Feb 25 2014

Quite decent day again with many trades working nicely. One of the trades invoked serious scalpers regret though - we took 1:2 on it, and it continued to 1:Icantcountthatfar. Look at intraday chart P, you'll see what I mean. 

Session Time: Tue Feb 25 00:00:00 2014

[08:46] {dino} gm

[08:46] {fish_49} gm 

01[08:47] {@Threei}  dino, fish :)

[08:47] {fish_49} Vad

[09:00] {goinshort} gm all

01[09:00] {@Threei}  gs :)

[09:00] {fish_49} gm GS

[09:13] {munky} morning

[09:14] {thomcbell} gm

01[09:14] {@Threei}  munky, thom :)

[09:20] {nemo} any Bill Murray fans?  great interview:  http://goo.gl/ePz8gE

[09:20] {darekj} gm all

01[09:20] {@Threei}  darek :)

[09:22] {RonS} gm  wow itmn

01[09:22] {@Threei}  ron :)

[09:23] {munky} whats up w/itmn?

01[09:23] {@Threei}  InterMune, Inc. Reports Phase 3 ASCEND Trial Results of Pirfenidone in Idiopathic Pulmonary Fibrosis (IPF)- ITMN announced that top-line data from ASCEND, a Phase 3 trial evaluating pirfenidone in patients with idiopathic pulmonary fibrosis (IPF), demonstrated that pirfenidone significantly reduced IPF disease progression as measured by change in percent predicted forced vital capacity (FVC) from Baseline to Week 52 (rank ANCOVA p{0.000001).

[09:24] {RonS} lung drug shows results...

[09:24] {munky} wow ty

[09:24] {nemo} biotechs

01[09:27] {@Threei}  many trading accounts will be closed by the end of today in attempts to trader ITMN

[09:27] {dino} zu crazy

01[09:27] {@Threei}  that's widowmaker

01[09:27] {@Threei}  ZU too

01[09:28] {@Threei}  although more manageable

[09:28] {dino} its only a 32% vs 16% result, not like irs even 50%

[09:28] {mojo1} gd morning

01[09:28] {@Threei}  mojo :)

01[09:32] {@Threei} Short Setup: C  49 break

01[09:32] {@Threei}  If holds  .10 

[09:34] {thomcbell} mu 0.75 short break

01[09:34] {@Threei}  trail stop to .06

[09:35] {thomcbell} 1:1

01[09:35] {@Threei}  1:1  

[09:35] {natan} good one!

[09:35] {fish_49} early morning mistake

01[09:36] {@Threei} Long Setup:  EBAY  .80 break hl

[09:36] {fish_49} can I have my shares back

01[09:36] {@Threei}  If holds  .70 

[09:36] {munky} ebay

[09:36] {thomcbell} mu 1:2 

[09:36] {thomcbell} took the trade 

[09:37] {natan} slip from my hands :-(

[09:37] {dino} itmn vsm s .33

01[09:37] {@Threei}  1:2  C 

01[09:37] {@Threei}  1:1  EBAY 

[09:38] {fish_49} forgot to change qty and sold my entire position at 1:1  waaaa  can I have a do over?  lol

01[09:38] {@Threei}  1:1  C,  over and out

[09:38] {fish_49} on C

[09:38] {thomcbell} mu 1:4 rats

01[09:38] {@Threei}  1:3  C,  over and out

01[09:38] {@Threei}  good one thom

[09:38] {dino} bstop to b/e

[09:38] {munky} nice vad

[09:38] {darekj} ty, Vad

01[09:38] {@Threei}  :)

[09:39] {munky} fb

[09:40] {munky} dives

01[09:40] {@Threei}  EBAY balance closed on a trail

[09:41] {dino} to 33.21

[09:43] {dino} cov itmn 33.21, +1.12

[09:43] {fish_49} nice

01[09:43] {@Threei} Long Setup:  JPM  .50 break

[09:43] {dino} ty

01[09:43] {@Threei}  If holds  .40 

01[09:43] {@Threei}  wtg dino

01[09:47] {@Threei}  no go

01[09:50] {@Threei} Long Setup:  IWM  .50 break

01[09:50] {@Threei}  If holds  .44 

01[09:53] {@Threei}  a lot of hesitation in the market

[09:53] {thomcbell} not in vxx

01[09:54] {@Threei}  meh

[09:55] {munky} not as easy as yesterday

[09:55] {nemo} spy gap coming

[09:55] {nemo} finnies at 50 day

[09:58] {munky} vad, fb bounce candidate

01[09:59] {@Threei} Long Setup:  WMT  .25 break

01[10:00] {@Threei}  If holds  .17 

[10:00] {dino} anfi l ave .90

[10:04] {nemo} wow...algo completely red

[10:04] {dino} out rax mar calls, +35/21%

[10:04] {dino} .35

01[10:05] {@Threei} Long Setup:  FB  .90 break hl

01[10:05] {@Threei}  If holds  .80 

01[10:06] {@Threei}  Invalidated  

[10:07] {dino} caci spike

01[10:07] {@Threei}  1:1  WMT 

[10:18] {dino} sina sm l .22

[10:26] {dino} stop anfi ave .65--.15

[10:33] {dino} sina stop

[10:37] {fish_49} more friggin snow

[10:37] {fish_49} just what I need

01[10:37] {@Threei} Short Setup: EBAY  .65 break

01[10:37] {@Threei}  If holds  .75 

01[10:40] {@Threei}  Invalidated  

[10:43] {dino} sina sm l .00

[10:47] {dino} anfi l .04

01[10:50] {@Threei} Short Setup: CAT  .90 break

01[10:50] {@Threei}  If holds  96 

[10:50] {dino} ecom spike

[10:51] {thomcbell} vlo 51.40 long break if holding 51.30

[10:51] {dino} ecom sm s .10

01[10:51] {@Threei}  Invalidated  

[10:53] {thomcbell} vlo 1:1 

01[11:00] {@Threei} Long Setup:  IWM  .80 break

01[11:00] {@Threei}  If holds  .70 

[11:01] {thomcbell} vlo stopped on balance

01[11:04] {@Threei}  Invalidated  

01[11:05] {@Threei}  4 setup in a row

01[11:05] {@Threei}  setups

[11:05] {fish_49} thoughts on JPM?

01[11:05] {@Threei}  .65 break was a long setup, just invalidated, lol

01[11:06] {@Threei}  and... thoughts?

01[11:06] {@Threei}  me?

01[11:06] {@Threei}  I think twice before thinking

[11:06] {natan} lol

01[11:09] {@Threei}  a few minuutes withing the range may reestablish both, JPM and IWM

01[11:09] {@Threei}  need SPY help too

[11:09] {dino} thoughts, odd day

[11:10] {RonS} ya, 35th...

[11:10] {RonS} 25th

01[11:11] {@Threei}  ummm

01[11:11] {@Threei}  IWM 1:1, I didn't take this one personally

01[11:11] {@Threei}  1:2... if anyone did, feel free to be out here

[11:13] {dino} tree spike

[11:15] {RonS} gtls 82.10 ave hooker, gappy

01[11:16] {@Threei}  1:3... The One That Got Away

[11:23] {dino} cov ecom flat

01[11:23] {@Threei} Short Setup: FB  .10 break hl

01[11:23] {@Threei}  If holds  .20 

[11:24] {fish_49} missed it

01[11:25] {@Threei}  stop .16

01[11:25] {@Threei}  1:1  

01[11:25] {@Threei}  it danced long enough at .09 - .08, fish... left to pour coffee or what?

[11:26] {fish_49} no  typ[ing negative email to the company managing my IRA

[11:26] {fish_49} I honestly think I can monage the money better than they are doing

[11:29] {dino} they might spell better though

[11:29] {dino} :)

[11:29] {thomcbell} mpel 43.63 long break 

[11:29] {fish_49} Dino is the cousin of Nemo?

[11:29] {RonS} nicer twin...

01[11:30] {@Threei}  remember the serpent that ruined it for the humanity?

01[11:30] {@Threei}  nemo is his evil twin

[11:31] {RonS} lol

01[11:31] {@Threei}  don't thank me nemo, even though I just improved your mood for the rest of the week...

[11:32] {fish_49} anything would be an improvemnet

[11:32] {thomcbell} mpel no go 

[11:32] {fish_49} I spelled that way just for you dino

[11:36] {RonS} way to go fish...

[11:36] {RonS} ...hurt his feelings...

01[11:36] {@Threei}  lol

[11:37] {fish_49} He is not ese  he has no feelings

[11:37] {RonS} lol

01[11:46] {@Threei} Short Setup: JPM  .60 break

01[11:46] {@Threei}  If holds  .65 

01[11:48] {@Threei}  btw, speaking of dinos... how do we know fish is not an ichthyosaur?

[11:48] {fish_49} I'm old but not that old

01[11:49] {@Threei}  but deadly... http://www.ucmp.berkeley.edu/people/motani/image/steno.jpg

01[11:52] {@Threei}  half out

01[11:52] {@Threei}  lunch time, expectations are diminished

01[11:53] {@Threei}  if you feel like taking scalp, can't blame you

01[11:54] {@Threei}  well, I can... but I won't

[11:54] {fish_49} out here at .51

[11:54] {fish_49} ty

01[11:55] {@Threei}  :)

01[11:55] {@Threei}  1:1  

[11:55] {goinshort} out at .52

[11:57] {fish_49} that was good lunch money Vad

[11:57] {fish_49} filled at .59 and .51

[11:57] {goinshort} thanks V !

01[11:57] {@Threei}  :)

01[11:57] {@Threei}  out in full here too

01[12:07] {@Threei} Short Setup: FB  .70 break hl

01[12:07] {@Threei}  If holds  .80 

01[12:09] {@Threei}  Obama tells Afghan President Karzai the US is making plans for no troops after 2014, but could change if strategic deal signed

01[12:09] {@Threei}  eeck

[12:17] {fish_49} did the Karzi reply with "The americans are making plans for no Obama after 2014"?

[12:17] {fish_49} but could change if he was to approve the pipeline and start acting like a rebublican?

01[12:18] {@Threei}  lol

01[12:19] {@Threei}  ok FB... roll over and die

01[12:20] {@Threei}  and don't be a scalp... you have to pay for all this nervous jerking

01[12:23] {@Threei}  stop to .76

01[12:23] {@Threei}  looks really breakdownish

01[12:24] {@Threei}  and crashish

01[12:24] {@Threei}  little SPY help please

[12:24] {fish_49} 007?

01[12:24] {@Threei}  lol

01[12:25] {@Threei}  1:1  

01[12:25] {@Threei}  crrrrrrash!

[12:25] {fish_49} out here  ty

01[12:25] {@Threei}  yw

01[12:26] {@Threei}  half here for re-crash

01[12:26] {@Threei}  it's just has to

[12:26] {fish_49} my fiulls were too good to be true...  .69 and .59

[12:26] {fish_49} fills that is  (For Dino)

01[12:27] {@Threei}  normal fills... you'd have those always if wouldn't experiment with all those auto gimmivks

01[12:27] {@Threei}  1:2  

01[12:27] {@Threei}  gimmicks that is

[12:27] {thomcbell} nemo akam a good candidate for shorting rallies to vwap in my opinoin

[12:28] {fish_49} gimmicks?  hot keys  are just loading a limit order and sending the order all by the push of a button  lol  However,  I'm now laying it out and sending and just waiting to get filled

[12:29] {dino} lol

01[12:29] {@Threei}  gimmick part is its self-determining of the price

[12:29] {fish_49} Circus  a better term?  lol

01[12:29] {@Threei}  can you put a limit in and use hot key just to send it? I am all for it

01[12:30] {@Threei}  but when it's a "+.02 from current price," and current price changes in fractions of second...

01[12:30] {@Threei}  you saw what kind of fills it gave you

[12:30] {fish_49} the hot key can be used  to load your limit at the current bid  then pause for you to change price  and then you hit enter to send

[12:30] {nemo} sorry busy with issues guys

01[12:31] {@Threei}  that's fine nemo, we can insult you without fear of retribution meanwhile

[12:31] {fish_49} or you can just use it to load the limit order at the current bid and accept fill + or _ 01 or 0.02 cents above or below the ask

[12:32] {fish_49} yes  totally agree  laying it out  ahead of time  is better when there is time

[12:32] {fish_49} hot key to get out fast if needed

[12:34] {thomcbell} scty 79.50 long break 

[12:34] {fish_49} thom  what do you have  vor vwap on AKAM

[12:34] {thomcbell} if holding 79.4

[12:34] {thomcbell} 1:2

[12:34] {thomcbell} 1:4

01[12:35] {@Threei}  nice

[12:36] {thomcbell} the tony stark complex is alive and well 

[12:38] {dino} rvbd s .77

[12:41] {thomcbell} wow 

[12:41] {thomcbell} scty 

[12:53] {thomcbell} scty 1:13

[12:53] {thomcbell} hehe

01[12:53] {@Threei}  lol

[12:56] {thomcbell} thing is breaking out of a cup and handle pattern (not textbook but thats what it is

[13:01] {dino} gj

[13:01] {thomcbell} do i get extra credit vad

01[13:01] {@Threei}  two

[13:04] {dino} crzo

01[13:05] {@Threei}  Ukraine situation is fairly described by the old joke:

01[13:06] {@Threei}  - Are you looking for a new cashier?

