Dec 05 2008

Beautiful day. Not without couple stops but a lot of trades worked like charm. Got the rally timing just right although somewhat underestimated its strength. Identified the hottest item for the day early too - HIG did wonders. Little educational exchange on the last 15 minutes of the day, to polish thing off. 

Session Time: Fri Dec 05 00:00:00 2008

[08:30] {Geo} gm

[08:39] {Threei}  was that Good Morning, or General Motors?

[08:41] {Geo} sigh... good morning

[08:42] {Threei}  ok... good morning then :)

[08:42] {Threei}  oil... how low can you go?

[08:43] {Threei}  NOV UNEMPLOYMENT RATE: 6.7% V 6.8%E

[08:43] {Threei}  NOV CHANGE IN NONFARM PAYROLLS: -533K V -335KE; CHANGE IN MANUFACTURING PAYROLLS: -85K V -100KE

[08:43] {Threei}  - Prior Oct Nonfarm revised Lower from -240K to -320K

[08:43] {Threei}  - Prior Oct Manufacturing revised from -90K to -104K

[08:43] {Threei}  - US Nonfarm Payroll decline is the highest since Dec 1974

[08:43] {Threei}  NOV AVERAGE HOURLY EARNINGS M/M: 0.4% V 0.2%E; AVERAGE WEEKLY HOURS: 33.5 V 33.6E

[08:43] {Threei}  - Prior Average Hourly Earnings MoM revised from 0.2% to 0.3%

[08:49] {Threei}  PIMCO'S EL ERIAN: DECLINE IN NOV PAYROLLS INDICATES POTENTIAL NEGATIVE US GDP OF 4-5% IN Q4

[08:52] {wishbone} gm all

[08:52] {Threei}  wishbone :)

[08:56] {Threei}  08:30am [HIG] Raises FY08 EPS guidance to $4.70-4.90 v $4.36e

[09:00] {KSystems} Good morning!

[09:00] {patience} good morning guys  :)

[09:01] {Threei}  ks, patience :)

[09:01] {wishbone} vad..yesterday when scalping uaua u told geo to give couple cents above market for entry (stop limit)...

[09:01] {Threei}  yes sir

[09:02] {wishbone} i don't understand how to enter that?

[09:02] {Threei}  let's say market is 10 x 10.01

[09:02] {Threei}  you decide to enter here,

[09:03] {Threei}  you click on 10.03 on level2

[09:03] {Threei}  and click limt buy

[09:03] {Threei}  this way you give it couple cents leeway

[09:03] {Threei}  so you don't miss it altogehter if it starts ticking as you click

[09:04] {Threei}  but you are protected from too high entry which may come if you use market

[09:04] {Threei}  and stock upticks sharply

[09:05] {wishbone} ok...thought u were talking about specific setting in laser ...ty vad

[09:05] {Threei}  :)

[09:05] {Threei}  I am not sure if you can set this with hotkeys

[09:05] {Threei}  those who use them may be able to help

[09:06] {Geo} yes you can

[09:07] {Geo} you just use your hot key for bid..... use right arrow for lets say 4 ticks above and hit enter

[09:07] {wishbone} ty geo

[09:08] {Geo} thats how i use it.... try it on Qs on 100 shares before going to UAUA :)

[09:09] {dptl} good morning all

[09:10] {Threei}  dp :)

[09:10] {Threei}  HIG is likely to be a hot item today

[09:11] {peterg} morning akk

[09:11] {peterg} all

[09:11] {Threei}  peter :)

[09:12] {peterg} have set up new slap w thks to geo

[09:12] {Threei}  welcome to 21st century of advanced slapping!

06[09:12] * Geo slaps peterg around a bit with a large blackberry box

06[09:13] * peterg slaps Geo around a bit with a large turquoise 57 chevey nova

[09:13] {Onix} Good morning all

[09:13] {Threei}  onix :)

[09:14] {dino} gm all

[09:15] {Threei}  dino :)

[09:18] {Onix} hi dino

[09:20] {magoo} morn

[09:20] {Threei}  magoo :)

[09:20] {Onix} hi magoo

[09:26] {ese} another fine day in trading land.....

[09:26] {Threei}  ese :)

[09:26] {ese} morning vad

[09:29] {ese} advanced slapping........cool........

[09:29] {peterg} customized slaps

[09:30] {ese} to meet everyones needs.......also cool

[09:30] {lisa_jay} Good morning everyone.

[09:30] {Threei}  lisa :)

[09:30] {ese} lisa

[09:32] {ese} welllll.......slap this market around a bit will ya vad.....

[09:32] {Onix} hi lisa

[09:33] {lisa_jay} Hi Onix, Ese, Vad.

