Friday, November 8, 2013

Nov 08 2013

Nice end to the week, with a few small stops but quite a few juicy wins putting us strongly on a winning side. One of them, BBY short at the end of the day was a bit more creative setup than usual - check it out, partialing in, partialing out.

Session Time: Fri Nov 08 00:00:00 2013
[08:30] {nemo} oh oh...
[09:03] {+cc_9} Good morning folks. Thanks Obama.
[09:03] {nemo} why?
[09:04] {nemo} you just check how much insurance gonna'' cost u?
[09:04] {+cc_9} unemployment is going up
[09:04] {+cc_9} great news for the market
[09:04] {+cc_9} should get a pop
[09:04] {nemo} I thought non far payrolls came in twice as strong as usual
[09:04] {nemo} expected
[09:05] {+cc_9} there is the pop
[09:05] {+cc_9} SPY back positive
01[09:05] {&Threei}  morning guys
[09:07] {mrcanada} i don't understand why Obama has changed your great health care system in the U.S. to what we have in
[09:08] {mrcanada} Canada...
01[09:09] {&Threei}  I don't think they have now what we have... theirs is some very weird hybrid with no internal logic and immensely complicated
[09:09] {+cc_9} what we have now is nothing like you have in Canada
[09:10] {mrcanada} we have to wait up to a year for knee the states you can get the same surgery done in less than a week
[09:10] {RonS} thought you were French Canadian...??
01[09:10] {&Threei}  lol
01[09:10] {&Threei}  morning ron
[09:10] {mrcanada} I live in Quebec
[09:11] {nemo} Yeah...but what they think they're gonna'  They want to make sure we all suffer equally down here
[09:11] {nemo} They don't realize it will still end up being the rich will be able to pay and they'll just make the poor and the  middle class equal
[09:11] {mrcanada} just like we do in Canada...
[09:12] {nemo}'s so funny, but everybody will be equally unable to get care...that's fair
[09:12] {mrcanada} I have a good friend who is a surgeon in Baston and he tells me of the Canadians who go there for surgery that would have to wait in Canada
[09:13] {nemo} My nephew's acl surgery was done by a Canadian...his partner is Canadian...they couldn't find jobs up there
01[09:13] {&Threei}  that happens all over Canada, yes. Those who can afford it go to USA for a quick care
01[09:14] {&Threei}  those who can't wait for years for hip replacement, knee fix etc
[09:14] {nemo} just to see a specialist
01[09:14] {&Threei}  sometimes weeks or months to see a specialist
[09:14] {mrcanada} if u have saved and work hard why shouldn't you be allowed to "buy" what you want
[09:14] {mrcanada} vad...that is it in a nutshell
[09:14] {nemo} we all equal...if poor people don't have can't
[09:15] {mrcanada} that's teh way it works in canada...unless you play hockey for one of the professional teams
01[09:15] {&Threei}  hehe
[09:16] {RonS} nightmare is unending:  US to require insurers to cover mental health, addiction same as physical illness, Sebelius announces
[09:16] {nemo} according to Psychologist...everybody has a syndrome
[09:17] {mrcanada} our doctors are capped at $500k that they are allowed to bill on average
[09:17] {nemo} per patient, or per year?
[09:17] {mrcanada} and that is before expenses
[09:17] {mrcanada} per year
[09:18] {nemo}, then they stop working
01[09:18] {&Threei}  reminds me poilicies of Victoria city core. You can shoot up sitting on the doorstep of the store, no one will say anything. But have a smoke within 7 metres of the same doorstep, you are in bylaw violation and can get ticketed
[09:18] {dino} gm
[09:19] {dino} side track day, couple r.e. closings
01[09:19] {&Threei}  nemo, yes, and we wonder why it's a problem to find family doctor
[09:19] {Will49} gm
01[09:19] {&Threei}  dino, will :)
[09:19] {mrcanada} yes...but to make the same amount of $$ that the same specialist makes in the U.s. they have to see 10 times as many patients in a day as the government dictates how much they can bill for a consult or a surgery
[09:20] {mrcanada} vad...too they have "safe injection sites" in victoria as well?
01[09:21] {&Threei}  they used to... then feds pressure and neighborhood protests closed it,
01[09:21] {&Threei}  now they are fighint to open it again and I am sure will succeed
[09:21] {+cc_9} FB creeping up in pre-market
[09:21] {nemo} mos, is a watched pot
[09:22] {drewj} gm all
[09:22] {+cc_9} My watch : SCTY . DVN . FB . GDX . UNXL
[09:22] {ese} gm
01[09:23] {&Threei}  drew, ese :)
[09:23] {ese} cowering........ducking
[09:23] {ese} phewwwwwwww
01[09:23] {&Threei}  Sibelius: I designed the website in a drunken stupor. It's all Toronto mayor's fault.