01[13:06] {@Threei}  - Yes... and old too

01[13:06] {@Threei}  they still can't locate the president

01[13:12] {@Threei}  just found out CNN cancels Pierce Morgan

[13:13] {nemo} a little late to the party there Vad

01[13:13] {@Threei}  had their fill of insufferable smugness, did thay

[13:13] {RonS} eqkxactly

[13:16] {mojo1} u ever see the ted nugent interview w/him?

[13:17] {mojo1} ted crushed him

[13:17] {dino} rvbd stop .92 -.15

01[13:17] {@Threei}  no... missed it

[13:17] {nemo} you always got the feeling Piers needed to have his diapers changed

01[13:17] {@Threei}  but knowing ted, I have little doubt

[13:17] {mojo1} was about gun control

01[13:17] {@Threei}  ah yes... Pierce's crusade

[13:18] {mojo1} ted pointed out us constitution was deigned against his country

[13:18] {mojo1} designed

[13:18] {mojo1} his country britian

01[13:19] {@Threei} Long Setup:  P  .35 break

01[13:20] {@Threei}  If holds  .28 

[13:25] {mojo1} in

[13:30] {fish_49} was on the phone  if it comes back to pick me up still valid?

[13:30] {fish_49} on P

01[13:30] {@Threei}  sure

01[13:30] {@Threei}  stop is negligible

01[13:31] {@Threei}  potential is not all that great but can work for a decent scalp, and if SPY goes for day high, maybe more

01[13:36] {@Threei}  1:1  

[13:41] {dino} wmgi l .25

[13:42] {dino} out wmgi .49, +.24

01[13:42] {@Threei}  .50 break can catapult P

01[13:42] {@Threei}  looong C&H

[13:44] {dino} anfi l .52

01[13:46] {@Threei}  1:2  P  close enough

01[13:46] {@Threei}  1/4 more out

01[13:48] {@Threei}  closed on a trail

[13:48] {fish_49} gj

01[13:48] {@Threei}  not too shabby for a lunch play

[13:48] {fish_49} it never came back for me

01[13:48] {@Threei}  it was at .37 when you asked

[13:48] {fish_49} lunch? it's half way to dinner time

[13:49] {fish_49} maybe it was .37 whan I asked  but  .38 and climbing when you answered  lol

01[13:50] {@Threei}  "lunch" is stretchable concept. It covers the time between end of breakfast and start of dinner

[13:50] {RonS} fish re-name to slug?  snail?

[13:51] {fish_49} lol  you are correct.  when I missed the P  trade I went in and had lunch

01[13:51] {@Threei}  see? you should have taken ichthyosaur when I offered

[13:51] {fish_49} yep

[13:51] {fish_49} lol

[13:51] {fish_49} Snail is ok  slug  is  not

01[13:51] {@Threei}  much more formidavble than a slug

[13:51] {fish_49} slug is a large snail without a home

[13:52] {mojo1} lol

01[13:52] {@Threei}  we still haven't figured out what kind of dino dino is

01[13:53] {@Threei}  I mean, there is serious difference between brontosaur and T-rex

[13:53] {fish_49} a Dinaspelourous

[13:55] {dino} whatever that flintstone dino/dog was

01[13:57] {@Threei}  http://mcsaurus.deviantart.com/art/Dino-vore-Fred-Flintstone-04-152133036 ?

[13:57] {fish_49} cool  

01[13:58] {@Threei}  Dino is a snorkasaurus that is Fred Flintstone's pet dinosaur.

[13:58] {fish_49} wow  how did you know that Vad?

01[13:59] {@Threei}  well, I used this recent invention not many have heard of yet

01[13:59] {@Threei}  called google

[13:59] {dino} did al gore make that?

[14:00] {fish_49} can you google  Winning Trade 1:3  and find one more?

01[14:00] {@Threei}  don't tell anyone... but you can find some bits and pieces of info there

01[14:00] {@Threei}  I suspect he did dino... it's too good to be invented without him

[14:02] {fish_49} I did visit Fred recently and was able to ride in his car

[14:02] {fish_49} actually took a pic  wait  I will find it

[14:03] {RonS} classic:  Mt. Gox Bitcoin exchange down amid $365 million theft claim: http://bloom.bg/Mqm9of

[14:04] {fish_49} my ride in Fred Flinstones Car

[14:04] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/P2110786fixed_zps506fcaf4.jpg.html

01[14:04] {@Threei}  hey... that's real money, not tainted by the government

01[14:05] {@Threei}  wow fish... nice shot

[14:05] {fish_49} ty

[14:05] {fish_49} Vad have you ever met Munky?

01[14:05] {@Threei}  no

[14:05] {nemo} who's the ugly guy in the foto?

[14:05] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/monkey07-873x950_zpsa1b84f74.jpg.html

[14:05] {dino} lol

[14:06] {RonS} late '70's guy at gym in suit...me: why are you dressed up, thought you are retired...him:  won't be till i die...lost all my savings w/ Madoff...

[14:06] {fish_49} lol

[14:06] {RonS} not funny...true...

[14:06] {nemo} poor bastard

[14:06] {dino} made-off

[14:15] {natan} hi vad

[14:15] {natan} i'm new in this forum

[14:16] {nemo} bow to Zod

01[14:16] {@Threei}  hi natan

[14:16] {natan} i'm taking your online training

01[14:16] {@Threei}  following along fine?

[14:16] {natan} yep

01[14:16] {@Threei}  don't hesitate to ask if you have questions

[14:16] {natan} and wondering about the personal sessions

[14:17] {natan} how do you focus

[14:17] {nemo} natan, if you see a guy named "Les" in the room, don't ask HIM any questions

[14:17] {natan} lol

[14:17] {dino} natan, welcome and gl

01[14:17] {@Threei}  focus?

01[14:17] {@Threei}  I don't...

[14:17] {dino} music

01[14:17] {@Threei}  I throw darts...

[14:17] {nemo} how many monitors u got natan?

01[14:17] {@Threei}  luckily, more of them hit the center

[14:17] {natan} 4

01[14:18] {@Threei}  you mean focusing on a mentoring session during trading day?

[14:18] {natan} that's right

[14:18] {mojo1} natan, u like bananas?

01[14:18] {@Threei}  it's 30-60 min, which usually falls on a quiet oeriod

[14:19] {nemo} mojo, back to the corner

[14:19] {munky} i do

01[14:19] {@Threei}  lunch time

[14:19] {natan} ok

01[14:19] {@Threei}  and even if some trade comes along during that time, I am good at multitasking

[14:19] {fish_49} what platform are you using natan?

[14:19] {natan} das

[14:19] {fish_49} ok

01[14:20] {@Threei}  I once managed to eat ribs and steak at the same time

[14:20] {nemo} o.k.  watch this....

[14:20] {natan} you can solve any kind of issue: techanical, psicological...

[14:20] {nemo} Vad.....?

[14:20] {nemo} BACON!!!!

[14:20] {fish_49} Vodkaaa!!!!

[14:21] {nemo} natan....you have to solve the issue, other's can only provide guidance

[14:21] {natan} i know that, but its taking me a while to get out of this hole

[14:23] {natan} i'm tired of crashing into the same wall

[14:23] {fish_49} Are you a ground Hog by chance?

[14:23] {natan} lol

[14:23] {nemo} Fish....go listen to a James Gang album will ya

[14:23] {fish_49} teasing

01[14:23] {@Threei}  please read the description of mentoring at http://www.realitytrader.com/mentoring.html

[14:23] {natan} i'll do it

[14:26] {dino} galt spike

[14:26] {natan} i'll send you an email with some personal questions

[14:26] {dino} rcpt too

01[14:26] {@Threei}  normally it's done this way: you send an e-mail describing the problem, if it's something requiring mentoring, we do it; sometimes it's a minor issue that can be helped by the brief e-mail exchnage, which we do

[14:26] {nemo} Hey, natan, how long u been at it?

01[14:27] {@Threei}  so yes, send them, we will look them over and decide how to proceeed

[14:27] {natan} ok

[14:27] {nemo} what's this "we" shit?

[14:27] {natan} I've been in this for about 2 years

[14:27] {nemo} O.K.  how long you been stuck?

01[14:27] {@Threei}  just the right time to break through

[14:28] {natan} I'm a part time trader so...

[14:28] {nemo} ahhhh, so you've had somewhat limited screen time

[14:28] {natan} that's right

[14:28] {natan} i just can come post lunch

[14:29] {nemo} o.k. so really, in many way's you've really been only trading a year

[14:29] {natan} yep

[14:29] {nemo} OK...expectations 

[14:29] {natan} good questions

[14:29] {nemo} Between u me and the fencepost...you're still EARLY in the journey

[14:30] {natan} what's standard learning curve?

01[14:30] {@Threei}  nemo... I have to ask you once again to stop referring to me as a fencepost

[14:30] {nemo} there is no standard

[14:30] {fish_49} Natan  do you enjoy reading?

[14:30] {nemo} oh sorry tree good, fire bad

[14:30] {natan} sure

[14:30] {nemo} Having said that, oftentimes there is a 10,000 hour rule for expertise

01[14:31] {@Threei}  unlike fencepost that stand passively waiting for someone's forehead to hit it, I actively seek out those foreheads

01[14:31] {@Threei}  that's serious difference

[14:31] {nemo} It's not hard and fast, but this is a discipline that requires a level of mastery that goes beyond showing up for work every day

[14:32] {fish_49} I'm new here also  but  as far as the methods in this room,  this book was a great help.  I'm slow and had to read it a few times  to grasp the concepts.

[14:32] {fish_49} http://www.amazon.com/gp/product/0071414908?ie=UTF8&tag=daytradingeducat&linkCode=as2&camp=1789&creative=9325&creativeASIN=0071414908

[14:32] {natan} i got it and read it! pretty good book

01[14:32] {@Threei}  I need to read that one...

[14:32] {fish_49} ok

[14:32] {fish_49} love it

01[14:32] {@Threei}  people keep referring to it

[14:33] {natan} i'm currently reading the master profit plan

01[14:33] {@Threei}  btw, got amazing e-mail from someone recently... one of those that make my day

[14:33] {fish_49} well you're name is on it and Christopher mentions you're name in the book Vad

[14:33] {munky} whats the name of the book

[14:33] {dino} lol

[14:33] {natan} lol

[14:33] {fish_49} Techniques of TAPE READING

01[14:34] {@Threei}  Hello Vadym,

01[14:34] {@Threei}  I have been reading your book 5x now and the question I am asking my self every time is why was I not able to fully grasp everything the 1st time.

[14:34] {nemo} Natan...you have internalize enough information to find out what works for you.  For instance, Dino trades completely different from almost anybody in the room.

[14:34] {dino} ttr my fav too

01[14:34] {@Threei}  etc... but this is quite common theme

[14:34] {nemo} His ONE cellmate is RonS

[14:34] {RonS} lol

01[14:34] {@Threei}  people find new things in it reading it many times

[14:34] {nemo} Sometimes I look at Vad's trades and go, huh?

[14:34] {fish_49} sometimes?

[14:34] {fish_49} ttr?

[14:35] {nemo} Given that you have only been trading a year it's likely you haven't been exposed to enough info to find out what speaks to you

01[14:35] {@Threei}  sometimes I look in the mirror and go, huh?

[14:35] {nemo} You never look in the mirror, they always shatter 

[14:35] {fish_49} as long as you dont see Nemo in that mirror, you will be fine  Vad

06[14:35] * nemo see's fish in the mil-dot cross-hairs

[14:36] {fish_49} who was supposed to be watching P

01[14:36] {@Threei}  well, ever since that girl bit me on the neck, I see no reflection in the mirror... dunno why

[14:36] {natan} thanks for the info nemo

[14:36] {dino} fish ttr=tech of tape reading

[14:37] {fish_49} yea  I got it  after a minute... I'm a slow fish in the cold

01[14:37] {@Threei}  natan... actually, if you can suffer through nemo's thick layer of sarcasm and insults, he can be quite helpful

[14:37] {dino} better slow than dead

[14:37] {nemo} what do you have on your charts natan for "indicators"

[14:37] {natan} lol

01[14:37] {@Threei}  but we wouldn't have him any other way

[14:37] {nemo} I haven't insulted him 

01[14:37] {@Threei}  give it time

[14:37] {fish_49} yet

[14:38] {natan} Not very complex, just bollinger bands and volume

[14:38] {natan} daily/15-min/ and 1min graph

[14:39] {natan} same for SPY and QQQ

[14:39] {nemo} cool, the only thing I would recommend, because many here have found it useful, is to keep freestockcharts.com up, and plot pivot levels...They create a grid that defines the chart geography for you

[14:40] {RonS} jesus P...

[14:40] {natan} can't be plotted in DAS?

[14:40] {nemo} damn, missed the frickin gmr short

[14:40] {nemo} gmcr

[14:40] {nemo} yes, but DAS charts don't handle them well.  It distorts the candle image

[14:41] {natan} ok

[14:41] {nemo} even Vad likes Freestockcharts.com

[14:41] {nemo} don't tell anybody though

[14:41] {natan} i have to read John L pearson book regarding Pivot point cause i'm quite new about that

[14:42] {natan} lol

[14:42] {nemo} yes very good book

[14:42] {nemo} I can share a .pdf of it with you if you have gmail drive

[14:42] {natan} I read somebody of you recommend it

[14:42] {nemo} the rest of you can go to hell

[14:42] {fish_49} or you can just ask nemo every day for the numbers

[14:42] {dino} lol

[14:42] {nemo} Yeah, I'll give you my paypal address

[14:42] {natan} lol

[14:42] {munky} nemo, can freestock plot r1,r2,r3

[14:43] {nemo} absolutely munky

[14:43] {munky} thanks

[14:43] {thomcbell} wow vad u guys talking about the P?

