Aug 17 2011

Very boring and just slightly positive day. I will forgive you if you don't read anything but the mildly funny exchange from 15:41 to 15:50.

Session Time: Wed Aug 17 00:00:00 2011
[08:55] {Threei}  poor DELL
[09:12] {RonS} gm everyone
[09:12] {Threei}  Ron :)
[09:17] {dino} gm all
[09:17] {Threei}  dino :)
[09:18] {larisa} gm :)
[09:18] {dino} dealing w/major setback, force majeure in force on my gas leases, ugh!
[09:18] {Threei}  larisa :)
[09:19] {Threei}  ouch dino
[09:19] {dino} seriously
[09:19] {nemo} what specifically?
[09:21] {dino} until drbc figures out acceptable rules for horizontal drilling, no more lease payments
[09:22] {nemo} oh great, waiting on a political commission...
[09:24] {Threei}  gap looks meek
[09:25] {nemo} everything feels meek
[09:27] {Threei}  then we need to find the meekest to short
[09:27] {dino} yeah, not insiring
[09:27] {Threei}  the meekest out there, stand up and be counted
[09:28] {dino} inspiring
[09:31] {nemo} anf, dino stock
[09:32] {Threei}  TZA
[09:32] {Threei}  watching for bounce
[09:33] {dino} odd, lots of beats for q2
[09:34] {nemo} low bar
[09:34] {Threei} Long Setup:  TZA  .70 break
[09:34] {Threei}  .60 now
[09:34] {Threei}  missed
[09:35] {nemo} yeah, stop too big now
[09:35] {Threei}  valida again
[09:35] {Threei}  in this time
[09:35] {Threei}  stop .45
[09:36] {nemo} indexes going for the stops today
[09:36] {Threei}  no go
[09:37] {Threei}  should be ready soon
[09:37] {nemo} .38 pivot support
[09:37] {dino} de sm l .50
[09:38] {dino} out .10, +.60
[09:38] {Threei}  nice
[09:38] {dino} ty
[09:40] {Threei}  one more dive to or just under .40, and should be good setup
[09:45] {dino} tzoo sm l ave .72
[09:46] {Threei}  sheesh
[09:47] {nemo} we're likely going to 121.60-.80 area to take out shorts
[09:47] {dino} out tzoo .02, +.30
[09:47] {dino} back in 30
[09:47] {Threei} Long Setup:  TZA  .40 break if stays above .25
[09:48] {Threei}  invalidated
[09:48] {nemo} should rally pretty hard now
[09:50] {Threei} Long Setup:  TZA  .30 break if stays above .15
[09:51] {Threei}  no worky
[09:51] {nemo} gonna' shove the bear flags up the bear's ass
[09:52] {nemo} ANF 67.00
[09:52] {nemo} oops gone
[09:52] {nemo} back
[09:55] {Threei} Short Setup: SLW  .40 break
[09:56] {nemo} gdx strong
[10:08] {Threei}  vague movements today, no clear patterns
[10:11] {Threei} Short Setup: SLW  .50 break
[10:11] {Threei}  if stays under .60
[10:12] {Threei}  .65 is possible as a stop as well, personal preference
[10:12] {Threei}  target .30 at least, possibly lower
[10:12] {nemo} .27 is vwap breakout .23
[10:13] {nemo} .44 r1 support
[10:14] {Threei}  should crash through it easily
[10:17] {nemo} mmhhh, sagging through it?
[10:17] {Threei}  good
[10:17] {Threei}  slow chipping at support is a sign of trend intact
[10:17] {nemo} market strong though
[10:18] {Threei}  yet SLW doesn't bounce
[10:18] {Threei}  its relation with market became unclear lately
[10:19] {nemo} yeah, gdx seems to better relationship
[10:19] {dino} .
[10:19] {Threei}  good point dino
[10:20] {Threei}  ok, covering half here
[10:20] {Threei}  .36
[10:20] {Threei}  stop to .51
[10:20] {Threei}  bidding 1/4 more .25
[10:23] {Threei}  come on SLW, a few more ticks
[10:23] {Threei}  you feel weak and heavy
[10:24] {Threei}  your eyelids are closing
[10:24] {nemo} it bounced off of vwap and coming into breakout level
[10:24] {Threei}  yes but volume is miserable on the bounce
[10:25] {Threei}  should get rejected by resistance and drop back
[10:25] {nemo} seems o be miserable among all bounces
[10:28] {dino} sm l taom .00
[10:29] {nemo} next breakout coming
[10:36] {nemo} what was the oil report?
[10:40] {nemo} 4 million barrel build
[10:45] {dino}  tleo sm s .52
[10:49] {Threei}  TUDO is open
[10:49] {Threei}  new IPO
[10:50] {Threei}  YOKU competitor?
[10:53] {dino} tleo bstop to flat
[10:53] {Threei}  SLW...
[11:00] {Threei}  grrr
[11:00] {dino} cov tleo .18, +.34
[11:16] {Threei}  even news have nothing interesting in them
[11:34] {dino} taom stop -.33
[11:40] {dino} sm l ppo ave .96
[11:43] {Threei}  index by index go red
[11:43] {Threei}  NDX first, COMP now
[11:43] {Threei}  SPY/DJI are close
[11:44] {dino} ppo stop -.31
[11:49] {dino} tzoo sm l .74
[11:50] {dino} anf sm l .78
[11:51] {RonS} chs sm l .98
[11:51] {dino} out tzoo .24, +.50
[11:57] {Threei}  VZ) Venezuela President Chavez: Plans to nationalize the gold industry in Venezuela
[11:57] {Threei}  uh oh
[11:58] {Threei}  who of miners is heavily in there?
[11:58] {RonS} out chs -.10
[11:58] {nemo} spy pivot .53 along with monthly support and yesterday's close all within .10 expect a bounce
[12:04] {nemo} you look at the daily on anf dino
[12:04] {dino} y
[12:05] {dino} thought the .85 break was trig
[12:05] {dino} was not quick enough on exit
[12:13] {RonS} fugly
[12:14] {dino} idcc spike
[12:14] {RonS} wow
[12:15] {dino} ppo sm l ave .02
[12:15] {Threei}  IDCC Multiple companies are still considering bids for InterDigital - financial pres
[12:15] {dino} tzoo sm l .50
[12:15] {dino} been going on for a month
[12:25] {dino} out ppo .48, +.46
[12:30] {dino} got lucky, out anf .13, +.35
[12:32] {RonS} took ppo .17 to .55 thanks dino sm
[12:32] {dino} gj
[12:32] {dino} out tzoo .00, +.50
[12:37] {Threei}  nice work guys
[12:38] {dino} snf sm l .40
[12:39] {dino} anf
[12:44] {Threei}  look at the volume distrbution today
[12:44] {Threei}  very even, whether market moves up or down
[12:45] {Threei}  no changes... jellyfish-like pace and absence of pattern in volume makes setups hard to find for me
[12:48] {dino} gpor sm l ave .01
[12:52] {dino} anf stop, -.35
[12:54] {RonS} lol...Abercrombie & Fitch has offered compensation to Michael “The Situation” Sorrentino, a character on MTV’s TV show “The Jersey Shore,” to stop wearing A&F products.
[12:55] {RonS} It wasn’t clear whether the offer was a serious one, or simply a tongue-in-cheek attempt to gain publicity.
[12:55] {Threei}  lol
[12:55] {Threei}  it gives me a whole lot of ideas
[12:56] {RonS} After all, A&F is the retailer whose catalogues of shirtless (and sometimes bottomless) male models used to generate squeals of complaint.
[12:56] {Threei}  how much do you think Manolo Blanik would pay me not to wear their shoes?
[12:58] {RonS} lol...in other news...Snooki launches her own line of flip-flops
[12:59] {dino} i wonder if nike would pay me?
[13:00] {dino} snookie's a pig
[13:00] {RonS} never seen her...don't watch that crap
[13:01] {dino} don't watch it either, but pictures of her everywhere
[13:02] {RonS} maybe she needs to change her name to snookdog...
[13:02] {dino} or piggie
[13:02] {RonS} hold on there...miss piggie is a fave of moi...
[13:04] {dino} lol
[13:14] {dino} sina sm l ave .02
[13:19] {dino} out sina .33, +.31
[13:36] {Threei} Short Setup: FCX  .50 break
[13:36] {nemo} i see it long
[13:38] {nemo} well, that's a nice stopthen
[13:40] {nemo} .60 making a nice break for a two way
[13:40] {nemo} or the stop
[13:42] {dino} sm l ppo .01
[13:42] {dino} stop lod
[13:43] {Threei}  1:1
[13:59] {Threei}  ba back in 20
[14:16] {dino}  out ppo ave ave .79, +.78
[14:16] {RonS} gj
[14:16] {dino} ty
[14:16] {Threei}  wtg
[14:17] {dino} ty
[14:28] {Threei}  hmmm
[14:28] {Threei}  (US) Fed's Fisher: Fed will always do what is feels is right, is indifferent to political criticism - Q&A
[14:28] {Threei}  okay... if you say so
[14:30] {dino} lol
[14:41] {Threei}  - Not as pessimistic on growth as other members of the Fed; sees GDP for Q3 nearing 3%
[14:41] {Threei}  - Sees significant costs to QE3 with little benefit.
[14:41] {Threei}  **NOTE: Earlier today, another FOMC dissenter Plosser also hinted that the most recent Fed statement 'excessively negative'.
[14:56] {dino}   de sm l .52
[15:09] {Threei}  one of the most boring days this summer
[15:09] {Threei}  let's get to after labor day already
[15:11] {dino} slow but profittable
[15:11] {Threei}  slightly negative here
[15:11] {dino} 1k
[15:13] {nemo} should get to vwap aronund 120.00
[15:14] {nemo} depending how fast it drops
[15:14] {nemo} vwap that is
[15:16] {dino} out de .82, +.30
[15:22] {dino} too soon
[15:34] {Threei} Short Setup: FCX  .50 break
[15:34] {Threei}  deja vu
[15:35] {nemo} fast drop
[15:37] {nemo} chop up time
[15:41] {Threei}  out .42
[15:41] {Threei}  couldn't resist getting back in black, albeit small
[15:41] {nemo} I understand
[15:41] {dino}   gj
[15:41] {Threei}  1:1
[15:42] {nemo} Of course we know what that means....
[15:42] {Threei}  ?
[15:42] {nemo} You like AC/DC...
[15:43] {dino} yes, but why?
[15:43] {nemo} Oh yahoo, just got my notice my license waiver application was denied
[15:43] {dino} oh back in black
[15:43] {nemo} no flys on u dino
[15:43] {nemo} flies
[15:44] {Threei}  I don't even know what AC/DC is...
[15:44] {nemo} australian band
[15:44] {nemo} Very hard rock
[15:45] {nemo} original lead singer passed out drunk in a car in London in the winter...didn't wake up
[15:45] {Threei}  so that was one of their songs title?
[15:46] {nemo} Back in Black was the title of the comeback album after they replaced the lead singer
[15:46] {Threei}  got it
[15:46] {nemo} and the title of a song also
[15:46] {Threei}  see, with some effort you can overcome even my unawareness of all things social :)
[15:47] {nemo} not my kind of music, but they were pretty popular
[15:47] {dino}  they had alot of hits
[15:47] {Threei}  a few more years and I may be able to maintain small talk about weather for 2 or with some luck even 3 moniute
[15:47] {Threei}  minutes
[15:49] {Threei}  process could have been faster if larisa hadn't lost patience and given up on me after I ate her 3rd keyboard
[15:49] {RonS} so that's where patience has been?
[15:50] {Threei}  to be fair, larisa should have stoped ordering new ones from here: http://www.geekalerts.com/chocolate-keyboard/
[15:50] {Threei}  patience on vacation too
[15:58] {dino}  out gpor .93 -.08
[15:59] {Threei}  OK guys, sorry about the extreme boredom
[15:59] {Threei}  let's hope for more excitement tomorrow
[16:00] {Threei}  have a good evening, see you in the morning
[16:00] {dino} gn all
[16:00] {dino} thx for ideas

Aug 16 2011

Nice day with enough wins to put it in category "I wish whole summer was like this." Interesting one is a milk trade, Catch of the Day, rewarded us for patient scalping during whole day:

Called as "not a scalp, deserves a real chance" at the time of entry, with exact target assigned 3 min later as it hit .40