[09:23] {RonS} unxl is treacherous...
[09:23] {RonS} highly manipulated...unxl
01[09:27] {&Threei}  GDX...
01[09:27] {&Threei}  .80 - .90 range
[09:27] {Alexs} gm
[09:27] {RonS} hommie pressure on this interest rate move...
01[09:27] {&Threei}  alex :)
[09:30] {+cc_9} ding ding ding, no need to take risks today, think of the weekend :)
[09:31] {RonS} reits getting smacked
01[09:31] {&Threei}  .s gld .35 break
01[09:31] {&Threei} Short Setup: GLD  .35 break
01[09:31] {&Threei}  If holds  .45
01[09:31] {&Threei}  GDX got away
[09:32] {+cc_9} DVN long here for target 61
[09:32] {+cc_9} still big spread :(
[09:33] {+cc_9} GDX taking a dump
01[09:34] {&Threei}  stop to .41
01[09:34] {&Threei}  1:1
[09:34] {dino} gotta hop, back in hour or two
01[09:35] {&Threei}  we'll hold the fortress dino
[09:35] {ese} cya dino
01[09:35] {&Threei}  1:2
[09:35] {+cc_9} DVN so far so good
01[09:35] {&Threei}  1:3
[09:35] {robbers} Out, thanks.
01[09:35] {&Threei}  out
01[09:35] {&Threei}  yw
01[09:35] {&Threei}  let's go home?
[09:36] {Will49} nice start Vad
01[09:36] {&Threei}  imagine, Les comes in, no one's here
[09:36] {nemo} that's how it should be
01[09:36] {&Threei}  lol
[09:37] {+cc_9} GDX here for a bounce ?
01[09:38] {&Threei}  one more dive under .60 and holding .55, I'd feel safe taking it long on .60 recross
01[09:38] {&Threei}  or consolidation for couple more min and break of .65
[09:38] {+cc_9} SCTY spooky here
[09:39] {nemo} ddd
[09:39] {+cc_9} SCTY moved $2.00 in a heartbeat
01[09:39] {&Threei} Long Setup:  GDX  .60 break
01[09:39] {&Threei}  If holds  .55
[09:39] {+cc_9} TWTR tanking
[09:39] {+cc_9} "tanking"
01[09:40] {&Threei}  yuck
[09:40] {nemo} short it
01[09:40] {&Threei}  2.5 bucks in 4 bars
[09:40] {nemo} We'll look back in the Spring and call it the Twitter Top
01[09:40] {&Threei}  definition of cheap beer
[09:40] {+cc_9} SCTY cash cow
[09:43] {+cc_9} SCTY boom
01[09:43] {&Threei}  meh
[09:43] {+cc_9} TWTR squatting lows
[09:44] {+cc_9} SPY new highs
[09:44] {+cc_9} SCTY nonstop :D
[09:45] {+cc_9} out SCTY for $1.15 on limit
[09:45] {Will49} nice
01[09:45] {&Threei} Short Setup: C  .30 break
[09:45] {robbers} wtg
[09:45] {+cc_9} ty
01[09:45] {&Threei}  If holds  .40
[09:46] {nemo} finnies still strong, but this is an inflection point
[09:46] {+cc_9} GDX long 23.57
01[09:47] {&Threei} Short Setup: JPM  .60 break
01[09:47] {&Threei}  If holds  .65
[09:47] {nemo} gdx in the gap, may want to fill
[09:48] {+cc_9} out DVN for $0.25
[09:48] {+cc_9} sitting on GDX only for now
01[09:48] {&Threei}  {GDX} what am I, a horse??
[09:48] {nemo} gap close around .28 S3 @.06
[09:48] {+cc_9} DDD son of a fatherless dog
[09:49] {ese} L slca ,24
01[09:49] {&Threei}  come on JPM, trigger
[09:49] {nemo} no son of a motherless Les!
01[09:49] {&Threei}  meh
[09:50] {nemo} wfm mos
[09:50] {RonS} ese...slca secondary at 31...likely magnet
[09:52] {ese} ya just thinkin that
[09:53] {ese} am lookin for that gap fill
[09:53] {+cc_9} DDD about to go full on APEMODE
[09:54] {ese} am in dino sm 400
[09:54] {+cc_9} GDX turning around
[09:55] {ese} oh oh
[09:55] {+cc_9} out GDX for $0.10
[09:56] {ese} michigan or job numbers.....which will win out
[09:56] {+cc_9} SCTY : check / GDX : check / DVN : check / DDD : f**k
[09:56] {+cc_9} DDD gorilla mode
[09:57] {nemo} yeah...bottom was 23.6 retrace off that swing low
[09:57] {nemo} about 10 days ago
[09:57] {+cc_9} GDX boom
[10:00] {+cc_9} 09:46 cc_9 GDX long 23.57
[10:00] {+cc_9} :)
01[10:01] {&Threei} Short Setup: FB  .10 break hl
01[10:01] {&Threei}  If holds  .20
01[10:02] {&Threei}  Invalidated
[10:02] {nemo} spelling!
