Thursday, June 23, 2011

Jun 23 2011

The twists and turns of a trading day... We started with nice win, proceeded with three stops and activity died, so it looked for a while like it was going to end up as losing day. At 13:16 I formulated the strategy from then on (see the comment), and we had to wait till 15:00 for our moment. 2 quick trades for 40 and 30 cents decisively turned day into very nice profitable one. Oh, and see the discussion from 13:57 on the role of inactivity in trading (Taoist Trader course readers know this and many more applications of the Wu Wei principle).

Session Time: Thu Jun 23 00:00:00 2011
[08:51] {RonS} gm...IEA Calls "Urgent" Press Conference In Paris For 1300 GMT
[08:52] {RonS} so, what time is that?
[08:52] {nemo} 1 pm there 8 am here
[08:52] {nemo} or 7 am
[08:53] {nemo} daylight savings time always gets me screwed up
[08:54] {davd} world coming to an end this morning?
[08:57] {patience} seems so
[08:58] {Threei}  Good morning
[09:00] {patience} good morning Vad
[09:03] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 429K V 415KE; CONTINUING CLAIMS: 3.697M V 3.67ME
[09:03] {Threei}  - Prior Initial Jobless Claims revised higher from 414K to 420K
[09:03] {Threei}  - Prior Continuing Claims revised higher from 3.675M to 3.698M
[09:04] {Threei}  (GR) Sweden PM Reinfeldt: Sweden will not offer bilateral loans to Greece
[09:04] {Threei}  (GR) Germany Chancellor Merkel and French President Sarkozy to separately hold Greek crisis talks later today in Brussels at the EU Summit
[09:04] {RonS} ...only forward pass loans then?
[09:05] {Threei}  IEA calls for an urgent press conference scheduled for 13:00 GMT (09:00 ET)- Does not comment on reason for conference
[09:05] {Threei}  **Reminder: On June 22nd, the Saudis said there is no oil supply gap and warned that any release of oil from strategic reserves would be aimed at seeking to control prices. Also note that France Energy Min Besson said that new plans have been formulated for the refining industry aimed at guaranteeing supplies. On June 15th, IEA Chief Economist said monitoring whether to release strategic reserves on a daily basis.
[09:08] {Threei}  *IEA ANNOUNCES TO RELEASE OF STRATEGIC OIL INVENTORIES
[09:10] {ese} gm
[09:10] {Threei}  ese :)
[09:12] {RonS} IEA: 60 Million Barrels Will Be Released From Strategic Reserves
[09:13] {Threei}  so they go ahead with that swap?
[09:14] {RonS} dunno
[09:15] {Threei}  - Notes that release of crude stocks to bridge production gaps stemming from Libya crisis, says 132M bbls of production have been lost due to Libya disruption.
[09:15] {Threei}  - IEA believes that the impact of the supply disruption has been worse for developing economies.
[09:15] {Threei}  - 2M bpd will be available over the next month.
[09:16] {nemo} whooopie
[09:16] {larisa} gm :)
[09:16] {Threei}  larisa :)
[09:16] {ese} what was the result of the greek parliment vote on the austerity measures?  Or is that today?
[09:16] {Threei}  that was vote on govt confidence
[09:17] {ese} tks......
[09:17] {Threei}  govt survived it, not enough opposition votes
[09:17] {ese} to poor to drive or take the bus to get there?
[09:17] {Threei}  lol
[09:20] {dino} gm all
[09:20] {RonS} dino, whr -$2 pre
[09:20] {Threei}  dino :)
[09:23] {RonS} interesting...eem looking to open breaking support
[09:24] {davd} eem is ex-div so factor that into the number
[09:24] {RonS} good point and also over my head
[09:24] {RonS} :)
[09:25] {davd} consider it actally at 45.4
[09:25] {nemo} find out what the dividend is and add it to the current price to find out actually how much of the drop was as a result of the dividend payout
[09:26] {nemo} speaking of the Bernank
[09:26] {Threei}  oh, that was what I was doing wrong
[09:26] {samire} gm
[09:26] {Threei}  I was dividing the price by dividend
[09:26] {nemo} Treasury auctions could get really interesting after QEII ends
[09:26] {Threei}  samire :)
[09:27] {Threei}  or adding diviodend at the end of the price
[09:27] {RonS} lol
[09:27] {Threei}  thinking that dividend means either divide or end
[09:27] {RonS} rotflol
[09:27] {Threei}  it sure gave me very strange results
[09:27] {dino} end i believe :D
[09:27] {Threei}  :)
[09:28] {gen} gm :)
[09:28] {Threei}  gen :)
[09:28] {jfjf64} yello
[09:28] {Threei}  jf :)
[09:28] {gen} :)
[09:28] {Threei}  heck... jf, you missed out TZA play yesterday at the eod??
[09:28] {jfjf64} nice  trade  yest  in  afternoon
[09:28] {jfjf64} lol
[09:28] {Threei}  hit of the day, 60 cents run...
[09:28] {Threei}  :(
[09:28] {jfjf64} was typing
[09:28] {jfjf64} lol
[09:29] {jfjf64} grr
[09:29] {Threei}  ok...
[09:29] {Threei}  SLW short is first idea
[09:29] {Threei}  no trigger yet
[09:30] {Threei}  RIMM briken the floot before I could start typing
[09:31] {Threei} Short Setup: SLW  .85
[09:31] {Threei}  if stays under 32
[09:32] {Threei}  half out
[09:32] {dino} pretty quick -150 pts
[09:32] {Threei}  stop to .91
[09:32] {Threei}  scalpers are out
[09:33] {Threei}  1/4 more out
[09:33] {Threei}  .62
[09:33] {jfjf64} scalper
[09:33] {jfjf64} /
[09:33] {jfjf64} lol
[09:33] {jfjf64} tyty
[09:33] {Threei}  me no stinkin' scalper
[09:33] {Threei}  stop to .81
[09:34] {nemo} fccx
[09:34] {jfjf64} take  offence
[09:34] {Threei}  I take severe umbrage
[09:34] {Threei}  (nemo, quick, why no one asked... what's umbrage? what did I just take?)
[09:34] {jfjf64} i took .22 cents
[09:34] {jfjf64} lol
[09:34] {Threei}  why = while
[09:35] {nemo} oy vay
[09:35] {Threei}  RIMM
[09:35] {Threei} Short Setup: RIMM  .50 break
[09:35] {jfjf64} ??
[09:36] {Threei}  oops
[09:36] {Threei}  FCX
[09:36] {Threei}  crap
[09:36] {Threei}  too many stocks
[09:36] {Threei} Short Setup: FCX  .50 break
[09:36] {jfjf64} crap
[09:36] {Threei}  still valid
[09:36] {dino} nuva sm l .05
[09:37] {Threei}  invalidated but not off radar
[09:37] {Threei}  SLW, second short is coming soon
[09:37] {Threei}  FCX is valid again
[09:38] {jfjf64} in
[09:38] {Threei}  aggressive entry was the best
[09:38] {nemo} missed that was fast
[09:38] {Threei}  thought of .60 but it happened a bit fast
[09:41] {Threei}  no go
[09:42] {Threei}  rinse
[09:42] {Threei}  dirty scoundrel
[09:44] {dino} emr sm l .60
[09:48] {Threei} Long Setup:  X  .90 break
[09:48] {RonS} took whr .28 to .82  thanks dino for the idea yesterday
[09:49] {Threei}  if loses .80, look for another entry near .70
[09:50] {dino} gj ron
[09:51] {jfjf64} bbby
[09:52] {jfjf64} couldnt find  entry
[09:53] {RonS} oil near 90
[09:53] {samire} what is our stop on X
[09:54] {Threei}  under .80
[09:54] {Threei}  never triggered
[09:54] {jfjf64} gr bbby
[09:54] {Threei}  invalidated
[09:54] {dino} dji gap 11859
[09:55] {RonS} es fute order flow looking terrible...took -.04 emr
[09:55] {Threei}  watching for double bottom bounce from around .70 now
[09:56] {jfjf64} ??
[09:56] {jfjf64} sorry
[09:56] {jfjf64} what ya  watchin
[09:56] {samire} i had .90 stp and it triggered
[09:56] {samire} on X
[09:57] {Threei}  .90 BREAK
[09:57] {Threei}  it never broke it
[09:57] {Threei}  no single print above .90
[09:57] {RonS} out LLL s 86.35 from yest 84.00  +2.35
[09:57] {Threei}  09:48] {Threei} Long Setup: X .90 break
[09:58] {davd} x never broke .9
[09:58] {dino} scs sm l .35
[09:58] {samire} should set as .91 stp  ?
[09:58] {samire} or .90 stp
[09:58] {Threei}  samire, idea of these setups is entry on the break of resistance (or support for short)
[09:59] {Threei}  if there is no break, setup is not triggered
[09:59] {RonS} it has to break samire and then enter at your discretion
[09:59] {Threei}  you may want to take aggressive entry, before the actual break, but .90 is not the right price to do that
[09:59] {nemo} new home sales
[10:00] {Threei}  good number
[10:00] {Threei}  319 vs 310E
[10:00] {RonS} x is squirrely...i go for a pull back for instance at .88
[10:00] {Threei}  Senior White House official: first consultation on oil situation was on April 26th, IEA release was justified due to supply disruption from Libya - CNBC Liesman
[10:00] {Threei}  - Saw supply disruption as larger than that of Hurricane Katrina, the last time the oil was released
[10:03] {dino} sm l lzb .50
[10:05] {Threei} Long Setup:  FCX  .60 break
[10:07] {Threei}  sheesh X
[10:08] {jfjf64} violence
[10:09] {jfjf64} 2x4 please
[10:10] {Threei}  having gotten to bed at 1:30 am, I can't even lift
[10:11] {Threei}  2x2
[10:11] {Threei}  not speaking of 2x4
[10:11] {dino} emr to .95
[10:11] {Threei}  (GR) EU official: Discussions with bondholders will take place on an individual country basis, want to avoid risks of default through any decentralization
[10:12] {ese} nice one with emr dino
[10:13] {dino} ty, to .05
[10:14] {RonS} fcx sucks...done w/ it
[10:14] {Threei}  yeah
[10:14] {samire} stopped out
[10:14] {Threei}  3 cents to 1:1
[10:16] {dino} to .15 emr
[10:18] {ese} am kickin myself.....was going to follow you in emr dino but got distracted
[10:18] {dino} out .15, +.55 emr
[10:18] {RonS} gj
[10:18] {ese} nice
[10:18] {dino} ty
[10:20] {dino} tzoo spike
[10:24] {ese} L dnr .88
[10:25] {Threei} Short Setup: SLW  .75 break
[10:25] {Threei}  if stays under .85
[10:26] {Threei}  looks like one of those days
[10:26] {Threei}  Certain OPEC delegates respond to IEA reserve release; claim that the release is unjustifiable - financial press
[10:27] {dino} lol
[10:28] {dino} now opec tells us what to do
[10:29] {dino} scs, panl, sina, pvh,fdx,tzoo, green
[10:29] {nemo} pure politics
[10:29] {dino} meli green
[10:31] {dino} tzoo pulp both ways
[10:32] {RonS} US to release Oil from strategic reserve
[10:34] {ese} dino give me an opinion on PVX
[10:35] {jfjf64} gettin  to  some  big  levels
[10:37] {dino} opinion, don't like oils today w/these releases
[10:38] {ese} ya....tks
[10:39] {dino} apkt spike
[10:42] {ese} out DNR .85 -.03
[10:42] {Threei}  feels like one more breakdown is coming
[10:43] {dino} ba sm l .50
[10:44] {Threei}  Supplying a single gallon of gasoline in Afghanistan reportedly costs the U.S. military an average of $400, while sustaining a single U.S. soldier runs around $1 million a year (by contrast, sustaining an Afghan soldier costs about $12,000 a year).
[10:45] {RonS} ...but does that include the bribes they are paying?
[10:45] {Threei}  nope
[10:47] {RonS} es fute neg order flow lod
[10:50] {RonS} Biden Deficit Talks Hit an Impasse
[10:50] {nemo} that's a surprise
[10:50] {nemo} I'll bet it boils down to this:  Republicans-no tax increases
[10:51] {nemo} Democrats-no spending cuts
[10:53] {ese} daaaaaaaaaa i hate that.....just as your about to hit the trigger it pops up .25
[10:53] {RonS} Biden-more hair plugs
[10:53] {ese} ZAGG....daaaaaa
[10:53] {ese} just about had it at .17
[10:54] {ese} who operates this market anyway......can't they just slow dn a little......sheeesh
[10:55] {RonS} thank god for zagg...the world needs more ipad covers...
[10:56] {ese} hell ya
[10:56] {Threei}  lol
[10:56] {ese} look at flippin thing
[10:56] {ese} would have made my day
[10:57] {Threei}  wow
[10:57] {Threei}  http://www.reuters.com/article/2011/06/23/eurozone-greece-germany-idUSLDE75M06620110623
[10:57] {nemo} yeah, northern europe told them to go ____ themselves
[10:58] {nemo} unfortunately, they are quite comfortable doing that
[10:58] {RonS} lol
[10:58] {Threei}  lol
[10:59] {RonS} that guy is like the kid saying:  the emperor has no clothes
[10:59] {nemo} and the germans love to go to Greece on vacation......not anymore
[11:01] {RonS} oil recovering now 91.50
[11:06] {RonS} hmmm...rimm green
[11:09] {RonS} sina strong
[11:09] {nemo} love that spread
[11:12] {Threei}  I wonder, if I pointed a gun directly upward today, would I hit the sky?
[11:13] {nemo} what's even more scary....
[11:13] {nemo} if you fell, would you hit the ground
[11:14] {RonS} scarier still...if you belched would your wife hear it?
[11:15] {Threei}  you guys are frightening bunch
[11:15] {jfjf64} lol
[11:15] {Threei}  and I pride myself in being accepted by you as a full-pledged member