[14:43] {natan} I got it nemo, many thanks anyway

[14:43] {nemo} wow P

[14:43] {fish_49} yea

[14:43] {nemo} Ochoa's book is good also

01[14:43] {@Threei}  nice find, eh?

[14:44] {nemo} might be short here

01[14:44] {@Threei}  never expected it to go as much though

[14:44] {munky} munky sees P, cuts wrist with a banana

[14:44] {nemo} oh jeez...frickin' Vadgroupy

01[14:45] {@Threei}  [13:42] {@Threei} .50 break can catapult P

[14:45] {fish_49} lol

01[14:45] {@Threei}  boy, did it...

[14:45] {fish_49} oh  forgot  to say 1:12  and out

[14:45] {thomcbell} very nice 

[14:46] {munky} fish, really

[14:46] {nemo} was there news?

[14:46] {fish_49} 1:10

01[14:46] {@Threei}  no

[14:48] {fish_49} http://seekingalpha.com/article/2045163-3-convincing-reasons-why-pandora-is-a-sell?source=google_news

[14:49] {fish_49} He may have gotten it all wrong on this one  lol

[14:51] {dino} xon spike

[14:53] {natan} are you all fulltime traders?

[14:53] {fish_49} some fulltime  some  fooltime

[14:53] {natan} lol

[14:53] {nemo} well...when they let me out...usually need my meds adjusted fairly regularly

[14:53] {nemo} then there are the shock treatments

[14:54] {dino} nat, yes

[14:54] {nemo} I have an extreme case of PTSD known as DPWF Syndrome

[14:56] {natan} what does all this acronyms stands for?

[14:56] {nemo} dino, you're also a landlord kingpin

[14:58] {nemo} Disgruntled Postal Worker Fantasy Syndrome

[14:59] {nemo} http://goo.gl/ktVtgv

[14:59] {dino} out z swing from last week, +3.20

[14:59] {fish_49} Nemo is not allowed  to have firearms  because of his disability

[14:59] {nemo} yeah, and I work in a gun shop too

[15:00] {fish_49} this is nemo

[15:00] {fish_49} http://www.youtube.com/watch?v=iDnEkFSMRik

[15:00] {fish_49} need coffee Vad  hold all calls

[15:01] {nemo} no, this is the guy who trained me:  http://goo.gl/DgDtYG

01[15:01] {@Threei}  easier said than done... I need to busy myself with something

01[15:01] {@Threei}  oh... I might learn to dance

01[15:01] {@Threei}  http://www.youtube.com/watch?v=xR_CRgW4Gs8

[15:02] {nemo} I remember watching that as a kid

[15:02] {natan} see you tomorrow guys

[15:03] {dino} gn

01[15:03] {@Threei}  see you tomorrow natan

[15:03] {natan} g luck

[15:04] {RonS} natan just needs a little chi...or in his case ci...

[15:04] {nemo} ?

[15:04] {RonS} nathan - h...

[15:04] {nemo} ahhh

[15:04] {RonS} :)

[15:04] {nemo} or an s instead of the first n

[15:05] {RonS} oof

[15:05] {nemo} he got a bad wrap...that whole Garden of Eden thing was to keep us from just being a herd of cows

[15:05] {nemo} Having said that, most of the people still are

[15:07] {nemo} for those of you that can handle a .15 stop, if GMCR drops .70 and stays under .85ish, it could drop

[15:08] {nemo} big seller at .80

[15:09] {nemo} look at that daily

[15:10] {nemo} eh, it shut off on the algo

[15:11] {nemo} sbux .85 short break

[15:11] {nemo} above .90

01[15:12] {@Threei} Short Setup: C  .50 break

01[15:12] {@Threei}  If holds  .60 

[15:13] {nemo} finnies coming into the 50 day and their lows

[15:15] {nemo} sbux gave you 1:1

[15:15] {fish_49} called late

[15:15] {nemo} no, it allowed you to get back in

[15:16] {nemo} gmcr triggered, but hasn't hit 1:1

01[15:19] {@Threei}  stop to .56

01[15:19] {@Threei}  to protect against double bottom

[15:20] {nemo} gmcr did a 1:1 and I think it's gonna' be a sleigh ride down

[15:24] {mojo1} vad call c .50 break are getting in at .5 0r .49

01[15:24] {@Threei}  http://www.realitytrader.com/tradingroom/#instructions

[15:24] {fish_49} .5 would be great but only after you have a print of .49

[15:25] {mojo1} i can't read

01[15:26] {@Threei}  finally

01[15:26] {@Threei}  I am not alone in this world

01[15:27] {@Threei}  everyone wonders why I haven't read Techniques of Tape Reading

01[15:27] {@Threei}  and I am too shy to say I can't read

[15:27] {fish_49} 1:1

[15:27] {fish_49} almost

[15:27] {fish_49} lol

01[15:28] {@Threei}  1:1  

[15:32] {nemo} oh well, no last minute collapses

01[15:32] {@Threei}  28 min still

01[15:32] {@Threei}  28 opportunities

01[15:32] {@Threei}  to get crashisher

[15:40] {fish_49} trailing C  to .50?

[15:40] {nemo} guess spy doesn't want to close far from 185

[15:40] {fish_49} no crazy volume in the close

[15:40] {fish_49} markets don't know which way to go

01[15:43] {@Threei}  let's lose .40 and die, C

[15:43] {nemo} probably not, finnies not likely to give up the 50 day

01[15:44] {@Threei}  to me, perfect place to break the support and kill those who buy here counting on it to hold

[15:44] {nemo} true

01[15:44] {@Threei}  shakes them out hard, then bouncwe

01[15:44] {@Threei}  max pain

[15:45] {fish_49} yeaaa

[15:45] {fish_49} worth the wait

[15:45] {fish_49} close enough

[15:45] {fish_49} out here vad  thanks

01[15:46] {@Threei}  yw

01[15:46] {@Threei}  not as spectacular day as yesterday but very decent

[15:46] {fish_49} I'm still trading small lots  and have decent profit.  Did well with futures trade also  Happy day

[15:47] {fish_49} thanks Vad

[15:48] {dino} ptct spike

01[15:48] {@Threei}  sure thing

[15:48] {mojo1} nice C vad

01[15:48] {@Threei}  :)

[15:48] {mojo1} out .33

01[15:49] {@Threei}  glad you ironed out those execution issues fish

[15:49] {nemo} holy shit, now look at P

[15:49] {fish_49} went up on rumors  maybe

[15:49] {fish_49} truth came out  lol

[15:49] {darekj} out of C, ty Vad

01[15:49] {@Threei}  yw

01[15:54] {@Threei}  1:2  

01[15:55] {@Threei}  ok guys, thank you all

01[15:55] {@Threei}  have a great evening, see youi tomorrow

[15:55] {fish_49} gn 

[15:57] {darekj} good night

[15:58] {thomcbell} gn all

[15:59] {nemo} gotta' go, bye folks

Feb 24 2014

Fine morning with 3 wins out of 3 calls at 50 min from the open. One of them deserves a screenshot as a fine example of catching the reversal (although the rest are just as juicy):

Finishing at 100%, with just one trade being a scalp, and the rest 1:2 and 1:3ers, LVS long 1:3 for the grand finale. FB, MCD, LVS, GM... everything lined up and asked how high to jump. Or drop as the case might be with short trades.