[09:33] {Threei}  wow... that was fast on HIG

[09:33] {magoo} i caugfht it .40 to .80p

[09:37] {Threei}  DRYS

[09:38] {Threei}  sheesh

[09:38] {Threei}  pure teleportation

[09:38] {ese} second day in a row that DRYS has kida done this

[09:39] {Threei}  HIG seems to be aiming for 11

[09:39] {Threei}  voaltile as hell

[09:40] {magoo} mktts trying to go green

[09:41] {Threei} Long Setup:  HIS  .50 half lot if stays above .30

[09:41] {Threei}  HIG

[09:41] {ese} would agree mags......doesn't sem to take much to set them off

[09:42] {Geo} wo

[09:42] {Geo} in 54 out 73

[09:42] {Geo} TY vad

[09:42] {Threei}  half out .72

[09:43] {magoo} waiting .94

[09:43] {peterg} out .82 +42 ty vad

[09:43] {Threei}  welcome guys

[09:43] {Threei}  took it aggressively peter?

[09:44] {peterg} yep

[09:44] {peterg} sometimes stupidity works for me

[09:44] {peterg} sometimes it doesnt

[09:44] {Threei}  I don't see it as stupidity

[09:44] {Threei}  it's personal preference

[09:45] {peterg} sometimes its that too

[09:45] {Threei}  with this kind of entries you'll have more stops but they'll be tighter

[09:45] {Threei}  and wins will be bigger

[09:46] {Threei}  watching for possible re-entry

[09:47] {Threei}  DRYS pulled back

[09:48] {Threei}  if market jumps up, it will be a play again if gives a delay for entry

[09:48] {ese} come on Cramer.....call a fourth bottom....2 days in a row.......whats wrong with ya man!!!!

[09:49] {Threei}  look how strong UAUA is

[09:56] {magoo} read on HIG vad?

[09:56] {Threei}  not sure

[09:56] {Threei}  UAUA is again near 11, yest resistance

[09:57] {peterg} yest?

[09:57] {peterg} surely you yest

[09:57] {Threei}  yesterday

[09:57] {peterg} ok

[09:57] {Geo} NQ broke yes low

[09:58] {peterg} yes wa thrsdy

06[09:58] * Threei slaps peterg around a bit with a large mayan calendar

[09:58] {peterg} rofl

06[09:59] * peterg slaps Geo around a bit with a large tomb of tutankanem

[09:59] {Threei}  UAUA forms standard JBE

[09:59] {Geo} ahhha

[09:59] {lisa_jay} Vad, for Q's if you are trading 500 - 1000 shares do you need to use reserve orders?  Thanks.

[09:59] {Threei}  .85 - 11

[10:00] {Geo} peterg it is tutankhamun

[10:00] {lisa_jay} Sorry, answer me later after trade then.

[10:00] {peterg} thks, wasnt sure

06[10:00] * Geo feels smart for a change

[10:00] {Threei}  it's just that UAUA is not a standard stock

[10:00] {peterg} you da man

[10:00] {Threei}  no lisa

[10:00] {Threei}  on Qs it doesn't matter

[10:01] {lisa_jay} Ok, thanks.

[10:01] {Threei}  not a thin stock where your large position could scare someone

[10:07] {Threei}  WHITE HOUSE ADVISOR HENNESSEY: ECONOMY FACES 'SIGNIFICANT DOWNSIDE RISKS', GOVT HAS STABILIZED CREDIT MARKETS - TV INTERVIEW

[10:07] {Threei}  so... credit is unfrozen?

[10:08] {ese} another positive comment.........nice

[10:09] {peterg} no, credit is stabilized--prev. frozen, now stable and frozen

[10:09] {Threei}  oh

[10:09] {Threei}  got it

[10:09] {Threei}  all this newspeak

[10:09] {peterg} teller at bank asked if a banker could call me to offer me a home equity line

[10:09] {peterg} I declined

[10:10] {ese} aaahhhhhhhh.......tks for clearing that up peter

[10:11] {peterg} well, there's some credit out there

[10:11] {peterg} but not 34 EZ billions

[10:13] {Threei}  GM is dropping as if no money is coming their way

[10:13] {Geo} thats funny as this job number pretty much guarentees their bailout

[10:15] {ese} how do you mean geo

[10:15] {Threei}  too big to fail

[10:15] {Geo} the congress wouldnt want more job losses

[10:19] {Threei}  DRYS held .30 through the market slide

[10:20] {dino} lod

[10:25] {magoo} any reads UAUA vad?

[10:26] {Threei}  need market to stabilize

[10:26] {Threei}  it wants up

[10:26] {Threei}  just has to have support

[10:26] {Threei}  any market strength, see how willing UAUA uis?

[10:32] {Geo} .

[10:33] {dino} sm l afam .34, thin

[10:35] {Threei} Long Setup:  HIG  half lot as close to .30 as possible

[10:36] {Threei}  first strength from here

[10:38] {Threei}  anyone got it, keep stop under .20

[10:38] {magoo} in

[10:38] {Threei}  whatcha got?

[10:38] {magoo} .34

[10:38] {Threei}  .31 here

[10:38] {Onix} .31

[10:38] {peterg} .29!

