  no confidence in recovery
[10:26] {Alexs} it crossed 1:1 didn't it
01[10:26] {&Threei}  out
01[10:27] {&Threei}  I didn't see it higher than .28
01[10:27] {&Threei}  did it?
[10:27] {drewj} god call nemo
[10:27] {drewj} good
[10:28] {Alexs} 10:25 44.31
[10:28] {Will49} fruedian slip drew
[10:28] {nemo} P looks short if it drops .70
[10:28] {drewj} :)
01[10:28] {&Threei}  got distracted fior a min then
01[10:28] {&Threei}  then it's normal play
01[10:28] {&Threei}  half n half
[10:28] {drewj} let me give the man his props...
[10:29] {drewj} we can ridicule him later:)
01[10:29] {&Threei}  that's the spirit
[10:30] {Will49} ridicule nemo...well I never....!
[10:30] {nemo} smart man
[10:30] {drewj} no you ALWAYS
[10:30] {nemo} no matter what ur wife says
[10:30] {drewj} and so begins the downward spiral...
[10:31] {nemo} shit...we've been circling the drain for years
[10:31] {nemo} livin' life on the edge
[10:31] {Will49} that's Vad's rule drew, after first hour we insult each other
[10:32] {drewj} I guess we can start in 2 minutes then
[10:33] {drewj} double bottom in iwm?
01[10:34] {&Threei}  well, yes but thwe entry was .20
[10:34] {nemo} .37 is vwap on IWM which is also resistance area
[10:34] {drewj} so entry on DB's is below the bounce?
01[10:35] {&Threei}  ?
[10:35] {drewj} questions confuse me.
[10:35] {nemo} he must be an english teacher
[10:35] {drewj} I hear you use good grammar...
[10:36] {nemo} arguable
[10:36] {drewj} will?  nothing?
[10:36] {Will49} you're doing fine
[10:36] {RonS} hilarious
[10:36] {Will49} or doing well?
01[10:36] {&Threei}  lol
[10:36] {drewj} awesome will
[10:37] {RonS} gme squeezon...17% float short
[10:37] {Will49} my nose is still bleeding after getting in ring with nemo
[10:37] {RonS} sqeezin
[10:37] {Will49} so,glad to have you here drew
[10:37] {RonS} both have nose rings?
[10:38] {nemo} think I'll get some yogurt..
[10:38] {Will49} lol
[10:38] {drewj} thanks will...there's safety in numbers.
[10:38] {Will49} real traders don't eat yogurt
01[10:38] {&Threei}  only raw bear meat?
[10:38] {drewj} what a wus, huh?
[10:38] {Will49} yikes
[10:39] {drewj} yogurt is for girls
[10:39] {Will49} don't go any further drew
[10:39] {Will49} dangerous
[10:40] {drewj} ok...serious face now
[10:40] {Will49} atta boy
01[10:40] {&Threei}  yeah, gotta listen to that buzz from the wasp nest, drew
01[10:40] {&Threei}  when it reaches certain level, take cover
[10:40] {Will49} when nemo gets back from the ice box, he'll be all over you
[10:41] {drewj} ok.  I'll go look at a chart or something.
[10:41] {Will49} I don't even want to watch
01[10:41] {&Threei}  and those rusty nails on his 2x4 are generously covered with poison from dart frogs
[10:42] {drewj} hey.  you guys have the insult after the first hour rule.  I learned it by watching  you.
01[10:43] {&Threei} Long Setup:  CAT  .90 break hl
01[10:43] {&Threei}  If holds  .80 
01[10:44] {&Threei}  ok kitty... give us 1:3
01[10:44] {&Threei}  this is nice JBE
01[10:46] {&Threei}  sheesh... SPY
01[10:46] {&Threei}  meh
01[10:47] {&Threei}  not really conducive market today, jellyfish
01[10:47] {&Threei}  keep risk low
[10:47] {Will49} let's tell jokes then
[10:47] {drewj} way to be positive will
01[10:47] {&Threei}  if this is a rinse, switching to DKTK setups
[10:48] {drewj} you're still in?
01[10:48] {&Threei}  no
[10:48] {nemo} all this positivity wants to make me puke
01[10:48] {&Threei}  lol
[10:48] {Will49} heeeees back!
[10:48] {drewj} well then this freakin sucks
01[10:48] {&Threei}  life of a trader:
01[10:48] {&Threei}  djust to new conditions,
[10:48] {bbobr} DKTK ?
