Thursday, November 21, 2013

Nov 21 2013

Nice start to the day, pullback entry setup. Followed by a few more decent hits, pretty much makes for a good day even if no more trades come along.

Very strong day with a lot of trades working in our favor to 1:2, 1:3 on both sides. GLD, FB, CAT a few times and whatnot. There were also quite interesting discussions on trading education so make sure to read through the whole log.

Session Time: Thu Nov 21 00:00:00 2013
[09:04] {barbo} GM
01[09:04] {&Threei}  morning barbo
[09:14] {mrcanada} g'day...hope I can stay for more than 10 minutes today....
01[09:14] {&Threei}  mrc :)
[09:14] {mrcanada} mrc?
01[09:15] {&Threei}  you, abbreviated...
01[09:15] {&Threei}  typing whole name leave too much room for mistypes :)
[09:15] {mrcanada} o I c
[09:15] {dino} gm
01[09:15] {&Threei}  dino :)
[09:15] {RonS} gm...high 20 today & snow...thanks mr canada
01[09:15] {&Threei}  lol ron
[09:16] {mrcanada} ron where are u located?
[09:16] {RonS} denver
[09:16] {mrcanada} best friend lives just south of Denver
[09:16] {RonS} me too
[09:17] {mrcanada} how long have u been trading?
[09:17] {RonS} too long to think about it so early
[09:17] {mrcanada} hey its only 7:17 there...not too early
[09:18] {mrcanada} u r lucky as u get to quit work at 2
[09:18] {Will49} gm
[09:18] {mrcanada} hi
01[09:19] {&Threei}  will :)
[09:20] {Will49} hi mrcanada
[09:20] {Will49} where do you live?
[09:21] {mrcanada} u asking me will?
[09:21] {Will49} yes
[09:22] {mrcanada} near quebec
[09:22] {Will49} aw...yes! I asked you that before
[09:23] {mrcanada} yes...u r in beautiful Victoria....where I'd love to live but my 100k shack would cost a Billion $$
[09:24] {Will49} it's not THAT bad
[09:24] {nemo} sell ur kids mrcanada
[09:24] {Will49} Vancouver is the really pricey place
[09:25] {mrcanada} no ....they are going to be pro baskeball players and are my retirement fund I will be their agent!
[09:25] {+cc_9} Good morning everyone.
01[09:25] {&Threei}  think of savings on heating, mrc
01[09:25] {&Threei}  cc9 :)
[09:25] {Alexs} gm
01[09:25] {&Threei}  alex :)
[09:25] {mrcanada} so its not too expensive then?
01[09:26] {&Threei}  requires thorough comparison
[09:26] {mrcanada} hmmm
[09:26] {Will49} depends what are your comparisons
01[09:26] {&Threei}  property taxes for instance way lower than in some provinces
01[09:26] {&Threei}  utilties too
[09:26] {mrcanada} what about income tax?
01[09:26] {&Threei}  and that too
01[09:27] {&Threei}  it's not that simple to compare
[09:27] {mrcanada} true
[09:27] {mrcanada} i'd lose my french
[09:27] {Will49} for a senior like me with some dividend income, it;s best place in country
[09:27] {mrcanada} do u get snow?
[09:27] {Will49} hardly any
[09:28] {mrcanada} freezing rain?
[09:28] {Will49} can go 2-3 years without any
[09:28] {Will49} a bit
[09:28] {mrcanada} how often do u go to the mainland?
[09:28] {Will49} every couple months
[09:29] {Will49} have grankids there
[09:29] {mrcanada} kewl
[09:29] {Will49} it is a bit of a pain getting on/off island though
01[09:29] {&Threei} Short Setup: GDX  .60 break
01[09:29] {&Threei}  If holds  .70
[09:29] {nemo} why is gmcr up so much?
[09:30] {+cc_9} GMCR guidance nemo
01[09:30] {&Threei}  earnings yesterday
[09:30] {RonS} shorts...decent report but low guide
[09:30] {+cc_9} and a couple upgrades
01[09:30] {&Threei}  guidance, buyback
[09:31] {nemo} because they lost the moat with WFM selling kcup replacements
01[09:31] {&Threei}  quatrely dividends
01[09:31] {&Threei}  quarterly too
[09:31] {+cc_9} DDD going nuts
[09:32] {+cc_9} DDD huge bounce so far
[09:32] {Les} gm
01[09:32] {&Threei}  what's the holdup, GDX, die already
01[09:32] {&Threei}  les :)
[09:33] {Les} whats the setup?
01[09:33] {&Threei}  .60 break
[09:34] {Les} FB KABOOM
[09:34] {+cc_9} VJET continues the slide { $34.00
01[09:35] {&Threei}  let's trail GDX to .66
01[09:35] {&Threei}  takes too long
[09:35] {+cc_9} NQ news : possible investment from BIDU QIHU
01[09:35] {&Threei}  out
01[09:37] {&Threei} Long Setup:  JPM  .35 break
01[09:37] {&Threei}  If holds  .25
[09:38] {+cc_9} long DDD here 70.26
[09:38] {+cc_9} target $72
[09:39] {thomcbell} short setup mu - 19.33 break if holding 19.40
[09:39] {dino} vjet blood continues
[09:40] {+cc_9} all out DDD +$1.03
01[09:40] {&Threei}  1:1
[09:41] {RonS} gme
01[09:41] {&Threei}  1:2
[09:42] {+cc_9} DDD boom :D
01[09:42] {&Threei}  1:3 close enough, out
[09:43] {Will49} good one Vad
01[09:43] {&Threei}  :)
01[09:43] {&Threei}  frikin GDX
01[09:44] {&Threei}  self-inflicted wound, shouldn't have rushed to tighten stop
[09:44] {Les} frikin GLD ignoring some good signals here
[09:44] {Les} I am ignoring
[09:44] {robbers} Out GDX, thanks Vad.
01[09:45] {&Threei}  yw... good thing you didn't follow my stop tighten
[09:45] {robbers} I actually re-entered.
[09:45] {robbers} Not talking about my sex life.
[09:46] {Les} sm sso short .68
[09:46] {Les} sholding .75
01[09:46] {&Threei}  lol
[09:46] {Will49} naughty boy
[09:46] {Les} ugh robbers
01[09:46] {&Threei} Long Setup:  FB  .15 break
01[09:46] {&Threei}  If holds  .05
[09:48] {+cc_9} ONVO going
[09:48] {Les} SSO 1:1
01[09:49] {&Threei}  stop to .09
[09:49] {+cc_9} QCOR
[09:50] {Les} FB for a scalp .23 ty sir
01[09:50] {&Threei}  yw
[09:51] {+cc_9} long DVN 63.25
[09:51] {thomcbell} mu 1:1
01[09:52] {&Threei}  half out FB
01[09:52] {&Threei}  stop to .14
[09:52] {Les} 2ns half sso cover
[09:53] {+cc_9} Vad, what do you think about GDX long here ?
