Dec 17 2014

Very nice trading session once again, even though it was FOMC day. Handled it just right



[08:58] {dino} gm 3i
01[08:59] {@Threei}  morning dino
[09:04] {JoebiWan} gm
01[09:05] {@Threei}  jw :)
[09:05] {dptl} gm
01[09:07] {@Threei}  dp :)
[09:14] {RonS} hi guys
01[09:14] {@Threei}  ron :)
01[09:16] {@Threei}  EU voted against tagging Canadian oil "dirty"
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -ASPX +82% (positive topline results from Phase 3 trial of SD-809 in Huntington's disease)
01[09:30] {@Threei}  -VOLC +55% (agrees to acquisition by Philips for $18/shr)
01[09:30] {@Threei}  -DRIV +49% (amended distribution agreement with MSFT; go-shop period with Siris Capital ended)
01[09:30] {@Threei}  -CERS +19% (FDA approved first pathogen reduction system to treat plasma)
01[09:30] {@Threei}  -APP +16% (named Paula Schneider CEO, terminated Dov Charney)
01[09:30] {@Threei}  -ICLD +13.3% (backlog of over $32M)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -POZN -13% (received response letter with additional questions preventing the NDA approval for YOSPRALA81/40 and 325/40)
01[09:30] {@Threei}  -FDX -3.6% (earnings)
01[09:30] {@Threei}  -DEO -2.3% (Thanksgiving sales disappointing)
01[09:32] {@Threei} Long Setup:  FB  .40 break
01[09:33] {@Threei}  If holds  .30
01[09:34] {@Threei}  change to .35
01[09:34] {@Threei}  If holds  .25
01[09:35] {@Threei}  1:1
01[09:37] {@Threei}  .50 break should catapult it
01[09:37] {@Threei}  1:2
01[09:39] {@Threei}  closed
[09:43] {dino} c sm s .48
01[09:46] {@Threei} Long Setup:  VXX  .30 break
01[09:46] {@Threei}  If holds  .20
01[09:47] {@Threei}  no go
01[09:50] {@Threei} Short Setup: TWTR  .75 break
01[09:50] {@Threei}  If holds  .85
01[09:51] {@Threei}  ugh
01[09:57] {@Threei} Short Setup: TWTR  .80 break
01[09:57] {@Threei}  If holds  .90
01[09:59] {@Threei}  1:1
01[10:01] {@Threei}  1:2
01[10:02] {@Threei}  closed
[10:02] {dptl} ty
01[10:02] {@Threei}  yw
01[10:08] {@Threei} Long Setup:  FB  .90 break
01[10:08] {@Threei}  If holds  .80
01[10:09] {@Threei}  1:1
[10:10] {dino} vc stop
[10:12] {RonS} vc? the message said c fwiw
[10:13] {dino} typo, was supposed to be vc
[10:13] {nemo} Viet Cong?
[10:14] {nemo} Crude @10:30
[10:14] {RonS} u warning us of an unseemly comment?
[10:15] {nemo} where's ese, need a rim shot
01[10:15] {@Threei}  lol
[10:17] {nemo} LVS
[10:17] {nemo} EXPE
[10:20] {dptl} luv .50 break short if holds .60
[10:27] {dptl} invalidated
01[10:29] {@Threei} Long Setup:  VLO  .60 break
01[10:29] {@Threei}  If holds  .50
[10:29] {nemo} oil numbers
01[10:30] {@Threei}  *(US) CRUDE: -0.85M V -2ME, GASOLINE: M V +2ME, DISTILLATE: M V +1ME
01[10:30] {@Threei}  Invalidated
[10:30] {nemo} vlo looks like spy
[10:42] {cosmo} I think drillers might likely bottom before oil itself.... i think
[10:43] {nemo} depends on their debt level
[10:44] {nemo} if oil keeps going lower, less drilling.  If  a driller is overextended debt wise and can't service it....oops
[10:44] {nemo} minor detail
[10:44] {cosmo} lots of sub-prime junk there too
[10:44] {nemo} Russia in it's entirety
[10:44] {cosmo} esp for frackers
[10:45] {nemo} there's no economy there...just an resource exporting oligarchy
[10:45] {cosmo} yea...oops
[10:45] {nemo} can you say "1998"
[10:51] {cosmo} it was a good year to trade...
[10:52] {nemo} bad year for markets when Russia defaulted...may be repeating that if oil goes much lower
[10:54] {cosmo} that's up to Saudi, no?
[10:55] {cosmo} has been so far...
[10:56] {cosmo} they didn't cut production as usual
01[10:56] {@Threei}  good for them
[10:56] {cosmo} as they usually do i mean
01[10:56] {@Threei}  they see that this time IS different
[10:57] {cosmo} yep
01[10:57] {@Threei}  sell your oil while there is a byter
[10:57] {cosmo} well put
01[10:58] {@Threei}  ok... buyer :)
01[11:03] {@Threei} Short Setup: TWTR  .70 break
01[11:03] {@Threei}  If holds  .80
[11:05] {RonS} mcd news?
01[11:05] {@Threei}  MCD Pershing's Ackman: Cannot comment on rumors about a stake in MCD
[11:06] {RonS} saw that...that's news? sheesh
01[11:06] {@Threei}  well, MCD went up sharply yesterday on rumor of a stake by major investor
01[11:07] {@Threei}  so this one plays out against that background
01[11:07] {@Threei}  [HLF] Claims Formula 1 Nutritional Shake Wins Product of the Year Award in Russia - Claims was honored with the Product of the Year award for its Formula 1 Nutritional shake in the category of Efficient Weight Management Nutrition at a recent ceremony in Moscow, Russia.
[11:08] {RonS} vodka infused?
01[11:08] {@Threei}  with Putin's torso on a label
[11:09] {RonS} lol
[11:09] {RonS} agio spike
[11:12] {dptl} hal watching for .60 break long
01[11:15] {@Threei}  1:1
[11:17] {dptl} hal invalidated
[11:23] {RonS} someone likes gramma
[11:28] {dptl} long hal on pullback here
[11:28] {dptl} .54 stop
[11:29] {dptl} nope out
[11:34] {RonS} lol... Obama to name Cosmo Kramer ambassador to Cuba? Find out at noon!
01[11:34] {@Threei}  he surely liked those cigars
[11:36] {RonS} …and a woman is only a woman, but a good cigar is a Smoke.
[11:39] {RonS} +1353 tick...very unusual for a fed day
01[11:40] {@Threei} Short Setup: TWTR  .60 break
01[11:40] {@Threei}  If holds  .70
[11:45] {nemo} XOP up almost 8%
[11:49] {dptl} bhp 46 break short
[11:54] {dptl} ok its about time twtr
01[11:54] {@Threei}  US equity indices are shooting higher this morning and European markets have regained losses to close at their highs. Crude prices are up on the session and the Russians seemed to have arrested the plunge in the ruble for the moment. Now all eyes are on the Fed decision later today.
01[11:55] {@Threei}  Attention shifts from Russia and crude today over to the Fed decision and Chair Yellen's post-decision press conference. Many analysts think today will be the day the Fed drops the considerable time language from its policy statement. And even if it does not, it will likely indicate the key phrase is on its way out by introducing an alternative.
01[11:56] {@Threei}  The ruble has regained some strength this morning after two days of nightmarish moves. USD/RUB has declined to around 60 after topping out yesterday at 78.60 on reports that the Russian government and the Russian Central Bank have worked out a strategy for girding the currency, although it remains unclear exactly what Moscow is planning.
[11:59] {dptl} held .70...3 times noe
[11:59] {dptl} now
[12:07] {dptl} you still in Vad right?
01[12:08] {@Threei}  yes
01[12:08] {@Threei}  falling asleep though
[12:09] {dptl} damn it....out
01[12:09] {@Threei}  nah, out
01[12:09] {@Threei}  jeez
01[12:09] {@Threei}  dp...
01[12:09] {@Threei}  it's just a stop... in the middle of another good day
01[12:10] {@Threei}  after two very strong days in a row
[12:10] {dptl} i am not having good day again today
01[12:10] {@Threei}  you have some kind of "set frustration mode upon awakening"
01[12:11] {@Threei}  well, then this is what you better focus ohn - why on earth are you not having good day when calls are profitable
01[12:11] {@Threei}  what about yesterday?
01[12:11] {@Threei}  how in the world can you not be in plus with today's calls?
[12:12] {dptl} was up yesturday....today  2 twtr stops one twtr flat, 2fb flat,2 bhp stops
01[12:13] {@Threei}  want to compare that with calls?
01[12:13] {@Threei}  try and figure out why the difference?
01[12:13] {@Threei}  did you not swear stop trying taking your own calls until you sort this out?}
[12:14] {dptl} well thats it stop even looking now.
01[12:15] {@Threei}  09:57] {@Threei} Short Setup: TWTR .80 break
01[12:15] {@Threei}  [09:57] {@Threei} If holds .90
01[12:15] {@Threei}  [09:59] {@Threei} 1:1
01[12:15] {@Threei}  [10:01] {@Threei} 1:2
01[12:15] {@Threei}  [12:12] {dptl} .today 2 twtr stops one twtr flat
01[12:15] {@Threei}  explain this to me??
01[12:16] {@Threei}  [11:03] {@Threei} Short Setup: TWTR .70 break
01[12:16] {@Threei}  [11:03] {@Threei} If holds .80
01[12:16] {@Threei}  [11:15] {@Threei} 1:1
[12:16] {dptl} acualy, yes that one i got, but scrude up a bit on exit so realy got 1:1 on whole
01[12:16] {@Threei}  shrug
[12:16] {dptl} that one was really flat to me, i got that one
01[12:17] {@Threei}  let's talk about FB? I have 1:2
01[12:17] {@Threei}  you: 2fb fla
01[12:17] {@Threei}  flat
01[12:17] {@Threei}  why don't you focus on this?
[12:17] {dptl} fb i really scrude up and got out flat
01[12:17] {@Threei}  stop this self-destruction mode
01[12:18] {@Threei}  I feel like I am hitting the wall with my forehead day after day, watching your constantly expressed frustration
01[12:19] {@Threei}  promises to do this and not to do that, broken the very next day
[12:21] {dptl} i even lowered my sizes to redicuolas point and still stragle...yes...i guess i am pushing to much again...damn....i am gonna try to come down, and concentrate on your calls now only
[12:31] {dptl} Vad, how many charts total do you have on your screen at the same time?
01[12:32] {@Threei}  3 stocks and SPY
[12:32] {dptl} ok, and most of the time these 3 stocks , wich ones,?
01[12:33] {@Threei}  ??
01[12:33] {@Threei}  they change
01[12:33] {@Threei}  it's not the same three stocks
[12:33] {dptl} i see
[12:34] {dptl} do you still use inteliscan?
01[12:34] {@Threei}  yes
[12:37] {JoebiWan} do you like sdrl .40 break?
01[12:42] {@Threei}  not surte
01[12:45] {@Threei}  now probably better
01[12:45] {@Threei}  but we are nearing FOMC time
[12:45] {JoebiWan} ill just watch then
[12:46] {dptl} its at 1400 est? right? fomc
01[12:46] {@Threei}  yes
[12:53] {JoebiWan} well 1:1 on paper
[12:54] {dptl} yeah...we'll bill fed for that lol
01[13:03] {@Threei}  You don't bill Fed. Fed bills you.
[13:04] {RonS} if true, they need to ship me some... $100 bills...
01[13:05] {@Threei}  "cheque in the mail"
[13:27] {nemo} see I haven't missed anything
02[13:31] * Disconnected
Session Close: Wed Dec 17 13:31:36 2014

