Tuesday, March 8, 2011

Mar 08 2011

Day started well with a few sizable wins, but action fizzled out quickly and market stalled for the rest of the day. We overplayed our hand a bit by trying to squeeze juice out of stone, and gave most gains back with 3 stops and one partial win. Oh well.

Session Time: Tue Mar 08 00:00:00 2011
[08:57] {ese} morning
[08:57] {RonS} howdy
[08:58] {Threei}  oh... sorry, forgot to say hi
[08:58] {ese} howdy
[08:58] {ese} morning vad
[08:58] {Threei}  ese, ron :)
[09:09] {dino} gm all
[09:10] {Threei}  dino :)
[09:12] {ese} dino
[09:12] {dino} :)
[09:12] {rambler} good morning....
[09:13] {ese} rambler
[09:13] {Threei}  rambler :)
[09:23] {Threei}  quiet morning, not much news, not much movement
[09:23] {larisa} gm :)
[09:24] {Threei}  larisa :)
[09:24] {larisa} vad :)
[09:24] {Threei}  watching SLW for breakdown
[09:26] {strider} test
[09:26] {nemo} fail
[09:26] {strider} weird disconnect
[09:26] {Threei}  strider Quit (Ping timeout: 121 seconds)
[09:27] {strider} that was after I got the message.
[09:27] {strider} fcs spike
[09:27] {strider} fcx
[09:29] {jfjf64} mornin all
[09:29] {Threei}  jf :)
[09:32] {Threei} Short Setup: SLW  .65
[09:32] {Threei}  yeah right
[09:32] {Threei} Short Setup: X  .50 break
[09:32] {Threei}  half lot
[09:32] {Threei}  argh, SLW
[09:33] {Threei}  X invalidated
[09:33] {jfjf64} argh  to  nice
[09:35] {Threei}  X, that was not trading really, that was teleportation
[09:37] {Threei} Long Setup:  SLW  .65
[09:38] {Threei}  if stays above .50
[09:38] {Threei}  not a scalp
[09:38] {Threei}  1:1, half out
[09:39] {Threei}  stop to under .60
[09:41] {Threei}  1:2, 1/4 more out
[09:42] {Threei}  stop to under .70
[09:45] {dino} 07 all red
[09:46] {RonS} 08 too
[09:47] {dino} lol
[09:47] {strider} hmmmm...
[09:48] {jfjf64} watchin vxx  4  pullbk
[09:48] {jfjf64} long entry
[09:51] {ese} L  mas 1/2 .56
[09:52] {Threei}  LVS, pullback to 42 for long entry
[09:53] {jfjf64} vxx cross
[09:53] {jfjf64} 33
[09:54] {strider} you bidding .42?
[09:54] {Threei}  .42?
[09:54] {strider} 42.00
[09:55] {Threei}  no, sitting with finger on a trigger, l,imit .05,
[09:55] {Threei}  hoping for dive under it,
[09:55] {Threei}  then to buy recross
[09:55] {strider} k
[09:56] {nemo} commodities getting the redheaded step child treatment today
[09:57] {jfjf64} .80 cross
[09:57] {Threei} Long Setup:  LVS  .05 break
[09:58] {Threei}  if stays above .95
[09:59] {dino} sm l bsqr .25 stop .99
[09:59] {nemo} touched 1:1
[09:59] {Threei}  want 1:2
[09:59] {Threei}  at least
[10:00] {Threei}  1:2
[10:01] {Threei}  1:3, out
[10:02] {strider} BSFT
[10:03] {strider} never mind...big spread
[10:04] {jfjf64} vxx l.25
[10:05] {ese} out mas .74 +.18
[10:06] {dino} bsqr to lod don't like it
[10:08] {dino} cisg sm l .75 stop .48
[10:10] {nemo} mos looks bear flaggish
[10:11] {ese} l hes .90
[10:13] {dino} abm sm l .24
[10:13] {dino} stop .98
[10:14] {ese} out hes .11 +.21
[10:14] {dino} gj
[10:14] {ese} 3/4 lot
[10:15] {dino} bkcc drop
[10:15] {ese} tks......feels good to get some trading in for a change......been too frickin busy with my R&B rogram at school
[10:16] {nemo} spy just hit monthly pivot .39 weekly pivot, downward trend line @.71
[10:16] {davd} did someone solve world hunger, big morning run
[10:16] {Threei}  my news is down, no idea what causes this spike
[10:16] {ese} market wants to get the year outlook out of the way david imo
[10:17] {ese} suppose to be up for the year but it wants to get it over with
[10:17] {davd} right, this way they can take the remaining 10 months off
[10:17] {ese} or something like that
[10:18] {ese} L amat .78
[10:20] {ese} out amat .83
[10:20] {ese} +.05
[10:21] {ese} 3k
[10:22] {dino} afop sm l .99
[10:23] {nemo} guess mos was short
[10:24] {dino} news?
[10:24] {nemo} doubtful, commodities and commodity related stocks all pulling back
[10:24] {dino} ty
[10:30] {ese} L dnr .19
[10:32] {Threei} Long Setup:  SLW  .55 break
[10:33] {Threei}  invalidated
[10:34] {strider} watching MEE for short
[10:34] {nemo} how tall are you?
[10:34] {strider} 9' 7"
[10:34] {strider} sitting down
[10:35] {davd} sitting on a ladder
[10:35] {strider} MEE too strong....
[10:36] {RonS} jnpr winding up for a breakout
[10:36] {nemo} .00 offers
[10:38] {nemo} pullback? spy and iwm peaks on lower volume
[10:39] {strider} fcx back to open
[10:39] {ese} out dnr .25 +.06
[10:40] {ese} 1/2 lot but i'll take
[10:40] {Threei}  X
[10:40] {Threei}  looking for long on this pullback
[10:40] {RonS} better than having it croak...would never come back
[10:41] {ese} ya
[10:41] {Threei} Long Setup:  X  .25 break
[10:41] {Threei}  if stays above .15
[10:42] {nemo} market pullback
[10:42] {ese} L hmy.00
[10:43] {Threei}  anyone uses TTN, is your headlines OK?
[10:44] {Threei}  no go X
[10:45] {ese} this is not going anywhere either hmy ..time to take a break out .02
[10:46] {ese} +.02
[10:48] {_cabogordon} thanks for letting me observe. my work schdule is only allowing me to log in once a week.
[10:49] {ese} once a week can work
[10:50] {Threei}  ese, you use TTN?
[10:51] {ese} yes
[10:51] {ese} am not on it right now though
[10:51] {Threei}  are you getting headlines fine?
[10:51] {Threei}  could you check please?
[10:51] {ese} sure
[10:51] {Threei}  mine are frozen since 6:46
[10:53] {ese} showing 03:46 as last headline
[10:53] {Threei}  right, local time
[10:53] {Threei}  ty, problem on their end then
[10:53] {RonS} or the world stopped
[10:53] {Threei}  or that
[10:54] {ese} top stories 6:00am
[10:54] {Threei}  which is just fine with me... look at this world anyway
[10:54] {ese} last one
[10:54] {Threei}  right
[10:54] {Threei}  thank you
[10:55] {Threei} Short Setup: FCX  50 break
[10:55] {Threei}  half lot
[10:56] {strider} stop .20?
[10:56] {Threei}  nah, .10
[10:57] {Threei}  morning plays were too good, don't want to risk giving back that much
[10:57] {_cabogordon} tshort FCX at 50.00 ?
[10:58] {Threei}  on breaking 50
[10:58] {Threei}  with stop or invalidating level above 50.10
[10:58] {_cabogordon} got it
[11:01] {Threei}  OK FCX, you are done
[11:01] {Threei}  stick a fork in yourself and drop
[11:02] {Threei}  Gitmo Tirbunals to Resume
[11:02] {Threei}  heh... reality takes over, eh?
[11:03] {Threei}  was so nice as election promise
[11:04] {RonS} where is the Hollyw lib rage now?
[11:05] {Threei}  initially I saw this FCX short as scalp
[11:05] {Threei}  not anymore, if it works it deserves more
[11:06] {Threei}  stop is still above .10 but target is about 30-40 cents now
[11:09] {Threei}  nemo
[11:09] {Threei}  time for violence?
[11:09] {nemo} cut the achilles
06[11:09] * Threei hits FCX over the head with 2x4
[11:09] {Threei}  that's too nuanced
[11:09] {Threei}  I am a 2x4 guy
[11:11] {nemo} the pain isn't nuanced..can't stand up
[11:11] {nemo} you want it to keel over, right
[11:11] {Threei}  sure but I also want to enjoy pure unbridled violence
[11:12] {nemo} o.k. cut through the bone going through the achilles
[11:12] {Threei}  bidding half .89
[11:12] {Threei}  lol
[11:13] {Threei}  1:1
[11:14] {Threei}  stop to .05 for the balance
[11:15] {Threei}  come on FCX, you can do better
[11:18] {nemo} i think we're going to get another leg up in the market
[11:19] {davd} me too, oil stable, vix down, financials strong
[11:21] {davd} 30yr treas at 5 day low re tlt
[11:21] {Threei}  good read
[11:21] {dino}  .
[11:22] {davd} thanks but i waited until it actually went up
[11:22] {Threei}  scalpers win
[11:25] {strider} l fdx .73
[11:27] {strider} out .89
[11:27] {strider} fdx a little too jerky for my taste
[11:27] {strider} although jerky isn't bad.
[11:28] {davd} low in carbs
[11:28] {_cabogordon} i had about a pound of jerky on the course on sat , have not been the same since
[11:29] {RonS} lol
[11:29] {Threei}  lol
[11:31] {_cabogordon} stomped out of fcx, you guys ?
[11:31] {RonS} yeap
[11:31] {Threei}  covered half for +.10, stopped out of second half for -.05
[11:32] {nemo} spy at downtrend
[11:35] {nemo} now things look a bit toppy
[11:45] {RonS} blti ablaze...w/ new patent
[11:48] {dino} bsqr stopped -.15
[11:50] {rambler} O.K Vad, back in the saddle.....let 'er rip.....
[11:50] {nemo} lunchtime...go take a nap
[11:51] {rambler} as per usual, timing is everything.....
[11:51] {Threei}  no activity
[11:51] {Threei}  tight range
[11:52] {Threei}  morning trades pretty much exhausted the opportunities for now... waiting
[11:52] {rambler} LVS got back down to 42.....
[11:52] {strider} sh V .60
[11:52] {strider} 1/2 stop .75
[11:53] {nemo} spy resistance at .80 and then 133.18
[11:54] {rambler} how's the weather in Cabo....Gorden?   Bloody awful here....
[11:54] {_cabogordon} here ., as in cabo
[11:55] {_cabogordon} 85 and windy, ground hog day down here. 2 seasons pergatory hot and just hot
[11:55] {rambler} sounds great
[11:56] {_cabogordon} no bad days in cabo. just the markets
[11:56] {dino} lol
[11:56] {rambler} did a motorhome trip with the kids a couple of years ago, all over the Baja....
[11:56] {rambler} loved it...
[11:57] {_cabogordon} its a fun drive down the baja, minus the gas costs
[11:57] {_cabogordon} 1000 miles from tj
[11:57] {RonS} sounds cool Chevy
[11:57] {rambler} and ferry costs...
[11:58] {_cabogordon} it costs me 300 last yr for a mid size
[11:58] {rambler} $800 to cross over to La Paz...6 hour trip....
[11:58] {_cabogordon} the bigger the car the more the costs
[11:58] {rambler} for sure...
[11:59] {_cabogordon} i did it last year crossed nagalas in ar then ferried over
[11:59] {rambler} same...
[11:59] {_cabogordon} better to cross TJ and shoot down in 24 hrs.
[12:00] {RonS} worse to cross TJ and get shot
[12:00] {rambler} hope to join you someday....I like the concept....
[12:01] {rambler} cross 6 a.m. and put the petal to the metal....
[12:01] {RonS} lol
[12:01] {RonS} perfect
[12:01] {_cabogordon} anytime, i have plenty of friends who run hotels. would love to have a beer with a fellow trader
[12:01] {rambler} looking forward....
[12:02] {nemo} another run
[12:02] {_cabogordon} cross tj at 6am , stay in loreto and pull into cabo next day by 2pm
[12:02] {rambler} Reality trader conference....
