Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Markets Shrug Off Frigid Data and Unraveling Ukraine

Stocks moved sideways early in the week as they consolidated before testing all-time highs. The S&P500 made three runs up to all-time intraday highs on the first three days of the week but closed lower, and finally closed at all-time highs of 1854 on Thursday. The debate on whether or not US growth is flagging rages on: Fourth-quarter US GDP was revised lower, while January durable goods orders were not too bad, with the non-defense, non-transport figures defying expectations for a decline to rise slightly. Retailers offered dismal quarterly numbers but their stocks saw solid gains as traders waxed optimistic about the possibility of strong spring sales (in defiance of generally poor guidance numbers). The events in Ukraine have provided a very dramatic backdrop to trading, culminating with a fresh crisis as Russia appears to be working hard to hold onto Crimea. After peaking around $5.20, the hot air came out of natural gas futures and the contract exited the week around $4.60, in part due to the front month contract roll-over. Meanwhile crude has been rock solid in the $102 handle. The Friday afternoon equity selloff was blamed on month-end pension rebalancing and another flare up in Crimea. For the week, the DJIA rose 1.4%, the S&P500 gained 1.3%, while the Nasdaq added 1%.

In an ironic twist, Fed Chair Yellen talked on Thursday about the economic impact of severe winter weather during Senate testimony that had been delayed by severe winter weather. Yellen said it was as yet unclear to what degree the weather has disrupted the economy but was quite precise on the drag imposed by Congress's fiscal policies, which she said have subtracted 1.5% from growth. Yellen also made it pretty clear that the 6.5% unemployment threshold has been de-emphasized as a key threshold for the economy, but was vague on the indicators the FOMC would be considering moving forward. While other Fed speakers offered supportive commentary that left little doubt that the taper would continue unchanged, there was more uncertainty regarding on how to untangle communications challenges on forward guidance as the Fed considers shifting back to more qualitative guidance.

- On Friday, Fourth-quarter US GDP was revised lower in the second reading to +2.4% from the +3.2% advance reading published a month ago. Analysts see weak consumer spending in the final quarter of 2013 behind the revision lower; the personal consumption component was revised down to +2.6% from +3.3%. After the data, Fed Governor Bullard said the outlook remains pretty favorable for 2014 even if GDP was revised lower, with second half of 2013 GDP still around +3%.

- Just weeks after the FCC's 'net neutrality' rules were struck down, Netflix agreed to pay Comcast for a direct connection to its internet service customers. The terms of the deal were not disclosed, but it appears that Comcast will connect directly with Netflix - which will mean that CDNs like Level 3 and Limelight Networks will no longer be getting the same fees from Netflix. Verizon said it was working on a very similar deal with Netflix, while there were rumors AT&T has already reached a deal.

- The 2014 Mobile World Congress 2014 took place in Barcelona this week. Nokia unveiled an Android-based smartphone priced at $129 and also unveiled another bare bones smartphone that sells for $67. Ford dropped Microsoft in exchange for BlackBerry to run its Sync in-car communications and entertainment system. Deutsche Telekom said it was developing a secure voice and text app in the wake of the Snowden affair and the Facebook/WhatsApp deal.

- Shares of Tesla gained another 20% this week after the company disclosed that it was massively expanding its battery manufacturing plans with Panasonic. The two companies have agreed to invest up to $5 billion in a plant, "the gigafactory," with a capacity amounting to 30 gigawatts worth of lithium ion batteries a year by 2020. That's enough for 500K vehicles, more than total global production in 2013. Tesla offered $2B in convertible notes this week to fund the venture.



- A long list of major retailers reported fourth quarter results and the numbers were very mixed. With few exceptions, revenue and earnings declined and comps were negative. Macys eked out positive comps while Best Buy saw a big y/y improvement in profits, compared to its formerly collapsing numbers. Target and Kohls had very poor results, while corporate downer Sears Holdings' numbers were epically poor. Late in the week reports suggested Sears may also have been the victim of a data breach like the one that hit Target. Revenue and sales comps held up surprisingly well at Home Depot and Loews, given weakness in housing and tough y/y comps from Sandy last year. Abercrombie & Fitch delivered a surprising EPS beat, Gap was middling and TJX was pretty poor. JC Penny managed to report its first positive sales comp since the second quarter of 2011 and saw a big recovery in margins. Investors looked past the bad news to the possibility of a strong spring selling season after a hard winter and shares of nearly all major retailers saw solid gains on the week.

- Toll Brothers' headline numbers in its first quarter were not terrible, with earnings above expectations and revenue up very strongly on a y/y basis. However the firm's metrics reflected the housing market slowdown seen in data over recent months: orders fell 6%, the first decline in nearly three years. Additionally, Toll trimmed its FY14 homes outlook slightly and said severe winter weather was holding back sales.

- The euro stayed pretty steady for the first half of the week, until the German government failed to sell a full allotment of 30-year bunds Wednesday morning. This was the second uncovered auction in a week after a German 10-year auction was technically uncovered last week. While the declining demand for fixed income instruments is not a new story, the uncovered auction weakened the euro and sent EUR/USD down to 1.3660. The pair broke lower to 1.3640 on Thursday after German state February CPI inflation figures came in pretty weak. Better Eurozone February CPI on Friday sent EUR/USD out to fresh YTD highs, above 1.3800.

- The Chinese Yuan continues to weaken in a dramatic fashion. On Monday USD/CNY hit 6.11 and by Friday the pair had briefly seen 6.17, a ten-month high. Friday also saw the biggest one-day decline in the pair since Spring 2007 after Chinese regulator SAFE said the moves in the currency were not extreme but were normal, confirming suspicions that Beijing was happy to see the currency move lower. The emerging consensus is that the government is weakening the yuan in order to deter capital inflows and crack up the carry trade. Friday night will see the release of Chinese manufacturing PMI data that will give traders something to chew on over the weekend.

TradeTheNews

Feb 28 2014

Positive day ends a week consisting of 5 positive trading sessions. Nice streak to have. Got market reversal right and made a few nice shorts, including two on FB, some bounces on FB and EBAY, etc. EBAY has become quite nice trading vehicle lately.

Session Time: Fri Feb 28 00:00:00 2014

[08:23] {dino} gm

[08:34] {fish_49} gm Dino

[08:34] {fish_49} I just grabbed the NQ  short 3699

[08:35] {fish_49} the news was not terrible  but not good  futures  have not moved significantly yet

[08:41] {dino} bit distracted

01[08:44] {@Threei}  morning guys

[08:44] {fish_49} morning

[08:57] {nemo} GDP revised down...crickets...must be the weather...can you say "bull market"?

01[08:59] {@Threei}  well... there is always taper of taper to taper the fear

[08:59] {nemo} hurts just reading that sentence

01[09:00] {@Threei}  sorry

[09:03] {dptl} morning all

[09:06] {RonS} gm everyone...chi pmi 9:42 est...

01[09:06] {@Threei}  dp, ron :)

[09:06] {nemo} we're going higher

[09:07] {fish_49} maybe so Nemo Toad

[09:07] {fish_49} I'm getting ready to get stopped out on the NQ trade

[09:08] {nemo} you short?

[09:08] {fish_49} yea 

[09:08] {fish_49} small risk  in front of the news  my loss will be small

[09:09] {nemo} which is more than we can say regarding your prescence here

[09:09] {fish_49} thanks for recognizing

[09:17] {munky} morning

01[09:17] {@Threei}  munky :)

[09:19] {mojo1} morning

01[09:19] {@Threei}  mojo :)

[09:19] {nemo} looks like it's gonna' be a slow day

[09:20] {dino} summer friday

[09:20] {dino} :)

[09:20] {darekj} gm all

01[09:20] {@Threei}  dino, darek :)

[09:20] {dino} another 12" predicted for sunday night into monday here

[09:20] {dino} of snow

01[09:20] {@Threei}  oh boy

[09:21] {RonS} BREAKING: Citigroup cuts 2013 earnings after finding fraud at Mexico unit

[09:21] {fish_49} glad I didn't sell the snow blower yet

01[09:22] {@Threei}  fraud? in bank? in Mexico? nooooooooo,,,

[09:22] {nemo} we're getting another storm Sunday night

[09:22] {dino} must be one hell of a fraud to knock c down

[09:28] {nemo} not by much...it'll be right back up

[09:28] {nemo} bull market

01[09:28] {@Threei}  C frmed .20 - .30 range

[09:29] {dino} crm, mdvn, kbr, cgen

01[09:29] {@Threei}  couple min in this range, and open break setup will be in play

01[09:30] {@Threei} Long Setup:  C  .30 break

01[09:30] {@Threei}  If holds  .20 

01[09:32] {@Threei}  Invalidated  

01[09:35] {@Threei} Short Setup: EBAY  .85 break

01[09:35] {@Threei}  If holds  .95 

[09:36] {nemo} dino deck

01[09:36] {@Threei}  1:1  

[09:36] {munky} man i missed it 

[09:36] {munky} and fingrer on trigg

[09:36] {nathan} i missed too

01[09:36] {@Threei}  1:2  

[09:36] {fish_49} got half my l;ot

[09:37] {dino} cgen smr l .45

01[09:37] {@Threei}  1:3  

01[09:37] {@Threei}  get out fish

[09:37] {fish_49} out in full

[09:37] {RonS} cgen secondary announced...no price...

[09:37] {fish_49} never had chance to partial

[09:38] {munky} it was .87 and i had fing on trigg and blew passed me

[09:39] {darekj} ty Vad

[09:40] {dino} crm smr l .60

01[09:40] {@Threei}  darek :)

01[09:41] {@Threei} Long Setup:  EBAY  .55 break

01[09:41] {@Threei}  If holds  .45 

01[09:42] {@Threei}  no go

[09:43] {fish_49} sitting on hands until news comes out

[09:44] {nemo} bad will be blamed on the weather...don't worry about it

01[09:45] {@Threei}  *(US) FEB CHICAGO PURCHASING MANAGER: 59.8 V 56.4E

[09:45] {nemo} good news

01[09:45] {@Threei}  mostly, yes

01[09:46] {@Threei}  new orders down a little

[09:46] {fish_49} MI Sent?

01[09:46] {@Threei}  and orders backlog

[09:46] {nemo} bad news is bought so this will be in the bought category

[09:50] {dino} crm wall .00, keeps getting rejected

01[09:51] {@Threei} Long Setup:  FB  .55 break

01[09:51] {@Threei}  If holds  .45 

01[09:54] {@Threei}  come on... 1 cent to 1:1?

01[09:54] {@Threei}  stop to .49

01[09:55] {@Threei}  *(US) FEB FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 81.6 V 81.2E V

[09:55] {nemo} the lumpens have spoken

01[09:57] {@Threei}  C is positive

01[09:58] {@Threei}  out

01[10:00] {@Threei}  *(US) JAN PENDING HOME SALES M/M: 0.1% V 1.8%E; Y/Y: -9.1% V -10.8%E

01[10:03] {@Threei} Long Setup:  GM  .25 break

01[10:04] {@Threei}  If holds  .15 

01[10:05] {@Threei}  let's change it to .20 break, if holds .10

01[10:14] {@Threei} Long Setup:  P  .12 break

01[10:14] {@Threei}  If holds  .02 

[10:14] {nemo} P on red side of algo

[10:17] {fish_49} GM on their Union Lunch Break?

01[10:17] {@Threei}  no kidding

[10:18] {nemo} said the retired club Fed employee

01[10:18] {@Threei}  let's trail it to .14

01[10:21] {@Threei}  P is valid

[10:24] {thomcbell} gm

01[10:24] {@Threei}  thom :)

01[10:24] {@Threei}  ok GM... you are our last hope

01[10:24] {@Threei}  (lord help us)

[10:25] {fish_49} lol

[10:27] {fish_49} out half

01[10:29] {@Threei}  hard to believe eh?

[10:29] {fish_49} If it gets to 1:3  b4  dinner  I will start paying Union Dues

01[10:29] {@Threei}  lol

[10:30] {fish_49} out here on the trail

01[10:30] {@Threei}  btw guys, so I don't forget to impart this nugget of wisdom you may need for the weekend

01[10:30] {@Threei}  Psycologists say hugging 8 people a day lifts your mood significantly. Alterantively, hitting just one in the nose gives statistically equal result.

[10:31] {fish_49} hahahahahahaha

[10:31] {thomcbell} splk my good ness

01[10:31] {@Threei}  fish, how do you trail them?

01[10:31] {@Threei}  trailing stop is .19 now

01[10:31] {@Threei}  and it was never hit

[10:32] {fish_49} .21 in this case

[10:33] {fish_49} it's not how I normally trail

[10:33] {fish_49} I usually look for the recent low of a bounce and 1 tick under that

[10:33] {fish_49} in this case actually I would have trailed to .15

[10:33] {fish_49} but  I wanted out

[10:35] {fish_49} I didn't say I was 100% cured of my fear issue..  I said  it's getting much better

[10:35] {fish_49} lol

01[10:37] {@Threei}  watching EBAY for reversal up

[10:38] {fish_49} around .65 area?

01[10:39] {@Threei}  just need to form a setup

[10:39] {fish_49} or perhaps down near .25

[10:40] {fish_49} coffee time  hold the set up

[10:41] {dino} chaos here today, too many distractions

06[10:41] * @Threei hands dino AK-47 to deal with distractions quickly and effectively

[10:42] {fish_49} sorry Dino  I will shhhhhh

[10:43] {thomcbell} c 0.65 short break vad}

[10:43] {dino} no, i mean at my house, contractors, delivery guys, wron color fixtures, etc

01[10:43] {@Threei}  looks right although I'd prefer .70

[10:45] {dino} alny drop

[10:48] {fish_49} when you say you prefer .70  you mean long 

[10:48] {RonS} rvlt l .19

01[10:49] {@Threei} Long Setup:  EBAY.90  break

01[10:49] {@Threei}  If holds  .90 

01[10:49] {@Threei}  If holds  .80 

[10:52] {RonS} out rvlt flat...should have popped...

