Tuesday, February 25, 2014

Feb 25 2014

Quite decent day again with many trades working nicely. One of the trades invoked serious scalpers regret though - we took 1:2 on it, and it continued to 1:Icantcountthatfar. Look at intraday chart P, you'll see what I mean. 


Session Time: Tue Feb 25 00:00:00 2014
[08:46] {dino} gm
[08:46] {fish_49} gm 
01[08:47] {@Threei}  dino, fish :)
[08:47] {fish_49} Vad
[09:00] {goinshort} gm all
01[09:00] {@Threei}  gs :)
[09:00] {fish_49} gm GS
[09:13] {munky} morning
[09:14] {thomcbell} gm
01[09:14] {@Threei}  munky, thom :)
[09:20] {nemo} any Bill Murray fans?  great interview:  http://goo.gl/ePz8gE
[09:20] {darekj} gm all
01[09:20] {@Threei}  darek :)
[09:22] {RonS} gm  wow itmn
01[09:22] {@Threei}  ron :)
[09:23] {munky} whats up w/itmn?
01[09:23] {@Threei}  InterMune, Inc. Reports Phase 3 ASCEND Trial Results of Pirfenidone in Idiopathic Pulmonary Fibrosis (IPF)- ITMN announced that top-line data from ASCEND, a Phase 3 trial evaluating pirfenidone in patients with idiopathic pulmonary fibrosis (IPF), demonstrated that pirfenidone significantly reduced IPF disease progression as measured by change in percent predicted forced vital capacity (FVC) from Baseline to Week 52 (rank ANCOVA p{0.000001).
[09:24] {RonS} lung drug shows results...
[09:24] {munky} wow ty
[09:24] {nemo} biotechs
01[09:27] {@Threei}  many trading accounts will be closed by the end of today in attempts to trader ITMN
[09:27] {dino} zu crazy
01[09:27] {@Threei}  that's widowmaker
01[09:27] {@Threei}  ZU too
01[09:28] {@Threei}  although more manageable
[09:28] {dino} its only a 32% vs 16% result, not like irs even 50%
[09:28] {mojo1} gd morning
01[09:28] {@Threei}  mojo :)
01[09:32] {@Threei} Short Setup: C  49 break
01[09:32] {@Threei}  If holds  .10 
[09:34] {thomcbell} mu 0.75 short break
01[09:34] {@Threei}  trail stop to .06
[09:35] {thomcbell} 1:1
01[09:35] {@Threei}  1:1  
[09:35] {natan} good one!
[09:35] {fish_49} early morning mistake
01[09:36] {@Threei} Long Setup:  EBAY  .80 break hl
[09:36] {fish_49} can I have my shares back
01[09:36] {@Threei}  If holds  .70 
[09:36] {munky} ebay
[09:36] {thomcbell} mu 1:2 
[09:36] {thomcbell} took the trade 
[09:37] {natan} slip from my hands :-(
[09:37] {dino} itmn vsm s .33
01[09:37] {@Threei}  1:2  C 
01[09:37] {@Threei}  1:1  EBAY 
[09:38] {fish_49} forgot to change qty and sold my entire position at 1:1  waaaa  can I have a do over?  lol
01[09:38] {@Threei}  1:1  C,  over and out
[09:38] {fish_49} on C
[09:38] {thomcbell} mu 1:4 rats
01[09:38] {@Threei}  1:3  C,  over and out
01[09:38] {@Threei}  good one thom
[09:38] {dino} bstop to b/e
[09:38] {munky} nice vad
[09:38] {darekj} ty, Vad
01[09:38] {@Threei}  :)
[09:39] {munky} fb
[09:40] {munky} dives
01[09:40] {@Threei}  EBAY balance closed on a trail
[09:41] {dino} to 33.21
[09:43] {dino} cov itmn 33.21, +1.12
[09:43] {fish_49} nice
01[09:43] {@Threei} Long Setup:  JPM  .50 break
[09:43] {dino} ty
01[09:43] {@Threei}  If holds  .40 
01[09:43] {@Threei}  wtg dino
01[09:47] {@Threei}  no go
01[09:50] {@Threei} Long Setup:  IWM  .50 break
01[09:50] {@Threei}  If holds  .44 
01[09:53] {@Threei}  a lot of hesitation in the market
[09:53] {thomcbell} not in vxx
