Wednesday, February 26, 2014

Feb 26 2014

That was very interesting day. How often  do you start with 4 stops in a row, and end up nicely profitable? This was exactly what happened. In the first 30-40 min we got stopped and rinsed 4 times; then made 7 winning trades most of which were 1:3ers, and ended up nicely up. Things sometimes go in clusters - stay calm and make good trades.

Session Time: Wed Feb 26 00:00:00 2014

01[08:59] {Threei}  morning dino
[09:01] {dino} another single digit day, lasting thru saturday
01[09:01] {Threei}  misery is endless this year, isn't it
[09:02] {dino} yes, started in november, been below average ever since. plus about 2 feet over in snow, with more coming today and this weekend
[09:03] {fish_49} snow again
[09:04] {dino} yes
01[09:04] {Threei}  (RU) Russian Defense Min: Russian military readiness tests are not related to Ukraine unrest*note earlier today: Russia President Putin reported orders western and central military districts to test combat readiness of troops - press
01[09:04] {Threei}  but of course
[09:04] {fish_49} lol
[09:05] {fish_49} scare tactics
01[09:06] {Threei}  dino, even we have weird winter... just one day wonder but look:
[09:10] {fish_49} no yellow snow there Vad  lol
[09:11] {darekj} gm all
[09:11] {fish_49} DJ
01[09:11] {Threei}  darek :)
01[09:12] {Threei}  (UR) Reportedly pro-Russia and pro-Ukraine protestors are clashing in the Crimea region city of Simferopol; reportedly explosions heard near Crimea parliament in Simferopol - press- Pro-Ukraine protestors are said to be trying to break into the regional parliament. - Reports assert that at least one protestor is dead after clashes. - Separately, Volodymyr Konstantinov, the chairman of the Supreme Council (Verkhovna Rada) of the Autonomous Republic of Crimea, has dismissed allegations circulated by some media outlets that Crimean lawmakers plan to make some radical decisions at an extraordinary plenary session, possibly including Crimea's secession from Ukraine
01[09:12] {Threei}  (US) Dallas Fed's Richard Fisher (FOMC voter, hawk): Significant market correction won't halt taper- Happy with current rate at which Fed is winding down QE
[09:13] {RonS} hello everyone
[09:13] {fish_49} Ron
[09:14] {RonS} ese coming back soon?
01[09:15] {Threei}  ron :)
01[09:15] {Threei}  he never left
01[09:15] {Threei}  he is just in and out on his own schedule
01[09:16] {Threei}  which is one of the great world misteries
01[09:16] {Threei}  mysteries
[09:16] {fish_49} when the warden lets him out?
[09:18] {dino} .
01[09:30] {Threei}  C looks two-sided .40- .50
01[09:30] {Threei} Short Setup: C  .40 break
01[09:30] {Threei}  If holds  .50
01[09:30] {Threei} Long Setup:  C  .50
01[09:30] {Threei}  If holds  .40
01[09:32] {Threei}  no go
[09:33] {fish_49} was cc8 around this morning?
01[09:33] {Threei}  first instinct was right
01[09:34] {Threei}  haven't seen him
01[09:34] {Threei}  why, your guy is cc7
[09:34] {fish_49} oh  we have assigned guys?
01[09:35] {Threei}  cc7 runs DAS-related matters
[09:35] {fish_49} I layed out my C order and it was in my orders window then in an instant gone and I never hit the keyboard
[09:35] {fish_49} I got lucky
[09:36] {fish_49} but I want him to llok at the order and see why/who cancelled
01[09:36] {Threei}  skype him
[09:36] {fish_49} yea
[09:36] {fish_49} ty
[09:36] {RonS} sm l rgr 60.93
01[09:36] {Threei} Short Setup: FB  .10 break hl
01[09:36] {Threei}  If holds  .20
01[09:40] {Threei}  meh
01[09:40] {Threei}  jerky ooening
[09:41] {dino} nice rgr ron
01[09:44] {Threei} Short Setup: FB  .50 break hl
01[09:44] {Threei}  If holds  .60
01[09:46] {Threei}  hmmm... is it one of those days when I better go back to bed?
[09:47] {fish_49} not yet
01[09:47] {Threei}  not getting rhythm right
[09:49] {fish_49} Anyone trade DLTR?
01[09:50] {Threei}  somg FB
01[09:50] {Threei}  rinsed
01[09:53] {Threei} Long Setup:  EBAY  .90 break
01[09:53] {Threei}  If holds  .80
01[09:54] {Threei}  sheesh
01[09:54] {Threei}  back to bed
[09:54] {nemo} 10 numbers
01[09:54] {Threei}  trading gods got angry with me for the last couple days of beating they took
[09:55] {nemo} better than having your liver eaten every day
[09:56] {fish_49} ebay really suckies
01[09:57] {Threei}  second rinse
[09:58] {fish_49} news in a minute or two maybe after that  things will be of some normalcy
[09:58] {fish_49} is that a word Nemo?
01[09:59] {Threei}  P Hearing strength attributed to renewed takeover chatter- MSFT speculated as possible suitor
[09:59] {fish_49} that would be a good match
01[09:59] {Threei}  *(US) JAN NEW HOME SALES: 468K V 400KE
[09:59] {nemo} yes Fish, just should never be used in conjunction with you
[10:00] {fish_49} ty Nemo  Love you bro
[10:02] {dino} out remaining z swing, +5.12
01[10:02] {Threei}  wtg
[10:02] {fish_49} nice
[10:02] {dino} ty
01[10:02] {Threei} Long Setup:  P  .40 break hl
01[10:02] {Threei}  If holds  .30
01[10:02] {Threei}  Invalidated
[10:02] {dino} dltr sm s .97
01[10:03] {Threei}  that's an improvement
[10:03] {RonS} gj z
[10:05] {dino} ty
[10:06] {dino} cri wierd
01[10:07] {Threei} Short Setup: FB  .85 break
[10:07] {dino} watching sina, rgr, cri, clh
01[10:07] {Threei}  If holds  .95
[10:08] {dino} aegr blood
[10:09] {RonS} the O a real James Madison eh?
