Also, another great review for A Taoist Trader: http://goo.gl/jn5hQV. Hard copy from Amazon or e-book from http://www.realitytrader.com/ttebook.html, get it - you won't be sorry!
Session Time: Mon Apr 27 00:00:00 2015
[08:55] {dino} gm 3i
01[08:55] {@Threei} dino :)
[09:14] {drewj} Morning all
01[09:14] {@Threei} drew :)
[09:16] {drewj} How are you today Vad?
01[09:16] {@Threei} not much different from yesterday...
01[09:16] {@Threei} which might not be a too bad thing after 40 :)
[09:16] {drewj} So how were you yesterday?
01[09:17] {@Threei} well, you know the answer, don't you? :)
01[09:17] {@Threei} it will involve the day before as basis for comparison
[09:17] {drewj} Are you trying to be difficult?
[09:17] {drewj} Jesus
01[09:17] {@Threei} not really... it comes to me naturally
[09:18] {drewj} :)
01[09:18] {@Threei} and, my sense of humor wakes up about 2 hours later than the rest of me...
[09:19] {jfjf64} Mornin all
01[09:20] {@Threei} jf :)
[09:20] {drewj} Ask Vad how he is today JF
01[09:20] {@Threei} guys, got you a better e-mail to use in case of tech difficulties:
01[09:20] {@Threei} help@logixtrader.com
01[09:20] {@Threei} faster response
[09:22] {jfjf64} How r u today vg?
01[09:23] {@Threei} {--- crying
01[09:24] {@Threei} but OK, let's do it again if drew insists
01[09:24] {@Threei} [09:16] {@Threei} not much different from yesterday...
01[09:24] {@Threei} [09:16] {@Threei} which might not be a too bad thing after 40
01[09:31] {@Threei} Upside:
01[09:31] {@Threei} -CANF +27% (reported positive results from Phase 2/3 psoriasis trial)
01[09:31] {@Threei} -IBIO +9.5% (arranged production of IBIO-CFB03 for clinical development with Caliber Biotherapeutics)
01[09:31] {@Threei} -PWRD +4.5% (enters into definitive agreement for going private transaction at $20.20/shr)
01[09:31] {@Threei} -IGTE +3.8% (being acquired by Capgemini for $4B)
01[09:31] {@Threei} -HSBC +3.2% (said to be considering spin-of of UK retail bank unit)
01[09:31] {@Threei} Downside:
01[09:31] {@Threei} -CLDN -77% (negative data for Mydicar trial: other gene therapy names also down 4-6%: BLUE, QURE, ONCE, AAVL)
01[09:31] {@Threei} -AKRX -15% (negative broker commentary; momentum from restatement news 4/24)
01[09:31] {@Threei} -COCO -6.5% (announced cessation of all operations)
01[09:31] {@Threei} -AMAT -5.8% (ending merger agreement with Tokyo Electron)
01[09:31] {@Threei} -MRVL -4.3% (negative broker commentary; momentum from reducing Q1 guidance)
01[09:32] {@Threei} Long Setup: CLDN 3 break
01[09:32] {@Threei} If holds .90
01[09:33] {@Threei} Long Setup: FB 82 break
01[09:33] {@Threei} If holds ,90
01[09:34] {@Threei} Invalidated FB
01[09:34] {@Threei} CLDN is valid
[09:35] {jfjf64} Qsr 43 break
01[09:35] {@Threei} Long Setup: FB .70 break
01[09:35] {@Threei} If holds .60
01[09:37] {@Threei} 1:1 FB
01[09:38] {@Threei} 1:2
01[09:39] {@Threei} 1:3
01[09:39] {@Threei} 1:4
01[09:39] {@Threei} out
[09:39] {jfjf64} Ty
01[09:39] {@Threei} yw
[09:39] {drewj} Nice one
01[09:39] {@Threei} :)
01[09:40] {@Threei} CLDN, not even peek above 3?
01[09:40] {@Threei} come on
01[09:40] {@Threei} Invalidated CLDN
[09:43] {jfjf64} Jd break .15
01[09:47] {@Threei} Long Setup: JPM .90 break
01[09:48] {@Threei} If holds .85
[09:50] {nemo} AAPL gravity defying before earnings
01[09:53] {@Threei} 1:1
01[09:54] {@Threei} 1:2
[09:57] {jfjf64} Vips .45 break
[09:57] {dino} drew, yuo missed a very good friday
[09:57] {dino} you
[09:58] {jfjf64} 1:1 1:2
[10:00] {drewj} I was sick...I took the day off from work as well.
[10:02] {drewj} I'll look at the log
[10:05] {jfjf64} Va .65 break short
[10:06] {drewj} How are your options plays going dino?
