Sept .05 2013

And we are back on a winning track, with nicely profitable calm day. One of those stress-free trading sessions when everything goes smoothly and without any tensions. Except traditionally mildly funny jokes and lighthearted bickering that help spend time while waiting for a trade to resolve.

Session Time: Thu Sep 05 00:00:00 2013
[09:05] {dino} gm
01[09:06] {&Threei}  dino :)
[09:19] {Will49} gm
[09:20] {ese} gm
01[09:22] {&Threei}  will, ese :)
[09:22] {cipher} gm
01[09:22] {&Threei}  cipher :)
[09:22] {RonS} hey guys
[09:23] {nemo} chopped liver here
[09:23] {bbobr} gm
[09:24] {cc_9} gm folks
01[09:24] {&Threei}  ron, bbobr, cc_9 :)
[09:26] {ese} will....how was your summer
[09:26] {Will49} excellent ese
[09:26] {Will49} you?
[09:26] {ese} gonna be starting up the grimbergen tradition at some point
[09:26] {Will49} yeah
[09:28] {ese} too busy I think....fixing up the rental property and then traveling
01[09:30] {&Threei} Short Setup: GDX  .35 break
01[09:30] {&Threei}  If holds  .40
[09:35] {cc_9} CONN, now that's a gap.
01[09:35] {&Threei}  1:1
[09:36] {ese} L ccl .64
[09:39] {nemo} spy going for the 50 day
[09:39] {ese} out ccl .75 +.11
01[09:41] {&Threei}  1:2
[09:41] {robbers} Out in full now, thanks.
01[09:42] {&Threei}  yw
[09:46] {nemo} and there is the 50 day on the spy
[09:46] {dino} hdb sm s .65
[09:46] {cc_9} CONN back over $60
[09:47] {cc_9} clearing $61 gives it a nice few point push
[09:47] {cc_9} Clearing $60.50, there she goes
[09:50] {cc_9} Should get another leg up in CONN, catching some bids
[09:50] {dino} ibn sm s .35
01[09:50] {&Threei}  stop .21
[09:51] {dino} ibn stop .51 -.16
[09:52] {ese} L rax .01 sdrl .00
[09:52] {cc_9} CONN still cranking, .60s bid
[09:53] {nemo} 61.11 the 50 day
[09:53] {Will49} good trade, ty Vad
[09:53] {cc_9} CONN push through $61 beautiful
01[09:53] {&Threei}  yw
[09:54] {dino} hdb stop .93 -.28
01[09:55] {&Threei} Long Setup:  CAT  .20 break hl
01[09:55] {&Threei}  If holds  .10
[09:55] {cc_9} CONN } 61.50 plowing to $62
[09:55] {dino} you in conn cc9?
[09:55] {cc_9} out early 61.15 :(
[09:56] {cc_9} entry Dino }}} http://img12.imageshack.us/img12/7530/k2m9.jpg
01[09:57] {&Threei}  meh
[09:57] {cc_9} CONN through $62 like butter
01[09:59] {&Threei}  *(US) AUG ISM NON-MANUFACTURING COMPOSITE: 58.6 V 55.0E
01[10:00] {&Threei}  *(US) JULY FACTORY ORDERS: -2.4% V -3.4%E
[10:00] {dino} ibn sm s ,48 stop .55
01[10:01] {&Threei} Long Setup:  TZA  .15 break
01[10:01] {&Threei}  If holds  .05
01[10:01] {&Threei}  change to .10 break
01[10:01] {&Threei}  If holds  26
01[10:03] {&Threei}  1:1
[10:04] {dino} nice tza
[10:05] {cc_9} CONN volume still steady/high, no slowdown
01[10:05] {&Threei}  ty
01[10:12] {&Threei}  gold takes good economic numbers really hard
[10:12] {nemo} crash of dreams
01[10:13] {&Threei}  yeah
01[10:13] {&Threei}  war talk helps it for a day... how pathetic
[10:18] {dino} sap sm l .24
[10:25] {nemo} is it August?
[10:26] {Will49} another market transition day Vad?
[10:27] {nemo} well, the SPY high is pretty much the 50 day you also have the big unemployment report tomorrow
[10:27] {nemo} but finnies are strong
01[10:28] {&Threei}  so far looks good will, no?
[10:28] {Will49} just wanted to know if this is a good day to sort my sock drawer
01[10:28] {&Threei}  who knows
[10:29] {nemo} and clean out the toe jam
[10:29] {Will49} yes...so far so good Vad
[10:29] {Will49} nemo..I have a wife...no toe jam allowed
[10:31] {dino} sap stop .14 -.10
[10:32] {Will49} cc_9...on DAS, is it best to have my routing default set for ARCAL ?
[10:32] {cc_9} Will, for limit orders sure.
[10:32] {dino} sds l .90
[10:33] {Will49} only use limit orders per my boss
[10:33] {cc_9} In that case you can use ARCAL as default route.
[10:33] {nemo} your wife?
[10:33] {Will49} tks cc
[10:34] {cc_9} Same goes for if/when you decide to use hotkeys, you can auto route to ARCAL as well.
[10:34] {cc_9} Also, market dumping, no news
01[10:36] {&Threei}  aww TZA
01[10:37] {&Threei} Short Setup: GDX  .95 break
01[10:37] {&Threei}  If holds  28
01[10:40] {&Threei}  1:1
[10:42] {cc_9} SPY comment from stocktwits "$SPY It might be over. This might be it. "
[10:42] {cc_9} I've heard that daily since 2009
01[10:42] {&Threei}  no kidding, lol
[10:43] {nemo} it just bounced at the Monthly Pivot, and it's top was the 50, you've got that big unemployment report tomorrow,
[10:43] {cc_9} it might be "it" bc SPY dropped $0.40 on 2.4M shares
[10:43] {Will49} sheeesh...had a total PC choke...had to reboot
[10:44] {Will49} are we in anything?
[10:44] {Will49} other than the doldrums
01[10:44] {&Threei}  ugh... missed a play
01[10:44] {&Threei}  GDX short from .95
[10:45] {Will49} crap
01[11:05] {&Threei} Long Setup:  TZA  .35 break
01[11:05] {&Threei}  If holds  .30
01[11:09] {&Threei}  Invalidated
01[11:13] {&Threei} Long Setup:  JPM  .35 break
01[11:13] {&Threei}  If holds  .27
01[11:16] {&Threei}  Google's attorneys say their long-running practice of electronically scanning the contents of people's Gmail accounts to help sell ads is legal, and are asking a federal judge to dismiss a lawsuit that seeks to stop the practice.
01[11:16] {&Threei}  In court records filed in advance of a federal hearing scheduled for Thursday in San Jose, Google argues that "all users of email must necessarily expect that their emails will be subject to automated processing."
01[11:16] {&Threei}  really?
[11:17] {ese} whoa....big time thunder in our end of town vad....
01[11:17] {&Threei}  I don't remember "necessarily expecting" that my letter would be opened and read by post office
01[11:17] {&Threei}  same here ese
01[11:17] {&Threei}  don't see rain clouds though... maybe war started?
[11:18] {ese} ya
01[11:18] {&Threei}  The class action lawsuit, filed in May, says Google "unlawfully opens up, reads, and acquires the content of people's private email messages" in violation of California's privacy laws and federal wiretapping statutes. The lawsuit notes that the company even scans messages sent to any of the 425 million active Gmail users from non-Gmail users who never agreed to the company's terms.
[11:18] {ese} my thoughts on the google issue ......."of course the blighters are gonna do it"...people would be stupid to think otherwise
[11:19] {Will49} Americans firing across straights of Jan e Fuca
[11:19] {Will49} de
01[11:19] {&Threei}  doesn't mean it's right
[11:19] {ese} at your house will
01[11:19] {&Threei}  hope lawsuit proceeds and nails them
[11:19] {ese} vad and I are on good terms
[11:20] {Will49} yes, here too
[11:20] {ese} we regularily send send pirate kegs of whisky illegally across the straight in open boats
01[11:21] {&Threei}  might be my fault ese... I tend to drink about half of their content before loading them on a boat
[11:22] {ese} damn........how many times Have I told you!!!!!!!!!!!!
01[11:23] {&Threei}  sorry... temptation was too great to resist
01[11:23] {&Threei}  we shouldn't have made the stuff that tasty
[11:23] {Will49} Americans wouldn't have survived abolition without us
[11:24] {ese} ya just have a visit to Moose Jaw Saskatchewan.......thats where Al Capone stored his stash
[11:25] {ese} of whisky
[11:25] {Will49} good clarification
01[11:28] {&Threei}  he liked it chilled, eh?
[11:29] {Will49} :)
01[11:34] {&Threei}  1:1
01[11:34] {&Threei}  will, I think we have an answer to your question earlier... it's not a transition day, neiling them pretty good :)
01[11:34] {&Threei}  1 small stop
01[11:34] {&Threei}  the rest are wins
[11:35] {robbers} Half out.
01[11:35] {&Threei}  let's deploy profit preservation procedure, and let's not forget nag alex about missed good day when he is in
[11:37] {fish_49} good idea Vad  and don't forget lets insult Nemo in place of Les
01[11:37] {&Threei}  how could we
01[11:37] {&Threei}  we wake up with this thought
[11:37] {fish_49} lol
01[11:37] {&Threei}  we go to sleep with this thought
[11:38] {ese} The gods are not liken what I'm doing this morning.....thats some serious thunder......."Thor Baby!!!!! Take it easy!!!"
[11:39] {Will49} getting pretty dark down here on south tip
[11:40] {Will49} first thunder this year, no?
[11:41] {fish_49} is it snow thunder?
[11:41] {Will49} get lost!
[11:41] {ese} yes
[11:41] {fish_49} lol
[11:41] {ese} lol
[11:41] {Will49} actually the eskimos here rubbing noses together
[11:42] {fish_49} what are the temps there day and night?
[11:42] {Will49} you wouldn't understand celcius
[11:43] {fish_49} I have a pc  and internet  I can convert
[11:43] {Will49} see how mad he made me with that snow remark?
01[11:43] {&Threei}  I can relate will
01[11:44] {&Threei}  thought of snow makes me want to inslut nemo 3 times in a row
[11:44] {Will49} fish...parle vous Francais?
[11:44] {fish_49} no  English and korean
[11:45] {fish_49} Hangul
[11:45] {Will49} is that like fungul?
[11:45] {fish_49} very close but nothing close
[11:46] {Will49} fish...it's 18C at my house
[11:47] {Will49} can get up to 26-28C and rarely falls below 0C in winter
[11:47] {fish_49} wow  little chilly
01[11:47] {&Threei}  ocean shore
[11:47] {Will49} normal high this time of year is 20C
[11:48] {fish_49} and same as seattle  very little sunshine?
01[11:48] {&Threei}  way more that Seattle
[11:48] {Will49} sunshine that is
01[11:48] {&Threei}  we have about half of the Vancouver rain
[11:48] {RonS} agree
01[11:48] {&Threei}  that = than
[11:48] {Will49} and half the real estate prices
[11:49] {RonS} 5% of the Asians?
01[11:50] {&Threei}  maybe 10
[11:50] {fish_49} 10% or 10 Asians?
01[11:50] {&Threei}  lol
[11:51] {fish_49} cc_9  are you Asian?
01[11:51] {&Threei}  he is from Jupiter
01[11:52] {&Threei}  three little antennaes behind the ears betray him
01[11:53] {&Threei}  we Saturn residents recognize Jupiterians right away
[11:53] {nemo} http://bit.ly/15yj1tz
01[11:53] {&Threei}  you Earthlings might have a little problem telling them from Martians
[11:55] {Will49} nemo...you trying to sell me on something?
[11:55] {Will49} what was that link supposed to be?
[11:55] {nemo} couldn't see it?
01[11:55] {&Threei}  no
[11:55] {nemo} oh well
[11:55] {Will49} add for gmail
[11:55] {Will49} ad
[11:56] {nemo} I forwarded it to Vad
[11:58] {nemo} here's today's SPY structure:  http://bit.ly/15yjXOD
[11:58] {RonS} ya think?  IOC presidency candidate says concerns remain for Rio de Janeiro Olympics
[11:59] {nemo} Here's IWM:  http://bit.ly/15yk2lB
01[12:00] {&Threei}  why Ron? I missed that hoopla I think
01[12:09] {&Threei} Short Setup: SLW  .80 break
01[12:10] {&Threei}  If holds  .90
[12:11] {ese} am outta here.....still long RAX SDRL.....stops in cya tomorrow
01[12:11] {&Threei}  take care ese
[12:13] {dino} pbyi sm s .51
[12:15] {fish_49} Im in my first Futures trade @cz13 @ 459  wish me luck  lol
[12:15] {Will49} bon chance mes ami
01[12:16] {&Threei}  don't have anything to track it with fish
01[12:16] {&Threei}  let us know how it goes
[12:16] {fish_49} ahh  no date feed for futures?
01[12:16] {&Threei}  nope
01[12:17] {&Threei}  unless there are some real time websites, like for stocks
[12:19] {fish_49} can users post jpg file here?
01[12:19] {&Threei}  no such capability
[12:24] {nemo} conn at vwap
[12:25] {nemo} drops this next support .26
[12:25] {nemo} mmhhhh, where's Alex getting his fair share today
01[12:27] {&Threei}  pub?
[12:29] {fish_49} organizing his sock drawer
[12:30] {nemo} bunny is sitting in mine
[12:32] {dino} conn sm l .00
01[12:33] {&Threei}  no go
[12:33] {nemo} ,40 area resistance dino
[12:34] {dino} out conn .43, +.43
[12:34] {nemo} one in the hand
[12:35] {dino} thx nemo
[12:35] {nemo} mp
[12:45] {nemo} finnies and spy flat, iwm relatively strong
[12:47] {nemo} expe looks short
[12:57] {nemo} expe Vad?
01[12:57] {&Threei}  I like
[12:57] {nemo} you likey long time?
01[12:57] {&Threei} Short Setup: EXPE  48 break
01[12:58] {&Threei}  If holds  .10
[13:00] {dino} data drop
[13:02] {nemo} expe is a liberal plot
[13:02] {Will49} ha
01[13:05] {&Threei}  lol
[13:13] {nemo} wow, spy done less than 37.5 mil shares so far
[13:13] {nemo} wow
01[13:18] {&Threei} Short Setup: JPM  .20 break
01[13:18] {&Threei}  If holds  .25
[13:19] {cc_9} SPY action = yawn
[13:20] {nemo} SPY action=Les' sex life