01[10:02] {&Threei}  sorry
[10:02] {Alexs} what kind of setup was FB?
01[10:03] {&Threei}  "I feel burned" by this dictionary
01[10:03] {&Threei}  short into bounce
[10:03] {RonS} feye sm l .20
01[10:03] {&Threei}  double top
[10:03] {nemo} Funny, got this asshole on my Twitter feed sings the praises of the Canadian health system and how he knows it (lives in North Carolina).  I tell him I talk to Canadians every day...still says I'm full of shit
[10:05] {ese} wow ....thats some retrace there ron
[10:05] {Will49} are we shorting FB under .10?
[10:05] {ese} small with y L feye .48
01[10:06] {&Threei}  [10:02] {&Threei} Invalidated
01[10:06] {&Threei}  .20 howevere...
01[10:06] {&Threei}  maybe
01[10:06] {&Threei} Short Setup: FB  .20 break hl
[10:06] {nemo} fb at major support on the daily
01[10:06] {&Threei}  If holds  .30
[10:06] {RonS} feye beat and raise...
[10:07] {ese} nice
01[10:07] {&Threei}  change to .25
01[10:07] {&Threei}  and .35
[10:07] {+cc_9} C huge move up
01[10:07] {&Threei}  ok FB
01[10:07] {&Threei}  die
[10:08] {+cc_9} feel like shorting C on this frenzy
01[10:08] {&Threei}  hmmm... not dying
[10:09] {ese} out feye .92 +.44
[10:09] {nemo} probably not today, look at the daily, why wreck it for the weekend
[10:09] {ese} thanks Ron
[10:09] {RonS} np
[10:09] {ese} ride em cowboy
01[10:09] {&Threei}  meh
[10:09] {+cc_9} short C light 49.78 on extended run
[10:09] {+cc_9} looking for { 49.60 tgt
[10:11] {nemo} strong side on algo filling out
[10:12] {Alexs} GDX short .65?
01[10:12] {&Threei} Short Setup: GLD  124 break
01[10:12] {&Threei}  If holds  .10
01[10:13] {&Threei}  GDX, not sure
[10:13] {+cc_9} C getting tired
[10:13] {+cc_9} time to take profits goyim
[10:13] {Alexs} talking to yourself cc?
[10:14] {+cc_9} no, to people that are buying up C on this move up
01[10:14] {&Threei}  as he often does in one of his drunken stupors
[10:14] {+cc_9} they need to sell so i can cover
01[10:14] {&Threei}  lol, Toronto mayor made this phrase immortal
[10:15] {nemo} stick it in your pipe and smoke it?
[10:16] {ese} L gild .89 full lot
[10:17] {+cc_9} getting oven'ed on that C short
[10:17] {ese} stop to break even
[10:17] {+cc_9} SPY going higher, C full on zoo mode
[10:17] {ese} lets see what happens
[10:18] {nemo} we should recover at least half the lost ground of yesterday
[10:18] {nemo} strong side filling out, almost nothing on the weak side
[10:19] {+cc_9} C is due for a fade
[10:19] {+cc_9} profits must be taken
[10:19] {+cc_9} tgt unchanged, under 49.60
[10:19] {ese} out gild .96 +.07
[10:19] {ese} took my 70 bucks
01[10:19] {&Threei}  stop to .06
[10:19] {nemo} maybe when finnies get back to yesterday's high, that's the Weekly pivot
[10:19] {ese} next!
[10:20] {+cc_9} C refuses to die
[10:20] {nemo} BTFD!!! CC
01[10:20] {&Threei}  1:1
[10:20] {+cc_9} im 4/4, need C to die for 5/5
[10:20] {nemo} 176.33 weekly pivot on spy 176.70ish resistance
[10:20] {ese} slca looking like it might make a go of that gap
[10:21] {+cc_9} will stay with it, its going to breath
01[10:21] {&Threei}  1:2
01[10:21] {&Threei}  another one destined for eternal life: "Obviously, I was extremely, extremely inebriated"
[10:22] {Will49} what a national embarrasment
[10:22] {nemo} strong and weak:
[10:22] {ese} ya saw that.........what a joke that guy is.......interesting thing is that they don't seem to have system to get rid of him
[10:22] {Will49} bullet
[10:22] {nemo} freight train
[10:23] {ese} yup...should be a bullet
[10:23] {RonS} voodoo induced heart attack...better yet 10lbs of crack and let the glutton do it himself...
