Tuesday, September 10, 2013

Sept 10 2013

Short into bounce, sweet setup with sweet and swift outcome.


Together with GDX short for 1:2 and FCX bounce long, makes for a very very pretty morning


Session Time: Tue Sep 10 00:00:00 2013
[08:56] {dino} gm
01[08:57] {&Threei}  morning dino
[09:17] {Will49} gm
01[09:17] {&Threei}  will :)
[09:21] {ese} gm
[09:21] {RonS} gm
01[09:21] {&Threei}  ese :)
01[09:22] {&Threei}  Ron :)
[09:22] {nemo} ahem....
01[09:22] {&Threei}  flu?
[09:22] {bbobr} morning
01[09:22] {&Threei}  bbobr :)
[09:22] {ese} ron dino will vad bb
[09:22] {nemo} ahem
[09:22] {ese} nemo
01[09:22] {&Threei}  cold?
06[09:22] * nemo faints
01[09:23] {&Threei}  ah... flu AND cold then
06[09:23] * nemo crawls in cave
[09:23] {Will49} he means Amen
06[09:23] * nemo closes door
06[09:23] * nemo pulls blanky over head
06[09:24] * nemo grabs teddy
06[09:24] * &Threei manages to throw the grenade in just before the door closes
[09:25] {ese} lol
06[09:25] * nemo triggers remote switch inside vad's computer connected to 2lbs of semtech
[09:25] {ese} problem solved
[09:25] {Alexs} gm
01[09:26] {&Threei}  alex :)
[09:26] {ese} alex
[09:26] {Alexs} gm ese
[09:29] {dino} urbn gap fill
01[09:30] {&Threei} Short Setup: GDX  27 break
01[09:30] {&Threei}  If holds  .10
[09:30] {dino} urbn sm l .50
[09:31] {dino} too soon stop .20 -.30
01[09:32] {&Threei}  Invalidated
[09:32] {dino} urbn sm l .50
01[09:34] {&Threei} Short Setup: GDX  .05 break
[09:35] {+cc_9} TZA looking good.
[09:35] {nemo} urbn hit support to the penny
01[09:36] {&Threei}  If holds  .13
[09:38] {RonS} took urbn .35 to .95 +.60 thanks dino
[09:38] {+cc_9} FIVE big move out the gatefit taking
[09:38] {Will49} nice
01[09:38] {&Threei}  1:1
[09:39] {dino} out urbn .94 +.44
[09:41] {dino} cxo drop
[09:41] {robbers} Out in full, thanks.
01[09:41] {&Threei}  yw
[09:43] {dino} urbn sm l .54
01[09:44] {&Threei} Long Setup:  BBRY  .05 break
01[09:44] {&Threei}  If holds  11
01[09:44] {&Threei}  Invalidated
01[09:46] {&Threei} Short Setup: GLD  .70 break
01[09:46] {&Threei}  If holds  .80
[09:46] {Alexs} 3/4 :)
01[09:47] {&Threei}  7/8
01[09:47] {&Threei}  no, too much... 13/16
01[09:47] {&Threei}  1:1
01[09:47] {&Threei}  1:2
[09:48] {robbers} Great call.
01[09:48] {&Threei}  take that, you newbies who never traded in fractions and had to calculate this stuff in, umm, fraction of a second :)
01[09:48] {&Threei}  ty
01[09:48] {&Threei}  1:3
01[09:48] {&Threei}  out
01[09:48] {&Threei}  GDX 1:2
01[09:49] {&Threei}  die more GDX, daddy needs new camera
[09:51] {Alexs} are you sure?
01[09:51] {&Threei}  about what?
[09:51] {Alexs} new camera
[09:51] {robbers} And the winner is, a new camera for Vad.
01[09:51] {&Threei}  after I saw it yesterday...
01[09:52] {&Threei}  I am really really sure :)
[09:53] {nemo} alex should be popping off about his fair share of the camera any moment now
01[09:54] {&Threei}  rofl
[09:54] {Alexs} :)
[09:55] {+cc_9} FIVE big fade to session lows.
01[09:56] {&Threei}  wow... GLD too soon
01[09:58] {&Threei}  so, if GDX hits 1:3, can I go home?
01[09:59] {&Threei}  where is drew btw
[09:59] {Will49} and buy that camera
01[09:59] {&Threei}  pre-order, Will... just announced, about a month or so till it's actually available
[10:00] {Will49} do you mean to tell us that you'll be able to take even BETTER pics?
[10:00] {+cc_9} FIVE, this is a good ticket.
[10:00] {+cc_9} Also, watching IMMU.
[10:00] {nemo} no, it's the archer not the arrow
01[10:00] {&Threei}  well
01[10:00] {&Threei}  it's a bit more nuanced than that
[10:00] {Will49} I'm sure
[10:00] {nemo} it's a new toy
01[10:01] {&Threei}  it gives you a chance to get them in conditions where old one was not up to the task
01[10:01] {&Threei}  and makes it easier to get them in other situations
[10:01] {nemo} talking about yourself vad?
[10:01] {Alexs} lol
[10:01] {nemo} how did Vad's sex life get in this stream
01[10:01] {&Threei}  and yes, it's a new toy... heard what GAS is? :)
01[10:02] {&Threei}  Gear Acqusition Syndrome
[10:02] {nemo} Gallium Arsenide?
[10:02] {nemo} ahhhh
[10:02] {nemo} rampant materialism
06[10:02] * &Threei slaps nemo around a bit with a very very heavy object
[10:02] {nemo} that's what happens when you grow up in the material scarcity of the Soviet Union
[10:03] {nemo} Les can't get back soon enough, huh?
01[10:03] {&Threei} Long Setup:  FCX  .90 break
01[10:03] {&Threei}  If holds  .85
[10:04] {+cc_9} FIVE beautiful LOD support
[10:04] {+cc_9} IMMU bouncing off lows, holding yesterday's range.
[10:06] {Alexs} in the soviet union everybody could get a new camera easily btw
[10:06] {nemo} Hasselblad?
[10:07] {RonS} from the CIA?
[10:07] {Alexs} 2 X 2
[10:07] {nemo} so, cardboard box with a pinhole
01[10:08] {&Threei}  lol
01[10:08] {&Threei}  camera, as in jail cell
01[10:09] {&Threei}  1:1
01[10:13] {&Threei}  Kerry on TV
[10:14] {Will49} be afwaid, be vawy afwaid
01[10:15] {&Threei}  I am... I always am afraid of idiots
[10:18] {RonS} urbn unusually high % of block volume traded today...major institutional dumpage
[10:19] {nemo} rad, man
[10:22] {+cc_9} FIVE blowing up some more
01[10:25] {&Threei} Short Setup: MCD  .80 break
01[10:25] {&Threei}  If holds  .85
01[10:26] {&Threei}  hey bryl... missed nice day yesterday, and perfect morning today
[10:27] {bryl} yeah   was busy    sunny today here in Toronto
01[10:27] {&Threei}  MCD looks two-sided
[10:28] {ese} L urbn .35
01[10:30] {&Threei}  (US) Senate Majority Leader Reid (D-NV): There is no need to rush into any vote on Syria; Capitol Hill should give diplomacy a chance to play out- Senate Minority Leader McConnell (R-KY): Obama has failed to provide a clear strategy on Syria, opposed to military strikes on Syria, planning to vote against the resolution to authorize military strikes
01[10:30] {&Threei}  good
01[10:30] {&Threei}  stop striking left and right at anything that moves
[10:31] {Alexs} russians saved the world again
[10:31] {RonS} only dino can do that...
01[10:31] {&Threei}  especially with that shining nobel prize for peace
[10:31] {dino} lol
01[10:32] {&Threei}  dino uses his powers for peaceful purposes...
01[10:32] {&Threei}  just think about it... Obama says let's bomb them and Puting says let's use diplomacy
[10:32] {RonS} ya, making demonet so his wife is at peace...
01[10:32] {&Threei}  lol
[10:33] {Alexs} rofl Ron
01[10:33] {&Threei}  meh FCX
01[10:33] {&Threei}  umm, MCD
[10:34] {Alexs} what's wrong with FCX?
01[10:35] {&Threei}  nothing, mixed symbols. Meh was for MCD
01[10:35] {&Threei}  which is somg
[10:38] {+cc_9} FIVE 49 session highs, absolute monster
[10:38] {ese} I have been wronged sir!!! "say that with southern accent/drawl" how dare you decline .10 cents once I have bought shares in your company....."SMACK" leather glove applied forcefully to the cheek of URBN ceo
[10:40] {ese} duel now initiated and to be carried out in nemos back yard
[10:40] {nemo} one of those southerners with a family tree that has no branches?
[10:40] {ese} indeed
[10:40] {nemo} oh crissakes, getting rid of bodies is a bitch
[10:41] {ese} lol
[10:41] {nemo} doing the deed is a cakewalk comparatively
[10:41] {nemo} gotta' chop the shit up, or when it decomposes it leaves a telltale depression in the ground
[10:41] {nemo} then you gotta' make it look like nobody's been there
[10:41] {nemo} sheesh
[10:42] {bryl} I never did a cakewalk        sounds like a blast
[10:43] {nemo} then there's the issue of left over dna when you transport
[10:43] {ese} yes there would be
[10:43] {nemo} one frickin' hair and your screwed
[10:43] {nemo} too much stress
[10:44] {bryl} tell that to OJ
[10:44] {ese} alright....forget it then
[10:44] {nemo} another gap and go day
[10:46] {Will49} crap...another PC freeze..had to reboot
[10:46] {Will49} any calls since MCD?
01[10:46] {&Threei}  no
[10:46] {Will49} must have a graphics card problem
01[10:46] {&Threei}  happens strangely frequently, willl
[10:47] {Will49} yeah
[10:47] {Will49} 2 days in a row this week
[10:47] {nemo} why don't you see if there's an upgrade for the graphics driver?
[10:48] {Will49} good idea nemo, I'm a real clutz at this IT stuff
[10:48] {drewj} gm
[10:48] {nemo} is it a separate graphics card, or on board
01[10:48] {&Threei}  morning drew
[10:49] {nemo} Hi mildrew
[10:49] {drewj} hi all...had to take my wife to work.
01[10:49] {&Threei}  well, that was an expensive ride
[10:50] {drewj} i'll be out tomorrow...
[10:50] {drewj} big day.  my wife is becoming a US citizen tomorrow.
[10:50] {drewj} Sounds like you guys had a good morning.
01[10:51] {&Threei}  very
[10:51] {ese} damn
[10:51] {nemo} now you'll lose all leverage
[10:51] {ese} how dare you
[10:51] {ese} urbn
[10:51] {drewj} leverage is psychological
[10:51] {Will49} nemo...have no idea if on board
[10:51] {nemo} no, it's legal
[10:52] {drewj} only if you don't know what you're doing.
[10:53] {nemo} Will, what operating system you got
[10:53] {Will49} XP
01[10:54] {&Threei}  FCX starts clawing its way to 1:2
[10:54] {nemo} google how to identify your graphics hardware in XP
[10:54] {Will49} yeah I will nemo
[10:54] {Will49} have a friend who knows his stuff...that'll be my afternoon project
[10:55] {nemo} what do you have for virus software?
[10:55] {Will49} VIPRE
[10:55] {ese} STOPPED!!!!!!!!!!!! urbn -.21
[10:56] {nemo} you run  spybot, or malwarebytes?
[10:56] {Will49} malwarebytes
[10:57] {ese} huh?
[10:57] {nemo} you run and update it regularly?
[10:57] {Will49} not really
[10:57] {Will49} my bad :(
[10:57] {nemo} why don't you do that right now
[10:58] {nemo} then update your antivirus and run a full scan
[10:58] {Will49} OK tks
[10:58] {Will49} think I'll wait till the FCX trade is finished
[10:59] {Will49} i'm easily distracted
[11:00] {Will49} tks for the advice nemo
[11:00] {nemo} we're just figuring things out, could be something else.  I think DAS trader may be involved
[11:01] {Will49} everything freezes and mouse pointer won't move
[11:01] {nemo} yep
[11:02] {nemo} that happens every once in awhile with mine too and I'm on Windows7
[11:02] {Will49} you could be right about DAS
[11:02] {nemo} no shit
[11:02] {Will49} don't recall it happening with laser
[11:02] {nemo} what you have for breakfast this morning?
01[11:03] {&Threei}  never happened here
[11:03] {Will49} what's that got to do with the price of silver?
01[11:03] {&Threei}  not even with Laser, DAS, briwser with 12 tabs and Photoshop running
[11:03] {nemo} does a bear defecate in arboreal areas
[11:03] {nemo} ?
[11:04] {Will49} you lost me
[11:04] {nemo} that was the point
[11:04] {Will49} success then
[11:04] {nemo} sorry, no Les, can't help myself
[11:04] {Will49} no apology necessary
[11:05] {nemo} might sportin' of ya'
[11:05] {Will49} i know how hard you're trying to hold back
[11:05] {ese} L urbn .27
[11:06] {RonS} ...lol...that retweet nemo...
[11:06] {nemo} yeah
01[11:08] {&Threei}  what retweet?
[11:09] {nemo} got too many tabs open there Vadster
[11:11] {Will49} did you take your paxel this morning nemo?
[11:11] {nemo} lysergic diathelimide
[11:11] {Will49} i asked for that
[11:12] {nemo} it's paxil, btw
01[11:12] {&Threei}  closed FCX balance
[11:12] {Will49} sheesh...you know everything!
01[11:13] {&Threei} Short Setup: WMT  .05 break
[11:13] {Will49} or are you just quick on google?
01[11:13] {&Threei}  If holds  .10
[11:13] {nemo} no, and yes
[11:13] {nemo} Actually, I just know enough to be an asshole
[11:14] {nemo} and a damn good one!
[11:14] {nemo} speaking of, I get to lecture a bunch of undergrads in a few weeks...some writing class
[11:14] {Will49} nice to be good at what you are:)
[11:15] {nemo} strive for excellence in any pursuit
[11:16] {Will49} true dat
[11:16] {ese} L some more urbn balance crap load at .31
[11:17] {RonS} wah?...Merkel says Europe can't rest on Renaissance laurels, must push reform to make it competitive
[11:17] {nemo} http://bit.ly/1edfGta
01[11:17] {&Threei}  there are any laurels to rest on?
[11:18] {dino} sidtracked, r.e. issues, back in hour or so
[11:19] {Will49} have some breakfast
01[11:23] {&Threei}  let's trail stop to .06
01[11:23] {&Threei}  action slowed down too much, no point in losing money
[11:24] {Will49} my man!
[11:30] {RonS} dbi illustration on krft today
01[11:31] {&Threei}  very much so
[11:31] {drewj} and wmt is reverse cup and handle
01[11:32] {&Threei}  1:1
[11:33] {drewj} what time of day do you start doing scalps?
[11:33] {drewj} half out...
01[11:34] {&Threei}  it's not a given... rather going by the feel
[11:34] {drewj} so how do we feel?
01[11:34] {&Threei}  fine, thank you
[11:34] {drewj} ha
[11:35] {drewj} well?
01[11:35] {&Threei}  I make a commrnt if I see a need to deviate from SOP
[11:36] {drewj} ok
[11:36] {+cc_9} GMCR tanking here
01[11:42] {&Threei}  1:2 is close enough
01[11:42] {&Threei}  1/4 more out
[11:43] {drewj} awesome.  ty vad
01[11:43] {&Threei}  yw
01[11:43] {&Threei}  missed 3 winning trades earlier, so it should take some sting off