Session Time: Mon Feb 24 00:00:00 2014
[09:00] {dino} gm
[09:00] {fish_49} gm
01[09:00] {@Threei}  morning dino, fish
[09:00] {fish_49} 3i
01[09:05] {@Threei}  (US) Former Fed Chair Greenspan: Q4 GDP figures likely to be revised downward citing industrial production issues
01[09:05] {@Threei}  ??
01[09:05] {@Threei}  man...
[09:05] {fish_49} huh  can't he just retire and shhhhhhhh
[09:05] {fish_49} what the heck....
01[09:11] {@Threei}  interesting battle EBAY vs Icahn
01[09:11] {@Threei}  gotta keep an eye on it, might move the stock
01[09:12] {@Threei}  Facebook ($FB) Target Lifted to $80 at Needham & Company on WhatsApp Deal
01[09:13] {@Threei}  DDS, dino
[09:15] {dino} yes, saw it
01[09:15] {@Threei}  Interim Ukrainian interior minister says a warrant is out for the arrest of President Yanukovych, last seen in Crimea
01[09:15] {@Threei}  either that or Qaddafi destiny
[09:16] {munky} morning
01[09:17] {@Threei}  munky :)
[09:19] {darekj} good morning
01[09:19] {@Threei}  darek :)
01[09:20] {@Threei}  snow on the ground... not something I see often
01[09:20] {@Threei}  about half inch, and will be washed away in a few hours but still
[09:20] {nemo} time to roll out the "we will rebuild" meme
01[09:20] {@Threei}  lol
01[09:21] {@Threei}  schools are out
[09:21] {fish_49} for the summer?
01[09:21] {@Threei}  the rest of Canada is laughing hysterically
01[09:21] {@Threei}  snow day
[09:21] {fish_49} I know
[09:21] {fish_49} It was a joke
[09:22] {fish_49} song...  Schoolks  out...  For  the summer
[09:22] {fish_49} fat fingers
[09:22] {dino} lol
01[09:22] {@Threei}  fingers? fins I thought
01[09:22] {@Threei}  I personally alternate typing with fins and knees
[09:22] {fish_49} gills are cold this am
01[09:25] {@Threei}  ese is snowed in probably
01[09:28] {@Threei}  FB dive
[09:29] {nemo} markets above pivots, Ukraine looks better...this thing could go today
01[09:31] {@Threei} Long Setup:  EBAY  ..95 break hl
01[09:31] {@Threei}  If holds  .85
01[09:32] {@Threei}  actually stop .87 on EBAY
01[09:33] {@Threei}  1:1
01[09:33] {@Threei}  1:2
01[09:33] {@Threei}  1:3
01[09:33] {@Threei}  out
01[09:34] {@Threei}  1:4
01[09:34] {@Threei}  ummm... 1:5
01[09:35] {@Threei}  oh come on... 1:6
01[09:35] {@Threei}  lol
[09:35] {darekj} ty Vad
[09:35] {thomcbell} wow ebay now breaking out of big base
01[09:35] {@Threei}  yw
[09:37] {thomcbell} mu was weak on friday but 25.21 long break if holding 25.10
01[09:38] {@Threei} Short Setup: FB  .60 break hl
01[09:38] {@Threei}  If holds  .70
01[09:39] {@Threei}  stop .66
01[09:39] {@Threei}  1:1
01[09:40] {@Threei}  nervous trader FB
[09:40] {fish_49} out  ty
01[09:40] {@Threei}  1:2
01[09:40] {@Threei}  yw
[09:41] {thomcbell} cde 11.81 long break if holding 11.72
[09:41] {thomcbell} mu invalidated
[09:43] {dino} sfun smr l .23 gappy
[09:44] {dino} f#%k das crash
01[09:46] {@Threei}  hmmm
01[09:46] {@Threei}  fine here
[09:46] {fish_49} what is the phone number for support if in a trade when that happenes?
[09:47] {fish_49} I have my laptop up and running just in case lose electric
[09:47] {dino} stsmart fine, ds still off
[09:47] {fish_49} happens
[09:47] {fish_49} sorry Nemo
01[09:48] {@Threei}  fish, 647.477.6189
[09:48] {fish_49} ty
[09:50] {thomcbell} wow vad ebay
[09:50] {thomcbell} flat out wow
01[09:51] {@Threei}  I am not looking
[09:51] {fish_49} Nice rally for a Monday.
01[09:51] {@Threei}  not looking
[09:51] {RonS} icahn letter to ebay this a.m.
01[09:51] {@Threei}  not looking
01[09:51] {@Threei}  they responded too Ron
[09:51] {fish_49} Hat is off to Nemo Toad
01[09:51] {@Threei}  09:11] {@Threei} interesting battle EBAY vs Icahn
01[09:51] {@Threei}  [09:11] {@Threei} gotta keep an eye on it, might move the stock
[09:52] {thomcbell} flattening cde flat
[09:52] {thomcbell} didnt like its behaviour
[09:56] {munky} .
[09:56] {thomcbell} ung looks vulnerable
[09:58] {nemo} what I do?
[09:58] {fish_49} [09:29] {nemo} markets above pivots, Ukraine looks better...this thing could go today
[09:58] {nemo} ahhh
[09:58] {fish_49} this usually happens on Tuesday
[09:59] {thomcbell} not borrowable
[09:59] {fish_49} VZ weak
[09:59] {nemo} was upgraded too
[09:59] {fish_49} there is a gap just below  looks dangerous
01[10:03] {@Threei} Short Setup: C  .88 break
01[10:04] {@Threei}  If holds  .95
01[10:08] {@Threei}  stop to .91
[10:10] {thomcbell} damn ung
[10:10] {thomcbell} was perfect
01[10:11] {@Threei}  half out
01[10:11] {@Threei}  stop .89
[10:12] {nemo} thom look to reshort at vwap
[10:16] {nemo} next level would be .60ish
01[10:16] {@Threei}  wow FB
[10:17] {fish_49} i'm afraid to look
[10:17] {fish_49} is it trading at 80 now?
[10:17] {fish_49} lol
01[10:17] {@Threei}  soon :)
01[10:17] {@Threei}  ok C, time to drop fast
01[10:17] {@Threei}  and far
01[10:17] {@Threei}  this is 3 for 3 btw...
06[10:17] * @Threei is whispering his eternal question
06[10:18] * @Threei looks in the cold dark skies with hope
[10:18] {fish_49} I was gonna say that  but didn't want to ruin a good thing
01[10:21] {@Threei}  1:2
[10:23] {fish_49} GJ  Vad
01[10:24] {@Threei}  ty
[10:25] {munky} vad, no u cannot go home
[10:25] {nemo} You can never go home again
[10:26] {nemo} http://goo.gl/X84GjJ
[10:29] {fish_49} Vad has no country to go home to
[10:29] {fish_49} http://www.imdb.com/title/tt0477348/
[10:30] {nemo} how trite...deserves a trout
01[10:30] {@Threei}  *(US) FEB DALLAS FED MANUFACTURING ACTIVITY:0.3 V 3.0E
01[10:30] {@Threei}  you guys arw cruel
01[10:30] {@Threei}  munky... fish... nemo...
[10:32] {fish_49} maybe greenspan is correct
[10:33] {fish_49} 0.3 verse 3.0?
01[10:33] {@Threei}  yeah
01[10:33] {@Threei}  components are mixed
01[10:34] {@Threei}  hard to make much of it:
01[10:34] {@Threei}  Production: 10.8 v 7.1 prior - Capacity Utilization: 9.1 v 8.2 prior - New orders: 9.5 v 14.4 prior - New order growth rate: 5.3 v 6.4 prior - Shipments: 13.3 v 9.2 prior - Raw materials prices paid: 21.9 v 26.8 prior - Wages and benefits: 25.8 v 21.6 prior - Employment: 9.9 v 8.6 prior
01[10:35] {@Threei}  BlackBerry Spokesperson confirms Blackberry will be supplying technology and engineering services for Ford - press ***Reminder: On Feb 23rd, there were press reports that Ford had selected BlackBerry over Microsoft to run its Sync system. According to sources, Ford will base its next gen Sync system on BlackBerry's QNX. Reports suggested QNX would be less expensive than Microsoft licenses and improve the flexibility and speed of the next Sync system.
01[10:36] {@Threei}  QNX might be the last BBRY's hope to survive
[10:36] {fish_49} Manufacturing for safety stock..  Production is up,  efficiency is up  but sales orders are down
[10:36] {fish_49} so perhaps next report will be bad  since  they are filling existing orders and have not much new orders
[10:55] {RonS} time for war?  after kicking our ass in the Olympics, they just won't let up...The polar vortex is set to bring more snow to the U.S. this week: http://bloom.bg/1mr9v5v
[10:56] {dino} yeah, hitting teens here this week, 2-4" tomorrow for snow
01[10:56] {@Threei}  I'd sauggest retinking that war thingy, ron... we will surrender immediately and demand our share of welfare
[10:57] {RonS} lol...true 'dat
01[10:57] {@Threei}  also, there would go your last chance to get rid of Bieber
[11:08] {thomcbell} mu a short candidate if the firehose gets turned off
[11:10] {dino} bcor hl l .99
[11:15] {RonS} vwap on DDS anyone?
[11:16] {fish_49} 85.04  on my platform
[11:16] {RonS} ty
[11:16] {dino} same
[11:18] {fish_49} Das Vwap says 85.07
01[11:19] {@Threei} Long Setup:  MCD  .75 break
01[11:19] {@Threei}  If holds  .65
01[11:28] {@Threei}  stop .69
[11:32] {RonS} sm l dds .10
01[11:34] {@Threei}  half out
01[11:34] {@Threei}  stop to .74
[11:35] {fish_49} what price did you get on the entry VAD?
01[11:35] {@Threei}  .77
[11:39] {dino} ctas spike
[11:42] {nemo} watch mon
[11:42] {nemo} vrtx
[11:42] {nemo} sorry
[11:43] {dino} bcor stop .78 -.21
[11:48] {mojo1} hi
01[11:48] {@Threei}  hi mojo, welcome
[11:48] {nemo} great...now I got a frickin' Doors song going through my head
[11:49] {dino} i was thinking austin powers or nike golf balls
01[11:49] {@Threei}  and I see austin powers
[11:49] {mojo1} mojo rising
[11:49] {nemo} well, we all know you're weird dino
01[11:49] {@Threei}  lol dino
[11:49] {dino} mojo golf balls
[11:49] {munky} i hope mjo brings some momo
[11:50] {nemo} not sure we'll get anymore mojo today, we're already above R3 on the spy iwm and finnies
01[11:54] {@Threei}  still... slowly climbing
01[11:54] {@Threei}  - The S&P500 is matching all-time highs this morning as markets move higher in a risk-on atmosphere.
[11:54] {nemo} We're coming into the Weekly R2 levels on both IWM and SPY
01[11:55] {@Threei}  ok guys, you be the judge... does this line really reads funny or I am insane?
01[11:55] {@Threei}  12:15ET Commerce Secretary Pritzker conducts Q&A with LNKD's CEO Jeff Weiner
01[12:02] {@Threei}  DDS is still sliding
[12:10] {thomcbell} ung now in gap area
01[12:10] {@Threei} Short Setup: GM  .55 break
01[12:10] {@Threei}  If holds  .60
01[12:10] {@Threei}  just a scalp most likely
[12:15] {RonS} UniFirst: No Merger Talks With Cintas, Any Other Party }UNF ...also ctas
[12:15] {fish_49} was on phone  GM trade still on?  did it fill?
01[12:16] {@Threei}  never triggered
[12:16] {goinshort} not shortable here
[12:22] {munky} vad, gm still valid?
01[12:22] {@Threei}  yes
01[12:23] {@Threei}  MCD, believe it or not...
01[12:23] {@Threei}  1/4 more out
01[12:44] {@Threei}  Facebook CEO Zuckerberg: WhatsApp acquisition will help expand connectivity to underserved people around the world, help create a set of basic services for the internet through "internet.org" initiative - Mobile World Congress- WhatsApp will be worth more than Facebook paid for it. - Can't say whether expanding internet coverage to underserved people will be profitable any time soon. Facebook will probably lose money on the push for a while. - Feels if do something good to connect the world, eventually there will be an opportunity to monetize it
01[12:47] {@Threei}  there was a report over the weekend that in arab spring countries rights of women and minoroties are worse than before uprisings. How does Zuckerberg feel about "doing something good" after supporting technologically those?
[12:50] {nemo} Harold Ramis died
[12:52] {RonS} cald hung up
[12:55] {nemo} mon is teasing
[12:55] {nemo} oh nevermind, broke 10 minutes ago
[13:03] {mojo1} fb trying for new high
01[13:04] {@Threei}  feels breakish to me
01[13:05] {@Threei}  and runnish
[13:05] {mojo1} me too, thinking 72 and beyond
[13:05] {RonS} sheeshish...
[13:06] {mojo1} wrong time of day tho
01[13:07] {@Threei}  lol ron
01[13:07] {@Threei}  yeah, rime of the day is rinsinish
[13:08] {nemo} rhyme
01[13:08] {@Threei}  time
[13:08] {nemo} crime (as in your typing)
01[13:08] {@Threei} Long Setup:  FB  .25 break hl
01[13:08] {@Threei}  risky trade
01[13:08] {@Threei}  50/50 odds of rinsing
[13:09] {mojo1} dont let me influence u vad
01[13:09] {@Threei}  my typing is not a crime. It's crimish, sure
01[13:09] {@Threei}  If holds  .15
[13:10] {nemo} up 3.8%
[13:19] {thomcbell} mu worked short anyway
[13:22] {thomcbell} lvs shocking today
01[13:25] {@Threei}  FB valid
01[13:25] {@Threei}  feel free to cover GM as you see fit
01[13:25] {@Threei}  just a lunch time scalp
01[13:28] {@Threei}  ok FB, let's kill premature shorts
01[13:31] {@Threei}  1:1
01[13:35] {@Threei}  1:2  FB  close enough
01[13:35] {@Threei}  2nd part out
01[13:35] {@Threei}  and out on a trail
