Feb 19 2014

A bit jerky day, with nice wins ranging from 1:2 to 1:4, and a few stops here and there. Winning trades were easy to get so finishing slightly positive

Session Time: Wed Feb 19 00:00:00 2014
01[08:55] {@Threei}  morning guys
[08:55] {fish_49} gm Vad
01[08:56] {@Threei}  fish :)
[08:56] {nemo} we'll never get the smell out of the room
[09:00] {fish_49} Love you too Nemo
01[09:01] {@Threei}  this reminded me of nemo for some reason:
01[09:01] {@Threei}  Better shoot, recharge and shoot again than point the the flashlight and ask "who is there?"
[09:01] {nemo} yeah, flashlight just gives them something to shoot at
[09:02] {fish_49} why would they have something to shoot at? you already shot them twice..  Are you that bad of a shot?
[09:03] {nemo} cute...no, why come down with a flashlight giving away your location before you shoot?
[09:03] {nemo} always get a kick out of that on tv
[09:03] {nemo} mount the flashlight on the gun, or hold it right under the gun as you hold the gun smack in the middle of your body
[09:04] {fish_49} who said the flashlight was on
[09:04] {nemo} minor, but important detail
01[09:04] {@Threei}  yeah, that always strikes me as highly idiotic: loud sound from the kitchen when no one is supposed to be home, character asks nervously "who is there??"
[09:04] {fish_49} Vad said in broken english...  Shoot First ask questions second
01[09:05] {@Threei}  as if serial killer is about to say "yeah, I am here, wanna sandwich?"
[09:08] {darekj} gm all
01[09:08] {@Threei}  darek :)
[09:08] {fish_49} gm daekj
[09:18] {RonS} gm gents & curmudgeon(s)...
01[09:18] {@Threei}  ron :)
01[09:21] {@Threei}  FOMC minutes tpday
[09:21] {fish_49} yea
[09:21] {fish_49} housing numbers not good
[09:22] {fish_49} Feds highly unlikely  to make any changes to plan in my opinion  so sideways  markets  until 2 pm  perhaps?
[09:24] {RonS} big dog day...watch dino chase cars...catch them...take to bank...
[09:24] {goinshort} gm all !
[09:25] {fish_49} gm Gs
[09:25] {nemo} look at vxx, a little fear creeping into the market
01[09:25] {@Threei}  gs :)
[09:27] {dino} lol ron
[09:28] {RonS} hey ese
[09:28] {ese} morning.....
[09:28] {ese} ron!!!!!!!!!!!
01[09:28] {@Threei}  ese :)
[09:29] {ese} vad
01[09:30] {@Threei} Short Setup: C  .20 break break
[09:31] {dino} ande?
01[09:31] {@Threei}  .c .30
01[09:31] {@Threei}  If holds  .30
[09:31] {dino} ohh, split
01[09:34] {@Threei}  stop to .26
01[09:34] {@Threei}  1:1
[09:34] {fish_49} out
[09:34] {fish_49} ty
01[09:34] {@Threei}  yw
01[09:37] {@Threei} Short Setup: FB  .80 break hl
01[09:37] {@Threei}  If holds  .90
[09:38] {nemo} open air for facebook
01[09:38] {@Threei}  Invalidated
01[09:40] {@Threei} Short Setup: AIG  .90 break
01[09:40] {@Threei}  If holds  58
[09:41] {fish_49} big range  lol
01[09:41] {@Threei}  lol
01[09:41] {@Threei}  2 shares position
01[09:41] {@Threei}  If holds  50  of course
01[09:42] {@Threei}  Invalidated
01[09:45] {@Threei}  FB is starting to look ridiculous
[09:45] {nemo} look at daily, in the channel
01[09:47] {@Threei}  one more spike and should be ready
[09:47] {nemo} top of channel is .50 and R2ish on daily
[09:47] {dino} sm smr wide, l .56
[09:48] {dino} dorm spike
[09:49] {nemo} hah! fb kissed R2 and dropped
01[09:49] {@Threei}  got away
[09:50] {fish_49} buying the pullback since trend is up?
[09:50] {dino} sm stopped, that sucked
01[09:54] {@Threei} Short Setup: AIG  .90 break
01[09:54] {@Threei}  If holds  50
01[09:56] {@Threei}  Invalidated
[09:57] {fish_49} any read on HD  Vad?
[09:57] {dino} sm smr l .10
01[09:57] {@Threei} Short Setup: HD  77 break
01[09:58] {@Threei}  If holds  .10
01[09:58] {@Threei} Long Setup:  FB  .40 break hl
01[09:58] {@Threei}  If holds  .30
[10:00] {nemo} twtr weak
01[10:00] {@Threei}  meh
[10:02] {dino} tex smr l .51
01[10:08] {@Threei}  1:1  HD
[10:08] {fish_49} 1:1
[10:10] {nemo} they're going for SPY all time highs
01[10:13] {@Threei} Long Setup:  P  .10 break hl
01[10:13] {@Threei}  If holds  37
01[10:17] {@Threei}  come on already
[10:17] {nemo} P weak today, likely a short at .30ish
01[10:18] {@Threei}  no problem, let's just get there
[10:18] {fish_49} there was nice support at .07 that left in a blink of an eye b4 price even hit .07
01[10:19] {@Threei}  nah
01[10:23] {@Threei}  rinse
01[10:23] {@Threei}  this is just indecent
[10:25] {thomcbell} splk 85.50 short break if holding 85.60
[10:27] {thomcbell} splk invalidated
01[10:27] {@Threei} Long Setup:  C  .30 break
01[10:27] {@Threei}  If holds  .20
[10:37] {dino} oii drop
01[10:37] {@Threei}  no go
[10:38] {fish_49} C sucks  Im gonna go use my Citi Credit card and refuse to pay them
[10:39] {dino} that'll show them
01[10:40] {@Threei} Short Setup: CAT  .60 break
01[10:40] {@Threei}  If holds  .70
01[10:40] {@Threei}  hl
[10:43] {dino} out sm 74.45, m+1.35
[10:43] {dino} x the m
[10:44] {fish_49} NICE
[10:44] {dino} ty
01[10:46] {@Threei}  wtg
01[10:50] {@Threei}  1:1
[10:55] {thomcbell} splk valid again
[10:55] {thomcbell} 85.50 break if holding 85.60 half lot for me
[10:56] {dino} sm .50 wall, break may go
[10:58] {dino} sm giddy-up
01[10:58] {@Threei}  1:2
01[11:00] {@Threei}  1:3
01[11:00] {@Threei}  out
01[11:00] {@Threei}  finalky something decent
[11:00] {thomcbell} splk invalid obviously
[11:02] {darekj} ty Vad
01[11:02] {@Threei}  :)
[11:03] {goinshort} nice Vad -thanks
01[11:03] {@Threei}  yw
[11:03] {nemo} probably into the pre-minutestrual period
01[11:10] {@Threei}  C stop dictated CAT short, in a way
01[11:10] {@Threei}  same setup...
01[11:10] {@Threei}  long didn't work
[11:10] {fish_49} I was occupied  and didnt ge in CAT  waa
01[11:11] {@Threei}  wow... this is second day in a row when you don't get in the best trade of the day
01[11:11] {@Threei}  AIG yesterday
[11:11] {fish_49} Yea
[11:12] {fish_49} I'ts not best trade of day  I know u have a $:1  up your sleave
[11:12] {fish_49} Hey Vad  you know what is worse than being insulted by Nemo?
[11:12] {fish_49} Not realizing you were insulted  lol
[11:13] {fish_49} HD 2:1
[11:13] {RonS} nemo insult never bad...it's like watching Picasso paint...
[11:13] {fish_49} I got out at 1:1  waaa
01[11:13] {@Threei}  lol
01[11:14] {@Threei}  wow CAT
01[11:14] {@Threei}  almost 1:6
[11:14] {fish_49} you mean Nemo and Dead man  looks same?
[11:15] {dino} once again, banks not participating
01[11:15] {@Threei}  speaking of... you know what Picasso model said to the guy who was hitting on her in the bar when he put his hand on her leg?
[11:16] {fish_49} no
01[11:16] {@Threei}  "Young man, I am a Picasso model for a reason. What you are looking is located behind my right ear"
[11:16] {RonS} ready ese?
[11:16] {RonS} go ese...rim shot...
01[11:17] {@Threei}  sigh... whatever
01[11:17] {@Threei}  I miss will
[11:17] {fish_49} lol
[11:17] {RonS} lol
[11:17] {fish_49} loll
[11:17] {dino} ???
[11:17] {fish_49} where is the old man
[11:17] {RonS} working on his skin cancer...
[11:17] {fish_49} ohhhhh
[11:18] {fish_49} Sorry Will
01[11:19] {@Threei}  listening to all the commentators blabbing about Ukraine is laughable in the extreme
01[11:19] {@Threei}  they have no idea what actually happened over there to trigger all this
01[11:19] {@Threei}  but are full of platitudes
01[11:19] {@Threei}  "democracy, freedom..."
[11:19] {dino} talking heads, just reading a teleprompter
[11:20] {fish_49} sounds like CNBC
01[11:23] {@Threei}  https://www.facebook.com/VadymGraiferPhotography/posts/547346078697672
01[11:25] {@Threei}  in case you haven't seen my octopus shots, http://photography.realitytrader.com/2014/02/shaw-ocean-discovery-centre.html
[11:26] {fish_49} he is lucky he didnt lose the camera
[11:26] {fish_49} the pics he got was worth the risk  wow
01[11:27] {@Threei}  considering that these things grow up to 30 ft, he is lucky it wasn't a full grown sample
[11:32] {fish_49} here is a desert pic I took and proud of
[11:33] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/P2090184Fixed_zps49b20511.jpg.html
[11:33] {fish_49} except the little whit blur in center of pic is the reflection of a van that  I removed from the pic and forgot to remove the reflection
01[11:34] {@Threei} Short Setup: AIG  .85 break
01[11:35] {@Threei}  If holds  .95
01[11:40] {@Threei}  One of Parliament reps on Maidan: Yanukovich, you will end up as Qaddafi
01[11:40] {@Threei}  really starts looking like that
[11:41] {fish_49} and who would be the replacement?
01[11:41] {@Threei}  at this point it doesn't matter anymore
01[11:42] {@Threei}  people want this thug out
01[11:42] {@Threei}  sending Berkut squads to kill protesters was over the top
[11:43] {fish_49} world is ok with that unless he used WMD
[11:43] {fish_49} and then the world is still ok
[11:43] {thomcbell} oxy 96.13 long break
[11:44] {thomcbell} if holding 96.03
[11:47] {dino} exactly fish
01[11:49] {@Threei}  Protesters stake out Mt. Gox's Tokyo HQ to get bitcoins back
[11:51] {thomcbell} oxy 1:1
[11:53] {goinshort} took the OXY scalp -thanks thom
01[11:53] {@Threei}  wtg
[11:56] {dino} gj
[11:56] {RonS} hlf sm l .45 s/l lod
[11:58] {fish_49} !:1
[11:58] {fish_49} 1:1
[11:59] {nemo} wtf
01[11:59] {@Threei}  1:1
01[11:59] {@Threei}  no news
[11:59] {dino} mkt drop
[12:04] {thomcbell} IMF Warns G-20 of Risks of Deflation, Emerging-Market Turmoil
[12:04] {thomcbell} think that may have been what it was
01[12:04] {@Threei}  yup
[12:05] {nemo} yeah, to drastic a drop to not be news related
[12:05] {nemo} as a rule that is
01[12:06] {@Threei}  1:2  AIG
[12:06] {nemo} funny...saw finnies drop below vwap and then double top against it, which is usually a good signal...which it was
01[12:09] {@Threei}  1:3
[12:09] {dino} hlf smackdown
[12:11] {darekj} ty Vad!
01[12:12] {@Threei}  :)
01[12:13] {@Threei}  1:4
01[12:13] {@Threei}  out
01[12:13] {@Threei}  fish... tell me you got this one
[12:13] {fish_49} yes  but jumped out  at 1:1.5
[12:13] {fish_49} lol
01[12:16] {@Threei}  Russia out of men's hockey tourney with 3-1 loss to Finland
[12:16] {fish_49} huh?
[12:16] {nemo} twitter Vad
[12:16] {fish_49} what happened  to them?
01[12:16] {@Threei}  I guess a few new forest cutters about to appear in Siberia
[12:16] {nemo} for the glory of the proletariat
[12:17] {fish_49} damn  Nemo using another  big  word  I need to look up...  thank god it's lunch time
[12:17] {thomcbell} short setup 49.50 break if holding 49.60
