Feb 20 2013

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Perfect continuation of our winning streak, even though market behavior changed rather drastically. nailed the direction just right, got quite a few winning trades on a short side plus a few bounce scalps.



Session Time: Wed Feb 20 00:00:00 2013
[08:45] {nemo} I'm feeling ignored
[08:46] {thomcbell} YO
[08:46] {nemo} mmmhhhh....that makes me feel worse...nevermind
[08:52] {dino} gm
01[08:53] {Threei}  dino :)
[09:06] {jdetente} gm
01[09:07] {Threei}  jd :)
[09:08] {scottie} good morning
01[09:08] {Threei}  scottie :)
[09:09] {patel} good morning
01[09:10] {Threei}  patel :)
[09:11] {dino} mco, mhp sudden drops
[09:11] {cipher} gm
01[09:11] {Threei}  cipher :)
[09:17] {Will49} good morning
[09:18] {thomcbell} takeover chatter on joy
[09:18] {thomcbell} bbry testing its 50 here after canaccord negative comment
01[09:19] {Threei}  will, tbell :)
01[09:20] {Threei}  gold can't catch a break eh?
[09:24] {patel} Today should be another slow climb tight sideways day.
[09:24] {nemo} wow...going out on a limb there
[09:28] {dptl} gm
01[09:29] {Threei}  dp :)
[09:32] {cipher} tsla l .62
[09:32] {cipher} out .98 +.36
01[09:33] {Threei} Short Setup: GDX  .75 break
01[09:34] {Threei}  If holds  .85
01[09:35] {Threei} Short Setup: FCX  .95 break hl
01[09:35] {Threei}  If holds  .05
[09:35] {cipher} spwr l .00
[09:36] {cipher} out .90 -.10
[09:36] {cipher} fslr l .78
01[09:37] {Threei}  FCX 1:1
[09:37] {cipher} out .65 -.13
01[09:38] {Threei}  GDX stop to .81
01[09:40] {Threei}  FCX 1:2, out
01[09:40] {Threei}  1:3... grrr
[09:40] {jdetente} dang too early
01[09:40] {Threei}  I mean 1:4
[09:40] {cipher} ctrp l .08
01[09:41] {Threei}  let's close GDXC
01[09:41] {Threei}  GDX
[09:43] {dino} partial fill l for .55
[09:44] {cipher} out ctrp .28 +.20
[09:45] {cipher} mktx l .00
01[09:45] {Threei} Short Setup: SLW  .80 break
01[09:46] {Threei}  If holds  .90
[09:46] {patel} jumped my entry
[09:46] {cipher} out mktx .88 -.12
[09:46] {scottie} too fast
[09:47] {Will49} missed
01[09:47] {Threei}  hah... look at GDX
01[09:47] {Threei}  does this thing move in inverse relation with SPY?
01[09:47] {Threei}  SLW 1:1 if anyone got it
[09:47] {jdetente} no fill
[09:48] {dino} out for flat
[09:49] {cipher} mktx l .00
01[09:50] {Threei} Long Setup:  LVS  .05 break hl
[09:51] {dino} vntv sm l .10 gappy, wide
[09:53] {cipher} out mktx .90 -.10
01[09:53] {Threei}  Invalidated
01[09:54] {Threei}  was two-sided eh
[09:54] {jdetente} stinkin' SLW....
[09:55] {jdetente} that was a good one if anyone got it
01[09:56] {Threei} Long Setup:  CAT  .40 break hl
[09:56] {cipher} vsat l .31
01[09:56] {Threei}  If holds  .30
01[09:56] {Threei}  ugh LVS
[09:57] {dino} out vntv .70, +.60
[09:57] {scottie} fast again
[09:57] {Will49} likewise
[09:57] {jdetente} jeepers\
[09:58] {thomcbell} long setup rrc thru 71.15 half lot
[09:59] {patel} missed it.
[09:59] {patel} this sucks
[09:59] {dino} lad
01[09:59] {Threei} Short Setup: LVS  .60 break
01[10:00] {Threei}  hl
[10:00] {cipher} mktx l .53
01[10:00] {Threei}  (EU) EURO ZONE FEB ADVANCED CONSUMER CONFIDENCE: -23.6 V -23.2E
01[10:01] {Threei}  (US) S&P Reports On Exceptional Accounting Items- Companies that report underlying earnings figures under International Financial Reporting Standards (IFRS) can misrepresent their past and future earnings when they separate out exceptional items, says a report published by Standard & Poor's Ratings Services. Titled "How Exceptional Accounting Items Can Create Misleading Earnings Metrics," the report argues that scrutinizing exceptional items can give a clearer view of a company's financial performance.
01[10:01] {Threei}  heh
[10:02] {jdetente} there's 1:1
[10:02] {dptl} ?
[10:02] {jdetente} sorry I took an aggressive entry
[10:02] {jdetente} got 1:1 on my entry
[10:03] {dino} mon drop
01[10:03] {Threei} Long Setup:  CAT  .40 break hl
01[10:03] {Threei}  If holds  .30
01[10:04] {Threei}  LVS stop .66
[10:05] {cipher} out mktx .00 +.47
01[10:05] {Threei}  no go
[10:05] {dptl} maan... out .73...jumpy thing
01[10:05] {Threei}  that's whny half lot
[10:06] {cipher} dino did you play MON?
[10:06] {dino} lad sm l .75
[10:07] {dino} out lad .30, +.55
[10:07] {cipher} wtg
[10:07] {dino} ty
[10:09] {dino} cipher, mon? no, lad took over, missed mon
[10:09] {cipher} I missed it too
[10:10] {cipher} didn't have the guts
[10:10] {cipher} looked whacked out
[10:10] {dino} thought it would go for 96 area gap
[10:10] {dino} see what happens when i think
[10:10] {cipher} I know brotha
[10:10] {dptl} DHI .70 short?
01[10:11] {Threei}  20 cents reange?
[10:11] {cipher} panl l .13
[10:12] {cipher} snfca l .29
[10:13] {scottie} out +.10 tks Vad
01[10:13] {Threei}  CAT 1:1
[10:15] {cipher} out panl .32 +.19
[10:16] {cipher} out vsat .49 +.18
[10:17] {dino} gj
[10:17] {cipher} snfca stop .22 -.07
[10:18] {dptl} COH .70 short?
01[10:18] {Threei}  CAT 1:2, out
[10:18] {Will49} Tks Vad
01[10:18] {Threei}  yw
01[10:19] {Threei}  COH, hl
01[10:23] {Threei}  wow CAT
01[10:23] {Threei}  talk about too soon
[10:25] {dino} sah partial l .45
[10:26] {dptl} still valid coh i think
[10:27] {dptl} nah
01[10:28] {Threei} Short Setup: SLW  33 break
01[10:28] {Threei}  If holds  .10
[10:30] {thomcbell} rrc 1:1
[10:31] {patel} UPS short under .45??
01[10:31] {Threei}  not too delighted
01[10:32] {Threei}  on a narrow side
[10:37] {dino} stop sah -.10 .35
[10:44] {scottie} FCX s 33 ?
[10:45] {nemo} S3 is .82
[10:46] {scottie} tks
01[10:50] {Threei}  frikin SLW
01[10:50] {Threei}  got away
[10:51] {dino} trn sm l .40 stop lod
01[11:03] {Threei}  how about that "another slow creep-up day"? :)
01[11:04] {Threei}  can you believe SLW?
01[11:04] {Threei}  FCX worked nicely too
[11:05] {Will49} yes, tks scottie +.11
[11:05] {scottie} good for you will, I didn't take it
[11:05] {Will49} small scalp
[11:06] {Will49} if Vad had sanctioned it, would have gone full load :)
[11:06] {Will49} kidding scottie
[11:06] {scottie} lol
[11:06] {scottie} me too :)
01[11:06] {Threei}  gosh, I just was away from computer for two min... :)
03[11:06] * Retrieving #discussions modes...
[11:06] {scottie} diapers Vad, diapers...
[11:07] {Will49} lol
01[11:08] {Threei}  I keep the stock for the day when I decide my life is too boring ad trade GOOG and AAPL all day
[11:08] {scottie} lol
[11:09] {Will49} :)
[11:15] {dino} arii sm l .49
01[11:26] {Threei}  we have FOMC minutes today btw
[11:26] {dptl} PAY .20 long?
[11:27] {dino} crus drop
01[11:27] {Threei}  can't tell on PAY
[11:27] {dptl} k
01[11:27] {Threei}  no determintion
01[11:28] {Threei}  (US) Market rumors circulating this morning that a commodities hedge fund is "blowing up" - financial press**Note: The chatter has been vague so far, with no names be suggested
[11:31] {dino} crus sm l .01
[11:31] {Will49} *&^%%% charts gone again
[11:32] {dptl} yeah something is there...everyday charts problems lately
[11:35] {Will49} dp...do use laser version 5 or 6?
[11:35] {dptl} old one 5.4.371
[11:36] {Will49} same here
[11:37] {Will49} anyone using version 6 and still have charts?
01[11:38] {Threei}  I use 5 and still have them
[11:38] {Will49} strange
[11:40] {dptl} yeah mine just gone
[11:41] {Will49} mine are back!
[11:42] {Will49} could it be Shaw throttling data flow?
[11:44] {dptl} no
[11:44] {dptl} dont think so
01[11:44] {Threei}  I am on shaw
[11:44] {dptl} something with soft
[11:45] {dino} aapl vsm l .60 wide
[11:45] {dptl} Vad you dont have gup on charts now?
[11:45] {dptl} gap
01[11:45] {Threei}  now I do
[11:45] {dptl} there
01[11:45] {Threei}  pattern is:
01[11:45] {Threei}  my charts wortk fine when you guys start complaining,
01[11:46] {Threei}  "command center" reserts server,
01[11:46] {Threei}  your charts are back,
01[11:46] {Threei}  mine are out,
01[11:46] {Threei}  I change server andf get gaps which I hadn't had before.
01[11:46] {Threei}  so it's all your fault as far as I am concerned
[11:47] {dptl} yes thats what is going on lataly
[11:47] {dptl} lol
[11:47] {scottie} MDT s .70 ?
01[11:47] {Threei}  I think so
01[11:48] {Threei}  with this gap in chart these folks caused it's harder for me to tell, lol
[11:48] {dptl} use freestockcharts
01[11:48] {Threei} Short Setup: PAY  32 break
[11:50] {scottie} stop .
[11:50] {scottie} 07 ?
01[11:51] {Threei}  according to my charts crippled by dp... yes :)
[11:51] {scottie} stop that dp will ya
[11:51] {dptl} scottie you use laser too?
[11:52] {scottie} no, back to DDplus
[11:52] {dptl} i see
[11:54] {dptl} is that disnat?
[11:54] {scottie} yes
[11:59] {dino} cste drop
[12:04] {Will49} what time do FOMC minutes come out?
01[12:04] {Threei}  2
[12:04] {jdetente} 2 Eastern
[12:04] {Will49} tks
01[12:04] {Threei}  PAY 1:1
[12:07] {nemo} DAS Trader is having problems with it's quote systems too...frickin' chinese hackers
[12:13] {dptl} MPC .80 short?
01[12:14] {Threei}  even hl is a bit too much
[12:15] {dptl} stopped... half lot
01[12:15] {Threei}  sigh
01[12:16] {Threei}  do you even look at level 2?
[12:16] {dptl} ye thats why half
01[12:16] {Threei}  look what I said
01[12:17] {Threei}  first sentence of e-mail that is sure to make it take it seriously:
01[12:17] {Threei}  Hello,
01[12:17] {Threei}  I wish to inform you that this letter is not a hoax mail and I urge you to treat it serious.
[12:17] {dptl}  ye..but i  was already in
01[12:17] {Threei}  that's why I aske, do you even look at level 2
01[12:17] {Threei}  the gaps between levels, the sizes