01[10:52] {@Threei}  1:1  

01[10:53] {@Threei}  did I wait enough for your coffee to arrive fish?

[10:53] {fish_49} yea  

[10:55] {fish_49} you asked earlier about my trails  I am trailing that  to .85  right now

01[10:57] {@Threei}  .89 here

[10:57] {munky} gm stopped correct?

[10:58] {fish_49} .99 trail now

[10:58] {dino} out ebay .11, +.19 ty vad

01[10:58] {@Threei}  yw

01[10:58] {@Threei}  1:2  

01[10:58] {@Threei}  balance srtopped on a trail after 1:1 partial out, yes

[10:58] {fish_49} out in full

[10:59] {fish_49} ty vad

[10:59] {thomcbell} swks 35.70 short break if holding 35.80 

01[10:59] {@Threei}  yw

01[10:59] {@Threei}  1:3  

01[10:59] {@Threei}  out

[11:00] {fish_49} that made up for a mistake I made this morning

01[11:05] {@Threei}  you mean that NQ short?

[11:05] {fish_49} no that was not a mistake  I was fine with that the risk was small

[11:06] {fish_49} you know  I always use hard stops

[11:06] {dino} ubnt drop smr l .98

[11:07] {fish_49} I was placing a hard stop and accidently doubled my position on a loser  

[11:07] {fish_49} Got out with the hot key but magnified my loss a bit

[11:07] {fish_49} I know you hate hard stops  But I will never give in  I will always use them

[11:11] {dino} i use them a lot fish

[11:11] {dino} except on gappers

[11:14] {mojo1} dino, ur gappers are like the grand canyon. lol

[11:16] {dino} out ubnt .38, +.40

[11:17] {dino} my edge mojo

[11:19] {RonS} mojo, dino sits on both sides bid/ask, and buys/sells to himself and makes money...Madoff taught him...

[11:20] {fish_49} lol

[11:20] {munky} lol

[11:25] {dino} lol ron, but seems to me you trade a lot of similar types

[11:26] {nemo} he's your groupie

[11:26] {munky} i noticed ron trades similar to dino, but less amplifioed

[11:27] {munky} dino vacations grande canyon...ron niagra falls

01[11:28] {@Threei}  and I have this bamboo waterfall in my backyard, 3 ft high

[11:29] {fish_49} I'm sure to an insect, it seems like Niagra

01[11:30] {@Threei}  neighbor's cat has healthy respect for it

[11:34] {dino} ubnt drops again

01[11:35] {@Threei}  statement from new Ukraine PM that can be translated: I have no idea what I am doing

01[11:35] {@Threei}  Yatseniuk intends to heal Ukraine’s economy with Euro-integration, austerity and monetary stimulus

01[11:35] {@Threei}  austerity and monetary stimulus?

[11:36] {thomcbell} small long ubnt

[11:37] {thomcbell} target 50ish

[11:37] {dino} drna drop

[11:38] {thomcbell} small ibd'er shakeout on ubnt 

01[11:39] {@Threei}  watching FB for pullback entry

[11:40] {munky} watching ebay

[11:40] {munky} strong

[11:55] {munky} .

01[11:58] {@Threei} Short Setup: FB  69 break

01[11:58] {@Threei}  If holds  .10 

01[12:01] {@Threei}  no go

01[12:02] {@Threei}  somg... rinse

[12:02] {fish_49} FacelessBook

[12:06] {nemo} was there news on sbux today

01[12:09] {@Threei}  no

[12:10] {nemo} seller 71

01[12:10] {@Threei}  this reads like total farce:

01[12:10] {@Threei}  (UA) Sec of State Kerry: Russia Foreign Min Lavrov has indicated Russia has no intention of violating sovereignty of Ukraine - Follow up: Russia press reports indicate the the armed men in Crimea have now taken control of the runway of the Sevastopol airport (vs prior reports of simply patrolling the area) - Russia President Putin: Military escalation in Ukraine would be unacceptible

[12:15] {fish_49} what did Kerry get in return?

[12:15] {fish_49} I mean what did he give

01[12:16] {@Threei}  he didn't give or get anything

01[12:16] {@Threei}  they oplay him for a fool

01[12:16] {@Threei}  EBAY... let's see if we can play DKTK here

[12:17] {dino} chaos, wrong shower had handicap handles. they bring another wrong color. they bring yet  another, wring side drain. i need a drink 

01[12:17] {@Threei}  lol

01[12:17] {@Threei}  told you... AK-47

01[12:17] {@Threei}  you shoot one, suddenly they all do everything right

[12:18] {dino} trying to support the little business, but sheesh, this has now taken 2 months and still no shower

[12:18] {fish_49} Portuguese contractors?

[12:18] {fish_49} there is a large Portuguese population in that area  right?

[12:18] {dino} no

[12:18] {fish_49} wrong city

[12:18] {dino} irish, german, italian

01[12:21] {@Threei}  crap... needed just one more cent downtick for entry

[12:24] {thomcbell} cbl 17.76 long break if holding 17.70

[12:24] {dino} gnca drop

01[12:25] {@Threei}  dirty rotten scoundrel, FB

01[12:28] {@Threei} Short Setup: EBAY  .50 break

01[12:28] {@Threei}  If holds  .60 

[12:31] {RonS} sale closeout

01[12:31] {@Threei}  lol

01[12:31] {@Threei}  1:1  

[12:45] {fish_49} 1/4 out here

[12:45] {fish_49} my stop to .43

[12:48] {dino} cgen out flat

[12:48] {fish_49} trailing stop to .38

[12:51] {fish_49} out in full ty Vad

01[12:52] {@Threei}  yw

01[12:54] {@Threei}  Carnage in Ukraine, civil unrest in Venezuela … and now, more bad news. The New York Daily News recently rocked the world with a story suggesting a looming clown shortage.

[12:54] {fish_49} Nemo willi highDmad

[12:55] {nemo} weak

[12:55] {fish_49} Nemo will be in High Demand

01[12:55] {@Threei}  no worry I think... in 3 years current white house administration will be free

[12:55] {fish_49} lol

[12:55] {fish_49} good point Vad

[12:56] {munky} picture obama in clown suit

[12:56] {munky} red nose lol

[12:57] {fish_49} Anyone heard how Fast and Furious  Holder is doing?

01[13:03] {@Threei}  {Hillary} you stop that right now, I will re-hire them all. Where would I find that many new clowns?

[13:04] {fish_49} Democrtatic Convention?

01[13:05] {@Threei}  Crimea airport overtaken by armed men does not accept flights from Kyiv

01[13:07] {@Threei}  at this rate next week Crimea will be russian territory

[13:07] {fish_49} nahhh

[13:07] {fish_49} Putin made a Promise

01[13:07] {@Threei}  oh

[13:07] {fish_49} Scouts Honor

01[13:08] {@Threei}  scout's promise to clowns?

[13:08] {fish_49} u don't trust him?

[13:08] {fish_49} lol

[13:09] {dino} funny the only people obummer takes to task are businessmen

01[13:09] {@Threei}  he still can't believe they bought that promise

[13:09] {fish_49} you r coorect Dino

[13:09] {fish_49} correct

01[13:09] {@Threei}  there is an old russian joke, popular to cite describing this kind of situations (don't groan Ron)

01[13:10] {@Threei}  about a guy who returned from Vegas with huge winnings

01[13:10] {@Threei}  asked how he managed to pull that off he said:

01[13:10] {@Threei}  well, I sat down at the table to play 21,

[13:10] {fish_49} WB Nathan

01[13:11] {@Threei}  after third round of dealing, host said he had 21,

[13:11] {nathan} hey thanks ;-)

01[13:11] {@Threei}  I asked to show the cards,

01[13:11] {@Threei}  he said "huh? it's customary here to trust the word!"

[13:11] {nathan} i'm following nemos therapy fish_49

01[13:11] {@Threei}  Well, you wouldn't believe the lucky streak I hit afdter that

01[13:12] {@Threei}  yes ron, this is the end

[13:12] {fish_49} lol  Trust but Verify is what Ronnie said to the Russians

01[13:14] {@Threei}  he actually used old russian proverb

01[13:14] {@Threei}  and even pronounced it in russian

[13:16] {thomcbell} made a small sale here ubnt 49.90 

[13:16] {thomcbell} + 0.60 

[13:17] {thomcbell} they almost got me 

01[13:17] {@Threei}  wtg

[13:19] {dino} gj

[13:19] {thomcbell} out another bit 50.19 on ubnt 

[13:22] {thomcbell} out 50.20 ubnt 

[13:23] {mojo1} fb strong

[13:23] {dino} sina sm l .95

[13:27] {thomcbell} nemo - nice vwap exit on ubnt 

[13:28] {thomcbell} thanks for the tutelage 

[13:28] {nemo} cool

[13:32] {mojo1} hey vad put down the vodka and make a trade

06[13:33] * @Threei racks AK-47

[13:33] {mojo1} racks ar-10 

[13:34] {munky} nemo, u work in gunshop?

[13:34] {nemo} yep

[13:35] {fish_49} work and nemo are both 4 letter words

[13:35] {munky} quiz..whats diff betwween ar-10 and ar-15...i know, c if u do

[13:35] {nemo} so isn't fish

[13:35] {nemo} ar-10 is a .308 7.62X51

[13:35] {munky} final answer??

[13:35] {nemo} ar -15 is a .223/5.56 and are civilian models

[13:35] {fish_49} the difference is the pin that makes one 3 round burst instead of 1 round burst?

[13:36] {nemo} actually, the lower is more heavily reinforced in the class-3 models

[13:36] {munky} correct, but u can buy ar-10/308 also

[13:36] {nemo} yes, which is a civilian model

[13:37] {fish_49} both are single round burst right?

[13:37] {nemo} civilians always are, need class-3 to get select fire which comes in semi, select (three round) and automatic

[13:38] {fish_49} but the 15 is easily modified  to give 3 round burst?

[13:38] {nemo} relatively, more complicated than the ak

[13:38] {fish_49} ok

[13:38] {nemo} have to replace the sear

01[13:39] {@Threei}  I hear the sound of Pearce Morgan puking

[13:39] {nemo} as a civilian, I would prefer not to get caught...having said that, select, or automatic is overrated unless you're laying down suppression fire

[13:39] {fish_49} hey I did not follow him  what actually happened?

[13:40] {fish_49} Believe it or not I kinda liked him even though he was a liberal

01[13:40] {@Threei}  nothing really... his disgusting smugness and anti-gun crusade wore off, ratings fell dramatically, and CNN kills his program

[13:41] {fish_49} so now if they get rid of the 360 dude, they will have a program

01[13:41] {@Threei} Short Setup: FB  .90 break

[13:41] {fish_49} so it was ratings?  I heard rumors that he was anti american  and I find that hard to believe.  I guess at some point we all are...

01[13:41] {@Threei}  If holds  69 

[13:42] {RonS} are you a Brit fish?

[13:42] {fish_49} no  just liked his style for some reason

01[13:42] {@Threei}  1:1  

01[13:47] {@Threei}  1:2  

01[13:48] {@Threei}  1:3  

01[13:48] {@Threei}  out

[13:48] {nathan} nice one Vad

[13:49] {darekj} ty Vad

01[13:49] {@Threei}  :)

[13:50] {dino} aet

[13:50] {dino} hl s .58

[13:52] {RonS} Aetna Board authorized the company to repurchase up to an additional $1 Billion of its common stock AET  

[13:53] {nathan} Vad in FB trade how did you know you could go further than 1:1?

01[13:54] {@Threei}  you never "know"

01[13:54] {@Threei}  you just follow the procedure

01[13:54] {@Threei}  partial and trail

[13:54] {dino} cov aet .44, +.14

[13:55] {nathan} everytime i try to do it i screw up

[13:56] {nemo} when you enter set an order for 1:1

[13:56] {nemo} then set your stop price and wait

[13:56] {nemo} now, you either get 1:1 or hit out if stopped

[13:57] {nathan} that's what i usually do, but when i try to hold "some" time more... 

[13:57] {nathan} then it goes against 

[13:58] {nemo} don't understand your statement

[13:58] {fish_49} thats part of the game Nat

[13:58] {thomcbell} my goodness cbl 1:1 

[13:59] {fish_49} AET suprised me

[14:00] {fish_49} I didn't take the trade but was a good learning tool.. Thanks Dino  

[14:00] {nathan} nemo i usually set my 1:1 for all shares

[14:00] {nathan} but not when I try to go for more than 1:1

[14:01] {fish_49} Nat  99% of the time  we are going for more than 1:1

[14:01] {nathan} really?

[14:02] {dino} slxp smr l .56 all over the place

[14:02] {nathan} my 99% are 1:1 :-(

[14:02] {fish_49} Can I explain why you should not do that?  I learned  the hard way

[14:02] {nathan} yes please

[14:03] {nemo} we're not going for anything

[14:04] {nathan} what u mean nemo?

[14:04] {nemo} we take what comes

[14:04] {nemo} goal versus process

[14:04] {nemo} don't get emotionally invested in a goal

[14:05] {nemo} ADBE interesting here

[14:05] {nathan} I see

[14:05] {RonS} irbt broken

[14:05] {dino} isis drop irbt drop

[14:06] {munky} lord vader, keep 1 one on ebay

01[14:07] {@Threei}  I do

[14:08] {RonS} cldx selldex

[14:08] {munky} keep another on fb

[14:08] {munky} and your 3rd at ur own discretion

[14:08] {munky} and let go of my banana

06[14:08] * @Threei whispers hopefully: porn?