[10:07] {jfjf64} Stoped
[10:10] {dino} good
01[10:13] {@Threei} Short Setup: TWTR 52 break
01[10:13] {@Threei} If holds .10
[10:13] {dino} akrx sm ml .45
[10:14] {dino} stop is .14
[10:15] {jfjf64} Watch cldn vg
01[10:15] {@Threei} Invalidated
01[10:16] {@Threei} doesn't seem to have life in it jf
[10:21] {jfjf64} Dd explding
[10:23] {dino} dd sm s .66
[10:24] {dino} stop dd .97, -.31
[10:24] {dino} damn
[10:24] {dino} dd s .88
[10:25] {jfjf64} .88
[10:25] {jfjf64} Also
[10:25] {jfjf64} Stop hod
[10:26] {jfjf64} 200 shares
[10:26] {dino} akrx stopped
[10:27] {dino} 1k jf
[10:28] {jfjf64} 200
[10:28] {jfjf64} You in 1k
[10:28] {dino} y
[10:29] {dino} .60s tough
[10:29] {jfjf64} Gets pass .45
[10:29] {jfjf64} We good
01[10:30] {@Threei} *(US) APR DALLAS FED MANUFACTURING. ACTIVITY: -16 V -12.0E
[10:30] {dino} cov dd .34, +.54
[10:33] {dino} damn, too soon
[10:33] {dino} nice read jf
[10:33] {jfjf64} Ty
[10:33] {jfjf64} Out
[10:34] {jfjf64} .74 cents
[10:34] {dino} beauty
01[10:34] {@Threei} wtg
[10:43] {jfjf64} Tsla looks short here no?
[10:43] {jfjf64} Lol
[10:43] {nemo} no
[10:44] {nemo} UPS looks shortish here
01[10:44] {@Threei} Long Setup: MCD .30 break
01[10:45] {@Threei} If holds .20
01[10:48] {@Threei} nah
[10:49] {nemo} or is that a "meh"
01[10:49] {@Threei} no, meh is a 5 cents stop
[10:50] {nemo} ahhh...so "nah"="no worky"
[10:52] {dino} 3i, i saw your logix post earlier, is that who you are trading through?
[10:52] {nemo} to whom do you speak?
01[10:53] {@Threei} yes
[11:02] {nemo} IWM looks long here
[11:02] {jfjf64} Yes
[11:02] {nemo} stop under low
[11:03] {jfjf64} Me in
[11:03] {nemo} sheesh
[11:03] {jfjf64} Me stopped
[11:03] {dino} dd hod
[11:04] {jfjf64} Buyer in there dino
[11:06] {nemo} 125.62 Weekly pivot on IWM
[11:08] {jfjf64} You short dd dino
[11:11] {dino} not yet
[11:11] {dino} having platform issues
[11:12] {jfjf64} In Iwm .91
[11:13] {jfjf64} Need to break 126
[11:13] {jfjf64} That was prob right entry
01[11:15] {@Threei} https://www.facebook.com/VadymGraiferPhotography/photos/a.488848774527976.1073741828.483178015095052/832319220180928/?type=1
[11:16] {drewj} I just hung one of those for my daughter on our patio.
[11:16] {drewj} I was thinking of getting a few more.
01[11:17] {@Threei} a lot of fun
[11:17] {drewj} She's got a green thumb so we've been dong a lot of gardening too.
[11:17] {drewj} 9 yrs old
[11:17] {jfjf64} 1:1 close enough
[11:18] {dino} gj
[11:18] {nemo} IWM hit pivot
[11:19] {jfjf64} You long nemo
[11:19] {nemo} no
[11:19] {jfjf64} Dd ready Dino short
01[11:20] {@Threei} Long Setup: TWTR .45 break
01[11:20] {@Threei} .c .35
01[11:20] {@Threei} If holds .35
[11:21] {jfjf64} .60 break
[11:21] {jfjf64} Dd
[11:22] {jfjf64} Invalid
[11:27] {dino} s dd .53
[11:30] {dino} dd bs is .67
[11:33] {jfjf64} Six s .39
01[11:41] {@Threei} no go
[11:43] {dino} dd bs to .32
[11:43] {nemo} think above .40 better
[11:44] {dino} cov dd .31, +.22. thx for idea jf
[11:44] {nemo} hasn't broken that .25 swing low
[12:02] {jfjf64} Rgls long .16
[12:03] {jfjf64} Bouncer
01[12:06] {@Threei} Greek PM Tsipras reshuffled his team handling talks with Europe and the IMF after Finance Minister Varoufakis was sharply criticized for his performance negotiations last week. Deputy Finance Minister Tsakalatos was tapped to replace Varougakis as the main Greek negotiator, and Tsipras was reportedly preparing labor and pension concessions to satisfy European demands. The euro rose to a near three-week high on the news
01[12:06] {@Threei} Iron ore and copper prices are up for the third consecutive session as investors bet China will take more action support the economy with stimulus of one kind or another. The reports out on Sunday suggested the PBoC might consider unconventional policies to buy assets from banks or directly buy bonds to rebuild balance sheets and reinvigorate economy.
