Tuesday, January 28, 2014

Jan 28 2014

Volatile day with a very strong opening, annoyingly random afternoon and strong close. Opened several 1:3ers and scalps, took a few stops in the afternoon and ended with another 1:3er - positive, and looking forward to tomorrow's FOMC day action. Most likely active morning, then lackluster market into FOMC and usual up/down after rate announcement. 



Session Time: Tue Jan 28 00:00:00 2014

06[09:10] * Les offers Nemo a lovely Chianti with a great mushroom risotto to accompany his rabbit
[09:10] {nemo} funny, I was thinking of making use of you for some sweetbread stew
[09:10] {Les} well at least I know Mirc is working today
[09:10] {nemo} then again, you probably don't have any to use
[09:11] {Les} with present company, who needs em?
[09:11] {Les} :P
01[09:11] {Threei}  morning
[09:11] {Les} no its not
[09:11] {nemo} you would need them in the company of amoeba
[09:11] {Les} aaaahahhaha
[09:11] {Les} not bad not bad
[09:15] {Les} found myself scalping my way up as the buying got more and more urgent yesterday arvo
[09:16] {Les} pity didn't have energy to sit out the short side into close
[09:26] {RonS} gm
01[09:27] {Threei}  ron :)
01[09:31] {Threei} Long Setup:  C  .50 break
01[09:31] {Threei}  If holds  .40
01[09:34] {Threei}  no go
[09:35] {dino} rcii sm l .40
[09:37] {dino} rcii stopp -.30
01[09:39] {Threei} Long Setup:  FB  .70 break hl
[09:39] {dino} reload .04
01[09:39] {Threei}  If holds  .60
01[09:41] {Threei}  1:1
01[09:41] {Threei}  1:2
01[09:42] {Threei}  1:3
01[09:42] {Threei}  out
01[09:45] {Threei}  C rinsed
01[09:47] {Threei} Long Setup:  CAT  .85 break
01[09:47] {Threei}  If holds  .75
01[09:49] {Threei}  trail to .79
[09:49] {dino} cit sm s .99
01[09:50] {Threei}  1:1
[09:53] {Les} sm. DIA long here
01[09:53] {Threei}  1:2
[09:53] {Les} ty for CAT
01[09:53] {Threei} Short Setup: FB  55 break
01[09:53] {Threei}  If holds  .10
01[09:53] {Threei}  yw
01[09:53] {Threei}  Invalidated
[09:54] {Les} half DIA +.18
01[09:54] {Threei}  1:3
01[09:54] {Threei}  out
[09:54] {_Joebi_Wan} Thanks Vad
01[09:55] {Threei}  :)
[09:56] {Les} out DIA
[09:57] {Les} sm FB short
[09:57] {Les} half cover
[09:57] {Les} out
01[09:59] {Threei}  *(US) JAN RICHMOND FED MANUFACTURING INDEX: 12 V 13E
01[09:59] {Threei}  *(US) JAN CONSUMER CONFIDENCE: 80.7 V 78.0E
[10:02] {dino} cit stop/cov .14-.15
[10:03] {dino} rinsed
[10:05] {munky} .
01[10:05] {Threei}  munky...
01[10:05] {Threei}  missed 2 1:3ers
[10:05] {munky} i knew it...internet down until now
01[10:06] {Threei}  ugh
[10:06] {munky} i knew it tho
[10:06] {munky} figuired 1:5 ers
[10:06] {_Joebi_Wan} C was
[10:06] {_Joebi_Wan} but rinsed us
01[10:07] {Threei}  well yes, but we exited too soon :)
[10:07] {munky} so u done for day? lol
01[10:07] {Threei}  can I?
01[10:08] {Threei}  or, switching to English, may I?
[10:08] {munky} only if u want me to quit the room he he
01[10:08] {Threei} Long Setup:  FB  .15 break
01[10:08] {Threei}  If holds  .05
01[10:09] {Threei}  1:1
[10:10] {Les} IWM potential DT
[10:10] {Les} short DIA
[10:10] {Les} .97 holding .03
[10:11] {Les} half .90
[10:12] {Les} 2nd half flat
[10:13] {Les} SOMG
[10:13] {Les} DT folloing yesterdays high
01[10:19] {Threei} Short Setup: C  .65 break
01[10:20] {Threei}  If holds  .75
[10:24] {Les} long TZA
[10:24] {Les} .07 holding .00
[10:25] {Les} screwed up theshort side yesterday see if can do better here
[10:26] {Les} stop to .05
[10:26] {Les} half out .14
[10:28] {Les} quarter at .17 this is vwap resistnace
[10:29] {Les} all out
[10:29] {Les} me stopping here. got RDV with my boy's teacher. good morning's trading. A+
01[10:30] {Threei}  no go
01[10:31] {Threei}  leaving C be for today, no cooperation
[10:35] {dino} irix partial l .25
[10:38] {dino} cit sm s .15
01[10:42] {Threei} Long Setup:  CAT  .05 break
01[10:42] {Threei}  If holds  .95
[10:47] {dino} cov cit .90, +.25
01[10:48] {Threei}  trail to .99
01[10:49] {Threei}  who unplugged SPY?
