Sept 11 2013

5 nice wins out of 5 morning calls, then two small stops, then another 1:2. Market full of babies to take candies from.

Session Time: Wed Sep 11 00:00:00 2013

[08:33] wanna' move back ;-): http://bit.ly/15VWpm3
01[08:51] <&Threei>  rofl
01[08:51] <&Threei>  oh motherland
[08:51] hail Rodina
[09:03] gm
01[09:03] <&Threei>  dino :)
[09:11] gonna' be another doji day
01[09:12] <&Threei>  "Doji Days of Summer"
[09:12] gonna' be HOT here today
[09:18] gm
[09:19] gm
01[09:19] <&Threei>  will, ron :)
[09:20] gm
01[09:20] <&Threei>  patel :)
[09:22] clr drop
01[09:23] <&Threei>  C forms DBI with .90 trigger
[09:24] aapl
[09:25] gm
01[09:26] <&Threei>  cipher :)
[09:28] gm
01[09:28] <&Threei>  wow... hi ESE
[09:28] hmmmmm    capitol letters
01[09:28] <&Threei>  lol
[09:28] i like it
[09:29] guess he took his fair share of the alphabet
[09:29] lol
[09:29] aapl doing the ankle grab
01[09:29] <&Threei>  lol
[09:30] gm
01[09:30] <&Threei>  bbobr :)
03[09:30] * Retrieving #discussions modes...
01[09:31] <&Threei>  (IR) Russia plans to supply Iran with an S-300 missile defense system and to help them build a nuclear reactor in Bushehr - Kommersant (update)
[09:31] <+cc_9> good late morning.
01[09:31] <&Threei>  cc9 :)
01[09:31] <&Threei> Short Setup: C  51 break
[09:31] trading aapl there 9er
[09:31] <+cc_9> also, AAPL wowza
01[09:31] <&Threei>  If holds  .10
01[09:34] <&Threei>  1:1
01[09:35] <&Threei> Short Setup: C  51 break
01[09:35] <&Threei>  If holds  .05
[09:37] <+cc_9> gap and sideways market yesterday, flat open and @ yesterday's top range. No fun
[09:37] August trading
01[09:37] <&Threei>  ha;f out
[09:37] only mainlining is aapl
01[09:38] <&Threei>  stop to .01
01[09:38] <&Threei>  deja vu
[09:39] <+cc_9> SPY at yesterday's highs, the ride never ends
01[09:40] <&Threei> Short Setup: GDX  .75 break
01[09:40] <&Threei>  If holds  .80
[09:40] safm sm l .88 thinny
[09:41] thinny or bulemic?
[09:42] <+cc_9> MPC drop, keep an eye
[09:42] Vad's got three
[09:43] whoa broke support
01[09:45] <&Threei>  1:1
[09:47] <+cc_9> anyone got a trade in URI ?
[09:48] uri drop
01[09:48] <&Threei>  AAPL new product: http://www.freakingnews.com/pictures/111500/Taking-over-every-part-of-life--111639.jpg
01[09:48] <&Threei>  argh C, now you lose .90
[09:48] gap 51
[09:48] Out 
[09:49] Out C, thanks.
01[09:49] <&Threei>  :)
[09:49] uri sm l .63 wide
[09:49] clr sm l .30
01[09:50] <&Threei>  GDX 1:2
[09:51] fas get's below .40 recross .37 is the 50 day
[09:51] <+cc_9> URI all over the map
[09:51] stop uri .29
[09:52] uri sm l .92
[09:52] out safm -.12
[09:53] 52 should be floor for uri
[09:56] <+cc_9> having a little trouble getting through 53 this time around
[09:56] <+cc_9> needs tighter spread
[09:56] gm
[09:56] <+cc_9> 2 cents
[09:57] <+cc_9> Alright there she goes
01[09:57] <&Threei>  alex :)
01[09:57] <&Threei>  whoa C
[09:57] <+cc_9> MPC had a ok bounce, back near session lows again
[09:58] L crus .90
[09:58] <+cc_9> URI lovely
[09:58] bizzare to look at those capitols
[09:59] how it's going today?
[09:59] lends an air of importance to my id don't you think?
01[09:59] <&Threei>  you missed your fair share of 3 winning calls
01[09:59] <&Threei>  sure does ESE, you look intimidating
[09:59] you killing me
[10:00] one could only hope
01[10:00] <&Threei>  lol
[10:00] <+cc_9> URI boomage
[10:01] hitting vwap
[10:02] <+cc_9> URI over $54
[10:02] <+cc_9> URI trade out.
01[10:03] <&Threei> Short Setup: GDX  .55 break
01[10:05] <&Threei>  If holds  .62
[10:06] <+cc_9> URI nuts now
[10:07] 55.20ish is 50 day
[10:07] thinking 55.72
[10:07] <+cc_9> $2.00 bounce URI :D
[10:08] stop to .49
[10:10] wtf slip, out .31, +1.39 uri
01[10:10] <&Threei>  1:1
[10:10] crus......do it
[10:11] hlf drop
[10:11] tough crowd
[10:11] <+cc_9> QIHU $2.00 drop from hod
01[10:11] <&Threei>  jealousy dino...
[10:12] out crus .16 +.26
[10:12] 3/4 lot
01[10:14] <&Threei>  1:2
[10:14] gj ese
[10:14] lol vad
01[10:14] <&Threei>  :)
[10:15] Now out in full, GDX, thank you.
01[10:17] <&Threei>  :)
01[10:21] <&Threei>  1:3
01[10:21] <&Threei>  out
[10:21] out tks Vad...that was a fun-run
01[10:21] <&Threei>  4:4
01[10:21] <&Threei>  can I go home?
[10:22] quantum of solace ty Vad
01[10:22] <&Threei>  lokl
01[10:22] <&Threei>  yw
01[10:24] <&Threei>  so, nemo found this happy link this morning: http://bit.ly/15VWpm3
[10:24] cvt drop, gap fill
01[10:24] <&Threei>  but before you drop everything and run over there, consider this: http://www.youtube.com/embed/5RAaW_1FzYg?autoplay=1&modestbranding=1&rel=0&showinfo=0
01[10:30] <&Threei>  (SY) Senate Majority Leader Reid (D-NV): Congress needs to give President Obama time and space to conduct diplomacy on the Syria issue
01[10:30] <&Threei>  how does congress prevents him from having all the time he needs?
[10:30] he just needed to put out a press release
01[10:30] <&Threei>  you'd thunk it's congress that demands war
[10:33] uri sm l .70
01[10:49] <&Threei> Short Setup: C  .30 break
[10:51] L crus .17
01[10:52] <&Threei>  Russia has given the United States its plan for placing Syria's chemical weapons under international control
01[10:57] <&Threei>  Invalidated
[10:59] out crus .47 +.30 with 1600......well thats my day.....catch y tomorrow
01[10:59] <&Threei>  wtg
01[10:59] <&Threei>  take care ESE
01[10:59] <&Threei>  or should I say O ESE
[11:00] cya vad......still haven't had a chance to download that program to re vist your scalp trading video....will get to it though
01[11:00] <&Threei>  that's not even a program
01[11:00] <&Threei>  just a codec
[11:00] gonna sign in with capitols more often if I have days like this all the time
01[11:00] <&Threei>  load, install, go whatch video
[11:01] yep...cya
[11:02] safm sm l .05
01[11:09] <&Threei> Short Setup: GDX  .50 break
01[11:09] <&Threei>  If holds  .55
01[11:11] <&Threei>  change to .60 break, if holds .65
01[11:12] <&Threei>  change to .65 break, if holds .70
01[11:28] <&Threei>  1:1
01[11:28] <&Threei>  man... I feel ashamed today
01[11:28] <&Threei>  taking candy from defenseless baby
[11:28] ha
[11:29] where's that Russian go-for-the-jugular?
01[11:29] <&Threei>  well, I do... but can't I feel ashamed about it?
[11:29] hmmm
[11:30] i heard you have no shame
01[11:30] <&Threei>  17+ years of living in the West...
01[11:30] <&Threei>  don't listen to her Will
01[11:31] <&Threei>  she has an agenda
[11:31] ?
[11:31] here comes the rally
01[11:31] <&Threei>  she who told you I had no shame
[11:31] gotta' get the stops above 169
[11:32] oh her!
01[11:32] <&Threei>  right
01[11:32] <&Threei>  no news for this spike
[11:32] 9/11 rally
01[11:32] <&Threei>  I'd tell her to stop spreading those rumors, but every time I try, that 4D renders me speechless
[11:34] :)
01[11:44] <&Threei> Long Setup:  C  .50 break
01[11:46] <&Threei>  If holds  .45
[11:54] <+cc_9> UFS holy smokes
[12:10] safm to .49
[12:11] rh blood
[12:17] to .60 safm
[12:25] out safm .68, +.63
01[12:25] <&Threei>  wtg
[12:26] gj
[12:26] uri stop to .79 bad entry
[12:26] ty
[12:26] out uri +.10
[12:33] clr to .15
[12:34] to .30
[12:35] to .40
[12:35] out reverse slip .43, +1.13
[12:36] took hours, but wtf
01[12:37] <&Threei>  don't knoe... I am not sure it's acceptable
01[12:37] <&Threei>  we might have to ban trades that last in hours
01[12:37] <&Threei>  and return the profit to the market
[12:38] lol
[12:39] yeah, 2 1/2 hours like a swing trade
[12:40] too tight on stop, up .50 more
[12:40] in any case, back in hour or so.
01[12:41] <&Threei>  next thing we know you are an "inwestor"
[12:43] I like that link Vad about crushes on Russian roads, reminded me of Russia very funny
01[12:43] <&Threei>  kind of makes you think "geez, this really was my reality at some point," eh?
[12:44] axactly
01[12:44] <&Threei>  come on, what's with spelling... EQZAKTLY
[12:44] lol
01[12:44] <&Threei>  although I heard Oxford might also accept EKZAQTLY
01[12:45] <&Threei>  as an alternative version
01[12:45] <&Threei>  people insist they said
01[12:46] <&Threei>  I for one prefer traditional spelling... no these new kids on the block supported by ex populi
01[12:47] <&Threei>  vox populi rather
01[12:53] <&Threei>  BBRY
01[12:54] <&Threei> Long Setup:  BBRY  .60 break
01[12:54] <&Threei>  If holds  .55
