Thursday, May 1, 2014

May 01 2014

Flat day, which we started well with a few nice wins, but let them evaporate on a few too many stops in the afternoon. 

Session Time: Thu May 01 00:00:00 2014
[08:45] {cosmo} Silver getting cheap, fwiw
[08:46] {cosmo} ...below 19
01[08:46] {@Threei}  will be cheaper still...
[08:46] {cosmo} o
[08:46] {cosmo} k
[08:48] {Phil} good monrning all
01[08:48] {@Threei}  phil :)
[09:07] {nathan} good morning gents
[09:07] {thomcbell} look at coh daily and weekly chart
01[09:07] {@Threei}  nathan :)
[09:07] {thomcbell} 40 massive level
01[09:08] {@Threei}  double top or breakdonw followed by a horror movie, thom
01[09:08] {@Threei}  diouble bottom, sorry
[09:09] {nathan} wow too much news today
[09:09] {nathan} is it safe?
[09:10] {dino} gm
01[09:10] {@Threei}  dino :)
01[09:10] {@Threei}  what do you mean nathan?
[09:10] {goinshort} morning all!
01[09:10] {@Threei}  gs :)
[09:11] {nathan} with many companys publishing earnings before and after....
01[09:11] {@Threei}  what do you care? play setups
01[09:12] {@Threei}  it's not like you need to take position before earnings and wait to see how it turns out
[09:13] {dptl} good morning
01[09:13] {@Threei}  dp :)
[09:15] {nathan} yep but,...you're right. I may have the "false senstation" that opening a position when the co is publishing or have published earnings was not a good idea
[09:16] {dino} whatever you do, don't take position before earnings, lots of earnings reports are getting killed (5-20 pts)
01[09:16] {@Threei}  right
[09:16] {nathan} ok
01[09:16] {@Threei}  plus, why do you have to play those with earnings?
01[09:16] {@Threei}  trade any other
[09:17] {nathan} right
[09:21] {RonS} hello everyone
[09:21] {nathan} hi rons
01[09:21] {@Threei}  ron :)
[09:26] {dino} nathan, "better worlds" theory of trading
[09:26] {Alexs} gm
01[09:26] {@Threei}  alex :)
01[09:28] {@Threei}  watching TZA and GLD for opening trades (long and short correspondingly)
01[09:29] {@Threei}  unless something else jumps in
[09:30] {nathan} is that a book dino?
[09:30] {nathan} tlak about that later dino
01[09:30] {@Threei} Short Setup: GLD  .10 break
01[09:30] {@Threei}  If holds  .20
01[09:31] {@Threei} Long Setup:  TZA  .30 break
01[09:31] {@Threei}  If holds  .25
01[09:32] {@Threei}  valid
01[09:33] {@Threei}  1:1
[09:33] {thomcbell} watching cop for a double top
01[09:33] {@Threei}  nice and easy
[09:33] {nathan} 1:1
[09:33] {nathan} ty vad
01[09:33] {@Threei}  yw
[09:33] {dptl} out ty
01[09:33] {@Threei}  Invalidated  GLD
01[09:34] {@Threei}  1:2
01[09:34] {@Threei}  don't you love them when they behave like this
[09:34] {nathan} :-)
[09:35] {thomcbell} coh lovely
01[09:35] {@Threei}  out in full
01[09:35] {@Threei}  nice one thom
[09:37] {nathan} wow SLM
01[09:38] {@Threei} Short Setup: YHOO  36 break
01[09:38] {@Threei}  If holds  .10
01[09:39] {@Threei}  Invalidated
01[09:40] {@Threei} Short Setup: EBAY  .60 break hl
01[09:40] {@Threei}  If holds  .70
01[09:41] {@Threei}  TZA .50 exit was just right
[09:42] {Les} got DAS feed issues here
[09:44] {dino} slm hl l .20 stop lod
01[09:44] {@Threei}  *(US) APR FINAL MARKIT MANUFACTURING PMI: 55.4 V 55.4E
01[09:46] {@Threei} Long Setup:  FB  .10 break hl
01[09:46] {@Threei}  If holds  61
01[09:47] {@Threei}  1:1
[09:49] {dino} fb swing stop to .96
01[09:49] {@Threei}  1:2
01[09:50] {@Threei}  1:3
01[09:50] {@Threei}  out
[09:50] {dino} \gj
[09:51] {nathan} gj
01[09:51] {@Threei}  ty
[09:51] {nemo} fb problbaly going to .60ish and then maybe the whole
[09:54] {thomcbell} cop
[09:54] {thomcbell} didnt work how i thought but man
[09:57] {thomcbell} coh 43.57 short break
[09:58] {thomcbell} 1:1
[09:58] {dptl} sbux .45 short?