01[10:50] {Threei}  meh CAT
[10:57] {dino} out rcii .75, +.70
01[10:58] {Threei}  wtg
01[10:58] {Threei} Long Setup:  FB  .75 break
01[10:59] {Threei}  If holds  .65
01[11:01] {Threei}  1:1
01[11:06] {Threei}  we seem to go back to scalping mode
01[11:07] {Threei}  not very surprising, considering FOMC tomorrow
[11:08] {dino} pcom smr s .20 thinnny/gapper
[11:11] {dino} rcii drop
[11:18] {dino} rcii sm l .15
[11:20] {RonS} srcl hit over Herb Greenberg piece saying DOJ investigation coming...
[11:23] {RonS} Deseret Times article saying no. SLC facility has toxic emissions...
01[11:24] {Threei} Short Setup: IWM  .40 break
01[11:24] {Threei}  If holds  .50
[11:26] {munky} not avail i guess
[11:26] {_Joebi_Wan} not shortable here...
[11:26] {nemo} nope...gotta' use tza
01[11:26] {Threei}  yeah
01[11:26] {Threei}  TZA is too narrow
01[11:27] {Threei} Short Setup: FB  .40 break
01[11:27] {Threei}  If holds  .50
[11:32] {munky} fb looks like double bottom
[11:36] {munky} nice u win
01[11:37] {Threei}  1:1
01[11:37] {Threei}  1:2
[11:37] {_Joebi_Wan} nice call
[11:37] {goinshort} nice V!
01[11:37] {Threei}  :)
[11:38] {_Joebi_Wan} RON, I'm in SLC, the air is terrible right now
[11:40] {RonS} temp inversion no uncommon slc this time of the year...
01[11:40] {Threei}  will try for 1:4 on FB
01[11:40] {Threei}  1:3
01[11:42] {Threei}  out last piece on a trail
[11:46] {munky} u see a bounce in fb coming?
01[11:50] {Threei}  tough call
[11:51] {munky} prolly needs mkt help, bounce
01[11:52] {Threei}  watching IWQM for double bottom, pullback entry around .10
[11:53] {munky} IWM?
[11:53] {dino} pcom cov .87, +.33
01[11:53] {Threei}  IWM
01[11:56] {Threei}  got away
[11:56] {munky} how about cat?
01[11:57] {Threei}  not sure about it
01[11:57] {Threei}  kind of lost will to move
01[12:00] {Threei}  if anything, CAT looks like short to me now
[12:00] {RonS} hlf nus pressure
01[12:01] {Threei}  HLF Ticks lower following NY Post article indicating that Canada Govt regulators have launched formal investigation into whether company is operating a pyramid scheme
01[12:02] {Threei} Short Setup: CAT  .75 break
01[12:02] {Threei}  If holds  .85
[12:02] {RonS} doesn't sound "nice"...wtf?
01[12:02] {Threei}  we will say "sorry" after each conclusion point, ron
[12:02] {RonS} lol
01[12:02] {Threei}  and before
[12:03] {RonS} rotflol
01[12:03] {Threei}  and insert one mid-sentence for a good measure'
[12:03] {dino} nus drop
01[12:04] {Threei}  "Sorry, our investigation shows that your sorry company is a scam of the earth, sorry"
01[12:04] {Threei}  how's that for nice?
01[12:04] {Threei}  Invalidated  CAT
01[12:12] {Threei}  valid again
[12:15] {_Joebi_Wan} down kitty
01[12:16] {Threei}  nah
[12:21] {munky} frustrating for me today, miss open tech probs, mkt blows after
[12:40] {thomcbell} fb 54.49 break vad
01[12:41] {Threei}  I'd prefer .50 :)
01[12:44] {Threei}  crap
01[12:44] {Threei}  had alert ready for .35 long IWM, and missed it
[12:44] {thomcbell} 1:1
01[12:44] {Threei}  yup, FB works
01[12:53] {Threei}  need one more leg down for a better setup
01[12:55] {Threei}  what the deuce, missed again
01[12:55] {Threei}  .30 was it
01[12:55] {Threei}  tough read
[12:58] {dino} out irix flat
01[13:07] {Threei} Short Setup: FB  .55 break
01[13:07] {Threei}  If holds  .65
01[13:11] {Threei}  Invalidated
[13:18] {dino} kold drop
[13:18] {dino} l .98
[13:25] {dino} out kold .68, +.70
[13:26] {_Joebi_Wan} nice knock out...
[13:26] {dino} ty, lucky
[13:47] {nemo} joebi going for Ron's title
[13:50] {dino} kold lod
[13:53] {dino} lissed it
[13:53] {dino} missed
01[14:19] {Threei} Long Setup:  FB  .90 break
01[14:19] {Threei}  If holds  .80
01[14:25] {Threei}  if dives under .80, let's look for DKTK setup
[14:28] {munky} ?