[11:44] {drewj} honestly i'm happy enough to really be understanding what you are doing...
[11:44] {drewj} but thanks.
[11:45] {drewj} i'll be around for more winning trades in the future.
[11:49] {Alexs} for losing too btw
01[11:49] {&Threei}  lol
[11:49] {nemo} bmrn bear flagging
[11:49] {drewj} yup
[11:51] {drewj} spy bottom?
[11:51] {nemo} for now
[11:51] {nemo} two gap and go days odds are this isn't
[11:51] {drewj} ok
[11:52] {Will49} where are the grammer police?
[11:52] {nemo} ?
[11:52] {drewj} :)
[11:52] {Will49} odds are these are not
[11:53] {Will49} or this is not
[11:53] {drewj} he are not watching
[11:53] {Will49} oh well
[11:53] {nemo} grasping at straws there willy
[11:53] {Will49} yes, for sure
[11:54] {drewj} I thunk it was funny
[11:55] {nemo} no one ever said you have a sense of humor
[11:56] {drewj} don't be a poor sport nemo
[11:56] {nemo} I'm not
[11:56] {nemo} Will was creating a fatima morgana
[11:56] {+cc_9} GMCR decent bounce so far, held its range from yesterday'
[11:57] {+cc_9} open
[11:57] {nemo} or fata morgana...got my metaphors mixed
[11:57] {Will49} blame it on Canada
[11:57] {Will49} tks Vad, out on trail
[11:58] {drewj} whatever
[11:58] {Will49} fata morgana is a jazz singer, no?
[11:58] {drewj} a porn star i think
[11:59] {ese} gotta go all.....cya tomorow
[12:00] {Will49} VERY nice morning Vad
[12:01] {Will49} off for my SSSS...see you ltr
[12:01] {drewj} bye will
01[12:04] {&Threei}  :)
01[12:04] {&Threei}  take are ese
01[12:04] {&Threei}  and will
01[12:08] {&Threei}  diego, how are you doing?
01[12:08] {&Threei}  last day of your trial, so thought I'd ask
[12:09] {_diego} I am very happy with this room
01[12:09] {&Threei}  cool beans, we are too
[12:10] {_diego} I like good risk management you have in your operations
01[12:10] {&Threei}  staying as a member, I hope (even despite nemo)
[12:11] {drewj} you can just ignore him diego
01[12:11] {&Threei}  but it's not fun
[12:11] {drewj} i know...he totally makes the room worth it for me:)
[12:11] {_diego} I have intentions to become a member so I'll be with you again
01[12:12] {&Threei}  good to hear
[12:12] {drewj} diego hablas espanol?
[12:12] {_diego} yes
[12:12] {drewj} de donde eres?
01[12:13] {&Threei}  oh great... drew and diego will speak Spanish, nemo and les - German... I switch to Russdian any minute now
[12:13] {_diego} My English is not very well
[12:13] {drewj} esta bien...te puedo ayudar.
[12:13] {_diego} de Argentina
[12:13] {drewj} mi esposa es mexicana...
[12:13] {drewj} donde estas?
[12:14] {drewj} en Argentina?
[12:14] {_diego} visite mexico el año pasado. cancun es increible
[12:14] {drewj} no conozco cancun pero quiero conocer Argentina...
[12:15] {drewj} quiero eskiar..
[12:15] {_diego} si es fabuloso para esquiar
[12:15] {drewj} bueno...mucho gusto.
01[12:15] {&Threei}  let's go back to english guys
[12:15] {drewj} si yo se
[12:15] {drewj} ok vad.
[12:15] {_diego} es un pais muy grande y tiene muy lindos  y diferentes paisajes
[12:16] {_diego} ok
[12:16] {drewj} yo imagino
[12:18] {_diego} the market is very quiet
[12:20] {dino} .
[12:23] {RonS} ya, only russian, german, english, canuckian, and that very rare dialect...ese-an, allowed to be spoken here...
[12:23] {_diego} Threei a question, the stocks that you operate. how long do you come from  operating?
01[12:23] {&Threei}  sorry... not sure I understand
01[12:24] {&Threei}  maybe drew can translate
[12:24] {RonS} he thinks you focus on a selection of names...same all the time
[12:24] {drewj} digame si quieras ayuda
[12:24] {dino} don't think...react
[12:26] {_diego} thanks drewj
[12:26] {drewj} claro que si.
[12:26] {drewj} tienes una pregunta?
[12:28] {bryl} thanks for a good day so far
[12:28] {bryl} heading out
01[12:28] {&Threei}  :)
[12:28] {_diego} no por ahora
[12:29] {RonS} lol...glad these guys aren't vietnamese...i can read spanish
[12:31] {dino} i'm lost...english only
[12:31] {drewj} doesn't mibbit have a translate function?
01[12:33] {&Threei}  (SY) France Foreign Min Fabius: Russia Foreign Min Lavrov is not much in favor of any binding UN resolution regarding Syria - Follow up 12.:29ET: Russia Foreign Minister: French proposal on Syria is not acceptable. Rejects holding Syria government accountable for using chemical weapons. - To propose UN draft declaration supporting international control of Syria chemical weapons.
[12:35] {Alexs} what was french proposal?
01[12:35] {&Threei}  this is family room Alex
[12:36] {RonS} ...to start fighting, then surrender...opposed to O proposal to surender before fighting...
01[12:36] {&Threei}  I can't go into graphic details
[12:36] {drewj} :)
[12:37] {Alexs} O is a smart guy, like him
01[12:38] {&Threei}  well, as a progressive how could you not
[12:39] {Alexs} as a progressive I like 99%
[12:39] {Alexs} it's a fair share
[12:40] {drewj} vad does wmt look like a bounce with a mini range?
01[12:40] {&Threei}  technically yes... I doubt it's a promising trade though
01[12:40] {&Threei}  way too narrow
[12:41] {drewj} what is too narrow?
01[12:42] {&Threei}  stays in 5-7 cents range, and has about 10 cents below and 10-15 above... not room for a meaningful move, other than as a result of decisive breakout - and what are thne chances of that in this swamp?
[12:43] {patel} Is CC around?
[12:43] {drewj} gotcha
01[12:43] {&Threei}  hey patel
01[12:43] {&Threei}  welcome back
[12:43] {patel} hey Vad
[12:43] {patel} thanks
01[12:43] {&Threei}  cc9, you here?
[12:47] {dino} welcome back patel
[12:54] {+cc_9} cc9 checking in
01[13:04] {&Threei} Long Setup:  KRFT  53 break hl
01[13:05] {&Threei}  If holds  .90
[13:05] {dino} urbn sm l .50
[13:06] {drewj} so this one has a long distance to the upside...right?
[13:06] {Alexs} can't believe you're calling hl Vad
01[13:06] {&Threei}  yes, and it has life in it
01[13:07] {&Threei}  look at WMT
[13:07] {drewj} life means what?
01[13:07] {&Threei}  moved within 2 or 3 cents since we talked
01[13:07] {&Threei}  life...
01[13:07] {&Threei}  molecules are moving...
[13:07] {drewj} i see.  what is the meaning of life vad?
01[13:07] {&Threei}  bees are buzzing...
01[13:07] {&Threei}  offers are being lifted...
01[13:08] {&Threei}  bids are being raised...
[13:08] {drewj} in...
01[13:08] {&Threei}  people go on dates...
01[13:08] {&Threei}  drinks are being poured...
01[13:08] {&Threei}  life, you know
[13:08] {drewj} oh man...what have I started?
[13:08] {RonS} lol
01[13:08] {&Threei}  hehe
[13:08] {Alexs} buy new cameras
01[13:09] {&Threei}  right
[13:09] {Alexs} lose their money
[13:10] {drewj} technical question:  how can you tell that the offers are being lifted?
01[13:11] {&Threei}  you see it on level 2 and T&S
[13:13] {drewj} so sellers want more for their shares then...
[13:13] {Alexs} for their fair share
[13:14] {drewj} fair share sounds like a dangerous topic...
01[13:15] {&Threei}  lifting the offer refers ro a trade at the offer price
01[13:15] {&Threei}  trade at the bid price - hitting the bid
[13:17] {drewj} so wmt had the pattern but no life right?
01[13:17] {&Threei}  yep
01[13:17] {&Threei}  bees weren't buzzing
01[13:18] {&Threei}  drinks weren't poured... molecules... etc, you know the drill
[13:18] {drewj} nemo's a jerk...
01[13:19] {&Threei}  dunno about that... dick, sure
[13:19] {RonS} lol
[13:19] {drewj} then all is right with the universe
[13:24] {drewj} so trades at the offer price show a lot of green on t&s right?
01[13:25] {&Threei}  yes'
01[13:26] {&Threei}  still, time of the day is not very conducive, so even thoough it's slow, I elected to do hl
[13:26] {drewj} hl?
01[13:26] {&Threei}  half lot
[13:29] {drewj} just keeps bouncing off 53
[13:33] {Alexs} no bees buzzing still
[13:33] {Will49} only buzzing is in my ears
[13:33] {drewj} but i am about to pour a drink...
[13:35] {Will49} go back rob, go back
[13:35] {dino} gap up and sit......zzzzzzzzzzzzzzzzzzzzz
[13:35] {robbers} Go back in time to the GLD trade?
01[13:35] {&Threei}  gap n'stall
[13:35] {Will49} no. go back to bed....things at a standstill
[13:36] {robbers} No one, at the moment, to go to bed with.
[13:36] {Will49} :)
[13:55] {nemo} back from lunch...was I insulted while I was gone?
[13:56] {RonS} thinking all compliments...
[13:56] {nemo} ahh, new career in politics Ron?
01[13:57] {&Threei}  I tried my best nemo
[13:57] {nemo} some people just don't have the talent
01[13:58] {&Threei}  I'll admit, I am better at shooting with no exchange of needless remarks
01[13:59] {&Threei}  that's how James Bond always escapes inevitable death...
01[13:59] {&Threei}  his enemy talks too much instead of shooting
[13:59] {nemo} that's a movie Vad
01[14:00] {&Threei}  yeah but each time I am like "dude, why do you need to explain him how much you are going to enjoy killing him... just kill him already"
01[14:01] {&Threei}  well... pre-order is placed on my new camera
01[14:01] {&Threei}  thank you GLD, GDX, FCX etc for making it pain-free
01[14:01] {&Threei}  these things are anything but cheap, lol
[14:03] {Alexs} and thanks MCD and KRFT for the feeling that these things  are not too cheap
01[14:04] {&Threei}  lol
01[14:04] {&Threei}  KRFT is meh
[14:06] {Will49} Gonna bail guys...great morning!
01[14:06] {&Threei}  take care will
[14:06] {nemo} funny you should bring that up Vad, sometimes when I teach shooting, they'll say to me, well, I'll just rack the slide on that shotgun and that'll scare them.
01[14:06] {&Threei}  heh
01[14:06] {&Threei}  amateurs
[14:06] {nemo} I tell 'em, no...if it's dark, you'll just identified your location
[14:07] {nemo} You don't take it out to show.
01[14:07] {&Threei}  eqzaktly
01[14:08] {&Threei}  wisdom of centuries in that mobster advice
[14:08] {Alexs} aapl introduced touch ID, now thieves will hunt not only for the phone but for your finger
[14:08] {nemo} people watch too much TV
[14:08] {nemo} BIDU breakout?
01[14:09] {&Threei}  alex... say thanks it's not an iris ID
[14:09] {Alexs} lol
01[14:09] {&Threei}  don't like the idea of breakouts right now, nemo...
[14:09] {nemo} yeah, it seems to be apeing spy
[14:10] {nemo} I've got short signals in finnies and spy and now iwm
[14:12] {nemo} eh...bidu climbing, figures
[14:18] {nemo} aapl must have a worm in it
01[14:24] {&Threei}  well, new phone will have different colors...
01[14:25] {&Threei}  must be very exciting for investors
[14:26] {Alexs} who is Steve Jobs?
[14:26] {nemo} ?
[14:26] {Alexs} atlas shit
[14:27] {nemo} pisdah
[14:27] {Alexs} nice nemo
[14:27] {nemo} privyet
01[14:27] {&Threei}  lol
01[14:28] {&Threei}  nemo just says random words
[14:28] {Alexs} I feel like he is russian
[14:29] {nemo} guilt by extensive association
01[14:30] {&Threei}  alex, if he were, he would combine those tweo words in one sentence {GGG}
[14:31] {Alexs} :)
[14:32] {nemo} sheesh, aapl
[14:33] {Alexs} looks like icahn dumping it already
[14:36] {Alexs} but I think iphone still the best thing on the market
[14:48] {dino} took awhile, but out urbn .80, +.30
01[14:48] {&Threei}  wtg
[14:49] {Alexs} btw nemo I think that pizda more correct spelling
[14:52] {dino} ty
[14:54] {bbobr} both spellings are acceptable in the Bronx... he-he
[14:55] {Alexs} try to google both words... :)
01[14:56] {&Threei}  lol
[14:56] {nemo} cyrillic to English
[15:02] {nemo} gmcr looks weak
01[15:06] {&Threei}  MCD Testing a mobile app that would allow US diners to pay for food
01[15:06] {&Threei}  really... god forbid they'd spend a few freshly devoured calories by walking to a cashier
01[15:07] {&Threei}  (SY) UN Security Council may delay discussions on Syria proposals beyond 1600ET; now cancelled following a withdrawal of Russia request - press- US Sec of State Kerry: Supplies for the opposition have not been reaching the opposition as quickly as had been targeted, but are arriving - Syria foreign minister: ready to acknowledge we have chemical weapons and to sign the UN chemical weapons convention. - US President Obama: Requested Senators delay the vote in Congress to allow Russia proposal to be fully vetted
[15:07] {Alexs} if you have iphone you just need a finger of your friend
01[15:07] {&Threei}  lol
01[15:07] {&Threei}  of an eye
01[15:07] {&Threei}  or
01[15:08] {&Threei}  phrase "give a middle finger" may get whole new meaning
[15:08] {Alexs} rofl
01[15:08] {&Threei}  "I gave him a middle finger" - Wow, you must really trust him with your money
01[15:11] {&Threei} Short Setup: GLSD  .80 break
01[15:11] {&Threei}  GLD
[15:13] {nemo} http://bit.ly/189qXaM
01[15:14] {&Threei}  If holds  .90
01[15:20] {&Threei} Short Setup: GDX  .55 break
01[15:20] {&Threei}  If holds  .62
01[15:44] {&Threei}  hurry up and die GDX
01[15:44] {&Threei}  time's an issue
01[15:48] {&Threei}  meh
[15:48] {drewj} thanks for everything vad...
[15:49] {drewj} have a good evening.
[15:49] {drewj} see you thursday.
[15:49] {dino} gn all
01[15:49] {&Threei}  thank you all, have a great evening
01[15:50] {&Threei}  see you tomorrow
[15:50] {bbobr} gn