Session Time: Tue Aug 16 00:00:00 2011
[08:32] {Threei} ul. Housing Starts: 604K, vs. Cons. 600K, Down 1.5%; Building Permits: 597K, vs. Cons. 605K
[08:59] {nemo} C&H on spy?
[08:59] {Threei} yeah
[09:09] {Threei} RasmussenPoll: 16% Say U.S. Economy Getting Better, 65% Say Worse {--- now we know 16% of earthlings actually live on Mars, and 19% are sound asleep throughout the day.
[09:16] {Threei} Obama to reveal jobs plan in Sept
[09:16] {Threei} hmm?
[09:16] {Threei} what's wrong with right now?
[09:17] {RonS} gm...can't make this up...dangdang has chairwoman named Peggy Yu Yu...
[09:17] {Threei} lol
[09:20] {nemo} what are the industrial production numbers
[09:22] {dino} gm all
[09:23] {Threei} dino :)
[09:23] {Threei} industrial production was up 1.0% in July
[09:23] {Threei} June's number, originally reported as an increase, was downwardly revised to minus 0.1%.
[09:24] {Threei} Jul. Industrial Production: 0.9%, vs. Cons. 0.5%; Capacity Utilization: 77.5%
[09:25] {RonS} must have built the O's $2 mil bus in July...
[09:26] {larisa} gm :)
[09:26] {Threei} larisa :)
[09:26] {larisa} vad :)
[09:26] {RonS} lol...hearing Fitch affirmed US AAA rating
[09:26] {RonS} good boy Fitch...
[09:27] {Threei} Moody will break the tie
[09:27] {Threei} no clear opening play yet
[09:27] {Threei} aside of SLW short that is, lol
[09:29] {Threei} also, TZA on pullback
[09:30] {Threei} Short Setup: SLW .20 break
[09:31] {Threei} if stays under .35
[09:31] {Threei} TZA, a bit more please
[09:31] {Threei} ugh... too jumpy
[09:32] {Threei} no go SLW
[09:32] {Threei} Short Setup: FCX 46 break
[09:33] {Threei} too fast
[09:33] {Threei} watching for second chance entry
[09:33] {Threei} in
[09:33] {Threei} stop above .10
[09:35] {nemo} wow slw
[09:35] {Threei} shorts don't work so far
[09:35] {Threei} TZA, what the deuce
[09:35] {nemo} they still have to go bust the shorts, this was to make them feel better
[09:35] {Threei} 30 centgs teleportation
[09:37] {Threei} need big red candle on TZA
[09:37] {Threei} to about .15
[09:37] {Threei} here it comes
[09:37] {Threei} in
[09:37] {Threei} .10, half lot
[09:37] {Threei} .95 stop
[09:39] {Threei} 1:1
[09:39] {RonS} got .06 to .33 ty
[09:39] {Threei} :)
[09:40] {Threei} out .55 in full
[09:40] {RonS} gj
[09:41] {Threei} sheeesh
[09:41] {Threei} look SLW
[09:42] {Threei} opening volatility is stunning
[09:43] {Threei} FCX
[09:43] {Threei} double top hunt
[09:43] {Threei} Short Setup: FCX .20 break
[09:43] {Threei} stop above .30 scalpers, .35 day traders
[09:44] {nemo} stop above .40
[09:45] {Threei} 1:1 scalpers
[09:45] {Threei} 1:1 day traders
[09:45] {Threei} ok... back in plus
[09:47] {Threei} .40 is possible for stop placement, nemo, but a bit too conservative... last two candles before the breakdown formed descending trendline, enough to determine the play
[09:47] {Threei} one topped under .30, another .32
[09:47] {Threei} run a line through them, you'll see my idea of that trade
[09:47] {nemo} yeah, but with this volatility
[09:48] {Threei} well... everything is a compromise
[09:48] {nemo} I saw it
[09:51] {Threei} 1:2, out in full
[09:51] {Threei} ok. life looks brighter
[09:52] {Threei} RIMM
[09:52] {Threei} harsh selloff
[09:53] {Threei} pullback to under .30 is for long entry
[09:53] {nemo} .20 stop again
[09:53] {Threei} Long Setup: RIMM .30 break if holding above .20
[09:55] {Threei} Long Setup: RIMM .20 break if holding above .10
[09:55] {Threei} clean double bottom
[09:55] {Threei} BBs are right, volume is right
[09:56] {Threei} needs to take .30 now for ultimate confirmation
[09:56] {Threei} 1:1
[09:56] {Threei} stop to .15 for the balance
06[09:57] * Threei kicks RIMM in its double bottom
[09:58] {dino} cyou sm l ave .18 gappy
[09:58] {Threei} ok, second half stopped
[09:58] {Threei} I might have confused front and rear when kicked it?...
[09:59] {Threei} where is jf... we need his chants
[09:59] {Threei} how long can be vacation, really?
[09:59] {dino} tzoo sm l .12
[10:01] {Threei} time to decide on the next direction
[10:02] {Threei} IMO... down
[10:02] {RonS} dino, see the news on cyou yesterday?
[10:03] {Threei} looking for TZA entry
[10:04] {dino} no ron, i'll look it up
[10:04] {Threei} Merkel-Sarkozy press conference at noon
[10:04] {RonS} largest holder selling...
[10:04] {dino} thx
[10:04] {Threei} no clear setup on TZA, just jumped
[10:06] {Threei} Short Setup: RIMM .15
[10:07] {Threei} stop above .25
[10:08] {Threei} no go
[10:09] {nemo} rimm likely going to .50 area if it breaks .30
[10:10] {Threei} my biggest mistake this morning was turning on volume on CNBC... first thing I heard was Cramer's voice
[10:10] {nemo} I haven't watched CNBC in 3 years
[10:11] {Threei} Long Setup: TZA .10 break
[10:12] {Threei} that was fast
[10:12] {nemo} stop {,90?
[10:13] {nemo} .90
[10:13] {dino} sm l sina .01
[10:13] {Threei} .95
[10:13] {Threei} uptrend would be broken there
[10:15] {Threei} RIMM rinsed
[10:17] {dino} out sina .14, +1.13
[10:17] {Threei} wtg
[10:17] {dino} ty
[10:24] {Threei} watching TZA for double bottom off .50
[10:25] {Threei} not yet
[10:25] {nemo} I have no idnication it's bottoming yet
[10:27] {RonS} sheesh dino, that news was on cbou not cyou...really sorry
[10:27] {Threei} nor I nemo, that was "what to watch for" alert, not actual setup
[10:27] {dino} no worries
[10:28] {nemo} spy likely going to 120.12
[10:29] {Threei} Long Setup: TZA .20 break
[10:29] {nemo} if it breaks that, we'll get to yesterday's close
[10:29] {Threei} stop under .10
[10:30] {dino} wow sina 99s
[10:31] {Threei} 1:1
[10:31] {dino} out tzoo .66, +.54
[10:31] {Threei} 1:2
[10:31] {Threei} out in full
[10:32] {Threei} 1:3... without me on board
[10:38] {Threei} Long Setup: FCX .10 break
[10:39] {Threei} if stays above 46
[10:44] {Threei} scratching FCX
[10:54] {Threei} now it works
[10:56] {nemo} here's spy pivot, we'll likely clsoe the gap today
[10:57] {dino} iwm sm l .00
[10:57] {Threei} is market so sure these folks will find the guts and way to kick the can down the road?
[10:58] {dino} gut says you are right nemo
[10:58] {dino} don't think thats the question vad
[10:58] {Threei} why not? they speak in an hour
[10:58] {dino} markets are seeing usa as safer and most likely the leader out if this mess, imo
[10:59] {Threei} yes, I mean Europe
[10:59] {dino} europe is f#cked
[10:59] {Threei} that's my view
[10:59] {Threei} and in an hour we should learn whether they admit it or still try to swim
[10:59] {RonS} besides, we already got the O in the back of the bus...
[11:00] {Threei} if they say no to eurobonds and offer no viable alternative, market should drop like a rock
[11:00] {Threei} lol ron
[11:00] {Threei} yet market acts as if it thinks they will offer something
[11:00] {Threei} I find it hard to believe, but maybe I am just not insane enough
[11:00] {dino} agreed. altho nobody expects the decision today
[11:01] {dino} markets think that in time euro-bonds will be offered, say 30 days, imo
[11:01] {Threei} not ultimate decision, but the whiff of whether they see any path forward
[11:01] {Threei} you think so?
[11:01] {dino} today, nohing happens/changes
[11:01] {Threei} I again find it hard to believe... but again, gotta be truly insane for that, lol
[11:02] {dino} and yes, in 30 days i do, as greece is out of money again in 30
[11:02] {Threei} I mean if collapse of EU today can be equalled to, say earthquake rated 7,
[11:03] {Threei} then adopting eurobonds destines EU for the 11 one down the road
[11:03] {Threei} by the 10 point scale
[11:04] {RonS} totally logarithmic dude...
[11:05] {dino} unless it stuctured as brady bonds, which worked out well. time will tell, but again, politicians want to stay in power, only way to is thru these bonds
[11:07] {dino} now if germany opts out of euro, all bets are off
[11:08] {Threei} or even France
[11:08] {Threei} Germany won't be carrying the weight alone
[11:09] {dino} germany will drop first, if anybody drops
[11:30] {dino} ppo sm l .00
[11:40] {dino} coh sm l .24
[11:44] {Threei} bout of happiness
[11:44] {dino} going green
[11:44] {RonS} like that phrase...
[11:46] {RonS} yeah...got ppo .14 ave to .74 +.60 migi-ese size...
[11:46] {dino} out ppo .76, +.76
[11:46] {RonS} thx dino btw
[11:46] {dino} wtfg
[11:51] {dino} stop coh -.16
[12:10] {nemo} this is too funny
[12:10] {Threei} heh
[12:11] {dino} coh rinsed
[12:11] {Threei} They suggest euro zone economic council
[12:11] {nemo} they sold it down this morning, got the shorts comfortable, now they'll go afrer the stops between here and 121.60 or so
[12:13] {nemo} Financial Transaction Tax going in in the EU
[12:13] {nemo} balanced budget requirement and an EU president within 2 years
[12:14] {Threei} imbeciles
[12:15] {nemo} Tax goes into effect as soon as next week
[12:20] {Threei} so, that's actually the only concrete thoing thwey agreed on, right?
[12:20] {Threei} euro zone council is vague bss
[12:20] {Threei} -s
[12:21] {Threei} down we go if so, IMO
[12:21] {Threei} Long Setup: TZA .40 break
[12:21] {RonS} lol
[12:21] {nemo} spy and iwm at vwap
[12:22] {Threei} invalidated
[12:22] {Threei} Long Setup: TZA .10 break
[12:22] {Threei} invalidated
[12:22] {Threei} new soundbite?
[12:23] {Threei} ugh
[12:23] {nemo} this volatility
[12:23] {Threei} too volatile for confident dsetup
[12:23] {Threei} look at it
[12:26] {Threei} I need a gun
[12:26] {nemo} why?
[12:26] {Threei} don't have to be brand new, I will use it just once
[12:27] {nemo} on whom?
[12:27] {Threei} myself, lol... missing this TZA
[12:27] {nemo} ahhh
[12:28] {RonS} German Chancellor Merkel, asked about Eurobonds, says they won't help resolve crisis
[12:28] {Threei} and that's the only thing that matters
[12:28] {nemo} you just need a bullet, a block of wood, a drill, a drill bit the size of the caliber, a 1" nail and a half inch wide board
[12:28] {Threei} no eutobonds - down we go
[12:29] {dino} sticking their head in the sand
[12:32] {Threei} well... my poreference is, no to bonds and let it all collapse
[12:32] {Threei} better now than later
[12:32] {Threei} rip off that bandaid
[12:38] {Threei} they also said EFSF shuld not be expanded
[12:38] {Threei} all in all, no to putting more money into system
[12:38] {dino} they pretty much did nothing, as usual
[12:38] {Threei} right
[12:39] {Threei} which, strangely, is a right thing to do, lol
[12:39] {dino} if i were greece, or greece was a family member, i'd advise default/bankruptcy
[12:40] {Threei} absolutely
[12:40] {dino} say, see ya suckers
[12:40] {Threei} and if I were Greece's lender, I would try to keep it aflot and make it pay as much as possible before defaulting - which is exactly what they do
[12:40] {dino} vit sm l .40
[12:41] {dino} right 3i, its more the lenders problem
[12:43] {dino} transaction tax over there will drive business over here
[12:44] {Threei} well, we still need "our" idiots not to follow "theirs"
[12:44] {dino} yes
[12:44] {Threei} 'cause, you know... idiocy is not really constrained by gerography
[12:44] {Threei} geography
[12:45] {nemo} neither is poor spelling
[12:45] {Threei} apparently :)
[12:45] {dino} lol
[12:45] {nemo} sorry...asshole gene
[12:46] {Threei} as long as you know the root of the problem...
[12:46] {Threei} who are we to argue :)
[12:46] {nemo} yeah...no cure
[12:53] {dino} sm l clf .53
[12:58] {Threei} Long Setup: TZA .40 break
[12:58] {Threei} .20 break now
[12:59] {dino} gpor gap fill
[12:59] {Threei} not a scalp
[12:59] {Threei} this one deserves real chance
[13:00] {Threei} offering first partial above .40
[13:00] {nemo} oh well
[13:00] {dino} gpor sm l .10
[13:00] {Threei} out .41
[13:00] {Threei} stop .15 for the balance
[13:01] {Threei} want SPY break of 119
[13:01] {Threei} want a full dollar out of this TZA entry
[13:01] {Threei} gimme gimme gimme
[13:02] {Threei} good boy TZA
[13:02] {Threei} second part out .62
[13:02] {nemo} sorry I sat that one out
06[13:02] * Threei slaps nemo around a bit with a large roll of cash
[13:02] {Threei} partialing 1/4s
[13:02] {nemo} today not my day, can't read it
[13:03] {Threei} third part out .90
[13:03] {dino} clf stop -.33
[13:03] {Threei} offering last piece 48.20
[13:03] {Threei} sto b/e
[13:03] {Threei} not trailing
[13:03] {dino} gj
[13:03] {Threei} finally, milk trade
[13:03] {Threei} catch of the day
[13:04] {Threei} reward for all that back and forth
[13:05] {Threei} out
[13:05] {Threei} full dollar
[13:06] {nemo} That's enough...ripped up...go study for that exam c u
[13:06] {Threei} I think I hurt his feelings
[13:06] {Threei} does nemo have feelings?
[13:07] {Threei} I'll ask him tomorrow
[13:07] {Threei} or he will read the log and send me nasty e-mail
[13:14] {dino} coh sm l .10
[13:16] {dino} tzoo sm l ave .20
[13:21] {dino} stop tzoo
[13:24] {dino} tzoo sm l .85
[13:25] {dino} out coh .44, +.34
[13:27] {dino} out tzoo .38, +.43
[13:27] {Threei} putting this trade in cache of trades to taunt all those who are on vacation when they are back
[13:33] {dino} tzoo sm l .01 ave
[13:33] {dino} clf big rinse
[13:33] {dino} ppo sm l .22
[13:39] {Threei} lol
[13:39] {Threei} democratic strategist on TV:
[13:39] {Threei} last stimulus was inadequately small, it must have been double or triple the size
[13:40] {dino} who is john galt
[13:40] {Threei} hard to believe these cretines...
[13:41] {Threei} they must be really thinking money grows on tree
[13:55] {dino} out tzoo .75, +.74
[13:56] {RonS} gj
[13:56] {dino} ty
[13:58] {Threei} I was going for "fj" meaning fantastic job, then decided it could be misundcerstood... then thught of it so deep and long that forgot to say anything at all
[13:59] {dino} holi spike
[13:59] {dino} lol 3i
[14:00] {dino} out ppo ave .55, +.33
[14:02] {RonS} geez why didn't we short ice?
[14:03] {dino} because its not nice
[14:04] {dino} :D
[14:04] {dino} larisa, how about a green close?
[14:05] {Threei} no frikin way
[14:06] {larisa} since when you are larisa? :)
[14:06] {Threei} doesn't matter
[14:06] {Threei} don't evn think about betting on it
[14:06] {larisa} dino I think -100 or worse :)
[14:07] {Threei} there
[14:07] {larisa} and not because threei said so :)
[14:09] {dino} are you sure thats not the reason? lol
[14:09] {dino} -30 dji close +/-10
[14:11] {larisa} :)
[14:14] {dino} got lucky, out gpor .33, +.32
[14:14] {dino} opps, +.22
[14:29] {RonS} soda canned...
[14:30] {RonS} wow
[14:31] {dino} soda spilling
[14:31] {RonS} no fizz today...
[14:34] {Threei} http://bit.ly/q9gGYT
[14:34] {Threei} very good decription of robin tax lunacy
[14:38] {Threei} let's get those greedy bastards indeed
[14:39] {dino} politicians never meet a tax they don't like
[14:49] {dino} sina sm l .25
[14:53] {dino} stop -.35
[14:58] {Threei} another TZA setup...
[14:58] {Threei} Long Setup: TZA .40 break
[14:58] {Threei} stop under .30
[14:58] {Threei} target .70
[14:58] {Threei} 1:1
[14:59] {Threei} three partials, standard routine
[14:59] {Threei} 1:2
[15:00] {Threei} stop .45
[15:01] {Threei} out
[15:01] {Threei} nice and clean move
[15:01] {dino} gj
[15:01] {Threei} ty
[15:02] {Threei} very pleasant pace - fluid and smooth
[15:02] {Threei} trade works fast enough to deliver instant gratification,
[15:02] {Threei} but hot so hectic that it's hard to enter and exit
[15:04] {dino} gpor hl l .76
[15:13] {dino} out ave .01 +.25
[15:28] {dino} -30
[15:29] {dino} took awhile, but out vit .70, +.30
[15:36] {dino} going green
[15:36] {Threei} nooo
[15:36] {Threei} no way'
[15:42] {Threei} if this market ends in green today, I am going to lose faith in hmanity
[15:43] {larisa} "hmanity" is the sister or "robin" tax ? :)
[15:44] {Threei} lol
[15:44] {Threei} meanie
[15:44] {dino} lol
[15:44] {Threei} me speak no english and barely types with me fins
[15:45] {dino} having one of those days, spilled my water and now i knocked over the peanut jar
[15:47] {larisa} same for me, dino, dropping stuff all day today
[15:48] {Threei} that's because you two are mean to me
[15:48] {Threei} somweone up there is looking out for me
[15:48] {Threei} and punishes you
[15:48] {dino} peanuts everywhere, need to call the dog
[15:49] {larisa} ants will work on it :)
[15:49] {dino} rather the dog
[15:50] {RonS} soda lod
[16:00] {Threei} faith in humanity is intact
[16:00] {Threei} thank you, have a great evening
[16:00] {Threei} see you tomorrow
[16:01] {larisa} bye :)

