Thursday, June 9, 2011

Jun 09 2011

First losing day in a while. A few early wins were overrun by stops later on.

Session Time: Thu Jun 09 00:00:00 2011
[08:53] {Threei}  (US) INITIAL JOBLESS CLAIMS: 427K V 419KE; CONTINUING CLAIMS: 3.676M V 3.70ME
[08:53] {Threei}  - Prior Initial Jobless Claims revised higher from 423K to 426K
[08:53] {Threei}  - Prior Continuing Claims revised higher from 3.711M to 3.747M - 4 week avg claims: 424K v 426K prior
[09:00] {Threei}  is it time to wake up or I can nap for 15 min more?
[09:01] {Threei}  everyone else seems to
[09:04] {_nsj100} gm three. doing free trial. wont bother you during day.
[09:04] {Threei}  hi
[09:04] {Threei}  why... bother me
[09:04] {_nsj100} thanks
[09:04] {Threei}  otherwise I might remain in coma
[09:04] {RonS} gm...trichet comments tanked eur for .01
[09:05] {Threei}  morning Ron
[09:05] {Threei}  I decided against poasting them
[09:05] {Threei}  a lot of common place points, nothijg of substance
[09:05] {Threei}  btw, in case you wonder:
[09:06] {Threei}  poasting is a hybrid between posting and pasting
[09:06] {Threei}  {-- trying to turn exceptionally bad typing into inventiveness
[09:08] {Threei}  (GR) EU: Sees Greece will require an additional 45B in new loans- Total needs at 170B through 2014
[09:09] {_nsj100} wonder what Greece's motivation is to pay it back.
[09:10] {Threei}  I know full and exact answer to that:
[09:10] {Threei}  none
[09:10] {_nsj100} yep
[09:10] {Threei}  Greece WILL default
[09:10] {Threei}  in this or that form
[09:11] {Threei}  these guys don't want to pull the bandaid, and are kicking the can down the road
[09:11] {Threei}  making the inevitable outcome more painful
[09:11] {_nsj100} easy street
[09:11] {Threei}  but the word of the day is "not on my watch"
[09:12] {Threei}  EU is non-viable structure (never was but it required crisis to reveal it), andEuro is non-viable currency
[09:13] {Threei}  USSR, duct-taped together for 70 years, was kept floating that long by force
[09:13] {Threei}  EU being all democratic, has no such option
[09:13] {_nsj100} that's why the british pound still exists
[09:17] {rizvisy1} gm
[09:18] {Threei}  riz :)
[09:18] {dino} gm all
[09:18] {Threei}  dino :)
[09:21] {samire} gm
[09:21] {larisa} gm :)
[09:21] {Threei}  samire, larisa :)
[09:24] {_taxx31} good morning
[09:24] {ese} morning
[09:24] {Threei}  taxx, ese :)
[09:26] {_taxx31} market gap up ? sigh
[09:27] {jfjf64} mornin
[09:28] {Threei}  jf :)
[09:28] {_taxx31} lets have a good day today vad
[09:28] {_taxx31} =D
[09:29] {Threei}  no pressure?
[09:29] {_taxx31} no pressure
[09:29] {Threei}  I will trade my system that I trade for the last, umm, 13 years. Result will be what it will be
[09:30] {Threei} Short Setup: RIMM  .40 break
[09:30] {Threei}  sheesh
[09:30] {Threei}  no chasing
[09:30] {Threei}  wait for bounce
[09:30] {Threei}  desirably insanely shrp spike into .60s
[09:30] {Threei}  where it should be a quick entry opportunity
[09:31] {Threei}  one more spike please
[09:32] {_taxx31} short in .60s ?
[09:32] {jfjf64} .58
[09:32] {jfjf64} in
[09:32] {jfjf64} out
[09:32] {Threei}  sheeshcover half jf
[09:32] {jfjf64} all
[09:32] {Threei}  that was fast
[09:32] {jfjf64} too fast
[09:32] {Threei}  OK
[09:33] {Threei} Short Setup: RIMM  .60 break
[09:33] {Threei}  if stayns under .70
[09:33] {Threei}  stop to .65
[09:33] {Threei}  out
[09:33] {Threei}  held too well
[09:34] {_taxx31} SLW
[09:34] {_taxx31} falling
[09:34] {Threei}  should bounce a bit here, then looking for short
[09:34] {Threei}  desirably between .30 and .35
[09:35] {Threei} Long Setup:  FCX  .60 break
[09:35] {nemo} what happened
[09:35] {Threei}  if holding .50
[09:36] {Threei}  oer 1:1
[09:36] {Threei}  (GE) German Constitutional Court sets July 5 hearing date for suit against Euro Zone rescue packages
[09:36] {jfjf64} out  ty
[09:36] {jfjf64} quick  scalps
[09:36] {Threei}  (PO) Moody's places Portuguese Banks' standalone ratings on review for downgrade
[09:37] {Threei}  OK, SLW
[09:37] {Threei}  missed short above .30 while pasting news
[09:37] {jfjf64} ?
[09:37] {Threei}  grrr
[09:37] {Threei}  FCX 1:2
[09:38] {Threei}  1:3
[09:38] {Threei}  out
[09:38] {jfjf64} nice
[09:38] {_taxx31} slw .35
[09:39] {Threei} Short Setup: SLW  .25
[09:39] {Threei}  if stays under .25
[09:39] {Threei}  .35
[09:40] {Threei}  no worky
[09:41] {Threei} Long Setup:  RIMM  .60 break
[09:41] {Threei}  if stays above .60
[09:41] {_taxx31} .50 ?
[09:41] {Threei}  yes
[09:42] {_taxx31} in
[09:42] {jfjf64} my  brain  being  taxx
[09:43] {Threei}  nope, not behaving
[09:47] {Threei}  (GR) Greece bailout costs could reach 120B vs 90B speculation earlier
[09:47] {Threei}  - financial press citing sources- 30B expected from private sector, 30B from asset sales and privatizations; and 60B from the joint EU/IMF assistance
[09:47] {Threei}  - Reminder: Yesterday speculation for saving Greece put the figure at 90B
[09:47] {Threei} Short Setup: FCX  .10 break
[09:48] {Threei}  if stays under .20
[09:50] {Threei}  out
[09:50] {Threei}  yesterday's spikes start again
[09:52] {jfjf64} crazy spikes
[09:53] {jfjf64} bad  4  setups
[09:53] {RonS} mtn sm s .60
[09:59] {Threei}  mess so far
[09:59] {Threei}  (IT) Italy PM Berlusconi: Examing candidates to replace Italy Central Bank's Draghi
[09:59] {Threei}  Moody's expects EU to continue providing liquidity through the EFSF program- Sees a potential Greece default would increase default chances for Ireland and Portugal
[10:00] {Threei}  (US) APRIL WHOLESALE INVENTORIES: 0.8% V 1.0%E
[10:00] {Threei} Long Setup:  SLW  .40 break
[10:01] {Threei}  if stays above .30
[10:02] {Threei}  ok, normal setups don't work
[10:03] {Threei}  let's change
[10:06] {Threei}  RIMM, watch for sharp pullback under .50,
[10:06] {Threei}  for long entry between .40 and .50
[10:08] {samire} when should we buy ?
[10:08] {samire} .43?
[10:09] {Threei}  wait yet
[10:09] {samire} ok
[10:09] {Threei} Long Setup:  RIMM  .45 break
[10:10] {jfjf64} in
[10:10] {jfjf64} .47
[10:10] {Threei}  stop under .35, target .65, 2 parts
[10:11] {Threei}  1:1
[10:11] {_taxx31} when jf gets in .. stock goes in favor
[10:11] {Threei}  stop to .39
[10:11] {_taxx31} :)
[10:11] {jfjf64} yea  sure
[10:11] {jfjf64} ty
[10:12] {Threei}  SLW rinsed
[10:12] {Threei}  slimy bastard
[10:12] {_taxx31} lol
[10:12] {_taxx31} i saw it creeping up again
[10:13] {Threei}  SPY new high
[10:13] {Threei}  wake up RIMM
[10:14] {Threei}  let's trail to .44
[10:15] {ese} L qpsa .19
[10:15] {_taxx31} going now
[10:15] {_taxx31} 1:!
[10:15] {Threei} Short Setup: SLW  .60 break
[10:16] {dino} sina smr l .50
[10:16] {Threei}  .66 stop
[10:16] {Threei}  very tight, want to stay safe during these spikes
[10:17] {Threei}  if works, target is about .45
[10:18] {Threei}  RIMM on final approach
[10:18] {Threei}  hit
[10:18] {Threei}  out
[10:18] {jfjf64} nice
[10:18] {Threei}  your turn SLW
[10:18] {Threei}  roll over and die
[10:20] {Threei}  out
[10:20] {dino} out sina .65, +1.15
[10:20] {Threei}  wtg
[10:21] {dino} ty
[10:21] {jfjf64} dino  nice
[10:21] {_taxx31} rimm is such a f$^##@% stock
[10:21] {_taxx31} 1:4
[10:21] {samire} thanks Vad
[10:22] {samire} now what should i do with all these money
[10:22] {samire} my closet is full
[10:22] {Threei}  easy
[10:22] {Threei}  send them to me
[10:22] {samire} i have to rent new atorge
[10:22] {RonS} out mtn 44.12 +.48
[10:22] {Threei}  I will administer them to poor countries on your behalf
[10:22] {samire} storage
[10:22] {Threei}  for a small administrative fee of course
[10:23] {samire} please do not give my address to any one
[10:23] {samire} they will look or my closet tonight
[10:23] {Threei}  why do I need competition
[10:23] {samire} for not or
[10:24] {samire} fair deal
[10:24] {dino} gj ron
[10:24] {samire} i will ship on a boat.......they are truck loads
[10:27] {Threei} Short Setup: X  .50 break
[10:27] {Threei}  if tays under .60
[10:29] {nemo} got vwap at .48
[10:29] {Threei}  invalidated
[10:30] {Threei}  oh boy, UNG
[10:30] {Threei}  will natural gas players ever get a break?
[10:31] {Threei}  **(US) EIA NATURAL GAS INVENTORIES: +80 BCF V +75 BCF TO +80 BCF EXPECTED RANGE
[10:31] {Threei}  (GR) IMF reiterates involuntary Greek debt restructuring would be an undesirable credit event
[10:31] {Threei}  as opposite to voluntary?
[10:34] {Threei} Short Setup: X  .80 break
[10:35] {Threei} Short Setup: SLW  .80 break
[10:36] {Threei}  X invalidated
[10:37] {_taxx31} slw as well ?
[10:37] {Threei}  yes
[10:39] {ese} Aig's slide show be over.......figur..........that humongus capit bar last week and that huge volume 2 days ago should about do it
[10:40] {RonS} ...until they go bankrupt...
[10:41] {ese} ya.......big surprise if that happens  for sure
[10:41] {Threei} Short Setup: SLW  .90 break
[10:42] {Threei}  not a scalp this time
[10:42] {Threei}  target 1:4
[10:43] {RonS} in .92
[10:43] {jfjf64} jjf  type  of  play
[10:43] {jfjf64} dieeeeeeeeeeeeee
[10:44] {RonS} ty jf...battle cry...
[10:44] {Threei}  this chart is so clean, if it doesn't work I'll cut my wrists with banana
[10:45] {Threei}  1:1
[10:45] {nemo} gotta' find a new line dude
[10:45] {Threei}  no, this one is good since I have no single bana in the house
[10:46] {dino}  sina smr l .01
[10:46] {Threei}  stop for the balance to .95
[10:47] {Threei}  to .91 now
[10:48] {Threei}  playing with house money
[10:48] {ese} L some more qpsa avg still.19
[10:49] {Threei}  out second half
[10:49] {Threei}  scalpers win
[10:50] {Threei}  spikes are back
[10:54] {Threei}  getting interested in X short again
[10:54] {Threei}  .80 break
[10:56] {_taxx31} this might go
[10:56] {_taxx31} goooooo
[11:07] {Threei}  if this attempt to make new high is rejected, we finally have a good fish hooked
[11:08] {Threei}  with a lot of air under
[11:10] {nemo} X vwap .58
[11:11] {Threei}  ok
[11:11] {Threei}  looks like all systems are go
[11:11] {Threei}  SPY signals reverse
[11:11] {Threei}  now, no idiotic spikes please
[11:13] {Threei}  .40 target stands
[11:16] {Threei}  SLW
[11:16] {Threei}  what the deuce
[11:17] {Threei}  (GR) Fitch comments on peripherals; feels Spain is making progress, hard to see Greece as anything other than distressed
[11:17] {Threei}  - Notes will review ratings on Ireland and Portugal if Greece restructures
[11:21] {Threei}  X doesn't look healthy anymore
[11:22] {Threei}  out
[11:23] {_taxx31} i guess everythings gonna run forever
[11:24] {ese} where were you in on X vad
[11:24] {Threei}  .80
[11:25] {ese} nice little scalp
[11:25] {Threei}  nice little stop rather
[11:25] {_taxx31} here goes X
[11:25] {Threei}  which starts looking like rinse
[11:26] {Threei}  look at this disconnect
[11:26] {Threei}  SPY reversed as told
[11:26] {Threei}  no stocks follow
[11:26] {Threei}  RIMM is up
[11:26] {Threei}  SLW is up
[11:26] {Threei}  FCX barely pulled back
[11:27] {ese} ya interesting......
[11:27] {ese} meaning?  things are headed up?
[11:28] {Threei}  not necessary
[11:28] {jfjf64} whats  meaning
[11:28] {Threei}  rather, disarray
[11:28] {ese} that to
[11:28] {Threei}  widespread confusiuon
[11:28] {Threei}  absence of commitment on either side
[11:28] {_taxx31} RIMM will give its gains back
[11:28] {_taxx31} im confident
[11:29] {Threei}  daily is horrible on RIMM
[11:29] {ese} i thought about partialling qpsa at .40 but i think mrkt is still gonna be up for the day so am going to hold it
[11:29] {Threei}  steady decline with nothing but weak bounces
[11:29] {ese} pullbacks are shallow
[11:29] {_taxx31} on our rimm play this morning
[11:30] {_taxx31} my stop limit got jumped
[11:30] {_taxx31} it fell like a knife.. -.40...stupid broker.
[11:30] {ese} that happens alot
[11:31] {Threei}  don't use automated stops
[11:31] {_taxx31} pretty much only reason im having horrible day.. -0.40 on rimm and now from entry..would have been .. +0.70
[11:31] {Threei}  surefire way to get rinsed
[11:37] {Threei}  relief rally in many names
[11:37] {rizvisy1} Vad, you recommend not to use stops in order entry and wait to enter manually when it reaches at stop limit.
[11:37] {Threei}  yes
[11:39] {rizvisy1} well, it is viable but in mornings first 15 minutes stocks move so rapidly that twice I tried to do that but had to chase it till it goes another 3to 4 cents ahead.
[11:40] {Threei}  your limit order should be a few cents out of market
[11:40] {Threei}  not exact limit