[12:02] {RonS} went to a winery no of cabo...diageo place that exported to argentina...good stuff
[12:02] {_cabogordon} fcx running
[12:03] {Threei}  LVS is strangely weak
[12:03] {_cabogordon} chilean and argentina wines rock the MX are terrible.
[12:04] {_cabogordon} you prop went up to todas santos, it napa on a very bad day
[12:04] {rambler} how so Vad...?
[12:05] {rambler} seems to like that 40 to 50 range
[12:05] {RonS} well groomed, clean vineyard...wine a little heavy but since i cut my teeth on the original No CA italian reds they were decent
[12:05] {Threei}  40 yo 50?
[12:05] {Threei}  are we looking at the same stock?
[12:06] {rambler} looking at daily.....
[12:06] {RonS} LVS needs to get decision on that bribery thing...pay a fine and move on...same as bribe when u think about it
[12:08] {Threei}  I am talkikng about intraday
[12:08] {Threei}  staying low while market makes new highs
[12:12] {strider} out V +.02
[12:12] {strider} dumb idea
[12:23] {Threei}  watching X for consolidation between .50 and .80, then .50 break for short
[12:25] {Threei}  Oil Price Spike Is Not Related to Supply: US Oil Group
[12:25] {Threei}  damn speculators?
[12:29] {Threei}  63% Say U.S. Should Stay Out of Libya Crisis
[12:29] {Threei}  doh
[12:31] {_cabogordon} are you suggesting short X at abreak below .50
[12:31] {Threei}  yes, if it consolidates under .60
[12:31] {nemo} spy sitting on R1
[12:33] {nemo} IWM crawling up support, spy likely to follow
[12:33] {Threei}  boring day
[12:33] {nemo} grind grind grind
[12:34] {Threei}  nice morning, then nothing
[12:37] {nemo} tck teasing at the high
[12:37] {nemo} agu looks interesting
[12:44] {Threei}  not liking this sharp drop for short
[12:44] {Threei}  want consolidation
[12:45] {nemo} what, x?
[12:45] {nemo} just following market
[12:45] {Threei}  if X bounces of .50, stays under .60 oln the bounce and spends a few min in this range, trade will be reestablished
[12:45] {Threei}  otherwise, just let it go
[12:47] {dino} sgma filled while away, sm l .45
[12:49] {Threei}  this one got away
[12:49] {rambler} sometimes letting go hurts.....
[12:49] {Threei}  I guess should have recalibrated it for .60 break
[12:50] {Threei}  not as much as chasing into sharp drops can hurt... :)
[12:50] {rambler} get her next time.....
[13:13] {Threei}  is earth standing still?
[13:14] {dino}  pretty much
[13:14] {dino} isys
[13:14] {Threei} Short Setup: X  .50 break
[13:15] {Threei}  if stays under .60
[13:17] {_cabogordon} i'm in at .50
06[13:23] * nemo cuts X's achilles tendons
06[13:23] * nemo threatens X's children
[13:23] {Threei}  is it a boredom trade on my part?
[13:24] {Threei}  5 cents down, 5 cents up... all signs of ramdom patternless move
[13:26] {Threei}  yeah
[13:26] {Threei}  out
[13:33] {Threei}  someone used crazy glue on the SPY for the last couple hoirs
[13:37] {dino} zzzzzzzzzzzzzzzzzzzzzzzzz
[13:37] {davd} v spike
[13:37] {davd} and ma too
[13:37] {rambler} LVS pops....
[13:39] {Threei}  things start looking like creep-up resumption
[13:40] {Threei}  but for the life of me, I don't see any reliable plays
[13:40] {kschun} hy all :-)
[13:40] {Threei}  well, LVS long on pullback
[13:40] {Threei}  hi ks
[13:40] {Threei}  .20 is support
[13:41] {strider} buy at?
[13:42] {Threei}  don't know
[13:42] {Threei}  let's watch it
[13:42] {Threei}  ideally, dive under .20, hokding .15, recross for long - with corresponding market spike up
[13:47] {kschun} good eye vad
[13:47] {nemo} internals sneeze
[13:49] {kschun} long
[13:50] {kschun} but relative weakness nasdaq
[13:50] {nemo} so grind and chop
[13:53] {kschun} yep. as almost always: making money in the morning is a lot easier
[13:53] {kschun} however for training patience the last two hours are king LOL :-)
[13:55] {dino} lng
[13:55] {strider} take up the guitar, ks.....helps pass the time
[13:55] {kschun} LOL
[13:56] {nemo} he's not kidding
[13:56] {strider} nope
[13:56] {nemo} got mine right next to me
[13:57] {nemo} seen those snark tuners strider?
[13:57] {kschun} somebody giving nemo a guitar for entertainment our chatroom? vad? :-)
[13:57] {kschun} not guitar, microphone.
[13:57] {Threei}  I am not even here
[13:57] {strider} no. wnat  are they?
[13:57] {Threei}  this is my ghost
[13:57] {kschun} vad's just must give allowance
[13:57] {kschun} LOLLOL
[13:58] {Threei}  who would want to tune the shark.. and for what purpose
[13:58] {nemo} SNARK
[13:59] {dino} lng sm l .10
[13:59] {strider} keep it in automaic tune?
[13:59] {strider} automatic
[14:00] {strider} I have a little digital that I keep on headstock
[14:00] {nemo} clips on the head, either tonal or vibration mode, can tune sharp or flat as if capo'd, yeah, that's it
[14:00] {nemo} brother dropped one off yesterday
[14:00] {strider} ok.  got one
[14:02] {kschun} LVS having a hard time with his 200 ma on 5 min
[14:03] {Threei}  I view it as simple lack of activity
[14:03] {Threei}  it's not like it's trying hard but can't overcome
[14:03] {kschun} vad right as always...
[14:03] {Threei}  it's not evn trying
[14:03] {Threei}  jellyfish market
[14:04] {kschun} your wife really must have a hard time with you always being right... :-)
[14:04] {Threei}  yes, she says it's highly irritating
[14:04] {kschun} LOL
[14:04] {kschun} SPY begins to turn
[14:04] {Threei} Short Setup: AIG  .40 break
[14:06] {Threei}  my girlfriends before her claimed it was highly attractive trait, but I always said they would change their tune if marry me - and I was right
[14:06] {kschun} LOL
[14:06] {nemo} spy support .60, then .38 then .18
[14:06] {kschun} I beg you are right :-)
[14:08] {kschun} AIG no short-list...on both of my accounts...
[14:09] {strider} same here...ks
[14:09] {Threei}  just checked... not here
[14:09] {Threei}  ok, looking for something else
[14:09] {Threei}  X
[14:09] {Threei}  .50 break
[14:10] {kschun} thanks vad :-9
[14:15] {dino} arex
[14:15] {strider} .55?
[14:16] {strider} stop
[14:16] {nemo} that's pivot resistance
[14:16] {strider} .57 here
[14:19] {rambler} gflate to the party...is X on...?
[14:19] {nemo} yep
[14:30] {Threei}  I am about to start scalping for 5 cents
[14:30] {nemo} hehehehehe
[14:30] {Threei}  that seems to be all be get
[14:30] {Threei}  we
[14:30] {kschun} did the same
[14:30] {kschun} but just do not like this...
[14:31] {dino} lng stopped
[14:33] {strider} stopped X
[14:33] {Threei}  highly annoying
[14:35] {Threei}  look at that
[14:35] {Threei}  rinse
[14:35] {strider} swh rimm .67
[14:36] {strider} sh
[14:37] {kschun} axp?
[14:38] {Threei}  .40 break looks like short to e
[14:38] {Threei}  but so did X
[14:40] {kschun} took .40 for long.
[14:40] {dino} sgma to b/e
[14:41] {dino} apu sm l .52
[14:45] {dino} sgmnna to .83
[14:45] {dino} sgma
[14:46] {dino} out sgma .83, +.28
[14:46] {dino} out arex .60 +.30
[14:47] {kschun} NAV may for a bounce
[14:47] {strider} stopped rimm -.15
[14:48] {Threei}  dino is killin'em
[14:48] {kschun} great job dino!
[14:48] {dino} thx, got lucky. didn't do much today
[14:49] {kschun} I alway find it amazing how you can trade such stocks profitable!
[14:50] {kschun} just because of the big spread
[14:50] {dino} smaller shares
[14:50] {dino} but really, you get a feel for when a break is coming
[14:50] {dino} afop to b/e, dead one
[14:51] {kschun} amazing, still would not have the cojones to do this
[14:52] {dino} well, it pays the bills
[14:53] {kschun} :-) congrats! :-)
[14:53] {dino} ty
[14:53] {kschun} SUN long guys?
[14:55] {dino} fire in philly
[14:55] {davd} refiners are not a good thing today
[14:55] {davd} look at vlo re sun
[14:57] {kschun} o.k. thanks davd
[14:59] {dino} sun had a fire in philly
[15:00] {kschun} what is this "fire in philly" :-)
[15:00] {kschun} sorry...
[15:00] {kschun} volume spike?
[15:01] {dino} philly refinery fire, owned by sun
[15:02] {kschun} ah... lol. o.k. thanks
[15:02] {davd} that's funny, im still recovering from the prozac joke.
[15:04] {dino} cisg stopped -.06
[15:07] {kschun} still not having a real-short feeling for this market
[15:07] {kschun} but just don't know
[15:08] {kschun} vad - your opinion?
[15:09] {nemo} fcx
[15:09] {Threei}  about what?
[15:09] {kschun} market
[15:09] {Threei}  none
[15:10] {dino} like a seesaw, up big, down big, up/down.....
[15:11] {rambler} long LVS  sm 42.29
[15:13] {dino} sm l lng .35
[15:18] {kschun} @rambler: LVS really looks good there in my op
[15:18] {rambler} I've been watching it for a while now.....
[15:18] {dino} feels like they gun them up into close
[15:19] {Threei}  agbree
[15:19] {nemo} yeah, gonna' break the downward trend line
[15:21] {dino} lng stopped -.16
[15:23] {kschun} "good buying" going on in LVS so far. little green candles on steady volume. could gona test ~ .45
[15:26] {Threei}  talk about irony - guess what becomes more epxnsive with cotton prices rising
[15:26] {rambler} out .39  +big .10
[15:26] {Threei}  wtg rmabler
[15:27] {dino} gj
[15:29] {kschun} LOL
[15:29] {nemo} so, what's more expensive Vad?
[15:29] {Threei}  dollar bills
[15:29] {kschun} :-)
[15:29] {nemo} well at least that makes them softer for their more appropriate use
[15:33] {davd} so the dollar is actually getting stronger?
[15:33] {Threei}  that's the irony part
[15:34] {dino} weaker which is part reason cotton, oil etc up
[15:34] {Threei}  soft addition to a dollar bill makes it stronger
[15:34] {davd} so you can buy less cotton with more cotton
[15:35] {Threei}  rather,
[15:35] {Threei}  you can buy less cotton with more expensive cotton drivative
[15:36] {Threei}  if that makes sense
[15:36] {davd} nothing makes sense
[15:36] {kschun} LVS probably in NR7 today
[15:37] {kschun} could be interesting tomorrow
[15:37] {kschun} at least probably more volatile
[15:37] {rambler} NR7?
[15:37] {kschun} narrowest range for the last 7 days
[15:38] {rambler} thanks...
[15:38] {dino} cray
[15:38] {kschun} you are welcome
[15:38] {dino} to fast
[15:39] {dino} out abm .51, +.27
[15:39] {Threei}  what was that on CRAY
[15:39] {dino} spike to 8+
[15:39] {rambler} nice one dino....
[15:40] {Threei}  that I see :)
[15:40] {kschun} LOL
[15:40] {kschun} gj dino
[15:40] {dino} took all day abm
[15:40] {kschun} dont joke with VAD :-)
[15:40] {dino} cqp drop
[15:40] {nemo} X short .84?
