Sept 04 2013

What was developing as a nice day, ended about flat with a few stops closer to the end of the sessions. Oh well, market transition days are often like this - takes a few sessions to readjust. There has been interesting discussion about trading platform and pivot point levels though, so make sure to read up on that. 

Session Time: Wed Sep 04 00:00:00 2013
01[09:15] {&Threei}  yawn
01[09:15] {&Threei}  nemo, have a look what happens in this quiet town: http://www.youtube.com/watch?v=zn-7nbU9xho
[09:18] {Will49} gm
[09:18] {RonS} gm
01[09:19] {&Threei}  will, ron :)
[09:21] {dino} gm
01[09:21] {&Threei}  dino :)
[09:21] {cipher} gm
01[09:21] {&Threei}  cipher :)
01[09:22] {&Threei}  I wonder what would have happened to those dogs were the cougar a bit more hungry
[09:25] {bbobr} gm
[09:25] {Alexs} gm
01[09:25] {&Threei}  bbobr, alex :)
01[09:29] {&Threei} Short Setup: GDX  28 break
01[09:30] {&Threei}  If holds  .10
[09:31] {cc_9} gm all
01[09:31] {&Threei}  cc9 :)
01[09:32] {&Threei}  Apple Inc Tech blogs speculate that a new television product to be possibly unveiled at the Sept 10th event
[09:32] {nemo} I love speculation
01[09:32] {&Threei}  no go
[09:34] {dino} gwre sm l .80 gappy
[09:35] {dino} stop gwre .50, -.30
01[09:36] {&Threei} Long Setup:  C  .45 break
01[09:36] {&Threei}  If holds  .40
01[09:38] {&Threei}  1:1
[09:39] {cc_9} FRAN monster gap down
[09:40] {dino} gwre sm l .50
01[09:41] {&Threei}  1:2
[09:41] {dino} out gwre .00, +.50
01[09:41] {&Threei}  wtg
[09:41] {dino} abm sm l .78
01[09:42] {&Threei}  Alex, hope it helps aleviate your dislike of C in the morning
[09:42] {dino} ty
[09:42] {Alexs} :)
01[09:44] {&Threei}  1:3, out
[09:45] {Will49} nice Vad tks
01[09:45] {&Threei}  can we say we got our fait share from this bank?
01[09:45] {&Threei}  fair
01[09:45] {&Threei}  yw
01[09:47] {&Threei}  UK PM Cameron: 'I accept that Britain can't be part, and won't be part, of any military action' on Syria
[09:48] {Alexs} progressives want more
01[09:48] {&Threei}  they always do
01[09:48] {&Threei} Long Setup:  JCP  .40 break
01[09:48] {&Threei}  If holds  .35
01[09:51] {&Threei}  come on, really?
[09:54] {dino} ubnt sm l .70
[09:56] {Alexs} jcp double top?
01[09:57] {&Threei}  can't tell
01[09:57] {&Threei}  watching WMT for long etnry
01[09:58] {&Threei} Long Setup:  WMT  .80 break
01[09:58] {&Threei}  If holds  .75
01[09:59] {&Threei}  *(US) SEPT IBD/TIPP ECONOMIC OPTIMISM: 46 V 46.0E
01[09:59] {&Threei}  1:1
[10:00] {dino} cboe hl l .95
[10:01] {cc_9} iWatch release today ?
[10:01] {Alexs} you mean samsung
01[10:02] {&Threei}  General Motors Corp Reports Aug US sales +14.7% y/y at 275.9K units v 267Ke
01[10:02] {&Threei}  General Motors is undead
01[10:02] {&Threei}  04 Sep 09:58 [NSANY] Reports Aug US vehicle sales +22% y/y
01[10:03] {&Threei}  huh... I bought no Nissans this year...
[10:05] {dino} sm l fran .93
[10:10] {dino} stop to .99 ubnt
[10:10] {dino} stop to .20 cboe
[10:10] {dino} stop to .24 abm
[10:11] {dino} out abm .24, +.46
[10:11] {dino} ubnt to .10
[10:14] {dino} out ubnt .20, +.50
[10:14] {Alexs} nice trading dino wtg
[10:14] {dino} ty buddy
[10:15] {ese} mornin slept in
[10:15] {nemo} yahoo grind up day
[10:16] {dino} to your corner ese
[10:16] {Alexs} msft short .20?
[10:17] {dino} out cboe .19, +.24
01[10:17] {&Threei}  1:2
01[10:17] {&Threei}  took its time but what's our hurry
[10:17] {dino} out fran .97, +.04
01[10:18] {&Threei}  hey Alex, we are getting our fair share from the biggest retailer in the world
01[10:18] {&Threei}  morning ese
[10:18] {Alexs} very progressive
01[10:19] {&Threei}  not sure about MSFT
01[10:19] {&Threei}  I'd prefer to short into bounce
[10:19] {Alexs} k
01[10:19] {&Threei}  ese, I assume first day in school took all your energy
01[10:20] {&Threei}  you may be forgiven... but let it be the last time
[10:22] {ese} got that right vad
[10:22] {ese} ok
[10:26] {dino} panw sm l .38
[10:27] {fish_49} ese what subjects do you teach?
[10:27] {Will49} beer drinking
01[10:28] {&Threei}  out last part on a trail
[10:28] {dino} fran sm l .83
[10:30] {ese} band and mathematics fish
[10:30] {nemo} definitely not English
[10:31] {ese} wanted to teach beer drinking but the students said no.........the staff wanted me to go ahead with it
[10:32] {dino} kmi drop
[10:32] {nemo} then of the course there was the birth certificate alteration class so you could molest the students legally
01[10:33] {&Threei}  you have weird students... they said no to beer?
[10:33] {nemo} sheesh...where did that come from
[10:33] {dino} sm l .76 kmi
[10:33] {fish_49} nemo weird today
01[10:33] {&Threei}  today??
[10:33] {fish_49} Im mean lil more weird than any other day
[10:33] {fish_49} lol
[10:33] {nemo} nice setup fish
[10:34] {ese} ya......beer is too tame for them
01[10:34] {&Threei}  weird day is when nemo is not weird
[10:34] {fish_49} yea I did notice somedays he says very lil
[10:34] {nemo} see how long it took for Vad to pounce, his fingers were moving before his mind new it read your comment
[10:34] {fish_49} not often
[10:35] {nemo} wow, that was one of the more amazing examples of being in Zen I've seen in a while
06[10:35] * &Threei takes a bow
[10:36] {nemo} really think you should bend over in front of me?
01[10:36] {&Threei} Short Setup: MCD  .90 break
01[10:36] {&Threei}  If holds  95
[10:36] {fish_49} Nemo on a perversion roll today
01[10:37] {&Threei}  again...
[10:37] {nemo} always on a perversion roll, just dependent on commentary
01[10:37] {&Threei}  today?
[10:37] {nemo} don't tell 'em about the sheep vad
01[10:37] {&Threei}  and your knee high boots?
[10:38] {nemo} with high heels no less
[10:39] {dino} out kmi .00, +.25
[10:44] {dino} out fran .99, +.16
01[10:46] {&Threei}  1:1
[10:46] {robbers} Out half at .76
01[10:47] {&Threei}  today is good day for progressives, Alex... getting our fair share from big bank, biggest retailer and biggest fast food chain. We will show them how to exploit proletariiat
[10:48] {ese} kmi perfect hammer pattern there Dino
[10:48] {nemo} vodka?
[10:48] {nemo} mjn looking interesting
[10:49] {nemo} could bounce to the .30ish area first though
[10:50] {nemo} looks like iwm and spy might want their 50 day
[10:52] {dino} panw to b/e
[10:52] {ese} L tivo .05
[10:52] {dino} wrld drop, thin
[10:53] {dino} cboe drop
[10:59] {dino} out panw flat
[11:07] {nemo} bidu very weeka
[11:07] {nemo} weak
[11:07] {ese} Okay I'll little off my game I get that been away for a while for the month of August but Man!!! can  anything slower than tivo
[11:08] {ese} out tivo .10 +.05
[11:10] {nemo} 102.02 50 day on iwm
[11:10] {nemo} 166.22 on spy
01[11:11] {&Threei} Short Setup: GM  35 breal
01[11:11] {&Threei}  If holds  .10
[11:16] {dino} busy morning, but don't want to chase these moves
[11:17] {dino} ax murderer market, imo
[11:17] {cc_9} I see a bunch of traders hedged here expecting some profit taking on this run, so far under water for a few
[11:18] {cc_9} Could be one of those slow grind up days after the big push to sucker in late traders
[11:18] {dino} ax murderer="untrusting", from so i married an ax murderer
[11:23] {cc_9} that 35 bid holding for dear life Vad
[11:25] {Will49} finally able to uncross my eyes
[11:25] {Will49} and my legs
01[11:26] {&Threei}  lol
01[11:26] {&Threei}  Invalidated
01[11:27] {&Threei}  guys, as market activity dies down, let's devote some time to that Q/A session with cc_9 we discussed last week
01[11:27] {&Threei}  as a reminder,
[11:28] {Will49} great idea
01[11:28] {&Threei}  it's about trading platform his firm olffers,
[11:28] {cc_9} Speaking of, Will how are you feeling back on the platform ? All coming back ?
01[11:28] {&Threei}  how to use it to its full potential
01[11:28] {&Threei}  etc.
01[11:28] {&Threei}  Let's do it this way:
[11:28] {Will49} yes, you guys are so tight with your demos that I was forced to go live yesterday
[11:28] {Will49} and it feel better this morning
[11:29] {Will49} sorry Vad..for interupting
01[11:29] {&Threei}  cc_9 will start with some useful bits of information, you ask any questions you may have,
[11:29] {cc_9} Not so much tight Will, our technology provider offers demos using live data (not the delayed data other firms offer for paper accounts) and that expires after 14 days.
01[11:29] {&Threei}  and if I see something urgent to trade, I will post it in #floot
01[11:29] {&Threei}  so I don't interrupt you.
01[11:29] {&Threei}  Deal?
[11:29] {cc_9} How sweet.
01[11:30] {&Threei}  cc_9, podium is yours
[11:30] {Will49} appluase
01[11:30] {&Threei}  and don't call me sweet
[11:30] {Will49} applause
[11:30] {cc_9} Not sure where we left off last time we were discussing it, but I gave a link here for anyone to get a demo account to try the platform for a few weeks
[11:30] {cc_9} That would allow for enough time to compare with w/e anyone is using at the moment.
[11:31] {cc_9} Its my understanding that most are using retail brokerage solutions (either HTML5 web focused or platforms you download).
[11:32] {cc_9} If there is one main aspect that most people who try our DMA platforms vs retail its the speed of execution, the flexibility of the platform and the programmable hotkeys (if you prefer that over point & click)
[11:33] {cc_9} DMA = Direct Market Access, in other words, all transactions are facilitated through ECN routing as opposed to the usual market making.
[11:33] {ese} L mgm .36
[11:33] {Will49} as a newby, would hotkeys benefit me?
[11:34] {cc_9} That is of course one of the technical aspects. The fundamental aspect is that we assist clients in opening accounts and being able to daytrade without having to meet the $25k PDT requirement. "How?", because we are a proprietary trading firm as opposed to a retail broker dealer.
[11:34] {cc_9} Will, for hotkeys, there are two types : execution hotkeys and misc hotkeys
[11:35] {cc_9} Execution hotkeys can for example : F1 = buy market 500 shares / F2 = buy market 1,000 shares / F3 buy limit (on bid) 500 shares / F4 buy limit 1,000 shares (on bid)
[11:36] {cc_9} Misc for example are using the arrow up/down to increase/decrease price by $0.01 and right/left to increase/decrease share size by any default you want (usually 100 shares)
[11:36] {cc_9} So for a newbie, I would say use F1 to F4 as buy orders (market and limit) and F5 to F8 as sell orders.
[11:37] {cc_9} For example : I want to buy SSO 500 shares at $80.50 market price then right away set a limit to sell at 80.90
[11:38] {cc_9} I would press F1 (in this case) then hit arrow up until the price in the order entry shows $80.90 then hit F7
[11:38] {cc_9} as opposed to having to type the share size, click on price, hit buy. Click on share size, type price then hit sell.
[11:38] {cc_9} It makes a huge difference when a stock is moving fast or if you are managing more than one position at a time.
[11:39] {Will49} Hmmm.....probably best not to complicate my life at this point :)
[11:39] {cc_9} It really is not complicated at all Will, its just defining what a certain button does. Once that is defined, its set, you don't have to re-do it.
[11:40] {cc_9} I have a hotkey file I can simply give you and you just load it, nothing you need to do after that :)
[11:40] {Will49} OK thanks...I'll experiment
01[11:41] {&Threei}  just don't hit them by accident
[11:41] {cc_9} Another thing you can also do is to set an OCO (One Cancels the Other) order : in layman's terms if you own a position, you can set both your stop loss and also exit price at the same time, soon as one triggers, the other is automatically cancelled.