01[09:59] {@Threei}  no
[09:59] {dptl} k
[09:59] {Les} ebay .50 long?
01[09:59] {@Threei}  *(US) MAR CONSTRUCTION SPENDING M/M: 0.2% V 0.5%E
01[09:59] {@Threei}  *(US) APR ISM MANUFACTURING: 54.9 V 54.3E; PRICES PAID: 56.5 V 59.5E
[10:00] {Les} nope
01[10:00] {@Threei}  EBAY, tough... not sure
[10:00] {thomcbell} coh 1:2
[10:00] {dino} smr l yrcw .44
[10:00] {thomcbell} hds 26 short break if holding 26.10
[10:01] {nathan} stoped at SLM
[10:02] {dptl} nbr .20  break short?
[10:02] {dino} slm stop -.11
01[10:03] {@Threei}  no read NBR
[10:04] {dptl} ahh..i got in on .20 break
[10:04] {dino} jah crazy daily
[10:05] {Les} dip buyers are getting bolder. SPY 188 bounces again. wiating for another entry
[10:05] {dino} ocn smr l .04
[10:07] {dino} ocn stop .79 -.25
01[10:07] {@Threei} Long Setup:  YHOO  .25 break
01[10:07] {@Threei}  If holds  .20
[10:08] {dino} ocn f'ng rinse
[10:09] {dino} prlb drop
01[10:15] {@Threei}  meh
[10:15] {dptl} stopped yhoo
[10:16] {dino} out fb swing .96 from monday, +4.21
01[10:16] {@Threei}  too bad... was once step from 1:1 when market suddenly lost will to live
01[10:16] {@Threei}  wtg dino
[10:16] {dptl} out nbr +.12
[10:16] {Alexs} nice trade dino
[10:16] {dino} ty
[10:17] {dino} prlb smr l ave .10
[10:17] {ese} mornin....anyone filthy rich yet......
[10:17] {dino} pulp
01[10:17] {@Threei}  same market drop saved your NBR, dp :)
01[10:17] {@Threei}  hey ese
01[10:17] {@Threei}  dino is
[10:17] {nathan} gj dino!!!
[10:17] {dino} lucky on fb swing
[10:17] {ese} mornin vad
[10:17] {nathan} how many shares?
[10:17] {dino} 600
[10:18] {nathan} wow
[10:18] {dino} rgr spike
01[10:18] {@Threei}  nathan hasn't seen ese share sizes yet :)
[10:18] {ese} vad...had you ever been in Crystal gardens when you first moved here....it used to be a tropical forest
[10:19] {nathan} :-)
01[10:19] {@Threei}  they weren't when I did... it was before my time
[10:19] {ese} am meeting victoria former mayor Alan Lowe down there in about 45 minutes
[10:19] {ese} he's the organizer of a 100th anniversary celebration that my high school band is a part of
[10:21] {ese} anyway....just poping in to say hello to you all....have a great everyone.....hopefully be here tomorrow
01[10:21] {@Threei}  we will be here ese
[10:21] {ese} indeed
01[10:26] {@Threei} Long Setup:  TZA  .55 break
01[10:26] {@Threei}  If holds  .50
[10:27] {dino} eqm spike
[10:29] {dino} out yrcw .84, +.40
01[10:31] {@Threei}  wtg
01[10:32] {@Threei}  meh
[10:32] {dptl} stopped tza
[10:32] {dino} ty
[10:34] {dino} damn fb stop was too tight
01[10:37] {@Threei} Short Setup: DAL  .40 break
01[10:37] {@Threei}  If holds  .50
[10:41] {dino} sm smr l .00
[10:41] {thomcbell} fnsr 25.68 long break if holding 25.60
[10:42] {dino} out prlb flat
01[10:44] {@Threei}  let's trail to .46
[10:46] {thomcbell} fnsr 1:2
[10:48] {thomcbell} took the trade in fnsr
[10:49] {dino} gj
01[10:51] {@Threei}  gosh, come on already DAL
01[10:51] {@Threei}  1:1
01[10:51] {@Threei}  stop .41
[10:55] {dino} sm to .42
[10:56] {dino} out sm .41, +.41
[11:00] {dino} ibtx drop
[11:09] {dptl} out dal ty
01[11:10] {@Threei}  1:2
01[11:10] {@Threei}  yw
[11:11] {dino} gj
01[11:12] {@Threei}  ty
[11:14] {dino} myl gap fill
[11:16] {goinshort} out dal - thanks
[11:17] {dino} myl smr l .75
[11:19] {dino} stmp soike
[11:22] {dino} myl stop -.35
[11:25] {thomcbell} hs 79.26 long break if holding 79.16
[11:29] {dptl} do you like M short Vad? .80 break?
