Tuesday, January 14, 2014

Jan 14 2014

Kangaroo tail reversal for quick and easy 1:3, makes for a nice start of the day

Reversal setups, including this one, are described in great details in our 111 Trades Online Course at http://www.realitytrader.com/111trades.html 

Very strong day overall - I'd call it "can do rarely wrong" as there were some stops, but profitable trades were many and juicy. 

Session Time: Tue Jan 14 00:00:00 2014
[09:03] {dino} gm
[09:03] {RonS} howdy
01[09:06] {&Threei}  morning dino, ron :)
01[09:23] {&Threei}  Greece Fin Min Stournaras commented that he did not see any further debt write-downs on Greece debt as they are prohibited by national constitution
01[09:23] {&Threei}  lol
01[09:23] {&Threei}  as if it stopped them before
[09:23] {dino} sure sounds famialar
01[09:23] {&Threei}  no kidding
[09:24] {Les} that's creepy, why say that now?
01[09:24] {&Threei}  my guess is, another round is coming
[09:24] {thomcbell} clf up on analyst upgrade right to broken support - will look for a short setup
01[09:28] {&Threei}  gold's week, finnies strong
[09:28] {Les} it's a week for gold is it?
[09:29] {Les} or is gold 'weak' :P
01[09:29] {&Threei}  weak
[09:29] {dino} wow viix
01[09:30] {&Threei} Short Setup: GLD  .55 break
01[09:30] {&Threei}  If holds  .60
01[09:40] {&Threei}  quiet opening
01[09:40] {&Threei}  meh GLD
01[09:40] {&Threei}  works as SPY hedge
[09:43] {thomcbell} mu bananas
[09:43] {thomcbell} into gap and exploded
01[09:43] {&Threei} Short Setup: FB  .65 break hl
01[09:43] {&Threei}  If holds  .75
[09:44] {ese} i'm here i'm here....let the bells ring let the banners fly.....i'm here!!!
[09:45] {nemo} what are all those laser dots on your chest?
[09:45] {ese} lol
01[09:46] {&Threei}  1:1
01[09:46] {&Threei}  1:2
01[09:47] {&Threei}  1:3
01[09:47] {&Threei}  me out
[09:48] {fish_49} must have been a short?
01[09:48] {&Threei}  FB, yes
[09:48] {thomcbell} lulu waants lower
[09:49] {ese} nemo....you still rig on your radar
[09:49] {nemo} huh?
[09:49] {nemo} oh
[09:49] {nemo} no
[09:49] {nemo} oil been down strong, this is a short here, but be interesting to see where oil goes today considering it's been a redheaded step-child of late
[09:51] {ese} sorry bout that RIG
[09:52] {ese} the daily looks good...consolidation mode
[09:52] {ese} was thinking yesterday could be part of higher low
[09:53] {nemo} fundamentals of oil production are changing
[09:53] {nemo} I know it's not trading, but that industry is gonna' be cloudy for awhile, unless China attacks somebody
[09:54] {ese} ya for sure
[09:57] {fish_49} SPY Filled the gap?
[09:57] {nemo} no
[09:57] {fish_49} that's what I thought
01[09:59] {&Threei}  *(US) NOV BUSINESS INVENTORIES: 0.4% V 0.3%E
[09:59] {thomcbell} swks very strong yest
[09:59] {thomcbell} looks good here
[10:01] {dino} gpor sm l .00
[10:03] {Les} sm iwm short here
[10:03] {Les} .54 hilding  .60
[10:04] {Les} should be hiting DIA but it is what it is
[10:04] {Les} 1:1
01[10:05] {&Threei} Long Setup:  C  .95 break
01[10:05] {&Threei}  If holds  .87
[10:06] {Les} 2nd half iwm stop
01[10:07] {&Threei}  1:1
01[10:10] {&Threei}  (US) Senate Majority Leader Reid (D-NV): Have held good negotiations with Republicans on extending unemployment insurance, still working to reach an agreement
01[10:11] {&Threei}  who let the clowns in?
