Thursday, May 29, 2014

May 29 2014

Catch of the day, the cutest reversal on DAL, 5 cents risk, 30 cents profit, nice and easy.


Overall, with 3 1:3ers and a few more nice trades, strongly profitable day.

Session Time: Thu May 29 00:00:00 2014
[08:51] {thomcbell} gm
01[08:52] {@Threei}  thom :)
[09:02] {dino} gm
01[09:02] {@Threei}  dino :)
01[09:02] {@Threei}  see PANW
[09:04] {dino} wow
01[09:09] {@Threei}  spread slowly improves, was about 30 cents earlier
[09:13] {RonS} howdy everyone
01[09:13] {@Threei}  ron :)
[09:15] {goinshort} morning all!
01[09:15] {@Threei}  gs :)
[09:16] {thomcbell} hsh
[09:16] {thomcbell} shocking
[09:16] {thomcbell} bidding war in the sausage business
[09:17] {RonS} gs enthusiasm should be from gt...gointall...
[09:18] {troub} good morning you all
01[09:19] {@Threei}  troub :)
[09:22] {nathan} gm gents
01[09:23] {@Threei}  nathan :)
[09:24] {Alexs} good morning
01[09:25] {@Threei}  alex :)
[09:27] {RonS} panw gone pulp
[09:27] {ese} morning
01[09:27] {@Threei}  ese :)
01[09:28] {@Threei}  P Albert Fried reiterates Underweight rating, price target $20
[09:29] {ese} theres one i haven't heard of ...Albert Fried?
01[09:30] {@Threei}  wer already discussed once how much you can trust stock advice from the guy with last name Fried
01[09:31] {@Threei} Short Setup: GLD  .85 break
[09:31] {Alexs} last time we made some money on his advice as I remember
[09:31] {ese} lol
01[09:31] {@Threei}  If holds  .93
[09:31] {nathan} lol
01[09:31] {@Threei}  remember what it was?
[09:32] {Alexs} no
01[09:32] {@Threei}  neither do I
[09:32] {Alexs} just remember money
01[09:32] {@Threei}  I remember Ron teaching me how to pronounce it
[09:33] {nathan} lol
[09:33] {Alexs} yeah me too
01[09:34] {@Threei} Long Setup:  FB  64 break
01[09:34] {@Threei}  If holds  .90
01[09:35] {@Threei}  1:1
01[09:35] {@Threei}  GLD stop to .91
[09:35] {Alexs} casino open...
[09:36] {nathan} FB slipped from my hands
01[09:37] {@Threei} Short Setup: TWTR  .80 break hl
01[09:37] {@Threei}  If holds  .90
[09:38] {thomcbell} swks looking for a pullback entry
01[09:38] {@Threei}  1:1
01[09:38] {@Threei}  thanks for returning to pick us up, TWTR
[09:39] {Alexs} yeah
[09:39] {dino} tecd smr l .00
01[09:42] {@Threei} Short Setup: DAL  .60 break
01[09:42] {@Threei}  If holds  .65
[09:45] {dino} tecd out .41, +.41
01[09:45] {@Threei}  wtg
[09:45] {nathan} 1:1 DAL thx Vad
01[09:45] {@Threei}  1:1  DAL
01[09:45] {@Threei}  yw
[09:47] {thomcbell} rxn 25.60 long break if holding 25.50
[09:47] {thomcbell} secondary priced at 25.50
01[09:47] {@Threei}  1:2
[09:47] {thomcbell} after earnings it bounced hard from this level
[09:47] {thomcbell} look at move from thr to tues
[09:48] {dptl} good morning
01[09:48] {@Threei}  sheesh dp
[09:49] {dptl} lol
[09:49] {dptl} i know
01[09:49] {@Threei}  1:3  DAL  close enough
01[09:49] {@Threei}  out
01[09:50] {@Threei}  perfectly nailed top if I may say so myself
01[09:50] {@Threei}  7 cents risk
[09:50] {thomcbell} no go rxn
[09:51] {Alexs} you are modest as Lenin Vad :)
[09:51] {nathan} lol
01[09:51] {@Threei}  learning from the best
[09:52] {ese} L clne .98 3/4
[09:54] {ese} gotta love it when as soon as you pull the trigger is shoots up .15
[09:56] {Alexs} and Lenin was most modest man ever as they taught us in the USSR
01[09:57] {@Threei} Long Setup:  TWTR  .90 break
01[09:57] {@Threei}  If holds  .80
[09:57] {dino} dsw hl l .80
[09:57] {ese} godd enough out clne .16 +.18
[09:57] {ese} good
01[09:58] {@Threei}  nice dam at .90
[09:59] {nemo} they keep piling up the offers
[09:59] {nathan} what's a dam?