Aug 15 2011

Very boring and largely flat day, as stops and wins balanced each other out. One trade though was interesting.


How do you trade when you have low level of confidence in the setup? This example shows just that. Let's start with 46.20 level - you can see how it shapes up as breakout setup up to 10:21. The market however is not very conducive to breakouts. To control the risk tighter, my method in this case was:


- enter half lot on pullback to 46.11, stop under 46
- add another half at .21, stop for full lot at .05
- exit half at .28 and 1/4 at .37;
- trail stop to .15 (low of the last pullback, and where the last 1/4 got stopped and stock went down ever since).


Playing it this way, you keep risk small until setup confirms itself. This is also perfect fit to the idea: play small when uncertain, add when certainty increases. Breakout of 46.20 is a confirmation of strength, thus a reason to increase shares; initial entry is done in a very uncertain moment, thus initial size is small.

Session Time: Mon Aug 15 00:00:00 2011
[09:17] {Threei}  http://www.facebook.com/RealityTrader/posts/245397362161613
[09:19] {larisa} gm :)
[09:19] {Threei}  larisa :)
[09:20] {larisa} vad :)
[09:24] {RonS} gm...wow...did icahn hit a home run or what...30 mil sh mmi
[09:24] {Threei}  Ron :)
[09:24] {Threei}  good for him
[09:26] {RonS} i think i read mmi has 17k patents and 7k in pipeline...this is what carl wanted...to unlock the vlaue in those...
[09:30] {Threei}  TIMM
[09:30] {Threei} Short Setup: RIMM  .80 break
[09:30] {Threei}  invalidated
[09:31] {Threei} Short Setup: SLW  .30 break
[09:31] {nemo} gonna' gap close today
[09:31] {Threei}  SLW stop above .40 or .45
[09:32] {Threei}  RIMM got away
[09:33] {Threei}  RIMM same setup again
[09:33] {Threei}  .80 break short
[09:33] {Threei}  1:1
[09:34] {Threei}  SLW stop .41
[09:34] {Threei}  out RIMM in full here, 1:3
[09:35] {Threei}  SLW half out
[09:35] {Threei}  stop to .32
[09:35] {Threei}  1/4 out 1:2
[09:36] {Threei}  stop to .26
[09:36] {Threei}  1:3, out
[09:37] {Threei}  wow, everyone's asleep this fine morning
[09:41] {Threei} Short Setup: SLW  .20 break
[09:41] {Threei}  stop above .30
[09:41] {nemo} slw spready this morning
[09:42] {Threei}  a bit above the usual, yeah
[09:42] {nemo} .10 to spy gap close
[09:42] {Threei}  dino answered the alarm clock call
[09:43] {dino} gm, back in 30 or so
[09:43] {Threei}  morning
[09:44] {Threei}  out SLW
[09:47] {RonS} eur went nuts
[09:47] {RonS} gotta be a squeeze
[09:47] {Threei}  expecting eurobonds to get a nod tomorrow, I'd think
[09:48] {Threei}  only to crash hard if no nod
[09:48] {dino} agree
[09:48] {Threei}  Euro lives in the land of total delusion, IMO
[09:48] {RonS} means today is a winkin and blinkin?
[09:49] {Threei}  it's so far from reality that no real laws of real world longer apply
[09:49] {Threei}  fantasy land
[09:49] {Threei}  at some point reality hits hard,m
[09:49] {Threei}  and that's when a lot of lives and fortunes will be ruined
[09:50] {Threei}  just like it happened with RE
[09:50] {Threei}  FCX
[09:50] {Threei}  looking to short this bounce
[09:52] {Threei}  no clear entry yet
[09:52] {Threei}  thought of .90 but that was iffy
[09:52] {Threei}  worked nonetheless...
[10:04] {Threei} Short Setup: RIMM  .30 break
[10:05] {Threei}  no go
[10:08] {Threei} Short Setup: FCX  .75 break
[10:08] {Threei}  .86 stop, not a scalp, targeting .40 or so
[10:09] {Threei}  touched 1:1, I was abit too slow on partial
[10:10] {Threei}  out
[10:10] {nemo} not a day for break plays
[10:10] {Threei}  screwed up this one, didn't have order in
[10:20] {Threei}  FCX forms breakout...
[10:21] {nemo} spy isn't
[10:21] {dino} .
[10:22] {Threei}  in FCX aggressively
[10:22] {Threei}  half lot
[10:22] {Threei}  either stop under 46 or adding second half on .20 break
[10:25] {Threei}  let's go FCX
[10:25] {Threei}  break that .20
[10:25] {Threei}  good boy
[10:25] {Threei}  stop for the whole lot is .05
[10:29] {Threei}  half out
[10:29] {Threei}  .28
[10:29] {Threei}  stop to .14
[10:30] {Threei}  1/4 more out
[10:30] {Threei}  .37
[10:43] {Threei}  out last piece
[10:53] {RonS} sbh l .22
[11:06] {RonS} out sbh .34 +.12
[11:07] {dino} gj
[11:10] {RonS} ty mini-ese on a thinny...
[11:11] {Threei}  mini-ese, lol
[11:11] {Threei}  http://on.fb.me/nXejrL
[11:14] {dino} sm l el .00
[11:21] {dino} stop -.33
[11:38] {dino} el sm l .57
[11:39] {dino} out el .11, +.55
[11:39] {dino} .54
[12:08] {dino}  sm l idcc .54 ave
[12:25] {Threei}  market is very unconfident
[12:37] {Threei} Short Setup: FCX  .90 break
[12:37] {Threei}  half lot
[12:38] {Threei}  stop is self-evident
[12:38] {RonS} bidu down on fraud link rumors...
[12:42] {Threei}  so far so good FCX, refuses to go up with market
[12:43] {Threei}  with half lot, stop is negligible, willing to give it a chance
[12:47] {Threei}  no go
[12:47] {Threei}  whole day today is mostly wating for tomorrow
[12:48] {Threei}  Europe is where the next market move is being decided
[12:50] {RonS} means a continental move?
[12:50] {Threei}  Merkel and Sarkozy meet tomorrow,
[12:51] {RonS} fi one is bearish does that make you a putin?
[12:51] {Threei}  and Eurobonds issuing is a major matter of discussion
[12:51] {RonS} if
[12:51] {Threei}  hmmm
[12:51] {Threei}  that's too deep
[12:52] {Threei}  market at tis point is in deep denial
[12:52] {RonS} ask nemo...not really...lol,,,maybe, too corny...
[12:52] {Threei}  no one wants to admit that no matter what they do, EU is doome
[12:52] {Threei}  doomed
[12:53] {Threei}  the only thing that matters for the next move is whether they kick the can down the road now
[12:53] {Threei}  or give up
[12:53] {RonS} hard to understand the fascination with it all
[12:53] {Threei}  postpone the collapse, market shoots up
[12:53] {RonS} are they really that afraid of warring with each other still?
[12:54] {Threei}  very much
[12:55] {dino} they will kick it down road w/bonds, aka brady type. give up will be out of ther control
[12:55] {Threei}  that's how I feel too
[12:56] {Threei}  collapse tomorrow is better than collapse today, and maybe something happens and helps prevent it, let's grab at each straw we can find
[12:56] {dino} think about it, those in charge, politicians, are out of job on give up
[12:56] {Threei}  right
[12:56] {Threei}  they bet their entire life and career on this thing
[12:56] {Threei}  not in their worst nightmare could they imagine such unraveling
[12:57] {nemo} good thing for them no guillotine
[12:57] {nemo} their egos would collapse
[13:11] {Threei} Short Setup: RIMM  .50 break
[13:11] {nemo} that's a frickin' chopfest
[13:12] {Threei}  it is... but as we near the end of day, fear should overtake...
[13:12] {Threei}  barring new soundbites of course
[13:12] {nemo} overtook me already
[13:12] {Threei}  oh, man up
[13:16] {Threei}  invalidated by loomking for another entry
[13:16] {Threei}  ummm
[13:16] {Threei}  invalidated but looking for another entry
[13:17] {Threei}  ok, will try .60 break
[13:25] {Threei}  nah
[13:29] {nemo} wlaking up the spy trendline
[13:30] {nemo} not sure, but odds seem to favor another run above the highs
[13:30] {nemo} have to be a bunch of stops in the 121.50 area
[13:32] {dino} out idcc .23, +.69
[13:32] {Threei}  wtg
[13:32] {dino} ty, took awhile
[13:33] {Threei}  I dunno nemo... SPY looks to me like bounce exhausting itse;f
[13:33] {Threei}  daily I mean
[13:33] {Threei}  intraday is very vague
[13:33] {dino} coh sm l .40
[13:38] {dino} stop is .24
[13:45] {Threei}  120 is about t be broken
[14:00] {Threei}  what the deuce, RIMM
[14:07] {dino} coh rinsed
[14:07] {Threei}  going to try and short RIMM .50 bvreak
[14:08] {Threei}  double top hunt
[14:08] {Threei}  stop is self-evident
[14:08] {Threei}  target's 26.10 or so, three partials
[14:11] {Threei}  1:1
[14:12] {Threei}  stop to .55 for the lanace
[14:14] {Threei}  oh well
[14:14] {Threei}  wanted more out of it
[14:15] {dino} idcc sm l .51
[14:19] {dino} out idcc .91, +.40
[14:42] {dino} wow thing went to 61
[15:04] {Threei}  sheesh
[15:04] {Threei}  RIMM
[15:06] {dino} sheesh idcc 62s
[15:06] {RonS} shees .spx 1201.26
[15:07] {dino} lol
[15:52] {dino} 65s ugh
[15:57] {Threei}  seems fear dissipated
[15:58] {Threei}  there is no such thing as bear anymore... only bulls roam the orairies
[15:58] {Threei}  prairies
[15:58] {Threei}  not for very long, I suspect
[15:58] {Threei}  OK guys, have a good evening, see you tomorrow
[15:58] {larisa} bye :)
[16:01] {dino} gn all