01[12:54] <&Threei>  (US) Obama Administration to reportedly propose banning construction of new coal plants without strict emissions curbs- New EPA plan would require very strict rules for capturing emissions.
01[12:55] <&Threei>  BBRY Said to have hired Perella Weinberg to examine strategic options
[12:57] looks like just one option: close the doors asap
01[13:06] <&Threei>  IMO, they'll be lucky anyone wants to buy them
01[13:06] <&Threei>  and the price they'll get to most shareholders will feel like takeunder rather than taover
[13:06] hey nemo...tks for advice yesterday. Did what you suggested and no problems this morning
[13:07] with graphic card hangup, that is
01[13:07] <&Threei>  cool will... what did you do?
01[13:07] <&Threei>  driver update?
[13:08] updated virus protection, scan. Got updated grahics driver also
[13:10] vad, GDX short ?
01[13:11] <&Threei>  not very compelling setup
01[13:11] <&Threei>  50.50
[13:12] got you
[13:12] I got you babe
[13:13] any of you young wippersnappers remember that one?
[13:13] it's very good probability Vad, more than in black jack
[13:13] sure sonny
[13:13] :)
01[13:13] <&Threei>  lol
[13:13] thanks for chering...
[13:14] I was cher you would recall Ron
[13:14] LOL
01[13:14] <&Threei>  http://www.youtube.com/watch?v=xzW_7ANnHZI
[13:15] yeah baby
06[13:16] * &Threei is now known as 3-eyed whippersnapper
[13:17] ha ha
[13:17] http://on.wbir.com/180GNP3
[13:19] mmm... like the MILF who ws filming
[13:19] was
[13:23] <+cc_9> did i miss anything
[13:23] <+cc_9> milf what
[13:23] <+cc_9> am i in too late on the cool club jokes ?
[13:24] story of your life
[13:24] cc..you're too young to be thinking about MILFs
[13:24] only nemo and i are eligible
[13:26] had 55 year old boss in bar when 30 year old woman starts hitting on him...
[13:26] sugar daddy
[13:26] that's allowed
[13:26] he turns to her and says: "honey, I'm too old for you, and you're too old for me."
01[13:26] <&Threei>  my conclusion from the video: Gatlinburg - town of idiots
[13:27] branchless family trees down there
[13:27] yeah...taking close-up of black bears
01[13:27] <&Threei>  and chasing it
[13:27] evn Canucks aren't that stupid
01[13:27] <&Threei>  almolst cornering
[13:27] even
[13:28] and we know bears...eh Vad
01[13:28] <&Threei>  and, umm, cougars
[13:28] I know a Russian bear too
[13:28] nice vad, very subtle
[13:28] 3 eyed bear
01[13:28] <&Threei>  that's me
01[13:29] <&Threei>  3-eyed subtle whippersnapper
[13:29] i jus got the cougar reference Vad...good one
01[13:29] <&Threei>  :)
[13:29] you're pretty sharp for a beginning trader :)
01[13:30] <&Threei>  lol
01[13:30] <&Threei>  quite a story with one couple days ago, attacking a woman
01[13:30] <&Threei>  lol
[13:30] yeah...husband ran to her defence and drove cat off
[13:31] missed his chance
01[13:31] <&Threei>  not just drove off
01[13:31] <&Threei>  killed him with spear
[13:31] lots of neandrathals on that island
01[13:32] <&Threei>  aside of atrocious spelling, yeah
[13:32] i'm taking a lesson from the kids these days
[13:32] don't need to spell
[13:33] long as the message is understood
[13:33] shame, isn't it?
01[13:33] <&Threei>  http://www.cbc.ca/news/canada/british-columbia/story/2013/09/09/bc-cougar-attack.html
01[13:34] <&Threei>  The cougar has since been found dead and appears to have died from stab wounds inflicted by the woman's common-law partner.
01[13:34] <&Threei>  she better be worth it
[13:34] <+cc_9> my word filter caught the word "vaseline", so its got my attention
[13:34] <+cc_9> another new joke i got left out of
[13:34] <+cc_9> damn it, my timing is no good today
01[13:34] <&Threei>  lol
[13:35] you should put "ankles" in your filter too
[13:35] any bets on spy 170 today?
[13:35] <+cc_9> nemo, i added also 'grab'
[13:36] that'll get alot of false positives
[13:36] now, "grab ankles" together, high probability
01[13:37] <&Threei>  throw vaseline in, you've got 100%
[13:40] np if had "delete nemo" key
[13:41] it's called "ignore"  you can do it immediately, ya putz!
01[13:41] <&Threei>  he is frikin Phoenix
[13:41] not for log...
[13:41] frikin' whiner
01[13:41] <&Threei>  I don't whine... I wodka
[13:41] wine chaser
[13:42] i'm wining right now
[13:42] QCOR blood
[13:43] qcor drop
[13:43] opps
[13:43] jeez dino, Ron scooped ya' how embarassing
[13:43] i know, i feel worthless
[13:44] we'll get you a trophy...everyone gets one for participating
01[13:44] <&Threei>  lol
[13:44] news?
[13:44] only see they cancelled out of an ameritrade conference...
[13:45] conference cx'd?
[13:45] damn he beat me again
[13:45] lol...you asked the q...
[13:47] vsm l .20
[13:48] out .97, +.77
[13:48] damn buck too soon
[13:48] guess that was predictable on qcor
[13:48] news reader algos sold it off
[13:49] yeah, she's pulp
[13:50] fb
[13:57] <+cc_9> Anyone got some on that QCOr bounce ?
[13:58] i took it from 62.20 to 92.97. got out too soon
[13:59] azn spike
[14:00] <+cc_9> is that a cool haircut for koreans dino ?
[14:01] sm s .78
[14:01] weirdo
[14:01] hahaha...good one cc
[14:02] 62.97 i mean
01[14:03] <&Threei> Long Setup:  FB  45 break
01[14:03] <&Threei>  late
01[14:03] <&Threei>  grrrr
[14:04] cov azn .68, +.10
[14:05] <+cc_9> good job dino, bc i dont think using the word long and azn in the same sentence would make much sense.
[14:05] <+cc_9> but then again, thats my best joke for today
[14:05] s=short
[14:06] <+cc_9> (dino)                                                          (the joke)
[14:06] ok
[14:12] ridiculous...now hearing rumor that muddy waters will come w/ qcor report...
[14:12] qcor dropping again
[14:13] must be a dirty report ron
[14:13] and wet...
[14:14] cc9, lol, i was distracted....i finally get the azn spike joke
[14:15] Muddy Waters http://www.youtube.com/watch?v=4ZBY-J5_F2s
[14:15] and the long azn joke, sheesh, i'm slow today
[14:15] good thing i'm on golf vacation starting tomorrow - tuesday
01[14:15] <&Threei>  you are slow? I still don't get it
[14:16] aegr drop
[14:17] you explain it cc...i'm too mbare-assed
[14:18] <+cc_9> lol
[14:18] <+cc_9> azn is short for Asian
[14:19] <+cc_9> Will, i save face for you. You owe me next one.
01[14:19] <&Threei>  ah
01[14:20] <&Threei>  see, it would be reaky clear had you said "long short asian"
01[14:20] <&Threei>  really
[14:20] deal, cc
[14:21] <+cc_9> lol Vad
01[14:21] <&Threei>  careful will
01[14:21] <&Threei>  I once said to him "O owe you next one",
[14:21] <+cc_9> dont tell him
[14:22] oh oh
01[14:22] <&Threei>  next thing I knowm, there is a list in my inbox, starting with annual supply of ice cream and ending with Aston Martin
[14:23] hope you renegged
[14:23] deck
01[14:23] <&Threei>  well, I bargained it down to Aston Martin but he was really tough negotiator
[14:23] ha
[14:29] Well guys, I'm off to enjoy some of the great balming weather you Yanks sent us
[14:29] see you tomorrow
[14:30] great morning Vad...good calls
01[14:30] <&Threei>  :)
01[14:30] <&Threei>  take care will
[14:30] *balmy
[14:30] l8r will
01[14:30] <&Threei>  weather IS fantastic
[14:30] 98 degrees f here right now. going to high of 60 on friday
[14:40] jny
[14:43] sm s .37
[14:44] cov .16, +.21 jny
[14:46] KKR and Sycamore consider joint bid for Jones Group $JNY according to sources
[14:46] ty
01[14:46] <&Threei> Short Setup: FB  .90 break
01[14:46] <&Threei>  If holds  .95
01[14:52] <&Threei>  1:1
01[14:54] <&Threei>  candiless babies all over
01[14:57] <&Threei>  1:2 close enough
01[14:59] <&Threei>  ouit last part on a trail
[14:59] <+cc_9> solid ticket to watch EOD
[14:59] <+cc_9> QIHU
[14:59] <+cc_9> massive intraday moves
[15:03] <+cc_9> QIHU support this am was 90.50
[15:03] <+cc_9> that same number just hit before $1.00 bounce, lets see how it finishes the day
[15:16] kmr blood
01[15:20] <&Threei> Short Setup: GLD  .60 break
[15:24] calling it a week, thx all, very good one. see you wednesday
01[15:24] <&Threei>  have a good trip dino!
[15:25] be careful with a golf balls
[15:25] thx. good trading to all
[15:28] <+cc_9> LINE ripping hard EOD
01[15:42] <&Threei>  very quiet ending
01[15:43] <&Threei>  no need to press anything
01[15:43] <&Threei>  thank you all, have a great evening
01[15:43] <&Threei>  see youi tomorrow
[15:43] gn
[15:43] gn