01[10:10] {Threei}  one of the popular jokes in certain circles, Ron:
01[10:11] {Threei}  Few leaders did as much for Russia empowerment as Obama
[10:11] {RonS} lol...that's it?
01[10:11] {Threei}  yes... sorry...
[10:12] {RonS} lol...someone needs to work on their punchline...  :)
01[10:13] {Threei}  stop to .91
01[10:13] {Threei}  1:1
01[10:13] {Threei}  by the book from here
01[10:13] {Threei}  wow... something works finally
01[10:13] {Threei}  1:2
01[10:15] {Threei}  out last piece on a trail
[10:15] {fish_49} ty
[10:15] {dino} aegr smr l .82 wide/pulp
01[10:15] {Threei}  yw... let's get 5 more like this
01[10:15] {Threei}  and I will leave this day in the calendar
01[10:16] {Threei} Long Setup:  MCD  .50 break
[10:16] {dino} out aegr .42, +.60
[10:16] {RonS} wtg
01[10:16] {Threei}  nice scalping footwork there dino
[10:16] {dino} ty
01[10:16] {Threei}  If holds  .43
[10:17] {dino} dltr stuck, tighten to .05
[10:18] {dino} crcm drop
[10:22] {dino} ty fish for idea, cov dltr .67, +.30
01[10:27] {Threei}  stop to .46
01[10:28] {Threei}  half out
01[10:28] {Threei}  stop to .49
01[10:29] {Threei}  1:1
[10:29] {dino} trla sm l .99 stop .89
[10:31] {fish_49} letting the burger run for the day with a stop at .53 on my last half
01[10:34] {Threei}  it'son a slowish side today but if takes .65, should gain some speed
[10:34] {fish_49} not much volume but the volume pattern looks right
01[10:35] {Threei}  well, low volume on burgers is rather healthy thing
[10:35] {fish_49} lol
[10:36] {fish_49} stop to .55
01[10:36] {Threei}  crap... I know what's wrong with today
01[10:36] {Threei}  mojo is not here!
[10:40] {dino} zltq hooker. sm l .70
[10:40] {fish_49} out in full
[10:40] {fish_49} ty Vad
01[10:40] {Threei}  yw
[10:42] {dino} trla stop .89 -.10
[10:44] {RonS} vjet sm long .35 hooker+
[10:44] {dino} out zltq .04, +.34
01[10:48] {Threei} Short Setup: WMT  .70 break
[10:50] {dino} crcm getting crunched
01[10:50] {Threei}  If holds  .75
[10:52] {RonS} out vjet .86 +.51
01[10:53] {Threei}  wtg
01[10:53] {Threei}  wtjet
[10:53] {dino} pega drop
[10:56] {RonS} out rge 61.80 from 60.61 ave +1.19
[10:56] {RonS} rgr
[10:57] {dino} wtg
[10:57] {RonS} missed my 62.65 target by 2 does that piss me off...
[10:58] {dino} that really sucks, lol
[11:00] {thomcbell} sbh kind of interesting here 28.26 long break if holding 28.15
01[11:03] {Threei}  half out
01[11:04] {Threei}  1:1
01[11:04] {Threei}  slowly digging out
[11:04] {thomcbell} sbh 1:1
[11:07] {dino} gj
[11:11] {dino} pega, db maybe
[11:13] {thomcbell} tol watching here
01[11:13] {Threei}  (UR) NATO: We back Ukrainian sovereignty and territorial integrity - statement from NATO defense ministers
01[11:13] {Threei}  and?
01[11:14] {Threei}  will you go to war?
[11:14] {dino} we will talk strongly but do nothing
[11:14] {thomcbell} pullback to 38.90 buyable - long small for breakout too
01[11:14] {Threei}  as you did when Putin invaded Georgia?
01[11:14] {Threei}  imbeciles
01[11:14] {Threei} Long Setup:  FB  .90 break
01[11:14] {Threei}  If holds  .80
01[11:16] {Threei}  71 break will really catapult FB
[11:16] {thomcbell} sbh 1:2
01[11:16] {Threei}  1:1
01[11:17] {Threei}  1:2
01[11:18] {Threei}  will try for 1:4
[11:18] {RonS} took fb +.24 thanks 3i
01[11:18] {Threei}  :)
01[11:18] {Threei}  very clean setup
[11:19] {fish_49} huh?
[11:19] {fish_49} waaaaa
01[11:19] {Threei}  can't believe fish missed it...
01[11:19] {Threei}  1:3
[11:19] {fish_49} out wmt +.02
[11:19] {dino} he swam away
[11:19] {fish_49} i lost power  trading on the laptop now
[11:19] {nemo} wish he lost mirc
01[11:19] {Threei}  :(
[11:19] {darekj} ty Vad
01[11:19] {Threei}  yw darek
[11:19] {fish_49} for what it's worth  the trade desk very responsive and quick to get me out of the trade
[11:20] {goinshort} V how did you decide the 71 was the "catapult"  ?
01[11:20] {Threei}  trading gods relented and took my urgent sacrifice of chicken entrails
[11:20] {goinshort} out FB thanks !!
