Thursday, May 8, 2014

May 08 2014

Very nice morning and totally dead afternoon, without any action pick-up even on the last hour. Engaging PPP (profit preservation procedure) helped keep the day profitable

Session Time: Wed May 07 00:00:00 2014
[09:00] {dino} gm
[09:01] {dptl} good morning
[09:17] {troub} good morning
[09:18] {dino} fwiw watching trex, yy, feye, wfm, zu, aegr, tfm
[09:20] {goinshort} morning all
[09:24] {RonS} hi guys
[09:24] {goinshort} hi ron
[09:25] {dino} tfm, sfm off on wfm release
[09:28] {dino} rloc blood
[09:32] {dino} trex smr l .05
[09:35] {Alexs} gm
[09:35] {dino} tfm smr l .52
[09:41] {dino} trex stopping out
[09:48] {thomcbell} panw watching for a short break
[09:49] {dino} trex smr l .75
[09:50] {thomcbell} and there it went
[09:51] {thomcbell} panw
[09:57] {dino} tfm stop to .99
[09:57] {dino} 07 red
[09:59] {dino} yy jan gap fill
[10:00] {dino} out tfm .99, +.47
[10:02] {dino} yy smr l .00
[10:05] {dino} data higher lows/highs
[10:14] {thomcbell} wow
[10:15] {dino} naz -3% in 5 days
[10:23] {dino} lots of stocks are getting destroyed, aegr -13, yy -5, data -4, panw -5, zu -13, wfm -12.....
[10:26] {RonS} aegr sm l 31.10
[10:28] {thomcbell} fslr looks like an interesting setup potentially
[10:29] {thomcbell} not anymore
[10:33] {RonS} out aegr 31.85 +.75
[10:36] {dino} gj
[10:37] {dino} data smr l .15
[10:37] {dino} wide
[11:35] {_rcford} HDY may hit 5$
[11:51] {thomcbell} im long very small scty
[11:51] {thomcbell} tony stark complex reports after the bell tonight
[12:14] {thomcbell} panw 60.60 short break if holding 60.70
[12:20] {thomcbell} invalidated
[12:29] {thomcbell} panw still valid i suppose
[12:29] {thomcbell} very tight level for such a wild stock
[12:33] {thomcbell} panw 1:1
[12:33] {thomcbell} 1:2
[12:34] {thomcbell} 1:3
[12:34] {thomcbell} i didnt get filled
[12:34] {thomcbell} put a 60.57 limit on it
[12:35] {thomcbell} 1:4 if anyone got it
[12:35] {thomcbell} panw still in topping phase compared to splk feye data now etc
[12:42] {thomcbell} what a shame that was a good play panw
[12:52] {thomcbell} panw 1:13
[12:52] {thomcbell} hehe
[13:26] {nathan} whats up gents
[13:26] {RonS} not much
[13:26] {nathan} how was the morning?
[13:27] {RonS} quiet w/ 3i, nemo and then dino gone
[13:27] {nathan} do they stick together? ;-)
[13:29] {RonS} not really...3i out for the day...nemo's attendance has been spotty for a while, and dino just dropped out of sight w/ not even a kma...
[13:30] {nathan} DAL dt?
[13:31] {nathan} invalidated
[13:35] {thomcbell} gn all
[14:20] {nathan} well ron, gn
[14:20] {nathan} see you tomorrow
[14:21] {RonS} cya
[14:56] {dptl} see ya tomorrow all
Session Time: Thu May 08 00:00:00 2014
[08:56] {dino} gm
01[08:57] {@Threei}  morning dino
01[08:57] {@Threei}  not much happened yesterday I see
01[09:02] {@Threei}  (UR) Russia says the reaction from Kiev has called into question the prospects of a dialog between the interim govt and separatists - press
01[09:03] {@Threei}  I thought it was shooting, kidnapping and killing...
[09:06] {RonS} gm, good trip?
01[09:06] {@Threei}  ron :)
01[09:06] {@Threei}  very
01[09:07] {@Threei}  orchestra of the highest world class
[09:07] {RonS} what did they play?
01[09:08] {@Threei}  Mozart, Shostakovich, Thaikovsky
[09:09] {RonS} always like Shostakovich here...
