Thursday, August 21, 2014

Aug 21 2014

Back and forth, 'round and 'round. Meaningless day, slightly negative. August can't end soon enough.

Session Time: Thu Aug 21 00:00:00 2014
[09:02] {dino} gm
01[09:02] {@Threei}  morning dino
01[09:10] {@Threei}  video is in russian but you won't need translation:
[09:18] {troub} good morning
01[09:19] {@Threei}  troub :)
[09:19] {mib_stillstanding} ditto
01[09:19] {@Threei}  mib :)
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -TKMR +6% (continued Ebola momentum)
01[09:27] {@Threei}  -JRJC +5% (continued momentum)
01[09:27] {@Threei}  -HRL +4.2% (earnings)
01[09:27] {@Threei}  -AUXL +3.8% (positive Phase 2a study of CCH in patients with cellulite)
01[09:27] {@Threei}  -SMTC +3.8% (earnings)
01[09:27] {@Threei}  -CMG +2.5% (positive broker commentary)
01[09:27] {@Threei}  -AZN +2.2% (part of new partnership to redefine companion diagnostics for oncology)
01[09:28] {@Threei}  -PLCE +5% (earnings)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -KIN -30% (top-line data on CereKin in dogs w/osteoarthritis shows failure to meet primary endpoint)
01[09:28] {@Threei}  -WUBA -9% (earnings)
01[09:28] {@Threei}  -SHLD -2.5% (earnings)
01[09:28] {@Threei}  -DG -2% (rejection of offer based on anti-trust concerns)
01[09:28] {@Threei}  -GES -4% (exec departure)
01[09:32] {@Threei} Short Setup: FB  .10 break
01[09:32] {@Threei}  If holds  .20
01[09:35] {@Threei}  GOGO Hearing strength attributed to takeover chatterVerizon rumored to be interested
01[09:36] {@Threei}  trail to .16
01[09:36] {@Threei}  half out
01[09:37] {@Threei}  to .11
[09:43] {ese} du du du du....sitin watching the market trade away.......du du du...and forgot to sign in
[09:43] {ese} mornin
01[09:43] {@Threei}  ese :)
01[09:47] {@Threei} Short Setup: FV  .05 break
01[09:47] {@Threei}  If holds  .15
[09:47] {nemo} ?
01[09:47] {@Threei}  FB
01[09:48] {@Threei}  crap... 1:1
01[09:48] {@Threei}  sorry for mistype
01[09:51] {@Threei}  1:2... shoot me now
01[09:57] {@Threei} Long Setup:  TWTR  .30 break
01[09:57] {@Threei}  If holds  .20
01[09:57] {@Threei}  with early trail
01[09:59] {@Threei}  *(US) JULY EXISTING HOME SALES: 5.15M V 5.02ME
01[09:59] {@Threei}  *(US) JULY LEADING INDEX: 0.9% V 0.6%E
01[10:00] {@Threei}  mixed data
01[10:00] {@Threei}  stop to .24
01[10:02] {@Threei}  meh
01[10:03] {@Threei}  market decided to die suddenly
[10:06] {mib_stillstanding} time to short something
01[10:06] {@Threei}  into bounce
01[10:06] {@Threei}  not here
01[10:11] {@Threei} Long Setup:  FB  .70 break
01[10:11] {@Threei}  If holds  .63
01[10:13] {@Threei}  something's happening behind the scenes
[10:13] {mib_stillstanding} trend is your friend?
01[10:13] {@Threei}  first time in a good while I see fear in the market
01[10:14] {@Threei}  1:1
01[10:14] {@Threei}  mib... think generic sayings known to anyone who can read will be enough to guide you in the markets? :)
[10:15] {mib_stillstanding} move stop in fb?
01[10:15] {@Threei}  partial and move stop, of course
01[10:15] {@Threei}  that's the standard procedure
01[10:16] {@Threei}  you've read it, right?
[10:17] {mib_stillstanding} read what?
01[10:18] {@Threei}  instructions how to follow the calls?
[10:19] {mib_stillstanding} was that in the previous link you sent me?