[12:17] {fish_49} thom  ?
[12:17] {nemo} obviously not a student of Hegel and Marx
[12:18] {thomcbell} sorry guys that was ubnt
[12:19] {thomcbell} 1:1
[12:19] {thomcbell} target is 49
[12:19] {thomcbell} 1:2
[12:19] {nemo} nice
[12:19] {nemo} twtr short break of .80 but time of day iffy
[12:20] {thomcbell} 1:3
01[12:20] {@Threei}  wtg
[12:21] {thomcbell} 1:4
01[12:21] {@Threei}  AIG 1:5
[12:21] {fish_49} HD 1:5
[12:21] {fish_49} lol
[12:23] {dino} gj
01[12:23] {@Threei}  (US) Fed's Lockhart (moderate, FOMC alternate): Asset purchases likely to have been completely wound down by Q4; taper process to continue despite weaker jobs data
[12:23] {nemo} we'll just call him "dino"
[12:24] {fish_49} huh  I thought they would not be releasing any info to public until 2:00
01[12:25] {@Threei}  this is not minutes, just usual fed interviews
[12:25] {fish_49} ahhhhh
[12:26] {thomcbell} ubnt 1:7 and out
[12:26] {dino} wtg
[12:26] {RonS} gj
[12:27] {fish_49} next time  tell us  or your going back to Tinkerbell
[12:30] {dino} z gap fill
[12:31] {thomcbell} fish i did it
[12:31] {dino} ande hl l .41
[12:31] {thomcbell} just omitted the ticker on first entry
01[12:33] {@Threei}  as an insignificant detail
[12:33] {thomcbell} i corrected the text a minute later at 49.40
01[12:34] {@Threei}  I wouldn't...
01[12:34] {@Threei}  he who can read your mind deserves the trade
[12:41] {dino} sm smr l .50
[12:42] {RonS} ya l sm .41...
[12:47] {RonS} dino thinking here that sm can go $2...opinion?
[12:54] {dino} 76, yes
[12:55] {dino} ron, thing is, it breaths pretty big (.40-.60)
[12:55] {nemo} whoa!  DP!
[12:56] {dptl} lol...good afternoon...hows things?
01[12:56] {@Threei}  hey dp :)
[12:56] {nemo} gets any better I'm calling the undertaker
[12:56] {dptl} hey Vad
[12:56] {dino} hey dp
[12:56] {dptl} Dino:)
06[12:57] * @Threei slaps dptl around a bit with a large fresh wild salmon
01[12:57] {@Threei}  just so you feel at home
[12:57] {dino} ron, 75 wall it seems
[12:57] {dptl} feels good...lol
01[12:58] {@Threei}  at your service :)
[13:02] {dino} out sm .80, +.30
[13:03] {RonS} out sm .75 +.31
01[13:03] {@Threei}  wtg
[13:04] {dino} ty
[13:04] {dino} ron see that breath, drops .50 in blink
[13:11] {dino} tex to .95 taking hours
[13:12] {dino} to .99
[13:14] {dino} to .09
[13:15] {dino} out tex .21, +.70
[13:15] {RonS} wtg
[13:15] {dino} ty
[13:15] {RonS} as predicted...big dog day
[13:16] {fish_49} everyday is Big Dog day
[13:16] {fish_49} I'm waiting for Big Fish Day
[13:16] {fish_49} lol
[13:16] {RonS} dino says: it's good to be a big dog...
[13:16] {dino} slow day, only 4 trades
[13:20] {dino} jo spike
01[13:25] {@Threei} Long Setup:  GLD  .25 break
01[13:25] {@Threei}  If holds  .15
[13:29] {RonS} games w/ ande bid/asks...
[13:32] {dino} lol, ya think
[13:32] {dino} where you in at?
01[13:32] {@Threei}  YESSS!!! Canadian bobsled duo wins gold at Sochi Games
01[13:32] {@Threei}  what's bobsled btw?
[13:33] {fish_49} lol  your serious?
01[13:33] {@Threei}  half
01[13:33] {@Threei}  this one I know
01[13:33] {@Threei}  but there are quite a few that I don't
01[13:33] {@Threei}  halfpipe??
[13:33] {RonS} dino in ande .30...
01[13:33] {@Threei}  mogul?
01[13:33] {@Threei}  skeleton?
[13:33] {dino} good entry, .41 here
01[13:34] {@Threei}  wtf
[13:34] {fish_49} lol
[13:34] {fish_49} lol
[13:34] {fish_49} Mogul  just bumps in the course
[13:34] {RonS} had .16 break as s/l so wanted lower...
[13:34] {fish_49} Half is 180
[13:34] {fish_49} no idea about skeleton
01[13:35] {@Threei}  see?
01[13:35] {@Threei}  and the day I understand how curling is sport, please shoot me
[13:36] {RonS} should be re-named sweeping...
01[13:36] {@Threei}  mopping
[13:36] {RonS} bowling for norwegians...
01[13:36] {@Threei}  vigorous mopping
01[13:36] {@Threei}  vigorous mopping with cheering
[13:37] {fish_49} ever heard of a Curling injury?
[13:37] {RonS} fashion show for those high...
01[13:37] {@Threei}  stop... my mind goes in very gutteral places
[13:37] {fish_49} I was almost demoted once when I asked my boss how he broke his leg...
[13:37] {RonS} lol...wow
[13:37] {fish_49} I laughed at him so hard when he said it was a sports injury  (Bowling)
01[13:38] {@Threei}  I guess it wasn't In Russia
01[13:38] {@Threei}  laugh at your boss, get demoted from live to dead
[13:38] {fish_49} lol
01[13:39] {@Threei}  speaking of... dp, can you believe your eyes looking at what happens in Ukraine?
[13:39] {dptl} crazy...
01[13:43] {@Threei}  Goldman trader turned neuroscientist says our physiology causes market crashes to worsen as cortisol spikes
01[13:43] {@Threei}  wait... I thought it was HFT
01[13:43] {@Threei}  and algos
[13:43] {thomcbell} what time are minutes 2:00?
01[13:43] {@Threei}  turns out it's damn cortisol
01[13:43] {@Threei}  yes thom
01[13:44] {@Threei}  so, injection of testosteron should stop market crashes?
[13:44] {fish_49} very possible  Vad
01[13:45] {@Threei}  {--- proud of his knowledge of the human biochemistry
[13:45] {dino} panw drop
01[13:45] {@Threei}  that's cortisol, dino
[13:46] {fish_49} or expired Viagra
01[13:46] {@Threei}  no wait, it's news
01[13:46] {@Threei}  PANW Ticks lower on circulation of potentially adverse court ruling in case against Juniper
01[13:46] {@Threei}  OK, it's cortisol spike caused by news
01[13:48] {@Threei}  - The minutes of the Jan 28-29th meeting are outdated at this point, with more disappointing data and a number of Fed speakers commenting since. New Fed Chair Yellen testified before Congress last week, emphasizing policy continuity and suggesting little has changed in the Fed's view since the December meeting. Other Fed officials have largely indicated that tapering will not be thrown off track by a few bad data points that could be attributable to bad weather. Apart from the temporary impacts of the weather, the minutes could show discussion of other external risks like the emerging market upset in January.
[13:55] {RonS} sm should be s&m...
[13:56] {dino} yeah, missed the re-entry on it
[13:57] {RonS} freakin ande...every time bid put in someone auto cuts it...
[13:58] {RonS} have cancelled 6 orders already
[13:58] {dino} i see it. just want .71, but not putting ask in yet, want to wait a bit
01[13:59] {@Threei}  *(US) MINUTES OF THE JAN 29TH FOMC MEETING: SEVERAL OFFICIALS WANTED A CLEAR REDUCTION OF $10B IN ASSET PURCHASES PER MEETINGS
01[13:59] {@Threei}  no go GLD
01[14:02] {@Threei} Long Setup:  IWM  115 break hl
01[14:02] {@Threei}  If holds  .90
01[14:05] {@Threei}  ok, direction seems to be determined
01[14:05] {@Threei}  move your butt SPY
01[14:05] {@Threei}  and take IWM with you
01[14:06] {@Threei}  1:1
01[14:07] {@Threei}  1:2
[14:08] {thomcbell} swks 31.45 long break if holding 31.40
[14:10] {dino} out ande .71, +.30
01[14:12] {@Threei}  out on a trail
[14:12] {RonS} gj ande must be male hooker...still getting jerked off here...
01[14:12] {@Threei}  lol
01[14:12] {@Threei}  ese, you here?
[14:12] {dino} lol
[14:15] {RonS} out ande .76 +.46
[14:15] {thomcbell} swks invalid
[14:15] {dino} that bid drop is a bitch
[14:15] {nemo} real jerk around
[14:23] {dino} there goes that bid again
01[14:29] {@Threei} Short Setup: GLD  .80 break hl
01[14:29] {@Threei}  If holds  .90
[14:32] {dino} damn, tex and sm went about .80 more after my exits
[14:32] {fish_49} you made money right?
01[14:33] {@Threei}  valid
[14:34] {dino} indeed i did.
[14:34] {fish_49} share it
[14:34] {dino} never
[14:34] {fish_49} you get snow or rain today?
[14:35] {dino} about an inch or two of snow in late morning. yesterday 4"
[14:35] {fish_49} I got lucky  all rain this am
[14:36] {dino} we're supposed to hit 40-50s f thursday-saturday. over 30" on ground, so possibly some flooding
[14:37] {fish_49} yea  hope we dont flood out  down here  from the susky
[14:37] {dino} ron, sm pullback, from .70s to teens, wickeed
[14:38] {RonS} ergo s&m...
01[14:39] {@Threei}  still valid
[14:41] {fish_49} hit sell when printed .79  filled at .81
[14:42] {nemo} slippage
01[14:43] {@Threei}  no crying
[14:43] {fish_49} lol
06[14:44] * nemo passes the KY to fish
01[14:44] {@Threei}  if fish cries under water, is there tears?
[14:44] {fish_49} nobody knows
[14:44] {nemo} are there
[14:45] {nemo} fish dcc
01[14:45] {@Threei}  merh
01[14:46] {@Threei}  we are not friends with GLD today
[14:46] {dino} sm big drop
[14:46] {nemo} all that glitters is not gold
01[14:51] {@Threei}  English is the weirdest language
[14:56] {nemo} gld coming to a conclusion soon
01[14:57] {@Threei} Long Setup:  IWM  .75 breeak
01[14:57] {@Threei}  If holds  .70
01[14:58] {@Threei}  Invalidated
01[15:04] {@Threei}  *(&^%$( GLD
[15:07] {thomcbell} lly is very impressive
01[15:07] {@Threei} Long Setup:  IWM  .70 break
01[15:07] {@Threei}  If holds  .60
01[15:10] {@Threei}  Invalidated
[15:11] {dino} you're trying to make something of nothing, relax
01[15:11] {@Threei}  me?
[15:11] {fish_49} long side Bias?
[15:11] {dino} yes, you keep wanting long w/trend down
01[15:12] {@Threei}  there was clear setup
[15:12] {dino} ron, sm
[15:12] {RonS} ya, brutal
01[15:12] {@Threei}  you guys misread me I guess
[15:12] {dino} will be on iyt tomorrow
[15:12] {nemo} I agree...spy iwm rejected vwap, finnies couldn't even get back there
[15:12] {nemo} might see some short covering a little later
[15:13] {dino} maybe 3i, just seems you want long
01[15:13] {@Threei}  look at 1 min IWM
[15:13] {dino} as long as you know what you are seeing. you're much better trader than i
01[15:13] {@Threei}  see clear double bottom that would have triggered should it break .70?
[15:13] {nemo} fas coming into 50 day @.75
01[15:13] {@Threei}  it lost .60, no more setup
[15:14] {thomcbell} fb vad
01[15:15] {@Threei}  FB looks short tome but stop placement is not very clean
[15:15] {thomcbell} i know we need to make it tradeable here
[15:32] {fish_49} knock knock  Who Shot the sheriff?
01[15:35] {@Threei} Long Setup:  FB  .10 break hl
01[15:35] {@Threei}  If holds  68
01[15:37] {@Threei}  change to 68 break if holds .90
01[15:38] {@Threei}  SPY's bouncing
01[15:39] {@Threei}  nah
01[15:47] {@Threei}  finishing with selling
01[15:49] {@Threei}  thank you all, have a good evening
01[15:49] {@Threei}  see you tomorrow
[15:50] {fish_49} take care Vad
[15:50] {fish_49} bye all
[15:50] {dino} done here too, gn all, thx for ideas
[15:51] {darekj} gn all