[10:39] {magoo} ill have to exit .03 higher than u lol

[10:39] {Threei}  :)

[10:41] {Threei}  no worky

[10:41] {Onix} stopped

[10:41] {wishbone} stopped

[10:41] {magoo} stiopp

[10:42] {peterg} sptd

[10:42] {peterg} stpd

[10:46] {magoo} rinsed

[10:48] {Threei}  yeah

[10:48] {magoo} rough ride..but with any mkt help over 11

[10:50] {magoo} l here .41

[10:50] {magoo} hig

[10:50] {magoo} waiting .77

[10:51] {magoo} out .65

[10:51] {magoo} what the hell

[10:53] {magoo} plus .24

[10:53] {magoo} no one?

[10:53] {peterg} not me

[10:54] {peterg} good job

[10:54] {magoo} here comes 11

[10:56] {magoo} 11

[10:56] {magoo} easy too

[10:57] {dino} afam stop to 42.00

[10:57] {Threei}  wtg mags

[10:58] {dino} gj magoo

[10:58] {ese} DRYS....just lookin for an excuse

[10:58] {magoo} UAUA vad

[10:59] {Threei}  should break sooner or later but its pullbacks are gut-wrenching

[10:59] {ese} UAUA or DRYS

[11:00] {dino} out afam .00, +.64

[11:00] {Threei}  both actually, lol

[11:00] {ese} classic dino.....nice

[11:00] {Threei}  good one dino

[11:01] {ese} it  was /is really thin though......  nerves of steel

[11:01] {magoo} buns of steel

[11:02] {ese} we'll leave that up to the ladies to decide

[11:02] {dino} thx

[11:02] {Threei}  got HIG .92 on pullback... too fast to cal, sorry

[11:02] {ese} the man is oblivious....

[11:03] {magoo} ts got 12 written all over it vad

[11:03] {magoo} but with hard breating

[11:08] {Threei}  UAUA starts teleportation business

[11:12] {Threei}  HIG on its merry way to magoo's target

[11:12] {dino} yum l .00, stop lod

[11:13] {Threei}  if you watched UAUA for this pattern, .81 - .90 scalps repeated themselves couple times

[11:14] {Threei}  not right now

[11:14] {Threei}  don't buy into sharp market downtick

[11:15] {Threei}  when UAUA downtick coincides with market selling, it's like to do more than one leg down

[11:15] {Threei}  like = likely

[11:18] {dino} sharp down ticks are all markets give anymore

[11:20] {magoo} mkt wants up but justyt relentless end of world news out there

[11:21] {dino} we will be living underground soon

[11:22] {Threei}  I have my cave ready

[11:22] {Threei}  equipped qwith beer fridge and wi-fi

[11:23] {Threei}  Honda pulls out of Formula one

[11:31] {dino} yum stopped -.22

[11:32] {Threei}  I will be very surprized if HIG doeasn't hit 12 today

[11:34] {dino} yum rinsed

[11:36] {Threei}  PRESIDENT BUSH: CONCERNED ABOUT GIVING FUNDING TO AUTOMAKERS WHICH MIGHT NOT SURVIVE

[11:36] {Threei}  - The credit crisis is the most urgent problem facing the economy, focusing on root causes to aid economy

[11:36] {Threei}  - Notes that credit markets are thawing.{GM F}

[11:39] {Chaeron} good morning all

[11:39] {Threei}  chaeron :)

[11:39] {Chaeron} sorry I'm so late.... unavoidable... miss much?

[11:39] {Threei}  some

[11:40] {Chaeron} UAUA and HIG... 

[11:46] {ese} see you all next week.

[11:47] {Chaeron} bye ese... have a good 2 days

[11:47] {ese} take care

[11:48] {Threei}  take care ese

[11:50] {Threei}  wow

[11:50] {Threei}  what just happened?

[11:52] {magoo} [11:20] {magoo} mkt wants up but justyt relentless end of world news out there

[11:52] {magoo} thats what

[11:54] {magoo} HIG

[11:54] {Threei}  nears that 12

[11:54] {Threei}  and UAUA tries to chew through 11

[11:55] {magoo} cant post fast enough..hit HIG .61 to 89 there

[11:59] {Threei}  not much retreat from 11 this time UAUA

[11:59] {Threei}  if market resumes upward, probably should finally break

[12:01] {dino}  t l .30

[12:03] {dino} et tu brutus

[12:09] {dino} t stop to .44

[12:09] {dino} stopped t +.14

[12:09] {Threei}  anyone took UAUA 11 break?

[12:10] {Chaeron} I was disconnected and took it at .08

[12:10] {Chaeron} :(

[12:10] {Threei}  anyway, nicely in the money for a scalp

[12:11] {Threei}  but what kind of chasing is that

06[12:11] * Threei slaps Chaeron around a bit with a large sheet of paper with bold red letters "do NOT chase!!"

[12:12] {dino} beat me to it

06[12:12] * Chaeron slaps dino around a bit with a large trout

[12:12] {Chaeron} that's for thinking about it

[12:19] {dino} ouch

[12:23] {Chaeron} out at .10... I dont deserve the 2 cents

[12:23] {Threei}  better than poke in the eye

06[12:23] * Geo sends chaer his postal address

[12:23] {Threei}  and UAUA is sure capable of poking

[12:27] {Threei}  13 HIG

[12:27] {Threei}  unstoppable

[12:40] {magoo} .