[15:40] {dino} lots of oils dropping
[15:41] {Threei}  I dunno what to say nemo
[15:41] {kschun} SUN OUT 2:1. holding last 1/4
[15:41] {Threei}  how many times it formed short setup today, only to rinse us out
[15:42] {nemo} long above .90, that volume spike
[15:44] {kschun} would let it come back for long to .70-75 area
[15:44] {kschun} and still for this I wouldn't really be confident. great setup was long above .60, trianlge brekaout
[15:45] {kschun} before
[15:45] {nemo} volume defined the range,
[15:45] {kschun} did not take it, unfavorable market conditions...
[15:46] {kschun} o.k.
[15:48] {nemo} running out of time
[15:48] {kschun} what makes trianlges such great setups is that volatility is becoming smaller and so you can allow to enter in a no-volatile-time with a small stop
[15:48] {kschun} like small consolidation areas
[15:50] {kschun} SAS best company to work for (money.com)
[15:51] {dino} autc drop
[15:51] {kschun} first financial company at 23 - goldman sachs
[15:52] {kschun} sorry, Scottrade at 12th place.
[15:53] {dino} v sm l autc .16
[15:53] {nemo} X worked
[15:54] {kschun} @nemo: great job. thought before you wanted to go long in it
[15:54] {kschun} therefore I was a little confused.
[15:54] {dino} autc stopped
[15:55] {Threei}  15:40] {nemo} X short .84?
[15:55] {Threei}  how do you take it for intention to go long? :)
[15:55] {Threei}  although, considering it's nemo we are talking about... {GG}
[15:56] {nemo} if it broke the range of that candle, I thought short, but it could have been long, but it barely touched .91 and dropped immediately
[15:56] {Threei}  see?
[15:58] {Threei}  OK guys, frustrating day with early wins canceled by later stops
[15:58] {kschun} don't know why I thought long. short was looking +/- o.k. to me, long not really.
[15:58] {Threei}  wasn't really worth waking up
[15:59] {Threei}  thank you all, have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {kschun} :-) - did you not at least eat bacon for breakfast?
[15:59] {dino} cya vad
[15:59] {rambler} thanks all.....
[15:59] {kschun} you  really have to, like this it is always worth to wake up :-)
[16:00] {kschun} thanks all, great evening!
[16:01] {larisa} bye all

Monday, March 7, 2011

Mar 07 2011

Beautiful day to start the week - one 10 cents stop and a lot of fat profitable trades, including SLW morning violin played in both directions. One of the later trades made Catch of the Day below.


Another example of "milk trade" - setup is self-explanatory for anyone who observed our bread-and-butter setups. We have covered it for 1:5 risk/reward, and it continues even lower as I type this.




Session Time: Mon Mar 07 00:00:01 2011
[08:47] {Threei}  (EU) EU's Rehn: Sees a case for lower rates on bailout loans for Ireland and Greece- Need to look into loan maturities to take countries further than the 2014/15 funding.
[09:11] {jfjf64} mornin
[09:11] {Threei}  jf :)
[09:11] {davd} they need to re-phrase the error messages.  "not permitted" because dino can't type?
[09:12] {Threei}  then I'd have to add distinctions like "because we don't like you," "because we have to have some fun" etc
[09:15] {rambler} goodmorning....
[09:15] {Threei}  rambler :)
[09:16] {ese} morning
[09:17] {larisa} gm :)
[09:17] {Threei}  ese, larisa :)
[09:17] {ese} laris vad......so this is what life after death is like......hmmmmmm.....not too bad
[09:21] {jfjf64} slw  up  up  up
[09:22] {Threei}  as USD murder continues...
[09:22] {jfjf64} yup
[09:23] {Threei}  Canada is put on alert for food prices rising 5-7%
[09:23] {Threei}  thank you Ben
[09:24] {ese} you'll be required to do lots of shiskabob and freeze it to save on costs
[09:24] {Threei}  (US) Fed's Fisher: May vote to halt further bond purchases before the June deadline, believes QE2 may be counterproductive
[09:24] {Threei}  - Would certainly vote against extending bond purchases under QE2 past the June deadline.
[09:24] {Threei}  - More accomodation could actually hurt the US economy.
[09:24] {Threei}  - Only fiscal policy can aid in job creation.
[09:24] {Threei}  - Congress needs to take painful steps to cut the budget deficit, US economy is afflicted with negative impact of budget deficits.
[09:25] {dino} gm all
[09:25] {Threei}  dino :)
[09:25] {jfjf64} dino
[09:27] {nemo} wow, not used to spy barely moving
[09:27] {Threei}  Ok, waiting out first morning lunacy if it comes
[09:27] {jfjf64} early
[09:28] {magoo} morning
[09:28] {Threei}  mags :)
[09:28] {RonS} gm everyone
[09:28] {Threei}  Ron :)
[09:29] {Threei}  likely scenario is lunacy, then morning selling, for an hour or two, then slow creep-up
[09:31] {Threei}  (US) Fed's Lockhart: A serious increase in oil prices is not the most likely scenario, but Fed might need to ease again if oil goes too high
[09:31] {Threei}  - US economy can absorb some increases in crude prices.
[09:31] {Threei}  - Housing prices may continue to move lower.
[09:31] {Threei}  Fed might need to ease again if oil goes too high?
[09:31] {Threei}  ??
[09:32] {Threei}  watch SLW for short into bounces
[09:32] {Threei}  if gets around .40, would be very lucrative
[09:35] {Threei} Short Setup: RIMM  .60 break
[09:35] {Threei}  ugh... late
[09:35] {Threei}  see if provides us with second chance entry
[09:35] {Threei}  ok
[09:35] {Threei}  same setup
[09:35] {Threei}  .60 break short
[09:36] {Threei}  stop above .70 for scalpers
[09:36] {Threei}  .80 day traders with smaller shares
[09:37] {Threei}  SLW, no chance for entry
[09:38] {magoo} big dive LVS
[09:38] {Threei}  yeah
[09:38] {jfjf64} comon  rimm
[09:38] {jfjf64} your  turn
[09:38] {Threei}  (LB) Hearing Arab press sources are reporting that Libya's Gaddafi has begun negotiations with rebels to step down and leave the country- Hearing Libyan sources have told the pan-Arab newspaper al-Sharq al-Awsat that Col Gaddafi has contacted the rebel Transitional National Council to secure his departure from the country in return for guaranteeing his and his family's safety.
[09:39] {Threei}  this is probably what sent SLW down this much
[09:39] {Threei}  and USO
[09:39] {nemo} why oil dropped too
[09:40] {Threei}  RIMM 1:1 for day traders
[09:42] {nemo} nke
[09:42] {Threei}  SLW, dive under .50
[09:42] {Threei}  DB entry
[09:42] {Threei}  if holding .40
[09:43] {Threei}  in .51
[09:43] {Threei}  stop under day low, target about 45.80
[09:43] {Threei}  1:1
[09:43] {Threei}  half out
[09:44] {Threei}  stop to under .45
[09:44] {Threei}  1:2
[09:44] {Threei}  1/4 more out
[09:44] {Threei}  stop to .49
[09:45] {Threei}  RIMM hit 1:2 for day traders
[09:46] {Threei}  offering last SLW .82
[09:46] {Threei}  stop to .55
[09:46] {Threei}  touched .80
[09:47] {Threei}  stop to under .60
[09:47] {dino} gj
[09:47] {Threei}  last low
[09:48] {Threei}  ty
[09:48] {Threei}  textbook setup
[09:48] {magoo} nice one
[09:48] {Threei}  out 1:3
[09:51] {magoo} quite a reversal
[09:51] {Threei}  lunacy period is not over yet :)
[09:52] {Threei}  watching for short setup
[09:52] {jfjf64} axp  d/top
[09:52] {jfjf64} ?
[09:53] {Threei}  volume doesn't say so...
[09:53] {Threei}  rather breakoutish
[09:53] {Threei}  SLW,
[09:54] {Threei}  watch for entry around .20
[09:54] {Threei}  if doesn't go above .30
[09:54] {Threei}  short entry it is
[09:54] {nemo} NKE inverted C&H
[09:54] {dino} 07 all red
[09:55] {Threei}  .20 recross short
[09:55] {Threei}  stop above .30
[09:56] {magoo} whats 07 all red mean dino?
[09:56] {Threei}  target is 1:3
[09:56] {Threei}  with standard partialing
[09:57] {Threei}  1;1, half out
[09:57] {Threei}  stop to above b/e
[09:58] {Threei}  changing my mind for the last portion
[09:58] {Threei}  target 1:4 for it
[09:59] {Threei}  1:2, 1/4 more out
[09:59] {Threei}  stop to .15
[09:59] {Threei}  taregt is around .80
[10:05] {Threei}  out last piece
[10:05] {Threei}  like violing, both directions
[10:05] {Threei}  can I go home?
[10:06] {strider} {--------threatens vad with a large stalk of broccoli
[10:06] {Threei}  uh oh
[10:07] {Threei}  out of all things that scare me you had to pick the scariest
[10:07] {strider} I select my tools carefully
[10:08] {strider} right one for the job
[10:11] {Threei}  (EG) New government in Egypt has been sworn in - state tv
[10:11] {davd} rumor re kdaffi poo poo'd ie rebels prob wont accept and would that stablize oil...
[10:14] {strider} fcx long bull flag
[10:14] {dino} fast mkt drop
[10:14] {strider} traccking spy today
[10:14] {strider} fcx is
[10:16] {Threei} Long Setup:  X  .45
[10:16] {Threei}  half lot
[10:16] {Threei}  if stays above .35
[10:18] {Threei}  invalidated
[10:18] {_cleto}  u blew it Vad
[10:18] {_cleto} lol
[10:18] {_cleto} so hot this morning and now this " invalidated'
[10:19] {Threei}  oops
[10:19] {magoo} u dont know what invalid means
[10:19] {dino} tough crowd
[10:19] {Threei}  sorry... I'll go poor ashes on my head.. :(
06[10:19] * nemo slaps _cleto around with a large lead pipe
[10:19] {_cleto} make sure it doesnt happen  agian
[10:19] {Threei}  I have second chance?
[10:19] {Threei}  thank you!! :)
[10:19] {_cleto} brocollli soup
[10:20] {Threei}  not that
[10:20] {Threei}  anything but that
[10:20] {dino} sxci sm l .60 stop .34
[10:22] {Threei}  poor = pour, btw, lol
[10:22] {Threei} Short Setup: LVS  .20 break
[10:23] {Threei}  if it goes above .30, I am reaching for the broccoli soup voluntarily
[10:25] {Threei}  not time for the market to start creep-up yet, IMO
[10:25] {Threei}  should get more dolwnside first
[10:25] {Threei}  out
[10:25] {Threei}  ok, backing off a bit, first stop for today
[10:26] {dino} sxci stopped slipped -.31
[10:26] {_cleto} add 1 cup Russian standard platinum
[10:26] {Threei}  that'll make that soup edible
[10:27] {_cleto} do u know that vodka by the way
[10:27] {Threei}  very well
[10:27] {Threei}  one of my gavorites
[10:27] {Threei}  favorites
[10:27] {_cleto} now i bragged to friends that it was one of the best.. i could drink the stayndard  brand with a tablesspoon, so smooth , vanilla etc
[10:27] {strider} fcx weak
[10:28] {_cleto} BUt lately I am convinced they changed it!!  seriously
[10:28] {Threei}  strange divergence between X and FCX today, strider
[10:28] {Threei}  they moved together lately
[10:28] {_cleto} it is rough  almost not drinkable,  an dthis happeneed coincidentally since they introduced teh PLATINUM brnd, so u know the rest
[10:28] {_cleto} sorry
[10:29] {_cleto} trading first , vodka  later
[10:30] {Threei}  watch X for long entry if dives under .50
[10:30] {Threei}  pullback entry for establishing uptrend, if stays above .40
[10:31] {jfjf64} fast  back off
[10:31] {jfjf64} lol
[10:31] {Threei}  be readym can be very quick
[10:31] {jfjf64} lol
[10:32] {Threei}  (LB) US Defense Sec Gates: Any military action in Libya needs international support
[10:32] {Threei}  I can't believe they seriously contemplate any kind of intevention there
[10:32] {strider} fcx dying
[10:33] {Threei}  in
[10:33] {Threei}  stop under .40
[10:33] {Threei}  (LB) Reports of further air strikes on behalf of Gaddafi in the oil port town of Ras Lanuf
[10:34] {Threei}  very nervous market here wqith barrage of headlines from Libya
[10:34] {Threei}  if want to take quick scalp, can't blame you
[10:34] {Threei}  1:1
[10:34] {nemo} ree break .36?