01[11:41] {&Threei}  I've seen that happen
[11:41] {cc_9} So you don't have to baby sit your trades.
[11:42] {Will49} that'd be nice
[11:43] {cc_9} Here is what OCO looks like : http://img543.imageshack.us/img543/7371/l3wd.jpg
[11:44] {cc_9} Top part = order 1, bottom part = order 2
[11:44] {cc_9} when one hits, the other gets auto cancelled.
[11:45] {Will49} tks cc
[11:45] {cc_9} Another technical aspect (that saves money), is you can pick what ECN you want to route your trades through.
[11:46] {cc_9} Lets say for example your commission rate is $0.005/share, you want to buy 1,000 shares using ARCA Limit. ARCA will pay you a rebate of $0.002 to add liquidity. Therefore you end up paying only $3.00 on that trade.
[11:46] {cc_9} If 500 shares entry, you pay $1.50 etc...
[11:47] {cc_9} This comes in very handy if you trade liquid stocks and prefer to sit on bid/offer to get your fills on buy/sells
[11:48] {cc_9} Here is a simple layout that I can transfer to anyone that wants it (or you can build your own) http://img33.imageshack.us/img33/5787/vkn.JPG
[11:49] {cc_9} In the center top box, you will see BP, that stands of Buying Power. Its set by default 20:1 the cash balance.
[11:50] {cc_9} So when retail such as Scottrade offers $100k on $25k, we offer $500k for the same deposit (and no, we don't charge $7.00 a trade :P)
[11:51] {cc_9} Here is the link again for those that missed on getting a demo last week : http://www.xxxxxxx.yyy
[11:51] {cc_9} Open to any Qs, technical or not.
[11:52] {Will49} can I leave the room, please?
[11:52] {fish_49} how much is the platform fees? and the Data Feed?
[11:52] {cc_9} Will, here is tutorial for OCO earlier : http://www.youtube.com/watch?v=yYSXRbXg-pY
[11:52] {Will49} tks cc
[11:53] {cc_9} Fish, platform and data are passed through from our technology provider (we don't mark them up), platform + all inclusive data (NYSE/NASDAQ/AMEX quotes + Level II + BATS book) is $150.
[11:53] {cc_9} Data is unlimited as far as how many Level II can be opened at any given time (only pointing this out because Laser caps them)
[11:54] {nemo} spy just reached monthly pivot in striking distance of 166, 50 day at 166.20 definite possibliity
[11:55] {dino} 1660 50 dma
[12:01] {cc_9} Fish, if you used Laser before, you can download Das and compare them.
[12:02] {ese} out mgm .43 +.07
[12:03] {nemo} iwm high is it's 50 day
[12:03] {nemo} spy within a few cents of it's monthly pivot
[12:06] {fish_49} I will give it some thought  CC  thanks
[12:06] {cc_9} no single pullback SPY since 9:35AM, thats the slow grind up we will get in the afternoon.
[12:06] {cc_9} Fish, np, feel free to ask if any Qs come up.
[12:10] {fish_49} I just recently took a course on Futures and want to explore futures...  Im gonna fund my futures account with my current equities account which means I will fall below the $25K required limit for equities. .  I am thinking  I could fund a $5K account with your platform and still trade equities because of the 20:1 leverage your offering...
[12:11] {cc_9} Yes, that is fine.
[12:11] {fish_49} can I use two platforms at the same time?
01[12:12] {&Threei}  keep your equities trading going, and test futures very carefully... I suspect you will be disappointed with them quickly
[12:12] {fish_49} yes  My issue is $  I have only $27K
[12:13] {fish_49} so I I'm thinking the solution CC is offering is a good idea
01[12:13] {&Threei}  yup
[12:13] {fish_49} if two platforms can be running at same time
01[12:14] {&Threei}  why not... the only limitation there is your computer's capabilities
[12:14] {fish_49} cool
[12:14] {cc_9} Yes, so long that you have screen space, you can run multiple platforms.
01[12:15] {&Threei}  what is it that atracts you in futures if I may ask?
[12:15] {cc_9} Das uses about 2-3% of memory with 10+ Level II data feed boxes, so you should be fine.
[12:15] {fish_49} currently have 2 27 inch monitors and have an additional 2 23 inch monitors not being used
01[12:16] {&Threei}  just send those to me
01[12:16] {&Threei}  I seem to burn through moniotors at unusually high rate, lol
[12:16] {fish_49} 2 x 23 inch monitors for sale  Cheap price..  Nemo next time your in MD  stop in you can have them for a buck or 2
[12:17] {nemo} where in MD are you?
[12:17] {nemo} oh yeah, the Fed
[12:17] {fish_49} 1.5 hours from your old stomping grounds
[12:17] {nemo} south or north
[12:17] {nemo} up by PA and Deleware, right?
[12:17] {fish_49} your from the Bowie  area?
[12:17] {nemo} yep
[12:17] {nemo} Delaware
[12:18] {fish_49} north of Bowie  exit 93  of the highway
[12:18] {nemo} ahhh
[12:19] {nemo} IWM hit the roof at the 50sma Monthly Pivot confluence
[12:19] {nemo} spy having problems with Monthly Pivot 166 confluence
[12:21] {fish_49} not far off 2 MA's
[12:22] {cc_9} Kerry is back in front of the truth panel : http://www.bloomberg.com/tv/
[12:22] {fish_49} yes they had the Top Secret Meeting today
[12:22] {fish_49} not sure if finished
01[12:23] {&Threei}  TSM with FSM
01[12:23] {&Threei}  Top Secret Meeting with Flying Spaghetti Monster
[12:23] {fish_49} He made a good case yesterday afternoon and it appears the president will get what he wants  just a matter of when
01[12:24] {&Threei}  yeah but does anyone know what he wants, including him?
[12:24] {fish_49} no  Im sure he just wants  to drop a few bombs  just so he can say :I mean what I say when I make a threat"
01[12:24] {&Threei}  even hardcore lefties that approve of every his word before its uttered have hard time accpeting this
[12:30] {nemo} iwm at channel support
01[12:31] {&Threei} Long Setup:  TZA  .50 break
01[12:31] {&Threei}  If holds  .40
[12:35] {nemo} that's funny, rabbit running around with an empty nip bottle in it's mouth
[12:38] {fish_49} same rabbit that was getting a bath?
[12:38] {nemo} no, mine-bunny
[12:38] {fish_49} huh  u have a rabbit?
[12:38] {nemo} yeah, hold on
[12:39] {nemo} oh shit, don't know how to post a picture
[12:39] {fish_49} I tried earlier  and got kicked
[12:39] {nemo} when it was a baby, my nephew saved it from a cat-the rest is history
[12:39] {fish_49} Im sure the rabbit is safe  since Vad said u like Sheep only
[12:40] {fish_49} you don't have sheep right?
[12:40] {nemo} correct
[12:40] {nemo} goats o.k.
[12:40] {fish_49} lol
[12:40] {Will49} SPCA took nemo sheep away...abuse
[12:41] {fish_49} good thing snakes don't have ears
[12:41] {nemo} one of my nephew's friends is greek.  I nicknamed him goat f'er.  Got nicknames for all his friends
[12:43] {ese} outta here cya tomorrow
01[12:43] {&Threei}  take care ese
[12:43] {fish_49} tc  ese
[12:46] {nemo} spy channel support at 165.70ish
[12:52] {fish_49} approaching a gap fill from 8/26
[13:02] {dino} astx
[13:02] {fish_49} wow
01[13:06] {&Threei}  oversat TZA?
[13:06] {dino} \halted
[13:06] {dino} astx
[13:06] {cc_9} Samsung showing their new product
[13:06] {cc_9} http://www.bloomberg.com/tv/
[13:07] {dino} astx open
[13:07] {dino} spike
[13:07] {fish_49} Note 3
[13:08] {fish_49} I'm in need of a new phone
[13:10] {dino} mdxg drop
[13:11] {fish_49} wow  from Note 3  to the watch phone  cool
[13:11] {fish_49} that was a good intro CC
[13:13] {nemo} https://secure.join.me/xxx  hey, if you guys want to see what I mean click on that number, I'll show you the levels I'm looking at
[13:14] {nemo} on my screen is spy currently see the shaded blue area-that is the gap.  The Yellow line is the Monthly Pivot
[13:14] {nemo} notice how spy is magically hanging out here
[13:14] {nemo} notice the 50day above, and the Weekly R1 just above that
[13:15] {nemo} I'll leave it there for a minute, then I'll show you the IWM
[13:15] {dino} mdxg blood
[13:16] {fish_49} what app is that Nemo?
[13:16] {nemo} Notice the top on the IWM, it's at the confluence of the 50 day SMA and the Monthly pivot
[13:17] {nemo} many times, especially with the indexes, there will be these support or resistance areas that don'
[13:17] {nemo} t
[13:17] {nemo} correspond with price levels, oftentimes they'll be longer term pivot levels
[13:18] {fish_49} would you not expect a turn down when reaching the 20 and 50 resistance?
[13:18] {fish_49} on the spy we are just below the crossover
[13:18] {nemo} Anyway, they're just a way to overlay a map on the levels
[13:19] {nemo} here's the spy again, notice it just closed that gap
[13:20] {nemo} now it will likely head for the 50 day
[13:20] {nemo} oh, let me show you the pivot worksheet
[13:21] {nemo} as you can see, there's alot of data on there
[13:21] {nemo} I can enter any stock, and get the current data
[13:21] {nemo} so it gives me all the current pivot levels and the levels that are within 8% of the current price
[13:22] {dino} wow mdxg
[13:22] {nemo} I only map the indexes on my charts, but these can be handy to check individual stocks
[13:22] {dino} 6 to 2
[13:23] {nemo} wow
[13:23] {nemo} any questions before I shut it down
[13:23] {fish_49} yes
[13:23] {nemo} ok. Joe
[13:23] {fish_49} what app is that your using to share screen?
[13:23] {nemo} join me
[13:23] {fish_49} thanks Bob
[13:24] {fish_49} free app?
[13:24] {nemo} yep
[13:24] {fish_49} ty
[13:24] {nemo} np
[13:24] {fish_49} now show us your sheep
[13:24] {Will49} LOL
[13:24] {nemo} let me dig up a picture of bunny
[13:25] {fish_49} btw  thanks for sharing Nemo
[13:25] {nemo} sureh
[13:25] {nemo}  that's a tired bunny stretched out under the chair
[13:25] {fish_49} that's not a bunny  it's a horse   (Long Legs
[13:25] {nemo} that's bunny sitting on her perch in the window
[13:25] {nemo} here she wants raisins
[13:26] {fish_49} I wonder what he would taste like with some carrots and a lil pinch of salt and pepper
[13:26] {nemo} this is her relaxing but pissed off
[13:26] {nemo} ok show's over
[13:26] {fish_49} will she come to you if you call her?
[13:27] {fish_49} thanks Nemo
[13:27] {nemo} yw
[13:28] {nemo} looks like iwm double topped
[13:29] {fish_49} Beige Book results have much affect on markets ?
[13:29] {nemo} no
[13:30] {nemo} once funny fish, is she will sometimes respond to your voice, but only in certain situations
[13:31] {fish_49} loud yell and she runs?
[13:31] {nemo} no, noise will startle her, but you have to invade her space to get her to run usually
[13:31] {fish_49} and she eats raisens?
[13:32] {nemo} I could get her to hop in a hot oven for raisins
[13:32] {fish_49} raisins*
[13:32] {nemo} unbelievable
[13:32] {Will49} gotta run...cya tomorrow
[13:33] {fish_49} my neighbors dog will do the same for carrots  go figure  maybe they were related in a previous life
[13:33] {fish_49} take care Will
01[13:33] {&Threei}  take care will
[13:33] {dino} mdxg vsm l .98
[13:34] {fish_49} slow afternoon  Nemo let me pick your brain
[13:34] {nemo} wow, what a setup, let's see how long it takes somebody to jump it
[13:34] {dino} out mdxg .48, +.50
[13:35] {fish_49} IWM and Spy  on a daily chart they are at a level where the 20 and 50 moving average will cross  however on a 60 minute chart they are getting support from the
[13:36] {fish_49} no serious  no pun
[13:36] {nemo} on the 60 minute chart they are getting support from what?
[13:36] {dino} mdxg sm l .66
[13:36] {fish_49} the 60 miute is showing the 50 ma  as support  but the daily shows major resistance
[13:37] {fish_49} support from the 50 period ma
[13:37] {dino} stop .45, -.31
[13:38] {nemo} what exactly is the question
[13:38] {nemo} ?
[13:39] {fish_49} your opinion  on 2 ma's converging above price  usually mean reversal?