01[11:20] {Threei}  yw sir
01[11:21] {Threei}  look at intraday...
01[11:21] {Threei}  .90 was clear long trigger,
01[11:21] {Threei}  ascending triangle
01[11:21] {Threei}  but before that, FB tested .97 twice
01[11:22] {Threei}  retreated, then formed this triangle we took now.
01[11:22] {Threei}  What ahppens next is:
01[11:22] {Threei}  triangle break gives it enough power to take that .97, which is nolt really actual resistance,
01[11:22] {Threei}  that would be even nimber right above, 71.
[11:23] {goinshort} I get it !  thanks
01[11:23] {Threei}  Taking round number, which is new high for the day, with momentum created by this triangle break - all the comnponenets in place for a verticla spike
01[11:23] {Threei}  which is exzctly what happened
01[11:24] {Threei}  sheesh... my typing IS atrocious
[11:24] {thomcbell} tl no go
[11:24] {thomcbell} tol
01[11:25] {Threei}  with this 1:3 I am actually back to even
01[11:25] {Threei}  almost
01[11:25] {Threei}  one more win is needed
01[11:25] {Threei}  fish, what price did they get for you over the phone?
[11:31] {fish_49} .68
01[11:32] {Threei}  uh
01[11:32] {Threei}  went to 1:1...
[11:32] {dino} anfi sm l .05
[11:32] {fish_49} while I was trying to get connected
[11:33] {fish_49} it was falling and I was ready to get out half  and wala power
[11:34] {fish_49} hen I called it was moving up  he said current price .66 then he got me out at .68
[11:34] {dino} dltr? misses by .04 andguides lower, +3
[11:34] {fish_49} which was a blessing since I was short 1000 shares it covered my comms
[11:38] {fish_49} sorry Nemo I'm back
[11:39] {thomcbell} sbh 1:3
[11:40] {dino} gj
[11:40] {thomcbell} took the trade
[11:42] {dino} no, but followed it, nice call
[11:42] {dino} brb
01[11:51] {Threei}  I like this:
01[11:51] {Threei}  Crimean police ordered to prevent clashes at any cost
[11:52] {fish_49} won't that create a clash?
01[11:52] {Threei}  what if cost is the clash?
01[11:52] {Threei}  exactly
[11:53] {fish_49} I pity the police in this situation....
[11:54] {fish_49} They have to follow orders and I'm certain there will be some  that agree with the oposition
[11:58] {dino} qunr drop
01[11:58] {Threei} Short Setup: WMT  .50 break
01[11:58] {Threei}  If holds  .60
[11:58] {RonS} vend rug pull
[12:06] {thomcbell} tol really
01[12:06] {Threei} Long Setup:  FB  .90 break
01[12:06] {Threei}  If holds  .80
[12:08] {fish_49} 2 sided
[12:09] {RonS} vape smokin...
01[12:09] {Threei}  lol
01[12:14] {Threei}  Invalidated  FB
01[12:16] {Threei}  1:1 if went with fish idea
[12:16] {dino} esi drop
[12:17] {fish_49} curious why .50  on wmt  not .52?  round number?   looks like range is .52 and .62?
01[12:18] {Threei}  when it's that close to round number, I prefer to use it as more batural support level
01[12:18] {Threei}  natural too
[12:18] {fish_49} ok
[12:19] {nemo} iwm might have to push through to get the 118 stops
01[12:19] {Threei}  most likely such numbers as .52 hold simply because there is huge support right under it, and buyers step up in front of that
01[12:20] {Threei}  but to trigger the trade break of that support is needed
01[12:20] {Threei}  (Yodaspeak)
[12:20] {fish_49} thanks for the explanation Vad.  It makes sense  and gives lil more confirmation
[12:23] {dino} esi gap fill
[12:24] {dino} esi smr l .90 pulp
01[12:25] {Threei}  see how selling accelerates after .50 break?
01[12:25] {Threei}  unlike .52
[12:26] {fish_49} yep
[12:26] {thomcbell} on which one vad?
[12:26] {fish_49} wally world
01[12:26] {Threei}  WMT
[12:26] {dino} out esi .60, +.70
[12:26] {RonS} wtg
[12:26] {dino} ty
[12:27] {dino} pega smr l .15 ave
01[12:28] {Threei}  just got an e-mail from trading gods: "This time you get away with chicken entrails. Next time it's 5lb of finest cheeses, 5 gallons of fine wine and 2 virgins."
01[12:29] {Threei}  hmmm
[12:29] {nemo} where u gonna' find virgins?
[12:29] {fish_49} everything is fine  but 2 virgins?
[12:29] {thomcbell} akam 62 break if holding 62.10
01[12:29] {Threei}  that's my major headache, yeah
[12:29] {fish_49} The only Virgin I know is Olive Oil
[12:29] {nemo} extra virgin
[12:30] {thomcbell} might need some sideways first
01[12:30] {Threei}  last time I spoke to her, she denied being a virgin, fish
[12:30] {fish_49} Nemo got her?
[12:30] {dino} vips crazy
[12:30] {nemo} made that mistake once
01[12:31] {Threei}  mumbled something about russian vodka being strong medicine against virginity
01[12:31] {Threei}  and added that vodka doesn't mesh well with oil
01[12:32] {Threei}  stop to .56
[12:32] {dino} ocn drop
[12:34] {thomcbell} no go akam
01[12:35] {Threei}  half out
01[12:35] {Threei}  stop .51
[12:42] {goinshort} what is a very good russian vodka?