[11:18] {jfjf64} slw
[11:18] {jfjf64} hod
[11:19] {jfjf64} lol
[11:19] {Threei}  yes, and I am tempted to call long on break
[11:19] {Threei}  which probably means, you should short the living daylight out of it
[11:19] {RonS} orwell lives:  Congress Rebrands Earmarks as “Programmatic Requests”
[11:19] {ese} L MOBI .50
[11:20] {Threei}  Ron, seriously?
[11:20] {RonS} yep
[11:20] {Threei}  sheesh... newspeak in full bloom
[11:20] {Threei}  (IS) Israel govt says it is prepared to intercept a flotilla headed toward Gaza
[11:20] {Threei}  here we go again...
[11:21] {dino} out tzoo, .30, +1.00
[11:21] {Threei}  Google Inc Federal Trade Commission (FTC) nearing decision on whether to issue a subpoena over antitrust concerns - financial press citing sources
[11:21] {Threei}  - Reminder: In April reports circulated that FTC was considering investigating the company over dominance in internet services
[11:21] {Threei}  - Reminder: Yesterday reports indicated the Senate was also seeking to subpoena executives over their testimony
[11:21] {samire} gj dino
[11:21] {jfjf64} gj   dino
[11:21] {jfjf64} nice
[11:23] {dino} ty
[11:26] {jfjf64} bidu
[11:27] {jfjf64} crazy buying
[11:28] {samire} market is picking up
[11:28] {jfjf64} one  more  leg  up
[11:28] {jfjf64} bidu
[11:29] {jfjf64} will look  for  short  entry
[11:29] {jfjf64} 127
[11:30] {dino} out scs .65, +.30
[11:32] {jfjf64} .92 short
[11:32] {jfjf64} .09 stop
[11:32] {jfjf64} grrr
[11:33] {jfjf64} lol
[11:33] {jfjf64} train
[11:35] {dino} ba to .80
[11:35] {ese} man dino....your hot today....good on ya
[11:36] {dino} out ba .85, +.35
[11:37] {dino} lucky
[11:37] {Threei}  lucky indeed
[11:37] {dino} but i do enjoy a big down open
[11:37] {Threei}  with irritating consistency, no less {G}
[11:38] {ese} what kind of stocks are you looking for with that type of opening...the 2 bills dn scenario
[11:39] {dino} yes, and stocks that hold well
[11:43] {ese} me on the other hand....I just follow nemo blindly........
[11:43] {dino} hows that working out for ya?
[11:43] {nemo} pungi sticks
[11:43] {ese} not well
[11:44] {ese} lol
[11:44] {Threei}  worked fine until nemo spotted him and statred wearing heavy makeup, singlasses and hood
[11:44] {Threei}  sunglasses
[11:44] {ese} bad news boys and girls.....i'm laughing at myself
[11:44] {nemo} singlasses...mmmmmhhhh
[11:44] {ese} yuk yuk yuk
[11:45] {dino} chinese sun glasses i guess
[11:45] {Threei}  lol
[11:45] {nemo} dino?
[11:45] {dino} yes
[11:45] {nemo} where did that come from?
[11:45] {dino} singlasses
[11:46] {ese} Ray Ban classics for me......oh ya!!!!!1
[11:46] {nemo} as in "sino"?
[11:46] {nemo} Vuarnets
[11:47] {ese} use to have those.......went back.....Ray Bans and musicians......one and the same
[11:47] {dino} nuva to .20
[11:47] {dino} lzb to .44 thing doesn't move
[11:48] {ese} ya mobi .46 -.04..........get a move on for crying out loud
[11:51] {RonS} thought i would look for singlasses...did not find but check this out:  http://tinyurl.com/6yvlo59
[11:52] {ese} can retail get any dumber........dif types of bacon.....sheesh
[11:53] {RonS} cone on ese...it's a gag gift store...never got one?
[11:53] {RonS} come
[11:54] {ese} ohhhhhhhhhhh
[11:55] {ese} those are  a must have
[11:55] {dino} out nuva .20, +.15
[11:56] {RonS} lol...actually have a pair of singlasses from these guys
[11:56] {RonS} gave to my dad...he sent it back...lol
[11:57] {ese} lol
[11:57] {ese} startin to wonder about you ron
[11:58] {RonS} my fave is the "fighting nun"...hand boxing puppet in a habit...classic
[11:58] {RonS} the label says:  "she's got a habit"  "fighting for what's right"
[12:00] {dino} lol
[12:00] {ese} Moooobiiiiiiii baaaabyyyyyy! do it
[12:07] {samire} boring day
[12:08] {ese} thought this might have had enough momo to get to 8 but am having second thoughts
[12:08] {ese} daaaaaaaaaaaa
[12:09] {davd} smh / semiconductors green
[12:10] {ese} is mobi a semi dave?
[12:10] {samire} first red day for me in 2 weeks
[12:10] {nemo} satphones
[12:10] {ese} tks nemo
[12:11] {dino}  seriously sami, thats pretty good
[12:11] {samire} yes
[12:11] {davd} not sure but smh is txn intc amat brcm ....
[12:11] {dino} don't sweat a red day here and there, sh*t happens
[12:12] {ese} yup
[12:13] {dino} thats the funny thing about this job, somedays you go to work and don't get paid
[12:14] {ese} good point....never looked at it like that
[12:14] {Threei}  worse yet, sometimes you pay for the right to go to work :)
[12:15] {dino} right
[12:16] {ese} indeed.......
[12:23] {dino} have to leave early for funeral. hard stop on lzb at .44 letting it trade
[12:25] {ese} take care dino.....cya tomorrow
[12:25] {dino} thx
[13:03] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:05] {Threei}  ese, check your e-mail
[13:16] {Threei}  going to sit on my hands for a while yet, then start looking for a day-dixing trade
[13:16] {Threei}  idea is, not to try and get a few scalps, but avoid marginal trades,
[13:16] {Threei}  and look for one with the best potential
[13:16] {Threei}  that is either adds one more small stop or makes day green
[13:17] {Threei}  how's this for irony:
[13:17] {Threei}  (GR) Portugal PM: Confident in Greece's ability to emerge from the crisis
[13:17] {Threei}  (whispering to the side): because of they don't, we are next
[13:29] {samire} does any one here IB ?
[13:29] {nemo} whr...short here?
[13:30] {Threei}  doesn't look right to me nemo
[13:30] {nemo} nope
[13:30] {samire} i meant uses Interactive Brokers
[13:32] {Threei}  not entirely suitable for fast trading, samire...
[13:33] {samire} i c
[13:54] {samire} no posting......
[13:55] {Threei}  you see setups worth trying?
[13:56] {samire} i meant from other people
[13:56] {Threei}  don't apply the pressure please... when there is what to post, I will
[13:56] {Threei}  remember yesterday?
[13:56] {Threei}  long time of inactivity
[13:56] {Threei}  than 60 cents trade
[13:56] {Threei}  then
[13:56] {samire} yes
[13:57] {Threei}  here is the thing, samire
[13:57] {Threei}  in trading, skill to stay inactive is as valuable if not more, than skill to act right
[13:57] {Threei}  trading is not unlike hunting from ambush
[13:58] {Threei}  you sdit in the ditch and wait for your prey to come in the range
[13:58] {larisa} is not unlike = is like ? :)
[13:58] {Threei}  yes
[13:58] {Threei}  you don't chase the anthelope, it runs faster than you do
[13:59] {Threei}  you wait for them to walk by, pick the right one and shoot it
[13:59] {Threei}  best trades are not those that you seeked actively, turning every stone
[14:00] {Threei}  best trades are those that came to you themselves, and screamed at you from the screen "take the money!"
[14:01] {Threei}  I amtempted to say the same goes for women but larisa will kill me
[14:04] {Threei}  watching TZA for entry
[14:04] {Threei}  pullback to about 39 would be nice
[14:15] {Threei}  bounced from abuot .15
[14:16] {samire} you had the right idea
[14:19] {Threei}  oh well... still sitting in the ditch, waiting for my anthelope
[14:25] {Threei}  (US) White House: Progress was being made in Congressional/Biden debt talks; will attempt to address areas of disagreement in the issue and find a compromise
[14:25] {Threei}  - Talks between Biden and Congress may or may not continue in a different form.
[14:26] {nemo} a duel?
[14:26] {Threei}  I'd buy tickets
[14:26] {nemo} crissakes, it'll be on Youtube...everybody will be recording it with their cellphones
[14:29] {samire} Dino...how was your day ?
[14:30] {RonS} he's gone...he killed it...+$860 by my calc
[14:30] {Threei}  yeah, had a very nice day
[14:30] {Threei}  [12:23] {dino} have to leave early for funeral.
[14:32] {samire} did he win all of them
[14:34] {RonS} ...left one open so dunno...had five winners closed
[14:34] {nemo} had a hard stop on it
[14:34] {nemo} stop was .45 on lzb
[14:35] {nemo} he's in the breen
[14:35] {nemo} green
[14:47] {ese} MOOOOOOBIIIIIIIIIII!!!!!!!!!!!!!
[14:49] {ese} i'm outta there .55 +.05
[14:50] {ese} been an up day +.02
[14:50] {ese} can't argue with that
[14:51] {ese} cya tomorrow
[14:51] {RonS} cya ese
[14:51] {ese} cya ron
[14:56] {davd} greece reaches agreement...
[14:56] {davd} re pop
[14:57] {Threei}  (GR) Greek govt reaches agreement with EU and IMF on five-year austerity plan - financial press
[14:57] {Threei}  OK
[14:57] {Threei}  hunt is on
[14:58] {Threei}  this spike must be short-lived
[14:58] {davd} tza?
[14:58] {Threei}  yes sir
[14:58] {Threei}  easiest way to do it
[14:58] {davd} you call it ill do it
[15:00] {davd} wo
[15:00] {Threei} Long Setup:  TZA  .50 break
[15:00] {davd} woh!
[15:00] {Threei}  .40 now
[15:00] {nemo} no way
[15:00] {Threei}  stop under .30
[15:00] {nemo} god bless the knife catchers
[15:01] {Threei}  1:1
[15:02] {Threei}  1:2
[15:02] {Threei}  1:3
[15:02] {RonS} caught tza .38 to .58  thanks 3i
[15:02] {Threei}  1:4, out
[15:02] {Threei}  welcome ron
[15:02] {Threei}  thanks for blessing nemo
[15:02] {Threei}  and that's how it's done, samire
[15:03] {nemo} Yeah, I'd give offerings to the Trading Gods for that one
[15:03] {Threei}  back in black
[15:03] {Threei}  not much but enugh not to call it a losing day
[15:03] {nemo} o.k.  what was the logic behind THAT ONE!!!???
[15:03] {Threei}  1:5 meanwhile
[15:03] {Threei}  no logic nemo, experience and gut feel
[15:04] {Threei}  1:6
[15:04] {davd} out 1/2 tza .66
[15:04] {davd} out full .00
[15:04] {Threei}  sorry if you find the answer unsatisfactory but some things just require 15 years of doing this
[15:04] {RonS} gj
[15:05] {Threei}  it was the moment of seeing the whites of their eyes'
[15:05] {davd} yah nemo!:O
[15:05] {nemo} yep, that was art...
[15:07] {davd} spy hit s2 and then back
[15:07] {RonS} greek news really...
[15:09] {davd} wow 3i played it poyfect
[15:09] {Threei}  please, don't call me poyfect...
[15:11] {Threei}  samire... don't tell me you missed this one
[15:12] {davd} good play between two pops.
[15:14] {davd} qqq and iwm green
[15:14] {samire} snooooor
[15:15] {Threei}  next play half lot
[15:15] {Threei}  snor eh?
[15:15] {davd} oil hod re uso
[15:15] {Threei}  next time you ask for the play, I'll remember this snor :)
[15:16] {davd} uup down of course - gd bless the us dollar
[15:17] {Threei} Long Setup:  TZA  38 break
[15:17] {Threei}  half lot!
[15:18] {Threei}  stop under .90
[15:18] {Threei}  1:1
[15:20] {Threei}  1:2
[15:21] {Threei}  1:3, out
[15:21] {Threei}  learn while I am alive
[15:21] {RonS} cuaght tza .03 to .33 thanks 3i
[15:21] {Threei}  welcome sir
[15:21] {Threei}  now, who would have thought this day can turn like this, just couple hours ago?
[15:22] {RonS} uhhh, the greeks...?
[15:22] {Threei}  lol
[15:27] {davd} spy bounced off s1
[15:31] {Threei}  hmmm
[15:31] {Threei}  (GR) Greek official said to confirm deal has been reached on austerity legislation with the EU - financial press- IMF Spokesman notes the IMF has no comment on the news.
[15:31] {Threei}  if IMF denies the deal, sell your farm wife and kids and buy TZA
[15:32] {nemo} even if they don't at least sell the wife a kids
[15:32] {nemo} and
[15:32] {Threei}  lol
[15:32] {RonS} lol   you are a real piece of work...
[15:33] {RonS} a compiment in my book...
[15:33] {nemo} Aren't you glad I didn't breed
[15:33] {RonS} compliment
[15:36] {nemo} well, I don't think I did...anyway...gotta' go...c u knifecatchers 2 morow
[15:36] {Threei}  take care nemo
[15:36] {RonS} cya nemo
[15:45] {samire} Thanks Vad for a great day
[15:45] {Threei}  good to hear you benefited samire
[15:46] {Threei}  was afraid you'd miss these two
[15:46] {Threei}  Ok guys, I amnot going to push my luck anymore... I really need more than 3-4 hours of sleep to perform
[15:46] {Threei}  not 25 anymore
[15:47] {Threei}  thank you all, have a good evening
[15:47] {Threei}  see you tomorrow
[15:48] {larisa} bye :)

Wednesday, June 22, 2011

Jun 22 2011

Very nice day with multiple plays here and there, ended with a bang - TZA long for 60 cents profit. See a play called at 15:24.

