12:46 I'm going to officially pass on this trade and call it a day; thanks for coming; see you next week; take some courses
12:42 this now is a double bottom
12:38 hit S4 and bounced; my caution made me miss a few points; that happens
12:30 range is only 8 points; makes it hard to make money
12:26 that could have been a decent short, but not this close to S4
12:18 another reason I'm not selling is that I have a Face Of God pattern telling me not to ; I have posted
it in the CCT room
12:08 now getting some selling; could still be part of move 4 ; I do not want to sell here; too close to S4
12:03 below that push ball, say 2088.5 is a point that would tell me a long trade had failed. I would
measure my risk from that point. Supposed I bought at 2092; my risk would be 3.5 points, or $175.
That's the risk I must be willing to take if I buy at 2092; right now that's too much.
I know a move might only get to 2094, or 2 points. I don't want to risk $175 to make $100.
11:58 isolated magenta push ball suggests down swing is done
11:50 in trade window but do not see a good setup yet-trading both sides of 110 minute EXMA
11:45 move 4 not done yet
11:42 now have another set of magenta down push balls; possible move 4
11:17 trading between the down sloping 440 and the up sloping 110 minute EXMA's; sort of a never-never land
11:14 up yellow PBs could be marking a move 3 - failed to make new high
11:10 I have placed a Fractal Grid chart from Chaos Trading Made Easy course 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.
eMylar Fractal of Pi overlays help you be patient, since they show you future potential moves.
The best bargain in my courses is to take the Cash In On Chaos and Fractal of Pi courses and
learn to use the FOP overlay. Then take Chaos Trading Made Easy, and finish with Face Of God.
11:01 higher magenta down PBs mark move 2
10:48 that move could be a move 1 of 7 in an up Chaos clamshell; the moves will be identified by the pushballs
so watching for next set of magenta down PB's.
10:40 rallied up to my 220 minute EXMA; good start to forming a tradable pattern
10:20 the Flash Boy computers bought S4. They only go for small, fast gains, so we need to wait for more of a pattern to develop, hopefully by next trade time.
10:11 one of the biggest mistakes traders make is living or dying on each trade, rather than taking a series of
trades and accepting the probabilities. MoonTides give time windows where a favorable trade is more likely, but
each individual trade has a random outcome. So the method gives you favorable odds, but does not assure each trade.
It's like flipping a coin that is weighted to give more heads than tails.
10:03 may go lower but I'll not chase it. Too close to S4. I took my shot. I will now wait for the second trade time.
10:00 yesterday the morning was choppy with slowly eroding prices. Then turned up after noon. Could repeat today.
9:54 trading is about probabilities-this setup gave a low probability of going 5 points, but the risk was low enough, so I took it. Then I monitored it, tried to stay focused, and got out when it looked like it could fail.
9:52 Early trades on Fridays are often risky, and today is especially so given the extended nature of the move
9:48 aborting for .5 - not moving well; move is well along
9:43 software detected resonant hex pattern-see ListOfCharts page, right side Hex Wheels Today and Hex Wheels tutorial
9:41 stop to 2090, risk 1.5 points= $75
9:39 seems to be tracking on red -Tide
9:37 testing low, breaking it; sold 2088.5 stop 2092
9:33 today I'll be watching the SPKiss chart push balls closely. High PB is 2091.5, low PB 2088.75
9:30 trade is below the support price S2 2091.50-it now becomes resistance; next lower support S4 is 2086.
9:24 Trade times today are 09:48 and 12:15 .The market is opening down sharply overnight. This makes the
first trade time higher risk than normal.
9:00 Good Morning. Welcome to the Chaos Clinic. This site has a lot of charts,
so you may find it useful to have several of them available within your
browser. If you have a tabbed browser, you can open separate charts
in separate tabs by right clicking on any link, and selecting "open in new tab"
from the menu. The main list of site pages is at
Recommended pages to watch are SPKISS, MTRainbow, and Chat.
For astro stuff, add SPSunMoonMer, Wheel, and Chaos Clinic.
Chaos clinic comments appear at the bottom of the SPKISS, MTRainbow,
and ChaosClinic pages. Comments in the chat room are announced by a
"duck call" noise. This noise also occurs when the sofware detects a
resonant hex pattern on the Wheel page. Trading tutorials
are on the right side of the ListOfCharts page. One should
read Trading the MoonTide Tutorial and Keep it Simple as a minimum.
9:00 Eastern-System: No comments
[ Live Clinics on Friday on DaytradingForecasts.com ]