Session Start: Wed Dec 17 13:31:36 2014
Session Ident: #discussions
02[13:35] * Attempting to rejoin channel #discussions
03[13:35] * Rejoined channel #discussions
03[13:35] * Retrieving #discussions modes...
01[13:41] {@Threei}  nemo, do you have swans in your vicinity?
[13:42] {RonS} probaly only Canadian geese...freelaoders
[13:42] {RonS} loaders
01[13:42] {@Threei}  lol
01[13:43] {@Threei}  just wanted to share a shot from couple days ago: https://www.facebook.com/VadymGraiferPhotography/photos/a.488848774527976.1073741828.483178015095052/762250817187769/?type=1
[13:44] {cosmo} safe!!
[13:44] {RonS} that dude is struting his stuff...
01[13:44] {@Threei}  cosmo... you OK?
[13:44] {cosmo} baseball call...
01[13:44] {@Threei}  ah... this stuff is lost on me...
[13:45] {cosmo} sorry
[13:45] {cosmo} :)
01[13:45] {@Threei}  no, I am sorry
01[13:45] {@Threei}  and swan, I am sure, is sorry
[13:45] {RonS} the ump swing his arms out like that signaling "safe"
01[13:45] {@Threei}  it's a canadian swan, so he is sorry
[13:46] {RonS} but honestly i didn't get it either
[13:46] {cosmo} gotta go to some game 3i
[13:46] {RonS} lol
[13:46] {cosmo} you too Ron
01[13:46] {@Threei}  why, I can sleep at home much more comfortably
[13:46] {RonS} rotflol
[13:46] {cosmo} safer too
01[13:47] {@Threei}  something about this game that I fundamentally don't get
[13:47] {nemo} http://goo.gl/ldOjw7
[13:47] {nemo} I'm impressed
01[13:47] {@Threei}  unavailable, nemo
[13:47] {cosmo} its a profound bore.... i know
[13:48] {nemo} too bad...it's a video of a tortoise coming upon an upside down fellow tortoise, and he turns him over
[13:48] {RonS} when played as a kid i didn't get it either...but now... it's the strategy
[13:49] {RonS} what's that Billie Bean book?  would give an intertaining insight to the game
[13:53] {RonS} http://en.wikipedia.org/wiki/Moneyball
01[13:53] {@Threei}  let's be careful after the announcem,ent
01[13:54] {@Threei}  it's not the rate itself that important, that's a given
[13:54] {nemo} yeah, we'll get the Fed cha cha cha,  enter on the third "cha"
01[13:54] {@Threei}  impiortant part is the "considerable time" part,
01[13:54] {@Threei}  how it's worded, whether it's changed, what replaces it
[13:54] {nemo} and hoping they spell better than you do
01[13:55] {@Threei}  and it might take a few min to parse out
[13:55] {JoebiWan} where are you getting your info?
[13:55] {dino} down, up, down
[13:55] {nemo} twitter, news feeds
01[13:55] {@Threei}  doesn't matter jw
01[13:55] {@Threei}  you won't be faster than the rest of the world in any case
[13:55] {nemo} you tend to get an initial, secondary, and then third is the direction
01[13:56] {@Threei}  wait it out, let the market make up its mind
[13:56] {nemo} Yes, I've decided to drink while I wait
[13:56] {nemo} futures liquidity dropping through the floor
01[13:56] {@Threei}  otherwise risk ofbeing whipsawed is not even riskm practically certainty
[13:56] {dino} vxx hl l .01
[13:56] {nemo} figures
[13:56] {nemo} always one in the crowd
01[13:56] {@Threei}  [13:56] {nemo} Yes, I've decided to drink while... {--- insert anything
[13:57] {nemo} huuie
[13:57] {dino} its the cc9 trade
01[13:57] {@Threei}  lol
[13:57] {nemo} actually, reasonable with a wide stop
[13:57] {nemo} about the width of a septugenarian prostitutes ______________
[13:58] {dino} lol
[13:58] {nemo} dino strikes me as  a Clark Kent type
[13:59] {dino} i'm your superman
[13:59] {nemo} reasonable response
[13:59] {dino} either that or huckleberry
[13:59] {nemo} reminds me of the superman, wonderwoman, invisible man joke
[14:00] {nemo} o.k. Lunger
[14:00] {dino} bingo
[14:00] {dino} vxx top .66
01[14:00] {@Threei}  (US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25%: CAN BE PATIENT ABOUT RAISING RATES; DROPPING CONSIDERABLE TIME LANGUAGE
[14:00] {dino} 100 pt spike
[14:01] {dino} starting to feel rates on hold for longer than expected with world economies going through deflation
01[14:01] {@Threei}  with oil, probably
01[14:02] {@Threei}  and gotta absorb the shock of russian defaults
[14:03] {dino} venezuela too, plus others
[14:04] {dino} vxx l .26
[14:04] {dino} no go, gapping trades
[14:06] {dino} l .09
[14:10] {dino} out vxx .29, +.20
[14:10] {nemo} a lot of work for .20
[14:10] {dino} yeah, not moving the way it usually does after announcement
[14:10] {nemo} confusion out there
[14:11] {dino} here too
[14:11] {nemo} perish the thought
[14:11] {dino} lol
[14:11] {nemo} iwm gap at 116.20 fill
[14:12] {nemo} Ever see the movie Ffolkes?
[14:12] {dino} no
[14:13] {nemo} should...parts are pretty funny
[14:13] {nemo} http://goo.gl/2RZVke
[14:17] {nemo} VXX
[14:18] {nemo} looks long
01[14:18] {@Threei} Long Setup:  VXX  .20 break
01[14:19] {@Threei}  If holds  .10
[14:19] {nemo} SPY might make another assualty on 202
01[14:19] {@Threei}  stop might be a bit too tight but...
01[14:20] {@Threei}  1:1
[14:20] {nemo} with this volatility...so what
01[14:20] {@Threei}  1:2
01[14:20] {@Threei}  1:3
06[14:20] * @Threei slaps dptl around a bit with a large roll of cash
[14:21] {nemo} YW
[14:21] {dptl} out  ty
01[14:21] {@Threei}  sure thing
01[14:22] {@Threei}  (insert dude image)
[14:22] {nemo} stop under .30
[14:22] {dptl} missed .50 exit , so last piece got out .38, after taking 1:2 part out
[14:23] {nemo} why exit
[14:23] {dino} out vxx .51, +.30 ty vad
01[14:23] {@Threei}  :)
[14:31] {dino} vxx l .76
[14:34] {pamsv} cheers guys - catch you tmrw
[14:34] {nemo} a bloody Brit}
[14:34] {nemo} ?
[14:35] {dino} stop -.15
[14:54] {nemo} volatility nuts...spy average 1 minute bar change .24 cents
01[15:00] {@Threei}  yeah
01[15:00] {@Threei}  waiting for the sure shot
[15:01] {nemo} that was it, spy couldn't recover 201
[15:01] {nemo} hit the R1 and shit the bed
[15:03] {nemo} no algo activity, this is futures
01[15:09] {@Threei}  If you have an erection lasting longer than 4 hours, see a doctor" or turn on a Janet Yellen Fed press conference
01[15:09] {@Threei}  lol
[15:10] {JoebiWan} vad, rig .90 break?
01[15:11] {@Threei}  USO is so weak...
[15:11] {nemo} look @XOP
01[15:11] {@Threei}  wouldn't risk RIG here
[15:11] {JoebiWan} ty
[15:12] {nemo} watch XOP if ur playing rig
01[15:12] {@Threei}  maybe under .80 if it pulls back
[15:12] {nemo} 46.70-.80 in XOP important
[15:13] {nemo} price resistance @ 47
01[15:27] {@Threei} Short Setup: USO  .25 break
[15:27] {JoebiWan} xop through 47 nemo
01[15:32] {@Threei}  Invalidated
[15:33] {nemo} what volatility, average spy 1 min bar change .26
[15:35] {dino} odd xop and oih up w/oil about flat
[15:36] {nemo} not really people picking at value of companies over commodity
[15:36] {nemo} look at the dailies in Oil service stocks
[15:36] {dino} makes sense
[15:37] {nemo} rare for me
[15:40] {nemo} I think OP EX max pain spy is 203
[15:42] {nemo} 31.25 bottom in VXX
[15:44] {nemo} holy shit...dropped .10 in a telport
[15:45] {nemo} .36 battle
01[15:47] {@Threei}  thank you all, have a good evening
01[15:47] {@Threei}  see you tomorrow
[15:48] {dptl} gn all
[15:48] {JoebiWan} thx all cya
[15:49] {dino} gn all
[15:51] {cosmo} so are oil services stocks oversold?
01[15:51] {@Threei}  what's "oversold"...
[15:51] {cosmo} relative to oil
01[15:52] {@Threei}  oversold gets oversolder, then oversoldest... and then sells some more
[15:52] {cosmo} understand

Dec 16 2014

Very strong day again, with juicy 1:2 to 1:4 plays all over. Still no complaints about pre-FOMC days


Session Time: Tue Dec 16 00:00:00 2014

[09:02] {dptl} gm
01[09:03] {@Threei}  dp :)
[09:19] {nemo} http://goo.gl/G1bftV
01[09:20] {@Threei}  O’Neill was uninjured, the five intruders all suffered injuries and remain hospitalized,
01[09:20] {@Threei}  lol
01[09:20] {@Threei}  good for him
[09:20] {nemo} unfortunately the assholes will recover
[09:25] {JoebiWan} surprised they werent shot
01[09:25] {@Threei}  I am too
[09:25] {nemo} Yeah...funny, I was having a self-defense discussion with my left wing German Professor friend last night...oy vay
01[09:25] {@Threei}  I can only imagine
01[09:26] {@Threei}  smile and don't offend, and no one will touch you
[09:26] {nemo} I was in Cambridge, MA no less
[09:26] {nemo} frickin' most concentrated bastion of leftists in the country
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -TLM +50% (Repsol buying company for $8/shr cash)
01[09:27] {@Threei}  -SLXP +5.5% (initial FY15 guidance)
01[09:27] {@Threei}  -FCEL +4% (earnings)
01[09:27] {@Threei}  -SPWR +2.5% (positive broker commentary)
[09:27] {nemo} actually, if he dislocated their knees, they might not make a full recovery...tends to disrupt the blood supply to the lower leg
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -FRO -14% (entered private debt-for-stock exchange agreement)
01[09:28] {@Threei}  -YNDX -8% (Russian rate hike & ruble devaluation; MBT, QIWI, VIP all also down between 4-8% on the news)
01[09:28] {@Threei}  -EXAS -5% (selling 4M shares to Jefferies & Robert Baird)
01[09:28] {@Threei}  -BLMN -3.1% (initial FY15 guidance)
01[09:28] {@Threei}  -KO -1.2% (guided FY14 currency neutral EPS growth expected to be 4-6% currency headwind)
[09:29] {ese} gm for a few minutes......
[09:29] {nemo} jeez, almost right on queue
01[09:29] {@Threei}  ese (insert smile for a few min)
[09:29] {ese} lol
01[09:32] {@Threei} Long Setup:  JPM  .25 break
01[09:33] {@Threei}  If holds  .15
01[09:34] {@Threei}  nope
01[09:36] {@Threei} Long Setup:  TWTR  .50 break
01[09:36] {@Threei}  If holds  .40
01[09:37] {@Threei}  Invalidated
01[09:38] {@Threei}  valid again
01[09:38] {@Threei}  invalidated again
01[09:39] {@Threei} Short Setup: FB  77 break hl
01[09:39] {@Threei}  If holds  .10
01[09:39] {@Threei}  1:1
[09:41] {JoebiWan} out fb ty
01[09:41] {@Threei}  yw
01[09:41] {@Threei}  1:4
[09:42] {JoebiWan} dal
01[09:42] {@Threei} Short Setup: TWTR  .20 break hl
01[09:42] {@Threei}  Invalidated
01[09:42] {@Threei}  leaving it be
01[09:42] {@Threei}  3 invalidation, it just wastes our time
01[09:44] {@Threei} Short Setup: MCD  88 break
01[09:44] {@Threei}  If holds  .10
[09:46] {Jenh} gm
01[09:47] {@Threei}  jen :)
[09:47] {nemo} spy probable gap fill then 200.25 pivot/50 day
[09:48] {RonS} seeing new exchange on Level 2...wemm  anyone hear of it?
01[09:50] {@Threei}  WEMM | P | WELLS FARGO SECURITIES, LLC
01[09:50] {@Threei}  http://www.level2stockquotes.com/market-makers-w-list.html
[09:50] {RonS} thanks
[09:50] {ese} no...interesting
[09:51] {ese} L rfmd .00
01[09:54] {@Threei}  trail to .06
01[09:59] {@Threei} Long Setup:  FB  77 break hl
01[09:59] {@Threei}  If holds  .90
[09:59] {nemo} two way
01[10:00] {@Threei}  1:1  MCD
01[10:00] {@Threei}  yeah, FB ]was two-sided
[10:01] {nemo} two "faced"
[10:01] {nemo} Ron
01[10:01] {@Threei}  not bad actually
[10:02] {nemo} tna
[10:02] {nemo} sorry
[10:05] {RonS} my .vix quote is jumping all over the place...anyone else seeing that?
01[10:05] {@Threei} Long Setup:  IWM  .90 break
01[10:05] {@Threei}  If holds  .80
01[10:06] {@Threei}  no go
[10:06] {RonS} 21 then 24.88 then 21.55 etc
01[10:07] {@Threei}  1:2  MCD
[10:07] {dptl} ty
01[10:07] {@Threei}  1:3
[10:07] {nemo} TSLA running out of........gas
01[10:08] {@Threei}  wow... Ron, he is really trying to outron you
[10:08] {RonS} tsla zapped?
[10:08] {nemo} it's not difficult
[10:09] {RonS} think headline...gotta be short, not a feakin encyclopedia
[10:09] {RonS} +r
[10:10] {RonS} gild geld
[10:10] {nemo} mixing metaphors
[10:10] {nemo} you cutting gild's member off?
[10:14] {nemo} wow FB
[10:14] {nemo} buck to the short side
01[10:16] {@Threei}  wow
01[10:17] {@Threei} Long Setup:  VXX  .65 break
01[10:17] {@Threei}  change to .60
01[10:17] {@Threei}  If holds  .50
01[10:18] {@Threei}  Invalidated
01[10:18] {@Threei}  (RU) US Sec State Kerry: Russia has made some constructive choices on Ukraine over recent days - Sanctions were designed to impose costs on Russia for moves in Crimea and Ukraine- Oil prices, not just sanctions, are hurting the ruble- Sanctions could have been lifted months ago, could be lifted in days depending on Russia's choices
01[10:18] {@Threei}  what constructive choices?
02[10:18] * Disconnected
Session Close: Tue Dec 16 10:18:40 2014