01[09:09] {@Threei}  I haven't heard that much russian around in ages... almost shocking
01[09:10] {@Threei}  I guess 90% of the public
[09:10] {troub} good morning you all
01[09:10] {@Threei}  and of course two fractions at the entrance, with Ukrainian and Russian flags and leaflets
01[09:10] {@Threei}  troub :)
[09:11] {cosmo} russia must be getting popular
01[09:11] {@Threei}  AK-47 always adds popularity
[09:11] {cosmo} I haven't heard that one yet
[09:12] {cosmo} :)
[09:12] {RonS} the few times i have been to Vancouver found it shocking how many chinese are there...
01[09:13] {@Threei}  it's not known as Honkouver for nothing
[09:13] {nemo} and they find it shocking how many white people are there
[09:14] {RonS} of course every time i go shopping here am shocked how many indians are here...
[09:14] {RonS} ain't talking native americans either...
01[09:15] {@Threei}  meanwhile, west continues displaying total misunderstanding of Putin's words and actions
01[09:15] {@Threei}  he says "I ask separatists to postpone referndum"
01[09:15] {@Threei}  west jumps in joy: "he softened his stance, deescalation starts"
01[09:16] {@Threei}  separatists: no
01[09:16] {@Threei}  Putin nods, that was the idea
01[09:16] {@Threei}  to distant himself from them and be able to ay "see, it's not my people, it's ukrainians"
01[09:17] {@Threei}  for west, words indicate thoughts and intentions
01[09:17] {@Threei}  for kgb, words are another kind of weapon
[09:18] {dptl} good morning
01[09:18] {@Threei}  dp :)
[09:20] {Alexs} gm
01[09:21] {@Threei}  alex :)
[09:23] {ese} finally......i get a chance to do some trading
[09:23] {RonS} 3i, is nemo ok?
01[09:23] {@Threei}  ese :)
[09:23] {ese} vad ron
01[09:23] {@Threei}  as much as possible...
[09:23] {RonS} hehe...hi ese
[09:24] {ese} 3 shows a week for the next 5/6 weeks with my high school R&B band.....6 shows up to mid june with my rpo band...busy season
[09:25] {ese} pro
01[09:25] {@Threei}  you should have come to Vancouver with me, ese... Spivakov orchestra
[09:26] {ese} now thats sounds cool...what type of orchestra....i've never heard of them
[09:26] {nemo} what Ron?
[09:26] {ese} actually thats not true ...i hve heard of them
01[09:27] {@Threei}  google Moscow Virtuosi
[09:27] {ese} ok
01[09:28] {@Threei}  TWTR trying
01[09:31] {@Threei} Long Setup:  FB  .20 break hl
[09:31] {ese} yes yes.....chamber orchestra.....i have heard recording but never seen....would have been a good show
01[09:31] {@Threei}  yeah right
01[09:31] {@Threei}  too fast
01[09:33] {@Threei} Long Setup:  C  .80 break
01[09:33] {@Threei}  If holds  .70
[09:34] {ese} nope...can't play them dino spreads....WWV
[09:34] {ese} WWAV
01[09:35] {@Threei}  1:1
[09:35] {_rcford} nice
01[09:35] {@Threei}  ty
01[09:41] {@Threei} Long Setup:  TZA  .85 break
01[09:41] {@Threei}  If holds  .80
01[09:42] {@Threei}  1:1
01[09:42] {@Threei}  C balance stop to .84
[09:43] {thomcbell} scty at some point want to short
[09:43] {thomcbell} nothing there yet
[09:44] {nemo} here thom
01[09:44] {@Threei} Long Setup:  P  .40 break hl
01[09:45] {@Threei}  If holds  .30
01[09:46] {@Threei}  Invalidated
[09:47] {nemo} scty uptick rule
[09:48] {thomcbell} some nice face ripping going on with it here
[09:48] {nemo} this yesteday's high
[09:48] {dino} fb sm l .80
01[09:50] {@Threei}  1:2  C
01[09:50] {@Threei}  slow but sure
[09:51] {goinshort} out C -thanks   took a scalp on P
01[09:51] {@Threei}  nice
01[09:51] {@Threei}  P got away from me
01[09:51] {@Threei}  should have recalibrated it to .30
[09:51] {goinshort} not much there
[09:52] {nemo} @ 200 day IWM almost to 50 day on finnies R1 spy
[09:52] {_rcford} FSLR
[09:52] {_rcford} C still going wow
[09:52] {_rcford} loving that
01[09:52] {@Threei}  1:3
01[09:52] {@Threei}  out
[09:52] {nemo} sympathy to scty
01[09:58] {@Threei}  nice entry FB, dino
[10:02] {dino} fb stop to .83
[10:04] {dino} to .94
[10:04] {dino} ty
[10:05] {dino} out fb .95, +1.15
01[10:05] {@Threei}  wtg
[10:05] {RonS} gj
[10:05] {dino} ty
[10:05] {troub} dino, your fb stp .50?
