Session Time: Tue Apr 28 00:00:00 2015
[09:09] {dino} gm
01[09:09] {@Threei} dino :)
[09:18] {drewj} gm
01[09:18] {@Threei} drew :)
01[09:29] {@Threei} Upside:
01[09:29] {@Threei} -RTEC +8% (earnings)
01[09:29] {@Threei} -DGLY +7.5% (unrest in Baltimore; TASR & SWHC also up on the news)
01[09:29] {@Threei} -RCII +6.5% (earnings)
01[09:29] {@Threei} -MRK +5% (earnings)
01[09:29] {@Threei} -UPS +2% (earnings)
01[09:29] {@Threei} -AET +2% (earnings)
01[09:29] {@Threei} -SVU +1.6% (earnings)
01[09:29] {@Threei} Downside:
01[09:29] {@Threei} -TCS -23% (earnings)
01[09:29] {@Threei} -CPHC -15% (no news seen)
01[09:29] {@Threei} -AMKR -9% (earnings)
01[09:29] {@Threei} -UTHR -8% (earnings)
01[09:29] {@Threei} -WHR -7.4% (earnings)
01[09:29] {@Threei} -AMRN -6% (response letter from FDA regarding Vascepa)
01[09:29] {@Threei} -ALSN -5% (earnings)
01[09:29] {@Threei} -PH -3.5% (earnings)
01[09:29] {@Threei} -CUDA -3% (earnings)
01[09:29] {@Threei} -AUDC -3% (earnings)
01[09:31] {@Threei} Long Setup: FB .70 break
01[09:31] {@Threei} lol
01[09:31] {@Threei} late
01[09:31] {@Threei} valid again
01[09:31] {@Threei} If holds .50
[09:31] {jfjf64} Nov 51 break short
01[09:32] {@Threei} two-sided
01[09:32] {@Threei} 1:1
01[09:32] {@Threei} 1:2
01[09:34] {@Threei} wow
01[09:34] {@Threei} rug pull
01[09:37] {@Threei} Long Setup: IWM .60 break
01[09:37] {@Threei} If holds .50
[09:38] {nemo} love computer problems
01[09:38] {@Threei} 1:1
01[09:38] {@Threei} what happened?
[09:39] {nemo} noticed it was very sluggish, so rebooted
01[09:40] {@Threei} 1:2
[09:48] {jfjf64} Msft short .45
01[09:49] {@Threei} Long Setup: DAL .90 break
01[09:49] {@Threei} If holds .80
[09:52] {dino} amot drop
[09:52] {dino} athm drop
[09:52] {jfjf64} No go msft
[09:54] {jfjf64} Fcx nice vol
[09:56] {jfjf64} Fcx .65 break
[09:56] {jfjf64} Hold .60
[09:56] {nemo} long or short?
[09:56] {nemo} ahhh
[09:57] {jfjf64} Long
01[10:00] {@Threei} *(US) APR CONSUMER CONFIDENCE: 95.2 V 102.2E
[10:00] {jfjf64} 1:2
01[10:00] {@Threei} Short Setup: AIG .10 break
01[10:00] {@Threei} If holds .18
[10:04] {jfjf64} Gild bounce time??
01[10:05] {@Threei} 1:1
[10:05] {cosmo} is this a consumer confidance dip?
[10:05] {dino} vdsi destroys earnings and raises, but won't stay up
01[10:06] {@Threei} who knows cosmo
[10:06] {cosmo} k
[10:09] {jfjf64} Twtr lod
[10:10] {jfjf64} Rcl under 70
[10:10] {jfjf64} Wow
[10:14] {dino} 07 fat red
[10:14] {dino} fast
[10:14] {jfjf64} Bombs away
[10:14] {nemo} yeah, algo very red
01[10:14] {@Threei} 1:3
[10:15] {jfjf64} Nice vg
01[10:15] {@Threei} ty
[10:16] {jfjf64} Gold getting action
[10:19] {jfjf64} Take ya 1:4 vg
[10:19] {jfjf64} Nice job pal
01[10:20] {@Threei} yup, 1:4 and out
[10:21] {jfjf64} On that note I'm gonna go have bacon and egg on a bagel
[10:21] {jfjf64} I'll be back
[10:24] {nemo} see ya' Ahnold
[10:27] {nemo} HOT
[10:33] {nemo} major volume spike
[10:44] {jfjf64} Boy ups
[10:45] {nemo} yep #2 strong on algo green across the board
02[10:52] * Disconnected
Session Close: Tue Apr 28 10:52:08 2015
Session Start: Tue Apr 28 10:52:08 2015
Session Ident: #discussions
02[10:52] * Attempting to rejoin channel #discussions
03[10:52] * Rejoined channel #discussions
[10:53] {jfjf64} Lol
[10:56] {drewj} Vad how do you organize you trade timing with spy?
01[10:58] {Threei} I am not sure the term organize fits here
01[10:58] {Threei} there is no any special procedure
01[10:58] {Threei} I simply look for setups that SPY action supports
01[10:59] {Threei} SPY was in freefall mode, I was looking for shorts
01[10:59] {Threei} AIG fit the bill
01[10:59] {Threei} simple as that
[11:00] {jfjf64} K I S S
[11:00] {drewj} So you are waiting for more powerful impulses?
