Wednesday, October 15, 2014

Oct 15 2014

Another strong day with many juicy winning trades; a bit less active than previous sessions but still.

Session Time: Wed Oct 15 00:00:00 2014
[08:59] {dino} gm
01[08:59] {@Threei}  dino :)
[09:02] {RonS} called it 3i:
01[09:02] {@Threei}  LOL!
01[09:04] {@Threei}  wasn't too difficult, really... sun rises in the east, birds fly, greece crashes...
[09:04] {RonS} heh, natural order of things...
01[09:05] {@Threei}  exactly
[09:10] {dino} greece -10% in a day, is this correct?
01[09:13] {@Threei}  don't know, can't find exact figure
01[09:14] {@Threei}  ah, here it is
01[09:14] {@Threei}  Greek stock exchange falls almost 10% largest intra-day drop in 6-years
01[09:14] {@Threei}  yup
01[09:15] {@Threei}  so, EU said: Greece still has work to do in order to pass the 5th review by Troika
01[09:15] {@Threei}  Greece in response:
01[09:15] {@Threei}  On Oct 14th recent poll shows Syriza (anti-bailout) with 6.5% lead over New Democracy (PM Samaras party) v 1.4% lead prior
[09:15] {RonS} bloomberg showing Athens exchange -6.66% 15 min ago...ut oh
01[09:15] {@Threei}  The rise in popularity of anti-bailout Syriza over the past few weeks drove market participants to sell Greek assets yesterday. Today's sell-off could be attributed to a continuation of this trend that is being exacerbated by the exit (possible margin calls) of fast money from popular 'hedge fund' trades such as tax inversions (Shire/Abbvie) and Greek bonds and stocks
01[09:16] {@Threei}  so, we are back to that song we heard a few years ago: we don't want your bailout anymore (but thanks for what we already got), and we exit your EU and Euro
01[09:17] {@Threei}  or, as dolphins said, so long and thanks for all the fish
[09:20] {RonS} intc whacked
[09:20] {troub} good morning
[09:21] {dino} so, the old joke is back...merkel arrives in greece customs office, greek guard asks "occupation?" merkel replies, "in a few weeks."
01[09:21] {@Threei}  troub :)
01[09:21] {@Threei}  I heard version "no, just visiting"
[09:25] {jfjf64} morning all
[09:26] {ese} gm
01[09:26] {@Threei}  jf, ese :)
[09:26] {Jenh} Good morning everyone!
01[09:26] {@Threei}  jen :)
[09:27] {ese} vad jf jenh dino ron et al
[09:27] {RonS} hi jen
[09:27] {ese} opps and troub
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -PENX +70% (being acquired by Ingredion for $19/shr cash; total $340M)
01[09:28] {@Threei}  -VSR +26% (Ebola momentum)
01[09:28] {@Threei}  -APT +18% (Ebola momentum)
01[09:28] {@Threei}  -PFE +18% (Ebola momentum)
01[09:28] {@Threei}  -LAKE +16% (Ebola momentum)
01[09:28] {@Threei}  -IBIO +11% (Ebola momentum)
01[09:28] {@Threei}  -ANN +8% (entered non-disclosure agreement with Golden Gate Capital)
01[09:28] {@Threei}  -ELX +6% (guides Q1 higher)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -SHPG -24% (potential deal collapse with ABBV)
01[09:28] {@Threei}  -NBG -11% (10-year govt yields continue to rise)
01[09:28] {@Threei}  -INTC -4% (in sympathy with ASML revised guidance; positive broker commentary following ASML report)
01[09:28] {@Threei}  -STAG -4% (priced offering of 5.5M shares at $21.20/shr)
01[09:28] {@Threei}  -ABBV -3% (potential deal collapse with SHPG)
01[09:28] {@Threei}  -RIO -2% (Q3 global iron ore production numbers; CEO insists fundamentals are still strong in the steel sector)
01[09:28] {@Threei}  -ASML -2% (earnings & guidance)