01[12:18] {Threei}  that was a stock for 200 shares
01[12:18] {Threei}  maybe 3
01[12:18] {Threei}  unless you are dino
[12:19] {dino} hey!
01[12:19] {Threei}  yes sir?
[12:19] {dino} out aapl .50, +.90
[12:21] {dino} crusto b/e
[12:23] {dino} out arii .12, +.63
[12:30] {dptl} DD short?
01[12:30] {Threei}  nah
[13:02] {thomcbell} short setup CAT - 94.03 break if holding 94.13
[13:07] {thomcbell} cat no go
01[13:30] {Threei} Short Setup: GLD  .80 break hl
01[13:31] {Threei}  If holds  .85
01[13:32] {Threei}  Invalidated
[13:46] {dptl} BHI .30 short?
[13:47] {dptl} also CLF .30 sh?
[13:48] {dptl} clf not available
[13:48] {patel} be careful FOMC minutes are a few minutes away
01[13:48] {Threei}  BHI, yes if SPY loses .50
[13:52] {dptl} NTAP short?
01[13:53] {Threei}  don't know
[13:53] {dptl} k
01[14:01] {Threei}  *(US) MINUTES OF THE JAN 30 FOMC MEETING: SOME MEMBERS FELT THERE WAS A NEED TO TAPER PURCHASES; EXPLORING USE OF FED FORECAST TO RELAY INFORMATION ON ASSET PURCHASES
01[14:01] {Threei}  uh oh
01[14:01] {Threei}  where is ese
01[14:01] {Threei}  I want him to see what happens to the market when Fed merely mulls over stopping purchases
01[14:06] {Threei}  there is long list of what else they discussed
01[14:06] {Threei}  want me to post it or don't want to bother?
[14:06] {dptl} ah  whats the use
[14:06] {Will49} all BS anyway
01[14:07] {Threei}  thought so :)
[14:07] {dptl} yeah lol
01[14:07] {Threei}  worst yet, it's not funny kind of BS
[14:07] {Will49} if it doesn't help us trade...fageddaboudit
[14:07] {dptl} sure..its all global warming after all
[14:10] {dptl} VLO .50 long?
[14:13] {dino} tex sm l .04 stop lod
[14:13] {dptl} invalidated vlo
[14:13] {dino} stopped
01[14:19] {Threei} Long Setup:  VLO  .25 break hl
01[14:19] {Threei}  If holds  .15
[14:19] {scottie} missed
01[14:19] {Threei}  1:1, and good luck getting that fill
[14:19] {Will49} missed
[14:20] {patel} missed it. dflkadflj;sdaflk;jsa
[14:20] {scottie} right
[14:32] {dino} what am i missing on the commodity dump?
[14:33] {dptl} KBH .30 short?
01[14:33] {Threei}  gotta read all that bs to find out which exact line caused it
01[14:33] {Threei}  KBH, yes
[14:37] {dptl} freaking charts stop again
[14:38] {Will49} mine too
01[14:41] {Threei} Short Setup: SLW  .30 break
01[14:41] {Threei}  If holds  .40
01[14:49] {Threei}  1:1
[14:49] {dptl} out ty
01[14:50] {Threei}  KBH too
[14:50] {dptl} out kbh ty
01[14:51] {Threei}  yw
01[14:51] {Threei}  patel, you got those?
[14:51] {nemo} guys...
[14:51] {nemo} sorry I'm falling down on the job...
[14:51] {nemo} My insults have become anemic
[14:51] {patel} patel got SLW
[14:51] {nemo} no edge
[14:51] {patel} :) thanks
[14:51] {nemo} listless
01[14:51] {Threei}  whew
[14:51] {patel} all out now
01[14:51] {Threei}  1:2 SLW
01[14:51] {Threei}  out
[14:52] {patel} took my eye off KBH
01[14:52] {Threei}  nemo, that's OK for now, but get your act together please
[14:52] {Will49} out tks
01[14:52] {Threei}  we count on you to maintain your edge
[14:52] {jdetente} nice one ty
[14:52] {scottie} gotta go, see you tomorrow
06[14:52] * dino slaps nemo around a bit with a large trout
01[14:52] {Threei}  on your insilts to be stinging
[14:52] {nemo} yeah, it's that sunlight thing and the winter...btw bunny has become vicious
01[14:52] {Threei}  take care scottie'
[14:52] {nemo} she's decided that under my father's bed is her hutch
[14:52] {nemo} He gets to close, she attacks
[14:53] {Will49} see ya scottie
[14:53] {nemo} It's a real comedy act watching an 80 year old with an oxygen bottle swinging his leg back and forth trying to dislodge a crazed rabbit
[14:54] {dino} lol
[14:54] {nemo} Brings back fond memories of Monty Python
[14:54] {nemo} Dino...I'm totally serious
[14:54] {dino} i believe you, was picturing it
[14:58] {nemo}  I warned him this morning, it might be good idea to keep his pants on as he likes to sit at the computer in his boxers...turned out to be a good idea
[15:00] {dptl} i just checked new version laser
[15:00] {dptl} same problem with charts
[15:01] {Will49} so, their servers then?
01[15:01] {Threei}  it's either on server level or on exchange level or on routing level
01[15:01] {Threei}  not on software
[15:02] {dptl} yeah  i let CC know..it happens few times a week now
01[15:02] {Threei}  is server, it will affect users of this particular broker; if exchange, it will affect everyone; if at routing, it will affect certain areas
[15:02] {nemo} as I said...DAS Trader was having problems with quote servers earlier
01[15:02] {Threei}  yes, and that indicates exchange level
[15:02] {nemo} frickin' Chinese hackers probably
01[15:02] {Threei}  or that
01[15:02] {Threei}  lol
[15:02] {nemo} time for a missile test...or two
[15:04] {dptl} ANF short?
01[15:05] {Threei}  small shares
[15:05] {dptl} late
[15:05] {nemo} caeful dp this drop is coming into SERIOUS support in the SPY
[15:06] {dptl} k
[15:09] {dptl} LRCX 42 long? i think its ready for bounce
01[15:10] {Threei}  out KBH in full
[15:11] {dino} esv sm l .35
[15:14] {dptl} oops...got to go...see ya tomorrow all
[15:14] {Will49} peace dp
01[15:15] {Threei}  take care
[15:15] {dino} cya
[15:15] {patel} take care
01[15:16] {Threei}  wow, KBH had even more in it
01[15:20] {Threei} Short Setup: FCX  .20 break
01[15:21] {Threei}  If holds  .30
01[15:23] {Threei}  Invalidated
01[15:24] {Threei}  (US) White House planning to use trade tools to prevent trade secret theft from countries including China- Aiming to increase enforcement against trade theft - Calls on Congress to increase maximum sentence for economic espionage to at least 20 years - Will launch 3 month study to determine if legislation is necessary to strengthen law enforcement efforts
[15:25] {nemo} missile test
01[15:25] {Threei}  will launch 3 months study - hear that earthquake? That's entire population of China rolled on the floor laughing
[15:25] {Will49} hahaha
[15:26] {dino} stop esv -.20
[15:26] {dino} lol
01[15:26] {Threei}  and hear that tsunami? that's them falling out of their chairs when they read study of what - whether legilslation is necessary
[15:26] {nemo} they're going for the spy stops below .50
01[15:27] {Threei}  which means that if the study shows that yes, it is, next 6-month stidy will detremine what legislation
01[15:27] {Threei}  anf then we will spend 2 years preparing legislation
01[15:27] {Threei}  and 2 years arguing about it
01[15:28] {Threei}  and by the time chinese hackers report to government "we are done, nothing left to steal over there" we ill be fully ready
[15:28] {Will49} good thing you're not skeptical Vad :)
01[15:31] {Threei}  me?? never
01[15:31] {Threei}  FCX
01[15:31] {Threei}  valid again
01[15:42] {Threei}  1:1
[15:48] {Will49} out +.11 tks Vad
[15:48] {nemo} bears are pitching bulls are catching
[15:48] {jdetente} lol
[15:48] {jdetente} that's a little graphic nemo...haha
[15:48] {nemo} this is the level for the month on spy.  They gap it down tomorrow bulls get real nervous
[15:48] {nemo} I'm into sports metaphors, what are YOU talking about.
[15:48] {nemo} ?
01[15:49] {Threei}  jd, don't even think about answering that
[15:49] {jdetente} I said nothing. carry on
[15:49] {nemo} mmmhhhh...he's smarter than Will
[15:50] {Will49} yeah...sniff
[15:51] {nemo} my other trading buddy decided to go long spy at 152 10k shares, just baling now
[15:51] {nemo} owwwwwwwwwwwwww
[15:51] {jdetente} ouch
01[15:51] {Threei}  you'd do well suggesting him to visit our room
[15:51] {dino} ouch
[15:52] {patel} yikes....
[15:52] {nemo} nah...it's his trading style, he's positive 80% of the month
[15:52] {nemo} today is an anomaly
[15:52] {Will49} surprised you even have one other buddy
[15:52] {nemo} we're below S3 on the SPY
01[15:52] {Threei}  lol
[15:52] {nemo} first time BTFD! hasn't worked in a long time
[15:53] {nemo} did Will say something?
01[15:53] {Threei}  meanwhile in our little kingdom of winning, FCX is close enough to 1:2
01[15:53] {Threei}  out .02
[15:53] {Will49} my ghost
[15:53] {nemo} soon to be, yes
[15:53] {Will49} ha..got ya
[15:53] {nemo} no..gonna' get you
[15:54] {Will49} :)
[15:54] {nemo} wow, this will start bringing out the stops down here, this means they likely gap it below 151 tomorrow
01[15:54] {Threei}  one of the best things abput today:
[15:54] {nemo} Too many people long, Wall Street has to shake the shares loose so they can buy cheaper
01[15:54] {Threei}  market changed its behavior drastically, yet we continue winning streak
[15:55] {Will49} and nemo was fairly quiet?
[15:55] {nemo} well you're the king of trading limit down days
01[15:55] {Threei}  yes but such radical changes often cause pause in our profitable streaks
01[15:55] {Threei}  not this time
[15:56] {nemo} Actually, I've noticed you tend to do rather well on strong down days
[15:56] {Will49} i thought our streak was because I took a month off
[15:56] {nemo} No, your streak likely has to do with incontinence
[15:56] {Will49} lol
01[15:56] {Threei}  yes will, but then we endured and overcame
[15:57] {Will49} that's the old nemo we all love so much
[15:57] {nemo} I don't recommend holding long positions over night, unless it's a short or the vxx
[15:57] {Will49} another great day Vad...tks
01[15:57] {Threei}  yw
[15:58] {patel} have a great day everyone
[15:58] {patel} see you all tomorrow
[15:58] {jdetente} gn all
[15:59] {dino} gn all, thx
[15:59] {Will49} cheers guys
01[15:59] {Threei}  thank you all, have a good evening
01[15:59] {Threei}  see you tomorrow

