Showing posts with label chart reading. Show all posts
Showing posts with label chart reading. Show all posts

Thursday, September 19, 2013

Sept 19 2013

Slowish day but we are back on profitable track. Didn't press anything, took only trades that were very compelling and it paid off. 

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Session Time: Thu Sep 19 00:00:00 2013
[08:45] {nemo} Men are by nature merely indifferent to one another; but women are by nature enemies. ~ Schopenhauer
[09:02] {dino} gm
01[09:03] {&Threei}  morning dino
[09:04] {nemo} so, do we have a consolidation day, or profit taking day?
01[09:07] {&Threei}  that is the question
[09:09] {cipher} gm
01[09:09] {&Threei}  cipher :)
[09:15] {RonS} hello everyone
01[09:16] {&Threei}  ron :)
[09:20] {Will49} gm
01[09:20] {&Threei}  will :)
[09:20] {jdetente} Morning all
01[09:20] {&Threei}  jd :)
[09:24] {+cc_9} Morning all
01[09:24] {&Threei}  cc9 :)
[09:26] {ese} gm
01[09:26] {&Threei}  ese :)
01[09:26] {&Threei}  feeling better?
[09:26] {ese} feeling a little better today
[09:27] {ese} ya ......brutal the last couple of days.....standing up in front of a classroom dizzy....almost falling over at one point
[09:28] {Will49} yikes!
[09:28] {Will49} wait till after class to start drinking
01[09:28] {&Threei}  what fun in that
[09:28] {Will49} hope you feel better ese
[09:28] {fish_49} gm all
01[09:28] {&Threei}  fish :)
[09:28] {ese} definitely
[09:29] {ese} tks
01[09:29] {&Threei} Long Setup:  C  .75 break
01[09:29] {&Threei}  If holds  .65
[09:29] {dino} get well ese
[09:30] {ese} tks dino
[09:30] {jdetente} yeah feel better ese
[09:31] {+cc_9} Slight profit taking on gold related trade today ?
[09:31] {nemo} metals futures were ripping all night
[09:31] {+cc_9} GDX pulling back :)
01[09:32] {&Threei}  1:1
[09:33] {+cc_9} sweet fade on GDX :D
[09:37] {+cc_9} thats all i had for today, a nice gold miners fade
01[09:37] {&Threei} Short Setup: GLD  .60 break
01[09:37] {&Threei}  ugh, late
[09:37] {+cc_9} GDX beautiful drop :D
01[09:38] {&Threei}  grrr... 1:1
[09:38] {dino} insurers getting whacked again
[09:39] {+cc_9} GDX still falling woooooot
01[09:40] {&Threei} Long Setup:  GDX  .85 break
01[09:40] {&Threei}  If holds  .80
[09:40] {nemo} gdx bounce time
01[09:41] {&Threei}  1:1
[09:41] {jdetente} ugh missed
[09:41] {Will49} me too
[09:41] {jdetente} was at .90
[09:41] {nemo} fas coming into bounce territory
[09:43] {+cc_9} GDX still falling hehehe
[09:43] {+cc_9} I think GDX first visits the early 27s before anything
[09:43] {+cc_9} when GDX & DUST cross in price ($27) I think a black hole will form
[09:44] {jdetente} no life can exist within
01[09:44] {&Threei}  any chance we could lure Ben in that place by that moment?
[09:45] {jdetente} he is the undead so that is a tricky proposition
[09:45] {fish_49} imho GDX can be scalped long if it pulls back to .64
[09:45] {nemo} this gdx low is the monthly pivot
[09:46] {+cc_9} profit taking on fantasy rally yesterday
01[09:47] {&Threei} Long Setup:  C  .35 break
01[09:47] {&Threei}  If holds  .30
[09:47] {nemo} coming into daily pivot on FAS
[09:48] {nemo} 75.02
01[09:49] {&Threei}  meh
[09:51] {nemo} if you think more retrace in store for GDX, this is the spot to short
[09:51] {fish_49} good observation on GDX NemoToad
[09:51] {+cc_9} been short GDX since the open using DUST, staying in.
01[09:54] {&Threei} Long Setup:  GLD  .55 break
01[09:55] {&Threei}  change to .50 break
01[09:55] {&Threei}  If holds  .40
01[09:55] {&Threei}  with trail to .44 after .55 break
[09:57] {dino} yy spike
01[09:57] {&Threei}  trail
01[09:57] {&Threei}  1:1
01[09:58] {&Threei}  1:2
[09:58] {fish_49} out in full thanks Vad
01[09:58] {&Threei}  :)
[09:58] {jdetente} nice one
[09:58] {robbers} Out, thanks.
01[09:58] {&Threei}  1:3
[09:58] {jdetente} now out
01[09:58] {&Threei}  out
01[09:58] {&Threei}  1:4
[09:59] {Will49} sweet Vad
[09:59] {fish_49} great call Vad  where is what's his name  I forgot
01[09:59] {&Threei}  *(US) AUG EXISTING HOME SALES: 5.48M V 5.25ME
[10:00] {+cc_9} Gold tanking, again
01[10:00] {&Threei}  *(US) AUG CONFERENCE BOARD LEADING INDEX: 0.7% V 0.6%E
[10:00] {jdetente} nice drop
[10:00] {robbers} GLD now a lesson in trade management, glad we're out with a nice run up.
01[10:00] {&Threei}  no wonder, with decent numbers
01[10:00] {&Threei}  yeah
[10:01] {dino} yy sm s .36
[10:01] {fish_49} Those are good numbers  I want to see new home sales  up up and up
01[10:01] {&Threei}  with this yesterday FOMC move (or absence of such rather), now any good indication for the economy is a death verdict for gold
[10:01] {+cc_9} SPY bounced @ exactly its closing price yesterday
01[10:02] {&Threei}  Metrics: - Median existing home price: $212.1K v $213.5K prior (revised from $213.5K) - Total Months Supply: 4.9 v 5.1 prior (revised from 5.1 months) - Distressed sales: % v 15% prior - All cash sales: % v 31% m/m
01[10:02] {&Threei}  Distressed sales: 12% v 15% prior (lowest since data series began in Oct 2008)
[10:04] {fish_49} all very good news
[10:04] {fish_49} I am putting my house on the market in the spring
[10:04] {+cc_9} MET looks interesting at this level
[10:04] {dino} yy stop -.33
[10:05] {+cc_9} MET 2 day sell-off
[10:05] {+cc_9} GDX drop baby drop :D
[10:05] {nemo} not a single red stock on the algo
[10:06] {nemo} are you going expat fish, please...
[10:06] {+cc_9} MET good here with stop @ LOD
[10:09] {+cc_9} MET .40 on deck
[10:11] {fish_49} I am but  will try to maintain a house in seattle area
01[10:12] {&Threei} Short Setup: GDX  .80 break
01[10:12] {&Threei}  If holds  .90
[10:13] {dino} yy sm s .60
[10:15] {+cc_9} SPY back to LOD levels
[10:15] {dino} cov yy .01, +.51
[10:16] {Will49} nice Dino
[10:16] {dino} txtr spike
01[10:16] {&Threei}  wtg
[10:16] {dino} ty
[10:17] {fish_49} Your lucky today Dino...  Alex not here you don't need to share
01[10:17] {&Threei}  lol
[10:17] {dino} lol
[10:17] {+cc_9} SPY new lows, hanging off a cliff now
[10:19] {nemo} algo view: http://bit.ly/1bt8fw3
[10:26] {+cc_9} MET held its LOD when SPY printed a new one. Need a second leg over .40 on MET
[10:27] {+cc_9} meanwhile, TSLA all time highs
[10:29] {nemo} subdued group today
[10:30] {Will49} that's the guy who lost all the weight
[10:30] {Will49} sub dude
[10:30] {nemo} oh jeez,
[10:30] {Will49} ok pretty weak
[10:31] {nemo} understatement
[10:31] {nemo} today
[10:32] {nemo} like unh short below .90?
[10:33] {nemo} how about gmcr here
[10:34] {ese} L mas .67
[10:34] {ese} L swy .61
[10:35] {dino} 07 red
[10:35] {ese} thats not a good sign
[10:35] {dino} nope
[10:36] {ese} whats you 07 again dino? can't remember
[10:36] {+cc_9} SPY dropping again, MET holding up
[10:36] {RonS} krft round trip on the pop yest
01[10:38] {&Threei} Short Setup: GDX  .80 break
[10:38] {dino} scanner
01[10:38] {&Threei}  If holds  .90
[10:39] {ese} usu
[10:39] {dino} pulp
[10:39] {ese} rocket
[10:40] {+cc_9} SPY triple bounce so far off the 173 area
[10:40] {+cc_9} lower highs though
[10:40] {dino} market doesn't know which way to go
01[10:41] {&Threei}  neither do Fed or WH
[10:41] {nemo} the highs from yesterday are the weekly R3, not to  mention yesterday was such a rip.  we closed above daily R4.  I haven't seen that happen in years
[10:42] {dino} typically we reverse after fed day
[10:42] {nemo} yeah, but they told the market the heroin pipelin is staying open, they might party for a while longer
[10:43] {dino} not w/govt shutdown coming
01[10:43] {&Threei}  change to .90 break
[10:43] {ese} lol....heroin pipline
01[10:43] {&Threei}  If holds  .95
[10:43] {ese} good way to describe it
[10:43] {+cc_9} MET come on, break .40!
