Feb 12 2013

Interesting day for us - first one in almost 3 weeks where we haven't finished in black. Not unhappy with it though - we started with solidly red morning, and then methodically and carefully clawed our way back in to flat or just very slightly in red. Can't win them all so gotta make sure you handle losing days right - in cold blood, minimizing damage and making sure there is no lasting scars. Tomorrow is a new day. 

Session Time: Tue Feb 12 00:00:00 2013

[08:58] {dino} gm

01[08:58] {Threei}  dino :)

[09:06] {cipher} gm

01[09:07] {Threei}  cipher :)

[09:11] {Will49} gm

01[09:11] {Threei}  will :)

[09:14] {scottie} good morning

01[09:14] {Threei}  scottie :)

[09:14] {jdetente} gm

01[09:15] {Threei}  jd :)

[09:18] {patel} Good Morning!

01[09:18] {Threei}  patel :)

01[09:20] {Threei}  FB tries to recover from overnight hit

[09:29] {dptl} gm

[09:29] {ese} gm

[09:29] {ese} forgot to sign in almost

01[09:30] {Threei}  dp, ese :)

[09:30] {cipher} AMGN L.44

[09:31] {dino} rgr drop

[09:32] {cipher} out amgn .00 +.56

[09:32] {Will49} that's the way to start cipher

[09:33] {cipher} ty

[09:33] {dino} nice

01[09:33] {Threei} Long Setup:  CAT  .90 break hl

01[09:33] {Threei}  If holds  .80 

01[09:34] {Threei}  yeah... good luck ebtering that, lol

[09:34] {dptl} lol..ye no ebter

[09:35] {patel} definitely missed that one. 

01[09:35] {Threei} Short Setup: SLW  36 break

[09:35] {thomcbell} xone wow 

01[09:35] {Threei}  If holds  .10 

01[09:35] {Threei}  not a scalp

01[09:35] {Threei}  at least 1:2

[09:36] {cipher} gmcr l .60

[09:38] {cipher} out  .45 -.15

01[09:38] {Threei}  1:1

01[09:39] {Threei}  play by the book

[09:39] {nemo} 42.25 area for GMCR, doesn't bounce their 41.80-42 area

01[09:39] {Threei}  hopefully morning volatility doesn't shake out second half

[09:39] {nemo} there

01[09:39] {Threei}  there is good potential for it

[09:40] {nemo} finnies weak

01[09:40] {Threei}  OK

01[09:40] {Threei}  keep an eye on LVS for double bottom

[09:42] {dino} rgr hl s .20

01[09:43] {Threei} Short Setup: FB  .85 break

[09:43] {dino} cov rgr .91, +.29

01[09:43] {Threei}  If holds  .95 

01[09:47] {Threei}  LVS, ideally we get a flush to about .65 - .70, and get an entry point on .70 recross

01[09:49] {Threei}  FB, tighten stop to .91

01[09:49] {Threei}  not liking these SPY convulsions

[09:49] {dino} vmw sm l .00

[09:50] {scottie} damn fat finger, exited too soon

[09:51] {dino} cyno sm s .60

[09:52] {dino} cyno stop -.20

[09:53] {dino} rinsed, sob

[09:53] {cipher} wmv +.25 thxx dino

01[09:53] {Threei}  out

01[09:54] {Threei}  LVS bottomed at .71, not giving an entry

[09:54] {dino} out vmw .30, +.30

[09:54] {dino} np cipher, gj

01[09:54] {Threei}  *&(^%$#

[09:55] {jdetente} freakin FB

01[09:55] {Threei}  no kidding

[09:55] {patel} damn

01[09:55] {Threei} Short Setup: LVS  .80 break

01[09:55] {Threei}  If holds  .90 

[10:01] {cipher} WMV s .60

01[10:01] {Threei}  1:1let me reiterate: frikin FB

01[10:01] {Threei}  1:2

01[10:05] {Threei}  no go

[10:05] {dino} qlys sm l .25 gappy

[10:05] {patel} NOG s 14.75 

01[10:06] {Threei} Long Setup:  CAT  .40 break

01[10:06] {Threei}  If holds  .30 

[10:06] {dino} out qlys .55, +.30

[10:07] {cipher} cov wmv .50 +.10

01[10:10] {Threei} Long Setup:  BBRY  .85

01[10:10] {Threei}  If holds  .75 

[10:10] {dino} rgr hl hl s .54 ave

01[10:12] {Threei}  Invalidated  CAT 

01[10:12] {Threei}  for now at least

01[10:12] {Threei}  still liking chart for long

[10:12] {dino} cov rgr .29, +.25

01[10:14] {Threei} Long Setup:  CAT  .30 break

01[10:14] {Threei}  If holds  .20 

01[10:15] {Threei}  BBRY target 1:3

01[10:15] {Threei}  CAT too if triggers

01[10:18] {Threei}  CAT invalidated again

01[10:20] {Threei} Long Setup:  AIG  .90 break

01[10:20] {Threei}  If holds  .80 

01[10:21] {Threei}  somewhat lifeless market today

[10:21] {dino} rnf sm l .94

[10:22] {dino} cone sm l .00

01[10:23] {Threei}  one more invalidation

[10:24] {patel} LVS no go. 

[10:24] {dino} out cone .25, 

[10:24] {patel} rough start to the day. 

[10:24] {dino} +.25

[10:26] {dino} getting out rnf, no likey

[10:27] {dino} out ave .95, +.01

01[10:27] {Threei} Short Setup: CAT  .10 break

01[10:27] {Threei}  If holds  .20 

01[10:28] {Threei}  not liking this morning

[10:28] {jdetente} hell of a morning so far

01[10:28] {Threei}  then again, I liked every morning for the last 2 1/2 weeks... maybe it's just time

[10:31] {cipher} wmw s.88

[10:32] {cipher} cov .78

[10:34] {cipher} vmw s.81

[10:34] {ese} nothing like calmly making money still L akam .41 from yesterday

[10:37] {cipher} cov wmv.71

01[10:38] {Threei} Short Setup: TEX  35 break hl

[10:42] {ese} Dino?......am calling on your experience here....take a look the akam daily for me..huge uncalled for gap dn covering a gap dn and some......what kind of retracement will this do do ya figure.....not looking for anything specific ball park is good based on your experience

[10:43] {ese} back to say 39.......or maybe the whole shootin match 42

01[10:44] {Threei}  half out TEX

[10:44] {cipher} VRSK L.89

[10:47] {dino} ese, akam was a pretty good miss on earnings, theres the gap. but yes eventually it should fill.shoot for r2 36.02 to r3 36.40

[10:48] {ese} tks

[10:48] {Will49} tex scalp .11 txs 

[10:48] {scottie} LTD s .80 ?

01[10:49] {Threei}  can't tell LTD

01[10:49] {Threei}  yw will

[10:49] {cipher} tex +.15 thx

[10:49] {scottie} tks

[10:49] {Will49} bit of a grind todat :)

[10:49] {Will49} today

[10:51] {cipher} PANL  L.99

01[10:54] {Threei}  market should start some slide now

01[10:54] {Threei}  nothing dramatic but

[10:55] {dino} rnf sm l .30 stop .14

[10:55] {nemo} 31.60 support for panl

[10:56] {dino} cyno spikey

[10:57] {ese} vad did you get out to take some photos yesterday.........we were walking along Beach Drive here and there were some cool mist sceens happening

01[10:57] {Threei}  out TEX in full

01[10:57] {Threei}  .83

[10:57] {dino} rnf stopped

[10:58] {dptl} stopped cat

[10:59] {dino} rnf rinsed, happening a lot lately

01[10:59] {Threei}  aww, too soon, TEX

[11:00] {dptl} long spwr .92

[11:01] {dptl} stop under .80

01[11:01] {Threei} Short Setup: GDX  .80 break

[11:05] {thomcbell} fb looking for a short entry 

[11:07] {dino} last try rnf sm l .35

[11:07] {nemo} mpc looks short

[11:07] {dptl} gdx stop .85?

[11:08] {jdetente} why such a tight stop dp?

[11:08] {ese} vad you must be paying me back or have me on ignore......

[11:08] {nemo} looking like 30.80 it was on panl

01[11:09] {Threei}  sorry ese, scrolling up

01[11:09] {Threei}  no, haven't had a chance

[11:09] {ese} no need to appologise........can't count the number of times i've missed your posts

[11:09] {cipher} jbht l .66

01[11:09] {Threei}  why can't? 865 in last year alone, 132 this year

01[11:10] {Threei}  just ask

[11:10] {ese} on purpose of course..............ahhhhh.....I mean by accident

[11:10] {ese} lol

01[11:10] {Threei}  this I don't know, I don't have means to find that out... so I put them all in "on puprose, must be avenged" category

[11:11] {ese} lol

[11:11] {ese} indeed

01[11:11] {Threei}  GDX, give us a few cents more

[11:11] {cipher} out vrsk +.01

[11:12] {ese} awesome C

[11:12] {ese} those are sometimes the best cents you can earn

01[11:12] {Threei}  1:1

[11:12] {ese} 1/100 to 1 profit ratio

01[11:12] {Threei}  lol

01[11:13] {Threei}  out in full GDX

01[11:13] {Threei}  a bit too vertical

[11:13] {patel} nice job

[11:13] {patel} need a few more just like that. 

01[11:13] {Threei}  and want to secure some profit, to smooth out this rough morning

[11:14] {dptl} ye i am out too ty

01[11:14] {Threei}  yw

[11:14] {jdetente} thanks Vad

01[11:14] {Threei}  see ese... and you ignored this one again {G}

[11:15] {dino} out rnf .71, +.36

01[11:15] {Threei}  wtg

01[11:16] {Threei} Long Setup:  JPM  .10 break

01[11:16] {Threei}  If holds  49 

01[11:16] {Threei}  whoa FB

01[11:17] {Threei}  who pulled the rug?

01[11:19] {Threei}  ahha

[11:19] {ese} nah nah nah.......i was watching........

01[11:19] {Threei}  downgrade by soemone

01[11:19] {Threei}  with price target 22

[11:19] {ese} am more concerned with the akam slow climb

[11:20] {ese} making money the old fashion way.......earrrrnnnning it

[11:22] {cipher} out jbht .75 +.09

[11:23] {Will49} ese suggests Vad's way of making money is leading edge :)

01[11:23] {Threei}  lol

01[11:23] {Threei} Short Setup: FB  .80 break

01[11:23] {Threei}  hl

01[11:24] {Threei}  If holds  .90 

01[11:26] {Threei}  Invalidated  

01[11:27] {Threei}  btw ese, speaking of photography, look at this one I just finished: http://goo.gl/iH88d

[11:28] {dptl} spwr stopped....

