Apr 22 2013

Internet service provider dropped us for a few minutes and then lost connection to Google services for a few hours, so the log is coming with some delay. Sorry about that, out of our control.

Beautiful start to the day with 7 wins out of 8 calls. One great trade got away as it never gave us a pullback for entry. Chart is educational anyway, look at this classic C&H followed by explosion

Session Time: Mon Apr 22 00:00:00 2013

[08:40] {patel} GM

01[08:50] {Threei}  patel :)

[08:51] {cipher} gm

01[08:52] {Threei}  cipher :)

[09:06] {dino} gm

01[09:06] {Threei}  dino :)

[09:06] {thomcbell} gm all 

01[09:07] {Threei}  tbell :)

[09:08] {Les} morning or afternoon, depending on your worldy location

[09:09] {Les} or good night for Vad. Is there sunlight there yet?

[09:09] {jdetente} gm

01[09:09] {Threei}  it's 6:10 am... of course there is sunlight

01[09:09] {Threei}  jd :)

[09:09] {backman} gm

01[09:09] {Threei}  bman :)

[09:14] {Les} wasn't sure if it was 6 or 5:30 your way

[09:19] {Will49} gm

01[09:19] {Threei}  will :)

[09:19] {ese} GOOD MORNING VIETNAM!!!! errr I mean.....ahhhhhh everyone......am back from Denmark

01[09:19] {Threei}  ese, welcome back

[09:19] {Will49} welcome back

01[09:19] {Threei}  how was the trip?

[09:19] {ese} hey vad will

01[09:19] {Threei}  what exactly is rotten over there?

[09:19] {ese} fabulous

[09:19] {ese} nothing

[09:20] {ese} 4th time being there and have loved it everytime

01[09:20] {Threei}  hmmm... frikin Shakespeare... fooled us

[09:21] {ese} yup.........went to that castle Kronborg......although he calls it Eisinore or something in the book

[09:21] {stevw} is that the one that sank into the swamp?

[09:22] {ese} hmmmmmm ...don't think so

[09:22] {ese} ain't no swamp there

[09:22] {stevw} oh right, that was python, not shakespeare:s

[09:22] {ese} beautiful view of Sweden accross the straight

[09:23] {dino} welcome back ese

[09:23] {ese} strait

01[09:23] {Threei}  morning stev, welcome to the room

[09:23] {ese} tks dino............everyone filthy stinking rich yet

[09:23] {stevw} thank you, a pleasure to join you!

[09:23] {ese} nice to meet you stev

01[09:23] {Threei}  even nemo??

[09:24] {ese} lets not go too far eh

[09:24] {nemo} Vad, no piling on, it's bad enough I have to adjust to ese being back...

[09:24] {ese} ok ....let me see now.......how do we do this........whats a quote.......and ahhhh wha a bid and ask........

01[09:24] {Threei}  sorry

01[09:25] {Threei}  refresher ese:

[09:25] {ese} lol

01[09:25] {Threei}  you click one button (just pick which one randomly), close your eyes, count to 5, open them, click another

[09:25] {nemo} remeber ese, don't use stops, just let it ride

01[09:25] {Threei}  look whether it was a profit or loss,

01[09:25] {Threei}  move to the next trade

[09:26] {ese} am here for a couple of more days and then am off to Memphis for 8

[09:26] {ese} ya tks nemo

[09:26] {backman} 3i,love these quick reviews....confrims evrerythign ive been doing:=)

[09:26] {ese} with friends like that............who needs ......well you know how it goes

01[09:26] {Threei}  some suggest not open your eyes between clicks, but I disagree

[09:27] {ese} lol

[09:27] {Alexs} gm

01[09:27] {Threei}  alex :)

[09:27] {ese} someone else new on the board..........welcome Alex

01[09:27] {Threei}  no clear opening candidate, let's wait a few min to see what transpires

[09:28] {ese} man.......am only away for a week.......

[09:28] {Will49} we right wingers had a ball in your absence

[09:29] {Will49} hockey term

01[09:29] {Threei}  and if it was "balls," it would be a pool reference?

[09:29] {dino} cat, hmm, bad report and up

[09:30] {Will49} :) Vad

[09:30] {Les} watching C as it drops back to lows of last week. important support

01[09:31] {Threei} Short Setup: BP  .90 break

01[09:33] {Threei}  Invalidated  

01[09:34] {Threei} Short Setup: GDX  .20 break

01[09:34] {Threei}  If holds  .30 

01[09:34] {Threei}  1:1

01[09:36] {Threei}  nice smakdown C

[09:38] {Will49} winning start..tks Vad

01[09:38] {Threei}  had bigger potential...

01[09:38] {Threei}  market had to drop suddenly

[09:38] {Will49} next time

01[09:39] {Threei}  and GDX is still acts as a hedge

[09:39] {dino} cat sm s .47

01[09:39] {Threei} Short Setup: SLW  24 break

01[09:39] {Threei}  If holds  .10 

[09:39] {thomcbell} gdx day high 

01[09:41] {Threei}  SPY should bounce here a bit

[09:41] {dino} cov cat .17, +.30

[09:42] {Les} wow C, short into bounce might be profitable

01[09:42] {Threei}  yeah, on watch

01[09:42] {Threei}  and SLW just has to be 1:2

[09:43] {cipher} xone l .99

[09:43] {cipher} lrcx l .15

01[09:43] {Threei}  I mean, look in its eyes... obviously ill

[09:44] {ese} L akam.52

01[09:44] {Threei}  1:1

[09:44] {cc_9} TNA what a lovely snapback

01[09:44] {Threei}  [09:41] {Threei} SPY should bounce here a bit

01[09:45] {Threei}  TNA obeyed

[09:45] {cc_9} Russell took a bigger beating than the rest

[09:45] {Les} here's C bounce back

[09:45] {ese} stop to break even

01[09:45] {Threei} Short Setup: C  56 break

01[09:46] {Threei}  45

[09:46] {ese} sucre blu.......damn stopped akam .52 +/-.00

[09:47] {ese} rats loosing my touch....had .16 in my hands

01[09:47] {Threei}  stop .07 C

01[09:47] {Threei}  SLW 1:2

01[09:47] {Threei}  that's better

01[09:49] {Threei}  C 1:1

[09:50] {thomcbell} short setup hig 26.50 break if holding 26.60

[09:51] {dino} elli sm l .60

[09:52] {dino} c sm l .90

01[09:54] {Threei}  SLW 1:3, out

[09:55] {Les} interesting to be trading the inverse of someone else in the room, yet not feel threatened by it

[09:55] {Les} 15:53] {dino} c sm l .90

01[09:56] {Threei}  why not, this is at the 1:1 of our entry

[09:56] {thomcbell} covering half hig 26.44

[09:56] {thomcbell} stop to break even 

01[09:56] {Threei}  our risk is covered,

01[09:56] {Threei}  our stop is at 45 break,

[09:56] {dino} lots of ways to trae les

[09:56] {Les} yer right of course

01[09:56] {Threei}  which kills the balance of our trades and adds fuekl to dino's trade

[09:56] {thomcbell} hig 1:1

[09:57] {dino} you gys need to cover and push it up for me

[09:57] {Les} but Dino doing that would have me jumping ship or changing sides, today I just shrugged

01[09:57] {Threei}  and if you ask what fuekl is, you need the Treeiihs-English dictionary

[09:57] {Les} I smell another book sale coming

01[09:57] {Threei}  we will at 45 break dino

[09:58] {dino} "shrugged" i like that, as in atlas

01[09:58] {Threei}  L)

01[09:58] {Threei}  grrr

01[09:58] {Threei}  :)

01[09:58] {Threei}  it's official: my typing hits new low today

01[09:58] {Threei}  and you thought it was a rock bottom

01[09:58] {Threei}  there you go

01[09:59] {Threei}  SLW... knew it was really sick

01[09:59] {Threei}  *(EU) EURO ZONE APR ADVANCED CONSUMER CONFIDENCE: -22.3 V -24.0E

01[10:00] {Threei}  hmmm... that's an improvement I guess

[10:00] {Les} gold advancing without silver is risk off

01[10:00] {Threei}  *(US) MAR EXISTING HOME SALES: 4.92M V 5.00ME

01[10:02] {Threei}  frikin C

01[10:02] {Threei}  rinsed second half

[10:02] {Les} yeh vwap was .05 traders said no

[10:02] {Les} .03

01[10:02] {Threei}  it's just housing news, Les

[10:02] {Les} no to bidding C higher. dunno about the news

01[10:02] {Threei}  disappointing, and came up right when it hit that high

[10:03] {nemo} msft

[10:03] {jfjf64} mornin

[10:03] {Les} oh ok

01[10:03] {Threei}  jf :)

01[10:03] {Threei}  slept through a good morning

[10:03] {jfjf64} comp prob

[10:03] {ese} i'm likin msft nemo......been watchin it most of the morning

[10:03] {Les} MSFT squeeze on what news?

01[10:04] {Threei}  MSFT Valueact to announce $2B stake in Microsoft - CNBC's Faber

01[10:05] {Threei}  ese, you are jetlagged still or what... look, jf is back

[10:06] {jfjf64} mornin ese

01[10:06] {Threei}  SLW 1:4...

[10:06] {jfjf64} 1;4

[10:06] {jfjf64} im jetlagged

01[10:06] {Threei}  lol

01[10:06] {Threei}  we cobvered at 1:3 though

[10:08] {cc_9} TNA starter .81

[10:09] {dino} out elli flat

[10:10] {thomcbell} hig 1:2

[10:10] {thomcbell} flat

[10:11] {Les} sm short slw .58 stop at fridays closing

01[10:12] {Threei}  hmmm

01[10:12] {Threei}  feels a bit overstretched, and due to a bounce

[10:13] {Les} gonna bounce with the indexes?

01[10:13] {Threei}  just a snapback

01[10:14] {Threei}  I wouldn't pklay it long, but snapback potential is enough to keep me from shorting it here

01[10:14] {Threei}  watch CAT for possibler db

[10:14] {cc_9} Need VXX under 28.70. Back to highs here

01[10:15] {Threei}  crap, it's like I have swimming fins of a wrong sixe on my hands on today

01[10:15] {Threei} Long Setup:  CAT  .50 break hl

01[10:15] {Threei}  If holds  .40 

[10:15] {cc_9} Russell lagging behind big time

01[10:16] {Threei}  1:1

01[10:16] {Threei}  should be 1:3er

01[10:16] {Threei}  1:2

[10:17] {dino} tol sm l .10 stop lod

01[10:17] {Threei}  1:3, out

[10:18] {Will49} tks Vad...nice one

01[10:18] {Threei}  yw

01[10:18] {Threei}  jf, that was for you, to compensate for missed morning

[10:19] {jfjf64} ty pal

01[10:19] {Threei}  always

01[10:20] {Threei}  strange divergence between GLD and SLW

[10:20] {Les} slv?