01[10:48] {&Threei}  have a winning streak,
[10:49] {Will49} i was afraid to ask bbor
01[10:49] {&Threei}  run into another change, have a 1-3 days of readjustment period,
01[10:49] {&Threei}  go intio another winning streak.
01[10:49] {&Threei}  Thus, risk management becomes paramount:
01[10:49] {&Threei}  when in adjustment period, make sure risk is controlled stroctly
[10:49] {nemo} KY is standard equipment, along with hemmrhoid pillows
01[10:50] {&Threei}  so there is no lasting damage,
01[10:50] {&Threei}  then during winning streak increase activity
01[10:50] {&Threei}  and squeeze all market has.
[10:50] {nemo} ctxs
01[10:50] {&Threei}  Most of all, stay sensitive to changes,
01[10:50] {&Threei}  but here we are getting into Taoist Trader territory
01[10:51] {&Threei}  and I am not retyping that massive work :)
[10:51] {nemo} he can lie still like a corpse
01[10:51] {&Threei}  DKTK:
[10:51] {nemo} or rise like a dragon
01[10:51] {&Threei}  when a few standard setups are rinsed,
[10:51] {nemo} actually let me find the quote
01[10:51] {&Threei}  you start letting a trigger gom waiting for a rinse, then enter AFTER the stops are hit,
01[10:52] {&Threei}  and abbreviation stand for Don't Kid The Kidder
01[10:52] {&Threei}  to illustrate:
[10:52] {Will49} guess the jokes are out drew
01[10:52] {&Threei}  in CAT's case, you'd skip .90 break, wait for drop under .80 where stops are taken out and enter long on .80 recross
01[10:53] {&Threei}  you may remember, we had a few weeks like this in July
[10:53] {Will49} and that's no joke!
01[10:53] {&Threei}  when we switched to this kind of setups
01[10:53] {&Threei}  worked like charm
[10:54] {drewj} so more aggressive entries?
[10:54] {Alexs} lol
01[10:54] {&Threei}  actually, it's a mix of aggressive and conservative, since you enter after the break and pullback, but at the price more characteristic for aggressive
01[10:54] {&Threei}  call it a hybrid
[10:55] {Will49} kind of thing Obama would do
01[10:56] {&Threei}  did I say progressive?
[10:56] {Will49} it's a joke
01[10:56] {&Threei}  he is not aggressive conservative, he is aggressive progressive {G}
01[10:56] {&Threei}  man... and this is my second language
01[10:56] {&Threei}  imagine what I can do in my native
[10:56] {Will49} you da man
01[10:57] {&Threei}  last time I checked, yeah
[10:57] {Will49} lol
[10:57] {Will49} and when was that?
[10:57] {drewj} nothing on that one nemo?
[10:57] {Will49} you are a chit disturber drew
01[10:57] {&Threei}  lol
[10:58] {Will49} unlike the rest of us here
[10:58] {drewj} oh great.  now i have label.  chit disturber.
[10:58] {Will49} better tha Les
[10:58] {Will49} than
[10:58] {nemo} ahhhh, here it is:
[10:58] {drewj} what can i say.  i'm just bored.
[10:59] {Will49} doesn't take YOU long, eh?
[10:59] {nemo} he can sit still like a corpse or spring into action like a dragon, be silent as the deep or talk with the voice of thunder, the movements of his spirit calling forth the natural mechanism of Heaven
[10:59] {drewj} nice
[10:59] {Will49} ooooh
[11:00] {nemo} from Chuang Tzu's essay "The Doctrine of Inaction"
[11:00] {Will49} Obama?
01[11:00] {&Threei}  rofl
[11:00] {drewj} sorry...db on fb
[11:00] {drewj} ?
[11:01] {drewj} just hit 44
01[11:01] {&Threei}  no
01[11:01] {&Threei}  I'd rather look for short on all out breakdown
01[11:01] {&Threei}  inverted C&H
01[11:01] {&Threei} Short Setup: FB  44 break
[11:01] {drewj} ok
[11:01] {nemo} please don't blaspheme the writings with such luddite references
01[11:01] {&Threei}  If holds  .10 
[11:02] {nemo} or long above .10
01[11:02] {&Threei}  Invalidated  
[11:02] {drewj} no bickering please...