[11:40] {Threei}  then you'll get it executed without multiple attempts, and ultimately at better price
[11:41] {Threei}  as it will sweep best available prices up to your limit
[11:42] {rizvisy1} for example your entry for long is 42.50 and stop is 42.40, so you mean stop limit should be 42.42 or 42.43, and it will get best price in case stock goes against trade?
[11:42] {Threei}  no
[11:43] {Threei}  if your stop is 42.40, then your sell should be limit .37
[11:43] {Threei}  when .40 is hit, you send order "sell at .37
[11:43] {RonS} entered at break of .40 3i?
[11:43] {Threei}  it will get you all the shares available at .40, .39, .38 and .37
[11:43] {Threei}  right
[11:44] {rizvisy1} got it, makes clear
[11:45] {rizvisy1} so it is stop and limit order combination
[11:47] {Threei}  it's a stop limit
[11:47] {Threei}  just th the correct price
[11:47] {rizvisy1} yes
[11:47] {Threei}  whoch allows to avoid market odrer problems
[11:49] {Threei}  ok
[11:49] {_taxx31} rimm still going
[11:49] {Threei}  will this market make new highs or finally reverse
[11:49] {_taxx31} +$1.17 from entry...why do i sell when i go into loss like that...wth
[11:49] {Threei}  yeah, RIMM is one of those "why did I ever sell", lol
[11:50] {_taxx31} 1:12
[11:50] {Threei}  we had long entry where?
[11:50] {_taxx31} 36.60
[11:51] {Threei}  yes, and then another .445
[11:51] {Threei}  .45
[11:51] {_taxx31} i was exec'd at 36.6099
[11:51] {_taxx31} yeah and another .45
[11:51] {Threei}  which worked
[11:51] {_taxx31} yeah
[11:51] {jfjf64} WHOS  ON  FIRST
[11:51] {_taxx31} it worked all the way
[11:51] {_taxx31} until 1:13 now
[11:51] {_taxx31} i think we took 1:@
[11:51] {_taxx31} 1:2
[11:52] {Threei}  heh, this spike is on this:
[11:52] {Threei}  (GR) Greece cabinet said to approve 2011-15 privatization plan - financial press
[11:52] {Threei}  ***Troika officials extracted promises from Greek officials to set up a privatization fund to sell off state assets, overseen by outside observers from the EU and euro zone member states. The new agreement also includes binding quarterly targets on privatization revenues.
[11:52] {Threei}  wwhich is total bs
[11:53] {Threei}  strikes and riots will lead to political crisi, possibly referndum
[11:53] {Threei}  and all this crap will cramble
[11:53] {RonS} cramble...new fruit juice?
[11:54] {Threei}  you try to type with your elbows
[11:58] {_taxx31} u think this is going to run all day ?
[11:58] {_taxx31} :/
[11:58] {Threei}  no
[11:58] {Threei}  it's going to run to the point where you decide that you have to jump on board
[11:58] {Threei}  that's when it reverses
[11:58] {RonS} lol
[11:59] {jfjf64} lol
[11:59] {Threei}  and I am not really kidding
[11:59] {Threei}  this is how it works:
[11:59] {Threei}  it climbs slowly, luring bystanders in
[12:00] {Threei}  when they can't stand the pain of missing the train anymore, they jump on board
[12:00] {Threei}  causing vertical spike'
[12:00] {Threei}  early buyers dump into that spike
[12:00] {Threei}  and there is no one left to buy
[12:00] {Threei}  later buyers start offerinmg into emptiness
[12:00] {Threei}  and comopete between themselevs lowering offers
[12:00] {Threei}  and reversing the trend.
[12:01] {Threei}  Anyone who read Techniques of Tape Reading knows the scenario
[12:01] {Threei}  and to those who didn't I have one question
[12:01] {Threei}  why didn't you
[12:02] {jfjf64} russian  author
[12:02] {Threei}  I've met him
[12:02] {jfjf64} lol
[12:05] {_taxx31} vad..i know u dont like my SLB ...dont play it..but keep an eye on it..daily has heavy resistance at 86.15 area
[12:05] {_taxx31} and i dont think market is strong enough to break it
[12:06] {Threei}  "don't like"... not really
[12:06] {rizvisy1} lol
[12:06] {Threei}  I have no emotional preferences for any of them
[12:06] {RonS} facebook friend 3i?
[12:06] {Threei}  none of them is to marry... some are for one night stands, some are for flings
[12:07] {Threei}  this one is jjust not my cup of tea
[12:07] {dino} you talking stocks or women vad?
[12:07] {Threei}  two lines ago, stocks... now, not so sure, lol
[12:07] {RonS} feerings...
[12:35] {Threei}  (GR) Germany Fin Min Schaeuble: Greece needs to do more in order to win support for additional aid
[12:38] {Threei}  TZA
[12:38] {Threei}  watching for long entry on pullback to about .90
[12:39] {rizvisy1} like idea
[12:40] {Threei} Long Setup:  TZA  .95
[12:40] {Threei}  break
[12:40] {Threei}  if stays above .80
[12:41] {Threei}  target 40.60
[12:44] {Threei}  change of trigger to .90 break
[12:45] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzz  qpsa up .15 ahhhhh hemmmmm....zzzzzzzzzzzzzzzzzzzzzzzz
[12:46] {davd} tza still valid
[12:46] {davd} ?
[12:47] {Threei}  not with thast entry, but looking for new one
[12:47] {davd} nope
[12:47] {rizvisy1} I agree Vad, it has yet to come down fully
[12:50] {Threei}  .80 weas it??
[12:50] {Threei}  lol
[12:50] {Threei}  jumped up like crazy enthelope
[12:50] {rizvisy1} spikes driving crazy ereeeeerrrrrrrrrrrrr
[12:51] {davd} 1pm 30yr auction
[12:51] {nemo} that should go badly
[12:55] {davd} it will get an A
[12:55] {davd} it went bad one time - that was when i sold tlt - been good ever since :(
[12:56] {_taxx31} ha
[12:56] {_taxx31} wtf was taht on the SPY
[12:58] {RonS} ese look jva
[12:59] {davd} if btc below 2.75 tlt goes down?
[12:59] {nemo} spy is walking up a channel, it's at R2 for the day, but could verywell look to test the 130.10 area R3 is 130.02
[12:59] {davd} i agree - imo s&p to 1295
[13:00] {patience} sorry nemo, what is r2 and r3?  did i miss this part of the training?
[13:01] {nemo} daily pivot levels.  Usually, you have a pivot point and 3 resistance levels above and 3 support levels below
[13:02] {nemo} look at the price action day before last
[13:02] {davd} nemo right re 30yr
[13:02] {nemo} huge resistancea at 130.10
[13:02] {nemo} 130.02 is R3 on daily pivot
[13:02] {_taxx31} Hedgefunds saying market will test 1250
[13:02] {nemo} we are WAAAAAAY oversold going into today
[13:03] {davd} money from 30yr may drive market higher today imo
[13:03] {nemo} if you look at the spy action since yesterday, there's straightline trend resistance
[13:04] {_taxx31} yeah
[13:04] {_taxx31} right from 128.20
[13:04] {RonS} patience, if you care...:  http://tinyurl.com/6hfuj4
[13:05] {nemo} yeah, and there's a few different ways to calculate pivots
[13:13] {Threei}  SOY starts looking like new highs are possible
[13:13] {Threei}  which means no TZA play
[13:13] {Threei}  SPY that was
[13:18] {rizvisy1} FCX falling
[13:18] {Threei}  (GR) Germany politicians agree on a proposal for private sector participation in Greek aid, raising revenue from privatizations, and must involve IMF participation - financial press citing govt sources
[13:22] {_taxx31} is there a way to get charrts of the
[13:22] {_taxx31} dow
[13:22] {_taxx31} and s&p 500
[13:23] {Threei}  DJI
[13:23] {Threei}  SPY
[13:23] {_taxx31} oh SPY .. is exactly same ?
[13:23] {Threei}  proxy
[13:23] {_taxx31} oh ok already use spy
[13:23] {Threei}  not exact numbers but same moves
[13:23] {Threei}  and DJI is free with all brokers
[13:23] {Threei}  that I know of
[13:24] {Threei}  symbol may be $DJI or ^DJI
[13:24] {_taxx31} DJIA
[13:24] {_taxx31} FCX beautiful downward arch
[13:25] {Threei}  we are in architecture now?
[13:25] {_taxx31} hahah not trading
[13:25] {_taxx31} so might as well
[13:35] {Threei}  so, which way this stall resolves
[13:38] {dino} up
[13:39] {rizvisy1}  was expecting Vad call to short at .90, i guess he didn't like setup
[13:40] {Threei}  short what?
[13:40] {rizvisy1} after FCX after loosing support at .90
[13:41] {Threei}  this is good setup, problem is:
[13:41] {Threei}  almost none of these traditional setups worked today
[13:43] {rizvisy1} lol,but this one looks solid
[13:44] {Threei}  so did aall others
[13:44] {Threei}  it's just not the day when they work
[13:44] {Threei}  nothing works 100%
[13:45] {rizvisy1} oh yeah, beauty of market, each trade is wrapped gift
[13:45] {Threei}  you press when things work
[13:45] {Threei}  you slow down when they don't
[13:46] {rizvisy1} yes
[13:46] {Threei}  see our Monday and Tuesday,
[13:46] {Threei}  setups worked perfectly, and on TRuesday we pressed harder and got rewarded
[13:46] {Threei}  yesterday they were luikewarm
[13:46] {Threei}  today they simply don't work
[13:47] {Threei}  waiting out this period until things aling again
[13:48] {dino} sina lod
[13:52] {Threei}  see how FCX would get stopped. riz?
[13:52] {dino} sm l .05
[13:52] {rizvisy1} looking market in play not stocks
[13:53] {rizvisy1} spiked up n up
[13:53] {RonS} which dollar dino?
[13:53] {ese} i'll see you all tomorrow...i'm gonna ride qpsa out to the end of the day....cya
[13:53] {rizvisy1} and took everything along
[13:53] {dino} 90
[13:59] {dino} out sina .stopped
[14:04] {RonS} petula clark:  sina the times...
[14:05] {dino} sina smr l .75
[14:08] {dino} out sina .40, +.65
[14:11] {RonS} took sina 88.99 to 89.80   thanks dino
[14:12] {dino} gj
[14:13] {RonS} ya well, we both would have made more playing ppo correctly today
[14:14] {dino} sidetracked day, bidding a foreclosure house, finally got it
[14:17] {RonS} for you or a rental?
[14:18] {dino} for a flip. try to flip two or three a year
[14:18] {RonS} bet nemo does that almost every day...
[14:18] {RonS} :D
[14:22] {davd} flip or flip off
[14:23] {RonS} ;)watcha think?...
[14:31] {RonS} aapl intra chart a rorshack test
[14:38] {RonS} rimm acting like a short 3i?
[14:38] {Threei}  they all do!
[14:38] {Threei}  I just have hard time telling when it's finally THAT time
[14:39] {Threei}  after a few misfires
[14:39] {Threei}  (FR) France court planning to set a date on a decision on whether or not to pursue an investigation against France Fin Min Lagarde - financial press
[14:39] {Threei}  - Decision date time frame could vary from days, weeks or months; yet an announcement on the date on which a decision will be made is scheduled for tommorow
[14:39] {Threei}  - Investigation surrounds allegations she may have overstepped her authority in 2007 when she intervened in a case of a business individual vs the France state
[14:39] {Threei}  - Reminder: IMF's deadline on an oppointment of new chief is scheduled for June 30; a position for which Lagarde appears a frontrunner
[14:39] {RonS} the horror of austerity:  Greece to cut civil service retirement bonuses--
[14:40] {_taxx31} market needs to die\
[14:40] {_taxx31} and it needs to tell me before it does
[14:42] {Threei}  lol
[14:42] {Threei}  this last line is actually a very good point
[14:45] {Threei}  ok, who is ready to try again
[14:45] {Threei}  TZA
[14:45] {Threei}  ,80 brweak
[14:46] {Threei}  if this is finally a reversal, should be a good one
[14:46] {Threei}  if not, well
[14:48] {dino} sina smr l .05
[14:51] {davd} glad invalid
[14:56] {Threei}  yeah
[14:58] {davd} ill still do it, just glad :D
[14:59] {dino} out .35, +1.31
[15:00] {dino} wow continued higher
[15:04] {dino} damn two bucks more
[15:05] {davd} nemo what is resistance on sp 1294.5 or 1295 or 1294?
[15:06] {davd} he where did he go?
[15:07] {Threei}  who knows...
[15:07] {Threei}  fish is mysterious creature
[15:09] {davd} i believe its 130.023 on spy re freestockcharts
[15:26] {Threei}  (US) Rep Van Hollen (D-MD): House members negotiating with Vice President Biden about deficit reduction plans will meet three times next week
[15:26] {Threei}  ***Reminder: On June 7the Senator Kyl (R-AZ) said that Vice President Biden was negotiating for a $2.4T increase in US debt limit through 2012 in exchange for $2.5T in savings over the next decade.
[15:26] {Threei}  hmmm
[15:26] {Threei}  let me try again:
[15:27] {Threei}  $2.4T increase in US debt limit through 2012
[15:27] {Threei}  check
[15:27] {Threei}  in exchange for $2.5T in savings over the next decade?
[15:27] {Threei}  how does this make any sense?
[15:33] {dino}  it doesn't
[15:46] {Threei}  what can I say
[15:47] {Threei}  reeversal finally came with no setup I could see
[15:47] {Threei}  TZA double bottom at .50 with .60 break, in rertospect...
[15:47] {Threei}  not clear at the moment at all
[15:59] {dino}   gn all
[16:00] {Threei}  losing day - first this week
[16:00] {Threei}  oh well
[16:00] {Threei}  thank you all, have a good evening
[16:00] {Threei}  see you tomorrow
[16:00] {larisa} bye :)