Session Time: Wed Jun 22 00:00:00 2011
[09:14] {davd} gm all.  i thought we would be up?
[09:14] {Threei}  morning davd
[09:14] {Threei}  well... looks like a case of playing out predicted outcome in advance
[09:15] {Threei}  classic scenario of tape reading
[09:15] {davd} true.
[09:16] {davd} dollar slightly up - opposite of what many predicted
[09:18] {dino} gm all
[09:18] {samire} gm
[09:21] {Threei}  dino, samire :)
[09:24] {samire} Vad....do you have a problem because me and Dino are friends
[09:24] {Threei}  huh?
[09:25] {dino} ?
[09:25] {Threei}  you have strange idea of my life priorities...
[09:25] {RonS} gm...daughter delivered healthy baby girl
[09:25] {Threei}  Ron!!
[09:25] {samire} or because we are getting rich
[09:25] {RonS} ;)
[09:25] {dino} congrats ron
[09:25] {Threei}  congratulations
[09:26] {Threei}  yes samire, that's a problem - as long as you don't send me my share
[09:26] {RonS} ty all
[09:26] {Threei}  got a name yet Ron?
[09:27] {larisa} gm :)
[09:27] {RonS} ya...a little goofy...Tyler Julieanne
[09:27] {Threei}  larisa :)
[09:28] {Threei}  looking for RIMM long and SLW short
[09:29] {Threei}  no triggers yet
[09:29] {Threei}  RIMM pullback to under 28 would be ideal
[09:29] {Threei}  holding .90 and recrossing 28
[09:30] {Threei}  SLW 33 break, probably
[09:30] {Threei}  be careful of opening spikes though
[09:30] {Threei}  RIMM is there
[09:31] {Threei}  10 cents ranges from here
[09:31] {Threei}  .90 break if holding .80
[09:31] {Threei}  etc
[09:31] {jfjf64} mornin
[09:31] {Threei} Short Setup: SLW  33 break if stays under .10
[09:32] {Threei}  both triggered
[09:32] {Threei}  RIMM 1:1
[09:32] {Threei}  half out
[09:32] {Threei}  scalpers know what to do
[09:33] {Threei}  1:2
[09:33] {RonS} caught rimm .79 to .96  thanks 3i
[09:33] {Threei}  1:3, over and out
[09:33] {Threei}  welcome ron
[09:33] {jfjf64} nice   ty
[09:33] {Threei}  yw
[09:34] {jfjf64} ya turn  slw
[09:34] {jfjf64} dont  be  shy
[09:34] {Threei}  nope, SLW no worky
[09:34] {dino} gj
[09:34] {Threei}  maybe a rinse but I am not going to stick around to check that theory
[09:35] {jfjf64} fdx
[09:36] {jfjf64} dtop
[09:36] {jfjf64} ?
[09:38] {Threei}  no
[09:38] {Threei}  just a mess
[09:38] {jfjf64} ty
[09:39] {Threei} Long Setup:  FCX  .10 break
[09:40] {Threei}  stop under 49
[09:40] {Threei}  target .40, 3 partials
[09:41] {ese} gm
[09:41] {Threei}  ese :)
[09:41] {Threei}  1:1
[09:41] {Threei}  half out, stop to .05
[09:42] {Threei}  1:2
[09:42] {Threei}  1/4 out
[09:42] {Threei}  stop to .15
[09:43] {samire} thanks Vad
[09:43] {Threei}  target hit
[09:43] {Threei}  out .42
[09:43] {Threei}  welcome samire
[09:43] {samire} rain
[09:43] {jfjf64} f  kin   hey
[09:43] {jfjf64} great  job  sir
[09:44] {Threei} Short Setup: X  .40 break half lot
[09:44] {Threei}  stop above .50
[09:45] {Threei}  target .25
[09:46] {jfjf64} need  mkt  help
[09:47] {Threei}  not getting it
[09:47] {Threei}  stopped
[09:47] {jfjf64} rince theory  coming
[09:47] {Threei}  whatever, half lot attempt to find the reversal with that 9:44 doji
[09:48] {Threei}  not working, moving on
[09:48] {dino} lll spike
[09:49] {RonS} wow
[09:49] {jfjf64} cmi
[09:49] {Threei}  news dino
[09:49] {Threei}  LLL Holder Relational calls fora breakup of the company - financial press citing sources
[09:49] {jfjf64} .20 break
[09:49] {Threei}  RIMM
[09:49] {Threei}  deep pullback
[09:51] {Threei}  VHS IPO opens for trade at $18
[09:51] {Threei}  Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[09:51] {Threei}  VHS?
[09:51] {Threei}  I thought it was dead already
[09:51] {Threei}  after winning betamax battle and losing dvd one
[09:51] {Threei} Long Setup:  RIMM  .90 break after losing it and holding .80
[09:52] {RonS} LLL 4 mil sh short
[09:52] {Threei}  let's make it if holding .90 for scalpers, .75 for day traders
[09:53] {jfjf64} diee
[09:53] {jfjf64} done  cmi
[09:53] {samire} is rimm still valid ?
[09:53] {samire} went to .79
[09:53] {Threei}  yes
[09:53] {samire} ok
[09:54] {dino} smr s lll .90
[09:55] {Threei}  come on RIMM
[09:55] {dino} cov lll .50, +.40
[09:55] {Threei}  you can do it
[09:56] {Threei}  nice one dino
[09:56] {dino} ty
[09:57] {nemo} CNX
[09:57] {Threei}  BBY Launches cloud music service - tech blogs
[09:59] {Threei}  - provides cloud storage for music on computers and smartphones
[09:59] {Threei}  - Will store music online and stream to devices
[09:59] {Threei}  - Will be free for use on computer, cost approx $4/month for use on mobile devices; requires iTunes library
[09:59] {jfjf64} avav  gonna  die
[09:59] {jfjf64} cant  find  entry
[10:01] {dino} nuva sm l .80
[10:03] {Threei}  no go RIMM
[10:03] {Threei} Short Setup: FCX  .20 break
[10:04] {Threei}  if stays under .30
[10:05] {Threei}  (US) CBO: US debt to hit 70% of GDP by end of 2011; Budget deficits to likely decline markedly in the coming years- Budget outllok for coming decade looks daunting
[10:06] {dino} double speak
[10:06] {Threei}  no kidding
[10:08] {jfjf64} makwe  upp ya  mind  fcx
[10:09] {Threei}  {FCX} ask CBO to do the same
[10:09] {Threei}  - By 2021, the budget deficit would be about double the baseline projection, and with cumulative deficits totaling nearly $12 trillion over the 2012-2021 period, debt held by the public would reach 97 percent of GDP, the highest level since 1946
[10:12] {Threei}  1:1
[10:12] {jfjf64} nice
[10:12] {jfjf64} house money
[10:13] {jfjf64} comon  49.00
[10:14] {jfjf64} down   down  downn
[10:16] {jfjf64} oh  yeahhhhhhhhhhhhhh
[10:16] {jfjf64} bamm  bamm   bamm
[10:16] {jfjf64} lol
[10:16] {jfjf64} ty
[10:17] {Threei}  1:3... nice
[10:17] {Threei}  welcome
[10:17] {jfjf64} was  gettin  worried  thought  ya  fell off  chair
[10:17] {jfjf64} bacon
[10:17] {jfjf64} lol
[10:17] {dino} gj
[10:18] {jfjf64} good mornin
[10:18] {Threei}  no bacon yet jf... still on diet
[10:18] {jfjf64} glad  to  hear  that
[10:19] {Threei}  successfully too
[10:19] {Threei}  26 lbs shed in one month
[10:19] {jfjf64} nice
[10:19] {jfjf64} really
[10:19] {jfjf64} strict diet
[10:19] {Threei}  not really... never went hungry
[10:19] {jfjf64} excercise also
[10:20] {Threei}  rather smart one
[10:20] {dino} whr sm l .40
[10:20] {jfjf64} share
[10:20] {jfjf64} comon
[10:20] {jfjf64} weight watchers
[10:20] {Threei}  no
[10:20] {Threei}  hold on
[10:20] {jfjf64} jenny   craig
[10:21] {Threei}  remember that projection by CBO, saying that healthcare will decerase in cost under new law?
[10:21] {Threei}  look at this:
[10:21] {Threei}  if current laws remained in place, spending on the major mandatory health care programs alone would grow from less than 6 percent of GDP today to about 9 percent in 2035 and would continue to increase thereafter.
[10:21] {Threei}  it's by that same CBO
[10:21] {Threei}  so what gives?
[10:22] {Threei}  are they pulling these projection out of donkey's arse?
[10:22] {jfjf64} cant figure
[10:22] {jfjf64} lots  of   bs
[10:23] {dino} yes
[10:23] {dino} avav hod
[10:24] {jfjf64} watchin
[10:25] {dino} 35?
[10:25] {jfjf64} like  to  see  some  eractic  buying
[10:25] {jfjf64} blow off top
[10:25] {jfjf64} and  short
[10:25] {jfjf64} lol
[10:25] {dino} me too, one more spike imo
[10:30] {Threei}  *DOE CRUDE: -1.7M V -1ME; GASOLINE: -460K V +1ME; DISTILLATE: +1.17M V +500KE; UTILIZATION: % V 86.1% W/W
[10:31] {Threei}  (CA) Bank of Canada financial system review: Overall risk to domestic stabilty has edged higher since December
[10:31] {Threei}  - Elevated household debt requires viliance
[10:32] {Threei}  just so you guys don't feel lonely
[10:32] {jfjf64} head  to  the states 3i
[10:32] {Threei}  yes, because it's so stable over there
[10:32] {jfjf64} oh  yeah
[10:32] {dino} whr to .70
[10:33] {Threei}  although, come to think about it... if I sell my Victoria house, I can buy triple the house in most of US locales, lol
[10:33] {dino} exactly, buyers market
[10:34] {dino} closing on a 188 sq ft bi-level next week, 105k. foreclosure, would cost 200k+ to build
[10:34] {Threei}  sheesh
[10:35] {dino} 50 cents on the buck in my area
[10:35] {dino} whr out .82, +.42
[10:35] {dino} 188=1800 sq ft
[10:37] {Threei}  (EU) ECB's Bini-Smaghi said to be willing to step down from ECB but wants to be assured of next post before resigning
[10:37] {Threei}  lol
[10:37] {dino} roflol, well if something better comes along
[10:38] {Threei}  hard to believe how corrupted whole thing became
[10:39] {jfjf64} thougt  so
[10:39] {jfjf64} lol
[10:39] {jfjf64} didnt want  to  say  anything
[10:39] {jfjf64} box
[10:39] {jfjf64} lol
[10:39] {jfjf64} where bout
[10:39] {jfjf64} pennsylvania
[10:39] {jfjf64} lol
[10:39] {jfjf64} avav  ready
[10:40] {dino} yes jf, northeast
[10:42] {jfjf64} .25 break
[10:42] {Threei}  SPY starts looking breakoutish
[10:43] {dino} nuva stop .59, -21
[10:46] {dino} lll smr s .06
[10:48] {jfjf64} avav not  watchin  mkt spike
[10:48] {Threei}  a bit torn betqween trying for break and dismissing it as fakeout
[10:48] {jfjf64} so  far ...
[10:49] {Threei}  can'y make up my mind so far
[10:51] {dino} flip a coin
[10:54] {samire} great day so far
[10:54] {jfjf64} gonna  get  better
[10:54] {samire} staching some cash
[10:54] {jfjf64} gr
[10:54] {jfjf64} wtf
[10:55] {dino} gj
[10:56] {jfjf64} avav dont  follow  mkt  spike
[10:56] {jfjf64} dieeeeeeeeeeeeeeeee
[10:57] {dino} can't get any at cyber
[10:57] {jfjf64} whats  up  with  spy
[10:57] {samire} took ETN hod
[10:57] {dino} lll bstop is .23 fwiw
[10:58] {samire} more cash from ETN
[10:58] {dino} stop -.17
[10:58] {samire} go ETN
[10:59] {samire} ssold .02
[11:00] {samire} + 500
[11:00] {jfjf64} nice
[11:00] {samire} thanx
[11:00] {samire} 5000 shares