[11:30] {thomcbell} hd 1:1
01[11:31] {@Threei}  yup, nice chart
01[11:31] {@Threei}  yw gs
[11:31] {thomcbell} hd 1:2
[11:31] {dino} myl last try hl l .69
[11:31] {dptl} if holds .90
[11:32] {dino} ibtx blood, thin
[11:32] {dptl} no inval.
[11:33] {thomcbell} stop on hd to 79.44 on balance
[11:33] {dino} azn spike
[11:35] {thomcbell} hd 1:3
[11:35] {dino} azn smr s .46
[11:37] {dino} out myl .94,
[11:37] {dino} +.25
[11:38] {dino} azn news?
[11:40] {dino} cov azn .76, +.70
01[11:47] {@Threei}  AstraZeneca Plc Pfizer said to be considering raising offer for the company to higher than $106B, with an increased cash component
01[11:48] {@Threei}  DAL baby
01[11:48] {@Threei}  out in full
01[11:48] {@Threei}  1:3 is close enough
[11:48] {Phil} nice :)
01[11:48] {@Threei}  took its sweet time
[11:53] {dino} thx vad, out already
01[11:54] {@Threei}  :)
[11:57] {Les} yhoo
[12:00] {dptl} watching m again
[12:04] {dino} vrtx spike
[12:04] {dptl} Vad, do you like coh 44 break short?
01[12:05] {@Threei}  I do
01[12:05] {@Threei}  just respect lunch time
01[12:05] {@Threei}  half lot maybe?
[12:06] {dptl} k
01[12:06] {@Threei}  IMF says Ukraine needs modified bailout if it loses the east
[12:06] {thomcbell} if or when
01[12:06] {@Threei}  heh... remember once the world was all riled up about Crimea?
01[12:06] {@Threei}  no one even talks about it anymore
01[12:07] {@Threei}  now they started admitting it's possible for Ukraine to be broken up
01[12:07] {@Threei}  next, they will inform Russia that they don't recognize those parts as part of Russia
01[12:07] {@Threei}  and next yet, everyone stops talking about it
01[12:08] {@Threei}  and thom, as far as I can see, it's not IF... I even tnink I can answer "when" question
[12:08] {dptl} i'll keep .06 stop on coh
01[12:09] {@Threei}  Kerry says US know exactly who is ordering the separatists in Ukraine
01[12:09] {@Threei}  really... is it that cimplicated?
[12:10] {Phil} I don't know why they can't just have a UN monitored referendum
[12:11] {Les} I like what armstrong says on Kerry
01[12:11] {@Threei}  because they wouldn't be able to make it 93% then, Phil
01[12:12] {@Threei}  don't assume Putin is interested to find out what they really think
[12:12] {Les} http://armstrongeconomics.com/2014/04/29/kerry-said-nato-territory-will-be-defended-to-every-inch/
01[12:12] {@Threei}  he simply needs a pretext, and he creates it
[12:13] {Alexs} where did you raed it about IMF remarks Vad?
[12:13] {Alexs} raed = read
01[12:14] {@Threei}  http://www.reuters.com/article/2014/05/01/us-ukraine-crisis-imf-idUSBREA400J520140501
[12:15] {Alexs} Oh, so they are planning to give them more money in that case )
01[12:16] {@Threei}  and Putin says "hey, that's a great idea! I will happily take that!"
