[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 deeper...you 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
01[10:00] {@Threei} *(US) APR FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 95.9 V 96.0E
[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 dino...at 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