Tuesday, October 15, 2013

Oct 15 2013

The day started well, then as every fool who wanted a mike got one and introduced sudden spikes in the market, a few stops took us below the waterline. Then 1:4 trade on GLD restored order of things effectively taking us slightly in positive territory. I reckon we have two more days of this intense attention-seeking from the clowns. Actually no,  I like clowns.

Session Time: Tue Oct 15 00:00:00 2013
[09:00] {dino} gm
[09:00] {RonS} gm
[09:02] {drewj} gm
01[09:04] {&Threei}  morning dino, ron, drew
01[09:15] {&Threei}  wow
[09:18] {Will49} gm
01[09:18] {&Threei}  will :)
01[09:19] {&Threei}  so, this drop caused by this only: (US) House Rep Ryan (R-WI): Senate provisions on budget are not enough to solve the problems ?
[09:19] {+cc_9} good morning everyone
01[09:19] {&Threei}  cc9 :)
[09:21] {Alexs} gm
01[09:22] {&Threei}  alex :)
[09:24] {+cc_9} keep an eye out on TDC @ the open, took a beating yesterday, came back pre-market from $44.00 flat line now hugging $45
[09:24] {ese} gm
01[09:24] {&Threei}  ese :)
01[09:30] {&Threei} Long Setup:  C  .56 break
01[09:30] {&Threei}  If holds  .45
[09:30] {+cc_9} that drop earlier Vad was a btfd opp
01[09:31] {&Threei}  as they come out and speak of whatever they ate at breakfast, lunch or had for a snack, it will repeat throuigh today and tomorrow I assume
01[09:32] {&Threei} Long Setup:  C  . 15 break
01[09:32] {&Threei}  If holds  .05
01[09:33] {&Threei}  no go
01[09:35] {&Threei} Long Setup:  JPM  .55 break
01[09:35] {&Threei}  If holds  .45
[09:36] {+cc_9} TDC sitting at $44.00 from pre-M if holds will look for long entry, if loses it will wait for where it puts bottom
01[09:38] {&Threei}  ik JPM
01[09:38] {&Threei}  it's time
01[09:38] {&Threei}  move your butt
01[09:38] {&Threei}  oh boy... republicans' remarks are coming on TV
[09:39] {+cc_9} Long here C looks better
[09:39] {Les} gm
[09:39] {Les} and Nemo
01[09:39] {&Threei}  les :)
[09:40] {Les} MVD inspection time. gonna clean up the old girl
[09:40] {Les} not a frikin word Nemo
[09:40] {Les} gotta
01[09:40] {&Threei}  MVD?
[09:40] {nemo} NKVD
[09:41] {Les} whadya u yanks call it? Motor vehicle dept?
[09:41] {nemo} old Soviet Joke
[09:41] {nemo} Beria, my hero
[09:41] {Les} nother leg down for this theatre show
[09:42] {+cc_9} ACAD breaking out on 60min chart
[09:42] {+cc_9} @ highest pps since the plunge
[09:42] {+cc_9} nearing $25
[09:42] {Les} might be godd short here cc
[09:44] {+cc_9} House to move with its own bill tonight
01[09:46] {&Threei} Short Setup: GLD  .15 break
01[09:47] {&Threei}  If holds  .25
[09:48] {Alexs} nice, how do you like republicans Vad?
[09:48] {Les} ok 2nd attempt for ACAD breakout
01[09:48] {&Threei}  I don't like either side
01[09:48] {&Threei}  1:1
01[09:49] {&Threei}  1:2
[09:49] {dino} tdc sm l .55
[09:50] {Les} spot on sir
[09:50] {+cc_9} ACAD nonstop
[09:50] {Les} yeh
[09:50] {Les} news?
