Thursday, May 5, 2011

May 05 2011

[15:00] {RonS} 98.48
[15:04] {jfjf64} nvls s .20
[15:06] {jfjf64} dieeeeeeeeeeeeee
[15:06] {Threei}  wow
[15:11] {Threei}  what the deuce
[15:11] {Threei}  no news
[15:14] {Threei}  SLW bounce scalp
[15:14] {Threei}  ugh, don't chanse
[15:14] {Threei}  .40 break was it
[15:14] {RonS} huge buyers showing up in es nq futes
[15:14] {RonS} 2.0 mil contracts in es, 720k in nq...they could get overwhelmed
[15:14] {RonS} ...order flow is going aganist them
[15:15] {Threei}  1:1... crap
[15:15] {jfjf64} rats
[15:15] {Threei}  SLV Spot silver extends decline below $35/oz
[15:16] {Threei}  1:2, double crap
[15:16] {jfjf64} double rats
[15:16] {RonS} got .43 to .59  thanks 3i
[15:16] {Threei}  wtg
[15:16] {Threei}  1:3 - triple
[15:16] {dino} 1335 gap filled
[15:16] {Threei}  I myself missed it typing, lol
[15:17] {dino} markets really fell off, news?
[15:18] {RonS} the markets should have been selling off all day w/ what happened in oil, metals and the $
[15:19] {RonS} .spx should be down +20...
[15:19] {dino} uso gap 36.48 area
[15:23] {RonS} gmcr breaking into gap
[15:24] {dino} s/p -2.8% from week high
[15:24] {dino} looks like i am going to miss some fun tomorrow
[15:25] {Threei}  what's tomorrow?
[15:25] {dino} golf tourny
[15:27] {Threei}  CME temporarily extends crude oil futures limit down from $10 to $20 - CNBC
[15:27] {Threei}  - Because futures closed near the limit down of $10, CME says it will extend the limit down for the rest of today's electronic session. Will revert back to a $10 limit down tomorrow.
[15:28] {RonS} wow...are these guys political or what?  silver margins, now this
[15:28] {Threei}  I am not sure I get the logic of this
[15:28] {Threei}  but whatever
[15:28] {dino} socking it to the speculators, changing the rules during the game
[15:28] {Threei}  their thinking is beyond rational
[15:28] {RonS} 'cause the guvmint and ben ant oil down
[15:28] {RonS} want
[15:28] {dino} yes
[15:29] {Threei}  well... I do too :)
[15:29] {dino} game remains rigged, just like random halts
[15:29] {Threei}  in fact, $3 per barrel seems about right to me
[15:29] {dino} and they say market manipulation does not happen, lol
[15:29] {RonS} back to the '60's
[15:29] {Threei}  but they say it's us dino
[15:29] {Threei}  I say it's them
[15:29] {dino} last drop was 35 or so ron
[15:30] {dino} it is them, ie govt
[15:30] {dino} scanners solid red for minutes, unusual
[15:30] {_rizvisy1} only TZA is shootin star
[15:31] {dino} reminds me of the govt blaming thecshorts in '08, now its the lonfgs on commodities
[15:31] {Threei}  of course... TZA is inverse
[15:31] {jfjf64} joke
[15:31] {dino} in any case, imagine a lot of margin calls starting
[15:32] {Threei}  I feel all warm and fuzzy imagining that
[15:33] {dino} back in ten or so. want to see how this closes
[15:33] {dino} gut says retail benefits as well as restaurant chains from this drop
[15:33] {davd} airlines, fedex benefit
[15:34] {dino} y
[15:51] {Threei}  weak bounce into close
[15:51] {Threei}  unimpressed
[15:51] {Threei}  this seloff is far from over I suspect
[15:52] {RonS} nfp in the a.m.
[15:54] {Threei}  ok guys, thaank you aall
[15:54] {Threei}  have a good evening, see you tomorrow
[15:54] {jfjf64} ty

May 05 2011

Shaky morning with whipsaw action, stabilized later to provide us with modest but profitable day.