[13:21] {Will49} sheeesh nemo...even in abstenia
[13:21] {Will49} abstentia
[13:21] {nemo} you always pick on people when they
[13:21] {nemo} 're not around
[13:21] {nemo} they can't defend themselves
[13:21] {Will49} are you hoping he reads the log afterward?
06[13:21] * &Threei adds another quote to the file "Everything nemo said about Les while Les was away," to be forwarded to Les for Les to be ready to come in guns blazing
[13:22] {nemo} You could give him a B-52, I'd still kill him
01[13:23] {&Threei}  maybe but we don't want Les to be gunless, do we
[13:23] {nemo} fair fight?  sheesh
01[13:23] {&Threei}  rather interesting fight
01[13:23] {&Threei}  I don't want it to be quick
01[13:23] {&Threei}  (she said)
[13:24] {nemo} you're middlename is "minuteman" right?
06[13:24] * &Threei slaps nemo around a bit with a brick
[13:24] {nemo} this room is not really a good example of adult behavior
01[13:25] {&Threei}  wasn't supposed to be
[13:25] {nemo} didn't say it was
01[13:26] {&Threei}  but... do you know what she answered when nemo said "I am going to make you the happiest woman in the world"
01[13:26] {&Threei}  ?
06[13:26] * nemo slaps threei around with a steel reinforced cinder block
[13:26] {nemo} You're leaving?
01[13:26] {&Threei}  "I'll miss you."
[13:26] {goinshort} half time show here, sure is interesting!
01[13:26] {&Threei}  lol
[13:26] {nemo} you should see Vad's cheerleader outfit
01[13:27] {&Threei}  meh... too ordinary now after Dart Vader stole it
[13:27] {goinshort} good thing no video
[13:29] {nemo} somebody remind me to buy reading glasses
[13:42] {dino} conn sm l .25
[13:43] {dino} lol nemo, i just started using them for trading this sumer
[13:43] {dino} summer
01[13:43] {&Threei}  so did I
[13:43] {nemo} I've got my computer glasses, but in lowlight, reading is difficulter
01[13:50] {&Threei}  (SY) US Ambassador to the UN Power: There is not a viable path with the UN security council to address the chemical attacks in Syria
[13:55] {cc_9} RMTI ripping short traders, no fade yet
[13:56] {fish_49} huh  honestly  tell me what the UN is designed to do?
[13:57] {nemo} we invented it and put it in New York so we could spy on them
[14:06] {Will49} Like John McCain, I'd be better off playing online poker right now
[14:07] {nemo} iwm in uptrend finnies in downtrend spy flat
[14:10] {fish_49} putin called Kerry a liar  lol  like Putin never lied?
01[14:11] {&Threei}  he never said he didn't
01[14:11] {&Threei}  or he would have lied
01[14:12] {&Threei}  (see what I did there?)
[14:12] {fish_49} yea
[14:12] {fish_49} he didn't want to be a liar  so he didn't lie
01[14:12] {&Threei}  there you go
01[14:12] {&Threei}  full version:
01[14:13] {&Threei}  he didn't want to be a liar so he didn't lie about him never lying
[14:13] {Will49} who's on first?
[14:13] {fish_49} Nemo
[14:13] {Will49} no...who's on first!
[14:14] {fish_49} nemo
[14:14] {Will49} nemo's on second base, who's on first
[14:14] {fish_49} _diego?
[14:14] {Will49} man, you've got to be bored to engage in this :)
[14:15] {fish_49} Im watching Corn Grow
[14:15] {Will49} no. diego's on third base, "who" is on first
[14:17] {Will49} http://www.abbottandcostello.net/clips/who1st.wav
[14:22] {nemo} looks like we should come in here
[14:23] {_diego} I'm diego. I'm testing the free trial
[14:25] {fish_49} Welcome Diego
[14:25] {_diego} thanks Fish
[14:25] {fish_49} I'm new here also  hope you find the room entertaining and profitable.  
[14:25] {Will49} Don't worry diego, this is a bit of a wingy place sometimes
[14:26] {Will49} just be happy to stay off nemo's radar
[14:27] {Will49} but seriously, it's agreat place to learn
[14:27] {_diego} day very quiet. with very low volumen. was hard not?
01[14:28] {&Threei}  yes but nicely profitable
01[14:28] {&Threei}  andf that's what counts
[14:28] {_diego} the operations in GDX were very nice
[14:28] {fish_49} Low volume days sometimes mean only a few setups   so when there are only a few set ups we just sit around and insult Nemo
01[14:29] {&Threei}  and enjoy his reciprocation
01[14:29] {&Threei}  also, if he insults us first, we become reciprocators
[14:30] {fish_49} I think he is petting the bunny now  not paying attention to us
[14:30] {Will49} is "petting the bunny" code for something else?
[14:30] {RonS} lol
01[14:33] {&Threei}  diego, make sure you read http://www.realitytrader.com/tradingroom/#instructions to follow the room procedures
[14:35] {fish_49} major news out tomorrow.  Could mean QE start up or delay?
[14:35] {fish_49} http://www.youtube.com/watch?v=PTUY16CkS-k
[14:35] {fish_49} covers it well
[14:35] {_diego} thanks Threei. I already read
[14:35] {fish_49} if the link don't work  see youtube and search QE explained
01[14:36] {&Threei}  :)
01[14:40] {&Threei} Short Setup: JPM  .20 break
01[14:40] {&Threei}  If holds  .30
01[14:42] {&Threei}  how does that futures trade work, fish?
[14:42] {fish_49} Corm market closed  I'm swing trading it  I'm up 3 points $150
01[14:43] {&Threei}  corner the cotton market
[14:44] {dino} boy plunger
01[14:44] {&Threei}  :)
[14:45] {fish_49} Vad is Boy Plunger
[14:45] {fish_49} I would never try to take that name
[14:45] {fish_49} Jessie would not like it
[14:46] {fish_49} Vad is the Russian Version  Boy plungr
[14:52] {fish_49} cotton looks fun for a swing trade
[14:52] {dino} bal
[15:01] {nemo} I would never have thought that a september day might actually be the lowest spy volume of the year
[15:02] {nemo} sheesh, and I'm out of hard liquor
01[15:03] {&Threei}  it's a jewish holiday nemo
[15:03] {nemo} oh yeah, forgot
[15:03] {nemo} Happy frickin' New Year
01[15:03] {&Threei}  fear not, I am here to refresh your fibble and progressively weakening memory
01[15:04] {&Threei}  and the best moment is in the future: when Les enters thew room and you politely say "good morning stranger" to him, I will rtemind you...
[15:04] {fish_49} I'm starting to think they are cousins
01[15:04] {&Threei}  or not... I might just as well leave you unaware, and let Les have his sweet revenge
[15:05] {nemo} iwm and fas setup short spy not so much
01[15:05] {&Threei}  eq\ually fun
[15:05] {nemo} Les is from Oz
[15:06] {nemo} so the Algo's went from the Hamptons in August to Temple today
[15:06] {nemo} sheesh
[15:10] {fish_49} Les is swiss right?
[15:10] {nemo} lives there, but he's aussie
[15:11] {nemo} English refuse
[15:11] {fish_49} ohhh  did not realize that
[15:12] {nemo} frickin' Marylanders
01[15:12] {&Threei}  ok JPM
01[15:12] {&Threei}  time to trigger and die
[15:18] {nemo} iwm at the bottom of the channel
[15:19] {fish_49} thts where I normally swim
[15:19] {Will49} lol
01[15:19] {&Threei}  lol
[15:19] {nemo} definitely bored if you're laughing at that
[15:20] {fish_49} lol admit it Nemo it gave u a smile
[15:20] {nemo} unfortunately, no...
[15:20] {nemo} now you with italian overshoes at the bottom of the channel....yes
01[15:21] {&Threei}  you see, nemo avoids smiling... his face cracks in the middle and he has to bandage it. and out all kinds of antibiotic cremes...
01[15:21] {&Threei}  put
[15:21] {fish_49} he saving the smiles for the bunny
[15:21] {fish_49} btw  whats the name of the bunny?
[15:22] {nemo} bunny
[15:22] {nemo} nephew's idea
[15:23] {fish_49} still lunch time at JP Morgan
01[15:24] {&Threei}  https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHihr9_GQhhHmRb7YLKZc7NHcDui6VkHq5Ue0Q4eNbZXlNWjyuSsE-Ywrb36O7uePctLJbxPfhw8iSFkwQrc4qjsCAaP_XKM7dmpjV97AsuGxHZTVrWBs4PWv2uouqiOoKETCHR66oAIAb/s1600/GoodMorning.jpg
01[15:24] {&Threei}  https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTEYJt94G9Ht3dmemIb0d07jPQ-xtGTbFPZgUUR9IeLdDFfQzknfbubSwCmdLy1QMknzDaQ4oGJNLU_Qdg0V3gynealKCCo3AJUu8loFAWeh0HvyFbUwrgJuc1tP9wfJTxybeJB4rh6Pej/s1600/GRUMPYCATveg.jpg
[15:24] {fish_49} lol
01[15:25] {&Threei}  I need to make another one... "I tried smiling one. It hurt."
01[15:25] {&Threei}  once
[15:30] {nemo} IWM finds support at bottom of channel which coincides with R1
[15:32] {fish_49} JPM is slower that the video Vad made title= Lunch money
01[15:33] {&Threei}  what's your hurry
[15:33] {fish_49} Dinner time  soon
[15:33] {fish_49} lol
[15:33] {fish_49} lunch is over
01[15:33] {&Threei}  I am yet to meet a salesperson in the store who says "I am sorry sir, I can't accept payment for this since this money you intend to use was made too slowly"
[15:34] {fish_49} lol
[15:34] {fish_49} lol
[15:35] {fish_49} I want to make it faster than my wife spends it
01[15:35] {&Threei}  well, I heard nemo makes special brakes for wivies spending habits
[15:36] {nemo} ?
[15:36] {nemo} maybe for oral habits
[15:36] {Will49} no, that's me Vad
01[15:37] {&Threei}  ah, OK
[15:37] {fish_49} 2 months ago the wife lost her credit card,  I didn't bother reporting it because the people who found it spend less than she does
01[15:37] {&Threei}  lol
[15:37] {Will49} LOL
[15:38] {nemo} you insulate the dog house yet?
[15:38] {fish_49} Piped in AC
[15:39] {Will49} Vad..as we get closer to close, any wisdom in tighteneing stop?
01[15:39] {&Threei}  .26, sure
[15:40] {Will49} ok
01[15:40] {&Threei}  I didn't realize we were this closde to eod... covering half at .12 - .13 would make sense
[15:41] {fish_49} moved my stop to B/E
01[15:43] {&Threei}  half out
01[15:43] {&Threei}  stop to .21
01[15:44] {&Threei}  after 2 so-so days we are back on winning streak
[15:44] {nemo} 1 day does not a streak make
01[15:44] {&Threei}  review your definition of a streak
01[15:45] {&Threei}  it was a big winning streak with 2 days brief interruption
[15:45] {fish_49} not when he runs up and down the street nakid?
[15:45] {fish_49} out in full thanks Vad
01[15:45] {&Threei}  today we return to it
[15:45] {nemo} speaking of Les jr.
01[15:45] {&Threei}  yw
01[15:47] {&Threei}  lol, imbeciles...
01[15:47] {&Threei}  start with:
01[15:47] {&Threei}  Dear Vadym,
01[15:47] {&Threei}  Recently, you received an email indicating chosen as a potential candidate to represent your professional community in the 2013 Edition of Worldwide Who's Who.
01[15:47] {&Threei}  end with:
01[15:47] {&Threei}  To ensure you are included, we must receive your verification before September 3rd.
01[15:48] {&Threei}  today is Sept 5th
[15:48] {fish_49} snail-email
01[15:48] {&Threei}  if you run a scam. can you at least get the dates right?
[15:48] {fish_49} did you sent them Nemo bank info?
01[15:49] {&Threei}  I would if I had it...
[15:50] {fish_49} do you still speak at conventions Vad?  anything coming up?
01[15:51] {&Threei}  but I have to be careful... you see, once I signed nemo up for 5 porno sites, and they complained that he slowed their servers down to crawl
01[15:51] {&Threei}  I had to apologize to them
[15:51] {nemo} Had to buy 4 more computers and triple my bandwith
[15:51] {fish_49} hahahahah  that's why he needs reading glasses
01[15:51] {&Threei}  just declined one coming up in Toronto next week, fish
[15:51] {nemo} No, at 52 it's about time
[15:52] {nemo} Toronto...mmmhhhhh, common aquaintance?
01[15:52] {&Threei}  yeah
01[15:52] {&Threei}  I do when invited as a hired gun... I don't want to organize them
[15:52] {nemo} did he take the boat to Toronto?
01[15:53] {&Threei}  stop to .16
01[15:53] {&Threei}  and to 3:58
[15:54] {nemo} I'm a fan of .357
[15:54] {fish_49} ant to even number 52
01[15:54] {&Threei}  kind of Soviet Army order... "dig from this fence to 6 pm"
01[15:55] {&Threei}  (SY) UN Sec General Ban: Not expecting a military resolution to the Syria crisis; any response to the use of chemical weapons must be within the UN charter
01[15:55] {&Threei}  which is what, saying "tsk tsk tsk"?
[15:55] {nemo} maybe Al Quaeda can bomb the UN
[15:55] {robbers} Out JPM, thanks for the slow money, will spend it slowly.
01[15:55] {&Threei}  :)
[15:56] {Will49} out, tks Vad
01[15:56] {&Threei}  yw guys
[15:56] {fish_49} have a great night guys
[15:56] {fish_49} you too Nemo
01[15:56] {&Threei}  you too
01[15:56] {&Threei}  thank you all
01[15:56] {&Threei}  have a great evening
[15:56] {nemo} cough
[15:56] {nemo} hack
[15:56] {nemo} gag
[15:56] {nemo} oy
[15:56] {Will49} cheers
01[15:56] {&Threei}  see you tomorrow
[15:56] {nemo} well wishes kill me

