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

Aug 05 2011

Tougher day, as news headlines from Europe made action overly whippy. Wins and stops about balanced each other out, finished the day flat and the weer - nicely in green. Let me post this for all the readers:


http://www.facebook.com/RealityTrader/posts/156990777711752

Session Time: Fri Aug 05 00:00:00 2011
[08:30] {Threei}  *(US) JULY UNEMPLOYMENT RATE: 9.1% V 9.2%E
[08:30] {Threei}  *(US) JULY CHANGE IN NONFARM PAYROLLS: 117K V 85KE; CHANGE IN PRIVATE PAYROLLS: 154K V 113KE- Change in Manufacturing Payrolls:24K v +10Ke
[08:55] {Threei}  Ron?
[08:55] {Threei}  is it labor day yet??
[08:55] {Threei}  did I fall asleep for a month?
[08:56] {RonS} hi, well, when things change, you change...gm
[08:56] {Threei}  oh OK... just thought maybe I did miss a whole month
[08:57] {Threei}  welcome back
[08:57] {RonS} ty
[08:57] {Threei}  missed quite a week
[08:58] {RonS} yep, probably a murphy deal...things will get boring again...
[08:59] {RonS} but hey, you cannot hit home runs if you are not at the plate...
[08:59] {Threei}  but, can you hit home runs if you are home?
[09:00] {RonS} way to deep for so early...
[09:00] {RonS} too
[09:00] {Threei}  sorry
[09:00] {Threei}  back in my shell
[09:01] {nemo} You weren't gone long enough to miss
[09:01] {Threei}  lol
[09:01] {Threei}  aren't you glad you are back, ron
[09:04] {Threei}  8% Rate Economy Good or Excellent, 64% Say Poor
[09:17] {dino} gm all
[09:17] {Threei}  dino :)
[09:17] {larisa} gm :)
[09:17] {Threei}  larisa :)
[09:17] {larisa} vad :)
[09:28] {Threei}  first thought is short after initial spike
[09:29] {nemo} TLT
[09:30] {Threei} Short Setup: SLW  .40 break
[09:30] {Threei} Short Setup: RIMM  .90 brak
[09:31] {Threei}  SLW change to .50 break
[09:31] {Threei}  stop above .60
[09:32] {Threei}  RIMM no go
[09:32] {Threei}  SLW touched 1:1 but way too fast and I didn't have order in
[09:33] {Threei}  stop to .56 SLW
[09:40] {Threei}  (US) CEA's Goolsbee: Jobs number shows we must do more for the economy, not satisfied with the jobs number
[09:40] {Threei}  idiot
[09:46] {Threei}  RIMM rinsed
[09:49] {Threei} Short Setup: SLW  .90 break
[09:50] {dino}  ndx going to fill that open gap
[09:50] {Threei}  stop above 36
[09:50] {Threei}  grrr RIMM
[09:50] {dino} feels like dji, s/p too
[09:50] {dino} ndx filled
[09:50] {Threei}  1:1
[09:51] {ese} oh I am here........
[09:52] {Natali} gm:)
[09:52] {Threei}  lol ese
[09:52] {Threei}  natali :)
[09:52] {dino} s/p filled
[09:53] {Threei}  SLW 1:2, out in full
[09:53] {RonS} gj
[09:53] {Threei}  ugh, too soon
[09:53] {Threei}  but whatever
[09:53] {Threei}  RIMM irritated me
[09:54] {Threei}  very much too soon
[09:55] {Threei}  the toosoonest exit in quite a while
[09:58] {dino} exam sm l .00
[09:58] {Threei} Long Setup:  SLWQ  35 break
[09:58] {Threei}  SLW
[09:59] {nemo} we bounced off the 50% retracement from July lows 2010
[09:59] {Threei}  invalidated but hunting
[09:59] {dino} gaps in market, dji +12 to -.49 in seconds
[09:59] {RonS} wow
[09:59] {dino} trading like pulp
[09:59] {nemo} hemmrhoid pillow and a parachute day
[09:59] {Threei}  thanks for the visual
[10:00] {dino} ndx -1.5% already
[10:00] {dino} ppo sm l .35 gappy
[10:02] {dino} dndn sm l .01
[10:02] {Threei} Long Setup:  SLW  50 break
[10:02] {nemo} tna
[10:03] {Threei}  Euro vs US Dollar Dealers noting of a looming S&P US sovereign downgrade rumor circulating after the bell tonight
[10:03] {nemo} right
[10:04] {nemo} volatility is unnerving
[10:04] {Threei}  .35 stop
[10:04] {dino} fwlt sm l .40
[10:06] {Threei}  scratching half
[10:06] {Threei}  b/e, to keep risk down
[10:06] {dino} chk gap fill early july
[10:06] {dino} chdx drop
[10:06] {RonS} futes whipping like a puppy's tail
[10:06] {Threei}  1:1
[10:07] {dino} chk sm l .65
[10:08] {dino} going green
[10:09] {Threei}  EU) Germany budget advisor notes that officials in the EMU have ruled out increasing the size of the EFSF program - financial press
[10:09] {Threei}  - Feels that the current discussions going on, ignited by Barroso comments earlier in the week, are counterproductive
[10:09] {Threei}  unraveling before our very eyes
[10:09] {Threei}  SLW
[10:10] {Threei}  one more setup
[10:10] {Threei}  .50 break
[10:10] {Threei}  if stays above .40 this time
[10:10] {dino} out ppo .20, +.85
[10:12] {Threei}  wtg
[10:12] {dino} ty
[10:12] {dino} whippy sucker
[10:12] {dino} out dndn .30
[10:12] {dino} +.30
[10:12] {dino} opps .29
[10:15] {dino} lot of odd symbols, low vol showing up on .07, people selling out
[10:15] {Threei} Long Setup:  RIMM  .36 break
[10:16] {nemo} VWAP .45
[10:17] {dino} out chk .95, +.30
[10:17] {dino} damn too soon
[10:18] {Threei}  RIMM 1:1
[10:18] {dino} csh sm l .29
[10:19] {ese} am back......whole internet got cut off here
[10:20] {Threei}  seriously ese... with all the shaw offerings, speed and reliability I can't see why you stay with that crap you have
[10:20] {dino} resistance is futile
[10:20] {ese} I know........
[10:22] {nemo} I wouldn
[10:22] {nemo} 't resist 7 of 9
[10:22] {dino} lol
[10:22] {dino} out fwlt .70, +.30
[10:35] {Threei}  missed SLW this time
[10:41] {dino} ppo sm l .71
[10:42] {dino} out .02, +.31
[10:47] {Threei} Short Setup: RIMM  .20 break
[10:49] {Threei}  no go
[10:52] {dino} sohu sm l .75
[10:53] {dino} coh sm l .51
[10:55] {nemo} slw DB?
[10:57] {Threei}  can't tell
[10:57] {Threei}  RIMM... still feels like .20 break should work
[10:58] {RonS} gj sohu
[10:58] {dino} out sohu .71, +1.00
[10:58] {dino} opps, .96
[11:05] {RonS} hearing O tv...
[11:05] {Threei}  I don't see him
[11:06] {dino} csh stop -.50
[11:07] {Threei}  (US) CBO projects that Social Security spending as a portion of GDP will rise from 4.9% in 2010 to 6.1% in 2035
[11:07] {Threei}  lol
[11:07] {Threei}  2035
[11:07] {dino} o was speaking on veteran jobs issue
[11:07] {Threei}  there won't be any social security long before that
[11:07] {dino} going to raise the age to 70
[11:08] {dino} only solution
[11:09] {dino} ppo sm l .90
[11:12] {Threei}  and RIMM works like charm on second break
[11:12] {Threei}  asnyone went for it?
[11:13] {dino} ppo stop -.31
[11:15] {dino} fast fall
[11:15] {nemo} If we don't hold here 117.5 next
[11:16] {nemo} 117.75-85
[11:18] {nemo} tza crossed tna
[11:21] {Threei}  wow
[11:21] {Threei}  didn't tgake long since we spoke about that eh?
[11:21] {dino} nfg
[11:21] {nemo} nope
[11:22] {Threei}  btw ron, he IS on
[11:23] {Threei}  NFG is a tough one dino
[11:23] {Threei}  hatled
[11:23] {Threei}  National Fuel Gas Co Notes that a JV in marcellus shale region is unlikely- CEO: Our future growth prospects and the fact that were not capital constrained or up against a schedule of lease expirations sets a pretty high bar. As a result, while we have been relatively close with two different parties over the last two or three months, we ultimately chose not to consummate either of those particular transactions.
[11:24] {dino} thx
[11:25] {dino} chk sm l .50
[11:25] {dino} sohu sm l .98
[11:26] {dino} crazy day
[11:28] {dino} sheesh, -120 to -35 in  minute
[11:28] {dino} we are doing days in minutes
[11:28] {Threei}  a lot of nervousness out there
[11:28] {dino} indeed
[11:31] {RonS} CNBC said they did not make the seasonal adjustment in this jobs report.
[11:32] {nemo} and they have in every other?
[11:32] {nemo} what's the net net?
[11:32] {RonS} hiding the weenie...
[11:33] {dino} out sohu .46 ave, +.48