[12:42] {nemo} there isn't one
[12:42] {goinshort} lol
[12:42] {nemo} not unless you like it by octane rating
01[12:42] {Threei}  not true at all nemo
[12:43] {nemo} well, one to which we have access
01[12:43] {Threei}  Russian Standard is fantastic
[12:43] {nemo} I never see that around here, and I live in a communist state
[12:43] {goinshort} is that grain or potato?
01[12:43] {Threei}  it's in every liquor store here
01[12:43] {Threei}  grain
[12:43] {nemo} this might be the top for the day
[12:45] {nemo} IWM is leading 118.25 is likely roof
01[12:47] {Threei}  US sellers:
01[12:50] {Threei}  ok Walmart... time to recrash
[12:51] {goinshort} looks like I can get it in St. louis
[12:52] {fish_49} try any local store and ask them to get it for you
[12:52] {fish_49} if they can't  then go to another local store
[12:52] {goinshort} will do
[12:52] {fish_49} I have done that with beer and some times  able to get it from half way across the country
01[12:53] {Threei}  don't freeze, just chill
01[12:53] {Threei}  it has character, it's not just a smooth tasteless vodka
[12:53] {nemo} oh, so it's not like Fish
[12:53] {dino} just what i need, more chacters in my life
01[12:53] {Threei}  lol
[12:54] {fish_49} Vad you laughed at that?  I thought you had class
[12:54] {goinshort} lol
01[12:54] {Threei}  at what? I laughed at dino's line
[12:54] {nemo} yes, funny you don't recognize it fish
01[12:54] {Threei}  for nemo I have this:
06[12:54] * nemo load drum
06[12:54] * Threei slaps nemo around a bit with a 10 lb frozen salmon
[12:54] {nemo} vicious
06[12:54] * Threei takes a bow
[12:55] {nemo} pass the wasabi
[12:55] {nemo} tza might be worth a shot here
[12:55] {fish_49} Nemo got slapped by my frozen cousin  cool  she has a hard right hand
[12:55] {fish_49} fin
[12:55] {nemo} since we can't short iwm
[12:55] {nemo} having said that, we're right at channel support
[12:55] {fish_49} why can't you short it?
[12:55] {dino} relgous reasons
[12:55] {nemo} because it doesn't say "S"
01[12:55] {Threei}  Zaratustra wonn't allow him
01[12:56] {Threei}  lol dino
[12:56] {dino} my spelling sucks today
01[12:56] {Threei}  my fault dino
01[12:56] {Threei}  sorry
01[12:56] {Threei}  my typing rubs off
[12:56] {nemo} set the price .20 higher then bbo and try to short it fishface
[12:56] {nemo} youl get Send_Rej
[12:56] {nemo} dufus
01[12:57] {Threei}  thEn?
01[12:57] {Threei}  thEn???
[12:57] {fish_49} oh  ok  I would never try to short it  so I had no Idea
01[12:57] {Threei}  sigh
01[12:57] {Threei}  grammar police
01[12:57] {Threei}  urgent
[12:57] {fish_49} dufus was spelled correctly Vad
06[12:57] * nemo would like to taser fish's ass with a 440 volt line
01[12:57] {Threei}  [12:56] {nemo} set the price .20 higher then bbo
[12:58] {fish_49} not a 34K line?
[12:58] {nemo} oh bbbo
[12:58] {nemo} no...I want to make sure you get enough amps
01[12:58] {Threei}  this is just below the "their-they're"
[12:58] {nemo} no youl
[12:58] {nemo} instead of you'll
[12:58] {nemo} tza working
[12:58] {fish_49} is it then or should that be than?
[12:59] {nemo} entweder oder
[13:00] {nemo} whoa, pretty low spy volume
[13:02] {dino} asps getting serious
[13:02] {nemo} .80ish first bounce point for iwm take some tza there
[13:02] {nemo} then see if it holds under entry
01[13:03] {Threei}  wow FB
[13:03] {fish_49} yea
[13:03] {fish_49} watchoing that Vad
[13:03] {nemo}  if it comes back down through .80 vwap likely has been selling off in the afternoons
01[13:03] {Threei}  WMT baby
[13:04] {fish_49} come on wmt  2 more pennies
01[13:04] {Threei}  believe it or not, with this trade actually positive for the day
01[13:05] {Threei}  finally out of that morning hole
01[13:05] {Threei}  4 stops in a row, sheesh
[13:05] {fish_49} if I were to get out here  I would be positive for day
[13:05] {dino} gj, way to stick to it
[13:05] {fish_49} my limit order in at .33 and didnt get taken out
01[13:05] {Threei}  take half of what you have still fish
[13:06] {fish_49} k
01[13:06] {Threei}  secure some profit
01[13:06] {Threei}  get as close as you can to breakeven or slighly positive,
01[13:06] {Threei}  so even if last portion doresn't work, it's not painful anymore
[13:07] {goinshort} I know what ya mean - I'm $64 from green
01[13:07] {Threei}  there is math of odds theory that dictates the best way to manage the trade,
01[13:07] {Threei}  and there is a human side of all this,
01[13:07] {Threei}  we are not robots,
01[13:07] {Threei}  maintaining emotional balance is important
01[13:08] {Threei}  sometimes suboptimal way from pure math point of vieew is much better,
01[13:08] {Threei}  as it allows us to finction with less stress
01[13:08] {Threei}  function too
[13:08] {fish_49} good point  I have the remaining shares at a limit of .33  lets see if i can get hit
[13:09] {nemo} just stick ur chin out
[13:09] {dino} esi drops again
[13:09] {dino} anfi stopped b/e
01[13:09] {Threei}  there
[13:09] {fish_49} out
[13:09] {fish_49} and  positive territory
01[13:09] {Threei}  out you are as Yoda say would
[13:09] {fish_49} great day after all
[13:10] {dino} couple brutal drops going on, asps, esi
[13:10] {dino} edu
01[13:10] {Threei}  who would have thought in the morning, eh fish?
