Thursday, February 20, 2014

Feb 20 2014

Classic Cup and handle setup, right from the pages of 111 Trades: http://www.realitytrader.com/111trades.html  



With a few more nice juicy trades, very nice day.

Session Time: Thu Feb 20 00:00:00 2014
[09:04] {dino} gm
[09:04] {fish_49} gm Dino
01[09:04] {@Threei}  dino, fish :)
[09:04] {fish_49} Vad
[09:05] {fish_49} nothing bad or good in the numbers
01[09:09] {@Threei}  Mt. Gox continues to crumble. Bitcoin has dropped from $950 to $150 in only 20 days on that exchange
[09:10] {fish_49} forgive my ignorance  to bitcoin value  but  can it have a different value on different exchanges?
01[09:11] {@Threei}  considering how its virtue is being decentralized, I wouldn't be surprized
02[09:17] * Disconnected
Session Close: Thu Feb 20 09:17:10 2014
09:33) Threei: Long Setup GDX .80 break
09:35) thomcbell: swks very strong
09:35) Threei: 1:1
09:36) fish_49: ty vad
09:36) Threei: yw
09:37) Threei: FB is insane
09:39) Threei: main room is back up
Session Start: Thu Feb 20 09:17:10 2014

[09:40] {darekj} gm all
01[09:40] {@Threei}  morning darer
[09:40] {fish_49} gm DJ
01[09:40] {@Threei}  you didn't get e-mail about reserve room?
[09:40] {darekj} no
[09:40] {fish_49} I didn't get it either until you replied to my message saying room was down
[09:41] {fish_49} Toad told me about it
01[09:41] {@Threei}  check your junk box
01[09:41] {@Threei}  and bookmark it for the future, http://www.realitytrader.com/tradingroom/reserve.html
[09:42] {fish_49} nothing in junk mail except porn   wonder why that is going  to junk box  damn  I need to fix that
01[09:43] {@Threei}  I didn't reply to your e-mail fish, that one that you got is the one that eas sent to everyone
[09:43] {fish_49} ahh ok
[09:43] {nemo} I'm gonna leave that one alone...say thank you Fish
[09:43] {fish_49} thank you fish
[09:44] {nemo} go preen your fins in the mirror
01[09:44] {@Threei}  FB should be ready very soon
01[09:46] {@Threei}  nah, moves faster than can type alert
[09:46] {fish_49} for continued break down?
01[09:47] {@Threei}  .50 break was bounce trigger
01[09:48] {@Threei}  MVIS Hearing recent strength attributed to circulation that Sony is to use the company's PicoP technology
[09:48] {fish_49} too fast for me  I will watch and learn
01[09:48] {@Threei} Short Setup: C  .20 break
01[09:48] {@Threei}  If holds  .30
01[09:53] {@Threei}  frikin GDX repeated setup
03[09:53] * Retrieving #discussions modes...
01[09:53] {@Threei}  1:1  C
01[09:55] {@Threei}  1:2
[09:56] {nemo} numbers
01[09:56] {@Threei}  scents
[09:56] {nemo} it's the fish
[09:57] {fish_49} dont blame me if you make money
01[09:57] {@Threei}  I thought we were just saying random words
[09:57] {nemo} I blame you for contributing to the Federal deficit
[09:57] {fish_49} naking money is random  to me
[09:57] {fish_49} making*
01[09:58] {@Threei}  you are in second winning trade today
[09:58] {fish_49} got out  +0.08
01[09:58] {@Threei}  why??
[09:58] {nemo} fear
[09:58] {fish_49} bad fill and fear  yes
01[09:59] {@Threei}  *(US) FEB PHILADELPHIA FED BUSINESS OUTLOOK: -6.3 V 10.0E
[09:59] {nemo} bad numbers I guess
[10:00] {fish_49} just a little
[10:00] {fish_49} lol
01[10:00] {@Threei}  *(US) Q4 MBA MORTGAGE DELINQUENCIES: 6.39% V 6.41% PRIOR; MBA MORTGAGE FORECLOSURES: 2.86% V 3.08% PRIOR
[10:00] {fish_49} thats good
01[10:00] {@Threei}  out in full
01[10:00] {@Threei}  1:3 is close enough
[10:01] {darekj} ty Vad
[10:02] {dino} yndx smr l .60
01[10:02] {@Threei}  yw
01[10:06] {@Threei} Long Setup:  JPM  .50 break
01[10:06] {@Threei}  If holds  .40
01[10:06] {@Threei}  change to .40 break
01[10:06] {@Threei}  If holds  .33
01[10:07] {@Threei}  no go
01[10:08] {@Threei}  Obama warns of consequences for Ukraine if violence continues
01[10:08] {@Threei}  Syria: oh yeah?
