Feb 14 2014

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

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



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

Feb 13 2014

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

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

Feb 12 2014

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

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

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

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

Feb 11 2014

Somewhat back and forth day; many wins, most of which were scalps with three 1:2ers on top; stops were for the most part 5-7 cents but there were a bit more of the rinses than we'd like.

Session Time: Tue Feb 11 00:00:00 2014

[08:39] {dino} gm vad

01[08:47] {@Threei}  morning dino

01[08:51] {@Threei}  I see Yellen masterfully said nothing

[08:59] {dino} it was expected

[09:05] {RonS} gm guys...big news here...son-in-law got the DVA job so all here sometime in March...the guy is good...they are paying for the move and getting more $$ than making now

[09:06] {nemo} most cool

01[09:06] {@Threei}  congratulations Ron :)

[09:06] {thomcbell} ditto

01[09:06] {@Threei}  I just wanted to ask whether there was any news on that

[09:07] {dino} congrats ron

01[09:09] {@Threei}  now, how can we drag Montreal to the west coast, bumping vancouver further inland and leaving french people where they are...

01[09:09] {@Threei}  that would accomplish the same goal for me :)

[09:09] {nemo} it's colder further inland

01[09:10] {@Threei}  what do I care

01[09:10] {@Threei}  I want montreal in place of vancouver, since my daighter is not likely to leave it for the next 3 years

[09:10] {nemo} oh, you want to stay on the Island

01[09:10] {@Threei}  of course

[09:10] {nemo} she in school?

01[09:11] {@Threei}  yes

01[09:11] {@Threei}  returned to it to change profession

[09:12] {RonS} dino, zts beat...

01[09:13] {@Threei}  and I have to say, lifestyle wise if you like Montreal it's difficult to accept any other city in Canada

[09:16] {dino} lowers guidance zts

[09:16] {dino} watching blox, rax, viab

[09:16] {dino} plus yesterdays

[09:17] {RonS} blox really bad guide...rax the ticket imo, ceo retiring...

[09:17] {dino} maybe some march calls on blox

[09:19] {dino} rax 35.40 area pm s

[09:21] {thomcbell} what does that mean pm s

[09:22] {RonS} premarket short maybe?

01[09:22] {@Threei}  whew... that's a relief, vs what I thought

[09:23] {RonS} lol

[09:24] {ese} morning.....man am i tired.....and crap was it cold in Red Deer yesterday

01[09:25] {@Threei}  hey ese

[09:25] {ese} morning vad

[09:25] {munky} morn

01[09:25] {@Threei}  munky :)

01[09:25] {@Threei}  too bad you had to leave early yesterday

01[09:26] {@Threei}  every trade since then was a winner

[09:26] {ese} minus 37 for a brief period of time yesterday in red deer.........then into a heat wave in Calgary of -19

[09:26] {munky} i know, i read the log

[09:26] {munky} and i had a down day 

01[09:27] {@Threei}  well, not that we had a stellar one

01[09:27] {@Threei}  just recovered

01[09:27] {@Threei}  C and FB look like short candidates to me

[09:28] {munky} u see rax down 4

[09:28] {dino} blox gap fill last june

[09:28] {dino} ron, no, premarket support i meant on rax

01[09:29] {@Threei}  earnings, guidance, downgrade

[09:29] {dino} -5 f here at 6 am, going to -10 f tonight

01[09:29] {@Threei} Short Setup: FB  .80 break hl

01[09:30] {@Threei}  If holds  .85 

01[09:30] {@Threei}  1/2 meh

01[09:31] {@Threei} Long Setup:  MU  .95 break

01[09:32] {@Threei}  If holds  .85 

01[09:33] {@Threei}  frikin FB

01[09:33] {@Threei}  1:1  

01[09:34] {@Threei}  oh come on FB

[09:34] {dino} dwre

[09:35] {thomcbell} x 

01[09:36] {@Threei}  yeah, watching for pullback

[09:37] {munky} big pop twtr

01[09:37] {@Threei}  around .40

[09:38] {munky} twtr pop then fb follow

01[09:38] {@Threei} Short Setup: C  .10 break

01[09:39] {@Threei}  If holds  .16 

[09:39] {thomcbell} CHEVRON....BREAKING: Explosion occurred just after 7 a.m. at Chevron drilling site in Dunkard Township. Blaze continues to rage, officials say