Aug 12 2011

Positive but boring day. What else is new.


http://on.fb.me/ovxUIt


Session Time: Fri Aug 12 00:00:00 2011
[09:16] {dino} gm all
[09:16] {Threei}  morning dino
[09:18] {RonS} gm everyone
[09:18] {Threei}  Ron :)
[09:20] {Threei}  Consumers spent more on autos, furniture and gasoline in July, pushing up retail sales by the largest amount in four months.
[09:21] {Threei}  http://on.fb.me/ovxUIt
[09:26] {Threei}  larisa :)
[09:26] {larisa} gm :)
[09:31] {Threei} Long Setup:  RIMM  .60 break
[09:31] {Threei}  stop under .50
[09:32] {Threei}  1:1
[09:32] {RonS} ty
[09:33] {Threei}  1:2
[09:33] {Threei}  yw
[09:36] {Threei}  stop .69 for the last piece
[09:37] {Threei}  not selling at 1:3 if get there
[09:38] {Threei}  trailing instead
[09:40] {Threei}  out
[09:44] {RonS} oh dinoooo...
[09:46] {dino} ?
[09:47] {RonS} dds
[09:47] {ese} morning.....
[09:47] {Threei}  ese :)
[09:48] {ese} was outta town yesterday......looked like it was a good day
[09:48] {dino} dds beats
[09:49] {Threei} Short Setup: FCX  .50 break half lot
[09:49] {Threei}  no go
[09:49] {dino} sm l .00 dds
[09:51] {dino} out dds .40, +.40. that thing is whippy
[09:53] {RonS} got dds .68 ave to 42.60  +.92
[09:54] {dino} wtg
[09:54] {Threei}  nice
[09:55] {dino} 07 red
[09:55] {Threei} Short Setup: NTAP  .15 break
[09:55] {dino} vxx sm l .25
[09:56] {Threei}  stop above .25
[09:56] {RonS} btw dds met, and jwn beat spodept store $ to jwn...
[09:57] {dino} out vxx .55, +.30
[09:57] {ese} prelim michigan dn 54.9 vs 62 ex
[09:57] {ese} lowest since 1980
[10:01] {Threei}  SLW two sided, 37 - .10
[10:03] {Threei}  sigh
[10:04] {dino} dds sm l .02
[10:07] {dino} dds stop -.31\
[10:12] {dino} dds sm l .70
[10:15] {dino} out dds .10, +.40
[10:15] {ese} L VRSN .63
[10:18] {ese} stop to break even....
[10:19] {ese} out 1/2 .78 +.15
[10:19] {dino} dds sm l .51
[10:19] {Threei} Long Setup:  RIMM  .20 break
[10:21] {ese} out in full .81 +.18
[10:21] {ese} 1k/1k
[10:22] {dino} out dds .51 flat
[10:24] {dino} sm l .00
[10:25] {patience} good morning
[10:25] {dino} out .35, +.35
[10:25] {Threei}  morning patience
[10:26] {ese} morning patience
[10:27] {patience} building up the golf ball collection for you ese
[10:27] {Threei} Long Setup:  SLW  .70 break
[10:28] {Threei}  target 1:2
[10:28] {Threei}  half'n half
[10:29] {Threei}  1:1
[10:29] {ese} by the way....won't see you all for the next 10 days.......outta here to Denmark tomorrow to play the Ballerup Musikfest  http://www.ballerupmusikfest.dk/   next week
[10:30] {ese} tks patience..appreciate that
[10:30] {Threei}  have fun ese
[10:30] {dino} have a great time ese
[10:30] {ese} will do
[10:30] {patience} i should pick my ticket up where?
[10:31] {ese} lol
[10:33] {patience} ese dcc
[10:38] {Threei}  SLW shows the pattern of moving against market more and more often
[10:39] {patience} i agree vad
[10:50] {nemo} FCX coming into support
[10:53] {dino}  crmb sm l .50 ave
[10:53] {dino} stop lod
[10:58] {dino} wtw sm l .60
[10:58] {RonS} lol...crmb...retail neigborhood cupcakes...what a crummy business
[10:58] {dino} asthe cookie crumbles
[10:58] {dino} out wtw .94, +.34
[10:59] {RonS} got fat quick
[11:01] {dino} lucky
[11:10] {dino} sm l wtw .56
[11:11] {dino} stop is .39
[11:12] {dino} seopped
[11:14] {dino} stopped
[11:16] {nemo} fcx could be short here, volume came in on the doji
[11:16] {nemo} could be long above the doji too
[11:18] {Threei}  feels like short is more likely
[11:18] {nemo} http://www.wate.com/story/15251812/man-caught-masturbating-outside-elementary-school
[11:19] {Threei}  ummm
[11:19] {Threei}  janitor
[11:19] {nemo} yeah, but funny...with a doll
[11:20] {Threei}  here comes breakdown
[11:21] {nemo} 1:1
[11:21] {Threei}  yup :)
[11:21] {RonS} get this...2 cops from co, traveling to south dakota to funeral...get pulled over in wyoming when complaints come in on speeding w/ lights on and throwing beer cans out the window
[11:21] {nemo} see that print at .7747 wtf
[11:22] {Threei}  laws are not for law enforcers or lawmakers eh?
[11:22] {nemo} got a good one...
[11:22] {nemo} friend of mine a wildlife officer upstate ny
[11:22] {nemo} get's complaints of poaching a few years back
[11:22] {RonS} in cop car w. uni's on and lights flasing to clear traffic...charge w/ dwi and littering after beer found in cooler
[11:22] {nemo} sets up mechanical deer by the side of the road
[11:22] {nemo} waits...
[11:22] {nemo} hears shots...
[11:22] {nemo} waits...
[11:23] {nemo} state trooper walks up to the deer
[11:23] {nemo} stop .76
[11:23] {nemo} had to arrest the cop
[11:24] {nemo} if works .50 area then .35
[11:24] {dino} we get a lot of that here, they are above the law
[11:25] {RonS} well, in denver, off duty cops kill 2-3 people/yr, working as bouncers and never get charged...it is freakin ridiculous
[11:26] {dino} our biggest drinkers are troopers
[11:26] {dino} or retired ones
[11:27] {dino} wtw sm l .31
[11:29] {ese} i'm outta here all.....tons of things to do.......see ya in a couple of weeks.......if i get a chance to log in over there i may pop in
[11:29] {RonS} take care ese...don't do anything that 3i would not do...
[11:29] {Threei}  take care ese
[11:29] {ese} lol...ya definitely
[11:29] {Threei}  and there is not mu8ch I wouldn't do
[11:30] {ese} we know....we know....lol
[11:30] {Threei}  so feel liverated :)
[11:30] {ese} cya
[11:30] {RonS} must be freudian...
[11:32] {dino} stop wtw -.33
[11:32] {Threei}  rofl Ron
[11:32] {Threei}  I just noticed
[11:37] {dino} rinsed
[11:38] {RonS} in this case...sweated out...
[11:39] {dino} hmmm
[13:02] {Threei}  yawn
[13:10] {dino}  zzzzzzzzzzzzzzzz
[13:15] {Threei}  FCX new lows
[13:28] {dino}  sm l byi .11
[14:06] {Threei}  how do you not fall asleep trading this one, dino??
[14:06] {Threei}  38 min later, it's ay .14
[14:06] {Threei}  sorry, .16
[14:06] {dino}  screwed uo had .38 on it
[14:06] {Threei}  lol
[14:07] {RonS} ...he has one of their slot machines
[14:14] {Threei} Short Setup: FCX  .55 break
[14:14] {Threei}  if stays under .65
[14:14] {Threei}  .60 break aggressive entry
[14:18] {RonS} nice ty
[14:18] {Threei}  :)
[14:18] {dino} dds sm l .00
[14:18] {Threei}  takes the day back in green
[14:27] {Threei}  be back in 30, for the last hour
[14:27] {dino} idcc spiking again
[14:50] {dino} dds stop -.35
[15:04] {Threei}  bsck
[15:07] {RonS} thought it was a stock symbol...lol
[15:08] {Threei}  hmmm... lol
[15:13] {dino}   zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz]
[15:24] {Threei}  wow... no life whatsoever
[15:32] {dino} drop
[15:35] {Threei}  FCX continues sliding
[15:43] {Threei} Short Setup: FCX  .25 break
[15:53] {dino}  out byi .25, +.14
[15:54] {Threei}  scratching FCX
[15:54] {Threei}  running out of time
[15:54] {Threei}  ok guys, have a great relaxing weekend
[15:54] {Threei}  new week will bring new surprizes
[15:54] {nemo} c u
[15:54] {Threei}  as powers that be come up with new idiocy
[15:55] {dino} wow wtw drops 4 and closes up .80
[16:00] {dino} gn all
[16:02] {larisa} bye :)

Aug 11 2011

Meh. Always hated these slow climb days. Boring and fruitless. Worthy read though: http://www.facebook.com/RealityTrader/posts/199127350147293

