Yes You Can... Cash In On Chaos!

Chaos Clinic Recap

Here are Al's comments
2;02 stopped out. Done for the day. Thanks for coming. See you next week.
1:47 I'm trying to hang tough because I see 1-2-3-4 moves and I want to be in on 5
1:42 got confused on 20/110, minor down crossing now turning up just after trade time; rebought 1306 stop 1303
1:36 on my other trade bought one more to lower average cost to 1307.512 stop 1303
1:34 stopped on hotline trade for -3
1:26 may get stopped
1:11 posted a fractal grid chart in the CCT Room; that pattern is from the Chaos Trading Made Easy course
1:08 bought one at 1307.25 for hotline trade, stop 1304.25
1:02 backed off my stop on my trade to 1304; Mars flux is too close to 1305
1:00 coming into the second hotline trade window; watching for a continuation buy
12:49 pilot looked good so I added 7 ; average price on 8 is 1307.79 stop 1305
12:43 in my own account I trade multiple contracts. I start buy buying one as a pilot when I see a setup on a pattern.
Jesse Livermore used pilot trades to test the market.
12:40 the white 440 EXMA has turned up; bought one at 1307 based on FOG pattern-not the hotline second trade
12:38 testing high-looking bullish to close
12:24 I'm back- see 1-2-3 moves of 7 in an up Chaos Clamshell. Hopefully get a move 4 pullback into the second trade time
11:22 looks to me like the market needs to chew on things for a while; taking a break. Back before second trade time
11:20 posted a second Fractal of Pi chart in the CCT Room
11:11 posted a Fractal of Pi chart in the CCT Room
11:04 The jobs report was all over the evening news last night-sure sign that there was a lot of angst about it
Got a big drop on the news, and a rally that erased most of the drop
11:01 We did hit my 1307 cover, which was based on the Saturn +S225 flux; the Saturn +S270 set yesterday's highs
10:55 when you trade, you are trading two things-the market and yourself; you will make errors; sometimes you can't tell if an entry is and error or not.
But if you suspect it is, protect yourself from yourself.
10:52 now I'm not at all sorry I pressed my stop on that late entry; my goal is to do no harm to my account
10:45 the other thing that made me nervous was the 440 EXMA overhead-just touching it now
10:39 50% retrace of two day range made me nervous
10:37 out for zero; I didn't like my late entry so pressed my stop
10:35 will cover 1307; stop to 1304.75
10:33 my entry is a bit late
10:30 not strong at all. taking continuati0n buy at 1304.75 stop 1300
10:22 rally did stall; watching to see how strong the decline is
10:15 range exactly 9 points since early low; watch for a 4.5 point pullback
10:11 getting close to the +O135 flux at 1304
10:06 watch for a fade now
10:04 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 -> Courses for details.
9:52 rallied up to the 110 EXMA- should slow the rally
9:41 on a gap down day, there is often a rally until about 11:00, near our trade time
9:35 a bit of buying as the outcry sesion opens
9:25 prices bottomed on the Node +O090 electric field flux at 1295; 9 pts=45 degrees up is 1304, possible high
9:22 it looks to me like prices hold up in the morning and rally a bit in the afternoon
9:17 trade times today are 10:50 and 13:37 - so just watching for a while
9:15 bad jobs report created a good drop-now look for some consolidation
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

6/3/2011 12:05:51 PM MT LEM:: Anyone short here?
6/3/2011 12:02:43 PM MT LEM:: And another crossover down; aren't the rules saying short here?
6/3/2011 11:48:59 AM MT LEM:: This is what is frustrating about trading moving averages; the back and forth whipsaws even the trade window doesn't seem to help.
6/3/2011 11:46:08 AM MT LEM:: Now crossover UP. Flatten and reverse to short didn't work either.
6/3/2011 11:39:11 AM MT Al****:: yeah, I mis read it
6/3/2011 11:35:18 AM MT LEM:: Looks like crossover down on 20 and 110ma right at the trade window time.
6/3/2011 11:34:15 AM MT LEM:: Ok; thanks; I see the trend continuation discussion. But if it doesn't dip and curl away now we get stopped out.
6/3/2011 11:16:28 AM MT Al****:: 20 dip to 110 - be sure to read the tutorial on Trading The MoonTides, right side of ListOfCharts page
6/3/2011 11:13:47 AM MT LEM:: Please advise what you are looking at for setup for continuation buy.
6/3/2011 8:01:55 AM MT mm****:: relatively positive Manufacturing Index
6/3/2011 6:45:15 AM MT Al****:: GM all-good luck today
MM: thanks for note-fixed it-more technocrap
6/3/2011 5:42:42 AM MT mm****:: Al - SP1Day has not yet updated - still stuck on the June 1 figures
6/3/2011 5:38:26 AM MT mm****:: gm all - have a great day

9:00 Eastern-System: No comments

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