Friday, January 31, 2014

Jan 31 2014

Quite amazing trading day actually. Started out very slow and looked dead for a while, with tiny profit and no activity. The trades started trickling in, making day brigther and brighter and finally amassed to solidly profitable day. Among others, 1:3ers on YHOO and near end of day C were especially nice - slow enough to be easy to execute and fast enough not to test our patience. Very good end to a very good week.

Session Time: Fri Jan 31 00:00:00 2014
[09:02] {RonS} gm...another fun day in the neighborhood
01[09:04] {@Threei}  ron :)
[09:11] {mib_cuibnh} knock knock
[09:11] {nemo} we don't want any!
06[09:11] * nemo racks the slide
[09:11] {mib_cuibnh} why is my name nib_cuilbnh
[09:11] {nemo} Not In my Backyard
[09:11] {Les} cause you are Spanish?
[09:12] {Les} Swahili maybe
06[09:12] * nemo turns on the laser sight
[09:12] {Les} oh do grow up bunny boy
[09:12] {nemo} not in a good mood this morning
[09:13] {Les} you know where the bottle is
[09:13] {nemo} empty...that's why I'm not in a good mood
[09:14] {mib_cuibnh} this never happened  b4  I logged in just like I do every day
[09:14] {mib_cuibnh} not sure whats up
[09:14] {mib_cuibnh} this is Fish
[09:14] {nemo} should have let me shoot him
[09:14] {Les} fish is dead
[09:14] {Les} this is mib... whatever
[09:14] {nemo} long live fish
[09:15] {mib_cuibnh} ok I give in  whats the gig?
[09:15] {thomcbell} fb flush down to 59.20 to 58.75ish is a great spot - 3 day trailing pivot - 38% retrace and prior resistance becoming support
[09:15] {nemo} MA
[09:15] {thomcbell} dont know if it makes it there but......
[09:16] {fish_49} ok  No clue what that was all about
[09:16] {fish_49} seems fine now
[09:17] {Les} no you can shoot him
[09:17] {Les} now
[09:29] {RonS} lol nemo:   Photo released of @justinbieber's arrest.”
[09:29] {nemo} yeah
[09:32] {Les} someone drag vad away from the bacon
01[09:32] {@Threei} Short Setup: FB  .60 break hl
01[09:33] {@Threei}  Invalidated
01[09:33] {@Threei} Short Setup: FB  .70 break hl
01[09:33] {@Threei}  If holds  .80
01[09:33] {@Threei}  Invalidated
01[09:34] {@Threei} Long Setup:  C  .40 break
01[09:34] {@Threei}  If holds  .30
01[09:35] {@Threei}  1:1
01[09:37] {@Threei} Short Setup: FB  .90 break hl
01[09:37] {@Threei}  If holds  61
[09:39] {thomcbell} fb feeling long to me
01[09:39] {@Threei}  meh
[09:39] {thomcbell} vad
01[09:39] {@Threei}  yes
[09:42] {thomcbell} fio vulnerable here
01[09:42] {@Threei} Short Setup: SLW  .80 break
01[09:42] {@Threei}  If holds  .90
[09:43] {thomcbell} fb
[09:43] {thomcbell} darn
01[09:47] {@Threei} Short Setup: CAT  .90 break hl
01[09:47] {@Threei}  If holds  94
01[09:49] {@Threei}  change to .95 break
01[09:49] {@Threei}  If holds  .05
01[09:50] {@Threei}  Invalidated
[09:50] {nemo} indexes look up, doubhtful cat will come in
[09:50] {fish_49} yea indexes finally getting a bounce
01[09:54] {@Threei}  frikin CAT got away
[10:01] {Les} smal cat long
[10:01] {Les} holding .20
[10:02] {Les} 1st payload away
[10:04] {Les} made 1:2 q off
[10:04] {Les} out on the trail
[10:05] {RonS} gj
[10:05] {Les} nailed fb long at pivot but too fast for me scalponly
[10:05] {Les} ty
[10:05] {thomcbell} ua very impressive
[10:06] {Les} getting there. was all over the place yesterday
[10:07] {Les} gld crapped itself without us
01[10:13] {@Threei} Short Setup: YHOO  .25 break
01[10:13] {@Threei}  If holds  .30
01[10:14] {@Threei}  Invalidated
[10:15] {Les} fb at resistance