01[11:28] {Threei}  that was weird trade to begin with dp

01[11:28] {Threei}  didn't like it one bit

01[11:32] {Threei}  ok JPM, time to do something

[11:35] {dino} tytgh drop

[11:35] {dino} tgh

[11:41] {dino} tgh sm l .80

01[11:41] {Threei}  JPM is in uncharted territory, dificult to assign a target

01[11:41] {Threei}  let's try for 1:2 for now

[11:42] {dino} out tgh .20, +.40

[11:44] {dino} wow, sold that too soon

01[11:50] {Threei}  GS moving up

01[11:50] {Threei}  let's see if it pulls our JPM

[11:56] {Will49} trailer hitch broke

01[11:58] {Threei}  got a rope?

[11:58] {ese} good line will

01[11:59] {Threei}  anyway. let's put stop at .04 now

[11:59] {Will49} :)

[11:59] {dino} tgh sm l .90

[12:02] {dino} idcc drop

01[12:05] {Threei}  taking .15 should launch us to 1:1

01[12:05] {Threei}  one of "patience required" trades

[12:06] {dino} idcc sm l .07

[12:06] {dino} tgh stop -.23

[12:09] {dptl} wlt long?

01[12:09] {Threei}  hear that chewing sound?

01[12:09] {Threei}  that's JPM, gnawing at .15

01[12:09] {Threei}  nah WLT

[12:10] {dptl} dont have money anyway just looking

[12:11] {dptl} you dont like that set up?

01[12:11] {Threei}  nope

[12:11] {dptl} that was .90 vbreak..why not?

01[12:12] {Threei}  look at the stock overall

01[12:12] {Threei}  what is it you like? 3 cents spread with tiny sizes?

[12:13] {dino} stop idcc -.17, taking a break

[12:13] {dptl} i see

01[12:13] {Threei}  it moves against you on someone's 1000 shares sale, you are down 15 cents before you can say mama

01[12:15] {Threei}  JPM, if you move with this blazing speed you might get blisters all over your skin

[12:16] {Will49} I've got a blister on my butt

[12:16] {Will49} from sitting watching jpm

01[12:17] {Threei}  try not to shuffle around so much?

[12:18] {dptl} vlo .65 short

[12:18] {dptl} ?

01[12:18] {Threei}  with .60 support this close, nah

01[12:18] {Threei}  if yuo want aggressive entry, take .70

01[12:19] {Threei}  at least you will have much tighter stop

01[12:19] {Threei}  with .65, you will have 10 cents stop and big IF in just 5 cents down

[12:20] {dptl} ok..i just watching for now.... till jpm clear some more funds for me

[12:20] {nemo} finnies walking a channel, expect spy and iwm to pop look for leveraged etf setup

06[12:20] * Threei sends Will a seat pillow

[12:21] {Will49} thank you sir!

01[12:21] {Threei}  very welcome

01[12:21] {Threei}  we are full service institution, you know

01[12:21] {Threei}  market calls, not funny jokes, summer parties...

[12:21] {nemo} u should be in an institution

01[12:21] {Threei}  I run it

[12:22] {Will49} we is the inmates

[12:22] {nemo} The 9th configuration

[12:22] {Will49} is that like district 9?

01[12:23] {Threei}  more like catch 22 in area 51

[12:23] {nemo} No, good movie from the 80's based on a Stephen King novel

[12:23] {Will49} i'll download it illegally

[12:24] {dptl} lol

[12:29] {dptl} tdc .30 short?

01[12:30] {Threei}  hl, lukewarm yeah

06[12:30] * Threei kicks JPM in the rear

[12:34] {Will49} will pulls pillow out from under butt and swats jpm

[12:34] {Will49} worked

[12:35] {Will49} just a little swat

01[12:35] {Threei}  again?

06[12:35] * Threei kicks JPM in the rear with heavy duty still toe army boots

[12:36] {Will49} I'm a nonviolent student trader

[12:36] {Will49} just use pillows

[12:37] {nemo} Oh Sorry, based on a William Peter Blatty novel...it's on youtube

[12:37] {nemo} http://www.youtube.com/watch?v=sZCcjzOeXlM&feature=youtu.be

01[12:38] {Threei}  not good will... lack of violence will significantly undermine your trading

01[12:38] {Threei}  1:1!

[12:38] {dptl} out half jpm

[12:38] {scottie} half out tks Vad

01[12:38] {Threei}  believe it or not

[12:38] {dptl} ty

01[12:38] {Threei}  but it did happen

01[12:38] {Threei}  and I was there

01[12:38] {Threei}  I saw it with my own eyes

01[12:39] {Threei}  ok... by the book... stop to .09, offering 1/4 at 1:2

[12:39] {scottie} This day starts to look better

[12:39] {Will49} steel toed boots and pillow trade

[12:39] {scottie} sounds like a porn movie

01[12:39] {Threei}  not dug out of the hole completely yet scottie, but moving in the right direction

01[12:40] {Threei}  lol

[12:40] {dptl} fslr .50 long?

[12:40] {nemo} excellent movie

[12:40] {Will49} tks nemo, will watch tonight

01[12:40] {Threei}  no, not likeling that setup at all

[12:40] {Will49} i love anything about redemption:)

[12:40] {dino} tyg sm l .34 ave

[12:42] {dptl} db .90 long?

01[12:43] {Threei}  dp

01[12:43] {Threei}  you have some kind of itch or what?

01[12:43] {Threei}  what's with trade after trade after trade?

01[12:43] {Threei}  all with very marginal setups?

01[12:44] {Threei}  there are about 10K stocks

01[12:44] {Threei}  it doesn't mean they all are suitable for trade or that you must trade all of the a day

[12:44] {dptl} hmm..just looking for the set ups 

01[12:44] {Threei}  you know very well how it ends when you start jumping from one to another, just to do something

01[12:45] {Threei}  most of those you look at have none

01[12:45] {Threei}  or have very low volume

01[12:45] {Threei}  or very narrow range

01[12:45] {Threei}  or too wide spreads and tiny sizes

01[12:45] {Threei}  be more picky

01[12:45] {Threei}  set your scanner p[arameters tighter

01[12:46] {Threei}  so it doesn't spit 10 alerts a minute at you

[12:46] {dino} wow, for a second there i thought you were talking to me (low vol, wide spreads)

01[12:46] {Threei}  :)

01[12:47] {Threei}  why didn't you ak about KBH a few min ago while it was consolidating under .50?

01[12:47] {Threei}  much better volume, much nicer setupm good risk

[12:48] {dptl} i see

01[12:48] {Threei}  look for this kind, drop all those weirdos

[12:48] {dptl} ok

[12:48] {Will49} or off to Siberia you go

01[12:48] {Threei}  no, I am not that cruel

01[12:49] {Threei}  he didn't even live in Winnipeg

[12:49] {Will49} close!

01[12:49] {Threei}  no survival skills for Siberia

[12:49] {dino} dp, for most part noon until 1 pm est sucks for trades

[12:52] {nemo} hah, love this:  "One of the tests is they make you dive to the bottom of a pool and tie five knots," the Shooter says. "One guy got to the fifth knot and blacked out underwater. We pulled him up and he was, like, dead. They made the class face the fence while they tried to resuscitate him. The first words as he spit out water were 'Did I pass? Did I tie the fifth knot?' The instructor 

[12:52] {nemo} told him, 'We didn't want to find out if you could tie the knots, you asshole, we wanted to know how hard you'd push yourself. You killed yourself. You passed.'"

[12:52] {dino} lol

01[12:52] {Threei}  sheesh

01[12:52] {Threei}  lol

[12:55] {nemo} love this part too: It is important to him to stress that no women or children were killed in that raid. He also insists that when it came to interrogation, repetitive questioning and leveraging fear was as aggressive as he'd go. "When we first started the war in Iraq, we were using Metallica music to soften people up before we interrogated them," the Shooter says. "Metallica got wind of 

[12:55] {nemo} this and they said, 'Hey, please don't use our music because we don't want to promote violence.' I thought, Dude, you have an album called Kill 'Em All.

01[12:55] {Threei}  heh

01[12:56] {Threei}  decide if you want to sell second half at 1:2 or 1/4

01[12:56] {Threei}  very hard to tell how big of a chance it has to proceed to 1:3

01[12:56] {Threei}  so, how about this:

01[12:57] {Threei}  if selling half makes you flat for the day, do it,

[12:57] {nemo} frickin' VXX just dying

01[12:57] {Threei}  if not yet, sell 1/4 and push for more,

01[12:57] {Threei}  after all we are playing with house money on this trade now

01[12:58] {Threei}  by the way guys, a suggestion and a question

01[12:58] {Threei}  that last week discussion about money management and blog post on it that I linked later on,

01[12:59] {Threei}  do make sure that you read the whole set of articles in the blog, they highlight various aspects of trading approach that we use regularly but rarely discuss,

01[12:59] {Threei}  simply because I take it for granted

01[12:59] {Threei}  and assume that you read the whole thing

01[12:59] {Threei}  so make sure you did.

01[13:00] {Threei}  Now, question

01[13:00] {Threei}  if there are some aspects that require detailed discussion and I failed to write anything about it, point them out

[13:02] {ese} dino.......you were right about it pausing AKAM that is at 36.42

01[13:02] {Threei}  KBH... sheesh

01[13:02] {Threei}  why did we miss this one

[13:02] {ese} still looks like it has room to go though

[13:03] {ese} nice move kbh

[13:03] {ese} 52 week high of some sort vad?

01[13:04] {Threei}  yeah

[13:06] {nemo} like this one:  Even in action, with all their high state of expertise and readiness, "we're normal people. We fall off ladders, land on the wrong roof, get bitten by dogs." In Iraq, a breacher was putting a charge on a door to blow it off its hinges when he mistakenly leaned against the doorbell. He quickly took off the charge and the target opened the door. We were like, "You rang the 

[13:06] {nemo} fucking doorbell?!" Maybe we should try that more often, the Shooter thought to himself.

[13:10] {dino} nemo, what are you reading from?

[13:11] {nemo} http://www.esquire.com/features/man-who-shot-osama-bin-laden-0313-1

[13:11] {dino} thx

[13:11] {nemo} looking at the daily this market climb is so consistent and moderate

[13:13] {dino} idcc drops again

[13:13] {dino} tyg dog out .29 -.05

[13:14] {dino} idcc sm l .34

[13:15] {dino} stop is lod break

[13:16] {nemo} On the third floor, there were two chicks yelling at us and the point man was yelling at them and he said to me, "Hey, we need to get moving. These bitches is getting truculent." I remember saying to myself, Truculent? Really? Love that word.

[13:16] {nemo} Read more: Man Who Killed Osama Bin Laden - Treatment of Veteran Who Shot bin Laden - Esquire http://www.esquire.com/features/man-who-shot-osama-bin-laden-0313-5#ixzz2Ki65zMyi

01[13:16] {Threei} Short Setup: CLH  .70 break hl

[13:16] {dino} stop idcc

[13:16] {dino} taking break

[13:20] {dptl} i have a ?

[13:22] {dptl} how that CLH is different from DB regarding low volume and thin?