[09:39] {thomcbell} u see this guys 

01[09:40] {@Threei}  no

[09:40] {dino} rax pulp. smr l .49

01[09:40] {@Threei}  nothing on my wire

[09:40] {dino} no go stop .19 -.30

[09:41] {RonS} grpn

[09:43] {dino} rax smr l .83

01[09:43] {@Threei}  that's some bounce FB

[09:43] {munky} look at twtr too

[09:43] {thomcbell} bananas 

01[09:44] {@Threei}  cover half C

01[09:44] {@Threei}  stop .11

[09:45] {thomcbell} x 25.55 short break if holding 25.65

[09:46] {RonS} nihd l 3.19

[09:46] {thomcbell} invalid x

[09:48] {thomcbell} fxi up big but stocks not doing well

01[09:48] {@Threei} Long Setup:  X  .75 break

01[09:49] {@Threei}  If holds  .65 

01[09:49] {@Threei}  if it doesn't want to pull back...

01[09:50] {@Threei}  nah

01[09:53] {@Threei} Short Setup: FB  64 break hl

01[09:53] {@Threei}  If holds  .10 

01[09:56] {@Threei}  1:1  

01[09:58] {@Threei} Long Setup:  EBAY  .85 break

01[09:58] {@Threei}  If holds  .75 

01[09:59] {@Threei}  Invalidated  

01[10:00] {@Threei}  *(US) DEC WHOLESALE INVENTORIES M/M: 0.3% V 0.5%E; WHOLESALE TRADE SALES M/M: 0.5% V 0.7%E

[10:00] {RonS} wbmd needs doctor

01[10:01] {@Threei}  I wanted to laugh Ron, but then remembered how you ignored me calling P 3.14 yesterday...

01[10:02] {@Threei}  sheesh FB

01[10:03] {@Threei} Long Setup:  YHOO  .60 break

01[10:04] {@Threei}  If holds  .55 

[10:07] {dino} prlb smr l .70 gappy/hooker

01[10:09] {@Threei}  half out YHOO

01[10:10] {@Threei}  oh come on... something should be more than a scalp today

[10:12] {RonS} wbmd sm l 42.20

01[10:16] {@Threei} Short Setup: TWTR  .60 break hl

01[10:16] {@Threei}  If holds  .70 

[10:18] {thomcbell} vxx day low

[10:18] {nemo} into the gap

[10:18] {nemo} 50 day is 44.60ish

01[10:18] {@Threei}  Invalidated  

01[10:20] {@Threei} Long Setup:  QCOM  .15 break

01[10:20] {@Threei}  If holds  .05 

[10:20] {dino} wbmd sm l .56

01[10:21] {@Threei}  used to hate trading QCOM... let's see if it changed its wicked ways

01[10:23] {@Threei}  stop to .09

[10:23] {munky} looking for more  than scalp qcom?

01[10:23] {@Threei}  hopefully

01[10:23] {@Threei}  1:1  

01[10:24] {@Threei}  slow climb

01[10:24] {@Threei}  SPY is strong

01[10:24] {@Threei}  should be capable of more

[10:34] {thomcbell} len 40.61 long break if holding 40.50

[10:35] {thomcbell} and mu 24.75 long break

01[10:37] {@Threei} Long Setup:  BBY  .25 break

01[10:37] {@Threei}  If holds  .20 

[10:38] {dino} rax last try smr l .25

[10:41] {RonS} out wbmd 44.20 +2.00

01[10:41] {@Threei}  wtg

[10:41] {thomcbell} len invalid

01[10:41] {@Threei}  that's some healing power

01[10:42] {@Threei}  too bad, LEN setup looked promising

01[10:42] {@Threei}  ok QCOM, you had your rest.... time to move

[10:42] {thomcbell} i still like it 

[10:42] {thomcbell} if it can hold 40.50 

[10:42] {thomcbell} but i cancelled order for now

[10:43] {RonS} A+ for corneyness...

