Tuesday, April 8, 2014

Apr 08 2014

Trading punches all day - win one, lose one. Glad to finish it with a 1:3er on IWM


Session Time: Tue Apr 08 00:00:00 2014
[08:58] {dptl} good morning
01[08:59] {@Threei}  dp :)
[09:07] {dino} gm
01[09:07] {@Threei}  dino :)
[09:14] {RonS} gm...icld downpour
01[09:14] {@Threei}  ron :)
[09:17] {RonS} hmc wreck
[09:18] {RonS} main break
01[09:18] {@Threei}  that's how you discuss state problems: http://www.independent.ie/videos/fist-fight-breaks-out-in-ukrainian-parliament-30166380.html
01[09:19] {@Threei}  considering that speaker at the time is box world champion, politics is dangerous profession
[09:26] {dino} gimo
[09:27] {ese} morning
01[09:27] {@Threei}  ese :)
[09:29] {ese} sad....Bob Geldof's daughter dead at age 25
01[09:30] {@Threei} Short Setup: C  .50 break
01[09:30] {@Threei}  If holds  .60
[09:36] {dino} .
01[09:36] {@Threei}  held by fingertips
01[09:37] {@Threei}  stop to .56
01[09:38] {@Threei} Long Setup:  TZA  .70 break
01[09:39] {@Threei}  If holds  .65
01[09:39] {@Threei}  out C
01[09:42] {@Threei}  [FNMA] Senator Brown (D-OH): Not expecting the new GSE legislation to pass in 2014
01[09:42] {@Threei}  really, what's the rush
01[09:43] {@Threei}  meh TZA
01[09:44] {@Threei} Short Setup: RIO  .50 break
01[09:44] {@Threei}  If holds  .55
[09:45] {thomcbell} cien 20.70 short break if holding 20.80
[09:47] {dino} gimo smr l .49
01[09:47] {@Threei}  TZA rinse
[09:48] {dino} gild blood
01[09:49] {@Threei}  sheesh TZA
01[09:49] {@Threei}  that's just cruel
[09:49] {thomcbell} cien 1:1
[09:50] {dino} gj
01[09:50] {@Threei}  TGT...
[09:51] {thomcbell} cien 1:2
[09:51] {dino} open gaps filled
01[09:51] {@Threei}  1:1  RIO
[09:52] {thomcbell} cien stop to 20.68
[09:54] {dino} gild smr l .50
[09:54] {dptl} watching hal with long idea
01[09:56] {@Threei} Long Setup:  YHOO  .30 break
01[09:56] {@Threei}  If holds  .20
01[09:57] {@Threei}  Invalidated
01[09:59] {@Threei}  two-sided now
01[09:59] {@Threei}  .20 break short
[10:01] {dptl} in hal long ....stop .95
[10:01] {dptl} out some
[10:03] {dino} gimo stop .18 -.21
[10:03] {dino} opps -.31
01[10:05] {@Threei} Short Setup: TGT  .20 break
01[10:05] {@Threei}  If holds  .30
[10:06] {dino} db hl l .30
[10:08] {dino} wwe trig .00 break l
01[10:09] {@Threei}  ok TGT... target that 1:3 now
[10:10] {dptl} stop to .04 hal
[10:10] {Les} frik that. 1:6 for a 100% discount please tgt
[10:14] {dptl} stop to under .10 hal now
[10:15] {ese} L ddd .70
[10:16] {ese} brutal spreads on this sucker
[10:16] {dptl} 1:2 hal out more
[10:18] {dino} mrkets can't figure out which way to go
[10:18] {dino} gj dp
01[10:18] {@Threei} Long Setup:  TZA  .05 break
01[10:19] {@Threei}  If holds  .95
01[10:19] {@Threei}  aggressive for .10 break
[10:20] {dino} wwe stop .73 -.27
01[10:20] {@Threei}  which, if we get anything like yesterday, should start larger move
[10:20] {dptl} out balance hal
[10:21] {RonS} gimo sm l .80 s/l .60
01[10:21] {@Threei}  1:1  TZA
[10:21] {dino} nice one
01[10:22] {@Threei}  let the panic begin
01[10:23] {@Threei}  1:1  TGT
01[10:23] {@Threei}  1:2  TZA
01[10:28] {@Threei}  good boy SPY
01[10:29] {@Threei}  die more
01[10:33] {@Threei}  closed on a trail
[10:33] {dino} gild l .71
[10:40] {dino} out gild .12, +.41
[10:41] {RonS} gj
[10:41] {dino} ty
[10:47] {RonS} pbyi hit again
[10:48] {thomcbell} looking for a long setup DAL
01[10:48] {@Threei}  SU
01[10:48] {@Threei}  starts looking like overextended
[10:49] {dino} pbyi wants that 50 gap i guess
[10:49] {dino} 118-77 in 24 hours