Session Start: Tue Dec 16 10:18:40 2014
Session Ident: #discussions
02[10:18] * Attempting to rejoin channel #discussions
03[10:18] * Rejoined channel #discussions
[10:18] {nemo} SPY going for 200 then pivot
01[10:19] {Threei} Long Setup:  VXX  .40 break
01[10:19] {Threei}  If holds  .30
[10:19] {dino} cyber sm l .02
01[10:20] {Threei}  1:1
01[10:20] {Threei}  1:2
01[10:23] {Threei}  closed on a trail
[10:23] {dptl} ty
01[10:24] {Threei}  yw
[10:35] {dptl} .
[10:37] {RonS} 3i to join in?  Turkey's Erdogan is at war with a Twitter account http://bloom.bg/1IXIenn
01[10:38] {Threei}  lol
01[10:40] {Threei} Long Setup:  VXX  .40 break
01[10:40] {Threei}  If holds  .30
[10:40] {RonS} mfrm gone soft
01[10:41] {Threei}  1:1
01[10:43] {Threei}  1:2
01[10:44] {Threei}  closed last part
[10:44] {nemo} choppy day
01[10:45] {Threei}  MCD
01[10:45] {Threei}  what the deuce
01[10:46] {Threei}  MCD Ticking higher on speculation that an activist investor could get involved in the company
01[10:46] {Threei}  ??
01[10:46] {Threei}  dino, ron... must be your client
[10:50] {dptl} anybody have logix quote issue ?
[10:51] {JoebiWan} yeah
[10:51] {nemo} yeah, just locked up
01[10:51] {Threei}  looks frozen
[10:51] {nemo} there she goes
01[10:51] {Threei}  ok, catching up
[10:51] {dptl} ok
01[10:51] {Threei}  wow... MCD is still at it
[10:52] {RonS} wow ese MACK 10.50ish
[10:52] {nemo} UAL
[11:02] {dino} gild sm l .02
[11:05] {nemo} VXXX
[11:18] {dptl} watching dal .35 break sh
[11:22] {dino} out gild .50, +.48
[11:22] {dptl} got away
[11:22] {JoebiWan} gj dino
[11:22] {dino} ty
[11:23] {dino} out cybr .82, +.80
01[11:24] {Threei}  wtg
[11:24] {dino} ty
01[11:24] {Threei} Short Setup: MCD  90 break
01[11:24] {Threei}  If holds  .10
01[11:24] {Threei}  Invalidated
[11:30] {nemo} VXX
[11:30] {nemo} spy bottomed 38.2 and retraced all the way back to the 23.6
[11:33] {dptl} watching luv .25 break sh if holds .35
[11:36] {dino} out mei .31, +.81
[11:36] {Jenh} wow gj!
[11:41] {dino} ty
[11:43] {dptl} stopped luv
[11:49] {RonS} whr draining
[11:49] {RonS} guidance cut
[11:50] {dptl} bhp .10 break sh if holds .20
01[11:53] {Threei}  The dramatic collapse of the Russian Ruble is in sharp focus this morning. The ruble had gained around 8% after the Russian Central Bank raised rates by 650 basis points to 17% from 10.5% on Monday afternoon (early Tuesday morning local time), but those gains vaporized as USD/RUB shot up to 79 and then settled around 72.80 in mid-morning trade. The ruble is now down by more than 20% against the dollar on the week and down by 56% YTD.
01[11:54] {Threei}  rare case in history when aggression is being punished this quickly and severely
[11:55] {dino} nice to ser
[11:55] {dino} see
[11:55] {RonS} thank the Saudis
[11:56] {dino} indeed, for once they went against opec
[11:56] {RonS} and fracking
[11:57] {dino} yes, unfortunately, that too
01[11:58] {Threei}  I think Saudis had no choice
01[11:58] {Threei}  they tried to cut production back in 80s
01[11:59] {Threei}  it didn't help the price but they lost sales and markets to those who were continue selling
01[11:59] {Threei}  so this time around they simply decided to keep the markets
[12:00] {dino} big question is, for how long? been looking at jan 2015 calls uso, oco
[12:00] {dino} jan 2016 i mean
[12:01] {dptl} trailing to .16 bhp
01[12:02] {Threei}  don't know dino... as pure trading maybe, but long term oil doesn't look good to me
[12:04] {dino} yeah, time is the big question, thats why i'm leaning towards buying lots of time
[12:05] {dino} taking an hour break
[12:05] {RonS} besides, ese says oil is dead...after all, his wife has an electric car
01[12:06] {Threei}  and students want the same
[12:07] {dino} lol
01[12:12] {Threei} Short Setup: MCD  90 break
01[12:12] {Threei}  If holds  .10
[12:13] {nemo} some volatility today
[12:13] {nemo} avg spy bare change is .16 right now
01[12:18] {Threei}  no go
[12:26] {JoebiWan} rig .90 short?
01[12:28] {Threei}  can't tell
[12:35] {dptl} no go rig...
01[12:37] {Threei}  stop trading everything in sight
[12:38] {nemo} Hey Padawan, I'd be careful shorting the oil complex today, you're likely better off finding a place to get long
[12:39] {nemo} after so many days down, the odds are beginning to work against a short play
[12:39] {nemo} notice uso just bounced at vwap
[12:39] {cosmo} the oil drop, like others in the past, is just a conspiracy to kill solar and such...
[12:40] {nemo} means value is being found there, hasn't been the case
[12:40] {nemo} whatever the reason, respect the price action
[12:40] {nemo} imo
[12:40] {dptl} bhp forming c&h looks like
[12:40] {JoebiWan} thans nemo. thats why i asked
[12:40] {JoebiWan} thanks
[12:47] {dptl} hal 39 short?
[12:48] {dptl} nah
[12:48] {dptl} stepping out for a bit
[12:51] {nemo} see the action in rig Padawan...choppy
[12:52] {JoebiWan} yeah, time of day too?
[12:52] {nemo} yep, but looks like oil is trying to make a bottom
[12:52] {nemo} sucks not having Les to pick on
[12:57] {nemo} VXX
[12:57] {nemo} if it holds support look for .50 break
[12:58] {nemo} there ya go
[12:59] {nemo} set stop below .50
[12:59] {nemo} .85 target
[13:00] {nemo} arguably support @.42
[13:02] {nemo} http://goo.gl/svva5r
01[13:03] {Threei}  (US) White House Press Sec Earnest: President Obama will be signing the spending legislation when the final version is complete; also intends to sign Russia sanctions legislation - Administration still has concerns about the current sanctions legislation; Pres Obama likely to sign the sanctions bill before the end of the week- Will not speculate on the SPR; strategic petroleum reserve is not intended to to impact the price of oil
[13:03] {nemo} possible repeat of the setup
[13:07] {nemo} spy coming into vwap
01[13:14] {Threei}  In a statement to Business Insider, FXCM said:
01[13:14] {Threei}  "Please be advised that that most Western Banks have stopped pricing USD/RUB. As such, FXCM can no longer offer this instrument to our clients and will begin closing any existing client trades in USD/RUB effective at Noon EST today, December 16th, 2014."
[13:15] {nemo} that's why Putin was doing the nuclear drills...distraction
[13:19] {dino} hmm, i take an hor break and dji drops almost 200 pts
01[13:20] {Threei}  let's test it again, and if works, we short the bejeezes out of da market and pay you to leave
[13:23] {dino} hor=hour
[13:23] {dino} ok, tell me when to leave
[13:23] {nemo} yesterday
[13:24] {dino} my nose bleeding? think i just got tagged
[13:24] {nemo} wuss
[13:24] {dino} ;)
[13:24] {nemo} you see this dino:  http://goo.gl/svva5r
[13:25] {nemo} wrong one...sorry:
[13:25] {nemo} http://goo.gl/G1bftV
01[13:26] {Threei} Long Setup:  IWM  .15 break
01[13:26] {Threei}  change to .10
[13:27] {nemo} wow
01[13:27] {Threei}  If holds  114
[13:27] {nemo} no bid
01[13:27] {Threei}  change to .05
01[13:27] {Threei}  If holds  .95
[13:28] {nemo} no volume
[13:29] {nemo} now ur getting volume
01[13:29] {Threei}  Invalidated
01[13:37] {Threei}  got away
[13:45] {nemo} spy hit yhesterday's close and bounced
[13:45] {nemo} well give or take a little
[13:46] {nemo} shit...it's this volatile and we haven't got out of lunch yet...STRAP IN!!!!
[13:46] {nemo} I want a down limit open!!!!!
01[13:49] {Threei} Long Setup:  HAL  .75 break
01[13:49] {Threei}  If holds  .65
[13:51] {nemo} .80 resistance
01[13:51] {Threei}  yea
01[13:51] {Threei}  wanted aggressive
[13:51] {dptl} .65 was safer
[13:51] {nemo} frickin armchair quarterback
[13:51] {dptl} but will see
01[13:52] {Threei}  .60 eas safer yet
01[13:52] {Threei}  when someone finds out how to get absolute bottom, I am all ear
[13:52] {nemo} this is SPY:  pivot, 50 day vwap
01[13:58] {Threei}  1:1
[13:59] {nemo} VXX
[14:00] {nemo} nice setup break of .95 1:2 and wham!
01[14:01] {Threei}  1:2
[14:03] {Jenh} g2g. good night! see you all tomorrow
01[14:04] {Threei}  take care jen
01[14:07] {Threei}  1:3
01[14:08] {Threei}  1:4
01[14:08] {Threei}  out
[14:08] {dptl} ty
01[14:08] {Threei}  yw
[14:08] {JoebiWan} ty  nice trade
01[14:08] {Threei}  all who criticized my entry, pour ashes on your head
[14:08] {dptl} still in some
[14:08] {JoebiWan} lol
01[14:09] {Threei}  sure thing jw
01[14:09] {Threei}  1:5
06[14:09] * Threei slaps dptl around a bit with a large roll of cash
[14:09] {nemo} yeah, not sure why you didn't trail under the hole
[14:09] {nemo} whole
[14:10] {dptl} out
[14:18] {nemo} Wer reitet so spät durch Nacht und Wind?
[14:18] {nemo} Es ist der Vater mit seinem Kind;
[14:18] {nemo} Er hat den Knaben wohl in dem Arm,
[14:19] {dptl} right
[14:19] {nemo} Er faßt ihn sicher, er hält ihn warm.
[14:21] {nemo} one of my favorite Goethe poems:  https://en.wikipedia.org/wiki/Der_Erlk%C3%B6nig
[14:25] {JoebiWan} german stories known for happy endings....
[14:25] {RonS} Goethe always stuck in my craw...
[14:25] {nemo} since when
[14:26] {JoebiWan} never
[14:26] {nemo} I had a beautiful copy of Faust from the Folio Society
01[14:27] {Threei}  that's one shop that knows how to make beautiful books
[14:29] {dptl} lol, look at bhp chart
01[14:30] {Threei}  full twitter of conspiracies I guess... and idiotic nanlecx charts
01[14:30] {Threei}  "damn HFT"
[14:40] {dptl} .54 sort may be bhp
[14:40] {dptl} or short
01[14:41] {Threei}  make up your mind
[14:41] {dptl} may be even now agressive
[14:42] {dptl} .66stop
[14:47] {dptl} trying small sh small stop
[14:47] {dino} feye sm l .01
[14:50] {dino} stop feye flat, mkt drop
[14:53] {dptl} stop to .61
[14:59] {dptl} to .51
[15:04] {dptl} to .46
[15:11] {dptl} ok have to close it here1:2, got to go ...see ya tomorrow all
01[15:12] {Threei}  take care dp
[15:15] {pamsv} thanks all - cu tmrw
01[15:15] {Threei} Long Setup:  VXX  .50 break
01[15:16] {Threei}  If holds  .40
01[15:16] {Threei}  Invalidated
01[15:19] {Threei}  valid again
01[15:24] {Threei}  1:1
01[15:24] {Threei}  1:2
01[15:25] {Threei}  1:3
[15:25] {JoebiWan} sweet
01[15:25] {Threei}  1:4
01[15:25] {Threei}  done
[15:25] {JoebiWan} nice way to finish, ty
01[15:25] {Threei}  yw
01[15:26] {Threei}  (insert... well, you know)
[15:27] {nemo} why not trail, this could cascade into the close
[15:27] {dino} gj
01[15:29] {Threei}  ty
01[15:29] {Threei}  I just don't trade like this
01[15:30] {Threei}  when my read says move ix exhausted, I close the trade
01[15:30] {Threei}  "could do this or that" is simply not in my arsenal
[15:30] {nemo} just a trailing stop
01[15:30] {Threei}  yes
01[15:30] {Threei}  and it was hit
[15:30] {nemo} ahhh
01[15:31] {Threei}  after 1:4 it dropped under 1:3
01[15:45] {Threei}  OK guys, thank you all
01[15:45] {Threei}  have a great evening, see you tomorrow
[15:45] {JoebiWan} ty gn
[15:50] {dino} gn

Dec 15 2014

Fantastic trading day even though Mondays rarely are. 9 calls, 8 wins. Need I say more?