01[10:21] {Threei}  ok... between SLV and SLW too

01[10:21] {Threei}  I just don't like trading SLV

01[10:21] {Threei}  and SLW was always a good proxy

[10:21] {Les} oh ok

[10:23] {dino} c stop -.26

[10:23] {nemo} pay

[10:25] {Les} CAT short of .40?

[10:25] {Les} cup and hanlde or head and shozlders

01[10:25] {Threei}  can't tell

[10:25] {Les} inverse c&h

01[10:26] {Threei}  something is off

01[10:26] {Threei}  can't quite put my finger on it

[10:26] {Les} that I guess. sudden drop into support

[10:27] {Les} C's a dirty prick

[10:27] {nemo} gave ya' the strap-on huh?

[10:28] {Les} nah had the direciton but squeezed bugger all out ofit

[10:28] {cc_9} Russell (IWM) taking the lead now, SPY lagging.

[10:28] {cc_9} Finally!

[10:28] {Les} IWM 15 mins way out of bb's bounce back only natural

[10:29] {Les} banksters overextended too

01[10:30] {Threei} Short Setup: COH  .40 break hl

01[10:30] {Threei}  If holds  .50 

01[10:31] {Threei}  Invalidated  

[10:31] {Les} CAT death

01[10:34] {Threei} Short Setup: LVS  53 break

01[10:34] {Threei}  If holds  .10 

[10:36] {dino} c sm l .57

01[10:36] {Threei}  1:1

01[10:38] {Threei}  that's all? oh well

[10:38] {thomcbell} dont see a setup but fb looks like shinook move coming 

[10:38] {Les} shinook?

[10:38] {Les} spike?

[10:38] {thomcbell} salmon moving against current

[10:39] {Les} SLW seeking retest of lows

[10:39] {dino} elli sm l .72

[10:41] {Les} k

[10:42] {Les} aggressive entry on GLD for .50 break?

01[10:43] {Threei}  yes, hl

01[10:43] {Threei}  .40 break

01[10:43] {Threei}  with stop under .30

01[10:43] {Threei}  liking an idea

[10:44] {cc_9} TNA =D

[10:44] {cc_9} finally.

[10:44] {ese} L fig sm .05

[10:45] {ese} what the fig eh?

01[10:45] {Threei}  1:1

01[10:45] {Threei}  and has at least 1:3 potential

01[10:45] {Threei}  really ese... lol

[10:45] {ese} lol

01[10:46] {Threei}  1:2

01[10:46] {Threei}  that was really good strcture for the play Les

01[10:46] {Threei}  1:3, my a$$ is out

[10:47] {Will49} good call Les

[10:47] {Les} half rationalised half intuition, given SLW is on screen at same time and looking like a dog

[10:48] {Les} difficult to ignore the attempt to break .50 at 10:38

01[10:49] {Threei}  you can view it as a min-C&H, with aggressive entry

01[10:49] {Threei}  mini

[10:49] {Les} was gonna call it but thought no too small

[10:49] {Les} gonna ask about it

01[10:49] {Threei}  a bit, yeah, that's why mini

[10:50] {Les} had to ignore my indicators for that one ;)

01[10:50] {Threei}  anyway, we are what, 6 for 6?

[10:50] {Will49} :)

01[10:50] {Threei}  Les, let me offer you an experiment

01[10:51] {Threei}  just do it for a week, andf it will do wonders for your trading

01[10:51] {Threei}  starting tomorrow

01[10:51] {Threei}  eliminate everything from your charts

01[10:51] {Threei}  leave price and volume, period

01[10:51] {Threei}  not even those few I use

[10:51] {Les} uh can I keep my bb's?

01[10:52] {Threei}  in a week

[10:52] {Les} hmmmm

01[10:52] {Threei}  4 days with nothing

[10:52] {cc_9} TNA, all out here, sweet trade.

[10:52] {nemo} vodka?

[10:52] {Les} done

[10:52] {Les} feel naked

01[10:52] {Threei}  1 min candlestick chart, daily chart, volume

01[10:52] {Threei}  right, you will

01[10:53] {Threei}  and it will force you in using minimalist setup,

01[10:53] {Threei}  and minmalist setup gives you incredible clarity

01[10:53] {Threei}  Your brain searches for patterns,

01[10:53] {Threei}  it will have to finsd them in merely price and volume

01[10:53] {Threei}  you will be amazed what it sees

01[10:54] {Threei}  and how liberating it is

01[10:54] {Threei}  Next Monday, add BBs back

[10:54] {thomcbell} i got a lot of setups out of the reversal section in the course so far today 

01[10:54] {Threei}  maybe MA

[10:54] {nemo} vodka?

01[10:54] {Threei}  111 Trades you mean, tbell?

[10:55] {cc_9} Vad speaks the truth, simplicity is key when you are trading based on charts.

01[10:55] {Threei}  nemo, stop asking... it goes without saying

[10:55] {thomcbell} yes - been doing continual reviewing 

[10:55] {thomcbell} VERY HELPFUL esp. on day like today 

01[10:55] {Threei}  :)

01[10:56] {Threei}  http://goo.gl/AzzOn

[10:58] {dino} asr smr l .05

[10:59] {backman} Les, I will be trading over your shoulder....:=)

[10:59] {Les} one thing is clear, I know need to identify candlesticks

[11:00] {Les} now

01[11:00] {Threei}  as in japanese formations?

[11:00] {backman} your wife will thank u for them 

[11:00] {Les} yeh

01[11:00] {Threei}  nah, don't overcomplicate it, keep it to the simplest level

01[11:01] {Threei}  doji, star

[11:01] {Les} no, just individual

[11:01] {Les} yeh

01[11:01] {Threei}  grab an MPP

[11:01] {jfjf64} has

01[11:01] {Threei}  they are all in there'

[11:01] {Les} heaven forbid I couldn't identifly formations

[11:01] {jfjf64} short ??

01[11:01] {Threei}  not sure jf...

[11:02] {Les} damn MSFT has stopped squeezing

[11:02] {Les} forgot 31

[11:03] {thomcbell} short setup hig 26.43 break if holding 26.50

[11:04] {Les} slw .75 short?

[11:05] {Les} GDX seems better defined as seutp but this could be just jellyfish action. can't tell...

[11:05] {Les} feel naked

01[11:05] {Threei}  trim your activity dow why your brain adjusts

01[11:06] {Threei}  swicth to paper, see how it works

01[11:06] {Threei}  why = while

[11:06] {Les} aaagh this is a conspiracy to get me to shut up

[11:06] {Les} now I see it

[11:07] {Les} p&v limits me to your setups

[11:07] {Les} or perhaps restrains me...

01[11:07] {Threei}  well, yes but it doeas one more thing, most important

[11:07] {Les} pattern visual recognistion?

01[11:07] {Threei}  it makes you start seeing only clearest of the setups

[11:08] {Les} hmmm

[11:08] {Les} k

01[11:08] {Threei}  filter out marginal ones

01[11:08] {Threei}  see, the trade should scream at you

01[11:08] {Threei}  when it says, :hey, I might be there" - shrug and walk by

01[11:08] {Threei}  when it screams "Oh Les, take me, take me..."

[11:09] {Les} not a frikin word nemo

01[11:09] {Threei}  lol

01[11:09] {Threei}  recall again that GLD setup

01[11:09] {Threei}  not even setup itself, but how you felt when saw it

01[11:10] {Threei}  intuitive feel that it's a really good one

[11:10] {nemo} ?

01[11:10] {Threei}  now look at both SLW and GDX

01[11:11] {Threei}  do they have this drive, this feel of imminent resolution coming?

[11:11] {Les} nooooope

01[11:11] {Threei}  they are like a jellyfish hanging from a flagpole in windless afternoon

[11:11] {dino} actg

01[11:12] {Threei}  and here is a kicker:

01[11:12] {Threei}  no indicator will show you that

[11:12] {stevw} BBRY looking interesting at 13.85?

01[11:12] {Threei}  you get to feel these things when you listen the original market language

[11:12] {jfjf64} price/vol

[11:12] {nemo}  {&Threei}  they are like a jellyfish hanging from a flagpole in windless afternoon

01[11:12] {Threei}  BBRY, looked at it a few times today

01[11:13] {Threei}  formally, setup is here

[11:13] {nemo} mmmm...something tells me Les can identify with that analogy

01[11:13] {Threei}  but activity is very low on it

[11:13] {Will49} LOL

01[11:13] {Threei}  narrow, no pace, no volume

01[11:13] {Threei}  I am afraid this one will hold us hostage for two hours

[11:13] {dino} actg sm s .80 break

01[11:14] {Threei}  stay with these naked charts Les

[11:14] {stevw} being held hostage for hours is certainly consistent with my last week's trading!

01[11:14] {Threei}  hehe

[11:14] {nemo} it's also consistent with Les' marriage

[11:14] {Les} oh that is just so naughty nemo

[11:14] {Les} no shame

01[11:14] {Threei}  week later, you won't believe how much difference it makes

[11:14] {Will49} hit a nerve there nemo

[11:16] {stevw} i've been trading tsx stocks only so far, and the days have started active, then gone dead

01[11:16] {Threei}  that usually happens on market positive days

[11:16] {Les} RIG .40 short if holding .50?

01[11:16] {Threei}  selling days are more active

[11:16] {stevw} aaah

[11:17] {Les} ACTG 23 short?

01[11:17] {Threei}  man... I haven';t had time to look at one stock, and I already have no time to look at another

01[11:17] {Threei}  RIG, no

[11:17] {Les} ACTG has gone

[11:18] {dino} yes les

[11:21] {Les} MSFT .80 interesting

[11:22] {dino} out tol .40, +.30

[11:25] {Les} cover ACTG +.30 ty dino

[11:26] {Les} MSFT  .80 short?

01[11:28] {Threei}  charts right, just don't expect it to be fast

[11:28] {Les} dam wall to be broken at .80

[11:28] {nemo} weird Monday slowing into lunch

[11:28] {Les} could be quick drop into support

[11:29] {nemo} if it can't get above vwap, then short it, but I'd watch it for awhile

[11:29] {Les} lol I have no indicators Nemo

[11:29] {Les} where's vwap?