[11:34] {dino} put that away ron
[11:34] {dino} ugh sohu
[11:42] {nemo} got a funny feeling lower
[11:42] {Threei}  me too
[11:42] {Threei}  oanic is about to hit again
[11:42] {nemo} as if that would be some fantastic feat of prognostication
[11:43] {dino} roflol
[11:45] {dino} fwlt sm l .20
[11:45] {Threei}  TZA pullback
[11:45] {Threei}  watching for entry
[11:45] {Threei}  half lot, jumpy
[11:45] {nemo} wait until spy or IWM hits trend line if you can
[11:45] {nemo} imo
[11:45] {nemo} for what it's worth
[11:46] {Threei}  crasp
[11:46] {Threei}  -s
[11:46] {Threei}  =crap
[11:46] {nemo} my frickin charts screwed up again
[11:46] {Threei}  missed
[11:47] {nemo} my freestockcharts are betting than the LASER ones today wtf
[11:47] {dino} ndx -2% today, that 7% in two days
[11:48] {nemo} spy 117.69-.84 area for bounce
[11:48] {Threei}  argh
[11:48] {Threei}  can'
[11:49] {Threei}  t believe TZA got away
[11:49] {nemo} focus, regroup, get a grip (stop talking to yourself nemo)
[11:51] {dino} 117.85 held so far
[11:51] {nemo} bounced at .85
[11:54] {nemo} spy doesn't hold 117 area next
[11:54] {dino} sm l csh .72
[11:57] {dino} like a hot knife thru butter
[11:57] {dino} stop csh -.21
[11:58] {dino} -3.2% ndx
[11:58] {RonS} look wlt 2 yr daily...talk about lit up
[11:59] {dino} dndn sm l .00
[11:59] {dino} 40 pts in 3 days wlt
[12:03] {nemo} 2-4 will be reallyinteresting
[12:10] {dino} bottom will be in when bartiromo tells people on cnbc how to short
[12:11] {RonS} man is she looking bad or what?
[12:11] {dino} yea
[12:11] {Threei}  hmmm... I see a bald man
[12:11] {Threei}  is this how she looks these days??
[12:12] {Threei}  TZA
[12:12] {Threei}  watching for entry again
[12:12] {dino} sm l ppo .89
[12:12] {dino} 100 pt move two minutes
[12:13] {Threei}  look here
[12:13] {Threei}  (IT) ECB said to be prepared to purchase Italy and Spain bonds if Italy PM Berlusconi agrees to specific reform measures - financial press- ECB notes that Italy may be preparing to accelerate its welfare reforms and fiscal rules - REMINDER: Italys PM and Fin Min to hold a press conf at 13:00ET
[12:14] {Threei}  a whole lot of nervousness around europe happensings
[12:14] {Threei}  in TZA half lot
[12:14] {Threei}  .97
[12:14] {Threei}  sheesh
[12:14] {Threei}  out
[12:14] {Threei}  .30
[12:14] {Threei}  +.33
[12:14] {Threei}  mama
[12:14] {dino} think they have to buy them, then eventually spin them off as brady bond type
[12:15] {RonS} got ppo .95 to 58.46  thanks dino
[12:15] {Threei}  nice
[12:16] {dino} gj
[12:16] {dino} getting greedy here
[12:16] {Threei}  look at the speed of this thing
[12:16] {dino} going green dji
[12:16] {Threei}  scary to call, it moves faster than I can blink, let alone comment
[12:18] {dino} out ppo .65, +.67
[12:30] {ese} .
[12:32] {dino} took couple hours but out exam .35, +.35
[12:36] {Threei}  (US) White House Press Sec: Treasury Sec Geithner has been working very closely with European partners; Europe's trouble has impacted the US economy
[12:44] {dino} 300 pt range
[12:44] {Threei}  http://www.facebook.com/RealityTrader/posts/156990777711752
[12:45] {Threei}  lol, market just spiked on this peice of crap:
[12:45] {Threei}  (IT) Italy govt to announce it will speed up reforms - Sky News
[12:45] {dino} out fwlt .55, +.35
[12:48] {dino} out chk .00, +.50
[12:49] {dino} gotta hop for hour or so, be back around 2:00
[12:54] {larisa} I bet we will close RED :)
[12:56] {dino} +200
[12:56] {larisa} wow :)
[12:56] {nemo} 119.75ish
[12:57] {larisa} nem, this is not dramatic, pick -200 or +400 :)
[12:57] {larisa} nemo :)
[13:09] {Threei}  (IT) Italy Govt delays press conference by 30 mins to 17:30GMT (13:30ET)
[13:10] {Threei}  (EU) ECB spokesperson declines to comment on the press reports the ECB could purchase Spain and Italy bonds
[13:10] {Threei}  uh oh'
[13:11] {Threei}  if turns out whole hoopla was just to try and support the market, that will be the end to credibility of their "announcements"
[13:48] {Threei}  *(IT) ITALY PM BERLUSCONI: THE CURRENT SITUATION NEEDS COORDINATION BY MANY COUNTRIES; HAVE SPOKEN WITH EU LEADERS TODAY ON ITALY
[13:49] {nemo} that's the definition of a clusterfornication
[13:49] {Threei} Long Setup:  TZA  49 break'
[13:49] {Threei}  half lot
[13:50] {ese} days like this must drive you crazy on the board vad will goof balls like me not really interested in trading until i figure out whats going on
[13:50] {ese} with
[13:51] {Threei}  nah, I just sleep through it all
[13:51] {ese} lol
[13:53] {ese} speaking of whats going on........small relief rally then there she blows....down she goes
[13:53] {ese} thats what my money says
[13:54] {RonS} small = 46 spx points off low?
[13:54] {Threei}  well... most likely but one thing to keep in mind:
[13:54] {Threei}  Europe spews one news headline after another now
[13:55] {ese} ya
[13:55] {Threei}  and they have impact
[13:55] {Threei}  that's why yesterday was so much easier than today
[13:56] {ese} hmmmm
[14:04] {dino} .
[14:07] {Threei}  what a mess, lol
[14:08] {Threei}  no slightest idea where we are likely to end today
[14:08] {Threei}  guts says red
[14:10] {larisa} I already said that, so i win with ANY red :)  to beat me you have to say how red :)
[14:12] {Threei}  hmmm
[14:12] {Threei}  very red?
[14:12] {RonS} commie red?
[14:14] {dino} crimson
[14:14] {dino} altho sticking w/my +200
[14:16] {RonS} hey nemo, tommy james & the shondells...
[14:18] {nemo} what about em?
[14:19] {RonS} crimson & clover
[14:19] {nemo} ahhh
[14:19] {nemo} got it
[14:20] {dino} joan jett?
[14:21] {nemo} cover
[14:22] {RonS} eur ticking higher...
[14:49] {dino}   wtw bears raises, drops
[14:49] {dino} beats
[14:51] {dino} wtw sm l .96
[15:07] {dino} stopped -.32
[15:11] {dino} rinsed
[15:12] {dino} ost about 140 in hour
[15:12] {Threei} Long Setup:  TZA
[15:12] {Threei}  half lot
[15:13] {Threei}  51 break
[15:13] {Threei}  .80 break now
[15:13] {larisa} keep going :)
[15:13] {Threei}  .60
[15:13] {larisa} it so crazy today
[15:13] {Threei}  yes, intend to
[15:13] {Threei}  15 - 20 cents miniranges
[15:13] {dino} up 50 in minute
[15:13] {nemo} indexes going north to vwap no shorts
[15:14] {Threei}  .40
[15:14] {Threei}  stop under .25
[15:14] {Threei}  1:1
[15:20] {dino} wtw sm l .30
[15:21] {dino} wlt sm l .55
[15:31] {dino} out wtw .72, +.42
[15:33] {Threei} Long Setup:  TZA  51 break
[15:33] {Threei}  half lot
[15:36] {Threei}  valid again - if not losing .85 anymore
[15:36] {Threei}  in
[15:37] {Threei}  nope
[15:37] {Threei}  whippy day
[15:37] {Threei}  I liked yesterday and the whole week before that much more
[15:38] {larisa} will be funny if we shoot all the way to dino's +200 :)
[15:39] {Threei}  hard to imagine... but stranger things have happened
[15:39] {dino} just spiked
[15:40] {Threei}  (US) IBD/TIPP June Economic Optimism Index: 35.8 v 41.4 m/m (all time low) - press**Data not released at its scheduled time, unclear if embargo broken or if data is in error
[15:40] {dino} shorts need cajones if they hold over weekend w/europe meetings, imo
[15:40] {Threei}  so do longs, lol
[15:41] {dino} i'd rather be long
[15:55] {Threei}  OK, I believe it's time to take a rest from this tiresome albeit profitable week
[15:55] {larisa} bye :)
[15:55] {Threei}  today not so much, about even
[15:55] {Threei}  but the rest was rather fine
[15:56] {Threei}  have a great weekend guys
[15:56] {Threei}  see you on Monday
[15:56] {dino} cya
[15:56] {nemo} gn