01[13:22] {Threei}  volume is low

01[13:22] {Threei}  look at sizes, it's not that thin

01[13:22] {Threei}  with half lot it's tradeable

[13:23] {dptl} DB sizes are looks almost the same to mee

01[13:23] {Threei}  spread is generally better, gap between levels is tighter

01[13:23] {Threei}  you don't see how much more dense level 2 is on CLH vs DB?

[13:24] {dptl} no not really

01[13:24] {Threei}  come on

01[13:24] {Threei}  place them side by side

01[13:24] {Threei}  you can drive a truck through DB level 2

[13:26] {dptl} hmm..is there somethingi don't see?

[13:27] {ese} well i never..........just cause i don't say anything it cuts me off

[13:28] {ese} igotta go anyway.........one heck of a good day with AKAM.....cya tomorrow

01[13:28] {Threei}  take care ese, gj

[13:28] {ese} tks vad

01[13:32] {Threei}  1:1

[13:33] {scottie} How did you get in ? On my T&S it jumped from .70 to .67 and then to .65 ?

[13:33] {jdetente} yeah no fill for me on that one either

01[13:33] {Threei}  there were .69 prints

01[13:33] {Threei}  got 200 there, and 100 at .70

[13:33] {patel} I didnt get filled either. 

[13:34] {Will49} nor i

[13:34] {Will49} too thin?

01[13:35] {Threei}  yup

01[13:36] {Threei} Short Setup: DG  .15 break

01[13:39] {Threei}  (FR) France Foreign Min: We are in need of a FX policy, strong Euro is hurting the economic recovery

01[13:39] {Threei}  yes komrad

01[13:40] {Threei}  White House: Obama spoke to South Korean President Lee Myung-bak; both condemned 'highly provocative' North Korea test

01[13:40] {Threei}  North Korea - oh you spoke to each other? How nice

[13:41] {nemo} Oh this is good I guess opinions on marriage are universal:  We listened to the Al Qaeda phone calls where one guy is saying, "We gotta find out who ratted on bin Laden." The other guy says, "I heard he did it to himself. He was locked up in that house with three wives." Funny terrorists.

01[13:41] {Threei}  Kate Upton on CNBC after commercials... and they say CNBC is useless

[13:41] {scottie} DG stop .22 ?

01[13:42] {Threei}  torn between that and .26

01[13:44] {Threei}  KPM baby

01[13:45] {Threei}  J

01[13:45] {Threei}  hmmm... did Ijust call one of the most hated banks "a baby?"

[13:45] {scottie} lol

01[13:45] {Threei}  I am so doomed

01[13:47] {Threei}  ok, let's keep .22 on DG

01[13:47] {Threei}  just to play it tight

01[13:47] {Threei}  good boy JPM

01[13:47] {Threei}  I mean bad boy but good move

01[13:48] {Threei}  good move by bad boy

01[13:48] {Threei}  sigh... I'll just shut up

[13:48] {Will49} haha

[13:48] {dptl} i am out .29

01[13:48] {Threei}  1/4 out here

[13:49] {scottie} out JPM +.19 tks Vad

01[13:49] {Threei}  welcome

[13:49] {dptl} unfortunatly i have to leave early...see ya tomorrow all

01[13:49] {Threei}  take care dp

01[13:49] {Threei}  question:

[13:49] {Will49} be good dp

01[13:49] {Threei}  how do you dig out of a hole?

01[13:49] {Threei}  answer: SLOWLY

[13:50] {scottie} dp

[13:50] {dptl} i did  not

01[13:50] {Threei}  never push, never try to get it all back up fast

01[13:50] {Threei}  trade carefully and take best setups with rigor risk vontrol

01[13:50] {Threei}  or control

01[13:51] {Threei}  JPM stop is .19 of course

[13:52] {patel} DG target

01[13:53] {Threei}  probably just 1:1

[13:53] {dino} cya dp

01[14:02] {Threei}  will, how's that pillow?

[14:03] {Will49} wait, let me pull it out

[14:04] {Will49} uuuhhhh

[14:04] {Will49} there...swat/swat/swat

06[14:04] * Threei hits DG over the head with 2x4

[14:04] {Will49} aaahhhh...back on th pillow again

01[14:05] {Threei}  stop .21

[14:08] {Will49} swat/swat/swat

[14:09] {nemo} looking at the 1 minute candles on spy and iwm...can you say "HFT"?

[14:20] {nemo}  Frickin' rabbit.  I keep a couple of treats under my pillow, so if she hops up in the middle of the night, I give her one.  Well, she figured out they're under the pillow.  Middle of the night I feel this "whack" coming from behind me.  She's smacking her head against the pillow trying to get to the treats

01[14:20] {Threei}  closed last piece of JPM

[14:20] {patel} come on DG

[14:26] {scottie} DHI s 24 ?

01[14:26] {Threei}  hl

[14:26] {dino} idcc sm l .29

01[14:34] {Threei}  DG 1:1 puts me at breakeven for the day

[14:34] {dino} gj

[14:34] {scottie} same here tks vad

[14:34] {jdetente} slightly under for the day...

[14:34] {jdetente} but not painful

[14:35] {patel} same here

[14:35] {Will49} yea

[14:35] {patel} 1 more trade should get me green

[14:35] {dino} up decent, but had good morning

[14:36] {patel} Think I can squeeze 1:2 out of DG

[14:37] {patel} out of DG now

01[14:38] {Threei}  and that's what separates men from boys... show not how youhandle winning but how you handle losing

[14:39] {patel} patience pays off. I dug a hole pretty deep but slowly covering the hole.

01[14:40] {Threei}  DHI works too

[14:41] {scottie} out DHI +.09

[14:41] {scottie} Now I can see some green :)

01[14:41] {Threei}  good

[14:46] {dino} gj

[14:46] {scottie} ty

01[14:52] {Threei}  trying to get a feel for direction of the last hour

01[14:55] {Threei}  jeez

01[14:55] {Threei}  some e-mails are beyond belief

01[14:56] {Threei}  pasting as it is, grammar, warts and all

01[14:56] {Threei}  I spent a week in Your room and I read all trading logs so I know you place them online without editing, everything as it was. So, your not cheatin. But I don't understand why your not adding the performance track. What are you hiding?

01[14:57] {Threei}  sigh

[14:57] {dino} dw sm s .27

[14:57] {scottie} yes, what are you hiding ?

01[14:57] {Threei}  my best guess would be:

01[14:58] {Threei}  my lack of desire to indulge his laziness - he can calculate the total just as well, right?

[14:58] {scottie} lol

01[14:58] {Threei}  I am at loss of words

01[14:59] {Threei}  guy sees all the calls, compares them to the log,

01[14:59] {Threei}  he knows logs are 100% as it happened in the room, no editing

01[14:59] {Threei}  but he still searching for what I am hiding?

01[14:59] {Threei}  good luck finding that buddy

01[14:59] {Threei}  you have a lifelong quest

[15:00] {jdetente} he must have trouble adding in .10 intervals 

[15:00] {jdetente} lol

01[15:00] {Threei}  and btw, since you are likely to read this long, I am not editing this out eothert

[15:01] {patel} lol

01[15:01] {Threei}  I don't think there is any single room that does this, posting logs for years

01[15:02] {Threei}  yet someone always suspects you cheat somehow

01[15:02] {Threei}  *()&^%#$*

[15:03] {Will49} Illegitimi non carborundum

[15:03] {scottie} Are you the new pope ?

[15:03] {Will49} ha

01[15:04] {Threei}  lol

[15:04] {Will49} I'm also too old for the job

[15:04] {Will49} and not a Catholic

[15:04] {Will49} guess I better not apply

01[15:05] {Threei}  then tell them not to count on you?

01[15:05] {Threei}  sorry, old russian joke :)

[15:05] {dino} idcc stop -.30

[15:05] {scottie} lol

01[15:06] {Threei}  guy comes in the office that placed hiring ad "needed: 30-40 years old, bachelor degree, must speak English, German, French"

01[15:07] {Threei}  manager, looking at this 60 years olg, disheveled man: you want to tell me you under 40??

01[15:07] {Threei}  - no

01[15:07] {Threei}  educated?

01[15:07] {Threei}  - what are you talking about barely high school

01[15:07] {Threei}  speaking any languages?

01[15:08] {Threei}  - no, not at all

01[15:08] {Threei}  why are you here??

01[15:08] {Threei}  - just came in to tell you, you can't count on me...

[15:08] {Will49} lol

[15:08] {scottie} haha

[15:08] {jdetente} haha

[15:08] {patel} ha

[15:12] {dino} cov dw .cov dw .99 ave, +.28

01[15:13] {Threei}  not too shabby

[15:13] {scottie} gj dino

01[15:14] {Threei}  back to Will's sound advice... I usually do not let Illegitimi to carborundum me... but idiocy still irritates me :)

[15:15] {dino} ty

01[15:16] {Threei} Long Setup:  FAZ  .65 break

01[15:16] {Threei}  If holds  .60 

[15:16] {nemo} or short FAS for the adrenaline rush

01[15:17] {Threei}  can't

[15:17] {nemo} have them do a locate

01[15:18] {Threei}  not worth the hassle

01[15:18] {Threei}  there are many other ways to play the downside in finnies

[15:18] {patel} What does this mean "Reg SHO Threshold Security"?

[15:19] {patel} this is what I get when I try to short FAS

01[15:19] {Threei}  unavailable for shorting

[15:19] {thomcbell} short restricted

[15:19] {nemo} not right, just labeled that way in the software...it's shortable

01[15:20] {Threei}  it's shortable if your broker has inventory to lend

01[15:20] {Threei}  most don't

[15:20] {nemo} right

01[15:20] {Threei}  these pairs were designed to work in, umm, pairs

01[15:20] {Threei}  you want long, buy one of them,

01[15:20] {Threei}  you want short, buy another

01[15:21] {Threei}  FAS/FAZ, TNA/TZA

[15:21] {nemo} yeah, but why bother buying FAZ, you need 10k shares to make anything

01[15:21] {Threei}  so shoert GS

01[15:21] {Threei}  or JPM

[15:21] {nemo} your broker will be thrilled and you need .02 to break even

01[15:21] {Threei}  or WFC

01[15:27] {Threei}  disregard FAZ

01[15:27] {Threei} Short Setup: CAT  .20 break

01[15:27] {Threei}  If holds  .25 

01[15:35] {Threei}  meh

[15:40] {dino} htsi spike

[15:42] {dino} sm s .85

[15:44] {dino} cov .50, +.35

[15:45] {dino} probably too soon

01[15:45] {Threei}  CAT rinse... bastard

[15:45] {patel} SOB

[15:47] {dino} htsi sm s .99

[15:50] {dino} stopped .15 -.16

01[15:51] {Threei}  Ok guys, not really a profitable day, first in two a half weeks, but I am not unhappy with it

01[15:51] {Threei}  righted what looked really bad in the morning

[15:51] {Will49} Can't win 'em all Vad

01[15:51] {Threei}  in cold blood and with good discipline

01[15:51] {Threei}  nope, gotta make losing ones small

[15:51] {Will49} amen

01[15:51] {Threei}  and hanfle them with no emotion and lasting damage

01[15:52] {Threei}  thank you all, have a good evening

[15:52] {thomcbell} yes - i had my first down day in about 3 weeks 

01[15:52] {Threei}  see you tomorrow

[15:52] {thomcbell} knock on wood - 

[15:52] {Will49} Asta La Vista people

[15:52] {thomcbell} good night all

[15:52] {scottie} gn

[15:52] {dino} calling it a day, thx all

[15:56] {jdetente} gn everyone

[15:57] {patel} gn

Feb 11 2013

Very slow and mildly profitable day. Bearing with waiting is major challenge one faces on such days, as attempts to push too much in stagnant market will cause endless papercuts. Firs our of trading got eaten by another server shenanigans, but it was unremarkable anyway.

