Wednesday, February 12, 2014

Feb 12 2014

Can do no wrong day. Started with 1:3 GDX short, continued with win after win of various sizes and one scratch, and finishing with 1:3 FB short. Took one 7 cents stop on GLD as a sacrifice to trading gods so they wouldn't get angry with us.

There was a great educational discussion about trading goals and adjustment to the market changes in the room. Please make sure to read the log from 11:51 to 12:33.

Session Time: Wed Feb 12 00:00:00 2014
[08:26] {dino} gm
01[08:47] {@Threei}  morning dino
[08:50] {thomcbell} gm all
01[08:50] {@Threei}  thom :)
[09:09] {dino} -5 f at 6 am, getting 12-15 inches snow starting after midnight tonight. that should put us over 60" so far this year, average 48"
01[09:10] {@Threei}  sheesh
[09:10] {dino} yeah, plenty of winter left. we have been below average temps since 2nd week of november
01[09:11] {@Threei}  OK... I won't complain anymore about whole 4 days of near-freezing temp last week
[09:17] {RonS} gm...46 here today, 56 tomorrow, and the mountains are getting dumped on, perfect CO in a.m., golf in p.m.
01[09:17] {@Threei}  ron :)
[09:17] {_darekj} gm all
[09:18] {MikeL} Good morning,
[09:18] {MikeL} Ron, are you in Colorado?
01[09:18] {@Threei}  darek, mike :)
[09:22] {RonS} yes Mike
[09:23] {MikeL} Awesome Ron, me too.
01[09:24] {@Threei}  - (US) Fed Chair Yellen: was surprised that the Dec and Jan payrolls reports came in below expectations, but cannot jump to conclusions based on two reports which may have been influenced by factors such as the extreme weather. At its March meeting the Fed will have a broad range of new data to consider - Q&A; Would take a "notable change" in the outlook to change course on tapering.
01[09:27] {@Threei}  wehere do I apply for position of a fed watcher?
01[09:28] {@Threei}  GDX short on .60 breakout seems to be the opening trade
01[09:30] {@Threei} Short Setup: GDX  .60 break
01[09:30] {@Threei}  If holds  .70
[09:31] {thomcbell} kog trying to break out
01[09:32] {@Threei}  1:1
01[09:33] {@Threei}  1:2
[09:33] {munky} nice one out .43
01[09:33] {@Threei}  smell of the roasted goldbug in the morning...
01[09:34] {@Threei}  1:3
01[09:34] {@Threei}  out
01[09:34] {@Threei}  can I go home?
01[09:34] {@Threei} Long Setup:  FB  .90 break
01[09:35] {@Threei}  Invalidated
[09:35] {thomcbell} kog 11.57 long break if holding 11.50
[09:35] {goinshort} nice on GDX - thanks
01[09:35] {@Threei}  :)
[09:36] {munky} should we look for gdx bouncer
01[09:36] {@Threei} Long Setup:  FB  .85 break hl
01[09:36] {@Threei}  If holds  .75
[09:36] {dino} cyno sm l .50
[09:36] {dino} gappy
01[09:37] {@Threei}  1:1
01[09:37] {@Threei}  not yet GDX
01[09:37] {@Threei}  GLD, GDX and SLW are back to their SPY-fading role today
01[09:38] {@Threei}  until SAPY reverses or until they diverge, no long
[09:38] {goinshort} oc
02[09:40] * Disconnected
Session Close: Wed Feb 12 09:40:08 2014

Session Start: Wed Feb 12 09:40:08 2014
Session Ident: #discussions
02[09:41] * Attempting to rejoin channel #discussions
03[09:41] * Rejoined channel #discussions
01[09:41] {Threei}  what the
01[09:42] {Threei}  is it me or the room server went down?
[09:42] {munky} .
01[09:42] {Threei}  FB just a scalp
[09:42] {RonS} .
[09:44] {dino} cyno stop
[09:44] {thomcbell} len crazy
[09:44] {thomcbell} nasty pullback
[09:45] {dino} re-load .03 cyno
[09:45] {munky} nasty trader fb
[09:45] {RonS} cyno sm l .10
[09:45] {thomcbell} akam retarded how extended
01[09:47] {Threei} Long Setup:  JPM  .55 break
01[09:47] {Threei}  If holds  .45
[09:48] {RonS} aaww sm l .00
01[09:49] {Threei}  is it that cute, ron?