Feb 19 2013

Not slowing down  even after long weekend - 4 wins out of 5, nice continuation.

Session Time: Tue Feb 19 00:00:00 2013
[08:59] {dino} gm
01[08:59] {Threei}  dino :)
[09:03] {thomcbell} gm
01[09:03] {Threei}  tbell :)
[09:06] {patel} Good Morning
01[09:08] {Threei}  patel :)
[09:14] {scottie} good morning
01[09:14] {Threei}  scottie :)
[09:16] {Will49} good morning
01[09:16] {Threei}  will :)
[09:20] {jdetente} gm
01[09:21] {Threei}  jd :)
[09:24] {dptl} gm
01[09:24] {Threei}  dp :)
01[09:27] {Threei}  time to wake up I guess
01[09:27] {Threei}  WMT is still weak
[09:27] {cipher} gm
01[09:27] {Threei}  cipher :)
01[09:28] {Threei}  so is FDX
01[09:28] {Threei}  GDX
[09:31] {thomcbell} wow lvs
[09:32] {ese} gm........was reading the internet news and forgot to sign in
[09:33] {nemo} ESRX
01[09:33] {Threei}  ese :)
[09:35] {cipher} cost l .64
01[09:35] {Threei} Long Setup:  GDX  .40 break
01[09:35] {Threei}  If holds  .30
[09:36] {thomcbell} long setup vod 25.20 break if holding 25.15
[09:36] {cipher} out cost .94 +.30
[09:37] {cipher} petm l .23
01[09:38] {Threei} Short Setup: LVS  51 break hl
01[09:38] {Threei}  If holds  .10
[09:38] {cc_8} OfficeMax and Office Depot are in advanced talks to merge, people familiar with the matter said, as the retailers of pens, paper and desks try to fight off tougher competition from rivals such as Staples Inc. and Amazon.com Inc. OfficeMax shares surged 20% to $12.92 premarket and OfficeDepot shares added 29% to $5.92. Staples shares were also trading higher, gaining 14% to $14.70.
[09:38] {cipher} out petm .16 -.07
01[09:38] {Threei}  GDX 1:1
01[09:40] {Threei}  Invalidated  LVS
01[09:41] {Threei}  valid again
[09:41] {dino} hum sm l .00
[09:41] {patel} dang missed it
01[09:41] {Threei}  1:1... toughies to execute
[09:41] {scottie} missed it too
[09:41] {dptl} yeah
[09:42] {Will49} missed
[09:42] {cipher} cost l .77
01[09:42] {Threei}  GDX 1:2, out
[09:42] {Will49} tks Vad
01[09:43] {Threei} Short Setup: WMT  .20 break
01[09:43] {Threei}  If holds  .30
[09:43] {dino} petm sm l .50
[09:43] {cipher} petm l .62
[09:43] {dino} hum stop -.28
[09:44] {dino} out petm .00, +.50. ty cipher for idea
[09:44] {cipher} out petm .00 +.38
[09:44] {cipher} np gj
[09:45] {cipher} out cost .68 -.09
01[09:45] {Threei}  1:1
[09:46] {scottie} out .10 tks Vad
[09:46] {dptl} me too ty
01[09:46] {Threei}  yw
[09:46] {cipher} petm s .45
01[09:46] {Threei}  (stinkin' scalpers)
[09:46] {dino} hum sm l .65
[09:46] {scottie} sue me
[09:47] {dino} out hum .95, +.30
01[09:47] {Threei}  1:2, out
[09:47] {jdetente} out ty
[09:47] {jdetente} two nice ones in a row
01[09:47] {Threei}  yw
[09:47] {Will49} Tks again Vad
[09:47] {cipher} cov petm .34 +.11
[09:48] {patel} thanks Vad
[09:48] {dptl} NTAP .55 long?
[09:49] {patel} I am done for the day. Got alot of errands to run.
[09:49] {thomcbell} vod not a scalp for me - nice boring entry for portfolio managers
[09:49] {dptl} run away ntap
[09:50] {dino} fdo sm l .77
[09:51] {thomcbell} ntap 35.60 break Vad?
01[09:51] {Threei}  can't tell
01[09:51] {Threei}  2 days break there
01[09:52] {Threei}  but market spiked hard over ,last 5 min
01[09:52] {Threei}  and all NTAP did was bobbing up and down in 10 cents range
[09:52] {cipher} sina l .82
[09:53] {thomcbell} yes
[09:54] {thomcbell} wprt impressive
01[09:54] {Threei} Short Setup: BBY  .60 break
[09:54] {cipher} out sina .88 +.06
01[09:54] {Threei}  If holds  .70
[09:54] {dino} ipgp drop
[09:55] {jdetente} no BBY available with my broker...dang
[09:55] {cipher} ipgp l .56
[09:56] {thomcbell} will still use 35.21 as stop on vod
01[09:56] {Threei}  stop .65
[09:56] {thomcbell} 25.21
[09:57] {cipher} out ipgp .90 +.34
[09:57] {dino} gj
[09:57] {cipher} ty
[09:58] {cipher} mlnx l .23
[09:58] {scottie} half out
01[09:58] {Threei}  1:1
[09:58] {dino} out fdo .07, +.30
[10:00] {cipher} out mlnx .63 +.40
01[10:00] {Threei}  *(US) FEB NAHB HOUSING MARKET INDEX: 46 V 48E
[10:00] {thomcbell} mwv 35.74 break - half lot
[10:01] {cipher} sina l .76
[10:03] {cipher} out .85 +.09
[10:04] {dino} mx sm s .24
[10:06] {dptl} DG .70long?
[10:07] {dptl} in .71
01[10:11] {Threei}  1:2, out
[10:11] {scottie} +.18 tks Vad
01[10:12] {Threei}  3 1-2ers, can I go home?
[10:12] {Will49} tks Vad..on a roll
01[10:12] {Threei}  yw
[10:12] {cipher} ulta l .69
[10:13] {dptl} out dg 1:1
[10:15] {cipher} ulta stopped .59 -.10
[10:15] {scottie} gj dp :)
[10:15] {dptl} ty
[10:16] {cipher} ulta l .72
[10:17] {cipher} affy l .86
[10:18] {cipher} out ulta .66 -.06
[10:19] {cipher} olta l .00
[10:19] {cipher} ulta
[10:20] {dino} cov mx .10, +.14
[10:21] {thomcbell} vod 1:1
[10:22] {cipher} out ulta .82 -.18
[10:23] {dptl} COF .30 long?
01[10:24] {Threei}  hl
[10:25] {dptl} missed
[10:27] {thomcbell} stop to 25.30 on vod
01[10:28] {Threei}  nice trade
[10:28] {thomcbell} tu
[10:30] {dptl} GILD .80 long?
01[10:31] {Threei}  hl
01[10:31] {Threei}  looks good for .95 or so
[10:31] {dptl} in .81
[10:32] {thomcbell} stopped vod
[10:39] {dptl} stopped gild
[10:41] {dino} markets have slowed down
[10:43] {nemo} you say that every day at this time
[10:44] {dptl}  RHI .60short?
01[10:45] {Threei}  50/50
[10:45] {dptl} ok
01[10:45] {Threei}  dp, go for a walk for 30 min, will you?
[10:46] {dptl} :) ok
01[10:46] {Threei}  you start demonstrating all the signs of that rush that destroys your day
01[10:47] {Threei}  and when you are back, make sure you calculated your trailing stop on the account for the day
[10:47] {dptl} for sure
[10:49] {scottie} ADM s .70 ?
[10:50] {cipher} amgn blood
01[10:50] {Threei}  hl, ADM
01[10:50] {Threei}  guess who's on TV
[10:51] {scottie} ok
01[10:51] {Threei}  did he really just say they cut deficit by 2.5T?
[10:54] {Will49} why oh why do we watch this BS?
[10:54] {nemo} shut it off
01[10:54] {Threei}  really... what channel is Jerry Springer on?
[10:55] {Will49} referring to the royal "we"
[10:58] {scottie} CMA l .50 ?
01[10:59] {Threei}  not my cup of tea
[10:59] {scottie} ok
[11:03] {nemo} wlt, looks weak
01[11:13] {Threei} Short Setup: SLW  .39 break
[11:17] {scottie} stop .46 ?
01[11:18] {Threei}  yup
01[11:20] {Threei}  1:1
[11:20] {scottie} half out tks Vad
01[11:20] {Threei}  yw
[11:21] {dptl} out .26 ty
01[11:21] {Threei}  dp's 30 min jail time over, lol
[11:21] {dptl} lol
01[11:21] {Threei}  or did you use get of jail card
[11:23] {scottie} trailing my stop to .35
[11:23] {scottie} .36
[11:26] {scottie} out
[11:27] {Will49} out but tks Vad...1:1
01[11:28] {Threei}  yw
[11:29] {Will49} managing trailing stop on profit =very comforting
[11:29] {Will49} daily profit
01[11:29] {Threei}  makes it so much more relaxed experience eh
[11:30] {Will49} absolutely
[11:36] {ese} no i'm not..........i'm watching and observing
[11:37] {ese} I follow nemo's every move .........watch him like a hawk..........can't get enough of him
01[11:37] {Threei}  but if we wake you up suddenly, you answer the last question you heard yesterday?
[11:38] {ese} ahhhhhhhhhhhh..............i mean vads every move.........opps
[11:39] {Will49} reminds me of he old joke; if you wake up an Brit suddenly, they have no accent
01[11:40] {Threei}  lol
[11:40] {ese} yup thats funny
[11:47] {thomcbell} adm 32.85 break if holding 32.80
[11:52] {thomcbell} jcp 19.75 short break if holding 18.81
01[11:56] {Threei}  wow SLW
[11:56] {scottie} rinsed second half
[12:01] {thomcbell} jcp invalidated obviously
[12:06] {thomcbell} short setup line - 35.90 break if holding 36
[12:09] {thomcbell} line invalidated will still watch
[12:09] {thomcbell} looking for a long setup somewhere in here on mwv
[12:09] {dino} rax sm l .01
[12:13] {thomcbell} flattening adm for a small gain here
[12:14] {dino} out rax .31, +.30
[12:14] {dptl} SWKS .50 short?
01[12:15] {Threei}  yes... not likely to be fast
01[12:15] {Threei}  but what's our hurry
[12:15] {dptl} yeah :)
[12:21] {dino} pcyc sm l .40
[12:28] {dino} out pcyc .60, +.20, too jumpy
[12:39] {dino} hmm seemed i chickened out on pcyc
[12:51] {patel} I miss anything while I was gone.
[12:51] {nemo} our utter joy you weren't here
01[12:52] {Threei}  lpl
[12:52] {nemo} thunder thumbs can't string 3 letters together
[12:52] {Will49} Vad has a lisp when he laughs
01[12:52] {Threei}  sigh
[12:53] {Will49} so quite that we'll leap on anything to entertain
01[12:53] {Threei}  I no talk to you lot 'nymore
[12:53] {Will49} quiet
[12:53] {Will49} not you Vad...just correcting
01[12:53] {Threei}  2 more winning trades patel
[12:54] {patel} really which ones
[12:54] {patel} I saw BBY
01[12:54] {Threei}  [11:13] {Alert} Threei Short Setup: SLW .39 break
[12:55] {patel} nice
[12:55] {Will49} techy question: can't get charts at all. have changed chart servers over and over. any other solutions other than rebooting?
[12:56] {dino} freestockcharts.com
[12:56] {nemo} vmw might want down here
[12:58] {Will49} Thanks dino
01[12:58] {Threei}  will, quote server 1, chart server 3
01[12:59] {Threei}  if none of chart servers is working, change quote server
[13:02] {dino} i use it every day will
[13:02] {dino} mnro sm s .44
[13:03] {ese} which one is that?
[13:04] {ese} chart server that is
[13:05] {dino} i was talking freestockcharts ee
[13:05] {dino} ese
[13:06] {ese} ahhhhh...ya thought as much.......i use it as well
[13:08] {dino} mnro stop -.30
[13:09] {Will49} hmmmm.tried ALL thequote and chart servers...nothing
[13:09] {Will49} thn closed laser and reopened...still no charts
[13:10] {dptl} hmm..fine here...talk to cc then
01[13:10] {Threei}  what quote server will?
[13:11] {Will49} stepped thru all the quote servers
01[13:12] {Threei}  quote 1, chart 3, works fine here
[13:12] {Will49} no problem though...i can use freestockcharts
[13:13] {Will49} cc...any suggestions?
[13:14] {dptl}  try different stock symbol Will
[13:15] {Will49} no change
[13:15] {dptl} hmm...
[13:16] {dptl} try to restart laser again
[13:17] {Will49} restarted...no change
[13:18] {dptl} well...text to cc he;ll figure that out
[13:20] {dptl} DG .20long?
01[13:22] {Threei}  seriously?
[13:22] {scottie} ALTR s .10 ?
[13:23] {dptl} lunch time break....but it looks good ...:) no?
01[13:23] {Threei}  hl, scottie
[13:24] {thomcbell} long stup splk 35 break if holding 34.90 - hl due to time of day
01[13:25] {Threei}  way too narrow for my taste, tbell
[13:29] {thomcbell} k
[13:29] {scottie} in altr .08, stop .19
[13:33] {dptl} ye, there is some charts issue Will....i had to switch servers and now i see some data missing
[13:33] {Will49} rebooted PC and have charts back
[13:34] {Will49} must be the 1982 IBM PC I'm using:)
[13:34] {dptl} no its their issue not your comp
01[13:35] {Threei}  you upgraded from Commodore 64?
[13:35] {Will49} haha
01[13:35] {Threei}  that might be the problem... I still haven't
[13:40] {Will49} why the spy leap at 1:30?
01[13:40] {Threei}  ?
01[13:40] {Threei}  I see no leaps
[13:41] {Will49} maybe my charts
[13:41] {dptl} lol you just missing data Will ...same here
[13:41] {Will49} yikes
[13:43] {Will49} yeah..i see that gap on all my charts
[13:48] {Will49} Maybe some of you have seen this
[13:49] {Will49} THE FIVE RULES TO REMEMBER IN LIFE
[13:49] {Will49} 1. Money cannot buy happiness, but it's more comfortable to cry in a
[13:49] {Will49} Corvette than on a bicycle.
[13:49] {Will49} 2. Forgive your enemy, but remember the ass-hole's name.
[13:49] {Will49} 3. If you help someone when they're in trouble, they will remember you
[13:49] {Will49} when they're in trouble again.
[13:49] {Will49} 4. Many people are alive only because it's illegal to shoot them.
[13:49] {Will49} 5. Alcohol does not solve any problems, but then neither does milk.
[13:49] {Will49} Didn;t copy all of it
01[13:49] {Threei}  yeah, got it some time ago
[13:49] {dino} lol
[13:50] {patel} lol
[13:50] {patel} What happen to Will?
[13:50] {dptl} lol
01[14:00] {Threei}  here is another one for you will
01[14:00] {Threei}  Good always wins over evil; thus who wins is always good
[14:00] {Will49} :)
[14:01] {scottie} altr stop to .12
[14:01] {Will49} Money cannot buy happiness, but it's more comfortable to cry in a
[14:01] {Will49} Corvette than on a bicycle.
[14:03] {nemo} just go long in the morning and take a nap
[14:05] {dino} wlt
[14:05] {dino} sm s .00
[14:06] {nemo} sheesh  wlt, wtf
[14:06] {nemo} looks like 40 area
[14:08] {dino} cov flat poor entry
[14:09] {dino} sm s wlt .58
[14:10] {dino} stopped
[14:11] {dino} last try sm s .97
[14:16] {dino} cov wlt .67, +.30
[14:19] {dino} i did not trade that well
[14:19] {nemo} surprised you weren't paying attention to pivot levels
[14:19] {dino} was watching r1 nemo, but the bounces scared me out
[14:20] {nemo} I wasn't seeing any weakness until it got above 40
[14:20] {dino} theres r1 on the pullback
[14:21] {nemo} yeah, but that was the first pullback, the bids just go yanked...2nd mouse gets the cheese kinda thing
[14:32] {dino} wlt sm s .20
[14:32] {nemo} nice entry dino
[14:33] {dino} time will tell
[14:33] {nemo} I didn't say the exit would be pleasant
[14:33] {dino} yeah, feeling it
[14:33] {dino} stop -.30
[14:34] {dino} wtf rinsed
[14:34] {nemo} 1/7/13
[14:35] {dino} reload sm s .27
[14:36] {nemo} don't hang around too long, market is strong and that 41.30 area is begging to be tested
[14:36] {dino} thx
[14:36] {nemo} see the daily?
[14:37] {dino} cov .97, +.30
01[14:41] {Threei} Short Setup: LVS  .10 break
[14:43] {dino} mnro sm s .70
[14:50] {dptl} RHT .80 short?
01[14:51] {Threei}  yes
[14:51] {dptl} daily looks good
[14:52] {dptl} well to short i mean
[14:53] {dptl}  invalidated
[14:56] {Will49} Need to bail early today...great day Vad..tks
01[14:57] {Threei}  take care will
[14:59] {dptl} SWKS .50 short may be again?
01[15:01] {Threei}  yes
[15:02] {dptl} .56 stop?
[15:03] {dptl} if triggers
01[15:03] {Threei}  yeah
[15:05] {dino} stop mnro -.25
01[15:18] {Threei} Short Setup: DG  44 break
01[15:18] {Threei}  If holds  .10
[15:19] {dptl} got .98
[15:20] {dino} gotta hop. thx all, gn
[15:20] {scottie} dino
01[15:20] {Threei}  take care dino
[15:32] {patel} oh well.... nice day....
[15:32] {dptl} stopped dg
[15:32] {jdetente} blah
[15:33] {dptl} in swks
[15:41] {jdetente} DG going to rinse
01[15:43] {Threei}  dirty rotten scondrel
[15:46] {jdetente} son of a motherless goat
01[15:46] {Threei}  lol
01[15:48] {Threei}  OK guys, no more trades
01[15:49] {Threei}  thank you all, have a good evening
01[15:49] {Threei}  see you tomorrow
[15:49] {scottie} gn all
[15:49] {jdetente} gn
[15:49] {patel} take care
[15:49] {patel} gn

Nemo's Findings week of 2/17/2013

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html

The week that was: 

Wow, how much longer can this go on  grind and pop, grind and pop.  News has been good. The growing news story are the burgeoning currency wars, and Japan's belief that we can depreciate our currencies to prosperity.  In an effort to spur inflation they mandated their refineries reduce gas production 20%, which may be one of the reasons beyond the seasonal dynamics why we've seen such a jump in gasoline prices.  If you hadn't notice export of refined products is why our trade numbers were so good last month. Now we know where they're going. Yeah, depreciate, jack up the price of gasoline taking more money out of the consumer's pocket.  Sounds prosperous to me.