01[13:10] {Threei}  and you missed 1:3er on FB
[13:10] {fish_49} yea  but  It was a good test of an issue I have resolved  so  It was worth it to me
01[13:11] {Threei}  yup
[13:11] {fish_49} Even with the morning trades  I felt no pain and accepted it
[13:11] {fish_49} that in itself is victory to me
01[13:11] {Threei}  perfect
01[13:11] {Threei}  this is the state you need to cultivate
01[13:12] {Threei}  it's an odds game,
01[13:12] {Threei}  and sometimes odds go in clusters
01[13:12] {Threei}  a few stops here and there, we all accept that
[13:12] {fish_49} yes  and  I had bad feelings towards DAS folks  but that was resloved.  Honestly within 2 rings they answered the call and had me out of the trade within seconds
01[13:12] {Threei}  a few stops grouped together, it causes pain and doubts
[13:13] {fish_49} I have a new outlook towards those folks
01[13:13] {Threei}  I never underatood that bad feeling, honestly
01[13:14] {Threei}  they cater to day traders
01[13:14] {Threei}  as such, they are top league
01[13:14] {Threei}  server co-location, latency is negligible
01[13:14] {Threei}  software is top notch
[13:14] {fish_49} I believe that now
[13:14] {dino} kof and fmx getting crushed last few days
01[13:15] {Threei}  downtime is next to non-existent
01[13:15] {Threei}  and you know what a real test of how robust software is?
01[13:16] {Threei}  it's how it handles extremely high colume rapid trading days during market crash
01[13:16] {Threei}  when usual systems slow down to a crawl
01[13:16] {Threei}  and your orders travel in cyberspace like tortoises in mollasses
[13:16] {fish_49} my bad opinion came from their lack of support or understanding of their own software
[13:17] {fish_49} I figured out the details on my own
[13:17] {fish_49} but  now that I have confidence in their response at the trade desk  I am fine
01[13:17] {Threei}  you always run into someone in front line of support who knows a b and c, and haven't even heard of d...
[13:17] {nemo} yeah, tech support desks tend to have multiple levels
[13:18] {nemo} you get the grunts at first
[13:18] {dino} damn, missed asps and esi bottoms
01[13:18] {Threei}  I mean this is still good ole USA, the country in which salesman in central NY store when asked if they ship to Canada told me "sorry, we don't ship ioverseas"
01[13:18] {Threei}  1:2  WMT
[13:18] {fish_49} yea  level 1 was CC9  his response to my questions were  "Well why do you need that"
01[13:20] {Threei}  gs, you are breakeven now?
[13:20] {fish_49} hahahah  Overseas?  well the Great Lakes  are large Vad might as well be a sea  lol
[13:20] {goinshort} no  not yet
[13:20] {nemo} they have tides
01[13:21] {Threei}  yeah... when I suggested him to look up Canada on the map and find the sea between us, he wasn't amused
[13:21] {fish_49} I grew up on Lake Erie at a time when it caught fire in some places  lol
[13:21] {dino} gas?
[13:21] {fish_49} He didn't hang up on you?
01[13:22] {Threei}  no... we spoke of $1,700 camera, mind you
[13:22] {fish_49} no  not gas  pollution  debris, just general junk
[13:22] {fish_49} the lake really wasn't cleaned up until Nuc power came into play
[13:23] {dino} asps, ocn lods
[13:23] {fish_49} Lake Erie  is a clean lake now  compared to late 70's  and early 80's
[13:23] {fish_49} Welcome back Natan
[13:23] {nathan} hi guys
[13:23] {nemo} that was quite the pop in esi from 31.90 to 32.20
01[13:23] {Threei}  hey nathan
[13:24] {nathan} hey Rons i change my nich
[13:24] {nathan} nick
[13:24] {nathan} i choose nathan instead of satan ;-)
[13:24] {nemo} pity
[13:24] {nathan} :-)
[13:24] {dino} lol
[13:25] {dino} but before you could spell it backwards and frontwards the same
01[13:25] {Threei}  nemo is so upset about not having a buddy for his satanic cult, he has suffocated the serpent with his bare hands
[13:25] {nemo} maybe he was drunk
[13:25] {nemo} Xcuse me
[13:26] {fish_49} Nathan  I'm happy your not Satan.  we can only have one satan in the room and we  all know who that is  right Nemo?
[13:26] {nemo} those cults are such amateurs
[13:26] {nathan} lol
01[13:26] {Threei}  in nemo's vult there was supposed to be a buddy system
01[13:26] {Threei}  cult
[13:26] {nemo} Les hasn't been here for a month Fish
[13:27] {fish_49} lol good point  Toad
01[13:27] {Threei}  they would exchange flowers every morning
01[13:27] {Threei}  granted, those would be black flowers
[13:27] {nemo} besides, Satan is a bastardization of al Shaitan  "one who questions"
[13:28] {RonS} you shaitan me?
[13:28] {nemo} mmmhhh...not sure how to reply to that Ron
01[13:30] {Threei}  lol
[13:30] {dino} lol
[13:30] {nemo} guess Ron made a funny...