01[14:29] {Threei} Long Setup:  FB  .80 break
01[14:29] {Threei}  If holds  .75
01[14:29] {Threei}  ?
[14:30] {munky} dktk?
01[14:31] {Threei}  didn't we discuss it a few days ago
01[14:31] {Threei}  "don't kid the kidder"
[14:31] {nemo} yep
[14:31] {munky} ah
01[14:35] {Threei}  FB, are you blind or what
01[14:35] {Threei}  look at SPY
[14:42] {thomcbell} u have to wait for people to short it
[14:42] {thomcbell} for the long to work
01[14:42] {Threei}  meh
[14:47] {dino} hem
[14:49] {RonS} starting a thread with hem?
[14:51] {dino} :)
[14:51] {dino} kold new lod
[14:55] {thomcbell} nice 0.25 cent rally out of nowhere FB
[14:55] {thomcbell} lol
01[14:55] {Threei}  SoMG
[14:57] {munky} somg?
01[14:57] {Threei}  son of a motherless goat
[14:57] {nemo} start calling him "Les"
01[15:05] {Threei}  no news for SPY dump
01[15:07] {Threei} Long Setup:  FB  .70 break
01[15:08] {Threei}  If holds  .64
01[15:09] {Threei}  Invalidated
01[15:12] {Threei} Short Setup: CAT  .40 break
01[15:13] {Threei}  If holds  .46
01[15:19] {Threei}  FB is total SoMG today
[15:20] {RonS} live shot dead
[15:20] {thomcbell} clf what a short
[15:20] {thomcbell} investment short from pre-open
01[15:21] {Threei}  Ron fights back
01[15:23] {Threei}  second half of the day is not mine today
[15:26] {thomcbell} talk tomorrow guys
01[15:26] {Threei}  take care tbell
[15:30] {munky} u still in cat sh?
[15:31] {munky} well not now
01[15:32] {Threei}  no
[15:36] {RonS} ...the Fed has too many freakin meetings...
01[15:36] {Threei}  no kidding
01[15:37] {Threei}  setting rate every month
01[15:37] {Threei}  once a quarter would be just fine
01[15:37] {Threei}  with emergency meeting thrown in when really needed
[15:37] {RonS} ...may beg the q...did they set schedule accrding to the Politburo?
[15:38] {RonS} ...and then the minutes separate ferchrissake
01[15:38] {Threei}  I don't believe the economy of this size moves as quickly to justify such frequent rate reset
01[15:39] {Threei}  last try
01[15:39] {Threei} Long Setup:  FB  .90 break
[15:39] {RonS} i vote dino for fed chair
[15:39] {RonS} besides...gotta be better looking...
[15:40] {dino} just another reason to tell themselves that they are important (and get a free meal/hotel room)
01[15:40] {Threei}  well, goinshort is out of question simply because the name would give birth to too many conspiracy theories
01[15:40] {Threei}  but munky might be very intriguing name for that
[15:40] {dino} lol, dino for fed, sweet
[15:40] {goinshort} lol
01[15:41] {Threei}  nemo is out of running for similar reason
01[15:41] {Threei}  although not many know it's more than a lost fish
01[15:42] {Threei}  raven won't do either... "nevermore" is no good for rate cut
[15:42] {dino} joebi wan could use the force
01[15:43] {Threei}  who will be luke?
01[15:43] {Threei}  come on FB
01[15:43] {Threei}  or maybe better question... who will be Leia
01[15:44] {Threei}  janet yellen as leia...
01[15:44] {Threei}  ugh
[15:44] {_Joebi_Wan} please no
01[15:44] {Threei}  didn't think so :)
[15:44] {_Joebi_Wan} FB .80 stop?
01[15:45] {Threei}  .84
01[15:45] {Threei}  no point in risking too much this close to eod
01[15:46] {Threei}  half out
01[15:46] {Threei}  1:1
01[15:47] {Threei}  glad to finish the day with a win, afternoon was too random
01[15:48] {Threei}  move move FB
01[15:48] {Threei}  time's an issue
[15:48] {_Joebi_Wan} Im out, thanks Vad!
01[15:48] {Threei}  :)
[15:49] {_Joebi_Wan} see ya all
01[15:49] {Threei}  take care joebi
01[15:49] {Threei}  1/4 more out
01[15:50] {Threei}  1:2
01[15:51] {Threei}  FB works hard to rectify its somg status
01[15:53] {Threei}  wow SPY
01[15:56] {Threei}  extremely jerky
[15:57] {nemo} pre-Fed action
01[15:57] {Threei}  looks like after-fed, lol
01[15:57] {Threei}  soike down, spike up
01[15:57] {Threei}  ok guys, thank you all
01[15:57] {Threei}  have a great evening, see you tomorrow
01[15:59] {Threei}  out .16
[15:59] {dino} gn all