01[09:54] {@Threei}  meh
[09:55] {munky} not as easy as yesterday
[09:55] {nemo} spy gap coming
[09:55] {nemo} finnies at 50 day
[09:58] {munky} vad, fb bounce candidate
01[09:59] {@Threei} Long Setup:  WMT  .25 break
01[10:00] {@Threei}  If holds  .17 
[10:00] {dino} anfi l ave .90
[10:04] {nemo} wow...algo completely red
[10:04] {dino} out rax mar calls, +35/21%
[10:04] {dino} .35
01[10:05] {@Threei} Long Setup:  FB  .90 break hl
01[10:05] {@Threei}  If holds  .80 
01[10:06] {@Threei}  Invalidated  
[10:07] {dino} caci spike
01[10:07] {@Threei}  1:1  WMT 
[10:18] {dino} sina sm l .22
[10:26] {dino} stop anfi ave .65--.15
[10:33] {dino} sina stop
[10:37] {fish_49} more friggin snow
[10:37] {fish_49} just what I need
01[10:37] {@Threei} Short Setup: EBAY  .65 break
01[10:37] {@Threei}  If holds  .75 
01[10:40] {@Threei}  Invalidated  
[10:43] {dino} sina sm l .00
[10:47] {dino} anfi l .04
01[10:50] {@Threei} Short Setup: CAT  .90 break
01[10:50] {@Threei}  If holds  96 
[10:50] {dino} ecom spike
[10:51] {thomcbell} vlo 51.40 long break if holding 51.30
[10:51] {dino} ecom sm s .10
01[10:51] {@Threei}  Invalidated  
[10:53] {thomcbell} vlo 1:1 
01[11:00] {@Threei} Long Setup:  IWM  .80 break
01[11:00] {@Threei}  If holds  .70 
[11:01] {thomcbell} vlo stopped on balance
01[11:04] {@Threei}  Invalidated  
01[11:05] {@Threei}  4 setup in a row
01[11:05] {@Threei}  setups
[11:05] {fish_49} thoughts on JPM?
01[11:05] {@Threei}  .65 break was a long setup, just invalidated, lol
01[11:06] {@Threei}  and... thoughts?
01[11:06] {@Threei}  me?
01[11:06] {@Threei}  I think twice before thinking
[11:06] {natan} lol
01[11:09] {@Threei}  a few minuutes withing the range may reestablish both, JPM and IWM
01[11:09] {@Threei}  need SPY help too
[11:09] {dino} thoughts, odd day
[11:10] {RonS} ya, 35th...
[11:10] {RonS} 25th
01[11:11] {@Threei}  ummm
01[11:11] {@Threei}  IWM 1:1, I didn't take this one personally
01[11:11] {@Threei}  1:2... if anyone did, feel free to be out here
[11:13] {dino} tree spike
[11:15] {RonS} gtls 82.10 ave hooker, gappy
01[11:16] {@Threei}  1:3... The One That Got Away
[11:23] {dino} cov ecom flat
01[11:23] {@Threei} Short Setup: FB  .10 break hl
01[11:23] {@Threei}  If holds  .20 
[11:24] {fish_49} missed it
01[11:25] {@Threei}  stop .16
01[11:25] {@Threei}  1:1  
01[11:25] {@Threei}  it danced long enough at .09 - .08, fish... left to pour coffee or what?
[11:26] {fish_49} no  typ[ing negative email to the company managing my IRA
[11:26] {fish_49} I honestly think I can monage the money better than they are doing
[11:29] {dino} they might spell better though
[11:29] {dino} :)
[11:29] {thomcbell} mpel 43.63 long break 
[11:29] {fish_49} Dino is the cousin of Nemo?
[11:29] {RonS} nicer twin...
01[11:30] {@Threei}  remember the serpent that ruined it for the humanity?
01[11:30] {@Threei}  nemo is his evil twin
[11:31] {RonS} lol
01[11:31] {@Threei}  don't thank me nemo, even though I just improved your mood for the rest of the week...
[11:32] {fish_49} anything would be an improvemnet
[11:32] {thomcbell} mpel no go 
[11:32] {fish_49} I spelled that way just for you dino
[11:36] {RonS} way to go fish...
[11:36] {RonS} ...hurt his feelings...