Aug 04 2011

Not bad performance for such a horrifying day for the market... we usually do well on such negative days. Catch of the Day: http://on.fb.me/r84QwT


Also, let me share this "thought of the day": http://www.facebook.com/RealityTrader/posts/240089872692362


Session Time: Thu Aug 04 00:00:00 2011
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 400K V 405KE
[08:33] {nemo} wow 5 k less jobs does this
[08:33] {Threei}  hunger for good news
[08:36] {Threei}  gravity takes over again
[08:48] {Threei}  Rasmussen Poll:
[08:48] {Threei}  62% Would Vote to Replace Entire Congress
[08:54] {ese} morning
[08:54] {Threei}  ese :)
[08:55] {ese} the Church and State winery yesterday was awesome vad.......the predator bird demonstation was spectacular
[08:55] {Threei}  glad to hear you enjoyed :)
[08:56] {ese} boy did we.......you were really right when you said my kids would love it.....it was fabulous for them
[08:56] {ese} heck...for me
[08:56] {Threei}  :))
[09:03] {Threei}  bailout forever babay:
[09:03] {Threei}  Euro vs US Dollar Euro regains the 1.42 level as ECB leaves door open for additional gov't bond buying and chatter that ECB is currently buying peripheral debt
[09:19] {dino} gm all
[09:19] {Threei}  dino :)
[09:19] {larisa} gm :)
[09:20] {Threei}  larisa :)
[09:20] {larisa} vad :)
[09:21] {nemo} nasdrovya
[09:21] {Threei}  hmmm
[09:21] {Threei}  stick to english nemo... your russian sucks {G}
[09:22] {Threei}  new service by my ISP... 50 MBps download speed, 3 upload... an cheaper than old one
[09:23] {Threei}  watched yesterday 1 GB file downloading in 3 min
[09:24] {Threei}  with my jaw on the floor
[09:24] {pragmatic} from shaw ?
[09:24] {Threei}  yeah
[09:24] {pragmatic} I already signed up for that too.
[09:24] {pragmatic} they run out of modems though, so it is two weeks wait period
[09:25] {Threei}  they told me three, but I said mail it to me, and got it in 3 days
[09:25] {pragmatic} they are going to mail me as well. So you was just lucky
[09:26] {Threei}  do what I did
[09:26] {Threei}  call them separately
[09:26] {Threei}  ask about status
[09:27] {pragmatic} good idea
[09:27] {Threei}  you are speaking with another person,
[09:27] {Threei}  they have quite an organisational mess over there, with these modems flying out of shelves
[09:27] {Threei}  so next rep you speak to nods and puts you on top of the list, lol
[09:29] {dino} dndn blood
[09:30] {Threei}  yeah
[09:30] {Threei}  estimates are cut in about half
[09:32] {Threei} Short Setup: SLW  .50 break
[09:32] {Threei}  1:1
[09:35] {Threei} Short Setup: RIMM  .90 break
[09:36] {nemo} looking db on rimm
[09:36] {Threei}  1:2, out
[09:37] {Threei}  couple dojis with .90 support on RIMM
[09:37] {Threei}  good enough setup for me
[09:37] {Threei}  1:1
[09:37] {Threei}  out too soon on SLW, 1:4...
[09:39] {Threei}  awwww
[09:40] {Threei} Long Setup:  SLW  .90 break
[09:41] {Threei}  1:1
[09:44] {patience} good morning,how goes the market this week?
[09:44] {Threei}  market or trading?
[09:44] {patience} trading
[09:45] {Threei}  market is bloodied, trading goes well
[09:45] {patience} awesome
[09:46] {Threei}  you'd think it's good news:
[09:46] {Threei}  (IT) Italian Treasury said to have more than 60B in cash reserves, a larger balance than is generally believed - financial press
[09:46] {Threei}  but the next line is:
[09:46] {Threei}  - Note that the Italian Treasury's current cash reserves would be enough to cover the nation's needs for several months.
[09:46] {Threei}  lol
[09:47] {dino} joining the euro is killing them all
[09:48] {ese} interesting that
[09:49] {Threei}  was foretold right here for quite a while
[09:49] {Threei}  EU is dead man walking
[09:50] {dino} when you give up control of your currency you are dead
[09:50] {dino} capit day in making perhaps
[09:50] {nemo} which means the $ will fly, and exports go in the shitter
[09:50] {Threei}  monetary union without fiscal union is impossible
[09:50] {dino} agreed
[09:50] {Threei}  fiscal union is unrealistic without political union
[09:51] {Threei}  for political union there is not enough cohwesion in Europe, between different cultures
[09:51] {Threei}  so it's holding together on duct tape, until first crisis
[09:51] {nemo} I said that 20 years ago in a job interview...think it cost me the job
[09:51] {Threei}  or by force, as USSR was held
[09:53] {dino} exam holding today ese, still have some at 14.20
[09:54] {ese} ya noticed that
[09:54] {ese} am thinkin L here at .60
[09:55] {Threei}  15:24] {Threei} in the big scheme of things, I am not convinced by this bounce that the selloff is over
[09:55] {dino} like it
[09:55] {ese} in .61
[09:55] {dino} sohu sm l .02 ave
[09:55] {ese} me either vad
[09:56] {dino} mkt has switched to sell the rips from buy the dips, huh vad
[09:59] {Threei}  totally
[09:59] {Threei}  and for a good reason
[09:59] {dino} cyou green
[10:02] {dino} 07 all green
[10:03] {Threei}  now, in display of focusing on all-important things, they start discusssing what to discuss:
[10:03] {Threei}  (EU) Netherlands Fin Min: It is not meaningful to begin discussions regarding the EFSF or ESM
[10:03] {Threei}  - Reminder: Earlier the Germany Fin Min commented that it was unclear how discussing the EFSF and ESM issue would calm markets; focus needs to be on quickly implementing reforms and implementing decisions made at July 21st summit
[10:10] {Threei} Long Setup:  SLW  .50 break
[10:10] {Threei} Short Setup: RIMM  .40 break
[10:10] {Threei}  ugh, too fast
[10:10] {Threei}  watch for second chance
[10:10] {Threei}  SLW invalidated
[10:10] {larisa} switch back to slower internet :)
06[10:11] * pragmatic can't stop laughing (internet)
[10:11] {dino} lol
[10:11] {Threei}  I can... but what am I going to do with that lightening thought process... {G}
[10:11] {larisa} :)
[10:12] {dino} whoose coming
[10:12] {Threei}  you reminded me an ancient soviet joke larisa (I can hear Ron groaning)
[10:13] {Threei}  authorities stumbled of a man with striking similarity to Karl Marx
[10:13] {Threei}  and asked him to shave the beard, not to confuse people
[10:13] {Threei}  he said "I can shave the beard of course... but what am I going to do with all those thoughts??"
[10:14] {dino} fwlt sm l .75
[10:22] {dino} cyou sm l .08 pulp
[10:23] {dino} rumors a few big hedge funds blowing up
[10:39] {Threei} Long Setup:  SLW  .50 break
[10:40] {Threei}  invalidated
[10:46] {Threei} Short Setup: RIMM  .20 break
[10:48] {dino}  2252 ndx gap
[10:49] {Threei}  invalidated
[11:14] {dino}  2252 filled
[11:18] {dino} coh sm l .75
[11:22] {Threei}  watch RIMM for pullback under .10 for long entry
[11:23] {Threei} Long Setup:  SLW  .65 break
[11:24] {Threei}  stop is under .55 of course
[11:24] {Threei} Long Setup:  RIMM  .10 break
[11:24] {nemo} market dropping
[11:24] {Threei}  no go
[11:24] {Threei}  oh, news
[11:24] {dino} coh stop -.30
[11:24] {Threei}  (GE) Germany Bundesbank's Weidmann reiterates opposition to bond purchases from the ECB
[11:27] {ese} so much for making sure the debt ceiling is raised.........well done boys
[11:27] {Threei}  well, that spectacle was just that
[11:28] {Threei}  buty honestly, I am glad the spectacle took place
[11:28] {ese} certainly showed off the idiots who run the country......decisive group arn't they
[11:29] {Threei}  yes, but there was one more positive thing
[11:29] {Threei}  first time in USA history debt ceiling raise was not an automatic formal exercise
[11:29] {ese} ?
[11:29] {nemo} 122.40 November breakout level for SPY
[11:29] {nemo} .56 S2 support
[11:30] {ese} hmmmmmm....that is a good point actually
