Chaos Clinic Recap
Here are Al's comments
1:36 I'm quitting for the day-have a great holiday weekend-no clinic next week-see you in 2 weeks-take a course
1:34 volume drying up-covering on stall for +1
1:26 updated my Fractal of Pi-looking good
1:21 stop OK; waiting
1:20 key point in the fractal-needs to turn down
1:13 still OK, need to be patient
1:03 stop to 16; will take 9 if get there; so cover is 1107
1:00 notice the nice divergence of the EXMAs on the MTRainbow chart
12:58 stop to 17
12:48 stop to 18, just above the 110 EXMA
12:46 now we are moving-Fractal of Pi is down, EXMA's are down
12:41 just waiting; notice how the 110 EXMA is down and congestion is below it
12:34 posted a Fractal of Pi chart in the CCT Room
12:28 selling 1016 stop 1019
12:19 the next trade could give a continutation sell
12:14 on the MTRainbow chart the price bars are red or white, based on a 13 and a 27 minute EXMA scheme.
When they are white in a downtrend, or red in an uptrend, I like to be out until the trend resumes
12:10 out -1;
12:06 stop to 17.5
11:55 resold 16.5 stop 18
11:54 stopped at 1117-stop was too tight, but +4
11:52 on a move like this, the 50 minute EXMa is a good stop guide
11:46 stop 1017; will cover 1008 if get there; 1008 is 0 degrees, Jupiter and Uranus conjunction
11:42 1008 is a good target-stop to 1018
11:36 I have put a combination CTME/Face of God chart in the Certified Chaos Trader's room.
That room is open to those who have take all 4 of my main courses. See http://moneytide.com->Courses for more
11:33 smells like a meltdown; may carry past 9
11:30 stop to 1022.5
11:23 stop to 1024
11:05 stop to 1025
11:01 as I started to leave, I checked the MTRainbow chart and saw the three lower highs and the EXMA's
diverging
10:58 sold 1021 stop 1026 for now
10:56 wait a bit; this thing is rolling over-I got caught by a "hook and go"
10:50 next trade time is 12:54; I'm going to take a break until about 12:00
10:48 stuck on the Moon +T090 and Mars +R270 flux
10:45 pretty much pre-holiday garbage
10:42 May retry here if juice picks up
10:36 stopped out; the important thing is that I maked the trade, controlled my risk, and accepted the result.
10:32 stop OK by one tick so far-obviously should have waited
10:27 still not much juice
10:22 OK, buying 1025.75 stop 1022
10:18 this is the "trading both sides" condition. Want to stay out until prices stay on one side of the 110<>BR>
A break above about 1027 would signal this
10:17 getting some juice-may get a buy signal-if so I'll take it
10:10 I'm not anxious to trade this market-will wait until after the Tide Time
10:07 the outcry range is just over 9 points, a 45 degree range on the wheel of 72-makes trading difficult
10:03 looks like a small scale replay of yesterday
9:54 we may go down and test the low at 1017.5
9:50 the tangled nature of the EXMA's on the MTRainbow chart make today look like a good day for going camping
9:46 the "trend of the day" is given by the white 440 minute EXMA on the MTRainbow chart. It is realtivley flat but up
near 1022.5; this is the Mars +R270 flux, which attractd price all afternoon yesterday.
9:43 looks like a pullback into the first trade time
9:38 high was on the Mercury +M000 flux
9:35 first outcry session low was on the Moon +T090 electridc field flux near 1024, so it is support
See the SPSunMoonMer chart
9:27 Big "twang" from news report. Trend up. Fractal of Pi on MTRainbow chart up into about 1:00 and 1035
Today's trades are 10:32 12:54 14:38 ; I may not hang around for the last one.
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
7/2/2010 7:03:20 AM MT EOE:: GM everyone. Its another beautiful morning. good luck.
7/2/2010 5:17:21 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
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