[11:03] {nemo} it's a two-way you frickin' noob
01[11:03] {&Threei}  well, many setups can be faded on invalidation
[11:03] {drewj} don't be mean.
[11:03] {nemo} absolutely
01[11:03] {&Threei}  but in this case, I am not delighted by long idea
01[11:03] {&Threei}  nemo who is not mean?
01[11:03] {&Threei}  come on
01[11:03] {&Threei}  mind boggles at the attempt to envision that
[11:04] {nemo} when I start talking about your mother, then I'm getting mean
01[11:04] {&Threei}  it's like firetrack with no water...
01[11:04] {&Threei}  cheerleader with no pompons...
[11:04] {nemo} or Vad without a dictionary
[11:05] {drewj} if you would have faded that whould the target have been ..35?
[11:05] {Will49} nemo without a target
01[11:05] {&Threei}  I can do without dictionary
[11:05] {drewj} but if you need help with grammar I know a guy
[11:05] {nemo} resistance Will, then vwap
[11:05] {Will49} meant someone to insult
01[11:05] {&Threei}  rather would exit just under .30
01[11:06] {&Threei} Short Setup: FB  .10 break
[11:06] {drewj} into conjestion...?
01[11:06] {&Threei}  let's try aggressive
01[11:06] {&Threei}  If holds  .20 
01[11:07] {&Threei}  if my vision is right, it's still the same inverted C&H
01[11:07] {&Threei}  just a big deeper handle
01[11:07] {&Threei}  and aggressive entry is one of the best in such cases, just as handle reverses
[11:07] {nemo} wow, spy not even 26 million shares yet
01[11:07] {&Threei}  yeah, jellyfishy day
01[11:08] {&Threei}  1:1
01[11:08] {&Threei}  give us real break FB
01[11:08] {&Threei}  good boy
01[11:08] {&Threei}  now dies
01[11:08] {&Threei}  -s
01[11:09] {&Threei}  die more... die faster...
01[11:10] {&Threei}  come on, don't be a scalp
[11:11] {Will49} all together now....don't be a scalp
[11:11] {drewj} i'll light some candles
01[11:11] {&Threei}  dirty rotten scoundrel
[11:11] {drewj} out?
01[11:11] {&Threei}  of course
01[11:11] {&Threei}  SOP drew
01[11:12] {&Threei}  half out at 1:1, trail stop to b.e
[11:12] {drewj} ok
01[11:12] {&Threei}  this is not a some kind of voluntary invention
01[11:12] {&Threei}  it's based on market logic
01[11:13] {&Threei}  former resitance becomes new support
[11:13] {drewj} ok?
01[11:13] {&Threei}  former support becomes new resistance
01[11:13] {&Threei}  .10 weas a support, break of which gave us a trigger
01[11:13] {&Threei}  after 1:1 is reached, this forner support became new resistance,
[11:14] {drewj} to make sure that the trader doesn't act like a jellyfish
01[11:14] {&Threei}  if price goes above resistance, why would you want to remain shortZ?
[11:14] {drewj} training wheels
01[11:14] {&Threei}  that's what all this levels and trails are based on
[11:14] {drewj} makes sense
01[11:16] {&Threei}  look what would have happened if we haven't trailed stop
01[11:16] {&Threei}  profitable tarde would sudenly turn into losing one
[11:16] {nemo} sheesh mos
01[11:17] {&Threei}  (GR) Oct loan tranche said to be possibly delayed; Greece expects financing gap in 2016 at approx €10-15B - financial press- Greece Govt said to not be seeking a haircut option for debt
01[11:17] {&Threei}  hmm
01[11:18] {&Threei}  no news that I see MOS
01[11:22] {&Threei}  Russia investor Kerimov said to to sell stake in Uralkali for $3.7B - Russia press- Reminder: On 9/10 reports were that Kerimov was interested in selling the stake in order to reduce tensions with Belarus; with interested parties speculated to be Norilsk Nickel and other Russian investors. **Reminder: On Sept 9th, there were press reports that shareholder Kerimov might sell his 22% stake. On Sept 10th, Uralkali's CFO said there was no official information regarding a possible change to shareholder structure of Uralkali.
[11:22] {+cc_9} MOS / POT / AGU / CF all ferts
01[11:23] {&Threei}  so, Kerimov needs pocket money, MOS and other fertilizers jump a few bucks
01[11:26] {&Threei}  so, to finish a thought interrupted by a trade
01[11:27] {&Threei}  11:05] {&Threei} I can do without dictionary - I am equally effective beating people up with child books or classic literature tomes
01[11:27] {&Threei}  remember that beautiful bar fight with Goete volume...