[10:23] {Will49} he'd derail a train
[10:24] {+cc_9} VXX just noticed it R/S'ed
[10:24] {Will49} so now we've got Bieber AND Ford
[10:24] {Will49} what a circus
[10:25] {RonS} Leno: Ocare website is slower than Justin Bieber's puberty...
[10:25] {Will49} lol
[10:26] {+cc_9} C tagging $50.00. Oy vey
[10:26] {+cc_9} this is like another shoah
[10:28] {ese} slca stop to break even .25
[10:28] {+cc_9} XLF stubborn
[10:30] {+cc_9} Feels like a +300 dow day
[10:30] {ese} really?
[10:31] {Alexs} does it always work that all gaps should be filled?
01[10:32] {&Threei}  nothing is always
[10:32] {ese} sort of an old wives tale
01[10:32] {&Threei}  everything is sometimes
01[10:32] {&Threei}  most is often
[10:32] {ese} you have to watch the price action
[10:32] {Will49} my brain hurts
[10:33] {RonS} works best w/ 5 yr volume gaps combined w/ price...
01[10:33] {&Threei}  mine doesn't... and don't you dare theorize why
[10:33] {ese} Price goes up except when it doesn't and it goes down except when it doesn't
[10:33] {Will49} failed me
[10:33] {nemo} stand up will, it won't hurt so much
[10:33] {RonS} doo be doo be doo...
[10:33] {Will49} that's better :)
[10:34] {+cc_9} C needs a reality check, up nonstop since the bell, that's can't stick
[10:34] {ese} what do you mean by 5 yr volume gaps ron?
[10:34] {nemo} a single glial cell doesn't have enough pain sensors to register Vad
[10:34] {nemo} Yes it can CC
[10:35] {RonS} cc remeber the revese's only a $5 stock...
[10:35] {nemo} next inflection just above .30 in spy
[10:35] {nemo} finnies almost to weekly pivot...likely they hang out there
01[10:35] {&Threei} Short Setup: MCD  .50 break hl
[10:35] {ese} slca out .54 +.30
[10:35] {RonS} gj ese
01[10:35] {&Threei}  If holds  .60
[10:35] {ese} tks
[10:35] {+cc_9} so why aren't you long C nemo ?
[10:36] {ese} outta here.......participating in a few remembrance day ceremonies today....cya tuesday
01[10:36] {&Threei}  take care ese
[10:36] {+cc_9} later ese
[10:36] {+cc_9} enjoy the wkend
[10:36] {ese} cc vad
[10:36] {Will49} beer
[10:36] {RonS} alzheimer's event?
[10:36] {ese} definitely
[10:39] {RonS} out feye 37.45 +1.25
[10:39] {+cc_9} C slow decay
[10:40] {+cc_9} needs flush under 49.85
01[10:49] {&Threei}  let's trail to .56
01[10:50] {&Threei}  1/2 meh
[10:55] {RonS} LEN
[10:56] {+cc_9} C slowly getting there, good girl.
[10:56] {Will49} i knew a girl like that once
[10:57] {nemo} she like to get her knees dirty?
[10:57] {+cc_9} Storm has 235 mph wind gusts
[10:57] {Will49} oh nemo
[10:57] {nemo} we need to decrease the surplus population anyway
[10:57] {+cc_9} i was watching some live earth cams in Philipines yesterday
[10:57] {+cc_9} but on feed today
[10:57] {nemo} ctxs letting go
[10:59] {+cc_9} missed the drop, shame
[11:00] {+cc_9} C getting tired, market @ highs
[11:00] {Will49} are markets closed on Monday?
[11:00] {RonS} no
[11:01] {Will49} tks ron
[11:01] {+cc_9} Will :
[11:01] {RonS} lol...that was pretty cool...
[11:01] {+cc_9} C { 49.80
[11:01] {Will49} tks cc
[11:02] {+cc_9} np
[11:02] {Will49} informative and made me feel stupid all at once :)
[11:02] {RonS} lol
[11:03] {nemo} indices look short but I think 175.80 likely to be the bottom in spy
[11:03] {+cc_9} C block trade
[11:03] {RonS} now you know how Les feels often...  :)
[11:03] {+cc_9} wowza 500k
[11:03] {+cc_9} wait, maybe not
[11:03] {+cc_9} does anyone see a 500k on 1min C ?
[11:03] {RonS} nuts feye 39.15
[11:03] {+cc_9} shows on some charts, but not others
[11:04] {nemo} acn
[11:05] {RonS} block here cc
[11:11] {+cc_9} thanks Ron
[11:11] {+cc_9} looks like a settlement trade then
[11:11] {nemo} look for ctxs maybe to short wen it get's back up in the .60 area
[11:12] {+cc_9} FAZ back @ yesterday's lows
[11:12] {nemo} fas at yesterday's highs ;-)
[11:12] {nemo} almost...yesterday's highs was the Monthly Pivot
[11:12] {+cc_9} yes...
