Friday, May 1, 2015

May 01 2015

Not our day as odds caught up with us after couple weeks of straight wins. Very good week despite losing day anyway, so no problem with having one now and then.

[15:44] {nemo} so if you've already taken off a couple of tiers, and the stock has run pretty good, leave the last one to say the 34 ema, or something a bit can't lose
[15:44] {jfjf64} But when don't easy indicator to use for me
[15:44] {nemo} huh?
[15:45] {jfjf64} You think 34 ma
[15:46] {nemo} I use the 34 ema on 1 minute and the 102 ema which is the 3 minute 34 ema, it's just if you've already taken off two thirds, you're likely to run into a natural retrace of a stock using the 13 ema.  That's a pretty steep moving average
[15:47] {nemo} mine is just an example
[15:47] {jfjf64} I will give try
[15:47] {nemo} for instance, SSO topped out at the 102 to the penny
[15:47] {jfjf64} Ty
[15:47] {jfjf64} What was ya stop
[15:49] {nemo} I stopped out @.29, but my point is, you get a stock that runs, it will likely pull back and consolidate a bit, so if you've already taken 2/3s or 3/4s, look for a likely retrace area and let the last ride unless it drops that area...I kept a tight stop on the last trade because I figured all we'd see is some short covering
[15:52] {jfjf64} I follow I'm going to set up one of my charts on 1 min with 34 ma give shot
[15:52] {jfjf64} Tomorrow
[15:53] {nemo} definitely do your partialing
[15:53] {jfjf64} So if I understand you don't partial at all
[15:53] {nemo} then it becomes stress free leaving a last piece
[15:53] {nemo} No, you partial just like you have
[15:54] {nemo} leave a last piece to allow for natural retracements
[15:55] {jfjf64} Will do thanks nemo
[15:55] {nemo} if you do your first couple of partials like you have doing, it removes stress and makes it a free trade, you'll be able to read the charts more rationally
[15:55] {jfjf64} 100 percent
[15:55] {nemo} that's the problem, stress develops tunnel vision
[15:55] {jfjf64} I've tried lots of times not to
[15:55] {nemo} when you're trading with house money, you can see more clearly
[15:55] {jfjf64} To stressful
[15:56] {nemo} yep
[15:57] {jfjf64} I've even thought take first part off 1:1 let remainder run
[15:57] {jfjf64} Use stop at 1:1
[15:58] {nemo} well, you have to be able to read where something might go firs
[15:58] {nemo} trading at lunch time 1:1 may be it
[15:59] {jfjf64} Great chatting got to hop going to ranger game with son
[16:00] {nemo} if you look at the spy chart, when I bought SSO .01 I was a little late but price resistance was up @.50, so I figured short covering should get it there
[16:00] {jfjf64} Spy running
[16:01] {nemo} Imbalance orders getting it to vwap maybe
[16:01] {jfjf64} Yep
[16:01] {nemo} get into a free trade then give yourself a chance on a little piece
[16:02] {jfjf64} Will do
[16:02] {nemo} that is, according to your read of where price might go
[16:02] {jfjf64} Ty later
Session Time: Fri May 01 00:00:00 2015
01[09:20] {@Threei}  smallish gap
[09:21] {nemo} which tends to indicate, sans news, doji day or continued down
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -ENOC +19% (collaborating with TSLA on energy storage)
01[09:26] {@Threei}  -SYT +17% (reportedly got a takeover approach from MON - Syngenta said to have concerns regarding anti-trust barriers)
01[09:26] {@Threei}  -OCN +14% (earnings)