[11:00] {jfjf64} out avav
[11:00] {jfjf64} flat
[11:02] {dino} wtf lll rinsed
[11:03] {dino} gj sami
[11:04] {RonS} so, does L3 breakup mean 3 L's?
[11:05] {samire} Thanks Dino.......we are going to compete with Vad soon
[11:06] {samire} tag team
[11:06] {samire} wrestling
[11:06] {samire} dream team
[11:06] {Threei}  I am all for wrestling... I wrestle with gun in my hand
[11:07] {Threei}  win every single time
[11:07] {samire} water gun ?
[11:08] {samire} or glue gun
[11:08] {dino} vad is the master, i just get lucky
[11:08] {dino} sm l lzb .99
[11:08] {nemo} Hey Dino:  http://www.cnbc.com/id/43480778
[11:09] {RonS} lol nemo, why not burn a few witches at the stake also?
[11:10] {dino} lol nemo
[11:11] {Threei}  do they also do the rain dance when crops wittle?
[11:12] {dino} virgin sacrifices, ala jennifers body
[11:12] {RonS} human nature is so dang weird...amazing how often this kind of stuff goes on
[11:15] {dino} xray sm s .56\
[11:20] {Threei}  market stalled
[11:20] {Threei}  play with this fora min who wants some enetrtainment:
[11:20] {Threei}  http://www.nytimes.com/interactive/2011/06/22/technology/20110622-CAMERA.html
[11:20] {nemo} not if IWM is leading it
[11:20] {Threei}  try to click on nearest flower, then on the rocks in the background
[11:21] {Threei}  new technology allowint to choose focus point AFTER the photo is taken
[11:21] {Threei}  quite amazing
[11:26] {RonS} fwiw...kinda cool abx presentation:  http://tinyurl.com/3wjrvzv
[11:26] {dino} xray stop -.23
[11:27] {RonS} wow 3i, that is cool...
[11:31] {Threei}  very
[11:32] {RonS} bet the dod or cia developed it for the spy sats, etc
[11:33] {RonS} in 1972
[11:38] {Threei}  lol
[11:46] {samire} just made some money on ADBE LONG
[11:46] {samire} IT IS MY DAY
[11:47] {dino} had bid in at ,51
[11:48] {samire} we need more calls Vad
[11:48] {samire} or ...i will take over
[11:48] {samire} i watched your CDs
[11:48] {Threei}  please do
[11:49] {samire} Vad2
[11:49] {Threei}  I'll kick back and relax
[11:49] {Threei}  hope you enjoyed them
[11:49] {samire} they are great
[11:49] {Threei}  good to hear
[11:49] {Threei}  next best thing to sitting next to me during trading
[11:50] {samire} watched them on the plane from LA to Cairo
[11:50] {Threei}  there was one major change since they were recorded though
[11:51] {Threei}  in one of videos you can hear Zippo click during a trade developing
[11:51] {Threei}  I quit smoking since then
[11:51] {Threei}  other than that, methods are just as valid
[11:54] {Threei}  OK, you guys were talking about that bizarre thing weith praying about deficits,
[11:54] {Threei}  how about this:
[11:54] {Threei}  renovated part of big hospital here in Victoria includesspecial ventilation system for some rooms
[11:55] {Threei}  allowing to clear the air from a lot of smoke
[11:55] {Threei}  guess what for
[11:55] {samire} what
[11:55] {Threei}  to allow traditional First Nations healing ceremonies whoch include burning
[11:55] {RonS} burning incense?
[11:56] {Threei}  cedar boughs
[11:56] {samire} adbe is still running
[11:56] {RonS} lol...at least it smells good
[11:57] {RonS} rooms soundproofed too so medicine man can beat the drum?
[11:58] {Threei}  article doesn't say
[11:59] {dino} world has lost its mind
[11:59] {Threei}  I am telling you... I want another planet
[11:59] {dino} next thing will be horoscope required reading, sheesh
[11:59] {Threei}  tghis one looks totally insane
[12:00] {RonS} Voltaire thought the same methinks...
[12:01] {RonS} oh jeez, almost forgot fomc in 30...
[12:01] {RonS} minutes
[12:01] {RonS} meaning meeting minutes
[12:02] {Threei}  (GR) Greek officials resisting calls for assets to be used as collateral given political risks; Greece will aim to make small changes in tax measures with Troika
[12:02] {samire} great day
[12:13] {samire} took sndk
[12:13] {samire} .82
[12:14] {samire} l
[12:14] {RonS} reminds
[12:14] {RonS} me
[12:14] {RonS} of
[12:14] {RonS} strider
[12:14] {RonS} miss
[12:14] {RonS} him
[12:15] {dino} yeah
[12:17] {dino} lll sm s .49
[12:19] {RonS} followed ya .35 s
[12:20] {RonS} target 85.60
[12:21] {dino} cov .13, +.36
[12:27] {Threei}  *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED);
[12:29] {samire} Vad...are u taking trades after fed announcement ?
[12:30] {Threei}  if setups shape up, why not
[12:30] {Threei}  if it's just a hectic jumping up and down, no
[12:38] {RonS} rimm l .50 recross if holding .40?
[12:38] {Threei}  toughie...
[12:38] {dino} nuva sm l ave .62
[12:38] {Threei}  really not sure ron
[12:40] {Threei}  well.. yes
[12:40] {Threei}  lol
[12:41] {Threei} Short Setup: FCX  .55 break
[12:42] {Threei}  if stasy under .65
[12:43] {Threei}  invalidated'
[12:46] {dino} tzoo sm l .40
[13:04] {jfjf64} im here
[13:11] {Threei} Short Setup: RIMM  .75 break
[13:14] {Threei}  for scalpers, stop can be kept as tight as above .80
[13:15] {Threei}  I personally prefer .85
[13:15] {Threei}  target is about .45
[13:15] {Threei}  if market really breaks down, could be much more, will evaluate as trade develops
[13:18] {Threei}  no go
[13:30] {dino} out nuva .93, +.31
[13:32] {samire} Thanks Dino....
[13:32] {samire} my stop was .55
[13:32] {samire} came close to it
[13:32] {dino} np, gj
[13:32] {samire} what was your stop ?
[13:32] {Threei} Short Setup: SLW  .40 break
[13:34] {Threei}  (EU) S&P: European banks are healthy but still need to increase capital ratios in the face of a potential Greek default
[13:34] {Threei}  - Believes that French banks should be able to absorb losses from Greek exposure.
[13:34] {Threei}  - Does not believe that a Greek default would seriously damage the European banking sector.
[13:35] {dino} .47
[13:37] {RonS} rimm rinse
[13:37] {Threei}  yeah
[13:39] {samire} slw does not want to fall
[13:39] {Threei}  didn't break support yet
[13:39] {samire} ok
[13:59] {patience} .
[14:05] {Threei}  1:1
[14:08] {dino} ezoo sm l .00
[14:08] {dino} tzoo
[14:23] {dino} out tzoo .60, +.60
[14:24] {Threei}  (US) Fed's Bernanke: Expects the Japan economy to improve and gasoline prices to fall, helping improve the economic outlook in the second half of 2011
[14:24] {Threei}  - Pace of progress on the unemployment issue remains "painfully slow"
[14:24] {Threei}  - Expects inflation to subside to a level at or below 2% in coming quarters.
[14:24] {Threei}  - Notes that "my remarks are my own responsibility"
[14:24] {Threei}  huh?
[14:24] {Threei}  whose else?
[14:35] {davd} spy bounce if vwap
[14:35] {davd} off
[14:41] {davd} dollar at hod re dxy
[14:41] {davd} but below premarket high
[14:42] {patience} nice pop in tza
[14:56] {dino}  tzoo sm l .30
[15:05] {Threei}  OK, let's try to design he play for the end of the day
[15:05] {Threei}  my feel is, selloff is coming
[15:06] {Threei}  TZA break of 38 is one way to try and exploit it
[15:07] {Threei}  wait for market to bounce and find low TZA entry is another
[15:08] {nemo} wait until tza get.s to .60 area
[15:08] {Threei}  that would be too good
[15:08] {nemo} size coming in on S&P futures
[15:08] {nemo} .64 then
[15:11] {nemo} spy may try to get to .40 or so
[15:23] {samire} slw ? any set ups ?
[15:24] {Threei}  I'll let you know when I see any
[15:24] {Threei} Long Setup:  TZA  .90 break
[15:25] {Threei}  if stays above .80
[15:25] {Threei}  not a scalp
[15:25] {Threei}  going to try for serious market selloff
[15:26] {Threei}  38.50 is not out of question
[15:27] {davd} in tza .90
[15:30] {Threei}  first partial for me somewhere between .05 and .10
[15:30] {Threei}  1:1
[15:31] {Threei}  out first part .03
[15:31] {dino}  good mkt read 3i. i had us going up
[15:32] {nemo} to me it's a scarecrow moment
[15:32] {Threei}  second part is closer to .20
[15:32] {Threei}  samire, here?
[15:33] {nemo} should have .15 more anyway
[15:33] {nemo} tna/iwm at pivot
[15:34] {davd} out 1/2 tza .1
[15:34] {Threei}  that's 1:2... nice
[15:35] {Threei}  (GR) Chief economist at UBS Investment Bank Hatheway: Vote of confidence for Papandreou is only a minor step; Greece as well as Ireland will still need to restructure their debt - financial press- Says remains less certain whether Spain and Portugal will have to restructure.
[15:37] {samire} yes
[15:37] {samire} took tza
[15:37] {samire} thanks Vad
[15:37] {Threei}  cool :)
[15:38] {Threei}  was worried you may have stepped away and missed it
[15:38] {Threei}  would be a shame, I prepared this play very thoroughly
[15:38] {samire} VAD...R U STILL IN TZA ?
[15:38] {Threei}  half
[15:38] {samire} I AM OUT
[15:38] {nemo} I didn't take it I looked at it and couldn't see a thing
[15:39] {Threei}  [15:32] {Threei} second part is closer to .20
[15:39] {samire} THANX
[15:39] {Threei}  how about trust me, once, for a change...
[15:40] {Threei}  out second part .18
[15:40] {samire} BYE .....ALL
[15:41] {Threei}  beautiful selloff
[15:41] {Threei}  just as planned
[15:43] {Threei}  1:4
[15:43] {Threei}  trailing, want my .50
[15:43] {nemo} you writing this up as catch of the day?
[15:44] {Threei}  feeling lazy to make a screenshot...
[15:44] {Threei}  will just refer to it
[15:45] {Threei}  1:5
[15:45] {nemo} ,72 should be spy bottom
[15:45] {Threei}  last push please
[15:46] {nemo} got your .50
[15:46] {Threei}  but I want .50 as in 38.50
[15:46] {Threei}  15:26] {Threei} 38.50 is not out of question
[15:46] {Threei}  trailing aggresively now, to .25
[15:55] {Threei}  how about that
[15:55] {Threei}  .50
[15:55] {Threei}  out and happy
[15:55] {Threei}  tested .28 on pullback, 3 cents to my trail
[15:55] {dino} gj
[15:55] {Threei}  ty
[15:56] {Threei}  thank you all, have a great evening
[15:57] {Threei}  see you tomorrow
[15:59] {dino} gn all, thx