[11:29] {nemo} oh 30.88

[11:30] {Les} will keep it small then already a good day

[11:32] {thomcbell} flattening hig 26.40 basically flat 

[11:32] {Les} yep

[11:32] {backman} ss GILD .67

[11:32] {Les} flood gate opened

[11:33] {nemo} geez Les, you're giving me so much material today

[11:33] {Les} practise yer mushin

[11:34] {nemo} I would say I've operated out of mushin quite well today

01[11:34] {Threei}  wow... that was fast for a MSFT usual manner of moving

[11:34] {dino} our asr 127.15, +2.10

[11:34] {Les} squeeze to help someone offload here I wonder

[11:35] {dino} ahh, c'mon

[11:35] {Will49} sweet dino

01[11:35] {Threei}  wtg

[11:35] {dino} thx

[11:35] {backman} out -.10

[11:35] {Les} bman. jellyfish fluttering in the wind and all that...

[11:36] {backman} need to find my stoopid stik

[11:37] {dino} les, actg stuck, tighten to b/e

[11:37] {nemo} hey backman, found out a friend of mine's sister got her leg blown off at the marathon

[11:37] {Les} [17:26] {Les} cover ACTG +.30 ty dino

[11:38] {dino} bummer nemo

[11:38] {nemo} yeah, she was there with her 2 year old daughter

[11:38] {dino} gj

[11:38] {nemo} guess she's o.k.

[11:38] {Les} 2year old ok?

[11:38] {nemo} yeah, he didn't mention anything about her

[11:39] {ese} out fig .16 +.11   good enough

[11:40] {Les} an age when mingling in large crowds is not a good idea

[11:40] {Les} at least in the US

[11:40] {backman} sry to hear that....made a donatoin to BostonOne fund yesterday

[11:40] {nemo} I've been staying away from large crowds for about 20 years now

[11:40] {Les} yeh army taught me that

[11:40] {dino} out elli .02, +.30

01[11:41] {Threei}  be honest nemo... large crowds just don't want to accept you

[11:41] {dino} cov actg flat

[11:41] {nemo} match made in heaven then Vad

[11:41] {stevw} took my eyes of BBRY for 10 minutes and bam

[11:42] {stevw} missed the entry

[11:42] {Les} heh it woke up

[11:42] {dino} got greedy actg, had .30

01[11:42] {Threei}  that was news-caused move stev

01[11:43] {Threei}  BlackBerry Ticks higher on chatter that a strategic investor may be building a stake- Third Point (Loeb) rumored to be building a stake in BBRY.

[11:43] {stevw} volume backed off quickly

01[11:44] {Threei}  if not for this headline, this thing would have sat in the range for hours

01[11:44] {Threei}  even with it, it's anemic

[11:45] {Les} BBY somethign to keep an eye on around here. consolidating in daily around 23

[11:45] {dino} c to .77 mkt drop

[11:46] {Les} SLW returns to intraday low

01[11:46] {Threei}  Trading Subdued Ahead of a Busy Earnings Week

[11:46] {dino} ?120 pt dji range

[11:47] {Les} SPY bouncing of friday close here

01[11:47] {Threei}  I guess against last week moves it's subdued :)

[11:47] {Les} off to a pyjama party. c u's for close

01[11:51] {Threei}  17% Rate U.S. #Economy As Good or Excellent

01[11:52] {Threei}  this % of imbeciles is incredibly elusive number... I continue missing the estimates

01[11:55] {Threei}  I am losing my touch

01[11:55] {Threei}  blog post for goldbugs, 24 hours later - just 6 hate mails??

01[11:55] {Threei}  man...

01[11:55] {Threei}  http://blog.realitytrader.com/2013/04/a-few-questions-for-goldbugs-to-ponder.html

01[12:05] {Threei}  watching CAT for pullback entry

[12:07] {dino} c to .87, brb

01[12:08] {Threei}  no pullback to speak of

[12:10] {cc_9} TNA, whoa, talk about a comeback :)

01[12:17] {Threei}  frikin CAT

01[12:17] {Threei}  left us on the platform

[12:22] {dino} out c .87, +.30

01[12:22] {Threei}  wtg

01[12:22] {Threei}  http://goo.gl/VCQvS

[12:23] {dino} ty

[12:38] {ese} gotta go...cya tomorrow

[12:41] {backman} what just happened...everything i was watching just went green

01[12:43] {Threei}  take care ese

01[12:44] {Threei}  no news bman, just that annoying slow creep-up, with some spikes

[12:44] {backman} thnx

01[12:44] {Threei}  hate it... no trades

01[12:44] {Threei}  look at CAT

[12:45] {backman} yes...scalped it below 82 earlier to short side.....glad i wasnt attached:=)

01[12:45] {Threei}  next time I see this C&H on it while market establishes this climb, I issue alert: buy CAT and faint for an hour

[12:46] {backman} r you referring to 1130 or 1230...seems like they were both there

01[12:47] {Threei}  12:06 break

01[12:47] {Threei}  [12:05] {Threei} watching CAT for pullback entry

[12:48] {backman} gotcha...thax

01[12:48] {Threei}  http://goo.gl/VCQvS

[12:53] {dino} horrible report and cat rocks, wow

[12:54] {cc_9} Anyone watching ACAD on 60min/daily ?

[12:54] {dino} wed gap fill

[12:57] {dino} acad, some kind of fda news cc9

[13:02] {backman} scalped ACAD ss a little earlier....happy to be long gone

[13:06] {thomcbell} cat lord god

[13:15] {dino} osis

[13:21] {dino} sm l ave .46

[13:24] {dino} wtf, stop

01[13:28] {Threei} Short Setup: GLD  .50 break hl

01[13:28] {Threei}  If holds  .60 

[13:28] {nemo} how dare you short gold!!!

01[13:28] {Threei}  sorry

01[13:29] {Threei}  if I am wrong, trading gods will punish me with stop

[13:32] {Will49} not available

01[13:34] {Threei}  gods say it's wrong

06[13:34] * Threei pours ashes on his head and swears off shorting gold

[13:34] {Will49} even god couldn't borrow shares

[13:39] {nemo} will, you can always trade inverse gold etf

[13:39] {jfjf64} 3i

01[13:40] {Threei}  jf

[13:41] {nemo} anybody else get a 2.3 million bar on spy just after 1:30?

[13:42] {nemo} hings looking like they might pull in here

[13:42] {nemo} things

[13:42] {Will49} yes, here

01[13:43] {Threei}  yes

[13:43] {nemo} interesting

[13:43] {Will49} but aren't we all looking at the same 1 minute chart?

[13:43] {nemo} ?

[13:43] {nemo} Les Jr.

01[13:43] {Threei}  some charts are more equal than others willl

[13:43] {nemo} or senior as the case may be

[13:44] {Will49} hmmm

[13:44] {thomcbell} long setup for a scalp only - kors 52.02 break if holding 51.92 

[13:45] {thomcbell} target 1:2

[13:47] {Will49} so, is it not true that the only way you wouldn't "see" a volume spike like that is if you don't have volume as one of your indicators?

[13:48] {nemo} or you aren't looking at the screen, don't have spy up, are blind...etc

[13:48] {Will49} of course

01[13:48] {Threei}  it is... nemo asked because that was very unusual spike, and sometimes it's simply a software fluke, so he wanted to make sure it appears across other platforms

[13:48] {Will49} ok i get it

[13:49] {Will49} apologies nemo for thinking you asked a stupid question:)

[13:49] {Will49} live and learn

01[13:49] {Threei}  also, considering that nemo himself is pretty much a fluke...

[13:49] {nemo} ow

[13:49] {nemo} sniff

06[13:49] * nemo racks slide

06[13:50] * Threei hides underneath nearest rock

06[13:50] * nemo calls in drone attack

[13:50] {Will49} are you going to show slides of your vacation nemo?

[13:51] {nemo} don't make me pee my pants laughing

[13:51] {Will49} you Americans even know all the technical terms for your gun parts I see

[13:52] {nemo} I sell 'em, I better

[13:52] {Will49} admirable

[13:52] {thomcbell} kors invalid 

01[13:52] {Threei}  no kidding

[13:52] {nemo} oh, that spike looks like the prelude to the pullback...bastids

01[13:53] {Threei}  I still remember a salesperson from a NY store that, asked whether they ship to Canada, said sorry, no overseas shimpping

[13:53] {Will49} lol

01[13:53] {Threei}  I mean I knew that some in US are not very well versed in geography, but...

[13:54] {nemo} Usually Americans are getting dinged for their Phillistine skills in geography, so in the early 80's I'm in Germany and the conversation goes like this, "So you're from Boston, is that on the east coast or the west coast?"

01[13:54] {Threei}  the number of people all over the net that last week confused Chechnya with Chechoslovakia...

[13:55] {Will49} we Canucks (with our inferiority complex)love to collect anecdotes like that

01[13:55] {Threei}  but the best ones are the stories of Eiropenas booking vacations in Sidney... Nova Scotia, instead of Australia

01[13:56] {Threei}  happened more than once

[13:56] {nemo} now canucks, you're somewhere between homo habilus and australopithicus, right?

01[13:56] {Threei}  small town, total backwater

01[13:56] {Threei}  cold

01[13:56] {Threei}  guys walk off a plane in shorts and t-shirts

01[13:56] {Threei}  looking around, bewildered

[13:57] {nemo} tuning in to the eagles nests

[13:57] {Will49} is that part of Vad's joke?

01[13:58] {Threei}  not a joke

01[13:58] {Threei}  http://www.capebretonpost.com/Travel/2009-08-10/article-772237/Flying-Dutchmen-land-in-wrong-Sydney/1

01[13:58] {Threei}  just one of exanples

[13:58] {Will49} thought there was a punch-line coming

[13:58] {Will49} you know...two guys walk into a bar...

01[13:59] {Threei}  as far as travellers were concerned, punch happened right at the airport

[14:00] {dino} both guys say "ouch"

01[14:00] {Threei}  The grandfather and grandson aren't the first travellers who came to Sydney, N.S. thinking they were headed to Australia.

01[14:00] {Threei}  In August 2002, Raeoul Sebastian and Emma Nunn, both of London, England, spent their vacation in Cape Breton and became local celebrities after a flight mix-up brought them to another Sydney.