Sept 04 2013

What was developing as a nice day, ended about flat with a few stops closer to the end of the sessions. Oh well, market transition days are often like this - takes a few sessions to readjust. There has been interesting discussion about trading platform and pivot point levels though, so make sure to read up on that. 

Session Time: Wed Sep 04 00:00:00 2013
01[09:15] {&Threei}  yawn
01[09:15] {&Threei}  nemo, have a look what happens in this quiet town: http://www.youtube.com/watch?v=zn-7nbU9xho
[09:18] {Will49} gm
[09:18] {RonS} gm
01[09:19] {&Threei}  will, ron :)
[09:21] {dino} gm
01[09:21] {&Threei}  dino :)
[09:21] {cipher} gm
01[09:21] {&Threei}  cipher :)
01[09:22] {&Threei}  I wonder what would have happened to those dogs were the cougar a bit more hungry
[09:25] {bbobr} gm
[09:25] {Alexs} gm
01[09:25] {&Threei}  bbobr, alex :)
01[09:29] {&Threei} Short Setup: GDX  28 break
01[09:30] {&Threei}  If holds  .10
[09:31] {cc_9} gm all
01[09:31] {&Threei}  cc9 :)
01[09:32] {&Threei}  Apple Inc Tech blogs speculate that a new television product to be possibly unveiled at the Sept 10th event
[09:32] {nemo} I love speculation
01[09:32] {&Threei}  no go
[09:34] {dino} gwre sm l .80 gappy
[09:35] {dino} stop gwre .50, -.30
01[09:36] {&Threei} Long Setup:  C  .45 break
01[09:36] {&Threei}  If holds  .40
01[09:38] {&Threei}  1:1
[09:39] {cc_9} FRAN monster gap down
[09:40] {dino} gwre sm l .50
01[09:41] {&Threei}  1:2
[09:41] {dino} out gwre .00, +.50
01[09:41] {&Threei}  wtg
[09:41] {dino} abm sm l .78
01[09:42] {&Threei}  Alex, hope it helps aleviate your dislike of C in the morning
[09:42] {dino} ty
[09:42] {Alexs} :)
01[09:44] {&Threei}  1:3, out
[09:45] {Will49} nice Vad tks
01[09:45] {&Threei}  can we say we got our fait share from this bank?
01[09:45] {&Threei}  fair
01[09:45] {&Threei}  yw
01[09:47] {&Threei}  UK PM Cameron: 'I accept that Britain can't be part, and won't be part, of any military action' on Syria
[09:48] {Alexs} progressives want more
01[09:48] {&Threei}  they always do
01[09:48] {&Threei} Long Setup:  JCP  .40 break
01[09:48] {&Threei}  If holds  .35
01[09:51] {&Threei}  come on, really?
[09:54] {dino} ubnt sm l .70
[09:56] {Alexs} jcp double top?
01[09:57] {&Threei}  can't tell
01[09:57] {&Threei}  watching WMT for long etnry
01[09:58] {&Threei} Long Setup:  WMT  .80 break
01[09:58] {&Threei}  If holds  .75
01[09:59] {&Threei}  *(US) SEPT IBD/TIPP ECONOMIC OPTIMISM: 46 V 46.0E
01[09:59] {&Threei}  1:1
[10:00] {dino} cboe hl l .95
[10:01] {cc_9} iWatch release today ?
[10:01] {Alexs} you mean samsung
01[10:02] {&Threei}  General Motors Corp Reports Aug US sales +14.7% y/y at 275.9K units v 267Ke
01[10:02] {&Threei}  General Motors is undead
01[10:02] {&Threei}  04 Sep 09:58 [NSANY] Reports Aug US vehicle sales +22% y/y
01[10:03] {&Threei}  huh... I bought no Nissans this year...
[10:05] {dino} sm l fran .93
[10:10] {dino} stop to .99 ubnt
[10:10] {dino} stop to .20 cboe
[10:10] {dino} stop to .24 abm
[10:11] {dino} out abm .24, +.46
[10:11] {dino} ubnt to .10
[10:14] {dino} out ubnt .20, +.50
[10:14] {Alexs} nice trading dino wtg
[10:14] {dino} ty buddy
[10:15] {ese} mornin slept in
[10:15] {nemo} yahoo grind up day
[10:16] {dino} to your corner ese
[10:16] {Alexs} msft short .20?
[10:17] {dino} out cboe .19, +.24
01[10:17] {&Threei}  1:2
01[10:17] {&Threei}  took its time but what's our hurry
[10:17] {dino} out fran .97, +.04
01[10:18] {&Threei}  hey Alex, we are getting our fair share from the biggest retailer in the world
01[10:18] {&Threei}  morning ese
[10:18] {Alexs} very progressive
01[10:19] {&Threei}  not sure about MSFT
01[10:19] {&Threei}  I'd prefer to short into bounce
[10:19] {Alexs} k
01[10:19] {&Threei}  ese, I assume first day in school took all your energy
01[10:20] {&Threei}  you may be forgiven... but let it be the last time
[10:22] {ese} got that right vad
[10:22] {ese} ok
[10:26] {dino} panw sm l .38
[10:27] {fish_49} ese what subjects do you teach?
[10:27] {Will49} beer drinking
01[10:28] {&Threei}  out last part on a trail
[10:28] {dino} fran sm l .83
[10:30] {ese} band and mathematics fish
[10:30] {nemo} definitely not English
[10:31] {ese} wanted to teach beer drinking but the students said no.........the staff wanted me to go ahead with it
[10:32] {dino} kmi drop
[10:32] {nemo} then of the course there was the birth certificate alteration class so you could molest the students legally
01[10:33] {&Threei}  you have weird students... they said no to beer?
[10:33] {nemo} sheesh...where did that come from
[10:33] {dino} sm l .76 kmi
[10:33] {fish_49} nemo weird today
01[10:33] {&Threei}  today??
[10:33] {fish_49} Im mean lil more weird than any other day
[10:33] {fish_49} lol
[10:33] {nemo} nice setup fish
[10:34] {ese} ya......beer is too tame for them
01[10:34] {&Threei}  weird day is when nemo is not weird
[10:34] {fish_49} yea I did notice somedays he says very lil
[10:34] {nemo} see how long it took for Vad to pounce, his fingers were moving before his mind new it read your comment
[10:34] {fish_49} not often
[10:35] {nemo} wow, that was one of the more amazing examples of being in Zen I've seen in a while
06[10:35] * &Threei takes a bow
[10:36] {nemo} really think you should bend over in front of me?
01[10:36] {&Threei} Short Setup: MCD  .90 break
01[10:36] {&Threei}  If holds  95
[10:36] {fish_49} Nemo on a perversion roll today
01[10:37] {&Threei}  again...
[10:37] {nemo} always on a perversion roll, just dependent on commentary
01[10:37] {&Threei}  today?
[10:37] {nemo} don't tell 'em about the sheep vad
01[10:37] {&Threei}  and your knee high boots?
[10:38] {nemo} with high heels no less
[10:39] {dino} out kmi .00, +.25
[10:44] {dino} out fran .99, +.16
01[10:46] {&Threei}  1:1
[10:46] {robbers} Out half at .76
01[10:47] {&Threei}  today is good day for progressives, Alex... getting our fair share from big bank, biggest retailer and biggest fast food chain. We will show them how to exploit proletariiat
[10:48] {ese} kmi perfect hammer pattern there Dino
[10:48] {nemo} vodka?
[10:48] {nemo} mjn looking interesting
[10:49] {nemo} could bounce to the .30ish area first though
[10:50] {nemo} looks like iwm and spy might want their 50 day
[10:52] {dino} panw to b/e
[10:52] {ese} L tivo .05
[10:52] {dino} wrld drop, thin
[10:53] {dino} cboe drop
[10:59] {dino} out panw flat
[11:07] {nemo} bidu very weeka
[11:07] {nemo} weak
[11:07] {ese} Okay I'll little off my game I get that been away for a while for the month of August but Man!!! can  anything slower than tivo
[11:08] {ese} out tivo .10 +.05
[11:10] {nemo} 102.02 50 day on iwm
[11:10] {nemo} 166.22 on spy
01[11:11] {&Threei} Short Setup: GM  35 breal
01[11:11] {&Threei}  If holds  .10
[11:16] {dino} busy morning, but don't want to chase these moves
[11:17] {dino} ax murderer market, imo
[11:17] {cc_9} I see a bunch of traders hedged here expecting some profit taking on this run, so far under water for a few
[11:18] {cc_9} Could be one of those slow grind up days after the big push to sucker in late traders
[11:18] {dino} ax murderer="untrusting", from so i married an ax murderer
[11:23] {cc_9} that 35 bid holding for dear life Vad
[11:25] {Will49} finally able to uncross my eyes
[11:25] {Will49} and my legs
01[11:26] {&Threei}  lol
01[11:26] {&Threei}  Invalidated
01[11:27] {&Threei}  guys, as market activity dies down, let's devote some time to that Q/A session with cc_9 we discussed last week
01[11:27] {&Threei}  as a reminder,
[11:28] {Will49} great idea
01[11:28] {&Threei}  it's about trading platform his firm olffers,
[11:28] {cc_9} Speaking of, Will how are you feeling back on the platform ? All coming back ?
01[11:28] {&Threei}  how to use it to its full potential
01[11:28] {&Threei}  etc.
01[11:28] {&Threei}  Let's do it this way:
[11:28] {Will49} yes, you guys are so tight with your demos that I was forced to go live yesterday
[11:28] {Will49} and it feel better this morning
[11:29] {Will49} sorry Vad..for interupting
01[11:29] {&Threei}  cc_9 will start with some useful bits of information, you ask any questions you may have,
[11:29] {cc_9} Not so much tight Will, our technology provider offers demos using live data (not the delayed data other firms offer for paper accounts) and that expires after 14 days.
01[11:29] {&Threei}  and if I see something urgent to trade, I will post it in #floot
01[11:29] {&Threei}  so I don't interrupt you.
01[11:29] {&Threei}  Deal?
[11:29] {cc_9} How sweet.
01[11:30] {&Threei}  cc_9, podium is yours
[11:30] {Will49} appluase
01[11:30] {&Threei}  and don't call me sweet
[11:30] {Will49} applause
[11:30] {cc_9} Not sure where we left off last time we were discussing it, but I gave a link here for anyone to get a demo account to try the platform for a few weeks
[11:30] {cc_9} That would allow for enough time to compare with w/e anyone is using at the moment.
[11:31] {cc_9} Its my understanding that most are using retail brokerage solutions (either HTML5 web focused or platforms you download).
[11:32] {cc_9} If there is one main aspect that most people who try our DMA platforms vs retail its the speed of execution, the flexibility of the platform and the programmable hotkeys (if you prefer that over point & click)
[11:33] {cc_9} DMA = Direct Market Access, in other words, all transactions are facilitated through ECN routing as opposed to the usual market making.
[11:33] {ese} L mgm .36
[11:33] {Will49} as a newby, would hotkeys benefit me?
[11:34] {cc_9} That is of course one of the technical aspects. The fundamental aspect is that we assist clients in opening accounts and being able to daytrade without having to meet the $25k PDT requirement. "How?", because we are a proprietary trading firm as opposed to a retail broker dealer.
[11:34] {cc_9} Will, for hotkeys, there are two types : execution hotkeys and misc hotkeys
[11:35] {cc_9} Execution hotkeys can for example : F1 = buy market 500 shares / F2 = buy market 1,000 shares / F3 buy limit (on bid) 500 shares / F4 buy limit 1,000 shares (on bid)
[11:36] {cc_9} Misc for example are using the arrow up/down to increase/decrease price by $0.01 and right/left to increase/decrease share size by any default you want (usually 100 shares)
[11:36] {cc_9} So for a newbie, I would say use F1 to F4 as buy orders (market and limit) and F5 to F8 as sell orders.
[11:37] {cc_9} For example : I want to buy SSO 500 shares at $80.50 market price then right away set a limit to sell at 80.90
[11:38] {cc_9} I would press F1 (in this case) then hit arrow up until the price in the order entry shows $80.90 then hit F7
[11:38] {cc_9} as opposed to having to type the share size, click on price, hit buy. Click on share size, type price then hit sell.
[11:38] {cc_9} It makes a huge difference when a stock is moving fast or if you are managing more than one position at a time.
[11:39] {Will49} Hmmm.....probably best not to complicate my life at this point :)
[11:39] {cc_9} It really is not complicated at all Will, its just defining what a certain button does. Once that is defined, its set, you don't have to re-do it.
[11:40] {cc_9} I have a hotkey file I can simply give you and you just load it, nothing you need to do after that :)
[11:40] {Will49} OK thanks...I'll experiment
01[11:41] {&Threei}  just don't hit them by accident
[11:41] {cc_9} Another thing you can also do is to set an OCO (One Cancels the Other) order : in layman's terms if you own a position, you can set both your stop loss and also exit price at the same time, soon as one triggers, the other is automatically cancelled.