01[10:15] {&Threei} Short Setup: FB  .85 break
01[10:15] {&Threei}  If holds  .90
01[10:16] {&Threei}  1:1
[10:18] {dino} rlyp spike
[10:25] {nemo} basically nothing on the weak side of the algo
[10:30] {fish_49} cut the longer term unemployment and see if that helps the unemployment rate.  Who heard of being on the tax payer for 2 years?  Friggin Socialism
[10:30] {thomcbell} c what a dog
[10:38] {thomcbell} mu 23.52 break if hlding 23.60
[10:39] {nemo} are u shorting?
[10:39] {nemo} this is vwap at .50 on a strong stock
[10:39] {ese} fwlt
[10:39] {dino} ctrl spike, ehth too
[10:40] {thomcbell} forget it
[10:46] {nemo} IWM back up into yesteday's range...that'll have to weaken for the market to come in
01[10:48] {&Threei} Short Setup: C  .70 break
01[10:48] {&Threei}  If holds  .80
[10:57] {nemo} frickin' grind up
[10:58] {dino} ditto
[10:58] {nemo} makes sense, it is a bull market
01[11:02] {&Threei}  stop to .76
[11:03] {fish_49} we lost our new CC so fast?
01[11:03] {&Threei}  no, he is available via Skype
[11:03] {fish_49} ahhh  ok
01[11:03] {&Threei}  room, on and off, depending on need
[11:04] {fish_49} 10-4
[11:05] {fish_49} don't have a need yet  just noticed him missing in action  thought Nemo kicked him out
[11:13] {dino} agn spike
01[11:20] {&Threei}  look at GLD
01[11:21] {&Threei}  total SPY hedge
[11:21] {dino} agn smr s .41
[11:22] {thomcbell} C what a dog ill say again
[11:23] {fish_49} Thomb  what are u expecting on C
[11:23] {thomcbell} if market weakens it is a short
[11:24] {dino} ehth sm s .48
[11:29] {dino} cov ehth .10, +.38
[11:35] {thomcbell} lulu speaking at a conf. just had  some selling pressure come into the name
01[11:36] {&Threei}  Lululemon athletica inc Exec: SSS forecast including online sales to be in up in the low single-digits - conf comments ***Reminder: On Jan 13th, the company cut its Q4 guidance to $0.71-0.73 v $0.79e, R$514-518M v $541Me and guided SSS down "low-to-mid-single digits"
01[11:38] {&Threei} Short Setup: GLD  .80 break
01[11:38] {&Threei}  If holds  .90
[11:41] {dino} tsla spike
[11:44] {thomcbell} swk 81.80 long break
[11:47] {RonS} 3i, see a twtr long trigger?
01[11:47] {&Threei}  .80
01[11:48] {&Threei}  if holds .60
[11:48] {RonS} txs
[11:48] {thomcbell} swk 1:1
[11:53] {thomcbell} thats all she had on swk
01[12:00] {&Threei} Short Setup: SLW  .50 break
[12:06] {Les} DIA ooking heavy following 2nd effort to break 163
01[12:12] {&Threei}  1:1
01[12:45] {&Threei} Long Setup:  FB  .20 break
01[12:47] {&Threei}  If holds  .10
01[12:50] {&Threei}  (US) Fed's Plosser (hawk, 2014 voter): Weak Dec jobs data should not impact taper, supportive of moving forward with Fed bond buying wind down- Repeats concerned Fed may not raise rates when the time is right; Fed should seek to end its bond purchases before the late part of 2014 - Sees potential for upside risk in inflation in the long term and reiterates future rate increases may need to be aggressive - Decline in participation rate in the workforce likely driven by demographic factors - Forecasts 2014 GDP at 3%, unemployment rate near 6.2% at year end
[12:53] {nemo} mpc
[12:57] {dino} fprx spike
[13:01] {dino} alny smr s .65
[13:02] {dino} cov .05, +.60
[13:02] {RonS} tsla on fire
[13:02] {nemo} all on comments from what's his name
01[13:03] {&Threei}  Musk
[13:03] {nemo} yeah
01[13:03] {&Threei}  Tesla Motors CEO Musk tweets: Some confusion in media reports today. No Tesla vehicles are being physically recalled by Tesla **NOTE: on 1/10: Tesla announced its would upgrade charger wall adapters following reports of fires in some customers' garages. - Media reports today (1/14) said the NHTSA confirmed the action by Tesla today referring to the adapter replacement as a "recall."