Feb 18 2014

Some setups are so textbook, you almost feel guilty making money on them. JBE setup, right from the 111 TRADES pages: http://www.realitytrader.com/111trades.html 

Decent day overall although majority of trades were limited to scalps.


Session Time: Tue Feb 18 00:00:01 2014
[08:36] {dino} .
[08:42] {fish_49} Get plenty of snow Dino?
01[08:46] {@Threei}  morning guys
[08:46] {fish_49} gm Vad
01[08:46] {@Threei}  welcome back fish
[08:47] {fish_49} thanks..
[08:47] {dino} fish, yeah after the 20" or so thurs/fri, got another 6" on saturday, and 4-6" coming today
[08:47] {fish_49} I was stuck in Vegas because of the snow storm
[08:48] {fish_49} was scheduled to come back last Wednesday but couldn't make it back until saturday
[08:48] {fish_49} yea  we only got 4 inches last night  not a big deal
[08:48] {fish_49} I have managed to be away for each of the big storms this year
[08:48] {fish_49} Vegas was fun but  Im not into the casino thing.
[08:49] {dino} wow, thats long time to be stuck
[08:49] {fish_49} I spent $.025 on the slot machine..pushed the button 1 time  and won $6.00 then cashed out and walked away  lol
[08:49] {dino} where you located fish?
[08:49] {fish_49} Maryland
[08:50] {fish_49} Hour north of Baltimore
[08:50] {fish_49} hour south of Philly
[08:50] {dino} ok
[08:50] {dino} about 4 hours south of me
01[08:52] {@Threei}  same here fish, been to Vegas many times, spent about 50 cvents in total on slots
[08:53] {fish_49} I could lose $2000 in the market and be fine.  If I lose $20 in casino I would be sick for a few days
[08:56] {dino} pretty much how i am. on cruise ships i don't even walk in casinos
[08:57] {dino} brb
[09:18] {darekj} gm all
01[09:18] {@Threei}  darek :)
[09:20] {RonS} gm
01[09:21] {@Threei}  ron :)
01[09:24] {@Threei}  quiet pre-market
[09:24] {nemo} very...feels like it needs a catalyst...likelihood is a range day after the last coupla weeks
[09:28] {fish_49} KO nice drop in premarket
[09:29] {RonS} KO'd then?
[09:29] {fish_49} yep  by PEP
[09:29] {nemo} knew that was coming'
01[09:29] {@Threei} Long Setup:  GDX  .60 break
01[09:30] {@Threei}  If holds  .50
01[09:31] {@Threei}  Invalidated
01[09:32] {@Threei} Long Setup:  CHK  .40 break
01[09:32] {@Threei}  If holds  .30
[09:33] {nemo} wfm really weak
01[09:34] {@Threei}  stop .34
01[09:35] {@Threei} Short Setup: FB  .80 break hl
01[09:35] {@Threei}  If holds  .90
01[09:36] {@Threei}  change to .85 break
01[09:36] {@Threei}  If holds  .95
01[09:36] {@Threei}  1:1  FB
01[09:37] {@Threei}  half out CHK
01[09:37] {@Threei}  1:1
[09:38] {thomcbell} oxy looks interesting
[09:39] {dino} bcor?
[09:40] {nemo} nice low volume stock
01[09:40] {@Threei}  BCOR Hearing boutique firm Gotham making cautious comments
01[09:42] {@Threei} Long Setup:  GDX  .20 break
01[09:42] {@Threei}  If holds  .10
01[09:42] {@Threei}  (US) Preview: Feb NAHB Housing Market Index due out at 10:00ET (15:00 GMT)**Consensus expectations: 56e v 56 prior **Reminder: The Dec reading of 58 matched an eight-year high seen in Aug
[09:42] {dino} bcor smr l .90
[09:44] {dino} out bcor .40, +.50
[09:45] {RonS} gj
[09:45] {dino} ty, too soon
01[09:47] {@Threei}  stop to .14
01[09:50] {@Threei}  1:1
[09:51] {dino} bcor smr l .91
01[09:52] {@Threei} Short Setup: ABX  .35 break
[09:52] {dino} ksu smr l .35 pulp
01[09:53] {@Threei}  If holds  .42
[09:54] {dino} ksu stop .99 -.36
[09:56] {RonS} wbai sm l 40.70
01[09:57] {@Threei}  cover half
01[09:57] {@Threei}  stop to .36
01[09:57] {@Threei}  1:1
01[09:59] {@Threei}  *(US) FEB NAHB HOUSING MARKET INDEX: 46 V 56E
01[09:59] {@Threei}  yikes
[09:59] {fish_49} not good
[10:01] {fish_49} Markets  said  "Who cares"
01[10:02] {@Threei}  then decided it did
01[10:02] {@Threei}  then took a shot of vodka and changed its mind again
[10:02] {fish_49} lol
[10:05] {fish_49} Vodka ust have been watered down
[10:07] {thomcbell} len long setup 41 break
[10:07] {dino} ksu smr l .75
[10:09] {thomcbell} len 1:1
01[10:09] {@Threei} Short Setup: C  .55 break
01[10:09] {@Threei}  If holds  .65
[10:10] {thomcbell} thats all she wrote on len
01[10:13] {@Threei}  stop to .61
01[10:14] {@Threei}  who knows what market drinks next, vodka or hemlock
[10:15] {fish_49} perhaps the cool-aide
01[10:19] {@Threei}  meh
[10:23] {RonS} out wbai 41.85 +1.15
[10:23] {fish_49} nice
01[10:28] {@Threei} Short Setup: GNC  .10 break hl
01[10:28] {@Threei}  If holds  .20
01[10:29] {@Threei}  meh
[10:30] {fish_49} Market changed to Coffee
[10:30] {RonS} jesus, thought it was a long and bought at .15...
[10:30] {dino} bcor smr l .89
[10:32] {RonS} out flat
[10:33] {dino} gj ron wbai
[10:33] {RonS} ty
01[10:36] {@Threei}  (US) Fed's Williams (dove, FOMC non-voter): The tapering of QE will continue, expecting continued positive momentum in the economy - press interview
01[10:37] {@Threei} Short Setup: FB  .80 break
01[10:37] {@Threei}  If holds  .90
[10:38] {fish_49} missed it
01[10:38] {@Threei}  just gave second cnace
01[10:38] {@Threei}  chance
01[10:46] {@Threei}  1:1
01[10:46] {@Threei}  finally
01[10:47] {@Threei}  took its sweet time
[10:49] {RonS} bs move in ksu...that only 2 blocks have traded is the tell...
01[10:52] {@Threei} Long Setup:  AIG  .40 break
01[10:53] {@Threei}  If holds  .30
[11:00] {fish_49} JPM break of .50?
01[11:00] {@Threei}  half out .48
01[11:01] {@Threei}  I'd prefer pullback on JPM...
01[11:02] {@Threei}  1:1
[11:03] {fish_49} sure  1:1  I went to get coffee and didn't get in that one....
[11:03] {fish_49} I need a better maid
[11:03] {fish_49} Nemo would be perfect for the job
[11:04] {fish_49} Good Morning Nemo..  Missed you man  lol
01[11:06] {@Threei}  1:2
01[11:07] {@Threei}  1:3
01[11:07] {@Threei}  out
01[11:07] {@Threei}  whew
[11:08] {RonS} soda sm l .65
[11:08] {thomcbell} ubnt from friday - AHHHHHH
[11:08] {darekj} ty Vad:)
01[11:08] {@Threei}  yw :)
[11:10] {fish_49} Vodka wore off the markets
[11:12] {dino} bcor stop -.38
[11:12] {RonS} bcor sm l .50
[11:15] {dino} fmi spike
[11:15] {nemo} iwm relentless
01[11:22] {@Threei} Short Setup: JPM  .55 break
01[11:22] {@Threei}  If holds  .61
[11:25] {RonS} nclh sunk
[11:27] {dino} fmi smr s .66
[11:27] {RonS} nclh sm l .61
[11:33] {dino} ubnt animal
[11:33] {RonS} prlb monster
[11:33] {thomcbell} maddening ubnt
[11:35] {dino} out ksu 90.76, +2.01
[11:35] {RonS} gj
[11:35] {dino} ty
[11:35] {fish_49} Share
[11:35] {RonS} out bcor +.05  relentless volume...
[11:39] {RonS} out nclh +.30 too thick...
[11:40] {dino} fmi stop -.34
[11:42] {RonS} out soda flat...no carbonation
[11:49] {RonS} nclh searching for Atlantis...
[11:50] {RonS} ...or should be for Nemo?
[11:50] {RonS} ...feeling like Rodney here...
[11:51] {RonS} ...no repect...and dead....
[11:51] {RonS} respect
[11:51] {RonS} damn you Will I need an audience...
01[11:53] {@Threei}  lol
[11:53] {RonS} munky go "wizard of Oz" on us?
01[11:54] {@Threei}  no idea
[11:56] {dino} nclh re-load off of .00
01[11:56] {@Threei} Short Setup: EBAY  ,40 break
01[11:57] {@Threei}  If holds  .50
[12:03] {thomcbell} amazing this ubnt trades tightly up here
[12:03] {thomcbell} 50 break if holding 49.80 half lot
[12:03] {RonS} nclh sm l 32.48
01[12:04] {@Threei}  no go
[12:05] {dino} `mclh sm l .20
[12:06] {dino} nclh
[12:09] {thomcbell} ubnt hit 1:2 and then nothing
[12:09] {thomcbell} i didnt get any shares so i cancelled
[12:09] {thomcbell} this is all ibd no other news
[12:14] {thomcbell} dino almost time for a scalp short in ubnt
[12:15] {fish_49} wow thats jumpy  Thom
[12:15] {fish_49} u get it short?
[12:17] {dino} why is it up tbell?
[12:18] {dino} nclh dec gap filled
[12:18] {thomcbell} it has been mentioned in ibd as a base building name for about 2 weeks
[12:18] {thomcbell} and today it finally went
[12:18] {thomcbell} that is it
[12:19] {dino} hmmm
[12:20] {thomcbell} only analyst commentary i saw was a strong buy by zach's last week
[12:23] {RonS} out nclh 32.75 for 32.30 ave +.45
[12:24] {RonS} from
[12:24] {dino} gj
[12:24] {RonS} too soon
[12:24] {dino} still in from 32.20
01[12:51] {@Threei}  Ukraine's political crisis escalated sharply Tuesday, with at least nine people reported killed and scores injured in violent, often fiery battles between anti-government demonstrators and police in Kiev.
[12:52] {dino} bcor to .39
[12:55] {dino} to .49
[13:01] {dino} to .69
[13:02] {dino} to .79
[13:02] {dino} walking the dog
[13:02] {fish_49} No pullback here? .93
[13:03] {fish_49} the volume decreased as price went up
[13:04] {fish_49} wow  impressive
[13:04] {dino} to .89
[13:05] {dino} out bcor .89, +1.00, was a toughy finding entry tho, stopped 1st time around
[13:05] {RonS} gj
[13:05] {dino} ty
01[13:05] {@Threei}  nicre
01[13:05] {@Threei}  -r
[13:05] {dino} ty
[13:10] {dino} out nclh .01, +.81
[13:11] {RonS} gj...gee if you lived someplace nice now you could go play golf...lol
[13:11] {dino} lol
01[13:11] {@Threei}  lol
[13:12] {dino} that one was a pia to find entry on too, stopped first time
01[13:12] {@Threei}  I have this nagging suspicion I am not going to Kyiv any time soon:
01[13:12] {@Threei}  http://www.youtube.com/watch?v=yjMs_vAV6S8#t=31
[13:14] {fish_49} damn
[13:15] {fish_49} those are some large bricks landing on some small heads
[13:17] {fish_49} I think Milos Mitic don't like me or my beliefs  lol
01[13:17] {@Threei}  I can't hardly believe my eyes
[13:18] {fish_49} you cant believe there are that many police  or you cant believe they had enough and are standing up for themselves in large numbers?
01[13:18] {@Threei}  I mean, this is not a country where governments change every 3 months and street riots is a habitual passtime
01[13:19] {@Threei}  people for decades were politically inert
01[13:19] {@Threei}  the only customary interaction with government wasd to hide from it
01[13:20] {@Threei}  this kind of riots on the familiar streets is incredible to see
[13:20] {fish_49} no hiding today  they kicked some ass
01[13:20] {@Threei}  I am not really sure who is standing up for what though
01[13:20] {@Threei}  against Russia, for EU?
[13:21] {fish_49} in the early 80's  I watched that  every day in South Korea.  carried gas mask everywhere I went
01[13:21] {@Threei}  heh
01[13:21] {@Threei}  opposition is not monolithic, there are very different forces in it
[13:21] {fish_49} what seems to to be the cause?  why are they fighting the GOV now
01[13:22] {@Threei}  some of them are open nazis
[13:22] {fish_49} the protestors  or the gov?
[13:22] {dino} gel drop
01[13:22] {@Threei}  protestors
[13:23] {fish_49} ohhhh
01[13:23] {@Threei}  gov are just common thugs
01[13:23] {@Threei}  it started with demand to join EU and not Russia
[13:23] {fish_49} so the thugs fight the nazis   hmmmm
01[13:23] {@Threei}  and original protestors were mostly sincere in that
01[13:24] {@Threei}  but over months of the standoff, many various forces joined in\
[13:24] {RonS} GEL said Q4 net income from continuing operations fell to $0.19 per unit from $0.34 the year earlier and coming in well below the $0.36 average estimate from analysts polled by Capital IQ. Revenues were up at $961 million from $919 million a year ago, missing the $1.4 billion estimate.
01[13:28] {@Threei}  Police Crackdown on Protestors' Camp on Independence Square is Underway
01[13:31] {@Threei}  frikin EBAY
01[13:31] {@Threei}  rinsed
[13:35] {dino} sn drop
01[13:37] {@Threei} Short Setup: JPM  .40 break
01[13:37] {@Threei}  If holds  .50
[13:39] {dino} sn wow
[13:39] {dino} smr l .25
[13:40] {dino} 28.25
[13:48] {thomcbell} ubnt holy pattern failure there
[13:48] {thomcbell} vad - failed cup and handle and boom
[13:48] {nemo} coming up on 48 mil spy traded...gonna' be a low volume day
01[13:48] {@Threei}  yeah
[13:50] {nemo} which makes that strong iwm push today interesting
[13:52] {fish_49} Dino do you golf?
[13:52] {dino} yes
[13:53] {fish_49} I visited a pretty demanding course while on vacation last week
[13:53] {fish_49} https://www.google.com/search?q=devils+golf+course&sa=X&hl=en&gl=us&authuser=0&tbm=isch&imgil=zWT7d5aXlwo2jM%253A%253Bhttps%253A%252F%252Fencrypted-tbn3.gstatic.com%252Fimages%253Fq%253Dtbn%253AANd9GcQQoqKQ8XGpn8gPtnsOXSX7Lr3uhnAtqqSor4kuvzJ6R_KHjm2OOA%253B2579%253B1924%253BRghULR9KpFGoPM%253Bhttp%25253A%25252F%25252Fkevinraber.com%25252F2011%25252F04%25252F10%25252Fthe-devil%25252525E2%
[13:53] {fish_49} 2525252580%2525252599s-golf-course%25252F&source=iu&usg=__FhKUEjYukRnc_izDF8PZdYNoKzo%3D&ei=v6IDU5LDMMGbygGD74CwDw&ved=0CEEQ9QEwAg&biw=1424&bih=757#facrc=_&imgdii=zWT7d5aXlwo2jM%3A%3Bu5Aa4y1UEPqd3M%3BzWT7d5aXlwo2jM%3A&imgrc=zWT7d5aXlwo2jM%253A%3BRghULR9KpFGoPM%3Bhttp%253A%252F%252Fkevinraber.files.wordpress.com%252F2011%252F04%252Fdevils-golf-cours-for-kwr-blog.jpg%3Bhttp%253A%252F%252Fk
[13:53] {fish_49} evinraber.com%252F2011%252F04%252F10%252Fthe-devil%2525E2%252580%252599s-golf-course%252F%3B2579%3B1924
01[13:53] {@Threei}  wow
[13:53] {dino} was in myrtle beach weekend on feb 1
[13:54] {fish_49} the link will work  just long
[13:54] {dino} have to et out of sn trade first
[13:55] {dino} get
[13:57] {RonS} fish:  http://tinyurl.com/
[13:58] {fish_49} http://tinyurl.com/jvwhwub
[13:59] {fish_49} Nice Ron...  Thanks
[13:59] {fish_49} the rest of the room thanks you also for teaching me that  lol
[14:00] {nemo} what browser you using Fish face?
[14:03] {fish_49} I prefer IE
[14:03] {nemo} oh...
[14:04] {nemo} not sure about that one, but there are URL shortener add ons for Firefox and Chrome that work well
[14:06] {fish_49} ty Toad face
[14:06] {dino} out sn 29.50, +1.25
[14:06] {fish_49} damn   Dino on fire today
[14:06] {dino} lucky
[14:07] {dino} one wicked chart
[14:07] {RonS} he's like a gay pride parade...flaming all over the place...
[14:08] {dino} not at all
[14:11] {RonS} ok...like a habib wearing female...you have no idea what's going on under there...
[14:11] {dino} lol
[14:11] {dino} just a dog chasing cars
[14:28] {dino} ioc spike
[14:32] {thomcbell} fish face
[14:34] {fish_49} yes Thom?
[14:34] {thomcbell} i was reading through the discussions and saw that
[14:35] {fish_49} Such a thin trading day  it's better if I just annoy Toad Face
01[14:39] {@Threei} Short Setup: EBAY  .20 break
01[14:39] {@Threei}  If holds  .25
[14:40] {nemo} shorting a dull market
[14:41] {dino} tree spike
[14:42] {nemo} boredom reveals itself in strange ways
[14:42] {RonS} environmentalists?
01[14:42] {@Threei}  lol
[14:44] {RonS} won't bother him a bit...$10.10 minimum wage, supported by President Obama, could cost as many as 500,000 jobs, Congressional Budget Office says
01[14:46] {@Threei}  that will increase his voters base by 500,000
[14:49] {dino} exactly, more on handouts=more democrat votes
01[15:27] {@Threei}  who can we petition to plug the market back in?
[15:27] {fish_49} Nemo Toad
[15:28] {nemo} yeah, boring market +cabin fever, not a good combo
01[15:28] {@Threei}  I am about to dash to Maidan in Kyic for some excitment
01[15:29] {@Threei}  Kyiv
[15:29] {fish_49} helmet and mask in hand?
01[15:29] {@Threei}  AK-47 would be better
01[15:29] {@Threei}  watching live feed from there... war zone
[15:29] {fish_49} who will u shoot  the thugs or the nazis?
01[15:30] {@Threei}  kidding?
01[15:30] {@Threei}  everyoen who approaches
01[15:30] {@Threei}  look: http://guzei.com/online_tv/watch.php?online_tv_id=4609
[15:31] {nemo} was watching a Bloomberg Link earlier
[15:31] {fish_49} hahaha  great link Vad
[15:31] {fish_49} it's russian?
01[15:31] {@Threei}  ukrainian I think
[15:31] {fish_49} can u translate?  I think she is saying  someting about you Vad
01[15:32] {@Threei}  right now it's just a live feed from Maidan
01[15:42] {@Threei} Short Setup: GLD  .50 break
01[15:42] {@Threei}  If holds  .60
[15:49] {fish_49} have a great night  see everyone tomorrow
01[15:49] {@Threei}  you too fish
[15:49] {dino} znh spike
01[15:53] {@Threei}  half out GLD
01[15:54] {@Threei}  1:1
01[15:55] {@Threei}  closed in full
01[15:55] {@Threei}  OK guys, thank you all
01[15:55] {@Threei}  have a great evening
01[15:55] {@Threei}  see you tomorrow
[15:56] {darekj} gn
[15:58] {dino} gn all, thx for ideas

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Yellen and Boehner Send US Equities Back toward All-Time Highs

- Global equity markets saw a solid run of risk-on trading this week. In the US, newly-installed Fed Chair Janet Yellen said all the right things in her first public report to Congress, pledging continuity with the policies pursued by Ben Bernenke. House Speaker Boehner surprised markets and his own party by proposing and then forcing through a clean debt ceiling increase, with no conditions. In the eurozone, a raft of slightly better-than-expected preliminary Q4 GDP reports helped support the emerging slow European recovery thesis. With snowstorms disrupting life up and down the US east coast, trading volumes were on the low side for most of the week, supporting a stronger, quicker move higher in equities. The S&P500 closed out the week within striking distance of the recent all-time high of 1,850. For the week, the DJIA rose 2.3%, the S&P500 gained 2.3% and the Nasdaq added 2.9%.

- In testimony before Congress, Yellen pledged her support for current FOMC policy and emphasized that there would be a great deal of continuity in monetary policy from Bernanke's tenure. Yellen repeated Bernanke's constant refrain that rates would remain near zero until well past the 6.5% threshold comes and goes. On QE, Yellen reflected the committee view that it would take a notable change in the outlook to alter the trajectory of tapering, though left leeway by reiterating that the taper is not on a pre-set course. Regarding the recent payrolls weakness, she said she was surprised the Dec and Jan reports came in below expectations but also said one cannot jump to conclusions based on two reports impacted by terrible winter weather.