Notice on the last graph for the week how the Yearly R1 (YR1) has been support in SPY:

The week that is:

I guess look for more of the same until the price action tells us otherwise.  Pay attention to what longer term levels (beyond the weekly) are showing relevance, and then what weeklies are lining up with or near them.  Peace & Quiet

Market Week Wrap-up

US Equities Hovering at Five-Year Highs in Week of Mega Mergers; Currency Warriors Meet In Moscow


- US equity markets tested fresh five-year highs this week as global finance leaders gathered at the G7 and G20 meetings in Moscow. Earnings season has entered the home stretch, while a raft of mega deals highlighted the return to life in the M&A market. On the US data front, the January industrial production report was weaker than expected, following two months of solid gains. However the very strong February Empire Manufacturing blew away expectations and returned to positive territory for the first time since last July. Note that the yield on the 10-year US treasury closed out the week right above 2% in another sign of risk appetite continuing. In Europe, Q4 GDP data showed the continent headed for another recession as austerity measures bit into growth. Most Asian markets were closed for the New Year holidays, although Japan traded most of the week. For the week, the DJIA slipped 0.1%, the S&P 500 gained 0.1% and the Nasdaq lost 0.1%.

- Fourth quarter GDP data for European nations and the eurozone as a whole published on Thursday gave further notice that the continent headed for recession. German GDP slid 0.6%, France's economy contracted 0.3%, Italian GDP shrank 0.9%, and the eurozone economy overall fell 0.6%, the worst reading since Q1 of 2009, in the aftermath of the 2008 meltdown. Recall that last week, ECB Cheif Draghi asserted that confidence had stabilized and the ECB was seeing a gradual recovery later in 2013.

- Analysts were watching the January retail sales report for signs of the impact of the recent payroll tax cut repeal. The thesis was that the data would be a barometer for the impact of the higher payroll taxes: a decline in retail sales could indicate problems for the recovery as consumers tightened their belts. As it turned out, the advance reading for January retail sales was +0.1%, right in line with estimates, suggesting that spending was not held back by the tax hike yet, though many analysts warned that consumers may adjust their spending over a the course of a few months. The data may have masked the impact on lower income workers, however, as a report on Friday suggested that an internal memo indicated that Walmart sales in February were off to a very shaky start. This may indicate that that the payroll tax hike is already crimping the spending of the lower income consumers who form Walmart's customer base.

- At one point on Friday, gold futures were down over two percent, briefly dipping below $1,600 for the first time since last August. Quarterly hedge fund disclosures showed big withdrawals from various gold ETFs by George Soros and Louis Bacon, among other, although the filings indicate John Paulson maintained his position in gold.
- Warren Buffett's Berkshire Hathaway and 3G Capital announced a deal to acquire processed food giant H.J. Heinz Co for $23.2B in cash. Including debt, the transaction was valued at $28 billion. All in all, Berkshire and 3G will pay $72.50 per share, a 19% premium to the stock's all-time high. Buffett told CNBC he is putting $12-13B into the deal and still has "ample" amounts of cash left over for another big acquisition.

- AMR and US Airways finally announced their long-anticipated merger. The $11 billion all-stock deal gives US Air's team operational control over the bankrupt airline, while AMR's creditors will wind up owning 72% of the combined carrier, which will retain the American Airlines name. The combined entity becomes the largest US airline in terms of miles flown and annual revenue.

- A new wrinkle emerged in the Herbalife hedge fund battle on Thursday, when Carl Icahn disclosed a 14M share stake (12.98%) in the MLM firm, saying that his analysis shows the company has a "legitimate business model." Three weeks ago during his televised confrontation with Bill Ackman, Icahn said Herbalife could be the "mother of all short squeezes" someday. Other hedge fund managers noted they were taking advantage of the battle of the billionaires - Chapman Capital said it sold its entire stake in Herbalife right after Icahn's stake announcement, and was looking to buy in again at a lower price as the battle will cause a "roller coaster" in the stock.

- The week in FX was dominated by currency war skirmishes at the G7 and G20 conferences. At the G7, finance ministers and central bankers agreed to avoid targeting lower exchange rates, and reaffirmed their commitment to "market determined exchange rates" and avoiding excessive FX volatility. In addition, members said they would work toward "domestic objectives" using only "domestic instruments." There was some confusion after anonymous officials suggested first that the members were concerned about Japan's unilateral efforts to weaken the yen, followed by rebuttals by other unidentified officials who said the statement was not aimed at any one nation.

- The G20 draft communique had some material differences with the G7 draft, though officials played down the discrepancies. The G20 repeated the commitment to market determined FX rates, but interestingly omitted the part about fiscal and monetary policy only being used for domestic economic aims. Observers suggested the US and Japan, with their massive QE programs, bumped the latter statement from the broader G20 communique. The G20 also lacked a commitment to avoid targeting FX rates. One senior G20 source said references to targeting exchange rates would not be acceptable to China, with its yuan peg and giant stash of USTs.

- In Europe, officials from France continued to face off against most of the rest of their eurozone partners. The French kept stating that the euro remains overvalued, while Northern European officials reiterated that the market needs to set rates. EUR/USD traded in a range between 1.33 and 1.35, well within January levels. The yen made fresh lows at the beginning of the week, as USD/JPY hit its lowest level in 33 months just below 94.25. The back-and-forth over the G7 and G20 statements capped the yen's decline for the week, and USD/JPY traded back into the 92 handle. Cable hit six-month lows after the BoE signaled it would not tighten policy in response to higher inflation.



TradeTheNews

Feb 15 2013

Perfect way to end the week, with strong winning day. Discipline and careful selection of setups does wonders - whole Feb so far is very good to us.