[10:17] {Les} woud like to short CAT here dunno if ready
[10:17] {thomcbell} yhoo invalid but im still interested in finding a setup on this one  vad
01[10:18] {@Threei}  yup
01[10:21] {@Threei} Short Setup: CAT  .40 break
01[10:21] {@Threei}  If holds  .50
[10:22] {thomcbell} fio 11.34 long break
[10:25] {thomcbell} no go
[10:26] {thomcbell} now looks like a short setup
[10:26] {nemo} frickin' hurry up and wait day
[10:30] {thomcbell} wow yhoo a beast
[10:31] {RonS} the lure of alibaba...yhoo
[10:31] {thomcbell} fio 11.21 short setup
01[10:31] {@Threei} Short Setup: YHOO  .60 break
01[10:32] {@Threei}  If holds  .65
01[10:33] {@Threei}  no go CAT
[10:33] {nemo} that's pretty uniform buying in Yhoo
[10:35] {thomcbell} very big bid at 35.60
[10:36] {nemo} someone is buying a position in yahoo
[10:37] {nemo} kinda' like cat yesterday
[10:37] {nemo} 35.80ish resistance
[10:38] {nemo} bid thickening on yhoo
[10:39] {Les} CAT interesting again
[10:40] {thomcbell} lvs down to test pivot level
[10:40] {thomcbell} wynn still up well
[10:42] {Les} shoret cat
[10:42] {nemo} yhoo volume
[10:44] {Les} scratch that
[10:45] {nemo} LVS pivot
01[10:45] {@Threei}  DDD Citron research again makes cautious comments, citing a Motley Fool article
[10:50] {Les} CAT dam break coming
[10:51] {Les} yho spiking
[10:51] {RonS} rut hod w/ biggest positive tick in days
[10:53] {Les} sm yahoo cat short
[10:56] {Les} yhoo 1:1 without me
01[10:56] {@Threei} Short Setup: YHOO  .05 break
01[10:57] {@Threei}  If holds  .15
01[10:58] {@Threei}  1:1
[10:58] {Les} ty
01[10:58] {@Threei}  just don't be a scalp
[11:01] {Les} scaratch cat
[11:04] {Les} the inability to detach emotionally and go long... CAT. Perfect JBE
[11:05] {thomcbell} lvs great pivot play
[11:08] {Les} CAT spiking
01[11:11] {@Threei} Short Setup: CAT  .50 break hl
01[11:11] {@Threei}  If holds  .60
01[11:13] {@Threei}  1:1
01[11:13] {@Threei}  come on YHOO, a bit more
01[11:14] {@Threei}  stop to .01 YHOO
[11:17] {Les} quarter here ty sir
01[11:17] {@Threei}  1:2
01[11:17] {@Threei}  yw
01[11:17] {@Threei}  finally nailed both
01[11:18] {@Threei}  one is just a scalp, another is nice
[11:18] {Les} 2nd entry cat
[11:18] {Les} .43
[11:19] {Les} stop to .45
[11:19] {Les} 1:1
01[11:19] {@Threei}  wtg
[11:19] {Les} ty sir
01[11:19] {@Threei}  :)
[11:19] {Les} if we're a little off, the charts usually tell me to get in again
[11:19] {Les} but patience ain't my strong suit
[11:22] {Les} stop to .40
[11:23] {Les} made 1:2 holding for more
[11:29] {Les} no dice bunced at  the quarter
[11:31] {thomcbell} vxx small long
[11:32] {thomcbell} fb looks like a short
[11:34] {nemo} vxx gonna' be a higher probability trade this afternoon
[11:35] {thomcbell} ok thanks for input
[11:35] {nemo} buying insurance into the weekend
[11:35] {Les} there goes CAT
[11:52] {Joebi_Wan} test
[11:53] {Les} shutting down for lunch a+
01[11:56] {@Threei}  market activity is nil
01[12:04] {@Threei} Short Setup: WMT  75 break
01[12:04] {@Threei}  If holds  .10
01[12:10] {@Threei}  Invalidated
01[12:10] {@Threei} Long Setup:  YHOO  36 break
[12:10] {thomcbell} yhoo 36 long break if holding 35.90
01[12:10] {@Threei}  lol thom
[12:10] {thomcbell} why vad
01[12:10] {@Threei}  look one line up
[12:13] {nemo} vwap probably a good long now
[12:13] {nemo} vxx
[12:13] {nemo} sorry
[12:13] {nemo} duh
[12:13] {thomcbell} hehe
[12:13] {thomcbell} just saw vad
01[12:13] {@Threei}  :)
[12:16] {Joebi_Wan} what were your indicators for vxx, nemo?