01[11:36] {@Threei}  lol
[11:37] {fish_49} He is not ese  he has no feelings
[11:37] {RonS} lol
01[11:46] {@Threei} Short Setup: JPM  .60 break
01[11:46] {@Threei}  If holds  .65 
01[11:48] {@Threei}  btw, speaking of dinos... how do we know fish is not an ichthyosaur?
[11:48] {fish_49} I'm old but not that old
01[11:49] {@Threei}  but deadly... http://www.ucmp.berkeley.edu/people/motani/image/steno.jpg
01[11:52] {@Threei}  half out
01[11:52] {@Threei}  lunch time, expectations are diminished
01[11:53] {@Threei}  if you feel like taking scalp, can't blame you
01[11:54] {@Threei}  well, I can... but I won't
[11:54] {fish_49} out here at .51
[11:54] {fish_49} ty
01[11:55] {@Threei}  :)
01[11:55] {@Threei}  1:1  
[11:55] {goinshort} out at .52
[11:57] {fish_49} that was good lunch money Vad
[11:57] {fish_49} filled at .59 and .51
[11:57] {goinshort} thanks V !
01[11:57] {@Threei}  :)
01[11:57] {@Threei}  out in full here too
01[12:07] {@Threei} Short Setup: FB  .70 break hl
01[12:07] {@Threei}  If holds  .80 
01[12:09] {@Threei}  Obama tells Afghan President Karzai the US is making plans for no troops after 2014, but could change if strategic deal signed
01[12:09] {@Threei}  eeck
[12:17] {fish_49} did the Karzi reply with "The americans are making plans for no Obama after 2014"?
[12:17] {fish_49} but could change if he was to approve the pipeline and start acting like a rebublican?
01[12:18] {@Threei}  lol
01[12:19] {@Threei}  ok FB... roll over and die
01[12:20] {@Threei}  and don't be a scalp... you have to pay for all this nervous jerking
01[12:23] {@Threei}  stop to .76
01[12:23] {@Threei}  looks really breakdownish
01[12:24] {@Threei}  and crashish
01[12:24] {@Threei}  little SPY help please
[12:24] {fish_49} 007?
01[12:24] {@Threei}  lol
01[12:25] {@Threei}  1:1  
01[12:25] {@Threei}  crrrrrrash!
[12:25] {fish_49} out here  ty
01[12:25] {@Threei}  yw
01[12:26] {@Threei}  half here for re-crash
01[12:26] {@Threei}  it's just has to
[12:26] {fish_49} my fiulls were too good to be true...  .69 and .59
[12:26] {fish_49} fills that is  (For Dino)
01[12:27] {@Threei}  normal fills... you'd have those always if wouldn't experiment with all those auto gimmivks
01[12:27] {@Threei}  1:2  
01[12:27] {@Threei}  gimmicks that is
[12:27] {thomcbell} nemo akam a good candidate for shorting rallies to vwap in my opinoin
[12:28] {fish_49} gimmicks?  hot keys  are just loading a limit order and sending the order all by the push of a button  lol  However,  I'm now laying it out and sending and just waiting to get filled
[12:29] {dino} lol
01[12:29] {@Threei}  gimmick part is its self-determining of the price
[12:29] {fish_49} Circus  a better term?  lol
01[12:29] {@Threei}  can you put a limit in and use hot key just to send it? I am all for it
01[12:30] {@Threei}  but when it's a "+.02 from current price," and current price changes in fractions of second...
01[12:30] {@Threei}  you saw what kind of fills it gave you
[12:30] {fish_49} the hot key can be used  to load your limit at the current bid  then pause for you to change price  and then you hit enter to send
[12:30] {nemo} sorry busy with issues guys
01[12:31] {@Threei}  that's fine nemo, we can insult you without fear of retribution meanwhile
[12:31] {fish_49} or you can just use it to load the limit order at the current bid and accept fill + or _ 01 or 0.02 cents above or below the ask
[12:32] {fish_49} yes  totally agree  laying it out  ahead of time  is better when there is time
[12:32] {fish_49} hot key to get out fast if needed
[12:34] {thomcbell} scty 79.50 long break 
[12:34] {fish_49} thom  what do you have  vor vwap on AKAM
[12:34] {thomcbell} if holding 79.4
[12:34] {thomcbell} 1:2
[12:34] {thomcbell} 1:4
01[12:35] {@Threei}  nice
[12:36] {thomcbell} the tony stark complex is alive and well 
[12:38] {dino} rvbd s .77
[12:41] {thomcbell} wow 
[12:41] {thomcbell} scty 
[12:53] {thomcbell} scty 1:13
[12:53] {thomcbell} hehe
01[12:53] {@Threei}  lol
[12:56] {thomcbell} thing is breaking out of a cup and handle pattern (not textbook but thats what it is
[13:01] {dino} gj
[13:01] {thomcbell} do i get extra credit vad
01[13:01] {@Threei}  two
[13:04] {dino} crzo
01[13:05] {@Threei}  Ukraine situation is fairly described by the old joke:
01[13:06] {@Threei}  - Are you looking for a new cashier?