Session Time: Thu Aug 11 00:00:00 2011
[09:09] {nemo} hey ese, get my email?
[09:09] {Threei}  is it time to wake up yet?
[09:20] {Threei}  door prize to be determined yet to whoever guesses the first tade of the day
[09:20] {nemo} slw short
[09:20] {larisa} gm :)
[09:20] {nemo} cough it up
[09:20] {RonS} gm
[09:20] {Threei}  howe did you know??
[09:20] {Threei}  larisa, ron :)
[09:20] {nemo} I'm psycho
[09:20] {Threei}  ah
[09:21] {Threei}  as if I didn't know...
[09:21] {Threei}  hopefully it doesn't do what it yesteday
[09:21] {Threei}  it did
[09:24] {dino} gm all
[09:24] {Threei}  dino :)
[09:30] {nemo} charts aren't keeping up already
[09:31] {Threei}  4th chart erver
[09:31] {Threei} Short Setup: SLW  .40 break
[09:31] {Threei}  1:1
[09:32] {Threei} Short Setup: RIMM  .50 break
[09:32] {Threei}  if stays under .60
[09:32] {Threei}  two-sided
[09:33] {Threei}  long it is
[09:34] {Threei}  no go
[09:34] {Threei}  rinse?
[09:35] {Threei}  yeah... grrr
[09:36] {Threei} Long Setup:  FCX  .40 break
[09:36] {Threei}  half lot
[09:36] {Threei}  invalidated
[09:37] {nemo} check .10 level long
[09:38] {Threei}  yeah, next entry is around 44 - 44.10
[09:38] {nemo} pivot .08
[09:41] {Threei} Long Setup:  FCX  .10 break
[09:41] {Threei}  44 break now
[09:41] {Threei}  ugh, fast
[09:42] {Threei}  ok, valid
[09:42] {Threei}  if stays above .85
[09:42] {Threei}  not a scalp
[09:42] {Threei}  1:1
[09:43] {Threei}  stop for the balance to .95
[09:43] {nemo} this volatility
[09:43] {Threei}  yeah
[09:43] {Threei}  target .45
[09:43] {Threei}  if not rinses the balance
[09:43] {Threei}  ok... lol
[09:47] {Threei} Long Setup:  RIMM  .70 break
[09:50] {Threei}  I guess I need to leave RIMM alone for now
[09:50] {Threei}  doesn't cooperate
[09:52] {Threei} Long Setup:  SLW  .25 break
[09:52] {Threei}  if holding .10
[09:53] {Threei}  invalidated
[09:53] {nemo} watch .85 level
[09:55] {Threei} Short Setup: FCX  .80 break
[09:55] {Threei}  half lot
[09:56] {Threei}  let's respect this volatility, it's seriosuly abnormal
[09:56] {Threei}  hit 1:1 while I typed that
[09:58] {dino} vxx sm s .99
[09:58] {Threei} Short Setup: FCX  .15 break
[09:59] {Threei}  if stays under .30
[09:59] {Threei}  1:1
[10:01] {dino} cov vxx .70, +.30
[10:01] {dino} .29
[10:02] {Threei} Long Setup:  SLW  .25 break
[10:02] {Threei}  stop under .15
[10:03] {Threei}  1:1
[10:04] {dino} coh sm l .50
[10:11] {Threei} Short Setup: SLW  .60 break
[10:11] {Threei}  if stays under .70
[10:12] {Threei}  invalidated
[10:13] {nemo} pivot slw 36.12
[10:16] {nemo} cap volume slw?
[10:16] {Threei}  ?
[10:16] {nemo} capit
[10:16] {nemo} ulation
[10:17] {nemo} nope, next stop likely 36.12
[10:17] {Threei}  I can't decipher your question
[10:17] {nemo} Let me do a coupla shots, that might help
[10:17] {nemo} thought that slw volume might be capitualtion for a short, looks like pivot level is likely now
[10:20] {Threei}  FCX, watching for dive to about .50 for long
[10:21] {Threei}  desirably under
[10:21] {Threei}  so we could get .40 - .50 setup
[10:21] {Threei}  ok
[10:21] {Threei}  in
[10:22] {Threei}  stop under .40
[10:22] {Threei}  1:1
[10:22] {Threei}  1:2
[10:23] {Threei}  that was easy
[10:23] {Threei}  finally decent one easy to read
[10:23] {Threei}  out in full
[10:23] {Threei}  1:3
[10:37] {Threei} Short Setup: RIMM  .15 break
[10:37] {Threei}  let's see if this one became more obedient
[10:37] {Threei}  if stays under .25
[10:37] {nemo} france and italy banning short selling
[10:38] {Threei}  idiots
[10:38] {Threei}  as if it helped anyone in the past
[10:38] {Threei}  invalidated
[10:41] {dino} ironic, it's always blame the shorts
[10:42] {Threei}  just to be seen as doing something, and picking the target that is widely misunderstood by public
[10:43] {Threei}  who cares about the result, it's all about the appearances
[10:43] {Threei}  frikin tweeting nation
[10:43] {Threei}  bumper-sticker thinking
[10:47] {dino} dgit sm l ave .65
[10:59] {RonS} wow soda
[11:01] {dino} just looking at that
[11:01] {dino} gap around 43.75
[11:04] {dino} filled
[11:07] {dino} db on it
[11:08] {dino} smr l .00 risky
[11:08] {dino} out .49, +.49
[11:08] {RonS} gj
[11:09] {dino} ty
[11:09] {dino} pulp
[11:09] {Threei}  nice one
[11:10] {dino} smr l 26
[11:12] {dino} out .80, +.54
[11:13] {Threei}  watchign for SLW bounce to short
[11:15] {dino} smr l .10
[11:15] {dino} out .76, +.66
[11:16] {RonS} wow...like a fiddle...
[11:16] {dino} lol
[11:16] {dino} crazy mover
[11:17] {dino} coh stop -.31
[11:20] {RonS} soda wants to break 40
[11:20] {dino} soda smr l .81
[11:20] {RonS} left 2 cents on the table...lol
[11:21] {dino} out .33, +.52
[11:25] {dino} feels like 40s
[11:27] {dino} or not
[11:29] {dino} missed a big move
[11:33] {Threei}  A new crisis of confidence gripped Europe's banking industry Thursday as its borrowing costs soared, lenders sought emergency funding, and some institutions reviewed exposure to French banks in particular.
[11:34] {Threei}  French banks have an unusually high exposure to some of the European countries whose debt levels are starting to look unmanageable.
[11:39] {dino} and they lecture us
[11:40] {Threei}  heh
[11:40] {Threei}  not that we are in position to lecture anyone either, lol
[11:40] {Threei}  amazing how widespread and deep this crisis is
[11:41] {Threei}  no country in the world is unblemished in this, and none will remain untouched
[11:42] {larisa} even republic of kiribati ?
[11:42] {Threei}  those especially
[11:43] {larisa} doubt it :)
[11:43] {Threei}  just watch them
[11:53] {dino} smr l soda .71
[11:58] {dino} out .stop -.40
[12:04] {dino} rinsed
[12:29] {dino} smr l soda .75
[12:30] {dino} stop -.35
[12:32] {dino} rinsed again, hmmmm
[12:34] {Threei}  market stalled...
[12:35] {Threei}  often leads to aimless wandering in individual stocks, thus rinses
[12:53] {dino} out dgit .00, +.35
[13:01] {Threei}  SLW
[13:01] {Threei}  looks double-toppy
[13:05] {Threei} Short Setup: SLW  .15 break
[13:06] {nemo} 30 yr crashing
[13:06] {nemo} tlt also
[13:06] {nemo} PMs likely to get a bid here
[13:13] {dino} gap tlt 102.46 area
[13:21] {dino} tlt sm l .50
[13:21] {Threei}  Sarkozy and Merkel to discuss euro zone on Tuesday
[13:21] {dino} stop -.25
[13:22] {Threei}  Sarkozy: so, whatcha think?
[13:22] {Threei}  Merkel: whatever... pour some wine
[13:22] {Threei}  Sarkozy: and euro zone?
[13:23] {Threei}  Merkel: like I said...
[13:27] {dino} another rinse
[13:47] {Threei}  friking SLW got away
[14:36] {Threei} Short Setup: SLW  .60 break
[14:37] {dino}   calling it a day, cya
[14:37] {Threei}  really?
[14:37] {Threei}  last hour may finally bring something
[14:38] {Threei}  betting on selloff
[14:39] {RonS} nutz
[14:40] {Threei}  it is
[14:40] {Threei}  maybe dino's right, lol
[14:54] {RonS} ...freakin guy cannot stay off tv
[14:54] {Threei}  election is coming, ya know
[14:55] {RonS} just think about it...he never works...golf, fund raisers, vacations, and spews bs on air...
[14:56] {Threei}  you mean it is not work?
[15:21] {nemo} I'm outta' here c u later
[15:21] {Threei}  take care
[15:22] {RonS} cya nemo....until tomorrow for me too 3i...
[15:25] {larisa} it either -500 or +500 these days :)
[15:25] {Threei}  no kidding
[15:25] {Threei}  OK, I guess I am off as well
[15:25] {larisa} bye :)
[15:25] {Threei}  see you tomorrow

Aug 10 2011

Not my day - got the direction right, but exact entries were a bit off. Stops outweighed wins, not by much but still. Happens. Do read this:


http://www.facebook.com/RealityTrader/posts/243031272398222



Session Time: Wed Aug 10 00:00:00 2011
[08:47] {Threei}  yawn
[09:05] {RonS} gm, nemo you may be interested in reading this over the weekend:  http://www.vanityfair.com/business/features/2011/09/europe-201109
[09:05] {Threei}  will we erase yesterday's gains completely?
[09:06] {Threei}  or is it bottom confirmation coming, in a form of testing and holding support?
[09:06] {RonS} ...about the German national character and why they are involved in the Greek mess et al
[09:06] {Threei}  that is the question
[09:11] {RonS} what the heck cree...bad qtr, weak guidance...up 10%
[09:25] {Threei}  SLW begs to be shorted after spread tightening
[09:25] {nemo} such a rarity
[09:25] {RonS} rimm spread .22
[09:25] {Threei}  I knew I'd surprise you
[09:26] {nemo} keeps our relationship fresh and alive
[09:26] {Threei}  will tighten after the open too, Ron
[09:26] {Threei}  lol nemo
[09:26] {nemo} yeah, sleep deprived studying for this frickin exam
[09:26] {Threei}  200 points Dow gap
[09:26] {Threei}  sheesh
[09:27] {Threei}  where's dino
[09:27] {Threei}  and and guess who knocked the door yesterday, long time no see
[09:27] {Threei}  Chaeron, blast from the past
[09:27] {RonS} after last clost thought it would gap up so stayed in bed...
[09:27] {Threei}  here is dino
[09:28] {RonS} close
[09:28] {Threei}  to admire the volatility
[09:28] {nemo} oh, did he get a break from ferry duty
[09:28] {nemo} ?
[09:29] {dino} gm all
[09:29] {Threei}  dino :)
[09:29] {Threei}  aww SLW
[09:29] {Threei}  getting away
[09:31] {Threei}  argh
[09:31] {Threei}  ok... bounce cadidate now
[09:31] {Threei} Long Setup:  SLW  .60 break
[09:31] {Threei}  .50 now
Session Close: Wed Aug 10 09:31:49 2011