Session Time: Thu May 05 00:00:00 2011
[08:58] {nemo} Knock Knock
[08:58] {Threei}  sigh
[08:59] {Threei}  I kind of hoped no one would notice it's morning
[08:59] {nemo} barely...not sleeping well, so haven't got my eyelids open yet
[09:04] {Threei}  davd forgot where the door is... strong case of jf-ism
[09:07] {Threei}  UUP broke that 21 we spoke of yesterday
[09:08] {RonS} gm, ya the eur went from 1.484 to 1.4691 now all in an hour...must have been trichet comments
[09:09] {Threei}  also, jobless claims
[09:09] {RonS} good point...but would not more jobless equal weaker dollar as it keeps pressure on ben to remain loose?
[09:10] {Threei}  that was the logic of late, buit it seems to unravel
[09:10] {dino} gm all
[09:11] {Threei}  dino :)
[09:11] {RonS} guess it is a flight to safety as the risk off trade goes away as the realization is that stagflation is here
[09:11] {davd} gm all
[09:11] {Threei}  aside of this line of thinking, there is also "safe heaven" one,
[09:11] {Threei}  exactly ron, just what I started typing
[09:11] {Threei}  davd :)
[09:11] {davd} safe haven or heaven
[09:11] {Threei}  haven, lol
[09:12] {davd} i didnt see the beginning of the conversation, so didnt want to be confused all day
[09:12] {Threei}  link between brain and fingers that has never been very string becomes especially loose early morning
[09:12] {Threei}  string = strong
[09:12] {RonS} wfmi had april same sotre sale up 8% but i wonder how much of that is pure inflation
[09:12] {RonS} store
[09:13] {_rizvisy1} gm everyone
[09:13] {Threei}  riz :)
[09:13] {_rizvisy1} gm dav
[09:13] {RonS} nice work on the trade of the day 3i...btw
[09:13] {davd} wfmi at 50% of last eve spike
[09:14] {Threei}  ty kind sir
[09:14] {Threei}  (GR) ECB Trichet: Greek debt restructuring is 'not in the cards'
[09:14] {Threei}  hey, give this man a new deck someone
[09:15] {davd} in the same vein of food cost - grains etc... down to late march levels, ie next qtr earnings may reflect higher margins as applicable
[09:16] {davd} 3i - thoughts on first 30 minutes of market?
[09:16] {davd} prep for standard self deprecating statement
[09:16] {Threei}  my inclination is to short bounces
[09:16] {Threei}  rofl
[09:16] {davd} oohh i stand corrected
[09:16] {Threei}  no, it's coming
[09:17] {Threei}  it's just that I was going to make that comment anyway
[09:17] {larisa} gm :)
[09:17] {Threei}  larisa :)
[09:17] {Threei}  so... shorting bounces as first thing is on my mind,
[09:17] {larisa} vad :)
[09:17] {Threei}  but I most likely will have to skip first minutes,
[09:18] {Threei}  gap down is significant, and volatility of first opening moves may be beyond controllable
[09:18] {davd} why, do you have to flip the bacon?
[09:19] {Threei}  kidding? flipping bacon myself is not what I got married for
[09:19] {Threei}  now, you know that the depth of thinking in these lines is way above what I am normally capable of, which means I exhausted my thinking capacity for the day,
[09:20] {Threei}  so from now on expect my comments to come to "ugh," "ah" and "grr"
[09:20] {davd} actually, my deal is - i do bfast, she does everything else.
[09:21] {Threei}  keep UUP somewhere on the screen today, I strongly suspect a lot of moves today will be dictated by it
[09:22] {RonS} mos touched its 200 day ma yesterday...whatever that means
[09:23] {dino} below gaps, ndx 2351, 2306; s/p 1335, 1330, 1312
[09:24] {Threei}  RIMM stays arounf flat/slightly green despite market gap down
[09:25] {Threei}  US) Fed's Bernanke: Does not comment on economic outlook, monetary policy
[09:25] {Threei}  hmmm
[09:25] {Threei}  ok... whatever... life is too short
[09:26] {Threei}  let's keep an eye on RIMM
[09:26] {Threei}  possible long candidate
[09:27] {Threei}  (PO) Portugal Banking Assoc head: Banks are unlikely to require funds from bailout
[09:27] {Threei}  uhhu
[09:27] {jfjf64} mornin all
[09:28] {Threei}  jf :)
[09:28] {Threei}  ese is fast asleep after yesterday's performance
[09:29] {Threei}  everyone studied yesterday's catch of the day?
06[09:29] * Threei unbuttons the gun holster
[09:31] {jfjf64} yes
[09:31] {jfjf64} nicelly done
[09:31] {Threei} Long Setup:  RIMM  .25 break half lot
[09:31] {Threei}  if stays above .10
[09:31] {Threei}  high risk
[09:32] {Threei}  invalidated
[09:32] {Threei}  watching for better entry
[09:33] {jfjf64} anyway you cd do in pdf form   would like to print out   make book of
[09:33] {Threei}  some day I'll turn them into course, possibly in video format
[09:33] {jfjf64} catch of day
[09:34] {Threei} Short Setup: SLW  36 break
[09:34] {Threei}  half out
[09:34] {Threei}  stop .05
[09:35] {Threei}  RIMM got away
[09:35] {Threei}  SLW 1/4 more out
[09:35] {Threei}  stop .01
[09:35] {jfjf64} nice slw
[09:35] {jfjf64} ty
[09:35] {Threei}  out in full
[09:36] {Threei}  SLW short as a first trade of the day... hnow original and unexpected
[09:37] {Threei}  note that UUP upticks sent it down
[09:37] {Threei}  ugh, missed RIMM entry completely
[09:38] {Threei}  OK, another SLW short coming up
[09:39] {Threei} Short Setup: SLW  .25 break
[09:39] {Threei}  stop above .35
[09:39] {Threei}  1;1
[09:39] {Threei}  stop to .31
[09:40] {Threei}  scalpers win this time
[09:40] {Threei} Short Setup: RIMM  .60 break
[09:41] {Threei}  if stays under .70
[09:41] {Threei}  invalidated
[09:41] {Threei} Short Setup: RIMM  .70 break
[09:42] {Threei}  if stays under .80
[09:42] {Threei}  target about .40, 3 partials
[09:44] {Threei}  holding a bit too well for my taste...
[09:44] {nemo} yeah, I was out .67
[09:44] {Threei}  no faith whatsoever
[09:45] {nemo} to much buying
[09:45] {nemo} if it drops .65 I'm in, I was short from .73...75 was pivot
[09:46] {Threei}  stop to .76
[09:46] {Threei}  out
[09:48] {nemo} this is the level rimm
[09:48] {Natali} gm:)
[09:48] {nemo} bids stepping up, it's sstrong right now
[09:48] {Threei}  natali :)
[09:49] {dino} regn sm l .95
[09:49] {dino} wlk sm l .65
[09:50] {Threei}  FCX
[09:50] {Threei}  see if bounces into .50
[09:50] {Threei}  here it is
[09:50] {Threei}  short half lot
[09:50] {Threei}  stop above .60
[09:50] {Threei}  no go
[09:50] {davd} dollar continues to strengthen.  well above 5 day high
[09:51] {Threei}  yeah, that 21 level was critical
[09:51] {Threei} Short Setup: FCX  .80 break half lot
[09:52] {Threei}  invalidated
[09:52] {Threei}  getting closer though
[09:52] {Threei} Short Setup: FCX  51 break half lot
[09:53] {dino} out regn .39, +.44
[09:53] {Threei}  stop is obvious
[09:53] {Threei}  1:1
[09:53] {Threei}  1:2
[09:53] {Threei}  out in full
[09:53] {gregns} got it ty,,
[09:54] {Threei}  sure thing
[09:54] {Threei}  volatility as foreseen is abnormal this morning
[09:54] {Threei}  and my brain activity is way below normal
[09:54] {nemo} yes, emperor Palpatine
[09:54] {Threei}  not that my normal is very high, mind you
[09:55] {Threei}  and you nemo... you are guilty of mortal sin this morning
[09:55] {nemo} that being?
[09:55] {Threei}  you are (gulp) THINKING
[09:55] {nemo} no, I was reading the tape
[09:55] {nemo} too much buying with the bids stepping up and the offers lifting
[09:55] {nemo} shrting a little rimm
[09:55] {Threei}  man... he can read too... I feel so inferior
[09:56] {nemo} See cat run
[09:56] {jfjf64} doubting the master
[09:56] {nemo} rethinking my short here, ton of buying at .90, but if it drops
[09:56] {nemo} MEGA TON of buying
[09:57] {Threei}  {nemo} rethinking
[09:57] {Threei}  see?
[09:57] {Threei}  thinking and, worse yet, re-thinking
[09:57] {Threei}  OK, SLW
[09:57] {Threei}  lower highs
[09:57] {nemo} took .81 partial
[09:57] {Threei}  nope, spiked to a higher one
[09:57] {Threei}  no setup
[09:58] {jfjf64} ?
[09:58] {Threei}  look UUP/SLW correlation
[09:59] {davd} same - which is opposite
[09:59] {Threei}  right
[09:59] {Threei}  I meant, very string one
[09:59] {Threei}  strong
[09:59] {nemo} gmcr
[10:00] {jfjf64} in
[10:00] {jfjf64} gmcr
[10:00] {jfjf64} s
[10:00] {davd} other factors re slow vs uup imo
[10:00] {nemo} I tried getting filled on the whole, right by
[10:00] {davd} slw vs uup
[10:00] {jfjf64} dieeeeeeeee
[10:01] {jfjf64} gmcr
[10:01] {nemo} scalpers win rimm if .96 lifts
[10:02] {dino} out wlk .ndx green
[10:02] {dino} wlk.14, +.49
[10:03] {Threei} Short Setup: X  .60 break half lot
[10:03] {nemo} got gmcr break of .80
[10:03] {Threei}  if stays under .70
[10:03] {nemo} took .1/2 .54
[10:03] {jfjf64} in.90
[10:04] {Threei}  no go
[10:04] {nemo} watch pivot support gmcr .50
[10:04] {Threei}  shaky morning... hit one miss one
[10:06] {dino} hmmm, seems i sold both way too soon
[10:13] {jfjf64} jf says fill gap  gmcr
[10:13] {dino}  tbl
[10:14] {dino} gap 29.65
[10:14] {Threei} Short Setup: EQR  .05 break
[10:14] {Threei}  if stays under .10
[10:14] {Threei}  .12 stop
[10:16] {dino} kra
[10:17] {Threei}  .96 half out
[10:17] {Threei}  stop to .06
[10:19] {Threei}  bid .86 1/4 more
[10:23] {RonS} ppo thoughts dino?
[10:24] {dino} gut says short, but not sure where
[10:25] {dino} things trades clunky
[10:25] {dino} tbl coming into gap
[10:26] {dino} ppo sm s break .00
[10:26] {dino} bstop .25
[10:27] {Threei}  EQR stop to 59.01
[10:27] {dino} to flat
[10:27] {dino} cov flat
[10:28] {dino} too tight
[10:28] {Threei}  1/4 more out
[10:28] {dino} ,80 supp ppo so far
[10:28] {Threei}  stress-free trade
[10:28] {dino} gj
[10:29] {Threei}  ty
[10:31] {dino} celg drop
[10:34] {RonS} celg hearing db neg comments
[10:36] {dino} ty
[10:38] {dino} tbl gap fill
[10:39] {dino} sm l .55 tbl
[10:40] {dino} stop is .47
[10:41] {dino} stop -.08 will re-load lower
[10:42] {Threei}  done with EQR
[10:45] {dino} tbl sm l .50
[10:47] {dino} stop is .24, brb
[10:53] {Threei}  was watching CAT for short near .50
[10:54] {Threei}  darn thing dropped faster than I could determine any kind of trigger
[10:56] {RonS} oil futes at 103.85
[10:59] {RonS} tbl taken to woodshed...:P
[10:59] {RonS} ...coming into corn season...:)
[11:00] {dino} rinsed me twice
[11:01] {RonS} got it for .25....20 to .45
[11:02] {RonS} think i am done w/ it...these have been brutal of late
[11:03] {Threei} Short Setup: SLW  36 break
[11:03] {dino} brutal, but profittable
[11:03] {dino} would like a pullback to .50s
[11:05] {Threei}  stop is too obvious, I wn't insult your intelligence
[11:05] {Threei}  not a scalp
[11:06] {Threei}  1:1, galf out
[11:06] {Threei}  half too
[11:06] {Threei}  stop to .05
[11:07] {dino} dji falling
[11:08] {RonS} the big bid shook me out but got .02 to .90 +.12 thanks 3i
[11:08] {Threei}  welcome...
[11:08] {Threei}  but come on...
[11:09] {Threei}  since when we trade on level 2
[11:09] {Threei}  1:2
[11:09] {Threei}  1/4 more out
[11:09] {Threei}  stop to 36.01
[11:10] {Threei}  (EU) ECB's Trichet reiterates that the crisis is not over, depending on Finland to make the right decision on EFSF
[11:10] {dino} tbl sm l .40
[11:11] {Threei}  really? EU crisis resolution deoends on Finland?