[09:50] {RonS} if a jumbo jet is cute then yes...
01[09:50] {Threei}  lol
[09:53] {munky} jpm always a slow trader?
01[09:53] {Threei}  no
01[09:54] {Threei}  this is not very JPMish
[09:54] {nemo} today is suffering from the speed of the bounce
[09:54] {munky} ok, not familiar with it
01[09:55] {Threei}  1:1
[09:56] {nemo} spy gap close
[09:56] {RonS} out cyno .70 +.60
[10:02] {thomcbell} akam actually has a very nice cup forming on 1 minute
01[10:03] {Threei} Long Setup:  GDX  .35 break
01[10:03] {Threei}  If holds  .30
01[10:04] {Threei}  .25 makes sense as a stop level too... not sure
01[10:04] {Threei}  personal preference
[10:06] {dino} gj ron
[10:06] {RonS} not really had 29.20 for target and chickened out...
[10:07] {nemo} akam setting up short here
01[10:09] {Threei}  now stop is .29 for sure
01[10:10] {Threei} Short Setup: C  .95 break
01[10:10] {Threei}  If holds  .05
01[10:11] {Threei}  1:1  GDX
[10:13] {RonS} took +.13 gdx thanks 3i
01[10:13] {Threei}  :)
[10:15] {dino} gnca spike
01[10:20] {Threei}  1:2  GDX
01[10:23] {Threei}  C is holding much better than I expected
01[10:24] {Threei}  let's tighten it to .01
01[10:26] {Threei}  (US) Fed's Bullard: Could use monetary policy in the future to head off possible asset price bubbles - comments to reporters- employment/population ratio and hours worked are the key metrics to determine health of the US labor market - Notes a recovering economy is a fertile place for bubbles to appear - would prefer ending reference to 6.5% unemployment threshold - Highlights that the "Audit the Fed" legislation constitutes political interfence
01[10:27] {Threei}  sigh
01[10:27] {Threei}  imbecile
[10:29] {RonS} wag big fade...
[10:30] {_darekj} out of GDX ty Vad
01[10:31] {Threei}  yw
01[10:31] {Threei}  IDC: In 2013 Android accounted for 79% of smartphone shipments, iOS accounted for 15%- Windows Phone accounted for 3% of smartphone shipments, BlackBerry accounted for 2%.
[10:32] {RonS} cald scald
[10:32] {thomcbell} akam 60.82 short break if holding 60.93
[10:34] {RonS} cald weird look at that volume bar and yet no blocks...
01[10:34] {Threei}  CALD Ticks lower on cautious financial blog commentary; alleging questionable accounting
[10:39] {RonS} Z want A position
[10:39] {RonS} wants
01[10:39] {Threei}  lol
[10:43] {nemo} fb has a seller
[10:43] {thomcbell} akam 1:1
[10:45] {nemo} vwap akam here
[10:46] {thomcbell} akam 1:2
01[10:46] {Threei}  wtg
[10:47] {dino} cald s 82
01[10:52] {Threei}  highly annoyed with C
01[10:52] {Threei}  scratching it
01[10:52] {Threei}  don't remember it being this tight
01[10:53] {Threei}  anyway, 4 wins and 1 scratch...
01[10:53] {Threei}  munly, can I have my banana and go home?
[10:53] {thomcbell} akam 60.66 stop
[10:55] {thomcbell} lvs looks like a long setup here vad
[10:55] {munky} munly???
[10:55] {thomcbell} a bit wide or too small for stop
[10:55] {munky} sure vaF
[10:56] {thomcbell} flat akam
01[10:56] {Threei}  munly = manly munky
[10:56] {thomcbell} no fear in these guys
01[10:57] {Threei}  spread is a not to my liking, thom...