Session Start: Wed Aug 10 09:31:49 2011
Session Ident: #discussions
02[09:31] * Disconnected
02[09:34] * Attempting to rejoin channel #discussions
03[09:34] * Rejoined channel #discussions
[09:34] {Threei}  great moment to lose connection
[09:35] {Threei} Short Setup: RIMM  .50 break
[09:35] {nemo} oh well
[09:36] {Threei}  valid again
[09:37] {nemo} no worky
[09:37] {Threei}  no
[09:37] {pragmatic} I can see bid higher than offer
[09:37] {pragmatic} is it a glitch on my L2  I wonder
[09:38] {Threei}  switch servers... looks OK here
[09:39] {RonS} some commented last night on making bids/offers "through" the prices ticking
[09:39] {Threei}  not sure I understand
[09:40] {nemo} slw
[09:40] {Threei}  SLW is long on pullback now
[09:40] {Threei}  closer to .50 desirably
[09:41] {Threei}  getting away today...
[09:43] {RonS} mon
[09:43] {Threei} Short Setup: RIMM  .70 break
[09:44] {Threei}  1:1
[09:45] {Threei} Short Setup: SLW  .10
[09:45] {Threei}  1:1
[09:46] {dino} my watch list not seeing so much pain as mkt indicates
[09:46] {nemo} we've done what was normally a 1/2 a day in tna two weeks ago
[09:46] {dino} spy sm l .00
[09:49] {Threei} Long Setup:  SLW  .10 break
[09:49] {Threei}  and this one is not a scalp
[09:49] {Threei}  .95 stop
[09:51] {ese} morning
[09:51] {Threei}  ese :)
[09:51] {Threei}  no go
[09:51] {dino} stop spy -.30
[09:52] {pragmatic} can you trade spy as a regular stock ?
[09:52] {Threei}  sure
[09:52] {dino} rinsed
[09:52] {pragmatic} I though it is just an indicator
[09:52] {dino} symbol spy
[09:53] {RonS} spu is etf for .spx
[09:53] {RonS} spy
[09:53] {dino} spu=skypeople
[09:55] {Threei} Long Setup:  RIMM  .70 break
[09:57] {Threei}  no go
[09:57] {Threei}  messy morning
[09:57] {nemo} I have no charts whatsoever
[09:59] {pragmatic} neither do i
[09:59] {pragmatic} they look stale
[09:59] {nemo} numbers coming
[10:00] {larisa} MBT no T/S or charts all morning, only l2.
[10:00] {Threei}  laser's OK here
[10:01] {pragmatic} is anyone using Laser v2 ?
[10:01] {dino} app lod
[10:02] {nemo} volumes are huge
[10:02] {Threei} Short Setup: RIMM  .40 break
[10:03] {nemo} maybe I can trade around lunch if things slow down
[10:03] {dino} spy sm l .25
[10:03] {Threei}  not a scalp
[10:04] {Threei}  in aggressively
[10:04] {Threei}  stop .55
[10:05] {Threei}  looks like milk trade candidate to me
[10:05] {Threei}  potential day fixer
[10:05] {nemo} get out if it breaks .47
[10:06] {Threei}  oh well
[10:06] {Threei}  not my day
[10:07] {nemo} rumors soc gen going under
[10:07] {dino} out spy .60, +.35
[10:07] {RonS} heard that two days ago but maybe more credence now w/ the eur action
[10:08] {dino} symbol soc gen nemo?
[10:08] {RonS} frog
[10:08] {nemo} don't know
[10:09] {nemo} not traded here
[10:09] {Threei}  lol ron
[10:09] {RonS} frog.fr
[10:10] {dino} lod ndx
[10:10] {dino} new lows
[10:10] {Threei}  new leg down
[10:10] {RonS} dammit rimm
[10:10] {dino} well there goes yesterday
[10:10] {Threei}  friking RIMM
[10:11] {Threei}  rinsed
[10:11] {Threei}  knew it was a good one
[10:11] {Threei}  .430 Dow
[10:11] {Threei}  hello fall of 2008
[10:12] {Threei}  -430 that was
[10:12] {nemo} emphasis on "fall"
[10:15] {dino} spy sm l .75
[10:19] {Threei}  gutsy
[10:20] {dino} tension building
[10:20] {dino} big move coming, which way
[10:21] {Threei}  down, IMO
[10:21] {dino} swtop -.30
[10:21] {Threei}  bulls encouraged by yesterday must be smacked
[10:21] {nemo} http://finance.yahoo.com/news/Wholesale-inventories-rise-in-apf-960799902.html?x=0
[10:21] {dino} new lows
[10:22] {pragmatic} can anyone short RIMM ?
[10:22] {RonS} nemo, did ya see my morning message?
[10:22] {nemo} no, busy with the rabbit
[10:22] {RonS} gm, nemo you may be interested in reading this over the weekend:  http://www.vanityfair.com/business/features/2011/09/europe-201109
[10:23] {RonS} ...about the German national character and why they are involved in the Greek mess et al
[10:23] {nemo} they love to vacation there
[10:24] {RonS} so they can pay for it twice?
[10:24] {nemo} yep
[10:27] {dino} they want collateralized bonds so when default comes hgermany owns greece
[10:27] {Threei} Long Setup:  TZA  .10 break
[10:27] {Threei}  half lot
[10:27] {nemo} jeez
[10:28] {nemo} .00 vwap
[10:28] {dino} spy sm l .50
[10:28] {Threei}  I don'rt know what to say - it managed to do both 1:2 and stop withn a minute
[10:28] {Threei}  and is at 1:3 again
[10:28] {nemo} yeah, as I said, we've already done average daily volumes from july
[10:29] {Threei}  maybe it jjst feels this way but volatility seems to exceed the 2008 at the moment
[10:30] {dino} agree, fast
[10:30] {nemo} lot's more computers
[10:30] {dino} good point
[10:30] {dino} coh sm l .50
[10:31] {nemo} I'm looking at .50 decrements on my tna chart, usually looking at .20 this time of day
[10:32] {dino} vxx sm s .50
[10:32] {Threei}  mama
[10:32] {Threei}  look at TZA
[10:32] {nemo} jeez drop to .50 then up a buck on tna in a minute
[10:34] {dino} out spy .70, +1.20
[10:34] {dino} cov vxx .00, +.50
[10:35] {dino} out coh .80, +.30
[10:35] {Threei}  wow
[10:35] {Threei}  dino is killing it
[10:36] {dino} got lucky
[10:36] {Threei}  sure
[10:36] {Threei}  may I swap my luck for yours today?
[10:37] {dino} sure, we're all friends here
[10:38] {ese} stunning dino......right on
[10:39] {Threei}  TZA, I reiterate: mama
[10:39] {nemo} perhaps rwm/uwm instead
[10:41] {RonS} dino socgen is gle.fp
[10:41] {dino} thx
[10:45] {dino} hang on
[10:50] {dino} brk/b sm l .10
[10:52] {dino} stop -.3
[10:52] {dino} 3
[10:56] {dino} coh sm l .00
[10:57] {dino} ms sm l .75
[10:58] {Threei}  things quieted down a bit
[10:58] {ese} whats your trigger on these dino....what are you looking for
[10:59] {ese} still 10% dn
[10:59] {dino} yesterday supp on ms, coh quarters
[10:59] {dino} retail ok today
[11:00] {dino} ese the 10% is out, for now. everything is chaos
[11:01] {ese} ya.....i'll say it's chaos
[11:02] {ese} good on ya........your doin well
[11:02] {dino} ms at 2.5 yr lows
[11:02] {dino} coh, pvh, rl relatively strong
[11:03] {dino} ms stop is .47
[11:03] {dino} fcoh stop flat
[11:04] {dino} coh that is
[11:04] {dino} whoosh coming
[11:04] {Threei}  trying TZA again
[11:05] {Threei}  this just has to be another breakdown for SPY
[11:05] {dino} feels so
[11:05] {Threei}  in .70
[11:05] {Threei}  stop under .50
[11:05] {Threei}  aiming for 57.50 as final sale
[11:06] {Threei}  half out 57.02
[11:06] {Threei}  stop to .65
[11:06] {dino} vxx app hod
[11:07] {Threei}  ok, here we go
[11:07] {Threei}  move your butt TZA
[11:09] {dino} brk/b sm l .70
[11:09] {Threei}  oh well.... winning trade but not the full potential
[11:09] {dino} coh fooled me, held .00
[11:09] {Threei}  anyway, no complains about this one
[11:12] {dino} spy sm l .25
[11:16] {dino} out spy .giddy-up
[11:16] {dino} .65, +.40
[11:17] {dino} out brk/b .22, +.52
[11:28] {RonS} brb...taking break...from watching dino make money...
[11:31] {dino} ms, dgit, nav frozen
[11:35] {Threei} Short Setup: SLW  .10 break
[11:35] {Threei}  if stays under .20
[11:35] {Threei}  1:1
[11:37] {nemo} TLT
[11:38] {pragmatic} wow
[11:38] {pragmatic} good catch
[11:40] {ese} ya gotta wonder about Bernake and company these days......they are suppose to bring some confidence to the market place........hope there happy...lotta people loosing alot of money
[11:40] {Threei}  ese, they are short-sighted idiotsa
[11:40] {Threei}  they try to jawbone one-day market moves
[11:41] {nemo} Keynsians in an Austrian world
[11:41] {ese} no argument from me there
[11:41] {Threei}  instead of instilling confidence in long term economy developments by doing what needs to be done
06[11:41] * pragmatic wish I could stay more, but have to go to work :(
[11:41] {ese} ya lost me on that one nemo
[11:41] {Threei}  but they can't and won't do it, because they are ideologues
[11:42] {dino} luv that comment nemo
[11:42] {Threei}  ben devoted his life to studying Great Depression causes
[11:42] {Threei}  and is of firm opinion that fed hasn't printed enough money back then
[11:42] {ese} hmmmmmmmmmm
[11:42] {nemo} there are three basic philosophies on how "economics' function ese:  Keynesian, Friedman, Fisher/Austrian school (Hayek)
[11:42] {Threei}  so he swore not to repeat that "mistake"
[11:43] {RonS} ya need to read Freidrich von Hayek and Ludwig von Mises to understand ese...
[11:43] {Threei}  and tries to save the world by printing, printing and more printing, damn the inflation
[11:43] {ese} hmmmm ya ....haven't done that
[11:43] {Threei}  he is Keynesian
[11:43] {nemo} Keynesian philosophy is what big governments love, they don't need to be disciplined
[11:43] {Threei}  so is Obama
[11:43] {nemo} They go hand in hand
[11:43] {Threei}  sao things get worse and worse as they plug along
[11:44] {Threei}  because that's what keynesianism is about - use taxpayers money borrowed from tomorrow to plug the hole today
[11:44] {RonS} ...ese, those guys ran the finances of Austira when is was still a great country and witnesses the politicians run it into the ground
[11:44] {RonS} witnessed
[11:44] {ese} ok gotcha
[11:45] {dino} ese, read death of money
[11:45] {ese} by?
[11:45] {ese} forget it....will google
[11:46] {dino} forget, type it in at amazon, thats where i got mine
[11:46] {RonS} austians = belief in market w/ fewer problems and faster solutions...while agknowledging that their is an inherent business cycle w/ ups and downs
[11:46] {RonS} austrian
[11:46] {nemo} Having said that, the "pump priming" Keynes advocated was based on a country having surplus, or at least minimal debt
[11:46] {nemo} Austrian school is Taoist=Nature is Unkind
[11:47] {dino} i am more of a supply sider myself "lower taxes/regulations and get out of the way"
[11:47] {RonS} keynesian = belief that gay intelliginstia can impose grand solutions to mitigate or eliminate the business cycle
[11:47] {nemo} regulation=cost
[11:47] {RonS} sorry, but keynes was gay...
[11:47] {nemo} having said that, probably should have kept Glass/Steagall
[11:47] {nemo} so wasn't DaVinci
[11:47] {dino} roflol ron
[11:48] {nemo} all the Greek philosophers sat on both sides of the aisle
[11:48] {RonS} sounds like republicans and democrats
[11:48] {RonS} so i guess idiots can do that too
[11:49] {Threei}  why not... bees do it
[11:49] {Threei}  even educated fleas do it
[11:49] {nemo} I sense a Barney Frank joke coming
[11:49] {RonS} don't know why but am lol
[11:49] {Threei}  barney is your responsibility nemo...
[11:50] {Threei}  purely by residency
[11:50] {nemo} He's on the list
[11:51] {dino} whats barneys favorite pick up line?
[11:51] {nemo} told ya...
[11:51] {dino} can i push your stool in
[11:51] {nemo} that's a dangling preposition
[11:51] {nemo} "Can I push in your stool"
[11:51] {Threei}  janitor frowns
[11:51] {RonS} rotflol
[11:52] {Threei}  he doesn't like dangling prepositions
[11:52] {nemo} I'm not a fan of grammatical faux paus
[11:52] {Threei}  he dpoesn't like those either
[11:53] {dino} lol
[11:53] {ese} lol
[12:09] {dino}  darn coh is now green
[12:21] {dino} 114.70s resis from last assault
[12:34] {dino} spy sm l .00
[12:37] {dino} stop -.30
[12:51] {dino} iwm sm l .00
[13:37] {ese} someone trying to inpersonate me looks like
[13:38] {Threei}  lol
[13:40] {Threei}  market stalled again
[13:43] {nemo} probably breaks here
[13:44] {Threei}  which way?
[13:45] {nemo} north
[13:46] {dino} yes
[13:46] {Threei}  I'll take your wors for it, my record is spotty today
[13:54] {dino} out iwm .68, +.68
[13:55] {dino} too soon
[13:55] {Threei}  right you were
[13:56] {dino} my nose is bleeding, vad tagged me
[13:56] {Threei}  lol
[13:56] {Threei}  if I can't tag stocks today, I'l tag people
[13:57] {dino} out ms .11, +.36
[14:00] {dino} 07 all green
[14:04] {Threei}  President Barack Obama and his top economic advisors will meet with Federal Reserve Chairman Ben Bernanke later on Wednesday
[14:04] {Threei}  beer summit?
[14:05] {Threei}  golf?
[14:05] {Threei}  double date?
[14:05] {Threei}  now, read these two sentences below:
[14:05] {Threei}  1. Carney said the economy has been weaker than White House economists had expected.
[14:06] {Threei}  2. He said there was no expectation of another recession.
[14:06] {Threei}  in one breath, guy admits that their expectations were far from reality, and spews out another expectation
[14:07] {dino} and in reality he knows the sh*t is hitting the fan
[14:07] {nemo} going to 116.75
[14:07] {Threei}  very much so, but here is consoling thought:
[14:07] {Threei}  Obama and Treasury Secretary Timothy Geithner remain in close touch with European leaders about the ongoing financial tensions in the U.S. and the euro-zone
[14:08] {Threei}  oh good
[14:08] {Threei}  I was afraid they were not in close touch
[14:09] {larisa} what wrong with you ? :) even grumpier than usual..
[14:09] {larisa} +'s
[14:11] {dino} going green
[14:11] {dino} sm l spy .00
[14:11] {Threei}  well, on my winning days I try to keep trading and grumbling balanced... but on losing day, what else to do? :)
[14:11] {larisa} no way.. closing at lows :)
[14:13] {dino} ;)
[14:16] {dino} stop -.31
[14:17] {Threei}  Chaeron!
[14:18] {Chaeron1} shhh... I'm lurking
[14:18] {Threei}  ok
[14:18] {Threei}  never mind everyone, charon is not here
[14:18] {Chaeron1} heheh.... didn't want to interrupt all the hot, wild trading going on here...
[14:18] {dino} welcome back chaeron
[14:19] {Chaeron1} thanks dino... missed you guys
[14:19] {Chaeron1} you too larisa... (she's not a guy just in case you didn't know that)
[14:20] {Threei}  that's a comment likely to open big http://www.realitytrader.com/vad/canoworms.jpg
[14:21] {larisa} hi Chaeron :)  not a guy,  you are right :)
[14:22] {Chaeron1} hi there nice person... missed you most... you're not as mean as 3i
[14:22] {Threei}  now, that would be total disaster
[14:22] {larisa} ty :)
[14:24] {dino} spy rinsed
[14:55] {Threei}  TZA, want a pullback for entry
[14:55] {nemo} think you want to look tna around here
[14:56] {nemo} you're back to the breakout area on spy
[14:56] {nemo} imso
[14:56] {Threei}  depoends...
[14:56] {Threei}  I view it as downtrend starting
[14:56] {Threei}  so wsant a bounce to short into
[14:56] {Threei}  thus TZA pullback
[14:57] {nemo} does old resistance become support?
[14:57] {Threei}  desirably closer to 54.20 area
[14:57] {nemo} you have 61.8 retracement of July .10 low S2 monthly support, and VWAP between .35-.55 in spy
[14:57] {nemo} iwm pivot is .60 with vwap at .50
[14:58] {dino} idcc
[14:58] {Threei}  you are overwhelming me with smart things to take into consideration :)
[14:58] {nemo} sorry...that means I'm thinking again
[14:59] {Threei}  I am "see this tree - grab this ax - hit one with another"
[15:01] {nemo} this is where spy sinks or swims
[15:07] {nemo} spy pivot at .13, if it looks weak there, tza a possibility
[15:15] {Threei}  got the direction right, pullback was not deep enough
[15:18] {dino} larisa right
[15:19] {larisa} everything changes so fast, you could be right in 15 min :)
[15:19] {Threei}  yeah... I still rememvber hat carrot juice bet you won on last 20 seconds
[15:21] {dino} lol, but yeah, nobody knows
[15:30] {dino} brk/b sm l .25
[15:34] {dino} stop -.30
[15:34] {Threei}  lows get tested
[15:35] {Threei}  and will get broken
[15:36] {dino} spy sm l .50
[15:41] {dino} out spy .80, +.30
[15:52] {dino} going for -500
[15:52] {Threei}  brrrreakdown
[15:53] {nemo} and it still might end up being an inside day
[15:53] {nemo} ?
[15:53] {nemo} ;)
[15:53] {Threei}  well, yes
[15:54] {Threei}  yesterday's range was extreme
[15:54] {nemo} what strange times
[15:54] {Threei}  as abnormal as today's one is, yesteray's is still larger
[15:54] {nemo} yep
[15:58] {dino} dropped 350 pts in 45 minutes
[15:58] {dino} fubar markets
[15:59] {Threei}  amazing
[16:01] {dino} hmmmm. in any case, gotta hop. thx all
[16:01] {Threei}  thank you all
[16:01] {larisa} bye :)
[16:01] {Threei}  have a good evening, see you tomorrow

Aug 09 2011

Decent day with one stop and a few winning trades. We cut down on activity when the market stalled for a long while, then became extremely volatile after Feds promise to keep rates low for 2 more years. Thought of the day: http://t.co/AhKaQPD