01[10:07] {@Threei} Short Setup: FB  .90 breask hl
01[10:07] {@Threei}  If holds  58
01[10:09] {@Threei}  meh
[10:10] {nemo} spy so close to 189
[10:10] {nemo} they're gonna screw around up here see if they can push it further for a while
01[10:12] {@Threei} Long Setup:  TZA  .55 break
01[10:13] {@Threei}  If holds  .50
01[10:15] {@Threei}  Invalidated
[10:18] {dino} yy from yesterday stop to .99
01[10:18] {@Threei} Short Setup: DAL  .50 break
[10:18] {dino} out .95, +1.95
01[10:18] {@Threei}  If holds  .55
[10:20] {dino} amed spike
[10:21] {_rcford} Yes Sir on DAL
[10:21] {_rcford} ty
[10:22] {ese} L twtr .89
01[10:22] {@Threei}  would like more than 5 cents...
[10:23] {ese} me too
01[10:24] {@Threei} Long Setup:  TZA  .50 break
01[10:24] {@Threei}  If holds  .45
01[10:28] {@Threei}  1:1  TZA
[10:29] {ese} twtr should break above32 and go for a bit imo
[10:29] {ese} tha 15min chrt looks great
01[10:30] {@Threei}  (US) Fed Chair Yellen: Fiscal policy has served as a drag on the economy, expecting drag to subside somewhat in 2014 - Senate testimony Q&A- long run sustainability of fiscal policy is important - crisis atmosphere has increased business uncertainty - will maintain accomodative policy for as long as necessary, will be in place until labor market recovery; still a ways way from full employment
01[10:30] {@Threei}  wow... ultraleft Yellen dislikes Obama's fiscal policy?
01[10:31] {@Threei}  sher means he taxed too much or little?
[10:31] {ese} out twtr ½ .12
[10:31] {ese} +.23
01[10:32] {@Threei}  wtg
[10:32] {ese} balance to break even .90
[10:32] {ese} tks
[10:33] {ese} stopped twtr balance
[10:33] {ese} bastard
[10:34] {ese} ya take ya peice ah crap
01[10:35] {@Threei}  1:2  TZA
[10:35] {ese} take off
[10:40] {_rcford} FSLR really strong
[10:41] {ese} twiiiiiitttttaaaaahhhhhh ya piece off crap......stop me out even then take off....i'll get even......this is revenge....look out
[10:43] {RonS} powr to the short people
01[10:43] {@Threei}  FSLR is tough to control risk, requires smaller shares and wider stop
01[10:43] {@Threei}  lol ron
01[10:44] {@Threei}  1:1  DAL
01[10:44] {@Threei}  finally, sheesh
[10:44] {ese} you thinkin mrkt top Ron
[10:44] {RonS} no ese look chart powr
[10:45] {RonS} ipas and they all did
[10:45] {ese} ouuuu ya.......that 11 dollar hair cut would hurt
01[10:46] {@Threei}  1:2  DAL  is close enough
01[10:46] {@Threei}  1/4 more out
[10:47] {ese} have seen worse Q's ron.....sheesh...take about punishment
[10:47] {ese} talk
01[10:47] {@Threei}  out TZA in full
01[10:47] {@Threei}  +.25
[10:49] {RonS} ande fell off mountain
01[10:49] {@Threei}  ron in a good shape today :)
[10:50] {RonS} needed nemo around...can hear the groans all the way here...