01[13:36] {@Threei}  100% day so far... and everyhting would have been great if not for munky who won't let me go home
[13:37] {mojo1} maybe munky is good luck
01[13:37] {@Threei}  OK... I'll settle fir that, especially considering I have no choice
01[13:38] {@Threei}  so, let me entertain you with little story from recent Ukraine business developments, particularly the reason people got so fed up with regime
01[13:39] {@Threei}  you folks might be happy or unhappy with tax regime and numbers,
01[13:39] {@Threei}  and they might be fizzy somewhat
01[13:39] {@Threei}  but imagine this:
01[13:39] {@Threei}  instead of the law that serts your taxation, a guy comes to you from the tax body
01[13:40] {@Threei}  and tells you: you "tax load" for the period we discuss is $xxx,
01[13:40] {@Threei}  out of which you give me a check for 50% andf the rest - cash, no documentsa
01[13:40] {@Threei}  You pay, he nods and leaves.
01[13:41] {@Threei}  You don't, during next week your business is yanked from under you
01[13:41] {@Threei}  literally
[13:41] {fish_49} failed to pay taxes?
01[13:41] {@Threei}  you come to office, other people are in it, you are told to go away
01[13:41] {@Threei}  well, if you can call it taxes
01[13:42] {@Threei}  it's a number they call at their discretion
[13:42] {fish_49} he gave you the number  and you paid what he gave you
[13:42] {fish_49} so whats the problem?
01[13:42] {@Threei}  ummm
01[13:42] {@Threei}  lol
01[13:43] {@Threei}  you are member of Yanukovich "family" or what? {G}
01[13:43] {@Threei}  they are the opnly ones who didn't see a problem with it
[13:43] {fish_49} I thought you were going to tell me  you paid X amount 3000  (1500 Cash and 1500 check)  and the office told you that you still owed 1500
01[13:44] {@Threei}  if they needed more money, they would do that
[13:44] {fish_49} It's not like this  in Korea anymore  but  I used to get forced to drive everywhere because the police would not stop me and ask for bribe  because they couldn't speak english
01[13:44] {@Threei}  if they were temporary satisfied, you were free for a while
[13:44] {fish_49} I did get stopped and they looked at my face and wave me on.
01[13:45] {@Threei}  when I run business over there, bandits wanted me to succeed, and demanded their share making sure that I could continue
01[13:45] {@Threei}  these folks were different - they aimed tio get your business from you
[13:45] {fish_49} several times  My father in law driving  and the police (No Gun  just whistle and finger) standing on the side of the road  tells him to pull over.  B4  the cop gets there he already has 40  bucks pulled out
[13:45] {fish_49}   gives him the 40 bucks and drives away
01[13:46] {@Threei}  Yanukovich "watchers" were installed throughout whole vertical of the government, and made sure no decision was made against their will
[13:46] {fish_49} yes  the thugs  shake you down Vad and you pay the thugs forprotection  so you can continue
01[13:46] {@Threei}  and his raiders were yanking businesses from under their owners
[13:47] {fish_49} then the GOV  comes  and takes your lunch money also
[13:47] {fish_49} it's a no win situation
[13:47] {fish_49} some days your banana  and some days your the munky
01[13:47] {@Threei}  now whole thing unravels
01[13:48] {@Threei}  chaos everywhere as all kinds of division lines get activated
[13:48] {fish_49} I asked before  which side is better
01[13:48] {@Threei}  east against west, russian-speaking vs ukrainian, pro-Russia vs pro-West
[13:49] {munky} lol fish
01[13:49] {@Threei}  you would have to define "side" first...
01[13:49] {@Threei}  there is no two sides
01[13:49] {@Threei}  there is former government most of which now quickly morphs,
01[13:50] {@Threei}  and there is opposition whivh in turn consists of dozens forces
[13:50] {fish_49} ok let me ask another way
01[13:50] {@Threei}  temorary united to get rid of the regime
01[13:50] {@Threei}  and now srated warring
[13:50] {fish_49} What would good honest working folks want to see as the outcome?
01[13:50] {@Threei}  started
01[13:50] {@Threei}  they don't know
01[13:51] {@Threei}  they want good economy and honest govt
01[13:51] {@Threei}  but they have no idea who can deliver that
[13:51] {fish_49} If the Ukraine fails  wouldnt that be a win for Putin?
01[13:52] {@Threei}  over 20 years since USSR collapse, they haven't seen good government
[13:52] {nemo} lvs bounce territory
01[13:52] {@Threei}  in a way... define "fails"
[13:53] {fish_49} total breakdown  no services provided by government either food or security
[13:53] {RonS} awi jacked
01[13:53] {@Threei}  I doubt he wants this kind of chaos at his border
[13:53] {fish_49} LVS looks like further breakdown
[13:54] {nemo} .50 support
[13:54] {fish_49} yep
[14:03] {RonS} strange day...
[14:04] {RonS} ...dino not chasing cars, catching them, going to bank...
[14:08] {dino} not doing much, gap up and sit days suck for my style
[14:08] {thomcbell} did u catch lvs short vad?
[14:08] {RonS} good to know...thought was in corner crying over bcor...
[14:09] {RonS} :)
[14:10] {dino} no crying in trading
[14:11] {dino} hum spike
01[14:11] {@Threei}  no thom
01[14:12] {@Threei}  didn't see clear trigger
01[14:14] {@Threei}  (US) Defense Sec Hagel confirms 2015 Pentagon spending levels cuts; Army force size and fleet size to shrink as part of cost cutting efforts- as earlier expected- Base 2015 budget request to be $496B - Army to be cut to 450K troops from 570K at its highest - A-10 and U-2 aircraft to be eliminated - Littoral ship program to be cut to 32 from 52 (as expected)
[14:15] {nemo} cutting the A-10...love that plane
01[14:15] {@Threei}  496B? on 17T GDP?
01[14:15] {@Threei}  where is ese
01[14:16] {@Threei}  YUM! Brands Inc Taco Bell unit reportedly planning to launch a breakfast menu across the nation, starting in late March
01[14:17] {@Threei}  no reaction YUM... you'd think breakfast is no longer the most imprtant meal of the day
01[14:18] {@Threei}  TRP TransCanada Corp President Obama to reportedly make decision on KeystoneXL pipeline "in a couple of months," according to remarks made at US governors' conference
[14:18] {fish_49} Decision?
[14:18] {fish_49} Couple of Months?
[14:18] {fish_49} yea right
01[14:22] {@Threei}  heh
[14:26] {munky} wheres the fb long trig vad/
[14:26] {munky} ?
01[14:26] {@Threei}  nothing definite
[14:26] {RonS} those Russians are tough:  This inventor has been waiting 43 years for another chance to shock technology: http://bloom.bg/1h5eM19  pic.twitter.com/UCZf2Q0P4T
[14:26] {munky} U WATCHIN IT?
[14:26] {munky} OOPS CAPS LOK
[14:26] {munky} sorry
01[14:27] {@Threei}  with about 1/3 of an eye
[14:27] {fish_49} is that one of your 3 eyes  or one third of an eye?
01[14:27] {@Threei}  1/3 of one eye
01[14:41] {@Threei} Long Setup:  FB  .30 break hl
01[14:41] {@Threei}  If holds  .20
01[14:43] {@Threei}  Invalidated
[14:45] {munky} might be a good bounce candidate, not right here, but...
[14:50] {munky} fb wow
01[14:50] {@Threei}  we didn't short FB on .20 breal why??
[14:50] {munky} coulda been nice swhort
[14:51] {munky} dunno
[14:51] {munky} even .10 break
01[14:51] {@Threei} Short Setup: LVS  .60 break
01[14:51] {@Threei}  If holds  .70
01[14:59] {@Threei}  1:1
[15:00] {munky} lvs nice vad
01[15:01] {@Threei}  thom brought it to attention
[15:01] {munky} ok then
06[15:01] * munky slaps Threei around a bit with a large trout
[15:01] {fish_49} if no 1:8 then we can beat Thom?
06[15:01] * munky slaps Threei around a bit with a large trout
01[15:02] {@Threei}  why am I continuously getting slapped?
[15:02] {goinshort} nice thom -thanks!!
01[15:03] {@Threei}  1:2
06[15:03] * @Threei takes out banana-shaped AK-47 and slants at munky
[15:06] {fish_49} trailing to .55?
01[15:07] {@Threei}  .51
[15:10] {fish_49} out
[15:10] {fish_49} thanks Thom
[15:10] {fish_49} Thanks Vad
[15:10] {fish_49} Nemo too
[15:11] {nemo} ?
06[15:11] * @Threei is scared to answer "yw" lest he gets slapped again for who knows what
[15:11] {darekj} out, ty Vad
01[15:11] {@Threei}  yw
01[15:11] {@Threei}  (risking it)
[15:11] {mojo1} thanks thom & vad
01[15:12] {@Threei}  :)
[15:16] {munky} crap .90 cents sh on fb missed
[15:17] {fish_49} missed as in you didn't fill or you didn't see the set up
[15:18] {munky} just that vad and i were looking at it short off 71.20 is all
01[15:19] {@Threei}  stop looking for a reasn to be unhappy
[15:19] {munky} nice moe down
01[15:19] {@Threei}  there are always moves you miss
01[15:19] {@Threei}  we are running at 100% today, and just one of them is a scalp
[15:19] {dino} athm going for open gap
[15:20] {fish_49} Almost want to sit on my hands so I can say I had a perfect day
[15:20] {fish_49} lol
01[15:20] {@Threei}  as Chekov said in a short story titled "Be glad..." If wife cheated on you, be glad it's on you and not on Motherland"
[15:20] {munky} hope u tuck your thumb  first
[15:21] {munky} fish
01[15:21] {@Threei}  fins
[15:21] {fish_49} do munky's have thumbs?  Fish don't
[15:21] {munky} in my best scooby impression "wry do"
[15:22] {RonS} did Chekov say that to Captain Kirk or Spock?
01[15:22] {@Threei}  lol
[15:23] {RonS} :)  figured it was good for a nemo groan...
01[15:25] {@Threei}  CDC Caught Hiding Data Showing Mercury in Vaccines Linked to Autism
[15:26] {RonS} who would be stupid enough to put mercury in vaccines?
[15:27] {fish_49} I better not
01[15:28] {@Threei}  Thimerosal is widely used in vaccines, inclusinf flu vaccine
[15:29] {RonS} wanna say first flu vaccine was in the late '70's...took it and got flu...
[15:30] {RonS} none since...get 24 hr flu every 3-5 years...
[15:30] {fish_49} I didn't get flu shot this year and so far have been lucky
01[15:30] {@Threei} Long Setup:  LVS  .20 break hl
01[15:32] {@Threei}  1:1
[15:33] {RonS} took lvs .10 thanks 3i...gotta scoot...real nice day...see all in the morn...
01[15:33] {@Threei}  :)
01[15:34] {@Threei}  1:2
01[15:40] {@Threei}  US Dollar v Turkish Lira Weakness in TRY attributed to chatter of growing corruption scandal involving PM Erdogan and his son; USD/TRY above TRY2.19, 1-week high
01[15:40] {@Threei}  uh oh... I just divested my bitcoins to Turkish liras
[15:40] {fish_49} at a discount
01[15:41] {@Threei}  bitcoin/us dollar Alabama state securities regulator to issue warning regarding bitcoin trading - press- To warn if consumers and investors have trouble redeeming bitcoins or cashing out of their accounts, they stop trading - or adding to their holdings on account - until issues are resolved.
01[15:41] {@Threei}  Ukrainian hryvnya must be it, safe haven
01[15:42] {@Threei}  couple more of such transactions, and I will have to cash out my Nigeria inheritance
[15:43] {dino} i'm holding onto that
[15:44] {nemo} didn't know u were sephardic
01[15:45] {@Threei}  I hoped too, but I am getting hit hard on thes bitcoing and Turkish problems...
01[15:45] {@Threei}  I mean what could have been safer than Turkish lira... right?
[15:46] {dino} perhaps some n. korea currency
[15:47] {fish_49} what do they use
[15:47] {dino} rocks
[15:47] {fish_49} is it Won?  same as south?
[15:47] {nemo} I got some Reichmarks stashed aways somewhere
01[15:47] {@Threei}  shells?
01[15:47] {@Threei}  LVS 1:3
01[15:47] {@Threei}  I am out
[15:47] {dino} gj
[15:47] {fish_49} I was distracted and didnt get that trade waaaa
01[15:47] {@Threei}  thank you all, have a great evening
[15:47] {dino} gn
[15:47] {fish_49} gn
[15:47] {fish_49} thanks Vad
01[15:48] {@Threei}  see you tomorrow... unless turkish lira collapses
[15:50] {goinshort} thanks everyone - see ya !!
[15:50] {darekj} perfect day, ty Vad
01[15:51] {@Threei}  :)
[15:52] {dino} gn all