[10:34] {Threei}  half out
[10:35] {Threei}  scalpers get out
[10:35] {Threei}  no read on REE
[10:35] {Threei}  stop to .49 for the balance
[10:35] {strider} out +.13
[10:36] {strider} .64
06[10:36] * Threei pushes a dish with broccoli soup away
[10:36] {strider} {---------prepares sheath of brussel sprouts for backup
[10:37] {Threei}  out second half
[10:37] {strider} fcx still erping
[10:37] {strider} urping?
[10:37] {Threei}  come on, that was a perfect read - entry point fiorecasted in advance, waited out to perfection
[10:37] {strider} sp?
[10:37] {Threei}  let me out of that broccoli jail
[10:39] {_cleto} Vad, next time  u drink russian standard plain, think if it really is  as good as usual, no ice straight an du will undersatnd..
[10:39] {_cleto} switcharoo
[10:40] {Threei}  ice?
[10:40] {_cleto} lol
[10:40] {Threei}  who on earth drinks vodka with ice
[10:41] {Threei}  here comes my selloff
[10:42] {dino} i do
[10:43] {Threei}  that must be crappy vodka...
[10:43] {strider} or really good ice
[10:43] {Threei}  lol
[10:43] {Threei}  good one desrves better than putting ice in it... chill it in the fridge
[10:43] {Threei}  don't see new news for this selling
[10:46] {dino} 12066, 2326, 1308 gaps
[10:46] {nemo} fcx holding
[10:47] {strider} resting between barfs
[10:47] {dino} feels like whoosh down coming
[10:47] {nemo} .62 support on spy
[10:47] {dino} ty
[10:48] {Threei}  LVS runsed
[10:48] {dino} fdx gap around 87.30
[10:49] {dino} open drop, gap around 86
[10:51] {dino} idcc drop
[10:52] {dino} idcc sm l .98
[10:53] {dino} sxci app lod
[10:56] {dino} rp sm l .75
[10:57] {Threei}  LVS... looks breakdownish but so it did last time around, and it rinsed instead
[10:57] {Threei}  so how about let's wait for a rinse,
[10:57] {Threei}  and try to shoert after that if setups presentes itself
[10:57] {jfjf64} 43.00
[10:58] {jfjf64} opr  agg
[10:58] {jfjf64} or
[10:58] {Threei}  to rinse, it would need to go above .20
[10:59] {Threei}  so let's wait for it to go there, then see
[11:00] {dino} market indecision
[11:00] {dino} gdot blood
[11:00] {Threei}  me too
[11:01] {Threei}  indecision, not blood
[11:01] {_cleto} ice  or no ice
[11:01] {nemo} stop it will ya...I'm trying to avoid drinking before noon
[11:01] {Threei}  no ice, no indecision there
[11:01] {Threei}  nemo... are you OK?
[11:02] {nemo} Had a hangover yesterday like you read about
[11:02] {Threei}  (LB) Britain and France planning to initiate a proposal for a Libya no fly zone to the UN this week
[11:02] {Threei}  good
[11:03] {Threei}  they plan, they initiate, they discuss... it will be over one way or another over there when they are done discussing
[11:05] {dino} where's "w" when you need him. he dreamed of this
[11:05] {Threei}  (LB) US govt sources state that the earlier reports of Gaddafi negotiating with the opposition are unlikely to be credible - CNBC
[11:08] {dino} fdx gap fill
[11:09] {nemo} nice volume spike tck
[11:10] {Threei}  LVS, perfect drop off .20
[11:10] {Threei}  no clean setup there, couldn't make a call
[11:10] {Threei}  but confirms the concept
[11:10] {strider} yesterdays spy low .60
[11:11] {dino} almost filled ndx 2326
[11:13] {dino} fdx sm l .35
[11:22] {Threei}  (LB) President Obama: Reiterates no options are off the table in regards to Libya, NATO is considering military options
[11:22] {Threei}  - US has authorized $15M in aid for Libya.
[11:22] {dino} as they surgically install a backbone
[11:23] {Threei}  nope, body will reject it
[11:23] {dino} most likely
[11:25] {rambler} Vad, enjoyed the video series this weekend.....
[11:26] {Threei}  :)
[11:26] {rambler} I've got some work to do....
[11:26] {Threei} Long Setup:  LVS  43 break
[11:26] {Threei}  just a scalp most likely
[11:26] {Threei}  not very confident, about 52/48
[11:27] {Threei}  make it discretionary call
[11:27] {Threei}  there was one big change since I recorded those, rambler
[11:27] {rambler} whats that
[11:27] {Threei}  in one of the videos you can hear click of the Zippo
[11:27] {Threei}  I quit smoking since then
[11:28] {Threei}  other than that...
[11:28] {rambler} no bad habits any more....
[11:28] {Threei}  why, I have more
[11:29] {Threei}  invalidated
[11:29] {Threei}  a few very cool shots from this weekend in this series:
[11:29] {Threei}  http://photography.realitytrader.com/2011/03/things-we-walk-by.html
[11:31] {rambler} what lens did you use for the bird shots   ?
[11:31] {Threei}  amazingly, not very long... 12-60
[11:31] {Threei}  he let me come very close
[11:32] {rambler} friendly bird....
[11:32] {Threei}  lol
[11:32] {Threei}  that prey of his would obviously disagree
[11:32] {rambler} roger that.....
[11:34] {rambler} listening to the cd on stops this a.m......excellent.....
[11:35] {Threei}  it's a good program
[11:35] {Threei}  and with 2 months room membership, a steal
[11:36] {Threei}  still can't stop laughing about the guy who e-mailed me:
[11:36] {Threei}  cost of the offer is 450, cost of two months in the room is 600, can I take just one month in the room and ay 150?
[11:36] {Threei}  I answered: better yet, take no time in the room, and I will send you the materials and ay you $150
[11:36] {Threei}  pay
[11:37] {Threei}  math works {G}
[11:37] {rambler} everybody wants a deal......some people always looking for an angle.......
[11:38] {Threei}  dunno why I never heard from him again
[11:38] {rambler} I've just started the online portion......looks good
[11:39] {Threei}  and you haven't even gottent near the jewel in that crown... Taoist Trader course'
[11:40] {nemo} should call your two books and the course "The Three Treasures"
[11:40] {nemo} hehehehhehe
[11:40] {Threei}  I am not that arrogant :)
[11:40] {Threei}  wait...
[11:40] {dino} itri sm l .50 ave
[11:40] {rambler} for me possibly the most important component.....
[11:41] {Threei}  USO tripped of something
[11:42] {rambler} watched an excellent 1 hour video by Mark Douglas this weekend as well......
[11:43] {Threei}  his Trading in the Zone is great book
[11:43] {rambler} the link is on tischendorf.com.......
[11:44] {dino} good book that zone, "anything can happen"
[11:45] {dino} ndx filled
[11:46] {Threei}  tischendorf... I think he had some quote from me once
[11:47] {rambler} Vad, Linda Raschke is where I got the idea about splitting the Time and Sales into 2 columns...under 10 and over is how she does it....
[11:47] {rambler} hoew she does it I have no idea.,,,,
[11:48] {Threei}  some software allow such filter
[11:48] {Threei}  ahh, yes
[11:48] {Threei}  http://www.tischendorf.com/2010/01/16/bo-yoder-and-vadym-graifer-6-stages-of-a-trader/
[11:48] {strider} bt vod
[11:51] {rambler} IMVHO, Tischendorf one of the very best free sites I've ever found......
[11:51] {dino} vrus spike
[11:51] {rambler} great swing trade picks.....
[11:51] {Threei}  hey, anyone quoting me is good in my book
[11:52] {rambler} your in good company on that site.......
[11:52] {Threei}  I have one that beats that
[11:53] {rambler} drum roll.......
[11:53] {dino} s/p filled
[11:53] {Threei}  let me see if I have it bookmarked somewhere
[11:54] {rambler} LVS popping....
[11:54] {Threei}  ahha
[11:55] {Threei}  how about this company:
[11:55] {Threei}  http://trading-wise-words.blogspot.com/
[11:56] {dino} afop sm l .81
[11:57] {rambler} looks good.....
[11:59] {dino} the ndx moves 2% daily it seems
[11:59] {strider} fcx new low
[11:59] {rambler} Vad, do you have any videos dealing with the use of  Intelliscan......
[12:00] {Threei}  there is something in the video course
[12:00] {rambler} thanks.....
[12:00] {Threei}  not much though
[12:01] {Threei}  which aspect of using it do you have in mind?
[12:01] {rambler} well get on it.......
[12:01] {Threei}  how to configure it, how to scan?
[12:01] {Threei}  it's just a tool... there is plenty of help is available for it
[12:01] {rambler} practical stuff......
[12:02] {Threei}  I'd rather focus on trading, and leave technical stuff of scanner to its developers
[12:02] {Threei}  they do excellent job
[12:03] {rambler} just looking for an overview.....I've never used a real time scanner before.....
[12:03] {rambler} always 15 min delayed stuff
[12:03] {Threei}  it's easy part
[12:04] {Threei}  will take you one day max to get comfortable with it
[12:07] {rambler} LVS close to mid Dec support.....
[12:09] {dino} wow 15 min delay will kill you
[12:10] {rambler} works ok for breakout setups......
[12:10] {rambler} put charts on watchlist and just keep flipping thru them
[12:11] {rambler} labour intensive
[12:11] {rambler} thats why I'm here....
[12:12] {Threei}  huh
[12:12] {Threei}  I thought we were here to talk fashion trends
[12:13] {rambler} I'm a one trick pony, needing a couple more tricks.....
[12:13] {dino} keep it simple imo
[12:15] {rambler}  agree....
[12:16] {dino} out fdx .85, +.50
[12:17] {strider} that's simple
[12:17] {rambler} nice job.....
[12:17] {dino} ty
[12:20] {Threei} Short Setup: LVS  .50 break
[12:21] {Threei}  potential milk trade
[12:22] {Threei}  stop is self-explanatory
[12:23] {Threei}  1:1
[12:24] {rambler} milker....?
[12:25] {Threei}  ?
[12:26] {Threei}  1:2
[12:27] {rambler} out
06[12:27] * Threei slaps jfjf64 around a bit with a large roll of cash
06[12:27] * Threei slaps magoo around a bit with a large roll of cash
[12:31] {magoo} ):
[12:33] {rambler} Vad, are you still in LVS.....?
[12:34] {Threei}  1/4
[12:35] {Threei}  stop .51
[12:35] {rambler} so,even on a potential milk trade, 1:1, half out.......
[12:36] {rambler} 1:2, 1|4 out....
[12:36] {dino} vrus continues
[12:36] {rambler} rest to run .....
[12:36] {Threei}  more room for discretion,
[12:37] {Threei}  sometimes if it moves very stringly, I may give first half a few more room than 1:1,
[12:37] {Threei}  and with last portion main difference is:
[12:37] {Threei}  I don't trail it beyond breakeven until stock comes to the final stratch,
[12:37] {Threei}  and don't take 1:3,
[12:38] {Threei}  instead starting tightenting stop
[12:38] {Threei}  and waiting for a steep move
[12:39] {rambler} but safe to say that at 1:1, usually 1/2 out....?
[12:40] {rambler} sorry for all the dumb questions this a.m......
[12:40] {Threei}  normally, yes
[12:41] {Threei}  if I feel very strongly that it shouldn't be taken, I will comment
[12:41] {rambler} havn't had my salmon oil yet......
[12:41] {rambler} o.k.
[12:41] {Threei}  "not even taking first half at 1:1"
[12:47] {rambler} LVS heading for 42.....
[12:47] {Threei}  that's my contention
[12:47] {Threei}  1:3
[12:48] {Threei}  cleto, you here?