Monday, September 9, 2013

Sept 09 2013

To signify new week start, let me treat you to 1:3 morning play (went to 1:4 and more actually but we sold at 1:3) 



With a few more winning trades ranging from scalps to 1:3ers, and two 5 cent stops. week starts pretty good. 


Session Time: Mon Sep 09 00:00:00 2013
[08:38] {dino} gm
[08:38] {drewj} gm
01[08:42] {&Threei}  morning dino, drew
[08:45] {drewj} I made those changes you recommended vad
01[08:45] {&Threei}  cool... see if it simplifies things for you while not detracting anything from necessary information
[08:46] {drewj} i think i was looking for the wrong information
01[08:47] {&Threei}  it's not really wrong... it's just relevant or not to what we do
01[08:47] {&Threei}  in many areas you accumulate information as you learn
01[08:47] {&Threei}  in ours, you get rid of it :)
[08:48] {drewj} so now i pretty much just have about 12 charts up...the watchlist of stocks that you usually use.
[08:48] {drewj} and news
[09:03] {nemo} I think I'm allergic to vodka
01[09:03] {&Threei}  feeling sick after 3rd bottle?
[09:04] {nemo} a bit
01[09:04] {&Threei}  yup, it's either that or a food poisononing by oatmeal cookie you hade inbetween
[09:04] {nemo} I eat 10 or 15 jello shots beforehand to coat my stomach
01[09:05] {&Threei}  fancy... most people just eat half-brick of butter
01[09:08] {&Threei}  saw orca photos on my page, nemo?
[09:08] {nemo} can't say I did
01[09:08] {&Threei}  sigh
[09:09] {nemo} cute
[09:09] {nemo} almost as cuddly as bunny
[09:10] {nemo} I like the duckling
[09:20] {bbobr} gm
01[09:20] {&Threei}  bbobr :)
[09:20] {Will49} gm
01[09:20] {&Threei}  will :)
[09:22] {cipher} gm
01[09:23] {&Threei}  cipher :)
[09:23] {RonS} gm
01[09:23] {&Threei}  ron :)
[09:24] {goinshort} gm
01[09:24] {&Threei}  gs :)
01[09:24] {&Threei}  hey, gs also stands for Godlman Sachs
01[09:24] {&Threei}  keeping an eye on GDX for possible 28 break short
[09:25] {goinshort} there you go now they know
[09:27] {ese} morning
01[09:27] {&Threei}  rdr :)
01[09:27] {&Threei}  ummm
01[09:27] {&Threei}  ese :)
01[09:27] {&Threei}  (typing with fins is really tough)
[09:28] {Alexs} gm
[09:28] {ese} A
01[09:28] {&Threei}  alex :)
[09:28] {fish_49} gm all
[09:28] {ese} Vad
[09:28] {ese} Fish
01[09:28] {&Threei}  fish :)
01[09:30] {&Threei} Short Setup: GDX  28 break
01[09:30] {&Threei}  If holds  .05
[09:31] {+cc_9} good late morning.
01[09:31] {&Threei}  cc9 :)
[09:31] {ese} molx
[09:31] {+cc_9} DAL nice setup today
[09:32] {RonS} molx getting bought
[09:32] {+cc_9} KONG needs some profit taking and pullback
01[09:33] {&Threei} Long Setup:  C  .40 break
[09:33] {+cc_9} KONG dumping, beautiful
01[09:33] {&Threei}  If holds  .35
01[09:34] {&Threei}  1:1
[09:36] {+cc_9} DAL new session highs
01[09:40] {&Threei}  1:2
[09:42] {fish_49} ty Vad
01[09:43] {&Threei}  yw
[09:45] {+cc_9} KONG looking for sub 13.50
[09:45] {+cc_9} $1.00 dump so far, could get more all the way to $13
01[09:45] {&Threei}  1:3, out
[09:45] {dino} htwr sm l ave .70 thinny
[09:46] {Will49} tks Vad
01[09:46] {&Threei}  :)
[09:46] {robbers} Out in full, thanks.
01[09:46] {&Threei} Long Setup:  GDX  .90 break
01[09:46] {&Threei}  If holds  .85
[09:47] {+cc_9} KONG { 13.40 bid
[09:47] {+cc_9} That's a beaut
[09:47] {nemo} conn
[09:48] {ese} elli placing itself up for sale.......
[09:49] {dino} conn, missed most parytial fill 53.80
[09:49] {dino} partial
[09:49] {dino} old news ese
[09:50] {dino} look july spike
[09:51] {ese} tks dino
[09:51] {ese} just noticed
[09:51] {dino} out conn .80, +1.00. unfortunately only 100 shares filled
[09:51] {dino} np
[09:51] {nemo} that's going at least to 56
[09:52] {dino} out htwr .18, +.48
[09:52] {dino} cree luv today
01[09:53] {&Threei}  half out
01[09:53] {&Threei}  stop to .89
[09:58] {+cc_9} KONG still tanking :)
01[09:58] {&Threei}  why not Empire State Building is quite high
[09:58] {Will49} ha ha ha
01[09:59] {&Threei}  thank you will... I missed this
[09:59] {ese} L ntap .81
[09:59] {Will49} my pleasure
[09:59] {drewj} vad what do you think about a possible slw drop?
01[09:59] {&Threei}  .75 break is valid setup
01[10:01] {&Threei}  Tesla Motors Considering taking fight to Washington in its effort to get legal approval for direct sales to consumers, bypassing state dealership rules - Automotive News (update)- Article suggests a federal challenge "may be a long shot" but the rest of the auto industry will watch Telsa's efforts closely as it could change the industry sales model.
[10:03] {drewj} with what stop level?
01[10:03] {&Threei}  above .85
01[10:04] {&Threei} Long Setup:  JPM  .10 break
[10:04] {dino} kong sm l .50
01[10:05] {&Threei}  drew, if I were you I'd refrain for now from trading your own finds
01[10:05] {&Threei}  Invalidated  JPM
[10:05] {drewj} i will...
[10:06] {drewj} i will ask about the correctness of my ideas just to learn
[10:07] {drewj} i had just made a note to sit on hands just before you said that!
[10:07] {nemo} Vad's school of Lakon
01[10:09] {&Threei} Long Setup:  WMT  73 break hl
01[10:09] {&Threei}  If holds  .90
[10:09] {dino} out komg .74, +.24, ty for idea cc9
01[10:10] {&Threei} Long Setup:  CAT  .90 break hl
01[10:10] {&Threei}  ugh
01[10:10] {&Threei}  lol
01[10:10] {&Threei}  meant .80
01[10:11] {&Threei}  thing jumped so fast it was unobtainable anywhere withing 7 cents
01[10:11] {&Threei}  and even .90 break is profitable
01[10:14] {&Threei}  change WMT trigger to .95 break
01[10:14] {&Threei}  If holds  .90
01[10:15] {&Threei}  and change to full lot
[10:19] {dino} ll sm s .78
[10:19] {+cc_9} np dino
01[10:19] {&Threei}  Invalidated
[10:19] {+cc_9} I was trading KONG short only, but good job on the long side.
[10:19] {dino} snts drop
[10:19] {dino} thx
[10:20] {dino} cov ll .46, +.32
[10:21] {dino} snts sm l .63
[10:22] {nemo} mon break
[10:25] {dino} out snts .83, +.20
[10:25] {dino} snts sm l .52
[10:27] {ese} l some more ntap avg .81
[10:27] {nemo} mon
[10:28] {dino} out snts .71, +.19
[10:29] {dino} conn sm l .80, stop lod
[10:33] {dino} conn stop -.31
[10:35] {+cc_9} thanks for SNTS who ever alerted it.
[10:35] {+cc_9} nice bounce
[10:35] {dino} i did, yw
01[10:36] {&Threei} Short Setup: C  .65 break
01[10:36] {&Threei}  If holds  .70
01[10:38] {&Threei}  this is quite interesting setup
01[10:38] {&Threei}  if triggers and works will discuss it
[10:39] {drewj} target?
01[10:39] {&Threei}  .35
[10:41] {drewj} i'm in at .64
[10:41] {drewj} it's at .7 now
01[10:41] {&Threei}  meh
[10:42] {drewj} out?
01[10:42] {&Threei}  [10:36] {&Threei} If holds .70
01[10:42] {&Threei}  it doesn't, you get out
[10:42] {drewj} over .70...out
[10:50] {nemo} is it still August?
[10:51] {fish_49} no
01[10:51] {&Threei}  very slow and narrow
[10:51] {fish_49} we are in September now Nemo
01[10:51] {&Threei}  I'd guess, Syria
[10:51] {RonS} last day here it will feel like it...byebye 90's
[10:53] {Will49} we're not in Kansas anymore either
01[10:54] {&Threei} Long Setup:  CAT  .35 break
01[10:54] {&Threei}  If holds  .25
[10:54] {Alexs} hl?
01[10:55] {&Threei}  3/4
[10:55] {Alexs} :)
01[10:55] {&Threei}  you are doing it on purpose, I swear
01[10:56] {&Threei}  and secretly running stats how many times I answer 2/3 vs 3/4
[10:56] {Alexs} you know it's all about fair share
[10:57] {fish_49} I would take 9/16 lot if I were you Alex
[10:57] {Alexs} :)
01[10:57] {&Threei}  25/32
01[10:57] {&Threei}  gosh, I miss fraction times
01[10:58] {&Threei}  they were so confusing for newbies, you could make money just on their miscalculations
[10:58] {fish_49} some futures still trade fractions  It's driving me crazy  I stay away
[10:59] {fish_49} I'm a newbie  but I wont give you my money  lol  I don't want to be on the other side of your trade
01[11:01] {&Threei}  1:1
[11:02] {+cc_9} 1 hour of market going nowhere...yawn
[11:03] {dino} conn sm l .51
[11:03] {nemo} basically riding the 50 day
01[11:05] {&Threei}  1:2
[11:06] {dino} newbie? you will be asimulated fish
[11:07] {Will49} or filletted
[11:07] {nemo} 7 of 9
[11:07] {fish_49} ?
[11:07] {nemo} frankly she should have been 10 of 9
01[11:08] {&Threei}  someone wake nemo up
01[11:08] {&Threei}  on second thought...
[11:08] {nemo} dino knows
[11:09] {dino} indeed nemo
[11:09] {dino} out conn
[11:09] {dino} .09, +.58
[11:09] {Will49} the shadow knows
[11:10] {nemo} that's some volatility in conn
[11:11] {dino} air pocket city
[11:13] {+cc_9} FIO nonstop
[11:13] {+cc_9} looking for some profit taking at some point today
01[11:13] {&Threei}  1:3
01[11:13] {&Threei}  me out in full
01[11:13] {&Threei}  me happy
[11:13] {Will49} me too tks Vad
01[11:13] {&Threei}  :)
[11:13] {Alexs} progressives never happy
01[11:14] {&Threei}  they never are... sorry Alex, you chose that miserable way to live {G}
01[11:14] {&Threei}  now, look at what I, will and ese have in our backyard... 4 top photos in https://www.facebook.com/VadymGraiferPhotography
01[11:15] {&Threei}  shot this Saturday from the ferry, on a routine trip suddenly turned into whale watching tour
[11:16] {fish_49} beautiful
01[11:17] {&Threei}  first time one of my shots gets such audience... over 11 thousands as we speak, and counting
[11:17] {Will49} yes...we are fortunate to live here
[11:17] {Will49} great shots Vad
01[11:17] {&Threei}  ty
[11:20] {bbobr} beautiful shots
01[11:20] {&Threei}  thank you
01[11:21] {&Threei}  posted them yesterday morning... since then they were shared by all major tourist agencies FB pages
[11:22] {fish_49} When I see your FB postings  I often think.. Really? is there that much beauty in one place
[11:22] {+cc_9} good stuff Vad
01[11:22] {&Threei}  :)
01[11:22] {&Threei}  this island is quite something...
[11:23] {nemo} that's why Vad's there...to balance it out
[11:23] {Will49} LOL
[11:23] {Alexs} where did you make pic of falling ice Vad?
01[11:23] {&Threei}  a few too many progressives, if you ask me... but you have to pay for the right to live in paradise :)
01[11:23] {&Threei}  that's Alaska. alex
[11:23] {nemo} 1 progressive is a few too many
[11:23] {Will49} ese is on probation
[11:28] {ese} well.......in a manner of speaking
01[11:28] {&Threei} Short Setup: GLD  134 break
[11:28] {ese} i'm still working
[11:28] {ese} if thats what you mean
01[11:28] {&Threei}  work is eternal probation
01[11:29] {&Threei}  and damnation
[11:29] {ese} indeed
[11:30] {ese} but i seem to picking stocks that pay off in the same time frame as paint drying
[11:30] {Will49} what you do isn't work ese
[11:30] {Will49} you got it made in the shade :)
[11:30] {ese} ya for sure
01[11:30] {&Threei}  and you can always benefit from stocks we pick
[11:31] {Will49} AND ...you live in paradise
01[11:31] {&Threei}  I mean, you could hadn't you put me on ignore
[11:31] {ese} lol
[11:31] {ese} which reminds me vad
01[11:32] {&Threei}  where is "un-ignore" button?
[11:32] {dino} dfrg sm s .97
[11:32] {ese} i tried to watch the scalp trading course video that i bought from you  and it doesn't want to work with my apple computers or my windows 8 operating system.....
01[11:33] {&Threei}  on apple, you would have to use some kind of emulator
01[11:33] {&Threei}  I don't know much about that
[11:33] {ese} the course is about 5 years old i guess
01[11:33] {&Threei}  on win8, you just need to download the codec
01[11:33] {&Threei}  same as for any other windows, let me find it
[11:34] {ese} whats that
[11:34] {Alexs} gld still valid?
[11:34] {Will49} female product
01[11:34] {&Threei}  http://download.techsmith.com/tscc/tscc.exe
01[11:34] {&Threei}  yes
01[11:34] {&Threei}  If holds  .10
[11:35] {Alexs} hl? ;)
01[11:35] {&Threei}  load that video codec, windows will play those videos
01[11:35] {&Threei}  go away alex :)
[11:37] {ese} NTAP......it about time
[11:37] {drewj} Vad should I enter orders at the trigger price before price gets there?
01[11:37] {&Threei}  US) Fed's Williams (dove, FOMC non-voter): Policy response could impact economy longer than previously thought, can impact inflation and asset prices well into the future- Notes cannot use a 'rational expectations' criteria when trying to spot bubbles, as investors in many cases do not act rationally during investments - Asset bubbles and crashes are part of human nature. Main line of defense is good supervision. - Fed needs to ponder unintended consequences when thinking about monetary policy.
01[11:38] {&Threei}  good supervision, eh
01[11:38] {&Threei}  drew... your order shouldn't go through before setup actually triggers
01[11:38] {&Threei}  enter 133.98 limit, hit it when 134 is broken
01[11:39] {&Threei}  should be in at .99 now
[11:39] {drewj} that's what I meant...
01[11:39] {&Threei}  1:1
[11:41] {drewj} target?
[11:42] {dino} cov dfrg .80, +.17
01[11:43] {&Threei}  unless there is specific comment, a trade is considered tectbook, atiming for 1:3 with partials and trailing
01[11:43] {&Threei}  "textbook, aiming"
[11:43] {drewj} ok
[11:44] {Alexs} target is "fair share" always
01[11:44] {&Threei}  hehe
01[11:44] {&Threei}  dino, we created monster
[11:45] {Alexs} I'm progresive objectivist now
01[11:45] {&Threei}  that's what Greenspan thought he was
[11:45] {Alexs} lol
01[11:46] {&Threei}  he had to deal with this internal conflict somehow
[11:46] {nemo} he should have tried a .38
01[11:46] {&Threei}  on one hand, Ayn Rand stutend and follower
01[11:47] {&Threei}  one another, oversaw gold standard demise
01[11:47] {&Threei}  she would have strangled him if she lived to see what he did
[11:48] {dino} pbyi spike
[11:48] {dino} cmrx spike
[11:49] {dino} cmrx sm s .86 ave
[12:00] {ese} am outta here up +.17 with ntap we'll see what happens end of day....cya tomorrow