[11:11] {Threei}  I say EU is deader than deadest of the dead
[11:11] {Threei}  one more headline competiong for the Daily Dose of Idiocy Award:
[11:11] {Threei}  Netflix Inc Ticks higher on circulation of financial press blog makes a case for why Amazon should consider buying NFLX
[11:12] {Threei}  SLW 1:3
[11:12] {Threei}  trailing, not covering
[11:12] {Threei}  1:4
[11:13] {dino} wlk sm l .64
[11:13] {Threei}  1:5
[11:13] {Threei}  out almost all here, 100 shares left
[11:13] {RonS} oil down $7 now to 101.45
[11:13] {Threei}  stop to .85
[11:14] {dino} main drop
[11:15] {dino} main sm l .91
[11:16] {dino} bit of chaos today
[11:16] {Threei}  true
[11:17] {Threei}  done with SLW
[11:17] {Threei}  this one solidified day ad profitable
[11:17] {Threei}  as
[11:18] {dino} out main .29, +.38
[11:20] {dino} rht spike
[11:34] {dino} hrs sm l .11
[11:38] {dino} out wlk .05, +.41
[11:40] {Threei}  Research in Motion Ltd Strength attributed to circulation of financial press column making a case for why MSFT should consider buying RIMM- Toronto Globe and Mail tech column suggest MSFT/RIMM merger could target competition with Apple.
[11:40] {Threei}  lol
[11:40] {dino} old one
[11:40] {Threei}  hard to believe someone could go ahead and buy on that
[11:42] {RonS} kra gonna go for a gap fill dino?
[11:42] {Threei}  then again, I couldn't believe someone could vote for tree-hugging hippie with love for marijuana either, but that's who we elected
[11:43] {dino} ron, maybe, report was ok from what i read
[11:44] {dino} but chems have been bloodied on good reports last few days
[11:48] {RonS} snagged .45 on kra  thanks dino
[11:49] {dino} gj
[11:50] {Threei}  nice
[11:59] {RonS} eur 145.77
[11:59] {RonS} -.03 on the day
[12:00] {RonS} meaning from 148.75
[12:05] {Threei}  AIG AIG execs and US Treasury at loggerheads on deal pricing, treasury looking for price near the current price, advisors seeking a lower price - CNBC's Kelly
[12:06] {dino} out tbl .80, +.40 got lucky
[12:09] {RonS} dang it dino look recovery in meli
[12:10] {dino} wow
[12:11] {dino} pulp
[12:14] {dino} dgit?
[12:14] {dino} beats by .14
[12:15] {dino} sm l .04
[12:18] {Threei}  riz, look dcc
[12:20] {_rizvisy1} dcc?
[12:20] {_rizvisy1} lol
[12:21] {_rizvisy1} just sleepy late night movie
[12:22] {Threei}  private message
[12:24] {dino} lol
[12:42] {Threei}  (US) US Senator Kyl (R-AZ); Talks on deficit with VP Biden went 'great'
[12:42] {Threei}  I am so happy for them
[12:49] {dino} roflol
[13:04] {Threei}  did I read this right
[13:04] {Threei}  UN human rights commissions questions whether US killed Bin laden legally
[13:04] {Threei}  where the f**k is the bulldozer?
[13:07] {RonS} guess holder needs to get prosecutin...
[13:07] {Threei}  how come that building is still standing
[13:08] {RonS} graft, etc
[13:09] {dino}  should have buried him in a pig carcass
[13:15] {RonS} dg may be a fast channel but it's a hypnosis stock...
[13:15] {dino}  dog
[13:15] {dino} should've took .44
[13:15] {dino} gut said .60s
[13:22] {davd} nemo what do you have as vwap 134.72?
[13:22] {nemo} on what, spy or spx?
[13:23] {davd} spy re freestocks...
[13:23] {nemo} 134.28
[13:24] {davd} ah  1 day 3 minutes?
[13:25] {nemo} sub 1 day, that's what it's calculated on, intraday
[13:25] {nemo} moving vwap is something else
[13:26] {nemo} you can measure vwap for multi-day trading for that
[13:27] {Threei}  I just tried to measure the depth of my coma
[13:27] {Threei}  guess what
[13:27] {Threei}  could find no bottom
[13:27] {dino}  out dgit .34, +.30
[13:32] {Threei}  (IR) Ireland PM Kenny: It is possible for Ireland to avoid a debt restructuring
[13:32] {Threei}  and for 1000 monkeys to type out World and Peace
[13:34] {dino} well anythings possible
[13:36] {RonS} ya know...when the irish came to the US they were charcterized as monkeys...
[13:36] {Threei}  sure... I tried to put snowballs in the oven... and guess what - on 114th try power went out
[13:36] {Threei}  so it did survive
[13:37] {RonS} ...and from the pictures, it was warranted...
[13:37] {dino} hey, you're talking to a mc' here
[13:38] {dino} and a pretty good looking one at that i'm told
06[13:38] * Threei envisions magoo in tutut
[13:39] {Threei}  oh my retina...
[13:39] {dino} nasty
[13:40] {RonS} 1/4 irish here...a finn, as in Mickey...
[13:51] {Threei}  (US) Fed's Kocherlakota: Economic recovery would be stronger with more strength in construction
[13:51] {Threei}  genius
[13:51] {Threei}  and I would be more bus-like looking should I have wheels attached
[13:52] {Threei}  - Fair valuation of Chinese Yuan is complicated.
[13:52] {RonS} sorry...but...and a tailpipe sticking out your rear...
[13:53] {Threei}  price movie tickets then, should be simpler
[13:53] {Threei}  - Fed cannot respond to monthly changes on inflation; Rising oil prices have weighed on consumer sentiment
[13:53] {Threei}  Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[13:53] {Threei}  you don't say
[13:54] {RonS} out dgit .52 +.37
[13:57] {RonS} wow...oil now 100.75
[13:58] {RonS} 'nother wow, eur at 1.4560
[13:58] {Threei}  - Markets have faith in US treasuries, encouraged by seriousness of deficit discussions in Congress
06[13:58] * Threei faints
[13:59] {nemo} that's frickin' disgusting
[13:59] {Threei}  how delusional these folks can be?
[13:59] {nemo} talking points
[13:59] {nemo} they know the pooch has been screwed
[13:59] {Threei}  they even met the pooch
[13:59] {RonS} lol...woof
[14:08] {Threei}  USD is amazing today
[14:08] {RonS} oil trying a bounce from 100.08...
[14:08] {Threei}  that 21 was as clear long trigger as they get
[14:11] {RonS} oil bounce fail below 100 now
[14:11] {gregns} SLW break of lod?
[14:11] {dino} dgit hits the .60s w/o me
[14:11] {Threei}  I think so greg
[14:11] {RonS} x 46 break short?
[14:11] {Threei}  it's fully USD play at this point
[14:12] {Threei}  not on its own chart
[14:12] {Threei}  look at this UUP spike and corresponding SLW breakdown
[14:27] {RonS} oil now 99.58
[14:33] {Threei}  Qatar Oil Min: There are no issues with the supply of oil; supplies are healthy
[14:33] {Threei}  as opposite to sick
[14:34] {RonS} gmcr looks to be angling for a gap fill...prob not today
[14:45] {RonS} slap me upside the head...why have i not been looking at the airlines?
[14:48] {dino} slap me on dgit ron, thing went a buck
[14:48] {jfjf64} gmcr
[14:48] {jfjf64} lod
[14:49] {RonS} dgit murphy stock...had we stayed in it woulda crashed
[14:50] {Threei}  SLW death was horrific
[14:50] {gregns} anybody got SLW , VAd?
[14:51] {Threei}  I don't know greg... I don't have an access to accounts of everyone else... :)
[14:52] {RonS} oil now 99.22
[14:52] {RonS} .05
[14:53] {RonS} went to 98.80 and tryin a bounce
[14:53] {RonS} down $10
[14:53] {Threei}  canadian dollar is a beauty today
[14:53] {Threei}  down full cent
[14:53] {Threei}  may I have two months of this?
[14:54] {RonS} 98.72
[14:58] {dino} ironic how everybody complains when us dollar falls, but when yours drops you like it
[14:58] {nemo} he trades in $s
[14:58] {Threei}  how could I not
[14:58] {Threei}  I trade in USD
[14:59] {Threei}  I live in CDN
[14:59] {Threei}  what I earn I have to convert
[14:59] {Threei}  USD drops as it does, CDN goes from 0.8 to 1.05
[14:59] {Threei}  want to do a math how mkuch my pay gets cut?
[15:00] {Threei}  believe me, it's much more immediate impact than inflation has on you who trades and lives in USD
[15:00] {dino} i understand. just everybody wants theres weaker in comparison to usd
[15:00] {RonS} 98.48
[15:01] {Threei}  I will be fine with balance - but taking a 30% cut over a course of months, show me how many can sustain that
[15:04] {jfjf64} nvls s .20
[15:06] {jfjf64} dieeeeeeeeeeeeee
[15:06] {Threei}  wow
[15:11] {Threei}  what the deuce
[15:11] {Threei}  no news
[15:14] {Threei}  SLW bounce scalp
[15:14] {Threei}  ugh, don't chanse
[15:14] {Threei}  .40 break was it
[15:14] {RonS} huge buyers showing up in es nq futes
[15:14] {RonS} 2.0 mil contracts in es, 720k in nq...they could get overwhelmed
[15:14] {RonS} ...order flow is going aganist them
[15:15] {Threei}  1:1... crap
[15:15] {jfjf64} rats
[15:15] {Threei}  SLV Spot silver extends decline below $35/oz
[15:16] {Threei}  1:2, double crap
[15:16] {jfjf64} double rats
[15:16] {RonS} got .43 to .59  thanks 3i
[15:16] {Threei}  wtg
[15:16] {Threei}  1:3 - triple
[15:16] {dino} 1335 gap filled
[15:16] {Threei}  I myself missed it typing, lol
[15:17] {dino} markets really fell off, news?
[15:18] {RonS} the markets should have been selling off all day w/ what happened in oil, metals and the $
[15:19] {RonS} .spx should be down +20...
[15:19] {dino} uso gap 36.48 area
[15:23] {RonS} gmcr breaking into gap
[15:24] {dino} s/p -2.8% from week high
[15:24] {dino} looks like i am going to miss some fun tomorrow
[15:25] {Threei}  what's tomorrow?
[15:25] {dino} golf tourny
[15:27] {Threei}  CME temporarily extends crude oil futures limit down from $10 to $20 - CNBC
[15:27] {Threei}  - Because futures closed near the limit down of $10, CME says it will extend the limit down for the rest of today's electronic session. Will revert back to a $10 limit down tomorrow.
[15:28] {RonS} wow...are these guys political or what?  silver margins, now this
[15:28] {Threei}  I am not sure I get the logic of this
[15:28] {Threei}  but whatever
[15:28] {dino} socking it to the speculators, changing the rules during the game
[15:28] {Threei}  their thinking is beyond rational
[15:28] {RonS} 'cause the guvmint and ben ant oil down
[15:28] {RonS} want
[15:28] {dino} yes
[15:29] {Threei}  well... I do too :)
[15:29] {dino} game remains rigged, just like random halts
[15:29] {Threei}  in fact, $3 per barrel seems about right to me
[15:29] {dino} and they say market manipulation does not happen, lol
[15:29] {RonS} back to the '60's
[15:29] {Threei}  but they say it's us dino
[15:29] {Threei}  I say it's them
[15:29] {dino} last drop was 35 or so ron
[15:30] {dino} it is them, ie govt
[15:30] {dino} scanners solid red for minutes, unusual
[15:30] {_rizvisy1} only TZA is shootin star
[15:31] {dino} reminds me of the govt blaming thecshorts in '08, now its the lonfgs on commodities
[15:31] {Threei}  of course... TZA is inverse
[15:31] {jfjf64} joke
[15:31] {dino} in any case, imagine a lot of margin calls starting
[15:32] {Threei}  I feel all warm and fuzzy imagining that
[15:33] {dino} back in ten or so. want to see how this closes
[15:33] {dino} gut says retail benefits as well as restaurant chains from this drop
[15:33] {davd} airlines, fedex benefit
[15:34] {dino} y
[15:51] {Threei}  weak bounce into close
[15:51] {Threei}  unimpressed
[15:51] {Threei}  this seloff is far from over I suspect
[15:52] {RonS} nfp in the a.m.
[15:54] {Threei}  ok guys, thaank you aall
[15:54] {Threei}  have a good evening, see you tomorrow
[15:54] {jfjf64} ty