Sept 10 2013

Short into bounce, sweet setup with sweet and swift outcome.

Together with GDX short for 1:2 and FCX bounce long, makes for a very very pretty morning


Session Time: Tue Sep 10 00:00:00 2013
[08:56] {dino} gm
01[08:57] {&Threei}  morning dino
[09:17] {Will49} gm
01[09:17] {&Threei}  will :)
[09:21] {ese} gm
[09:21] {RonS} gm
01[09:21] {&Threei}  ese :)
01[09:22] {&Threei}  Ron :)
[09:22] {nemo} ahem....
01[09:22] {&Threei}  flu?
[09:22] {bbobr} morning
01[09:22] {&Threei}  bbobr :)
[09:22] {ese} ron dino will vad bb
[09:22] {nemo} ahem
[09:22] {ese} nemo
01[09:22] {&Threei}  cold?
06[09:22] * nemo faints
01[09:23] {&Threei}  ah... flu AND cold then
06[09:23] * nemo crawls in cave
[09:23] {Will49} he means Amen
06[09:23] * nemo closes door
06[09:23] * nemo pulls blanky over head
06[09:24] * nemo grabs teddy
06[09:24] * &Threei manages to throw the grenade in just before the door closes
[09:25] {ese} lol
06[09:25] * nemo triggers remote switch inside vad's computer connected to 2lbs of semtech
[09:25] {ese} problem solved
[09:25] {Alexs} gm
01[09:26] {&Threei}  alex :)
[09:26] {ese} alex
[09:26] {Alexs} gm ese
[09:29] {dino} urbn gap fill
01[09:30] {&Threei} Short Setup: GDX  27 break
01[09:30] {&Threei}  If holds  .10
[09:30] {dino} urbn sm l .50
[09:31] {dino} too soon stop .20 -.30
01[09:32] {&Threei}  Invalidated
[09:32] {dino} urbn sm l .50
01[09:34] {&Threei} Short Setup: GDX  .05 break
[09:35] {+cc_9} TZA looking good.
[09:35] {nemo} urbn hit support to the penny
01[09:36] {&Threei}  If holds  .13
[09:38] {RonS} took urbn .35 to .95 +.60 thanks dino
[09:38] {+cc_9} FIVE big move out the gatefit taking
[09:38] {Will49} nice
01[09:38] {&Threei}  1:1
[09:39] {dino} out urbn .94 +.44
[09:41] {dino} cxo drop
[09:41] {robbers} Out in full, thanks.
01[09:41] {&Threei}  yw
[09:43] {dino} urbn sm l .54
01[09:44] {&Threei} Long Setup:  BBRY  .05 break
01[09:44] {&Threei}  If holds  11
01[09:44] {&Threei}  Invalidated
01[09:46] {&Threei} Short Setup: GLD  .70 break
01[09:46] {&Threei}  If holds  .80
[09:46] {Alexs} 3/4 :)
01[09:47] {&Threei}  7/8
01[09:47] {&Threei}  no, too much... 13/16
01[09:47] {&Threei}  1:1
01[09:47] {&Threei}  1:2
[09:48] {robbers} Great call.
01[09:48] {&Threei}  take that, you newbies who never traded in fractions and had to calculate this stuff in, umm, fraction of a second :)
01[09:48] {&Threei}  ty
01[09:48] {&Threei}  1:3
01[09:48] {&Threei}  out
01[09:48] {&Threei}  GDX 1:2
01[09:49] {&Threei}  die more GDX, daddy needs new camera
[09:51] {Alexs} are you sure?
01[09:51] {&Threei}  about what?
[09:51] {Alexs} new camera
[09:51] {robbers} And the winner is, a new camera for Vad.
01[09:51] {&Threei}  after I saw it yesterday...
01[09:52] {&Threei}  I am really really sure :)
[09:53] {nemo} alex should be popping off about his fair share of the camera any moment now
01[09:54] {&Threei}  rofl
[09:54] {Alexs} :)
[09:55] {+cc_9} FIVE big fade to session lows.
01[09:56] {&Threei}  wow... GLD too soon
01[09:58] {&Threei}  so, if GDX hits 1:3, can I go home?
01[09:59] {&Threei}  where is drew btw
[09:59] {Will49} and buy that camera
01[09:59] {&Threei}  pre-order, Will... just announced, about a month or so till it's actually available
[10:00] {Will49} do you mean to tell us that you'll be able to take even BETTER pics?
[10:00] {+cc_9} FIVE, this is a good ticket.
[10:00] {+cc_9} Also, watching IMMU.
[10:00] {nemo} no, it's the archer not the arrow
01[10:00] {&Threei}  well
01[10:00] {&Threei}  it's a bit more nuanced than that
[10:00] {Will49} I'm sure
[10:00] {nemo} it's a new toy
01[10:01] {&Threei}  it gives you a chance to get them in conditions where old one was not up to the task
01[10:01] {&Threei}  and makes it easier to get them in other situations
[10:01] {nemo} talking about yourself vad?
[10:01] {Alexs} lol
[10:01] {nemo} how did Vad's sex life get in this stream
01[10:01] {&Threei}  and yes, it's a new toy... heard what GAS is? :)
01[10:02] {&Threei}  Gear Acqusition Syndrome
[10:02] {nemo} Gallium Arsenide?
[10:02] {nemo} ahhhh
[10:02] {nemo} rampant materialism
06[10:02] * &Threei slaps nemo around a bit with a very very heavy object
[10:02] {nemo} that's what happens when you grow up in the material scarcity of the Soviet Union
[10:03] {nemo} Les can't get back soon enough, huh?
01[10:03] {&Threei} Long Setup:  FCX  .90 break
01[10:03] {&Threei}  If holds  .85
[10:04] {+cc_9} FIVE beautiful LOD support
[10:04] {+cc_9} IMMU bouncing off lows, holding yesterday's range.
[10:06] {Alexs} in the soviet union everybody could get a new camera easily btw
[10:06] {nemo} Hasselblad?
[10:07] {RonS} from the CIA?
[10:07] {Alexs} 2 X 2
[10:07] {nemo} so, cardboard box with a pinhole
01[10:08] {&Threei}  lol
01[10:08] {&Threei}  camera, as in jail cell
01[10:09] {&Threei}  1:1
01[10:13] {&Threei}  Kerry on TV
[10:14] {Will49} be afwaid, be vawy afwaid
01[10:15] {&Threei}  I am... I always am afraid of idiots
[10:18] {RonS} urbn unusually high % of block volume traded today...major institutional dumpage
[10:19] {nemo} rad, man
[10:22] {+cc_9} FIVE blowing up some more
01[10:25] {&Threei} Short Setup: MCD  .80 break
01[10:25] {&Threei}  If holds  .85
01[10:26] {&Threei}  hey bryl... missed nice day yesterday, and perfect morning today
[10:27] {bryl} yeah   was busy    sunny today here in Toronto
01[10:27] {&Threei}  MCD looks two-sided
[10:28] {ese} L urbn .35
01[10:30] {&Threei}  (US) Senate Majority Leader Reid (D-NV): There is no need to rush into any vote on Syria; Capitol Hill should give diplomacy a chance to play out- Senate Minority Leader McConnell (R-KY): Obama has failed to provide a clear strategy on Syria, opposed to military strikes on Syria, planning to vote against the resolution to authorize military strikes
01[10:30] {&Threei}  good
01[10:30] {&Threei}  stop striking left and right at anything that moves
[10:31] {Alexs} russians saved the world again
[10:31] {RonS} only dino can do that...
01[10:31] {&Threei}  especially with that shining nobel prize for peace
[10:31] {dino} lol
01[10:32] {&Threei}  dino uses his powers for peaceful purposes...
01[10:32] {&Threei}  just think about it... Obama says let's bomb them and Puting says let's use diplomacy
[10:32] {RonS} ya, making demonet so his wife is at peace...
01[10:32] {&Threei}  lol
[10:33] {Alexs} rofl Ron
01[10:33] {&Threei}  meh FCX
01[10:33] {&Threei}  umm, MCD
[10:34] {Alexs} what's wrong with FCX?
01[10:35] {&Threei}  nothing, mixed symbols. Meh was for MCD
01[10:35] {&Threei}  which is somg
[10:38] {+cc_9} FIVE 49 session highs, absolute monster
[10:38] {ese} I have been wronged sir!!! "say that with southern accent/drawl" how dare you decline .10 cents once I have bought shares in your company....."SMACK" leather glove applied forcefully to the cheek of URBN ceo
[10:40] {ese} duel now initiated and to be carried out in nemos back yard
[10:40] {nemo} one of those southerners with a family tree that has no branches?
[10:40] {ese} indeed
[10:40] {nemo} oh crissakes, getting rid of bodies is a bitch
[10:41] {ese} lol
[10:41] {nemo} doing the deed is a cakewalk comparatively
[10:41] {nemo} gotta' chop the shit up, or when it decomposes it leaves a telltale depression in the ground
[10:41] {nemo} then you gotta' make it look like nobody's been there
[10:41] {nemo} sheesh
[10:42] {bryl} I never did a cakewalk        sounds like a blast
[10:43] {nemo} then there's the issue of left over dna when you transport
[10:43] {ese} yes there would be
[10:43] {nemo} one frickin' hair and your screwed
[10:43] {nemo} too much stress
[10:44] {bryl} tell that to OJ
[10:44] {ese} alright....forget it then
[10:44] {nemo} another gap and go day
[10:46] {Will49} crap...another PC freeze..had to reboot
[10:46] {Will49} any calls since MCD?
01[10:46] {&Threei}  no
[10:46] {Will49} must have a graphics card problem
01[10:46] {&Threei}  happens strangely frequently, willl
[10:47] {Will49} yeah
[10:47] {Will49} 2 days in a row this week
[10:47] {nemo} why don't you see if there's an upgrade for the graphics driver?
[10:48] {Will49} good idea nemo, I'm a real clutz at this IT stuff
[10:48] {drewj} gm
[10:48] {nemo} is it a separate graphics card, or on board
01[10:48] {&Threei}  morning drew
[10:49] {nemo} Hi mildrew
[10:49] {drewj} hi all...had to take my wife to work.
01[10:49] {&Threei}  well, that was an expensive ride
[10:50] {drewj} i'll be out tomorrow...
[10:50] {drewj} big day.  my wife is becoming a US citizen tomorrow.
[10:50] {drewj} Sounds like you guys had a good morning.
01[10:51] {&Threei}  very
[10:51] {ese} damn
[10:51] {nemo} now you'll lose all leverage
[10:51] {ese} how dare you
[10:51] {ese} urbn
[10:51] {drewj} leverage is psychological
[10:51] {Will49} nemo...have no idea if on board
[10:51] {nemo} no, it's legal
[10:52] {drewj} only if you don't know what you're doing.
[10:53] {nemo} Will, what operating system you got
[10:53] {Will49} XP
01[10:54] {&Threei}  FCX starts clawing its way to 1:2
[10:54] {nemo} google how to identify your graphics hardware in XP
[10:54] {Will49} yeah I will nemo
[10:54] {Will49} have a friend who knows his stuff...that'll be my afternoon project
[10:55] {nemo} what do you have for virus software?
[10:55] {Will49} VIPRE
[10:55] {ese} STOPPED!!!!!!!!!!!! urbn -.21
[10:56] {nemo} you run  spybot, or malwarebytes?
[10:56] {Will49} malwarebytes
[10:57] {ese} huh?
[10:57] {nemo} you run and update it regularly?
[10:57] {Will49} not really
[10:57] {Will49} my bad :(
[10:57] {nemo} why don't you do that right now
[10:58] {nemo} then update your antivirus and run a full scan
[10:58] {Will49} OK tks
[10:58] {Will49} think I'll wait till the FCX trade is finished
[10:59] {Will49} i'm easily distracted
[11:00] {Will49} tks for the advice nemo
[11:00] {nemo} we're just figuring things out, could be something else.  I think DAS trader may be involved
[11:01] {Will49} everything freezes and mouse pointer won't move
[11:01] {nemo} yep
[11:02] {nemo} that happens every once in awhile with mine too and I'm on Windows7
[11:02] {Will49} you could be right about DAS
[11:02] {nemo} no shit
[11:02] {Will49} don't recall it happening with laser
[11:02] {nemo} what you have for breakfast this morning?
01[11:03] {&Threei}  never happened here
[11:03] {Will49} what's that got to do with the price of silver?
01[11:03] {&Threei}  not even with Laser, DAS, briwser with 12 tabs and Photoshop running
[11:03] {nemo} does a bear defecate in arboreal areas
[11:03] {nemo} ?
[11:04] {Will49} you lost me
[11:04] {nemo} that was the point
[11:04] {Will49} success then
[11:04] {nemo} sorry, no Les, can't help myself
[11:04] {Will49} no apology necessary
[11:05] {nemo} might sportin' of ya'
[11:05] {Will49} i know how hard you're trying to hold back
[11:05] {ese} L urbn .27
[11:06] {RonS} ...lol...that retweet nemo...
[11:06] {nemo} yeah
01[11:08] {&Threei}  what retweet?
[11:09] {nemo} got too many tabs open there Vadster
[11:11] {Will49} did you take your paxel this morning nemo?
[11:11] {nemo} lysergic diathelimide
[11:11] {Will49} i asked for that
[11:12] {nemo} it's paxil, btw
01[11:12] {&Threei}  closed FCX balance
[11:12] {Will49} sheesh...you know everything!
01[11:13] {&Threei} Short Setup: WMT  .05 break
[11:13] {Will49} or are you just quick on google?
01[11:13] {&Threei}  If holds  .10
[11:13] {nemo} no, and yes
[11:13] {nemo} Actually, I just know enough to be an asshole
[11:14] {nemo} and a damn good one!
[11:14] {nemo} speaking of, I get to lecture a bunch of undergrads in a few weeks...some writing class
[11:14] {Will49} nice to be good at what you are:)
[11:15] {nemo} strive for excellence in any pursuit
[11:16] {Will49} true dat
[11:16] {ese} L some more urbn balance crap load at .31
[11:17] {RonS} wah?...Merkel says Europe can't rest on Renaissance laurels, must push reform to make it competitive
[11:17] {nemo} http://bit.ly/1edfGta
01[11:17] {&Threei}  there are any laurels to rest on?
[11:18] {dino} sidtracked, r.e. issues, back in hour or so
[11:19] {Will49} have some breakfast
01[11:23] {&Threei}  let's trail stop to .06
01[11:23] {&Threei}  action slowed down too much, no point in losing money
[11:24] {Will49} my man!
[11:30] {RonS} dbi illustration on krft today
01[11:31] {&Threei}  very much so
[11:31] {drewj} and wmt is reverse cup and handle
01[11:32] {&Threei}  1:1
[11:33] {drewj} what time of day do you start doing scalps?
[11:33] {drewj} half out...
01[11:34] {&Threei}  it's not a given... rather going by the feel
[11:34] {drewj} so how do we feel?
01[11:34] {&Threei}  fine, thank you
[11:34] {drewj} ha
[11:35] {drewj} well?
01[11:35] {&Threei}  I make a commrnt if I see a need to deviate from SOP
[11:36] {drewj} ok
[11:36] {+cc_9} GMCR tanking here
01[11:42] {&Threei}  1:2 is close enough
01[11:42] {&Threei}  1/4 more out
[11:43] {drewj} awesome.  ty vad
01[11:43] {&Threei}  yw
01[11:43] {&Threei}  missed 3 winning trades earlier, so it should take some sting off