01[12:00] {&Threei}  take care ese
[12:01] {ese} cya vad
01[12:03] {&Threei}  out on a trail
[12:11] {dino} cov cmrx ave .69, +.19
[12:11] {dino} thin sucker
[12:11] {dino} opps .16
[12:35] {dino} .
01[12:36] {&Threei} Long Setup:  C  .85 break
01[12:36] {&Threei}  If holds  .80
[12:38] {dino} meli spike
01[13:04] {&Threei}  1:1
01[13:04] {&Threei}  (US) Leaders in the House of Reps reportedly prepared to sign on to a stop-gap spending bill to allow the govt to operate through the middle of December**NOTE: 08/26: US Treasury Sec Lew: Confirms mid-Oct timeframe for hitting debt limit; Congress needs to act soon to avoid risk of default, exhausting borrowing capacity could cause disruption to the economy.
[13:07] {drewj} vad what do you do when the price starts to meander like it is now?  Stay in till stop is hit or should I have moved up the stop?
01[13:08] {&Threei}  after 1:1 is hit and first partial is taken, stop is trailed to just under b/e
01[13:08] {&Threei}  so it's at .84 now
[13:09] {drewj} so stop is .84 now?
01[13:09] {&Threei}  right
01[13:10] {&Threei}  during this quiet time scalping often is preferrable
01[13:11] {&Threei}  kind of individual choice
[13:11] {drewj} 1:1?
01[13:11] {&Threei}  yeah
[13:11] {dino} incy spike
[13:11] {drewj} so 1:1 was 5 cents or 10?
01[13:13] {&Threei}  well, formally it's 5 but in practice, since 5 cents profit iis about meaningless unless you are doing scalping type I, we still go for 10, even when stop is 5
01[13:13] {&Threei}  and continue calling it 1:1 for the sake of unification
[13:14] {drewj} so in this case it's .95 right
01[13:14] {&Threei}  would be highly confusing to state: 1:1, but since stop is small, let's take partial at 1:2
01[13:14] {&Threei}  yes, and that's when I posted "1:1"
[13:15] {drewj} so I should automatically get half out always at 1:1 which will be a minimum of .10 cents unless stated as type I scalp?
01[13:15] {&Threei}  if for some reason there is a deviation from SOP, I state it in the room
[13:16] {drewj} standard operating proceedure?
01[13:16] {&Threei}  yes
[13:16] {Alexs} lol
[13:16] {drewj} :)
01[13:16] {&Threei}  for instance,
01[13:16] {&Threei}  sometimes when stop is 5 cents, and stock has troubles with 10 cents, and market klooks unsure,
01[13:17] {&Threei}  I may call taking half at 8 or 9 cents,
01[13:17] {&Threei}  sometimes I call trailing stop half way
01[13:18] {&Threei}  impossible to standartize each and every situation, this is where experience comes to help
01[13:18] {&Threei}  but generally idea is:
[13:18] {drewj} i'm sure
01[13:18] {&Threei}  here is SOP for normal markets/stocks,
01[13:18] {&Threei}  and if I add nothing, just follow it
01[13:19] {&Threei}  If there is a necessity to correct the cvoirse, I will say it
[13:19] {Alexs} and you will happy
01[13:19] {&Threei}  this way we cut down on repetition of standard things
01[13:19] {&Threei}  and free the chat for insultsa, hazing, bad jokes etc
[13:20] {fish_49} lol
01[13:20] {&Threei}  all the things we enjoy so much
[13:20] {drewj} my god is that the truth...
[13:20] {drewj} i've got no problem fighting it out though:)
01[13:20] {&Threei}  you know... having nemo for a friend you start underatdning the practicality of advice:
01[13:20] {&Threei}  keep your friends close and your enemies in the trunk
[13:21] {drewj} this is going to be good.
[13:21] {drewj} ha ha...
[13:21] {drewj} or coffin
[13:21] {Will49} don't laugh at your own jokes though
01[13:21] {&Threei}  well
[13:21] {drewj} it's a good thing he's far away from all the people in the room
[13:21] {Will49} that's not SOP
01[13:21] {&Threei}  whzt can I do if I find them funny
01[13:22] {&Threei}  and no one else does
[13:22] {Will49} I won't let you down Vad
[13:22] {drewj} i agree.  i'm my best audience.
[13:22] {fish_49} so for an example  Long XYZ break of .40  if stays above .30  your buying at .41 and your stop (Sell Order) is placed at .29. You then ride it up and sell half at 1:1  which would be .50.  then move stop to just under break even.  Ride it up until 3:1 or stopped out.  After trade finishe  then you must give half earnings  to Alex   It's the rule
01[13:22] {&Threei}  yes Will, but I had to endure two months of your vacation...
[13:22] {Will49} :)
01[13:23] {&Threei}  you got it fish
[13:23] {drewj} I should have taken 1:1 on C.  I got stopped out and now it's running up/
01[13:23] {&Threei}  have you taken half?
[13:23] {drewj} I took it all off when it printed .84
01[13:24] {&Threei}  I mean half at 1:1
01[13:24] {&Threei}  .95
[13:24] {drewj} I missed 1:1.
[13:24] {drewj} No
01[13:24] {&Threei}  why not just lay out order?
[13:24] {fish_49} Drew  what platform are you trading on?
01[13:24] {&Threei}  let them taker you out, collect ECN rebate
[13:24] {drewj} That's what i was asking you about before.
01[13:24] {&Threei}  cut dopwn on your commissions
01[13:24] {&Threei}  no, you asked on an entry
01[13:25] {&Threei}  this is very different
[13:25] {drewj} EH?
01[13:25] {&Threei}  entry requires trigger
[13:25] {drewj} I'm trying to work out the rules.
[13:26] {drewj} So if you make a call and it triggers then I can enter a limit order at 1:1 for half of the lot?
[13:26] {drewj} right
[13:26] {drewj} ?
[13:26] {fish_49} you got it
[13:26] {drewj} thanks fish
01[13:26] {&Threei}  to exit? yes
01[13:27] {&Threei}  there are still details to it but let's do it step by step
[13:27] {drewj} so can I also enter a second order to sell at the stop price...having both orders in at the same time?
[13:27] {fish_49} There are only 2 reasons  to scalp.  1= when vad calls the call his voice shakes and 2: if your account is nearing the 25K limit and you need to build it back up slowly
01[13:28] {&Threei}  unless you are with cc9, and 25K is not your problem
[13:28] {drewj} 25K is not a problem
01[13:28] {&Threei}  I wouldn't do it this way drew
[13:28] {drewj} ok
01[13:28] {&Threei}  I hate automated stops
[13:28] {fish_49} well then just scalp when Vads voice is squeaks as he makes the call
01[13:28] {&Threei}  also, how do you know trade won't be stopped in full?
[13:29] {drewj} i can't hear the squeeks...
01[13:29] {&Threei}  your half and half orders will only make you sell second half ina hurry then
[13:29] {drewj} i don't know
[13:29] {drewj} right.  It's too complicated.
[13:29] {fish_49} Drew  may I ask?
[13:29] {drewj} soot
[13:29] {drewj} shoot
[13:29] {fish_49} did you review a video Vad made?  called lunch money?
[13:30] {fish_49} it's shows a good example if you don't want to use hard stops
[13:30] {drewj} I could...I saw it but it's been a while
[13:31] {drewj} I want to follow vad's rules as closely as possible.  I'm just trying to get them worked out.
[13:31] {Alexs} is it video how to make money having a lunch?
01[13:31] {&Threei}  OK, it was very difficult for me not to say "you and me both" but I did it
[13:32] {drewj} are you laughing at your own joke vad?
01[13:32] {&Threei}  press briefing by WH is coming
01[13:32] {&Threei}  I so am... but I won't admit it
[13:33] {drewj} It's so easy to say all these things from behind a computer screen...eh?
[13:33] {drewj} It is fun though.
[13:33] {fish_49} In My Humble Opinion, no good reason to hold a position over night for the next couple nights
[13:33] {Will49} how about the next 365 nights?
01[13:33] {&Threei}  imo, that goes for about 364 days a year
[13:34] {fish_49} 9/11 coming up  market might get jerky like Vad drinking his first cup of coffee for the day
[13:37] {drewj} vad how do i cut down on commissions like you said?
[13:39] {nemo} as you said
[13:39] {drewj} :)
01[13:39] {&Threei}  if you lay out your order and let others take it out, ECN pays you rebate
01[13:39] {&Threei}  as you add liquidity
[13:39] {nemo} grammar around here is atrocious
01[13:40] {&Threei}  if you hit domeone's order, you remove liquidity, thus you oay ECN fee
[13:40] {nemo} basically limit orders that are not at the BBBO
01[13:40] {&Threei}  mine is impeccable, nemo
01[13:41] {&Threei}  to make it clear, let's me cite an example
[13:41] {Will49} I have to shave mine to keep it impeccable
01[13:41] {&Threei}  stock is quoted 10 x 10.05
[13:41] {drewj} oh no
[13:42] {nemo} took you for a waxer there will
01[13:42] {&Threei}  you want to buy it
[13:42] {drewj} i hear the gutter calling.
[13:42] {Will49} :)
01[13:42] {&Threei}  if you hit 10.05 offer, you remove liquidity
[13:42] {drewj} I'm listening vad
[13:42] {Will49} sorry for the interruption Vad
[13:42] {drewj} so a limit order is concidered adding liquidity.
01[13:42] {&Threei}  if you put in a bid below 10.05, you are trying to entice someone to sell to you, and if someone doesa, you add liquidity
01[13:43] {&Threei}  no
01[13:43] {&Threei}  only limit oder that is below the best offer for buy or above the best bid for sell
[13:43] {drewj} so better than the market.
01[13:43] {&Threei}  to go back to that C example,
01[13:44] {&Threei}  after you biught .85 break and have open long position,
01[13:44] {&Threei}  if you go ahead and enter sell order at .95, you add liquidity
01[13:44] {&Threei}  Now, if stock vomes to .95,
01[13:44] {&Threei}  comes
01[13:44] {&Threei}  pauses and starts retreating
01[13:44] {&Threei}  and you are not sure of it so you have to hit the bid at let's say .93
01[13:45] {&Threei}  you remove liquidity
01[13:45] {&Threei}  and oay ECN fee, unlike in case of being taken out at .95 where you waited for buyers
01[13:45] {&Threei}  follow me?
[13:46] {drewj} yes
01[13:46] {&Threei}  cool... this is it :)
[13:46] {drewj} does this work for short postitions as well?
01[13:46] {&Threei}  of course
01[13:47] {&Threei}  sell short at 70, put in bid at .90
01[13:47] {&Threei}  soemone sold into your bifd, you got ECN rebate
[13:47] {drewj} not too difficult
01[13:47] {&Threei}  not as a concept
01[13:48] {&Threei}  in practice however...
[13:48] {drewj} it's just something to do when possible.
01[13:48] {&Threei}  you have to remember that when you hit someone's order, you are guaranteed execution as long as there are no competing orders ahead of yours.'
[13:48] {drewj} So are you still in C with a half lot?
01[13:48] {&Threei}  If you lay out your order, no one is obligated to take it out
[13:49] {drewj} So they are trying to smooth things out?
01[13:49] {&Threei}  and you will get your execution only if/when price goes through your linmit
01[13:49] {&Threei}  why would I, it tagged .84
01[13:49] {&Threei}  so I sold second half
[13:49] {drewj} Right
[14:06] {fish_49} done for the day
[14:06] {fish_49} have a great day guys
[14:06] {fish_49} TY  Vad
[14:06] {drewj} me too.
[14:06] {drewj} Thanks guys.
[14:06] {Will49} be good drew
01[14:06] {&Threei}  take care fish, drew
[14:07] {drewj} you to...i'm having fun so far.
[14:08] {nemo} gsk
01[14:10] {&Threei}  (SY) Senate Majority leader Reid: Senate to hold vote on on Syria on Wednesday
01[14:11] {&Threei}  President to meet in closed door sessions on Tuesday ahead of National address
[14:15] {+cc_9} GSK
[14:15] {+cc_9} nvm, nemo is on it
[14:15] {nemo} yeah, what's the news?
[14:16] {nemo} guess spy gonna' fill the gap today
01[14:17] {&Threei}  GSK Hearing Morgan Stanley makes cautious comments On Advair FDA draft guidelines
[14:18] {nemo} spy should test 168
[14:20] {nemo} gap and frickin' grind
[14:44] {Will49} see you guys tomorrow
01[14:46] {&Threei}  take care will
[14:51] {nemo} gsk
[14:52] {dino} shld? from the check cashing?
01[14:53] {&Threei}  don't see anything fresh
[14:58] {dino} i can't borrow
[15:06] {dino} damn, it was a hell of a short
01[15:06] {&Threei}  no kidding
[15:06] {dino} could you get it?
01[15:07] {&Threei}  didn't try
[15:07] {dino} can yuo borrow it i mean
[15:07] {dino} you
01[15:07] {&Threei}  ah... yes
[15:07] {dino} ok
[15:07] {nemo} so we should open above 168 tomorrow
[15:17] {nemo} mmhh, looks like spy gonna make another run
01[15:23] {&Threei} Short Setup: GLD  .90 break
01[15:23] {&Threei}  If holds  .95
[15:24] {dino} usu spike
[15:24] {Alexs} gld doesn't look alive
01[15:26] {&Threei}  imagine how nicely it should drop then once balance is tipped :)
[15:26] {nemo} summer volume on spy
[15:28] {Alexs} sounds a bit sadistic Vad
01[15:28] {&Threei}  I blame nemo
01[15:29] {&Threei}  I suggest you do too... makes life so much easier
[15:29] {nemo} henpecked husband
01[15:29] {&Threei}  "what do you mean I sped over limit officer? it's nemo's fault of course"
[15:30] {nemo} next thing you know he'll start blaming his shitty grammar on me
01[15:30] {&Threei}  start?
01[15:30] {&Threei}  I do it for years
[15:30] {nemo} ahhhh....behind my back you svena
01[15:30] {&Threei}  why
01[15:30] {&Threei}  I told you
[15:30] {nemo} what why?
[15:30] {nemo} when?
[15:31] {nemo} surely you jest
01[15:31] {&Threei}  and hey... if I forgot, it's your fault
01[15:31] {&Threei}  see how easy it is?
[15:31] {Alexs} :)
[15:31] {nemo} frickin' fair share piles in
[15:32] {nemo} fb bounce time
01[15:32] {&Threei}  come on GLD
01[15:32] {&Threei}  it's time
[15:46] {nemo} I suppose it's my fault if the trade doesn't work
01[15:47] {&Threei}  whose else?
[15:47] {dino} lol
01[15:49] {&Threei}  also, to be totally clear... if it does, who do you think gets the credit?
[15:49] {nemo} your wife
[15:49] {Alexs} lol
01[15:49] {&Threei}  wrong
[15:50] {nemo} if youknow what's good for you
01[15:50] {&Threei}  I just keep the credit and never tell her it was there
[15:50] {Alexs} nice :)
01[15:58] {&Threei}  time's running out
01[15:58] {&Threei}  closing with little profit
01[15:58] {&Threei}  saved by the bell
01[15:58] {&Threei}  have a great evening guys, see you tomorrow
[15:58] {dino} gn
[15:59] {Alexs} gn