[11:12] {+cc_9} OLED, look @ that chart nemo
[11:13] {+cc_9} spooky but a short trade could be decent on a profit taking move
[11:13] {nemo} was that earnings?
[11:13] {+cc_9} do you want me to google that for you too ?
[11:13] {nemo} cute
[11:13] {+cc_9}
[11:13] {nemo} no don't care
[11:14] {+cc_9} Nemo's feelings status : hurt
[11:14] {+cc_9} update your facebook
[11:14] {nemo} just asked a simple question, "I don't know" would have been fine
[11:14] {nemo} feelings hurt?
[11:14] {nemo} Vad, do I have feelings?
[11:14] {+cc_9} Nemo's buttfeelings status "devastated"
[11:14] {+cc_9} update your twitter
01[11:15] {&Threei}  hmmm
[11:15] {nemo} now your gonna' make me piss my Depends
[11:15] {+cc_9} yes, earnings nemo, lifted guidance as well
[11:15] {+cc_9} avg daily vol is garbage
[11:16] {nemo} yeah, and organic LEDs are all the rage, probably doesn't come in today
[11:16] {+cc_9} 31% float is short on it
[11:17] {nemo} that's kinda' asking to get ur ass handed to ya' if you're gonna' short it
[11:17] {nemo} that would mean giving up ur brain
[11:17] {nemo} probably not a good idea
[11:18] {+cc_9} someone please post "lol", im starting to feel bad.
[11:18] {Will49} looks good on ya
[11:18] {nemo} "feerings, nothing more than feerings"    ~RonS
[11:18] {+cc_9} C losing bids, still short
[11:20] {+cc_9} 5/5 : C short entries }}}
[11:20] {+cc_9} +
[11:20] {+cc_9} +$0.15, staying short
[11:21] {nemo} indexes on higher time frames starting to set up short
[11:22] {nemo} ctxs likely a short here
[11:23] {+cc_9} DDD new highs, still aping
01[11:24] {&Threei}  frikin MCD
[11:25] {+cc_9} XLF loses this bid and C will be making mint
[11:28] {+cc_9} covering C here +$0.20. 5/5
[11:29] {+cc_9} C losing bid { $49.70 :)
[11:30] {dino} .
[11:30] {+cc_9} and there she goes, XLF loses penny bid, C loses 8
[11:33] {nemo} ok all indexes look short now
[11:33] {RonS} or selling today?
01[11:34] {&Threei} Short Setup: WMT  .50 break
[11:34] {+cc_9} look @ that sell block on C :D
[11:34] {dino} selling/sold 3 parcels
01[11:35] {&Threei}  in full, or partialing out, dino?
[11:36] {Alexs} WMT looks two sided?
[11:36] {Alexs} I mean .60 break?
01[11:36] {&Threei}  I don't want to go long on such break at this time of the day alex
[11:36] {dino} still hold a lot of r.e. 2 more sales within 30 days. will still be holding a lot
01[11:36] {&Threei}  I'd rather look to short recross
[11:36] {nemo} well, so much for that idea
[11:36] {Alexs} .60?
01[11:36] {&Threei}  yeah
[11:37] {+cc_9} C still breaking down :)
[11:37] {+cc_9} even as SPY inches higher
[11:37] {+cc_9} hence
[11:37] {+cc_9} 10:34 cc_9 C needs a reality check, up nonstop since the bell, that's can't stick
[11:38] {RonS} missed a beaut dino...feye...beat and raise and they sold it 1.25...missed 3.15...
[11:39] {dino} nice
01[11:40] {&Threei} Short Setup: WMT  .60 break
01[11:40] {&Threei}  If holds  .65
[11:41] {Les} binkey's back
[11:41] {Les} how goes it?
[11:42] {nemo} you see the movie Argo, Les?
[11:42] {Les} yeh
[11:42] {nemo} you know what I'm gonna' say, don't ya'?
[11:42] {Les} are we in Tehren trying to get out here?
01[11:42] {&Threei}  morning Les
[11:43] {nemo} not exactly, but you do conjure up thoughts of the Fedayeen
01[11:43] {&Threei}  1:3er, 1:2er, a few mehs
[11:44] {Les} GLD at vwap. to short on not to short. no convincing setup yet
[11:44] {Les} fffffffFB .65 long?
[11:45] {Les} FB
[11:45] {Les} looking at TWTR
01[11:45] {&Threei}  ?
01[11:45] {&Threei}  are you high? 3 calls in 1 min
[11:45] {nemo} he's medicated Vad
[11:46] {Les} TWTR making a base and looking ready to pop, FB looks like sympathy play
[11:46] {goinshort} how about C for a vwap bounce?