[12:53] {Threei}  whoosh is coming
[12:54] {Threei}  stop for the last piece is .35 now
[12:54] {Threei}  1:4
[12:54] {dino} dji filled
[12:56] {Threei}  more aggressive trailing now, to .25
[12:58] {magoo} nice day u had today vad
[12:58] {Threei}  not complaining at all
[12:58] {Threei}  one 10 cents stop
[12:59] {Threei}  what I need now is cleto withdrawing that breoccoli soup threat by means of this:
[12:59] {Threei}  http://www.realitytrader.com/vad/soupnazi.png
[13:00] {Threei}  No Soup For You!
[13:00] {Threei}  stop to .21
[13:04] {Threei}  stop to .15
[13:04] {Threei}  (US) House Democrats are preparing a bill that would extend the Build America Bond program
[13:08] {dino}  vrus crazy
[13:08] {Threei}  LVS, where do I send flowers?
[13:08] {rambler} break out 2x4.....
[13:08] {strider} send em to me.  I still can't short it.
[13:08] {Threei}  ugh
[13:08] {strider} been over a week
[13:08] {Threei}  OK, final stretch
[13:09] {Threei}  stop to .06
[13:10] {Threei}  out
[13:11] {rambler} nice one....
[13:11] {rambler} break out the bacon....
[13:13] {dino} idcc sm l .50
[13:14] {magoo} LVS looks like .60 area comin
[13:15] {jfjf64} lvs  ty
[13:17] {Threei}  :)
[13:42] {nemo} spy clear of all downtrend lines
[13:43] {nemo} first resistance .20
[13:46] {Threei}  (LB) Saadi Gaddafi: Exile for Muammar Gaddafi would spark civil war, Saif Al Islam Gaddafi has led Libya for the last four years
[13:46] {Threei}  - REMINDER from earlier today: Arab press sources are reporting that Libya's Gaddafi has begun negotiations with rebels to step down and leave the country
[13:46] {Threei}  huh?
[13:46] {Threei}  these guys are incoherent
[13:47] {jfjf64} take the $ and run
[13:47] {Threei}  Exile for Muammar Gaddafi would spark civil war?
[13:47] {Threei}  and if he stays, peace, hugs and flowers?
[13:51] {davd} its prob similar with Hussein/Iraq.  toss up as to whether general pop better off.
[13:52] {Threei}  heh... whole former USS space still tries to figure out whether they were better off under socialism or now
[13:53] {Threei}  USSR
[13:55] {Threei}  GR) Moody's: Greece has a 20% chance of a default in the next 5 years
[13:55] {Threei}  - REMINDER: Earlier today, MOODY'S CUTS GREECE SOVEREIGN RATING TO "B1" FROM "BA1" (3- NOTCH DOWNGRADE); OUTLOOK NEGATIVE
[13:55] {Threei}  I seriously would like to see how they cslculated that 20%
[13:56] {Threei}  my bet is, someone looked in the ceiling and said: what kind of number will sound like we did some due diligence, yet won'r scare the hell out of everyone
[13:57] {Threei}  folks sitting around the table started throwing in some numbers: 30%? - nah, too big, sounds scary... 14%? - nah, too optimistic
[13:57] {Threei}  20! just right
[13:57] {jfjf64} lol
[14:02] {dino} no, they threw darts at numbers on the wall
[14:04] {davd} nope, chairman's birthday date
[14:10] {kschun} hello to all! any trade going on vad?
[14:10] {nemo} what are the internals sneeze?
[14:10] {Threei}  hey ks
[14:10] {Threei}  not at the moment but you missed stellar day
[14:11] {kschun} inetrnals short, only adv minus dec begins to stabilize a little. all in all clear short.
[14:12] {kschun} thought so vad :-)
[14:14] {nemo} vielen dank
[14:21] {davd} who can say which is the best "up to the second/ traders are first to get it" new site.  i.e. which news site will make me money by being first with the news
[14:22] {davd} news
[14:22] {nemo} how many angels can you fit on the head of a pin?
[14:22] {strider} I know....ask me....ask me!
[14:22] {davd} your always right nemo - give it a shot.  re .2 broke
[14:23] {davd} ok strider you can answer
[14:23] {strider} no...I meant the answer to nemo's question
[14:23] {nemo} if spy holds tradition here, vwap is target, currently descending from .75
[14:23] {strider} you can't get a newsfeed that will make you first.
[14:24] {Threei}  looked into one I use davd?
[14:24] {davd} no 3ii, which is it?
[14:24] {strider} If there was one....owner of the newsfeed would be setting there making money trading......instead of selling not-quite-news
[14:25] {Threei}  let me find the contact e-mail
[14:25] {davd} maybe he is :D
[14:26] {Threei}  see dcc davd
[14:27] {davd} spasibo
[14:27] {Threei}  ne za chto
[14:27] {davd} no i'm not!
[14:39] {Threei}  (LB) Foreign ministers from Gulf Cooperation Council support no-fly zone over Libya
[14:39] {dino} mdas sm l .72
[14:40] {Threei}  sure... as long as someone else enforces it
[14:40] {Threei}  Euro vs US Dollar Barclays analysts revise forecasts; sees appreciation to $1.45 in a year, will fall to $1.38 in the coming month
[14:40] {Threei}  have they taken according position?
[14:41] {Threei}  IMF's Lipsky: Emerging economies are showing signs of economic overheating, big advanced economies growing too slowly to significantly reduce unemployment
[14:41] {Threei}  - Divergence in growth within the eurozone are presenting the ECB with a big challenge.
[14:41] {Threei}  - Does not see inflation expectations deteriorating withing the eurozone.
[14:41] {Threei}  - The Fed is facing a situation with several critical differences from the one faced by the ECB.
[14:41] {Threei}  - Focus of financial markets on EU debt has not receded; Amount of financial strain not sustainable in the long run.
[14:51] {strider} market needs a dose of Black Draught
[14:52] {strider} (nobody knows what that is)
[14:52] {dino} indeed
[14:52] {strider} ah.
[14:53] {jfjf64} s vrus .43
[14:53] {Threei}  can't tell whether next move is up or down
[14:53] {Threei}  feeling is down
[14:53] {jfjf64} me  too
[14:54] {nemo} both indexes holding trend
[14:54] {jfjf64} boredom  play
[14:54] {strider} bet you're not bored now.
[14:54] {jfjf64} ha ha
[14:54] {jfjf64} ouch
[14:54] {nemo} need vaseline?
[14:55] {kschun} LOL
[14:56] {strider} This is a weird day....haven't found a trade other than vad's.
[14:56] {dino} gut says up
[14:56] {strider} I must be getting better.
[14:57] {jfjf64} lvs playin  42.00 song
[14:57] {kschun} @strider: so pick the right job, in trading you ALWAYS CAN GETTING BETTER AND IMPROVE :-)
[14:58] {kschun} eeying HIG for short, horrible daily
[14:58] {kschun} but needs help from market
[14:58] {nemo} are you the exception that proves the rule sneeze?
[14:58] {strider} allergies?
[14:58] {nemo} yeah, to redneck southerners
[14:59] {strider} that's good.
[14:59] {strider} we had a Boston feller come down here once.......don't know what happened to him....never saw him anymore.
[15:00] {dino} lol
[15:00] {strider} but that barbeque sure was good.
[15:00] {davd} they go well w baked beans
[15:00] {RonS} dueling banjos
[15:01] {kschun} which execption? which rule?
[15:01] {nemo} Strider's kin
[15:01] {strider} (from the movie "Fried Greeen Tomatoes")
[15:01] {jfjf64} good movie
[15:02] {kschun} don't know it. saw on weekend "the middleman" :-)
[15:02] {Threei}  (US) JAN CONSUMER CREDIT: +5.01B V +$3.4BE (5TH STRAIGHT MONTH OF CREDIT GROWTH)- Prior revised higher to +$4.1B from +$6.1B - Total consumer credit annual rate +2.5% - Revolving credit +$B; +-6.4% annual rate (2nd straight month of growth after 25 months of contraction) - Non Revolving credit +$B; ++6.9% annual rate.
[15:02] {kschun} good stuff too !
[15:04] {jfjf64} vrus  lower here
[15:04] {jfjf64} imo
[15:05] {rambler} LVS bounce here....
[15:07] {strider} scanner mostlly green here
[15:07] {nemo} good movie
[15:08] {strider} and now.........scanner mostly red....back to sleep
[15:10] {kschun} good call rambler
[15:10] {strider} gotcha a live one there with MDAS, dino.
[15:11] {dino} lol, yeah thrilling
[15:12] {dino} you shorting vrus jf? careful...
[15:13] {jfjf64} naa
[15:13] {dino} idcc to .99
[15:13] {jfjf64} pzg  .53
[15:13] {jfjf64} long
[15:14] {dino} out idcc .03, +.53
[15:16] {dino} gut was right, +40 pts dji
[15:16] {nemo} yeah, sppy gets to vwap
[15:18] {strider} showing vwap at .77.  you, nemo?
[15:20] {kschun} M trying the 200 ma on 5 min third time today
[15:22] {nemo} yep and support at .25
[15:25] {dino} fdml
[15:25] {kschun} TSLA coming back
[15:25] {strider} l fcx .15
[15:30] {Threei}  LVS, pullback to 42 for long entry
[15:35] {nemo} .07 to vwap
[15:36] {nemo} next target would be .96 which is 50% retracement
[15:37] {strider} a mighty struggle
[15:37] {dino} itri to .85
[15:37] {kschun} GILD
[15:38] {dino} out .85, +.35, puts me in the green, sheesh, strange day
[15:38] {kschun} good job dino
[15:38] {dino} thx, got lucky
[15:39] {strider} out 1/2 fcx +.12
[15:39] {dino} gj
[15:39] {strider} bidding 1/4 .39
[15:40] {davd} i remember the crash of March 7 morning.
[15:40] {dino} meli strong today
[15:41] {dino} afop to .89
[15:41] {nemo} spyright at vwap
[15:42] {strider} out 1/4 .36 didn't get hit at .329
[15:42] {strider} .39
[15:44] {kschun} come on GILD...
[15:44] {dino} out afop .91, +.10
[15:45] {strider} stop to .25
[15:46] {Threei}  too high, LVS
[15:46] {Threei}  not liking this as an entry point
[15:48] {strider} stop to .29
[15:49] {strider} to .33
[15:50] {strider} out
[15:50] {Threei}  nice
[15:50] {strider} t'anks
[15:51] {dino} gj
[15:51] {strider} I always hate leaving that high on the table...
[15:51] {strider} .39
[15:52] {kschun} put GILD officially in the crap box
[15:52] {Threei}  you really need to stop playing immobile stocks
[15:54] {dino} ks needs the pulp plays
[15:55] {Threei}  yup
[15:55] {strider} pulp fiction
[15:55] {Threei}  instead of those under the assisted living program
[15:55] {dino} "pulp moves baby" george costanzza/seinfeld
[15:55] {rambler} Vad, is this type of action usual for LVS.....?
[15:56] {Threei}  like what?
[15:56] {rambler} been watching it close for an hour, seems quite predictable compared to most.....
[15:57] {dino} vads' atm
[15:57] {Threei}  well, there is a reason why it's on our usual suspects list for quite a few months already
[15:57] {Threei}  lol
[15:57] {Threei}  true
[15:57] {Threei}  farily obedient one most of the time
[15:58] {strider} unlike rimm....which was unusually tame this morning.
[15:59] {rambler} havn't used bollinger bands before, seem to work with this one......
[15:59] {Threei}  BBs is a beauty
[15:59] {Threei}  when you know what they are for
[16:00] {Threei}  try to use them as price movement predictor, you are in for a bitter disappointment - as qwith any tech indicator
[16:00] {Threei}  apply them right, they are great help
[16:00] {Threei}  think of it... people saying "this or that indicator doesn't work"
[16:00] {Threei}  in fact are saying:
[16:01] {Threei}  I have a hammer, gues what - it doesn;t work
[16:01] {Threei}  it didn't put any nails inthe wood
[16:01] {dino} out mdas -.01out rp .78, +.03
[16:01] {Threei}  have yo taken it in the hand and used it?
[16:01] {Threei}  no, I expect it to work by itself
[16:02] {Threei}  that's what those who say "indicator doesn't work" in fact say
[16:02] {rambler} very interesting......