[13:40] {nemo} can't say I use a 2 MA
[13:40] {fish_49} I know it has nothing to do with scalping and a 1 min chart  just asking...
[13:40] {nemo} I'm not sure how to answer your question
[13:40] {fish_49} thanks anyways
[13:41] {fish_49} I just recall reading in one of Alan Farleys  books about the 20 and 50 crossing right above price
[13:41] {nemo} I look at daily's to identify gaps and relationships to larger time frame moving averages like the 50 and 200 and the 8 ema, because that last one is big for swing traders
[13:41] {nemo} I also check the 65 day vwap, because that's the average price for the quarter
[13:41] {nemo} then on the daily I map gaps and standard support and resistance levels
[13:42] {nemo} for the indexes I look at the weekly and montly levels primarily and areas of confluence with other higher time frames
[13:42] {nemo} I'm mapping out areas of likely inflection and then look for reactions when it gets to that level
[13:43] {nemo} who knows what it's going to do
[13:43] {fish_49} ty
[13:43] {nemo} Some people trade on MA signals, maybe that's what you are talking about
[13:43] {dino} reload mdxg .00 sm
[13:44] {fish_49} no  I was looking at the 20 and 50 sma's on a daily chart  which is about to cross just above price  but its acting as support on a smaller time frame
[13:45] {fish_49} I have a strong feeling my observation is meaningless just wanted to educate myself on MA's
[13:45] {nemo} well, you have to be careful there, if you are looking at the 20 and 50 on the daily, and then change the time frame to 1 hour, you'd have to look at the (20x6.5) and the 50X6.5)
[13:46] {nemo} to see the same levels
[13:47] {nemo} am I clear on that fish?
[13:47] {fish_49} yes because the time period is different
[13:47] {nemo} cool
[13:48] {fish_49} ty
[13:49] {nemo} that's why, when I put up the spy and the IWM, I actually put a line in that demarcates the 50 and 200 on the daily, it will vary a coupla cents during the day, but it gives me an idea where they are-hehehe-close enough for government work
[13:49] {nemo} spy just about at channel support
[13:49] {nemo} it's at 165.80 currently
[13:50] {nemo} finnies at vwap
[13:50] {nemo} so, looks like we might get an inflection here
[13:50] {nemo} which way, not sure
[13:51] {dino} out mdxg .36, +.36
[13:51] {nemo} look how flat gdx is today
01[13:52] {&Threei} Short Setup: MCD  .10 break
01[13:52] {&Threei}  If holds  .20
[13:56] {dino} wes sm l .25
[14:02] {nemo} well, beige book should be out
01[14:02] {&Threei}  it is
01[14:02] {&Threei}  not sure it's worth posting
01[14:02] {&Threei}  usual crap
01[14:02] {&Threei}  economy grerw at moderated pace
01[14:05] {&Threei}  (US) Fed's Williams: Most data has been good, GDP was a weak point; Sept tapering will depend on the data - comments to reporters
01[14:08] {&Threei}  Fed must be careful not to overdo bond purchases, MBS purchases are more effective than the purchases of treasuries
[14:11] {fish_49} Vad  is there a name to the MCD set up or was it the scanner?
01[14:11] {&Threei}  even dove williams says time to stop that nonsense
01[14:11] {&Threei}  kind of DBI
[14:12] {fish_49} ty
[14:26] {fish_49} meh  no more big macs
01[14:26] {&Threei}  no
01[14:26] {&Threei}  not good for one's health obviously
[14:27] {fish_49} took me out at .21  watch it drop like a rock now
[14:29] {dino} kmi sm l .60
01[14:41] {&Threei}  (SY) US Senate Foreign Relations Committee begins meeting to consider resolution on Syria to allow limited air strikes
[14:42] {fish_49} do they actually vote on it in the senate  then it goes to the house? is that how it works?
01[14:44] {&Threei}  not sure
[14:47] {dino} one or the other, sometimes both come up w/bills
[14:49] {fish_49} so they vote on limited action  but never define what is limited action  lol
01[14:51] {&Threei}  you can safely argue that anything short of spending every last cent an d every last drop of human and other resources on this war is "limited," right?
[14:52] {fish_49} as long as we don't put boots on the ground  yes that is their definition after they get approval
01[14:52] {&Threei}  because only not having any dollar, any shell and any soldier left would be unlimited
[14:54] {fish_49} so their fear is that if they don't do something then the rest of the world will view us as weak and Iran and north korea will act foolishly?
01[14:54] {&Threei}  along those lines, yes
[14:54] {fish_49} they are like Nemo they already act foolishly and will continue
01[14:54] {&Threei}  they designated where red line was
[14:54] {fish_49} sorry Nemo  just filling in for Les  I know he would have put it that way
01[14:54] {&Threei}  now it's here
01[14:55] {&Threei}  don't do anything, your words are empty
01[14:55] {&Threei}  do something, you break whatever there left unbroken,
01[14:55] {&Threei}  which is admittedly not very much but as soon as you put your nose in therer it becomes yours
[14:56] {fish_49} you own it
01[14:56] {&Threei}  there is no credible opposition to support, main group fighting current regime is al qaeda filial
01[14:57] {&Threei}  so what on earth do you do?
01[14:58] {&Threei}  White House: President will meet with LGBT activists in Russia this week
[14:59] {fish_49} can I ask favor Vad?
01[15:00] {&Threei}  (carefully and hesitantly) yeaaahh... I guess....
[15:00] {fish_49} LGBT  is the lesbians gay folks?
01[15:00] {&Threei}  (carefully and hesitantly) yeaaahh... I guess....
[15:01] {fish_49} we should ban those letters from the room
01[15:01] {&Threei}  how do I call Long setup without letter L?
[15:01] {fish_49} my last year in the gov  I received at least 1000 emails with the heading  Support your local LBGT folks
[15:01] {fish_49} hahahahah
[15:02] {fish_49} I mean together  make it a Korean word Rong  not Long
[15:02] {fish_49} lol
[15:02] {fish_49} Rong Set up MCD break of .40
[15:03] {fish_49} honestly  why would he meet with those folks in Russia
[15:04] {fish_49} If i'm not mistaken,  Russia is a country that has very little tolerance for that
01[15:04] {&Threei}  well, Russia had passed a law recently that greatly oppresses them
[15:04] {fish_49} that is why nemo cant live there?
01[15:05] {&Threei}  which is seen as human rights violation
[15:05] {nemo} wow
[15:05] {dino} out wes .50, +.25
[15:05] {dino} kmr drop
[15:06] {dino} sm l .87
[15:07] {dino} stopped .65 -.22
[15:08] {Alexs} what do you mean "oppresses them Vad?
[15:08] {Alexs} they just ban gay propaganda
[15:08] {dino} kmi stopped .44 -.16
01[15:08] {&Threei}  not sure, I didn't really study the matter beyond quick glance
[15:09] {Alexs} looks like O just has a lot of free time in Russia
01[15:10] {&Threei}  well, since he canceled meeting weith Putin, he needs to pass time somehow, right?
[15:10] {Alexs} lol
[15:12] {fish_49} lol Putin and O need to kiss and make up
[15:12] {fish_49} then they can visit the LGBT folks together
[15:18] {nemo} here comes that 50 day on SPY-maybe
01[15:22] {&Threei} Long Setup:  TNA  .40 break
01[15:22] {&Threei}  If holds  .30
01[15:23] {&Threei}  Invalidated
[15:23] {fish_49} wowwwwwwwwwwwww
01[15:24] {&Threei}  (SY) Senate Panel approves the limited US military strike in Syria
[15:24] {fish_49} just a little
01[15:24] {&Threei}  that's what did it
[15:24] {nemo} it's amazing, right at the spy double top
[15:24] {nemo} the coincidence
01[15:25] {&Threei}  Senate as a whole to consider the the resolution next week
01[15:25] {&Threei}  shrug
[15:25] {nemo} news reading algos
01[15:25] {&Threei} Long Setup:  TNA  .20 break
01[15:25] {&Threei}  If holds  .10
[15:26] {dino} sale spike
01[15:27] {&Threei}  that's it, double bottom us in... go TNA
[15:28] {nemo} that's it double top
[15:29] {nemo} ahhh...Kerry saying the Arab nations will pay us to be mercernaries in Syria
[15:29] {Alexs} you guys make a decission top or bottom
[15:30] {fish_49} in or out  soft or hard  right Alex?
01[15:30] {&Threei}  I made mine... nemo is just being a pest
[15:30] {nemo} sounds like a personal question
[15:30] {Alexs} yeah lol
[15:30] {fish_49} ahhh
[15:31] {fish_49} wow  that was a fast vote
[15:31] {dino} sale sm s.35
01[15:31] {&Threei}  oh come on, 2 cents to 1:1?
[15:31] {nemo} the Old PushmePullyou
[15:31] {nemo} Dr. Doolittle trade
[15:31] {fish_49} Ariel Castro dead: Coroner confirms that Cleveland kidnapper/rapist killed himself
[15:32] {fish_49} that's what did it
[15:32] {nemo} worst case of suicide I ever did see
01[15:32] {&Threei}  watch me crying
[15:32] {nemo} too bad he died actually, would have liked to hear about him being gang raped multiple times with a wire toilet brush
[15:33] {fish_49} I agree  give him no rope  for his soap
[15:33] {nemo} give his fingers and toes the old channel lock treatment
[15:34] {Alexs} stop still .09?
01[15:34] {&Threei}  yes
[15:34] {fish_49} send him to syria
[15:34] {nemo} can use lower bollinger band as support
01[15:35] {&Threei}  it never made new support pronounced enough for trailing
01[15:35] {&Threei}  lower BB is at .10 too, lol
01[15:35] {&Threei}  just crossed it
[15:35] {nemo} gold miners spurted on that news
[15:36] {fish_49} well his party (Alex's Party) controls the house  so I'm guessing it's just a matter of time
01[15:36] {&Threei}  poor goldbugs... this is what that great trade came to, spikes on bombing news?
[15:37] {fish_49} they should donate their earnings  to charity  lol
01[15:38] {&Threei}  grrrr
[15:38] {nemo} looks like spy might want to make it's first visit to vwap today
01[15:39] {&Threei}  frikin rinse, I suspect
01[15:39] {&Threei}  no, fair stop
[15:40] {Alexs} exactly
[15:40] {Alexs} I mean : no fair share
[15:41] {nemo} now Alex probably wants the government to cover his losses
[15:41] {fish_49} lol
[15:41] {fish_49} lol
[15:41] {Alexs} taxpayers nemo
[15:41] {nemo} euphemism
[15:41] {Alexs} top 1% of them
[15:42] {nemo} great quote:  Crowded elevators smell different to midgets.
[15:42] {fish_49} Early bird gets the worm,  second mouse gets the cheese
[15:43] {nemo} o.k.  anyway, probably go after the 50 in the premarket tomorrow.  might be a selloff also before the jobs number on Friday
[15:44] {nemo} spy actually trading light today compared to yesterday
01[15:46] {&Threei}  rinse... crap!
[15:47] {dino} had a few of those today
[15:50] {Alexs} do you celebrate Rosh Hashana in BC Vad?
01[15:50] {&Threei}  in BC?
01[15:50] {&Threei}  lol
01[15:50] {&Threei}  some do, some don't I guess
01[15:50] {&Threei}  it's not like whole BC does or does not
[15:51] {Alexs} Happy New Year anyway
01[15:51] {&Threei}  thsnk you, you too
01[15:51] {&Threei}  somewhat disappointing day as last couple stops made it flat
01[15:51] {&Threei}  oh well
[15:52] {nemo} transition time
01[15:52] {&Threei}  thank you all, have a great evening
01[15:52] {&Threei}  probably
01[15:52] {&Threei}  see you tomorrow
[15:52] {fish_49} what do you expect?  u made a killing in August
[15:52] {fish_49} take care all
01[15:52] {&Threei}  I expected to make another one in Sept
[15:52] {dino} gn
[15:52] {nemo} market transitions are like this
01[15:52] {&Threei}  but heck, it's just started
01[15:52] {&Threei}  we will adjust
01[15:52] {&Threei}  we always do
[15:52] {bbobr} Shana Tova !
[15:52] {nemo} this week still kinda' summer
01[15:52] {&Threei}  bbobr :)
[15:52] {nemo} oy vay
[15:57] {dino} cov sale .25, +.10
01[15:58] {&Threei}  can you believe 1:2?
01[15:58] {&Threei}  sigh
01[15:58] {&Threei}  somg
01[15:59] {&Threei}  1:3
01[15:59] {&Threei}  give me a gun
[16:01] {bbobr} was almost a great call