(10:22) Threei: CAT, which part of "and run" don't you understand
(10:23) thomcbell: im ignoring a good pattern and action in yhoo here
(10:23) thomcbell: 20.76 long break
(10:24) nemo: .73 lvs is S3, if gonna bounce will here
(10:24) Threei: if SPY holds the low, it may work just fine, tbell
(10:25) Threei: it's double bottom or breakdown
(10:25) ese: out bbry.,83 +.23
(10:25) Threei: hold .40, longs will work nicely
(10:25) Threei: lose .40, downtrend is established
(10:26) Threei: here kitty kitty
(10:27) Threei: 1:1
(10:27) Will49: pass the catnip
(10:27) Threei: lol
(10:27) thomcbell: u just actually scared me with that noise
(10:27) Threei: come on, I have grizzly sound, and you are scared of meow??
(10:34) Threei: ese, remember our discussion of economy vs. market?
(10:34) Threei: lookie here:
(10:34) ese: y
(10:34) Threei: stat from Goldman: 78% of $SPY companies guided down versus consensus estimates (versus 68% historically)
(10:35) ese: go short.........
(10:35) Threei: tell me again this is a strong economy, and market doesn't climb simply on endless money injection from Fed
(10:35) _ltrader has joined.
(10:35) Threei: short into that money injection?
(10:35) Threei: why?
(10:35) ese: well........regardless of whats going..........trade what you see..........I'm makin money
(10:35) Threei: point is, this market is NOT moving up on ay strength in real economy
(10:36) Threei: tbell, you taking that YHOO?
(10:37) Threei: Short FB .20 break
(10:37) thomcbell: im not vad
(10:37) Threei: if stays under .30
(10:37) thomcbell: thinking about half lot
(10:38) thomcbell: kicking myself for ignoring a bullish setup in aig this am
(10:38) Threei: 38.90 break... yeah, that was a good one
(10:39) Threei: speaking of which
(10:39) Threei: Short AIG .25 break
(10:39) Threei: If stays under .31
(10:40) _ltrader has left.
(10:41) Threei: FB looks good fir a break
(10:42) Threei: AIG invalidated
(10:43) ese: L bbry .77
(10:44) dptl: btu short?
(10:44) Threei: .35 break, yes... hl
(10:47) dptl: invalidated
(10:47) Threei: yes, SPY broke downtrend
(10:47) dptl: fb two sided?
(10:47) Threei: remember that .40 that it had to hold?
(10:48) ese: word that comes to mind here is " bizzare" mrkt action....i'm having trouble getting afix on it
(10:49) Threei: no, nit liking FB long
(10:49) dptl: ok wait if that break .20 then
(10:50) dptl: in
(10:50) ese: how bout "nit" picking
(10:51) Threei: those teachers...
(10:51) ese: country term ...indigenous to north america
(10:53) ese: does this thing have a slap upside the head with a 2X4 sound..........I need it for bbry........
(10:54) Threei: there you go
(10:54) Will49: yikes
(10:54) ese: hmmmmmmmm that was more punishment for me instead of bbry
(10:55) Threei: well... be careful what you wish for
(10:55) ese: tks
(10:56) ese: am wishing for bbry to go up with the number of shs i'm messin with here
(10:56) thomcbell: short setup bbry 15.72 break if holding 15.80
(10:57) thomcbell: yhoo 1:1
(10:57) Threei: yup
(10:57) thomcbell: without me
(10:57) Threei: good spot
(10:57) thomcbell: must have been the meow
(10:57) Threei: told ya it was a good setup
(11:02) dptl: can we trail fb stop to .26 now?
(11:02) Threei: matter of choice
(11:02) Threei: I won'tboth decisions are valid
(11:02) Threei: I wion't
(11:03) Threei: although bioth decisions are valid, just digfferent odds of being rinsed
(11:03) Threei: weighed against wider stop
(11:03) dptl: ok
(11:04) Threei: I like how FB holds its head down while SPY fully recovered
(11:04) Threei: it may change its mind an start gfollowing of course
(11:04) Threei: but I want to give it a chance
(11:05) Threei: and BTW
(11:05) Threei: Short BTU .40 break
(11:09) Threei: FB if works, target 1:3
(11:09) ese: aye lads............em tayken tha.........ouuuut bbrrrrry (roll them r's).87 plues .10
(11:09) Threei: anyone, which language is this?
(11:10) ese: tha linguage a mooney
(11:10) Threei: ah... our favorite
(11:10) Will49: tis a brah bri c moonlit nicht tonicht
(11:11) dptl: in btu
(11:11) Threei: I give up... I am not learning any more languages
(11:11) Threei: I speak 4
(11:11) Threei: quite enough
(11:11) ese: aye.....eh willa beh
(11:11) Will49: aye laddie
(11:12) Will49: just an accent Vad
(11:12) Will49: a scottish accent
(11:12) ese: auch nu aye.....anna wiilla beh drankin a weee bet asza well
(11:12) ese: indeed
(11:13) Threei: ok, I am not learning any more accents - one I have was quite hard to get
(11:13) Threei: btw guys, for those who don't follow our FB page,
(11:13) Threei: http://goo.gl/Pkwh3
(11:14) ese: a sure ya bastard bbry...........just shoot on up there.........ya........*&^$&^
(11:14) ese: now that canadian
(11:14) Threei: although I think you better do
(11:14) Threei: some things posted there are not mirrored anywhere else
(11:15) Will49: ese, are you a Craig Ferguson fan?
(11:15) ese: mirrored?
(11:15) ese: no.......don't know who that is
(11:15) Threei: like this for instance   http://goo.gl/W8skW
(11:15) Will49: late night Scottish comedian
(11:15) dptl: btu stop .46?
(11:16) ese: hmmmmmm
(11:16) Threei: .47
(11:16) dptl: ok
(11:16) Will49: he's on too late for you though ese
(11:16) ese: nice short there dp
(11:17) ese: ha ha
(11:17) ese: that laugh was for will dp not you..........
(11:18) dptl: to late
(11:18) Threei: lol
(11:18) Will49: ese, have a look on youtube for Ferguson...he's a riot
(11:18) ese: ok........will do
(11:20) cipher has joined.
(11:20) ese: C
(11:20) thomcbell: wrong side on that bbry - obviously - nice run from 15.80 break
(11:20) cipher: hello
(11:20) Threei: finally cipher
(11:21) Threei: we were wondering whether you got snowed in
(11:23) dptl: ok fb or btu...something has to work
(11:23) Threei: jeez, are you ever a pessimist
(11:23) Threei: why not both
(11:24) dptl: or both
(11:24) dptl: that would be nice
(11:24) ese: i'm likin fb short
(11:25) ese: .15 break
(11:25) thomcbell: nice one minute long pattern on splk
(11:25) ese: or would .05 be better vad
(11:25) Threei: ese... we are short from .20
(11:25) Threei: take me off ignore, will ya
(11:25) ese: sheesh........
(11:26) dptl: lol
(11:26) jdetente: you guys crack me up lol
(11:26) Threei: 10:37) Threei: Short FB .20 break
(11:26) ese: in case you hadn't noticed i was long a "you know what load" bbry.........my attention was elsewhere OK!.....sheesh
(11:27) Threei: forgive me for interrupting your BBRY meditation then
(11:27) ese: lol
(11:27) Threei: OK, SPY is back to business of  dopping
(11:28) ese: look at it go though...........would have reitred
(11:29) ese: dopping.........as in Olympic athelete doping
(11:29) Threei: dropping rather

(11:29) ese: dopping.........as in Olympic athelete doping

(11:29) Threei: dropping rather

(11:31) ese: vad what type of scanner do you have on a day like this thats effective.......

(11:31) Threei: all windows used for divergence

(11:31) patel: anyone still in BTU

(11:31) jdetente: let's put a little scare into FB 

(11:32) Threei: one is named, incidentally, "divergence"

(11:32) ese: reversals, new day highs, 52 weeks highs?

(11:32) dptl: i am in btu

(11:32) ese: ahhhhhhh....makes sense

(11:32) Threei: also, DBI and 2 days breakdown for the moment when market at the highs

(11:32) Threei: and vice versa

(11:32) cipher: expe l .55

(11:33) ese: might join you dp

(11:33) jdetente: Vad called that one too ese 

(11:34) Threei: lol

(11:34) dptl: lol...cant beleive this

(11:34) Will49: Vad, would you be tempted to tighten FB stop after this long consolidation?

(11:34) Threei: it's no uxse jd... ese morning program is: 1. wake up, 2. out coffee on, 3. put Vad on ignore

(11:35) ese: tks jd..............

(11:35) Threei: yes Will, it's time

(11:35) Threei: .26 stop

(11:35) ese: thats all I need is more ammo for him 

(11:35) Will49: Tks

(11:37) Will49: shake it more than twice and you're playing with it

(11:38) Threei: rofl, where di that come from

(11:38) Will49: old high school joke

(11:38) jdetente: Will.... lo!

(11:38) jdetente: lol

(11:39) Threei: BTU target 1:2

(11:39) dptl: what about stop for btu?

(11:40) dptl: still .47?

(11:40) Threei: unless you are that eager to put it at .42...

(11:40) Threei: am not

(11:40) dptl: ok .47

(11:42) patel: come on FB 

(11:43) cipher: out expe .72 + .17

(11:44) dptl: stopped fb

(11:44) Threei: yeah

(11:45) cipher: wynn l .80

(11:49) Threei: oh don't be in such a hurry BTU

(11:49) Threei: take your time

(11:50) jdetente: lol

(11:51) dptl: no no..i had to leave in an hour

(11:51) ese: NDAQ

(11:52) ese: euphoria vad?

(11:52) cipher: out wynn .65 -.15

(11:53) Threei: NDAQ Ticking higher after Fox News's Gasparino tweets deal talks with Carlyle Group broke down over price disagreements, could resume

(11:53) nemo has left.

(11:54) ese: tks

(11:57) Threei: 1:1

(11:57) Threei: mama mia, it happened

(11:57) Threei: believe it or not

(11:57) Threei: miracles exist

(11:57) cipher: wynn l .80

(11:57) dptl: no fill yet

(11:58) Threei: take frikin .31

(11:59) dptl: .32

(11:59) dptl: half

(12:02) Threei: main room is up guys, let's start relocating

[12:04] {patel} ...