[11:30] {Threei}  and events signaled that the next time it will be even harder - unless something is done about US budgeting process
[11:30] {Threei}  so, the message is clear - start reigning those deficits or things will unravel
[11:30] {ese} indeed
[11:31] {Threei}  they can't agree on the ways to cut the deficits, sure,
[11:31] {dino} ley's hope
[11:31] {Threei}  ideology is very different
[11:31] {Threei}  one side wabts to tax success, other wants to take away unearned benefits
[11:32] {Threei}  both fight for their convictions
[11:32] {Threei}  but despite these differences, they finally found one thing in commen
[11:32] {Threei}  both undertand this can not continue forever
[11:32] {larisa} what you are talking about, they just waited as long as they could for O. 50 th birthday to make it their gift to him :)
[11:33] {Threei}  lol
[11:33] {Threei}  no worry, ben will give him QE3 as a birthday gift
[11:33] {larisa} :)
[11:34] {Threei}  and timmy will sing "happy borthday mister president" while making bedroom eyes
[11:34] {dino} yuk
[11:35] {Threei}  yeah... can I take that back? :)
[11:35] {dino} coh sm l .15
[11:43] {dino} stopped
[11:44] {Threei}  RIMM new 52 week lows
[11:46] {Threei}  isn't it horrible coincidence, that the man known for firm belief that Great Deprtession was caused by not printing enough money happened to be at the Feds helm when this recession came?
[11:47] {Threei}  SPY -4.15
[11:47] {Threei}  wow
[11:47] {Threei}  DJI -360
[11:47] {nemo} this is fun
[11:47] {Threei}  larisa, I don't suppose you want to bet on green close and let me win bacxxk that 6 pack of carrot juice?
[11:47] {nemo} Obama's porked
[11:48] {Threei}  if election were tomorrow...
[11:48] {Threei}  a lot of things can happen in a year
[11:49] {nemo} true, we're all dead right after the election
[11:49] {nemo} anyway
[11:49] {Threei}  you promise?
[11:49] {Threei}  I need to know for sure
[11:49] {Threei}  lest I adjust my aspending habits, then find myself with no single cent on Jan 1 2013
[11:49] {nemo} 12/21  8:00 pm
[11:50] {nemo} not sure if that's GMT though
[11:50] {Threei}  {--- adjust spedning pattern to run out of money and lines of credit 9 days earlier
[11:51] {nemo} pull a Steve Buscemi in Armageddon
[11:55] {Threei}  my interpretation of QE1, 2 and 3:
[11:55] {Threei}  when you kick the can down the road, both the can and road are still there, so you are back to the same problem when you catch up with that can - only the can is heavier, road surface is rougher and you are weaker. And sooner or later you run out of energy to kick it further.
[12:04] {dino} sohu sm l .77
[12:05] {ese} just keep ringing out the system.....would like to see the DOW down about 500............just get it over with
[12:05] {dino} yeah, this is water torture
[12:06] {ese} no kidding ....since what....february
[12:06] {ese} sheesh
[12:06] {dino} cyou sm l .12
[12:23] {dino} out sohu .49, +.72
[12:31] {Threei}  {--- wakes up and congratulates dino with nice trade
[12:33] {nemo} mmmhhhh slw .00 break????
[12:34] {Threei}  hmm
[12:34] {Threei}  toughie
[12:34] {nemo} drooped .90 invalimudated
[12:35] {dino} ty
[12:41] {dino} dgit green
[13:03] {dino}  out cyou .42, +.30
[13:07] {dino} mmi spike
[13:18] {Threei} Long Setup:  TZA  .85 break
[13:20] {Threei}  stop under .75
[13:20] {Threei}  no go
[13:32] {dino}   zzzzzzzzzzzzzzzzzzzzzzzzz
[13:47] {Threei}  another bout of selling
[13:47] {Threei}  no new news
[13:48] {Threei}  the most pleasant thing to see today is canadian dollar
[13:48] {Threei}  look at FXC daily
[13:48] {Threei}  and join with me in celebration
[13:53] {ese} i'm doin absolutely nothin.........i'll see ya all tomorrow
[13:54] {dino} cya
[13:55] {nemo} oil under 87 wtf...
[13:56] {dino} sm l sohu .53
[13:56] {Threei}  you complaining?
[13:56] {Threei}  I only complain that it's above 30
[13:56] {nemo} astounded
[13:57] {dino} cyou sm l .44
[14:08] {dino} out cyou ave .94, +.50
[14:13] {Threei}  watching for inversed C&H breakdown
[14:13] {nemo} tna bounce 57.85 area
[14:13] {nemo} spy .50-.58 area
[14:18] {Threei} Short Setup: FCX  .35
[14:19] {nemo} spy bounce coming
[14:19] {Threei}  nop[e
[14:19] {Threei}  breakdown first
[14:19] {nemo} yep
[14:20] {Threei}  almost 400 point Dow
[14:21] {Threei}  1:1
[14:22] {nemo} careful here
[14:26] {dino}  wow
[14:28] {nemo} yeah, watch them put in the circuit breakers on spy ;)
[14:29] {Threei}  reminiscences of 2008?? :)
[14:29] {nemo} not yet, we have to log in to a limit down
[14:31] {nemo} I remember I trialed that week...wow
[14:31] {nemo} In October I think
[14:31] {Threei}  good timing, lol
[14:31] {Threei}  baptism by fire
[14:50] {dino}  ppt stepping in
[14:50] {Threei}  lol
[14:57] {Threei} Short Setup: RIMM  .90 break
[14:57] {Threei}  stop above 24
[14:59] {nemo} tlt
[15:00] {patience} tsx down 402 points
[15:07] {dino} cyou sm l .29
[15:17] {dino} stop-.31
[15:17] {Threei}  76% Say Americans Becoming More Rude, Less Civilized
[15:17] {Threei}  huh? wtf do they mean??
[15:19] {dino} lol
[15:20] {Threei}  :)
[15:20] {Threei}  ok, selling or bounce into close?
[15:20] {Threei}  larisa?
[15:20] {Threei}  I say selling
[15:21] {larisa} I am not thirsty :)
[15:21] {Threei}  sigh
[15:21] {Threei}  no chance for me to get that 6-pack of carrot juice back
[15:28] {Threei}  feels like breakdown is coming
[15:28] {Threei}  again
[15:28] {Threei} Long Setup:  TZA  .85 break
[15:29] {Threei}  1:2
[15:29] {Threei}  that was easy
[15:30] {Threei}  all those on vacations will be green of envy when they are back and we tell them of all the easy money we collected
[15:30] {Threei}  out TZA in full
06[15:30] * Threei starts list of people to haunt - jf, ron, samire, ese, natali... who else?
[15:31] {Threei}  larisa... why oh why didn't you take my bet
[15:33] {dino} feels like breakdown? think its breaking down all day
[15:34] {Threei}  lol... meant anotyher one
[15:41] {dino} wow s/p -4% today
[15:42] {dino} thats an average year of gains
[15:42] {Threei}  in one day
[15:42] {Threei}  lol
[15:43] {Threei}  and another
[15:43] {Threei}  breakdown I mean
[15:43] {dino} bloody
[15:44] {dino} fast
[15:44] {dino} margin calls kicking in
[15:45] {dino} ese getting his -500 wish
[15:45] {Threei}  and he is not here to witness it
[15:49] {Threei}  time for a small bounce
[15:50] {Threei} Long Setup:  TNA  .85
[15:50] {Threei}  oops
[15:50] {Threei}  late
[15:50] {Threei}  I need even faster internet
[15:50] {Threei}  OK, valid again
[15:50] {Threei}  nope, not anymore
[15:51] {Threei} Long Setup:  TNA  .60 break
[15:51] {Threei}  half lot
[15:51] {Threei}  if holding above .454
[15:51] {Threei}  .45
[15:51] {dino} here we go, whoosh down
[15:51] {dino} ndx -100
[15:52] {dino} someone has got to be blowing up
[15:53] {Threei}  CNBC for instance?
[15:58] {dino} wow -4.8% s/p at lod
[15:58] {Threei}  over 500 points Dow
[15:58] {Threei}  I am impressed
[15:59] {nemo} 117.69 is yearly pivot on spy wtf
[15:59] {Threei}  nemo, lookie here:
[15:59] {Threei}  [15:17] {Threei} 76% Say Americans Becoming More Rude, Less Civilized
[16:00] {Threei}  bell
[16:00] {Threei}  yet selling continues
[16:00] {nemo} what's your point
[16:00] {nemo} ?
[16:00] {dino} .
[16:00] {Threei}  don't have one
[16:00] {Threei}  I am pointless
[16:00] {dino} mkts straight down 10% in two weeks. down 9 of 10 days
[16:01] {dino} i am looking for my dji 10k hat
[16:01] {Threei}  well... attention is back to EU, and EU is as disastrous as it was before focus moved to US debt ceiling debacle
[16:02] {Threei}  so... the show is over, back to usual programming
[16:02] {Threei}  ok guys, thank you, have a good evening
[16:02] {Threei}  see you tomorrow
[16:02] {larisa} bye :)