Sept 03 2013

Uneven day as market tried to guess the next twist and turn in Syria decision. A few trades worked well, one of them for 1:4, and  a few stops counterbalanced them to about flat outcome overall.


Session Time: Tue Sep 03 00:00:00 2013
[08:55] {dino} gm
01[08:57] {&Threei}  morning dino
[09:08] {nemo} next year remind me that labor day parties are not the best idea
01[09:08] {&Threei}  no?
01[09:08] {&Threei}  hmmm... works for me
[09:09] {nemo} kinda' anethema to my nature
[09:09] {nemo} me and social environments and all
[09:09] {nemo} had to drink to tolerate it
[09:09] {nemo} coupla beers
[09:09] {nemo} coupla margaritas
[09:09] {nemo} coupla shots of this
[09:09] {nemo} coupla shots of that
[09:09] {nemo} coupla more this
[09:09] {nemo} coupla more that
[09:10] {nemo} oy
[09:10] {_diego} hello! i wanted to know if this is the chat room where Threei indicate your operations? I'm newby in this service
[09:10] {nemo} then the frickin' rabbit decides it's gonna climb up into the box spring and file it's teeth on the bed springs
[09:11] {nemo} that echo is surprisingly painful in a state of post-inebriation
01[09:11] {&Threei}  hi diego
01[09:11] {&Threei}  yes it is
[09:11] {nemo} if you mean calls trades, yeah
[09:11] {nemo} then I'm here to insult you
[09:11] {_diego} thanks Threei
[09:11] {nemo} speaking of, where's Les?
[09:15] {Will49} gm
01[09:15] {&Threei}  will :)
[09:15] {nemo} oh, Will will do
[09:15] {Will49} hey nemo
01[09:15] {&Threei}  enouhg of that vacation nonsense, will? :)
[09:16] {Will49} absolutley
[09:16] {nemo} spending all that time with your wife must be excruciating
[09:16] {Will49} my lips are sealed :)
[09:16] {_diego} this is my first day in the room, I followed on the website and I think are a very good team. I hope we have a good day of trading
[09:16] {nemo} "hope" is a dirty word
[09:17] {Will49} is your first name San?
[09:17] {nemo} no, his  last name is Garcia
[09:17] {Will49} ha
[09:17] {nemo} got that, impressive
[09:17] {Will49} is Les back on today
[09:18] {Will49} ?
[09:18] {nemo} I'm waiting to pounce
[09:18] {Will49} I'll bet
[09:18] {nemo} we started feeding on ourselves in his abscence
[09:18] {nemo} absence
[09:18] {nemo} kinda mixed metaphors in one word
[09:19] {Will49} :)
[09:22] {robbers} Welcome back, Will.
[09:22] {Will49} tks rob
01[09:22] {&Threei}  morning robbers
[09:22] {Will49} missed the commaradery
[09:23] {robbers} Hi Vad, GM.
[09:23] {cipher} gm
[09:23] {RonS} hello everyone
01[09:24] {&Threei}  cipher, ron :)
[09:24] {Alexs} gm
01[09:24] {&Threei}  alex :)
[09:27] {bbobr} gm
01[09:27] {&Threei}  bbobr :)
01[09:28] {&Threei}  whole mid-east confusion causes abnormal volatility
[09:28] {ese} gm
01[09:28] {&Threei}  let's be doubly careful at the open
01[09:28] {&Threei}  ese :)
01[09:31] {&Threei} Short Setup: GDX  .70 break
01[09:31] {&Threei}  If holds  .76
[09:32] {+cc_9} gm
01[09:32] {&Threei}  cc9 :)
01[09:36] {&Threei}  meh
[09:37] {nemo} big gap up
[09:37] {+cc_9} MSFT / VZ looking good.
[09:37] {+cc_9} both on M&A
[09:37] {nemo} europe down though so we'll see if this keeps up
01[09:40] {&Threei} Short Setup: FCX  ,10 break
01[09:40] {&Threei}  If holds  .15
[09:46] {nemo} so far playing out like a big gap day
01[09:46] {&Threei}  cover half
01[09:46] {&Threei}  stop to .11
01[09:46] {&Threei}  a lot of hesitation here
[09:46] {nemo} US playing catchup from yesterday, and hesitation from today
[09:47] {nemo} Europe super green yesterday, mildly negative today
[09:48] {nemo} iwm touched 50 day
[09:51] {+cc_9} HLF open + dump
01[09:53] {&Threei}  quite narrow range for SPY
01[09:56] {&Threei} Short Setup: C  .60 break
[09:56] {nemo} numbers in 4
01[09:56] {&Threei}  If holds  .66
[09:57] {+cc_9} HLF $2.00 dump from HOD
[09:57] {+cc_9} Friday LOD test range 59.10
01[09:57] {&Threei}  (SY) US President Obama reiterates that a limited strike is necessary in Syria with no troops on the ground
01[09:58] {&Threei}  novel peace prize winner, wanting to bomb another country to "punish" it
01[09:58] {&Threei}  must be a first in history
01[09:59] {&Threei}  - US has a broader strategy that will allow increased aid to the opposition forces, will ask for a prompt vote from Congress regarding the Syria mission
01[09:59] {&Threei}  that's right, let's put Al Qaeda in charge
01[09:59] {&Threei}  *(US) AUG ISM MANUFACTURING: 55.7 V 54.0E; ISM PRICES PAID: 54.0 V 51.6E
01[10:00] {&Threei}  *(US) JULY CONSTRUCTION SPENDING M/M: 0.6% V 0.4%E
[10:00] {dino} what point is a limited strike? just shows we are not serious. why bother
01[10:00] {&Threei}  ego?
01[10:00] {&Threei}  foot in mouth disease?
[10:00] {+cc_9} HLF testing Friday's LOD range
[10:00] {nemo} target practice
[10:01] {nemo} 57.50 might be destination there 9er
[10:01] {dino} s3 57.34
01[10:01] {&Threei}  (EU) ESM's Regling: Cannot yet say whether or not Greece will require a 3rd bailout, Greece has made a lot of progress but perhaps not enough
[10:01] {nemo} gap fill 58.45
01[10:02] {&Threei}  murky trading so far
[10:02] {nemo} vodka time?
[10:03] {+cc_9} HLF 15min vol accelerating
[10:03] {dino} hlf sm l .00
[10:06] {+cc_9} HLF needs a 59.20 bid for reversal.
01[10:08] {&Threei} Long Setup:  FCX  .15 break
01[10:08] {&Threei}  If holds  .08
[10:09] {+cc_9} HLF 59.20 offer printing
01[10:12] {&Threei}  regret of the day: was looking at CAT short at .20
[10:15] {+cc_9} HLF you can see it hit 59.20 twice then get rejected. That's the reversal pps imo.
[10:17] {+cc_9} HLF back to LOD, volume picking up
[10:17] {dino} stop hlf -.35
[10:17] {nemo} hlf gap fill coming
01[10:17] {&Threei}  FCX stop .09
01[10:19] {&Threei} Long Setup:  CAT  .50 breal
01[10:19] {&Threei}  If holds  .40
[10:19] {Alexs} hl?
01[10:19] {&Threei}  yeah
[10:19] {+cc_9} HLF whoa
[10:20] {nemo} 57.52 is 50 day on hlf
01[10:20] {&Threei}  valid still
01[10:21] {&Threei}  change trigger to .45 break
01[10:22] {&Threei}  nah
[10:22] {Alexs} stop .39?
01[10:22] {&Threei}  not delighted
[10:23] {+cc_9} HLF brutal downside
[10:23] {nemo} next level is 55.50
[10:25] {dino} hlf sm l .51
[10:25] {+cc_9} HLF big buy block
[10:28] {+cc_9} HLF some bids
[10:31] {+cc_9} 58s on deck again
[10:33] {dino} hlf stop to .11
[10:33] {dino} to .31
[10:33] {+cc_9} there she goes
[10:33] {dino} to .51
01[10:34] {&Threei} Short Setup: GDX  .40 brea5
[10:34] {dino} to .61
01[10:34] {&Threei}  Invalidated
[10:35] {+cc_9} BOOM HLF
[10:35] {dino} to .01
[10:35] {dino} out 59.01, +1.50
[10:35] {+cc_9} nice dino
[10:35] {dino} ty
[10:35] {RonS} gj
[10:36] {dino} ty
[10:36] {dino} beasty boys trade...."it's tricky"
01[10:41] {&Threei} Short Setup: GDX  ..60 break
01[10:41] {&Threei}  If holds  .65
01[10:45] {&Threei}  half out
01[10:46] {&Threei}  stop to .61
[10:49] {dino} 20 year crush-loa
[10:49] {robbers} Out in full, thanks.
01[10:50] {&Threei}  yw
01[10:50] {&Threei}  1/4 more out
01[10:50] {&Threei}  .40 break should really kill it
01[10:50] {&Threei}  aiming for 1:4
[11:00] {ese} am outta here first day of school....catch ya tomorrow
[11:00] {Will49} peace ese
01[11:00] {&Threei}  take care ese
[11:00] {fish_49} tc ese
[11:06] {RonS} mnst mash
01[11:14] {&Threei}  die GDX
01[11:14] {&Threei}  stop to .46 now
01[11:17] {&Threei}  1:3
01[11:17] {&Threei}  stop to .41
[11:19] {+cc_9} HLF another sell-off round
[11:19] {RonS} enr dead bunny
01[11:20] {&Threei}  done with GDX
01[11:20] {&Threei}  finally decent one
[11:20] {Will49} good one Vad
01[11:20] {&Threei}  spike probably caused by this:
01[11:21] {&Threei}  (US) House Speaker Boehner (R-OH) Will support President Obama's call for action in Syria, use of chemical weapons in Syria must be responded to and only the US appears ready to take action
[11:21] {dino} pretty good drop
01[11:23] {&Threei}  A magnitude 4.2 earthquake shook northern Vancouver Island at 5:49 a.m. Monday.
[11:24] {RonS} scared the elk?
01[11:24] {&Threei}  at most
[11:24] {Will49} thought that was my alarm clock
01[11:25] {&Threei}  and ese thought he was that good
[11:25] {Will49} LOL
[11:25] {Alexs} lol
[11:25] {Will49} first day of school...he had to be quick
01[11:26] {&Threei}  lol
01[11:29] {&Threei}  House Minority Pelosi: Attacks in Syria cannot be ignored
01[11:29] {&Threei}  {--- puking
[11:31] {fish_49} why not?
[11:31] {fish_49} the rest of the world is ignoring it  why cant we?
01[11:31] {&Threei}  because it's her president this time that wants to drop bombs
[11:32] {fish_49} he don't want to drop a bomb  he just wants to save face  lol
01[11:32] {&Threei}  when it was Bush, he was a military criminal per her
[11:32] {fish_49} correct
[11:33] {fish_49} China and Russia told him to lay down and lick his balls and he got offended that's why he wants  to bomb
[11:33] {fish_49} not a good reason
01[11:35] {&Threei} Long Setup:  CAT  82 break
01[11:35] {&Threei}  If holds  .90
[11:36] {Alexs} hl?
01[11:36] {&Threei}  3/4
01[11:38] {&Threei}  target 1:4
01[11:39] {&Threei}  stop to .95
[11:40] {Alexs} no stops for optimists
01[11:40] {&Threei}  not much chance of survival either {G}
[11:41] {Alexs} taxpayers will help
