Chaos Clinic Recap

Here are Al's comments

3:33 stopped for +11 on my pair; thanks for coming; See you next week; take a course or two
3:24 stop OK; being patient
3:12 here the 55 minute EXMA is the best guide for a stop
3:10 bounced off that 1319 prime number
3:07 stop to 1323
3:03 stop 1324; just above the magenta 55 minute EXMA
3:00 stop to 1325; 18 point range is 1317; looks like we'll make that
2:53 This is one of those wonderful days when everything works. Not all days are this good. But my eMylar overlays are very useful.
2:51 stop to 1326
2:49 remember that boring hour of dullness? a lot of people left and missed this chaotic move
2:47 I will cover at 4:00 exactly if not stopped out
2:43 stop to 1327; the prime number, and above the 55 minute magenta EXMA on the MTRainbow chart
2:36 stop on my 2 contracts from 1328.5 to 1328; lock a gain
2:34 I updated my FOP chart in the CCT room
2:30 notice the divergence of the EXMA's on the MTRainbow chart. The flow is down and accelerating
2:24 the morning range was about 9 points; could double to 18 or triple to 27
2:22 this could get ugly-Venus/Moon is a major volatility cycle
2:17 this trade qualifies for applying the GO BIG rule, so I'll try to hold until the close
2:15 now starting to get a bit of panic
2:13 looking at a 30 minute chart for the week, I see a quadruple top above 1334 -longer term bearish
2:06 if you look carefully at the slope of the 440 EXMA, it has slowly increased. Stop is just above it
2:03 last hour range less than 2 points-must be patient in dullness, because "Chaos follows dullness." 2:00 from the high it looks like we are in move 4 of 7 in a down Chaos Clamshell
1:58 touching 110 EXMA - stop to 1330
1:53 getting a hex pattern recognized-formed by price, Pluto, Chiron/Neptune; see Hex
Wheels tutorial and Hex Wheels Today linked on right side of List Of Charts page
1:45 if we break 1326 I expect some trading programs to sell based on breaking the mid day low
1:39 trading below all the EXMA's on the MTRainbow chart, which is showing a slow rolloever
1:27 I have posted a Fractal Grid (from CTME course) chart in the CCT Room. It suggsts down to close
1:17 1327 is a prime number. These are often seupport/resistance; next lower ones are 1321 and 1319
1:08 I have placed a Fractal of Pi/Chaos Trading Made Easy chart in the CCT Room
12:57 this is now a "hold til close" pattern, so I will try to do so
12:53 in the second trade window with a continutation sell setup; sold another at 1328.5 stop 1331
12:45 after we pass solar noon at 1:00 We may see som acceleration to the downside
12:30 I'm back-didn't miss much-looking a bit weaker
12:10 should get a second wave of selling soon-taking a breakfast break-stop is in
12:00 stop OK, not a lot of juice, trend still down-sitting tight
11:45 stop not hit-yet-just above the 440 EXMA
11:31 stop to 1331
11:24 on the MTRainbow chart, the gold 2640 minute EXMA is the 6 day trend-flat near 1329
11:11 often on a gap up, we get a pullback to 11:00, then rally. Not today, so downtrend is stronger than normal
11:06 the 110 EXMA is steady down - so trend remains down
11:00 resold 1328.5 stop 1331.5
10:54 1329 is Moon/Venus flux on ths Wheel of 72; looked like support, so I covered
10:50 covering on stall for +2.5
10:38 I have placed a Face of God chart in the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
10:30 on the MTRainbow chart, the white 440 EXMA has curled over and we have dropped below it
could mean a down day all day
10:27 stop to 1332.5
10:23 I find it very interesting that even with all the compouterized trading, things like triple tops and bottoms still work
10:21 stop to 1333.5; 1 point above the 110 EXMA
10:17 still OK-selling under a three day triple top usually works
10:12 stop to 1335
10:09 the Moon is squaring Venus today; and Venus is returning to its natal position, adding power
10:06 so far OK. On the Chaos Clinic page the second chart on the Wheel of 360 scale shows the high set by
Venus/Moon flux near 1335
9:56 given that this is Friday, we may not see much of a range
9:51 sold 1332 stop 1336
9:49 third day in a row with a high near 1335
9:42 first trade is near open; just watching for now; high at yesterday's high
9:40 I'm a bit late due to an interuption
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

4/8/2011 9:24:02 AM MT suraj:: @AL Thanks
4/8/2011 9:18:50 AM MT Al****:: 20 cross 110 EXMA and triple top -see Trading the MoonTides tutorial linked on right hand side of ListOfCharts page
4/8/2011 9:14:08 AM MT suraj:: @Al Hi Al - how did you decide your initial entry at 9:51 (I hav't had a chance to follow too many of the Friday clinics so please excuse the newbie question)thanks
4/8/2011 5:04:34 AM MT mm****:: gm all - have a great day - and let's hope for some nice volatility fo the clinic

9:00 Eastern-System: No comments

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