[10:43] {nemo} mainlining mexican brown or china white, take your pick
[10:44] {+cc_9} there ya goooooooo
01[10:44] {&Threei}  problem is, each time they do it it becomes more and more clear that the end nears
01[10:44] {&Threei}  and at some point market won't react to the usual dose anymore
[10:44] {nemo} violates the Reversion Principle-can't go on forever
[10:45] {dino} greater fool theory
01[10:45] {&Threei}  imagine the consequence of actual taper, AFTER market stops reacting p;ositively to simple "no taper" message
[10:45] {nemo} unfortunately we're the victims
[10:45] {nemo} I wonder if sacrificing Les would help
[10:46] {dino} find a volcano
[10:46] {nemo} nah, that's no fun-over too quick
[10:49] {+cc_9} MET .45
[10:51] {+cc_9} MET .50s boom
[10:51] {+cc_9} trade out. Solid and steady.
[10:51] {+cc_9} +$0.33
[10:53] {dino} gj
[10:55] {nemo} qcom breakout coming
[10:56] {+cc_9} MET blowing up now, high .60s
[10:56] {+cc_9} 10:07 cc_9 MET good here with stop @ LOD
[11:01] {nemo} gdx levels today: http://bit.ly/1dslFXk
[11:01] {dino} qcor blood
[11:02] {nemo} this low is the 50 day dino
[11:04] {dino} thx
[11:04] {dino} sm l .00 qcor
[11:04] {nemo} 61.24 is daily s4
[11:04] {dino} all over the place
[11:05] {fish_49} Time to update my Trading Plan
01[11:05] {&Threei}  to what?
[11:05] {fish_49} Plan was only 2 lines in past  Line 1= Follow Vads Calls
[11:06] {fish_49} Line 2 = Make money
[11:06] {fish_49} lol
[11:06] {fish_49} end of plan
[11:06] {nemo} where does open mouth, pull trigger fit in?
01[11:06] {&Threei}  I fail to see what needs updating
[11:06] {fish_49} I need 3 more lines
[11:06] {fish_49} Line 3 = Insult Nemo on daily basis
01[11:07] {&Threei}  approved
[11:07] {fish_49} ty
[11:07] {nemo} correction: TRY to insult Nemo
[11:07] {RonS} the guy is a piece of work fish
[11:07] {fish_49} work in progress Ron
[11:08] {nemo} it's tough dealing with mortals
01[11:08] {&Threei}  line 4?
[11:08] {nemo} No...I haven't started drinking today
[11:08] {fish_49} Line 4 Insult Nemo some more
01[11:08] {&Threei}  approved
[11:08] {fish_49} Line 5 If line 3 and 4 don't work start over
[11:09] {nemo} why don't you just write a loop instead of adding all that code
[11:09] {fish_49} I just did
[11:09] {fish_49} it's a DOS bat file
[11:09] {jdetente} somehow you left drinking out of your apporach
[11:09] {nemo} no, that's not a loop, that's sequential execution
[11:09] {fish_49} your old  I'm sure you remember DOS batch files
[11:09] {nemo} you have a test condition for execution, and a test execution for exit
[11:09] {jdetente} line 5 pour double scotch
[11:09] {dino} qcor to .55
[11:10] {dino} to .65
[11:11] {ese} out mas .40 -.27
[11:11] {ese} not a good way to start
[11:11] {RonS} took qcor .12 out .80 +.68  thanks dino, nemo, the academy...
[11:11] {nemo} "No mas" huh ese...
[11:11] {dino} to .75
[11:11] {ese} indeed
[11:11] {dino} gj ron
01[11:11] {&Threei}  wtg ron
[11:12] {RonS} thanks
[11:12] {nemo} might get a pullback under 63, but probably worth holding a piece
[11:12] {dino} to .79
[11:13] {nemo} support is at .60
[11:13] {dino} tear down that wall
[11:13] {dino} to .89
[11:14] {nemo} 63.50 likely
[11:14] {nemo} btw...fas at bottom of channel
[11:14] {dino} out .90, qcor, +.90
[11:15] {RonS} gj
[11:15] {dino} ty
[11:15] {fish_49} nice Dino
[11:15] {dino} ty
[11:15] {nemo} this low in IWM is the weekly R2
[11:16] {ese} nice one dino
[11:16] {nemo} see if  it holds support here
[11:16] {dino} ty
[11:17] {dino} vips and kors spikes
[11:17] {nemo} UNH interesting again
[11:17] {RonS} cab wreck
[11:17] {nemo} ha
[11:17] {nemo} ha
[11:17] {nemo} ha
[11:17] {nemo} err.....ha
[11:18] {RonS} do it for will...an uh me...
[11:19] {nemo} UNH not participating in this bounce
01[11:20] {&Threei} Long Setup:  CAT  .75 break
01[11:20] {&Threei}  If holds  .65
[11:31] {dino} egle spike
[11:31] {nemo} wow\
[11:35] {+cc_9} GDX 4th low test
[11:35] {nemo} c'mon gdx, be a good girl
[11:42] {+cc_9} GDX, there she goes
[11:48] {Will49} Ron...tks for looking out for me...need all the help I can get
[11:48] {Will49} with nemo skulking about
[11:48] {nemo} gdx coming into support
[11:49] {nemo} I don't skulk
[11:49] {RonS} skunk
[11:49] {nemo} please
[11:52] {+cc_9} SPY vol spike
[11:53] {nemo} big boy spike
[11:53] {RonS} people finally waking up to the fact that O care is a debacle...health cos under pressure again...
[11:54] {nemo} reorganizing an industry is a big CF
[11:54] {Will49} CF?
[11:54] {nemo} Cluster activity
[11:55] {Will49} ah, tks
[11:55] {nemo} ese's math class
[11:55] {Will49} lol
[11:55] {RonS} he would have unerstood BIG cf...
[11:56] {nemo} Ron...I think you need a check-up
[11:56] {nemo} you've kinda' been a little late on the swing today
[11:56] {Will49} see what we have to put up with
[11:57] {nemo} pot calling kettle black
[11:57] {Will49} pot? where?
[11:57] {nemo} o.k. we'll give you that one
[11:58] {nemo} I suppose we should put a T-ball stand on homeplate for ya
[11:58] {Will49} hey...now that big brother has two states legalizing, we're hoping for the same in BC
[11:58] {nemo} I knocked too many points off my IQ over the years to smoke that stuff anymore
[11:59] {Will49} btw Vad...how's DP doing?
01[11:59] {&Threei}  I think he is in San Diego
[11:59] {nemo} look for gdx bounce in the .50-.54 area
[11:59] {nemo} daily pivot at .44
[12:00] {+cc_9} GDX gravity still winning
[12:03] {+cc_9} 09:44 cc_9 I think GDX first visits the early 27s before anything
[12:03] {+cc_9} lets see...
[12:03] {nemo} 50 day is around 27.12
[12:04] {nemo} I've got 4 levels of support between .42 and .53
[12:04] {fish_49} I'm calling the big bounce at 27.03
[12:04] {nemo} I just had a really bad visual
[12:05] {fish_49} sideways between .36 and .50  lol
[12:07] {RonS} lol:  Rum ain't drinking, it's surviving - Romer Treece (Robert Shaw)
[12:08] {+cc_9} just look at a 15min GDX chart, that run up yesterday is just nuts....
[12:09] {nemo} look at any of the index charts
[12:09] {fish_49} even the 3 min looks cool from the start of the run @.75
[12:09] {nemo} however within .10 here you have the 23.6 retrace the 2 day vwap and a weekly and daily pivot level
[12:11] {nemo} so Vad, I think I'm on the no-fly list
[12:12] {nemo} esrx folks looks short here
[12:15] {dino} fltx sm l .19
01[12:17] {&Threei}  that;s OK nemo
01[12:18] {&Threei}  imagine if fish was on no swim list
01[12:18] {&Threei}  niw that would be a disaster
[12:18] {dino} sivb?
[12:18] {fish_49} Remember I told you yesterday I'm a fish that can't swim
[12:18] {nemo} Yeah, metal detector goes off when I go through.  I tell them it's just my liver, but they don't believe me
[12:19] {fish_49} I can swim but it's not the proper way
[12:19] {nemo} gdx bottom forming
[12:20] {fish_49} Nemo  I get halted every trip.  Have a metal bar and about 6 screws in lower leg
[12:20] {fish_49} I have a note from Doc and copy of Xray but they still search me
[12:24] {nemo} maybe because it's from a psychiatrist they're suspicious
01[12:24] {&Threei} Short Setup: GLD  132 break
01[12:24] {&Threei}  If holds  .10
[12:25] {+cc_9} GDX more fresh lows
[12:25] {nemo} big gdx volume
[12:26] {nemo} I think this is it
[12:27] {nemo} battle at .50
[12:28] {nemo} wow look at the gdx volume
[12:30] {nemo} vwap run
[12:30] {dino} sivb sm l .98 ave
[12:34] {fish_49} Just laughing my ass off.  Ben says  we wont cut tapering until jobs numbers improve
[12:34] {fish_49} market rallies  huge
[12:34] {nemo} the beatings will continue until morale improves
[12:34] {fish_49} this am we get good numbers and the market gets scared
[12:35] {nemo} last support before we hit the CC morass is .44
[12:39] {fish_49} dude  what is more ass?