01[14:00] {Threei}  And in December, an Argentinian woman, Monique Rozanes Torres Aguero of Buenos Aires, had been daydreaming about her vacation in Sydney, Australia, when her Air Canada Jazz flight landed in Sydney, N.S.

[14:01] {Will49} changing planes in Montreal should have tipped her off

01[14:05] {Threei}  White House: Boston Marathon suspect will not be tried as an enemy combatant

01[14:06] {Threei}  Canadian police to announce arrests in planned terrorist attack; suspects detained in Ontario, Quebec

01[14:13] {Threei}  total stall everywhere

01[14:14] {Threei}  if SPY breaks 156, I'd look for TNA long

01[14:14] {Threei}  there

01[14:14] {Threei}  half lot .35 break

[14:15] {nemo} they're going for the overhead gaps

01[14:15] {Threei}  just take profit or partial as you see fit, I can't assign a target here

01[14:15] {Threei}  1:1

01[14:18] {Threei}  White House expresses support for the internet sales tax bill due to be taken up in the Senate today; feels bill will level playing field for businesses

01[14:20] {Threei}  (EU) ECB's Noyer: Cyprus crisis is not a sign of fragility for the EMU

01[14:20] {Threei}  no, it's a sign of strenght

01[14:20] {Threei}  imbecile

[14:21] {dino} mx spike

01[14:21] {Threei}  1:2

[14:21] {nemo} spy and iwm into the gap

[14:21] {nemo} maybe we'll get there before Tuesday  ;-)

[14:22] {dino} out tna .55, +.17 thx vad

01[14:22] {Threei}  yw

01[14:22] {Threei}  cc9 shamed me into playing TNA

[14:22] {nemo} what's the russian word for "wimp"?

06[14:23] * Threei slaps nemo around a bit with a 2x4 decorated with peaceful pink tie at the working end

[14:23] {nemo} fine....I have other sources

01[14:24] {Threei}  like, umm, google?

[14:24] {nemo} like, um....Al

01[14:25] {Threei}  http://lmgtfy.com/?q=russian+for+wimp

01[14:27] {Threei}  fair warning for all who speaks russian here... don't waste your time teaching nemo, he remembers only swear words

01[14:27] {Threei}  and uses them non-sparingly

[14:28] {nemo} the algo has nothing but green on it and getting stronger, bend over bears

[14:28] {dino} bohica

01[14:28] {Threei}  yeah ursine sodomy is back on agenda

[14:29] {nemo} Bear meat is back on the menu, boys!!!

[14:40] {thomcbell} dd impressive 

[14:46] {Les} what r we in?

[14:47] {dino} nada

01[14:47] {Threei}  nothing at the moment, just closed TNA 1:2

[14:47] {Les} i c we're going up

[14:48] {nemo} this may be it, spy hit R2, IWM the Weekly Pivot as well as FAS, and Les is back...so it's all downhill from here

[14:49] {Les} lol

01[14:49] {Threei}  lol

[14:49] {nemo} Got anything to say Will?

01[14:49] {Threei}  stevw... I have to ask on your first day... impressions of this asylum?? :)

[14:50] {Les} what u need a fan club bunny boy?

[14:50] {dino} i prefer jungle

01[14:50] {Threei}  asylum in the jungle

[14:50] {dino} ok

[14:50] {stevw} interesting, of course - and nice to see the joviality

[14:50] {Will49} nemo....I'll let Les speak for me :)

01[14:51] {Threei}  yessss.... "Nemo the Jovial"!

[14:51] {stevw} i couldn't see what you were seeing in the price movements at the beginning of the day

[14:51] {stevw} but that's why i'm here - to learn

[14:51] {Les} very british...jovial. jolly good 

[14:51] {stevw} tally ho

[14:51] {Les} GDX lacking buyer enthusiasm

[14:52] {stevw} tried joining you guys on an early short, but got a rejection message - have to find out why

[14:52] {stevw} haven't shorted before

[14:52] {nemo} wasn't available to short

[14:52] {dino} need margin account

01[14:52] {Threei}  which broker?

[14:52] {stevw} td active trader margin/short account

01[14:53] {Threei}  ok... no idea about that one

01[14:53] {Threei}  most likely no inbentory for the particular stock

01[14:53] {Threei}  inventory

[14:55] {stevw} i'll have to make sure i'm caffeined-up for the morning open, that's for sure

[14:55] {stevw} by the time i start to see patterns 2 hours into the day, the volume's gone

[14:55] {nemo} try vodka stevw

[14:56] {stevw} hmmm

01[14:56] {Threei}  with caffein

[14:56] {nemo} wanna' see stuff?  Psyllocibin

01[14:56] {Threei}  lol

[14:56] {stevw} growing in vad's backyard?

[14:56] {Les} ritalin

[14:56] {nemo} buddy of mine grows it

01[14:56] {Threei}  vodka??

[14:56] {nemo} shrooms

01[14:56] {Threei}  U always knew there is such thing as a vodka tree!!

01[14:56] {Threei}  I

[14:57] {jfjf64} lol

01[14:57] {Threei}  frikin botanists denied

[14:57] {Les} ritalin with vodka and mushrooms hmmmm

01[14:57] {Threei}  wanted to keep it all for themselves

[14:57] {dino} stevw, where are you located?

[14:57] {stevw} scenic hamilton, ontario

01[14:58] {Threei}  I want a Grey Goose variety... grafted with Russian Standard

[14:58] {Les} http://www.flickr.com/photos/10197618@N04/2177842351/

[14:58] {Les} found it

[14:58] {stevw} hopefully back to the west coast in the next couple years

[14:58] {Will49} Hey stevw....my hometown. Last lived on St Clair Blvd in east end

[14:59] {stevw} nice street - beautiful victorian homes

[14:59] {stevw} where now?

[14:59] {Will49} yeah...our was built 1912 and is a heritage protected property

[14:59] {Will49} now in Victoria

[15:00] {jfjf64} lulu strong

[15:01] {stevw} often traveled to Victoria, (and Nanaimo), when I lived in burnaby

[15:01] {Will49} thinking of coming back, are you?

[15:01] {stevw} yes, i love the west coast

[15:02] {Will49} will never go back

[15:02] {stevw} it'll be the island for me, now that i don't need the action of the big city

[15:02] {Will49} only advantage would be not having to start trading at 6:30

[15:02] {stevw} lol - i do chuckle at the thought of you guys getting up that early

[15:03] {Les} would love to get up that early

[15:03] {nemo} yeah, but they have the rest of the day

[15:03] {dino} lol

[15:03] {Les} have rest of day free

[15:03] {stevw} that said; must be nice to shut it down in the early afternoon

[15:03] {nemo} Les, you're frickin' married...you'll never be free

[15:03] {Les} free to hit the pub with daily winnings

[15:03] {Will49} hahaha

[15:03] {Les} gotta keep it under control, trading from 3pm to 10pm

01[15:04] {Threei}  1 pm, done, whole day ahead... beautiful in the summertime

[15:05] {Les} C lingering close to 45

01[15:05] {Threei} Short Setup: CAT  .85 break hl

01[15:05] {Threei}  If holds  .95 

01[15:07] {Threei}  Invalidated  

[15:11] {Les} ACTG 22 short?

[15:11] {nemo} looks like good area for bounce

[15:12] {Les} yeh stretched in daily

[15:12] {Les} oops I still have BB's on a chart

[15:12] {Les} 2 way then

01[15:13] {Threei}  I think so

01[15:15] {Threei}  Sinclair - The US Will Be Cyprused & We Will See $50,000 Gold

01[15:15] {Threei}  f&$k

Session Close: Mon Apr 22 15:15:34 2013

Session Start: Mon Apr 22 15:15:34 2013

Session Ident: #discussions

02[15:15] * Disconnected

02[15:24] * Attempting to rejoin channel #discussions

03[15:24] * Rejoined channel #discussions

01[15:24] {Threei}  something with connection

[15:24] {dino} too strong today

[15:24] {jfjf64} it is

[15:24] {jfjf64} train

01[15:24] {Threei}  not risking any trades or calls guys, internet is acting up

[15:24] {jfjf64} drink

01[15:24] {Threei}  sorry

[15:25] {Will49} completely failed here

01[15:25] {Threei}  thank you all, have a good evening

01[15:25] {Threei}  see you tomorrow

[15:25] {jfjf64} ty

[15:25] {Les} cheers

[15:25] {jfjf64} 3i going to beach

[15:25] {Will49} peace

[15:25] {jdetente} gn all

[15:25] {dino} have a good one

[15:26] {thomcbell} kors annoying 

[15:27] {thomcbell} cest la vie

[15:27] {dino} coors maybe

[15:27] {dino} issc spike

[15:30] {dino} back in 10 or so

[15:31] {Les} AAPL bouncing back. got any legs in this I wonder?

[15:31] {Les} yer ACTG bounce ws on the mark mark

[15:42] {dino} .

[15:52] {dino} calling it a day, thx all, gn

Nemo's findings week of 4/21/2013

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

Well, we've run into a bit of a hiccup in this bull run. No new highs this week...sky is falling.   As a matter of fact we went two weeks where the indexes closed under the Weekly Pivot, then last week above, and this week under the Weekly S1's The financials, the Russell and the SPY tested significant support this week recovering above the 50 day moving average-except for the IWM, which remains under.  Thursday was the first time in 74 days the SPY had tested the 50 day.

 

As you can see, FAS filled the gap going back to the beginning of March, then bounced to close above the 50 day.

IWM came back to support going back to February.

 

The SPY tested the top of the gap, which also coincided with the 23.6% retrace of the November 2012 bottom closing above the 50 day.

 Here is the 15 minute view for the week:

Not really a surprise that the first drive below the 50 day in the SPY and the finnies would be short-lived.  Can't imagine they would want to close below to scare the sheep over the entire weekend.  Given that the bottom of the SPY was the 23.6% retrace from November, one could reasonably expect some more bounce.  Notice the gaps above in FAS, SPY and IWM.  It wouldn't be surprising to see them fill on or before Wednesday.  

However, earnings have been relatively weak, and unlike bad news previously during the bull run, stocks have not really been bought.  So, things may be changing, but the market is not the economy.  So, for the market to continue south would not be unexpected, there is still that gap fill down to 152.92 on the SPY. Now although I am not plotting longer term Pivot levels, I am including them when they correspond tightly to shorter term, so this week the Quarterly pivot in the SPY and the Yearly R2 in the FAS were plotted.