Session Time: Fri Feb 15 00:00:00 2013
[09:01] {scottie} good morning
01[09:03] {Threei}  scottie :)
[09:04] {patel} Good Morning Traders!
[09:05] {jdetente} gm!
01[09:05] {Threei}  patel, jd :)
01[09:12] {Threei}  jd, admin asked to ask you to check your e-mail
01[09:13] {Threei}  *(US) JAN INDUSTRIAL PRODUCTION: -0.1% V 0.2%E
[09:15] {jdetente} I took care of it a few minutes ago....I had an address change.
01[09:16] {Threei}  that's between you two :)
[09:17] {Will49} good opex morning
01[09:17] {Threei}  will :)
[09:23] {ese} morning
01[09:23] {Threei}  ese :)
[09:23] {nemo} this has one of those rip day feels
[09:23] {ese} saw the news clip of that meteor hitting the soviet union.............distroyed your old house vad when it hit
01[09:24] {Threei}  lol
01[09:24] {Threei}  uh oh
01[09:24] {Threei}  troubles guys
01[09:24] {Threei}  Fitch: Ghana outlook lowered to Negative from Stable
[09:24] {Will49} lol
01[09:24] {Threei}  what to do, what to do
[09:24] {ese} sell sell
[09:24] {dptl} gm
[09:24] {ese} ddddddppppppppp
01[09:25] {Threei}  dp :)
[09:25] {dptl} :)
[09:25] {ese} ruth
01[09:25] {Threei}  you guys remember our favortite internet character, Grumpy Cat
01[09:25] {Threei}  new one by him: http://goo.gl/tpjbr
[09:25] {dino} gm
[09:25] {ese} opps...that was suppose to go into the news check
01[09:25] {Threei}  dino :)
[09:26] {cipher} gm
[09:26] {dino} :)
01[09:26] {Threei}  cipher :)
[09:26] {ese} dino C
[09:26] {Will49} all hands on board and toilet is working
[09:26] {cipher} ese
[09:28] {nemo} can feel the animal spirits
[09:29] {ese} lol
[09:29] {dino} ccl hl s .30 stop .51
01[09:32] {Threei} Long Setup:  FB  .65 break
01[09:33] {Threei}  If holds  .55
01[09:33] {Threei}  wow BBRY
01[09:34] {Threei}  cautios comments by Detwiler
01[09:34] {Threei}  whoever Detwiler is
[09:36] {thomcbell} jcp 19 short break if holding 19.10
01[09:36] {Threei} Long Setup:  LVS  .50 break hl
[09:36] {ese} L elli .49
[09:37] {thomcbell} jcp invalidated
01[09:38] {Threei}  Invalidated  LVS
[09:42] {scottie} trail to .69 ?
[09:42] {scottie} .359 ?
[09:42] {scottie} .59?
[09:42] {scottie} oops
01[09:43] {Threei}  trail FB to .59yes
01[09:43] {Threei}  and welcome to the club of the worst typists ever
[09:43] {scottie} lol
01[09:43] {Threei}  just one thing to remember about that club
01[09:44] {Threei}  I am the president!
01[09:44] {Threei}  I yiled the chair only to someone who can type with swimming fins on his hands
01[09:45] {Threei}  let's sell half
01[09:45] {Threei}  market suddenly weakened
[09:45] {Will49} where's your patience?
01[09:46] {Threei}  FB still looks strong but let's be more careful
01[09:46] {Threei}  it's a friday before long weekend
[09:46] {Will49} am all for that:)
[09:46] {jdetente} stop to .64?
01[09:46] {Threei}  yeah
01[09:46] {Threei}  btw canucks, market is closed on Mon
[09:47] {dptl} out fb ty
[09:47] {dptl} its a long weekend?
01[09:47] {Threei}  yes
[09:48] {jdetente} long weekend. I will be enjoying my global warming on the beach
[09:48] {ese} L sndk .10
[09:48] {dino} asgn sm l .01 ave
[09:48] {dptl} oh pres day
01[09:50] {Threei} Long Setup:  BBRY  .80 break
01[09:51] {Threei}  If holds  .70
[09:51] {ese} out sndk .52 +.42
[09:52] {ese} was sm only 400 shs
[09:52] {dino} gj
01[09:53] {Threei}  *(US) FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 76.3 V 74.8E
[09:54] {patel} GDX is tryign to hold 40
01[09:56] {Threei}  1:1
[09:56] {dptl} out rimm ty
[09:56] {dptl} oops bbry
01[09:57] {Threei}  it's like Nutcracker and Ballbreaker... same thing
[09:57] {dptl} lol
[09:58] {dino} out asgn .68, +.67
[09:58] {scottie} out bbry tks Vad
[09:58] {jdetente} thx Vad
[09:58] {ese} wtf......what was i thinkin......out elli .79 -.60..........buy a stock adn lose track of it
01[09:58] {Threei}  yw
01[09:58] {Threei}  wow
[09:59] {ese} wow is right
[09:59] {nemo} why don't you put a stop loss in
[09:59] {ese} was sm though
01[09:59] {Threei}  GDX... I knew it was a good short two days ago :(
[09:59] {patel} yeah
[09:59] {ese} am dn 250 on the day so far......sndk has offset that........sheesh
[10:00] {dino} elli sm l .98
[10:00] {ese} talk about fallin asleep.........i know i went obed late last night but whoa
[10:00] {cc_8} Among the companies with shares expected to trade actively in Friday’s session are Herbalife Ltd. (HLF), Burger King Worldwide Inc. (BKW) and Agilent Technologies Inc. (A).
[10:02] {dino} mtrx sm s .04
01[10:03] {Threei} Short Setup: BBRY  .70 break hl
01[10:03] {Threei}  If holds  .80
01[10:03] {Threei}  aggressive for .60
[10:03] {patel} missed it
[10:03] {dptl} yah
01[10:04] {Threei}  1:1
[10:04] {scottie} missed it too
[10:05] {dino} cov ccl .10, +.20
[10:05] {jdetente} scalp. thanks Vad
01[10:06] {Threei}  yw
[10:06] {patel} wprt spike up
[10:07] {ese} hey nemo......sorry forgot to answer your question re the stop loss............though I had.....plain and simple "F' up......was looking away and didn't realise it
[10:07] {dino} s wprt .89
[10:07] {dino} sm
[10:08] {patel} ncie dino on WPRT
[10:08] {dino} thx patel, cov wprt .56, +.33
[10:09] {thomcbell} any reason wprt is running?
[10:09] {dino} nope
[10:09] {ese} take over chatter
[10:09] {dino} ahh
[10:10] {ese} just looking at trade the news
01[10:10] {Threei}  BBRY
[10:10] {dptl}  JCP .50 long?
[10:10] {ese} L elli .05
[10:11] {patel} Nice call Threei
[10:11] {patel} I wasnt fast enough
[10:11] {dino} thx ese on elli nidea, out .30, +.32
01[10:11] {Threei}  ty
01[10:11] {Threei}  JCP, yes
[10:11] {ese} your welcome......too bad i didn't play it right
01[10:11] {Threei} Short Setup: GDX  40 break
01[10:11] {Threei}  If holds  .10
[10:12] {dino} sh*t happens buddy
[10:12] {ese} indeed
[10:13] {dino} mtrx woof, cov .02 +.02
[10:13] {scottie} can't short
01[10:14] {Threei}  yeah
01[10:14] {Threei}  anyone can?
[10:14] {dptl} i did .99
[10:14] {patel} I got in at .99
01[10:14] {Threei}  huh
01[10:14] {Threei}  wait, now I can too
[10:15] {patel} ???
01[10:15] {Threei}  someone must have covered and freed shares for me
[10:15] {Will49} cc8 see chat
[10:15] {patel} target on GDX
01[10:15] {Threei}  1:2
01[10:15] {Threei}  broker might have limited inventory for the name, patel
[10:16] {patel} market should help us as it is coming in
01[10:16] {Threei}  so if all available shares are shorted, you may see unavailable
[10:16] {ese} out elli .48 +.43
01[10:16] {Threei}  but if someone covers, they become available for you again
01[10:16] {Threei}  1:1
[10:16] {dptl} out ty
[10:17] {dptl} i freed some shares
[10:17] {scottie} XL l .75 ?
[10:17] {ese} nemo....ya there
[10:18] {dptl} JCP getting closer
01[10:18] {Threei}  chart is right scottie
01[10:18] {Threei}  market suddenly weakened
[10:19] {dptl} i jcp
[10:19] {dptl} stop under .40
[10:24] {dptl} out ty
[10:24] {scottie} +.09 tks dp
[10:24] {nemo} yep ese
[10:26] {ese} I snaswered your question re the stop up above........was just plain and stupid this morning
[10:26] {ese} L mnst .44
[10:26] {nemo} ahhh
[10:26] {nemo} mnst at 50 day and above R3 I would think about shorting here
[10:28] {ese} looking for a quick jump then out
[10:30] {ese} out mnst  .65 +.21
[10:32] {dino} markets slowing down already
[10:37] {jdetente} good scalping so far
[10:37] {jdetente} thx Vad
01[10:39] {Threei}  :)
01[10:39] {Threei}  CNN anchor suggests meteor hurtling toward Earth could be a result of global warming
01[10:39] {Threei}  what???
[10:39] {nemo} yeah, what an idiot
01[10:39] {Threei}  are these people utterly and completely insane?
[10:39] {nemo} agenda
[10:39] {jdetente} I heard that the other day...hilarious
[10:39] {ese} huh
[10:40] {ese} ya know......when I read stuff like that....I realise I have job security for life..........man there are some stupid people out there
[10:41] {dptl} FAST hanging at the high
[10:41] {jdetente} Try working at a large financial institution ese...that's when I realized I can always find employment. lol
[10:41] {ese} L bbry
01[10:41] {Threei}  actually it's just the opposite I am afraid
[10:41] {ese} I'll bet eh jd
[10:42] {ese} .45 for bbry
01[10:43] {Threei}  at some point the sheer number of stupid reaches critical mass and they start ostracising anyone with IQ above the baseboard
[10:43] {ese} indeed....lol
[10:43] {dino} well, thats atlas shrugged
[10:46] {dptl} .20 short ?FAST
[10:46] {dptl} ?
01[10:46] {Threei}  nah
[10:46] {ese} L bbry avg .47
[10:46] {dptl} K
[10:47] {dptl} oops....ok
[10:53] {thomcbell} jcp tails on the 10 minute have me looking for a short setup
[10:55] {dptl} feels like everyone left...so slow
[10:56] {ese} not me.........
[10:56] {ese} bbry is going nuts again
[11:01] {dino} good one ese
[11:01] {dino} qcom l .50
[11:02] {dptl} DG .90 long?
[11:02] {ese} tks dino out bbry .75 +.30
[11:03] {ese} i hit it with another 3k
01[11:03] {Threei}  can't tell
[11:03] {ese} makes up for early morning stupidity
[11:03] {patel} dp u still in JCP
[11:03] {dptl} no just scalped it
01[11:04] {Threei} Short Setup: GDX  .85 break
01[11:04] {Threei}  If holds  .95
01[11:07] {Threei}  Invalidated
[11:12] {scottie} JCP l .75 ?
01[11:13] {Threei}  50/50
[11:14] {scottie} tks
[11:17] {dino} qcom stop -.05
[11:19] {scottie} VLO s .05 ?
01[11:20] {Threei}  hl, yes
[11:20] {scottie} in .04
[11:20] {dptl} pivot at 46.99 VLO can stop there
[11:29] {scottie} out -.12
[11:30] {scottie} looks like you were right dp :)
[11:30] {thomcbell} short setup bbry 14.54 break if holding 14.64
[11:35] {ese} L bbry .61
[11:37] {thomcbell} yes beginning to look more like a long
[11:38] {dino} vxx l .05
[11:39] {ese} whats up?  spyders tankin
01[11:40] {Threei}  no news
01[11:40] {Threei}  there is G20 session coming, and it looks like currency war will be front and center
[11:41] {dptl} global warming ? lol
01[11:41] {Threei}  with pressure mounting on USA to sop the borrowing
01[11:41] {Threei}  stop
01[11:41] {Threei}  which as we know well means market crash
[11:41] {dino} its a race to devalue the fastest
[11:41] {dino} inflate it all away
[11:42] {scottie} CLF s .75 ?
01[11:43] {Threei}  hl... looks tempting
[11:44] {scottie} can't short
[11:44] {dptl} not available here
[11:45] {scottie} and that's the good news
[11:45] {dptl} and its good its not
[11:45] {patel} yeah
01[11:45] {Threei}  lol
[11:45] {patel} that would have stopped us out so fast.
[11:45] {dptl} trading gods on our side :)
[11:50] {ese} dino you out of elli or are you still in there?
[11:52] {dino} out vxx
[11:52] {dino} +.03
[11:57] {dptl} ok...taking a break for an hour
[12:04] {dino} me too, things are dead
01[12:05] {Threei}  {Things} we just play dead... waiting for you to turn away
[12:14] {ese} what da ya mean....don't interupt my brain by thinkin.........if this thing wouldn't cut me off then i wouldn't have to think..............SO THERE!
01[12:14] {Threei}  lol
[12:17] {Will49} TBell..tks on BBRY +.16
[12:19] {thomcbell} jcp - all that distance covered to just get back to pivot
[12:19] {thomcbell} i dont know - not a short setup yet but getting interesting
[12:25] {ese} don't know about you all but me and the family are going out for horsemeat burgers tonight.........looks like it's the new delicacy..................YUK!  what the frig next
[12:26] {dino} lol
01[12:26] {Threei}  hmmm
[12:26] {dino} first pink slime, now horse
[12:26] {dino} suppose cat & dog are next (a my dog reads this and runs out the door)
[12:27] {ese} and posibly after that........maybe some light entertainment..........overthrowing a 3rd world government somewhere...........perfect family friday night
[12:27] {ese} lol
[12:27] {Will49} we live in interesting times
[12:27] {ese} no kidding eh
[12:28] {ese} I think the only sane people around are those on this board