06[12:41] * dino slaps magoo around a bit with a large trout

[12:41] {Threei}  HIG crawling toward high again

06[12:43] * wishbone slaps wishbone around a bit with a large trout

[12:44] {wishbone} that's it...no graphics?

[12:47] {Threei}  trout is all youi got?

[12:47] {wishbone} qoi

[12:48] {Threei}  I don't speak french

[12:48] {wishbone} neither do i

[12:48] {Threei}  neither do I speak english

[12:49] {wishbone} is there graphics w/ the slaps?

[12:49] {wishbone} are there

[12:49] {Threei}  huh?

[12:49] {Threei}  graphics?

[12:49] {Chaeron} no but I'm working on a technology where the recipient actually feels the sting

[12:49] {wishbone} ok guess not! :)

[12:49] {Threei}  lol

[12:50] {Threei}  considering my limited vocabulary, you'd do well limiting your replies to me to "da" and "nyet"

[12:50] {Threei}  CHRYSLER HAS HIRED BANKRUPTCY FIRM JONES-DAY - WSJ CITING SOURCES

[12:50] {Threei}  {GM F}

[12:52] {Threei}  that's inspiring

[12:59] {dino} out mcd .04, +.24

[13:00] {magoo} ok vad, i have geo email on slapfest..but i need u to literally walk me thru every click to install

[13:00] {Threei}  there is nothing to install, just put this file in RTC folder

[13:00] {Geo} hey !

[13:00] {Threei}  and click yes when it asks whether you want to replace file

[13:00] {Geo} i even sent vad's instructions

[13:00] {magoo} HUH?no clue

[13:01] {Geo} peterg

[13:01] {Geo} carry the torch pls

[13:01] {magoo} so how i start?

[13:02] {magoo} how i save file to whereever?

[13:02] {Geo} cant belive this is the same guy

[13:02] {Geo} who makes laser sing in scalping

[13:03] {magoo} i clicked it

[13:03] {magoo} ask want to save

[13:03] {Threei}  right

[13:03] {Threei}  elect Save

[13:03] {Threei}  it will open a window where you can navigate to any folder you want

[13:04] {Threei}  you need C - program Files - RTC

[13:04] {Threei}  once there, click save

[13:04] {magoo} where is that?

[13:04] {magoo} my docs? my computer? my netwk places?

[13:04] {Threei}  my computer

[13:05] {Threei}  c

[13:05] {Threei}  program files

[13:05] {Threei}  rtc

[13:05] {magoo} ok now what?says save in: RTC

[13:06] {Threei}  yup

[13:06] {Threei}  click save

[13:06] {magoo} ok now what?

[13:06] {Threei}  restart mirc

[13:06] {magoo} reboot?

[13:06] {Threei}  no, not whole computer

[13:06] {Threei}  just close mirc and openit again

[13:07] {magoo} log out laser?

[13:07] {Threei}  ??

[13:07] {magoo} what the hells mirc}?

[13:07] {dptl} lol

06[13:07] * Threei slaps magoo around a bit with a large red brick

[13:07] {wishbone} lol

[13:07] {magoo} seriously

[13:07] {Threei}  this room

[13:07] {magoo} oh..lol..brb

[13:08] {Threei}  move your eyes to the right and up

[13:08] {Threei}  you'll see red square with white X

[13:08] {wishbone} needed a good laugh....that was awesome magoo

[13:08] {Threei}  X marks the spot

[13:08] {Threei}  now move your eyes to the mouse

[13:08] {wishbone} there he goes

[13:08] {wishbone} rofl

[13:08] {KSystems} Now...everybody leave and yell at him when he comes back...he shouldnt have shut the whole room down!

[13:08] {Threei}  move mouse so cursor p;oint to the X

[13:08] {KSystems} wb magoo :)

[13:08] {magoo} ok thayts it?

[13:08] {Threei}  am I having fun or what

[13:09] {Threei}  oh, while moving cursor, move your eyes back to the screen

06[13:09] * magoo slaps Geo around a bit with a large book of Techniques of Tape Reading

[13:09] {Threei}  so you can monitor cursor movements

[13:09] {magoo} YESSSSSSSSS

[13:09] {Threei}  when cursor points to X, move your eyes back to the mouse and find left button

[13:09] {Threei}  left button is one on the same side as your heart

[13:10] {magoo} vad knows this..i can only do exactly what i need to do on computer...do not know anything else

[13:10] {magoo} i am retard

[13:10] {Threei}  pointing your eyes at the left button, pluit your finger on it

[13:10] {Threei}  depress it once and release

[13:10] {Threei}  move your eyes back to the screen

[13:10] {Threei}  someone stop me

[13:10] {dino} amzn sm l .00

[13:12] {magoo} slow down vad...which side of what? whats a mouse?