01[13:06] {@Threei}  - Yes... and old too
01[13:06] {@Threei}  they still can't locate the president
01[13:12] {@Threei}  just found out CNN cancels Pierce Morgan
[13:13] {nemo} a little late to the party there Vad
01[13:13] {@Threei}  had their fill of insufferable smugness, did thay
[13:13] {RonS} eqkxactly
[13:16] {mojo1} u ever see the ted nugent interview w/him?
[13:17] {mojo1} ted crushed him
[13:17] {dino} rvbd stop .92 -.15
01[13:17] {@Threei}  no... missed it
[13:17] {nemo} you always got the feeling Piers needed to have his diapers changed
01[13:17] {@Threei}  but knowing ted, I have little doubt
[13:17] {mojo1} was about gun control
01[13:17] {@Threei}  ah yes... Pierce's crusade
[13:18] {mojo1} ted pointed out us constitution was deigned against his country
[13:18] {mojo1} designed
[13:18] {mojo1} his country britian
01[13:19] {@Threei} Long Setup:  P  .35 break
01[13:20] {@Threei}  If holds  .28 
[13:25] {mojo1} in
[13:30] {fish_49} was on the phone  if it comes back to pick me up still valid?
[13:30] {fish_49} on P
01[13:30] {@Threei}  sure
01[13:30] {@Threei}  stop is negligible
01[13:31] {@Threei}  potential is not all that great but can work for a decent scalp, and if SPY goes for day high, maybe more
01[13:36] {@Threei}  1:1  
[13:41] {dino} wmgi l .25
[13:42] {dino} out wmgi .49, +.24
01[13:42] {@Threei}  .50 break can catapult P
01[13:42] {@Threei}  looong C&H
[13:44] {dino} anfi l .52
01[13:46] {@Threei}  1:2  P  close enough
01[13:46] {@Threei}  1/4 more out
01[13:48] {@Threei}  closed on a trail
[13:48] {fish_49} gj
01[13:48] {@Threei}  not too shabby for a lunch play
[13:48] {fish_49} it never came back for me
01[13:48] {@Threei}  it was at .37 when you asked
[13:48] {fish_49} lunch? it's half way to dinner time
[13:49] {fish_49} maybe it was .37 whan I asked  but  .38 and climbing when you answered  lol
01[13:50] {@Threei}  "lunch" is stretchable concept. It covers the time between end of breakfast and start of dinner
[13:50] {RonS} fish re-name to slug?  snail?
[13:51] {fish_49} lol  you are correct.  when I missed the P  trade I went in and had lunch
01[13:51] {@Threei}  see? you should have taken ichthyosaur when I offered
[13:51] {fish_49} yep
[13:51] {fish_49} lol
[13:51] {fish_49} Snail is ok  slug  is  not
01[13:51] {@Threei}  much more formidavble than a slug
[13:51] {fish_49} slug is a large snail without a home
[13:52] {mojo1} lol
01[13:52] {@Threei}  we still haven't figured out what kind of dino dino is
01[13:53] {@Threei}  I mean, there is serious difference between brontosaur and T-rex
[13:53] {fish_49} a Dinaspelourous
[13:55] {dino} whatever that flintstone dino/dog was
01[13:57] {@Threei}  http://mcsaurus.deviantart.com/art/Dino-vore-Fred-Flintstone-04-152133036 ?
[13:57] {fish_49} cool  
01[13:58] {@Threei}  Dino is a snorkasaurus that is Fred Flintstone's pet dinosaur.
[13:58] {fish_49} wow  how did you know that Vad?
01[13:59] {@Threei}  well, I used this recent invention not many have heard of yet
01[13:59] {@Threei}  called google
[13:59] {dino} did al gore make that?
