Tuesday, April 22, 2014

Apr 22 2014

Made some corrections to yesterday's strategy by cutting trades during afternoon inactivity. Result is eight winning trades ranging from scalps to 1:3, making it a "can't lose" day.

Session Time: Tue Apr 22 00:00:00 2014
[09:02] {RonS} gm, cosmo...been watching your big brother's show on tv...
01[09:02] {@Threei}  ron :)
01[09:02] {@Threei}  Kramer?
[09:03] {RonS} Cosmos
01[09:04] {@Threei}  ok... 3 brothers then
[09:05] {RonS} maybe 4, the oldest might be Cosmost...
01[09:05] {@Threei}  lol
[09:09] {RonS} always cracked me up that George Foreman named his four boys George...
01[09:09] {@Threei}  easier to remember.,..
[09:10] {RonS} understood it though since my Dad, got into this habit of naming every other three brothers before calling us by our name...
01[09:11] {@Threei}  with each next year, I can see better and better how that happens :)
01[09:19] {@Threei}  dino can't stop golfing?
[09:26] {ese} morning
01[09:26] {@Threei}  ese :)
[09:27] {nemo} spy volume low
01[09:28] {@Threei}  overall, not much drive in the market either way
01[09:29] {@Threei}  slowly floating up, cautious and ready to retreat on a moment notice
[09:29] {nemo} no retreat...Europe gonna' unleash the QE spigots
01[09:31] {@Threei} Long Setup:  C  .95 break
01[09:31] {@Threei}  If holds  .85
01[09:33] {@Threei} Short Setup: FB  .70 break hl
01[09:34] {@Threei}  1:1
01[09:34] {@Threei}  too fast for entry
01[09:34] {@Threei}  1:1  C
01[09:37] {@Threei}  FB is quite detremined this morning
01[09:38] {@Threei} Short Setup: FB  .90 break hl
01[09:39] {@Threei}  If holds  63
01[09:39] {@Threei}  valid
01[09:41] {@Threei}  half out
01[09:41] {@Threei}  .83
01[09:41] {@Threei}  stop .96
01[09:41] {@Threei}  1:1
01[09:42] {@Threei}  1:2
01[09:43] {@Threei}  1:3
01[09:43] {@Threei}  done
01[09:45] {@Threei} Long Setup:  FB  .60 break hl
01[09:45] {@Threei}  If holds  .50
01[09:46] {@Threei}  1:1
01[09:48] {@Threei} Short Setup: GLD  .05 break
01[09:48] {@Threei}  If holds  .15
01[09:51] {@Threei}  disregard, stays in a narrow range too long
01[09:52] {@Threei} Long Setup:  DAL  .75 break
01[09:52] {@Threei}  If holds  .65
01[09:53] {@Threei}  stop to .69
01[09:53] {@Threei}  touched 1:1, no fill
[09:54] {dino} gm
01[09:54] {@Threei}  hey dino
01[09:54] {@Threei}  1:1
01[09:54] {@Threei}  done golfing?
[09:55] {dino} yea, back to work for couple months
01[09:55] {@Threei}  right... as we know, golf is very stressful
01[09:56] {@Threei}  1:2
01[09:57] {@Threei}  your cortisol levels shoot up so much, you better stock up on Rhodiola
01[09:58] {@Threei}  *(US) APR RICHMOND FED MANUFACTURING: +7 V +2E
01[09:59] {@Threei}  *(US) MAR EXISTING HOME SALES: 4.59M V 4.56ME
01[10:00] {@Threei}  huh... GLD triggered after all
01[10:03] {@Threei} Long Setup:  FB  .70 break hl
01[10:03] {@Threei}  If holds  .60
01[10:05] {@Threei}  let's trail to .64... a bit too much resistance
01[10:05] {@Threei}  out
01[10:11] {@Threei} Short Setup: DAL  .90 break
01[10:11] {@Threei}  If holds  35
06[10:13] * @Threei slaps Les around a bit with a large alarm clock
01[10:14] {@Threei}  missed 4 wins...