[11:44] {drewj} honestly i'm happy enough to really be understanding what you are doing...
[11:44] {drewj} but thanks.
[11:45] {drewj} i'll be around for more winning trades in the future.
[11:49] {Alexs} for losing too btw
01[11:49] {&Threei}  lol
[11:49] {nemo} bmrn bear flagging
[11:49] {drewj} yup
[11:51] {drewj} spy bottom?
[11:51] {nemo} for now
[11:51] {nemo} two gap and go days odds are this isn't
[11:51] {drewj} ok
[11:52] {Will49} where are the grammer police?
[11:52] {nemo} ?
[11:52] {drewj} :)
[11:52] {Will49} odds are these are not
[11:53] {Will49} or this is not
[11:53] {drewj} he are not watching
[11:53] {Will49} oh well
[11:53] {nemo} grasping at straws there willy
[11:53] {Will49} yes, for sure
[11:54] {drewj} I thunk it was funny
[11:55] {nemo} no one ever said you have a sense of humor
[11:56] {drewj} don't be a poor sport nemo
[11:56] {nemo} I'm not
[11:56] {nemo} Will was creating a fatima morgana
[11:56] {+cc_9} GMCR decent bounce so far, held its range from yesterday'
[11:57] {+cc_9} open
[11:57] {nemo} or fata morgana...got my metaphors mixed
[11:57] {Will49} blame it on Canada
[11:57] {Will49} tks Vad, out on trail
[11:58] {drewj} whatever
[11:58] {Will49} fata morgana is a jazz singer, no?
[11:58] {drewj} a porn star i think
[11:59] {ese} gotta go all.....cya tomorow
[12:00] {Will49} VERY nice morning Vad
[12:01] {Will49} off for my SSSS...see you ltr
[12:01] {drewj} bye will
01[12:04] {&Threei}  :)
01[12:04] {&Threei}  take are ese
01[12:04] {&Threei}  and will
01[12:08] {&Threei}  diego, how are you doing?
01[12:08] {&Threei}  last day of your trial, so thought I'd ask
[12:09] {_diego} I am very happy with this room
01[12:09] {&Threei}  cool beans, we are too
[12:10] {_diego} I like good risk management you have in your operations
01[12:10] {&Threei}  staying as a member, I hope (even despite nemo)
[12:11] {drewj} you can just ignore him diego
01[12:11] {&Threei}  but it's not fun
[12:11] {drewj} i know...he totally makes the room worth it for me:)
[12:11] {_diego} I have intentions to become a member so I'll be with you again
01[12:12] {&Threei}  good to hear
[12:12] {drewj} diego hablas espanol?
[12:12] {_diego} yes
[12:12] {drewj} de donde eres?
01[12:13] {&Threei}  oh great... drew and diego will speak Spanish, nemo and les - German... I switch to Russdian any minute now
[12:13] {_diego} My English is not very well
[12:13] {drewj} esta bien...te puedo ayudar.
[12:13] {_diego} de Argentina
[12:13] {drewj} mi esposa es mexicana...
[12:13] {drewj} donde estas?
[12:14] {drewj} en Argentina?
[12:14] {_diego} visite mexico el año pasado. cancun es increible
[12:14] {drewj} no conozco cancun pero quiero conocer Argentina...
[12:15] {drewj} quiero eskiar..
[12:15] {_diego} si es fabuloso para esquiar
[12:15] {drewj} bueno...mucho gusto.
01[12:15] {&Threei}  let's go back to english guys
[12:15] {drewj} si yo se
[12:15] {drewj} ok vad.
[12:15] {_diego} es un pais muy grande y tiene muy lindos  y diferentes paisajes
[12:16] {_diego} ok
[12:16] {drewj} yo imagino
[12:18] {_diego} the market is very quiet
[12:20] {dino} .
[12:23] {RonS} ya, only russian, german, english, canuckian, and that very rare dialect...ese-an, allowed to be spoken here...
[12:23] {_diego} Threei a question, the stocks that you operate. how long do you come from  operating?
01[12:23] {&Threei}  sorry... not sure I understand
01[12:24] {&Threei}  maybe drew can translate
[12:24] {RonS} he thinks you focus on a selection of names...same all the time
[12:24] {drewj} digame si quieras ayuda
[12:24] {dino} don't think...react
[12:26] {_diego} thanks drewj
[12:26] {drewj} claro que si.
[12:26] {drewj} tienes una pregunta?
[12:28] {bryl} thanks for a good day so far
[12:28] {bryl} heading out
01[12:28] {&Threei}  :)
[12:28] {_diego} no por ahora
[12:29] {RonS} lol...glad these guys aren't vietnamese...i can read spanish
[12:31] {dino} i'm lost...english only
[12:31] {drewj} doesn't mibbit have a translate function?
01[12:33] {&Threei}  (SY) France Foreign Min Fabius: Russia Foreign Min Lavrov is not much in favor of any binding UN resolution regarding Syria - Follow up 12.:29ET: Russia Foreign Minister: French proposal on Syria is not acceptable. Rejects holding Syria government accountable for using chemical weapons. - To propose UN draft declaration supporting international control of Syria chemical weapons.
[12:35] {Alexs} what was french proposal?
01[12:35] {&Threei}  this is family room Alex
[12:36] {RonS} ...to start fighting, then surrender...opposed to O proposal to surender before fighting...
01[12:36] {&Threei}  I can't go into graphic details
[12:36] {drewj} :)
[12:37] {Alexs} O is a smart guy, like him
01[12:38] {&Threei}  well, as a progressive how could you not
[12:39] {Alexs} as a progressive I like 99%
[12:39] {Alexs} it's a fair share
[12:40] {drewj} vad does wmt look like a bounce with a mini range?
01[12:40] {&Threei}  technically yes... I doubt it's a promising trade though
01[12:40] {&Threei}  way too narrow
[12:41] {drewj} what is too narrow?
01[12:42] {&Threei}  stays in 5-7 cents range, and has about 10 cents below and 10-15 above... not room for a meaningful move, other than as a result of decisive breakout - and what are thne chances of that in this swamp?
[12:43] {patel} Is CC around?
[12:43] {drewj} gotcha
01[12:43] {&Threei}  hey patel
01[12:43] {&Threei}  welcome back
[12:43] {patel} hey Vad
[12:43] {patel} thanks
01[12:43] {&Threei}  cc9, you here?
[12:47] {dino} welcome back patel
[12:54] {+cc_9} cc9 checking in
01[13:04] {&Threei} Long Setup:  KRFT  53 break hl
01[13:05] {&Threei}  If holds  .90
[13:05] {dino} urbn sm l .50
[13:06] {drewj} so this one has a long distance to the upside...right?
[13:06] {Alexs} can't believe you're calling hl Vad
01[13:06] {&Threei}  yes, and it has life in it
01[13:07] {&Threei}  look at WMT
[13:07] {drewj} life means what?
01[13:07] {&Threei}  moved within 2 or 3 cents since we talked
01[13:07] {&Threei}  life...
01[13:07] {&Threei}  molecules are moving...
[13:07] {drewj} i see.  what is the meaning of life vad?
01[13:07] {&Threei}  bees are buzzing...
01[13:07] {&Threei}  offers are being lifted...
01[13:08] {&Threei}  bids are being raised...
[13:08] {drewj} in...
01[13:08] {&Threei}  people go on dates...
01[13:08] {&Threei}  drinks are being poured...
01[13:08] {&Threei}  life, you know
[13:08] {drewj} oh man...what have I started?
[13:08] {RonS} lol
01[13:08] {&Threei}  hehe
[13:08] {Alexs} buy new cameras
01[13:09] {&Threei}  right
[13:09] {Alexs} lose their money
[13:10] {drewj} technical question:  how can you tell that the offers are being lifted?
01[13:11] {&Threei}  you see it on level 2 and T&S
[13:13] {drewj} so sellers want more for their shares then...
[13:13] {Alexs} for their fair share
[13:14] {drewj} fair share sounds like a dangerous topic...
01[13:15] {&Threei}  lifting the offer refers ro a trade at the offer price
01[13:15] {&Threei}  trade at the bid price - hitting the bid
[13:17] {drewj} so wmt had the pattern but no life right?
01[13:17] {&Threei}  yep
01[13:17] {&Threei}  bees weren't buzzing
01[13:18] {&Threei}  drinks weren't poured... molecules... etc, you know the drill
[13:18] {drewj} nemo's a jerk...
01[13:19] {&Threei}  dunno about that... dick, sure
[13:19] {RonS} lol
[13:19] {drewj} then all is right with the universe
[13:24] {drewj} so trades at the offer price show a lot of green on t&s right?
01[13:25] {&Threei}  yes'
01[13:26] {&Threei}  still, time of the day is not very conducive, so even thoough it's slow, I elected to do hl
[13:26] {drewj} hl?
01[13:26] {&Threei}  half lot
[13:29] {drewj} just keeps bouncing off 53
[13:33] {Alexs} no bees buzzing still
[13:33] {Will49} only buzzing is in my ears
[13:33] {drewj} but i am about to pour a drink...
[13:35] {Will49} go back rob, go back
[13:35] {dino} gap up and sit......zzzzzzzzzzzzzzzzzzzzz
[13:35] {robbers} Go back in time to the GLD trade?
01[13:35] {&Threei}  gap n'stall
[13:35] {Will49} no. go back to bed....things at a standstill
[13:36] {robbers} No one, at the moment, to go to bed with.
[13:36] {Will49} :)
[13:55] {nemo} back from lunch...was I insulted while I was gone?
[13:56] {RonS} thinking all compliments...
[13:56] {nemo} ahh, new career in politics Ron?
01[13:57] {&Threei}  I tried my best nemo
[13:57] {nemo} some people just don't have the talent
01[13:58] {&Threei}  I'll admit, I am better at shooting with no exchange of needless remarks
01[13:59] {&Threei}  that's how James Bond always escapes inevitable death...
01[13:59] {&Threei}  his enemy talks too much instead of shooting
[13:59] {nemo} that's a movie Vad
01[14:00] {&Threei}  yeah but each time I am like "dude, why do you need to explain him how much you are going to enjoy killing him... just kill him already"
01[14:01] {&Threei}  well... pre-order is placed on my new camera
01[14:01] {&Threei}  thank you GLD, GDX, FCX etc for making it pain-free
01[14:01] {&Threei}  these things are anything but cheap, lol
[14:03] {Alexs} and thanks MCD and KRFT for the feeling that these things  are not too cheap
01[14:04] {&Threei}  lol
01[14:04] {&Threei}  KRFT is meh
[14:06] {Will49} Gonna bail guys...great morning!
01[14:06] {&Threei}  take care will
[14:06] {nemo} funny you should bring that up Vad, sometimes when I teach shooting, they'll say to me, well, I'll just rack the slide on that shotgun and that'll scare them.
01[14:06] {&Threei}  heh
01[14:06] {&Threei}  amateurs
[14:06] {nemo} I tell 'em, no...if it's dark, you'll just identified your location
[14:07] {nemo} You don't take it out to show.
01[14:07] {&Threei}  eqzaktly
01[14:08] {&Threei}  wisdom of centuries in that mobster advice
[14:08] {Alexs} aapl introduced touch ID, now thieves will hunt not only for the phone but for your finger
[14:08] {nemo} people watch too much TV
[14:08] {nemo} BIDU breakout?
01[14:09] {&Threei}  alex... say thanks it's not an iris ID
[14:09] {Alexs} lol
01[14:09] {&Threei}  don't like the idea of breakouts right now, nemo...
[14:09] {nemo} yeah, it seems to be apeing spy
[14:10] {nemo} I've got short signals in finnies and spy and now iwm
[14:12] {nemo} eh...bidu climbing, figures
[14:18] {nemo} aapl must have a worm in it
01[14:24] {&Threei}  well, new phone will have different colors...
01[14:25] {&Threei}  must be very exciting for investors
[14:26] {Alexs} who is Steve Jobs?
[14:26] {nemo} ?
[14:26] {Alexs} atlas shit
[14:27] {nemo} pisdah
[14:27] {Alexs} nice nemo
[14:27] {nemo} privyet
01[14:27] {&Threei}  lol
01[14:28] {&Threei}  nemo just says random words
[14:28] {Alexs} I feel like he is russian
[14:29] {nemo} guilt by extensive association
01[14:30] {&Threei}  alex, if he were, he would combine those tweo words in one sentence {GGG}
[14:31] {Alexs} :)
[14:32] {nemo} sheesh, aapl
[14:33] {Alexs} looks like icahn dumping it already
[14:36] {Alexs} but I think iphone still the best thing on the market
[14:48] {dino} took awhile, but out urbn .80, +.30
01[14:48] {&Threei}  wtg
[14:49] {Alexs} btw nemo I think that pizda more correct spelling
[14:52] {dino} ty
[14:54] {bbobr} both spellings are acceptable in the Bronx... he-he
[14:55] {Alexs} try to google both words... :)
01[14:56] {&Threei}  lol
[14:56] {nemo} cyrillic to English
[15:02] {nemo} gmcr looks weak
01[15:06] {&Threei}  MCD Testing a mobile app that would allow US diners to pay for food
01[15:06] {&Threei}  really... god forbid they'd spend a few freshly devoured calories by walking to a cashier
01[15:07] {&Threei}  (SY) UN Security Council may delay discussions on Syria proposals beyond 1600ET; now cancelled following a withdrawal of Russia request - press- US Sec of State Kerry: Supplies for the opposition have not been reaching the opposition as quickly as had been targeted, but are arriving - Syria foreign minister: ready to acknowledge we have chemical weapons and to sign the UN chemical weapons convention. - US President Obama: Requested Senators delay the vote in Congress to allow Russia proposal to be fully vetted
[15:07] {Alexs} if you have iphone you just need a finger of your friend
01[15:07] {&Threei}  lol
01[15:07] {&Threei}  of an eye
01[15:07] {&Threei}  or
01[15:08] {&Threei}  phrase "give a middle finger" may get whole new meaning
[15:08] {Alexs} rofl
01[15:08] {&Threei}  "I gave him a middle finger" - Wow, you must really trust him with your money
01[15:11] {&Threei} Short Setup: GLSD  .80 break
01[15:11] {&Threei}  GLD
[15:13] {nemo} http://bit.ly/189qXaM
01[15:14] {&Threei}  If holds  .90
01[15:20] {&Threei} Short Setup: GDX  .55 break
01[15:20] {&Threei}  If holds  .62
01[15:44] {&Threei}  hurry up and die GDX
01[15:44] {&Threei}  time's an issue
01[15:48] {&Threei}  meh
[15:48] {drewj} thanks for everything vad...
[15:49] {drewj} have a good evening.
[15:49] {drewj} see you thursday.
[15:49] {dino} gn all
01[15:49] {&Threei}  thank you all, have a great evening
01[15:50] {&Threei}  see you tomorrow
[15:50] {bbobr} gn

