Monday, November 3, 2014

Nov 03 2014

Started with 2 juicy wins, then took a few stops (a few too many I'd say), then finished with a few nice wins again. Still ended slightly negative - that "a few too many" part.



Session Time: Mon Nov 03 00:00:01 2014
[08:56] {dino} gm 3i
01[08:56] {@Threei}  morning dino
[09:12] {Jenh} gm 
01[09:12] {@Threei}  jen :)
[09:13] {RonS} hi everyone
01[09:15] {@Threei}  ron :)
[09:19] {RonS} 40 and raining here...wasted weekend painting hail damage...
01[09:20] {@Threei}  well, it's +40... some parts are about to get hit with -40
[09:20] {Jenh} ouch. sorry to hear to that 
[09:20] {RonS} $56 for a gallon of paint, i hate the epa...
[09:21] {RonS} Mercedes is quietly using Tesla technology in its first mainstream plug-in: http://bloom.bg/1wYgedT  
[09:26] {jfjf64} mornin
01[09:26] {@Threei}  jf :)
01[09:26] {@Threei}  to air another grievance, I passionately hate time change
[09:26] {RonS} me too
01[09:27] {@Threei}  as much as it pains me to say so, but here is one thing Putin's done well, doing away with this nonsense
[09:28] {ese} gm
01[09:28] {@Threei}  ese :)
01[09:32] {@Threei} Short Setup: FB  .30 break
01[09:32] {@Threei}  If holds  .40 
01[09:32] {@Threei}  1:1  
01[09:34] {@Threei}  Upside:
01[09:34] {@Threei}  -SAPE +42% (being acquired by Publicis Groupe)
01[09:34] {@Threei}  -GERN +30% (clinical hold on Imetelsat removed by FDA)
01[09:34] {@Threei}  -COV +27% (Stellarex assets being acquired by Spectranetics)
01[09:34] {@Threei}  -AMRE +6% (being acquired by EDENS)
01[09:34] {@Threei}  -SPCB +5.2% (earnings)
01[09:34] {@Threei}  Downside:
01[09:34] {@Threei}  -ARCP -16% (momentum from Friday's criminal probe & RCAP terminates agreement to acquire Cole Capital)
01[09:34] {@Threei}  -RCAP -2% (terminates agreement to acquire Cole Capital)
01[09:36] {@Threei} Long Setup:  VXX  .35 break
01[09:36] {@Threei}  If holds  .25 
01[09:36] {@Threei}  .1
01[09:36] {@Threei}  1:1  
01[09:37] {@Threei}  1:2  
01[09:38] {@Threei}  1:2  FB 
01[09:43] {@Threei}  if loses 75, will try for 1:4
01[09:44] {@Threei}  *(US) OCT FINAL MARKIT MANUFACTURING PMI: 55.9 V 56.2E
01[09:47] {@Threei}  1:3  
[09:48] {dino} mbly sm l .01 hooker
01[09:50] {@Threei}  thought VXX had 1:3 in it
01[09:53] {@Threei}  1:4 FB close enough, out
[09:53] {jfjf64} good job
[09:53] {dino} out mbly .40, +.39
[09:54] {jfjf64} dal
[09:54] {jfjf64} dtop
[09:54] {jfjf64} ?
01[09:55] {@Threei}  let it form better chart
01[09:55] {@Threei}  can turn into C&H easy
[09:55] {jfjf64} k
[09:55] {jfjf64} will keep i
01[09:56] {@Threei}  cross over .50, holding under .55 and loss of .45 would be nice setup
01[09:56] {@Threei} Short Setup: DAL  .45
01[09:56] {@Threei}  If holds  .55 
01[09:57] {@Threei}  Invalidated  
[09:57] {jfjf64} looked good for sec
01[10:00] {@Threei}  *(US) OCT ISM MANUFACTURING: 59.0 V 56.2E; PRICES PAID: 53.5 V 58.0E
01[10:00] {@Threei}  *(US) SEPT CONSTRUCTION SPENDING M/M: -0.4 % V 0.7%E
[10:04] {dino} rcpt smr s .01 wide
01[10:06] {@Threei} Long Setup:  CAT  .90 break
01[10:07] {@Threei}  Invalidated  
[10:14] {nemo} cat
01[10:15] {@Threei} Long Setup:  FB  75 break
01[10:15] {@Threei}  If holds  .90 
01[10:22] {@Threei}  struggle
01[10:27] {@Threei}  no go
[10:28] {dino} out crus calls last week, flat
[10:29] {jfjf64} logix can draw tred lines new upgrade
[10:31] {jfjf64} dal .50 break
[10:31] {jfjf64} watchin
01[10:35] {@Threei} Long Setup:  CAT  .65 break
01[10:35] {@Threei}  If holds  .55 
[10:36] {JoebiWan} hey gang
01[10:36] {@Threei}  hi joebi
01[10:37] {@Threei}  welcome back
[10:37] {JoebiWan} ty
01[10:37] {@Threei}  been a while since you trialed
[10:38] {JoebiWan} it has
[10:40] {dino} ingn spike
[10:42] {Jenh} dino, the spreads on the stocks you trade are insane. especially rcpt. I haven't seen spreads that wide outside of a text book 