01[09:53] {&Threei}  dioesn't look ready to me yet...
01[09:54] {&Threei}  but starting to look at it
01[09:55] {&Threei}  FB 1/4 more out
01[09:55] {&Threei}  stop to .19
[09:55] {+cc_9} GDX long light 22.28
[09:55] {+cc_9} 22.40 tgt
01[09:56] {&Threei}  to .24
01[09:56] {&Threei}  closed
[09:57] {Will49} nice Vad
[09:57] {+cc_9} SCTY breaking out here
[09:58] {+cc_9} GME bouncing on defense at Oppenheimer
[09:59] {dino} z sm l .95
[09:59] {dino} trla sm l .67
[09:59] {+cc_9} out GDX +$0.12
01[09:59] {&Threei}  *(US) NOV PHILADELPHIA FED BUSINESS OUTLOOK: 6.5 V 15.0E
[09:59] {thomcbell} flat mu
01[09:59] {&Threei}  wtg
01[10:00] {&Threei}  nice business outlook
[10:00] {+cc_9} thx vad, had to get some, too fast of a downside, needed a bounce
01[10:00] {&Threei}  components, mama mia
01[10:00] {&Threei}  look at this
01[10:01] {&Threei}  - Prices Paid: 29.9 v 21.7 prior - New Orders: 11.8 v 27.5 prior - Employment: 1.1 v 15.4 prior - Inventories: 15.3 v 7.3 prior - Future (6-month) Business Conditions Index: 45.8 v 60.8 prior
[10:01] {Les} inflation's a bitch
01[10:01] {&Threei}  where is ese, I need immediate injection of the optimism
01[10:01] {&Threei}  dose of optimism
[10:01] {nemo} mmmhhh...I better get a subscription to KY
[10:02] {Les} IWM wow
[10:02] {+cc_9} AEGR breaking out on 60min
[10:02] {+cc_9} no wall for now till high 67s
[10:02] {+cc_9} back in GDX here
[10:03] {Les} sso .85 short holding .95
[10:03] {Les} half at .77here
[10:03] {Les} IWM really rammed shorts up the KY factory
[10:03] {Alexs} now they blame shutdown for the bad PHILI numbers
[10:03] {Les} SSO not so enthusiastic
01[10:04] {&Threei}  they always have comeback, don't they
[10:04] {nemo} wow what up RIG
[10:04] {Alexs} lol
[10:05] {Les} IWm offering DT potential
[10:05] {+cc_9} GDX lets break 22.45
[10:05] {Will49} RIG looks like one of their drill holes
[10:06] {nemo} 51.90 support
[10:06] {Les} RIG around here is interesting for long
01[10:06] {&Threei}  dictatorship strengthens on that side of the pond:
[10:06] {+cc_9} MS on 60min @ massive wall / breakout levels
01[10:06] {&Threei}  (UA) Russia Pres Putin: Welcomes Ukraine's efforts to increase ties with Moscow- Reminder: Earlier the Ukraine Govt announced it was to halt preparations for EU association agreement
01[10:06] {&Threei}  and on this:
01[10:06] {&Threei}  (US) Senate aide: Senate Majority Leader Reid (D-NV) expects to have enough votes to move ahead with taking away minority party ability to block President's nominees for federal posts
[10:06] {dino} z stop -.35
[10:07] {+cc_9} Les, did you know RIG is actually HQ'ed in Swtizerland ?
[10:07] {Les} yep
[10:07] {Les} can't remember if it's letterbox HQ or real deal
[10:07] {Les} 2nd half sso covered
[10:07] {Les} flat
[10:08] {+cc_9} its based out there, so i think real deal en suisse
[10:08] {Les} still a decent commodity centre switzerland, despite present implosion
[10:09] {+cc_9} RIG volume accelerating, bottom nearing
[10:09] {nemo} 51.20ish next support
[10:10] {+cc_9} DDD parabolix
[10:11] {nemo} offers still stepping down
[10:11] {+cc_9} RIG 5min all candles negative since the open
[10:14] {dino} z sm l .78
[10:14] {+cc_9} long RIG 51.75
01[10:16] {&Threei} Long Setup:  RIG  .80 break
01[10:16] {&Threei}  If holds  .70
01[10:16] {&Threei}  that was...
[10:16] {nemo} another break jump
01[10:17] {&Threei}  let's go with understatement of the day and say "fast"
01[10:17] {&Threei}  1:1
[10:17] {+cc_9} i feel good Vad is with me on the play :D
01[10:17] {&Threei}  :)
[10:18] {+cc_9} im looking for 52.20
[10:18] {Les} wanted in but was showing cleaner to the door following 10:16 doji
[10:18] {Les} now come back down for les entry
[10:18] {+cc_9} GDX making a move here
01[10:18] {&Threei}  that doji wasa what gave mne an antry
[10:19] {Les} happy to be looking at the same signals then
[10:19] {+cc_9} GDX volume spike
[10:19] {dino} f'in mhh partial fill 17.50, 50 shares ugh
[10:20] {+cc_9} RIG needs to consolidate here for next leg up
[10:21] {+cc_9} tehre we go
[10:21] {+cc_9} break of 52 should be good
[10:21] {+cc_9} :)
[10:21] {Les} small long .91
[10:22] {+cc_9} setting partial sell 52.08
[10:23] {Les} sold 73 shares
[10:23] {Les} .99
[10:23] {Les} now 100
[10:23] {Les} half out
[10:23] {+cc_9} 52 wall
[10:23] {+cc_9} it will break, just needs more consolidation
[10:23] {Les} 2nd half covered
[10:25] {+cc_9} any pring of 51.95 we break 52.00 this 3rd round
[10:25] {+cc_9} GDX double top 22.45
[10:26] {+cc_9} lets hope RIG goes through 52 before the Gas inventory numbers in 4 minutes lol
[10:26] {Les} hehe
[10:26] {nemo} that might be what's holding it here
[10:27] {nemo} well that and the spy is sputtering
[10:27] {dino} out z .52, +.74
[10:27] {+cc_9} GDX what are you doing here
[10:28] {Les} nice one dino
[10:29] {dino} ty
[10:29] {+cc_9} RIG vol on gas #s
[10:30] {nemo} ooohhh, lotsa supply here
[10:31] {+cc_9} 45 vs 38 consensus nemo
01[10:32] {&Threei}  CAT interestingly weak
[10:35] {nemo} index grind up day
[10:35] {Will49} wouldn'y you call that an up-trend?
[10:37] {+cc_9} RIG get ready for the pop gents
01[10:38] {&Threei}  RIG on the move
[10:38] {Les} finally got it right cc long .95
[10:39] {robbers} Out RIG, thanks cc & Vad.