[12:28] {ese} hmmmmmmmmmm..............I think i'm gonna re think that
[12:29] {dino} indeed
01[12:30] {Threei}  psst ese... *cough* nemo *cough*
[12:30] {Will49} yea ese, everyone else is insane except you an me...and I'm starting to wonder about you:)
[12:31] {nemo} full moon?
[12:31] {Will49} :)
[12:40] {thomcbell} long setup aig 38.88 break if holding 38.81
[12:43] {ese} lol
[12:43] {patel} any read on NAV
[12:44] {patel} 27.19 long
[12:44] {ese} wow sure...........wait til i'm in the shower and then attack me...........huh
01[12:44] {Threei}  not a good time of the day for this kind of setups, patel
01[12:44] {Threei}  sounds dirty ese
[12:45] {ese} ?
[12:45] {patel} thanks threei
[12:45] {ese} I'll have you know that I represent that remark
[12:47] {ese} I've got some errands to run......L bbry avg
[12:48] {ese} .49
[12:48] {ese} will catcy you later this morning
01[12:48] {Threei}  you intend to hold it over the long weekend?
01[12:48] {Threei}  or return today?
[12:49] {ese} hmmmmmmmm.....preferably out today.......want to see how it reacts end of day
[12:49] {Will49} just kidding ese
[12:50] {Will49} just a couple of Hosers horsing around eh?
[12:50] {ese} no you wern't..........i can tell..........your nemos friend now
[12:50] {Will49} not on your life
01[12:50] {Threei}  we all are
[12:50] {ese} lol
01[12:50] {Threei}  who wants to be on his postal worker list, in ink?
01[12:51] {Threei}  or subjected to this look: http://tradinglog.realitytrader.com/2013/02/nemo-special.html
[12:51] {ese} awesome
[12:52] {ese} cya later
[12:53] {Will49} good one Vad
[12:56] {thomcbell} ha
[12:59] {dptl} Chelyabinsk meteor shower....shattered windows in some places
[12:59] {dptl} http://www.washingtonpost.com/world/europe/meteorite-falls-in-russias-chelyabinsk-region-damage-and-casualties-unclear/2013/02/15/7041c0c8-7732-11e2-b102-948929030e64_story.html
[13:00] {dptl} must be global worming...lol
[13:00] {dptl} warming
01[13:00] {Threei}  good morning dp
[13:00] {dptl} worming lol....
01[13:00] {Threei}  we spoke of it like couple hours ago, lol
01[13:01] {Threei}  I hope ese placed a stop on his BBRY
[13:01] {dptl} oh you did   :)
01[13:02] {Threei}  [10:39] {Threei} CNN anchor suggests meteor hurtling toward Earth could be a result of global warming
01[13:02] {Threei}  [10:39] {Threei} what???
01[13:02] {Threei}  [10:39] {nemo} yeah, what an idiot
01[13:02] {Threei}  [10:39] {Threei} are these people utterly and completely insane?
[13:03] {dptl} oh...missed that one
[13:03] {Will49} go back to bed?
[13:03] {Will49} :)
[13:08] {dptl} yeah ::)
[13:12] {dptl} DG long?
06[13:13] * Threei slaps dptl around a bit with a lunchtime breakout
[13:14] {dptl} lol isnt almost over?
[13:14] {patel} ha
[13:14] {thomcbell} long setup splk 35.25 break if hholding 35.15
01[13:14] {Threei}  do you much activity at this time of the day this week?
01[13:15] {Threei}  or you are looking at formal lunch hours and go by that?
[13:16] {scottie} AOL s .40 ?
01[13:17] {Threei}  yup, hl
[13:18] {scottie} in .40
[13:24] {Will49} in .39
[13:29] {scottie} ut +.10
[13:29] {scottie} out
[13:31] {Will49} practicing patience
[13:31] {scottie} still in will ?
[13:31] {Will49} yes
[13:32] {dino} psmi
[13:32] {Will49} my 1:1 is .29
[13:32] {dino} asgn sm l .95
[13:33] {dino} psmi sm s .50
[13:35] {Will49} so Vad..here's a newby question: you enter a .50 short break at .48....is your 1:1 then .38?
[13:35] {dptl} no
[13:35] {Will49} or still .40
[13:35] {dptl} still .40
[13:35] {Will49} hmmm
[13:36] {patel} I believe it is .40
[13:36] {Will49} tks guys
01[13:36] {Threei}  chart is a chart - pattern doesn't change because of your entry of which market knows nothing
[13:36] {patel} then again nothing I say is correct.
[13:36] {patel} lol
[13:37] {Will49} you are correct patel :)
[13:38] {Will49} wonder how much that little wrinkle has been costing me?
[13:39] {dino} cov psmi .ndaq
[13:39] {dptl} FDO?....or still lunch time?
[13:39] {dino} psmi cov .62 -.12
[13:39] {dino} ndaq spike, sheesh
[13:43] {scottie} NFX s .05 ?
01[13:43] {Threei}  not sure
[13:43] {scottie} ok
[13:44] {scottie} did you take fdo dp ?
[13:45] {dptl} out fdo +.10
[13:45] {scottie} gj dp
[13:45] {dptl} shesh DG
[13:48] {dino} that ccl is a trooper. all that bad publicity and its green
01[13:49] {Threei}  doesn't look like it's going to have any consequences
01[13:49] {Threei}  they said yesterday no cancellations, no decrease in bookings
[13:49] {dino} they announced .08/share hit, but it still holds
[13:50] {dino} prime example of trade what you see, not what you think
[13:53] {thomcbell} same with jcp today
[13:57] {dino} can can just imaging summer afternoons this year. scanners won't move
[13:57] {dino} imagine
[14:02] {dptl} AIG short?
01[14:03] {Threei}  can't tell
[14:03] {dptl} k
[14:04] {dptl} dg ...lol
[14:04] {dptl} all the way back
[14:09] {dptl} wow
[14:09] {patel} whoa DG
[14:10] {patel} FDO droppage
[14:10] {dptl} bad lunch must be they've had
[14:10] {nemo} "http://online.wsj.com/article/SB10001424127887323701904578276491630786614.html?mod=WSJ_hps_sections_opinion
01[14:11] {Threei}  DG is sympathy to WMT
01[14:11] {Threei}  and WMT had bad Feb same-store sales
[14:11] {dptl} and they took jcp with them
01[14:11] {Threei}  same for FDO
[14:16] {dptl} KSS as well
[14:16] {thomcbell} i guess there is something about wmt sales
[14:16] {thomcbell} out there
[14:16] {patel} and HD, MCD, TGT, COST, DLTR,
[14:17] {patel} SBUX
[14:17] {patel} any play on GDX here
[14:17] {dptl} is that what couse market drop? wall mart news?
01[14:18] {Threei}  looks like
[14:18] {dptl} hmm....
[14:21] {patel} Wal-Mart (WMT) and peers Target (TGT), Costco (COST), Dollar General (DG) and Family Dollar (FDO) are moving lower after Bloomberg reported that Wal-Mart's February sales were called a "total disaster" in a leaked internal memo.
[14:24] {dptl} Will, still in aol?
[14:24] {nemo} that's funny because the XRT was leading this morning
01[14:25] {Threei}  Wal-Mart Stores Inc Exec: Feb same-store sales got off to the worst start the firm has seen in nearly seven years, attribute poor sales to payroll tax cut expiration
[14:25] {Will49} no...out with a gain of .12
[14:26] {dptl} nice.:)
[14:26] {scottie} gj will
[14:26] {Will49} took a lot of patience
[14:26] {scottie} nice patience too
[14:26] {scottie} lol
[14:26] {dptl} like fishing
[14:26] {Will49} as the Vad says...trade to learn
[14:28] {scottie} ok guys, long weekend starts here, see you all tuesday
[14:28] {Will49} take care scottie
01[14:28] {Threei}  take care scottie, have a good one
[14:28] {dino} cya scottie
[14:28] {dptl} see ya :)
[14:29] {scottie} will, dino, dp :)
[14:30] {dino} fdo sm l .95
01[14:30] {Threei}  WMY jump
01[14:30] {Threei}  DG and FDO are likely to follow
[14:31] {dino} out .30, +.35
[14:31] {patel} any play those
[14:31] {patel} DG hasnt jump that much
01[14:31] {Threei}  FDO did follow
01[14:31] {Threei}  DG starts
[14:31] {dino} just did patel
01[14:32] {Threei}  WMT CNBC indicates it received a statement calling certain internal communication as always not entirely accurate and will release sales numbers in regular interval
[14:35] {dino} dds sm l .07
[14:41] {dino} out dds .57, +.50
[14:42] {dino} thx for idea patel
[14:42] {patel} huh
[14:42] {patel} why my name mentioned
[14:42] {dino} you brought up walmart, so i checked others
01[14:43] {Threei}  ph, just shut up and take the credit
[14:43] {patel} haha
[14:43] {patel} you welcome
[14:43] {dptl} lol
[14:43] {patel} I took no trades :(
[14:43] {dino} traders trade
01[14:43] {Threei}  seriosuly man, what's wrong with you - you are being thanked, and you object? :)
[14:43] {patel} lol
01[14:43] {Threei}  "sure buddy, any time!"
01[14:44] {Threei}  this is one fragile market
01[14:44] {Threei}  remember our discussion recently,
01[14:44] {Threei}  about this climb
01[14:45] {Threei}  complacency getting widespread
01[14:45] {Threei}  and how it's likely to end very abruptly at some point.
01[14:45] {Threei}  I don't think we are there yet,
01[14:45] {Threei}  but this is how it's goijg to happen eventually
01[14:45] {Threei}  no warning shot, out of nowhere
[14:51] {dino} cg spike
[14:52] {dino} can't borrow
[14:57] {dptl} hal short?
01[14:57] {Threei}  .35... hl
[15:03] {dptl} stop .41
01[15:09] {Threei}  rofl
[15:09] {patel} ???
01[15:09] {Threei}  one of the buses carrying passengers from that doomed cruise ship broke down
[15:10] {patel} hahaha
01[15:10] {Threei}  can you imagine those guys?
[15:10] {patel} yeah i read about it this morning
[15:10] {patel} that was funny
01[15:10] {Threei}  "Again????"
[15:10] {Will49} shheeees
01[15:11] {Threei}  I envision myself in this situation... walking off a bus quietly, lifting my gaze to the sky and asking: so, going to tell me what I've done to you?
[15:12] {patel} 1:1 baby
[15:12] {Will49} yeah man
[15:13] {dino} fdo sm l .50 stop lod
01[15:13] {Threei}  there was old russian joke, about a guy with all thinkable disasters rasining on him, at some point droopping on his knees and screaming: why, why, what did I ever do to you??
01[15:14] {Threei}  heavens open, thunder, lighting, whole nine yards,
01[15:14] {Threei}  voice from above says musingly:
01[15:14] {Threei}  Look... I just really really dislike you...
[15:15] {dptl} lol..ya i know that one
[15:16] {dptl} out hal 1:1...i'll finish here
[15:16] {dino} gj
[15:16] {dptl} ty
[15:17] {patel} gj
[15:17] {Will49} tks dp...I'll hang in there for you
[15:18] {dptl} 6 for freaking 6....have a good weekend all see ya tue :)
[15:18] {Will49} excellent...see ya
[15:18] {patel} nice
[15:18] {patel} take care
01[15:18] {Threei}  wait!
[15:18] {dptl} oo
06[15:18] * Threei slaps dptl around a bit with a large bottle of frozen vodka for celebration
01[15:18] {Threei}  now go
[15:19] {dino} wtfg dp!
[15:19] {Will49} haha
[15:19] {dptl} oh...ty..lol
01[15:19] {Threei}  you are very welcome
01[15:19] {Threei}  see what picky disciplined trading does?
01[15:19] {Threei}  wonders!
[15:19] {dptl} yes
[15:19] {dino} out fdo .68, +.18
[15:20] {dino} less is more dp
[15:21] {dptl} very true....cuting my activities in half
[15:21] {dptl} or more
01[15:21] {Threei}  nope
01[15:21] {Threei}  wrong approach
[15:22] {Will49} out HAL flat
01[15:22] {Threei}  here is the right one:
01[15:22] {Threei}  tailor your activity to the market
[15:22] {dptl} ye ye right...
01[15:22] {Threei}  trim down when nothing happens, ramp up when activity rises
01[15:22] {Threei}  swim with the current
[15:23] {dptl} yep...:)
[15:30] {jdetente} calling it a week. Have a great long weekend!
01[15:30] {Threei}  you toojd
[15:30] {Will49} Peace jd
[15:30] {Will49} don't take any cruises or buses
[15:30] {jdetente} haha
[15:31] {jdetente} just hitting the beach
[15:31] {Will49} where?
01[15:31] {Threei}  with what?
01[15:31] {Threei}  2x4?
[15:31] {jdetente} possibly
[15:31] {jdetente} Malibu area
[15:31] {Will49} nice
01[15:31] {Threei}  say hello to Charlie
[15:33] {jdetente} hopefully he has some nine gram rocks lol
01[15:34] {Threei}  Rep. Charles Rangel (D-N.Y.) on Friday said he plans to introduce legislation that would bring back the military draft and extend it to women for the first time.
01[15:34] {Threei}  Rangel, who has pushed for years to bring back the draft, said the Pentagon�s decision to allow women to serve in combat means that they too should register for the Selective Service.
01[15:49] {Threei}  ok guys, thank you all
[15:49] {Will49} Another great day Vad...have a good rest everybody!
01[15:49] {Threei}  have a great long weekend
01[15:49] {Threei}  see you on Tuesday
[15:55] {patel} take care