[09:50] {ese} infa L 76
[09:50] {ese} .76
[09:50] {Les} dt in sso would be nice
[09:51] {Les} db sso sorry
[09:51] {+cc_9} It tanked with no news, its coming back with no news
[09:51] {+cc_9} It still has another point ahead of it imo
[09:51] {+cc_9} ACAD } $25.00
[09:51] {ese} out infa .90 +.14
[09:52] {Les} gj
[09:54] {ese} tks
[09:56] {Will49} out GLD on trail...tks Vad
[09:56] {ese} good job will
[09:56] {Will49} tks
01[09:56] {&Threei}  yw
[09:58] {+cc_9} SCTY blowing up
01[09:58] {&Threei} Short Setup: SLW  .20 break
01[09:59] {&Threei}  If holds  .30
01[09:59] {&Threei}  with trail to .26 after losing .15
01[09:59] {&Threei}  trail to .26
01[09:59] {&Threei}  1:1
[10:00] {Will49} missed
[10:00] {drewj} me too
01[10:00] {&Threei}  1:2
01[10:00] {&Threei}  anyone got it?
[10:01] {Alexs} i'm still in the GLD
[10:05] {robbers} Just out of GLD.
01[10:05] {&Threei}  nice
[10:07] {Will49} gj robbers
[10:09] {drewj} so vad are you waiting until the market gets to the next resistance level?
01[10:10] {&Threei}  just looking at the charts and waiting for the right setup
01[10:10] {&Threei}  “According to the latest poll, a record 73 percent of Americans think the country is headed in the wrong direction. But the good news: Gas is so expensive that we’ll never get there.”
01[10:10] {&Threei}  ~ Jay Leno
[10:10] {Will49} good Vad
[10:11] {Will49} don't you be fallin asleep now :)
[10:11] {drewj} does the overall market have a lot to do with which setups you choose?
01[10:11] {&Threei}  sure
01[10:11] {&Threei} Short Setup: MCD  .60 break
01[10:11] {&Threei}  If holds  .70
01[10:12] {&Threei}  market at the resistance after run-up, MCD formed kangaroo tail - short setup
[10:13] {drewj} got it
01[10:13] {&Threei}  it goes over .70, trade is invalidated - which is exactly the point of the setup strcture, to give us road signs
[10:14] {drewj} i'm starting to see how it all works together
[10:15] {dino} good to hear drew
[10:15] {drewj} thanks dino
01[10:15] {&Threei}  in a few months you won't be able to remember what it waas that you didn't see
[10:15] {Les} I'm still trying to see
[10:15] {Les} :P
[10:15] {dino} thought we might lose you there
[10:16] {Les} ACAD coming down
[10:16] {drewj} who dino?
01[10:16] {&Threei}  you are a different case Les... your task is to unsee
01[10:16] {&Threei}  and I am not kidding
[10:16] {+cc_9} NFLX losing some steam on 15min
[10:16] {drewj} so what's my task then vad?
[10:16] {Les} I can dig that
[10:16] {dino} you drew, thought you were going to quit, glad yuo didn't
01[10:17] {&Threei}  I'd put it this way drew:
[10:17] {drewj} I'm here for the long haul...I just had to retreat to think about what i'm learning.
06[10:17] * Les slaps drewj around a bit with a large trout
[10:17] {Les} I'm here for the free slappin
01[10:18] {&Threei}  yours is to stop feeling puzzled, stop pushing too hard to get it all at once and let yourself get soaked in this, so understanding comes gradually and naturally
[10:18] {nemo} what's worse, with Les, there's nothing to lobotomize
[10:18] {drewj} thanks for including me les...i was beginning to feel left out!
[10:18] {Les} hehehe
[10:18] {Les} dunno what Vad is on about, I don't see shit as it is
01[10:18] {&Threei}  that's because you saw wrong thing for too long and paid it too much attention
[10:19] {drewj} I picked up  on that vad...
[10:19] {nemo} we talking about marriage again?