Aug 03 2011

Not a bad day with a few nice wins and one small stop. No trades after the morning rush though. No interesting charts either.

Session Time: Wed Aug 03 00:00:00 2011
[09:00] {dino} gm all
[09:01] {Threei}  morning dino
[09:02] {Threei}  so... selloff or bounce
[09:03] {dino} bounce
[09:03] {Threei}  feels so but with sizeable pullback at some point... and I want to catch that pulback :)
[09:03] {nemo} SPY Bull Market Trendline is 126.35
[09:04] {Threei}  btyw dino, you missed high drama last week - beer vs carrot huice between me and larisa,
[09:04] {Threei}  she bet on dionw move, I - on bounce, we defined targets
[09:04] {Threei}  market dropped 5 min before close for her,
[09:04] {Threei}  then bounced big right into my target
[09:05] {Threei}  and I prayed for closing bell
[09:05] {dino} lol
[09:05] {Threei}  but damn thing dropped into HER target - half min before close!
[09:05] {Threei}  she was saved by the bell, and I was killed by same
[09:05] {Threei}  lost a 6-pack of carrot juice
[09:06] {dino} don't think i've ever had carrot juice
[09:07] {Threei}  neither had I
[09:08] {Threei}  http://tradinglog.realitytrader.com/2011/07/jul-29-2011.html, look at 15:44 and further
[09:08] {dino} i suppose w/vodka its not bad
[09:09] {Threei}  could be but why would anyone want to waste good vodka {G}
[09:13] {ese} morning
[09:14] {Threei}  ese :)
[09:25] {Threei}  (EU) Euro zone is said to be considering making the EFSF a permanent entity - financial press
[09:25] {Threei}  lol
[09:26] {Threei}  bailout forever'
[09:27] {ese} what does that stand for EFSF
[09:27] {Threei}  financial stability fund
[09:27] {Threei}  read, bailout money
[09:30] {Threei} Long Setup:  TZA  42 break
[09:30] {nemo} oh shit
[09:30] {Threei}  stop under .85
[09:31] {Threei}  no go
[09:31] {nemo} i took tna .65
[09:31] {nemo} 1/2 .96
[09:31] {Threei}  nice
[09:31] {nemo} stop b/e
[09:32] {nemo} adding above .10
[09:33] {nemo} bought more .13 stop under .95
[09:33] {Threei} Long Setup:  TZA  .60 break
[09:34] {Threei}  1:1
[09:34] {nemo} all out
[09:34] {Threei}  wtg
[09:34] {Threei}  1:2
[09:34] {nemo} you 2
[09:34] {Threei}  mutual backslapping
[09:35] {Threei}  hey, don't break my back!!
[09:35] {nemo} hehehehe
[09:35] {Threei}  no one suggested slapping it with concrete pole!
[09:35] {nemo} that was my hand
[09:35] {nemo} you forget
[09:36] {nemo} SOB, should have held my original stop
[09:36] {Threei}  sigh... I need a portion of healing carrot juice...
[09:36] {nemo} Try healing vodka instead
[09:36] {nemo} important numbers 10
[09:38] {nemo} rimm wtf
[09:38] {Threei}  I don't see any news on it
[09:39] {pragmatic} bought rimm @ 29.94. Though exited too soon
[09:39] {Threei}  as long as it's not 29.97... :)
06[09:39] * pragmatic working on that
[09:40] {nemo} MOS might be setting up short
[09:41] {Threei} Short Setup: SLW  .50 break
[09:41] {nemo} damn, tried to get .53 before it dropped
[09:41] {Threei}  with limit .53??
[09:42] {nemo} so huge bid, tried to get it before it dropped
[09:42] {Threei}  here it is again
[09:42] {pragmatic} :)
[09:42] {pragmatic} there is always a second chance
[09:42] {Threei}  don't try to be cute, set real limits
[09:42] {nemo} no, there isn't
[09:42] {nemo} always a second chance
[09:43] {pragmatic} true actually. Ok, there is always a hope there would be a second chance
[09:43] {Threei}  no go anyway
[09:43] {nemo} got .58 hehehehehe
[09:43] {Threei}  .66 stop then
[09:44] {Threei}  above .41 candle
[09:44] {Threei}  9:41 I mean
[09:47] {nemo} 1/2 out .41
[09:47] {nemo} stop .61
[09:47] {Threei}  nice
[09:49] {Threei} Long Setup:  RIMM  .70 break
[09:49] {Threei}  target .95
[09:49] {Threei}  stop .65 for scalpers, .59 for normal people
[09:50] {pragmatic} Speaking of dead-cat bounces...  Research in Motion  shares are jumping 3% this morning after RIM released seven new Blackberry models, ending an agonizing wait
06[09:50] * pragmatic from news
[09:50] {Threei}  that 4:46 am news
[09:51] {pragmatic} yea, I am too late
[09:53] {Threei}  1:1
[09:56] {Threei}  1:2
[09:58] {Threei}  target hit
[09:59] {dino} cyou sm l ave .40
[10:00] {ese} L BKI 1/2 .75
[10:00] {Threei}  *(US) JULY ISM NON-MANUFACTURING COMPOSITE: 52.7 V 53.5E
[10:05] {pragmatic} just wonder why stock moves so fast around round numbers? Was trying to short SLW at .50, but it jumped right away to .47
[10:06] {dino} cyou stop -.30
[10:06] {Threei}  because many people traget those levels
[10:06] {ese} BKI stopped .47 -.27   damn ISM #
[10:17] {dino} lod
[10:20] {nemo} took tza .82
[10:21] {Threei}  wtg
[10:22] {nemo} had that collapsing feeling
[10:22] {nemo} took half at .30
[10:22] {Threei}  presage him failed not
[10:23] {Threei}  (US) Fitch analyst Riley: Fitch's assumptions on sovereign rating take into account GDP estimates at 2.5%
[10:23] {Threei}  - Reminder: Fitch yesterday affirmed the US's ratings at AAA, and called the debt ceiling legislation an important first step but not the end of the process towards putting in place a credible plan to reduce the budget deficit to a level that would secure the United States' 'AAA' status over the medium-term.
[10:24] {nemo} 1/4 more .72
[10:25] {dino} gj
[10:25] {nemo} stop under .48
[10:26] {nemo} check that .36
[10:27] {nemo} out .36
[10:28] {nemo} wanted the frickin' buck
[10:28] {dino} coh sm l .70 stop lod
[10:30] {Threei}  greed is good
[10:32] {dino} stopped
[10:32] {nemo} hah, tza bounced at the whole
[10:32] {Threei}  17% Say U.S. Heading In Right Direction
[10:33] {Threei}  that's drastic drop from traditional 27-28 number
[10:34] {Threei}  70% Believe U.S. Economy in Recession
[10:34] {Threei}  other 30% are in coma?