[09:28] {troub} and oops to you too, ese :)
01[09:29] {@Threei}  lol
[09:29] {ese} lol
[09:29] {RonS} scanner wicked fast now
[09:30] {jfjf64} what scanner u use rs
[09:30] {RonS} madscan
01[09:31] {@Threei} Long Setup:  CCL  .10 break
01[09:31] {@Threei}  If holds  34
01[09:31] {@Threei}  Invalidated
01[09:32] {@Threei} Long Setup:  DAL  .80 break
01[09:32] {@Threei}  If holds  .70
01[09:32] {@Threei}  1:1
01[09:32] {@Threei}  1:2
01[09:32] {@Threei}  1:3
01[09:33] {@Threei}  1:4, out
[09:33] {jfjf64} ty chief
01[09:33] {@Threei}  yw
[09:34] {dino} 16242 gap filled and then some, s/p gap 1844
[09:34] {jfjf64} rcl
[09:35] {dino} 16.36 s3
[09:36] {dino} 16,036 i mean, busted anyway
[09:36] {dino} ddd green
[09:37] {nemo} spy into 184 gap
[09:39] {nemo} 184.20
[09:39] {RonS} wow vix at 27
[09:40] {jfjf64} gld pushin
[09:41] {nemo} out of Vodka again...oy Guiness stout in the morning
[09:41] {dino} yum
[09:41] {dino} land shark last night
[09:42] {ese} 10% correction almost spyders 184 need to get to 180 at least
[09:42] {dino} 183.773 s3
[09:43] {nemo} 184.20 gap
[09:44] {nemo} pukage time
01[09:44] {@Threei} Long Setup:  CCL  .15 break
01[09:44] {@Threei}  If holds  .05
[09:44] {dino} emes sm l .19
01[09:45] {@Threei}  1:1
01[09:46] {@Threei}  1:2
[09:47] {dino} out emes 71.68, +1.49
01[09:47] {@Threei}  wtg
[09:47] {dino} ty
[09:47] {dino} probably early, but mad markets
[09:47] {ese} this don't look like no bottom to me......not enough volume there
[09:48] {dino} athm green
[09:48] {ese} not like 08 Oct/Nov......that was massive
[09:48] {nemo} ese, you don't see the volume spikes like pre HFT and algo days
[09:49] {dino} luv sm l .51
[09:49] {ese} ya true
[09:49] {nemo} institutional orders are broken up into 1 to 200 share lots
[09:49] {dino} out luv .81, +.30
[09:50] {jfjf64} ty ccl
01[09:50] {@Threei}  1:3
[09:50] {dino} ccl holds well
[09:50] {jfjf64} ;
[09:50] {dino} feye green
[09:50] {ese} hmmmmmmm......theoretically things should take onger then
01[09:50] {@Threei}  1:4, me out
[09:50] {ese} longer
[09:50] {dino} gj
[09:50] {ese} nice one vad
01[09:50] {@Threei}  ty
[09:51] {jfjf64} nice chief
[09:51] {dino} ese, drops are faster imo
[09:51] {dino} 10-15 minutes -300, pretty fast, that used to take hours
[09:52] {dino} markets controlled by traders, not investors
[09:52] {ese} I'd have to agree with least since i've been market involved 98/99
[09:52] {nemo} did 75% of the atr in less than 15 minutes
[09:53] {ese} being all electronic for sure.......more human element back then
[09:53] {dino} little guy not involved anymore. just ask your friends
[09:53] {dino} been burned too bad and too often
01[09:53] {@Threei} Short Setup: GLD  .40 break
[09:53] {ese} likewise
01[09:54] {@Threei}  If holds  .50
01[09:55] {@Threei}  valid
[09:55] {RonS} took emes 70.73 ave out 72.85 +2.12
[09:56] {dino} gj
[09:56] {dino} pulp
[09:56] {jfjf64} nice rs
01[09:56] {@Threei}  Invalidated
01[09:56] {@Threei}  wow ron
[09:56] {ese} eeeeowwwwwwzzzzaaaaaa1!!!!!!! nice one ron
[09:57] {dino} ron, you're making my emes trade look bad
[09:58] {RonS} you put me on it...not today but couple of days ago...crude bounce off 80 looks real
[09:59] {nemo} it's real for a couple of days anyway
01[09:59] {@Threei}  GLD got away
[09:59] {nemo} just like this spy gap fill is likely a short term bottom
[09:59] {jfjf64} yes it did
[09:59] {RonS} lol...actually meant just today...