Wednesday, June 8, 2011

Jun 08 2011

Nice active morning, lukewarm afternoon... positive but teeth-pulling day, comparing to yesterday.

Session Time: Wed Jun 08 00:00:00 2011
[08:51] {Threei}  Iran and other OPEC members said to favor 700K to 1M bpd OPEC production increase - US financial press citing sources- Iran suggests that OPEC ministers should hold an emergency meeting within three months
[08:53] {Threei}  (US) China PBoC advisor: Hopes United States will guarantee the safety of China's investment in the US
[08:53] {Threei}  - Says US is 'playing with fire' if debt default is to be considered.
[08:53] {Threei}  - China should do its most to convince the US from seeking debt default.
[08:53] {Threei}  **Reminder: On Jun 7th China SAFE advisor Guan Ho commented that there were risks in holding excessive positions in USD assets and personally believed that the USD would continued to weaken against other major currencies.
[09:01] {davd} hmm dow12k hat back in the closet?
[09:02] {Threei}  who knows...
[09:02] {Threei}  won't take much selling to get there
[09:03] {Threei}  and sellers are lurink right behind the corner
[09:03] {Threei}  lurking too
[09:08] {_taxx31} good morning
[09:09] {Threei}  morning tax
[09:12] {davd} 2pm vote re delay durban ammendement - re debit card interchange
[09:12] {davd} dollar higher this morn - imo bernanke no mention qe3 last night
[09:13] {Threei}  I believe so
[09:13] {Threei}  which incidcentally sent the market screaming down
[09:14] {davd} bty amendment
[09:14] {_taxx31} gap down
[09:14] {_taxx31} as expected but what happens after..no ide
[09:15] {Threei}  guess what - so has the rest of the world
[09:15] {Threei}  no idea
[09:18] {rizvisy1} gm all
[09:18] {Threei}  riz :)
[09:19] {dino} gm all
[09:20] {Threei}  dino :)
[09:20] {RonS} gm everyone
[09:20] {davd} opec meeting ends with no agreement
[09:20] {Threei}  Ron :)
[09:21] {dino} mind the gaps, 11859, 2221, 1279
[09:25] {Threei}  USO jumped on that
[09:25] {Threei}  guess who refused to increase production
[09:25] {Threei}  Venezuela, Algeria, Iran
[09:26] {Threei}  if we didn't know who our friends were, now we do
[09:26] {davd} see, i told you the saudis were our friends
[09:26] {Threei}  :)
[09:26] {davd} still 10:30 oil report to affect
[09:27] {dino}  i don't think those 3 are capable of increasing. so increases will hurt them. but yes, they are not friends
[09:28] {_taxx31} slb
[09:28] {_taxx31} oops
[09:29] {Threei}  well, you may be surprized
[09:29] {Threei}  but ZI am looking to short something
[09:29] {davd} interesting pt dino
[09:29] {jfjf64} mornin all
[09:29] {Threei}  particularly, and herein lies another surprize, RIMM and SLW
[09:30] {Threei}  jf :)
[09:31] {Threei} Short Setup: RIMM  .30 break
[09:31] {Threei} Short Setup: SLW  33 break
[09:32] {_taxx31} rimm too quick
[09:32] {Threei}  RIMM if stays under .45
[09:33] {RonS} oil shoots through 100 now.100.50
[09:33] {Threei}  SLW invalidated but looking for another entry
[09:33] {Threei}  RIMM 1:1
[09:33] {Threei} Short Setup: SWL  .20 break
[09:33] {Threei}  if stays under .30
[09:34] {samire} slw  ?
[09:34] {Threei}  SLW of course
[09:34] {_taxx31} u mean SLW
[09:34] {ese} gm
[09:34] {ese} late
[09:34] {Threei}  hi ese
[09:34] {Threei}  brought a norte from parents?
[09:34] {Threei}  note
[09:35] {ese} ya.....have it right here.....will get it to you late
[09:35] {ese} later
[09:35] {Threei}  let's modify SLW
[09:35] {samire} still valid  ?
[09:35] {Threei}  .25 break
[09:35] {Threei}  if sdtays under .35
[09:37] {Threei}  invalidated
[09:37] {samire} invalid
[09:40] {jfjf64} cien
[09:40] {Threei}  (SA) Saudi Arabia Oil Min Remains commited to supplying the oil market with whatever needs
[09:40] {jfjf64} .61
[09:40] {jfjf64} worth  try  3i
[09:41] {Threei} Short Setup: SLW  .40 break
[09:41] {Threei}  if stays under .50
[09:41] {Threei}  double tope
[09:42] {Threei}  not a scalp
[09:42] {Threei}  .10 - .15 target
[09:44] {jfjf64} too early  4violence
[09:44] {jfjf64} ?
[09:44] {dino} meli sm l .98
[09:44] {Threei}  never
[09:44] {jfjf64} dieeeeeeeeee
06[09:44] * Threei hits SLW over the head with 2x4
[09:44] {Threei}  1:1
[09:44] {_taxx31} 1:1 thanks vad
[09:44] {Threei}  welcome
[09:44] {_taxx31} 1:2
[09:44] {Threei}  1:2
[09:44] {_taxx31} went a lot more
[09:45] {Threei}  target hit
[09:45] {Threei}  out
[09:45] {dino} stopped
[09:45] {jfjf64} ty
[09:45] {Threei}  classic formation with all signs being there... will list them in Catch of the Day
[09:45] {_taxx31} i think i covered a little early lol
[09:45] {_taxx31} it always happens with me
[09:45] {Threei}  taxx:
[09:45] {Threei}  09:42] {Threei} not a scalp
[09:45] {Threei}  [09:42] {Threei} .10 - .15 target
[09:45] {_taxx31} yeah i had it at .13
[09:45] {Threei}  take me off ingore, will ya
[09:46] {_taxx31} but it execed at .10
[09:46] {_taxx31} executed*
[09:46] {_taxx31} just broker stuff
[09:46] {RonS} slw wanted .12...got .42 to .21  thanks 3i
[09:46] {Threei}  :)
[09:46] {Threei}  executed at .10?
[09:46] {Threei}  what does that mean?
[09:47] {nemo} missed slw...took cien .54 short
[09:47] {davd} saudi saying will do what it needs to do to keep market well supplied
[09:47] {jfjf64} anf
[09:47] {jfjf64} bounce  time
[09:47] {jfjf64} ?
[09:47] {_taxx31} it was transacting at .13 gain...put in cover limit order to secure minimum .10 gain and it executed at .10 gain and then proceeded down
[09:47] {davd} open breakup? victim of arab spring?
[09:47] {davd} opec
[09:47] {Threei}  davd...
[09:48] {Threei}  man...
[09:48] {Threei}  09:40] {Threei} (SA) Saudi Arabia Oil Min Remains commited to supplying the oil market with whatever needs
[09:48] {Threei}  how, oh how did I manage to get on bad side of yours so deeply
[09:48] {Threei}  taxx, I don't get it
[09:48] {Threei}  you use limit orders or market?
[09:48] {nemo} they also said cushion down because of Libya
[09:49] {_taxx31} ok... i use limit orders
[09:49] {_taxx31} SLW gonna break 33
[09:49] {Threei}  so how can it execute not where you entered it but at worse price?
[09:49] {davd} sorry 3i
[09:50] {Threei}  too late davd... I intend to cry for a week from this moment on
[09:50] {_taxx31} limi cover sell @ 33.29 ... it was trading at $33.26..it came and executed @ $33.29 and then went down again
[09:51] {Threei}  ok...
[09:51] {_taxx31} its ok .. lets move on
[09:51] {_taxx31} cover buy* sorry
[09:51] {jfjf64} pls
[09:52] {nemo} covered 1/4 more cien .16
[09:53] {Threei}  nice
[09:53] {Threei} Long Setup:  RIMM  .50 break
[09:53] {Threei}  stop is beyond obvious
[09:54] {_taxx31} .40 ?
[09:54] {Threei}  just under
[09:54] {dino} amrn sm l .00
[09:54] {jfjf64} .40  s
[09:54] {jfjf64} looks  good  also
[09:54] {jfjf64} ?
[09:55] {samire} invalid rimm ?
[09:55] {Threei}  nah, not to me, jf
[09:55] {jfjf64} ty
[09:56] {Threei}  invalidated long
[09:56] {samire} ok
[09:56] {Threei}  may reestablish or modify, not sure yet
[09:58] {Threei} Long Setup:  RIMM  .40 break
[09:58] {Threei}  holding very well
[09:58] {Threei}  just needs market help
[09:59] {samire} is rimm still valid  ?
[09:59] {Threei}  no, it lost .30
[09:59] {samire} ok
[09:59] {Threei}  holding it is condition
[10:00] {Threei}  but it turns into the same setup repeating each 10 cents below
[10:00] {Threei}  grrr
[10:00] {Threei}  late
[10:00] {Threei}  OK, no chasing
[10:01] {ese} catching up on my reading....positive comments from Ben Bernackers i see......excellent way to support a recovering economy
[10:01] {Threei}  1:1... grr again
[10:02] {samire} i got kickded out
[10:02] {samire} am i still in ?
[10:02] {Threei}  yes
[10:03] {samire} ok
[10:03] {ese} yes and no
[10:03] {samire} i am in
[10:04] {Threei}  (GR) Agreement on a Greece bailout still faces hurdles, ECBis requiring assurances on voluntary debt rollover - financial press citing sources
[10:04] {Threei}  - Expectation that a Greece deal may take months for final completion
[10:04] {Threei}  - Assurances to the ECB may include EFSF guarantees and Greece assets
[10:05] {Natali} gm:)
[10:05] {Threei}  natali :)
[10:08] {Threei}  darn, RIMM
[10:09] {Threei}  slipped through fingers
[10:10] {_taxx31} sorry vad...wasnt watching ...was raging about SLB
[10:10] {_taxx31} took a .20 gain..and stock ran another .60 in next 5 mins
[10:11] {Threei}  this seems to be a permanent occurenece with you
[10:13] {_taxx31} last week only
[10:13] {_taxx31} im cursed
[10:15] {_taxx31} oh vad.. RIMM u called it perfect
[10:15] {_taxx31} 1:4 already
[10:18] {RonS} ese look swn and tell me what u think...
[10:18] {_taxx31} 1:5
[10:19] {Threei} Long Setup:  FCX  .25 break
[10:19] {Threei}  if stays above .15
[10:19] {dino}  meli rinsed
[10:21] {Threei}  target .55, 3 partials
[10:22] {Threei}  no worky
[10:22] {_taxx31} market
[10:22] {Threei}  first stop, let's make a pause and reevaluate
[10:22] {_taxx31} selling thats why
[10:23] {nemo} is that an excuse to drink
[10:23] {Threei}  rather to stop
[10:24] {nemo} frickin' eagles are so big now hey fill the screen
[10:27] {rizvisy1} Taxx
[10:29] {Threei} Short Setup: SLW  .90 break
[10:29] {Threei}  if stays under 33
[10:30] {Threei}  invalidated
[10:30] {Threei}  *DOE CRUDE: -4.8M V -1ME; GASOLINE: +2.2M V +500KE; DISTILLATE: +810K V -500KE; UTILIZATION: 87.2% V 86%E
[10:31] {_taxx31} what do those numbers mean vad..
[10:32] {Threei}  oil inventories
[10:32] {_taxx31} good or bad
[10:32] {Threei}  matyter of interpretation
[10:33] {Threei}  overdraft of oil for the week, oversupply of gasoline, oversupply of distilate
[10:33] {Threei}  SLW, watch for bounce to short into
[10:34] {Threei}  as close to .90 as possible if we get lucky
[10:34] {Threei}  was reestablishing but needed just one bar more for confidence
[10:35] {Threei}  yeah right...
[10:35] {Threei}  got away
[10:35] {Threei}  maybe not
[10:35] {_taxx31} why did it have to spike
[10:35] {jfjf64} hmm
[10:35] {_taxx31} in that 2 min candle before
[10:35] {_taxx31} you had it perfect
[10:35] {jfjf64} .87
[10:35] {jfjf64} in
[10:36] {Threei}  .88
[10:36] {jfjf64} stop 33.00
[10:36] {Threei}  just above
[10:36] {jfjf64} ty
[10:36] {jfjf64} violence
06[10:37] * Threei hits SLW over the head with 2x4
[10:37] {Threei}  1:1
[10:37] {Threei}  target about .60, maybe more if market helps
[10:38] {Threei}  stop to .95
[10:38] {_taxx31} can i ask how many shares you took with that vad
[10:38] {Threei}  no
[10:38] {_taxx31} ok
[10:38] {Threei}  sorry but my personal finances is private
[10:39] {Threei}  log is geting posted for the whole world to see, and I am not about to disclose to anyone and everyone what I make
[10:39] {nemo} you're only doing 50k share lots now right?
[10:39] {_taxx31} just wondering about what position size other people trade with
[10:39] {_taxx31} thats all
[10:39] {Threei}  White House: Concerned about oil price impact on the economy; have tools to address the prices
[10:40] {Threei}  1:2
[10:40] {jfjf64} done  ty
[10:40] {nemo} they have tools for that?  wtf
[10:41] {Threei}  1/4 out more and stop to .85
[10:42] {Threei}  perfect bounce for us to utilize, eh jf?
[10:42] {_taxx31} i just wish i was faster
[10:43] {Threei}  it was near .90 for almost a min
[10:43] {Threei}  how long does it take to click?
[10:43] {jfjf64} not  bad
[10:43] {jfjf64} lol
[10:43] {jfjf64} all dayy
[10:43] {_taxx31} just hesitating if it would break that .90
[10:45] {Threei}  stop to .81
[10:45] {dino} whr sm l .35
[10:49] {Threei}  66% Say Private Sector Employees Work Harder Than Government Workers
[10:49] {Threei}  duh
[10:49] {Threei}  Only 24% Say They Share Obama's Political Views
[10:50] {Threei}  but they voted for the man?
[10:50] {Threei}  and are going to again in 2012?
[10:50] {dino}  hope not
[10:53] {Threei}  SLW target hit
[10:53] {dino} out whr .70, +.35
[10:54] {Threei} Short Setup: RIMM  .50 break
[10:54] {Threei}  if stays under .60
[10:56] {dino} out amrn .27, +.27
[10:56] {Threei}  nice series dino
[10:57] {_taxx31} this rimm