Sept 09 2013

To signify new week start, let me treat you to 1:3 morning play (went to 1:4 and more actually but we sold at 1:3) 

With a few more winning trades ranging from scalps to 1:3ers, and two 5 cent stops. week starts pretty good. 

Session Time: Mon Sep 09 00:00:00 2013
[08:38] {dino} gm
[08:38] {drewj} gm
01[08:42] {&Threei}  morning dino, drew
[08:45] {drewj} I made those changes you recommended vad
01[08:45] {&Threei}  cool... see if it simplifies things for you while not detracting anything from necessary information
[08:46] {drewj} i think i was looking for the wrong information
01[08:47] {&Threei}  it's not really wrong... it's just relevant or not to what we do
01[08:47] {&Threei}  in many areas you accumulate information as you learn
01[08:47] {&Threei}  in ours, you get rid of it :)
[08:48] {drewj} so now i pretty much just have about 12 charts up...the watchlist of stocks that you usually use.
[08:48] {drewj} and news
[09:03] {nemo} I think I'm allergic to vodka
01[09:03] {&Threei}  feeling sick after 3rd bottle?
[09:04] {nemo} a bit
01[09:04] {&Threei}  yup, it's either that or a food poisononing by oatmeal cookie you hade inbetween
[09:04] {nemo} I eat 10 or 15 jello shots beforehand to coat my stomach
01[09:05] {&Threei}  fancy... most people just eat half-brick of butter
01[09:08] {&Threei}  saw orca photos on my page, nemo?
[09:08] {nemo} can't say I did
01[09:08] {&Threei}  sigh
[09:09] {nemo} cute
[09:09] {nemo} almost as cuddly as bunny
[09:10] {nemo} I like the duckling
[09:20] {bbobr} gm
01[09:20] {&Threei}  bbobr :)
[09:20] {Will49} gm
01[09:20] {&Threei}  will :)
[09:22] {cipher} gm
01[09:23] {&Threei}  cipher :)
[09:23] {RonS} gm
01[09:23] {&Threei}  ron :)
[09:24] {goinshort} gm
01[09:24] {&Threei}  gs :)
01[09:24] {&Threei}  hey, gs also stands for Godlman Sachs
01[09:24] {&Threei}  keeping an eye on GDX for possible 28 break short
[09:25] {goinshort} there you go now they know
[09:27] {ese} morning
01[09:27] {&Threei}  rdr :)
01[09:27] {&Threei}  ummm
01[09:27] {&Threei}  ese :)
01[09:27] {&Threei}  (typing with fins is really tough)
[09:28] {Alexs} gm
[09:28] {ese} A
01[09:28] {&Threei}  alex :)
[09:28] {fish_49} gm all
[09:28] {ese} Vad
[09:28] {ese} Fish
01[09:28] {&Threei}  fish :)
01[09:30] {&Threei} Short Setup: GDX  28 break
01[09:30] {&Threei}  If holds  .05
[09:31] {+cc_9} good late morning.
01[09:31] {&Threei}  cc9 :)
[09:31] {ese} molx
[09:31] {+cc_9} DAL nice setup today
[09:32] {RonS} molx getting bought
[09:32] {+cc_9} KONG needs some profit taking and pullback
01[09:33] {&Threei} Long Setup:  C  .40 break
[09:33] {+cc_9} KONG dumping, beautiful
01[09:33] {&Threei}  If holds  .35
01[09:34] {&Threei}  1:1
[09:36] {+cc_9} DAL new session highs
01[09:40] {&Threei}  1:2
[09:42] {fish_49} ty Vad
01[09:43] {&Threei}  yw
[09:45] {+cc_9} KONG looking for sub 13.50
[09:45] {+cc_9} $1.00 dump so far, could get more all the way to $13
01[09:45] {&Threei}  1:3, out
[09:45] {dino} htwr sm l ave .70 thinny
[09:46] {Will49} tks Vad
01[09:46] {&Threei}  :)
[09:46] {robbers} Out in full, thanks.
01[09:46] {&Threei} Long Setup:  GDX  .90 break
01[09:46] {&Threei}  If holds  .85
[09:47] {+cc_9} KONG { 13.40 bid
[09:47] {+cc_9} That's a beaut
[09:47] {nemo} conn
[09:48] {ese} elli placing itself up for sale.......
[09:49] {dino} conn, missed most parytial fill 53.80
[09:49] {dino} partial
[09:49] {dino} old news ese
[09:50] {dino} look july spike
[09:51] {ese} tks dino
[09:51] {ese} just noticed
[09:51] {dino} out conn .80, +1.00. unfortunately only 100 shares filled
[09:51] {dino} np
[09:51] {nemo} that's going at least to 56
[09:52] {dino} out htwr .18, +.48
[09:52] {dino} cree luv today
01[09:53] {&Threei}  half out
01[09:53] {&Threei}  stop to .89
[09:58] {+cc_9} KONG still tanking :)
01[09:58] {&Threei}  why not Empire State Building is quite high
[09:58] {Will49} ha ha ha
01[09:59] {&Threei}  thank you will... I missed this
[09:59] {ese} L ntap .81
[09:59] {Will49} my pleasure
[09:59] {drewj} vad what do you think about a possible slw drop?
01[09:59] {&Threei}  .75 break is valid setup
01[10:01] {&Threei}  Tesla Motors Considering taking fight to Washington in its effort to get legal approval for direct sales to consumers, bypassing state dealership rules - Automotive News (update)- Article suggests a federal challenge "may be a long shot" but the rest of the auto industry will watch Telsa's efforts closely as it could change the industry sales model.
[10:03] {drewj} with what stop level?
01[10:03] {&Threei}  above .85
01[10:04] {&Threei} Long Setup:  JPM  .10 break
[10:04] {dino} kong sm l .50
01[10:05] {&Threei}  drew, if I were you I'd refrain for now from trading your own finds
01[10:05] {&Threei}  Invalidated  JPM
[10:05] {drewj} i will...
[10:06] {drewj} i will ask about the correctness of my ideas just to learn
[10:07] {drewj} i had just made a note to sit on hands just before you said that!
[10:07] {nemo} Vad's school of Lakon
01[10:09] {&Threei} Long Setup:  WMT  73 break hl
01[10:09] {&Threei}  If holds  .90
[10:09] {dino} out komg .74, +.24, ty for idea cc9
01[10:10] {&Threei} Long Setup:  CAT  .90 break hl
01[10:10] {&Threei}  ugh
01[10:10] {&Threei}  lol
01[10:10] {&Threei}  meant .80
01[10:11] {&Threei}  thing jumped so fast it was unobtainable anywhere withing 7 cents
01[10:11] {&Threei}  and even .90 break is profitable
01[10:14] {&Threei}  change WMT trigger to .95 break
01[10:14] {&Threei}  If holds  .90
01[10:15] {&Threei}  and change to full lot
[10:19] {dino} ll sm s .78
[10:19] {+cc_9} np dino
01[10:19] {&Threei}  Invalidated
[10:19] {+cc_9} I was trading KONG short only, but good job on the long side.
[10:19] {dino} snts drop
[10:19] {dino} thx
[10:20] {dino} cov ll .46, +.32
[10:21] {dino} snts sm l .63
[10:22] {nemo} mon break
[10:25] {dino} out snts .83, +.20
[10:25] {dino} snts sm l .52
[10:27] {ese} l some more ntap avg .81
[10:27] {nemo} mon
[10:28] {dino} out snts .71, +.19
[10:29] {dino} conn sm l .80, stop lod
[10:33] {dino} conn stop -.31
[10:35] {+cc_9} thanks for SNTS who ever alerted it.
[10:35] {+cc_9} nice bounce
[10:35] {dino} i did, yw
01[10:36] {&Threei} Short Setup: C  .65 break
01[10:36] {&Threei}  If holds  .70
01[10:38] {&Threei}  this is quite interesting setup
01[10:38] {&Threei}  if triggers and works will discuss it
[10:39] {drewj} target?
01[10:39] {&Threei}  .35
[10:41] {drewj} i'm in at .64
[10:41] {drewj} it's at .7 now
01[10:41] {&Threei}  meh
[10:42] {drewj} out?
01[10:42] {&Threei}  [10:36] {&Threei} If holds .70
01[10:42] {&Threei}  it doesn't, you get out
[10:42] {drewj} over .70...out
[10:50] {nemo} is it still August?
[10:51] {fish_49} no
01[10:51] {&Threei}  very slow and narrow
[10:51] {fish_49} we are in September now Nemo
01[10:51] {&Threei}  I'd guess, Syria
[10:51] {RonS} last day here it will feel like it...byebye 90's
[10:53] {Will49} we're not in Kansas anymore either
01[10:54] {&Threei} Long Setup:  CAT  .35 break
01[10:54] {&Threei}  If holds  .25
[10:54] {Alexs} hl?
01[10:55] {&Threei}  3/4
[10:55] {Alexs} :)
01[10:55] {&Threei}  you are doing it on purpose, I swear
01[10:56] {&Threei}  and secretly running stats how many times I answer 2/3 vs 3/4
[10:56] {Alexs} you know it's all about fair share
[10:57] {fish_49} I would take 9/16 lot if I were you Alex
[10:57] {Alexs} :)
01[10:57] {&Threei}  25/32
01[10:57] {&Threei}  gosh, I miss fraction times
01[10:58] {&Threei}  they were so confusing for newbies, you could make money just on their miscalculations
[10:58] {fish_49} some futures still trade fractions  It's driving me crazy  I stay away
[10:59] {fish_49} I'm a newbie  but I wont give you my money  lol  I don't want to be on the other side of your trade
01[11:01] {&Threei}  1:1
[11:02] {+cc_9} 1 hour of market going nowhere...yawn
[11:03] {dino} conn sm l .51
[11:03] {nemo} basically riding the 50 day
01[11:05] {&Threei}  1:2
[11:06] {dino} newbie? you will be asimulated fish
[11:07] {Will49} or filletted
[11:07] {nemo} 7 of 9
[11:07] {fish_49} ?
[11:07] {nemo} frankly she should have been 10 of 9
01[11:08] {&Threei}  someone wake nemo up
01[11:08] {&Threei}  on second thought...
[11:08] {nemo} dino knows
[11:09] {dino} indeed nemo
[11:09] {dino} out conn
[11:09] {dino} .09, +.58
[11:09] {Will49} the shadow knows
[11:10] {nemo} that's some volatility in conn
[11:11] {dino} air pocket city
[11:13] {+cc_9} FIO nonstop
[11:13] {+cc_9} looking for some profit taking at some point today
01[11:13] {&Threei}  1:3
01[11:13] {&Threei}  me out in full
01[11:13] {&Threei}  me happy
[11:13] {Will49} me too tks Vad
01[11:13] {&Threei}  :)
[11:13] {Alexs} progressives never happy
01[11:14] {&Threei}  they never are... sorry Alex, you chose that miserable way to live {G}
01[11:14] {&Threei}  now, look at what I, will and ese have in our backyard... 4 top photos in https://www.facebook.com/VadymGraiferPhotography
01[11:15] {&Threei}  shot this Saturday from the ferry, on a routine trip suddenly turned into whale watching tour
[11:16] {fish_49} beautiful
01[11:17] {&Threei}  first time one of my shots gets such audience... over 11 thousands as we speak, and counting