06[13:13] * Threei slaps magoo around a bit with a large book Windows for Dummies

[13:13] {Threei}  HIG broke

[13:13] {Threei}  we are in for a rally

[13:13] {Threei}  one more pullback, then break of the high

[13:14] {Threei}  pullback entry for Qs would be as close to .50 as possible if goes there

[13:15] {Threei}  .70 break should launch it

[13:19] {magoo} GS would be good rally candudate

[13:21] {Threei}  HIG 14?

[13:22] {magoo} well..its getting riskier tghe higher we go is all

[13:22] {Chaeron} OJ Simpson just got at least 6 years in prison for the Nevada thing

[13:24] {dino} good

[13:25] {Geo} is the .7 break a call vad?

[13:25] {Chaeron} ooops... it's 15 years

[13:25] {Threei}  if it consolidates close to it, yes Geo

[13:25] {Geo} looks like consolidation is beginning

[13:26] {magoo} long GS snall 66

[13:26] {magoo} 300 sghaes

[13:28] {Threei}  14

[13:29] {magoo} out .09

[13:29] {magoo} want mkt to go up 

[13:29] {Threei}  [09:10] {Threei} HIG is likely to be a hot item today

[13:29] {Threei}  lol... need a new alert

[13:30] {magoo} thats why i got on it vad

[13:30] {Threei}  "Hot Item Alert"

[13:30] {Threei}  recommended action:

06[13:30] * magoo slaps Geo around a bit with a large daytrading course

06[13:30] * magoo slaps Threei around a bit with a large roll of cash

[13:30] {Threei}  sell wife and kids, get a loan using youyr farm and house as collateral,

[13:30] {Threei}  negotiate 1:100 margin with your broker,

06[13:31] * magoo slaps Threei around a bit with a large slab of bacon

[13:31] {Threei}  buy hot item with all your new buying power

[13:31] {Threei}  retire at the end of the day

[13:31] {magoo} in Q .65

[13:31] {Threei}  it went to .53 on pullback

[13:31] {Threei}  why not buy on pullback?

[13:32] {magoo} was not sure it was end of world fall off

[13:32] {magoo} like yesterday and everyday

[13:33] {magoo} u forget already those 317 point drops in 60 seconds?

[13:33] {Threei}  no, but you'd have about 5 cents stop from there

[13:34] {magoo} i wanted to feel it going up first

[13:34] {magoo} u in??

[13:34] {Threei}  no

[13:34] {Threei}  missed pullback

[13:34] {Threei}  not chasing, waiting for another chance

[13:35] {Threei}  desirable around .60

[13:35] {magoo} well..i thought u said .70 will launch it

[13:35] {dino} amzn stop to .20

[13:35] {dino} stopped +.20

[13:35] {Threei}  you see how sharply it spiked into .70 from .53?

[13:35] {Threei}  when did you see me buying the top of such spikes?

[13:36] {Threei}  ok, in

[13:36] {magoo} how many 2?

[13:36] {Threei}  1

[13:37] {Threei}  stop is tight enough for 2

[13:37] {Threei}  but I don't feel like that on Fri

[13:37] {Threei}  and I am up enough to cease trading altogether

[13:37] {Threei}  so not going to spoil the day by one stop

[13:38] {Threei}  if things work out as I see them, next thing is spike to about .77

[13:39] {Threei}  oh boy

[13:39] {Threei}  forgot about UAUA

[13:39] {Threei}  look at it

[13:40] {Threei}  my grey matter is very grey on Friday afrernoon...

06[13:42] * Threei kicks the market in the rear

[13:43] {Threei}  half out .75

[13:43] {Threei}  +.14

[13:44] {magoo} out .77 2k

06[13:45] * Threei slaps magoo around a bit with a large roll of cash

06[13:45] * magoo slaps laserdave1 around a bit with a large Master Profit Plan

06[13:45] * magoo slaps laserdave1 around a bit with a large daytrading course

[13:45] {Threei}  out 1/4 more .85

[13:45] {Threei}  +.24

[13:45] {magoo} in GS too 

[13:45] {magoo} from .25

[13:45] {Threei}  offering last 1/4 .91

[13:45] {Threei}  out

[13:46] {Threei}  was that a read or was that a read

[13:46] {Chaeron} thanks Threei... took .21 from Q's

[13:46] {magoo} out GS .81

06[13:46] * Geo slaps Threei around a bit with a large gold bar

[13:46] {Threei}  pullback into .50, then break of .70 and rally

[13:46] {Threei}  textbook

[13:47] {Geo} still sitting in 500 shares

[13:47] {Geo} too greedy

[13:47] {jmb} thanks vad

[13:47] {Threei}  welcome jmb

[13:49] {Geo} out .97

[13:49] {Geo} TY lord vader

[13:49] {Threei}  welcome

[13:50] {Threei}  wow

[13:50] {Geo} heheheheh

[13:50] {Threei}  that's more rally than I bragained for :)