[10:50] {thomcbell} dal 33.11 long break if holding 33
01[10:51] {@Threei} Short Setup: GLD  .10 break
01[10:52] {@Threei}  If holds  .20
[10:56] {thomcbell} DAL 1:1
01[10:56] {@Threei}  SU non-stop
[10:57] {thomcbell} cog 34 long break if holding 33.90
[10:57] {nemo} dal is #1 weak...this is vwap  they usually drop around here, unless the market takes off here
[10:59] {dptl} watching hal again
[11:00] {dino} gimo smr l .86
[11:01] {dptl} long hal
[11:03] {dptl} stop under .17
[11:04] {dino} wwe smr l .75
[11:04] {thomcbell} stop to 33.11 on DAL
[11:04] {nemo} see how market going up and DAL having trouble
01[11:04] {@Threei}  stop to .16
01[11:05] {@Threei} Short Setup: SU  .50 break
01[11:05] {@Threei}  If holds  .60
[11:06] {dptl} half out hal
[11:06] {thomcbell} flattening cog break even
[11:06] {thomcbell} its flaccid
[11:12] {dptl} out flat balanca hal
01[11:12] {@Threei}  change SU trigger to .55 break
01[11:12] {@Threei}  If holds  .62
[11:16] {thomcbell} DAL 1:2
01[11:17] {@Threei}  wtg
[11:17] {dino} 07 running green
[11:17] {nemo} after last few days we should sstay that way
[11:17] {dino} btfd
[11:18] {nemo} not sure it's the same, just after such a drop, plus they went below the 50 day again, this makes sense
[11:22] {thomcbell} bokking rest of DAL herre
[11:22] {thomcbell} booking
[11:22] {nemo} getting an aisle seat?
01[11:24] {@Threei}  on short haul flights, take the window
[11:25] {dino} out db .54, +.24
01[11:35] {@Threei}  meh
[11:39] {RonS} rovi whacked
[11:40] {dptl} short vlo
01[11:42] {@Threei} Short Setup: TGT  .25 break
01[11:42] {@Threei}  If holds  .30
01[11:46] {@Threei}  1:1
[11:48] {RonS} rovi wade into the deep
01[11:49] {@Threei} Long Setup:  TZA  .80 break
01[11:49] {@Threei}  If holds  .75
01[11:55] {@Threei}  meh
[11:55] {dptl} out flat vlo
[11:56] {dptl} well -.02
[12:05] {thomcbell} spwr trades very heavy here
[12:05] {thomcbell} despite fslr and jks strength
[12:06] {dptl} long disca half lot
[12:09] {dino} rovi smr l .97
[12:10] {ese} am outta here all...am long avg .70    will be out of it i'm sure  by the end of the day
[12:10] {ese} thats L ddd
01[12:10] {@Threei}  long what?
01[12:10] {@Threei}  ah
[12:11] {ese} have a sell in at 54.50  we'll see what happens
[12:11] {thomcbell} SAVE bouncing - took them a while to get to this IBD 50 name
[12:12] {thomcbell} just tested 50sma today
[12:12] {dptl} hah...out disca....lunch i guess
01[12:13] {@Threei}  no direction at the moment
01[12:14] {@Threei}  let's wait for market to decide
[12:14] {nemo} mpc
[12:14] {dptl} yeah...taking a break
01[12:14] {@Threei}  otherwise it will be like this, trading punches
01[12:14] {@Threei}  win one, lose one
[12:19] {dino} rovi stop .78 -.19
[12:29] {dino} rovi l .91
[12:33] {dino} stop again -.20, wtf
01[12:33] {@Threei}  jerk-around time
[12:33] {nemo} trade winds in the indexes dino
[12:33] {RonS} 100 mil sh outstanding...
[12:34] {dino} air pockets, had 21.04 then collapsed
[12:43] {dino} rovi loses patent case vs amzn
01[13:05] {@Threei}  SPY loss of .80 as start of downtrend, maybe
01[13:10] {@Threei}  not yet
[13:16] {dptl} i am back from lunch :)
01[13:17] {@Threei}  going to report the menu?
[13:17] {dino} thx for letting us know
[13:17] {dptl} lol
[13:23] {dino} spy naz hod
[13:24] {dptl} watching hal again
[13:27] {dptl} half out
01[13:27] {@Threei}  half out of watching?
[13:28] {RonS} lol
[13:28] {RonS} ...closed one eye?
01[13:28] {@Threei}  one and half in my case
01[13:28] {@Threei}  takes a lot of practice...