01[10:44] {@Threei}  ty

[10:44] {nemo} rax

[10:46] {munky} wheres fish been?

[10:47] {thomcbell} kog - 11.04 long break if holding 11

[10:47] {nemo} ice fishing

01[10:47] {@Threei}  her is back on Thursday

[10:47] {munky} hes pretty good w/computer tech

[10:47] {nemo} whatsa' matter munky?

01[10:48] {@Threei}  14:43] {fish_49} gota run See you guys late next week

[10:48] {munky} cant trade worth a sh@t is all

01[10:49] {@Threei}  QCOM is honestly trying

01[10:50] {@Threei}  bitcoin/us dollar New York-based hedge fund NYSO HEDGE will accept bitcoin for all transactions - tech blogs

[10:50] {munky} yeap good one, bby dog tho

01[10:50] {@Threei}  I don't get it... are they serious with this bitcoin crap?

[10:51] {dino} me neither

[10:51] {nemo} I think I'll go tulip shopping

01[10:53] {@Threei}  I can't see how it can end any different than in big grief

[10:54] {thomcbell} selling mu here 24.74

[10:54] {thomcbell} market too jumpy

01[10:55] {@Threei}  meh BBY

01[11:00] {@Threei}  stop to .19 QCOM

01[11:01] {@Threei}  1:2  

01[11:01] {@Threei}  wow... something is finally not a scalp

01[11:01] {@Threei}  frikin BBY... there is nothing beyond that bed and bath

01[11:04] {@Threei}  feeling better munky?

[11:05] {munky} well..... 

[11:05] {RonS} bbby is bed bath and beyond...bby best buy...

[11:06] {munky} tghey both suk banana 

01[11:06] {@Threei}  then there is BBRY

01[11:06] {@Threei}  which is a banana sucker in its own league

[11:10] {RonS} hilarious

01[11:11] {@Threei}  you are just saying that

[11:13] {munky} what the F was that 

[11:14] {nemo} ford

[11:14] {munky} takes freakin 2 hours to go up .then 2 seconds

01[11:14] {@Threei}  no news

01[11:15] {@Threei}  so, I'd say QCOM only partially vindicated itself

01[11:15] {@Threei}  1:2 is a decent performance for it, especially considering how quiet the day is, but this drop is one of the things I hated about it

[11:19] {thomcbell} here is the 50sma test on SPY

[11:19] {thomcbell} djia still far away

[11:19] {thomcbell} same with rut

01[11:22] {@Threei}  - Anybody expecting newly-installed Fed Chair Yellen to back off on tapering QE is disappointed this morning. Yellen's firm embrace of the Bernanke status-quo, plus the collapse of the House GOP's desperate attempt to extract concessions for a debt ceiling increase are encouraging risk appetite.

01[11:22] {@Threei}  - Yellen's prepared remarks before Congress this morning were unremarkable. Yellen pledged her support for current FOMC policy and emphasized that there would be a great deal of continuity in monetary policy - which the market understands to mean that the taper will continue unchanged.