01[10:50] {@Threei}  closed last piece DAL on a trail
01[10:50] {@Threei}  nice day shapes up
01[10:51] {@Threei}  let's engage profit preservation procedure, not to let it evaporate in afternoon seesaw
01[10:56] {@Threei}  rcford... any questions after going over material?
[10:57] {_rcford} Just need to learn how to read level II
[10:57] {_rcford} So I am looking at his video plus youtube stuff to learn that
01[10:58] {@Threei}  video course has details on that
[10:58] {_rcford} Love the way this works so I will be onboard
01[10:58] {@Threei}  and be carweful, there is a lot of musinformation on level 2 out there
01[10:59] {@Threei}  all kinds of gurus teaching how to read direction by it
[10:59] {_rcford} awesome I will study the course here for 497 I think  I also  got the book on Sunday
01[10:59] {@Threei}  which is total bs
01[10:59] {@Threei}  cool beans, that will cover a lot of ground
[10:59] {nemo} yeah, and since HFT came into vogue, LII reading ain't what it used to be
01[11:00] {@Threei}  not that it ever was all it was cranked up to be
01[11:00] {@Threei}  but it used to be a bit more informative... in late 90s, lol
[11:00] {nemo} levels were more definitive before
[11:00] {_rcford} Yeah I only want what I saw you do today.
01[11:02] {@Threei}  also, since I mentioned profit preservation procedure, let me find url for that
01[11:02] {@Threei}
[11:03] {ese} cya all tomorrow......gotta go
[11:03] {_rcford} ok awesome
01[11:03] {@Threei}  take care ese
[11:09] {dino} yy smr l .00
[11:16] {_rcford} I will be sure to do what that article says cause I have done the 1st paragraph far to many times
01[11:16] {@Threei}  we all have
01[11:17] {@Threei}  some things in trading like in teens age... everyone've done it
[11:17] {_rcford} lol absolutely
01[11:21] {@Threei} Long Setup:  P  .30 break hl
01[11:21] {@Threei}  If holds  .20
01[11:40] {@Threei} Short Setup: P  23 break
01[11:40] {@Threei}  If holds  .10
01[11:41] {@Threei}  YESSS!!!
01[11:41] {@Threei}  EU and US draw new red line on Ukraine
01[11:41] {@Threei}  hoorraaay
[11:41] {Alexs} full lot?
[11:41] {nemo} yeah, they crossed it off
01[11:42] {@Threei}  depends on your particulars in profit preservation procedure, alex
01[11:42] {@Threei}  aka PPP
01[11:47] {@Threei}  ok, I read the article about red line in details, and exaltation of mine knows no limits... know what they'll do if Russdia crosses that new red line? More SANCTIONS!
01[11:49] {@Threei}  no go P
[11:56] {dino} out yy .48, +.48
01[11:57] {@Threei}  wtg
[11:57] {dino} ty
[12:01] {troub} nice yy dino
[12:03] {thomcbell} scty looks vulnerable to profit taking
[12:03] {thomcbell} not doing it
[12:03] {thomcbell} no setup
[12:03] {thomcbell} unless you like 0.50 cent spikes
01[12:06] {@Threei}  I do... but only if they are in my favor
[12:08] {thomcbell} lvs big consolidation pattern here
[12:18] {thomcbell} maybe short a test of 77 on lvs
01[12:18] {@Threei}  tough one
[12:19] {thomcbell} i did the break of 77 but it was an aggressive entry
01[12:39] {@Threei}  one of the anchors from the Vancouver's concert:
[12:47] {_rcford} Can't believe P went anyway wow
01[12:48] {@Threei}  yeah
[12:52] {thomcbell} lvs
[12:53] {thomcbell} worked
[12:53] {thomcbell} i was too tight with my stop
01[12:54] {@Threei}  mrket drop helped it
01[12:55] {@Threei}  watching TZA for pullback
[13:00] {thomcbell} just for a chop mpel 33.09 long break if holding 33
[13:01] {thomcbell} tlt?
[13:03] {thomcbell} nope
[13:03] {thomcbell} mpel sorry
[13:15] {nemo} see that tlt move?