[13:31] {dptl} lol....sorry didt have time to post it...took .50 break
01[13:34] {@Threei}  anyone doubts how difficult it is, try to close half eye - not half-close it, but close lesft side while keeping right side open
[13:38] {dptl} stop to .54
01[13:43] {@Threei}  this just has to be the most weird and werdly funny photo and caption I;ve seen on Ukraine theme:
01[13:43] {@Threei}  http://www.kyivpost.com/content/ukraine/lavrov-thanks-angolan-counterpart-for-understanding-russian-stance-on-ukraine-342598.html
[13:44] {dino} gimo to .16, all dayer
01[13:44] {@Threei}  seriously? Angola approves?
[13:45] {dino} reverse slip out gimo .19, +.33
[13:45] {dptl} out hal
01[13:46] {@Threei}  I understand second stage of tearing Ukraine apart has started... quite strange to real;ize that very soon the country I haul from may no longer exist
[13:46] {dino} pretty much sucks
[13:46] {dptl} yeah
01[13:46] {@Threei}  from the point of view of world security, very much
01[13:47] {@Threei}  that signals that there is no more adult supervision
01[13:47] {@Threei}  borders are not borders, rules are not rules, agreemtns are not agreements
01[13:47] {@Threei}  might makes right
01[13:48] {@Threei}  in that world, USA better restore its might quickly
01[13:48] {@Threei}  because whoever says whatever about USA, the ruule of anyone else will be way worse
[13:50] {dino} unfortunately 2 more years of dip shit, world is in trouble
01[13:50] {@Threei}  especially considering that every dictator or aspiring dictator in the world is in nad rush to accomplish as much as possible in these 2 years
01[13:51] {@Threei}  mad
[13:51] {dino} more will fall
01[13:51] {@Threei}  watch Iran becoming nuclear country before 2 years run out
[13:51] {dino} indeed
[13:52] {dino} and keep eyes on china and n.korea
01[13:52] {@Threei}  and Putin restoring as much of former USSR sphere of influence as he can afford
[13:53] {cosmo} i thought he was Czarist in sentiment
[13:53] {Les} such is the cycle
01[13:53] {@Threei}  (with Angola approval of course)
[13:53] {dino} i would not want to be taiwan counting on obummer to back us up
01[13:54] {@Threei}  mix of Tsarist and Stalinist, cosmo
[13:54] {cosmo} oh
01[13:54] {@Threei}  with heavy emphasis on latter
[13:54] {cosmo} sigh
01[13:55] {@Threei}  who knows Stalin's book, can't help but be amazed how Putin takes page after page from it
[13:55] {cosmo} kgb training
01[13:56] {@Threei}  yup
[14:00] {dptl} watching gild
[14:01] {dptl} short idea
[14:02] {dptl} oops mised it
[14:03] {dino} every few days gild goes from 74-69
[14:03] {dino} was thinking take a sm swing long on it
[14:08] {dptl} would of been another just a scalp
01[14:08] {@Threei}  yup
01[14:08] {@Threei} Long Setup:  TZA  .70 break
01[14:09] {@Threei}  If holds  .60
[14:09] {nathan} gi gents
[14:09] {nathan} hi
01[14:09] {@Threei}  hey nathan
01[14:10] {@Threei}  that SPY support at .80 is in play again
[14:12] {dino} out leftover panw from yesterday 64.49, +4.39
01[14:12] {@Threei}  while is hasn't triggered, let me brag about one of the best shots I've taken this year:
01[14:12] {@Threei}  https://www.facebook.com/photo.php?fbid=630944820318370&set=a.488848774527976.1073741828.483178015095052&type=1&theater
01[14:12] {@Threei}  wtg dino
01[14:12] {@Threei}  some score
[14:13] {dptl} wow
[14:13] {nathan} wow
[14:13] {dptl} nice Vad
01[14:13] {@Threei}  my favorite reaction
[14:13] {dino} thx smr shares
01[14:14] {@Threei}  from the same photoshoot, https://www.facebook.com/photo.php?fbid=631408486938670&set=a.488848774527976.1073741828.483178015095052&type=1&theater
[14:14] {dptl} Dino, nice one
[14:15] {dino} ty
[14:15] {dptl} where is it Vad?
01[14:15] {@Threei}  butterfly gardens
[14:15] {nathan} dino would you u show me how to do this?
01[14:16] {@Threei}  (I contemplated answering that I went to Kingo jungles for these two shots, but...)
01[14:16] {@Threei}  Kongo
01[14:16] {@Threei}  ok TZA
[14:16] {dino} sure nat, just grab one and hope
[14:16] {dptl} :)
01[14:16] {@Threei}  showtime
[14:16] {nathan} and pray?