[14:00] {fish_49} can you google  Winning Trade 1:3  and find one more?
01[14:00] {@Threei}  don't tell anyone... but you can find some bits and pieces of info there
01[14:00] {@Threei}  I suspect he did dino... it's too good to be invented without him
[14:02] {fish_49} I did visit Fred recently and was able to ride in his car
[14:02] {fish_49} actually took a pic  wait  I will find it
[14:03] {RonS} classic:  Mt. Gox Bitcoin exchange down amid $365 million theft claim: http://bloom.bg/Mqm9of
[14:04] {fish_49} my ride in Fred Flinstones Car
[14:04] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/P2110786fixed_zps506fcaf4.jpg.html
01[14:04] {@Threei}  hey... that's real money, not tainted by the government
01[14:05] {@Threei}  wow fish... nice shot
[14:05] {fish_49} ty
[14:05] {fish_49} Vad have you ever met Munky?
01[14:05] {@Threei}  no
[14:05] {nemo} who's the ugly guy in the foto?
[14:05] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/monkey07-873x950_zpsa1b84f74.jpg.html
[14:05] {dino} lol
[14:06] {RonS} late '70's guy at gym in suit...me: why are you dressed up, thought you are retired...him:  won't be till i die...lost all my savings w/ Madoff...
[14:06] {fish_49} lol
[14:06] {RonS} not funny...true...
[14:06] {nemo} poor bastard
[14:06] {dino} made-off
[14:15] {natan} hi vad
[14:15] {natan} i'm new in this forum
[14:16] {nemo} bow to Zod
01[14:16] {@Threei}  hi natan
[14:16] {natan} i'm taking your online training
01[14:16] {@Threei}  following along fine?
[14:16] {natan} yep
01[14:16] {@Threei}  don't hesitate to ask if you have questions
[14:16] {natan} and wondering about the personal sessions
[14:17] {natan} how do you focus
[14:17] {nemo} natan, if you see a guy named "Les" in the room, don't ask HIM any questions
[14:17] {natan} lol
[14:17] {dino} natan, welcome and gl
01[14:17] {@Threei}  focus?
01[14:17] {@Threei}  I don't...
[14:17] {dino} music
01[14:17] {@Threei}  I throw darts...
[14:17] {nemo} how many monitors u got natan?
01[14:17] {@Threei}  luckily, more of them hit the center
[14:17] {natan} 4
01[14:18] {@Threei}  you mean focusing on a mentoring session during trading day?
[14:18] {natan} that's right
[14:18] {mojo1} natan, u like bananas?
01[14:18] {@Threei}  it's 30-60 min, which usually falls on a quiet oeriod
[14:19] {nemo} mojo, back to the corner
[14:19] {munky} i do
01[14:19] {@Threei}  lunch time
[14:19] {natan} ok
01[14:19] {@Threei}  and even if some trade comes along during that time, I am good at multitasking
[14:19] {fish_49} what platform are you using natan?
[14:19] {natan} das
[14:19] {fish_49} ok
01[14:20] {@Threei}  I once managed to eat ribs and steak at the same time
[14:20] {nemo} o.k.  watch this....
[14:20] {natan} you can solve any kind of issue: techanical, psicological...
[14:20] {nemo} Vad.....?
[14:20] {nemo} BACON!!!!
[14:20] {fish_49} Vodkaaa!!!!
[14:21] {nemo} natan....you have to solve the issue, other's can only provide guidance
[14:21] {natan} i know that, but its taking me a while to get out of this hole
[14:23] {natan} i'm tired of crashing into the same wall
[14:23] {fish_49} Are you a ground Hog by chance?
[14:23] {natan} lol
[14:23] {nemo} Fish....go listen to a James Gang album will ya
[14:23] {fish_49} teasing
01[14:23] {@Threei}  please read the description of mentoring at http://www.realitytrader.com/mentoring.html
[14:23] {natan} i'll do it
[14:26] {dino} galt spike
[14:26] {natan} i'll send you an email with some personal questions
[14:26] {dino} rcpt too
01[14:26] {@Threei}  normally it's done this way: you send an e-mail describing the problem, if it's something requiring mentoring, we do it; sometimes it's a minor issue that can be helped by the brief e-mail exchnage, which we do
[14:26] {nemo} Hey, natan, how long u been at it?