01[11:41] {&Threei}  I've seen that happen
[11:41] {cc_9} So you don't have to baby sit your trades.
[11:42] {Will49} that'd be nice
[11:43] {cc_9} Here is what OCO looks like : http://img543.imageshack.us/img543/7371/l3wd.jpg
[11:44] {cc_9} Top part = order 1, bottom part = order 2
[11:44] {cc_9} when one hits, the other gets auto cancelled.
[11:45] {Will49} tks cc
[11:45] {cc_9} Another technical aspect (that saves money), is you can pick what ECN you want to route your trades through.
[11:46] {cc_9} Lets say for example your commission rate is $0.005/share, you want to buy 1,000 shares using ARCA Limit. ARCA will pay you a rebate of $0.002 to add liquidity. Therefore you end up paying only $3.00 on that trade.
[11:46] {cc_9} If 500 shares entry, you pay $1.50 etc...
[11:47] {cc_9} This comes in very handy if you trade liquid stocks and prefer to sit on bid/offer to get your fills on buy/sells
[11:48] {cc_9} Here is a simple layout that I can transfer to anyone that wants it (or you can build your own) http://img33.imageshack.us/img33/5787/vkn.JPG
[11:49] {cc_9} In the center top box, you will see BP, that stands of Buying Power. Its set by default 20:1 the cash balance.
[11:50] {cc_9} So when retail such as Scottrade offers $100k on $25k, we offer $500k for the same deposit (and no, we don't charge $7.00 a trade :P)
[11:51] {cc_9} Here is the link again for those that missed on getting a demo last week : http://www.xxxxxxx.yyy
[11:51] {cc_9} Open to any Qs, technical or not.
[11:52] {Will49} can I leave the room, please?
[11:52] {fish_49} how much is the platform fees? and the Data Feed?
[11:52] {cc_9} Will, here is tutorial for OCO earlier : http://www.youtube.com/watch?v=yYSXRbXg-pY
[11:52] {Will49} tks cc
[11:53] {cc_9} Fish, platform and data are passed through from our technology provider (we don't mark them up), platform + all inclusive data (NYSE/NASDAQ/AMEX quotes + Level II + BATS book) is $150.
[11:53] {cc_9} Data is unlimited as far as how many Level II can be opened at any given time (only pointing this out because Laser caps them)
[11:54] {nemo} spy just reached monthly pivot in striking distance of 166, 50 day at 166.20 definite possibliity
[11:55] {dino} 1660 50 dma
[12:01] {cc_9} Fish, if you used Laser before, you can download Das and compare them.
[12:02] {ese} out mgm .43 +.07
[12:03] {nemo} iwm high is it's 50 day
[12:03] {nemo} spy within a few cents of it's monthly pivot
[12:06] {fish_49} I will give it some thought  CC  thanks
[12:06] {cc_9} no single pullback SPY since 9:35AM, thats the slow grind up we will get in the afternoon.
[12:06] {cc_9} Fish, np, feel free to ask if any Qs come up.
[12:10] {fish_49} I just recently took a course on Futures and want to explore futures...  Im gonna fund my futures account with my current equities account which means I will fall below the $25K required limit for equities. .  I am thinking  I could fund a $5K account with your platform and still trade equities because of the 20:1 leverage your offering...
[12:11] {cc_9} Yes, that is fine.
[12:11] {fish_49} can I use two platforms at the same time?
01[12:12] {&Threei}  keep your equities trading going, and test futures very carefully... I suspect you will be disappointed with them quickly
[12:12] {fish_49} yes  My issue is $  I have only $27K
[12:13] {fish_49} so I I'm thinking the solution CC is offering is a good idea
01[12:13] {&Threei}  yup
[12:13] {fish_49} if two platforms can be running at same time
01[12:14] {&Threei}  why not... the only limitation there is your computer's capabilities
[12:14] {fish_49} cool
[12:14] {cc_9} Yes, so long that you have screen space, you can run multiple platforms.
01[12:15] {&Threei}  what is it that atracts you in futures if I may ask?
[12:15] {cc_9} Das uses about 2-3% of memory with 10+ Level II data feed boxes, so you should be fine.
[12:15] {fish_49} currently have 2 27 inch monitors and have an additional 2 23 inch monitors not being used
01[12:16] {&Threei}  just send those to me
01[12:16] {&Threei}  I seem to burn through moniotors at unusually high rate, lol
[12:16] {fish_49} 2 x 23 inch monitors for sale  Cheap price..  Nemo next time your in MD  stop in you can have them for a buck or 2
[12:17] {nemo} where in MD are you?
[12:17] {nemo} oh yeah, the Fed
[12:17] {fish_49} 1.5 hours from your old stomping grounds
[12:17] {nemo} south or north
[12:17] {nemo} up by PA and Deleware, right?
[12:17] {fish_49} your from the Bowie  area?
[12:17] {nemo} yep
[12:17] {nemo} Delaware
[12:18] {fish_49} north of Bowie  exit 93  of the highway
[12:18] {nemo} ahhh
[12:19] {nemo} IWM hit the roof at the 50sma Monthly Pivot confluence
[12:19] {nemo} spy having problems with Monthly Pivot 166 confluence
[12:21] {fish_49} not far off 2 MA's
[12:22] {cc_9} Kerry is back in front of the truth panel : http://www.bloomberg.com/tv/
[12:22] {fish_49} yes they had the Top Secret Meeting today
[12:22] {fish_49} not sure if finished
01[12:23] {&Threei}  TSM with FSM
01[12:23] {&Threei}  Top Secret Meeting with Flying Spaghetti Monster
[12:23] {fish_49} He made a good case yesterday afternoon and it appears the president will get what he wants  just a matter of when
01[12:24] {&Threei}  yeah but does anyone know what he wants, including him?
[12:24] {fish_49} no  Im sure he just wants  to drop a few bombs  just so he can say :I mean what I say when I make a threat"
01[12:24] {&Threei}  even hardcore lefties that approve of every his word before its uttered have hard time accpeting this
[12:30] {nemo} iwm at channel support
01[12:31] {&Threei} Long Setup:  TZA  .50 break
01[12:31] {&Threei}  If holds  .40
[12:35] {nemo} that's funny, rabbit running around with an empty nip bottle in it's mouth
[12:38] {fish_49} same rabbit that was getting a bath?
[12:38] {nemo} no, mine-bunny
[12:38] {fish_49} huh  u have a rabbit?
[12:38] {nemo} yeah, hold on
[12:39] {nemo} oh shit, don't know how to post a picture
[12:39] {fish_49} I tried earlier  and got kicked
[12:39] {nemo} when it was a baby, my nephew saved it from a cat-the rest is history
[12:39] {fish_49} Im sure the rabbit is safe  since Vad said u like Sheep only
[12:40] {fish_49} you don't have sheep right?
[12:40] {nemo} correct
[12:40] {nemo} goats o.k.
[12:40] {fish_49} lol
[12:40] {Will49} SPCA took nemo sheep away...abuse
[12:41] {fish_49} good thing snakes don't have ears
[12:41] {nemo} one of my nephew's friends is greek.  I nicknamed him goat f'er.  Got nicknames for all his friends
[12:43] {ese} outta here cya tomorrow
01[12:43] {&Threei}  take care ese
[12:43] {fish_49} tc  ese
[12:46] {nemo} spy channel support at 165.70ish
[12:52] {fish_49} approaching a gap fill from 8/26
[13:02] {dino} astx
[13:02] {fish_49} wow
01[13:06] {&Threei}  oversat TZA?
[13:06] {dino} \halted
[13:06] {dino} astx
[13:06] {cc_9} Samsung showing their new product
[13:06] {cc_9} http://www.bloomberg.com/tv/
[13:07] {dino} astx open
[13:07] {dino} spike
[13:07] {fish_49} Note 3
[13:08] {fish_49} I'm in need of a new phone
[13:10] {dino} mdxg drop
[13:11] {fish_49} wow  from Note 3  to the watch phone  cool
[13:11] {fish_49} that was a good intro CC
[13:13] {nemo} https://secure.join.me/xxx  hey, if you guys want to see what I mean click on that number, I'll show you the levels I'm looking at
[13:14] {nemo} on my screen is spy currently see the shaded blue area-that is the gap.  The Yellow line is the Monthly Pivot
[13:14] {nemo} notice how spy is magically hanging out here
[13:14] {nemo} notice the 50day above, and the Weekly R1 just above that
[13:15] {nemo} I'll leave it there for a minute, then I'll show you the IWM
[13:15] {dino} mdxg blood
[13:16] {fish_49} what app is that Nemo?
[13:16] {nemo} Notice the top on the IWM, it's at the confluence of the 50 day SMA and the Monthly pivot
[13:17] {nemo} many times, especially with the indexes, there will be these support or resistance areas that don'
[13:17] {nemo} t
[13:17] {nemo} correspond with price levels, oftentimes they'll be longer term pivot levels
[13:18] {fish_49} would you not expect a turn down when reaching the 20 and 50 resistance?
[13:18] {fish_49} on the spy we are just below the crossover
[13:18] {nemo} Anyway, they're just a way to overlay a map on the levels
[13:19] {nemo} here's the spy again, notice it just closed that gap
[13:20] {nemo} now it will likely head for the 50 day
[13:20] {nemo} oh, let me show you the pivot worksheet
[13:21] {nemo} as you can see, there's alot of data on there
[13:21] {nemo} I can enter any stock, and get the current data
[13:21] {nemo} so it gives me all the current pivot levels and the levels that are within 8% of the current price
[13:22] {dino} wow mdxg
[13:22] {nemo} I only map the indexes on my charts, but these can be handy to check individual stocks
[13:22] {dino} 6 to 2
[13:23] {nemo} wow
[13:23] {nemo} any questions before I shut it down
[13:23] {fish_49} yes
[13:23] {nemo} ok. Joe
[13:23] {fish_49} what app is that your using to share screen?
[13:23] {nemo} join me
[13:23] {fish_49} thanks Bob
[13:24] {fish_49} free app?
[13:24] {nemo} yep
[13:24] {fish_49} ty
[13:24] {nemo} np
[13:24] {fish_49} now show us your sheep
[13:24] {Will49} LOL
[13:24] {nemo} let me dig up a picture of bunny
[13:25] {fish_49} btw  thanks for sharing Nemo
[13:25] {nemo} sureh
[13:25] {nemo}  that's a tired bunny stretched out under the chair
[13:25] {fish_49} that's not a bunny  it's a horse   (Long Legs
[13:25] {nemo} that's bunny sitting on her perch in the window
[13:25] {nemo} here she wants raisins
[13:26] {fish_49} I wonder what he would taste like with some carrots and a lil pinch of salt and pepper
[13:26] {nemo} this is her relaxing but pissed off
[13:26] {nemo} ok show's over
[13:26] {fish_49} will she come to you if you call her?
[13:27] {fish_49} thanks Nemo
[13:27] {nemo} yw
[13:28] {nemo} looks like iwm double topped
[13:29] {fish_49} Beige Book results have much affect on markets ?
[13:29] {nemo} no
[13:30] {nemo} once funny fish, is she will sometimes respond to your voice, but only in certain situations
[13:31] {fish_49} loud yell and she runs?
[13:31] {nemo} no, noise will startle her, but you have to invade her space to get her to run usually
[13:31] {fish_49} and she eats raisens?
[13:32] {nemo} I could get her to hop in a hot oven for raisins
[13:32] {fish_49} raisins*
[13:32] {nemo} unbelievable
[13:32] {Will49} gotta run...cya tomorrow
[13:33] {fish_49} my neighbors dog will do the same for carrots  go figure  maybe they were related in a previous life
[13:33] {fish_49} take care Will
01[13:33] {&Threei}  take care will
[13:33] {dino} mdxg vsm l .98
[13:34] {fish_49} slow afternoon  Nemo let me pick your brain
[13:34] {nemo} wow, what a setup, let's see how long it takes somebody to jump it
[13:34] {dino} out mdxg .48, +.50
[13:35] {fish_49} IWM and Spy  on a daily chart they are at a level where the 20 and 50 moving average will cross  however on a 60 minute chart they are getting support from the
[13:36] {fish_49} no serious  no pun
[13:36] {nemo} on the 60 minute chart they are getting support from what?
[13:36] {dino} mdxg sm l .66
[13:36] {fish_49} the 60 miute is showing the 50 ma  as support  but the daily shows major resistance
[13:37] {fish_49} support from the 50 period ma
[13:37] {dino} stop .45, -.31
[13:38] {nemo} what exactly is the question
[13:38] {nemo} ?
[13:39] {fish_49} your opinion  on 2 ma's converging above price  usually mean reversal?