[13:04] {dino} lol, buy a tesla and burn down your house
[13:05] {Les} sm. C short at the whole
[13:05] {RonS} wife's uncle named Cologne...raises q...if a Cologne married a Musk would the EPA ban it?
[13:05] {dino} that just stinks
[13:05] {nemo} so Ron
[13:05] {nemo} nice dino
[13:05] {dino} :)
01[13:06] {&Threei}  would they call their child Bo?
01[13:07] {&Threei}  FB 1:1
[13:09] {dino} lol
[13:11] {RonS} wife's cousin married a Ho...so male offspring is a Ho Ho...would be a dessert or Santa?
[13:11] {nemo} and if she were Swiss, it could have been a yodel
[13:15] {fish_49} Ron it depends on who you ask.  Since they no longer make HoHo's it would be a santa or if you were asking someone from the ghetto it could mean a lady for hire.
[13:16] {RonS} fwiw someone bought Hostess assets and Ho Ho's back...
[13:16] {fish_49} no
[13:17] {fish_49} Twinkies are back  right  but  did they bring back HOHO's?  I am searching them
[13:18] {fish_49} was my favorite junk food  lol  In college we had contest to see who could down the most   I could easily take out an entire box in one sitting
[13:20] {dino} anv s .76
[13:21] {dino} cov anv .62, +.14
01[13:27] {&Threei}  1:2
[13:30] {dino} fish, that reminds me of the 49 contestants instead of 50 in mss usa contest
[13:30] {dino} nobody wanted to be miss i da ho
01[13:31] {&Threei}  lol
[13:32] {Les} lol
[13:32] {Les} C stop +:02
01[13:38] {&Threei}  1:3
01[13:38] {&Threei}  out
01[13:38] {&Threei}  FB is making our day today
[13:39] {dino} anv s .76
[13:45] {fish_49} lol  dino
[13:53] {dino} cov anv .68, +.08
[13:54] {dino} jah s[pike
[14:06] {dino} jah sm s .05
01[14:11] {&Threei} Short Setup: FB  .25 break
01[14:12] {&Threei}  If holds  .35
[14:15] {dino} jah stop/cov
01[14:17] {&Threei}  1:1
[14:19] {fish_49} don't need to distract but if anyone has a free second  tell me how (DAS)  to link my open positions window  to the montage
[14:20] {Les} the anchor icon on your L2 screen fish
[14:21] {Les} drag it over whatever chart you need to link it
[14:21] {nemo} no, I don't think that will work
[14:21] {nemo} it would be in the config window, but I don't see that ability there
[14:22] {nemo} I don't think you can Joe
[14:22] {fish_49} honestly  don't let it distract   what I have is a positions window open and I just want to be able to click on any position in that window and the montage should populate that ticker right?
[14:22] {Les} aah ok
[14:22] {Les} hmmm never tried it
[14:23] {fish_49} so you actually type in the symbol every time?