- The "clean" debt ceiling hike may very well go down as the moment when the budget wars of the last several years ended in truce. The Speaker's move prevented another protracted and damaging battle and authorized the national credit card through March 2015.

- Spot gold prices have gained approximately 3.5% over the last week, and the metal crossed above its 200-day moving average on Friday for first time in a year. Gold has seen a steady recovery since early January, and the catalysts behind the leg up this week are somewhat opaque, with continued emerging market weakness, a softer dollar and even the cyber-attacks on bitcoin exchanges being cited. However, some analysts suggest it will take more than short-term technical moves to propel the yellow metal very far beyond the $1,300 level. Copper hit three-week highs this week, rising to $3.265. Silver gained a whopping 5% on Friday alone. Crude spent almost the entire week in the $100 handle, but the big gains in the front-month contract all arrived last Friday, post payrolls.

- January US retail sales slipped lower m/m even as the December result was revised lower, into negative territory. The disappointing data dampened the risk-on tone in markets on Thursday, however the reason for the slip is pretty obvious at this point: icy weather. The same excuse for weak results was behind the January jobs report and has been repeated by nearly every CEO in a consumer-exposed business for all of the current earnings season. The biggest negative component in the retail report was weak January auto sales, a factor which had already been disclosed in US January sales numbers out of the major auto manufacturers last week.

- Time Warner Cable agreed to Comcast's all-stock merger offer, valuing the cable giant around $45.2 billion, and spurning Charter Communications $132.50/share offer. The deal combines the two largest US cable TV companies in an entity with 30 million subscribers, and is practically guaranteed to draw lots of anti-trust attention. To assuage these concerns, Comcast has pledged to divest 3 million subscribers after the deal closes, but notably the deal did not include any breakup fee, and Time Warner shares are trading at more than a 5% discount to the deal price.

- Discomfort with the future of Cisco has only deepened after its latest quarterly revenue decline. Cisco's revenue slid 8% y/y in its second quarter, and it said it would slide another 6-8% in its third quarter. CEO Chambers pounded the table, citing a book-to-bill greater than 1.0 and the best booking backlog the company has seen in years. Cisco shares lost 4.5% after reporting on Wednesday but recovered nearly all of the losses in the back half of the week. Meanwhile, two other tech hardware names, Applied Materials and Nvidia, surged to new 52 week highs after issuing strong quarterly reports.

- Deere topped consensus expectations in its first quarter report, on very modest y/y gains in income and revenue. The firm reiterated it glum forecasts for FY14, with total sales seen down 3% y/y, on flagging global demand. One bright spot was the outlook for construction and forestry, as the rebounding economy in the US and Canada spurs more housing starts.

- Italian Prime Minister Enrico Letta has been thrown out of office by the leader of his own party, Matteo Renzi. The young, ambitious leader of the center-left Democratic Party, Renzi claimed that electoral and employment reforms were getting mired in political paralysis and felt compelled to push Letta out. The move gives Italy its third government in the last 12 months, though Renzi got assurances from the erstwhile opposition that they would continue to support the ruling coalition. Yields on 10-year Italian government bonds fell to their lowest levels since early 2006, around 3.68%, reflecting the lack of concern over the developments in financial markets.

- EUR/USD rose to its highest levels in two weeks and very nearly matched YTD highs from early January, around 1.3715. The ECB monthly report trimmed its outlook for Eurozone inflation in 2014 and 2015, however the initial 2016 forecast was for harmonized CPI at 1.7% in 2016, backing Draghi's repeated assertions that there will not be deflation in the Eurozone. Recall that in last week's post-ECB decision press conference, Draghi specifically cited the need to have these initial 2016 forecasts in hand before making any more decisions about cutting rates further. Decent preliminary Q4 GDP reports from core members France, Germany, and the Netherlands as well as peripheral nations Italy and Portugal also helped support the euro.

- The Bank of England's quarterly inflation report was seen as a bit more hawkish than expected in maintaining the 7.0% unemployment threshold (with the latest unemployment reading at 7.1%). The report also suggested the BoE's new forward guidance would monitor a broader range of economic indicators, without being too specific about which indicators were being watched. Sterling firmed as analysts decided the BoE will tighten policy sooner than it would loosen it. GBP/USD hit highest level since May 2011, above 1.6700.

TradeTheNews

Feb 14 2014

Some trades work just right - not too fast (easy to enter) and not too slow (not make you wait too long). 40 cents in 20 minutes is nice too. Far from asking AIG to be our valentine, but it deserves some acknowledgement.

Between that and a few more 1:2ers on WTW, GLD, C etc, finished an uneven week on a very nice note. Always pleasant to go into the weekend, especially long one, with solidly profitable day.



Session Time: Fri Feb 14 00:00:00 2014
01[09:11] {@Threei}  2 separate crashes involving as many as 100 cars shut down eastbound lanes of Pennsylvania Turnpike
01[09:12] {@Threei}  good thing dino doesn't have to drive to work
[09:20] {_darekj} gm all
01[09:20] {@Threei}  darek :)
[09:22] {dino} gm, total snow from storm, 18"
[09:23] {RonS} howdy dudeys
01[09:23] {@Threei}  dino, ron :)
01[09:23] {@Threei}  18" is a lot
01[09:24] {@Threei}  but here is something worse:
01[09:24] {@Threei}  (Reuters) – The savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.
01[09:24] {@Threei}  The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.
01[09:24] {@Threei}  can you believe this crap?
[09:25] {RonS} cray...the nsa must be buying a lot of supercomputers...
01[09:25] {@Threei}  lol
[09:26] {RonS} Factory production in U.S. fell in January by most since 2009: http://bloom.bg/1nyBZZN
[09:26] {RonS} .8%
[09:27] {RonS} -
[09:27] {ese} morning ladies and gents
01[09:28] {@Threei}  ese :)
[09:29] {ese} just decided we won't be geting on a plane this weekend........
01[09:30] {@Threei} Long Setup:  GDX  .40 break
01[09:30] {@Threei}  If holds  .35
01[09:31] {@Threei}  tight stop for the opening trade
01[09:31] {@Threei}  better to have another shot
01[09:32] {@Threei}  especially considering that it's an aggressive entry for .45
[09:32] {ese} in .41
01[09:34] {@Threei}  1:1
[09:34] {ese} 1/2
[09:35] {ese} full balance .53
[09:35] {thomcbell} mu weak
[09:36] {ese} +.10 .+12 thnaks vad
01[09:36] {@Threei}  yw
01[09:36] {@Threei} Short Setup: C  .65 break
01[09:37] {@Threei}  If holds  .75
01[09:37] {@Threei}  nailed GDX top, ese
[09:37] {ese} that was bs luck
[09:38] {ese} saw the one min bar clip red for a second....then green....went hmmmmmm.out
[09:39] {ese} am surprised i was thinking that fast
01[09:39] {@Threei}  coffee... allows you do more stupid things faster
[09:40] {ese} indeed
01[09:40] {@Threei}  especially if taken IV
[09:41] {ese} lol
01[09:41] {@Threei}  let's trail C to .71
01[09:42] {@Threei}  shouldn't hold this well while SPY drops like this
[09:42] {ese} now that something that might sell..............have one of them stands for a coffee drip right beside your chair
[09:43] {thomcbell} mu 24.74 short break if holding 24.84
01[09:44] {@Threei} Short Setup: SLW  .70 break
01[09:45] {@Threei}  If holds  .75
01[09:45] {@Threei}  don't want to give them much room today
[09:46] {thomcbell} there is a wildly bullish article on fb on seeking alpha today
01[09:47] {@Threei}  that place became a square for anyone to speak
01[09:47] {@Threei}  walk to the podium, grab a mike
01[09:48] {@Threei}  that said, FB is interesting
01[09:48] {@Threei}  .40 is all out break
01[09:48] {@Threei}  meh SLW
01[09:50] {@Threei}  what the
[09:50] {RonS} chgg gone pulp
01[09:50] {@Threei}  look at SPY
01[09:52] {@Threei} Long Setup:  FB  .10 break hl
01[09:52] {@Threei}  If holds  67
01[09:54] {@Threei}  heavy...
01[09:54] {@Threei}  honestly trying but there is a lot of resistanve
01[09:55] {@Threei}  let's trail to .04
[09:55] {thomcbell} mu invalidated
01[09:55] {@Threei}  *(US) FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 81.2 V 80.2E
01[09:55] {@Threei}  out
[09:56] {dino} z smr l .77 gapper
01[09:58] {@Threei} Long Setup:  WMT  .70 break
01[09:58] {@Threei}  If holds  .70
01[09:58] {@Threei}  If holds  .60
[09:59] {dino} z no go stop -.35
01[10:05] {@Threei}  1:1
01[10:08] {@Threei}  C rinsed
[10:09] {dino} sjm drop
[10:10] {RonS} smucks
[10:10] {dino} z rinsed
[10:13] {RonS} caught sjm 87.40 to 88.45 too fast to post...thanks dino
01[10:14] {@Threei}  1:2
[10:15] {RonS} sjm miss 1.2% and guide down only 3.5%...
[10:16] {dino} gj ron
01[10:18] {@Threei}  nice one ron
[10:18] {RonS} ty...feel better today...
01[10:19] {@Threei}  :)
[10:19] {RonS} jesse livermore said he traded the worst when sick...so i lay off when i am...
[10:20] {dino} z sm l .80
[10:22] {dino} lol ron, you remind me of jesse
[10:25] {thomcbell} urs not trading much but pattern starting to interest me
[10:32] {dino} disca sm l .26
01[10:41] {@Threei}  CI
01[10:41] {@Threei}  sharp spike
01[10:42] {@Threei} Short Setup: AIG  .45 break
01[10:43] {@Threei}  If holds  .55
01[10:44] {@Threei}  stop to .51
[10:45] {dino} wuba spike
[10:45] {thomcbell} that wuba is thin and it didnt participate yest
[10:45] {thomcbell} with other chinese names
01[10:47] {@Threei}  1:1
[10:49] {dino} wuba smr s .28
01[10:53] {@Threei}  1:2
[10:54] {RonS} disca thicker than kirstie alley...
01[10:55] {@Threei}  ouch
[10:59] {RonS} was gonna say rosie odonell but that made even me recoil...  :)
[10:59] {dino} lol
01[11:03] {@Threei}  will try for 1:4 on AIG
01[11:03] {@Threei}  1:3
[11:03] {RonS} dino gogo
01[11:03] {@Threei}  1:4 baby
01[11:04] {@Threei}  out
[11:04] {RonS} want gogo around 20 here...
[11:04] {dino} 20.00?
[11:05] {RonS} yes...chgg l .58
[11:05] {_darekj} out AIG ty Vad
[11:05] {dino} good name for a strip club
01[11:06] {@Threei}  don't tell me no one took AIG
01[11:06] {@Threei}  darek :)
[11:07] {thomcbell} nope
[11:07] {goinshort} got in late - but nice scalp
[11:07] {thomcbell} anyone grab some urs
[11:07] {thomcbell} it is drifting up nicely
[11:10] {dino} cov wuba .68, +.60
[11:11] {thomcbell} nice dino
[11:11] {ese} Smokey Robinson and the Miracles wrote a tune called Goin To A Gogo.......my band and my High school band do the tune
[11:11] {dino} ty
[11:12] {dino} i remember a remake of that
[11:12] {ese} oh ya......and nice one wuba dino
[11:12] {ese} is that what we do on this site....trade stocks
[11:12] {ese} what was the remake?
[11:12] {nemo} I primarily harass and insult
[11:12] {ese} by who?
[11:12] {dino} out disca .36, +.10
[11:13] {dino} dk
[11:13] {ese} and!!!!!!! your en expert nemo
[11:14] {ese} a force to be reconed with
01[11:14] {@Threei}  look at that near perfect cover on AIG
01[11:14] {@Threei}  too bad we haven't reversed there, lol
[11:14] {goinshort} how about C for a short?
01[11:15] {@Threei}  .50 break...
01[11:15] {@Threei}  looks very tempting
[11:15] {goinshort} i agree
01[11:15] {@Threei}  with .58 stop, yes
[11:15] {goinshort} maybe .55
01[11:15] {@Threei} Short Setup: C  .50 break
01[11:15] {@Threei}  If holds  .57
[11:16] {thomcbell} vxx for afternoon long ?
[11:17] {nemo} probably, but I don't expect the vigor of the last few fridays
[11:18] {dino} damn, too tight disca
[11:19] {RonS} rtrx gone pulp
[11:20] {RonS} omg rtrx daily looks like nightmare...
[11:22] {dino} looks like a big island
[11:23] {RonS} vancouver? great britain? australia?
[11:23] {dino} lol
[11:35] {dino} cray
[11:38] {RonS} seymour's heirs must be smiling...
[11:40] {RonS} ...he died when his porshe hit some ice and he slammed into the underside of an overpass... CO Springs
[11:42] {RonS} true genius and American hero:   http://en.wikipedia.org/wiki/Seymore_Cray
01[11:42] {@Threei} Long Setup:  GLD  .90 break
01[11:43] {@Threei}  If holds  .85
[11:43] {RonS} damn missed gog entry by .02
[11:43] {RonS} gogo
[11:44] {dino} wuba spike again
01[11:45] {@Threei}  1:1
01[11:49] {@Threei}  Ron...
01[11:49] {@Threei}  no single line about WTW losung weight today?
[11:49] {RonS} very interesting for later:  http://www.youtube.com/watch?v=7PvfbbaiDdc
01[11:50] {@Threei}  you are slipping, man...
[11:50] {ese} am off...cya monday...tks for the trade today vad
01[11:50] {@Threei}  take care ese, have a good one
[11:50] {RonS} would be like hitting a parapalegic...
[11:50] {dino} cya
01[11:50] {@Threei}  which is wrong why? (channeling nemo)
[11:51] {dino} speaking of wtw, just weighed in. down 19 lbs since 1/6/14
01[11:51] {@Threei}  nice
01[11:51] {@Threei}  on what?
01[11:52] {@Threei}  low carb?
[11:52] {RonS} dino:  thanks snow...
[11:52] {dino} yes, atkins
[11:53] {thomcbell} wow that is a lot dino
[11:54] {thomcbell} congrats
01[11:54] {@Threei} Short Setup: WTW  .60 break hl
01[11:54] {@Threei}  If holds  .70
[11:54] {dino} goal is 30 by end of march. ymca sponsors a weight loss contest. weekly rankings by % in paper. i'm in 6th place on mens division -7.7%
01[11:55] {@Threei}  low carb is great, just gotta exit it right
[11:55] {dino} been cheating on weekends a little, pretty strict weekdays
[11:55] {RonS} lol dino...never heard of such a thing...nothing else to do around there?
01[11:55] {@Threei}  not adding all carbs on day one, with pasta, pizza and chocolate cake to celebrate :)
01[11:56] {@Threei}  but Ron... in his neck of the woods, they give you a winner of a swimsuit model contest as a prize
[11:56] {dino} ron, i'll tell ya, by publishing your name weekly, it really makes you try
[11:57] {dino} actually $300 prize to winner
[11:58] {thomcbell} the cheat day actually helps
[11:59] {dino} hasn't hurt
[12:01] {thomcbell} vad slw
[12:01] {thomcbell} did u make money on that short?
01[12:01] {@Threei}  nope, too tight stop
01[12:04] {@Threei}  1:1  WTW  close enough
01[12:04] {@Threei}  half out
01[12:17] {@Threei}  pit in full
01[12:17] {@Threei}  put
01[12:18] {@Threei}  out
01[12:18] {@Threei}  sheesh
01[12:18] {@Threei}  3 atempt to get the 3-letter word right
01[12:18] {@Threei}  attempts
01[12:18] {@Threei}  {-- crying
01[12:18] {@Threei}  {-- crying bitterly
01[12:19] {@Threei}  {-- pouring ashes on his head
[12:24] {RonS} tts gone pulp
01[12:42] {@Threei}  (EU) ECB's Weidmann: German Constitutional Court decision shows the court shares the Bundesbank's concerns about the OMT; expansionary monetary policy remains appropriate - comments in Bremen- Central banks may tighten policy whenever they want, markets should not be a guide for monetary policy. - Must make sovereign defaults in the eurozone possible in the future - Seeing the light at the end of the tunnel on economic reforms, but Germany cannot get complacent about reform. - Expansionary monetary policy is justified, but low rates can not become a permanent condition.
01[12:47] {@Threei} Long Setup:  WTW  .70 break hl
01[12:47] {@Threei}  If holds  .60
[12:49] {Routine071} hi anyone alive?
[12:49] {nemo} comatime
01[12:49] {@Threei}  everyone's alive. Now, who are you and what are you doing here?
06[12:50] * nemo racks the slide
[12:50] {goinshort} release the hounds
[13:15] {thomcbell} spwr 32.65 long break
[13:15] {thomcbell} for a chop
[13:17] {RonS} hey nemo...3i needs a vlentine's present: http://6dollarshirts.com/product.php?productid=11451
[13:20] {nemo} hehehehe
01[13:21] {@Threei}  hmmm
01[13:21] {@Threei}  Show off your complete and utter apathy with this tee.
01[13:21] {@Threei}  lol
[13:23] {thomcbell} spwr no go
[13:54] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:55] {thomcbell} the worst
[13:55] {thomcbell} its like aug 10
01[14:03] {@Threei}  (US) White House and Govt agencies reportedly is providing guidance to financial institutions on how to do business with marijuana companies ***Reminder: Back in January, US AG Holder stated that the Obama administration would soon announce regulations to make it easier for banks to do business with legal marijuana sellers.
01[14:03] {@Threei}  I'd say, this is high priority matter
[14:08] {goinshort} how about a CAT bounce at .50?
01[14:09] {@Threei}  bounce?
01[14:09] {@Threei}  breakout you mean?
[14:10] {goinshort} ok long
01[14:10] {@Threei}  chart's right but considering time of the day, I'd eaither do a half lot, or wait for pullback
[14:11] {thomcbell} this ubnt is interesting to me - been strong but encountered some selling yesterday afternoon and into today but very well matched sides here in a tight range
[14:12] {thomcbell} below vwap and opening range which is a negative so i am small
[14:12] {dino} z getting pretty bloody on a huge beat
[14:12] {thomcbell} y the trla is killing it
[14:17] {RonS} ya, in z .10...
[14:17] {dino} z sm l .75
[14:17] {dino} nice entry ron
[14:18] {RonS} held my nose and jumped...s/l be
[14:20] {dino} most likey swinging this
[14:22] {RonS} damn disca, my comment got it moving...
01[14:30] {@Threei}  so, my rancher is where it was yesterday, but this is not over:
01[14:30] {@Threei}  HEAD'S UP! A series of Pacific storms will continue to pass through the BC coast during the weekend. Damaging winds are forecast to accompany these storms. The next storm will arrives Saturday morning.
01[14:30] {@Threei}  wicked witches beware
[14:44] {RonS}  Shares of real estate site Zillow (Z:$81.6409,$-8.3591,-9.29%) on Friday triggered a short-sale circuit breaker on the Nasdaq, and were recently off almost 10% at $81.22. The circuit breaker is designed to slow shorting -- or borrowing shares in a bet the stock will fall further --in an already falling
[14:44] {RonS} come on baby squeeze!!
01[14:45] {@Threei}  that's very valentiny
[14:45] {RonS} lol
01[14:45] {@Threei}  :)
[14:46] {RonS} get all mushy and nemo will have to puke...
01[14:46] {@Threei}  which is wrong why?
[14:47] {RonS} eqzacktly...just sayin...
[15:08] {RonS} freakin fidelity has the auto re-fill on the .06 offer
[15:10] {RonS} out z .85 +.75
01[15:10] {@Threei}  wtg
[15:10] {RonS} ...time to unleash it for dino...
[15:13] {dino} nice one ron
[15:17] {RonS} ...thinking ese shows up monday wondering wtf...
01[15:20] {@Threei}  hmm?
01[15:20] {@Threei}  what about Monday?
01[15:23] {@Threei} Short Setup: GLD  .20 break
01[15:23] {@Threei}  If holds  .30
01[15:24] {@Threei}  wait, is it long weekend?
[15:24] {RonS} president's day...
01[15:24] {@Threei}  sheesh...
01[15:24] {@Threei}  good thing you mentioned it, lol
01[15:24] {@Threei}  otherwise I would be ese
01[15:26] {@Threei} Short Setup: SLW  .45 break
01[15:26] {@Threei}  If holds  .55
01[15:26] {@Threei}  If holds  .52
01[15:42] {@Threei}  1:1  GLD
[15:50] {dino} banks not really participating last 2 days
01[15:51] {@Threei}  something to short when market pulls back
[15:52] {dino} calling it a week, gn all
01[15:52] {@Threei}  have a good one dino, see you tuesday
[15:52] {dino} u2 buddy
01[15:52] {@Threei}  want a few cents more form both shorts
[15:52] {thomcbell} take care all
01[15:52] {@Threei}  3 minutes
01[15:52] {@Threei}  take care thom
[15:53] {_darekj} see you next week
01[15:54] {@Threei}  darek :)
01[15:54] {@Threei}  see private please
01[15:55] {@Threei}  closing GLD +.14
01[15:56] {@Threei}  closing SLW +.06
01[15:56] {@Threei}  good day to finish the week
01[15:56] {@Threei}  thank you all, have a great long weekend
01[15:56] {@Threei}  see you tuesday
[15:57] {nemo} C U Next Tuesday