[12:40] {nemo} o.k. we're bored
[12:40] {nemo} think it's fishy's nap time
[12:40] {fish_49} ok what is morass?
[12:40] {fish_49} serious question
[12:40] {fish_49} Remember Im a rookie
[12:40] {nemo} do I look like a dictionary?
[12:41] {fish_49} nemo last support before we hit the CC morass is .44
[12:41] {nemo} he's calling for the low 27's
[12:41] {nemo} I called it a morass
[12:41] {nemo} for some reason, I was thinking of the Marianna Trench
[12:42] {nemo} how I branched to morass
[12:42] {nemo} I guess I was thinking of you
[12:42] {fish_49} 1. an area of muddy or boggy ground.
[12:42] {fish_49} ok
[12:42] {fish_49} I didn't know that word
[12:42] {dino} sivb to .41
[12:43] {nemo} not very sesquapaedalian
[12:43] {nemo} IH&S forming on IWM spy and FAS
[12:43] {fish_49} Kinda like a Chagimaudi
[12:43] {jdetente} throw the fish into the quagmire
[12:44] {fish_49} I hibernate there
[12:44] {fish_49} I used  to like you JD
[12:44] {dino} out sivb .73, +.75
[12:45] {fish_49} share the money Dino
[12:45] {fish_49} nice job
[12:45] {+cc_9} GDX 6 consecutive red candle closes on the 15
[12:45] {jdetente} good one dino
[12:45] {dino} ty
[12:45] {nemo} dino comes up with these tickers, I don't even look...frickin' rorschach trades
[12:45] {dino} just doing my job nemo
[12:46] {nemo} btw...great movie  "The Watchmen"
[12:46] {jdetente} heck yeah
[12:46] {jdetente} love that movie
[12:46] {nemo} totally unexpected
[12:46] {+cc_9} GDX another session low
[12:47] {nemo} kinda' like fish's jokes
[12:47] {fish_49} stop being a Chagimaudi  Nemo
[12:48] {nemo} any reason tsla is up 8% today
[12:48] {fish_49} I know your trying to look it up
[12:48] {fish_49} yes nemo  tsla  up today because there are more buyers then sellers  OMG  I thought you would know that
[12:48] {nemo} manga la Gaza
[12:48] {nemo} thank you Howard Cosell
[12:49] {fish_49} man he was great
[12:49] {nemo} Down goes Frazier!
[12:49] {+cc_9} GDX will eye 27.20 as possible first bounce area
[12:49] {nemo} think Kors is running out of gas
[12:53] {dino} kors at hod
[12:56] {nemo} just had that LD look
[12:56] {dino} so far you are right
[12:57] {nemo} here's support
[12:59] {+cc_9} GDX baby bounce now
[12:59] {nemo} indexes too
[13:00] {+cc_9} SPY no bounce yet..
[13:01] {nemo} think it's setting up
[13:01] {nemo} put in an FAS stink bid at .04
[13:05] {nemo} big spy and fas volume few minutes ago
01[13:08] {&Threei} Short Setup: C  .20 break
01[13:08] {&Threei}  If holds  .30
[13:09] {+cc_9} SPY tank new lows, no bounce yet
[13:09] {nemo} next levels between .40-.50
[13:09] {+cc_9} GLD hitting highs, GDX pulling back to lows
[13:11] {fish_49} Don't they normally trade together CC?
[13:12] {+cc_9} Not really...
[13:12] {fish_49} ty
01[13:12] {&Threei}  sometimes, not always
[13:12] {+cc_9} One tracks actual gold, other tracks miners
[13:12] {fish_49} correct
[13:12] {+cc_9} miners are companies, with debts and balance sheets. Gold is just gold.
[13:12] {fish_49} in theory if Gold price is up the miners  should be doing well
[13:12] {+cc_9} oil prices going up hurts gold miners
[13:12] {fish_49} ahhh  operating expenses
[13:12] {+cc_9} to produce gold, they use energy
[13:12] {+cc_9} correct.
[13:22] {+cc_9} GDX back to session lows.
[13:23] {fish_49} what was your entry price?
[13:24] {+cc_9} I shorted GDX using DUST
[13:24] {+cc_9} entry was 24.04
[13:24] {+cc_9} Entry }}} http://img42.imageshack.us/img42/9103/53e7.jpg
[13:24] {+cc_9} 24.06 sorry
[13:26] {+cc_9} Here now I think is a good start for slight bounce on GDX
[13:27] {nemo} huh?
[13:27] {+cc_9} huh on which part
[13:27] {nemo} got it
[13:27] {+cc_9} cool
[13:28] {nemo} you gonna' go long nugt
[13:28] {+cc_9} ya
[13:32] {nemo} sbux
[13:38] {nemo} here's 50 day on gdx
[13:38] {+cc_9} Alright, GDX i think this is it for now until EOD
[13:39] {nemo} it's also 50% retrace of yesterday
[13:39] {+cc_9} 27.15/20 is the 50% fib from yesterday before fed and @ its peak
[13:39] {+cc_9} yup...
[13:40] {+cc_9} alright, itty bitty bounce for now
[13:41] {+cc_9} 15min candle needs to close } 27.40
[13:41] {fish_49} what is your target cc?
[13:42] {+cc_9} 27.60 with stop loss 26.95
[13:43] {+cc_9} trend is down on 15min, but looking for a dead cat bounce worth more than the first, which was about $0.20 only
[13:46] {fish_49} I'm calling .02 as the next bounce
[13:46] {fish_49} lol
[13:46] {fish_49} write it down nemo
[13:46] {nemo} .02 on what, gdx?
[13:46] {fish_49} yea
[13:48] {nemo} yo Rinny
[13:49] {nemo} dead fish bounce
[13:51] {+cc_9} should be good.
[13:52] {nemo} 50 day corraled it so far
[13:55] {Will49} glad i have a fresh pair of depends on
[13:55] {Will49} to wait out the C trade
[13:55] {fish_49} lol
[13:55] {fish_49} lol
[13:55] {nemo} I just keep my hunting bottle next to the desk
[13:55] {fish_49} I didn't get in
[13:55] {nemo} reminds me, gotta' get the bow out
[13:56] {Will49} hey nemo....good idea!
[13:56] {nemo} Will, coming from you...
[13:56] {Will49} nice eh?
[13:56] {nemo} Ya' know what sucks
[13:56] {nemo} I'm kinda' like Herpes
[13:56] {nemo} I never really go away
[13:57] {Will49} hope not
[13:57] {Will49} these long trades would be REALLY boring
[13:57] {nemo} glad I got my feet up on the desk
[13:57] {Will49} I can't do that right now
[13:57] {+cc_9} 27.02 lol
[13:57] {Will49} depends leak at the back
[13:58] {nemo} gotta get the ones with the elastic legs
[13:58] {Will49} that's my reward when I learn to trade consistently
[13:59] {fish_49} I missed it by a cent
[13:59] {nemo} the proverbial pubic hair, huh fish face?
[13:59] {fish_49} did it not turn for a scalp when I said it would?
[13:59] {+cc_9} lets see if the .95 ends up holding :)
01[14:00] {&Threei}  anyone's still in C?
[14:00] {fish_49} gotta get past .97 first
[14:00] {dino} fltx drop
[14:00] {jdetente} covered half
[14:00] {fish_49} I did not take the trade Vad  Rule #6 in my plan don't trade C  it  hates me
01[14:01] {&Threei}  too bad
[14:01] {nemo} thinking fas 60 break if it holds here, but spy might make it to the .50 area
[14:03] {fish_49} going back up to test .15
[14:05] {+cc_9} GDX 26.95 so far holding
[14:06] {fish_49} did not like .15 lets see if holds .20
[14:08] {+cc_9} GDX/NUGT so far so good
[14:11] {+cc_9} .95 stop loss worked like a charm :D
[14:13] {fish_49} your short or long?
[14:13] {+cc_9} huh ?
[14:14] {fish_49} Not sure why but I was thinking you were short GDX
[14:14] {+cc_9} 13:42 fish_49 what is your target cc? 13:43 cc_9 27.60 with stop loss 26.95
[14:14] {+cc_9} if stop loss is below tgt price, its a long trade.