[10:34] {Threei}  RIMM
[10:34] {Threei}  want to abounce to short
[10:34] {dino} capit day in making
[10:34] {Threei}  want to find a bounce to short
[10:35] {Threei}  daily SPY is nothing short of wow
[10:35] {Threei}  what a cascade
[10:35] {Threei}  memories of 2008 fall
[10:35] {dino} we are back to sept 2010 levels
[10:35] {Threei}  fall as in both autumn and drop
[10:36] {dino} opps, wrong chart
[10:36] {Threei}  (EU) Luxembourg police said to be investigating a bomb threat near the city center - world press
[10:37] {Threei}  grrr
[10:37] {Threei}  was thinking of .10 RIMM short
[10:37] {dino} fast fall
[10:39] {Threei}  (EU) Greece Fin MIn: Recent developments in the Euro zone do not provide reassurance
[10:39] {Threei}  recent??
[10:41] {Threei}  clueless bunch of clueless imbeciles, cluelessly inching closer and closer to the edge of abyss with no clue how to avoid it
[10:41] {Threei}  correction:
[10:41] {Threei}  with no clue that it's unavoidable
[10:42] {Threei}  Just 22% Approve of Debt Ceiling Deal, Most Doubt It Will Cut Spending
[10:44] {dino} i think the greek fin. min, already knows a restructuring is coming, just threats to keep it moving
[10:45] {Threei}  yeah
[10:45] {Threei}  they new default would come in this or that form long before all that hoopla a month ago
[10:45] {Threei}  knew
[10:49] {dino} coh sm l .00 stop lod
[10:52] {dino} ppo sm l .5\2 stop lod
[10:54] {dino} out coh .60, +.60
[10:55] {ese} L exam .15
[10:56] {ese} check this one out dino......could br right up your alley
[10:56] {dino} ok
[10:57] {dino} i join you .20
[10:58] {ese} long as the spyders keep headin up were fine
[10:59] {ese} beat on revs and guided up slightly on revs   should help it
[10:59] {dino} out ppo .34, +.82
[11:01] {ese} very nice.....that was a excellent run
[11:02] {Threei}  wtg
[11:02] {ese} i want the same thing from exam
[11:02] {dino} ty
[11:08] {dino} fwlt sm l .52
[11:15] {ese} L kra .51
[11:16] {dino}  chk sm l .90 stop lod
[11:17] {dino} ndx green
[11:18] {ese} barely
[11:19] {Threei}  Bank of New York Company Inc Moody's affirms ratings for BK and JPM: outlook Negative following action on US Sovereign rating
[11:19] {Threei}  - The firms' supported ratings were confirmed at their current levels because the US government's rating was confirmed at Aaa and Moody's continues to believe that there is a very high probability that these institutions would be supported by the US government to avoid a default. The supported ratings have a negative outlook not only due to the US government's negative outlook, but also due to Moody's view that over time the likelihood that systemically important banks will be supported by the US government support could decline over time as the Dodd-Frank Act and other changes to the US banking system are implemented.
[11:20] {dino} out fwlt .02, +.50
[11:24] {dino} sm l sph .95
[11:25] {dino} pulp
[11:34] {dino} out sph .25, +.30
[11:52] {Threei}  coma
[11:53] {Threei}  deep
[11:56] {dino}   yeah, had a good run, but died
[12:03] {ese} opps my apologies was stopped out of KRA  long time ago at .26 -.25... just realised I forgot to post it
[12:27] {dino} bks spike
[12:32] {dino} kra sm l .52
[12:40] {dino} out kra .93, +.41
[13:12] {dino}  kra sm l .51
[13:22] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz nice one with kra dino......zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:23] {dino} quad drop
[13:23] {Threei}  here is something to make you wake up and laugh folks
[13:24] {dino} ty
[13:24] {Threei}  chinese publisher of Master Profit Plan says, they are ready to forward the translation to me in two months, so I can review it to establish authecity
[13:26] {dino} cool
[13:28] {Threei}  yeah but
[13:28] {Threei}  do I need to learn mandarin quicxkly?
[13:34] {Threei}  Harbin Electric Inc Responds to Citron research- CEO: "We are not really surprised by this most recent attempt by the short sellers to drive our share price down, Ever since the Company announced on June 20, 2011 that it has entered into a merger agreement for the Company to go private, management has been advised by many market professionals, including many of our highly supportive long-term investors, that attacks on the credibility of the Company would continue, and may even increase, in order to drive its share price down for the benefit of short sellers.
[13:34] {dino}  quad sm l ave .82
[13:43] {nemo} spy premarket high 126
[13:44] {Threei}  dino was right about bounce
[13:44] {nemo} needs 126.50 to gain pivot and Bull Market tend line
[13:45] {dino} green
[14:06] {dino} kra sm l .15
[14:07] {dino} stop -.25
[14:08] {dino} and rinsed
[14:21] {dino} quad stop
[14:25] {dino} kra sm l .01
[14:31] {dino} exam lod
[14:34] {dino} sm l .20
[14:43] {dino} idcc
[14:50] {dino} out kra .35, +.34
[15:23] {dino} crazy day
[15:24] {Threei}  in the big scheme of things, I am not convinced by this bounce that the selloff is over
[15:32] {dino} nor i, not really convinced either way. quite the beating, but euro and econ news terrible
[15:32] {dino} plus this latest govt fighting really discourages risk taking
[15:32] {dino} away drop
[15:33] {dino} sm l .02
[15:34] {dino} damn, entries are early on these this afternoon
[15:35] {Threei}  I can't time it all after morning trades
[15:39] {dino} sm l .25
[15:46] {dino} took all day, out chk .20, +.30
[15:47] {dino} out away .00, +.75
[15:47] {Threei}  very nice end to the day
[15:48] {dino} ty
[15:49] {dino} calling it a day, tee time in 40
[15:49] {Threei}  me too, although for a different reason
[15:49] {Threei}  thank you, havea great evening
[15:49] {Threei}  see you tomorrow
[15:49] {dino} :D
[15:49] {larisa} bye :)