[14:09] {munky} roflol

[14:09] {fish_49} ok  Lets take xyz  short on the break of .50   where are you getting filled?  .48 maybe  or .49 at best.  Where is 1:1?  .40  we sell at .40 (1:1) where are you getting filled?  .39 perhaps?  if you want .40 you will need the bid  to hit .40 which means the ask at .41 at least.  so now do the math.  at best your getting 9 cents right.  a cent or 2 goes to comms and fees,  now you have 7 

[14:09] {fish_49} cents at best.  If your in a trade and get stopped out  your losing at least 9 cents  most likely 10 cents.  so do the math if your right 50% of the time you lose.  You need a few 1:3's  to make your account grow.

[14:09] {fish_49} thats for Nat

[14:09] {nathan} thanks a lot fish!!!!

[14:10] {fish_49} change your to you're

[14:10] {fish_49} b4 nemo has a fit

[14:10] {munky} and id hope we dont lose 50% of time,try to win 2/3 rds

01[14:10] {@Threei}  that's pretty much it - if you take 1:1s only, you have to have awfully high win/lose ratio, like 75-80% to stay profitable

01[14:12] {@Threei} Long Setup:  EBAY  .20 break

01[14:12] {@Threei}  If holds  .14 

01[14:14] {@Threei}  btw, these trades with tight stops help a lot. Their win/lose ratio is not big, they are close to 50/50... but they risk a few cents while win in those same large amounts

01[14:14] {@Threei}  5-6 cents stop, but the 1:1 is still most often near 10 cents

01[14:15] {@Threei}  which is not right from formal math point of view but that's how we manage the trade

[14:15] {munky} agree with that vad

[14:15] {munky} in ebay btw

01[14:16] {@Threei}  1:1  

01[14:16] {@Threei}  I wouldn't count on 1:3 on this one, btw

01[14:16] {@Threei}  SPY is heavy

01[14:17] {@Threei}  stop .19, and if breaks .30, I'd try to exit in full between .35 and .40

[14:17] {nathan} interesting.  in my case helps me to gain confidence

[14:17] {munky} theres a bidu bounce play comuing vad

[14:17] {munky} take a look

01[14:17] {@Threei}  BIDU is out of my risk tolerance

01[14:18] {@Threei}  15 cents spread

[14:18] {dino} sina stop .70 -.25

[14:18] {munky} k

[14:19] {nathan} thank u all very much for your ideas

[14:28] {munky} pole here

[14:28] {munky} chaquita or dole?

[14:28] {fish_49} what ever is on sale

[14:28] {thomcbell} sale bananas another ibd debacle 

[14:29] {dino} ibd?

[14:29] {thomcbell} when ibd stocks start to come off they can cascasde down 

[14:30] {dino} what does ibd stand for?

[14:30] {fish_49} Investor Business daily?

[14:31] {thomcbell} yes

[14:32] {thomcbell} that looked capitulative there dino what do u think?

[14:32] {dino} adhd drop

[14:33] {dino} could be but thing is way up last few weeks

[14:33] {thomcbell} i nibbled Sale at 39.75 

[14:33] {dino} gap around 35

[14:34] {dino} gj tbell

01[14:34] {@Threei} Short Setup: FB  .50 break

01[14:34] {@Threei}  If holds  .60 

[14:35] {fish_49} wow  no fill

01[14:36] {@Threei}  1:1  

[14:36] {fish_49} you get full lot Vad?  

01[14:36] {@Threei}  1:2  

01[14:36] {@Threei}  .49, yes

[14:36] {fish_49} my order was sitting there @ .48

[14:37] {fish_49} anyone else get filled?

[14:39] {munky} missed it

[14:39] {munky} break .50 been tough to catch

[14:39] {munky} .50 then boom .45

[14:40] {munky} and its best tradfe of day'

01[14:40] {@Threei}  paused for a second at .49

[14:40] {munky} if caught it

01[14:40] {@Threei}  comeon, previous FB short went for the same 1:3

01[14:40] {@Threei}  [13:41] {@Threei} Short Setup: FB .90 break

01[14:41] {@Threei}  one hour ago... and you don't remember it anymore?

[14:41] {fish_49} lol

[14:41] {munky} forgot that one lol

[14:41] {munky} took it tho

[14:41] {fish_49} Vad has Fill Priority

01[14:42] {@Threei}  1:3  

[14:42] {fish_49} Took all the shares

[14:42] {fish_49} but even so,  I had my limit set at .48  so I should have gotten some shares

01[14:42] {@Threei}  I am sure there was someone else, there was more than my 1K at .49

[14:43] {munky} anyone else in room catch it?

[14:44] {nathan} i could not

[14:44] {darekj} ty Vad

[14:45] {darekj} Yes at .47

01[14:46] {@Threei}  yw

01[14:46] {@Threei}  1:4...

[14:46] {fish_49} grrrrrrrrrrr

[14:46] {fish_49} my order was small I only trade 500 shares with FB

01[14:47] {@Threei}  The U.S. Secret Service is investigating a possible security breach at Sears Holdings Corporation, after a series of cyber attacks on retailers that have exposed the credit-card data of millions of U.S. consumers

01[14:48] {@Threei}  SHLD...

01[14:48] {@Threei}  1:5...

[14:49] {nathan} that hurts

[14:49] {nathan} :-)

[14:51] {dino} alxn vsm l .60 wide

[14:51] {nathan} have a nice weekend

[14:52] {nathan} thanks very much Vad & Team

01[14:52] {@Threei}  yw nathan

[14:55] {RonS} rgr shooting the bid

[14:57] {dino} kin drop

[14:58] {RonS} meli smelly

[14:59] {RonS} fuel burned

[14:59] {dino} lol

[15:00] {RonS} splk funk

01[15:01] {@Threei}  (UA) Ukraine acting president Turchinov notes that Russia has 'invaded' Crimea under the guise of a military exercise; Russia is trying to provoke a conflict and annex Crimea - briefing- Calls on Putin to call back Russia forces, claims 2K Russia soldiers have landed in Crimea in an 'armed invasion' -

[15:03] {RonS} outta here...have a good weekend everyone...

01[15:03] {@Threei}  take care ron

[15:04] {mojo1} markets almost red was up 100 today

[15:07] {dino} out alxn flat, damn had a buck

[15:09] {dino} 150 pt swing

01[15:18] {@Threei}  if EBAY dives under .50, will be interested in buying recross

01[15:21] {@Threei}  no chance

[15:31] {dino} isis smr l .80

[15:35] {dino} out isis .20, +.40

[15:36] {dino} rvbd spike

[15:37] {darekj} OK guys,today is my last day using trading room. I must take few, maybe more months brake from day trading.

01[15:37] {@Threei}  we will be here when you are back darek

[15:37] {darekj} Just want to thank you Vad and others for great teachings. It was pleasure to trade together with real professionals. Thank you once again.

01[15:37] {@Threei}  yw, hope you made some coin

[15:37] {goinshort} Take Care !!!

[15:37] {dino} gl darekj

[15:37] {fish_49} Take Care DJ

[15:37] {darekj} yes:)

[15:38] {darekj} see you fish

[15:39] {dino} rvbd smr s .25 break

[15:39] {goinshort} Can I have his parking space?

01[15:39] {@Threei}  lol

[15:40] {dino} cov rvbd .85, +.40

[15:40] {fish_49} that was some serious profit taking

[15:40] {fish_49} market dip was more than a dip   

[15:40] {fish_49} more like the big dipper

01[15:42] {@Threei}  lol

01[15:42] {@Threei}  I think we handled it well

01[15:42] {@Threei}  switched to shorts and bounces just in time and got a few nice ones

[15:42] {dino} made $ on it

[15:43] {fish_49} yea like the Friggin FB  short that went to the moon and back without me  lol

[15:43] {dino} momo's got hit hard

[15:43] {dino} bio's too

01[15:43] {@Threei}  did you get first oner?

[15:43] {fish_49} FB?

01[15:43] {@Threei}  yes

[15:43] {fish_49} no

01[15:43] {@Threei}  at .90

[15:43] {goinshort} cya monday !!!

01[15:43] {@Threei}  take care gs

[15:43] {fish_49} I have terrible luck with FB

[15:43] {fish_49} later GS

01[15:44] {@Threei}  why not, that one had no troubles with executuion at all

[15:45] {fish_49} no I don't recall what happened.. I just remember being frustrated for missing it

[15:45] {fish_49} Perhaps a phone call  I dont recall

01[15:51] {@Threei}  thank you all, have a great weekend

01[15:51] {@Threei}  see you monday

[15:51] {fish_49} take care all

[15:55] {dino} calling it a good week, thx all for ideas

Feb 27 2014

Not very exciting but positive day - kind of "another day in the office." Not much happened so finding trades was a bit more challenging - but those we did find worked out.