[12:17] {nemo} spy looked like top, 50% retrace of vxx range, now we're getting close to where they'll want to buy insurance into the weekend so good time to start looking
01[12:17] {@Threei}  WMT is va;id again
[12:17] {nemo} if spy can't make new high, or iwm/finnies that will likely be it
01[12:17] {@Threei}  same setup
[12:18] {thomcbell} hmmm wmt
01[12:19] {@Threei}  if nemo is half right, that's the play
01[12:19] {@Threei}  and if he is 70% right it's The play
01[12:19] {@Threei}  1:1
[12:19] {fish_49} glass half full?
[12:19] {nemo} nah, I'm out
[12:20] {nemo} the glass that is
01[12:20] {@Threei}  we know about first 50% :)
[12:22] {thomcbell} msft want to buy it but no setup
[12:22] {thomcbell} could really go thru the highs with this overhang out of the way
[12:25] {Joebi_Wan} fcx short?
01[12:25] {@Threei}  don't see firm setup here... .40 break was much easier to read
[12:26] {Joebi_Wan} k
[12:31] {nemo} vxx boom
[12:32] {nemo} 48.10 the tuff spot for vxx
[12:35] {nemo} if vxx get's through this high 48.70 possible
[12:36] {thomcbell} MSFT 37.48 long break if holding 37.39
[12:36] {thomcbell} contrary to how im feeling about the indexes here
[12:36] {thomcbell} but like the setup
[12:46] {thomcbell} msft 1:1
01[12:46] {@Threei} Short Setup: SLW  .50 break
01[12:46] {@Threei}  If holds  .60
[12:48] {thomcbell} 1:2 msft
01[12:49] {@Threei}  nice
[12:50] {thomcbell} sold half at 37.68 - using a 36.60 stop on balance
[12:51] {thomcbell} 37.6 rather
[12:54] {thomcbell} msft 1:3
[12:55] {fish_49} Tinker  great trade great trade management  your stop .65 now?
[12:55] {thomcbell} yes 0.64
[12:56] {Les} incredible that CAT went straight back to the HoD. possibly big ascending triangle forming if market pushes higher
[12:57] {Les} FB incredible
[12:57] {thomcbell} FB annoying
01[12:59] {@Threei}  incredibly annoying?
[12:59] {thomcbell} y
[12:59] {Les} Mr incredibly annoying
[12:59] {Les} I see a sequel for disney
[12:59] {thomcbell} i was looking long all day and didnt trust the setups
[13:00] {thomcbell} stop to 37.74 msft
[13:00] {thomcbell} and out
[13:01] {Les} VXX forming higher bottom potential here
[13:01] {Les} probably too late here
[13:16] {RonS} going to take off...have a good weekend all...see you Monday...son-in-law in town from Shanghai interviewing (for 3 days) for Sr Director of Strategic Planning for DaVita which is now based here...would be real nice to have my daughter and grandkids around...had a real nice week, thanks everyone...
[13:16] {fish_49} ron  Good luck with that  and have a great weekend
[13:18] {nemo} getting them out of the pollution in Shanghai wouldn't be bad either
[13:19] {Joebi_Wan} vxx two girls, one cup and handle?
[13:36] {thomcbell} yhoo vad
01[13:36] {@Threei}  can't tell which way
[13:37] {thomcbell} 35.97 long break
[13:37] {thomcbell} but figure is right above
[13:38] {nemo} look at overhead supply you have to break
[13:38] {thomcbell} after the spike it really hasnt given up much
01[13:40] {@Threei} Long Setup:  YHOO  36 break
01[13:41] {@Threei}  If holds  .90
[13:47] {thomcbell} yhoo 1:1 if using aggressive tinkerbell entry
01[13:48] {@Threei}  1:1
01[13:48] {@Threei}  we were eyeballing this one since forever thom :)
01[13:54] {@Threei}  1:2
[13:57] {thomcbell} perfect
01[13:58] {@Threei}  1:3
01[13:58] {@Threei}  nice, slow enough to enter and exit with no troubles, and not as slow as to test our patience too much
01[13:58] {@Threei}  my a$$ is out
01[13:58] {@Threei}  who else did it??