Feb 13 2014

Catch of the Day - sniper's work on GDX bottom-fishing

Session Time: Thu Feb 13 00:00:00 2014
[09:03] {thomcbell} gm
01[09:03] {Threei}  thom :)
[09:11] {RonS} gm...nutz achey all over...must have some sort of flu
01[09:11] {Threei}  Ron :)
[09:13] {_darekj} Good morning
01[09:13] {Threei}  darek :)
01[09:17] {Threei}  C broke down a bit too early... was eyeing .35 break for short
01[09:24] {Threei}  Government offices in Washington are closed due to storm
01[09:24] {Threei}  cool... less money to burn
[09:25] {munky} morn
01[09:25] {Threei}  munky :)
[09:26] {munky} twc up 10
[09:26] {RonS} might be getting bought price is 10 less than offer...
01[09:27] {Threei}  TWC Confirms press speculation, to merge with Comcast in all-stock deal valued at $158.82/share ($159/share was speculated), total deal valued at $45.2B
[09:27] {RonS} thinking market thinks justice antitrust issues...
[09:27] {munky} uvxy up 3.50
[09:28] {dino} look chtr off twc news
[09:29] {RonS} chtr is a crappy operator, twc and cox the best...
[09:30] {nemo} comcast is pretty good
01[09:32] {Threei} Long Setup:  GDX  .75 break
01[09:32] {Threei}  If holds  .70
[09:32] {dino} disca sm l .90
01[09:36] {Threei}  1:1
[09:36] {munky} out .93 ty
01[09:36] {Threei}  1:2
[09:36] {munky} nice and easy
01[09:36] {Threei}  yw
01[09:36] {Threei}  why not leave 1/4 for 1:3?
01[09:37] {Threei}  1:3
[09:37] {munky} next time will
01[09:37] {Threei} Short Setup: C  .35 break
01[09:37] {Threei}  If holds  .40
01[09:39] {Threei}  valid
01[09:39] {Threei}  with .43 stop
01[09:39] {Threei}  sheesh GDX
[09:40] {nemo} yeah
[09:41] {thomcbell} sndk strong mu still red here
01[09:41] {Threei}  look where we entered GDX... if that's not a sniper's work
[09:41] {thomcbell} lvs big rally to pivot hee
01[09:44] {Threei}  no go
[09:45] {dino} ande sm l .15
01[09:46] {Threei} Short Setup: GDX  .15 break
01[09:46] {Threei}  If holds  .25
[09:47] {munky} watching fb
[09:50] {munky} sheesh fb
[09:50] {munky} we need to catch the short
01[09:52] {Threei} Short Setup: FB  65 break
01[09:52] {Threei}  If holds  .10
01[09:53] {Threei}  1:1
01[09:53] {Threei}  Invalidated  GDX
[09:58] {munky} fb aweful strong
[09:58] {munky} got dime sh tho
01[09:58] {Threei}  half is still here
01[10:02] {Threei}  ok... scalp only
01[10:02] {Threei}  *(US) DEC BUSINESS INVENTORIES: 0.5% V 0.4%E
[10:07] {munky} whats relationship of gdx to bspy?
[10:07] {munky} spy?
[10:08] {nemo} correlations vary
01[10:08] {Threei}  it varies
[10:08] {munky} varies day to day?
[10:08] {munky} gdx gold right
[10:08] {nemo} gold miners
[10:08] {nemo} large
[10:08] {nemo} gdxj is junior gold miners
01[10:14] {Threei} Short Setup: GDX  .40 break
01[10:14] {Threei}  If holds  .50
01[10:16] {Threei}  1:1
[10:18] {nemo} looks like fishface didn't make it home
01[10:19] {Threei}  another scalp
[10:20] {munky} yea
[10:20] {munky} so far moves power is long, scalp is sh..opposite of last few days
01[10:20] {Threei}  exactly what we were talking about
01[10:21] {Threei}  nothing is forever, things change on a dime
[10:21] {munky} drives a man, er um, a munky crazy
01[10:21] {Threei}  only if you are trying to foresee it
01[10:21] {Threei}  instead, follow the SOP
[10:21] {munky} well, i am the newbie here...what the hell do i know
01[10:21] {Threei}  and let it fall where it may
[10:21] {nemo} yeah, follow the SAP
01[10:22] {Threei}  where A stands for...?
[10:22] {nemo} no, it's a word not an acronym
[10:22] {nemo} sorry it's a kinda' insult...so unlike me
[10:22] {nemo} don't know what came over me
[10:22] {munky} whats sop?
[10:22] {nemo} I must be possessed
[10:23] {nemo} call an exorcist
[10:23] {nemo} Standard Operating Procedure
01[10:23] {Threei}  standard operational procedure
[10:23] {nemo} not to be confused with snafu or fubar
01[10:23] {Threei}  or bohica
[10:24] {nemo} definitely not bohica
01[10:24] {Threei} Short Setup: FB  .40 break
[10:24] {thomcbell} sndk unreal
01[10:24] {Threei}  If holds  .50
[10:24] {thomcbell} looking for short setup here with 74 break
[10:24] {nemo} let's see if he goes for it?
[10:24] {thomcbell} invalidated sndk
[10:25] {dino} bohica, lol
[10:25] {munky} no clue
[10:25] {nemo} told you guys the story when I was in IT
[10:25] {nemo} we named all the servers Bohica1..2..3, etc
01[10:25] {Threei}  ok FB... you must be ready
[10:25] {nemo} Unix based, would have to go into various corporate officers offices to fix problems
01[10:25] {Threei}  double top in SPY too
[10:26] {thomcbell} spwr really ?
[10:26] {nemo} there is the route tree C:/Bohica1/ex/name
[10:26] {nemo} nobody ever made a comment
01[10:27] {Threei}  no go
[10:27] {munky} out
[10:27] {dino} out disca .30, +.40
[10:27] {nemo} hey munky, you still have fur around your ankles?
01[10:27] {Threei}  wtg
[10:27] {munky} fb will never ever ever fall again lol
[10:28] {munky} whatttttttt nemo? ODD
[10:28] {nemo} mmmhhhh
[10:28] {nemo} [10:27] {nemo} hey munky, you still have fur around your ankles?
[10:30] {dino} ande to .30
[10:31] {dino} slipped, out ande 79.22, +2.07
[10:32] {RonS} wtg
[10:32] {dino} ty
[10:32] {nemo} another dino rorschach chart
[10:33] {dino} indeed, but reading report, looks like confusion over 3/2 split on earnings
[10:35] {munky} how many shares u do? was pretty wide
[10:35] {nemo} Dino has 3 lot sizes normal small and very small
[10:35] {nemo} I think normal is 600
[10:37] {dino} 400 on it
[10:37] {munky} on that stock? munky falls out of tree/
[10:37] {dino} hooker stock munky
[10:37] {nemo} well, as long as you land on your head, should be fine
[10:38] {nemo} if you land on your ass, I fear brain damage
[10:45] {thomcbell} akam long setup 59.30 break if holding 59.20
[10:48] {thomcbell} sndk seriously
[10:49] {RonS} ya well look ctrp...
[10:50] {dino} sndk, i only see worlds fastest chip
[10:50] {nemo} huh?
[10:50] {dino} ron, was watching ctrp, don't get it
[10:51] {nemo} sombebody knows something
[10:51] {RonS} $50 mil in revenues...sheesh
[10:54] {dino} sndk smr s .82
[10:55] {dino} bstop .02
[10:56] {thomcbell} its like market was really short coming into today
[10:58] {thomcbell} akam invalidated
[11:04] {thomcbell} akam hah
01[11:04] {Threei} Long Setup:  TZA  .70 break
01[11:04] {Threei}  If holds  .64
[11:16] {dino} cov sndk .51, +.31, tytbell for idea
[11:16] {munky} dont like tza
[11:16] {munky} slow, working down
[11:16] {munky} ]out
[11:16] {nemo} market is so strong
[11:16] {munky} .64
[11:16] {nemo} buying every .20 pullback
[11:16] {dino} lxft spike
[11:17] {dino} wide
01[11:19] {Threei}  meh
[11:24] {thomcbell} mu might be too obvious but 25.01 long break might be worth watching
01[11:24] {Threei}  everything is consolidating near the highs
01[11:24] {Threei}  can't bring myself to buy these breaks
01[11:25] {Threei}  munky... remember that 1:3 on first opening trade that you didn't wait for?
01[11:25] {Threei}  think of it this way:
01[11:25] {Threei}  as day progresses, easy trades become fewere and farther between
01[11:26] {Threei}  that's why one does not ignore bigger moves in the morning in hope to catch them later on
01[11:26] {Threei} Short Setup: CTRP  47 break hl
01[11:27] {Threei}  If holds  .10
01[11:29] {Threei}  meh
01[11:41] {Threei} Short Setup: FB  .90 break
01[11:41] {Threei}  If holds  66
[11:44] {RonS} ptct drop
01[11:48] {Threei}  1 cent to 1:1...
01[11:48] {Threei}  stop to .96
[11:49] {nemo} ctrp...something is gonna' come out on that
[11:49] {dino} i always get slips on stops, but would rather get out when i want too, rather than when i need to
[11:50] {nemo} hate that when you're long and the bids evaporate, and the same the other way with the offers
[11:50] {dino} rgr
[11:52] {nemo} see vxx dino, correlation broke down...earlier than I thought today
[11:54] {thomcbell} fb we snuck a 1:1 on it
[11:55] {thomcbell} feye  hit a wall up there
[11:56] {RonS} unreal cab recovery they missed by 38% and guided down...
01[11:57] {Threei} Short Setup: IWM  .90 break
01[11:57] {Threei}  If holds  113
[11:57] {nemo} can't short
01[11:57] {Threei}  ugh
[11:57] {dino} gwph going to pot
[11:59] {RonS} heh
01[12:00] {Threei} Short Setup: JPM  .80 break
01[12:00] {Threei}  If holds  .90
[12:13] {dino} rgr sm l .75 ave
[12:14] {dino} disca smr l .09
[12:16] {thomcbell} pretty nice cup and handle forming on spwr 1 minute
[12:17] {thomcbell} too wide for us vad
[12:17] {thomcbell} im going to do 32.47 long break half lot
01[12:17] {Threei}  I don't feel like calling this kind anymore
01[12:17] {Threei}  can't assume everyone knows how to trade them
[12:18] {thomcbell} spwr 1:1
[12:19] {thomcbell} for a second
[12:20] {munky} dont change your calls because of me....i just have to pick which ones i want better
[12:21] {munky} plus i just got here really
[12:22] {nemo} that's a kind thought, munk, but there are certain stocks Vad doesn't call in the room
[12:22] {nemo} they trade somewhat erratically
[12:24] {munky} thought he was referrencing ctrp trade
[12:24] {nemo} spwr I think, mmmmhhh....another Chinese stock through the roof, weird
[12:24] {nemo} this solar, ctrp obviously travel....ahhhh Chinese New Year
[12:25] {dino} disca messed up, beats and raises -4
[12:30] {thomcbell} spwr 1:2
[12:30] {thomcbell} stop to 32.54 on balance
[12:30] {nemo} need to go under .44
[12:31] {thomcbell} im in volatility mode here
[12:31] {thomcbell} working too hard for winners to go below my cost basis
[12:31] {nemo} well, that's an invitation to get stopped out, but I understand
[12:31] {nemo} you put your stop in no-man's land
[12:32] {nemo} more than likely, it testst it's highs and then pulls back before heading higher...well that's one scenario
[12:36] {dino} out rgr .50, +.75
[12:37] {dino} cnat spike
01[12:38] {Threei}  (IT) Italy PD party has voted in favor of leader Renzi's proposal that a new government should be formed- Follow up 12:14ET: (IT) Italy PM Letta confirms he will tender resignation to President Napolitano on Friday
[12:40] {thomcbell} fb vad might be time to play games again around the round number
01[12:40] {Threei}  goes for another breakput, lol
[12:40] {dino} cnat smr s .65
[12:49] {dino} cnat bstop .92 not cooperating
[12:50] {dino} stop
[12:53] {thomcbell} dino that was a nice job on sndk short earlier
[12:56] {dino} ty
[12:56] {dino} you spotted it, thanked you above
[12:56] {thomcbell} you are wecome -
[12:59] {dino} cnat wow
[13:07] {dino} snowing like crazy, about 9" down already
01[13:07] {Threei}  sheesh
[13:07] {dino} nemo, you getting this storm too?