01[11:42] {&Threei}  thus spake John Galt
[11:42] {Will49} who is John Galt?
[11:43] {Alexs} lol
01[11:43] {&Threei}  :)
[11:43] {RonS} lol
[11:43] {RonS} who is spake?
01[11:43] {&Threei}  A+ will
[11:43] {Will49} tks
01[11:44] {&Threei}  that's all CAT?
01[11:44] {&Threei}  shrug
[11:45] {RonS} thus spake CAT...or is it spanked?
01[11:46] {&Threei}  l gld .80 break
01[11:46] {&Threei} Long Setup:  GLD  .80 break
01[11:46] {&Threei}  If holds  .73
01[11:47] {&Threei}  1:1
01[11:54] {&Threei} Short Setup: CAT  .90 break
01[11:54] {&Threei}  If holds  82
01[12:03] {&Threei}  nah
[12:05] {RonS} Ted Nugent
[12:05] {nemo} oh, here we go
[12:06] {Alexs} frikin conservative
[12:07] {nemo} yeah think he's missing a couple off the old 12-string
[12:14] {fish_49} I think he is suffering from Cat Scratch Fever
[12:14] {nemo} God bless him then at his age
01[12:26] {&Threei} Short Setup: BBBY  .15 break hl
01[12:27] {&Threei}  If holds  .25
01[12:34] {&Threei}  1:1
01[12:36] {&Threei}  1:2
[12:47] {+cc_9} HLF, don't look now dino.
[12:48] {+cc_9} Stock rallies on news that the CEO of Post Holdings, William Stiritz, has disclosed a 5% passive stake
[12:49] {nemo} wow, gaps closing...this not good
01[12:51] {&Threei}  1:3, out
01[12:52] {&Threei}  not that there are nop good plays... just quite inconsustent today
[12:53] {Alexs} still haven't gotten my fair share today
01[12:54] {&Threei}  which as we all know you deserve
[12:54] {nemo} bohica
[12:55] {nemo} 164 spy might beit
[12:55] {Will49} can I stand up straight now?
01[12:55] {&Threei}  lol
[12:56] {nemo} after spending that much time with your wife it might take awhile
[12:56] {nemo} fas long here could work
[12:56] {nemo} break of .50
[12:56] {Will49} looking on the bright side, this is a good day to be climbing back in the saddle...a little bit of everything
[12:56] {nemo} would need spy to hold 164 too
[12:57] {Will49} yea nemo... true dat
[12:57] {nemo} sheesh, still getting tequila burps
[12:58] {nemo} on another note,no pun intended:  http://www.youtube.com/watch?v=DSocO8zF1ho&feature=youtu.be&a
[13:00] {nemo} kid is the balls
[13:00] {Will49} amazing kid!
[13:00] {nemo} gotta' love it, God bless 'im
01[13:02] {&Threei}  BBBY had more in it
[13:32] {nemo} GMCR
[13:33] {nemo} got 84 written all over it
[13:35] {fish_49} 84.11
[13:35] {fish_49} lol
[13:35] {nemo} gonna' fillet ur ass
[13:36] {nemo} er...ur fins
[13:37] {nemo} you must have heard about this: http://read.bi/1agQvnX
[13:44] {fish_49} next  pause .45 Nemo
[13:47] {nemo} did you mean .60?
[13:47] {fish_49} just hit .45
[13:47] {nemo} the pause
[13:48] {fish_49} next level  .11
[13:48] {nemo} surely you jest
[13:48] {fish_49} I'm watching it on a 5 min  chart
01[13:53] {&Threei} Short Setup: GLD  .50 break
01[13:53] {&Threei}  change to .60 break
01[13:53] {&Threei}  If holds  .65
01[13:54] {&Threei}  change to .65 break
01[13:54] {&Threei}  searching for the top, must be close
01[13:54] {&Threei}  change to .75 break
01[13:54] {&Threei}  If holds  .80
01[13:56] {&Threei}  1:1
[13:57] {robbers} Out at .62, thanks Vad.
01[13:57] {&Threei}  :)
01[13:58] {&Threei}  clean parabolic spike top
[13:58] {Will49} knew a girl that had one of those
01[13:58] {&Threei}  lol
01[13:59] {&Threei}  Will... we missed you
[13:59] {Will49} :)
[13:59] {Alexs} nice
01[13:59] {&Threei}  but... one??
[13:59] {Will49} not telling
[13:59] {Will49} you know my wife
01[14:00] {&Threei}  ok... writing it off as unsuccessful attempt to gather blackmail material
[14:00] {Will49} yes
[14:04] {dino} enr sm l .15
01[14:16] {&Threei}  1:2
01[14:17] {&Threei}  I'll call it successful top hunt
[14:17] {dino} safm sm l .51
01[14:17] {&Threei}  to balance unsuccessful blackout material collection
01[14:19] {&Threei}  umm... blackmail*
[14:19] {Will49} my lips are sealed
[14:28] {dino} safm stop -.30
01[14:29] {&Threei}  out in full
01[14:29] {&Threei}  1:4
01[14:29] {&Threei}  me happy
01[14:29] {&Threei}  (ier)
[14:29] {Will49} nice one Vad
01[14:29] {&Threei}  :)
[14:31] {nemo} LVS strong all day
[14:35] {dino} nbix spike
[14:36] {dino} sm s .50
[14:47] {dino} cov nbix .61 -.10
[15:00] {dino} czr drop
[15:01] {dino} sm l .30
[15:02] {dino} stop .10
[15:04] {dino} damn
[15:05] {dino} enr to .55
[15:07] {fish_49} Ok Nemo  I was wrong on the .11 but hit the .45 head on.  Look at it now
[15:07] {nemo} .40
[15:07] {dino} to .65
[15:09] {fish_49} I'm talking about GMCR  the last long bar down on the 3 minute Closed right at .45
[15:09] {dino} out enr .70, +.55
01[15:09] {&Threei}  Secretary of State Kerry on Syria: 'We now have more evidence than needed to convict someone beyond a reasonable doubt'
[15:09] {nemo} I have .40
[15:10] {dino} i still say its odd that they can kill 100k + w/guns/bombs, but get 1k w/chemicals and here we come
[15:10] {nemo} yeah, remember Bopal
[15:10] {nemo} did we bomb Dupont
[15:10] {dino} indeed, heck we would have been bombed to nothing
[15:11] {Alexs} that's not a clean kill
[15:11] {fish_49} I am with you on that Dino..  Have they looked at the death rate this year in Chicago?  why are we not sending a missile to Chicago hoods
[15:11] {dino} i suppose if chems were used in the ghettos of chicago, obummer would do something
[15:11] {dino} as it is only guns, no matter
[15:12] {fish_49} I still say he wont do a thing  it's all blah blah  trying to save face...
[15:13] {fish_49} his plan backfired
[15:13] {fish_49} he cant come out and say he wanted to but the Republicans would not let him
[15:13] {dino} yeah, they called his bluff
[15:14] {fish_49} Cry Baby Boehner played him well and says  he supports it..  Knowing that Obama don't have the courage
[15:15] {Will49} well, Obama certainly changed the discussion from a crappy econmy in a hurry, no?
[15:16] {dino} indeed
[15:16] {Will49} bread and circus alternative
[15:17] {Will49} fish is right, Obummer has painted himself in a corner
[15:20] {dino} hope he finally gets that kissing dictators asses does no good
[15:21] {nemo} well, I think the CIA started the Civil War there
[15:21] {nemo} Frankly, I'm still wondering why they wanted Saddam out...he was the perfect counterweight to Iran
[15:21] {nemo} kept his people in line, no problems with Al Quaeda
01[15:22] {&Threei} Long Setup:  GLD  .50 break
01[15:22] {&Threei}  If holds  .45
01[15:23] {&Threei}  heh... both Kerry and Hagel: the word of US must mean something
01[15:23] {&Threei}  how about don't give prmises you don't intend to keep?
[15:23] {dino} funny how they are now hawks
01[15:23] {&Threei}  uhhu
01[15:23] {&Threei}  it's red line, unless UK says no
01[15:24] {&Threei}  and we will ask Congress
[15:24] {dino} so much for element of surprise. they've already moved the equipment, etc
[15:25] {Will49} and their entire air force to Iran
01[15:25] {&Threei}  reminds me my favorite mafiosi... "only amateur takes the gun out to threaten. Profession takes it out only when he intend to shoot"
01[15:26] {&Threei}  professional
[15:26] {nemo} hey will check this out:  http://www.youtube.com/watch?v=3_J0AMPPD34
[15:27] {Will49} jeeez, they must have sedated the darling
[15:27] {nemo} nah, it's awake
[15:27] {Will49} looks like bunny is having a sexual experience
[15:28] {nemo} you're worrying me Will
[15:29] {Will49} just like the way she's stroking him
[15:31] {Will49} thought bunnies cleaned themselves like cats
[15:31] {nemo} yeah, well, you know humans
[15:32] {Will49} specially you batchelors :)
[15:33] {dino} taking off early. gn all thx for ideas
[15:33] {Will49} cheers dino
01[15:33] {&Threei}  take care dino
01[15:38] {&Threei}  meh
01[15:39] {&Threei}  last one for today:
01[15:39] {&Threei} Long Setup:  CAT  .50 break hl
01[15:39] {&Threei}  If holds  .40
[15:43] {fish_49} good Night all
[15:43] {fish_49} Gonna sit out the last trade
[15:43] {fish_49} thanks Vad
[15:43] {Will49} fish or cut bait
[15:43] {Will49} :)
01[15:43] {&Threei}  :)
[15:47] {Will49} see ya tomorrow guys
01[15:47] {&Threei}  ok folks, thank you all
01[15:47] {&Threei}  have a great evening, see you tomorrow
[15:47] {Alexs} gn

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Summer market sees mixed data, awaits Syria strike

Thin, low volume summer markets got pushed around as investors rushed to reduce risk early on this week, and everyone awaited a US decision on whether to conduct a military strike against Syria. By midweek stock markets were down modestly, leaving the S&P about 5% off of its all-time highs. Oil prices spiked higher, weighing on sentiment; by Wednesday Oct WTI crude shot above $112 reaching levels not seen in more than 2 years. Gold prices also caught a bid sending prices above $1,430 for the first time since May as flight to safety bids returned. US Treasury markets rallied sending the 10-year yield back down towards 2.70% before rebounding. By Friday EUR/USD was trading just below its 1.32-1.34 August trading range as Syrian war fears strengthened the dollar over the week. For the week, the S&P500 and Nasdaq each fell 1.9%, while the DJIA dropped for the fourth straight week, losing 1.4%, for its longest losing streak since last November.