The week that is:

 

 

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Markets Facing Headwinds and Heavy Hearts

- The combination of weak Chinese data, troubling US corporate earnings and the Boston Marathon bombing took global equity markets lower this week. China's Q1 GDP and March industrial production both came in lower than expected, adding more evidence of a spring swoon. The April German ZEW sentiment survey dropped into the 30s, suggesting that the situation in Europe is getting worse, not better. US corporate earnings saw some notable flops, especially among blue-chip Dow components such as IBM and McDonalds. But the defining event of the week was the bombing of the Boston Marathon on Monday, in which three bystanders were killed and scores wounded, making for the worst domestic US terrorist incident in years. By Friday one suspect in the bombing was dead and another was on the run. For the week, the DJIA fell 2.1%, the S&P 500 declined 2.1% and the Nasdaq lost 2.7%, the tech index's biggest drop since the second week of October.

- Commodity markets faced another round of heavy selling pressure from liquidation early in the week. Spot gold saw its biggest one-day decline in decades on Monday after it plunged to test below $1,325/oz while silver slumped to $22.00/oz. Copper prices fell into bear market territory, and mining names have been hit hard. There was a slight bounce later in the week and spot gold almost managed to close above $1,400 on Friday.

- US Treasury yields remain near multi-month lows helped by weakness in equities. Bond prices were further aided by a noticeable ratcheting down of inflation expectations: the March CPI was in the red (for the first negative reading since last November) and commodity prices slid lower. Thursday's five-year TIPS auction included an 8 basis point tail and a low BTC ratio signaling the lowest investor demand since Oct 2008. For the week, the 5-year TIPS breakeven spread narrowed 30 basis points back toward 2%.

- On the earnings front, Citigroup and Goldman Sachs both did very well in Q1. Citi modestly topped expectations on net income that was up 30% y/y. Citi managed to hold NIM steady, unlike many other big retail banks. Goldman Sachs widely beat both top- and bottom-line expectations and saw a very strong 36% y/y growth in investment banking revenue. Morgan Stanley contrasted strongly with Goldman: trading revenue fell more than 25% y/y. Bank of America saw a huge y/y increase in net profit, although it was not enough to satisfy the Street. BoA's mortgage originations grew to $24B (from $15B y/y), but revenue made on the business actually declined.

- Certain precincts of the tech sector had a grim first quarter. IBM posted a rare quarterly EPS miss as a sliding yen hurt earnings from Japan and it failed to close some major deals. Microsoft's Windows business held up better than expected, but unit revenue was flat y/y, adding evidence of a very weak launch for Windows 8. Intel's earnings and revenue declined from last year, and the PC business suffered. In contrast Google had an excellent Q1, with strong earnings growth, paid clicks up sharply and executives chatty about a full pipeline of new hardware products from Motorola.

- Shares of Apple gave up another 8% this week, dropping below $400/share for the first time since December 2011. Note that Apple reports quarterly results after the close next Tuesday.

- McDonald's managed to eke out a higher Q1 profit even as global comp sales turned negative for the first time in a decade. The company also warned that sales for April are expected to fall slightly. EPS from GE was up 16% y/y, beating consensus targets, but the firm trimmed the FY outlook for its industrial segment slightly.

- Dish Network offered to buy Sprint Nextel for $25.5B in cash and stock. Shares of Sprint rose sharply after Dish's surprise offer, which exceed the $20B takeover deal Japan's SoftBank reached with Sprint last fall.

- EUR/USD shook off a worse-than-expected German ZEW Survey and maintained a fairly steady tone this week. Dealers noted that the pair saw little volatility despite the events on Monday (both the gold sell-off and the Boston Marathon bombing). The euro seemed aided by ZEW comments that 81% of survey respondents see no change in short-term rates over the next six months. The euro strengthened mid-week as journalists and traders read too deeply into a comment by noted hawk and Bundesbank President Weidmann, who said that the ECB could adjust rates if new information warrants a change. Later in the week Weidmann commented that his remarks were not at all meant to signal a change in his policy view.

- USD/JPY strengthened early in the week in response to the Boston bombing and China's weak data, testing below the 95 handle just over a week after the BoJ's big pivot. The pair spent the rest of the week creeping back toward the 99 handle, aided by the G20 giving Tokyo a pass on its bold easing measures despite the group's explicit stance against competitive devaluation.

- Last weekend China released another round of shaky economic data, deepening concerns that the global economic recovery is facing serious headwinds. China Q1 GDP missed expectations, dropping to +7.7% from the +7.9% a year ago. After the release, the China Stats Bureau insisted that China was off to a steady start for 2013 but also warned the potential GDP rate is a moving target with a pronounced downside bias but acknowledged that the Q1 slowdown was due in part to government policy controls. The China March industrial production figure was +8.5%, the lowest pace of growth since May 2009.


TradeTheNews

Apr 19 2013

Finishing a day positively, even though not as spectacular as we got used to over last couple weeks, ending the week on a great note, with a very strong result and newer members reporting their best week ever. Good way to retire for the weekend.