01[12:04] {Threei}  three very good points

[12:05] {patel} ha, making sure the room was working

[12:05] {patel} it was pretty quiet

[12:06] {ese} but we don't get any sounds...............this is no fun.........i'm leavin

01[12:06] {Threei}  sorry...

01[12:06] {Threei}  not all toys in the same playroom

[12:06] {ese} lol

[12:07] {cipher} out wynn .18 +.38

[12:07] {ese} nice C

[12:07] {cipher} ty

[12:07] {dptl} out btu ..sigh

[12:07] {jdetente} no biggie dp, we got out half

01[12:08] {Threei}  hr is overly optimistic, jd

01[12:08] {Threei}  he

[12:08] {jdetente} the question you have to ask is...do I have more money than before the trade...

[12:08] {jdetente} answer: Yes!

01[12:09] {Threei}  you barely hear a peep from him on a day with no single stop, but a lot of sighs on any other fay {G}

[12:10] {jdetente} remember dp our objective is to make money. :)

[12:11] {dptl} ye...lately something is not working for me...

[12:13] {dptl} i get nervous latlely often for some reason dont know why.....and making lots of mistakes

[12:15] {ese} L akam 1/2 .37

[12:17] {ese} L akam avg .41

[12:19] {cipher} CSTR L.08

[12:19] {ese} L akam avg .42

01[12:20] {Threei}  guys, new server box is in, it's a matter of installing the software and migrating database

01[12:21] {Threei}  should be done before or over the weekend

[12:22] {dptl} unh short?

01[12:22] {Threei}  too narrow

[12:23] {ese} let me see...........retirement is spelt how........stop to .50 akam

[12:24] {ese} break past .58 yesterdays high and who knows

[12:25] {ese} fridays'

[12:25] {ese} 36 is target

[12:26] {ese} out 1/2 .59 +.19 avg

[12:26] {Will49} nice one ese!

[12:26] {ese} tks

[12:27] {ese} patience.....word of the day today

[12:27] {ese} ya just need to find one of these per day

[12:29] {ese} stopped balance .51 +.09

01[12:29] {Threei}  I can't believe this

01[12:29] {Threei}  look at FB

[12:30] {jdetente} just did

[12:30] {jdetente} meh

[12:30] {jdetente} that was a slow ride down

[12:30] {nemo} SLB

01[12:31] {Threei}  I had this feeling that stop shoulkdn't have been trailed

[12:32] {ese} neeeeeeeeeeeemmmmmoooooooooo!

[12:35] {ese} L akam .41

[12:35] {nemo} what?

[12:35] {ese} that 6000sh order there was not mine

01[12:36] {Threei}  we don't believe you

01[12:37] {Threei} Short Setup: CAT  .50 break

01[12:37] {Threei}  If holds  .60 

[12:44] {ese} I really am hating todays market.......

[12:46] {ese} although this is good[AKAM] Ticks higher on CEO disclosing buy of 50K shares at $35.31 on 2/8 -

[12:46] {cipher} out cstr .18 +.10

[12:48] {dptl} got to go...see ya tomorrow all

01[12:48] {Threei}  ummm

01[12:48] {Threei}  CAT?

01[12:48] {Threei}  s;most 1:1?

01[12:48] {Threei}  and you are leaving?

[12:48] {ese} cya dp

[12:50] {dino} things really slowed down

[12:51] {Will49} cheers dp

[12:51] {ese} i'll say dino

01[12:54] {Threei}  come on, 1 cent from 1:1?

[12:55] {dino} good morning but....

01[12:55] {Threei}  stop .56

[12:56] {cipher} vrsk l .78

[13:02] {dino} my 07 scanner isn't moving

[13:05] {nemo} what does that scan for?

01[13:05] {Threei}  for james bond, sheesh

[13:05] {nemo} that would be 007

[13:06] {dino} moves of 7 cents or greater

[13:10] {cipher} cat l .50

[13:12] {cipher} out vrsk .98 +.20

[13:16] {cipher} ctsh l .17

03[13:22] * Retrieving #discussions modes...

[13:34] {ese} am doing family day brunch with the family all.......have a great rest of the day and we'll see you tomorrow.....am still L AKAM and down -.06

01[13:34] {Threei}  take care ese

[13:34] {patel} stop for CAT at .56 still

[13:35] {ese} tks vad........for all our US friends.....this is now a holiday in Canada..Family Day

[13:35] {ese} take care

[13:35] {patel} nice have fun ese

01[13:35] {Threei}  for those who are not in BC, today is a new holiday, Family day... which explains ese program I am scared to think what he'd do if they announced a Cow Day or something

[13:42] {cipher} out cat flat

01[13:45] {Threei}  you do know now it's going to drop, right?

[13:46] {cipher} feels like it

[13:46] {patel} Ciper were u long in CAT

[13:46] {cipher} yes

[13:47] {cipher} not anymore

01[13:48] {Threei}  OK, this is difficult to decode:

01[13:48] {Threei}  one one hand,

01[13:48] {Threei}  (US) Fed's Yellen (voter, dovish): Workers facing difficult situations; fiscal policy has restrained the economic recovery

01[13:48] {Threei}  this was extremely dovish pilicy, Yellen

01[13:48] {Threei}  are you saying you doves were wrong?

01[13:49] {Threei}  on another:

01[13:49] {Threei}  - It is appropriate for the Fed to continue to push for maximum employment

01[13:49] {Threei}  huh?

01[13:49] {Threei}  our fiscal policy "has restrained the economic recovery", so let's push more of same?

01[13:49] {Threei}  1:1 CAT

01[13:50] {Threei}  finally

[13:50] {patel} whew that one took forever. 

01[13:52] {Threei}  you in a hurry? :)

[13:52] {patel} nope

[13:52] {patel} dont have no where to go. 

01[13:53] {Threei}  there you go :)

[14:02] {dino} stt sm s .30

[14:03] {dino} cov stt .95, +.35

[14:05] {dino} too soon

01[14:32] {Threei}  out CAT in full

01[14:32] {Threei}  I think I managed to take about 5 naps during this trade

01[14:32] {Threei}  cat naps

[14:32] {Will49} :)

[14:40] {thomcbell} how goes it in here

01[14:41] {Threei}  quiet...

01[14:41] {Threei}  sleepy...

01[14:41] {Threei}  got a profitable one in CAT

01[14:41] {Threei}  and something else

01[14:42] {Threei}  but overall, incredibly slow day

[14:42] {thomcbell} creepy slow 

[14:42] {Will49} reasons?

01[14:43] {Threei}  who the deuce knows

01[14:43] {Threei}  we can theorize till cows come home

01[14:43] {Threei}  look at one very interesting chart guys

01[14:43] {Threei}  http://goo.gl/gsLiC

01[14:43] {Threei}  do you see what I see?

[14:44] {Will49} oh oh

01[14:44] {Threei}  or I converse with nemo too much, thus my senses are dull

[14:47] {nemo} this summer will be ridiculous

01[14:47] {Threei}  there is a lot that may happen till then

01[14:48] {Threei}  so, anyone got chills from that chart?

[14:48] {nemo} or not

[14:48] {nemo} no

01[14:48] {Threei}  ok... thrill?

[14:48] {nemo} no

01[14:48] {Threei}  sheesh... go drink

[14:49] {nemo} gotta make a run, drank the closet dry this weekend

[14:49] {nemo} Got Chinese New Year on Friday

[14:49] {Will49} as someone who got killed in 2001, this gives me major chills

[14:49] {nemo} oy vay...that's always painful

01[14:49] {Threei}  you are in different league now

[14:50] {nemo} Who Will?

01[14:50] {Threei}  you stand to benefit from such martket behavior

[14:50] {nemo} yep...I salivate to open limit down

[14:50] {Will49} i hope so

[14:50] {nemo} awash in market blood up to my knees

[14:50] {nemo} the laments of the jumpers from their office windows

01[14:51] {Threei}  there is a lot of complacency in the market

01[14:51] {Threei}  as if nothing bad can happen anymore, we can only climb

[14:51] {nemo} yeah, but there was 2 years of complacency in 02-04

01[14:51] {Threei}  meanwhile, there are so many things that can go horribly wrong at any moment

[14:52] {nemo} Obama was re-elected, what can go worse

01[14:52] {Threei}  02-04 markret was at the bottom, you goof

01[14:52] {Threei}  now it's at the top

[14:52] {nemo} name calling you pisdah

01[14:52] {Threei}  complacency when we hit major resiatance?

[14:52] {dino} rgr drop

[14:53] {Will49} see what your loose talk has done to the market?

[14:53] {nemo} algo's hit same time

[15:00] {jdetente} That's it for me guys. Going to go home happy with the trades we got. Everyone have a good one. :)

[15:00] {Will49} cheers jd

01[15:00] {Threei}  take care jd

01[15:01] {Threei}  can you send about 3% of your optimism to dp?

[15:01] {jdetente} haha. I'll try!

[15:01] {dino} rgr again drop

[15:02] {dino} sm l .36 rgr

[15:03] {dino} out rgr .71, +.34

[15:03] {dino} .35

[15:04] {Will49} quick!

[15:04] {dino} either quick or dead on these

[15:05] {Will49} amazing skill

[15:05] {dino} 400 shares gives lot of leeway will

[15:06] {Will49} nontheless

[15:06] {dino} seems i bailed too soon

[15:06] {Will49} only in retrospect

01[15:09] {Threei}  wehat do I miss? I see no news on RGR

[15:12] {dino} dk

01[15:25] {Threei} Long Setup:  FB  .30 break

01[15:25] {Threei}  If holds  .20 

[15:29] {dino} gdi drop

[15:34] {dino} gdi sm s .99

[15:35] {dino} cov gdi .73, +.26

01[15:40] {Threei}  OK FB

01[15:40] {Threei}  we are pressed for time

01[15:40] {Threei}  break and run

01[15:42] {Threei}  GDI looks like another short

01[15:42] {Threei}  spread is horrific though

[15:43] {patel} FB dont want to break. 

[15:50] {dino} xone drop

[15:51] {dino} calling it a day. thx all. slow but profittable

01[15:52] {Threei}  take care dino, same here

[15:55] {Will49} have good evening guys

01[15:55] {Threei}  you too

01[15:58] {Threei}  Ok guiys, thank you all

01[15:58] {Threei}  have a good evening, see you tomorrow

[15:59] {thomcbell} later guys 

Nemo's Findings week of 2/10/2013

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html 

WOW!  Amazing I have had time to do this entry considering the time and effort it has taken to wreak havoc in the Northeast....;-)  

Economically, not much has changed.  All the indexes continue their steady ascent.  Bad news is bought,  good news bought more. "BTFD!"  is in full force.  Notice how the majority of stocks that sell off on earnings news and guidance react?  The vast majority of them are bought off their morning sell-off. That's strength.  The only clouds readily visible on the horizon is the "Sequester" and perhaps the nascent ascent of gasoline, traditional for this time of year.  Gasoline is at it's highest price ever for this time of year.  How high does it have to go to start dampening the market?  Anyway, the week that was:

 Btw...the "pink" lines and boxes are daily ranges I put in the previous night that demarcate levels for the day I think may be important.  They incorporate the daily Pivot levels that do not appear on  Freestockcharts until the next day.  Also, the data I use in my pivot tables sometimes varies slightly from that of FSC, so it creates a fuzzy range.  Also, as someone noted, and I paraphrase.