[10:57] {Threei}  RIMM target about .20 - .25
[10:57] {_taxx31} in
[10:57] {Threei}  SLW death was horrific
[10:58] {_taxx31} bad
[10:58] {Threei}  who? what?
[10:59] {_taxx31} the slw death
[10:59] {_taxx31} was bad
[10:59] {Threei}  for it, maybe... for us, was good
[11:00] {Threei}  .40 is RIMM's last line of defense
[11:00] {Threei}  if loses it, should be fast
[11:00] {_taxx31} its putting up a fight
[11:01] {Threei}  touched 1 cent from 1:1...
[11:01] {Threei}  not sure, maybe stop trail...
[11:01] {Threei}  (US) Rep Frank (D-MA) affirms support for amendment to delay implementation of cap on debit card fees- Reminder: In Early April Frank noted support for legislation to delay the implementation of rules regarding debit interchange fees
[11:02] {Threei}  matter of personal preference, if you feel shaky trail stop to .56
[11:03] {dino} wlk sm l .52
[11:04] {Threei}  NY Fed: Purchased $6.41B in outright coupon purchase; dealers submitted $23.45B for consideration (bid to cover 3.66)
[11:04] {Threei}  - Heaviest purchase was $5.96B in the 05/31/16 maturity
[11:06] {_taxx31} stopped out...bloody damn...1 trade and that was mine
[11:06] {samire} are we still in rimm ?
[11:07] {Threei}  [11:02] {Threei} matter of personal preference, if you feel shaky trail stop to .56
[11:07] {samire} just to make sure
[11:14] {dino} wlk stop -.30
[11:17] {Threei}  RIMM rinse
[11:17] {Threei}  don't you hate it
[11:18] {_taxx31} ARE YOU KIDDING ME
[11:18] {_taxx31} told u im cursed
[11:18] {nemo} hehehehehe welcome to my nightmare
[11:19] {Threei}  ok, it's all taxx's fault
[11:19] {nemo} bastid
[11:19] {_taxx31} there was only one trade at my price point at .56 and it was my stop out
[11:19] {_taxx31} lol i would be done for day right now ... effing rimm
[11:21] {_taxx31} high was .62
[11:22] {davd} spy below vwap
[11:27] {_taxx31} be back 1 hr
[11:30] {dino} wow vrus pop and drop
[11:30] {Threei}  jerky market today
[11:30] {dino} ya think, :)
[11:31] {Threei}  duh moment? :)
[11:36] {davd} i think we will see "end of opec" headlines tomorrow
[11:36] {Threei}  how so?
[11:36] {Threei}  who is going to take the initiative to end it?
[11:37] {Threei}  if Saudis, I will send them my heartfelt thank you
[11:38] {Threei} Short Setup: FCX  .70 break
[11:39] {Threei}  invalidated but not off radar
[11:39] {Threei}  looking for another trigger
[11:40] {Threei} Short Setup: FCX  .75 break
[11:41] {Threei}  if stays under .85
[11:43] {dino} renn drop
[11:47] {Threei}  invalidated
[11:47] {nemo} look to short again around 59
[11:47] {nemo} 49
[11:47] {Threei}  as easy as last two days were, today is like pulling teeth
[11:48] {nemo} how's your waterpik?
[11:51] {Threei}  frikin RIMM
[11:55] {Threei}  so far, today feels like pause in our winning streak - not a losing day but farily close to flat
[11:56] {Threei}  unless of course afternoon offers couple nice wins
[12:00] {Threei}  (US) Rep Markey (D-MA): US should be ready to use the strategic petroleum reserve (SPR) following OPEC's failure to increase production today
[12:00] {Threei}  I have just one thing to say to Rep Markey: you are an idiot
[12:05] {davd} that just felt like a near term bottom?
[12:06] {Threei}  for a min felt like bottom allright...
[12:09] {dino}  otex
[12:10] {dino} otex sm l ave .15
[12:10] {Threei} Short Setup: FCX  ..05 break
[12:10] {Threei}  if stays under .15
[12:10] {Threei}  lol, invalidated
[12:11] {Threei}  I am fighting the trend it seems
[12:11] {Threei}  it's jujts that trendfs change on a whim todau so I have hard time trusting them
[12:11] {davd} glad it was invalidated
[12:11] {Threei}  I also have hard time typing with my knees it seems
[12:12] {rizvisy1} $ down down
[12:13] {rizvisy1} uup
[12:16] {nemo} funny...bunny is under my nephew's bed, so I stand at the door with a bag of tortilla chips and start to crinkle the bag while saying, "Bunny, guess what I've got?"  Two minutes later, she's at my desk
[12:17] {dino} dog sitting on floor by my desk watching me eat a sub
[12:21] {rizvisy1} Survey: Nearly Half of Americans Plan to Never Invest More in Stocks: CBS money watch
[12:22] {dino} "more", how about less, odd
[12:22] {davd} see americans are smart
[12:25] {dino} endp
[12:27] {dino} itmn drop
[12:32] {dino} itmn sm l .84
[12:36] {dino} otex stop -.33
[12:58] {dino}  meli sm l .54 ave wide
[13:12] {dino} ipgp
[13:12] {ese} .
[13:13] {ese} ese is not away ..........ese is ticked because it's too flippin busy and he can't get any trading in.......
[13:13] {dino} not missing much
[13:14] {ese} thats good
[13:14] {nemo} quit work
[13:15] {ese} thats comin
[13:15] {ese} hard to do........it's too much fun making music when i'm there
[13:17] {nemo} I understand completely
[13:17] {nemo} Besides, that's u...and something tells me you enjoy teaching too much
[13:18] {nemo} RCL
[13:19] {dino} sm l ipgp .22
[13:20] {ese} thats true nemo
[13:20] {ese} i enjoy doing this as well....torn
[13:21] {nemo} you have two beasts to feed
[13:24] {Threei}  RIMM
[13:24] {Threei}  watching bounce for short
[13:25] {Threei}  somwhere around 37 resistance
[13:25] {Threei}  hard to determine exact entry
[13:29] {nemo} ID
[13:29] {nemo} ID
[13:30] {dino} out ipgp .67, +.45
[13:48] {Threei}  anyone picked the entry for RIMM?
[13:48] {ese} catch ya tomorrow all have a good rest of the day......am not really doing anything
[13:48] {Threei}  wait ese
[13:49] {dino} cya es
[13:49] {Threei}  trade is coming up
[13:49] {dino} out itmn .19, +.34
[13:49] {Threei} Short Setup: RIMM  .75 break
[13:49] {ese} lol
[13:49] {dino} .35
[13:54] {dino} ipgp sm l .14
[13:55] {Threei}  market is holding by fingertips
[13:55] {jfjf64} violence
[13:55] {dino} 1279 filled
[13:56] {jfjf64} dieeeeeeeeeeeeeeeee
[13:57] {samire} i was away...are we short rimm
[13:57] {Threei}  1:1
[13:57] {Threei}  half out
[13:57] {Threei}  we are
[13:57] {jfjf64} half here
[13:57] {dino} ipgp stop -.32
[13:57] {samire} u snooze...u loose
[13:58] {jfjf64} dieeeeeeeeeeeeeeeeee
[13:58] {Threei}  lose too
[13:58] {Threei}  actually jf... I am surprized you didn't go for RIMM near 37
[13:59] {Threei}  your style entry
[13:59] {jfjf64} stop  b/e
[13:59] {Threei}  for me personally, stop .81
[14:01] {dino} ipgp rinsed
[14:05] {dino} ipgp sm l .77
[14:09] {Threei}  (US) Fed's Bullard: Economy not weak enough to warrant further Fed stimulus
[14:09] {Threei}  right, economy said and fell of a cliff
[14:10] {dino} plow spike
[14:11] {jfjf64} jf  got  out b/e
[14:11] {jfjf64} grr
[14:12] {jfjf64} maybe i sd listen
[14:12] {jfjf64} rooten  ya  on
[14:12] {jfjf64} dieeeeeeeeeee
[14:13] {Threei}  if SPY loses 128.25, mini-crash is in order
[14:18] {dino} out ipgp .27 ave +.50
[14:21] {dino} v drop
[14:21] {dino} gdot too
[14:21] {dino} ma too
[14:21] {dino} must be bad news on card fees
[14:23] {jfjf64} 3i
[14:23] {jfjf64} rimm .60  break
[14:23] {jfjf64} looks   it
[14:24] {jfjf64} i sd  still be  in
[14:24] {Threei}  i think so
[14:25] {jfjf64} took it
[14:25] {jfjf64} half  lot
[14:25] {jfjf64} 4  me
[14:26] {Threei}  1:2
[14:30] {_taxx31} rimm
[14:31] {RonS} US Senators' Plan To Delay Debit Card Rules Gaining Momentum       06/08 09:42 AM
[14:32] {_taxx31} hey vad
[14:32] {_taxx31} rimm short break 37.50 from this morning looks like a gem now
[14:32] {_taxx31} 1:9 lol
[14:33] {RonS} A legislative measure that would have delayed and curtailed a Federal Reserve debit-card interchange-fee reduction rule was rejected Wednesday afternoon.
[14:33] {Threei}  well, I am gem-finder, gem-giver and gem-collector
[14:33] {dino} 2:14 rejected, cyber
[14:34] {Threei}  US) Senator Chambliss (R-GA): A bipartisan group of congress is moving torwads an agreement that seeks to save $4.7T over 10 year period
[14:35] {Threei}  in short, who needs gems - you know who to call
[14:35] {nemo} the Hasids in NY?
[14:36] {Threei}  rofl
[14:37] {Threei}  hmmm
[14:37] {Threei}  wth is that
[14:37] {jfjf64} a gem
[14:37] {jfjf64} what  to  do  with it
[14:37] {jfjf64} ?
[14:38] {Threei}  how would I know
[14:38] {Threei}  gind a girl to give it to?
[14:38] {jfjf64} lol
[14:38] {Threei}  find
[14:38] {_taxx31} lets make some money vad
[14:38] {_taxx31} ready to go
[14:39] {Threei}  gosh... what did we do whole day
06[14:39] * _taxx31 is crying about his RIMM stopout @ $37.56 earlier
[14:40] {Threei}  man... you need to do less hand-wringing and more following the rules of trading
06[14:40] * nemo slaps _taxx31 around a bit with a large baby bottle and bib
[14:40] {_taxx31} i am following :D
[14:41] {Threei}  rules are really very simple
[14:41] {Threei}  a baby, a cat or even a baby cat can follow them
[14:41] {Threei}  now... grown-up humans are not that smart... but still
[14:41] {nemo} if they've been declawed they can't type
[14:42] {RonS} ...and starts calling him Roy (orbison..."crying over you")?
[14:44] {rizvisy1} .
[14:47] {Threei}  I've no idea where that spike came from
[14:47] {Threei}  no news
[14:47] {dino} sina crash
[14:49] {dino} sina 131 to 98 in 4 days
[14:56] {rizvisy1} .
[14:57] {dino} ;
[15:08] {jfjf64} dieeeeee
[15:08] {jfjf64} rimm
[15:08] {jfjf64} hangin  on
[15:13] {jfjf64} look slw
[15:13] {jfjf64} short into  bounce  thinkin
[15:25] {Threei}  .20 break, IMO
[15:26] {jfjf64} looks right
[15:26] {jfjf64} good defined  stop
[15:28] {jfjf64} in
[15:29] {_taxx31} i would take it but im done for day
[15:29] {_taxx31} and i dont want to cut into any of my profits for the day
[15:29] {_taxx31} haha
[15:29] {nemo} then why are you still here?
[15:30] {_taxx31} just talking
[15:30] {_taxx31} just finished like 5 mins ago
[15:31] {jfjf64} hoding
[15:31] {Threei}  tese spikes today are ruinous to setups
[15:31] {RonS} new dance?
[15:31] {RonS} got a cold?
[15:31] {nemo} wtf?
[15:32] {jfjf64} rs   drinking
[15:32] {RonS} rs bored
[15:32] {nemo} RS needs to stop talking about himself in the 3rd person
[15:32] {jfjf64} trading sd be boring
[15:32] {jfjf64} no
[15:33] {jfjf64} comon  slw
[15:33] {jfjf64} its SHOWTIME
[15:34] {nemo} I'm afraid there is a double bottom on the spy and IWM
[15:35] {RonS} prmoter in france calls his mma fights "it's showtime"
[15:35] {nemo} too many rules in mma
[15:35] {RonS} guy brings out 6 quasi dancers between rounds
[15:35] {RonS} wild scene
[15:36] {jfjf64} LOL
[15:37] {jfjf64} comon  slw
[15:37] {jfjf64} ya  want .10
[15:38] {_taxx31} go slw...dieeee for my man jf
[15:38] {jfjf64} lol
[15:38] {jfjf64} easy  with the dieeeee
[15:38] {jfjf64} hv to earn  that
[15:39] {_taxx31} uh oh
[15:39] {jfjf64} lol
[15:39] {_taxx31} it broke 8ema
[15:39] {jfjf64} ya alright  tax
[15:40] {nemo} I'm not laughing
[15:42] {jfjf64} sorry  nemo
[15:42] {_taxx31} sorry nemo
[15:43] {RonS} not sorry nemo
[15:43] {nemo} think only the computers are trading
[15:44] {nemo} well, at least you stopped referring to yourself in the 3rd person
[15:44] {RonS} good .
[15:44] {nemo} it's a start
[15:46] {jfjf64} nemo  ya  hit  dbot call spy
[15:47] {nemo} let's see, what would RonS do...
[15:47] {nemo} ahh....yes,
[15:47] {nemo} Nemo's the man calling the bottom
[15:48] {jfjf64} rs  watchin  youtubr  quasi dancers
[15:48] {nemo} NB: which means it should drop through the floor any minute
[15:48] {jfjf64} lol
[15:48] {nemo} btw...it db'd basically at the premarket low
[15:50] {dino} nemo, getting good spotting at bottoms
[15:50] {jfjf64} 3i   jumped  ship
[15:50] {nemo} o.k. dino...that wasn't bad
[15:51] {Threei}  what ship?
[15:51] {jfjf64} ahh
[15:51] {nemo} spy drops this bottom 127 next stop
[15:51] {jfjf64} rt  ship
[15:52] {_taxx31} slw reversal
[15:52] {Threei}  just wondering why I bothered to wake up today
[15:52] {Threei}  barely positive
[15:52] {jfjf64} had  great mornin
[15:52] {Threei}  lacklustre afterboon
[15:54] {Threei}  ok guys, as I forecast, it was a pause day
[15:54] {Threei}  let's make tomorrow a resumption dsay
[15:55] {Threei}  thank you all, have a good evening
[15:55] {Threei}  see you tomorrow
[15:55] {jfjf64} ty
[15:59] {larisa} bye :)