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: The Good, The Bad, and The Frozen

- US equities moved sideways this week in the absence of any catalysts that would help propel indices back above all-time highs. Poor earnings from the likes of Coca-Cola and Walmart, slushy housing data and big misses in the Empire Manufacturing and Philly Fed surveys were unable to drive any serious declines, largely getting a pass because of bad weather. The Fed minutes on Wednesday sparked a bit of a sell-off, but it didn't last. In Asia, the BoJ's latest helicopter dump of fresh funds for Abenomics helped the Nikkei gain 4% on the week. Europe was consumed with the growing internal tensions in the Ukraine, and diplomats frantically hammered out a tentative deal to reduce the powers of President Yanukovych and to set new elections later this year, but not before 100 citizens died in street fighting between protestors and police. For the week, the DJIA fell 0.3%, the S&P500 slipped 0.1%, while the Nasdaq gained 0.5%.
- The FOMC minutes for last month's meeting show Fed officials are wrestling with how to shape forward guidance. Some officials called for revision of the 6.5% unemployment threshold, though they were split on how it should be changed. The Fed has made it abundantly clear that key rates will remain low well after unemployment falls below the 6.5% threshold - although two officials still believe evidence could support a rate hike in the second half of 2014. The Fed continues to expect the economy to "expand at a moderate pace" they supported continued "measured reductions" in QE asset purchases.

- Investors digested a trio of ugly reports on the US housing market this week, however there were few surprises in the data and shares of major homebuilders gained ground. Existing home sales in January hit their lowest level in 18 months, while inventory and share of distressed sales were a bit higher m/m. January housing starts fell 16% y/y and saw their biggest m/m slowdown in years, although permits held up better. The February NAHB housing market index plunged to its lowest level since last May, falling ten points to 46. Commentary on the January and February data concentrated on the outsized impact of the harsh winter weather.

- Energy prices pushed even higher, with natural gas breaking the $6 mark for the first time since 2010. YTD, natgas futures have already gained approximately 50%. With more freezing weather forecasted for next week, gas futures closed above $6 for the last three days of the week. Crude prices are at four-month highs around $103, up roughly 3% on the week. Dollar weakness and turmoil in Libya have both helped goose prices higher, and the weekly API report showed an unexpected drawdown in crude inventories.

- The December quarter earnings season is drawing to a close. Hewlett-Packard's first-quarter earnings topped expectations. The company's PC shipments fell for a seventh straight quarter, although CEO Whitman said the rate of decline is slowing. Sales in the enterprise businesses were flat to down. Walmart offered an uninspiring fourth quarter report. Headline figures met expectations but Q1 and FY15 guidance was well short of consensus. All of the company's sales comps were in the red. Coca-Cola's revenue fell short of consensus expectations and declined nearly 4% y/y, while North America volumes declined 1% y/y in the quarter. Tesla shares motored to new all-time highs after easily beating expectations and setting a target of 35K Model S deliveries in 2014, a 55% increase over 2013.

- Facebook's acquisition of texting app WhatsApp for an almost unimaginable $19B in cash and stock has been a major topic. The deal includes $4 billion in cash, $12 billion in Facebook stock and $3 billion in restricted stock. Analysts suggest that Facebook was interested in acquiring a huge user base while simultaneously neutralizing a rival - similar to the reasoning behind the Instagram deal last year. Over 450 million people use WhatsApp every month and an impressive 70% of those people are active daily.

- Carl Icahn scored yet another victory as global generics name Actavis agreed to acquire Forest Labs in a cash-and-stock deal valued at $25 billion. Icahn has been prodding the company to create value since 2009, and was instrumental in getting current CEO Brent Saunders into the top spot. Note that Actavis reported very strong fourth quarter results on Thursday and reiterated its FY14 guidance.

- In data out on Tuesday, annualized January UK CPI ticked down to +1.9% from +2.0%, marking the first time since 2009 that inflation had fallen below the BoE's 2% medium term target. This comes just a week after the hawkish BoE quarterly inflation report, which saw the bank hold firm on its 7.0% unemployment threshold. Note that later in the week, the very frank BoE hawk Martin Weale said Spring of 2015 would be the most likely time for the bank's first rate increase. After hitting 27-month highs above 1.6800 last Friday, cable moved gradually lower all week, ending on Friday around 1.6650.

- On Tuesday the Bank of Japan refrained from further policy easing in the wake of soft preliminary Q4 GDP data out over the weekend, kept its economic assessment unchanged for the sixth consecutive month, and reiterated its outlook on inflation and domestic economy. The BoJ's concession to weak growth was to double funding for the "Stimulating Bank Lending Facility" and the "Growth-Supporting Funding Facility" programs from ¥3.5T to ¥7.0T and to lengthen the term of the loans offered from the facilities. Preliminary Q4 GDP slumped to a one-year low of +0.3%, below the expected +0.7%. USD/JPY was confined to a pretty narrow range between 101.60 and 102.80.

- China February HSBC flash manufacturing PMI fell to a seven-year low of 48.3, below the expected 49.3. The Lunar New Year holiday week contributed to the lower reading, however even with that qualifier, analysts said the data was still too soft following poor January PMI readings. The value of the Chinese Yuan fell 1.3% against the greenback this week, marking the currency's biggest weekly decline since 2011. Most of the move came on Friday, following the PBoC's decision to set a lower fixing against the dollar for a fourth consecutive session. This was seen as an attempt by the PBoC to squeeze positions in offshore markets, where the yuan trades at a premium to onshore markets (as it is not subject to the daily trading band) and investors are heavily leveraged to the further appreciation of the USD/CNY. Offshore yuan plunged as carry trades unwound.

TradeTheNews

Feb 21 2014

Relatively quiet but fairly decent day, with enough winners to make it worth our while.