 You can have a line every 10 cents, so every price is a level.

 Of course, there is some truth to the statement, depending on the time-frame.  For instance, on a daily basis, the shorter term pivot levels, especially the dailies are much more relevant.  But, if you were to look at the SPY for instance and were tracking my weekly entries, among all the other lines, you would notice that the Semesterly R1 became relevant on January 23rd, and has been relevant ever since.  Arguably the the same level on the IWM has also become relevant.  The point of the analysis is to notice what becomes relevant.  Should the market retrace, the interaction of future, shorter term levels with the Semesterly R1, may indicate additional strength or weakness probabilities for the level, which then gives you a higher probability decision point. Of course someone could say, "Why don't you just draw a line at the level?"  Well, in a sense you do.  When there is price support/resistance at a level, we manually draw a line demarcating it as such.  When it coincides with a longer term pivot level, it becomes, drum roll please...........confluence, which means you now have pivot traders, and price level traders, looking at it.  When you have multiple time frames, price levels and perhaps fib. levels all coinciding in a tight range, then you have multiple types of traders all seeing that level as important.  Heisenberg strikes again.

 On that note, the week that is:

 

Market Week Wrap-up

European Issues Return to Center Stage, but Risk-on Blizzard Continues


- Giddy global equity markets continued to push out to fresh post-crisis highs this week. There were some hiccups of risk aversion thanks to an unfolding political scandal in Spain and Berlusconi's gains in the polls ahead of the Italian elections on February 24th. In addition, perceptions that ECB's Draghi was excessively dovish in his post-ECB rate decision press conference provided some turbulence in EUR/USD that spilled over into equity markets on Thursday. However the issues provided no more than passing blocks to ever stronger rotation into risk assets. On Friday, markets pushed higher thanks to better Chinese and US trade data. China January trade data showed a much greater than expected pickup in exports, while the December trade deficit narrowed much more than expected, plunging by over $10B to a three-year low of $38.5B. Friday also saw a breakthrough in EU budget talks, with leaders agreeing to a tentative 7-year spending plan coming in under €1T but still promoting some growth initiatives. Ominous rumblings of geopolitical trouble were in the background: Japan accused China of more serious provocations over disputed island territories, North Korea was observed preparing for nuclear tests and Iran called off fresh negotiations over its nuclear program only a day after agreeing to them. For the week, the DJIA rose 0.1% and the S&P 500 gained 0.3%, while the Nasdaq added 0.5%, coming within points of a fresh 12-year high.

- State and federal regulators announced their intention to prosecute ratings agency Standard & Poors for its part in the excesses in the housing bubble that lead to the 2008 financial crisis. On Tuesday, the DoJ said it would file civil charges in cooperation with 16 states against S&P after ongoing settlement negotiations with the company fell apart. In a separate effort, reports suggested the New York State has subpoenaed S&P and formally requested information from Moody's and Fitch to examine ratings they issued in the run-up to the crisis. Unlike the existing federal/state probes, the NY AG can sue under the state's Martin Act, which does not require prosecutors to prove a firm intended to defraud investors to win a case.

- Notable European earnings this week included BP and UBS. BP's Q4 profit fell nearly 80%, dragged down by payouts related to the Macondo oil spill. The company booked a $3.8B loss for its settlement of criminal charges. UBS posted a $2.1B loss for Q4 in the wake of lawsuits, the LIBOR scandal and a wave of restructuring.

- New and old media names offered contrasting quarterly reports. Disney's earnings fell 6% y/y as ESPN absorbed higher programming costs and the performance of its movie studio sagged. AOL beat top and bottom line targets on solid growth. Analysts cite the 13% gain in advertising revenue as a major positive result, although the bulk of the firm's profits are still coming from membership revenue.

- Fast food stocks were burned by developments in Asia. Yum Brands' Q4 numbers were solid, but the firm warned its outlook has turned very sour on adverse publicity from contaminated poultry supplies in its China business. In the current Q1, Yum expects China KFC sales comps -25% y/y. McDonald's January sales comps were negative, as the company had warned with earnings two weeks ago. The company's terrible -9.5% comp in Asia was due in part to the timing of Chinese New Year and the impact of the tainted fast food chicken scandal there.

- On the M&A front, Michael Dell and Silver Lake Partners formally outlined their $24B going-private deal for Dell Computer, worth $13.65/share. Some large shareholders immediately objected to the slim premium on the deal. Oracle clinched a deal to acquire Acme Packet for $29.25/share in cash, in a deal valued at $1.7B. Oracle emphasized that the firm's network management solutions would help the company transition to all-IP data delivery.

- After peaking above 1.3700 late last week, EUR/USD turned around and gapped lower this week. Over the weekend, damning details from the unfolding Spanish political scandal circulated in the press, implicating PM Rajoy and other leading government officials in a slush fund scheme. Meanwhile Italian polls showed former PM Berlusconi's gaining on the various left-wing parties ahead of elections coming up in two weeks. Berlusconi made waves after promising to roll back and rebate certain taxes implemented by Monti's government. Peripheral bond yields widened out, with the Spain 10-year yield moving above 5.4% and Italian 10-year yields topped 4.5%, both back at highs last seen in early December. EUR/USD closed out the week just above 1.3350.

- The biggest leg down in EUR/USD arrived over the course of the ECB post rate decision press conference. Rates were on hold, as expected, and President Draghi began his remarks by reiterating his usual comments, including that the bank still sees downside risks for the economy. He also said the ECB would maintain a full allotment of MROs. Draghi acknowledge the stronger euro, but said it was still unclear whether the appreciation would be sustained. The dovish tone was taken as a reason to sell.

- The weak yen trend continued apace through midweek, with USD/JPY testing the 94 handle for fresh 33-month lows. USD/JPY has weakened over 7.5% in 2013 so far, and EUR/JPY found its way above 127 this week. Finance Minister Aso commented that ending the yen's long uptrend remained a top priority for the government, suggesting the currency's recent weakening had not satisfied the nation's leadership. BoJ Governor Shirakawa said he would step down three weeks earlier than expected to coincide with departure of two deputy members, a move which would most likely move forward an anticipated shift to more aggressive monetary easing by Abe's yet to be named choice to helm the BOJ. The yen strengthened slightly after Aso was cited as saying the currency had weakened too quickly, however the ministry later clarified that Aso's remarks had been mistranslated.

- UK markets were volatile as BoE Governor-Designate Carney addressed Parliament for the first time. Carney's tone was more hawkish compared to his remarks at Davos two weeks ago. GBP/USD surged 100 pips after Carney said the BoE must exit its unconventional policy. Gilt yields moved higher and tested 2.14%. The BoE issued a rare statement following its rate decision noting that inflation would exceed 2% for the next two years and the MPC stood ready to provide further stimulus if warranted.

TradeTheNews

Nemo Special

Some inside jokes never cease to be funny. For the room members and those who follow our trading logs, these two below require no explanation.

Feb 08 2013

Second week ended with no losing days. To finish the week, let me offer you this pure beauty of a trade: aggressive entry into inverted Cup and Handle. 1:3, nice and easy. Be it RIMM or BBRY, be it short or long, always good for a trade.