[10:39] {Les} 1:1
[10:39] {+cc_9} All out RIG +$0.28
[10:39] {Les} taking 1:2 .13
[10:39] {Les} stop to .00
[10:40] {+cc_9} 10:18 cc_9 im looking for 52.20
[10:41] {+cc_9} there she is
[10:41] {Les} stop to .05
[10:42] {dino} nice one guys
[10:44] {Will49} good call on the RIG .20 cc
[10:44] {nemo} gmcr wow
[10:45] {Will49} oops...premature compliment
[10:45] {Les} all out .24 RIG ty cc/vad
01[10:45] {&Threei}  :)
[10:47] {+cc_9} wtg
[10:47] {+cc_9} this was my reasoning on it : 10:09 cc_9 RIG volume accelerating, bottom nearing
[10:47] {Les} RIG VWAP test here
[10:47] {+cc_9} thats why its handy to watch same chart on multiple time frames
[10:47] {+cc_9} ONVO breaking out
[10:47] {Les} always 1, 3, 5 and daily
[10:48] {mrcanada} les...u watch 1 min. 3 min 5min and daily?
[10:49] {mrcanada} rig
[10:49] {Les} yep
[10:49] {Les} FSC covers some time frames, the trading window some others
[10:49] {mrcanada} for patterns?
[10:49] {Les} god no, just makes me feel more important
[10:50] {Will49} lol
[10:50] {mrcanada} setting up for a cup and handle
[10:51] {nemo} if IWM gets to R3 on daily it'll be all time highs
01[10:52] {&Threei} Short Setup: CAT  .10 break
01[10:52] {&Threei}  If holds  .20
01[10:53] {&Threei}  lol... "Home is... where WiFi conecta automatically"
[10:54] {Les} my kids would understand that
[10:54] {nemo} spy at channel trend high
[10:54] {nemo} and R1
[10:55] {Alexs} then NYC one big home lol
[10:56] {mrcanada} rig buy at 52.44
[10:56] {mrcanada} stop at 52.20 ? is that correct Vad?
01[10:56] {&Threei}  break of
[10:56] {mrcanada} 52.44
01[10:57] {&Threei}  .20, no, a bit too far down theree
01[10:57] {&Threei}  latest low is .30
[10:57] {mrcanada} k
01[10:57] {&Threei}  that's your support for stop placement
[10:57] {mrcanada} yes
01[10:58] {&Threei}  bu think of it also this way
01[10:58] {&Threei}  RIG dropped big earlier, became a reversal play for us,
01[10:58] {&Threei}  now it's up from the bottom good 80 cents
01[10:59] {&Threei}  it becomes harder for it to move up, as bottom buyers start taking profits
01[10:59] {&Threei}  and thoklse who missed short initially start looking for entry into bounce
[10:59] {mrcanada} I c
[10:59] {mrcanada} k
01[11:00] {&Threei}  52 break was decent ,long setup
[11:00] {mrcanada} yes
01[11:00] {&Threei}  .45 is much higher risk
[11:01] {mrcanada} my middle name
01[11:02] {&Threei}  not mine... I like my risk, umm, malnourished
[11:03] {+cc_9} 10:02 cc_9 AEGR breaking out on 60min
[11:03] {+cc_9} 10:02 cc_9 no wall for now till high 67s
[11:03] {mrcanada} me too sometimes
[11:04] {mrcanada} still getting use to my new brokerage
01[11:04] {&Threei}  CAT stop to .16
01[11:04] {&Threei}  btw, mrc
01[11:05] {&Threei}  we have zero C right now,
01[11:05] {&Threei}  and there is a good chance it will remain lowest temp of the winter :)
01[11:05] {&Threei}  certainly was the case last year
[11:05] {Les} oh go tell someone who is listening
[11:05] {Will49} +3 in sunny south island
[11:06] {Will49} Vad lives in the far north
[11:06] {mrcanada} sunny here snow...and plus 3
[11:06] {Les} bugger off
01[11:06] {&Threei}  well, I go by official temp... it's always a bit lower than actual since it's taken on the hill near airport
[11:06] {mrcanada} haha
01[11:07] {&Threei}  ok CAT... breakdown time
[11:08] {+cc_9} RIG :(
01[11:08] {&Threei}  1:1
[11:08] {Les} woohoo
[11:10] {Les} sm rig short .44
[11:10] {Les} let's test that vwap suppo0rt
[11:11] {mrcanada} does not look good
[11:12] {+cc_9} GDX higher lows
[11:18] {drewj} hey guys
[11:18] {+cc_9} GDX breaking out
[11:18] {drewj} how's it going?
01[11:19] {&Threei}  hey drew
01[11:19] {&Threei}  very nice day
[11:19] {drewj} good
[11:19] {Will49} sunny, nippy and profitable
[11:19] {mrcanada} Vad would it be a good idea to raise my stop to 52.35?
[11:20] {+cc_9} out GDX +$0.12
[11:20] {drewj} watching anything now?
01[11:20] {&Threei}  yes mrc
01[11:21] {&Threei}  nurturing second half of CAT short drew, partialed at 1:1
[11:21] {drewj} ty
[11:21] {drewj} ok
[11:22] {nemo} if iwm breaks this high, think it tries for all time
[11:22] {dino} lgnd drop
[11:22] {Les} CAT's a DOG and no mistake, nurture it with a steel capped boot
[11:22] {robbers} I was out CAT at .98, thanks.
01[11:23] {&Threei}  yw
01[11:24] {&Threei}  oh stop it Les
01[11:24] {&Threei}  real men love cats
[11:24] {Will49} i have a love-hate relationship with cats
01[11:25] {&Threei}
[11:25] {Will49} used to love
[11:25] {mrcanada} I am allergic but love my kids so I take medicine to put up with it
[11:25] {Les} ouch MrC
[11:25] {nemo} taking the wrong medicine
[11:25] {Les} hehehe
01[11:25] {&Threei}  allergic to kids??
[11:25] {Les} LOL
[11:26] {mrcanada} not kids....I have 7 of them
[11:26] {Les} rephrase that MrC :)
[11:26] {Will49} yikes
01[11:26] {&Threei}  wow
[11:26] {Will49} no wonder you need meds
[11:26] {nemo} oh jeez
[11:26] {mrcanada} we don't shoot blanks here
[11:26] {RonS} lol
[11:26] {Les} hehe
[11:26] {Will49} we need more of your kind mrC
[11:27] {Will49} cut down on immigration
[11:27] {mrcanada} to support the aging pop of canada
[11:27] {mrcanada} I have enough for basketball team now with 2 subs
[11:27] {Will49} lol
[11:27] {RonS} rotflol
[11:28] {Les} haha
[11:28] {mrcanada} Vad...could RIG now look like a JBE?
[11:28] {+cc_9} BBY breaking out
[11:28] {RonS} enough to guarantee entry into Mormon heaven, w/ two subs
[11:29] {mrcanada} ???
01[11:29] {&Threei}  it does,
01[11:29] {&Threei}  but time of the day is not conducive to this kind of setups
[11:29] {RonS} 5 kids = guaranteed entry into Mormon heaven...