Session Time: Thu Feb 27 00:00:00 2014
[03:02] {jman} hello
[08:49] {munky} morning
[08:49] {fish_49} gm
01[08:49] {@Threei}  morning munky, fish
[08:49] {nemo} http://goo.gl/Cu1KSo
[08:50] {fish_49} gm all
[08:54] {fish_49} thanks for sharing that Nemo
[08:59] {nemo} sure
[09:02] {dino} gm
01[09:02] {@Threei}  wow... Ukraine situation seriously deteriorated overnight
01[09:02] {@Threei}  dino :)
[09:02] {fish_49} In my humble opinion  you can see that with an ERC (Extended Range Candle)  the Algo thing is over rated...  The extended range candle to me indicates the public caught on to institutional buying or selling. The question is, Did people like Carl get all his shares before the public caught on and moved the price.  If he didn't  then we would expect a bounce at the base of the ERC
[09:03] {fish_49} when price returns
[09:04] {fish_49} you know me  I have to comment on everything  lol
[09:04] {nemo} http://goo.gl/EepziX
[09:06] {fish_49} I love Walmart for their  egregiously ruthless business plan
[09:06] {nemo} so says the retired club Fed employee
[09:09] {nemo} I have no problem with productivity, but unfortunately humans (and I use that term loosely) are not machines...which means they'll be replaced by machines soon
[09:09] {goinshort} gm all !
01[09:09] {@Threei}  gs :)
[09:10] {nemo} can you guys take these niceties to dcc
[09:10] {nemo} I almost wretch on my keyboard
01[09:10] {@Threei}  isn't that a long standing dream of many utopists nemo?
01[09:10] {@Threei}  machines work
01[09:10] {@Threei}  humans are freed from labor,
01[09:10] {@Threei}  fly freely,
01[09:10] {@Threei}  draw... sing...
[09:10] {nemo} what dream?
01[09:11] {@Threei}  dance
[09:11] {nemo} Oh no, freed, you get me wrong, I'm a DYStopian
01[09:11] {@Threei}  and all that crap
01[09:12] {@Threei}  we just need to maske suree that machine owners spread their wealth around
[09:12] {fish_49} take this stuff to DCC leave the discussions floor to insults as intended
[09:12] {fish_49} your the cousin of Alex  Vad?
01[09:12] {@Threei}  just getting with the program fish
01[09:13] {@Threei}  and guess whose program it is
[09:13] {fish_49} If I was able to reduce my workforce by 50% and give myself a competitive edge and put money in my pocket, I will do it
[09:14] {fish_49} If the people dont like it, dont shop at my store and if the employees dont like it, go get and education and find a better job
[09:14] {darekj} gm all
01[09:14] {@Threei}  darek :)
[09:14] {nemo} spoken like a true federal retiree
[09:14] {nemo} anyway:  http://goo.gl/dfSBEY
[09:14] {nemo} there's another Jeff Gordon prank video about him taking a car for a testdrive
[09:15] {nemo} hilarious
01[09:15] {@Threei}  btw, remember yesterday's threat by Kerry?
[09:15] {nemo} Fish, here's the problem  84% of the population is of average or less than average intelligence...simple, inarguable bell curve distribution
01[09:15] {@Threei}  it turned out unexpectedly effective,
[09:16] {nemo} Unfortunately, they are arguably still human
[09:16] {nemo} Les being the exception of course
[09:16] {nemo} They cannot really do better
[09:16] {nemo} and unfortunately they continue to breed
01[09:16] {@Threei}  it rendered Putin incapable of any action for a day as he suffered sdevere bout of hysterical laughter
[09:16] {nemo} So the question becomes, how do you treat them
[09:17] {fish_49} if they can't do better than accept it and work at walmart and shut up  thats my take.
[09:17] {fish_49} if I were a smarter person and spent the money to attend Med school, I could be a brain surgeon
[09:17] {fish_49} since I didn't  I hae to accept my position in life
[09:17] {nemo} Ahh, so we treat them like machines, or beasts of burden
[09:17] {nemo} that's what they deserve
[09:18] {fish_49} nope  not at all
[09:18] {nemo} You have to accept the limitations of your life
[09:18] {fish_49} thats the job they deserve
01[09:18] {@Threei}  nemo, worse yet - they constitute significant part of purchasing power, so replacing them with machines and not giving them anything in return creates self-defeating system
[09:18] {nemo} ahhh
[09:18] {fish_49} why should I give them more money per hour  when I can find plenty of people to work for the wages I am offering?
[09:18] {nemo} Yes, but it's coming Vad...that's why they tell there employees to sign up for transfer payments from the government
[09:19] {fish_49} Yes Vad  Henry Ford Proved that.
[09:19] {nemo} Fish, I understand what you are saying...I've been studying these issues for 30 years
[09:19] {nemo} You do pay for it Fish, through your taxes
[09:19] {fish_49} there really is no solving it
[09:19] {fish_49} I just hate the Walmart Bashers
01[09:19] {@Threei}  nope, we are doomed
01[09:20] {@Threei}  well, not all of us and not at once
[09:20] {nemo} Because your Walmart products are so cheap, your taxes have to be high enough to pay for the foodstamps, Section 8 housing, and healthcare they can't afford at their jobs
[09:20] {fish_49} so lets pay them more so the cost of goods will increase and diminish our buying power?
[09:21] {fish_49} it's a never endless game
[09:21] {nemo} you missed it fish, you're paying for it anyway
[09:21] {nemo} actually more
[09:21] {fish_49} lets pay the Taco Bell workers 17 bucks an hour
[09:21] {fish_49} I dont have  to pay for it
[09:21] {nemo} think about the bureaucracies that would not be necessary to administer all those transfer payments?
[09:21] {fish_49} the democrats decided  that  for me
[09:21] {nemo} Bullshit
[09:21] {fish_49} stop paying the bennies  and see how many people go find work
[09:22] {fish_49} if Immigrants  can make it  why cant they?
[09:22] {nemo} You're not seeing the larger system...I have this discussion with my "liberal" friends all the time
[09:23] {dino} ctrx working on gap fills, next one 44 dec
[09:23] {nemo} They address problems, but don't solve them..and then we find ourselves in Toquevillian Hell
[09:23] {fish_49} I don't mind being called a friend  But I have never been called a Liberal
[09:23] {fish_49} lol
[09:23] {fish_49} ok  later conversation
[09:23] {fish_49} I let you win this one
[09:23] {nemo} Well, you were about to be checkmated
[09:24] {fish_49} I need to make fresh Walmart Coffee before the bell
[09:27] {nemo} Walmart Coffee...sure it's not manure?
[09:28] {fish_49} lol  Later  remind  me  I have a true funny story as to why Walmart fired my elder brother
[09:29] {nemo} oh gawd...I'll refrain
[09:29] {fish_49} manufacturing numbers  gooood
[09:29] {fish_49} jobs  not so good  not  so terrible
[09:29] {nemo} blame it on the weather
[09:30] {fish_49} yep  not walmart
01[09:31] {@Threei} Short Setup: EBAY  .50 break hl
01[09:31] {@Threei}  If holds  .60
01[09:31] {@Threei}  Invalidated
[09:32] {nemo} resistance at .58
[09:32] {nemo} 58
01[09:33] {@Threei} Short Setup: EBAY  .80 break hl
01[09:33] {@Threei}  If holds  .90
01[09:34] {@Threei}  Invalidated
[09:34] {munky} look at fb, crazyt
[09:35] {dino} ocn, asps more blood
01[09:35] {@Threei} Long Setup:  C  .10 break
01[09:36] {@Threei}  If holds  .05
01[09:40] {@Threei}  EBAY looks like another spike coming
[09:40] {thomcbell} cbl 18.01 long break if holding 17.90
01[09:40] {@Threei}  if takes 58
01[09:41] {@Threei} Long Setup:  EBAY  58 break hl
01[09:42] {@Threei}  If holds  .85
01[09:42] {@Threei}  stop to .89
01[09:43] {@Threei}  thought it woudl move faster after the break
01[09:43] {@Threei}  SPY pullback is slowing it down
01[09:44] {@Threei}  meh C
01[09:44] {@Threei}  1:1  EBAY
01[09:46] {@Threei}  1:2
[09:46] {fish_49} darn I didnt get in
01[09:46] {@Threei}  why?
[09:47] {fish_49} Was in the C trade  I only want to be in 1 trade at a time  for now
[09:47] {mojo1} 1:2
[09:47] {munky} stopped c .05, out ebay 1:2
[09:47] {munky} ty
01[09:48] {@Threei}  yw
[09:48] {munky} that could hurt u fish
[09:48] {munky} murphys law, the 1 u in loses
[09:48] {munky} tghe others not in u win
[09:49] {fish_49} ok I opened another montage  I will give it a shot next time
01[09:49] {@Threei}  Murphy - the most hated man in human history
01[09:49] {@Threei}  responsible for so many spoiled pieces of toast with butter
[09:50] {fish_49} Parkay
[09:50] {munky} news fb
[09:50] {munky} ??
[09:50] {munky} very jittery
01[09:51] {@Threei}  nothing fresh
01[09:51] {@Threei}  Reminder: Fed Chair Yellen to testify before US Senate Banking panel at 10:00ET- The testimony was postponed from its original Feb 13th date due to bad weather in Washington DC. - Yellen has had more data to observe since her House panel testimony two weeks ago, much of it disappointing, but attributatble to severe weather. Nonetheless, Fed-watcher Hilsenrath this morning suggests that Yellen is unlikely to change her economic outlook, as the Fed will need to see more convincing evidence that it should be revised.
01[09:53] {@Threei}  watching IWM for long from under .90
01[09:53] {@Threei}  and MCD
[09:55] {dino} fms smr l .00 hooker
[09:56] {RonS} wac sm l 24.50
[09:57] {dino} out fmx .40, +.40
[09:57] {RonS} gj
[09:57] {munky} if rest of room shorted fms 1k shares, we double its volume he he
01[09:57] {@Threei} Long Setup:  MCD  95 break
01[09:57] {@Threei}  If holds  .90
[09:58] {dino} ty
01[09:59] {@Threei}  1:1
01[09:59] {@Threei}  IWM got away
[10:01] {thomcbell} cbl 1:1
[10:04] {nemo} RIG really weak
[10:06] {munky} news rig??
[10:07] {RonS} earnings
[10:07] {RonS} ute rate sucked
01[10:07] {@Threei}  yesterday after close
[10:07] {munky} out mcd 1:2, ty
01[10:07] {@Threei}  RIG Reports Q4 $0.73 v $0.72e, R$2.33B v $2.36Be- Total rig utilization 75% v 83% q/q
[10:07] {fish_49} that small bounce was off a gap fill
01[10:09] {@Threei} Long Setup:  TZA  .75 break
01[10:09] {@Threei}  If holds  .70
[10:10] {thomcbell} rig looks like a 41.62 short break here
[10:10] {thomcbell} half lot
01[10:10] {@Threei}  market feels breakdownish
01[10:10] {@Threei}  and crashish
[10:10] {nemo} weak tdc rig cam pru slb hfc eog kor cvx jpm
[10:11] {nemo} strong aapl x adbe now nem slw aem gdx
[10:11] {dino} mkt drop
[10:12] {nemo} .44 low on rig careful here
[10:12] {thomcbell} 1:1
[10:13] {nemo} keep your finger on the trigger with rig
01[10:14] {@Threei}  half out TZA
[10:14] {fish_49} same here
01[10:14] {@Threei}  STOP .74
[10:15] {dino} data smr l .25 hoooker
01[10:15] {@Threei}  ok SPY, let's panic
01[10:15] {@Threei}  lose .40 and die
[10:15] {munky} ok, caught half out .85
01[10:16] {@Threei}  took triple size on TZA
[10:16] {dino} out data .95, +.70
[10:16] {munky} wish u mentioned that
01[10:16] {@Threei}  tight stop, thick stock...
[10:16] {nemo} look at daily volume tza munk
01[10:17] {@Threei}  standard risk control procedure
01[10:17] {@Threei}  (UA) Russia Govt notes current Ukraine Govt includes extremists and is not one of national unity
[10:20] {munky} looking
[10:21] {nemo} yeah, you can stack the T&S on tza to the moon and back on a daily basis
[10:21] {mojo1} ? TZA volume is almost 3 mill.. not that big of volume as compared to iwm 7 mill.  trying to learn of why u took triple size.
01[10:22] {@Threei}  look at the range and ease of execution
[10:22] {nemo} 60 day average is about 11.5 million
[10:22] {mojo1} ok thank you
01[10:22] {@Threei}  IWM can move 10 vents in a blink of eye sometimes
01[10:22] {@Threei}  TZA moves much smoother
[10:22] {mojo1} gotcha
[10:23] {nemo} yeah, like warm mollasses
[10:23] {nemo} molasses
01[10:23] {@Threei}  you can get a fill of 3-5K on TZA easy without any slippage
[10:24] {fish_49} you bought 25K shares that is why I got filled at .77  lol
[10:24] {dino} pega sm l .15 ave
01[10:26] {@Threei}  Arseny Yatseniuk, Ukraine's newly installed prime minister, has claimed that $70bn has gone missing from the public's balance sheets after the government of ousted President Viktor Yanukovich hid the cash away in offshore bank accounts.
01[10:27] {@Threei}  1 month of Fed largesse...
[10:27] {dino} shocking
01[10:29] {@Threei}  (US) Fed's Yellen: There is no conflict right now between the Fed's two mandates of seeking low inflation and full employment - Q&A
[10:30] {RonS} wow...really?
01[10:30] {@Threei} Long Setup:  WMT  .26 break
01[10:30] {@Threei}  If holds  .20
01[10:34] {@Threei} Short Setup: FB  .80 break hl
01[10:34] {@Threei}  If holds  .90
01[10:37] {@Threei}  Invalidated  FB
[10:38] {dino} bdbd spike
[10:39] {RonS} out wac 25.39 +.89
01[10:39] {@Threei}  wtg
[10:39] {dino} gj
[10:43] {thomcbell} if anyone did the cbl boredome trade im using a 18.09 stop on remaining shares
[10:44] {thomcbell} bored to tears
[10:44] {nemo} and I just thought you were married
01[10:48] {@Threei}  Winnipeg experiences the coldest winter in 35 years
[10:48] {fish_49} must be Global Warming
01[10:48] {@Threei}  how glad I am not to share this experience with them...
01[10:48] {@Threei}  -30C right now
[10:49] {fish_49} nasty
[10:49] {dino} 9 f here
[10:49] {dino} penn spike
[10:52] {dino} penn sm s .60
[10:54] {mojo1} newbie here dino,  how many shares is sm
[10:55] {dino} cov penn .20, +.40
[10:56] {RonS} gj
[10:56] {dino} ty
[10:59] {dino} mojo, for me sm = 400, smr = 300
[10:59] {mojo1} gotcha
[10:59] {mojo1} ty
[10:59] {dino} np, gl
01[11:00] {@Threei}  happy news guys. NASA discovered 700 new planets, at least 4 of which are habitable
01[11:00] {@Threei}  we might still have the spare exit from idiocy
[11:01] {mojo1} i wonder if they're killing each other like we are
01[11:02] {@Threei}  if not, just wait till we get there
[11:03] {nemo} Let's take up a collection to send Les to one
[11:03] {munky} wonder if any of those habital planets grow bananas?
01[11:03] {@Threei}  lol
01[11:04] {@Threei} Long Setup:  FB  .90 break hl
01[11:04] {@Threei}  If holds  .80
[11:04] {fish_49} 4 of which are habitable?
01[11:06] {@Threei}  ok FB, you know we took you for 70 break, right?
01[11:06] {@Threei}  move your butt
01[11:10] {@Threei}  wrong way you idiot
01[11:10] {@Threei}  grrr
[11:11] {fish_49} small lot no harm done
01[11:11] {@Threei}  yeah but it looked very promising for 70 break and explosion
[11:11] {fish_49} as long as the next 10 trades are 1:4's
01[11:11] {@Threei}  yes sir
01[11:11] {@Threei}  coming right up sir
[11:15] {goinshort} 1:2 C long + out
[11:15] {munky} i like mcd long vad, any read?
01[11:16] {@Threei}  not really
01[11:16] {@Threei}  way too narrow
[11:18] {RonS} wday a beast
[11:19] {mojo1} ?TZA long
[11:19] {dino} out pega .98, +.83
[11:21] {fish_49} JPM set up for a scalp  2 sided
[11:21] {mojo1} wtg dino
[11:21] {RonS} gj...could not get comfortable with that one...
[11:23] {dino} ty, understand, tough to get out of
[11:24] {dino} was waiting at 42.15 forever, said f' it took .98
[11:28] {fish_49} JPM looks short .60 break
01[11:30] {@Threei}  MCD, the mode I look at it the more it looks like short to me
[11:32] {fish_49} .88 break with .97 stop?
01[11:32] {@Threei}  yup
[11:39] {dino} lamr spike, misses and guides down
[11:41] {RonS} dang, was looking anik a.m., never pulled trigger...
[11:42] {RonS} could my prayers be answered?  Attorney General Eric Holder taken to a Washington, DC, hospital after experiencing chest pains, Justice Department official says
[11:43] {dino} bid spike
[11:45] {RonS} Third Point are to nominate members to board of Sotheby's $BID, according to sources
[11:48] {RonS} qcor could get fast...
[11:50] {nemo} sina puked
[11:52] {RonS} 50k ebay Mar 62.50/65 call spread bot...
[11:54] {fish_49} Die French Fries Die
[11:57] {RonS} With judge's order, same-sex marriage now legally recognized in Kentucky  (says twins should be able to do what they want?)
01[11:58] {@Threei}  bitcoin/us dollar Fed Chair Yellen: Fed has no authority to supervise or regulate bitcoin; would be wise for Congress to take a closer look at bitcoin- Bitcoin is a payment innovation that is taking place entirely outside of the banking industry, so the Fed has no authority to supervise or regulate Bitcoin
[12:00] {mojo1} dino sclped .10 sh lamr ty
[12:01] {fish_49} Since when did the Fed pass on a chance to regulate something?  So there is Hope?
01[12:02] {@Threei}  maybe it was a choice between regulating botcoin pr same-sex marriage for them, and they chose more saucy one
[12:02] {dino} gj mojo
[12:02] {fish_49} lolYelen won the battle?  so Holder in Hospital with hert problem?
[12:03] {fish_49} heart
[12:03] {dino} was waiting near hod to short it, never vwent back
[12:05] {fish_49} my MCD  trade not looking good
[12:05] {fish_49} ohhhhh  shaping up
01[12:06] {@Threei}  bobs up and down with SPY
01[12:06] {@Threei}  we need decisive range break... othrwise the day stays narrow and boring
[12:06] {fish_49} yea  I was thinking  at 11:30  it had such small volume  what would it be like at lunch time  Dead?
01[12:07] {@Threei}  who knows
01[12:12] {@Threei}  Hagel warns Russia on Ukraine miscalculation amid Crimea unrest
[12:12] {nemo} as Putin gets the strapon ready for Obama
01[12:12] {@Threei}  between Kerry and Hagel, Putin might not survvive these bouts of hysterical laughter... it this their plan?
[12:12] {fish_49} or else what?  he will go to congress and ask for some money to buy bullets?
[12:13] {nemo} rax going into the gap
[12:16] {RonS} gogo about to...
01[12:16] {@Threei}  MCD 1:1
[12:17] {fish_49} out  it  took 3 clicks  lol
[12:17] {fish_49} TY Vad
[12:17] {fish_49} or whoever gave us MCD
01[12:17] {@Threei}  yw
01[12:18] {@Threei}  Richard and Maurice McDonald did
01[12:20] {@Threei}  sigh... I miss will
01[12:30] {@Threei}  1:2
[12:33] {nemo} lvs bid
[12:34] {nemo} pulled the bid
[12:35] {dino} fonr spike
[12:39] {dino} panw drop
[12:45] {munky} bidu news?
[12:45] {dino} nlnk drop
01[12:49] {@Threei}  earnings yesterday
[12:49] {munky} ah
[12:57] {thomcbell} nice cup and handle on bx but vwap right above
[12:57] {thomcbell} might look to buy a quick pullback to 32.66 or so
[13:02] {munky} vad any read cat?
[13:03] {munky} thom, bx took off, nice read
01[13:03] {@Threei}  looks breakish
01[13:03] {@Threei}  .07 break
01[13:04] {@Threei}  with stop under 97
[13:05] {thomcbell} panw looks vulnerable
[13:05] {thomcbell} dont know whats happening here
01[13:05] {@Threei}  nah
01[13:06] {@Threei}  wrong time of the day for breaks
[13:06] {thomcbell} unless you are dang
01[13:06] {@Threei}  PANW:
01[13:06] {@Threei}  Palo Alto Networks The currently strong stock could take a hit from a complicated court case regarding patents - financial press (update)- Rival Juniper is currently pursuing patent claims against PANW and the trial started this week. Juniper claims that Palo Alto co-founder Nir Zuk, who worked at Juniper for about a year between 2004-2005 after Juniper acquired NetScreen (where Zuk was CTO), used some of its technology in Palo Alto's products.
[13:07] {thomcbell} gotcha
[13:07] {thomcbell} thanks
[13:11] {dino} sina sm l .01
01[13:15] {@Threei} Long Setup:  P  .75 break
01[13:15] {@Threei}  If holds  .70
[13:18] {thomcbell} dang very impressive
[13:18] {nemo} mmmhhhhh...Ron didn't pick up on that
01[13:19] {@Threei}  meh P
[13:19] {RonS} hot dang?
[13:19] {nemo} something like that
[13:19] {nemo} or Dang Impressive!
[13:21] {thomcbell} bx
[13:21] {thomcbell} come on
[13:21] {thomcbell} trade what you see not what you think - boo
[13:22] {nemo} unfortunately because of how we think, we don't always see
01[13:23] {@Threei}  my version: unfortunately because we think, we don't always see
[13:23] {nemo} what verse was "The Senses"?  11 I think
[13:24] {nemo} ebay
[13:24] {munky} i think i saw something
01[13:24] {@Threei}  lol
01[13:25] {@Threei}  I just had a thought... and it hurt like hell
[13:25] {nemo} stand up, take the pressure of your brain
01[13:25] {@Threei}  how rude
01[13:25] {@Threei}  and here I thought you were a delicate wall flower
[13:25] {nemo} pot meet kettle
01[13:26] {@Threei}  and was planning to flatten that wall
[13:26] {nathan} hi all
01[13:26] {@Threei}  hey nathan
[13:27] {nathan} LLY
[13:27] {nemo} so, we're supposed to get bombed with snow again starting Sunday night
[13:28] {fish_49} yep
[13:29] {nathan} where do you live?
[13:29] {dino} yes
[13:29] {dino} double digit accumulation they are saying
[13:29] {dino} nat, n.e. pa
[13:34] {fish_49} Piss on P
[13:36] {dino} sina stop .96 -.05
[13:36] {nathan} would u consider euphoria o LLY that volume
01[13:37] {@Threei}  .50 break starts looking like short setup
[13:38] {munky} which stk?
01[13:38] {@Threei}  frikin CAT
01[13:38] {@Threei}  LLY
01[13:38] {@Threei}  answering nathan's q
[13:38] {nemo} boy did I just get croaked
[13:38] {fish_49} like a frog? or like a Toad?
[13:39] {nathan} thanks
[13:39] {nemo} short jumped Waaaay over my stop
[13:39] {fish_49} on?
[13:39] {dino} nathan, i wouldn't
[13:39] {nemo} FAS short
[13:40] {nemo} now give me mouse control
01[13:40] {@Threei}  1:1
[13:41] {nathan} 1:1 LLY
[13:41] {nathan} not that bad
[13:47] {nemo} http://goo.gl/NdVYMT
01[13:50] {@Threei}  boring day...
[13:50] {RonS} nemo hear that robinhood is goog backed...
01[13:51] {@Threei} Short Setup: GLD  .24 break
[13:51] {nemo} yep
01[13:51] {@Threei}  If holds  .30
01[13:53] {@Threei}  so how do they make money?
[13:54] {fish_49} charging other brokers for the API  is what I think it says
01[13:55] {@Threei}  here is real answer:
01[13:55] {@Threei}  through payment for order flow where stock exchanges pay the startup to bring its trading volume to their marketplaces.
01[13:56] {@Threei}  selling order flow always was harmful to traders practice that no day trader could ever accept
01[13:56] {@Threei}  long term investor, sure, he doesn't care about 10-15 cents difference in fill
01[13:59] {@Threei}  1:1
[14:00] {fish_49} gap fill likely?
01[14:02] {@Threei}  fish... stop this thinking nonsense, will ya
01[14:02] {@Threei}  1:2
01[14:02] {@Threei}  follow the procedure
01[14:02] {@Threei}  leave thinking to academics
[14:03] {fish_49} out here
[14:03] {fish_49} ty
[14:03] {dino} anfi sm l .11
[14:03] {munky} out .07 gld, ty vads
01[14:04] {@Threei}  yw
01[14:06] {@Threei}  out in full
01[14:06] {@Threei}  1:3 is close enough
[14:06] {darekj} ty Vad
[14:07] {fish_49} great call  only 9 more just like it
01[14:07] {@Threei}  yw
01[14:07] {@Threei}  do they all have to be today fish?
[14:08] {fish_49} I prefer b4 3:30  i hate trading into the close
01[14:08] {@Threei}  got it
[14:10] {munky} take it easy on him fish
[14:11] {munky} i only want 7 more today
01[14:11] {@Threei}  oh thank you, thank you
01[14:11] {@Threei}  this marine life is merciless
[14:17] {munky} munky no like water
01[14:21] {@Threei} Short Setup: EBAY  .50 break
01[14:21] {@Threei}  If holds  .60
01[14:23] {@Threei}  1:1
[14:29] {dino} out anfi .11 flat
[14:30] {dino} gotta hop, gn all, thx for ideas
01[14:30] {@Threei}  take care dino
01[14:30] {@Threei}  (now I am sure is not a brontosaur, those never hopped)
[14:31] {munky} lol
[14:31] {munky} out .35 btw, ty
01[14:31] {@Threei}  :)
01[14:32] {@Threei}  still thinking T-rex... that purple cute dino dog was a masquerade, to make us feel safe
01[14:41] {@Threei}  LLY... missed .45 short
02[14:44] * Disconnected
Session Close: Thu Feb 27 14:44:09 2014