Friday, September 6, 2013

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Tinker, Taper, Soldier, Spy



- Syria, August non-farm payrolls and more Fed taper talk made for fast-moving markets in the first week of September. Despite the plethora of dire-sounding headlines, equity markets maintained a steady risk-on tone even as expectations for a Fed taper remained more or less intact. Bond yields continued their march higher, as the German 10-year bund nearly topped 2.0% (last tested back in March 2012) and the 10-year UST yield touched 3% for first time since July 2011. The subpar US August jobs report restrained things a bit on Friday. On the bright side, the UK accomplished an economic data trifecta with its August PMI readings: manufacturing, services and construction PMIs all exceeded market expectations and pushed out to multi-year highs. China final August manufacturing PMIs - both the official and HSBC figures - are now in expansion territory (but just barely, at 51 and 50.1, respectively) and every component of the official measure rose from July levels. World leaders gathered in St. Petersburg for the G20 conference, however their talks were overshadowed by the battle of wills between Vladimir Putin and Barak Obama over the Syria situation. Obama used the summit as a platform to make his case for a military strike on the Assad regime, getting tentative support from about half of the G20, but also had to dedicate time to assuring other leaders about the NSA-spying scandal. For the week, the DJIA snapped a month-long losing streak to gain 0.8%, the S&P500 added 1.4% and the Nasdaq rose 2%.

- The August jobs report was not terribly positive, but does not appear to be bad enough to derail expectations for the Fed to begin tapering bond purchases at the September FOMC meeting. The non-farm measure missed expectations (+169K v +180Ke) and the back-month revision to the July data was severe (to +104K from +162K). Despite the revisions, the US has averaged 183K jobs added per month over the past year, and this report does not change the trajectory of slow, steady job growth. The unemployment rate fell to 7.3% from 7.4%, a four and a half year low, but for all the wrong reasons. Unemployment unexpectedly fell again because the labor force participation rate dropped another two-tenths of a percent to 63.2%, its lowest level since August 1978.

- Taken with other recent data that was more positive, the jobs numbers left most analysts saying tapering is still on track, but has led many to speculate that the Fed could tinker with forward guidance to offset the impact of tapering. After the data Goldman Sachs Chief Economist Hatzius said growth is good enough to keep the taper on track for this month at perhaps $20B, though the jobs numbers could lead the Fed to attempt a "dovish taper" by reinforcing forward guidance or lowering the initial size of the QE cutbacks. PIMCO's Bill Gross maintained the Fed will still taper despite the payrolls miss, perhaps on the order of $10B initially. Friday afternoon, the Fed's chief dissenter Ester George said she would like to see a gradual taper, starting with a $15B reduction to a monthly rate of $70B.

- Syria news buffeted energy and commodity markets. With the UN Security Council authorization blocked and the UK parliament voting down British participation in any attack, President Obama delayed military action against Syria to seek Congressional approval. Energy and commodity prices initially traded lower on the news, with WTI crude briefly dropping below $105 after lunging above $112 in the prior week. Obama and Putin traded barbs all week, culminating in the Russian President promising to continue support for Syria even in the event of a western attack. WTI crude closed out the week around $110.

- Apple confirmed it will hold its big iPhone 5S/5C rollout next Tuesday and markets continue to digest various rumors and speculation about what exactly Apple has up its sleeve. On the device side, it is clear that there will be an updated iPhone 5S and a new range of lower-cost devices oriented toward emerging markets ('5C'). Rumors suggested that there may be a fingerprint sensor integrated into the new models as a new security feature. On the business side, traders were intrigued by reports of a special event for journalist in Beijing on Sept 11th. Speculation was that the event would launch the iPhone on the massive China Mobile network, although later reports suggested it would simply be a rebroadcast of the US launch. China Mobile later confirmed it was in talks with Apple to carry the next iPhone but that no official agreement had been reached. Apple rival Samsung had its own product launch this week, rolling out a new iteration of its lead smartphone as well as a "smart watch" called Galaxy Gear. Almost simultaneously Qualcomm threw its hat into the device market with a preview of its own smart watch dubbed Toq.

- Shares of DRAM manufactures, most notably Micron and SanDisk, moved higher on Wednesday on reports of a fire at a major plant owned by competitor Hynix Semiconductor. Hynix later said that the fire did not damage any clean rooms at the fab while analysts suggested it might take up to a month to get the plant back on line. DRAMeXchange said the price of DRAM jumped 19% in the wake of the fire, the biggest increase in three years.

- Car makers reported their best sales data in years. August auto sales rose by double digits, with both Ford and GM topping year-ago levels. Toyota's sales gain of +23% y/y led the pack, followed closely by Nissan's 22% y/y gain. The overall industry annual sales pace (SAAR) for August beat expectations handily and topped 16M for the first time since 2007. Ford lost some ground on Friday after reports that CEO Mulally could step down early, perhaps to take a highly visible post at another Fortune 500 firm, though he quickly responded that he intends to stay at least through next year.

- The biggest merger deal in recent memory hit the tape this week: after extended negotiations, Verizon reached a deal to acquire Vodafone's 45% interest in Verizon Wireless for $130B in cash and stock. Consolidation in the telecom industry did not stop there and hours later Microsoft announced it would pay more than $7B to purchase Nokia's smartphone business. As part of the transaction, Nokia is assigning to Microsoft its long-term patent licensing agreement with Qualcomm.

- The possibility of tapering this month continues to send shockwaves through global FX markets. Emerging market currencies remain in a bad way, but at least a few were off their worst levels this week. Both the Indian Rupee and Brazilian Real were a bit firmer than the lows seen over recent weeks, although the Turkish Lira continues to plumb all-time lows against the greenback. After dropping to the lower end of its August trading range late last week, EUR/USD dropped to within striking distance of 1.3100 after Draghi said the ECB discussed rate cuts at its policy meeting on Thursday. Analysts called the comment surprising given the recent streak of (slightly) better-than-expected European data out since the July meeting.

- The BoJ's Kuroda pushed the government to not postpone its planned tax hike for fear of a possible tumble in government bonds, using the rate decision press conference to warn the government it risks losing market confidence. Both the government and the BoJ would be in a tight spot if bond prices plunged and interest rates surged. Additionally, the BoJ raised its economic assessment for September for the first time in two months. USD/JPY hit six-week highs above the 110 level.



TradeTheNews

Sept 06 2013

Nice end to the week, with somewhat of a roller-coaster day as market got roiled by morning numbers and Syria-related remarks. Still, squeezed out a few nice plays that overcame tight stops, and finished with nice 1:2  GLD long on last minutes. Good day to stay calm, disciplined and trade by the book.