[13:51] {Geo} did i tell ya i reentered

[13:51] {Threei}  bargained too

[13:51] {Threei}  no you didn't

[13:51] {Geo} ill send ya blotter

[13:51] {Threei}  what for

[13:51] {Threei}  I believe you

[13:51] {Threei}  I just hate you

[13:51] {Geo} ahhh ok

[13:52] {Geo} rich and hated

[13:52] {Threei}  lol

[13:52] {Geo} thats why i came to you in this room

[13:52] {Threei}  there you go

[13:52] {Threei}  do I deliver or what

[13:52] {Geo} ok out now

[13:52] {Geo} cant push it

[13:53] {dino} yum l .10

[13:53] {Geo} in av .60 out .16

[13:53] {Geo} 56 cents

[13:54] {Geo} vad looks like it wants more

[13:55] {Geo} and bonds dropped fast

[13:55] {Geo} in

[13:56] {dino} out yum .27, +.17

[13:56] {Geo} .23 entry

[13:57] {Geo} half out

[13:57] {dino} afam l; sm .20

[13:58] {Geo} all out

[13:58] {Geo} .10 and .5 on one lot

[13:58] {Threei}  beauty

[13:59] {Geo} IMO bonds is a beautifull indicator

[13:59] {Geo} only when it spikes

[13:59] {Threei}  one more upward push, then heavy pullback

[13:59] {Threei}  what do you ue for bonds? TLT?

[13:59] {Geo} ZB from IB

[13:59] {Geo} tlt lags bad

[13:59] {Geo} and wierd spread

[14:00] {Threei}  don't care about spread, not going to trade it

[14:00] {Geo} lags vad

[14:00] {Geo} zb is 30 yr and tlt is 20

[14:00] {Threei}  yeah, lags by at least 5 minutes from what I see

[14:00] {Geo} i scalp spy on it as you scalp UAUA with NQ

[14:01] {Geo} spy watching ZB

[14:01] {dino} gj geo

[14:01] {Geo} 10 cents scalps

[14:01] {Geo} but made 1.5x on that alone today.......

[14:01] {magoo} whos lags? wqe got magss..maga

[14:02] {dino} bea utiful

[14:03] {magoo} how much is 1.5?

[14:03] {Geo} vad Ill post a chart... but could you edit it out later? pls

[14:04] {Threei}  sigh

[14:04] {Geo} i would love if yo could fine tune it... as my style is a bit raw

[14:04] {Threei}  ok

[14:04] {Geo} hehehe friday

[14:04] {Geo} sorry

[14:04] {magoo} there must be more money.......there must be more money {as magoo mounts his rocking horse}

[14:05] {Threei}  here comes my pullback

[14:05] {Threei}  Qs should drop under 20

[14:06] {Threei}  from where bounce scalp will be in order

[14:06] {Threei}  UAUA to 11.40 at least

[14:06] {Threei}  likely lower

[14:10] {Threei}  there you go Qs

[14:11] {Geo} watch the 10:54 PST spike down

[14:11] {Geo} works more often than not.... only if its a spike

[14:11] {Geo} or near HOD or LOD

[14:12] {Geo} pls edit it later vad :)

[14:12] {Threei}  nice pattern

[14:13] {Geo} i see it a few times in the day

[14:13] {Geo} have to use ZB though

[14:14] {Threei}  UAUA held better than expected

[14:14] {Threei}  feel free to take scalp Qs

[14:15] {jmb} thanks vad q's

[14:15] {Threei}  :)

[14:16] {Threei}  amazingly obeying today

[14:18] {dino} afam stopped -.40 sm

[14:18] {Threei}  argh

[14:18] {Threei}  UAUA did quick trip to .45 and back over .60

[14:18] {Threei}  all in a fraction of second

[14:21] {dino} amzn l sm .40

[14:24] {Threei}  lol... HIG goes for 15 or what?

[14:24] {KSystems} at +100% now

[14:27] {dino} out amzn .80, +.40

[14:27] {Threei}  nice

[14:27] {dino} ty

[14:27] {dino} just dinking around

[14:28] {Threei}  started out rather slow but turned to be a beautiful day

[14:29] {Threei}  wow

[14:29] {Threei}  what happened to oil just now?

[14:35] {Threei}  US REP FRANK: A LARGE CONSENSUS HAS BEEN REACHED THAT SOMETHING MUST HAPPEN FOR AUTOMAKERS, BUT THAT IS NO 'GUARANTEE OF SUCCESS'

[14:35] {Threei}  {GM F}

[14:37] {dino}  thin, sm, l erie .20

[14:40] {dino} i must buy magoo a beer, i asked him up or down when -50, he said up

[14:41] {Geo} ne calls vad?

[14:42] {Threei}  you don't think I have them but hide them?

[14:42] {Geo} in your cave?

[14:43] {KSystems} in secret 99k$ room

[14:43] {KSystems} (discounted rate, batteries not included)

[14:43] {Threei}  your mileage may vary

[14:43] {Threei}  objects in mirror may appear closer than they are

[14:44] {Geo} ok jumped in amazon as it lagged to go to its HOID

[14:44] {Geo} nice.....