Tuesday, June 21, 2011

Jun 21 2011

Profitable but very boring day, again. Greece developments may provide more excitement for tomorrow though.

Session Time: Tue Jun 21 00:00:00 2011
[08:47] {Threei}  (GR) Austria Fin Min Fekter: No money will go to Greece as long as there has been no decision on reforms
[08:48] {Threei}  (GR) Slovakia Fin Min Miklos: Greece must default if the next tranche of funding is not released
[08:48] {Threei}  - Greece must approve requested reforms by end-June
[08:48] {Threei}  - EU solidarity, Greek austerity measures and private sector participation are key factors to end crisis
[08:53] {davd} x
[08:53] {Threei}  y
[08:53] {davd} z
[08:53] {davd} hi all
[08:53] {Threei}  morning
[08:54] {nemo} weirdos
[08:54] {Threei}  why are you talinkg about yourself in plural?
[08:55] {nemo} my name is sybil
[08:58] {davd} rimm has some takeover chatter
[08:58] {davd} will be bought same day as us steel
[09:00] {nemo} takeover chatter, that was predictable
[09:03] {dino} gm all
[09:03] {Threei}  dino :)
[09:06] {RonS} gm guys & gals....cna someone explain the business relationship of wag and esrx?
[09:06] {RonS} can
[09:06] {Threei}  ron :)
[09:07] {nemo} esrx I believe is a mail order prescription service
[09:07] {ese} morning
[09:07] {Threei}  ese :)
[09:07] {nemo} I'm not sure if there is a direct business relationship, but they are in overlapping businesses
[09:08] {RonS} ok, so how is there $5.3 bil of biz w/ them and wag?
[09:08] {ese} was just looking at the RIMM daily.......was not really aware of it but it's in a massive dn trend.....smokers
[09:08] {nemo} they may be the outsource to manage the internet/mail based prescription business for Walgreens
[09:10] {RonS} so if wag is walking on esrx who do they go to?
[09:10] {davd} im going to buy a blackberry - the price of rimm is really cheap ;)
[09:11] {nemo} could you pick me up a buggy whip?
[09:11] {ese} from the look of that dn trend dave........they should be bankrupt in a couple of months
[09:11] {RonS} i like the logic dave
[09:13] {dino} ron, dk, but they have until dec. 31st to negotiate
[09:14] {RonS} bloomberg just came w/ this:  http://tinyurl.com/6frc7vv
[09:17] {Threei}  siunds like sensible analysis to me
[09:18] {ese} tks for that ron..........somethings rotten in denmark when you see a decline like that imo
[09:22] {Threei}  (GR) Dutch Fin Min: expects the Greek govt will survive the confidence vote today by a small majority
[09:24] {RonS} oh jeez, might be distracted today.  daughter is in labor...
[09:25] {Threei}  wow Ron
[09:25] {nemo} you're not in West Virginia, are you?
[09:25] {Threei}  RIMM broke resistance
[09:25] {RonS} first grandbaby here...
[09:25] {ese} ahhh  yaa......distracted would be an understatement.......congrats Ron
[09:25] {nemo} why don't you sit back and watch Ron
[09:26] {nemo} make it a study day, and look at pictures of your daughter
[09:26] {Threei}  very likely to get some relief rally today in RIMM
[09:26] {RonS} she's 28, not 13...
[09:26] {Threei}  will watch for entry
[09:26] {dino} congrats ron, all the best
[09:27] {Threei}  let us know Ron, OK?
[09:27] {Threei}  all the best to her
[09:28] {Threei}  also, after some opening hesitation, looking for SLW long
[09:28] {nemo} huh?
[09:28] {nemo} long?
[09:28] {nemo} wtf?
[09:28] {Threei}  yeah
[09:28] {ese} by the way....am still L REE. .98 +.45 so far stop is .15
[09:28] {larisa} gm :)
[09:28] {Threei}  larisa :)
[09:29] {larisa} :)
[09:31] {Threei} Long Setup:  RIMM  .30 break half lot
[09:31] {Threei}  if stays above ,15
[09:31] {Threei}  invalidated
[09:31] {Threei}  .20 break new trigger
[09:32] {Threei}  .05 stop
[09:32] {nemo} slw
[09:32] {Threei}  missed SLW
[09:32] {Threei}  no clear trigger
[09:33] {jfjf64} mornin
[09:33] {Threei}  jf :)
[09:34] {Threei}  ok RIMM, let's go
[09:34] {Threei} Short Setup: SLW  .70 break
[09:34] {Threei}  if stays under .80
[09:34] {jfjf64} violence  early
[09:35] {Threei}  no go RIMM
[09:35] {Threei}  SLW 1:1
[09:38] {Threei}  a bit hectic opening
[09:38] {jfjf64} cat
[09:38] {nemo} more like a "tad"
[09:38] {Threei} Long Setup:  RIMM  .10 break
[09:39] {Threei}  if stays above 26 for scalpers
[09:39] {Threei}  ,90 for day traders
[09:39] {RonS} in .00
[09:39] {Threei}  withaccording size adjustment of course
[09:39] {Threei}  1:1 scalpers
[09:40] {Threei}  1:1 day traders
[09:40] {jfjf64} tytyt
[09:40] {Threei}  SLW long proved right but elusive
[09:42] {Threei}  crap
[09:42] {Threei}  lol
[09:42] {Threei}  hate it when I have right idea and don't get my entry
[09:42] {Threei}  RIMM 1:2 day traders, close enough for exit
[09:43] {Threei}  scalpers be crying bitterly
[09:43] {RonS} out .45 +.45
[09:43] {Threei}  wtg
[09:43] {Threei}  your drandbaby will have what to be proud of
[09:44] {dino} gj
[09:44] {Threei}  (US) Preview: May Existing Home Sales due out at 10:00ET
[09:44] {Threei}  **Consensus expectation: 4.80Me v 5.05M prior
[09:44] {RonS} she'll be like all else...won't understand this...lol
[09:45] {Threei} Short Setup: FCX  48 break
[09:45] {Threei}  if stays under .10 scalpers, .15 daytraders
[09:47] {Threei}  hmm
[09:47] {Threei}  FCX, are you blind?
[09:49] {Threei}  let's close it
[09:53] {dino} panl sm l .75
[09:53] {Threei} Short Setup: SLW  32 break
[09:54] {Threei}  if stays under .10
[09:54] {Threei}  .65 target
[09:54] {RonS} unbelievable...cannot short slw...
[09:55] {jfjf64} dieeeeeeeeeeeeeeeeeeeeeeee
[09:55] {Threei}  3 partials
[09:55] {jfjf64} lets  get  1st
[09:56] {Threei}  let's
[09:56] {Threei}  numbers in 4...
[09:57] {nemo} vwap at .89, only 1:1 to there and numbers coming
[09:58] {Threei}  quite unclear moment for the market
[09:58] {Threei}  50/50
[09:58] {nemo} spy iwm strong
[09:58] {Threei}  yes
[09:58] {Threei}  but SLW formed double top
[09:58] {nemo} 128.70 tough area for spy
[09:58] {Threei}  and doesn't budge with all the buying and market spike
[09:59] {Threei}  so short sill looks valid
[09:59] {jfjf64} sure  does
[10:00] {jfjf64} get  out  2x4
[10:00] {pragmatic} SLW target ?
[10:00] {Threei}  (US) MAY EXISTING HOME SALES: 4.81M V 4.80ME
[10:00] {Threei}  [09:54] {Threei} .65 target
[10:00] {Threei}  09:55] {Threei} 3 partials
[10:00] {jfjf64} lets  get  1st
[10:00] {jfjf64} lol
[10:01] {Threei}  dejavu
[10:01] {Threei}  wow SPY
[10:01] {Threei}  and yet, SLW
[10:01] {Threei}  huge seller at 32
[10:02] {Threei}  1:1
[10:02] {Threei}  half out
[10:02] {Threei}  stop to above 32
[10:02] {Threei}  scalpers are out and smiling
[10:03] {dino} out panl .36, +.61
[10:04] {Threei}  wtg
[10:04] {dino} ty
[10:05] {Threei}  amazingly determined seller
[10:05] {nemo} must be buyers holding this up, and if that seller lifts...oy vay
[10:05] {Threei}  uses this buying pressure to liquidate large position
[10:05] {Threei}  oh yeah, if that lid gets lifted
[10:05] {Threei}  watch out for liftoff
[10:06] {ese} nice one with panl dino
[10:06] {nemo} yep, bug on the windshield effect
[10:07] {dino} ty
[10:07] {Threei}  out
[10:07] {Threei}  scalpers win
[10:07] {nemo} 01 long
[10:08] {nemo} out, not liking that
[10:08] {Threei}  no
[10:08] {Threei}  I didn't like that idea
[10:08] {Threei}  enetrtained it
[10:08] {nemo} fine
[10:08] {dino} ctrp sm l .90
[10:08] {Threei}  and dismissed
[10:08] {Threei}  here is the problem with it:
[10:08] {nemo} nemo took it
[10:09] {nemo} that's the problem
[10:09] {Threei}  such sustained selling may indicate much larger position thatn we think, and tactic in such cases often is:
[10:09] {Threei}  now and then retreat, not to scare buyers too much
[10:09] {nemo} true, and that slow rise after the break was an indicator
[10:09] {Threei}  and resume selling right when they got all hopefull and pressed further
[10:10] {Threei}  stop for the balance is reasonable, reversal is too risky
[10:10] {Threei}  reversal of position I mean
[10:10] {jfjf64} sndk .95  short
[10:10] {Threei}  and here comes new l,ow
[10:10] {jfjf64} missed
[10:10] {Threei}  rinsed our balance
[10:10] {Threei}  but whatever, I wouldn't hold short into such breakout in any case
[10:11] {nemo} I guess the play, if you hadn't entered early was to watch the reaction of the break, and enter when it failed .00 again
[10:13] {ese} out REE .55 +.57
[10:13] {Threei}  nice one
[10:13] {ese} tks
[10:13] {dino} gj
[10:14] {patience} nice ese
[10:15] {jfjf64} sndk  dieeeeeeeeeee
[10:17] {Threei}  watch RIMM for entry on pullback
[10:17] {Threei}  preferrably under .70
[10:20] {ese} what are scoping now dino
[10:21] {dino} abbc sm l .90
[10:22] {dino} slim pickings ese
[10:24] {ese} indeed
[10:24] {dino} bummed i missed sina
[10:25] {ese} abbc is that one sponsored by the Jackson Five......ABC....it's easy as one two three.....ABC ....you and me...........
[10:26] {dino} lol
[10:26] {RonS} noooooo....get it outta my head....
[10:26] {davd} s&P firmly above r2
[10:26] {RonS} i thought dino was stuttering
[10:26] {ese} wait for it......wait for it.........
[10:27] {ese} Frickin musicians..............ha beat nemo to it
[10:27] {dino} lol
[10:27] {RonS} get this...my dad says in ca commercials running saying the r word is the new n word
[10:28] {RonS} r = retard
[10:28] {ese} hmmmmmmm
[10:28] {nemo} oh yeah, NBA players were crucified for using it
[10:29] {nemo} they're "developmentally disabled"
[10:29] {RonS} ya...pc run amok
[10:29] {nemo} tell ya' the truth, Armageddon can't come soon enough, those morons won't have guns
[10:29] {ese} lol
[10:29] {RonS} lol
[10:31] {ese} abbc
[10:31] {Threei}  no cleasr tnries anywhere
[10:31] {RonS} abbc...kinda goofy susq announces $13/sh buyout of abbc in jan and the transaction hasn't closed yet?
[10:31] {ese} opps....right stock wrong platform
[10:31] {Threei}  general long idea was right on most
[10:37] {dino}  anything moving?
[10:39] {Threei}  not in a readable manner for me at the moment
[10:39] {Threei}  but the day looks promising for more activity
[10:43] {nemo} thieves are stealing catalytic converters now
[10:45] {jfjf64} promise 3i
[10:46] {Threei}  look at RIMM
[10:46] {Threei}  I promised relief rally, didn't I