Early last week, reports began to emerge from Damascus that the Syrian regime had used chemical weapons against rebel-held neighborhoods in the capital and killed hundreds of its own citizens. As evidence mounted, it became clear that Assad has crossed the 'red line' defined by President Obama for the western powers to take action against the Syrian government. Even as China and Russia blocked serious discussion of the issue at the UN, the US and its allies said there would be 'serious repercussions' in response to the attack in the form of military action. The march towards military intervention hit a snag after a non-binding motion on Syria military action failed in the UK House of Commons, deflating the political will of America' s staunchest ally. Friday afternoon, US Secretary of State Kerry forcefully stated that "we know" the Assad regime used chemical weapons on civilians, and that the UN report will not add any new information, making it fairly clear that the US will go ahead with a limited unilateral military strike within days. The window for action seems to be set for some time after UN inspectors leave Syria on Saturday and before the President travels to the G20 in Russia early next week (where he may receive a chilly reception).

- US data was mixed again this week. Orders for durable goods dropped 7.3% in July, nearly twice the expected amount, and the first decline since March and the biggest falloff since August 2012. The key capital goods orders component fell 3.3%, versus expectations for a slight gain. The data is a blow for third quarter GDP and multiple analysts reduced their estimates for Q3 GDP after the data. The August consumer confidence index gained over the July result and topped expectations, however the present situation component fell from 73.7 to 70.7, its biggest drop since January. The June S&P/Case Shiller home price index was up very incrementally from May levels.

- A second look at US Q2 GDP revealed the economy grew at a stronger clip than first thought and above consensus estimates. The positive news was somewhat offset by the fact that the biggest surprise was in the inventory component, which was revised up a little rather than down as forecast, which could potentially weigh on Q3 growth prospects. Exports and spending on business structures showed substantial growth which some suggested continue to paint an overall positive economic picture that is consistent with the Fed beginning to pull back its asset purchases next month.

- Emerging markets currencies continued to struggle against capital outflows in anticipation of Fed tapering and on politically driven safe-haven flows. The Indian Rupee (INR) hits new fresh record lows against USD through the early part of the week. The USD/INR pair moved toward the 69 handle with the Rupee weakening on speculation that higher oil prices might increase the country's oil import bill. Other dealers noted the recent food security bill legislation that is intended to "wipe out" endemic hunger and malnutrition in the country at a budgeted annual cost of around $18B as another reason for the weakness. For the month of August, the rupee slumped 8.1%, its worst performance since 1992. The Turkish Lira currency (TRY) also hit new fresh record lows against USD, moving above the 2.0700 level at one point. Later in the week, emerging market countries took various domestic measures to stabilize their currencies. The India Central Bank RBI introduced a Forex swap window to meet USD requirements of three state oil-marketing companies that was seen reducing daily demand from the spot market by as much as $600M. Both Brazil and Indonesia raised interest rates. On Friday, Brazil Finance Minister Mantega said the BRIC's continue to make plans for establishing a joint bank and a joint reserve fund, and India Finance Ministry economic advisor Dasgupta went so far as to suggest that the India would welcome a joint currency intervention among the BRICs to stem currency depreciation.

- After two months of negotiations, Amgen has secured a deal to acquire oncology research shop Onyx for $125/share in cash, in a deal valued at $10.4B. This is up from the firm's initial offer of $120/share. The deal is being seen a key move for Amgen to restock its product pipeline in response to declining sales of its flagship anemia drugs. In separate M&A news, Verizon and Vodafone shares both rallied on Thursday after reports that the two had resumed talks for Verizon to reacquire Vodafone's 45% interest in Verizon Wireless. The deal is said to be north of $100B and could include a stipulation that Vodafone repurchase 23% stake in Vodafone Italia. On Friday, press reports indicated that GE Capital may be close to spinning off its retail lending unit which reported $15.5B in revenues in 2012.

- The last of the Q2 retailers' earnings reports trickled this week. Overall results were mixed with Big Lots ($0.31 v $0.25e) and Guess ($0.52 v $0.36e) trading higher after earnings and Tiffany and Williams-Sonoma trading lower after failing to meet outsized expectations. After being chastised by the JC Penney board earlier this month, Pershing Square's Ackman abruptly gave up on his designs to reboot ailing retailer, dumping his entire 17.7% stake at $12.60/share. In other earnings Joy Global shares traded sharply lower despite a top line beat ($1.70 v $1.36e) after the firm forecast its order rate would deteriorate. Salesforce.com continued to prove short-sellers wrong taking another leg up after beating estimates and raising guidance. Shares of JPMorgan Chase were lower on the week after the financial press reported that the US government may be seeking as much as $6B in damages from the firm related to allegations it misrepresented securities sold to Fannie and Freddie.

- Markets were looking for dovish commentary from BOE governor Carney in his first public speech since taking the helm at the central bank in early July. He reiterated that hitting the 7% unemployment target would not automatically trigger higher rates and that he was prepared to ease further if needed. However, he commented that he would not hesitate to increase rates either. The GBP/USD initially tested session lows of 1.5429 but move 100 pips off its worst levels after his remarks.





TradeTheNews

Aug 30 2013

What we expected to be an empty day, what with long weekend coming and military action possible, turned out to be another strong session with solid profit. Ending very nice month with 5-days winning week. Probably the best August in many years.

Session Time: Fri Aug 30 00:00:00 2013

[09:18] {dino} gm

01[09:18] {&Threei}  dino :)

[09:18] {nemo} chopped liver

01[09:18] {&Threei}  what's with this whine every morning?

[09:19] {nemo} does it bother you?

[09:19] {dino} no

[09:19] {nemo} conundrum, huh?

[09:19] {nemo} I've got Vad between a rock and a hard place here

01[09:20] {&Threei}  well, I am curious what causes it

[09:20] {nemo} works, don't it?

01[09:26] {&Threei}  ese forgot his password

[09:27] {nemo} keep it that way, long weekend ahead, let's not ruin it

[09:27] {fish_49} gm all

01[09:27] {&Threei}  fish :)

[09:27] {dino} lot of kicked outs today

[09:28] {fish_49} Vad Randomly kicking people?

[09:29] {robbers} Only those using chemical weapons.

01[09:29] {&Threei}  my favorite passtime

[09:29] {cipher} gm

01[09:30] {&Threei}  cipher :)

[09:30] {Alexs} gm

[09:32] {dino} vod hl l .98

[09:32] {bbobr} gm

01[09:32] {&Threei}  alex :)

01[09:32] {&Threei}  bbobr :)

01[09:33] {&Threei} Short Setup: GDX  .10 break

01[09:33] {&Threei}  If holds  .15 

01[09:36] {&Threei}  ese found the key

[09:36] {ese} damn finally.......

01[09:36] {&Threei}  lol

[09:36] {ese} mornin ladies

[09:36] {RonS} lol...gm

01[09:36] {&Threei}  welcome back

[09:37] {ese} tks...very succesful trip...band was really well received

[09:37] {+cc_9} GDX looking for a bounce reversal if can crack 28.4

01[09:37] {&Threei}  cool, congratulations

01[09:38] {&Threei} Short Setup: GDX  .30 break

01[09:39] {&Threei}  If holds  .35 

[09:41] {fish_49} out half

01[09:41] {&Threei}  1:1

[09:41] {+cc_9} OVTI @ HOD range

[09:43] {ese} hci

[09:43] {robbers} Out in full, thanks.

01[09:44] {&Threei}  yw

[09:45] {+cc_9} OVTI new session highs

01[09:45] {&Threei}  1:2

[09:45] {fish_49} out 1/4

[09:47] {dino} apa sm s .50

01[09:47] {&Threei}  1:3, out

[09:47] {fish_49} out

[09:47] {fish_49} thanks vad

01[09:47] {&Threei}  yw

[09:53] {dino} apa stop .85 -.35

01[09:54] {&Threei} Short Setup: GLD  .70 break

01[09:54] {&Threei}  If holds  .75 

01[09:55] {&Threei}  *(US) AUG FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 82.1 V 80.5E

[09:55] {nemo} http://www.youtube.com/watch?v=3_J0AMPPD34

01[09:55] {&Threei}  1:1

[09:56] {fish_49} out in full  ty vad

[09:57] {nemo} Alan Farley sent that to me

01[09:57] {&Threei}  yw

[09:57] {+cc_9} STX / WDC from yesterday both reversing

[09:58] {fish_49} Alan Farley the swing trader guru?

[09:58] {nemo} frickin' crm

[09:58] {nemo} yeah

[10:02] {+cc_9} and dumping on that

01[10:02] {&Threei}  he may not realize he stimulates the most disturbing sides of your personality

01[10:02] {&Threei}  I'll talk to him about therapy you need

[10:02] {fish_49} do you know if he is married?

01[10:03] {&Threei}  who?

01[10:03] {&Threei}  alan?

[10:03] {fish_49} Alan

[10:03] {nemo} what, you consider sadistic homicidal tendencies, with a lust for mayhem a negative?

01[10:03] {&Threei}  yes

[10:03] {fish_49} wife name is Joanne?

01[10:03] {&Threei}  no

[10:03] {fish_49} k

01[10:03] {&Threei}  donna

01[10:04] {&Threei} Short Setup: C  .25 break

01[10:04] {&Threei}  If holds  .32 

[10:06] {dino} kkd sm l .50

[10:07] {dino} htwr sm l ave .51

[10:08] {+cc_9} AMC movies gets bot by Chinese, now filing for IPO

[10:09] {nemo} arguably fas long here stop under .15

[10:10] {ese} L gg .63

[10:12] {ese} out gg .75 +.12

01[10:12] {&Threei}  1:1

[10:13] {ese} only 1/2 lot...gotta get my brain back into this

[10:14] {fish_49} maybe FAS bounce here?

[10:14] {RonS} psst...are we going to tell ese market closed Monday?

01[10:14] {&Threei}  nope

01[10:14] {&Threei}  he needs practice

[10:14] {RonS} thought so...