[10:01] {nemo} iwm gap closeing
[10:01] {nemo} holy shit
[10:02] {RonS} panw one to watch...seems to always bounce on tv, now 16000 enterprise customers saying been eating everyone's lunch w/ total enterprise security solution
01[10:02] {@Threei}  argh... GLD
[10:02] {ese} indeed.........looking like a big turn around day now
[10:02] {jfjf64} makin me sick
[10:02] {jfjf64} gld
[10:04] {jfjf64} vxx
[10:05] {dino} gwph sm l .10
[10:07] {dino} out gwph .61, +.51
[10:07] {jfjf64} nice dino
[10:08] {nemo} iwm green
[10:08] {dino} ty
01[10:08] {@Threei} Long Setup:  VXX  .50 break
01[10:09] {@Threei}  1:1
01[10:09] {@Threei}  lol
01[10:09] {@Threei}  1:2
[10:10] {jfjf64} yeah mama
[10:10] {jfjf64} fast
[10:10] {jfjf64} trading
[10:11] {jfjf64} t/s going crazy
[10:13] {jfjf64} dal has look
[10:16] {RonS} damn emes had another 2 bucks
[10:16] {nemo} algo all green
[10:16] {nemo} not a single red stock
[10:16] {jfjf64} better cancel trip nemo
[10:17] {nemo} why
[10:17] {dino} where you headed nemo?
[10:17] {nemo} Ft. Meade
[10:17] {jfjf64} lots of bennies to take
[10:17] {jfjf64} ft meade
[10:18] {nemo} yep
[10:18] {jfjf64} twtr nice pull bk
[10:19] {RonS} appropriate:
[10:19] {jfjf64} what da ya hv planned  ft meade
[10:19] {nemo} dedication ceremony
[10:19] {jfjf64} that s nice
[10:21] {jfjf64} ya drivin there
[10:21] {nemo} flying
[10:21] {jfjf64} or flyin
[10:22] {dino} enjoy nemo
[10:22] {nemo} that's the plan...going to Oriole's game tonight
[10:23] {dino} awesome
[10:23] {nemo} yeah, it's a beautiful park...been there can stand on Eutaw street and watch the game
[10:23] {jfjf64} that sd be big game
[10:23] {jfjf64} orioles need win
[10:24] {dino} was down on inner harbor for a wedding, very nice
[10:24] {nemo} yeah, just don't stray too far
[10:24] {jfjf64} lol
[10:24] {jfjf64} exactly
[10:24] {nemo} there's a large predator population in the area
[10:24] {jfjf64} lol
[10:24] {nemo} was there with my uncle and his wife when he was in his 70's
[10:25] {nemo} had been separated for a couple of minutes
[10:25] {dino} yeah, back when usf&g was in business they blamed balitmore for their downfall
[10:25] {ese} L aria .37
[10:25] {nemo} I'm coming back and they were circling them
01[10:27] {@Threei} Long Setup:  GLD  119 break
01[10:27] {@Threei}  If holds  .90
[10:29] {nemo} algo heavy green yet indexes retreating...oh oh
[10:30] {ese} out aria .39 +.02
[10:30] {ese} no momo
[10:30] {ese} thought it might have been able to get to .50
[10:30] {jfjf64} die mkt
01[10:31] {@Threei}  1:1
[10:34] {ese} bastard.....oh well....not the first time thats happened
[10:38] {dino} gwph sm l .24
[10:39] {dino} opps .26
[10:41] {dino} .70 giving it trouble
[10:44] {dino} partial out .73, +.47
[10:45] {dino} out remainder .50 +.24, markets dropping
[10:50] {RonS} gdot pressure
[10:51] {nemo} hit the g spot
[10:51] {dino} gwph sm l .01 ave
01[10:54] {@Threei} Long Setup:  FB  .80 break
01[10:54] {@Threei}  If holds  .70
01[10:54] {@Threei}  Invalidated
01[10:55] {@Threei}  valid again
01[10:55] {@Threei}  nah
01[10:56] {@Threei}  leaving it alone, hectic
[10:56] {nemo} it's gonna go down to vwap
[11:00] {dino} out adf .33, +.31
[11:01] {nemo} FB likely a short here
[11:03] {RonS} nus hung
01[11:04] {@Threei}  not bad ron
[11:05] {nemo} wow
[11:06] {dino} range bound
[11:06] {nemo} pretty amazing the 1 minute range in spy
01[11:19] {@Threei} Long Setup:  VXX  .10 break
01[11:19] {@Threei}  If holds  41
[11:20] {dino} gotta hop for hour or so, tax time/accountant meeting
01[11:20] {@Threei}  need help to hide a body?