[11:29] {Les} Mormon's have quotas?
[11:29] {Alexs} you have 7 kids and risk your middle name mrcanada?
[11:30] {mrcanada} what time is best?
[11:30] {mrcanada} hehe
[11:30] {Les} stop to .50 on RIG
[11:30] {RonS} no quota just do it...
01[11:30] {&Threei}  first couple hours, last hour and half
[11:31] {Will49} stop should be at 7 mrC
01[11:31] {&Threei}  we are mobing into lunch time doldrums
[11:31] {mrcanada} thanks...
[11:31] {dino} lgnd sm l .98 wide
[11:31] {mrcanada} yep
01[11:31] {&Threei}  breakout tend to fail now more often
01[11:31] {&Threei}  breakouts
01[11:32] {&Threei}  breakdowns have a bit better chance of working
[11:32] {Les} RIG 1:1 cover half
01[11:32] {&Threei}  although not the idea trades either
01[11:32] {&Threei}  fades are better bets
[11:32] {Les} frikin SOB made me wait, worse than CAT
01[11:32] {&Threei}  as Les demonstrated :)
[11:32] {mrcanada} out...
[11:32] {Les} well...
[11:32] {Les} ain't nothing so bad as a CAT
[11:33] {mrcanada} my good at he gets to stay....
[11:33] {dino} lgnd sm l .98 wide
[11:33] {dino} opps already posted
[11:33] {mrcanada} I let a cat in the they want a to the house...
[11:34] {Les} better work on yer trading skills MrC
[11:34] {mrcanada} yes...les
[11:34] {Les} not mocking you on the RIG trade, just sayin you got some expenses to cover there
[11:34] {mrcanada} that is why I am here
[11:35] {mrcanada} i live in kbec....tuition is cheap
[11:35] {Les} long and painfully learnt by yours truly over a number of very hard years for Vad
[11:35] {Will49} oh yeah... the ROC knows
[11:35] {Les} need to survive my first year this time round
[11:36] {Les} cover RIG .24 1:2
[11:36] {mrcanada} i have up until now been a swing trader and lived off dividends
[11:36] {Will49} same here mrC
[11:36] {Les} k, me still learning to pull my head out of my a$$ and manage money and risk more wisely
[11:36] {Will49} except divedends only bought lunch once in a while
[11:36] {mrcanada} interested in re-investing dividends with some scalps and daytrades...
[11:37] {Les} covered CAT .91 good riddance
[11:37] {Les} ty sir
[11:37] {Les} will wait until EoD now. Later a+
01[11:37] {&Threei}  1:2
[11:38] {mrcanada} RIG is going for a dump
[11:38] {+cc_9} 10:47 cc_9 ONVO breaking out
[11:38] {+cc_9} major bounce ongoing ONVO
[11:41] {Will49} out CAT tks Vad
01[11:41] {&Threei}  yw
[11:41] {Will49} love it:)
[11:42] {+cc_9} RIG waterfall, back to near $52.00
01[11:43] {&Threei}  "name of the next course: How I stopped worrying and learned to love cats
[11:43] {+cc_9} Miners tanking here
[11:43] {Will49} sign me up
[11:44] {robbers} Will, some day you'll have to teach me how to hold trades more than two minutes, big downfall on my part.
[11:45] {Will49} no kidding...i struggled withat too
01[11:45] {&Threei}  Taoist Trader
[11:45] {robbers} Any advice?
[11:45] {Will49} read Toaist Trader
01[11:45] {&Threei}  has everything you need, on that and more
[11:46] {robbers} Yeah, probably need to re-read it.  HAVE to re-read it.  Thanks.
01[11:46] {&Threei}  basically, comes to principle of Vu Wei
01[11:46] {&Threei}  why do you intrude in natural order of things?
01[11:46] {&Threei}  stock moves accordingly to that order,
[11:46] {+cc_9} Toadist*
01[11:46] {&Threei}  let it
01[11:47] {&Threei}  don't intervene
01[11:47] {&Threei}  there are road signs when to enter, when to ext, when to partial, when to trail
01[11:47] {&Threei}  follow them
[11:47] {Will49} I had to convince myself that holding on was one of Vad's rules
01[11:47] {&Threei}  don't do anything road signs don't tell you to
[11:47] {Will49} then I set a goal every morning to trade by the rules
[11:48] {nemo} Well, long as Les wasn't the guy who put up the sign
[11:48] {robbers} This is very helpful, guys, appreciate it.
[11:48] {Will49} didn't take long before I just did it
[11:49] {Will49} have a few pangs once in a while and want to bail but have proven now that it pays to go by rules
[11:50] {Will49} although I'm still not happy with my account, holding for 1:2 1:3 1:4 was biggest brakthru yet
[11:50] {Will49} breakethru
[11:50] {Will49} ???
[11:51] {Will49} whatever
[11:51] {drewj} breakthrough
[11:51] {Will49} that's IT
[11:51] {Will49} tks drew
[11:52] {drewj} so are you selling half at 1:1 then doing quarters after that?
[11:52] {nemo} new 5 year highs on the finnies
[11:52] {drewj} yw
[11:52] {robbers} Yeah, do realize that I have to make the adjustment, been taking baby steps in that direction.
[11:52] {Will49} yes
[11:52] {drewj} what were you doing before...if you don't mind me asking.
[11:52] {drewj} I'm trying to work on that too
[11:53] {robbers} Drew, as for me, I often partial half, then deal with the second half.
[11:53] {Will49} was fearing losing profits and would bail out way before i should
[11:53] {robbers} Same here, Will.
[11:54] {robbers} Nothing more frustrating than losing money on what was a winning trade.  Flaw in my thinking.
[11:54] {Will49} i still go by rules rigidly and when Vad uses his intuition and exits ahead of targets, it pisses me off:)
[11:54] {dino} robbers, i agree
[11:54] {Will49} that's my next challenge
[11:54] {Will49} slowly developing a feel for the market
[11:55] {mrcanada} how long have u used the trading room Will?
[11:55] {drewj} i'm going to start working on being strict about partialing
[11:55] {Will49} since sept 12
[11:55] {Will49} 2012
[11:55] {mrcanada} and has it improved your $$?
[11:56] {nemo} lok at the finnies go
[11:56] {Will49} going by the rules? mrC?
[11:56] {nemo} Monthly R1 just below 83 fas
[11:56] {dino} out mhh .53, +1.03 all dayer
[11:56] {Will49} nice dino
[11:56] {drewj} gj dino
[11:56] {robbers} WTG, Dino.
[11:57] {dino} ty
[11:57] {Will49} all your fans are applauding
[11:58] {mrcanada} dino where did u find this one?
[11:58] {drewj} dino do you partial out?