Tuesday, June 7, 2011

Jun 07 2011

One of those days when you can do no wrong. Well, you can but rarely. 10 calls, 8 wins. I can live with such percentage. 

Session Time: Tue Jun 07 00:00:00 2011
[08:59] {dino} gm all
[08:59] {Threei}  morning dino
[09:01] {jfjf64} gm all
[09:02] {Threei}  jf... you OK?
[09:02] {Threei}  never saw you waking up so early
[09:02] {jfjf64} ?
[09:03] {jfjf64} early  riser   just  dont  like saying mornin 2 ya    before 9:26
[09:03] {dino}  lol
[09:06] {Threei}  ok... then it's just a case of well-timed ignoring us
[09:08] {jfjf64} beauty of day  east  coast
[09:09] {dino} indeed
[09:10] {jfjf64} lets  mk  some $$$  and  enjoy
[09:15] {ese} gm
[09:16] {jfjf64} ese
[09:16] {ese} jf
[09:17] {jfjf64} how  ya  sales  pitch  go  for recording  studio
[09:18] {ese} i thought it went well......am not used to going up infront of a corporate boardroom doing that sort of thing
[09:18] {larisa} gm :)
[09:18] {jfjf64} hmm   you  sd of asked 3i   to go with ya
[09:19] {ese} don't know if were gonna get the whole $50,000 but i think were gonna get some of it
[09:19] {jfjf64} im sure it  was tough
[09:19] {jfjf64} im sure  ya will
[09:19] {patience} good morning guys
[09:19] {Threei}  ese, larisa, patience :)
[09:20] {ese} patience vad laris
[09:20] {ese} tks jf
[09:21] {davd} well, i for one am going to be careful about sending naked pix from now on!
[09:21] {jfjf64} ?
[09:21] {Threei}  lol davd
[09:22] {Threei}  guy is absolute and complete idiot
[09:22] {davd} him and the other dozen caught in the last 5 years
[09:23] {ese} what news item are you all referring to
[09:23] {davd} dollar real weak this morning re uup
[09:23] {Threei}  I've never seen anyone in such position appearing on all the tv waves sao wiklingly, attracting so much attention during denial phase
[09:24] {davd} ese, the only one on any major network except al jezeera
[09:24] {Threei}  US congressman, ese
[09:25] {jfjf64} sarah  palin??
[09:25] {Threei}  you wsh
[09:26] {Threei}  lol
[09:26] {jfjf64} yes
[09:26] {ese} man....congressman.......jf
[09:26] {Threei}  but youy get anrew wiener instead
[09:26] {Threei}  not fair trade, I know
[09:26] {jfjf64} yuk
[09:27] {Threei}  no clear opening play
[09:28] {Threei}  watching usual suspects
[09:29] {_taxx31} market gapping up
[09:29] {Threei}  odds of opening jump up or sell-off are equal
[09:30] {Threei}  we norticed, taxx
[09:30] {_taxx31} super lame...all of yesterdays retrace meaningless
[09:31] {Threei}  (GR) Netherlands Fin Min de Jager: reiterates it is not a certainty that Greece will get additional aid
[09:31] {Threei}  - Reiterates the private sector should contribute if Greece gets extra aid.
[09:31] {Threei}  - Notion of a Greek referendum on austerity programs is a bad idea.
[09:31] {Threei}  - REMINDER from 5/26: Netherlands Fin Min de Jager: Greek politicians will have to approve reform or will receive NO Dutch aid.
[09:33] {jfjf64} gs
[09:33] {jfjf64} wow
[09:33] {jfjf64} finnies
[09:34] {jfjf64} .12  break  jpm
[09:34] {Threei}  grrr
[09:34] {Threei}  prepared RIMM alert .60 break
[09:34] {jfjf64} half
[09:35] {samire} short or long ?
[09:35] {Threei} Short Setup: RIMM  .40 break
[09:35] {Threei}  half lot
[09:35] {Threei} Short Setup: SLW  34 break
[09:36] {Threei}  RIMM stop .55
[09:36] {Threei}  SLW .12
[09:37] {nemo} oput slw
[09:37] {Threei}  no worky SLW
[09:38] {Threei}  RIMM 1:1, half out
[09:38] {nemo} missed rimm caught slw...all's right
[09:38] {Threei}  stop to .45
[09:39] {jfjf64} missed  slw  caught  rimm
[09:40] {Threei}  ADBE buyout rumor
[09:43] {_taxx31} slb
[09:44] {Threei} Short Setup: FCX  .10 break
[09:44] {Threei}  if stays under .20
[09:45] {Threei}  not a scalp for me
[09:45] {Threei}  half out
[09:45] {Threei}  stop to .15
[09:45] {Threei}  bid 1/4 more under .90
[09:46] {rizvisy1} gm
[09:46] {Threei} Short Setup: X  .95 half lot
[09:46] {Threei}  morning riz
[09:47] {Threei}  43.10 stop
[09:50] {Threei}  (US) Preview: Jun IBD/TIPP Economic Optimism index due out at 10:00ET**Consensus expectation: 42.0e v 42.8 prior
[09:50] {Threei}  1/4 more out FCX
[09:50] {Threei}  .87
[09:51] {Threei}  feel free to close it as you see fit
[09:51] {Threei}  X 1:1, half out
[09:51] {Threei}  stop .43.01
[09:52] {_taxx31} lol what the hell .. got out of X..and it worked straight away
[09:52] {Threei}  why would you get out of it?
[09:52] {Threei}  it never jeopardized the stop, not even speaking of hitting it
[09:53] {nemo} what was the stop, above 43.10?
[09:53] {Threei}  09:47] {Threei} 43.10 stop
[09:54] {_taxx31} fcx is just gonna be a milker for you
[09:55] {nemo} I should just go back to bed
[09:56] {Threei}  ok X
[09:56] {Threei}  lose that .80 and die
[09:57] {_taxx31} its fighting
[09:57] {Threei}  if holding FCX still, stop 50.01
[10:00] {Threei}  (EU) European Bank for reconstruction and development (EBRD): Markets are not convinced of Greece economic recovery, debt issues are worsening in the EMU recovery
[10:00] {Threei}  - Sees chance that Spain can deal with its challenges
[10:00] {Threei}  good IBD/TIPP number
[10:01] {Threei}  *(US) JUN IBD/TIPP ECONOMIC OPTIMISM: 44.6 V 42.0E
[10:03] {davd} banks strongest sector this morning re kbe
[10:06] {_taxx31} look at FCX bounce
[10:06] {Threei}  followed the market on IBD numbers
[10:08] {rizvisy1} IP bid for TIN
[10:08] {samire} Vad...market is up.....and you made your money on shorts today
[10:08] {samire} amazing
[10:08] {Threei}  well, it dropped after the open
[10:08] {Threei}  so I just went with trend at the time
[10:08] {Threei}  "up" is in the gap, right?
[10:09] {ese} L qpsa sm .22
[10:09] {Threei}  which we couldn't trade since we didn't hold anything overnight
[10:12] {Threei} Short Setup: FCX  .15 break
[10:12] {Threei}  if stays under .25
[10:13] {_taxx31} FCX invalid?
[10:13] {Threei}  modification
[10:13] {Threei}  .20 break trigger
[10:14] {Threei}  if stays under .30
[10:15] {_taxx31} hopefully it works
[10:15] {_taxx31} bounced straight back up
[10:15] {_taxx31} in @ .19
[10:15] {Threei}  market spike
[10:16] {Threei}  stopped
[10:17] {_taxx31} yeah stopped out
[10:17] {Threei}  relief rally
[10:17] {_taxx31} still
[10:18] {_taxx31} should get a short here maybe
[10:18] {Threei}  taxx
[10:18] {Threei}  hit the pause please
[10:18] {nemo} IMO wait until spy around 130.10
[10:18] {_taxx31} k
[10:18] {Threei}  and listen to me for a min
[10:18] {Threei}  trading is different from guessing or gambling or reading chicken entrails
[10:18] {Threei}  trading should be done on certain signals
[10:19] {Threei}  valid setups
[10:19] {Threei}  why have you exited X earlier?
[10:19] {Threei}  ehy do you think FCX should be shorted here?
[10:19] {Threei}  there was no signal to closing X,
[10:19] {Threei}  there is no setup to short FCFX
[10:19] {Threei}  see where I am going with this?
[10:20] {_taxx31} im not holding my nerves today
[10:20] {_taxx31} something wrong in my head
[10:20] {Threei}  if you want to do everything purely on gut feeling, this is absolutely not what we do - although admittedly it does' lay a role
[10:21] {Threei}  but it's an aid
[10:21] {Threei}  not a main method
[10:21] {_taxx31} yes sir
[10:22] {nemo} FFN
[10:22] {ese} dino ...you stalking anything
[10:22] {Threei}  yes but he has to respect restraining prder
[10:22] {ese} lol
[10:23] {ese} interesting jump up with ffn
[10:23] {RonS} do you "like" friendfinder nemo?  ffn
[10:23] {nemo} No, I'd rather pay for it outright so I know what I'm getting
[10:23] {nemo} Boston Phoenix started that sight here in Cambridge
[10:23] {nemo} site
[10:23] {RonS} pay 'em to leave, eh?   lol
[10:24] {nemo} Nah, I always carry a fake ID and never tell them where I live...I always speak in a german accent too
[10:24] {Threei} Short Setup: SLW  34 break
[10:25] {ese} L cat ..09
[10:26] {nemo} .04 if stays under .15?
[10:26] {Threei}  could be if market drops and SLW lags
[10:26] {Threei}  here
[10:26] {Threei}  yes
[10:26] {Threei} Short Setup: SLW  .05 break
[10:26] {Threei}  if stays under .15
[10:27] {nemo} .21 is pivot
[10:27] {Threei}  1:1
[10:27] {ese} have a quick stop for  cat .00
[10:28] {_taxx31} it bounced right over my order
[10:28] {Threei}  stop to .12
[10:28] {nemo} it knew it was your order
[10:29] {Threei}  come on SLW, no rinsing
[10:29] {Threei}  just die
[10:30] {jfjf64} easy  thats  my  line
[10:30] {Threei}  who missed first chance to cover half, here it is again
[10:30] {jfjf64} dieeeeeeeeeeeeeeeeeee
[10:30] {RonS} on cnbc...FFN ceo "We make more money than Facebook. We have a larger client base than Facebook."
[10:30] {Threei}  sorry jf
[10:30] {jfjf64} no  prob
[10:30] {jfjf64} sun
[10:30] {jfjf64} ignor
[10:30] {_taxx31} ffn
[10:31] {_taxx31} is that why it popped? cuz of dude on cnbc ?}
[10:31] {Threei}  stop to .08
[10:31] {ese} really........where did these guys come from Ron......don't recall hearing much about them
[10:31] {RonS} me neither...ask nemo...
[10:31] {davd} sun had target raised
[10:31] {Threei}  they had decent earnings report yesterday
[10:31] {RonS} yes taxx...
[10:32] {ese} my cat 1/2 lot could turn into decent bucks if it breaks above .20
[10:32] {ese} daaaaaaaa stopped.99
[10:32] {ese} =.10
[10:32] {ese} -.10
[10:32] {Threei}  stop to .06
[10:32] {samire} Vad for a president
[10:33] {Threei}  nemo, pains me to say so but... very good spot on modifying SLW entry
[10:33] {ese} we've tried that before
[10:33] {Threei}  1:2
[10:33] {samire} i do not know why the whole world not in this room  ?????????????????
[10:33] {ese} would be too many vodka induced decisions
[10:33] {jfjf64} dieeeeeeeeeeeeee
[10:33] {nemo} yeah, not even sure...o yeah now I remember
[10:33] {Threei}  amazes me too samire
[10:34] {ese} lol
[10:34] {nemo} the wick at .15 and then next couldn't get above .12
[10:34] {Threei}  do your part and let the world know {G}
[10:34] {ese} L cat .03
[10:35] {Threei}  10:33] {ese} would be too many vodka induced decisions
[10:35] {Threei}  lol but, ese,
[10:35] {ese} stop .86
[10:36] {Threei}  do you seriously believe current crop of politicians makes better decisions sober that we would under strong vodka influence?
[10:36] {jfjf64} what  ya  sellin  the  avg joe  doesnt  want    they  want  the get  quick  rich plan
[10:36] {Threei}  right
[10:36] {jfjf64} they dont  want  to  learn
[10:36] {ese} that would me
[10:36] {jfjf64} kudos  to  3i
[10:36] {Threei}  so maybe I shoulf stop peddling that pesky education
[10:36] {RonS} still on cnbs:  FFN CEO notes they have $100 mln more in revs than LNKD and almost double their EBITDA, but trade at a fraction of their valuation
[10:36] {Threei}  and sell pure calls?
[10:37] {RonS} cnbc
[10:37] {RonS} freudian
[10:37] {RonS} could go momo
[10:37] {jfjf64} or  bacon
[10:38] {RonS} wish their were shorts
[10:38] {jfjf64} honest buisness
[10:38] {ese} go cat.......above .20 this time
[10:39] {ese} out .33 +.30
[10:39] {ese} 3/4
[10:44] {Threei} Short Setup: RIMM  .60 break
[10:44] {_taxx31} rimm
[10:45] {Threei}  if bounces into .70, consider aggressive entry there with stop above .80
[10:45] {Threei}  jf's favorite method
[10:46] {_taxx31} entry for short?
[10:47] {nemo} pivot .81, might look for it there too
[10:47] {Threei}  in .69
[10:47] {jfjf64} .68
[10:47] {Threei}  I too love aggressive entries
[10:48] {ese} L cat .08
[10:48] {_taxx31} lol
[10:49] {_taxx31} wheres the stop
[10:49] {Threei}  10:45] {Threei} if bounces into .70, consider aggressive entry there with stop above .80
[10:49] {jfjf64} tax  ya  drinkin  today
[10:49] {ese} cat?
[10:50] {ese} stop .00
[10:50] {_taxx31} PP at .81 tho
[10:50] {Threei}  jusrt under I'd think ,ese
[10:50] {Threei}  pp?
[10:50] {jfjf64} rimm slave  to  mkt
[10:50] {ese} ya could readjust to .98
[10:51] {_taxx31} pivot point like nemo said
[10:51] {Threei}  if SPY goes over 130, will likely kill the play
[10:52] {Threei}  RIMM doesn't really trade here on its own
[10:52] {Threei}  but follows market
[10:52] {Threei}  its own PPs etc don't matter much
[10:52] {Threei}  it's also a bit weaker than market overall,
[10:52] {jfjf64} using  130  break  spy
[10:52] {Threei}  so it's less likely to follow the market up to full exctend,
[10:52] {jfjf64} 4 stop
[10:53] {Threei}  and likely to exaggerate any market downward move
[10:53] {ese} out cat .20 +.12
[10:53] {Threei}  I wouldn't, jf
[10:53] {jfjf64} dieeeeeeeeeeeeeeeeee
[10:54] {Threei}  stop .81, simple and robust
[10:54] {jfjf64} not  know
[10:54] {_taxx31} haha dieeeeeeeee
[10:54] {Threei}  look the very last words in the Taoist Trader course
[10:54] {jfjf64} taxx  you  havee to earn  that
[10:54] {_taxx31} ok
[10:54] {jfjf64} dieeeeeeeeeeeeeeee
06[10:54] * _taxx31 tapes his mouth
[10:55] {jfjf64} lol
[10:55] {nemo} how about putting a plastic bag over your head
[10:55] {nemo} maybe that's a little over the top
[10:55] {Threei}  said kind gentle nemo
[10:55] {RonS} lol
[10:55] {nemo} oh, did my nice twin show up?
06[10:55] * _taxx31 is choking
[10:56] {Threei}  his flowery soul shines through his health care recommendations
[10:56] {jfjf64} boy  if anyone  reads  trader  blog
[10:56] {_taxx31} sorry guys..made a bad play today...down about 55 cents on the day
[10:56] {_taxx31} everything im in doesnt seem to work
[10:57] {Threei}  come on taxx... you are here to trade with us.. you'll be fine if you do
[10:57] {Threei}  so far, 7 calls, 4 wins, one is still open
[10:57] {jfjf64} rules
[10:58] {_taxx31} yeah thats what im saying
[10:58] {_taxx31} 7 calls..and i picked the 2 losers
[10:58] {Threei}  if you are present here but trade something else, you are not taking us seriously
[10:58] {nemo} well, and' it's at least a scalp
[10:58] {Threei}  OK... 1:1, first paretial out
[10:58] {Threei}  that 5 out of 7
[10:58] {nemo} the thought of someone taking me seriously is truly frightening
[10:58] {jfjf64} dieeeeeeeeeeeeeee
[10:58] {_taxx31} x2
[10:58] {_taxx31} i can say that :d
[10:59] {nemo} NO! you can't
[10:59] {jfjf64} not  following  mkt
[10:59] {Threei}  well, you can safely ignore nemo's calls for plastic bag...
[10:59] {nemo} Yeah, but there's always the list...
[10:59] {Threei}  that one won't do much good for your face color
[11:00] {Threei}  that blueish shade looks not very healthy
[11:00] {Threei}  stop to .71, RIMM
[11:00] {Threei}  jf... lookie here