[14:15] {fish_49} yes
[14:15] {fish_49} I thought it was a typo
[14:15] {+cc_9} 13:27 cc_9 Here now I think is a good start for slight bounce on GDX
[14:15] {+cc_9} short GDX was @ the open using DUST (posted above to check as well)
[14:16] {fish_49} ahhh you covered your short
[14:16] {fish_49} I did not see that
[14:21] {nemo} no buying pressure at all
[14:21] {dino} fraud accusations fltx
[14:24] {fish_49} CC I was cheering for your trade  just in the wrong direction  sorry about that  lol
[14:24] {RonS} wow tsla
[14:30] {RonS} dino unxl?
[14:31] {dino} gap fill
[14:33] {dino} unxl l .75
[14:35] {nemo} big boy spy volume
[14:38] {nemo} What's with the boatman, he pops in and out lately
01[14:41] {&Threei}  who?
[14:41] {nemo} Chaeron
01[14:41] {&Threei}  he has some problem with browser... we see him, he doesn't see us
[14:47] {RonS} qcor'd
[14:58] {+cc_9} GDX needs a move before last 30mins
[14:58] {+cc_9} a rack of 27.3
[14:58] {dino} qcor sm l .14 stop lod
[14:59] {+cc_9} QCOR too spooky
[14:59] {+cc_9} GDX getting some bids now
[14:59] {+cc_9} high .20s
[15:00] {+cc_9} there we go, breaking .30s
01[15:00] {&Threei}  Kerry statement on Syria is coming
[15:00] {+cc_9} "we must bomb, we must strike, think of the chuuuldren"
[15:02] {+cc_9} GDX giddy up :)
[15:05] {+cc_9} .45 GDX :)
01[15:05] {&Threei}  (US) Sen Reed: Fed's Yellen has a reputation for independence, would be hard for either party to oppose Yellen
01[15:06] {&Threei}  yeah... leftier than the leftiest left
[15:06] {dino} she yells too much
[15:06] {nemo} Dino..you going for the Les award?
[15:07] {RonS} but at least then the vice chair will be skreeman...
[15:07] {+cc_9} I gave GDX a 27.60 tgt, but getting out here :D
[15:08] {fish_49} .55 is next pause
[15:08] {RonS} dino tried, i captured...would like to thank the academy
[15:08] {nemo} vwap
[15:08] {dino} lol
[15:09] {+cc_9} 26.95 stop loss held and 27.60 tgt was within few cents off, i think that was not so bad after all
[15:09] {fish_49} good job
[15:11] {dino} out qcor .77, +.63
[15:11] {fish_49} wow
[15:11] {+cc_9} nice work on QCOR dino
[15:11] {dino} out unxl .92, +.17
[15:11] {dino} ty
01[15:16] {&Threei} Long Setup:  C  .10 break
01[15:16] {&Threei}  If holds  .04
[15:16] {+cc_9} GDX there goes the 27.60
[15:16] {+cc_9} and NUGT is a $4.00 move from lows
[15:17] {nemo} vwap coming
[15:21] {dino} phh
01[15:22] {&Threei}  Putin: "I'd like to buy a vowel." Sajak: "Only an O left." Putin: "Never mind. I already own that one."
[15:22] {Will49} lol
[15:22] {jdetente} good one
[15:22] {Will49} China and Russia = joint ownership
01[15:23] {&Threei}  Alex is missing his fair share today
[15:23] {fish_49} lol
01[15:24] {&Threei}  man, chaeron...
[15:25] {Chaeron} hey everyone! Vad! Dino! Nemo! {{{ founders
01[15:25] {&Threei}  woohooo
01[15:25] {&Threei}  finally
[15:26] {dino} hey chaeron
[15:26] {Chaeron} thanks... had to use Incognito on Chrome
[15:26] {Chaeron} dino great to see you
[15:26] {Chaeron} think of you guys all the time and hope you're buried in positive trades
[15:26] {dino} you too
01[15:27] {&Threei}  there should be some privacy setting then that kept you from normal connection
[15:27] {Chaeron} yeah Vad... well, you know me and my privacy........ or do you? .... hmmmm
[15:27] {nemo} any "normal" setting won't get you in here
01[15:27] {&Threei}  I know it diccipates after the third bottle
[15:28] {Chaeron} yeah... when I thought about it, nothing "normal" about this place
[15:28] {Chaeron} :)
[15:28] {Chaeron} oh heck... really? emoticons? akkk
[15:28] {nemo} ever see the movie the 9th configuration?
01[15:28] {&Threei}  our normal is absence of normal... whatever normal is
[15:29] {Chaeron} nemo - no but I'm going to now thanks to your recommendation
[15:29] {nemo} It'll remind you of this place
[15:29] {Chaeron} Miss you guys. Real life sucks
[15:29] {fish_49} Is that Les in Disguise?
[15:30] {nemo} fish, be seen, not heard
[15:30] {fish_49} u see me  right?
[15:30] {Chaeron} icu fish... nice to be seen
[15:30] {nemo} have some respect for old alumni
[15:30] {nemo} http://imdb.to/16J5IdH
[15:30] {Chaeron} old? heck...
[15:30] {fish_49} lol  Oh  Old as Nemo?
[15:30] {Will49} where can i get the video version of mirc?
[15:30] {Chaeron} older
01[15:31] {&Threei}  old as Raven
[15:31] {fish_49} How do you do Sir?  lol
[15:31] {Chaeron} from Ken Wolff days
[15:31] {Chaeron} at least as far as you guys know me
[15:31] {fish_49} Well Nice to meet you Chaeron  now we have two Rons
[15:32] {Chaeron} it's a pleasure to meet you fish...
[15:32] {nemo} he starts smelling after a coupla' days
[15:32] {Chaeron} Raven... great great guy
[15:32] {Chaeron} heheh nemo
[15:32] {Chaeron} Nesi too
[15:32] {fish_49} Im the rookie here but  still love  to insult Nemo
[15:32] {Chaeron} larisa still around?
[15:32] {nemo} no
[15:32] {fish_49} OHHHHHHHH
01[15:33] {&Threei}  see dcc chaeron
[15:33] {fish_49} I was just thinking of that name
[15:33] {Chaeron} careful fish... nemo could make you wealthy
[15:33] {Will49} we love nemo
[15:33] {fish_49} he has but  I had to share it with another guy in the room  now Im poor
[15:33] {nemo} Komrade!
[15:34] {nemo} That reminds me, I have a drinking appointment with a Russian tonight
[15:34] {fish_49} Larissa?
[15:34] {nemo} no
01[15:34] {&Threei}  no chance we see you before Monday then
[15:34] {fish_49} goood
[15:34] {fish_49} lol
[15:34] {fish_49} and your complaining Vad?
[15:34] {nemo} Well, I won't log in either way tomorrow
01[15:35] {&Threei}  just stating the facts
[15:35] {nemo} probably a sunglasses at the monitor day
[15:35] {nemo} I'll set all charts to black bacgrounds
[15:38] {nemo} day felt like a tighter range than it was
[15:43] {+cc_9} take care folks, see ya;ll tomorrow!
[15:43] {Will49} peace
01[15:43] {&Threei}  you too
01[15:44] {&Threei}  OK guys, no more trades today
01[15:44] {&Threei}  slowish day but back on profitable side
01[15:45] {&Threei}  have a great evening, see you tomorrow
[15:45] {fish_49} yhanks
[15:45] {fish_49} Good Night All
[15:46] {Chaeron} bye fish!
[15:47] {Chaeron} I'll be back  {{{ warning in full disclosure
[15:47] {nemo} I'd welcome the plague as long as Les doesn't return
[15:48] {nemo} was that harsh?
[15:49] {dino} phh on fire
[15:50] {dino} s .25
[15:52] {dino} stop .50
[15:57] {dino} gn all
[15:58] {nemo} P&Q

Friday, September 13, 2013

Sept 13 2013

Finishing week with another profitable even though lighter day. And a lot of jokes that helped deal with lower activity.

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Session Time: Fri Sep 13 00:00:00 2013
[09:04] {nemo} damn alcohol allergy
01[09:04] {&Threei}  lol
[09:04] {nemo} stress of watching football last night
[09:12] {cipher} gm
01[09:12] {&Threei}  cipher :)
[09:12] {RonS} gm
01[09:13] {&Threei}  ron :)
[09:14] {goinshort} gm all
[09:14] {diego} hello guys!!! Now I'm official member this trading room
01[09:14] {&Threei}  gs :)
01[09:14] {&Threei}  welcome diego
[09:15] {diego} thanks Threei
[09:15] {goinshort} way to go !!!
[09:16] {nemo} well kinda'....now there's the gauntlet...not everybody survives
01[09:17] {&Threei}  nemo, shut up and short gold
[09:17] {nemo} I'm not saying anything, I'm writing it
[09:18] {Will49} gm
01[09:18] {&Threei}  will :)
[09:18] {Will49} another day in paradise
[09:19] {nemo} as long as I take my meds
[09:19] {Will49} :)
01[09:19] {&Threei}  will meant our island, nemo, not your delightful company {G}
[09:19] {Will49} lol
[09:19] {nemo} queue grumpy cat
[09:20] {Will49} being with nemo is a form of paradise too
[09:20] {nemo} yeah, when you leave
01[09:20] {&Threei}  along the line of that doctor who while inspecting a patient was murmuring "good, good,"
[09:20] {Will49} now, that's the nemo we love so much
01[09:21] {&Threei}  and when asked what was good, said "that I don't have what you have"?