[12:00] {dino} trla bounce
[12:01] {RonS} dem bones:
[12:02] {nemo} it's even worse than that Ron,
[12:02] {dino} mrC, was watching it yeterday, dropped hard. from my 07 scanner
[12:02] {nemo} there was a skeleton found in Washington state in the 90's
[12:02] {nemo} It's at the Smithsonian, but nobody can do any studies on it
[12:03] {nemo} it's caucasian dna and predates any "Native American" prescence in the US
[12:03] {dino} lol, would throw all the indian claims out, huh
[12:03] {nemo} Department of the Interior, Brought several thousand metric tons of fill to the area where it was found
[12:03] {nemo} Yep
[12:04] {dino} the truth doesn't matter w/govt
[12:04] {nemo} never has
[12:04] {nemo} Well, funnything in China, oldest grave is mummified remains of caucasian dna too
[12:04] {nemo} not necessarily european mind you
[12:04] {dino} but we never hear of any of this
[12:05] {nemo} you have to dig
[12:05] {dino} need mulder and sculley back on the case
[12:05] {nemo} same with everything:  KAL 700, Damansky Island, Kursk, Chelabynsk
[12:05] {robbers} Governments always do what's in their narrow self-interest.
[12:05] {dino} agree
[12:06] {nemo} well in the interest of the power groups that take part in Gov't.   Tocqueville
[12:06] {RonS} had neighbor couple killed in that TWA flt, what?  800? cover up...
[12:07] {nemo} oh, in 2001?
[12:07] {RonS} think 1997
[12:07] {nemo} NY Harbor flight?
[12:07] {RonS} yep to France...funny thing is that she was UAL stew...
[12:08] {nemo} nah, no stingers got into the wrong hands
[12:08] {dino} yeah, had insurance rep lose his daughter on that flight, destryed him
01[12:08] {&Threei}  guys, that link to tradethenews from our homepage that wouldn't work a week ago is ficed now
01[12:09] {&Threei}  fixed too
[12:15] {nemo} vmw butting up against resistance
[12:24] {+cc_9} AEGR breaking out 15min chart
[12:25] {+cc_9} JOE tank
[12:26] {+cc_9} Einhorn "JOE shares are worth about $7.00"
[12:26] {dino} he's been saying that for a year
[12:27] {+cc_9} its not bouncing yet, but could snap back to 17.20 - 17.30
[12:29] {+cc_9} like so ;)
[12:30] {+cc_9} AEGR going ape on 15mins
[12:35] {+cc_9} look @ that volume surge on VJET today around 32.50 vs yesterday's volume, 30 min chart
[12:35] {+cc_9} GMCR dropping on Einhorn bash
[12:38] {+cc_9} AEGR still plenty upside on the 15mins
[12:39] {+cc_9} CMG drop on Einhorn bash
[12:39] {dino} tpx
[12:40] {+cc_9} hmmm, whats going on there
01[12:40] {&Threei}  TPC Einhorn likes
[12:40] {+cc_9} Einhorn pump
[12:40] {+cc_9} yes
01[12:40] {&Threei}  TPX
[12:40] {+cc_9} if $49.00 will short
[12:41] {dino} tpx sm s .31
01[12:41] {&Threei}  (US) Vote to change filibuster rules in the Senate (the so-called nuclear option) has enough votes to pass- Senate votes 52-48 to change voting rules on executive, judicial nominees, excluding Supreme Court
[12:42] {+cc_9} green eggs and ham
01[12:42] {&Threei}  some day this will come back to bite dems in the arse
[12:42] {dino} cov tpx .06, +.25
01[12:43] {&Threei}  anf they will damn Reid to hell
[12:43] {+cc_9} nice dino, wanted to short on the pop but needed to know reason, too late
[12:43] {dino} ty
[12:57] {dino} lgnd lod
[13:01] {+cc_9} JOE came back all the way
01[13:03] {&Threei} Short Setup: CAT  .20 break
01[13:04] {&Threei}  If holds  .25
01[13:11] {&Threei}  1:1
01[13:17] {&Threei}  1:2
01[13:17] {&Threei}  Les, get back here and learn to love cats!
[13:17] {drewj} how  you doing will?
[13:17] {drewj} still holding out?
[13:17] {Will49} hangin tough
[13:18] {drewj} good me too
01[13:18] {&Threei}  robbers... how about you? :)
[13:18] {nemo} finnies new highs
[13:19] {robbers} I had 700 shares so didn't partial, got out in full at .04. Comments?
01[13:20] {&Threei}  why not do 400 at 1:1 and 300 and 1:2?
01[13:20] {&Threei}  view smaller lot as opportunity to practice,
[13:20] {robbers} Really good point, appreciate it Vad.
01[13:20] {&Threei}  and practice makes sense only if you imitate exactly what you'd do with full lot
[13:23] {Alexs} robbers trade made more money than 400/300 partial though
[13:24] {drewj} but partials lock in profit
01[13:24] {&Threei}  missing the point, Alex...
01[13:25] {&Threei}  hindsight is always 20/20, but you never know how the particular trade is going to develop
01[13:25] {&Threei}  1. it could have reversed after 1:1
01[13:25] {&Threei}  so profit would have evaporated while partialing at 1:1 locked it in
[13:26] {RonS} pm snuffed
01[13:26] {&Threei}  2. played right, second part would have been partialed at 82 rather than .04
01[13:26] {&Threei}  and 3., played very right it would have been partialed in 3 portions
01[13:26] {&Threei}  which in case of continuation brings even more at 1:3
[13:27] {Will49} which you have to have to overcome failed setups
[13:27] {Will49} and make money
01[13:27] {&Threei}  you don't structure the trade to maiximize the profit in each particular case
01[13:27] {&Threei}  you never know which one will do what
01[13:27] {&Threei}  you structure the trade to maximize the profit in average case
01[13:27] {&Threei}  and let each pazrticular case fall wherevr it may
01[13:28] {&Threei}  makes sense?
[13:28] {Will49} JFTFR
[13:29] {robbers} Yep, makes sense.
01[13:29] {&Threei}  ok will... I'll bite :)
[13:30] {Will49} just follow the rules
01[13:30] {&Threei}  ah
[13:30] {Will49} see...we Canucks are used to being governed so we follow rules easier than Yanks:)
01[13:31] {&Threei}  lol
[13:31] {Will49} but they're going to get used to it in a hurry
01[13:31] {&Threei}  what about Les then... Swiss are trained to follow the rules even narder
01[13:31] {&Threei}  yet...
[13:31] {Will49} exception
[13:31] {Alexs} I follow you strategy Vad, but I also calculate what would be my results if I close all trades just  1:1, the differnce for the last 5 month is 15%
01[13:32] {&Threei}  well, try it
01[13:32] {&Threei}  just keep in mind that it changes depending on the market
01[13:32] {&Threei}  choppy markets will make pure scalping more effective,
01[13:33] {&Threei}  then trending market comes and you will find it lacking
[13:33] {Will49} like today
01[13:33] {&Threei}  with pure scalping you need very high percentage of winning trades
[13:35] {robbers} Vad, that last statement makes it very clear.