[11:00] {nemo} no, vodka delivery
[11:00] {drewj} right JF
[11:00] {drewj} :)
01[11:00] {Threei} I don't know how to answer that drew, I don't understand the premise of the question
[11:01] {jfjf64} ? They didn't deliver vodka today nemo
01[11:01] {Threei} there is no "impulse" as an element of my system
[11:01] {drewj} So any trade is ok as long as it agrees with the market.
[11:01] {nemo} forgot to put my order in last night
01[11:01] {Threei} there are chart congurations with their elements
[11:02] {jfjf64} Go to other store
[11:02] {nemo} I get a volume discount
[11:03] {jfjf64} Sounds like cd be problem
[11:03] {jfjf64} More ways then one
[11:04] {jfjf64} Spy hod
01[11:09] {Threei} Long Setup: FCX .75 break
01[11:09] {Threei} If holds .70
[11:10] {nemo} hah
01[11:12] {Threei} ?
[11:12] {nemo} jumped the entry
[11:12] {nemo} broke .75 right 7o .78
[11:13] {jfjf64} I took. Half off
[11:14] {jfjf64} Flag in nice
01[11:25] {Threei} closed
[11:31] {jfjf64} Rcii .40 break
01[11:34] {Threei} Short Setup: JPM .35 break
01[11:34] {Threei} If holds .45
01[11:35] {Threei} Invalidated
[11:39] {jfjf64} Vxx time vg
[11:40] {jfjf64} ?
01[11:44] {Threei} I doubt it
01[11:52] {Threei} Long Setup: JPM .45 break
01[11:52] {Threei} If holds .40
01[12:28] {Threei} anyone took JPM?
[12:28] {drewj} on paper!
[12:28] {drewj} does that count?
01[12:28] {Threei} as long as you manage it appropriately
01[12:30] {Threei} A confusing dust-up in the Persian Gulf roiled markets mid-morning. Reports emerged around 10:00ET that Iran had seized a US cargo vessel, sending indices tumbling. Within an hour, a more complete picture emerged:
01[12:31] {Threei} apparently the Iranian Revolutionary Guard seized a Marshall Islands-flagged Maersk cargo ship in the Straits of Hormuz and the ship's distress call was answered by a US Navy destroyer, and warning shots were possibly fired by one side or the other.
01[12:42] {Threei} Short Setup: JPM .50 break
01[12:42] {Threei} If holds .60
[12:53] {jfjf64} Nov .23 break lod
[12:53] {jfjf64} Little mkt help
[13:03] {jfjf64} Common mkt die
[13:08] {jfjf64} We gonna tighten up stop jpm
01[13:12] {Threei} .56?
01[13:12] {Threei} let's
[13:12] {jfjf64} Thinkin
[13:13] {jfjf64} Wish this mkt get hit
[13:13] {nemo} unlikely today after yesterday and with FED tomorrow
01[14:09] {Threei} Long Setup: VXX .15 break
01[14:09] {Threei} If holds .05
[14:35] {drewj} Vad are most of your trades channel trades?
01[14:35] {Threei} I never used that name
01[14:35] {Threei} what is channel trade?
[14:36] {drewj} isn't that in 111 Trades book?
01[14:36] {Threei} nope
[14:37] {drewj} Breakout, range and channel no?
01[14:37] {Threei} you are confusing me with someone else :)
01[14:38] {Threei} what is a channel trade?
[14:38] {drewj} pullback thingy?
[14:38] {drewj} I don't know
01[14:38] {Threei} pullback is simply a way of entry
01[14:39] {Threei} my main definitions are trend following and trend reversal
01[14:39] {Threei} trend following includes break of the consolidation range, pullback entry
[14:39] {drewj} makes sense
01[14:39] {Threei} reversal setups are DT/DB, BMR
[14:43] {drewj} so in trend following what is your way of chosing break of consolidation vs pullback entry?
01[14:44] {Threei} observation what works
01[14:44] {Threei} in strong flying market breaks work
01[14:44] {Threei} in more timid one, pullbacks are preferable
[14:53] {drewj} Page 7 of 111 trades says 'Channel Trade' :)
01[14:53] {Threei} have you looked what it is?
[14:56] {drewj} A profit taking strategy
[14:57] {drewj} right?
01[14:57] {Threei} huh?
01[14:57] {Threei} drew, time to reread the whole thing...
[15:03] {drewj} maybe I am using your definitions in the wrong way
01[15:04] {Threei} channel trade as described there is a subset of a subset, pullback entry in a trending market
01[15:04] {Threei} and the way to draw the lines on the chart to determine the probable area of entry and target
[15:14] {nemo} should probably take the morning off
01[15:15] {Threei} huh?
01[15:15] {Threei} why?
[15:15] {nemo} FED
[15:15] {nemo} everything will lock up until 2:00
01[15:15] {Threei} so morning will be the most suitable time, then it will become dead till 2
[15:16] {nemo} hour maybe, but given this action already...
[15:24] {drewj} Have a good eveing guys
[15:24] {drewj} evening
[15:24] {nemo} guess the twtr leak is believed
01[15:24] {Threei} take care drew
[15:27] {nemo} twtr halted
[15:34] {nemo} now fb
01[15:35] {Threei} TWTR Confirms Reports Q1 $0.07 v $0.04e, R$436M v $456Me
01[15:35] {Threei} FB trades
01[15:41] {Threei} OK, ending on this
01[15:41] {Threei} see you tomorrow
[15:41] {nemo} cya