[11:17] {Will49} yes...we are fortunate to live here
[11:17] {Will49} great shots Vad
01[11:17] {&Threei}  ty
[11:20] {bbobr} beautiful shots
01[11:20] {&Threei}  thank you
01[11:21] {&Threei}  posted them yesterday morning... since then they were shared by all major tourist agencies FB pages
[11:22] {fish_49} When I see your FB postings  I often think.. Really? is there that much beauty in one place
[11:22] {+cc_9} good stuff Vad
01[11:22] {&Threei}  :)
01[11:22] {&Threei}  this island is quite something...
[11:23] {nemo} that's why Vad's there...to balance it out
[11:23] {Will49} LOL
[11:23] {Alexs} where did you make pic of falling ice Vad?
01[11:23] {&Threei}  a few too many progressives, if you ask me... but you have to pay for the right to live in paradise :)
01[11:23] {&Threei}  that's Alaska. alex
[11:23] {nemo} 1 progressive is a few too many
[11:23] {Will49} ese is on probation
[11:28] {ese} well.......in a manner of speaking
01[11:28] {&Threei} Short Setup: GLD  134 break
[11:28] {ese} i'm still working
[11:28] {ese} if thats what you mean
01[11:28] {&Threei}  work is eternal probation
01[11:29] {&Threei}  and damnation
[11:29] {ese} indeed
[11:30] {ese} but i seem to picking stocks that pay off in the same time frame as paint drying
[11:30] {Will49} what you do isn't work ese
[11:30] {Will49} you got it made in the shade :)
[11:30] {ese} ya for sure
01[11:30] {&Threei}  and you can always benefit from stocks we pick
[11:31] {Will49} AND ...you live in paradise
01[11:31] {&Threei}  I mean, you could hadn't you put me on ignore
[11:31] {ese} lol
[11:31] {ese} which reminds me vad
01[11:32] {&Threei}  where is "un-ignore" button?
[11:32] {dino} dfrg sm s .97
[11:32] {ese} i tried to watch the scalp trading course video that i bought from you  and it doesn't want to work with my apple computers or my windows 8 operating system.....
01[11:33] {&Threei}  on apple, you would have to use some kind of emulator
01[11:33] {&Threei}  I don't know much about that
[11:33] {ese} the course is about 5 years old i guess
01[11:33] {&Threei}  on win8, you just need to download the codec
01[11:33] {&Threei}  same as for any other windows, let me find it
[11:34] {ese} whats that
[11:34] {Alexs} gld still valid?
[11:34] {Will49} female product
01[11:34] {&Threei}  http://download.techsmith.com/tscc/tscc.exe
01[11:34] {&Threei}  yes
01[11:34] {&Threei}  If holds  .10
[11:35] {Alexs} hl? ;)
01[11:35] {&Threei}  load that video codec, windows will play those videos
01[11:35] {&Threei}  go away alex :)
[11:37] {ese} NTAP......it about time
[11:37] {drewj} Vad should I enter orders at the trigger price before price gets there?
01[11:37] {&Threei}  US) Fed's Williams (dove, FOMC non-voter): Policy response could impact economy longer than previously thought, can impact inflation and asset prices well into the future- Notes cannot use a 'rational expectations' criteria when trying to spot bubbles, as investors in many cases do not act rationally during investments - Asset bubbles and crashes are part of human nature. Main line of defense is good supervision. - Fed needs to ponder unintended consequences when thinking about monetary policy.
01[11:38] {&Threei}  good supervision, eh
01[11:38] {&Threei}  drew... your order shouldn't go through before setup actually triggers
01[11:38] {&Threei}  enter 133.98 limit, hit it when 134 is broken
01[11:39] {&Threei}  should be in at .99 now
[11:39] {drewj} that's what I meant...
01[11:39] {&Threei}  1:1
[11:41] {drewj} target?
[11:42] {dino} cov dfrg .80, +.17
01[11:43] {&Threei}  unless there is specific comment, a trade is considered tectbook, atiming for 1:3 with partials and trailing
01[11:43] {&Threei}  "textbook, aiming"
[11:43] {drewj} ok
[11:44] {Alexs} target is "fair share" always
01[11:44] {&Threei}  hehe
01[11:44] {&Threei}  dino, we created monster
[11:45] {Alexs} I'm progresive objectivist now
01[11:45] {&Threei}  that's what Greenspan thought he was
[11:45] {Alexs} lol
01[11:46] {&Threei}  he had to deal with this internal conflict somehow
[11:46] {nemo} he should have tried a .38
01[11:46] {&Threei}  on one hand, Ayn Rand stutend and follower
01[11:47] {&Threei}  one another, oversaw gold standard demise
01[11:47] {&Threei}  she would have strangled him if she lived to see what he did
[11:48] {dino} pbyi spike
[11:48] {dino} cmrx spike
[11:49] {dino} cmrx sm s .86 ave
[12:00] {ese} am outta here up +.17 with ntap we'll see what happens end of day....cya tomorrow
01[12:00] {&Threei}  take care ese
[12:01] {ese} cya vad
01[12:03] {&Threei}  out on a trail
[12:11] {dino} cov cmrx ave .69, +.19
[12:11] {dino} thin sucker
[12:11] {dino} opps .16
[12:35] {dino} .
01[12:36] {&Threei} Long Setup:  C  .85 break
01[12:36] {&Threei}  If holds  .80
[12:38] {dino} meli spike
01[13:04] {&Threei}  1:1
01[13:04] {&Threei}  (US) Leaders in the House of Reps reportedly prepared to sign on to a stop-gap spending bill to allow the govt to operate through the middle of December**NOTE: 08/26: US Treasury Sec Lew: Confirms mid-Oct timeframe for hitting debt limit; Congress needs to act soon to avoid risk of default, exhausting borrowing capacity could cause disruption to the economy.
[13:07] {drewj} vad what do you do when the price starts to meander like it is now?  Stay in till stop is hit or should I have moved up the stop?
01[13:08] {&Threei}  after 1:1 is hit and first partial is taken, stop is trailed to just under b/e
01[13:08] {&Threei}  so it's at .84 now
[13:09] {drewj} so stop is .84 now?
01[13:09] {&Threei}  right
01[13:10] {&Threei}  during this quiet time scalping often is preferrable
01[13:11] {&Threei}  kind of individual choice
[13:11] {drewj} 1:1?
01[13:11] {&Threei}  yeah
[13:11] {dino} incy spike
[13:11] {drewj} so 1:1 was 5 cents or 10?
01[13:13] {&Threei}  well, formally it's 5 but in practice, since 5 cents profit iis about meaningless unless you are doing scalping type I, we still go for 10, even when stop is 5
01[13:13] {&Threei}  and continue calling it 1:1 for the sake of unification
[13:14] {drewj} so in this case it's .95 right
01[13:14] {&Threei}  would be highly confusing to state: 1:1, but since stop is small, let's take partial at 1:2
01[13:14] {&Threei}  yes, and that's when I posted "1:1"
[13:15] {drewj} so I should automatically get half out always at 1:1 which will be a minimum of .10 cents unless stated as type I scalp?
01[13:15] {&Threei}  if for some reason there is a deviation from SOP, I state it in the room
[13:16] {drewj} standard operating proceedure?
01[13:16] {&Threei}  yes
[13:16] {Alexs} lol
[13:16] {drewj} :)
01[13:16] {&Threei}  for instance,
01[13:16] {&Threei}  sometimes when stop is 5 cents, and stock has troubles with 10 cents, and market klooks unsure,
01[13:17] {&Threei}  I may call taking half at 8 or 9 cents,
01[13:17] {&Threei}  sometimes I call trailing stop half way
01[13:18] {&Threei}  impossible to standartize each and every situation, this is where experience comes to help
01[13:18] {&Threei}  but generally idea is:
[13:18] {drewj} i'm sure
01[13:18] {&Threei}  here is SOP for normal markets/stocks,
01[13:18] {&Threei}  and if I add nothing, just follow it
01[13:19] {&Threei}  If there is a necessity to correct the cvoirse, I will say it
[13:19] {Alexs} and you will happy
01[13:19] {&Threei}  this way we cut down on repetition of standard things
01[13:19] {&Threei}  and free the chat for insultsa, hazing, bad jokes etc
[13:20] {fish_49} lol
01[13:20] {&Threei}  all the things we enjoy so much
[13:20] {drewj} my god is that the truth...
[13:20] {drewj} i've got no problem fighting it out though:)
01[13:20] {&Threei}  you know... having nemo for a friend you start underatdning the practicality of advice:
01[13:20] {&Threei}  keep your friends close and your enemies in the trunk
[13:21] {drewj} this is going to be good.
[13:21] {drewj} ha ha...
[13:21] {drewj} or coffin
[13:21] {Will49} don't laugh at your own jokes though
01[13:21] {&Threei}  well
[13:21] {drewj} it's a good thing he's far away from all the people in the room
[13:21] {Will49} that's not SOP
01[13:21] {&Threei}  whzt can I do if I find them funny
01[13:22] {&Threei}  and no one else does
[13:22] {Will49} I won't let you down Vad
[13:22] {drewj} i agree.  i'm my best audience.
[13:22] {fish_49} so for an example  Long XYZ break of .40  if stays above .30  your buying at .41 and your stop (Sell Order) is placed at .29. You then ride it up and sell half at 1:1  which would be .50.  then move stop to just under break even.  Ride it up until 3:1 or stopped out.  After trade finishe  then you must give half earnings  to Alex   It's the rule
01[13:22] {&Threei}  yes Will, but I had to endure two months of your vacation...
[13:22] {Will49} :)
01[13:23] {&Threei}  you got it fish
[13:23] {drewj} I should have taken 1:1 on C.  I got stopped out and now it's running up/
01[13:23] {&Threei}  have you taken half?
[13:23] {drewj} I took it all off when it printed .84
01[13:24] {&Threei}  I mean half at 1:1
01[13:24] {&Threei}  .95
[13:24] {drewj} I missed 1:1.