[09:59] {nemo} all those offers
[09:59] {nathan} ok
01[09:59] {@Threei}  (US) APR PENDING HOME SALES M/M: +0.4% V 1.0%E
01[09:59] {@Threei}  Y/Y: -9.4% V -8.8%E
[10:00] {nemo} timber.....
[10:00] {RonS} fn sm l .37 s/l .30
01[10:01] {@Threei}  valid still
01[10:02] {@Threei}  should have recalibrated it to .80...
01[10:03] {@Threei}  (RU) Russia Central bank clarifies that insurance will be provided on deposits in all currencies and not just Rubles
01[10:03] {@Threei}  huh
01[10:03] {@Threei}  not good when you have to make such clarifications
01[10:04] {@Threei}  no go TWTR
[10:04] {dino} sounds like bank run
01[10:04] {@Threei}  played it wrong
01[10:04] {@Threei}  that's what I think dino
01[10:04] {@Threei}  people start thinking default
01[10:07] {@Threei}  WWE Ticking higher on renewed takeover chatter
01[10:07] {@Threei}  wow SPY
01[10:07] {@Threei}  no news
[10:08] {Alexs} they made that statement for Yanukovich I think, if he closes his dollar account in Russia it go bankrupt
[10:09] {thomcbell} wwe
[10:09] {thomcbell} takeover spec
[10:09] {RonS} tag team?
01[10:11] {@Threei} Short Setup: IWM  113 break hl
01[10:11] {@Threei}  If holds  .10
01[10:11] {@Threei}  ugh... got away
[10:12] {Alexs} using nemo advice?
01[10:13] {@Threei}  ?
[10:13] {nemo} ?
[10:14] {nemo} what I say?
[10:14] {Alexs} short IWM instead long TZA, yesterday
[10:14] {nemo} ahhh
[10:14] {nemo} must have drunk that brain cell into submission
[10:14] {Alexs} lol
01[10:15] {@Threei}  just had more readable setup at 113 vs TZA at .43 at the moment
01[10:16] {@Threei}  crap... 1:2
[10:17] {Alexs} yes and TZA didn't make 1:1 yet
[10:17] {nemo} you're stop would have been smaller
[10:18] {nemo} your
[10:18] {nemo} sheesh
01[10:18] {@Threei}  sigh
[10:19] {dino} dsw stop -.16
[10:23] {Alexs} MCD short 101?
01[10:24] {@Threei}  yup
01[10:24] {@Threei}  if stays under .10 of course
[10:24] {Alexs} yes
[10:26] {thomcbell} PF 31.25 long break if holding 31.15
01[10:27] {@Threei}  the world defines who is who, who with whom etc:
01[10:27] {@Threei}  Russian language classes to be compulsory in secondary schools in Syria
[10:27] {dino} ddd hl l .75
[10:29] {dino} out ddd .00, +.25
[10:32] {thomcbell} pf got 1:1 and turned tail
[10:35] {thomcbell} PF 1:1 again
[10:37] {thomcbell} pf 1:2
[10:39] {thomcbell} pf 1:3
[10:39] {RonS} this guy goes out of his way to hobble the country:  U.S. business lobby predicts new coal plant rules will cost $50 billion a year and 224,000 jobs:
[10:39] {RonS} http://bloom.bg/1gzafGM
01[10:40] {@Threei}  "going to be long 8 years" - Dino, 2008
[10:40] {thomcbell} pf 1:4 and out
[10:42] {dino} :)
[10:43] {thomcbell} tibx acts well today
[10:50] {dino} out yy swing, 55.57 to 65.60, +10.03
[10:51] {dptl} lol thats nice
[10:51] {nathan} wow
[10:51] {Alexs} Pro-Russian rebels downed a military helicopter in eastern Ukraine, killing 13 troops and a general - Bloomberg
01[10:52] {@Threei} Long Setup:  IWM  .20 break
01[10:52] {@Threei}  If holds  .10
01[10:52] {@Threei}  overnight story Alex, Slavyansk battle
[10:53] {Alexs} didn't know it
01[10:53] {@Threei}  atop to .14
01[10:54] {@Threei}  1:1
[10:56] {Alexs} it's not too easy for Poroshenko to travel to Donetsk I think
01[10:57] {@Threei}  more importantly, it's meaningless
[10:58] {Alexs} meaningless to make such a promises
01[11:03] {@Threei}  MCD is valid again
01[11:08] {@Threei} Long Setup:  CAT  .90 break
01[11:09] {@Threei}  If holds  .80
[11:10] {nathan} vad, in DAL should we see a spike as sign of reversal?