[09:21] {Will49} hahaha
[09:24] {ese} gm
01[09:24] {&Threei}  ese :)
[09:26] {bbobr} morning
[09:26] {Alexs} gm
01[09:26] {&Threei}  bbobr, alex :)
[09:28] {+cc_9} gm 
01[09:28] {&Threei}  cc9 :)
[09:30] {+cc_9} GDX trying it here
[09:30] {+cc_9} Long that is
[09:30] {+cc_9} 24.9 stop, target 26+
[09:31] {Alexs} you're optimist cc
01[09:31] {&Threei} Short Setup: GLD  .15 break hl
01[09:31] {&Threei}  If holds  .25 
[09:32] {+cc_9} thanks Alexs
[09:32] {Alexs} can't borrow gld
[09:33] {+cc_9} GLD shortable on our side.
01[09:33] {&Threei}  somewhat strange opening, so keeping it half lot for now
01[09:34] {&Threei}  no energy
[09:34] {+cc_9} SSYS trying to reverse
[09:34] {nemo} just the way bennie likes it, no volatility
01[09:34] {&Threei}  1:1
01[09:34] {&Threei}  1:2
[09:35] {robbers} Out, thanks a lot.
01[09:35] {&Threei}  yw sir
[09:35] {Will49} nice start Vad
[09:35] {drewj} out ty vad
01[09:35] {&Threei}  :)
[09:35] {cipher} very nice
01[09:35] {&Threei}  1:3, out
01[09:36] {&Threei}  [09:17] {&Threei} nemo, shut up and short gold
01[09:36] {&Threei}  lol
01[09:37] {&Threei} Long Setup:  C  .30 break
[09:37] {Will49} full?
01[09:37] {&Threei}  If holds  .24 
01[09:37] {&Threei}  yes
[09:38] {+cc_9} giddy up GDX, give me a new hod
01[09:41] {&Threei}  a lot of hesitance
01[09:42] {&Threei}  meh
01[09:42] {&Threei}  (SY) US Sec State Kerry: US and Russia agree that no nation should use chemical weapons, agree that Syrian citizens died in Aug 21st gas attack
01[09:42] {&Threei}  wow... what an achievemtn in agreeing
01[09:43] {&Threei}  rinse
01[09:43] {&Threei}  somg
[09:44] {nemo} ssys being a tease
[09:45] {+cc_9} nemo yes, needs to clear those 94s
01[09:45] {&Threei} Long Setup:  JPM  .45 break
01[09:45] {&Threei}  If holds  .35 
[09:46] {+cc_9} and there she goes nemo SSYS
[09:47] {drewj} missed it
01[09:47] {&Threei}  C, that was nasty of you
[09:47] {drewj} should i get into jpm now?
01[09:48] {&Threei}  if it pulls back to trigger before reaching 1:1, yes
[09:48] {+cc_9} SSYS 94.50s
[09:49] {drewj} got it at .47
01[09:49] {&Threei}  SPY is really unclear
01[09:49] {&Threei}  let's trail stop to .39
[09:49] {nemo} maybe it was drinking while watching football last night
01[09:50] {&Threei}  but I don't watch football
[09:50] {ese} Where is Dino when you need him .......ntes?
06[09:50] * &Threei kicks JPM in the rear
01[09:51] {&Threei}  finally
01[09:51] {&Threei}  1:1
01[09:51] {&Threei}  violence works
[09:51] {nemo} my watchword'
01[09:51] {&Threei}  dino is enjoying golf, OK... but where is fish
01[09:51] {&Threei}  jd
01[09:51] {&Threei}  bryl
[09:52] {ese} You're sick the both of ya
01[09:52] {&Threei}  man, people just throw money away
[09:52] {+cc_9} GDX :D
[09:54] {ese} oh oh Michigan
01[09:54] {&Threei}  *(US) SEPT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 76.8 V 82.0E
[09:54] {nemo} Yeah, frickin liberal heaven
[09:55] {ese} That's not good
01[09:55] {&Threei}  well ese... you'll have to make a choice: sick and profitable or healthy and poor {G}
[09:55] {ese} Yeah your right I'll take the sick profitable thanks
01[09:55] {&Threei}  there you go
01[09:55] {&Threei}  welcome to the dark side
[09:56] {+cc_9} GDX blowing up baby
[09:56] {ese} I can be bought this is not a problem
[09:56] {nemo} dark side, light side, use both, unity of the one
01[09:56] {&Threei}  as long as the price is right
01[09:56] {&Threei}  anyone can
[09:56] {nemo} spoken like a true progressive, out both sides of his mouth
01[09:56] {&Threei}  remember that joke about the queen, right?
01[09:57] {&Threei}  market is confused:
[09:57] {Will49} that's a joke?
01[09:57] {&Threei}  is bad news really bad considering that they make taper less likely?
[09:57] {nemo} ese should trade well today then
[09:57] {ese} Can't remember that one
[09:58] {ese} Ha ha ha ha
01[09:58] {&Threei}  during some event in royal palace, conversation touched on women selling themselves
[09:58] {nemo} all women do, it's just a matter of price
[09:58] {ese} Woo hoo this is getting good
[09:58] {jdetente} Good morning.
01[09:59] {&Threei}  and one noble gentleman expressed opinion that any woman can be bought as long as the price is right.
[09:59] {nemo} yeah, I'm very venal this morning
01[09:59] {&Threei}  jd :)
[09:59] {jdetente} good timing to login
01[09:59] {&Threei}  Queen was enraged,
[09:59] {ese} jd
01[09:59] {&Threei}  *(US) JULY BUSINESS INVENTORIES: 0.4% V 0.2%E
01[09:59] {&Threei}  told him no way
01[10:00] {&Threei}  and as a matter of proof suggested him to try and name a price for her.
01[10:00] {&Threei}  He said, well, what do you say about 100 pounds?
[10:00] {+cc_9} out of GDX 25.57 from 25.23
[10:00] {+cc_9} yes, I said tgt $26, but its Friday
01[10:00] {&Threei}  Queen almost lost her breath,
[10:00] {ese} lol
[10:00] {nemo} no
01[10:00] {&Threei}  then screamed: 100 pounds?/ For me} The Queen??
[10:00] {nemo} how about 1 million
[10:00] {nemo} well, the queen said
01[10:00] {&Threei}  Guy smiled and said:
[10:01] {nemo} see, we're just quibbling on price
01[10:01] {&Threei}  see my queen, you are already negotiating
[10:01] {nemo} yeah, I have two requirements in a woman
[10:01] {nemo} 1. no gag reflex
[10:01] {nemo} 2. trust fund
01[10:02] {&Threei}  missed couple good ones, jd
[10:02] {RonS} j giles:  first i look at the purse
01[10:02] {&Threei}  trades, not jokes
[10:02] {+cc_9} GDX on fire, still ripping
[10:02] {nemo} I used to see them all the time.  THey're from around here
01[10:02] {&Threei}  that was a good one cc9
[10:02] {nemo} Actually, funny.  J. Geils=his last name means "horny" in German
01[10:03] {&Threei}  JPM, out balance on a trail
[10:03] {nemo} 25.80 level gonna' get iffy on gdx
01[10:03] {&Threei}  btw nemo
01[10:03] {&Threei}  you remember your yesterday's joke about Les?
[10:04] {nemo} so many jokes about Les so much alcohol last night
01[10:04] {&Threei}  well, I have something from him for you
[10:04] {nemo} lucky me
06[10:04] * &Threei slaps nemo around a bit with a nail studded freshly skinned rabbit pelt, per Les request and on his behalf
[10:04] {nemo} I'm gonna kill that mother......
[10:05] {nemo} transgressions against bunny are over the line
01[10:06] {&Threei} Short Setup: CAT  .85 break hl
01[10:06] {&Threei}  ugh
01[10:06] {&Threei}  late
[10:06] {Will49} milk=mother I'd love to kill
01[10:07] {&Threei}  patel... one more late sleeper missing good trades
[10:09] {nemo} here are strong and weak stocks currently:  http://bit.ly/1dZdQfB
[10:09] {drewj} fb bottom coming?
01[10:10] {&Threei}  watching it
[10:10] {nemo} nah
[10:10] {nemo} watch for 44 bounce
01[10:10] {&Threei}  (CH) Switzlerland National Bank's (SNB) Jordan: Too big to fail issue for financial institutions has yet to be solved
01[10:10] {&Threei}  no sh*t Sherlock
01[10:11] {&Threei}  no news FB
[10:11] {nemo} those tails look like fb a bit farther to go
01[10:11] {&Threei}  one more leg FB... ideally from under 44.10
[10:11] {+cc_9} FB news is that Twitter is going public
[10:12] {RonS} yep
01[10:12] {&Threei}  well, that was known overnight
[10:12] {nemo} that story been out for awhile
01[10:14] {&Threei}  got away
[10:15] {RonS} man, still pouring outside...unreal
[10:16] {Will49} anybody building an ark yet?