Wednesday, May 4, 2011

May 04 2011

Trade management, stop trailing and other niceties.


This trade is pretty much a routine, "another day in the office" type - but I want to use it to illustrate how we manage the trade as it develops. It starts with fairly standard breakout of Cup and Handle type, $51 resistance to break. Initial stop is under the nearest support formed by a few bars prior to breakout, 50.85 (there is a variation for .90 for stricter risk control). Now, as stock moves in our favor we:


1. partial out (1/2 or 1/3) around 51.10 - .15;
2. trail stop to under breakeven level, 50.95.
3. partial out second time around 51.25 - 51.30
4. trail stop to under 51.15 - look at the new support formed on the chart during a pullback
5. and finally exit in full around 51.40 -.45 as our target is hit.

Chart illustrates it all perfectly. Notice also the volume configuration: it repeates the handle form, just as want it; then it dries up on pullback, confirming the uptrend.



Session Time: Wed May 04 00:00:00 2011
[08:58] {dino} gm all
[08:58] {Threei}  morning dino
[08:59] {dino} :)
[09:00] {nemo} we short SLW yet?
[09:00] {Threei}  lol
[09:00] {nemo} GMCR and LVS should be fun today
[09:00] {ese} mornin
[09:01] {Threei}  ese :)
[09:14] {larisa} gm :)
[09:15] {ese} dino....still have my eye on irf
[09:15] {Threei}  larisa :)
[09:15] {ese} mornin laris
[09:15] {larisa} vad, ese :)
[09:17] {nemo} MGM
[09:18] {dino} yes ese
[09:18] {dino} wlk too
[09:22] {_rizvisy1} gm all
[09:23] {Threei}  riz :)
[09:23] {_rizvisy1} vad gm
[09:27] {Threei}  LVS... possibly .75 breeak short if consolidates just a tad
[09:27] {Threei}  opening can be hectic for it though
[09:29] {jfjf64} mornin all
[09:30] {Threei}  jf :)
[09:30] {Threei}  what do you know, SLW was a short
[09:30] {Threei}  shocking
[09:31] {Threei}  LVS worked but no chance for a call
[09:31] {Threei}  let's let it bounce
[09:32] {Threei}  SLW, bounce candidate for a scalp
[09:32] {Threei} Long Setup:  SLW  .55 break
[09:32] {Threei}  .45 stop
[09:33] {Threei}  1:1
[09:33] {ese} L lvs .97
[09:34] {Threei}  1:2
[09:34] {Threei}  wow... that's way too far from bottom ese
[09:34] {ese} sm
[09:34] {ese} ya.....was going for .00 break
[09:34] {Threei}  sharp spike about 50 cents... it was a "hunt for short entry" rather than new long
[09:35] {Threei} Short Setup: SLW  .80 break
[09:35] {ese} out lvs .96
[09:35] {ese} -.01
[09:35] {Threei}  ugh, late a bit
[09:35] {Threei}  ok, in on second chance
[09:35] {Threei}  1:1
[09:36] {Threei}  1:2
[09:36] {dino} wlk sm l .50
[09:37] {Threei}  wow, volatility
[09:37] {dino} irf sm l .40 ave
[09:37] {ese} volitile.....thought it was gonna take off on the first break
[09:38] {Threei}  problem with this kind of entry... too much whipsawing action
[09:38] {Threei}  may get lucky if the very first sharp move after your entry is in your favor
[09:38] {ese} ya
[09:39] {Threei}  (JP) US Nuclear Regulatory Commission: Has only seen 'incremental improvements' in stabilizing reactors and spent fuels at Fukushima
[09:39] {Threei}  heh... news cycle has moved on, readers' atention span can't be that long... no one remembers those reactors anymore
[09:41] {dino} what reactors?
[09:41] {Threei} Short Setup: RIMM  .10
[09:41] {Threei}  lol
[09:41] {dino} out wlk .25,
[09:42] {dino} +.75
[09:42] {Threei}  wtg
[09:42] {dino} ty
[09:42] {ese} what nuclear plants?
[09:42] {Threei}  let's try aggressive
[09:42] {Threei} Short Setup: RIMM  .14 break
[09:42] {Threei}  if stays under .25
[09:42] {Threei}  .15 that was, sorry
[09:44] {ese} Lirf .36
[09:45] {Threei}  no go
[09:49] {Threei} Short Setup: VSEA  .25 break
[09:49] {Threei}  if stays under .30
[09:49] {Threei}  aggressive entry for .20
[09:51] {nemo} HRS
[09:51] {nemo} that
[09:52] {nemo} that's a buyout play Vad
[09:52] {Threei}  ?
[09:52] {nemo} VSEA
[09:53] {Threei}  missed that, thanks
[09:53] {Threei}  scratch that caall
[09:53] {nemo} yw
[09:54] {Threei} Short Setup: CAT  .60 break half lot
[09:55] {Threei}  invalidated
[09:56] {Threei}  looking for better entry though
[09:57] {Threei}  got away
[09:59] {nemo} wanted to sell .49s that didn't work
[09:59] {Threei}  NVIDIA Corp Weakness attributed to circulation of Mac related blog noting that yesterday's new iMac announcement featured AMD graphics processors, comments that Apple appears to be moving away from NVDA
[10:00] {Threei}  *(US) APR ISM NON-MANUFACTURING COMPOSITE: 52.8 V 57.5E
[10:00] {Threei}  argh CAT
[10:00] {nemo}  {nemo} wanted to sell .49s that didn't work
[10:00] {nemo} jumped right by
[10:07] {dino} wlk sm l .05
[10:10] {Threei}  bounce time CAT
[10:10] {Threei}  .62 long
[10:11] {Threei}  if holding .50
[10:11] {nemo} what stock
[10:11] {nemo} ?
[10:11] {Threei}  ??
[10:11] {nemo} cat
[10:11] {nemo} I have cat at 111
[10:11] {Threei}  [10:10] {Threei} bounce time CAT
[10:11] {jfjf64} you drinkin
[10:11] {Threei}  ugh
[10:11] {nemo} nope
[10:11] {Threei}  forget it, wrong quote
[10:11] {nemo} thought so
[10:12] {nemo} I know who is drinking
[10:12] {Threei}  lol
[10:12] {Threei}  anyway
[10:12] {Threei} Long Setup:  CAT  .10 break
[10:12] {Threei}  half lot
[10:12] {Threei}  stop under 111
[10:13] {Threei}  target .45
[10:13] {Threei} Long Setup:  FCX  .65
[10:13] {Threei}  if holding .50
[10:14] {Threei}  FCX invalidated
[10:15] {nemo} stop aroo
[10:15] {Threei}  no go CAT
[10:15] {Threei}  probably a rinse but...
[10:15] {patience} thanks vad, out of slw.to from earlier +.51
[10:16] {Threei}  wow... that was a good while ago
[10:16] {Threei}  yeah CAT rinsed
[10:16] {Threei}  it's wrong
[10:16] {nemo} I went long again
[10:16] {Threei}  target hit then
[10:16] {nemo} yeah .43
[10:17] {nemo} that was half
[10:18] {nemo} I'm out below .40
[10:19] {Threei}  FCX
[10:19] {Threei}  valid again
[10:19] {Threei}  target .90 - .95
[10:20] {jfjf64} missed
[10:20] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:21] {Threei}  second chance
[10:22] {jfjf64} .61
[10:22] {jfjf64} in
[10:22] {gregns} thats even better!
[10:22] {nemo} I'm out .68 cat
[10:22] {Threei}  wtg
[10:22] {jfjf64} comon fcx
[10:23] {dino} gj
[10:23] {jfjf64} pass the vodka  3i
[10:23] {RonS} BID blood
[10:25] {jfjf64} 2x4  please
[10:25] {dino} out irf .70, +.30
[10:26] {jfjf64} gj
[10:26] {dino} ty
[10:27] {jfjf64} fcx testing me
[10:27] {Threei}  no go
[10:28] {jfjf64} dog with fleas
[10:30] {ese} out irf .73 +.37
[10:31] {nemo} int
[10:32] {Threei}  CAT is back into trigger
[10:33] {jfjf64} gmcr   77.00 break dn
[10:33] {jfjf64} ??
[10:40] {dino} kro blood
[10:42] {dino} kro sm l .00
[10:42] {dino} out .50, +.50
[10:44] {Threei}  FCX...
[10:44] {Threei}  starts looking like another breakdown
[10:45] {Threei} Short Setup: FCX  51 break
[10:45] {Threei}  invalidated
[10:46] {Threei}  valida again
[10:46] {ese} ipgp
[10:46] {ese} dino
[10:47] {ese} depends on whether thats news is good enough
[10:47] {dino} kro drop again
[10:48] {ese} it beat and revs were up
[10:48] {dino} ipgp, upped to 65
[10:48] {dino} good news is bad last week or so
[10:48] {ese} ya
[10:48] {Threei}  1:1
[10:48] {dino} think ua, wlk, irf, kro, ipgp
[10:49] {dino} bsft bloody
[10:49] {ese} dn 7 bills on good news is basically bizzare
[10:49] {dino} same as above ones ese, somethings changing
[10:49] {ese} lookin for support at 60.00 i guess
[10:50] {ese} ya good point
[10:50] {Threei}  1:2
[10:50] {ese} some kinda top in the mrkt
[10:50] {Threei}  it's easy ese
[10:50] {dino} perhaps
[10:50] {Threei}  look at its daily
[10:50] {dino} gut says, careful
[10:50] {Threei}  march from 35 to 75
[10:50] {Threei}  then selloff after good news
[10:50] {Threei}  classic
[10:51] {ese} bull trap yesterday looks like
[10:51] {dino} 2351, 1335 gaps below
[10:52] {dino} chem plays are like wack-a-mole
[10:52] {ese} ouuuuuu....nice dollar bounce there ipgp
[10:52] {dino} wait for re-test imo
[10:53] {dino} kro lod area
[10:53] {ese} eeeyeowwwzaaaaaa
[10:53] {dino} broke
[10:54] {dino} sizing to 300 on these capits
[10:55] {dino} sm l .65
[10:55] {dino} kro
[10:56] {dino} out .07, +1.42
[10:56] {RonS} ...like the Pope giving a blessing...
[10:56] {ese} eeeeyeowwwzaaa on that one dino.....nice one
[10:56] {dino} wow
[10:57] {dino} lucky
[10:57] {dino} could've dropped that much that fast
[10:57] {dino} these earnings are brutal and volitile to extremes
[10:57] {ese} understatement
[10:58] {dino} keeps going up
[11:02] {dino} hrs upgrades, drop 4
[11:03] {dino} lots of gaps below it
[11:09] {dino} ipgp
[11:09] {dino} hrs sm l .50
[11:10] {dino} stop .19, using 3s
[11:15] {dino} open lod
[11:16] {davd} errant trade apple back 10:45am - mini flash crash?  cnbc
[11:17] {Threei} Short Setup: RIMM  .40 break
[11:17] {Threei}  (US) Treasury Dept informs Congress that $2T is required as an increase in debt limit to ensure Govt operates through to 2012
[11:19] {dino} 07 all red careful
[11:19] {dino} out wlk +.01
[11:21] {dino} a lot of stocks are down 10 bucks in last week
[11:23] {dino} ipgp app lod ese
[11:24] {Threei}  (FR) Moody's affirms AAA rating; rating is secure and is not conditional on implementation of constitutional budget limit
[11:24] {nemo} ctsh inflection here
[11:25] {Threei} Short Setup: X  right here
[11:25] {Threei}  stop above .80
[11:25] {Threei}  aggressive entry for .60 break
[11:27] {dino} sm l ipgp .95 ave
[11:27] {dino} stop .73
[11:28] {Threei}  I seem to be in "hit one miss one" mode today
[11:29] {dino} wlk sm l .90
[11:29] {dino} stop .69
[11:29] {dino} wow kro, +4 from my exit
[11:33] {dino} irf sm l .14
[11:33] {dino} stop .98
[11:34] {dino} ipgp stop -.25
[11:37] {dino} wlk stop .69 -.21
[11:39] {nemo} dino, pivot support at .44 on IPGP
[11:40] {dino} ty
[11:40] {dino} gut has hi 60s magnet
[11:42] {nemo} well it just dropped that
[11:42] {dino} nemo, i see that on those vwap charts, thx again
[11:44] {dino} ipgp sm l .30
[11:45] {dino} .05 held re-test
[11:45] {nemo} spread is all you dear boy
[11:45] {dino} tdsc sm l .20
[11:46] {dino} indeed
[11:54] {patience} slw dropping, trying to break down
[11:56] {Threei}  UUP day high
[11:57] {Threei}  GLD and SLW react
[11:58] {dino} out ipgp 62.60, +1.30
[11:58] {jfjf64} nice
[11:58] {dino} ty
[11:58] {dino} wlk rinsed
[11:59] {dino} too soon
[12:01] {dino} tdsc goes green
[12:02] {dino} stop to .60
[12:03] {dino} to .70
[12:03] {dino} out .69, +.49
[12:05] {RonS} gj, ya "lucky" basstad...:)
[12:05] {jfjf64} lol
[12:06] {RonS} ...wanted to spell it like nemo would pronounce it
[12:07] {nemo} bastid
[12:07] {dino} :D
[12:12] {dino} evep drop
[12:13] {dino} ipgp goes another 2 bucks, sheesh
[12:18] {dino} agq 5 day 383 to 233
[12:20] {dino} 07 all red
[12:30] {patience} dino, i need to learn patience in holding a short, scalpers regret with slw
[12:34] {dino} ironic, considering your name here
[12:36] {patience} shorting is a different skillset, not the same as going long
[12:42] {dino} just funning w/ya
[12:44] {davd} that name is nothing but trouble :s
[12:48] {Threei}  looking at UUP daily,
[12:49] {Threei}  21 break, could start a meaningful bounce
[12:49] {dino} lol
[12:49] {Threei}  which should send SLW, GLD and USO down like
[12:49] {Threei}  ummm
[12:49] {dino} sm l itmn .80
[12:50] {Threei}  no analogy that I could use in relatively decent company
[12:50] {dino} siga spike
[12:51] {dino} i can't borrow it
[12:52] {dino} wow
[12:53] {Threei}  rumor
[12:53] {Threei}  contract win for treatment of small pox
[12:55] {ese} .
[13:00] {dino} wlk sm l .94
[13:06] {patience} in pot.to for a swing more than likely
[13:11] {nemo} vclk
[13:21] {Threei} Long Setup:  FCX  51 break
[13:24] {davd} darn missed it
[13:25] {Threei}  target's .40
[13:25] {Threei}  3 partials
[13:25] {Threei}  half out
[13:25] {Threei}  .12
[13:25] {Threei}  offer second partial around .25
[13:25] {Threei}  stop .95
[13:27] {Threei}  out 1/4 more
[13:31] {Threei}  one more push please, FCX
[13:31] {Threei}  I want that .40
[13:33] {Threei}  stop is under .15 now
[13:38] {dino}   giddy-up
[13:38] {Threei}  good girl
[13:38] {Threei}  out .40
[13:38] {tomg} nice, vad, ty
[13:38] {Threei}  :)
[13:38] {Threei}  not making the day stellar, but fixing it
[13:39] {dino} gj
[13:39] {gregns} ty, in & out 3 times, i did not see that .40 target at first kept buying at those dips
[13:39] {dino} irf to .54
[13:40] {Threei}  greg :)
[13:40] {Threei}  [13:25] {Threei} target's .40
[13:40] {gregns} i know, i saw it later
[13:40] {Threei}  got it
[13:42] {Threei}  catch of the day, classic breakout chart
[13:43] {dino} out irf .out irf .55, +.41
[13:43] {dino} out itmn .12, +.32
[13:56] {dino} hrs stop -.31
[13:59] {ese} cya all....may not be around much the next 2 days.....my Rhythm and Blues Band "The Midnights" is doing some performing for a financial investment firm from Montreal start tomorrow and going through to wed next week....BIG BUCKS!!!
[13:59] {ese} should be able to pop in though
[13:59] {Threei}  cool
[13:59] {Threei}  have fun ese
[14:00] {dino} have fun ese
[14:09] {nemo} RAL BAP
[14:09] {nemo} dino moves
[14:10] {dino} rejects cag bid, rah
[14:27] {dino} out wlk ave .52, +.58
[14:28] {nemo} vclk
[14:33] {jfjf64} slw s 37.00
[14:47] {dino} .
[14:59] {Threei}  no news for this selling
[15:03] {Threei} Short Setup: FCX  .50 break
[15:05] {Threei}  1:1
[15:10] {Threei}  1:2
[15:10] {Threei}  that cements the day as positive
[15:13] {Threei}  is anyone here?
[15:13] {_rizvisy1} yeah
[15:14] {davd} yep
[15:14] {gregns} yup
[15:14] {_rizvisy1} looking at spy too
[15:14] {Threei}  ugh... thought I could sneak out {G}
[15:15] {_rizvisy1} spy has flattened out
[15:15] {Threei}  yeah... but feels like more selling in cards
[15:16] {Threei}  1:3, out
[15:46] {Threei}  not looking for any more trades today
[15:47] {Threei}  thank you all, have a good evening
[15:47] {Threei}  see you tomorrrow
[15:56] {dino}  calling it a day, good time, thx all, biggest day in awhile

May 04 2011

Trade management, stop trailing and other niceties.

This trade is pretty much a routine, "another day in the office" type - but I want to use it to illustrate how we manage the trade as it develops. It starts with fairly standard breakout of Cup and Handle type, $51 resistance to break. Initial stop is under the nearest support formed by a few bars prior to breakout, 50.85 (there is a variation for .90 for stricter risk control). Now, as stock moves in our favor we:

1. partial out (1/2 or 1/3) around 51.10 - .15;
2. trail stop to under breakeven level, 50.95.
3. partial out second time around 51.25 - 51.30
4. trail stop to under 51.15 - look at the new support formed on the chart during a pullback
5. and finally exit in full around 51.40 -.45 as our target is hit.

Chart illustrates it all perfectly. Notice also the volume configuration: it repeates the handle form, just as want it; then it dries up on pullback, confirming the uptrend.