[13:35] {nemo} mos
01[13:36] {&Threei}  lwt's see if CAT loses 82 and becomes, how cc_9 calls it... crashish?
01[13:36] {&Threei}  my version would be "crashisher"
[13:36] {Will49} kittykrash
01[13:37] {&Threei}  oh boy
01[13:37] {&Threei}  lol
01[13:37] {&Threei}  last drops of sanity flee this room in a hurry
[13:43] {drewj} just...can't...wait...have...too...sell...
[13:43] {drewj} out cat .02
01[13:43] {&Threei}  why?
01[13:43] {&Threei}  what's the hurry?
[13:43] {drewj} sorry will...i tried
01[13:43] {&Threei}  you have 5 other trades waiting?
[13:43] {Will49} :(
[13:44] {drewj} no
[13:44] {drewj} pop on spy
[13:44] {drewj} i'm trying vad:)
01[13:45] {&Threei}  hard ass that I am, I have to respond to this with "not trying hard enough!!"
[13:45] {+cc_9} 12:39 cc_9 AEGR still plenty upside on the 15mins
01[13:45] {&Threei}  although better one would probably be:
[13:45] {+cc_9} AEGR } $70.00 :D
[13:45] {drewj} you are right sensie
01[13:45] {&Threei}  there is no try. Do or do not
[13:45] {drewj} sensei
[13:45] {nemo} "ei"
[13:45] {drewj} yes master yoda
01[13:45] {&Threei}  lol
[13:45] {robbers} Yeah, Drew, it's difficult, I'm enrolling in the daytrading school for remedial learners.
[13:45] {nemo} could call him sharfu, or guru
01[13:46] {&Threei}  it's a valid point bout SPY spike,
01[13:46] {&Threei}  but look at it this way:
[13:46] {dino} just don't call him late for dinner
[13:46] {drewj} the idiots guide to day trading is calling me
01[13:46] {&Threei}  whole idea of this trade came from what, if you remember?
[13:46] {nemo} dino ;-)  or Johnson
[13:46] {dino} lol
[13:47] {drewj} double top
01[13:47] {&Threei}  yeas, and before that:
01[13:47] {&Threei}  [10:32] {&Threei} CAT interestingly weak
01[13:47] {&Threei}  which was an observation that it stayed near day's lows while SPY was rallying.
01[13:48] {&Threei}  So, it's a weak stock,
[13:48] {drewj} so weakness in spite of spy strength
01[13:48] {&Threei}  and weak stocks tend to stall when index goes up,
01[13:48] {&Threei}  and break down when index pulls back.
01[13:48] {&Threei}  so, SPY spikes now,
01[13:48] {&Threei}  and it's a test for CAT,
01[13:48] {&Threei}  whether it's still as weak as it was
01[13:48] {&Threei}  or it regainded strength.
01[13:49] {&Threei}  With 3/4 or p;osition covered and profits secured,
01[13:49] {&Threei}  why not give it a chance
01[13:49] {&Threei}  and see if there continuation in it
01[13:49] {&Threei}  you are playing with house money now
01[13:49] {&Threei}  no risk
[13:50] {drewj} interesting nuance about weak stocks
[13:55] {Alexs} interesting nuance about house of money
[13:55] {drewj} So vad will you take more risk with house money than your trading capital?
01[13:57] {&Threei}  more risk?
[13:57] {drewj} I just realized that it is no risk
01[13:58] {&Threei}  if I am playing with house money as a result of partialing, it means risk is not there at all anymore
[13:58] {drewj} yea
[13:59] {nemo} fyi:  mos S2 is 46.17  50 day is 46.09, methinks strong bounce likely there
01[13:59] {&Threei}  look how CAT barely raised its head while SPY made new highs, and immediately went back to test the lows as SPY merely pulled back
[13:59] {Alexs} Can't feel it as a house money though, lol
01[13:59] {&Threei}  why? yours is not at stake anymore
[13:59] {drewj} I see it now...opposite with strong stocks then
01[13:59] {&Threei}  you took profit, and the part still remaining in the game is guaranteed to be closed at profit as stop is trailed
01[14:00] {&Threei}  worst case scenario you will exit at .11
[14:00] {Alexs} yesterday I left something in a house :)
01[14:00] {&Threei}  with entry at .20
01[14:00] {&Threei}  shrug
[14:00] {dino} atlas
01[14:00] {&Threei}  each trade is to be seen independtly
01[14:01] {&Threei}  each day too
[14:01] {Will49} haha dino
[14:01] {dino} ;)
[14:02] {nemo} good think Dino is so good at his day job
[14:02] {Will49} the grinch chimes in
[14:02] {+cc_9}
[14:02] {+cc_9} Emperor is speaking
[14:02] {nemo} I've had a migraine for three days, whaddya' want, sunshine and roses?
01[14:03] {&Threei}  from you nemo, always
[14:03] {Will49}'re forgiven
01[14:03] {&Threei}  you are sushine and roses embodied
[14:03] {+cc_9} ONVO crashish
[14:03] {nemo} I sit here for a few minutes then assume the fetal position on the floor
01[14:03] {&Threei}  re-crashish
01[14:03] {&Threei}  re-crashisher
01[14:03] {&Threei}  until it becomes re-crashishest
[14:03] {Will49} nemo..i'd give you a hug if  i could
01[14:03] {&Threei}  then it reverses
[14:04] {nemo} I'd prefer being clubbed like a baby seal at the moment
[14:04] {nemo} frickin' hurts to type
[14:04] {Will49} we Canucks can do that
[14:04] {nemo} that's why I asked
[14:04] {+cc_9} looking for entry in ONVO for dead kitty bounce
01[14:04] {&Threei}  we club seals wherever we see'em
[14:05] {Will49} there were a couple in the harbour the other day but I couldn't reach them
[14:05] {Will49} need to carry a longer pike pole with me
01[14:05] {&Threei}  mayor of one major city even got clubbed when he tried to say "I give it a seal of approval" - couldn't finish the sentence
[14:06] {Will49} LOL
[14:06] {+cc_9} long ONVO 8.88 for chinese luck # and baby seal club bounce trade
[14:06] {nemo} iwm spitting distance from all time highs
[14:06] {+cc_9} 8.60 support if needed to re-crash-load
[14:07] {+cc_9} VJET setting up for a tank
01[14:08] {&Threei}  CAT 1:3 close enough
01[14:08] {&Threei}  out .92
[14:08] {Will49} I love cats
01[14:08] {&Threei}  Alex, want to do the math again? :)
[14:08] {drewj} gj guys
[14:08] {Will49} come on Vad...have a little patience
[14:08] {dino} lgnd death roll, but gap just filled
01[14:09] {&Threei}  I do Will, I just view these 1-2 cents at the end of the run as pure formality
[14:09] {Will49} see...Vad substitutes intuition for rules AGAIN:)
[14:09] {Alexs} I told you I play your game Vad ;)
01[14:09] {&Threei}  remember Jesse
01[14:09] {&Threei}  "last 1/8 is the most expensive"
[14:10] {Will49} of life?