[11:00] {Threei}  we think we are smart for taking agressive entry,
[11:01] {jfjf64} lol
[11:01] {Threei}  but imagine if we waited for super-aggressive near .75 - .77, with stop .81
[11:01] {Threei}  we qwould feel like einsteins here
[11:01] {Threei}  with 5-6 cents stop
[11:02] {Threei}  1:2 baby
[11:02] {RonS} took rimm .72 to .51  thanks 3i
[11:02] {jfjf64} im  not  a  super aggressive trader yet
[11:02] {Threei}  Ron :)
[11:02] {jfjf64} just   agg
[11:02] {Threei}  well, I am half joking,
[11:02] {jfjf64} v
[11:02] {jfjf64} ignor
[11:02] {Threei}  there was a good chance it would simply drop from .70, never giving us that great entry
[11:03] {Threei}  so, .70 entry was a good compromise
[11:03] {_taxx31} market is selling
[11:04] {jfjf64} rimm
[11:04] {Threei}  I don't see any news
[11:04] {Threei}  maybe this
[11:05] {_taxx31} couldnt break 130 so now sold off to .70s
[11:05] {Threei}  NY Fed: Purchased $1.44B in TIPS securities; dealers submitted $7.77B for consideration (bid to cover 5.39)- Heaviest purchase $300M in the 01/15/25 maturity
[11:07] {jfjf64} outta  here  guys
[11:07] {jfjf64} ty
[11:07] {_taxx31} ur done ?
[11:07] {dino}    back in hour, side tracked morning
[11:07] {jfjf64} yup
[11:07] {RonS} cya jf
[11:07] {jfjf64} take $$ and  run
[11:08] {RonS} quote of the day:  Friendfinder should hire #Weiner as a paid spokesperson. Like Bob Dole & Viagra, every biz needs a famous...
[11:08] {Threei}  take care jf, good job
06[11:08] * Threei slaps jfjf64 around a bit with a large roll of cash
[11:19] {ese} gotta go...grad day at my high sch....still L qpsa
[11:19] {Threei}  take care ese
[11:20] {RonS} cya ese...no mashing 'o the chicks...
[11:25] {Threei}  fiiiinally
[11:25] {Threei}  RIMM
[11:25] {Threei}  last piece
[11:25] {Threei}  out .35
[11:26] {RonS} check plab...appears to be basing for a breakout run...some day
[11:26] {RonS} gj 3i
[11:26] {Threei}  ty
[11:26] {Threei}  +.34 or so
[11:26] {Threei}  my math is getting fuzzy after that long
[11:29] {davd} spy at vwap
[11:30] {RonS} aapl lod
[11:39] {RonS} open is busted but i cannot short...
[11:40] {davd} nyx halted
[11:43] {Threei}  OPEC planning to recommend an increase in oil output - world press citing sources
[11:45] {Threei}  guys, anyone's using ApplTv device at hime?
[11:46] {RonS} no
[11:46] {davd} no good?
[11:46] {Threei}  dunno... raving reviews, just had a question on compatibility with PC
[11:48] {RonS} hearing O tv
[11:48] {Threei}  yeazh, with Merkel
[11:49] {RonS} Deutsche Boerse AG and NYSE Euronext Announce Special Dividend of €2.00 Per Share for Shareholders of the Combined Group $NYX
[11:50] {Threei}  (IS) US President Obama and Germany Chancellor Merkel agree that a Palestinian effort for statehood at the UN should be avoided- Notes more pressure will be placed on Gaddafi to step down
[11:50] {Threei}  Gaddafi: you step down
[11:50] {RonS} bigger bombs?
[11:54] {RonS} UK turns up heat on planned EU derivatives rules       06/07 09:51 AM
[11:54] {RonS} New European Union rules to crack down on derivatives must not stifle choice on where to clear transactions, a UK government official said on Tuesday.
[11:54] {RonS} We should not be legislating for monopolies," Gurga said
[11:57] {Threei} Short Setup: SLW  .50 reak
[11:57] {Threei}  stop is so obvious, I won't insult your intelligence by mentioning it
[11:58] {samire} i am glad that i did not swing AKAM yesdterday
[11:59] {Threei}  yeah... I don't know what attracted you in it in a first place
[11:59] {Threei}  ugly chart
[11:59] {nemo} LVS
[12:00] {Threei}  weird spikes in market
[12:01] {dino} .
[12:04] {Threei}  1:1
[12:06] {Threei}  that's 6 for 8
[12:07] {Threei}  I want a medal
[12:07] {nemo} and I just took slw
[12:07] {nemo} I mean LVS thanks vad
[12:07] {Threei}  umm?
[12:07] {Threei}  what do I have to do with LVS?
[12:08] {nemo} it got typed in your room blog
[12:08] {Threei}  by you?
[12:08] {nemo} yeah well, the king always gets the credit
[12:08] {Threei}  makes sense
[12:08] {Threei}  you are welcome
[12:09] {Threei}  but I long the times when king was getting to right of the first night
[12:09] {Threei}  to = the
[12:10] {samire} Vad....please post the link which show you the difference between 1:1 and 1:2 and so on
[12:10] {Threei}  it's just the risk reward ratio
[12:11] {Threei}  initial stop size 10 cents means at 10 cents perofit you hit 1:1
[12:11] {Threei}  at 20 cents you hit 1:2
[12:11] {Threei}  that's it
[12:11] {Threei}  is this what you mean?
[12:11] {samire} 1:1 is more consevative
[12:11] {nemo} it's simple math as long as you have your shoes and socks off
[12:12] {Threei}  1:1 is either a scalp or first partial
[12:12] {RonS} rotflol
[12:12] {Threei}  if you partial, 1:2 is second part out
[12:12] {Threei}  at 1:3 you decide either full out or start trailing stop
[12:12] {Threei}  if going for milk trade, trail stop'
[12:12] {nemo} then again, you could start going fib ratio
[12:13] {samire} which one is the best ? based on history
[12:13] {Threei}  no best
[12:13] {Threei}  depends on one's personal prefernces, type of market
[12:13] {Threei}  trending markets provide longer moves,
[12:13] {samire} thanx
[12:13] {Threei}  jerky ranging markets call for scalps
[12:14] {samire} how do we know which market is today
[12:14] {Threei}  we don't
[12:14] {samire} ok
[12:14] {Threei}  we watch and adjust on the go
[12:14] {samire} make sense
[12:14] {Threei}  there are those who think they can predict in advance
[12:14] {Threei}  we call them arrogant idiots
[12:15] {dino} lol
[12:15] {Threei}  :)
[12:15] {Threei}  all you can do is go with what happens
[12:15] {Threei}  think of it like this:
[12:16] {Threei}  you enter first trade, it goes to 1:3,
[12:16] {Threei}  second, 1:4,
[12:16] {Threei}  third 1:2
[12:16] {Threei}  you take 4th one, you aim for 1:3
[12:16] {Threei}  why?
[12:16] {Threei}  because that's what was happening so far
[12:16] {Threei}  noticed yesterday my call:
[12:17] {Threei}  let's continue at tis pace until firt stop?
[12:17] {Threei}  what was it based on?
[12:17] {Threei}  on the idea that when something works, do it until it stops
[12:17] {Threei}  don't try to outsmart market,
[12:17] {Threei}  follow it,
[12:17] {Threei}  do what works
[12:17] {Threei}  without guessing what is goling to start working
[12:17] {Threei}  and when what you do will stop working
[12:18] {Threei}  and if you want to become this wise, get a Taoist Trader course
[12:18] {Threei}  and in a few months of laborous reading you will
[12:19] {Threei}  SLW 1:2 meanwhile
[12:38] {_taxx31} hmm
[12:38] {Threei}  what taxx?
[12:43] {davd} will raise quota at opec
06[12:44] * Threei is crying
[12:44] {Threei}  [11:43] {Threei} OPEC planning to recommend an increase in oil output - world press citing sources
[12:45] {Threei}  heavens haven't seen so deeply ignored person
[12:47] {_taxx31} why are you crying
[12:47] {_taxx31} i should be crying
[12:47] {Threei}  well, we could always cry together if it wasn't a bit too gay
[12:47] {_taxx31} my trade is stalling at 1:1...its been a bad day so i take my money
[12:48] {_taxx31} right when my order executes...stock gaps another 1:2
[12:48] {_taxx31} lol
[12:48] {Threei}  which trade?
[12:48] {_taxx31} why does this always happen with me
[12:48] {_taxx31} SLB
[12:48] {_taxx31} i picked it off the LOD bounce
[12:48] {Threei}  ok... dunno that trade so can't comment
[12:48] {dino} kro drop
[12:54] {rizvisy1} .
[12:56] {_taxx31} vad..u still looking for trades or are you done for the day
[12:57] {Threei}  I am done when market closed
[12:57] {Threei}  3 hours to go, a bit early to be done
[12:57] {nemo} Vad resides in the future
[12:57] {Threei} Long Setup:  SLW  .60 break
[13:02] {Threei}  *(US) TREASURY'S $32B 3-YEAR NOTE AUCTION DRAWS 0.765%; BID-TO-COVER RATIO: 3.28 V 3.29 PRIOR AND 3.13 AVG OVER THE LAST 10 AUCTIONS
[13:02] {rizvisy1} anyone in SLW?
[13:02] {_taxx31} nope
[13:02] {samire} me
[13:02] {_taxx31} u bought that small .60 break ?
[13:02] {samire} y
[13:02] {rizvisy1} yes
[13:03] {Threei}  - Indirect bidders take 35.63% of competitive bids; direct bidders take 9.16% of competitive bids, dealers take 55.22%.
[13:03] {Threei}  you want to buy after big break?
[13:03] {_taxx31} haha my point being i looked away it broke and was back below .60 when i looked back
[13:04] {nemo} ahhhh...ballbusting
[13:04] {_taxx31} in
[13:05] {Threei}  1:1
[13:05] {_taxx31} 1:1 thanks vad
[13:06] {Threei}  7 for 9
[13:06] {samire} out all .7
[13:06] {samire} 33.70
[13:06] {samire} thanks Vad
[13:06] {_taxx31} vad that happened to me again
[13:06] {Threei}  welcome guys
[13:06] {_taxx31} it got stuck at .68
[13:06] {_taxx31} for a little there
[13:06] {Threei}  so?
[13:06] {_taxx31} put my sell in at .69 .. for 1:1
[13:06] {samire} u must run for president
[13:07] {_taxx31} it executed on my order then printed 71's
[13:07] {_taxx31} always happens to me
[13:07] {Threei}  so what... couple cents, not a big deal
[13:07] {Threei}  .69 is good approximation for 1:1
[13:07] {Threei}  if you went for a scalp, that was valid exit
[13:08] {Threei}  now, your early exit on X in the morning - that bothered me
[13:08] {Threei}  since you dumped a trade that did nothing to provoke such action
[13:08] {_taxx31} yeah dont know man..ive been on losing trades in past couple days
[13:08] {_taxx31} and i just panicked
[13:15] {_taxx31} vad
[13:15] {_taxx31} slw
[13:15] {_taxx31} .60 break short?
[13:17] {_taxx31} didnt take it but almost 1:1
[13:20] {Threei}  not exactly my kind of setup
[13:28] {dino} acor
[13:39] {davd} acor was a tough one - takeover talk
[13:39] {dino} out kro .12, +.62
[14:01] {larisa} gj
[14:05] {dino} ty
[14:19] {rizvisy1} .
[14:19] {Threei}  good point
[14:30] {samire} thank u again Vad for a great day
[14:31] {samire} are you getting better or you are always good.  ?
[14:31] {Threei}  lol... I have no idea how to answer that
[14:32] {Threei}  you are asking it as if I started doing it a few months ago
[14:32] {dino} he's a machine
[14:33] {Threei}  and drinks WD40
[14:33] {nemo} Yeah....I took Vad under my wing, and once he left the nest...
[14:34] {rizvisy1} .
[14:34] {rizvisy1} lol sam, didn't you saw his picture, he is not that young.....
[14:34] {rizvisy1} Iam right Vad...
[14:40] {rizvisy1} .
[14:42] {davd} acor went nowhere
[14:43] {dino} meli sm l .00
[14:44] {dino} it was a short call
[14:45] {davd} oh, well that different :s
[14:46] {dino} yeah, when i post spikes i am thinking short them, fast falls thinking long.
[14:46] {davd} right, i saw the takeover news and figured it would keep going higher.  either way, i didnt get in...
[14:58] {samire} Vad...do you realy drink WD40 ?
[14:59] {Threei}  and eat bolts
[14:59] {Threei}  that's what we machines do
[15:00] {_taxx31} u were 7 of 9 or somemthing today vad?
[15:00] {_taxx31} yeah
[15:00] {Threei}  yes
[15:01] {dino} gj vad
[15:01] {Threei}  ty
[15:07] {rizvisy1} Vad, looking for some set up for good day last hour...
[15:07] {Threei}  me too
[15:08] {Threei} Short Setup: RIMM  .15 break
[15:08] {Threei}  you don't have to ask specifically
[15:08] {Threei}  it's not like I sit and think "id no one asks, I can just sleep"
[15:08] {nemo} sina might be short tooo
[15:08] {_taxx31} lol
[15:09] {_taxx31} stop ?
[15:09] {Threei}  above .25
[15:10] {nemo} there you  go, thinking again
[15:10] {_taxx31} we traded that first SLW break over .60... 1:1
[15:10] {_taxx31} it broke .60 again... 1:5
[15:10] {_taxx31} lol
[15:10] {_taxx31} 1:4*
[15:11] {nemo} abvt
[15:12] {dino} abvt spike
[15:12] {nemo} ahhh dino...look
[15:12] {_taxx31} wow
[15:12] {_taxx31} im looking
[15:13] {dino} gappy sucker
[15:13] {nemo} yeah...vaseline stock if you screw up
[15:13] {_taxx31} what the hell
[15:13] {_taxx31} happened
[15:14] {dino} sm s .66
[15:14] {_taxx31} so sm .. short... .66? what does that mean
[15:15] {Threei}  ummm... price?
[15:15] {Threei}  AboveNet, Inc Hearing Dealreporter speculating the company has received a bid from PE
[15:16] {dino} taxx, sm=400 at 74.66 short
[15:17] {rizvisy1} Taxx31
[15:18] {_taxx31} u shorted abvt dino ?
[15:19] {dino} cov .00, +.66
[15:19] {dino} yes
[15:20] {dino} mei stop -.33
[15:20] {Threei}  nice ABVT
[15:21] {dino} ty
[15:21] {_taxx31} that was a gutsy short
[15:22] {rizvisy1} EGHT
[15:22] {davd} wow gutsy is right
[15:24] {dino} i was a bit late then early, initially wanted 75.50
[15:35] {Threei}  1:1
[15:35] {Threei}  8 for 10
[15:35] {Threei}  ca I leave early?
[15:35] {Threei}  please?
[15:35] {nemo} sure..don't let the door hit you on the way out
[15:35] {Threei}  thank you
[15:36] {nemo} np
[15:36] {Threei}  thank you all, have a great evening
[15:36] {nemo} don't stay out late
[15:36] {Threei}  see you tomorrow
[15:36] {nemo} when the street lights come on you better have your ass in bed
[15:37] {nemo} oh jeez...channeling my mother
[15:37] {rizvisy1} bye Vad
[15:37] {rizvisy1} sleep tight
[15:37] {dino} gn
[15:38] {dino} meli rinse
[15:42] {rizvisy1} hey Sam
[15:43] {rizvisy1} Smire
[15:43] {rizvisy1} Samire
[15:44] {rizvisy1} shorting RIMM?
[15:47] {dino} jobs bloodied
[15:50] {_taxx31} 38.15 was RIMM trigger
[15:50] {_taxx31} i went to take a shower
[15:51] {_taxx31} what did bernanke say
[15:56] {dino} whatever he said market dropped on it
[15:58] {_taxx31} why oh why did i leave
[15:58] {dino} lod
[15:58] {_taxx31} to take a BLODDY SHOWER
[15:59] {_taxx31} gap down tomorrow ?
[15:59] {dino} dk, anything can happen
[15:59] {davd} s&p at y'days low
[16:00] {dino} today negative makes 5 in row
[16:00] {dino} -4% in 5 trade days
[16:01] {_taxx31} i had short SLB @ $84.05 on my preview screen
[16:01] {_taxx31} 1000 shares
[16:01] {_taxx31} with mouse over the send order confirmation
[16:01] {_taxx31} i was like nah...why take risk...got off and went and took shower
[16:01] {_taxx31} came back
[16:01] {_taxx31} SLB closes $82.89
[16:01] {_taxx31} $1,160
[16:02] {davd} dont shower
[16:02] {dino} calling it a day, thx all
06[16:02] * _taxx31 is sobbing heavily.
[16:02] {rizvisy1} look spike in SLB
[16:02] {rizvisy1} Taxx
[16:02] {_taxx31} hedge funds
[16:02] {dino} why no hard stop if you leave?
[16:02] {_taxx31} liquidating
[16:03] {_taxx31} yeah dino
[16:03] {_taxx31} tru
[16:03] {_taxx31} hopefully it doesnt gap up tomorrow morning
[16:03] {dino} learn from it
[16:03] {dino} gn
[16:03] {_taxx31} gn