[10:17] {RonS} boulder got 7 inches from 7pm wed night thru 9am thurs
[10:17] {nemo} that's what Colorado gets for those gun laws
[10:18] {Will49} that's waht happens when you legalize MJ
[10:18] {RonS} ave annual rainfall (including snow) is 14 in around here
[10:18] {nemo} MJ was legal until 1917
[10:18] {Will49} yeah, i remember:)
[10:18] {RonS} lol
[10:19] {RonS} lady state senator that was recalled: "but we still like people"
01[10:22] {&Threei} Long Setup:  FB  .20 break
01[10:22] {&Threei}  If holds  .10 
01[10:26] {&Threei}  let's trail stop to .14
[10:26] {nemo} two way, this could go to 43 today
01[10:26] {&Threei}  no confidence in recovery
[10:26] {Alexs} it crossed 1:1 didn't it
01[10:26] {&Threei}  out
01[10:27] {&Threei}  I didn't see it higher than .28
01[10:27] {&Threei}  did it?
[10:27] {drewj} god call nemo
[10:27] {drewj} good
[10:28] {Alexs} 10:25 44.31
[10:28] {Will49} fruedian slip drew
[10:28] {nemo} P looks short if it drops .70
[10:28] {drewj} :)
01[10:28] {&Threei}  got distracted fior a min then
01[10:28] {&Threei}  then it's normal play
01[10:28] {&Threei}  half n half
[10:28] {drewj} let me give the man his props...
[10:29] {drewj} we can ridicule him later:)
01[10:29] {&Threei}  that's the spirit
[10:30] {Will49} ridicule nemo...well I never....!
[10:30] {nemo} smart man
[10:30] {drewj} no you ALWAYS
[10:30] {nemo} no matter what ur wife says
[10:30] {drewj} and so begins the downward spiral...
[10:31] {nemo} shit...we've been circling the drain for years
[10:31] {nemo} livin' life on the edge
[10:31] {Will49} that's Vad's rule drew, after first hour we insult each other
[10:32] {drewj} I guess we can start in 2 minutes then
[10:33] {drewj} double bottom in iwm?
01[10:34] {&Threei}  well, yes but thwe entry was .20
[10:34] {nemo} .37 is vwap on IWM which is also resistance area
[10:34] {drewj} so entry on DB's is below the bounce?
01[10:35] {&Threei}  ?
[10:35] {drewj} nevermind...my questions confuse me.
[10:35] {nemo} he must be an english teacher
[10:35] {drewj} I hear you use good grammar...
[10:36] {nemo} arguable
[10:36] {drewj} will?  nothing?
[10:36] {Will49} you're doing fine
[10:36] {RonS} hilarious
[10:36] {Will49} or doing well?
01[10:36] {&Threei}  lol
[10:36] {drewj} awesome will
[10:37] {RonS} gme squeezon...17% float short
[10:37] {Will49} my nose is still bleeding after getting in ring with nemo
[10:37] {RonS} sqeezin
[10:37] {Will49} so,glad to have you here drew
[10:37] {RonS} both have nose rings?
[10:38] {nemo} think I'll get some yogurt..
[10:38] {Will49} lol
[10:38] {drewj} thanks will...there's safety in numbers.
[10:38] {Will49} real traders don't eat yogurt
01[10:38] {&Threei}  only raw bear meat?
[10:38] {drewj} what a wus, huh?
[10:38] {Will49} yikes
[10:39] {drewj} yogurt is for girls
[10:39] {Will49} don't go any further drew
[10:39] {Will49} dangerous
[10:40] {drewj} ok...serious face now
[10:40] {Will49} atta boy
01[10:40] {&Threei}  yeah, gotta listen to that buzz from the wasp nest, drew
01[10:40] {&Threei}  when it reaches certain level, take cover
[10:40] {Will49} when nemo gets back from the ice box, he'll be all over you
[10:41] {drewj} ok.  I'll go look at a chart or something.
[10:41] {Will49} I don't even want to watch
01[10:41] {&Threei}  and those rusty nails on his 2x4 are generously covered with poison from dart frogs
[10:42] {drewj} hey.  you guys have the insult after the first hour rule.  I learned it by watching  you.
01[10:43] {&Threei} Long Setup:  CAT  .90 break hl
01[10:43] {&Threei}  If holds  .80 
01[10:44] {&Threei}  ok kitty... give us 1:3
01[10:44] {&Threei}  this is nice JBE
01[10:46] {&Threei}  sheesh... SPY
01[10:46] {&Threei}  meh
01[10:47] {&Threei}  not really conducive market today, jellyfish
01[10:47] {&Threei}  keep risk low
[10:47] {Will49} let's tell jokes then
[10:47] {drewj} way to be positive will
01[10:47] {&Threei}  if this is a rinse, switching to DKTK setups
[10:48] {drewj} you're still in?
01[10:48] {&Threei}  no
[10:48] {nemo} all this positivity wants to make me puke
01[10:48] {&Threei}  lol
[10:48] {Will49} heeeees back!
[10:48] {drewj} well then this freakin sucks
01[10:48] {&Threei}  life of a trader:
01[10:48] {&Threei}  djust to new conditions,
[10:48] {bbobr} DKTK ?
01[10:48] {&Threei}  have a winning streak,
[10:49] {Will49} i was afraid to ask bbor
01[10:49] {&Threei}  run into another change, have a 1-3 days of readjustment period,
01[10:49] {&Threei}  go intio another winning streak.
01[10:49] {&Threei}  Thus, risk management becomes paramount:
01[10:49] {&Threei}  when in adjustment period, make sure risk is controlled stroctly
[10:49] {nemo} KY is standard equipment, along with hemmrhoid pillows
01[10:50] {&Threei}  so there is no lasting damage,
01[10:50] {&Threei}  then during winning streak increase activity
01[10:50] {&Threei}  and squeeze all market has.
[10:50] {nemo} ctxs
01[10:50] {&Threei}  Most of all, stay sensitive to changes,
01[10:50] {&Threei}  but here we are getting into Taoist Trader territory
01[10:51] {&Threei}  and I am not retyping that massive work :)
[10:51] {nemo} he can lie still like a corpse
01[10:51] {&Threei}  DKTK:
[10:51] {nemo} or rise like a dragon
01[10:51] {&Threei}  when a few standard setups are rinsed,
[10:51] {nemo} actually let me find the quote
01[10:51] {&Threei}  you start letting a trigger gom waiting for a rinse, then enter AFTER the stops are hit,
01[10:52] {&Threei}  and abbreviation stand for Don't Kid The Kidder
01[10:52] {&Threei}  to illustrate:
[10:52] {Will49} guess the jokes are out drew
01[10:52] {&Threei}  in CAT's case, you'd skip .90 break, wait for drop under .80 where stops are taken out and enter long on .80 recross
01[10:53] {&Threei}  you may remember, we had a few weeks like this in July
[10:53] {Will49} and that's no joke!
01[10:53] {&Threei}  when we switched to this kind of setups
01[10:53] {&Threei}  worked like charm
[10:54] {drewj} so more aggressive entries?
[10:54] {Alexs} lol
01[10:54] {&Threei}  actually, it's a mix of aggressive and conservative, since you enter after the break and pullback, but at the price more characteristic for aggressive
01[10:54] {&Threei}  call it a hybrid
[10:55] {Will49} kind of thing Obama would do
01[10:56] {&Threei}  did I say progressive?
[10:56] {Will49} it's a joke
01[10:56] {&Threei}  he is not aggressive conservative, he is aggressive progressive {G}
01[10:56] {&Threei}  man... and this is my second language
01[10:56] {&Threei}  imagine what I can do in my native
[10:56] {Will49} you da man
01[10:57] {&Threei}  last time I checked, yeah
[10:57] {Will49} lol
[10:57] {Will49} and when was that?
[10:57] {drewj} nothing on that one nemo?
[10:57] {Will49} you are a chit disturber drew
01[10:57] {&Threei}  lol
[10:58] {Will49} unlike the rest of us here
[10:58] {drewj} oh great.  now i have label.  chit disturber.
[10:58] {Will49} better tha Les
[10:58] {Will49} than
[10:58] {nemo} ahhhh, here it is:
[10:58] {drewj} what can i say.  i'm just bored.
[10:59] {Will49} doesn't take YOU long, eh?
[10:59] {nemo} he can sit still like a corpse or spring into action like a dragon, be silent as the deep or talk with the voice of thunder, the movements of his spirit calling forth the natural mechanism of Heaven
[10:59] {drewj} nice
[10:59] {Will49} ooooh
[11:00] {nemo} from Chuang Tzu's essay "The Doctrine of Inaction"
[11:00] {Will49} Obama?
01[11:00] {&Threei}  rofl
[11:00] {drewj} sorry...db on fb
[11:00] {drewj} ?