Session Time: Fri Sep 06 00:00:00 2013

[09:00] {nemo} Bad News is good news Bull Market
[09:01] {nemo} actually spy is starting to set up short here, see if it holds the trend line
01[09:01] {&Threei}  initial reaction was sharp drop
01[09:01] {&Threei}  and gold sharp spike
01[09:02] {&Threei}  SPY recovered quickly
01[09:02] {&Threei}  gold started retreating slowly
[09:02] {nemo} .10 drop followed by .50 run higher, return to support, and grind up   -to be exact
01[09:02] {&Threei}  actually, much more than that
01[09:03] {&Threei}  tail disappeared now but it was way deeper
[09:03] {nemo} I'm talking SPY
01[09:03] {&Threei}  so am I
01[09:03] {&Threei}  you haven't watched it real time, you haven't seen it
[09:03] {nemo} that was stop hunt...amazing how you can break BBOs
[09:03] {nemo} yeah, I saw it
01[09:03] {&Threei}  then you know it wasn't 10 vcents
[09:03] {nemo} no
[09:03] {nemo} but that was orchestrated
01[09:03] {&Threei}  so you just want to be difficult
[09:04] {RonS} gm...welcome to the wrestling match...
01[09:04] {&Threei}  ron :)
[09:04] {nemo} no, but I see it enough to know it's a premarket manipulation to try and trigger stops
01[09:04] {&Threei}  wrestling? I just show my appreciation for nemo
01[09:04] {&Threei}  if he is not difficult, my world comes down crashing
[09:05] {nemo} comes crashing down
[09:05] {nemo} sheesh
[09:05] {nemo} get the idiom right
01[09:05] {&Threei}  see what I mean?
[09:05] {nemo} predictable-aren't I
01[09:05] {&Threei}  told you, I spoke Yoda before Yoda spoke Yoda
[09:06] {nemo} mmmhhhhh, bunny doing her roadrunner act
[09:06] {nemo} you been training traders for 900 years?
01[09:06] {&Threei}  I spoke Yoda before I was training traders
[09:07] {nemo} think the tribesmen are taking today off?
01[09:07] {&Threei}  who?
[09:07] {nemo} Jews
01[09:08] {&Threei}  I think so
[09:08] {nemo} another low volume day
01[09:09] {&Threei}  (SY) Russia Kremlin Aide: Obama and Putin spoke briefly on the sidelines of the G20 conference, however they are no closer on their mutual positions regarding Syria
01[09:09] {&Threei}  I can imagine that conversation
01[09:09] {&Threei}  O: umm, hi
01[09:10] {&Threei}  P: huh? oh, OK, hi
01[09:10] {&Threei}  O: so...
01[09:10] {&Threei}  P: I don't think so
01[09:10] {&Threei}  O: thought so
[09:10] {nemo} Yeah, bye the way Velody, Robert Kraft wanted me to ask about that Superbowl Ring
01[09:10] {&Threei}  P: see ya
[09:11] {RonS} O: how 'bout them Broncos?
[09:11] {RonS} P:  busted one last night...
01[09:11] {&Threei}  P: I disagree
[09:12] {nemo} Pains me to watch Wes Welker playing for another team
[09:12] {nemo} tough as they come
[09:12] {dino} lol nemo
[09:14] {nemo} man, when he first came to New England, his moves off the line left his coverage standing there with there thumbs up their asses
[09:14] {nemo} their
[09:15] {Will49} gm
01[09:15] {&Threei}  and this guy notices my errors?
01[09:15] {&Threei}  will :)
01[09:16] {&Threei}  people who use their/there/they're interchangeably should be taken out and shot
[09:17] {Will49} maybe this is the texting crowd in action
[09:17] {Will49} simplify everything
01[09:18] {&Threei}  u r 2 kind 2 nemo
[09:18] {Will49} not making excuses...just sayin'
[09:21] {nemo} I'm challenged homonystically
01[09:22] {&Threei}  not touching that one with 10 ft pole
01[09:22] {&Threei}  but lol
[09:23] {Will49} homo-nystically=challenged by same sex
[09:24] {robbers} The women must love that 10 ft. pole.
[09:24] {Will49} lol
[09:24] {RonS} lol
06[09:24] * &Threei is backing away slowly
[09:24] {nemo} homonym=similar sounding gutterbrains
[09:24] {Will49} you have to back away from a ten foot pole Vad
[09:24] {Alexs} gm
01[09:25] {&Threei}  alex :)
01[09:25] {&Threei}  missed great day yesterday
[09:25] {Alexs} (
01[09:25] {&Threei}  and we decided to make sure you let you know
01[09:25] {&Threei}  or with it, will
[09:25] {cipher} gm
01[09:25] {&Threei}  cipher :)
[09:26] {bbobr} gm
01[09:26] {&Threei}  bbobr :)
[09:27] {ese} morning
01[09:27] {&Threei}  ese :)
[09:28] {ese} ya know....the wall street journal is an interesting read in the morning......have never really done that
[09:28] {nemo} Would think you more of a Mother Jones or Utne kinda' guy
[09:28] {ese} lol
[09:28] {dino} lol
[09:29] {ese} touche
01[09:31] {&Threei} Short Setup: GDX  .95 break
01[09:31] {&Threei}  If holds  .05 
01[09:33] {&Threei}  Invalidated  
01[09:34] {&Threei} Short Setup: GDX  .28 break
01[09:34] {&Threei}  If holds  .10 
[09:35] {ese} out rax .42 +.38 out sdrl .11 +.11 held from yesterday
01[09:35] {&Threei}  wtg
[09:36] {ese} tks...good way to start the day
01[09:36] {&Threei}  1:1
[09:37] {dino} gj ese
[09:38] {+cc_9} good late morning
01[09:38] {&Threei}  cc9 :)
[09:40] {dino} coo drop
01[09:41] {&Threei} Long Setup:  C  .75 break
01[09:41] {&Threei}  Invalidated  
01[09:42] {&Threei} Long Setup:  C  .60 break
01[09:42] {&Threei}  If holds  .54 
01[09:43] {&Threei}  meh
[09:44] {ese} what the heck is the market unhappy about now.....spyders in free fall almost
[09:45] {dino} coo sm l .25
01[09:45] {&Threei} Long Setup:  JPM  .70 break
[09:45] {+cc_9} SPY, now that is fear
01[09:45] {&Threei}  If holds  .65 
[09:46] {nemo} Putin to back SYRIA in any attack
01[09:46] {&Threei}  meh
[09:46] {ese} ok ..... that should do it
01[09:46] {&Threei}  bottom is very close
01[09:47] {&Threei} Long Setup:  C  .10 break
01[09:47] {&Threei}  late
01[09:47] {&Threei}  (%#(&^
[09:48] {ese} nice call though
01[09:48] {&Threei}  (SY) Russia President Putin: Russia will help Syria if strikes are launched by the west; Russia is already providing Syria with arms
[09:49] {+cc_9} mean bounce IWM
01[09:49] {&Threei}  you should hear Putin's remarks in Russian...
[09:49] {dino} wouldn't help me
[09:49] {dino} i don't speak russian
01[09:50] {&Threei}  to say that he has very little respect for O and USA would be understatement of the century
01[09:50] {&Threei} Long Setup:  JPM  .60 break
01[09:50] {&Threei}  If holds  .50 
[09:50] {dino} i believe that. o has come off as the bleeding heart liberal
[09:50] {nemo} he's a tough SOB
[09:50] {fish_49} hold that thought Vad  hope you can translate  later
[09:53] {+cc_9} http://www.bloomberg.com/tv/
[09:53] {nemo} financial porn?
[09:53] {+cc_9} Obama speaking, lets see how market reacts.
[09:54] {nemo} wouldn't think there's anything he can say right now other than maybe he let Vlady bend him over
01[09:55] {&Threei}  stop to .54
01[09:55] {&Threei}  1 cent to 1:1
[09:56] {drewj} Hello Vad
01[09:56] {&Threei}  hi drew
[09:57] {drewj} Been a while
[09:57] {+cc_9} I want to see a mean reversal on SPY
01[09:57] {&Threei}  welcome to the room
01[09:57] {&Threei}  here it goes, cc
01[09:57] {&Threei}  or not
[09:57] {drewj} thanks
01[09:58] {&Threei}  out JPM
01[09:58] {&Threei}  not delighted
[09:58] {drewj} can i change the settings so that I can hear a sound when you post something?
01[09:59] {&Threei}  if you use mirc, yes
01[09:59] {&Threei}  mibbit, no
[09:59] {+cc_9} SPY needs 165.50 bid and the algos start pushing
[09:59] {dino} conn more blood today
[10:00] {drewj} how can I log in with mirc?
[10:00] {+cc_9} IWM fresh lows, ahead of SPY
01[10:01] {&Threei}  http://www.realitytrader.com/tradingroom/, scroll down to TRADING ROOM LOGIN, p.2
[10:03] {+cc_9} $2.00 dump on SPY since the start of this sell-off
[10:04] {nemo} nobody going long into the weekend after what Putin said, he gonna' make Barry his bitch
[10:04] {+cc_9} Getting long SPY here
[10:04] {+cc_9} 164.70
[10:04] {nemo} this is the weekly pivot
[10:05] {nemo} 164.67
[10:06] {+cc_9} So far so good
01[10:06] {&Threei}  (SY) US President Obama: Would prefer to work on the Syria issue with the security council but does not see that as likely at this time; most G20 nations agreed that Assad was responsible for the Aug 21 chemical attack- Will speak to the US public regarding Syria on Tuesday
01[10:06] {&Threei}  so, nothing happens till Wed
[10:06] {drewj} is mirc a desktop program?
[10:06] {nemo} yep
01[10:06] {&Threei} Long Setup:  C  .10 break
01[10:06] {&Threei}  If holds  49 
01[10:07] {&Threei}  yes
[10:07] {+cc_9} SPY through 165
[10:07] {+cc_9} So far so good.
01[10:07] {&Threei}  1:1
[10:08] {+cc_9} I don't think we see a 3rd leg down
[10:09] {+cc_9} i think we see slight consolidation here and a test of 165.50 again
[10:09] {drewj} where is it for download?
[10:09] {nemo} we only get to S4 10% of the time that's 164.39
01[10:09] {&Threei}  same p.2... www.mirc.com
01[10:10] {&Threei}  1:2
[10:11] {+cc_9} Ok, ere comes the leg up 
01[10:11] {&Threei}  will try for 1:4
[10:11] {nemo} here's today's spy structure: http://bit.ly/1dZ57di
[10:12] {+cc_9} Out half SPY 165.15 +$0.45
[10:12] {+cc_9} Rest im thinking we see north of 165.50
[10:14] {ese} nice cc
06[10:14] * &Threei slaps cc_9 around a bit with a large roll of cash
[10:14] {+cc_9} lol :D
[10:15] {drewj} what is the channel name?
[10:15] {nemo} hey drew, relax for now intense action save it for quiet time
01[10:15] {&Threei}  ?
01[10:16] {&Threei}  just use cpnfigurator, it will do everything for you
01[10:16] {&Threei}  1:3
01[10:16] {&Threei}  finally nailed the bastard
[10:16] {+cc_9} BOOOOOOOOOOM
[10:16] {+cc_9} all out
[10:17] {+cc_9} Not gona play the sucker's wall game.
[10:18] {+cc_9} full blown reversal, man if we could only get these once a week
[10:18] {dino} htwr sm l .27 ave
[10:18] {nemo} here's 1 min spy: http://bit.ly/1dZ72OQ
[10:18] {dino} conn sm l .00 ave wide
[10:22] {nemo} wow, we're down a whole .52
[10:22] {dino} out conn .55 +.55
[10:22] {RonS} gj
[10:23] {dino} ty
01[10:24] {&Threei}  done with last piece of C
01[10:25] {&Threei}  JPM, missed beautiful kangaroo tail reversal woth .40 trigger
01[10:25] {&Threei}  same 1:3 as C
[10:26] {fish_49} and now the translation of what putin said?
[10:26] {nemo} called O a pisdah
01[10:26] {&Threei}  lol
[10:26] {+cc_9} There goes SPY } $165.50 :D
[10:27] {fish_49} as long as it was not the N word we are ok
[10:27] {ese} L rax .31
01[10:28] {&Threei}  hard to translate, really... derisive despise
01[10:28] {&Threei}  scornful
01[10:28] {&Threei}  with tongue in cheeck add-ons like:
[10:28] {RonS} schwartza?
01[10:28] {&Threei}  "how do I say it softly, not to say what I really think"
[10:28] {nemo} Schwarzer
[10:29] {nemo} Kannst du nicht Deutsch sprechen?
[10:29] {RonS} nope only Yiddish
[10:30] {nemo} gleichsprache, nur die aussprache sind verschieden
01[10:30] {&Threei}  he speaks very colloquially, so these things are not really easy to translate
01[10:31] {&Threei}  his characterization of Snowden a while ago for instance:
[10:31] {+cc_9} IWM dumped harder and bounced more than SPY
[10:31] {+cc_9} IWM hit its yesterday's closing price already.
01[10:31] {&Threei}  he is useless, it's like to sheer a piglet - a lot of squeal, not much wool
[10:32] {fish_49} hahaha
01[10:37] {&Threei} Short Setup: GLD  .10 break
01[10:37] {&Threei}  If holds  .20 
[10:39] {nemo} oil names strong
[10:39] {RonS} hommies too
01[10:41] {&Threei}  1:1
[10:41] {fish_49} out thanks Vad
01[10:41] {&Threei}  :)
01[10:42] {&Threei}  alex... how's fair share extraction going?
[10:42] {nemo} spy likely going back to 166.50 that's the 50 day
[10:42] {nemo} IWM 50 day at 102.32
[10:43] {nemo} bull market
[10:44] {Alexs} not as fast as I wish
[10:45] {dino} wwww spike
[10:45] {dino} out htwr .77, +.50
01[10:45] {&Threei}  1:2
01[10:45] {&Threei}  life brightens by minute
[10:45] {Alexs} better now
01[10:45] {&Threei}  :)
[10:46] {fish_49} Mr O done speaking
[10:46] {fish_49} market rallies
[10:46] {fish_49} market's rally
[10:47] {fish_49} the lady who was translating for putin needs some help.  Vad could have done better
[10:47] {fish_49} lol
[10:47] {nemo} not one red stock on the algo: http://bit.ly/1dZdQfB
01[10:47] {&Threei}  Obama will delay appointing a new Fed chairman until Syria is resolved
01[10:48] {&Threei}  uh oh
[10:48] {+cc_9} boy oh boy...lookit SPY reversal
01[10:48] {&Threei}  Ben will never retire
[10:48] {dino} syria will not be resolved for years
[10:48] {nemo} 166.50 likely target
[10:48] {RonS} 800 year tenure...
[10:49] {dino} conn drop
01[10:49] {&Threei}  lol
[10:49] {dino} conn sm l .50
01[10:49] {&Threei}  Ben is having 7 years itch that he hoped to resolve by 7 years in Tibet
01[10:50] {&Threei}  might be a little while longer... by another 5 or so
[10:51] {dino} stop conn .20 -.30
[10:51] {fish_49} itching for 7 years?  That's a nasty rash
[10:51] {dino} xgti spike
01[10:55] {&Threei} Long Setup:  CAT  .30 break hl
01[10:55] {&Threei}  If holds  .20 
01[10:56] {&Threei}  1:1
[10:56] {fish_49} missed it
[10:56] {Will49} me too
01[10:57] {&Threei}  anyone caught it?
[10:58] {Alexs} :)
[10:58] {Alexs} how could i miss my fair share
01[10:58] {&Threei}  really
[10:59] {fish_49} Alex caught it?  good job
01[10:59] {&Threei}  now spread the wealth, will ya?
01[10:59] {&Threei}  1:2
[10:59] {fish_49} there should be a rule  Alex shares all profits
[11:00] {fish_49} rdistribute his wealth
[11:00] {Alexs} who is John Galt
[11:00] {fish_49} Dow back in positive territory
01[11:01] {&Threei}  1:3 close enough, over and out