[10:42] {Jenh} you're very brave
01[10:43] {@Threei}  this is his trademark
[10:44] {Jenh} ic
01[10:44] {@Threei}  CAT vakid
01[10:44] {@Threei}  valid too
01[10:44] {@Threei}  they require different approach Jen
01[10:45] {@Threei}  not for newer traders
[10:46] {Jenh} or maybe never for me :) i can't stomach those kinds of volume numbers
[10:46] {dino} jen, do not trade what i trade. ron is about the only one here who sees what i see
01[10:47] {@Threei}  I see it too dino but every time I do I wish I could unsee it {G}
[10:47] {Jenh} don't worry. never thought to trade what you trade. :)
[10:47] {Jenh} watching you trade is nerve wracking enough 
01[10:48] {@Threei}  pampers trade
[10:48] {jfjf64} lol
[10:48] {Jenh} lol
[10:48] {dino} control spread thru size
01[10:49] {@Threei}  Invalidated  CAT 
01[10:49] {@Threei}  and through entry/wxits imitating marketmaking
[10:49] {dino} yes
01[10:52] {@Threei} Short Setup: FB  .80 break
01[10:52] {@Threei}  If holds  .90 
01[10:55] {@Threei}  no go
[11:07] {dino} added small amt baba calls w/time into earnings
[11:07] {dino} rcpt stop ave -.38
01[11:09] {@Threei}  frozen market
[11:09] {nemo} damn HFTs
[11:09] {nemo} hey dino, watch Pats yesterday?
01[11:11] {@Threei} Long Setup:  TWTR  .20 break
01[11:11] {@Threei}  If holds  .10 
01[11:11] {@Threei}  Invalidated  
[11:12] {dino} no, had enough after watching penn state blow it saturday and the jets stink it up on sunday
01[11:12] {@Threei}  change to 41 break
01[11:12] {@Threei}  If holds  .90 
[11:12] {RonS} watched Steelers/Ravens...that was the game...what a slugfest
[11:13] {dino} pcrx smr l .15
01[11:14] {@Threei}  hmmm
01[11:14] {@Threei}  patterns disappeared
01[11:26] {@Threei} Long Setup:  VXX  .65 break
01[11:32] {@Threei}  let's go VXX
[11:32] {jfjf64} lets doit
01[11:32] {@Threei}  held nicely on pullback, now break .70 and fly
01[11:43] {@Threei}  nope
01[11:43] {@Threei}  OK, I officially dislike today
01[11:44] {@Threei}  opening was good, after that movements became random
[11:47] {dino} ditto
[11:47] {Jenh} i think we should make a formal complaint 
01[11:48] {@Threei}  I agree but to whom?
[11:48] {jfjf64} nemo
[11:49] {Jenh} nemo and nyse 
[11:49] {Jenh} cover all bases
01[11:49] {@Threei}  {Nemo} hmm, new role... usually I am a subject of commplaints
01[11:50] {@Threei} Long Setup:  FB  .70 break
[11:50] {jfjf64} he has been very quiet today
01[11:50] {@Threei}  If holds  .60 
01[11:50] {@Threei}  he is one hour behind
01[11:50] {@Threei}  cosmo can't install mirc on his spare laptop... Raven fell of his perch... I am telling you, this time change is horrible
[11:53] {dino} lol
[11:57] {RonS} true story...very few trick & treaters here and elsewhere in neighborhood...neighbor lady said "could not believe how many I had...record number...guy standing there "what were you giving out?" ...full sized candy bars... guys says "the kids probably have an app for that"...
[11:58] {Jenh} lol
01[11:59] {@Threei}  lol
01[11:59] {@Threei}  sheesh
01[12:00] {@Threei}  come on
[12:07] {jfjf64} twtr
[12:07] {jfjf64} lk lower
[12:09] {jfjf64} lol
01[12:27] {@Threei} Short Setup: TWTR  .50 break
01[12:28] {@Threei}  If holds  .60 
[12:28] {dino} out pcrx .85, +.70
01[12:31] {@Threei}  wtg
[12:32] {dino} ty
[12:32] {RonS} out pcrx 91.15 from 90.14 +1.01  thanks dino
[12:34] {jfjf64} wtg boys
[12:35] {Jenh} congratulations guys!
[12:39] {Jenh} just looked at pcrx. over .40 spread at one point. better than $1 earlier but still....
[12:39] {Jenh} too hard to watch
[12:39] {Jenh} you guys really know what you're doing
01[12:40] {@Threei}  Jen, they have this secret... don't tell anyone but it's chicken entrails hung on dartboard
[12:40] {Jenh} I KNEW IT!