[11:11] {nathan} what could we also expect?
01[11:11] {@Threei}  don't guess nathan... just watch for the recognizable setup to form
[11:12] {nathan} you're right i was starting to think
[11:12] {nathan} big mistajte
[11:12] {nathan} mistake
01[11:12] {@Threei}  readable and predictable are different things... market can be readable but it doesn't mean it has to predictable
01[11:13] {@Threei}  in other words,
01[11:13] {@Threei}  you can't predict what will shape up, but you can read what shapes up as it does.
01[11:13] {@Threei}  makes sense?
[11:13] {nathan} you're right
01[11:14] {@Threei}  40 break, DAL
01[11:14] {@Threei}  that's long setup
01[11:14] {@Threei}  BMR, in 111 Trades terms
01[11:16] {@Threei}  Russian President Vladimir Putin welcomed Kazakhstan and Belarus on Thursday into a new Eurasian Economic Union built to rival the United States, EU and China
01[11:19] {@Threei}  like herding CATs... move already, will ya?
01[11:26] {@Threei}  stop to .83
[11:27] {Alexs} time to use your 2 x 4 Vad
01[11:28] {@Threei}  1:1
01[11:29] {@Threei}  finally
01[11:29] {@Threei}  and without resorting to violence
01[11:29] {@Threei}  (not that I dislike it)
01[11:30] {@Threei}  1:2
[11:33] {Alexs} you called 1:2 just for trailing?
01[11:33] {@Threei}  ?
01[11:33] {@Threei}  partialing too
[11:34] {Alexs} oh sorry thought 1:3
[11:37] {dino} leju spike
01[11:39] {@Threei}  1:3
01[11:39] {@Threei}  me out
[11:39] {dino} uthr stuck, stop to b/e
01[11:44] {@Threei}  anyone went for MCD?
01[11:44] {@Threei}  in retrospect, .10 was the best entry. with .15 stop
[11:44] {Alexs} nope, forgot about it
01[11:47] {@Threei}  tell me Putin hasn't calculated it all just right:
01[11:47] {@Threei}  Russia is less likely to face further sanctions from the U.S. and the European Union as the government is sending conciliatory signals toward Ukraine, a Bloomberg survey of economists showed.
01[11:47] {@Threei}  The U.S. will refrain from escalating punitive measures, according to 66 percent of respondents in a survey of 32 economists, compared with 28 percent last month.
01[11:48] {@Threei}  as King Solomon said, "Sactions too shall pass"
[11:51] {Alexs} England, unlike in 1914, will not allow herself to blunder into a war lasting for years…. Such is the fate of rich countries.. .Not even England has the money nowadays to fight a world war. What should England fight for? You don’t get yourself killed over an ally.”
[11:51] {Alexs} - Adolf Hitler (1939)
01[12:04] {@Threei}  Hillshire Brands Pilgrim's Pride is reportedly reviewing its options regarding its Hillshire offer following Tyson's bid this morning
01[12:05] {@Threei}  wow CAT
[12:06] {dino} f'ing rinses, dsw, uthr
[12:09] {dino} taking a break, back in hour
[12:15] {Alexs} America doesn't know how bad its Internet speed is: Sprint's Son http://www.cnbc.com/id/101711520
[12:19] {Alexs} didn't know that our Internet speed is so slow as compared to other countries
[12:20] {RonS} ya, we need to get those Facebook posts faster...
01[12:20] {@Threei}  lol
01[12:20] {@Threei}  "Coffee helps you make more stupid things faster"
01[12:26] {@Threei}  Sprint's Son.. a.k.a. Comcast grandson?
[12:42] {Alexs} http://www.bloomberg.com/news/2014-05-29/clippers-sale-deserves-harvard-case-study-on-idiocy-profits.html
01[12:44] {@Threei} Long Setup:  FB  .80 break
01[12:44] {@Threei}  If holds  .70
01[12:50] {@Threei}  stop to .74
[12:52] {Alexs} GLD DKTK setup .90 break Vad?