Feb 14 2014.

Love was in the air. Market loved us and we loved it. Very nice easy profitable day.


Session Time: Thu Feb 14 00:00:00 2013
[09:03] {patel} GM
01[09:03] {Threei}  patel :)
[09:03] {dino} gm
01[09:03] {Threei}  dino :)
[09:14] {scottie} good morning
[09:14] {nemo} HFT feeding on themselves:  http://www.zerohedge.com/news/2013-02-13/how-getco-went-hft-trading-giant-dwarf-and-raked-over-50-million-te-expenses-along-w
[09:14] {Will49} gm
01[09:14] {Threei}  scottie, will :)
[09:15] {cipher} gm
[09:15] {nemo} I think I need to drop the JD Honey, tastes too damn good
[09:15] {jdetente} gm
[09:16] {patel} You tried the Crown Royal Maple
01[09:16] {Threei}  jd :)
[09:16] {nemo} no, but saw that...
[09:17] {dptl} gm
01[09:17] {Threei}  dp :)
[09:19] {ese} morning
01[09:19] {Threei}  ese :)
[09:20] {ese} big merger...American airlines and Us Airways
01[09:21] {Threei}  now instead of one money-losing bad custimer service company we have one
01[09:21] {Threei}  umm
01[09:21] {Threei}  instead of two we have one
[09:23] {patel} I never fly AA or US Airways
[09:25] {dino} never say never
01[09:26] {Threei}  just wait till they all merge, what do you fly then :)
[09:26] {ese} nemo..........i'm not sure I understand that article ...who is GETCO
01[09:27] {Threei}  cipher :0
01[09:27] {Threei}  one of the biggest players in HFT/dark pools area ese
[09:28] {ese} call me naive i guess......what are dark pools
01[09:28] {Threei}  sorry, later... 2 min till open
[09:28] {ese} ok
01[09:29] {Threei}  what's with GDX gap up while market's down
01[09:31] {Threei} Short Setup: GDX  .60 break
[09:33] {cipher} disca l .16
[09:33] {cipher} out .47
[09:34] {dptl} .70 stop gdx?
01[09:34] {Threei}  .68
01[09:34] {Threei}  let's be pedantic
[09:34] {thomcbell} FB impressive strength
[09:35] {cipher} wfm s .94
[09:35] {cipher} cov.75
01[09:36] {Threei} Long Setup:  CLF  .60 break hl
01[09:36] {Threei}  no go GDX
[09:38] {cipher} nflx l .18
[09:38] {cipher} out .55
[09:39] {scottie} too fast for me
[09:39] {dptl} no fill clf
[09:39] {jdetente} in $ .62
01[09:40] {Threei}  1:1 for ya
[09:40] {ese} excellent clf call vad........saw it to late
[09:40] {cipher} alxn l .92
01[09:40] {Threei}  1:2, feel free to get out
[09:41] {jdetente} out 1:2 ty
[09:41] {cipher} out .23
[09:41] {patel} out at .80
[09:41] {patel} nice call Vad
01[09:41] {Threei}  :)
[09:41] {dino} alxn sm l .50
01[09:41] {Threei}  I get it ese... you took me off ignore but put on delay
[09:42] {Will49} my brain is only thing on delay this morning
[09:42] {ese} lol
[09:42] {Will49} took a sip of coffee and missed entry
01[09:42] {Threei} Short Setup: LVS  .55 break
01[09:42] {Threei}  If holds  .65
[09:43] {dino} stopped -.30
[09:43] {dino} alxn sm l .28
[09:44] {dino} out .42, +1.14
[09:44] {cipher} wtg dino
[09:44] {dino} lucky spike
[09:45] {cipher} yea that thing can move
01[09:45] {Threei}  no kidding
01[09:45] {Threei}  lol
[09:45] {dino} definition of pulp!
[09:47] {cipher} ALXN S .92
01[09:47] {Threei}  big size bid at .55 held LVS so fat but if/when it gives up, should drop fast
[09:47] {cipher} cov .51 +.41
01[09:48] {Threei}  that WAS fast, wasn't it
[09:48] {dptl} what the....didt get it
[09:48] {Will49} no kidden
[09:48] {jdetente} darn it
[09:48] {Will49} missed again
[09:48] {scottie} too fast
01[09:48] {Threei}  1:2 in a hurried rushed rapid fast hurry
[09:48] {patel} got filled at .53
[09:48] {jdetente} gj
01[09:49] {Threei}  nice patel
01[09:49] {Threei}  I looked at the scanner for 1/654 of a second
01[09:49] {Threei}  and that was enough to miss it
[09:50] {Will49} patel is a top gun
[09:51] {nemo} cstr into gap
[09:52] {jdetente} wow ALXN
[09:52] {dino} alxn sm l .06
[09:52] {jdetente} volatility king today
[09:52] {dino} out .09, +1.03
[09:52] {nemo} not according to the vxx
01[09:52] {Threei}  he means ALXN nemo
[09:52] {jdetente} no, I mean ALXN is volitility king for the day
01[09:52] {Threei}  wake up
[09:53] {jdetente} what he said lol
[09:53] {dino} need volitility to make cake
[09:53] {patel} any read on WIN
01[09:53] {Threei}  flatlined totally
06[09:54] * nemo detente in pen or pencil?
[09:54] {dino} out exch swing from yesterday .10, +.85
01[09:54] {Threei}  it's not a very good mover... even with this gap not much room for profit
[09:54] {patel} okay.
[09:55] {ese} am day late dollar short today........everything i click on has already made a move....
[09:55] {dino} better than my yesterday, i was just wrong
[09:56] {thomcbell} bbry 13.40 break if holding 13.50  Vad?
[09:56] {thomcbell} invalidated anyway
01[09:56] {Threei}  broke .50, but I still like the idea
01[09:56] {Threei}  let's just reclibarate it
01[09:56] {Threei}  ad double top,
01[09:56] {Threei}  break of .50 if holding .60
01[09:57] {Threei}  ad = as
01[09:57] {Threei}  you are out LVS patel?
[09:57] {patel} yes
[09:58] {patel} 1:2
01[09:58] {Threei}  ok, cool
01[09:59] {Threei} Short Setup: FB  .40 break
01[09:59] {Threei}  If holds  .50
[09:59] {cipher} tfm s .52
[10:00] {ese} L bbry .52
[10:01] {thomcbell} wow lvs dont look vad
01[10:01] {Threei}  I will not
01[10:02] {Threei}  ever
[10:03] {cipher} cov tfm .25 +.27
[10:05] {dptl} kbh .85 long?
01[10:06] {Threei}  not sure...
01[10:06] {Threei}  chart is dwecent but a range is a bit too narrow
[10:08] {nemo} oil names are ripping
[10:09] {cipher} ALXN S .52
[10:09] {scottie} CCL s .80 ?
[10:09] {cipher} COV .00 +.52
[10:10] {scottie} I guess not
[10:10] {Will49} :)
01[10:10] {Threei}  lol
[10:11] {Will49} I talk to myself too scottie
[10:11] {Will49} outloud
[10:11] {ese} bbry you sloth..........get a move on
01[10:11] {Threei}  looking at it, scottie - would have been no anyway,
[10:11] {scottie} lol
01[10:12] {Threei}  no consolidation at all, dropped into .80, haven';t has a chance to make it a valid support to break
01[10:12] {Threei}  compare it to .90 break a few min earlier
[10:12] {scottie} I see tks
[10:13] {cipher} AMZN L.70
01[10:13] {Threei} Long Setup:  BP  42 break
[10:13] {cipher} out .00 +.30
01[10:13] {Threei}  If holds  .90
[10:13] {ese} i'm getting the..."I could be on the wrong side of this trade"....feeling
01[10:14] {Threei}  what can I say ese... this feeling is natural for any married man on Feb 14
[10:14] {jdetente} lol!
[10:14] {scottie} haha
[10:14] {jdetente} now that is the joke of the day
[10:14] {Will49} true dat
[10:14] {ese} rotflol
[10:15] {ese} definitely joke of the day
[10:15] {patel} lol
[10:15] {cipher} mnst l .96
01[10:17] {Threei} Short Setup: LVS  53 break
01[10:17] {Threei}  If holds  .10
[10:18] {dino} out clf swing from yesterday at .20, +.95
[10:18] {Will49} jd runs out to buy valentine card
[10:22] {patel} BP still valid right
01[10:22] {Threei}  yes
[10:23] {ese} out bbry .86 +.34 on 3k........thats my day.......gotta go to the dentist....see ya in a couple of hours maybe
01[10:23] {Threei}  wtg ese
[10:23] {Will49} open wide
[10:24] {patel} gj ese
[10:24] {scottie} ese
[10:24] {ese} ya was a good one
[10:29] {scottie} half out tks Vad
01[10:29] {Threei}  1:1
01[10:29] {Threei}  yw
[10:30] {patel} half out tks VAD
[10:30] {dptl} me too half out ty
01[10:30] {Threei}  :)
[10:30] {Will49} yes me too...tks Vad
[10:30] {scottie} adjusting to slow grind up day ? :)
01[10:30] {Threei}  very clean setup, and unlike some of earlier ones, easy to get
01[10:30] {Threei}  pretty much scottie :)
[10:30] {cipher} alxn l .02
[10:30] {Will49} not a moment too soon
[10:31] {patel} would love to see BP fill the gap today.
01[10:32] {Threei}  someone who couldn't get in BP would be ungit to judge speed contest between a turtle and a snail
01[10:32] {Threei}  unfit
[10:32] {patel} lol
[10:33] {dptl} lvs still valid right?
[10:33] {scottie} stop .05 ?
01[10:34] {Threei}  LVS yes
[10:34] {cipher} out alxn .74 -.28
[10:34] {cipher} out mnst .16 +.19
[10:35] {dino} mktx
[10:36] {cipher} alxn l.89
01[10:36] {Threei}  scottie, let's trail to .04 after it recrosses .10 again
[10:37] {scottie} ok
[10:39] {cipher} out alxn .28 +.39
[10:49] {scottie} SKX l 22 ?
[10:50] {jdetente} let's go BP .02 more
01[10:50] {Threei}  a bit too thin, SKX
[10:50] {scottie} ok
01[10:52] {Threei}  1 cent
01[10:52] {Threei}  duirect hit on 1:2
01[10:52] {Threei}  -u
[10:52] {jdetente} there it is nice
[10:52] {scottie} out +.19 tks Vad :)
01[10:52] {Threei}  yw
[10:52] {Will49} yooha!
[10:52] {jdetente} keeping a quarter if we can hit 1:3
[10:53] {jdetente} trailing to .10
01[10:53] {Threei}  .09
[10:53] {jdetente} yes .09 I mean
[10:54] {dptl} met .50 long?
01[10:55] {Threei}  yes
[11:00] {scottie} HAS l .80 ?
01[11:01] {Threei}  nah, time is getting out of the range for this kind of plays
[11:01] {scottie} ok
[11:04] {dptl} yum .90 short?
01[11:05] {Threei}  yup
[11:06] {dino} enoc spike
01[11:06] {Threei}  actually, .93 break
01[11:06] {Threei}  see big bid?
[11:06] {dptl} in .91
[11:06] {dino} sm s .15
[11:06] {jdetente} out in full BP. thanks again Vad
01[11:06] {Threei}  yw
[11:07] {patel} missed it
[11:07] {patel} jumped to fast
[11:07] {dino} bit of blood alxn
01[11:10] {Threei}  LVS
01[11:10] {Threei}  still valid
01[11:11] {Threei}  or I shall say, valid again
[11:11] {dptl} half out yum
[11:11] {patel} nice dp
[11:11] {Will49} yummy dp
01[11:11] {Threei}  yummy
01[11:11] {Threei}  ugh
01[11:12] {Threei}  will beat me to a pulp
[11:12] {scottie} half out yum, tks dp
[11:12] {dptl} :)
[11:12] {Will49} lol
01[11:12] {Threei}  the only consolation I have is, it was a bad pun
[11:12] {Will49} fast on the comments slow on entrys:)
[11:12] {Will49} me
[11:12] {Will49} entries
01[11:13] {Threei}  lol
[11:13] {dptl} stop to .91
01[11:13] {Threei}  stop it will... no such thing ads perfection in typing on this board
01[11:13] {Threei}  ads = as
01[11:13] {Threei}  see? :)
[11:13] {Will49} ok
01[11:14] {Threei}  if you start typing perfectly, we will all suffer of horrible inferiority complex
[11:14] {dptl} out
[11:15] {Will49} i won't letthat happen
01[11:16] {Threei}  pliz dontt
[11:16] {Will49} lol
[11:20] {dptl} cnx .95 long?
[11:21] {dptl} in .96
[11:22] {dptl} out half
[11:22] {scottie} gj dp
[11:22] {patel} nice dp
[11:22] {scottie} I hesitated a bit too long, and then it was gone
[11:22] {patel} haha
[11:22] {patel} same here
[11:23] {patel} by the time I decided I would do HL it was gone.
[11:25] {dptl} out
[11:26] {Will49} Vad, a sensitive (for you) question
[11:26] {dino} enoc stop -.15
[11:26] {Will49} Is HFT affecting the speed with which a thick stock will run after a break?
01[11:26] {Threei}  quite possible
01[11:27] {Threei}  providing HFT trades this stock
01[11:27] {Threei}  most of the names are not in HFT sphere of interest
[11:27] {Will49} I seem to be missing entries more often on the big stocks
01[11:28] {Threei}  LVS is about to trigger
01[11:28] {Threei}  not sure what "big stock" means
[11:29] {dptl} in lvs
[11:29] {patel} in lvs
[11:29] {Will49} in
01[11:29] {Threei}  1:1
[11:29] {dptl} out half
01[11:30] {Threei}  nice and easy
[11:33] {dptl} out
[11:33] {dptl} is it scalp only day or what?
[11:34] {scottie} didn't take my bid at .90, out flat
[11:34] {dptl} no i got .90
[11:34] {patel} i took .91
[11:35] {patel} oout flat on the rest
[11:35] {dptl} ye
[11:35] {dptl} it'll drop now
[11:35] {jdetente} watch it go 1:2 now...lol
[11:36] {jdetente} ce'st la vie
[11:36] {scottie} BHI s .30 m?
[11:36] {scottie} -m
[11:38] {scottie} wow forget it
[11:39] {dptl} here it is lvs...oh well
[11:40] {Will49} out +.23
[11:40] {dptl} heh Will...nice
[11:40] {scottie} gj will :)
[11:41] {Will49} best one in a long while
[11:41] {scottie} you had the guts to stay in, great
[11:41] {dptl} coh .20 short?
[11:41] {Will49} actually missed first 1:1 hit
[11:42] {Will49} so it was error instead of guts
[11:42] {scottie} lol
[11:44] {scottie} CCL dt ?
01[11:45] {Threei}  formally yes
01[11:45] {Threei}  for a trade, not sure
01[11:45] {Threei}  too narrow
[11:45] {scottie} ok
[11:46] {dptl} coh?
01[11:46] {Threei}  yes
01[11:46] {Threei}  hl
01[11:46] {Threei}  lol
[11:49] {Will49} does coh need to hold .25?
[11:49] {cipher} ALXN S .76
[11:50] {dptl} .30 Will...i think
[11:50] {Will49} tks
01[11:51] {Threei}  yeah
[11:51] {Will49} see dp, after my biggest win I'll even go after your calls:)
[11:52] {dptl} :)
[11:52] {Will49} sorry dp, that was a nemo type comment
01[11:53] {Threei}  just apply the right procedure of profit preservation
[11:53] {Will49} yes sir!
[11:53] {nemo} no...I would never go after his calls
[11:53] {dptl} lol
[11:53] {Will49} but you'd make a snide comment
[11:54] {nemo} accurately snide perhaps
[11:54] {Will49} now there's another snide comment
[11:54] {Will49} by me
[11:54] {nemo} kindergarten level perhaps
[11:55] {Will49} ok ok
[11:55] {Will49} I give
[11:55] {Will49} bested by a pro
01[11:55] {Threei}  don't snide the snider
[11:55] {nemo} what, step in the ring by accident
[11:55] {Will49} just wiping off the blood now
[11:56] {nemo} wanna' step into the prison laundry?
[11:56] {Will49} now you're talkin
[11:56] {dptl} ntap