[11:20] {dino} lol
01[11:20] {@Threei}  1:1
01[11:21] {@Threei}  1:2
01[11:21] {@Threei}  1:3
[11:23] {jfjf64} ty
01[11:24] {@Threei}  yw
[11:25] {jfjf64} ty
[11:25] {jfjf64} dal
[11:25] {jfjf64} ty
[11:29] {jfjf64} keep eye vxx
01[11:59] {@Threei}  Trading volumes are running about double recent levels this morning as wild moves whip around markets. The DJIA has moved 600 points in the first 1.5 hours of trading, dropping 300 points before and just after the open then bouncing higher. The S&P500 dipped below 1840 briefly, to lows last seen in mid April, before bouncing back. With volatility running very hot, the VIX is up sharply, touching 28 at its highs
01[12:22] {@Threei} Long Setup:  VXX  .10 break
01[12:22] {@Threei}  If holds  42
01[12:22] {@Threei}  1:1
01[12:22] {@Threei}  perfect bottoming tail
01[12:22] {@Threei}  1:2
01[12:36] {@Threei} Long Setup:  IWM  .80 break
01[12:36] {@Threei}  If holds  .70
01[12:37] {@Threei}  just a scalp this time...
01[12:37] {@Threei}  oh well, getting spoiled by all the 1:3s and 1:5s :)
01[12:42] {@Threei}  (US) President Obama to meet with officials responsible for managing Ebola outbreak at the White House later today, to make statement - press - Obama postpones political campaigning trip to New Jersey, Connecticut
01[12:42] {@Threei}  wow... NOW I am scared
01[12:42] {@Threei}  if campaigner-in-chief suspends campaigning, this is serious
[13:01] {jfjf64} this is crazy logix my profits get to certain number I cant put trade in
[13:01] {jfjf64} happened to me Monday also
01[13:02] {@Threei}  hmm?
[13:02] {jfjf64} there response server connection is bad
01[13:02] {@Threei}  you spoke to them?
[13:02] {jfjf64} yes
01[13:02] {@Threei}  what does it have to do with profits?
[13:02] {jfjf64} Skype with them
[13:03] {jfjf64} seems once I get to say 1000 + they have me on lock down
[13:05] {jfjf64} i understand with losses for day
[13:05] {jfjf64} but not profits
01[13:05] {@Threei}  this makes zero sense
[13:06] {jfjf64} they said 100% not reason
01[13:06] {@Threei}  I am sure it's not
[13:06] {jfjf64} bad connection server
[13:07] {cosmo} casino fix...
[13:08] {dino} .
[13:08] {RonS} -
[13:09] {RonS} and they should not have let her...idiots:  CDC on 2nd infected healthcare worker: 'She should not have traveled on a commercial airline'
[13:10] {dino} oh geez
[13:15] {jfjf64} in message console logix what is ya ttr  at
01[13:16] {@Threei}  23
[13:16] {jfjf64} im at 21 ms
[13:16] {dino} lod
01[13:20] {@Threei} Long Setup:  IWM  .40 break
[13:21] {jfjf64} not yet
01[13:21] {@Threei}  change to .30
01[13:21] {@Threei}  If holds  .20
01[13:21] {@Threei}  IWM is holding better than SPY, should bounce first
01[13:22] {@Threei}  change to .20
01[13:23] {@Threei}  1:1
01[13:23] {@Threei}  in a hurry
[13:23] {dino} fas smr l .62
[13:25] {dino} too soon stop .32 -.30
[13:33] {dino} re-load .60
[13:34] {nathan} hi gents
01[13:34] {@Threei}  hey nathan
01[13:34] {@Threei}  whatever you do, do not watch how we ended yesterday
[13:35] {nathan} i did it this morning
[13:35] {nathan} :-)
[13:35] {nathan} man, what a shame!
[13:37] {dino} stopped again
[13:41] {dino} rinsed again
[13:48] {dino} gwph sm l .56
[13:54] {dino} out gwph .45, +89
[13:54] {dino} .89
[13:54] {RonS} gj
[13:55] {dino} ty
[14:05] {nathan} gj dino
[14:10] {dino} ty
[14:18] {nathan} well day done here
[14:18] {nathan} don't want to spoil it as usual
01[14:18] {@Threei}  don't
01[14:19] {@Threei}  profot preservation procedure is a must
01[14:19] {@Threei}  profit too
01[14:19] {@Threei}  here is a bit of wisdom for the day:
[14:19] {nathan} yeah that's why i want to stop today
01[14:19] {@Threei}  most idiots don't know what to do with either, losses and profits,
01[14:20] {@Threei}  some do know what to do with losses, and that's your firsat step away from idiocy
01[14:20] {@Threei}  but that's not enough,
01[14:20] {@Threei}  when you know what to do to keep your profits - that's when you say good bye to idiocy
01[14:20] {@Threei}  because,
01[14:21] {@Threei}  and this is second bit of wisdom for the day:
01[14:21] {@Threei}  Matket is the easiest place to make money, and the hardest place to keep it
[14:21] {nathan} got it 3i!