[13:40] {nemo} can't say I use a 2 MA
[13:40] {fish_49} I know it has nothing to do with scalping and a 1 min chart  just asking...
[13:40] {nemo} I'm not sure how to answer your question
[13:40] {fish_49} thanks anyways
[13:41] {fish_49} I just recall reading in one of Alan Farleys  books about the 20 and 50 crossing right above price
[13:41] {nemo} I look at daily's to identify gaps and relationships to larger time frame moving averages like the 50 and 200 and the 8 ema, because that last one is big for swing traders
[13:41] {nemo} I also check the 65 day vwap, because that's the average price for the quarter
[13:41] {nemo} then on the daily I map gaps and standard support and resistance levels
[13:42] {nemo} for the indexes I look at the weekly and montly levels primarily and areas of confluence with other higher time frames
[13:42] {nemo} I'm mapping out areas of likely inflection and then look for reactions when it gets to that level
[13:43] {nemo} who knows what it's going to do
[13:43] {fish_49} ty
[13:43] {nemo} Some people trade on MA signals, maybe that's what you are talking about
[13:43] {dino} reload mdxg .00 sm
[13:44] {fish_49} no  I was looking at the 20 and 50 sma's on a daily chart  which is about to cross just above price  but its acting as support on a smaller time frame
[13:45] {fish_49} I have a strong feeling my observation is meaningless just wanted to educate myself on MA's
[13:45] {nemo} well, you have to be careful there, if you are looking at the 20 and 50 on the daily, and then change the time frame to 1 hour, you'd have to look at the (20x6.5) and the 50X6.5)
[13:46] {nemo} to see the same levels
[13:47] {nemo} am I clear on that fish?
[13:47] {fish_49} yes because the time period is different
[13:47] {nemo} cool
[13:48] {fish_49} ty
[13:49] {nemo} that's why, when I put up the spy and the IWM, I actually put a line in that demarcates the 50 and 200 on the daily, it will vary a coupla cents during the day, but it gives me an idea where they are-hehehe-close enough for government work
[13:49] {nemo} spy just about at channel support
[13:49] {nemo} it's at 165.80 currently
[13:50] {nemo} finnies at vwap
[13:50] {nemo} so, looks like we might get an inflection here
[13:50] {nemo} which way, not sure
[13:51] {dino} out mdxg .36, +.36
[13:51] {nemo} look how flat gdx is today
01[13:52] {&Threei} Short Setup: MCD  .10 break
01[13:52] {&Threei}  If holds  .20
[13:56] {dino} wes sm l .25
[14:02] {nemo} well, beige book should be out
01[14:02] {&Threei}  it is
01[14:02] {&Threei}  not sure it's worth posting
01[14:02] {&Threei}  usual crap
01[14:02] {&Threei}  economy grerw at moderated pace
01[14:05] {&Threei}  (US) Fed's Williams: Most data has been good, GDP was a weak point; Sept tapering will depend on the data - comments to reporters
01[14:08] {&Threei}  Fed must be careful not to overdo bond purchases, MBS purchases are more effective than the purchases of treasuries
[14:11] {fish_49} Vad  is there a name to the MCD set up or was it the scanner?
01[14:11] {&Threei}  even dove williams says time to stop that nonsense
01[14:11] {&Threei}  kind of DBI
[14:12] {fish_49} ty
[14:26] {fish_49} meh  no more big macs
01[14:26] {&Threei}  no
01[14:26] {&Threei}  not good for one's health obviously
[14:27] {fish_49} took me out at .21  watch it drop like a rock now
[14:29] {dino} kmi sm l .60
01[14:41] {&Threei}  (SY) US Senate Foreign Relations Committee begins meeting to consider resolution on Syria to allow limited air strikes
[14:42] {fish_49} do they actually vote on it in the senate  then it goes to the house? is that how it works?
01[14:44] {&Threei}  not sure
[14:47] {dino} one or the other, sometimes both come up w/bills
[14:49] {fish_49} so they vote on limited action  but never define what is limited action  lol
01[14:51] {&Threei}  you can safely argue that anything short of spending every last cent an d every last drop of human and other resources on this war is "limited," right?
[14:52] {fish_49} as long as we don't put boots on the ground  yes that is their definition after they get approval
01[14:52] {&Threei}  because only not having any dollar, any shell and any soldier left would be unlimited
[14:54] {fish_49} so their fear is that if they don't do something then the rest of the world will view us as weak and Iran and north korea will act foolishly?
01[14:54] {&Threei}  along those lines, yes
[14:54] {fish_49} they are like Nemo they already act foolishly and will continue
01[14:54] {&Threei}  they designated where red line was
[14:54] {fish_49} sorry Nemo  just filling in for Les  I know he would have put it that way
01[14:54] {&Threei}  now it's here
01[14:55] {&Threei}  don't do anything, your words are empty
01[14:55] {&Threei}  do something, you break whatever there left unbroken,
01[14:55] {&Threei}  which is admittedly not very much but as soon as you put your nose in therer it becomes yours
[14:56] {fish_49} you own it
01[14:56] {&Threei}  there is no credible opposition to support, main group fighting current regime is al qaeda filial
01[14:57] {&Threei}  so what on earth do you do?
01[14:58] {&Threei}  White House: President will meet with LGBT activists in Russia this week
[14:59] {fish_49} can I ask favor Vad?
01[15:00] {&Threei}  (carefully and hesitantly) yeaaahh... I guess....
[15:00] {fish_49} LGBT  is the lesbians gay folks?
01[15:00] {&Threei}  (carefully and hesitantly) yeaaahh... I guess....
[15:01] {fish_49} we should ban those letters from the room
01[15:01] {&Threei}  how do I call Long setup without letter L?
[15:01] {fish_49} my last year in the gov  I received at least 1000 emails with the heading  Support your local LBGT folks
[15:01] {fish_49} hahahahah
[15:02] {fish_49} I mean together  make it a Korean word Rong  not Long
[15:02] {fish_49} lol
[15:02] {fish_49} Rong Set up MCD break of .40
[15:03] {fish_49} honestly  why would he meet with those folks in Russia
[15:04] {fish_49} If i'm not mistaken,  Russia is a country that has very little tolerance for that
01[15:04] {&Threei}  well, Russia had passed a law recently that greatly oppresses them
[15:04] {fish_49} that is why nemo cant live there?
01[15:05] {&Threei}  which is seen as human rights violation
[15:05] {nemo} wow
[15:05] {dino} out wes .50, +.25
[15:05] {dino} kmr drop
[15:06] {dino} sm l .87
[15:07] {dino} stopped .65 -.22
[15:08] {Alexs} what do you mean "oppresses them Vad?
[15:08] {Alexs} they just ban gay propaganda
[15:08] {dino} kmi stopped .44 -.16
01[15:08] {&Threei}  not sure, I didn't really study the matter beyond quick glance
[15:09] {Alexs} looks like O just has a lot of free time in Russia
01[15:10] {&Threei}  well, since he canceled meeting weith Putin, he needs to pass time somehow, right?
[15:10] {Alexs} lol
[15:12] {fish_49} lol Putin and O need to kiss and make up
[15:12] {fish_49} then they can visit the LGBT folks together
[15:18] {nemo} here comes that 50 day on SPY-maybe
01[15:22] {&Threei} Long Setup:  TNA  .40 break
01[15:22] {&Threei}  If holds  .30
01[15:23] {&Threei}  Invalidated
[15:23] {fish_49} wowwwwwwwwwwwww
01[15:24] {&Threei}  (SY) Senate Panel approves the limited US military strike in Syria
[15:24] {fish_49} just a little
01[15:24] {&Threei}  that's what did it
[15:24] {nemo} it's amazing, right at the spy double top
[15:24] {nemo} the coincidence
01[15:25] {&Threei}  Senate as a whole to consider the the resolution next week
01[15:25] {&Threei}  shrug
[15:25] {nemo} news reading algos
01[15:25] {&Threei} Long Setup:  TNA  .20 break
01[15:25] {&Threei}  If holds  .10
[15:26] {dino} sale spike
01[15:27] {&Threei}  that's it, double bottom us in... go TNA
[15:28] {nemo} that's it double top
[15:29] {nemo} ahhh...Kerry saying the Arab nations will pay us to be mercernaries in Syria
[15:29] {Alexs} you guys make a decission top or bottom
[15:30] {fish_49} in or out  soft or hard  right Alex?
01[15:30] {&Threei}  I made mine... nemo is just being a pest
[15:30] {nemo} sounds like a personal question
[15:30] {Alexs} yeah lol
[15:30] {fish_49} ahhh
[15:31] {fish_49} wow  that was a fast vote
[15:31] {dino} sale sm s.35
01[15:31] {&Threei}  oh come on, 2 cents to 1:1?
[15:31] {nemo} the Old PushmePullyou
[15:31] {nemo} Dr. Doolittle trade
[15:31] {fish_49} Ariel Castro dead: Coroner confirms that Cleveland kidnapper/rapist killed himself
[15:32] {fish_49} that's what did it
[15:32] {nemo} worst case of suicide I ever did see
01[15:32] {&Threei}  watch me crying
[15:32] {nemo} too bad he died actually, would have liked to hear about him being gang raped multiple times with a wire toilet brush
[15:33] {fish_49} I agree  give him no rope  for his soap
[15:33] {nemo} give his fingers and toes the old channel lock treatment
[15:34] {Alexs} stop still .09?
01[15:34] {&Threei}  yes
[15:34] {fish_49} send him to syria
[15:34] {nemo} can use lower bollinger band as support
01[15:35] {&Threei}  it never made new support pronounced enough for trailing
01[15:35] {&Threei}  lower BB is at .10 too, lol
01[15:35] {&Threei}  just crossed it
[15:35] {nemo} gold miners spurted on that news
[15:36] {fish_49} well his party (Alex's Party) controls the house  so I'm guessing it's just a matter of time
01[15:36] {&Threei}  poor goldbugs... this is what that great trade came to, spikes on bombing news?
[15:37] {fish_49} they should donate their earnings  to charity  lol
01[15:38] {&Threei}  grrrr
[15:38] {nemo} looks like spy might want to make it's first visit to vwap today
01[15:39] {&Threei}  frikin rinse, I suspect
01[15:39] {&Threei}  no, fair stop
[15:40] {Alexs} exactly
[15:40] {Alexs} I mean : no fair share
[15:41] {nemo} now Alex probably wants the government to cover his losses
[15:41] {fish_49} lol
[15:41] {fish_49} lol
[15:41] {Alexs} taxpayers nemo
[15:41] {nemo} euphemism
[15:41] {Alexs} top 1% of them
[15:42] {nemo} great quote:  Crowded elevators smell different to midgets.
[15:42] {fish_49} Early bird gets the worm,  second mouse gets the cheese
[15:43] {nemo} o.k.  anyway, probably go after the 50 in the premarket tomorrow.  might be a selloff also before the jobs number on Friday
[15:44] {nemo} spy actually trading light today compared to yesterday
01[15:46] {&Threei}  rinse... crap!
[15:47] {dino} had a few of those today
[15:50] {Alexs} do you celebrate Rosh Hashana in BC Vad?
01[15:50] {&Threei}  in BC?
01[15:50] {&Threei}  lol
01[15:50] {&Threei}  some do, some don't I guess
01[15:50] {&Threei}  it's not like whole BC does or does not
[15:51] {Alexs} Happy New Year anyway
01[15:51] {&Threei}  thsnk you, you too
01[15:51] {&Threei}  somewhat disappointing day as last couple stops made it flat
01[15:51] {&Threei}  oh well
[15:52] {nemo} transition time
01[15:52] {&Threei}  thank you all, have a great evening
01[15:52] {&Threei}  probably
01[15:52] {&Threei}  see you tomorrow
[15:52] {fish_49} what do you expect?  u made a killing in August
[15:52] {fish_49} take care all
01[15:52] {&Threei}  I expected to make another one in Sept
[15:52] {dino} gn
[15:52] {nemo} market transitions are like this
01[15:52] {&Threei}  but heck, it's just started
01[15:52] {&Threei}  we will adjust
01[15:52] {&Threei}  we always do
[15:52] {bbobr} Shana Tova !
[15:52] {nemo} this week still kinda' summer
01[15:52] {&Threei}  bbobr :)
[15:52] {nemo} oy vay
[15:57] {dino} cov sale .25, +.10
01[15:58] {&Threei}  can you believe 1:2?
01[15:58] {&Threei}  sigh
01[15:58] {&Threei}  somg
01[15:59] {&Threei}  1:3
01[15:59] {&Threei}  give me a gun
[16:01] {bbobr} was almost a great call