01[13:31] {Threei}  nemo's right on this one, however painful it is to admit... "shaitan" is a word in middle asia languages, from republics of xUSSR
01[13:31] {Threei}  haven't heard it in ages, just remembered when he typed that
[13:32] {nemo} Yeah, that side of the spirtual fauna is my bailiwick
[13:32] {fish_49} [13:31] {Threei}  nemo's right on this one,  even Vad admits Nemo is wrong most of the time
[13:33] {nemo} o.k. if the market gonna' drop the shorts should be forming now
[13:33] {fish_49} still range bound
[13:33] {nemo} That's a helluva' assumption for being such a noob here fishface
[13:34] {fish_49} assumption?
[13:34] {nemo} assertion
[13:34] {nemo} you're making an assumption which led to a written assertion
[13:34] {fish_49} you know what they say about assumptions and assertions
[13:35] {dino} asps vsm l .60
[13:35] {nemo} did you retire or get fired by the Feds?
[13:35] {fish_49} lol
[13:36] {RonS} N.Y. Regulator Probing Ocwen's Relationships
[13:36] {RonS} at airport?
[13:38] {RonS} Ocwen executive chairman William Erbey also chairs four other affiliated residential real-estate companies: Altisource Portfolio Solutions SA, Altisource Residential Corp, Altisource Asset Management Corp and Home Loan Servicing Solutions Ltd.
[13:38] {nemo} wow, spy volume really dropped off.  only 46.8 mil and I think it was around 42 mil at lunch
[13:38] {nemo} noon
[13:39] {nemo} waiting for Yellen
01[13:39] {Threei}  {Yellen} never before was called Godot...
[13:39] {nemo} trite
[13:39] {fish_49} he I mean she will have nothing new to say
[13:39] {nemo} not to be confused with trout
[13:39] {nemo} doesn't matter
[13:40] {nemo} you're looking for rationality in an irrational process
[13:40] {nemo} the market is a woman
[13:40] {nemo} with sharp teeth claws and venom
01[13:40] {Threei}  weird... mine is all smooth and curvy
[13:40] {nemo}
01[13:41] {Threei}  BBY Started to cut around 2,000 managers; no store closings planned - NY Post
01[13:41] {Threei}  FMCC Fannie and Freddie tick higher: Fox Business says analyst Bove will appear at 13:30ET and comment that the two GSE's should be "$18 stocks"
[13:46] {fish_49} toad  when you say "waiting for Yellen"  is she scheduled  to speak anytime soon?  I don't see anything on the Economic Calendar except the Fed speach later this evening
[13:46] {nemo} tomorrow
[13:46] {fish_49} ty
[13:47] {nemo} that's likely why spy volume is so low today
[13:47] {fish_49} I get it now
[13:47] {fish_49} thanks
01[13:47] {Threei}  crap... on top of bitcoin and Turkish lira collapse, now this:
01[13:47] {Threei}  Ukrainian currency has beaten the historical record on Feb. 26, reaching 10.33-10.5 per dollar on the interbank exchange market.
[13:47] {fish_49} A ton of news tomorrow
[13:47] {nemo} you must have stood up
[13:47] {nemo} to take the pressure of your brain
01[13:47] {Threei}  I don't know anymore where to out my money
01[13:48] {Threei}  I mean, I have to het out of this fiat currency that is worth nothing, right?
[13:48] {nemo} gold is real money man
[13:48] {fish_49} ohh thats why the DX  (Dollar)  is up so well today
[13:48] {fish_49} lol
01[13:48] {Threei}  ah yes
01[13:48] {Threei}  gold... sound money
[13:49] {nemo} frickin' manipulators
01[13:49] {Threei}  just to make sure I get it precisely right... not sea shells?
[13:49] {nemo} remember that gold guy at the first conference?
[13:49] {nemo} best thing about him was the two women that came with him
01[13:49] {Threei}  from Europe?
01[13:49] {Threei}  oh
01[13:49] {Threei}  yes
[13:49] {nemo} nah, Texas I think
01[13:50] {Threei}  yup
[13:50] {fish_49} was that the Cute Asian Girl that was sitting next to you in the Pic we had a month ago or so
[13:50] {nemo} oh, he showed that...yeah, her husband didn't like me
01[13:50] {Threei}  I wonder why
[13:50] {fish_49} oh she was married
[13:50] {fish_49} even in the pic I could see she was all into you
[13:51] {nemo} I kept having to tell her, "go talk to your husband."
[13:51] {nemo} on the boat though, wasn't much room to move
[13:52] {nemo} sheesh...had to climb OVER the tables to get more vodka
01[13:52] {Threei}  "had to?"
[13:52] {fish_49} I don't drink Vodka
01[13:52] {Threei}  you were very happy to
[13:52] {nemo} moral imperative
[13:52] {fish_49} how do you drink it ?  straight on the rocks?
[13:52] {nemo} straight or intravenously
[13:52] {nemo} no other way
01[13:52] {Threei}  I don't remember rocks
[13:53] {nemo} Yeah, I drink with Russians, and the Russians I drink with would easily kill me
[13:53] {nemo} frickin' blaspehmous
[13:54] {fish_49} why would they kill you?  are they anti american or just anti gay?
01[13:55] {Threei}  lol
[13:57] {dino} out asps 100.78, +1.18
[13:57] {fish_49} wow
[13:57] {fish_49} nice
[13:57] {nathan} wow
01[13:58] {Threei}  wtg
[13:58] {dino} pega going for 40.90 gap, nov
01[13:58] {Threei}  watching FB for bounce to short into
[13:58] {nemo} I'll give you a 2.0 on that one fish
[13:58] {fish_49} 2.0 out of ?
[13:59] {nemo} 100
[13:59] {nemo} walked into that one
[14:03] {dino} damn pega, was at 40.91
[14:03] {fish_49} no place for a stop Vad?
