Chaos Clinic Recap
Here are Al's comments
4:00 I'm done. Thanks for coming. See you next week. Take a course
3:58 Not a bad day, considering the lack of juice-took patience, persistence, and knowledge
3:57 covering at 90.5 for +3
3:55 stop to 89
3:54 out 2 for +5, and +4; remaining on from 87.5
3:48 I will cover 2 at 91 if get there
3:47 stop to 87.75
3:46 low right on the crossing of the MoonTide Harmonic grid-should uncork more energy
3:36 stop now to 87
3:34 new high, stops will be taken out, accelerating the move
3:30 congestion over, now we can move
3:28 we got a resonant streak on the 10:00 hour line, may get another on the 4:00
3:24 first resistance this morning was the Mercury M+135 flux. It is now support
3:21 coming to the Moon and Neptune timelines-last chance for juice
3:17 I'm long 3 at average price of 86.83 -will cover on close
3:14 just about at the end of my congestion ellipse
3:10 this has been the dullest Friday in a long time
3:03 in the last hour - now I expect some short covering; I have a Fractal grid pattern saying hold to close
2:56 put AUX screen back on my LuckyUp price pattern-do we have enough juice to make it work?
2:47 Looks like finally ready to go
2:40 When you see a long congestion, you can often find the end by circling it. I show this now on the AUX page.
2:29 in third trade window-bought 3rd contract at 87.5 stop 84 on all three
2:26 updated my FOG chart in the CCT room
2:20 on the MTRainbow chart, this is a prety bullish pattern-Thrust, Congest, and thrust coming up
2:10 I have placed a new eMylar overlay on the AUX page. This is just a price pattern I find
repeats. No guarantees today
2:05 coming to the Mercury and Venus timelines. They may add some juice
2:04 just no juice
1:55 testing 440 EXMA again
1:55 moving stop to 84
1:41 were I not already long, I would have bought this trade at 87
1:30 this low +9=1194.25, at a retrace of 3. Personally, I don't see the juice
1:28 this rally is important because it comes 2.5-3 hours after the initial low-this is a second wave of buying
1:26 updated my Fractal of Pi chart in the CCT Room
1:22 on a 1 day chart I see 4 moves of 7 in an up Chaos Clamshell
1:20 Looks like a low - now, will we get any juice?
1:13 support on the 440 EXMA
1:06 down to Jupiter flux line; watching for a low as per the green +Tide
1:00 updated my retrace chart on the AUX page
12:55 In the second trade window-If I'm not stopped out I will just carry through
12:49 took a breakfast break. Did not miss anything.
12:21 very tiny 3 minute candles. Near the end of the hour I expect some buying as the
boys come back from lunch
12:10 stuck on Saturn/Uranus electric field flux
11:57 we may see a flat for the next hour - noon time break
11:44 new highs; looking good. Fractal suggests rally to the close
Harmonic prices are low+9=1192, and low +18=1201
11:34 Off to a slow start , but the trend is up. I expect greater volatility in the afternoon.
11:28 bought a second contract at 87, stop on both to 82
11:18 up a bit coming out of the Tide Time ; positive
11:13 I have placed a Face of God chart in the CCT Room
11:04 I have placed a Fracal of Pi chart in the Certified Chaos Trader's Room. It is open to all who have
taken my four main courses. See http://Moneytide.com -> Courses for more details.
10:51 on the MTRAinbow chart, the white 440 EXMA is a straight line, essentially a trend line. So the dip
bounced off the trendline. Looks like the day is up.
10:46 rebought 1186, stop 1181
10:42 updated my retrace chart on the AUX page. See my stop was too close, bounced of the 440 EXMA
That was also the Sun flux line
10:32 now I'll wait until after the TideTime to seel if a re-entry is warranted
10:29 stopped out 83 - off to a choppy start.
10:22 now I'm into the first trade window, ang had I waited, I'd still be buying here. I used
the breakout entry becuase some times the 10:00 streak on a two Moon day goes a long ways
10:19 that overlay is one of many going into the coming Technical Analysis Made Easy course.
10:11 On the AUX page I have placed a chart with a eMylar Retrace Up overlay
10:04 the opening range was 3.5, suggesting a day's range of 9 or 10 points.
10:01 elected long 1187.24, putting stop at 1183
9:52 here is the dip- It is early, but I'm putting a buy stop at 1187.25 , .5 above the highs
9:44 On a two Moon day often get a streak on the 10:00 hour line ; could be a low coming out of it
Two moon days are those that have Moon Timelines near 10:00 and 4:00 . All times are Eastern.
9:42 tested high but no breakout
9:39 on the MTRqainbow chart, the white 440 EXMA is near 1182, again support
9:35 minor low on the Moon T+0 timeline. Riding on the Moon -T225 flux; watch for a dip
9:27 on the SPSunMoonMer chart the early high was set by Mercury M+135. And Moon T+180 is support.
The last low yesterday was on the Sun +H135 electric field flux.
9:14 Today's trade times are 10:59, 13:21, and 14:43 . The trend set yesterday is up.
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
4/9/2010 2:04:08 PM MT Al****:: Thank you, MJ
4/9/2010 2:01:56 PM MT MJ:: Brilliant trading Dr. Larson. Learned a lot today, particularly about trading psychology.
4/9/2010 12:03:41 PM MT mm****:: they just touched 1185 resistance - yesterday's High - it may bounce from here
4/9/2010 11:53:24 AM MT EOE:: still no juice
4/9/2010 10:57:46 AM MT EOE:: not much juice right now. everything looks flat.
4/9/2010 10:50:58 AM MT mm****:: Nine !
4/9/2010 9:57:56 AM MT mm****:: Cannot get through the 1188.75 resistance - tried 8 times so far
4/9/2010 8:38:19 AM MT mm****:: Justice Stevens is going to retire this summer - some traders may not have liked this news
4/9/2010 8:31:20 AM MT EOE:: That was nuts. In less than a minute it dropped like a rock
4/9/2010 8:15:15 AM MT EOE:: nice overlay AL.
4/9/2010 7:30:09 AM MT Al****:: GM all-good luck today
4/9/2010 7:15:43 AM MT EOE:: GM everyone. TGIF
4/9/2010 5:44:53 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
[ Live Clinics on Friday on DaytradingForecasts.com ]