Session Time: Tue Aug 09 00:00:00 2011
[09:08] {nemo} amazing...to be at these levels after the overnight futures action..unfrickinbelievable
[09:09] {Threei}  volatile times...
[09:25] {dino} gm all
[09:25] {larisa} gm :)
[09:25] {Threei}  dino, larisa :)
[09:27] {larisa} vad :)
[09:27] {RonS} gm everyone
[09:28] {Threei}  ron :)
[09:29] {Threei}  relief rally or whacking the mole
[09:29] {Threei}  challenge to etermine
[09:31] {nemo} spy and iwm opened exactly at their pivot points. coincidence, I think not
[09:31] {ese} mornin
[09:31] {Threei}  ese :)
[09:31] {Threei} Short Setup: SLW  .50 break
[09:31] {nemo} invalimudated?
[09:31] {Threei}  .70 now
[09:31] {Threei}  spread...
[09:32] {nemo} wow, spread
[09:32] {nemo} ;)
[09:32] {Threei}  valid now
[09:32] {nemo} too spready right now
[09:32] {nemo} for me
[09:32] {Threei}  no, narrowed
[09:32] {Threei}  and triggered
[09:32] {ese} L vale .59
[09:32] {Threei}  stop above .80
[09:32] {nemo} yeah, down to .05
[09:32] {Threei}  1:1
[09:32] {Threei}  wa .02 at the time
[09:33] {Threei}  was targeting RIMM .50 break that was waaay too fast
[09:33] {Threei}  1:2
[09:34] {Threei}  1:3, ourt
[09:34] {ese} stop to break even
[09:35] {Threei} Short Setup: RIMM  .40 break
[09:35] {ese} out 1/2 .80 +.21
[09:35] {Threei}  stop above .50
[09:36] {ese} to .69
[09:37] {ese} to .79
[09:38] {nemo} see offers at .50
[09:38] {ese} out in full .97 +.38
[09:38] {Threei}  wtg ese
[09:39] {ese} tks
[09:39] {ese} leavin for Denmark in 4 days and have stuff to do this morning need to get it done early
[09:40] {Threei}  meaning, you need to start drinking TODAY??
[09:40] {ese} hmmmmmmmm.....now that you mention ti
[09:40] {Threei}  die already RIMM
[09:42] {Threei}  stop to .46
[09:42] {Threei}  1:1
[09:43] {dino} going for gap fill
[09:44] {dino} filled dji
[09:46] {Threei} Short Setup: FCX  43 break
[09:47] {Threei}  invalidated
[09:50] {Threei} Long Setup:  LVS  .80 break
[09:50] {nemo} fast today
[09:51] {dino} pvh sm l .75
[09:51] {Threei}  ummm
[09:51] {Threei}  1:2... lol
[09:51] {nemo} was .93 when I got their
[09:51] {Threei}  get their faster... they hide theirs rapidly
[09:52] {larisa} I had it open, did not even have time to blink :)
[09:52] {Threei}  but yeah, that was near unobtainable
[09:52] {Threei}  blink?
[09:52] {Threei}  blink??
[09:52] {Threei}  who is blinking when trading??
[09:53] {Threei} Short Setup: FCX  .60 break
[09:53] {Threei}  stop above .70
[09:54] {Threei}  not a scalp this one
[09:54] {Threei}  1:1
[09:54] {nemo} my charts are'nt handling this
[09:54] {Threei}  hmmm... fine here
[09:54] {pragmatic} what is your platform nemo ?
[09:54] {Threei}  your computer or your connection
[09:54] {nemo} I've been having trouble for a few days now
[09:55] {nemo} quotes fine, charts out of sync
[09:55] {pragmatic} is that Laser ?
[09:55] {nemo} yep
[09:55] {pragmatic} charts suck on Laser
[09:55] {pragmatic} never in sync
[09:55] {nemo} yeah, but they usually work o.k.
[09:55] {Threei}  why mine are OK...
[09:56] {Threei}  1:2
[09:56] {nemo} don't know
[09:56] {pragmatic} I am rotating chart servers, that helps sometime
[09:56] {Threei}  stop .55 for the last part
[09:56] {larisa} Laser is the only one whose L2 is ok in these fast conditions, other brokers are really delayed..
[09:57] {Threei}  true
[09:57] {pragmatic} L2 is great, no complains
[09:57] {Threei}  now, how on earth do you have time for this when in trade?
[09:57] {pragmatic} I was out 1:1
[09:57] {nemo} not in it
[09:57] {Threei}  why not?
[09:57] {Threei}  it gave ample chance
[09:57] {Threei}  for entry
[09:59] {Threei} Short Setup: RIMM  .40 break
[09:59] {nemo} because my charts are so screwed up
[10:00] {dino} out pvh .83, +1.08
[10:00] {Threei}  you mean you don't even see a configuration on one minute?
[10:00] {Threei}  you don't need to see current candle's fluctuations to evaluate the setup
[10:00] {Threei}  lack of synch may cause this current vcandle not to move
[10:00] {nemo} the charts aren't right, can be .30 difference between chart and T&S
[10:00] {Threei}  but setup still should be easily visible
[10:01] {Threei}  and level 2/T&S do the rest
[10:01] {Threei}  wow
[10:01] {Threei}  that's not what happens here at all
[10:01] {Threei}  RIMM invalidated
[10:01] {pragmatic} was RIMM double-sided setup? The range was pretty narrow (5c)
[10:01] {pragmatic} oh my
[10:01] {Threei}  ummm... yes
[10:01] {Threei}  lol
[10:02] {pragmatic} new iRIMM ?
[10:02] {Threei}  market spike
[10:06] {dino} wtw sm l .27
[10:06] {pragmatic} what does wtw stand for ?
[10:06] {nemo} Weight Watchers
[10:06] {RonS} weight watchers...it is a stock
[10:07] {pragmatic} ok
[10:08] {RonS} hearing aol circuit halt
[10:09] {RonS} ...nah, trading now
[10:09] {Threei}  just resumed
[10:10] {Threei}  halted again
[10:10] {dino} stop wtw -.30
[10:18] {patience} good morning
[10:19] {Threei}  morning patience
[10:22] {nemo} lvs short?
[10:22] {Threei}  if you can get it
[10:22] {Threei}  unavailable here
[10:23] {pragmatic} shortable to me
[10:23] {Threei}  invalidated as a break, but may be as aggressive
[10:23] {Threei}  .20 break
[10:23] {Threei}  half lot
[10:24] {Threei}  how about that
[10:27] {Threei}  anyone took it?
[10:28] {pragmatic} LVS ?
[10:28] {Threei}  what else, lol
[10:29] {pragmatic} it jumped down too fast. I believe it was 1:1 almost right away
[10:29] {Threei}  well, it triggered first, slow enough
[10:29] {Threei}  THEN it jumped down for exiting
[10:30] {pragmatic} excellent call anyway
[10:31] {pragmatic} 39 would be a more conservative entry, but it reversed
[10:31] {Threei}  39 would have been a regular entry before invalidation
[10:31] {pragmatic} ok
[10:31] {pragmatic} RIMM is topping
[10:34] {pragmatic} X l .80 ?
[10:35] {Threei}  was
[10:38] {Threei} Short Setup: RIMM  23 break
[10:40] {Threei}  1:1
[10:46] {pragmatic} ty for RIMM btw
[10:47] {nemo} http://brokershandsontheirfacesblog.tumblr.com/
[10:47] {Threei}  yw
06[11:01] * pragmatic back to work. Happy trading :)
[11:01] {RonS} cya prag
[11:06] {RonS} dang dino, we shoulda been dogging panl...
[11:07] {nemo} oy, the visuals
[11:09] {dino}  yeah
[11:17] {Threei} Short Setup: RIMM  23 break
[11:17] {Threei}  deja vu
[11:25] {Threei}  no go
[11:25] {Threei}  first stop today
[11:40] {nemo} http://dailycaller.com/2011/08/09/did-rep-barney-frank-fart-on-live-tv/
[11:40] {RonS} oy
[11:44] {nemo} ow
[11:44] {nemo} http://www.azcentral.com/community/chandler/articles/2011/08/07/20110807cr-penisshot0811.html
[11:51] {ese} now that is funny........could be the out right winner of the Darwin Awards for ridding the gene pool of undesireable genes
[11:53] {Threei}  lol
[11:54] {ese} usually the criteria for winning the award is that your not suppose to survive
[11:57] {ese} although there have been winners who have survived.....the famous one ...story line"testosterone and Beer still don't mix" was a good one.....four guys out golfing...one guy decides he's going to clean his balls......climbs up on the ball washer and sticks his testiicles in...he slips and falls and tears them off there by ridding the gene pool of unwanted gen
[11:58] {ese} genes......he won the award that year
[11:58] {ese} funnier than hell
[12:44] {Threei}  looooong stall
[12:44] {Threei}  no see those for a while
[13:04] {nemo} tna .67
[13:05] {nemo} wow that sucked
[13:06] {nemo} partialed at .85 and got downdrafted to .51
[13:06] {Threei}  volatility is still nasty
[13:06] {nemo} that was the risne
[13:06] {nemo} rinse
[13:09] {Threei}  yeah
[13:09] {nemo} always one entry early
[13:53] {Threei}  crap
[13:53] {Threei}  missed TZA .15 long
[13:56] {Threei}  grrr
[14:17] {dino}   ,
[14:17] {RonS} fed taking 0 cue...late...
[14:18] {Threei}  statement by ben?
[14:19] {dino} not yet, late
[14:20] {Threei}  hmm?
[14:20] {Threei}  what the deuce
[14:21] {Threei}  is it 2012 already?
[14:21] {dino} what happened
[14:22] {Threei}  no clue
[14:22] {dino} s/p filled
[14:23] {dino} fed to keep rates low thru mid 2013
[14:24] {dino} sun drop
[14:24] {dino} and bounce
[14:24] {Threei}  are they insane?
[14:24] {Threei}  telegraph rate intentions for two years forward?
[14:25] {dino} just did
[14:25] {Threei}  yes... hence the question :)
[14:26] {dino} ;)
[14:26] {Threei}  promise of low rates normally lifted the market
[14:26] {Threei}  they counted on the same effect this time?
[14:26] {Threei}  and overdid it a bit, singaling lack of confidence instead?
[14:27] {Threei}  this is the only line of thought I have about this
[14:27] {nemo} wait...give it 15 minutes
[14:27] {dino} or europe is so messed up, first part of helping them
[14:41] {nemo} Wow
[14:41] {dino} wow -160
[14:41] {nemo} at least oil is down
[14:41] {dino} ndx filled
[14:42] {dino} broke yesterdays lows
[14:42] {nemo} tza is almost double tna
[14:42] {Threei}  oh boy
[14:42] {Threei}  now what?
[14:43] {nemo} throw the women and children overboard
[14:46] {dino} wtw sm l .75 jumpy
[14:46] {nemo} ballsy dino
[14:47] {dino} :D
[14:49] {dino} out .45, +.70
[14:52] {dino} 450 pt range day
[14:53] {Threei}  do you see any news for this last drop-spike?
[14:54] {dino} no
[14:54] {Threei}  whole lot of shot down nervous systems around, lol
[14:54] {nemo} and those are the HFT programs
[14:56] {Threei}  haha
[15:01] {Threei}  aheesh... look at oil
[15:02] {dino} wtw sm l .50
[15:07] {dino} out .tlt spike
[15:09] {dino} tbt 3 yr low
[15:10] {Threei}  no wonder
[15:11] {dino} wtw out .83, +.33
[15:13] {Threei}  Generic Republican continues his winning ways
[15:13] {Threei}  Generic Republican 46%, Obama 43%
[15:19] {Threei}  this is first time in a while I see buyers taking charge
[15:21] {dino} 07 all green
[15:31] {Threei}  http://t.co/AhKaQPD
[15:32] {nemo} sitting at the pivot on spy, that was likely the bottom for awhile
[15:47] {Threei}  strong into close too
[15:47] {nemo} this was the bottom
[15:47] {dino}  maybe so
[15:47] {Threei}  well... for now
[15:47] {Threei}  one green day bull market maketh not
[15:48] {nemo} no but that's a double bottom formation
[15:48] {Threei}  hmm?
[15:48] {Threei}  what time frame?
[15:48] {nemo} 15 minute, then on 4 hour you have double hammers
[15:49] {Threei}  I am not convinced
[15:49] {nemo} daily you havebullish configuration too
[15:49] {nemo} Me neither, just seeing what I see
[15:49] {Threei}  it's a beginning,b ut it's not completed bottoming formation
[15:55] {dino}  550 pt range
[15:58] {dino} going for 600 range
[15:58] {dino} crazy days
[15:58] {dino} "may you live in interesting times"
[15:58] {Threei}  we sure do
[15:59] {dino} i day is like a month of trading
[15:59] {Threei}  ok gujys, have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {dino} same here, gn all
[15:59] {Threei}  for another 600 pts

Aug 08 2011

As far as warnings go, the one from Friday was quite a timely one. We did great today, especially for an emotional day like this - 9 trades, 8 wins, 1 stop sized at 6 cents.


The trade below is based on following to continuing trend. Despite being up about 10 points at the moment, TZA still goes with trend (remember, TZA is inverse to the market so going long on it you effectively short the market). 14:23 long at 61:05 gave us fast and big move.