[10:08] {fish_49} what will he do?
[10:09] {fish_49} install a democrocy?
01[10:09] {@Threei}  issue another warning would be my guess
[10:10] {dino} out yndx .10, +.50
01[10:10] {@Threei}  wtg
[10:10] {fish_49} Dino  GJ  DCC
01[10:11] {@Threei}  somg C
[10:15] {RonS} comment yesterday..."the only one afraid of American power is Obama..."
[10:15] {fish_49} why somg  on C  Vad  it paid you well
01[10:15] {@Threei}  sorry... JPM
01[10:16] {@Threei}  rinse
[10:16] {fish_49} ok I learned  to love  C  so I never call it names
01[10:16] {@Threei}  lol
01[10:16] {@Threei}  now you need to stop worry
[10:21] {fish_49} wmt  s  break of .20?
[10:21] {fish_49} no good place for stop except .37
01[10:21] {@Threei}  yeah... not sure
[10:23] {dino} ccoi sm l .78
01[10:26] {@Threei} Short Setup: GLD  .75 break
[10:26] {dino} bjri sm l .60
[10:26] {fish_49} missed it
01[10:26] {@Threei}  that was fast
01[10:30] {@Threei} Long Setup:  IWM  .65 break
01[10:30] {@Threei}  If holds  .55
01[10:31] {@Threei}  1:1
[10:31] {thomcbell} lly 58 long break if holding 57.95
01[10:32] {@Threei}  too bad GLD didn't leave time to get in... 1:2
01[10:32] {@Threei}  1:2  IWM
01[10:33] {@Threei}  fish, tell me you kept this one for more than scalp
[10:33] {fish_49} I wished I could say that
01[10:33] {@Threei}  come on
[10:33] {fish_49} the truth is I was pouring a cup of coffee and missed it
[10:34] {thomcbell} lly no go
01[10:34] {@Threei}  man...
01[10:34] {@Threei}  I am about to cry
[10:34] {fish_49} me too
[10:34] {fish_49} ever see a fish cry?
01[10:34] {@Threei}  can you move that fucking coffeemaker closer to trading desk?
01[10:34] {@Threei}  it costs you too much
[10:34] {fish_49} well I usually have the wife bring it  but she was busy cleaning
[10:34] {fish_49} lol
[10:36] {fish_49} Trading Plan Mod  Insert "Bring Plenty of Java to Trade Room and Pee in Diaper if needed"
01[10:40] {@Threei}  let's try for 1:4 on IWM
[10:40] {dino} bjri stop -.14
[10:40] {fish_49} grrrr
01[10:40] {@Threei}  if SPY breaks .75, momentum should be enough to carry it
01[10:42] {@Threei}  1:3
[10:43] {nemo} just pee in your Depends fish
[10:43] {fish_49} again?
[10:44] {nemo} suck it up, sheesh
[10:48] {nemo} got quiet fast
[10:50] {dino} z gap fill
[10:50] {dino} smr l .00
[10:54] {fish_49} who wins the 11 am battle?
[10:54] {fish_49} Bulls are on top
01[10:54] {@Threei}  1:4
01[10:54] {@Threei}  over and out
[10:57] {thomcbell} nice vad
01[10:57] {@Threei}  ty
[10:59] {dino} gj
01[11:02] {@Threei}  visual: https://upload.facebook.com/RealityTrader/photos/a.237133656321317.63196.235739863127363/724237017610976/?type=1&stream_ref=10
[11:02] {thomcbell} fb might be a 66.60 long break
01[11:07] {@Threei}  better link https://www.facebook.com/RealityTrader/posts/724237370944274
[11:11] {thomcbell} fb invalid obviously
01[11:13] {@Threei} Short Setup: GDX  .20 break
01[11:13] {@Threei}  If holds  .30
[11:15] {dino} sm smr l .69
[11:20] {RonS} ois smack
[11:22] {dino} ois smr l .60
[11:23] {RonS} late post but sm l ois 97.10
[11:23] {fish_49} Vad  Step on GDX  I have a Dentist appointment and need to get ready  lol
01[11:23] {@Threei}  just a sec
06[11:23] * @Threei hits GDX over the head with 2x4
[11:24] {dino} ccoi stop -.30
06[11:24] * @Threei trips GDX and pushes it from the cliff
06[11:24] * @Threei hits GDX in solar plexus with nemo's forehead
[11:24] {fish_49} soft
[11:25] {fish_49} give it a real shove
06[11:25] * @Threei reinforces nemo's forehead with portland cement and repeats solar plexus kick
[11:26] {RonS} out ois 98.40 +1.30
01[11:26] {@Threei}  wtg
[11:26] {fish_49} wow  congrats
[11:26] {RonS} ty
[11:28] {dino} gj
[11:34] {RonS} ois re-load 96.10
[11:35] {dino} reload ois smr l .14
[11:38] {RonS} out ois 97.40 +1.30
[11:38] {dino} wtfg
[11:38] {RonS} ty
[11:38] {dino} still in
01[11:39] {@Threei}  stop to .26
01[11:39] {@Threei}  market lost momo
01[11:39] {@Threei}  out
[11:39] {fish_49} out
[11:47] {fish_49} headed  to Dentist
[11:47] {fish_49} cya tomorrow
01[11:47] {@Threei}  take care fish
[11:47] {nemo} fish has teeth?
