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Chaos Clinic Recap

Here are Al's comments
2:39 stopped again; done for the day; see you next week
2:19 now holding up to the close is looking less likey
1:59 sold 1359.25 stop 1361; turned down right on second trade time
1:58 6 point range today-a true MM stinker
1:52 covering for +1; do not like the stall here
1:46 still realy small candles
1:35 volatility picking up; looking OK; I have a Fractal Grid pattern (from CTME course) saying hold to close
1:23 I'm in the second trade window; I'll carry through if not stopped
1:19 stop to 1359, just under the 110 and break even
1:13 lots of 1 and 2 tick 3 minute candles; not good volatility
1:07 updated both my charts in the CCT room
1:00 today we have a Moon flux pinch and cross over. Just passed the crossover. Often this increases volatility
12:50 between 11:00 and 12:00 the 110 EXMA moved 1 point per hour. A really good move does 3 points per hour
12:43 stop to 1357.5; trailing by 3
12:37 a 9 point range up reaches 1364.25 ; 9 point range is common on slow days
12:35 back now. Trend now clearly up
12:06 taking a breakfast break
11:59 I'm pretty slow to wake up this morning
11:54 bought 1359 stop 1357
11:45 new highs, bullish for rest of day
11:40 aborted for -2.5
11:30 very dull
11:16 on any 2 day chart, we are looking a a pattern called "three drives to a top"
11:10 I have posted a Face of God chart in the CCT room
10:50 stop still OK; trade stuck in the mud for now
10:33 the EXMA's have gotten tangled; here I am relying more on pattern; I make the high to be the end of an up fractal
10:31 adjusting my stop to 1359.75, 1 point above the high
10:29 I have placed a Fractal of Pi chart in the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See -> Courses for details.
10:17 the early range was 2.25. The rally could only expand it by a tick; the decline expanded it by 4 ticks; bearish
10:11 I expect a range of about 9 points, so possibly work down to about 1350
10:02 sold 1355.5 stop 1358.5; 20/110 crossing
10:00 aborted for -1.25
9:51 broke by only a tick
9:46 still OK-tested yesterday's high; if break, will trigger breakout buy programs
9:35 taking continuation buy at 957.25 stop 955
9:32 outcry session open-still just twitching
9:23 continuation buy set up; if get some juice after outcry open, may buy
9:14 prices squatting on the 110 EXMA, which is rising; watching for a buy setup, but waiting until after trade time
9:01 pre-outcry holding up; 440 EXMA on MTRainbow chart is up; looks like flat to up day
Trade times 09:54 and 13:43 ; first is 1 minute from Consumer Sentiment report at 9:55
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

4/29/2011 6:15:14 AM MT Al****:: Thanks, MM. Camping is in question, but I'll see. I did have to cancel a trip to Vancouver and CA. So I'm pretty bummed about it. I can walk pretty good now but the joint slops around, causing pain. If I don't get it fixed, I'll have problems the rest of my life and arthritis will set in. As you know, this getting older is not for sissies.
4/29/2011 5:30:44 AM MT mm****:: Al - sorry to hear about your continuing leg problem - I hope the doctors can fix it for you before the camping season !
4/29/2011 5:28:45 AM MT mm****:: gm all - have a great day - the wedding is over - back to business!

9:00 Eastern-System: No comments

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