01[14:10] {&Threei}  lol
01[14:11] {&Threei}  drew, now a question for you that might help put it in perspective:
[14:11] {Will49} sheeesh Vad, you gotta learn to wait
[14:11] {Will49} kidding
01[14:11] {&Threei}  during all this time since you exited and up to this moment, have you done something more substantial, useful, profitable?
[14:12] {drewj} I wish I had a funny answer...
[14:12] {drewj} no Vad...not really
01[14:12] {&Threei}  there you go
01[14:12] {&Threei}  Vu wei
01[14:13] {&Threei}  or how you spell it
[14:13] {nemo} wu wei
01[14:13] {&Threei}  right
[14:13] {drewj} which one is that?
[14:13] {nemo} pronounce Vu Vay
01[14:13] {&Threei}  principle of non-interfence
01[14:14] {&Threei}  by closing the trade before nature was allowed torun its course you interfered
[14:14] {drewj} if it ain't broke...don't fix it?
01[14:14] {&Threei}  can put it this way too
01[14:14] {&Threei}  whatever analogy helps you get a sense of the right way to act
01[14:15] {&Threei}  be lazy
01[14:15] {&Threei}  let things work as they are supposed to
01[14:15] {&Threei}  intervene only when they don't
01[14:15] {&Threei}  use road signs to determine whether they do
01[14:16] {&Threei}  road signs are included in setups' structure
[14:16] {drewj} It's work ethic that gets me in to hard = over trade for me
[14:16] {drewj} I know what you mean
[14:16] {dino} hardest part is the sitting
01[14:16] {&Threei}  jesse again :)
[14:17] {dino} boy plunger
01[14:17] {&Threei}  it was not my thinking that got me there. It was sitting tight
[14:17] {dino} great book
[14:17] {drewj} who are you guys talking about?
01[14:17] {&Threei}  Jesse Livermore
[14:17] {dino} livermoor
[14:17] {drewj} right
[14:17] {Les} choppedliver
[14:17] {drewj} still haven't got to that one
01[14:17] {&Threei}  Les, you missed 1:3er
06[14:17] * Les slaps drewj around a bit with a large trout
[14:18] {dino} reminsences of a stock operator
01[14:18] {&Threei}  and whole lot of discussions
[14:18] {drewj} hi les
01[14:18] {&Threei}  and jokes
[14:18] {Les} not as much as drew misses a slapping for not having read of Livermore
01[14:18] {&Threei}  non of which were funny
[14:18] {drewj} does it suck to be you today?
01[14:18] {&Threei}  except mine
[14:18] {Les} nah pretty tanked on good Italian wine, so I'm good
[14:18] {drewj} awesome
[14:18] {drewj} what kind?
[14:19] {Les} back in the bad old days of the 1970's
01[14:19] {&Threei}  look how disproportional this CAT bounce is
[14:19] {Les} some pioneers came along and revolutionised the wine industry
01[14:19] {&Threei}  trade has run its course
[14:19] {Les} giving us the red hot shit we drink today
[14:19] {Les} It's a small wine from one of the old revolutionaries
[14:19] {drewj} sounds good...
[14:20] {Les} If you know the house of Ornellaia, you know good Italian wine
[14:20] {drewj} no les...i'm more of a vodka person
[14:21] {drewj} more bang for the buck
[14:21] {Les} nobody's perfect
[14:21] {dino} tequila, vodka, beer, and scotch here
[14:21] {Les} :P
[14:21] {drewj} you're making me thirsty dino
[14:21] {Les} dumped all the scotch in the house dino
[14:21] {dino} tearing up
[14:21] {Les} got a bit too boozy
[14:21] {Will49} you bast****
[14:21] {Les} but before I did
[14:22] {Les} discovered wonderful American Kentucky Whisky
[14:22] {dino} scotch makes me lazy, tequila hypes me up
[14:22] {Les} scuse me, Bourbon
[14:22] {Alexs} have you tryed Sassicaia Less?
[14:22] {Will49} Jack?
[14:22] {Les} nah avoid those labels Alex. For dicks who have more money than sense
01[14:22] {&Threei}  Glenlivet guys... Glenlivet...
[14:23] {dino} indeed
[14:23] {robbers} Jack is made in Tennessee, just down the road from me.
[14:23] {Will49} mother's milk
01[14:23] {&Threei}  and Crown Royal if you want canadian one
[14:23] {Les} screw JB
[14:23] {Alexs} Can't agree Less
[14:23] {drewj} Me either
[14:23] {dino} i like jb
[14:23] {drewj} Crown is great
[14:23] {dino} chivas
[14:23] {drewj} yea
[14:23] {drewj} smooth stuff
[14:23] {Will49} now THIS is a great discussion
01[14:24] {&Threei}  lol
[14:24] {Les}
[14:24] {drewj} Next is cigars
[14:24] {Les} Blanton's
[14:24] {RonS} agree here Les...but the smoothest stuf ever had is Bushmill's premium, Black Bush
[14:24] {drewj} Going for some vodka...
[14:25] {Les} limited selection of yer finest in Europe Ron, will have to travel to taste em all
01[14:25] {&Threei}  speaking of trading and les and CAT:
01[14:25] {&Threei}  [13:17] {&Threei} 1:2
01[14:25] {&Threei}  [13:17] {&Threei} Les, get back here and learn to love cats!
[14:25] {Les} not a frikin CAT again.
[14:25] {Les} Hate the damned things
[14:26] {Will49} hey it!
[14:26] {Les} wow ugly daily chart on CAT
01[14:26] {&Threei}  Hertz Global Launches waterless Car washing (update)- Rolled out a waterless, non-toxic "green clean" car washing process at more than 220 neighborhood locations across the United States. As one of the largest car rental companies in the world, Hertz plans to expand this to all viable neighborhood locations in the United States and Europe in 2014, making waterless car washing available to nearly 3,700 locations which could save more than 130,000,000 gallons of car wash water annually. - An entire car can be washed with 6 to 8 ounces of a proprietary, environmentally friendly, fully biodegradable solution, in approximately 8 minutes. After the solution is sprayed onto the car, the specially formulated molecules envelop the dirt particles, lifting them away from the car's paint. A high quality microfiber towel is then used to wipe the lifted dirt particles off the surface. A second clean microfiber towel is used to polish the surface, leaving behind a shiny protective coating that preserves the clear coat and paint.
[14:26] {robbers} Heading out to a meeting.  Thanks for the good education and good trades. Great day to everyone.
[14:26] {Les} cheers robbers
[14:27] {drewj} take care
01[14:27] {&Threei}  take care robbers
[14:27] {Will49} see ya robbers
[14:27] {Les} noticed Philli housing index lifting on -100% volume
[14:27] {Les} or so says FSC. Ditto the NSDQ composite
[14:30] {Les} crap SPY DT'd
[14:33] {drewj} what book did jesse livermore write?