01[14:27] {@Threei}  so yes, send them, we will look them over and decide how to proceeed
[14:27] {natan} ok
[14:27] {nemo} what's this "we" shit?
[14:27] {natan} I've been in this for about 2 years
[14:27] {nemo} O.K.  how long you been stuck?
01[14:27] {@Threei}  just the right time to break through
[14:28] {natan} I'm a part time trader so...
[14:28] {nemo} ahhhh, so you've had somewhat limited screen time
[14:28] {natan} that's right
[14:28] {natan} i just can come post lunch
[14:29] {nemo} o.k. so really, in many way's you've really been only trading a year
[14:29] {natan} yep
[14:29] {nemo} OK...expectations 
[14:29] {natan} good questions
[14:29] {nemo} Between u me and the fencepost...you're still EARLY in the journey
[14:30] {natan} what's standard learning curve?
01[14:30] {@Threei}  nemo... I have to ask you once again to stop referring to me as a fencepost
[14:30] {nemo} there is no standard
[14:30] {fish_49} Natan  do you enjoy reading?
[14:30] {nemo} oh sorry tree good, fire bad
[14:30] {natan} sure
[14:30] {nemo} Having said that, oftentimes there is a 10,000 hour rule for expertise
01[14:31] {@Threei}  unlike fencepost that stand passively waiting for someone's forehead to hit it, I actively seek out those foreheads
01[14:31] {@Threei}  that's serious difference
[14:31] {nemo} It's not hard and fast, but this is a discipline that requires a level of mastery that goes beyond showing up for work every day
[14:32] {fish_49} I'm new here also  but  as far as the methods in this room,  this book was a great help.  I'm slow and had to read it a few times  to grasp the concepts.
[14:32] {fish_49} http://www.amazon.com/gp/product/0071414908?ie=UTF8&tag=daytradingeducat&linkCode=as2&camp=1789&creative=9325&creativeASIN=0071414908
[14:32] {natan} i got it and read it! pretty good book
01[14:32] {@Threei}  I need to read that one...
[14:32] {fish_49} ok
[14:32] {fish_49} love it
01[14:32] {@Threei}  people keep referring to it
[14:33] {natan} i'm currently reading the master profit plan
01[14:33] {@Threei}  btw, got amazing e-mail from someone recently... one of those that make my day
[14:33] {fish_49} well you're name is on it and Christopher mentions you're name in the book Vad
[14:33] {munky} whats the name of the book
[14:33] {dino} lol
[14:33] {natan} lol
[14:33] {fish_49} Techniques of TAPE READING
01[14:34] {@Threei}  Hello Vadym,
01[14:34] {@Threei}  I have been reading your book 5x now and the question I am asking my self every time is why was I not able to fully grasp everything the 1st time.
[14:34] {nemo} Natan...you have internalize enough information to find out what works for you.  For instance, Dino trades completely different from almost anybody in the room.
[14:34] {dino} ttr my fav too
01[14:34] {@Threei}  etc... but this is quite common theme
[14:34] {nemo} His ONE cellmate is RonS
[14:34] {RonS} lol
01[14:34] {@Threei}  people find new things in it reading it many times
[14:34] {nemo} Sometimes I look at Vad's trades and go, huh?
[14:34] {fish_49} sometimes?
[14:34] {fish_49} ttr?
[14:35] {nemo} Given that you have only been trading a year it's likely you haven't been exposed to enough info to find out what speaks to you
01[14:35] {@Threei}  sometimes I look in the mirror and go, huh?
[14:35] {nemo} You never look in the mirror, they always shatter 
[14:35] {fish_49} as long as you dont see Nemo in that mirror, you will be fine  Vad
06[14:35] * nemo see's fish in the mil-dot cross-hairs
[14:36] {fish_49} who was supposed to be watching P
01[14:36] {@Threei}  well, ever since that girl bit me on the neck, I see no reflection in the mirror... dunno why
[14:36] {natan} thanks for the info nemo
[14:36] {dino} fish ttr=tech of tape reading
[14:37] {fish_49} yea  I got it  after a minute... I'm a slow fish in the cold
01[14:37] {@Threei}  natan... actually, if you can suffer through nemo's thick layer of sarcasm and insults, he can be quite helpful
[14:37] {dino} better slow than dead
[14:37] {nemo} what do you have on your charts natan for "indicators"
[14:37] {natan} lol
01[14:37] {@Threei}  but we wouldn't have him any other way
[14:37] {nemo} I haven't insulted him 
01[14:37] {@Threei}  give it time
[14:37] {fish_49} yet
[14:38] {natan} Not very complex, just bollinger bands and volume
[14:38] {natan} daily/15-min/ and 1min graph
[14:39] {natan} same for SPY and QQQ
[14:39] {nemo} cool, the only thing I would recommend, because many here have found it useful, is to keep freestockcharts.com up, and plot pivot levels...They create a grid that defines the chart geography for you
[14:40] {RonS} jesus P...