Monday, June 6, 2011

Jun 06 2011

Strong morning with 6 wins, a bit shaky midday with mix of small wins and small stops and nice finish with another 1:2 win. Nice start to the week.

Session Time: Mon Jun 06 00:00:00 2011
[08:49] {davd} im in tradethenews vad. trial
[08:50] {davd} fcx barrons bounce
[08:55] {Threei}  morning davd
[08:55] {Threei}  told them you are from rt?
[08:56] {dino} gm all
[08:56] {davd} told them i was from mars, but heard of them through rt
[08:56] {Threei}  dino :)
[08:56] {Threei}  ok... duinno about mars but rt mention should get you a discount if you decide to sign up
[08:57] {Threei}  when you are connected, l,ook at the top bar,
[08:57] {Threei}  you'll see top stories to quickly scan major news,
[08:57] {davd} cool, gracias
[08:57] {Threei}  calendar to see the events and earnings for a week ahead
[08:58] {Threei}  morning report and other reportgs which are excellent,
[08:58] {Threei}  including weeekly update
[08:58] {Threei}  etc
[08:58] {davd} guy called me this morning and gave me a tour - that was good,  i have the speaker on and setup a watch list with ultra green
[08:58] {Threei}  overall, very nice set of services
[08:59] {davd} its great, because i was planning to learn how to read this week, now i can go swimming instead
[08:59] {Threei}  good that you postponed it
[08:59] {Threei}  I decided that with the next rt member learning to read I will have to too finally,
[08:59] {Threei}  now I can pstpone it too
[08:59] {ese} morning
[09:00] {Threei}  ese :)
[09:00] {dino} gm all
[09:00] {davd} so with rt i dont have to read AND dont have to think!  all i have to do is trade what i see
[09:00] {ese} dino david
[09:01] {Threei}  there you go davd... you got it
[09:01] {Threei}  one disappointment though:
[09:01] {Threei}  you still have to breathe on your own
[09:02] {Threei}  we plan to implement the breathing aid in the near future though
[09:02] {Threei}  so stay tuned
[09:02] {Threei}  wow
[09:02] {Threei}  (UK) IMF: Now is not the time for the UK to adjust its macroeconomic stance; believes the BoE should only tighten policy only after economic growth resumes
[09:02] {Threei}  isn'
[09:02] {Threei}  t it amazing
[09:03] {Threei}  they think they are in position to tell soveregn countries how to run their economies
[09:10] {rizvisy1} gm all
[09:10] {Threei}  riz :)
[09:11] {dino}  bvn drop
[09:13] {Threei}  (GR) German govt offical spokesperson: Not certain whether there will be second bailout package for Greece or the terms of such an arrangement
[09:13] {Threei}  - Greek aid does not need to come from EFSF.
[09:13] {Threei}  - Expects full troika report by the mid-week.
[09:13] {Threei}  - Chancellor Merkel supports Schaeuble's idea regarding the involvement of private creditors in Greece bailout.
[09:13] {Threei}  **Note: On Friday's session the EU/IMF/ECB issued a joint Troika statement in which they noted that they saw the next tranche to be available for Greece in early July after talks; They also noted that "significant" progress had been made in Greece
[09:15] {larisa} gm :)
[09:15] {Threei}  larisa :)
[09:15] {Threei}  GR) ECB Bini-Smaghi: Debt restructuring must be used only as last resort
[09:15] {Threei}  - Default would make EMU less attractive as an area
[09:15] {Threei}  - Greece must implement reforms or default is in the cards
[09:15] {Threei}  - Greece is solvent if it is willing to sell some assets
[09:15] {Threei}  - The cost of reform is lower than the cost of restructuring; Must strengthening of adjustment programs
[09:15] {Threei}  - Restructuring would have severe implications
[09:15] {Threei}  - Banks of default State would not have collateral and would need new public money
[09:19] {Threei}  Ron, missed whole lot Greece news
[09:19] {Threei}  Fed's Plosser: Recent US jobs report was disappointing but medium term picture unchanged with gradual recovery in US economy
[09:19] {Threei}  - Somewhat tighter policy is somewhat possible by end of 2011
[09:19] {Threei}  - Hurdle for QE3 would be very high
[09:19] {Threei}  - Exit should start long before job market recovery is firm.
[09:19] {Threei}  - Inflation threat seen over the next year or two
[09:22] {Threei}  now, Greece, Portugal etc are pimples on the elephant's butt, but this sounds much more seriousd:
[09:22] {Threei}  SP) Moody's comments on Spain region of Catalonia: Budget deficit is Credit Negative for Spain
[09:22] {Threei}  - Outcome of Catalonia debate with the national government is not clear.
[09:22] {Threei}  - Spain needs national consensus or compliance measures.
[09:22] {Threei}  - Spain's government unable to enforce regional fiscal compliance.
[09:22] {Threei}  - Spain could cut central govt deficit beyond the target; but such cuts would only be a short-term fix
[09:22] {Threei}  - Spain does not have tools to control regions.
[09:22] {Threei}  NOTE: Last week, FT commented on fiscal discord between the govt and Spanish region of Catalonia, alleging the regional govt has again defied central govt on budget targets, forecasting 2011 deficit of 5.4B - 2.7% of GDP - above 1.3% official limit.
[09:23] {Threei}  all this sounds like ramping up to downgrading Spain, and that will be way more ominous for EU than everything that happened up to date
[09:26] {Threei}  watching RIMM
[09:26] {Threei}  seems to be on death spiral
[09:27] {Threei}  despite strenght in its own backtardm, Canada, it's losing market share in US rather badly
[09:30] {Threei}  prepared alret to short rimm on .60 break
[09:30] {Threei}  fat chance
[09:31] {jfjf64} mornin
[09:31] {Threei}  jf :)
[09:31] {Threei}  let's see if it gives us chance on bounce
[09:33] {Threei} Short Setup: SLW  .40 break
[09:33] {Threei}  if stays under .50
[09:34] {Threei}  target .10, 3 partials
[09:34] {Threei} Short Setup: RIMM  .60 break
[09:34] {Threei}  if stays under .70
[09:35] {Threei}  SLW 1:1
[09:35] {Threei}  (EU) EU's Barnier agrees with ECB"s Constancio on support for Trichet's idea for a singular European Finance Ministry
[09:36] {Threei}  scalpers win
[09:36] {Threei}  wow
[09:36] {Threei}  SPY
[09:36] {Threei}  RIMM's not a scalp for me
[09:36] {Threei}  1:1, half out
[09:36] {Threei}  stop to .65
[09:37] {Threei}  1:2
[09:37] {Threei}  stop to .61
[09:38] {Threei} Short Setup: FCX  .95 break
[09:38] {samire} thanks VAD...I took ZSL long because i can not short
[09:38] {Threei}  if stays under .05
[09:39] {Threei}  as SLW short proxy? that'd work
[09:39] {Threei}  good job
[09:39] {Threei}  RIMM stop to .55
[09:39] {nemo} short .99
[09:40] {Threei}  not a scalp
[09:40] {Threei}  target about .65
[09:40] {Threei}  at least
[09:40] {Threei}  1:1
[09:40] {nemo} 1/2 oiut .84
[09:41] {Threei}  1:2
[09:41] {Threei}  RIMM 1:3
[09:41] {Threei}  1:2, out
[09:41] {jfjf64} nice  sir
[09:41] {Threei}  1:5
[09:41] {Threei}  done
[09:41] {nemo} 1/4 more .70
[09:42] {_taxx31} i just came in and saw 1:5
[09:42] {_taxx31} i missed one eh
[09:42] {_taxx31} lol
[09:42] {Threei}  no, you missed three
[09:42] {_taxx31} already ?
[09:42] {_taxx31} wow what was the 1:5  ? good morning
[09:42] {Threei}  yes sir... sorry to say but you have to wake uo earlier :)
[09:42] {Threei}  RIMM 1:5, FCX is coming into 1:3
[09:43] {Threei}  target hot FCX, out
[09:43] {Threei}  hit
[09:43] {Threei}  and SLW gave scalp
[09:43] {Threei}  FCX reversal time
[09:43] {Threei}  .65 break long
[09:43] {Threei}  stop under .60
[09:43] {Threei}  very tight
[09:43] {Threei}  .80 target
[09:44] {Threei}  1:2
[09:44] {Threei}  target hit
[09:44] {jfjf64} out
[09:44] {Threei}  like fiddle
[09:44] {Threei}  can I go home?
[09:44] {Threei}  4 for 4
[09:44] {jfjf64} nope
[09:45] {_taxx31} i was in short on RIMM at close on friday but had to cover for the weekend
[09:45] {_taxx31} lol
[09:47] {Threei} Short Setup: FCX  .80 break
[09:47] {_taxx31} FCX
[09:47] {Threei}  let's contrinue at this pace till first stop
[09:47] {Threei}  then pause and reevaluate
[09:48] {jfjf64} like
[09:48] {jfjf64} who  needs  coffee
[09:49] {Threei}  1:1
[09:49] {_taxx31} fcx worked again lawl
[09:49] {Threei} Long Setup:  CAT  .40 break
[09:49] {Threei}  half lot
[09:50] {Threei}  if stays above .30
[09:51] {Threei}  no worky
[09:51] {nemo} market too weak for longs
[09:51] {Threei}  ok, exhale
[09:51] {_taxx31} yeah need to keep on the shorts
[09:52] {nemo} spy likely to go to  128.75
[09:52] {jfjf64} sbux
[09:52] {jfjf64} dtop
[09:52] {jfjf64} ?
[09:52] {Threei}  can't tell...
[09:53] {Threei}  probably, .35 break
[09:54] {dino}  meli sm l .10
[09:55] {dino} meli stop -.27
[09:56] {samire} cat stopped  ??
[09:56] {Threei}  [09:51] {Threei} no worky
[09:56] {samire} i did not take
[09:56] {Threei}  [09:50] {Threei} if stays above .30
[09:57] {jfjf64} 1/1
[09:57] {Threei}  SBUX 1:1
[09:57] {jfjf64} half
[09:57] {Threei}  (US) Treasury Sec Geithner: Calls for global standards on margins for uncleared derivatives
[09:57] {Threei}  - Sees need for standards globally on tighter financial regulations
[09:58] {dino} bap, bvn, peru election messing them up
[09:58] {jfjf64} little  mkt   help
[09:58] {RonS} scco also dino
[09:58] {Threei}  translation: our ideology tells us to tighten the screw on financials, but we are scared to chase them away to other jurisdictions, so let's agree and do it everywhere
[09:58] {dino} thx
[09:58] {Threei}  yeah dino, Peru killes them
[09:59] {dino} chaves student
[09:59] {dino} z
[09:59] {Threei}  yup
[10:00] {dino} meli rinsed, .83 was my print too, sob
[10:01] {jfjf64} out  sbux
[10:03] {Natali} gm:)
[10:03] {Threei}  natali :)
[10:03] {Threei} Short Setup: CAT  .10 break
[10:03] {Threei}  half lot again
[10:04] {Threei}  stop above .25
[10:04] {nemo} half lot then
[10:04] {dino} hog, buyout rumors
[10:04] {Threei}  1:1
[10:05] {samire} what is the first target on Cat ?
[10:05] {Threei}  [10:04] {Threei} 1:1
[10:05] {Threei}  you are sleeping yeat samire?
[10:06] {Threei}  this is extremely fast stock, can't play it so slow
[10:06] {ese} is it my imagination or is there really nothing goin on here
[10:06] {samire} at what price we cover
[10:06] {_taxx31} 1:1
[10:06] {RonS} r/r...   .25 - .10 = .15
[10:06] {Threei}  with .10 trigger and .25 stop, 1:1 is .95
[10:06] {Threei}  which is right here again, and more
[10:06] {_taxx31} theres more than 1:1
[10:07] {_taxx31} 1:2
[10:07] {Threei}  ese... take us off ignore, will ya??
[10:07] {_taxx31} out
[10:07] {Threei}  7 trades, 6 wins
[10:07] {ese} lol
[10:07] {Threei}  in 37 min
[10:07] {Threei}  if you qualify i as nothing going on, tell me please what would be "action" for ya
[10:07] {Threei}  1 trade per minute? :)
[10:07] {ese} sorry chief...have been looking else where with no success
[10:08] {jfjf64} lol
[10:08] {Threei}  why would you elesewhere if I serve them one after another?
06[10:09] * Threei feels abandoned... forgotten... unneeded... forsaken...
[10:09] {ese} i can see i am not going to live this one down easily
[10:09] {_taxx31} vad..thats because most of those trades were within 10 mins and everyone was still sleeping lol
[10:09] {jfjf64} nope
[10:09] {Threei}  no sir
[10:09] {jfjf64} ese  in  dog  house
[10:09] {Threei}  well, then take one of my trades, and but a new alarm clock with profit {G}
[10:10] {Threei}  but = buy
[10:10] {jfjf64} look  sbux
[10:11] {jfjf64} grr
[10:11] {nemo} look mcp
[10:11] {jfjf64} mcp
[10:11] {jfjf64} you  had  call
[10:12] {jfjf64} look  tza
[10:12] {jfjf64} dtop
[10:13] {jfjf64} .65
[10:13] {jfjf64} break
[10:14] {jfjf64} hold .80
[10:18] {_taxx31} SLB breaking LOD
[10:20] {Threei}  SPY new low
[10:21] {nemo} going to 128.75
[10:21] {ese} stalking OXGN
[10:21] {Threei}  anyone is still in CAT?
[10:22] {_taxx31} no
[10:23] {Threei}  good, just wanted to alert it was time to exit
[10:26] {_taxx31} SPY bouncing
[10:30] {dino}  gpro
[10:30] {nemo} should get the short rule any minute now
[10:31] {RonS} $GPRO Only interested bidder remaining appears to be $NVS finanical press
[10:33] {dino} sm l .50 gpro
[10:34] {RonS} Gen-Probe calls active on sharp sell off        06/06 08:33 AM
[10:34] {RonS} nix that...i don't see it
[10:36] {dino} out gpro ..40 -.10
[10:37] {dino} meli
[10:37] {dino} gpro, narvartis bid $4b
[10:38] {Threei} Short Setup: RIMM  .20 break
[10:38] {Threei}  if stays under .30
[10:39] {_taxx31} i was just watching and drawing my lines vad
[10:39] {_taxx31} lol
[10:43] {_taxx31} Vad - RIMM 7ma on 2 min chart...its riding that up
[10:44] {Threei}  so, why not buy .30 break?
[10:44] {Threei}  most setups can be used both ways, fade the call on invalidation
[10:45] {_taxx31} you will get a short on RIMM here i believe
[10:45] {_taxx31} MACD topped out, SSO/SO topped
[10:45] {nemo} yeah .39
[10:46] {Threei}  .40 break was it then
[10:46] {nemo} support here though
[10:46] {Threei}  wouldn't chase here
[10:46] {_taxx31} .25 break me thinks
[10:46] {_taxx31} gotta break that 7ma
[10:57] {samire} test
[10:57] {RonS} dino, meli to $0...acting like peru is it's biggest market
[10:58] {RonS} ??
[10:58] {dino}  yeah watching it, isn't it argentina
[10:59] {RonS} based there but i think they operate in whole of SA
[11:00] {RonS} As of December 31, 2009, the company operated online commerce platforms directed towards Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Mexico, Panama, Peru, Uruguay, and Venezuela; and online payments solutions directed towards Argentina, Brazil, Mexico, Venezuela, Chile, and Colombia.
[11:04] {Threei}  SQNM new 52 week highs
[11:05] {nemo} what a recovery RIMM has made
[11:05] {Threei}  on daily, not much meaning
[11:05] {nemo} yes, but looking for short entry
[11:05] {ese} L oxgn .81
[11:06] {Threei}  if it breaks 40, retests it from above and holds I may change my view on it
[11:07] {dino} panl sm l .01
[11:09] {Threei}  RIMM nears shorting point
[11:09] {Threei}  watching for setup
[11:10] {Threei} Short Setup: RIMM  39 break
[11:10] {Threei}  if stays under .10 of course
[11:10] {Threei}  nope
[11:11] {davd} spy breaks above vwap
[11:13] {jfjf64} .20
[11:13] {ese} the board shou ld do that more dramatically........
[11:13] {Threei}  do what?
[11:14] {ese} DAVE...........pause ...IS.................pause.........BACK
[11:15] {ese} with emphasis on each word .....don't you think........
[11:15] {Threei}  I
[11:15] {Threei}  pause
[11:15] {Threei}  agree
[11:15] {jfjf64} ese   those  drums
[11:15] {jfjf64} lol
[11:15] {ese} lol
[11:15] {jfjf64} rimm
[11:15] {davd} i was always here - the computer does not own me yet :/
[11:15] {Threei}  my alerts from now on will be like this
[11:15] {jfjf64} 3i
[11:15] {RonS} caught panl .00 to .74...thanks dino
[11:15] {Threei} Short Setup: PAUSE
[11:16] {Threei}  TEST
[11:16] {Threei}  pause
[11:16] {Threei}  oops... pause... late...