[11:25] {thomcbell} kog 1:1

[11:25] {thomcbell} it took full firehose to get there 

01[11:28] {@Threei}  LEN... sheesh

[11:29] {thomcbell} i was watching i guess there was a pattern failure somewhere in there on bear side 

01[11:29] {@Threei} Long Setup:  CAT  .05 break

01[11:29] {@Threei}  If holds  .95 

[11:29] {thomcbell} but othere than that not eeasy 

01[11:33] {@Threei}  no go

01[11:33] {@Threei}  time to back off breakouts

[11:34] {RonS} wow lucky sell wbmd

01[11:35] {@Threei}  yeah

01[11:37] {@Threei} Short Setup: LEN  .80 break

01[11:37] {@Threei}  If holds  .90 

[11:39] {thomcbell} y just thought same thing 

01[11:39] {@Threei}  let's see if LEN thinks the same thing :)

[11:40] {thomcbell} it may think its two sided

01[11:40] {@Threei}  it needs some shrink sessions then

01[11:42] {@Threei}  ok LEN... know thyself

01[11:43] {@Threei}  and drop

01[11:43] {@Threei}  nice clean double top

01[11:43] {@Threei}  and don't even think of being a scalp

01[11:45] {@Threei}  1:1  

[11:46] {thomcbell} out balance on kog

01[11:46] {@Threei}  thom, LEN agreed with us

[11:49] {thomcbell} yes 

01[11:50] {@Threei}  come on LEN, you can do more

01[11:50] {@Threei}  be more

01[11:51] {@Threei}  it might need some kind of motivational speech

01[11:52] {@Threei}  spread your wings like a butterfly, LEN... and drop like a stone

01[11:58] {@Threei}  CAT... bastard

01[12:09] {@Threei}  1:2  LEN 

01[12:10] {@Threei}  told ya... motivational speeches work

[12:17] {munky} rax was short de jour

[12:22] {dino} rax strange, beats, ceo retires, drops 17%

[12:27] {RonS} ya but they announced direction towards new business model...

[12:27] {RonS} ceo is 47...lucky bastard...

[12:29] {RonS} nus

[12:29] {RonS} hlf

01[12:31] {@Threei}  Nu Skin Enterprises, Inc Strength attributed to Chinese press report suggesting probe by China authorities will not result in substantial repercussions; suggests officials will ask MLM firms to set up a fund to help victims of marketing schemes- The article seems to indicate that a senior official at the Chinese Fair Trade Commission said that his agency wants multi-level marketing firms (MLMs) to establish a foundation to help victims.

[12:32] {RonS} so...just a normal 3rd world shakedown...

[12:32] {dino} pretty much

[12:33] {RonS} victims = official's kids...

[12:34] {dino} took hours, but out prlb .70, +1.00

[12:35] {RonS} gj

[12:36] {dino} ty

[12:44] {dino} ehth blood today and yesterday

[12:44] {RonS} 160 p/e what could go wrong...

[12:46] {dino} ugh prlb

[12:46] {RonS} lol prlb

[12:48] {RonS} bid getting some

[13:00] {RonS} irbt news?

01[13:01] {@Threei}  nothing since Feb 7

[13:01] {dino} nope

[13:02] {dino} noise about patents thats all

[13:02] {RonS} monster volume...

01[13:08] {@Threei}  IRBT Moves to session highs on positive mention from CNBC contributor

01[13:08] {@Threei}  there

01[13:11] {@Threei}  crap... missed cover of the last part of LEN around .55

[13:24] {dino} irbt s .99

[13:25] {munky} fb trying for high

01[13:26] {@Threei}  feels to me like break and run

[13:26] {munky} yea, cept breakouts tough today

01[13:27] {@Threei}  right, so I want to wait for it to get stopped, and then buy

[13:27] {munky} ok

[13:33] {RonS} yod nutz

[13:33] {dino} out wbmd .90, +.34

01[13:34] {@Threei}  wtg

[13:34] {dino} ty

[13:40] {munky} rax  will lose 33 today, prob losev32

[13:41] {dino} mkto spike

[13:44] {munky} yod 

01[13:52] {@Threei} Short Setup: FB  .20 break

01[13:52] {@Threei}  If holds  .30 

01[13:55] {@Threei}  half out

01[13:55] {@Threei}  1:1  

[13:59] {dino} ocn drop

[14:03] {munky} u c a long fb here?