[13:24] {drewj} No
01[13:24] {&Threei}  why not just lay out order?
[13:24] {fish_49} Drew  what platform are you trading on?
01[13:24] {&Threei}  let them taker you out, collect ECN rebate
[13:24] {drewj} That's what i was asking you about before.
01[13:24] {&Threei}  cut dopwn on your commissions
01[13:24] {&Threei}  no, you asked on an entry
01[13:25] {&Threei}  this is very different
[13:25] {drewj} EH?
01[13:25] {&Threei}  entry requires trigger
[13:25] {drewj} I'm trying to work out the rules.
[13:26] {drewj} So if you make a call and it triggers then I can enter a limit order at 1:1 for half of the lot?
[13:26] {drewj} right
[13:26] {drewj} ?
[13:26] {fish_49} you got it
[13:26] {drewj} thanks fish
01[13:26] {&Threei}  to exit? yes
01[13:27] {&Threei}  there are still details to it but let's do it step by step
[13:27] {drewj} so can I also enter a second order to sell at the stop price...having both orders in at the same time?
[13:27] {fish_49} There are only 2 reasons  to scalp.  1= when vad calls the call his voice shakes and 2: if your account is nearing the 25K limit and you need to build it back up slowly
01[13:28] {&Threei}  unless you are with cc9, and 25K is not your problem
[13:28] {drewj} 25K is not a problem
01[13:28] {&Threei}  I wouldn't do it this way drew
[13:28] {drewj} ok
01[13:28] {&Threei}  I hate automated stops
[13:28] {fish_49} well then just scalp when Vads voice is squeaks as he makes the call
01[13:28] {&Threei}  also, how do you know trade won't be stopped in full?
[13:29] {drewj} i can't hear the squeeks...
01[13:29] {&Threei}  your half and half orders will only make you sell second half ina hurry then
[13:29] {drewj} i don't know
[13:29] {drewj} right.  It's too complicated.
[13:29] {fish_49} Drew  may I ask?
[13:29] {drewj} soot
[13:29] {drewj} shoot
[13:29] {fish_49} did you review a video Vad made?  called lunch money?
[13:30] {fish_49} it's shows a good example if you don't want to use hard stops
[13:30] {drewj} I could...I saw it but it's been a while
[13:31] {drewj} I want to follow vad's rules as closely as possible.  I'm just trying to get them worked out.
[13:31] {Alexs} is it video how to make money having a lunch?
01[13:31] {&Threei}  OK, it was very difficult for me not to say "you and me both" but I did it
[13:32] {drewj} are you laughing at your own joke vad?
01[13:32] {&Threei}  press briefing by WH is coming
01[13:32] {&Threei}  I so am... but I won't admit it
[13:33] {drewj} It's so easy to say all these things from behind a computer screen...eh?
[13:33] {drewj} It is fun though.
[13:33] {fish_49} In My Humble Opinion, no good reason to hold a position over night for the next couple nights
[13:33] {Will49} how about the next 365 nights?
01[13:33] {&Threei}  imo, that goes for about 364 days a year
[13:34] {fish_49} 9/11 coming up  market might get jerky like Vad drinking his first cup of coffee for the day
[13:37] {drewj} vad how do i cut down on commissions like you said?
[13:39] {nemo} as you said
[13:39] {drewj} :)
01[13:39] {&Threei}  if you lay out your order and let others take it out, ECN pays you rebate
01[13:39] {&Threei}  as you add liquidity
[13:39] {nemo} grammar around here is atrocious
01[13:40] {&Threei}  if you hit domeone's order, you remove liquidity, thus you oay ECN fee
[13:40] {nemo} basically limit orders that are not at the BBBO
01[13:40] {&Threei}  mine is impeccable, nemo
01[13:41] {&Threei}  to make it clear, let's me cite an example
[13:41] {Will49} I have to shave mine to keep it impeccable
01[13:41] {&Threei}  stock is quoted 10 x 10.05
[13:41] {drewj} oh no
[13:42] {nemo} took you for a waxer there will
01[13:42] {&Threei}  you want to buy it
[13:42] {drewj} i hear the gutter calling.
[13:42] {Will49} :)
01[13:42] {&Threei}  if you hit 10.05 offer, you remove liquidity
[13:42] {drewj} I'm listening vad
[13:42] {Will49} sorry for the interruption Vad
[13:42] {drewj} so a limit order is concidered adding liquidity.
01[13:42] {&Threei}  if you put in a bid below 10.05, you are trying to entice someone to sell to you, and if someone doesa, you add liquidity
01[13:43] {&Threei}  no
01[13:43] {&Threei}  only limit oder that is below the best offer for buy or above the best bid for sell
[13:43] {drewj} so better than the market.
01[13:43] {&Threei}  to go back to that C example,
01[13:44] {&Threei}  after you biught .85 break and have open long position,
01[13:44] {&Threei}  if you go ahead and enter sell order at .95, you add liquidity
01[13:44] {&Threei}  Now, if stock vomes to .95,
01[13:44] {&Threei}  comes
01[13:44] {&Threei}  pauses and starts retreating
01[13:44] {&Threei}  and you are not sure of it so you have to hit the bid at let's say .93
01[13:45] {&Threei}  you remove liquidity
01[13:45] {&Threei}  and oay ECN fee, unlike in case of being taken out at .95 where you waited for buyers
01[13:45] {&Threei}  follow me?
[13:46] {drewj} yes
01[13:46] {&Threei}  cool... this is it :)
[13:46] {drewj} does this work for short postitions as well?
01[13:46] {&Threei}  of course
01[13:47] {&Threei}  sell short at 70, put in bid at .90
01[13:47] {&Threei}  soemone sold into your bifd, you got ECN rebate
[13:47] {drewj} not too difficult
01[13:47] {&Threei}  not as a concept
01[13:48] {&Threei}  in practice however...
[13:48] {drewj} it's just something to do when possible.
01[13:48] {&Threei}  you have to remember that when you hit someone's order, you are guaranteed execution as long as there are no competing orders ahead of yours.'
[13:48] {drewj} So are you still in C with a half lot?
01[13:48] {&Threei}  If you lay out your order, no one is obligated to take it out
[13:49] {drewj} So they are trying to smooth things out?
01[13:49] {&Threei}  and you will get your execution only if/when price goes through your linmit
01[13:49] {&Threei}  why would I, it tagged .84
01[13:49] {&Threei}  so I sold second half
[13:49] {drewj} Right
[14:06] {fish_49} done for the day
[14:06] {fish_49} have a great day guys
[14:06] {fish_49} TY  Vad
[14:06] {drewj} me too.
[14:06] {drewj} Thanks guys.
[14:06] {Will49} be good drew
01[14:06] {&Threei}  take care fish, drew
[14:07] {drewj} you to...i'm having fun so far.
[14:08] {nemo} gsk
01[14:10] {&Threei}  (SY) Senate Majority leader Reid: Senate to hold vote on on Syria on Wednesday
01[14:11] {&Threei}  President to meet in closed door sessions on Tuesday ahead of National address
[14:15] {+cc_9} GSK
[14:15] {+cc_9} nvm, nemo is on it
[14:15] {nemo} yeah, what's the news?
[14:16] {nemo} guess spy gonna' fill the gap today
01[14:17] {&Threei}  GSK Hearing Morgan Stanley makes cautious comments On Advair FDA draft guidelines
[14:18] {nemo} spy should test 168
[14:20] {nemo} gap and frickin' grind
[14:44] {Will49} see you guys tomorrow
01[14:46] {&Threei}  take care will
[14:51] {nemo} gsk
[14:52] {dino} shld? from the check cashing?
01[14:53] {&Threei}  don't see anything fresh
[14:58] {dino} i can't borrow
[15:06] {dino} damn, it was a hell of a short
01[15:06] {&Threei}  no kidding
[15:06] {dino} could you get it?
01[15:07] {&Threei}  didn't try
[15:07] {dino} can yuo borrow it i mean
[15:07] {dino} you
01[15:07] {&Threei}  ah... yes
[15:07] {dino} ok
[15:07] {nemo} so we should open above 168 tomorrow
[15:17] {nemo} mmhh, looks like spy gonna make another run
01[15:23] {&Threei} Short Setup: GLD  .90 break
01[15:23] {&Threei}  If holds  .95
[15:24] {dino} usu spike
[15:24] {Alexs} gld doesn't look alive
01[15:26] {&Threei}  imagine how nicely it should drop then once balance is tipped :)
[15:26] {nemo} summer volume on spy
[15:28] {Alexs} sounds a bit sadistic Vad
01[15:28] {&Threei}  I blame nemo
01[15:29] {&Threei}  I suggest you do too... makes life so much easier
[15:29] {nemo} henpecked husband
01[15:29] {&Threei}  "what do you mean I sped over limit officer? it's nemo's fault of course"
[15:30] {nemo} next thing you know he'll start blaming his shitty grammar on me
01[15:30] {&Threei}  start?
01[15:30] {&Threei}  I do it for years
[15:30] {nemo} ahhhh....behind my back you svena
01[15:30] {&Threei}  why
01[15:30] {&Threei}  I told you
[15:30] {nemo} what why?
[15:30] {nemo} when?
[15:31] {nemo} surely you jest
01[15:31] {&Threei}  and hey... if I forgot, it's your fault
01[15:31] {&Threei}  see how easy it is?
[15:31] {Alexs} :)
[15:31] {nemo} frickin' fair share piles in
[15:32] {nemo} fb bounce time
01[15:32] {&Threei}  come on GLD
01[15:32] {&Threei}  it's time
[15:46] {nemo} I suppose it's my fault if the trade doesn't work
01[15:47] {&Threei}  whose else?
[15:47] {dino} lol
01[15:49] {&Threei}  also, to be totally clear... if it does, who do you think gets the credit?
[15:49] {nemo} your wife
[15:49] {Alexs} lol
01[15:49] {&Threei}  wrong
[15:50] {nemo} if youknow what's good for you
01[15:50] {&Threei}  I just keep the credit and never tell her it was there
[15:50] {Alexs} nice :)
01[15:58] {&Threei}  time's running out
01[15:58] {&Threei}  closing with little profit
01[15:58] {&Threei}  saved by the bell
01[15:58] {&Threei}  have a great evening guys, see you tomorrow
[15:58] {dino} gn
[15:59] {Alexs} gn