Sept 03 2013

Uneven day as market tried to guess the next twist and turn in Syria decision. A few trades worked well, one of them for 1:4, and  a few stops counterbalanced them to about flat outcome overall.


Session Time: Tue Sep 03 00:00:00 2013
[08:55] {dino} gm
01[08:57] {&Threei}  morning dino
[09:08] {nemo} next year remind me that labor day parties are not the best idea
01[09:08] {&Threei}  no?
01[09:08] {&Threei}  hmmm... works for me
[09:09] {nemo} kinda' anethema to my nature
[09:09] {nemo} me and social environments and all
[09:09] {nemo} had to drink to tolerate it
[09:09] {nemo} coupla beers
[09:09] {nemo} coupla margaritas
[09:09] {nemo} coupla shots of this
[09:09] {nemo} coupla shots of that
[09:09] {nemo} coupla more this
[09:09] {nemo} coupla more that
[09:10] {nemo} oy
[09:10] {_diego} hello! i wanted to know if this is the chat room where Threei indicate your operations? I'm newby in this service
[09:10] {nemo} then the frickin' rabbit decides it's gonna climb up into the box spring and file it's teeth on the bed springs
[09:11] {nemo} that echo is surprisingly painful in a state of post-inebriation
01[09:11] {&Threei}  hi diego
01[09:11] {&Threei}  yes it is
[09:11] {nemo} if you mean calls trades, yeah
[09:11] {nemo} then I'm here to insult you
[09:11] {_diego} thanks Threei
[09:11] {nemo} speaking of, where's Les?
[09:15] {Will49} gm
01[09:15] {&Threei}  will :)
[09:15] {nemo} oh, Will will do
[09:15] {Will49} hey nemo
01[09:15] {&Threei}  enouhg of that vacation nonsense, will? :)
[09:16] {Will49} absolutley
[09:16] {nemo} spending all that time with your wife must be excruciating
[09:16] {Will49} my lips are sealed :)
[09:16] {_diego} this is my first day in the room, I followed on the website and I think are a very good team. I hope we have a good day of trading
[09:16] {nemo} "hope" is a dirty word
[09:17] {Will49} is your first name San?
[09:17] {nemo} no, his  last name is Garcia
[09:17] {Will49} ha
[09:17] {nemo} got that, impressive
[09:17] {Will49} is Les back on today
[09:18] {Will49} ?
[09:18] {nemo} I'm waiting to pounce
[09:18] {Will49} I'll bet
[09:18] {nemo} we started feeding on ourselves in his abscence
[09:18] {nemo} absence
[09:18] {nemo} kinda mixed metaphors in one word
[09:19] {Will49} :)
[09:22] {robbers} Welcome back, Will.
[09:22] {Will49} tks rob
01[09:22] {&Threei}  morning robbers
[09:22] {Will49} missed the commaradery
[09:23] {robbers} Hi Vad, GM.
[09:23] {cipher} gm
[09:23] {RonS} hello everyone
01[09:24] {&Threei}  cipher, ron :)
[09:24] {Alexs} gm
01[09:24] {&Threei}  alex :)
[09:27] {bbobr} gm
01[09:27] {&Threei}  bbobr :)
01[09:28] {&Threei}  whole mid-east confusion causes abnormal volatility
[09:28] {ese} gm
01[09:28] {&Threei}  let's be doubly careful at the open
01[09:28] {&Threei}  ese :)
01[09:31] {&Threei} Short Setup: GDX  .70 break
01[09:31] {&Threei}  If holds  .76
[09:32] {+cc_9} gm
01[09:32] {&Threei}  cc9 :)
01[09:36] {&Threei}  meh
[09:37] {nemo} big gap up
[09:37] {+cc_9} MSFT / VZ looking good.
[09:37] {+cc_9} both on M&A
[09:37] {nemo} europe down though so we'll see if this keeps up
01[09:40] {&Threei} Short Setup: FCX  ,10 break
01[09:40] {&Threei}  If holds  .15
[09:46] {nemo} so far playing out like a big gap day
01[09:46] {&Threei}  cover half
01[09:46] {&Threei}  stop to .11
01[09:46] {&Threei}  a lot of hesitation here
[09:46] {nemo} US playing catchup from yesterday, and hesitation from today
[09:47] {nemo} Europe super green yesterday, mildly negative today
[09:48] {nemo} iwm touched 50 day
[09:51] {+cc_9} HLF open + dump
01[09:53] {&Threei}  quite narrow range for SPY
01[09:56] {&Threei} Short Setup: C  .60 break
[09:56] {nemo} numbers in 4
01[09:56] {&Threei}  If holds  .66
[09:57] {+cc_9} HLF $2.00 dump from HOD
[09:57] {+cc_9} Friday LOD test range 59.10
01[09:57] {&Threei}  (SY) US President Obama reiterates that a limited strike is necessary in Syria with no troops on the ground
01[09:58] {&Threei}  novel peace prize winner, wanting to bomb another country to "punish" it
01[09:58] {&Threei}  must be a first in history
01[09:59] {&Threei}  - US has a broader strategy that will allow increased aid to the opposition forces, will ask for a prompt vote from Congress regarding the Syria mission
01[09:59] {&Threei}  that's right, let's put Al Qaeda in charge
01[09:59] {&Threei}  *(US) AUG ISM MANUFACTURING: 55.7 V 54.0E; ISM PRICES PAID: 54.0 V 51.6E
01[10:00] {&Threei}  *(US) JULY CONSTRUCTION SPENDING M/M: 0.6% V 0.4%E
[10:00] {dino} what point is a limited strike? just shows we are not serious. why bother
01[10:00] {&Threei}  ego?
01[10:00] {&Threei}  foot in mouth disease?
[10:00] {+cc_9} HLF testing Friday's LOD range
[10:00] {nemo} target practice
[10:01] {nemo} 57.50 might be destination there 9er
[10:01] {dino} s3 57.34
01[10:01] {&Threei}  (EU) ESM's Regling: Cannot yet say whether or not Greece will require a 3rd bailout, Greece has made a lot of progress but perhaps not enough
[10:01] {nemo} gap fill 58.45
01[10:02] {&Threei}  murky trading so far
[10:02] {nemo} vodka time?
[10:03] {+cc_9} HLF 15min vol accelerating
[10:03] {dino} hlf sm l .00
[10:06] {+cc_9} HLF needs a 59.20 bid for reversal.
01[10:08] {&Threei} Long Setup:  FCX  .15 break
01[10:08] {&Threei}  If holds  .08
[10:09] {+cc_9} HLF 59.20 offer printing
01[10:12] {&Threei}  regret of the day: was looking at CAT short at .20
[10:15] {+cc_9} HLF you can see it hit 59.20 twice then get rejected. That's the reversal pps imo.
[10:17] {+cc_9} HLF back to LOD, volume picking up
[10:17] {dino} stop hlf -.35
[10:17] {nemo} hlf gap fill coming
01[10:17] {&Threei}  FCX stop .09
01[10:19] {&Threei} Long Setup:  CAT  .50 breal
01[10:19] {&Threei}  If holds  .40
[10:19] {Alexs} hl?
01[10:19] {&Threei}  yeah
[10:19] {+cc_9} HLF whoa
[10:20] {nemo} 57.52 is 50 day on hlf
01[10:20] {&Threei}  valid still
01[10:21] {&Threei}  change trigger to .45 break
01[10:22] {&Threei}  nah
[10:22] {Alexs} stop .39?
01[10:22] {&Threei}  not delighted
[10:23] {+cc_9} HLF brutal downside
[10:23] {nemo} next level is 55.50
[10:25] {dino} hlf sm l .51
[10:25] {+cc_9} HLF big buy block
[10:28] {+cc_9} HLF some bids
[10:31] {+cc_9} 58s on deck again
[10:33] {dino} hlf stop to .11
[10:33] {dino} to .31
[10:33] {+cc_9} there she goes
[10:33] {dino} to .51
01[10:34] {&Threei} Short Setup: GDX  .40 brea5
[10:34] {dino} to .61
01[10:34] {&Threei}  Invalidated
[10:35] {+cc_9} BOOM HLF
[10:35] {dino} to .01
[10:35] {dino} out 59.01, +1.50
[10:35] {+cc_9} nice dino
[10:35] {dino} ty
[10:35] {RonS} gj
[10:36] {dino} ty
[10:36] {dino} beasty boys trade...."it's tricky"
01[10:41] {&Threei} Short Setup: GDX  ..60 break
01[10:41] {&Threei}  If holds  .65
01[10:45] {&Threei}  half out
01[10:46] {&Threei}  stop to .61
[10:49] {dino} 20 year crush-loa
[10:49] {robbers} Out in full, thanks.
01[10:50] {&Threei}  yw
01[10:50] {&Threei}  1/4 more out
01[10:50] {&Threei}  .40 break should really kill it
01[10:50] {&Threei}  aiming for 1:4
[11:00] {ese} am outta here first day of school....catch ya tomorrow
[11:00] {Will49} peace ese
01[11:00] {&Threei}  take care ese
[11:00] {fish_49} tc ese
[11:06] {RonS} mnst mash
01[11:14] {&Threei}  die GDX
01[11:14] {&Threei}  stop to .46 now
01[11:17] {&Threei}  1:3
01[11:17] {&Threei}  stop to .41
[11:19] {+cc_9} HLF another sell-off round
[11:19] {RonS} enr dead bunny
01[11:20] {&Threei}  done with GDX
01[11:20] {&Threei}  finally decent one
[11:20] {Will49} good one Vad
01[11:20] {&Threei}  spike probably caused by this:
01[11:21] {&Threei}  (US) House Speaker Boehner (R-OH) Will support President Obama's call for action in Syria, use of chemical weapons in Syria must be responded to and only the US appears ready to take action
[11:21] {dino} pretty good drop
01[11:23] {&Threei}  A magnitude 4.2 earthquake shook northern Vancouver Island at 5:49 a.m. Monday.
[11:24] {RonS} scared the elk?
01[11:24] {&Threei}  at most
[11:24] {Will49} thought that was my alarm clock
01[11:25] {&Threei}  and ese thought he was that good
[11:25] {Will49} LOL
[11:25] {Alexs} lol
[11:25] {Will49} first day of school...he had to be quick
01[11:26] {&Threei}  lol
01[11:29] {&Threei}  House Minority Pelosi: Attacks in Syria cannot be ignored
01[11:29] {&Threei}  {--- puking
[11:31] {fish_49} why not?
[11:31] {fish_49} the rest of the world is ignoring it  why cant we?
01[11:31] {&Threei}  because it's her president this time that wants to drop bombs
[11:32] {fish_49} he don't want to drop a bomb  he just wants to save face  lol
01[11:32] {&Threei}  when it was Bush, he was a military criminal per her