[11:46] {Alexs} wmt still valid?
01[11:46] {&Threei}  their charts are not even remotely close today
01[11:46] {&Threei}  WMT, no
[11:47] {Les} lol should have just taken FB on its own merits then 1:1
01[11:47] {&Threei}  C probably has one more breakdown in it
[11:49] {Les} GLD respects vwap, although doesn't look ready for 124 short yet
[11:51] {goinshort} are you thinking down to 49.38 area on C?
01[11:51] {&Threei}  can't tell really... action is too slow for a clear read
01[11:52] {&Threei}  if nothing changes, I'd expect .40 to hold
[11:53] {+cc_9} C losing 49.60 bid :)
[11:55] {+cc_9} 10:18 cc_9 C is due for a fade
[11:55] {+cc_9} 10:19 cc_9 tgt unchanged, under 49.60
[11:55] {+cc_9} ;)
[11:55] {Alexs} WMT looks long again
01[11:58] {&Threei}  {WMT} I so don't...
[11:58] {Alexs} lol
[12:02] {dino} scty sm l .10
[12:05] {nemo} taking it long right up against vwap?
01[12:07] {&Threei} Long Setup:  FB  .80 break
[12:09] {Les} gld ready 124 b/d?
[12:10] {Alexs} stop .91?
01[12:10] {&Threei}  ?
01[12:10] {&Threei}  .69
[12:10] {Alexs} took it short by mistake
01[12:16] {&Threei}  1:1
[12:16] {dino} scty stop to .80
01[12:16] {&Threei}  now alex... if you covered at .73 and then took it long, that's luckiest mistake ever {G}
[12:17] {Alexs} no, just covered at .75
01[12:17] {&Threei}  ok... better than poke in the eye
01[12:17] {&Threei}  Les, took FB?
[12:17] {Alexs} lol
[12:20] {Les} yeh
01[12:20] {&Threei}  cool
[12:21] {Les} need to meditate haven't had time
[12:21] {Les} started contrarian play against you
01[12:21] {&Threei}  just not during open trade
[12:21] {Les} and then slapped myself
[12:21] {Les} and played it by the book
[12:21] {Les} thinking bad
01[12:22] {&Threei}  what is it about me that everyone wants to play against me...
[12:22] {Les} the bacon
01[12:22] {&Threei}  must be it
[12:22] {dino} scty to .14
[12:23] {Les} FB respecting the VWAP just overhead
[12:24] {dino} out scty .12, +1.02
[12:24] {RonS} gj
[12:24] {dino} ty
[12:24] {Les} nice
[12:28] {+cc_9} bored, gonna load up SIRI here and try to get 3.62
01[12:28] {&Threei} Long Setup:  SLW  .40 break
01[12:28] {&Threei}  .c .35
01[12:28] {&Threei}  If holds  .35
01[12:28] {&Threei}  just a scalp most likely
[12:32] {+cc_9} FB dumpathon
[12:33] {dino} lol
01[12:36] {&Threei}
[12:41] {goinshort} out the C bounce
01[12:41] {&Threei}  nice'
[12:41] {Les} great one GS completely forgot about it
[12:46] {+cc_9} FB @ lows
[12:47] {Les} had the right idea. would have gotten stopped out as vad was cashing in though.
[12:47] {Les} timing is everything
[12:47] {Les} GLD what the frik ya doing here
01[12:47] {&Threei}  it so is
01[12:47] {&Threei}  les... look dcc pls
[12:53] {Les} small GLD short here
[12:53] {Les} dunno what its got but its been looking short some time now
01[12:54] {&Threei}  we did two shorts on it todasy, 1:3 and 1:2
01[12:54] {&Threei}  so certainly pays on a short time today
01[12:54] {&Threei}  short side
[12:54] {Les} ok
[12:57] {Les} 1:1 GLD
01[12:57] {&Threei}  wtg
01[12:57] {&Threei}  you were stalking it for a while
01[12:57] {&Threei}  way to stick with idea and time it right
[12:57] {Les} lol when a scalp is a reason to celebrate...