Session Start: Thu Feb 27 14:44:09 2014
Session Ident: #discussions
02[14:45] * Attempting to rejoin channel #discussions
03[14:45] * Rejoined channel #discussions
02[14:45] * Disconnected
Session Close: Thu Feb 27 14:45:22 2014

Session Start: Thu Feb 27 14:45:22 2014
Session Ident: #discussions
02[14:48] * Attempting to rejoin channel #discussions
03[14:48] * Rejoined channel #discussions
01[14:49] {Threei}  what the deuce
[14:59] {nathan} well have a nice evening
[14:59] {nathan} thanks a lot
01[14:59] {Threei}  take care nathan
[14:59] {fish_49} laters  Nat
01[15:01] {Threei} Short Setup: LLY  .45 break
01[15:01] {Threei}  If holds  .50
01[15:03] {Threei}  meh
[15:05] {fish_49} 2 sided
[15:05] {fish_49} long side break of .52 with stop of .43
01[15:18] {Threei} Short Setup: FB  .10 break
01[15:18] {Threei}  If holds  .20
01[15:22] {Threei}  stop to .16
01[15:23] {Threei}  1:1
01[15:23] {Threei}  now break 69
01[15:23] {Threei}  and die
01[15:24] {Threei}  stop .11 now for the balance of course
01[15:25] {Threei}  out on a trail
01[15:31] {Threei} Short Setup: GDX  .95 break
01[15:31] {Threei}  If holds  .05
01[15:39] {Threei}  change to 26 break, same condition
01[15:41] {Threei}  Invalidated
[15:42] {fish_49} that was fun to watch and learn
[15:43] {fish_49} I was tempted to take it short agressively at .05 with an .07 stop  but the ask started getting chewed up fast
[15:43] {fish_49} oh  the clock
01[15:51] {Threei}  OK guys, not very exciting day, but positive
01[15:51] {Threei}  thank you all, have a great evening
[15:52] {fish_49} tc
01[15:52] {Threei}  see you tomorrow
[15:52] {darekj} gn

Feb 26 2014

That was very interesting day. How often  do you start with 4 stops in a row, and end up nicely profitable? This was exactly what happened. In the first 30-40 min we got stopped and rinsed 4 times; then made 7 winning trades most of which were 1:3ers, and ended up nicely up. Things sometimes go in clusters - stay calm and make good trades.