Session Time: Wed May 04 00:00:00 2011
[08:58] {dino} gm all
[08:58] {Threei}  morning dino
[08:59] {dino} :)
[09:00] {nemo} we short SLW yet?
[09:00] {Threei}  lol
[09:00] {nemo} GMCR and LVS should be fun today
[09:00] {ese} mornin
[09:01] {Threei}  ese :)
[09:14] {larisa} gm :)
[09:15] {ese} dino....still have my eye on irf
[09:15] {Threei}  larisa :)
[09:15] {ese} mornin laris
[09:15] {larisa} vad, ese :)
[09:17] {nemo} MGM
[09:18] {dino} yes ese
[09:18] {dino} wlk too
[09:22] {_rizvisy1} gm all
[09:23] {Threei}  riz :)
[09:23] {_rizvisy1} vad gm
[09:27] {Threei}  LVS... possibly .75 breeak short if consolidates just a tad
[09:27] {Threei}  opening can be hectic for it though
[09:29] {jfjf64} mornin all
[09:30] {Threei}  jf :)
[09:30] {Threei}  what do you know, SLW was a short
[09:30] {Threei}  shocking
[09:31] {Threei}  LVS worked but no chance for a call
[09:31] {Threei}  let's let it bounce
[09:32] {Threei}  SLW, bounce candidate for a scalp
[09:32] {Threei} Long Setup:  SLW  .55 break
[09:32] {Threei}  .45 stop
[09:33] {Threei}  1:1
[09:33] {ese} L lvs .97
[09:34] {Threei}  1:2
[09:34] {Threei}  wow... that's way too far from bottom ese
[09:34] {ese} sm
[09:34] {ese} ya.....was going for .00 break
[09:34] {Threei}  sharp spike about 50 cents... it was a "hunt for short entry" rather than new long
[09:35] {Threei} Short Setup: SLW  .80 break
[09:35] {ese} out lvs .96
[09:35] {ese} -.01
[09:35] {Threei}  ugh, late a bit
[09:35] {Threei}  ok, in on second chance
[09:35] {Threei}  1:1
[09:36] {Threei}  1:2
[09:36] {dino} wlk sm l .50
[09:37] {Threei}  wow, volatility
[09:37] {dino} irf sm l .40 ave
[09:37] {ese} volitile.....thought it was gonna take off on the first break
[09:38] {Threei}  problem with this kind of entry... too much whipsawing action
[09:38] {Threei}  may get lucky if the very first sharp move after your entry is in your favor
[09:38] {ese} ya
[09:39] {Threei}  (JP) US Nuclear Regulatory Commission: Has only seen 'incremental improvements' in stabilizing reactors and spent fuels at Fukushima
[09:39] {Threei}  heh... news cycle has moved on, readers' atention span can't be that long... no one remembers those reactors anymore
[09:41] {dino} what reactors?
[09:41] {Threei} Short Setup: RIMM  .10
[09:41] {Threei}  lol
[09:41] {dino} out wlk .25,
[09:42] {dino} +.75
[09:42] {Threei}  wtg
[09:42] {dino} ty
[09:42] {ese} what nuclear plants?
[09:42] {Threei}  let's try aggressive
[09:42] {Threei} Short Setup: RIMM  .14 break
[09:42] {Threei}  if stays under .25
[09:42] {Threei}  .15 that was, sorry
[09:44] {ese} Lirf .36
[09:45] {Threei}  no go
[09:49] {Threei} Short Setup: VSEA  .25 break
[09:49] {Threei}  if stays under .30
[09:49] {Threei}  aggressive entry for .20
[09:51] {nemo} HRS
[09:51] {nemo} that
[09:52] {nemo} that's a buyout play Vad
[09:52] {Threei}  ?
[09:52] {nemo} VSEA
[09:53] {Threei}  missed that, thanks
[09:53] {Threei}  scratch that caall
[09:53] {nemo} yw
[09:54] {Threei} Short Setup: CAT  .60 break half lot
[09:55] {Threei}  invalidated
[09:56] {Threei}  looking for better entry though
[09:57] {Threei}  got away
[09:59] {nemo} wanted to sell .49s that didn't work
[09:59] {Threei}  NVIDIA Corp Weakness attributed to circulation of Mac related blog noting that yesterday's new iMac announcement featured AMD graphics processors, comments that Apple appears to be moving away from NVDA
[10:00] {Threei}  *(US) APR ISM NON-MANUFACTURING COMPOSITE: 52.8 V 57.5E
[10:00] {Threei}  argh CAT
[10:00] {nemo}  {nemo} wanted to sell .49s that didn't work
[10:00] {nemo} jumped right by
[10:07] {dino} wlk sm l .05
[10:10] {Threei}  bounce time CAT
[10:10] {Threei}  .62 long
[10:11] {Threei}  if holding .50
[10:11] {nemo} what stock
[10:11] {nemo} ?
[10:11] {Threei}  ??
[10:11] {nemo} cat
[10:11] {nemo} I have cat at 111
[10:11] {Threei}  [10:10] {Threei} bounce time CAT
[10:11] {jfjf64} you drinkin
[10:11] {Threei}  ugh
[10:11] {nemo} nope
[10:11] {Threei}  forget it, wrong quote
[10:11] {nemo} thought so
[10:12] {nemo} I know who is drinking
[10:12] {Threei}  lol
[10:12] {Threei}  anyway
[10:12] {Threei} Long Setup:  CAT  .10 break
[10:12] {Threei}  half lot
[10:12] {Threei}  stop under 111
[10:13] {Threei}  target .45
[10:13] {Threei} Long Setup:  FCX  .65
[10:13] {Threei}  if holding .50
[10:14] {Threei}  FCX invalidated
[10:15] {nemo} stop aroo
[10:15] {Threei}  no go CAT
[10:15] {Threei}  probably a rinse but...
[10:15] {patience} thanks vad, out of slw.to from earlier +.51
[10:16] {Threei}  wow... that was a good while ago
[10:16] {Threei}  yeah CAT rinsed
[10:16] {Threei}  it's wrong
[10:16] {nemo} I went long again
[10:16] {Threei}  target hit then
[10:16] {nemo} yeah .43
[10:17] {nemo} that was half
[10:18] {nemo} I'm out below .40
[10:19] {Threei}  FCX
[10:19] {Threei}  valid again
[10:19] {Threei}  target .90 - .95
[10:20] {jfjf64} missed
[10:20] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:21] {Threei}  second chance
[10:22] {jfjf64} .61
[10:22] {jfjf64} in
[10:22] {gregns} thats even better!
[10:22] {nemo} I'm out .68 cat
[10:22] {Threei}  wtg
[10:22] {jfjf64} comon fcx
[10:23] {dino} gj
[10:23] {jfjf64} pass the vodka  3i
[10:23] {RonS} BID blood
[10:25] {jfjf64} 2x4  please
[10:25] {dino} out irf .70, +.30
[10:26] {jfjf64} gj
[10:26] {dino} ty
[10:27] {jfjf64} fcx testing me
[10:27] {Threei}  no go
[10:28] {jfjf64} dog with fleas
[10:30] {ese} out irf .73 +.37
[10:31] {nemo} int
[10:32] {Threei}  CAT is back into trigger
[10:33] {jfjf64} gmcr   77.00 break dn
[10:33] {jfjf64} ??
[10:40] {dino} kro blood
[10:42] {dino} kro sm l .00
[10:42] {dino} out .50, +.50
[10:44] {Threei}  FCX...
[10:44] {Threei}  starts looking like another breakdown
[10:45] {Threei} Short Setup: FCX  51 break
[10:45] {Threei}  invalidated
[10:46] {Threei}  valida again
[10:46] {ese} ipgp
[10:46] {ese} dino
[10:47] {ese} depends on whether thats news is good enough
[10:47] {dino} kro drop again
[10:48] {ese} it beat and revs were up
[10:48] {dino} ipgp, upped to 65
[10:48] {dino} good news is bad last week or so
[10:48] {ese} ya
[10:48] {Threei}  1:1
[10:48] {dino} think ua, wlk, irf, kro, ipgp
[10:49] {dino} bsft bloody
[10:49] {ese} dn 7 bills on good news is basically bizzare
[10:49] {dino} same as above ones ese, somethings changing
[10:49] {ese} lookin for support at 60.00 i guess
[10:50] {ese} ya good point
[10:50] {Threei}  1:2
[10:50] {ese} some kinda top in the mrkt
[10:50] {Threei}  it's easy ese
[10:50] {dino} perhaps
[10:50] {Threei}  look at its daily
[10:50] {dino} gut says, careful
[10:50] {Threei}  march from 35 to 75
[10:50] {Threei}  then selloff after good news
[10:50] {Threei}  classic
[10:51] {ese} bull trap yesterday looks like
[10:51] {dino} 2351, 1335 gaps below
[10:52] {dino} chem plays are like wack-a-mole
[10:52] {ese} ouuuuuu....nice dollar bounce there ipgp
[10:52] {dino} wait for re-test imo
[10:53] {dino} kro lod area
[10:53] {ese} eeeyeowwwzaaaaaa
[10:53] {dino} broke
[10:54] {dino} sizing to 300 on these capits
[10:55] {dino} sm l .65
[10:55] {dino} kro
[10:56] {dino} out .07, +1.42
[10:56] {RonS} ...like the Pope giving a blessing...
[10:56] {ese} eeeeyeowwwzaaa on that one dino.....nice one
[10:56] {dino} wow
[10:57] {dino} lucky
[10:57] {dino} could've dropped that much that fast
[10:57] {dino} these earnings are brutal and volitile to extremes
[10:57] {ese} understatement
[10:58] {dino} keeps going up
[11:02] {dino} hrs upgrades, drop 4
[11:03] {dino} lots of gaps below it
[11:09] {dino} ipgp
[11:09] {dino} hrs sm l .50
[11:10] {dino} stop .19, using 3s
[11:15] {dino} open lod
[11:16] {davd} errant trade apple back 10:45am - mini flash crash?  cnbc
[11:17] {Threei} Short Setup: RIMM  .40 break
[11:17] {Threei}  (US) Treasury Dept informs Congress that $2T is required as an increase in debt limit to ensure Govt operates through to 2012
[11:19] {dino} 07 all red careful
[11:19] {dino} out wlk +.01
[11:21] {dino} a lot of stocks are down 10 bucks in last week
[11:23] {dino} ipgp app lod ese
[11:24] {Threei}  (FR) Moody's affirms AAA rating; rating is secure and is not conditional on implementation of constitutional budget limit
[11:24] {nemo} ctsh inflection here
[11:25] {Threei} Short Setup: X  right here
[11:25] {Threei}  stop above .80
[11:25] {Threei}  aggressive entry for .60 break
[11:27] {dino} sm l ipgp .95 ave
[11:27] {dino} stop .73
[11:28] {Threei}  I seem to be in "hit one miss one" mode today
[11:29] {dino} wlk sm l .90
[11:29] {dino} stop .69
[11:29] {dino} wow kro, +4 from my exit
[11:33] {dino} irf sm l .14
[11:33] {dino} stop .98
[11:34] {dino} ipgp stop -.25
[11:37] {dino} wlk stop .69 -.21
[11:39] {nemo} dino, pivot support at .44 on IPGP
[11:40] {dino} ty
[11:40] {dino} gut has hi 60s magnet
[11:42] {nemo} well it just dropped that
[11:42] {dino} nemo, i see that on those vwap charts, thx again
[11:44] {dino} ipgp sm l .30
[11:45] {dino} .05 held re-test
[11:45] {nemo} spread is all you dear boy
[11:45] {dino} tdsc sm l .20
[11:46] {dino} indeed
[11:54] {patience} slw dropping, trying to break down
[11:56] {Threei}  UUP day high
[11:57] {Threei}  GLD and SLW react
[11:58] {dino} out ipgp 62.60, +1.30
[11:58] {jfjf64} nice
[11:58] {dino} ty
[11:58] {dino} wlk rinsed
[11:59] {dino} too soon
[12:01] {dino} tdsc goes green
[12:02] {dino} stop to .60
[12:03] {dino} to .70
[12:03] {dino} out .69, +.49
[12:05] {RonS} gj, ya "lucky" basstad...:)
[12:05] {jfjf64} lol
[12:06] {RonS} ...wanted to spell it like nemo would pronounce it
[12:07] {nemo} bastid
[12:07] {dino} :D
[12:12] {dino} evep drop
[12:13] {dino} ipgp goes another 2 bucks, sheesh
[12:18] {dino} agq 5 day 383 to 233
[12:20] {dino} 07 all red
[12:30] {patience} dino, i need to learn patience in holding a short, scalpers regret with slw
[12:34] {dino} ironic, considering your name here
[12:36] {patience} shorting is a different skillset, not the same as going long
[12:42] {dino} just funning w/ya
[12:44] {davd} that name is nothing but trouble :s
[12:48] {Threei}  looking at UUP daily,
[12:49] {Threei}  21 break, could start a meaningful bounce
[12:49] {dino} lol
[12:49] {Threei}  which should send SLW, GLD and USO down like
[12:49] {Threei}  ummm
[12:49] {dino} sm l itmn .80
[12:50] {Threei}  no analogy that I could use in relatively decent company
[12:50] {dino} siga spike
[12:51] {dino} i can't borrow it
[12:52] {dino} wow
[12:53] {Threei}  rumor
[12:53] {Threei}  contract win for treatment of small pox
[12:55] {ese} .
[13:00] {dino} wlk sm l .94
[13:06] {patience} in pot.to for a swing more than likely
[13:11] {nemo} vclk
[13:21] {Threei} Long Setup:  FCX  51 break
[13:24] {davd} darn missed it
[13:25] {Threei}  target's .40
[13:25] {Threei}  3 partials
[13:25] {Threei}  half out
[13:25] {Threei}  .12
[13:25] {Threei}  offer second partial around .25
[13:25] {Threei}  stop .95
[13:27] {Threei}  out 1/4 more
[13:31] {Threei}  one more push please, FCX
[13:31] {Threei}  I want that .40
[13:33] {Threei}  stop is under .15 now
[13:38] {dino}   giddy-up
[13:38] {Threei}  good girl
[13:38] {Threei}  out .40
[13:38] {tomg} nice, vad, ty
[13:38] {Threei}  :)
[13:38] {Threei}  not making the day stellar, but fixing it
[13:39] {dino} gj
[13:39] {gregns} ty, in & out 3 times, i did not see that .40 target at first kept buying at those dips
[13:39] {dino} irf to .54
[13:40] {Threei}  greg :)
[13:40] {Threei}  [13:25] {Threei} target's .40
[13:40] {gregns} i know, i saw it later
[13:40] {Threei}  got it
[13:42] {Threei}  catch of the day, classic breakout chart
[13:43] {dino} out irf .out irf .55, +.41
[13:43] {dino} out itmn .12, +.32
[13:56] {dino} hrs stop -.31
[13:59] {ese} cya all....may not be around much the next 2 days.....my Rhythm and Blues Band "The Midnights" is doing some performing for a financial investment firm from Montreal start tomorrow and going through to wed next week....BIG BUCKS!!!
[13:59] {ese} should be able to pop in though
[13:59] {Threei}  cool
[13:59] {Threei}  have fun ese
[14:00] {dino} have fun ese
[14:09] {nemo} RAL BAP
[14:09] {nemo} dino moves
[14:10] {dino} rejects cag bid, rah
[14:27] {dino} out wlk ave .52, +.58
[14:28] {nemo} vclk
[14:33] {jfjf64} slw s 37.00
[14:47] {dino} .
[14:59] {Threei}  no news for this selling
[15:03] {Threei} Short Setup: FCX  .50 break
[15:05] {Threei}  1:1
[15:10] {Threei}  1:2
[15:10] {Threei}  that cements the day as positive
[15:13] {Threei}  is anyone here?
[15:13] {_rizvisy1} yeah
[15:14] {davd} yep
[15:14] {gregns} yup
[15:14] {_rizvisy1} looking at spy too
[15:14] {Threei}  ugh... thought I could sneak out {G}
[15:15] {_rizvisy1} spy has flattened out
[15:15] {Threei}  yeah... but feels like more selling in cards
[15:16] {Threei}  1:3, out
[15:46] {Threei}  not looking for any more trades today
[15:47] {Threei}  thank you all, have a good evening
[15:47] {Threei}  see you tomorrrow
[15:56] {dino}  calling it a day, good time, thx all, biggest day in awhile