Session Time: Mon Aug 08 00:00:01 2011
[08:29] {nemo} http://twitpic.com/62r089
[08:33] {Threei}  lol
[09:14] {dino} gm all
[09:14] {Threei}  morning dino
[09:15] {Threei}  biounce hunt in mind?
[09:15] {Threei}  bounce
[09:18] {dino} yeah, things are strange, but everybody seems to be throwing the baby out
[09:18] {Threei}  true
[09:18] {Threei}  two things to be careful of,
[09:19] {Threei}  first strong emotional impulse that could push us lower
[09:19] {Threei}  and talk about Moody's downgrade coming
[09:19] {dino} imagine thats coming
[09:23] {Threei}  we are still above Fri lows though
[09:27] {Threei}  defnitely no trades at the open
[09:28] {Threei}  want to let first volaitility work itself out
[09:31] {dino} dgit beats and raises, crushed
[09:31] {dino} all news is bad
[09:31] {Threei}  typical for bear market
[09:32] {Threei} Long Setup:  RIMM  .50 break
[09:33] {Threei}  yeah right
[09:33] {Threei}  no slightest chance
[09:33] {Threei}  grrr... 1:2
[09:35] {dino} ppo sm l .31
[09:36] {Threei} Long Setup:  SLW  .40 break
[09:37] {Threei}  stop under .30
[09:38] {Threei}  1:1
[09:39] {Threei}  1:2
[09:40] {Threei} Short Setup: RIMM  23 break
[09:41] {dino} out ppo .33, +2.02
[09:41] {Threei}  wtg
[09:41] {dino} ty
[09:42] {Threei}  1:1
[09:43] {Threei} Short Setup: SLW  .45 break
[09:43] {Threei}  stop above .55
[09:47] {Threei}  1:1
[09:47] {Threei}  1:2
[09:47] {Threei}  1:3
[09:47] {Threei}  1:4, out
[09:49] {dino} gj
[09:50] {Threei}  3:3... on such morning
[09:50] {Threei}  and is anyone talking to me?
[09:50] {ese} morning.......checked the futures last night and knew it was definitely not my kind of day so I slept in......
[09:50] {Threei}  come on ese
[09:50] {Threei}  just for practice purposes if not actual trading... how ogten do you get such chance
[09:51] {dino} nothing s/p like losing 2.5%/day
[09:51] {Threei}  I am 3 fo3, and dino has made
[09:51] {Threei}  +2.02
[09:51] {Threei}  on a single trade
[09:51] {dino} wtg vad
[09:51] {dino} wtw holds well
[09:51] {ese} ya true........ya what the heck.......ok long everthing
[09:51] {ese} oh wait a minute........
[09:51] {Threei}  lol
[09:51] {ese} markets dn huge
[09:55] {dino} dndn sm l .51
[09:57] {Threei} Long Setup:  RIMM  .80 break
[09:59] {Threei}  invalidated
[10:01] {ese} well i'm outta commission......quotes from questrade are all buggared up
[10:01] {Threei}  no wonder
[10:03] {ese} back
[10:03] {ese} nope gone again
[10:04] {ese} must be 1987 again....or whenever the crash was
[10:04] {Threei}  nah
[10:04] {Threei}  not even close
[10:04] {Threei}  -200 Dow
[10:04] {Threei}  we had more just this last Fri
[10:06] {ese} ya ...i'm over exagerating
[10:06] {ese} trying to cause panic on the board
[10:06] {Threei}  panic? we are sound asleep
[10:07] {Threei}  have you ever seen sleeping people panicking?
[10:07] {Threei} Long Setup:  FCX  .40 break
[10:07] {Threei}  half lot
[10:08] {Threei}  aggressive entry for .50 break
[10:08] {ese} in
[10:08] {Threei}  want to add second half on .5stop under .300
[10:08] {Threei}  umm
[10:08] {Threei}  stop under .30
[10:08] {ese} .41
[10:08] {ese} ya
[10:08] {Threei}  want to add second half on .50 break
[10:09] {Threei}  stop to .35
[10:09] {ese} in
[10:09] {Threei}  half out here
[10:09] {ese} are we at .60
[10:09] {Threei}  yes
[10:09] {ese} out
[10:10] {Threei}  is it beauty of what
[10:10] {dino} gj
[10:10] {Threei}  Ron is missing great day
[10:10] {ese} cool .60 right on
[10:10] {patience} good morning, have i missed much?
[10:10] {Threei}  and jf, I will be teasing his about it for months
[10:10] {ese} man my quotes were behind
[10:10] {Threei}  morning patience
[10:10] {Threei}  4 for 4
[10:10] {ese} morning patience
[10:11] {Threei}  stop to .45 for second half
[10:11] {Threei}  ese, it's scary to trade such volatility with inferior broker...
[10:11] {ese} today it is
[10:11] {ese} sheesh
[10:17] {dino} crashing
[10:18] {nemo} 116.35 spy support, below that .114.50 area Oy frickin Vay!!!
[10:19] {Threei}  losing Fri support
[10:22] {dino} -3.17% s/p
[10:23] {Threei} Short Setup: RIMM  .60 break
[10:23] {Threei}  half lot
[10:23] {ese} i'm betting the daily candle  charts are going to be hammers by the end of the day
[10:24] {dino} dndn stop -.30
[10:24] {ese} this is a great way to wring out the system
[10:25] {Threei}  ese, is your newsfeed working normallly?
[10:25] {Threei}  assuming you use TTN
[10:27] {Threei}  stop to .66
[10:28] {Threei}  out
[10:29] {nemo} ese, dcc
[10:29] {nemo} and email
[10:29] {Threei}  hmmm
[10:29] {Threei}  ese, he wants somthing from you it seems...
[10:29] {nemo} wrong again vodka breath
[10:29] {nemo} speaking of...
[10:34] {Threei}  canadian dollar... what a beautiful sight
[10:35] {nemo} silver lining in the carnage..huh Vad?
[10:36] {Threei}  well... not being an investor, I don't view it as carnage
[10:36] {Threei}  but yeah, I understand what you mean
[10:36] {nemo} one man's exchange rate suffering brutal, complete market crash,merely a statistic...
[10:36] {nemo} I'm paraphrasing ;)
[10:36] {Threei}  I gathered as much, lol
[10:36] {nemo} good old Uncle Joe
[10:40] {ese} indiscriminate selling is whats going on here.....
[10:42] {ese} this is what your book is all about vad......the dummies who follow the crowd
[10:42] {larisa} looked at DJIA and it was 11111.11 for a mlsec :)
[10:43] {Threei}  missed that
[10:43] {Threei}  cool number
[10:43] {ese} almost 400pts dn
[10:45] {dino}  still looking for the old 10k hat
[10:51] {Threei}  29% Say Tea Party Members Are Terrorists, 55% Disagree
[10:52] {Threei}  argh Ron
[10:52] {RonS} gm...what a day to have computer problems...
[10:52] {Threei}  no kidding :(
[10:53] {Threei}  4 for 5, one 6 cents stop
[10:55] {Threei}  btw
[10:55] {Threei}  http://photography.realitytrader.com/2011/08/pallada-in-inner-harbour.html
[11:00] {RonS} hearing O tv at 1 edt...
[11:01] {Threei}  whodunit session?
[11:01] {nemo} you mean 0, don't you?
[11:02] {RonS} perfect...lol
[11:02] {Threei}  btw guys, Whistler conference program is finalized
[11:02] {Threei}  click on a banner on Realitytrader homepage
[11:02] {dino} great, he'll talk we'll drop another 300 pts
[11:02] {Threei}  lol dino
[11:02] {pragmatic} ski rental included ?
[11:02] {Threei}  hmmm... in Oct?
[11:03] {nemo} water skiing
[11:03] {pragmatic} :)
[11:03] {pragmatic} www.realitytrader.com
[11:03] {pragmatic} wrong window
[11:03] {Threei}  I'll say
[11:06] {RonS} quote of the day:  I just sued by parents for giving birth to me at a time where I would witness $AIG sue $BAC
[11:07] {Threei}  hehe
[11:09] {nemo} funny, I often say to friends who talk about their selfish ungrateful kids, and how exactly did they get here?
[11:10] {dino} ppo sm l .22
[11:10] {dino} flr sm l .10
[11:14] {ese} L ksws .84
[11:14] {ese} sm
[11:21] {Threei} Short Setup: RIMM  .50 b reak
[11:21] {Threei}  if stays under .60
[11:22] {dino} out ppo .07, +.85
[11:25] {Threei}  PPO is your ATM today
[11:27] {dino} so far
[11:30] {ese} L tds .51
[11:30] {dino} flr stop -.30
[11:31] {dino} zoll?
[11:34] {Threei}  1:1
[11:34] {Threei}  that's 5 for 6 today
[11:40] {ese} well done vad
[11:41] {Threei}  ty
[11:46] {dino} rumors big hedge fund caught short treasuries, ala long term capital mess
[11:56] {dino} flr sm l .76
[12:05] {dino} stopped again  done w/it
[12:10] {dino} rinsed
[12:15] {dino} lots of 52 week lows flashing
[12:16] {dino} mrx spike
[12:36] {Threei} Short Setup: FCX  .50 break
[12:37] {Threei}  1:1
[12:37] {Threei}  that's 6 for 7 today
[12:41] {dino}  gj today
[12:47] {ese} tds stopped .26-.25
[12:55] {Threei}  5 min till guess-who speaking
[12:55] {nemo}   0
[12:55] {RonS} - trillions
[12:56] {Threei}  meanies
[12:57] {Threei}  you have no hopey-changey in you
[12:57] {Threei}  in other words, you are hopelessly incorrigible
[13:02] {dino} pushed to 1:30 obamination
[13:03] {RonS} worse than a doctor...or should i say quack...
[13:04] {dino} he always makes you waut on him
[13:04] {Threei}  I reiterate: meanies
[13:11] {Threei}  look at RIMM daily
[13:11] {Threei}  raely do we see something so ugly
[13:11] {Threei}  chart that only RIMM's mother could love... if that
[13:34] {RonS} b'O'zo tv yet?
[13:36] {Threei}  no
[13:36] {Threei}  waiting for godor
[13:36] {Threei}  godot
[13:36] {dino}  dropping
[13:38] {nemo} knew that was coming Vad
[13:39] {Threei}  how?
[13:39] {Threei}  new breakdown is coming btw
[13:39] {nemo} no, "Waiting for Godot"
[13:39] {dino} lod
[13:40] {nemo} but expect spy bounce .40 area
[13:40] {Threei}  right... but how did you know my teenafer-times reading list
[13:40] {nemo} who said anything about that?
[13:42] {nemo} No bama?
[13:45] {RonS} one guess...chain smoking the kools big time
[13:45] {nemo} rasta-blunts
[13:45] {RonS} lol
[13:46] {dino} -4.75% today s/p
[13:47] {Threei}  -420 Dow
[13:47] {Threei}  and no slightest sign of selling stopping
[13:52] {dino} finally
[13:55] {nemo} taxx increases
[13:55] {dino} as usual
[13:56] {nemo} cue sound of toilet
[13:58] {nemo} Yahoo, down elevator
[13:59] {dino} -5%
[14:00] {nemo} -6
[14:00] {nemo} oh sorry
[14:00] {nemo} -$6
[14:03] {Threei}  ummm
[14:04] {Threei}  what did he say?
[14:04] {dino} not much
[14:04] {Threei}  I listened
[14:04] {Threei}  I am just not sure what he said
[14:05] {dino} same old bs
[14:05] {Threei}  ok guys
[14:05] {Threei}  bounce time it seems
[14:05] {dino} he has nothing new to say, he's in over his head
[14:06] {Threei}  watching TNA for entry on pullback
[14:06] {Threei}  half lot
[14:07] {Threei}  .20 break
[14:07] {Threei}  in
[14:07] {Threei}  .17
[14:08] {Threei}  stop under 42
[14:09] {Threei}  over 1:1
[14:10] {Threei}  half out .39
[14:13] {RonS} wow vix 42.6
[14:14] {dino} new lows
[14:15] {Threei}  wow
[14:16] {nemo} as 0 says, markets go up, markets go down
[14:17] {dino} real confidence inspiring
[14:18] {nemo} faz up almost $16
[14:18] {dino} -500
[14:23] {Threei} Long Setup:  TZA  .05
[14:23] {Threei}  half lot
[14:23] {Threei}  stop under .90
[14:23] {nemo} oh well
[14:23] {Threei}  1:1
[14:23] {Threei}  sigh
[14:23] {Threei}  1:2
[14:23] {Threei}  1:3
[14:23] {Threei}  lost count
[14:23] {nemo} hold on this is going another $1
[14:23] {dino} down about 1800 dji pts in 12 trade days
[14:25] {dino} feeling capit like
[14:25] {dino} -600 coming
[14:25] {dino} bingo
[14:30] {nemo} spy bottomed at S3 on the daily
[14:47] {Threei}  feels like one more pullback, no new lows and reversal to the upside
[14:56] {RonS} oil going sub 80...
[14:59] {dino} wow
[15:15] {Threei}  scenario plays out
[15:15] {Threei}  didn't really see entry
[15:15] {Threei}  there was one but volatility didn't really allow t shape up setup
[15:18] {dino} sat still here too
[15:18] {dino} one crazy-azz market
[15:35] {dino} gotta hop, gn all
[15:36] {Threei}  tae care dino
[15:36] {Threei}  not a boring day at all eh?
[15:36] {Threei}  and nemo promised us a boring summer - there, we have one fully excitng day
[15:36] {Threei}  worth whole summer {G}
[15:48] {Threei}  wow
[15:48] {Threei}  retesting low
[15:48] {Threei}  over 600 points again
[15:50] {ese} this is a wow
[15:50] {Threei}  quite happy with today's performance
[15:51] {Threei}  8 out of 9 on a day like today
[15:55] {Threei}  quite something
[15:55] {Threei}  ending near the lows
[15:56] {nemo} huge sell side imbalances
[15:57] {Threei}  bottom pickers get smacked
[15:57] {nemo} 2morow tna will be half tza wtf
[15:57] {Threei}  lol, no kidding
[15:58] {Threei}  amazing hoiw quickly yhey crossed
[15:58] {Threei}  ok guys and gals... have a great evening, tomorrow won't be boring euither
[15:58] {larisa} bye :)
[15:59] {patience} thanks vad