[12:16] {Alexs} rofl
[12:16] {Les} yeh american taxpayers are paying for it
01[12:17] {@Threei}  I have to say, IMF is a rare collection of imbeciles
[12:17] {Alexs} But listen, it could be interesting for new ukraine gov as well
01[12:17] {@Threei}  they do hope to manage to steal some before they lose whole country, sure
[12:18] {Alexs} lol
01[12:18] {@Threei}  good article Les
[12:18] {nemo} elephants flying?
01[12:18] {@Threei}  as I usually do, I find Armstrong figuring it out exactly right
01[12:19] {@Threei}  and I have answer to this rhetorical question of his:
[12:19] {Les} I like him cause he don't need the money. just scared shitless for his kids like other intelligent people
01[12:19] {@Threei}  Once Russia believes it is invincible, who is then next?
[12:20] {nemo} Afghanistan
[12:20] {dino} lol, let them have it
01[12:20] {@Threei}  Moldova, Latvia, Lithuania, Estonia, probably north of Kazakhstan
[12:20] {nemo} Alaska
01[12:20] {@Threei}  he won't stop until he is stopped
[12:20] {dino} ibtx may be getting ready to bounce, hooker
01[12:20] {@Threei}  they just don't understand him and his thinking
01[12:21] {@Threei}  troub, welcome aboard
[12:23] {RonS} troubLE in river city?
[12:24] {troub} Thank you.  Couldn't wait till June 1.  Too much oppertunity here.
[12:24] {nemo} and free entertainment
01[12:24] {@Threei}  :)
[12:24] {troub} Ron actually on the Neches River in Texas.
[12:25] {nemo} near where?
[12:25] {troub} And I hope to be no trouble.
[12:25] {troub} Beaumont
[12:25] {nemo} ahh
[12:26] {troub} hot, humid and great Cajun food
[12:26] {dino} ibtx smr l .25 risky
[12:26] {RonS} big bidness around there...
[12:26] {dino} glad to see you stayed troub
[12:26] {troub} thanks.
[12:27] {RonS} so troub, when did conn's move to Houston?
[12:29] {troub} Short time ago.  Still have some central office here for a while but lots of movement to Houston.
01[12:29] {@Threei}  dp, you covered COH?
[12:31] {nemo} cvx
[12:32] {nemo} it held that 125 level and dropped it now it's gonna retest it
[12:36] {Alexs} Vad, I don't think Putin believes that Russia is invincible he's just taking exactly what he knows nobody will defend
[12:37] {dino} alexs, putin knows obummer has no balls to stop him
01[12:37] {@Threei}  yup
[12:38] {Alexs} but he will never move to Baltic countries because they are in NATO
01[12:38] {@Threei}  I dunno about that... he knows no one wants war
[12:38] {dino} never say never
01[12:38] {@Threei}  he will test their resolve
[12:39] {dptl} ye i am out coh Vad, not where i wanted but its ok
[12:44] {RonS} lol, hey troub Tabasco has 25% off on gallons on their website...
[12:46] {troub} That will last a lot cooks around about a week.
[12:46] {RonS} only problem i see is getting it into any other container...and, if you spill it does it eat the floor?
[12:46] {troub} no, you build an immunity.  But watch out for the floor.
[12:47] {RonS} lol
[12:48] {RonS} actually the green sauce is mild and just tasty...not enough stores sell it around here...may go for the gallon...
[12:49] {RonS} the costco red sauce size lasts me about 2 years
[12:51] {dino} insanechicken.com has some good sauces
[12:56] {RonS} insanebunny.com has a stalker named nemo...
[12:56] {nemo} well bunny is female
01[12:57] {@Threei}  lol
[12:57] {nemo} so May Day  Europe closed and I doubt anybody will show up for work tomorrow
[13:00] {Les} oh come one we ain't all dole bludging sleazy communists
[13:02] {nemo} Les, found a picture of some of your old girlfriends:  http://goo.gl/AhNHrY
[13:05] {RonS} rotflol
[13:05] {Les} god bless 'em all
[13:05] {Les} still not  acrime in siwtzerland
[13:05] {Les} shit swatey habnds keyboard slipping
[13:08] {RonS} As many as 1,000 gunmen have seized buildings in more than 10 cities in eastern Ukraine: http://bloom.bg/1nM9jRw  pic.twitter.com/nycQd1vNQE
01[13:09] {@Threei}  footage on fox right now
01[13:09] {@Threei}  storming of the building
01[13:12] {@Threei}  full blown military exercise in Kiev yesterday - training of protection of the administrative buildings
01[13:13] {@Threei}  they are preparing for Kiev to be a last stand
[13:13] {Les} 1k gunmen, that's a big gang
[13:13] {Les} ...