[14:23] {Les} Have two trading windows
[14:23] {Les} and I don't exceed that number of setups
[14:23] {Les} not with my BP anyway
[14:23] {fish_49} ok  I see a work around
01[14:24] {&Threei}  if you had some symbol on level 2 today, just click the arrow next to the symbol window, it will be in the list
[14:24] {dino} click in montage should transport it everywhere
[14:24] {fish_49} yea  or  I found a way  right click the symbol in the positions list and it will populate in the montage
[14:24] {dino} i only manually enter a symbol in montage
[14:25] {fish_49} next time u have a position in positions window right click the symbol and slect montage  it will populate
[14:26] {Les} gyrating market like the Democrats... Pissin me off.... http://www.popmodal.com/video/1592/Gun-Laws--South-Park
[14:27] {dino} non-stoppable spikes pissing me off
[14:29] {Les} aaah if I'd scalped everything instead of looking for followthru...
[14:30] {fish_49} ok Im 1:1  on a c short  how do I cover?
[14:30] {nemo} buy
[14:30] {Les} u short .90?
01[14:30] {&Threei}  with buy bitton
01[14:30] {&Threei}  button
[14:31] {dino} lol fish
[14:31] {Les} making sure you do not have default settings
[14:31] {Les} but the actual number of shares you shorted
[14:32] {fish_49} Im out  +1
[14:32] {fish_49} ;p;
[14:32] {fish_49} lol
[14:33] {fish_49} that's .01
[14:33] {Les} .01?
[14:33] {Les} heh, shorted C again when it finally lost VWAP support at .90, but again no follow thru
[14:34] {fish_49} I was not looking at it on a chart Les  just playing the video game  to learn this platform
[14:35] {fish_49} I watched the L2 and was up $100 but by the time I was able to figure out how to get out  I ended up +01
01[14:37] {&Threei}  do it in demo mode until you get it down colkd
[14:38] {fish_49} yep
01[14:38] {&Threei}  must be absolutely automatic
[14:38] {fish_49} after I get into the position can I place the stop and the target  also?
[14:38] {nemo} yeah sell stop and buy stop
[14:39] {fish_49} so Im in the position then now I want to key in my stop and my target  and just wait for them to be hit
[14:39] {fish_49} I don't want to do the hover thing
01[14:39] {&Threei} Short Setup: SLW  .35 break
[14:39] {fish_49} hand on mouse  mnouse hovering over the buy or sell button  lol
01[14:39] {&Threei}  you do it only at the moment of the break
01[14:40] {&Threei}  to make sure you get in when it moves fast after breakout
[14:40] {fish_49} I see that now
[14:40] {fish_49} lol
[14:47] {dino} shld spike
[14:48] {dino} sm s .02
01[14:48] {&Threei}  SLW stop is .41
[14:48] {dino} cov shld .32, +.70
01[14:49] {&Threei}  wtg
[14:49] {dino} ty
[14:49] {dino} xon spike
01[14:53] {&Threei}  1:1
[14:53] {Les} ty sir
01[14:53] {&Threei}  yw
01[14:53] {&Threei}  "can rarely do wrong" day
[14:54] {dino} 5 of 9
01[14:54] {&Threei}  not bad
[14:54] {dino} 3 rinses on the 4 losses
[14:54] {dino} better than last week, but should be at 6/9. thats long term average
[14:55] {fish_49} I didn't get out at 1:10  I have order in to cover half at .25  never filled
[14:55] {dino} triggers on shorts are not cooperating
[14:56] {dino} agio spike
[14:58] {fish_49} 6 out of 9 winners Dino?
[14:59] {dino} typically, but struggling so far this year
[15:01] {dino} agio going crazy
01[15:02] {&Threei}  Raid at Justin Bieber LA house, cocain found
[15:02] {fish_49} out in full
[15:02] {dino} shocking (not)
01[15:03] {&Threei}  about 3/4 of Canada jumps up and down, for the first time happy to see his name in the news
[15:04] {Les} thought my scanner had bugged my pc. setting up new scanner for negatives takes significant resources...
01[15:04] {&Threei}  hmm?
[15:05] {dino} huh?
01[15:05] {&Threei}  wait, what scanner?