01[10:19] {&Threei}  un-seeing it is necessary to frewe the room for seeing the right thing
[10:19] {Les} can't help if porn keeps popping up on my screen while trading
01[10:19] {&Threei}  yeah, that can be tough
[10:19] {drewj} I was also using way too many shares which was really causing me too much stress...
01[10:19] {&Threei}  ok MCD
01[10:19] {&Threei}  let's do it
[10:20] {dino} out tdc .00, +.45
01[10:22] {&Threei}  goingshort, look dcc please
01[10:22] {&Threei}  nice one dino
[10:24] {Les} Vad MCD is sub s3
[10:25] {Les} 4% likelihood finishing here if I remember Nemo correctly
01[10:25] {&Threei}  I've no idea what this means
[10:25] {nemo} ?
[10:25] {Les} me neither
[10:26] {nemo} oh, price gets to S4 less than 10% of the time
[10:26] {Les} refresh my memory on the stats
[10:26] {Les} thought it was lower
[10:26] {nemo} as Vad said
06[10:27] * Les slaps Les around a bit with a large trout
[10:30] {Alexs} no go MCD
01[10:30] {&Threei}  nope
01[10:31] {&Threei}  just a function of what SPY did
[10:31] {nemo} MCD just about at VWAP here
01[10:31] {&Threei}  nothihng to do with S#, % etc
[10:31] {Alexs} looks like market doesn't care about politics any more
[10:32] {Will49} wouldn't that be nice
01[10:32] {&Threei}  got over previous scare and returned to the mode "they will craft something out in the end anyway"
[10:34] {Alexs} I'm beginning to doubt
[10:35] {Will49} need some tech advice
[10:35] {nemo} shotgun
[10:35] {nemo} OO Buck or bigger
[10:35] {Will49} during first hour, my curser jumps around if i have a fast markey on screen
[10:36] {Will49} SPY for instance
[10:36] {nemo} your mouse curser?
[10:36] {Will49} if i select a slower market, curser settle down
[10:36] {Will49} yes mouse curser
[10:36] {dino} it swears at you
[10:36] {nemo} what chip you running with how much memory Will?
[10:37] {Will49} haha
[10:37] {Will49} don't know nemo...am trading on my laptop here in AZ
[10:37] {nemo} windows&
[10:37] {nemo} windows7?
[10:38] {Will49} back in BC on my tower PC..didn't have the problem
[10:38] {Will49} XP
[10:38] {nemo} how old is it?
[10:38] {Will49} 3 years
[10:38] {nemo} mhhh, likely dual core
[10:38] {nemo} what trading system?
[10:38] {nemo} DAS?
[10:39] {Will49} V120 AMD processor
[10:39] {Will49} yes...DAS
[10:39] {Will49} 2 GB DDR3 memory
[10:39] {Les} what a piece of ....
[10:39] {nemo} oh jeez
06[10:39] * Les slaps Will49 around a bit with a large trout
[10:40] {Will49} whaaa?
[10:40] {dino} dhi l .87
[10:40] {nemo} right click on the montage?
[10:40] {nemo} you should see under the left hand column  "Performance" box
[10:40] {nemo} chec "Optimized Paint (for slow computer)
[10:41] {Will49} yes...that was checked
[10:41] {nemo} how many charts you running
[10:41] {Will49} one now
[10:41] {nemo} mmhhhh
01[10:41] {&Threei}  who said what where
[10:41] {nemo} one montage and one T&S window?
[10:41] {Will49} was running two earlier but shut one down to try to solve problem
[10:41] {Will49} yes
01[10:41] {&Threei}  (US) House Speaker Boehner reportedly calls the bipartisan Senate proposal a 'hand grenade'
01[10:42] {&Threei}  see MCD?