[13:08] {dino} disca flondering around btween 78.90s and 79.20s, break of .30 should send it up
[13:10] {dino} giddy-up
[13:12] {dino} sometimes i expect too much
01[13:19] {Threei}  FB getting heavy
01[13:19] {Threei}  no new highs
01[13:19] {Threei}  despite SPY going
01[13:19] {Threei} Short Setup: FB  .80 break
01[13:19] {Threei}  If holds  .90
01[13:21] {Threei}  1:1
[13:22] {dino} cyno hod
[13:31] {thomcbell} pva 13 long break if holding 12.09
[13:32] {thomcbell} 12.90
[13:32] {thomcbell} i nibbled already
[13:32] {thomcbell} very promising on daily chart
[13:32] {dino} out disca .34, +.25
01[13:33] {Threei}  not bad for today
01[13:34] {Threei}  but overall, don't even think of impressing us with this kind measly gains
01[13:34] {Threei}  we come to expect better from you
[13:45] {thomcbell} pva 1:1 and then that was it
[13:49] {RonS} scty ripping on a breakout
[13:58] {dino} just shovelled walk and deck, 12" and still snowing
[13:58] {nemo} Mt. Airy NC under 18 inches of snow
[13:58] {_black} where u guys live?
[13:58] {nemo} dino's in PA
[13:59] {nemo} I'm in MA, not bad here at all
01[13:59] {Threei}  better question is, why they live in those hellish places {G}
[13:59] {dino} northeast pa black, 40 miles north scranton
[13:59] {_black} lol
[13:59] {nemo} this will be Hell in the South East
[14:00] {dino} son's complaining, we take care of snow for 4 houses in neighborhood
01[14:00] {Threei}  what an incredibly stubborn climb today
[14:02] {dino} pcrx spike
[14:02] {dino} bios popping today on no news
01[14:03] {Threei}  to be fair, wind storm promised here for the evening/overnight
01[14:03] {Threei}  if I am not here tomorrow, look for a rancher landing on some wicked witch somewhere south
[14:04] {RonS} 54 and sunny here and am sick, 'nuff to po the Pope...
[14:04] {dino} banks not participating
01[14:05] {Threei} Short Setup: FB  67 break
01[14:05] {Threei}  If holds  .10
[14:06] {_black} i missed
[14:06] {_black} nice one
[14:06] {RonS} twtr hit
[14:06] {nemo} should bounce here
[14:06] {nemo} fb
01[14:07] {Threei}  1:1
01[14:08] {Threei}  looked away for a fraction of a second, missed cover at 1:2
01[14:09] {Threei}  lesson of the day: make Away stay fully closed while in trade
01[14:09] {Threei}  clothed
[14:09] {nemo} huh?
01[14:09] {Threei}  never mind nemo, this is not for your gentle eyes
[14:10] {dino} missed that too
[14:10] {dino} cyno to .89
01[14:16] {Threei}  65-70 mph wind overnight with gusts up to 85
[14:16] {thomcbell} spwr a shocking display today
[14:18] {RonS} went through a 70 mi/hr sustained windstorm when in Portland that lasted 24 hrs...amazing to see the doug fir forests uniformly laying sideways
[14:19] {dino} cyno to .99
01[14:19] {Threei}  that can cause serious destruction ron
[14:19] {dino} out cyno .99, +.98
[14:19] {RonS} gj
01[14:20] {Threei}  wtg
[14:20] {dino} tkmr spike
[14:20] {dino} ty
[14:21] {dino} smr s .79
01[14:21] {Threei}  RPT: Dems opposing Keystone own shares of competitors
[14:22] {RonS} nutz...more artic air coming then...
01[14:23] {Threei}  yeah, you better approve that pipeline
01[14:23] {Threei}  or we will freeze your collective butt
[14:25] {thomcbell} spwr now looks vulnerable
01[14:28] {Threei} Short Setup: C  .60 break
01[14:28] {Threei}  If holds  .70
01[14:31] {Threei}  FB balance got away
[14:32] {dino} cov tkmr .39, +.40
[14:33] {thomcbell} urs 42.60 short break if holding 42.70
[14:33] {_black} strong support on .60
01[14:33] {Threei}  yes... the more tempting if breaks
01[14:34] {Threei}  tends to work as a dam
01[14:34] {Threei}  holding strongly but once broken, torrent comes
[14:34] {dino} who was asking about euporic spikes the other day? tkmr was one
[14:34] {_black} myself
[14:35] {_black} have an example?
[14:35] {dino} take a look at tkmr
[14:35] {dino} that is my "edge" setup
[14:35] {_black} nice spike
[14:36] {_black} did u jump into?
[14:36] {dino} hyes see above, shorted .79 cov .39
[14:36] {dino} yes
[14:36] {dino} also shorted sndk spike earlier, and went long the rgr capitulation drop
[14:36] {_black} 40 cnts!!!!
06[14:37] * dino slaps _black around a bit with a large trout
06[14:37] * Threei hands dino a frozen trout, for more effective slappage
[14:37] {dino} where have you been all day?, posted all of these, rgr +.75, sndk +.20
[14:37] {dino} ande +2.07
[14:37] {_black} working in boring office
[14:37] {_black} lol
[14:37] {dino} all similar setups
[14:39] {dino} in any case black, since we cannot tell exact bottoms/or tops on spikes down/up, we adjust size to compensate for rinses
[14:40] {_black} ok
01[14:40] {Threei}  btw black... read yesterday's log?
[14:40] {_black} yes very carefully
[14:41] {_black} i agree with u about setting a daily/weekly/monthly  target
[14:41] {_black} in my case i focus more in the process
[14:41] {_black} because i'm learning
[14:42] {_black} i don't care i've i make 200 or 600$
[14:42] {_black} money should be the result of doing the job
[14:42] {_black} am i right?
01[14:42] {Threei}  that's it
[14:43] {_black} at least now
[14:43] {_black} that's my pain :-)
[14:44] {dino} stick to it
[14:44] {dino} disca back to that 78.90s area again
[14:44] {nemo} btw...that proprietary algo to which I have access...this is the 2nd strongest statistical day in the last year
[14:44] {thomcbell} what does that mean nemo
[14:45] {nemo} the power of this upmove is very strong
[14:45] {thomcbell} ok gotcha thanks
[14:45] {nemo} now, the stats are dropping off, and we're still floating up
[14:46] {thomcbell} urs could be a wicked up move too - might be two sided
[14:46] {thomcbell} im leaving it alone for now
[14:47] {dino} tbell, think urs was huge miss and lowered
[14:47] {dino} not that that means anything
[14:55] {dino} you know the old saying; "nothing good ever happens after 3:00". with that said, calling it an unusually good day. thx for ideas all, gn. time to snow plow neighbors
01[14:56] {Threei}  do you let them out before rasing the houses?
[14:56] {dino} lol
01[14:56] {Threei}  razing
[14:56] {dino} gn
01[14:57] {Threei}  see you ttomorrow :)
[14:57] {_black} c u tomorrow
[14:57] {_black} i'll try to be during opening
01[14:57] {Threei}  :)
[14:59] {thomcbell} possible pattern failure long in urs
[14:59] {thomcbell} but not doing it
01[15:01] {Threei} Short Setup: C  .70 break
01[15:02] {Threei}  If holds  .75
[15:10] {thomcbell} vad urs
01[15:12] {Threei}  you think bounce?
[15:13] {thomcbell} no my original setup was the 42.60 break
01[15:18] {Threei} Long Setup:  FB  .90 break
01[15:18] {Threei}  If holds  .80
01[15:21] {Threei}  NOW market decided to reverse??
01[15:24] {Threei}  no go
01[15:24] {Threei}  not my afternoon
[15:27] {thomcbell} spwr not done slaying people
[15:27] {thomcbell} stong as 10 men
[15:27] {thomcbell} strong
01[15:27] {Threei}  URS bouncing
01[15:30] {Threei} Long Setup:  GLD  .55 break
01[15:30] {Threei}  If holds  .45
01[15:30] {Threei}  las try
[15:35] {thomcbell} nemo check conversation window
[15:36] {nemo} I'm there
[15:37] {nemo} ohhhhhh Thooooommmmmmm
01[15:37] {Threei}  wow
01[15:37] {Threei}  thim, what did you do to him?? :)
01[15:37] {Threei}  thom
01[15:40] {Threei}  great... nemo just send this to me: https://scontent-b-sea.xx.fbcdn.net/hphotos-prn2/t1/1795505_576870869070903_1539377016_n.png
01[15:40] {Threei}  sent
[15:40] {thomcbell} nibbled ubnt near vwap here
[15:40] {RonS} lol
[15:46] {thomcbell} target is 46.25 on ubnt
[15:50] {thomcbell} a bit late in the show here though on ubnt
01[15:53] {Threei}  scrapping GLD
01[15:53] {Threei}  time runs out
01[15:53] {Threei}  have a good evening guys, see you tomorror
[15:57] {thomcbell} out ubnt 45.78

Feb 12 2014

Can do no wrong day. Started with 1:3 GDX short, continued with win after win of various sizes and one scratch, and finishing with 1:3 FB short. Took one 7 cents stop on GLD as a sacrifice to trading gods so they wouldn't get angry with us.

There was a great educational discussion about trading goals and adjustment to the market changes in the room. Please make sure to read the log from 11:51 to 12:33.

Session Time: Wed Feb 12 00:00:00 2014
[08:26] {dino} gm
01[08:47] {@Threei}  morning dino
[08:50] {thomcbell} gm all
01[08:50] {@Threei}  thom :)
[09:09] {dino} -5 f at 6 am, getting 12-15 inches snow starting after midnight tonight. that should put us over 60" so far this year, average 48"
01[09:10] {@Threei}  sheesh
[09:10] {dino} yeah, plenty of winter left. we have been below average temps since 2nd week of november
01[09:11] {@Threei}  OK... I won't complain anymore about whole 4 days of near-freezing temp last week
[09:17] {RonS} gm...46 here today, 56 tomorrow, and the mountains are getting dumped on, perfect CO weather...ski in a.m., golf in p.m.
01[09:17] {@Threei}  ron :)
[09:17] {_darekj} gm all
[09:18] {MikeL} Good morning,
[09:18] {MikeL} Ron, are you in Colorado?
01[09:18] {@Threei}  darek, mike :)
[09:22] {RonS} yes Mike
[09:23] {MikeL} Awesome Ron, me too.
01[09:24] {@Threei}  - (US) Fed Chair Yellen: was surprised that the Dec and Jan payrolls reports came in below expectations, but cannot jump to conclusions based on two reports which may have been influenced by factors such as the extreme weather. At its March meeting the Fed will have a broad range of new data to consider - Q&A; Would take a "notable change" in the outlook to change course on tapering.
01[09:27] {@Threei}  wehere do I apply for position of a fed watcher?
01[09:28] {@Threei}  GDX short on .60 breakout seems to be the opening trade
01[09:30] {@Threei} Short Setup: GDX  .60 break
01[09:30] {@Threei}  If holds  .70
[09:31] {thomcbell} kog trying to break out
01[09:32] {@Threei}  1:1
01[09:33] {@Threei}  1:2
[09:33] {munky} nice one out .43
01[09:33] {@Threei}  smell of the roasted goldbug in the morning...
01[09:34] {@Threei}  1:3
01[09:34] {@Threei}  out
01[09:34] {@Threei}  can I go home?
01[09:34] {@Threei} Long Setup:  FB  .90 break
01[09:35] {@Threei}  Invalidated
[09:35] {thomcbell} kog 11.57 long break if holding 11.50
[09:35] {goinshort} nice on GDX - thanks
01[09:35] {@Threei}  :)
[09:36] {munky} should we look for gdx bouncer
01[09:36] {@Threei} Long Setup:  FB  .85 break hl
01[09:36] {@Threei}  If holds  .75
[09:36] {dino} cyno sm l .50
[09:36] {dino} gappy
01[09:37] {@Threei}  1:1
01[09:37] {@Threei}  not yet GDX
01[09:37] {@Threei}  GLD, GDX and SLW are back to their SPY-fading role today
01[09:38] {@Threei}  until SAPY reverses or until they diverge, no long
[09:38] {goinshort} oc
02[09:40] * Disconnected
Session Close: Wed Feb 12 09:40:08 2014