Session Start: Mon Dec 15 00:00:00 2014

[09:01] {dptl} gm
01[09:01] {@Threei}  dp :)
[09:03] {RonS} hi guys
01[09:03] {@Threei}  ron :)
[09:05] {RonS} opk 46+ mil sh short...ouch
[09:06] {cosmo} Monday Monday, can't trust that day,
01[09:07] {@Threei}  especially when FOMC Wed is ahead
[09:07] {cosmo} Then Tuesday is a propblem too...
01[09:07] {@Threei}  of course
[09:07] {cosmo} problem
01[09:08] {@Threei}  both
[09:12] {Jenh} gm
01[09:12] {@Threei}  jen :)
01[09:17] {@Threei}  first time in I don't remember how many years I filled up at less than $1/litre
[09:18] {dptl} 1.06 here
01[09:18] {@Threei}  .97 at Costco
[09:24] {pamsv} gm
01[09:24] {@Threei}  pam :)
[09:27] {dptl} watching twtr Vad?
[09:27] {Jfjf64} Mornin
01[09:27] {@Threei}  jf :)
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -TLM +23% (said to be aware of bid from Canada Pension takeover interest at C$6-8/shr)
01[09:28] {@Threei}  -OPK +15% (entered into global agreement with PFE for hGH-CTP marketing; OPK receiving up-front payment of $295M)
01[09:28] {@Threei}  -RVBD +10% (accepting acquisition bid from Thomas Bravo at $21/shr)
01[09:28] {@Threei}  -PETM +4.8% (BC Partners-led consortium acquiring PETM for $83.00/shr - total of $8.7B)
01[09:28] {@Threei}  -TWTR +2.5% (positive broker commentary)
01[09:28] {@Threei}  -ORCL +2.2% (positive broker commentary - MS believes customer survey suggests Cloud Apps growth in FY15)
[09:28] {ese} gm
01[09:28] {@Threei}  ese :)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -ARCP -7.8% (hired Edward Hoganson as CFO in response to Chairman stepping down)
01[09:28] {@Threei}  -PBR -2.3% (momentum from Q3 Rev numbers reported on Saturday)
01[09:28] {@Threei}  TWTR is usually untradable at the open
[09:29] {dptl} ok
01[09:33] {@Threei} Long Setup:  VXX  .60 break
01[09:33] {@Threei}  change to .55
01[09:33] {@Threei}  if .45
01[09:34] {@Threei}  1:1
01[09:39] {@Threei}  1:2
01[09:40] {@Threei}  let's try for 1:4
01[09:40] {@Threei}  if it gets to 1:3, lol
01[09:40] {@Threei}  nah
01[09:40] {@Threei}  out last part on a trail
[09:40] {JoebiWan} out ty
01[09:40] {@Threei}  yw
[09:41] {dptl} out ty
01[09:41] {@Threei}  sure thing (or whatever his dudeness would say)
01[09:42] {@Threei} Short Setup: TWTR  38 break hl
01[09:42] {@Threei}  If holds  .10
01[09:44] {@Threei}  1:1
01[09:46] {@Threei}  that's all
01[09:46] {@Threei}  for now
[09:47] {JoebiWan} brb
[09:48] {nemo} SPY 202 test
01[09:49] {@Threei}  VXX... balance got away
[09:49] {nemo} SPY pivot 201.87
[09:52] {nemo} number @10
01[09:53] {@Threei}  RTS -8% today
[09:54] {nemo} iwm looks short but numbers
[09:56] {Jfjf64} Gld
[09:56] {nemo} perfect H&S on the 1 minute
[09:56] {Jfjf64} Long here
[09:56] {RonS} DATA: Output at U.S. factories, mines and utilities grows by most since 2010 http://bloom.bg/1wzUJz4
[09:56] {nemo} BREAKING American Airlines #AA135 from London to Los Angeles is declaring an emergency. Track: emergency.airlive.net pic.twitter.com/CtjWZQijff
[09:56] {nemo} well shit, that short would have made my day
[09:59] {dptl} bhp .64 short if holds .75
01[10:00] {@Threei}  * (US) DEC NAHB HOUSING MARKET INDEX: 57 V 59E
01[10:07] {@Threei} Long Setup:  DAL  .80 break
01[10:07] {@Threei}  If holds  .70
01[10:07] {@Threei}  1:1
[10:07] {nemo} ese dcc
01[10:12] {@Threei} Long Setup:  IWM  115 break
01[10:12] {@Threei}  If holds  .90
01[10:14] {@Threei}  1:1
[10:15] {RonS} hearing police storming Sydney cafe
01[10:15] {@Threei}  on TV, yes
[10:17] {dino} mei sm l .92
[10:18] {dino} cynr sm l ave .49
[10:19] {RonS} cynr?
01[10:20] {@Threei}  maybe I need to change my attitude toward Monday
[10:21] {dino} cybr sorry
[10:25] {dptl} out bhp +.13
01[10:39] {@Threei} Long Setup:  IWM  .35 break
01[10:39] {@Threei}  If holds  .25
01[10:40] {@Threei}  1:1
01[10:40] {@Threei}  1:2
[10:41] {Jfjf64} Nice
01[10:41] {@Threei}  5 for 5
[10:41] {Jenh} thanks 3i
01[10:41] {@Threei}  can I go home?
01[10:41] {@Threei}  yw
[10:41] {JoebiWan} nice job vad
01[10:41] {@Threei}  ty
[10:42] {Jfjf64} You got ya rest this weekend
01[10:47] {@Threei} Long Setup:  CAT  .40 break hl
01[10:47] {@Threei}  If holds  .30
01[10:49] {@Threei}  1:1
[10:50] {JoebiWan} dudes on fire
01[10:50] {@Threei}  dude abides the market
01[10:50] {@Threei}  1:2
[10:51] {nemo} today, that is
[10:56] {dptl} watching coh .75 break sh if holds .85
[11:08] {dptl} stop to .71
[11:13] {dptl} to .61
[11:13] {dino} cybr sm l .72
[11:16] {dptl} to .51 coh
01[11:16] {@Threei}  nice one
02[11:16] * Disconnected
Session Close: Mon Dec 15 11:16:59 2014

Session Start: Mon Dec 15 11:16:59 2014
Session Ident: #discussions
02[11:26] * Attempting to rejoin channel #discussions
03[11:26] * Rejoined channel #discussions
[11:26] {@dptl} .
01[11:31] {@Threei} Long Setup:  VLO  46 break
01[11:31] {@Threei}  If holds  .90
01[11:38] {@Threei}  half out
01[11:38] {@Threei}  stop .94
01[11:38] {@Threei}  1:1
01[11:38] {@Threei}  to .99
[11:40] {RonS} aapl smackdown
[11:40] {nemo} no bid in the market so far today
[11:40] {nemo} aapl sauced
[11:40] {nemo} ;-)
06[11:40] * nemo thinks, "Bet Ron wish he thought of that one"
[11:43] {dino} lol
01[11:43] {@Threei}  lol
06[11:44] * @Threei grabs a bag of popcorn and waits for ron's comeback
[11:54] {dino} stop mei, stop cybr. taking break
[11:59] {RonS} .../cl sub 56
[12:06] {dptl} watching coh for long entry
[12:07] {dptl} in stop under .20
[12:11] {dptl} out
[12:40] {dino} wow, market coming bak
01[12:55] {@Threei} Long Setup:  IWM  .25 break
01[12:55] {@Threei}  If holds  .15
01[12:56] {@Threei}  1:1
[12:59] {dptl} ty
01[12:59] {@Threei}  yw
[13:01] {dptl} whoever...what makes you to play lunch breakout?
01[13:02] {@Threei}  1:2
[13:04] {dptl} so Vad, how did you se that that break out at this time is worth to try?
01[13:06] {@Threei}  this is not a breakout in a usual sense of the word
01[13:06] {@Threei}  market often floats up during lunch time after morning drop
01[13:06] {@Threei}  simply fund readable entry for that
01[13:06] {@Threei}  found
[13:07] {dptl} i see
[13:48] {dptl} coh .25 br short i holds .35
[13:52] {dptl} nope out
[13:59] {dino} .
[14:28] {dino} out five calls from last week, +.70/22%
01[14:28] {@Threei}  wtg
[14:28] {dino} ty
[14:53] {nemo} vxx
[14:53] {dptl} watching luv .70 br short
[14:55] {dptl} inval
[15:00] {nemo} 50 day SMA area for iwm spy Qs
[15:00] {dptl} watching again luv
[15:02] {dptl} inval again
01[15:03] {@Threei}  I dislike the idea
01[15:03] {@Threei}  it's a long play in my eyes
[15:03] {dptl} yeah
[15:04] {dptl} cop?
01[15:06] {@Threei} Long Setup:  JPM  .45 break
01[15:06] {@Threei}  If holds  .35
01[15:20] {@Threei}  no go
01[15:29] {@Threei} Long Setup:  VXX  .15 break
01[15:29] {@Threei}  ugh, late
01[15:29] {@Threei}  grrr
01[15:29] {@Threei}  1:2...
01[15:29] {@Threei}  double grrr
01[15:30] {@Threei}  triple
[15:32] {pamsv} thanks! - see you tmrw
01[15:32] {@Threei}  take care pam
[15:33] {RonS} no, didn't write this:  TSLA Electric cars fail to create buzz in China
01[15:33] {@Threei}  rofl
01[15:39] {@Threei}  Russian ruble crashes to world's worst-performing currency
[15:40] {dptl} cheap vodka then?
01[15:40] {@Threei}  well, for that logic should work, but consider this:
01[15:40] {@Threei}  during oil price drop, gas prices in russia actually went up
01[15:41] {@Threei}  so... :)
[15:41] {dptl} ye i saw it
[15:43] {RonS} see y'all...have a nice evening
01[15:43] {@Threei}  yes
01[15:44] {@Threei}  thank you all, very nice day with 8 wins out of 9 calls
01[15:44] {@Threei}  have a great evening, see you tomorrow
[15:44] {JoebiWan} nice job vad ty see you
[15:44] {dptl} gn all
[15:44] {Jenh} thanks 3i! gn everyone!

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: Risk Off Resurfaces


Volatility made a big comeback this week as the S&P500 index saw its first weekly loss in two months and the crude meltdown showed no signs of letting up. After two solid months of declining oil prices, the more than 10% drop in WTI futures this week, from $65 to below $58/barrel, finally triggered some significant risk-off behavior over deflation concerns. Most market watchers continue to tout the economic benefits of lower oil prices, but the speed of the decline has become unsettling. The jittery market largely ignored more strong US economic data, including excellent November retail sales and a 7-year high in the University of Michigan confidence reading, and gave more weight to ugly European industrial production and CPI data. In China, the November CPI and PPI inflation readings were concerning, with CPI hitting a five-year low, while additional economic and political reports cemented the expectation that China will reduce its official growth target for 2015. The DJIA had its worst week since late 2011, dropping 3.7%, while the S&P500 fell 3.5% and the Nasdaq lost 2.7%.

US Treasury yields have seen a notable contraction this week. On Friday, the 30-year UST ended around 2.74%, the lowest weekly close since the end of 2012. The yield on the 10-year UST fell as low as 2.09% (Recall that during the height of the Ebola angst in mid-October, the 10-year and 30-year yields briefly dipped as low as 1.86% and 2.67%, respectively). Spreads have narrowed as short-dated yields climbed in preparation for Fed tightening, further flattening out the yield curve.

The oil shock is rippling throughout global markets. Investors pulled nearly $1.9 billion from high-yield debt funds this week as lower oil prices exacerbated fears that smaller oil names could run into financing trouble. Energy debt currently accounts for around 16% of the US junk bond market. Russia continues to suffer from the oil swoon - the ruble lost another 10% against the dollar this week and not even another rate hike by the Russian Central Bank (the one-week auction rate was raised 11 bps to 10.5%) was able to arrest the slide. Meanwhile, major airlines should end up as a major beneficiary of lower oil prices. Industry group IATA forecasted 2015 airline industry profits of $25B v $19.9B y/y thanks to lower oil prices and higher worldwide GDP growth.

In Europe, deflation is looming. Core inflation rates, excluding the downward pressure of slumping energy prices, has gone negative in some euro zone peripheral nations. In the largest euro economies, France's headline November m/m CPI was -0.2% while Germany was at 0.0%. The data intensifies pressure on the ECB to launch its planned sovereign QE program as soon as possible, especially after this week's disappointing second TLTRO allotment, in which banks took only €130B, less than half the available credit on offer. The euro recovered from last week's 28-month lows, rising to 1.2500 from lows around 1.2250.

Comments from banking executives this week put some shade on the outlook for big US banks. At an investor conference, Bank of America's CEO warned that Q4 sales and trading revenue would be lower y/y and q/q. At the same conference, Citigroup's CEO warned that the bank would take a $3.5B charge in Q4 for legal investigations and would be marginally profitable after the charge. In addition, the Fed proposed a larger capital surcharge on the eight largest SIFI banks, and called out JP Morgan as the only large bank that might need to boost capital (by as much as $22B) to satisfy new capital rules.

On the merger front, Merck said it would buy Cubist Pharmaceuticals for $9.5 billion including debt, expanding its footprint in the market for drugs that target antibiotic resistant superbugs. The all-cash deal is valued around $102 per share, a 35% premium. Merck got a rude surprise just hours after announcing the deal: a US court curtailed all but one of the patents covering Cubist's top seller, Cubicin, which delivered most of the $1 billion in 2015 revenue Merck expected from the acquisition. Generics could launch as soon as mid-2016.

Japan Q3 final GDP confirmed a technical recession with a 2nd consecutive quarter of negative growth. Despite expectations of a shallower contraction via an upward revision in the CapEx component, corporate spending actually fell by a steeper 0.4% margin than the 0.2% initially reported. Since the release of the GDP report, questions over the efficacy of Abenomics policies have become more prevalent going into this Sunday's parliamentary elections, even though the initial polls suggest the opposition remains too disorganized to muster a successful government challenge. Meanwhile, general risk-off market sentiment and more vocal public opposition to excessive Yen weakness has sent USD/JPY lower on a weekly basis for the first time in 8 weeks, with the pair falling over 3 big figures, below ¥119.