[16:02] {Threei}  ok guys, thank you all
[16:02] {Threei}  have a good evening
[16:02] {Threei}  rambler, an article for yopu
[16:02] {Threei}  on this topic
[16:03] {dino} gn all, thx
[16:03] {Threei}  http://blog.realitytrader.com/2007/04/what-do-your-photocamera-frying-pan-and.html
[16:03] {Threei}  see you all tomorrow
[16:03] {rambler} thanks Vad, mostly watched today but still made a little.....
[16:03] {Threei}  cool
[16:04] {kschun} thanks all
[16:04] {rambler} Vad, do I need a code to watch the videos in the trading course?
[16:04] {Threei}  code?
[16:04] {Threei}  codec?
[16:04] {rambler} video codec
[16:05] {strider} you need a translator.
[16:05] {Threei}  what OS do you have?
[16:05] {kschun} What do your photocamera, frying pan and stochastic have in common?
[16:05] {kschun} vad article LOL
[16:05] {kschun} CLASSIC :-)
[16:06] {Threei}  some of latest Windows OS can't play these videos in Media Player. Universal solution is GOM Player which is free and can be downloaded at http://www.gomlab.com/eng/GMP_download.html
[16:06] {rambler} windows 7
[16:06] {Threei}  ok, that player should resolve it
[16:06] {rambler} thanks much, see you tomorrow....

Saturday, March 5, 2011

Mar 04 2011

Session Time: Fri Mar 04 00:00:00 2011
[08:27] {nemo} so, if the jobs report is good, new highs on the spy and iwm?
[08:36] {Threei}  US) FEB UNEMPLOYMENT RATE: 8.9% V 9.1%E (lowest since April 2009)- Feb civilian labor force Participation Rate 64.2% v 64.2% m/m
[08:36] {Threei}  (*(US) FEB CHANGE IN NONFARM PAYROLLS: 192K V 196KE; CHANGE IN PRIVATE PAYROLLS: 222K V 200KE- Change in Manufacturing Payrolls: +33K v 25Ke - Birth-Death Adjustment: +112K v -339K prior - Prior Change in Nonfarm Payrolls revised higher from +36K to +63K - Prior Change in Private Payrolls revised higher from +50K to +68K - Prior Change in Manufacturing Payrolls: revised higher from +49K to +53K
[08:37] {nemo} mmmhhhh...first arguably "good news" on which th e market has sold in a long time
[08:37] {Threei}  *(US) FEB AVG HOURLY EARNING M/M: 0.0% V 0.2%E; AVG WEEKLY HOURS: 34.2 V 34.3E
[08:38] {Threei}  seems so
[08:38] {nemo} if spy bounces at .10 and holds that'll be vwap
[09:03] {dino} gm all
[09:04] {RonS} gmorning everyone
[09:04] {Threei}  dino, ron :)
[09:07] {rambler} goodmorning
[09:07] {Threei}  rambler :)
[09:07] {dino} some value added analyst info, newcrest raises slw price target to 45
[09:07] {dino} sheesh, its at 44+
[09:09] {rambler} got the video series yesterday Vad, thank U much...
[09:09] {Threei}  wow, I thought it would be there faster
[09:10] {Threei}  distance is what, 1 h drive?
[09:10] {Threei}  goverment finds longer ways to do things, eh
[09:10] {rambler} could have arrived earlier....
[09:10] {rambler} wife usually gets the mail...
[09:11] {dino} cramer giddy again, three days ago, sell it all
[09:11] {Threei}  heh
[09:12] {larisa} gm :)
[09:13] {Threei}  larisa :)
[09:13] {larisa} vad :)
[09:22] {rambler} RIMM reiterated as sell at Goldman....
[09:22] {magoo} morning
[09:23] {Threei}  mags :)
[09:24] {RonS} gs bumped aapl target to 450 on new ipad
[09:24] {Threei}  I never understood the need in old ipad...
[09:25] {RonS} son-in-law bought one from the jump...it is pretty cool
[09:26] {RonS} he works everywhere, it is like a wristwatch to him
[09:27] {RonS} for me, freedom includes freedom from devices
[09:27] {Threei}  hehe
[09:27] {Threei}  I just don't see any advantages vs laptop,
[09:27] {Threei}  and I see plenty other way around
[09:28] {strider} 1)startup time, 2) battery life
[09:29] {strider} 3)better mobility
[09:29] {_cleto} gm
[09:30] {Threei}  cleto :)
[09:31] {rambler} GG popping
[09:32] {rambler} L:VS tanks
[09:32] {nemo} did the market open?
[09:32] {Threei}  yes
[09:32] {Threei}  yours?
[09:33] {nemo} I guess
[09:33] {nemo} jokin
[09:33] {Threei}  :)
[09:33] {_cleto} slw   downgraded
[09:37] {dino} .07 all red
[09:38] {nemo} .15 s[u [ovpt
[09:38] {nemo} spy pivot
[09:38] {Threei} Short Setup: SLW  .50 break
[09:38] {Threei}  if stays under .60
[09:39] {Threei}  .65 for day traders'
[09:39] {patience} nice pop up at the open on goldcorp
[09:40] {_cleto} sorry vad, but " if it stays under 60", that implies also the stop?
[09:41] {Threei}  yes, above .60 for scalpers, .65 fior day traders
[09:42] {Threei}  no go
[09:45] {dino} usmo sm l .00
[09:45] {_iamspartacus} slw short now?
[09:45] {_iamspartacus} invalid?
[09:46] {Threei}  first one was stopped
[09:46] {Threei}  why short now, there is no setup
[09:46] {Threei}  it's uptrending
[09:46] {_iamspartacus} ok, sorry, just misunderstood the previous coments
[09:47] {_cleto} Vad, the fact that it went over the stops, does this nullify SLW as   a short if it were to break .50 say in the next 2 minutes?
[09:47] {nemo} jdsu
[09:47] {Threei}  pretty much, yes... "invalidated" in our terminology
[09:47] {_cleto} thx
[09:48] {RonS} hdy sm l .64
[09:52] {RonS} out hdy .76 +.12
[09:58] {_cleto} vvus   dead cat bounce after news
[10:01] {dino} itri sm l .02
[10:05] {dino} usmo to b/e
[10:05] {Threei} Long Setup:  RIMM  .25 break
[10:05] {Threei}  if stays above .15
[10:05] {nemo} slw STB
[10:06] {dino} shs dt nemo?
[10:06] {magoo} SLW sheesh
[10:06] {Threei}  invalidated
[10:07] {nemo} looks like it dino, but I wouldn't do anything until it decides 40  imo
[10:07] {dino} thx
[10:07] {davd} stop dino itri?
[10:07] {dino} .69
[10:08] {dino} nptn blood
[10:08] {dino} bsqr
[10:08] {dino} mrvl
[10:11] {Threei} Long Setup:  RIMM  .10 break
[10:11] {Threei}  if stays above 67
[10:14] {RonS} oil to 104 and backing off a little
[10:15] {dino} watching meli for gap fill
[10:17] {dino} sprd oulling back
[10:18] {dino} pulling
[10:19] {Threei}  next setup
[10:20] {Threei} Long Setup:  RIMM  .05 break
[10:20] {Threei}  if stays above .95 for scalpers
[10:20] {Threei}  .90 day traders
[10:21] {Threei}  if holding here while market drills, should be a good one on market bounce
[10:21] {nemo} ?
[10:21] {Threei}  ?
[10:22] {nemo} drills
[10:22] {strider} !!
[10:22] {RonS} oil to 104.03
[10:22] {Threei}  let's modify it to semi-aggressive
[10:23] {Threei}  67 break long trigger
[10:23] {Threei}  if holding .90
[10:23] {_cleto} please what is  best  symbol to follow oil?
[10:23] {dino} trucks and suv's will be getting cheap again
[10:23] {Threei}  USO is the easiest cleto
[10:24] {_cleto} ok thx
[10:24] {dino} usmo to .31
[10:24] {_cleto} out of VVUS
[10:24] {davd} i'm going to give you some advice _cleto  if you have to ask what the best way to follow oil is - stay out until you know better
[10:25] {RonS} agreed
[10:25] {_cleto} thx but not trading it ..
[10:25] {dino} to .33 mkt drop
[10:25] {davd} watch uso for wti and dbo for brent
[10:25] {RonS} oil futures is the only real way to view it...if ese was here he could give link
[10:27] {Threei}  (CH) China Central Bank (PBoC) Gov Hu Xiaolian: Volatility in reserve currency exchange rates are creating economic disruptions- Need to diversify reserve currency system; IMF's SDR has a role to play a role in reserve assets to reflect reality of global economy
[10:27] {Threei}  - Notes that reserve currency supplies will impact commodities in a large way.
[10:27] {Threei}  - Major reserve currency countries must maintain policy dicipline.
[10:27] {Threei}  **Reminder:: On Feb 3rd French Fin Min Lagarde commented that the world needed a monetary system form to include China; Inclusion of CNY in SDR to be discussed at G20 meetings
[10:27] {RonS} oil backe off again now 103.63
[10:27] {RonS} rimm invalidated?
[10:27] {Threei}  yes, third time
[10:28] {dino} they are talking their books, don't like our exported inflation
[10:28] {Threei}  yes, and IMF fires back:
[10:28] {Threei}  (CH) IMF reiterates view that appreciation of CNY currency will help rebalance the global economy; USD to remain the dominate reserve currency in the global economy
[10:33] {dino} wtf, major slip out usmo ave .27, +.27
[10:44] {Threei}  what a weird opening
[10:44] {Threei} Short Setup: LVS  .85
[10:44] {Threei}  stop above .95
[10:45] {Threei}  target's about .60
[10:46] {Threei} Short Setup: X  56 break
[10:46] {Threei}  if stays under .10
[10:46] {Threei}  invalidated
[10:46] {Threei}  LVS stopped
[10:47] {Threei}  (GR) Greece PM Papandreou calls for the EU to create more calm in the markets; actions thus far have not done so
[10:47] {RonS} lol
[10:49] {dino} meli sm l .00, stop .69
[10:49] {dino} itri stopped -.31
[10:52] {Threei} Long Setup:  X  .15 break
[10:52] {Threei}  stop under 56
[10:53] {Threei}  target is about 1:2
[10:54] {magoo} .40 area vad imo
[10:54] {_iamspartacus} .40
[10:55] {Threei}  1:2 is around .45, so yes
[10:55] {Threei}  give or take 5 cents
[10:56] {Threei}  better give than take of course
[10:56] {ese} ahhhhhhh ...oooooouuuuuu gaaaaa.....is basically how my voice sounds......pretty much every virus on the planet inhabits my body right now
[10:56] {Threei}  hey ese
[10:56] {ese} thought i would pop in before hitting the sack again
[10:56] {Threei}  so, you feel ready to try traditional russian methods?
[10:56] {ese} definitely
[10:56] {Threei}  warning: not for faint hearts
[10:57] {ese} lol
[10:57] {Threei}  involves black pepper and paprika diluted in vodka
[10:57] {ese} really
[10:57] {ese} inject with a hypodermic
[10:58] {dino} get well es
[10:58] {ese} anybody filthy stinking rich yet by the way?
[10:58] {Threei}  but worry not, everything loooks much better after you eat jalapeno, to have some food with your healing drink
[10:58] {larisa} if it is virus, it is useless. if it cold, it will help
[10:59] {ese} sounds like part of this cure is sitting on the can for bit...........yes
[10:59] {larisa} but threei uses vodka to treat anyhing :)
[10:59] {Threei}  but larisa
[10:59] {ese} have no idea what it is laris.....
[11:00] {Threei}  it helps with virus too - it renders you unconscious while your bdy fights it, so you just wake up to find yourself healthy
[11:00] {ese} lol
[11:00] {larisa} if you wake up
[11:00] {strider} nothing more fun than being unconscious
06[11:00] * Threei hits X in the rear
[11:01] {RonS} oh boy...true reaissance man...he's a doctor too
[11:01] {Threei}  yes, and if not - what do you care whether you healed or not?? :)
[11:01] {RonS} renaissance
[11:01] {Threei}  lol ron
[11:01] {ese} modern science needccs to hear about this........replace the anesthetic
[11:02] {Threei}  first half is ready for sale on X
[11:04] {ese} now that i think about it.....vads cure is legit.......i think he did the required
[11:04] {ese} FDA trials on nemo in the Bahamas
[11:04] {ese} 3 of them
[11:05] {dino} rinses driving me crazy, itri
[11:06] {RonS} ese, what do you think of that Praful dude?