[10:14] {dino} gj ese

[10:14] {fish_49} lol

[10:14] {fish_49} that's bad

01[10:15] {&Threei}  let him trade on Monday while market is closed - it will be equivalent to famous "we will fill the p;ool with water when you learn to swim"

[10:15] {RonS} lol

[10:16] {ese} tks...eyeing KKD dino....bit of a slam with relatively positive news

01[10:16] {&Threei}  FAS is a bit tough to cvontrol risk here

01[10:16] {&Threei}  let's view today in light of risk control mostly

[10:16] {+cc_9} lol @ Obama "Assad gassing people in Syria is a threat to our national security"

01[10:17] {&Threei}  friday before the long weekend, and risk of military developments on top

01[10:18] {&Threei}  so, someone needs to explain to me how Obama is all anti-military, for peace, anti-Bush etc

[10:18] {ese} ha ha ...ha ha..........just saw them slam posts.......Well,,,,,,i'll have you know!!!!!!!! I represent those remarks

[10:18] {nemo} Syria Alewites

[10:18] {Alexs} trail stop still .26?

[10:18] {nemo} yes, quite well ese

01[10:18] {&Threei}  he has even lesser case for Syria invasion than Bush ever had for Iraq

[10:19] {ese} all a ya.......can't stand the lot of ya

01[10:19] {&Threei}  yes Alex

[10:19] {fish_49} I MOVED MY STOP TO ,25

[10:19] {fish_49} OOOPS

01[10:19] {&Threei}  let's trail to .21 when it loses .10

[10:19] {nemo} stop yelling

01[10:19] {&Threei}  nemo falls off his chair when you type in capitals

[10:19] {fish_49} yes sir Nemo

[10:19] {nemo} I don't use a chair

[10:19] {nemo} I levitate

[10:20] {ese} dino?   give me an opinion on KKD.....seeing as though I can't trust the rest of these bastards

[10:20] {nemo} frickin' mortals

01[10:20] {&Threei}  nemo falls off his levitation when you type in capitals

[10:20] {nemo} it's at the 50 day dino likely bounce here

[10:20] {fish_49} chair, levitation, Wagon  all works

01[10:20] {&Threei}  better yet:

01[10:20] {&Threei}  nemo falls off his 50 MA when you type in capitals

[10:21] {fish_49} lol

[10:21] {fish_49} short it

01[10:21] {&Threei}  let's trail to .21 now

[10:21] {dino} ese, kkd, stop is .28

[10:22] {nemo} 19.68 is breakout level so next support

[10:22] {ese} are you in?

[10:22] {dino} was looking for vwap .75 area, but...

[10:22] {dino} yes

[10:22] {dino} stopped

[10:22] {dino} no more

[10:22] {ese} i'll be.....you sneaky little .......

[10:23] {dino} not thrilled w/tape today

[10:23] {ese} am liking these volume bars

[10:25] {ese} kkd L 1/2 .25

[10:25] {dino} ovti new lod

[10:26] {fish_49} stop moved to .16  holding the remaining 1/4  for the day

[10:27] {dino} fish, what are you in?

[10:27] {fish_49} c

[10:27] {dino} ok

01[10:27] {&Threei}  1:2

[10:28] {ese} kkd stopped .12 =.13

[10:28] {ese} -.13

[10:29] {ese} sucre blu!!!!

[10:29] {nemo} talking about your sex life again ese?

[10:29] {nemo} musicians when they come back from touring, sheesh

[10:32] {+cc_9} just tank this market already so we can all say "sellers into long weekend"

[10:33] {+cc_9} thanks for listening to me SPY

[10:34] {ese} lol

[10:38] {ese} ok......lets just randomly short something for the fun of it....eh....wha da ya say uh?

[10:39] {+cc_9} the trick is to get long, sigh "ok market, u can tank now"

[10:40] {+cc_9} IWM printing fresh lows

[10:40] {fish_49} C stop moved to .14

01[10:41] {&Threei}  1:3, I am out

01[10:41] {&Threei}  can I go home?

[10:43] {fish_49} stop moved to .98

[10:44] {+cc_9} SPY slowly flushing, what a grind

01[10:45] {&Threei}  1:4

[10:46] {fish_49} still hanging on

[10:46] {dino} out vod flat

[10:49] {dino} sina sm l .76

[10:52] {+cc_9} IWM fresh lows 

[10:56] {ese} L kkd .05

[10:56] {+cc_9} scaling long SPY, sl @ LOD

[10:57] {+cc_9} 4 days so far, SPY same range

[10:57] {fish_49} Out in full C 

[10:57] {fish_49} thanks Vad

[10:57] {+cc_9} 163.20 - 165

01[11:00] {&Threei}  yw

[11:01] {+cc_9} what a tape on the SPY

[11:02] {+cc_9} looking for 163.85 bid for a sl raise

01[11:07] {&Threei}  : markets quiet ahead of US holiday, awaiting US statement on Syria

01[11:07] {&Threei}  lordy... leave that Syria alone, let them sort their affairs out

[11:08] {fish_49} agree

[11:09] {+cc_9} Alex, I see you got a demo for the platform yesterday, let me know if you need help with any setups/layouts or vid tutorials to go over this weekend.

[11:10] {Alexs} no it's not me

[11:11] {+cc_9} Who is the other Alex

[11:11] {RonS} real name Les?

[11:11] {+cc_9} lol

[11:11] {Alexs} lol

[11:12] {fish_49} his other brother Alex

[11:12] {Alexs} I don't know

[11:12] {ese} yawn........................zzzzzzzzzzzzzzzzzzzzzzzzzzz

01[11:12] {&Threei}  will the real McCoy please stand up

[11:13] {+cc_9} So far so good on that SPY entry

[11:13] {+cc_9} stop @ cost, letting her ride

[11:14] {Alexs} If that Alex already deposited 1K I gladly take it back though

01[11:14] {&Threei}  lol

[11:15] {+cc_9} lol, just a demo for now

[11:16] {+cc_9} Paper accounts are live data, same quote/order streams as live account.

01[11:25] {&Threei} Short Setup: GDX  .40 break

01[11:25] {&Threei}  If holds  .45 

[11:25] {+cc_9} IWM major lag vs SPY

01[11:29] {&Threei}  meh

[11:29] {fish_49} yea

[11:31] {+cc_9} I can relate to the meh

[11:31] {+cc_9} thats the tape today, meh

01[11:31] {&Threei}  hmmm... nah, we had more yays today than mehs

[11:32] {fish_49} P/L  still looks good for the day

[11:32] {+cc_9} Of course. I'm talking about the overall market movement today.

01[11:32] {&Threei}  friday before long weekendc

01[11:32] {&Threei}  computers are packing in Hampton

[11:32] {dino} uslv spike

[11:34] {+cc_9} SPY back to session lows

[11:42] {+cc_9} IWM dumpathon

[11:49] {ese} L kkd avg .05

01[11:51] {&Threei}  uh oh... ese, we may have to bail Will

01[11:51] {&Threei}  Victoria police raid Quadra Street marijuana shop

[11:52] {fish_49} last time it was Will bailing out ese right?

01[11:53] {&Threei}  yes... now while ese was away will probably tries to ramp up production, to support his expensive travel habits

01[11:53] {&Threei}  tried

[11:54] {Alexs} is marijuana legal in BC?

[11:55] {nemo} like gmcr short here Vad?

01[11:56] {&Threei}  no alex

[11:56] {RonS} ...police looking for Al Quadra?

01[11:56] {&Threei}  yes nemo

01[11:56] {&Threei}  hl of course

[11:56] {nemo} yeah triggered

[11:56] {nemo} had to wait for you to put the bong down

01[11:57] {&Threei}  I never did such a thing

[11:57] {nemo} you're still holding it?

01[11:57] {&Threei}  I just type with my chin

[11:58] {ese} justine Trudeau plans to visit here alot though for some unknown reason

01[11:59] {&Threei}  rofl

01[11:59] {&Threei}  nice GMCR

01[11:59] {&Threei}  for non-Canucks that don't get the reference:

[11:59] {Alexs} yeah ty Vad

01[12:00] {&Threei}  this is new leader of Liberal Party of Canada who recently admitted to marijuana use while already holding MP office

01[12:00] {&Threei}  I'll pass that "ty" to nemo with your permission

01[12:00] {&Threei}  his find

[12:00] {ese} spectacular career move

01[12:00] {&Threei}  lol

01[12:00] {&Threei}  imbecile

[12:00] {ese} if you want to be priminister

01[12:01] {&Threei}  all hippies will vote for you

01[12:01] {&Threei}  as long as they can find the voting office

[12:01] {ese} yup

01[12:01] {&Threei}  which is not a given

[12:01] {ese} he should get......lets say .ooo1 percent of the vote

01[12:02] {&Threei}  well, in BC it will be much higher

[12:02] {ese} with that admission

[12:02] {ese} true

01[12:02] {&Threei}  yesterday someone asked Harper about matijuana use on press conference

01[12:03] {&Threei}  he delivered it woth this perfect deadpan

01[12:03] {&Threei}  "Do I look like I use it/"

[12:03] {ese} thats a great line

[12:04] {ese} very funny

01[12:04] {&Threei}  you should see him to get it

01[12:04] {&Threei}  I mean, Dalai Lama amd Mother Theresa look more likely to smoke marjiuana than Harper

[12:05] {ese} thats hould pretty much bury Trudeau at the next election

[12:05] {ese} fool

01[12:05] {&Threei}  good... this country wouldn't survive second Trudeau

01[12:06] {&Threei}  just so you know:

01[12:06] {&Threei}  Phrases like "Can I ask you something?" and "I have to tell you something" trigger parts of the brain associated with panic.

[12:06] {ese} party lines have been sol blurred in the last 10 to 15 years i have no ideas who to vote for

01[12:07] {&Threei}  well, we have just the answer: read Atlas Shrugged, and all your hesitations will be dealt with {GG}

[12:07] {ese} I've made up my mind to vote for the person who injects chocolate into there veins with a hypodermic needel

[12:07] {ese} needle

[12:08] {nemo} "their"

[12:08] {nemo} you teacher you

[12:08] {ese} indeed

[12:08] {ese} i'm still sleep deprived

[12:08] {ese} cut me some slack

01[12:09] {&Threei}  while you were away, we did cliffnote version for Alex

[12:09] {nemo} wrong room ese

01[12:09] {&Threei}  what do yolu know, he immediately turned progressive

[12:22] {fish_49} is the paint dry yet?

[12:26] {nemo} think ese is sniffing it

[12:26] {ese} lol

[12:28] {ese} arrrrrrr.........seeeziiifffffffff.........iiiiyaaaaaa.....kannnfunctionnnnn.......namally.....whiiiii out it

[12:40] {+cc_9} Lets see that chemical attack evidence, podium is ready, standing by

[12:42] {nemo} Colin Powell show up with that vial yet

01[12:43] {&Threei}  I am yet to understand the logic of:

01[12:43] {&Threei}  we are fine while you bomb and shoot each other, but we draw the line at chemical weapon

[12:44] {nemo} it's called "an excuse"

[12:48] {fish_49} ok if it's an excuse  then should we at least verify who used the weapons?

[12:48] {nemo} nah, bomb them all, let Allah sort them out

[12:51] {fish_49} can Canada foot the bill?  I have paid enough taxes in the name of Alah

01[12:52] {&Threei}  Canada? bill?

01[12:53] {&Threei}  wait for me while I stop laughing

01[12:53] {&Threei}  it can be long wait though

[12:53] {fish_49} lets get the aussies  to pay for it...  They are the only nation which is debt free

01[12:53] {&Threei}  I'd suggest swiss

[12:53] {fish_49} less wont like that

01[12:53] {&Threei}  I want to see Les when he hears that

[12:53] {fish_49} Les*

[12:55] {nemo} market seems to be waiting for Kerry to speak

01[12:55] {&Threei}  yup

[12:55] {nemo} He's probably got his broker buying options

01[12:55] {&Threei}  he says it'a a go, GLD/GDX go up

01[12:56] {&Threei}  he says, errgh, ummm, weighing our options, they drop

[12:56] {fish_49} what will he say?  The rest of the world wont help us on this so we will study our options until the problem goes away?