[10:42] {Will49} even now, if i bring up SPY the curser jumps around
[10:42] {nemo} download cleanmem.exe from  PC WinTech
[10:42] {Will49} change to WMT and it is OK
[10:43] {Les} yeh, indexes had one last gasp to help MCD higher
[10:43] {nemo} headline risk is nutz
01[10:43] {&Threei}  yeah
01[10:43] {&Threei}  market reacts on each of them
[10:43] {Will49} tks nemo...I'll do that during lunch
01[10:43] {&Threei}  and they come at unpredictable times
[10:44] {Les} DAS working otherwise for ya on that laptop will?
[10:44] {Will49} yes Les, except for the jumpy curser thing
[10:44] {Will49} love DAS
[10:44] {Les} low end spec stuff u using dude
[10:45] {Les} will be back in using DAS next week
[10:45] {Les} hasn't been love at first sight
[10:45] {Les} with DAS
[10:46] {nemo} what kind of laptop is it
[10:46] {dino} beats that 286 vad uses
[10:46] {Will49} emachine
01[10:46] {&Threei}  I am yet to upgrade to that
01[10:46] {&Threei}  commodore 64 here
[10:46] {nemo} you using a touchpad?
[10:46] {Will49} yeah Les....pretty cheap hardware
[10:47] {Will49} have deactivated touchpad....that was one of obvious solutions
[10:47] {nemo} so, using a usb mouse?
[10:47] {Will49} had the touchpad AND mouse going at same time
[10:47] {nemo} oh, that's not good
[10:47] {Will49} yes usb bouse
[10:47] {Will49} mouse
[10:48] {Will49} wonder if it's a graphics card issue?
[10:48] {nemo} look in the mouse control boxes in control panel, see if there are any "enhanced" control stuff
[10:48] {nemo} doubt it's grahics card
[10:48] {nemo} if it's moving that means a signal is being created to move the cursor
[10:49] {drewj} i agree...
[10:49] {drewj} it's probably the mouse
[10:50] {drewj} the way to check is to disconnect the mouse and try the pad again.
[10:50] {drewj} if it stops then you know
[10:50] {Will49} in control panel, touchpad was still activated even though I killed it using Fn F7
[10:51] {Will49} drew....neither touchpad OR mouse behaves during fast prices
[10:51] {Will49} NOR
[10:52] {drewj} that sounds more like processor speed
[10:52] {drewj} it can
[10:52] {drewj} it can't handle  a lot of data
[10:52] {nemo} he's running a 2 gig memory dual core
[10:52] {Will49} yeah...have a pretty basic machine
[10:52] {nemo} squirrel strapped to a treadmill
[10:53] {Will49} what should I have nemo?
01[10:53] {&Threei} Short Setup: BBY  41 break
[10:53] {drewj} you can use advanced system care free to deactivate non-essential programs to free up memory and speed
01[10:53] {&Threei}  If holds  .10
[10:53] {drewj} there are a lot of background services that are running that you really don't need while you are trading
[10:54] {Les} or you can give it to the missus for poolside FB chats and upgrade
01[10:54] {&Threei}  it's a temporary travel solution...
[10:54] {Les} oh this is temporary is it?
[10:54] {Will49} yes Vad
01[10:55] {&Threei}  BBY is valid
[10:55] {Les} thought you wanted to be buried out my way
[10:56] {Les} http://www.flickriver.com/photos/highranger/3830713669/
[10:58] {drewj} here is the link... http://www.iobit.com/advancedsystemcareper.php
[10:58] {nemo} It's funny about that:  more than likely it was a .45 long colt.  The .44s didn't become popular until the 20th century
01[10:59] {&Threei}  1:1
[11:02] {Will49} tks drew
[11:02] {drewj} yw
[11:03] {nemo} be careful when you install, make sure you're not installing extra software
[11:04] {drewj} it is system optimizer that will restore your operating system to the way it was when it was first installed.
[11:04] {nemo} and ads
[11:05] {drewj} then you can use the turbo boost program while you are trading which will shut down bulky background services.