01[13:14] {@Threei} Long Setup:  VXX  .10 break hl
01[13:14] {@Threei}  If holds  40
01[13:15] {@Threei}  alternatively, take half lot here
01[13:15] {@Threei}  .06
01[13:15] {@Threei}  add half on .10 break
01[13:15] {@Threei}  and consider .16 - .17 to be 1:1
[13:17] {dino} tough to get out of hooker, out ibtx .00, +.75
[13:18] {RonS} never could get in...was not gonna tie 2X4 to rear end and jump...
[13:19] {dino} lol, but it worked out well
01[13:24] {@Threei}  Associated Press: NATO official says Russia now an adversary
[13:24] {Alexs} took a long time
01[13:24] {@Threei}  no kidding, Putin never thought any different
01[13:25] {@Threei}  but the idea just penetrated their thick skulls
01[13:25] {@Threei}  Vladimir Putin appears determined to disrupt the May 25th presidential elections in Ukraine.
01[13:25] {@Threei}  wrong
01[13:25] {@Threei}  he doesn't mind at all, it's just that it will be elctions of president of non-existing state
01[13:26] {@Threei}  if they elect president of Burkina-Faso in Kiev on May 25, he will be just as pleased
[13:27] {Alexs} I think Putin just consider himself as a main candidate
01[13:28] {@Threei}  well, his elections end with 142%
01[13:28] {@Threei}  93% in Crimea was a total epic failure
[13:29] {troub} Remember Hitler invading Czechoslovakia to "protect" the ethnic German people? 1938 or 39
[13:29] {dptl} dal .20 short?
01[13:30] {@Threei}  yup, sudetland
01[13:30] {@Threei}  hl, dp, yes
[13:31] {dptl} ok
01[13:31] {@Threei}  May 1 parade on Red Square, alex... first time since USSR breakup
01[13:31] {@Threei}  1:1  VXX  if you took my two-stage entry version
[13:33] {dino} troub, same line being used by putin
[13:36] {dino} taking break
[13:38] {dptl} dal inval. for now
[13:41] {Alexs} yeah Vad, they are crazy, can't believe it
[13:44] {dptl} watching dal again
[13:44] {Alexs} took just 20 years, new generation of Russians still don't know what does it mean to live in the USSR
01[13:46] {@Threei}  they'll find out...
[13:47] {dptl} in dal
[13:47] {dptl} hl
01[13:50] {@Threei}  VXX again
01[13:51] {@Threei}  1:1  DAL
[13:51] {dptl} yes
[13:52] {thomcbell} look at aal vad
[13:52] {thomcbell} that thing is still up big
01[13:53] {@Threei}  a bit more volatile than DAL
01[13:54] {@Threei}  other than that, looks tradeable
01[13:56] {@Threei}  1:1  VXX  for standard entry
[13:57] {Les} nice on dp thanbks man
[13:57] {dptl} yw all out
01[13:58] {@Threei}  1:2  VXX  (combo entry)
[13:58] {Phil} all out vxx, thanks Vad
[13:58] {dptl} so jumpy that dal today......must be turbulence
01[13:59] {@Threei}  phil :)
01[14:03] {@Threei}  Ron
01[14:03] {@Threei}  dp takes lessons from you
[14:03] {dptl} ?
01[14:04] {@Threei}  13:58] {dptl} so jumpy that dal today......must be turbulence
01[14:04] {@Threei}  he is yellow to be sure, but we all started somewhere
[14:04] {dptl} oh...lol
[14:04] {RonS} green?
01[14:05] {@Threei}  well yes, but during serious turbulence takes yellow tint
[14:15] {dptl} low .40 break short ?