Session Time: Wed Feb 26 00:00:00 2014

01[08:59] {Threei}  morning dino
[09:01] {dino} another single digit day, lasting thru saturday
01[09:01] {Threei}  misery is endless this year, isn't it
[09:02] {dino} yes, started in november, been below average ever since. plus about 2 feet over in snow, with more coming today and this weekend
[09:03] {fish_49} snow again
[09:04] {dino} yes
01[09:04] {Threei}  (RU) Russian Defense Min: Russian military readiness tests are not related to Ukraine unrest*note earlier today: Russia President Putin reported orders western and central military districts to test combat readiness of troops - press
01[09:04] {Threei}  but of course
[09:04] {fish_49} lol
[09:05] {fish_49} scare tactics
01[09:06] {Threei}  dino, even we have weird winter... just one day wonder but look: https://www.facebook.com/VadymGraiferPhotography/posts/612107885535397
[09:10] {fish_49} no yellow snow there Vad  lol
[09:11] {darekj} gm all
[09:11] {fish_49} DJ
01[09:11] {Threei}  darek :)
01[09:12] {Threei}  (UR) Reportedly pro-Russia and pro-Ukraine protestors are clashing in the Crimea region city of Simferopol; reportedly explosions heard near Crimea parliament in Simferopol - press- Pro-Ukraine protestors are said to be trying to break into the regional parliament. - Reports assert that at least one protestor is dead after clashes. - Separately, Volodymyr Konstantinov, the chairman of the Supreme Council (Verkhovna Rada) of the Autonomous Republic of Crimea, has dismissed allegations circulated by some media outlets that Crimean lawmakers plan to make some radical decisions at an extraordinary plenary session, possibly including Crimea's secession from Ukraine
01[09:12] {Threei}  (US) Dallas Fed's Richard Fisher (FOMC voter, hawk): Significant market correction won't halt taper- Happy with current rate at which Fed is winding down QE
[09:13] {RonS} hello everyone
[09:13] {fish_49} Ron
[09:14] {RonS} ese coming back soon?
01[09:15] {Threei}  ron :)
01[09:15] {Threei}  he never left
01[09:15] {Threei}  he is just in and out on his own schedule
01[09:16] {Threei}  which is one of the great world misteries
01[09:16] {Threei}  mysteries
[09:16] {fish_49} when the warden lets him out?
[09:18] {dino} .
01[09:30] {Threei}  C looks two-sided .40- .50
01[09:30] {Threei} Short Setup: C  .40 break
01[09:30] {Threei}  If holds  .50
01[09:30] {Threei} Long Setup:  C  .50
01[09:30] {Threei}  If holds  .40
01[09:32] {Threei}  no go
[09:33] {fish_49} was cc8 around this morning?
01[09:33] {Threei}  first instinct was right
01[09:34] {Threei}  haven't seen him
01[09:34] {Threei}  why, your guy is cc7
[09:34] {fish_49} oh  we have assigned guys?
01[09:35] {Threei}  cc7 runs DAS-related matters
[09:35] {fish_49} I layed out my C order and it was in my orders window then in an instant gone and I never hit the keyboard
[09:35] {fish_49} I got lucky
[09:36] {fish_49} but I want him to llok at the order and see why/who cancelled
01[09:36] {Threei}  skype him
[09:36] {fish_49} yea
[09:36] {fish_49} ty
[09:36] {RonS} sm l rgr 60.93
01[09:36] {Threei} Short Setup: FB  .10 break hl
01[09:36] {Threei}  If holds  .20
01[09:40] {Threei}  meh
01[09:40] {Threei}  jerky ooening
[09:41] {dino} nice rgr ron
01[09:44] {Threei} Short Setup: FB  .50 break hl
01[09:44] {Threei}  If holds  .60
01[09:46] {Threei}  hmmm... is it one of those days when I better go back to bed?
[09:47] {fish_49} not yet
01[09:47] {Threei}  not getting rhythm right
[09:49] {fish_49} Anyone trade DLTR?
01[09:50] {Threei}  somg FB
01[09:50] {Threei}  rinsed
01[09:53] {Threei} Long Setup:  EBAY  .90 break
01[09:53] {Threei}  If holds  .80
01[09:54] {Threei}  sheesh
01[09:54] {Threei}  back to bed
[09:54] {nemo} 10 numbers
01[09:54] {Threei}  trading gods got angry with me for the last couple days of beating they took
[09:55] {nemo} better than having your liver eaten every day
[09:56] {fish_49} ebay really suckies
01[09:57] {Threei}  second rinse
[09:58] {fish_49} news in a minute or two maybe after that  things will be of some normalcy
[09:58] {fish_49} is that a word Nemo?
01[09:59] {Threei}  P Hearing strength attributed to renewed takeover chatter- MSFT speculated as possible suitor
[09:59] {fish_49} that would be a good match
01[09:59] {Threei}  *(US) JAN NEW HOME SALES: 468K V 400KE
[09:59] {nemo} yes Fish, just should never be used in conjunction with you
[10:00] {fish_49} ty Nemo  Love you bro
[10:02] {dino} out remaining z swing, +5.12
01[10:02] {Threei}  wtg
[10:02] {fish_49} nice
[10:02] {dino} ty
01[10:02] {Threei} Long Setup:  P  .40 break hl
01[10:02] {Threei}  If holds  .30
01[10:02] {Threei}  Invalidated
[10:02] {dino} dltr sm s .97
01[10:03] {Threei}  that's an improvement
[10:03] {RonS} gj z
[10:05] {dino} ty
[10:06] {dino} cri wierd
01[10:07] {Threei} Short Setup: FB  .85 break
[10:07] {dino} watching sina, rgr, cri, clh
01[10:07] {Threei}  If holds  .95
[10:08] {thomcbell} RUSSIA CLOSE TO SIGNING AGREEMENTS ON ESTABLISHING MILITARY BASES IN CUBA, VENEZUELA, NICARAGUA AND SEVERAL OTHER COUNTRIES - SHOIGU - IFX
[10:08] {dino} aegr blood
[10:09] {RonS} the O a real James Madison eh?
01[10:10] {Threei}  one of the popular jokes in certain circles, Ron:
01[10:11] {Threei}  Few leaders did as much for Russia empowerment as Obama
[10:11] {RonS} lol...that's it?
01[10:11] {Threei}  yes... sorry...
[10:12] {RonS} lol...someone needs to work on their punchline...  :)
01[10:13] {Threei}  stop to .91
01[10:13] {Threei}  1:1
01[10:13] {Threei}  by the book from here
01[10:13] {Threei}  wow... something works finally
01[10:13] {Threei}  1:2
01[10:15] {Threei}  out last piece on a trail
[10:15] {fish_49} ty
[10:15] {dino} aegr smr l .82 wide/pulp
01[10:15] {Threei}  yw... let's get 5 more like this
01[10:15] {Threei}  and I will leave this day in the calendar
01[10:16] {Threei} Long Setup:  MCD  .50 break
[10:16] {dino} out aegr .42, +.60
[10:16] {RonS} wtg
01[10:16] {Threei}  nice scalping footwork there dino
[10:16] {dino} ty
01[10:16] {Threei}  If holds  .43
[10:17] {dino} dltr stuck, tighten to .05
[10:18] {dino} crcm drop
[10:22] {dino} ty fish for idea, cov dltr .67, +.30
01[10:27] {Threei}  stop to .46
01[10:28] {Threei}  half out
01[10:28] {Threei}  stop to .49
01[10:29] {Threei}  1:1
[10:29] {dino} trla sm l .99 stop .89
[10:31] {fish_49} letting the burger run for the day with a stop at .53 on my last half
01[10:34] {Threei}  it'son a slowish side today but if takes .65, should gain some speed
[10:34] {fish_49} not much volume but the volume pattern looks right
01[10:35] {Threei}  well, low volume on burgers is rather healthy thing
[10:35] {fish_49} lol
[10:36] {fish_49} stop to .55
01[10:36] {Threei}  crap... I know what's wrong with today
01[10:36] {Threei}  mojo is not here!
[10:40] {dino} zltq hooker. sm l .70
[10:40] {fish_49} out in full
[10:40] {fish_49} ty Vad
01[10:40] {Threei}  yw
[10:42] {dino} trla stop .89 -.10
[10:44] {RonS} vjet sm long .35 hooker+
[10:44] {dino} out zltq .04, +.34
01[10:48] {Threei} Short Setup: WMT  .70 break
[10:50] {dino} crcm getting crunched
01[10:50] {Threei}  If holds  .75
[10:52] {RonS} out vjet .86 +.51
01[10:53] {Threei}  wtg
01[10:53] {Threei}  wtjet
[10:53] {dino} pega drop
[10:56] {RonS} out rge 61.80 from 60.61 ave +1.19
[10:56] {RonS} rgr
[10:57] {dino} wtg
[10:57] {RonS} missed my 62.65 target by 2 cents...man does that piss me off...
[10:58] {dino} that really sucks, lol
[11:00] {thomcbell} sbh kind of interesting here 28.26 long break if holding 28.15
01[11:03] {Threei}  half out
01[11:04] {Threei}  1:1
01[11:04] {Threei}  slowly digging out
[11:04] {thomcbell} sbh 1:1
[11:07] {dino} gj
[11:11] {dino} pega, db maybe
[11:13] {thomcbell} tol watching here
01[11:13] {Threei}  (UR) NATO: We back Ukrainian sovereignty and territorial integrity - statement from NATO defense ministers
01[11:13] {Threei}  and?
01[11:14] {Threei}  will you go to war?
[11:14] {dino} we will talk strongly but do nothing
[11:14] {thomcbell} pullback to 38.90 buyable - long small for breakout too
01[11:14] {Threei}  as you did when Putin invaded Georgia?
01[11:14] {Threei}  imbeciles
01[11:14] {Threei} Long Setup:  FB  .90 break
01[11:14] {Threei}  If holds  .80
01[11:16] {Threei}  71 break will really catapult FB
[11:16] {thomcbell} sbh 1:2
01[11:16] {Threei}  1:1
01[11:17] {Threei}  1:2
01[11:18] {Threei}  will try for 1:4
[11:18] {RonS} took fb +.24 thanks 3i
01[11:18] {Threei}  :)
01[11:18] {Threei}  very clean setup
[11:19] {fish_49} huh?
[11:19] {fish_49} waaaaa
01[11:19] {Threei}  can't believe fish missed it...
01[11:19] {Threei}  1:3
[11:19] {fish_49} out wmt +.02
[11:19] {dino} he swam away
[11:19] {fish_49} i lost power  trading on the laptop now
[11:19] {nemo} wish he lost mirc
01[11:19] {Threei}  :(
[11:19] {darekj} ty Vad
01[11:19] {Threei}  yw darek
[11:19] {fish_49} for what it's worth  the trade desk very responsive and quick to get me out of the trade
[11:20] {goinshort} V how did you decide the 71 was the "catapult"  ?
01[11:20] {Threei}  trading gods relented and took my urgent sacrifice of chicken entrails
[11:20] {goinshort} out FB thanks !!
01[11:20] {Threei}  yw sir
01[11:21] {Threei}  look at intraday...
01[11:21] {Threei}  .90 was clear long trigger,
01[11:21] {Threei}  ascending triangle
01[11:21] {Threei}  but before that, FB tested .97 twice
01[11:22] {Threei}  retreated, then formed this triangle we took now.
01[11:22] {Threei}  What ahppens next is:
01[11:22] {Threei}  triangle break gives it enough power to take that .97, which is nolt really actual resistance,
01[11:22] {Threei}  that would be even nimber right above, 71.
[11:23] {goinshort} I get it !  thanks
01[11:23] {Threei}  Taking round number, which is new high for the day, with momentum created by this triangle break - all the comnponenets in place for a verticla spike
01[11:23] {Threei}  which is exzctly what happened
01[11:24] {Threei}  sheesh... my typing IS atrocious
[11:24] {thomcbell} tl no go
[11:24] {thomcbell} tol
01[11:25] {Threei}  with this 1:3 I am actually back to even
01[11:25] {Threei}  almost
01[11:25] {Threei}  one more win is needed
01[11:25] {Threei}  fish, what price did they get for you over the phone?
[11:31] {fish_49} .68
01[11:32] {Threei}  uh
01[11:32] {Threei}  went to 1:1...
[11:32] {dino} anfi sm l .05
[11:32] {fish_49} while I was trying to get connected
[11:33] {fish_49} it was falling and I was ready to get out half  and wala power
[11:34] {fish_49} hen I called it was moving up  he said current price .66 then he got me out at .68
[11:34] {dino} dltr? misses by .04 andguides lower, +3
[11:34] {fish_49} which was a blessing since I was short 1000 shares it covered my comms
[11:38] {fish_49} sorry Nemo I'm back
[11:39] {thomcbell} sbh 1:3
[11:40] {dino} gj
[11:40] {thomcbell} took the trade
[11:42] {dino} no, but followed it, nice call
[11:42] {dino} brb
01[11:51] {Threei}  I like this:
01[11:51] {Threei}  Crimean police ordered to prevent clashes at any cost
[11:52] {fish_49} won't that create a clash?
01[11:52] {Threei}  what if cost is the clash?
01[11:52] {Threei}  exactly
[11:53] {fish_49} I pity the police in this situation....
[11:54] {fish_49} They have to follow orders and I'm certain there will be some  that agree with the oposition
[11:58] {dino} qunr drop
01[11:58] {Threei} Short Setup: WMT  .50 break
01[11:58] {Threei}  If holds  .60
[11:58] {RonS} vend rug pull
[12:06] {thomcbell} tol really
01[12:06] {Threei} Long Setup:  FB  .90 break
01[12:06] {Threei}  If holds  .80
[12:08] {fish_49} 2 sided
[12:09] {RonS} vape smokin...
01[12:09] {Threei}  lol
01[12:14] {Threei}  Invalidated  FB
01[12:16] {Threei}  1:1 if went with fish idea
[12:16] {dino} esi drop
[12:17] {fish_49} curious why .50  on wmt  not .52?  round number?   looks like range is .52 and .62?
01[12:18] {Threei}  when it's that close to round number, I prefer to use it as more batural support level
01[12:18] {Threei}  natural too
[12:18] {fish_49} ok
[12:19] {nemo} iwm might have to push through to get the 118 stops
01[12:19] {Threei}  most likely such numbers as .52 hold simply because there is huge support right under it, and buyers step up in front of that
01[12:20] {Threei}  but to trigger the trade break of that support is needed
01[12:20] {Threei}  (Yodaspeak)
[12:20] {fish_49} thanks for the explanation Vad.  It makes sense  and gives lil more confirmation
[12:23] {dino} esi gap fill
[12:24] {dino} esi smr l .90 pulp
01[12:25] {Threei}  see how selling accelerates after .50 break?
01[12:25] {Threei}  unlike .52
[12:26] {fish_49} yep
[12:26] {thomcbell} on which one vad?
[12:26] {fish_49} wally world
01[12:26] {Threei}  WMT
[12:26] {dino} out esi .60, +.70
[12:26] {RonS} wtg
[12:26] {dino} ty
[12:27] {dino} pega smr l .15 ave
01[12:28] {Threei}  just got an e-mail from trading gods: "This time you get away with chicken entrails. Next time it's 5lb of finest cheeses, 5 gallons of fine wine and 2 virgins."
01[12:29] {Threei}  hmmm
[12:29] {nemo} where u gonna' find virgins?