Tuesday, May 3, 2011

May 03 2011

Fair day with tightly controlled risk and nice wins shaping into solid green.

Session Time: Tue May 03 00:00:00 2011
[09:08] {_rizvisy1} gm all
[09:09] {Threei}  riv :)
[09:09] {_rizvisy1} gm  vad
[09:09] {Threei}  Mastercard Exec: continue to work to delay new debit card rules to ensure they do not have unintended consequences; the earliest the new regs will impact Mastercard is 2012 - conf call
[09:09] {Threei}  - Pleased with solid start to 2011. Volumes continue to grow in double digits outside of the US.
[09:17] {ese} gm
[09:17] {RonS} howdy pards
[09:18] {Threei}  ese, ron :)
[09:19] {ese} vad, ron
[09:19] {davd} gm all
[09:19] {ese} D
[09:19] {Threei}  davd :)
[09:20] {Threei}  SLW has this manner to drop right out of the gate not letting us in
[09:20] {Threei}  much aas I hate the risk of taking a trade without established setup, this is the patter of late
[09:20] {Threei}  pattern
[09:20] {davd} :) miss usa suing re inappropriate pat down at airport
[09:21] {Threei}  so... half lot short on .20 - .15 break - IF you are inclined to take such risk
[09:22] {RonS} if you were suing would you not call it feel up?
[09:22] {RonS} :)
[09:23] {davd} actually, it was the baggage handler, so she may have a point
[09:23] {Threei}  poor guy at the gate just thought, jee, will I get another chance in life to touch miss usa?
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:26] {larisa} vad :)
[09:26] {nemo} better watch slv...slw and slv have been correlating of late
[09:28] {jfjf64} morninnnnn
[09:28] {Threei}  jf :)
[09:29] {Threei} Short Setup: SLW  .20 break half lot
[09:30] {Threei}  stop above .35
[09:32] {Threei}  die SLW
[09:32] {jfjf64} dont be shy  slw
[09:33] {Threei}  .15 is last line of defence
[09:34] {Threei}  no go
[09:36] {Threei} Long Setup:  RIMM  .80 break
[09:36] {Threei}  half lot
[09:36] {Threei}  if stays above .70
[09:37] {Threei}  1:1, and right back down
[09:37] {Threei}  valid again
[09:37] {Threei}  same setup
[09:37] {Threei}  1:1 again
[09:38] {jfjf64} lk takin candy from  da baby
[09:38] {jfjf64} ty
[09:38] {Threei}  twice
[09:38] {Threei}  poor baby
[09:39] {jfjf64} slw   fault
[09:39] {jfjf64} lol
[09:40] {Natali} gm:)
[09:40] {Threei}  natali :)
[09:41] {Threei}  SLW fooled us eh
[09:42] {Threei}  this is what it was supposed to do
[09:43] {Threei} Short Setup: USO  .65 break
[09:43] {Threei}  stop above .75
[09:44] {jfjf64} cant short
[09:44] {jfjf64} ya kiddin me
[09:44] {jfjf64} chuck
[09:49] {Threei}  let's trail stop to .71
06[09:51] * Threei mails dino alarm clock
[09:52] {Threei} Short Setup: RIMM  .85 break
[09:52] {Threei}  if stays under .95
[09:53] {Threei}  no go USO
[09:55] {Threei}  lwt's tighten RIMM to .91 too
[09:55] {Threei}  don't have a good feel so just controlling the risk
[09:55] {Threei}  out
[09:55] {nemo} yeah that .84 level was the floor
[09:55] {dino} gm ll
[09:56] {Threei}  dino :)
[09:56] {nemo} I got out when that big offer at .88 broke
[09:56] {Threei}  yup
[09:57] {Threei}  good tightening
[09:57] {ese} mornin dino
[09:57] {Threei}  on both, RIMM and USO
[09:58] {dino} nbr sm l .50
[09:59] {Threei} Long Setup:  FCX  .30 break
[09:59] {Threei}  if holding above .20
[10:00] {Threei}  *(US) MAR FACTORY ORDERS: 3.0% V 2.0%E
[10:02] {Threei}  target 1:2, possibly more
06[10:05] * Threei kicks FCX in the rear
[10:05] {Threei}  1:1, half out
[10:05] {Threei}  violence helps, as usual
[10:05] {Threei}  stop to .25
[10:07] {Threei}  Fed's officials debating exit stategy fiercely - CNBC citing sources
[10:07] {Threei}  I thought it was wise to debate exit before entering
[10:08] {nemo} ese...rim shot
[10:09] {Threei}  1:2, 1/4 more out
[10:10] {Threei}  stop to .29
[10:11] {Threei}  training more aggressively now, .35
[10:13] {Threei}  to .39
[10:16] {dino} wlk sm l .78
[10:17] {Threei}  1:3 baby
[10:17] {dino} irf
[10:17] {Threei}  out in full .62
[10:17] {Threei}  evens things out a bit
[10:17] {dino} irf sm l .40
[10:18] {Threei}  classic strategy.... keeping losers small, letting winners develop
[10:21] {dino} irf stop -.31
[10:21] {Threei}  wow
[10:23] {Threei} Long Setup:  FCX  .20 break
[10:26] {Threei}  stop is obvious
[10:26] {Threei}  1:1
[10:27] {Threei}  out in full
[10:27] {Threei}  back in green
[10:29] {dino} irf rinsed
[10:34] {jfjf64} rimm pull bk
[10:34] {jfjf64} ?
[10:35] {Threei}  I'd leave it alone for now, not sure about it
[10:44] {dino} irf sm l .00
[10:51] {ese} 400 dino?
[10:53] {dino}  y
[10:54] {ese} saw your post a little late but am in at .11
[10:55] {dino} .45 area resis
[10:56] {ese} i was thinkin .50ish but close enough
[10:56] {dino} cymi working on jan gap 45.20
[10:57] {ese} who'd have thunk that there would be a stock dedicated to rectums
[10:58] {Threei}  and in a somewhat ornic twist, went there
[10:58] {Threei}  ironic
[10:58] {nemo} it's life support systems for Congress
[11:01] {ese} now thats funny!!
[11:03] {RonS} Barney on the Board?
[11:04] {ese} what was the news on irf anyway dino
[11:04] {nemo} hey, you're talking about my Congresswo....man
[11:05] {RonS} earnings
[11:05] {ese} this has the appearance of going farther than .50
[11:05] {dino} irf=power mgt tech, not rectums
[11:05] {ese} lol
[11:05] {ese} I knew that..........
[11:05] {dino} european conference and upgraded
[11:06] {dino} lol, my bad
[11:06] {ese} dn 3 bills on an upgrade......sheesh
[11:06] {dino} thats what got my attn
[11:06] {Threei}  I dunno, I am really temepted now to view them all as rectum-related
[11:07] {dino} pos huh vad
[11:07] {Threei}  :)
[11:07] {ese} it would appear as though i've started a conversation thread
[11:07] {Threei}  totally
[11:07] {Threei}  doesn't take much to get us going eh?
[11:07] {nemo} not much else going on
[11:08] {ese} what screen turned this up for you dino.......
[11:08] {jfjf64} slw  bounce  here
[11:08] {dino} irf to .35
[11:08] {dino} schwab/cyber ese
[11:09] {Threei} Long Setup:  FCX  .40 break
[11:09] {dino} % movers
[11:09] {Threei}  if stays above .30
[11:09] {dino} drq drop
[11:09] {Threei}  just a scalp most likely
[11:10] {Threei}  feel free to take profit
[11:10] {ese} ya  but what was the criteria.....vol/dn 7%/anything in particular
[11:11] {tomg} ty vad
[11:11] {Threei}  tom :)
[11:11] {ese} tks dino...sorry didn't see that prior post
[11:13] {ese} to .40 stop
[11:13] {ese} .45
[11:14] {dino} ok ese, top 10 % decliners and gainers for nyse and naz i have running all day. they get me started, then check news
[11:14] {gregns} jf, gj on SLW i hope you got some of that, i did ty
[11:14] {dino} very simple way of finding movers
[11:15] {jfjf64} yup yup
[11:15] {dino} irf to .49
[11:15] {RonS} got fcx .44 to .56 thanks 3i
[11:15] {Threei}  :)
[11:16] {ese} out irf .55 +.44   tks dino much appreciated
[11:16] {jfjf64} moving with spy greg
[11:16] {Threei}  good job guys
[11:16] {dino} out wlk .50, +.72
[11:16] {jfjf64} short into bounce here
[11:16] {jfjf64} imo
[11:16] {jfjf64} ?
[11:16] {gregns} also look at the drop in UUP
[11:17] {jfjf64} 37.60
[11:17] {dino} irf to .60
[11:17] {jfjf64} .45 short
[11:17] {dino} to .64
[11:18] {jfjf64} stop hod
[11:18] {jfjf64} covered half
[11:19] {dino} irf to .74
[11:21] {jfjf64} done
[11:21] {dino} to .83
[11:21] {ese} well done dino!
[11:22] {dino} ty
[11:22] {dino} wlk continued
[11:23] {dino} out +.83
[11:24] {dino} brb
[11:29] {davd} any have a read on intc?
[11:29] {dino} irf drop
[11:38] {Threei} Long Setup:  SLW  .55 break
[11:38] {Threei}  stop under .50
[11:39] {Threei}  very tight ttrade
[11:40] {Threei}  no go
[11:42] {ese} frickin computors
[11:43] {Threei}  they are the worst
[11:43] {ese} yup
[11:52] {Threei} Short Setup: FCX  .80 break
[11:55] {Threei}  aggressive entry is attractive idea
[12:00] {Threei}  invalidated
[12:02] {dino} drq sm l .86
[12:19] {dino}  out drq .11, +.25
[12:20] {dino} have to go for hour or so
[12:20] {Threei} Short Setup: SLW  .50 break
[12:20] {Threei}  just a scalp
[12:20] {Threei}  .56 stop
[12:24] {Threei}  feel free to take scalp
[12:24] {Threei}  easy money
[12:24] {tomg} ty vad
[12:24] {Threei}  :)
[12:54] {davd} watching amzn for short
[13:06] {davd} spy sitting at lod reg market
[13:16] {RonS} lol...rimm green
[13:16] {RonS} wow. x green mucho
[13:17] {RonS} or should i say gigante'
[13:17] {davd} x dead cat bounce.
[13:17] {davd} imo
[13:18] {davd} i'll take it though :D
[13:18] {Threei}  but it's a mucho fat cat
[13:19] {RonS} wfmi reports wed a.h....was in there over weekend...featuring their fresh halibut at $24.99/lb
[13:20] {davd} uh oh is it time for the monthly x takeover talk?
[13:20] {RonS} the sotre is frekin unbelievable...charges 50% more than all else
[13:20] {RonS} store
[13:27] {davd} nemo s&p to 1350?
[13:28] {nemo} .40-.50 if it drops that .10
[13:29] {davd} i agree
[13:31] {nemo} btw, I'm looking at spy, not S&P futures
[13:32] {davd} got it
[13:44] {RonS} silver broke $42
[13:48] {nemo} oh davd .22 is daily pivot support on spy also
[13:52] {davd} right - yellow line in freestockcharts
[13:56] {ese} ya ...on the phone.....gotta go cya tomorrow
[13:57] {Threei}  take care ese
[13:58] {RonS} lol...Barney wants to make the Fed "more democratic" by reducing the votinng members from twelve to five...w/ the five being in DC
[13:58] {Threei}  that'll do it
[13:59] {RonS} why not go all the way and re-name it the Politburo...
[14:01] {RonS} oil futes 111.20...if it decisively breaks 111 all kinds of heck occurs
[14:01] {RonS} ...has bounced off 111 six time in past few days
[14:03] {RonS} 110.82 w/ no buyer is sight
[14:03] {RonS} in
[14:05] {RonS} si lod 41.47
[14:05] {RonS} si = silver futes
[14:06] {RonS} oil 110.48 w/ buyer showing up
[14:07] {Threei}  (PO) Portugal PM to make a statement at 15:30ET (19:30GMT)
[14:08] {RonS} el socrates?
[14:11] {dino} .
[14:11] {RonS} silver bounce and slw can't get more than .04 and rolls over...
[14:12] {RonS} bounces
[14:13] {Threei}  let's see if we can get nice clean SLW short
[14:13] {Threei}  bounce, then break of the low
[14:22] {dino} sm l wlk ave .02
[14:28] {RonS} oil re- captures 111
[14:31] {dino} wlk out .62, +.60
[14:31] {RonS} gj
[14:31] {dino} ty
[14:37] {dino} regn sm l .75
[14:40] {Threei} Short Setup: SLW  .35 break
[14:41] {Threei}  changing to aggressive
[14:41] {Threei}  .40 break if stays under .50
[14:41] {Threei}  more changes possible, liquid situation
[14:42] {dino} irf sm l .11
[14:43] {Threei}  .50 break
[14:47] {Threei}  not a scalp if works
[14:47] {Threei}  with any market help can easily turn into serios panic selloss
[14:47] {Threei}  1;1
[14:48] {Threei}  stop .55
[14:53] {Threei}  here it comes
[14:53] {Threei}  1:2
[14:54] {dino} gj
[14:55] {Threei}  ty
[14:55] {Threei}  nice when thr plan comes together, devised in advance and clearly signalling its arrival
[14:55] {Threei}  1:3
[14:56] {RonS} .48 to .19 thanks 3i
[14:56] {Threei}  :)
[14:59] {Threei}  a bit shaky start to the day, with well-controlled risk though, then everything came together
[15:15] {dino}  out regn .14, +.39
[15:17] {dino} out irf .45, +.34
[15:20] {Threei}  nice back to back hits
[15:21] {jfjf64} gj
[15:24] {jfjf64} lvs short here
[15:24] {jfjf64} ?
[15:24] {nemo} earnings after market close
[15:25] {jfjf64} hmm
[15:26] {RonS} macau reports april rev +44% this a.m. and lvs down...hmmmm
[15:27] {dino} thx
[15:34] {RonS} about a $3 move predicted in the may lvs options less the time value
[15:40] {Threei}  jeelyfishy last hour
[15:45] {Threei}  OK guys, no more trades for today
[15:45] {Threei}  thank you all
[15:46] {Threei}  have a good evening, see you tomorrow
[15:47] {dino} gn all
[15:47] {_rizvisy1} bye
[15:53] {larisa} bye :)