[10:46] {RonS} big es seller right here
[10:46] {jfjf64} hmm
[10:50] {RonS} took ctrp .00 to .35  thnaks dino
[10:51] {dino} wtg
[10:51] {dino} out .35, +.45
[10:52] {jfjf64} nice
[10:53] {dino} ty
[10:58] {Threei} Short Setup: RIMM  .40 break
[10:58] {Threei}  stop above .50
[11:02] {Threei}  1:1
[11:02] {jfjf64} nice
[11:02] {RonS} rimm s .40 to .26  thanks 3i
[11:03] {Threei}  :)
[11:04] {jfjf64} need  to  find  smiley  face  eatin  BACON
[11:05] {RonS} lol
[11:10] {jfjf64} you still in 3i
[11:10] {Threei}  half
[11:11] {davd} s&p at 10 day high
[11:14] {Threei}  closed it
[11:19] {Threei}  funny how our performance is so much better of downtrending days
[11:19] {Threei}  always hated this slow creep-up
[11:25] {RonS} wonder what happened to _greghiram1?
[11:25] {Threei}  lol... I'll leave it to greghiram to answer but reminds me
[11:25] {Threei}  my favorite name for the boat:
[11:26] {Threei}  Unsinkable II
[11:26] {RonS} that is funny...lol
[11:28] {RonS} gs marching...
[11:35] {Threei} Short Setup: RIMM  .40 break
[11:35] {Threei}  same setup essentially
[11:36] {Threei}  two ways to play it
[11:36] {Threei}  one is traditional scalp, stop above .50
[11:36] {Threei}  another is for a more serious reversal, stop .55
[11:37] {Threei}  abve 11:34 high
[11:37] {Threei}  and aiming for 27.10 approx
[11:38] {Threei}  we have double top just above .60,
[11:38] {Threei}  and starting series of lower highs and lows after that
[11:39] {davd} s&p at r3
[11:41] {Threei}  1:1 scalpers
[11:44] {Threei}  stop to .51 for everyine
[11:50] {Threei}  day traders half out here
[11:50] {Threei}  stop to .45
[11:55] {Threei}  imbecil comment of the day:
[11:55] {Threei}  (US) US Treasury Official: It will take time for US housing sector to pick up, labor markets still have a long way to go
[11:58] {patience} in tza, small, probably early
[12:07] {ese} don't look early to me
[12:23] {dino} feels like another leg up
[12:37] {Threei}  no leg up
[12:37] {Threei}  no leg down
[12:37] {Threei}  no leg at all
[12:38] {nemo} spy at trend line and right up against daily R3
[12:41] {dino} sprd drop
[12:43] {dino} sm l .15
[12:49] {ese} L ree.36
[12:50] {ese} is that the Les we know who just got kicked?
[12:50] {dino} one could only hope
[12:51] {nemo} Hey Vad!  let Les in...we need a target
[12:51] {ese} ya ehhhh!
[12:51] {RonS} lol
[12:51] {Threei}  you are so cruel
[12:52] {ese} indeed
[12:52] {nemo} would you have me any other way?
[12:53] {nemo} and don't say, "grilled"
[12:53] {dino} nope
[12:53] {ese} nada!
[12:57] {Threei}  grilled... well, may be but knowing how I make shishkebab - marinated under pressure and skewered first
[12:58] {nemo} well, as long as you don't have a problem gutting and butchering a human
[12:58] {nemo} probably should let me hang for a few days in the cooler so I can age properly
[12:59] {RonS} why?  i hear you're pre-pickled...
[12:59] {nemo} only my liver
[12:59] {nemo} and brain
[12:59] {dino} lol
[13:04] {dino} out sprd .50, +.35
[13:04] {RonS} gj
[13:04] {dino} ty, slow day, but profittable
[13:05] {patience} took dogs for a walk, my account is up nicely
[13:08] {patience} should have made it a longer walk, i don't see much happening
[13:09] {dino} just looking for spikes and capits
[13:16] {Threei}  JPMorgan Chase and Co Agrees to pay $153.6M to settle SEC charges that it misled investors in a complex mortgage securities transaction
[13:16] {Threei}  - In settling the SECs fraud charges against the firm, J.P. Morgan also agreed to improve the way it reviews and approves mortgage securities transactions
[13:17] {Threei}  - The SEC alleges that J.P. Morgan structured and marketed a synthetic collateralized debt obligation (CDO) without informing investors that a hedge fund helped select the assets in the CDO portfolio and had a short position in more than half of those assets. As a result, the hedge fund was poised to benefit if the CDO assets it was selecting for the portfolio defaulted.
[13:18] {RonS} so, where does the money go?
[13:20] {RonS} look jpm dino
[13:24] {dino} i would think settlement would be good news
[13:30] {dino} hstm sm l ave .94
[13:36] {davd} not that any of it makes any sense, but...  if current greek head stays - good for us markets?
[13:37] {dino} yes
[13:40] {davd} may socrates bless you
[13:42] {Threei}  well, at least for the moment
[13:42] {Threei}  as immediate crash will be averted
[13:42] {nemo} give vad some tea
[13:42] {Threei}  then as riots increase, who knows
[13:43] {nemo} give them all some tea
[13:44] {nemo} nothing like a little hemlock to kill the nerves
[13:45] {nemo} tna
[13:47] {dino} stop hstm .76, -.18
[13:53] {Threei}  (GR) Greece Fin Min Venizelos: Will pass austerity plan by July 3; Acknowledges Greeks are questioning sacrifices made to this point; Fiscal efforts made to this point have been successful
[13:53] {Threei}  - Says Greece has avoided halt in payments.
[13:53] {Threei}  - New more just tax system is a top priority.
[14:00] {dino}  eu left, trying for financial transaction tax again
[14:01] {Threei}  (GR) Finland Fin Min: Finland wants collateral guarantees from Greece before agreeing to more aid
[14:02] {Threei}  amazing how they are trying to revive the corpse
[14:02] {Threei}  and by corpse I don't mean Greece
[14:02] {Threei}  rather EU itself
[14:02] {dino} yes i understand
[14:02] {Threei}  it's dead folks, give it up
[14:03] {Threei}  you attempts to prolong agony will only make it worse
[14:03] {Threei}  Express Scripts Inc Remains open to negotiations with Walgreens-
[14:03] {Threei}  CEO: "In these challenging economic times, it is critical that we all work together to keep medicines affordable and accessible," said Express Scripts' chairman and CEO George Paz. "It is shocking to us that Walgreens would back away from the table with six months to go in the current agreement, especially considering that negotiations are part of the normal course of business."
[14:03] {Threei}  at this point dissolution of EU can be done very painfully but relatively peacefully
[14:04] {Threei}  10 more years of this kicking the can down the road, and it will end in blood
[14:04] {Threei}  ask ex-USSR
[14:04] {Threei}  dozens of local wars flaring up all over the territory of former Soveit Union
[14:05] {dino}  just wait until germany has to eat a couple hundred billions
[14:05] {Threei}  yup
[14:05] {Threei}  lenders vs debtors
[14:06] {Threei}  that's what it's going to come to
[14:09] {Threei}  scanner is totally dead
[14:09] {Threei}  nothing moves
[14:12] {RonS} nice call tna nemo
[14:12] {dino}  same here, 07 about one a minute
[14:15] {RonS} interesting:  morgan stanley reduces their yr end price target on the euro to 136
[14:25] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzz
[14:25] {Threei}  wow samire
[14:25] {Threei}  that was one long nap
[14:34] {Threei}  the crowd in front of Greek parlament looks like ready to storm it if vote doesn't go their way
[14:36] {dino}  f 'em
[14:36] {Threei}  personally, I wish them success
[14:37] {Threei}  logic chain is:
[14:37] {dino} but violent, unlawful protests are not the way to get things done.
[14:37] {Threei}  they succeed - no austerity - Greece gets no bailout - leaves EU - contagion spreads to Ireland, Portugal, Italy etec - EU is finished
[14:38] {nemo} unless you're trying to decrease the population
[14:38] {Threei}  which is better happen now
[14:38] {Threei}  true dino
[14:38] {Threei}  that part I hate
[14:38] {Threei}  especially since I don't see their motives as such noble inspirations
[14:39] {Threei}  it was great t accept early retirements, huge pensions, long vacations, all that on borrowed money
[14:39] {nemo} they have no functional taxation system in Greece
[14:39] {Threei}  but now when it's time to pay back - they rotest?
[14:39] {dino} in either case a default is coming, prefer the restuctured type rather than outright default. the germans and french are going to take a beating. my guess is by june 2012
[14:39] {Threei}  wow, ou give it full year?
[14:40] {Threei}  I wouldn't think it can last this long
[14:40] {nemo} it's all over in 2012
[14:40] {Threei}  once this avalanche starts, it will spread out very quickly
[14:41] {dino} yes, only because of this current round of "handouts". like last summer, my giess is it buys them a year
[14:41] {Threei}  could be... the question is when it starts
[14:41] {Threei}  but once it does, it will be like fire
[14:42] {Threei}  the stronger and bigger system looks, the "mindbogglier" speed of its collaps
[14:42] {dino} it will then go like the brady bonds. say a 30% haircut plus 10 year extension
[14:42] {Threei}  or is it mindbogglinger?
[14:42] {dino} yes, agreed and once one falls, most of other piigs will too
[14:46] {dino} imo, the euro is doomed
[14:46] {Threei}  totally
[14:46] {dino} see, if grece, etc had their own currency, they could have inflated thos issue away
[14:53] {ese} I'm otta here....still in ree...even.....will se what happens at the end of the day cya
[14:53] {Threei}  take care ese
[14:53] {dino} cya
[14:56] {dino} like a summer friday afternoon
[15:04] {dino} goro spike
[15:13] {patience} .
[15:16] {Threei} Short Setup: RIMM  28 break
[15:17] {nemo} .15 stop?
[15:17] {Threei}  .13...
[15:17] {Threei}  any new high
[15:18] {nemo} market's gonna run
[15:29] {nemo} well, maybe it's gonna' run back to vwap
[15:34] {davd} pop past r3 is optimistic
[15:34] {davd} plus greek no-vote thing
[15:48] {davd} closing imbalances always cause a jolt to the market imo
[15:48] {Threei}  ok guys, still boring day but better result than yesterday, with nicely green balance
[15:49] {Threei}  tyhank you all, have a good evening
[15:49] {patience} great day for me ty vad
[15:49] {Threei}  see you tomorrow for Greek turmoil or total happiness
[15:49] {larisa} bye :)
[15:49] {Threei}  whatever comes after today's vote
[15:49] {davd} like a greek tragedy
[15:49] {Threei}  yeah
[15:50] {dino} cya vad
[15:56] {dino} took all afternoon, but out abbc .10, +.20