[11:02] {dino} conn gap fill
[11:02] {dino} sm l .42
[11:04] {dino} out conn .75, +.32
[11:04] {ese} it's children and kids for christ sakes!!!!!!! Somebody needs to do frickin do something in Syria......end of friggin argument......forceful statement from a teacher!!!
[11:04] {+cc_9} SPY, i cannot look anymore
[11:04] {RonS} conn daily s3 at 52.70...hard to tell what those crazy texans are gonna do...
[11:04] {+cc_9} jesus christ was that an early exit
[11:05] {ese} who gives a crap  about the markets.......it's kids
[11:05] {dino} ese its women and children w/terorists too
[11:05] {ese} had to turn cnbc off give me a break
[11:05] {dino} conn sm l .80
[11:06] {fish_49} Someone needs to ask her  "Who is the Somebody that needs to do something"?
[11:06] {RonS} ese off his meds...
[11:07] {ese} out RAX .72 +,41 on 1500shs......i'm done for the day
[11:07] {Will49} nice ese
[11:07] {fish_49} good job ese  
[11:07] {dino} gj
[11:07] {ese} well i can't do anything other than get peed off............
[11:07] {RonS} hemopilia meds...so bleeding heart run rampant
[11:07] {RonS} so ese?
[11:07] {Will49} ouch
[11:08] {ese} outta here cya monday.....
[11:08] {fish_49} bye ese
[11:08] {RonS} whare have you been fro the past 2 years?  started in '11...guns and bombs better killer than chems?
[11:09] {RonS} ese off to brainwash the children...
[11:09] {dino} hell you can shoot 100k and no issues
[11:11] {RonS} really don't get the distinction here...an if you want to talk kids, etc...we would be in every freakin country in Africa...
[11:12] {Will49} if you need an excuse to go to war, what better than pic of dead kids lined up?
[11:12] {Will49} another Gulf of Tonkin in my view
[11:12] {RonS} lol...wow...are you old or what?
[11:13] {Will49} or any of the other dozens of phoney excuses used by politicians over the eaons
[11:13] {Will49} older and hopefully less naive
[11:13] {dino} let the french deal w/it
[11:14] {Will49} i'm good with that :)
[11:14] {dino} conn stop -.30. hit/miss/hit/miss
[11:16] {dino} out coo .48, +2.23
[11:17] {RonS} wtg
[11:17] {Will49} whoa baby!
01[11:17] {&Threei}  wtg
[11:17] {dino} thx, got lucky
[11:18] {Will49} too bad only 100 shares, eh?
[11:18] {Will49} :)
[11:18] {dino} 400
[11:18] {Will49} nice morning congrats
[11:19] {RonS} been thinking you woulda been rolling w/ 500 by now dino...
[11:20] {RonS} on those low vol stocks you still do 400?
[11:21] {RonS} ...if so...gutsy...
[11:23] {dino} 300-400 on them, they are gappy traders, so look for bigger moves w.o rinses
[11:23] {nemo} gonna' start calling dino Kolchak stalking the Rorschach charts
[11:23] {dino} conn sm l .70
[11:25] {drewj} Hey Vad, I got the mirc client set up.
[11:26] {nemo} lucky us
01[11:26] {&Threei}  cool
[11:26] {dino} lol
[11:26] {Alexs} lol
[11:26] {RonS} ...the hazing begins...
[11:26] {nemo} I prefer slow execution
06[11:26] * dino slaps drewj around a bit with a large trout
01[11:27] {&Threei}  rite passage
01[11:27] {&Threei}  lol
[11:27] {+cc_9} I think its safe to say we're ending the week with a punch
[11:28] {nemo} I like getting behind and whacking the 7th cervical
[11:28] {nemo} drop like a stone
[11:28] {drewj} Thanks for the welcome guys...
01[11:29] {&Threei}  get used to it drew, it's only until next new guy appears :)
[11:29] {nemo} guess he doesn't read english
[11:29] {RonS} lol
[11:30] {drewj} I'm only being kind because you can hide behind your computer nemo
[11:30] {nemo} spy walking the 50 day
[11:30] {nemo} you want me to come visit?
[11:30] {drewj} no
[11:30] {nemo} we can trade together
[11:31] {nemo} your IP puts you in California, no?
[11:31] {drewj} do you come on to all the new traders this way?
[11:31] {nemo} I'm having my period
01[11:31] {&Threei}  he is unusualy kind today, drew
[11:31] {RonS} rotflol\
[11:31] {drewj} don't you feel a little emasculated talking like that?
[11:32] {nemo} nah, I've got bunny
[11:32] {Will49} thata boy drew
[11:32] {RonS} killin me...
[11:32] {nemo} c'mon guys, he's no Les
[11:32] {drewj} don't tell me...you're into animals...
[11:32] {nemo} I'm developing my Yin side
[11:32] {nemo} only the ones I can hold down
[11:33] {Will49} go get em drew
[11:33] {drewj} to balance out your yang?
01[11:33] {&Threei}  does it involve any kind of removal?
01[11:33] {&Threei}  yang removal
[11:33] {nemo} now I'm confused
[11:33] {Will49} I'm behind you till your nose bleeds drew
[11:34] {bryl} gmorning
01[11:34] {&Threei}  hi bryl, welcome
[11:34] {nemo} oh jeez, more fresh meat?
01[11:34] {&Threei}  drew... you may have really lucked out
[11:34] {nemo} yeah, we got hair dressing
[11:34] {drewj} watch our bryl...nemo is balancing out his yang
[11:34] {nemo} spy going for the highs
[11:35] {Will49} brylcream, yeah
[11:35] {bryl} ha
[11:35] {nemo} showing our age
[11:35] {Will49} always
[11:35] {Will49} used it on my brushcut in the fifties
01[11:35] {&Threei}  oh boy... I am really scared to publish today's log
[11:35] {nemo} yeah, I'm already into the white hair
01[11:36] {&Threei}  afraid to think what types it may attract
[11:36] {nemo} so just edit it like you always do you communist
[11:36] {Will49} lol
01[11:36] {&Threei}  sigh
[11:36] {RonS} ...was stumbling around walgreens couple wekks ago...was shocked to see Vitalis on the shelf...
[11:36] {fish_49} Someone give Nemo his meds
01[11:37] {&Threei}  he spits them out
[11:37] {bryl} just make sure he doesnt drink the Vitalis
[11:37] {nemo} index shorrts here, but I think it might need one more cycle
[11:37] {Will49} you'll do well here bryl
01[11:37] {&Threei}  hey nemo... new guys are not taking it lying down:)
[11:37] {bryl} good   
[11:38] {nemo} only a matter of time
[11:38] {Will49} maybe one of the newbys is really Les incognito
[11:38] {nemo} everybody is a tough guy when they first step in the ring
01[11:38] {&Threei}  watching CAT for short into bounce
01[11:38] {&Threei}  ideally, if goes above .10
[11:38] {nemo} nah, Les resorts to ad hominem attacks by now
01[11:39] {&Threei}  short on .10 recrossd if stays under .20
[11:39] {Will49} good man Vad..get us focussed again
01[11:43] {&Threei}  no bounce
01[11:46] {&Threei}  - The August jobs report was mostly a bomb, although analysts are working hard to find the positives in the data. The non-farm measure missed expectations and the back-month revision to the July data was severe (to +104K from +162K).
01[11:46] {&Threei}  . PIMCO's Bill Gross said the Fed is still likely to taper despite today's data, perhaps on the order of $10B initially.
[11:47] {Will49} Bureau of BS
01[11:47] {&Threei}  - Syria is the other big subject this morning. With world leaders in St. Petersburg, Russia for the G20, Russia President Putin and Barak Obama have a big stage to air their opposing views of the situation. Just after the open, Putin stated that Russia would help Syria if strikes are launched by the west; later he clarified his remarks by saying Russia would merely continue its current level of support for Syria, but in any case many participants blamed the equity declines into negative territory on his remarks.
01[11:47] {&Threei}  President Obama dodged questions at a press conference about what he would do if Congress voted against military action, saying only that he would address the nation from the White House next Tuesday on the issue
01[11:47] {&Threei}  Obama?? Dodged question?? No way
[11:48] {Will49} he didn't have his teleprompter with him
01[11:56] {&Threei} Short Setup: LVS  .05 break
01[11:58] {&Threei}  If holds  .10 
[11:59] {nemo} .04 the pivot
01[11:59] {&Threei}  it's an aggressive entry for 59 break
01[11:59] {&Threei}  small stop
[12:00] {drewj} where is the stop?
[12:01] {Will49} .11
[12:01] {nemo} here's that next cycle short trigger on fas and spy
[12:02] {drewj} .11 on the bid or ask?
[12:02] {nemo} but spy basically oscillating around the 50 day here
01[12:02] {&Threei}  get out
01[12:03] {&Threei}  condition is: if holds .10. If .10 is broken, stop is hit
[12:03] {drewj} at either the bid or the ask?
01[12:03] {&Threei}  break of resistance means offer at .10 disappeared and prints go above it
[12:03] {drewj} so any print..
01[12:03] {&Threei}  while there is offer at .10, it's resistance
01[12:04] {&Threei}  when there is no more offer at .10, resistance is broken
[12:04] {drewj} ok
[12:04] {dino} conn stop -.35
[12:06] {Alexs} fb short 44?
01[12:07] {&Threei}  nah
[12:10] {drewj} how can i change the sound of a call?
03[12:14] * Looking up Threei user info...
01[12:14] {&Threei}  right click on my name - Ucentral-Highlight
03[12:14] * Looking up Threei user info...
01[12:15] {&Threei}  Edit
01[12:15] {&Threei}  Play Sound button
01[12:15] {&Threei}  and pick the sound which you want, navigating to the place on harddrive where it's located
[12:15] {drewj} got it. thanks 
[12:18] {fish_49} wow Vad very impressive
[12:18] {fish_49} now tell us how to filter out Nemo
[12:19] {nemo} yeah, I loaded a fart sound for Vad myself
[12:19] {nemo} right click on my name go to control}ignore
01[12:20] {&Threei}  before yolu do that, read this little poem nemo wrote
[12:20] {fish_49} huh  say again? Im ignoring u
01[12:20] {&Threei}  https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/45029_425067777605654_1736127792_n.jpg
[12:21] {nemo} I'm not as think as you drunk I am
[12:21] {fish_49} lol
[12:23] {nemo} think I'll clean some guns
[12:24] {fish_49} Can you look down the barrel of mine and check if it's clean?
[12:24] {nemo} after I clear the chamber and disassemble it
[12:24] {fish_49} It should be clean because I cleaned it the last time I shot a rabbit
[12:25] {nemo} buckin' for Les' spot, huh...
[12:25] {fish_49} no  just filling in for him while he is away
[12:25] {fish_49} lool
[12:26] {nemo} actually, have to get the hunting hardware out
[12:26] {fish_49} what do youhunt?
[12:26] {fish_49} any Moose in your area?
[12:26] {nemo} I do get funny looks when I take the SPAs 12 in the field
[12:27] {nemo} can't hunt moose here but a few have been known to loiter about
[12:27] {fish_49} the only long rifle I have is an air pellet gun
[12:27] {nemo} almost hit one once
[12:27] {nemo} what caliber?
[12:28] {nemo} get one of those PCC rifles-can get a pretty big caliber
[12:28] {fish_49} I'm not sure  let me check
[12:28] {fish_49} 22
[12:29] {fish_49} I need to get it looked at  3 times  now misfired  and fired 20 seconds after pulled trigger  almost shot out a window
[12:29] {nemo} what kind?
[12:30] {fish_49} crossman
[12:30] {nemo} you oughta' get one of these: http://bit.ly/17FcLjH
[12:30] {fish_49} with a scope
[12:30] {nemo} do you know the model?
[12:31] {fish_49} that's expensive Vad,  I'm a cheap bastard
[12:31] {nemo} Lewis and Clark took an air rifle on their expedition
[12:31] {fish_49} c8m22np
[12:32] {nemo} nitrogen piston, huh?
[12:32] {fish_49} no
[12:32] {fish_49} just air
[12:32] {nemo} that's what the "np" stands for
[12:33] {nemo} it's actually a Benjamin-Crosman bought them a few years back
[12:33] {fish_49} oh then maybe
[12:33] {fish_49} I just cock it and shoot it  never pay attention to the mechanics
[12:33] {nemo} more than likely the trigger is gunked up, and the spring restricted
[12:33] {fish_49} when you come down to get the monitors  you can fix it
[12:33] {nemo} I would say just spray some brake kleen up in there, but I don't know how much is made out of plastic on these things anymore
[12:34] {fish_49} perhaps  all  since made in china
[12:34] {nemo} nitrogen is much quieter and consistent over a greater range of temperatures
[12:34] {nemo} you have the thumbhole version?
[12:34] {fish_49} I'm impressed with it's quietness and range
[12:34] {fish_49} not sure about the thumb hole
[12:35] {nemo} yeah, that's the nitrogen, then you get a nitrogen gun with a suppressor on it, fun
[12:35] {nemo} Having said that, a regular .22 with subsonics and a quart water bottle affixed to the end of the barrel works better
[12:36] {fish_49} I have thought about that but worried I would shoot a neighbor
[12:36] {fish_49} which might not be a bad idea
[12:36] {nemo} Have you tried various different pellets?
[12:36] {fish_49} Just the pellets that came with it  and a friend gave me some pointed pellets
[12:36] {nemo} that rifle will likely shoot one weight and design the best
[12:37] {fish_49} the pellets I use  to shoot the critters  are nothing special
[12:37] {nemo} I have a Diana-it likes german Kugeln's the best
[12:37] {fish_49} expensive?
[12:37] {nemo} the gun or the pellets?
[12:37] {fish_49} both
[12:38] {nemo} Well, I paid about $300 for the gun in 2002 and the pellets were a little more expensive, but nothing major, point is to find out what shoots best and stick with it
01[12:38] {&Threei} Short Setup: CAT  .80 breeak
01[12:38] {&Threei}  If holds  .90 
[12:39] {Alexs} hl?
01[12:40] {&Threei}  full for me
01[12:40] {&Threei}  take 2/3 if not sure
01[12:41] {&Threei}  action is slow enough for full lot, IMO
[12:41] {Alexs} never sure
01[12:41] {&Threei}  1:1
[12:41] {fish_49} take a full lot Alex and give half to charity
[12:41] {nemo} should go to .40 area
[12:43] {nemo} relative volume coming in iwm and spy