[14:45] {Threei}  don't forget to jump out

[14:45] {Geo} it has some more juice

[14:45] {Threei}  Geo the Juicer

[14:46] {Geo} in from .77 

[14:46] {Geo} 500 left

[14:47] {Geo} out .34

[14:47] {Threei}  wtg

[14:47] {dino} gj

[14:47] {Geo} covered first half too early.... oh well....

[14:47] {Geo} i love your lag plays vad

[14:48] {Threei}  for the most part easy money

[14:48] {Geo} hmmm

[14:48] {Geo} still going

[14:48] {Geo} nice up day today

[14:51] {Geo} didnt expect that with this NFP

[14:53] {Threei}  one more push upward is in order it feels

[14:54] {magoo} whats the play?

[14:55] {Threei}  Qs from around .50

[14:57] {dino} bad news is good news, hmmm

[14:57] {Threei}  yup

[14:58] {dino} stalking pru

[14:58] {Threei}  no pullback so far

[14:59] {dino} its coming 3:05ish, imo

[15:00] {Threei}  OCT CONSUMER CREDIT: $-3.5 V $2.0BE

[15:00] {dino} negative?

[15:01] {Threei}  looks like

[15:01] {magoo} HOIG 15

[15:01] {magoo} hih

[15:01] {magoo} HIG

[15:01] {magoo} sigh

[15:03] {magoo} now..down 500 points or up 300 points??

[15:03] {dino} bam

[15:03] {dino} [14:59] {dino} its coming 3:05ish, imo

[15:03] {dino} same as yesterday

[15:03] {Threei}  bounce Qs for scalp soon

[15:04] {Threei}  scalp only

[15:05] {Threei}  13 cents

[15:06] {Threei}  anyone?

[15:06] {Geo} still in from .46

[15:06] {wishbone} hesitated at .41

[15:06] {Threei}  don't oversit, market became nervous

[15:07] {Geo} out

[15:07] {Geo} all out .6

[15:13] {magoo} 16 vad}??

[15:13] {Threei}  lol, I already out of guesses on HIG

[15:14] {Threei}  16, 18... anything's possible

[15:14] {Threei}  12 too

[15:14] {magoo} ok..lots of help he he

06[15:15] * Threei slaps magoo around a bit with a large Self-Help Manual

[15:15] {dino} sm s pru .44 risky

[15:16] {dino} that sucked

[15:18] {magoo} maria schriver just called a bottom

[15:18] {Threei}  uh oh

[15:18] {Geo} sitting in amzn

[15:18] {dino} sell the rips boys, +6% from todays' low

[15:19] {dino} 8600 area hasbeen major resistance thos week, altho gap at 8828

[15:19] {magoo} we got a big sh#t sandwichje here..and ya'll gotta take a bite

[15:19] {dino} 871 s&p too

[15:20] {Threei}  big drop HIG

[15:20] {Geo} scratched amzn

[15:21] {Geo} bonds bounced of bottom

[15:28] {Geo} sheesh forgot... bonds pit closed at 12:00 pst....

[15:28] {Geo} vol negligible now

06[15:29] * dino slaps Geo around a bit with a large trout

06[15:30] * Geo slaps Threei around a bit with a large weekend not here yet banner

06[15:31] * magoo slaps Geo around a bit with a large book of Techniques of Tape Reading

06[15:31] * Threei slaps Geo around a bit with a large My Weekend started Yesterday But I Still Found a Lot of Profitable Trades for Ya banner

[15:31] {Geo} rich and hated

06[15:31] * magoo slaps Threei around a bit with a large with mossyback smokey ghost droppings

[15:31] {Threei}  dream coming true eh?

[15:31] {Threei}  lol

[15:31] {Geo} not yet but working on it

[15:32] {Geo} what is that magoo?

[15:32] {Threei}  magoo really gets in this century stuff

[15:32] {magoo} deer poop

[15:32] {Geo} oooooh

[15:33] {dino} ok, wed. hod dji

[15:33] {Geo} sitting in amzn

[15:34] {KSystems} since?

[15:34] {Geo} .48

[15:34] {Geo} and half out

[15:34] {Threei}  asince he got parachuted in rain forrest

[15:34] {Geo} .68

[15:34] {Geo} ok out rest

[15:34] {Geo} dont want neg stops late in day

[15:35] {Threei}  come on... rain forrest? Amazon?

[15:35] {Threei}  sigh

[15:35] {Geo} hehehe

[15:35] {KSystems} sigh

[15:35] {Geo} too busy clicking buttons

[15:35] {KSystems} its friday vad

06[15:35] * Threei gives up

06[15:35] * Threei will never make another joke again

[15:35] {Geo} promise?

[15:35] {KSystems} I'm sitting in bathtub

[15:35] {KSystems} i shouldnt have said that

[15:35] {Geo} too much detail K

06[15:36] * Threei phones Seinfield and admits defeat

[15:40] {dino} out erie .58, +.38

[15:40] {dino} dino kicks radio into tub

[15:41] {dino} cov pru .04, +.40

[15:41] {dino} what, did everyone quit?