[10:57] {thomcbell} right
[10:58] {thomcbell} once the big guys have accumulated enough of this kog they are going to gun it big time
[10:58] {thomcbell} not the right price for us here
[11:02] {thomcbell} for what its worth i am going to say kog - 11.56 long break if holding 11.50
01[11:09] {Threei} Long Setup:  CAT  96 break hl
01[11:09] {Threei}  If holds  .90
01[11:13] {Threei}  held by fingertips
[11:14] {munky} yea..still in
01[11:14] {Threei}  1:1
01[11:14] {Threei}  fat offer at .10
[11:14] {dino} ron, ty for idea, cov cald .70, +.12
[11:16] {RonS} np
[11:19] {RonS} data pulp
01[11:20] {Threei}  out on a trail
01[11:20] {Threei}  easy money has been made
[11:21] {thomcbell} how akam might have some worried holders
[11:22] {thomcbell} now
[11:22] {RonS} wow dino where were we on EEFT
[11:22] {dino} missed it
01[11:27] {Threei}  Equities Flat as Indices Reapproach All-Time Highs
[11:32] {munky} bounce time gdx vad?
[11:35] {thomcbell} kog 1:1
01[11:36] {Threei}  in retrospect... yes
01[11:36] {Threei}  not very useful, eh?
[11:37] {munky} no...i want a room refund
01[11:39] {Threei}  for the last 6 months?
[11:39] {RonS} you had to pay?
[11:39] {munky} preferrably yes
01[11:40] {Threei}  that's a whole lot of bananas...
01[11:40] {Threei} Long Setup:  GDX  .20 break
01[11:40] {Threei}  If holds  .15
01[11:40] {Threei}  scalp only most likely
[11:42] {munky} im finding this dime/scalpers mkt very annoyinmg
[11:42] {munky} if u dont take the dime, ghoes against ya
[11:42] {munky} mkts have no power
01[11:42] {Threei}  that's why you partial
[11:42] {munky} my few best trades since room are all shorts
01[11:43] {Threei}  and we had 1:3 and 1:2 today
[11:43] {munky} but if u partial a half lot, its 25 bux
[11:43] {munky} then rest out flat
01[11:44] {Threei}  why 25?
01[11:44] {Threei}  1000 is a standard lot
[11:44] {munky} half lot 500 shares
01[11:44] {Threei}  ah
01[11:45] {Threei}  how many tardes are hl
01[11:45] {Threei}  only the most volatile ones
[11:45] {munky} just observation, shortside has bmore momo
01[11:46] {Threei}  it's just because Jan was mostly bearish
[11:46] {munky} after our first fb call, which went 1"1
01[11:46] {Threei}  different in raging bull
[11:46] {munky} it tanked
01[11:46] {Threei}  and generally, market drops faster than it climbs
[11:46] {munky} 1:7
[11:46] {munky} thats why i prefer short
[11:47] {munky} name should be shortmunky
[11:47] {munky} or munkyshort
[11:47] {munky} downmunky
[11:47] {munky} munkydwn
[11:48] {nemo} I know a headmunky
[11:48] {munky} now gdx call was short 1:4
[11:48] {munky} very nice one
[11:50] {dino} csod smr l .18 hooker
[11:50] {munky} out gdx
[11:51] {munky} room question
[11:51] {munky} whats a reasonable daily target here?
[11:52] {munky} come on guys, what is your daily goal??
[11:52] {dino} depends on stock
[11:52] {dino} ohh, $600
[11:52] {munky} no it does not
[11:52] {munky} ah, yes
[11:53] {munky} everyone else in here has no daily goal???
[11:53] {nemo} what the setups allow
[11:53] {munky} no nemo
[11:54] {nemo} personally you focus on a goal, I start taking marginal stuff to get there
[11:54] {munky} when u log in, u must think i want to achieve something
[11:54] {munky} set-ups allow where u end up
[11:54] {nemo} Honestly, I try to focus on the process and do that right
01[11:55] {Threei}  I am with nemo on this one
[11:55] {nemo} It works for others, always gets me in trouble
[11:55] {nemo} You're having a slow day as far as setups
01[11:55] {Threei}  what do you do if you are behind your goal?
[11:55] {nemo} then you start getting antsy
01[11:55] {Threei}  exactly
01[11:55] {Threei}  start taking setups that are not there?