Session Time: Fri Feb 21 00:00:00 2014
[08:49] {nemo} smells in here again
[08:50] {fish_49} used tampons?    did you shower?
[08:50] {nemo} mmmh fish and feminine products, similar olfactory characteristics
01[08:52] {@Threei}  I see morning warm-up in progress
[08:52] {fish_49} lol
[08:54] {nemo} you call that a warmup, I haven't had to get out of bed yet
01[08:54] {@Threei}  best kind
[09:02] {nemo} mmmhhh...that was a jump in usd/jpy
[09:02] {nemo} breakout
[09:03] {fish_49} gonna be jerky with the G20 going on
01[09:03] {@Threei}  think they matter?
[09:03] {nemo} wow usd really ripping
01[09:04] {@Threei}  what it is they can say that would influence market
[09:04] {fish_49} they could say Booo
[09:06] {fish_49} huh dollar ripping?
[09:06] {fish_49} DX  not much of a move
[09:06] {fish_49} what symbol are you looking at?
[09:09] {fish_49} Vad  exchange rates wont have effect on USD  ?  if countries decide to mess with their rates wont that have affect on USD?
[09:09] {dino} gm
01[09:09] {@Threei}  dino :)
[09:09] {nemo} look at real-time usd/jpy on freestockcharts.com
01[09:09] {@Threei}  I don't think G20 meeting announce this kind of details
[09:11] {fish_49} yea JY  fell but the Dollar futues has not moved significantly yet
[09:12] {fish_49} JY has been in long tern down trend  and just recently bounced on an impulse move up  and is now trying to continue its trend down
[09:13] {darekj} gm all
[09:14] {RonS} hello everyone
01[09:15] {@Threei}  darek, ron :)
[09:18] {fish_49} options expiration day?
[09:19] {dino} y
[09:23] {nemo} spy volume relatively low, spy and IWM setup for up moves, finnies not so much, vix for down move
01[09:30] {@Threei} Short Setup: GM  .60 break hl
01[09:30] {@Threei}  If holds  .70
01[09:31] {@Threei}  1:1
[09:35] {nemo} watching conn, but jerky stock
[09:37] {dino} esrx sm l .28
01[09:39] {@Threei} Short Setup: GLD  .50 break
01[09:39] {@Threei}  If holds  .60
01[09:39] {@Threei}  Fed to Publish Transcripts of 2008 Meetings
01[09:40] {@Threei}  finally
01[09:40] {@Threei}  can't wait
01[09:40] {@Threei}  must be real page turner
[09:40] {RonS} took esrx .10 out .95 +.85 thanks dino
[09:41] {RonS} oof
01[09:41] {@Threei}  nice
[09:43] {dino} gj ron
[09:43] {dino} stop to .39 esrx
01[09:44] {@Threei}  1:2  GM
[09:44] {dino} to 75.28
[09:44] {dino} out esrx 75.28, +2.00
01[09:45] {@Threei}  wtg
[09:45] {RonS} wtg
[09:45] {fish_49} nice
[09:45] {dino} ty
01[09:45] {@Threei}  GM trades the same way as it makes cars... unhurriedly and steady downward
[09:46] {dino} can i go home now? (oh wait, i am home)
01[09:46] {@Threei}  hehe
[09:46] {nemo} those 2008 meetings into 2009 are probably pretty intense
[09:47] {fish_49} market movers for sure
[09:47] {dino} ois drops again
01[09:47] {@Threei}  all I want to know is whether there was any fistfight
[09:48] {fish_49} or shoes thrown
01[09:48] {@Threei}  better yet, yes
[09:49] {dino} shoes thrown, thats funny. i used to do that
01[09:50] {@Threei}  GLD is two-sided
[09:50] {dino} esrx drops again
[09:51] {thomcbell} nemo what do u have for fb pivot
[09:51] {nemo} 68.49
[09:52] {thomcbell} tu
[09:54] {dino} damn missed esrx pullback, wanted 73.50s
[09:56] {dino} lojn spike
[09:59] {dino} mrc hmmm
01[09:59] {@Threei}  *(US) JAN EXISTING HOME SALES: 4.62M V 4.67ME
01[10:01] {@Threei}  let's trail GLD to .54
[10:01] {RonS} ois sm l 93.10
01[10:01] {@Threei}  don't remember it this slow
[10:02] {thomcbell} hpq went red on earning s looking for a short entry
[10:02] {fish_49} you filled on GLD?
[10:02] {RonS} bcor sm l .53
01[10:03] {@Threei}  yes, out
[10:03] {fish_49} you filled on the long side?
01[10:03] {@Threei}  ?
01[10:03] {@Threei}  lost me
01[10:03] {@Threei}  was long on .60 break
01[10:03] {@Threei}  giot out at .54
[10:04] {fish_49} ok
[10:04] {thomcbell} hpq 29.74 break if holding 29.90
[10:04] {thomcbell} only half lot for me
01[10:05] {@Threei} Short Setup: FCX  .75 break
01[10:05] {@Threei}  If holds  .81
[10:06] {thomcbell} hpq 1:1
[10:06] {dino} bcor sm l .50
01[10:10] {@Threei} Short Setup: MCD  .88 break
[10:10] {thomcbell} fb lots of eyes on that pivot
01[10:11] {@Threei}  If holds  .98
[10:12] {RonS} ksu spike
[10:13] {thomcbell} hpq 1:2
[10:13] {dino} bcor wall .85
[10:14] {dino} esrx 75 wall
[10:14] {dino} break might be good entry, should spike
[10:14] {dino} bcor to .85
[10:15] {dino} to .89 stall
[10:16] {dino} ty ron, out bcor .86, +.36
[10:16] {RonS} idiot here...went for a year thinking those price posts were quotes...not realizing it was your stop...
[10:17] {dino} lol, sorry buddy
[10:17] {thomcbell} fb thats a start vad
01[10:17] {@Threei}  think it's ready?
[10:18] {thomcbell} not our settup
[10:18] {nemo} wanted .54 on fb only got to .56
[10:19] {thomcbell} upl 24.42 short break here if holding 24.52
01[10:20] {@Threei}  (US) The Federal Reserve has released transcripts of its 2008 minutes- January meeting PDF: http://www.federalreserve.gov/monetarypolicy/files/FOMC20080130meeting.pdf - September meeting PDF: http://www.federalreserve.gov/monetarypolicy/files/FOMC20080916meeting.pdf
01[10:20] {@Threei}  see you in two weeks
[10:20] {RonS} lol
[10:20] {dino} why 2008 minutes? long gone
01[10:21] {@Threei}  they release them in 5 years traditionally
[10:21] {nemo} history, never before released
01[10:21] {@Threei}  full transcripts of the discussion
[10:21] {dino} and that news? all hail the fed i guess
01[10:22] {@Threei}  well, if we have such new profession as Fed watcher
01[10:22] {@Threei}  there has to be what to watch :)
01[10:22] {@Threei}  flashbacks... trips down memory lane... memoirs...
01[10:23] {@Threei}  Ben making long romantic walk on the beach, hand in hand with Janet...
[10:23] {dino} yellen at her
01[10:24] {@Threei}  Kocherlakota counting stars at midnight...
01[10:24] {@Threei}  Plosser making home brew...
[10:26] {dino} and greenie on the sidelines rolling a fatty
[10:26] {nemo} wow
[10:26] {dino} flashbacks, lol
01[10:27] {@Threei}  lol
[10:27] {thomcbell} phm 20.32 long break if holding 20.22
[10:31] {thomcbell} phm 1:1
01[10:31] {@Threei}  1:1  MCD
[10:32] {fish_49} out FCX
01[10:33] {@Threei}  yep
01[10:35] {@Threei} Short Setup: WMT  73 break
01[10:35] {@Threei}  If holds  .06
01[10:38] {@Threei}  Invalidated
[10:40] {dino} cog gap fill dec
[10:43] {RonS} out bcor 20.15 +.52
[10:44] {RonS} oops .62
[10:44] {dino} gj
[10:46] {thomcbell} fb 69.20 long break vad if holding 69.10?
[10:47] {RonS} out ois 94.15 +1.05
[10:48] {RonS} wow pcyc
01[10:48] {@Threei}  I think so thom
[10:48] {nemo} gdx
[10:49] {thomcbell} out
[10:49] {thomcbell} nemo sold me his stock he bought at pivot
[10:51] {dino} alny spike
[10:53] {thomcbell} fb still looks ok nice little shakeout
[10:53] {dino} gj ron ois
[10:54] {thomcbell} swks nearing pivot
[10:54] {dino} z spike
[10:54] {thomcbell} this one im waitiing for the pattern - dont think you'll get a v bounce like FB
[10:57] {RonS} linta breakout on volume
01[10:57] {@Threei} Short Setup: MCD  .80 break
01[10:57] {@Threei}  If holds  .85
01[10:59] {@Threei}  Invalidated
[11:01] {thomcbell} FB rats vad
01[11:01] {@Threei}  yeah
[11:01] {fish_49} you took it long  right Thom?
[11:02] {thomcbell} i used a 69.09 stop
[11:13] {RonS} dino, watching rgr here...
01[11:13] {@Threei} Long Setup:  GM  .25 break
01[11:13] {@Threei}  If holds  .15
01[11:16] {@Threei}  1:1
[11:17] {fish_49} got .36
01[11:17] {@Threei}  love it when they behave like this
[11:18] {RonS} took +.12 gm thanks 3i
01[11:18] {@Threei}  :)
01[11:18] {@Threei}  ese size?
[11:19] {RonS} mini-me ese...  :)
01[11:19] {@Threei}  hehe
[11:20] {RonS} nutz wanted rgr 68.20...
01[11:24] {@Threei}  The Ukraine situation seems to have been resolved for now
01[11:24] {@Threei}  good luck with that
[11:25] {fish_49} whatch CNN tonight and follow the praise for Obama
01[11:26] {@Threei}  I can't believe how far from reality he coverage is
01[11:26] {@Threei}  Armstrong seems to be the only one who got it right
01[11:27] {@Threei}  he = the
[11:29] {RonS} wtw losing weight...
01[11:30] {@Threei}  whew... all is good in the world
01[11:30] {@Threei}  Ron is back
[11:35] {RonS} esrx acting like it wants to run the $73 stops...
[11:42] {dino} esrx smr l .70
01[11:42] {@Threei}  stop .29
01[11:46] {@Threei}  The implicit tax rate associated with Obamacare will reduce employment by an equivalent of 2.5 million jobs
01[11:47] {@Threei}  Ukrainian parliament votes to allow release of jailed opposition figure Yulia Tymoshenko
01[11:48] {@Threei}  wow... just 3 years in jail... she is no Mandela
01[11:51] {@Threei}  1/4 more out GM
01[11:51] {@Threei}  stop to.34
[11:51] {dino} back in 30
01[12:11] {@Threei}  stop to .39
[12:21] {fish_49} Obama won't Cut Social Security.  
[12:21] {fish_49} that was a no brainer.  Social Security pays for itself  if the Greedy Politicians would leave their hands off of it.
[12:22] {fish_49} Why is there always money for welfare but never money for social security
01[12:22] {@Threei}  may I as a Canadian have my share
[12:22] {fish_49} Dino you around?
01[12:23] {@Threei}  31 min since he left
01[12:23] {@Threei}  32
[12:23] {fish_49} oh  I thought he was getting back in GM at .30
[12:23] {fish_49} lol
01[12:23] {@Threei}  rofl
01[12:24] {@Threei}  that reminds me an exchange I once saw in some forum
01[12:25] {@Threei}  someone asked what BRB meant
[12:25] {fish_49} One thing I am glad about  with Obama..  He snubbed nose at china and met with Dalai Lama
01[12:25] {@Threei}  answer was: That's what vampires write on their tombstones
[12:26] {fish_49} Bring your own blood?
[12:27] {dino} y
[12:27] {dino} had to show a house. back now
[12:27] {fish_49} bad weather up there?
[12:27] {dino} rain
[12:27] {fish_49} Tornado Watch here  in February
[12:28] {dino} don't think we have to worry about that
01[12:34] {@Threei}  if nemo were a pirate: https://www.facebook.com/georgehtakei/photos/a.737221629640626.1073741825.205344452828349/880001605362627/?type=1&theater
[12:35] {fish_49} look below that  Vad
[12:35] {fish_49} More in line with Nemo
[12:35] {fish_49} Gammer Police
01[12:35] {@Threei}  lol
[12:36] {dino} nrp drop
[12:42] {fish_49} hmmmm who's turn was it to watch FB
[12:42] {fish_49} .35 break with a .46 stop
[12:44] {fish_49} out
01[12:45] {@Threei}  wtg
[12:47] {thomcbell} good one fish
01[13:00] {@Threei} Short Setup: FB  .20 break hl
01[13:00] {@Threei}  If holds  .30
01[13:06] {@Threei}  meh
[13:08] {dino} axll sm l .40
[13:19] {dino} bks spike
[13:20] {dino} halt
01[13:20] {@Threei}  BKS G Asset Management Announces Proposal to Acquire a Controlling Interest in Barnes & Noble that Values the Company at $22 per Share
[13:20] {dino} wow 22
[13:25] {RonS} Fidelity headline saying $20...
01[13:32] {@Threei}  (UR) Reportedly officials in Ukraine region of Crimea to discuss possibly declaring independence from Ukraine - Russian press
[13:34] {fish_49} is that a good thing or bad thing if they become their own nation?
01[13:35] {@Threei}  whole ukraine might be on the verge of breaking up
01[13:36] {@Threei}  Crimea is Russian-majority region
[13:39] {fish_49} is it bad or good?
[13:39] {fish_49} California wants to break up into 6 seperate states but it's not a bad thing
01[13:39] {@Threei}  this is not in good or bad categories
01[13:40] {@Threei}  this is division of the country that was a whole for about 100 years
[13:40] {fish_49} Civil War
01[13:40] {@Threei}  but there are deep cultural divisions
[13:41] {dino} bks open
[13:41] {fish_49} yea I was watching Dino
[13:41] {RonS} start reading then?
[13:41] {fish_49} it didn't behave as I would have expected
[13:42] {dino} seems they don'r belive bid coming
[13:42] {dino} r=t
[13:42] {fish_49} don't*
[13:43] {fish_49} don't worry the Grammer Police  (Nemo Toad)  is sleeping
[13:43] {RonS} know what Texans would say?...
[13:43] {fish_49} ?
[13:43] {fish_49} tell us Ron
[13:43] {nemo} watching the hockey finals
[13:43] {RonS} guess no bidness then...
[13:44] {fish_49} lol
[13:44] {fish_49} Your Texan?
[13:44] {nemo} "you're"
[13:44] {RonS} nah, spent way too much time there...
[13:44] {fish_49} God I hated West Texas
[13:44] {fish_49} spent a year there on week
[13:44] {RonS} moonscape...
[13:45] {fish_49} good point  Nemo
[13:45] {RonS} eastern new mexico even worse...
[13:45] {nemo} DC is the worst
[13:45] {fish_49} You are or You're  much different than Your
[13:45] {nemo} followed by Cambridge
[13:45] {RonS} then there is yore...
[13:46] {fish_49} what about You ins
[13:46] {fish_49} U ins
[13:47] {dino} yutes
[13:48] {RonS} during monicagate heard clinton didn't have sexual relations since in arkansas it means "sex with your relations"...
[13:48] {fish_49} she wasn't related?
[13:48] {dino} lol
[13:49] {RonS} little rock is a gawdawful place...
[13:50] {fish_49} Forrest City bad also
[13:50] {RonS} not one single major hotel there...
[13:50] {fish_49} Markets slowly deteriated
[13:50] {RonS} which one...must be 20 int te US...
[13:50] {RonS} in the
[13:50] {RonS} G Asset offers to buy 51 percent stake in Barnes & Noble or Nook
[13:51] {RonS} G Asset's offer values book retailer at $22/share
[13:52] {dino} axll stop -.25
01[13:56] {@Threei}  hmmm... that's an interesting Freudian slip:
01[13:56] {@Threei}  (US) Fed's Fisher (hawk, FOMC voter): remains a strong proponent of tapering- Furrently providing more than enough accommodation
[13:57] {RonS} hmmm...G Asset...is that a gay nympho?...
01[13:59] {@Threei}  can't get through to Canada by the phone? This is why:
01[13:59] {@Threei}  https://www.facebook.com/photo.php?fbid=611615692242668&set=a.133225540081688.24955.109133022490940&type=1&theater
01[14:08] {@Threei}  MU
01[14:08] {@Threei}  getting interesting
01[14:08] {@Threei}  why didn't I see it at .10 for short...
01[14:11] {@Threei} Long Setup:  MU  .75 break
01[14:11] {@Threei}  If holds  .65
[14:16] {thomcbell} any news on this move in mu?
[14:16] {nemo} look at the daily
01[14:17] {@Threei}  no news
[14:17] {RonS} ...summer is saved...
[14:23] {goinshort} out MU took it at .72  thanks!
01[14:23] {@Threei}  :)
[14:28] {dino} gotta hop for 45 or so
01[14:28] {@Threei}  stop to .69
[14:28] {RonS} aerobics workout?
01[14:28] {@Threei}  should have been at 1:2 by now
01[14:28] {@Threei}  lol ron
01[14:29] {@Threei}  dino doing jumping jacks
01[14:29] {@Threei}  someone put my eyes out
[14:29] {nemo} market dragging it along with the profit taking of last earnings announcement
[14:30] {thomcbell} ubnt vulnerable here
01[14:30] {@Threei}  yeah
[14:35] {thomcbell} vad us still there mu?
[14:36] {nemo} hasn't dropped .65
01[14:36] {@Threei}  I dumped it
01[14:36] {@Threei}  personal preference
01[14:36] {@Threei}  to my taste, it drags its feet too long
[14:38] {thomcbell} yes i trailed closely
[14:38] {thomcbell} once it went thru 0.80
[14:38] {thomcbell} felt there was potentially something larger going on
[14:38] {thomcbell} in market
01[14:40] {@Threei}  nemo
[14:40] {nemo} Vad
01[14:40] {@Threei}  please... shoot me
01[14:40] {@Threei}  Lawyers are arguing over whether videos of Justin Bieber urinating should be exempt from public viewing.
[14:41] {nemo} I think it's worth nuking Canada for
01[14:41] {@Threei}  either I relocate to different planet or shoot me here
01[14:42] {@Threei}  I don't even care about making it fast and painless... nothing can be more painful than this
[14:42] {fish_49} Not yet
01[14:42] {@Threei}  atrcile title is even better:
01[14:42] {@Threei}  Lawyers at odds over a view of Bieber's privates
[14:42] {nemo} I'll bring the 12 gauge
01[14:42] {@Threei}  {--- crying
[14:43] {fish_49} Beiber is a General?  How did he get Privates
[14:44] {fish_49} final notice options expire
[14:49] {thomcbell} SWKS looking to buy next pullback to 32.74ish
[14:55] {thomcbell} mu 24.65 long break vadym or is it refuse?
01[14:56] {@Threei}  chartsa is right... problem is, it's the same chart that failed last time around
01[14:56] {@Threei}  still, worth as try
01[14:56] {@Threei}  a
[15:02] {nemo} look for it to fail before .80
[15:03] {RonS} outta here...good weekend to all...congrats to the Canuckian hockey pucks...now go bottle up that freakin Artic...   ;)
[15:03] {nemo} didn't know they were Armenian
01[15:03] {@Threei}  yesss
01[15:03] {@Threei}  out
01[15:03] {@Threei}  .81
[15:03] {thomcbell} 1:2 vadym
01[15:03] {@Threei}  take care ron
01[15:03] {@Threei}  and hey
01[15:03] {@Threei}  you get to keep Bieber
[15:04] {RonS} sheesh...
01[15:04] {@Threei}  sorry... but that was the wager
[15:06] {goinshort} Sweet call on MU !!!
[15:06] {nemo} Farley took mu .65 long
01[15:06] {@Threei}  so did we
[15:07] {goinshort} took it at .69
[15:13] {nemo} his sarcasm makes me look sweet
[15:13] {fish_49} You mean Alan Farley?
[15:13] {nemo} yep
[15:14] {thomcbell} no longer interested in swks - it didnt happen as planned
[15:15] {fish_49} Ask him if he will autograph his book for me
[15:15] {fish_49} lol
[15:15] {nemo} look at the daily Thom, it's extended, and been weak all day unable to recover vwap, who in their right mind will bid it up today
[15:15] {nemo} especially given the markets
[15:15] {nemo} Les would
[15:16] {fish_49} man Les is not here  thats cold
[15:16] {fish_49} you really are a cold toad
[15:16] {thomcbell} mu 1:3
[15:16] {nemo} you have know eye deer
[15:17] {fish_49} cousin of John Dear?
[15:17] {fish_49} lol
[15:17] {nemo} vwap thom
[15:20] {nemo} mu looks like gonna' come in
[15:20] {dino} esrx to .12
[15:21] {thomcbell} tu
[15:21] {nemo} what's ur stop
[15:22] {fish_49} markets coming back
[15:22] {nemo} vwap run
[15:23] {goinshort} esxr
[15:23] {nemo} at price resistance though
[15:25] {thomcbell} nice to see mu has a pulse today
[15:25] {thomcbell} its been dead
[15:26] {nemo} look where it bottomed on the daily
[15:26] {thomcbell} 1:5
[15:26] {thomcbell} prior resistance
[15:27] {nemo} see that earnings announcement high?
[15:27] {thomcbell} yup
[15:27] {nemo} within the proverbial pube
01[15:35] {@Threei} Short Setup: GLD  .65 break
01[15:35] {@Threei}  If holds  .71
[15:36] {dino} esrx to .20
[15:38] {thomcbell} vad FB 68.74 short break if holding 68.84
[15:38] {thomcbell} have to think some are caught long
01[15:38] {@Threei}  me likey
[15:40] {nemo} long time
01[15:41] {@Threei}  1:1 FB
[15:41] {dino} uot esrx .20, +.50
[15:44] {dino} lol out
01[15:46] {@Threei}  I don't know dino... I like uot
[15:47] {dino} me too
[15:50] {fish_49} have a good weekend
[15:50] {dino} u2 fish
01[15:51] {@Threei}  thank you all
01[15:51] {@Threei}  have a great weekend, see you Monday
[15:51] {thomcbell} oh come on Fat Boy
[15:51] {thomcbell} FB
[15:51] {darekj} see you
[15:51] {thomcbell} thought it had more in it than 0.19 cents
[15:51] {thomcbell} good weekend all
[15:54] {dino} gn all
[15:55] {goinshort} cya monday