[11:01] {drewj} just hit 44
01[11:01] {&Threei}  no
01[11:01] {&Threei}  I'd rather look for short on all out breakdown
01[11:01] {&Threei}  inverted C&H
01[11:01] {&Threei} Short Setup: FB  44 break
[11:01] {drewj} ok
[11:01] {nemo} please don't blaspheme the writings with such luddite references
01[11:01] {&Threei}  If holds  .10 
[11:02] {nemo} or long above .10
01[11:02] {&Threei}  Invalidated  
[11:02] {drewj} no bickering please...
[11:03] {nemo} it's a two-way you frickin' noob
01[11:03] {&Threei}  well, many setups can be faded on invalidation
[11:03] {drewj} don't be mean.
[11:03] {nemo} absolutely
01[11:03] {&Threei}  but in this case, I am not delighted by long idea
01[11:03] {&Threei}  nemo who is not mean?
01[11:03] {&Threei}  come on
01[11:03] {&Threei}  mind boggles at the attempt to envision that
[11:04] {nemo} when I start talking about your mother, then I'm getting mean
01[11:04] {&Threei}  it's like firetrack with no water...
01[11:04] {&Threei}  cheerleader with no pompons...
[11:04] {nemo} or Vad without a dictionary
[11:05] {drewj} if you would have faded that whould the target have been ..35?
[11:05] {Will49} nemo without a target
01[11:05] {&Threei}  I can do without dictionary
[11:05] {drewj} but if you need help with grammar I know a guy
[11:05] {nemo} resistance Will, then vwap
[11:05] {Will49} meant someone to insult
01[11:05] {&Threei}  rather would exit just under .30
01[11:06] {&Threei} Short Setup: FB  .10 break
[11:06] {drewj} into conjestion...?
01[11:06] {&Threei}  let's try aggressive
01[11:06] {&Threei}  If holds  .20 
01[11:07] {&Threei}  if my vision is right, it's still the same inverted C&H
01[11:07] {&Threei}  just a big deeper handle
01[11:07] {&Threei}  and aggressive entry is one of the best in such cases, just as handle reverses
[11:07] {nemo} wow, spy not even 26 million shares yet
01[11:07] {&Threei}  yeah, jellyfishy day
01[11:08] {&Threei}  1:1
01[11:08] {&Threei}  give us real break FB
01[11:08] {&Threei}  good boy
01[11:08] {&Threei}  now dies
01[11:08] {&Threei}  -s
01[11:09] {&Threei}  die more... die faster...
01[11:10] {&Threei}  come on, don't be a scalp
[11:11] {Will49} all together now....don't be a scalp
[11:11] {drewj} i'll light some candles
01[11:11] {&Threei}  dirty rotten scoundrel
[11:11] {drewj} out?
01[11:11] {&Threei}  of course
01[11:11] {&Threei}  SOP drew
01[11:12] {&Threei}  half out at 1:1, trail stop to b.e
[11:12] {drewj} ok
01[11:12] {&Threei}  this is not a some kind of voluntary invention
01[11:12] {&Threei}  it's based on market logic
01[11:13] {&Threei}  former resitance becomes new support
[11:13] {drewj} ok?
01[11:13] {&Threei}  former support becomes new resistance
01[11:13] {&Threei}  .10 weas a support, break of which gave us a trigger
01[11:13] {&Threei}  after 1:1 is reached, this forner support became new resistance,
[11:14] {drewj} to make sure that the trader doesn't act like a jellyfish
01[11:14] {&Threei}  if price goes above resistance, why would you want to remain shortZ?
[11:14] {drewj} training wheels
01[11:14] {&Threei}  that's what all this levels and trails are based on
[11:14] {drewj} makes sense
01[11:16] {&Threei}  look what would have happened if we haven't trailed stop
01[11:16] {&Threei}  profitable tarde would sudenly turn into losing one
[11:16] {nemo} sheesh mos
01[11:17] {&Threei}  (GR) Oct loan tranche said to be possibly delayed; Greece expects financing gap in 2016 at approx €10-15B - financial press- Greece Govt said to not be seeking a haircut option for debt
01[11:17] {&Threei}  hmm
01[11:18] {&Threei}  no news that I see MOS
01[11:22] {&Threei}  Russia investor Kerimov said to to sell stake in Uralkali for $3.7B - Russia press- Reminder: On 9/10 reports were that Kerimov was interested in selling the stake in order to reduce tensions with Belarus; with interested parties speculated to be Norilsk Nickel and other Russian investors. **Reminder: On Sept 9th, there were press reports that shareholder Kerimov might sell his 22% stake. On Sept 10th, Uralkali's CFO said there was no official information regarding a possible change to shareholder structure of Uralkali.
[11:22] {+cc_9} MOS / POT / AGU / CF all ferts
01[11:23] {&Threei}  so, Kerimov needs pocket money, MOS and other fertilizers jump a few bucks
01[11:26] {&Threei}  so, to finish a thought interrupted by a trade
01[11:27] {&Threei}  11:05] {&Threei} I can do without dictionary - I am equally effective beating people up with child books or classic literature tomes
01[11:27] {&Threei}  remember that beautiful bar fight with Goete volume...
01[11:28] {&Threei}  btw, note that regular entry on FB would have failed
01[11:29] {&Threei}  note also that long at .10 priot to that would have failed too
01[11:29] {&Threei}  rinse both ways
01[11:30] {&Threei}  the one we chose, aggressive entry, is about the only one making money
01[11:38] {&Threei} Short Setup: MOS  .90 break hl
01[11:38] {&Threei}  If holds  46 
[11:38] {nemo} two way?
01[11:38] {&Threei}  valid
01[11:38] {&Threei}  no
[11:39] {Will49} no to what?
01[11:39] {&Threei}  to nemo
[11:39] {Will49} :)
01[11:39] {&Threei}  who wants two way
01[11:40] {&Threei}  meh
[11:40] {Will49} heard nemo wants three way
[11:41] {nemo} nah, now I'll settle for leaning back with a glass of wine
[11:41] {Will49} getting old
[11:41] {nemo} conserving energy...let somebody else do the work ;-)
[11:41] {Will49} how about you, the GF and bunny?
[11:41] {nemo} FB
[11:41] {Will49} just tryin' to help:)
[11:42] {nemo} you seen bunny's teeth?!!!
[11:42] {Will49} no, GF's either
[11:42] {nemo} she yawns, I think Alien, wow
[11:42] {Will49} :)
[11:42] {nemo} make the FWB take the dentures out
[11:43] {Will49} yikes
[11:43] {Will49} too much information, as my kids used to say
[11:44] {nemo} expe dripping away
[11:48] {nemo} expe  again, that's probably it for the bounce
01[12:03] {&Threei} Long Setup:  FCX  .25 break
01[12:04] {&Threei}  If holds  .20 
[12:07] {Alexs} what target do you see in FCX Vad?
01[12:08] {&Threei}  it's doesn't have any indication on the upside limit
[12:08] {Alexs} sounds scary
01[12:08] {&Threei}  other than time of the day, nothing would keep me from aiming for 1:3
01[12:09] {&Threei}  ;ppl at daily
01[12:09] {&Threei}  look
01[12:09] {&Threei}  you are scared easily Alex :)
[12:10] {Alexs} true
01[12:10] {&Threei}  leave emotions at the door
01[12:10] {&Threei}  enter, exit, go to the next
01[12:10] {&Threei}  not all trades and not all days work
01[12:11] {&Threei}  we had 4 great days this week
01[12:11] {&Threei}  today is empty and boring
01[12:11] {&Threei}  and random
01[12:11] {&Threei}  keep risk down and look for the best setups
[12:11] {Will49} story of my life
[12:13] {Will49} it's a joke :)
[12:20] {nemo} your life is a joke?
[12:37] {RonS} rip Dr Ray Dolby...used to see Dr Ray when i worked in the City...always a class act...
[12:38] {Will49} nemo..a joke that my life is empty, boring and random
[12:39] {nemo} .45 acp
[12:39] {Will49} fortunately (so far) life has been full, exciting and very goal oriented
[12:40] {Will49} so, learning to trade the Graifer Way at my age is just another in a long line of challenges
[12:40] {nemo} then think of it as a favor to us
[12:41] {Will49} did you just say a nice thing?
[12:41] {Will49} or am I dreaming?
[12:41] {nemo} depends on your point of view
[12:41] {Will49} I'll take it as a compliment then
[12:41] {Will49} thanks
01[12:42] {&Threei}  happens evento nemo sometimes, will
[12:42] {Will49} lol
[12:42] {nemo} funny...no way would I interpret my statments as nice.  Will is attending the Les school of logic
01[12:43] {&Threei}  you know... walking down the street, tripping of something, falling, hitting his head of a conrner of a building, blacking out... coming out of itm saying something nice
01[12:43] {&Threei}  a few seconds later shaking it off
01[12:44] {&Threei}  and becoming his usual nasty self that we come to know and love
01[12:52] {&Threei} Long Setup:  MOS  .40 break hl
01[12:52] {&Threei}  If holds  .30 
[12:56] {Will49} shhhesh...now I have to leave the pleasant thoughts of Nemo and get back to trading
01[12:57] {&Threei}  i'ts not compulsory
[12:57] {nemo} hah! neither is survival...