[11:16] {davd} when you short a pause do you do it slowly?
[11:16] {Threei}  and with pronounced sadness
[11:16] {ese} rotflol..........egggzactilly
[11:16] {jfjf64} you  guys  have gone  bats
[11:17] {Threei}  as old and not very family-room intended russian joke goes, that's how sex with widow during husband's funeral must be done
[11:17] {Threei}  alowly and with pronounced sadness
[11:18] {ese} oxgn......out .70 -.10
[11:18] {Threei}  RIMM reversed without setup
[11:18] {ese} grrrrrrrrrrrrr     pause wtf
[11:18] {Threei}  lol
[11:19] {dino}  gj ron
[11:19] {jfjf64} utx .60  break  s
[11:20] {jfjf64} hold.65
[11:22] {dino} meli sm l .98, wide
[11:32] {jfjf64} rimm
[11:32] {jfjf64} here
[11:32] {jfjf64} ?
[11:33] {Threei}  no clear setup yet
[11:34] {dino}  out meli .35, +1.37
[11:34] {jfjf64} niceeeeeeeeeeee
[11:34] {Threei}  wtg
[11:34] {Threei} Short Setup: RIMM  .40 break
[11:34] {dino} ty
[11:34] {Threei}  if stasys under .50
[11:35] {Threei}  .50 break can be long as well
[11:35] {Threei}  uhhu... late
[11:35] {Threei}  those dramatic pauses get in the way
[11:39] {jfjf64} sbux.45  break
[11:40] {dino} panl stuck
[11:41] {dino} out panl .75, +.74
[11:41] {rizvisy1} RIMM still valid?
[11:42] {Threei}  [11:34] {Threei} if stays under .50
[11:42] {Threei}  it went above that before triggering, thus play was invalidated
[11:43] {rizvisy1} huh, it just spiked and came down
[11:43] {Threei}  it broke the resistance
[11:43] {Threei}  thus it's invalidated the break of support as a trigger for short setup
[11:43] {rizvisy1} yup
[11:44] {Threei}  because short setup is valid under two conditions
[11:44] {Threei}  first, support can't hold
[11:44] {Threei}  second, resistance can
[11:44] {Threei}  if it just touched a cent or two above .50 and came down, yes, it could still be valid
[11:44] {Threei}  but it qwent to .66
[11:45] {rizvisy1} I saw that..
[11:54] {ese} am outta here all....wish me luck....am applying  for $50,000 from telus canada to day to put in a recording studio at my high school.
[11:55] {Threei}  good luck ese
[11:55] {ese} tks vad
[11:56] {dino}   gl ese
[12:20] {samire} test
[12:20] {Threei}  passed
[12:21] {samire} where is every one
[12:21] {Threei}  right here... why?
[12:21] {samire} no body is writing
[12:21] {nemo} ignoring you
[12:21] {Threei}  see market standing still?
[12:21] {Threei}  no movement
[12:21] {Threei}  nothing happens
[12:21] {samire} i see
[12:21] {Threei}  what to write about?
[12:21] {samire} ok
[12:21] {samire} how good Vad is
[12:22] {Threei}  very
[12:22] {Threei}  there... I wrote about it {G}
[12:22] {samire} it is hard for me to see you having a loosing week
[12:22] {samire} i am new still
[12:22] {Threei}  it's rare occasion
[12:23] {Threei}  not that it doesn't happen... but not often
[12:23] {samire} can retire and do stocks
[12:23] {samire} can i
[12:23] {nemo} yeah, longest I remember is 3 days
[12:23] {samire} i am working now
[12:23] {samire} why nemo
[12:23] {Threei}  I can'rt answer such question
[12:23] {nemo} why what?
[12:23] {samire}  i am asking nemo
[12:24] {nemo} me what
[12:24] {samire} can i retire and just trade
[12:24] {samire} i have about 400K to trade
[12:24] {samire} 401k and cash
[12:24] {nemo} I'm with Vad on this one
[12:24] {jfjf64} oh boy
[12:25] {nemo} this is a street you have to walk alone
[12:25] {jfjf64} i have  question too
[12:25] {samire} mostly retirement money
[12:25] {nemo} how long you been trading?
[12:25] {samire} go ahead jf
[12:25] {Threei}  you can'tr expewct anyone to answer such questions for you
[12:25] {jfjf64} red  or  white
[12:25] {samire} 5 years part timw
[12:25] {samire} time
[12:25] {Threei}  it's for you to decide, but one thing I can tell for sure
[12:25] {samire} loosing of course but moderately
[12:26] {samire} what Vad
[12:26] {Threei}  don't do it until you trade at least a year or two with consistent profits
[12:26] {samire} that is fair
[12:26] {samire} i work from home
[12:26] {samire} design engineer\
[12:26] {samire} my hours are flexible
[12:26] {Threei}  good combination
[12:27] {Threei}  allows you to participate in markets without sacrificing aything
[12:27] {nemo} yeah, you're in a good situation...why ...it up
[12:27] {samire} even when i was loosing....i was going small
[12:27] {nemo} that's the way to learn, but no way to make a living
[12:28] {samire} any opinion on AKAM swing
[12:28] {samire} huge insider buy
[12:28] {samire} on May 19, 2011
[12:28] {RonS} sorry, but third time...pet peeve here...lose is not loose
[12:28] {samire} and now it is lower
[12:28] {samire} AKAM swing  ? Long ?
[12:29] {samire} any feedback
[12:29] {dino} lol
[12:29] {nemo} yeah...I hate akam
[12:29] {dino} panl wakey
[12:30] {samire} any opinion on CTRP...day trade long ?
[12:31] {samire} dino.....what do u think of CTRP ?
[12:31] {samire} day trade
[12:32] {samire} for a bounce
[12:32] {dino} still oing down looks like
[12:32] {samire} please keep an eye on it
[12:33] {samire} advice good entery
[12:33] {RonS} lol, dino gets a new job...
[12:33] {jfjf64} .25  slw
[12:33] {jfjf64} break
[12:34] {jfjf64} or  bounce
[12:34] {Threei}  I'd look for short into bounce jf
[12:34] {Threei}  wouldn't play long, wouldn't short .25
[12:34] {Threei}  but around .35 would get interested in short
[12:36] {dino} needs a spike down sami, capit type
[12:36] {dino} imo of course
[12:39] {samire} any opinion of akam  above 32.14 long
[12:39] {samire}  reaking the high of previous 5 min candle
[12:39] {samire} breaking
[12:40] {Threei}  not really
[12:40] {samire} why VAD
[12:40] {dino} not really, i'd look at .25 as resistance, break of that higher high
[12:40] {Threei}  looks weak
[12:40] {Threei}  bounce on lower volume
[12:40] {samire} ok
[12:43] {samire} i am a member of 3 rooms now
[12:43] {samire} gentlyeditedout.net
[12:43] {samire} http://www.gentlyeditedouttoo.com
[12:44] {samire} but Vad is the best so far
[12:44] {samire} by ways
[12:44] {Threei}  thanks but... have you told THEM that?? :)
[12:47] {samire} i watch all 3 at the same time
[12:47] {samire} always looking for more rooms
[12:47] {samire} CTRP was a good short
[12:48] {samire} like VAD said
[13:02] {davd} like when i play internet chess.  i play two at a time and just use the other guys moves
[13:03] {Threei}  lol
[13:04] {Threei}  guaranteed to win one, eh
[13:04] {Threei}  or have two drwas
[13:04] {Threei}  draws
[13:07] {davd} just joking
[13:07] {davd} re chess
[13:08] {Threei} Short Setup: RIMM  .60 break
[13:09] {Threei}  stop .66 for scalpers, .71 for day traders
[13:11] {dino}  veco sm l .50
[13:13] {samire} dino...took veco with u....what is your stop ?
[13:13] {Threei}  no worky
[13:13] {RonS} short hog 3i?...00 break?
[13:13] {Threei}  I think so
[13:16] {rizvisy1} RIMM days hi
[13:31] {dino} .19 sami
[13:33] {RonS} ...typical boss...gives assignment then ignores you once completed...
[13:34] {RonS} :D
[13:36] {samire} thanks dino
[13:37] {dino} np
[13:37] {dino} back in 30 or so
[13:39] {Threei}  Ron, that's nothing
[13:40] {Threei}  people living under Stalin were more used to boss who gives assignment then shoots you once completed {g}
[13:43] {Threei}  SLW dive
[13:43] {nemo} gdx too
[13:45] {Threei}  I see no news
[14:01] {Threei} Long Setup:  CAT  100 break
[14:01] {Threei}  half lot
[14:02] {Threei}  staop under .85
[14:03] {Threei}  target .40 - .50
[14:05] {nemo} slw
[14:06] {samire} we are in CAT ?
[14:07] {samire} stopped
[14:07] {Threei}  why don't I stay in coma after the morning rush is over, anyone know?
[14:08] {nemo} pride?
[14:08] {nemo} arrogance?
[14:08] {nemo} greed?
[14:08] {nemo} envy?
[14:08] {Threei}  I pick greed
[14:08] {nemo} sloth?
[14:08] {rizvisy1} you want to help..
[14:09] {nemo} Vad is the ultimate humanitarian
[14:09] {nemo} forgot gluttony?
[14:09] {nemo} slw?
[14:10] {nemo} mmmhhhhh....seems we're getting summer whipsaws
[14:20] {dino} .
[14:22] {RonS} c sick
[14:22] {Threei}  CAT works now
[14:23] {_taxx31} CAT at $100 is a solid buy ... if ur a long
[14:24] {Threei} Long Setup:  SLW  .30 break
[14:24] {Threei}  if holding .20
[14:28] {samire} invalid ?
[14:28] {samire} .19
[14:28] {Threei}  yes
[14:28] {samire} ok
[14:30] {_taxx31} shouldve called a short break of .20
[14:30] {_taxx31} works both ways
[14:30] {Threei}  that's your choice
[14:30] {Threei}  I would be a bit overwhelmed by typing out two alerts on each trade
[14:30] {Threei}  I do it only if I feel very strongly about that
[14:30] {_taxx31} no no
[14:31] {Threei}  each trade can be taken either way, depending on which side triggers,
[14:31] {Threei}  and depending on whether markte direction supports it
[14:31] {Threei}  my alert outlines the bounds of the range
[14:31] {Threei}  and the direction that I consider more likely
[14:32] {Threei}  choice bwteen direction, and choice between agreesiveness of entry is yours
[14:32] {Threei}  on differet types on entry:
[14:32] {Threei}  http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html
[14:33] {Threei}  on setup structure:
[14:33] {Threei}  http://blog.realitytrader.com/2007/06/method-to-madness-iii.html
[14:38] {_taxx31} :)
[14:38] {_taxx31} SLW breaking to new lows
[14:38] {_taxx31} that was a 1:3 short so far
[14:41] {Threei}  so, if you see a market that is trying to determine direction,
[14:41] {Threei}  maybe bounces, meybe contiunes down
[14:41] {Threei}  and .20 - .30 setup outlined in alert looks two-sided to you,
[14:41] {Threei}  .20 break triggers first - you have your play structured and ready,
[14:42] {Threei}  .20 break short, stop above .30
[14:42] {Threei}  same thing happend a bit earlier with RIMM
[14:42] {Threei}  we had .20 break short alert, instead it elected to break .30
[14:42] {Threei}  and worked for 15 cents
[14:42] {Threei}  that's why that educational blog exists, along with all the courses
[14:43] {Threei}  less typing for me, more profit opportintes for you
[14:43] {jfjf64} grr
[14:43] {jfjf64} look  slw
[14:43] {jfjf64} step  out
[14:48] {jfjf64} rimm here
[14:48] {jfjf64} ? short
[14:49] {Threei}  probably
[14:49] {Threei}  market feels like losing support and cascading
[14:49] {jfjf64} not  convincing  me
[14:49] {Threei}  or, as larisa hates me saying, mini-crash is coming
[14:49] {jfjf64} .10 break
[14:49] {jfjf64} in
[14:51] {rizvisy1} _taxx31
[14:51] {_taxx31} SLW 1:4 short
[14:51] {_taxx31} we missed it vad
[14:51] {rizvisy1} lol
[14:51] {Threei}  qwho we, pardon me asking
[14:51] {Threei}  I gave alert
[14:52] {_taxx31} did u short it ?
[14:52] {Threei}  [14:51] {Threei} I gave alert
[14:52] {Threei}  this is what I do in the room
[14:52] {jfjf64} die eeeeeee
[14:52] {Threei}  this is my role and this is what I am here for
[14:53] {Threei}  whether I took a trade or slipped on banana skin while rushing toward computer to click the button is irrelevant
[14:53] {nemo} it's his raison d'etre
[14:53] {Threei}  well, I wouldn't go this far :)
[14:53] {jfjf64} dieeeeeeeeeeeee
[14:54] {jfjf64} .02
[14:54] {Threei}  RIMM 1:1
[14:54] {jfjf64} eat em up
[14:54] {Threei}  wtg jf
[14:54] {Threei}  min-crash in progress
[14:54] {jfjf64} half  here
[14:54] {dino} 12086 gap
[14:54] {jfjf64} stop b/e
[14:55] {dino} 1279 s/p, 2221 ndx
[14:56] {_taxx31} when was the RIMM entry
[14:56] {Threei}  [14:49] {jfjf64} .10 break
[14:56] {Threei}  hos find
[14:56] {Threei}  his
[14:56] {samire} VECO finally stopped me
[14:56] {samire} took 1 hour
[14:56] {jfjf64} look  spy
[14:56] {samire} y
[14:57] {jfjf64} one  more  leg  down
[14:58] {dino} me too
[14:59] {jfjf64} what ya  in  dino
[14:59] {_taxx31} lots of BS going on here with RIMM
[14:59] {_taxx31} hedgefunds playing games]
[14:59] {dino} nothing
[15:01] {jfjf64} done
[15:03] {dino} wow bap
[15:04] {RonS} peru market closed this a.m.
[15:05] {dino} lots of fear down there
[15:05] {jfjf64} boy  aapl
[15:06] {jfjf64} fear
[15:06] {jfjf64} wowoowow
[15:06] {Threei}  interesting moment
[15:06] {Threei}  double bottom, or new lows
[15:06] {jfjf64} y
[15:06] {jfjf64} es
[15:06] {Threei}  watch SPY and RIMM
[15:06] {Threei}  if SPY bounces here, RIMM 39 break is long trigger
[15:07] {Threei}  SLW is bounce candidate too
[15:08] {jfjf64} .70  slw
[15:10] {Threei}  no, new lows everywhere
[15:10] {Threei}  as easy as morning was, pulling teeth now
[15:11] {dino} 12086 filled
[15:11] {dino} 11859 below
[15:12] {_taxx31} SLW 1:7 short
[15:12] {_taxx31} im crying now
06[15:12] * Threei passes taxx a tissue
[15:12] {rizvisy1} sand paper 3i
[15:12] {Threei}  lol
[15:12] {Threei}  riz, you found right room
[15:12] {Threei}  that's how we operate
[15:13] {_taxx31} 1:8 waaaaaaaah :'(
[15:13] {rizvisy1} I know I am at right place..
06[15:13] * _taxx31 is going to jump off a bridge
06[15:13] * Threei is right there, ready to push taxx if he changes his mind
[15:13] {rizvisy1} lolll
[15:14] {_taxx31} ahhahahaha
[15:15] {rizvisy1} hi _Taxx31 was water cold?
[15:16] {_taxx31} too cold brrrrrrrr
[15:16] {Threei}  another chance for double bottom
[15:17] {Threei} Long Setup:  SLW  .45 break
[15:17] {Threei}  if stasy above .35
[15:18] {Threei}  still valid
[15:19] {Threei}  target about .70, three partials
[15:20] {dino} ivac drop
[15:20] {Threei}  (GR) Greece PM: Willing to consider referendum on certain austerity measures-
[15:20] {Threei}  NOTE Sunday: At least 80K protesters gather at central Athens square on Sunday following announcement of further austerity and cuts to govt jobs as part of the new aid agreement; Greece Cabinet to meet on Monday to discuss medium-term economic goals before PM Papandreou presents the plan to his PASOK political council on Tuesday.
[15:24] {Threei}  - Negotiations on terms of new bailout still not finished; Next few days/weeks are critical.
[15:24] {Threei}  1:1
[15:24] {Threei}  game is on, SLW
[15:24] {Threei}  half out
[15:24] {Threei}  stop to .39
[15:25] {Threei}  after .60 break trail stop to .44 and offer 1/4 more at 1:2
06[15:31] * Threei kicks SLW in the rear
[15:33] {Threei}  1:2
[15:33] {Threei}  1/4 more out
[15:33] {Threei}  stop to .49
[15:34] {Threei}  .75 for the last part
[15:34] {_taxx31} nice play vad
[15:34] {Threei}  ty, I have my moments
[15:34] {RonS} took slw .45 to .68  thanks 3i
[15:34] {Threei}  :)
[15:35] {samire} thanks Vad
[15:37] {Threei}  welcme
[15:37] {Threei}  I seem ti misspell all the polite words worse than, umm, my normal ones
[15:40] {Threei}  stop to .54
[15:43] {jfjf64} giddyup
[15:45] {Threei}  out
[15:45] {jfjf64} ty
[15:45] {Threei}  sure thing
[15:45] {Threei}  ok guys, no more trades today
[15:46] {jfjf64} good  night  all
[15:46] {jfjf64} nice  GREEN DAY
[15:46] {Threei}  thank you all
[15:46] {Threei}  have a great evening, see you all tomorrow
[15:49] {dino}   thx all, gn
[15:50] {larisa}  bye :)