[11:32] {fish_49} correct
[11:33] {fish_49} China and Russia told him to lay down and lick his balls and he got offended that's why he wants  to bomb
[11:33] {fish_49} not a good reason
01[11:35] {&Threei} Long Setup:  CAT  82 break
01[11:35] {&Threei}  If holds  .90
[11:36] {Alexs} hl?
01[11:36] {&Threei}  3/4
01[11:38] {&Threei}  target 1:4
01[11:39] {&Threei}  stop to .95
[11:40] {Alexs} no stops for optimists
01[11:40] {&Threei}  not much chance of survival either {G}
[11:41] {Alexs} taxpayers will help
01[11:42] {&Threei}  thus spake John Galt
[11:42] {Will49} who is John Galt?
[11:43] {Alexs} lol
01[11:43] {&Threei}  :)
[11:43] {RonS} lol
[11:43] {RonS} who is spake?
01[11:43] {&Threei}  A+ will
[11:43] {Will49} tks
01[11:44] {&Threei}  that's all CAT?
01[11:44] {&Threei}  shrug
[11:45] {RonS} thus spake CAT...or is it spanked?
01[11:46] {&Threei}  l gld .80 break
01[11:46] {&Threei} Long Setup:  GLD  .80 break
01[11:46] {&Threei}  If holds  .73
01[11:47] {&Threei}  1:1
01[11:54] {&Threei} Short Setup: CAT  .90 break
01[11:54] {&Threei}  If holds  82
01[12:03] {&Threei}  nah
[12:05] {RonS} Ted Nugent
[12:05] {nemo} oh, here we go
[12:06] {Alexs} frikin conservative
[12:07] {nemo} yeah think he's missing a couple off the old 12-string
[12:14] {fish_49} I think he is suffering from Cat Scratch Fever
[12:14] {nemo} God bless him then at his age
01[12:26] {&Threei} Short Setup: BBBY  .15 break hl
01[12:27] {&Threei}  If holds  .25
01[12:34] {&Threei}  1:1
01[12:36] {&Threei}  1:2
[12:47] {+cc_9} HLF, don't look now dino.
[12:48] {+cc_9} Stock rallies on news that the CEO of Post Holdings, William Stiritz, has disclosed a 5% passive stake
[12:49] {nemo} wow, gaps closing...this not good
01[12:51] {&Threei}  1:3, out
01[12:52] {&Threei}  not that there are nop good plays... just quite inconsustent today
[12:53] {Alexs} still haven't gotten my fair share today
01[12:54] {&Threei}  which as we all know you deserve
[12:54] {nemo} bohica
[12:55] {nemo} 164 spy might beit
[12:55] {Will49} can I stand up straight now?
01[12:55] {&Threei}  lol
[12:56] {nemo} after spending that much time with your wife it might take awhile
[12:56] {nemo} fas long here could work
[12:56] {nemo} break of .50
[12:56] {Will49} looking on the bright side, this is a good day to be climbing back in the saddle...a little bit of everything
[12:56] {nemo} would need spy to hold 164 too
[12:57] {Will49} yea nemo... true dat
[12:57] {nemo} sheesh, still getting tequila burps
[12:58] {nemo} on another note,no pun intended:  http://www.youtube.com/watch?v=DSocO8zF1ho&feature=youtu.be&a
[13:00] {nemo} kid is the balls
[13:00] {Will49} amazing kid!
[13:00] {nemo} gotta' love it, God bless 'im
01[13:02] {&Threei}  BBBY had more in it
[13:32] {nemo} GMCR
[13:33] {nemo} got 84 written all over it
[13:35] {fish_49} 84.11
[13:35] {fish_49} lol
[13:35] {nemo} gonna' fillet ur ass
[13:36] {nemo} er...ur fins
[13:37] {nemo} you must have heard about this: http://read.bi/1agQvnX
[13:44] {fish_49} next  pause .45 Nemo
[13:47] {nemo} did you mean .60?
[13:47] {fish_49} just hit .45
[13:47] {nemo} the pause
[13:48] {fish_49} next level  .11
[13:48] {nemo} surely you jest
[13:48] {fish_49} I'm watching it on a 5 min  chart
01[13:53] {&Threei} Short Setup: GLD  .50 break
01[13:53] {&Threei}  change to .60 break
01[13:53] {&Threei}  If holds  .65
01[13:54] {&Threei}  change to .65 break
01[13:54] {&Threei}  searching for the top, must be close
01[13:54] {&Threei}  change to .75 break
01[13:54] {&Threei}  If holds  .80
01[13:56] {&Threei}  1:1
[13:57] {robbers} Out at .62, thanks Vad.
01[13:57] {&Threei}  :)
01[13:58] {&Threei}  clean parabolic spike top
[13:58] {Will49} knew a girl that had one of those
01[13:58] {&Threei}  lol
01[13:59] {&Threei}  Will... we missed you
[13:59] {Will49} :)
[13:59] {Alexs} nice
01[13:59] {&Threei}  but... one??
[13:59] {Will49} not telling
[13:59] {Will49} you know my wife
01[14:00] {&Threei}  ok... writing it off as unsuccessful attempt to gather blackmail material
[14:00] {Will49} yes
[14:04] {dino} enr sm l .15
01[14:16] {&Threei}  1:2
01[14:17] {&Threei}  I'll call it successful top hunt
[14:17] {dino} safm sm l .51
01[14:17] {&Threei}  to balance unsuccessful blackout material collection
01[14:19] {&Threei}  umm... blackmail*
[14:19] {Will49} my lips are sealed
[14:28] {dino} safm stop -.30
01[14:29] {&Threei}  out in full
01[14:29] {&Threei}  1:4
01[14:29] {&Threei}  me happy
01[14:29] {&Threei}  (ier)
[14:29] {Will49} nice one Vad
01[14:29] {&Threei}  :)
[14:31] {nemo} LVS strong all day
[14:35] {dino} nbix spike
[14:36] {dino} sm s .50
[14:47] {dino} cov nbix .61 -.10
[15:00] {dino} czr drop
[15:01] {dino} sm l .30
[15:02] {dino} stop .10
[15:04] {dino} damn
[15:05] {dino} enr to .55
[15:07] {fish_49} Ok Nemo  I was wrong on the .11 but hit the .45 head on.  Look at it now
[15:07] {nemo} .40
[15:07] {dino} to .65
[15:09] {fish_49} I'm talking about GMCR  the last long bar down on the 3 minute Closed right at .45
[15:09] {dino} out enr .70, +.55
01[15:09] {&Threei}  Secretary of State Kerry on Syria: 'We now have more evidence than needed to convict someone beyond a reasonable doubt'
[15:09] {nemo} I have .40
[15:10] {dino} i still say its odd that they can kill 100k + w/guns/bombs, but get 1k w/chemicals and here we come
[15:10] {nemo} yeah, remember Bopal
[15:10] {nemo} did we bomb Dupont
[15:10] {dino} indeed, heck we would have been bombed to nothing
[15:11] {Alexs} that's not a clean kill
[15:11] {fish_49} I am with you on that Dino..  Have they looked at the death rate this year in Chicago?  why are we not sending a missile to Chicago hoods
[15:11] {dino} i suppose if chems were used in the ghettos of chicago, obummer would do something
[15:11] {dino} as it is only guns, no matter
[15:12] {fish_49} I still say he wont do a thing  it's all blah blah  trying to save face...
[15:13] {fish_49} his plan backfired
[15:13] {fish_49} he cant come out and say he wanted to but the Republicans would not let him
[15:13] {dino} yeah, they called his bluff
[15:14] {fish_49} Cry Baby Boehner played him well and says  he supports it..  Knowing that Obama don't have the courage
[15:15] {Will49} well, Obama certainly changed the discussion from a crappy econmy in a hurry, no?
[15:16] {dino} indeed
[15:16] {Will49} bread and circus alternative
[15:17] {Will49} fish is right, Obummer has painted himself in a corner
[15:20] {dino} hope he finally gets that kissing dictators asses does no good
[15:21] {nemo} well, I think the CIA started the Civil War there
[15:21] {nemo} Frankly, I'm still wondering why they wanted Saddam out...he was the perfect counterweight to Iran
[15:21] {nemo} kept his people in line, no problems with Al Quaeda
01[15:22] {&Threei} Long Setup:  GLD  .50 break
01[15:22] {&Threei}  If holds  .45
01[15:23] {&Threei}  heh... both Kerry and Hagel: the word of US must mean something
01[15:23] {&Threei}  how about don't give prmises you don't intend to keep?
[15:23] {dino} funny how they are now hawks
01[15:23] {&Threei}  uhhu
01[15:23] {&Threei}  it's red line, unless UK says no
01[15:24] {&Threei}  and we will ask Congress
[15:24] {dino} so much for element of surprise. they've already moved the equipment, etc
[15:25] {Will49} and their entire air force to Iran
01[15:25] {&Threei}  reminds me my favorite mafiosi... "only amateur takes the gun out to threaten. Profession takes it out only when he intend to shoot"
01[15:26] {&Threei}  professional
[15:26] {nemo} hey will check this out:  http://www.youtube.com/watch?v=3_J0AMPPD34
[15:27] {Will49} jeeez, they must have sedated the darling
[15:27] {nemo} nah, it's awake
[15:27] {Will49} looks like bunny is having a sexual experience
[15:28] {nemo} you're worrying me Will
[15:29] {Will49} just like the way she's stroking him
[15:31] {Will49} thought bunnies cleaned themselves like cats
[15:31] {nemo} yeah, well, you know humans
[15:32] {Will49} specially you batchelors :)
[15:33] {dino} taking off early. gn all thx for ideas
[15:33] {Will49} cheers dino
01[15:33] {&Threei}  take care dino
01[15:38] {&Threei}  meh
01[15:39] {&Threei}  last one for today:
01[15:39] {&Threei} Long Setup:  CAT  .50 break hl
01[15:39] {&Threei}  If holds  .40
[15:43] {fish_49} good Night all
[15:43] {fish_49} Gonna sit out the last trade
[15:43] {fish_49} thanks Vad
[15:43] {Will49} fish or cut bait
[15:43] {Will49} :)
01[15:43] {&Threei}  :)
[15:47] {Will49} see ya tomorrow guys
01[15:47] {&Threei}  ok folks, thank you all
01[15:47] {&Threei}  have a great evening, see you tomorrow
[15:47] {Alexs} gn