[14:03] {nathan} di you jump into FB?
01[14:04] {Threei}  no
[14:04] {fish_49} could bounce here
01[14:04] {Threei}  just no clear setup
01[14:11] {Threei}  grrrr
01[14:11] {Threei}  one that got away
01[14:11] {Threei}  right idea, haven't found the setup
01[14:13] {Threei}  Federal court orders Google to take down YouTube anti-Muslim video 'Innocence of Muslims'
01[14:13] {Threei}  really?
01[14:13] {Threei}  we are takign down offensive things now?
[14:13] {fish_49} huh?
[14:13] {fish_49} OMG
[14:14] {fish_49} are they going to say it will be the cause of another benghazi?
01[14:14] {Threei}  I demand taking down Inconvenient Truth, it offends me deeply as it does away with reality and insults any sane person intelligence
[14:15] {RonS} dems mountin full frontal war on free speech...someone needs to find a new Lenny Bruce...
01[14:15] {Threei}  that's OK, we can all convert to turkish lira and immigrate to Ukraine
01[14:15] {Threei}  oh wait...
[14:16] {nathan} what's going on in FB?
01[14:16] {Threei}  no news
[14:17] {nathan} are the going to buy Microsoft paint?
01[14:17] {Threei}  lol
01[14:17] {Threei}  (US) Chairman of the House Ways and Means Committee Camp (R-MI) releases details of his tax simplification plan- As previously reported the plan cuts US income tax brackets to only two (10% and 25%), phased in over five years. This would be offset by eliminating numerous and varied tax breaks that have been added into the tax code over decades. - The Camp tax plan is not expected to get much traction in Washington, but could serve as a starting point for future efforts on tax reform and simplification.
[14:18] {nemo} senate already told him to pound sand
01[14:18] {Threei}  almost bounce time, FB
[14:18] {nathan} will break the 69? :-)
01[14:19] {Threei}  I think so
[14:19] {dino} pega sm l .00
[14:19] {nemo} frickin' twtr, dropped .80 like a double diamond slope
01[14:19] {Threei} Long Setup:  FB  69 break
01[14:19] {Threei}  If holds  .90
01[14:19] {Threei}  risky one
01[14:19] {Threei}  but all bottom fishing is
01[14:19] {Threei}  1:1
01[14:20] {Threei}  1:2
01[14:21] {Threei}  man... positive for the day
[14:21] {fish_49} I missed it  but have a question
01[14:21] {Threei}  two huge clusters, losing one in the morning, winning one after that
01[14:21] {Threei}  rare occurence
01[14:21] {Threei}  normally they are mixed more evenly
01[14:22] {Threei}  why missed? it wasn't particularly fast on a break
01[14:22] {Threei}  1:3
01[14:22] {Threei}  and returned to .01
[14:25] {fish_49} Vad  so the pop up was on decreased volume  would that be an indication of a continuation down ?
01[14:26] {Threei}  why decreased? 14:20 candle is quite nice volume
[14:26] {fish_49} yes
[14:26] {fish_49} then after that on a 3 min  i see very lil vol
01[14:26] {Threei}  even karger than 14:15, largest red one up tio that point
[14:27] {fish_49} Obviously I'm wrong  it continues up
01[14:27] {Threei}  trade in progress already by that time, just manage it
01[14:27] {Threei}  standard operating procedure kicks in
[14:28] {fish_49} yea  I was  not asking about that  just tring  to learn about volume
01[14:28] {Threei}  volume is still larger on green candles than on red ones after bottoming
01[14:28] {Threei}  compare them between themselves to see how forces are distributed now
01[14:30] {Threei}  you can also view it this way:
01[14:30] {Threei}  decline after 14:15 was on decreasing volume,
01[14:30] {Threei}  which indicated sellers running out of gas
01[14:30] {Threei}  let see if this is double bottom
01[14:31] {Threei}  crap, late
01[14:31] {Threei}  too fast
01[14:31] {Threei} Long Setup:  WMT  .40 break
01[14:32] {Threei}  If holds  .34
01[14:33] {Threei}  ugh... such nice db setup
01[14:34] {Threei}  Poll: 42% of Dems Prefer Biden to Run for Prez
[14:34] {RonS} lol
01[14:34] {Threei}  please god
[14:34] {goinshort} gotta go -be back tomorrow
01[14:34] {Threei}  take care gs
[14:34] {nemo} don't worry, Secret Service will assasinate him
[14:34] {RonS} sp prez goes from joke to joker...
[14:34] {RonS} so
[14:35] {dino} he looked like the joker in those debates
01[14:37] {Threei}  I really want him to run and win primaries
01[14:37] {Threei}  for more reasons than I care to list
01[14:41] {Threei}  1:1
01[14:41] {Threei}  the most unusual day in a very long timew
[14:42] {fish_49} I'm out here at .53  thanks Sir
01[14:42] {Threei}  must be for newer guys, nathan and philip... to show the market at its worst, lol
01[14:42] {Threei}  yw
[14:42] {nathan} yeah pretty sure
[14:42] {nathan} lol
01[14:43] {Threei}  but hey... gave me a chance to show how we handle it at our best
[14:43] {_philipswich} great trading, been a pleasure to watch :)
01[14:43] {Threei}  glad to hear philip
[14:45] {nemo} gmcr below .60 could go for awhile
01[14:46] {Threei}  in some perverted way, this kind of days delivers me more joy than thw one we had on Monday, with 100% winning rate
01[14:46] {Threei}  challenge...