[15:42] {Threei}  I did, yesterday

[15:43] {Threei}  but dino,

[15:43] {Threei}  if you want real effect, kick toaster in KS's tub

[15:43] {dino} ahhh

[15:43] {Geo} man you guys.... dont like him much

[15:43] {Threei}  whom?

[15:43] {Threei}  I mean, Geo,

[15:43] {Geo} the guy in the tub

[15:43] {dino} sorry i'm such a late trader, just can't seem to figure a.m. out

[15:43] {Threei}  how do you intend to distinguish pne particular person among all those we don't like?

[15:44] {dino} over goal, in any case

[15:44] {Geo} its ok dino  we still love ya

[15:44] {patience} at least you are trading dino, i'm sitting this week out it seems

[15:44] {Geo} staill same goal dino?

[15:44] {dino} yeah, $7 beans

[15:44] {Geo} nice :)

[15:44] {Geo} ill increase my daily next year

[15:44] {Geo} having too much fun saying 2x

[15:44] {dino} 1.20

[15:45] {Geo} very nice

[15:45] {Geo} .6 here

[15:45] {dino} \gj geo, seriously, i see you "getting" the gut feel

[15:45] {Geo} yeah working on it

[15:45] {Geo} but gut increasing though :)

[15:46] {dino} we should call this the adam sandler market, 7 crazy days

[15:46] {dino} gj

[15:46] {Threei}  Geo... why would you want to do that?

[15:46] {Threei}  I mean, increase share size when you are ready is fine

[15:47] {Geo} not ready yet

[15:47] {Threei}  but why increase pressure on yourself by raising daily goal?

[15:47] {Geo} some time next year

[15:47] {Threei}  enjoy 2x, 5x,

[15:47] {Threei}  keep expectations low,

[15:47] {Threei}  stay humble

[15:47] {Geo} i love saying that lol

[15:47] {Threei}  lest market humbles you

[15:47] {Geo} 3 x today

[15:47] {dino} good point vad

[15:48] {Threei}  when you inrease mental pressure, you tend to start pushing

[15:48] {Geo} expectation is .5 a day by end of nex year

[15:48] {Threei}  I noticed many years ago,

[15:48] {Geo} so lets see

[15:48] {Threei}  my best days come when I decide for myself:

[15:49] {Threei}  I am not going to tarde today at all

[15:49] {Threei}  will watch

[15:49] {Geo} ok

[15:49] {Threei}  maybe something very compelling comes along, then ok, I'll take it

[15:49] {Threei}  guess what

[15:49] {Threei}  quality of trades increase multifold

[15:49] {dino} geo, if i may, hat = .5?

[15:49] {Threei}  % of wins is incredible

[15:50] {dino} 7 beans = 700

[15:50] {Geo} yes

[15:50] {Geo} .5 is 500

[15:50] {Geo} no i average 200 a day

[15:50] {dino} ok, fantastic buddy

[15:50] {Geo} not in your leage dino :)

[15:50] {Threei}  then I come in, thinking, OK, I need to make $xxx today

[15:50] {Threei}  well... smack on the head comes quickly and inevitable

[15:51] {Geo} good observation vad

[15:51] {Threei}  and for some reason always from the right side

[15:51] {dino} indeed vad you are correct, the pressure gets to me

[15:52] {Threei}  yeah, gotta remind ourselves now and then, there is no such thing as work ethics or steady payment we are entitled for in this business

[15:52] {Geo} no????

[15:52] {Geo} man i need to start a para sailing business in bali

06[15:52] * Threei slaps Geo around a bit with a large Business Code of Conduct

06[15:53] * Geo slaps Threei around a bit with a large how to be rich and hated manual

[15:53] {dino} sm s erie .56 stop hod

[15:53] {Geo} wow dino still chugging along

[15:53] {Geo} good thing he doesnt trade forex heheheheheh

[15:54] {dino} its trade or drink, magoos fault

[15:54] {dptl} have a good weekend all

[15:54] {dino} u2 dp

[15:54] {Threei}  take care dp

[15:57] {Threei}  look at HIG

[15:57] {Threei}  quite something

[15:59] {dino} erie, pain, can't get out of w/gap

[15:59] {dino} gone to .30 wide

[16:00] {dino} hmmm

[16:00] {Geo} watching it... amazing

[16:00] {Threei}  OK guys

[16:00] {dino} yeah, i'll be dealing w/it tonight

[16:00] {Threei}  veru nice day to a very nice week

[16:00] {Threei}  no single losing day

[16:01] {Threei}  have a great relaxing weekend

[16:01] {Geo} K you paged?

[16:01] {dino} i was down yesterday, blew 9 day streak

[16:01] {Threei}  see you Monday

[16:01] {magoo} ty all

[16:01] {Geo} i was down one day.... due to my own stuff.... not too big though

[16:01] {Geo} thanks guys

[16:01] {dawg} thanks all have a great weekend

[16:02] {dino} thx all, appreciate the ideas/help

[16:02] {KSystems} have a great weekend all