Monday, June 20, 2011

Jun 20 2011

Very boring and flat day. Nothing to add, really.

Session Time: Mon Jun 20 00:00:00 2011
[09:15] {dino} gm all
[09:15] {Threei}  morning dino
[09:16] {patience} good monday morning :)
[09:16] {Threei}  patience :)
[09:20] {RonS} gm everyone
[09:20] {Threei}  ron :)
[09:20] {dino} gaps 11853, 1357
[09:21] {ese} morning
[09:21] {larisa} gm :)
[09:21] {Threei}  ese, larisa :)
[09:22] {larisa} :)
[09:24] {ese} morning vad laris dino ron
[09:24] {larisa} ese :)
[09:24] {Threei}  SLW and RIMM test lows on daily
[09:25] {dino} :D
[09:30] {Threei} Short Setup: SLW  30 break
[09:30] {Threei}  invalidated
[09:31] {Threei}  RIMM, watching for short into bounce
[09:31] {Threei}  (EU) IMF: The peripheral crisis threatens to overwhelm the outlook for the euro zone; believes the ECB should leave unconventional measures in place
[09:31] {jfjf64} mornin
[09:31] {Threei}  jf :)
[09:32] {Threei} Short Setup: RIMM  .10 break
[09:32] {Threei}  if stays under .20
[09:32] {Threei}  aggressive entry to 27 break
[09:33] {ese} heck out HBRN dino
[09:33] {ese} check
[09:33] {Threei}  I like heck
[09:33] {ese} me too oddly enough
[09:33] {Threei}  RIMM is not a scalp
[09:34] {Threei}  half olut .94
[09:34] {Threei}  1/4 more out
[09:34] {nemo} RIMM=PALM
[09:34] {jfjf64} ty ty
[09:34] {Threei}  yw
[09:34] {dino} saw it ese, last week they had it a fraud
[09:35] {RonS} rimm s .00 to .70  +.30  thanks 3i
[09:35] {dino} taking it private
[09:35] {Threei}  welcome guys
[09:35] {Threei}  stop to .01 for the last piece
[09:35] {RonS} oops .77
[09:35] {dino} 24/dh cash?
[09:36] {dino} dh=sh
[09:36] {ese} hmmmmm
[09:37] {dino} something not right
[09:37] {nemo} quote server vad
[09:37] {Threei}  stop to .91
[09:37] {Threei}  12
[09:37] {larisa} quotes 3 is working, but TS is out
[09:38] {Threei} Short Setup: SLW  .50 break
[09:38] {ese} L slw.52
[09:38] {ese} out slw .49 -.03
[09:38] {Threei}  .61 stop
[09:39] {ese} ok that was bizzare
[09:39] {Threei}  target 1:4
[09:39] {jfjf64} like that
[09:40] {ese} vad you must have hit you call a split second before me......so as i saw your call i went oh oh and was out.....funny
[09:40] {nemo} no T&S
[09:40] {nemo} for me
[09:40] {Threei}  market spike
[09:41] {jfjf64} hold  slw
[09:41] {Threei}  closed last rimm
[09:41] {dino} panl sm l .70
[09:41] {Threei}  SLW stopped
[09:43] {nemo} Vad T&S server?
[09:44] {Threei}  none of them works for me
[09:44] {nemo} yeah, I
[09:44] {nemo} ve got no T&S\
[09:44] {pragmatic} my watchlist also not working
[09:45] {nemo} yeah, I'm dead in the water
[09:45] {ese} huh.........for once my stuff is working and everyone elses is not.......
[09:45] {dino} out panl .21, +.51
[09:45] {RonS} gj
[09:45] {ese} nice one dino
[09:45] {dino} ty
[09:46] {ese} what made you hook onto that one?
[09:47] {ese} watching it from last week
[09:47] {dino} was watchong it friday, it got spanked
[09:47] {dino} meli sm l .02 ave
[09:48] {dino} out meli .55, +.53
[09:49] {ese} s swks .18 sm
[09:51] {ese} stop .34
[09:51] {dino} afl sm l .95
[09:52] {Threei} Short Setup: FCX  .90 break
[09:52] {Threei}  if stays under 48
[09:53] {Threei}  HRBN Investor Relations confirms press release announcing acquisition of Harbin was legitimate and from the company; hoax about a 'fake PR' is being circulated by 'shorts'
[09:54] {dino} kro sm l .50
[09:54] {pragmatic} T$S working
[09:54] {Threei}  yup, just got back
[09:55] {ese} out swks .93 +.25
[09:55] {dino} gj
[09:55] {Threei} Short Setup: FCX  48 break
[09:56] {ese} tks
[09:57] {Threei}  looking for another short entry on RIMM
[09:58] {Threei}  grrr
[09:58] {Threei}  got away
[09:58] {Threei}  had .75 in mind but it broke too fast
[09:58] {Threei}  and never bounced
[10:01] {Threei}  no go FCX
[10:08] {Threei} Short Setup: RIMM  .40 break
[10:09] {Threei}  FCX rinsed
[10:09] {Threei}  dirty scoundrel
[10:10] {nemo} T&S frozen
[10:11] {dino} kro stop -.23
[10:12] {Threei}  RIMM 1:1
[10:14] {RonS} cree blood
[10:15] {Threei}  can't see FCX without feeling bitterly disappointed in humanity
[10:15] {RonS} x wanting to go neg
[10:16] {Threei}  CREE needs another visit by president
[10:18] {RonS} wlk breakdown
[10:19] {pragmatic} wth. TS seems frozen
[10:21] {dino} velt drop
[10:26] {RonS} aapl fugly...310 break again could mean 305 or 300 test
[10:26] {dino} dhx sm l .59
[10:27] {Threei} Short Setup: CAT  .90 break half lot
[10:28] {Threei}  modification, 97 break
[10:28] {Threei}  invalidated
[10:29] {dino} sprd .65 break l sm
[10:31] {davd} spy hod
[10:32] {dino} kro rinse
[10:37] {dino} out sprd .00, +.35
[10:39] {dino} afl to .99
[10:43] {dino} plug?
[10:44] {Threei}  must be split
[10:45] {dino} ahh, didn't think of that
[10:46] {Threei}  it was PLUGD recently
[10:46] {dino} hmmm
[10:56] {Threei}  (UK) UK Treasurer: UK banks have little exposure to Greece; reiterates UK will not be making any loans to Greece
[10:56] {Threei}  that's cold
[10:57] {dino} lol
[10:58] {patience} german banks have the greatest exposure to greece
[10:58] {dino} pays to keep your own currency
[10:58] {dino} out afl .25, +.30
[10:58] {dino} france second biggest patience
[10:59] {patience} lucky them
[11:00] {dino} lol
[11:01] {jfjf64} cof .24   break
[11:01] {jfjf64} short
[11:03] {Threei}  nice
[11:09] {Threei}  want to short FCX but would prefer an aggressive entry
[11:09] {Threei}  if it bounces to .60 - .65
[11:09] {Threei}  break of .50 is standard setup
[11:09] {Threei}  a lot of them get rinsed
[11:09] {Threei}  (US) White House: President Obama to release statement shortly calling for increased foreign direct investment
[11:10] {Threei}  hmm?
[11:10] {Threei}  whatever... FCX bounced
[11:10] {Threei} Short Setup: FCX  .60 break
[11:15] {Threei}  1:1
[11:16] {Threei}  if partialing, stop for the lanace to .65
[11:16] {Threei}  and to .61 as soon as .50 is broken
[11:19] {ese} L ree .98
[11:21] {ese} ya got yer full....and ya got da full or ya got a full lot....well ......i YER full lot
[11:21] {Threei}  vodka? or still beer?
[11:22] {RonS} clear as mud...
[11:22] {ese} lol.....this early?......vodka
[11:23] {Threei}  must be effect of yesterday's then
[11:23] {ese} yup
[11:25] {dino}  dhx to .79
[11:25] {ese} stepped it up a notch or two after you left saturday......went from the wine...to gin....to whisky......and finished off last night with vodka
[11:25] {dino} no gin for me
[11:26] {Threei}  (GR) German Fin Min Schaeuble: The EU is ready to give Greece more time to recover, although Greece must meet conditions to receive aid
[11:26] {ese} was a continual process........only way to do it.......work your way up to vodka...thats the way to do it
[11:26] {RonS} gin...one's not enough...two's too many, three's not enough
[11:27] {ese} lol......defffffffffffaaaaaaaanately
[11:28] {dino} lol
[11:28] {dino} out dhx +.20 at .79
[11:28] {ese} stop. REE .85.....damn phone
[11:31] {ese} not up to your 2 or 3 dollars standard dino but hey........20 will do
[11:32] {dino} smr l sina .20
[11:32] {ese} cents that is
[11:32] {ese} am i still in?
[11:32] {ese} yup
[11:32] {Threei}  lol
[11:33] {Threei}  boring day
[11:33] {samire} dino...stop on sina
[11:33] {ese} yup
[11:34] {dino} .99
[11:34] {samire} thanx
[11:34] {dino} np
[11:36] {dino} stopped
[11:36] {dino} slipped to .85
[11:36] {dino} .95 i mean
[11:37] {dino} sob rinse
[11:38] {dino} thats 2 today
[11:44] {nemo} pullback coming
[11:52] {Threei}  hmmm
[11:52] {Threei}  I want pullback
[11:52] {Threei}  or something
[11:52] {Threei}  anything but this dead stall
[12:13] {Threei}  LinkedIn Ticking lower on reports of a Facebook-based rival to the company's business model- BranchOut is a professional networking application that runs on Facebook. BranchOut attracted over 800K new users in the last week after revising its home page to include job listings.
[12:16] {Threei}  anyone's quotes restored?
[12:19] {Threei}  anyone's alive?
[12:20] {nemo} yes, and no
[12:20] {patience} i'm not asleep yet
[12:20] {Threei}  what sever?
[12:29] {nemo} TNS2
[12:29] {nemo} quote:12
[12:36] {Threei}  Research in Motion Ltd Senior executive is said to be planning to leave the company - financial press
[12:40] {Threei}  VP of visual media Wallace hired away by Samsung
[12:40] {Threei}  RIMM developments are more and more ominous
[12:43] {dino}  they really dropped the ball
[12:44] {Threei}  RBC Dominion Securities described the BlackBerry maker as "bloody, but not (yet) broken."
[12:46] {Threei}  The company which gave the smart phone to the world is now watching its previously formidable lead collapse in the face of competition from latecomers to the game: Apple and Googles Android system.
[12:58] {RonS} mos lod
[12:59] {Threei}  broke on my chart
[12:59] {Threei}  but I am afraid to trust my quotes
[12:59] {RonS} w/ a ubs upgrade...
[12:59] {Threei}  heh
[13:05] {RonS} rimm lod
[13:06] {Threei}  if forms a range beween .20 and .30, short on break, IMO
[13:11] {Threei}  so far so good
[13:11] {Threei} Short Setup: RIMM  .20 break
[13:13] {dino} smr l sina .85
[13:15] {Threei}  thought of aggressive entry near .30 on RIMM'
[13:15] {RonS} nuts, missed w/ limit sell at .18 on trade to .19
[13:15] {Threei}  fast break, yeah
[13:16] {Threei}  I am genuinely sad about RIMM
[13:16] {Threei}  not that it would keep me from shrting it, but
[13:17] {RonS} gonna take out 26...for sh#^&^ and giggles...
[13:17] {Threei}  1:1
[13:22] {Threei}  (GR) Canadian finance ministry sources say a second G7 teleconference on Greece was held today - financial press
[13:22] {Threei}  - REMINDER: the first call was disclosed earlier and did not result in any official communique.
[13:38] {Threei}  In an 8-0 decision, the Supreme Court kills a global-warming lawsuit filed by eight states and environmentalists against the nation's five largest electric power companies.
[13:38] {dino}  good
[13:38] {Threei}  and strange
[13:40] {dino} sina stop -.15
[13:40] {dino} f'ng rinse again
[13:41] {dino} unbelievable
[13:43] {Threei} Short Setup: FCX  .40
[13:49] {ese} finally.......ree
[13:50] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:51] {ese} stock market definition being exemplified today........."ages of boredom punctuated with sporadic moments of terros
[13:51] {ese} terror
[13:52] {Threei}  lol
[13:53] {dino} agreed
[13:59] {Threei} Short Setup: RIMM  26 break
[14:03] {ese} now that i'm thinking of it.......thats was Mags.....ages of boredom with moments of terror........with dino next door going.....jesusss!!! whats he doing now?
[14:05] {dino} had to throw stuff at him sometimes
[14:05] {ese} am outta here all.....am giving my mathematics final in an hour....see ya tomorrow......REE to .00 break even
[14:05] {Threei}  take care ese
[14:05] {ese} lol
[14:05] {ese} cya vad
[14:05] {RonS} ese, fwiw, that is an old quote that referred to being a soldier that people carried to the market
[14:05] {dino} cya
[14:05] {ese} knew it was from somewhere......couldn't remember
[14:05] {Threei}  one thing I learned about throwing stuff at people dino
[14:06] {Threei}  never throw pickled cucumbers at alcoholics
[14:06] {dino} ok
[14:06] {ese} lol
[14:06] {Threei}  they like it so much, you win't be able to get rid of them
[14:06] {ese} ok that made my day....cya
[14:06] {Threei}  they'll keep coming for more
[14:07] {dino} last try sina today, sm l .62
[14:10] {dino} sprd sm l .60
[14:16] {dino} sina stopped,
[14:35] {dino} sina rinsed, that makes 4 today
[14:36] {Threei}  wow
[14:36] {dino} lots of rinses last coule weeks
[14:36] {dino} couple
[14:46] {nemo} summer tends to mean entering 1 cycle too early
[14:46] {Threei}  RIMM
[14:46] {Threei}  watching for the range again
[14:47] {Threei}  little consolidatiokn above 26, then break
[14:47] {nemo} you were saying
[14:48] {RonS} ray charles stock...
[14:48] {RonS} "I'm Busted"
[14:58] {Threei}  yawn
[14:58] {Threei}  well, maybe now into this bounce...
[14:59] {Threei}  watching if range forms
[15:14] {Threei} Short Setup: RIMM  .95 break
[15:23] {Threei} Short Setup: FCX  .50 break
[15:28] {Threei}  (BR) Brazil May CAGED Formal Job Creations: 252.1K v 248Ke
[15:28] {Threei}  why do they cage it?
[15:28] {dino} chain broke
[15:29] {Threei}  or chewed through the leash
[15:30] {Threei}  let's cover half FCX
[15:31] {Threei}  and stop to .56
[15:31] {Threei}  want to secure against double bottom
[15:34] {Threei}  wash
[15:35] {Threei}  exactly what I wanted to protect against
[15:36] {dino} pmc spiker
[15:38] {Threei}  PMC Hearing strength attributed to Dealreporter article on potential as takeover target
[15:39] {dino} thx
[15:45] {Threei}  scratching RIMM
[15:46] {Threei}  day of big fat nothing
[15:46] {Threei}  let's end the boredom, what say you
[15:47] {Threei}  thank you all, have a good evening
[15:47] {larisa} bye :)
[15:47] {Threei}  see you tomorrow for a more exciting day hopefully
[15:52] {dino} i'm out of here too, gn all