01[11:28] {&Threei}  btw, note that regular entry on FB would have failed
01[11:29] {&Threei}  note also that long at .10 priot to that would have failed too
01[11:29] {&Threei}  rinse both ways
01[11:30] {&Threei}  the one we chose, aggressive entry, is about the only one making money
01[11:38] {&Threei} Short Setup: MOS  .90 break hl
01[11:38] {&Threei}  If holds  46 
[11:38] {nemo} two way?
01[11:38] {&Threei}  valid
01[11:38] {&Threei}  no
[11:39] {Will49} no to what?
01[11:39] {&Threei}  to nemo
[11:39] {Will49} :)
01[11:39] {&Threei}  who wants two way
01[11:40] {&Threei}  meh
[11:40] {Will49} heard nemo wants three way
[11:41] {nemo} nah, now I'll settle for leaning back with a glass of wine
[11:41] {Will49} getting old
[11:41] {nemo} conserving energy...let somebody else do the work ;-)
[11:41] {Will49} how about you, the GF and bunny?
[11:41] {nemo} FB
[11:41] {Will49} just tryin' to help:)
[11:42] {nemo} you seen bunny's teeth?!!!
[11:42] {Will49} no, GF's either
[11:42] {nemo} she yawns, I think Alien, wow
[11:42] {Will49} :)
[11:42] {nemo} make the FWB take the dentures out
[11:43] {Will49} yikes
[11:43] {Will49} too much information, as my kids used to say
[11:44] {nemo} expe dripping away
[11:48] {nemo} expe  again, that's probably it for the bounce
01[12:03] {&Threei} Long Setup:  FCX  .25 break
01[12:04] {&Threei}  If holds  .20 
[12:07] {Alexs} what target do you see in FCX Vad?
01[12:08] {&Threei}  it's doesn't have any indication on the upside limit
[12:08] {Alexs} sounds scary
01[12:08] {&Threei}  other than time of the day, nothing would keep me from aiming for 1:3
01[12:09] {&Threei}  ;ppl at daily
01[12:09] {&Threei}  look
01[12:09] {&Threei}  you are scared easily Alex :)
[12:10] {Alexs} true
01[12:10] {&Threei}  leave emotions at the door
01[12:10] {&Threei}  enter, exit, go to the next
01[12:10] {&Threei}  not all trades and not all days work
01[12:11] {&Threei}  we had 4 great days this week
01[12:11] {&Threei}  today is empty and boring
01[12:11] {&Threei}  and random
01[12:11] {&Threei}  keep risk down and look for the best setups
[12:11] {Will49} story of my life
[12:13] {Will49} it's a joke :)
[12:20] {nemo} your life is a joke?
[12:37] {RonS} rip Dr Ray Dolby...used to see Dr Ray when i worked in the City...always a class act...
[12:38] {Will49} nemo..a joke that my life is empty, boring and random
[12:39] {nemo} .45 acp
[12:39] {Will49} fortunately (so far) life has been full, exciting and very goal oriented
[12:40] {Will49} so, learning to trade the Graifer Way at my age is just another in a long line of challenges
[12:40] {nemo} then think of it as a favor to us
[12:41] {Will49} did you just say a nice thing?
[12:41] {Will49} or am I dreaming?
[12:41] {nemo} depends on your point of view
[12:41] {Will49} I'll take it as a compliment then
[12:41] {Will49} thanks
01[12:42] {&Threei}  happens evento nemo sometimes, will
[12:42] {Will49} lol
[12:42] {nemo} way would I interpret my statments as nice.  Will is attending the Les school of logic
01[12:43] {&Threei}  you know... walking down the street, tripping of something, falling, hitting his head of a conrner of a building, blacking out... coming out of itm saying something nice
01[12:43] {&Threei}  a few seconds later shaking it off
01[12:44] {&Threei}  and becoming his usual nasty self that we come to know and love
01[12:52] {&Threei} Long Setup:  MOS  .40 break hl
01[12:52] {&Threei}  If holds  .30 
[12:56] {Will49} I have to leave the pleasant thoughts of Nemo and get back to trading
01[12:57] {&Threei}  i'ts not compulsory
[12:57] {nemo} hah! neither is survival...