Session Time: Fri Apr 19 00:00:00 2013
[08:44] {thomcbell} GM
[08:44] {thomcbell} good morning
[08:48] {nemo} not in my neck of the woods
[08:49] {thomcbell} some guy leaning on his truck horn here in brooklyn - somewhat jarring
[08:49] {nemo} I'm in MA...
[08:49] {thomcbell} oh no -
[08:50] {nemo} I live south of what's going on, but I know those neighborhoods well
[08:50] {jdetente} stay safe Nemo
01[08:50] {Threei}  morning guys
[08:50] {nemo} I'm fine...chechens
[08:50] {thomcbell} sounds crazy - stay safe is right
01[08:51] {Threei}  what's going on?
[08:52] {jdetente} one of the bombing suspects killed
[08:52] {jdetente} they killed a police office at MIT and the second guy is on the run
[08:52] {nemo} literally...things blew up last night...one of the suspects dead, manhunt for the other...brothers of Chechen descent...
[08:52] {nemo} yep
01[08:52] {Threei}  wow
01[08:52] {Threei}  gotta turn TV on
[08:52] {nemo} towns of Watertown and Newton on lockdown
[08:53] {nemo} they're southwest of Boston
[08:53] {jdetente} the one was hurling explosives at the police before he was killed
[08:53] {jdetente} out of the car
01[08:53] {Threei}  so it's muslim fanatics?
[08:54] {nemo} whoda' thunk?
[08:54] {nemo} when the pictures went out, they were described as "white"  You look at the pictures and go "huh?"  definitely ethnic
[09:04] {nemo} police say Dzhokhar Tsarnaev is posting online "i will kill all of you because you killed my brother."
[09:05] {nemo} so, the sons of Stalin strike
[09:10] {Les} you livin in a warzone
[09:12] {cipher} gm
01[09:12] {Threei}  cipher :)
[09:12] {nemo} a little bet north of here
[09:17] {Will49} gm
01[09:17] {Threei}  will :)
[09:21] {Les} anyone, nough of the doom and gloom. Morning all!
01[09:21] {Threei}  les :)
[09:21] {Les} rain returns
[09:21] {Les} and I am celebrating
[09:22] {Les} bloody pollen levels were ridiculous this last week with the switch to warm and sunney
[09:24] {Les} DeNiro 70 this year. Damn time is moving on
01[09:24] {Threei}  is there some connection trouble?
[09:25] {Les} yeh I'm using up all the bandwidth chattering
[09:28] {Les} reading an interview with DeNiro, discovered a 70's movie of his by Scorsese I didn't know - Mean Streets. Any good?
[09:28] {thomcbell} yes good
[09:28] {nemo} very raw
[09:28] {thomcbell} raw
[09:28] {nemo} Harvey Keitel too
[09:28] {thomcbell} eggsactly nemo
[09:28] {Les} damn they're young looking fellas
[09:28] {nemo} many of the early group
01[09:28] {Threei}  will skip first minutes, don't see clear opening play
[09:29] {Les} Notice metals trying to get that bounce into resistance happening. Not very enthusiastic
[09:29] {Les} gold leading means risk off
[09:32] {jfjf64} mornin
01[09:32] {Threei}  jf :)
01[09:32] {Threei} Long Setup:  GLD  .50 break hl
01[09:33] {Threei}  If holds  .35
01[09:34] {Threei}  nah
[09:35] {Les} woha grabbed GDX for a wild drop
01[09:36] {Threei} Long Setup:  GDX  .70 break
01[09:36] {Threei}  If holds  .60
[09:36] {thomcbell} long setup gwre 37.37 break hl
[09:38] {Alexs} gm
01[09:38] {Threei}  alex :)
[09:38] {thomcbell} slw could db here
01[09:39] {Threei}  1:1
01[09:40] {Threei}  GLD goes now
[09:40] {Les} 2nd entry GDX if holding .60{'
[09:40] {Les} ?
01[09:41] {Threei}  jumped
[09:41] {Les} bit crazy for me
[09:41] {Les} VWAP is holding it down at .80
[09:42] {cc_9} GM folks.
01[09:42] {Threei}  cc9 :)
01[09:43] {Threei} Long Setup:  SLW  .28 break
[09:43] {Les} banksters showing early weakness... C
01[09:43] {Threei}  If holds  .20
01[09:45] {Threei}  come on... 1 cent to 1:1?
01[09:45] {Threei}  yeah
[09:45] {Les} VWAP again
[09:46] {jdetente} AAPL getting closer to half off the all time highs...
[09:46] {jdetente} be still my heart..lol
[09:46] {Les} CAT 80 short?
[09:47] {Les} wild ride there too
01[09:47] {Threei} Long Setup:  C  .10 break
01[09:47] {Threei}  If holds  45
[09:49] {Les} 2 way on C?
01[09:49] {Threei}  Invalidated
01[09:49] {Threei}  no
[09:50] {Les} CAT 2 way vad?
01[09:50] {Threei}  short yes, long no
[09:50] {cipher} veco l .70
[09:50] {Les} k hl
[09:52] {cipher} out veco .05 +.35
[09:52] {Les} BBRY very weak
01[09:52] {Threei} Long Setup:  LVS  .70 break hl
01[09:52] {Threei}  If holds  .60
[09:53] {cipher} out cavm .35 +.44
01[09:56] {Threei}  1:1
[09:57] {Buster} Thanks Vad
[09:57] {cipher} infa l .45
01[09:57] {Threei}  yw
01[09:57] {Threei}  1:2
01[09:57] {Threei}  1:3, out
[09:57] {cipher} CRZO L.31
[09:57] {Les} huge disreprency between SLW and GDX
[09:57] {Will49} tks Vad (whew)
01[09:58] {Threei}  :)
01[09:58] {Threei}  1:4... is "awww" an emotion?
01[09:58] {Threei} Short Setup: SLW  23 break
01[09:58] {Threei}  If holds  .10
[09:58] {cipher} out  INFA .63 +.18
01[10:00] {Threei}  1:1
[10:00] {thomcbell} long setup hig 26.24 break if holding 26.20
[10:00] {thomcbell} splk long setup 40.20 break if holding 40.10
[10:00] {cipher} out ctxs .53 +.22
[10:01] {thomcbell} hig 1:1
[10:01] {Les} lvs 53 reversal?
[10:02] {thomcbell} splk 1:1
01[10:02] {Threei}  yes but keep it to hl
[10:02] {thomcbell} splk not a day trade for me
[10:02] {thomcbell} not a scalp rather
[10:03] {thomcbell} target 40.75
[10:03] {cipher} nxpi l.92
[10:03] {cipher} out .99
[10:04] {cipher} out crzo .41 +.10
[10:04] {thomcbell} gwre 1:3
[10:05] {cipher} rose l .05
[10:06] {cipher} out .25
[10:08] {cipher} nxpi s .28
[10:09] {cipher} stopped .25 +.03
01[10:09] {Threei} Short Setup: C  .30 break
01[10:09] {Threei}  If holds  .35
01[10:10] {Threei}  too fast
01[10:10] {Threei}  late alert, sorry
01[10:10] {Threei}  1:1, no secondary entry
[10:12] {Les} lvs 1:1
[10:15] {Les} 1:2 all covered
[10:15] {Les} SLW playing games again
01[10:17] {Threei} Long Setup:  GDX  .45 break
01[10:17] {Threei}  If holds  .35
[10:19] {cipher} abx l .40
[10:19] {thomcbell} gwre out
01[10:19] {Threei}  1:1
[10:19] {cipher} RGLD L.03
[10:20] {thomcbell} hig stop to 26.32
01[10:20] {Threei}  frikin C... why did you have to run away
[10:21] {cipher} ABX stopped . 33 -.07
[10:22] {Les} CAT
[10:22] {Les} .60? holding .70{?
[10:22] {Les} .75?
01[10:23] {Threei}  no read
[10:23] {Les} k
[10:24] {thomcbell} vad what do u think cit long setup
[10:24] {Les} BBRY BBY trying to squeeze shorts
[10:25] {Les} BBRY resistance should be around here
[10:25] {Les} SLW new short .70?
01[10:26] {Threei}  don't see it clearly tbell
[10:26] {thomcbell} cit nothing there now
[10:26] {cipher} out RGLD .13 +.10
01[10:27] {Threei}  not clear, SLW... chart is right but SPY weakens
01[10:27] {Threei}  and SLW tends to hedge
01[10:27] {Threei}  look how perfect that double top was on C, when I called short at .30
[10:28] {nemo} too frickin' tired to be insulting today
01[10:28] {Threei}  still mourning being 1 sec late with alert, lol
[10:28] {Les} don't see it clearly
[10:28] {Les} the DT
01[10:28] {Threei}  10:08 and 10:10
[10:28] {Les} I see the vol. as it exhausts itself
01[10:29] {Threei}  second one is lower, both with upward tails
01[10:29] {Threei}  one peakas above BB, second is contained
[10:29] {Les} 10:07 and :09 on my screen. Ok I see that
01[10:29] {Threei}  classic
[10:30] {Les} BBRY trying hard here at resistnace to squeeze some more
[10:30] {thomcbell} cit 41.54 break if holding 41.45 half lot
[10:30] {thomcbell} didnt realize this was such a thin name
[10:31] {Les} BBRY .55 short if holding .65?
[10:31] {thomcbell} hig got stopped on balance at 26.32 - +0.08
[10:31] {Les} looks like DT at .61 or .62
[10:32] {Les} or small ascending triangle for fresh breakout
[10:32] {Les} you been up with the bunny all night again boy?
[10:32] {Les} should leave her little tail alone
[10:32] {Will49} nemo was out shooting the Boston bombers
[10:32] {nemo} couldn't sleep, then all hell broke loose about 2am with the bomber shit
[10:33] {Les} u leave ur telly on, or the neighbours were all out patrolling the streets?
[10:33] {cipher} ABX L.27
[10:33] {Will49} did you get him on the first shot?
[10:33] {Les} Vad C tightening for a new move here
[10:34] {Will49} will go either up or down Les
[10:35] {Will49} guess!
01[10:35] {Threei}  up
[10:35] {jdetente} Here's an interesting article detailing the bomber that was killed.
[10:35] {jdetente} http://deadspin.com/heres-everything-we-know-about-tamerlan-tsarnaev-the-476415081
[10:35] {Les} frikin CANuck that's what setups are for
[10:35] {jdetente} as an aside
[10:36] {Les} don't care about the individual. I am curious that Chechnya is leaking onto domestic US territory.
[10:36] {thomcbell} nice trade there on lvs - was that you les?
[10:36] {nemo} muslims
[10:36] {Les} which one?
[10:36] {thomcbell} somebody shorted lvs
[10:36] {jdetente} read the article les
[10:36] {Les} yeh chechnya got the marchandise needed. Muslim terrorists welcome
[10:36] {jdetente} it's more about his religious fanaticism
[10:36] {Les} yeh that was me
[10:38] {Les} yeh jd, so in that sense, muslim fascists taking their fight out of Europe
[10:38] {Will49} so Vad, are you calling C break .20?
[10:38] {Will49} didn't want to miss it
[10:38] {Les} I like C short
[10:39] {Will49} my simple system: if Vad doesn't call it- i don't take it
01[10:39] {Threei}  am not
[10:40] {Will49} Les is king
[10:40] {Les} been busting 15 min BB's as resistance just overhead.
[10:40] {Will49} for 5 minutes
[10:40] {Les} no thanks
[10:40] {Les} just defining setups as I see em
[10:41] {Will49} you're not rising to the bait this morning Les
[10:41] {Les} no ritalin working fine and I ain't mixing alcohol
[10:41] {Will49} thought I'd take over for nemo
[10:41] {Will49} as he's busy cleaning his gun
[10:41] {Les} cleaning his bunny
[10:42] {jdetente} gun and bunny
01[10:42] {Threei}  gun with bunny
[10:42] {jdetente} lmao!
[10:42] {Les} hmmm
[10:42] {Les} not sure about that
[10:42] {Will49} good one Vad
06[10:42] * Threei takes a bow
[10:42] {jdetente} poor Peter Cottontail
[10:43] {Les} GDX might be ready for a litlte upside here
[10:43] {Les} but no setup
[10:43] {Les} oooh JPM
[10:44] {Les} forget it
[10:44] {Les} might break down but... tighter than the bore on Nemo's pop guns
[10:46] {nemo} chrome lined
[10:47] {Les} chrome lined bores?
01[10:49] {Threei} Short Setup: GDX  .30 break
01[10:49] {Threei}  If holds  .40
01[10:49] {Threei}  Invalidated
[10:50] {Les} was a bit cantankerous earlier in the wake due to rapid wake up of every frikin pollinating tree in Switzerland all letting go at the same time. Mixing some strong stuff to survive the day Tue/Wed.
[10:50] {Will49} well, that explains everything