01[12:40] {@Threei}  and they use a bat's collarbone as a dart
[12:41] {Jenh} of course. it all makes sense now
01[12:41] {@Threei}  almost... there is one more little thing not many know
[12:41] {Jenh} bat collarbone is the best technical there is 
01[12:42] {@Threei}  a bat must be caught at the full moon, and the intersection of Main Str and 2st Ave
01[12:42] {@Threei}  1st
01[12:42] {@Threei}  and wrapped in tea leaves for three day
01[12:42] {@Threei}  only after that collarbone is extracted
[12:42] {dino} and if you can catch an albino bat, you have to go all in
[12:43] {Jenh} i guess i have to get my net out and start brewing some tea
[12:45] {nemo} Politics and Humor @PoliticalLaughs
[12:45] {nemo} Relying on the government to protect your privacy is like asking a peeping tom to install your window blinds. - John Perry Barlow
01[12:46] {@Threei}  sounds about right
01[12:46] {@Threei}  and as relevant to trading as bat hunting
[12:47] {Jenh} lol
01[12:48] {@Threei}  break down already TWTR
[12:48] {jfjf64} step aside.50
01[12:51] {@Threei}  this time
[12:52] {jfjf64} spy must die
01[12:53] {@Threei}  FB looks breakdownish too
[12:53] {jfjf64} .10
01[12:55] {@Threei}  no news
01[12:55] {@Threei}  spike out of nowhere
01[12:56] {@Threei}  Invalidated  
01[12:58] {@Threei} Short Setup: FB  .10 break
01[12:58] {@Threei}  If holds  .20 
01[13:00] {@Threei}  1:1  
01[13:03] {@Threei}  1:2  
01[13:04] {@Threei}  1:3  
01[13:04] {@Threei}  out
01[13:04] {@Threei}  finally decent one, after two morning wins
01[13:05] {@Threei}  Saudi Aramco raises December official selling price (OSP) for Arab light crude to Asia by 95 cents; raises prices to Europe, and lowers US prices - press
[13:10] {jfjf64} twtr
[13:20] {jfjf64} im gonna skip
[13:20] {jfjf64} see all tommorrow
[13:20] {Jenh} bye jf
[13:20] {Jenh} have a great day
01[13:22] {@Threei}  take care jf
[13:28] {nemo} IWM
[13:47] {dino} added fxy puts
01[13:55] {@Threei} Long Setup:  VXX  .25 break
01[13:55] {@Threei}  If holds  .15 
[13:59] {dino} ncmi drop
01[14:05] {@Threei}  1:1  
[14:06] {dino} ncmi smr l .84
[14:09] {RonS} feds suing ncmi to stop some sort of merger...ohhh need to protect everyone from the evil cinema advertising monopoly ad empire
[14:10] {dino} hard stop at .66, lets see if it can run
[14:17] {dino} to .54
[14:18] {dino} to .74
[14:19] {dino} to .77
[14:19] {dino} slip, out .74, +.90 mcmi
[14:19] {dino} ncmi
[14:20] {dino} ron, you get that?
[14:20] {Jenh} gj dino
[14:20] {RonS} nah, distracted w/ grandkids raising hell... gj
[14:21] {dino} ty
[14:21] {nemo} velcro and superglue
[14:21] {dino} now jen, admit it, that one was a lot of fun
[14:21] {Jenh} didn't even look yet 
[14:22] {dino} pull up the daily chart
[14:23] {JoebiWan} how do you gauge when to enter a trade like that, Dino?
[14:23] {Jenh} i feel sick. and did it not trade at all from 11:30-2? 
[14:24] {Jenh} that's just scary to me
[14:24] {dino} higher lows/higher highs
[14:24] {Jenh} great job tho
[14:24] {Jenh} stomach of steel
[14:24] {JoebiWan} 1min chart?
[14:24] {dino} yes
[14:25] {Jenh} did you use regular bat or albino?
[14:25] {dino} baseball bat
[14:25] {Jenh} ah. wise move
[14:25] {RonS} half-breed?
01[14:27] {@Threei}  1:2  
[14:29] {dino} gj
01[14:29] {@Threei}  1:3  
01[14:30] {@Threei}  ty
01[14:30] {@Threei}  second 1:3er makes it better
01[14:30] {@Threei}  not positive yet but takes the sting out
[14:32] {dino} sleeper type day
01[14:32] {@Threei}  1:4
01[14:32] {@Threei}  out
[14:33] {Jenh} gj
01[14:54] {@Threei}  VXX had more in it
[15:02] {RonS} off to a meeting...later all...
01[15:03] {@Threei}  take care ron
[15:05] {Jenh} bye Ron
[15:18] {dino} xlrn drop
01[15:22] {@Threei} Long Setup:  TZA  .70 break
01[15:22] {@Threei}  If holds  .65 
01[15:29] {@Threei}  half out
01[15:29] {@Threei}  balance stop to .69
01[15:41] {@Threei} Long Setup:  VXX  .05 break
01[15:41] {@Threei}  If holds  .98 
01[15:43] {@Threei}  nah
01[15:44] {@Threei}  a few too many stops today, finishing slightly negative despite nice comeback
01[15:47] {@Threei}  thank you all, have a good evening'see you tomorrow
[15:47] {Jenh} thanks 3i! good night everyone
[15:50] {JoebiWan} bye all
[15:51] {dino} gn all