01[10:19] {@Threei}
[10:20] {mib_stillstanding} thought you posted stops as you moved them
01[10:20] {@Threei}  ok... have you read this?
01[10:20] {@Threei}  that's standard procedure that you can follow without any reminders from me
[10:21] {mib_stillstanding} reading now.
01[10:21] {@Threei}  why would I waste time typing the same thing over and over?
01[10:21] {@Threei}  now,
01[10:21] {@Threei}  there are deviations from SOP,
01[10:21] {@Threei}  in those cases I do post trails or partials
01[10:21] {@Threei}  that are not understood by default.
01[10:22] {@Threei}  tell me, d you take this seriously or just spednign time here out of boredom?
[10:23] {mib_stillstanding} serious but slow...
[10:23] {mib_stillstanding} IQ and waistsize similiar
[10:27] {mib_stillstanding} if filled on entry with 2 cents slippage still keep original target or adjust? I assume no adjustment.
[10:27] {nemo} no adjustment
[10:27] {ese} whats tweaking your thought process vad re some underlying fear.......what are you sensing.....i've been too absent this summer so am not feeling it
[10:29] {dino} lci sm l .30
01[10:29] {@Threei}  this market drop ese... was put of character
01[10:29] {@Threei}  out
[10:29] {dino} ampe hl l .76
[10:30] {dino} data sm l .88
[10:30] {ese} ya can see that.....lokin like a double top forming
[10:33] {dino} lci stop to b/e
[10:33] {dino} ampe stop =lod break
[10:33] {dino} data stop .58
[10:37] {dino} lci to .60
[10:37] {nemo} FB looks short here
[10:38] {dino} out lci .58, +.28
[10:51] {nemo} fb
[10:55] {mib_stillstanding} re your remark on 10:30 --- is anything out of character in the market? anything can happen at any time.
01[10:56] {@Threei}  market acts in a certain way for months; then makes a move against this way with no news. I'd call it "out of character"
01[10:57] {@Threei} Long Setup:  TWTR  .05 break
01[10:57] {@Threei}  If holds  .95
01[10:59] {@Threei}  Invalidated
[10:59] {mib_stillstanding} twtr invalidated
[10:59] {nemo} EBAY battle at 56
[10:59] {mib_stillstanding} told you i was slow;)
01[11:00] {@Threei}  well, seem to be catching up :)
[11:01] {nemo} the shorts win
01[11:01] {@Threei}  good read FB
[11:01] {nemo} this should determine it here
[11:02] {nemo} EBAY that is
[11:02] {nemo} indexes looking long but not much momentum
[11:04] {dino} lci sm l .30
01[11:06] {@Threei} Long Setup:  TWTR  45 break
01[11:06] {@Threei}  If holds  .94
01[11:06] {@Threei}  let's try aggressive entry
01[11:09] {@Threei}  .05 break will make or, ummm, break this trade
01[11:10] {@Threei}  Poroshenko says will urge rebel withdrawal at Minsk meeting with Putin
01[11:10] {@Threei}  Putin: I in turn will urge Porosheko withdrawal from Ukraine
[11:11] {mib_stillstanding} scary because inices at high
[11:11] {mib_stillstanding} indices
01[11:11] {@Threei}  I also wanted to urge Obama withdrawal from USA but then thought ISA should not be that lucky
01[11:11] {@Threei}  why is it scary?
[11:12] {mib_stillstanding} may not go higher than previous hihg. sideways day. would be nice if index a little lower.
01[11:13] {@Threei}  how do you know it's going to be sideways day?
01[11:13] {@Threei}  and not break of the high and move higher?
01[11:13] {@Threei}  half out TWTR
01[11:14] {@Threei}  stop .94 for now
01[11:15] {@Threei}  to .99 now
01[11:41] {@Threei} Short Setup: FB  .50 break
01[11:41] {@Threei}  If holds  .60
01[11:44] {@Threei}  Invalidated
01[11:44] {@Threei}  but on radar
[11:48] {dino} another slow august day
01[11:48] {@Threei}  yes
01[11:48] {@Threei}  either events start developing, or we get traditional sept activity pickup and then perfect tradingoctober
01[11:52] {@Threei}  FB reestablished
[12:03] {mib_stillstanding} fb short now. correct?