A broad range of November data out of China continued to point to a gradual slowdown coupled with policymakers' attempts to manage the soft landing and also acknowledge the changing nature of the economy. The headline trade surplus topped expectations, but imports fell for the first time in 3 months amid lower shipments of hard commodities and exports were also below expectations. The further decline in oil prices has also helped to bring CPI down to a 5-year low of 1.4% - below consensus. Industrial output fell to a 3-month low and also its 2nd worst level in 5 years, while fixed asset investment hit a 13-year low and property investment a 5 1/2 year low. Only November lending figures were notably better than expected at CNY852.7B vs CNY655B consensus amid speculation that policymakers are endorsing a higher lending ceiling of CNY10T in 2014, up from CNY8.9T in 2013. On Friday, a Chinese press report citing cabinet sources indicated the concluded Economic Work Council meeting will recommend lowering the official 2015 GDP target from the 7.5% rate in 2014 for the first time in 3 years.

Dec 12 2014

Very strong day to end the week, with a lot of good juicy trades in both directions.


Session Time: Fri Dec 12 00:00:00 2014
[08:29] {dptl} good morning
01[08:49] {@Threei}  dp :)
03[08:51] * Retrieving #discussions modes...
[09:07] {dino} gm
[09:07] {RonS} gm... $AMBA - Solid note out of Pac-Crest, Bull Case $80/Share
01[09:07] {@Threei}  dino, ron :)
[09:08] {dino} ron, sorry i missed your dcc, yeah jan. .50s
[09:10] {nemo} sometimes your the bear sometimes the bear sodomizes u
01[09:13] {@Threei}  lol'
[09:14] {dino} .
01[09:18] {@Threei}  mama... oil has no bottom at all
[09:18] {nemo} what is that bright yellow circle up in the sky?
[09:21] {dino} .
[09:24] {RonS} dino's a real swinger today
[09:25] {cosmo} he has approach/avoidance syndrom
01[09:25] {@Threei}  lol
[09:26] {JoebiWan} lol
[09:27] {Jfjf64} Mornin
01[09:28] {@Threei}  jf :)
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -CCXI +106% (positive results in Phase 2 diabetic nephropathy trial with CCX140)
01[09:28] {@Threei}  -TLM +22% (Repsol reportedly finalizing €4B bid for company)
01[09:28] {@Threei}  -ONVO +6.6% (positive Mad Money feature)
01[09:28] {@Threei}  -CNC +4.2% (guided initial FY15 EPS $5.05-5.35 v. $4.90e)
01[09:28] {@Threei}  -ADBE +5.4% (Q1 guidance & initial FY15 EPS $2.05 v. $2.04e)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -EOX -14% (announced COO change, lowered FY15 capex guidance; negative broker commentary)
01[09:28] {@Threei}  -NUS -2.5% (guided initial FY15 EPS $3.80-4.00 v. $3.80e)
01[09:28] {@Threei}  -UTX -2% (no growth expected in European market; Sikorsky not for sale but entire portfolio will be reviewed)
01[09:28] {@Threei}  -SLB -1/7% (downward oil price putting pressure on drillers)
01[09:28] {@Threei}  -HAL -1.5% (downward oil price putting pressure on drillers)
[09:29] {ese} gm
01[09:29] {@Threei}  ese :)
01[09:31] {@Threei} Long Setup:  IWM  .80 break
01[09:31] {@Threei}  If holds  .70
01[09:32] {@Threei}  1:1
[09:32] {dino} gremlins
01[09:32] {@Threei}  cosmo gave a different diagnosis
01[09:33] {@Threei}  [09:25] {cosmo} he has approach/avoidance syndrom
[09:33] {cosmo} been there
01[09:33] {@Threei}  coildn't avoid it?
[09:34] {cosmo} it couldn't avoid me
01[09:35] {@Threei} Long Setup:  USO  .30 break
01[09:35] {@Threei}  If holds  .25
01[09:35] {@Threei}  wow IWM
01[09:35] {@Threei}  nice bounce
[09:35] {Jfjf64} R u out own
[09:35] {nemo} Vad.....
[09:35] {nemo} Pssssst......
[09:35] {nemo} BTFD!!!!!!
[09:36] {Jfjf64} Iwm
[09:36] {JoebiWan} ty iwm vad
01[09:36] {@Threei}  yw
01[09:36] {@Threei}  yes, out
[09:42] {Jfjf64} Cat .35 long
01[09:42] {@Threei}  meh USO
01[09:43] {@Threei}  no staying power whatsoever
01[09:44] {@Threei} Long Setup:  FB  .20 break
01[09:44] {@Threei}  If holds  .10
01[09:44] {@Threei}  1:1
01[09:45] {@Threei}  1:2
01[09:47] {@Threei}  out last part on a trail
[09:47] {JoebiWan} ty vad
01[09:47] {@Threei}  yw
01[09:47] {@Threei}  notice the coolness... "sure thing dude"-like
01[09:49] {@Threei}  wow dino
01[09:50] {@Threei}  don't remember it this bad
[09:53] {Jfjf64} Ty fb
01[09:54] {@Threei}  {FB} yw
[09:55] {Jfjf64} Cat .50 break
01[09:55] {@Threei}  * (US) DEC PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 93.8 V 89.5E
[09:57] {JoebiWan} brb
[09:57] {Jfjf64} USO 3i
[10:00] {dptl} vlo 46 break if hold .90
[10:01] {nemo} CAT
[10:03] {Jfjf64} Choppy be careful
[10:03] {Jfjf64} Had 1 winner one stop with the pussy
[10:03] {Jfjf64} Vol coming in
[10:04] {Jfjf64} .50break
[10:05] {Jfjf64} Your thoughts lower
[10:05] {Jfjf64} ?
01[10:06] {@Threei}  I don't often have thoughts but when I do, they are low
[10:06] {Jfjf64} Lol
[10:07] {Jfjf64} It was directed towards the rabbit
[10:07] {Jfjf64} Blurs symbols out
[10:07] {Jfjf64} cat
[10:07] {nemo} yes
[10:09] {nemo} not much on the algo yet
[10:13] {Jfjf64} USO
[10:13] {Jfjf64} Old
[10:13] {Jfjf64} .20 break
[10:13] {dptl} no go vlo
[10:13] {Jfjf64} Hold .30
[10:14] {Jfjf64} Lod
[10:14] {dptl} rinsed vlo
[10:18] {dptl} dal .50 br sh if holds .60
[10:18] {Jfjf64} Common dieeeeee USO
01[10:20] {@Threei}  leave it be jf
01[10:21] {@Threei}  not worth the effort
[10:21] {Jfjf64} Didn't trigger yet
[10:21] {Jfjf64} Hold .30
[10:22] {Jfjf64} Invalid
[10:23] {dptl} nope out dal
[10:27] {Jfjf64} Yahoo got lit pepper today
[10:27] {nemo} Qs relatively strong
[10:29] {nemo} VXX
01[10:30] {@Threei} Short Setup: FB  .80 break
01[10:30] {@Threei}  If holds  .90
[10:32] {Jfjf64} In
01[10:32] {@Threei}  1:1
01[10:33] {@Threei}  1:2
01[10:33] {@Threei}  (close enough)
[10:34] {dptl} ty fb
[10:34] {Jfjf64} Going. To gawp
[10:34] {Jfjf64} Vwap
01[10:35] {@Threei}  I like gawp
[10:35] {dptl} out on trail fb
[10:35] {Jfjf64} Stop.74
[10:36] {Jfjf64} ?
[10:37] {Jfjf64} Die batch
01[10:37] {@Threei}  .71
[10:38] {JoebiWan} out fb ty vad
[10:38] {Jfjf64} .35 vwap
01[10:38] {@Threei}  yw
[10:38] {JoebiWan} cool dude
01[10:38] {@Threei}  yeah, thanks
01[10:39] {@Threei}  (staying in role)
[10:40] {Jfjf64} Stop.65
[10:40] {dptl} watching dal for short
[10:40] {Jfjf64} ?
01[10:40] {@Threei}  .61
[10:40] {Jfjf64} Breath
[10:41] {Jfjf64} Wow
[10:42] {Jfjf64} Me out
[10:42] {Jfjf64} Ty
01[10:42] {@Threei}  yw
[10:42] {Jfjf64} Got no balls
01[10:43] {@Threei}  http://goo.gl/EECBQX
[10:46] {JoebiWan} lol love it
01[10:47] {@Threei}  :)
01[10:47] {@Threei}  took DAL dp?
[10:48] {dptl} no run away ,,had .50 break in mind again and couldnt get it
[10:56] {Jfjf64} FCx.54 break
[10:56] {JoebiWan} l rh 95.98 small
[11:03] {Jfjf64} 1-1
[11:16] {ese} hey nemo......you use stockcharts.com don't you?  Are you using the basic version or an upgraded version of it?
[11:18] {nemo} freestockcharts.com
[11:19] {dptl} wfm .15 br short if holds .25
[11:19] {ese} right.....what version are you using
[11:19] {ese} is it basic or upgraded
[11:20] {nemo} both actually...the new one doesn't let you use the drawing tools...so I do my drawing work in the basic, and will use the upgraded for watching my stuff during the day
[11:20] {nemo} why?
[11:20] {nemo} you giving up crayons?
[11:20] {ese} was there a cost to the upgraded version?
[11:20] {JoebiWan} lol
[11:20] {ese} lol
[11:21] {ese} well as a matter of fact.........I might be
[11:21] {nemo} no, you can use it for free: but you can't use the tools: http://www.freestockcharts.com/platform/v2/beta
[11:21] {nemo} It gives you some real nice layout capability
[11:21] {ese} how much financial information does it provide ...or is it all just technical
[11:23] {nemo} VXX
[11:24] {nemo} I have a setup where I track the DJI DJtrans SP500 NSD100 Russel Finnies and currently the oil sectors
[11:24] {nemo} dcc ese
[11:31] {JoebiWan} out rh +.82
01[11:31] {@Threei}  wtg
[11:31] {JoebiWan} ty
[11:33] {dptl} nope no go wfm
[11:37] {ese} am outta here all have a great weekend
[11:39] {nemo} http://goo.gl/tfuvHV
[11:39] {dptl} vlo .50 br long
[11:40] {dptl} invalidated for now
01[11:41] {@Threei}  dp...
01[11:41] {@Threei}  do you see much activity in SPY?
[11:42] {dptl} not much
[11:42] {Jfjf64} Have great weekend all starting happy hour don't think I'll be bk
01[11:42] {@Threei}  take care jf
[11:42] {nemo} http://goo.gl/9e0VM2
01[11:43] {@Threei}  so why are you running around trying to find new and new plays?
01[11:43] {@Threei}  make the scream at you, take only those that are impossible to ignore
[11:44] {dptl} ok
[11:46] {RonS} nemo, yesterday i didn't look at all that stuff...freakin hiarious
[11:46] {RonS} +l
[11:46] {nemo} which stuff?
[11:47] {RonS} the Canadian...
[11:47] {nemo} yeah, that's a riot...I like the homicide bomber one too
01[11:47] {@Threei}  that was me
[11:48] {RonS} ya, it was still yesterday...
[11:49] {nemo} dcc Ron
[12:09] {JoebiWan} l dow .70?
01[12:09] {@Threei}  breakdown is just as likely
[12:11] {dptl} i like it short
[12:12] {JoebiWan} k ty
[12:12] {dptl} .64 with .70 stop small risk to try
[12:17] {dptl} nope out...i'll better shut up
[12:19] {pamsv} ok guys that's me done - thanks - have a great weekend!
[12:19] {JoebiWan} cya pam
[12:26] {dptl} is that db on dal?
01[12:27] {@Threei}  yes but I wouldn't go for 48 break
01[12:27] {@Threei}  let it go, wait for pullback and buy .90 recross, with stop under .80
[12:27] {dptl} ok
[12:27] {dptl}  i like .50 break wfm
[12:37] {dptl} no go...stepping out for a break
01[12:43] {@Threei} Short Setup: DAL  .80 break
01[12:43] {@Threei}  If holds  .90
01[12:49] {@Threei}  initial idea with .90 long was better :)
[12:50] {dptl} wich also was tha case with wfm
[12:50] {dptl} breakouts not working today, pullbacks are
01[12:51] {@Threei}  that's why I suiggested what I did
[12:53] {dptl} tought week for me....
[12:53] {RonS} typing or spelling?  :)
01[12:53] {@Threei}  you seriously need to restrain this "trade for trading sake" impulse
[12:54] {dptl} well here is cop pulls back......45 recross may be?
01[12:54] {@Threei}  it's not that you can't rrad them, you can
01[12:54] {@Threei}  read
01[12:54] {@Threei}  you just can't decide when to trade and when to sit out
[12:57] {dptl} nope cop....yeah i guess
[12:59] {dptl} ok thats it...waiting for your calls now....not looking for anything else....
01[13:03] {@Threei} Long Setup:  COP  .40 break
01[13:03] {@Threei}  If holds  .30
[13:03] {dptl} in