[10:15] {Les} night shifts a bitch
01[10:16] {@Threei}  that's OK... we all have our demons to fight. Ask dino, he is being tortured by golf demon
01[10:17] {@Threei}  1:1  DAL
[10:17] {Les} huh it's a hard luck life
01[10:17] {@Threei}  that was for you personally... but I am not doing one pesonal for dp when he wakes up
[10:18] {Les} sorry, outside smelling the flowers. another one pleasee
[10:19] {Les} short the spy .84
06[10:19] * @Threei weighs a police baton in one hand and 2x4 in another
[10:20] {__pricetime} was that .90 break a simple Price Action play? thanks
01[10:20] {@Threei}  rather setup based on chart pattern
01[10:21] {@Threei}  which is actually price action, yes... but presented in a visual form easy to identify
[10:21] {__pricetime} aha yes ty
01[10:21] {@Threei}  sure thing
01[10:22] {@Threei}  frikin GLD got away
01[10:22] {@Threei}  1:3 since original trigger
01[10:23] {@Threei} Long Setup:  GM  .30 break
01[10:23] {@Threei}  If holds  .25
01[10:23] {@Threei}  just a scalp most likely
[10:26] {Les} SPY cutflat
[10:27] {nemo} low volume no selling pressure anywhere
[10:27] {Les} taking too long
[10:27] {Les} what won't go donw
01[10:27] {@Threei}  action slows down early this week
01[10:28] {@Threei}  yesterday we lost all the drive in the market about 11
01[10:28] {@Threei}  stayed locked in a narrow range into close
[10:28] {dino} mdso sm l .70
01[10:28] {@Threei}  so taking only low risk plays now, like GM
01[10:29] {@Threei}  FB worked like charm earlier
01[10:29] {@Threei}  and DAL on a long side
01[10:29] {@Threei}  and again... can't believe we canceled planned entry on GLD short
01[10:29] {@Threei}  look at this slimy bastard
01[10:30] {@Threei}  124.05 short was the idea
[10:31] {Les} typed in GME by error. Nice setup
[10:32] {dino} mdso stop is brl lod
[10:32] {dino} brk
[10:34] {dino} mdso stop -.22
[10:36] {dino}  lxk sm l .60 stop lod break
01[10:37] {@Threei}  half out GM
01[10:38] {@Threei}  stop to .29
[10:39] {Les} VXX smack into vwap resistance
01[10:42] {@Threei}  here he comes
[10:42] {dptl} good morning
06[10:43] * @Threei slaps dptl around a bit with a huge alarm clock
[10:43] {dptl} lol...no just was busy...just got back
01[10:43] {@Threei}  missed 6 winning plays, and no, I am not calling another one specifically for you
[10:44] {dptl} 6? wow
01[10:44] {@Threei}  1:3, 2 1:2s...
[10:44] {dino} scanners barely moving
[10:44] {dptl} nice :)
01[10:45] {@Threei}  US backs Ukraine, warns Russia with Biden visit
01[10:46] {@Threei}  Russia: oh yeah, we are so scared of Biden
[10:46] {dino} and his joker smile
01[10:46] {@Threei}  Biden: US to support civil society in Ukraine
01[10:47] {@Threei}  Ukraine: we have one? wow
01[10:47] {@Threei}  who let this clown out?
[10:48] {__pricetime} amazing Vad, добро жилаю. Have a great day all
01[10:48] {@Threei}  thank you
[10:51] {Les} cyrilic script... cool
[10:54] {dino} dds spike
[10:56] {dino} dds smr s .11 wide
[10:59] {ese} gotta go...too much school stuff on the go....cya tomorrow
01[10:59] {@Threei}  take care ese
[11:00] {dino} dds stop and reload smr s .33
01[11:04] {@Threei} Long Setup:  AIG  .10 break
01[11:04] {@Threei}  If holds  51
01[11:07] {@Threei}  Invalidated
[11:15] {Les} http://armstrongeconomics.com/2014/04/21/how-your-cell-phone-threatens-your-liberty/
[11:15] {Les} the future of state control
[11:16] {RonS} don't have one...
[11:16] {Les} That dead Ukrainian president uses state telecom to target text everyeone protesting
[11:17] {RonS} from the other side?