[12:29] {fish_49} everything is fine  but 2 virgins?
[12:29] {thomcbell} akam 62 break if holding 62.10
01[12:29] {Threei}  that's my major headache, yeah
[12:29] {fish_49} The only Virgin I know is Olive Oil
[12:29] {nemo} extra virgin
[12:30] {thomcbell} might need some sideways first
01[12:30] {Threei}  last time I spoke to her, she denied being a virgin, fish
[12:30] {fish_49} Nemo got her?
[12:30] {dino} vips crazy
[12:30] {nemo} made that mistake once
01[12:31] {Threei}  mumbled something about russian vodka being strong medicine against virginity
01[12:31] {Threei}  and added that vodka doesn't mesh well with oil
01[12:32] {Threei}  stop to .56
[12:32] {dino} ocn drop
[12:34] {thomcbell} no go akam
01[12:35] {Threei}  half out
01[12:35] {Threei}  stop .51
[12:42] {goinshort} what is a very good russian vodka?
[12:42] {nemo} there isn't one
[12:42] {goinshort} lol
[12:42] {nemo} not unless you like it by octane rating
01[12:42] {Threei}  not true at all nemo
[12:43] {nemo} well, one to which we have access
01[12:43] {Threei}  Russian Standard is fantastic
[12:43] {nemo} I never see that around here, and I live in a communist state
[12:43] {goinshort} is that grain or potato?
01[12:43] {Threei}  it's in every liquor store here
01[12:43] {Threei}  grain
[12:43] {nemo} this might be the top for the day
[12:45] {nemo} IWM is leading 118.25 is likely roof
01[12:47] {Threei}  US sellers: http://www.wine-searcher.com/find/standard+original+vodka+russian
01[12:50] {Threei}  ok Walmart... time to recrash
[12:51] {goinshort} looks like I can get it in St. louis
[12:52] {fish_49} try any local store and ask them to get it for you
[12:52] {fish_49} if they can't  then go to another local store
[12:52] {goinshort} will do
[12:52] {fish_49} I have done that with beer and some times  able to get it from half way across the country
01[12:53] {Threei}  don't freeze, just chill
01[12:53] {Threei}  it has character, it's not just a smooth tasteless vodka
[12:53] {nemo} oh, so it's not like Fish
[12:53] {dino} just what i need, more chacters in my life
01[12:53] {Threei}  lol
[12:54] {fish_49} Vad you laughed at that?  I thought you had class
[12:54] {goinshort} lol
01[12:54] {Threei}  at what? I laughed at dino's line
[12:54] {nemo} yes, funny you don't recognize it fish
01[12:54] {Threei}  for nemo I have this:
06[12:54] * nemo load drum
06[12:54] * Threei slaps nemo around a bit with a 10 lb frozen salmon
[12:54] {nemo} vicious
06[12:54] * Threei takes a bow
[12:55] {nemo} pass the wasabi
[12:55] {nemo} tza might be worth a shot here
[12:55] {fish_49} Nemo got slapped by my frozen cousin  cool  she has a hard right hand
[12:55] {fish_49} fin
[12:55] {nemo} since we can't short iwm
[12:55] {nemo} having said that, we're right at channel support
[12:55] {fish_49} why can't you short it?
[12:55] {dino} relgous reasons
[12:55] {nemo} because it doesn't say "S"
01[12:55] {Threei}  Zaratustra wonn't allow him
01[12:56] {Threei}  lol dino
[12:56] {dino} my spelling sucks today
01[12:56] {Threei}  my fault dino
01[12:56] {Threei}  sorry
01[12:56] {Threei}  my typing rubs off
[12:56] {nemo} set the price .20 higher then bbo and try to short it fishface
[12:56] {nemo} youl get Send_Rej
[12:56] {nemo} dufus
01[12:57] {Threei}  thEn?
01[12:57] {Threei}  thEn???
[12:57] {fish_49} oh  ok  I would never try to short it  so I had no Idea
01[12:57] {Threei}  sigh
01[12:57] {Threei}  grammar police
01[12:57] {Threei}  urgent
[12:57] {fish_49} dufus was spelled correctly Vad
06[12:57] * nemo would like to taser fish's ass with a 440 volt line
01[12:57] {Threei}  [12:56] {nemo} set the price .20 higher then bbo
[12:58] {fish_49} not a 34K line?
[12:58] {nemo} oh bbbo
[12:58] {nemo} no...I want to make sure you get enough amps
01[12:58] {Threei}  this is just below the "their-they're"
[12:58] {nemo} no youl
[12:58] {nemo} instead of you'll
[12:58] {nemo} tza working
[12:58] {fish_49} is it then or should that be than?
[12:59] {nemo} entweder oder
[13:00] {nemo} whoa, pretty low spy volume
[13:02] {dino} asps getting serious
[13:02] {nemo} .80ish first bounce point for iwm take some tza there
[13:02] {nemo} then see if it holds under entry
01[13:03] {Threei}  wow FB
[13:03] {fish_49} yea
[13:03] {fish_49} watchoing that Vad
[13:03] {nemo}  if it comes back down through .80 vwap likely target...market has been selling off in the afternoons
01[13:03] {Threei}  WMT baby
[13:04] {fish_49} come on wmt  2 more pennies
01[13:04] {Threei}  believe it or not, with this trade actually positive for the day
01[13:05] {Threei}  finally out of that morning hole
01[13:05] {Threei}  4 stops in a row, sheesh
[13:05] {fish_49} if I were to get out here  I would be positive for day
[13:05] {dino} gj, way to stick to it
[13:05] {fish_49} my limit order in at .33 and didnt get taken out
01[13:05] {Threei}  take half of what you have still fish
[13:06] {fish_49} k
01[13:06] {Threei}  secure some profit
01[13:06] {Threei}  get as close as you can to breakeven or slighly positive,
01[13:06] {Threei}  so even if last portion doresn't work, it's not painful anymore
[13:07] {goinshort} I know what ya mean - I'm $64 from green
01[13:07] {Threei}  there is math of odds theory that dictates the best way to manage the trade,
01[13:07] {Threei}  and there is a human side of all this,
01[13:07] {Threei}  we are not robots,
01[13:07] {Threei}  maintaining emotional balance is important
01[13:08] {Threei}  sometimes suboptimal way from pure math point of vieew is much better,
01[13:08] {Threei}  as it allows us to finction with less stress
01[13:08] {Threei}  function too
[13:08] {fish_49} good point  I have the remaining shares at a limit of .33  lets see if i can get hit
[13:09] {nemo} just stick ur chin out
[13:09] {dino} esi drops again
[13:09] {dino} anfi stopped b/e
01[13:09] {Threei}  there
[13:09] {fish_49} out
[13:09] {fish_49} and  positive territory
01[13:09] {Threei}  out you are as Yoda say would
[13:09] {fish_49} great day after all
[13:10] {dino} couple brutal drops going on, asps, esi
[13:10] {dino} edu
01[13:10] {Threei}  who would have thought in the morning, eh fish?
01[13:10] {Threei}  and you missed 1:3er on FB
[13:10] {fish_49} yea  but  It was a good test of an issue I have resolved  so  It was worth it to me
01[13:11] {Threei}  yup
[13:11] {fish_49} Even with the morning trades  I felt no pain and accepted it
[13:11] {fish_49} that in itself is victory to me
01[13:11] {Threei}  perfect
01[13:11] {Threei}  this is the state you need to cultivate
01[13:12] {Threei}  it's an odds game,
01[13:12] {Threei}  and sometimes odds go in clusters
01[13:12] {Threei}  a few stops here and there, we all accept that
[13:12] {fish_49} yes  and  I had bad feelings towards DAS folks  but that was resloved.  Honestly within 2 rings they answered the call and had me out of the trade within seconds
01[13:12] {Threei}  a few stops grouped together, it causes pain and doubts
[13:13] {fish_49} I have a new outlook towards those folks
01[13:13] {Threei}  I never underatood that bad feeling, honestly
01[13:14] {Threei}  they cater to day traders
01[13:14] {Threei}  as such, they are top league
01[13:14] {Threei}  server co-location, latency is negligible
01[13:14] {Threei}  software is top notch
[13:14] {fish_49} I believe that now
[13:14] {dino} kof and fmx getting crushed last few days
01[13:15] {Threei}  downtime is next to non-existent
01[13:15] {Threei}  and you know what a real test of how robust software is?
01[13:16] {Threei}  it's how it handles extremely high colume rapid trading days during market crash
01[13:16] {Threei}  when usual systems slow down to a crawl
01[13:16] {Threei}  and your orders travel in cyberspace like tortoises in mollasses
[13:16] {fish_49} my bad opinion came from their lack of support or understanding of their own software
[13:17] {fish_49} I figured out the details on my own
[13:17] {fish_49} but  now that I have confidence in their response at the trade desk  I am fine
01[13:17] {Threei}  you always run into someone in front line of support who knows a b and c, and haven't even heard of d...
[13:17] {nemo} yeah, tech support desks tend to have multiple levels
[13:18] {nemo} you get the grunts at first
[13:18] {dino} damn, missed asps and esi bottoms
01[13:18] {Threei}  I mean this is still good ole USA, the country in which salesman in central NY store when asked if they ship to Canada told me "sorry, we don't ship ioverseas"
01[13:18] {Threei}  1:2  WMT
[13:18] {fish_49} yea  level 1 was CC9  his response to my questions were  "Well why do you need that"
01[13:20] {Threei}  gs, you are breakeven now?
[13:20] {fish_49} hahahah  Overseas?  well the Great Lakes  are large Vad might as well be a sea  lol
[13:20] {goinshort} no  not yet
[13:20] {nemo} they have tides
01[13:21] {Threei}  yeah... when I suggested him to look up Canada on the map and find the sea between us, he wasn't amused
[13:21] {fish_49} I grew up on Lake Erie at a time when it caught fire in some places  lol
[13:21] {dino} gas?
[13:21] {fish_49} He didn't hang up on you?
01[13:22] {Threei}  no... we spoke of $1,700 camera, mind you
[13:22] {fish_49} no  not gas  pollution  debris, just general junk
[13:22] {fish_49} the lake really wasn't cleaned up until Nuc power came into play
[13:23] {dino} asps, ocn lods
[13:23] {fish_49} Lake Erie  is a clean lake now  compared to late 70's  and early 80's
[13:23] {fish_49} Welcome back Natan
[13:23] {nathan} hi guys
[13:23] {nemo} that was quite the pop in esi from 31.90 to 32.20
01[13:23] {Threei}  hey nathan
[13:24] {nathan} hey Rons i change my nich
[13:24] {nathan} nick
[13:24] {nathan} i choose nathan instead of satan ;-)
[13:24] {nemo} pity
[13:24] {nathan} :-)
[13:24] {dino} lol
[13:25] {dino} but before you could spell it backwards and frontwards the same
01[13:25] {Threei}  nemo is so upset about not having a buddy for his satanic cult, he has suffocated the serpent with his bare hands
[13:25] {nemo} maybe he was drunk
[13:25] {nemo} Xcuse me
[13:26] {fish_49} Nathan  I'm happy your not Satan.  we can only have one satan in the room and we  all know who that is  right Nemo?
[13:26] {nemo} those cults are such amateurs
[13:26] {nathan} lol
01[13:26] {Threei}  in nemo's vult there was supposed to be a buddy system
01[13:26] {Threei}  cult
[13:26] {nemo} Les hasn't been here for a month Fish
[13:27] {fish_49} lol good point  Toad
01[13:27] {Threei}  they would exchange flowers every morning
01[13:27] {Threei}  granted, those would be black flowers
[13:27] {nemo} besides, Satan is a bastardization of al Shaitan  "one who questions"
[13:28] {RonS} you shaitan me?
[13:28] {nemo} mmmhhh...not sure how to reply to that Ron
01[13:30] {Threei}  lol
[13:30] {dino} lol
[13:30] {nemo} guess Ron made a funny...
01[13:31] {Threei}  nemo's right on this one, however painful it is to admit... "shaitan" is a word in middle asia languages, from republics of xUSSR
01[13:31] {Threei}  haven't heard it in ages, just remembered when he typed that
[13:32] {nemo} Yeah, that side of the spirtual fauna is my bailiwick
[13:32] {fish_49} [13:31] {Threei}  nemo's right on this one,  even Vad admits Nemo is wrong most of the time
[13:33] {nemo} o.k. if the market gonna' drop the shorts should be forming now
[13:33] {fish_49} still range bound
[13:33] {nemo} That's a helluva' assumption for being such a noob here fishface
[13:34] {fish_49} assumption?
[13:34] {nemo} assertion
[13:34] {nemo} you're making an assumption which led to a written assertion
[13:34] {fish_49} you know what they say about assumptions and assertions
[13:35] {dino} asps vsm l .60
[13:35] {nemo} did you retire or get fired by the Feds?
[13:35] {fish_49} lol
[13:36] {RonS} N.Y. Regulator Probing Ocwen's Relationships
[13:36] {RonS} at airport?
[13:38] {RonS} Ocwen executive chairman William Erbey also chairs four other affiliated residential real-estate companies: Altisource Portfolio Solutions SA, Altisource Residential Corp, Altisource Asset Management Corp and Home Loan Servicing Solutions Ltd.
[13:38] {nemo} wow, spy volume really dropped off.  only 46.8 mil and I think it was around 42 mil at lunch
[13:38] {nemo} noon
[13:39] {nemo} waiting for Yellen
01[13:39] {Threei}  {Yellen} never before was called Godot...
[13:39] {nemo} trite
[13:39] {fish_49} he I mean she will have nothing new to say
[13:39] {nemo} not to be confused with trout
[13:39] {nemo} doesn't matter
[13:40] {nemo} you're looking for rationality in an irrational process
[13:40] {nemo} the market is a woman
[13:40] {nemo} with sharp teeth claws and venom
01[13:40] {Threei}  weird... mine is all smooth and curvy
[13:40] {nemo} http://goo.gl/CKQVAl
01[13:41] {Threei}  BBY Started to cut around 2,000 managers; no store closings planned - NY Post
01[13:41] {Threei}  FMCC Fannie and Freddie tick higher: Fox Business says analyst Bove will appear at 13:30ET and comment that the two GSE's should be "$18 stocks"
[13:46] {fish_49} toad  when you say "waiting for Yellen"  is she scheduled  to speak anytime soon?  I don't see anything on the Economic Calendar except the Fed speach later this evening