[11:55] {nemo} I start getting that antsy feeling, I start drinking and shut down the software
01[11:56] {Threei}  do things right, money will follow
[11:56] {goinshort} I agree with you - no set goal here
[11:56] {dino} munky, its more of an average thing, i have yearly goal, monthly goal, weekly, then ave for daily
[11:56] {nemo} Munky, I'm a bit on the weird side because of what I do outside of, process for me is the thing
01[11:56] {Threei}  start pushing for money, your trading becomes secondary
01[11:57] {Threei}  and that's when troubles come
[11:57] {thomcbell} yes yes
01[11:57] {Threei}  my favorite example:
[11:57] {nemo} Munkman, if it works for you, that's all that counts
[11:57] {dino} right nemo
01[11:57] {Threei}  you are on an operation table,
[11:57] {dino} thoudands of ways to do it, find your edge
[11:58] {munky} even in vads book he talks about a daily goal i think
[11:58] {thomcbell} akam still looking for short entries here
01[11:58] {Threei}  your surgeon thinks of how to perform the surgery best,
[11:58] {thomcbell} rally back up near 60.75
[11:58] {nemo} which book?
01[11:58] {Threei}  another thinks of how much he is going to be paid for the procedure.
01[11:58] {Threei}  Pick the one you want to perform on you
[11:58] {nemo} then what a dickhead his patient is
01[11:59] {Threei}  you can think of your goals when you are firmly set in your trading procedure
01[11:59] {Threei}  what setups you take, how you play them,
01[11:59] {Threei}  when your discipline becomes firmly ingrained,
01[12:00] {Threei}  becomes your second nature.
01[12:00] {Threei}  Then you can figure out your average and think of the ways to increase it,
01[12:00] {Threei}  add position size,
01[12:00] {Threei}  or tweak your procedure
01[12:00] {Threei}  with full realization that increase of profits means increase of risk.
[12:01] {nemo} Hey munkman, you ever do archery or target shooting?
[12:01] {munky} both
01[12:01] {Threei}  But start thinking of your goals and pushing for them before you master the process... you are a road kill
[12:01] {nemo} o.k., so when you start, you want to hit that bullseye, don't you?
[12:02] {nemo} want it in the 10 ring
[12:02] {nemo} your focus is on that target
[12:02] {nemo} so, you start trying to hit it
[12:03] {nemo} there's no consistency to your form perhaps
[12:03] {nemo} but, boy I want to hit that target
[12:03] {nemo} then maybe somebody starts teaching you structure
[12:03] {dino} cyno strange, big beat, revs +75% and it just sits there
[12:03] {nemo} you find out the stability of your stance is important (archery for instance) and how to build that
[12:04] {nemo} then how you draw
01[12:04] {Threei}  OK... it hurts me to admit it second time in one day... but nemo's right
[12:04] {nemo} then, if you're not using a compound bow, how to release, and consistent release using an English hold is much more complicated then one thinks
[12:05] {nemo} then of course there's the positioning of the bow at the time of release
[12:05] {nemo} sometimes you hit the bullseye, sometimes you don't
[12:06] {nemo} then one day you realize, that doing exactly the same process repeatedly makes it so you can hit the target consistently
[12:06] {nemo} What's really funny, when you get into the esoteric aspects of the art, is eventually, you actually feel the target
[12:07] {nemo} If you were to study Kyudo under a master, your first two years would be spent shooting at a blank wall
[12:07] {nemo} Why might that be?
01[12:07] {Threei}  master really hates that wall?
[12:07] {nemo} no
[12:08] {nemo} Any guesses?
[12:08] {dino} lol
[12:09] {nemo} They don't want you to be tempted by the target
[12:09] {nemo} It's all about developing the process and your relationship to the bow
[12:09] {dino} two years is longer than most of my relationships
[12:09] {nemo} does your wife know that?
[12:10] {dino} prior to her of course
[12:10] {RonS} lol
01[12:10] {Threei}  "of course?"
[12:11] {munky} well, thanx for xplaining, it makes sense
[12:12] {dino} anfi spike
[12:12] {nemo} it's kinda' esoteric, but the focus on the goal takes you out of the process
01[12:12] {Threei}  makes total sense to me
[12:12] {nemo} yeah, well, you consider me normal
01[12:13] {Threei}  which is very telling
[12:13] {nemo} damning more like it
01[12:15] {Threei}  munky... look what just happened
[12:16] {nemo} oh oh
01[12:16] {Threei}  JPM jumped 25 cents,
01[12:16] {Threei}  in much shorter time than it took it to slide
01[12:16] {Threei}  point is, things change
01[12:16] {Threei}  no pattern you notice is forever
[12:16] {nemo} just like women
01[12:17] {Threei}  thank god
[12:17] {nemo} yeah
[12:17] {munky} gotcha
[12:17] {munky} makes sense
01[12:17] {Threei}  this btw explains one phenomenon,
01[12:18] {Threei}  which anyone who traded with us long enough no doubt noticed:
01[12:18] {Threei}  we trade very consistently for a certain period of time,
01[12:18] {Threei}  hitting winning streaks lastign weeks or months, with many 100% days,
01[12:19] {Threei}  then something happens and we are having 2-3 days, or even a week of struggle
01[12:19] {Threei}  and then winning streak starts again.