[15:05] {Les} putting first negative ever under my Canon scanner for digitalisation
01[15:05] {&Threei}  rofl
[15:05] {Les} ?
01[15:05] {&Threei}  I thought you meant IntelliScan
[15:06] {Les} hehehe
[15:06] {dino} lol, i thought you were talking about stock scanner for drops
01[15:06] {&Threei}  so did I
[15:06] {nemo} Intelliscan and Les are an oxymoron
[15:06] {Les} LOL
[15:06] {Les} ah piss off bunny boy this is funny
01[15:06] {&Threei}  reread your line from that point of view Les
01[15:06] {&Threei}  you will laugh as I did
[15:06] {fish_49} negatives as in film?
[15:06] {Les} yeh I can see the traders mindset
[15:07] {Les} yeh. thought it had locked up my pc. just takes a long time
01[15:07] {&Threei}  my first thought was, jeez, decade of IntelliScan use, never heard of any bugs in it
[15:07] {nemo} if we get to 184.20ish we'll completely recover yesterday's hiccup
[15:07] {fish_49} sometimes the Chinese stink bugs get in there  Vad
01[15:07] {&Threei}  and even if something is wrong with it, how come it manifests itself only on dropping stocks?
[15:08] {fish_49} well thos Chinese stink bugs in the scanner can cause all kinds of damage.  Cups  no longer have handles  and head and sholders can be missing sholders sometimes
01[15:08] {&Threei}  and btw... anyone ever tried this tropical thing called bitter melon?
06[15:08] * Les slaps fish_49 around a bit with a large trout
01[15:08] {&Threei}  or bitter gourd
01[15:08] {&Threei}  lol fish
01[15:09] {&Threei}  man, when they call it "bitter" they are not kidding...
[15:09] {fish_49} ok so where can I review closed trades for price filled
[15:09] {fish_49} I have heard of it  but don't think I have tried it Vad.  
01[15:10] {&Threei}  unless you like bitter multiplied by bitter and by factor 10x, don't...
[15:11] {dino} click trades on tool bar, then trades again
[15:12] {fish_49} got it thanks Dino
[15:12] {dino} np
[15:12] {dino} xon another spike
[15:13] {dino} aol too
[15:23] {Les} would like to say DIA DT but that's been enough top calling for one day...
01[15:24] {&Threei}  it looks to me like another breakout
[15:24] {Les} let it alone then
[15:25] {nemo} 183.78 yesterday's pivot 184.24ish is yesterday's high, iwm .06 from yesterday's high
[15:25] {nemo} Q's ripped almost 2% finnies weakest
01[15:32] {&Threei} Short Setup: FB  .60 break hl
01[15:32] {&Threei}  If holds  .70
[15:33] {dino} teva spike
[15:45] {fish_49} ok I learned how to place a stop market order with this platform  But once it's filled I need to remember to cancel my profit target orders
[15:45] {fish_49} just learning the platform Im up 68 bucks  I feel good
01[15:46] {&Threei}  there is OCA orders I think
01[15:46] {&Threei}  One cancels another
[15:46] {fish_49} yea  I will learn that tomorrow if CC7 is here  he indicated he would be in the room tomorrow
01[15:46] {&Threei}  so you can place both target and stop, and when one is filled, other is automatically cancled
[15:46] {Les} IWM short works
[15:47] {Les} come on FB
[15:47] {fish_49} yea  I use them on my existing platform
[15:47] {fish_49} when I place an order to get in a position the stop and the profit orders go in at the same time  just in case electricity goes out
[15:47] {nemo} that only works if the order is out on the server
[15:48] {nemo} you better ask that question tomorrow
[15:48] {fish_49} yes  of course  OSO  and OCO  should be out on the server if not it would be useless
01[15:49] {&Threei}  OK, done for the day
01[15:49] {&Threei}  good one, too
01[15:49] {&Threei}  thank you all, have a great evening, see you tomorrow
[15:49] {fish_49} see ya
[15:49] {Les} a+