Session Start: Wed Feb 12 09:40:08 2014
Session Ident: #discussions
02[09:41] * Attempting to rejoin channel #discussions
03[09:41] * Rejoined channel #discussions
01[09:41] {Threei}  what the
01[09:42] {Threei}  is it me or the room server went down?
[09:42] {munky} .
01[09:42] {Threei}  FB just a scalp
[09:42] {RonS} .
[09:44] {dino} cyno stop
[09:44] {thomcbell} len crazy
[09:44] {thomcbell} nasty pullback
[09:45] {dino} re-load .03 cyno
[09:45] {munky} nasty trader fb
[09:45] {RonS} cyno sm l .10
[09:45] {thomcbell} akam retarded how extended
01[09:47] {Threei} Long Setup:  JPM  .55 break
01[09:47] {Threei}  If holds  .45
[09:48] {RonS} aaww sm l .00
01[09:49] {Threei}  is it that cute, ron?
[09:50] {RonS} if a jumbo jet is cute then yes...
01[09:50] {Threei}  lol
[09:53] {munky} jpm always a slow trader?
01[09:53] {Threei}  no
01[09:54] {Threei}  this is not very JPMish
[09:54] {nemo} today is suffering from the speed of the bounce
[09:54] {munky} ok, not familiar with it
01[09:55] {Threei}  1:1
[09:56] {nemo} spy gap close
[09:56] {RonS} out cyno .70 +.60
[10:02] {thomcbell} akam actually has a very nice cup forming on 1 minute
01[10:03] {Threei} Long Setup:  GDX  .35 break
01[10:03] {Threei}  If holds  .30
01[10:04] {Threei}  .25 makes sense as a stop level too... not sure
01[10:04] {Threei}  personal preference
[10:06] {dino} gj ron
[10:06] {RonS} not really had 29.20 for target and chickened out...
[10:07] {nemo} akam setting up short here
01[10:09] {Threei}  now stop is .29 for sure
01[10:10] {Threei} Short Setup: C  .95 break
01[10:10] {Threei}  If holds  .05
01[10:11] {Threei}  1:1  GDX
[10:13] {RonS} took +.13 gdx thanks 3i
01[10:13] {Threei}  :)
[10:15] {dino} gnca spike
01[10:20] {Threei}  1:2  GDX
01[10:23] {Threei}  C is holding much better than I expected
01[10:24] {Threei}  let's tighten it to .01
01[10:26] {Threei}  (US) Fed's Bullard: Could use monetary policy in the future to head off possible asset price bubbles - comments to reporters- employment/population ratio and hours worked are the key metrics to determine health of the US labor market - Notes a recovering economy is a fertile place for bubbles to appear - would prefer ending reference to 6.5% unemployment threshold - Highlights that the "Audit the Fed" legislation constitutes political interfence
01[10:27] {Threei}  sigh
01[10:27] {Threei}  imbecile
[10:29] {RonS} wag big fade...
[10:30] {_darekj} out of GDX ty Vad
01[10:31] {Threei}  yw
01[10:31] {Threei}  IDC: In 2013 Android accounted for 79% of smartphone shipments, iOS accounted for 15%- Windows Phone accounted for 3% of smartphone shipments, BlackBerry accounted for 2%.
[10:32] {RonS} cald scald
[10:32] {thomcbell} akam 60.82 short break if holding 60.93
[10:34] {RonS} cald weird look at that volume bar and yet no blocks...
01[10:34] {Threei}  CALD Ticks lower on cautious financial blog commentary; alleging questionable accounting
[10:39] {RonS} Z want A position
[10:39] {RonS} wants
01[10:39] {Threei}  lol
[10:43] {nemo} fb has a seller
[10:43] {thomcbell} akam 1:1
[10:45] {nemo} vwap akam here
[10:46] {thomcbell} akam 1:2
01[10:46] {Threei}  wtg
[10:47] {dino} cald s 82
01[10:52] {Threei}  highly annoyed with C
01[10:52] {Threei}  scratching it
01[10:52] {Threei}  don't remember it being this tight
01[10:53] {Threei}  anyway, 4 wins and 1 scratch...
01[10:53] {Threei}  munly, can I have my banana and go home?
[10:53] {thomcbell} akam 60.66 stop
[10:55] {thomcbell} lvs looks like a long setup here vad
[10:55] {munky} munly???
[10:55] {thomcbell} a bit wide or too small for stop
[10:55] {munky} sure vaF
[10:56] {thomcbell} flat akam
01[10:56] {Threei}  munly = manly munky
[10:56] {thomcbell} no fear in these guys
01[10:57] {Threei}  spread is a not to my liking, thom...
[10:57] {thomcbell} right
[10:58] {thomcbell} once the big guys have accumulated enough of this kog they are going to gun it big time
[10:58] {thomcbell} not the right price for us here
[11:02] {thomcbell} for what its worth i am going to say kog - 11.56 long break if holding 11.50
01[11:09] {Threei} Long Setup:  CAT  96 break hl
01[11:09] {Threei}  If holds  .90
01[11:13] {Threei}  held by fingertips
[11:14] {munky} yea..still in
01[11:14] {Threei}  1:1
01[11:14] {Threei}  fat offer at .10
[11:14] {dino} ron, ty for idea, cov cald .70, +.12
[11:16] {RonS} np
[11:19] {RonS} data pulp
01[11:20] {Threei}  out on a trail
01[11:20] {Threei}  easy money has been made
[11:21] {thomcbell} how akam might have some worried holders
[11:22] {thomcbell} now
[11:22] {RonS} wow dino where were we on EEFT
[11:22] {dino} missed it
01[11:27] {Threei}  Equities Flat as Indices Reapproach All-Time Highs
[11:32] {munky} bounce time gdx vad?
[11:35] {thomcbell} kog 1:1
01[11:36] {Threei}  in retrospect... yes
01[11:36] {Threei}  not very useful, eh?
[11:37] {munky} no...i want a room refund
01[11:39] {Threei}  for the last 6 months?
[11:39] {RonS} you had to pay?
[11:39] {munky} preferrably yes
01[11:40] {Threei}  that's a whole lot of bananas...
01[11:40] {Threei} Long Setup:  GDX  .20 break
01[11:40] {Threei}  If holds  .15
01[11:40] {Threei}  scalp only most likely
[11:42] {munky} im finding this dime/scalpers mkt very annoyinmg
[11:42] {munky} if u dont take the dime, ghoes against ya
[11:42] {munky} mkts have no power
01[11:42] {Threei}  that's why you partial
[11:42] {munky} my few best trades since room are all shorts
01[11:43] {Threei}  and we had 1:3 and 1:2 today
[11:43] {munky} but if u partial a half lot, its 25 bux
[11:43] {munky} then rest out flat
01[11:44] {Threei}  why 25?
01[11:44] {Threei}  1000 is a standard lot
[11:44] {munky} half lot 500 shares
01[11:44] {Threei}  ah
01[11:45] {Threei}  how many tardes are hl
01[11:45] {Threei}  only the most volatile ones
[11:45] {munky} just observation, shortside has bmore momo
01[11:46] {Threei}  it's just because Jan was mostly bearish
[11:46] {munky} after our first fb call, which went 1"1
01[11:46] {Threei}  different in raging bull
[11:46] {munky} it tanked
01[11:46] {Threei}  and generally, market drops faster than it climbs
[11:46] {munky} 1:7
[11:46] {munky} thats why i prefer short
[11:47] {munky} name should be shortmunky
[11:47] {munky} or munkyshort
[11:47] {munky} downmunky
[11:47] {munky} munkydwn
[11:48] {nemo} I know a headmunky
[11:48] {munky} now gdx call was short 1:4
[11:48] {munky} very nice one
[11:50] {dino} csod smr l .18 hooker
[11:50] {munky} out gdx
[11:51] {munky} room question
[11:51] {munky} whats a reasonable daily target here?
[11:52] {munky} come on guys, what is your daily goal??
[11:52] {dino} depends on stock
[11:52] {dino} ohh, $600
[11:52] {munky} no it does not
[11:52] {munky} ah, yes
[11:53] {munky} everyone else in here has no daily goal???
[11:53] {nemo} what the setups allow
[11:53] {munky} no nemo
[11:54] {nemo} personally you focus on a goal, I start taking marginal stuff to get there
[11:54] {munky} when u log in, u must think i want to achieve something
[11:54] {munky} set-ups allow where u end up
[11:54] {nemo} Honestly, I try to focus on the process and do that right
01[11:55] {Threei}  I am with nemo on this one
[11:55] {nemo} It works for others, always gets me in trouble
[11:55] {nemo} You're having a slow day as far as setups
01[11:55] {Threei}  what do you do if you are behind your goal?
[11:55] {nemo} then you start getting antsy
01[11:55] {Threei}  exactly
01[11:55] {Threei}  start taking setups that are not there?
[11:55] {nemo} I start getting that antsy feeling, I start drinking and shut down the software
01[11:56] {Threei}  do things right, money will follow
[11:56] {goinshort} I agree with you - no set goal here
[11:56] {dino} munky, its more of an average thing, i have yearly goal, monthly goal, weekly, then ave for daily
[11:56] {nemo} Munky, I'm a bit on the weird side because of what I do outside of here...so, process for me is the thing
01[11:56] {Threei}  start pushing for money, your trading becomes secondary
01[11:57] {Threei}  and that's when troubles come
[11:57] {thomcbell} yes yes
01[11:57] {Threei}  my favorite example:
[11:57] {nemo} Munkman, if it works for you, that's all that counts
[11:57] {dino} right nemo
01[11:57] {Threei}  you are on an operation table,
[11:57] {dino} thoudands of ways to do it, find your edge
[11:58] {munky} even in vads book he talks about a daily goal i think
[11:58] {thomcbell} akam still looking for short entries here
01[11:58] {Threei}  your surgeon thinks of how to perform the surgery best,
[11:58] {thomcbell} rally back up near 60.75
[11:58] {nemo} which book?
01[11:58] {Threei}  another thinks of how much he is going to be paid for the procedure.
01[11:58] {Threei}  Pick the one you want to perform on you
[11:58] {nemo} then what a dickhead his patient is
01[11:59] {Threei}  you can think of your goals when you are firmly set in your trading procedure
01[11:59] {Threei}  what setups you take, how you play them,
01[11:59] {Threei}  when your discipline becomes firmly ingrained,
01[12:00] {Threei}  becomes your second nature.
01[12:00] {Threei}  Then you can figure out your average and think of the ways to increase it,
01[12:00] {Threei}  add position size,
01[12:00] {Threei}  or tweak your procedure
01[12:00] {Threei}  with full realization that increase of profits means increase of risk.
[12:01] {nemo} Hey munkman, you ever do archery or target shooting?
[12:01] {munky} both
01[12:01] {Threei}  But start thinking of your goals and pushing for them before you master the process... you are a road kill
[12:01] {nemo} o.k., so when you start, you want to hit that bullseye, don't you?
[12:02] {nemo} want it in the 10 ring
[12:02] {nemo} your focus is on that target
[12:02] {nemo} so, you start trying to hit it
[12:03] {nemo} there's no consistency to your form perhaps
[12:03] {nemo} but, boy I want to hit that target
[12:03] {nemo} then maybe somebody starts teaching you structure
[12:03] {dino} cyno strange, big beat, revs +75% and it just sits there
[12:03] {nemo} you find out the stability of your stance is important (archery for instance) and how to build that
[12:04] {nemo} then how you draw
01[12:04] {Threei}  OK... it hurts me to admit it second time in one day... but nemo's right
[12:04] {nemo} then, if you're not using a compound bow, how to release, and consistent release using an English hold is much more complicated then one thinks
[12:05] {nemo} then of course there's the positioning of the bow at the time of release
[12:05] {nemo} sometimes you hit the bullseye, sometimes you don't
[12:06] {nemo} then one day you realize, that doing exactly the same process repeatedly makes it so you can hit the target consistently
[12:06] {nemo} What's really funny, when you get into the esoteric aspects of the art, is eventually, you actually feel the target
[12:07] {nemo} If you were to study Kyudo under a master, your first two years would be spent shooting at a blank wall
[12:07] {nemo} Why might that be?
01[12:07] {Threei}  master really hates that wall?
[12:07] {nemo} no
[12:08] {nemo} Any guesses?
[12:08] {dino} lol
[12:09] {nemo} They don't want you to be tempted by the target
[12:09] {nemo} It's all about developing the process and your relationship to the bow
[12:09] {dino} two years is longer than most of my relationships
[12:09] {nemo} does your wife know that?
[12:10] {dino} prior to her of course
[12:10] {RonS} lol
01[12:10] {Threei}  "of course?"
[12:11] {munky} well, thanx for xplaining, it makes sense
[12:12] {dino} anfi spike
[12:12] {nemo} it's kinda' esoteric, but the focus on the goal takes you out of the process
01[12:12] {Threei}  makes total sense to me
[12:12] {nemo} yeah, well, you consider me normal
01[12:13] {Threei}  which is very telling
[12:13] {nemo} damning more like it
01[12:15] {Threei}  munky... look what just happened
[12:16] {nemo} oh oh
01[12:16] {Threei}  JPM jumped 25 cents,
01[12:16] {Threei}  in much shorter time than it took it to slide
01[12:16] {Threei}  point is, things change
01[12:16] {Threei}  no pattern you notice is forever
[12:16] {nemo} just like women
01[12:17] {Threei}  thank god
[12:17] {nemo} yeah
[12:17] {munky} gotcha
[12:17] {munky} makes sense
01[12:17] {Threei}  this btw explains one phenomenon,
01[12:18] {Threei}  which anyone who traded with us long enough no doubt noticed:
01[12:18] {Threei}  we trade very consistently for a certain period of time,
01[12:18] {Threei}  hitting winning streaks lastign weeks or months, with many 100% days,
01[12:19] {Threei}  then something happens and we are having 2-3 days, or even a week of struggle
01[12:19] {Threei}  and then winning streak starts again.
01[12:19] {Threei}  What happens is:
[12:19] {nemo} vxx at pivot
01[12:19] {Threei}  we get certain marklet patterns right and start exploiting them,
01[12:19] {Threei}  and it lasts until something changes in the market,
01[12:20] {Threei}  but you rarely, if ever, can foresee the timing of the change and its exact nature,
01[12:20] {Threei}  so you simply do what you do until it stops working,
[12:20] {dino} agree
[12:20] {nemo} yeah, although Vad, you tend to consistently have an issue around standard junctures in the market
01[12:20] {Threei}  then you observe how exactly it works against you
01[12:21] {Threei}  and adjust your procedure
01[12:21] {Threei}  and winning streak starts again.
01[12:21] {Threei}  nemo... isn't it what I just said?
01[12:21] {Threei}  or you want to say that it can be foreseen, and adjustment can be taken in advance?
01[12:22] {Threei}  maybe some geniuses can.
01[12:22] {Threei}  my experience is, no
01[12:22] {Threei}  you let the market lead you
01[12:22] {Threei}  insteasd of trying to outsmart it
[12:23] {nemo} Well, Vad...I've been watching you for a while...you are pretty consistent at the standard junctures, around Memorial Day, Labor Day, etc.  Standard market season junctures, then a coupla' more thrown in for good measure