Aug 02 2011

Very nice day for us with good trades, including the Catch of the Day below:

Session Time: Tue Aug 02 00:00:00 2011
[08:35] {Threei}  hmmm... what happened overnight?
[08:35] {Threei}  not that it looked peomising yesterday, but still, -1.50 SPY
[08:35] {nemo} nothing really
[08:36] {nemo} people realize, oh great they raised the debt ceiling, they're still broke
[08:36] {Threei}  no kidding - we decided to borrow mopre to pay interest on what we borrowed earlier
[08:36] {Threei}  horray
[08:37] {Threei}  hear that sound of can kicked?
[08:37] {Threei}  but hey, now we can return to our usual programming and focus on EU falling apart
[08:38] {nemo} I had to explain to my leftist college professor buddy that they really didn't cut anything
[08:38] {Threei}  decreased increase
[08:39] {nemo} yeah...and that usually works this way: decrease the increase then next year increase it again
[08:39] {Threei}  btw.. leftist college professor ?
[08:39] {Threei}  is there any othe kind?
[08:41] {nemo} yeah, at business schools, Naval Academy and West Point...actually late friend of mine who was a German professor always complained about the neo-marxists at Duke
[08:41] {nemo} so he wasn't
[08:42] {Threei}  well, ultimately I don't consider whole exercise totally useless
[08:42] {Threei}  fior the first time debt ceiling increase hasn't been automatic moving through the notion,
[08:43] {Threei}  it got attentin, caused a lot of awareness
[08:43] {Threei}  and the deal includes those triggers, whatever they are,
[08:43] {Threei}  and come next time, this is likely to be a hot potato once again
[08:43] {Threei}  so it's amove in the ight direction
[08:59] {ese} morning
[08:59] {Threei}  ese :)
[08:59] {ese} gm vad
[08:59] {Threei}  ese, look here
[08:59] {Threei}  http://photography.realitytrader.com/2011/08/rrrraptors.html
[08:59] {ese} my intelliScan acct runss out today .......may i please...pretty please have it renewed
[09:00] {ese} nice....where did you catch them
[09:00] {Threei}  church and state wines
[09:00] {Threei}  please dcc me the uername
[09:01] {nemo} well, guess this was just a morning stop hunt in the iwm
[09:01] {ese} have to try and remember my user name
[09:02] {Threei}  no, just look at that small wondow with green ball
[09:02] {ese} got it
[09:02] {Threei}  it's right there :)
[09:02] {dino} gm all
[09:02] {Threei}  dino :)
[09:02] {ese} ya was looking for my password....duh
[09:03] {Threei}  no need, username only
[09:04] {ese} your camera is something else.....the one with the bird in flight is cool
[09:04] {Threei}  ummm
[09:04] {Threei}  thanks but... go to your wife and tell her, that dinner was great, your pan must be great :)
[09:06] {ese} sure.....what am i getting myself into
[09:06] {Threei}  just make sure you run away befcore she reaches that same pan {GGG}
[09:07] {ese} morning nemo....dino....didn't see you all enter
[09:07] {Threei}  tool is important of course... but technique and skill matter more :)
[09:08] {dino} gm ese
[09:08] {ese} eeeeee ya
[09:08] {Threei}  look dcc again please ese
[09:23] {Threei}  not sure about opening trade yet, watching RIMM
[09:25] {nemo} hello
[09:25] {Threei}  hmmm
[09:25] {Threei}  hi
[09:31] {Threei} Short Setup: FCX  .80 break
[09:31] {dino} ppo
[09:31] {Threei}  invalidated
[09:34] {Threei} Long Setup:  SLW  .80 break
[09:34] {Threei}  invalidated
[09:34] {Threei} Long Setup:  FCX  .80 break
[09:34] {Threei}  in on pullback
[09:35] {Threei}  stop under .70
[09:35] {Threei}  1:1
[09:35] {nemo} too fast
[09:35] {nemo} ahh
[09:35] {Threei}  for what, entry or exit?
[09:35] {nemo} entry, just got it
[09:35] {nemo} oops
[09:35] {dino} nav sm l .50
[09:36] {nemo} well that's turning lemonade into lemons
[09:37] {Threei} Long Setup:  SLW  .70 break
[09:38] {nemo} .55 is pivot
[09:39] {nemo} frickin' rimm
[09:41] {Threei}  no go SLW
[09:43] {nemo} 200 ma on spy at .58 may want to go there.  leveraged index etfs
[09:44] {Threei} Short Setup: RIMM  .20 break
[09:45] {nemo} laser locked up
[09:45] {dino} 07 all green
[09:46] {Threei}  18 server OK
[09:48] {dino} gut says; "giddy-up"
[09:49] {Threei}  SPY daily does beg for bounce
[09:49] {dino} down 7 in row
[09:49] {Threei}  two of them quite extreme
[09:50] {Threei}  RIMM 1:1
[09:51] {dino} gj
[09:57] {nemo} if you think spy DT, tza pivot .76
[09:58] {ese} spyders going nuts
[09:59] {nemo} ?
[09:59] {ese} flury of activity there for about 20 seconds
[09:59] {ese} my T&S was going like heck on wheels
[09:59] {Threei}  just pace increase
[09:59] {Threei}  no big movement
[10:00] {Threei}  RIMM 1:2
[10:07] {dino}  coh sm l .02
[10:09] {dino} stop -.30
[10:09] {Threei}  1:3, over and out
[10:12] {nemo} [10:00] {ese} my T&S was going like heck on wheels
[10:13] {nemo} McCartney and Wings?
[10:20] {dino}  nav to .82
[10:23] {nemo} jcp
[10:26] {dino} out nav .90, +.40
[10:29] {dino} jcp odd
[10:33] {dino} jcp sm s .26
[10:39] {dino} stop -.26
[10:41] {Threei}  SLW...
[10:41] {Threei}  worth trying for break or not?
[10:41] {nemo} was
[10:41] {dino} rinsed
[10:41] {Threei}  gone while I pontificated
[10:44] {dino} coh rinsed too, that makes two
[10:47] {Threei} Short Setup: SLW  .60 break
[10:48] {Threei}  star thinking that break has better chance to turn a failure
[10:48] {Threei}  start
[10:51] {nemo} that volume bar was probably the key
[10:51] {Threei}  volume drops off on bounce
[10:52] {Threei}  if loses that .60, will be clean double top
[10:53] {dino} all red
[10:54] {nemo} ahhh, tried to get .64s
[10:55] {Threei}  there you are
[10:59] {Threei}  1:1
[11:01] {Threei}  played it?
[11:02] {nemo} dcc ese
[11:05] {dino} nav sm l .50
[11:05] {nemo} MOS
[11:06] {nemo} serious volume last minute
[11:08] {Threei}  Voters Favor Pay Cuts for Congress, President Until Budget Is Balanced
[11:08] {Threei}  uhhu
[11:12] {Threei}  BEXP
[11:13] {Threei}  getting interested in bounce
[11:14] {dino} odd cyber order failed nav
[11:14] {Threei} Long Setup:  BEXP  .40 break
[11:22] {Threei}  invalidated
[11:27] {dino} dgit sm l .01
[12:22] {dino}  .
[12:23] {dino} nav sm l .50
[12:23] {Threei}  what just happened?
[12:23] {Threei}  no news
[12:24] {dino} senate voting
[12:25] {Threei}  hmmm... anyone still doubted it would pass?
[12:32] {Threei}  *(US) SENATE GAINS ENOUGH VOTES TO PASS DEBT CEILING LEGISLATION
[12:37] {Threei} Long Setup:  TZA  .90 break
[12:40] {Threei}  invalidated but looking for another trigger
[12:41] {Threei} Long Setup:  TZA  .80 break
[12:43] {Threei}  not a scalp for me
[12:44] {Threei}  1:1
[12:45] {Threei}  1:2
[12:48] {Threei}  1:3
[12:48] {Threei}  and counting
[12:48] {Threei}  trailing
[12:48] {Threei}  1:4
[12:49] {Threei}  1:5, out
[12:49] {dino} wtg
[12:49] {Threei}  ty
[12:52] {dino} dji gap 11961
[12:53] {ese} nice one vad
[12:53] {Threei}  thanks
[12:53] {Threei}  cool play when everything comes together
[12:53] {Threei}  selloff feeling was in the air
[13:02] {dino} bounce time
[13:02] {nemo} spy basically bounced at quarterly pivot support, but .20 lower is the trendline going back to the 2009 bottom
[13:04] {dino} this market ever go up?
[13:04] {Threei}  ummm
[13:04] {Threei}  nah
[13:05] {nemo} .70 important but that trendline is coming up, I think .50 area
[13:05] {nemo} bottle of Grey Goose quacking at me
[13:05] {nemo} do geese quack?
[13:05] {Threei}  I just asked this
[13:06] {dino} sure
[13:06] {Threei}  they hiss...
[13:06] {dino} or honk
[13:06] {nemo} yeah, where I workout they tend to like to congregate...my friend won't let me shoot them
[13:07] {nemo} that saying, slippery as .... thru a goose...very appropos
[13:08] {dino} keep that stop tight as a goose' azz on water
[13:15] {nemo} spy at premarket low
[13:19] {dino} ppo sm l .26
[13:20] {dino} csh sm l .30
[13:55] {Threei}  new wave of seling
[13:55] {dino}  dji gap fill
[13:56] {dino} 2294, 2252 ndx
[13:56] {nemo} .40 trendline spy
[14:21] {nemo} spy bounced off the bull market trendline...what a surprise
[14:24] {dino} out ppo .89 ave, +.63
[14:37] {dino} coh sm l .08
[14:45] {dino} ppo sm l ..02
[15:11] {dino}  out ppo .42, +.40
[15:14] {dino} out coh .38. +.30
[15:20] {Threei}  Election 2012: Generic Republican 47%, Obama 42%
[15:24] {dino} lod
[15:24] {Threei}  and feels like more panic coming
[15:25] {Threei}  here it is
[15:27] {Threei}  (US) Fitch analyst Riley: Will not rule out revising US rating outlook to Negative by end of August; Downward revisions to US GDP have been worse than anticipated
[15:27] {Threei}  - Says affirmation of US ratings earlier today reflects economic outlook and the positive outcome from US debt ceiling agreement.
[15:27] {Threei}  - Says while the deal was a positive, more needs to be done to lower the deficit to support AAA rating.
[15:27] {Threei}  - NOTE: Earlier today: Fitch now expects to conclude its scheduled review of the U.S. sovereign rating by the end of August.
[15:29] {nemo} ADP tomorrow...down elevator anybody
[15:34] {Threei}  well
[15:34] {Threei}  there should be a bounce, and soon
[15:34] {Threei}  but I will miss it most likely, lol
[15:37] {dino} 8 in row dji, longest since 1980
[15:42] {Threei}  and look at this pressure
[15:44] {nemo} so, can we start talking about the TNA/TZA cross?
[15:46] {Threei}  hmmm
[15:46] {Threei}  interesting thought
[15:50] {Threei}  exits are crowded
[15:54] {Threei}  wow
[15:54] {Threei}  -3.15 SPY
[15:54] {Threei}  that's some selloff
[15:54] {dino} 2294 fill
[15:59] {dino} wow -2.6% ndx today
[16:00] {Threei}  impressive selloff
[16:00] {Threei}  OK guys, thank yuo all
[16:00] {Threei}  nice day for us
[16:00] {Threei}  havce a great evening, see you tomorrow
[16:02] {dino} gn all

Aug 01 2011

3 traders, 3 wins - all 3 were shorts and on the same stock. RIMM was our today's ATM. See the charts and some comments at our newly minted Facebook page.