01[12:19] {Threei}  What happens is:
[12:19] {nemo} vxx at pivot
01[12:19] {Threei}  we get certain marklet patterns right and start exploiting them,
01[12:19] {Threei}  and it lasts until something changes in the market,
01[12:20] {Threei}  but you rarely, if ever, can foresee the timing of the change and its exact nature,
01[12:20] {Threei}  so you simply do what you do until it stops working,
[12:20] {dino} agree
[12:20] {nemo} yeah, although Vad, you tend to consistently have an issue around standard junctures in the market
01[12:20] {Threei}  then you observe how exactly it works against you
01[12:21] {Threei}  and adjust your procedure
01[12:21] {Threei}  and winning streak starts again.
01[12:21] {Threei}  nemo... isn't it what I just said?
01[12:21] {Threei}  or you want to say that it can be foreseen, and adjustment can be taken in advance?
01[12:22] {Threei}  maybe some geniuses can.
01[12:22] {Threei}  my experience is, no
01[12:22] {Threei}  you let the market lead you
01[12:22] {Threei}  insteasd of trying to outsmart it
[12:23] {nemo} Well, Vad...I've been watching you for a are pretty consistent at the standard junctures, around Memorial Day, Labor Day, etc.  Standard market season junctures, then a coupla' more thrown in for good measure
01[12:23] {Threei}  so, can you foresee the exact nature of change?
[12:23] {nemo} Put it this way...I have a pretty good idea when we should keep the bananas away from you
01[12:24] {Threei}  how exactly should we change our procedure?
[12:24] {nemo} No, I wouldn't change it...I'm just saying you are consistent
01[12:24] {Threei}  ok... let's try and implement this then
01[12:24] {Threei}  necxt time you feel it's coming, alert us
[12:24] {thomcbell} selling another 1/4 here kog 11.70
[12:24] {nemo} o.k
[12:25] {nemo} just bananas
01[12:25] {Threei}  I will continue doing what I do, but those who want to follow your idea may cut position size in half,
01[12:25] {Threei}  or paper trade for a day or two
01[12:25] {Threei}  and we will test whether it helps with transition
01[12:25] {Threei}  If so, we will incorporate it in our approach
01[12:25] {Threei}  deal?
[12:26] {nemo} not really, actually I think it would be point is your consistency
01[12:26] {Threei}  yes but my point is,
[12:26] {nemo} I don't think we can make it better
01[12:26] {Threei}  if you can consistently predict when I am going to his a snag,
01[12:26] {Threei}  why not cut down our activity at that point?
01[12:26] {Threei}  his = hit
[12:27] {nemo} I would be concerned about trying to make the sword too sharp
[12:27] {munky} which shows here the pressure vad is under
[12:27] {munky} he puts it out there
[12:27] {nemo} He's very consistent
[12:28] {munky} only compliment im giving u this week
[12:28] {nemo} I'm just telling what I've seen...I don't mess with his system
01[12:28] {Threei}  habing logs published for so many years, I doesn't feel like pressure anymore... it used to
01[12:29] {Threei}  kind of git used to it I guess :)
[12:29] {nemo} Now, I'll mention if I think I'm seeing that period, just as I would say to myself or have to Dino or others it might be time to ease up for a bit...but that's it
01[12:30] {Threei}  right
01[12:30] {Threei}  anyway, we wull test it
[12:30] {nemo} I watched Vad have no losing days through a two month stretch in the Fall of 2008 when the market was falling apart
01[12:30] {Threei}  no immediate change until and unless it proves itself two-three times
01[12:30] {Threei}  oh, Iove panicking markets...
01[12:31] {Threei}  munky would, too
[12:31] {nemo} Then I think you had one down day, and then another streak into the beginning of 2009
[12:31] {dino} fwiw nemo, you call turns pretty well in advance
01[12:31] {Threei}  moves are large and fast
[12:31] {nemo} Funny as hell
[12:31] {nemo} One Day Vad is otherworldly in his calls
[12:31] {nemo} Calls a trade
[12:31] {dino} everybody has an edge
[12:31] {nemo} I dcc him, "WTF setup was that?"