01[12:23] {Threei}  so, can you foresee the exact nature of change?
[12:23] {nemo} Put it this way...I have a pretty good idea when we should keep the bananas away from you
01[12:24] {Threei}  how exactly should we change our procedure?
[12:24] {nemo} No, I wouldn't change it...I'm just saying you are consistent
01[12:24] {Threei}  ok... let's try and implement this then
01[12:24] {Threei}  necxt time you feel it's coming, alert us
[12:24] {thomcbell} selling another 1/4 here kog 11.70
[12:24] {nemo} o.k
[12:25] {nemo} just remember...no bananas
01[12:25] {Threei}  I will continue doing what I do, but those who want to follow your idea may cut position size in half,
01[12:25] {Threei}  or paper trade for a day or two
01[12:25] {Threei}  and we will test whether it helps with transition
01[12:25] {Threei}  If so, we will incorporate it in our approach
01[12:25] {Threei}  deal?
[12:26] {nemo} not really, actually I think it would be harmful...my point is your consistency
01[12:26] {Threei}  yes but my point is,
[12:26] {nemo} I don't think we can make it better
01[12:26] {Threei}  if you can consistently predict when I am going to his a snag,
01[12:26] {Threei}  why not cut down our activity at that point?
01[12:26] {Threei}  his = hit
[12:27] {nemo} I would be concerned about trying to make the sword too sharp
[12:27] {munky} which shows here the pressure vad is under
[12:27] {munky} he puts it out there
[12:27] {nemo} He's very consistent
[12:28] {munky} only compliment im giving u this week
[12:28] {nemo} I'm just telling what I've seen...I don't mess with his system
01[12:28] {Threei}  habing logs published for so many years, I doesn't feel like pressure anymore... it used to
01[12:29] {Threei}  kind of git used to it I guess :)
[12:29] {nemo} Now, I'll mention if I think I'm seeing that period, just as I would say to myself or have to Dino or others it might be time to ease up for a bit...but that's it
01[12:30] {Threei}  right
01[12:30] {Threei}  anyway, we wull test it
[12:30] {nemo} I watched Vad have no losing days through a two month stretch in the Fall of 2008 when the market was falling apart
01[12:30] {Threei}  no immediate change until and unless it proves itself two-three times
01[12:30] {Threei}  oh, Iove panicking markets...
01[12:31] {Threei}  munky would, too
[12:31] {nemo} Then I think you had one down day, and then another streak into the beginning of 2009
[12:31] {dino} fwiw nemo, you call turns pretty well in advance
01[12:31] {Threei}  moves are large and fast
[12:31] {nemo} Funny as hell
[12:31] {nemo} One Day Vad is otherworldly in his calls
[12:31] {nemo} Calls a trade
[12:31] {dino} everybody has an edge
[12:31] {nemo} I dcc him, "WTF setup was that?"
[12:32] {nemo} he says, "I don't know, it just felt up."
[12:32] {nemo} which frankly brings us back to that conversation about process
[12:32] {nemo} That last call was pure art...that's where focus on the process brings you
[12:33] {nemo} That's the real goal
[12:33] {nemo} The ART of Trading
06[12:34] * nemo "now...where's my paint-by-numbers trading kit"
[12:39] {dino} out csod .78, +.60
01[12:39] {Threei} Long Setup:  MCD  .95 break
[12:39] {RonS} gj
01[12:39] {Threei}  If holds  .95
[12:39] {dino} ty
[12:40] {munky} u  need to puiblish a book nemo
[12:40] {munky} are u capt nemo or finding nemo?lol
[12:41] {nemo} Well, I ghost write books now
[12:41] {munky} anyway, i do like fast mkts, its my thing
[12:41] {nemo} neither...have you read the Illead
[12:41] {nemo} I understand the instant gratification of the elevator down short
[12:41] {munky} saw the movie w/brad pitt
01[12:42] {Threei}  munky, he is just trying to stay away from Grumpy Cat: http://goo.gl/KfGrQ2
[12:42] {nemo} what movie?  A river runs through it
[12:42] {dino} md spike
[12:42] {munky} troy
[12:42] {nemo} oh, Oddyseus was there, but it comes from when he was trapped in the Cave with the Cyclops
[12:43] {munky} i know the story, yes
[12:43] {dino} sm s .50
[12:43] {dino} md
[12:43] {nemo} What did Oddyseus say when the Cyclops asked the name of the one who blinded me?
[12:43] {munky} oh crap, i'm f'ed now?
01[12:44] {Threei}  "nemo"
[12:44] {dino} munk, thats the key, find what works for you (edge) and exploit it
[12:44] {nemo} and that means what in Greek?
[12:44] {dino} md stop .80 -.30
01[12:44] {Threei}  no one
01[12:44] {Threei}  nobody
[12:44] {nemo} privyet
01[12:45] {Threei}  Legends and Myth of Ancient Greece was a required reading in USSR :)
[12:46] {munky} really?
[12:46] {nemo} I loved all types of mythology as a kid
01[12:46] {Threei}  for anyone who considred himself well read, yeah
[12:46] {nemo} what "really"?
01[12:46] {Threei}  I knew that book by heart by the age of 8
[12:46] {thomcbell} kog using 11.68 stop on a 1/4
[12:46] {nemo} you read it in the original Klingon of course
[12:46] {dino} md rinsed
[12:47] {munky} olympics last nite said all russians worsdhip ballet and dream of being in a performance
[12:47] {munky} i can picture vad in tights
[12:48] {nemo} shit, wasn't paying attention missed the vxx break
[12:48] {nemo} well, I dream of being with a ballerina
[12:48] {thomcbell} i was thinking of you Vad when they said that
01[12:48] {Threei}  not all that it's cracked up top be, nemo
[12:48] {nemo} mmmhhh...men thinking of you while watching ballet...pretty scary
01[12:48] {Threei}  lol
[12:49] {nemo} I understand Vad, the flexibility is intriguing
01[12:49] {Threei}  ummm
01[12:49] {Threei}  I'd say, disadvantages outweigh
[12:49] {RonS} was thinking of 3i here when looked at paer today the had big piture of bacon wrapped asparagas
01[12:49] {Threei}  that was true for girls... they didn't say that?
[12:49] {RonS} paper
01[12:50] {Threei}  that's more like it, Ron... only I'd throw asparagus away
[12:50] {nemo} I like asparagus
01[12:50] {Threei}  me too, on someone's plate
01[12:50] {Threei}  on mine, bacon is good enough
01[12:51] {Threei}  these days, figure skaters are more of idols than ballet dancers in Russia
[12:52] {munky} not according to matt lauer
[12:52] {nemo} btw...on the subject of mythology, kinda'...there is a History Channel Show called "Ancient Aliens"  They do a pretty good job of looking  at the various societal mythologies in history through the lens of the Ancient Alien theory...also raise some interesting questions around historical events and structures...worth watching for the mental gymnastics
01[12:52] {Threei}  mostly thanks ti a very popular TV program that goes for a few years where former figure skating cnampions perform with non-pros
[12:52] {dino} i've watched some of those nemo
01[12:52] {Threei}  teaching them from scratch
[12:53] {RonS} 3i needs this:  http://www.zazzle.com/bacon_logical_deduction_shirt-235270124957771008
01[12:53] {Threei}  lol
01[12:54] {Threei}  this is the book, still in print: http://www.amazon.co.uk/Legendi-Drevnei-Grecii-Legends-Ancient-russian-ebook/dp/B00FEAMR2K
01[12:55] {Threei}  1:1  MCD  close enough
01[12:55] {Threei}  partial or take scalp
[12:55] {thomcbell} wow feye moment of truth here
01[12:55] {Threei}  time of the day is difficult to read
[12:56] {RonS} lnkd becoming unhinged
[12:57] {thomcbell} that one never lied yesterday
[12:57] {thomcbell} good opporuntity to short it at the open today
[13:00] {dino} back in 20 or so
[13:06] {RonS} pcyc news?
[13:07] {RonS} FDA Approves Imbruvica to Treat Chronic Lymphocytic Leukemia
01[13:07] {Threei}  Pharmacyclics Inc FDA approves Imbruvica to treat chronic lymphocytic leukemia
01[13:08] {Threei}  not a new drug
01[13:08] {Threei}  just widened use
[13:09] {nemo} spy not liking vwap
[13:18] {thomcbell} fb setting up here
[13:19] {nemo} could have cup and handles on finnies spy and iwm
01[13:19] {Threei}  65 break?
[13:19] {thomcbell} y
[13:20] {thomcbell} doesn't have other internet stock stupport
[13:27] {thomcbell} LAMR 51.06 LONG BREAK IF HOLDING 50.96
[13:30] {thomcbell} only doing half lot on lamr
[13:30] {thomcbell} too thin
[13:34] {thomcbell} out lamr
[13:34] {thomcbell} waste of time
[13:34] {nemo} bad time of day for a thin stock
[13:34] {RonS} ya, traded it once and has same experience...
[13:35] {RonS} had
[13:37] {thomcbell} akam there was a trade there
[13:37] {thomcbell} couldnt get back over vwap
[13:37] {thomcbell} now seems like profit taking by a larger platyer in the name
[13:47] {nemo} wish I had seen that, classic vwap play
[13:47] {nemo} look at the daily, had to come soon
[13:47] {thomcbell} yy
[13:47] {thomcbell} thats what i was trying to alert you spikers to this am
[13:48] {nemo} it's top coincided with spy and IWM and finnies probably Qs too
[13:48] {nemo} mmmhhh Qs heading for their highs again
01[13:52] {Threei} Short Setup: MCD  .97 break
01[13:52] {Threei}  If holds  .05
[13:53] {thomcbell} out last quarter of kog 11.73
01[13:54] {Threei}  wtg
[13:54] {thomcbell} tu
[13:55] {thomcbell} this is one for us to watch on downdays - buying is very steady in it today
[13:55] {thomcbell} kog
[13:57] {RonS} altr spike
01[14:00] {Threei}  US) JAN MONTHLY BUDGET STATEMENT: -$10.4B V -$10.0BE- Receipts: $295.9B v $272.2B y/y- Outlays: $306.42B v $269.3B y/y
01[14:00] {Threei}  lol
01[14:02] {Threei}  they manage to get in receipts 20B more, and immediately increase spending by 30
01[14:03] {Threei}  black... missed almost 100% morning
01[14:03] {Threei}  just one breakeven trade, the rest are winners
[14:03] {_black} sounds good!
[14:03] {thomcbell} oh nemo - akam was a good one -
[14:04] {_black} i usually can't come, i'm just a part time trader ;-)
01[14:04] {Threei}  I see... morning is the most productive time
[14:04] {_black} I bet so
[14:05] {_black} post-lunch is...
01[14:05] {Threei}  Samsung Electronics Reportedly wins smartphone supply deal with US Army, said to be nearing deal with NSA as well - press- Note that Blackberry formerly dominated the government smartphone space.
01[14:05] {Threei}  another punch to BBRY
01[14:07] {Threei}  heh
01[14:07] {Threei}  Ex-New Orleans Mayor Ray Nagin found guilty of corruption, taking bribes while in office
01[14:07] {Threei}  all that self-righteousness after Katrina...
01[14:10] {Threei} Short Setup: FB  .70 break
01[14:10] {Threei}  If holds  .80
[14:11] {thomcbell} builers catching a bit of a bid
01[14:12] {Threei}  1:1
01[14:13] {Threei}  1:2
01[14:13] {Threei}  munky... no complaints about how fast this one worked? :)
[14:13] {_black} nice FB!
01[14:13] {Threei}  :)
06[14:13] * Threei slaps munky around a bit with a large frozen pineapple
[14:14] {munky} in / out
[14:14] {munky} 1/3 left
01[14:14] {Threei}  also, black... we had a big and interesting educational discussion today
01[14:14] {Threei}  make sure to read the log
[14:15] {_black} about?
[14:15] {_black} i'll read tonite
[14:15] {munky} bananas
01[14:15] {Threei}  goals in trading...
01[14:15] {Threei}  how you set them
[14:15] {_black} sounds interesting
01[14:15] {Threei}  and pursue them
01[14:15] {Threei}  I'll post times for the discussion in blue blurb
[14:15] {_black} very appropiate for me
[14:15] {munky} and massage them
01[14:15] {Threei}  so it's easy to find
01[14:15] {Threei}  and trout them
01[14:16] {Threei}  with pineapple
01[14:16] {Threei}  previously frozen
[14:16] {munky} and frozen bananas
[14:16] {munky} partial to thoise
[14:17] {RonS} ebay .90 break? after consolidation here and holds .80?
[14:17] {thomcbell} good one Vad on fb
[14:17] {_black} you like bananas munky?
01[14:17] {Threei}  EBAY, chart's right... time of the day, I am not so sure
[14:17] {munky} oh yea
[14:18] {_black} lol
01[14:18] {Threei}  bananas for him is double ise...
01[14:18] {Threei}  he gets nutrition from banana itself, and throws peels at me
[14:18] {_black} lol
01[14:18] {Threei}  food AND moral satsifaction, 2 in 1
01[14:20] {Threei}  1:3
[14:21] {_darekj} thanks Vad
01[14:22] {Threei}  yw
01[14:22] {Threei}  my a$$ is out
[14:23] {munky} out
[14:23] {munky} nice
[14:31] {thomcbell} omg its a bear market
[14:31] {thomcbell} hehe
01[14:34] {Threei}  http://www.ritholtz.com/blog/2014/02/facebook-fraud-click-farms-fake-likes/
[14:40] {thomcbell} feye getting some footing
[14:45] {dino} cyno open gap fill
[14:50] {nemo} it's dropped a bit already, but UNH interesting here
01[14:50] {Threei}  FB is dumped again
01[14:51] {Threei}  (US) Fed's Bullard (dove, FOMC non-voter in 2014): Changing pace of the taper would have large repurcussions, Fed is cautious about changing the speed
[14:52] {thomcbell} i think they want the spx 500 to stay between 1800 and 1850 for a couple of years
[14:55] {dino} cyno l .47
[15:02] {dino} snmx spike
[15:08] {dino} smnx s .30
01[15:11] {Threei} Short Setup: GLD  .50 break
01[15:11] {Threei}  If holds  .55
[15:14] {dino} snmx stop .41 -.11
[15:17] {thomcbell} FEYE 69.70 LONG BREAK 1/4 lot
[15:22] {munky} vad, read on twtr? thinkin sh
[15:22] {nemo} if it stays under .65ish
01[15:22] {Threei}  .40 break... probably
[15:23] {munky} not very inspiring lol
01[15:23] {Threei}  meh GLD
[15:25] {nemo} http://goo.gl/aOYnJu
[15:29] {dino} wow snmx
[15:31] {nemo} cute games in spy...this most recent bottom is basically the Weekly R1, you take it long they wick it down a couple of times to see if they can shake you, probably going to vwap
[15:34] {dino} rcpt spike
01[15:40] {Threei}  sheesh GLD
01[15:40] {Threei}  (US) Senate Banking Committee Hearing with Fed Chair Yellen scheduled for Thursday, Feb 13th has been postponed due to winter storm
01[15:40] {Threei}  somg
[15:41] {nemo} twtr finally let go
[15:41] {RonS} she can mail it in: Dear Committee...ditto...
[15:41] {nemo} of course, it went back and tested the .60 area
[15:43] {thomcbell} put of feye experiment flat
[15:43] {thomcbell} out of
[15:44] {nemo} what a jerk-around-job on spy to get back to vwap
01[15:53] {Threei}  OK guys, thank you all
01[15:53] {Threei}  have a great evening
01[15:53] {Threei}  see you tomorrow
[15:53] {munky} nite
[15:53] {_darekj} see you