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Summer market sees mixed data, awaits Syria strike

Thin, low volume summer markets got pushed around as investors rushed to reduce risk early on this week, and everyone awaited a US decision on whether to conduct a military strike against Syria. By midweek stock markets were down modestly, leaving the S&P about 5% off of its all-time highs. Oil prices spiked higher, weighing on sentiment; by Wednesday Oct WTI crude shot above $112 reaching levels not seen in more than 2 years. Gold prices also caught a bid sending prices above $1,430 for the first time since May as flight to safety bids returned. US Treasury markets rallied sending the 10-year yield back down towards 2.70% before rebounding. By Friday EUR/USD was trading just below its 1.32-1.34 August trading range as Syrian war fears strengthened the dollar over the week. For the week, the S&P500 and Nasdaq each fell 1.9%, while the DJIA dropped for the fourth straight week, losing 1.4%, for its longest losing streak since last November.

Early last week, reports began to emerge from Damascus that the Syrian regime had used chemical weapons against rebel-held neighborhoods in the capital and killed hundreds of its own citizens. As evidence mounted, it became clear that Assad has crossed the 'red line' defined by President Obama for the western powers to take action against the Syrian government. Even as China and Russia blocked serious discussion of the issue at the UN, the US and its allies said there would be 'serious repercussions' in response to the attack in the form of military action. The march towards military intervention hit a snag after a non-binding motion on Syria military action failed in the UK House of Commons, deflating the political will of America' s staunchest ally. Friday afternoon, US Secretary of State Kerry forcefully stated that "we know" the Assad regime used chemical weapons on civilians, and that the UN report will not add any new information, making it fairly clear that the US will go ahead with a limited unilateral military strike within days. The window for action seems to be set for some time after UN inspectors leave Syria on Saturday and before the President travels to the G20 in Russia early next week (where he may receive a chilly reception).

- US data was mixed again this week. Orders for durable goods dropped 7.3% in July, nearly twice the expected amount, and the first decline since March and the biggest falloff since August 2012. The key capital goods orders component fell 3.3%, versus expectations for a slight gain. The data is a blow for third quarter GDP and multiple analysts reduced their estimates for Q3 GDP after the data. The August consumer confidence index gained over the July result and topped expectations, however the present situation component fell from 73.7 to 70.7, its biggest drop since January. The June S&P/Case Shiller home price index was up very incrementally from May levels.

- A second look at US Q2 GDP revealed the economy grew at a stronger clip than first thought and above consensus estimates. The positive news was somewhat offset by the fact that the biggest surprise was in the inventory component, which was revised up a little rather than down as forecast, which could potentially weigh on Q3 growth prospects. Exports and spending on business structures showed substantial growth which some suggested continue to paint an overall positive economic picture that is consistent with the Fed beginning to pull back its asset purchases next month.

- Emerging markets currencies continued to struggle against capital outflows in anticipation of Fed tapering and on politically driven safe-haven flows. The Indian Rupee (INR) hits new fresh record lows against USD through the early part of the week. The USD/INR pair moved toward the 69 handle with the Rupee weakening on speculation that higher oil prices might increase the country's oil import bill. Other dealers noted the recent food security bill legislation that is intended to "wipe out" endemic hunger and malnutrition in the country at a budgeted annual cost of around $18B as another reason for the weakness. For the month of August, the rupee slumped 8.1%, its worst performance since 1992. The Turkish Lira currency (TRY) also hit new fresh record lows against USD, moving above the 2.0700 level at one point. Later in the week, emerging market countries took various domestic measures to stabilize their currencies. The India Central Bank RBI introduced a Forex swap window to meet USD requirements of three state oil-marketing companies that was seen reducing daily demand from the spot market by as much as $600M. Both Brazil and Indonesia raised interest rates. On Friday, Brazil Finance Minister Mantega said the BRIC's continue to make plans for establishing a joint bank and a joint reserve fund, and India Finance Ministry economic advisor Dasgupta went so far as to suggest that the India would welcome a joint currency intervention among the BRICs to stem currency depreciation.

- After two months of negotiations, Amgen has secured a deal to acquire oncology research shop Onyx for $125/share in cash, in a deal valued at $10.4B. This is up from the firm's initial offer of $120/share. The deal is being seen a key move for Amgen to restock its product pipeline in response to declining sales of its flagship anemia drugs. In separate M&A news, Verizon and Vodafone shares both rallied on Thursday after reports that the two had resumed talks for Verizon to reacquire Vodafone's 45% interest in Verizon Wireless. The deal is said to be north of $100B and could include a stipulation that Vodafone repurchase 23% stake in Vodafone Italia. On Friday, press reports indicated that GE Capital may be close to spinning off its retail lending unit which reported $15.5B in revenues in 2012.

- The last of the Q2 retailers' earnings reports trickled this week. Overall results were mixed with Big Lots ($0.31 v $0.25e) and Guess ($0.52 v $0.36e) trading higher after earnings and Tiffany and Williams-Sonoma trading lower after failing to meet outsized expectations. After being chastised by the JC Penney board earlier this month, Pershing Square's Ackman abruptly gave up on his designs to reboot ailing retailer, dumping his entire 17.7% stake at $12.60/share. In other earnings Joy Global shares traded sharply lower despite a top line beat ($1.70 v $1.36e) after the firm forecast its order rate would deteriorate. Salesforce.com continued to prove short-sellers wrong taking another leg up after beating estimates and raising guidance. Shares of JPMorgan Chase were lower on the week after the financial press reported that the US government may be seeking as much as $6B in damages from the firm related to allegations it misrepresented securities sold to Fannie and Freddie.

- Markets were looking for dovish commentary from BOE governor Carney in his first public speech since taking the helm at the central bank in early July. He reiterated that hitting the 7% unemployment target would not automatically trigger higher rates and that he was prepared to ease further if needed. However, he commented that he would not hesitate to increase rates either. The GBP/USD initially tested session lows of 1.5429 but move 100 pips off its worst levels after his remarks.





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