[11:05] {drewj} it does not have ads
[11:05] {drewj} i have been using it for years on my slower computers
[11:06] {drewj} i have the paid version on my trading pc which is better and only $20
[11:07] {Will49} tks to both you guys for the advice
[11:07] {drewj} sure
[11:07] {Will49} instead of going to the pool, i'll work on this :)
[11:08] {drewj} once you install it the program will do the rest
01[11:09] {&Threei}  here comes Boehner
01[11:10] {&Threei}  still as tanned as ever
[11:10] {Will49} drew..i assume i won't lose DAS or Mirc when i do this
[11:10] {drewj} it won't change your programs
[11:11] {Will49} tks, as you can see i am a bit behind the times on this stuff
[11:12] {drewj} the turbo boost function will change things like printer support so maybe try that after hours.
[11:12] {nemo} sheesh, new headline every hour
[11:12] {drewj} i don't think it will stop das in any way.
[11:12] {drewj} i use das
01[11:13] {&Threei}  (US) White House: Senate appears to be acting in good faith on budget; House republican plan is a partisan attempt to appease the Tea Party members
01[11:13] {&Threei}  heh
[11:13] {Les} down up down up
[11:13] {drewj} the best a computer can run if the hardware is good is when an operating system is freshly installed.
01[11:13] {&Threei}  those to be appeased are elcted just as any other
[11:14] {drewj} if you have an older model and you have not optimized it or re-installed an operating system then chances are you have a lot of junk files and it is pretty disorganized over all which will really slow it down.
[11:14] {drewj} my daugher has an emachine laptop and i keep it running well
[11:14] {Will49} yeah...it"really slow
[11:15] {drewj} have  you ever cleaned it or run the defragment program?
[11:15] {Will49} defrag every once in a while but doesn't seem to help much
[11:15] {Will49} cleaned if a couple of weeks ago....hear that heat is a problem, no?
[11:16] {Les} http://download.cnet.com/Auslogics-Disk-Defrag/3000-2094_4-10567503.html
[11:16] {drewj} as a computer gets used more and more the files get changed and become further and further apart
[11:16] {Les} here's a fast defragger
[11:16] {nemo} with amd chips they run hotter
[11:16] {nemo} also, you do need to clear the radiators periodically
[11:16] {drewj} the further apart they are the slower the computer seems to run.
[11:16] {drewj} it's not really broken...just disorganized
[11:16] {Will49} looks like i've got some work to do
[11:16] {drewj} you have to get the operating system back to its original state
[11:17] {Will49} tks Les
[11:17] {drewj} das is a really light program.
[11:17] {drewj} the program will do most of the work
[11:17] {Will49} OK
[11:18] {Will49} sorry for the caps there
[11:18] {drewj} was it fast when you bought it?
[11:18] {Alexs} first of all will try wipe up the screen
[11:18] {Will49} didn't mean to terminate the discussion :)
[11:18] {Will49} wipe up?
[11:19] {Alexs} lol just wipe
[11:19] {Will49} yeah drew..was fast as far as i recall
[11:20] {drewj} i'm pretty sure that with a dual core it should handle das with ease
[11:20] {Will49} but just started trading on it two weeks ago
[11:20] {drewj} how much ram do you have?
[11:20] {Will49} 2 gigs
[11:21] {drewj} that's not too much but i bet it will run smoothly when you clean it.
[11:22] {drewj} i notice a difference in performance on most computers after a month.
[11:22] {drewj} if you have not optimized it for a couple of years that may be a problem
[11:22] {drewj} good luck.
[11:22] {Will49} a month after you buy them you mean?
[11:22] {drewj} yes
[11:23] {Will49} tks again...i'll give you a progress report tomorrow
[11:23] {drewj} using the internet even a little will slow down any computer
[11:23] {+cc_9} did you folks buy the dip this morning ?
01[11:23] {&Threei}  depends of frequency of visiting porn sites... some might destroy it in hours
[11:23] {+cc_9} because we can't keep bringing this up anymore
[11:23] {drewj} ok
[11:24] {drewj} sorry cc
[11:26] {Will49} are we paying per character on Mirc or something?