[13:46] {nemo} tomorrow
[13:46] {fish_49} ty
[13:47] {nemo} that's likely why spy volume is so low today
[13:47] {fish_49} I get it now
[13:47] {fish_49} thanks
01[13:47] {Threei}  crap... on top of bitcoin and Turkish lira collapse, now this:
01[13:47] {Threei}  Ukrainian currency has beaten the historical record on Feb. 26, reaching 10.33-10.5 per dollar on the interbank exchange market.
[13:47] {fish_49} A ton of news tomorrow
[13:47] {nemo} you must have stood up
[13:47] {nemo} to take the pressure of your brain
01[13:47] {Threei}  I don't know anymore where to out my money
01[13:48] {Threei}  I mean, I have to het out of this fiat currency that is worth nothing, right?
[13:48] {nemo} gold is real money man
[13:48] {fish_49} ohh thats why the DX  (Dollar)  is up so well today
[13:48] {fish_49} lol
01[13:48] {Threei}  ah yes
01[13:48] {Threei}  gold... sound money
[13:49] {nemo} frickin' manipulators
01[13:49] {Threei}  just to make sure I get it precisely right... not sea shells?
[13:49] {nemo} remember that gold guy at the first conference?
[13:49] {nemo} best thing about him was the two women that came with him
01[13:49] {Threei}  from Europe?
01[13:49] {Threei}  oh
01[13:49] {Threei}  yes
[13:49] {nemo} nah, Texas I think
01[13:50] {Threei}  yup
[13:50] {fish_49} was that the Cute Asian Girl that was sitting next to you in the Pic we had a month ago or so
[13:50] {nemo} oh, he showed that...yeah, her husband didn't like me
01[13:50] {Threei}  I wonder why
[13:50] {fish_49} oh she was married
[13:50] {fish_49} even in the pic I could see she was all into you
[13:51] {nemo} I kept having to tell her, "go talk to your husband."
[13:51] {nemo} on the boat though, wasn't much room to move
[13:52] {nemo} sheesh...had to climb OVER the tables to get more vodka
01[13:52] {Threei}  "had to?"
[13:52] {fish_49} I don't drink Vodka
01[13:52] {Threei}  you were very happy to
[13:52] {nemo} moral imperative
[13:52] {fish_49} how do you drink it ?  straight on the rocks?
[13:52] {nemo} straight or intravenously
[13:52] {nemo} no other way
01[13:52] {Threei}  I don't remember rocks
[13:53] {nemo} Yeah, I drink with Russians, and the Russians I drink with would easily kill me
[13:53] {nemo} frickin' blaspehmous
[13:54] {fish_49} why would they kill you?  are they anti american or just anti gay?
01[13:55] {Threei}  lol
[13:57] {dino} out asps 100.78, +1.18
[13:57] {fish_49} wow
[13:57] {fish_49} nice
[13:57] {nathan} wow
01[13:58] {Threei}  wtg
[13:58] {dino} pega going for 40.90 gap, nov
01[13:58] {Threei}  watching FB for bounce to short into
[13:58] {nemo} I'll give you a 2.0 on that one fish
[13:58] {fish_49} 2.0 out of ?
[13:59] {nemo} 100
[13:59] {nemo} walked into that one
[14:03] {dino} damn pega, was at 40.91
[14:03] {fish_49} no place for a stop Vad?
[14:03] {nathan} di you jump into FB?
01[14:04] {Threei}  no
[14:04] {fish_49} could bounce here
01[14:04] {Threei}  just no clear setup
01[14:11] {Threei}  grrrr
01[14:11] {Threei}  one that got away
01[14:11] {Threei}  right idea, haven't found the setup
01[14:13] {Threei}  Federal court orders Google to take down YouTube anti-Muslim video 'Innocence of Muslims'
01[14:13] {Threei}  really?
01[14:13] {Threei}  we are takign down offensive things now?
[14:13] {fish_49} huh?
[14:13] {fish_49} OMG
[14:14] {fish_49} are they going to say it will be the cause of another benghazi?
01[14:14] {Threei}  I demand taking down Inconvenient Truth, it offends me deeply as it does away with reality and insults any sane person intelligence
[14:15] {RonS} dems mountin full frontal war on free speech...someone needs to find a new Lenny Bruce...
01[14:15] {Threei}  that's OK, we can all convert to turkish lira and immigrate to Ukraine
01[14:15] {Threei}  oh wait...
[14:16] {nathan} what's going on in FB?
01[14:16] {Threei}  no news
[14:17] {nathan} are the going to buy Microsoft paint?
01[14:17] {Threei}  lol
01[14:17] {Threei}  (US) Chairman of the House Ways and Means Committee Camp (R-MI) releases details of his tax simplification plan- As previously reported the plan cuts US income tax brackets to only two (10% and 25%), phased in over five years. This would be offset by eliminating numerous and varied tax breaks that have been added into the tax code over decades. - The Camp tax plan is not expected to get much traction in Washington, but could serve as a starting point for future efforts on tax reform and simplification.
[14:18] {nemo} senate already told him to pound sand
01[14:18] {Threei}  almost bounce time, FB
[14:18] {nathan} will break the 69? :-)
01[14:19] {Threei}  I think so
[14:19] {dino} pega sm l .00
[14:19] {nemo} frickin' twtr, dropped .80 like a double diamond slope
01[14:19] {Threei} Long Setup:  FB  69 break
01[14:19] {Threei}  If holds  .90
01[14:19] {Threei}  risky one
01[14:19] {Threei}  but all bottom fishing is
01[14:19] {Threei}  1:1
01[14:20] {Threei}  1:2
01[14:21] {Threei}  man... positive for the day
[14:21] {fish_49} I missed it  but have a question
01[14:21] {Threei}  two huge clusters, losing one in the morning, winning one after that
01[14:21] {Threei}  rare occurence
01[14:21] {Threei}  normally they are mixed more evenly
01[14:22] {Threei}  why missed? it wasn't particularly fast on a break
01[14:22] {Threei}  1:3
01[14:22] {Threei}  and returned to .01
[14:25] {fish_49} Vad  so the pop up was on decreased volume  would that be an indication of a continuation down ?
01[14:26] {Threei}  why decreased? 14:20 candle is quite nice volume
[14:26] {fish_49} yes
[14:26] {fish_49} then after that on a 3 min  i see very lil vol
01[14:26] {Threei}  even karger than 14:15, largest red one up tio that point
[14:27] {fish_49} Obviously I'm wrong  it continues up
01[14:27] {Threei}  trade in progress already by that time, just manage it
01[14:27] {Threei}  standard operating procedure kicks in
[14:28] {fish_49} yea  I was  not asking about that  just tring  to learn about volume
01[14:28] {Threei}  volume is still larger on green candles than on red ones after bottoming
01[14:28] {Threei}  compare them between themselves to see how forces are distributed now
01[14:30] {Threei}  you can also view it this way:
01[14:30] {Threei}  decline after 14:15 was on decreasing volume,
01[14:30] {Threei}  which indicated sellers running out of gas
01[14:30] {Threei}  let see if this is double bottom
01[14:31] {Threei}  crap, late
01[14:31] {Threei}  too fast
01[14:31] {Threei} Long Setup:  WMT  .40 break
01[14:32] {Threei}  If holds  .34
01[14:33] {Threei}  ugh... such nice db setup
01[14:34] {Threei}  Poll: 42% of Dems Prefer Biden to Run for Prez
[14:34] {RonS} lol
01[14:34] {Threei}  please god
[14:34] {goinshort} gotta go -be back tomorrow
01[14:34] {Threei}  take care gs
[14:34] {nemo} don't worry, Secret Service will assasinate him
[14:34] {RonS} sp prez goes from joke to joker...
[14:34] {RonS} so
[14:35] {dino} he looked like the joker in those debates
01[14:37] {Threei}  I really want him to run and win primaries
01[14:37] {Threei}  for more reasons than I care to list
01[14:41] {Threei}  1:1
01[14:41] {Threei}  the most unusual day in a very long timew
[14:42] {fish_49} I'm out here at .53  thanks Sir
01[14:42] {Threei}  must be for newer guys, nathan and philip... to show the market at its worst, lol
01[14:42] {Threei}  yw
[14:42] {nathan} yeah pretty sure
[14:42] {nathan} lol
01[14:43] {Threei}  but hey... gave me a chance to show how we handle it at our best
[14:43] {_philipswich} great trading, been a pleasure to watch :)
01[14:43] {Threei}  glad to hear philip
[14:45] {nemo} gmcr below .60 could go for awhile
01[14:46] {Threei}  in some perverted way, this kind of days delivers me more joy than thw one we had on Monday, with 100% winning rate
01[14:46] {Threei}  challenge...
[14:47] {nemo} yes, well...you like flossing with barbed wire too
01[14:47] {Threei}  and hard to get girls
01[14:47] {Threei}  guilty as charged
01[14:48] {Threei}  1/4 more out WMT
01[14:48] {Threei}  stop .49
01[14:48] {Threei}  1:2
06[14:49] * Threei makes a note to self not to let the wife read today's log
[14:50] {nathan} dinner time for me
[14:50] {nathan} see you tomorrow
[14:50] {nathan} good day for me too
01[14:50] {Threei}  take care nathan
[14:50] {nemo} fb looks iffy on this bounce
01[15:10] {Threei}  maria bartiromo joined Fox news
01[15:11] {Threei}  on top of CNN dumping Morgan, all I need now is Biden running for president
[15:11] {fish_49} lol
[15:12] {fish_49} lol
01[15:12] {Threei}  and my entertainment roster will be complete
[15:12] {fish_49} Maria is a great addition
01[15:13] {Threei}  it gets better... The Americans is back with season 2 today
[15:13] {fish_49} never watched that
01[15:13] {Threei}  russdian spy family in USA
[15:13] {fish_49} I like anything Alaska  and my wife started watching that 90 day bride thing
01[15:13] {Threei}  modern boris and natasha
01[15:14] {Threei}  only more serious
[15:14] {fish_49} she had issues with the russian girl on that show  lol
01[15:15] {Threei}  stop for the last piece to .54
01[15:16] {Threei}  1:3
01[15:16] {Threei}  out
01[15:16] {Threei}  me happy
[15:16] {thomcbell} what was that wmt vad?
[15:16] {fish_49} wow  who would have thunk it  hit .70
[15:16] {fish_49} impressive
01[15:16] {Threei}  yes thom
01[15:17] {Threei}  see fish... you make this mistake
[15:17] {darekj} ty Vad-grate job today :)
01[15:17] {Threei}  you think
01[15:17] {Threei}  darek :)
[15:17] {fish_49} mistake?
01[15:17] {Threei}  yes
01[15:17] {Threei}  you think
01[15:17] {Threei}  I don't
01[15:17] {Threei}  or at least, I think twice before thinking
[15:17] {fish_49} being up $180 dollars on a day like today I don't think was a mistake
[15:18] {fish_49} ok  I will try not to think
01[15:18] {Threei}  and if you got thosde 2 1:3ers on FB...
01[15:18] {Threei}  you will find it very liberating
[15:19] {fish_49} ohhh  if I caught that  i would be on top of the world
01[15:19] {Threei}  I have to think only when I have to explain the decision-making
[15:19] {fish_49} I'm actually proud of myself  taking TWTR shjort at .80 and getting .30 cents on the short and calling the bounce
01[15:19] {Threei}  good job
[15:20] {fish_49} your paid  to think I get paid  to follow your advice  lol
01[15:20] {Threei}  I don't believe I will be very far from truth when say" process of learning to trade in larger part isd a process of un-learning to think
[15:20] {fish_49} only 10 shares  on TWTR  just trying it as a confidence booster
[15:21] {fish_49} ok  let me show you the volume issue I was asking about  with FB  b4
[15:21] {_philipswich} thanks a lot Vad, got to go now. Bye all
01[15:21] {Threei}  yw phulup, see you tomorrow
01[15:21] {Threei}  philip
01[15:21] {Threei}  my typing, sheesh
[15:21] {fish_49} laters Philipo
[15:21] {fish_49} Philip
[15:21] {fish_49} me too
[15:24] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/FBvol_zpsc13163a6.jpg.html
[15:24] {fish_49} this is what I was talking about  earlier
01[15:25] {Threei}  well, on a big scheme of things, look at FB
01[15:25] {Threei}  it was a lousy bounce
[15:25] {fish_49} On a 3 min chart  I watched price rise .40 cents  but  volume was decreased  significantly and my instinct was to get short which would have paid off on a scalp
01[15:26] {Threei}  and it retreated under 69 twice since then and it reatreats now again
[15:26] {fish_49} yep
01[15:26] {Threei}  another matter is, for our purposes the scale of themove was such that even that lousy bounce provided us with quite enough room to profit
01[15:27] {Threei}  (UR) US Sec State Kerry: US is considering plan to offer Ukraine $1.0B in loan guarantees plus further direct financial aid- Russian military moves against Ukraine would be a very grave, costly mistake
01[15:28] {Threei}  Kerry... Putin plays chess, you barely learned how to put checkers on the board
01[15:28] {Threei}  let alone actuaklly play them
[15:28] {fish_49} I don't trust Kerry
[15:28] {fish_49} Does he come from Mass?
[15:28] {RonS} ketchup
[15:29] {fish_49} who else do we know that is in Mass?
[15:29] {nemo} yeah, and basically works in the middle of Maryland
[15:29] {fish_49} and who else do we know that came from Maryland  but lives in Mass now?
[15:29] {fish_49} lol
[15:29] {fish_49} Checkmate I win Toad
[15:30] {nemo} he doesn't live in MA, just a mailing address
[15:36] {nemo} Are you insinuating I came from Maryland?
[15:37] {fish_49} not at all
[15:37] {nemo} good
[15:40] {thomcbell} jcp very impressive squeezing
[15:44] {fish_49} Thom  do you trade JCP?
[15:45] {thomcbell} no
[15:46] {thomcbell} i prefer 20 and above price
[15:47] {thomcbell} probably a good scalp short here
[15:47] {thomcbell} but not doing it
[15:47] {dino} do it tbell, we all did
01[15:51] {Threei}  OK guys, thank you all
01[15:51] {Threei}  have a good evening, see you tomorrow
[15:53] {darekj} good night all
[15:53] {fish_49} gn DJ
[15:54] {fish_49} later 3I