01[14:03] {@Threei}  can't tell

[14:04] {munky} rax

[14:04] {munky} there

[14:04] {dino} sounds like name of a strip club

01[14:04] {@Threei}  interstingly enough, majority of trades work today but we got what, just 2 1:2ers? the rest were scalps

[14:05] {munky} was thinkin same

01[14:05] {@Threei}  this is indicative of something

[14:05] {nemo} and that would be?

[14:06] {munky} just dont know what lol

01[14:06] {@Threei}  but with your permission I will think tomorrow of what exactly

[14:06] {thomcbell} market being very stingy

01[14:06] {@Threei}  see, I think once every two days

[14:06] {thomcbell} except in indexes

01[14:06] {@Threei}  and I already thought yesterday

[14:06] {nemo} not according to your wife

01[14:07] {@Threei}  well, according to her I thought once in my life

[14:07] {nemo} and she's regretted it ever since

01[14:07] {@Threei}  again, according to her

[14:07] {nemo} she's always right

01[14:07] {@Threei}  judging by actions, not so much

01[14:14] {@Threei} Long Setup:  FB  .20 breal

01[14:14] {@Threei}  If holds  .15 

01[14:15] {@Threei}  your idea, munky

[14:15] {munky} my idea rax, been sh all alonhg

[14:15] {dino} did you?

01[14:15] {@Threei}  from where?

[14:16] {munky} yes

[14:16] {dino} nice

[14:16] {munky} 33.60

01[14:16] {@Threei}  and never told us?

[14:16] {munky} called loss v33 and target 32

06[14:16] * @Threei weighs a trout in his right hand

[14:16] {munky} sure did

01[14:16] {@Threei}  really?

06[14:17] * @Threei slaps Threei around a bit with a large trout

01[14:18] {@Threei}  SPY is not helping

[14:20] {munky} fb just ronse

[14:20] {munky} me out too'.13

01[14:20] {@Threei}  yeah

01[14:20] {@Threei} Short Setup: CAT  .70 break

01[14:20] {@Threei}  If holds  .80 

01[14:21] {@Threei}  change to .80 break

01[14:21] {@Threei}  If holds  .85 

[14:24] {dino} bstop to .99 irbt

[14:24] {thomcbell} how is volume today guys

01[14:24] {@Threei}  low

01[14:25] {@Threei}  about yesterday's

01[14:25] {@Threei}  Invalidated  CAT 

01[14:25] {@Threei}  bitcoin/us dollar Several bitcoin exchanges are under attack by DDoS bots; Bitstamp has halted all withdrawals temporarily - CoinDesk

[14:28] {dino} ron, ty for idea. cov irbt .76, +1.24 fl

[14:28] {_black} P do you chance of euphoria?

01[14:29] {@Threei}  no clear signs of euphoria yet

01[14:29] {@Threei}  would take a parabolic spike with sharp volume increase

[14:29] {_black} yeah the volumen has dried

01[14:29] {@Threei}  yep

[14:29] {dino} -black, no euphoric spike

01[14:29] {@Threei}  and climb is still more or less temperate

[14:30] {_black} thanks guys

[14:30] {dino} need spikes/tails for euphoria and capitulation

[14:30] {dino} np, gl

[14:30] {munky} fb vad

06[14:30] * dino slaps RonS around a bit with a large trout

01[14:30] {@Threei}  it may however reverse without euphoric spike... just need to watch for the right reversal setup