Session Time: Fri Feb 08 00:00:00 2013
[09:03] {dino} gm
01[09:03] {Threei}  dino :)
[09:05] {nemo} Vad, u here?
01[09:05] {Threei}  let me check...
01[09:05] {Threei}  yeah, I think so
01[09:06] {Threei}  why?
[09:06] {nemo} just sayin...I'll likely be off and about getting battened down for the storm...btw...you see they named it "Nemo"?
01[09:06] {Threei}  really?
01[09:07] {Threei}  must be really bad one then...
[09:07] {nemo} yeah, they're naming storms now, not just hurricanes, it's worse than naming arenas for the naming rights money
01[09:07] {Threei}  lol
01[09:07] {Threei}  but wait
[09:07] {nemo} Actually they're using terms like "historic."
01[09:07] {Threei}  did they offer anything to you for this?
[09:07] {nemo} Let me tell ya' I lived through historic here in '78
[09:07] {nemo} More than 3 feet then
[09:08] {nemo} Of course not...so I put them on THE LIST
01[09:08] {Threei}  right
01[09:08] {Threei}  in ink
[09:08] {nemo} ETCHED IN STONE!
01[09:08] {Threei}  hehe
[09:08] {nemo} Class III machine gun license coming up...
01[09:08] {Threei}  I lived through Winnipeg's "blizzard of the century" of 1997
01[09:09] {Threei}  very impressive
[09:09] {dino} nemo, looks like i may get lucky, forecasts 8"to12" for NE PA
01[09:09] {Threei}  took a week for the city to start fully functioning agasin, and it's the most prepared city in the world
[09:10] {dino} "storm of the century" good book
01[09:10] {Threei}  one whwere blizzards paralyzing other coties for days are so routine, no one mentions them
[09:11] {nemo} When I lived in SC, they had an inch of snow and sub freezing temperatures for a week.  Shut the city down for a week...sheesh
[09:11] {dino} lol
01[09:11] {Threei}  same in Victoria
01[09:12] {Threei}  inch of snow stops the city
[09:13] {jdetente} gm
01[09:14] {Threei}  jd :)
01[09:16] {Threei}  then again, it's mostly a government city, so qwhen it stops most never notice
[09:17] {Will49} Good morning guys!
01[09:17] {Threei}  will :)
01[09:18] {Threei}  will, have you heard? they named this storm that threatens east coast... wait for it...
01[09:18] {Threei}  wait for it...
01[09:18] {Threei}  drum roll...
01[09:18] {Threei}  NEMO!
[09:18] {Will49} no kidding
[09:19] {ese} gm
[09:19] {nemo} And it's gonna' hit hardest right in my area
01[09:19] {Threei}  ese :)
[09:20] {Will49} nemo finally getting recognition he deserves
[09:20] {ese} out bbry yesterday .79 +.73
[09:20] {nemo} http://www.boston.com/news/weather/weather_wisdom/Blizzard%20warning%20south.png
[09:20] {Will49} congrats ese
[09:21] {ese} ya worked out great ....2600shs
01[09:21] {Threei}  wtg
[09:21] {ese} it still shot up this morning almost another .50
[09:22] {nemo} O.K. nevermind the market, it's all about me this morning
[09:22] {cipher} gm
[09:22] {ese} yikes nemo
01[09:22] {Threei}  cipher :)
[09:28] {dptl} gm
[09:29] {ese} ddddddddddppppppppppp!!!!!!!!!!!!1
[09:29] {dptl} :)
01[09:29] {Threei}  dp :)
[09:31] {nemo} whoa...snow started a bit harder than I expected c ya
01[09:32] {Threei} Long Setup:  BBRY  .15 break
01[09:32] {Threei}  If holds  .05
01[09:32] {Threei}  Invalidated
[09:32] {cipher} BIDU L .87
[09:32] {cipher} out .13
01[09:33] {Threei} Long Setup:  FB  .10 break
01[09:33] {Threei}  If holds  29
[09:33] {nemo} btw...given the storm, and it's Friday, and the daily pivot and weekly pivot on spy are bot 150.72, likely not to move too far from there
01[09:34] {Threei} Long Setup:  BBRY  .90 break
01[09:35] {Threei}  BBRY 1:1
01[09:35] {Threei}  trail FB to .04
[09:36] {cipher} fslr l .44
01[09:36] {Threei}  out
01[09:37] {Threei} Short Setup: FB  29 break
01[09:38] {Threei}  1:1
[09:38] {cipher} out fslr .60 +.16
01[09:39] {Threei} Long Setup:  LVS  .55 break hl
01[09:40] {Threei}  If holds  .45
01[09:41] {Threei}  no go
[09:43] {ese} am eyeing AKAM dino
[09:43] {cipher} out sfly .83 +.24
01[09:46] {Threei} Short Setup: CAT  .80 break
01[09:46] {Threei}  hl
01[09:46] {Threei}  1:1 in a real hurry
01[09:47] {Threei}  anyone caught it?
[09:47] {jdetente} nope
[09:47] {Will49} no
01[09:47] {Threei}  thought so... 1:2 :(
[09:53] {cipher} chrw l .25
01[09:53] {Threei} Short Setup: LVS  .50 break hl
01[09:53] {Threei}  If holds  .60
01[09:54] {Threei}  wow
01[09:54] {Threei}  what got into CAT
[09:56] {Will49} nip
01[09:58] {Threei}  lol
01[09:58] {Threei}  1:1
[09:59] {cipher} CSTR L.88
01[09:59] {Threei}  1:2
01[09:59] {Threei}  ok guys, make sure you are sitting down for this
01[10:00] {Threei}  http://goo.gl/AdIqN
[10:00] {dptl} TWX .45 long?
[10:00] {dino} cvlt spike
[10:00] {dino} guid hl l .50
[10:00] {Will49} LOL
[10:00] {dino} cvlt sm s .35
[10:00] {jdetente} lol
01[10:00] {Threei}  not sure TWX
[10:01] {Will49} not you dino -nemo
01[10:01] {Threei}  nemo, are you breathing there?
[10:02] {Will49} tks Vad out lvs 1:2
01[10:02] {Threei}  :)
[10:02] {jdetente} super trade Vad
[10:02] {ese} L mchp 3/4 .50
[10:05] {ese} stop .45 8ma
[10:05] {ese} stop .50
01[10:05] {Threei} Short Setup: BBRY  17 break
01[10:05] {Threei}  If holds  .10
01[10:05] {Threei}  aggressive for .90 break, inverted C&H
01[10:06] {Threei}  target 1:3
[10:09] {dino} cov cvlt .83, +.52
[10:09] {cipher} out chrw .50 +.23
[10:09] {ese} out mchp .74 +.24
01[10:10] {Threei}  1:1
01[10:12] {Threei}  1:2
[10:13] {cipher} VECO L .67
01[10:15] {Threei}  1:3, over and out
[10:15] {Will49} excellent tks Vad
[10:15] {jdetente} beautiful
01[10:16] {Threei}  where is scottie... :(
[10:16] {Will49} snowed in no doubt
01[10:17] {Threei}  now guys, before we move any further,
[10:17] {Will49} this will make catch of the day
01[10:17] {Threei}  let's take a pause for a min and return to yesterday's discusssion
01[10:17] {Threei}  it will :)
[10:17] {cipher} WPRT L .39
01[10:17] {Threei}  after close I thouight to write a blog post on preserving profits
01[10:17] {Threei}  then realized, wait a minute
01[10:17] {Threei}  I did write it already
01[10:18] {Threei}  http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[10:18] {jdetente} that was excellent advice Vad. Shared it with some friends.
01[10:18] {Threei}  while I prepare catch of the day, read it pls
01[10:18] {Threei}  cool jd... why aren't they here yet?? :)
[10:18] {jdetente} I'm working on that ;)
[10:19] {cipher} out VECO .88 +.21
[10:19] {cipher} out ntgr .17 +.13
[10:21] {dino} gj
[10:21] {cipher} TY
[10:23] {dino} pxd sm s .00
[10:24] {dptl} EL short?
[10:25] {dptl} COV .20 long?
[10:25] {cipher} AEGR l .16
[10:26] {ese} kkkkkkkkaaaaaaaaarrrrrrraaaapppppp!!!!!!!  following akam all morning.........and look away for 2 no good for nuttin stinking crawlin lower than a snakes beely in a wagon rut MINUTES!!!!!!
[10:27] {Will49} how descriptive
[10:27] {Will49} spoken like a true musician
[10:27] {ese} tks...........gets better the more pee off iget at myself
[10:27] {ese} actually
[10:27] {dino} hos spike
[10:28] {ese} just using stuff nemo's already called me
01[10:28] {Threei}  http://goo.gl/FmTH9
[10:29] {ese} nice trade chief.........thats way your the team leader
[10:29] {ese} why
01[10:30] {Threei}  ty
01[10:30] {Threei}  dp... before we go on with your machine0gun rate of trade a min, have you read that article?
[10:30] {dino} cov pxd .60, +.40
[10:30] {cipher} onxx l.63
[10:31] {dptl} i did read it many times :)
[10:31] {cipher} VSAT L .64
01[10:31] {Threei}  so, parcticcal implication is in order
01[10:31] {Threei}  decided on today's numbers?
[10:32] {dptl} well i just did one trade so far
01[10:32] {Threei}  huh?
[10:32] {dptl} yeah
[10:33] {cipher} ou onxx .82 +.19
01[10:33] {Threei}  cool... you do twice as many as I do in the afternoon and 1/6 in the morning
01[10:33] {Threei}  that's the way {G}
[10:33] {ese} L akam .10
[10:33] {dino} chuy spike, gappy
[10:34] {Will49} Vad, how do you handle this situation: down big in first hour, claw your way back to small profit. Do you keep going?
01[10:35] {Threei}  depends
01[10:35] {Threei}  if market is very active, yes,
[10:35] {cipher} trlg l .00
01[10:35] {Threei}  but I take care not to find myself deep in the hole again
[10:35] {dptl} just decided to be less active today
[10:36] {Will49} tks
01[10:36] {Threei}  greast, so you vut your activity in the morning when the best trades occur, then asked me about 2 new ones within 1 minute?
01[10:36] {Threei}  vut = cut
[10:36] {ese} L rvbd .25
01[10:36] {Threei}  see anything wrong with that picture?
[10:37] {dptl} i usually don't do first 30 min.....i just cant
[10:37] {ese} no I'm up .08 already
01[10:37] {Threei}  ok, BBRY was on 25th minute
01[10:37] {Threei}  35th
[10:38] {cipher} out VSAT .07 +.43
[10:38] {dptl} ye that one i simply missed for other reason
01[10:38] {Threei}  yeah, a cigarette {G}
[10:38] {dptl} lol....no
01[10:39] {Threei}  will, to cite an example... say, -300 in the hole, clawed your way back in to +50,
01[10:39] {Threei}  put your stop at -100,
[10:39] {ese} out rvbd .32 +.07
01[10:39] {Threei}  trail it if make more.
[10:40] {Will49} good stuff ad
[10:40] {Will49} Vad
[10:41] {ese} my daughter use to call the telephone the telno...........so ad ....is good.....short form gets the point accross
[10:43] {Will49} my laser charts not working...just me?
[10:43] {dptl} fine here
01[10:43] {Threei}  OK here
[10:43] {dptl} change server
[10:45] {ese} just looking at that bbry chart vad........absolute classic reverse 1min cup and handle
[10:45] {ese} well done
[10:46] {Will49} went thru all chart servers..still dead
[10:47] {ese} L rvbd .21
[10:47] {thomcbell} FB looks vulnerable
[10:47] {dptl} try to restart it now
[10:47] {cipher} pxd l .24
01[10:47] {Threei}  vhange quote server
01[10:47] {Threei}  ty ese
[10:49] {Will49} do you have to restart after changing server?
[10:49] {dptl} no
[10:50] {thomcbell} FB bounce changes short term picture
[10:50] {dptl} but if still nothing sometimes hallps
[10:50] {dptl} hellps
[10:50] {cipher} intu l .19
[10:50] {dptl} helps
[10:50] {dptl} geez
[10:51] {cipher} klac l .47
01[10:51] {Threei}  great, now my charts went down too :)
[10:52] {cipher} out pxd .47 +.22
[10:52] {ese} ack ackka dak....dak ackka ack...........I command rvbd and akam to rise...........rise I say
[10:52] {dptl} yep mine too
[10:52] {dino} nsp drop
[10:52] {dptl} server 3 works
01[10:53] {Threei}  yup, ty
[10:53] {Will49} reset worked
[10:55] {cipher} nsp l .15
[10:59] {dino} nsp sm l .00 jumpy
[11:01] {dptl} LEN .57 short?
01[11:02] {Threei}  yeah
[11:03] {ese} anyone else L rvbd
[11:04] {ese} never mind......wanted to get an opion on whether you would think it's gonna break up or not.........that question has been answered