[12:57] {nemo} damn missed the mos breakout
[12:57] {+cc_9} offering .62/.63 SIRI then calling it a week
01[12:57] {&Threei}  why not, it's a quiet time on friday
[12:58] {Les} now hoping its fakout and runs back through .00 taking SLW with it
[12:59] {+cc_9} sold my .62s, all done here folks
[12:59] {+cc_9} you all have a great weekend and see you Monday :)
[13:00] {Will49} peace
01[13:00] {&Threei}  you too
[13:00] {Alexs} Les ruined our SLW trade
01[13:01] {&Threei}  he so did
[13:08] {Les} short short iwm .18 sotp hOd .27
[13:25] {Les} 2nd half GLD stopped
[13:25] {Les} IWM stopped
01[13:43] {&Threei}  (US) Fed's Lockhart: Cannot rule out a December taper, but there is some upcoming data that will still have some 'noise' - comments to reporters- Cannot draw too many conclusions from one month's jobs figures. If we saw convincing and sustained jobs growth it would move up the start of QE tapering. - Forward guidance can be a direct form of monetary stimulus - Hopeful fight on the budget in Congress will not have any permanent impacts
01[13:49] {&Threei}  this below must be taken from night time comedy show
01[13:49] {&Threei}  (US) President Obama: There is no question that the Govt shutdown hurt the US jobs market- Again urges Congress to pass a Farm Bill and Immigration reform bill. "I don't know what the hold up is." - Democrats and Republicans should work together on creating a responsible budget. Reiterates we should close wasteful tax loopholes, and invest in infrastructure, R&D, and education.
01[13:49] {&Threei}  "I don't know what the hold up is."?
01[13:50] {&Threei}  the most hands-off president of all times
[13:50] {dino} that guy is so full of **it
[13:51] {Les} think people seeing thru him now
[13:51] {Les} at least outside US
[13:51] {dino} about time
01[13:52] {&Threei}  I still have hard time underatanding how those inside haven't during last election
[13:52] {dino} blinded by govt payments, plus the news is so liberal biased it gives me the chills
01[13:53] {&Threei}  I understand it all in theory, dino...
01[13:53] {&Threei}  I just don't want to believe this is it
[13:53] {dino} i know you do
01[13:54] {&Threei}  because this is/was the last country on earth holding the fort
[13:54] {dino} i'm afraid it is it, usa is at tipping point
[13:54] {dino} when people realize they can vote themselves benefits, they do
01[13:55] {&Threei}  amazes me that no matter what you start with, you end up with socialism
01[13:56] {&Threei}  now I understand why nature put polar bears and penguins on opposite ends... penguins would have voted bears out of existence
[13:57] {dino} politics of envy
01[13:57] {&Threei} Short Setup: C  .90 break
01[13:57] {&Threei}  If holds  .95
[14:03] {thomcbell} steady market huh
01[14:03] {&Threei}  yeah
01[14:04] {&Threei}  slow afternoons this week
01[14:06] {&Threei}  die more C
01[14:06] {&Threei}  die harder
01[14:06] {&Threei}  fie faster
[14:06] {Les} die another day
01[14:06] {&Threei}  today would be better
01[14:06] {&Threei}  1:1
[14:07] {Les} goin the Pierce Brosnan angle
01[14:07] {&Threei}  :)
[14:07] {Les} you were gunnin for Willis
01[14:07] {&Threei}  notice how we adjust... yesterday and today, while far from stellar, are much better than first days of the week
01[14:08] {&Threei}  room long timers recognize the pattern - months of steady great performance, then a few days of shaky results as market changes and we adapt, then return to steady streak
[14:08] {Will49} come on steady streak
01[14:09] {&Threei}  {Steady Streak} I am right there, behind the corner... finishing last bottle
[14:09] {Les} yeh this time I am trying to keep cool and reduce risk while this shaky period occurs
[14:10] {Les} shorting indexes as the consolidate for new break ain't the brightest
01[14:10] {&Threei}  no... JBE is JBE
01[14:10] {&Threei}  for the most part it's a continuation setup
01[14:11] {&Threei}  fades occur here and therer, but as a rule, you trade with trend
[14:11] {Les} yeh 2nd entry, stop guessing the tops
[14:12] {Les} c potential DB?
[14:12] {Les} - ?
01[14:12] {&Threei}  not sure
01[14:12] {&Threei}  a bit too slow
01[14:13] {&Threei}  no rhythm to rely on
[14:13] {Will49} never rely on the rythm method
01[14:13] {&Threei}  no?
[14:14] {Will49} only in trading
06[14:14] * Les slaps Will49 around a bit with a large trout
01[14:14] {&Threei}  i hoped to spread the skull
01[14:14] {&Threei}  skill
[14:14] {Les} lol
[14:14] {Les} wondering whose skull you wanna crack open
01[14:15] {&Threei}  let me get the list
[14:16] {Will49} lol
01[14:17] {&Threei}  sheesh, that's a lot of typing
[14:18] {Les} hehe
[14:19] {Les} covering C here gotta daughter to taxi home brb
[14:21] {dino} cov c .84, +.05
[14:29] {Alexs} bby short .30 break?
01[14:30] {&Threei}  if no new highs...