[12:32] {nemo} he says, "I don't know, it just felt up."
[12:32] {nemo} which frankly brings us back to that conversation about process
[12:32] {nemo} That last call was pure art...that's where focus on the process brings you
[12:33] {nemo} That's the real goal
[12:33] {nemo} The ART of Trading
06[12:34] * nemo "now...where's my paint-by-numbers trading kit"
[12:39] {dino} out csod .78, +.60
01[12:39] {Threei} Long Setup:  MCD  .95 break
[12:39] {RonS} gj
01[12:39] {Threei}  If holds  .95
[12:39] {dino} ty
[12:40] {munky} u  need to puiblish a book nemo
[12:40] {munky} are u capt nemo or finding nemo?lol
[12:41] {nemo} Well, I ghost write books now
[12:41] {munky} anyway, i do like fast mkts, its my thing
[12:41] {nemo} neither...have you read the Illead
[12:41] {nemo} I understand the instant gratification of the elevator down short
[12:41] {munky} saw the movie w/brad pitt
01[12:42] {Threei}  munky, he is just trying to stay away from Grumpy Cat:
[12:42] {nemo} what movie?  A river runs through it
[12:42] {dino} md spike
[12:42] {munky} troy
[12:42] {nemo} oh, Oddyseus was there, but it comes from when he was trapped in the Cave with the Cyclops
[12:43] {munky} i know the story, yes
[12:43] {dino} sm s .50
[12:43] {dino} md
[12:43] {nemo} What did Oddyseus say when the Cyclops asked the name of the one who blinded me?
[12:43] {munky} oh crap, i'm f'ed now?
01[12:44] {Threei}  "nemo"
[12:44] {dino} munk, thats the key, find what works for you (edge) and exploit it
[12:44] {nemo} and that means what in Greek?
[12:44] {dino} md stop .80 -.30
01[12:44] {Threei}  no one
01[12:44] {Threei}  nobody
[12:44] {nemo} privyet
01[12:45] {Threei}  Legends and Myth of Ancient Greece was a required reading in USSR :)
[12:46] {munky} really?
[12:46] {nemo} I loved all types of mythology as a kid
01[12:46] {Threei}  for anyone who considred himself well read, yeah
[12:46] {nemo} what "really"?
01[12:46] {Threei}  I knew that book by heart by the age of 8
[12:46] {thomcbell} kog using 11.68 stop on a 1/4
[12:46] {nemo} you read it in the original Klingon of course
[12:46] {dino} md rinsed
[12:47] {munky} olympics last nite said all russians worsdhip ballet and dream of being in a performance
[12:47] {munky} i can picture vad in tights
[12:48] {nemo} shit, wasn't paying attention missed the vxx break
[12:48] {nemo} well, I dream of being with a ballerina
[12:48] {thomcbell} i was thinking of you Vad when they said that
01[12:48] {Threei}  not all that it's cracked up top be, nemo
[12:48] {nemo} thinking of you while watching ballet...pretty scary
01[12:48] {Threei}  lol
[12:49] {nemo} I understand Vad, the flexibility is intriguing
01[12:49] {Threei}  ummm
01[12:49] {Threei}  I'd say, disadvantages outweigh
[12:49] {RonS} was thinking of 3i here when looked at paer today the had big piture of bacon wrapped asparagas
01[12:49] {Threei}  that was true for girls... they didn't say that?
[12:49] {RonS} paper
01[12:50] {Threei}  that's more like it, Ron... only I'd throw asparagus away
[12:50] {nemo} I like asparagus
01[12:50] {Threei}  me too, on someone's plate
01[12:50] {Threei}  on mine, bacon is good enough
01[12:51] {Threei}  these days, figure skaters are more of idols than ballet dancers in Russia
[12:52] {munky} not according to matt lauer
[12:52] {nemo} btw...on the subject of mythology, kinda'...there is a History Channel Show called "Ancient Aliens"  They do a pretty good job of looking  at the various societal mythologies in history through the lens of the Ancient Alien theory...also raise some interesting questions around historical events and structures...worth watching for the mental gymnastics
01[12:52] {Threei}  mostly thanks ti a very popular TV program that goes for a few years where former figure skating cnampions perform with non-pros
[12:52] {dino} i've watched some of those nemo
01[12:52] {Threei}  teaching them from scratch
[12:53] {RonS} 3i needs this:
01[12:53] {Threei}  lol
01[12:54] {Threei}  this is the book, still in print:
01[12:55] {Threei}  1:1  MCD  close enough
01[12:55] {Threei}  partial or take scalp
[12:55] {thomcbell} wow feye moment of truth here
01[12:55] {Threei}  time of the day is difficult to read
[12:56] {RonS} lnkd becoming unhinged
[12:57] {thomcbell} that one never lied yesterday
[12:57] {thomcbell} good opporuntity to short it at the open today
[13:00] {dino} back in 20 or so
[13:06] {RonS} pcyc news?