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Tinker, Taper, Soldier, Spy

- Syria, August non-farm payrolls and more Fed taper talk made for fast-moving markets in the first week of September. Despite the plethora of dire-sounding headlines, equity markets maintained a steady risk-on tone even as expectations for a Fed taper remained more or less intact. Bond yields continued their march higher, as the German 10-year bund nearly topped 2.0% (last tested back in March 2012) and the 10-year UST yield touched 3% for first time since July 2011. The subpar US August jobs report restrained things a bit on Friday. On the bright side, the UK accomplished an economic data trifecta with its August PMI readings: manufacturing, services and construction PMIs all exceeded market expectations and pushed out to multi-year highs. China final August manufacturing PMIs - both the official and HSBC figures - are now in expansion territory (but just barely, at 51 and 50.1, respectively) and every component of the official measure rose from July levels. World leaders gathered in St. Petersburg for the G20 conference, however their talks were overshadowed by the battle of wills between Vladimir Putin and Barak Obama over the Syria situation. Obama used the summit as a platform to make his case for a military strike on the Assad regime, getting tentative support from about half of the G20, but also had to dedicate time to assuring other leaders about the NSA-spying scandal. For the week, the DJIA snapped a month-long losing streak to gain 0.8%, the S&P500 added 1.4% and the Nasdaq rose 2%.

- The August jobs report was not terribly positive, but does not appear to be bad enough to derail expectations for the Fed to begin tapering bond purchases at the September FOMC meeting. The non-farm measure missed expectations (+169K v +180Ke) and the back-month revision to the July data was severe (to +104K from +162K). Despite the revisions, the US has averaged 183K jobs added per month over the past year, and this report does not change the trajectory of slow, steady job growth. The unemployment rate fell to 7.3% from 7.4%, a four and a half year low, but for all the wrong reasons. Unemployment unexpectedly fell again because the labor force participation rate dropped another two-tenths of a percent to 63.2%, its lowest level since August 1978.

- Taken with other recent data that was more positive, the jobs numbers left most analysts saying tapering is still on track, but has led many to speculate that the Fed could tinker with forward guidance to offset the impact of tapering. After the data Goldman Sachs Chief Economist Hatzius said growth is good enough to keep the taper on track for this month at perhaps $20B, though the jobs numbers could lead the Fed to attempt a "dovish taper" by reinforcing forward guidance or lowering the initial size of the QE cutbacks. PIMCO's Bill Gross maintained the Fed will still taper despite the payrolls miss, perhaps on the order of $10B initially. Friday afternoon, the Fed's chief dissenter Ester George said she would like to see a gradual taper, starting with a $15B reduction to a monthly rate of $70B.

- Syria news buffeted energy and commodity markets. With the UN Security Council authorization blocked and the UK parliament voting down British participation in any attack, President Obama delayed military action against Syria to seek Congressional approval. Energy and commodity prices initially traded lower on the news, with WTI crude briefly dropping below $105 after lunging above $112 in the prior week. Obama and Putin traded barbs all week, culminating in the Russian President promising to continue support for Syria even in the event of a western attack. WTI crude closed out the week around $110.

- Apple confirmed it will hold its big iPhone 5S/5C rollout next Tuesday and markets continue to digest various rumors and speculation about what exactly Apple has up its sleeve. On the device side, it is clear that there will be an updated iPhone 5S and a new range of lower-cost devices oriented toward emerging markets ('5C'). Rumors suggested that there may be a fingerprint sensor integrated into the new models as a new security feature. On the business side, traders were intrigued by reports of a special event for journalist in Beijing on Sept 11th. Speculation was that the event would launch the iPhone on the massive China Mobile network, although later reports suggested it would simply be a rebroadcast of the US launch. China Mobile later confirmed it was in talks with Apple to carry the next iPhone but that no official agreement had been reached. Apple rival Samsung had its own product launch this week, rolling out a new iteration of its lead smartphone as well as a "smart watch" called Galaxy Gear. Almost simultaneously Qualcomm threw its hat into the device market with a preview of its own smart watch dubbed Toq.

- Shares of DRAM manufactures, most notably Micron and SanDisk, moved higher on Wednesday on reports of a fire at a major plant owned by competitor Hynix Semiconductor. Hynix later said that the fire did not damage any clean rooms at the fab while analysts suggested it might take up to a month to get the plant back on line. DRAMeXchange said the price of DRAM jumped 19% in the wake of the fire, the biggest increase in three years.

- Car makers reported their best sales data in years. August auto sales rose by double digits, with both Ford and GM topping year-ago levels. Toyota's sales gain of +23% y/y led the pack, followed closely by Nissan's 22% y/y gain. The overall industry annual sales pace (SAAR) for August beat expectations handily and topped 16M for the first time since 2007. Ford lost some ground on Friday after reports that CEO Mulally could step down early, perhaps to take a highly visible post at another Fortune 500 firm, though he quickly responded that he intends to stay at least through next year.

- The biggest merger deal in recent memory hit the tape this week: after extended negotiations, Verizon reached a deal to acquire Vodafone's 45% interest in Verizon Wireless for $130B in cash and stock. Consolidation in the telecom industry did not stop there and hours later Microsoft announced it would pay more than $7B to purchase Nokia's smartphone business. As part of the transaction, Nokia is assigning to Microsoft its long-term patent licensing agreement with Qualcomm.

- The possibility of tapering this month continues to send shockwaves through global FX markets. Emerging market currencies remain in a bad way, but at least a few were off their worst levels this week. Both the Indian Rupee and Brazilian Real were a bit firmer than the lows seen over recent weeks, although the Turkish Lira continues to plumb all-time lows against the greenback. After dropping to the lower end of its August trading range late last week, EUR/USD dropped to within striking distance of 1.3100 after Draghi said the ECB discussed rate cuts at its policy meeting on Thursday. Analysts called the comment surprising given the recent streak of (slightly) better-than-expected European data out since the July meeting.

- The BoJ's Kuroda pushed the government to not postpone its planned tax hike for fear of a possible tumble in government bonds, using the rate decision press conference to warn the government it risks losing market confidence. Both the government and the BoJ would be in a tight spot if bond prices plunged and interest rates surged. Additionally, the BoJ raised its economic assessment for September for the first time in two months. USD/JPY hit six-week highs above the 110 level.



TradeTheNews