01[09:26] {@Threei}  -ELLI +7.7% (earnings)
01[09:26] {@Threei}  -EXPE +6% (earnings)
01[09:26] {@Threei}  -ALTR +6% (standstill agreement with INTC provides INTC the option to launch a hostile bid for the company after June 1)
01[09:26] {@Threei}  -SWKS +4% (earnings)
01[09:26] {@Threei}  -ATHN +3.5% (earnings)
01[09:26] {@Threei}  -GILD +2.8% (earnings)
01[09:26] {@Threei}  -CVS +2.2% (earnings)
01[09:26] {@Threei}  -NWL +2.2% (earnings)
01[09:26] {@Threei}  Downside:
01[09:26] {@Threei}  -LNKD -21% (earnings)
01[09:26] {@Threei}  -PODD -11% (earnings)
01[09:26] {@Threei}  -CTB -6% (earnings)
01[09:26] {@Threei}  -SPWR -4.2% (earnings)
01[09:26] {@Threei}  -FLSR -3% (earnings)
01[09:26] {@Threei}  -LOW -1.8% (China flooring concerns)
01[09:26] {@Threei}  -TLOG -10% (prices secondary)
01[09:26] {@Threei}  -LBIO -5.5% (prices secondary)
[09:27] {dino} gm all
01[09:27] {@Threei}  dino :)
[09:29] {jfjf64} Mornin
01[09:29] {@Threei}  jf :)
[09:29] {drewj} hi all
01[09:29] {@Threei}  drew :)
01[09:33] {@Threei} Short Setup: FB  .30 break
01[09:33] {@Threei}  change to .40
01[09:33] {@Threei}  If holds  .50
01[09:34] {@Threei}  no go
01[09:37] {@Threei} Long Setup:  VXX  .50 break
01[09:37] {@Threei}  If holds  .40
[09:40] {jfjf64} Twtr.75 long
[09:41] {jfjf64} Nope
[09:43] {jfjf64} Yum lifetime high
01[09:44] {@Threei}  no go VXX
01[09:45] {@Threei}  *(US) APR FINAL MARKIT MANUFACTURING PMI: 54.1 V 54.2E
01[09:45] {@Threei} Long Setup:  CAT  .85 break
01[09:45] {@Threei}  If holds  .75
01[09:46] {@Threei}  Invalidated
[09:47] {jfjf64} Crr big drop dino
01[09:51] {@Threei} Short Setup: TWTR  .60 break
01[09:51] {@Threei}  If holds  .70
01[09:52] {@Threei}  ugh
[09:52] {nemo} numbers at 10 sit back
[09:56] {dino} imh spike
[09:57] {dino} non avail
[09:58] {jfjf64} Watchin get bounce
[09:58] {jfjf64} Gt
[10:00] {jfjf64} .80
01[10:00] {@Threei}  *(US) APR ISM MANUFACTURING: 51.5 V 52.0E;
01[10:00] {@Threei}  *(US) MAR CONSTRUCTION SPENDING M/M: -0.6% V 0.5%E
[10:01] {jfjf64} How's that entry
[10:09] {jfjf64} You lk Dal here
[10:09] {jfjf64} ?
[10:09] {jfjf64} Long
01[10:10] {@Threei}  yes
01[10:10] {@Threei}  but I am not sure it means you should buy it :)
01[10:10] {@Threei}  the way my calls go today, lol
[10:13] {jfjf64} Didn't tk
[10:13] {jfjf64} Watchin luv for entry short
[10:24] {jfjf64} Short here luv.05 ish
01[10:29] {@Threei} Long Setup:  MCD  .70 break
01[10:29] {@Threei}  If holds  .60
[10:33] {nemo} flossing with barbed wire today
01[10:36] {@Threei}  tugged 1:1 twice
01[10:38] {@Threei} Long Setup:  VXX  .40 break
01[10:38] {@Threei}  If holds  .30
[10:49] {nemo} buy support sell resistance day
01[10:52] {@Threei}  or, shouldn't have gotten up today day
[10:52] {nemo} why?
[10:52] {nemo} you outta vodka?
[10:57] {nemo} it's amazing on these range days how tuned algo's are to the ten cent range on break levels
[11:11] {jfjf64} Watchin bounce leaf
[11:15] {jfjf64} Didn't get conformation look for but wking
[11:15] {nemo} c'mon vad need a 1:10 trade
01[11:15] {@Threei}  coming right up
[11:16] {nemo} would you like a dart?
01[11:17] {@Threei} Long Setup:  OWM  .50 break
01[11:17] {@Threei}  IWM
[11:18] {jfjf64} Oh boy too much vodka
[11:18] {jfjf64} Owm
01[11:18] {@Threei}  no such thing
[11:18] {nemo} no, it's his frickin' fins
[11:19] {jfjf64} Vg ? You never had shot while trading
[11:19] {nemo} does a Ukrainian speak Russian?