[13:03] {nemo} UberFacts @UberFacts
[13:03] {nemo} The "Gaga" is a sex toy that combines a camera with a vibrator so users can see inside whatever the device is being inserted into.
[13:04] {RonS} ubergag
01[13:04] {@Threei}  why on earth would anyone want to ....
[13:05] {dptl} out1/3 cop ty
01[13:06] {@Threei}  1:1
01[13:06] {@Threei}  yw
01[13:06] {@Threei}  http://twilight.ponychan.net/chan/files/src/140228845525.jpg
[13:07] {dptl} 2/3 out
01[13:07] {@Threei}  1:2
01[13:07] {@Threei}  http://goo.gl/wrN56n
[13:11] {dptl} you right Vad, thats the only problem i have when not to take the trade...and i dont know how to fix it
01[13:12] {@Threei}  easy
01[13:12] {@Threei}  look at me, what am I doing right now?
01[13:12] {@Threei}  NOT taking a trade
01[13:12] {@Threei}  do the same
[13:12] {dptl} all set ups i see they scream at me
01[13:12] {@Threei}  look at SPY
01[13:13] {@Threei}  it's glued to the place when yo7u go for all kinds of breakouts, bbreakdowns, bounces
01[13:13] {@Threei}  majority of them won't work when market is inactive
01[13:13] {@Threei}  it's a DKTK time at best
[13:13] {dptl} out balance cop
01[13:13] {@Threei}  or not even that
01[13:13] {@Threei}  match your activity to market activity
01[13:14] {@Threei}  and don't be eager to find a trade
01[13:14] {@Threei}  take avidance of approach attitude as cosmo would call it
01[13:14] {@Threei}  avoidance
[13:16] {JoebiWan} stepped out to grab lunch. nice trade cop
01[13:17] {@Threei}  what trade, look at two cool dudes at 1:1 and 1:2!
[13:19] {dptl} executions wierd at logix...i asked the guys about getting better fills on pending orders, they sayd it happens sometimes, i dont know how, but funny , i just had order to sell cop at .59 and got filled somehow at .57...2c worse...better not ask them again lol
[13:21] {dptl} looking at message console, says order received 63.59 and then executed 63.57....how is that possible
[13:28] {nemo} screwed up a stop order, like that ability to adjust orders on the fly, and to oco them though
[13:29] {dptl} yes Vad, i just missing that point when to take that avoidance approach
01[13:33] {@Threei} Short Setup: DAL  .20 break
01[13:34] {@Threei}  If holds  .30
01[13:37] {@Threei}  stop to .26
01[13:38] {@Threei}  1:1
[13:38] {dptl} got some out
01[13:43] {@Threei}  1:2
01[13:44] {@Threei}  (good enough for 1/4 more out)
06[13:44] * @Threei slaps dptl around a bit with a large roll of cash
[13:46] {RonS} all hail the slacker  :)
[13:47] {nemo} Les here?
01[13:47] {@Threei}  lol
01[13:47] {@Threei}  he is no slacker... he is gremlin-attacked
[13:47] {dptl} out balance.....now its really wierd...i had bid with bats at 48.01 stock went to 47.98 and i didt get filled...how is that?
[13:48] {nemo} little bit of whipsawing going on
01[13:48] {@Threei}  is BATS sweeping all ECNs?
[13:49] {dptl} no but if level is gone its should be swept by some other ecn
01[13:49] {@Threei}  no
01[13:49] {@Threei}  if there is no "go out" option, it will sit there
[13:49] {dino} router blown
[13:50] {nemo} yeah, they just tend to shit the bed
01[13:50] {@Threei}  make sure you put laid out orders on ECNs that do sweep
[13:50] {JoebiWan} i have an extra one just in case
[13:51] {JoebiWan} (bed sheet)
[13:51] {nemo} yeah, I should probably go buy another too...about due
[13:54] {nemo} SLB below .40 interesting
[13:54] {JoebiWan} i have this one, no problems in 2.5 years
[13:54] {JoebiWan} http://tinyurl.com/oud3be7
[13:55] {nemo} I have a netgear too but forgot which one
[13:55] {dptl} what route you use on logix Vad NSDQ?
[13:56] {dptl} most of the time
01[13:56] {@Threei}  most of the time I don't bother
[13:57] {dino} .
[13:57] {dptl} lol..look in level 2 window and tell me wich route it say lol
01[13:57] {@Threei}  smat
[13:58] {dptl} smat i see that ...what is that?
[13:58] {nemo} smart
[13:59] {nemo} routing algo probably
01[13:59] {@Threei}  and with humility of wehich I am a master I assume it's smater than I am
[13:59] {dptl} oh isee...so it may hit everything?
[13:59] {dptl} i'll try that...i been using nsdq
[14:00] {nemo} or nothing...perfect for you
06[14:00] * dptl slaps nemo around a bit with a large trout
06[14:01] * nemo slaps dp around with a large mace
[14:04] {RonS} $DGLY $TASR   Democrats put out a bill requiring Police to wear body cameras, http://thehill.com/blogs/floor-action/house/226952-house-dem-introduces-bill-requiring-police-body-cameras …
[14:05] {dptl} Nemo
[14:05] {nemo} double P
[14:05] {dptl} what your using? smat?
[14:06] {nemo} edgx
[14:06] {dptl} really? in to pos and out?
[14:07] {nemo} yeah
[14:07] {dptl} hmm...ok
[14:07] {nemo} better costs...and I'm not impressed with the fills in logix so
[14:09] {dptl} i like it overall, but executions yes wierd....not the way DAS and Laser were
[14:09] {nemo} VXX
[14:13] {dino} you guys are not nonko/das anymore???
[14:14] {dptl} nonko but logix
01[14:14] {@Threei}  they just changed their major software dino
[14:15] {nemo} spy iwm dropping but vix in quicksand
[14:16] {dino} ok
[14:16] {dptl} wfm .50 short ??
01[14:21] {@Threei}  half lot
01[14:22] {@Threei}  low confidence
[14:22] {dptl} i'll skip it then
01[14:27] {@Threei}  looks better
01[14:27] {@Threei}  worth half lot
[14:27] {dptl} yeah in
[14:29] {dptl} stop .61
01[14:29] {@Threei}  1:1
[14:29] {JoebiWan} gj
[14:30] {dptl} out half
01[14:30] {@Threei}  http://goo.gl/QMuFWy
[14:31] {dptl} lol
[14:33] {JoebiWan} http://www.dudequote.com/
[14:43] {JoebiWan} does iwm look short to you?
01[14:44] {@Threei}  .40 break... could be
01[14:44] {@Threei}  half lot too
[14:44] {dptl} not in short list here
[14:44] {JoebiWan} uh cant
[14:45] {dptl} strange
[14:45] {dptl} i guess its all gone
[14:54] {dptl} out wfm
[14:55] {dptl} vlo?
[14:56] {RonS} outta here...good weekend to all
01[14:56] {@Threei}  take care ron
01[14:56] {@Threei}  no read VLO
[15:00] {dptl} what about cop?
01[15:02] {@Threei}  .20 break worth a try
[15:02] {dptl} half lot i guess
[15:04] {dptl} ok in
01[15:06] {@Threei}  1:1
[15:07] {dptl} half out
[15:07] {JoebiWan} took scalp, ty
01[15:07] {@Threei}  yw
01[15:07] {@Threei}  (insert appropriate The Dude image here)
01[15:09] {@Threei}  1/4 more out
01[15:09] {@Threei}  1:2
[15:09] {dptl} same
[15:13] {dptl} all out
01[15:14] {@Threei}  1:3
06[15:14] * @Threei slaps dptl around a bit with a large roll of cash
[15:14] {nemo} what r u in
01[15:14] {@Threei}  see? stay cool, keep the dudeness up, and things work
01[15:14] {@Threei}  COP short
[15:14] {nemo} ahhh
[15:15] {dptl} yeah pretty much flat for the day now......as i see i have to work on right time for the set ups.....looks like
01[15:17] {@Threei}  flat???
01[15:17] {@Threei}  man...
01[15:17] {@Threei}  you gotta be kidding me... one win after another, whole day
[15:17] {nemo} maybe u should think about implants
01[15:17] {@Threei}  lol
[15:18] {JoebiWan} lol
[15:18] {nemo} I talked a chick out of those at a bar one night
01[15:18] {@Threei}  what a disservice to humanity
[15:18] {JoebiWan} seriously
[15:18] {nemo} it's like playing with hard balloons
[15:19] {nemo} they suck
01[15:19] {@Threei}  who cares, let her boyfriend suffer. We just look
[15:20] {dptl} yeah...that was half lots last two trades,and with fees yes flat... so....still confused a bit...spy didt realy do anything , but you liked the set up,and looks like bunch of others i took today that didt work, so how you can tell if thats a good time?
[15:21] {nemo} how it's been doing in relationship to the market
[15:22] {nemo} how many times has it knocked on a level
[15:22] {dino} well, defragged everything, so should be up and running well monday
[15:22] {nemo} how much volume did it do each time it hit that level
01[15:22] {@Threei}  sounds dirty enough dino
[15:22] {dino} well, my swearing was pretty bad
[15:22] {nemo} need to practice then
[15:22] {dino} lol
01[15:23] {@Threei}  lol
01[15:24] {@Threei}  nemo competes for dudeness prize
[15:28] {dptl} Nemo...i look at all this stuff..
[15:29] {nemo} o.k. then...dartboard?
[15:29] {dptl} no...its something else
[15:29] {dptl} something icant figure yet
[15:30] {nemo} you take alot of trades every day, yes?
[15:31] {dptl} well thats the prob, becouse i see thouse set ups everywhere all the time
01[15:31] {@Threei} Long Setup:  VLO  .50 break
01[15:31] {@Threei}  If holds  .40
[15:31] {nemo} when the market is dead a setup is not a setup
01[15:31] {@Threei}  but a trap
[15:32] {dptl} but that last trade market didt do anything
[15:32] {nemo} time of day
[15:33] {nemo} also, market might not have been doing anything but volumes have picked up
[15:33] {nemo} individual items can run then
[15:34] {dptl} in vlo
[15:34] {nemo} long or short?
[15:34] {dptl} ?
[15:35] {nemo} simple question
01[15:35] {@Threei}  no go
[15:35] {dptl} out
[15:35] {nemo} ahhh long
[15:40] {dptl} yeah...thats one issue i been stack for long time....and just cant figure it out
[15:40] {dptl} i know how, but dont know when
[15:41] {dino} dp sees setups everywhere, i see dead people
01[15:42] {@Threei}  Heisenberg just turned over in his grave
[15:42] {nemo} did you get excited when u figured u could get that one in dino?
[15:42] {dino} dp, you seem to trade vlo alot. ditch it from screen imo
[15:43] {dptl} Dino its about particular stock its overall problem...
[15:44] {dptl} not about
01[15:44] {@Threei} Long Setup:  IWM  .90 break
[15:44] {dino} sometimes, i need to clear my screens and look at new stocks. could be a subconcious thing
01[15:44] {@Threei}  If holds  .80
[15:45] {nemo} now that's a ballsy call
[15:45] {nemo} Oh Black Monday keep on rollin'
01[15:46] {@Threei}  last scalp attemot, wuith wins for the day creating solid cushion
[15:46] {dino} gut says hedgies and mutual funds dumping everything because of oil drops, they are trying to save their year/jobs
01[15:46] {@Threei}  nah
[15:47] {dino} feels like the big gold drops, sell what you can
[15:48] {dino} who wants to show oil stocks at year end?
[15:49] {dino} how do they offset some of those losses?
[15:49] {dptl} gn all see ya monday
01[15:49] {@Threei}  all good questions dino
01[15:49] {@Threei}  take care dp
[15:50] {dino} cya dp, gl
01[15:51] {@Threei}  ok guys, thank you all
01[15:51] {@Threei}  have a good weekend
01[15:51] {@Threei}  see you monday
[15:51] {JoebiWan} thx cya
[15:51] {dino} -300

