Chaos Clinic Recap
Here are Al's comments
3:31 after the close I will post some charts in tthe CCT room
3:26 thank you for coming-see you next week-take a course
3:20 I'm done - not much to work with today -watch for late pop-up
3:15 we have a "Two Uranus/Saturn day", with their timelines early and late.
Prices stuck on U/S flux lines
3:12 attracted back to the Saturn flux - working like a magnet
3:11 little down streak along the Venus timeline
3:09 stopped out for 0
3:06 Nora Jones is singing that she's just sitting here, waiting for you to come on home and turn me on-so is Crazy Harry,
conductor of the S&P train :)
3:00 the Moon conjoins Pluto right near the close-could get some juice in the last hour
2:47 now switching my music from Brandi Carlile (energizing) to Nora Jones (soothing)
2:44 the 110 EXMA is now at 893.34, so moving stop to 893
2:42 recheck the CCT room if you are a Certified Chaos Trader, meaning you have taken my 4 basic courses
2:35 posted anothe chart in CCT Room - you mayhave to do a refresh in your browser to get it
2:28 stop 890-trailing by 6 right now; if wee get a good rally going I may treat as a GO BIG trade,
based on emotion early often means emotion late
2:25 I have placed a fractal grid chart in the CCT room
2:18 stop 889
2:11 just updated chart in CCT Room
2:03 so far today, we got an emotional drop on news, then a flat as the market absorbed sell orders.
Now I expect short covering
1:59 still stuck in the mud as we approach the Neptune (keyword: illusion) timeline
1:53 I ssupect we are on the green +Tide; need more rally to support this
1:43 bought 893 stop 887
1:41 getting good curl in the 110 EXMA
1:37 coming into second tgrade time - sitting on a triple bottom
1:20 I have now posted a third chart in the CCT room.
I modified the roon to show 3 charts
1:19 that little dip was due to the Mercury timeline-these timelines can "nick" you out of a trade
1:17 stopped -6 on earlier trade; in hindsight, should have covered
1:11 I have placed a second of my charts in the CCT room
1:02 nice little pop-now others are seeing what I saw much earlier with my tools
1:00 I have placed one of my charts with Electronic Mylar Overlay in the Certified Chaos Trader's room
12:54 so far my overlays say up, so just sitting and doing my continuing research
12:33 coming to the Jupiter (blue), Mercury (magenta), and Node (white) timelines; should add some energy
12:27 still stuck on the Saturn flux. From the low we have an "M" pattern which is bullish
12:09 now that we have turned up at the Sun timeline, we could get a "time to price" move up to the Sun flux at 918
12:05 You can just use the hotline rules, or you can take some courses and learn to understand what a market is
really doing. The new Electronic Mylars from those courses are very helpful.
12:00 So far I have not moved my stop-a 6 point trailing stop would have been hit at 90 for a -4.5
but my overlays are telling me to hold my initial stop
11:58 looking OK-watching to see effect of Sun timeline
11:47 dipping going into the vertical green Sun timeline-recall Sun is part of the hex pattern
11:38 I now have three charts overlayed with FOP, FOG, and Fractal Grid patterns - on two computers
On my laptop I have my order entry system, and Media player playing The Story by Brandi Carlile
A laptop maikes a good music machine if your spend $100 and buy some good Bose speakers; all others are crap
11:34 the low was very close to the Tide Time. I just waited to see how we came out of the Tide time
11:22 streak up the Mars timeline. Pressing a bit, but buying 894.5, stop 888.5
I have found that if I am seeing the physics behind a move, I can use the 20 EXMA crossing the 50 EXMA as an early entry signal
11:16 looks pretty flat-getting dip at Mars timeline
11:08 getting confirmation of change in trend
10:51 they are suggesting to me that a new up fractal is starting
10:48 at trade time prices are not near the 110 EXMA, so no trade set up yet; I spend my time positioning my
electronic mylar overlays on my charts
10:36 these pattterns tell you which planets are effectively setting prices-now on Sat/Ura; Sun is at 918
10:33 hex pattern recognizer on the Wheel of Fortune just found a resonant hex pattern formed by Sun, Saturn, and Uranus
10:30 dipping as come to vertical yellow Moon T+180 timeline
10:17 stabilizing on the Saturn flux-may take until the Pluto timeline to see if prices turn up
10:01 this drop is an emotional reaction to the First Friday jobs report. After the emotional response,
the market often goes the other way; if you catch the emotional reaction, good, but don't get caught up in it
9:55 down to the Uranus flux; I'm just watching until the trade time
The Moon and Pluto timelines near 10:40 could set a turn
9:51 all the way down to the Saturn flux-watching to see if it holds
9:46 early drop to test yesterday's lows - Mars electric field flux set the high
9:39 looks like we start with a dip - probably into the first trade time near 10:40
9:31 opening up, bias bullish
9:00 Good morning from Chaos Manor
Besides the comments made by Al, the chat room is has live
comments from other traders who sometimes share their views,
trades and tips. Below are the chat room comments from this clinic
1/9/2009 12:18:30 PM Mountain sdg:: I typically use them on position trades. Hammers and Shooting Stars are $ in the bank.
1/9/2009 12:15:09 PM Mountain mm:: sdg - I have used the Japanese Candle Sticks for 17 years - but only the Shooting Stars and the Hammers - together with the Bollinger Bands. All other patterns are useless in day trading - IMHO.
1/9/2009 12:03:53 PM Mountain sdg:: not text book, but last three 3-minute candles are a morningstar pattern, typically bullish.
1/9/2009 11:15:14 AM Mountain acetd:: for those who care about statistics, when its friday and the sp is down more than 1.25% at 1pm EST there is only a 37% chance that the close is above 1pm level(11 years of intraday data there)
1/9/2009 11:08:29 AM Mountain TG:: Thanks
1/9/2009 11:02:15 AM Mountain Al:: TG, can't do them all, but posted one
1/9/2009 10:57:09 AM Mountain jb:: maybe the next trade time will give us a pop
1/9/2009 10:52:04 AM Mountain sdg:: Bans and M.A's are pinching; appears to be the calm before the chaos.
1/9/2009 10:49:04 AM Mountain TG:: Al any chance you can post the FOP and CTME overlays you mentioned in the Chaos chat room if its not too much of pain to do. Thanks.
1/9/2009 10:41:41 AM Mountain sdg:: ..so I'm watching this paint dry...
1/9/2009 9:53:43 AM Mountain mm:: no 6 pts trailing stop ?
1/9/2009 8:56:47 AM Mountain cgm:: cardinal 887 perfect target low
1/9/2009 8:19:52 AM Mountain acetd:: bottom so far is on uranustime/uranusflux square
1/9/2009 6:38:10 AM Mountain mm:: gm all - have a great day
9:00 Eastern-System: No comments
[ Live Clinics on Friday on DaytradingForecasts.com ]