[12:57] {Will49} LOL
01[12:57] {&Threei}  lol
01[13:10] {&Threei}  1:1
[13:10] {nemo} you might want to try and hold a piece of mos
[13:11] {nemo} this is the kind of action that an afternoon run could really go
[13:11] {nemo} gdx vad
01[13:12] {&Threei}  miised short at .30
[13:12] {+cc_9} VPHM whoa
01[13:12] {&Threei}  don't want to chase at this time
[13:12] {nemo} setting up for bounce me thinks
01[13:13] {&Threei}  I'd prefer to use bounce to short into rather than play it long
[13:15] {+cc_9} VPHM, anyone feeling a quick short trade ? :)
[13:15] {+cc_9} its just M&A chatter
[13:15] {nemo} dino, but he's on the links
01[13:16] {&Threei}  ViroPharma Incorporated Shire and Sanofi said to be interested in acquiring the company; VPHM said to have hired advisors to evaluate sale efforts - financial press
[13:17] {+cc_9} M&A plays are good fade plays
[13:17] {nemo} indexes coming in
[13:17] {+cc_9} no surprise if VPHM ends up going down to 36
[13:18] {+cc_9} There she goes, coming down already :)
[13:34] {+cc_9} VPHM, should get a nice flush on 37 bid break
[13:35] {nemo} iwm walking up longer term trend line, spy looks weak
[13:41] {nemo} wow 42.6 million spy shares 
01[13:49] {&Threei} Short Setup: GDX  .20 break
01[13:49] {&Threei}  If holds  .30 
[13:49] {nemo} Chicks=Making men do stupid things since the dawn of time.:
[13:50] {nemo} spy roof at .32
01[13:51] {&Threei}  darwin in action
[13:57] {nemo} looking for index breakdowns...everything weakening although not strongly
[13:57] {Will49} and then it will get stronger but weaker
[13:58] {nemo} tmi will
[13:59] {Will49} is that like kma?
[13:59] {nemo} doubtful
[14:01] {Will49} I know...that was weak! Just trying to keep Les' seat warm (pun)
[14:01] {nemo} yeah, didn't know if you informing us of your BO and incontinence issues
[14:02] {Will49} :)
[14:02] {Will49} have BO under control
01[14:02] {&Threei}  stop to .26
01[14:03] {&Threei}  (CN) IMF issues comments on G20 imbalances: Spain's imbalances are correcting, China growth is unsustainably reliant on credit- India faces tough choices to fix fiscal imbalances - US fiscal outlook has improved but remains a major concern - Japan's fiscal position is vulnerable to yield increases - market based Yuan rates will help China's economy
01[14:05] {&Threei}  1:1
01[14:10] {&Threei}  however boring today is, it's still profitable
01[14:10] {&Threei}  albeit lighter than 4 days before
[14:11] {Will49} so this is what Friday trading is all about, eh?
01[14:12] {&Threei}  often... not always
01[14:12] {&Threei}  nothing is always
01[14:12] {&Threei}  as we saw in example of nemo being nice
[14:12] {Will49} so much is often
01[14:13] {&Threei}  Let me sum it up in this aphorism I coined a few seconds ago
01[14:13] {&Threei}  Most is Often. Some is Seldome. Nothing is Always.
[14:13] {nemo} If peace, order, and the pursuit of happiness are invisible things,
[14:13] {nemo} obviously they can not be really obtained by visible means.
01[14:14] {&Threei}  and Nothing is Never
[14:14] {Will49} my head hurts
01[14:14] {&Threei}  heck... I might make a history with this
01[14:15] {&Threei}  btw, mistype in seldom is intentional - to make it waternarked so to speak
01[14:15] {&Threei}  come on nemo, admit... it's not Lao Tze but it's not half bad eh?
[14:16] {Will49} waternarked=caught by the cops by boat
01[14:16] {&Threei}  lol
[14:16] {Will49} ok Vad....not bad
01[14:16] {&Threei}  ty
01[14:17] {&Threei}  btw alex
01[14:17] {&Threei}  getting back to those emotions we spoke of earlier
01[14:17] {&Threei}  remember beatiful phrase I stubled onto a few days ago
01[14:18] {&Threei}  remembered
[14:18] {nemo} oh sheesh, are we getting back into Will's bestiality
01[14:18] {&Threei}  Don't let emotional tail wag the rational dog
[14:18] {nemo} so.....stay away from women
[14:18] {Will49} tail/ dog?....bestiallity
01[14:19] {&Threei}  why nemo... just deal with them rationally
[14:19] {nemo} now that's a formula for suffering
[14:19] {Will49} yeah vad...what the hell?