01[14:31] {@Threei}  I don't see that line of yours, munky

01[14:32] {@Threei}  maybe double top on P

01[14:32] {@Threei}  kind of the one we got earlier on LEN

01[14:32] {@Threei} Short Setup: P  .35 break

01[14:32] {@Threei}  If holds  .41 

[14:32] {munky} was popsted , lose 33 and target 32 , not my entry

01[14:33] {@Threei}  no.... I mean your line on FB

[14:33] {_black} that's what i was looking/waiting for

01[14:33] {@Threei}  [14:30] {munky} fb vad

01[14:33] {@Threei}  this one

[14:33] {munky} im confused, again lol

01[14:33] {@Threei}  I don't see it, and intend not to see it

01[14:33] {@Threei}  that's deliberate choice

01[14:34] {@Threei}  this is how I express my deep resentment about FB rinse

01[14:34] {@Threei}  die P

[14:34] {munky} out rax 33

01[14:35] {@Threei}  wtg

01[14:35] {@Threei}  60 cents is nothing to sneeze at

[14:35] {dino} gj

[14:35] {dino} irbt s .54

01[14:38] {@Threei}  decisive moment for P

[14:38] {dino} stop .76 -.22

01[14:38] {@Threei}  double top or breakout

01[14:38] {@Threei}  FB new high

01[14:41] {@Threei}  hmmm... if P can't make new high while SPY and FB do, may drop hard when they pull back

01[14:41] {@Threei}  just need oit to hold here for now

[14:42] {thomcbell} same with lnkd 

[14:42] {nemo} yeah, but no spelling in SPY, they may try to fill the gap at 182.80 today

01[14:42] {@Threei}  grrr

01[14:42] {@Threei}  blew up the lid

01[14:42] {@Threei}  too bad

[14:44] {_black} LVS make new high with desc vol

01[14:48] {@Threei} Short Setup: EBAY  .20 break

01[14:48] {@Threei}  If holds  .25 

01[14:48] {@Threei}  taking only setups with very tight stops at this point

[14:49] {dino} strange two days

01[14:49] {@Threei}  this kind of top hunting can be very fruitful but can really hurt if risk control is lax

01[14:49] {@Threei}  Invalidated  

[14:50] {dino} bid moves going into record date on dividend ($4.37)

[14:56] {dino} prlb back down

01[14:57] {@Threei} Long Setup:  GLD  .55 break

01[14:57] {@Threei}  If holds  .50 

[15:05] {_black} Thanks for sharing. c u tomorrow.

01[15:06] {@Threei}  morning was way better black

[15:06] {dino} shake it off black

[15:06] {dino} tomorrow is a new start

[15:06] {_black} yep

[15:07] {dino} happens to the best of us

[15:07] {dino} cwh spike

[15:07] {dino} theres a euphoriic one black

[15:10] {dino} cwh sm s .89

[15:17] {dino} i froze it

01[15:19] {@Threei}  lol

01[15:24] {@Threei}  meh

01[15:26] {@Threei} Long Setup:  FB  .75 break

[15:27] {dino} cov cwh .68, +.21

01[15:27] {@Threei}  nice

[15:27] {dino} ty

01[15:27] {@Threei}  If holds  .70 

[15:27] {dino} back in 15 or so, bus stop

[15:29] {munky} vad, read on rax please, thinking sh

01[15:29] {@Threei}  it was at .40...

01[15:29] {@Threei}  after such sharo dive, I'd need a bounce to short again

[15:30] {munky} ty

01[15:30] {@Threei}  half out FB

01[15:30] {@Threei}  stop .74

01[15:31] {@Threei}  1:1  

[15:39] {munky} mnan, yod pushed dowm

01[15:40] {@Threei}  yodeling always puts my mood down

01[15:41] {@Threei}  come on FB, push to 1:2

01[15:43] {@Threei}  good girl

01[15:44] {@Threei}  1/4 more out

01[15:44] {@Threei}  stop .79

01[15:47] {@Threei}  out last piece on a trail

01[15:47] {@Threei}  decent one to finish the day

[15:48] {dino} prlb lod

01[15:55] {@Threei}  thank you all, have a good evening

01[15:55] {@Threei}  see you tomorrow

[15:56] {_darekj} cy tomorrow