Friday, June 17, 2011

Beauty of aggressive entries

Another nicely profitable day, and cool catch for the Catch of the Day, pardon the tautology. Beauty of aggressive entries, see http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html for details.


41 break on TZA was obvious setup and the way to play market breakdown which we expected. However, good luck trying to enter on this type of breaks, as price just zooms past your limit entries. Aggressive entry demonstrated on the chart was just the ticket.



Session Time: Fri Jun 17 00:00:00 2011
[09:00] {Threei} Greece govt confirms no-confidence vote to be held on June 21st
[09:00] {Threei} (GE) Germany Deputy Fin Min Asumussen: Greek IMF tranche agreement might come at meeting this weekend; Reiterates view that investor role in Greece must be "voluntary, substantial"
[09:00] {Threei} **On Jun 16th EU Commissioner Rehn stated thnat he was confident that Greece would receive the next tranche in early July and avoid default and expected a deal on next tranche to be agreed to on June 19th
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:13] {larisa} gm :)
[09:14] {Threei} larisa :)
[09:14] {larisa} vad :)
[09:14] {patience} good morning
[09:14] {Threei} patience :)
[09:14] {davd} sometimes rumors are started just so they can later be denied
[09:15] {davd} re hillay and the imf bank head position. im sure she somehow started this rumor so she could later say no
[09:15] {dino} wow rimm
[09:15] {Threei} well... if RIMM started rumor asbout bad earnings and losaing market share, it sure worked wonders
[09:15] {davd} exactly rimm intentionally sucks of the quarter just so it can say that next quarter will be better
[09:16] {Threei} I don't know... something in RIMMM's situation makes me think this is the beginning of the end
[09:17] {rizvisy1} gm
[09:17] {Threei} tablets is the main game these days
[09:17] {Threei} and they are losing it
[09:17] {Threei} riz :)
[09:18] {Threei} maybe decision to tie internet connection to blackberry phone was a mistake
[09:18] {Threei} their tablet itself is great
[09:18] {Threei} but the requirement to pair it with their phone to go online makes it no go for too many
[09:22] {rizvisy1} wow, RIMM -5.78 since yesterday close
[09:25] {dino} rimm starting to feel like palm
[09:25] {Threei} exactly my impression
[09:27] {davd} or aol
[09:28] {Threei} downgrades galore of course, on RIMM
[09:31] {jfjf64} hey hey
[09:31] {Threei} Short Setup: RIMM .40 break half lot
[09:31] {Threei} jf :)
[09:32] {Threei} change to .50
[09:32] {Threei} if stays under .60
[09:32] {Threei} 1:1
[09:32] {Threei} half out
[09:33] {Threei} stop .51
[09:34] {Threei} Short Setup: FCX .30 break
[09:34] {dino} kro sm l .91
[09:36] {Threei} stop is so obvious on FCX, I won't insult your intelligence by emtnioning it
[09:37] {Threei} come on... 1 cent to 1:1?
[09:37] {Natali} gm:)
[09:37] {Threei} let's trail to .36
[09:37] {Threei} natali :)
[09:38] {Threei} 1:1, halg out
[09:38] {Threei} scalpers take profit
[09:38] {Threei} stop to .31
[09:39] {Threei} ron, remember our yesterday's discussion of diff types of halts?
[09:39] {Threei} this oen is a real killer:
[09:39] {Threei} YUII Halted: information request from Nasdaq
[09:39] {RonS} yes
[09:40] {Threei} 1:2 baby
[09:41] {Threei} stop to .25 for the last piece
[09:46] {Threei} RIMM lost ground
[09:49] {Threei} doesn't look to me like ready for bounce
[09:49] {Threei} rather another drop
[09:52] {dino} paml sm l .75
[09:53] {nemo} you mean "panl"?
[09:53] {dino} y, sorry
[09:53] {Threei} or PALM?
[09:53] {nemo} Mary?
[09:53] {RonS} cree new 52 week low
[09:53] {Threei} they need another presidential visit
[09:55] {dino} kro stop, -.35
[09:55] {Threei} *(US) JUN PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 71.8 V 74.0E- 1 yr median inflation expectations at 4.0% v 4.1% May final - 5 yr median inflation expectations at 3.0% v 2.9% May final.
[10:00] {Threei} *(US) MAY LEADING INDICATORS: 0.8% V 0.3%E
[10:02] {dino} sina sm l .00
[10:04] {dino} out sina .48, +.38
[10:05] {jfjf64} gj
[10:05] {dino} ty
[10:05] {Threei} nice one
[10:05] {Threei} told ya you'll get them today
[10:05] {jfjf64} rcl dtop
[10:05] {jfjf64} .05
[10:05] {jfjf64} break short'
[10:08] {jfjf64} half out
[10:12] {samire} nice
[10:13] {Threei} speaking of double tops or bottoms,
[10:13] {Threei} everyone checked out yesterday's catch of the day?
[10:13] {Threei} RIMM... what a heartbreaker
[10:14] {Threei} widowmaker
[10:14] {nemo} double bottom 1st hammer high volume outside BB, second hammer lower volume inside BB?
[10:14] {Threei} yes nemo that one - and I know your next line :)
[10:14] {nemo} what's that
[10:14] {nemo} ?
[10:14] {Threei} [10:14] {nemo} nope, haven't looked
[10:15] {nemo} no, my next line was:[10:14] {nemo} what's that
[10:15] {nemo} [10:14] {nemo} ?
[10:15] {Threei} ok... general song is the same, just different refrain :)
[10:16] {dino} sina sm l .00
[10:17] {RonS} 3i look 2 day cof...short on .30 break?
[10:17] {samire} stop on sina....dino ?
[10:18] {Threei} probably aggressive entry would be better idea Ron
[10:18] {Threei} resistance is a little too far from .30
[10:18] {dino} .69
[10:18] {samire} thanx
[10:18] {jfjf64} 1/4 more rcl
[10:19] {RonS} gotcha
[10:19] {jfjf64} stop .91 remainder
[10:19] {dino} out sina .32, +.32
[10:19] {dino} too soon
[10:20] {jfjf64} dieeeeeeee
[10:21] {samire} thanx Dino...made good money....where do i mail the check
[10:22] {samire} on sina
[10:23] {dino} lol, gj
[10:28] {jfjf64} momma needs new pair of shoes
[10:28] {dino} sina sm l .75
[10:28] {jfjf64} done rcl
[10:29] {samire} stop dino ?
[10:30] {samire} out .96
[10:30] {dino} out sina .05, +.30
[10:30] {samire} thanx dino
[10:30] {ese} morning.....slept in.......had a show last night and didn't get in until2am.......hows things
[10:30] {Threei} hi ese
[10:30] {Threei} so far so good
[10:30] {dino} gj sami
[10:30] {samire} + 470 from dino today
[10:30] {Threei} RIMM wished it could say so
[10:31] {dino} doing better than i sami, 384 here
[10:31] {jfjf64} lol
[10:32] {Threei} btw, gotta share this
[10:32] {Threei} http://photography.realitytrader.com/2011/06/looking-reptile-in-eye.html
[10:32] {samire} dino ....please add to your future chat room
[10:33] {samire} i love to be in many rooms
[10:33] {samire} at the same time
[10:33] {RonS} careful, that's how weiner started...
[10:34] {Threei} rofl
[10:34] {dino} lol
[10:34] {jfjf64} nice pics 3i
[10:34] {jfjf64} where??
[10:35] {Threei} right here, in Victoria
[10:35] {samire} at the same time?
[10:35] {jfjf64} looks beautiful vicky
[10:35] {samire} typo
[10:35] {jfjf64} really
[10:35] {Threei} RIMM... should be ready soon
[10:36] {Threei} sharp dive under .50 asnd bounce is likely scenario
[10:37] {Threei} get ready who is willing to risk it
[10:37] {Threei} high risk play
[10:37] {Threei} .50 recross if holding .40,
[10:37] {Threei} if losing it, 10 cents ranges from that point on
[10:39] {samire} never went under .50
[10:39] {samire} agree ???? any body ?
[10:40] {Threei} what to agree or disagree? .52 is low
[10:40] {Threei} why would anyone argue with it?
[10:40] {samire} so we did not take
[10:40] {samire} correct ?
[10:41] {Threei} no, not the setup I wanted
[10:41] {samire} thanx
[10:41] {Threei} but samire, I really am not sure what you are asking
[10:41] {samire} still learning
[10:41] {samire} to copy exactly your trades
[10:41] {jfjf64} never stop sammy
[10:41] {Threei} just trying to understand, are my explanations of setup unclear
[10:42] {dino} sina sm l .34
[10:42] {dino} out sina .64, +.30
[10:43] {samire} too fast 4 me dino
[10:43] {dino} panl stop -.35
[10:43] {jfjf64} lol
[10:43] {jfjf64} you made more $ on his last call
[10:43] {jfjf64} whaata expect
[10:44] {RonS} fave weiner headline: weiner yanks himself
[10:45] {jfjf64} the best
[10:45] {dino} roflol
[10:45] {samire} did not take panl
[10:45] {dino} weiner goes soft and quits
[10:47] {RonS} another: weiner can't keep it up limps away
[10:47] {dino} lol
[10:48] {dino} sina sm l .60
[10:49] {samire} in .70
[10:49] {dino} out sina .00, +.40
[10:49] {samire} 0ut .00
[10:50] {samire} thanx dino
[10:50] {dino} gj
[10:52] {samire} dino...what is your average profit per day in cents (example + 0.74 a day)
[10:52] {samire} for the last 30 days
[10:52] {samire} including losses
[10:52] {dino} dk sami, this week was not too good
[10:53] {samire} average of 30 days
[10:54] {dino} my ave daily is $400-600, but this week i am light
[10:54] {samire} ok
[10:57] {Threei} anyone found RIMM entry?
[10:59] {dino} not yet, gut thinks "better worlds"
[11:00] {Threei} hard to argue
[11:00] {Threei} RIMM is a balck hole
[11:00] {Threei} black
[11:00] {Threei} just little bounces, exploiting natural volatility
[11:01] {dino} yeah
[11:08] {dino} ndx open gap fill
[11:11] {dino} sina sm l .22
[11:13] {samire} thanx dino again
[11:13] {dino} out sina .72, +.50
[11:13] {dino} gj sami
[11:14] {samire} i am reaching expert level now
[11:14] {samire} in copying of course
[11:20] {dino} de sm l .10
[11:20] {dino} tfm sm l .00
[11:20] {RonS} seems like rimm is going to punish the early weak longs by going sub 27's and then rip the shorts
[11:21] {dino} 25 feels like magnet
[11:22] {RonS} dino needs a new de mower...
[11:22] {dino} would like one :D
[11:24] {samire} stop on de ?
[11:24] {Threei} btw guys, conference video links are fixed
[11:25] {Threei} http://caratrading.com/videos/2009.php
[11:25] {Threei} and
[11:25] {Threei} http://caratrading.com/videos/2010.php
[11:25] {Threei} information for the Whistler one is still not finalized
[11:25] {samire} dino....what is your stop on de
[11:25] {dino} lod sami
[11:25] {samire} thanx
[11:30] {samire} thanx dino for de
[11:30] {samire} out + .11
[11:31] {dino} gj
[11:31] {samire} sold .21
[11:31] {samire} did not like the price action
[11:32] {samire} settled for small scalp
[11:32] {dino} so far you are right
[11:34] {samire} i am becoming a super star
[11:34] {rizvisy1} dino, sm is for small number of share right?
[11:34] {samire} yes
[11:34] {samire} and smr
[11:34] {dino} yes riz
[11:35] {rizvisy1} ok thanks
[11:35] {dino} sm=400, smr=300, hl 500, nothing mentioned-1000
[11:36] {dino} obviously sami is using bigger lots as he is out earning me on my picks
[11:36] {samire} CHECK IN THE MAIL
[11:36] {rizvisy1} lol
[11:36] {rizvisy1} look like following thru well
[11:36] {dino} no, you pulled the trigger, you own it
[11:37] {RonS} mini ese 1k, ese 2k, jumbo ese 4k, crazy ese 10k, magoo 20k
[11:37] {rizvisy1} did you see my pm, if Iam not on ignore
[11:37] {samire} dino look at sina
[11:37] {samire} i called it
[11:37] {rizvisy1} Ron is big time player, lol
[11:37] {samire} lol
[11:38] {dino} been looking at it, wanted the pullback to 81.50, no go
[11:39] {samire} where is Vad ?
[11:39] {Threei} still in Canada
[11:39] {RonS} lol
[11:39] {dino} riz yes, replied
[11:40] {samire} call some thing please
[11:40] {Threei} hmmm... my wife is home
[11:40] {Threei} I can't call some random pretty things while she is within earshot
[11:41] {samire} is she a trader ?
[11:42] {RonS} bet yes...trades 3i's money for things...
[11:42] {Threei} lol
[11:43] {dino} lol ron
[11:44] {rizvisy1} lol
[11:44] {samire} dino....de is moving.....congrat
[11:46] {samire} r u still holding de ?
[11:47] {samire} Vad...did you take any trades today.....i logged in 30 minutes after market opened
[11:48] {Threei} of course
[11:48] {samire} wins ?
[11:48] {Threei} yes
[11:48] {Threei} RIMM short,
[11:48] {ese} hey Ron.....verrrrrrrryyyyyyy funny!
[11:48] {Threei} FCX short
[11:50] {samire} i missed both
[11:50] {samire} did u win both
[11:51] {dino} out tfm .42, +.42
[11:51] {Threei} yes
[11:52] {dino} sami, yes still in
[11:52] {samire} no
[11:52] {samire} only took de
[11:57] {samire} i did not take tfm
[11:58] {samire} i should have
[11:59] {dino} out de .40, +.30
[11:59] {samire} gj
[12:03] {RonS} lol: http://tinyurl.com/6goe5ja
[12:06] {dino} ty sami, going to slow down, good morning and friday afternoons usually suck
[12:08] {samire} dino for 2012 president
[12:10] {RonS} mco hahaha...sec weighing civil fraud charges...
[12:10] {dino} they should ron
[12:10] {RonS} ya, about 2 years ago...
[12:11] {dino} agreed
[12:12] {rizvisy1} Sam you switch you presidential nomination each day, two days back it was Vad, lol
[12:13] {rizvisy1} lol,I hope you don't believe in one day presidential system
[12:14] {samire} it will be you Monday
[12:15] {rizvisy1} hah, you make me so very happy
[12:15] {samire} i am mad at Vad because he took 2 early trades without me....then nothing
[12:15] {Threei} hmmm
[12:16] {Threei} oh well... I got so many people mad at me at various points of my life and for various reasons... one more, not much difference {G}
[12:19] {dino} i say, you mad at me, i'm mad at you. so we're even
[12:21] {Threei} ese, look dcc please
[12:26] {Threei} TZA
[12:26] {Threei} looking for entry on pullback
[12:27] {Threei} if my read on the market is right, we are going to bounce a bit, then selloff resumes and accelerates
[12:27] {Threei} TZA around .40 would be perfect
[12:33] {rizvisy1} Shares of Research In Motion (RIMM 27.43, -7.90) had been declining gradually since February, but today they have plummeted more than 20% so that they now trade at their lowest level in more than four years.
[12:35] {samire} Vad.....you had the right idea on TZA
[12:35] {Threei} depth of pullback was not enough for confident entry
[12:35] {samire} great try
[12:35] {Threei} .54 low
[12:36] {samire} i understand
[12:36] {Threei} sometimes general read is correct but exact entry just doesn't come tigether
[12:36] {Threei} I wouldn't feel comfirtable with entry above .50
[12:36] {Threei} no support to under .40
[12:41] {dino} jst
[12:42] {Threei} crap
[12:42] {Threei} this TZA trade really got away eh
[12:42] {dino} 07 all red
[12:43] {Threei} ese, you here?
[12:46] {dino} jst sm l .86
[12:50] {Threei} let's start trying to market breakdown
[12:50] {Threei} Long Setup: TZA .90 break if stays above .80
[12:51] {Threei} actual setup is of course 41 break, I want aggressive entry
[12:51] {Threei} not a scalp
[12:51] {Threei} want to start partialing into spike after 41 break
[12:51] {Threei} 1:1
[12:52] {Threei} half out .15
[12:52] {Threei} samire is no longer mad at me
[12:52] {Threei} (I hope)
[12:52] {dino} lol
[12:53] {Threei} 25 cents on first partial, not too shabby
[12:54] {Threei} second partial above .30
[12:54] {Threei} out .31
[12:54] {Threei} 1/4 left
[12:54] {nemo} probably get bounce at .24 on iwm
[12:54] {Threei} 40 cents on second partial
[12:55] {nemo} below that .11
[12:55] {Threei} samire!
[12:55] {Threei} do tell me you are happy
[12:57] {nemo} alright, bounced at .26
[13:07] {patience} nice run on tza
[13:07] {nemo} fine, I just took .26 tna
[13:08] {dino} out jst .20, +.34
[13:08] {nemo} spy and IWM were DBing
[13:09] {dino} too soon
[13:13] {nemo} got spy test inside BB
[13:15] {nemo} iff iwm drops .24 should go to .11
[13:15] {nemo} spy clear ride to .45
[13:18] {Threei} over and out TZA
[13:18] {Threei} +.65
[13:18] {samire} great job
[13:18] {samire} Vad 4 president
06[13:19] * nemo slaps samire around a bit with a large trout
[13:19] {dino} gj
[13:19] {nemo} most excellent trader dude
[13:21] {samire} in de l
[13:21] {rizvisy1} Sam long you mean?
[13:23] {samire} y
[13:23] {samire} long de
[13:24] {samire} too late now
[13:24] {samire} went in .42
[13:25] {rizvisy1} saw that
[13:27] {samire} out .62
[13:27] {samire} + .20
[13:28] {samire} de
[13:28] {dino} sm l panl .86
[13:28] {dino} gj de sami
[13:47] {Threei} SLW
[13:47] {Threei} tests the low
[13:50] {dino} panl stop -.36
[13:54] {Threei} be back in 20
[13:54] {rizvisy1} dino... panl went upto .97 did you scalped or missed it?
[13:55] {rizvisy1} I thought it was +ve trade for you
[13:56] {dino} wanted .16, so no
[13:57] {rizvisy1} oh ok
[14:08] {dino} wow panl. -17 in june alone
[14:14] {Threei} back
[14:19] {dino} how did i miss panl bounce
[14:29] {davd} spy vwap .45
[14:38] {dino} regn drop
[14:38] {dino} gap fill
[14:39] {dino} sm l .75
[14:41] {dino} gpro spike
[14:46] {dino} out regn .stop-.25
[14:46] {dino} typical friday afternoon give back
[14:48] {dino} rinsed
[14:50] {rizvisy1} dino .. you are not alone
[14:50] {rizvisy1} rinsed and gone back down
[14:52] {rizvisy1} waiting for Vad THE Savior...
[14:54] {dino} damn
[14:54] {dino} look at it go w/o me
[14:55] {Threei} I feel exhausted riz
[14:55] {dino} tequilla helps bring you back
[14:55] {Threei} lol
[14:55] {rizvisy1} why leader? what were you doing in 20 min/
[14:56] {rizvisy1} or its exhaustion of whole week
[14:56] {Threei} yeah
[14:56] {Threei} wasn't the easiest week for the market, and we fared very well
[14:56] {rizvisy1} agree
[14:59] {rizvisy1} well, we are still here to say bye to rough week,
[15:00] {Threei} just don't feel like doing anything else today
[15:00] {Threei} how about we finish the eek on this winning note
[15:00] {patience} it was a positive trading week for me, thanks to vad 's calls. made my daily 4 out of 5 days :)
[15:00] {Threei} let's do just that, and pick up where we ended next week
[15:00] {Threei} thank you all, have a great relaxing weekend
[15:00] {Threei} see you all on Monday
[15:01] {Threei} check out today's catch of the day
[15:01] {dino} cya vad, gj
[15:01] {rizvisy1} bye Vad
[15:03] {jfjf64} ty
[15:04] {dino} sami, where you at today? 9of13 here
[15:15] {rizvisy1} dino, lookig to short tfm around 35.00 any ideas?
[15:18] {dino} don't think it will get there
[15:19] {dino} regn drop
[15:19] {nemo} this may be longs getting out for the Greek weekend
[15:20] {dino} sm l .33 regn
[15:25] {dino} .98 is stop
[15:25] {rizvisy1} ok
[15:26] {dino} stop
[15:26] {rizvisy1} out
[15:26] {dino} calling it a week. thx all, good times
[15:27] {rizvisy1} bye dino, great weekend
[15:27] {dino} u2, gl
[15:27] {rizvisy1} thanks once again
[15:28] {dino} np