[13:07] {RonS} FDA Approves Imbruvica to Treat Chronic Lymphocytic Leukemia
01[13:07] {Threei}  Pharmacyclics Inc FDA approves Imbruvica to treat chronic lymphocytic leukemia
01[13:08] {Threei}  not a new drug
01[13:08] {Threei}  just widened use
[13:09] {nemo} spy not liking vwap
[13:18] {thomcbell} fb setting up here
[13:19] {nemo} could have cup and handles on finnies spy and iwm
01[13:19] {Threei}  65 break?
[13:19] {thomcbell} y
[13:20] {thomcbell} doesn't have other internet stock stupport
[13:27] {thomcbell} LAMR 51.06 LONG BREAK IF HOLDING 50.96
[13:30] {thomcbell} only doing half lot on lamr
[13:30] {thomcbell} too thin
[13:34] {thomcbell} out lamr
[13:34] {thomcbell} waste of time
[13:34] {nemo} bad time of day for a thin stock
[13:34] {RonS} ya, traded it once and has same experience...
[13:35] {RonS} had
[13:37] {thomcbell} akam there was a trade there
[13:37] {thomcbell} couldnt get back over vwap
[13:37] {thomcbell} now seems like profit taking by a larger platyer in the name
[13:47] {nemo} wish I had seen that, classic vwap play
[13:47] {nemo} look at the daily, had to come soon
[13:47] {thomcbell} yy
[13:47] {thomcbell} thats what i was trying to alert you spikers to this am
[13:48] {nemo} it's top coincided with spy and IWM and finnies probably Qs too
[13:48] {nemo} mmmhhh Qs heading for their highs again
01[13:52] {Threei} Short Setup: MCD  .97 break
01[13:52] {Threei}  If holds  .05
[13:53] {thomcbell} out last quarter of kog 11.73
01[13:54] {Threei}  wtg
[13:54] {thomcbell} tu
[13:55] {thomcbell} this is one for us to watch on downdays - buying is very steady in it today
[13:55] {thomcbell} kog
[13:57] {RonS} altr spike
01[14:00] {Threei}  US) JAN MONTHLY BUDGET STATEMENT: -$10.4B V -$10.0BE- Receipts: $295.9B v $272.2B y/y- Outlays: $306.42B v $269.3B y/y
01[14:00] {Threei}  lol
01[14:02] {Threei}  they manage to get in receipts 20B more, and immediately increase spending by 30
01[14:03] {Threei}  black... missed almost 100% morning
01[14:03] {Threei}  just one breakeven trade, the rest are winners
[14:03] {_black} sounds good!
[14:03] {thomcbell} oh nemo - akam was a good one -
[14:04] {_black} i usually can't come, i'm just a part time trader ;-)
01[14:04] {Threei}  I see... morning is the most productive time
[14:04] {_black} I bet so
[14:05] {_black} post-lunch is...
01[14:05] {Threei}  Samsung Electronics Reportedly wins smartphone supply deal with US Army, said to be nearing deal with NSA as well - press- Note that Blackberry formerly dominated the government smartphone space.
01[14:05] {Threei}  another punch to BBRY
01[14:07] {Threei}  heh
01[14:07] {Threei}  Ex-New Orleans Mayor Ray Nagin found guilty of corruption, taking bribes while in office
01[14:07] {Threei}  all that self-righteousness after Katrina...
01[14:10] {Threei} Short Setup: FB  .70 break
01[14:10] {Threei}  If holds  .80
[14:11] {thomcbell} builers catching a bit of a bid
01[14:12] {Threei}  1:1
01[14:13] {Threei}  1:2
01[14:13] {Threei}  munky... no complaints about how fast this one worked? :)
[14:13] {_black} nice FB!