Session Time: Mon Aug 01 00:00:01 2011
[08:58] {dino} gm all
[08:58] {Threei}  dino, welcome back
[08:58] {dino} ty, you must have had fun last week
[08:58] {Threei}  high drama
[08:59] {Threei}  but I am sure your fun was more plesant, lol
[08:59] {Threei}  watching biockering politicians is hardly my idea of good times :)
[09:13] {dino} .
[09:14] {Threei}  watching SLW and RIMM for short
[09:20] {larisa} gm :)
[09:20] {Threei}  larisa :)
[09:20] {larisa} vad :)
[09:22] {dino} csh spike
[09:22] {dino} bad print?
[09:23] {Threei}  looks so
[09:24] {ese} morning
[09:24] {Threei}  ese :)
[09:24] {ese} dino....welcome back
[09:24] {ese} morning bad
[09:24] {ese} vad
[09:24] {Threei}  whichever you feel is right
[09:24] {ese} lol....bad
[09:25] {Threei}  :)
[09:26] {dino} ty ese
[09:27] {ese} I see your meeting with the congressional leaders went well.....they came around to your point of view
[09:27] {dino} lol
[09:27] {Threei}  well, hea beat them with the club
[09:27] {ese} perfect
[09:27] {dino} played oyster bay/legends on thurs, shot 12 over, gators everywhere
[09:28] {Threei}  yeah, that's modenr politics for ya
[09:28] {nemo} shot 12 gators?
[09:28] {dino} lol
[09:28] {ese} nice......great track
[09:28] {Threei}  RIMM... lost .30 support befor opening
[09:28] {Threei}  watching for bounce to short
[09:28] {Threei}  SLW, need spread to tighten
[09:28] {ese} ha ha nemo
[09:31] {Threei} Short Setup: RIMM  .30 break
[09:32] {Threei}  if stays under .40
[09:32] {Threei} Short Setup: SLW  .90 break
[09:34] {Threei}  RIMM 1:1
[09:34] {Threei}  half out
[09:34] {Threei}  stop to .31
[09:34] {Threei}  1:2
[09:34] {Threei}  1/4 out
[09:34] {Threei}  SLW invalidated
[09:35] {dino} 07 all red
[09:36] {Threei}  RIMM stop to .25
[09:40] {Threei}  ok, time for SLW to remember gravity
[09:41] {Threei} Short Setup: SLW  37 break if stays under .10
[09:42] {Threei}  not a scalp
[09:43] {Threei}  capable of 1:4 at lweast
[09:43] {nemo} watch BBs
[09:43] {Threei}  bed and breakfast??
[09:43] {Threei}  last part RIMM stopped on trail
[09:44] {nemo} made me misse  entry
[09:44] {dino} sunh sm l .15 stop .97
[09:44] {Threei}  entry was before that remark :)
[09:45] {nemo} wanted above .10 this stop too big now
[09:49] {dino} going for open gap fill imo
[09:49] {Threei}  very much looks so
[09:50] {Threei}  out SLW balance
[09:50] {Threei}  wash for me
[09:50] {Threei}  didn't trail, wanted bigger move
[09:51] {nemo} .19 resistance, then .48
[09:54] {nemo} touched .49
[09:58] {Threei} Short Setup: RIMM  25 break
[09:59] {nemo} numbers in 2
[09:59] {nemo} 1
[10:00] {dino} not good? drop
[10:00] {Threei}  bad
[10:00] {Threei}  *(US) JULY ISM MANUFACTURING: 50.9 V 54.5E
[10:01] {nemo} weird, no quotes on rimm
[10:01] {Threei}  hmm?
[10:02] {nemo} when you called rimm, I switched to it, no LII numbers
[10:02] {ese} mine are working nemo
[10:03] {ese} so much for a green day
[10:03] {Threei}  1;1
[10:04] {Threei}  1:2
[10:05] {dino} gj
[10:06] {larisa} did it go to .80 on your screen? my quotes showed .83
[10:07] {Threei}  hit .80 - .81 quickly
[10:07] {Threei}  if you blinked, you missed it kind of speed
[10:09] {dino} unh sm l .05 stop .74
[10:13] {dino} unh stop
[10:25] {dino} www sm l .60
[10:32] {ese} L JAZZ .69
[10:33] {ese} out 1/2 .85 +.16
[10:34] {ese} balance to break even
[10:34] {ese} stopped balance .67 -.02
[10:35] {dino} gj
[10:35] {ese} tks......
[10:35] {ese} didn't think I was going to be trading this morning because I have a show for BC Days today
[10:35] {ese} 11 am
[10:36] {Threei}  St Anne's academy?
[10:36] {ese} yes
[10:36] {Threei}  lol... juts popped up on twitter
[10:36] {ese} busy weekend
[10:36] {Threei}  you can't hide these days
[10:36] {ese} lol
[10:36] {ese} no
[10:37] {dino} titn sm l .40 ave
[10:44] {dino} unh sm l .25
[10:55] {dino} unh stop -.16
[10:56] {nemo} wow, got a db there dino
[10:57] {dino} heathcare blood today
[10:58] {nemo} I actually have support at 47.53
[10:58] {dino} thx
[10:58] {nemo} below that 46.88
[11:20] {dino} sohu, beats and raises
[11:22] {dino} sm l .50
[11:25] {dino} stop
[11:31] {Threei}  thinking whether RIMM's worth another short
[11:31] {Threei}  things makes 52 week lows
[11:31] {Threei}  and looks like total zombie
[11:40] {dino}  11961 gap
[11:44] {dino} nav sm l .50
[12:01] {Threei} Long Setup:  TZA  .06
[12:05] {Threei}  invalidated
[12:11] {Threei}  dino.. regbretting yet returning from the vacation too early? :)
[12:13] {dino} lol
[12:14] {Threei}  jf, ron, samire and soon ese all deccided it was high time to take one :)
[12:14] {dino} was wondering where they were
[12:15] {Threei}  I am sure I forgot someone
[12:15] {dino} gut feel, big bounce coming
[12:15] {Threei}  every xay we get brief period of activity, then day-long stall or very slow move
[12:15] {Threei}  I think drop first
[12:16] {dino} u r right so far
[12:16] {Threei}  here comes TZA
[12:20] {Threei}  to give you an idea just HOW bored I was: I embraced social media, to keep myself busy
[12:20] {Threei}  http://www.facebook.com/RealityTrader?sk=wall
[12:20] {Threei}  tells you something?
[12:23] {dino} 270 pt range so far
[12:32] {Threei}  (US) House Minority Leader Pelosi (D-CA): Undecided about debt limit bill, due to concerns over lack of new revenues
[12:32] {Threei}  neverending drama
[12:39] {dino} yum sm l .25
[13:11] {Threei} Short Setup: RIMM  .50 break
[13:15] {nemo} hey dino, look where UNH bounced
[13:18] {dino}  nice
[13:47] {Threei}  well RIMM
[13:47] {Threei}  shall we dance?
[14:11] {Threei}  1:1
[14:11] {Threei}  this is third short on RIMM today, all three are winners
[14:12] {dino}  gj
[14:13] {Threei}  ty
[14:13] {Threei}  trading between falling asleep, lol
[14:14] {dino} yeah
[14:15] {dino} yum stop .35, +.10
[14:18] {nemo} agnc .10 level
[14:35] {Threei}  1:3
[14:43] {dino}   out sunh .45, +.30
[14:43] {Threei}  wtg
[14:44] {dino} lol, took all day
[15:09] {dino} dgit sm l .25
[15:21] {Threei}  slow but nice
[15:22] {Threei}  DGIT that is
[15:23] {dino} ty
[15:23] {dino} dji going green
[15:26] {Threei}  wven if it is... look how far we are from where we pened
[15:28] {dino} 2.5% intra day moves
[15:41] {dino} green
[15:45] {dino} out dgit .55, +.30\
[15:45] {Threei}  nice one
[15:47] {dino} ty
[15:52] {Threei}  ending in red after such stroing opening, however small that red is, not a good sign
[15:53] {Threei}  ok guys, thank you, have a great evening
[15:53] {Threei}  not bad day, looking forward to another boring but profitable one tomorrow
[15:54] {larisa} bye :)
[15:55] {dino} gn