[14:42] {Will49} testing 1,2,3 testing...anyone out there in Vadspace?
[14:42] {Will49} didn't think so"(
[14:43] {Will49} :(
01[14:44] {&Threei}  lol
[14:44] {Will49} ahah!
01[14:44] {&Threei}  wait about 15-20 min more, then we will start looking for last hour trades
[14:45] {Will49} you're so kind
01[14:45] {&Threei}  I am?
[14:46] {Will49} of course!
01[14:46] {&Threei}  gotta work on that...
[14:46] {Will49} don't take it literally's really a figure of speach
[14:47] {Will49} Brits use it to mean "thank you"
01[14:48] {&Threei}  I know... but I prefer to pretend I take everything at face value
01[14:48] {&Threei}  this way I look naive and gullible
01[14:49] {&Threei}  and I really am
[14:49] {Will49} your so kind
01[14:49] {&Threei}  my what?
01[14:50] {&Threei}  lol
[14:50] {Will49} thought you were talking about Obama there for a minute
[14:51] {Will49} the pretend" part
[14:52] {Will49} hmmm...thought that would get a rise out of at least one of our Yank members:)
[14:52] {nemo} ese here?
[14:52] {Will49} in school
[14:53] {Will49} Friday the teachers all leave at noon and get drunk
[14:55] {Will49} do you feel about we Canucks insulting the POTUS?
[14:55] {nemo} couldn't care less
[14:55] {Will49} where's your patriotism?
[14:56] {RonS} just don't do it around ese...would hurt his feelings...
[14:56] {Will49} true dat
[14:56] {nemo} yeah ese gets out the kneepads for O
[14:56] {Will49} lol
[15:08] {+cc_9} good afternoon
[15:18] {nemo} oxy
[15:19] {RonS} contin
[15:19] {Will49} ha
[15:19] {nemo} Ron's bored
[15:20] {nemo} close to bounce me thinks
01[15:20] {&Threei}  lol
[15:20] {Will49} who Ron?
[15:20] {nemo} oxy
01[15:20] {&Threei} Long Setup:  C  .50 break
01[15:20] {&Threei}  If holds  .45 
[15:20] {nemo} iwm just grinds, no pullback to speak of
[15:27] {jdetente} slow grind...reminds one of the champagne room
01[15:28] {&Threei}  if GLD moves above .50 will look for short on recross
01[15:28] {&Threei}  double top
01[15:28] {&Threei}  grrr
01[15:28] {&Threei}  got away
01[15:29] {&Threei}  C is two sided
01[15:30] {&Threei}  short .45 break
01[15:30] {&Threei}  with stop above .50
01[15:35] {&Threei} Short Setup: GLD  .50 break
[15:35] {+cc_9} AAPL volume bar @ LOD nuts
[15:35] {+cc_9} 250k
01[15:35] {&Threei}  If holds  .60 
01[15:36] {&Threei}  Invalidated  
01[15:36] {&Threei}  should have faded it, lol
[15:36] {jdetente} still doing C short?
01[15:37] {&Threei}  yes
[15:40] {nemo} sheesh, gdx today
[15:41] {nemo} 55.4 million spy shares, I think 48ish was the low volume in august
[15:42] {+cc_9} nemo, here is a link to check :
[15:42] {nemo} vphm ain't giving it up today
[15:43] {nemo} 54
[15:43] {+cc_9} yup
[15:43] {nemo} love this august action
[15:44] {+cc_9} VPHM lowest it hit was $37, will revisit Monday
[15:46] {robbers} Signing off, thanks for a good week, Vad.  Take Care.
01[15:46] {&Threei}  take vcare robbers, see you Monday
[15:46] {Will49} cheers rob
01[15:52] {&Threei}  time's running out
01[15:52] {&Threei}  die quickly C
01[15:55] {&Threei}  doesn't want to do anything, quickly or not, lol
01[15:55] {&Threei}  ok guys
01[15:55] {&Threei}  thank you all, have a great weekend
01[15:56] {&Threei}  see you Monday!
[15:56] {Will49} cheers guys
[15:56] {bbobr} gn all
[15:56] {jdetente} see you all next week