[11:27] {Will49} or are we just boring you cc:)
01[11:29] {&Threei} Short Setup: SLW  .90 break
01[11:29] {&Threei}  If holds  21
[11:31] {Alexs} ?
01[11:31] {&Threei}  22
01[11:31] {&Threei}  come on
[11:36] {Les} Dino IVZ might be up your alley here
[11:37] {Les} wow FDX
01[11:43] {&Threei}  (US) Senate Majority Leader Reid (D-NV): House plan is an 'extreme' piece of legislation; Senate continues to make progress- House plan is no part of what was negotiated in the Senate
[11:46] {Alexs} looks like nobody negotiating any more everybody make speeches
01[11:47] {&Threei}  they still have 2 days
01[11:47] {&Threei}  it's 2 more days of looking important
01[11:47] {&Threei}  basking in attention
01[11:48] {&Threei}  interviews, TV appearances, blaming each other
01[11:48] {&Threei}  who in their right mind would cut that short
01[11:50] {&Threei}  oh, and the longer it draws the more you look like a savior in the end
01[11:51] {&Threei}  asking them to stop this is not unlike asking an actor to leave the scene
[11:53] {Alexs} In the past two weeks, investors have sold mountains of short-term debt issued by the government. Banks have also reduced their holdings, trimming such debt by more than 50% over that period, according to data from the Federal Reserve Bank of New York
[11:58] {Alexs} does it make sense to trail the stop?
01[11:59] {&Threei}  not really... no clear resistance to trail to
[12:00] {Alexs} k
[12:02] {RonS} sheesh...snowing...
01[12:02] {&Threei}  yikes
[12:02] {nemo} doin' lines again Ron?
[12:03] {Will49} lol
[12:03] {nemo} the old Peruvian snow storm
[12:11] {nemo} fb might be due for a bounce here
[12:13] {nemo} fib and pivot support
[12:13] {nemo} close to the whole number
[12:16] {Les} IVZ massive reversal day gap close coming
[12:17] {+cc_9} That's a pretty chart Les, added to watch list
[12:17] {Les} short covering EOD for starters
[12:18] {nemo} 32,54 us s4
[12:29] {Les} FDX dbi setup?
01[12:32] {&Threei}  kind of...
[12:33] {Les} given the vol. thinking 121 recross long
[12:34] {nemo} did that hurt?
[12:36] {Les} poor choice of verb
[12:43] {Alexs} slw stopped finally
[13:03] {Les} potential bottom here in IVZ
01[13:21] {&Threei}  be back in 40 min
[13:26] {+cc_9} Les, IVZ almost closing full gap now
[13:29] {Les} yeh onscreen.
[13:33] {Will49} drew...downloaded iobit systemcare...looks neat
[13:33] {drewj} nice
[13:33] {drewj} press the care button and watch it work
[13:33] {drewj} it will tell you how many problems you have...i'm curious what it will say
[13:34] {Will49} will let you know
[13:34] {drewj} ok
[13:34] {+cc_9} IVZ light here Les, stop loss 31.95
[13:34] {Will49} Vad...any setups since SLW
[13:34] {+cc_9} see if this thing can pop back to $33
[13:35] {Les} looking for a db
[13:38] {+cc_9} IVZ some bids
[13:38] {Les} no db let's go
[13:38] {+cc_9} IVZ need some .50s for a reversal
[13:40] {Alexs} now it more looks like a bear flag IVZ
[13:40] {Les} .25 break if holding .15
[13:40] {Les} nemo can argue over the hammer tail support area
[13:50] {+cc_9} IVZ back to the .40s
[13:50] {+cc_9} look @ IVZ on 15min volume + candle
[13:53] {+cc_9} .50s on deck
[13:53] {+cc_9} so far so good.
[13:53] {Les} where's yer entry?