[14:40] {natan} can't be plotted in DAS?
[14:40] {nemo} damn, missed the frickin gmr short
[14:40] {nemo} gmcr
[14:40] {nemo} yes, but DAS charts don't handle them well.  It distorts the candle image
[14:41] {natan} ok
[14:41] {nemo} even Vad likes Freestockcharts.com
[14:41] {nemo} don't tell anybody though
[14:41] {natan} i have to read John L pearson book regarding Pivot point cause i'm quite new about that
[14:42] {natan} lol
[14:42] {nemo} yes very good book
[14:42] {nemo} I can share a .pdf of it with you if you have gmail drive
[14:42] {natan} I read somebody of you recommend it
[14:42] {nemo} the rest of you can go to hell
[14:42] {fish_49} or you can just ask nemo every day for the numbers
[14:42] {dino} lol
[14:42] {nemo} Yeah, I'll give you my paypal address
[14:42] {natan} lol
[14:42] {munky} nemo, can freestock plot r1,r2,r3
[14:43] {nemo} absolutely munky
[14:43] {munky} thanks
[14:43] {thomcbell} wow vad u guys talking about the P?
[14:43] {natan} I got it nemo, many thanks anyway
[14:43] {nemo} wow P
[14:43] {fish_49} yea
[14:43] {nemo} Ochoa's book is good also
01[14:43] {@Threei}  nice find, eh?
[14:44] {nemo} might be short here
01[14:44] {@Threei}  never expected it to go as much though
[14:44] {munky} munky sees P, cuts wrist with a banana
[14:44] {nemo} oh jeez...frickin' Vadgroupy
01[14:45] {@Threei}  [13:42] {@Threei} .50 break can catapult P
[14:45] {fish_49} lol
01[14:45] {@Threei}  boy, did it...
[14:45] {fish_49} oh  forgot  to say 1:12  and out
[14:45] {thomcbell} very nice 
[14:46] {munky} fish, really
[14:46] {nemo} was there news?
[14:46] {fish_49} 1:10
01[14:46] {@Threei}  no
[14:48] {fish_49} http://seekingalpha.com/article/2045163-3-convincing-reasons-why-pandora-is-a-sell?source=google_news
[14:49] {fish_49} He may have gotten it all wrong on this one  lol
[14:51] {dino} xon spike
[14:53] {natan} are you all fulltime traders?
[14:53] {fish_49} some fulltime  some  fooltime
[14:53] {natan} lol
[14:53] {nemo} well...when they let me out...usually need my meds adjusted fairly regularly
[14:53] {nemo} then there are the shock treatments
[14:54] {dino} nat, yes
[14:54] {nemo} I have an extreme case of PTSD known as DPWF Syndrome
[14:56] {natan} what does all this acronyms stands for?
[14:56] {nemo} dino, you're also a landlord kingpin
[14:58] {nemo} Disgruntled Postal Worker Fantasy Syndrome
[14:59] {nemo} http://goo.gl/ktVtgv
[14:59] {dino} out z swing from last week, +3.20
[14:59] {fish_49} Nemo is not allowed  to have firearms  because of his disability
[14:59] {nemo} yeah, and I work in a gun shop too
[15:00] {fish_49} this is nemo
[15:00] {fish_49} http://www.youtube.com/watch?v=iDnEkFSMRik
[15:00] {fish_49} need coffee Vad  hold all calls
[15:01] {nemo} no, this is the guy who trained me:  http://goo.gl/DgDtYG
01[15:01] {@Threei}  easier said than done... I need to busy myself with something
01[15:01] {@Threei}  oh... I might learn to dance
01[15:01] {@Threei}  http://www.youtube.com/watch?v=xR_CRgW4Gs8
[15:02] {nemo} I remember watching that as a kid
[15:02] {natan} see you tomorrow guys
[15:03] {dino} gn
01[15:03] {@Threei}  see you tomorrow natan
[15:03] {natan} g luck
[15:04] {RonS} natan just needs a little chi...or in his case ci...