[11:06] {Threei}  it is legit ese... it also shiortens one's life which is good for single-payer based health care system
[11:06] {dino} think it was cuba
[11:06] {ese} huh.......praful?
[11:06] {ese} lol
[11:06] {RonS} ...listen to Moon Glide
[11:08] {Threei}  no news for this market selling
[11:08] {Threei}  some jawboning from EU but nothing earthshaking
[11:08] {ese} will do ron if i remember........am outta here all.....make a great trading day eh ....cya monday
[11:08] {_iamspartacus} oil
[11:09] {larisa} bye ese get well
[11:09] {ese} tks
[11:09] {dino} cya es
[11:09] {Threei}  take care ese, see you monday
[11:12] {dino} bsqr sm l .06
[11:14] {RonS} got itri v sm l .62 to .94  thanks for the idea dino
[11:15] {dino} gj ron, beats me at my own game
[11:15] {RonS} rarely
[11:16] {dino} bsqr stop is lod
[11:17] {Threei}  1:1, half out
[11:18] {Threei}  scalpers are out
[11:18] {Threei}  like pulling tooth
[11:19] {Threei}  readers of the Taoist Trader course, rremember the chapoter where we discussed changes in interrelationship between sectors
[11:19] {Threei}  how oil and market used to moive in opposite directions, then oil started following market
[11:19] {Threei}  you can see this change taking place now again
[11:20] {Threei}  market percieves rising oil as a treat once again, so it moves inversely
[11:20] {Threei}  stop for the balance is under .10
[11:20] {dino} i remember
[11:23] {Threei} Long Setup:  LVS  .90 break
[11:23] {dino} ups gap fill
[11:23] {Threei}  aggressive entry for 44 break
[11:24] {Threei}  stop/invalidating level is clear, right?
[11:24] {Threei}  X, scalpers win
[11:25] {magoo} loss .80 invalid?
[11:25] {magoo} or .85 i guess
06[11:25] * Threei slaps magoo around a bit with a large Book of The Obvious
[11:26] {Threei}  invalidated
[11:27] {Threei}  but if consolidates for a while, may reestablish
[11:29] {magoo} was it .80 or .85 because it was aggressive entry on 44, so im thinking maybe .85?
[11:30] {Threei}  .80
[11:31] {Threei}  5 cents is way too tight for LVS
[11:31] {Threei}  OK... looks like reestablished
[11:31] {Threei}  wow
[11:32] {Threei}  what's with SPY volatility
[11:33] {Threei}  British Petroleum plc US Dept of Interior discloses safety investigation results on Atlantis platform; allegations that BP made false submissions are unfounded
[11:33] {Threei}  - Major of allegations over the Atlantis platform have been found to be unfounded; report did find issues related to organization of engineered drawings
[11:33] {Threei}  - Proposes no civil penalties for BP
[11:33] {Threei}  - Note: This platform was suggested by many media outlets (60 mins) as perhaps having similar issues to the Macondo oil incident (Deepwater Horizon)
[11:35] {strider} sh fcx .12
[11:37] {dino} bsqr to .99 things stuck
[11:37] {strider} you in lvs, vad?
[11:38] {RonS} lvs l at .80 but i have no idea for target
[11:38] {dino} twgp sm l .85
[11:38] {strider} break was .90
[11:39] {Threei}  no strider
[11:39] {RonS} scalps only today?
[11:39] {Threei}  but it tagged .78 again prior to break
[11:39] {dino} twgp stop lod
[11:39] {Threei}  so it became kind of discretionary
[11:39] {Threei}  looks encouraging so far
[11:39] {Threei}  but action is weird
[11:39] {RonS} yes
[11:39] {Threei}  Ron, just manage it
[11:40] {Threei}  sell half around here
[11:40] {strider} stop fcx -})*
[11:40] {strider} -.08
[11:40] {Threei}  and see if it gives you that break
[11:41] {RonS} 1/2 out .96
[11:48] {dino} sprd sm l .75
[11:48] {dino} stop .49
[11:52] {dino} meli to .41
[11:54] {dino} to .47
[11:55] {dino} f'ng slips, out ave .41, +.41 meli
[11:56] {Threei}  BRKR
[11:56] {Threei}  two-sided setup, half lot
[11:56] {Threei}  19.90 - 20
[11:57] {Threei}  sorry, 19.90 -.95
[12:02] {RonS} out lvs 1/2 b/e
[12:03] {Threei}  let's change it to full lot
[12:03] {strider} 10 cent stops?
[12:03] {Threei}  why?
[12:03] {Threei}  5 cents range
[12:05] {dino} sprd to .79, mkt drop
[12:05] {strider} with 2-3 cent spread at times, a net +.04 reward doesn't look so hot to me
[12:06] {Threei}  aiming for 1:2
[12:06] {Threei}  but if you don't like the trade, you don't take it
[12:06] {RonS} i put in oder to s at break at .89 only got 100 at .90
[12:06] {Threei}  simple as that
[12:08] {strider} I was trying to understand the trade....sorry I'm such a dunce.
[12:08] {dino} no sorries here
[12:12] {RonS} oil up again 104.15
[12:12] {dino} out sprd .05, +.30
[12:13] {RonS} gj
[12:13] {dino} lol, real biker dating on my mibbit
[12:13] {dino} ty ron
[12:13] {RonS} 10 speed
[12:14] {RonS} ?
[12:14] {dino} brb
[12:14] {RonS} Vespa?
[12:15] {nemo} mon short break .60?
[12:16] {Threei}  lost quotes
[12:17] {strider} ok here
[12:17] {Threei}  where is BRKR pls?
[12:17] {strider} 78-79
[12:17] {larisa} 19.77-79
[12:17] {Threei}  cool, i am out then
[12:17] {Threei}  ty
[12:22] {Threei}  something on my side
[12:22] {dino} gaps 12066, 2326, 1308
[12:22] {dino} dji is going to fill
[12:23] {strider} cover APC short +.20
[12:23] {strider} too quick to post
[12:23] {dino} gj
[12:23] {strider} thx
[12:25] {Threei}  some kind of routing issue with my ISP
[12:26] {Threei}  some sites load normally, some are unreachable
[12:27] {dino} having some chart trouble here
[12:27] {Threei}  customer support gal, laughing: can't believe it, normal problems like customer not knowing how to reset their routers phone on someone's shift but real problems like yours are always happen on minehis
[12:28] {dino} fdx gap around 87.35
[12:28] {RonS} rimm rout
[12:28] {strider} was just looking at fdx dino
[12:29] {dino} great minds think alike
[12:29] {strider} reckon?
[12:29] {dino} hope, lol
[12:31] {strider} i might short around .18 if it gets there
[12:31] {strider} nope
[12:32] {dino} itri sm l .65
[12:32] {Threei}  uh oh
[12:32] {Threei}  *(SP) FITCH REVISES SPAIN OUTLOOK TO NEGATIVE
[12:33] {dino} shocking
[12:33] {Threei}  market reacts?
[12:34] {larisa} in a positive way :)
[12:35] {Threei}  Fitch: "The potential for an intensification of volatility and stress in European financial markets if a credible and comprehensive response to the 'Eurozone crisis' is not articulated by the EU Heads of State at their Summit on 24-25 March. "In many respects, Spain has exceeded expectations in terms of fiscal consolidation and structural reform, notably with respect to state pensions and the labour market. However, the Negative Outlook reflects the downside risks to Spain's sovereign credit profile from a weak economic recovery, banking sector restructuring and fiscal consolidation, especially by regional governments"
[12:35] {Threei}  they didn't change AA+ rating
[12:35] {Threei}  so market is not too worried
[12:39] {RonS} slw 45 break l ?
[12:40] {Threei}  ask someone with quotes... :)
[12:41] {RonS} "my kingdom for a horse"  shakespeare
[12:42] {dino} you need any quotes vad?
[12:42] {nemo} too bad Les wasn't here, at least you'd have one end
[12:42] {dino} lol
[12:42] {RonS} hehe
[12:42] {rambler} bought PNM   14.64  swing.....
[12:42] {Threei}  thanks dino, no open positions, so I am good
[12:42] {Threei}  just can't answer any questions until they restore my route
[12:43] {RonS} sounds like a ups guy...
[12:43] {dino} lol
[12:43] {Threei}  lol
[12:43] {dino} was just looking at ups
[12:44] {dino} sm l .90
[12:47] {rambler} Bought TNDM...17.18....swing....
[12:57] {dino}   .
[12:58] {RonS} usmo sm l .15
[13:03] {strider} l fcx .87
[13:11] {Threei}  while quotes get retsored:
[13:11] {Threei}  http://photography.realitytrader.com/2011/03/magnificent-bird.html
[13:12] {strider} stop fcx -.11
[13:15] {larisa} nice pictures :)
[13:16] {Threei}  ty
[13:16] {RonS} slw 1:3.5
[13:16] {Threei}  you are complicated man Ron
[13:16] {RonS} ese would have said 3.5128654
[13:17] {Threei}  but thank you for staying away from 7/16 or 17/32
[13:17] {nemo} not too mention x/128ths
[13:17] {Threei}  although now that I said that... I kind of miss market trading in fractions
[13:17] {RonS} oil re-testing hod 104.30
[13:25] {nemo} wow, slw
[13:26] {strider} sh fcx .75
[13:32] {dino} bsqr to .17
[13:34] {dino} out bsqr +.11
[13:35] {rambler} Vad, check your email...sent you a wolf picture.....
[13:38] {Threei}  not here yet
[13:39] {rambler} I''ll try again.....
[13:46] {Threei}  mibbit hiccup?
[13:46] {Threei}  or route again
[13:46] {rambler} check now......
[13:47] {rambler} I sent it to info@realitytraders.com
[13:47] {Threei}  here it is'
[13:47] {Threei}  nice!
[13:48] {rambler} don't often catch a wolf in the water......
[13:49] {Threei}  never saw it before
[13:49] {rambler} post it here if you like....
[13:49] {Threei}  hacing troubles reaching my own site, lol
[13:49] {Threei}  having
[13:51] {dino} just got booted
[13:52] {Threei}  yeah, some route problems
[13:52] {Threei}  I am not the only one affected it seems
[13:53] {nemo} jdsu might be interesting HOD break
[13:53] {Threei}  Nissan Motor Co Ltd Reports Feb North America market share at 9.3% (company record)
[13:53] {Threei}  - These market share gains add to the company's continued string of U.S. market share advances, including a gain of 0.4 percentage points in 2010 calendar year when NNA placed amongst the top three fastest growing automotive manufacturers in the U.S.
[13:53] {Threei}  glad to see that... I like Nissan
[13:53] {Threei}  and do my part helping their market share {G}
[14:06] {rambler} anybody home....
[14:06] {dino} .
[14:06] {RonS} no
[14:06] {strider} cover fcx +.20
[14:06] {Threei}  i am back up
[14:07] {strider} TOO MUCH INFORMATION
[14:07] {dino} gj strider
[14:07] {strider} thx
[14:07] {kschun} are you in a trade right now vad?
[14:07] {kschun} hello to all besides :-)
[14:07] {nemo} system is down
[14:07] {Threei}  no, just got my quotes back
[14:07] {kschun} ah o.k. thanks
[14:07] {strider} oh, sorry. misunderstood
[14:08] {Threei}  market looks breakdownish
[14:08] {Threei}  X
[14:08] {Threei} Short Setup: X  .50 break
[14:08] {Threei}  milks trade
[14:10] {_iamspartacus} oil going to new highs
[14:10] {Threei}  wit any market help, 1:4 at least and quite possibly more
[14:10] {dino} ups stopped -.21
[14:11] {RonS} oil hod 104.50
[14:11] {kschun} stop?
[14:11] {Threei}  ah come on
[14:11] {Threei}  above .60 of course
[14:14] {rambler} come on baby...drop your drawers....
[14:14] {Threei}  must be friday...
[14:15] {rambler} thank god...
[14:15] {dino} sheesh that ups stop was lod
[14:16] {Threei}  don't you hate when it happens
[14:16] {nemo} nah, it's going lower
[14:16] {RonS} bullseye
[14:16] {Threei}  is it time for violence yet?