[12:43] {Alexs} hard to be progressive in that room
[12:44] {Alexs} can't share my fair share
[12:45] {nemo} spoken like a true Progressive
[12:45] {fish_49} agree with Nemo  should see .39 or .40
[12:46] {nemo} CAT high was it's 50 day
[12:47] {drewj} Vad do you take a break from the chat room for lunch?
[12:47] {Alexs} lol
[12:47] {nemo} no, he takes a break from us
[12:47] {nemo} more a vodka break
[12:48] {Alexs} he never stops lunch
01[12:48] {&Threei}  for the most part, no... sometimes, when I am extremely sleepy
[12:49] {nemo} not to be confused with consciousness
[12:49] {RonS} conn wants the S3...unreal...
[12:50] {drewj} k
[12:50] {RonS} what's weird is the miss was a short term collections proble...thing is...this is a 50 year old crdit house...it will get fixed
[12:50] {RonS} credit
[12:50] {nemo} that looks destined for the 51.75 area area 
[12:51] {+cc_9} CONN daily trend shows 48-50 zone before possible reversal
[12:51] {+cc_9} for now knife
[12:52] {dino} at some point its a good bounce candidate, but where is the trick
[12:54] {nemo} potential support here, but I'm looking at that doji on 6/28
[12:57] {drewj} dino would you short that with small shares since it has been trending?
[12:59] {nemo} you're shorting in the hole down here and it's on the uptick rule, get the KY out and do some stretching
[12:59] {dino} nope
[12:59] {nemo} that's what I said
[12:59] {dino} i'm contrarian drewj. look for multi-point moves to go against
[13:00] {dino} nemo, thinking s3 or the big 50 magnet
[13:00] {nemo} This one has serious momentum, again that 6/28 doji might be it
[13:00] {drewj} got it
[13:01] {nemo} we're in it's range now
[13:02] {dino} ron, i'm w/your thinking, perhaps some 60 day out calls on it once she settles
[13:02] {drewj} how far back will you look for support?
[13:02] {nemo} 5/28
[13:02] {nemo} 6/28
[13:02] {nemo} look back as far as you have to
[13:02] {dino} i see those nemo
[13:02] {nemo} yeah
[13:03] {dino} after 1 year i don't bother drew
[13:03] {drewj} ok
[13:04] {dino} million ways to trade, find your edge
[13:04] {nemo} conn is easy, you have the hammer back on Jun 24th, which generally conicides with support going back to May, then you have the former resistance late may into early June, then that 1 doji on 6/28, which seems to be where it's found a bottom so far
[13:04] {fish_49} Fish shoots CAT with Pellet gun..  Die CAT  Die
[13:04] {nemo} which is basically the range CC defined
[13:07] {nemo} this might resistance to reshort NOW here
[13:10] {nemo} of course spy regains the 50
[13:10] {nemo} a .40 range since 11
[13:24] {nemo} you go to lunch yet Vad?
01[13:28] {&Threei}  nah
[13:28] {nemo} you go to the bottle yet?
01[13:32] {&Threei}  why would I need to go to it?
[13:32] {nemo} imprecision of language
01[13:33] {&Threei}  weird language yours is
[13:33] {fish_49} It's Friday  what more need do you reason
[13:33] {nemo} that, from the Ukranian yoda
[13:36] {nemo} subtle higher lows abound on the indexes
[13:36] {nemo} but I've got short setups forming again
[13:47] {nemo} http://wapo.st/1dNd1Ft
[13:48] {nemo} spy going for R#?
[13:48] {nemo} R3
[13:49] {nemo} unbelivable, going all the way below S3 and then back
[13:54] {dino} conn sm l .00
[13:56] {dino} no go
[13:57] {dino} maybe
[13:57] {dino} out .93 too high on entry -.07
[13:58] {nemo} classic short behaviour still
[13:58] {dino} higher lows/highs on the daily
[13:58] {nemo} daily?
[13:58] {dino} one day
[13:59] {dino} since 12:45
[13:59] {nemo} I see what you mean, but it can also be viewed as a bear flag, especially because it topped out at a critical moving average.  If it breaks above .40 maybe
[14:00] {dino} reload .00
[14:03] {nemo} keep it tight
[14:04] {nemo} gets above .50 and holds, 55.00 realistic
[14:04] {dino} vwap 55.20
[14:04] {nemo} yep
[14:05] {nemo} support is your entry though
[14:07] {nemo} drops that .10 she's a no good
[14:07] {dino} out .12
[14:08] {nemo} discretion is the better part of valor
[14:08] {dino} as they say, discipline trumps conviction
[14:09] {nemo} yep
[14:10] {dino} wtf
01[14:12] {&Threei} Long Setup:  CAT  84 break
01[14:12] {&Threei}  If holds  .90 
01[14:14] {&Threei}  change to .95 break
01[14:14] {&Threei}  tighter stop
[14:19] {dino} sm l .01
01[14:21] {&Threei}  meh
[14:31] {fish_49} Gonna Run  have a great weekend everyone
[14:31] {fish_49} Thanks Vad
[14:31] {fish_49} Still in my Corn Trade  Hope I never have to take delivery
01[14:32] {&Threei}  take care fish
[14:41] {RonS} so, was this rally off the lows...putin on the Ritz?
[14:41] {nemo} looks like pull intime
[14:41] {nemo} OMFG!
[14:42] {nemo} We're going to have to name an award after Ron
[14:42] {nemo} for the corniest line
[14:43] {drewj} Vad why did you call cat at .95 with so little room to the upside?
01[14:43] {&Threei}  dunno... I like it
01[14:43] {&Threei}  little room?
01[14:43] {&Threei}  why is it little?
01[14:43] {&Threei}  my target was .20
[14:44] {drewj} ok
[14:44] {drewj} but it failed to hit twenty the second time...
01[14:44] {&Threei}  what makes you think there was a little room, as it just pulled back from 84.20
[14:44] {drewj} isn't that more of a double top?
01[14:45] {&Threei}  ummm... sorry, are you judging the call AFTER the fact, already knowing how it developed?
[14:46] {dino} eli sm l .97
01[14:46] {&Threei}  having such benefit, you, I and anyone else can be 100% certain and 100% correct
[14:46] {drewj} so it was more of a range play then
01[14:46] {&Threei}  pullback entry
[14:47] {drewj} i get confused between pullback entries and reversals
01[14:47] {&Threei}  pullback is a retreat from the top withing an uptrend
01[14:48] {&Threei}  reversal is a change of a trend near the bottom
[14:48] {nemo} hey dino?
[14:48] {nemo} might get some short covering in conn coming up
[14:49] {drewj} it's not so much their definitions but how to go about exeuting them
01[14:50] {&Threei}  why don't you just follow the room calls for now... it takes time
[14:50] {dino} out meli .88, +.93
01[14:51] {&Threei}  wtg
[14:51] {dino} sorry that was meli
[14:51] {dino} not eli
[14:52] {RonS} had to go up then on the addition of a leter...thought you meant elli...
[14:52] {drewj} dino do you find that the larger the drop the larger the bounce?
[14:52] {nemo} you're thinking too much
[14:53] {drewj} how so?
[14:53] {nemo} just observe for awhile, and watch what happens
[14:53] {nemo} it can be big bounce, not big bounce, little bounce bigger fall
[14:53] {nemo} can depend on the news and the chart
[14:54] {dino} nothings ever the same drewj
[14:54] {nemo} It's like being married
[14:54] {dino} generally i will not buy a drop (or short a spike) unless i think it has .40+ potential
[14:55] {bbobr} not going to work with 'dead CAT " bounce....lol
[14:55] {drewj} so it's more about timing then
[14:55] {dino} but yuo are new here, so do not trade my picks until you get comfortable and find your edge
[14:56] {dino} everything in life is about timing
[14:56] {drewj} that's why i asked.  you seem to be doing something different.
[14:56] {nemo} not true dino...marriage is ignorance
[14:56] {dino} my "edge". most do not see it
[14:57] {dino} find what works for you (not what works for me...or somebody else)
[14:57] {drewj} i've had a lot more success in practice following the /es
[14:58] {dino} my advice, do what works for you and forget everybody else. there are lots of ways to trade
[14:58] {nemo} then what are you doing here?
[14:59] {drewj} learning from vad
[15:00] {drewj} i said in practice...my paper trades were good.
[15:00] {nemo} my point is, if the es speaks to you, that's where you should be.  A friend of mine sucked at equity trading, but could trade futures real well, that's where he is
[15:00] {dino} w/respect, but paper trades are always good
[15:00] {dino} nemo speaks what i am saying...find "your" edge
[15:01] {nemo} yep
[15:01] {nemo} I see some of Vad's trades, but not all of them
[15:01] {drewj} actually what has been working for me on paper is to follow the es and the broader market and actually trade tna and tza
[15:01] {nemo} Dino...frickin trades like a ...a...a...I have no idea, but I've watched him do it for 5 years, and every once in a while we converge
[15:01] {dino} then work that w/money. start small...
[15:02] {dino} cipher sees what i see
[15:03] {nemo} well, that's good then the es is related to the indexes iwm=tna/tza  spy=sso/sds  iyf=fas/faz gdx=nugt/dust
[15:04] {Alexs} what is es guys?
[15:04] {drewj} i think that it's because i can go away from the computer and come back and still pick up on what's going on.
[15:04] {nemo} imo, write down your questions, don't ask them.  Take a screen shot of the stock in question, then after the market closes take your screen shot along with longer time frame charts, and see if you can come up with an answer
[15:04] {drewj} es=spy futures
[15:05] {nemo} right, but remember the discussion dino, I and CC9 were having about conn?
[15:05] {Alexs} thanks drewj
[15:05] {nemo} You have to be fluent in the language and that comes from screentime when the market closes
[15:06] {drewj} is that like a self quiz nemo?  to see if i can teach myself or something?
[15:06] {nemo} I cannot tell you how many hours I've spent outside of market hours looking at charts
[15:06] {nemo} Yes, you can't be given a fish, you have to fish
[15:07] {nemo} there's no subtitute for it
[15:07] {nemo} You know who Branford Marsalis is?
[15:07] {drewj} musician right
[15:08] {nemo} yep...and he said "structure is art"
[15:08] {nemo} You have to learn the abc's and wrestle with them yourself to eventually become an artist, to find your edge
[15:08] {drewj} you're saying to learn the structure from reading charts after the market is over.
[15:08] {nemo} You have to learn the structures before your intuition starts speaking to you
[15:09] {nemo} charts, candles, structures, volume, whatever instruments speak to you
[15:09] {drewj} well the es sure does...i'm going to start there
[15:09] {nemo} Frankly, the questions you ask confuse you.
[15:10] {bbobr} Vad, would you short CAT now ?]
[15:10] {nemo} Spend time with structure
[15:10] {drewj} that was funny nemo...
[15:10] {+cc_9} HFC if anyone wants something to watch EOD
[15:11] {dino} don't overthink things. stocks trade, thats what they do, however somethimes they trade odd
[15:11] {nemo} 43.50 traget?
[15:11] {drewj} ok
[15:11] {drewj} i've got to go get my kids from school.  have a good weekend all
01[15:12] {&Threei}  .80 break was valid setup
[15:12] {dino} no reason for it, it just happens. remember this; "anything can happen". ask ask yourself this; "what di i believe that isn't true?"
[15:13] {bbobr} yes i took it
[15:13] {drewj} i'll think about that over the weekend.
[15:13] {nemo} btw...questions are confusing...learning to ask the right questions is a big deal
01[15:13] {&Threei}  very nice bbobr
01[15:14] {&Threei}  starting seeing them :)
[15:14] {bbobr} thanks
[15:14] {dino} conn lod
[15:14] {nemo} spy topped out at daily R3 to the penny
[15:14] {drewj} i'm betting that i really need to take a step toward trading independance
[15:14] {bbobr} how about gdx short /
[15:15] {drewj} thanks guys
[15:15] {dino} np & gl
[15:15] {drewj} bye
01[15:15] {&Threei}  GDX, no
01[15:15] {&Threei}  take care drew
[15:15] {nemo} yeah, already back to the middle
[15:18] {dino} conn sm l .05
[15:19] {dino} stop is brk lod
[15:19] {nemo} it's smack in the middle of that doji
[15:23] {dino} out conn .37, +.32
01[15:26] {&Threei} Short Setup: FB  44 break
01[15:26] {&Threei}  If holds  .10 
01[15:29] {&Threei}  Invalidated  
01[15:30] {&Threei} Long Setup:  GLD  .05 break
01[15:30] {&Threei}  If holds  134 
01[15:33] {&Threei}  1:1
01[15:34] {&Threei}  1:2 close enough
01[15:34] {&Threei}  stop .09
[15:34] {goinshort} nice T !!!
01[15:35] {&Threei}  good finish
01[15:35] {&Threei}  like to leave for the weekend on a good note
[15:39] {Alexs} you still keep hl Vad?
01[15:39] {&Threei}  1/4
01[15:39] {&Threei}  dumped 1/4 more at .23
[15:40] {Alexs} k
01[15:46] {&Threei}  well GLD
01[15:46] {&Threei}  give us final spike
01[15:47] {&Threei}  stop to .14
[15:49] {nemo} sheesh, spy back to pivot/vwap
[15:49] {nemo} frickin' conspiracy
[15:50] {Alexs} c short .30?
[15:51] {nemo} don't think spy or finnies are going anywhere now, probably not
[15:51] {Alexs} k
01[15:51] {&Threei}  too close to eod alex
01[15:51] {&Threei}  9 min
[15:51] {dino} pamt drop
[15:51] {dino} sm l .05
[15:51] {Alexs} yeah ok
[15:55] {nemo} too funny daily pivot and vwap exactly the same place on spy
01[15:55] {&Threei}  ok guys
01[15:55] {&Threei}  good week after all, even though short
01[15:55] {&Threei}  thank you all
01[15:55] {&Threei}  have a great weekend, see you Monday
[15:55] {dino} out pamt .04 -.01, no time left
[15:56] {bbobr} gn all
[15:57] {nemo} from green to red below S3 all the way back to R3 back to flat...wtf
[15:58] {nemo} you ever seen a day like this dino?
[15:59] {nemo} look at conn on the close
[16:00] {dino} not that i remember nemo
[16:00] {dino} but markets get stranger every year
[16:01] {dino} bad print?
[16:01] {nemo} yeah, news reading algo's seem to create more extreme trends