[15:04] {nemo} ?
[15:04] {RonS} nathan - h...
[15:04] {nemo} ahhh
[15:04] {RonS} :)
[15:04] {nemo} or an s instead of the first n
[15:05] {RonS} oof
[15:05] {nemo} he got a bad wrap...that whole Garden of Eden thing was to keep us from just being a herd of cows
[15:05] {nemo} Having said that, most of the people still are
[15:07] {nemo} for those of you that can handle a .15 stop, if GMCR drops .70 and stays under .85ish, it could drop
[15:08] {nemo} big seller at .80
[15:09] {nemo} look at that daily
[15:10] {nemo} eh, it shut off on the algo
[15:11] {nemo} sbux .85 short break
[15:11] {nemo} above .90
01[15:12] {@Threei} Short Setup: C  .50 break
01[15:12] {@Threei}  If holds  .60 
[15:13] {nemo} finnies coming into the 50 day and their lows
[15:15] {nemo} sbux gave you 1:1
[15:15] {fish_49} called late
[15:15] {nemo} no, it allowed you to get back in
[15:16] {nemo} gmcr triggered, but hasn't hit 1:1
01[15:19] {@Threei}  stop to .56
01[15:19] {@Threei}  to protect against double bottom
[15:20] {nemo} gmcr did a 1:1 and I think it's gonna' be a sleigh ride down
[15:24] {mojo1} vad call c .50 break are getting in at .5 0r .49
01[15:24] {@Threei}  http://www.realitytrader.com/tradingroom/#instructions
[15:24] {fish_49} .5 would be great but only after you have a print of .49
[15:25] {mojo1} i can't read
01[15:26] {@Threei}  finally
01[15:26] {@Threei}  I am not alone in this world
01[15:27] {@Threei}  everyone wonders why I haven't read Techniques of Tape Reading
01[15:27] {@Threei}  and I am too shy to say I can't read
[15:27] {fish_49} 1:1
[15:27] {fish_49} almost
[15:27] {fish_49} lol
01[15:28] {@Threei}  1:1  
[15:32] {nemo} oh well, no last minute collapses
01[15:32] {@Threei}  28 min still
01[15:32] {@Threei}  28 opportunities
01[15:32] {@Threei}  to get crashisher
[15:40] {fish_49} trailing C  to .50?
[15:40] {nemo} guess spy doesn't want to close far from 185
[15:40] {fish_49} no crazy volume in the close
[15:40] {fish_49} markets don't know which way to go
01[15:43] {@Threei}  let's lose .40 and die, C
[15:43] {nemo} probably not, finnies not likely to give up the 50 day
01[15:44] {@Threei}  to me, perfect place to break the support and kill those who buy here counting on it to hold
[15:44] {nemo} true
01[15:44] {@Threei}  shakes them out hard, then bouncwe
01[15:44] {@Threei}  max pain
[15:45] {fish_49} yeaaa
[15:45] {fish_49} worth the wait
[15:45] {fish_49} close enough
[15:45] {fish_49} out here vad  thanks
01[15:46] {@Threei}  yw
01[15:46] {@Threei}  not as spectacular day as yesterday but very decent
[15:46] {fish_49} I'm still trading small lots  and have decent profit.  Did well with futures trade also  Happy day
[15:47] {fish_49} thanks Vad
[15:48] {dino} ptct spike
01[15:48] {@Threei}  sure thing
[15:48] {mojo1} nice C vad
01[15:48] {@Threei}  :)
[15:48] {mojo1} out .33
01[15:49] {@Threei}  glad you ironed out those execution issues fish
[15:49] {nemo} holy shit, now look at P
[15:49] {fish_49} went up on rumors  maybe
[15:49] {fish_49} truth came out  lol
[15:49] {darekj} out of C, ty Vad
01[15:49] {@Threei}  yw
01[15:54] {@Threei}  1:2  
01[15:55] {@Threei}  ok guys, thank you all
01[15:55] {@Threei}  have a great evening, see youi tomorrow
[15:55] {fish_49} gn 
[15:57] {darekj} good night
[15:58] {thomcbell} gn all
[15:59] {nemo} gotta' go, bye folks