01[12:56] {&Threei}  here he is

[12:57] {nemo} they should send Raylan Givens

[12:57] {+cc_9} no war, market rally

[13:01] {+cc_9} Kerry "we know but we can't tell you"

[13:01] {+cc_9} Kerry "we know where the weapons were launched from, but we won't specify"

[13:01] {+cc_9} good one Kerry.

01[13:02] {&Threei}  (SY) US Sec State Kerry: US Pres Obama has consulted Congress and other international leaders on Syria in the past few days- Consultation with Congress and US citizens is important before actions - Unclassified report on Syria is clear and compelling - Have thousands of sources to confirm info, will not repeat Iraq experience in intelligence on Syria - Know Assad regime has used chemical weapons several time this year and that they have the largest chemical weapons store in the Middle East

[13:05] {+cc_9} "This is common sense. This is evidence. These are facts." After not showing us anything, just telling us things.

[13:06] {nemo} Plu ca change plu cest le meme chose

01[13:07] {&Threei}  - Denounces 'indescriminate' horror of chemical weapons - Kerry personally spoke with Syrian foreign minister to ask him to grant access to UN chemical inspections, Syria shelled the area for four days before letting the inspectors in

[13:08] {fish_49} he is saying "Trust us"

01[13:08] {&Threei}  - Rockets in chemical attacks came only from regime controlled areas - Intelligent sources show Syrian forces were told to don gas masks - Syria fatalities had no external wonds - At least 1,429 Syrians killed including 426 children - US intercepted communications of a senior regime official who was very familar with the confirmation of the Aug 21st chemcial weapons attack

[13:10] {+cc_9} why is LMT stock going down...

[13:11] {fish_49} maybe went up on thoughts of War  and now down on the news of no war?

[13:12] {+cc_9} the market is going down on "news of war", cant have it bothways

[13:12] {+cc_9} if no war, reaction for overall market is up

[13:12] {+cc_9} if war, LMT should be up

[13:12] {nemo} check Raytheon

[13:12] {fish_49} correct

[13:13] {nemo} Likely more to be missile strikes...Raytheon makes those

[13:14] {fish_49} The American People  wont say yes...  If Obama wants  to do anything he is doing it alone

[13:14] {+cc_9} the only right the american people have is to pay taxes on time.

[13:14] {fish_49} now he is saying Diplomatic process

[13:15] {fish_49} he said nothing we didn't already know

01[13:15] {&Threei}  - Action will not involve boots on the ground and will not be open ended, action will be a 'limited and tailored response' - Solution on Syria must be poltical not military

01[13:15] {&Threei}  shrug

01[13:15] {&Threei}  amazing

[13:15] {+cc_9} BOOM

[13:15] {fish_49} market likes it

[13:16] {+cc_9} 12:57 cc_9 no war, market rally

01[13:16] {&Threei}  instead of speak softly and carry a big stick, he spoke loudly and harshly and carried a rubber

[13:16] {fish_49} hahahaha

[13:16] {fish_49} used Russian rubber?

[13:16] {cipher} got lucky bought a bunch of stuff at the low

[13:16] {fish_49} Putin gave him that rubber

[13:17] {cipher} wow

01[13:17] {&Threei}  and this line sent me into hysterical laughter:

01[13:17] {&Threei}  - Our oldest ally, the French condemned Syria

01[13:17] {&Threei}  YAAAY!!!

[13:20] {fish_49} UK voted last night and said no to helping out on a strike

[13:21] {fish_49} Obama will have to kiss a lot of butt to get any help on this

[13:24] {nemo} frickin' headline risk market

[13:36] {ese} Finally KK D about time

[13:38] {Alexs} so now Russians can say by sending severel ships to mediterranean they save the whole world

01[13:38] {&Threei} Short Setup: GDX  .20 break

01[13:39] {&Threei}  yes Alex... they scared the hell out of US

[13:41] {fish_49} gdx still valid?

[13:41] {fish_49} stop .30?

01[13:41] {&Threei}  yes

01[13:42] {&Threei}  for now, .30

01[13:42] {&Threei}  will probably trail before 1:1 is reached

01[13:46] {&Threei}  YESSSS!!!

01[13:46] {&Threei}  8/30/2013 1:47:02 PM *(CO) COLOMBIA CENTRAL BANK LEAVES OVERNIGHT LENDING RATE UNCHANGED 3.25%, AS EXPECTED

01[13:46] {&Threei}  whew

01[13:46] {&Threei}  what a relief

[13:46] {fish_49} lets buy Columbian coffee 

[13:47] {RonS} drug lords pissed...

01[13:47] {&Threei}  now, if you think we are done with Syria talk for today, think again:

01[13:47] {&Threei}  (SY) US President Obama to address issue on Syria at 14:15 ET - financial press- Separately, President Obama has not yet made a decision on military action on Syria.

[13:47] {RonS} ...wanted a cut...

01[13:47] {&Threei}  lol

01[13:47] {&Threei}  I thought they owned central bank

[13:49] {fish_49} GDX filled

[13:50] {RonS} drug lords: "we always cut our stuff, why don't you cut yours?"

[13:52] {RonS} O:  "planning on sailing the US Navy to Syrian coast and vote present"

[13:52] {fish_49} so we go sideways  until after Mr. O speaks

[13:52] {fish_49} notice Alexs  I called him Mr O  this time

[13:53] {dino} more like mr zero

[13:53] {fish_49} funny that u say that

[13:53] {Alexs} his the best president ever

[13:53] {RonS} lol

[13:53] {fish_49} I received a signed letter from him when I retired  and his signature has a Large O that looks like a zero

[13:54] {RonS} ...the consistency is amazing...pass th koolaid...

01[13:54] {&Threei}  his what is the best president ever?

[13:55] {Alexs} forever

01[13:56] {&Threei}  if this upcoming speech is as dovish as Kerry's, GDX is a 1:3er at least

01[13:57] {&Threei}  or should I say, as rubberish

[13:58] {Alexs} I hope he wil show them "kuzkinu mat"

01[13:58] {&Threei}  or two

[13:58] {fish_49} thanks for clarification

01[13:59] {&Threei}  I mean two kuzkina mat is twice as scary as one, right?

[13:59] {fish_49} I was looking up dovish

01[13:59] {&Threei}  dovish vs hawkish

[13:59] {fish_49} 1.  Any of various widely distributed birds of the family Columbidae, which includes the pigeons, having a small head and a characteristic cooing call.

01[13:59] {&Threei}  lol

[14:00] {fish_49} 2.  A gentle, innocent person

01[14:00] {&Threei}  is there political interpretation?

[14:00] {Alexs} one for Syria one for Russia

[14:00] {fish_49} which one is he?

01[14:00] {&Threei}  lol

[14:00] {fish_49} lol

01[14:00] {&Threei}  3. A person who advocates peace, conciliation, or negotiation in preference to confrontation or armed conflict.

[14:01] {fish_49} ahhh you mean Alexs?

[14:01] {fish_49} Adj. 1. dovish - opposed to war

[14:02] {fish_49} honestly..  what do we have  to gain from sending  a missle or two?

[14:03] {dino} nothing. he backed himself into corner. whats the difference guns or chemicals? dead is dead

[14:04] {RonS} keeps the supply fresh...confirms reliability...supports Muslims over Christians

[14:04] {dino} been what 60,000 killed over ther last year

[14:04] {fish_49} about the same as in Chicago?

[14:04] {dino} roflol

01[14:05] {&Threei}  ese, while Liberal leader contemplates coming to BC to replenish his marijuana supplies, look who competes:

01[14:05] {&Threei}  NDP leader Tom Mulcair brings ‘get rid of the Senate’ message to Victoria

[14:05] {ese} well well

01[14:05] {&Threei}  Victoria, barely keeping eyelids open and munching loudly: Senate? What's that...

01[14:06] {&Threei}  ok GDX

01[14:06] {&Threei}  die

01[14:06] {&Threei}  die more

01[14:06] {&Threei}  die harder

01[14:06] {&Threei}  die faster

01[14:06] {&Threei}  1:1

[14:06] {fish_49} half out

[14:14] {fish_49} all out

[14:15] {Alexs} what ere you talking about fish?

[14:16] {fish_49} GDX

[14:16] {fish_49} got 1:1  then stopped on other half

[14:16] {Alexs} ok

01[14:17] {&Threei}  keep it still on a radar

01[14:17] {&Threei}  it may be once again a trade on O's speech

[14:17] {fish_49} 10-4

[14:27] {Alexs} when is O's speech?

01[14:27] {&Threei}  any minute now

[14:27] {RonS} noone knows...he's always late

[14:36] {Alexs} O: no final decision

[14:37] {RonS} "but I am present."

[14:39] {Alexs} GLD ready

01[14:39] {&Threei}  and GDX just rinsed second half

01[14:39] {&Threei}  son of a half of a motherless goat

[14:46] {fish_49} taped comments?

[14:46] {fish_49} not live?

01[14:46] {&Threei}  (US) US Pres Obama: Syria chemical attack challenge for the whole world, chemical attack is a threat to US national security interests, and to our allies (incl Jordan, Israel) - White House press conf- No decision made on Syria military action. - Military action to be limited, ground troops will not be involved. - Will continue to consult with Congress. - Still in process for Syria response. - The President's preference would have been for int'l community to move forward. - No one is more 'war weary' than he is, but US must be willing to safeguard int'l norms. - House Speaker Boehner: More answers needed on Syria from the President. -

01[14:46] {&Threei}  yes

01[14:47] {&Threei} Short Setup: GLD  .80 break

01[14:47] {&Threei}  If holds  .90 

[14:49] {fish_49} soft

[14:51] {Alexs} half out, full out, then soft

[14:51] {+cc_9} lol

[14:51] {fish_49} lol

[14:51] {fish_49} no rubbers allowed

[14:56] {fish_49} wake up GLD

[14:59] {fish_49} filled

[14:59] {fish_49} add that to the list Alex

[15:04] {dino} rally time

01[15:08] {&Threei}  1:1

[15:08] {fish_49} half out

01[15:10] {&Threei}  1:2

[15:10] {fish_49} 1/4 out

[15:17] {fish_49} trail stop to .71?

01[15:18] {&Threei}  of course

[15:20] {nemo} algo chop

[15:21] {fish_49} all out

[15:21] {fish_49} thanks Vad

01[15:21] {&Threei}  yw

01[15:21] {&Threei}  did we have any losing day this week?

01[15:22] {&Threei}  I don't think so but my memory goes back only so far

[15:22] {fish_49} I didn't have a negative P/L this week but did not trade every day

[15:31] {nemo} got the short signal on spy and finnies, but didn't give it much credence here

01[15:31] {&Threei} Short Setup: GLD  .70 break

01[15:31] {&Threei}  If holds  .75 

01[15:31] {&Threei}  last one for the week

01[15:32] {&Threei}  still valid

[15:37] {fish_49} filled

[15:41] {fish_49} meh

[15:41] {fish_49} have a good holiday everyone

[15:41] {fish_49} thanks Vad

01[15:41] {&Threei}  take care fish, see you Tuesday

[15:41] {goinshort}  thanks Vad

01[15:42] {&Threei}  yw gs

[15:46] {dino} gn all

[15:46] {ese} cya tuesday

01[15:46] {&Threei}  ok guys, thank you all

01[15:47] {&Threei}  that was great week and a very good month

01[15:47] {&Threei}  have a great ,long weekend

01[15:47] {&Threei}  don't do too much labor

01[15:47] {&Threei}  see you tuesday