01[12:15] {@Threei} Short Setup: TWTR 52 break
01[12:15] {@Threei} If holds .10
01[12:19] {@Threei} 1:1
[12:21] {jfjf64} .60 break iwm
[12:22] {jfjf64} Invalid
[12:23] {nemo} think it's close JF
[12:23] {jfjf64} Yes sir
[12:23] {jfjf64} In
[12:23] {jfjf64} Imo
[12:24] {jfjf64} I'm not in
01[12:28] {@Threei} that pullback under .50, that was the best entry point on .50 recross
01[12:28] {@Threei} with clear stop under .40
01[12:28] {@Threei} aggressive entry for .60 break, double bottom
01[12:38] {@Threei} 1:1 TWTR
01[12:38] {@Threei} 1:2
01[13:15] {@Threei} Long Setup: VXX .30 break
01[13:15] {@Threei} wow
01[13:15] {@Threei} 1:1
[13:29] {dino} amot drop
[13:32] {dino} amot sm l .95
[13:36] {jfjf64} Akrx short here
[13:36] {jfjf64} .20 break
[13:39] {jfjf64} 35.55 long jd
[13:42] {drewj} Hey Vad...how do you work out where to place stop and invalidation levels?
01[13:42] {@Threei} from the chart
01[13:42] {@Threei} nearest support or resistance
[13:43] {drewj} so you bracket the two with the price right in the middle?
01[13:43] {@Threei} hmm?
01[13:43] {@Threei} sorry, don't understand
[13:43] {drewj} I know I would get a lot of invalidations
01[13:44] {@Threei} I look for a channel formed by horisontal lines
01[13:44] {@Threei} one serves as a resistance, another as support
[13:44] {drewj} so above and below the channel
01[13:44] {@Threei} if looking for a long, resistance serves as a trigger
01[13:44] {@Threei} and saupport as a stop/invalidation
01[13:44] {@Threei} and vice versa if short
[13:45] {drewj} for me some of the channels get wider than 10 cents
01[13:45] {@Threei} sure
[13:45] {drewj} but you never use those wider ones
01[13:45] {@Threei} then you entier: simply skip the play and go look for another
01[13:45] {@Threei} or
01[13:45] {@Threei} play it with smaller shares
01[13:46] {@Threei} either
[13:46] {drewj} ok
[13:58] {dino} athm drop
01[14:16] {@Threei} Long Setup: IWM .40 break
01[14:16] {@Threei} If holds .30
[14:20] {dino} out amot .35, +.40
01[14:21] {@Threei} wtg
[14:21] {dino} ty
[14:21] {dino} surprised it didn't bounce more
[14:21] {nemo} indexes weighing
[14:22] {dino} maybe
01[14:23] {@Threei} 1:1
[14:23] {jfjf64} AAPL .45 long
[14:23] {nemo} earnings tonight
[14:23] {jfjf64} .48
[14:23] {jfjf64} Fill
[14:27] {jfjf64} 1:2
01[14:27] {@Threei} 1:2
[14:29] {jfjf64} 1:3
[14:29] {jfjf64} Out
[14:30] {dino} gj
[14:31] {jfjf64} Ty
[14:43] {jfjf64} Vanguard group largest share holder of Apple stock
[14:43] {jfjf64} 43.9 billion
[14:43] {jfjf64} Wow
[14:44] {nemo} that's because it's the number 1 stock in the SPY and the Qs
[14:44] {nemo} they are big indexers, so they have to maintain weightings
[14:45] {nemo} If I were they, I hope they have a shitload of puts tonight
[14:45] {dino} wonder about that, aren't they long only funds
[14:45] {nemo} doesn't mean they can't own options
[14:45] {nemo} just can't be short
[14:47] {nemo} if APPL results disappoint, spy, Qs, Rut 1000, Dow gonna' STB
[15:00] {jfjf64} Emes watchin bounce
[15:03] {jfjf64} 30 break
01[15:06] {@Threei} Long Setup: FB .25 break
01[15:06] {@Threei} If holds .15
01[15:10] {@Threei} Invalidated
01[15:10] {@Threei} Short Setup: FB .10 break
01[15:10] {@Threei} If holds .20
01[15:17] {@Threei} another review of A taoist Trader on amazon, ravingly positive
01[15:18] {@Threei} http://goo.gl/jn5hQV
[15:20] {jfjf64} Common fb break 82 wall
01[15:23] {@Threei} touched 1:1, so let's trail to .16
[15:28] {nemo} yeah, with AAPL after, things should get bumpy unless it lets go
[15:29] {nemo} and looks like they're gonna bring it back to VWAP
[15:29] {jfjf64} Hot .75 break s
[15:30] {nemo} .60 is support
[15:30] {drewj} OK guys, have a great rest of the day
[15:31] {nemo} vxx may be a long play into the close
01[15:31] {@Threei} 1:1
[15:31] {nemo} ass covering before aapl
01[15:33] {@Threei} 1:2
01[15:36] {@Threei} 1:3 FB bay
01[15:36] {@Threei} baby
01[15:36] {@Threei} out
01[15:36] {@Threei} nice day once again
[15:36] {nemo} there goes VXX
[15:36] {jfjf64} Nicely done
01[15:36] {@Threei} finishing on this
01[15:36] {@Threei} thank you all, have a great evening
01[15:36] {@Threei} see you tomorrow
[15:36] {jfjf64} Good day