01[12:03] {@Threei}  yes
01[12:07] {@Threei}  stop to .56
01[12:09] {@Threei}  should have covered at .42... expectations are diminished
[12:09] {dino} lci stop .00, -.30
01[12:09] {@Threei}  slept through it
01[12:14] {@Threei}  meh
[12:14] {mib_stillstanding} FB formed a minor bull flag on 1 min. why not take b/o of it?
01[12:15] {@Threei}  where?
[12:16] {mib_stillstanding} between 12:07 and 12:11 74.42 74.52
01[12:18] {@Threei}  that would be a valid trade
[12:24] {dino} lci sm l .01
[12:26] {ese} off to a rehearsal..........Blues Bash as a matter of fact....vad you gonna come.....were on Monday Sept 1...4 o clock ish......
[12:27] {dino} enjoy eses
01[12:27] {@Threei}  take care ese, don't know yet
01[12:27] {@Threei}  where?
01[12:27] {@Threei}  ship point?
[12:29] {ese} yes
01[12:29] {@Threei} Long Setup:  TWTR  45 break
01[12:29] {@Threei}  If holds  .95
[12:32] {nemo} oy NSC
[12:34] {nemo} was there news EBAY?
[12:36] {nemo} FB coming into resistance
[12:36] {dino} all i see is possible paypal spinoff
[12:36] {mib_stillstanding} TWTR inv
[12:37] {nemo} a momentary violation may leave it in tact, arguably it drops .94, forget it
[12:38] {mib_stillstanding} discretion...
01[12:38] {@Threei}  yeah, still valid
[12:38] {nemo} EBAY loos short under 56
[12:40] {nemo} damn
[12:40] {mib_stillstanding} pot bull flag.
[12:40] {nemo} damn
[12:40] {nemo} damn
[12:41] {nemo} damn
[12:41] {nemo} Vad...hanky please
[12:42] {nemo} Vad?
01[12:42] {@Threei}  hmmm
01[12:42] {@Threei}  can't find it
[12:42] {nemo} piz....
[12:43] {mib_stillstanding} TWTR invalidated?
01[12:44] {@Threei}  on watch still
01[12:44] {@Threei}  not sure
01[12:44] {@Threei}  will call valididty if it reestablishes
[12:45] {nemo} EU rules against powerful vacuum cleaners, bans models that use above 1600 watts. Saving the planet from climate change.
01[12:49] {@Threei}  valid again
[12:49] {mib_stillstanding} what do you call someone who can suck a golf ball through 10 feet of garden hose?
[12:53] {nemo} not here mib
[12:59] {nemo} might be boredom, but the indexes look like maybe a pull in coming
[13:02] {nemo} need the finnies to break, but IWM weakest
[13:02] {mib_stillstanding} what does 'pull in' mean?
[13:03] {nemo} pull back
[13:03] {nemo} drop
[13:03] {nemo} fall
[13:03] {nemo} sorry, English a second language
[13:03] {mib_stillstanding} could have meant 'mean reversion'
[13:04] {nemo} we all know I'm mean and revert often
[13:06] {mib_stillstanding} in twtr at 45.03
[13:06] {mib_stillstanding} long
01[13:07] {@Threei}  a bit high entry
01[13:08] {@Threei}  .01 was available
[13:09] {mib_stillstanding} i have to enter manually and not on stop. i'm on demo lightspeed.
[13:10] {mib_stillstanding} do you keep your tartegt and stop orders open and cancel as appropriate? or some type of OCO?
01[13:10] {@Threei}  manual is the best way
[13:13] {mib_stillstanding} where stop on twtr?
01[13:13] {@Threei}  .94
[13:15] {mib_stillstanding} out twtr
[13:15] {mib_stillstanding} 3 cents profit
[13:16] {mib_stillstanding} at 12:50 big red volume spike. yet long still taken. ???
01[13:17] {@Threei}  ??