[13:58] {fish_49} great job
[13:59] {fish_49} I did not get in (Demo)   still creating hot keys  and when I went to get in had error message.  CC just cleared my error
01[13:59] {@Threei}  ty... look when we spotted it first:
01[13:59] {@Threei}  [12:10] {@Threei} Long Setup: YHOO 36 break
01[13:59] {@Threei}  [12:10] {thomcbell} yhoo 36 long break if holding 35.90
[14:03] {thomcbell} lvs 77.17 long break
[14:05] {thomcbell} nope
[14:17] {Joebi_Wan} X short .35 break?
01[14:18] {@Threei}  hmmm
01[14:18] {@Threei}  no
01[14:18] {@Threei}  came down 20 cents pretty fast
01[14:21] {@Threei}  now after some consolidation looks better
[14:23] {thomcbell} wmt looks vulnerable
[14:23] {thomcbell} cup and handle but looks failure prone
[15:02] {Joebi_Wan} msft holding up
01[15:03] {@Threei} Short Setup: GLD  .70 break
01[15:03] {@Threei}  If holds  .80
[15:03] {thomcbell} msft trades great
[15:03] {thomcbell} day high
01[15:16] {@Threei}  Invalidated
01[15:16] {@Threei}  for noqw
01[15:16] {@Threei}  for now
01[15:16] {@Threei}  still watching
[15:20] {Joebi_Wan} wow vxx nemo
[15:20] {nemo} yep
01[15:20] {@Threei}  .s c .70 break
[15:20] {nemo} little later than I expected
01[15:20] {@Threei} Short Setup: C  .70 break
01[15:20] {@Threei}  If holds  .80
[15:21] {nemo} spy coming into yesterday's lows then vwap around .10 then the whole
[15:22] {fish_49} Missed C  on the first call got it on the way back down
[15:23] {thomcbell} vxx
[15:23] {thomcbell} beautiful
[15:27] {fish_49} Les no work tonight?
01[15:36] {@Threei}  1:1
01[15:38] {@Threei}  can you believe what we squeezed out of this day that looked so hopelessly emoty in the morning?
[15:38] {fish_49} :)
[15:39] {thomcbell} have a good weekend everyone -
[15:39] {Joebi_Wan} nice job
01[15:39] {@Threei}  you too thom
[15:39] {Joebi_Wan} Thanks everyone
[15:39] {fish_49} and my hot key got me out Half on the C trade like a champ
01[15:39] {@Threei}  cool
[15:39] {fish_49} c y tinker  have great weekend
[15:39] {Joebi_Wan} thanks Vad, talk to ya soon
01[15:39] {@Threei}  :)
[15:41] {Joebi_Wan} give nemo a truckload of JD Honey for that vxx call
01[15:42] {@Threei}  I would but his liver says please don't
[15:42] {Joebi_Wan} lol
06[15:42] * nemo told his liver to shutup
01[15:43] {@Threei}  sorry, I probably shouldn't have talked to it behind your back
01[15:43] {@Threei}  but it begged and yelled
[15:43] {nemo} It'll be screaming tonight, Chinese New Year
01[15:44] {@Threei}  which you have what to do with?
01[15:44] {@Threei}  besides absolutely nothing I mean
[15:44] {fish_49} justification to drink
[15:44] {nemo} ?
01[15:44] {@Threei}  C baby
[15:45] {nemo} nah, gotta' go to ceremony
[15:45] {nemo} then eating and drinking
[15:45] {fish_49} I will be out in full @ .53
[15:46] {fish_49} good call Vad  my hot keyes worked
[15:46] {fish_49} Im a happy camper
01[15:46] {@Threei}  1:2
01[15:46] {@Threei}  :)
[15:47] {fish_49} have a great weekend  guys
[15:47] {fish_49} thanks Vad
01[15:47] {@Threei}  people should stop exiting before thweir good bye can be answered
01[15:50] {@Threei}  1:3
01[15:50] {@Threei}  out
01[15:50] {@Threei}  thank you guys, have a great weekend
01[15:50] {@Threei}  see you Monday