Sept 13 2013

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

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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'....now 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

01[09:54] {&Threei}  *(US) SEPT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 76.8 V 82.0E

[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:  http://bit.ly/1dZdQfB

[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} nevermind...my 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} funny...no 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} shhhesh...now 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.:  http://bit.ly/1e9Smvx

[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 though...it'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} nemo...how 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 : http://finance.yahoo.com/q/hp?s=SPY+Historical+Prices

[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