Feb 20 2014

Classic Cup and handle setup, right from the pages of 111 Trades: http://www.realitytrader.com/111trades.html  

With a few more nice juicy trades, very nice day.

Session Time: Thu Feb 20 00:00:00 2014
[09:04] {dino} gm
[09:04] {fish_49} gm Dino
01[09:04] {@Threei}  dino, fish :)
[09:04] {fish_49} Vad
[09:05] {fish_49} nothing bad or good in the numbers
01[09:09] {@Threei}  Mt. Gox continues to crumble. Bitcoin has dropped from $950 to $150 in only 20 days on that exchange
[09:10] {fish_49} forgive my ignorance  to bitcoin value  but  can it have a different value on different exchanges?
01[09:11] {@Threei}  considering how its virtue is being decentralized, I wouldn't be surprized
02[09:17] * Disconnected
Session Close: Thu Feb 20 09:17:10 2014
09:33) Threei: Long Setup GDX .80 break
09:35) thomcbell: swks very strong
09:35) Threei: 1:1
09:36) fish_49: ty vad
09:36) Threei: yw
09:37) Threei: FB is insane
09:39) Threei: main room is back up
Session Start: Thu Feb 20 09:17:10 2014

[09:40] {darekj} gm all
01[09:40] {@Threei}  morning darer
[09:40] {fish_49} gm DJ
01[09:40] {@Threei}  you didn't get e-mail about reserve room?
[09:40] {darekj} no
[09:40] {fish_49} I didn't get it either until you replied to my message saying room was down
[09:41] {fish_49} Toad told me about it
01[09:41] {@Threei}  check your junk box
01[09:41] {@Threei}  and bookmark it for the future, http://www.realitytrader.com/tradingroom/reserve.html
[09:42] {fish_49} nothing in junk mail except porn   wonder why that is going  to junk box  damn  I need to fix that
01[09:43] {@Threei}  I didn't reply to your e-mail fish, that one that you got is the one that eas sent to everyone
[09:43] {fish_49} ahh ok
[09:43] {nemo} I'm gonna leave that one alone...say thank you Fish
[09:43] {fish_49} thank you fish
[09:44] {nemo} go preen your fins in the mirror
01[09:44] {@Threei}  FB should be ready very soon
01[09:46] {@Threei}  nah, moves faster than can type alert
[09:46] {fish_49} for continued break down?
01[09:47] {@Threei}  .50 break was bounce trigger
01[09:48] {@Threei}  MVIS Hearing recent strength attributed to circulation that Sony is to use the company's PicoP technology
[09:48] {fish_49} too fast for me  I will watch and learn
01[09:48] {@Threei} Short Setup: C  .20 break
01[09:48] {@Threei}  If holds  .30
01[09:53] {@Threei}  frikin GDX repeated setup
03[09:53] * Retrieving #discussions modes...
01[09:53] {@Threei}  1:1  C
01[09:55] {@Threei}  1:2
[09:56] {nemo} numbers
01[09:56] {@Threei}  scents
[09:56] {nemo} it's the fish
[09:57] {fish_49} dont blame me if you make money
01[09:57] {@Threei}  I thought we were just saying random words
[09:57] {nemo} I blame you for contributing to the Federal deficit
[09:57] {fish_49} naking money is random  to me
[09:57] {fish_49} making*
01[09:58] {@Threei}  you are in second winning trade today
[09:58] {fish_49} got out  +0.08
01[09:58] {@Threei}  why??
[09:58] {nemo} fear
[09:58] {fish_49} bad fill and fear  yes
01[09:59] {@Threei}  *(US) FEB PHILADELPHIA FED BUSINESS OUTLOOK: -6.3 V 10.0E
[09:59] {nemo} bad numbers I guess
[10:00] {fish_49} just a little
[10:00] {fish_49} lol
01[10:00] {@Threei}  *(US) Q4 MBA MORTGAGE DELINQUENCIES: 6.39% V 6.41% PRIOR; MBA MORTGAGE FORECLOSURES: 2.86% V 3.08% PRIOR
[10:00] {fish_49} thats good
01[10:00] {@Threei}  out in full
01[10:00] {@Threei}  1:3 is close enough
[10:01] {darekj} ty Vad
[10:02] {dino} yndx smr l .60
01[10:02] {@Threei}  yw
01[10:06] {@Threei} Long Setup:  JPM  .50 break
01[10:06] {@Threei}  If holds  .40
01[10:06] {@Threei}  change to .40 break
01[10:06] {@Threei}  If holds  .33
01[10:07] {@Threei}  no go
01[10:08] {@Threei}  Obama warns of consequences for Ukraine if violence continues
01[10:08] {@Threei}  Syria: oh yeah?
[10:08] {fish_49} what will he do?
[10:09] {fish_49} install a democrocy?
01[10:09] {@Threei}  issue another warning would be my guess
[10:10] {dino} out yndx .10, +.50
01[10:10] {@Threei}  wtg
[10:10] {fish_49} Dino  GJ  DCC
01[10:11] {@Threei}  somg C
[10:15] {RonS} comment yesterday..."the only one afraid of American power is Obama..."
[10:15] {fish_49} why somg  on C  Vad  it paid you well
01[10:15] {@Threei}  sorry... JPM
01[10:16] {@Threei}  rinse
[10:16] {fish_49} ok I learned  to love  C  so I never call it names
01[10:16] {@Threei}  lol
01[10:16] {@Threei}  now you need to stop worry
[10:21] {fish_49} wmt  s  break of .20?
[10:21] {fish_49} no good place for stop except .37
01[10:21] {@Threei}  yeah... not sure
[10:23] {dino} ccoi sm l .78
01[10:26] {@Threei} Short Setup: GLD  .75 break
[10:26] {dino} bjri sm l .60
[10:26] {fish_49} missed it
01[10:26] {@Threei}  that was fast
01[10:30] {@Threei} Long Setup:  IWM  .65 break
01[10:30] {@Threei}  If holds  .55
01[10:31] {@Threei}  1:1
[10:31] {thomcbell} lly 58 long break if holding 57.95
01[10:32] {@Threei}  too bad GLD didn't leave time to get in... 1:2
01[10:32] {@Threei}  1:2  IWM
01[10:33] {@Threei}  fish, tell me you kept this one for more than scalp
[10:33] {fish_49} I wished I could say that
01[10:33] {@Threei}  come on
[10:33] {fish_49} the truth is I was pouring a cup of coffee and missed it
[10:34] {thomcbell} lly no go
01[10:34] {@Threei}  man...
01[10:34] {@Threei}  I am about to cry
[10:34] {fish_49} me too
[10:34] {fish_49} ever see a fish cry?
01[10:34] {@Threei}  can you move that fucking coffeemaker closer to trading desk?
01[10:34] {@Threei}  it costs you too much
[10:34] {fish_49} well I usually have the wife bring it  but she was busy cleaning
[10:34] {fish_49} lol
[10:36] {fish_49} Trading Plan Mod  Insert "Bring Plenty of Java to Trade Room and Pee in Diaper if needed"
01[10:40] {@Threei}  let's try for 1:4 on IWM
[10:40] {dino} bjri stop -.14
[10:40] {fish_49} grrrr
01[10:40] {@Threei}  if SPY breaks .75, momentum should be enough to carry it
01[10:42] {@Threei}  1:3
[10:43] {nemo} just pee in your Depends fish
[10:43] {fish_49} again?
[10:44] {nemo} suck it up, sheesh
[10:48] {nemo} got quiet fast
[10:50] {dino} z gap fill
[10:50] {dino} smr l .00
[10:54] {fish_49} who wins the 11 am battle?
[10:54] {fish_49} Bulls are on top
01[10:54] {@Threei}  1:4
01[10:54] {@Threei}  over and out
[10:57] {thomcbell} nice vad
01[10:57] {@Threei}  ty
[10:59] {dino} gj
01[11:02] {@Threei}  visual: https://upload.facebook.com/RealityTrader/photos/a.237133656321317.63196.235739863127363/724237017610976/?type=1&stream_ref=10
[11:02] {thomcbell} fb might be a 66.60 long break
01[11:07] {@Threei}  better link https://www.facebook.com/RealityTrader/posts/724237370944274
[11:11] {thomcbell} fb invalid obviously
01[11:13] {@Threei} Short Setup: GDX  .20 break
01[11:13] {@Threei}  If holds  .30
[11:15] {dino} sm smr l .69
[11:20] {RonS} ois smack
[11:22] {dino} ois smr l .60
[11:23] {RonS} late post but sm l ois 97.10
[11:23] {fish_49} Vad  Step on GDX  I have a Dentist appointment and need to get ready  lol
01[11:23] {@Threei}  just a sec
06[11:23] * @Threei hits GDX over the head with 2x4
[11:24] {dino} ccoi stop -.30
06[11:24] * @Threei trips GDX and pushes it from the cliff
06[11:24] * @Threei hits GDX in solar plexus with nemo's forehead
[11:24] {fish_49} soft
[11:25] {fish_49} give it a real shove
06[11:25] * @Threei reinforces nemo's forehead with portland cement and repeats solar plexus kick
[11:26] {RonS} out ois 98.40 +1.30
01[11:26] {@Threei}  wtg
[11:26] {fish_49} wow  congrats
[11:26] {RonS} ty
[11:28] {dino} gj
[11:34] {RonS} ois re-load 96.10
[11:35] {dino} reload ois smr l .14
[11:38] {RonS} out ois 97.40 +1.30
[11:38] {dino} wtfg
[11:38] {RonS} ty
[11:38] {dino} still in
01[11:39] {@Threei}  stop to .26
01[11:39] {@Threei}  market lost momo
01[11:39] {@Threei}  out
[11:39] {fish_49} out
[11:47] {fish_49} headed  to Dentist
[11:47] {fish_49} cya tomorrow
01[11:47] {@Threei}  take care fish
[11:47] {nemo} fish has teeth?
01[11:47] {@Threei}  hello?
01[11:47] {@Threei}  heard of sharks?
[11:48] {nemo} thought he was from West Virginia
[11:48] {RonS} seen a 40 lb salmon?
01[11:49] {@Threei}  piranha?
[11:54] {dino} ty ron, out ois 98.14, +2.00
[11:56] {RonS} wtffg...
01[11:56] {@Threei}  beautiful
[11:57] {dino} :-)
[12:02] {dino} ois drop again
[12:07] {nemo} look at mjn's two day run
[12:08] {RonS} hos no bonanza
[12:09] {dino} ois smr l .25
01[12:26] {@Threei}  interesting SPY/IWM divergence
[12:35] {dino} cwei drop
[12:39] {thomcbell} ubnt 50.20 long break if holding 50.10
[12:39] {thomcbell} if it holds 50 i will do 1/2 lot
[12:40] {nemo} Op Ex
[12:43] {thomcbell} was that for me nemo op ex?
[12:46] {dino} they are destroying the smaller oil/gas/energy companies
01[12:52] {@Threei} Long Setup:  IWM  .10 break
01[12:52] {@Threei}  If holds  115
[13:06] {thomcbell} fb wow
01[13:13] {@Threei}  yeah
[13:27] {goinshort} do we still like IWM long?
01[13:28] {@Threei}  if holding 115, yeah
[13:28] {nemo} it'll probably break closer to 2
[13:29] {goinshort} thanks
[13:29] {nemo} it's holding a trend line
[13:35] {nemo} no Thom, just reminding
[13:39] {thomcbell} are you talking about vwap ?
[13:40] {nemo} no, you'll possibly get some funny action in stocks this afternoon and tomorrow depending on where max pain is in the options
01[13:42] {@Threei}  no go IWM
01[13:42] {@Threei}  looked very promising
01[13:45] {@Threei}  you guys better do all you can to win half-final against Canada... losing country has to keep Justin Bieber
[13:46] {RonS} US win means Artic summer...go Canada...
01[13:47] {@Threei}  I dunno Ron... Bibs might be worse
[14:01] {RonS} ...so that's the problem, eh?:  Living in the cold north may be harmful to your marital health: http://bloom.bg/1bn1U6t
01[14:03] {@Threei}  that's why I left Winnipeg and never looked back
01[14:05] {@Threei}  notice that ese is not exactly moving back to saskatchewan either
01[14:06] {@Threei}  although to be fair he has one more reason... no sane person can be expected to spell the name of that province
[14:06] {RonS} lol
01[14:07] {@Threei}  one of the first jokes I heard in Canada was about a British couple traveling through Canada by train
01[14:07] {@Threei}  during a stop wife asked a husband to find out the name of the place where they stopped
01[14:08] {@Threei}  he turned to a guy walking by and asked what the place was
01[14:08] {@Threei}  hearing answer "Saskatoon, Saskatchewan" wife said "hon, try to find someone speaking English?"
[14:08] {RonS} lol
[14:11] {dino} once again, banks are not participating on a 100 up day
01[14:12] {@Threei}  yeah, thinking of shorting C
01[14:13] {@Threei}  just want SPY to dhow reversal
[14:15] {nemo} that was your shakeout, should go now
[14:27] {thomcbell} nemo ubnt has risen in agony and i have made my 0.20 cents
[14:27] {nemo} God Bless ya
[14:27] {nemo} no shorts in the market, no energy
[14:28] {nemo} FB at the top of channel
01[14:33] {@Threei} Short Setup: C  48 break
01[14:33] {@Threei}  If holds  .10
[14:44] {thomcbell} OH UBNT
[15:00] {nemo} spy at breakout again
01[15:02] {@Threei}  language nuances: apparently in Ukrainian "truce" means switching from direct attacks with armored vehicles to snipers' fire from the roofs
[15:02] {fish_49} wow  Nice rally on bad numbers this morning
[15:06] {fish_49} My Neice just said she is angry at Russia
[15:06] {fish_49} no explanation
01[15:06] {@Threei} Short Setup: JPM  .55 break
[15:06] {fish_49} did  something happen while I was geting my tooth cleaned?
01[15:06] {@Threei}  If holds  .65
01[15:06] {@Threei}  not that I know
01[15:07] {@Threei}  but since we are airing random grievances, I hate scented candles
[15:08] {fish_49} no comment from Nemo on getting my tooth cleaned? as in  1  my only tooth?
01[15:08] {@Threei}  when you left, we had extensive disuccion of fish and teetch
01[15:08] {@Threei}  teeth
[15:08] {fish_49} lol
01[15:09] {@Threei}  sufica it to say, sharks, piranhas and 40lb salmon were mentioned
[15:09] {nemo} originally from West Virginia, huh Fish?
01[15:10] {@Threei}  I can't imagine Russia ceeding control over Ukraine to West... it's their soft belly
01[15:10] {@Threei}  ceding
[15:10] {fish_49} thats how I know the tooth brush was invented in west virginia
[15:10] {nemo} soft "under" belly
[15:10] {fish_49} if invented anywhere else they would have named it the teeth brush
01[15:10] {@Threei}  Putin takes it as national security concern
[15:11] {fish_49} Ohh Yo Nah  must have lost in the figue skating
[15:11] {fish_49} thats why neice is angry
[15:11] {dino} azpn spike
01[15:17] {@Threei}  Protesters blocked access to international airport preventing govt officials from leaving country
01[15:19] {@Threei} Long Setup:  FB  .40 break hl
01[15:19] {@Threei}  If holds  .30
[15:20] {fish_49} missed it
[15:20] {nemo} it's a boredom trade
[15:20] {fish_49} JPM slow  to drift down  lol
01[15:21] {@Threei}  .42 was easy fish
01[15:21] {@Threei}  you are doing something wrong
01[15:21] {@Threei}  1:1
01[15:21] {@Threei}  nemo, you are boredom trade
01[15:21] {@Threei}  and it gave second chance too
[15:22] {fish_49} .42?  if I hit buy on .42 I would have filled at .44 and thats half way to 1:1
01[15:22] {@Threei}  huh?
01[15:22] {@Threei}  you hit .42 limit buy when .40 is broken
01[15:23] {@Threei}  1:2
[15:23] {fish_49} yea  by the time I got there it was trading at .42 or .43
[15:23] {dino} azpn s .78
[15:24] {fish_49} limit buy with +.02  would have been a bad fill
01[15:24] {@Threei}  it wasn't particularly fast on breakout...
[15:24] {fish_49} Im in the JPM trade
[15:24] {nemo} pretty thick trader, fb would fill pretty close to trigger
01[15:26] {@Threei}  1:3  FB  out
[15:26] {dino} gj
01[15:26] {@Threei}  not bad for boredom trade
[15:26] {nemo} nope...probably go to R3
01[15:26] {@Threei}  and I hate scented candles
[15:27] {thomcbell} fb is a shocking display today
01[15:27] {@Threei}  1:4
[15:27] {fish_49} rub it in
01[15:27] {@Threei}  count on me
[15:27] {thomcbell} and to see where ddd is after that earnings miss
[15:27] {thomcbell} its a bull market until it isnt
[15:27] {darekj} ty Vad
[15:27] {fish_49} trend is your friend until the bend in then end?
01[15:28] {@Threei}  darek :)
[15:28] {nemo} There hasn't been a serious pullback since Nov. 2012
[15:28] {dino} btfd
[15:28] {fish_49} yes CC9
01[15:28] {@Threei}  there must be a spot for BOHICA in there somewhere, fish
[15:29] {fish_49} I'm gonna send you an email later after market  VAD  you will then know  why I have some fear  lol
[15:30] {dino} money lives on the other side of fear
01[15:30] {@Threei}  right...
01[15:30] {@Threei}  whatever the reason is, you havr to let the trades work
01[15:30] {@Threei}  if you grab 8 cents profit on 1:3er, what is going to compensate for 10 cents stop?
[15:31] {fish_49} agree
[15:46] {fish_49} stop still .65  on JPM?
01[15:46] {@Threei}  .61
[15:48] {fish_49} out
[15:50] {dino} axe spike
[15:52] {dino} axe crazy
01[16:00] {@Threei}  thank you, have a great evening
01[16:00] {@Threei}  see you tomorrow