01[13:18] {@Threei}  how is it relevant to anything?
[13:18] {nemo} twtr right up against vwap
[13:19] {mib_stillstanding} twtr. i assumed a down bar with large volume would be a sign of weakness. yet we went long shortly afterwards.
01[13:19] {@Threei}  no
[13:19] {nemo} one downbar does not a trend make
01[13:19] {@Threei}  this is horrible oversimplification
01[13:19] {@Threei}  that one bar could have been a low block for instance, which is bullish sign
01[13:20] {@Threei}  or it could have been selling exhaustion, kind of mini-capitulation
[13:22] {mib_stillstanding} exhausion usually found at end of trend . this was in middle of a small uptrend.
01[13:23] {@Threei}  I gove up. You know everything
01[13:23] {@Threei}  give
[13:24] {mib_stillstanding} dont "know" anything. just expressing my thoughts.
01[13:26] {@Threei}  stop to .99
[13:57] {mib_stillstanding} any comments about 60 second binary options?
01[13:58] {@Threei}  yes: what the duece is that?
[14:00] {mib_stillstanding} probably a bet any amount that the price will be above current price in x seconds or minutes. If you win you get back about 1.7 or 1.8. if you lose you get back either 0 or .1
01[14:01] {@Threei}  lol
01[14:01] {@Threei}  here is comment:
01[14:01] {@Threei}  forget this fraudulent crap. learn to make money old-fashioned way
[14:02] {nemo}  what? go into politics and steal it?
[14:02] {mib_stillstanding} reason i got out of TWTR was market seems to be going nowhere. maybe does not even pay to trade in low volume sideways day.
[14:03] {mib_stillstanding} or fade breakouts. I'm sure i'll catch hell for this last comment.
01[14:03] {@Threei}  you are wrong, this is one correct comment
[14:05] {mib_stillstanding} what is min target you would trade for . 5 cents?
[14:06] {mib_stillstanding} $50 profit and $10 commision?
01[14:07] {@Threei}  10
01[14:07] {@Threei}  if 5 cents, I will tarde larger shares
[14:15] {mib_stillstanding} makes sense
[14:17] {nemo} are we ready for the spy run to 200?
[14:19] {mib_stillstanding} depends on 3I
[14:20] {mib_stillstanding} only goldman sachs and morgan stanley know!!
[14:20] {mib_stillstanding} nobody knows anything..
[14:20] {mib_stillstanding} if signal comes we take..
01[14:46] {@Threei}  [JRJC] Citron Research issues cautious tweet about the company - Citron tweets: "$JRJC a product of sloppy reporters saying this is China's first online trading. Read before you invest people. Complete nonsense"
01[14:49] {@Threei} Long Setup:  EBAY  .95 break
01[14:50] {@Threei}  If holds  .85
01[14:52] {@Threei}  1:1
01[14:52] {@Threei}  nice and easy
01[15:17] {@Threei} Long Setup:  GB  .60 break
01[15:17] {@Threei} Long Setup:  FB  .60 break
01[15:17] {@Threei}  If holds  .55
01[15:25] {@Threei}  valid
01[15:25] {@Threei}  not anymore
01[15:31] {@Threei} Long Setup:  IWM  .40 break
01[15:31] {@Threei}  .c .34
01[15:31] {@Threei}  If holds  .34
01[15:36] {@Threei}  still valid, although barely
01[15:36] {@Threei}  time's running out
01[15:40] {@Threei}  invalidated
01[15:42] {@Threei}  last atempt
01[15:42] {@Threei} Long Setup:  IWM  .35 break
01[15:43] {@Threei}  If holds  .30
01[15:44] {@Threei}  [NQ] Muddy Waters: According to, NQ is facing an "undisclosed SEC investigation"
[15:46] {dino} old news
01[15:48] {@Threei}  nah
01[15:48] {@Threei}  OK, wrapping it up
01[15:48] {@Threei}  thank you all, have a good evening
01[15:48] {@Threei}  see you tomorrow
[15:49] {dino} out lci .20, +.19
[15:50] {dino} gn all