01[14:21] {@Threei}  With these two buggest of wisdom, I feel my debt to mankind if paid
01[14:21] {@Threei}  is
01[14:21] {@Threei}  niggets
01[14:22] {@Threei}  jnuggets
01[14:22] {@Threei}  jeez
01[14:22] {@Threei}  someone cut my wrists
[14:22] {nathan} :-)
[14:22] {jfjf64} heels
01[14:22] {@Threei}  typing with fins
[14:23] {jfjf64} ya wisdom for day is so true
[14:23] {jfjf64} learn to keep it
[14:23] {nathan} the problem is when you start thinking on money instead of thinking to pick the right trade
01[14:23] {@Threei}  everyone remembers where the profit preservation procedure is described?
01[14:23] {@Threei}  yes nathan
01[14:24] {@Threei}  don't trade to make money
01[14:24] {@Threei}  nemo has great analogy for that,
01[14:24] {@Threei}  about archers' training
[14:24] {nathan} that's what has been my problem lately
[14:26] {nathan}
01[14:26] {@Threei}  this is it
[14:27] {nathan} by the way, where's nemo?
01[14:27] {@Threei}  gone till monday
[14:28] {nathan} ok so...
[14:28] {nathan} cya tomorrow
[14:28] {nathan} have a good night
01[14:29] {@Threei}  you too
[14:30] {jfjf64} great analogy good stuff
01[14:31] {@Threei}  ty
01[14:32] {@Threei}  nemo's one is great too, and very true
[14:32] {jfjf64} what is nemos
01[14:32] {@Threei}  archer training in Taoist monasteries starts with a year of shooting at the blank weall, no target
[14:32] {jfjf64} or do i hv towait to monday
[14:32] {jfjf64} lol
01[14:33] {@Threei}  they need to learn right technique
01[14:33] {@Threei}  without trying to hit the target
01[14:33] {@Threei}  attempt to hit the target prevents from learning correct movements, posture etc
01[14:34] {@Threei}  When those things are learned, skill to hit the target comes almost by itself, and is actually the easiest part
[14:34] {jfjf64} very good
[14:35] {jfjf64} so true to realte to our trading
01[14:35] {@Threei}  heard an exchange between old hand in photography wioth a newbie, very much along the same lines
01[14:35] {@Threei}  Guy asled him how to market his images, where to sell, how to price etc
01[14:36] {@Threei}  His answer made me smile
01[14:36] {@Threei}  "First learn to make images worth selling. Sales will come by themselves"
[14:37] {jfjf64} priceless
01[14:37] {@Threei}  isn't it
[14:37] {jfjf64} so true
[14:38] {jfjf64} mytrading carrer is process if call carrer
[14:39] {jfjf64} learnin to loss was big part of it
[14:40] {jfjf64} learnin to profit and hold profits is huge
01[14:40] {@Threei}  hmmm... I see my typing is contagious
[14:40] {jfjf64} getting there
[14:40] {jfjf64} lol
01[14:40] {@Threei}  sorry jf...
[14:40] {jfjf64} typing with heels
[14:40] {jfjf64} eyes close
[14:46] {jfjf64} liked ccl short.46
[14:47] {jfjf64} still cant put orders in
[14:47] {jfjf64} one way to keep profits
01[14:49] {@Threei}  lol
[14:57] {jfjf64} gonna run
[14:57] {jfjf64} good nigt
[14:57] {jfjf64} ty
01[14:58] {@Threei}  take care jf
01[15:18] {@Threei} Long Setup:  VXX  .70 break
01[15:19] {@Threei}  If holds  .60
01[15:19] {@Threei}  change to .60
01[15:19] {@Threei}  lol
[15:28] {RonS} outta here...thanks 3i... good night to all
01[15:28] {@Threei}  take care ron
[15:38] {dino} have to go, my father-in law just died
01[15:38] {@Threei}  ouch
01[15:38] {@Threei}  sorry
01[15:38] {@Threei}  OK guys, see you tomorrow
[15:39] {dino} sucks, he was like a father to me for the last 21 years, as my father died 26 years ago
01[15:40] {@Threei}  :(