01[14:13] {Threei}  :)
06[14:13] * Threei slaps munky around a bit with a large frozen pineapple
[14:14] {munky} in / out
[14:14] {munky} 1/3 left
01[14:14] {Threei}  also, black... we had a big and interesting educational discussion today
01[14:14] {Threei}  make sure to read the log
[14:15] {_black} about?
[14:15] {_black} i'll read tonite
[14:15] {munky} bananas
01[14:15] {Threei}  goals in trading...
01[14:15] {Threei}  how you set them
[14:15] {_black} sounds interesting
01[14:15] {Threei}  and pursue them
01[14:15] {Threei}  I'll post times for the discussion in blue blurb
[14:15] {_black} very appropiate for me
[14:15] {munky} and massage them
01[14:15] {Threei}  so it's easy to find
01[14:15] {Threei}  and trout them
01[14:16] {Threei}  with pineapple
01[14:16] {Threei}  previously frozen
[14:16] {munky} and frozen bananas
[14:16] {munky} partial to thoise
[14:17] {RonS} ebay .90 break? after consolidation here and holds .80?
[14:17] {thomcbell} good one Vad on fb
[14:17] {_black} you like bananas munky?
01[14:17] {Threei}  EBAY, chart's right... time of the day, I am not so sure
[14:17] {munky} oh yea
[14:18] {_black} lol
01[14:18] {Threei}  bananas for him is double ise...
01[14:18] {Threei}  he gets nutrition from banana itself, and throws peels at me
[14:18] {_black} lol
01[14:18] {Threei}  food AND moral satsifaction, 2 in 1
01[14:20] {Threei}  1:3
[14:21] {_darekj} thanks Vad
01[14:22] {Threei}  yw
01[14:22] {Threei}  my a$$ is out
[14:23] {munky} out
[14:23] {munky} nice
[14:31] {thomcbell} omg its a bear market
[14:31] {thomcbell} hehe
01[14:34] {Threei}
[14:40] {thomcbell} feye getting some footing
[14:45] {dino} cyno open gap fill
[14:50] {nemo} it's dropped a bit already, but UNH interesting here
01[14:50] {Threei}  FB is dumped again
01[14:51] {Threei}  (US) Fed's Bullard (dove, FOMC non-voter in 2014): Changing pace of the taper would have large repurcussions, Fed is cautious about changing the speed
[14:52] {thomcbell} i think they want the spx 500 to stay between 1800 and 1850 for a couple of years
[14:55] {dino} cyno l .47
[15:02] {dino} snmx spike
[15:08] {dino} smnx s .30
01[15:11] {Threei} Short Setup: GLD  .50 break
01[15:11] {Threei}  If holds  .55
[15:14] {dino} snmx stop .41 -.11
[15:17] {thomcbell} FEYE 69.70 LONG BREAK 1/4 lot
[15:22] {munky} vad, read on twtr? thinkin sh
[15:22] {nemo} if it stays under .65ish
01[15:22] {Threei}  .40 break... probably
[15:23] {munky} not very inspiring lol
01[15:23] {Threei}  meh GLD
[15:25] {nemo}
[15:29] {dino} wow snmx
[15:31] {nemo} cute games in spy...this most recent bottom is basically the Weekly R1, you take it long they wick it down a couple of times to see if they can shake you, probably going to vwap
[15:34] {dino} rcpt spike
01[15:40] {Threei}  sheesh GLD
01[15:40] {Threei}  (US) Senate Banking Committee Hearing with Fed Chair Yellen scheduled for Thursday, Feb 13th has been postponed due to winter storm
01[15:40] {Threei}  somg
[15:41] {nemo} twtr finally let go
[15:41] {RonS} she can mail it in: Dear Committee...ditto...
[15:41] {nemo} of course, it went back and tested the .60 area
[15:43] {thomcbell} put of feye experiment flat
[15:43] {thomcbell} out of
[15:44] {nemo} what a jerk-around-job on spy to get back to vwap
01[15:53] {Threei}  OK guys, thank you all
01[15:53] {Threei}  have a great evening
01[15:53] {Threei}  see you tomorrow
[15:53] {munky} nite
[15:53] {_darekj} see you