[13:53] {+cc_9} .31
[13:53] {+cc_9} im shooting for 33.00 tgt
[13:54] {Les} looks good
[13:57] {+cc_9} .60s giddy up
[13:57] {Les} great reversal setup paying 1:3 already gj cc
[13:57] {+cc_9} gap filled to the T
[13:57] {+cc_9} Les, it was your alert, to thanks!
[13:57] {+cc_9} so*
[13:57] {drewj} cc is the gap at .70?
[13:57] {Les} I see these things, but gotta define it according to Vad's game plan this time, or gonna destroy myself again
[13:58] {+cc_9} drew, gap from 10/9
[13:58] {drewj} ok
[14:00] {+cc_9} IVZ .75 printing
[14:00] {+cc_9} $0.25 to go
[14:01] {+cc_9} out hakf .76
[14:01] {+cc_9} riding rest stop @ cost. Thanks Les, this was my last one for today.
[14:06] {Les} hope my future holds the same. you're welcome. good crew here in this room
[14:07] {Will49} drew...guess Vad has stepped away..were there any alerts after SLW at 12:43 ?
[14:08] {drewj} no that was the last one
[14:08] {Will49} tks
[14:08] {drewj} sure...anytime
01[14:10] {&Threei}  back
01[14:10] {&Threei}  wow, I missed a lot I see
[14:12] {Les} IVZ was a nice reversal setup
[14:12] {Les} and Nemo drank himself into another stupor
[14:13] {nemo} not a drop
[14:13] {nemo} or a gallon
[14:14] {Les} let's speak setup support bunny boy
[14:14] {nemo} ?
[14:14] {Les} hammer on IVZ at 1:32
[14:14] {nemo} Yeah, I said gap close was .19
[14:14] {Les} to tail or not to tail, what is the appropriate support
[14:14] {nemo} ?
[14:15] {Les} I used the body and alittle bit of the tail, not the entire tail
[14:15] {nemo} what?  u talkin' sheep again?
[14:15] {RonS} kinky...
[14:18] {Alexs} fb short .85?
01[14:19] {&Threei}  50/50
[14:20] {Alexs} it's better when in casino
[14:21] {nemo} is he gone?
01[14:24] {&Threei}  (US) Senator Murphy (D-CT): "Negotiations have stopped in the Senate" - NBC tweet- NBC tweets that Murphy said "I have never seen Democratic senators so upset during a Tuesday lunch meeting." - Murphy is a junior Senator, who assumed office in Jan of this year. **Note: A press confernce is currently being set up at Capitol Hill
01[14:25] {&Threei}  another idiot opened his mouth
[14:25] {nemo} trade by headline
01[14:26] {&Threei}  (US) Senator Durbin: Senate negotiations have been suspended until House Republicans work out a plan to proceed on debt limit
[14:26] {Will49} effin ridiculous
01[14:26] {&Threei}  meanwhile:
01[14:26] {&Threei}  (US) Some members of the GOP said to be considering requesting the Boehner proposal become more stringent, while others want to vote on a clean CR
[14:26] {Will49} all the world's a stage...but DC is an insane assylum
[14:29] {Alexs} fb worked nicely
01[14:30] {&Threei}  headline help
[14:33] {Alexs} yes everything is falling
[14:37] {nemo} index bounce spot...good for trap too
01[14:37] {&Threei}  - Senator Feinstein (D-CA): Budget talks have fallen apart
01[14:37] {&Threei}  too many imbeciles and microphones
[14:38] {Alexs} nice for day trading
01[14:39] {&Threei}  not if you get setup in one direction and headline comes at unscheduled time sending market in another
01[14:39] {&Threei} Short Setup: GLD  .90 break
01[14:40] {&Threei}  If holds  124
01[14:40] {&Threei}  let's do hl
[14:40] {nemo} not really Alex, too much headline risk
[14:40] {Alexs} just kidding
[14:40] {nemo} frickin' pizdah
[14:41] {Alexs} ty nemo
[14:41] {Alexs} feeling myself in russia
01[14:41] {&Threei}  lol
[14:42] {nemo} spasibo
01[14:43] {&Threei}  goinshort, you here?