01[12:52] {@Threei}  hard to tell... too narrow
01[12:52] {@Threei}  1:1  FB
01[13:01] {@Threei}  Ford Motor Co Launches a recall of approx 740.8K Ford Escape/Mariner vehicles due to power steering issues - Detroit News- 5 crashes and 6 injuries said to have resulted from the tendency for the car to default to manual steering mode
01[13:02] {@Threei}  1:2  FB
[13:09] {dino} gj
01[13:09] {@Threei}  ty
01[13:09] {@Threei}  gotta restore FB reputation
[13:11] {dptl} have to leave early....have a good rest of the day all...see ya tomorrow
01[13:11] {@Threei}  dp has impossible luxurious life
01[13:11] {@Threei}  comes in late, leaves early
[13:11] {dptl} lol...i wish
[13:11] {dino} cya
[13:15] {dino} emes drop
[13:21] {dino} smr l .50
[13:34] {dino} out emes .00, +.50
[13:37] {RonS} gj...kors needs a beer
[13:38] {dino} ty
01[13:48] {@Threei}  (US) DoJ has reportedly begun criminal probes of four payment processing firms and one bank, seeking evidence of consumer fraud - press- Related civil fraud probes reportedly made in up to ten other banks and payment processors
[13:49] {cosmo} they mean fraud by the consumer?
01[13:50] {@Threei}  lol
[13:50] {cosmo} you gotta wonder these days
[13:54] {RonS} emes spike
[13:54] {Alexs} SUNE short .70?
01[13:55] {@Threei}  looks right
[13:55] {Alexs} or .80 recross?
01[13:56] {@Threei}  I'd prefer short
[13:57] {Alexs} I meant short .80
[13:57] {dino} another tight afternoon range
[14:01] {dino} fang spike
01[14:05] {@Threei}  recross of .90 I''ll be inetered for a short
01[14:05] {@Threei}  in
01[14:05] {@Threei}  this does smell like a trap
01[14:06] {@Threei}  stop .96
[14:09] {dino} fang s .60
01[14:26] {@Threei}  covered half SUNE
01[14:28] {@Threei}  you in Alex?
[14:28] {Alexs} yup
01[14:28] {@Threei}  :)
[14:29] {Alexs} you're crafty like Lenin Vad :)
[14:29] {nemo} Lenin did not die crafty
[14:30] {Alexs} he didn't die nemo
01[14:30] {@Threei}  he is eternally alive
01[14:30] {@Threei}  (some say undead)
[14:30] {RonS} lol
[14:30] {Alexs} exactly
[14:30] {nathan} like elvis
01[14:30] {@Threei}  lol
01[14:31] {@Threei}  unlike Elvis though, this one just refuses to leave the building
[14:31] {Alexs} rofl
[14:31] {nathan} lol
[14:32] {dino} lng spike
01[14:34] {@Threei}  The Goldman Sachs Group Inc Fox Business's Gasparino: Goldman to announce layoffs in its fixed income branch **Reminder: On May 28th, Goldman's COO said trading volumes are lower in the currency, mortgage and govt bond markets.
01[14:35] {@Threei}  BNP could be forced to pay $5B in a settlement over probe into the firm's dealing with countries which are under sanctions
01[14:35] {@Threei}  LNG dino:
01[14:35] {@Threei}  (US) Dept of Energy has reportedly proposed withdrawing regulations requiring LNG export approvals for non-FTA export applications - press ***Reminder: On April 9th, the House of Reps Energy subcomittee approved legislation to allow for automatic approval of LNG export to WTO participants
01[14:35] {@Threei}  I guess this is an attempt to simplify sales to EU
[14:38] {dino} ty
[14:38] {dino} lng smr s .25
[14:40] {dino} lng stop -.30
[14:41] {dino} fang stop -.17
[14:43] {dino} lng smr s .50
01[15:06] {@Threei}  1:2
01[15:06] {@Threei}  SUNE that is
01[15:10] {@Threei}  1:3
01[15:10] {@Threei}  out
[15:11] {Alexs} thanks for our happy childhood :)
01[15:12] {@Threei}  lol
[15:14] {Alexs} could be played long now?
01[15:15] {@Threei}  .60 break, yes
01[15:15] {@Threei}  if holds .55
[15:20] {nemo} 50 break now
[15:20] {nemo} .50
[15:30] {Alexs} nice one nemo
[15:30] {Alexs} I like that ride
[15:30] {goinshort} nice nemo!                                                                                                                  [15:30] {nemo} market coming in a bit
01[15:30] {@Threei}  good one
[15:37] {nathan} have a good night
01[15:37] {@Threei}  you too
01[15:43] {@Threei}  OK guys, done for the day
01[15:43] {@Threei}  thank you all
01[15:43] {@Threei}  have a great evening, see you tomorrow
[15:45] {goinshort} thanks V !
01[15:46] {@Threei}  :)
[15:46] {troub} good night all.  fun to have a green day