[11:17] {RonS} spooky...
[11:17] {Les} son of Nemo I name you
01[11:17] {@Threei}  lol
01[11:25] {@Threei}  Armstrong is absolutely right about IMF
[11:25] {RonS} mcd getting greasy...
[11:25] {thomcbell} cien kangaroo tail vad
01[11:25] {@Threei}  McDonald's Corp CEO: recent signs of economies stabilizing in our major markets; remain cautious on Europe - conf call- China Q1 SSS +6.6%. Plan to open 300 new China restaurants this year; on track to increase franchises from 15% in current quarter to goal of 20-25% franchise stores.
01[11:26] {@Threei}  CIEN, if bounces over .60, short with .70 resistance
01[11:28] {@Threei} Short Setup: CIEN  .60 break
01[11:28] {@Threei}  If holds  .70
[11:28] {dino} dds bs to .80
[11:29] {dino} lxk to .83
[11:30] {dino} mdso gap below around 37
[11:31] {dino} lxk to .99
[11:33] {dino} out lxk .03, +.41
01[11:34] {@Threei}  wtg
[11:34] {dino} ty
[11:34] {dino} dds stuck tighten bs
[11:36] {dino} cov dds .86, major slip, +1.47
01[11:42] {@Threei}  that's a slip, eh?
[11:42] {dino} was at .76
[11:55] {Les} scalped cien outta here a+
01[12:11] {@Threei}  (UR) Ukraine military aircraft has reportedly been struck by gunfire emanating from a town controlled by pro-Russian activists - press
[12:17] {thomcbell} met looks kind of interesting long here
01[12:33] {@Threei}  deep freeze
01[12:34] {@Threei}  not repeating yesterday's mistake, spoiling good morning with pushing trades during inactive time
[12:35] {thomcbell} yes agreed
[12:40] {dino} adding mdso calls
[12:47] {thomcbell} feye looking vulnerable here - too wide a pattern
[12:47] {RonS} they always say that about tina...
01[12:49] {@Threei}  lol
01[13:01] {@Threei}  Freddie Mac Strength attributed to chatter that GSE reform effort could be delayed- A financial blogger suggests today that "Housing-finance reform looking less likely this year"
01[13:01] {@Threei}  really
[13:01] {RonS} realized over the past several weeks that when adfn and flow show up with fair sized offers on Level II someone is trying to keep a lid on the price so they can buy lower...example mdso at 39.24
01[13:01] {@Threei}  what's the rush
01[13:01] {@Threei}  just 6 years since housing meltdown, why would we want to reform that so soon
01[13:02] {@Threei}  Ron... you may want to review scalping video course, part about level 2 use :)
[13:03] {RonS} ya well, you taught me this stuff...
01[13:04] {@Threei}  there was even an acronym
01[13:04] {@Threei}  NITBB
01[13:04] {@Threei}  no intention to buy bids
01[13:04] {@Threei}  and NITSO
01[13:04] {@Threei}  (I'll wait for you to decode that :) )
[13:05] {RonS} :) ) = smile from a guy with a double chin?
01[13:05] {@Threei}  and a week or two ago nemo posted a link to SEC idiots prosecuting some small prop firm for that
01[13:05] {@Threei}  stuff old as market itself
01[13:07] {@Threei}  no, it's a smile within brackets
01[13:08] {@Threei}  Acting President of Ukraine Turchynov ordered the nation's security forces to restart the anti-terrorist operation in the east of the country.
01[13:08] {@Threei}  Putin: finally!
01[13:10] {@Threei}  New York Times: With sharp rebuke to Russia, Biden... (I couldn't read the rest)
[13:29] {nathan} hi gents
01[13:29] {@Threei}  hey nathan
[13:29] {nathan} how was the morning?