[14:44] {goinshort} back now
01[14:44] {&Threei}  look dcc please
01[14:50] {&Threei}  crap, missed GLD top
01[14:51] {&Threei}  .25 eas trigger, just happend too fast
[14:51] {Alexs} don't miss a bottom
[14:52] {nemo} somebody's aide just came out and said talks could restart
[14:52] {nemo} the frickin' newsreading algo's are brutal
01[14:55] {&Threei}  (US) Rev Flemming: House could vote on a new debt ceiling plan tonight or tomorrow morning
[14:55] {Alexs} lol
01[14:55] {&Threei}  or not
01[14:56] {&Threei}  cretins, fine; but cretins wioth microphones, oy
[14:56] {Alexs} everybody just makes money
01[14:57] {&Threei} Long Setup:  FB  .60 break
01[14:57] {&Threei}  If holds  .50
01[14:57] {&Threei}  and pray another idiot doesn't come to mike and says no deal ever
[14:59] {drewj} vad do you ever try to use news as a trading decision?
01[14:59] {&Threei}  not directly
01[15:00] {&Threei}  you can't be a first
01[15:00] {&Threei}  and when you are not, you better read charts
[15:00] {nemo} we send Les first
[15:00] {drewj} funny
01[15:00] {&Threei}  there is an article about it I wrote at some point...
[15:00] {drewj} usually there is:)
[15:01] {nemo} he loves stepping on landmines
01[15:01] {&Threei}  well, what do you know
01[15:01] {&Threei}  http://blog.realitytrader.com/2011/09/news-tradeem-or-fadeem.html
[15:03] {+cc_9} JCP, this is just sad now
[15:07] {Alexs} frikin' FB
[15:07] {nemo} McConnel aid came out said repubs haven't walked away from agreement
01[15:08] {&Threei}  (US) Senate Minority Leader McConnell (R-KY) Spokesman: Senate GOP leaders have not walked away from a deal with Majority Leader Reid, talks are simply on hold until the House acts
01[15:08] {&Threei}  unfrikinbeliavable
[15:08] {Will49} on hold until both houses can maximize their equity holdings
01[15:09] {&Threei} Short Setup: GLD  .85 break
01[15:09] {&Threei}  change to .90 break
01[15:09] {&Threei}  If holds  124
01[15:10] {&Threei}  target 1:5
01[15:10] {&Threei}  1:1
01[15:10] {&Threei}  1:2
01[15:12] {&Threei}  - Majority Leader Reid (D-NV) Spokesman: Talks have not broken down, Senate is waiting to see what the House does, Senate deal will be back after the House plan fails.
01[15:12] {&Threei}  lol
01[15:14] {&Threei}  1:3
01[15:19] {&Threei}  1:4
[15:20] {nemo} gdx looks short
01[15:20] {&Threei}  ,GDX} and I spent so much on clothes with vertical stripes...
01[15:20] {&Threei}  out last piece on a trail
[15:21] {Will49} good one vad
01[15:21] {&Threei}  4 cents shy of 1:5
[15:21] {Will49} gotta run
[15:26] {robbers} Sorry to say I just got back to my desk and missed GLD, good call though.
01[15:26] {&Threei}  ugh
[15:31] {nemo} I might just wait until they get this thing settled
[15:32] {drewj} EOD for me.  Take care guys.
[15:32] {drewj} see you tomorrow
01[15:35] {&Threei}  take care drew
01[15:46] {&Threei}  OK guys, no more trades
01[15:46] {&Threei}  thank you all, have a great evening
[15:46] {+cc_9} take care
01[15:46] {&Threei}  see you tomorrow for another he said she said