01[14:16] {@Threei}  not sure
[14:16] {dptl} ah...i got in
[14:22] {thomcbell} looking for some sort of relief rally in fnsr here
[14:26] {thomcbell} i nibbled on it long
[14:31] {RonS} for some reason that word grates me...just sayin
[14:32] {thomcbell} fnsr 25.39 long breaka if holding 25.30
[14:32] {RonS} if someone used that face to face wouldn't you just want to smack them?  :)
01[14:33] {@Threei}  hmmm
01[14:33] {@Threei}  you have strangely high tolerance threshold, Ron... I want to smack many peiople for much less than that
[14:34] {RonS} lol
[14:34] {Les} ebay interesting
[14:35] {dino} .
[14:38] {nemo} wtf...my download speeds have doubled
01[14:39] {@Threei}  oops... I forgot the "throttle nemo" button....
[14:39] {nemo} weird...only paying for half that
01[14:40] {@Threei}  sorry guys, now he can insult everyine twice as fast
[14:41] {thomcbell} this hds is one to watch - trades incredibly well in the face of a big secondary print
[14:42] {dptl} i am out low flat
01[14:43] {@Threei}  good idea... low fat products are usually harmful for your health
[14:43] {dptl} lol
[14:43] {dptl} and its just drop
01[14:44] {@Threei} Long Setup:  TZA  .55 break
01[14:44] {@Threei}  If holds  .45
01[14:44] {@Threei}  wityh trail to .49 after .60 break
[14:47] {dptl} in tza
01[14:50] {@Threei}  nah
[14:50] {dptl} out
01[14:50] {@Threei}  (US) Dept of Health and Human Services (HHS) totals Affordable Care Act (Obamacare) enrollments through the open enrollment period through April 19; Approximately 13M signed up for public and private insurance- 8M selected private plans through the marketplaces, 4.8M selected the public medicaid insurance program - 28% of enrollees aged 18-34 - 85% of enrollees requested financial assistance
01[14:51] {@Threei}  lol... and who will finance these 85%?
[14:51] {thomcbell} out fnsr
[14:55] {dptl} gm .85 short?
01[14:56] {@Threei}  too narrow...
01[14:56] {@Threei} Short Setup: C  .62 break
01[14:57] {@Threei}  If holds  .70
[15:02] {dptl} in c
[15:17] {dptl} now its hard to beleive its going to work
[15:17] {dptl} db
01[15:18] {@Threei}  nah
[15:18] {Phil} shame, such a pretty C&H
[15:19] {dptl} ahh....boy oh boy....just feeding broker today
[15:29] {dino} abtl spike
[15:35] {Les} guys outta here again. Not trading until some clear direction comes along. Working nights, sleeping days, wanna be doing something else besides fronting a screen in between. Maybe downtrend, more likely ATH breakouts but don't wanna sit on chop here thru end of summer
[15:35] {goinshort} thankas
[15:35] {Les} a+
[15:35] {goinshort} thanks all -cya
01[15:35] {@Threei}  take care Les, gs
[15:35] {dino} cya les and gs
[15:38] {Alexs} Clear dirction was in the USSR only
01[15:40] {@Threei}  lol
01[15:40] {@Threei}  and for 5 years only
[15:41] {nathan} good night sirs, I enjoyed todays session
01[15:41] {@Threei}  take care nathan
[15:42] {nathan} btw dino what's the name of the book u mention?
[15:42] {nathan} at the very begining of the morning?
[15:43] {Alexs} bible?
[15:43] {nathan} lol
[15:43] {dptl} short mdt
[15:43] {nathan} the bible of the trading?
[15:43] {Alexs} :)
01[15:44] {@Threei}  not a book, nathan
01[15:44] {@Threei}  he just quoted a phrase from one of Stephen King novelsm
[15:44] {Alexs} should read it instead of trading
01[15:44] {@Threei}  "there are better worlds than this,"
01[15:44] {@Threei}  meaning, there is always better stock tp pick if this one doesn't behave
[15:44] {nathan} ok thanks for clarifyin
[15:45] {nathan} have a good night
[15:45] {dino} nathan, not a book, just one of my edges, "better worlds". i go where others do not
[15:46] {nathan} thanks dino.
[15:54] {dptl} no..no time..unless it drops now mdt
[15:55] {troub} good night all
[15:55] {Alexs} gn troub
[15:55] {Phil} Thanks Vad, cya guys
[15:55] {dino} gn all, thx for ideas
01[15:55] {@Threei}  thank you all, have a good evening
01[15:55] {@Threei}  see you tomorrow