01[11:47] {@Threei}  hello?
01[11:47] {@Threei}  heard of sharks?
[11:48] {nemo} thought he was from West Virginia
[11:48] {RonS} seen a 40 lb salmon?
01[11:49] {@Threei}  piranha?
[11:54] {dino} ty ron, out ois 98.14, +2.00
[11:56] {RonS} wtffg...
01[11:56] {@Threei}  beautiful
[11:57] {dino} :-)
[12:02] {dino} ois drop again
[12:07] {nemo} look at mjn's two day run
[12:08] {RonS} hos no bonanza
[12:09] {dino} ois smr l .25
01[12:26] {@Threei}  interesting SPY/IWM divergence
[12:35] {dino} cwei drop
[12:39] {thomcbell} ubnt 50.20 long break if holding 50.10
[12:39] {thomcbell} if it holds 50 i will do 1/2 lot
[12:40] {nemo} Op Ex
[12:43] {thomcbell} was that for me nemo op ex?
[12:46] {dino} they are destroying the smaller oil/gas/energy companies
01[12:52] {@Threei} Long Setup:  IWM  .10 break
01[12:52] {@Threei}  If holds  115
[13:06] {thomcbell} fb wow
01[13:13] {@Threei}  yeah
[13:27] {goinshort} do we still like IWM long?
01[13:28] {@Threei}  if holding 115, yeah
[13:28] {nemo} it'll probably break closer to 2
[13:29] {goinshort} thanks
[13:29] {nemo} it's holding a trend line
[13:35] {nemo} no Thom, just reminding
[13:39] {thomcbell} are you talking about vwap ?
[13:40] {nemo} no, you'll possibly get some funny action in stocks this afternoon and tomorrow depending on where max pain is in the options
01[13:42] {@Threei}  no go IWM
01[13:42] {@Threei}  looked very promising
01[13:45] {@Threei}  you guys better do all you can to win half-final against Canada... losing country has to keep Justin Bieber
[13:46] {RonS} US win means Artic summer...go Canada...
01[13:47] {@Threei}  I dunno Ron... Bibs might be worse
[14:01] {RonS} ...so that's the problem, eh?:  Living in the cold north may be harmful to your marital health: http://bloom.bg/1bn1U6t
01[14:03] {@Threei}  that's why I left Winnipeg and never looked back
01[14:05] {@Threei}  notice that ese is not exactly moving back to saskatchewan either
01[14:06] {@Threei}  although to be fair he has one more reason... no sane person can be expected to spell the name of that province
[14:06] {RonS} lol
01[14:07] {@Threei}  one of the first jokes I heard in Canada was about a British couple traveling through Canada by train
01[14:07] {@Threei}  during a stop wife asked a husband to find out the name of the place where they stopped
01[14:08] {@Threei}  he turned to a guy walking by and asked what the place was
01[14:08] {@Threei}  hearing answer "Saskatoon, Saskatchewan" wife said "hon, try to find someone speaking English?"
[14:08] {RonS} lol
[14:11] {dino} once again, banks are not participating on a 100 up day
01[14:12] {@Threei}  yeah, thinking of shorting C
01[14:13] {@Threei}  just want SPY to dhow reversal
[14:15] {nemo} that was your shakeout, should go now
[14:27] {thomcbell} nemo ubnt has risen in agony and i have made my 0.20 cents
[14:27] {nemo} God Bless ya
[14:27] {nemo} no shorts in the market, no energy
[14:28] {nemo} FB at the top of channel
01[14:33] {@Threei} Short Setup: C  48 break
01[14:33] {@Threei}  If holds  .10
[14:44] {thomcbell} OH UBNT
[15:00] {nemo} spy at breakout again
01[15:02] {@Threei}  language nuances: apparently in Ukrainian "truce" means switching from direct attacks with armored vehicles to snipers' fire from the roofs
[15:02] {fish_49} wow  Nice rally on bad numbers this morning
[15:06] {fish_49} My Neice just said she is angry at Russia
[15:06] {fish_49} no explanation
01[15:06] {@Threei} Short Setup: JPM  .55 break
[15:06] {fish_49} did  something happen while I was geting my tooth cleaned?