[14:47] {nemo} yes, like flossing with barbed wire too
01[14:47] {Threei}  and hard to get girls
01[14:47] {Threei}  guilty as charged
01[14:48] {Threei}  1/4 more out WMT
01[14:48] {Threei}  stop .49
01[14:48] {Threei}  1:2
06[14:49] * Threei makes a note to self not to let the wife read today's log
[14:50] {nathan} dinner time for me
[14:50] {nathan} see you tomorrow
[14:50] {nathan} good day for me too
01[14:50] {Threei}  take care nathan
[14:50] {nemo} fb looks iffy on this bounce
01[15:10] {Threei}  maria bartiromo joined Fox news
01[15:11] {Threei}  on top of CNN dumping Morgan, all I need now is Biden running for president
[15:11] {fish_49} lol
[15:12] {fish_49} lol
01[15:12] {Threei}  and my entertainment roster will be complete
[15:12] {fish_49} Maria is a great addition
01[15:13] {Threei}  it gets better... The Americans is back with season 2 today
[15:13] {fish_49} never watched that
01[15:13] {Threei}  russdian spy family in USA
[15:13] {fish_49} I like anything Alaska  and my wife started watching that 90 day bride thing
01[15:13] {Threei}  modern boris and natasha
01[15:14] {Threei}  only more serious
[15:14] {fish_49} she had issues with the russian girl on that show  lol
01[15:15] {Threei}  stop for the last piece to .54
01[15:16] {Threei}  1:3
01[15:16] {Threei}  out
01[15:16] {Threei}  me happy
[15:16] {thomcbell} what was that wmt vad?
[15:16] {fish_49} wow  who would have thunk it  hit .70
[15:16] {fish_49} impressive
01[15:16] {Threei}  yes thom
01[15:17] {Threei}  see fish... you make this mistake
[15:17] {darekj} ty Vad-grate job today :)
01[15:17] {Threei}  you think
01[15:17] {Threei}  darek :)
[15:17] {fish_49} mistake?
01[15:17] {Threei}  yes
01[15:17] {Threei}  you think
01[15:17] {Threei}  I don't
01[15:17] {Threei}  or at least, I think twice before thinking
[15:17] {fish_49} being up $180 dollars on a day like today I don't think was a mistake
[15:18] {fish_49} ok  I will try not to think
01[15:18] {Threei}  and if you got thosde 2 1:3ers on FB...
01[15:18] {Threei}  you will find it very liberating
[15:19] {fish_49} ohhh  if I caught that  i would be on top of the world
01[15:19] {Threei}  I have to think only when I have to explain the decision-making
[15:19] {fish_49} I'm actually proud of myself  taking TWTR shjort at .80 and getting .30 cents on the short and calling the bounce
01[15:19] {Threei}  good job
[15:20] {fish_49} your paid  to think I get paid  to follow your advice  lol
01[15:20] {Threei}  I don't believe I will be very far from truth when say" process of learning to trade in larger part isd a process of un-learning to think
[15:20] {fish_49} only 10 shares  on TWTR  just trying it as a confidence booster
[15:21] {fish_49} ok  let me show you the volume issue I was asking about  with FB  b4
[15:21] {_philipswich} thanks a lot Vad, got to go now. Bye all
01[15:21] {Threei}  yw phulup, see you tomorrow
01[15:21] {Threei}  philip
01[15:21] {Threei}  my typing, sheesh
[15:21] {fish_49} laters Philipo
[15:21] {fish_49} Philip
[15:21] {fish_49} me too
[15:24] {fish_49}
[15:24] {fish_49} this is what I was talking about  earlier
01[15:25] {Threei}  well, on a big scheme of things, look at FB
01[15:25] {Threei}  it was a lousy bounce
[15:25] {fish_49} On a 3 min chart  I watched price rise .40 cents  but  volume was decreased  significantly and my instinct was to get short which would have paid off on a scalp
01[15:26] {Threei}  and it retreated under 69 twice since then and it reatreats now again
[15:26] {fish_49} yep
01[15:26] {Threei}  another matter is, for our purposes the scale of themove was such that even that lousy bounce provided us with quite enough room to profit
01[15:27] {Threei}  (UR) US Sec State Kerry: US is considering plan to offer Ukraine $1.0B in loan guarantees plus further direct financial aid- Russian military moves against Ukraine would be a very grave, costly mistake
01[15:28] {Threei}  Kerry... Putin plays chess, you barely learned how to put checkers on the board
01[15:28] {Threei}  let alone actuaklly play them
[15:28] {fish_49} I don't trust Kerry
[15:28] {fish_49} Does he come from Mass?
[15:28] {RonS} ketchup
[15:29] {fish_49} who else do we know that is in Mass?
[15:29] {nemo} yeah, and basically works in the middle of Maryland
[15:29] {fish_49} and who else do we know that came from Maryland  but lives in Mass now?
[15:29] {fish_49} lol
[15:29] {fish_49} Checkmate I win Toad
[15:30] {nemo} he doesn't live in MA, just a mailing address
[15:36] {nemo} Are you insinuating I came from Maryland?
[15:37] {fish_49} not at all
[15:37] {nemo} good
[15:40] {thomcbell} jcp very impressive squeezing
[15:44] {fish_49} Thom  do you trade JCP?
[15:45] {thomcbell} no
[15:46] {thomcbell} i prefer 20 and above price
[15:47] {thomcbell} probably a good scalp short here
[15:47] {thomcbell} but not doing it
[15:47] {dino} do it tbell, we all did
01[15:51] {Threei}  OK guys, thank you all
01[15:51] {Threei}  have a good evening, see you tomorrow
[15:53] {darekj} good night all
[15:53] {fish_49} gn DJ
[15:54] {fish_49} later 3I