[14:16] {dino} wwe stop .44 -.31
01[14:17] {@Threei}  it's easy nathan... see the price at the bottom, gently push buy button... see the price at the top, push sell...
[14:17] {thomcbell} mu 22.20 short break if hlding 22.30
[14:17] {thomcbell} couldnt type fast enuf
[14:17] {thomcbell} might look to short above 22.25 rally
[14:18] {nathan} :-)
01[14:18] {@Threei}  this TZA drive should be finally the move
01[14:20] {@Threei}  (US) Fed/FDIC: approves move to vote to increase leverage ratios for 8 largest banks- Largest banks would need to raise approx $68B in additional capital - The new capital rules strengthen the safety and soundness of banking organizations both by improving the quality of what constitutes regulatory capital and by requiring banking organizations to hold more capital. Specifically, the minimum tier 1 capital ratio was raised from 4 to 6 percent of risk-weighted assets, and a new minimum common equity tier 1 capital ratio of 4.5 percent of risk-weighted assets was established.
01[14:21] {@Threei}  1:1
01[14:22] {@Threei}  come on TZA, don't be a scalp
01[14:22] {@Threei}  you can do much better
[14:22] {nemo} iwm bounce here
01[14:25] {@Threei}  ugh
01[14:25] {@Threei}  out second half pn trail
01[14:26] {@Threei} Long Setup:  VXX  .50 break
01[14:26] {@Threei}  If holds  .40
01[14:27] {@Threei}  Invalidated
[14:27] {dino} pretty good drop
[14:28] {dino} vjet blood
01[14:28] {@Threei}  watching for better entry
[14:29] {Les} IWM DB I fear misse d.40 entry
01[14:35] {@Threei}  I don't see a meaningful bounce in cards... downward bound, IMO
01[14:36] {@Threei}  VXX valid
01[14:36] {@Threei}  .50 break
[14:37] {Les} yeh, vwap willing
[14:41] {dptl} got to leave early again....see ya tomorrow all
01[14:42] {@Threei}  come on, fun only starts
[14:43] {dptl} :) fun will be tomorrow again
[14:43] {nemo} Fed minutes tomorrow
01[14:50] {@Threei}  grrr
[14:51] {Les} zero follow thru. Market still frikin around
01[15:01] {@Threei} Short Setup: JPM  .60 break
01[15:01] {@Threei}  If holds  .70
[15:12] {nathan} that's crazy
01[15:15] {@Threei}  not liking today's afternoon... yesterday was much better
[15:15] {dino} strange few days
[15:15] {nathan} since friday...
[15:16] {dino} wednesday i think naz started to take big hits
[15:16] {dino} naz dropped }5% on 5 days
[15:16] {dino} on=in
01[15:17] {@Threei}  sigh
[15:17] {nathan} oh well
[15:17] {nathan} see you tomorrow
01[15:18] {@Threei} Long Setup:  IWM  .55 brak
[15:18] {dino} sometimes i look at that quickly and think you're saying sign for a trade
01[15:18] {@Threei}  last attemopt
[15:18] {dino} cya nat
01[15:18] {@Threei}  take care nathan
01[15:18] {@Threei}  I capitalize symbols, dino :)
[15:19] {dino} lol, never really thought about that
01[15:22] {@Threei}  come on IWM... if shorts don't work, long should, don't you think?
01[15:22] {@Threei}  break that .60
01[15:22] {@Threei}  and fly
01[15:23] {@Threei}  fly like wind
01[15:23] {@Threei}  or bird
01[15:23] {@Threei}  or plane
01[15:23] {@Threei}  or whatever
01[15:23] {@Threei}  1:1
01[15:26] {@Threei}  1/4 more out
[15:26] {dino} pro spike
01[15:26] {@Threei}  1:2 close enough
01[15:27] {@Threei}  1:2
[15:27] {dino} gj
01[15:28] {@Threei}  nathan left at the worst moment possible
01[15:28] {@Threei}  30 seconds before winning call
[15:28] {cosmo} sacrificial lamb
[15:29] {cosmo} i've been there
01[15:34] {@Threei}  stop to .69
01[15:35] {@Threei}  will try for 1:4
01[15:35] {@Threei}  1:3
01[15:36] {@Threei}  stop for the last piece is still .69
[15:36] {goinshort} 1:3 nice V !!!
01[15:38] {@Threei}  :)
[15:41] {thomcbell} good night all
01[15:42] {@Threei}  take care thom
[15:42] {Les} aaaaaaaa+
01[15:44] {@Threei}  out on a trail
01[15:44] {@Threei}  glad to finish with strong trade
01[15:44] {@Threei}  thank you all, have a great evening
01[15:44] {@Threei}  see you tomorrow
[15:53] {dino} gn