[14:33] {Les} didn't
[14:33] {Les} was biography of him
[14:33] {dino} remenices of a stock operator based on his life
01[14:33] {&Threei}  just read Reminiscences
01[14:34] {&Threei}  the one he penned himself is not really good
[14:34] {Les} Lefevre wrote it
[14:34] {drewj} ok...i just bought that to listen to on
[14:34] {dino} good read drew
[14:34] {drewj} just making sure
[14:36] {nemo} so...does mos bounce at this test of the lows, or head for the 50 day
[14:37] {Les} rather sick looking puppy MOS
[14:38] {+cc_9} come on ONVO, give me $9.00+
[14:39] {Les} 9 is VWAP cc
[14:40] {+cc_9} cute
[14:42] {+cc_9} all out VJET +$0.20
[14:43] {+cc_9} i mean ONVO
[14:43] {+cc_9} the hell with VJET
[14:43] {Les} gj
[14:43] {nemo} iwm new highs .10 cents away
[14:43] {+cc_9} calling it a day
[14:43] {Les} a+ tard cc
[14:45] {+cc_9} non je reste ici mais bon, j'ai fini pour la journee quoi
[14:49] {nemo} with light volume next week market should rip significantly higher
[14:49] {Les} hmmmm c'est quoi le semaine prochaine?
[14:49] {+cc_9} Apple vs Samsung verdict imminent
[14:50] {+cc_9} la semaine prochaine on bouffe la dinde comme des malades
[14:50] {nemo} so which way the pair trade?
[14:50] {+cc_9} there is none, unless you trade options
[14:51] {+cc_9} but this is all priced in and its not HUGE news anyways.
[14:51] {+cc_9} they will go back and forth with suits and counter suits
[14:53] {+cc_9} AMGN looks good here
[14:53] {Les} aapl a little over extended here
[14:54] {Les} but not playable for me
[14:54] {nemo} might be a short at vwap cc
01[14:54] {&Threei} Short Setup: GLD  120 break
01[14:54] {&Threei}  If holds  .10
[15:00] {dino} closing in 45, calling it a day, gn all
01[15:00] {&Threei}  take care dino
[15:00] {Les} a+
[15:01] {drewj} bye dino
[15:01] {Will49} peace dino
[15:01] {dino} ty
01[15:01] {&Threei}  1:1
[15:01] {mrcanada} back....thought I was gone all afternoon
01[15:01] {&Threei}  1:2
[15:02] {mrcanada} so what did Vad just trade?
01[15:02] {&Threei}  out
01[15:02] {&Threei}  GLD shprt
01[15:02] {&Threei}  short
[15:02] {drewj} missed 1:2
[15:02] {Will49} nice call Vad
01[15:02] {&Threei}  took .82 after .80 blinked very fast
[15:03] {drewj} should i get out?
[15:03] {+cc_9} UVXY all time lows lol
01[15:03] {&Threei}  keep stop at .91 drew
01[15:03] {&Threei}  see if it wants to continuye down
01[15:04] {&Threei}  if goes above .90, the trade is likely over
[15:05] {mrcanada} cc...with uvxy will they just do a reverse split when it gets below a certain level?
[15:09] {drewj} out.92
[15:09] {drewj} thanks vad
01[15:09] {&Threei}  yw
01[15:11] {&Threei}
[15:12] {Les} heh
[15:12] {Les} another false prophet
[15:12] {mrcanada} haha
01[15:13] {&Threei}  if ese reads today's log, tomorrow we are all going to be seals
[15:14] {Will49} and not Navy Seals
[15:14] {Les} oh
01[15:14] {&Threei}  no... just clubbed seals
[15:15] {Les} had my heart on being G.I Jane
[15:15] {nemo} spy setting up to break again
[15:15] {nemo} vmw too
[15:21] {drewj} Thanks for everything today guys/
[15:21] {drewj} Have a good evening.
01[15:21] {&Threei}  take care drew
[15:21] {Les} ciao man
[15:25] {nemo} the proverbial hair below all time highs in iwm
01[15:25] {&Threei}  The Goldman Sachs Group Inc Responds to press reports about a potential large loss in currencies unit; claims they did not suffer losses in FX trading, gains and losses frequently offset - press- Reminder: Yesterday press reports circulated that Goldman incurred a large loss on a trade in FX
[15:26] {nemo} probably find out GS in Japan was on the other side of GS USA
01[15:26] {&Threei}  Apple Inc Jury comes to a verdict regarding damages in case vs Samsung - press- Reminder: Apple was seeking $380M; Samsung claimed damages were as little as $52M
01[15:26] {&Threei}  lol nemo
01[15:27] {&Threei}  canadian dollar is my favorite currency today
01[15:27] {&Threei}  pff by almost half a cent
01[15:27] {&Threei}  off
[15:27] {nemo} it must be dropping
[15:28] {mrcanada} don't say that...not a good time to switch to u.s. then?
[15:28] {mrcanada} my acct. are all in Canadian $....
[15:28] {mrcanada} tired of getting hit to change back and forth
01[15:29] {&Threei}  since I trade in USD, every CAD drop is greatly appreciated
01[15:30] {&Threei}  I am sure will feels similarly
[15:30] {Will49} amen
01[15:30] {&Threei} Short Setup: FB  .90 break
01[15:31] {&Threei}  hl
01[15:31] {&Threei}  If holds  47
[15:31] {mrcanada} want to change to u.s. for one acct. if not 2...will they allow you to trade on an RRSP acct. in u.s. $$ ?
[15:31] {nemo} So, CC, what is the procedure if and when the market pulls back tomorrow?
01[15:31] {&Threei}  no idea mrc, you operate a broker we don't normally use for this kind of things
01[15:32] {&Threei}  1:1
[15:34] {nemo} .76 pivot Vad
01[15:34] {&Threei}  if it gets there, it will drop like a stone, IMO
[15:39] {nemo} looking at stocks that had bad earnings reports, unless the business model broke, they're all being bought back up
[15:39] {nemo} RIG C&H
[15:48] {Will49} like the last 30 seconds of an ebay auction
[15:48] {nemo} I have nothing to do with ebay anymore, what a waste of time
[15:50] {Les}  speaking of waste of time. beddy byes for me. a+
[15:51] {+cc_9} a+
01[15:54] {&Threei}  die FB
[15:54] {Will49} now
[15:55] {nemo} spy holding that upper channel line
[15:55] {nemo} back to June I think
01[15:57] {&Threei}  1:2 baby
[15:57] {mrcanada} nice call on FB
01[15:57] {&Threei}  out, and happy with this trade partiocularly and the whole day overall
[15:58] {Will49} for sure
[15:58] {mrcanada} gr8
[15:58] {Will49} excellent day Vad
01[15:58] {&Threei}  :)
01[15:58] {&Threei}  thank you all, have a good evening
01[15:58] {&Threei}  see you tomorriw
[15:58] {mrcanada} k