01[15:06] {@Threei}  If holds  .65
01[15:06] {@Threei}  not that I know
01[15:07] {@Threei}  but since we are airing random grievances, I hate scented candles
[15:08] {fish_49} no comment from Nemo on getting my tooth cleaned? as in  1  my only tooth?
01[15:08] {@Threei}  when you left, we had extensive disuccion of fish and teetch
01[15:08] {@Threei}  teeth
[15:08] {fish_49} lol
01[15:09] {@Threei}  sufica it to say, sharks, piranhas and 40lb salmon were mentioned
[15:09] {nemo} originally from West Virginia, huh Fish?
01[15:10] {@Threei}  I can't imagine Russia ceeding control over Ukraine to West... it's their soft belly
01[15:10] {@Threei}  ceding
[15:10] {fish_49} thats how I know the tooth brush was invented in west virginia
[15:10] {nemo} soft "under" belly
[15:10] {fish_49} if invented anywhere else they would have named it the teeth brush
01[15:10] {@Threei}  Putin takes it as national security concern
[15:11] {fish_49} Ohh Yo Nah  must have lost in the figue skating
[15:11] {fish_49} thats why neice is angry
[15:11] {dino} azpn spike
01[15:17] {@Threei}  Protesters blocked access to international airport preventing govt officials from leaving country
01[15:19] {@Threei} Long Setup:  FB  .40 break hl
01[15:19] {@Threei}  If holds  .30
[15:20] {fish_49} missed it
[15:20] {nemo} it's a boredom trade
[15:20] {fish_49} JPM slow  to drift down  lol
01[15:21] {@Threei}  .42 was easy fish
01[15:21] {@Threei}  you are doing something wrong
01[15:21] {@Threei}  1:1
01[15:21] {@Threei}  nemo, you are boredom trade
01[15:21] {@Threei}  and it gave second chance too
[15:22] {fish_49} .42?  if I hit buy on .42 I would have filled at .44 and thats half way to 1:1
01[15:22] {@Threei}  huh?
01[15:22] {@Threei}  you hit .42 limit buy when .40 is broken
01[15:23] {@Threei}  1:2
[15:23] {fish_49} yea  by the time I got there it was trading at .42 or .43
[15:23] {dino} azpn s .78
[15:24] {fish_49} limit buy with +.02  would have been a bad fill
01[15:24] {@Threei}  it wasn't particularly fast on breakout...
[15:24] {fish_49} Im in the JPM trade
[15:24] {nemo} pretty thick trader, fb would fill pretty close to trigger
01[15:26] {@Threei}  1:3  FB  out
[15:26] {dino} gj
01[15:26] {@Threei}  not bad for boredom trade
[15:26] {nemo} nope...probably go to R3
01[15:26] {@Threei}  and I hate scented candles
[15:27] {thomcbell} fb is a shocking display today
01[15:27] {@Threei}  1:4
[15:27] {fish_49} rub it in
01[15:27] {@Threei}  count on me
[15:27] {thomcbell} and to see where ddd is after that earnings miss
[15:27] {thomcbell} its a bull market until it isnt
[15:27] {darekj} ty Vad
[15:27] {fish_49} trend is your friend until the bend in then end?
01[15:28] {@Threei}  darek :)
[15:28] {nemo} There hasn't been a serious pullback since Nov. 2012
[15:28] {dino} btfd
[15:28] {fish_49} yes CC9
01[15:28] {@Threei}  there must be a spot for BOHICA in there somewhere, fish
[15:29] {fish_49} I'm gonna send you an email later after market  VAD  you will then know  why I have some fear  lol
[15:30] {dino} money lives on the other side of fear
01[15:30] {@Threei}  right...
01[15:30] {@Threei}  whatever the reason is, you havr to let the trades work
01[15:30] {@Threei}  if you grab 8 cents profit on 1:3er, what is going to compensate for 10 cents stop?
[15:31] {fish_49} agree
[15:46] {fish_49} stop still .65  on JPM?
01[15:46] {@Threei}  .61
[15:48] {fish_49} out
[15:50] {dino} axe spike
[15:52] {dino} axe crazy
01[16:00] {@Threei}  thank you, have a great evening
01[16:00] {@Threei}  see you tomorrow