Dec 11 2014

Nice day with a few strong trades. Today we are a dove.

Session Time: Thu Dec 11 00:00:00 2014

[09:02] {dino} gm
01[09:02] {@Threei}  dino :)
[09:02] {RonS} gm...to the lonely guys
01[09:02] {@Threei}  ron :)
[09:05] {dptl} good morning
01[09:05] {@Threei}  dp :)
[09:15] {RonS} Greece -7%
[09:15] {JoebiWan} gm
01[09:16] {@Threei}  can't believe it's not under zero still
01[09:16] {@Threei}  jw :)
01[09:16] {@Threei}  but our market shrugging it off it seems
[09:21] {jfjf64} morning boys
01[09:21] {@Threei}  jf :)
[09:21] {nemo} if you haven't noticed, I'm a rabbit
[09:22] {jfjf64} whats upp doc
[09:22] {nemo} me, barely...father decided to repair the phone @2:30 this morning
[09:22] {RonS} bur you like vodka, if rabbit you would be a hopper...
[09:22] {RonS} -r +t
[09:23] {nemo} what?  u writing dos or UNIX script?
[09:23] {jfjf64} oh boy
[09:23] {RonS} dos es gut...
[09:23] {jfjf64} simpe good mornin
[09:24] {nemo} Ich lieber auf awk oder UNIX
[09:24] {dino} lulu, all over the mat
[09:24] {jfjf64} lol
[09:24] {RonS} lol
[09:24] {nemo} that doesn't make her a bad girl dino
01[09:24] {@Threei}  lol
[09:24] {RonS} thinkin did not know was writing a joke...
[09:24] {jfjf64} maybe we could milk that bbiatch today
[09:25] {nemo} wow...we've gone down the toilet even before the open
[09:25] {dino} nemo, indeed.
[09:25] {jfjf64} yeah
[09:25] {jfjf64} make some money have some fun
[09:25] {nemo} drink some _____________
[09:26] {RonS} lulu announced first Asian store on conf call
[09:28] {ese} gm
[09:28] {nemo} oh, no.....it's here
01[09:28] {@Threei}  ese :)
[09:28] {nemo} don't encourage him
[09:28] {ese} what?
[09:29] {ese} ohhhhh....you mean ron and jf
[09:29] {RonS} fcx 600 day pre low
[09:31] {RonS} have to ask...does lulu have a wide sprad?
[09:31] {nemo} wow...so now I'm the well behaved one, go figure
[09:31] {jfjf64} funny shit Alaska ron
01[09:32] {@Threei} Long Setup:  VXX  .60 break
01[09:32] {@Threei}  If holds  .55
01[09:34] {@Threei} Long Setup:  VXX  .50 break
01[09:34] {@Threei}  If holds  .45
01[09:34] {@Threei}  still not ready
[09:34] {jfjf64} not yet
01[09:35] {@Threei} Long Setup:  VXX  .45 break
01[09:35] {@Threei}  If holds  .40
[09:35] {dino} lol ron
01[09:35] {@Threei}  let's go VXX
01[09:35] {@Threei}  gravity exists, you heard?
01[09:36] {@Threei}  wow... it doesn't
[09:38] {jfjf64} now
[09:39] {nemo} SPY IWM Finnies topped out at 2 day vwap
[09:39] {nemo} buth that's not holding them
[09:39] {nemo} 205 next target spy
[09:39] {nemo} resistance .20 area
01[09:40] {@Threei} Long Setup:  VXX  .25 break
01[09:40] {@Threei}  If holds  .20
01[09:41] {@Threei}  1:1
01[09:41] {@Threei}  wanted also DAL short but that thing teleported
[09:43] {dptl} l hds .71
01[09:45] {@Threei} Short Setup: MCD  .70 break
01[09:45] {@Threei}  If holds  .80
01[09:46] {@Threei}  1:1
[09:46] {dptl} half out hds
[09:49] {nemo} could argue spy short here but it's early
01[09:49] {@Threei} Short Setup: FB  .20 break
01[09:49] {@Threei}  If holds  .30
01[09:52] {@Threei}  die already
01[09:52] {@Threei}  1:1
01[09:54] {@Threei}  1:2
[09:54] {dptl} out balance hds
[09:55] {dptl} but looks like rinsed
[09:55] {dino} mei drop
[09:56] {RonS} one of my grandaughter's middle name...
[09:57] {dino} nice
01[09:58] {@Threei}  closed last 1/4 on a trail
[09:58] {dino} mei sm l .92
[09:58] {dino} mrh spike
01[10:00] {@Threei}  *(US) OCT BUSINESS INVENTORIES: 0.2% V 0.2%E
[10:00] {dino} mrh sm s .30
[10:02] {JoebiWan} got mei for .58 thx dino
[10:03] {dino} gj
01[10:03] {@Threei}  wtg
[10:04] {dino} out mei .65, +.73
[10:05] {JoebiWan} gj
[10:05] {dino} cov mrh .37, +.93
[10:05] {nemo} this is weird, very small universe in the algo today, and this huge move
[10:05] {dino} ty joeb
[10:05] {nemo} gotta' be options related
[10:06] {nemo} or futures rollover
[10:06] {dino} that joebi funy, hits a good one and quits
[10:06] {dino} mei drop again
[10:07] {jfjf64} gld
[10:07] {jfjf64} 117 break
[10:08] {nemo} fb looks long
[10:10] {nemo} guess not
[10:10] {nemo} would have to hold .25
[10:10] {nemo} wow jerky action
[10:10] {dptl} nlsn 43 br short looking
[10:11] {jfjf64} get off ya ass gld
[10:14] {dino} mei sm l .90
[10:16] {jfjf64} 1:1
[10:17] {nemo} BTFD!!!!!
[10:18] {jfjf64} btfd
[10:19] {RonS} amba thump
01[10:23] {@Threei} Long Setup:  IWM  .15 break
[10:23] {dino} cybr sm l .09
01[10:23] {@Threei}  Invalidated
[10:25] {nemo} looks like spy wants to test 206 and the gap
[10:25] {jfjf64} 1:2
[10:26] {jfjf64} 1:3
[10:27] {jfjf64} 1:4
01[10:27] {@Threei}  nice one
[10:27] {dino} wtg jf
[10:27] {jfjf64} nemo ya buy the btfd
[10:28] {nemo} fuck no
[10:28] {nemo} and haven't found anywhere to get in
[10:29] {jfjf64} stop.15
[10:31] {jfjf64} stop.22
[10:31] {jfjf64} 1:5
[10:31] {jfjf64} 1:6
[10:32] {jfjf64} 1:7
[10:32] {jfjf64} me so out
01[10:32] {@Threei}  fantastic catch
[10:33] {jfjf64} ty
[10:33] {jfjf64} went as low as 117.01 on pullbk
[10:33] {jfjf64} after 1;1
[10:33] {dino} wow and lol, wtfd
[10:33] {dino} wtfg
[10:34] {jfjf64} some times ya a dove   some time statue
01[10:34] {@Threei}  :)
[10:34] {dino} sometimes you eat the bear...
[10:34] {jfjf64} yes
[10:34] {jfjf64} rather lulu
[10:35] {RonS} took cybr .05 out .55 +.50 thanks dino
[10:35] {jfjf64} 20 break vxx
[10:37] {dino} yw ron, gj
[10:37] {jfjf64} 1;1
[10:39] {dino} jf in the zone....
[10:39] {jfjf64} I wish
[10:39] {jfjf64} ty
[10:39] {nemo} Twilight Zone
[10:40] {jfjf64} lol
[10:45] {JoebiWan} rh .98 break?
[10:45] {JoebiWan} 98
01[10:45] {@Threei}  spread is beyond my risk preferences
[10:46] {jfjf64} .20 break dal
[10:47] {jfjf64} hold 10
[10:48] {jfjf64} 1:1
[10:50] {jfjf64} out
[10:50] {dptl} hds .95 long if holds .85
01[10:53] {@Threei} Long Setup:  SLW  .15 break
01[10:53] {@Threei}  If holds  .10
[10:58] {dptl} stop to .89 hds almost riched 1:1
[11:02] {jfjf64} .70 break s lulu
[11:02] {jfjf64} invalid
01[11:05] {@Threei}  1:1
[11:06] {jfjf64} lets go slw
[11:06] {jfjf64} hod
[11:07] {dino} amba sm l .25
[11:08] {JoebiWan} in with ya dino
[11:09] {jfjf64} .70 break lulu s
[11:10] {jfjf64} nope
[11:13] {ese} gotta ....3 shows in the next 5 days......watchin jf......good job...rockin...cya all
[11:13] {ese} gotta go
[11:13] {dptl} out hds
[11:14] {jfjf64} rock +roll ese
[11:14] {ese} cya jf
[11:14] {ese} nice job today
[11:14] {jfjf64} ty
[11:15] {jfjf64} just need to be consistant
[11:15] {jfjf64} common slw
[11:15] {jfjf64} do ya work
[11:16] {dptl} rio watching .30 break long
[11:17] {jfjf64} .33 stop vg
[11:17] {dptl} or .20 short double sided i think
[11:18] {jfjf64} ?
01[11:20] {@Threei}  1:2
[11:20] {jfjf64} thought ya fell off chair
[11:20] {JoebiWan} out slw  ty vad
[11:20] {jfjf64} me outty
01[11:20] {@Threei}  I think long is more likely, jg
01[11:21] {@Threei}  jf
02[11:23] * Disconnected
Session Close: Thu Dec 11 11:23:11 2014