01[13:29] {@Threei}  7 wins, 1 stop
[13:30] {nathan} good ratio
[13:40] {RonS} lol: Florida Man Tries to Keep Low Profile Hauling 800lb Shark in Pick-Up Truck … pic.twitter.com/tlaJ4h7bG0
01[13:40] {@Threei}  lol
[13:47] {dino} wag spike
[13:48] {dino} smr s .84 wag
[13:48] {dptl} nem interesting here on pullback
[13:49] {RonS} sune now
[13:50] {RonS} hearing sune news re einhorn
01[13:51] {@Threei}  SUNE Ticking higher on circulation of letter from Greenlight Capital asserting valuation should be as high as $35/shr
[13:52] {dino} conn spike
[13:53] {thomcbell} wow that sune traded a ton of volume in last 5 minutes
[13:53] {RonS} sune 52 mil sh short
[13:54] {RonS} smoke 'em if you got 'em...
[13:56] {dino} cov wag .34, +.50
[13:57] {RonS} gj, dino wag's the tail...
[13:57] {dino} lol, ty
[14:00] {RonS} mdso thicker than oprah after going to Popeye's...
[14:01] {dino} lol
[14:01] {thomcbell} lord god Ron
[14:01] {dino} put a liitle dds s on .07, missed posting, sidetracked w/wag
[14:08] {dino} cov dds .74, +.33
[14:11] {RonS} 3i, fyi Popeye's is a fried chicken chain popular with US blacks and activley slobbered over on air by oprah...
[14:12] {RonS} actively...in case the spelling police show up...
[14:13] {RonS} conn still running
[14:15] {RonS} conn turned
[14:16] {dino} wag spikes again
01[14:21] {@Threei}  got it Ron
01[14:21] {@Threei}  it was lost on me as you guessed :)
[14:23] {dptl} watching pep for .20 break short
[14:25] {RonS} conn run on greenlight too
[14:27] {dino} pumping his own book
01[14:30] {@Threei}  US official: People in Ukraine's east enthusiastic about presidential election - yup, about as much as they are about gonorrhea
01[14:31] {@Threei} Short Setup: MCD  .20 break hl
01[14:31] {@Threei}  If holds  .30
01[14:36] {@Threei}  Invalidated
[14:36] {dino} mdso gap fills
[14:39] {dino} mdso hl l .50
[14:40] {thomcbell} sune pretty impressive back and fill
[14:51] {dino} mdso stop
[14:55] {dino} rinsed
01[15:03] {@Threei}  (UR) EU reportedly agrees to delay any new sanctions on officials related to the Crimea issue in light of Geneva agreement; additional sanctions to be implemented if Geneva agreement fails
01[15:03] {@Threei}  just as we assumed - Crimea is written off
01[15:04] {@Threei}  which sends a mesage: as long as you just do what you want and wait it out, howling will remain just that, and will die down with time
[15:06] {cosmo} howling dies down because of the SSRI's
01[15:07] {@Threei}  I need a decoder ring...
[15:08] {cosmo} looking...
01[15:08] {@Threei} Short Setup: MCD  .50 break
01[15:08] {@Threei}  If holds  .60
01[15:12] {@Threei}  Wall Street Journal: Tensions flare in eastern Ukraine despite Biden warning to Russia
01[15:13] {@Threei}  can you believe it... they defy him
[15:13] {dino} nbr little spike
01[15:18] {@Threei}  1:1
[15:22] {dino} mdso hl l .75
[15:23] {dino} out .05,
[15:23] {dino} +.30
01[15:24] {@Threei}  wtg
[15:24] {thomcbell} WB coming back towards the pivot may look for a long setup
[15:25] {dino} ty
[15:26] {dino} gap fill and run, i played it wrong
[15:27] {nathan} have fun gents
[15:27] {nathan} see u tomorrow
01[15:27] {@Threei}  take care nathan
01[15:30] {@Threei}  closed on a trail
[15:31] {dino} klic spike
01[15:36] {@Threei}  OK guys, great day we had. Allow me to leave early as wife is a birthday girl today and requires due attention
01[15:36] {@Threei}  have a good evening, see you tomorrow
[15:36] {thomcbell} alright Vad take care happy bday
[15:36] {RonS} have a nice evening
01[15:36] {@Threei}  ty
01[15:37] {@Threei}  KLIC dino: Kulicke & Soffa Industries Inc. Lemelson Capital Management announces stake, delivers letter to management and board members urging immediate share repurchase