[11:56] {dptl} .36 long?
[11:56] {cipher} cov alxn .45 +.31
01[11:56] {Threei}  hl NTAP
[11:57] {Will49} i only half like it too
[11:57] {nemo} lunchtime break,
[11:57] {nemo} btw...keep RAX on your watch list
[11:57] {Will49} sheeesh. that LVS win has me all charged up
[11:59] {Will49} gonna step away and take a shower, see you later
[11:59] {Will49} :)
[11:59] {nemo} TMI
[11:59] {dptl} yeah lol
[12:00] {dptl} invalidated ntap
[12:15] {cipher} ssys l .15
[12:16] {cipher} out .47
[12:23] {dptl} DB?
01[12:24] {Threei}  hl
[12:24] {dptl} long? or .50 short?
01[12:25] {Threei}  man...
[12:25] {dptl} lol
[12:25] {jdetente} lunch time trades....
[12:25] {jdetente} why you want to do it?
01[12:25] {Threei}  next time you as "DB?" I'll answer "875"
01[12:25] {Threei}  you ask "what 875", I"ll ask "what DB?"
[12:26] {dptl} thats why i ask wasnt sure what side
01[12:26] {Threei}  so you want me to do double work... see if there is a setup AND determnine which one
01[12:27] {Threei}  I hate my life
[12:29] {cipher} SSYS S .62
[12:32] {cipher} out .30 +.32
01[12:34] {Threei}  COH again
[12:34] {jdetente} what was the COH call again. I got bumped out of the room and don't have it...
01[12:34] {Threei}  .20 break short hl
[12:35] {jdetente} thanks
01[12:35] {Threei}  not really a call, rather one of those excchanges that for a side observer look like typical ay in asylum:
01[12:36] {Threei}  [11:46] {dptl} coh?
01[12:36] {Threei}  [11:46] {Threei} yes
01[12:36] {Threei}  [11:46] {Threei} hl
[13:02] {cipher} alxn s .58
[13:04] {patel} everyone is so quiet
[13:05] {Will49} concentrating
[13:05] {Will49} finger on the trigger
[13:05] {scottie} keep quiet you guys, you woke me up
01[13:05] {Threei}  I am concentrating on my attempts to concentrate
[13:05] {Will49} :)
[13:05] {patel} that woke everyone up
[13:06] {patel} just making sure the chatroom is working
01[13:06] {Threei}  and this incessant chatter breaks my concentration
[13:07] {cipher} cov ALXN .25 +.33
[13:07] {dptl} stopped coh
[13:07] {patel} do anyone in here trade premarket?
[13:08] {cipher} not me
[13:09] {cipher} SSYS keeps dumping
[13:10] {cipher} where do you see it going nemo?
01[13:11] {Threei}  premarket sometimes has some tradeable opportunities although risk is much higher and in most cases it's not wirth it. But when you feel that you want 24/7 market - that's when you need to call 1-800-GAMBLE-HELP
[13:12] {jdetente} pre and post are the wild wild west
[13:12] {jdetente} especially during earning
[13:12] {jdetente} s
[13:12] {cipher} make a killing or lose your shirt
[13:12] {cipher} no thanks
[13:13] {cipher} plenty of opportunities during the day
[13:13] {patel} read on CTL
01[13:17] {Threei}  none...
[13:18] {dptl} pay long?
01[13:18] {Threei}  other than C as in cedar, T as in... etc?
01[13:18] {Threei}  pay whom?
[13:19] {nemo} sorry stepped away
[13:20] {nemo} give me a few minutes cipher
[13:23] {cipher} k
[13:25] {dptl} GMCR .10 short if holds .20
[13:27] {dptl} oh..though it broke got .10
[13:27] {nemo} 71 area has support then 70.60ish and 69.65 with the caveat of the whole number natural support
[13:27] {cipher} thx
[13:28] {dptl} stopped
01[13:29] {Threei}  I would call your eagerness to tarde and trade and trade with no pause for air unstoppable... but it would be wrong wrod
[13:30] {nemo} 71.58 is s2 on the daily with VWAP above 73.10, so you could get a bottom here, but I would definitely want to see a trend break cipher
01[13:31] {Threei}  totally random moves everywhere for the last hour or two... no trend, no drive, just bobbing listlessly
01[13:31] {Threei}  why push and take one papercut after another?
[13:33] {dptl} you right Vad....i have to review my whole trading....i am not going anywhere, just getting more frustrating ...
01[13:33] {Threei}  we spoke about it not more than 2 days ago... it's like one good day erases your memory of what made previous days bad
01[13:34] {Threei}  don't review your whole trading... pinpoint those bad habits that undermine your performance and get rid of them
01[13:34] {Threei}  you have solid basic understanding
01[13:34] {Threei}  you have no solid basic self-control
[13:36] {dptl} yeah...it's like not me most of the time...and when i wake up it's usualy to late....over and over again....dont know how to get rid of it
01[13:38] {Threei}  why don't you give a Taoist Trader second run, this time really reading and thinking how it applies to you
01[13:39] {Threei}  first time you went through motion
01[13:39] {Threei}  as if it were a required reading in school... done, over, fulfilled obligation, can forget
[13:41] {dptl} i didt read it yet...dont even have it, should get it probably
01[13:42] {Threei}  ummm
01[13:42] {Threei}  you do
[13:43] {cipher} ssys s.40
01[13:43] {Threei}  check your e-mail
[13:44] {thomcbell} hi guys had to step out for a bit
[13:45] {cipher} cov .10 +.30
[13:47] {nemo} cipher...wtf
[13:47] {thomcbell} bbry unreal move
[13:48] {cipher} I know nemo... shoot me pls
01[13:48] {Threei}  careful cipher, nemo doesn't make you ask twice
[13:49] {nemo} too messy, I'll just garotte you...nice and quick
[13:50] {nemo} ese get's the Mongolian technique...that's frickin' painful
[13:50] {cipher} so ssys going to 70
[13:51] {nemo} this .60 area was a next possibility, then you'll get a whole number test at 70, one would think, but 71 didn't, and then 69.60ish
[13:51] {nemo} that's one messy daily though, sheesh
[13:52] {cipher} yep
[13:53] {nemo} some reason I think it bouttoms out in the 68-69 area
[13:54] {nemo} whaddya think cipehr, almost to the penny it bounces  ;-)
[13:54] {cipher} wow that was quick
[13:55] {cipher} no chance
[13:55] {nemo} look at that
[13:55] {cipher} had to wait with live order
[13:55] {nemo} hehehehehehehe
[13:55] {nemo} yep
[13:55] {nemo} too frickin' funny, huh?
[13:55] {cipher} you're a psychic
[13:56] {nemo} no, just read the chart
[13:56] {nemo} psycho....one could make an argument
[13:56] {nemo} ask will
[13:56] {Will49} oh yeah
[13:56] {nemo} would you like to comment Will?
[13:57] {Will49} my lips are sealed
[13:57] {Will49} our secret nemo
[13:57] {nemo} ;-)
[13:58] {cipher} SSYS L.81
[13:58] {Will49} if I could trade like you nemo, I'd gladly don a straight jacket
[13:58] {cipher} out .32 +.53
[13:58] {nemo} vwap decending from 72.70, I would expect it to finally meet up somewhere in between
[13:59] {Will49} no disrespect Vad. Gotta learn your system cold
[13:59] {cipher} damn should have listened to nemo
[14:00] {cipher} too soon again
[14:00] {nemo} well, I would have partialled where you did, but this is the test area of old support, gets through, it gets to vwap
[14:01] {nemo} btw will...don't confuse my mapping of a chart with trading two different things
[14:01] {Will49} yeah?
[14:02] {nemo} is that a question, or a confirmation of my statement
[14:02] {nemo} ?
[14:02] {Will49} question
[14:03] {Will49} you didn't take that SSYS trade?
[14:03] {nemo} trading is entering and managing an actual trade...all I did was analyze the chart, which is a valid skill, and then point out places of inflection
[14:03] {Will49} I see
[14:09] {nemo} Now cipher is right,  no way to get long on that at the bottom and it actually bottomed .05 above my target, so if you were short, you would have had to have a cover order in place, or a buy order to go long.
[14:10] {dptl} clf .45 short?
01[14:11] {Threei}  not sure
01[14:11] {Threei}  chart is right, market is not really clear
[14:12] {nemo} plus you have the open and close at the .30ish level, not much room
[14:13] {nemo} talking about clf on that last comment
01[14:13] {Threei}  right
[14:15] {cipher} XONE L .86
[14:15] {nemo} wow, fresh meat?
[14:16] {cipher} out .00 +.14
[14:16] {cipher} wow alxn
01[14:18] {Threei}  Facebook: Tiger Global Mgmt has disposed of its stakes of 11.8M FB shares and 700K GOOG shares - quarterly holdings filing as of Dec 31
[14:26] {nemo} ssys went up and kissed vwap and then dropped to support
01[14:27] {Threei}  one powerful kiss that vwap has...
[14:28] {jdetente} kiss of death
[14:28] {Will49} a kiss is still a kiss
01[14:28] {Threei}  by any other name...
[14:29] {Will49} that's a rose silly :)
01[14:29] {Threei}  oops
01[14:29] {Threei}  roses, kisses... can you guess what day it is?
[14:29] {jdetente} The Hallmark Holiday
[14:29] {Will49} oh yea...i'm married
01[14:29] {Threei}  lol
[14:29] {dino} apa
[14:30] {nemo} yeah, Hallmark extortion day #1 for the year
[14:33] {patel} KORS dropping
[14:33] {nemo} should bounce here
[14:35] {jdetente} DDD has a lot of action here
[14:39] {dino} xone, ssys too. thats what happens when obummer gets behind you
[14:40] {jdetente} https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQrRvJ8V1Os8wAvp3EquYMYLIT4b17aQrACiCsX14YcDIDHMDEyydHCNjlI0bOswJIY5XqBlvlT8Ax24bufToUrSSK5Qrh70vXx6wYyYubUoiso5j9AkaYINpxyUC0w7-PxeOKJrw9U0s/s1600/Obama+mad-magazine-cover.jpg
01[14:41] {Threei}  lol
[14:42] {scottie} What, Me Worry ?
[14:48] {patel} CCL earnings cut by GS
[14:49] {patel} they have more issues than earnings cut.
[14:52] {dino} pr nightmare
[14:54] {dptl} WLT .40 short if stays under .50?
01[14:54] {Threei}  hl
[15:00] {patel} nice call dp
[15:00] {dptl} half out
[15:00] {scottie} gj dp
01[15:00] {Threei}  see? even looking at Taoist Trader title page helps
[15:01] {patel} lol
[15:01] {dptl} i have to find the way to be consistant...
01[15:05] {Threei}  what to find? be consistent
[15:05] {dptl} :) ye that
01[15:05] {Threei}  do what works over and over
01[15:05] {Threei}  stop doing what doesn't work
[15:05] {patel} Does the Taoist Trader show u setups or is it just a book
01[15:05] {Threei}  think what constitutes formwr and latter
01[15:05] {Threei}  setups are in 111 Trades
01[15:06] {Threei}  and you call it "just a book" once again, I'll hire a professional hitman
01[15:06] {Threei}  it's THE book
[15:06] {patel} lol, sorry
[15:07] {dptl} should just take a break from 9am (pst) to 10:30
01[15:07] {Threei}  nope... can't be forgiven
[15:09] {dptl} out
[15:10] {dptl} same set up again may be?
[15:11] {dptl} .40 break?
01[15:12] {Threei}  hmmm
01[15:12] {Threei}  let it consolidate
01[15:12] {Threei}  can't tell on the go
01[15:12] {Threei} Long Setup:  PAY  .80 break
01[15:12] {Threei}  If holds  .70
01[15:14] {Threei}  that was easy
[15:15] {patel} scalp
[15:15] {patel} or 1:2
01[15:15] {Threei}  can't tell
[15:16] {dptl} now wlt?
[15:16] {dptl} out pay ty
01[15:16] {Threei}  yw
[15:16] {thomcbell} bbry short setup $15 break if holding 15.12 Vad
01[15:16] {Threei}  WLT, not sure this time... it starts looking to me like .50 long rather
[15:17] {cipher} alxn l .72
01[15:17] {Threei}  I like it
01[15:17] {Threei}  little cute double top
[15:18] {patel} looks good
[15:18] {patel} whole number is coming up
[15:18] {cipher} out 1/2 .05 +33
[15:18] {thomcbell} could be two sided too with 15.12 long break
[15:24] {cipher} out rest alxn .00 +.28
[15:27] {dino} gj
[15:27] {cipher} ty
[15:28] {scottie} TEL l 41 if holds .95 ?
01[15:29] {Threei}  yes
[15:30] {thomcbell} nice one there scottie
[15:30] {cipher} alxn l .13
[15:30] {scottie} tks but it didn't work yet :)
[15:30] {patel} PAY get over 33
01[15:31] {Threei}  but it doesn't matter scottie
01[15:31] {Threei}  it's a good setup
01[15:31] {Threei}  if it fails, it won't make it any worse
[15:31] {scottie} partial fill only
[15:32] {thomcbell} yes I agree Vad - when you get  into Vad's methodology you start calling patterns beautiful
[15:33] {cipher} out alxn .25
01[15:35] {Threei}  WLT 1:1
[15:36] {patel} come on cross 33
01[15:36] {Threei}  1:2
01[15:38] {Threei}  TEL slowly works
[15:43] {dptl} bbry vali stil short?
[15:43] {dptl} valid
01[15:43] {Threei}  oh yes
01[15:43] {Threei}  more than ever
01[15:44] {Threei}  time's running out, profit is significant for longs, temptation to take it grows
[15:44] {dino} apa new lod
01[15:44] {Threei}  market drops
01[15:44] {Threei}  if that's not a moment to short, there is none at all
[15:45] {dptl} in
[15:47] {dptl} .11 stop
[15:47] {jdetente} dang no shares available to short
[15:48] {dptl} i took last?
01[15:48] {Threei}  or you are with diff brokers
[15:48] {jdetente} I'm with IB...
[15:50] {dptl} come on..no time
[15:52] {scottie} TEL stop to .99
[15:56] {scottie} time's running short, out TEL +.05
[15:56] {dino} calling it a day, thx all
[15:56] {Will49} another good day, tks everybody
[15:56] {nemo} my pleasure Will
[15:57] {scottie} 40 winners, no losers, tks for the day Vad :)
[15:57] {Will49} be good nemo
[15:57] {jdetente} Good trading. Gn all
[15:57] {scottie} not 40. 4
01[15:57] {Threei}  40?
01[15:57] {Threei}  wow
01[15:57] {Threei}  :)
[15:57] {nemo} define "good"?
01[15:57] {Threei}  thank you all, have a great day
[15:57] {scottie} gn
01[15:57] {Threei}  see you tomorrow
[15:58] {jdetente} @ nemo. I should say profitable
[15:58] {patel} take care everyone
[15:58] {dptl} stopped -07
[15:59] {dptl} gn all
[15:59] {nemo} I was talking to Will telling me to be "good"