Session Start: Thu Dec 11 11:23:11 2014
Session Ident: #discussions
02[11:26] * Attempting to rejoin channel #discussions
03[11:26] * Rejoined channel #discussions
[11:27] {jfjf64} got booted
01[11:27] {Threei}  1:3  SLW
03[11:28] * Retrieving #discussions modes...
[11:29] {jfjf64} .95 break vxx
01[11:34] {@Threei}  closed at 1:4
01[11:34] {@Threei}  I guess today we are dove
01[11:44] {@Threei} Long Setup:  VLO  .50 break
01[11:45] {@Threei}  If holds  .40
[11:47] {dptl} rio .20 break sh if holds .30
01[11:47] {@Threei}  Invalidated
[11:51] {JoebiWan} stop amba -.30
[11:51] {dptl} stopped rio
01[11:51] {@Threei}  how many trades on RIO today?
[11:52] {dptl} 2
01[11:52] {@Threei}  none worked?
[11:52] {dptl} one flat and this one
01[11:52] {@Threei}  hope you are not going for the third
[11:53] {dptl} i am gonna take a break now
01[12:01] {@Threei}  Volatility is back this week, with US equity markets see-sawing higher today after the up-and-downs of the last three sessions. This morning the decent retail sales report has sent the DJIA and the S&P500 up more than one percent a piece. WTI crude came within a whisker of a 50 handle this morning, and as of writing is around $60.86
[12:03] {dino} dp, imo you're pushing too hard
[12:07] {jfjf64} thoughts vxx
01[12:08] {@Threei}  pullback under .80 and will be interested in recross entry
01[12:18] {@Threei} Short Setup: VLO  .25 break
01[12:19] {@Threei}  If holds  .35
[12:29] {JoebiWan} twtr?
01[12:29] {@Threei}  .85 short...
[12:33] {JoebiWan} s twtr .85
[12:34] {dptl} same in twtr in vlo
[12:34] {dptl} half size both
01[12:36] {@Threei}  Reuters: Russia condemns US over 'inquisitorial torture'
01[12:36] {@Threei}  MOSCOW - Russia is shocked by revelations about CIA torture in the wake of the Sept. 11 attacks
01[12:36] {@Threei}  must be the most ironic headline of the month
01[12:38] {@Threei}  this is coming from country where norm is, say, to place a suspect in the camera with hardcore criminals and instruct them to beast the crap out of him until he begs to let him sign a confession
01[12:38] {@Threei}  beat
01[12:40] {@Threei}  no go VLO
[12:40] {dptl} stopped vlo
01[12:44] {@Threei}  1:1  TWTR
[12:44] {dptl} out 1/3 ty
01[12:45] {@Threei}  jw, this is where you say "yw"
[12:45] {JoebiWan} yw dp!
01[12:45] {@Threei}  and don't add any smiles or whatever, stay cool
01[12:45] {@Threei}  exclamation marks are no no either
01[12:46] {@Threei}  just, you know... "sure bud, whatever"
[12:46] {JoebiWan} aint no thing
[12:46] {dino} mei sm l .00
[12:48] {dptl} cop .10 long
[12:48] {dptl} if holds 65
[12:49] {JoebiWan} out mei +.52 thx dino
01[12:49] {@Threei}  wtg
[12:50] {dino} wow gj joe
[12:50] {JoebiWan} did you stop out amba earlier?
[12:53] {JoebiWan} twtr 1:2
[12:53] {dptl} 2/3 out twtr
01[12:54] {@Threei}  1:2
[12:55] {dino} yes -.35
[12:57] {dino} out cybr .92 -.18
[12:58] {dino} amba sm l .80
[13:00] {RonS} amba seems to be trading w/ gpro fwiw
[13:02] {dino} thx ron
[13:04] {dino} fb feels like it wants 80 strike
[13:07] {dptl} stopped cop
[13:08] {dptl} out twtr
01[13:11] {@Threei}  Small earthquake off the coast of Vancouver Island
[13:15] {dptl} watching wfm .20 sh
01[13:15] {@Threei}  nice chart
01[13:15] {@Threei}  I ish it weren't lunch time
[13:17] {dptl} i'll try half
[13:21] {dptl} oh.. bids were gone i got in
01[13:25] {@Threei}  http://rottenpanda.com/things-that-only-happen-in-canada/
[13:26] {dptl} hal watching .70 sh if holds .80
[13:35] {JoebiWan} lol that canadian grafitti
01[13:35] {@Threei}  most of the are true... the rest are hillarious :)
01[13:36] {@Threei}  I am telling you, this must be the only country where the guy whose foot you step on says sorry
01[13:36] {@Threei}  and that's a rude one
01[13:36] {@Threei}  polite one will also ask if you are OK
[13:37] {dptl} will move stop to .76 hal
[13:38] {JoebiWan} lol dude watching hockey surrounded by 20 chicks
[13:38] {dptl} 1/3 out hal
[13:41] {RonS} got amba +.85 thanks dino
[13:42] {JoebiWan} gj
01[13:43] {@Threei}  nice
[13:45] {RonS} Goldman CEO on China's economic data:
[13:45] {RonS} "Do I believe the numbers? I believe there are numbers”
01[13:45] {@Threei}  lol
[13:46] {dino} amba stop to .83
[13:47] {dino} mei drop again, gap 35.70s
[13:49] {dino} out amba .81, +1.01
[13:49] {JoebiWan} nj
[13:49] {dino} ty
[13:53] {RonS} nj = nut job?
[13:53] {dptl} 2/3 out hal
[13:54] {RonS} mei mei in Chinese means little sister...and mei is growing shorter by the minute...
[13:54] {nemo} should bounce by .40
01[13:54] {@Threei}  jw is canadian in his heart ron... it was "nice" job
[13:54] {RonS} ah
[13:54] {JoebiWan} sorry
01[13:54] {@Threei}  no, I am sorry
[13:54] {RonS} lol
01[13:54] {@Threei}  :)
[13:55] {dptl} out hal
01[13:55] {@Threei}  wtg
[13:55] {nemo} mhhh, if indexes pickup, FB over .46 could go for a ride
01[13:56] {@Threei}  I'd even get .40 break as aggressive
01[13:56] {@Threei}  if SPY started signaling first
[13:57] {nemo} indexes weird though IWM holding under VWAP spy and finnies just above
01[13:57] {@Threei}  see, we have .50 - .52 resistance
[13:57] {nemo} Qs above
01[13:57] {@Threei}  .46 is too close
01[13:57] {@Threei}  .40 will give room for partial there
01[13:57] {@Threei}  to secure a trade
01[13:57] {@Threei}  anyway, SPY rug pull
[13:58] {nemo} to just below vwap
[13:58] {nemo} get all the long stops under there
01[13:58] {@Threei}  we already ssw the most itonic headline of the day,
[13:58] {nemo} that's also the morning breakout area
[13:58] {nemo} bustin alot of stops
01[13:58] {@Threei}  now comes the most moronic:
01[13:58] {@Threei}  (US) White House Press Sec Earnest: US closely watches oil prices
[13:58] {dino} mei wtf
[13:58] {dino} gap fill and more on a big beat and raise
[13:59] {RonS} but do they watch them earnestly?...
[14:00] {dino} adding mei calls
06[14:00] * @Threei slants at nemo to see how he takes this severe abuse of humor
[14:00] {RonS} month/strike?
[14:00] {nemo} I threw up on the keyboard
01[14:00] {@Threei}  thought so
01[14:01] {@Threei}  I swear ron does it with you in mind
[14:01] {RonS} rotflol
[14:01] {nemo} I have no doubt
[14:02] {dptl} wfm stop to .26
[14:04] {dino} mei sm l .50 break
[14:12] {nemo} vxx might be a short soon
[14:16] {nemo} nope, looks like they're gonna drop the market
[14:17] {RonS} test
[14:17] {RonS} .../cl busted 60
[14:18] {dptl} 1/3 out wfm
[14:18] {JoebiWan} same ty dp
[14:18] {dptl} yw
[14:18] {JoebiWan} took its sweet time
[14:19] {pamsv} cheers all - have a good evening!
01[14:20] {@Threei}  take care pam :)
[14:21] {nemo} think this is it
[14:22] {RonS} said the guy channeling Kenny Loggins...
[14:22] {nemo} yeah, and your mutha don't dance
[14:22] {dptl} not complaining but but dont understand if i have a pending order  bid at .10 let say to get fill at .08? happens quite offten
[14:22] {RonS} saw them back in the day...
[14:23] {nemo} me 2
[14:23] {RonS} ucsb...messina still lives in SB
[14:24] {dptl} how is that possible?
01[14:24] {@Threei}  you'll have to ask logix guys dp
[14:24] {RonS} can you spell ... o l d?
[14:24] {dptl} and seeing prints at .10 going
01[14:24] {@Threei}  ot has to do with logic of rouging algorithm
01[14:24] {@Threei}  routing
[14:24] {RonS} oh, sorry...
[14:24] {dino} dp, slippage, it happens
01[14:25] {@Threei}  dino... he is getting orice improvement
01[14:25] {@Threei}  on limit order
[14:25] {dptl} no its not about slippage ..its somethingelse
[14:26] {dptl} pending limit yes
01[14:27] {@Threei}  I have my suspicion
01[14:27] {@Threei}  but I'd rather they answered it
[14:27] {dptl} ok, what is it
01[14:27] {@Threei}  let me put it this way:
[14:27] {dino} hmmm, i get fills all around my pendings, sometimes better, most times pemmy or three worse
01[14:28] {@Threei}  as long as you don't encounter situation where .10 prints go through and level is pierced, you don't get your fill and price bounces, be happy :)
[14:28] {JoebiWan} i had one .12 cents worse than a sell limit order today
[14:28] {dptl} when you punch the price you want yes..but i am talking pending orders
[14:28] {JoebiWan} out wfm
[14:29] {dptl} 2/3 out
[14:30] {dptl} some time i see level gone, but i still not filled until next level appers
[14:30] {nemo} logix does not get the best fills, probably not collocated
01[14:31] {@Threei}  that crap is gone
01[14:31] {@Threei}  forget colocation thingy, it's dead
[14:31] {nemo} what crap
[14:31] {nemo} really, how do you figure?
01[14:31] {@Threei}  one more year, no one will even remember what HFT was
01[14:31] {@Threei}  easy
01[14:32] {@Threei}  profits dropped significatnly, HFT war for milliseconds doesn't pay for itself anymore
01[14:32] {@Threei}  number of firms decreased greatly
01[14:32] {@Threei}  remaining ones fight for the share of decreasing pie
[14:32] {nemo} as long as their advantage is not enforceably regulated out, they'll be around...they have a physics infrastructure advantage
01[14:33] {@Threei}  expense of colocation and endless war for speed is not compensated for anymore
01[14:33] {@Threei}  they will be around, sure
[14:33] {dptl} even now my order to buy at 48(pending), was filled at 47.99
01[14:33] {@Threei}  in smaller numbers, with way lower volume
[14:33] {nemo} I've watched on stocks I was playing that had a .02-.03 cent spread.  I'd send an order, and an order would pop up right in front of me before I got their
[14:34] {nemo} there
[14:34] {nemo} bounce time?
01[14:34] {@Threei}  so what? This kinf of things was always happening
[14:35] {dptl} out wfm 1:3
01[14:35] {@Threei}  you cxan't confidently sttirbute it to HFT algorithms
[14:35] {nemo} not like this
[14:35] {JoebiWan} gj dp
[14:35] {dptl} ty
[14:35] {nemo} Look, there's a documented difference in time stamping between the SIP and collocated system...that's a physical advantage
01[14:35] {@Threei}  gosh... who argues with that
01[14:35] {@Threei}  you don't listen to what I say
[14:36] {dptl} and agai .90 bid filled at .89 lol
[14:36] {nemo} o.k. so the species population will reduce, but they will still be there
01[14:36] {@Threei}  [14:33] {@Threei} they will be around, sure
[14:36] {jfjf64} anything going on
01[14:36] {@Threei}  yes... dp makes money
[14:37] {nemo} and they will feed on those who don't have their advantage
[14:37] {jfjf64} nice
01[14:37] {@Threei}  nemo argues with himself
[14:37] {jfjf64} nice
[14:37] {nemo} so we will continue to get sub par fills
[14:37] {dptl} hmm..more like recovering again. with small sh. still down
[14:37] {nemo} I can't read today
01[14:38] {@Threei}  2013:
01[14:38] {@Threei}  Whether high-frequency trading is good for investors or bad, one fact that no one disputes is the drastic drop in HFT profits.
01[14:38] {@Threei}  2104 was even more pronounced
[14:38] {nemo} sure, less room in the ecosystem
01[14:39] {@Threei}  no, it's worxse than that
01[14:39] {@Threei}  look:
01[14:39] {@Threei}  Just how much smaller are the profits? Well, for GETCO, the largest HFT player in the U.S. markets, profits from HFT shrank 82% last year, down $110.2 million from 2011. That's staggering.
[14:39] {dino} 2104, i must have fallen asleep
01[14:39] {@Threei}  hehe
01[14:39] {@Threei}  Profits from all market participants using high-frequency trading strategies dropped to $1 billion last year, reportedly down from $5 billion just four years ago.
01[14:39] {@Threei}  Does this mean HFT will disappear? No, certainly not. However, the game has shifted. No longer can anyone with a server, an algo and some capital enter the high-frequency trading space and expect to compete.
[14:40] {jfjf64} vxx chart nice
[14:40] {jfjf64} missed ride up
[14:40] {nemo} short was .50 but I hesitated
[14:41] {jfjf64} looks good
[14:41] {dptl} you cant short vxx
[14:41] {JoebiWan} are u able to short vxx?
[14:41] {nemo} long xiv
[14:41] {jfjf64} slow with trigger finger today
[14:42] {jfjf64} what is xiv
[14:42] {nemo} jf.....
[14:42] {nemo} wtf!!!!
[14:42] {dptl} vxx with screen upsiddown
[14:43] {nemo} drinking again dp?
[14:43] {jfjf64} never traded before
[14:43] {nemo} that's what u do when you can't short vxx
[14:43] {nemo} but looks like it was good I missed...today is weird
[14:43] {dptl} def of xiv :)
[14:44] {dino} inverse vix
[14:44] {jfjf64} ty
[14:45] {jfjf64} basically the spy
[14:47] {dptl} watching cop for bounce
[14:49] {nemo} sp bounce betwee .18 and the whole
[14:51] {dptl} in .49 stop
[14:51] {jfjf64} nailed it nemo
[14:52] {nemo} not quite, only got down to .29, but it might get lower on a DB dp
[14:53] {nemo} ;-)
[14:54] {jfjf64} short fcx .30 break
[14:56] {dptl} 1/3 out
[14:56] {dptl} be stop
[14:57] {dptl} out
[14:58] {nemo} big volume spy
[14:58] {dptl} still watching for reload
[14:58] {nemo} trying to bottom it
[14:59] {dptl} in
[14:59] {nemo} you need a stop to below the whole here
[15:00] {nemo} spy really starting th throw volume at these levels
[15:00] {nemo} will they be pissin' in the wind?
[15:02] {nemo} you partial yet dp?
[15:02] {dptl} 1/3 out
[15:04] {jfjf64} stop on fcx .31
[15:04] {jfjf64} cant get out of own way
[15:04] {jfjf64}  die
01[15:04] {@Threei}  whew... dp, I am really tired of pushing that frikin COP for you
01[15:05] {@Threei}  not even saying of being borderline illegal
[15:05] {dino} lol
[15:07] {jfjf64} common gimme 1:1
[15:08] {dptl} out cop
[15:10] {jfjf64} it breaks .20 gonna die
[15:15] {dptl} thinking short .54 now cop
[15:15] {jfjf64} 1:1
[15:15] {nemo} pr ;pmg abpve /68
[15:16] {nemo} bottomed at pivot
[15:16] {nemo} or long @.68
[15:16] {dptl} yes
[15:17] {dptl} but i like sh more
[15:17] {nemo} like is an emotion
[15:17] {nemo} what triggers
[15:19] {dptl} three days in a row i am loosing in the morning and doing better in the afternoon....
[15:19] {nemo} don't come in in the morning
01[15:20] {@Threei}  and then it will change
[15:20] {nemo} we'll all feel better
[15:20] {dptl} yeah
01[15:20] {@Threei}  for how long it was the opposite, productive morningsa and dead afternoons?
[15:20] {jfjf64} get chopped up commission when trying to dig out
[15:20] {jfjf64} I know
[15:20] {jfjf64} sucks
06[15:20] * nemo {=dickhead
[15:21] {dptl} yeah...dont know what to do
[15:22] {jfjf64} cant trade all day
01[15:22] {@Threei}  gosh...
[15:22] {jfjf64} we know that
01[15:22] {@Threei}  I better shut up
[15:22] {jfjf64} stattue/dove
[15:22] {jfjf64} what were ya gonna say 3i
[15:24] {dino} paper trade the early morning, until it starts working
01[15:24] {@Threei} Long Setup:  IWM  .75 break
01[15:24] {@Threei}  If holds  .65
[15:25] {jfjf64} stop.21 fcx
[15:25] {dino} i had a time when i always missed on my first trade. now i start later, 9:45
01[15:26] {@Threei}  no go
[15:26] {nemo} I see a short setup
[15:27] {nemo} but I think they try to get spy to vwap @.30ish
01[15:27] {@Threei}  no way
01[15:27] {@Threei}  no short here
[15:27] {dptl} out 1/3 cop
[15:28] {jfjf64} keep get kicked off all day
[15:28] {jfjf64} micosoft essentials
01[15:28] {@Threei}  it sucks
01[15:28] {@Threei}  shut it down
01[15:28] {@Threei}  why do ou need it anyway?
[15:29] {nemo} they suck...get Tass-Watch from Ngran.com
[15:29] {RonS} neve had a problem w/ it...
[15:29] {nemo} Tas-Watch
01[15:29] {@Threei}  do you open e-mails with attachments that say "here is your penis enlargement?"
[15:29] {JoebiWan} lol
[15:29] {RonS} only when mt wife calls me "lttle shorty"...
[15:30] {JoebiWan} aw
[15:30] {nemo} what's great about Tas-watch is it works at the sub-Windows level...malware and viruses don't see it
01[15:30] {@Threei}  or install programs that promise to earn money for you qwhile you are asleep?
01[15:30] {@Threei}  frikin rinse
[15:30] {jfjf64} get it online tas watch
[15:30] {nemo} yes
[15:30] {nemo} ngran.com
[15:31] {jfjf64} ty
[15:31] {jfjf64} im only usin essentials as of now
[15:31] {nemo} http://ngran.com/products.html
[15:31] {jfjf64} ty nemo
[15:31] {dptl} out cop
[15:31] {nemo} even they said to stop using them
[15:31] {jfjf64} ?
[15:31] {nemo} Microsoft
[15:32] {jfjf64} 1:2
[15:32] {jfjf64} stop .16
[15:34] {nemo} when you get it JF, run an intial scan creating a system Hash, then update it once a week or so
[15:35] {dptl} .60 sh cop will try
[15:36] {JoebiWan} stop mei -.04
[15:37] {jfjf64} 1:3
[15:37] {jfjf64} stop.10
[15:38] {dptl} nope out cap
[15:38] {nemo} held the close and pivot
[15:38] {jfjf64} bigvol bar
[15:39] {jfjf64} stop .08
[15:44] {jfjf64} out
[15:47] {jfjf64} good night all
[15:47] {jfjf64} enjoy
[15:48] {dino} gn
[15:56] {dino} wow dji giving it all back
[15:56] {dptl} oops
01[15:56] {@Threei}  yeah
01[15:57] {@Threei}  OK guys, thank you all
[15:57] {dptl} were we disconected
01[15:57] {@Threei}  have a good evening, see you tomorrow
[15:57] {dptl} gn all
[15:57] {JoebiWan} gn ty
[15:58] {dino} out mei .68, +.18