[14:30] {nemo} looks long to me
01[14:30] {&Threei}  or you can try half lot on .35
01[14:30] {&Threei}  anfd then add half lot if breaks .30
[14:31] {Alexs} .35 looks too agressive to me
01[14:31] {&Threei}  half lor
01[14:31] {&Threei}  with 5 cents stop
[14:31] {Alexs} ok
[14:33] {nemo} well that's enough boredom for the day...have a good one
01[14:33] {&Threei}  take care
[14:35] {thomcbell} short sestup splk 60 break if holding 60.10
[14:40] {thomcbell} could be two sided on splk now
[14:41] {thomcbell} or a flat out leave alone
[14:41] {thomcbell} leaving it alone
[14:42] {RonS} outta here...have a good weekend everyone
01[14:43] {&Threei}  you too ron
01[14:51] {&Threei}  added half more
[14:52] {Alexs} yeah first half out at .25?
01[14:52] {&Threei}  thast's the idea
[14:52] {Alexs} ok
01[15:02] {&Threei}  finally
01[15:02] {&Threei}  1:1 for the first half
[15:02] {Alexs} hooray
01[15:02] {&Threei}  ..and threw their bras up in the air...
[15:03] {Alexs} lol
01[15:03] {&Threei}  see how this strategy pays off... with standard .30 entry we would still struggle
[15:03] {Alexs} yes now looks good
01[15:04] {&Threei}  initial risk was negligible, and even after getting up to full lot we had better stop level than with standard entry
01[15:05] {&Threei}  1:1 for second half
[15:05] {Alexs} 1/4 more out
[15:05] {dino} yy drop
[15:07] {Alexs} nice
01[15:07] {&Threei}  beaituful
01[15:07] {&Threei}  my a$$ is out
[15:07] {Alexs} nice play Vad ty
01[15:07] {&Threei}  yw
[15:08] {thomcbell} vad i dont even know what you did
01[15:08] {&Threei}  BBY? :)
[15:08] {thomcbell} ah
[15:15] {dino} yy sm l .55
[15:15] {thomcbell} nuan 15.57 long break if holding 15.48
[15:16] {thomcbell} small shares for me
[15:17] {dino} ctb spike
01[15:17] {&Threei}  Reminder: Fed Chairman Bernanke and Dallas Fed Pres Fisher to speak on the financial crisis at an IMF event at 15:30ET- Former Treasury Sec Summers will also be participating.
[15:18] {Alexs} next crisis?
01[15:21] {&Threei}  lol
01[15:21] {&Threei} Short Setup: GLD  124 break
01[15:21] {&Threei}  If holds  .10
[15:22] {dino} out yy .98 ave +.43
01[15:22] {&Threei}  wtg
[15:24] {dino} ty, but too soon
[15:24] {dino} thought it was pulling back, trades gappy
[15:25] {Alexs} change GLD to .15?
01[15:25] {&Threei}  not clear yet
[15:31] {dino} ctb drop
[15:34] {dino} sm l .25
[15:36] {dino} stop .97 -.28
[15:36] {dino} sm l .51
[15:38] {dino} out 23.70, +1.19
[15:38] {Will49} wow
[15:39] {Les} sm short GLD .28 holding the DT as stop
[15:39] {dino} pulp defined
[15:39] {Will49} gutsy
[15:39] {Will49} i think
[15:42] {dino} 4.50 pt drop (16%) in minute or two, probabilities say something has to give
[15:43] {dino} and will, don't forget what business we're in
[15:43] {dino} "risk is our business"
[15:43] {Will49} yeah
[15:43] {Will49} risky is relative, no?
[15:44] {dino} remember this one; "fortune favors the bold....and darkness lies one step ahead"
[15:44] {Will49} hmmm
[15:44] {dino} or "money lies on the other side of fear"
[15:44] {Will49} well...that's me
[15:45] {dino} got out too soon, up another .60
01[15:45] {&Threei}  and sometimes it rains
[15:45] {Alexs} have you ever tried to rob a bank dino?
[15:47] {Will49} he's trying to remember
[15:47] {Alexs} lol
[15:47] {dino} lol, if i had i wouldn't be talking w/you guys
01[15:48] {&Threei}  we did it together alex. Our mistake though was taking nemo with us, who decided it would be fun to start shooting out all the bulbs in the store across thre street... got us some unwated attention
[15:48] {Alexs} :)
[15:48] {Les} never figured on you taking nemo
[15:48] {Les} always thought him a rape and pillage guy
01[15:49] {&Threei}  that was what we planned to do
[15:49] {Alexs} rofl
[15:49] {dino} well, in a fight, i want nemo on my side
01[15:49] {&Threei}  believe me, you do
[15:51] {Will49} have nice weekend everyone
01[15:51] {&Threei}  ok guys
01[15:51] {&Threei}  thank you all
01[15:51] {&Threei}  good end to the uneven week
01[15:51] {&Threei}  have a great weekend
01[15:51] {&Threei}  we will get them on Monday
[15:52] {dino} thx all, nice way to end it
[15:57] {Les} GLD coverd flat
[15:57] {Les} a+