[10:50] {Les} week, not wake
[10:51] {Will49} now I like you Les
01[10:51] {Threei}  less?
[10:51] {Will49} :)
[10:51] {backman} more...or less?
[10:51] {Les} went from wet and 10 degrees to 21 and sunny overnight. Trees that normally pollinate as far back as Feb all letting go at same time
[10:52] {Les} less is no more
[10:52] {Will49} is that why you left Aus?
[10:52] {Will49} allergies?
01[10:52] {Threei}  I start thinking of Les's Switzerland as some kind of mortal danger zone
[10:52] {Les} didn't have any in Oz
[10:52] {Les} gift from Europe
[10:53] {Les} poor daughter's face was blowing up like a balloon. obviously allergic as well
[10:53] {Will49} so you moved to Switzerland to be closer to your money
[10:53] {Les} my wife's money
[10:53] {Les} ;)
[10:54] {Will49} even better
01[10:54] {Threei}  as much as I like an idea of being close to Les wife's money, I will stay away from Switzerland
[10:55] {thomcbell} splk 1:3
[10:55] {Will49} yeah, I couldn't get used to wearing the short pants with suspenders the men have to wear
[10:56] {Les} so-called global warming ain't making life easier
01[10:56] {Threei}  and when I think of how close those Scottish parachutists are...
[10:56] {Will49} LOL
[10:56] {Les} http://www.spiegel.de/international/zeitgeist/the-1970s-craze-for-lederhosen-porn-from-bavaria-germany-a-889164.html
[10:56] {cipher} out ABX .43 +.16
[10:58] {Will49} Les, NOW i see
[10:58] {Les} there's lederhosen and there's lederhosen...
[10:58] {Will49} do you have a spare room? I want to visit
[10:59] {Les} something about invasive species I recall....
[10:59] {cipher} EVEP drop
[10:59] {Will49} :)
[10:59] {Les} :)
[11:00] {cipher} EVEP L.18
01[11:00] {Threei}  (SI) Slovenia Fin Min: Slovenia will not be a repeat case of Cyprus
[11:00] {Les} http://www.youtube.com/watch?v=RM3W5XBrVEA
[11:00] {Les} u Kanucks seen this?
[11:01] {Les} Canucks?
[11:02] {Will49} watching
[11:03] {Les} I like tar sands "Mordor"
[11:03] {Will49} hahahaha
[11:04] {patel} gm
01[11:04] {Threei}  patel :)
[11:04] {patel} I miss anything
01[11:05] {Threei}  decent morning... not spectacular but positive
[11:05] {patel} Had to take my wife to the doctor's this morning.
01[11:05] {Threei}  is everything OK?
[11:05] {patel} yeah
01[11:06] {Threei}  you know, I think these folks whining abvout pollution in Canada never left Canada
[11:06] {Will49} Les...that's a classic :)
[11:08] {Will49} even we deniers find it hillarious
[11:08] {cipher} EVEP stopped .-28
01[11:09] {Threei}  I met my tax preparer yesterday. I find nothing hillarious today
[11:09] {Les} heh
01[11:09] {Threei}  In fact I hate life today
[11:09] {Will49} you one-perceners have to PAY, Vad
[11:09] {Will49} percenters
[11:10] {Les} both SLW and GDX at their vwap resistance
[11:10] {cipher} EVEP L.49
01[11:10] {Threei}  (US) Reports of a suspicious package at a Visitor's center in Capitol Hill, Washington DC, evacuations ongoing
01[11:11] {Threei} Short Setup: C  .20 break
01[11:11] {Threei}  If holds  .25
01[11:12] {Threei}  two-sided
[11:14] {Les} taking JPM long too
01[11:14] {Threei}  stop .18
[11:14] {Les} stronger
[11:14] {jfjf64} l kmb 105.00
[11:15] {thomcbell} cit 1:1
01[11:18] {Threei}  keep shares small oln that one jf, can be really volatile
[11:18] {jfjf64} ty
[11:18] {cipher} out EVEP .20 +.71
01[11:18] {Threei}  wtg
[11:18] {thomcbell} a+
[11:18] {cipher} ty
[11:20] {backman} who is the clown on ARCA at 45.27?
01[11:21] {Threei}  whoever he is, if GS finally breaks over .80 he is going to get steamrolled
[11:21] {Les} GS underperforming the rest. at VWAP resistance
[11:24] {thomcbell} vad i sent you message
01[11:24] {Threei}  you assume I can read
[11:25] {thomcbell} fyi guys i sold 1/2 splk here in the 40.50's - it names really not great
[11:28] {thomcbell} using a 40.50 stop on balance of splk
[11:28] {cipher} EVEP L.11
01[11:28] {Threei}  1 cent of 1:1 again??
[11:30] {cipher} AREX L..60
01[11:30] {Threei}  tbell, dcc :)
[11:31] {backman} when u trade C with a tighter stop, do you have narrower profit targets
01[11:32] {Threei}  normally, no
01[11:32] {Threei}  maybe partial at .34 in this case is a good idea
01[11:32] {Threei}  since .35 proves to be a problem
01[11:33] {Threei}  but I think it was GS sudden drop that caused C to retreat
01[11:33] {Threei}  1:1
01[11:33] {Threei}  GS is back to high, now either it breaks or double-tops
01[11:33] {Threei}  and that will determine futher C fate
[11:35] {jfjf64} kmb
[11:35] {backman} tu
[11:35] {jfjf64} got scared with that bg of pullbk
[11:36] {cipher} out AREX .66 +.06
[11:36] {thomcbell} out rest splk here in 40.60's - + 0.42
[11:37] {Will49} nice Tb
[11:37] {thomcbell} tu - needed a good day
[11:37] {Les} gj
[11:40] {cipher} out EVEP .29 +.18
[11:41] {thomcbell} darn splk hit target
01[11:42] {Threei}  jf, that's an untradeable stock
[11:44] {backman} GDX bouncing off its lows
[11:44] {Les} damn miners just died after touching vwap
[11:44] {cipher} ACTG L .01
[11:46] {cipher} out -.11
[11:47] {cipher} ACTG S.91
[11:47] {cipher} cov .66 +.25
[11:47] {cipher} almost got the bottom
01[11:51] {Threei}  where is dino today?
[11:51] {Will49} Jurasic Park
01[11:51] {Threei}  you may have overcommunicated with me will...
[11:51] {Will49} ooops
01[11:52] {Threei}  recognizable and questionable humor {G}
[11:52] {Les} I thought that was funny
[11:52] {Les} but don't mind me
[11:52] {Will49} thanks Les, my friend:)
[11:55] {Les} not sure you can replace Nemo, but as a stand in ... yeh why not. :)
[11:55] {cipher} ACTG L.14
[11:58] {cipher} out .39 +.25
[11:59] {cipher} got my revenge, I'm satisfied
01[12:00] {Threei}  :)
[12:02] {Les} slw returning to lows. not sure for a db or consolidation and further selling
[12:03] {Les} .25 long GDX?
[12:03] {Les} holding .20?
01[12:03] {Threei}  *(UK) FITCH DOWNGRADES UK SOVEREIGN RATING TO AA+
01[12:03] {Threei}  nah
[12:03] {Les} still too scared to call UK junk?
[12:04] {thomcbell} possible short setup here splk 40.96 break if holding 41.03
01[12:12] {Threei} Short Setup: SLW  .50 break
01[12:13] {Threei}  If holds  .60
01[12:13] {Threei}  aggressive for .40, target 1:3
[12:20] {Les} missed yer call vad, can take full load short here?
01[12:20] {Threei}  hmm?
[12:20] {Les} slw at .40
01[12:21] {Threei}  call is .50
[12:21] {cipher} ACTG L.28
[12:21] {Les} missed it
01[12:21] {Threei}  why would you want to take it at .40?
[12:21] {Les} consolidating at the lows
[12:21] {Les} and looking ready to go lower
[12:21] {Les} GDX falling
01[12:21] {Threei}  personal preference
[12:21] {Les} k
01[12:22] {Threei}  this is a new setup
01[12:22] {Threei}  and inlight of mine, riskier
[12:22] {Les} how can I tar and feather you if you force me to accept responsibility for my actions?
[12:22] {Les} ;)
[12:22] {thomcbell} splk 1:1
[12:23] {cipher} out ACTG .42 +.14
01[12:23] {Threei}  with 2x4
[12:24] {Les} manipulation with violence huh...
01[12:24] {Threei}  but for that you'd have to get within striking distance of me... and hating life after yesterday's meeting with accountant, I tend to set a machine gun on "shoot automatically on approach"
[12:24] {nemo} so violent
[12:25] {Will49} great comment nemo...coming from you:)
01[12:26] {Threei}  considering that supplied me with motion autodetect syustem for that gun...
01[12:26] {Threei}  that he supplied
[12:26] {thomcbell} Stop to b/e on splk
[12:35] {backman} how do u trade thes stocks with .05 spreads...VRTX was .08 earlier today
[12:35] {thomcbell} splk 1:2
[12:36] {thomcbell} last 1/4 using a 40.85 stop
[12:37] {thomcbell} u mean splk?  Batman?
01[12:37] {Threei}  with deep disgust and periodic swearing
[12:40] {backman} i feel the love .....no VRTX left me gasping for breath....
01[12:40] {Threei}  see? if you swore while trading it, it would have evened out your breathing
01[12:41] {Threei}  one caveat though
01[12:41] {Threei}  you have to study Russian for that... english swearing is too short
01[12:42] {Threei}  ok SLW
01[12:42] {Threei}  give us 1:2 now
01[12:42] {Threei}  there... good boy
01[12:42] {Threei}  that's better
01[12:43] {Threei}  good winning percentage, and couple of them are juicy enough to make a day worth waking up
01[12:43] {Threei}  although that accountant... ugh
[12:44] {patel} hey hey hey dont talk about accountants or I might have to come an audit you.
06[12:45] * Threei checks motion detect system on the machine gun, and oils moving parts anew
[12:46] {thomcbell} splk 1:3
01[12:46] {Threei}  wtg
01[12:47] {Threei}  SLW 1:3 target hit, out
01[12:47] {Threei}  don't you love aggressive entrues
[12:47] {patel} Thanks
01[12:47] {Threei}  yw
[12:47] {patel} I missed the 1st entry
[12:47] {patel} but I took it on the pullback.
01[12:47] {Threei}  so you pulled Les?
01[12:47] {Threei}  oh I see
[12:48] {patel} I guess still got in at .49
01[12:48] {Threei}  yeah, but after it reached 1:1?
01[12:48] {Threei}  if so, then your stop would have to be .51
01[12:48] {Threei}  not the original .61
[12:49] {patel} oh crap. Yes I just see where it hit .36
[12:49] {patel} when I came back I saw .40's
01[12:49] {Threei}  the logic here is:
01[12:49] {Threei}  if you go for a conservative entry after 1:1 is reached, you take bigger risk of a trade not working,
[12:50] {patel} true
01[12:50] {Threei}  since if it goes over original entry, it stops the balance out.
01[12:50] {Threei}  To compnesate for it, you diminish the risk in monetary terms,
01[12:50] {Threei}  by putting your stop where the stop for the balance is after hitting 1:1
01[12:50] {Threei}  , in terms of this play - .51.
[12:50] {thomcbell} splk 1:4 and out
[12:51] {patel} I see. Thanks for letting me know.
01[12:51] {Threei}  If you keep it at original .61 level, it misalings with the whole setup,
01[12:51] {Threei}  sinve partiasl will be stopped for those who took regular entry,
[12:51] {Will49} wtg tbell
01[12:51] {Threei}  and you with conservative one is still in for some reason
01[12:52] {Threei}  so... making changes, make sure the logic of the setup is still there
[12:52] {backman} how about looking at similars....GDX kept selling after breaking dl...why not expext SLW to do the same?
01[12:52] {Threei}  normally it's the way to do it,
01[12:53] {Threei}  use a leader to trade the sheep
01[12:53] {Threei}  In this case, two things that made me close it at 1:3
01[12:53] {Threei}  One, GDX and SLW disconnected today earlier somewhat
01[12:54] {Threei}  I am not sure they are still as cvonnected at the hip as they used to be.