[14:16] {dino} always
[14:16] {kschun} beat it man!
[14:16] {Threei}  in nemo's eyes, silly question... any time is good time for violence {G}
06[14:17] * Threei hits X over the head with 2x4 equipped with rusty nails
[14:17] {kschun} nemo is right :-)
[14:18] {rambler} this could be a good one Vad...
[14:18] {Threei}  need little market help
[14:18] {Threei}  but chart is a beauty
[14:18] {RonS} ...and volume sucks right now
[14:19] {Threei}  nothing but ait for about 50 cents below
[14:19] {Threei}  air
[14:19] {rambler} thats how it looks to me...
06[14:20] * Threei starts mixing cement for X shoes
[14:20] {kschun} agree, just don't know if market really will help us here at this point
[14:20] {kschun} looks so but not sure
[14:20] {Threei}  no one is ever sure, or at least shoulnd't be
[14:21] {Threei}  you just take setup and wait for the market to tell you what it is, win or loss
[14:21] {Threei}  take either with no elation or frustration and move to the next one
06[14:22] * Threei puts cement shoes on X's feet
[14:23] {Threei}  (GE) Germany Chancellor Merkel: Considering adjustment of the needs of debt nations; reiterates must increase coordination among EMU members
[14:24] {kschun} what was that?
[14:25] {nemo} damn forgot about jdsu above .15
[14:26] {dino} idcc sm l .00
[14:28] {rambler} crap....
[14:28] {Threei}  oh well
[14:29] {rambler} back to reading.......
[14:29] {kschun} this print about 21K shares at .70 started this...
[14:29] {kschun} made people nervous
[14:38] {strider} RIMM news
[14:38] {Threei}  RIMM Chief marketing officer resigns from RIMM citing personal reasons, to remain for six months as an advisor during the transition period - financial press
[14:39] {dino} yoku spike
[14:40] {nemo} sina
[14:40] {nemo} shit
[14:40] {Threei}  after long silence nemo decided to contribute
[14:41] {nemo} hey...I called jdsu above .15 long time ago
[14:41] {strider} could you bag that to go, nemo?
[14:41] {Threei}  and valuable contribution it was {G}
[14:41] {nemo} but I was paying attention to an X SHORT, when it broke!!!
[14:42] {nemo} under normal circumstances, one would think spy would like to retest 132.10 and then the .40 area
[14:42] {kschun} longs may become more interesting at this point
[14:43] {nemo} recent normal
[14:43] {kschun} ADD MINUS DEC did turn. TRIN AND UP-VOL STILL SHORT
[14:44] {kschun} some volume- price divergence in SPY + TICK divergence at low before
[14:45] {nemo} WTF does that mean in English sneeze?
[14:45] {kschun} WTF ?
[14:45] {rambler} lol
[14:45] {Threei}  Why The Failure
[14:46] {nemo} IWM volume
[14:46] {rambler} full moon soon....
[14:46] {nemo} wtf Vad?
[14:49] {Threei}  I have this feeling, X iks going to frutrate us by working now, LOL
[14:49] {RonS} out usmo +.01 not enough time and volume
[14:50] {nemo} wow...paypal invited me to an "exclusive" boutique sale
[14:50] {nemo} yeah, me and 750 million other people
[14:50] {dino} crr spikey
[14:51] {rambler} ITMN a thing of beauty today....
[14:51] {kschun} trying some VSEA
[14:53] {kschun} semis relatively strong today
[14:54] {dino} trying a few yuelings in hour or so
[14:56] {kschun} yuelings? - I really have to take some lessons ins english... :-(
[14:56] {dino} americas oldest brewery
[14:57] {kschun} ah - thanks :-)
[14:57] {larisa} also famouse chinese  athlete :)
[14:57] {larisa} not sure who dino is trying :)
[14:57] {Threei}  rofl
[14:57] {RonS} ouch
[14:57] {dino} beer larisa, beer
[14:57] {larisa} :)
[14:58] {dino} maybe w/a hamburger
[14:58] {kschun} TICK broke out of triangel
[14:58] {kschun} definitely prefering longs at this point
[14:58] {nemo} spy gets by .10 I think .40 area
[14:59] {larisa} 1 hour for market to get green. betting 1 yueling
[14:59] {kschun} :-)
[15:00] {dino} you're on
[15:00] {Threei}  wtd
[15:00] {Threei}  (what the deuce)
[15:00] {nemo} what?
[15:00] {dino} stewie
[15:00] {Threei}  look at the market
[15:00] {nemo} yeah, what I say before?
[15:01] {dino} sneeze called it
[15:01] {nemo} [14:44] {nemo} under normal circumstances, one would think spy would like to retest 132.10 and then the .40 area
[15:01] {dino} what is normal lately
[15:01] {nemo} I beg to differ
[15:02] {nemo} sneeze put in his two euros worth after I commented
[15:02] {dino} touchy, lol
[15:03] {nemo} .21 and .40 area are multi-time frame pivot levels
[15:03] {nemo} .40 is where vwap and the 38.2 retracement from yesterday's high resides
[15:05] {dino} idcc to .15
[15:05] {nemo} http://www.freestockcharts.com?emailChartID=9683e01b-b015-4154-83ac-6f7ae3b5252d
[15:07] {dino} to .20
[15:07] {dino} out +.20
[15:08] {kschun} out all VSEA
[15:08] {nemo} we gonna' have to go without milk today vad?
[15:08] {kschun} still looks god, but just don't trust this market.
[15:08] {kschun} it's is friday...
[15:08] {kschun} however VSEA still looking very good
[15:08] {kschun} at breakout level
[15:09] {Threei}  I don't se anything convincing at the moment
[15:09] {kschun} volume expending with price advance
[15:09] {Threei}  jelyfishy day
[15:11] {RonS} ...but kschun says internals a schwartzeneggarian
[15:11] {RonS} are
[15:11] {kschun} internals just said to prefer shorts for the hole day
[15:11] {dino} random dancing
[15:11] {kschun} since market opened
[15:11] {kschun} nothing "random dancing" my friend
[15:12] {kschun} before there was first sign of diverengences
[15:12] {kschun} but before this divergences it was just SHORT
[15:13] {dino} wow!
[15:13] {dino} i subscribe to "anything can happen at any time"
[15:13] {_iamspartacus} moon is aligning with uranus, could be interesting
[15:14] {dino} coo spike
[15:14] {Threei}  but iam... make sure you consider the direction bats fly at moonlit night abiove the main intersection
[15:17] {dino} out twgp -.06 all day
[15:17] {RonS} funny, i always see that when i get mooned...
[15:18] {nemo} wow...futures 104.73
[15:18] {nemo} oil
[15:20] {kschun} funny: yesterday's best setctors industrials + financials ware the weakest today
[15:20] {kschun} are
[15:24] {nemo} 104.85
[15:27] {nemo} looks like they'll get it to 105
[15:31] {RonS} x lod
[15:33] {Threei}  worked after all, eh
[15:33] {Threei}  unreadable
[15:34] {larisa} ok, i tried to cheer up this market. 1 yueling was not enough
[15:34] {Threei}  lol
[15:35] {Threei}  yelling must be louder
[15:35] {strider} hmmm..thought you were yodeling.
[15:35] {strider} that should work
[15:36] {kschun} X really weak, even kind fill out the intraday "gap down"
[15:36] {RonS} and here i have been yokeling...
[15:36] {strider} well, that's what yokels do.
[15:37] {RonS} true 'dat
[15:37] {nemo} vrtx new highs
[15:38] {nemo} see if we get a little short covering
[15:42] {kschun} nice osbervatrion nemo
[15:42] {nemo} only makes sense, but not all that much yet
[15:44] {dino} booted again
[15:48] {kschun} o.k. guys I am out. little loss for today. great start. then one revenge trade. then some well-managed trades but did not really help. acceptable little loss for market action like this
[15:48] {nemo} vwap now at .36
[15:49] {kschun} but still much to learn in psychological paterns + self controll
[15:49] {Threei}  that's fine ks
[15:49] {Threei}  can't win them all
[15:49] {kschun} vad's link from last week was great, exactly desbribing my acting in some situatons
[15:49] {Threei}  nor should try
[15:49] {dino} half out itri .85, +.25
[15:50] {kschun} exactly that is often my problem. not accepting flat days and then turning them into lossing days due to want have a winning day...
[15:50] {rambler} Dino, do you use Intelliscan for your setups....?
[15:50] {kschun} funny, but becoming better.
[15:50] {Threei}  one word for you, ks
[15:50] {Threei}  Taoist Trader Course
[15:50] {dino} no, cyber provides scanner
[15:51] {Threei}  oh well, that's three words
[15:51] {kschun} 3 words :-)
[15:51] {kschun} LOL
[15:51] {nemo} IWM retraced 50% and is at vwap
[15:51] {rambler} thanks
[15:51] {nemo} who stuck a hot poker up fcx's ass?
[15:51] {Threei}  think of it this way ks
[15:51] {kschun} continous improvement is the only thing that counts. if looking back toady two months and seeing improvmenet in my trading
[15:51] {kschun} so more or less I did my homework
[15:52] {Threei}  your undrminings at this point are not in your technique
[15:52] {dino} rambler, my scanners are basic; top gainers/top losers, .07 increments, new highs/lows
[15:52] {Threei}  that's the easiest part
[15:52] {Threei}  it's your actions, dictated by your mind, both conscious and subconscious
[15:52] {nemo} .40
[15:52] {rambler} they seem to be working for you.....
[15:52] {Threei}  putting this paret in order is what that course is about
[15:53] {nemo} "paret"?
[15:53] {Threei}  part
[15:53] {nemo} part?
[15:53] {Threei}  how to think,
[15:53] {Threei}  how to translate yor thinking ina ctions,
[15:53] {nemo} sorry my 3ish a bit rusty
[15:53] {Threei}  how others think,
[15:53] {Threei}  hor to utilize their thinking
[15:53] {Threei}  etc
[15:54] {Threei}  OK guys, thank you all, let's finish the week on this,
[15:54] {Threei}  have a reat weekend, see you all next Monday
[15:54] {strider} thanks, vad.
[15:54] {strider} see ya.
[15:54] {strider} Monday
[15:54] {rambler} cya Vad
[15:54] {kschun} thanks vad, you often put the mirror in front of me. great help!
[15:54] {kschun} thanks man!
[15:54] {kschun} thanks all and great weekend!
[15:54] {Threei}  I do that to avoid looking into it myself
[15:54] {dino} out remainder itri, +.35 at .95
[15:55] {nemo} vad....
[15:55] {nemo} you don't reflect
[15:55] {strider} hmmmm........
[15:55] {rambler} I'll be immersed in your course this weekend....let it rain and blow.....
[15:55] {Threei}  that's why... scare myself each time :)
[15:55] {kschun} can't watch X, got out on 1:1, would have aboout 1:5 now...
[15:55] {kschun} LOL
[15:55] {dino} rambler, yes, i am best when i keep it simple
[15:55] {strider} avtually, he can, nemo.   Just chooses not to.
[15:55] {kschun} I really have to become better in holding the last 1/4...
[15:55] {rambler} just like life.....
[15:56] {dino} yeah, right, lol
[15:56] {rambler} have a great weekend all.......cheers
[15:56] {larisa} 4 min to go green and make dino pay
[15:56] {kschun} o.k. thanks guys, you are all great! thank you so much for this chat, making learning steps much more easier + faster
[15:56] {kschun} great weekend!
[15:57] {dino} thx all, good time, take care
[15:57] {dino} lari, not today my friend
[15:57] {larisa} ok! you drink it then and have a good evening :)
[15:57] {strider} PARIS (AFP)  Mankind may have unleashed the sixth known mass extinction in Earth's history, according to a paper released by the science journal Nature.
[15:58] {dino} will do, thx
[15:58] {strider} A spokesman said that this extinction is scheduled to begin in Victoria, BC.
[16:00] {dino} think that was stick
[16:00] {dino} stink
[16:00] {nemo} still alot of volume on the indexes
[16:01] {nemo} this isn't much we retraced 60% of IWM and almost 50% of spy, so we're just off the all time highs