[11:19] {jfjf64} Lol
[11:20] {dino} ocr sm s .50
01[11:24] {@Threei}  1:1
01[11:25] {@Threei}  1:2
[11:25] {dino} vdsi sm l ave .23
[11:25] {jfjf64} .90 more to go
[11:25] {jfjf64} 80
01[11:25] {@Threei}  lol
[11:28] {jfjf64} Swks.36 long
[11:30] {jfjf64} Hod spy
01[11:35] {@Threei} Long Setup:  IWM  .40 break
01[11:35] {@Threei}  If holds  .30
01[11:40] {@Threei}  shrug
[11:41] {nemo} double topped at vwap
[11:41] {jfjf64} Dal .60 break short
[11:45] {jfjf64} Sd of shorted luv
[11:46] {jfjf64} Dropped faster
01[11:50] {@Threei}  frikin VXX... was thinking of 21 entry
[11:50] {jfjf64} Out dal
[11:51] {jfjf64} Gg
[11:51] {jfjf64} Gnrc drop
[11:53] {dino} slow day
[12:00] {jfjf64} .86 was entry gncr didn't tk it
[12:06] {nemo} [11:50] {@Threei}  frikin VXX... was thinking of 21 entry
[12:07] {nemo} "thinking"...???????
[12:07] {dino} cov ocr .72 -.22
[12:08] {jfjf64} Going to lunch
[12:09] {nemo} funny, always thought you were out there anyway
[12:09] {jfjf64} Most likely not back all enjoy weeken
[12:09] {jfjf64} You to nemo
[12:12] {dino} taking lunch hour
01[12:32] {@Threei} Long Setup:  FB  .65 break
01[12:41] {@Threei}  they all make 8 cents today
01[13:11] {@Threei}  market is totally glued to a place
01[13:12] {@Threei} Long Setup:  VXX  .05 break
01[13:12] {@Threei}  If holds  21
01[13:23] {@Threei}  valid again
[13:24] {dino} .
01[13:26] {@Threei}  not looking like going to trigger
[13:26] {nemo} too early
01[13:34] {@Threei}  starts looking better
[14:13] {dino} these gap up and sit days drive me nuts
01[14:14] {@Threei}  no kidfding
[14:15] {dino} should've gone golfing
[14:16] {dino} sohu spike
[14:21] {dino} sohu sm s .85
01[14:24] {@Threei}  FB should be ready soon
[14:24] {nemo} gap filled
01[14:25] {@Threei} Short Setup: FB  .90 break
01[14:25] {@Threei}  If holds  78
01[14:25] {@Threei}  79
[14:28] {dino} out vdsi .49, +.26
01[14:28] {@Threei}  wtg
01[14:29] {@Threei}  squeezing juice out of stone
[14:29] {nemo} shorts covering
[14:29] {nemo} spy broken downtrend on hourly
[14:30] {dino} feels that way
[14:30] {nemo} which way do we gap on Monday?
[14:30] {dino} die sohu, diiieee
[14:31] {dino} up
[14:31] {nemo} yep
[14:31] {dino} btfd still in motion
[14:31] {nemo} SPY on daily all higher highs
[14:31] {nemo} excuse me, higher lows
[14:31] {dino} and this weeks pullback was a higher low
[14:32] {dino} bull market as long as world is on zirp
[14:33] {nemo} which has to be forever, once zirp removed this whole thing comes tumbling down
[14:33] {dino} yeah, seems that way to me too
[14:33] {dino} dji to 20k this year
[14:34] {nemo} problem with fractional reserve banking is it has to expand...contraction and it fails...nothing expands forever
[14:34] {dino} except my gut
[14:34] {nemo} lay off the carbs, dude
[14:35] {dino} i know, just having hard time doing it consistantly. i was down 22 lbs jan-mar, then jamaica vaca, and now only down 12
[14:36] {nemo} lap band, stomach stapling?
[14:36] {dino} need to drop 28 more, want to get back to wedding weight, 20 years ago, 200 lbs
01[14:39] {@Threei}  ever tried that HIIT thing, dino?
[14:39] {drewj} same here 205, need to be 185 pre wedding
01[14:39] {@Threei}  tabata protocol
[14:41] {dino} i am going to start it
[14:41] {nemo} I don't vary much no matter what I do or don't do
01[14:41] {@Threei}  lucky bastard
[14:43] {dino} the older i get, the harder it seems to be to lose the weight
01[14:44] {@Threei}  of course
01[14:44] {@Threei}  metabolism slows down
01[14:44] {@Threei} Long Setup:  VXX  .90 break
01[14:45] {@Threei}  If holds  .85
01[14:56] {@Threei}  1:1
[15:18] {dino} eog spike
[15:21] {dino} calling it a day, gn all
01[15:36] {@Threei}  closed second half VXX
01[15:36] {@Threei}  ok, done here too
01[15:36] {@Threei}  have a good weekend guys, see you monday
[15:36] {drewj} have a good weekend guys