01[12:55] {Threei}  Another is, it's friday after losing day yesterday which interrupted two-weeks long winning streak,
01[12:55] {Threei}  I want to make sure we go home solidly positive
01[12:55] {Threei}  and considering howmany plays today ended up being just scalps, want to secure fat 1:3er
[12:56] {backman} gotcha....thnk u
01[12:56] {Threei}  If I need to sacrifice possibility of bigger move on it, so be it, view it as an insuranve
[12:56] {Les} not my day today and missed the ones that have paid off
[12:57] {backman} green certainly isures much
01[12:58] {Threei}  les, you displayed today this "trade after trade, asking for the next one before previous even set up" pattern
01[12:58] {Threei}  rarely good sign
01[12:58] {Threei}  settle down and breathe... it's not the number of trades that counts
[12:59] {Les} I recognise the day. Dead shit slow. Not my thing. But adjusting to appropriate behaviour difficult, especially once a hole is dug
01[13:00] {Threei}  how do you dig it? We are nicely up
01[13:00] {Threei}  plenty of calls worked
[13:00] {Les} by missing those reeeeally slow ones that pay off
[13:00] {Les} or stopping out prematurely
01[13:00] {Threei}  how do you miss slow one??
01[13:01] {Threei}  how do you stop out if a stop is not hit?
[13:01] {Les} cause I don't wanna spend 30 mins in front of a frikin screen
01[13:01] {Threei}  why do you set a stop at any other level than what is dictated by a setup?
01[13:01] {Threei}  wow
01[13:01] {Threei}  you have some strange p[riorities
01[13:01] {Threei}  mine is to make money
[13:01] {Les} sure. 2 kids that require attention
01[13:02] {Threei}  yours is to spend certain amount of time in front of a cscreen?
[13:02] {Les} normal action that occurs withîn minutes is great. get in, get out, get dinner done
01[13:02] {Threei}  OK... on behalf of all the stocks that are so incosiderate and do not reach the target within one minute, I sincerely apologize
[13:03] {Les} and rightly so
[13:05] {Les} yesterday recovered no problem. setups change a little is all. But this is punishment to me
[13:11] {nemo} DE coming into vwap
[13:12] {Les} http://www.hark.com/clips/kwwlkhblzj-i-cannot-teach-him-the-boy-has-no-patience
[13:13] {backman} JPM very similar setup to yesterday ....same time of day.....sold off nicely yesterday off it
01[13:28] {Threei}  todasy is not yesterday, JPM says... :)
[13:31] {dino} i miss much?
01[13:31] {Threei}  dino :)
01[13:31] {Threei}  not bd day
01[13:31] {Threei}  not bad
01[13:31] {Threei}  cipher found his victims alright, and killed them... so I presume you'd have, too
[13:33] {dino} :)
01[13:33] {Threei}  also, Will sense of humor deteriorated to the level of mine
01[13:33] {Threei}  [11:51] {Threei} where is dino today?
01[13:33] {Threei}  [11:51] {Will49} Jurasic Park
[13:35] {dino} lol
01[13:35] {Threei}  don't laugh... this is tragedy
01[13:36] {Threei}  next shishkebab gathering, his wife will look me in the eye and ask what I did to him
01[13:36] {Threei}  and I will have to hang my head in shame
[13:36] {Will49} I just remembered, I have to stay home and sort my socks that day
01[13:37] {Threei}  well, I am not giving her your portion as a takeout
01[13:37] {Threei}  you want shishkebab, you come here and face whatever challenge is presented
[13:37] {Will49} she has to stay home with me and make sure I match colours
01[13:38] {Threei}  think something will stop ese and dp from eating your portion?
01[13:38] {Threei}  hah!
[13:38] {Will49} what do I have to do to get back in your good graces?
01[13:38] {Threei}  oh, it's not me
01[13:39] {Threei}  I am fine with that humor, it's MY level of humor after all
[13:39] {dino} athn sm l .74 ave
[13:39] {Will49} so who di I suck up to?
[13:39] {Will49} do I
[13:39] {thomcbell} upl kind of interesting to me here with a 20.49 stop
[13:39] {thomcbell} havent pulled the trigger yet
01[13:39] {Threei}  it's your wife that will ask where her once sophisticated man went
01[13:40] {Threei}  and I will be held responsible
[13:40] {Will49} sheeesh, better pull myself together
01[13:40] {Threei}  wacthing if GDX forms a top here
[13:41] {Will49} Ya Vad, you're going to take the blame for this
01[13:41] {Threei}  I know
[13:41] {Will49} she already thinks you are responsible for me hiding in "the man cave) for 7 hours every day
01[13:42] {Threei}  I'll just tell her it's porn...
[13:42] {thomcbell} ok upl 20.55 break if holding 20.50
[13:42] {Will49} oh yeah....that'll work
[13:43] {thomcbell} might be two sided too
01[13:43] {Threei}  long looks more probable to me here, tbesll
01[13:43] {Threei}  -s
[13:44] {Les} apologies for before Vad
[13:44] {thomcbell} me too
[13:45] {Les} an area of my trading I must work on
01[13:45] {Threei} Short Setup: GDX  .25 break
01[13:45] {Threei}  If holds  .31
01[13:46] {Threei}  somewhat weird stop placement, but
01[13:46] {Threei}  it's a very recognizable one for me Les, same demon that dp fights
[13:47] {Will49} and me Les
01[13:52] {Threei}  IPL works slowly
01[13:52] {Threei}  UPL
[13:52] {thomcbell} y so far so good -
[13:54] {patel} HXM climo
[13:56] {dino} out athn .05 +.31
[13:56] {cc_9} GILD, anyone thinking a fade here ?
[14:00] {Will49} not me
[14:00] {Will49} there...you got a response:)
[14:00] {Will49} I felt sorry for you
[14:00] {dino} gild sm s .45
[14:01] {Will49} there's the best resonse right there
[14:01] {dino} bstop is .61
[14:01] {Will49} response
[14:03] {cc_9} ill make sure i include hookers and grain alcohol in my next question
[14:03] {cc_9} i think i finally understand
01[14:03] {Threei}  there!
[14:04] {Will49} you fit right in here cc
[14:04] {Les} lol scanning posts and I see hookers and alcohol!
[14:04] {Les} got my attention
01[14:04] {Threei}  see?
[14:04] {dino} gild to b/e
01[14:04] {Threei}  this is frikin locker room
01[14:05] {Threei}  good one on GILD
[14:05] {patel} now just post some porn links and Les will be alive.
[14:05] {Will49} a virtual "Man cave"
01[14:05] {Threei}  janitor won't like it
[14:05] {Will49} LOL
[14:06] {patel} "sticky fingers"
[14:06] {dino} better than stinky
[14:06] {jdetente} oh boy lol
01[14:07] {Threei}  1 cent from 1:1 GDX
01[14:07] {Threei}  sigh
[14:08] {dino} out gild flat
[14:14] {thomcbell} long setup lvs 53.05 braek if holding 52.97
[14:15] {thomcbell} vad did u stop out of 2nd half of upl?
01[14:16] {Threei}  no, it didn't go under .55
[14:22] {thomcbell} ok good
[14:22] {thomcbell} was unsure if u used 0.55 or 0.54 as a stop
01[14:25] {Threei}  my stops are always "just under" or "just above" the trigger level
01[14:26] {Threei}  on a trail I mean
[14:29] {thomcbell} long setup kors 53.55 break if holding 53.43
[14:30] {thomcbell} hl only
01[14:40] {Threei} Short Setup: WFC  .60 break
[14:46] {thomcbell} kors invalidated obviously
[14:48] {thomcbell} goog what a beast today
[14:48] {patel} along with CMG
[14:54] {Will49} crap.....PC seized up
[14:54] {Will49} panic time
01[14:55] {Threei}  while in trade?
[14:56] {Will49} yes, but OK after reboot
01[14:56] {Threei}  keep cc_9 number on a speed dial... phone and scream "get me out!!" until his ears fall off
[14:56] {Will49} luckily WFC didn't go anywhere while I was off line
[14:57] {Will49} seriously? wouldn't it be easier to fire up my laptop with laser on
01[14:59] {Threei}  yes
01[14:59] {Threei}  but would it be more fun?
[15:00] {Will49} screaming at him you mean?
01[15:00] {Threei}  yes... and his ears falling off
[15:01] {Will49} ears falling off has a different connotation for me
01[15:02] {Threei}  OK WFC, Will is back, now die
[15:02] {Will49} yes, be my guest
[15:05] {Will49} Vad, did you call for a tighter stop while I was away?
01[15:05] {Threei}  no, but .66 is a good idea now
01[15:05] {Threei}  GS drops
01[15:05] {Threei}  so WFC better follow
[15:05] {cipher} EBAY drop
[15:10] {backman} WFC...seems like it's best friends with buy the dip crowd
[15:11] {cipher} did you mean BTFD crowd?
06[15:13] * Threei pokes WFC in the ribcage with electrocharged sharp stick
[15:14] {backman} yes...i expected when it hit earlier lows of .55/.56 they would leave in droves
01[15:16] {Threei}  IMF's Lagarde: Cyprus situation should convince Europe that banking union is needed ASAP
01[15:16] {Threei}  really? I'd come to opposite conclusion
01[15:17] {Threei}  (EU) Germany Fin Min Schaeuble: No one should expect high growth rates in Europe for years
01[15:17] {Threei}  don't worry, we don't
01[15:18] {Threei}  - Democracy could be put in danger if Europe encounters another crisis similar to what was seen in 2008.
01[15:18] {Threei}  encounters?
[15:18] {Will49} creates
01[15:18] {Threei}  he means you just walk down the street and suddenly encounter crisis?
01[15:18] {Threei}  imbecile
[15:18] {Les} speaks with forked tongue that fella
01[15:19] {Threei}  (EU) ECB's Draghi: ECB has seen no economic situation improvement in the last two weeks.
01[15:20] {Threei}  what is it, Idiot Friday?
[15:20] {backman} ebay...trying to bounce through 52
01[15:20] {Threei}  no one told me
[15:24] {Will49} beginning to look like one of those last 5-minute nail biters
01[15:26] {Threei}  yeah
01[15:26] {Threei}  just trying to pick the safest ones for the end of the week, to make sure we do go hom in black
01[15:26] {Threei}  the opposite side of that is slow
01[15:30] {Threei}  not much fear into close
[15:30] {Will49} except in my chair")
[15:31] {Will49} :)
[15:31] {Will49} JK
01[15:31] {Threei}  fear not
[15:31] {Will49} whatever will be will....
[15:34] {patel} target on WFC
01[15:34] {Threei}  gosh... something :)
01[15:35] {Threei}  ut'as about to get stopped
[15:36] {cc_9} HXM, to short or to have a good weekend, that is the only question
01[15:37] {Threei}  out
[15:38] {Will49} poop
[15:38] {patel} damn Will large share size will make you poop
[15:38] {Will49} (emotion)
[15:45] {Will49} Well...regardless of the poop,that was my best week yet, so I go home a happy camper
01[15:45] {Threei}  :)
[15:46] {Will49} so thanks Vad. There's hope for me yet
[15:46] {patel} good job
[15:47] {Will49} tks
06[15:47] * dino slaps Will49 around a bit with a large trout
[15:48] {Will49} is that good?
[15:48] {dino} :)
[15:52] {dino} calling it a week, take care all
01[15:52] {Threei}  ok guys, let's call it a day
01[15:52] {Threei}  and a week
01[15:52] {Threei}  thank you all
[15:52] {patel} thanks
[15:52] {Will49} Cheers
01[15:52] {Threei}  have a great weekend, see you Monday
[15:53] {Les} cheers
[15:56] {backman} thanx