Monday, May 2, 2011

May 02 2011

Positive start of the week although a few stops kept overall profits at the modest end.


Session Time: Mon May 02 00:00:00 2011
[08:57] {Threei}  (EU) ECB's Wellink: Concerned about the level of the EU bailout package for Greece, Ireland and Portugal
[08:57] {Threei}  - Spain will be able to resolve its budget problems
[09:10] {dino} gm all
[09:10] {Threei}  dino :)
[09:10] {_rizvisy1} gm everyone
[09:10] {Threei}  riz :)
[09:12] {rambler} morning all...
[09:12] {Threei}  rambler :)
[09:15] {ese} mornin
[09:15] {Threei}  ese :)
[09:15] {Threei}  SLW really taking a lot of water on board
[09:17] {RonS} buenos diaz por todos
[09:17] {Threei}  ron :)
[09:17] {nemo} even me Ron?
[09:17] {RonS} si'
[09:17] {ese} how are dare you call us todos..........we represent that remark
[09:17] {Threei}  rambler, look dcc pls
[09:18] {nemo} frickin musicians
[09:18] {ese} lol
[09:19] {larisa} gm :)
[09:19] {Threei}  larisa :)
[09:19] {larisa} vad :)
[09:20] {Threei}  so far .40 break shapes up as SLW short trigger - as much as premarket can be indicative
[09:28] {dino} hsic drop
[09:29] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:31] {Threei} Long Setup:  SLW  .90 break
[09:31] {Threei}  half lot
[09:32] {Threei}  stop under .70
[09:32] {Threei}  target 38.20
[09:32] {Threei}  half ourt
[09:32] {Threei}  .06
[09:32] {Threei}  stop to .85
[09:33] {Threei}  mistype, original stop under .80 of course, not that it matters
[09:34] {Threei} Short Setup: X  .50 break half lot
[09:34] {RonS} mdw halt
[09:34] {Threei}  out SLW in full
[09:34] {Threei}  target hit
[09:34] {jfjf64} nice ty
[09:34] {Threei}  yw
[09:34] {Threei}  X, if stays under .65
[09:35] {jfjf64} lvs
[09:35] {jfjf64} moving
[09:37] {Threei}  no go X
[09:38] {Threei} Long Setup:  FCX  .30 break half lot
[09:39] {Threei}  if stays above .15
[09:39] {Threei}  target .60 - .70
[09:41] {nemo} rimm died
[09:42] {Threei}  time to snap back, market
[09:44] {Threei}  half out FCX
[09:44] {Threei}  .46
[09:44] {Threei}  stop to .25
[09:45] {Threei}  FCX Weakness attributed to chatter that company is establishing measures to fight off a hostile takeover bid
[09:47] {RonS} fcx .28 to .56 tanks 3i
[09:47] {Threei}  :)
[09:47] {RonS} thanks
[09:48] {jfjf64} look slw
[09:48] {Threei}  FCX target hit, out .63
[09:49] {dino} mlnx sm l .23 ave
[09:49] {jfjf64} nice fcx
[09:50] {dino} tdsc sm l .60
[09:51] {jfjf64} cat
[09:52] {jfjf64} ouch
[09:52] {ese} L jrcc .51
[09:52] {dino} out tdsc .20, +.60
[09:53] {Threei}  crrrrp
[09:53] {Threei}  guess what alert I prepared
[09:53] {Threei}  and was late by 1 sec to hit
[09:53] {nemo} short slw
[09:53] {Threei} Short Setup: CAT  .20 break
[09:53] {ese} nice one dino
[09:53] {jfjf64} cat .20 break
[09:53] {Threei}  lol
[09:54] {Threei}  let's see if it forms ahosrt into bounce
[09:54] {dino} ty es, got out early
[09:54] {Threei}  good guess jf
[09:54] {jfjf64} guess
[09:55] {jfjf64} hurt my feelings
[09:55] {jfjf64} lol
[09:55] {Threei}  no, doesn't look right
[09:55] {Threei}  sorry
[09:55] {Threei}  didn't know you had any
[09:56] {Threei}  instead, let's see watch this range
[09:56] {Threei}  .35 support
[09:56] {jfjf64} i didnt  till missed play  friday   and  was  catch of  day
[09:56] {Threei}  oh
[09:56] {Threei}  that'll do it to you
[09:56] {jfjf64} lol
[09:57] {Threei}  nah, not sure about CAT
[09:57] {Threei}  may work, may not
[09:57] {jfjf64} slw
[09:57] {jfjf64} pullbk
[09:57] {Threei} Short Setup: SLW  .40 break
[09:57] {Threei}  wtah the
[09:57] {Threei}  late again
[09:58] {nemo} Mondays
[09:58] {Threei}  OK, valid
[09:58] {Threei}  stop above .50
[09:58] {Threei}  second chance entry
[09:58] {Threei}  target .15
[09:58] {jfjf64} missed
[09:59] {jfjf64} .30 valid
[09:59] {jfjf64} break
[09:59] {Threei}  why, it's close to trigger
[09:59] {Threei}  .37 - .38, you want it - why not take it
[09:59] {jfjf64} .33
[09:59] {Threei}  1;1
[10:00] {Threei}  stop .45
[10:00] {ese} ISM up
[10:00] {Threei}  *(US) APR ISM MANUFACTURING: 60.4 V 59.5E; ISM PRICES PAID: 85.5 V 83.0E
[10:00] {ese} 60.4 vs 59.5
[10:01] {Threei}  *(US) MAR CONSTRUCTION SPENDING M/M: 1.4% V 0.4%E
[10:01] {jfjf64} out
[10:02] {jfjf64} nice
[10:03] {Threei}  1:2
[10:03] {dino} mlnx stop
[10:03] {dino} -.26
[10:06] {Threei} Short Setup: RIMM  .20 break half lot
[10:07] {Threei}  correction.30 break
[10:07] {Threei}  aggressive'
[10:08] {Threei}  .36 stop
[10:08] {Threei}  ridculously tight
[10:09] {Threei}  adding second half
[10:09] {Threei}  with such stop can play full lot
[10:09] {ese} in .30
[10:09] {Threei}  ese couldn't resist such small risk :)
[10:10] {ese} indeed
[10:10] {Threei}  target is about .05
[10:10] {davd} some concern re israel imminent attack on iran.
[10:10] {Threei}  no go RIMM
[10:10] {Threei}  where is is davd?
[10:11] {ese} stopped -.06
[10:11] {Threei}  I don't see anything
[10:11] {davd} mentioned on tv.  just and fyi -
[10:11] {jfjf64} lvs
[10:11] {Threei}  got it, ty
[10:11] {jfjf64} dtop
[10:12] {jfjf64} ?
[10:13] {Threei}  not sure
[10:13] {ese} L some more jrcc avg .49
[10:20] {gregns} breakdown of .30 SLW ?
[10:20] {Threei}  I think so
[10:21] {Threei}  just want it to consolidate a little more to establish .40 as resistance
[10:25] {jfjf64} lvs
[10:25] {jfjf64} .10 break
[10:25] {Threei}  if stays under .20
[10:25] {Threei}  yes
[10:25] {jfjf64} yes
[10:26] {jfjf64} .18
[10:26] {jfjf64} ton shares
[10:27] {Threei}  rambler, look dcc please
[10:27] {rambler} o.k.
[10:28] {nemo} .18 leve lvs, it breaks it could be long
[10:28] {nemo} yep
[10:28] {jfjf64} yup
[10:29] {ese} wow.......really raining here vad/ rambler how bout were you are
[10:29] {ese} where
[10:29] {Threei}  light drizzle here
[10:29] {RonS} unheard of..
[10:29] {rambler} pouring here.....
[10:30] {ese} Soak Bay instead of Oak Bay
[10:30] {dino} tdsc sm l .78
[10:31] {rambler} found email Vad......
[10:33] {Threei}  Florida senate has approved legislation to restrict Obama's health care legislation
[10:33] {Threei}  (EU) EU's Juncker: Strong Euro is due to a weak USD, recent appreciation of the Euro is not yet a source of concern
[10:33] {Threei}  - Affirms details on Portugal support package to be released by the middle of this month
[10:33] {Threei}  - Reiterates that Greece debt restructuring is not an option
[10:33] {Threei}  no?
[10:33] {Threei}  so what do you do with Greece if there is no other way?
[10:34] {dino} mlnx sm l ave .95
[10:34] {Threei}  everyone had a look at catch of the day on Fri?
[10:34] {Threei}  classic textbook setup
[10:34] {Threei}  must know
[10:37] {dino} tdsc stop -.35
[10:37] {nemo} You mean that eod RIMM trade break of support?
[10:38] {jfjf64} how cd i forget
[10:38] {nemo} brain damage?
[10:39] {Threei}  I know where you are going with that nemo
[10:39] {nemo} that obvious, huh?
[10:40] {Threei}  well, after 3 or 4 time... :)
[10:40] {jfjf64} you doggin on me
[10:41] {Threei}  nemo is doggin indiscriminately, jf... anyone who is with striking distance :)
[10:41] {Threei}  within
[10:41] {jfjf64} watchin celg
[10:41] {jfjf64} short here
[10:42] {nemo} jf, if you're gonna stick your chin out like that, what do you expect me to do?
[10:46] {Threei}  SLW
[10:46] {Threei} Short Setup: SLW  .50 break
[10:46] {Threei}  if stays under .60
[10:47] {dino} vrx sm l .75
[10:48] {jfjf64} still valid
[10:48] {Threei}  still valid, SLW
[10:48] {jfjf64} k
[10:50] {Threei}  target .15
[10:50] {Threei}  3 partails
[10:50] {Threei}  1:1
[10:51] {Threei}  stop to .55
[10:52] {Threei}  there was better way to play it, had no time to explain it at the moment but will after the play is over
[10:52] {Threei}  1:2
[10:52] {Threei}  1/4 more out
[10:53] {Threei}  stop b/e
[10:53] {jfjf64} out
[10:53] {jfjf64} ty
[10:55] {Threei}  yw
[10:55] {rambler} leaving for Pr Rupert June 1, my scalping days are done...until Oct....
[10:56] {rambler} thanks Vad, learned lots....
[10:56] {rambler} have a great summer all.....
[10:56] {Threei}  is it me or there is a whole month strill till June 1?
[10:56] {jfjf64} be safe rambler
[10:56] {dino} take cares rambler
[10:56] {jfjf64} enjoy
[10:56] {Threei}  have a great time rambler :)
[10:57] {Threei}  done with last part SLW
[10:57] {rambler} gotta run, hauled boat on sat, lots to do....
[10:58] {dino} vrx stop -.29
[11:05] {dino} rinsed
[11:18] {nemo} ya know what is amazing about the Bin Laden operation..You had the Pakistani Military Academy 1000 yards away, and 3 regiments of the Pakistani military stationed in the area
[11:19] {Threei}  no kidding
[11:19] {ese} how many shs did you have of that dino