[11:05] {cipher} cstr l .92
[11:05] {dptl} not available for short LEN
01[11:08] {Threei}  Monster Blizzard Nemo Headed For U.S. Northeast
01[11:08] {Threei}  between this and that picture, we have material to have fun with for weeks if not months
[11:09] {cipher} out cstr .04 +.12
[11:10] {nemo} Hey!
01[11:10] {Threei}  yes?
[11:10] {Will49} why aren't you out shovelling?
[11:10] {nemo} it's just starting will
01[11:11] {Threei}  tell me you saw that photo, nemo
[11:11] {ese} out rvbd .50 +.29
[11:11] {nemo} no...
01[11:12] {Threei}  09:59] {Threei} ok guys, make sure you are sitting down for this
01[11:12] {Threei}  [10:00] {Threei} http://goo.gl/AdIqN
[11:12] {dino} chuy sm s .00 ave
[11:12] {nemo} never thought of myself as a fish anyway
[11:12] {dptl} lol
01[11:13] {Threei}  who cares... it's funny as hell
01[11:13] {Threei}  notice, this is the same cat that I already used as illustration to your charms
[11:13] {Will49} from now on, that;s the face i see when i think of nemo
01[11:13] {Threei}  he was saying "Good Morning? No such thing" or something to that effect
[11:13] {nemo} fata morgana
01[11:14] {Threei}  he is known on internet as "grumpy cat"
[11:14] {nemo} yeah, but he doesn't have an arsenal
01[11:15] {Threei}  found it
01[11:15] {Threei}  where do I upload it...
01[11:18] {Threei}  http://tradinglog.realitytrader.com/2013/02/nemo-special.html
[11:19] {nemo} Just saw a good quote:  My ex had one really annoying habit....breathing
[11:19] {Will49} :)
01[11:19] {Threei}  lol
[11:20] {cipher} veco l .20
[11:26] {cipher} ctrx l .90
[11:30] {ese} L akam avg .08
[11:31] {dptl} VMED .55 short?
[11:32] {dino} cov chuy .60, +.40
[11:32] {ese} good one dino
01[11:33] {Threei}  VMED, no
[11:33] {dino} ty
[11:37] {dino} ctrx drop
[11:40] {dino} hl l .35
[11:44] {dino} ctrx stop
[11:45] {dino} taking break
[11:45] {dino} guid stop -.15
[11:47] {dino} ctrx rinsed
[11:50] {dptl} GILD .20 long?
01[11:51] {Threei}  where is that Post-it?
[11:52] {dptl} ye...lunch time, breakouts
[11:53] {thomcbell} aig good action - no setup
[11:59] {ese} out akam .22 +.14 with 1600 of the little blighters......i'm done for the day though.....got up at 3:30 and am smokin tired.....have a great weekend all cya next week
01[11:59] {Threei}  have a good weekend ese
[12:01] {thomcbell} wow ctrx- crazy action
[12:07] {dino} yeah
[12:11] {dino} basing maybe
[12:11] {dino} hl l .60
[12:11] {dino} stop is .39
[12:12] {thomcbell} i had a very fortunate long there - bought it at 50.01 and sold it at 50.70 - 5 seconds later
[12:12] {dino} roc spike
[12:12] {dino} you dog
01[12:14] {Threei}  lol
[12:17] {dino} roc sm s .43
[12:17] {dino} out ctrx .08, +.48
[12:21] {thomcbell} FB day low
[12:24] {dptl} laser charts again i have lots of data missing
[12:24] {nemo} don't stick your chin out like that
[12:31] {dino} cov roc .63 -.20
01[12:37] {Threei} Short Setup: FB  .75 break
[12:38] {dino} roc crazy
[12:43] {dino} roc sm s .00
[12:43] {dino} stop -.30
[12:46] {dino} roc sm s .25
[12:52] {dptl} fb valid?
[12:52] {dino} cov roc .49, +.76
01[12:55] {Threei}  no
[13:07] {dptl} AKAM .50 long?
01[13:13] {Threei}  don't know...
01[13:13] {Threei}  but FB is valid again
01[13:14] {Threei}  wow
01[13:14] {Threei}  MA bans all the travel in the state
01[13:14] {Threei}  that's it nemo... you are glued to the place
[13:15] {nemo} 4-wheel drive
[13:41] {dptl} do you still have charts prob Vad?
01[13:41] {Threei}  no, fine now
[13:42] {dptl} hmm..mine stop working and then comes back with data missing 3 times today
[13:43] {dptl} i wish i can show you fb chart now how it looks here lol
01[13:45] {Threei}  there is a gap between 10:53 and 12:10
[13:46] {dptl} look with server5
01[13:49] {Threei}  FB stubbornly holds that support
01[13:52] {Threei}  wow, did scottie really get snowed in? my friends in Toronto remained home, schools are closed
01[13:53] {Threei}  dp, see how AKAN failed that break you watched?
[13:53] {dptl} yes
01[13:53] {Threei}  perfect trap... that's the breakouts for you during lunch time
01[13:56] {Threei} Short Setup: CAT  .75 break hl
01[13:56] {Threei}  If holds  .85
[13:57] {thomcbell}  long setup dvn 60.23 if holding 60.15
[13:57] {thomcbell} half lot only for me
[13:57] {dptl} how you can see anything with this charts Vad?
01[13:57] {Threei}  I squint
[13:57] {nemo} darth VADer
[13:58] {dptl} no i mean 3 hours no data
[13:59] {nemo} go to freestockcharts.com dp
01[13:59] {Threei}  gosh, have a look at backup... freestockcharts.com
[13:59] {nemo} ahhh....Vad
01[13:59] {Threei}  come on man, life is not that bleak :)
01[13:59] {Threei}  oh... and squint :)
[13:59] {dptl} i know i have it...but its only bats data isn it?
[14:00] {nemo} the chart is pretty accurate
06[14:00] * Threei sends dp a bottle of Smirnoff
[14:00] {nemo} Smirnoff...that's disgusting
[14:00] {nemo} I understand it's DP, but...
01[14:00] {Threei}  yes... you think I'd send him Grey Goose?
[14:00] {dptl} lol
[14:00] {nemo} Oh right, you don't have Tito's which is excellent and cheap
[14:01] {thomcbell} i like that Ultima
[14:01] {thomcbell} Tito too
[14:01] {nemo} and exactly what are your qualifications thom?
[14:01] {thomcbell} volume
[14:01] {nemo} try the maddog 20/20 then
[14:01] {thomcbell} lol\
[14:02] {nemo} gotta' start stormdrinking
01[14:02] {Threei}  how is it different from regular drinking?
[14:03] {nemo} it's not, but it's a rationalization
[14:03] {nemo} You know what's nice about if the power goes out in winter
[14:03] {nemo} ?
01[14:03] {Threei}  yikes
[14:03] {nemo} You don't have to worry about the food going bad in the refrigerator
01[14:04] {Threei}  not our case... too warm usually, power is interrupted by winds rather than snow
[14:08] {thomcbell} dvn 1:1
01[14:10] {Threei}  market is glued ti the place
[14:10] {nemo} well iwm and spy headed for trend lines
01[14:13] {Threei} Short Setup: BBRY  .60 break
01[14:13] {Threei}  If holds  .70
01[14:13] {Threei}  no go CAT
[14:14] {dptl} stopped cat
01[14:14] {Threei}  BBRY setup is likely to be one of those on again off again
01[14:14] {Threei}  if invalidates, keep it on radar for possible reestablishing
01[14:14] {Threei}  valid so far
[14:16] {thomcbell} its finally gotten tired
01[14:16] {Threei}  volume is low on otday's red bar though
01[14:17] {Threei}  maybe just taking a breather
[14:21] {nemo} http://theweek.com/article/index/239917/mans-common-ancestor-with-other-mammals-a-rat
[14:21] {nemo} Politicians explained....actually I guess it's an insult to rats
[14:22] {Will49} well...i don't give rats ass personally
[14:22] {Will49} a
01[14:23] {Threei}  {Rats} damn well you don't - it's not yours to give!
[14:23] {Will49} agreed
01[14:24] {Threei}  come on BBRY, break and drop like a
01[14:24] {Threei}  hmmm
01[14:24] {Threei}  prom dress?
01[14:38] {Threei}  wow... look at this flatline SPY
01[14:38] {Threei}  whole day, right after the morning activity was over
[14:40] {Will49} maybe the algo computers are taking a snow day
01[14:47] {Threei}  Ok BBRY, little bounce andf then decisive break please
[14:48] {jdetente} ok let's see it drop
01[14:48] {Threei}  yes please
[14:50] {dptl} stop .71?
01[14:50] {Threei}  yup
01[14:59] {Threei}  1:1
01[14:59] {Threei}  gotta love BBRY... our new best friend
[15:00] {dptl} all out ty....got to go have a good weekend all see ya monday
01[15:01] {Threei}  have a good weekend dp
[15:01] {dino} cya
[15:01] {dino} snfca drop
[15:01] {Will49} be good dp
[15:01] {dino} sm l .26
[15:02] {dino} stop -.27
[15:03] {dino} reload sm .80
[15:07] {dino} stop again -.30
[15:08] {dino} f'ing rinsed, that makes 3 today
[15:12] {thomcbell} cleaning up last 1/4 of dvn here
[15:18] {dino} nsp filling nov gap
[15:20] {dino} meli drop
[15:21] {dino} meli sm l 82.76
01[15:22] {Threei} Short Setup: FB  .80 break
01[15:22] {Threei}  If holds  .85
[15:23] {nemo} http://news.yahoo.com/why-snowstorm-named-nemo-193003961.html
[15:24] {thomcbell} bbry 1.58 long break Vad
[15:25] {dino} stop meli, stupid, had profit on it
01[15:25] {Threei}  rather .60 tbell... but I personally will skip it
01[15:25] {Threei}  don't feel conviction in the market on a long side
[15:26] {thomcbell} your not aloud to be crabby sensai
01[15:26] {Threei}  why?? nemo is, why not I...
01[15:26] {Threei}  sniff sniff
[15:26] {nemo} it's "sensei"
[15:28] {dino} another f'ng rinse, meli. wtf
[15:28] {nemo} KY dino
[15:28] {thomcbell} nemo crabby even after storm naming today
[15:28] {dino} yeah, starting to feel that way, thats 4 today
[15:28] {nemo} I'm not crabby today
01[15:29] {Threei}  die FB
01[15:30] {Threei}  good boy... couple more cents for first partial please
01[15:30] {Threei}  half out
01[15:31] {Threei}  aiming for closer to .60 and playing by the book
01[15:31] {Threei}  stop trailed to .81
01[15:32] {Threei}  so what do you think, dp really left or quietly trading?
01[15:35] {Threei}  let
01[15:35] {Threei}  let's check that theory...
06[15:35] * Threei slaps dptl around a bit with a 750 ml bottle of Stolychaya
01[15:36] {Threei}  no sound of body hitting the floor... must have left
[15:37] {nemo} stolychniya...yeeech
01[15:37] {Threei}  again...
[15:37] {jdetente} one last push here...and joy :)
01[15:37] {Threei}  why would I sacrifice Grey Goose for that
01[15:37] {Threei}  FB 1:2, out in full
[15:37] {thomcbell} excellent Vad
[15:38] {nemo} I just said Stoli sucks, I didn't say sacrifice the grey goose.  If you're gonna' smack him with something, just use a lead pipe
[15:38] {Will49} Great Vad tks
01[15:38] {Threei}  ye sir
01[15:38] {Threei}  yw
01[15:38] {Threei}  this is so... inelegant, nemo
01[15:38] {Threei}  effective, yes
[15:38] {nemo} I can do violence elegantly, you can't
[15:39] {nemo} settle for effectiveness
01[15:39] {Threei}  that's why I have to use more elegant tools than lead pipe
[15:39] {nemo} a waste of vodka that you could use for rust remover
01[15:39] {Threei}  why would I need drunk rust all over the place
01[15:42] {Threei}  gosh... someone on TV just said "snowpocalypse"
[15:47] {thomcbell} good weekend everyone
[15:47] {dino} cya
01[15:47] {Threei}  ok guys, nice finish to a nice week, second in a row with no losing days
01[15:47] {Threei}  thank you all
[15:48] {nemo} cya Monday...maybe
01[15:48] {Threei}  have a great weekend, see you tomorrow
[15:48] {Will49} see ya Vad
01[15:48] {Threei}  stay safe nemo
[15:48] {jdetente} have a great weekend guys. Good trading this week
01[15:48] {Threei}  all you east coast folks