[12:57] {Will49} LOL
01[12:57] {&Threei}  lol
01[13:10] {&Threei}  1:1
[13:10] {nemo} you might want to try and hold a piece of mos
[13:11] {nemo} this is the kind of action that an afternoon run could really go
[13:11] {nemo} gdx vad
01[13:12] {&Threei}  miised short at .30
[13:12] {+cc_9} VPHM whoa
01[13:12] {&Threei}  don't want to chase at this time
[13:12] {nemo} setting up for bounce me thinks
01[13:13] {&Threei}  I'd prefer to use bounce to short into rather than play it long
[13:15] {+cc_9} VPHM, anyone feeling a quick short trade ? :)
[13:15] {+cc_9} its just M&A chatter
[13:15] {nemo} dino, but he's on the links
01[13:16] {&Threei}  ViroPharma Incorporated Shire and Sanofi said to be interested in acquiring the company; VPHM said to have hired advisors to evaluate sale efforts - financial press
[13:17] {+cc_9} M&A plays are good fade plays
[13:17] {nemo} indexes coming in
[13:17] {+cc_9} no surprise if VPHM ends up going down to 36
[13:18] {+cc_9} There she goes, coming down already :)
[13:34] {+cc_9} VPHM, should get a nice flush on 37 bid break
[13:35] {nemo} iwm walking up longer term trend line, spy looks weak
[13:41] {nemo} wow 42.6 million spy shares 
01[13:49] {&Threei} Short Setup: GDX  .20 break
01[13:49] {&Threei}  If holds  .30 
[13:49] {nemo} Chicks=Making men do stupid things since the dawn of time.:  http://bit.ly/1e9Smvx
[13:50] {nemo} spy roof at .32
01[13:51] {&Threei}  darwin in action
[13:57] {nemo} looking for index breakdowns...everything weakening although not strongly
[13:57] {Will49} and then it will get stronger but weaker
[13:58] {nemo} tmi will
[13:59] {Will49} is that like kma?
[13:59] {nemo} doubtful
[14:01] {Will49} I know...that was weak! Just trying to keep Les' seat warm (pun)
[14:01] {nemo} yeah, didn't know if you informing us of your BO and incontinence issues
[14:02] {Will49} :)
[14:02] {Will49} have BO under control
01[14:02] {&Threei}  stop to .26
01[14:03] {&Threei}  (CN) IMF issues comments on G20 imbalances: Spain's imbalances are correcting, China growth is unsustainably reliant on credit- India faces tough choices to fix fiscal imbalances - US fiscal outlook has improved but remains a major concern - Japan's fiscal position is vulnerable to yield increases - market based Yuan rates will help China's economy
01[14:05] {&Threei}  1:1
01[14:10] {&Threei}  however boring today is, it's still profitable
01[14:10] {&Threei}  albeit lighter than 4 days before
[14:11] {Will49} so this is what Friday trading is all about, eh?
01[14:12] {&Threei}  often... not always
01[14:12] {&Threei}  nothing is always
01[14:12] {&Threei}  as we saw in example of nemo being nice
[14:12] {Will49} so much is often
01[14:13] {&Threei}  Let me sum it up in this aphorism I coined a few seconds ago
01[14:13] {&Threei}  Most is Often. Some is Seldome. Nothing is Always.
[14:13] {nemo} If peace, order, and the pursuit of happiness are invisible things,
[14:13] {nemo} obviously they can not be really obtained by visible means.
01[14:14] {&Threei}  and Nothing is Never
[14:14] {Will49} my head hurts
01[14:14] {&Threei}  heck... I might make a history with this
01[14:15] {&Threei}  btw, mistype in seldom is intentional - to make it waternarked so to speak
01[14:15] {&Threei}  come on nemo, admit... it's not Lao Tze but it's not half bad eh?
[14:16] {Will49} waternarked=caught by the cops by boat
01[14:16] {&Threei}  lol
[14:16] {Will49} ok Vad....not bad
01[14:16] {&Threei}  ty
01[14:17] {&Threei}  btw alex
01[14:17] {&Threei}  getting back to those emotions we spoke of earlier
01[14:17] {&Threei}  remember beatiful phrase I stubled onto a few days ago
01[14:18] {&Threei}  remembered
[14:18] {nemo} oh sheesh, are we getting back into Will's bestiality
01[14:18] {&Threei}  Don't let emotional tail wag the rational dog
[14:18] {nemo} so.....stay away from women
[14:18] {Will49} tail/ dog?....bestiallity
01[14:19] {&Threei}  why nemo... just deal with them rationally
[14:19] {nemo} now that's a formula for suffering
[14:19] {Will49} yeah vad...what the hell?
[14:42] {Will49} testing 1,2,3 testing...anyone out there in Vadspace?
[14:42] {Will49} didn't think so"(
[14:43] {Will49} :(
01[14:44] {&Threei}  lol
[14:44] {Will49} ahah!
01[14:44] {&Threei}  wait about 15-20 min more, then we will start looking for last hour trades
[14:45] {Will49} you're so kind
01[14:45] {&Threei}  I am?
[14:46] {Will49} of course!
01[14:46] {&Threei}  gotta work on that...
[14:46] {Will49} don't take it literally though...it's really a figure of speach
[14:47] {Will49} Brits use it to mean "thank you"
01[14:48] {&Threei}  I know... but I prefer to pretend I take everything at face value
01[14:48] {&Threei}  this way I look naive and gullible
01[14:49] {&Threei}  and I really am
[14:49] {Will49} your so kind
01[14:49] {&Threei}  my what?
01[14:50] {&Threei}  lol
[14:50] {Will49} thought you were talking about Obama there for a minute
[14:51] {Will49} the pretend" part
[14:52] {Will49} hmmm...thought that would get a rise out of at least one of our Yank members:)
[14:52] {nemo} ese here?
[14:52] {Will49} in school
[14:53] {Will49} Friday the teachers all leave at noon and get drunk
[14:55] {Will49} nemo...how do you feel about we Canucks insulting the POTUS?
[14:55] {nemo} couldn't care less
[14:55] {Will49} where's your patriotism?
[14:56] {RonS} just don't do it around ese...would hurt his feelings...
[14:56] {Will49} true dat
[14:56] {nemo} yeah ese gets out the kneepads for O
[14:56] {Will49} lol
[15:08] {+cc_9} good afternoon
[15:18] {nemo} oxy
[15:19] {RonS} contin
[15:19] {Will49} ha
[15:19] {nemo} Ron's bored
[15:20] {nemo} close to bounce me thinks
01[15:20] {&Threei}  lol
[15:20] {Will49} who Ron?
[15:20] {nemo} oxy
01[15:20] {&Threei} Long Setup:  C  .50 break
01[15:20] {&Threei}  If holds  .45 
[15:20] {nemo} iwm just grinds, no pullback to speak of
[15:27] {jdetente} slow grind...reminds one of the champagne room
01[15:28] {&Threei}  if GLD moves above .50 will look for short on recross
01[15:28] {&Threei}  double top
01[15:28] {&Threei}  grrr
01[15:28] {&Threei}  got away
01[15:29] {&Threei}  C is two sided
01[15:30] {&Threei}  short .45 break
01[15:30] {&Threei}  with stop above .50
01[15:35] {&Threei} Short Setup: GLD  .50 break
[15:35] {+cc_9} AAPL volume bar @ LOD nuts
[15:35] {+cc_9} 250k
01[15:35] {&Threei}  If holds  .60 
01[15:36] {&Threei}  Invalidated  
01[15:36] {&Threei}  should have faded it, lol
[15:36] {jdetente} still doing C short?
01[15:37] {&Threei}  yes
[15:40] {nemo} sheesh, gdx today
[15:41] {nemo} 55.4 million spy shares, I think 48ish was the low volume in august
[15:42] {+cc_9} nemo, here is a link to check : http://finance.yahoo.com/q/hp?s=SPY+Historical+Prices
[15:42] {nemo} vphm ain't giving it up today
[15:43] {nemo} 54
[15:43] {+cc_9} yup
[15:43] {nemo} love this august action
[15:44] {+cc_9} VPHM lowest it hit was $37, will revisit Monday
[15:46] {robbers} Signing off, thanks for a good week, Vad.  Take Care.
01[15:46] {&Threei}  take vcare robbers, see you Monday
[15:46] {Will49} cheers rob
01[15:52] {&Threei}  time's running out
01[15:52] {&Threei}  die quickly C
01[15:55] {&Threei}  doesn't want to do anything, quickly or not, lol
01[15:55] {&Threei}  ok guys
01[15:55] {&Threei}  thank you all, have a great weekend
01[15:56] {&Threei}  see you Monday!
[15:56] {Will49} cheers guys
[15:56] {bbobr} gn all
[15:56] {jdetente} see you all next week