[11:19] {davd} that was his guard station, not a military academy
[11:19] {_rizvisy1} 3i any suggestions for NEM
[11:19] {nemo} Rick Santelli just said "Obama" Bin Laden
[11:20] {davd} its been going on all morning nemo - i've heard it 3 times on different stations
[11:20] {ese} idiot if he wasn't joking
[11:20] {Threei}  not really riz
[11:20] {_rizvisy1} k
[11:20] {davd} it does sound the same
[11:23] {dino} 400 es
[11:23] {ese} tks
[11:24] {Threei}  wow
[11:24] {Threei}  what the deuce
[11:25] {Threei}  (IA) Pentagon has denied a report from Iran claiming that Israel's warplanes are planning for a strike against the country
[11:25] {Threei}  - Iran claimed Israeli aircraft were moving to a US base in Iraq in preparation for an attack.
[11:25] {dino} rumors isreali aircraft at us base in iraq
[11:25] {dino} strike on iran thoughts
[11:26] {dino} pentagon denies
[11:26] {ese} more madness in the middle east
[11:26] {davd} we are basing our info on iran news agency?
[11:27] {Threei}  not until we reqruit Iraq's miniter of information to run ours
[11:27] {dino} yes, it seems
[11:28] {RonS} mayb from hominey-for-dinner-dad...
[11:28] {RonS} maybe
[11:30] {Threei}  FCX stays near the high while market sells down
[11:31] {Threei} Long Setup:  FCX  .50 break
[11:34] {Threei}  let's modify it a bit
[11:34] {Threei}  half lot .40 break if holding abovce .30
[11:34] {Threei}  and add half lot on .50 break
[11:37] {ese} well is this the move finally for jrcc
[11:37] {Threei}  stop for such combined lot will be under .35
[11:39] {ese} daaaaaaaaaa.........
[11:40] {Threei}  no worky FCX
[11:48] {ese} neither jrcc
[11:48] {ese} it's main lining
[11:50] {RonS} flat lining to non-musicians?
[11:50] {ese} ahhhhhhhhh   hmmmmmmmm
[11:51] {ese} ya got me there
[11:52] {ese} am gonna take my $200 buck and call it a day with this one the next time it hits .60
[11:53] {dino} ua sm l .75, stop .47
[11:55] {RonS} mobi dive
[12:08] {RonS} mobi l .30
[12:17] {ese} out jrcc .60 +.11
[12:19] {dino} ua stop
[12:20] {RonS} out mobi stop +.15  reverse slip
[12:20] {Threei} Short Setup: LVS  .40 break
[12:21] {Threei}  if stays under .50
[12:22] {Threei}  target's 1:2
[12:24] {Threei}  this big bid .38 is the last thing keeping it floating
[12:27] {Threei}  1:1
[12:27] {Threei}  1:2
[12:27] {Threei}  good boy
[12:27] {Threei}  out .15
[12:28] {RonS} wow...got .42 to .22 thanks 3i
[12:28] {Threei}  is it beauty or what
[12:28] {Threei}  welcome
[12:28] {gregns} yes, partialed at .22 and .13, ty
[12:28] {Threei}  :)
[12:28] {Threei}  good way to start the week
[12:30] {RonS} mobi harpooned
[12:34] {jfjf64} yes sir
[12:59] {dino} ua rinsed, lots of rinses last few days
[13:05] {jfjf64} wrong when that happens
[13:05] {jfjf64} rinses
[13:07] {dino} y
[13:10] {Threei}  so, the compound where Osama was found has been purpose-built 5 years ago,
[13:11] {Threei}  and no one asked who was it built for?
[13:11] {nemo} yep
[13:11] {nemo} ot
[13:11] {nemo} it's Pakistan
[13:11] {RonS} and i bet US paid for it
[13:11] {Threei}  withallies like that, who needs enemies
[13:14] {_rizvisy1} but they say it is with the help of Pakistani intelligence agencies
[13:17] {jfjf64} think kiddalfi lookin over head today
[13:17] {_rizvisy1} should get rid of too
[13:18] {Threei}  just not USA please
[13:18] {Threei}  he is someone elese's problem
[13:18] {nemo} Hard to tell if Pakistani intelligence actually aided them, but it makes for nice politics
[13:18] {nemo} yeah, send in SAS or Spetznatz
[13:20] {_rizvisy1} help from Pakistan intelligence was told by President Obama in his last night speech actually
[13:20] {nemo} what's your point?
[13:21] {jfjf64} easy nemo   maybe from pakistani decent
[13:21] {jfjf64} dont mind him rizzy
[13:21] {nemo} No, I'm asking the point, not being confrontational.
[13:21] {_rizvisy1} no thts fien
[13:21] {RonS} never met a decent pakistani
[13:22] {jfjf64} lol
[13:22] {_rizvisy1} lol
[13:22] {nemo} I was working for the government (US) back when KAL 700 was shot down
[13:22] {Threei}  unexpected victim of cost-cutting measires: we are not looking for extraterrestial life anyomre
[13:22] {RonS} omg
[13:22] {nemo} Suffice to say, what was reported, is not what happened
[13:22] {jfjf64} aggree
[13:22] {jfjf64} nemo
[13:23] {RonS} ya, had a couple of neighbors killed on the TWA flight
[13:23] {nemo} So, things are often said that have no basis in fact, but serve the storyline and politics of the situation
[13:23] {RonS} the true story never told on that either
[13:23] {_rizvisy1} no Iam not from Pakistan but just quoting President, hard to believe  it happed without local support in deep country
[13:24] {RonS} ya, thankfully Prez's never lie...unless they are GW...
[13:24] {nemo} I don't disagree riz, but there are factions within the ISI that make it very difficult to keep things a secret
[13:24] {ese} whats the isi nemo?
[13:25] {jfjf64} slw  lower imo
[13:25] {_rizvisy1} still there are factions in ISI, and with there help got hold of very top disgraceful terrorist
[13:26] {RonS} never took a bath?
[13:27] {jfjf64} .70 break   hold .80
[13:31] {nemo} Oh sorry, ISI is Pakistani Secret Service/CIA, etc
[13:31] {nemo} Having said that riz, there's quite a bit of the Islamic world that looks at the US as the biggest terrorist on the block
[13:33] {_rizvisy1} Different blocks have different views about each other but US generally helps muslims  like in Qawait war and Iraq Dictator etc
[13:34] {nemo} Yes, it's a matter of perspective
[13:34] {_rizvisy1} thta true
[13:34] {nemo} Just think, the leaders of the American Revolution were terrorists to the British
[13:35] {_rizvisy1} exactly perspective issue
[13:35] {nemo} yep
[13:35] {nemo} FCX above .05 could be interesting
[13:37] {_rizvisy1} what is KAL 700 nemo?
[13:38] {nemo} 1983 Korean Airliner that the Soviets shot down.
[13:38] {_rizvisy1} oh ok
[13:38] {nemo} Vad's guys  ;)
[13:38] {_rizvisy1} lol lol
[13:39] {RonS} sad day...May Day and no soviet parade...:(
[13:39] {Threei}  no?
[13:39] {Threei}  not even in Moscow?
[13:40] {Threei}  hey, I remember that story nemo
[13:40] {Threei}  took a few to relate
[13:40] {RonS} well, maybe i am wrong...but US press would run the thing to advertise for our military...
[13:41] {nemo} you had to drink vodka to relate?
[13:41] {Threei}  sigh
[13:41] {Threei}  lol
[13:42] {RonS} mobi going for lod
[13:53] {Threei} Short Setup: LVS  .60 break
[13:55] {dino} cymi sm l .90
[14:04] {jfjf64} lvs  grrrrrrrrrrr
[14:04] {Threei}  yeah, no go
[14:07] {ese} outta here all cya tomorrow
[14:07] {RonS} cya ese
[14:07] {Threei}  take care ese
[14:08] {jfjf64} later ese
[14:09] {dino} cya ese
[14:11] {RonS} mobi lod
[14:14] {dino} mlnx to .49
[14:20] {dino} out mlnx .50, +.55
[14:26] {dino} tdsc lod
[14:49] {Threei}  can't help it:
[14:49] {Threei} Short Setup: LVS  .60 break
[14:52] {davd} s lvs .58
[15:02] {davd} so far a 0,00 on lvs
[15:02] {davd} dollar looks to be strengthening on the treasury news ... imo
[15:04] {Threei}  time for violence?
06[15:05] * Threei hits LVS over the head with 2x4
06[15:05] * nemo stomps on LVS's fingers
06[15:06] * nemo drives jeweler's flat head screwdriver heads under LVS's fingernails
[15:06] {_rizvisy1} I though I was alone on LVS
[15:07] {Threei}  why... we trade what we call
[15:07] {Threei}  come on LVS, 2 cents till 1:1?
[15:08] {davd} davd offers free drinks to lvs
[15:09] {nemo} oh yeah, play nice...wtf
[15:09] {Threei}  really... what are you doing
[15:09] {davd} i'm short thought would get it drunk so it falls
[15:09] {dino} lol
[15:10] {nemo} that would take a while
[15:10] {nemo} now...if you poisoned the drink
[15:10] {nemo} better yet...cut the achilles
[15:15] {Threei}  trailing top to .66
[15:15] {Threei}  stop
[15:20] {Threei}  sigh
[15:27] {Threei}  SLW can't hold the lows...
[15:27] {Threei}  should have stuck with what workes consistently, eh
[15:34] {Threei}  rinse LVS
[15:35] {Threei}  as jf said, it's wrong
[15:36] {Threei}  (US) New York officials now investigating a suspicious package in Times Square - world press
[15:36] {Threei}  - The suspicious package was reportedly located at 43rd and 8th ave. No evacuations have been requested.
[15:37] {davd} osama!  give it up already.
[15:40] {Threei}  GLD drops nicely too
[15:40] {nemo} every asset class is dropping
[15:40] {Threei}  USO is not very red but red
[15:40] {Threei}  nice to see
[15:44] {davd} what's that color next to spy - dont recognize
[15:44] {Threei}  hehe
[15:58] {Threei}  OK guys thank you all
[15:58] {Threei}  have a good evening, see you tomorrow
[15:58] {larisa} bye :)