01[13:17] {@Threei}  (UR) Ukraine claims its border personnel have repelled an attack from separatists
[13:27] {dino} yy smr l .82
[13:30] {thomcbell} aal very good daily chart
[13:30] {nathan} hi genst
01[13:30] {@Threei}  hey nathan
01[14:24] {@Threei} Long Setup:  TZA  .25 break
01[14:24] {@Threei}  If holds  .20
01[14:27] {@Threei}  meh
[14:27] {nathan} aaah
01[14:41] {@Threei} Long Setup:  DAL  .70 break
01[14:41] {@Threei}  If holds  .65
01[14:42] {@Threei}  frikin TZA/// rinsed
[14:42] {nemo} market new lows
01[14:42] {@Threei}  Invalidated
01[14:45] {@Threei} Long Setup:  DAL  .60 break
01[14:45] {@Threei}  If holds  .55
01[14:47] {@Threei}  can't watch TZA without deep disgust for humanity
[14:47] {_rcford} lol
01[14:47] {@Threei}  :)
[14:47] {nathan} lol
[14:47] {_rcford} mkt may flush so
[14:48] {dptl} see ya tomorrow all
01[14:49] {@Threei}  take care dp
01[14:49] {@Threei}  change DAL entry to .55 break
01[14:49] {@Threei}  if holds .50 of course
[14:51] {_rcford} TZA short
01[14:54] {@Threei}  half out
01[14:54] {@Threei}  .63
01[14:55] {@Threei}  stop to .54
01[14:55] {@Threei}  1:1
[14:55] {thomcbell} everything so jumpy these days
01[14:55] {@Threei}  Merkel calls on Putin to further de-escalate situation in Ukraine's east and south
01[14:55] {@Threei}  further?
[14:55] {goinshort} thanks V - took the scalp  spy to choppy
01[14:55] {@Threei}  yw
01[14:56] {@Threei}  no seriously... "further??"
01[14:56] {@Threei}  let's get 5 people a day killed instead of 10?
01[14:57] {@Threei}  alter your vacation plans folks:
01[14:57] {@Threei}  United States warns its citizens to defer all non-essential travel to Ukraine
01[14:57] {@Threei}  I know you all dreamt of spending your vacation in Crimea
01[14:58] {@Threei}  and Alex told me he wanted to go to Donetsk and work in one of coal mines for couple weeks, for kicks
[14:58] {RonS} that Alex is such a stud
[14:58] {nathan} lol
01[15:01] {@Threei}  but a week-long course for bartenders "Mixing Molotov Cocktail the Right Way, Shaken Not Stirred" is still on in Slavyansk
[15:02] {nathan} i never took this subject at school,
[15:02] {nathan} it may be interesting :-)
01[15:03] {@Threei}  so, this is a chanceto expand your horizons
[15:03] {nathan} if trading fails..
01[15:06] {@Threei} Long Setup:  GLD  .30 break
01[15:06] {@Threei}  If holds  .20
[15:18] {nathan} gn gents
[15:18] {nathan} see u tomorrow
[15:18] {_rcford} p was the trade of the day wow
[15:26] {goinshort} thanks all -cya tomorrow !
01[15:26] {@Threei}  take care gs
01[15:32] {@Threei}  strange afternoon, no acceleration
[15:33] {cosmo} the day is young
01[15:34] {@Threei}  hmmm
06[15:35] * @Threei wants cosmo to be the one who evaluates his, Threei's age group belonging
[15:35] {thomcbell} swn 45,75 long break if holding 45.70
[15:36] {cosmo} age group wha?
[15:36] {thomcbell} scalping rules
01[15:37] {@Threei} Long Setup:  IWM  .30 break
01[15:37] {@Threei}  If holds  .20
[15:37] {thomcbell} gn all
01[15:37] {@Threei}  bye thom
01[15:37] {@Threei}  Invalidated
[15:38] {cosmo} ah... must be something about acceleration I don't understand
[15:39] {RonS} that's what the Yugo said...
01[15:39] {@Threei}  lol
[15:45] {RonS}
01[15:53] {@Threei}  ok guys, thank you all
01[15:53] {@Threei}  have a great evening, see you tomorrow